2025-12-31-accounts

Docusign Envelope ID: 6B3BF200-C6CF-8490-80C7-FCBBB0EFE372

Registered number: 02782699 Charity number: 1017020

The Guild of St Mary's Centre Lichfield

Trustees' report and financial statements

For the year ended 31 December 2025

Docusign Envelope ID: 6B3BF200-C6CF-8490-80C7-FCBBB0EFE372

The Guild of St Mary's Centre Lichfield

(A company limited by guarantee)

Contents

	Page
Reference and administrative details of the company, its Trustees and advisers	1
Trustees' report	2 - 12
Independent examiner's report	13 - 14
Consolidated statement of financial activities	15
Consolidated balance sheet	16 - 17
Company balance sheet	18 - 19
Consolidated statement of cash flows	20
Notes to the financial statements	21 - 46

Docusign Envelope ID: 6B3BF200-C6CF-8490-80C7-FCBBB0EFE372

The Guild of St Mary's Centre Lichfield

(A company limited by guarantee)

Reference and administrative details of the company, its Trustees and advisers For the year ended 31 December 2025

Trustees	Mr N G Sedgwick,Chair
	Mr C P Ablitt
	Mr D M Armour
	Mr M J Garfield
	Dr J D James
	Mr S R James
	Mrs S L Love-Wilson(resigned 22 September 2025)
	Mr A B Sims
	Mrs S Waldron(resigned 22 September 2025)
	Mr A F Smith
	Mrs D J McGregor(resigned 22 September 2025)
	Mr S Horton(appointed 23 June 2025)
	Mrs M Huckfield(appointed 23 March 2026)
Company registered number 02782699 Charity registered number 1017020 Registered office St Mary's Centre Market Square Lichfield Staffordshire WS13 6LG Company secretary Mr A B Sims Accountants Dains Audit Limited 2 Chamberlain Square Birmingham B3 3AX

Page 1

Docusign Envelope ID: 6B3BF200-C6CF-8490-80C7-FCBBB0EFE372

The Guild of St Mary's Centre Lichfield

(A company limited by guarantee)

Trustees' report

For the year ended 31 December 2025

The Trustees present their annual report together with the financial statements of the company for the year 1 January 2025 to 31 December 2025. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the group and the company qualify as small under section 383 of the Companies Act 2006, the Group strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

a. Policies and objectives

The company is registered under the Companies Act 2006 as a Private Company Limited by Guarantee and not having a share capital. It is registered as a charity with the Charity Commission.

Its objects, for the year under review, are set out in the Articles of Association dated 18th January 2018. The principal objects and activities of the charity in the period under review were:

1. The relief of the aged and infirm generally.

2. The general benefit of the public resident in and visiting the City of Lichfield and its neighbourhood in such manner as may be charitable.

3. The advancement of education of the public.

4. For such charitable purposes as the Guild in their absolute discretion think fit.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

b. Main activities undertaken to further the company's purposes for the public benefit

The Trustees frequently review the activities of the charity to ensure that they continue to reflect the objectives and aims of the charity. In carrying out this review the Trustees have considered the Charity Commission’s general guidance on public benefit and is satisfied that the objectives and purpose of the charity are in line with this requirement.

Page 2

Docusign Envelope ID: 6B3BF200-C6CF-8490-80C7-FCBBB0EFE372

The Guild of St Mary's Centre Lichfield

(A company limited by guarantee)

Trustees' report (continued) For the year ended 31 December 2025

Objectives and activities (continued)

c. Volunteers

Our volunteers continued to play an essential role in every part of the Hub’s work during 2025. They supported front of house activities, the coffee shop, gallery, Little Shop, heritage work and community events, as well as taking on a growing range of specialist and co-ordination roles.

Volunteer recruitment remained strong. Across the wider April 2025 to March 2026 funding year, 36 new volunteers joined the Hub, including younger volunteers and people supporting the coffee shop, technical activity, IT administration and the Little Shop. Volunteer retention remains exceptionally high, reflecting the friendly and supportive environment created by staff, trustees and the volunteer team.

Training during the year included First Aid and preparation for the launch of Tower Tours, with volunteers recruited and trained as tour guides. Social opportunities were also developed to thank volunteers and help them build relationships across the organisation.

We remain incredibly fortunate that a number of volunteers continue to take on key roles at the Hub, providing a major boost to our activities. We are most grateful for their continuing support and extra commitment:

Jill Taylor – PR and Marketing Support

Julia Baden – Volunteer Co-ordinator and Hub Little Shop Manager

Douglas Armour – Gallery Curator

Supported by:

Gill Stockdale – Silversmith and Treasury Curator

Jono Oates – History Adviser and Photographic Archive Curator

Their support is invaluable, and we thank all our volunteers for their continuing commitment, enthusiasm and generosity.

Page 3

Docusign Envelope ID: 6B3BF200-C6CF-8490-80C7-FCBBB0EFE372

The Guild of St Mary's Centre Lichfield

(A company limited by guarantee)

Trustees' report (continued)

For the year ended 31 December 2025

Achievements and performance

a. Review of activities

Overview

The Hub continued to grow and develop during 2025, making strong progress across its cultural, community, heritage and commercial activities. This was achieved against a challenging national backdrop for grassroots arts, music and hospitality venues and reflects the creativity, commitment and hard work of the Hub’s small staff team, volunteers and trustees.

A major achievement was the award of £29,122 from Arts Council England for the Hub at 5 project. The funding supports programming, audience development, marketing and community engagement, enabling the Hub to test new work while continuing to provide an inclusive and varied cultural offer.

Marketing continued to strengthen, with newsletter subscribers rising to more than 7,000 by the autumn. The summer brochure launch achieved more than 1,950 online reads in its first 48 hours and generated ticket sales exceeding £4,900 in the first two days. A further 3,000 brochures were distributed through supermarkets across Lichfield, Rugeley, Cannock, Burntwood and Tamworth, helping the Hub reach beyond its established customer base.

The Hub maintained strong relationships with Lichfield District Council, Lichfield City Council, the Visitor Economy Network, the Purple Flag Working Group and Greater Birmingham Chambers of Commerce. Fundraising and sponsorship also developed further, with local businesses and organisations supporting shows, events and community activity. Helen Campbell joined the team as Head of Fundraising & Partnerships in October and made a strong start in securing brochure advertising and building relationships with prospective sponsorship partners.

The coffee shop and bar remained an important part of the Hub’s welcome and financial sustainability, with record takings achieved in February. Menus and prices were refreshed during the year, while the team continued to adapt the offer to seasonal trading patterns and changing customer demand.

Operationally, the Hub continued to invest in the building and visitor experience. Maintenance included work to the heating system, lift, alleyway and other essential facilities, while planning began for future improvements to lighting and kitchen facilities.

Overall, the Hub’s position as both a distinctive cultural venue and a welcoming community space at the heart of Lichfield continues to go from strength to strength.

Performing Arts Programme

The Hub delivered a broad and ambitious performing arts programme throughout 2025, combining popular returning strands with new artists, new formats and targeted audience development.

Ticket sales remained strong throughout 2025, with average occupancy holding at approximately 65–70% across the year. Gross ticket income increased from £55,031 in 2024 to £76,266 in 2025, representing growth of approximately 39%. The year began with 22 sell-out performances among the first 31 events and ended with eight sell-out shows in December. This sustained level of demand reflects the growing strength and breadth of the programme, supported by effective marketing, a larger audience database and the Hub’s increasing reputation as a high-quality and distinctive performance venue.

