Charity registration number 237243
KINGSTON FRIENDS TRUSTS
OLD BURIAL GROUND ESTATE
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
KINGSTON FRIENDS TRUSTS OLD BURIAL GROUND ESTATE LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Fred Ashmore (re-appointed October 2020 to September 2026) Kate Cargin (appointed July 2020 to June 2026) Hugh Corner (1 March 2020 to 30 September 2025; reappointed 1 January 2026 to 31 Dec. 2026) Nick Davis (re-appointed October 2023 to September 2026) Oli Griffiths (appointed May 2019 to December 2026)
Charity number 237243 Principal address Kingston Quaker Centre Fairfield East Kingston upon Thames Surrey KT1 2PT Independent David Howard examiner 1 Park Road Hampton Wick Kingston Upon Thames KT1 4AS Investment Rathbone Greenbank Investments advisors 10 Queen Square Bristol BS1 4NT King & Shaxson 1st Floor, 155 Fenchurch Street London EC3M 6AL
KINGSTON FRIENDS TRUSTS OLD BURIAL GROUND ESTATE CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Independent examiner's report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 - 14 |
KINGSTON FRIENDS TRUSTS OLD BURIAL GROUND ESTATE TRUSTEES' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The trustees present their report and accounts for the year ended 31 December 2025. The trustees who served during the year and up to the date of this report are set out out under the legal and administrative information section of the report.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's [governing document], the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).
Objectives and activities
The object of the charity is to advance religion in the area of benefit according to the principles and practices of the Religious Society of Friends; in particular to provide, equip, maintain, repair, improve, extend and rebuild the places of worship, and support the running costs, of Kingston upon Thames Local Quaker Meeting and other Local Meetings of the Religious Society of Friends in the area of benefit.
The area of benefit of the charity is the area of the Kingston & Wandsworth Area Quaker Meeting and the area of the South London Area Quaker Meeting (formerly the Purley & Sutton Area Quaker Meeting) of the Religious Society of Friends.
Public benefit
The trustees have regard to the Charity Commission's guidance on public benefit and its specific guidance on charities for the advancement of religion. The Old Burial Ground Estate (OBGE) provides grants to support the maintenance of Kingston Quaker Centre and the other Meeting Houses in South and South West London belonging to the Religious Society of Friends which between them have around 500 members and attenders at present. Meetings for Worship are held every Sunday and attract regular worshippers and those who are newly interested in exploring the Quaker faith. At other times of the week the Meeting Houses accommodate many community groups who take advantage of the space they offer for meetings and events.
Achievements and performance
No grants were awarded during the period although the Trustees made in principle approvals to a number of substantial projects subject to appropriate quotations and specifications.
Financial review
As previously reported, the trustees appointed in September 2015 Rathbone Greenbank Investments as the charity’s investment manager to manage their investments more actively. In 2024 Trustees also appoint King and Shaxson to manage a portion of the assets with a view to comparing performance compared to the other investment managers.
The value of the total funds of the charity increased by 6.58% in 2025; the value of the endowment funds increased by 4.27%. The performance of assets managed by King and Shaxon and those managed by Rathbone Greenbank were very close.
Reserves policy
A balance in the working fund is maintained broadly at the level of £10,000 so as to be able to respond to urgent calls on the funds.
Risks policy
The major risks to which the charity is exposed, as identified by the trustees, have been reviewed by the trustees and systems have been established to manage and mitigate those risks. In particular the investments, which are managed by Rathbones Greenbank Investments are periodically reviewed, to monitor performance.
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KINGSTON FRIENDS TRUSTS OLD BURIAL GROUND ESTATE TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Plans for Future Periods
Trustees have commenced consideration of the potential impact of the planned merger of the Area Quaker Meeting of London which has potential to affect our area of benefit.
Structure, governance and management
Status
The charity is a Quaker charity, registered with the Charity Commission under number 237243 and regulated by a Scheme of the Charity Commissioners dated 8 September 1988, amended by a Scheme dated 7 May 2004.
