Charity Registration No. 1150028 Company Registration No. 08255646 ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 FOR MASWELL PARK CHURCH LIMITED (a ¢harltable company Ilmlted by guarantee and not havlng a share capltall Maswell Park Churth Umlted Contents Page Company Infomiatlon Annual Report Report olthe Independent Examlner Statement of Financlal Actlvltles Balance Sheet io Note to the Flnanaal Statements 11-13 Detslled Income and Expendlture Account 14 Maswell Park Church Umlted Company Informatlon For the year ended 31 Dttember 2023 Trustees: Mf D.Ryde Mrs 5.Brooks MrsS.Hooper Re8iStered Of￿. Ma5well Park Church Heath Road Hounslow Middlesex TW3 2NN Company Registration Nurnbef: 08255646 (England and Walesl Charlty Re8lstration Number: 115LK>28 IEnBland and Wales) Independent Examlner: Anne-marle lew5s 32 Crai8 Road London TWIO 7JT Maswell Park Chufth Umlt Annual report For the ytar ended 31 Décember 2023 The trurtees present the annual report with the finar*clal ststements of the company for the year ended 31 December 2023. A. Alms •nd objertlves A. l. Ch•fhVs objects The charlvs objerts are, for the public benefit, to advance the Christian faith In accordance with the statement of belièfs, in Hounslow and In such other parts of the UK and the world a5 the Trustees may from time to time thlnk fit. The Trustees, when considering the activities of the charity. have had re8ard to the guldance on public benefft produced bythe Charity Commlssion. A. 2. Ba¢￿to￿nd Maswell Park was founded In 1927. In 2013 the church transmuted to a Charitable Company. Thls was the dlmax of some years spènt re4evek*pin8 the bulldlft8 and our govemance. Cafl Hod8es, who joined In JJnuary 2018, left the churth in March 2023. B. Revlew of the year . l. Church Ufe- • Summary ofthe year In words and number5 •We held Sunday worship servlces, with sermons available online. via YouT¢Jbe •Communion was celebrated reeularly •Preaching and teachlng was led by a variety of speakers, teaching on a variety of themes and subjects •Additional celebration and communlon 5ervkes were held on M3undy Thursday, Good Friday. Easter Sunday and Christmas •Pastoral care was maintsined thrO￿h a ￿$t0￿1 care team •Meetin8 In smaller'connerf iroups fortnl8htly •We a80in hosted a Macmillan coffee mornlng •We also supported a number of other organisations under the banner of 'Blessed to be a blessin￿. This is scheme to bless and support other or8anisaiions in charitèble work, and Individua15 in specific need. with a percents8e of our Income. which are declded by thurch members and approved by the Trustees. The ègreed crlterla for this. $U88ests that each Year￿ contributlon should be spread amongst or8anisations of various slzes: where posslble Ibut not exclusively) to local or8anisations,' to those with whlch existing church members already have a connection; and with the intent of buildlng relationshlp5 and encouraging partlclpatlon and awareness wlthln our local communities Mas*Yll e Home The church commenced 'Maswtll 61 Home" in December 2022, initially under the auspices of the government and local countlys 'Wami Space" Inltlatfve. Operatin8 on Tuesday morning and Thursday evenln8, each week. "Maswell @ Home" offers friendship, fellowship and food. to ihose in need. "Maswell 61 Home" contlnued when the ￿arrn Space" inltiatfve finished in March 2023, and oper3ted throughcut Ihe year. wlth a break for the summer. "Maswell @ Home" is open to all, and we welcomed local residents, familie5 from Chatsworth (the focal primary 3d￿11. homeless people and those looking for company. Conver￿tkIn and fdendshlp. Most weeks, 20 or 30 8uest5 Vlsited us for"Maswell @ Home". Maswell Park Church Umlted Annual report (continued) For the year ended 31 December 2023 . L Cthurch Ilfe IcontlN•dl Maswell Home I¢￿tInUed) Ihe project was led and mana8ed by morning and evening co-ordinators, sUPPQrted by a large and tommltted team form the membershlp and congregation. A 5teerin8 group met regularly to revlew the project. Lettlng5 • Regular use by communlty organis3tions- U3A. local councillors, QS Learnin8, Helen O'Grady Drama • Occasional use by local buslnesses. including PGSD Members and Volunteers •42 church members at the end of 2023 •4 church meetin85 for members •The Trustees gratefully acknowledge. with thanks, that many church members and friends voluntarily give a slgnificant amount of time and rey>urces to assSst In the church Ilfe and the funnin8 of its various activities and events 8. 