Page 4

Docusign Envelope ID: 6B3BF200-C6CF-8490-80C7-FCBBB0EFE372

The Guild of St Mary's Centre Lichfield

(A company limited by guarantee)

Trustees' report (continued)

For the year ended 31 December 2025

Achievements and performance (continued)

Performing Arts Programme (continued)

Regular favourites including Alter Comedy Club, Très Très Cabaret, Sunday Jazz and Acoustic Lounge continued to attract loyal audiences. Movie with Wine evenings remained popular, while SIP! Wine and Spirits events became a successful addition to the programme. The Hub also continued to create opportunities for local performers through New Sounds, Acoustic Lounge events and appearances by locally based musicians and theatre groups.

The 1990s season connected live events with the I Grew Up 90s exhibition and brought new audiences into the building, especially the 90s rave event Insomnia which demonstrated the value of continuing to experiment with both programming and marketing.

The year also saw significant progress in attracting original artists and established performers seeking intimate venues. Appearances and bookings included artists associated with Squeeze, Gomez, The Beautiful South and Prefab Sprout, alongside a strong programme of touring jazz, folk, theatre and music. This enhanced the Hub’s profile and supported its commitment to grassroots and original live performance at a time when many small venues remain under pressure.

The programme continued to reflect the Hub’s commitment to equality, diversity and inclusion. Productions explored a range of experiences and issues, including We Need to Talk About Brenda, a play addressing Premenstrual Dysphoric Disorder. Affordable family work for babies, toddlers and older children included Welcome to the World, Shoe Baby and other performances and workshops. Audience-development activity became increasingly evidence-led, helping the Hub to reach people less likely to engage through traditional arts marketing while continuing to build relationships with established jazz, theatre, music and family audiences. We are so grateful to all of our funders and partners who enable us to continue to program such a diverse mix of shows.

Gallery& Heritage

The gallery continued to present a varied programme of exhibitions by local artists, community groups and touring exhibitors. The major spring exhibition, I Grew Up 90s, proved extremely popular, attracting high visitor numbers during the school holidays and generating the Hub’s highest-reaching social media post of the year through collaboration with Visit Lichfield.

The summer exhibition, Once Upon a Time by Maria Credali, brought storytelling and imaginative artwork to the gallery and was supported by family workshops during the school holidays. The programme also included displays of the Hub’s silver collection, work connected with Pathway Project and exhibitions in a range of media by local artists.

The restoration of the Tower, bells and clock reached an important milestone during 2025. The bell works and associated remedial work were completed, new bell ropes were installed and the bells returned to use for civic and community occasions. Visiting bell ringers were welcomed, and bell-ringing training and course activity began, helping to revive this important part of St Mary’s heritage.

Tower Tours were officially launched in June following volunteer recruitment, guide training and completion of the necessary safety and interpretation work. Tours ran during the remainder of the year, including occasional seasonal and private tours, creating a new way for people to engage with the history of St Mary’s and the city centre.

The Hub is grateful to all the funders, volunteers, project supporters and staff who helped make the Tower and bells project possible.

Page 5

Docusign Envelope ID: 6B3BF200-C6CF-8490-80C7-FCBBB0EFE372

The Guild of St Mary's Centre Lichfield (A company limited by guarantee)

Trustees' report (continued) For the year ended 31 December 2025

Achievements and performance (continued)

Community Activities

Community engagement continued to grow during 2025, supported by the Community Engagement Officer and Lichfield District Council’s Voluntary and Community Sector funding. The Hub provided a welcoming base for regular groups, charities, councillor surgeries, community launches, workshops and activities designed to reduce isolation and improve wellbeing.

Regular and partner activity included support for Staffordshire Network for Mental Health, Lichfield Refugee Aid, Pathway Project, autism and disability groups, peer support groups, social meet-ups and organisations helping vulnerable people. New activity developed during the year, including Chatty Corner (to support mental health) and the Mobile Help Hub, which provides practical help to people using mobile phones and digital services.

The Hub supported between eight and ten groups on a regular basis (monthly or weekly) and also offered ad hoc space and assistance to a wider range of local organisations. Councillor surgeries continued each month, providing an accessible city-centre location where residents could meet their elected representatives. Community launch and networking events brought together local people, charities, councillors and partner organisations.

Creative programming remained central to the Hub’s approach to community engagement. The I Grew Up 90s and Once Upon a Time exhibitions attracted visitors who might not normally enter an arts venue, while family shows, holiday workshops and free or subsidised tickets helped make cultural activity more accessible. Community groups were offered tickets to selected shows, and volunteers received free or reduced-price access to a range of events.

The Hub continued to strengthen links with local schools, charities and community organisations. Events during the year included the launch of Tower Tours, the I Grew Up 90s exhibition launch, Space Invasion Weekend and other collaborative activities. Space Invasion Weekend brought hundreds of visitors through the doors and demonstrated the Hub’s ability to combine creative programming, partnership working and city-centre events.

Work also began with Junction 15 to create community and access videos, helping future visitors understand the building and feel more confident about attending. The Hub remains committed to being an inclusive, safe and welcoming place at the heart of the city.

Page 6

Docusign Envelope ID: 6B3BF200-C6CF-8490-80C7-FCBBB0EFE372

The Guild of St Mary's Centre Lichfield

(A company limited by guarantee)

Trustees' report (continued) For the year ended 31 December 2025

Achievements and performance (continued)

b. Future Developments

The Hub enters 2026 in a strong position, with continued growth in audiences, a developing programme of original and touring artists, a well-established volunteer team and increasing recognition of its role in Lichfield’s cultural and community life.

Arts Council England support will enable the Hub to broaden participation and test new programming areas while maintaining successful core strands. Planned work includes more family programming for primary-aged children, world music and lunchtime concerts, high-quality jazz, accessible performances, touring artists and new partnerships. Audience development will continue to focus on people who do not currently see the Hub as a place for them, alongside deepening relationships with existing audiences.

The gallery programme will combine community exhibitions with larger family and intergenerational exhibitions designed to attract visitors during quieter summer periods. Heritage activity will continue through Tower Tours, visiting bell ringers and bell-ringing training, with a greater focus on group visits and partnerships with other visitor attractions.

Fundraising, sponsorship and business partnerships will be expanded to support future improvements and strengthen the Hub’s resilience. Priorities include new lighting, development of the kitchen facilities, continued maintenance of the historic building and investment in systems and marketing that help the small team work efficiently.

The Hub will continue to work closely with local councils, community organisations, businesses, artists and volunteers. Diverse income streams, inclusive programming and a clear role as a community hub remain central to its future. The achievements of 2025 provide a strong foundation for the next stage of the Hub’s development.

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, we continue to adopt the going concern basis in preparing the financial statements.

The Group has been operating a reasonably full programme. The finances of the Group have been sustained by library rental income, coffee shop income, performing arts ticket sales, grants, corporate sponsorship and donations. The Trustees believe the Group has the ability to meet liabilities as they fall due and operate within its current parameters whilst fulfilling charitable objectives.

Page 7

Docusign Envelope ID: 6B3BF200-C6CF-8490-80C7-FCBBB0EFE372

The Guild of St Mary's Centre Lichfield

(A company limited by guarantee)

Trustees' report (continued) For the year ended 31 December 2025

b. Overview

The charity’s financial position is set out in the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and accompanying notes.

