**THE YORKSHIRE HISTORIC CHURCHES TRUST (Registered Charity 1175099)**
## **ANNUAL REPORT AND ACCOUNTS**
**FOR THE YEAR TO 31 DECEMBER 2024**
## **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 2024**
## **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 and maintenance 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 £130,964 was paid out in grants and £183,200 of grants were awarded. At the year-end grants totalling £184,200 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 2024 are shown in the notes to the accounts. During 2024 the income of the Charity (after allowing for the monthly withdrawals from the Investment Fund and including legacies of £34,950 transferred to the Investment Fund for expenditure in later years) amounted to £216,157 (2023 £193,656) and its expenses (other than grants) were £23,318 (2023 £24,538) showing a surplus after the legacy transfer of £157,889 (2023 £156,368). The Trustees have allocated £178,000 for award in 2025, including a contribution from legacies of £13,608 and an unawarded allocation from 2024 of £3,284.
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 promised support for at least a further 3 years. The trusts supporting the Charity are listed in note 3 to the accounts.
The Charity participates in the national Ride & Stride event held in September in conjunction with Yorkshire Churches Day as a means of raising funds for the Charity and the churches or chapels of the participants. This year this event attracted four participant groups and raised £3,463 of which half was rebated in grants to the participants nominated churches.
1
## **THE YORKSHIRE HISTORIC CHURCHES TRUST (Registered charity 1175099)**
## **TRUSTEES REPORT FOR THE YEAR TO 31 DECEMBER 2024**
The Charity has a membership of 128 friends and 62 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 originally introduced in 2020 as a response to Covid-19 have proved successful and are being continued regularly every winter.
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 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 has become an annual event coordinated with Heritage Open Day.
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 in the CBF Church of England Fund or on deposit with 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 sub-committee of the Trustees during 2019. A monthly transfer (indexed to inflation) is drawn from the income and when required 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.
## 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 does not require additional reserves since administrative costs can readily be met out of the monthly investment withdrawal. At 31 December 2024 there was a deficit of £108 (2023 £5,612) on the general fund 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 do not consider this to be of concern given that a significant proportion of the grants to be awarded in 2025 will not be paid before 2026 and the availability of the investment fund. 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.
2
**THE YORKSHIRE HISTORIC CHURCHES TRUST (Registered charity 1175099)**
## **TRUSTEES REPORT FOR THE YEAR TO 31 DECEMBER 2024**
## **RISK MANAGEMENT**
The Charity has performed a Risk Management Review to identify 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 two committees chaired by Trustees, one charged with recommending grants to be awarded by the Charity, the other organising events for members.
## **REFERENCE AND ADMINISTRATIVE INFORMATION**
## **TRUSTEES**
Trustees who served during the period were:
Tom Ramsden – Chairman
Richard Bailey – Treasurer (reappointed 12 July 2024) Robert Beaumont (resigned 1 March 2025) Joel Brookfield (appointed 2 February 2024) Jane Crease (resigned 2 February 2024) Moira Fulton Kate Giles
Sylvia Johnson – Chairman of Grants committee (reappointed 2 February 2024) Clive Lloyd Rory Wardroper Michael Wildblood
|**Treasurer**
|**Secretary (principal address)**|**Grant Secretary**|**Investment Managers**|
|---|---|---|---|
|Richard Bailey|Mrs Vanessa White
|Jonathan Stamp|LGT Wealth Management|
|2 Dalton Terrace 17 Silverdale Close
||5 Jubilee Drive|Minerva House|
|York
|Guiseley
|Consett|29 East Parade|
|YO24 4DA
|Leeds
|Co. Durham|Leeds|
||LS20 8BE
|DH8 7BW|LS1 5PS|
|**Bankers**|**Solicitors**||**Independent Examiner**|
|Co-operative Bank|
Lupton Fawcett||Sarah Wearing FCA|
|PO Box 101|Stamford House||HPH|
|1 Balloon Street|Piccadilly||Chartered Accountants|
|Manchester|York||54 Bootham|
|M60 4EP|YO1 9PP||York|
||||YO30 7XZ|
3
**THE YORKSHIRE HISTORIC CHURCHES TRUST (Registered charity 1175099)**
## **TRUSTEES REPORT FOR THE YEAR TO 31 DECEMBER 2024**
Approved by the Trustees on 25 April 2025 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 2024.