2. Leadershlp and Management After 5 years as pastor of Ma5well Park Church, Carl Hodge5 advised the church in the autumn of 2022, that he would be leavin8 in 2023. Carl and his family 5eft in March 2023. moving to be closer to his familv. The trustees and leadership team- in discusslon with Carl before his departure. and In consultatlon wlth the membershlp- a8reed not to seek another remunerated church leader in the short temi: -To provide spate to review the church's purpose and future directFon -To assess option5 and the financial viability of employlng a remunerated leader, be If full or part time For 2023, we adopted a more tearn-based approath to leadershlp, and focused on the tore church actNities.' -sunday serw¢es -Fellowship and pastoral "Ma5well Home. The following model was adopted for the year- -The church leader and chalr of trustees met regularty ityplcally fortnightfyl -Cwrdinators were appolnted to look after the tore areas of chyrch life.. Pastoral CommunltvfM3swell@Home" Preachin￿SUndays Admln15tratlon -These"c04)rdlnatorf met ￿gUlarlY wlth the church leader and chalr of trustees, 3$ 3°CO-ordin3tinggroup- David Ryde, Sarah Hooper and Salty Brooks contlnued as trustee5. Maswell Park Churth Umftod Annual report (conllnued) For the year ended 31 Iyeeembtr 2023 . l Le•dewshlp and M*n•8ement Icondny•dl The pastoral teim contlnued to oversee the thurch's pastoral care. working with the church leader. A Health and Safety Competent Person continued to oversee the church's responslbllittes in this area. The trustees and church leader wlll continue to revlew leadershlp options. In the light of the church's purpose. vislon for the future and finandal 5ituatlon. C. Fln*ndal revlew The church is flnJndalfy dependent on the volunt•ry support of members and Iriends. The Statement of Financial Actlvitles on pa8e 8 shows income, includlng interest of £33,29612022.. £42,582) and expenditure ot £22,99912022- É49,84311 8lvln8 rise to a surplus of £10,29712022.. deficit £7,262). The fall In Income was malnly due to a fall In membership 8lvin8 as well as there bein8 a grant received in 2022 for £2.81XI to 5uprA)rt the Ma5well at Home Initiative. There was also a slgntficant fall in expendlture mainly a result of the droplfi staff costs following the departure of Carl Hodges in eath 2023. There was also a drop in Mi551on support but this wa5 only a timing Issue. with the spend being incurred In 2024. WTrth no Immedtate appointment of a remunerated leader planned, It is forecast the thurch wlll report a surplus again in 2024 and so build up reserves sufficlent to support the appolntment of a remunerated rtAe In the future. The cash balance at 31 December 2023 WJS £55.265, up from £42.496 the previous year as a result of the above cost savings. D. Strutture• governance Ind m¥n￿eMent The churth operates prlmarlly, but not exclu5ivety. in the London Borough of Hounslow. The Leadershlp Team are responsible for the vlston of the church and the pastoral care of the members. The Trustee5 help facllltrte the ¥lsion. Governln8 dixument.. MEMOWIDUM AND ARTICLES OF ASSOCIATION OF MASWELL PARK CHURCH. Trustees (who must bE company members) may be appolnted by a resolution of the company members. Board mettln85 are held at le•5t four tlmes ea¢h year. Maswell Park Church Umlted Annual report Icontlnued} For the year end¢d 31 December 2023 D. Strurture. govemance and minaBement lo>ntlnutd) General meetln8s for company members are hekl at least three tlmes each year. E. Rlsk mana8ement The trustees and church ￿ader wlll continue to carefully asse5$ Options for remunerated leadership ioles, in the l*ht of the church's purpDse. vlsion for the future and financial situatlon. The Trustees contlnued to reflect on and to revlew a