The Parish of St. George's, Benenden Parochial Church Council, Benenden Financial Report and Accounts For the year ending 31 December 2025 Rector: Revd Devld Commander The Rectory The Green Benenden Kent TN17 4DL Secretary: Mrs J Collard 7 Fuggles Court Benenden Cranbrook Kent TN174EF Charity No: 1132696 St George's Parochial Church Councll, Benenden Statement of Flnanclal Activitles For the year ending 31 December 2025 Iunreslrlcied;, Funds Restrtcted Funds i Endowment Funds TOTAL FUNDS Note IINCOMING AESOURCES Voluniaryln¢ome AC￿￿11e$ for generaljng funds Ilncome Irom Invesknents Ictiurch aCtI￿￿e$ Iother Incomlng resources 25,ctsI- 17,263 57.512 20,840 I3,￿71 3Js 01 170TALINCOMING RESOURCES 127.653,, 164,823 189,391 IRESOURCES EXPENDED Costs ofgeneTaUngvoluntsryln¢ome Fund ralslng ¢osts Ithurch 3¢u￿￿e5 4.170 1TOTALRESOUR￿ E 38,802 |NEf Repay?nent ol Loan betyleen funds INEf MOVEMENT IN FUNDS 21,2561 150,9461 ,1106,7491 24,073 18AlAN￿ BIFWD IJANUARY 542.lnl I.997.￿1-- - l 1,973.889 BALAN￿scIFWD 31DE￿M8ER 463,113, 131,1231 1.294,977, .' 1.689.2131 St Georye's Parochlal Church Council, Benenden Balance Sheet at 31 December 2025 Unrestrlcled Funds Restrlcled Funds Endowment Funds TOTAL FUNDS Note RXED ASSETS Tangible Investrnents 323,011 1.283,146 1.&3,N6 I,fKE,158 2.010,181 1.670,554, 2,074,577 CURRENT ASSETS Stock Debtors Short-terry Cash atBankandln Hand 191,198 69,105 2&J,302 213, 753 22,7 17,491 327.402 283,056 LIABILITIES edltors: amounts due In lone year Net ￿rrentA$$ets {Uabllltlesl 260,302, 283.056 'Totsl Assets less Uabllltles 627.&371 382.753 1,283,146 2.293,237 2.401,979 Ciedltors: amounts due after lone year TOTAL NET ASSETS 627.337 382.753 1,283.146 2,293,237, 2,401,979,, PARISH FUNDS Unrestrlcted Restrlcted Endowment 382,7S3 1,283,146 2,293,237 533,597 1,342,ts0. 2,401.979 1,283,146 1.283.146 Approved by the Parochial Church Council on the 23th March 2026 and signed on its behalf by th¢ Revd David Commander (PCC Chairnyan) The notes on pages 3 to 6 fonn part of these accounts Notes to the financlal statements For the year ending 31 December 2025 ACCOUNTING POLICIES The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the SORP 2005. These statements have been prepared under the historical cost convention except for the valuation of investrnent assets, which are shown at market value. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members. Funds Endowment Funds are funds, the capital of which must be maintained (excepting expendable endowments) only income arising from Investment of the endowment may be used elther as restricted or unrestricted funds depending upon the purpose for which the endowment was established. Restricted Funds represent (a) Income from trusts or endowments whlch rnay be expended only on those restiicted objects provided in the terms of the trust or bequest, and (b) donations or grants recelved for a specific object or Invited by the PCC for a speclfic objecL The funds may only be. exppnded on. the speclflG,obJect for whlch ,they were glven. Any balance remalnlng unspent at the end of each year is carrfed forward.as a balance on that fund. The PCC does not always investseparately for each fund. Where there is no separate inves.tmen.t, interest .is ,apportioned .to individual. funds on an average balance basis. Restricted funds are used,to meet appropriate expenditure before utilising designated funds. Unrestricted Funds are general funds which can be used for PCC ordinary pU￿oses. Funds designated by the PCC are Included in unrestiicted funds. ' Incoming Resources Plan ned giving, collections and donations are recognized when recelved. Tax refunds are recognized when the incoming resource to which they relate Is received. Grants and legacies are accounted for when the PCC is legally entitted to the amounts due. Dividends are accounted forwhen receivable, interest is accrued. All other incorne is recognized when it is receivable. All incoming resources are accounted for gross. Resources Expended Grants and donations are,,accounted; for when paid over, or when ,awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan parish share is accounted for when due. Amounts received specifically for mission are dealt with as restricted funds. All other expenditure is generally recognized when it is incurred and is accounted for gross. Fixed Assets Consecrated and benefice property is not included in the accounts in accordance with s.96(2)(a) of the Charities Act1993. Movable church fumishings held by the churchwardens on special trust for the PCC and whlch require a faculty for disposal are inalienable propety, listed in the church's inventory, which can be inspected (at any reasonable time). For anything acquired priorto 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Subsequently no individual item has cost more than £1 ,000 so all such expenditure has been written off when incuffed. Investments are valued at market value at 31 December 2025. The Memorial Hall, given to the church authorities and under the management of the rector and churchwardens