ST MARGARET THE QUEEN, STREATHAM HILL, LONDON SW2 REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
St Margaret the Queen, Streatham Hill, London SW2 Reports and Financial Statements 2024 Contents Page Independent Examlnerfs Report Balance Sheet statement of Financial A¢tivitles Notes to the Financial Statemgnts
INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 To the Parochial Church Council of St Maryaret the Queen, Stroatham Hill This report on the accounts of the PCC for the year ended 31 December 2024, which are set out on pages 2 to 7, is in respect of an examination carried out under the Church Accounting Regulations 20061'lhe Regulattonsl and the Charities Act 20111'lhe Acl'l. Respectlve responslbllltles of the trustees and independent Examiner As members of the PCC you are responsible for the preparation of the accounts,. you consider that an audit is not required for this year under section 144{21 of the Act and that an independent examination is needed. It is my responsibility to.. examine the accounts under section 145 of the 2011 Act., follow the procedures laid down in the General Oirections given by the Charity Commission under section 14515llb} of the 2011 Act., and - stale whether particular matters have come lo my attention. Basis of indepondent examinerfs report My examination was carried out in accordance with the General Directions given by the Charity Commission. That examination includes a review of the accounting records kept by the PCC and a comparison of the accounts with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the PCC concerning any such matters. The procedures undertaken do not provide all the eviden that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. Independent examinerfs statement Since the church's 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 examination because l am a member of the Association of Chartered Certified Accountants IACCAI, which is one of the listed bodies. In connection with my examination, no matter has come to my attention.. 11} which gives me reasonable eause to believe that in any material respect the requirements.. lo keep accounting records in accordance with section 130 of the 2011 Act., and lo prepare accounts which accord with the accounting records and which comply with the requirements of the 2011 Act, as also contained in the Regulations, have not been met., or 121 to which, in my opinion, attention should be drawn, in order to enable a proper understanding of the accounts to be reached. S.A. Lewcock FCCA Windsor Lodge Millfield Road Hounslow Middlesex TW4 5PN 28th May 2025
St Margaret the Qugen, Strgatham Hill, London SW2 Balan¢¢ Sheet as at 31 D¢¢¢mb¢r 2024 Noto 2024 2023 CURRENT ASSETS Debtors 4,690 Nal Wesl Deposit Account 189.766 50,158 CCLA Deposrt Account 1.003 1,003 Nal West Current Account 19.625 122,945 210,394 178,796 LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR Creditors and accruals 14.181 250 196.213 178,546 NET ASSETS 196,213 178.546 FUNDS Unrestricted 92,117 100,265 Restricted 104,096 78,281 196.213 178.546 Approved by the Parochial Church Council on and signed on its behalf Von Simon Gales P.C.C. Chair
st Margaretthe Queen, Streatham Hlll, London SW2 Statement of Flnanclal Activities For the year ended 31 December 2024 Unrestricted Rgstricted TOTAL TOTAL Funds Funds FUNDS FUNDS 2024 2023 Note INCOME AND ENDOWMENTS Voluntsry income 21al 32,000 32,000 50,859 Income from investments 21bl 2,370 2,370 387 Income from church activities 2{cl 102,155 102,155 95,173 Other income 21dl TOTAL INCOME AND ENDOWMENTS 104,525 32,000 136,525 146,418 EXPENDITURE Church activities 3{al 111,309 6,185 117,494 140,417 Church management and administration 3{bl 1,364 1,364 1,727 TOTAL EXPENDITURE 112.673 6,185 118.858 142,144 SURPLUS I IDEFICITI FOR THE YEAR (8.1481 25,815 17,667 4,274 BALANCES BROUGHT FORWARD AT 1 JANUARY 2024 100.265 78.281 178.546 174,272 BALANCES CARRIED FORWARD AT 31 DECEMBER 2024 92,117 104,096 196,213 178,546
