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2021-03-31-accounts

REGISTERED CHARITY NUMBER: 1171623

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2021

for

Nottinghamshire Historic Churches Trust

Jon Dawson and Company Unit C17, Kestrel Business Centre Colwick Industrial Estate Nottingham NG4 2JR

Nottinghamshire Historic Churches Trust

Contents of the Financial Statements for the Year Ended 31 March 2021

Page
Reference and Administrative Information 1
Report of the Trustees 2
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9 to 17
Detailed Statement of Financial Activities 18 to 19

Nottinghamshire Historic Churches Trust

Reference and Administrative Information

For the period ended 31 March 2021

Registered Charity Number

No. 1171623

Principal address

Unit C17 Kestrel Business Centre, Colwick Industrial Estate, Nottingham NG4 2JR

Trustees who served during the period

Mr. David Atkins President Dr Jenny Alexander Prof. John V Beckett Mr. Richard Brackenbury Chairman Dr. Christopher Brooke Mr Richard Craven-Smith-Milnes Prof. Michael Jones Mr Anthony Marriott Mr. Andrew Paris Mr. Graeme Renton Mr. Malcolm Stacey The Revd. Canon Keith Turner Mr. Jon Dawson Treasurer Officers Secretary Mrs. Anthea Moat Grants Administrator and Ride & Mrs. Margaret Lowe Stride organiser Fund Raising Co-Ordinator Mrs Maureen Hallam Website www.nottshistoricchurchtrust.org.uk/ Independent Examiner Zydna Limited Patrons The Rt Revd the Bishop of Southwell & Nottingham The Rt Revd the Bishop of Nottingham His Honour Tony Mitchell Dean Nicola Sullivan

Bankers Insurance

National Westminster and CAF Bank Ecclesiastical Insurance plc.

Page 1

Nottinghamshire Historic Churches Trust

Report of the Trustees for the Year Ended 31 March 2021

The Trustees present their annual report and financial statements of the charity for the period ended 31st March 2021. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's trust deed and are in accordance with applicable accounting standards and the Statement of Recommended Practice for Charities FRS102.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Nottinghamshire Historic Churches Trust was constituted as an unincorporated charity under a trust deed dated 31 December 1986.

On 1 April 2018 the activities, assets and liabilities of the charity were transferred to a Charitable Incorporated Organisation (“CIO”) also known as Nottinghamshire Historic Church’s Trust which had been incorporated on 15 February 2017.

The constitution of the new charity reflected in substance the constitution of the unincorporated charity and gives responsibility for the management of the Trust trustees, being a number between four and twenty five.

Appointment of trustees

New trustees are appointed by the existing trustees. The trustees consult widely with appropriate bodies before issuing invitations to future trustees. Trustees serve for five years after which time they are eligible for re-appointment.

Organisational structure

Meetings of the trustees are held four times a year. At these meetings the trustees approve grant applications. They are assisted by a Grants Committee which meets quarterly and considers applications for grants and makes recommendations to the trustees. Sub-committee are appointed to deal with social functions and other matters as needed.

Consideration of major risks

It is the Trust's policy to make grants only if it has the money in hand. It does not consider, therefore, that it is exposed to major risks which might arise as a result of a reduction in donations or a fall in interest and dividends.

Recent events have demonstrated that all organisations are exposed to serious risks arising from factors outside their control. The trustees monitor such risks but consider that the charity has sufficient liquid resources to meet its actual and potential liabilities.

OBJECTIVES AND ACTIVITIES

Objects

The preservation, repair, maintenance, improvement, beautification and reconstruction of churches or chapels in the City and County of Nottingham and any other churches in the Diocese of Southwell and Nottingham, and of monuments, fittings, stained glass, bells, clocks etc. in such churches.

Activities

The Trust carried out its objects by making grants for the repair and maintenance of churches to those bodies responsible for their upkeep. The trustees confirm that they have had regard to the guidance issued by the Charity Commission on public benefit. Buildings for which grants are made must be in use for public worship by a Christian denomination and the trustees consider that, since public access to the buildings that it assists is freely available, it complies with the guidance on public benefit.

