2023-12-31-accounts - The Friends Of Kent Churches

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FOR THE YEAR ENDED	31DECEM	BER 202	3
			Unrestricted	Restricted	Total	Total
			General	Funds	Funds	Funds
		Notes	Fund		2023	2022
			E			E
INCOME FROM:		(lc, 2)
Donations and legacies			88,113		88,113	152,054
Charitable activities
RBrS sponsored cycle ride			138,463		138,463	129,407
Membership and events			10,174		10,174	10,794
Investments			16,930		16,930	10,608
TOTAL INCOME			253,680		253,680	302,863
EXPENDITURE ON:
Raising funds		(lg, 5)	6,568		6,568	6,410
Charitable activities		(Ih, 3)
Grants and distributions	to churches		215,446		215,446	208,931
Membership and events		(5)	4,463		4,463	4,770
TOTAL EXPENDITURE		(Id, It)	226,477		226,477	220,111
Net gains/(losses) on investments			11,033		11,033	(66,825)
NET MOVEMENT IN FUNDS			38,236		38,236	13,427
RECONCILIATON OF FUNDS:
Total funds brought forward			594,661		594,661	581,234
TOTAL FUNDS CARRIED FORWARD			632,897		~63289	594661

FO	R THE YEAR ENDE	R THE YEAR ENDE		D	31DECEM	BER	2023
2)	INCOME FROM:						Unrestricted	Restricted	Total	Total
							General	Funds	Funds	Funds
							Fund		2023	2022
									E
	Donations and legacies
	Donations						4,756		4,756	3,853
	Grants						2,405		2,405	2,969
	Legacies						80,952		80,952	142,732
							88,113		88,113	149,554
	Charitable activities
	Sponsored	cycle ride					138,463		138,463	129,407
	Membership	and events					10,174		10,174	10,794
							148,637		148,637	140,201
	Investments
	Interest on	deposits					7,817		7,817	1,572
	Investments	listed	on		the Stock Exchange		9,113		9,113	9,036
							16,930		16,930	10,608
	TOTAL INCOME						253,680		253,680	300,363
	2022						302,863	(2,500)	300,363
3)	EXPENDITURE ON CHARITABLE ACTIVITIES
										E
							Charitable	Support and	Total	Total
	Activities undertaken			in order to meet		the	Activities	Governance	2023	2022
	objectives of	The Friends to promote the						(see note (5))
	preservation	ofchurches:
	Funded from	unrestricted funds:
	Grants to churches		(see note 4)				152,259	7,176	159,435	156,757
	Sponsored R8rS cycle			ride: distribution		to
	churches						56,011		56,011	54,119
	John Briggs	memorial			lecture					555
	Membership	and events					2,983	1,480	4,463	4,771
	Total						211,253	8,656	219,909	216,202
	Funded from restricted				funds:
	Grants to churches		(see note 4)							(2,500)
	2022:	Unrestricted					206,396	9,805	216,201
		Restricted					(2,500)		(2,500)
		Total					203,896	9,805	213,701

GRANTS APPROVED AND	GRANTS APPROVED AND	GRANTS APPROVED AND	CONCESSIONARY	CONCESSIONARY	LOANS	OUTSTANDING	OUTSTANDING
							Unrestricted	Restricted	Total
GRANTS APPROVED							General	Funds
							Fund
During 2023, in meeting the objectives ofThe					Friend	s to	promote the pre	servation
ofchurches,	the following		grants to	Churches	in Ken	t were approved.
							E		E
Barham		St	John the	Baptist			4,000		4,000
High Halstow		St	Margaret				500		500
Linton		St	Nicholas				10,000		10,000
Maidstone		United Reformed Church					7,000		7,000
Milton Regius		Holy Trinity					7,000		7,000
Sandhurst		St	Nicholas				6,000		6,000
Shipbourne		St	Giles				10,000		10,000
Stone		St	Mary the	Virgin			5,000		5,000
Tenterden		St	Mildred				7,000		7,000
Welmer		St	Saviour				11,000		11,000
Welling		St	Mary the	Virgin			500		500
West Mailing		Pilsdon Community					1,000		1,000
Womenswold		St	Margaret	ofAntioch			7,500		7,500
Ashford		St	Francis Chapel ofEase				500		500
Biggin Hill		St	Mark				3,000		3,000
Doddington		Beheading ofJohn the			Baptist		1,500		1,500
Gillingham		St	Barnabas				3,500		3,500
Gillingham		St	Mary Magdalene				20,000		20,000
Hemhill		St	Michael				1,500		1,500
Lamorbey		Holy Trinity					500		500
Ramsgate		St	George the Martyr				20,000		20,000
Staplehurst		United Reform Church					1,500		1,500
Swanscombe		SSPeter 85		Paul			22,500		22,500
Thanington		St	Nicholas				1,500		1,500
Wye		St	Gregory BsSt Martin				5,000		5,000
GRANTS APPROVED 2023							157,500		157,500
Less grant offers declined/lapsed							(5,241)		(5,241)
NET GRANTS APPROVED			2023				152,259		152,259
NET GRANTS APPROVED			2022				148,778	(2,500)	146,278
CONCESSIONARY		LOANS

