2021-12-31-accounts

TEDDINGTON MISSION HUB

ANNUAL REPORT

FOR THE PERIOD FROM 23 NOVEMBER 2020 (DATE OF REGISTRATION) TO 31 DECMBER 2021

TEDDINGTON MISSION HUB

INFORMATION

Trustees	Reverend Jonathan Rust
	Reverend Joseph Barnaby Moffatt
	Reverend Chris Kennedy
	Reverend Edward Jonathan Kendall
	Dr Clare Margaret Rider
	Charles Anthony Fletcher
	Reverend Tim Garrett
	Sarah Ann Rae
	Sarah Elizabeth Williams
	Matthew John Eades
Charity registered number	1192480
Independent examiner	Jason Hughes
	9 Claremont Road
	Teddington
	TW11 8DH
Bankers	CAF Bank Limited
	25 Kings Hill Avenue
	Kings Hill
	Kent
	ME19 4JQ

TEDDINGTON MISSION HUB

CONTENTS

	Page
Annual review	2
Financial review	2
Independent examiner’s report	3
Statement of financial activities	4
Balance sheet	5
Notes and accounting policies	6

1

TEDDINGTON MISSION HUB

ANNUAL AND FINANCIAL REVIEW

FOR THE PERIOD TO 31 DECEMBER 2021

Overview

Teddington Mission Hub (“TMH”) was established on the 23 November 2020 with the purpose of providing and maintaining premises to allow the advancement of the Christian faith and other charitable work in accordance with the rites and ceremonies of the Church of England for the public benefit within the Deanery of Hampton in the Diocese of London.

The trustees attend to matters relating to the upkeep and running of the property at St. Peter’s and St. Paul’s, 4 Church Road, Teddington, TW11 8PB.

Re-organisation

At the end of 2019, the decision was made to merge the congregation of St Peter’s & St Paul’s (“SPSP”) with St Mary with St Alban (“SMwSA”). In line with this decision, regular services were suspended in the church in March 2020 and the dissolution of the St Peter’s & St Paul’s parish is underway with its resources to be transferred partially to the newly formed TMH and partially to SMwSA. The transition process is expected to be finalised in 2022.

Financial review

TMH started generating income from September 2021 as responsibilities were transferred from the PCC of St. Peter’s and St. Paul’s as part of the re-organisation described above.

TMH has seen a return after the COVID-19 pandemic of the vast majority of its mission and commercial customers who hire space at the property above.

Hall rental income was £12,563 for the period. Costs of £5,996 were incurred which comprise of the following: caretaker and administration costs £3,136, property related costs £2,144, insurance costs £516, IT costs £144 and bank charges of £56.

TMH had £10,381 of cash and short-term deposits at 31 December 2021. TMH had £3,664 of fee income receivables due which were received after the year end. TMH had £6,478 of liabilities at 31 December 2021 which related to operational expenses £4,294 and deferred income £2,184.

2

TEDDINGTON MISSION HUB INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TEDDDINGTON MISSION HUB I report on the financial slalemenl of the charily for the peri(￿1 from 23 November 2020 to 31 December 2021. ￿[ch are sel out on pages 4 and 5. Respectlve responslbllltles of trustso and examlner The charily's trustees are responsible for the preparation of the fInar￿la1 slalements. The charity's trustees eonsider that an aLJdit is not required for this year undèr sèction 144121 of the Charities Act 2011 f'2011 Act.) and that an independent examination is needed. It is my responsibility to.. examine the financial slalements under section 145 of the 2011 Act., follow the proCedU￿S laid down in the general directions given by the Charity Commission under $gCtion 14515llbl of the 2011 Act, and stsle whether particular mattets have come lo my attention. This report, including my slalement, have been prepared for and only for the charity's Iruslees as a body. My work has bèèn undèrtaken so that I might stste to the charity's trustèas those matters l am required to statè to them In an independent examinerfs report and lor no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility lo anyone other than the charity and th6 charity'$ trustèe$ a$ a body for my examination work. for lis report, or for the slalemenls I have made. Ba$ls of independent examlnor's report My examination was carried out in accordance wtth the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and 8 comparison of the financial slalemenls presented with those records. 11 also includes consideratlon of any unusual items or disclosures in the rinancial statements and seeking explanations from you as trustee conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequenUy no ¢)plnlon is glven as lo whether the financial statements present a Iwe anrj fair view" and the ￿port is limited lo those matters set out in the statement below. Independent examlnor'8 Statement In connection with my examination, no matter has come to my attention.. which gives me reasonable cause lo believe that in any materlal respect the requlrements.. lo keep accounting records in accordance with section 130 of the 2011 Act., and lo prepare fi'naneial statements which accord wilh the accounting records and comply wth Ihe accounting requirements of the 2011 Act have r￿t been mel., or lo which, in my opinion. allenlion should be drawn in order lo onable a propér undarstanding of the financial slalemenls to be reached. Signed Jason Hugh•s Date Zoz 9 Claremont Road, Teddington, TW118DH

