## **Annual Report And**
**Receipts & Payments Accounts For the year ending 31 December 2025**
## **Chairman**
Mr Martin Bridges 211 Shorncliffe Road Folkestone Kent CT20 3PH
## **Bankers**
National Westminster Bank plc Folkestone, Kent
## **Independent Examiner**
BizNav Chartered Accountants 5 North Court Armstrong Road Maidstone Kent ME15 6JZ
## The RIDSDALE TRUST
Receipts and Payments for year ending 31 December 2025
## **31-Dec-25**
## **31-Dec-24**
|**RECEIPTS**
Dividend Income
Balfour Beatty
M&G Investment Equities
M&G Investment Fixed Interest
Interest Earned
COIF Deposit
CAF Bank interest
Realised gain on sale of assets
Total Income
**PAYMENTS**
Charitable Donations
Ecotricity
To St Peter's Church
Investment additions
Administration
Trustee Indemnity Insurance
Website Registration
Audit Fee
Bank Charge
EXPRESS OF RECEIPTS OVER
PAYMENTS (PAYMENTS OVER
RECEIPTS)
**Bank Balances**
At Jan 1
At Dec 31|-
22,073
2,660|
24,732
1,327
-
26,059
33,000
5,209
115
36
325
60
38,745
**(12,686)**
**70,640**
**57,954**|209
17,209
4,893|
22,311
1,885
5,000
29,196|
|---|---|---|---|---|
||1,289
38
33,000||1,835
50
8297.17
10,000||
|||||18,297|
|||||-
106
-
307
60|
|||||18,770|
|||||**10,426**|
|||||**60,214**
**70,640**|
## The RIDSDALE TRUST
## STATEMENT OF ASSETS & LIABILITIES for year ending 31 December 2025
|**Monetary Assets**
Bank current account
CAF Cash account
COIF Charities deposit account
**Investments**
M&G Charibond (Fixed Interest)
M&G Charifund (Equities)
COIF Acc Inv Fund
**Reserves**
Brought forward
Surplus/ Deficit for the year
Movement in asset valuation|**31-Dec-25**
-
26,508
31,446
**57,954**
-
454,927
184,167
**697,048**
647,761
(12,686)
61,973
**697,048**|**31-Dec-24**
47
40,435
30,158|
|---|---|---|
|||**70,640**|
|||107,752
281,541
187,828|
|||**647,761**|
|||629,112
10,426
8,223|
|||**647,761**|
## **Independent examiner’s report to the Trustees of The Ridsdale Trust**
I report on the accounts of the Trust for the year ended 31 December 2025 that are set out on pages 1 to 4.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is needed
It is my responsibility to:
. examine the accounts under section 43 of the 1993 Act;
. to follow the procedures laid down in the General Directions given by the Charity Commission under section 43(7)(b) of the 1993 Act; and
. to state whether particular matters have come to my attention.
## Basis of independent examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
## Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
1. which gives me reasonable cause to believe that, in any material respect, the requirements:
. to keep accounting records in accordance with section 41 of the 1993 Act; and
. to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 1993 Act have not been met;
or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Peter O'Donnell FCA BizNav Chartered accountants 5 North Court, Armstrong Road, Maidstone, Kent ME15 6JZ
**Dated May 2026**
## **Annual Report for 2024**
## Background.
The Trust was established by a Deed of Trust in 1978 and is a Registered Charity No. 276959.
## Objectives
The objectives of the Trust is the advancement the Christian Religion in the Parish of Saint Peter, Folkestone, Kent, and the maintenance of the Catholic Tradition of the Church of England in that Parish and the upkeep and maintenance of the fabric and contents of the Parish Church.
## Structure, Governance and Management
The Trust is managed by its Trustees, who during 2025 were:
Mr Martin Bridges Chairman Mr Robin Saunders Trustee Anne Brown Trustee
## Investment policy.
As noted, the year has seen relative negativity in both investment values and income, mitigated only by a comparison with wider Stock Market investment levels but grant levels were increased. The Trustees have the intention of trying to match grants made against income to ensure the long-term viability of the Trust. Financial markets, and levels of Bank Base Rate remain uncertain, looking further ahead, and this must be considered by Trustees when considering grants for the next year.
## Grants Policy.
The Trustees have been able to make a substantial grant to St Peter’s PCC totalling £33,000, but, despite holding steady other modest expenditure under the heading of Administration, this has not matched the Trust's decreased income. The Trustees noted the fact that the PCC had formulated their application so as to ensure that it clearly met the Trust’s Objects, and supported the application by an audited copy of the PCC Annual Accounts, which ensured that the Trustees were able to exercise an appropriate degree of diligence over the actual use of their grants.
Martin Bridges Chairman
Date: May 2026