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2021-12-31-accounts

Charity Registration No. 1150028 Company Registration No. 08255646

ANNUAL REPORT AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

MASWELL PARK CHURCH LIMITED

(a charitable company limited by guarantee and not having a share capital)

Maswell Park Church Limited

Contents

Page
Company Information 1
Annual Report 2 ‐ 6
Report of the Independent Examiner 7 ‐ 8
Statement of Financial Activities 9
Balance Sheet 10
Note to the Financial Statements 11 ‐ 13
Detailed Income and Expenditure Account 14

Maswell Park Church Limited

Company Information For the year ended 31 December 2021

Trustees: Mr D.Ryde Mrs S.Brooks Mrs S.Hooper Registered Office: Maswell Park Church Heath Road Hounslow Middlesex TW3 2NN Company Registration Number: 08255646 (England and Wales) Charity Registration Number: 1150028 (England and Wales) Independent Examiner: Anne‐Marie Lewis 32 Craig Road London TW10 7JT

1

Maswell Park Church Limited

Annual report

For the year ended 31 December 2021

The trustees present the annual report with the financial statements of the company for the year ended 31 December 2021.

A. Aims and objectives

A. 1. Charity’s objects

The charity’s objects are, for the public benefit, to advance the Christian faith in accordance with the statement of beliefs, in Hounslow and in such other parts of the UK and the world as the Trustees may from time to time think fit. The Trustees, when considering the activities of the charity, have had regard to the guidance on public benefit produced by the Charity Commission.

A. 2. Background

Maswell Park Church began in 1927. In 2013 the church transmuted to a charitable company. This was the climax of some years spent re‐developing the building and our governance. The church continued in 2021 under the leadership of Carl Hodges, who joined in January 2018, following the retirement of the church's long‐standing church leaders.

B. Review of the year

From the church leader:

Welcome to our annual report for the year 2021.

With the continuation and development of the COVID19 pandemic, 2021 was a year that continued to be challenging, not least in terms of gathering in‐person for worship services and in engaging in other community activities. Broadly, in the first half of the year we were either in ‘lockdown’ in accordance with government directives or we felt that due to the vulnerable nature of many in our community, that gathering was not the right thing to do. And although connecting was facilitated online again, this was, on the whole, found to be a poor substitute for face‐to‐face meetings. However, some activities became increasingly possible and although marked with social distancing, masks, hand‐hygiene and place bookings, the latter part of the year moved us back towards a worshipping community again. This included a number of events that were necessary to help the church community reconnect with one another, notably a church weekend away, a BBQ, Charity quiz night and Christmas activities.

Rev Carl Hodges (Pastor)

B. 1. Church Life ‐ a summary of the year in words and numbers

Sundays

2

Maswell Park Church Limited

Annual report (continued) For the year ended 31 December 2021

B. 1. Church life (continued)

•Preaching and teaching was led by a variety of speakers, teaching on a variety of themes and subjects:

Easter Sunday and Christmas

•Sung worship covering a spectrum of styles was led by a small group of worship leaders and musicians

when in‐person and using pre‐recorded songs for online services.

•We accommodated a placement for a Theology Student from London School of Theology

•We served our community alongside other local churches with a Family Food Club providing meals for families during the summer holidays.

•We also supported a number of other organisa�ons under the banner of ‘Blessed to be a blessing’. This is a scheme to bless and support other organisations in charitable work, and individuals in specific need, with a percentage of our income, which are decided by church members and approved by the Trustees. The agreed criteria for this, states that each yearly contribution should be spread amongst organisations of various sizes; where possible (but not exclusively) to local organisations; to those with which existing church members already have a connection; and with the intent of building relationships and encouraging participation and awareness within our local communities.

Lettings

•Regular use by community organisa�ons: U3A, local councillors, QS Learning, Helen O’Grady Drama

•Occasional use by local businesses, including PGSD

3

Maswell Park Church Limited

Annual report (continued) For the year ended 31 December 2021

B. 1. Church life (continued)

Members and Volunteers

B. 2. Leadership and Management

Carl Hodges continued as pastor of Maswell Park Church. He was supported by a small leadership team, which met regularly.

David Ryde, Sarah Hooper and Sally Brooks continued as trustees.

The pastoral team continued to oversaw the church’s pastoral care, working with the church leader.

A Health and Safety Competent Person continued to oversee the church’s responsibilities in this area.

C. Financial review

The church is financially dependent on the voluntary support of members and friends.

