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*¢¥mb*r2024
1. ACCOUNnNG POLICIES
The finants81 statèments have bEell wepared under the Churth Acwunbnj Regulations 2N6 in accordan￿WIth the ￿r[£￿t State￿￿nt
of ReC￿)mMended Prathce. Ae¢ouniifvJ Reporting by Charities and 8Kyltsbl8 ¥¢COUntiry stsndard FRS 102
Tho Iln8nLisl $taiemen15 have been wepared undèr thè hl8ttyic41 costconven￿￿.
The financial Elalements Ind[￿e411 tran￿bons. assetsand liathl￿th ￿wh*h th8 PCC K8 re¥ponsible In law. They do nollnd
financial stalemenisof churchgroups thAI main to anoknerkndy nor th¢*lh81 are inform¥1 gatherings of thurch
memb*r$.
Funds
Generalfund9 rewe8eni the fut￿6 olthe PCC that are not sU*'e￿ttsany re¥trictions regardlng thdr usè and $re 8vailiblefor appI￿AbOn
on IhB yeneral putposesof the PCC. Funds Jè$￿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 rastr￿lOn8 are prowded
in note 8.
ThEre are no Endu4YmenlIu￿$ hehj.
¢ross Income and Mdowmonts
Voluntary Income and 0nd0￿￿*n
Collections a￿ recogntsedN**n re￿Ived by and on behalf of the PCC.
Planned giwng underGfftAid Is recogn￿edonIyW￿e￿ received.
Income Tax ￿e0V•r*blO￿ 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$quantifiab￿ atbd
s vllmater8¢eipt by the PCC ￿ reasonabtycert81n.
Incomè lrnm Investnwnts
Im8￿$tenti11eTne￿ts areaccounled 1ry88 they
Expendtture
Grants
Granls8nd dcThbonsare accounted paid over. orvthen awarded. Ifth81 L¥eates3 b1￿Ing oWkJ8bOTh on the PCC.
A¢tivhles dlrectly relat6n9toth0wo￿ of Ihe Church
Th&di0￿San parish share Is acC￿JnI¢d forwhen due.Any psrish sharè unpaid al 31 Deeemberi$ provthd forin Ihesefinanck41
slalemenls 8$ an op&r*K¥￿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 inalie￿b1e Fffiopertythe￿ 1$ Insuffic￿￿1 cost information
d thèrefore such assets are nolvalued In tr*finartiai stalemenls
l fryndilure incurred in the yearon COn￿ated or beneflced tyJi￿1nY￿alld 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$dep￿ated on a Stra￿h1 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 depo￿t9 Includ?￿sh held on depo5￿￿1h¢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
unr￿trIct9d 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* QuB*n.$tr•alhim Hlll. LondonSW2
otes lo tho FlnanGial
Forth•yHignded 31 IConlh)u•dl
DEBTORS
1024
2025
4.890
4650
.CREDtroRS ANDACCRUAiS
2•24
2023
Indep¢ndantExamknqfsFèÈ
500
250
250
REs￿￿TeOPUNoS
Communlty
fd•n Co
Lèmbeth
Fund W4nn Sp4¢•
Furtd
P￿.￿t Youth Club W•llboln
8alanc• a84t1slJmnuary2024
43.303
1$.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