Registered Charity No". 207021 THE FRIENDS OF KENT CHURCHES TRUSTEES, REPOIU AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 THE PRIENDS OF KENT CHURCHES TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 1 DECEMBER 2025 Conten Pages c￿￿lty details Trustees. report Independent examiner's report Statement of Fin8mci81 Activities Balance sheet io Notes to the fmancial statetnent$ 11- 17 Page I THE FRIENDS OF KENT CHURCHES TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Ch￿1 detai]s Patrons The Bishop of Rochester The Lnrd Lieutenant of Kent The Lady Kingsdown The Right Reverend Michael Turnbull CBE DL President Mrs George Bracher MBE Vice-Presidents The Hon Mrs Jennifer Raikes Mr Paul Smallwood, Hon. Secret Mr8 Carolyne Sullivan Mrs Jane Bird MA FIA Re Stered Charit Number 207021 National Westsninster Bank plc 3 High Street Maidstone E14 IXU CAF Bank 25 Kings Hill Avenue Kings Hill West hlIalling ME19 4JQ Inde endent Examiner Mr Steven Wanst8Jl FCCA Magee Gammon Henwood House Henwood A8hford TN24 8DH stered Office PgTronage Fam House Yalding Maidstone ME18 6HG THE FRIENDS OF KENT CHURCHES TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 Ob'ectives and activities The object of The Friends is to promote the preservation of churches in the county of Kent ts)re-ApTiI 1965 boundaries) and to help maintain in good order their fabric and r￿eS of special importance and to provide the facilities necess8ry to keep them in use. The Friends furthers its charitable purposes for the public benefit through its grant-mgking policy, providing grants to churches undertaking repairs to their fabrie or insta]]ing facilities which are unable to fund such works themselves, by providing short tenn loans to churches carrying out works which have a temporary shortfall in income, by lostering interest in Kent's ehurehe$ through w$its and lecbjres for members and sponsoring a fund-raising event by a Kent church each year. By providing grants The Friends a5SLSt churches to keep their buildings in good repair and prevent further damage, ensuring that these churches are preserved for future use for religious and community purposes amd for the enjoyment of visitors. Grants go towards repair projects where churches have a shortfall in funds. Since May 2016 grants may also go towards installing fa¢ilitie$ to ensure greater u8e of the church where a small grant wryll make a big difference to a church. The graJ]ts sub-cornn)ittee visits all churches that apply to see what work needs doing, and see ¢opie$ of the church's accounts before recommending grant offer6 to the Executive Committee. All COrnEnittee members, including those who assess grant applications, organise ￿81t$ and lectures arld organise the Ride & Stride are volunteers and are unpaid. Policies Grant makin The policy foT grgJit malong 18 that up to 27.5 % of unrestricted Teserves as at 1st Jgrluary each year shall be made available for grants during the ensuing year. Grants approved but unpaid uqll be excluded from this calculation. The amount of money pgid out in grents if necessary. be further restricted to maintain a minimum level of reserves at or above £300,000 at the start of any one year. The proportion of 27.50/0 has been chosen to ensure that a Enore than adequate reserve will be held in the charity to maintain its objectives. This policy is intended to maintain a steady amount available for grant giving from year to year, so that there no major tluctuations in the event of receiving a legacy or a sudden drop in sum$ raised by the Ride & Stride. It is $ubje¢t to regular rewew by the Executive Committee. The eurrent figure of 27.5 /0 produces a sum larger than usual annual income from the Ride & Stride and donations and as a result reserves decrease during the years in which there are no exceptignal item8 of income such as large legacies whilst ensuring that stability is maintained. Fund-rdisin The Friends fund their grants programme through the Ride & Stride and from investment incotne, legacies and donations. Members. activities are funded from members, subscriptions and Charges for events. The Executive Committee strives to ensure that costs are kept to a minimum. Minirnal costs are claimed and the Ride & Stride subcommittee continually keep their costs under review to ensure that they are kept to a minimum compatible ￿ryth the smooth running of the event. All Ride & Stride sponsorship, other donations and all legacies go to Kent's churches. Members, subscriptions