THE FRIENDS OF THE CITY CHURCHES
Trustees, Annual Report
and Financial Statements
for the
Year Ended 31 March 2025
Reglstered Charitable Incorporated Organisation (CIO) 1155049
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THE FRIENDS,,,,

The Friend5 of the City Churches
Contents of the Financial Statements for the Year Ended 31 March 2025
Pa8e
Report of the Trustees
Ito12
Independent Examiner's Report
13
Statement of Financial Activities
14
Balance Sheet
15
Notes to the Flnancial Statements
16to25

The Friends of the City Churches
Report of the Trustee5 for the Year ended 31 March 2025
REFERENCE AND ADMINISTRATIVE DEfAILS
Registered Charitable Incorporated Organlsation Number
1155049
Address
Queen Elizabeth House
4 St Dunstan's Hill
London
EC3R 8AD
Trustees
Davld Jessop
Sonja Judith Guy-Briscoe
Michael Charles Rumsey Normington
Nancy Jane Bran50n
Cllve Donald Cutbill
Oliver Lei8h-Wood
Helen Clare Passey
John Arthur Cecil Reynolds
Lesley Diane Thrift
Tony Tucker
Suzanne Margaret Walker
Steven Denni5 We15h
Actlng Chalrman
Honorary Secretary
HonoraryTreasurer
Appointed 9 October 2024
Resigned 9 October 2024
Appointed 9 October 2024
Resigned 11 April 2024
Re-appointed 9 October 2024
Resigned 11 Aprll 2024
Co-opted 5th August 2025
Appointed 9 October 2024
Independent Examiner
Shoaib Arshad
Knox Cropper LLP Chartered Accountants
65 Leadenhall Street
London
EC3A 2AD

The Friends of the City Churches
Report of the Trustees for the Year ended 31 March 2025
The Trustees present their report with the financial statements of the charity for the year
ended 31st March 2025. The Trustees have adopted the provisions of Accounting and
Reporting by Charities: Statement of Recommended Practice applicable to charitie5
preparing their accounts in accordance with the Financial Reporting Standard applicable in
the UK and Republic of Ireland (FRS102) (effective l January 2019).
OBJEcfivES AND ACTIVITIES
Objectlves and alms
In the year 2024 to 2025 The Friends of the Clty Churches have continued to fulfil their
stated objectives:
To preserve and protect for the public benefit:
Churches and chapels of architectural and/or historic interest sltuated in the City of
London, whether belonging to, or formerly used by, the Church of England, or any
other body;
The monuments, fittings, fixtures, organs, stained glass, furniture, ornaments and
chatte15 of any such church or chapel and their united parishes;
The churchyards and burlal grounds belonglng to or formerly belonging to any such
church or chapel.
These are principally achieved by 'Church Watching,, the making of small grants to City of
London Churches and the education of the membership and others In relation to the City
churches and related issues.
Public benefit
The Trustees conflrm that they have referred to the 8uidance In the Charity Commission's
general guldance on public benefit when revlewin8 the charitws alms and objectives and In
planning future activities.
Skyllne
Skyline is the FCC'S magazine, which is sent free of charge to members of the charity
"Friends") three times per annum, in February, June and ottober.
As always, we are extremely grateful to learned bodies and individual photographers who
waive fees for their copyright photographs. This Is done on the understanding that Skyline is
received by registered supporters and cannot be purchased separately.
We now have a reciprocal advertising arrangement with SAVE Britain's Herltage, and accept
a modest level of advertising when it is offered.
Our Editor, Judy Stephenson, stood down as Skyline Editor after the February 2025 edition
had been published. Judy had taken on the role of Editor from the August 2017 edition.
Under her direction the magazine has become a leader in its field. The Trustees are deeply
grateful to Judy Stephenson for the work that she has invested over many years into
producing a quality publication that has undoubtedly enhanced and strengthened the
reputation of the FCC, and we wish her well now her Editorial pen has been passed on.

The Friends of the City Churches
Report of the Trustees for the Year ended 31 March 2025
Skyline (contd)
We are very pleased that Dr Paul Simmons has agreed to assume the editorial mantle for
the June and October 2025 issues, and that Julia Burgoyne has agreed to take over the
editorship with effect frorn the February 2026 edition.
Judy Stephenson could not have managed wlthout the advlce of Trustee Nancy Branson.
Sally Phillips and Elaine Turner continue to find errors in proof-readingwhich the editor
misses, and John Finn's design is always of an exceptional high standard. Jonathan Causer
has now indexed all the back issues of Skyllne and the Newsletter which preceded it.
Church Watching
Church watching continues to be the public face of the FCC. Our Watchers help to keep City
churches open for visitors to enjoy their architectural environment, their peace and
tranquility, and to see them in their historical context.
DurSng the year, we had an average of 100 of our Friends engaged In Watching, coverlng 18
of the City churches. We are pleased to have galned some new Watchers during the year,
but have also lost some through reasons of age and travel difficulties.
Recorded numbers of vlsltors for the year 2024/25 of 35,106 show a slight decrease when
compared to 2023124 (37,244). However, St Stephen Walbrook was closed for ten months
across 2024125 and if the figures are compared on a 'like for like, basis, then there is
percentage increase in visitor numbers over the year of approximately 7%. The result from
the first complete year of watchlng at St Andrew by the Wardrobe was very encouragin&
and we are now watching on a second day at St James Garlickhythe. We are optimistic that
there may be further approaches from churches for us to provide watchers In the coming
year. St Stephen Walbrook reopened in July 2025.
Our Watchers sign-up meetings have now moved to 5t Giles Cripplegate, from St Mlchael
Paternoster Royal, and there has been a slight increase in Friends attendin& which is
welcomed. There is now an introductory talk from the St Giles clerical team, which is always
well receivedl
Lesley Thrift is responsible for recruiting Watchers, and is ably assisted in her role by a team
of Rota Managers comprising Judy Guy-Briscoe, Vanessa Morris, Helen Passey, Marion
Watson and Steve Welsh, whose role Is vltal to the success of the programme, and works in
two ways: first, by facilitating communication between the churches and the Watchers, for
exarnple, in informing Watchers of changes in a relation to a particular church and, second,
by pa55ing feedback from Watchers to the churches concerned.