as a parish hall, is included in the fixed assets for restricted funds. Simjlarly, the.Incoming and outgoing resources forlhe hall are also shown in restricted funds. ..COMPOSITION OF FUNDS ..)nliiA These comprise: .Unrestrlcted Funds; General account, with the.exception of small sums.specified for particular items expended in year. Mission fund, all of which,.is designated. Fabric fun,d. that porlion which has,been .designated ,Legacy Fund, the,income,from this.fund (part cash and part Invested) will be shown as income for the general purposes of Ihe PCC. Restrlcted Funds: General account, small sums specified for expenditu￿ in the year. Memorial Hall fund, this operates on a separate bank account, but Is included here as a means of recording its activities Rollings interest fund, receives incoiTie from the Rollings Capital endowment, restricted to the upkeep of the interior of the church. Fabric fund, restricted to the upkeep of the church fabric. HardshiplPoorfund was set up in 2018 incorporating three church warden charities. In .2020 the fund was used to receive donations and make payments to parishioners suffering financial problems during the Covid-19 pandemic. Endowment Funds. St. marga￿￿S with Century Cottages, an expendable endowment for ecclesiastical purposes in the parish. Anonymous Gift, income from which is for the general purposes of the PCC. Gladys Bateman, income from which is restricted to the Fabric Fund. Rollings Capital, income from which is held in the Rollings interest fund, restricted to the upkeep of Ihe interiorof the church. INCOMING RESOURCES Unrestrlcted Voluntarylncome Actlvltles for generatln Income Income form Investments urch ac￿VItIeS General alc 68,657 25,009 23,807 6,465 Mlsslon Fd Fabrlc Fd Legacy Fd Total 68,657 25,009 23,807 6,465 Restrl¢ted Voluntary Income Actlvltles for generatln Income Incomeform Investments C*urch actlvltles General 625 Fabrlc 2,365 Rollln Hardshlp Mem Hall 2,990 Total 5,980 3,094 28,330 736 3,090 32,160 3,090 Endowment. Income from investments t Margarets Rolllngs Capltal Total ol r*4 jl RESOURCES EXPENDED Unrestrlcted Fund ra-lsln costs, urch actlvlties General-al¢l Mlsslon Fd , 49461 76,5561 Fabrlc Fd Le acy Fd Tota( 76,556 Restrlcted urch actlvltles Repalrs & malntenance General Fabrlc Rolllngs Hardshlp Mem Hall 5,951 Total 12,714 GAINS ON INVESTMENT ASSETS Valuatlon 202A 2025 Movement In year Unrestrlcted General Fund Investment account Fabric 303,4201 33,0421 291,290 31,721 {12,130j {1,3211 Endowment Stmargarets Annon gift Gladys Bateman Rolllngs capltal Rolllngs accumulatlon Total 281,179 50,2921 269,938 48,281 5,478 876,046 {11,241j 12,011) (2281 1,670,554, 1,606,158 (64,3971 NET LOAN BETWEEN FUNDS There were no outstanding loans be￿een funds at the year end. FIXED ASSETS The fixed assets have not been revalued since last year. Unrestricted The plot of land known as the Beadle Platt, comprising 0.0951 hectsres valued in 2014 atagricultural land values at £2,045 Toilet and Store building (Known as the Owl House) constructed on the Beadle Platt at construction costs in 2002 £41978 £44,023 Restrlcted The building known as the Memorial Hall including the land on which it stands valued at insurance valuation (2014) Previous valuation £157,369 £360,000 Not included in the Balance Sheet but recorded here for infomiation is that parcel of land, adjoin Ing the vicarage, known as the Glebe Field and comprisin g 1.095 hectsres, valued at 2014 agricultural land prices at £23,550. It should not be assumed thatany of these assets can or may be dlsposed of at these valuatlons. Independent Examiner's Report to the membersltrustees of St. George's Church, Benenden, Parochial Church Council I report on the accounts for the year ended 31st December 2025 which are set out attached. Respective responsibilities of the Trustees and Independent Examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 ("the Charities Act") and that an independent examination is needed. It is my responsibility to examine the accounts under section 145 of the Charities Act; follow the procedures laid down in the General Directions given by the Charity Commissioners under section 145(5)(b) of the 2011 Act,. and state whether particular matters have come to my attention. Basls of Independent Examiner's Statement My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair, view and the report is limited to those matters set out in the statement below. Independent Examiner's Statement In connection with my examination, no material matters have come to my attention which gives me cause to believe that, in any material respect". the accounting records were not kept in accordance with section 130 of the Charities Act," or the accounts did not accord with the accounting records. or the accounts did 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 fairf view which is not a matter considered as part of an independent examination. I 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. Signed: Mr David Rogers 10 Millers Meadow, Sandhurst, Kent, TN18 5BE