Charity registration number.. 1132139
The Parochial Church Council of the Ecclesiastical Parish
of St. Margaret of Antioch, Lee
Annual Report and FinancSal Statements
for the Year Ended 31 December 2024
Fleld Sullivan Limited
9 Hare & Billet Road
Blackheath
SE3 ORB

The Parochial Church Council of the Ecclesiastlcal Parish of St. Margaret of Antioch, Lee
Contents (continued)
Reference and Administratlve Details
Ito2
Trustees, Report
3to8
Independent Examiner'5 Report
9tolO
Statement of Flnancial Activities
li
Balance Sheet
12
Notes to the Financial Statements
13to27

The Parochlal Church Council of the Ecclesiastical Parish of St. Margaret of Antloch, Lee
Reference and Administrative Details
Chairman
Simon Blackburn
Trustees
Simon Blackburn
Reverend Joan Burkitt-Grav
Reverend Manuela Schmucki
Reverend Daniel Walker
Duncan Atklnson
Bill 8ishop
Catherine Clav
Tamsin Griem
Josef Herman
Alistair HiggSn5
Ben Johnson
Bianca John50n
David Knight
Nake55a Morgan
Lesley Palgrave
Robin Qulnnell
Michael Rae
Mbessan Sarr
Marion Scott
Christine Speller
Jenny 5tandage
Andrew Wardle
Joanne Woodall
Charlty Registration Number
1132139
Principal Offlce
St Margaret's Visitor's Centre
Brandram Road
Lee
SE13 SEA
Independent ExamSner
Field Sulllvan LlmSted
9 Hare & Billet Road
Blackheath
SE3 ORB
Page I

The Parochial Church Council of the Ecclesiastical Parish of St. Margaret of Antloch, Lee
Reference and Administrative Details (continued)
Bankers
Barclays Bank UK PLC
I Churchill Place
London
E14 5HP
Lloyds Bank PIC
Blackheath London
25 Gresham Street
London
EC2V 7HN
Cambridge & Counties Bank
Charnwood Court
58 New Walk
Leicester
LEI 6TE
CCLA Fund Managers
Senator House
85 Queen Victoria Street
London
EC4V 4ET
Flagstone
1st Floor
Clarevllle House
26-27 Oxendon Street
London
SWIY 4EL
Page 2

The Parochial Church Council of the Ecclesiastlcal Parish of St. Margaret of Antioch, Lee
Trustees, Report
The trustees present the annual report together with the f inancial statements of the charity for the year ended 31
December 2024.
Admln15tratlve Information
The church of St Margaret of Antioch, Lee is part of the Diocese of Southwark within the Church of England. The
correspondence address is: The Visltor's Centre, Brandram Road. London, SE13 SEA.
PCC member5 who served since l January 2024 until the date this report was approved are shown on page l.
Structure. governance and management
The method of appointlng PCC Members 15 set out in the Church Representation Rules. All Church members are
encouraged to reElSter on the Electoral Roll and stand for the PCC.
Oblectlves and Activltle5
The PCC met on six occasions during the year.. 30 January; 19 March; 04 lune,. 09 July,. 24 September,. 26
November.
Committees met between meetlngs and reports of their activities were considered and discussed by the PCC
where necessary.
2015
2016
2017
2018
2019 2020 2021 2022 2023
2024
Communlcants
Easter
137
132
131
155
159
N/A° 83
95
97
61
119
Christmas
169
166
iii
181
145
99
123
179
98
Total for the year
Baptlsms
Recelved
communion
3,798
3,601 3,053
3.647 3,098 N/A' N/A' 2,575 3,301 3,191
16
io
12
15
19
li
into
Conflrmations
Weddin85
Electoral rolls
152
128
108
109
108
108
108
103
121
131
*Covld Impacted ability to provlde accurate data across on-site and onlirse 5ervlces.
Page 3

The Parochlal Church Council of the Ecclesiastlcal Parish of St. Margaret of Antioch, Lee
Trustees, Report (continued)
Outward Glvlng
Donations were received durlng the year for the following..
Age Exchange
£1,561.24
Christmas & Carol Services
The Children's Society
£277.52
Christingle Service & donation bucket at back of
church
8ishop Lent call fundraising
£274
Rector's Installation
Make Lunch
£168
Varlous events
Food was collected throughout the year and partlcularly at Harvest for distribution via LewCAS ILewSsham
Churches for Asylum Seekers).
Revlew of the Year 2024
We entered 2024 in a vacancy and finished the year with a new rector, Revd Manuela Schmucki, settling into post
after her installation in mld-september. Until Easter we were blessed by the ministry of Revd Daniel Walker. a5
Assistant Priest. Throughout the vacancy we were grateful for the ministry of visltSng clergy. Across the year a small
team of dedicated Clergy, Readers and Deacons led services, supported by the Churchwardens, volunteers and
weekly meetings of the Ministry Team.
Appointing a new Rector was a primary goal of the PCC in 2024. Recruitment was supported by Revd Alastalr
Cutting (now the Bishop of Woolwichl and a representative of the Lord Chancellor's office, as well as the whole
PCC and many other church members. A vacancy of 'only' IS months was a real achlevement and we were
delighted to welcome Manuela as Rector in a joyful and vibrant installation service led by Bishop Christopher on 15
September.
St Margaret's continues to be a vibrant worshipping community, with ongoing growth in 2024 as we have
welcomed a number of new individuals and families. We followed a regular pattern of Sunday services at 8am,
10.30am and 6pm. From September we streamed the 10.30am service. Morning Prayer in person and streamed vla
YouTube Monday-Thursday and the weekly Wednesday lunchtlme Eucharist were popular with a dedicated
number of congregants. Pastoral visiting and the weekly Eucharist service at the two resldential care home5 in the
parish, Leah Lodge and Rectory Court, wa5 appreciated by the residents. We also had Advent and Lent Groups
again thls year.
Page 4