The Friends of the City Churches
Report of the Trustees for the Year ended 31 March 2025
Small Grants Programme
Through the FCC Small Grants programme, Trustees can award a maximum of £10,000 per
project to small scale repairs or improvements in or outslde a City church. The income
arising from the Melba Coombs Endowment may also be used, up to a maximum of £2,000
per project.
The following grants have been awarded during the financial year 2024125
St Margaret Pattens: Restoration of Griffen organ {£3,(M)O)'
Holy Sepulchre: Repairs & cleanin8 of Altar Frontals in Muslcians Chapel (£1,165 paid
from Textile Fund);
St Mary Aldermary: Repairs to East Basement Door (E600);
St Katharine Cree: Repairs to Fountain in Churchyard (£1,234);
St James Garlickhythe: New equipment and improved comfort of seating {£8,200);
St Ethelburga: Work on lavatories (£5,000);
The Dutch Church: Contribution towards commemorative stained glass window
(£8,000).
A small amount was clawed back from one Grant prevlously awarded to Holy Sepulchre
(£235), as the total amount had not been spent.
At 31 March 2025, there were eight outstanding grants which had been approved by the
Trustees but where the work awalts completlon, with a total value of £31,214.
FCC Frlends, event5
The FCC, under Judy Guy-Briscoe, has continued to organise a series of wlde-ranging,
Informatlve and varled events for Its members throughout the year, with some proving so
popular that they have been repeated In 2025/26, in order to accommodate those Frlends
who were unlucky in their application the previous time.
In a series of walks led by Clty Guide5, Karen Chester investigated Shakespeare's Blackfriars,
Anne-marie Craven took Friends on a Samuel Pepys Walk, Jill Finch introduced Friends to
John Donne, and Steve Welsh explored Marylebone and the area around Wesley's Chapel.
Tony Tucker gave a repeat talk on 'Sword Rests in City Churches, and a talk at the AGM on
Wren Churches. St James Garllckhythe hosted two lectures; on Pewter, given by Diana
German and the Treasures of St Lawrence Jewry given by Liz Chalmers. Jill Finch also gave
Zoom lecture on 'Literature in the Cit￿.
Guided visits were made to The Charterhouse, Salters, Hall, Barber-surgeons. Hall, Wesle¢s
Chapel and Grocers, Hall. Visits were made further afield to St Albans Cathedral, and a
further Chairman's outing to visit four of the Romney Marsh Churches; St Augustine's, All
Saint5, St Marythe Virgin, and St Peter and St Paul, with a guide from the Romney Marsh
Historic Churche5 Trust.

The Friends of the City Churches
Report of the Trustees for the Year ended 31 March 2025
Frlends Events (contd.)
The well-attended annual Christmas Carol Service at St Mary Abchurch was again
complemented by the excellent Lady Margaret School Chamber Choir, with Callum
Anderson returnin8 to play the organ.
City Events
The City Events listing guide to services and musical events being held in the City churches is
now up and running again after a short period of suspension, and continues to be published
every two weeks as a downloadable PDF.
FCC Friend Ingrid Slaughter continues to provide an invaluable up-to-date section covering
details of the services being held in the City churches, both regular and special. She also
compiles a concise summary of the events such as concerts, recitals and lectures being held
In the City churches.
Merchandlse
Durln8 the year, we adopted the policy of reducing our stock to manageable levels, and we
are grateful to Vanessa Morris who has taken on the role of investigating new lines that may
be of interest to Friends.
It did not prove possible to have a new Christmas card design for Christma5 2024, but the
sales of the 2025 calendar were satisfactory, and there is continuing and consistent demand
for Tony Tucker's Guide to the City Churche5.
Unfortunately, the cost of postage Is fast becomln8 prohibltive, and thls Is something that
the Trustees keep under review.
St Mary Abchurch
The Guild Church Council (GCCI of St Mary Abchurch assumed the running of the church
from the Friends at the end of September 2024, and at the beginning of November, the
Friends ceased occupancy, bringing to an end a period of eleven years, residency.
Negotiations had taken place with the GCC during the second and third quarters of 2024 to
examine whether an appropriate arrangement could be put in place to enable the close
relationship between the Friends and the church to continue.
All trustees took part in the negotiation process with the exception of Oliver Leigh-wood
and David Jessop who, as Churchwardens at St Mary Abchurch, were conflicted and couldn't
take part in the negotiations.
At the outset of negotiations it became clear that the original Bishop's Mission Order that
had governed the relationship between the Friends, the Diocese and the Church had not
been renewed when it expired in 2018, and that no alternative document had been put in
its place