FO	R THE YEAR ENDED 31	R THE YEAR ENDED 31	R THE YEAR ENDED 31	DECEMBER 202	DECEMBER 202	3	3
5)	ANALYSIS AND ALLOCATION			OF GOVERNANCE		AND		OTHER SUPPORT COSTS
	Unless otherwise	stated,	costs are split approximately				according		to the time spent by the Trustees.
	This is taken to be 20%raising funds,				20'/o membership			and events and 60'/o grant making activities
					8			5		5	8
					Chantable			Activrties		Raising	Grand	Notes on allocation
					Grant	Member				Funds	Total
					maldng		ship
	Governance:
	Independent Examination			Fee	810			270	1,080	270	1,350
	Cost ofmeetings				135			45	180	45	225
	Annual Report				936			312	1,248	312	1,560
	Investment Management		charges		3,513				3,513		3,513	100'/ Grant Making
	Bank Charges				60				60		60	100%Grant Making
	Insurance							280	280		280	100%Membership
	Newsletter dr other communications				1,349			450	1,799	450	2,249
	Ride &Stride event									5,367	5,367	100%Raising Funds
	Website				209			69	278	70	348
	Miscellaneous				164			54	218	54	272
	Total				7,176		1,480		8,656	6,568	15,224
	The equivalent figures for 2022 are:
	Governance:
	Independent Examination			Fee	748			250	998	250	1,248
	Cost ofmeetings				135			45	180	45	225
	Annual Report				908			303	1,211	303	1,514
	Investment Management		charges		3,215				3,215		3,215	100'/o Grant Making
	Bank charges				83				83		83	100/o Grant. Makrrrg
	Insurance							280	280		280	100o/ Membership
	Newsletter				1,506			502	2,008	502	2,510
	Ride & Stride event									4,853	4,853	100o/ Raising Funds
	Equipment				1,307			435	1,742	435	2,177
	Miscellaneous				77				88	22	110
	Total				7,979		1,826		9,805	6,410	16,215

FO	R THE YEAR END	ED 3	1DECE	MBER 2023
						2023	2022
10)	INVESTMENTS (All U.K.based)
	Quoted Securities
	- Opening Valuation					324,642	402,529
	- Purchase ofInvestments					49,250	9,657
	- Surplus / (Deficit) on Revaluation			ofInvestments		13,312	(66,402)
	- Gains / (Losses) on Disposal ofInvestments					(2,279)	(423)
	- Disposal ofInvestments					(18,978)	(20,719)
	—Closing Valuation					365,947	324,642
	The cost ofthe investments		as at the	Balance Sheet
	date was					342,826	314,970
	The Investments consist of		the following assets;
	—Quoted Securities					267,023	210,816
	—Fixed Interest					41,516	48,559
	Unit Trusts					37,408	45,267
	National Savings	Income	Bonds			20,000 ~EsS~r	20,000 324,642
11)	SUNDRY DEBTORS
	—HM Revenue and	Customs				3,628	2,790
						3,628	2,790
12)	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	Unrestricted
	—Grants approved	but unpaid			(4)	172,785	152,526
	-Funds received in	error				500
	—Magee Gamon Chartered		Accounts	(Fee)		1,290	1,230
						174,575	153,756
	Restricted
	—Grants approved	but unpaid

FO	R THE YEAR ENDED 31DECE	MBER 2023
10)	INVESTMENTS (All U.K.based)
	Quoted Securities
	- Opening Valuation
	- Purchase ofInvestments
	- Surplus / (Deficit) on Revaluation	ofInvestments
	- Gains / (Losses) on Disposal ofInvestments
	- Disposal ofInvestments
	—Closing Valuation