**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 - (3,500) - (3,500) Printing Costs Fund 1,350 (895) - 455 Saint Helen's Church Thorney 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 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 - (620) - (620) All Saints Church Hawton Fund - (2,000) - (2,000) All Churches Trust Fund - (4,000) - (4,000) Printing Costs Fund 500 (500) - - Saint Helen's Church Thorney Fund 1,000 - - 1,000 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 - (1,404) - (1,404) All Saints Church Hawton Fund - (2,000) - (2,000) All Churches Trust Fund - (7,500) - (7,500) Printing Costs Fund 1,850 (1,395) - 455 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 - 10,350 (13,299) (2,949) ## **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 Page 33