TEDDINGTON MISSION HUB
ANNUAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2022
TEDDINGTON MISSION HUB
INFORMATION
| Trustees | Reverend Jonathan Rust |
|---|---|
| Reverend Joseph Barnaby Moffatt (Resigned 7thSeptember 2022) | |
| Reverend Chris Kennedy | |
| Reverend Edward Jonathan Kendall | |
| Dr Clare Margaret Rider | |
| Charles Anthony Fletcher | |
| Reverend Tim Garrett (Resigned 31stJanuary 2023) | |
| Sarah Ann Rae | |
| Sarah Elizabeth Williams (Resigned 26thMarch 2023) | |
| 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 and 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 YEAR TO 31 DECEMBER 2022
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 was finalised on 14[th] September 2022.
Financial review
Hall rental income was £51,545 (2021: £12,563) for the year which is in line with expectations as the activity from SPSP was transitioned over. Costs of £24,414 (2021: £5,996) were incurred which comprise of the following: caretaker and administration costs £11,048 (2021: £3,136), property related costs £12,565 (2021: £2,144), insurance costs £541 (2021: £516), IT costs £180 (2021: £144) and bank charges of £80 (2021: £56).
TMH had £34,967 (2021: £10,381) of cash and short-term deposits at 31 December 2022. TMH had £1,314 (2021: £3,664) of fee income receivables due which were received after the year end. TMH had £4,297 (2021: £6,478) of liabilities at 31 December 2022 which related to operational expenses £1,071 (2021: £4,294), deferred income £1,226 (2021: £2,184) and a loan of £2,000 (2021: £Nil).
2
TEDDINGTON MISSION HUB INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TEDDDINGTON MISSION HUB I report on the financial statement ol Ihe charity for the year ended 31 Dècember 2022. whKh are set out on pages 48nd5. Re¥pectlvè r8sponsibilltles of trusl•è and •Maminer The charity's trustees are responslble for Ihe prepar8¢ion of the financ181 statements. The charity's trustee8 consider th813n 8udil is not required for this year under sectlon 144121 ol the Chafitles Act 2011 f2011 Act") gnd thal an Independent examlnalicin is needed. 11 Is my responslblllty lo.. exomin8 the fivlandal statements under secllon 145 of the 2011 Act. follw the procedures laid down IN the general direction8 given by Ihe Charlty Commi5slon under section 14515Xbl ol Ihe 2011 Act., and st81e whether particular rnallers havè come to my altenb'on. Thls reporl, includln9 my slalemenl, have been prepared lor and only for the charlty's trustees 8s a body. My work has been undertaken so Ihal I might stale lo the charily's truslees those matters l am requlred to slate lo them In an independent examiner's report and for no othèr purpose. To the lullo$1 exlelll permltted by18w, I do not accept or assurne responslbilily to anyone other than the charity and the charity's trustees as a body for my examination wort, for lis report, lor the 5tatemenls I have mède. Basls of Independènt examln¢r's report My ex8minallon was rrIed out in accor¢Jance wlth Ihtr general direcllons given by IhÈ Chsrity Commission. An examination iTTrcludes a review ol the accounting record5 kept by Ihe charity and a ¢ornp3rison of the finandal ststements presented with those records. It also includes consideralion of any unusual item5 or dlsclosures in Ihe financial slalements and seeking explanations from you as Irustee eoncerning any such matters. The prOdre$ undertaken do nol provide 811 the evidence that would be QUired ill an audil, and con5equenlly no opinion TS given as to whether the financial statements present 8 'true and fair view. and the report is Ilmlled to those mallers sel oul In the slatemenl below. Independent exJmlnerfs 8tatemont In wnnection with my examination. no matter has eorne to rny allention.. which gives me reasonable causé lo belleve that in any malerf81 respect the requirements.. lo ke9p accounting records in awordance wllh section 130 of the 2011 Act.. and to prepare flnanclal slalements whlch accord wllh the a¢oiunting records and comply wlth the accounting requlrements of thè 2011 A¢t have not been met.. or to which, in rny oplnion, altentlon should be drawn in order lo enable a proper vnderstsndlng of the financial statements to be reached. Slgnèd Jason Hu9h•s 9 Claremonl Road, Teddinglon, TW11 8DH