The Trust's income is derived from fund raising activities and donations from the public and other trusts and institutions.

Page 2

Nottinghamshire Historic Churches Trust

Report of the Trustees – continued for the Year Ended 31 March 2021

OBJECTIVES AND ACTIVITIES - continued

Policy on grant making

The Trust will consider applications for buildings which are used for public Christian worship provided that they are older than 30 years. Grants normally cover only a proportion of the total cost of repairs. Grant-aid is intended to assist in the sympathetic repair of historic churches and chapels and their fittings and will normally not be made for works of modernisation, alteration or improvement. The Trust expects that competent professional advice will be sought by the applicant.

Reserves Policy

It is the policy of the Trust over the course of the next few years to make grants that are in excess of income in order to reduce the level of our reserves. The general level of grant made is fixed by reference to anticipated demand and this varies over the year and from year to year.

The Covid pandemic has had the effect of suppressing the volume of grant applications to the Trust, notwithstanding the continuing need for repair and maintenance of the fabric of the churches. This factor, together with an increase of £12,712 in the value of the Trust’s investments has led to an increase in reserves of £4,346.

ACHIEVEMENT AND PERFORMANCE

Grants made

Grants awarded during the period totalled £38,740 (2020: £46,770). Grants no longer needed and withdrawn totalled £1,000 (2020: £11,800). Full details of the recipient churches and a description of the way that the grants have been used can be found on our website.

FUND RAISING

Donations

The Trust expresses its gratitude to all individuals and Charitable Trusts who have donated to the Trust. Details of donors are shown in Note 2 to the financial statements. Total donations received in the year were £33,106. Donations in 2020 totalled £31,054

Ride and Stride

The sponsorship income this period was £13,084 (2020: £18,704) of which £6,054 (2020: £7,317) was returned to participating churches.

This represented a great success in the very difficult circumstances which prevailed. Summer Party

Due to the Coronavirus pandemic, it was not possible to hold a summer party in 2020. It is hoped that a summer party will take place in 2021.

Friends

The Friends number 133, including 13 life members, 2 honorary members.

No Friends visits were possible in 2020, it is hoped that visits will resume in 2021.

Publicity

This period the Trust has issued two Newsletters. Our thanks to the editor, Andrew Paris, and to others who have contributed. This is a much appreciated addition to our efforts to make the work of the Trust more widely known.

We also thank Andy Nicholson who continues to care for the Trust's website and extend its use.

Page 3

Nottinghamshire Historic Churches Trust

Report of the Trustees – continued for the Year Ended 31 March 2021

FUND RAISING – continued

Financial Review

Income

The income for the period after deducting the cost of fund raising activities was £34,775 (2020: £36,529).

Donations in the period were £33,106 (2020-£31,054) of which £30,600 (2020: £28,100) came from other trusts and charities.

Activities for generating funds raised £9,635 (2020: £14,149) with the Ride and Stride being the main contributor. (See Note 3 and 5 for details).

Investment income was £2,162 (2020: £1,961).

The annual revaluation of the quoted investments owned by the Trust resulted in a surplus of £12,712 (2020: deficit £11,675).

Expenditure

The expenditure of the Trust, excluding grants, was £15,529 (2020: £16,032)

Expenses associated with generating income were £10,128 (2020: £10,635)

Details are shown in Note 5. Part of secretarial time was involved in fund raising and £2,372 (2020: £2,616) was reallocated to that heading.

Grants

The grants that we make for the repair and maintenance of churches form the largest part of our expenditure. In the period to 31st March 2021 this was £37,740 (2020: £46,770). This figure depends on the applications that we receive rather than the availability of funds.

Reserves

The charity’s reserves increased by £4,346 (2020 decrease of £15,513) largely as a result of the un-realised surplus arising on the revaluation of the charity’s investments.

