**THE YORKSHIRE HISTORIC CHURCHES TRUST (Registered Charity 1175099)**
**ANNUAL REPORT AND ACCOUNTS**
**FOR THE YEAR TO 31 DECEMBER 2022**
THE YORKSHIRE HISTORIC CHURCHES TRUST (Registered Charity 1175099)
|INDEX|PAGE|
|---|---|
|TRUSTEES REPORT|1-4|
|INDEPENDENT EXAMINER’S REPORT|5|
|RECEIPTS AND PAYMENTS ACCOUNT|6|
|ASSETS AND LIABILITIES|7|
|NOTES TO THE ACCOUNTS|8-12|
## THE YORKSHIRE HISTORIC CHURCHES TRUST
(Registered charity 1175099)
TRUSTEES REPORT FOR THE YEAR TO 31 DECEMBER 2022
## **OBJECTIVES AND ACTIVITIES**
The Charity is a charitable incorporated organisation (CIO) registered with the Charity Commission on 11 October 2017 with the purpose of taking over the assets and liabilities of The Yorkshire Historic Churches Trust (registered charity 700639). The transfer took place with effect from 1 February 2018.
The purpose of the Trust is the preservation, repair, maintenance and improvement of Christian Churches in Yorkshire and of the monuments, fittings, fixtures, stained glass, furniture, ornaments, bells, clocks and chimes in such Churches and the churchyard belonging to such Churches.
The trustees confirm that the Charity has complied with its duty to have regard to the guidance on public benefit published by the Charity Commission.
## **ACHIEVEMENTS AND PERFORMANCE**
The Charity achieves its objectives by paying grants to churches and chapels for the carrying out of works within the objectives of the Charity. It is the policy of the Charity to award in grants in each year an amount approximating to its income after expenses (other than grants) for the previous year, and in the event of any awarded grant lapsing to reallocate the amount lapsed or if any balance is unawarded in any year to carry it forward to the following year. Grants are awarded by the Trustees on the recommendation of a committee which proposes grants on the basis of the Charity’s objectives, and the applicant’s needs, balanced against the resources allocated for awards. The Charity seeks to keep in cash deposits sufficient funds to pay all grants awarded or allocated.
During the period covered by the accounts £93,030 was paid out in grants and £107,300 of grants were awarded. At the year-end grants totalling £136,464 were outstanding for payment on completion of the work. Details of all grants paid or lapsed in the period covered by these accounts and all grants awarded but unpaid at 31 December 2022 are shown in the notes to the accounts. During 2022 the income of the Charity (after allowing for the monthly withdrawals from the Investment Fund and including legacies of £61,750 transferred to the Investment Fund for expenditure in later years) amounted to £230,288 (2021 £122,700) and its expenses (other than grants) were £23,954 (2021 £18,775) showing a surplus after the legacy transfer of £144,584 (2021 £103,925). Taking into account one grant relating to 2021 but received in 2022, the Trustees have allocated £130,000 for award in 2023, increased to £153,821 by the contribution from legacies and an unawarded allocation from 2022 of £15,521.
The greater part of the Charity’s income derives from grants from charitable trusts and it is most grateful to them for their support, and particularly to the Liz & Terry Bramall Foundation which has supported the Charity for many years and has renewed its support for a further 5 years in an increased amount. The trusts supporting the Charity are listed in note 3 to the accounts.
1
## THE YORKSHIRE HISTORIC CHURCHES TRUST
(Registered charity 1175099)
## TRUSTEES REPORT FOR THE YEAR TO 31 DECEMBER 2022
The Charity participates in the national Ride & Stride event held in September as a means of raising funds for the Charity and the churches or chapels of the participants. In September this event only attracted one participant and raised £335 of which half was rebated in grants to the participant’s nominated church. The Trustees continue to review the declining income from this event.
The Charity has a membership of 143 friends and 87 subscribing churches. In addition to an annual report they receive periodic newsletters and activities, such as tours, lectures and social events, are organised to maintain contact and support. Online lectures introduced in 2020 as a response to Covid-19 proved successful and are being continued as a regular event.
The Charity seeks to demonstrate the public value of its work in supporting churches by encouraging churches, clergy and congregations to publicise its contributions and by promoting its activities through media coverage, locally and nationally including increasingly on social media. Yorkshire Churches Day to promote the work and membership of the Charity and raise funds was launched in September 2022 on a trial basis and is intended to be rolled out annually on a wider basis.