TEDDINGTON MISSION HUB
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2022
| Note | Unrestricted | **Restricted ** | TOTAL FUNDS | ||
|---|---|---|---|---|---|
| Funds | Funds | 2022 | 2021 | ||
| £ | £ | £ | £ | ||
| INCOME AND ENDOWMENTS FROM | |||||
| Charitable activities | |||||
| Hall & church activities | 2(a) | 51,545 | - | 51,545 | 12,563 |
| TOTAL INCOME | 51,545 | - | 51,545 | 12,563 | |
| EXPENDITURE ON | |||||
| Charitable activities | |||||
| Hall & church activities | 3(a) | 24,334 | - | 24,334 | 5,940 |
| Other | 3(b) | 80 | - | 80 | 56 |
| 24,414 | - | 24,414 | 5,996 | ||
| NET INCOME/(EXPENDITURE) | 27,131 | - | 27,131 | 6,567 | |
| BALANCES BROUGHT FORWARD AT | |||||
| at 1 January 2022 | 6,567 | - | 6,567 | - | |
| BALANCES CARRIED FORWARD AT | |||||
| at 31 December 2022 | 33,698 | - | 33,698 | - | |
| Movements on unrestricted funds comprise | General | Repairs | Total | ||
| BALANCES BROUGHT FORWARD AT | £ | £ | £ | ||
| at 1 January 2022 | 7,567 | - | 7,567 | ||
| Net incoming (outgoing) resources | |||||
| Initial contribution | - | - | - | ||
| Transfers out | - | - | - | ||
| Transfers in | 27,131 | - | 27,131 | ||
| BALANCES CARRIED FORWARD AT | |||||
| at 31 December 2022 | 34,698 | - | 34,698 |
The notes on pages 6 to 8 form part of these accounts
4
TEDDINGTON MISSION HUB BALANCE SHEET AS AT 31 DECEMBER 2022 Note 2022 2021 CURRENT ASSETS Debtors (including prepayments and accrued incon) Cash and short temi deposits 11.528 34,967 46,495 3,664 10,381 14,045 LIABILITIES AMOUNTS FALLING DUE WITHIN ONE YEAR 4,297 6,478 NET CURRENT ASSETS 42,198 7,567 TOTAL ASSETS LESS aiRRENT LIABILITIES Llabllit5es: Amounts falling due after than one year 42,198 7,567 NET ASSETS 34.698 Represented bv UnstrICted funds Restricted funds 34,698 7,567 Total funds 34,698 7,567 Approved by the Trustees on 2 <Jufy 2023 and ggned on ils behalf by QL4 C Fletcher Hon Treasurer
TEDDINGTON MISSION HUB
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED TO 31 DECEMBER 2022
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 Tangible fixed assets
Fixtures and fittings – depreciation on a straight-line basis over three years.
1.6 Current assets
Amounts owing to the charity in respect of rental fee income is shown as debtors.
1.7 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.
1.8 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 2022 no trustee received remuneration from the charity.
6
TEDDINGTON MISSION HUB
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED TO 31 DECEMBER 2022
2 Incoming resources
2 (a) Charitable activities
| Rental income Interest received |
Unrestricted Restricted TOTAL FUNDS Funds Funds 2022 2021 £ £ £ £ 51,514 - 51,514 12,563 31 - 31 - |
|---|---|
| 51,545 - 51,545 12,563 |
|
| Total income | 51,545 - 51,545 12,563 |
| Total income relates to Church & hall |
51,545 - 51,545 12,563 |
| 51,545 - 51,545 12,563 |
3 Expenditure
3 (a) Charitable activities
| Other 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 |
Unrestricted Restricted TOTAL FUNDS Funds Funds 2022 2021 £ £ £ £ 13,286 - 13,286 2,804 11,048 - 11,048 3,136 |
|---|---|
| 24,334 - 24,334 5,940 |
|
| 80 - 80 56 |
|
| 24,414 - 24,414 5,996 |
|
| 11,048 - 11,048 3,136 13,366 - 13,366 2,860 |
|
| 24,414 - 24,414 5,996 |
|
| 24,414 - 24,414 5,996 |
|
| 24,414 - 24,414 5,996 |
3 (b) Other
7
TEDDINGTON MISSION HUB
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED TO 31 DECEMBER 2022
| 4 Debtors 5 Creditors: amounts falling due within one year 6 Creditors: amounts falling due after more than one year Hall and fee income receivable Prepayments Other debtors Accrued expenses Hall income received re following year Payroll taxes Loan Loan |
2022 2021 £ £ 1,314 3,664 214 - 10,000 - |
|---|---|
| 11,528 3,664 |
|
| 2022 2021 £ £ 969 4,294 1,226 2,184 102 - 2,000 - |
|
| 4,297 6,478 |
|
| 2022 2021 £ £ 7,500 - |
|
| 7,500 - |
8