THE FRIENDS OF ST MICHAEL'S CHURCH ST ALBANS (Charity Registration No. 279810) FINANCIAL STATEMENTS For the Year Ended 31 December 2025 THE FRIENDS OF ST MICHAEL'S CHURCH ST ALBANS REFERENCE AND ADMINISTRATION DEfAILS For the year ended 31 December 2025 Trustees Earl John Duncan Verularn Graham Meager Guy Marshall Principal Addre$5 Mayne5 Farmhouse Gorhambvry Estate St Albans Herts AL3 6AF Bankers Weaiherbys 22 Sackville Street Mayfair London WIS 3DN Nat40nal Westrnin5ter Bank St Peters Street St Alban5 Herts ALI 3LY Registered Charity number 279810 THE FRIENDS OF ST MICHAEL'S CHURCH ST ALBANS INDEPENDENT EXAMINATION For the year ended 31 December 2025 Inde endent review on the Accounts I reviewed the accounts for the charity for the year ended 31 December 2025 which are set out on the following pages. This review is made solely to the Boèrd of Trustees of The Friends of St Mithael's Church St Albans as a bodv My review has been undertaken so that I might state to the Board of Trustees, those matters l am required to state to them in a review and for no other purpose. To the fullest extent permitted by law. I do not accept or assume responsibility lo anyone othcr 11141n the cliariry, and ihe Board of Tr115tees as a body for my revieiv. for Iliis rewrt or for t1￿ opinions I have foriiied. RESPEcfivE RESPONSIBILITIES OF THE TRUSTEES As the Board ol Trustees, you are responsible for the preparation of the financial statements. BASIS OF INDEPENOEKf REPORT. A review includes a review of the accounting records kept by the charity and a tomparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking any explanations from you as the Board of Trustees, concerning any such malters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion or the view given by the accounts. THE FRIENDS OF ST MICHAEL'S CHURCH ST ALBANS INDEPENDENT EXAMINATION For the year ended 31 December 2025 Independent ststement In conneciion with my review, no matter has come to my attention.. l. Which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records,. and to prepare oecounts which accord with the atcountsng records and to comply with the accounting requirements have not been met- or 2. To which, in my opinion. attention should be drawn in order to enable a proper under5tonding of the actounts to be reached. Mr P Okusi Thompson Accountants Independent Examiner 326-328 Li)ndoii Road Milcham Surrey CR4 3UO THE FRIENDS OF ST MICHAEL'S CHURCH ST ALBANS Trustees Annual Report For the year ended 31 December 2025 The Board of Trustee5 have pleasure in presenting their report and financial statements of the Charity for the year ended 31 December 2025 Introduction The Friend5 of St Michael's Church St Albans Ithe Charity") was founded on 18 March 1980. Ob ectives and Activities The objective of the Charity is to help and support the Vicar, Churchwardens and Parochial Church Council of the Ecclesiastical Parish of St Michael's in St Albans to maintain, repair, renew, improve and enhance the structure and fabric furnishings, memorials and fittings of St Michael's and io keep in good order and condition and to beautify the churchyard of the said churth. Public benefit The Trustees of the Charity have had regard to the guidance issued by the Charity Commission on public benefit. Activltles Achievemments and Flnancial Review The Charity's income for the year wa5 £25, 113. This included an anonymou5 donation of £15,000 The Trustees are truly grateful for this bequest. Donations of £51,000 were made by the Charity towards the cost of restoration work to fixtures and fittings. The Charity has a deficit during the year ended 31 December 2025 of £26,427. Reserves As a grant maker without any core cost5 the Charity does not need to hold operational reserves. The Trustees have resolved that they should hold suffi£iefit reserves to enable them io respond to appropriateapplicat10115 for financial silPPOrt for the maintenance, iepair and enhancement of the structure and fabric of Si Michaef5 Church. Structtsre The Charity Is a charitèble trust registered with the Charity Commission for England and Wales. THE FRIENDS OF ST MICHAEL'S CHURCH ST ALBANS Trustees Annual Report For the year ended 31 December 2025 Govemance and Mana ement The charity Trustees are as follows: Earl John Duntan Verulam Graham Meager Guy Marshall The Trustees will select additional or replacement Trustees with regard for the skills, knowledge and experience needed for the effective admFnistration ol the Charity. Declarations The Trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Signature.. Full name- Graham Meager Position.. Trustee Date.. 23 January 2026 THE FRIENDS OF ST MICHAEL'S CHURCH ST ALBANS (Charity Registration No. 279810) BALANCE SHEEr As at 31 December 2025 202S 2024 CURRENT ASSETS Balance ai Bank- current depostt OVO Deposit to be refunded Tax refund 611 53.000 140 1,956 77.964 258 80.178 53,751 NET ASSETS 53.751 80,178 REPRESENTED BY: GENERAL FUND 8alance brought forward IDeficitl/Surplus on General Reserve account 80.178 -26,427 57,594 22,584 53,751 80,178 These financial statements were approved by the Board of Trustees on 23 January 2026 and signed on its behalf by- Graham Meager Date.. 23 January 2026 Position.. Trustee THE FRIENDS OF ST MICHAEL'S CHURCH ST ALBANS (Charity Regrstration No. 279810) INCOME AND EXPENDITURE ACCOUNT For the year ended 31 December 2025 2025 2024 INCOME Subscriptions and Membership Donations Tax recovery Charities Aid Foundation Abbey Theatre event Kingsbury Manor Event OVO Event Interest receivable 1,586 16,849 258 30 1,173 15,SS2 3.810 io 1.300 1.888 2,053 2,688 25.113 22,584 EXPENDITURE OVO tickets Donation5 540 Si,O(Kl 51.540 IDEFICITI/SURPLUS FOR THE YEAR .26,427 22,584 THE FRIENDS OF ST MICHAEL'S CHURCH ST ALBANS NOTES For the year ended 31 December 2025 ACCOUNTING POUCIES Basis of Accountlng These accounts have been prepared on a receipts and payments basis as permitted by law for smaller charilie5. The trustees consider that there are no material uncertainties about the charity's abilitv to continue a5 a goin8 concern. Fund Accounting Unrestricted funds are available for use at the discretion ol ihe Trustees in furtherance of the objective5 Qf the chartty. Restricted funds are subjected to restrictions on their expenditure imposed by the donor or by the appeal of the charity. Donations Donated income is recognised on a received basis. Trustee remuneratlon and benefits None of the Trustees have been paid any remuneration or received any beneh'ts from any employmeni with the chanty or a f¢￿ted party.