Organisational Structure
The charity has six Trustees. It operated in 2025 with just five Trustees (Four from Kingston and one from Esher and has requested that Kingston upon Thames Local Quaker meeting nominates and appoints the sixth Trustee). The Trustees control the charity and authorise grants through regular meetings and are assisted in the day to day running of the charity by a secretary.
Related Parties
Kingston Friends Trusts (Old Burial Ground Estate) is treated by the Charity Commission as a parent of Kingston Friends Trusts (Poors Estate). They share a bank account but prepare separate reports and financial statements.
Statement of Trustees' responsibilities
Company and charity law requires the Trustees to prepare the trustees’ report and the financial statements in accordance with FRS102 and the charity SORP (FRS 102). The Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity at the end of the financial year and of its surplus or deficit for that period.
In doing so, the Trustees are responsible for:
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selecting suitable accounting policies and then applying them consistently;
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making sound judgements and estimates that are reasonable and prudent;
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preparing the financial statements on the going concern basis unless it is inappropriate to presume that
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charity will continue in business;
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees' was approved by the Board of Trustees.
..............................
22-05-2026 Dated: .........................
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KINGSTON FRIENDS TRUSTS OLD BURIAL GROUND ESTATE INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF KINGSTON FRIENDS TRUSTS
I report to the trustees on my examination of the financial statements of Kingston Friends Trusts (the charity) for the year ended 31 December 2025. which are set out on pages 04 to 14.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts as per the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2019).
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements do 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 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 with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
David Howard Chartered Accountants
1 Park Road Hampton Wick Kingston Upon Thames KT1 4AS
22-05-2026 Dated: .........................
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KINGSTON FRIENDS TRUSTS OLD BURIAL GROUND ESTATE STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2025
| Unrestricted funds Endowment funds Income and endowments from: 2025 Notes £ 2025 £ Charitable activities Investments 2 91,384 - - Total income 91,384 - Expenditure on: Raising funds 3 - 25,953 Charitable activities 4 4,864 - Total expenditure 4,864 25,953 Net gains/(losses) on investments 9 - 166,395 Net movement in funds 86,520 140,442 Fund balances at 1 January 2025 161,569 3,287,154 Fund balances at 31 December 2025 248,089 3,427,596 |
Total 2025 £ 91,384 91,384 25,953 4,864 30,817 166,395 226,962 3,448,723 3,675,685 |
Total 2024 £ 76,561 76,561 25,994 21,132 47,126 (116,651) (87,216) 3,535,939 3,448,723 |
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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KINGSTON FRIENDS TRUSTS OLD BURIAL GROUND ESTATE BALANCE SHEET
AS AT 31 DECEMBER 2025
| Notes Fixed assets Investments 11 Current assets Debtors 12 Cash at bank and in hand 13 Creditors: amounts falling due within one year 14 Net current assets Total assets less current liabilities Capital funds Endowment funds-general General endowment funds 15 Income funds Unrestricted funds |
2025 £ 9,067 98,994 108,061 (4,150) 3,427,596 |
£ 3,571,774 103,911 3,675,685 3,427,596 248,089 3,675,685 |
2024 £ 4,050 58,145 62,195 (3,856) 3,287,154 |
£ 3,390,384 58,339 |
|---|---|---|---|---|
| 3,448,723 | ||||
| 3,287,154 161,569 3,448,723 |
22-05-2026
The financial statements were approved by the Trustees on .........................
..............................
Trustee
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KINGSTON FRIENDS TRUSTS OLD BURIAL GROUND ESTATE NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
1 Accounting policies
Charity information
Kingston Friends Trusts is a Quaker charity, registered with the Charity Commission under number 237243 and regulated by a scheme of the Charity Commissioners dates 8[th ] September 1988, amended by a scheme dated 7[th ] May 2004.