The Friends of the City Churches
Report of the Trustees for the Year ended 31 March 2025
St Mary Abchurch (cont.)
The Trustees entered into the negotiations with a completely open mind as to the future,
but it became apparent late in the day that our continued presence at St Mary Abchurch
would be dependent on our continuing to run the church.
We are grateful to David Jessop who, in his role as Church Manager, effectively ran the
church on a day-to-day basis for in excess of eleven years, an immense commitment that
should be recognised, and who stood back from the task at the end of September 2024.
Given the age profile of the FCC and the work involved in running the Church, it was the
unanimous decision of the 'non-conflicted' Trustees that it was not in the interests of the
FCC to agree a Licence Under Faculty with the Diocese to continue occupancy, and to
continue to run St Mary Abchurch on this basis, and alternative options were investigated.
As a result, the then Chairman, Oliver Leigh-wood, stood down at the AGM in October 2024.
Having considered all available options, the non-conflicted Trustees unanlmously decided to
take space at Queen Elizabeth House, St Dunstan's Hill, the London Headquarters of SSAFA,
the Armed Forces Charity, and moved there at the be8lnnln8 of November 2024. The offlces
are clean and secure, and represent good value for money.
It is estlmated that the net cost to the FCC of our occupancy at St Mary Abchurch amounted
to approximately £130,000 over the eleven year period of occupancy, which is likely to have
been in excess of what a rental for similar premises would have amounted to over the same
period.
All financial matters between the FCC and the GCC were satisfactorily resolved in advance of
the end of our financial year, and the result is reflected in the financial statements, as is the
out-turn of the Friends, management of the church for the period 1st Aprll 2024 to 30th
September 2024.
The Trustees considered whether they should seek to recover any overpayrnents made to
the Diocese for the FCC'S occupation of St Mary Abchurch.
Having considered the matter carefully, they concluded that it would not be appropriate to
pursue this further so long as they received an unqualified confirmation from the Diocese
that a further sum, well in excess of the potential overpayments, would be made available
by it for the works soon to be undertaken on St Mary Abchurch, on the basis that any
amounts conceivably due to the FCC would, instead, be used for the benefit of the work
proposed to be undertaken on St Mary Abchurch, which falls within the FCC'S objects.
The Diocese ha5 now assured the FCC in writing that a sum of £1,781,891 is to be released
from Diocesan funds towards the refurbishment of St Mary Abchurch once that project
moves forward and, on this basis the Trustees resolved that it would not be appropriate to
pursue the matter further, thus resolving all financial matters between the FCC and the
Diocese in relation to our occupation of St Mary Abchurch in a manner calculated to benefit

The Friends of the City Churches
Report of the Trustees for the Year ended 31 March 2025
St Mary Abchurch Icont.)
the latter. The Treasurer has therefore been instructed to write to the Diocese to confirm
the FCC'S under5tandin8 that agreement had been reached that the matter was now
resolved on thls basis.
FINANCIAL REVIEW
Financial Posltlon
A statement of financial activltles is included on page 14.
There was a net movement in funds of a surplus of £17,431 (2024: Deficit of £180). Gross
Income for the year was £120,612 {2024: £96,384). Voluntary income sources represented
£117,444 (2024: £93,291), and a further £3,168 (2024: £3,093) was earned from the
investments making up the Melba Coombs Endowment.
An analysls of the funds Is shown on page 23. As at 31 March 2025, the total value of funds,
both restricted and unrestricted, amounted to £341,330 (2024: £323,899).
Investment Policy & Objectlves
The charity's unrestricted funds are largely held in cash.
The capital of the Melb3 Coomb5 Endowment is held in income units in the Church of
England Charities Investment Fund. The Fund aims to provide a total return18rowth in
capital and income) over the long-term (defined as five years). The fund follows a client-
driven ethical investment policy.
Reserves pollcy
The FCCS unrestricted reserves stand at £215,488 (2024: £195,841).
The Trustees last reviewed the posltion in relation to these reserves on 3rd July 2025.
The trustees concluded that, given the current financial position and the unpredictability of
donations and legacy income, these reserves should be retained for the time being to
ensure that the FCC will have sufficient funding to fulfil its medium to long-term plans in
support of it5 core activities.
The Trustees will continue to keep the level of reserves under review.
Going Concern
After making appropriate enquiries. the Trustees have a reasonable expectation that the
FCC has adequate resources to meet any commitments and sustain a comparable level of
activity for at least the next twelve months from the approval of the financial statements.
and therefore the financial statements have been prepared on the going concern basis.

