**REGISTERED CHARITY NUMBER: 1171623**
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2025
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 2025
||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 17|
|Detailed Statement of Financial Activities|18 to 19|
Nottinghamshire Historic Churches Trust
Reference and Administrative Information For the year ended 31 March 2025 **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. Richard Brackenbury President Mr. Graeme Renton Chairman Dr Jenny Alexander David Atkins Prof. John V Beckett 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
**Officers** Secretary Mrs. Anthea Moat Grants Administrator and Ride & Mrs. Margaret Lowe Stride organiser Fund Raising Co-Ordinator Mrs Maureen Hallam
**Website** www.nottshistoricchurchestrust.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 2025
The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. 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 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 2025
## **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 £45,550 (2024: 35,150). 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 received in the year totalled £32,701 (2024:58,617) of which £26,741 were unrestricted donations (2024: £56,137).
## **Ride and Stride**
The sponsorship income this period was £20,189 (2024: £17,699) of which £9,282 (2024: £7,919) was returned to participating churches.
## **Summer Party**
The summer party was held at Staunton Hall and this proved to be a great success.
Income raised from ticket sales amounted to £4,122 and the net income raised for the Trust was £2,675.
## **Friends**
The Friends number 124, including 14 life members
During the year there were 2 friends visits; to Kingston on Sour and Ratcliffe on Soar in April and to Clipstone and Edwinstowe in October.
## **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 2025
## **FINANCIAL REVIEW**
## **Income**
The income for the year after deducting the cost of fund-raising activities was £43,840 (2024: £66,343).
Donations in the period were £32,701 (2024: £56,617).
Activities for generating funds raised £15,629 (2024: £13,551) with the Ride and Stride being the main contributor. (See Note 3 and 5 for details).
Investment income was £5,395 (2024: £4,278).
The annual revaluation of the quoted investments owned by the Trust resulted in a surplus of £4,618 (2024: surplus of £259).
## **Expenditure**
The expenditure of the Trust, excluding grants, was £15,641 (2024: £16,109).
Expenses associated with generating income were £9,886 (2024: £10,099).
## **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 2025 this was £45,550 (2024: £35,150). This figure depends on the applications that we receive rather than the availability of funds.
## **Reserves**
During the year the Trust’s reserves decreased by £2,848 to £103,346 from £106,188 (2024 an increase of £24,932 from £81,256 to £106,188).
The overall movement within reserves is made up as follows:
Restricted funds decreased by £2,326 from £8,500 to £6,174 (2024 decreased by £1,009 from £9,509 to £8,500).
Unrestricted funds decreased by £522 from £97,688 to £97,166 (2024 increased by £25,941 from £71,747 to £97,688).
Restricted funds held by the trust at 31 March 2025 comprised:
1. In respect of Saint Helen’s Church Thorney £6,000
2. In respect of Osberton Trust for printing costs £174
## **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 – continued for the Year Ended 31 March 2025
## **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 10 September 2025 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 2025.
## **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: 7 January 2026
The notes form part of these financial statements
Page 6
Nottinghamshire Historic Churches Trust
## Statement of Financial Activities
## for the Year Ended 31 March 2025
|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
9
**NET INCOME /(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
funds
£
26,741
15,629
5,395
47,765
9,100
43,805
52,905
4,618
(522)
97,688
97,166|Restricted
funds
£
5,960
-
-
5,960
786
7,500
8,286
-
(2,326)
8,500
6,174|31.3.25
Total
funds
£
32,701
15,629
5,395
53,725
9,886
51,305
61,191
4,618
(2,848)
106,188
103,340|31.3.24
Total
funds
£
58,617
13,551
4,278|
|---|---|---|---|---|
|||||76,446|
|||||10,099
41,156|
|||||51,255|
|||||(259)
24,932
81,256
106,188|
The notes form part of these financial statements
Page 7
Nottinghamshire Historic Churches Trust
## Balance Sheet 31 March 2025
|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
£
£
47,072
-
2,821
-
111,983
6,174
114,804
6,174
(64,710)
-
50,094
6,174
97,166
6,174
97,166
6,174|31.3.25
Total
funds
£
47,072
2,821
118,157
120,978
(64,710)
56,268
103,340
103,340
97,166
6,174
103,340|31.3.24
Total
funds
£
42,454
2,512
119,758
122,270
(58,536)
63,734
106,188
106,188
97,688
8,500
106,188|
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. 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 2025
