REGISTERED CHARITY NUMBER: 1171623
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2022
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 2022
| 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 2022
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 Mr. Graeme Renton Chairman Dr Jenny Alexander Prof. John V Beckett Mr. Richard Brackenbury Dr. Christopher Brooke Mr Richard Craven-Smith-Milnes Prof. Michael Jones Mr Anthony Marriott Mr. Andrew Paris 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
www.nottshistoricchurchtrust.org.uk/
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 National Westminster and CAF Bank Insurance Ecclesiastical Insurance plc.
Page 1
Nottinghamshire Historic Churches Trust
Report of the Trustees
for the Year Ended 31 March 2022
The Trustees present their annual report and financial statements of the charity for the period ended 31st March 2022. 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 2022
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.
ACHIEVEMENT AND PERFORMANCE
Grants made
Grants awarded during the period totalled £51,000 (2021: £38,740). Grants no longer needed and withdrawn totalled £5,500 (2021: £1,000). 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 £33,935. Donations in 2021 totalled £33,106.
Ride and Stride
The sponsorship income this period was £17,744 (2021: £13,084) of which £9,537 (2021: £6,054) was returned to participating churches.
This represented a great success in the very difficult circumstances which prevailed.
Summer Party
The fact that a summer party was held in 2021 represented a considerable success in itself. The party held at Winkburn Hall proved to be an enjoyable event for all who attended. The party realised a surplus of £1,341. The trustees are very grateful to Richard Craven-Smith Milnes for making Winkburn Hall available at short notice for the party
Friends
The Friends number 130, including 12 life members, 2 honorary members.
Only 1 Friends visit was possible during the year; a very successful visit to Worksop Priory and Saint Michael’s Church Retford. It is encouraging that a Friends visit took place on 23 April 2022.
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 2022
FUND RAISING – continued
Financial Review
Income
The income for the period after deducting the cost of fund-raising activities was £36,895 (2021: £34,775).
Donations in the period were £32,268 (2021-£33,106) of which £28,050 (2021: £30,600) came from other trusts and charities.
Activities for generating funds raised £10,416 (2021: £9,635) with the Ride and Stride being the main contributor. (See Note 3 and 5 for details).
Investment income was £1,541 (2021: £2,162).
The annual revaluation of the quoted investments owned by the Trust resulted in a surplus of £2,430 (2021: £12,712).
Expenditure
The expenditure of the Trust, excluding grants, was £15,314 (2021: £15,529)
Expenses associated with generating income were £8,997 (2021: £9,539)
Details are shown in Note 5. Part of secretarial time was involved in fund raising and £1,790 (2021: £2,372) 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 31 March 2022 this was £45,500 (2021: £37,740). This figure depends on the applications that we receive rather than the availability of funds.
In March 2019 the Trust received a grant allocation of £39,000 from the All Churches Trust (now the Benefact Trust). The objective of the grant was to allow the Trust to distribute funds to churches in Nottinghamshire to help them to install roof alarms and so to deter the theft of lead from their roofs.
The grant period ended on 31 March 2022 and over the period of the grant the Trust distributed £21,600 to 15 churches. £8,400 of the grant remained unallocated at 31 March 2022 and this will be returned to the Benefact Trust.
Reserves
The charity’s reserves decreased by £12,492 (2021 increase of £4,364).
The trustees continue to review 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:
-
Publicity. To increase awareness of the charity and of its work
-
Generating funds. To attempt to increase funds generated by the trust in order to further the objectives of the charity.
-
Providing financial assistance to places of worship. To continue to provide financial assistance to places of worship in Nottinghamshire.
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Nottinghamshire Historic Churches Trust
Report of the Trustees – continued for the Year Ended 31 March 2022
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 10 May 2022. 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
I report to the charity trustees on my examination of the accounts of Nottinghamshire Historic Churches Trust (the Trust) for the year ended 31 March 2022.
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').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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.
I 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.
Jon Dawson and Company Unit C17, Kestrel Business Centre Colwick Industrial Estate Nottingham NG4 2JR
Date: .............................................
