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2025-12-31-accounts

REGISTERED CHARITY NUMBER: 1206076

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

ST MARY THE VIRGIN CHURCH BEARWOOD

Prime Chartered Accountants Corner Oak 1 Homer Road Solihull B91 3QG

ST MARY THE VIRGIN CHURCH BEARWOOD CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

Page
Report of the Trustees 1
Independent Examiner's Report 2
Statement of Financial Activities 3
Balance Sheet 4
Notes to the Financial Statements 5 to 11
Detailed Statement of Financial Activities 12 to 13

ST MARY THE VIRGIN CHURCH BEARV•lJOD REPQRT OF THE TRU5TEE5 FOR THE YEAR ENDED 310ECEMBER 2025 The trustses pre8ent their report ith the fin8nL¥#l slatements of the chaiity for the year ended 31 De￿mber 2025. The trLbslees have adopted the provis10￿ of Accounting and Reporbng by ChaTibes.' Statement of Recommended Practice ap￿Kable lo Larib"es preparng thew accounts in accordance with the Financial Reportin9 Standard ap￿1¢able in the UK and Republi¢ of Ire￿nd {FRS l(r21 {effective 1 January 20191. STRUCTURF, GOVERP4ANCE AND IAAMAQEMENT Governing docum•nt The chanty k8 controlled by ts go¥eminD d￿ment a (ked oftrust and con8ityte¥ an unlncorporaled charty. Risk managem￿ The trustees have a duty ro and re￿eW the fl8ks to the tharily i¥ and to ensure •Fvropriate ￿ntrOl5 are pla( to provide reasonabk aswrance aga¥￿t fraud and effor. REFERENCE AND ADmINISTRAn1￿ OETAIL3 Registe￿1 Charity numbèr 12C6076 Prfnclpal •ddrnBs 8eaThYood Road Sm•thN%4ek West Midands B66 4BX Tru¥to•s Rev. B Baker Rev. S Dovm B Pr•nts• r Herbert A Garter B de Waal L Gilye8d B Tucker I Ihorfey J Rgynolds V Fa6ham E Ngugi J Bamford C Midoely WTomlinson Indep•nd•nt Ex#mln•r Prime Chartered Accountsnts Comer Oak 1 Htsm•r Road Sdihull B913Q Page 1

ST MARY THE VIRGIN CHURCH BEARbllDQD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 16.13.1.2.6 ................ A￿rOVed by ord¢r oftht l)04141 .... . 4iiiJ 519ned on Its behalt by.. Rev. 8 Baker- Trustee Page 2

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST MARY THE VIRGIN CHURCH BEARWOOD

Independent examiner's report to the trustees of St Mary the Virgin Church Bearwood

I report to the charity trustees on my examination of the accounts of St Mary the Virgin Church Bearwood (the Trust) for the year ended 31 December 2025.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can 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 material 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 Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

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.

Jeremy Kitson FCA

Prime Chartered Accountants Corner Oak 1 Homer Road Solihull B91 3QG

Date: ............................................. 20th March 2026

Page 2

ST MARY THE VIRGIN CHURCH BEARWOOD

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025

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2025 2024
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 213,708 233,381 447,089 186,106
Charitable activities
Charitable activities 10,169 - 10,169 13,340
Investment income 2 8,254 - 8,254 8,518
Total 232,131 233,381 465,512 207,964
EXPENDITURE ON
Charitable activities
Charitable activities 166,619 33,795 200,414 131,702
Other 7,251 - 7,251 4,454
Total 173,870 33,795 207,665 136,156
NET INCOME 58,261 199,586 257,847 71,808
Transfers between funds 8 (337) 337 - -
Net movement in funds 57,924 199,923 257,847 71,808
RECONCILIATION OF FUNDS
Total funds brought forward 302,154 5,281 307,435 235,627
TOTAL FUNDS CARRIED FORWARD 360,078 205,204 565,282 307,435
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The notes form part of these financial statements

