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← The Parochial Church Council Of The Ecclesiastical Parish Of St Matthew, Bayswater

2025-12-31-accounts

Docusign Envelope ID: 0A82CE1F-822A-4ED6-B9E9-562F6B7CD77D

Charity registration number 1159099 (England and Wales)

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH

OF ST MATTHEW, BAYSWATER

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

Docusign Envelope ID: 0A82CE1F-822A-4ED6-B9E9-562F6B7CD77D

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MATTHEW, BAYSWATER LEGAL AND ADMINISTRATIVE INFORMATION

Trustees
Ex Officio Rev William Coleridge (Vicar)
James Kite (Warden)
Linda Dennis (Warden)
Rev Tim Fairhead (Curate)
Elected members Michael Jeans
Florence Ajao
Robyn Pender
Pauline Hudson-Evans
James Skillen (Deanery Synod Rep)
Elizabeth Henderson
Beora Carvalho
Youngyee Cho
David Hughes
Laura Wells (Appointed 18 May 2025)
Charity number (England and Wales) 1159099
Principal address c/o 27 St. Petersburgh Place
London
W2 4LA
Website www.stmatthewsbayswater.org.uk
Independent examiner BK Plus Audit Limited
Oakingham House
Frederick Place
High Wycombe
Buckinghamshire
HP11 1JU
Bankers National Westminster Bank Plc
55 Kensington High Street
London
W8 5EQ

Docusign Envelope ID: 0A82CE1F-822A-4ED6-B9E9-562F6B7CD77D

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MATTHEW, BAYSWATER CONTENTS

Page
Trustees' report 1 - 6
Statement of Trustees' responsibilities 7
Independent examiner's report 8
Statement of financial activities 9
Balance sheet 10
Notes to the financial statements 11 - 22

Docusign Envelope ID: 0A82CE1F-822A-4ED6-B9E9-562F6B7CD77D

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MATTHEW, BAYSWATER TRUSTEES' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2025

The Trustees present their annual report and financial statements for the year ended 31 December 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's governing document, the Charities Act 2011 and "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 2019).

Aims and Purposes

St Matthew’s Parochial Church Council (the PCC) has the responsibility of cooperating with the incumbent, Rev William Coleridge, in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical.

Objectives and activities

The PCC is committed to enabling as many people as possible to worship at our Church and to become part of our life together in Bayswater. The PCC maintains an overview of worship throughout the parish and makes suggestions on how our services can involve the many groups that live within our parish. Our services and worship put faith into practice through prayer and Scripture, music and sacrament.

When planning our activities for the year we hope to enable ordinary people to live out their faith as part of our parish Church. In particular, we offer the following: -

To facilitate this work, it is important that we maintain the fabric of the Church of St Matthew’s.

Achievements and performance

Worship and Prayer 2025 marked some significant milestones; our first ever Alpha Course, the completion of the Stonework Cleaning Project, the Rededication of the building in the Autumn and the Licencing of Blanche Mbanda as a Licenced Lay Minister (LLM). Throughout the year the Lord continued to add to our number and deepen our spirituality such that our life in all its many forms consolidated.

Our services continue to typically attract 60-80 worshippers on Sunday morning with our worshipping community remaining in the region of 170 people over the course of a typical month.

Our weekly Bible study, ‘Bible Hour’ has morphed into a more stable group of roughly 8 adults. It has also been good to develop this regular core of people who have grown in their love and understanding of each other and the Scriptures.

Our trend of increasing numbers of children has stabilized now such that there remain 30 regular attendees which translates into c.20 on any given Sunday. We have grown used to this dynamic and whilst it all works well enough it would be excellent to separate out the age groups a little more. This is simply not possible with without further growth in both children and leaders. Our paid creche helpers continue to do a wonderful job looking after the younger of these children. Also, and thankfully, we but have been able to find one or two new adults to help with the Sunday school work. We have been pleased to have a full year with Yashua Sohail, a student who is studying at the London School of Theology. Yashua regularly leads Sunday School and helps with our Lego Club and youth group, St Matt’s Youth. Lego Club remains popular, though needs regular plugging in the local area to keep numbers healthy. St Matt’s Youth continues along well with 4 regular attendees, which is fine, but we continue to pray for one or two more.

Docusign Envelope ID: 0A82CE1F-822A-4ED6-B9E9-562F6B7CD77D

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MATTHEW, BAYSWATER TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

There were 80 (2024 -75) names on the Electoral Roll at the Annual Parochial Church Meeting on Sunday 18 May 2025, many of whom were not resident in the parish. Given that 2025 was a year when we had to start the Roll from scratch, it was heartening to see a slight increase in our numbers. There are certainly more people who worshipped throughout the month than we are able to get onto the Roll. The average weekly Sunday attendance counted during October 2025 was 68 adults and 19 children and young people (2024 - 72 Adults, 21 children and young people).

Rev Tim Fairhead and his wife Joanna have now been with us for two and a half years and, as such, Tim’s curacy comes to an end around Easter 2026. It is most unlikely that we shall find a successor given the way these things work in the Church of England. This is not ideal; however, we trust that the Lord will provide the clergy and other leaders that we need.

Blanche Mbanda was formally licensed as an LLM at a service at St John’s Notting Hill on 16 September 2025. Blanche is increasingly involved in leading and preaching at St Matthew’s and it has been great to see her grow in her gifts and confidence.

Deanery Synod

Over the year we covered topics including safeguarding, compassionate communities and, most recently, the further exploration of missionary funding from the central church. We are grateful to James Skillen for his representative role over the past 3 years, however given his relocation to Chelsea we will be seeking to appoint a new representative at our next APCM.

Pastoral Care

This is offered primarily by our Vicar, Rev William Coleridge, Rev Tim Fairhead as Curate, Blanche Mbanda as LLM, and Pauline Hudson-Evans whose role we describe as ‘coffee and cake’, this being meeting with those women who would value her practical and spiritual input. This year we instituted a Pastoral ‘P-Team’ for the first time, meeting after our morning service. The purpose was to share pastoral concerns, offer wisdom and advice and to pray for the situations before us and one another. It was a great start and we shall now aim to meet roughly termly in this way.

