## **Trustees’ Annual Report for the period** **From 1st January 2022 to 31st December 2022 Charity name: Hockliffe Street Baptist Church Charity registration number: 1131841 - CUA Charity 1198879 – CIO Charity created 9[th] May 2022 (Charities were merged on 31 December 2022)** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|1.
the advancement of the Christian faith
in accordance with the Basis of Faith
primarily but not exclusively within
Leighton Buzzard and the surrounding
neighbourhood.
and
2.
such other charitable purposes as shall,
in the opinion of the Managing
Trustees, further the work of the
Church.| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|1.
The running of Sunday morning
Christian worship services with a
preaching and teaching ministry.
2.
The running of midweek bible study and
prayer groups to advance
understanding of Christian doctrine and
its application to life.
3.
The provision of children's & youth
activities on Sundays and midweek.
4.
The running of a weekly drop-in café.
5.
The running of a weekly group for
toddlers and their mothers or other
carers.
6.
Proclamation of the Christian gospel,
evangelism and outreach to the local
community, including door to door
visiting and regular visiting where
invited.
7.
Ad hoc counselling services
8.
Prayerful support and financial grant
making to other Christian ministries
within the UK and abroad.| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity|Para 1.18|In running the church's activities, the
Trustees have taken due cognisance of the
guidance provided by the Charity
Commission to ensure that the activities| Page 1 of 10 Hockliffe Street Baptist Church Trustees' Report for 2022 Commission on public benefit are available to the public and for their benefit. **Additional information (optional)** You may choose to include further statements where relevant about: ||SORP reference|| |---|---|---| |Policy on grant making.|Para 1.38|The church supports several individuals
and organisations, primarily by making
restricted financial gifts to other registered
charities. The proportion of the total income
distributed in this way is set by the Trustees
and is administered by a sub-committee
comprising trustees and church members;
the decisions are reported to the church
members’ meeting. Those who receive gifts
are regularly reminded that their support is
reviewed at least annually and may change
according to circumstances and the
availability of funds. The total amount of
gifts made in the year amounted to £25,625
and an analysis of these grants may be
found in notes 13.1 and 13.2 to the
financial statements.| |Policy on social investment
including program related
investment.|Para 1.38|The church does not have a social
investment programme.| |Contribution made by
volunteers.|Para 1.38|The church's programme of activities
depends very heavily on voluntary work by
church members and others regularly
attending church activities. Our Sunday
School & Youth work programmes, the Hub
mid-week group and Toddler group are all
entirely run by volunteers. There are over
100 individuals identified as volunteering in
at least one capacity to deliver the church's
activities.| |Other||| Page 2 of 10 Hockliffe Street Baptist Church Trustees' Report for 2022 ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|During 2022 the church activities were
returned to normal operations as the Covid
Pandemic risks decreased and
Government Lockdowns ceased.
We ran Sunday morning worship services
but continued to provide an on-line
streamed service each Sunday via social
media applications. Our attendance at
Sunday services was around 150-170
people, up to 20 people would view the on-
line streamed service, either live or later in
the week.
We also run Sunday School services, and
all our normal mid-week activities.
Toddler activities were run during 2022 as
were youth groups. The mid-week drop-in
café which was halted post March 2020
was replace with “The Hub”, a bi-weekly
Wednesday morning event open to all ages
and attended by an average of 30-40
people.
Our "Neighbourhood Chaplains"
programme, in which members of the
church seek to befriend and support &
serve those within the town who may be
elderly or lonely continued; albeit in a more
restricted form and adhering to remaining
COVID regulations.
Sermons and teaching resources continued
to be made available through the internet
including audio recordings.
Midweek "Growth Groups" which are
embedded in church life and allow people
to discuss the application of the Christian
faith in their lives (often by discussing
questions set around the recent sermon
topics), and to provide prayerful and
practical support for each other were able
to continue using on-line applications and
when permissible, to meet within social
distancing guidelines.
The church has continued to support
people in Romania, Tanzania, Spain, and
the Middle East.| Page 3 of 10 Hockliffe Street Baptist Church Trustees' Report for 2022 ## **Additional information (optional)** You may choose to include further statements where relevant about: |
Achievements against
objectives set.|
Para 1.41|| |---|---|---| |Performance of fundraising
activities against objectives
set|Para 1.41|We do not fundraise (in the sense of
making public appeals for funds), we rely
entirely on voluntary donations including
the weekly offering made as part of the
church worship service.| |Investment performance
against objectives|Para 1.41|We do not set out to maximise the return
on investments; we hold surplus money in
interest bearing banking accounts from our
bankers and the Baptist Union Corporation.| |Other||| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|For 2022, the Trustees set a budget to fund
two Ministerial positions for the full year.
Income for the year was above the budget
target, and expenditure was also below the
target, resulting in a surplus amounting to
£16,390.| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|The Trustees consider that the minimum
level of income reserves required are three
months expenditure. This is sufficient to
meet the Church’s needs, including legal
obligations.
The fund designated in 2018 to the
establishment of a new Christian witness in
the area continues to amount to £17k.| |Amount of reserves held|Para 1.22|£ 112,743| |Reasons for holding zero
reserves|Para 1.22|Not applicable| |Details of fund materially in
deficit|Para 1.24|No fund is in deficit.| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|There are no uncertainties given the
current level of donation income and the
value of the reserves.| Page 4 of 10 Hockliffe Street Baptist Church Trustees' Report for 2022 |**Additional information (optional)**
You may choose to include further statements where relevant about:|**Additional information (optional)**
You may choose to include further statements where relevant about:|**Additional information (optional)**
You may choose to include further statements where relevant about:| |---|---|---| |The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|In 2022 the Charity's principal source of
income (99.6%) is via voluntary donations
from the congregation who attend the
church, supported by Gift Aid refunds
where possible. Small amounts of income
derive from letting out space within the
buildings to other charities and
organisations, and from interest on savings
and investments.| |Investment policy and
objectives including any
social investment policy
adopted.|Para 1.46|The church's reserves are held in low-risk
bank accounts and on deposit with the
Baptist Union. It is not the church's policy to
invest to secure higher rates of return on its
relatively small cash reserve.| |A description of the principal
risks facing the charity|Para 1.46|Almost all the charity's income comes from
voluntary donations from the church's
congregation. Although a significant
proportion of this is in standing orders
supported by Gift Aid, and can be expected
to continue, there is always a risk that
donors could leave the church and the
income could drop as a result. The finance
management team review trends regularly
and they report to the Trustees each
quarter on income & expenditure. Some
budgeted expenditure can be delayed or
stopped if income drops.| |Other||| Page 5 of 10 Hockliffe Street Baptist Church Trustees' Report for 2022 ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing
document
(trust deed, royal charter)|Para 1.25|The church was founded in the first half of the 19th
century. The land where it now meets was acquired
under a property trust dated 12th June 1890.
However, it operated as an unincorporated
association under a constitution which was revised
and adopted on 26th April 2009.
On 9thMay 2022 A new CIO charity was created
and approved by the charity commission under a
constitution and handbook, both created and
adopted by the church on 17thApril and approved
by the Charity Commission on 9thMay 2022. This
charity took over the running of the church with the
old CUA charity merging with the new CIO charity
on 31stDecember 2022.| |How is the charity
constituted?
(e.g. unincorporated
association, CIO)|Para 1.25|CIO
See above - the Unincorporated Association was
merged with the CIO charity on 31stDecember
2022.| |Trustee selection
methods including details
of any constitutional
provisions e.g. election
to post or name of any
person or body entitled
to appoint one or more
trustees|Para 1.25|Trustees are made up of three classes:
1) Ministers appointed as Elders of the Church
become Trustees whilst they are employed by the
Church; a decision to appoint them as Ministers
and Elders (and hence Trustees) is made by the
Church Members by secret ballot at a Special
Church Meeting. At the end of 2022, there were
two Trustees who were a Minister.
2) The Church is run by an Eldership; ministers
may also be appointed to the Eldership because of
their ministerial appointment, but the church also
appoints Elders from within its membership in a
special meeting and they may either be nominated
by serving Elders or by 10% or more of the church
membership making a request in writing. The
Eldership is primarily responsible for setting the
spiritual direction of the church and thus delivering
on the first part of the charitable objectives. They
are, therefore, appointed as Trustees at the time of
their election as Elders. At the end of 2022 there
were two Trustees who were Elders.
3) Recognising that the Elders do not necessarily
possess all the skills required for the effective
running of a charity, the rules permit the church to
appoint additional Trustees who will bring these
necessary skills. They are appointed by the church
in a special meeting and may either be nominated
by serving Trustees or by 10% or more of the
church membership making a request in writing. At
the end of 2022, there were three Other Trustees.| Page 6 of 10 Hockliffe Street Baptist Church Trustees' Report for 2022 |**Additional information (optional)**
You may choose to include further statements where relevant about:|**Additional information (optional)**
You may choose to include further statements where relevant about:|**Additional information (optional)**
You may choose to include further statements where relevant about:| |---|---|---| |Policies and procedures
adopted for the induction
and training of trustees|Para 1.51|New trustees are provided with a briefing
pack on the role of a trustee and basic
information about the operation of the
church as a charity.| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|During the year the church employed a full-
time Senior Minister/Pastor and an
Associate Minister together with a part-
time Operations Manager, and both a
financial administrator and a
caretaker/cleaner on a part-time basis.
We also employed a community staff
worker on a part-time basis.