Total income for 2025 was £617,632 (2024: £537,816). For 2025, the main sources of income were Library rental, grants & donations, artistic programme, coffee shop and bar income and lettings income. In 2025, the Group received grant income support totalling £111,107 (2024: £74,605) from the government and other support schemes.

Expenditure for 2025 of £733,906 (2024: £611,387) includes depreciation of £69,700 (2024: £69,700) in relation to the proportion of the 2018 building project for which the funding (grants and donations) was recognised as income in prior years. Total cash expenditure, including capital expenditure, amounted to £653,224 (2024: £520,142). All grants received or receivable in 2025 have been accounted for as income, but some of the restricted grants/donations received have not yet been spent totalling £47,209 (2024: £50,462). The spend will appear as expenditure in 2026 and beyond.

Funding (amounting to £1,352,377) for the building redevelopment project completed in December 2018 was recognised as income in 2016, 2017 and 2018 and paid for the majority of the building redevelopment project the cost of which was capitalised in fixed assets. The cost is recognised in expenditure as depreciation spreading the cost appearing in the Consolidated Statement of Financial Activities over a period approaching 20 years.

This building renovation project (including the library) expenditure has been fully funded but the accounting treatment results in timing difference between recognising income (years 2016 to 2018) and recognising expenditure (years 2018 to 2038). This total income and expenditure is ultimately equivalent in aggregate but the accounting treatment impacts the net income/expenditure of the Group shown by the periodic Consolidated Statement of Financial Activities.

The largest numbers on the Consolidated Balance Sheet are Fixed Assets (mainly relating to the 2018 building project) and Charity Funds (mainly the funding received for the building project). Both of these numbers will unwind over the period to 2038.

Page 8

Docusign Envelope ID: 6B3BF200-C6CF-8490-80C7-FCBBB0EFE372

The Guild of St Mary's Centre Lichfield

(A company limited by guarantee)

Trustees' report (continued) For the year ended 31 December 2025

c. Reserves policy

Consolidated Reserves and Funds as at 31 December 2025 amounted to £1,024,776 (2024: £1,141,050) comprising restricted funds of £47,209 (2024: £50,462) and unrestricted funds of £977,567 (2024: £1,090,588).

Included within unrestricted funds of £977,567, is a deficit carried forward on general funds of £27,097 (2024: surplus funds carried forward of £7,277). Whilst there has been good growth in income for 2025 from the programme of events and projects, the core reason for this deficit is a sharp increase in staff costs, which is the single largest component of the Group's cost base. Management are taking the necessary actions to eliminate this deficit by continuing to grow income for the Group and to ensure costs are managed and recovered effectively. From a cashflow and liqudity perspective, the Group has sufficient unrestricted cash reserves to cover net cash deficits on operating, investing and financing activities for the foreseeable future.

The rental income stream from the library provides a stable financial footing for the Guild for the next two plus decades and this together with the income expected from the activities of the cafe, visual and performing arts, lettings and events provides opportunity to build the unrestricted reserves over time. The aim is to build unrestricted designated building repairs reserves for meeting, or at least contributing towards, the costs of repairing and maintaining the building as such repair and maintenance is an obligation of the Guild by virtue of the lease for the St Mary’s Centre building between the Diocese of Lichfield and the Guild.

£943,438 (2024: £1,016,999) of fixed assets less outstanding loans are held in designated funds now that the fixed assets that represent the funds have been purchased and the restrictions pertaining to the initial funding have therefore been met.

Where possible the Trustees endeavour to mitigate exposure to both internal and external risks.

d. Material investments policy

The Articles of Association permit the charity to exercise powers of investment and borrowing which are consistent with its principal objects and activities. At the year end the charity only held the investment in the trading subsidiary. The performance of the investments is monitored on a regular basis by the Trustees.

Page 9

Docusign Envelope ID: 6B3BF200-C6CF-8490-80C7-FCBBB0EFE372

The Guild of St Mary's Centre Lichfield

(A company limited by guarantee)

Trustees' report (continued) For the year ended 31 December 2025

Structure, governance and management

a. Constitution

The company and the group is constituted under Articles of Association dated 18th January 2018. The company is registered as a charitable company limited by guarantee and is a registered charity (number 1017020).

b. Methods of appointment or election of Trustees

The members of the Guild appoint the Trustees to carry on its day-to-day business. The maximum number of Trustees permitted by the Articles of Association is twelve and the minimum is three. The liability of each member, in the event of winding up, is limited to £1.

Trustees are identified from people within the local community who have the skills necessary to make a contribution to the running of The Hub and are appointed by the existing Trustees for ratification at the next Annual General Meeting by members of the Guild, or directly appointed by members of the Guild at the Annual General Meeting.

None of the Trustees held any beneficial interest in the issued share capital of the subsidiary undertaking at 1st January 2025, 31st December 2025 or at any time during 2025.

The Trustees met four times during 2025.

c. Policies adopted for the induction and training of Trustees

New Trustees are provided with copies of the governing document, the most recent annual report, recent minutes and a copy of the Charity Commission guidance, "The Essential Trustee" as part of their familiarisation and induction.

d. Pay policy for key management personnel

The remuneration of senior staff is set and confirmed by the Trustees.

e. Related party relationships

St. Mary’s Centre Lichfield (Shops) Limited is a wholly owned trading subsidiary undertaking. The Directors of the trading subsidiary are appointed by the members of the Guild and during 2025 were William Fleming and Nicholas Sedgwick.

f. Financial risk management

The Trustees have assessed the major risks to which the Group and the company are exposed, in particular those related to the operations and finances of the Group and the company, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

Page 10

Docusign Envelope ID: 6B3BF200-C6CF-8490-80C7-FCBBB0EFE372

The Guild of St Mary's Centre Lichfield

(A company limited by guarantee)

Trustees' report (continued)

For the year ended 31 December 2025

Plans for future periods

We continue to develop our fundraising and sponsorship activity to enable us to do more community engagement work and to strengthen the organisation moving forward. We look forward to further corporate and Council support in 2026 so that we can expand our activities and improve our performing arts and exhibition offerings.

In 2026, fundraising, sponsorship and business partnerships will be expanded to support future improvements and strengthen the Hub’s resilience. Priorities include new lighting, development of the kitchen facilities, continued maintenance of the historic building and investment in systems and marketing that help the small team work efficiently.

Diverse income streams remain key to the Hub’s expansion and survival, and based on the increased income for 2025 we are confident that we can continue to grow and develop our funding sources as we move forward into the future.

Funds held as custodian

There are no funds held as custodian.

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Group and the company and of their incoming resources and application of resources, including their income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles of the Charities SORP (FRS 102);

• make judgements and accounting estimates that are reasonable and prudent;

• state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group will continue in business.

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Group and the company's transactions and disclose with reasonable accuracy at any time the financial position of the Group and the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Group and the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Small companies note

In preparing this report, the Trustees have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

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Docusign Envelope ID: 6B3BF200-C6CF-8490-80C7-FCBBB0EFE372

The Guild of St Mary's Centre Lichfield

(A company limited by guarantee)

Trustees' report (continued)

For the year ended 31 December 2025

Approved by order of the members of the board of Trustees and signed on their behalf by:

---

Mr N G Sedgwick Trustee

Date: 3 August 2026

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Docusign Envelope ID: 6B3BF200-C6CF-8490-80C7-FCBBB0EFE372

The Guild of St Mary's Centre Lichfield

(A company limited by guarantee)

Independent examiner's report For the year ended 31 December 2025

Independent examiner's report to the Trustees of The Guild of St Mary's Centre Lichfield ('the Group')

I report to the charity Trustees on my examination of the consolidated financial statements of the Group comprising the The Guild of St Mary's Centre Lichfield ('the parent company') and its subsidiary undertakings for the year ended 31 December 2025.