Will, Tim, Pauline and Blanche meet with a wide variety of individuals for different purposes as well as offering pastoral care Sunday by Sunday after our services. It should also be noted that the Will’s wife, Liz Coleridge, offers a sustained level of pastoral support to certain individuals and Joanna, Tim’s Wife, is also important on this front.

We are finding an increasing need for pastoral care at our weekly foodbank. This is offered by the excellent team of volunteers, ably headed up by Liz Coleridge and John Henderson.

We continue to rejoice in the variety of the people whom the Lord brings to St Matthew’s; we are a very mixed group!

Mission and Evangelism

We have visitors every Sunday at St Matthew’s! The nature of Christian ministry in London means that every Sunday congregation is unique and whilst we enjoy the challenge and opportunities of this, it does make planning difficult! Not least as people arrive they also leave. This past summer two wonderful families moved on to start their next chapter, in Barnes and Buckinghamshire respectively. This is always sad, however we are pleased when they ‘leave well’ which means they are keen to find a new church in the neighbourhoods where they settle.

Our Christmas services this year attracted similar congregations on Christmas Day (130 adults) and Christmas Eve (100 adults) as the previous year with a very healthy number of children on Christmas Day (c.30).

On Sunday 21 September we hosted a wonderful rededication service at St Matthew’s which included welcoming Bishop Sarah Mullaly (who subsequently was nominated to become the next Archbishop of Canterbury). It was excellent also to have Rev Preb Charles Marnham preach at the service. The service moved around the church, highlighting the main ministries that we offer and inviting the Bishop to pray for each one, including over the St Matthew’s staff team. It also involved the Confirmation of Yashua Sohail. It was a moving occasion. The service was followed by a splendid bring and share lunch. We returned home rejoicing!

Our first ever (shortened form) Alpha course ran for four weeks in Lent. It was a great success being much appreciated by the 20 or so guests who attended. We shall run it again in 2026.

Docusign Envelope ID: 0A82CE1F-822A-4ED6-B9E9-562F6B7CD77D

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MATTHEW, BAYSWATER TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

This year we completed our major stone cleaning project at St Matthew’s. The stonework of the church has never been cleaned and was coated with a black carboniferous deposit, hiding the beauty of the building. This work was necessary to preserve the building, but it has also meant that the building far better advertises the Christian faith to our community; ‘speaking’ of our being a living and active Christian community. We were able to manage the work around the extensive use of the building which meant that we did not suffer a drop in our rental income. The Stonework Committee were excellent and their work much appreciated. The contractors, Sally Strachey, offered excellent and professional work however it was with great shock that towards the end of 2025 they announced they were going into voluntary administration. We feared the worst, however in the end we managed to get to the end of the project with minimal disruption. We were however sad to witness the redundancy of the excellent people who were part of the company. We did our best to mitigate their loss and toward the end of the project we contracted directly with them so that the work could be completed. We have been astounded and humbled that the funds from the Peter Fergusson Legacy have covered the entirety of the work. A plaque will be carved into the stone recognising this. We have yet to complete the work on the doors, and some minor cleaning work remains, however aside from these aspects the work is complete, on time and on budget. The church now truly shines out!

We continue to host: two Alcoholics Anonymous groups, two SLAA groups (Sex and Love Addicts Anonymous) and an ACA group (for those with alcoholic parents). All comment with heartfelt appreciation on how excellent they find the let spaces and it is fair to say that these groups act like churches within our Church.

In April 2019 the Eritrean Gospel Church started to worship in the Church on Sunday afternoons. They struggled throughout Covid, not least because their services are heavily dependent on singing. We have felt it right as a PCC to continue to offer them a substantial discount on the rent we would otherwise charge them. They are simply not able to raise more money, and we are not willing to terminate their services in the building. We continue to keep this situation under review. They are deeply appreciative.

Our foodbank (now 5 years old) continues to run extremely well with excellent local volunteers and a warm and welcoming vibe each week. 2024 saw the installation of new shelving which has helped greatly. Nick Selmes continues to volunteer his time making regular orders for the foodbank, which is crucial given that we give out 800 items a week! We could not run without him. Large sums are received from time to time including a now yearly (though discretionary) £3,000 from the Richardson Brothers. The Whiteleys development also give regularly, as do other individuals.

We have partnered with Zac Ellis at St Peter’s Notting Hill who has become a local representative for Christians Against Poverty (CAP). The idea is that Zac will come to the foodbank regularly so that he can meet the users and, in this way, should there be any in unmanageable debt, he can take the conversation forwards. We agreed to donate £2,500 a year for two years to support Zac’s work.

We remain immensely grateful to Elizabeth Coleridge and John Henderson for organising the foodbank and to the volunteers (an increasing number from various parts of the local and St Matthew’s community) who ‘staff’ it on Wednesday afternoons. We are also grateful for the many smaller donations from a wide variety of people and organisations.

Our links with Emmanuel Harrow Road are strengthening. We meet to pray Morning Prayer with Rev Jackie Barry every Monday and this time is growing in vitality. Blanche has good links with the church and will look to be there to lead and preach from time to time, and Tim also has helped out sporadically on Sundays. In addition, we agreed to offer a substantial financial gift to Emmanuel to offer a further tangible show of our love and support for their ministry. We are seeing how the Lord leads this growing connectedness and hope to offer further support in the coming year. At the same time, we are involved together in the Deanery wide roundtable meetings that have taken place throughout the year to explore possible collaboration supported via a Strategic Mission Grant from the central church. We hope to collaborate with Emmanuel especially on seeking ‘wrap-around care’ that will help give more holistic support for their Pantry and our Foodbank users. We also hope to offer help with building maintenance by taking on Laura Wells as our Building Manager for a part-time role of 7 hours a week. Laura will divide her time between our building and Emmanuel Harrow Road. We are in the process of finalising this arrangement.

Docusign Envelope ID: 0A82CE1F-822A-4ED6-B9E9-562F6B7CD77D

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MATTHEW, BAYSWATER TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

We were the recipient of a Green Audit paid for by Parish Buying and arranged for us by the central church. This has highlighted the good progress we have made in some areas, not least we are a bronze level Eco-Church member which recognises, for instance, our LED bulb use throughout the church and other eco-positive and ethical steps we have already taken. Our great challenge is heating our very large building, which we currently do efficiently, but with gas. The audit has identified the possibility of installing infrared heating over the rear section of the church via a pendant lighting system so that this area could be used without heating the entire space. This could be an elegant solution allowing us to reduce our gas use by approximately 40% over the colder months. We are therefore actively looking into the possibility and will want a site visit to test this technology in a suitably matched building, and on a cold day! The Building Working Group have this item towards the top of their agenda, but it remains a difficult problem to solve.

