|St Margaret the Queen,|Streatham|Hill, London SW2||
|---|---|---|---|
|Reports and Financial Statements||2022||
|Contents|||Page|
|Independent<br>Examiner's|Report|||
|Balance Sheet||||
|Statement of Financial|Activities|||
|Notes to the Financial Statements|||4-7|





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|||Note||2022||2021|
|---|---|---|---|---|---|---|
|||||6|F|6|
|CURRENT ASSETS|||||||
|Debtors|||||2,594||
|Nat West Deposit Account|||11,298||3,595||
|CCLA Deposit Account|||1,003||1,003||
|Nat West Current Account|||162,221||35,121||
||||174,522||42,313||
|LIABILITIES:AMOUNTS|FALLING|DUE|||||
|WITHIN ONE|YEAR||||||
|Creditors and accruals|||250||10,669||
|||||174,272||31,644|
|NET ASSETS||||174,272||31,644|
|FUNDS|||||||
|Unrestricted||||92,711||31,644|
|Restricted||||81,562|||
|||||174272,||31,644|





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|||Unrestricted|Restricted|TOTAL|TOTAL|
|---|---|---|---|---|---|
|||Funds|Funda|FUNDS|FUNDS|
|||||2022|2021|
||Note|6|F|6|6|
|INCOME AND ENDOWMENTS||||||
|Voluntary<br>income|2(a)|80,307|131,339|211,646|25,766|
|Income from investments|2(b)|17|0|17||
|Income from church activities|2(c)|46,235|0|46,235|42,691|
|Other income|2(d)|5,000|0|5,000|3,551|
|TOTAL INCOME AND ENDOWMENTS||131,559|131,339|262,898|72,008|
|EXPENDITURE||||||
|Church activities|3(a)|65,935|49,777|115,713|68,375|
|Church<br>management<br>and administration|3(b)|4,557|0|4,557|885|
|TOTAL EXPENDITURE||70,493|49,777|120,270|69,260|
|SURPLUS I(DEFICIT) FOR THE YEAR||61,067|81,562|142,628|2,748|
|BALANCES BROUGHT FORWARD AT||||||
|1 JANUARY 2022||31,644|0|31,644|28,896|
|BALANCES CARRIED FORWARD AT||||||
|31 DECEMBER2022||92,711|81,562|174,272|31,644|





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|StIfiargaret the Queen, Streatham<br>Hill, London SW<br>Notes tothe Financial Statements<br>Forthe year ended 31December 2022|2|||||||
|---|---|---|---|---|---|---|---|
|1.ACCOUNTING<br>POLICIES||||||||
|The financial statements<br>have been prepared<br>under the Church Accounting<br>Regulations||2006 in accordance||||with the current Statement||
|ofRecommended<br>Pracbiw, Accounting<br>and Reporting|by Charities and applicable<br>accounting||standard|FRS 102.||||
|The financial statements<br>have been prepared<br>under ths historical cost convention.||||||||
|Ths financial statements<br>inr)ude afi trsnsacfions,<br>assets snd liabilities for which the PCC||is responsible||in law. They do not indude||||
|financial statements<br>ofchurch groups that owe their main affiliation to another body nor those|||that are informal gatherings<br>ofchurch|||||
|members.||||||||
|Funds||||||||
|General funds represent<br>the funds oftha PCC that sre|not subject to sny restrictions<br>regarding||their use|and||are avsilibls for application||
|on the general purposes ofthe PCC. Funds designated|for a particular<br>purpose<br>by the PCC sre also unrestricted.|||||||
|Restricted funds are those funds that must be spent on restricted purposes and details ofthe|||funds held|and||rsstricfions sre provided||
|in note 8.||||||||
|There are no Endowment<br>funds held.||||||||
|Gross Income and endowments||||||||
|Voluntary<br>Income and endowments||||||||
|Collections are recognised<br>when received<br>by end on behalf ofthe PCC.||||||||
|Planned<br>giving under Gift Aid is recognised<br>only when|received.|||||||
|Income Tax recoverable<br>on Gift Aid donations<br>is recognised<br>in respect ofincome recognised|||from 1stJanuary 2020to 31December 2020.|||||
|Grants and legacies tothe PCC are accounted foras soon as the PCC is nofified ofits legal enfitlement,||||ths||amount due is quantifiable|and|
|its ultimate receipt by the PCC is reasonably<br>certain.||||||||
|Income from investments||||||||
|Interest entifiements<br>are accounted foras they accrue.||||||||
|Expenditure||||||||
|Grants||||||||
|Grants and donations ars accounted for when paid over, orwhen awarded,<br>ifthat award||creates a binding|||obliga5on on the PCC.|||
|Activities directly relating tothe work ofthe Church||||||||
|The diocesan parish share isaccounted for when due.|Any parish share unpaid at 31 December is provided|||||for in these financial||
|statements ssan operskonal<br>(though<br>not legal) liability|is shown as a creditor in ths Balance Sheet|||||||
|Fixed Assets||||||||
|Consecrated<br>and beneficed<br>properly<br>of any kind is excluded from the accounts by S.10(2)(s)|||and (c)bof|the||Charifies Act2011.||
|Movable church<br>furnishings<br>held by the Priest-in-Charge|and Churchwsrdens<br>on special|trust|forthe PCC,||and which require a faculty|||
|for disposal, are accounted fores inalienable<br>property<br>unless consecrated. For inalienable||property there is insufficient cost information||||||
|and therefore such assets are not valued<br>in the financial<br>statemerrls.||||||||
|Afi expenditure<br>incurred<br>in the year on consecrated or beneficed buildings<br>and the repair||of movable church||||furnishings<br>is written off.||
|Other plant and machinery,<br>fixtures and fittings and office equipment||||||||
|Equipment<br>used within church premises<br>is depreciated|on s straight<br>line hews over 10years.|||||||
|Current Assets||||||||
|Amounts<br>owing to the PCC at 31 December<br>in respect|offees, rents or other income are|shown as debtors|||less provision foramounts|||
|that may prove uncofiectable.||||||||
|Short term deposits indude cash held on deposit either|with the CBFChurch of England<br>Funds or at the|||bank.||||