The paid ministerial staff work with the
Eldership to determine the spiritual
direction of the church and with the wider
Trustee group to deliver the charitable
objectives. The Trustees meet regularly to
review and discuss the affairs of the
church. At church members’ meetings, held
regularly throughout the year, members
review and make recommendations
concerning the affairs of the church in
response to the leadership of the Trustees
and Elders. Some matters, as defined in
the Constitution, are decided at the church
members’ meeting; others, related to the
running of the charity, are decided by the
Trustees.
The church is in membership of the Baptist
Union of Great Britain (charity reg'n
1125912) from which it draws guidance and
advice on legal & organisational matters.| |Relationship with any
related parties|Para 1.51|| |Other||| Page 7 of 10 Hockliffe Street Baptist Church Trustees' Report for 2022 ## **Reference and Administrative details** |Charity name|Hockliffe Street Baptist Church| |---|---| |Other name the charity uses|| |Registered charity number|1131841 1198879 (from 9thMay 2022)| |Charity’s principal address|Delta House
33 Hockliffe Street
Leighton Buzzard, Bedfordshire
LU7 1EZ| ||| Names of the charity trustees who manage the charity. |1
2
3
4
5
6
7|**Trustee name**|**Office (if any)**|**Dates acted if not**
**for whole year**|**Name of person (or body)**
**entitled to appoint trustee (if**
**any)**| |---|---|---|---|---| ||Mr Peter Chilvers|Minister and Chair of
Elders; Chair of
Trustee Board||The Members of the Church| ||Mr Tim Mills|Associate Minister &
Elder||The Members of the Church| ||Mr Paul Daggett|Trustee||The Members of the Church| ||Mr David Knightley|Elder||The Members of the Church| ||Mr Ryan Luke|Elder||The Members of the Church| ||Mrs Ailsa Mansfield|Trustee|15thJuly to 31st
December|The Members of the Church| ||Mr Alan Bourne|Trustee
Treasurer|15thJuly to 31st
December|The Members of the Church| Corporate trustees – names of the directors at the date the report was approved. **Director name** N/A Name of trustees holding title to property belonging to the charity |**Trustee name**|**Dates acted if not for whole year**|| |---|---|---| |Baptist Union Corporation
(Custodian Trustee)||Church, Extension &
Garden.
Manse-12 Carron Close| |Mr Ian Watson, Rev'd Philip
Hill, Rev'd Stephen
Robinson, Dr David Butler||Delta House| Page 8 of 10 Hockliffe Street Baptist Church Trustees' Report for 2022 ## **Funds held as custodian trustees on behalf of others.** Description of the assets None held in this capacity. Name and objects of the charity on whose behalf the assets are held and how these falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** |**Type of**
**adviser**|**Name**
**Address**|**Name**
**Address**| |---|---|---| |Bankers|Barclays Bank plc|2 Market Square, Leighton Buzzard LU7 2EZ| |Accountant &
Examiner|Peter M. Smith FCCA AFA|18D Matthew Street, Dunstable LU6 1SD| |||| |||| ## **Name of chief executive or names of senior staff members (Optional information)** Ian Watson (from 13 January 2020) ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details Not applicable ## **Other optional information** Page 9 of 10 Hockliffe Street Baptist Church Trustees' Report for 2022 ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s) Full name(s)** Peter Roger Chilvers Ian Watson **Position (e.g.,** Chair of Trustees Secretary to Trustees **Secretary, Chair, etc)** **Date** Page 10 of 10 Hockliffe Street Baptist Church Trustees' Report for 2022 |Hockliffe Street Baptist Church|Hockliffe Street Baptist Church|Hockliffe Street Baptist Church|**1131841**||| |---|---|---|---|---|---| |Annualaccountsforthe period|||||| |Period start date|**01.01.2022**|**To**|Period end
date|**31.12.2022**|| ## **Section A Statement of financial activities** |**Recommended categories by**
**activity**
Guidance Notes
**Incoming resources (Note 3)**
**Income and endowments from:**
Donations and legacies
S01
Charitable activities
S02
Other trading activities
S03
Investments
S04
Separate material item of income
S05
Other
S06
S07
**Resources expended (Note 6)**
**Expenditure on:**
Raising funds
S08
Charitable activities
S09
Separate material item of expense
S10
Other
S11
S12
S13
Net gains/(losses) on investments
S14
S15
**Extraordinary items**
S16
S17
S18
Other gains/(losses)
S19
S20
**_Reconciliation of funds:_**
S21
S22
**_Total_**
**_Net movement in funds_**
Total funds brought forward
**_Total funds carried forward_**
**_Total_**
**Net income/(expenditure) before investment**
**gains/(losses)**
**Net income/(expenditure)**
**Transfers between funds**
**Other recognised** **gains/(losses):**
Gains and losses on revaluation of fixed assets for the charity’s own use|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05| |---|---|---|---|---|---| ||246,226|25,135|-|271,361|243,319| ||-|-|-|-|-| ||-|-|-|-|-| ||2,123|-|-|2,123|281| ||5,477|-|-|5,477|1,460| ||-|-|-|-|-| ||253,826|25,135|-|278,961|245,060| ||||||| ||-|-|-|-|-| ||253,186|4,728|-|257,914|254,097| ||-|-|-|-|-| ||1,100||-|1,100|1,100| ||254,286|4,728|-|259,014|255,197| ||||||| ||460
-|20,407|-|19,947|10,137
-| ||-|-|-|-|-| ||460
-|20,407|-|19,947|10,137
-| ||-|-|-|-|-| ||-|-|-|-|-| ||||||| ||-|-|-|-|-| ||-|-|-|-|-| ||460
-|20,407|-|19,947|10,137
-| ||||||| ||1,198,354|34,207|-|1,232,561|1,242,698| ||1,197,894|54,614|-|1,252,508|1,232,561| Hockliffe Street Baptist Church Accounts for 2022 1 of 52 13/10/2023 14:59 ## **Section B Balance sheet** |Guidance Notes
**Fixed assets**
**Intangible assets (Note 15)**
B01
**Tangible assets (Note 14)**
B02
**Heritage assets (Note 16)**
B03
**Investments (Note 17)**
B04
**_Total fixed assets_**
B05
**Current assets**
**Stocks (Note 18)**
B06
**Debtors (Note 19)**
B07
**Investments (Note 17.4)**
B08
**Cash at bank and in hand (Note 24)**
B09
**_Total current assets_**
B10
**Creditors: amounts falling due within**
**one year (Note 20)**
B11
**_Net current assets/(liabilities)_**
B12
**_Total assets less current liabilities_**
B13
**Creditors: amounts falling due after**
**one year (Note 20)**
B14
**Provisions for liabilities**
B15
**_Total net assets or liabilities_**
B16
**Funds of the Charity**
**Endowment funds (Note 27)**
B17
**Restricted income funds (Note 27)**
B18
**Unrestricted funds**
B19
**Revaluation reserve**
B20
**_Total funds_**
B21
Signed by one or two trustees on behalf of all
the trustees|**Unrestricted**
**funds**
**£**
F01|
**Restricted**
**income**
**funds**
**£**
F02|**Endowment**
**funds**
**£**
F03|**Total this**
**year**
**Total last**
**year**
**£**
**£**
F04
F05|**Total this**
**year**
**Total last**
**year**
**£**
**£**
F04
F05| |---|---|---|---|---|---| ||-|-|-|-|-| ||1,017,688|-|-|1,017,688|1,034,038| ||-|-|-|-|-| ||-|-|-|-|-| ||1,017,688|-|-|1,017,688|1,034,038| ||||||| ||-|-|-|-|-| ||10,994|-|-|10,994|8,451| ||-|-|-|-|-| ||172,893|54,614|-|227,507|192,367| ||183,887|54,614|-|238,501|200,818| ||||||| ||3,681|-|-|3,681|2,295| ||||||| ||180,206|54,614|-|234,820|198,523| ||||||| ||1,197,894|54,614|**-**|1,252,508|1,232,561| ||||||| ||-|-|-|-|-| ||-|-|-|-|-| ||||||| ||1,197,894|54,614|-|1,252,508|1,232,561| ||||||| ||-
-|||-|-| |||54,614|-|54,614|34,207| ||1,197,894|-|-|1,197,894|1,198,354| |||||-|-| ||1,197,894|54,614|-|1,252,508|1,232,561| ||||||| Hockliffe Street Baptist Church Accounts for 2022 2 of 52 13/10/2023 14:59 ## **Section C Notes to the accounts** ## Note 1 **Basis of preparation** ## _**This section should be completed by all charities** ._ ## **1.1 Basis of accounting** These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with: the Statement of Recommended Practice: Accounting and Reporting by Charities • and with* ✓ preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 the Financial Reporting Standard applicable in the United Kingdom and Republic of • and with* Ireland (FRS 102) - and with the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102.* - -Tick as appropriate ## **1.2 Going concern** _**If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:**_ An explanation as to those factors that support the conclusion that the charity is a going concern; Disclosure of any uncertainties that make the going concern assumption doubtful; _**Not applicable**_ _**Not applicable**_ Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees _**Not applicable**_ prepared the accounts and the reason why the charity is not regarded as a going concern. Hockliffe Street Baptist Church Accounts for 2022 3 of 52 13/10/2023 14:59 ## **1.3 Change of accounting policy** The accounts present a true and fair view and the accounting policies adopted are those outlined in note {2}. Yes* ✓ * -Tick as appropriate No* ## _**Please disclose:**_ |**_Please disclose:_**|| |---|---| |**_(i) the nature of the change in accounting policy;_**|**Not applicable**| |**_(ii) the reasons why applying the new accounting policy_**
**_provides more reliable and more relevant information;_**
**_and_**|**Not applicable**| |**_(iii) the amount of the adjustment for each line affected_**
**_in the current period, each prior period presented and_**
**_the aggregate amount of the adjustment relating to_**
**_periods before those presented, 3.44 FRS 102 SORP._**|**Not applicable**| ## **1.4 Changes to accounting estimates** No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP). Yes* * -Tick as appropriate No* ## _**Please disclose:**_ |**_Please disclose:_**|| |---|---| |**_(i) the nature of any changes;_**|**Not applicable**| |**_(ii) the effect of the change on income and expense or_**
**_assets and liabilities for the current period; and_**|**Not applicable**| |**_(iii) where practicable, the effect of the change in one or_**
**_more future periods._**|**Not applicable**| Hockliffe Street Baptist Church Accounts for 2022 4 of 52 13/10/2023 14:59 ## **1.5 Material prior year errors** No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP). Yes* * -Tick as appropriate No* ## _**Please disclose:**_ |**_Please disclose:_**|| |---|---| |**_(i) the nature of the prior period error;_**|**Not applicable**| |**_(ii) for each prior period presented in the accounts, the_**
**_amount of the correction for each account line item_**
**_affected; and_**|**Not applicable**| |**_(iii) the amount of the correction at the beginning of the_**
**_earliest prior period presented in the accounts._**|**Not applicable**| Hockliffe Street Baptist Church Accounts for 2022 5 of 52 13/10/2023 14:59 **Section C Notes to the accounts (cont)** ## **Note 2 Accounting policies** _Please complete this note when first reporting under FRS2102. Section 35 of FRS102, requires 3 reconciliations to be presented, if all are applicable._ ## **2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE** **Please provide a description of the nature of each change Not applicable in accounting policy** _**Reconcilation of funds per previous GAAP to funds determined under FRS 102**_ **Start of End of period period £ £ Fund balances as previously stated** _**Adjustments:**_ ## **Fund balance as restated** _**Reconcilation of net income/(net expenditure) per previous GAAP to net income/(net expenditure) under FRS 102**_ **End of £ Net income/(expenditure) as previously stated** _**Adjustments:**_ **Previous period net income/(expenditure) as restated** Hockliffe Street Baptist Church Accounts for 2022 6 of 52 13/10/2023 14:59 ## **Section C Notes to the accounts (cont)** ## **Note 2 Accounting policies 2.2 INCOME** |**Note 2 Accounting policies**
**2.2 INCOME**|||| |---|---|---|---| |_This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a_
_different or additional policy has been adopted then this is detailed in the box below._|Yes
No
N/a||| |**Recognition of income**
Gifts in kind for use by the charity are included in the SoFA as income from donations
when receivable.
Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in
'Income from other trading activities' with the corresponding stock recognised in the
balance sheet. On its sale the value of stock is charged against 'Income from other
trading activities' and the proceeds from sale are also recognised as 'Income from
other trading activities'.
Goods donated for on-going use by the charity are recognised as tangible fixed assets
and included in the SoFA as incoming resources when receivable.
These are included in the Statement of Financial Activities (SoFA) when:
• the charity becomes entitled to the resources;
· it is more likely than not that the trustees will receive the resources; and
• the monetary value can be measured with sufficient reliability.
**Donated goods**
**Contractual income and**
**performance related**
**grants**
**Offsetting**
There has been no offsetting of assets and liabilities, or income and expenses, unless required
or permitted by the FRS 102 SORP or FRS 102.
**Grants and donations**
Grants and donations are only included in the SoFA when the general income
recognition criteria are met (5.10 to 5.12 FRS102 SORP).
This is only included in the SoFA once the charity has provided the related goods or
services or met the performance related conditions.
Donated goods are measured at fair value (the amount for which the asset could be
exchanged) unless impractical to do so.
In the case of performance related grants, income must only be recognised to the
extent that the charity has provided the specified goods or services as entitlement to
the grant only occurs when the performance related conditions are met (5.16 FRS 102
SORP).
**Legacies**
Legacies are included in the SOFA when receipt is probable, that is, when there has
been grant of probate, the executors have established that there are sufficient assets in
the estate and any conditions attached to the legacy are either within the control of the
charity or have been met.
**Government grants**
The charity has received government grants in the reporting period
**Tax reclaims on**
**donations and gifts**
Gift Aid receivable is included in income when there is a valid declaration from the
donor. Any Gift Aid amount recovered on a donation is considered to be part of that
gift and is treated as an addition to the same fund as the initial donation unless the
donor or the terms of the appeal have specified otherwise.
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be
the fair value of those gifts at the time of their receipt and they are recognised on
receipt. In the reporting period in which the stocks are distributed, they are recognised
as an expense at the carrying amount of the stocks at distribution.
**Donated services and**
**facilities**
Donated services and facilities are included in the SOFA when received at the value of
the gift to the charity provided the value of the gift can be measured reliably.|||| ||✓||| ||Yes
No
N/a||| ||✓||| ||Yes
No
N/a||| ||✓||| ||Yes
No
N/a||| ||||✓| ||Yes
No
N/a||| ||||✓| ||Yes
No
N/a||| |||✓|| ||Yes
No
N/a||| ||✓||| ||Yes
No
N/a||| ||||✓| ||Yes
No
N/a||| ||||✓| ||Yes
No
N/a||| ||||✓| ||Yes
No
N/a||| ||||✓| ||Yes
No
N/a||| ||||✓| ||Yes
No
N/a||| ||||✓| ||Yes
No
N/a||| ||||✓| Hockliffe Street Baptist Church Accounts for 2022 7 of 52 13/10/2023 14:59 Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA. |**Support costs**|The charity has incurred expenditure on support costs.| |---|---| |**Volunteer help**|The value of any voluntary help received is not included in the accounts but is
described in the trustees’ annual report.| |**Income from interest,**|This is included in the accounts when receipt is probable and the amount receivable| |**royalties and dividends**|can be measured reliably.| |**Income from membership**|
Membership subscriptions received in the nature of a gift are recognised in Donations| |**subscriptions**|and Legacies.| ||Membership subscriptions which gives a member the right to buy services or other| ||benefits are recognised as income earned from the provision of goods and services as| ||income from charitable activities.| |**Settlement of insurance**
**claims**|Insurance claims are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other
income in the SoFA.| |**Investment gains and**
**losses**|This includes any realised or unrealised gains or losses on the sale of investments and
any gain or loss resulting from revaluing investments to market value at the end of the| ||year.| |**2.3 EXPENDITURE**|**AND LIABILITIES**| |**Liability recognition**|Liabilities are recognised where it is more likely than not that there is a legal or| ||constructive obligation committing the charity to pay out resources and the amount of| ||the obligation can be measured with reasonable certainty.| |**Governance and support**
**costs**|Support costs have been allocated between governance costs and other support.
Governance costs comprise all costs involving public accountability of the charity and
its compliance with regulation and good practice.| ||Support costs include central functions and have been allocated to activity cost| ||categories on a basis consistent with the use of resources, eg allocating property costs| ||by floor areas, or per capita, staff costs by the time spent and other costs by their| ||usage.| |**Grants with performance**
**conditions**|Where the charity gives a grant with conditions for its payment being a specific level of
service or output to be provided, such grants are only recognised in the SoFA once the
recipient of the grant has provided the specified service or output.| |**Grants payable without**
**performance conditions**|Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be
recognised.| |**Redundancy cost**|The charity made no redundancy payments during the reporting period.| |**Deferred income**|No material item of deferred income has been included in the accounts.| |**Creditors**|The charity has creditors which are measured at settlement amounts less any trade
discounts| ||A liability is measured on recognition at its historical cost and then subsequently| |**Provisions for liabilities**|measured at the best estimate of the amount required to settle the obligation at the| ||reporting date| |**Basic financial**
**instruments**|The charity accounts for basic financial instruments on initial recognition as per
paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17
to 11.19, FRS102 SORP.| |Yes
No
N/a|Yes
No
N/a|Yes
No
N/a| |---|---|---| |||✓| |Yes
No
N/a||| |||✓| |Yes
No
N/a||| |✓||| |Yes
No
N/a||| |✓||| |Yes
No
N/a||| |||✓| |Yes
No
N/a||| |||✓| |Yes
No
N/a||| |||✓| |Yes
No
N/a||| |||✓| |Yes
No
N/a||| |✓
||| |Yes
No
N/a||| |✓||| |Yes
No
N/a||| |||✓| |Yes
No
N/a||| |||✓| |Yes
No
N/a||| |✓||| |Yes
No
N/a||| |✓||| |Yes
No
N/a||| |✓||| |Yes
No
N/a||| |✓||| |Yes
No
N/a||| |||✓| |Yes
No
N/a||| |✓||| Hockliffe Street Baptist Church Accounts for 2022 8 of 52 13/10/2023 14:59 |**2.4 ASSETS**
**Intangible fixed assets**
**Heritage assets**
**POLICIES ADOPTED**
**ADDITIONAL TO OR**
**DIFFERENT FROM**
**THOSE ABOVE**
**Tangible fixed assets for**
**use by charity**
**Investments**
**Stocks and work in**
**progress**
**Debtors**
**Current asset**
**investments**|£250
They are valued at cost.
These are capitalised if they can be used for more than one year, and cost at least
The charity has intangible fixed assets, that is, non-monetary assets that do not have
physical substance but are identifiable and are controlled by the charity through
custody or legal rights. The amortisation rates and methods used are disclosed in note
9.5
They are valued at cost.