The Charity is grateful to the members and volunteers who have given their time to organise tours and events and to members who support them.
## **FINANCIAL POLICIES**
## Legacies and Bequests
Since legacies and bequests are not received on a regular basis and in order to even out year on year the amount available for grants, legacies and bequests are not treated as income distributable in the year following receipt. Those under £2,000 are allocated for grants at the next 6-monthly grant meeting following receipt; those in excess of £2,000 but under £5,000 are allocated as to 50% at each of the next two meetings; those between £5,000 and £25,000 are allocated at the rate of 20% per annum and those over £25,000 are allocated at the rate of 10% per annum; pending distribution legacies and bequests will be invested as part of the investment Fund.
## Investment
Funds required to meet grants awarded or allocated are held on deposit with the Central Board of Finance of the Church of England and banks. Funds not immediately required for this purpose are held in the form of listed investments managed on a discretionary basis by professional investment managers. The present managers were appointed following a selection process managed by a subcommittee of the Trustees during 2019. A monthly transfer (indexed to inflation) is drawn from the income and/or capital of the portfolio. The present mandate for the investment managers is to invest at medium to high risk and to generate a return after charges of at least CPI + approximately 3.2% on the portfolio. These funds and the returns made are regularly monitored by the Trustees.
2
## THE YORKSHIRE HISTORIC CHURCHES TRUST
(Registered charity 1175099)
## TRUSTEES REPORT FOR THE YEAR TO 31 DECEMBER 2022
## Reserves
The Charity operates on the basis that it distributes in each year the surplus of the previous year and during the course of a year retains that surplus in cash deposits as a reserve for distribution in the following year; it requires very little by way of additional reserves since administrative costs can readily be met out of the monthly investment withdrawal. The free reserves at 31 December 2022 were £4,076 (2021 £11,941) after allowing for £50,000 made available for investment as part of the Investment Fund but which may be recalled at any time. The Trustees consider this sufficient. The Charity does not retain reserves for future grant awards but distributes the whole surplus of the year whether more or less than previous years. It is the Trustees intention that the designated Investment Fund should remain invested to provide increasing income to be expended on the charitable objects of the Charity, but the Fund remains available for expenditure for these purposes at the discretion of the Trustees.
## **RISK MANAGEMENT**
The Charity has performed a Risk Management Review to identify the risks associated with its activities, and systems and procedures are in place to manage the risks and adequate insurance is maintained.
## **LEGAL STRUCTURE**
The Charity is a Charitable Incorporated Organisation managed by not less than four nor more than ten charity trustees; at 31 December there were ten Trustees. The Trustees meet four times a year. At present the Charity has one committee chaired by a Trustee charged with recommending grants to be awarded by the Charity.
## **REFERENCE AND ADMINISTRATIVE INFORMATION**
## **TRUSTEES**
Trustees who served during the period were:
Tom Ramsden – Chairman
Richard Bailey – Treasurer Robert Beaumont (appointed 22 April 2022) Jane Crease (reappointed 22 April 2022) Moira Fulton (reappointed 28 October 2022) Kate Giles Sylvia Johnson – Chairman of Grants committee Clive Lloyd Rory Wardroper (reappointed 28 October 2022) Michael Wildblood (reappointed 28 October 2022)
3
THE YORKSHIRE HISTORIC CHURCHES TRUST (Registered charity 1175099)
## TRUSTEES REPORT FOR THE YEAR TO 31 DECEMBER 2022
**Treasurer Secretary (principal address) Grant Secretary** Richard Bailey Mrs Vanessa White Jonathan Stamp 2 Dalton Terrace 77 Silverdale Close 11 Ovington Close YORK Guiseley Templetown YO24 4DA LEEDS CONSETT LS20 8BE Co. Durham DH8 7NY **Investment Managers Bankers Solicitors** abrdn Capital Ltd Co-operative Bank Lupton Fawcett Denison Till Minerva House PO Box 101 Stamford House 29 East Parade 1 Balloon Street Piccadilly LEEDS MANCHESTER YORK LS1 5PS M60 4EP YO1 9PP
**Independent Examiner** Sarah Wearing FCA, DChA HPH Chartered Accountants 54 Bootham YORK YO30 7XZ
Approved by the Trustees on 28 April 2023 and signed on behalf of the Charity by:
……………………………………………………………. Tom Ramsden (Chairman)
4
## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE YORKSHIRE HISTORIC CHURCHES TRUST**
I report to the trustees on my examination of the accounts of The Yorkshire Historic Churches Trust (the “Trust”) for the year ended 31 December 2022.