The Friends of the City Churches
Report of the Trustees for the Year ended 31 March 2025
STRUCTURE. GOVERNANCE AND MANAGEMENT
FCC is a Charitable Incorporated Organisation (CIO) and operates under the 'Assoclation
Model, constitution for such organisations.
Trustees are appointed by the members of the CIO (Friends) at the Annual General Meeting
and serve for three years after which they may offer themselves for re-election. Four of the
Trustees are ex-ofFicio appointments: Chairman, Vice-chairman, Honorary Treasurer and
Honorary secretary.
All Trustees are required to have read the 'Guide to Trustees, Duties, and 'Guidance on
Public Benefit'i publications issued by the Charity Commission for England and Wales, and to
update themselves regularly on matters assoclated with the operation of sm311 charities. To
that end, all Trustees are directed to the regular Newsletters of the Charity Commission and
relevant point5 are highlighted.
The Trustees have complled wlth their duty under law {s17{5), Charities Att 2011) to have
due regard to the Charity Commission's public benefit guidance when exercising powers or
duties to which the guidance is relevant. FCC is fully compliant with the requlrements of the
General Data Protection Regulation (GDPR).
Oliver Lei8h-Wood and David Jessop sepied as Churchwardens of St Mary Abchurch and
members of its Guild Church Council throughout the period under revlew. In compliance
with the FCC constitution and conflicts of interest policy, they took no part in any of the
discussions relatlng to the FCC'S occupation of St Mary Abchurch. Apart from this, the
Trustees do not carry on activities, whether voluntary or for profit, which conflict with their
duties for FCC. Several Trustees, however, do have roles in other charities or in churches, or
work for thelr own account. These activities are separate frorn their work for FCC. None of
the Trustees receives remuneration for work for FCC. A policy for Trustee expenses claims Is
in place.
One of the priorities for the Trustees in the second half of the year has been to tighten up
on the FCC'S governance. To this end, the Trustees have established three new sub-groups,
made up of Trustees, with the power to co-opt non-Trustee Friends, which aim to
streamline the running of the Trustee body. As a result, the full Trustee body now meets
every two months, instead of monthly, to di5CU55 Strategic plannin8 and priorities, to receive
and act on reports in respect of specific areas of artivity, and to agree financial
commitments, including the award of grants under the FCC Small Grants Scheme. All major
decisions continue to be taken by the full Trustee body.
The three sub-groups are as follow5.
The Finance & Governance Group, currently comprising Michael Normington, Judy Guy-
Briscoe and Clive Cutbill. looks at all matters concerned with finance, governance and
compliance. This includes the running of the annual accounts process, budgetin& and all
other finance, governance, compliance and reporting matters.

The Friends of the Clty Churche5
Report of the Trustees for the Year ended 31 March 2025
STRUCTURE, GOVERNANCE AND MANAGEMEKf (contd.)
The FCC'S internal policies are currently undergoing review and it is expected that this will
be complete early next year. It is also intended to carry out a review of the Friends,
Constitution later in the year.
The Internal Affalrs Group covers membership, IT and the website, Events Skyline. and
merchandise. Its members are currently Judy Guy-Briscoe, Helen Passey, David Jessop,
Nancy Branson and Michael Normington.
The External Affairs Group covers, among other things, external relations, includlng our
relationship with the city churches, Watchers and other charities whose alms are similar to
those of the FCC. It is also looking at recruitment and membership, both individual and
corporate, and how to promote the FCC story and hence increase our profile. Its members
are currently Helen Passey, Clive Cutbill, Lesley Thrift, Steve Welsh and Judy Guy-Briscoe.
In April 2024, two Trustees, John Reynolds and Tony Tucker, stood down after many years,
servlce and became Honorary Vlce Presidents. Three new Trustees were appolnted as
trustees at the AGM in October 2024, having been co-opted by the Trustees In February
2024. Of the latter, all are Watchers, two are Rota Managers and the third a solicitor with
many years, experience of advising charitles.
The Administrator and the Editor, Skyline may attend Trustee meetings as observers for
relevant business. The Editor, like the Trustees, is not remunerated but only reimbursed for
direct expenses In line with FCC policy,
The Offlce
During the year, our Administrator, Karen Hearn, decided to leave for pastures new, and the
Trustees would like to thank her for her service to the FCC over a number of year5. After a
short interregnum the Trustees appointed Sian Richards to fill the vacancy, and she
commenced with the FCC on 31st March.
Acknowledgement should be 8iven to the role played by the Trustees in keeping the office
up and running during the three-and-a-half-month period when we were without an
Administrator, and particularly to Judy Guy-Briscoe, Lesley Thrift and Michael Normington,
who all put in a considerable amount of time to ensure that no backlog built up.
In addition, we are grateful for the assistance from Chris Axtell for IT support and Janyce
Rogers for filing and record keeping.
Looking to the future, the time has come where investment in our office hardware and
software Is essential. Our ageing office IT and systems, both software and hardware, are
rapidly becoming inadequate and the Trustees strongly believe that every pound Spent in
this area will produce major dividends forthe FCC in the years ahead.
10