The Parochial Church Council of the Ecclesiastical Parlsh of St. Margaret of Antioch, Lee
Trustees, Report (continued)
Our Children'5 Church continues to be strong, with our well-attended monthly 9am family worship servlce and, on
other Sundays, parent-led activities in the crypt during the 10.30am services. Both include wonderfully imaginative
se55ions of arts, crafts, storytelling and music for our youngest church members and their families. We were
dellghted to see an expanded team of young people actlng as servers and acolytes at 10.30am Eucharist. The
Breakfast Club for children aged 9-13 met twice a month, once for opportunities to discuss faith and the Bible and
once for fun, Eames and food. These two areas provide increased opportunities to involve younger generation5 In
our ministry, worship and joyful community. Outside of Sunday services, Rucksack Music on Fridays in the Crypt
and St Margaret's Toddler Playgroup on Monday and Wednesday mornings at the King5wood Halls continued as
popular groups for babies and preschool aged children and thelr famllie5. Uniformed groups joined us for Harvest,
Mothering Sunday and for the parade service on Remembrance Sunday. strengthening our connections with them.
From September, Manuela has been a strong presence wlth St Margaret's school, leading a weekly assembly and
leading a school Advent service and an Easter service in the church building.
The choir continued to thrive and support the worshipping life of the Church. The junior and adult choir met
weekly for rehearsals. Musical hlghllghts Included singing Evensong at Southwark Cathedral again, a performance
on Palm Sunday of John Maunder's 'Olivet to Calvary., a Choral Scholars concert during our patronal festival
celebration5 In July, and Remembrance Day services in November and wonderful Advent and Christmas carol
Services in December.
Early in 2024, a5 a church Community, we revised our Mission Action Plan, which then set many of the priorities for
the PCC and the day-to-day work of our staff. The Plan commlts US to work on 3 prSorities: community, children
and creatlon, While there is more to do on all 3, we were pleased with the progress we made in 2024 and in the
early months of 2025.
A5 well as supporting work on our Mission Action Plan, the PCC 15 responsible for ensurlng that we manage and
maintain our assets with care and ensure our flnancial sustainability, The Kingswood Halls continued to bring in a
healthy income from hirers, and wlth further investment in 2025 should do so for years to come. The church
building requires regular maintenance, but with our new AV system it is now better equipped for congregational
worship, vi51tors, events, meetSngs. concerts, theatrical and operatic performance5.
During 2024, we completed the upgrade of the Church and Crypt AV. Sound is now crisper and we have a regular
online following for mornSng prayer and Sunday Eucharist. We made plans to convert the crypt Ilghting to LED and
worked with Lewlsham Councll and the Blackheath Society on repalrs to 10 Ilsted tombs In the Old Churchyard.
While repalrs to the church bells were completed, further work Ss belng done on the supporting structures before
the bells can return to use. Memorials for Eric Verity and Peter Cox were placed in the churchyard. Unfortunately,
despite the best efforts of staff and volunteers, we were not able to move ahead with the churchyard playground
as the only available sites are too close to yew trees which can be poisonous. We installed bicycle 'planter-locks' in
front of the church building, which cleverly combine flower-filled planters with bicycle parking.
We were delighted to h05t a number of events during 2024, including concerts by several local cholr5 and
ensembles. Enqulries for bookings at the Kingswood Halls Increased during 2024 and as well as a few new regvlar
user5, the Christ The Rock church meets for wor5hlp In the main hall every Sunday.
Our long-e5tablI5hed Darby and Joan club met weekly on Tuesday afternoons, providing a place for support,
companionshlp and fun, and continues to welcome new members aged 55 and over. Christmas lunch for club
members at The Clarendon Hotel in Blackheath continues to be a much enjoyed annual tradition and we were
grateful for the wonderful decorations made by members for the church Chrlstmas tree th15 year.
Page 5

