2024-03-31-accounts

REGISTERED CHARITY NUMBER: 1171623

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2024

for

Nottinghamshire Historic Churches Trust

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

Nottinghamshire Historic Churches Trust

Contents of the Financial Statements for the Year Ended 31 March 2024

	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 19
Detailed Statement of Financial Activities	20 to 21

Nottinghamshire Historic Churches Trust

Reference and Administrative Information For the year ended 31 March 2024

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. Jon Dawson Treasurer Ms Margaret Ann Bennett-Samuels Rev Alison Grant Milbank Appointed 18 March 2024

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 2024

The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. 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

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

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 2024

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 £35,150 (2023: £61,850). Grants no longer needed and withdrawn totalled £Nil (2023: £12,200). 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

Donations in year ended 31 March 2024 included a legacy from the estate of Cynthia Witt of £25,716. The Trustees are very grateful for this legacy and plan to institute a special award in recognition of Cynthias Witt’s generosity.

The total of donations received for the year ended 31 March 2023 was depressed by the return of £13,900 to Benefact Trust. The details of this are set out in Note 2 to the financial statements.

Ride and Stride

The sponsorship income this period was £17,699 (2023: £17,508) of which £7,919 (2023: £8,088) was returned to participating churches.

Summer Party

The summer party was held at Welbeck Abbey and this proved to be a great success.

Income raised from ticket sales amounted to £4,260 and the net income raised for the Trust was £1,771.

Friends

The Friends number 124, including 14 life members

Only 1 Friends visit was possible during the year; a very successful visit to Wellow and New Ollerton in 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 for the Year Ended 31 March 2024

FINANCIAL REVIEW

Income

The income for the year after deducting the cost of fund-raising activities was £66,343 (2023: £19,347). The 2023 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 £56,813 (2023: £25,830) of which £27,700 (2023: £25,555) came from other trusts and charities.

Activities for generating funds raised £13,551 (2023: £11,653) with the Ride and Stride being the main contributor. (See Note 3 and 5 for details).

Investment income was £4,278 (2023: £3,416).

The annual revaluation of the quoted investments owned by the Trust resulted in a deficit of £259 (2023: surplus of £845).

Expenditure

The expenditure of the Trust, excluding grants, was £16,109 (2023: £16,058).

Expenses associated with generating income were £10,099 (2023: £9,767).

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 2024 this was £35,150 (2023: £49,650). This figure depends on the applications that we receive rather than the availability of funds.

Reserves

During the year the Trust’s reserves increased by £24,924 from £81,256 to £106,180 (2023 a decrease of £35,902 from £117,158 to £81,256).

The overall movement within reserves is made up as follows:

Restricted funds decreased by £960 from £9.509 to £38,539 (2023 decreased by £12,680 from £22,189 to £9,509).

Unrestricted funds increased by £25,884 from £71,747 to £97,631 (2023 decreased by £23,222 from £94,969 to £71,747).

Restricted funds held by the trust at 31 March 2024 comprised:

1. In respect of Saint Helen’s Church Thorney £8,500

2. In respect of Osberton Trust for printing costs £49

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.

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

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Nottinghamshire Historic Churches Trust

Report of the Trustees

for the Year Ended 31 March 2024

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 22 May 2024 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

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 2024.

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.

Zydna Limited

St. Michael's House

45 Newcombe Drive Arnold Nottingham NG5 6RX

Date: 22 May 2024

Page 6

Nottinghamshire Historic Churches Trust

Statement of Financial Activities

for the Year Ended 31 March 2024

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 £ 56,113 13,551 4,278 73,942 9,139 38,660 47,799 (259) 25,884 71,747 97,631	Restricted fund £ 2,500 - - 2,500 960 2,500 3,460 - (960) 9,509 8,549	Total funds £ 58,613 13,551 4,278 76,442 10,099 41,160 51,259 (259) 24,924 81,256 106,180	Total funds £ 13,892 11,653 3,416
				28,961
				9,767 55,941
				65,708
				845 (35,902) 117,158 81,256