Page 3

ST MARY THE VIRGIN CMURGII BEARIWOD BALANCE SHEET 31 DecEMBER 2025 2025 Tvlal lunds 2024 To¢al lund8 lknr¢5tr￿rted Rrbtsthd nds nds Notes FIXED ASSETS Tan￿ble 48sets 29.57e CURRENT ASSETS D•btors Cotsh at bank 36,830 474,706 16,4S3 205,883 2015304 30S.JJ2 205.204 510.596 282.236 CREDITORa Amounts hlhng thje %%thln one year 18.7021 (8.702) 14,4771 NET CURRENT A&8ET8 105304 801,O>4 277,659 TOTAL ASSETS LESS CURRENT LIABILITIES JOOlJ78 200804 307,43S PJEY ASSETS 360.070 205204 66S.282 307,435 FUNDS Unrestn'cted R•strirted fvnd* 360.078 208.204 302.154 5,281 TOTAL FUNDS 565,202 307,435 Thc fmon¢itsl otatsm¢nto wero approved by Ihe Board of Tw8tses ond oulh0ri￿d for la￿¢ ..ILl3Ja6. . and wére •ign¢d on its b¢hJif by. Flev. tl Baker- Iru&ee The notes fonn PArt ofth•8• than+xI elatsments Paae 5

ST MARY THE VIRGIN CHURCH BEARWOOD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, 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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 20% on cost

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Page 5

continued...

ST MARY THE VIRGIN CHURCH BEARWOOD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025

2. INVESTMENT INCOME

----- Start of picture text -----
|||| |---|---|---| |2025|2024| |£|£| |Deposit account interest|8,254|8,518|

----- End of picture text -----

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2025 nor for the year ended 31 December 2024.

Trustees' expenses

Trustees' expenses totalling £2,993 (2024: £3,165) were paid to 7 (2024: 8) trustees for the year ended 31 December 2025.

4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

----- Start of picture text -----
||||| |---|---|---|---| |Unrestricted|Restricted|Total| |funds|funds|funds| |£|£|£| |INCOME AND ENDOWMENTS FROM| |Donations and legacies|172,707|13,399|186,106| |Charitable activities| |Charitable activities|13,340|-|13,340| |Investment income|8,518|-|8,518| |Total|194,565|13,399|207,964| |EXPENDITURE ON| |Charitable activities| |Charitable activities|123,584|8,118|131,702| |Other|4,454|-|4,454| |Total|128,038|8,118|136,156| |NET INCOME|66,527|5,281|71,808| |Transfers between funds|288|(288)|-| |Net movement in funds|66,815|4,993|71,808| |RECONCILIATION OF FUNDS| |Total funds brought forward|235,339|288|235,627| |TOTAL FUNDS CARRIED FORWARD|302,154|5,281|307,435|

----- End of picture text -----

Page 6

continued...

ST MARY THE VIRGIN CHURCH BEARWOOD NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025

5. TANGIBLE FIXED ASSETS

COST
At 1 January 2025
Additions
At 31 December 2025
DEPRECIATION
At 1 January 2025
Charge for year
At 31 December 2025
NET BOOK VALUE
At 31 December 2025
At 31 December 2024
6.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
7.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors		 2025
£
35,830
2025
£
8,702		 Fixtures
and
fittings
£
35,470
41,062
76,532
5,894
7,250
13,144
63,388
29,576
2024
£
16,453
2024
£
4,477

Page 7

continued...

ST MARY THE VIRGIN CHURCH BEARWOOD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025

8. MOVEMENT IN FUNDS

At 1.1.25
£
Unrestricted funds
General fund
182,907
Designated - Boiler fund
15,000
Designated - LED lighting
1,943
Designated - Church plant
30,000
Designated - Pantry income
554
Designated - Staff costs from St Johns
35,000
Designated - Building projects costs
36,750
302,154
Restricted funds
Warm rooms grant
442
Pantry grant - food
1,276
Pantry grant - other
3,563
Building fund
-
Other
-
5,281
TOTAL FUNDS
307,435
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Warm rooms grant
Pantry grant - food
Pantry grant - other
Building fund
Other
TOTAL FUNDS		 Net
movement
in funds
£
58,261
-
-
-
-
-
-
58,261
(491)
4,140
(2,500)
167,187
31,250
199,586
257,847
Incoming
resources
£
232,131
-
12,131
-
190,000
31,250
233,381
465,512		 Transfers
between
At
funds
31.12.25
£
£
86,967
328,135
(15,000)
-
-
1,943
-
30,000
(554)
-
(35,000)
-
(36,750)
-
(337)
360,078
49
-
288
5,704
-
1,063
-
167,187
-
31,250
337
205,204
-
565,282
Resources
Movement
expended
in funds
£
£
(173,870)
58,261
(491)
(491)
(7,991)
4,140
(2,500)
(2,500)
(22,813)
167,187
-
31,250
(33,795)
199,586
(207,665)
257,847

Page 8

continued...