and fees for ￿$It$, whilst low, are always checked to n￿e sure that a]1 related costs are covered over the course of the year in question. The Trustees confinn that they have referred to the guidarlce cont8ined in the ChaTity Cornmission's general guidance on public benefit when reviewing the CEwity's objective$ and policie$, and in planning future activities. P8ge 3 THE FRIENDS OF KENT CHURCHES TRUSTEES, REPORT FOR THE YEAR ENDED 3 1 DECEMBER 2025 Continued Structure vemarlce and mana ment The Friends of Kent Churches operates under a constitution most recently revised tn 2022. It 18 a registered Ch￿lty, number 207021. The charity is ￿aTraged by an Executive Committee. Mernber8 of thi$ Conllnittee are elected at the Annuaj Generaj Meeting for terms of three years. Additional mernbers can be co-opted onto this committee in accordance with the ¢oa$titution. The Executive Comn3ittee elects its chairnLan and w¢e-chairman frora amongst its members. Executive Commlttee members nornially also elected as TnLStees by the AT￿Ual Generaj Meeting. All new Trustees receive an induction through discussion with other Trustees and encouraged to visit diffeTent projects and events. They are already fully familiar with the objectives and work caThied out by The Friends. Records are made available including: Documents which set out po]ieie$ of the operation fraJnework of the charity; Minutes of Committee meetings grld the Annual General Meeting. Financial inforniation and annual accounts. Future plerls. ev l Grant rnaking The number of grant applications continued at a reasonable level in 2025. However, churches still struggle to raise the funds for laTge projects. There severaj reasons for this. Declining congregation$ Enake it less likely that churches have the hurnan resources to raise funds and manage Significant projects. building costs have risen substantially in the last two years. and some grant-giving Ch￿LtieS which fomerly supported church repair projects no longer do so. The l¥lationaI Lottery Heritage Fund has increased its funding of church repairs, which 1$ very welcome, but its pro￿aMme is much smaller than that of the period 2010-2016. Where churches succeed in raising money now it tends to tgjie longer than in the past and they are more dependent on fund-rai8ing from their local community. The Friends paid out £125,18612024 £165.500I in grants to churches in 2025 on completion of work caThied out and holding £200,81412024 £154,000) in reserve pending eompletion of building works when grants offered become payable. During the Ye￿ 37 successful applications were made for help and grants were offered amounting to £176,50012024 £169,500). Two grgnt offers totalling £4,500 were declined or lapsed as work was not proceeding. One loan was outstanding V4t the start of the Ye￿ end was repaid during the year. There were no loans outstanding at the end of the year. 2 Raising funds Ride & Stride had another suceessful yeaT, and the arnount raised was up on 2024. The event raised £130,78912024 £129,5281. Of this 8mount £64,54 1 12024 £65,214) was returned to the churches of the participants, choice. £42,642 Gift Aid was also received in the year from the 2024 erld 2025 Ride & Stride events. Page 4 THE FRIENDS OF KENT CHURCHES TRUSTEES, REPORT FOR THE YEAR ENDED 3 1 DECEMBER 2025 Continued 3 Membership And events The Executive Committee remains keen to increase membership of The Friends because a larger membership increase legitimacy, influence and income. In 2025 we again made a special effort to increase membership by distributing to around 700 churches and chapels in the county a supply of membership leafiets. Our memberthip continued to increase at a steady rate so that by the end of 2025 we had oveT 800 rnernbers, including individuals and churches, the highest totsl in recent years. Four tOUTS were organised for members to a totsj of twelve churches, the Annu8J Generaj Meeting taJ • observe the methods and principles of the Charities SORP IFRS 1021; • make judgments and accounting estimates that reasonable and prudent. • state whether applicable UK Accounting Standards IFRS 1021 have been followed, subject to any material departures disclosed and explained in the fmancial Statements. ' prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity continue in busine8S. The Trustees are responsible for keeping adequate accounttng records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at time the fm8nciaJ position of the Ch￿lty and enable them to ensure that the f￿ancIal statements eomply with the Charities Act 2011, the ch￿ltY (Accounts and Reports) Regulations 2008 and the provisions of the Trnst deed. They are also responsible for saleguaJding the assets of the Ckwity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report was approved by the Trustees and st￿￿ed on their behajf by.. Sir Paul Britton CB CVO ChairnwA and TNstee Date.. 2L:.