The trustees are carrying out a review of the charity’s reserves policy. The trustees recognise that the charity needs to maintain adequate reserves to ensure continuity of the charity’s activities and to ensure that the charity is able to meet any contingencies that may arise. However, the trustees are mindful of the necessity of ensuring that charitable donations and other income are applied for their intended purpose.

PLANS FOR THE FUTURE

The trustees’ plans for the future development of the charity are as follows:

  1. Publicity. To increase awareness of the charity and of its work

  2. Generating funds. To attempt to increase funds generated by the trust in order to further the objectives of the charity.

  3. Providing financial assistance to places of worship. To continue to provide financial assistance to places of worship in Nottinghamshire.

Page 4

Nottinghamshire Historic Churches Trust

Report of the Trustees – continued for the Year Ended 31 March 2021

REFERENCE AND ADMINISTRATIVE DETAILS

The names of trustees and the address of the charity are shown on page 1. The overall policy of the trust is determined by the trustees Implementation of policy decisions in respect of the awarding of grants is delegated to grants committee.

Approved by the Trustees on 13 July 2021. and signed on their behalf

Jon Dawson Treasurer

Page 5

Independent Examiner's Report to the Trustees of Nottinghamshire Historic Churches Trust

Independent examiner's report to the trustees of Nottinghamshire Historic Churches Trust

We report to the charity trustees on my examination of the accounts of Nottinghamshire Historic Churches Trust (the Trust) for the year ended 31 March 2021

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

We report in respect of our examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination we have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

We have completed my examination. We confirm that no material matters have come to our attention in connection with the examination giving us cause to believe that in any material respect:

  1. accounting records 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 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.

We 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 accounts to be reached.

Zydna Limited

Date: 20 January 2022

Page 6

Nottinghamshire Historic Churches Trust

Statement of Financial Activities for the Year Ended 31 March 2021

31.3.21
Unrestricted
Restricted
Total
Total
fund
funds
funds
Notes
£
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
27,256
5,850
33,106
Other trading activities
3
9,635
-
9,635
Investment income
4
2,162
-
2,162
Total
39,053
5,850
44,903
EXPENDITURE ON
Raising funds
5
9,233
895
10,128
Charitable activities
Making grants to places of worship
6
38,857
4,284
43,141
40,367
Total
48,090
5,179
53,269
51,002
Net gains/(losses) on investments
12,712
-
12,712
NET INCOME/(EXPENDITURE)
3,675
671
4,346
RECONCILIATION OF FUNDS
Total funds brought forward
96,020		 31.3.20
funds
£
31,054
14,149
1,961
47,164
10,635
(11,675)
(15,513)

The notes form part of these financial statements

Page 7

29,284 125,304 140,817

TOTAL FUNDS CARRIED FORWARD

99,695 29,955 129,650 125,304

The notes form part of these financial statements

Page 8

Nottinghamshire Historic Churches Trust

Balance Sheet 31 March 2021

31.3.21 31.3.20
Unrestricted
Restricted
Total Total
fund funds funds funds
Notes £ £ £ £
FIXED ASSETS
Investments 9 39,438 - 39,438 26,726
CURRENT ASSETS
Debtors 10 - - - 1,626
Cash at bank 112,174 32,455 144,629 149,620
112,174 32,455 144,629 151,246

CREDITORS

Amounts falling due within one year 11 (51,917) (2,500) (54,417) (52,668)

NET CURRENT ASSETS

60,257 29,955 90,212 98,578

TOTAL ASSETS LESS CURRENT LIABILITIES

The notes form part of these financial statements

Page 9

99,695

29,955

129,650

125,304

NET ASSETS

99,695 29,955 129,650 125,304

FUNDS

12 Unrestricted funds 99,695 96,020 Restricted funds 29,955 29,284

The notes form part of these financial statements

Page 10

TOTAL FUNDS 129,650 125,304

The financial statements were approved by the Board of Trustees and authorised for issue on 13 July 2021 and were signed on its behalf by:

............................................. ............................................. Richard Brackenbury Jon Dawson Chairman Treasurer

The notes form part of these financial statements

Page 11

Nottinghamshire Historic Churches Trust

Notes to the Financial Statements for the Year Ended 31 March 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

continued...