Page 6
Nottinghamshire Historic Churches Trust
Statement of Financial Activities
for the Year Ended 31 March 2022
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 26,285 Other trading activities 3 10,416 Investment income 4 1,541 Total 38,242 EXPENDITURE ON Raising funds 5 8,052 Charitable activities Making grants to places of worship 6 37,346 Total 45,398 Net gains on investments 2,430 NET INCOME/(EXPENDITURE) (4,726) RECONCILIATION OF FUNDS Total funds brought forward 99,695 TOTAL FUNDS CARRIED FORWARD 94,969 |
Restricted funds £ 7,650 - - 7,650 816 14,600 15,416 - (7,766) 29,955 22,189 |
31.3.22 Total funds £ 33,935 10,416 1,541 45,892 8,868 51,946 60,814 2,430 (12,492) 129,650 117,158 |
31.3.21 Total funds £ 33,106 9,046 2,162 |
|---|---|---|---|
| 44,314 9,539 43,141 |
|||
| 52,680 12,712 |
|||
| 4,346 125,304 |
|||
| 129,650 |
The notes form part of these financial statements
Page 7
Nottinghamshire Historic Churches Trust
Balance Sheet
31 March 2022
| Unrestricted fund Notes £ FIXED ASSETS Investments 7 41,867 CURRENT ASSETS Debtors 8 446 Cash at bank 92,210 92,656 CREDITORS Amounts falling due within one year 9 (39,554) NET CURRENT ASSETS 53,102 TOTAL ASSETS LESS CURRENT LIABILITIES 94,969 NET ASSETS 94,969 FUNDS 10 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ - - 31,689 31,689 (9,500) 22,189 22,189 22,189 |
31.3.22 Total funds £ 41,867 446 123,899 124,345 (49,054) 75,291 117,158 117,158 94,969 22,189 117,158 |
31.3.21 Total funds £ 39,438 - 144,629 144,629 (54,417) 90,212 129,650 129,650 99,695 29,955 129,650 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 10 May 2022 and were signed on its behalf by:
Graeme Renton
……………………………… Chairman
Jon Dawson
............................................. Treasurer
The notes form part of these financial statements
Page 8
Nottinghamshire Historic Churches Trust
Notes to the Financial Statements for the Year Ended 31 March 2022
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.
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Nottinghamshire Historic Churches Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
2. DONATIONS
| Stuart Heath Foundation John Eastwood Foundation (Newstead) Osberton Trust Thomas Farr Charity Jessie Spencer Trust David Crane Charity Forman Hardy Charity Duke of Portland's Charity Lady Hind Trust John Warren Foundation Poyser Fund Gray Trust Mr Roger Colwill Thoresby Trust (Newstead) Gift Aid receivable Helen Cope Charity (Newstead) Jones Trust (Thorney) Cynthia Witt Legacy Friends donations Other donations of less than £250 individually |
Unrestricted 2022 £ - - - - 7,500 500 - 400 10,000 - 500 1,500 - - 1,667 - - 2,000 2,065 153 26,285 |
Restricted 2022 £ - 2,500 500 - - - - 400 - - - - - 750 - 1,000 2,500 - - - 7,650 |
Total 2022 £ - 2,500 500 - 7,500 500 - 800 10,000 - 500 1,500 - 750 1,667 1,000 2,500 2,000 2,065 153 33,935 |
Total 2021 £ 1,500 2,000 500 5,000 7,500 250 500 350 10,000 1,000 500 1,500 2,000 - - - - - - 506 33,106 |
|---|---|---|---|---|
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Nottinghamshire Historic Churches Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
3. OTHER TRADING ACTIVITIES
| Unrestricted 2022 £ Cycle Ride gross receipts 17,744 Cycle Ride returned to churches (9,537) Friends income 2,685 Cycle ride expenses (1,277) Cycle Ride awards (540) Summer Party income 2,241 Summer Party expenses (900) 10,416 4. INVESTMENT INCOME Interest Receivable Other income from Listed Investments 5. RAISING FUNDS Raising donations and legacies Unrestricted 2022 £ Share of Secretarial fees and expenses 1,790 Fund Raising Co-Ordinator fees and expenses 5,232 Printing costs - Ride & Stride Co-Ordinator fees and expenses 1,030 8,052 |