Responsibilities and basis of report

As the Trustees of the parent company (and its directors for the purposes of company law) you are responsible for the preparation of the consolidated accounts of the Group in accordance with the requirements of the Companies Act 2006 ('the 2006 Act') and you have chosen to prepare consolidated accounts for the Group. You are satisfied that the accounts of both parent company and the Group are not required by either company or charity law to be audited and have chosen instead to have an independent examination.

Having satisfied myself that the consolidated financial statements are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Group's financial statements carried out under section 152 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 152(5)(b) of the 2011 Act.

An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently I express no opinion as to whether the consolidated financial statements present a 'true and fair' view and my report is limited to those specific matters set out in the independent examiner's statement.

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Docusign Envelope ID: 6B3BF200-C6CF-8490-80C7-FCBBB0EFE372

The Guild of St Mary's Centre Lichfield

(A company limited by guarantee)

Independent examiner's report (continued)

For the year ended 31 December 2025

Independent examiner's statement

Since the Trustees have opted to prepare consolidated accounts for the Group your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the parent company and its subsidiaries as required by section 386 of the 2006 Act; or

2. the financial statements do not accord with those records; or

3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or

4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

This report is made solely to the company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the parent company and the company's Trustees as a body, for my work or for this report.

Signed: Dated: 10-Aug-26 | 4:12 PM BST Karen Neilson FCA

Dains Audit Limited Birmingham

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Docusign Envelope ID: 6B3BF200-C6CF-8490-80C7-FCBBB0EFE372

The Guild of St Mary's Centre Lichfield

(A company limited by guarantee)

Consolidated Statement of financial activities

(incorporating income and expenditure account) For the year ended 31 December 2025

Note Income from: Donations and legacies 3 Charitable activities 4 Other trading activities 5 Investments 6 Total income Expenditure on: Raising funds 7 Charitable activities: The Hub Building redevelopment project Total expenditure Net expenditure Transfers between funds 17 Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward	Unrestricted funds 2025 £ 4,119 131,410 365,280 5,716 506,525 395,760 155,006 69,700 620,466 (113,941) 920 (113,021) 1,090,588 (113,021) 977,567	Restricted funds 2025 £ 111,107 - - - 111,107 - 113,440 - 113,440 (2,333) (920) (3,253) 50,462 (3,253) 47,209	Total funds 2025 £ 115,226 131,410 365,280 5,716 617,632 395,760 268,446 69,700 733,906 (116,274) - (116,274) 1,141,050 (116,274) 1,024,776	Total funds 2024 £ 79,242 129,635 321,793 7,146 537,816 329,458 212,229 69,700 611,387 (73,571) - (73,571) 1,214,621 (73,571) 1,141,050

The notes on pages 21 to 46 form part of these financial statements.

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Docusign Envelope ID: 6B3BF200-C6CF-8490-80C7-FCBBB0EFE372

The Guild of St Mary's Centre Lichfield (A company limited by guarantee) Registered number: 02782699

Consolidated balance sheet As at 31 December 2025

Note Fixed assets Tangible assets 11 Current assets Stocks 13 Debtors 14 Cash at bank and in hand 21 Current liabilities Creditors: amounts falling due within one year 15 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 16 Total net assets Charity funds Restricted funds 17 Unrestricted funds 17 Total funds	7,384 28,773 161,318 197,475 (124,758)	2025 £ 995,048 72,717 1,067,765 (42,989) 1,024,776 47,209 977,567 1,024,776	6,212 27,298 186,887 220,397 (107,292)	2024 £ 1,079,555 113,105
				1,192,660 (51,610) 1,141,050 50,462 1,090,588 1,141,050

The company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

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Docusign Envelope ID: 6B3BF200-C6CF-8490-80C7-FCBBB0EFE372

The Guild of St Mary's Centre Lichfield

(A company limited by guarantee) Registered number: 02782699

Consolidated balance sheet (continued) As at 31 December 2025

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

---

Mr N G Sedgwick

Trustee Date: 3 August 2026

The notes on pages 21 to 46 form part of these financial statements.

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Docusign Envelope ID: 6B3BF200-C6CF-8490-80C7-FCBBB0EFE372

The Guild of St Mary's Centre Lichfield

(A company limited by guarantee) Registered number: 02782699

Company balance sheet As at 31 December 2025

Note Fixed assets Tangible assets 11 Investments 12 Current assets Debtors 14 Cash at bank and in hand Current liabilities Creditors: amounts falling due within one year 15 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 16 Total net assets Charity funds Restricted funds 17 Unrestricted funds 17 Total funds	19,190 157,788 176,978 (42,410)	2025 £ 995,048 100 995,148 134,568 1,129,716 (42,989) 1,086,727 47,209 1,039,518 1,086,727	24,739 183,645 208,384 (50,587)	2024 £ 1,079,555 100
				1,079,655 157,797
				1,237,452 (51,610) 1,185,842 47,962 1,137,880 1,185,842

The charity's net movement in funds for the year was £(99,115) (2024 - £(57,988)).

The company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

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The Guild of St Mary's Centre Lichfield

(A company limited by guarantee) Registered number: 02782699

Company Statement of financial position (continued) As at 31 December 2025

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

_________

Mr N G Sedgwick Trustee

Date: 3 August 2026

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Docusign Envelope ID: 6B3BF200-C6CF-8490-80C7-FCBBB0EFE372

The Guild of St Mary's Centre Lichfield

(A company limited by guarantee)

Consolidated statement of cash flows

For the year ended 31 December 2025

Note Cash flows from operating activities Net cash (used in)/provided by operating activities 20 Cash flows from investing activities Dividends, interests and rents from investments Purchase of tangible fixed assets Net cash provided by investing activities Cash flows from financing activities Repayments of borrowing Net cash used in financing activities Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year 21	2025 £ (16,416) 5,716 (3,923) 1,793 (10,946) (10,946) (25,569) 186,887 161,318	2024 £ 9,746 7,146 (4,490) 2,656 (19,609) (19,609) (7,207) 194,094 186,887

The notes on pages 21 to 46 form part of these financial statements

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Docusign Envelope ID: 6B3BF200-C6CF-8490-80C7-FCBBB0EFE372

The Guild of St Mary's Centre Lichfield

(A company limited by guarantee)

Notes to the financial statements For the year ended 31 December 2025

1. General information

The Guild of St Mary's Centre Lichfield is a charitable company, limited by guarantee, incorporated in the United Kingdom and registered in England and Wales under the Companies Act 2006. The address of its registered office is St Mary's Centre, Market Square, Lichfield, Staffordshire, WS13 6LG. The registered number of the company is 02782699 and its registered charity number is 1017020. Details of the primary charitable objectives and activities are contained in the Trustees' Report.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) and the Companies Act 2006.

The financial statements are presented in the Group's functional currency of GBP (Sterling). They are presented to the nearest £1.

The Guild of St Mary's Centre Lichfield meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The Consolidated statement of financial activities (SOFA) and Consolidated balance sheet consolidate the financial statements of the Group and its subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis.

The Group has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of financial activities in these financial statements. The income and expenditure for the year dealt with in the individual financial statements of the charitable company showed a deficit of £99,115 (2024 - £57,988).

2.2 Company status

The company is a company limited by guarantee. The members of the company include the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.