The charity has heritage assets, that is, non-monetary assets with historic, artistic,
scientific, technological, geophysical or environmental qualities that are held and
maintained principally for their contribution to knowledge and culture. The depreciation
rates and methods used as disclosed in note 9.6.1.4.
The depreciation rates and methods used are disclosed in note 14.2.
They are valued at cost.
Fixed asset investments in quoted shares, traded bonds and similar investments are
valued at initially at cost and subsequently at fair value (their market value) at the year
end. The same treatment is applied to unlisted investments unless fair value cannot
be measured reliably in which case it is measured at cost less impairment.
Investments held for resale or pending their sale and cash and cash equivalents with a
maturity date of less than 1 year are treated as current asset investments
Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net
realisable value.
Goods or services provided as part of a charitable activity are measured at net realisable value
based on the service potential provided by items of stock.
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the
contract.
Debtors (including trade debtors and loans receivable) are measured on initial recognition at
settlement amount after any trade discounts or amount advanced by the charity. Subsequently,
they are measured at the cash or other consideration expected to be received.
The charity has has investments which it holds for resale or pending their sale and cash and
cash equivalents with a maturity date less than one year. These include cash on deposit and
cash equivalents with a maturity date of less than one year held for investment purposes rather
than to meet short term cash commitments as they fall due.
They are valued at fair value except where they qualify as basic financial instruments.||Yes
No
N/a|Yes
No
N/a|Yes
No
N/a| |---|---|---|---|---|---| |||£250|||| |||||✓|| ||||Yes
No
N/a||| ||||||✓| ||||Yes
No
N/a||| ||||||✓| ||||Yes
No
N/a||| ||||||✓| ||||Yes
No
N/a||| ||||||✓| ||||Yes
No
N/a||| ||||||✓| ||||Yes
No
N/a||| ||||||✓| ||||Yes
No
N/a||| ||||||✓| ||||Yes
No
N/a||| ||||||✓| ||||Yes
No
N/a||| ||||||✓| ||||Yes
No
N/a||| ||||✓
||| ||||Yes
No
N/a||| ||||||✓| ||||Yes
No
N/a||| ||||||✓| ||||||| ||**Tangible Fixed Assets**
**: Tangible Fixed Assets are included at cost apart from the church building and the**
**organ. In 1996 these were included at their insured value and have subsequently been depreciated in**
**accordance with the policies at note 14.2. This basis is consistent with previous years.**||||| Hockliffe Street Baptist Church Accounts for 2022 9 of 52 13/10/2023 14:59 ## **Section C Notes to the accounts (cont)** ## **Note 3 Analysis of income** |**Donations**
**and legacies:**
**Charitable**
**activities:**
**Other:**
**Other trading**
**activities:**
**Income from**
**investments:**
**Separate**
**material item**
**of income:**|**Analysis**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**| |---|---|---|---|---|---|---| ||Donations andgifts|198,317|20,180|-|218,497|198,506| ||Gift Aid|44,448|4,955|-|49,403|43,628| ||Legacies|-|-|-|-|-| ||General grants provided by government/other
charities|-|-|-|-|-| ||Membership subscriptions and sponsorships
which are in substance donations|-|-|-|-|-| ||Donatedgoods,facilities and services||-|-|-|-| ||Other|3,461|-|-|3,461|1,185| ||**Total**|246,226|25,135|-|271,361|243,319| |||||||| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| ||Other|-|-|-|-|-| ||**Total**|-|-|-|-|-| |||||||| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| ||Other|-|-|-|-|-| ||**Total**|-|-|-|-|-| |||||||| ||Interest income|2,123||-|2,123|281| ||Dividend income|-|-|-|-|-| ||Rental and leasingincome|-|-|-|-|-| ||Other|-|-|-|-|-| ||**Total**|2,123|-|-|2,123|281| |||||||| ||Non investmentpropertyrental|5,477|-|-|5,477|1,460| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| ||**Total**|5,477|-|-|5,477|1,460| |||||||| ||Conversion of endowment funds into income|-|-|-|-|-| ||Gain on disposal of a tangible fixed asset held
for charity's own use|
-|-|-|-|-| ||Gain on disposal of a programme related
investment|-|-|-|-|-| Hockliffe Street Baptist Church Accounts for 2022 10 of 52 13/10/2023 14:59 |Royalties from the exploitation of intellectual
propertyrights
Other
**Total**
**Other information:**
**TOTAL INCOME**|Royalties from the exploitation of intellectual
propertyrights|-|-|
-|-|-| |---|---|---|---|---|---|---| ||Other|-|-|-|-|-| |||-|-|-|-|-| |||||||| |||253,826|25,135|-|278,961|245,060| |||||||| |**All income in the prior year was unrestricted except for:**
**(please provide description and amounts)**||Donations and gifts £ 2,762 Gift Aid £ 611||||| |**Where any endowment fund is converted into income in the**
**reporting period, please give the reason for the conversion.**||||||| |||||||| |||||||| |**Within the income items above the following items are**
**material: (please disclose the nature, amount and any prior**
**year amounts)**||||||| Hockliffe Street Baptist Church Accounts for 2022 11 of 52 13/10/2023 14:59 ## **Section C Notes to the accounts (cont)** ## **Note 4 Analysis of receipts of government grants** |**Government grant 1**
**Government grant 2**
**Government grant 3**
**Other**
**_Please provide details of any_**
**_unfulfilled conditions and other_**
**_contingencies attaching to grants_**
**_that have been recognised in income._**
**_Please give details of other forms of_**
**_government assistance from which_**
**_the charity has directly benefited._**|**Description**|**This year**
**Last year**
**£**
**£**|**This year**
**Last year**
**£**
**£**| |---|---|---|---| |||-|-| |||-|-| |||-|-| |||-|-| ||**Total**|-|-| ||||| ||||| ||||| ||||| Hockliffe Street Baptist Church Accounts for 2022 12 of 52 13/10/2023 14:59 ## **Section C Notes to the accounts (cont)** ## **Note 5 Donated goods, facilities and services** |**Use of property**
**Other**
**Seconded staff**||**This year**
**Last year**
**£**
**£**|**This year**
**Last year**
**£**
**£**| |---|---|---|---| |||-|-| |||-|-| |||-|-| |||-|-| ||||| |**Please provide details of the**
**accounting policy for the recognition**
**and valuation of donated goods,**
**facilities and services.**|||| |**Please provide details of any**
**unfulfilled conditions and other**
**contingencies attaching to resources**
**from donated goods and services not**
**recognised in income.**
**Please give details of other forms of**
**other donated goods and services not**
**recognised in the accounts, eg**
**contribution of unpaid volunteers.**|||| ||||| ||||| ||||| Hockliffe Street Baptist Church Accounts for 2022 13 of 52 13/10/2023 14:59 ## **Section C Notes to the accounts (cont)** ## **Note 6 Analysis of expenditure** |**Expenditure on**
**raising funds:**
**Expenditure on**
**charitable**
**activities**|**Analysis**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**| |---|---|---|---|---|---|---| ||Incurred seeking donations|-|-|-|-|-| ||Incurred seeking legacies|-|-|-|-|-| ||Incurred seeking grants|-|
-|
-|
-|-| ||Operating membership schemes and
social lotteries|-|
-|
-|-|-| ||Staging fundraising events|-|
-|
-|-|-| ||Fundraising agents|-|
-|
-|-|-| ||Operating charity shops|-|
-|
-|-|-| ||Operating a trading company
undertaking non-charitable trading
activity|-|
-|
-|-|-| ||Advertising, marketing, direct mail and
publicity|-|-|-|-|-| ||Start up costs incurred in generating
new source of future income|-|-|-|-|-| ||Database development costs|-|-|-|-|-| ||Other trading activities|-|-|-|-|-| ||Investment management costs:|-|-|-|-|| ||Portfolio management costs|-|-|-|-|-| ||Cost of obtaining investment advice|-|-|-|-|-| ||Investment administration costs|-|-|-|-|-| ||Intellectual property licencing costs|-|-|-|-|-| ||Rent collection, property repairs and
maintenance charges|-|-|-|-|-| |||-|-|-|-|-| ||**Total expenditure on raising funds**|-|-|-|-|-| |||||||| ||Ministry|102,347||-|102,347|98,268| ||Mission and Evangelism|44,146|3,603|-|47,749|41,701| ||Administration|87,472|1,125|-|88,597|94,745| ||Depreciation|19,221|-|-|19,221|19,383| ||**Total expenditure on charitable**
**activities**|253,186|4,728|-|257,914|254,097| Hockliffe Street Baptist Church Accounts for 2022 14 of 52 13/10/2023 14:59 |**Separate material**
**item of expense**||-|-|-|-|-| |---|---|---|---|---|---|---| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| ||**Total**|-|-|-|-|-| Hockliffe Street Baptist Church Accounts for 2022 15 of 52 13/10/2023 14:59 ## **Other** |Governance: Accountancyfees|1,100|-|-|1,100|1,100| |---|---|---|---|---|---| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| |**URE**
**Total other expenditure**|1,100|-|-|1,100|1,100| ||||||| ||254,286|4,728|-|259,014|255,197| ## **TOTAL EXPENDITURE** ## **Other information:** ## **Analysis of expenditure on charitable activities** |**Activity or**
**programme**|**Activities undertaken directly**|**Grant**
**funding**
**of**
**activities**|**Support**
**Costs**|**Total this**
**year**|**_Total_**
**_prior year_**| |---|---|---|---|---|---| ||**£**|**£**|**£**|**£**|**£**| |Activity 1
Activity2|||||| ||||||| |Other|||||| |**Total**|||||| **Prior year expenditure on charitable activities can be analysed as follows: Within the expenditure items above the following items are material: (please disclose the nature, amount and any prior year amounts)** Hockliffe Street Baptist Church Accounts for 2022 16 of 52 13/10/2023 14:59 ## **Section C Notes to the accounts (cont)** ## **Note 7 Extraordinary items** ## _**Please explain the nature of each extraordinary item occurring in the period.**_ |**Extraordinary item 1**