The Statement of Financial Activities on page 9 shows income, including interest, of £43,563 (2020: £51,231) and expenditure of £50,845 (2019: £42,445), giving rise to a deficit of £7,281 (2020: £8,786 surplus).

The drop in income from 2020 was due to relatively high income in 2020 as a result of a large one‐off legacy, although income in 2021 included £3,395 from members to fund the church weekend away. Ignoring both these one‐off income streams, the resulting underlying income increased moderately in 2021 largely due to improved lettings income and as members continue to generously support the church. However income, particularly lettings income, continues to be below pre‐Covid levels.

Expenditure rose significantly from 2020 from £42,445 to £50,845 in 2021. This is largely due to the growth in the ‘Blessed to be a Blessing’ donations that the church has recently adopted (see above), as well as the cost of the weekend away which was funded by extra member giving (see above). Light and heat costs started to rise in 2021 and will continue to do so in 2022 following the global rise in energy costs, although the church was able to fix a rate early in 2022 before the rates rose to their maximum. It is not anticipated that inflation will have too much an impact as the majority of the other costs are salary costs.

The bank balance as at 31st December 2021 was £50,825.

4

Maswell Park Church Limited

Annual report (continued)

For the year ended 31 December 2021

C. Financial review (continued)

With these cost and income pressures, it is anticipated that the church will return a deficit again in 2022. However this will be funded by the significant reserves the church has built up, and the trustees continue to look at ways to bring the church back to a break‐even position in the future, including opportunities to increase the lettings income. The trustees therefore believe that the church’s resources are adequate to ensure the church continues as a going concern for the foreseeable future.

D. Structure, governance and management

The church operates primarily, but not exclusively, in the London Borough of Hounslow and employs a remunerated full‐time leader, Carl Hodges, supported by a Leadership Team and Trustees.

The Leadership Team are responsible for the vision of the church and the pastoral care of the members. The Trustees help facilitate the vision.

Governing document: MEMORANDUM AND ARTICLES OF ASSOCIATION OF MASWELL PARK CHURCH.

Trustees (who must be company members) may be appointed by a resolution of the company members.

Board meetings are held at least four times each year.

General meetings for company members are held at least three times each year.

E. Risk management

Statement on the impact of COVID‐19

The trustees have continued to monitor and assess government guidance, and the resumption of physical gatherings has been accompanied by risk assessments and the approval of the trustees.

The trustees are monitoring income and expenditure and, if it becomes necessary, will take measures to mitigate the impact of COVID‐19 on the charity’s free reserves.

The Trustees continue to reflect on and to review a number of areas, including:

‐Financial procedures

‐GDPR

‐Health and Safety

‐Safeguarding

‐Overall Risk Management

The Trustees, when considering the activities of the charity, have had regard to the guidance on public benefit produced by the Charity Commission.

5

Maswell Park Church Limited Annual report (continued) For the year ended 31 December 2021 Statement of trustees responslbilitles The trustees are responsible for preparing the annual report and the financial statements in a¢¢ordance with applicable law and regulations. Company law required the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kin8dom Generallv Actepted Accounting Practice. Under company law the trustees must not approve the financial statements unless they are satisifed that they 8ive a true and fair view of the state of affairs of the company and of the incoming resources and application of resources of the company for that year. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently,. observe the method5 and principles in the charities SORP,. make judgements and estimates that are reasonable and prudent,. state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts, and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the that the company will continue in busines5. The trustees are responsible for keeping adequate records that are sufficient to show and explain the company'5 transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statement5 comply with the Companies Act 2C()6. They are also responsible for safeguarding the assets of the company and hence for taking reasonable step5 for the preventlon and detection of fraud and other irregularities. This report was approved by the Trustees on 21 September 2022 and signed on their behalf. It will be culated to members via email and presented at the next church meeting. Ryde Chairman of Trustees