## **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.
## **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 2025
## **2. DONATIONS**
|**DONATIONS**
Whiteley Charitable Trust
Helen Jean Cope Charity
Djanogly Trust
David Crane Charity
Forman Hardy Charity
Duke of Portland's Charity
Lady Hind Trust
De Brito Trust
Poyser Fund
Jessie Spencer Trust
Gray Trust
Cynthia Witt Legacy
Beatrice Laing Trust
Thomas Farr Trust
Gift Aid
Other donations (anonymous and other
donations of less than £250)|Unrestricted
fund
£
5,000
-
500
500
500
250
10,000
-
500
3,000
1,500
-
-
-
2,115
2,876
26,741|Restricted
Funds
£
-
1,000
-
-
-
-
-
960
-
-
-
-
4,000
-
-
-
5,960|2025
Total
Funds
£
5,000
1,000
500
500
500
250
10,000
960
500
3,000
1,500
-
4,000
-
2,115
2,876
32,701|2024
Total
Funds
£
4,000
1,000
500
500
500
250
10,000
-
500
3,000
1,500
25,716
4,000
5,000
2,071
80
58,617|
|---|---|---|---|---|
Page 10
continued...
Nottinghamshire Historic Churches Trust
## Notes to the Financial Statements - continued for the Year Ended 31 March 2025
## **3. OTHER TRADING ACTIVITIES**
|**OTHER TRADING ACTIVITIES**
Cycle Ride gross receipts
Cycle Ride returned to churches
Friends income
Friends expenses
Cycle ride expenses
Cycle Ride awards
Summer Party Income
Summer Party expenses
Other income; book sale|Unrestricted
2025
£
20,189
(9,282)
3,215
(90)
(743)
(450)
4,122
(1,447)
115
15,629|Unrestricted
2025
£
-
-
-
-
-
-
-
-
-
-|Total
2025
£
20,189
(9,282)
3,215
(90)
(743)
(450)
4,122
(1,447)
115
15,629|Total
2024
£
17,699
(7,919)
3,392
(70)
(422)
(900)
4,260
(2,489)
-|
|---|---|---|---|---|
|||||13,551|
## **4. INVESTMENT INCOME**
|Interest receivable
Other income from listed investments
**5.**
**RAISING FUNDS**
**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
2025
£
3,715
1,680
5,395
Unrestricted
2025
£
2,317
5,742
-
1,041
9,100|Unrestricted
2025
£
-
-
-
Unrestricted
2025
£
-
-
786
-
786|Total
2025
£
3,715
1,680
5,395
Total
2025
£
2,317
5,742
786
1,041
9,886|Total
2024
£
2,572
1,706
4,278
Total
2024
£
2,317
5,742
960
1,080
10,099|
|---|---|---|---|---|
Page 11
continued...
Nottinghamshire Historic Churches Trust
## Notes to the Financial Statements - continued for the Year Ended 31 March 2025
## **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**|Unrestricted
2025
£
38,050
-
38,050
2,331
446
2,317
213
146
112
190
5,755
43,805|Unrestricted
2025
£
7,500
-
7,500
-
-
-
-
-
-
-
-
-
7,500|Total
2025
£
45,550
-
45,550
2,331
446
2,317
213
146
112
190
5,755
51,305|Total
2024
£
35,150
-|
|---|---|---|---|---|
|||||35,150
2,276
446
2,607
225
128
112
212|
|||||6,006|
|||||41,156|
## **7. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
## **Trustees' expenses**
One trustee (2024 one trustee) was reimbursed for expenses incurred in the course of acting as a trustee. The amount reimbursed was £63 (2024 £55).
Page 12
continued...