**Extraordinary item 2**
**Extraordinary item 3**
**Extraordinary item 4**
**Total extrordinary item**|**Description**|**This year**
**Last year**
**£**
**£**|**This year**
**Last year**
**£**
**£**| |---|---|---|---| |||-|-| ||||| |||-|-| |||-|-| |||-|-| ||||| |||-|-| ||**s**|-|-| Hockliffe Street Baptist Church Accounts for 2022 17 of 52 13/10/2023 14:59 ## **Section C Notes to the accounts (cont)** ## **Note 8 Funds received as agent** ## _**8.1 Please complete this note if the charity has agreed to administer the funds of another entity as its agent. Note: If a charity is acting as an agent, it should not recognise the income in the Statement of Financial Activities or the Balance Sheet.**_ |||**Amount received**|**Amount received**|**Amountpaid out**|**Amountpaid out**|**Balance held atperiod end**|**Balance held atperiod end**| |---|---|---|---|---|---|---|---| |**Description/name of party**|**Related**
**party (Yes**
**or No)**|**Thisyear**|**Lastyear**|**Thisyear**|**Lastyear**|**Thisyear**|**Lastyear**| |||**£**|**£**|**£**|**£**|**£**|**£**| |||-|-|-|-|-|-| |||-|-|-|-|-|-| |||-|-|-|-|-|-| |||-|-|-|-|-|-| |||-|-|-|-|-|-| |**Total**||-|-|-|-|-|-| ## _**8.2 Where a consortia or similar arrangement exists whereby 2 or more charities co-operate to achieve economies in the purchase of goods or services, please discose details of any balances outstanding between any participating members.**_ |**Description/name of party**|**Balance held atperiod end**|**Balance held atperiod end**| |---|---|---| ||**Thisyear**|**Lastyear**| ||**£**|**£**| ||-|-| ||-|-| ||-|-| ||-|-| ||-|-| |**Total**|-|-| Hockliffe Street Baptist Church Accounts for 2022 18 of 52 13/10/2023 14:59 ## **Section C Notes to the accounts (cont)** ## **Note 9 Support Costs** ## _**Please complete this note if the charity has analysed its expenses using activity categories and has support costs.**_ |**Support cost**
**(examples)**|**Raising funds**
**£**|**Activity 1**
**£**|**Activity 2**
**£**|**Activity 3**
**£**|**Grand total**
**£**|**Basis of**
**allocation**| |---|---|---|---|---|---|---| |||||||**(Describe**
**method)**| |Governance|-|-||-|-|| ||-|-||-|-|| ||-|-||-|-|| ||-|-||-|-|| |Other|-|-||-|-|| |**Total**|-|-||-|-|| _**Please provide details of the accounting policy adopted for the apportionment of costs between activities and any estimation techniques used to calculate their apportionment.**_ Hockliffe Street Baptist Church Accounts for 2022 19 of 52 13/10/2023 14:59 **Section C Notes to the accounts (cont)** ## **Note 10 Details of certain items of expenditure** ## **10.1 Fees for examination of the accounts** _**Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).**_ |**_Please provide details of the amount paid for any statutory external scrutiny of_**
**_accounts and other services provided by your independent examiner. If nothing_**
**_was paid please enter '0' in the appropriate box(es)._**||| |---|---|---| |**Other fees (for example: financial advice, consultancy, accountancy services) paid**
**to the independent examiner**
**Independent examiner’s fees**
**Assurance services other than audit or independent examination**
**Tax advisory fees**|**This year**
**£**|**Last year**
**£**| ||1100|1100| ||0|0| ||0|0| ||0|0| Hockliffe Street Baptist Church Accounts for 2022 20 of 52 13/10/2023 14:59 ## **Section C Notes to the accounts (cont)** ## **Note 11 Paid employees** ## _**Please complete this note if the charity has any employees.**_ ## **11.1 Staff Costs** **Salaries and wages Social security costs Pension costs (defined contribution scheme) Other employee benefits** |**Total staff costs**|**This year**
**£**|**Last year**
**£**| |---|---|---| ||127,315|125,373| ||4,526|5,010| ||9,100|8,923| ||4,149|2,898| ||145,090|142,204| **Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party** Not applicable _**Please give details of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter 'true' in the box provided.**_ **No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000** TRUE |**Band**|**Number of employees**| |---|---| |**£60,000 to £69,999**|None| |**£70,000 to £79,999**|None| |**£80,000 to £89,999**|None| |**£90,000 to £99,999**|None| |**£100,000 to £109,999**|None| ||| ||| ||| **Please provide the total amount paid to key management personnel (includes trustees and senior management) for their services to the charity** P.R. Chilvers: £39409 T. Mills: £27274 Total: £66683 ## **11.2 Average head count in the year** **This year Last year Number Number** Hockliffe Street Baptist Church Accounts for 2022 21 of 52 13/10/2023 14:59 **The parts of the charity in which the employees work** |**Fundraising**|-|-| |---|---|---| |**Charitable Activities**||3| |**Governance**|-|-| |**Administration**||2| |**Total**|-|5| **11.3 Ex-gratia payments to employees and others (excluding trustees)** _**Please complete if an ex-gratia payment is made.**_ **Please explain the nature of the payment** **Please state the legal authority or reason for making the payment** **Please state the amount of the payment (or value of any waiver of a right to an asset)** ## **11.4 Redundancy payments** _**Please complete if any redundancy or termination payment is made in the period.**_ **Total amount of payment** **The nature of the payment (cash, asset etc.)** **The extent of redundancy funding at the balance sheet date** **Please state the accounting policy for any redundancy or termination payments** Hockliffe Street Baptist Church Accounts for 2022 22 of 52 13/10/2023 14:59 **Section C Notes to the accounts (cont)** **Note 12 Defined contribution pension scheme or defined benefit scheme accounted for as a defined contribution scheme.** ## _**12.1 Please complete this note if a defined contribution pension scheme is operated.**_ **Amount of contributions recognised in the SOFA as an expense** ## £9,100 **Please explain the basis for allocating the liability and expense of defined contribution pension scheme between activities and between restricted and unrestricted funds.** There is no liability at 31 December 2022 The expense has been wholly allocated to unrestricted funds due to the negligible activity on restricted funds. _**12.2 Please complete this section where the charity participates in a defined benefit pension plan but is unable to ascertain its share of the underlying assets and liabilities.**_ **Please confirm that altough the scheme is accounted for as a defined contribution plan, it is a defined benefit plan.** **Please provide such information as is available about the plan's surplus or deficit and the implications, if any, for the reporting charity** _**12.3 Please complete this section where the charity participates in a multi-employer defined benefit pension plan that is accounted for as a defined contribution plan.**_ **Describe the extent to which the charity can be liable to the plan for other entities' obligations under the terms and conditions of the multi-employer plan** Hockliffe Street Baptist Church Accounts for 2022 23 of 52 13/10/2023 14:59 ## **Section C Notes to the accounts (cont)** ## **Note 13 Grantmaking** ## _**Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.**_ ## **13.1 Analysis of grants paid (included in cost of charitable activities)** |**Analysis**|**Grants to**
**institutions**|**Grants to**
**individuals**|**Support costs**|**Total**| |---|---|---|---|---| ||||**£**|**£**| |Activities advancingthe Christian faith|25,075|550|nil|25,625| ||||-|-| ||||-|-| |**_Total_**|**25,075**|**550**|**nil**|**25,625**| ## _**Please enter “Nil” if the charity does not identify and/or allocate support costs.**_ ## **13.2 Grants made to institutions** |**_My charity has made grants to particular institutions that are material in_**
**_the context of its grantmaking. Details of the institution supported,_**
**_purpose of the grant and total paid to each institution is available on the_**
**_charity's web site._**|**_My charity has made grants to particular institutions that are material in_**
**_the context of its grantmaking. Details of the institution supported,_**
**_purpose of the grant and total paid to each institution is available on the_**
**_charity's web site._**||**_Please provide_**
**_details of charity's_**
**_URL._**| |---|---|---|---| |||**_No_**|**_Provide details_**
**_below_**| ||||| |**Names of institution**|**Purpose**||**Total amount of**
**grantspaid £**| |Arab Baptist Churches in Israel (via Baptist Twinning
Association, registered charityno. 1100407)|Support of Christian work in Israel||1,540| |Baptist Missionary Society (Registered charity no.
1174364)|General support of worldwide Christian
mission work and relief.||5,000| |Baptist Union of Great Britain (Registered charity no.
1125912)|Support of Christian work within the UK.||4,800| |Community Action Romania (Registered charity no.