The Friends of the City Churches
Report of the Trustees for the Year ended 31 March 2025
STRUCTURE. GOVERNANCE AND MANAGEMENT (contd.)
We are also looking at our profile on social medla. In these times It Ss vital to have a strong
social media presence to bring people in to the FCC even if at this stage they are unable to
participate fully in our activities, such as Watchin& due to work or family commitments ...
we need to build for the future and for when they may have time available to be part of that
future.
Webslte
During 2024-25 Alexey Moskvin maintained the FCC webslte at http://www.london-city-
churches.org.uk with information about the Friends, Church Watching, Friends Events, City
Events, Friends, merchandise and the individual City Churches.
The Friends
Considerable work has been undertaken on the membership database, particularly In
connection with those who are not paying their subscriptions at the correct rate, or who are
In arrears, as those not In good standingwlth their subscriptions are not eligible to attend
theAGM.
As of 31 March 2025, The Friend5 of the City Churches had 977 members, in single or joint
accounts {971 at 31 March 2024), showing a slight net increase over the year. Of these, 58
have Life Membership (44 sln8le, 14 joint), a net Increase of 7 over the year. We also have
29 Honorary Friends who are eminent supporters of the charity. In terms of the churches,
there are currently 50 City clergy and parish administrators, who receive Skyline. We are
pleased that a number of our new members decide to become Watchers. The membership
figure also reflects 71 single or joint memberships, a reduction of 7, who pay at substantially
below the current subscription levels, and who no longer receive Skyline.
Friends are reminded that In order to be able to book for events and to attend the FCC AGM
they need to be paying the correct subscription rate. The current membership rates are
always shown at the bottom of the back page of every issue of Skyline. the boilerplate, as It
Is known.
11

The Friends of the City Churches
Report of the Trustees for the Year ended 31 March 2025
CONCLUSION
We thank the Friends for their continuing loyal and generous 5UPPOrt throughout the year,
and we look forward to increased footfall in our Watched churches from school parties,
passers-by and from tourism.
On behalf of FCC. we also thank our Archdeacon, The Ven. Luke Miller; the Area Dean, The
Ven. Katherine Hedderly, the Diocese of London, and the Rt Rev and Rt Hon Dame Sarah
Mullally DBE, Bishop of London and the Rt Rev and Rt Hon Lord Chartres GCVO Chstj PC FSA,
for their continued support throughout the year. We also thank The Revd Dr Malcolm Torry
for his support over the year.
Approved by the Trustees on 3 September 2025, and signed on their behalf by
David Jessop
Acting Chairman
The Friends of the City Churches
3 September 2025
12

THE FRIENDS OF THE CITY CHURCHES
INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF
THE FRIENDS OF THE CITY CHURCHES FOR THE YEAR ENDED 31 MARCH 2025
I report to the charity trustees on my examination of the financial statements of The Frlends of the City
Churches for the year ended 31 March 2025.
Rgspon$lbllltles and basss of reporl
As the trustees of the The Friends of the City Chu￿h08 you ar8 responsible for the preparation of the
accounts in accordance with the requirements ofthe Charities Act 2011 ('the 2011 Acf). You are satisfied
that the accounts are not required by charlty law to be audlted and have chosen instead to have an
Indep8ndent examination.
Having satisfied myself that the accounts of the The Friends of the City Churches are not required to be
audlted under charlty law and are eligible for independent examination, I report in respect of my
examination of the accounts carried out under section 145 of the Charltles Act 2011 ('the 2011 Act,). In
Ca￿ng out my examination I heve followed the Directions glven by the Charlty Commlssion under sectlon
145{5){b) ol the 2011 Act.
Indepondent examlnerfs statement
I can confirm that l am quallf18d to undertake the examlnatlon because l am 8 r8gl8t8red member of
ICAEW whlch is one of the Ilsted bodles.
I hav8 compl8ted my examination. I confirm thal no matters have come to my attention in Gonnectlon with
the examination giving me cause to beli8V8 that In any m8t8rlal respect:
accountlng records were not kept in respect of the charlty as requlred by $o¢tion 130 of the 2011
Act; or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of conceming the fomi and content of
accounts set out in the Charltles (Accounts and Reports) Regulations 2008 other than any
requlrement that the accounts glve a 'true and falr vlew whlch is not a matter consldered as part of
an Ind8pendent examlnatlon.
I have no concerns and have come acr06s no other matters In connectlon wlth the examinatlon to whlch
8tt6ntion should be drawn In thls report In order to enable a proper understandlng of the accounts to be
reached,
Shoaib knhad
Knox Cropper LLP
Chartered Accountants
13

THE FRIENDS OF THE CITY CHURCHES
STATEMENT OF FINANCIAL ACTIVITIES
(incorporating the In¢ome and Expenditure Account)
For the year ended 31 March 2025
Unrestrfcted
Funds
2025
ReslrlGted Endowment
Funds
Funds
2025
2025
Total
Funds
2025
Total
Funds
2024
Noto
INCOME AND ENDOWMENTS FROM:
Donations and18gaci8S
Charitable actlvlties
Other tradlng actlvltles
Investments
TOTAL
68,814
28.779
10.133
9,718
117,444
68,814
28,779
10,133
12,886
120 612
45,484
28,897
12,614
96,384
EXPENDITURE ON:
Ralslng funds
Fundraising trading- Cost of goods
Sold and other costs
Charitable activities
1,818
1,818
95,979
117
108.166
106 283
TOTAL EXPENDITURE
Net income before galns and losses
on investrnents
Net galns on Investmonts
Net Income
19,647
3,168
22,815
5,384
17,431
(9,899)
9,720
(179)
15
5,384
(5,384)
19,647
3,168
Transfer batween fund8
15
NET MOVEMENT IN FUNDS
19,647
3,168
(5,384)
17,431
(179)
RECONCILIATION OF FUNDS:
TOTAL FUNDS AT 1 APRIL 2024
195,841
12.511
115,547
323,899
324,078
TOTAL FUNDS AT 31 MARCH 2025
215,488 £
15,679 £ 110,163 £ 341330 £ 323,899
14