The notes form part of these financial statements

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Nottinghamshire Historic Churches Trust

Balance Sheet 31 March 2024

Notes FIXED ASSETS Investments 9 CURRENT ASSETS Debtors 10 Cash at bank and in hand 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 Restricted fund funds £ £ 42,454 - 2,512 - 111,209 8,549 113,721 8,549 (58,536) - 55,185 8,549 97,639 8,549 97,639 8,549	31.3.24 Total funds £ 42,454 2,512 119,758 122,270 (58,536) 63,734 106,188 106,188 97,639 8,549 106,188	31.3.23 Total funds £ 42,713 1,963 100,335 102,298 (63,755) 38,543 81,256 81,256 71,747 9,509 81,256

The financial statements were approved by the Board of Trustees and authorised for issue on 22 May 2024 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 2024

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 are recognised as an expense when an unconditional offer is made to a church.

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.

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.

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Nottinghamshire Historic Churches Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

2. DONATIONS

DONATIONS Whiteley Charitable Trust John Eastwood Foundation Eakring PCC Thomas Farr charity Osberton Trust Thoresby Trust David Crane Charity Forman Hardy Charity Duke of Portland's Charity Lady Hind Trust Saint Peters Nottingham Poyser Fund Jessie Spencer Trust Blyth PC Gray Trust Cynthia Witt Legacy Margaret Ford Legacy Helen Cope Charity Thomas Farr Trust Friends account donations Gift Aid Grant repaid to All Churches Trust Other donations	Unrestricted funds £ 4,000 - 25 - - - 250 500 250 10,000 - 500 3,000 - 1,500 25,716 250 - 5,000 2,815 2,067 - 240 56,113	Restricted funds £ - 2,000 - - 500 - - - - - - - - - - - - - - - - - 2,500	2024 Total funds £ 4,000 2,000 25 - 500 - 250 500 250 10,000 - 500 3,000 - 1,500 25,716 250 - 5,000 2,815 2,067 - 240 58,613	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

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 years ended 31 March 2022 and 31 March 2023 a number of churches 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 returned to the Benefact Trust.

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Nottinghamshire Historic Churches Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

3. OTHER TRADING ACTIVITIES

Unrestricted 2024 £ OTHER TRADING ACTIVITIES Cycle Ride gross receipts 17,699 Cycle Ride returned to churches (7,919) Friends income 3,392 Friends’ expenses (70) Cycle ride expenses (422) Cycle Ride awards (900) Summer Party Income 4,260 Summer Party expenses (2,489) Concert income - Concert expenses - 13,551 4. INVESTMENT INCOME Interest Receivable Other income from Listed Investments 5. RAISING FUNDS Unrestricted 2024 £ EXPENDITURE ON RAISING FUNDS Raising donations and legacies 50% Share of Secretarial fees and expenses 2,607 Fund Raising Co-ordinator 5,451 Printing costs - Ride and Stride Co-ordinator 1,081 9,139	Restricted 2024 £ - - - - - - - - - - - Restricted 2024 £ - - 960 - 960	Total Total 2024 2023 £ £ 17,699 17,508 (7,919) (8,088) 3,392 2,545 (70) - (422) (449) (900) (450) 4,260 1,242 (2,489) (630) - 25 - (50) 13,551 11,653 31.3.24 31.3.23 £ £ 2,572 1,742 1,706 1,674 4,278 3,416 Total Total 2024 2023 £ £ 2,607 2,361 5,451 5,485 960 930 1,081 991 10,099 9,767

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Nottinghamshire Historic Churches Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

6. CHARITABLE ACTIVITIES

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	Unrestricted 2024 £ 32,650 - 32,650 2,276 446 2,607 225 129 111 216 6,010 38,660	Restricted 2024 £ 2,500 - 2,500 - - - - - - - - 2,500	Total 2024 £ 35,150 - 35,150 2,276 446 2,607 225 129 111 216 6,010 41,160	Total 2023 £ 61,850 (12,200)
				49,650 2,513 446 2,361 189 330 189 263
				6,291
				55,941

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.