1062573)|Support of Christian work in Romania.||4,685| |Serving in Mission (Registered charity no. 219763)|Support of Christian work in the Middle
East.||1,400| |New Directions Counselling Service|Support for local Counselling Service.||500| |United Christian Church of Dubai|Support of Christian work in United Arab
Emirates.||1,000| |Emmanuel International (Registered charity no. 289036)|Support of Christian-based Public Health
and Sanitationprojects.||5,650| |Latin Link|Support of youth work overseas||500| Hockliffe Street Baptist Church Accounts for 2022 24 of 53 13/10/2023 14:59 |**_TOTAL GRANTS PAID_**
**_Other unanalysed grants (none over £500)_**
**_Total grants to institutions in reporting period_**|**25,075**| |---|---| ||-| ||**25,075**| Hockliffe Street Baptist Church Accounts for 2022 25 of 53 13/10/2023 14:59 ## **Section C Notes to the accounts (cont)** ## **Note 14 Tangible fixed assets** ## _**Please complete this note if the charity has any tangible fixed assets**_ ## **14.1 Cost or valuation** |At the beginning of
the year
Additions
Revaluations
Disposals
Transfers *
At end of the year|**Freehold land**
**& buildings**
**£**|**Other land &**
**buildings**
**£**|**Pipe Organ**
**£**|**Fixtures,**
**fittings and**
**equipment**
**£**|**Total**
**£**| |---|---|---|---|---|---| ||1,283,715|-|85,000|91,534|1,460,249| ||-|-|-|2,871|2,871| ||-|-|-|-|-| ||-|-|-|- 26,119|- 26,119| ||-|-|-|-|-| ||1,283,715|-|85,000|68,286|1,437,001| ## **14.2 Depreciation and impairments** |****Basis**
**** Rate**
At beginning of the
year
Disposals
Depreciation
Impairment
Transfers*
At end of the year
Net book value at the
beginning of the year
**14.3 Net book value**|SL|SL or RB|SL|SL|SL|Straight Line
("SL") or
Reducing
Balance
("RB")| |---|---|---|---|---|---|---| ||
1%||5%|15% - 33%||| ||270,791 - 85,000 70,420 426,211
- - - - 26,119 - 26,119
12,737 - - 6,484 19,221
- - - - -
- - - - -
283,528 - 85,000 50,785 419,313
1,012,924 - - 21,114 1,034,038|||||| ||1,012,924|-|-|21,114|1,034,038|| Hockliffe Street Baptist Church Accounts for 2022 26 of 52 13/10/2023 14:59 Net book value at the 1,000,187 - - 17,501 1,017,688 end of the year **14.4 Impairment** _**Please provide a description of the events and circumstances that led to the recognition or**_ **Not applicable** _**reversal of an impairment loss.**_ ## **14.5 Revaluation** _**If an accounting policy of revaluation is adopted, please provide:**_ _**the effective date of the revaluation**_ _**the name of independent valuer, if applicable**_ _**the methods applied and significant assumptions the carrying amount that would have been recognised had the assets been carried under the cost model.**_ ## **14.6 Other disclosures** _**(i) Please state the amount of borrowing costs, if any, capitalised in the construction of tangible None fixed assets and the capitalisation rate used. (ii) Please provide the amount of contractual commitments for the acquisition of tangible None fixed assets. (iii) Details of the existence and carrying amounts of property, plant and equipment to None which the charity has restricted title or that are pledged as security for liabilities.**_ _* The "transfers" row is for movements between fixed asset categories._ _** Please indicate the method of depreciation by deleting the method not applicable (SL = straight_ Hockliffe Street Baptist Church Accounts for 2022 27 of 52 13/10/2023 14:59 ## **Section C Notes to the accounts (cont)** ## **Note 15 Intangible assets** ## _**Please complete this note if the charity has any intangible assets**_ **15.1 Cost or valuation** |At beginning of the
year
Additions
Disposals
Revaluations
Transfers *
At end of the year|**Research &**
**development**
**£**|**Patents and**
**trademarks**
**£**|**Other**
**£**|**Total**
**£**| |---|---|---|---|---| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ## **15.2 Amortisation and impairments** |****Basis**
**** Rate**
At beginning of the
year
Disposals
Amortisation
Impairment
Transfers*
At end of year|SL or RB|SL or RB|SL or RB|SL or RB|Straight Line
("SL") or
Reducing
Balance
("RB")| |---|---|---|---|---|---| ||||||| ||- - - -
- - - -
- - - -
- - - -
- - - -
- - - -||||| ||-|-|-|-|| ||-|-|-|-|| ||-|-|-|-|| ||-|-|-|-|| ||-|-|-|-|| ||-|-|-|-|| Hockliffe Street Baptist Church Accounts for 2022 28 of 52 13/10/2023 14:59 ## **15.3 Net book value** |Nat book value at the
beginning of the year
Net book value at the
end of the year|-|-|-|-| |---|---|---|---|---| ||-|-|-|-| ## **15.4 Accounting policy** _**Please disclose the accounting policy for intangible fixed assets including: Reasons for choosing amortisation rates Policies for the recognition of any capital development**_ ## **15.5 Impairment** _**Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.**_ ## **15.6 Revaluation** _**If an accounting policy of revaluation is adopted, please provide:**_ _**the effective date of the revaluation**_ _**the name of independent valuer, if applicable**_ _**the methods applied**_ _**the carrying amount that would have been recognised had the assets been carried under the cost model.**_ Hockliffe Street Baptist Church Accounts for 2022 29 of 52 13/10/2023 14:59 ## **15.7 Other disclosures** _**(i) If your intangible asset was acquired by way of grant, provide value on initial recognition and carrying amount of the asset.**_ _**(ii) Details of the carrying amounts of any intangible assets to which the charity has restricted title or that are pledged as security for liabilities.**_ _**(iii) Please provide the amount of contractual commitments for the acquisition of intangible assets.**_ _**(iv) State the amount of research and development expenditure recognised as expenditure in the year.**_ _**(vi) Please detail the headings in the SOFA in which a charge for amortisation of intangible assets is included.**_ _**(vii) For any material intangible assets, please provide a description, its carrying amount and any remaining amortisation period.**_ _* The "transfers" row is for movements between fixed asset categories. ** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction._ Hockliffe Street Baptist Church Accounts for 2022 30 of 52 13/10/2023 14:59 ## **Section C Notes to the accounts (cont)** ## **Note 16 Heritage assets** ## _**Please complete this note if the charity has heritage assets**_ ## **16.1 General disclosures for all charities holding heritage assets** **(i) Explain the nature and scale of heritage assets held. (ii) Explain the policy for the acquisition, preservation, management and disposal of heritage assets.** ## **16.2 Cost or valuation** |At beginning of the year
Additions
Disposals
Revaluations
Transfers *
At end of the year
****Basis**
**** Rate**
At beginning of the year
Disposals
Depreciation
Impairment
Transfers*
At end of year
**16.3 Depreciation and impairments**|**Heritage asset**
**1**
**£**|
**Heritage asset**
**2**
**£**|
**Heritage asset**
**3**
**£**|
**Heritage asset**
**4**
**£**|
**Total**
**£**|
**Total**
**£**| |---|---|---|---|---|---|---| ||-|-|-|-|-|| ||-|-|-|-|-|| ||-|-|-|-|-|| ||-|-|-|-|-|| ||-|-|-|-|-|| ||-|-|-|-|-|| |||||||Straight Line
("SL") or
Reducing
Balance| |||||||| ||- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -|||||| ||-|-|-|-|-|| ||-|-|-|-|-|| ||-|-|-|-|-|| ||-|-|-|-|-|| ||-|-|-|-|-|| ||-|-|-|-|-|| ## **16.4 Net book value** |Nat book value at the beginning of the
year|-|-|-|-|-| |---|---|---|---|---|---| Hockliffe Street Baptist Church Accounts for 2022 31 of 53 13/10/2023 14:59 Net book value at the end of the year - - - - - ## **16.5 Impairment** _**Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.**_ ## **16.6 Revaluation** _**If an accounting policy of revaluation is adopted, please provide:**_ _**the effective date of the revaluation the name of independent valuer, if applicable qualifications of independent valuer the methods applied and significant assumptions any significant limitations on the valuation**_ ## **16.7 Analysis of heritage assets by class or group distinguishing those at cost and those at valuation** |Carrying amount at the beginning of the
period
Additions
Disposals
Depreciation/impairment
Revaluation
Carrying amount at the end of period|**At valuation**
**Group A**
**£**|**At cost Group**
**B**
**£**|**Total**
**£**| |---|---|---|---| ||-|-|-| ||-|-|-| ||-|-|-| ||-|-|-| ||-|-|-| ||-|-|-| ## **16.8 Heritage assets (where heritage assets are not recoignised on the balance sheet)** **(i) Explain the reason why heritage assets have not been recognised on the balance sheet.** **(ii) Describe the significance and nature of heritage assets.** Hockliffe Street Baptist Church Accounts for 2022 32 of 53 13/10/2023 14:59 **(iii) Disclose information that is helpful in assessing the value of heritage assets. (iv) Explain the reason why it is not practicable to obtain a valuation of heritage assets.** Hockliffe Street Baptist Church Accounts for 2022 33 of 53 13/10/2023 14:59 **16.9 Five year summary of heritage assets transactions** ||**2018**|**2017**|**2016**|**2015**|**2014**| |---|---|---|---|---|---| ||**£**|**£**|**£**|**£**|**£**| |**Purchases**
Group A
Group B
Group C
Other
**Donations**
Group A
Group B
Group C
Other
**Total additions**
**Charge for impairment**
Group A
Group B
Group C
Other
**Total charge for impairment**
**Disposals**
Group A - carrying amount
Group B - carrying amount
Group C
Other
**Total disposals**|||||| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||**-**|**-**|**-**|**-**|**-**| ||||||| ||||||| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||**-**|**-**|**-**|**-**|**-**| ||||||| ||||||| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||**-**|**-**|**-**|**-**|**-**| Hockliffe Street Baptist Church Accounts for 2022 34 of 53 13/10/2023 14:59 ## **Section C Notes to the accounts (cont)** ## **Note 17 Investment assets** _**Please complete this note if the charity has any investment assets.**_ ## **17.1 Fixed assets investments (please provide for each class of investment)** |Carrying (fair) value at beginning of
period
