The Friend5 of the Dlocese of Iran Charfty No 257483 Annual Report and Finandal Statements for the Year ended 31st December 2025 l. The affairs of the FDI are admlni5tered by Its Executlve Commtttee, which normally meets twice a year and comprlses officers ex officio, members elected by the Annual General Meeting and occasionally others co-opted by the Committee Itself. 2. Accordin8 to its Constitution {as amended in 2008) the Trustees of the Charfty are the members of its Executlve Commlttee. As at 31st December 2025 they were as follow5: Officers Members Mr John Clark (Chalrnian) Mrs Christine Goldsmid (Secretary) Dr Vanessa 8owtell Mrs Sue Hayes Revd Susan Height Mrs Paddy Payne Very Revd Bob Wilkes Canon JIM Stewart ITrea5urerl 3. The objectlves of the or8anisatloft are 'to encoura8e support in prayer, money and personal servlce for the Eplscopal Church of Iran. 4. Day to dayfinancial artivitles are handled through CAFBank. Reserve funds are invested. in shares and cash. with CCLA Investment Management Ltd. 5. During the year the Executive Committee members were in touch wlth Eplscopal Church In Iran throu8h the Olocese of Jerusalem. 6. The attached financial ststements show the state of the FDI'S finances and accounting policles being followed as at the end of December 2025. Th5s report was approved and sl8ned on behalf of the Executive Committee by: Slgned Date Mr John Clark Canon Jim Stewart Chairman Treasurer Page lof6
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trust•as The FrierKls of the Diocese of Iran On accounts for the year ended 31•t Deomber 2025 Charlty no 257483 I report to the trustees on ffly examination of the accounts of the above chartyllhe Trust.) for the year ended 3111212025. Responslbllltles and bas1$ of report As the charity's trustees. you are responsible for the preparation of the accounts in accordanc8 wth the requirements of the Charitie5 Act 2011 rtheA. I report in r8SPaCt of my oxamination of the Trust's accounts carried out under sedion 145 of the 2011 Act and in carying out my examlnatlon, I have followed all the applicable Directions given by the Charity Commlssion under se¢Xion 145{S)(b) ot the Act. Independent The charty'$ gross income exeeeded £25,000 and l am qualrfied and examlnerf8 Statement registered to urKlertake the examination with AAT. I have completed my examlnation. I confirm that no materlal matters have come to my attention in connection with the examination (other than that disclosed below ') whlch gives me cause to believe that in, any material the accountlng rec¥rds were not kept in accordance with section 130 of the Charfties Act,. or the accounts did not acrd with the accounting records., or the accounts did not ¢omply with applicabl• requirements concerning the form and conlent of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the a¢¢ounts give a 'twe and fairf view whlch is not a matter ¢onsKlered as part of an Indeperent examlnation. I have no conrEms and have cwie across no other mattets in conneclion with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. . F¥ease delete the *Drds in the brnck8ts rfthey th not appty. Slgned: Date: OW0412026 Name: Aliqa Holland Relevant professlonal qualificatlon(s) or body: MAAT Addross: 12 Magpies Accountancy Ltd, Long Meword. Suffolk IER
Section B Disclosure Only complete If the examiner needs to highlight material matters of COnM (see CC32. Independent examination of charity accounts.. dire¢tions and guidance for examiners). Glve here brlef detalls of any Items that the examin•r wishes to dlsclose. NIA IER
The Frlends of the Dlocese of Iran (Iorlty No 257483 Statement of Financial ActNitie5 for the yearto 3tst December 2025 Unrestrlcted Funds 2025 2024 Notes Incomlng Resources Charltable income Investment irKome Totsl kncom• 2a 2b 326.627 6,107 331734 8,324 7,191 .s Expefftdlture Direct charltable expermltture Management and administratlon of the charlty Totsl Expenditure 1.127 62 £189 1,075 62 Net defkltl5urpS forthe year Unrealised 8ains on investment revaluations Net Movement In funds 331Y5 2,832 334.377 14378 2,296 1&674 8alance5 brought forward Baljnces cathed forward 212,090 195.416 546.467 212.090 The notes on the followlng pages fomi part of tl*se accounts PaEe3of6