2.3 Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

The Group has been operating a reasonably full programme. The finances of the Group have been sustained by performing arts and ticket sales, library rental income, coffee shop income, corporate sponsorship and grants and donations. The Trustees believe the Group has the ability to meet liabilities as they fall due and operate within its current parameters whilst fulfilling charitable objectives.

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Docusign Envelope ID: 6B3BF200-C6CF-8490-80C7-FCBBB0EFE372

The Guild of St Mary's Centre Lichfield

(A company limited by guarantee)

Notes to the financial statements For the year ended 31 December 2025

2. Accounting policies (continued)

2.4 Income

All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the company has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the company, can be reliably measured.

Grants are included in the Consolidated statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold.

Where the donated good is a fixed asset, it is measured at fair value, unless it is impractical to measure this reliably, in which case the cost of the item to the donor should be used. The gain is recognised as income from donations and a corresponding amount is included in the appropriate fixed asset class and depreciated over the useful economic life in accordance with the company's accounting policies.

On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the company which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

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Docusign Envelope ID: 6B3BF200-C6CF-8490-80C7-FCBBB0EFE372

The Guild of St Mary's Centre Lichfield

(A company limited by guarantee)

Notes to the financial statements For the year ended 31 December 2025

2. Accounting policies (continued)

2.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the Group to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Group's objectives, as well as any associated support costs.

2.6 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Group; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.7 Taxation

The company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

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Docusign Envelope ID: 6B3BF200-C6CF-8490-80C7-FCBBB0EFE372

The Guild of St Mary's Centre Lichfield

(A company limited by guarantee)

Notes to the financial statements For the year ended 31 December 2025

2. Accounting policies (continued)

2.8 Tangible fixed assets and depreciation

All expenditure on fixed assets is capitalised.

The Heritage Exhibition assets include a small number of donated articles which have not been valued. These assets were gifted to the Exhibition and as these are unique and irreplaceable, the Trustees consider that no value can be attributed to them.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined to be the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following bases:

Leasehold improvements - The shorter of the useful life of the leasehold improvement or the remaining term of the lease, straight-line - Fixtures, fittings and equipment Useful lives up to 10 years, straight-line

2.9 Investments

Investments in subsidiaries are valued at cost less provision for impairment.

2.10 Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost is based on the cost of purchase on a first in, first out basis.

2.11 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.12 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

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Docusign Envelope ID: 6B3BF200-C6CF-8490-80C7-FCBBB0EFE372

The Guild of St Mary's Centre Lichfield

(A company limited by guarantee)

Notes to the financial statements For the year ended 31 December 2025

2. Accounting policies (continued)

2.13 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Consolidated statement of financial activities as a finance cost.

2.14 Financial instruments

The Group only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

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Docusign Envelope ID: 6B3BF200-C6CF-8490-80C7-FCBBB0EFE372

The Guild of St Mary's Centre Lichfield

(A company limited by guarantee)

Notes to the financial statements For the year ended 31 December 2025

2. Accounting policies (continued)

2.14 Financial instruments (continued)

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

2.15 Operating leases

Rentals paid under operating leases are charged to the Consolidated statement of financial activities on a straight line basis over the lease term.

2.16 Pensions

The Group operates a defined contribution pension scheme for its employees and the pension charge represents the amounts payable by the Group to the fund in respect of the year.

A defined contribution plan is a pension plan under which the group pays fixed contributions into a separate entity. Once the contributions have been paid the group has no further payment obligations.

The contributions are recognised as an expense in the Consolidated statement of financial activities when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the group in independently administered funds.

2.17 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Group and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Group for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

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Docusign Envelope ID: 6B3BF200-C6CF-8490-80C7-FCBBB0EFE372

The Guild of St Mary's Centre Lichfield

(A company limited by guarantee)

Notes to the financial statements

For the year ended 31 December 2025

3. Income from donations and legacies

Donations Grants Total 2025	Unrestricted funds 2025 £ 4,119 - 4,119	Restricted funds 2025 £ - 111,107 111,107	Total funds 2025 £ 4,119 111,107 115,226

For 2025, a detailed breakdown of restricted fund income is included within Note 17.

Donations Grants Total 2024	Unrestricted funds 2024 £ 4,637 - 4,637	Restricted funds 2024 £ - 74,605 74,605	Total funds 2024 £ 4,637 74,605 79,242

4. Income from charitable activities

	Unrestricted	Total	Total
	funds	funds	funds
	2025	2025	2024
	£	£	£
Library rental, events and lettings	131,410	131,410	129,635

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Docusign Envelope ID: 6B3BF200-C6CF-8490-80C7-FCBBB0EFE372

The Guild of St Mary's Centre Lichfield

(A company limited by guarantee)

Notes to the financial statements

For the year ended 31 December 2025

5. Income from other trading activities

Income from fundraising events

Donations from Members Income from non charitable trading activities Subsidiary's trading income	Unrestricted funds 2025 £ 690 Unrestricted funds 2025 £ 364,590	Total funds 2025 £ 690 Total funds 2025 £ 364,590	Total funds 2024 £ 700
			Total funds 2024 £ 321,093

6. Income from investments

	Unrestricted	Total	Total
	funds	funds	funds
	2025	2025	2024
	£	£	£
Bank interest received	5,716	5,716	7,146

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Docusign Envelope ID: 6B3BF200-C6CF-8490-80C7-FCBBB0EFE372

The Guild of St Mary's Centre Lichfield

(A company limited by guarantee)

Notes to the financial statements

For the year ended 31 December 2025

7. Expenditure on raising funds

Costs of raising voluntary income

	Unrestricted	Total	Total
	funds	funds	funds
	2025	2025	2024
	£	£	£
Event and fundraising costs	12,804	12,804	14,921

Other trading expenses

Performance, events and café - staff costs Performance, events and café costs	Trading subsidiary 2025 £ 195,610 187,346 382,956	Total funds 2025 £ 195,610 187,346 382,956	Total funds 2024 £ 152,131 162,406 314,537

8. Analysis of expenditure by activities

The Hub Building redevelopment project Total 2025	Activities undertaken directly 2025 £ 247,395 69,700 317,095	Support costs 2025 £ 21,051 - 21,051	Total funds 2025 £ 268,446 69,700 338,146

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Docusign Envelope ID: 6B3BF200-C6CF-8490-80C7-FCBBB0EFE372

The Guild of St Mary's Centre Lichfield

(A company limited by guarantee)

Notes to the financial statements For the year ended 31 December 2025

8. Analysis of expenditure by activities (continued)

The building redevelopment project activity is the element of the annual depreciation charge that pertains to the funded part of the building renovation completed in December 2018. It is calculated on the basis of depreciating the funded assets down to £Nil over 20 years (for the leasehold improvements) and 10 years (for the fixtures and fittings). The related income funds received in 2016–2018 (amounting to £1,352,377) recognised as income in 2016, 2017 and 2018 were restricted to being utilised on the capital renovation project and therefore the resulting depreciation charge of £69,700 is presented as included in the expenditure through the designated fixed asset fund in note 17.

The Company contracted for and managed the building renovations as landlord for the project as a whole comprising both the library part (fully funded by Staffordshire County Council) and those parts of the building utilised by the Group.

This building renovation project (including the library) expenditure has been fully funded but the accounting treatment results in timing differences between recognising income (years 2016 to 2018) and recognising expenditure (years 2018 to 2038). This total income and expenditure is ultimately equivalent in aggregate but the accounting treatment impacts the net income/expenditure of the Group shown by the periodic Consolidated statement of financial activities.