**Add:**additions to investments during
period*
**Less:**disposals at carrying value
**Less: impairments**
**Add: Reversal of impairments**
**Add/(deduct):**transfer in/(out) in the
period
**Add/(deduct):**net gain/(loss) on
revaluation
Carrying (fair) value at end of year|**Cash & cash**
**equivalents**|
**Listed**
**investments**|**Investment**
**properties**|**Social**
**investments**|**Other**|**Total**| |---|---|---|---|---|---|---| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ***Please specify additions resulting from acquisitions through business combinations, if any.** _**Please note that Fair Value in this context is the amount for which an asset could be exchanged between knowlegable and willing parties in an arm's length transaction. For traded securities, the fair value is the value of the security quoted on the London Stock Exchange Daily Official List or equivalent. For other assets where there is no market price on a traded market, it is the trustees' or valuers' best estimate of fair value.**_ ## **17.2 Please provide a breakdown of investments shown above agreeing with the balance sheet row B04 differentiating between those held at fair value and those held at cost less impairment.** |**Analysis of investments**
**Cash or cash equivalents**
**Investment properties**
**Social investments**
**Listed investments**||| |---|---|---| ||**Fair value at year end**|**Cost less impairment**| ||**£**|**£**| ||-|-| ||-|-| ||-|-| ||-|-| Hockliffe Street Baptist Church Accounts for 2022 35 of 54 13/10/2023 14:59 ## **Other investments** ## **Total** ## **Grand total (Fair value at year end+Cost less impairment)** |-|-|| |---|---|---| |-|-|| |||| Hockliffe Street Baptist Church Accounts for 2022 36 of 54 13/10/2023 14:59 ## **17.3 If your charity holds investment properties, please complete the following note:** **(i) Explain the methods and significant assumptions in determining the fair value of investment property held by the charity (ii) Name or independent valuer, if applicable, and relevant qualifications** **(iii) Provide details of any restrictions on the ability to realise investment property or on the remittance of income or disposal proceeds** **(iv) Explain any contractual obligations for the purchase, construction or development of investment property or for repairs, maintenance or enhancements** **17.4 Please provide a breakdown of current asset investments, if applicable, agreeing with the balance sheet.** |**Analysis of current asset**
**investments**
**Cash or cash equivalents**
**Investment properties**
**Social investments**
**Listed investments**
**Other investments**
**Total**|**This year**|**Last year**| |---|---|---| ||**£**|**£**| ||-|-| ||-|-| ||-|-| ||-|-| ||-|-| ||-|-| |||| ## **17.5 Guarantees** **Please provide details and amount of any guarantee made to or on behalf of a third party** **Name of the entity or entities benefitting from those guarantees** **Please explain how the guarantee furthers the charity's aims** Hockliffe Street Baptist Church Accounts for 2022 37 of 54 13/10/2023 14:59 |**Amount of concessionary loans received****_(Multiple_**
**_loans received may be disclosed in aggregate_**
**_provided that such aggregation does not obsure_**
**_significant information)._**
**Amounts receivable after more than 1 year**
**Amounts payable after more than 1 year**
**Amounts receivable within 1 year**
**Terms and conditions eg interest rate, security**
**provided**
**Value of any concessionary loans which have**
**been committed but not taken up at the reporting**
**date**
**Amounts payable within 1 year**
**17.6 Concessionary loans**
**Amount of concessionary loans made (****_Multiple_**
**_loans made may be disclosed in aggregate provided_**
**_that such aggregation does not obsure significant_**
**_information_ ).**|||| |---|---|---|---| ||**_Description_**|**This year £**|**Last year £**| ||||| ||||| ||||| ||||| ||**_Total_**||| ||||| ||**_Description_**|**This year £**|**Last year £**| ||||| ||||| ||||| ||**_Total_**||| ||||| ||||| ||||| ||||| ||||| ||||| ## **17.7 Additional information** **Please provide information about the significance of investments to the charity's financial position or performance eg. terms and conditions of loans or the use of hedging to manage financial risk.** **For all investments measured at fair value, the basis for determining the value, including any assumptions applied when using a valuation technique.** Hockliffe Street Baptist Church Accounts for 2022 38 of 54 13/10/2023 14:59 **Where a charity has provided financial assets as a form of security, the carrying amount of the financial asset pledged as security and the terms and conditions relating to its pledge.** Hockliffe Street Baptist Church Accounts for 2022 39 of 54 13/10/2023 14:59 **Section C Notes to the accounts (cont)** ## **Note 18 Stocks** ## _**Please complete this note if the charity holds any stock items**_ ## **18.1 Please state the carrying amount of stock and work in progress analysed between activities.** |**Charitable activities:**
**_Opening_**
**_Added in period_**
**_Expensed in period_**
**_Impaired_**
**_Closing_**
**Other trading activities:**
**_Opening_**
**_Added in period_**
**_Expensed in period_**
**_Impaired_**
**_Closing_**
**Other:**
**_Opening_**
**_Added in period_**
**_Expensed in period_**
**_Impaired_**
**_Closing_**
**Total this year**
**_Total previous year_**|**Stock**|**Stock**|**Donated goods**|**Donated goods**|**Work in**
**progress**| |---|---|---|---|---|---| ||**For**
**distribution**|**For resale**|**For**
**distribution**|**For resale**|| ||**£**|**£**|**£**|**£**|**£**| ||||||| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||**-**|**-**|**-**|**-**|**-**| ||||||| ||||||| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||**-**|**-**|**-**|**-**|**-**| ||||||| ||||||| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||**-**|**-**|**-**|**-**|**-**| ||-|-|-|-|-| ||-|-|-|-|-| Hockliffe Street Baptist Church Accounts for 2022 40 of 52 13/10/2023 14:59 **18.2 Please specify the carrying amount of any stocks pledged as security for liabilities** Hockliffe Street Baptist Church Accounts for 2022 41 of 52 13/10/2023 14:59 ## **Section C Notes to the accounts (cont)** ## **Note 19 Debtors and prepayments** ## _**Please complete this note if the charity has any debtors or prepayments.**_ ## **19.1 Analysis of debtors** **Trade debtors Prepayments and accrued income Other debtors (Gift Aid Recoverable)** **Total** |**This year**
**£**|**Last year**
**£**| |---|---| |-|-| |-|-| |9,618|
7,777| |1,376|
674| |10,994|8,451| ## _**Please complete 19.2 where a material debtor is recoverable more than a year after the reporting date.**_ ## **19.2 Analysis of debtors recoverable in more than 1 year (included in debtors above)** |**Trade debtors**
**Prepayments and accrued income**
**Other debtors**
**Total**|**This year**
**£**|**Last year**
**£**| |---|---|---| ||-|-| ||-|-| ||-|-| ||-|-| ||-|-| Hockliffe Street Baptist Church Accounts for 2022 42 of 52 13/10/2023 14:59 ## **Section C Notes to the accounts (cont)** ## **Note 20 Creditors and accruals** _**Please complete this note if the charity has any creditors or accruals.**_ ## **20.1 Analysis of creditors** |**Accruals for grants payable**
**Bank loans and overdrafts**
**Trade creditors**
**Payments received on account for contracts or**
**performance-related grants**
**Accruals and deferred income**
**Taxation and social security**
**Other creditors**
**Total**|**Amounts falling due**
**within oneyear**|**Amounts falling due**
**within oneyear**|**Amounts falling due after**
**more than oneyear**|**Amounts falling due after**
**more than oneyear**| |---|---|---|---|---| ||**This year**
**£**|**Last year**
**£**|**This year**
**£**|**Last year**
**£**| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||3,681|2,295|-|-| ||-|-|-|-| ||-|-|-|-| ||3,681|2,295|-|-| ## **20.2 Deferred income** _**Please complete this note if the charity has deferred income.**_ ## _**Please explain the reasons why income is deferred.**_ |**_Movement in deferred income account_**
**Balance at the start of the reporting period**
**Amounts added in current period**
**Amounts released to income from previous periods**
**Balance at the end of the reporting period**|**This year**
**£**|**Last year**
**£**| |---|---|---| ||-|-| ||-|-| ||-|-| ||-|-| Hockliffe Street Baptist Church Accounts for 2022 43 of 52 13/10/2023 14:59 ## **Section C Notes to the accounts (cont)** ## **Note 21 Provisions for liabilities and charges** _**Please complete this note if you have included in charity expenditure any provisions. A provision is made when the charity has a liability of uncertain timing or amount.**_ **21.1 Please provide: - a brief description of any obligations on the balance sheet and the expected amount and timing of resulting payments; - an indication of the uncertainties about the amount or timing of those outflows; and - the amount of any expected reimbursement, stating the amount of any asset that has been recognised for that expected reimbursement.** ## **21.2 Movements in recognised provisions and funding commitment during the period** **----- Start of picture text -----**
This year Last year
£ £
- -
Balance at the start of the reporting period
- -
Amounts added in current period
- -
Amounts charged against the provision in the current period
- -
Unused amounts reversed during the period
Balance at the end of the reporting period - -