One trustee (2023 Nil) was reimbursed for expenses incurred on behalf of the trust. The sum was £55.

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Nottinghamshire Historic Churches Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

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 fund £ 25,892 11,653 3,416 40,961 11,572 53,456 65,028 845 (23,222) 94,969 71,747	Restricted funds £ (12,000) - - (12,000) 930 (250) 680 - (12,680) 22,189 9,509	Total funds £ 13,892 11,653 3,416 28,961 12,502 53,206 65,708 845 (35,902) 117,158 81,256

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Nottinghamshire Historic Churches Trust

Notes to the Financial Statements - continued

for the Year Ended 31 March 2024

9. FIXED ASSET INVESTMENTS

FIXED ASSET INVESTMENTS
MARKET VALUE At 1 April 2023 Revaluations At 31 March 2024 NET BOOK VALUE At 31 March 2024 At 31 March 2023 There were no investment assets outside the UK. The cost or valuation at 31 March 2024 is represented by : Original cost Cumulative valuations to 31 March 2023 Market value at 31 March 2023 Valuation 2024 Market value at 31 March 2024	Listed investments £ 42,713 (259) 42,454 42,454 42,713 26,001 16,712 42,713 (259) 42,454

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Nottinghamshire Historic Churches Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

10.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		31.3.24	31.3.23
		£	£
	Other debtors	2,066	1,963
	Prepayments and accrued income	446	-
		2,512	1,963

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

CREDITORS Grant repayable to Benefact Trust Grants payable Trust Accrued expenses	2024 £ - 57,950 586 58,536	2023 £ 3,500 60,200 55
		63,755

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Nottinghamshire Historic Churches Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

12. MOVEMENT IN FUNDS

Unrestricted funds General fund Restricted funds Saint Peters Church Clayworth Osberton Trust Fund Saint Helen's Church Thorney Saint Mary's and Saint Martin's Church Blyth TOTAL FUNDS Net movement in funds, included in the above are as follows:		At 1.4.23 £ 71,747 500 509 6,500 2,000 9,509 81,256	Net movement in funds £ 25,892 (500) (460) 2,000 (2,000) (960) 24,932	At 31.3.24 £ 97,639 - 49 8,500 - 8,549 106,188

	Incoming	Resources	Gains and	Movement	Movement
	resources	expended	losses	in funds
	£	£	£		£
Unrestricted funds
General fund	73,946	(47,795)	(259)		25,892
Restricted funds
Saint Peters Church Clayworth	-	(500)	-		(500)
Osberton Trust Fund	500	(960)	-		(460)
Saint Helen's Church Thorney	2,000	-	-		2,000
Saint Mary's and Saint Martin's Church
Blyth	-	(2,000)	-		(2,000)
	2,500	(3,460)	-		(960)
TOTAL FUNDS	76,446	(51,255)	(259)		24,932

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Nottinghamshire Historic Churches Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

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 Mary's Church Newstead TOTAL FUNDS Comparative net movement in funds, included in the above are as	At 1.4.22 £ 94,969 500 8,400 539 5,500 2,000 5,250 22,189 117,158	Net movement in funds £ (23,222) - (8,400) (30) 1,000 - (5,250) (12,680) (35,902)	At 31.3.23 £ 71,747 500 - 509 6,500 2,000 - 9,509 81,256
	follows:

	Incoming	Resources	Gains and	Movement
	resources	expended	losses	in funds
	£	£	£	£
Unrestricted funds
General fund	40,961	(65,028)	845	(23,222)
Restricted funds
All Churches Trust Fund	(13,900)	5,500	-	(8,400)
Osberton Trust Fund	900	(930)	-	(30)
Saint Helen's Church Thorney	1,000	-	-	1,000
Saint Mary's Church Newstead	-	(5,250)	-	(5,250)
	(12,000)	(680)	-	(12,680)
TOTAL FUNDS	28,961	(65,708)	845	(35,902)

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Nottinghamshire Historic Churches Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

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 Mary's Church Newstead TOTAL FUNDS	Net movement At 1.4.22 in funds £ £ 94,969 2,670 500 (500) 8,400 (8,400) 539 (490) 5,500 3,000 2,000 (2,000) 5,250 (5,250) 22,189 (13,640) 117,158 (10,970)	At 31.3.24 £ 97,639 - - 49 8,500 - - 8,549 106,188

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	Movement
	resources	expended	losses	in funds
	£	£	£		£
Unrestricted funds
General fund	114,907	(112,823)	586		2,670
Restricted funds
Saint Peters Church Clayworth	-	(500)	-		(500)
All Churches Trust Fund	(13,900)	5,500	-		(8,400)
Osberton Trust Fund	1,400	(1,890)	-		(490)
Saint Helen's Church Thorney	3,000	-	-		3,000
Saint Mary's and Saint Martin's Church
Blyth	-	(2,000)	-		(2,000)
Saint Mary's Church Newstead	-	(5,250)	-		(5,250)
	(9,500)	(4,140)	-		(13,640)
TOTAL FUNDS	105,407	(116,963)	586		(10,970)

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Nottinghamshire Historic Churches Trust

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

13. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024, except as noted in note 7 above.

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Nottinghamshire Historic Churches Trust

Detailed Statement of Financial Activities for the Year Ended 31 March 2024

Detailed Statement of Financial Activities for the Year Ended 31 March 2024
	31.3.24	31.3.23
	£	£
INCOME AND ENDOWMENTS
Donations and legacies
Donations	30,892	11,930
Gift aid	2,071	1,962
Legacies	25,654	-
	58,617	13,892
Other trading activities
Cycle Ride gross receipts	17,699	17,508
Cycle Ride Returned to Churches	(7,919)	(8,088)
Friends’ income	3,392	2,545
Friends Expenses	(70)	-
Autumn Party	1,771	612
Ride and Stride expenses	(422)	(449)
Ride and Stride awards	(900)	(450)
Concert income	-	25
Concert expenses	-	(50)
	13,551	11,653
Investment income
Interest Receivable	2,572	1,742
Other income from Listed Investments	1,706	1,674
	4,278	3,416
Total incoming resources	76,446	28,961
EXPENDITURE
Raising donations and legacies
Share of Secretarial Fees and Expenses	2,607	2,362
Fund Raising Co-Ordinator	5,451	5,485
Printing Costs	960	930
Ride and Stride Co-Ordinator	1,081	991
	10,099	9,768
Charitable activities
Grants made to Churches	35,150	61,850
Grants to Churches Withdrawn	-	(12,200)
	35,150	49,650

This page does not form part of the statutory financial statements

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Nottinghamshire Historic Churches Trust

Detailed Statement of Financial Activities for the Year Ended 31 March 2024

Detailed Statement of Financial Activities for the Year Ended 31 March 2024
	31.3.24	31.3.23
	£	£
Support costs
Management
Grant Administrator fees and Expenses	2,276	2,513
Insurance	446	446
Share of Secretarial Fees and Expenses	2,607	2,360
Document Storage Costs	225	189
Web Site Costs	129	330
General expenses	111	189
	5,794	6,027
Finance
Bank charges	212	263
Total resources expended	51,255	65,708
Net income/(expenditure) before gains and
losses	25,191	(36,747)
Realised recognised gains and losses
Net movement in valuation of investments	(259)	845
Net income/(expenditure)	24,932	(35,902)

This page does not form part of the statutory financial statements

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