The Hub Building redevelopment project Total 2024	Activities undertaken directly 2024 £ 194,619 69,700 264,319	Support costs 2024 £ 17,610 - 17,610	Total funds 2024 £ 212,229 69,700 281,929

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Docusign Envelope ID: 6B3BF200-C6CF-8490-80C7-FCBBB0EFE372

The Guild of St Mary's Centre Lichfield

(A company limited by guarantee)

Notes to the financial statements

For the year ended 31 December 2025

8. Analysis of expenditure by activities (continued)

Analysis of direct costs

Staff costs Depreciation Repairs and maintenance Sundry expenses and cleaning Premises and admin costs Training General office expenses Advertising Total 2025 Staff costs Depreciation Repairs and maintenance Sundry expenses and cleaning Premises and admin costs General office expenses Advertising Total 2024	The Hub 2025 £ 83,886 18,730 75,317 20,440 42,197 2,472 890 3,463 247,395 The Hub 2024 £ 73,975 18,029 30,355 18,635 51,002 1,124 1,499 194,619	Building redevelopment project 2025 £ - 69,700 - - - - - - 69,700 Building redevelopment project 2024 £ - 69,700 - - - - - 69,700	Total funds 2025 £ 83,886 88,430 75,317 20,440 42,197 2,472 890 3,463 317,095
			Total funds 2024 £ 73,975 87,729 30,355 18,635 51,002 1,124 1,499 264,319

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Docusign Envelope ID: 6B3BF200-C6CF-8490-80C7-FCBBB0EFE372

The Guild of St Mary's Centre Lichfield

(A company limited by guarantee)

Notes to the financial statements

For the year ended 31 December 2025

8. Analysis of expenditure by activities (continued)

Analysis of support costs

Interest payable Professional fees Governance	Total funds 2025 £ 2,029 13,923 5,099 21,051	Total funds 2024 £ 1,703 13,025 2,882 17,610

9. Independent examiner's remuneration

The independent examiner's remuneration amounts to an independent examiner fee of £3,950 (2024 - £3,600).

10. Staff costs

Wages and salaries Pension costs	Group 2025 £ 275,635 3,861 279,496	Group 2024 £ 223,294 2,812 226,106	Company 2025 £ 80,025 3,861 83,886	Company 2024 £ 71,163 2,812 73,975

The average number of persons employed by the company during the year was as follows:

	Group	Group
	2025	2024
	No.	No.
Staff	18	15

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Docusign Envelope ID: 6B3BF200-C6CF-8490-80C7-FCBBB0EFE372

The Guild of St Mary's Centre Lichfield

(A company limited by guarantee)

Notes to the financial statements

For the year ended 31 December 2025

10. Staff costs (continued)

No employee received remuneration amounting to more than £60,000 in either year.

Trustees remuneration and expenses

No remuneration out of the funds of the Charity was paid or is payable for the year to any Trustees or to any person known to be connected with them.

During the year, no Trustee was reimbursed for expenses incurred on behalf of the charity (2024 - none).

11. Tangible fixed assets

Group and Company

Cost At 1 January 2025 Additions At 31 December 2025 Depreciation At 1 January 2025 Charge for the year At 31 December 2025 Net book value At 31 December 2025 At 31 December 2024	Leasehold improvements £ 1,445,700 - 1,445,700 436,722 72,285 509,007 936,693 1,008,978	Fixtures, fittings and equipment £ 124,736 3,923 128,659 54,159 16,145 70,304 58,355 70,577	Total £ 1,570,436 3,923 1,574,359
			490,881 88,430 579,311
			995,048
			1,079,555

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Docusign Envelope ID: 6B3BF200-C6CF-8490-80C7-FCBBB0EFE372

The Guild of St Mary's Centre Lichfield

(A company limited by guarantee)

Notes to the financial statements

For the year ended 31 December 2025

12. Fixed asset investments

Company Cost or valuation At 1 January 2025 At 31 December 2025 Net book value At 31 December 2025 At 31 December 2024 13. Stocks Goods for resale 14. Debtors Trade debtors Other debtors Prepayments and accrued income	Group 2025 £ 13,686 2,627 12,460 28,773	Group 2024 £ 25,275 150 1,873 27,298	Group 2025 £ 7,384	Investment in subsidiary company £ 100 100 100 100 Group 2024 £ 6,212 Company 2024 £ 23,776 - 963 24,739	Investment in subsidiary company £ 100 100 100 100 Group 2024 £ 6,212 Company 2024 £ 23,776 - 963 24,739
			Company 2025 £ 9,100 - 10,090		Company 2024 £ 23,776 - 963
			19,190		24,739

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Docusign Envelope ID: 6B3BF200-C6CF-8490-80C7-FCBBB0EFE372

The Guild of St Mary's Centre Lichfield

(A company limited by guarantee)

Notes to the financial statements

For the year ended 31 December 2025

15. Creditors: Amounts falling due within one year

Bank loans Other loans Payments received on account Trade creditors Other taxation and social security Accruals and deferred income Deferred income at 1 January 2025 Resources deferred during the year Amounts released from previous periods	Group 2025 £ 6,667 1,954 46,564 17,078 17,706 34,789 124,758 Group 2025 £ 22,030 22,030 (22,030) 22,030	Group 2024 £ 8,000 2,946 27,524 15,598 14,463 38,761 107,292 Group 2024 £ 22,030 22,030 (22,030) 22,030	Company 2025 £ 6,667 1,954 - 4,553 561 28,675 42,410 Company 2025 £ 22,030 22,030 (22,030) 22,030	Company 2024 £ 8,000 2,946 - 10,655 343 28,643 50,587 Company 2024 £ 22,030 22,030 (22,030) 22,030

Deferred income at 31 December 2025 comprises rental income for the first quarter of 2026.

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Docusign Envelope ID: 6B3BF200-C6CF-8490-80C7-FCBBB0EFE372

The Guild of St Mary's Centre Lichfield

(A company limited by guarantee)

Notes to the financial statements

For the year ended 31 December 2025

16. Creditors: Amounts falling due after more than one year

Bank loans Other loans Included within the above are amounts falling due Between one and two years Bank loans Other loans Between two and five years Other loans Over five years Other loans	Group 2025 £ - 42,989 42,989 as follows: Group 2025 £ - 1,954 5,862 35,173	Group 2024 £ 6,667 44,943 51,610 Group 2024 £ 6,667 1,954 5,862 37,127	Company 2025 £ - 42,989 42,989 Company 2025 £ - 1,954 5,862 35,173	Company 2024 £ 6,667 44,943
				51,610
				Company 2024 £ 6,667 1,954 5,862 37,127

The Group hold a £6,667 (2024 - £14,667) bank loan via the Coronavirus Bounce Bank Loan Scheme (BBLS). The loan carries a fixed interest rate of 2.5% per annum and the term of the loan extends to October 2026 with no early repayment charges.

Other loans comprise a loan from Staffordshire County Council (SCC) and one from the Diocese of Lichfield.

The second SCC loan has £44,943 (2024 - £46,897) outstanding which is repayable over the next 25 years at a fixed rate of interest, being 3.13%.

The Diocese loan has £Nil (2024 - £992) outstanding having been repaid in full in the year.

No security has been granted over any of the Group's loans.