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||||Unrestricted|Restricted|TOTAL|TOTAL|
|---|---|---|---|---|---|---|
||||Funds|Funds|FUNDS|FUNDS|
||||||2022|2021|
||||6|5|f|F|
|2(a) Voluntary|income||||||
|Donations|||77,407|62,608|140,015|566|
|Grants|||1,900|68,731|70,631|25,200|
|Legacy|||1,000|0|1,000|0|
||||80,307|131,339|211,646|25,766|
|2(b) Income from investments|||||||
|Interest|||17||17||
||||17||17||
|2(c) Income from church activities|||||||
|Income of|hire ofchurch|/ hall|46,235|0|46,235|42,650|
|Open Day|||0|0|0|41|
||||46,235|0|46,235|42,691|
|2(d) Other income|||||||
|Insurance|claim||5,000|0|5,000|1,071|
|Sale of Pews|||0|0|0|2,480|
||||5,000|0|5,000|3,551|
|TOTAL INCOME AND ENDOWMENTS|||131,559|131,339|262,898|72,008|





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|3.EXPENDITURE|||||||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|TOTAL|TOTAL|
||||Funds|Funds|FUNDS|FUNDS|
||||||2022|2021|
||||6||9|6|
|3(a) Church activities|||||||
|Architect Fees|||0|4,667|4,667|1,290|
|Building Consultancy||fees|0|8,532|8,532|0|
|Building work|||0|5,623|5,623|0|
|Communuty<br>Garden|||0|879|879|0|
|Co-op Fund|||0|80|80|0|
|Gas installation|||0|9,068|9,068|0|
|Ground<br>maintenance|||5,063|0|5,063|0|
|Insurance|||5,102|0|5,102|5,284|
|Marketing<br>&Advertising|||1,910|0|1,910|4,371|
|Nehemiah<br>Project|||49|0|49|0|
|Open Day|||0|0|0|990|
|Parish Support Fund|||3,250|0|3,250|0|
|Payroll costs|||359|0|359|290|
|Refugee Project|||0|697|697|0|
|Repairs and maintenance|||16,441|0|16,441|4,684|
|Staff training|||814|0|814|99|
|Subscription|||146|0|146|50|
|Telephone f broadband|||115|0|115|850|
|Utilities|||6,682|0|6,682|7,294|
|Wages &Salaries|||26,004|19,660|45,664|43,173|
|Youth Club|||0|572|572|0|
||||65,935|49,777|115,713|68,375|
|3(b) Church management||and administration|||||
|Accountancy fees|||2,900|0|2,900|250|
|ONce & admin costs|||1,085|0|1,085|543|
|Pdnting,<br>stationery,|photocopying||||||
|and publicity|||572|0|572|92|
||||4,557|0|4,557|885|
|TOTAL EXPENDITURE|||70,493|49,777|120,270|69,260|





|StMargaret the Queen, Streatham|StMargaret the Queen, Streatham|StMargaret the Queen, Streatham|StMargaret the Queen, Streatham|Hill, London SW2|Hill, London SW2|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Notes tothe Financial Statements||||||||||||||
|For the year ended 31December||||2022 (Conduced)||||||||||
|4.DEBTORS|||||||||2022|||2021||
||||||||||2|||||
|Prepayments||||||||||||2,594||
|||||||||||||2,594||
|5.CREDITORS AND ACCRUALS|||||||||2022|||2021||
||||||||||2|||5||
|St Margaret|Development|Company|||Ltd||||0|||10,669||
|Accruels|||||||||250|||||
||||||||||250|||10,669||
|6.RESTRICTED FUNDS||||||||||||||
|||||||Bugdlng|Refugee|||Community||||
|||||||Fund|Pro ect|Youth Club|Sale|Garden|Cour|Fund|Total|
|Balance as|at1stJanuary|2022|||||0|0|0|0||||
|Receipts||||||||||||||
|StMargaret|Development|Company|||Ltd|62,608|0|0|0|0||0|62,608|
|Grant- Big|Lottery Fund|||||0|10,000|21,0DD|11,260|0||0|42,260|
|Grant-Asda|Foundation|||||0|0|0|0|16,000||0|16,000|
|Grant- City|Bridge Trust|||||0|0|0|8,400|0||0|8,400|
|Grant - Co-op||||||D|0|0|0|0||2,071|2,071|
|||||||52,608|10,000|21,000|19,860|16,000||2,071|131,339|
|Payments||||||||||||||
|Architect, consultancy fees & building|||||work|27,890|0|0|0|0||0|27,890|
|Expenses||||||0|697|572|0|879||80|2,227|
|Salary||||||0|0|0|19,660|0||0|19,860|
|||||||27,890|597|572|19,660|879||80|49,777|
|Balance as|at31stDecember||2022|||34718|9303|20r428|0|15121||1 991|81 562|