Nottinghamshire Historic Churches Trust
## Notes to the Financial Statements - continued
## for the Year Ended 31 March 2025
|**8.**|**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|56,367|2,250||58,617|
||Other trading activities|13,551||-|13,551|
||Investment income|4,278||-|4,278|
||**Total**|74,196|2,250||76,446|
||**EXPENDITURE ON**|||||
||Raising funds|9,340|759||10,099|
||**Charitable activities**|||||
||Making grants to places of worship|38,656|2,500||41,156|
||**Total**|47,996|3,259||51,255|
||Net gains/(losses) on investments|(259)||-|(259)|
||**NET INCOME/(EXPENDITURE)**|25,941|(1,009)||24,932|
||**RECONCILIATION OF FUNDS**|||||
||Total funds brought forward|71,747|9,509||81,256|
||**TOTAL FUNDS CARRIED FORWARD**|97,688|8,500||106,188|
|**9.**|**FIXED ASSET INVESTMENTS**|||||
||||||Listed|
||||||investments|
||||||£|
||**MARKET VALUE**|||||
||At 1 April 2024||||42,454|
||Revaluations||||4,618|
||At 31 March 2025||||47,072|
||**NET BOOK VALUE**|||||
||At 31 March 2025||||47,072|
||At 31 March 2024||||42,454|
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 2025
**9. FIXED ASSET INVESTMENTS - continued**
Cost or valuation at 31 March 2025 is represented by:
|Valuation in 2018
Valuation in 2018
Valuation in 2019
Valuation in 2020
Valuation in 2021
Valuation in 2022
The cost or valuation at 31 March 2025 is represented by:
Cost
Cumulative valuations to 31 March 2024
Market value at 31 March 2023
Valuation 2025
Market value at 31 March 2024
**10.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
Prepayments and accrued income
**11.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Grants payable
Trust
Accrued expenses|31.3.25
£
2,375
446
2,821
31.3.25
£
64,150
560
64,710|Listed
investments
£
26,001
12,783
(383)
(11,675)
12,712
2,429
41,867
Listed
Investments
£
26,001
16,453
42,454
4,618
47,072
31.3.24
£
2,066
446
2,512
31.3.24
£
57,950
586
58,536|
|---|---|---|
||||
||||
Page 14
continued...
Nottinghamshire Historic Churches Trust
## Notes to the Financial Statements - continued for the Year Ended 31 March 2025
## **12. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
**Restricted funds**
Printing costs
Saint Helen's Church Thorney
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
47,765
**Restricted funds**
Duke of Portland's Charity Fund
960
Saint Helen's Church Thorney
5,000
5,960
**TOTAL FUNDS**
53,725|At 1.4.24
£
97,688
-
8,500
8,500
106,188
Resources
expended
£
(52,905)
(786)
(7,500)
(8,286)
(61,191)|Net
movement
in funds
£
(522)
174
(2,500)
(2,326)
(2,848)
Gains and
losses
£
4,618
-
-
-
4,618|At
31.3.25
£
97,166
174
6,000
6,174
103,340
Movement
in funds
£
(522)
174
(2,500)
(2,326)
(2,848)|
|---|---|---|---|
Page 15
continued...