Ecumenical Relationships

After a long interregnum the local Synagogue have, we believe, now appointed their next Rabbi. Rev Will Coleridge attended a Hannukah service in December which was a jolly occasion, however, our relationship continues to be rather muted. We hope for more when the new Rabbi gets settled in.

Our links with St Sophia’s Greek Orthodox cathedral were slowly growing stronger, not least as a result of our Vicar’s good friendship with Fr Nephon Tsimalis. Sadly, however, Fr Nephon left for Chicago towards the end of 2025. We wish him well, however this is a great shame from our perspective. We hope for a likeminded successor.

Human Resources

Since October 2017 St Matthew’s has employed John Henderson on a part time basis as its Parish Community Worker. The main part of John’s role remains making connection points with the local community, which we hope will encourage them into the Church on a Sunday in due course. It was agreed at our November 2021 PCC meeting to increase John’s hours from 15 hours a week to 18 hours with effect from 1 January 2022. This has allowed John to take over running our stonework project which he has done very well indeed. John finished the Cornhill Training course, (a theology and Bible training course) in July 2023. From September 2023 John started St Matt’s Youth which is going well. He also helps at our weekly foodbank. John also works as a freelance musician and plays the organ at St Matthew’s from time to time when our regular organist is unavailable.

Since November 2022 we have employed Stacy McNamara as our Bookkeeper / Administrator for 5 hours a week. Stacy is offering excellent work at St Matthew’s and has significantly streamlined our operations using computerbased processes.

We hope shortly to start the process of inducting Laura Wells as our new Building Manager.

Financial review

We have yet to formally to appoint a treasurer to our PCC following Michael Jeans stepping down, however Dave Hughes continues as ‘chief approver’ for Stacy’s payment requests, with this system working well.

The financial results for 2025 reflect the various continuing restrictions and ongoing changes that began in 2024.

Total receipts on unrestricted funds were £262,887 (2024: £380,965) of which £92,287 (2024: £270,103) was from voluntary donations, standing orders and appeals and £67,812 (2024: £11,054) from Gift Aid on those donations.

The total voluntary income for 2025 was £190,758 of which £158,504 was for Unrestricted Funds, £nil for Endowment Funds and £32,254 for Restricted Funds, of which includes part of the VAT refund scheme of £62,350 and part of Food Bank Donation of £14,690. This compares with £419,851 for 2024, £281,157 for Unrestricted Funds, £12,949 for Endowment Funds, and £125,745 for Restricted Funds (which includes the Peter Fergusson Legacy of £100,000 and Food Bank Donation of £11,433).

Church Activities include the licencing and letting of parts of the Church, totalling £82,835 in 2025 (2024: £92,521). This includes, but is not limited to, £17,623 (2024: £35,247) from the licencing of the Choir Vestry to Maria Montessori Training (Montessori) for a nursery school, £24,258 (2024: £24,516) from Pembridge Hall Prep School and £3,643 (2024: £2,015) from Wetherby School.

Children’s activities, including the Sunday crèche where possible, have been funded in the past by a very generous donation which was increased during 2019. In 2025 the opening balance was £2,136 and Income of £3,170; a balance of £2,483 as of 31 December 2025.

Docusign Envelope ID: 0A82CE1F-822A-4ED6-B9E9-562F6B7CD77D

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MATTHEW, BAYSWATER TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

The new Youth Group was initially funded in by a grant from the Fulham YMCA which has now come to an end. The Restricted Fund was £10,554 at the beginning of the year and £13,211 on 31 December 2025.

Our main expenditure from unrestricted funds was £223,009 (2024: £156,764) to provide the Christian Ministry from St Matthew’s Church. Of this £78,000 (2024: £75,000) was our contribution to the Common Fund to provide stipends and employment costs for the clergy and a contribution towards Diocesan costs and the costs of the wider Church.

The amount which our Church pays to the Common Fund is decided by the PCC. The amount for 2025 was £78,000 (2024: £75,000) which was the amount asked of us by the Diocese.

Other major expenditure includes the stonework project of £166,203 (2024: £277,808), insurance costs of £15,557 (2024: £15,494), and church utilities expenditure of £19,036 (2024: £20,620).

Our 5-year fixed gas and electricity contracts expired at the start of the 2024, and this saw a nearly threefold increase in our unit costs for gas and a near doubling of our electricity unit costs. These increases were reflected in the figures for 2024. We were able to negotiate lower unit costs by about a third for 2025 and from January 2026 we are on a two-yearly fixed term contract with British Gas at a very similar level of unit costs.

We take much joy in praising God through music. We much appreciate our Director of Music and organist, Max Pappenheim, and our choir of paid student singers, who are augmented by unpaid volunteers. Our usual high standard of music is not cheap, and the costs were increased slightly during 2025 to £15,169 (2024: £16,833).

We continued to employ our part time Parish Community worker and bookkeeper/administrator. In 2025 they were

paid £20,988 (2024: £19,260).

Sunday giving via our Payaz giving machine has encouraged more individuals to contribute, resulting in a higher volume of donations.

Reserves Policy

It is particularly difficult to plan for the timing of repairs and improvements expenditure on our magnificent Grade II* listed building. This is partly due to difficulty of implementation. We therefore need to take advantage of opportunities when they arise. Our Quinquennial Surveyor, Andy Burrell, submitted his second quinquennial report in 2021. Nothing urgent was pinpointed but there is the inevitable list of ongoing maintenance that we have been attending to. All urgent matters are now complete. We are due another quinquennial in 2026.

We are pleased to report that the long overdue Stonework Project has now very nearly completed with the Peter Fergusson Legacy meeting all the project costs which we consider a miraculous outcome.

The balance on our Unrestricted fund as at 31 December 2025 was £8,352, our Restricted fund was £69,537 and Endowment fund was £517,931. Total Unrestricted and Restricted expenditure, excluding transfers between funds, for the year was £419,851. As we are unable to spend the capital element of the endowment funds, our total expendable funds give us approximately 2 months of coverage for our expenditure.