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
25 April 2025
5
## **THE YORKSHIRE HISTORIC CHURCHES TRUST ASSETS AND LIABILITIES AT 31 DECEMBER 2024**
|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
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
9 & 10
Administration of grants
Administration of membership
Administration of charity
**Total payments**
**Net Receipts before transfer**
Transfer of income from Investment Fund
Transfer of bequests from Investment Fund
Transfer of capital from Investment Fund
Transfer of bequests to Investment Fund
**Net Receipts after transfers**
**INVESTMENT FUND**
**Receipts**
Income of Investment Fund
Sale of investments
Capital receipts
**Payments**
Purchase of investments
Witholding tax
Investment management fees
**Net Receipts before transfer**
Transfer of income to General Fund
Transfer of bequests to Investment Fund
Transfer of capital to General Fund
Transfer of bequests from Investment Fund
**Net Receipts/(Payments) after transfers**
**Reconciliation of Funds**
Total Funds brought forward
Net receipts
Total cash funds carried forward|2024
Restricted
Funds
£
-
-
25,000
-
-
-
-
-
-
25,000
18,000
-
-
-
-
-
-
18,000
7,000
-
-
-
-
7,000
-
-
-
-
-
-
-
-
-
-
-
-
-
44,000
7,000
51,000|2024
Unrestricted
Funds
£
20,530
448
75,650
4,477
510
35,313
3,463
2,912
12,541
155,844
112,964
1,774
77
857
4,667
3,400
12,543
136,282
19,562
35,313
13,319
3,423
(34,950)
36,667
35,313
175,715
32,600
243,628
183,178
-
9,428
192,606
51,022
(35,313)
(13,319)
(3,423)
34,950
33,917
254,338
70,584
324,922|2024
Total
Funds
£
20,530
448
100,650
4,477
510
35,313
3,463
2,912
12,541
180,844
130,964
1,774
77
857
4,667
3,400
12,543
154,282
26,562
35,313
13,319
3,423
(34,950)
43,667
35,313
175,715
32,600
243,628
183,178
-
9,428
192,606
51,022
(35,313)
(13,319)
(3,423)
34,950
33,917
298,338
77,584
375,922|2023
Total
Funds
£
18,529
1,662
105,100
3,511
1,927
16,802
1,903
3,789
6,528|
|---|---|---|---|---|
|||||159,751|
|||||118,000
951
2,827
815
4,583
2,940
12,422|
|||||142,538|
|||||17,213
33,905
11,695
(12,750)|
|||||50,063|
|||||34,479
235,376
360|
|||||270,215|
|||||247,585
574
8,839|
|||||256,998|
|||||13,217
(33,905)
12,750
(11,695)|
|||||(19,633)|
|||||267,908
30,430|
|||||298,338|
6
## **THE YORKSHIRE HISTORIC CHURCHES TRUST ASSETS AND LIABILITIES AT 31 DECEMBER 2024**
|Note
**CASH ASSETS**
Central Board of Finance of the Church of England -Deposit Fund
Bank Deposits
12
Current Account
12
Deposit within Investment Fund
Income within Investment Fund
**Total Cash Assets**
**INVESTMENT ASSETS**
Investments
13
**TOTAL ASSETS**
**LIABILITIES**
Amounts falling due within one year
Grants to churches
6
**TOTAL LIABILITIES**
**NET ASSETS**
**THE FUNDS OF THE CHARITY**
Investment Fund
13
Grant Fund
Assets
8
Liabilities
6
General Fund
**TOTAL CHARITY FUNDS**|2024
Restricted
Funds
£
-
51,000
-
-
-
51,000
-
51,000
26,000
26,000
25,000
-
51,000
26,000
25,000
-
25,000|2024
Unrestricted
Funds
£
165,641
120,724
727
22,008
15,822
324,922
1,149,816
1,474,738
158,200
158,200
1,316,538
1,187,646
337,200
158,200
179,000
(50,108)
1,316,538|2024
Total
Funds
£
165,641
171,724
727
22,008
15,822
375,922
1,149,816
1,525,738
184,200
184,200
1,341,538
1,187,646
388,200
184,200
204,000
(50,108)
1,341,538|2023
Total
Funds
£
162,206
106,818
25,401
2,566
1,347|
|---|---|---|---|---|
|||||298,338|
|||||1,124,444|
|||||1,422,782|
|||||131,964|
|||||131,964|
||||||
|||||1,290,818|
|||||1,128,357
350,037
131,964|
|||||218,073
(55,612)|
|||||1,290,818|
The Notes on pages 8 to 12 form part of these financial statements
Approved by the Trustees on 25 April 2025
T J P RAMSDEN R C BAILEY Chairman Treasurer
7
**THE YORKSHIRE HISTORIC CHURCHES TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **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 already recognised by the predecessor trust were recognised as income by the charity in an earlier period.