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/
members of
On accounts for the year
ended
Set out on pages
Responsibilities and
basis of report
Independent
examiner's statement
Signed:
Name:
Relevant professional
qualification(s) or body
(if any):
Address:
 Charity Name
Maxwell Church Ltd		 Charity Name
Maxwell Church Ltd		 Charity Name
Maxwell Church Ltd
31stDecember 2021 Charity no
(if any)		 1150028
(remember to include the page numbers of additional sheets)
I report to the trustees on my examination of the accounts of the above
charity (“the Trust”) for the year ended 31/12/2021.
As the charity's trustees, you are responsible for the preparation of the
accounts in accordance with the requirements of the Charities Act 2011
(“the Act”).
I report in respect of my examination of the Trust’s accounts carried out
under section 145 of the 2011 Act and in carrying out my examination, I
have followed all the applicable Directions given by the Charity Commission
under section 145(5)(b) of the Act.
I have completed my examination. I confirm that no material matters have
come to my attention in connection with the examination (other than that
disclosed below ) which gives me cause to believe that in, any material
respect:
•
the accounting records were not kept in accordance with section 130
of the Charities Act; or
•
the accounts did not accord with the accounting records; or
•
the accounts did not comply with the applicable requirements
concerning the form and content of accounts set out in the Charities
(Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a ‘true and fair’ view which is not a matter
considered as part of an independent examination.
I have no concerns and have come across no other matters in connection
with the examination to which attention should be drawn in this report 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.
23/09/2022
Anne-marie lewis
Chartered Institute of Management Accountants
CGMA/CMA
3 South Lea Road
Bath

Oct 2018

7

IER

BA1 3RN

Section B Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of No material concerns any items that the examiner wishes to disclose .

8

Oct 2018

IER

Maswell Park Church Limited

Statement of Financial Activities

For the year ended 31 December 2021

Notes
Unrestricted
Funds
£
Income and endowments from:
Donations and legacies
33,727
Charitable activities
‐
Other trading activities
6,127
Other
‐
Total income
39,854
Expenditure on:
Activity expenses
(416)
Mission support
(4,813)
General running costs
(769)
Building expenses
(4,525)
Staff costs
2
(34,882)
Professional support
(2,000)
Total expenditure
(47,404)
Net income
3
(7,550)
Interest receivable and similar income
14
Net movement in funds
(7,536)
Total Fund brought forward 1 January
60,863
Total Funds carred forward 31 December
53,327		 Restricted
Funds
£
300
‐
‐
3,395
3,695
(3,094)
(46)
‐
(300)
‐
‐
(3,440)
255
‐
255
2,068
2,323		 Total
Funds
2021
£
34,027
‐
6,127
3,395
43,549
(3,510)
(4,859)
(769)
(4,825)
(34,882)
(2,000)
(50,845)
(7,296)
14
(7,281)
62,931
55,649		 Total
Funds
2020
£
47,142
50
3,550
343
51,085
(1,013)
(327)
(777)
(5,453)
(34,062)
(813)
(42,445)
8,640
146
8,786
54,145
62,931

All income and expenditure has arisen from continuing activities.

The company has no recognised gains or losses other than shown above.

The notes form part of these financial statements.

9

Maswell Park Church Limited Balance Sheet For the year ended 31 December 2021 Notes 31-Dec-21 31-Dec-20 Current assets Debtor5 Cash at bank and in hand 5,802 50.825 55,868 Total assets 56,627 63,912 Creditors Amount5 falling due within one year 19771 19811 Total assets less turrent liabillties 55,650 62,931 Funds Unrestricted funds Restricted funds 53,327 2,323 60,863 2,068 Total charltyfunds 55.650 62,931 The company was entitled to exemption from audit under Section 477 of the Companies Act 2CK16 for the year ended 310ecember 2021. The members have not required the company to obtain and audit of it5 financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for.. al ensuring that the company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2CKJ6 and bl preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and its surplus for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 20)6 relating to small charitable companies. he financial statements were approved by the 8oard of Trustees 0￿%￿September 2022 and signed on its If by.. (bfvJ4) R b& Chairman of Trustees io

Maswell Park Church Limited

Note to the Financial Statements For the year ended 31 December 2021

1 Accounting policies

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing the accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015); and with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

The accounts have been prepared on a going concern basis, as there is no material uncertainty over the company's ability to continue. Based on the adequacy of the company's reserves as at the balance sheet date, along with their knowledge of the company's ability to meet payments and liabilities as they fall due, the trustees have a reasonable expectation that the company has sufficient resources to continue in existence for the forseeable future.

Income

Donated income is recognised in the Statement of Financial Activities when received by the company. Legacies and other income are accounted for when the company becomes entitled to the income.

Income received in circumstances where a claim for repayment of tax has been made to HM Revenue & Customs, is grossed up for the tax recoverable. Any amount of tax reclaimed not yet recevied is shown within debtors.

Funds

Unrestricted funds are donations and other income received or generated for the objects of the company without specified purpose and are available for purposes as directed by the trustees. Restricted funds are amounts received where the donor has specified the purpose for which it should be used.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category.