1.1 Accounting convention
The financial statements have been prepared in accordance with the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
Monetary amounts are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention where applicable. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measure reliably, and it is probable that income will be received.
Income from investments is included in the year in which it is receivable.
1.5 Expenditure
Expenditure is recognised in the year in which the liability is incurred and is reported as part of the expenditure to which it relates.
Charitable activities' direct costs and support costs are those costs incurred directly in support of expenditure on the objects of the charity.
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KINGSTON FRIENDS TRUSTS OLD BURIAL GROUND ESTATE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
1 Accounting policies
(Continued)
1.6 Fixed asset investments
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.
1.7 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.8 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
2 Investments
| Income from listed investments Interest receivable (from Rathbone Greenbank Investment funds and King & Shaxson) Interest receivable (from other cash deposits) |
2025 £ 62,722 27,762 900 91,384 |
2024 £ 50,445 25,128 988 |
|---|---|---|
| 76,561 |
3
| Raising funds Investment management fees |
2025 £ 25,953 25,953 |
2024 £ 25,994 25,994 |
|---|---|---|
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KINGSTON FRIENDS TRUSTS OLD BURIAL GROUND ESTATE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
4 Charitable activities
| 2025 £ Grant funding of activities (see note 5) - Share of support costs (Administrative costs) 880 Share of governance costs (see note 6) 3,984 4,864 5 Grants payable 2025 £ Grants to other Local Meetings of the Religious Society of Friends - _ - |
2024 £ 16,292 820 4,020 |
|---|---|
| 21,132 | |
| 2024 £ 16,292 |
|
| 16,292 |
| 6 Support costs Support Governance costs costs £ £ Legal and professional 820 - Bank charges 60 - Review of the financial statements - 1,992 Accountancy and other advisory services - 1,992 880 3,984 Analysed between Charitable activities 880 3,984 |
2025 2024 £ £ 820 760 60 60 1,992 2,010 1,992 2,010 4,864 4,840 4,864 4,840 |
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KINGSTON FRIENDS TRUSTS OLD BURIAL GROUND ESTATE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
7 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
8 Employees
The average monthly number of employees during the year was:
| 2025 | 2024 | |
|---|---|---|
| Number | Number | |
| Total | - | - |
There were no employees whose annual remuneration was more than £60,000.
9 Net gains/(losses) on investments
| Revaluation of investments Gain/(loss) on sale of investments |
2025 2024 £ £ 159,649 (471,595) 6,746 354,944 166,395 (116,651) |
|---|---|
10 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
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KINGSTON FRIENDS TRUSTS OLD BURIAL GROUND ESTATE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
11 Investments
| Cost or valuation At 31 December 2024 Additions Valuation changes Disposals Net movement on cash in fund At 31 December 2025 Carrying amount At 31 December 2025 At 31 December 2024 |
Listed investments Cash in portfolio Total £ £ £ 3,284,604 105,781 3,390,384 1,220,286 - 1,220,286 491,142 - 491,142 (1,509,157) - (1,509,157) - (20,881) (20,881) 3,486,875 84,900 3,571,774 3,486,875 84,900 3,571,774 |
Permanent Endowment fund Freehold Land and Property fund Expendable Endowment fund £ £ £ 363,077 1,732,408 1,294,899 106,196 524,128 589,962 71,617 310,700 108,825 (161,385) (755,003) (592,769) 1,057 8,147 (30,085) |
|---|---|---|
| 380,562 1,820,380 1,370,832 |
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| 380,562 1,820,380 1,370,832 |
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| 3,284,604 105,781 3,390,384 Funds held in listed investments Funds held as cash Total Funds at 31st December 2025 |
363,077 1,732,408 1,294,899 |
|
| 374,299 1,790,459 1,322,117 6,263 29,921 48,715 380,562 1,820,380 1,370,832 |
All fixed asset investments are measured at market value less impairment.