¥.. ZD2 Page 7 THE FRIENDS OF KENT CHURCHES INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE FRIENDS OF KENT CHURCHES I report to the charlty Trnstees on my eXami￿tion of the accounts of The Friends of Kent Cburches (the Trust) for the year ended 31 December 2025, which are set out on pages 9 to 17. Res onsibilities and basis of re As the charity trustees of the Trust you are responsible for the preparation of the aeeounts in accordance with the requirements of the Charities Aet 2011 l*he 2011 Aet'l. I report in respect of rny exarni￿tion of the Charity's accounts caThied out under section 145 of the 2011 Act arld in canying out my ejtamination I have followed all the applicable Directions given by the Charity Cornrni88ion under section 14515llbl of the 201 l Act. Inde endent examiner's statement Since the Charity's gross income exceeded £250,000 your examiner must be a meEnber of a body ]isted in section 145 of the 2011 Act. I confxrni that l am qualified to undertake the exÈrnination because l am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. Your attention is drawn to the faet that the Charity has prepared the accounts in accordance with Accounting and Reporting by Ch￿Lties.. Statement of Recommended Practice applicable to ch￿ltieS prep￿ing their accounts in accordarlce with the Financial Reporting Stand￿d applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporttng by Charities.. State￿ent of Recommended Practice issued on l April 2005 which is referred to in the extant regulations but has been Withdra￿￿. l understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after l January 2015. I have completed my examination. I confjrni that no material matters have Come to ￿Y attention in conneetion with the examination giving rne cause to believe that in any llwterial respect: accounting recoTds 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 3. the accounts do not comply the applicable requirements concerning the form and content of accounts set out in the Ch￿ltieS (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 WAth the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Page 8 THE FRIENDS OF KENT CHURCHES INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE FRIENDS OF KENT CHURCHES Continued This Teport is ￿ade solely to the Charity's Trustees, as a body. in accordance Part 4 of the Chgrities IAccount$ and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charlty's Trustees those matters l 8Jn required to state to the￿ in an Independent Examin&s report and for no other purpose. To the fullest extent permitted by law, Ido not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body> for my work or foT this Teport. Mr Steven Wanstall FCCA Magee Gammon HenMTood House Henwoi>d Ashlord TN24 8DH Date". ,1 2ts21 PgEe 9 THE FRIENDS OF KENT CHURCHES STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025 Unre8tricted General Fund Restricted Funds Yotsl Funds 2025 Total Funds 2024 Notes INCOME FROM: Ilc, 21 Donations and legacies Ch8Jitable activities R&S sponsored cycle ride Membership and events Investment8 12,283 12,283 19.450 173,43 1 10,76 1 26,043 173.43 1 10,76 1 26,043 150,145 16,151 28,594 TOTAL INCOME 222.518 222,518 214,340 EXPENDmE ON: Raising lunds Charitable activities Grants and distributions to churches Ilg, 51 Ilh, 31 5,688 5,688 6.039 241,231 4.452 241,231 4,452 217,774 8,293 Membership and events 151 TOTAL EXPENDITURE Ild, 14 251,371 251,371 232,106 Net gain81Oossesl on investments 117,3831 117,3831 LO,187 N￿r MOVEMENT IN FUNDS 146,2361 146,2361 17,5791 RECONCILIATON OF FUNDS.. Total fund5 brought forward 625,318 625,318 632,897 TOTAL FUNDS CARRIED FORWARD All activities relate to continuing operations. The notes on pages I I to 17 forni part of these financ&al statements. P8ge 10 THE FRIENDS OF KENT CHURCHES BALANCE SHEET AT 31ST DECEMBER 2025 UnrestTiCted Restrict Funds Funds Totsj Funds 2025 Tot81 Furjds 2024 Notes FJXED ASSETS Investrnents Ill, 101 365,763 365,763 383,146 TOTAL FIXED Assyrs 365,763 365,763 383,146 CURREwf ASSETS Concessionary 108n Debtors CaBh at b9nk 5,000 3.000 389.528 13,745 401.948 13,745 401,948 Ilk) TcYfAL CURREwf ASSETS 415,693 415.693 397.528 LIABILITIES Creditors.. Amounts f8J]ing due within one yeAr 111. 