2022-12-31-accounts - The Friends Of Kent Churches

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			Unrestricted	Restricted	Total	Total
			General	Funds	Funds	Funds
		Notes	Fund		2022	2021
INCOME FROM:		(lc, 2)
Donations and legacies			152,055	(2,500)	149,555	(10,153)
Charitable activities
RES sponsored cycle ride			129,407		129,407	134,542
Membership and events			10,794		10,794	9,417
Investments			10,607		10,607	9,197
TOTAL INCOME			302,863	(2,500)	300,363	143,003
EXPENDITURE ON:
Raising funds		(lg, 5)	6,410		6,410	3,871
Charitable activities		(111,3)
Grants and distributions	to churches		211,431	(2,500)	208,931	169,424
Membership and events		(5)	4,770		4,770	3,546
TOTAL EXPENDITURE		(ld, It)	222,611	(2,500)	220,111	176,841
Net gains/(losses) on investments			(66,825)		(66,825)	25,480
NET MOVEMENT IN FUNDS			13,427		13,427	(8,358)
RECONCILIATON OF FUNDS;
Total funds brought forward			581,234		581,234	589,592
TOTAL FUNDS CARRIED FORWARD			594,661		594,661	581,234

2)	INCOME FROM:				Unrestricted	Restricted	Total	Total
					General	Funds	Funds	Funds
					Fund		2022	2021
	Donations and legacies
	Donations				3,853		3,853	4,073
	Grants				5,469	(2,500)	2,969	(28,884)
	Legacies				142,733		142,733	14,658
					152,055	(2,500)	149,555	(10,153)
	Charitable activities
	Sponsored cycle ride				129,407		129,407	134,542
	Membership and events				10,794		10,794	9,417
					140,201		140,201	143,959
	Investments
	Interest on deposits				1,571		1,571	110
	Investments listed	on the Stock Exchange			9,036		9,036	9,087
					10,607		10,607	9,197
	TOTAL INCOME				302,863	(2,500)	300,363	143,003
	2021				175,459	(32,456)	175,459
3)	EXPENDITURE ON	CHARITABLE ACTIVITIES
					Charitable	Support and	Total	Total
	Activities undertaken		in order to meet	the	Activities	Governance	2022	2021
	objectives ofThe Friends to promote the					(see note (5))
	preservation ofchurches:
	Funded from unrestricted funds:
	Grants to churches	(see note 4)			148,778	7,979	156,757	110,931
	Sponsored RES cycle		ride: distribution	to
	churches				54,119		54,119	56,566
	John Briggs memorial		lecture		555		555
	Membership and events				2,944	1,826	4,770	3,546
	Total				206,396	9,805	216,201	171,043
	Funded from restricted funds:
	Grants to churches	(see note 4)			(2,500)		(2,500)	1,927
	2021:				164,375	8,595	172,970

Chatham		St Paul & All Saints	2,000		2,000
East Sutton		SSPeter & Paul	8,000		8,000
Grain		StJames	12,000		12,000
Graveney		All Saints	4,000		4,000
Great Chart		St Mary	1,000		1,000
High am		St Mary	5,000		5,000
Leeds		St Nicholas	3,000		3,000
Maidstone		All Saints	25,000		25,000
Newington		StNicholas	2,000		2,000
Patrixbou	me	St Mary	5,000		5,000
Platt		St Mary	4,000		4,000
Pembury		St Peter Upper Church	7,500		7,500
Stanford		All Saints	5,000		5,000
Sutton-at	Hone	StJohn the Baptist	2,000		2,000
Teston		SSPeter & Paul	8,000		8,000
Westwell		St Mary	5,000		5,000
All Hallows		All Saints	1,000		1,000
Addisham		Holy Innocents	4,000		4,000
Boughton	Aluph	All Saints	1,500		1,500
Chatham		All Saints	10,000		10,000
Greenhithe		St Mary	22,500		22,500
Horsmonden		St Margaret	12,500		12,500
Kilndown		Christ Church	10,000		10,000
Markbeech		Holy Trinity	4,000		4,000
Meopham		South Street Baptist	1,000		1,000
Plaistow		StMary	2,500		2,500
Stalisfield		StMary	2,500		2,500
Underriver		St Margaret	5,000		5,000
Upper Deal		St Leonard	1,000		1,000
Warehorn		St Matthew	5,000		5,000
Westerham		St Mary	1,000		1,000
GRANTS APPROVED 2022			182,000		182,000
Less grant	offers declined/lapsed		33,222	2,500	35,722
NET GRANTS APPROVED 2022			148,778	(2,500)	146,278
GRANTS APPROVED 2021			103,471	1,927	105,398
CONCESSIONARY		LOANS

						R
				Charitable	Activities		Raising	Grand	Notes on allocation
				Grant Member making ship		Total	Funds	Total
Governance:
Independent	Examination		Fee	748	250	998	250	1,248
Cost ofmeetings				135	45	180		225
Annual Report				908	303	1,211	303	1,514
Investment Management		charges		3,215		3,215		3,215	100%Raising Funds
Bank Charges				83		83		83	100%Raising Funds
Insurance					280	280		280	100%Membership
Newsletter & other communications				1,506	502	2,008	502	2,510
Ride (k Stride event							4,853	4,853	100%Raising Funds
Website				1,307	435	1,742	435	2,177
Miscellaneous				77		88	22	110
Total				7,979	1,826	9,805	6,410	16,215
The equivalent	figures for	2021 are:
Governance:
Independent	Examination		Fee	734	245	979	245	1,224
Annual Report				876	292	1,168	292	1,460
Investment Management		charges		4,800		4,800		4,800	100%Raising Funds
Bank charges				97		97		97	100%Raising Funds
Insurance					280	280		280	100%Membership
Room and stall hire							150	150	100%Raising Funds
Newsletter				876	292	1,168	292	1,460
Ride & Stride	event						2,867	2,867	100%Raising Funds
Equipment				77	26	103	25	128
Miscellaneous
Total				7,460	1,135	8,595	3,871	12,466

THE FRIENDS OF KENT CH	THE FRIENDS OF KENT CH	URCHES	URCHES	URCHES	URCHES			Page 14
NOTES TO THE FINANCIAL		STATEMENTS
FOR	THE YEAR ENDED 31	DECEMBER 2022
							2022	2021
10)	INVESTMENTS (All U.K.based)
	Quoted Securities
	—Opening Valuation						402,529	380,994
	—Purchase ofInvestments						9,657	18,980
	- Surplus / (Deficit) on Revaluation				ofInvestments		(66,402)	25,103
	—Gains / (Losses) on Disposal ofInvestments						(423)	377
	—Disposal ofInvestments						(20,719)	(22,925)
	- Closing Valuation						324,642	402,529
	The cost ofthe investments		as at the		Balance Sheet
	date was						314,970	327,778
	The Investments consist of		the following assets;
	—Quoted Securities						210,816	283,519
	—Fixed Interest						48,559	39,414
	—Unit Trusts						45,267	59,596
	—National Savings Income		Bonds				20,000	20,000
							324,642	402,529
	SUNDRY DEBTORS
	—Inland Revenue						2,790	1,250
							2,790	1,250
12)	CREDITORS: AMOUNTS FALLING			DUE WITHIN ONE YEAR
	Unrestricted
	—Grants approved but unpaid					(4)	152,526	122,800
	—Magee Gamon Chartered		Accounts		(Fee)		1,230	1,212
	—Redmayne Bentley management			fee				1,008
							153,756	125,020
	Restricted
	—Grants approved but unpaid							2,500