This report is made solely to the charity's trustees, as a body, in accordance with Section 154 of the Charities Act 2011. My independent examination work has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Trust and the charity's trustees as a body, for my independent examination work, for this report, or for the opinions I have formed.
## **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 2011 Act and in carrying out my examination I have followed all the 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.
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.
Sarah Wearing FCA, DChA HPH, Chartered Accountants 54 Bootham YORK YO30 7XZ
28 April 2023
5
## **THE YORKSHIRE HISTORIC CHURCHES TRUST RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR TO 31 DECEMBER 2022**
|Note
**GENERAL FUND**
**Receipts**
Donations and Legacies
Donations and Subscriptions
Church Collections
Grants from charitable trusts
3
Gift Aid tax reclaim
Yorkshire Churches Day
Legacies and Bequests
Miscellaneous
Other activities
Sponsored event
Events
Financial activities
Interest on deposits
**Total receipts**
**Payments**
Charitable Activities
Grants to churches
4
Sponsored ride - repaid to churches
Yorkshire Churches Day
Raising funds
Events
Administration costs
8 & 9
Administration of grants
Administration of membership
Administration of charity
**Total payments**
**Net Receipts/(Payments) before transfer**
Transfer of income from Investment Fund
Transfer of capital from Investment Fund
Transfer of bequests to Investment Fund
**Net Receipts/(Payments) after transfers**
**INVESTMENT FUND**
**Receipts**
Income of Investment Fund
Sale of investments
Capital receipts
**Payments**
Purchase of investments
Investment management fees
**Net Receipts/(Payments) before transfer**
Transfer of income to General Fund
Transfer of cash(legacies) to Investment Fund
Transfer of capital to General Fund
**Net Receipts/(Payments) after transfers**
**Reconciliation of Funds**
Total Funds brought forward
Net receipts/(payments)
Total cash funds carried forward|2022
Restricted
Funds
£
-
-
40,000
-
-
-
-
-
-
-
40,000
12,100
-
-
-
-
-
-
12,100
27,900
-
-
-
27,900
-
-
-
-
-
-
-
-
-
-
-
7,100
27,900
35,000|2022
Unrestricted
Funds
£
20,887
269
61,500
3,333
150
65,904
18
335
2,815
1,237
156,448
80,930
218
5,767
739
4,619
3,840
8,771
104,884
51,564
33,840
-
(61,750)
23,654
34,596
287,403
111
322,110
333,894
8,949
342,843
(20,733)
(33,840)
61,750
-
7,177
202,077
30,831
232,908|2022
Total
Funds
£
20,887
269
101,500
3,333
150
65,904
18
335
2,815
1,237
196,448
93,030
218
5,767
739
4,619
3,840
8,771
116,984
79,464
33,840
-
(61,750)
51,554
34,596
287,403
111
322,110
333,894
8,949
342,843
(20,733)
(33,840)
61,750
-
7,177
209,177
58,731
267,908|2021
Total
Funds
£
17,902
-
62,900
3,324
-
-
720
583
1,607
759|
|---|---|---|---|---|
|||||87,795|
|||||109,400
253
-
1,393
4,001
3,730
9,398|
|||||128,175|
|||||(40,380)
30,722
4,183
-|
|||||(5,475)|
|||||30,882
85,815
14|
|||||116,711|
|||||113,003
8,879|
|||||121,882|
|||||(5,171)
(30,722)
-
(1,498)|
|||||(37,391)|
|||||252,043
(42,866)|
|||||209,177|
6
## **THE YORKSHIRE HISTORIC CHURCHES TRUST ASSETS AND LIABILITIES ACCOUNT FOR THE YEAR TO 31 DECEMBER 2022**
|Note
**CASH ASSETS**
CBF of Church of England Deposit Fund
Bank Deposits
11
Current Account
11
Deposit within Investment Fund
Income within Investment Fund
**Total Cash Assets**
**INVESTMENT ASSETS**
Investments
12
**TOTAL ASSETS**
**LIABILITIES**
Amounts falling due within one year
Grants to churches
6
**TOTAL LIABILITIES**
**NET ASSETS**
**THE FUNDS OF THE CHARITY**
Investment Fund
12
Grant Fund
Assets
7
Liabilities
6
General Fund
**TOTAL CHARITY FUNDS**|2022
Restricted
Funds
£
-
35,000
-
-
-
35,000
-
35,000
24,000
24,000
11,000
-
35,000
24,000
11,000
-
11,000|2022
Unrestricted
Funds
£
104,703
103,520
1,139
21,385
2,161
232,908
1,052,691
1,285,599
112,464
112,464
1,173,135
1,076,238
255,285
112,464
142,821
(45,924)
1,173,135|2022
Total
Funds
£
104,703
138,520
1,139
21,385
2,161
267,908
1,052,691
1,320,599
136,464
136,464
1,184,135
1,076,238
290,285
136,464
153,821
(45,924)
1,184,135|2021
Total
Funds
£
26,703
163,237
2,867
16,209
160|
|---|---|---|---|---|
|||||209,176|
|||||1,164,548|
|||||1,373,724|
|||||128,865|
|||||128,865|
||||||
|||||1,244,859|
|||||1,180,918
230,865
128,865|
|||||102,000
(38,059)|
|||||1,244,859|
The Notes on pages 8 to 12 form part of these financial statements
Approved by the Trustees on 28 April 2023
T J P RAMSDEN Chairman
R C BAILEY Treasurer
7
**THE YORKSHIRE HISTORIC CHURCHES TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **1. GENERAL INFORMATION**
The charity is a Charitable Incorporated Organisation registered with the Charity Commission for England and Wales and is governed by the Charities Act 2011.
