PAROCHIAL CHURCH COUNCIL OF STrEATHAM HIL¥ sr MARGAREf THE QUEEN BARCOMBE AVENU STREATHAM HIL4 SW2 3BH REPORTS AND ACCOUNTS FOR THE PERIOD 1st JANUARY 2021 to 311t DECEMBER 2021
OFFICERS AND ADVISORS PCC Members Chalr". Ven Slm(m Gates Thomas StantMJry Tony Emers Devdopment Board Members Doug Ross Charlty Number 1188698 Reglstered Date February 2020 Reglstered Offi Kirtyon Area Eplx(pal Oflke, 620 ngstOn Road, Raynes ParK Bankers Naiwest Bank 54 Streatham Hlgh Road SW16 IBZ
St Maryaret the Quee Streatham Hlll Reports and Flnanckil Ststements 2021 copirENTS Page Actlvlty for the year Independent Examinerfs Report 11 ststement of Assets and Llabllitles 12 Receipts and Payments Account 13 PayffEnts 14 Notes to the Rnandal Statements 15
St Maryaret the Queen. Streatham Hill St. Margaret the Queen Parochlal Churth Councll IPCCI has the respon5ibilty of cooperatlnB With the Priest In Charge, the Ven Simon Gates, in promoting in the ecclesiastical par55h, the whole mlsslon of the Church, pastoral, evangelistic, social and ecumenical. The PCC is also speclfically responsible forthe maintenance of the Church Building and Hall of St. Mar8aret the Queen, Streatham. Mlssionl Aims Parochlal Church Council of St Margaretthe Queen aim5 to serve the practical and spiritual needs of its surroundin8 community, providing improved facllltles. including a blend of intergenerational links and creating Posltive social connection5 and relationships; We promote the ecclesiastical mi55ion of the church, the good news of Christ and work of God's klngdom - love, justice and peace. By seeking the well-being of our local community to build feelings of belon8in8 and reduce loneliness and isolation. - to maximise the buildin& tacklln8 Inequalities and advanclng rights, promoting the value of diverslty, local identity and culture and the positive elements of local distinctiveness within the wider community at the core sense of the Christian misslon of the Church, its commitment remains developing contemplative core through a monastic community SUPPOrting the welfare and activities of local resldents Actlvlty for the year St Margaret the Queen continues to be committed to its Mission of bein8 a 'Community Hub,, discovering new ways for the church building to be of servfjce to the local a3. The vision to 'turn the church inside out, is now realised wrth completion of capital work5, relevance to the buildin8 of community networks, providing support and enablin8 people to become more actively involved. St Margaret is focused on tacklin8 inequallties and advancing the rights of part of this disadvantaged community in the 20% most deprived area in England, consisting dis-advantaged youn8 people and communities with both economic and cultural disproportionality. supporting vulnerable families, providing space for young and older people groups and volunteers to SUPPOrt the various users. Impact of Pondemic The sporadic changing of lock down rules produced a challen8in8 time of continuous change where agile flexibility has created resilience for the organi5ation in the disruption of normal operations. While construction was underway. we experienced reduction in rental income, a lack of safe Space for young people, volunteering and local groups to meet for social networking.