The Parochial Church Council of the Ecclesiastlcal Parish of St. Margaret of Antioch, Lee
Trustees, Report (continued)
Outreach remains an important part of Church life and during 2024 we worked in a varlety of ways with the local
community.
Our established Dacre Dig Garden Project at the Kingswood Halls, led by professional gardeners met twice a month
on alternate Fridays and Saturdays. In 2024, the group grew daffodils for Mothering Sunday and a range of frult
and vegetables for the local community. We continue to conslder further plans for the Garden Project which
include implementing insect and wildflower plots in the Old Churchyard to complement our commltment to
environmental protectlon and our Eco-ChLtrch awards lalready bronze and silverl.
Tea for Free on Monday mornlngs continued as a much-needed space for people to meet soclally In a relaxed and
welcoming setting, We worked with the ProbatSon Service enabling people on probation to complete community
5ervlce through cleaning and maintaining the church and grounds. We supported the Single Homeless Project, a
charity in our parish who work with homeless young people In Lewisham aged 16-25, by offering our Crypt space
for staff meetings and fundraising for trip5 and outings for service user5.
The PCC and congregation continued to support school-led initlatlves for vulnerable children and families from St
Margaret's School, including providing funding for holiday fogd vouchers, holiday club and extracurricular activity
bursaries and hosting a food hub during the holidays in the Crypt. A team of dedicated volunteers organised and
supported 3 very successful community 'Let's Make Lunch, events in Kingswood Halls, held during school holldays.
The church community contlnued to support local refugees via donations to LewCAS foodbank. We contlnue to
work to understand the emerging needs of our local community, which in turn will Inform the direction of future
outreach project5.
In 2024 the PCC employed 4 part-time staff.. an Operations Manager, Parish Adminlstrator, Treasurer and
Caretaker. We are grateful for their dedlcation to St Margaret's and all their work that enable5 our worship and
outreach.
St Margaret'5 remains 3 vibrant thurch community with an ongolng v15Ion and commitment to engagement with
all member5 of the loc31 community as "a safe harbour: open to God. inclusive of all"
Flnan¢Sal Review
Overall, our activities for the year 2024 have caused a deficit of £70k. However, overlooklng depreciation and small
designated reserve spends of £27.7k. we have recorded a deficit of £19.6k from our ordinary activities. We had
forecast a £41k loss In 2024. This surplus is a very much welcomed improvement.
In 2024 our total income amounted to £299.5k. This is a reduction of 3.4'A from 2023 1£310kl income. This
reduction is due to various factors, from reduced parking contracts and reduced tax rebates from gift ald and VAT
schemes.
Our usual two main sources of income came from voluntary contributions and rental activities. In 2024, rental
activities from our various church buildings and Telecoms hSre accounted for 46Yo1£139kl. Voluntary contrlbutions
accounted for 29%1£87kl and were glven by members of the congregation either through regular giving by our
usual methods of standing order, the church plate on Sundays (now also online) or special collections and appeals.
The remaining 25%1£74kl was from grants, tax rebates, gift aid and interest receipt5 and Shared servltes electrical
contributions.
Page 6

The Parochlal Church Council of the Eccleslastical Parish of St. Margaret of Antioch, Lee
Trustees, Report (continued)
In 2024 total expenditure amounted to £370k (excluding Church AV reserves spend). WhSch is 7.11% les5 than 2023
1£398kl. This15 malnly due to reduced general works in 2024.
The breakdown of expenses is as follows, with the largest item of expenditure being 31%1£115kl on our parish
pledge. We took the decision to increase the 2023 pledge with an inflation uplift of IO%. We do not receive any
funding from the Diocese of Southwark, and it is through the generosity of prosperous parSshe5 like ours that
allows the Diocese to contlnue supporting other parishes and causes locally, nationally and globally. It also
contributes towards the cost of clergy Istipend, training, pension and housing). Staffing costs attributed to 19.
IE70k inc. Pension contributions and honoraria payments). 13% 1£49kl wa5 for running the church building
Including repalr works, Il%1£41kl on Kingswood hall expenses including designated works. 5'A1£18kl on outreach
inc. Garden project, 5%1£19kl on music inc. scholarshlps and the remaining 16%1£58kl on other costs including
insurance, Lodge, offlce expenses, recharged electrical costs and depreciation etc.
Re5erve5 policy and going concern
Reserves are needed to bridge the gap between the spending and receiving of income and to cover unplanned
emergency repairs and other expenditure,
Due to the uncertainty of the pandemit, it was agreed in 2020 that the majority of reserve5 be maintained as
general funds to ensure we were able to fulfil our commitments and ongoing mission of the church. We will
maintain thls stance and will restrict funds as and when requlred. In 2024 £149k was used for a number of agreed
prolects, of whlch £89k was spent on the church AV system and £43k for The Lodge refurbishment5. A number of
projects are up for review by the PCC in 2025, and funds will be restricted accordingly.
The maSntenance and development of a grade li* listed building Is a significant undertaking and the trustee5 have
designated funds accordingly over recent years. A new building fund value will be agreed by the PCC once the next
set of works have been identified and prioritised as per the latest quinquennial report.
The trustees have reviewed the circumstances of the charity and consider that adequate resources wlll be able to
cover the charity's requirements for working capital and capital expenditure for at least the next twelve months.
They are not aware of any other factors which could put into jeopardy the charity's going concern status during or
beyond this period.
Risk revlew
The PCC members have reviewed the financial and other risks fa¢lng the church. They have ensured that when
risks are identified, necessary steps are taken to mitigate those risks.
Page 7

