Charity Registration No. 1150028 Company Registration No. 08255646 ANNUAL REPORT AND JNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 FOR MASWELL PARK CHURCH LIMITED la charitable company limited by guarantee and not having a share ¢apital) Maswell Park Church Limited Contents Page Company Information Annual Report Report of the Independent Examiner Statement of F inancial Activities Balance Sheet io N ote to the Financia I Statements 11-13 Detailed I ncome and Expenditure Account 14 Maswell Park Church Limited Company Information For the year ended 31 December 2024 Trustees.. Mr D.Ryde Mrs S.8rooks Mrs S.Hooper Registered Office: Ma5well Park Church Heath Road Hounslow Middlesex TW3 2NN Company Registration Number: 08255646 (England and Wales} Charity Registration N umber: 1150028 (England and Wales) Independent Examiiier: Anne-marie Lewis 3 South Lea Road Bath BAI 3RN Maswell Park Church Limited Annual report For the year ended 31 December 2024 The trustees present the annual report with the financial statements of the com pany for the year ended 31 December 2024. A. Aims and objectives A. l. Charity's objects The charity's object5 are, for the public benef it, to advance the Christia n 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 f rom time to time think f it. The Trustees, when considering the activities of the charity, have had regard to the guidance on public benefit produced by the Charity Com mission. A. 2. Ba¢kground Md leadership team - in discussion with Carl before his departure, and in consultatior7 With the membership-agreed not to seek another remunerated church leader in the short term: -To provide space to review the church's purpose and future directron -To assess options and the financial viability of employing a remunerated leader, be if full or part time For 2023 and continuing in 2024, we adopted a more team-based approach to leadership, and focused on the £ore church activities.. -su nday services -Fellowship arid pastor31 "Maswell @ Home" The following model was followed during the year.. -The church leader and chair o* trustees met regularly Itypica Ily fortnightlyl -Co-ordin3tors were appointed to look after the core areas of church life.. Pastoral Community/"Maswell@Home" Preaching/Su ndays Worship Administration -rhese 'co-ordinators" met regularly with the church leader and chair of trustees Maswell Park Church Limited Annual report {continued) For the year ended 31 December 2024 B. 2. Leadership and Management Icontinuedl David Ryde. Sarah Hooper and Sally Brook5 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. Tl)e trustees and cliurch leader will continue to review leadership option5, in the light of the church's purpose, vision for the future and financial situation. C. Financial review The church Is f inancially dependent on the volu ntary support of members and f riends. The Statement of Financial Activlties on page 8 shows income, including interest of £33,96712023.. £33,296) and expenditure of £20,44012023- £22,999), giving rise to a surplus of £13,52712023.' £10,297). There was little change in total income with small drop in member giving offset by the rise in lettin85 There was also 3 c.Il% drop in expenditure due to the wages as a result of there being no pastor during the whole of 2024, following the departure of Carl Hodges in early 2023. This was partly offset by an increase in donatlons made by the church following a number of payments made in 2024 from the Blessed to be a Blessing fund. The cash balance at 310ecember 2024 was £69,199, up from £55,26 the previous year, as a result of the surplus meiitioned above. Whilst the church does not currently have a formal reserves policy, the informal approach adopted by the trustees. in consultation with the church leader and treasurer, is to ensure that the sum held In the Unrestricted General Reserve is SLtfficient to cover at least 6 months of general church expendltu re. Maswell Park Church Limited Annual report {continued} For the year ended 31 December 2024 D. Structure, governance and management The church operates primarily. but not exclusively, in the London Borough of Hou nslow. The church leader and leadership team are responsible forthe vision of the church and the pastoral cal'e of the members. The Trustees help facilitate the vision. Governing docLiment.' MEMORANDUM AND ARTICLES OF ASSOCIATION OF MASWELL PARK CHURCH, Trustees Iwho 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 The trustees and church leader will continue to ca refully assess options f or remunerated leadersliip roles, in the light of the cliurch's purpose, vision for the future and financial situatioii. The Trustees continued to ref lect on and to review a number of areas, including.. Financial procedures GDPR Health and Safetv Safeguard ing Overall Risk Management The Trustees, when considering the activities of the cha rity, have had regard to the guldance on public benefit produced by the Charity Commission. Maswell Park Church Limited Annual report Icontinuedl For the year ended 31 December 2024 Statement of trustees responsibilities The trustees are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations. Company law required the trustees to prepare fina ncial statements for each financial year. Under that law the trustees have elected to prepare the financial statement5 in accordance with U nited Kingdom Geiierally Accepted Accounting Practite. Under com pany law the trustees must not approve the financial statements unless they are satisifed that they give 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 policie5 and then apply them con51Stently; observe the methods a nd principles in the charities SORP; make judgements and estimate5 that are reasonable and prudent,. state whether applica ble accounting standards have been folltswed, subject to any material departures disclosed and expla ined in the accounts, and prepare the f inancial statements on the going concern basis unles5 It is inappropriate to presume that ' that the company will continue in business. The trustees are responsible for keeping adequate records that are sufficient to show and expla in the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The'/ are a Iso responsible fo r safeguarding the assets of the com pany and hence for taking reasonable steps