Taxation

The company is a registered charity and is exempt from taxation under the Income and Corporation Taxes Acts.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks and other short‐term liquid investments with original maturities of three months or less.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

11

Maswell Park Church Limited

Note to the Financial Statements

For the year ended 31 December 2021

1 Accounting policies (continued)

Financial Instruments (continued)

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets and liabilities

Basic financial assets and liabilities, which include debtors, cash and bank balances and creditors, are measured at transaction price including transaction costs.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non‐current liabilities.

Cashflow statement

The company has taken advantage of the exemption provided by FRS 102 for small companies and has not prepared a Statement of Cash Flows.

2 Staff costs

Wages and salaries
Social security costs
Other staff costs		 2021
£
33,945
‐
937
34,882		 2020
£
33,664
‐
398
34,062

There were no employees who received benefits exceeding £60,000 during the year (2020: nil).

The average number of employees during the year was as follows:

Net income
Net income is stated after charging:
Independent examination		 2021
2
2021
£
200		 2020
2
2020
£
185

3 Net income

None of the trustees received any remuneration or expense reimbursement during the year (2020: £nil).

12

Maswell Park Church Limited

Note to the Financial Statements For the year ended 31 December 2021

4 Taxation

No liability to UK corporation tax arose on ordinary activites for the year ended 31 December 2021 (2020: £nil)

5 Debtors

5 Debtors
Accounts receivable
Less: bad debt provision
Other debtors
6 Creditors: amounts falling due within one year
Accruals		 31‐Dec‐21
£
685
(685)
5,802
5,802
31‐Dec‐21
£
977
977		 31‐Dec‐20
£
1,346
‐
6,698
8,044
31‐Dec‐20
£
981
981

7 Restricted funds

UK homeless projects
TEAR Fund
Refugees charity
Children/Young Peoples fund
Church weekend
Other		 £
£
£
£
1,149
‐
‐
1,149
20
‐
‐
20
26
‐
(26)
‐
658
‐
‐
658
‐
3,395
(3,094)
301
215
300
(320)
195
Balance at 31
December
2021
Incoming
resources
Outgoing
resources
Balance at 1
January 2021
2,068
3,695
(3,440)
2,323

8 Related party transactions

There have been no related party transactions during the year that require disclosure.

13

Maswell Park Church Limited

Detailed Income and Expenditure account For the year ended 31 December 2021

Turnover
Covenants & other member giving
Other donations
Lettings
CYP income
Other income
Income raised for mission
Gift Aid income
Other income
Deposit account interest
Expenditure
Wages
Other staff costs
Rates and water
Light and heat
Activity expense
Church weekend away
Visiting speaker expenses
Overseas aid giving
Other giving
CYP Group expenses
TV license
Telephone and broadband
Advertising
Other running costs
Insurance
Equipment maintenance
Cleaning
Building & garden maintenance
Health and safety expenses
Dues and subscriptions
Accountancy
Bad debts
Legal and professional fees
Miscellaneous
Net (deficit)/surplus		 £
£
26,005
2,220
6,127
‐
3,395
‐
5,802
43,549
14
43,563
(33,945)
(937)
(231)
(2,088)
(416)
(3,094)
‐
(336)
(4,523)
‐
(158)
(387)
‐
(51)
(1,568)
(251)
(5)
(692)
(162)
(580)
(200)
(685)
(535)
‐
(50,845)
(7,281)
2021		 £
£
26,400
14,408
3,550
50
343
220
6,114
51,085
146
51,231
(33,664)
(398)
(440)
(1,612)
(525)
‐
(100)
(327)
(366)
(22)
(156)
(378)
(48)
(67)
(1,681)
(1,428)
(50)
(242)
(101)
(499)
(185)
‐
(129)
(26)
(42,445)
8,786
2020		 £
£
26,400
14,408
3,550
50
343
220
6,114
51,085
146
51,231
(33,664)
(398)
(440)
(1,612)
(525)
‐
(100)
(327)
(366)
(22)
(156)
(378)
(48)
(67)
(1,681)
(1,428)
(50)
(242)
(101)
(499)
(185)
‐
(129)
(26)
(42,445)
8,786
2020
(33,945)
(937)
(231)
(2,088)
(416)
(3,094)
‐
(336)
(4,523)
‐
(158)
(387)
‐
(51)
(1,568)
(251)
(5)
(692)
(162)
(580)
(200)
(685)
(535)
‐		 (33,664)
(398)
(440)
(1,612)
(525)
‐
(100)
(327)
(366)
(22)
(156)
(378)
(48)
(67)
(1,681)
(1,428)
(50)
(242)
(101)
(499)
(185)
‐
(129)
(26)
51,231
(42,445)
8,786

14