**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:
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 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:
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.
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.
Page 9
continued...
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|
|---|---|---|---|---|
Page 10
continued...
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|
|---|---|
Page 11
continued...
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.
Page 12
continued...
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.
Page 13
continued...
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|
|---|---|
Page 14
continued...
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||
Page 15
continued...
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||
Page 16
continued...
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
Page 17