f or the prevention a nd detection of fraud and other irregularities. This report was approved by the Trustees on 23 Septem ber 2025 and signed on their behalf. It will be cir lated to members via email and presented at the next church meeting. Chairrnan of Trustee5 Maswell Park Church Limited Statement of Financial Activities For the year ended 31 December 2024 Total Funds 2024 Total Funds 2023 Notes Unrestricted Restricted Funds Funds Income and endowment5 from: Donations and legacies Charitable activitie5 Other trdding activities Total Income 22,625 135 10,524 33,284 loo 22,725 135 10,524 33,384 24,256 8,678 32,934 loo Expenditure on.. Activity expenses Mission support & othergiving Ge.neral running costs Building expense5 Staff costs Professional support Total expendlture 11,5731 3,2181 1908) 17,3671 16,08C,I I l.ij551 120,2DOI Ilillll (Jooi 11,713 13,3181 19081 17,3671 16,0801 11,05Jl 120,4401 (1,91)91 19861 19, IOXI 19,4ts31 11.,1)7bl 122 1)991 12401 Net income 13,084 (140) 12,944 9,935 Interest receivable and similar income 583 583 362 Net movement In funds 13,667 (140) 13,527 10,297 Total Fund brought forward I january 56,544 2,142 58,686 48,389 Total Funds carred forward 31 December 70,211 2,002 72,212 58,686 All income and expenditure has arisen from continuing activities. The company has no recognised gains or losses other than shown above. The notes f orm part of these f inancial statements. Maswell Park Church Limited Balance Sheet For the year ended 31 December 2024 Notes 31-Dec-24 31-Dec-23 Current assets Debtors Cash at bank and in hand 4,111 69,199 4,641 55,265 Total assets 73,310 59,906 Creditors Ainounts falling due within one year 11,l)Q71 11,2.2(11 Total assets less current liabilities 72,213 58,686 Funds Unrestricted funds Restricted funds 70,211 2,002 56,544 2,142 Total charity funds 72,213 58,686 The company was entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024. The meni bers have not required the compa ny to obtain and audit of its fina nclal statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006. Thp trustees acknowledge their responsibil ities for.. al eiisii ring that the com pany keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 8nd bl preparine finaiicial statements whlch 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 Com panies Act 2006 relating to f ina ncial statements, so far as applicable to the com pany. The f inancial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small charitable companies. The financial statements were approved by the Board of Trustees on 23 September 2025 and signed on its behalf by.. D Ryde Cbfvkp R rsc io Chairman of Trustees io Maswell Park Church Limited Note to the Financial Statements For the year ended 31 December 2024 l Accounting policies Accounting convention The f i nancial 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 IFRS1021 leffective l January 20151,. and with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. The accounts h3ve been prepared on a going concern basis, as thef e is no material uncertainty over the compa ny's ability to continue. Based on the adequacy of the company's reserves as at the balance sheet date, alon8 Wlth their knowledge of the company's ability to meet payments and liabi lities as they fall due, the trustee5 have a reasonable expectation that the compa ny has sufficient resources to coiitinue in existence for the for5eeable f uture. Income Donated income 15 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 & Custom5, is grossed up for the tax recoverable, Any amount of tax reclaimed not yet recevied is shown within debtors. Funds Unrestricted fundg are donations and other income received or generated for the objects of the company without specified purpose and ii re available for purposes as directed by the trustees. Restricted fund5 are amounts received where the donor h35 specified the purpose for which it should be used. Expenditure LialJilitie5 are recoKnised as expenditure as soon as there is a le831 or constructive obligation committing the cha rity to that expenditure, it is probable that a transfer of economic benef its will be required in settlement and the omount of the obligation can be measured reliably. Expenditure is accounted f or oli an accruals basis and has been classif led under headinES thi¢ t riggregate all cost Taxation The company 15 a registered charity and is exempt from tèxation under the Income and Corporation Taxes Acts. Cash and cash equivalents Cash and cash equivalents include cash i n hand, deposits held at call with banks and other short-tèrm liquid investrnent5 Wlth original maturities of three months or less. Financial instruments T4e compaiiy has elected to apply the provision5 of Section 11 'Basic Fiiiancial Instruments. of FRS 102 to al l of its financial instruments, li Maswell Park Church Limited Note to the Financial Statements For the year ended 31 December 2024 l Accounting policies (continued) Financial Instruments Icontinuedl Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provis ions of the instrument. Basic financial asset5 and liabilitie5 Basic financial assets and liabilities, which include debtor5, cash and bank balances and creditors, are measu red at transaction price including transaction cost5. Trade creditors 3 re obligations to pay for goods or services that have been acquired in the ordinary course of operations f rom su ppliers. Amounts payable are classif led 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 2024 2023 Wages and salaries Olher Staff costs 6,080 35,885 329 36,214 6,080 There were no pm ployees who received benef its exceeding £60,000 during the year12023'. nill. Tlie average nuinber of employees dLJring the year was as follows.. 2024 2023 3 Net incorne Net income is stated after charging: 2024 2023 Indepenoent examination 22U None of the trustee5 received any remuneration or expense reimbu rsement during the year12023', £nil 12 Maswell Park Church Limited Note to the Financial Statements For the year ended 31 December 2024 4 Taxation No liability to U K corporation tax arose on ordinary activites for the year ended 31 December 2024 12023: £nill S Debtors 31-Dec-24 31-Oec-23 Accounts receivable Accrued Income 685 4,111 4,641 6 Credltors: amounts falling due wlthin one year 31-Dec-24 31-Dec-23 Accounts P