St Margaretthe Queen. Streathirn Hlll. London SW2 Note5 to Financial Staternents Forih• y••r ondod 31 D¢¥mbr2024 1. ACCOUNnNG POLICIES The finants81 statèments have bEell wepared under the Churth Acwunbnj Regulations 2N6 in accordanWIth the r[£t Statent of ReC)mMended Prathce. Ae¢ouniifvJ Reporting by Charities and 8Kyltsbl8 ¥¢COUntiry stsndard FRS 102 Tho Iln8nLisl $taiemen15 have been wepared undèr thè hl8ttyic41 costconven. The financial Elalements Ind[e411 tranbons. assetsand liathlth whh th8 PCC K8 re¥ponsible In law. They do nollnd financial stalemenisof churchgroups thAI main to anoknerkndy nor th¢lh81 are inform¥1 gatherings of thurch membr$. Funds Generalfund9 rewe8eni the fut6 olthe PCC that are not sU'ettsany re¥trictions regardlng thdr usè and $re 8vailiblefor appIAbOn on IhB yeneral putposesof the PCC. Funds Jè$n¥tÈ fora particular purrpJse by the PCC are also unreslrided. Restricted funds are thogefund8 thai musi bè spenton re5trth purpo90sa dètailsof the tunds hdd and rastrlOn8 are prowded in note 8. ThEre are no Endu4YmenlIu$ hehj. ¢ross Income and Mdowmonts Voluntary Income and 0nd0n Collections a recogntsedNn reIved by and on behalf of the PCC. Planned giwng underGfftAid Is recognedonIyWe received. Income Tax e0V•rblO GfftAvJ donabons Is Eeco9nwd in rtrspectofinGome rwnised from 1¥1 January2024 to31 Decernber 2D24. Grants and acies to the PCC a ac(x)ufi foras soon a5 the PCC is noblisd of its Ipgal eDiiUemenl, the amountdue l$quantifiab atbd s vllmater8¢eipt by the PCC reasonabtycert81n. Incomè lrnm Investnwnts Im8$tenti11eTnets areaccounled 1ry88 they Expendtture Grants Granls8nd dcThbonsare accounted paid over. orvthen awarded. Ifth81 L¥eates3 b1Ing oWkJ8bOTh on the PCC. A¢tivhles dlrectly relat6n9toth0wo of Ihe Church Th&di0San parish share Is acCJnI¢d forwhen due.Any psrish sharè unpaid al 31 Deeemberi$ provthd forin Ihesefinanck41 slalemenls 8$ an op&rK¥1 IlhNgh not legall119ts5ity 1$ 8hA¥n asa credliorln 8$bwe Sh22t. FIX A88•ts Consecrated and benefi propotyof any isexduded from ihe8C¢OUnt$by $.10121{al and l¢lbolthe CharibeGAct 2011 movab Ghurch fumishing$ htrld by the Ptie514TrChar9e and Churchwardens on swal trustlor the PCC, andwhich iequlr68faculty f¢rdispo5al. areaccounied lor as Inalienable wopety unlessconse¢raied. For inalieb1e Fffiopertythe 1$ Insuffic1 cost information d thèrefore such assets are nolvalued In trfinartiai stalemenls l fryndilure incurred in the yearon COnated or beneflced tyJi1nYalld repalr ol Movab churL fumvshings l$writt•n off. Othgr plant and rnachlnery, fixtur•$ and ffttlnu8 and ollk&equlpm•rtt Equipmentused wthin church premk8es 1$depated on a Strah1 lino basisover 10yeBf5. Current Assots AfflounL4 owlng 10 PCC al 31 Qecernb8rln r88[offeeS, renLqoroihw are shrA¥n asdebtor8 lessryovmth forarnoun thal may prove uncolle¢tsW. Shortietm depot9 Includ?sh held on depo51h¢rIsYlh CBF Church ofEngLqnd Fund5 orat*he bank.
St Margargtthg Qugon. Strgatham Hill, London SW2 Notgs to the Financial Stataments For the year ended 31 December 2024 (Continued) 2. INCOME AND ENDOWMENTS Unrestricted Restri¢tod Funds Funds TOTAL FUNDS 2024 TOTAL FUNDS 2023 21al Voluntary income Donations Grants Legacy 169 50,690 32,000 32,000 32,000 32,000 50,859 2{b} Income from investments Interest 2.370 2,370 387 2,370 2,370 387 21cl Income from church activities Income of hiie of church I hall 102,155 102,155 95,173 102,155 102,155 95,173 2{dl Other income Insuran claim TOTAL INCOME AND ENDOWMENTS 104,525 32,000 136,525 146,418
st Margaret the Queen, Streatham Hlll. London SW2 Notes to the Financial statgments For tho yoar ènded 31 December 2024 (Continued) 3. EXPENDITURE unrtrIct9d Restricted Funds Fund$ TOTAL FUNDS 2024 TOTAL FUNDS 2023 31al Church aclivf(ies Building Consullan¢y fees Building work Communuty Garden Co-op Fund Ground maintenance Insurance Lambeth Wam Space Local Giving Marketing & Advertising Parish Support Fund Payroll cos15 Refugee Projo¢t Repairs and maintenance Subseriplion Telephone I broadband utilities Wages & Salaries Youth Club 2,774 2,774 43,541 33 2,942 6.091 5.512 318 190 1.564 5.000 225 17 17 428 428 5,653 5,653 671 671 171 5,300 68 171 5,300 68 113 8,424 226 90 32,221 55,952 5,384 113 8,424 226 90 32,221 55,952 4.830 141 90 11,340 55.408 3193 5.384 111,309 6,185 117,494 140.417 31bl Church management and administration A¢counlancy & bookkeeping fees Office & admin costs 250 1,114 250 1,114 580 1147 1,364 1,727 TOTAL EXPENDITURE 112,673 6,185 118,858 142.144
Sl Margargtth QuBn.$tr•alhim Hlll. LondonSW2 otes lo tho FlnanGial Forth•yHignded 31 IConlh)u•dl DEBTORS 1024 2025 4.890 4650 .CREDtroRS ANDACCRUAiS 2•24 2023 Indep¢ndantExamknqfsFèÈ 500 250 250 REsTeOPUNoS Communlty fd•n Co Lèmbeth Fund W4nn Sp4¢• Furtd P.t Youth Club W•llboln 8alanc• a84t1slJmnuary2024 43.303 1$.U 4.87B iJ,o eeo Rocolp Grani-Big LotWFund Gr4nl.L*nb¢th Warmspa 30,000 2000 Paym•nlB Expenyes Wothshtsp Y¢h 414 671 12%5 4.55D 42Q 420 frnn$f•rof funrt6 75.000 43.000 -15.000 -13.QQQ BalBnc•as4131$t Dpr+mbètZOZ4 76,765 190 678 2.DOg