During the pandemic. the community has had increased loneliness and Isolation leading to increased mental. physical health and wellbeing. This resulted in massive expansion of the Food bank to service the increasing demands, whilst also obseriing S¢xial distancing rules thu5 the main South London distribution ntre stretched to full tapactty: serving the four boroughs of Lambeth. Lewisham, Southwark and Wandsworth. All food parcels were bein8 delivered, feeding over 100 famllies a day. The Christmas season 15 always a huge task yet exciting to ensure familie5 have a soft landing on the pains and grief of the pandemic. Current evidence dictstes communlty capacity building to open out the work of the food bank and other activities, in the Immediate weeks and months in the New year 2022 and for the service to be not only aboutfood but also mental health and well-beln8. money management and lifestyle courses and debt advi. Bulldlng fabric report As the year opened in January. thescaffoldlngs were up with such excitement and vigour. The capitsl works continued in eamest and was completed on time and within budget in May, ensurin8 that we are able to continue to SUPF)Ort the recovery and renewal of our communlty POSt- pandemic, Although there is further work to be done on the exterior and Interlor of the maln church bullding, the run-down buildin8 fabric lent itself to the capital project completed in May 2021 to create a safe, accessible space consisting of a new kitchen, refurbish the ancillary spaces to the northeast part of the church site, incorporatin8 a complete 'wind and weather-tight, and 'health and safety, overhaul. The main struttures. seNces and finlshes have been fully up8raded to suit the proposed future uses. "1 Scaffolding up and work begins with excitement
We raised a total of £944.IXI), a little shy of the £lmillion budgeted for in our fundraising strate plan. A big thank you to all our generou5 donors: The Big Lottery.. Reaching Communitie5 grant, The Lockwood Charitable Foundation, Garfield Weston Foundation, All Churches Trust, Bernard Sunley Foundation, The TudorTrust. The Laing family Trust, National Churches Twst and Southwark Diocese. Main Hall transfomiation I Ir Main hall under construction New accesslble WC
The plans are designed to ensure maximum flebilIty for the wide range of users to be engaged with, including multi-purpose space. meeting rooms, keep fit and other physical attivities, up-to-date toilets and di5abillty access. As the economy opens and lockdown ends. a part of the existing floor area associated with the remainder of the church building used by the food bank will be available to support the range of proposed uses with physical works limited to 'wind and weathertlghy. 'health and safety and enabling of basic functionality of use. After: New KItn converted from li8ht well Before: Ll8ht well before refurblshment. Most excttlng.. New Kttchen transformation The general size and form of the building follows the existing forni of the beaLrtiful Grade11 listed strutture and all the structural repairs, roof coverings. rainwater gutters and downpipes are all specified in accordance with best conservation practi. The basic structural form is not belng altered other than the in-filling of a lightwell (which has been the Source of much dampness in the past) to create a kitchen with servery to the main hall, improved accessibility including accessible WC facilities and new accessible 8lazed Èntrance doors. New heatin8 and electrical services have been provided throughout. The broken brick and stone repairs match the existing adjant buildin8 elements, to ensLAre there is no harm resultin8 from the repair intervention5.
Worshlp and Prayer The PCC has enabled a weekday Communion Servi on a Wednesday, and during the periods of lockdown when no services could be held. morning prayer from the Office of St Margaret continued to be said over zoom. Deanery Synod There are no representatives on the Deanery Synod, Electoral Role At present there are 3 members on the Church Electoral Roll. The average weekly attendance, is 5. structyrei governance and managwnert The method of appolntment of PCC members is set out In the Church Representation Rules. At St. Margaret's the membership of the PCC consists of the incumbent and two members appointed by the Blshop of Southwarl Oona and Tony Emerson. Tom Stanbury is a c&opted member. The PCC ernploys an Administrator and Caretaker. Administratlve InforniaUon St. Margaret's Church Is sltuated in Streatham Hill. It is part of the Diocese of Southwark wSthin the Church of En8land. The correspondence addre55 15 Kingston Area Episcopal Office, 620 Kingston Road, Raynes Park. London SW20 8ND. The PCC is a body corporate IPCC Powers Measure 1956, Church Representation Rules 20201. Flnandal revlew and resems polky The Chariws financial resources for the period are shown in the Statement of Assets and Liabilities on page 12. Total donations and other income forthe period was £72.iJ)812020 was £55,753). The carry forward Assev Fund is £31.644 (2020 was £28,896). Unforeseen and unavoidable utilty and maintenance costs have resulted in expenditure exceeding income. A breakdown In the heating has limited the extent to which new rental income could be SOU8ht. An extended capital loan from the Diocese has enabled a new boiler to be installed whlch should lead to increased revenue income for 2020. Toward5 the end of 2019 revlsed valuations for the hall site led to increased confidence that. combined with a successful fundraising strategy, the full costs of the planned development will be met. It 1$ 3150 planned that ongoing income from the nursery will secure the provision of community activrcies, as envisioned. Once the PCC'S finance returns to a steady state we expect to keep three month5 expenditure in reserves.