Risk Management

Our procedures for managing the risks from fraud and theft are constantly under review.

We check our Bank Statements carefully via the electronic access we now have.

Within the Church building, we have paid particular attention to risks of fire and terrorism and escape routes. The easy work has been done but it is particularly difficult to achieve modern recommendations in an old building like our Church. Given the horrors of the fire at St Marks Hamilton Terrace in 2023, we are looking to install a wireless smoke detection system in 2026. We are mindful of having notice - those precious minutes - before a fire takes holds.

We have seen an increasing number of minor incidents within our foodbank. We log these carefully and are grateful for the support of Claire Meaney, our area Diocesan Safeguarding Adviser.

We have joined the Diocesan Safeguarding Dashboard.

Docusign Envelope ID: 0A82CE1F-822A-4ED6-B9E9-562F6B7CD77D

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MATTHEW, BAYSWATER TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

Volunteers

One of the continuing marks of St Matthew’s is that we do not maintain a church office. This is not always ideal, but it gives the great opportunity for the many volunteers who keep the Church functioning so well. We remain grateful for the time contributed by so many. We note particularly Andrew Pilkington (building) and Joanna Grant Peterkin (Readers).

Elizabeth Coleridge provides invaluable organisation of various activities, foodbank especially.

Structure, governance and management

The Parochial Church Council (the PCC) is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Measure. The PCC is a registered charity.

The method of appointment of PCC members is set out in the Church Representation Rules. At St Matthew’s the membership of the PCC consists of the clergy, Churchwardens, Deanery Synod representatives and up to nine other people elected by those members of the congregation who are on the Electoral Roll of the Church. All those who are eligible, who attend our services, are encouraged to register on the Electoral Roll and stand for election to the PCC. We are always on the hunt for new PCC members.

Our Wardens, James Kite and Linda Dennis, are both committed and hardworking members of the PCC offering excellent support to the Church and Vicar. Betty Kasozi-Batende continues to serve as our Chief Sidesman and organiser at the back of the Church and we are most grateful to her for all her hard work. Betty is ably assisted by Florence Ajao who makes coffee almost every week.

The PCC members are responsible for making decisions on all matters of general concern and importance to the parish, including deciding how funds of the PCC are to be spent. The Diocese provides training for new PCC members.

The full PCC met 7 times during the year, 5 of these were on Zoom and 2 (in February and October) was a more informal meeting in person at the Vicarage over a light supper. Zoom encourages attendance and there was an excellent level of attendance throughout the year of 92% (2024 - 88%). The PCC has two full Committees, the Standing Committee and the Finance Committee. The Standing Committee is required by law. It has power to transact the business of the PCC between PCC meetings, subject to any directions given by the PCC. The Committee meets informally as necessary.

The Finance Committee: the Vicar, the Churchwardens and the Treasurer. The Finance Committee was constituted in 2023 consists of James Kite (Chair), Michael Jeans, James Skillen, Beora Carvalho and Stacy McNamara. Amongst its responsibilities are reviewing the Annual Accounts, annual budget and the performance of the Independent Examiner’.

The Buildings Working Party consists of the Vicar, Andrew Pilkington, Patrick Couderc and since the summer, Laura Wells. The group meets at intervals during the year to deal with church repairs, maintenance and improvements, and to consider progress with various works in the Church.

The Trustees' report was approved by the Board of Trustees.

| .............................. (WiLLSigned (olridye by: BA6350CB04014B7... Rev William Coleridge - Trustee

4/11/2026

Date: .............................................

Docusign Envelope ID: 0A82CE1F-822A-4ED6-B9E9-562F6B7CD77D

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MATTHEW, BAYSWATER STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 DECEMBER 2025

The Trustees 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).

The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the Charity for that year.

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Docusign Envelope ID: 0A82CE1F-822A-4ED6-B9E9-562F6B7CD77D

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MATTHEW, BAYSWATER INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH

I report to the Trustees on my examination of the financial statements of The Parochial Church Council of the Ecclesiastical Parish of St Matthew, Bayswater (the Charity) for the year ended 31 December 2025 which are set out on page 9 to 22.

Responsibilities and basis of report

As the Trustees of the Charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ("the 2011 Act").

Having satisfied myself that the financial statements of the charity are not required to be audited under section 144 of the 2011 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements as carried out under section 145 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 145(5) (b) of the 2011 Act.

Independent examiner's statement

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 that in any material respect:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the Charities Act 2011.

  2. the financial statements do not accord with those records

  3. the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 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 principals 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 financial statements to be reached.

Use of my report

This report is made solely to the Trustees in accordance with section 145 of Charities Act 2011. My independent examination has been undertaken so that I might state to the Trustees those matters I am required to state to them in an Independent Examiner's report and for no other purposes. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Trustees for my independent examination or this report.

This report is made solely to the Charity'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 Charity'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 Charity's Trustees as a body, for my work or for this report.

David Hynes

For and on behalf of BK Plus Audit Limited Oakingham House, Frederick Place, High Wycombe, Buckinghamshire, HP11 1JU

Date: ............................

Docusign Envelope ID: 0A82CE1F-822A-4ED6-B9E9-562F6B7CD77D

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MATTHEW, BAYSWATER STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2025

Unrestricted
Restricted
Endowment
Total
funds
funds
funds
2025
2025
2025
2025
Notes
£
£
£
£
Income from:
Donations and legacies
3
158,504
32,254
-
190,758
Charitable activities
4
88,470
-
-
88,470
Investments
5
15,913
-
-
15,913
Total income and
endowments
262,887
32,254
-
295,141
Expenditure on:
Charitable activities
6
223,009
196,842
-
419,851
Total expenditure
223,009
196,842
-
419,851
Net gains/ (losses) on
investments
10
-
-
(14,898)
(14,898)
Net income/(expenditure)
39,878
(164,588)
(14,898)
(139,608)
Transfers between funds
(60,933)
60,933
-
-
Net movement in funds
(21,055)
(103,655)
(14,898)
(139,608)
Reconciliation of funds:
Fund balances at 1 January 2025
29,407
173,192
532,829
735,428
Fund balances at 31 December
2025
8,352
69,537
517,931
595,820		 Total
2024
£
419,851
94,574
5,234
519,659
473,965
473,965
37,026
82,720
-
82,720
652,708
735,428