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Docusign Envelope ID: 6B3BF200-C6CF-8490-80C7-FCBBB0EFE372

The Guild of St Mary's Centre Lichfield

(A company limited by guarantee)

Notes to the financial statements

For the year ended 31 December 2025

17. Statement of funds

Statement of funds - current year

Unrestricted funds Designated funds Building repairs Fixed assets General funds Reserves Total Unrestricted funds	Balance at 1 January 2025 £ 66,312 1,016,999 1,083,311 7,277 1,090,588	Income £ - - - 506,525 506,525	Expenditure £ (5,086) (88,430) (93,516) (526,950) (620,466)	Transfers in/(out) £ - 14,869 14,869 (13,949) 920	Balance at 31 December 2025 £ 61,226 943,438 1,004,664 (27,097) 977,567

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Docusign Envelope ID: 6B3BF200-C6CF-8490-80C7-FCBBB0EFE372

The Guild of St Mary's Centre Lichfield

(A company limited by guarantee)

Notes to the financial statements

For the year ended 31 December 2025

17. Statement of funds (continued) Restricted funds Ernest and Elsie Taylor Legacy Fund GroundWork UK (HS2) Lichfield District Council (VCS) Lichfield District Council (UKSPF) Rotary Club of Lichfield St Chad LWASCR The Pilgrim Trust Staffordshire County Council Swinfen Broun Charitable Trust Legacy - Peter Taylor Arts Council Cultural Recovery St Mary's Fabric Fund Arts Council We Love Lichfield Fund Lichfield City Council Lichfield Conduit Lands Total of funds	Balance at 1 January 2025 £ 1,675 - - - - - - - 4,102 2,000 7,449 24,735 - 1,028 6,973 2,500 50,462 1,141,050	Income £ - 29,898 36,100 7,649 920 3,330 6,000 1,000 - - - - 26,210 - - - 111,107 617,632	Expenditure £ - (29,898) (36,100) (7,649) - (3,330) (6,000) (1,000) (4,102) - (1,590) (6,811) (6,995) (492) (6,973) (2,500) (113,440) (733,906)	Transfers in/(out) £ - - - - (920) - - - - - - - - - - - (920) -	Balance at 31 December 2025 £ 1,675 - - - - - - - - 2,000 5,859 17,924 19,215 536 - - 47,209
					1,024,776

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Docusign Envelope ID: 6B3BF200-C6CF-8490-80C7-FCBBB0EFE372

The Guild of St Mary's Centre Lichfield

(A company limited by guarantee)

Notes to the financial statements For the year ended 31 December 2025

17. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds Designated funds Building repairs Fixed assets General funds Reserves Total Unrestricted funds Restricted funds Ernest and Elsie Taylor Legacy Fund Swinfen Broun Charitable Trust Legacy - Peter Taylor Arts Council Cultural Recovery St Mary's Fabric Fund We Love Lichfield Fund Lichfield City Council GroundWork UK (HS2) Lichfield District Council (VCS) Lichfield Conduit Lands Lichfield District Council (UKSPF)	Balance at 1 January 2024 £ 68,112 1,080,629 1,148,741 28,891 1,177,632 1,675 102 2,000 7,449 24,735 1,028 - - - - - 36,989	Income £ - - - 463,211 463,211 - 4,000 - - - - 6,973 26,106 31,970 2,500 3,056 74,605	Expenditure £ (1,800) (87,445) (89,245) (461,010) (550,255) - - - - - - - (26,106) (31,970) - (3,056) (61,132)	Transfers in/(out) £ - 23,815 23,815 (23,815) - - - - - - - - - - - - -	Balance at 31 December 2024 £ 66,312 1,016,999 1,083,311
					7,277 1,090,588
					1,675 4,102 2,000 7,449 24,735 1,028 6,973 - - 2,500 - 50,462

Page 39

Docusign Envelope ID: 6B3BF200-C6CF-8490-80C7-FCBBB0EFE372

The Guild of St Mary's Centre Lichfield

(A company limited by guarantee)

Notes to the financial statements

For the year ended 31 December 2025

17. Statement of funds (continued)

Total of funds Purpose of funds	Balance at 1 January 2024 £ 1,214,621	Income £ 537,816	Expenditure £ (611,387)	Transfers in/(out) £ -	Balance at 31 December 2024 £ 1,141,050

Designated funds

Building repairs - £45,874 has been set aside by the Trustees to cover future costs of repairing and maintaining the building, as such repair and maintenance is an obligation of the Guild by virtue of the lease of The Hub at St Mary's Centre building between the Diocese of Lichfield and the Guild. £4,126 was utilised during the year for repairs to the boiler and lift, and £960 was utilised for repairs to the roof and gutters. £15,352 has been set aside by the Trustees to cover future costs of correcting defects found in the building as a result of defective contractor work. The funds have been released from retentions held for principal contractors on the redevelpment project for the building.

Fixed assets fund - represents the net book value of certain fixed assets less the balance of outstanding loans. These are assets purchased utilising restricted grants and the restrictions pertaining to the funding have been met. The fund contains the balance of the redevelopment project fund and Lichfield City Council & Lichfield Conduit Lands fund transferred into the fund in 2020. The redevelopment project was the refurbishment of The Hub at St Mary's Centre building to accommodate the library on the ground floor and provide a mixed-use facility on the first floor. The Lichfield City Council & Lichfield Conduit Lands fund was utilised to purchase sound and lighting equipment at The Hub. Depreciation is being charged to the fund accordingly for fixed assets.

Restricted funds

The Ernest and Elsie Legacy Fund was bequeathed to the centre to finance the cleaning of the Bower Tapestry in the heritage centre.

Swinfen Broun Charitable Trust - Funding of £4,000 received in 2024 for the Bells' refurbishment project and Learning Centre, it was fully utilised in 2025. Funding of £2,000 had been received in 2020 for relabelling and reinterpretation of the silver collection, new history display boards and children's packs. This funding was fully utilised as of 31 December 2025.

Legacy - Peter Taylor - Legacy received for the purpose of rebranding and retaining the Silver Collection.

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Docusign Envelope ID: 6B3BF200-C6CF-8490-80C7-FCBBB0EFE372

The Guild of St Mary's Centre Lichfield

(A company limited by guarantee)

Notes to the financial statements For the year ended 31 December 2025

Restricted funds (continued)

Arts Council Cultural Recovery Fund (CRF) - Funding received from Arts Council England to aid transition back to a viable and sustainable operating model. Three tranches of CRF were received in prior years. CRF1 was utilised to fund the Artistic and Executive Directors to develop a new strategy and business plan with the Board, oversee recruitment and work alongside consultants in order to develop a new programme of events that are economically viable should social distancing remain in place and that responds to the overall socio-economic impacts of Covid-19. CRF2 was utilised to support programme delivery, putting on events and paying artists. CRF3, has mostly been expended and some work is on-going. There are plans to spend the remaining funds in 2026 on a access video, youth audience development and mentoring as well as staff training.

We Love Lichfield Fund - £1,000 grant was received in 2021 for a Heritage project. £492 was utilised for exhibition display areas as part of the Tower refurbishment in 2025.

St Mary's Fabric Fund - In April 2021, The Parochial Church Council of St Michael and St Mary, Lichfield transferred to the Guild of St Mary's Centre Lichfield; the balance of fund held in the St Mary's Fabric Fund (£28,136) was for the Trustees of The Guild of St Mary's Centre (Lichfield) to administer for the benefit of the fabric of the building. This fund was partly utilised in 2022 on the refurbishment of the viewing platform of the Spire. This fund was further utilised in 2025 for repairs to the boiler and the lift.