ST MARY THE VIRGIN CHURCH BEARWOOD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025

8. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Designated - Chairs fund
Designated - Boiler fund
Designated - LED lighting
Designated - Church plant
Designated - Pantry income
Designated - Staff costs from St Johns
Designated - Building projects costs
Restricted funds
Choir vestry seating
Warm rooms grant
Pantry grant - food
Pantry grant - other
TOTAL FUNDS		 At 1.1.24
£
202,452
17,887
15,000
-
-
-
-
-
235,339
288
-
-
-
288
235,627		 Net
movement
in funds
£
64,030
-
-
1,943
-
554
-
-
66,527
-
442
1,276
3,563
5,281
71,808		 Transfers
between
funds
£
(83,575)
(17,887)
-
-
30,000
-
35,000
36,750
288
(288)
-
-
-
(288)
-		 At
31.12.24
£
182,907
-
15,000
1,943
30,000
554
35,000
36,750
302,154
-
442
1,276
3,563
5,281
307,435

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Designated - LED lighting
Designated - Pantry income
Restricted funds
Warm rooms grant
Pantry grant - food
Pantry grant - other
TOTAL FUNDS		 Incoming
resources
£
192,068
1,943
554
194,565
500
2,000
10,899
13,399
207,964		 Resources
Movement
expended
in funds
£
£
(128,038)
64,030
-
1,943
-
554
(128,038)
66,527
(58)
442
(724)
1,276
(7,336)
3,563
(8,118)
5,281
(136,156)
71,808

Page 9

continued...

ST MARY THE VIRGIN CHURCH BEARWOOD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025

8. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Designated - Chairs fund
Designated - Boiler fund
Designated - LED lighting
Designated - Church plant
Designated - Pantry income		 At 1.1.24
£
202,452
17,887
15,000
-
-
-		 Net
movement
in funds
£
122,291
-
-
1,943
-
554		 Transfers
between
At
funds
31.12.25
£
£
3,392
328,135
(17,887)
-
(15,000)
-
-
1,943
30,000
30,000
(554)
-
Restricted funds
Choir vestry seating
Warm rooms grant
Pantry grant - food
Pantry grant - other
Building fund
Other		 235,339
288
-
-
-
-
-		 124,788
-
(49)
5,416
1,063
167,187
31,250		 (49)
360,078
(288)
-
49
-
288
5,704
-
1,063
-
167,187
-
31,250
288 204,867 49
205,204
TOTAL FUNDS 235,627 329,655 -
565,282
A current year 12 months and prior year 12 months combined net movement in funds, included in t
above are as follows:
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
Unrestricted funds
General fund
424,199
(301,908)
122,291
Designated - LED lighting
1,943
-
1,943
Designated - Pantry income
554
-
554
Restricted funds
Warm rooms grant
Pantry grant - food
Pantry grant - other
Building fund
Other		 426,696
500
14,131
10,899
190,000
31,250		 (301,908)
124,788
(549)
(49)
(8,715)
5,416
(9,836)
1,063
(22,813)
167,187
-
31,250
246,780 (41,913)
204,867
TOTAL FUNDS 673,476 (343,821)
329,655

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Page 10

continued...

ST MARY THE VIRGIN CHURCH BEARWOOD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2025

8. MOVEMENT IN FUNDS - continued

Transfers between funds

During the year £288 was transferred from unrestricted funds to restricted funds. This represented funds that were granted for pantry food which was wrongly allocated to a designated fund in 2024.

Amounts designated for the building fund was reallocated to the general fund due to £190,000 received for this purpose instead.

Designated staff costs of £35,000 was also reallocated to the general fund as all costs are accounted for within the general fund.

A transfer of £49 was made from the general fund to the warm rooms grant fund to cover the excess expenditure in the warm rooms grant fund.

9. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2025.

Page 11

ST MARY THE VIRGIN CHURCH BEARWOOD

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025

----- Start of picture text -----
2025 2024
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Planned giving 387,292 134,597
Fundraising and appeals 653 1,353
Gift aid 37,869 25,988
Grants - 20,039
Pantry income 12,131 554
Other income 9,144 3,575
447,089 186,106
Investment income
Deposit account interest 8,254 8,518
Charitable activities
Hall income 9,810 11,165
Weddings & funerals 359 2,175
10,169 13,340
Total incoming resources 465,512 207,964
EXPENDITURE
Charitable activities
Common fund 35,000 20,000
Donations 16,061 14,699
Cleaning 5,335 4,674
General expenses 6,675 6,059
Health & Safety - 430
Insurance 4,853 5,097
IT Running costs 3,054 3,095
Sundry 1,427 224
Printing & stationary 688 1,221
Telephone & broadband 788 697
Utilities 13,396 10,941
Professional fees - 978
Repairs and renewals 35,521 12,051
Staff costs 51,866 35,835
Communications - 625
Arts and crafts 1,254 1,133
Event costs 20,713 10,282
Gardening 633 661
197,264 128,702
----- End of picture text -----