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KINGSTON FRIENDS TRUSTS OLD BURIAL GROUND ESTATE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
12 Debtors
| 2025 | 2024 | |
|---|---|---|
| Amounts falling due within one year: | £ | £ |
| Other debtors | 9,067 | 4,050 |
13 Cash in bank and in hand
| CafCash current account The Affirmative Deposit Fund for Charities |
Unrestricted fund Permanent Endowmen t fund Freehold Land and Property fund Expendable Endowment fund 2025 2024 £ £ £ £ £ £ 79,982 79,982 - - - 39,907 - - - 19,012 19,012 18,238 79,982 - - 19,012 98,994 58,145 |
|---|---|
| 14 Creditors: amounts falling due within one year | 2025 | 2024 |
|---|---|---|
| £ |
£ |
|
| Accruals and deferred income | 4,150 |
3,856 |
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KINGSTON FRIENDS TRUSTS OLD BURIAL GROUND ESTATE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
15 Endowment funds
| Permanent Endowment Fund Freehold Land and Property Fund Expendable Endowment Fund |
Balance at 1 January 2025 Incoming resources Resources expended Net Gains and Losses Transfers between funds Balance at 31 December 2025 £ £ £ £ £ £ 363,078 - (2,600) 20,085 - 380,563 2,532,230 - (12,419) 100,391 - 2,620,202 391,847 - (10,934) 45,919 - 426,832 3,287,154 - (25,953) 166,395 - 3,427,596 |
|---|---|
The Charity's funds originally arose in 1677 from the assignment of the freehold of a plot of land.
There are three funds. In the case of the Permanent Endowment Fund and the Freehold Land and Property Fund, only income may be applied to expenditure. In the case of the Expendable Endowment Fund, both capital and income are applicable, and may be applied, at the Trustees’ discretion, for the objects of the charity. A working fund is derived from these funds and is maintained as a pool of liquidity, the level being at the Trustees' discretion.
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The Permanent Endowment Fund is a restricted fund which provides income for the general purpose of the charity. The fund is the combination of the compensation paid when a road was widened, and another fund set up as part of a redevelopment agreement with a third party.
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The Freehold Land and Property Fund is a restricted fund which contains the proceeds of the sale of part of the land referred to above, in 2003. The fund is now required to be invested to produce income to be applied for the objects of the charity.
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The Expendable Endowment Fund is the combination of two former funds which were set aside to cover extraordinary repairs for rebuilding Meeting Houses
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KINGSTON FRIENDS TRUSTS OLD BURIAL GROUND ESTATE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
16 Unrestricted funds
| At 1 Working funds Previous year: At 1 Working funds |
January 2025 £ Incoming resources £ Resources expended £ At 31 December 2025 £ 161,569 91,384 (4,864) 248,089 January 2024 Incoming resources Resources expended At 31 December 2024 £ £ £ £ 106,140 76,561 (21,132) 161,569 |
|---|---|
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KINGSTON FRIENDS TRUSTS OLD BURIAL GROUND ESTATE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025
17 Analysis of net assets between funds
| Unrestricted | Endowment | Total | |
|---|---|---|---|
| funds | funds | ||
| 2025 | 2025 | 2025 | |
| £ | £ | £ | |
| At 31 December 2025: | |||
| Investments | 160,260 | 3,411,514 | 3,571,774 |
| Current assets/(liabilities) | 87,829 | 16,082 | 103,911 |
| 248,089 | 3,427,596 | 3,675,685 |
| Unrestricted | Endowment | Total | |
|---|---|---|---|
| funds | funds | ||
| 2024 | 2024 | 2024 | |
| £ | £ | £ | |
| At 31 December 2024: | |||
| Investments | 119,311 | 3,271,072 | 3,390,384 |
| Current assets/(liabilities) | 42,258 | 16,082 | 58,339 |
| 161,569 | 3,287,154 | 3,448,723 |
18 Related party transactions
There were no disclosable related party transactions during the year (2024 - none).
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