The Parochial Church Council of the Ecclesiastical Parish of St. Margaret of Antioch, Lee
Trustees, Report (contlnued)
Statement of Trustees, Responsibilities
The trustees are responsible for preparing the tru5tees' report and the flnanclal statements in accordance with the
United Kingdom Accounting Standards Iunlted Kingdom Generally Accepted Accountlng Practice) and applicable
law and regulations.
The law applicable to charities require5 the trustees to prepare financial statements for each financial year which
give a true and fair vSew of the state of affairs of the charity and of the incoming resources and application of
resources of the charity for that period. In preparing these f inancial statement5, the trustee5 are required to..
select Suitable accounting policies and then apply them consistently;
observe the methods 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 financial statements; and
prepare the financial statements on the going concern basis unle55 It Is Snapproprlate to presume that the
charity will continue in busines5.
The trustees are responsible for keeping proper accountlng records that disclose with reasonable accuracy at any
time the financial position of the charity and enable them to ensure that the financial statements comply with the
Charitie5 Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution.
The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable step5
for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included
on the charitable company's website. Legislation governlng the preparatlon and dissemination of financial
statements may differ from legislation in other jurisdlctSons.
The annual report wa5 approved by the trustees of the charity on 8 May 2025 and signed on its behalf by:
Reverend Manuela Schmucki
Trustee
Page 8

The Parochial Church Council of the Ecclesiastical Parlsh of St. Margaret of Antioch, Lee
Independent Examiner's Report to the trustees of The Parochial Church Councll of the
Ecclesiastical Parish of St. Margaret of Antioch, Lee
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December
2024 which comprise the Statement of Financial Activltles, the Balance Sheet and related note5.
This report is made solely to the charity's trustees, as a body, in accordance wlth section 145 of the Charities Act
2011. My work has been undertaken so that I mSght state to the charity's trustees those matters l am required to
state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or
assume responsibility to anyone other than the charity and the charitvs trustees as a body, for my work, for thi5
report, or for the opinions I have formed.
Responsibilitles and basls of report
As the charity trustees of The Parochial Church Council of the Ecclesiastical Parish of St, Margaret of Antioch, Lee
vou are responsible for the preparatlon of the accounts in accordance with the requirements of the Charities Act
20111'the Act'l.
report In respect of my examination of the The Parochial Church Council of the Ecclesiastical Parish of St.
Margaret of Antioch, Lee'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 14515llbl
of the Act.
An independent examination does not involve gathering all the evidence that would be required in an audit and
consequently does not cover all the matters that an auditor considers in giving their opinion on the financial
statements. The plannlng and conduct of an audlt goes beyond the limited assurance that an Independent
examination can provide. Consequently l express no opinion as to whether the financial statements present a 'true
and fair, view and my report is limited to those specific matters set out in the independent examinerfs statement.
Independent examlner's statement
Since The Parothial Church Council of the Ecclesiastical Parish of St. Margaret of Antioch, Lee's gross income
exceeded £250.000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that
l am qualified to undertake the examinatSon because l am a member of ICAEW. which Is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection
with the examination givlng me cause to believe that in any material respect..
accounting record5 were not kept in respect of The Parochial Church Council of the Eccle5ia5tlcal Parish of St.
Margaret of Antioch, Lee as required by section 130 of the Act,. or
2. the financial statements do not accord wSth those records,. or
3. the financial statements do not comply with the accounting requirements concerning the form and content
of account5 set out in the Charities (Accounts and Reportsl Regulations 2008 other than any requirement
that the accounts give a 'true and fair view, which is not a matter consldered 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.
Page 9

The Parochial Church Council of the Ecclesiastlcal Parish of St. Margaret of Antioch, Lee
Independent Examiner's Report to the trustees of The Parochial Church Council of the
Ecclesiastical Parish of St. Margaret of Antioch, Lee (continued)
Tim Sullivan FCA
Fleld Sullivan Limited
9 Hare & Billet Road
Blackheath
SE3 ORB
Date..
Page 10

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Lrt Ln
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LU tt U P- Q Z 19

The Parochial Church Council of the Ecclesiastical Parish of St. Margaret of Antioch, Lee
(Registration number: 1132139)
Balance Sheet as at 31 December 2024
2024
2023
Note
Fixed a5set5
Tangible assets
Investments
13
82,976
34,397
3,779
33,637
14
117,373
37,416
Current asset5
Debtors
15
71,403
424,218
93,079
563,434
Cash at bank and in hand
16
495,621
656,513
Creditors: Amounts falllng due wlthin one year
17
145,242)
156,2261
Net current assets
450,379
600,287
Net assets
567,752
637,703
Funds of the charitv:
Restrlcted
52,592
63,064
Unrestrlcted Income funds
Designated funds
General funds
6,120
509,040
109,750
464,889
Total unrestricted
515,160
574,639
Total funds
19
567,752
637,703
The financial statements on pages 11 to 27 were approved by the trustees, and authorised for issue on 8 May 2025
and signed on their behalf by:
Reverend Manuela Schmucki
Trustee
The notes on pages 13 to 27 form an Integral part of these financial statements.
Page 12

The Parochial Church Council of the Ecclesiastical Parlsh of St. Margaret of Antioch, Lee
Notes to the Financlal Statements for the Year Ended 31 December 2024
I Charity status
The charity is domlcSled in England and Wales.
The address of Its registered office is..
St Margaret's Visitor's Centre
Brandram Road
SE13 SEA
These financial statements were authorised for issue by the trustees on 8 May 2025.
2 Accountlng pollcies
Statement of compliance
The financial statements have been prepared in accordance wlth Accounting and Reporting by Charities:
Statement of Recommended Practice applicable to charities preparSng their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} (effective l January 20191
Icharlties SORP IFRS 1021 Second edition October 20191, the Financlal Reporting Standard applicable In the UK
and Republlc of Ireland IFRS 1021. They also comply wSth the Companies Act 2006 and Charitles Act 2011.
Basis of preparatlon
The Parochial Church Council of the EcclesSa5tical Parish of St. Margaret of Antloch, Lee meets the definition of a
public benefit entity under FRS 102. The accounts IfSnancial statements) have been prepared under the hSstorical
cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notelsl
to these accounts.
Golng concern
The trustees consSder that there are no material uncertaintles about the charlty's ability to continue as a going
concern.
Judgements and key source5 of estimation uncertalntv
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and
assumptions about the carrying amount of a55ets and liabilitles that are not readily apparent from other sources.
The estimates and associated assumptions are based on hlstorical experience and other factors that are
consldered to be relevant. Actual results may differ from these estimate5.
The estimates and underlying assumptions are reviewed on an ongolng basis. Revisions to accounting estimates
are recognised in the periods in whlch the estimate is revised where revislons affects only that period, or In the
period of the revision and future periods where the revlsSons alfects both current and future periods.
Page 13

The Parochial Church Council of the Ecclesiastical Parlsh of St. Margaret of Antioch, Lee
Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)
Income and endowments
Voluntary income including donations, glfts, legacles and grants that provide core funding or are of a general
nature is recognised when the charity ha5 entitlement to the income, it is probable that the income will be
received and the amount can be measured with sufficient reliability.
Donatlons and legocles
Donations and legacles are recognised on a receivable basis when receipt is probable and the amount can be
rellably measured,
Gronts receivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants
have been met. Where performance conditions are attached to the grant and are yet to be met, the income is
recognised as a liability and included on the balance Sheet as deferred income to be released.
Investment Income
Dividends are recognised once the dividend has been declared and notification has been received of the dividend
due.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable
settlement is required and the amount can be measured reliably, All costs are allocated to the applicable
expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attrlbuted to
particular headlngs they have been allocated on a basis consistent with the use of resources, with central staff
costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use.
Other support costs are allocated based on the spread of Staff c05t5.
Rolslngfunds
These are costs incurred in attracting voluntary income. the management of investments and those incurred in
trading activities that raise funds.
Charitable activitles
Charitable expenditure comprises those costs Incurred by the charity in the delivery of its activities and service5 for
its beneficiaries. It includes both c05ts that can be allocated directly to such activities and those costs of an indirect
nature necessary to support them.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent
with the use of resources, for example, allocating property Costs by floor areas. or per capita, staff costs by the
time Spent and other costs by their usage.
Page 14