## **2. ACCOUNTING POLICIES**
## **Basis of Accounts**
The financial statements have been prepared to give a ‘true and fair’ view on a receipts and payments basis and under the historical cost convention, modified to include investments at market value.
The significant accounting policies applied in the preparation of these financial statements are set out below.
## **Funds**
Unrestricted monies held are those which the trustees are free to use in accordance with the charitable objectives of the Trust.
Designated funds represent funds set aside by the trustees out of unrestricted funds for grants to churches or investment.
Restricted Funds are those where the use has been specified by the donor.
## **Income**
All income is included in the Receipts and Payments account when received by the Charity.
Investment income generated is allocated to general unrestricted purposes.
Subscriptions are included in the Receipts and Payments account at the time of receipt. Advance and Life subscriptions are not offered. Life membership and advance subscriptions not yet recognised by the predecessor trust have been recognised by the charity in the period covered by these accounts.
## **Expenditure**
Expenditure is accounted for on a payments basis and has been classified under headings that aggregate all costs related to the category. The Trust is not registered for VAT and accordingly expenditure is shown gross of irrecoverable VAT.
Charitable expenditure comprises those costs incurred by the charity in pursuit of its charitable objects.
## **Grants**
Grants payable are included in the Receipts and Payments account for the year in which they are paid by the Charity; grants awarded but not yet paid are regarded as a liability of the Charity.
## **Investments**
Quoted investments held in the nature of fixed assets are stated at market value.
Bank and other deposits held to meet operating requirements are treated as current assets.
8
## **THE YORKSHIRE HISTORIC CHURCHES TRUST NOTES TO THE ACCOUNTS FOR THE YEAR TO 31 DECEMBER 2022**
|||2022|2022|2022|2021|
|---|---|---|---|---|---|
|||Restricted|Unrestricted|Total|Total|
|||Funds|Funds|Funds|Funds|
|**3**|**GRANTS FROM CHARITABLE TRUSTS**|£|£|£|£|
||Liz & Terry Bramall Foundation|-|60,000|60,000|60,000|
||Holy Rood Community Trust|40,000|-|40,000|1,500|
||Ilkley Trust|-|500|500|400|
||Spooner Trust|-|1,000|1,000|1,000|
|||40,000|61,500|101,500|62,900|
|**4**|**GRANTS TO CHURCHES**|£|£|£|£|
||**Grants Paid**|||||
||Airton, Quaker Meeting House|-|5,000|5,000|-|
||Bawtry, St Nicholas|-|7,000|7,000|-|
||Bradford, St Patrick Mission|-|4,000|4,000|-|
||Brighouse, Central Methodist Church|-|3,000|3,000|-|
||Campsall. St Mary Magdalene|-|1,000|1,000|-|
||Crathorne, St Mary's Chapel|-|4,000|4,000|-|
||Fulford, St Oswald|100|3,750|3,850|-|
||Harswell, St Peter|2,000|-|2,000|-|
||High Bradfield, St Nicholas|-|4,000|4,000|-|
||Hoyland, St Peter|-|1,000|1,000|-|
||Hutton Magna, St Mary|-|2,000|2,000|-|
||Ilkley(Menston) St John|-|4,000|4,000|-|
||Leeds, Holy Rosary Catholic Church|-|1,500|1,500|-|
||Middleton Tyas, St Michael & All Angels|-|2,500|2,500|-|
||Minskip, St John|-|3,300|3,300|-|
||Mosborough, Methodist Church|-|5,000|5,000|-|