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

Docusign Envelope ID: 0A82CE1F-822A-4ED6-B9E9-562F6B7CD77D

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MATTHEW, BAYSWATER BALANCE SHEET

AS AT 31 DECEMBER 2025

2025 2024
Notes £ £ £ £
Fixed assets
Investments 12 505,524 520,422
Current assets
Debtors 13 - 15,644
Cash at bank and in hand 93,116 202,986
93,116 218,630
Creditors: amounts falling due within 14
one year (2,820) (3,624)
Net current assets 90,296 215,006
Total assets less current liabilities 595,820 735,428
The funds of the Charity
Endowment funds 17 517,931 532,829
Restricted income funds 18 69,537 173,192
Unrestricted funds 19 8,352 29,407
595,820 735,428
The financial statements were approved by the Trustees on .........................
..............................
Signedby:
Will Coleride
BA6350CB04014B’7...		 ..............................
Signedby:
 James bite
4F01AED535F444E...
Rev William Coleridge James Kite
Trustee Trustee

Docusign Envelope ID: 0A82CE1F-822A-4ED6-B9E9-562F6B7CD77D

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MATTHEW, BAYSWATER NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1 Accounting policies

Charity information

The Parochial Church Council of the Ecclesiastical Parish is a charity incorporated in England and Wales. The registered offices can be found on the legal and administrative page.

1.1 Basis of preparation

The financial statements have been prepared in accordance with the Charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The Charity is a Public Benefit Entity as defined by FRS 102.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity.

1.4 Income

Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Docusign Envelope ID: 0A82CE1F-822A-4ED6-B9E9-562F6B7CD77D

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MATTHEW, BAYSWATER NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

1 Accounting policies

(Continued)

1.5 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 are allocated on the portion of the asset’s use.

1.6 Fixed asset investments

Investments quoted on a recognised stock exchange or whose value derives from them are valued at year end market value.

1.7 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8 Financial instruments

The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Docusign Envelope ID: 0A82CE1F-822A-4ED6-B9E9-562F6B7CD77D

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MATTHEW, BAYSWATER NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

1 Accounting policies

(Continued)

Derecognition of financial liabilities

Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.

1.9 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the Charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

Fund accounting

General funds are funds that are available for use at the discretion of the Board in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted funds are funds that are to be used in accordance with specific restrictions imposed by donors or that have been raised by the charity and which have not been designated for other purposes. The costs of raising and administering such funds are charged against the specific fund. The aim of each restricted fund is set out in the notes to the financial statements.

Endowment funds are funds for which the capital must be retained in accordance with specific restrictions imposed by donors. The aim and use of each endowment is set out in the notes to these financial statements.

3 Income from donations and legacies

Unrestricted
Restricted
funds
funds
2025
2025
£
£
Donations, appeals and legacies
25,539
24,567
Worship Service Donations
66,748
-
Tax recoverable
66,217
7,687
158,504
32,254		 Total
2025
£
50,106
66,748
73,904
190,758		 Total
2024
£
329,574
78,553
11,724
419,851

Docusign Envelope ID: 0A82CE1F-822A-4ED6-B9E9-562F6B7CD77D

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MATTHEW, BAYSWATER NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

4 Income from charitable activities

Income from charitable activities
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Income from Church activities
Letting vestry and Church 82,835 92,521
Lego club 3,345 1,444
Fees 2,290 609
88,470 94,574

Letting income decreased in 2025 due to fewer bookings from Pembridge/Wetherby schools. Fees consist of income attributed to wedding banns and Christmas lunch event.

5 Income from investments

Unrestricted
funds
2025
£
Dividends 14,372
Bank interest 1,541
15,913

Docusign Envelope ID: 0A82CE1F-822A-4ED6-B9E9-562F6B7CD77D

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MATTHEW, BAYSWATER NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

6 Expenditure on charitable activities

Charitable Charitable
expenditure expenditure
2025 2024
£ £
Direct costs
Church cleaning 3,705 2,899
Church building expenditure (inc. Stonework project) 198,990 284,570
Concerts and events 3,810 2,181
Children/YMCA youth group 6,971 5,135
Church maintenance 18,076 6,938
Church utilities and rates 19,036 20,620
Club Lego 1,261 369
Insurance 15,557 15,494
Licenses and equipment ministry costs 1,612 2,213
Food bank donations 18,279 14,879
Ministry common fund 78,000 75,000
Missionary giving 6,535 795
Organist and choir 15,169 16,833
Printing and stationary 2,381 1,510
Staff costs 1,849 1,471
Telephone and IT costs 1,385 1,260
Wages 20,988 19,260
413,604 471,427
Share of support and governance costs (see note 7)
Support 281 280
Governance 5,966 2,258
419,851 473,965
Analysis by fund
Unrestricted funds 223,009 156,764
Restricted funds 196,842 317,201
419,851 473,965

Included within Church building expenditure (inc. Stonework project) is an amount of £166,203 (2024: £277,808) relating to a project undertaken to clean and restore the stonework of the church. Actual routine maintenance of the church amounted to £4,025 (2024: £6,762).

Docusign Envelope ID: 0A82CE1F-822A-4ED6-B9E9-562F6B7CD77D

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MATTHEW, BAYSWATER NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

7 Support costs allocated to activities

Support
Governance costs
Analysed between:
Bank charges
Accountancy and IE fees
Legal and professional fees		 2025
£
281
5,966
6,247
281
5,520
446
6,247		 2024
£
280
2,258
2,538
280
2,258
-
2,538

8 Trustees

No trustees received any remuneration or benefits from the charity during the year. One trustee is connected to a person employed by the charity. The trustee is not involved in any decisions regarding their spouse’s employment or remuneration.

Travelling expenses of £282 (2024: £252), telephone costs of £379 (2024: £397), Zoom subscription of £195 (2024: £192) and conference costs of £186 (2024: £192) were paid to the trustees during the year.

Apart from the above, no other payments or expenses were paid to any other members of the PCC, persons closely connected to them or related parties.

Recorded donations from related parties (PCC members) included £24,074 (2024: £16,340) to Unrestricted Funds and £Nil (2024: £Nil) to Restricted Funds.

9 Employees

The average monthly number of employees during the year was:

2025 2024
Number Number
2 2
Employment costs 2025 2024
£ £
Wages and salaries 20,497 18,787
Other pension costs 491 473
20,988 19,260

There were no employees whose annual remuneration was more than £60,000.