121 202,374 202,374 155,3S6 NET CURRENf ASSETS 213,3 19 213,319 242,172 TOTAL NET ASSETS 579,082 579,082 625,3l8 THE FUNDS OF THE FRIENDS.. Restritted funds Unrestricted funds 1131 1131 579.082 579.082 625.318 TOTAL OF THE FRIENDS, FUNDS The fjnanciaj statements were approved by the Trustces 9￿d signed on their behglf ty. Mr Richard L&tham The notes on pages 1 I to 17 p&rt of these financial state￿¢￿1$. Page 11 THE FRIENDS OF KENT CHURCHES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 1 DECEMBER 2025 ACCOUNTING POLICIES The princip81 accounting policies Adopted iti the preparation of the financial statements are set out below: al Basis of preparation of the financial statements. The fmancial statements have been prepared in aecordance the Charities SORP IFRS 1021- Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities prep￿ing their accounts in accordarLce with the Finajicial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeetive l January 20191, the Financia] Reporting Stand￿d applicable in the UK and Republic of Ireland (FRS 1021 orld the ch￿ltieS Act 2011. The financial statements have been prepared to give a 'trne and fair. view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a'trne and fair, view. This departure has involved following the Charities SORP IFRS 1021 pub]ished in October 2019 rather than the A¢¢oun1ing and Reporting by ch￿LtieS.. Statement of Recommended Practice effective Irom l April 2005 which has since been withdrawn. The Friends of Kent Churches meets the defmition of a public benefit entity under FRS 102. As8etS 81Jd liabilities 8re initia]ly reco￿1¥ed at historic8J cost or transaction v8Jue unless othenvise stated in the relevant aceountÉng po]icy. bl Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the dwity and which have not been deSi￿ted for other purposes. Restsicted funds are funds which aTe to be used in accordance with specific restrictions imposed by donors. The cost of r￿sing and administering such funds are charged against the general lunrestrictedl funds. The airn arld use of each restricted fund is set out in note cl Income recognition All income including donations 18 Fecognised once the eharity ha8 entitlement to the income, it is probable that the income will be received and the amount of income receivable cgn be measured reliably. Gifted assets received included at vgjuation if material. Legacy gifts are recognised on a ¢a$e by case basis following the granting of probate when the administrator/executor for the estate has communicated in WTiting both the amount aJLd settlement date. Interest on funds held on deposit is included when receivable and the amount Can be easured reliably by the charity., this is norn]ally upon notification of the interest paid or payable by the bank. Dividends are recognised once the dividend has been declared arld notification has been reeeived of the dividend due. This is nomally upon notification by onr investsnent adviwr of the divldend yield of the investment portfo]io. dl Expenditure recognition Liabi]itie$ are re¢ogni$ed a$ expenditure as soon as there is a legal or con$tructtve obligation cornmitting the ch￿lty to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All Lxpenditure is aeeounted for on an aecruals basis. All expenses ineluding support eosts and governgnce costs are allocated or apportioned to the app]icable expenditure headxngs. For more information on this refer to note151. Page 12 THE FRIENDS OF KENT CHURCHES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Grant offers are accrued once the Trustees have approved the offers. (Irants offer5 are subject to the satisfactory evidence being submitted of the completion of the work. Grants are payable ￿thin two years. once satisfactory evidence has been submitted of the completion of the works. As this is often i￿thin one year, no discount rate is applied. el Volunteers The charity relie$ on support trom volunteers who are unpaid. The value of the volunteers, time is not included in the SOFA. Allocation of govemance and other support costs Support costs have been allocated between governance costs and other support costs. Governance costs comprise all costs involving the public accountability of the ch￿Lty orld its compliance with regulation and good practice, Including costs related