**REGISTERED CHARITY NUMBER: 1171623**
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2023
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 2023
||Page|
|---|---|
|Reference and Administrative Information|1|
|Report of the Trustees|2 to 5|
|Independent Examiner's Report|6|
|Statement of Financial Activities|7|
|Balance Sheet|8|
|Notes to the Financial Statements|9 to 18|
|Detailed Statement of Financial Activities|19 to 20|
Nottinghamshire Historic Churches Trust
Reference and Administrative Information For the year ended 31 March 2023
## **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 Resigned 10 May 2022 The Revd. Canon Keith Turner Resigned 10 May 2022 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** 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 2023
The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of 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).
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
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 reappointment.
## **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 for the Year Ended 31 March 2023
## **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 £61,850 (2022: £51,000). Grants no longer needed and withdrawn totalled £12,200 (2022: £5,500). 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 £25,830. Donations in 2022 totalled £32,268.
## **Ride and Stride**
The sponsorship income this period was £17,508 (2022: £17,744) of which £8,088 (2022: £9,537) was returned to participating churches.
This represented a great success in the very difficult circumstances which prevailed.
## **Autumn Party**
An Autumn party was held at Southwell Minster. This proved to be very successful and generated net income for the trust of £612.
## **Friends**
The Friends number 123, including 13 life members, 2 honorary members.
Only 1 Friends visit was possible during the year; a very successful visit to Wellow and New Ollerton.
## **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 for the Year Ended 31 March 2023
## **FINANCIAL REVIEW**
## **Income**
The income for the year after deducting the cost of fund-raising activities was £19,347 (2022: £37,025). This figure is after allowing for repayment of £13,900 in respect of the grant received from All Churches Trust in 2019. This is explained in note 2 to the financial statements.
Donations in the period were £25,830 (2022: £32,268) of which £25,555 (2022: £28,050) came from other trusts and charities.
Activities for generating funds raised £11,653 (2022: £10,416) with the Ride and Stride being the main contributor. (See Note 3 and 5 for details).
Investment income was £3,416 (2022: £1,541).
The annual revaluation of the quoted investments owned by the Trust resulted in a surplus of £845 (2022 : £2,430).
## **Expenditure**
The expenditure of the Trust, excluding grants, was £16,058 (2022: £15,134).
Expenses associated with generating income were £9,767 (2022: £8,868).
## **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 2023 this was £49,650 (2022: £45,500). This figure depends on the applications that we receive rather than the availability of funds.
## **Reserves**
The charity’s reserves decreased by £35,902 (2022 decrease of £12,492).
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
## for the Year Ended 31 March 2023
## **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 order of the board of trustees on 17 July 2023 and signed on its behalf by:
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 our examination of the accounts of Nottinghamshire Historic Churches Trust (the Trust) for the year ended 31 March 2023.
## **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 our 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 our 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**
St. Michael's House 45 Newcombe Drive Arnold Nottingham NG5 6RX
Date: 17 July 2023
Page 6
Nottinghamshire Historic Churches Trust
## Statement of Financial Activities for the Year Ended 31 March 2023
|Notes
**INCOME AND ENDOWMENTS**
**FROM**
Donations, legacies and grants
receivable
2
Other trading activities
3
Investment income
4
**Total**
**EXPENDITURE ON**
Raising funds
5
Charitable activities
Making grants to places of worship
6
**Total**
Net gains on investments
**NET INCOME /(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED**
**FORWARD**|Unrestricted
Fund
£
25,892
11,653
3,416
40,961
8,837
56,191
65,028
845
(23,222)
94,969
71,747|Restricted
Fund
£
(12,000)
-
-
(12,000)
930
(250)
680
-
(12,680)
22,189
9,509|31.3.23
Total
funds
£
13,892
11,653
3,416
28,961
9,767
55,941
65,708
845
(35,902)
117,158
81,256|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|
Page 7
Nottinghamshire Historic Churches Trust
## Balance Sheet 31 March 2023
|Notes
**FIXED ASSETS**
Investments
9
**CURRENT ASSETS**
Debtors
10
Cash at bank
**CREDITORS**
Amounts falling due within one year
11
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
12
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Unrestricted
fund
£
42,713
1,963
87,326
89,289
(60,255)
29,034
71,747
71,747|Restricted
funds
£
-
-
13,009
13,009
(3,500)
9,509
9,509
9,509|31.3.23
31.3.22
Total
Total
funds
funds
£
£
42,713
41,867
1,963
446
100,335
123,899
102,298 124,345
(63,755)
(49,054)
38,543
75,291
81,256
117,158
81,256
117,158
71,747
94,969
9,509
22,189
81,256
117,158|
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 17 July 2023 and were signed on its behalf by:
……………………………… Graeme Renton Chairman
............................................. Jon Dawson Treasurer
Page 8
Nottinghamshire Historic Churches Trust
Notes to the Financial Statements for the Year Ended 31 March 2023
## **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.
## **Going concern**
The financial statements have been prepared on the going concern basis. The trustees consider that there are no material threats to the ability of the charity to continue to operate for the foreseeable future.