Nottinghamshire Historic Churches Trust
## Notes to the Financial Statements - continued for the Year Ended 31 March 2025
## **12. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|Net
movement
At 1.4.23
in funds
£
£
**Unrestricted funds**
General fund
71,747
25,941
**Restricted funds**
Saint Peters Church Cleworth
500
(500)
Duke of Portland's Charity Fund
509
(509)
Saint Helen's Church Thorney
6,500
2,000
Saint Mary's and Saint Martin's Church
Blyth
2,000
(2,000)
9,509
(1,009)
**TOTAL FUNDS**
81,256
24,932
Comparative net movement in funds, included in the above are as follows:|At
31.3.24
£
97,688
-
-
8,500
-
8,500
106,188|
|---|---|
|**Unrestricted funds**
General fund
**Restricted funds**
Saint Peters Church Clayworth
Duke of Portland's Charity Fund
Saint Helen's Church Thorney
Saint Mary's and Saint Martin's Church
Blyth
**TOTAL FUNDS**|Incoming
Resources
Gains and
Movement
resources
expended
losses
in funds
£
£
£
£
74,196
(47,996)
(259)
25,941
-
(500)
-
(500)
250
(759)
-
(509)
2,000
-
-
2,000
-
(2,000)
-
(2,000)
2,250
(3,259)
-
(1,009)
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 2025
## **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
Duke of Portland's Charity Fund
Saint Helen's Church Thorney
Saint Mary's and Saint Martin's Church
Blyth
**TOTAL FUNDS**|At 1.4.23
£
71,747
500
509
6,500
2,000
9,509
81,256|Net
movement
in funds
£
25,419
(500)
(335)
(500)
(2,000)
(3,335)
22,084|At
31.3.25
£
97,166
-
174
6,000
-
6,174
103,340|
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|
**Unrestricted funds**
General fund
**Restricted funds**
Saint Peters Church Clayworth
Duke of Portland's Charity Fund
Saint Helen's Church Thorney
Saint Mary's and Saint Martin's Church
Blyth
**TOTAL FUNDS**|Incoming
Resources
Gains and
Movement
resources
expended
losses
in funds
£
£
£
£
122,486
(101,426)
4,359
25,419
-
(500)
-
(500)
1,210
(1,545)
-
(335)
7,000
(7,500)
-
(500)
-
(2,000)
-
(2,000)
8,210
(11,545)
-
(3,335)
130,696
(112,971)
4,359
22,084|
|---|---|
## **13. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2025.
Page 17
Nottinghamshire Historic Churches Trust
|Detailed Statement of Financial Activities|||
|---|---|---|
|for the Year Ended 31 March 2025|||
||31.3.25|31.3.24|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations|30,586|30,892|
|Gift aid|2,115|2,071|
|Legacies|-|25,654|
||32,701|58,617|
|**Other trading activities**|||
|Cycle Ride gross receipts|20,189|17,699|
|Cycle Ride Returned to Churches|(9,282)|(7,919)|
|Friends income|3,215|3,392|
|Friends Expenses|(90)|(70)|
|Autumn Party|2,673|1,771|
|Ride and Stride expenses|(743)|(422)|
|Ride and Stride awards|(450)|(900)|
|Book sale|115|-|
||15,627|13,551|
|**Investment income**|||
|Interest Receivable|5,397|2,572|
|Other income from Listed Investments|-|1,706|
||5,397|4,278|
|**Total incoming resources**|54,250|76,446|
|**EXPENDITURE**|||
|**Raising donations and legacies**|||
|Share of Secretarial Fees and Expenses|2,317|2,607|
|Fund Raising Co-Ordinator|5,742|5,451|
|Printing Costs|786|960|
|Ride and Stride Co-Ordinator|1,041|1,081|
||9,886|10,099|
|**Charitable activities**|||
|Grants made to Churches|45,550|35,150|
|**Support costs**|||
|**Management**|||
|Grant Administrator fees and Expenses|2,332|2,276|
|Carried forward|2,332|2,276|
This page does not form part of the statutory financial statements
Page 13
## Nottinghamshire Historic Churches Trust
|Detailed Statement of Financial Activities|||
|---|---|---|
|for the Year Ended 31 March 2025|||
||31.3.25|31.3.24|
||£|£|
|**Management**|||
|Brought forward|2,332|2,276|
|Insurance|446|446|
|Share of Secretarial Fees and Expenses|2,317|2,607|
|Document Storage Costs|213|225|
|Web Site Costs|146|129|
|Meeting expenses|64|-|
|General expenses|48|111|
||5,566|5,794|
|**Finance**|||
|Bank charges|189|212|
|Total resources expended|61,716|51,255|
|**Net (expenditure)/income before gains**|||
|**and losses**|(7,466)|25,191|
|**Realised recognised gains and losses**|||
|Net movement in valuation of investments|4,618|(259)|
|**Net (expenditure)/income**|(2,848)|24,932|
This page does not form part of the statutory financial statements
Page 19