to the statutory audit. GoVern￿Ce costs arld support costs have been apportioned between fund raising acti￿tieS and eharitable activities dtspending upon the nature of the Cost eoncerntd. Fuller detsil of this allocation of govern8nce and other support costs is given in note151. g) Costs of raising fund8 The costs of generating fund6 consist of investment management costs. printing* Postage grld other expenses incurred in the orgaJ)isation of the Ride & Stride event and an apportionment of support costs as shown in note151. h) Charitable activities Costs of charitable activities include grants making, governance costs and an apportionment of support costs as shoMrA in note151. il Investments Investments are shown at market v￿lle. The SOFA includes the net gains and losses ￿lSing on rev8Juations 8nd disposa18 throughout the year. The forni of fmgnciaj risk faced by the ctwity is that of volati]ity in equity markets grld investment m￿kets due to Thider economic conditions, the attitude of investors to investment risk, and cbanges in sentTrrnent concerning equities and within particular sectors or sub sectors. jl Debtors and concessionary loans Debtors and concessionary loans are recognised at the settlement amount after any discount offered. kl Cash at bank Cash at bank includes cash and short terni highly liquid investsnents with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 11 Creditors Creditors aTe recognised where the chaTity has a Present ob]igation resulting from a past event that will probably result in the trensfer of funds to a third paty and the amount due to 8ettie the obligation can be measured or estimated reliably. Creditor8 are nornially reCo￿lsed at their settlement amount afteT allowing for any discounts due. ml Financial instruments The charity only has fm8rAcigJ assets 8rAd financial liabilities of a kind that qualify as basic financial instruments. Basic f￿anCIal instruments are initially reeognised at transaction value 8nd subsequently measured at their settlement vajue with the exception of bank loans which are subsequently measured at amortised Cost using the effective interest rate method. THE FRIENDS OF KENT CHURCHES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Page 13 21 INCOME FROM.. Unrestricted General Fund Restricted Funds Total Funds Total Funds 2025 2024 Donations grld legacies Donations GrarAt8 Legacie8 3,911 2,142 6,230 L2,283 3,911 2,142 6,230 12,283 4,042 5,408 10,000 19,450 Charitable aetivities Sponsored ¢yele ride Membership and events 173,431 10,76 1 184. l92 173,431 10,761 184,192 150,145 16,151 166,296 Investments tnterest on deposits Investments listed on the Stock Exchange 15,228 10,815 26,043 15,228 10,815 26,043 19,032 9,562 28,594 T(YfAL INCOME 222,518 222,518 214,340 2024 214,340 214.340 31 EXPENDrruRE ON CHARJTABLE ACTMTIES Charitable Activities Support and Governance Ise¢ note1S11 Totsj 2025 Totgj 2024 Activitie5 undertaken in order to meet the objectives of The ￿]endS to promote the preservation of churche8: Fllnded from unrestricted lunds: Gr￿tS to churches (see note 4 Sponsored R&S Cycle ride: distribution to churches John Briggs memori81 l¢ctUTe Membership and events 172,000 4.515 176,515 151.810 64,541 175 64,541 175 4,452 65,214 750 8,293 3,010 1,442 Total 2024: 219,688 6,379 226,067 THE FRIENDS OF KENT CHURCHES NOTES TO THE FINANCIAL STATEMENTS R THE YEAR ENDED 31 DECEMBER 2025 Page 14 41 GRANTS APPROVED AND CONCESSIONARY LOANS OUTsfANDING Unrestrieted Restricted Total General Funds Fund GRANTS APPROVED During 2025, in Treetin8 the objectives of The Friends to pro￿ote the pre8eryation of thtsrche8. the following grants to Chlltthes in Kent were approved. Appledore Biddenden Bredhurst Broadstsirs Chart Sutton Chatha Chislet Coxheath Cr8nbrook Dartford Erith Folkesione Folkestone Goodnestone Halstead H￿Stettd Hamstreet HArtiey Hernhill High8Jn Ide Hill Iw&de Ki]ndowrL Lamorbey Isidcupl SS Peter & Paul All Saiuts St Peter St Peter In Thanet St Michael & All Angels St JDbn St Mary Holy Trinity St Dunsts Methodist Christ Chvrch St Peter St JohtL the B&ptist Holy Cross St m￿aret Stm Church of the Good Shepherd St Pr8ncis de ￿ets St Michael Congregational Chuwh St Mary AU Soints Christ Church Holy RedeetrLeT 8t Mary Maidstone The Vine Maidswne Union Street Methodists Paddlesworth St Oswald PTeston-next-Faversh#t St Catherine Ruckitige St Mary Magdalene S￿]dhUrst St Nicholas sevingion St Mary Smeeth St hqary the Virwn Stapleburst Free Church ThHnington St