number of areas, including.. Financial procedures -GDPR - Health and Safety - 53feguarding - ￿eTaIl R15k Management The Trustees. when conslderlng the aci1vlt￿S of the charlty. have had regard to the guidaftce on public benefit produced by the Charity Comm15510n. Masw•ll Parf( Church Umlted Annual report (cOntIrn￿dj For the year ended 31 De¢ember 2023 ststement of trustw respon￿bIlItI•$ The trustees are responsible for preparln8 the annual report and the financial ststements in accoidance wtth appllcable law and re8ulatlons. Company law requlred the trustees to prepare finan¢lal statements for each financtsal year. Under Ehat la¥Y the trustees have elected to p￿pare the financial ststements in accordance with United Kingdom GeE)erali¥ Accepted Accountlng Practice. Under company law the trv5tees must not approve the financial st8tements unles5 they are satislfed that thry 8lve a true and falr vlew of the state of affairs of the company and ol the incomSn8 resources and applkatlon of resources of the comparry for that year. In prepJrln8 these financial st•tements, the trustees are required to: select sultable accountlng pollcles and then apply them consistentlv.. obstrye the method5 and prfnaples in the charities SORP; make Judgements and estlmates thjt are reasonable and prudent,. stste whether appllcable accounting standards have been followed. subject to any material departures dlsclosed and explalned In the accounts. and prepare the finandal statements on the 8oln8 concern basis unless it Is Inappropriate to presume that the that the company wlll contlnue in buslne55. The trustees are responslble for keeping adequate records that are sufficient to show and explain the company's transacttons and disck*se wlth reasonable accuracy at any time the financial position of the company and enable them to ensure that the flnancial ststements COMP￿ with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable Steps for the preventlon and detertion of fraud and other irfe8ularities. Thls report was approved by the Trustees on 20 September 2024 and si8ned on thelr behalf by the Ch3irman Trustees. It wlll be circulated to membEr5 emall and prresented at the next church meetlro. Ryde Chairman of Trustees (HARITY COMMISSION FOR AM) WALES Independent examiner's report on the accounts Section A Independenl Examiner's Report R•port to th• tru8te•sl C.nXri'.* Masw811 Clyjrch Ltd On account8 for th• year •ndgd 3111 De￿mber 2023 Charlty no (If any) 1150028 S•t out on pag•8 I report to the trustees on my oxaFnination of the acwunts of th8 above charity llhe Trusf) for the ye8r ended 3111212022. Responslbllltlm and basls of roport As the c*arty's trustees. you are responsible for the preparation of the accounts in accordanc8 with the requirements of the Charities Act 2011 llhe A¢r). I rep(xt in respect of my examIn￿On of the Trust's accounts carrted out under section 145 of the 2011 Act and in carrying oijl my exciiminalion, I have followed all the appll¢able DIre￿On$ given by the Charity Commission under sectk*n 145{5){b} of the Act. Independent I have completed my examlnation. I wnfimi that no material matters have •xamIn9￿5 $tatement txme to my attention in connection wlh the examination lolhgr Ihan that disdosed ￿loW") vknlch gives me cause to believe that in. any material respect: the accounting records were not kepl in accordance wilh sfjct￿n 130 of the Charities Act: or the accounts did not accord with the a(xounting r&cords: or the accounts dhl not comply with the applicable requirements conceming the fomi and ¢ontent of accounts sot oul in the Charitses {Ac¢i)unts and Reports) Regulation$ 2008 other than any requirement that the accounts give a 'true and fair. view which is not 8 matter ¢onsKlered 88 part of an independent examination. I have no Cor￿￿n8 and have come across no other matters in connection with the examination to which attenllon should be drawn in this report In order to enable a proper undergtanding of the accounts to b8 reached. ' Please delete the Is￿r￿S in the br8ck8ls If they do not apply. Date: 1610912024 Slgned: AnnO•marie lews Relevant profe8slonal quallftcatlon{s) or