**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
Page 4
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
Page 7
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.
Page 9
continued...
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.
Page 10
continued...
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|
|---|---|---|
Page 11
continued...
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.
Page 12
continued...
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|
|---|---|---|---|
Page 13
continued...
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|
|||
|||
Page 14
continued...
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|
Page 15
continued...
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|
Page 16
continued...
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)|
Page 17
continued...
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)|
Page 18
continued...
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.
Page 19
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
Page 20
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
Page 21