## **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.
The notes form part of these financial statements
Page 9
Nottinghamshire Historic Churches Trust
## Notes to the Financial Statements - continued for the Year Ended 31 March 2023
## **2. DONATIONS**
|John Eastwood Foundation
Eakring PC
Thomas Farr Charity
Osberton Trust
Thoresby Trust
David Crane Charity
Forman Hardy
Duke of Portland's Charity
Lady Hind Trust
Saint Peters Nottingham
Poyser Fund
Jessie Spencer Trust
Blyth PC
Gray Trust
Cynthia Witt Legacy
Helen Cope Charity
Jones Trust
Friends account donations
Gift Aid
Grant repaid to All Churches Trust
Other donations|Unrestricted
funds
£
-
25
5,000
-
-
250
500
-
10,000
150
500
3,000
100
1,500
-
-
-
2,905
1,962
-
-
25,892|Restricted
funds
£
-
-
-
500
1,000
-
-
400
-
-
-
-
-
-
-
-
-
-
-
(13,900)
-
(12,000)|2023
Total
funds
£
-
25
5,000
500
1,000
250
500
400
10,000
150
500
3,000
100
1,500
-
-
-
2,905
1,962
(13,900)
-
13,892|2022
Total
Funds
£
2,500
-
-
500
750
500
-
800
10,000
-
500
7,500
-
1,500
2,000
1,000
2,500
2,065
1,667
-
153|
|---|---|---|---|---|
|||||33,935|
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.
During the year ended 31 March 2022 and 31 March 2023 a number of churches have contacted the Trust to decline the offer of grants previously made to them. After allowing for these “withdrawn grants” the Trust has distributed grants totalling £25,100. The balance of the grant has been or will be returned to the Benefact Trust.
Page 10
continued...
Nottinghamshire Historic Churches Trust
## Notes to the Financial Statements - continued for the Year Ended 31 March 2023
## **3. OTHER TRADING ACTIVITIES**
|Unrestricted
funds
£
Cycle Ride gross receipts
17,508
Cycle Ride returned to churches
(8,088)
Friends income
2,545
Cycle ride expenses
(449)
Cycle Ride awards
(450)
Autumn Party Income
1,242
Autumn Party expenses
(630)
Concert income
25
Concert expenses
(50)
11,653
**4.**
**INVESTMENT INCOME**
Interest Receivable
Other income from Listed Investments|Restricted
funds
£
-
-
-
-
-
-
-
-
-
-|2023
Total
funds
£
2022
Total
Funds
£
17,508
17,744
(8,088)
(9,537)
2,545
2,685
(449)
(1,277)
(450)
(540)
1,242
2,241
(630)
(900)
25
-
(50)
-
11,653
10,416
31.3.23
31.3.22
£
£
1,742
1,674
3,4161,541|2022
Total
Funds
£
17,744
(9,537)
2,685
(1,277)
(540)
2,241
(900)
-
-|25
1,516|
|---|---|---|---|---|
||||10,416||
## **5. EXPENDITURE ON RAISING FUNDS**
|Raising donations and legacies
50% Share of Secretarial fees and
expenses
Fund Raising Co-ordinator
Printing costs
Ride and Stride Co-ordinator|Unrestricted
funds
£
-
2,361
5,485
-
991
8,837|Restricted
funds
£
-
-
-
930
-
930|2023
Total
funds
£
-
2,361
5,485
930
991
9,767|2022
Total
Funds
£
-
1,791
5,231
816
1,030|
|---|---|---|---|---|
|||||8,868|
Page 11
continued...
Nottinghamshire Historic Churches Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
## **6. CHARITABLE ACTIVITIES**
|Making grants to places of worship
Grants made to churches
Grants to churches withdrawn
**SUPPORT COSTS**
Grant Administrator fees and expenses
Insurance
50% Share of Secretarial fees and
expenses
Document storage costs
Web site costs
General expenses
Bank charges
TOTAL CHARITABLE EXPENDITURE|-
56,600
(6,700)
49,900
2,513
446
2,361
189
330
189
263
6,291
56,191|-
5,250
(5,500)
(250)
-
-
-
-
-
-
-
-
(250)|-
61,850
(12,200)
49,650
2,513
446
2,361
189
330
189
263
6,291
56,941|-
51,000
(5,500)|
|---|---|---|---|---|
|||||45,500
2,849
420
1,791
161
842
93
290|
|||||6,446|
|||||51,946|
## **7. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
Page 12
continued...
Nottinghamshire Historic Churches Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
## **8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Other trading activities
Investment income
**Total**
**EXPENDITURE ON**
Raising funds
**Charitable activities**
Making grants to places of worship
**Total**
Net gains on investments
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted Restricted
Total
fund
funds
funds
£
£
£
26,285
7,650
10,416
-
1,541
-
38,242
7,650
8,181
816
37,217
14,600
45,398
15,416
2,430
-
(4,726)
(7,766)
99,695
29,955
94,969
22,189|
33,935
10,416
1,541
45,892
8,997
51,817
60,814
2,430
(12,492)
129,650
117,158|
|---|---|---|
Page 13
continued...