Safeguardlng A5 the building opens up to new opportunltles and possibilitles, Safeguardlng contlnues to be revlewed re8ularly by Simon Gates and the Administrative team. in accordance with the Diocese 'A Safe church for all,. Risks Durlng the period, the Trustees have reviewed the general environment in which the Charity operates to identify any serious potentlal risks and made arrangements to avoid such risks or mitl8ate their impact. Now that the capital woks is completed, much of which is focused on continuously updating our financial modelllng and constantly reviewing our robust business plan for Sustainability. io
INDEPENDENT EXAMINElfS REpoirr ON THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 To the parhla1 Church Coun¢ll of 8t th• Qu••n. Str&ham Hlll Thi8 reFrfXt on the accounts d the PCC for the yew ended 31 December 2021, whi¢h are sel out on pages 12 to 15, Is In reSpt of an examination ¢arried out under the Church Acwjnting Regulations 2006 ('the RegulatM)nsl and th8 Chariti'es Acl 2011 (Ihe Arf). RMp•CtI Mpon8lbllltl•• of th• tntè8• and Ind•p•ndoTrt Exwnln•r As member5 crf the PCC you are responslble for the prep&atn of the accounts.. you corider that an audit is not required for th18 yew under 14q2) of the Act arKI that an Indepèndént examlnallon Is needed. It Is my responsibllty lo.. - examlne the a¢cfAJnts under section 145 of the 2011 Actr, - follryw the procedures laid down in the General Droctws by the Charfty Commls8lon urKlgr Section 1445Xb) of the 2011 Act.. and . 8tats whether pathulw matter8 have com6 to my attenkn. Bul• of Ind•p•nd•nt •umln•Vs r•port My examlnatlon wa8 carrTr8d out In 8CcOrdar wlth the Gorwal glven by the Charfty Commi6sk)n. That ex8mination Includ69 a review of the a(%(MJntlr recrds k8Pt by the PCC and a cmparIs0n of the aCnIS wlih those r6¢¢rd8. It also Indud8S ts)nsid8r8tlon of any unusual Ilom8 or disdosures in accounts. and Seek1 explanations from the PCC concerning any suth matters. The procdure8 undertaken do not rrfovth all the evklence that would b6 required in an audrt, and con88querrtty I do not OXFW an audm oplnlon on tho vlthv grrfon by the ac¢ounts, Ind•p•nd•nt •x•nln•rf• stat•m In conrw1n with my examinatK)n. no rnatter has ffle to my attentK)n: (1) whth gwes me rea80nable cause lo belleve that In any material regp8cI the roqulrement8.' to keep a(%¥ntIra rec(¥ds in ac£xxdanc with 8ectiw 130 of 2011 ACL. and to wepare actounts 1ClI acfxxd th Ihe a¢Muntlng re¢ord$ arKI whith comply wlth the reqUirernts of the 2011 as 480 thIn8d in the RegulatiDns. have not been meL' or (21 lo whlch, In my oplnlon. attenkn Should b8 drn. In order to enable a Kryer under8t8fKling of the accounts to be rea¢hod. S.A. L8wcrxk FCCA WirKlsor Lodgg Mllffiold Road HnS1oW Middlesex TW4 5PN 25th May 2022 li
ST MARGAREfTHE QUEEN 8TREATHAM HILL, LONDON SW2 STATEMENT OF K8SEfs AND LIABILrriES at 31 D•c•mb•r 2021 Unr•¥trlct•d R••trlot•d Fund• Funds Total Total Totsl Fund• 2021 Tolal Fundg 2020 Monatsry a•••ts Bank current 8euJunt Bank deposlt account CBF dep081t account 24,452 3.S95 10.869 35,121 3,595 63,289 2,512 Tclal cash 29,09) 10,6 39,719 86.784 Oth•r mon•tsry 8•1• Other assets Totsl u••ts 31.644 10.869 42,313 69,378 Llabllltl•• Sl. Margaret D8vth)ment Company Ltd Tothl Ilabllltl•s 10.669 10.669 40AB2 N•t A•s•l81 (Llabllttl•8) Fund balance• At 31 Doc•mbw 2021 At 31 DoGomb•r 2020 Approved by the Pwochial Chwch cn(al on 25lh May 2022 end signed on ts bew by Simon Gates Ven Slmon Gates P.C.C. Chair 12
