These notes are for guidance only and have been prepared to help employers to complete the pensions notes required in financial accounts.

The BPS accepts no liability to any organisation for any actions taken (or not taken) as a result of these notes and cannot provide any advice as to which notes your organisation might use in preparing its accounts. It is each organisation’s responsibility to ensure that it complies with the law, taking professional advice as necessary.

The notes refer to the 2013 (BPS) and 2014 (BUSPS) scheme valuations - this is still correct but the spreadsheet will be updated shortly to reflect the most recent valuations, being 2016 for BPS and 2017 for BUSPS.

There are four versions of the guidance note below covering scenarios for employers who are:

  • only employers in the Baptist Pension Scheme
  • only employers in the Baptist Union Staff Pension Scheme
  • employers in both the Baptist Pension Scheme and the Baptist Union Staff Pension Scheme
  • employers in neither pension scheme

 Pension Notes (January 2018) - Employers in BPS only

 Pension Notes (January 2018) - Employers in BUSPS only

 Pension Notes (January 2018) - Employers in BPS and BUSPS

 Pension Notes (January 2018) - Employers in neither the BPS or the BUSPS

If your church needs to prepare its accounts in accordance with FRS102, then a separate spreadsheet and guidance notes are available below to help you calculate the required pension disclosures. 

FRS 102 Calculator

   FRS 102 - Pensions Note for Church Accounts (March 2018)

   FRS 102 - Monthly Assumptions for the Default Discount Rate and Default Increases to Minimum Pensionable    Income (MPI) (March 2018)