The Friends of the Dlocese of Iran Charfty No 257483 Balance Sheet as at 31st December 2025 Notes 2025 2024 Mxed Assets Named Reserved Fund General Reserve Total Flxed Assets 98,487 102,588 98.586 89,654 197,073. 192.242 Current Assets Balance at Bank Total Current Assets 345,293 345.293" 19,849 19.849 Current Liabllltles Net Current Assets .345,293 19,849 Total Assets 542,366 212,091 Represented by Genernl Funds Revenue Fund Capltal Fund l-General Furrfl) 345,293 98.586 19,849 89,654 Deslgnated Funds (aCCLA Named AeThed Funds) Ordination179%) Bp Thompson Memorial {6%) Revd Nomian Sharp Memorial115%) 98,487 77,805 5,909 14,773 102,588 81.045 6,155 15,388 Total Unrestrlrted Fund$ Signed by 542.366 212.091 Mrjohn Clark Chairman Canon Jim Stewart Treasurer Date Page4of6
The Frfends of the Diocese of Iran Charfty No 257483 Notes to the Accounts for the ear to 31 December 2026 l. Accountlng Pollcies a.Basis of Accountin . These Accounts have been prepared under the historic cost convention and in accordance wtth applicable accounting standards and the Statement of Recommended Practice on Accountin8 by Charities. Investments are shown at market value. b.Incomin resources. Collections, donations and other non-covenanted income are accounted for when received. Tax recovery under Gift Aid is accounted for as received. Funds raised by sale of refreshments and other goods at meetings are accounted for gross. Legacies to the FDI are accounted for a5 500n as notification is received of the legal entitlement and the amount due. Income from dividends and Interest is accounted for when receivable. endvture. All outgoings are charged in the financial statements for the perlod to which they relate. d. Investments are held for funds designated by the Executive Committee for particular purposes. 2 In¢omin8 resources } Charitable Income Donatlons and subscriptions Tax Recovery Legacy Current Account Interest Total 2025 2024 670 1.091 325.734 223. 326,627 7.202 31 8.324 b) Investment Income Interest on bank and dewsit a/cs Dlvbdends Totol 4.407 2.784 7,191 3,023 3 Total Charitable expendlture Expenditure on regular meetings Secretartal expenses Mustsrd Seed Postage for Serwce Booklets Support to Diocese Bankcharges Tott71 75 627 62 62 1,137 4436.68 untts- CofE Investment Fund Market Value brought forward Market value at year end Unrealised 8ains/llosses} 102588 98487 -4.101 I,292 102588 2,296 Page5of6
The Frfends of the Dlocese of Iran Charfty No 257483 7. Deposlt wlth C of E Investment Fund ('General Reserve) As from November 2001 the funds held in thls dèp05it are available at the discretlon of the Executive Committee - elther for capital projects or to supplement income to meet speclal expenditure requirements. 8. C of E Investment Fund Shareholdln81'Named Reserved Funds,) As from November 2(K)I thi5 shareholdln8 comprlses the capital of the three designated fund5 known as: The Ordination Fund- available for the provlslon of ordlnatlon trainln The Bishop Thomp50n Memorlal Fund - used at the dlscretion of the Exec. Commrttee. The Revd Norman Sharp Memorial Fund - representing the le8acy received from his estate and available for use as determlned by the Executive Committee. 9. Reserves Pollcv In accordance wlth the requlrements of the a)arity Commission, the Executive Committee ofthe FDI have adopted the following pollcy concernin8 reSee funds {see minutes of the meetlng held on 13th.Ortober 20011: "The Friends of the Diocese of Iran IRegd.Charity No.2574831 differs from most other UK charltable organisations In at least one major respect. Due to the sltuation in Iran as at the date of adoption of this statement {13th.October 2001}, major expendlture in line with the aims set out in the FDI Constitution {as revised in May 19941 is not feasible currently, or likely to be so for some time to come. Nevertheless, this situatlon could chan8e radically over a comparatively short perlod. While not en8a8ln8 In 'fund-raising' as such, the FDI is nevertheless duty-bound to malntaln and invest efficiently what reserves it can in such a way as to combine growth with flexlbility. The short term aim is to be able to respond promptly to any ur8ent needs arisin8 in the Diocese of Iran. For the longerterm. the aim is to Increase the value of our reserves wrthout renderin8 them Inaccessible. This is to enable us to launch ordination or other training programmes or capital projects at short notice as soon a5 the opportunty arises" This pollcy was renewed and reaffirmed on 9 February 2012. Pa8e6of6