TEDDINGTON MISSION HUB

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE PERIOD ENDED 31 DECEMBER 2021

The notes on pages 6 to 8 form part of these accounts Note INCOME AND ENDOWMENTS FROM Charitable activities Hall & church activities 2(a) TOTAL INCOME EXPENDITURE ON Charitable activities Hall & church activities 3(a) Other 3(b) NET INCOME/(EXPENDITURE) BALANCES BROUGHT FORWARD AT at 23 November 2020 BALANCES CARRIED FORWARD AT at 31 December 2021 Movements on unrestricted funds comprise BALANCES BROUGHT FORWARD AT at 23 November 2020 Net incoming (outgoing) resources Initial contribution Transfers out Transfers in BALANCES CARRIED FORWARD AT at 31 December 2021	Unrestricted Restricted TOTAL FUNDS Funds Funds 2021 £ £ £ 12,563 - 12,563
	12,563 - 12,563
	- 5,940 - 5,940 56 - 56
	5,996 - 5,996
	6,567 - 6,567 - - -
	6,567 - 6,567
	General Repairs Total £ £ £ - - - 1,000 - 1,000 - - - 6,567 - 6,567
	7,567 - 7,567

4

TEDDINGTON MISSION HUB BALANCE SHEET AS AT 31 DECEMBER 2021 Note 2021 CURRENT ASSEfs Debtors lincludin8 prepayffents and accrued income) Cash and short temi deposits 3,664 10,381 14,045 LIABILITIES AMOUNT5 FALLING DUE wfrHIN ONE YEAR 6,478 NET CURRENT ASSETS 7,567 TOTAL ASSETS LESS CURRENT LIA8ILrriES LlabilltiÈs: amounts falling due after more than one year 7,567 NET ASSETS 7,567 Represented by Unrestricted funds Restricted funds 7,567 Total funds 7,567 Approved by the Trustees on i'£ June 2022 and signed on its behalf by C Fletcher Hon Treasurer

TEDDINGTON MISSION HUB

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD TO 31 DECEMBER 2021

1 Accounting policies

1.1 Basis of preparation

The financial statements have been prepared under the Charities Act 2011 and comply with FRS 102 SORP 2015 (“SORP”).

The financial statements have been prepared under the historical cost convention.

The financial statements include all transactions, assets and liabilities for the Trustees are responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of Church members.

1.2 Funds and reserves

Unrestricted funds represent funds of the charity that are not subject to any restrictions regarding their use and are available for application to the general purpose of the charity.

Restricted funds are those which must be applied for a particular purpose and any balance remaining unspent at the end of the year is carried forward as a balance within that fund.

The trustees have set a capital reserves policy which states that cash reserves should be at least cover two times three months’ worth of expenditure.

1.3 Incoming resources

Rental income is recognised in the period to which it relates. Grants and legacies are recognised when the charity is legally entitled to the amount due, receipt is probable and the amount can be measured reliably.

1.4 Expenditure

Resources used are accounted for on an accruals basis.

1.5 Current assets

Amounts owing to the charity in respect of rental fee income is shown as debtors.

1.6 Going concern

In compliance with FRS 102 SORP 2015 the charity considers that having regard to the reserves and the commitments of the charity that there are no material factors affecting the ability of the charity to remain a going concern for the foreseeable future.

1.7 Trustee employment status

The charity is a registered charity. As such under FRS 102 SORP 2015 we are required to declare if any trustees are employees of the charity and have received any remuneration from the charity. In 2021 no trustee received remuneration from the charity.

6

TEDDINGTON MISSION HUB

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD TO 31 DECEMBER 2021

2 Incoming resources

2 (a) Charitable activities

2 (a)	Charitable activities
3 3 (a) 3 (b)	Rental income	Unrestricted Restricted TOTAL FUNDS Funds Funds 2021 £ £ £ 12,563 12,563
		12,563 - 12,563
	Total income	12,563 - 12,563
	Expenditure Charitable activities Other Total income relates to Church & hall Church & hall property Caretaker & administration costs Bank charges TOTAL EXPENDITURE Total expenditure can be analysed as Personnel costs Other Total expenditure relates to Church & hall	12,563 - 12,563
		12,563 - 12,563
		Unrestricted Restricted TOTAL FUNDS Funds Funds 2021 £ £ £ 2,804 - 2,804 3,136 - 3,136
		5,940 - 5,940
		56 - 56
		5,996 - 5,996
		3,136 - 3,136 2,859 - 2,859
		5,996 - 5,996
		5,996 - 5,996
		5,996 - 5,996

7

TEDDINGTON MISSION HUB

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD TO 31 DECEMBER 2021

4 Debtors 5 Creditors: amounts falling due within one year Hall and fee income receivable Accrued expenses Hall income received re following year	2021 £ 3,664
	3,664
	2021 £ 4,294 2,184
	6,478

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