THE FRIENDS OF THE CITY CHURCHES
BALANCE SHEET
As at 31 March 2025
Notes
2025
2024
FIXED ASSETS
Investments
110,163
115,547
CURRENT ASSETS
Stocks
Debtors
Cash at bank and in hand
1,289
19,560
273,696
294,545
2,068
18,434
244,844
265, 346
12
CREDrroRS: amounts falllng due
within one year
NET CURRENT ASSETS
13
(45,9581
248,587
(41,810)
223,536
TOTAL ASSETS LESS CURRENT
LIABILITIES
368,750
339, 083
CREDITORS: amounts falllng due
after one year
14
(17,420)
(q5,184)
TOTAL NET ASSETS
341,330
£ 323, 899
FUNDS
Unrestricted funds:
Designated funds
General fund
15
15
968
214,520
215,488
15,679
110,163
£ 341,330
1,556
194,285
195,841
12,511
115,547
£ 323,899
Restricted funds
Endowment funds
15
15
The financial statements have been prepared in accordance with section la of the Financial Reporting
Standard 102.
The financial ststements were approved, and authorised for issue, by the Board of Trustees on 3 September
2025 and signed on their behalf by'.-
David Jessop
David Jessop, Acting Chairman of the Trustee¢
The annexed notes form part of these financial statements
15

THE FRIENDS OF THE CITY CHURCHES
NOTES TO THE FINANCIAL STATEMENTS
For tho year ended 31 March 2025
1. ACCOUNTING POLICIES
Basls of prnparatlon of ffnanclal statom•nts
The financlal statements of the chartty, vthlch Is a public b8n8fit 8ntity under FRS102. have been
prepared under the historical cost convention, except for investments which are included at market
value and the revaluatlon of certaln fixed assets. They have been prepared in accordance with
applicable United Kingdom accounting standards, the requirernents of the Statement of Recommended
Practice 'Accounting and Reportlng by Charltles, (SORP 2019), In accordance with the Flnanclal
Reporting Standard applicable in the UK {FRS 102) applicable to smaller entities and the Charities Act
2011. The presentational currency of the financial 8tat8ments is Pound Sterllng {£).
The Trustees consider that there are no material uncertainties about the Trust's abilty to continue as a
going concem.
Entlty status
The Friends of the Cty Churches is a CIO, a Charttable Incorporated Organlsatlon.
Cash Flow
The financial statements do not include a cash flow statement because the charity , as 8 small reporting
entity, Is ex8mpt from th8 requirement to prepare such a statement under the FRS102.
Fund accountlng
General funds are unrestrfcted funds which are avallable for use at the discretion of the Trustees In
furtherance of the general objects of the Charity and which have not been deS￿nated for other
purposes.
Designated funds comprlse unrestricted funds that have been sèl asSde by the Trustees for partlcular
purposes. The alm and use of each deslgnated fund Is set out In the notes to tha financlal Statements.
Restricted funds are funds which aro to b8 us8d in accordance with ypeciflc restrictions imposed by
donors whlch have been ralsed by the Charlty for partlcular purposes. The cost of admini5terfng such
funds are charged against the specific fund. The aim and use of each restricted fund18 set out in the
notes to the financial statements. Statutory grants which are glven as contributions towards the
Charltls core servlces are tr8ated as unrestricted.
Incomlng resources
R8V8nue grants ar@ credlted to Incomlng resources on th8 earfler date of when they are recelved or
when they are receivable. unless they relate to a specific future period, in thich case they are d8ferred.
All olher incoming resources ere included in the Statement of Financial Activities (SOFA) when the
charity is legally entitled to the income and the amount Can be quantified with reasonable accuracy.
Investment Income is recognised on an accruals basis.
Income Lqx recoverable In relatlon to Investment Income or Gfft Ald donations is recognised at th8 tim8
the relevant income is receivable.
Other Sncome Is Included In the Statement of Flnanclal Actlvltles when the Charity is legally entitled to
the income and the amount can be quantified with reasonable accuracy.
16

THE FRIENDS OF THE CITY CHURCHES
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2025
Resources Expended
All expenditure is accounted for on an accruals basis and has been Induded under expense categories
that aggregate all costs for allocation to activities. Support costs. including governance costs, which
cannot be directly attributed to particular activities, have been apportloned proportionately to the direct
staff costs allocated to the activities. Govemance costs include the costs of servicing TTUStees'
meetings. audit and strategic planning. Irr8COVorable VAT Is charged against the category of
resources expended for which it was incurred.
Debtors
Trade and other debtors are recognised at the settlement amount du& after any trade discount offered.
Prepayments are valued 81 the amount prepaid net of any trade discounts due.
Cash at bank and In hand
Cash at bank and cash In hand Indudes cash and short term hlghly Ilquld Investments with a short
maturity of three months or les8 from the date of acqui8its.on or opening of the deposlt or similar
account.
Crndltors and provlslons
Credltors and provlslons are recognlsed where the charity h8s a pr6s8nt obligation resultlng from a past
event that will probably r68uIt In the transfer of funds to a thlrd party and the amount due to settle the
obllgatlon can be rneasured or estimated reliably. Creditors and provisions are nomially recognlsed at
their settlement amount after 811owlng for any trade dlscounts due.
Flnanclal Instruments
The charity only has financlal assets and flnanclal Ilabllrtles of a klnd that quallfy as basic financial
instruments. Baslc financlal Instruments are initially re¢ognis•d at tr8ns8Ction value and subsequenlly
measured at thelr settlement value.
Judgements and k•y sourc•s of Osdmarfon uncortalnty
Judgements and key sources of estimation uncertainty are detailed in the above accountlng pollcles,
where applicable.
2. DONATIONS AND LEGACIES
Unrnstrlctèd
Funds
2025
Restrlcted Endowment
Funds
Fund8
2025
2025
Total
Funds
2025
Total
Funds
2024
Donations
Legacie8
19,760
49,054
68,814 £
19.760
49.054
22.324
23.160
Nil £
Nll £
68,814 £
45,484
17