Nottinghamshire Historic Churches Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
|**9.**|**FIXED ASSET INVESTMENTS**|||
|---|---|---|---|
||||Listed|
||||investments|
||||£|
||**MARKET VALUE**|||
||At 1 April 2022||41,867|
||Revaluations||846|
||At 31 March 2023||42,713|
||**NET BOOK VALUE**|||
||At 31 March 2023||42,713|
||At 31 March 2022||41,867|
||There were no investment assets outside the UK.|||
||Cost or valuation at 31 March 2023 is represented by:|||
||||Listed|
||||investments|
||||£|
||Valuation in 2018||26,000|
||Valuation in 2018||12,783|
||Valuation in 2019||(383)|
||Valuation in 2020||(11,675)|
||Valuation in 2021||12,712|
||Valuation in 2022||2,430|
||||41,867|
|Cost/valuation at 1 April 2022|||41,867|
|Revaluations in year|||846|
|Cost/valuation at 31 March 2023|||42,713|
|**10.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
|||31.3.23|31.3.22|
|||£|£|
||Other debtors|1,963|-|
||Prepayments and accrued income|-|446|
|||1,963|446|
Page 14
continued...
Nottinghamshire Historic Churches Trust
## Notes to the Financial Statements - continued for the Year Ended 31 March 2023
## **11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Grant repayable to Benefact Trust
**Grants payable**
Trust
Restricted
Accruals
**12.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**Restricted funds**
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 Mary's Church Newstead
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
40,961
**Restricted funds**
All Churches Trust Fund
(13,900)
Osberton Trust Fund
900
Saint Helen's Church Thorney
1,000
Saint Mary's Church Newstead
-
(12,000)
**TOTAL FUNDS**
28,961|At 1.4.22
£
94,969
500
8,400
539
5,500
2,000
5,250
22,189
117,158
Resources
expended
£
(65,028)
5,500
(930)
-
(5,250)
(680)
(65,708)||31.3.23
£
3,500
60,200
-
55
63,755
Net
movement
in funds
£
(23,222)
-
(8,400)
(30)
1,000
-
(5,250)
(12,680)
(35,902)
Gains and
losses
£
845
-
-
-
-
-
845|31.3.22
£
-
38,700
9,500
854
49,054
At
31.3.23
£
71,747
500
-
509
6,500
2,000
-
9,509
81,256
Movement
in funds
£
(23,222)
(8,400)
(30)
1,000
(5,250)
(12,680)
(35,902)|
|---|---|---|---|---|
||||||
|||
||
|
Page 15
continued...
Nottinghamshire Historic Churches Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
## **12. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
**Restricted funds**
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**
Comparative net movement in funds, included in the above are as
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|At 1.4.21
£
99,695
500
21,500
455
3,000
2,000
1,500
1,000
29,955
129,650
follows:
Resources
expended
£
(45,398)
(13,100)
(816)
-
(1,500)
-
(15,416)
(60,814)|Net
movement
in funds
£
(4,726)
-
(13,100)
84
2,500
-
(1,500)
4,250
(7,766)
(12,492)
Gains and
losses
£
2,430
-
-
-
-
-
-
2,430|At
31.3.22
£
94,969
500
8,400
539
5,500
2,000
-
5,250
22,189
117,158
Movement
in funds
£
(4,726)
(13,100)
84
2,500
(1,500)
4,250
(7,766)
(12,492)|
|---|---|---|---|
Page 16
continued...
Nottinghamshire Historic Churches Trust
## Notes to the Financial Statements - continued for the Year Ended 31 March 2023
## **12. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
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**|At 1.4.21
£
99,695
500
21,500
455
3,000
2,000
1,500
1,000
29,955
129,650|Net
movement
At
in funds
31.3.23
£
£
(27,948)
71,747
-
500
(21,500)
-
54
509
3,500
6,500
-
2,000
(1,500)
-
(1,000)
-
(20,446)
9,509
(48,394)
81,256|
|---|---|---|
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
funds
£
£
£
**Unrestricted funds**
General fund
79,203
(110,426)
3,275
**Restricted funds**
All Churches Trust Fund
(13,900)
(7,600)
-
Osberton Trust Fund
1,800
(1,746)
-
Saint Helen's Church Thorney
3,500
-
-
Saint Michael's Church Retford
-
(1,500)
-
Saint Mary's Church Newstead
4,250
(5,250)
-
(4,350)
(16,096)
-
(20,4
**TOTAL FUNDS**
74,853
(126,522)
3,275|in
£
(27,948)
(21,500)
54
3,500
(1,500)
(1,000)
46)
(48,394)|
|---|---|
Page 17
continued...
Nottinghamshire Historic Churches Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
## **13. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2023.
Page 18
This page does not form part of the statutory financial statements
Page 19