Docusign Envelope ID: 0A82CE1F-822A-4ED6-B9E9-562F6B7CD77D

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MATTHEW, BAYSWATER NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

10 Gains and losses on investments

Endowment Total Total
funds
2025 2025 2024
Gains/ (Losses) arising on: £ £ £
Revaluation of investments (14,898) (14,898) 37,026

11 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

12 Fixed asset investments

Cost or valuation
At 1 January 2025
Additions
Disposals
At 31 December 2025
Carrying amount
At 31 December 2025
At 31 December 2024		 2025
£
520,422
6,205
(21,103
505,524
505,524
520,422

13 Debtors

Amounts falling due within one year:
Trade debtors
Other debtors
Creditors: amounts falling due within one year
Trade creditors
Accruals and deferred income		 2025
£
-
-
-
2025
£
-
2,820
2,820		 2024
£
8,898
6,746
15,644
2024
£
3,624
-
3,624

14 Creditors: amounts falling due within one year

Docusign Envelope ID: 0A82CE1F-822A-4ED6-B9E9-562F6B7CD77D

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MATTHEW, BAYSWATER NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

15 Capital commitments

There were no capital commitments during the year (2024: £Nil).

16 Retirement benefit schemes
2025 2024
Defined contribution schemes £ £
Charge to profit or loss in respect of defined contribution schemes 491 473

The Charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Charity in an independently administered fund.

17 Endowment funds

Endowment funds represent the Emma Rothwell Legacy, the Lynch Legacy and the Lady Harland Bequest for the endowment of the living and the Church. The Church can only use the income from endowment funds and cannot spend the capital.

At 1
Permanent endowments
Donations and legacies
Emma Rothwell
Lady Harland
Lynch Legacy
Previous year:
At 1
Permanent endowments
Donations and legacies
Emma Rothwell
Lady Harland
Lynch Legacy		 January
2025
Incoming
resources
Resources
expended
Gains and
losses
At 31
December
2025
£
£
£
£
£
38,315
(5,032)
21,102
(14,898)
39,487
465,330
2,027
(20,629)
-
446,728
11,839
-
(473)
-
11,366
17,345
3,005
-
-
20,350
532,829
-
-
(14,898)
517,931
January
2024
Incoming
resources
Resources
expended
Gains and
losses
At 31
December
2024
£
£
£
£
£
-
12,949
-
25,366
38,315
455,683
-
-
9,647
465,330
11,573
-
-
266
11,839
16,904
-
-
441
17,345
484,160
12,949
-
35,720
532,829		 January
2025
Incoming
resources
Resources
expended
Gains and
losses
At 31
December
2025
£
£
£
£
£
38,315
(5,032)
21,102
(14,898)
39,487
465,330
2,027
(20,629)
-
446,728
11,839
-
(473)
-
11,366
17,345
3,005
-
-
20,350
532,829
-
-
(14,898)
517,931
January
2024
Incoming
resources
Resources
expended
Gains and
losses
At 31
December
2024
£
£
£
£
£
-
12,949
-
25,366
38,315
455,683
-
-
9,647
465,330
11,573
-
-
266
11,839
16,904
-
-
441
17,345
484,160
12,949
-
35,720
532,829
532,829

Docusign Envelope ID: 0A82CE1F-822A-4ED6-B9E9-562F6B7CD77D

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MATTHEW, BAYSWATER NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

18 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1
Centenary fund
Choir fund
Children fund
Peter
Fergusson
legacy - Fabrics
Flower funds
Food bank
donations
Gift Aid from
restricted funds
Poppy tin to
Royal British
Legion
Stonework fund
Vicars
discretionary
YMCA funding		 January
2025
Incoming
resources
Resources
expended
Transfers
Gains and
losses
At 31
December
2025
£
£
£
£
£
£
25,908
1,173
-
-
-
27,081
-
5,000
(1,438)
-
-
3,562
2,136
3,170
(2,823)
-
-
2,483
100,000
-
-
(100,000)
-
-
3,680
35
(168)
-
-
3,547
23,202
14,690
(18,279)
(1,419)
-
18,194
4,899
1,419
(2,467)
(3,851)
-
-
-
95
(95)
-
-
-
-
-
(166,203)
166,203
-
-
2,813
-
(1,354)
-
-
1,459
10,554
6,672
(4,015)
-
-
13,211
173,192
32,254
(196,842)
60,933
-
69,537

Transfers between restricted funds represent the use of restricted funds with the same conditions attached to them, used to complete the stonework project mentioned above. A residual transfer has been made from unrestricted funds in order to prevent the fund from falling into deficit.

Following a review of the conditions attached to gift aid claimed on restricted income, transfers out from the gift aid and food bank restricted funds to unrestricted funds have been made, reflecting the fact that all gift aid is considered to be unrestricted, unless explicitly stated otherwise.

Docusign Envelope ID: 0A82CE1F-822A-4ED6-B9E9-562F6B7CD77D

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MATTHEW, BAYSWATER NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

18
Restricted funds
Previous year:
At 1
Building repairs
Centenary fund
Choir fund
Children fund
Peter
Fergusson
legacy - Fabrics
Flower funds
Food bank
donations
Gift Aid from
restricted funds
Poppy tin to
Royal British
Legion
Other appeals
Stonework fund
Vicars
discretionary
YMCA funding		 (Continued)
January
2024
Incoming
resources
Resources
expended
Transfers
Gains and
losses
At 31
December
2024
£
£
£
£
£
£
1,179
-
(1,179)
-
-
-
13,677
-
(14,441)
-
26,672
25,908
2,571
-
(2,571)
-
-
-
1,773
3,120
(2,757)
-
-
2,136
-
100,000
-
-
-
100,000
3,801
15
(136)
-
-
3,680
26,649
11,433
(14,880)
-
-
23,202
4,229
670
-
-
-
4,899
-
36
(36)
-
-
-
143
-
(143)
-
-
-
-
413
(277,808)
302,761
(25,366)
-
3,763
50
(1,000)
-
-
2,813
2,796
10,008
(2,250)
-
-
10,554
60,581
125,745
(317,201)
302,761
1,306
173,192

Centenary fund: The Centenary fund was launched in 1982 to form a capital fund to provide resources for pastoral assistance.