Restricted 2022 £ Total 2022 £ Total 2021 £ - 17,744 13,084 - (9,537) (6,054) - 2,685 2,605 - (1,277) (589) - (540) - - 2,241 - - (900) - - 10,416 9,046 31.3.22 31.3.21 £ £ 25 684 1,516 1,478 1,541 2,162 Restricted 2022 £ Total 2022 £ Total 2021 £ - 1,790 2,372 - 5,232 5,242 816 816 895 - 1,030 1,030 816 8,868 9,539 |
|---|---|
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Nottinghamshire Historic Churches Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
6. EXPENDITURE ON CHARITABLE ACTIVITIES
| Grants awarded to churches Grants to churches withdrawn Support costs Grants administrator fees and expenses Insurance Share (50%) of Secretarial fees and expenses Document storage costs Web site costs General expenses Bank charges Total expenditure on charitable activities |
Unrestricted 2022 £ 36,400 (5,500) 30,900 2,849 420 1,791 161 842 93 290 6,446 37,346 |
Restricted 2022 £ 14,600 - 14,600 - - - - - - - - 14,600 |
Total 2022 £ 51,000 (5,500) 45,500 2,849 420 1,791 161 842 93 290 6,446 51,946 |
Total 2021 £ 38,740 (1,000) |
|---|---|---|---|---|
| 37,740 | ||||
| 2,061 415 2,372 187 125 - 241 |
||||
| 5,401 | ||||
| 43,141 |
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
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Nottinghamshire Historic Churches Trust
Notes to the Financial Statements - continued
for the Year Ended 31 March 2022
| 8. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total |
|||
| fund | funds | funds | |||
| £ | £ | £ | |||
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 27,256 | 5,850 | 33,106 | ||
| Other trading activities | 9,635 | - | 9,635 | ||
| Investment income | 2,162 | - | 2,162 | ||
| Total | 39,053 | 5,850 | 44,903 | ||
| EXPENDITURE ON | |||||
| Raising funds | 9,233 | 895 | 10,128 | ||
| Charitable activities | |||||
| Making grants to places of worship | 38,857 | 4,284 | 43,141 | ||
| Total | 48,090 | 5,179 | 53,269 | ||
| Net gains on investments | 12,712 | - | 12,712 | ||
| NET INCOME | 3,675 | 671 | 4,346 | ||
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 96,020 | 29,284 | 125,304 | ||
| TOTAL FUNDS CARRIED | |||||
| FORWARD | 99,695 | 29,955 | 129,650 | ||
| 9. | FIXED ASSET INVESTMENTS | ||||
| Listed | |||||
| investments | |||||
| £ | |||||
| MARKET VALUE | |||||
| At 1 April 2021 | 39,438 | ||||
| Revaluations | 2,429 | ||||
| At 31 March 2022 | 41,867 | ||||
| NET BOOK VALUE | |||||
| At 31 March 2022 | 41,867 | ||||
| At 31 March 2021 | 39,438 |
There were no investment assets outside the UK.
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Nottinghamshire Historic Churches Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
9. FIXED ASSET INVESTMENTS - continued
Cost or valuation at 31 March 2022 is represented by:
| Valuation in 2018 Valuation in 2018 Valuation in 2019 Valuation in 2020 Valuation in 2021 Valuation in 2022 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Prepayments and accrued income 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Grants payable Accrued expenses Total creditors 12. MOVEMENT IN FUNDS At 1.4.21 £ Unrestricted funds General fund 99,695 Restricted funds Saint Peters Church Clayworth 500 All Churches Trust Fund 21,500 Osberton Trust Fund 455 Saint Helen's Church Thorney 3,000 Saint Mary's and Saint Martin's Church Blyth 2,000 Saint Michael's Church Retford 1,500 Saint Mary's Church Newstead 1,000 29,955 TOTAL FUNDS 129,650 |
Listed investments £ 26,001 12,783 (383) (11,675) 12,712 2,429 41,867 31.3.22 31.3.21 £ £ 446 - 31.3.22 31.3.21 £ £ 48,200 54,374 854 43 49,054 54,417 Net movement At in funds 31.3.22 £ £ (4,726) 94,969 - 500 (13,100) 8,400 84 539 2,500 5,500 - 2,000 (1,500) - 4,250 5,250 (7,766) 22,189 (12,492) 117,158 |
|---|---|
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Nottinghamshire Historic Churches Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
12. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds General fund 38,242 Restricted funds All Churches Trust Fund - Osberton Trust Fund 900 Saint Helen's Church Thorney 2,500 Saint Michael's Church Retford - Saint Mary's Church Newstead 4,250 7,650 TOTAL FUNDS 45,892 Comparatives for movement in funds Unrestricted funds General fund Restricted funds Worksop Priory Saint Peters Church Clayworth All Churches Trust Fund Osberton Trust Fund Saint Helen's Church Thorney Saint Mary's and Saint Martin's Church Blyth Saint Michael's Church Retford Saint Mary's Church Newstead TOTAL FUNDS |
Resources expended £ (45,398) (13,100) (816) - (1,500) - (15,416) (60,814) At 1.4.20 £ 96,020 784 500 25,000 - 1,000 2,000 - - 29,284 |
Gains and losses £ 2,430 - - - - - - 2,430 Net movement in funds £ 3,675 (784) - (3,500) 455 2,000 - 1,500 1,000 671 |
Movement in funds £ (4,726) (13,100) 84 2,500 (1,500) 4,250 (7,766) (12,492) At 31.3.21 £ 99,695 - 500 21,500 455 3,000 2,000 1,500 1,000 29,955 129,650 |
|---|---|---|---|
| 125,304 | 4,346 |
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Nottinghamshire Historic Churches Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
12. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Incoming | Resources |
Gains and | Movement | Movement | |
|---|---|---|---|---|---|---|
| resources | expended |
losses | in funds | |||
| £ | £ | £ | £ | |||
| Unrestricted funds | ||||||
| General fund | 39,053 | (48,090) | 12,712 | 3,675 | ||
| Restricted funds | ||||||
| Worksop Priory | - | (784) | - | (784) | ||
| All Churches Trust Fund | - | (3,500) | - | (3,500) | ||
| Osberton Trust Fund | 1,350 | (895) | - | 455 | ||
| Saint Helen's Church Thorney | 2,000 | - | - | 2,000 | ||
| Saint Michael's Church Retford | 1,500 | - | - | 1,500 | ||
| Saint Mary's Church Newstead | 1,000 | - | - | 1,000 | ||
| 5,850 | (5,179) | - | 671 | |||
| TOTAL FUNDS | 44,903 | (53,269) | 12,712 | 4,346 | ||
| A current year 12 months and prior year 12 months | combined position is as follows: | |||||
| Net | ||||||
| movement | At | |||||
| At 1.4.20 | in funds | 31.3.22 | ||||
| £ | £ | £ | ||||
| Unrestricted funds | ||||||
| General fund | 96,020 | (1,051) | 94,969 | |||
| Restricted funds | ||||||
| Worksop Priory | 784 | (784) | - | |||
| Saint Peters Church Clayworth | 500 | - | 500 | |||
| All Churches Trust Fund | 25,000 | (16,600) | 8,400 | |||
| Osberton Trust Fund | - | 539 | 539 | |||
| Saint Helen's Church Thorney | 1,000 | 4,500 | 5,500 | |||
| Saint Mary's and Saint Martin's | ||||||
| Church Blyth | 2,000 | - | 2,000 | |||
| Saint Mary's Church Newstead | - | 5,250 | 5,250 | |||
| 29,284 | (7,095) | 22,189 | ||||
| TOTAL FUNDS | 125,304 | (8,146) | 117,158 |
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Nottinghamshire Historic Churches Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
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 | Gains | and | Movement | |
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General fund | 77,295 | (93,488) | 15,142 | (1,051) | |
| Restricted funds | |||||
| Worksop Priory | - | (784) | - | (784) | |
| All Churches Trust Fund | - | (16,600) | - | (16,600) | |
| Osberton Trust Fund | 2,250 | (1,711) | - | 539 | |
| Saint Helen's Church Thorney | 4,500 | - | - | 4,500 | |
| Saint Michael's Church Retford | 1,500 | (1,500) | - | - | |
| Saint Mary's Church Newstead | 5,250 | - | - | 5,250 | |
| 13,500 | (20,595) | - | (7,095) | ||
| TOTAL FUNDS | 90,795 | (114,083) | 15,142 | (8,146) |
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2022.
This page does not form part of the statutory financial statements
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