THE FRIENDS OF THE CITY CHURCHES
NOTES TO THE FINANCIAL STATEMENTS
For the yoar ended 31 March 2025
Comparatlv• donatlons and legacles
Unrestricted
Funds
2024
Restricted
Funds
2024
EndoWn￿nI
Funds
2024
Total
Funds
2024
Donaticins
Legacles
19.825
23.160
42, 985 £
2,499
22,324
23,160
45,484
Nil £
2.499
3. INCOME FROM OTHER TRADING ACTIVITIES
Unrestrlcted
Funds
2025
Restrfctsd
Fund8
2025
Total
Funds
2025
Total
Funds
2024
Rentsl Income
Trading income
,172
1,961
10133 £
8,172
1,961
10133 £
qO,812
1,802
12,614
Nll £
Comparatlve Incom• from other tradlng actlvltles
Unrestricted
Funds
2024
Restrict6d
Funds
2024
Total
Funds
2024
Rental income
Tr8ding income
10,812
7.802
12.614 £
10,812
1.802
Nil
12,614
18

THE FRIENDS OF THE crry CHURCHES
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2025
4. INVESTMENT INCOME
Unrnstrlcted
Funds
2025
Restrleted
Funds
2025
Total
Funds
2025
Total
Funds
2024
Interest recelvable from:
Investments
Bank interest
3.168
3,168
9,718
12886 £
3, 100
6,289
9,389
9.718
9,718 £
3,168 £
Comparatlve Invostment Income
Unrestrlcted
Funds
2024
Restrlcted
Funds
2024
Totel
Funds
2024
Inter8St r8C8Nabla fmm."
Fixed Interest Investments
B8nk Interost
3,100
3, 100
6.289
9,389
6,289
6.289 £
3.100
5. INCOME FROM CHARITABLE ACTIVITIES
Unr•strlct•d
Fund8
2025
R•$trf¢t•d
Funds
2025
Total
Funds
2025
Tot81
Funds
2024
Membèrship f888
Fee income
21.344
7.435
21,344
7,435
Nll £ 28,779 £
22.733
6,164
28.897
28779 £
Comparatlve Income from charltablo 8Ctlvltles
Unrestricted
Funds
2024
Restricted
Funds
2024
Total
Funds
2024
Membership fees
F88 incom8
22, 733
6,164
28,897 £
22, 733
6,164
28,897
Nil

THE FRIENDS OF THE ciry CHURCHES
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2025
6. RESOURCES EXPENDED
Grnnt
funding of
artlvltles
Other dlreGt
osts
Support
costs
Total
2025
Staff cost•
Cost of charltable actlvltles
Total charitable
expenditure
Fundraising trading: Cost
of goods sold and other
costs
26,964
15,505
36,269
95.979
26,964
15.505
36,269
17,241
95.979
1,818
15.505 £ 38,087 £
1,818
97,797
26.964 £
17,241 £
Comparatlve r•sourGes oxp•ndgd
Grant
funding of
a￿1ville6
Other dirèct
Gosts
Support
Costs
Total
2024
Steff Gosts
Cost of charitable
activities
Tot81 charit8ble
expendlture
Fundraising tradlng.. Cost
of goods sold and other
costs
26.100
19,570
47,913
12.583
106, 166
26,100
19,570
47,913
12,583
106, 166
117
48030 £
117
12,583 £ 106,283
26.100 £
19,570 £
7. SUPPORT COSTS
Tot•1
2025
Tot81
2024
Gov8rnance costs
Independent examination
Other Profession Fees
Insurance
General overheads
Website and assoGiated costs
265
3.840
4,143
944
4,393
3,656
17,241
345
2,400
9(
4,978
3,959
12,582
20

THE FRIENDS OF THE CITY CHURCHES
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2025
8. STAFF NUMBERS AND COSTS
2025
2024
Wages and salarfes
Pension costs
14.893
612
15,505 £
18,683
887
19.570
Average number of emplyees
No employee received remuneration of more than £60.000.
The key management personnel of the Charity are those persons having authority and responsibility for
plannlng, dlrectlng and controlllng the actlvStles of the Charlty, dlrectly or indirectly, including any
Trustee of the Charity. In addition to the Trustees, key management personnel includes the Principal
Offlc8r8. Aggregate remuneratlon and b8nefits pald to key management personnel durSng the year
amounted to £NIL {2024- £NIL).
9. TRUSTEES REMUNERATION AND BENEFITS
During th8 year, no membors of the Board of Trustees r8celv8d any rernuneratlon {2024 - £NIL).
One member of the Board of Trustees recelved relmbursement of expenses of £78 for printing costs
(2024- £NIL).
10. Taxatlon
The Friends of the City Churches is a registered charity and is potentially exempt from taxation In
respect of Income and capttal galns recelved wlthln the categories covered by Part 11 of the
Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent
that such income or gains are applied to charitable purposes.
11. INVESTMENTS
2025
2024
Cost
At 1 April 2024
Additions
Unr8alls8d gainsflosses
At 31 March 2025
115,547
103.327
2.500
5.384
9. 720
£ 110 163 £ 115.547
21