**----- End of picture text -----**
**21.3 For any funding commitment that is not recognised as a liability or provision, provide details of commitment made, the time frame of that commitment, any performance-related conditions and details of how the commitment will be funded (with contracts for capital expenditure separately identified).** **21.4 Where unrestricted funds have been designated to a fund commitment, please disclose the nature of any amounts designated and the likely timing of that expenditure.** Hockliffe Street Baptist Church Accounts for 2022 44 of 52 13/10/2023 14:59 **Section C Notes to the accounts (cont)** ## **Note 22 Other disclosures for debtors, creditors and other basic financial instruments** **22.1 Please provide information about the significance of financial instruments (eg. debtors, creditors, investments etc) to the charity's financial position or performance, for example, the terms and conditions of loans or the use of hedging to manage financial risk.** **22.2 If the charity has provided financial assets as a form of security, the carrying amount of the financial assets pledged as security and the terms and conitions related to its pledge should be given here.** Hockliffe Street Baptist Church Accounts for 2022 45 of 52 13/10/2023 14:59 ## **Section C Notes to the accounts (cont)** ## **Note 23 Contingent liabilities and contingent assets** ## **23.1 Contingent liabilities** **Where the charity has contingent liabililities, please complete the following section unless the possibility of their existence is remote.** |**their existence is remote.**|| |---|---| |**Description of item including its legal nature. Please**
**describe any security provided in connection to the**
**liability.**|**Estimate of financial effect**| ||| ||| ||| ||| ## **23.2 Contingent assets** ## **Where the charity has contingent assets, please complete the following section when their existence is probable** **Description of item Estimate of financial effect** **23.4 Other disclosures for contingent assets and/or liabilities Please provide the following information where practicable:** **Explain any uncertainties relating to the amount or timing of settlement; and the possibilty of any reimbursement Where it is not practical to make one or more of these disclosures, please state this fact** Hockliffe Street Baptist Church Accounts for 2022 46 of 52 13/10/2023 14:59 ## **Section C Notes to the accounts (cont)** ## **Note 24 Cash at bank and in hand** |**Note 24 Cash at bank and in hand**||| |---|---|---| |**Other**
**Cash at bank and on hand**
**Total**
**Short term cash investments (less than 3 months maturity date)**
**Short term deposits**|**This year**
**£**|**Last year**
**£**| |||-| ||214,921
186,798
12,586
5,569|| ||-|-| ||227,507|192,367| Hockliffe Street Baptist Church Accounts for 2022 47 of 52 13/10/2023 14:59 ## **Section C Notes to the accounts (cont)** ## **Note 25 Fair value of assets and liabilities** **25.1 Please provide details of the charity's exposure to credit risk (the risk of incurring a loss due to a debtor not paying what is owed) , liquidity risk (the risk of not being able to meet short term financial demands) and market risk** Not applicable **(the risk that the value of an investment will fall due to changes in the market) arising from financial instruments to which the charity is exposed at the end of the reporting period and explain how the charity manages those risks. 25.2 Please give details of the amount of change in the fair value of basic financial instruments (debtors, creditors, investments (see section 11, FRS 102 SORP)) measured at** Not applicable **fair value through the SoFA that is attributable to changes in credit risk.** Hockliffe Street Baptist Church Accounts for 2022 48 of 52 13/10/2023 14:59 ## **Section C Notes to the accounts (cont)** ## **Note 26 Events after the end of the reporting period** _**Please complete this note events (not requiring adjustment to the accounts) have occurred after the end of the reporting period but before the accounts are authorised which relate to conditions that arose after the end of the reporting period.**_ **Please provide details of the nature of the event** **Provide an estimate of the financial effect of the event or a statement that such an estimate cannot be made** None Not applicable Hockliffe Street Baptist Church Accounts for 2022 49 of 52 13/10/2023 14:59 ## **Section C Notes to the accounts (cont)** ## **Note 27 Charity funds** ## **27.1 Details of material funds held and movements during the CURRENT reporting period** _**Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the blanace sheet.**_ _*** Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds**_ |**_funds_**||||||||| |---|---|---|---|---|---|---|---|---| |**Fund names**|**Type PE, EE**
**R or UR ***|**Purpose and Restrictions**|**Fund**
**balances**
**brought**
**forward**
**£**|**Income**
**£**|**Expenditure**
**£**|**Transfers**
**£**|**Gains and**
**losses**
**£**|**Fund**
**balances**
**carried**
**forward**
**£**| |General|UR||1,198,354|253,826|(254,286)|||1,197,894| |||||||||-| |Building|R||1,975|2,610||||4,585| |||||||||-| |Welfare|R||13,065|750|(3,453)|||10,362| |Toddlers|R|||||||-| |Open Door|R||131|||||131| |Restricted income|R||19,000|21,775|(1,275)|||39,500| |Replant|R||36|||||36| |Revaluation Reserve|UR|||||||-| |**_Other funds_**|**N/a**|**N/a**||||||-| |**Total Funds**|||1,232,561|278,961|(259,014)|-|-|1,252,508| Hockliffe Street Baptist Church Accounts for 2022 50 of 52 13/10/2023 14:59 ## **Section C Notes to the accounts (cont)** ## **Note 27 Charity funds (cont)** ## **27.2 Details of material funds held and movements during the PREVIOUS reporting period** _**Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the blanace sheet.**_ _*** Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds**_ |**_funds_**||||||||| |---|---|---|---|---|---|---|---|---| |**Fund names**|**Type PE, EE**
**R or UR ***|**Purpose and Restrictions**|**Fund**
**balances**
**brought**
**forward**
**£**|**Income**
**£**|**Expenditure**
**£**|**Transfers**
**£**|**Gains and**
**losses**
**£**|**Fund**
**balances**
**carried**
**forward**
**£**| |General|UR||1,211,216|241,687|(254,549)|-|-|1,198,354| ||||-|-|-|-|-|-| |Building|R||-|2,623|(648)|-|-|1,975| ||||-|-|-|-|-|-| |Welfare|R||13,065|-|-|-|-|13,065| |Toddlers|R||-|-|-|-|-|-| |Open Door|R||131|-|-|-|-|131| |Restricted Income|R||18,250|750|-|-|-|19,000| |Replant|||36|-|-|-|-|36| |Revaluation Reserve|UR||-|-|-|-|-|-| |**_Other funds_**|**N/a**|**N/a**|-|-|-|-|-|-| |**Total Funds**|||1,242,698|245,060|(255,197)|-|-|1,232,561| Hockliffe Street Baptist Church Accounts for 2022 51 of 52 13/10/2023 14:59 **Section C Notes to the accounts (cont)** ## **Note 27 Charity funds (cont)** ## **27.3 Transfers between funds** ||**Reason for transfer and where endowment is converted to income,**
**legalpower for its conversion**|**Amount**| |---|---|---| |Between unrestricted and
restricted funds||| |Between endowment and
restricted funds||| |Between endowment and
unrestricted funds||| |||| ## **27.4 Designated funds** |**27.4 Designated funds**||| |---|---|---| |**Planned use**|**Purpose of the designation**|**Amount**| |Replant|_For use in establishing a new church in the east side of Leighton_
_Buzzard_|16,693| |Ministerial|For costs of employing a further minister or to be used for other costs as
deemed applicable by trustees|50,000| |Short Term Mission|To support some of our young people who may wish to go on short term
mission work, either overseas or in the UK.|500| |||| |||| Hockliffe Street Baptist Church Accounts for 2022 52 of 52 13/10/2023 14:59 Independent examiner's report on the accounts CHARITY COMMISSION FOR ENGLAND AND WALES Section A Independent Examinerfs Report Report to the trustees1 members of Charity N3me Hockliffe Street Baptist Church On accounts for the year ended 31" De￿mber 2022 Charity no {if any) 1131841 Set out on pages Irernember to include the page numbers of additional $hÈetsl Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 ("the Charities Act"} and that an independent examination is needed. It is my responsibility to.. examine the accounts under section 145 of the Charities Act, to follow the procedures laid down in the general Directions given by the Charily Commission (under seclion 145{5}Ib) of the Charities Act, and to state whether particular matters have come to my attention. Basis of independent My examination was carried oul in accordance with general Directions given examinef s statement by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair, view and the report is limited to those matters set out in the statement below. Independent In connection with my examination, no matter has come to my attention examiner's statement which gives me reasonable Cause to believe that in, any material respect, the requiremenls.. to keep accounting records in accordance with section 130 of the Charities Act,. and to prepare accounts which accord with the accounting records and comply with the accounting requiremenls of the Charities Act have not been met- or 2. to which. in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Please delete the words in the brackets if they do not apply. Signed: Date: Name: Peter M. Smith Relevant professional Chartered Certified Accounlant IER qualificationlsl or body lif any}- Address: 18D Matthew Streel Dun5table Bedfordshire LU6 1SD Section B Disclosure Only COTnplete il the examiner needs to highlight matenal problems.IE.& accounting recor(Is have not been kepl in accordance with $132 ofthe Charities, Act 2011 and those accounts do not comply wtth the requirements of the 2008 Regulationssettingoutthe fo￿ and contentof charity accounts., any aterial expenditure oraction which appea￿ notto be in accordance with thetusts olthe charity., any failure to be provided information ano explanation5 by any pastor presenttrustee, officer or eFnployee', and any mateiial consistency between theattountsand thets￿eeS, annual reporLI Give here brief details of any items that the examiner wishes to disclose. IER