Page 12

Nottinghamshire Historic Churches Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

2. DONATIONS

DONATIONS
Unrestrict
ed		 Restricted Total Total
31.3.21
£		 31.3.21
£		 31.3.2
0
£		 31.3.1
9
£
Stuart Heath Foundation - 1,500 1,500 -
John Eastwood Foundation - 2,000 2,000 -
Osberton Trust - 500 500 500
Thomas Farr Charity 5,000 - 5,000 -
Jessie Spencer Trust 7,500 - 7,500 7,500
David Crane Charity 250 - 250 250
Forman Hardy Charity 500 - 500 500
Duke of Portland's Charity - 350 350 350
Lady Hind Trust 10,000 - 10,00
0		 10,00
0
John Warren Foundation - 1,000 1,000 -
Poyser Fund - 500 500 500
Gray Trust 1,500 - 1,500 1,500
Mr Roger Colwill 2,000 - 2,000 -
Morrisons Foundation - - - 303
G and P Hartley's Charity - - - 1,000
Whiteley Trust - - - 3,000
Thoresby Trust - - - 1,000
Mary Hearnshaw Trust - - - 2,000
Other donations of less than
£250 individually		 506 - 506 1,025
Gift Aid receivable - - - 1,626
27,256 5,850 33,10
6		 31,05
4

3. OTHER TRADING ACTIVITIES

Cycle Ride gross receipts
Cycle Ride Returned to Churches
Friends income
Friends Expenses
Summer Party		 31.3.21
31.3.20
£
£
13,084
18,704
(6,054)
(7,317)
2,605
2,835
-
(200)
-
127
9,635
14,149

continued...

Page 13

Nottinghamshire Historic Churches Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

4. INVESTMENT INCOME

INVESTMENT INCOME
31.3.21 31.3.20
£ £
Interest Receivable 684 696
Other income from Listed Investments 1,478 1,265
2,162 1,961
5. EXPENDITURE ON RAISING
FUNDS		 2021 2021 2021 2020
Total
£
816
5,128
2,616
972
1,103
10,63
5
Unrestricte
d
£		 Restricte
d
£		 Total
£
Printing costs - 895 895
Fund Raising Co-ordinator fees and
expenses		 5,242 - 5,242
Share of Secretarial fees and
expenses (50%)		 2,372 - 2,372
Ride and Stride Co-Ordinator Fees
and expenses		 1,030 - 1,030
Other promotional expenses 589 - 589
9,233 895 10,12
8
6.
EXPENDITURE ON
CHARITABLE
ACTIVITIES		 2021 2021 2021 2020
Unrestrict
ed
£		 Restrict
ed
£		 Total
£		 Total
£
Grants awarded to places of
worship		 34,456 4,284 38,74
0		 46,77
0
Grants withdrawn (1,000) - (1,000
)		 (11,80
0)
33,456 4,284 37,74
0		 34,97
0
Support costs
Grant administrator's fees and
expenses		 2,061 - 2,061 1,911
Insurance 415 - 415 428
Share of secretarial fees and
expenses (50%)		 2,372 - 2,372 2,636
Document storage costs 187 - 187 74
Web site costs 125 - 125 168
Bank charges 241 - 241 180
Total support costs 5,401 - 5,401 5,397
Total expenditure on
charitable activities		 38,857 4,284 43,14
1		 40,36
7

continued...

Page 14

Page 15 continued...

Nottinghamshire Historic Churches Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
Restricted
Total
fund
funds
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
26,554
4,500
Other trading activities
14,149
-
Investment income
1,961
-
Total
42,664
4,500
EXPENDITURE ON
Raising funds
10,135
500
Charitable activities		 funds
£
31,054
14,149
1,961
47,164
10,635

Making grants to places of worship 32,747 7,620 40,367

Total 42,882 8,120 51,002

continued...