THE FRIENDS OF THE CITY CHURCHES
NOTES TO THE FINANCIAL STATEMENTS
For the year anded 31 Mareh 2025
12. DEBTORS
2025
2024
Duo wlthln ono year
Prepayments
Other debtors
5,612
13,948
19560 £
5,479
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Trade creditors
Other creditors
Accruals
1,964
2,893
41,101
45,958 £
1.140
2,074
41.810
14. CREDrroRS: AMOUNTS FALLING DUE AFTER ONE YEAR
2025
2024
Deferred income- Lrfe membershlp
15, 184
15,184
17420 £
22

THE FRIENDS OF THE CITY CHURCHES
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2025
15. STATEMENT OF FUNDS
Tran8fers and
Resources
investment
Expendgd galnsl(lossas)
Brought
Forward
Incoming
Resources
Carried
Forward
DESIGNATED FUNDS
Textile fund
1,556
577
{1,165)
968
Nll £
968
RESTRICTED FUNDS
Melba Coombes Fund
Church Recording Society
Fund
11,825
3,161
14,986
686
693
12,511 £
3,168 £
Nll £
Nll £
15,679
SUMMARY OF FUNDS
Designated Funds
General Funds
1,556
194,285
195,841
12,511
115,547
£ 323 899 £ 120,612 £
577
116,867
117,444
3,168
11.165)
968
214.520
215,488
15,679
110,163
£ 341330
(97.797)
Restrlcted Funds
Endowment funds
(5,384)
5,384
97.797
Comparatlve stat•ment of funds
Transfers and
Resourc08
Inv•stment
Expended yalns/(Ioss•8)
Bmught
In¢omlng
Fornard R•$our¢•8
Garrled
Forward
DESIGNA TED FUNDS
Texlile fund
1,556
1,556 £
1,556
Nll £
Nll £
Nll £
RESTRICTED FUNDS
M81ba Coombes Fund
Church Recordlng Soclety
Fund
8,732
3,093
11.825
679
9,411 £
Nll £
Nll £
12,511
SUMMAR Y OF FUNDS
Designated Funds
Gener81 Funds
1.556
209.783
211.339
9.411
1,556
194.285
195.841
12.511
90.785
90.785
3,100
106.283
(106.283)
Restricted Funds
Melba Coombgs
End0￿￿ent funds
103,328
2,499
9,720
115,547
£ 324.078 £
106.283
9.720 £ 323.899
23

THE FRIENDS OF THE CITY CHURCHES
NOTES TO THE FINANCIAL STATEMENTS
For Ihe year ended 31 March 2025
16. ANALYSIS OF NEf ASSEfs BETWEEN FUNDS
Unrestrlcted Funds
D•signated
General
Funds
Funds
Restrictsd Endowmont
Funds
Fund8
Total
Funds
Flxed asset 5nvestments
Net current assets
Creditors due in more than
one y88r
110,163
121,777
110,163
248,587
968
15,679
110,163
(17,420)
968 £ 214,520 £
117,420)
15,679 £ 110163 £ 341,330
Comp8r8tlve anslysls of net assets betW88n lunds
Unrestricted Funds
D8slgn8t8d
G8n8r81
Funds
Funds
Restricted Endowment
Funds
Funds
Tot81
Fund8
Fixed asset investmgnts
Net curnent assets
Creditors due in more than
one y&8r
115,547
107, 989
Iq5,547
223,536
115,547
(15, 184)
Nll £
(15,184)
Nil £ 115,547 £ 323.899
Nll £
24

THE FRIENDS OF THE CITY CHURCHES
NOTES TO THE FINANCIAL STATEMEKrs
For the year ended 31 March 2025
17 COMPARATIVE STATEMEKf OF FINANCIAL ACTIVITIES
Unrestricted
Funds
2024
Restricted
Funds
2024
Endowment
Funds
2024
Total
Funds
2024
INCOMEAND ENDOWMENTS FROM:
Donations and legacies
Charitable actNiti8S
Other trading actlvltles
Investrnents
TOTAL
42.985
28,897
12,614
6.289
90, 785
2.499
45,484
28.897
12.614
9,389
96,384
3. 100
3, 100
2.499
EXPENDITURE ON:
Ralslng funds
Fundraising trading.. Cost
of goods sold and other
costs
Ch8ritable acttvities
TOTAL EXPENDITURE
117
106. 166
106,283
117
106, 166
106,283
Net exp6ndlture before galns
and losses on investments
Unreallsed Movgment on
Inv88trnent8
(15,498)
3,100
2,499
(9,899)
9. 720
9, 720
NET MOVEMENT IN FUNDS
(15.498)
3.100
12,219
(179)
TOTAL FUNDS AT 1 APRIL 2023
211,339
9.411
103,328
324.078
TOTAL FUNDS AT 31 MARCH 2024
£ 195,841 £
12,511 £ 115,547 £ 323,899
25