Choir fund: Choir Scholars is the choir fund, but now being funded by Goldman Sachs grant received in 2023.

Children Fund: Children represents the amounts given towards the Sunday creche and other children's activities.

Peter Fergusson legacy: This was given to the Church in 2024. In 2025, the restricted balance of £100,000 for fabric purposes connected to the church was used to fund partly the stonework project.

Flower fund : The Flower fund was established to provide flowers for church services and other events.

Food bank donations: St Matthews runs a busy foodbank. To facilitate the purchase of food, members of the community, other charities and members of the church congregation give towards this important work.

Stonework project: This was completed in September 2025. It had an initial projected total cost of £500,000. As highlighted in the trustees’ report, funding for the stonework project was not granted by the council. Consequently, the shortfall was met using excess unrestricted funds.

Vicars discretionary : The Vicar's discretionary fund is used by the Vicar to meet the needs of those who are in particular distress, particularly those who appear at the Vicarage door from time to time.

YMCA funding: to support the Youth Group at St Matthews Bayswater.

Docusign Envelope ID: 0A82CE1F-822A-4ED6-B9E9-562F6B7CD77D

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MATTHEW, BAYSWATER NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

18 Restricted funds

(Continued)

Transfers between restricted funds represent the use of restricted funds with the same conditions attached to them, used to complete the stonework project mentioned above. A residual transfer has been made from unrestricted funds in order to prevent the fund from falling into deficit.

Following a review of the conditions attached to gift aid claimed on restricted income, transfers out from the gift aid and food bank restricted funds to unrestricted funds have been made, reflecting the fact that all gift aid is considered to be unrestricted, unless explicitly stated otherwise.

19 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 January Incoming Resources Transfers At 31
2025 resources expended December
2025
£ £ £ £ £
General funds 29,407 262,887 (223,009) (60,933) 8,352

As highlighted in the trustees’ report, funding for the stonework project was not granted by the council. Consequently, the shortfall was met using excess unrestricted funds.

Previous year: At 1 January Incoming Resources Transfers At 31
2024 resources expended December
2024
£ £ £ £ £
General funds 107,967 380,965 (156,764) (302,761) 29,407

20 Analysis of net assets between funds

Unrestricted
Restricted
Endowment
funds
funds
funds
2025
2025
2025
£
£
£
At 31 December 2025:
Investments
-
27,081
478,443
Current assets
4,677
46,131
39,488
4,677
73,212
517,931		 Total
2025
£
505,524
90,296
595,820

Docusign Envelope ID: 0A82CE1F-822A-4ED6-B9E9-562F6B7CD77D

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MATTHEW, BAYSWATER NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

20 Analysis of net assets between funds (Continued)
Unrestricted Restricted Endowment Total
funds funds funds
2024 2024 2024 2024
£ £ £ £
At 31 December 2024:
Investments - - 520,422 520,422
Current assets 29,407 173,192 12,407 215,006
29,407 173,192 532,829 735,428

Docusign Envelope ID: 0A82CE1F-822A-4ED6-B9E9-562F6B7CD77D

The Parochial Church Council of the Ecclesiastical Parish of St Matthew, Bayswater c/o 27 St. Petersburgh Place London W2 4LA

BK Plus Audit Limited Oakingham House Frederick Place High Wycombe Buckinghamshire HP11 1JU

Dear Sirs

The following representations are made on the basis of enquiries of management and staff with relevant knowledge and experience such as we consider necessary in connection with your report on the charitable company’s financial statements for the year ended 31 December 2025. These enquiries have included inspection of supporting documentation where appropriate. All representations are made to the best of our knowledge and belief.

General

  1. We acknowledge that the work performed by you is substantially less in scope than an audit performed in accordance with International Standards on Auditing (UK and Ireland) and that you do not express an audit opinion.

  2. We confirm that the charity was entitled to exemption under section 144 (1) of the Charities Act 2011 from the requirement to have its financial statements for the financial year ended 31 December 2025 audited.

  3. We have fulfilled our responsibilities as trustees and directors as set out in the terms of your engagement letter, under the Charities Act 2011 for preparing financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), for being satisfied that they give a true and fair view and for making accurate representations to you.

  4. All the transactions undertaken by the charity have been properly reflected and recorded in the accounting records.

  5. All the accounting records have been made available to you for the purpose of your work. We have provided you with unrestricted access to all appropriate persons within the charity, and with all other records and related information requested, including minutes of all management and trustee meetings and correspondence with The Charity Commission.

  6. The financial statements are free of material misstatements, including omissions.

  7. The effects of uncorrected misstatements are immaterial both individually and in total.

Internal control and fraud

Assets and liabilities

Docusign Envelope ID: 0A82CE1F-822A-4ED6-B9E9-562F6B7CD77D

Accounting estimates

Loans and arrangements

Legal claims

Laws and regulations

Related parties

Subsequent events

Going concern

Grants and donations

Yours faithfully

.............................................................................................................................. | (WiLLSignedBA6350CB04014B7... (olridye by: Signed on behalf of the board of trustees

4/11/2026

Date:

Certificate Of Completion

Envelope Id: 0A82CE1F-822A-4ED6-B9E9-562F6B7CD77D Status: Completed Subject: Complete with Docusign: St Matthew's - Financial Statements December 2025 - to Sign 26.03.26.pdf Source Envelope: Document Pages: 27 Signatures: 4 Envelope Originator: Certificate Pages: 5 Initials: 0 Stacy McNamara AutoNav: Enabled stacy@stmatthewsbayswater.org.uk EnvelopeId Stamping: Enabled IP Address: 94.6.211.148 Time Zone: (UTC-08:00) Pacific Time (US & Canada) Record Tracking Status: Original Holder: Stacy McNamara Location: DocuSign 3/28/2026 4:04:41 AM stacy@stmatthewsbayswater.org.uk Signer Events Signature Timestamp James Kite Sent: 3/28/2026 4:09:08 AM James.Kite@earlsfortcapital.com Viewed: 3/29/2026 2:22:42 PM [ Janes Lite Director Signed: 3/29/2026 2:23:22 PM Berkeley Square Partners Signature Adoption: Pre-selected Style Security Level: Email, Account Authentication (None) Using IP Address: 178.175.141.215 Signed using mobile Electronic Record and Signature Disclosure: Accepted: 3/29/2026 2:22:42 PM ID: 136e39f6-a8ab-4668-91f8-12e4e64940d6 Will Coleridge Sent: 3/28/2026 4:09:08 AM will@stmatthewsbayswater.org.uk Viewed: 4/11/2026 12:34:25 PM Cc Coleridge Security Level: Email, Account Authentication Signed: 4/11/2026 12:35:13 PM (None)