This page does not form part of the statutory financial statements

Page 12

ST MARY THE VIRGIN CHURCH BEARWOOD

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025

----- Start of picture text -----
2025 2024
£ £
Charitable activities
Other
Fixtures and fittings 7,251 4,454
Support costs
Governance costs
Accountancy and legal fees 3,150 3,000
Total resources expended 207,665 136,156
Net income 257,847 71,808
----- End of picture text -----

This page does not form part of the statutory financial statements

Page 13

Structure, Governance and Management Structure and Purpose The Parochial Church Council (PCC) is a corporate body established by the Church of England. It is governed by the Parochial Church Council (Powers) Measure 1956 as amended and the Church Representation Rules. The PCC was registered with the Charity Commission on 6th De￿mber 2023. The purpose of the charity, as stated in the goveming documents, is to Co-operate with the vicar in promoting the whole mission of the church, pastoral, evangelistic and ecumenical. in the parish. Charity details The Parochial Church Council of The Ecclesiastical Parish of Sl. Mary the Virgin, Bearwood (also known as St Mary s, Bearwood, or SMBI is a registered Gharity, number 1206076. The church's registered office is St Mary's Church, Bearwood Road, Bearwood, Smethwick, West Midlands B66 4BX. Publlc benefit The PCC fulfils Ihe Charity Commission's guidance on public benefit, 'The advancement of religion for the Publi¢ Benefit. and has regard to this in its planning and administration of church activities. The PCC believes that by promoting the Christian faith it provides a benefit to the public by.. Providing facilities for and activities of worship, pastoral care and spiritual development, both for existing church members and for anyone who wishes to benefil from what the church offers in the community; and Promoting Christian values, and service by members of the church in and to their communities, to the benefit of individuals and society as a whole. It also provides benefit to the public through the provision grants, use of facilities and partnership with other charities, churches and agencies that also demonstrate public benefit in line with our mission. The church's activities and the services it offers are available to all within the parish, regardless of race, ethnicity, nationality, religious belief lor none), genderlgender identity. or sexuality. All are welcome. Governance The charity is governed by the members of the Parochial Church Council IPCC), who are also its trustees. The appointment of PCC members is set out in Ihe Church Representation Rules. The PCC comprises all clergy licensed to the parish, 2 elected churchwardens, 12

elected members of the electoral roll serving on Deanery, Diocesan or General Synod, and 9 further lay members elected at the APCM. The PCC has the right to Co-opt members. Upon joining the PCC, new members receive an induction pack which includes among other supporting papers. 'The Essential Trustee, published by the Charity Commission, our most recent annual report, our annual budget and PCC minutes for the last 12 months. We also offer an annual training meeting for PCC members. PCC meetings The PCC met 11 tirnes in 2025. At its first meeting following the APCM, the PCC elected the Standing Committee comprising the clergy, church wardens, layvchair, secretary and treasurer. The Standing Committee met a further 4 limes during 2025 to continue PCC business behveen PCC meetings. with the minutes of these meetings circulated to all PCC members. Risk Assessment A regular review is undertaken by the PCC of principal risks and uncertainties that the charity faces. The Gharity has established policies, systems, and procedures to mitigate risks identified in its reviews relating lo safeguarding, health & safety, data protection, financial and other issues. Safeguarding The PCC are committed to ensuring all aclivilies and groups are organised in accordance with the Church of England House of 8ishops' Safeguarding Policy and Practice Guidance. Safeguarding update reports are provided each meeting by our Parish Safeguarding Officer. Alison Carter. Alison. with the parish safeguarding team, meet regularly lo review compliance, concerns and safer recruitment. This team includes the incumbent Rev Ben Baker and Becca Dawkins. Staff and volunteers Clergy, lay employed staff and key volunteers are responsible for the various ministries and administration of the church and submit regular reports to the PCC. As of 31st December. we have paid 3 employees11 full-time and 2 part-time. and 1 voluntary staff role), in addition to two licensed dergy, who are paid by Church of England, Birmingham. The following list records those who served as members of the PCC during the year.. The PCC Rev. Benjamin Baker Rev. Sarah Down Benjamin Prentice Francis Herbert Alison Carter Chair, clergy (ex-officio) Clergy licensed lex-officio), Churchwarden (ex-officio) Churchwarden (ex-officio) Term finished April 2025 13

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