The Parochlal Church Council of the Eccleslastical Parish of St. Margaret of Antioch, Lee
Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)
Taxatlon
The charSty Is considered to pass the test5 set out in Paragraph I Schedule 6 of the Flnance Act 2010 and therefore
It meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity Is
potentially exempt from taxatlon in respect of income or capital galns received within categories covered by
Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Galns Act 1992, to
the extent that such Income or gains are applied exclusively to charitable purposes.
Tan8ible flxed assets
Consecrated property which is the church building and moveable church furnishings are excluded from the
accounts by virtue of s. 10 Charities Act 2011. All expenditure incurred during the year on consecrated or benefice
building and moveable church furnishings, whether maintenance or improvement, is written off.
Apart from the above. the PCC has stewardship over certaln properties and other assets of material value. This
includes, but is not restricted to, the Kingswood Halls and the Visitor's Centre. The PCC has excercised its option
under the Charities SORP not to reflect the value of these assets as fixed assets in the balance sheet as it is
considered that significant cost5 would be involved which would be onerous compared with the additSonal benefit
derived by the users of the accounts in assessin8 the PCC'S stewardship of the assets.
Depreciation and amort15atlon
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual
value, over their expected useful economlc life as follows:
Asset class
Office equipment
Furniture and fiitings
Plant and machinery
Depreciation method and rate
25Yo Straight line
25tyA straight line
IO% straight line
Fixed a55et investments
Fixed asset Investments, other than programme related investment5, are included at market value at the balance
sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and
their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement
of Financial Activities in the perlod of disposal.
Unrealised galns and losses represent the movement in market values during the year and are credited or charged
to the Statement of Financial Activities based on the market value at the year end.
Trade debtors
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost
Using the effective Snterest method, less provision for impairment. A provlsion for the impairment of trade debtors
Is established when there is oblective evidence that the charity will not be able to collect all amounts due
according to the original terms of the receivables.
Page 15

The Parochlal Church Council of the Ecclesiastical Parish of St. Margaret of Antioch, Lee
Notes to the Flnancial Statements for the Year Ended 31 December 2024 (contlnued)
Cash and cash equlvalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid Investments
that are readily convertlble to a known amount of cash and are subject to an insignlficant risk of change In value.
Trade Credltors
Trade ¢redStors are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppllers. Accounts payable are classifled as current liabilities If the does not have an unconditional
rlght, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the
reporting date. If there Is an unconditional rlght to defer settlement for at least twelve months after the reporting
date, they are presented as non-current liabilities.
Trade creditor5 are recognised initlally at the tran5actSon price and subsequently measured at amortSsed cost using
the effective interest method.
Fund structure
Unrestricted Income funds are general funds that are available for use at the trustees discretion in furtherance of
the objective5 of the charity.
Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.
Restricted income funds are those donated for use in a particular area or for Specific purpose5. the use of which is
restricted to that area or purpose.
Pensions and other post retlrement obligations
The charity operates a defined contribution pension stheme which is a pension plan under which fixed
contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further
contributions even if the fund does not hold sufficient assets to pay all employee5 the benefits relating to
employee service in the current and prior periods.
Contributions to defined contribution plans are recognised In the Statement of Financial Activities when they are
due. If contribution payments exceed the contribution due for servlce, the excess is recognised as a prepayment.
Page 16

The Parochlal Church Council of the Ecclesiastical Parlsh of St. Margaret of Antioch, Lee
Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)
3 Income from donations and legacles
Unrestrlcted
Total
2024
Total
2023
Designated
General
Restricted
Donations and
legacies;
Donation5 from
Individuals
2,748
1,506
6,397
10,651
8,877
1,000
21,016
Legacies
Gift ald reclalmed
19,196
19,196
Grants, including
capital grants;
Listed Places of
Worship
The DSocese of
Southwark
2,037
2,037
5,507
1,050
1,050
595
The Merchant
Taylors,
Foundation
Other small grants
The Lee Charlty of
William Hatcllffe
1,000
1,000
12,1601
1,000
300
12,1601
12,1541
12,1541
2,028
Financial
stewardship
76.358
76,358
74,129
2,748
101,147
2,083
105,978
114,452
4 Income from charitable actlvltles
Unrestricted
Total
2024
Total
2023
General
Rental income
118,141
22,846
118.141
22,846
114,062
26,517
Other income
140,987
140,987
140,579
Page 17

The Parochial Church Councll of the Eccleslastlcal Parish of St. Margaret of Antioch, Lee
Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)
5 Income from other tradlng actlvlties
Unrestricted
Total
2024
Total
2023
General
Events Income,.
Other events income
Telecommunlcations Mast
11,514
14,475
6,230
11,514
14,475
6,230
13,297
15,475
8,060
Car park
32,219
32,219
36,832
6 Investment Income
Unrestrl¢ted
Total
2024
Total
2023
General
Restricted
Interest receivable and slmilar income,.
Interest receivable on bank deposlts
Income from unlisted investments
Income from unlisted investments
19,365
19.365
14
922
17.244
13
14
922
910
19,365
936
20,301
18,167
Page 18

The Parochlal Church Council of the Ecclesiastical Parish of St. Margaret of Antioch, Lee
Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)
7 Expenditure on ralslng funds
al Costs of generatlng donatlons and legacies
Total
2024
Total
2023
Concerts, events and fundraising activities cost
16,854
19,529
8 Expendlture on charitable activltles
Total
2024
Total
2023
Note
Diocesan Parish Support
Interregnum fees
Church running expense5
Director of music and organists
Cholr and music
115,000
2,230
53,816
8,087
529
105,000
1,079
38,796
8,205
502
Organ expenses
Community Garden Project
Church malntenance
3.174
4,829
21,611
7,594
69,583
264
3,356
4,714
48.537
4,764
70,985
1,616
91,452
Appea15
Staff costs
io
Casual wages
Support Costs
66,625
353,342
379,006
Page 19