Signature Adoption: Pre-selected Style Using IP Address: 2a01:4b00:ab4c:7100:e13d:4b3c:bcb:19cb

Electronic Record and Signature Disclosure: Accepted: 4/11/2026 12:34:25 PM ID: 623e7c27-9920-486b-a62d-af99d8983182

In Person Signer Events Signature Timestamp
Editor Delivery Events Status Timestamp
Agent Delivery Events Status Timestamp
Intermediary Delivery Events Status Timestamp
Certified Delivery Events Status Timestamp
Carbon Copy Events Status Timestamp
Witness Events Signature Timestamp
Notary Events Signature Timestamp
Envelope Summary Events Status Timestamps
Envelope Sent Hashed/Encrypted 3/28/2026 4:09:08 AM
Certified Delivered Security Checked 4/11/2026 12:34:25 PM
Envelope Summary Events Status Timestamps
Signing Complete Security Checked 4/11/2026 12:35:13 PM
Completed Security Checked 4/11/2026 12:35:13 PM
Payment Events Status Timestamps
Electronic Record and Signature Disclosure

Electronic Record and Signature Disclosure created on: 4/6/2023 11:09:34 AM Parties agreed to: James Kite, Will Coleridge

ELECTRONIC RECORD AND SIGNATURE DISCLOSURE

From time to time, Stacy McNamara (we, us or Company) may be required by law to provide to you certain written notices or disclosures. Described below are the terms and conditions for providing to you such notices and disclosures electronically through the DocuSign system. Please read the information below carefully and thoroughly, and if you can access this information electronically to your satisfaction and agree to this Electronic Record and Signature Disclosure (ERSD), please confirm your agreement by selecting the check-box next to ‘I agree to use electronic records and signatures’ before clicking ‘CONTINUE’ within the DocuSign system.

Getting paper copies

At any time, you may request from us a paper copy of any record provided or made available electronically to you by us. You will have the ability to download and print documents we send to you through the DocuSign system during and immediately after the signing session and, if you elect to create a DocuSign account, you may access the documents for a limited period of time (usually 30 days) after such documents are first sent to you. After such time, if you wish for us to send you paper copies of any such documents from our office to you, you will be charged a $0.00 per-page fee. You may request delivery of such paper copies from us by following the procedure described below.

Withdrawing your consent

If you decide to receive notices and disclosures from us electronically, you may at any time change your mind and tell us that thereafter you want to receive required notices and disclosures only in paper format. How you must inform us of your decision to receive future notices and disclosure in paper format and withdraw your consent to receive notices and disclosures electronically is described below.

Consequences of changing your mind

If you elect to receive required notices and disclosures only in paper format, it will slow the speed at which we can complete certain steps in transactions with you and delivering services to you because we will need first to send the required notices or disclosures to you in paper format, and then wait until we receive back from you your acknowledgment of your receipt of such paper notices or disclosures. Further, you will no longer be able to use the DocuSign system to receive required notices and consents electronically from us or to sign electronically documents from us.

All notices and disclosures will be sent to you electronically

Unless you tell us otherwise in accordance with the procedures described herein, we will provide electronically to you through the DocuSign system all required notices, disclosures, authorizations, acknowledgements, and other documents that are required to be provided or made available to you during the course of our relationship with you. To reduce the chance of you inadvertently not receiving any notice or disclosure, we prefer to provide all of the required notices and disclosures to you by the same method and to the same address that you have given us. Thus, you can receive all the disclosures and notices electronically or in paper format through the paper mail delivery system. If you do not agree with this process, please let us know as described below. Please also see the paragraph immediately above that describes the consequences of your electing not to receive delivery of the notices and disclosures electronically from us.

How to contact Stacy McNamara:

You may contact us to let us know of your changes as to how we may contact you electronically, to request paper copies of certain information from us, and to withdraw your prior consent to receive notices and disclosures electronically as follows:

To contact us by email send messages to: stacy@stmatthewsbayswater.org.uk

To advise Stacy McNamara of your new email address

To let us know of a change in your email address where we should send notices and disclosures electronically to you, you must send an email message to us

at stacy@stmatthewsbayswater.org.uk and in the body of such request you must state: your previous email address, your new email address. We do not require any other information from you to change your email address.

If you created a DocuSign account, you may update it with your new email address through your account preferences.

To request paper copies from Stacy McNamara

To request delivery from us of paper copies of the notices and disclosures previously provided by us to you electronically, you must send us an email

to stacy@stmatthewsbayswater.org.uk and in the body of such request you must state your email address, full name, mailing address, and telephone number. We will bill you for any fees at that time, if any.

To withdraw your consent with Stacy McNamara

To inform us that you no longer wish to receive future notices and disclosures in electronic format you may:

i. decline to sign a document from within your signing session, and on the subsequent page, select the check-box indicating you wish to withdraw your consent, or you may;

ii. send us an email to stacy@stmatthewsbayswater.org.uk and in the body of such request you must state your email, full name, mailing address, and telephone number. We do not need any other information from you to withdraw consent.. The consequences of your withdrawing consent for online documents will be that transactions may take a longer time to process..

Required hardware and software

The minimum system requirements for using the DocuSign system may change over time. The - - current system requirements are found here: https://support.docusign.com/guides/signer guide signing-system-requirements.

Acknowledging your access and consent to receive and sign documents electronically

To confirm to us that you can access this information electronically, which will be similar to other electronic notices and disclosures that we will provide to you, please confirm that you have read this ERSD, and (i) that you are able to print on paper or electronically save this ERSD for your future reference and access; or (ii) that you are able to email this ERSD to an email address where you will be able to print on paper or save it for your future reference and access. Further, if you consent to receiving notices and disclosures exclusively in electronic format as described herein, then select the check-box next to ‘I agree to use electronic records and signatures’ before clicking ‘CONTINUE’ within the DocuSign system.

By selecting the check-box next to ‘I agree to use electronic records and signatures’, you confirm that: