SÉ Michael's Southfields Annual report and financial statements for the year ended 31 December 2024 Charity Registrdtion number. 1151881 Company Registralion numtw. 08337329
St Michael's Soiithfields Anniial rei)ort and financial slatement8 for the year ended 31 December 2n23 content.s Page (vcncrAI infniinxlinn Anniial rci)nrl 41¥t¢menl of thc rcspnn%il)ilitici of ihc Iru%lc(s Indci)cndenl cxamincr'$ rci)orl Balance sheet ststemcnt of financial activitic4 Cashfiow statcmcnt Notes to the financial ststements
St Michacl's Soiiihfield. Anniial rei)nrt and financial statements for the year ended 31 t)ecem ber 2024 Gcnei"al information Rcgistcred nffice 71 Winibledon Park Rc)ad S1)iiilificlds l.ondi)n SW18 51T Truste l Directors Mrs Katharine Elliott Mr Andrew l.ucas Mr Edward Hicks Mrs Jcssica Harwood Mrs Elizabeth Jukes (appointed 26 Febnwy 2024) Corpordie Trustee: PCC of St Michael & All Angels with St Stephen, Wandsworth Secretsry Rev Stephen Melluish Honorary Treasurer Mrs Elizabeth Jukes Bankers 25 Kings Hill Avenue Kings Hill Wesi Malling Kent MF.19 4JQ Independent F.xaminer IlelLn Wildman ALA IA)ndi)n
St Michael's Soiithfield.
Tnii4tces' annuAI rei)nrl (inrlii(lin2 dirttlnr8' rrpnTI)
Aim and iiuriM)se$
Ilii '1 jiii lil. %1 Miil);Icl'% Si)iiilifiLlds is IIIL advanLLiiicnl of Ihc Chri51ian fdilh. mainly within Ihc cnnfines nf Ihc
'.cilcsi.g%1 ji.211)..1rish i)r %1 MicliaL'I's %()iiilifiL.Ids and Ilie siirn)Imding arcas. "lthis aiTn is li) he achieved Ihrniiqh Ihc
pn)I'lSliin i)I"riircaii(It)al aiid i)11)er IALililic.%. naiiiely ai Ilralhway I lall. %ouihfields. f()r th(ise in need hy rcasnn or
IlILir qgL. iiilinnity Iir disability. linancial hardsliip or 8(Ki3l and econnmic circumstances. or for Ihc piihlic ai large in
Ilic inlLrcsls i)f SI1a1 wcifalt. Thc iibjccl ofsuch aclivilics is lo impmve the c()ndiiinn of life of said inhdhildnls. 'The
objcLiives 41rc carried i)ul &5 a pnKlamaiii)n (Ifilic bclicfs oul in Articlc 8 of the Articles of A.ssncialion dalcd 14
IXYiTnbcr 2012 (dalc of inci)ryx)ralic)n 191)eccinber 2012).
Objcftive5 and activities
lTre main objcctivcs of ihe fiiiancial ycar were:
Ensurc the sm(x)th occupalion of the apathcnts situated alx)vc Elrathway Ilall.
2. F.nsurc the conlinued mainienancc of the hall and apartmcnls.
3. To arrangc a progrllme of activiiies such thai thc hall would I used for ILS iniended puryJ05e. The purp05e
ofthe cominunity hall is lo provide facilitlcs and serviccs in line with Ihe charilable objcctives of Si
Michael's Southfields including: _ commwiity fccding progrdmmes - facilities and service5 for the homeless
- aclivilies for the elderly- services for disadvaniagcd familics and individuals and many more facilities and
services lo be agreed by the trusle(s.
Achievements and perfoman¢e
The monthly Friday evening Ukrainian Supper, for the refyees tleeing the war in Ukrdine. coniinued throughout the
year and was well attended and tnuch appreciai¢d by the Ukrainian community. The hall was regularly used to cook
soup for Sparkle. the inlergenerational project that nffjs twice a week at Si Stq)hen's Church and slaned a weekly
session at St Johll the Divine Churcty Farlsfield towards the end of 2024. The hall was also used throughout
December ?0?4 to prepare food bundles for those ex[lenCing hardship ai Cbristhias. 170 Christsnas hampers were
distributed to families in need.
St Michael's Church regularty used the ball for children's and youth activities as well as staff and volunteer training
days.
The hall was used throughout the year by Wandsworth Home Tuition Seryice, to provide tutoring io children that
could not allend school. Many ofthese children had found li difficult to return to school following the Covid
pandemic. Occasional hirers and users included Ncf (National Childbirth Trust) courses, a weekly NA (Narcotics
AnonyTnous) group, a local Rainl)ows pack and Little Explorers. a ioddler group. There were also several one-off
hirers during the year.
The apaments above the hall were (Kcupied throughout the year by employees of St Michael's Church.
IMC alternative contrdctor that was engaged io completr the snagging works on Brathway Hall. sutyered delays on his
other pmjects, therefore thi5 work is still ongoing and compldion is now expecled by the end of 20?5.
Financial review
I'otal income was £33,318 in 2024 (2023." L?8,703), which w&s pd0]nantlY derived from renlal income Irc)ni thL
Iwo apartments at Brathway Hall. There was no grdni incotne in the year (2023: £820). Church workers reiiled the
apartmenis at a subsidised reni generdiing rental income or£?5.800 {20?3: L?2.334). £7,3?3 (?0?3: £5.445) rLntal
income received for the hall bookings that Iwk place during the year.
l-.xpL'nditure for the year of £32.167 (?0?3: £33,426) consisied of £11.86] (?0?3: £12.935) in respect i)fuiilitlLS.
cleIng insurdnce. £15,000 {20?3: £15,000) ofsiiilTcnsls were paid lo Si Michacl's church f(Ir i)rthL"ir stdtl"
d £2.255 (20?3: £2,270) OfdccounlcY fees. bank charges and sundry expensL%. Ni) i]ili"rL'St Il'lis Pil!'
St Micliael'.s Soiitlifields lien't% i)nli¢!' 'IIIL n'Sl'n'l% Pi)IiLy Lii11iS li) Ill'tiiililll11 h'il¢llllL ()ii frLL fL'SLrvL%. hLillgT nLI ciirrLnt d%scls. (If411 IcAs13 m(Inili p'i!iiiii)1s. Al vi;Ir iT)d i)Ll Liirrciil &5SL'ls li)l¢illcd £22.476 (2023.. £18.274). 'I'hrLL m(Inihs unrc%lricled pAymenl% drL c%liii);)lid li) bl 10.(Inll. tructurc. Rnvernxnce and management 81 Michacl's S(iiiilificlds is a c()iiipaiiy liiniled by giiaraiilcc, inL()ry)ordlcd 191)ccembcr 2012 and regislcred with Ihc Cliariles Loininission on 2 May 2013. The Inislccs liavc Ci)ntrol of Ilic cliariiy aiid ils propcny dnd funds and opcrdte in Iiccordancc with the Articles nf A$8ociali()n. lThe meihod of appoinlrncnl of tru5lccs is sel out in die Aniclcs of Association. 'IThe trustecs and Secretary: as at 31 Decembcr 2024. arc nlea abovc under General Jnfonnation. The trnsiees are reSpOlb]C for making decisions on all maiters of general concern and importance to the Company, including deciding how the funds are lo be Spent. Thc trnstees mcl twice in 2024 (2023: twice). Day to day tnanagemeni of the Company is undcrtaken by thc Sccreiary logcther with a ieam of staff employed by the Parochial Church Council ("PCC") of St Michaels and All Angels, Southfields.
St Michael'.$ .4•Oiithfields 4tatcmcnl nf the n%i)nnsihilitic.4 (Trf Ihe trll$tCC8 11s{) IljrL( li)r% (If si MiiliAcI"8 %(MiilifTcldq f()r ihc piiryN)scs ()f c(InipAny law) Are resp(Insiblc fnr prip'irino Ilii l-nis1iiS' Aiiiiiiiil ()rt Aild IliL' linAllciAI slaicITicnls in dcc(IrddnLc will) applicdhle law And T Iniicd Kiiigdi)iii Acii)111)ling %i.qiid'irds (I Ii)iied Kingdi)In (iencrally Acccpicd Acc()iiniing PrAcllCC) incliiding P'R% 1112 '-IhL l.ii):Illil;al RLPi)rtiiig %iandtird appliiahlc in ilic IJK and Rcpublic of Ireland" L I)IIIP'4nN' I:IN' rLqiiifLS Ilic Inisiecs l(I prLpaTe finanLi411 slalcmcnls r()r each financial year which give a Inic and fair icii. i)l-tlic slaie i)[ alT.3iTs 1)Iihc charilil blc ci)mpany and ()f ihc inci)ming resources and applicalinn of rcs()iirces. 11)i liidiiig Illi inci)nic and cxpcndiiurc. (jf ihe cliarilablc ci)Inpany f()r ihdl PCri()d. In prcparing Ihesc financial talcmeni8. thc misiccs arc reqiiircd l(): sclcct si11lblc acci)iinling ]1(7c and Ilicn apply ihem consislcnily. i)bscrve ihc mcthiids and principlcs in thc Charilics SORP; - TT]ak"c judgmcnts and cstimai(s ihai arc reasonablc 3nd prudcnl: - slate whcther applicable UK Accounting Slandards have Ien followed; and - prcpare thc financial statcincnts on the going conccrn basis unlcss it is inappropriaie to presume that the charitablL company will conlinue in businLSS. The ffiisic(5 are rcsponsible for kccping adequaie accounling r¢cords that discloK with reasonable accurdcy at any time the financial posiiion of the charitable company and enable them to ensure that the fmancial statements comply 'ith the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and bce lor taking reasonable slcps for the prevenlion and deiection of fraud and other irregularities. In so far as the tnteeS arc aware". - there is no Televdnt inforniation of which the charitable cOrnpanS examinu is unaware. and - the Irustee5 have taken all steps that they ought to have taken to makc thetnselvos aware of any relevant infornlation and to establish that the independent examiner is aware ofthat iDfoTmallOn. The trustees are responsible for the nIntenance and inkgrity of the corporate and fjn2ncial inforniation included on the cllaritable company's websile, if applicable. Legislalion in the United Kingdom governing the preparation and dissemination of financial ststcments may differ from legislation in (thr jurisdictions. The Company bas taken advantage of the small companies, exemption in preparing the rewrt above. The truslees declare that they hav¢ approved the truste¢s' repK)rt (including direciors, reFM)rt) above. Signed on beh21f of the tharity's trslee$/dlreetors Name". Date: Sepiember 2025 Ddte: September 2025
St Michael'5 Soiithfield.s Indcpcndcnl c%amincr'% rri)Drl Report tn Ihc tru%tcc$ ••t Mirhacl'$ Sniilhfiel(l$ nn the accnuntq fnr year enilcil 31 Decem her 2023 (Chsrity Rcgi%lration niimhcr: 11$1881; C"omi)any Rcgislralinn number: OR337329) I ri)rt lii ihe il)'iril).' InisliLS l)n niy CX<qTiiinalll)l) ()fiiic acc()unl.s ()f ihe C()mpany fi)r Ihc year cndcd 311)ccemhcr .1$ Ilic cli'irit!. s ITusIL'LS (wlii) arc also ihc dircclims of ilic cOMnY fi)r thc PUryK)ses of c(Trmpany law). you arc res)nSibIC li)r IIIL prcpAralii)n iiflhc acci)unls in acci)rdaiicc with ihc requirements of ihe Companies Act 2(K)6 e'the 7006 Ail "l. Ilai'ino salisficd my5clf Ihai ihc accollnls of the CoinnY arc nol rcquired lo be audilcd for this year under Part 16 of Ihc •O(16 Acl and are cligiblc fi)r indendCnl cxaininalil)n, I rqM)rt in rcspccl ofmy examinaiion of your chartty"S accounts &$ carricd out undcr scclion 145 1)lthc Charilics Aci 2011 (-Ihc 201 l Act"). In carrying out my cxainination. I havc followcd the Dircclions given by the Chariiy Commission (under seclinn 145(5Xb)) of the 2011 .4cf. I have completed my examin2tion. I confinn that no material matlers have come to my attention which give me cau.se io bclicve thai= accounting rccords were noi kepi in accordancc with se10n 386 of the Companies Aci 2006: or the accounts do not accord with such rttorts. or the accounts do not con]ply with relevani accouniing requiremcnts undcr sedion 396 of the Companics Act 2006 other than any requirement thai the accounls give a 'trn¢ and fair, view which is not a matter considered as part of an independent examiDation' or the accounts have not been prepared in accordance with the Charities SORP (FRS102). I have no concern5 2nd have come across no otber matters in conneciiOD with the examination io which attention should be drawn in this reEM)n in order to enable a proper understanding of the accounts to be reache(t Helen Wildtllan ACA LA)nd0 United Kingdom ember 2025 IG Sept
St Michacl'.s Soiilhfielil. Balance sliect At 31 Decciiibcr 2024 21124 2023 NThtc Fixed assets 670.425 600.ooo 673.476 600.QQO I'aiigible &ssc15 Investincnls- siicial invcslTncn(s Current as$eL% Lash ai bank Dcbiors 24.1fv1 162 20.343 (1.850) (2.069) Credilors- amounls falling due wiuiin onc ycar 22,476 18.274 Iyct currenl #5sets 1,292,901 1291.750 Total assets IS current liabilities 1.292,901 1,291.750 Totsl net gssets FuDds 1,292.901 1.291,750 Restricted For the year ended 31 December 2024, the Company wa5 entitled to exemption from audit wider s477 of tbe Companies Acl 2006 rclating to small companies. The memlxrs have not required the Company to obtain au audit in accordance with section 476 of the Companies Act 2006. The directots acknowledge their responsibilities for complying with the qUIrements of the Companies Act with respect to accouniing records and the prepardtion of accounls. These accounts have been prepared in accordance with the provisions applicable to Small companies subject to the small companies regime. Signed on behalf of all the tsusiees Ndme.. Ddie 11 September 2025 SigriLd by direLlor. dudi¢iiiiLdliiig dccuwils beiiig senl to Companie5 11()U4L' N¢.. Date- 29 Sepiembcr ?0?5
St Michael's Soiitlifield.8 Statcnient of financial activities For Ilie year eiided 31 Deceinber 2024 Totsl 2fi24 Tolal 21123 re8trictcd Rc.gtric¢ed Nntc Income l)(iii'ilii)ns aiid legacies ()tlier tradiiig acliiiilics Inlercst income 820 27,779 104 2b 2c 33.273 45 33,273 45 33,318 28,703 Totsl income 33,318 Rcsources used Charitsble aciivilics Managcincnl and athninistralion Inlcresi payable Depreciation (12,935) (17,270) (170) (3,051) 3a 3b (11,861) (11,861) (17.255) (17,255) (3,051) (3,051) (32.167) (32,167) 3d (33,426) Totsl resourc(% used 1,151 1,151 (4,723) Net incomel(deficit) for the year
St Micliael's Soiitlifield Casliflow Statement For tlie year elided .31 Deceinber 2024 2n24 2023 Notc Cash flows fn)m oi)eratin2 activitie8 Nci cash providcd by (used iii) ()pcrdling aciivilics 3.821 3.272 Cash flows from financing activities Repayneni of10S advaticcd Ilank ii)leresi paid (14,602) (170) Change in cash in the year 3,821 (11,500) Casb at l January Cash at 31 December 20.343 24,164 31.843 20.343 Note a: Reconciliation of net movement ill funds ¢0 net cash flow from operating activities Nei movement in ftwds 1.151 (4.723) Adjustments for: BaDk inEeresi paid (Increaseydecrease in dcblors IDecTeaseyincrease in creditors Deprcciaiion 170 5,04) (271) 3,051 (162) (219) 3,051 3,821 3,27?
St Michael's Soiitlifields Notes to the financial statements roi" tlie year elided .31 Deceiiiber 2024 Ilasis of preparation 11)csc acci)iinis liavc bccn preparcd iitider Ilic l)i.s1()rical ciisi c(mveniinn with ilcms reCognid at cost or trdnsdciion I'aliie iinlcss nillerwisc slated in the relevaiil ni)lels) i() Ilie8e aLcniinls. Thc accoiinis have en prcparcd in acci)rddiicc wilh Ihc %iaiLincni of Ilccommendcd Practi¢e-. Accounting and Repi)ning by Chariiics prepariiig d)eir dCCI)Iillis iii acc(Irdance willi the l.inancidl Rewrting .Siandard applicdhle in the LTK and Rcpublic ofirclai)d a."Il8 102) is%ued on 16 July 2014 and willi Ihc Chdfiiies Act 2011. The charity COn8liiuics a public bcnelit ciility a% dcfincd by l.'RS 102. Thc accounts prc5cnt a truc and fair view and changc5 have bccn made to the accounting policies disclosed below. GoinR COllCCrn Having considered the forecast aetivily for the 12 month pcriod from Ilie dale of the approval of these f&nancial statemenis, the director5 have prepared the financial sidicents on the basis of going concern. Accounting policies Income: Recognition of income= Income is included in the Siatcment of Finaucial Activilie51'SOFA') when the charity becomes entiiled to the resourccs, it is more likely than not that the trustces will reccive the resources and the monetary value can be estimated with sufifictent reliability. Offsetting: There ha5 been no offsetting of assets and liabilitie4 or income artd expenses, uDle5s required or peTmined by the FRS 102 SORP or FRS 102. Grants and donations: Grants and donations are only included in the SOFA wbell the general imcome recognilion criteria are met. Tax reelaims on donations". Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and IS treated as an addiiion lo the same fimd 2$ the initi21 donation unless the donor or the ternis of the appeal have specified otherwise. Interest income: This is included in the accouDts when receipt is probable and the amount receivable can be measured reliably. Liability recognitiott: Liabilities are recogtiised where it is more likety than not that there is a legal or constsuctive obligation committing the charity lo pay out resources and the dmount of the obligation can be measured with reasondble Lertainty. Intertst payable: This is included in the accounts when paymellt is probable and the amowit payable can be measured reliably. Tangible fjxed assets- land and building5- Upon compl¢lion of the con5trnclion of the asset. the cost of the land 4d buildings (excluding the social investsnent- see below) was trdnsferred out of assets under construciion. The ]and and buildings are held at valuation less provision for any impairmeni. Tangible fjxed assets- fixtures and fittiDg$: Upon Completion of the constrnclion of the assei. the cosi offixturls dnd lilling%, was transferred nul of assets under eonstsuclinn. Fixiiires and fittings ¢we held ai cci.8t, net ()t di'prL'Lkilii)ll d provision for dny itnpainnenl. Depciall0n is provided lo wriie off tlie casi. les.s eslimaled residijal value. i)ll Strdight linc basis over its eXCled use1 economic life. lThe useful economiL life h¢lS been deleniiiiieil 10 yea. Fixed assets_ social investment: S(Jeial investmenis incliide pri)gYramme relcllL'd invL'stsiieiils whiLh arL' held specificdlly to endble tliird parties io undertake pdniculdr aciiviiies u8iiig Ihe dssLt Iliiii Ll)iiiribiiiL Ii) thL LhciriiablL objeciives ()f st MichdLI's. %(iudifields'. Ilp(In ccimplLiion ofihe ci)n.%iniLii(Iii i)I'il)e a%%LI. thL L().%i iJl'ihLi %iKj¢il investment was IrdnsfLtred i)ul ()f dSSLiS undLf Ll)nslruLli()n. 'I'lle.4(14l invL%liiiLiil. hL'ITlg) IIIL Iip(Inii)viils 11)aLk availablc for church workers dl siib%idisLd rLiii, drL' Iicld ill Vcqlikiiii)11 IL'.%% pri)vi.%ii)n l()r ¢llly iIIIP<iilli)Ll)l.
St Michael?s Soiitlifields Notes to the financial statements For tlie year ended 31 Deceinber 2024 l)ehtors: l)ebi()rs (includii)g IrddL debii)rs aiid l()dns rc¢eivtiblc) are measured ()Tr inilial rec()gnilinn at scttlcmenl 'Il)Ii)iini aller liny trade disc()Ullls (Ir ain()Ulil ddvaiiccd by Ilie clK2riiy. Suhscqucntly. they arc ffieasured ai the cash nr c)Ilier considerdii()n cxpeacd i() bc reLClVCd. Ineome Unregtricted Restricted Fund.$ Funds Totsl funds 21124 2a Donations and Ic2acies Donaiions and legacies (n()n Cjift Aid) DoT)aii(Ins (Gift Aid) Tax recoverable on donaiions Grant incoine 2023 820 820 2b Trading activities Renial inc()Ine- apartments Rental income- hall Other income 25,800 7.323 150 25,800 7,323 150 22.334 5,445 33,273 33.273 27,779 2c. Interest income 45 45 104 Total incoming resources 33,318 33.318 28.703 io
St Michael's Soiitlifields Notes to the financial statements For tlie year elided .31 Deceinber 2024 Resources used Unreqtricted Regtricted Tntal fund 2024 3a. Charitshle activities ljiiliiic%. clcaiiing and insuraiicc 2n23 11,861 11.861 12.935 11.861 11,861 12.935 3b. Management and administration Re-charged Staff costs Bank charges Accouniancy fees and sundry eXpe¢S 15,000 15.000 60 2.195 I5.0) 60 2.210 2,195 17,255 17,255 17,270 3£ Loan interest paid 170 3d. Depreeia¢ion 3,051 3,051 3.051 Total resources used 32.167 32,167 33,4?6 The entity had no employees in the perio(L
.st Michael's ,Sniithficld.8 Notes to the financial statements For Ilie year elided 31 Deceinber 2024 Tangible asscLI Lonil anil Fixture.¥ and rittin29 Tntsl CosUvaluatiDn At l January ?024 Addiiii)ns Revaluation 645.OQO 40.680 685.680 At 31 December 2024 645.000 40.680 685.680 Depreciation At l January 2024 Charge (12,204) (3.051) (12,204) (3.051) At 31 December 2024 (15,255) (15255) Net bookvalue At 3 1 December 2023 645,000 28.476 673,476 At 31 December 2024 645,OlJO 25,425 670,425 The constCtIon of the Rrathway Hall 855et in¢utted building costs of £648.240 plus capitalised building fees (inclLLding architect's and surveyors. fees of£55,491 and fance fees of £l1.536.). The ttusiees consider tbe as5el to comprise the land and buildings, which are beld at the tmstees, assessment of open Mae1 value using input fro IIKal Val110n expert5, and tbe subsidised ap8rtsIienls de available to church employees, which are held at the Lrusiee's valuation as a social invth)ent {see nole 5.) Fixed assets- social inve5tmeDt Total Valuatio Ai l Janu¢ry 2024 Ilevdlu4ilion 600.000 Al 31 December 2024 61111,0111) Ilank occounts T1Tre Ci)mpwiy h&$ one ciirreni dcLniiiii wilh LAI.'1141nk. As IIiTid4 wLrL' LXPLIIL.d Iii be iililiSL'd iviihin J s111)rt stkice of Itiiie given the low inlercsl rdles iii Ilie fin£inciJl yL(Ir. it Wcls ni)I deLmcd nL'Le%4¢1ry 1() sei up a deposii accounl. 12
St Michael's Soiitlifields Notes to the financial statements For tlie year ended 31 December 2024 l)ebtDrs 2024 21)23 Oilicr dcbiors 162 162 At 31 December Creditors: amounts falling due within one year 2024 2023 1,000 850 1,000 1,069 Ten3nis' deposits Oiher creditors 1,850 2.069 At 31 December 13
St Michael's Soiithfields Notes to the financial statements For the year ended 31 December 2024 Rc4tricted funds Conitruction #nd operation of Br2thw¥y Hall futtd Opcning balance Inci)ine Fxpcnses 1.291.750 33.318 (32.167) At 31 December 2024 1.292.901 The Restricled Fund above can only used iti connec11 with the constmction. now complete(L iujd operdtion of Braihway Hall. being a community hall with two aparth]enis alM)ve the hall. Such costs include. An addition to the actual Collstrnction costs. all ftts gss(Kiaied with the welitninary works and permissions as well as all costs associated with procuring fullnce for the building. ii. Related party traosactiotts The PCC. which 15 a trustee of St Micbael's SouthfJeld% was the guardnior of the £450.000 mortgage provided to Si Michael's Southfielits by Kingdom Bank. During the yrdr ended 31 December 2023, the outsianding liability was repaid in full. Staff costs of£15.O¢KI (2023: £15.0(M)) were recbarged to Si Michael'5 Southfiel(ts by the PCC ill re5cl of employees providing seNices io this eDlity. 14