||Nunnington, All Saints & St James|-|1,880|1,880|-|
||Riccall, St Mary|-|4,000|4,000|-|
||Ripon, St Wilfrid|-|4,000|4,000|-|
||Rotherham Minster (All Saints)|-|5,500|5,500|-|
||Sessay, St Cuthbert|-|4,000|4,000|-|
||Sigglesthorne, St Lawrence|-|7,000|7,000|-|
||Skipwith, St Helen|7,000|-|7,000|-|
||Stillington (York), St Nicholas|2,000|-|2,000|-|
||Thornaby, St Peter|1,000|-|1,000|-|
||Thornton in Lonsdale, St Oswald|-|3,500|3,500|-|
||Paid in prior year|-|-|-|109,400|
|||12,100|80,930|93,030|109,400|
|All the|above grants approved from restricted designated and unrestricted funds|||were to institutions.||
|**5**|**GRANTS WITHDRAWN**|£|£|£|£|
||Cleckheaton, St John|-|3,000|3,000|-|
||Total|-|3,000|3,000|-|
9
## **THE YORKSHIRE HISTORIC CHURCHES TRUST NOTES TO THE ACCOUNTS FOR THE YEAR TO 31 DECEMBER 2022**
|2022
Restricted
Funds
**6**
**GRANTS AWARDED BUT UNPAID**
£
Baildon, St James
-
Bierley, St John the Evangelist
-
Bradford, St Cuthbert
-
Bradford, St Joseph
-
Chopgate, St Hilda
3,000
Gargrave, St Andrew
-
Golcar, Providence Methodist
-
Golcar, St John the Evangelist
-
Goole, St John
-
Great Ouseburn, St Mary
-
Harome, St Saviour
-
Heckmondwike, Holy Spirit
-
Leeds, All Hallows
-
Leeds, Cathedral Church of St Anne
-
Leeds, Our Lady of Lourdes
-
Marr, St Helen
-
Reeth, Evangelical Congregational Church
-
Ripponden, Stones Methodist
-
Settrington, All Saints
6,000
Sheffield, Cemetery Road Baptist Church
-
Sheffield, St Margaret
-
Sheffield, St Thomas
-
Skirlaugh, St Augustine
-
Slaithwaite, St James
-
Slingsby, All Saints
4,000
Snape, St Mary's Chapel
-
South Stainley, St Wilfrid
-
Winestead, St Germain
6,000
Woodkirk, St Mary the Virgin
-
Womersley, St Martin
-
Yapham cum Meltonby, St Martin
5,000
York, Central Methodist Church
-
Awarded but unpaid at end of prior year
-
24,000|2022
Restricted
Funds
**6**
**GRANTS AWARDED BUT UNPAID**
£
Baildon, St James
-
Bierley, St John the Evangelist
-
Bradford, St Cuthbert
-
Bradford, St Joseph
-
Chopgate, St Hilda
3,000
Gargrave, St Andrew
-
Golcar, Providence Methodist
-
Golcar, St John the Evangelist
-
Goole, St John
-
Great Ouseburn, St Mary
-
Harome, St Saviour
-
Heckmondwike, Holy Spirit
-
Leeds, All Hallows
-
Leeds, Cathedral Church of St Anne
-
Leeds, Our Lady of Lourdes
-
Marr, St Helen
-
Reeth, Evangelical Congregational Church
-
Ripponden, Stones Methodist
-
Settrington, All Saints
6,000
Sheffield, Cemetery Road Baptist Church
-
Sheffield, St Margaret
-
Sheffield, St Thomas
-
Skirlaugh, St Augustine
-
Slaithwaite, St James
-
Slingsby, All Saints
4,000
Snape, St Mary's Chapel
-
South Stainley, St Wilfrid
-
Winestead, St Germain
6,000
Woodkirk, St Mary the Virgin
-
Womersley, St Martin
-
Yapham cum Meltonby, St Martin
5,000
York, Central Methodist Church
-
Awarded but unpaid at end of prior year
-
24,000|2022
Unrestricted
Funds
£
1,000
4,000
10,000
3,000
-
1,300
3,500
3,200
6,000
3,000
5,000
3,000
10,000
4,000
3,500
3,500
5,250
5,000
-
2,500
3,500
3,500
6,385
5,000
-
329
3,000
-
7,000
2,500
-
4,500
-
112,464|2022
Total
Funds
£
1,000
4,000
10,000
3,000
3,000
1,300
3,500
3,200
6,000
3,000
5,000
3,000
10,000
4,000
3,500
3,500
5,250
5,000
6,000
2,500
3,500
3,500
6,385
5,000
4,000
329
3,000
6,000