The Parochial Church Councll of the Eccleslastical Parish of St. Margaret of Antioch, Lee
Notes to the Financlal Statements for the Year Ended 31 December 20241continued)
9 Analysis of support costs
Support costs
Total
2024
Total
2023
Hall runnlng expenses
Website and IT equipment
Telephone and fax
Clergy expenses
Printing, postage and stationery
Sundries
Independent examSnation
Legal and professional
Bank charges
Depreciation
41,160
1,395
1,408
807
74,180
2,094
1,497
375
5.272
2,050
2,808
3,873
2,201
2,700
2,107
467
1,958
402
11,323
66,625
91,452
10 Staff costs
The aggregate payroll costs were as follows..
2024
2023
Staff costs durlng the year were:
Wages and salaries
Pension costs
65,187
4,396
65,947
5,038
69,583
70,985
Page 20

The Parochial Church Council of the Ecclesiastical Parish of St. Margaret of Antioch, Lee
Notes to the Financlal Statements for the Year Ended 31 December 2024 (continued)
The monthly average number of per50n5 (including senior management / leader5hlp team) employed by the
charity durlng the year expressed as full time equivalents was as follows:
2024
No
2023
Charitable activities
412023 21 of the above employees participated in the Defined Contribution Pen5Ion Schemes.
No employee received emoluments of more than £60,000 during the year
11 Trustees remuneration and expenses
During the year the charity made the followlng transactions with trustees:
Duncan Atklnson
Duncan Atkinson received remuneration of £6,12012023: £6,120) durlng the year.
Duncan Atkinson is the Director of Music, as well as a trustee, and he was paid the above for provislon of music.
Nakessa Morgan
Nakessa Morgan recelved remuneration of £9,26912023: £8.7921 during the year.
Nakessa Morgan Is the Finance Officer, as well as a trustee. She wa5 paSd the above for her Finance Officer
position.
No trustees have received any reimbursed expense5 or any other benefits from the charity durlng the year.
12 Taxation
The charity is a registered charity and is therefore exempt from taxation.
Page 21

The Parochlal Church Council of the Ecclesiastical Parish of St. Margaret of Antioch. Lee
Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)
13 Tanglble flxed assets
Furnlture and
equipment
Total
Cost
At l January 2024
AdditSons
7,832
90,520
7,832
90,520
At 31 December 2024
98.352
98,352
Depreclation
At l January 2024
Charge for the year
4,053
11,323
4,053
11,323
At 31 December 2024
15,376
15,376
Net book value
At 310ecember 2024
82,976
82,976
At 31 December 2023
3,779
3,779
14 Fixed asset Investments
2024
2023
Other unlisted investments
34,397
33,637
Other investments
Unlisted
Investments
Total
Cost or Valuatlon
At l January 2024
Revalu3tlon
33,637
760
33,637
760
At 31 December 2024
34,397
34,397
Net book value
At 31 December 2024
34,397
34,397
At 31 December 2023
33,637
33,637
Page 22

The Parochlal Church Council of the Ecclesiastical Parish of St. Margaret of Antioch, Lee
Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)
15 Debtor5
2024
2023
Trade debtors
25,576
1,986
12,624
31,217
22,588
2,976
10,926
56,589
Prepayments
Accrued income
Other debtors
71,403
93,079
16 Cash and cash equlvalents
2024
2023
Cash on hand
1,889
422,329
2,367
561,067
Cash at bank
424,218
563,434
17 Creditor5: amounts falllng due wlthln one year
2024
2023
Trade creditors
7,178
732
40,336
2,665
5,475
7,750
Other taxation and social security
other creditor5
11.292
26,040
Accruals
45.242
56,226
18 Penslon and other schemes
Defined contrlbutlon penslon scheme
The charity operates a defined contribution pension scheme. The pension cost charge for the year represents
contributions payable by the charity to the scheme and amounted to £4,39612023 £5,038).
Page 23

The Parochial Church Council of the Ecclesiastical Parish of St. Margaret of Antioch, Lee
Notes to the Financial Statements for the Year Ended 31 December 2024 (continued)
19 Funds
Balance at
31
December
2024
Balance at
l Januarv
2024
Other
recognlsed
galns/{lossesl
Incoming
resources
Resources
expended
Transfers
Current perlod
Unrestricted
General
General Funds
464,889
293,718
{252,9611
3,394
509,040
Designated
St Margarets
Bulldlng Fund
School Outreach
101,500
8,250
196,0501
17,5801
5,450
670
2,748
12,7481
109,750
2,748
1103,6301
12,7481
6,120
Total unrestrlcted
574,639
296,466
1356,5911
646
515,160
Restrlcted
Brandram Prlze
Fund
5,006
14
14,5241
li
507
Fabric Fund
North West Porch
7,617
7,617
Kingswood Halls
Fund
33,141
7,800
4,269
922
15,8001
12,0701
4,878
749
33,890
5,730
Music Fund
ESOL Classes
14,2691
Syrlan Refugees
Fund
1,045
1451
11,0001
Other outreach
activities
3,642
544
5.250
1,147
15.7351
3,157
1,691
Organ Fund
63,064
3,019
113,6051
16461
760
52,592
Total funds
637,703
299,485
1370,1961
760
567,752
Page 24