8T PAARGARET THE QUEEN STREATHAM HILL. LONDON SIY2 RECEivfs AND PAYMENTS AccouKr Yr •ndod 31 D•¢•mb•r 2021 Unr•¥¢rk R•Btrl¢t•d Funds Fund• Total T¢)tal Fund8 2021 Fund8 2020 Roc•lpt• Voluntary Recelpts Donations GMt Income from InSIMonts CBF deposrt Inl8re8t Bank Inltt88t In¢(#ne frorn church xtfvliles Income from hira of dKxch thall Open Day 42.650 41 42,650 41 53,331 Other Incomé LPOW Grant IrourarKo daim Sale of Pews 2,420 1,071 1.071 Tolal rK•lpts 72.008 55.753 L•B•: Tolal paym•nt• (pag• 14) 050 (Exce•• of Paym•nts ovw R•¢•lpts) 1748 1748 (297) Add: Totsl amots at 1 January Total a88•ts at 31 Decwnb•r 28,896 13
ST IAARGAREf THE QUEEN STREATHAM HILL. LONDON SYf2 RECEIFfs AND PAYMEpifs ACCOUNT Y•ar •nd•d 31 D•combw 2021 unr••trI R6•trf¢t•d Fund8 Fund8 Tot•1 Total Funds 2021 Funds 2020 Paym•nt# tlI1e8 dlreclly relatirvJ to the of lh8 Architect Fees Clwgy expen8e8 Contract services Insurance MarketirvJ & Athrtt6lr¥J Open Day Payroll costs Repairs and malnt6nanL Staff tralnlng Subscription Telep1K@ I broodband Utilities Wag88 & Sarles 138 4.371 4.371 315 50 7.294 9.785 43.175 Chwch management and adminl8trallon Aco)untancy fees Offic8 a fflIn Ix)sts Printing. ststiorffj. and publlclty 250 250 250 T¢)tal paym•nts Itrnn•f•rr•d to pag• 13) 14
Note• to th• AGGounts For tho y•ar endod 31 D•Gwnb•r 2021 A¢UntIng polklos Fomi ol th• A¢counl• Th8 financlal statements of PCC have been rffep¥•J uslng th& Recelpts and Payments basls in accordance with the ChLKch Rawlatto 2fA)6 and in aOrdanCe the current Chariti98 SORP (20151 and applicable aCcIn)g stand¥d8 for smdl enlltkns. Funds General funds r8pre88nl the funds of PCC that are r¥)t 8ubJocl to any rostdctlon8 regardlng their usa. and are availat4e lor applicatlon lo the goral PU of Iho PCC. Fund8 de8ignatsd for a partkular purpose by the PCC are also unre31rted. Rwtrkted fund8 are ih088 funds that must be Spent wtrlct8d purpo889 Intended by the donor. There are no End(ywment furth held. The accounts Indude monetwy traroackn. a88ets arKI ILgblllleB for whlch th8 PCC can be held responsible. Tlw do rH)t indLvJe the ac1xnts of othw thJrch groups that affiliallon to ar#)Ih8r body. rKf that are Inf(Th gatherlngs ol church Thmbers. Subj6ct lo the above, rtteipts and paym15 tr(4ude Inctsn8 88 re1xtl expondllure when Irrevocably pald. 8t•t•mrt of A•&8 Uabllhl•• The followlng a88et8 we recognl8ed Ixrt not rc868orily valued In the strte of Assets and LialitIes. - M¢)vable church fumi8hlngB hekl by fv ¢hLrchwardens on Speci81 trust tr tho PCC and which rgquire 8 Faculty for dlsposd. - L8nd and bulldirvJs held on behalf ol the PCC. . Other ffttlngs, fulures and office equipment whern Ihe PCC Is froe to dispo8e of such a888ts wlthout a Faculty. - IrNe81m8nts benefKialty by the PCC. The folovlng 888ets are re(aJgni8ed and a nKrtsy vakje glven as wt of tho dascrybon In the Statement of Assets arKI Llabrfities.. . Amount8 owing from the Inland Revgrth wherg a formal dalm has been made. - Any othw amounts I7n9 to the PCC irKI1 cFMJrth hall lettlros and insurarTh claims. . Legacles whwe fornial n0t1frAtK (rf entiu1 and amount has been rpIed at 31 08mber by tho PCC. Closing bank balarKes E sFMrm In the ReIpts Payments Acc¥Jurrt. The follcvthng liabililies are recogrw8ed in the Slatement of A58ets and Liabilltlgs: . Grants Ned in respect irf St. Maryaret DeVdoWnl Company Lld - Any arrears of Diocesan Parlsh Shwe. - Amounts ong lo the HMRC. . Credltors for K)d8 arKI swvices where suwy has beon r•xlv8d invol¢ed by 31 December 15