Page 16

Nottinghamshire Historic Churches Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

Unrestricted
Restricted
Total
fund
funds
£
£
Net gains/(losses) on investments
(11,675)
-
NET INCOME/(EXPENDITURE)
(11,893)
(3,620)		 funds
£
(11,675)
(15,513)

RECONCILIATION OF FUNDS

Total funds brought forward

107,913 32,904 140,817

TOTAL FUNDS CARRIED FORWARD

96,020

29,284

125,304

9. FIXED ASSET INVESTMENTS

Listed investments £

continued...

Page 17

MARKET VALUE
At 1 April 2020
Revaluations
At 31 March 2021
NET BOOK VALUE
At 31 March 2021
At 31 March 2020
There were no investment assets outside the UK.
Cost or valuation at 31 March 2021 is represented by:
Cost
Revaluation		 26,726
12,712
39,438
39,438
26,726
26,001
13,437
39
,438

continued...

Page 18

Nottinghamshire Historic Churches Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21 31.3.20
£ £
Gifts and receivable - 1,626
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21 31.3.20
£ £
Grants payable 54,374 52,474
Accrued expenses 43 193
54,417 52,667
12. MOVEMENT IN FUNDS
Net
movement
At
At 1.4.20 in funds 31.3.21
£ £ £
Unrestricted funds
General fund 96,020 3,675 99,695
Restricted funds
Worksop Priory Fund
784
(784)
-
Saint Peters Church Clayworth Fund
500
-
500
All Churches Trust Fund
25,000
(3,500)
21,500
Printing Costs Fund
-
455
455
Saint Helen's Church Thorney Fund
1,000
2,000
3,000
Saint Mary's and Saint Martin's Church Blyth Fund
2,000

continued...

Page 19

2,000 Retford Saint Michael reredos Fund - 1,500 1,500 Saint Mary's Church Newstead Fund - 1,000 1,000

29,284 671 29,955

TOTAL FUNDS

125,304 4,346 129,650

continued...

Page 20

Nottinghamshire Historic Churches Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

12. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Resources
Gains and Movement
resources expended
losses in funds
£ £ £ £
Unrestricted funds
General fund 39,053 (48,090) 12,712 3,675
Restricted funds

Worksop Priory Fund - (784) - (784)

All Churches Trust Fund

Saint Mary's Church Newstead Fund 1,000 - - 1,000

continued...

Page 21

(5,179)

5,850

671

TOTAL FUNDS 44,903 (53,269) 12,712 4,346

Comparatives for movement in funds
Net
movement
At
At 1.4.19 in funds 31.3.20
£ £ £
Unrestricted funds
General fund 107,913 (11,893) 96,020
Restricted funds
Worksop Priory Fund
1,404
(620)
784
Saint Peters Church Clayworth Fund
500
-

continued...

Page 22

500

All Saints Church Hawton Fund 2,000 (2,000) -

All Churches Trust Fund 29,000 (4,000) 25,000 Saint Helen's Church Thorney Fund - 1,000 1,000

Saint Mary's and Saint Martin's Church Blyth Fund

2,000 2,000

32,904 (3,620) 29,284

TOTAL FUNDS 140,817 (15,513) 125,304

continued...

Page 23

Nottinghamshire Historic Churches Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

12. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement resources expended losses in funds £ £ £ £ Unrestricted funds General fund 42,664 (42,882) (11,675) (11,893)

Restricted funds

Worksop Priory Fund

All Saints Church Hawton Fund

All Churches Trust Fund

Saint Mary's and Saint Martin's Church Blyth Fund

2,000

2,000

continued...