The Parochial Church Councll of the Eccleslastical Parish of St. Margaret of Antioch, Lee
Notes to the Flnanclal Statements for the Year Ended 31 December 20241continued)
Prevlous perlod
Balance at
31
December
2023
Balance at
l January
2023
other
recognised
gains/l1055e51
Incomlng
resources
Resources
expended
Transfer5
Unrestrlcted
General
General Funds
666,671
298,185
{390,0441
1109.9231
464,889
Deslgnated
St Margaret5
Building Fund
School Outreach
101,500
101,500
8,250
8,250
8,250
101,500
109,750
Total unre5trlcted
674,921
298,185
1390,0441
{8.4231
574,639
Restrlcted
Brandram Prize
Fund
Fabric Fund -
North West Porch
4,951
13
42
5,006
7,617
7,617
Kingswood Halls
Fund
Music Fund
20,976
8,000
4,269
910
8,423
2,832
33.141
7,800
4,269
12001
ESOL Classes
Syrian Refugees
Fund
Other outreach
actlvlties
1,045
1,045
1,555
8,350
16,2631
3,642
The Lee Charity of
William Hatcllffe
2,028
544
12,0281
Organ Fund
544
48,413
11,845
18,4911
8,423
2,874
63,064
Total funds
723,334
310,030
1398,5351
2,874
637,703
Page 25

The Parochlal Church Council of the Ecclesiastical Parlsh of St. Margaret of Antloch. Lee
Notes to the Financlal Statements for the Year Ended 31 December 2024 (continued)
The specific purposes for which the funds are to be applied are as follows..
Purposes of Designated Funds..
St Margarets Building Fund, is to finance improvements and repair5 to the internal and external fabric of the
Chruch.
School Outreach Fund, to finance the essentla15 for vulnerable families such as food vouchers, bedding and winter
shoe5, and also subsidise enrlchment activities such as extracurricular clubs, learning a musical instrument and
school trips.
Purposes of Restricted Funds..
Brandum Prize Fund represents the value of Brandram Prize Fund held under investments.
Fabric Fund represents donations received towards cost of improvement works to the North West entrance.
Kingswood Halls Fund represents value of Lee St Margaret Parish Room Fund held under Snvestments and
donations received towards repairs and improvements to Kingswood Halls.
Music Fund represents donatlons received towards the cost of certain expenditure relating to church music.
St Margarets Building Fund, represents donations and legacies recelved towards major improvement works to the
internal and external fabric of the Chruch.
ESOL Classes Fund, represents donations and grant5 received towards funding ESOL classes (English for Speaker5 of
Other Languagesl. Project tame to an end and surplus returned to funders.
Syrian Refugees Fund donation5 ra15ed to help Syrian famllles arrlng In the UK. Project came to an end and it was
approved for the surplus to be transferred to the general fund,
Outreach Activities funds for children activites held at the church.
Organ Fund - donations received towards the cost of certain expendlture relating to church organ.
Transfer from Brandum Prize Fund to King5wood Halls Fund to correct a m15POSting between these two funds and
bring them to the correct closing position.
Transfer from the Syrian Refugees Fund to the geneal fund - prolect came to an end and It was approved for the
surplus to be transferred to the general fund.
Transfer to the Organ Fund from the general fund to cover the overspending.
Page 26

The Parochial Church Council of the Ecclesiastical Parlsh of St. Margaret of Antloch, Lee
Notes to the Flnancial Statements for the Year Ended 31 December 2024 {continued)
20 Analy51s of net assets between funds
Current perlod
Total funds at
31 December
2024
Unrestricted funds
General
Deslgnated
Restricted
funds
Tangible fixed a55ets
Fixed asset investments
82,976
82,976
34,397
495,621
145,2421
34,397
18,195
Current assets
471,306
145,2421
6,120
Current liabS1ities
Total net assets
509,040
6,120
52,592
567,752
Prevlous perlod
Total funds at
31 December
2023
Unrestricted funds
General
Deslgnated
Restricted
funds
Tangible fixed a55ets
Fixed asset investments
3,779
3,779
33,637
656,513
156,2261
33,637
29,427
Current assets
517,336
156,2261
109,750
Current liabilitles
Total net assets
464,889
109.750
63,064
637,703
21 Related party transaction5
There were no additional related party transaction5 in the year beside those detailed on note 11.
Page 27