7,000
2,500
5,000
4,500
-
136,464|2021
Total
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
128,865|
|---|---|---|---|---|
||24,000|||128,865|
10
## **THE YORKSHIRE HISTORIC CHURCHES TRUST NOTES TO THE ACCOUNTS FOR THE YEAR TO 31 DECEMBER 2022**
|**7 GRANT FUND**
Grants awarded but unpaid at 1 January 2022
Grants awarded 2022
Grants paid to churches
Grants withdrawn/reduced
Grants awarded but unpaid at 31 December 2022
2022 Allocation unawarded
Allocation for grants for 2023
Total Fund at 31 December 2022
**8 ADMINISTRATION COSTS**
Administration of Grants
Grant Secretary - Salary and expenses
Printing and Photocopying
Administration of Membership
Secretarial Fees
Administration of charity
Secretarial Expenses
Printing, stationery & postage
Independent Examination Fee (Audit fee)
Insurance
Website Development
Sundries
**9 STAFF COSTS**
Salaries
Average Head Count|2022
Restricted
Funds
£
7,100
29,000
(12,100)
-
24,000
11,000
-
35,000|2022
Unrestricted
Funds
£
121,765
78,300
(80,930)
(6,671)
112,464
4,521
138,300
255,285|2022
Total
Funds
£
128,865
107,300
(93,030)
(6,671)
136,464
15,521
138,300
290,285
£
4,093
526
4,619
3,840
3,840
5,120
640
1,500
1,005
374
132
8,771
4,068
£
1|2021
Total
Funds
£
116,750
121,515
(109,400)
-|
|---|---|---|---|---|
|||||128,865
-
102,000|
|||||230,865|
|||||£
3,962
39|
|||||4,001|
|||||3,730|
|||||3,730|
|||||5,370
563
1,500
964
925
76|
|||||9,398|
|||||3,900
£
1|
## 10 **TRUSTEES EXPENSES**
No reimbursment of expenses was made to any trustee (2021 £nil). No Trustee nor any person connected with them may receive any remuneration directly or indirectly from the Charity's funds.
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**THE YORKSHIRE HISTORIC CHURCHES TRUST NOTES TO THE ACCOUNTS FOR THE YEAR TO 31 DECEMBER 2022**
|||2022|2021|
|---|---|---|---|
|**11**|**BANK DEPOSITS**|£|£|
||Charity Bank|23,947|83,662|
||Co-operative Bank - Business deposit account|48,564|23,644|
||United Trust Bank - 100 day notice account|20,009|-|
||United Trust Bank - 1 year bond to 17/6/23|46,000|-|
||Hampshire Trust Bank 1 year bond to 11/5/22|-|20,644|
||Hampshire Trust Bank 2 year bond to 22/10/22|-|10,287|
||Hampshire Trust Bank 1 year bond to 17/10/22|-|25,000|
|||138,520|163,237|
||**CURRENT ACCOUNT**|||
||Co-operative Bank|1,139|2,867|
|**12**|**INVESTMENTS**|£|£|
||Quoted Investments|||
||Market Value at 1 January 2022|1,164,548|1,007,333|
||Market Value at 31 December 2022|1,052,691|1,164,548|
||Historical Cost at 31 December 2022|969,584|941,708|
||Investments held at 31 December 2022 by category are:|||
||UK Government Bonds|80,985|25,155|
||UK Bond Funds|62,739|62,287|
||Global Bond Funds|-|56,213|
||UK Equities|275,257|288,743|
||UK EquityFunds|5,391|27,842|
||UK Property Funds|11,725|17,988|
||European Equities|185,624|220,521|
||North American Equities|229,260|318,673|
||Asian Equities|31,168|40,920|
||Foreign & Global Funds|12,031|-|
||Alternatives and Infastructure|121,200|106,206|
||Liquidity Funds|37,311|-|
|||1,052,691|1,164,548|
NB The Investment Fund includes £50,000 transferred from the General Fund which may be recalled to the General Fund at any time.
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