Page 24

Saint Michael's Church Retford Fund 1,000 (1,000) - -

----- Start of picture text -----
|||| |---|---|---| |-| |4,500|(8,120)|(3,620)|

----- End of picture text -----

TOTAL FUNDS 47,164 (51,002) (11,675) (15,513)

A current year 12 months and prior year 12 months combined position is as follows:

----- Start of picture text -----
||||| |---|---|---|---| |Net| |movement| |At| |At 1.4.19|in funds|31.3.21| |£|£|£| |Unrestricted funds| |General fund|107,913|(8,218)|99,695|

----- End of picture text -----

continued...

Page 25

Restricted funds

Worksop Priory Fund 1,404 (1,404) - Saint Peters Church Clayworth Fund 500 - 500 All Saints Church Hawton Fund 2,000 (2,000) - All Churches Trust Fund 29,000 (7,500) 21,500 Printing Costs Fund - 455 455 Saint Helen's Church Thorney Fund - 3,000 3,000

Saint Mary's and Saint Martin's Church Blyth Fund

2,000 2,000 Retford Saint Michael Reredos Fund - 1,500 1,500 Saint Mary's Church Newstead Fund - 1,000 1,000

continued...

Page 26

32,904 (2,949) 29,955

TOTAL FUNDS 140,817 (11,167) 129,650

continued...

Page 27

Nottinghamshire Historic Churches Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2021

12. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Resources
Gains and Movement
resources expended
losses in funds
£ £ £ £
Unrestricted funds
General fund 81,717 (90,972) 1,037 (8,218)

Restricted funds

Worksop Priory Fund

All Churches Trust Fund

Saint Helen's Church Thorney Fund 3,000 - - 3,000

Saint Mary's and Saint Martin's Church Blyth Fund

2,000

Page 28

2,000

Saint Michael's Church Retford Fund 1,000 (1,000) - -

Retford Saint Michael reredos Fund 1,500 - - 1,500

Saint Mary's Church Newstead Fund 1,000 - - 1,000

TOTAL FUNDS

92,067 (104,271) 1,037 (11,167)

Page 29

13 RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2021, or for the year ended 31 March 2020.

Page 30

Nottinghamshire Historic Churches Trust Detailed Statement of Financial Activities for the Year Ended 31 March 2021

Detailed Statement of Financial Activities
for the Year Ended 31
March
2021
31.3.21 31.3.20
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 33,106 29,428
Gift aid - 1,626
33,106 31,054
Other trading activities
Cycle Ride gross receipts 13,084 18,704
Cycle Ride Returned to Churches (6,054) (7,317)
Friends income 2,605 2,835
Friends Expenses - (200)
Summer Party - 127
9,635 14,149
Investment income
Interest Receivable
284
696
Other income from Listed Investments
1,878
1,265
2,162 1,961
Total incoming resources
44,903
47,164
EXPENDITURE
Raising donations and legacies
Share of Secretarial Fees and Expenses 2,372 2,616
Fund Raising Co-Ordinator 5,242 5,128
Other promotional Expenses 589 1,103
Printing Costs 895 816

This page does not form part of the statutory financial statements

Page 31

Ride and Stride Co-Ordinator

Ride and Stride Co-Ordinator
Charitable activities
Grants made to Churches
Grants to Churches Withdrawn
Support costs
Management
Grant Administrator fees and Expenses
Carried forward		 1,030
972
10,128
10,635
38,740
46,770
(1,000)
(11,800)
37,740
34,970
2,061
1,911
2,061
1,911

This page does not form part of the statutory financial statements

Page 32

Nottinghamshire Historic Churches Trust

Detailed Statement of Financial Activities Financial Activities
for the Year Ended 31 March 2021
31.3.21 31.3.20
£ £
Management
Brought forward 2,061 1,911
Insurance 415 428
Share of Secretarial Fees and
Expenses 2,372 2,636
Document Storage Costs 187 74
Web Site Costs 125 168
5,160 5,217
Finance
Bank charges 241 180
Total resources expended 53,269 51,002
Net expenditure before gains
and losses (8,366) (3,838)
Realised recognised gains and losses
Net movement in valuation of
investments 12,712 (11,675)
Net income/(expenditure) 4,346 (15,513)

This page does not form part of the statutory financial statements

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