body Ch8rtered Instltute of Management Accountants IER Oct 2018 (If any): CGMAJCMA Addr•s8: 3 South Lea Road Balh 8A13RN Section B Oisclosure Onty tt)mplel8 rf the examiner needs lo highlight material mallers of Qoncerii (see CC32, Independent examination of charity accounts". directions and guidonce for examiners). Glv• here brlef detslls of any Items that the oxamlner wlshe$ to dlsclos•. No material rnncems IER Oct 2018 ell pa￿ Church Umlted Statement of Nnanclal Actlvltles For the year ended 31 December 2023 Totsl Funds 2023 Total nds 2022 Notes Unrestrlcted Funds Restricted Fund5 Income and endowments from.. Donatlon5 and legacies Ch?ritsble activltles Other tradln8 actlvhies Other Totsl l*Kome 24.256 24,256 30,301 131 9,290 8,678 8,678 32,934 32,934 42,522 ExpenditLtre on.. Activity expenses Mis51on support General runnlng costs Building expenses Staff costs Professional support Tot•1 expendhule 1631 12381 19861 18,2781 19,4631 11,0781 (20.1081 {1,9051 11561 11,969) 13941 19861 19,108) 19,4631 11,0781 (22,999) 15491 14,2481 18761 17.0081 136,2141 18301 {2,8911 149,8431 N•t Income 12,827 12.8911 9,935 17,3221 Interest receivable and slmilar income 362 362 Net movement In funds 13,188 12,891) 10,297 17,262) Total Fvnd brought forward l January 43,356 5.033 48.389 55.650 Totsi Funds taffed forward 31 December $6,544 2,142 58,686 48,389 All Income and expendlture has arlsen frorn contlnulng aCt￿ltIeS. The company has no recosnlsed 8ains or10sses other than shown above. The notes form part of these financial Statements. swell Park Churth Umlt Balance Sheet For the year end￿ 31 Dgcember 2023 Notes 3l-l)ec-23 31-Dec-22 Debtors Cash at bank and in hand 4,641 55,265 6,993 42,496 Totsl assets 59,906 49,489 Credh•rs Amounts fallln8 due wlthln one year 11,2201 11,1001 Totsl assets less current Ilabllitles 58,686 48,389 Funds Unrestricted funds Restricted funds 56,544 2,142 43,356 5.033 Total tharfty funds 58.686 48.389 The company was entltled to exemption from audlt under Sectlon 477 of the Companles Art 2￿6 for the year ended 31 December 2023. The members have not required the company to obtaln and audit of its financlal statements for the year ended 31 December 2023 In occordance wlth Sertion 476 of the Companies Act 2(N)6. The trustees acknowied8e thelr responslbllltles for: al ensuring that the company keeps accountlng records that Comp￿ with Sections 386 and 387 of the Companies Art 2(*)6 and bl preparing financlal statements whlch glve a true and fair view of the state of affairs of the company as at the end of each flnandal year andlts surplus for eath finanoal year in accordance wFth the requlrements of Sectlon5 394 and 395 and whlch otherwise tompfy wtth the requlrements of the Companle5 Act 2C#)6 relatlng to flnandal ststernents, $0 far as applicable to the comparny. The fin•ncbal ststements have been prepared In J¢cordance wlth the provlsions of Part 15 of the Companies Act 2006 relatin8 to sm*ll charftsble companles. The flnanchl statements were approved by the Board ofTrustees on 20 September 2024 and 55gned on its alf by.. Ryde Ch an otTrustses Maswell Park Church Umlted Note to the Flnan¢lal Statements For the year ended 31 Detember 2023 l Accountlng poll¢l AccountlnR conventlon The ftnanclal statements have been prepared under the hlstor1¢31 cost convention and In accordance with the Statement of Recommended Practlce.. Accounting and Reporting by Charities prÈparTrng the accounts in accordan￿ with the Finan¢wl Reporting Standard appllcablè in the UK and lepublk of Ireland IFRS1021 leffectNe l January 20151: and with the Finanual Reporting Stsndafd applicable in the UK and Republi¢ of Ireland IFAS 1021. The accounts have been prepared on a golng concern basts. as there is no rnate¥i31 unr.eftèinly OVLr thL' ¢ompany's abiljty to ¢orttlnve. Based on the adequacy of the company's reserves as at ihe balance sheet dale, along wlth thelr knowledge of the company's abil¢ty to meet payment5 afid liabilities as they fall due, the trustees have a reasonable expertation that the company has sufficient Ye50urces to iontinuè In exlstence for the fOr5eeab￿ frjtu￿. In