Nicholas Tunbridge Wells St Philip Woodchurch Ail Saints Y&klin8 SS Peter & Paul 3.000 15,000 4.000 6.000 2,500 5.000 3,000 2,000 2,000 7,500 5.000 8,000 6.000 3,000 2.900 2.100 I,500 5.000 2,000 4,000 4.000 3.500 12,000 6,000 7.500 1,000 Is,otso 4,500 7,000 5,000 4,000 1.000 4,000 3,000 2,000 3.000 2,000 2,500 3.0 15,000 4,000 6,000 2,500 5,000 3.000 2,000 2,000 7,500 5,000 8,000 6,000 3,000 2,900 2,100 1,500 5.000 2,000 4,000 4,000 3.500 12,000 6,000 7.500 L,000 15,000 4,500 7,000 5,000 4,000 1,000 4,000 3,IM)O 2,000 3,(K)O 2,000 2,500 GRANTS APPROVED 2025 176.500 176.500 Less grant otTers decjinedllapsed 4,500 4,500 Nrf GPANTS APPROVED 2025 172,000 172.000 GRADrrs APPROVED 2024 146.715 146.715 CONCESSIONARY LOANS During 2025, in rAeeting the objectives of The Friends to promote the preservAiion of churches, no concessionBry loans to Churches Kent were rnade. rrhe Priends Jnth eoncessionary 108ns repayable 8fter 8 yeAr At IPh interesti THE FRIENDS OF KENT CHURCHES NOTES TO THEFINANCIAL STATEMENTS POR THE YEAR ENDED 31 DECEMBER 2025 Page 15 51 ANALYSIS AND ALLOCATION OF GOVERNANCE AND OTHER SUPPO]tr cosrs UnLess otherwise stated, costs are split approximately according to the time spent by the Trusttts. This is tthn ts) be 20VD raising funds, 20% membership and events and 600/0 grant making activities Charitable Activities Grant Member making ship Raising Funds Grand Totsj Notes on allocation Total Governanee". Independent Examination Fee Cost of meetings Annual Report JnvestTnent Management charge Bank Charges Insurance Newsletter & other communicat 857 286 1,143 240 285 1,428 300 180 60 60 1,005 335 1.340 335 1.675 IOO/o Raising Funds 60 IOOV• Raising Funds 280 IOOYO Membership 976 4,284 IO0% Raising Funds 220 60 60 280 586 195 781 195 Ride & Stride event Website Miscellaneous Total 4,284 44 132 176 1.695 4,515 242 1,442 1,937 5,957 485 5,688 2,422 11,645 The equivalent figures for 2024 are.. Governance.. Independent Exarnination Ftt Cost of meeting8 knnual Report Investment Management Ch￿ge Bank ch8rges Insurance 854 284 1,138 180 284 I,422 225 135 45 45 990 330 1,320 1.482 80 330 1,650 1,482 100% Raising Fund3 80 IOODkn Raising Funds 280 IOOYO Membership 894 4,905 100% RaisirAg Funds 1,482 80 280 280 Newsletter 536 179 715 179 Ride & Stride event Equipment Mi5cellaneou5 Total 4,905 36 260 6,039 108 910 5,095 36 130 1,284 144 1,040 6,379 1,300 12,418 61 EMPLOYEES, EhqoLUME￿rS There are no etnployees. 71 TRUSTEES, EMOLUMENTS AND RELATED PAi¥fY TK4NSACTtONS a None of the Trustees received any remuneration either directly or indirectly in the year. b There were no expenses incurred by the Trustees reirnbur5ed during the year. c None of the Trustees or other persons related to the chanty had any personal interest in any contract or transaction entered into during the year12024 Nill. 81 INDEPENDENT EK4MINER The Independent Examiner's fee amounted to £1,42812024 £I.4221. 91 INVESTMENT MANAGEMENT Investment management costs amounted to gNil12024 gi,4821. THE FRIENDS OF KE￿r CHURCHES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 1 DECEMBER 2025 Page 16 2025 2024 101 INVESTMENTS (All U.K. based) Quoted Securitie8 - Opening Valuation Purcha8e of InvestTllent¥ - Disposal of Investments - Surplus / IDefJcitl on Rev8luation of Investments - Gain8 1 (Losses) on Disposal of Invest￿entS - Purchase of COIF units at CCLA Surylusldefieit on Revaluation of COIF units - Closing Valuation 383,146 365,947 1347,8791 1,932 354,891 8,255 117,3831 The cost of the investment8 a8 at the Balance Sheet date was 374,891 374,891 The Investments consist of the following assets. - COIF Units CCLA - Flational Savings Income Bond8 345,763 20,000 363, 146 20,000 111 SUNDRY DEBTORS - In18nd Revenue 13,745 13,745 3,000 3,000 121 CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR Unrestrieted - Grants approved but unpaid ~ Magee Gamon Chartered Accounts (Feel - Uncleared pa)rynent$ 141 200,814 1.392 168 202,374 154,000 1,356 155,356 Restricted - Grants approved but unpaid THE FRIENDS OF KENT CHURCHES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 1 DECEMBER 2025 Page 17 13 ANALYSIS OF FUNDS Balance at l January 2025 Balon¢e at Gains 1 31 December Ilossesl 2025 Income ￿￿endIture General Fund5 625,318 222,518 1251,3711 117,3831 579,082 Total Funds 17,38 The equivalent figures for 2024 are.. Balance at l January 2024 Ba]ance at Geins 1 31 De¢ember IlosseBI 2024 Income Expenditure General Funds 632,897 214,340 1232.1061 10,187 625,318 Total Funds