Lichfield Conduit Lands: A grant of £2,500 was received in September 2024 for the Bells project, a refurbishment project designed to breathe new life into the bells at St Mary's as a teaching resource for ringing across the Midlands. This fund was fully utilised in 2025.

Lichfield City Council - A grant of £6,973 was received in December 2024 for the Bells project. Refurbishment work was performed in the first quarter of 2025 and thus, the fund was fully utilised in 2025.

GroundWork UK (HS2) - Grants totalling £29,898 was received during 2025 and fully utilised for the Bells project, clock repairs and spire cleaning.

Lichfield District Council (VCS) - Grants totalling £36,100 were received during 2025 and fully utilised for developing The Hub at the Heart of the Community (Lichfield and District). Several projects including engagement with various groups, creative programmes to engage with hard-to-reach communities and those who feel disengaged and bringing new people into volunteering.

Lichfield District Council (UKSPF): A grant of £7,649 was received in 2025 for the purpose of expanding inclusivity and diversity at The Hub. It was fully utilised in 2025.

Lichfield & Walsall Archdeaconries Society of Change Ringers (LWASCR) - Grants totalling £3,330 were received in 2025 comprising £1,330 towards kit for the bell ringing learning centre and £2,000 for woodwork repairs as part of the Tower & Bells refurbishment project. The grants were fully utilised in 2025.

The Pilgrim Trust - A grant of £6,000 was received in 2025 for the Bells project. This was fully utilised in 2025.

Staffordshire County Council - A grant of £1,000 was received in 2025 to fund the purchase of children's play equipment in The Hub. This was fully utilised in 2025.

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Docusign Envelope ID: 6B3BF200-C6CF-8490-80C7-FCBBB0EFE372

The Guild of St Mary's Centre Lichfield

(A company limited by guarantee)

Notes to the financial statements For the year ended 31 December 2025

Restricted funds (continued)

Rotary Club of Lichfield St Chad - A donation of £920 was received in 2025 to fund the purchase of a defibrilator for use in the Tower Tours. This was fully utilised in 2025.

Funds in deficit

Included within unrestricted funds of £977,567, is a deficit carried forward on general funds of £27,097 (2024: surplus funds carried forward of £7,277). Whilst there has been good growth in income for 2025 from the programme of events and projects, the core reason for this deficit is a sharp increase in staff costs, which is the single largest component of the Group's cost base. Management are taking the necessary actions to eliminate this deficit by continuing to grow income for the Group and to ensure costs are managed and recovered effectively. From a cashflow and liqudity perspective, the Group has sufficient unrestricted cash reserves to cover net cash deficits on operating, investing and financing activities for the foreseeable future.

18. Summary of funds

Summary of funds - current year

Designated funds General funds Restricted funds	Balance at 1 January 2025 £ 1,083,311 7,277 50,462 1,141,050	Income £ - 506,525 111,107 617,632	Expenditure £ (93,516) (526,950) (113,440) (733,906)	Transfers in/(out) £ 14,869 (13,949) (920) -	Balance at 31 December 2025 £ 1,004,664 (27,097) 47,209 1,024,776

Summary of funds - prior year

Designated funds General funds Restricted funds	Balance at 1 January 2024 £ 1,148,741 28,891 36,989 1,214,621	Income £ - 463,211 74,605 537,816	Expenditure £ (89,245) (461,010) (61,132) (611,387)	Transfers in/(out) £ 23,815 (23,815) - -	Balance at 31 December 2024 £ 1,083,311 7,277 50,462 1,141,050

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Docusign Envelope ID: 6B3BF200-C6CF-8490-80C7-FCBBB0EFE372

The Guild of St Mary's Centre Lichfield

(A company limited by guarantee)

Notes to the financial statements

For the year ended 31 December 2025

19. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year Total	Unrestricted funds 2025 £ 995,048 150,266 (124,758) (42,989) 977,567	Restricted funds 2025 £ - 47,209 - - 47,209	Total funds 2025 £ 995,048 197,475 (124,758) (42,989) 1,024,776

Analysis of net assets between funds - prior year

Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year Total	Unrestricted funds 2024 £ 1,079,555 169,935 (107,292) (51,610) 1,090,588	Restricted funds 2024 £ - 50,462 - - 50,462	Total funds 2024 £ 1,079,555 220,397 (107,292) (51,610) 1,141,050

Page 43

Docusign Envelope ID: 6B3BF200-C6CF-8490-80C7-FCBBB0EFE372

The Guild of St Mary's Centre Lichfield

(A company limited by guarantee)

Notes to the financial statements

For the year ended 31 December 2025

20. Reconciliation of net movement in funds to net cash flow from operating activities

Net expenditure for the year (as per Statement of Financial Activities) Adjustments for: Depreciation charges Dividends, interests and rents from investments Increase in stocks Increase/(decrease) in debtors Increase/(decrease) in creditors Net cash (used in)/provided by operating activities	Group 2025 £ (116,274) 88,430 (5,716) (1,172) (1,475) 19,791 (16,416)	Group 2024 £ (73,571)
		87,729 (7,146) (3,895) 7,339 (710)
		9,746

21. Analysis of cash and cash equivalents

Cash in hand Total cash and cash equivalents	Group 2025 £ 161,318 161,318	Group 2024 £ 186,887
		186,887

Page 44

Docusign Envelope ID: 6B3BF200-C6CF-8490-80C7-FCBBB0EFE372

The Guild of St Mary's Centre Lichfield

(A company limited by guarantee)

Notes to the financial statements

For the year ended 31 December 2025

22. Analysis of changes in net debt

Cash at bank and in hand Debt due within 1 year Debt due after 1 year	At 1 January 2025 £ 186,887 (10,946) (51,610) 124,331	Cash flows £ (25,569) 2,325 8,621 (14,623)	At 31 December 2025 £ 161,318 (8,621) (42,989) 109,708

23. Pension commitments

The group operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund and amounted to £3,861 (2024 - £2,812). Contributions totalling £Nil (2024 - £Nil) were payable to the fund at the balance sheet date.

24. Related party transactions

During the year, the charity recharged £29,881 (2024 - £17,250) of costs to its subsidiary company, St. Mary's Centre Lichfield (Shops) Limited, on an actual usage basis. The charity also incurred costs related to the charity's activities and projects of £33,191 (2024 - £35,612) recharged from its subsidiary company, St. Mary's Centre Lichfield (Shops) Limited. At the balance sheet date, the subsidiary owed the Guild £74,038 (2024 - £69,568), which has been fully provided for in these financial statements.

During the year, the total amount of donations received by the charity without conditions in the year from trustees was £170 (2024 - £50).

The charity received a grant of £Nil (2024 - £2,500) from Lichfield Conduit Lands, a charity at which two trustees of the Guild are also trustees.

Page 45

Docusign Envelope ID: 6B3BF200-C6CF-8490-80C7-FCBBB0EFE372

The Guild of St Mary's Centre Lichfield

(A company limited by guarantee)

Notes to the financial statements

For the year ended 31 December 2025

25. Principal subsidiaries

The following was a subsidiary undertaking of the company:

Name	Company	Class of	Holding
	number	shares
St Mary's Centre Lichfield (Shops) Limited	02787447	Ordinary	100%
The financial results of the subsidiary for the year were:
Name	Income	Expenditure	Net liabilities
	£	£	£
St Mary's Centre Lichfield (Shops) Limited	364,590	(385,762)	(21,172)

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