## **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 ENDED 31 DECEMBER 2024**
|**3**
**GRANTS FROM CHARITABLE TRUSTS**
Liz & Terry Bramall Foundation
Holy Rood Community Trust
Ilkley Trust
Spooner Trust
Lord Barnby Foundation
Calmcott Trust
Edward Ramsden Trust
**4**
**GRANTS TO CHURCHES**
**Grants Paid**
Amotherby, St Helen
Baldersby, St James
Beverley, St Nicholas
Bilsdale, St Hilda
Bradford, St Stephen
Brotton, St Margaret of Antioch
Church Fenton, St Mary the Virgin
Cookridge, Holy Trinity
Cowesby,St Michael and All Angels
Dunsforth, St Mary
Healey, St Paul
Hornsea, Hornsea URC
Huddersfield, Lindley, St Stephen
Langton on Swale, St Wilfrid
Leeds, All Souls
Leeds, Cathedral Church of St Anne
Middleton Tyas, St Michael & All Angels
Northowrm, Heywood URC
Reeth, Evangelical Congregational Church
Ripponden, Stones Methodist Church
Scotton, St Thomas
Sheffield, Cemetery Road Baptist Church
Shelf, Bethel Independent Chapel
Skirlaugh, St Augustine
Slingsby, All Saints
Snape, St Mary's Chapel
South Kirby, All Saints
South Stainley, St Wilfrid
Thirsk, St Mary
Thurcroft, St Simon and St Jude
Wetherby, St Joseph
Whitgift, St Mary Magdalene
Paid in prior year|2024
Restricted
Funds
£
-
25,000
-
-
-
-
-|2024
Unrestricted
Funds
£
75,000
-
650
-
-
-
-|2024
2023
Total
Total
Funds
Funds
£
£
75,000
75,000
25,000
25,000
650
700
-
1,000
-
2,000
-
500
-
900|
|---|---|---|---|
||25,000|75,650|100,650
105,100|
||£
6,000
-
-
3,000
-
-
2,000
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
4,000
-
-
-
3,000
-
-
-
-|£
-
2,000
9,000
-
9,000
8,000
-
7,000
4,000
1,000
2,500
3,000
10,000
6,000
1,500
4,000
1,500
6,000
5,250
5,000
2,000
500
5,000
6,385
-
329
5,000
3,000
-
1,000
2,000
3,000
-|£
£
6,000
-
2,000
-
9,000
-
3,000
-
9,000
-
8,000
-
2,000
-
7,000
-
4,000
-
1,000
-
2,500
-
3,000
-
10,000
-
6,000
-
1,500
-
4,000
-
1,500
-
6,000
-
5,250
-
5,000
-
2,000
-
500
-
5,000
-
6,385
-
4,000
-
329
-
5,000
-
3,000
-
3,000
-
1,000
-
2,000
-
3,000
-
-
118,000|
||18,000|112,964|130,964
118,000|
All the above grants approved from restricted, designated and unrestricted funds were to institutions
9
## **THE YORKSHIRE HISTORIC CHURCHES TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024**
|**5**
**GRANTS WITHDRAWN**
Heckmondwike, Holy Spirit
**6**
**GRANTS AWARDED BUT UNPAID**
Arkendale,St Barholemew
Auckley, St Saviour
Barwick in Elmet, Methodist Church
Bradford, Our Lady of Lourdes & St William
Bradford, Thackley Methodist Church
Carnaby, St John the Baptist
Clayton West, All Saints
East Morton, St Luke
Egton, St Hilda
Greetland, St Thomas
Grosmont, St Matthew
Guisborough, St Nicholas
Halifax, St Paul
Harome, St Saviour
Harrogate, St Joseph
Harrogate, St Wilfrid
Helmsley, All Saints
Helmsley, Helmsley Methodist Church
Holmbridge, St David
Huntington, All Saints
Leeds, St Augustine
Leyburn, Leyburn Methodist Church
Mount Pellon, Christ Church
Penistone, St John
Reeth, Reeth Evangelical Congregational Church
Ripon, St Wilfrid
Seacroft, St Richard
South Otterington, St Andrew
Sproatley, St Swithin
Stillingfleet, St Helen
Thurstonland, St Thomas
Upper Armley, Christ Church
Woodkirk, St Mary the Virgin
Yapham cum Meltonby, St Martin
York, Cornerstone Church
York, St Lawrence
York, St Michael-le-Belfrey
Awarded but unpaid at end of prior year|2024
Restricted
Funds
£
-|2024
Unrestricted
Funds
£
-|2024
Total
Funds
£
-|2023
Total
Funds
£
3,000|
|---|---|---|---|---|
||-|-|-|3,000|
||£
-
-
-
-
-
-
-
-
3,000
-
2,000
-
-
-
-
-
-
-
-
1,000
-
-
-
-
-
-
-
-
-
-
-
-
-
5,000
-
-
15,000
-|£
5,000
3,000
5,000
3,000
500
6,000
5,000
2,000
-
8,000
-
5,000
7,000
5,000
1,500
300
1,900
8,000
7,000
-
6,000
2,500
12,000
8,000
2,500
4,000
7,000
2,000
8,000
8,000
5,000
3,000
7,000
-
5,000
5,000
-
-|£
5,000
3,000
5,000
3,000
500
6,000
5,000
2,000
3,000
8,000
2,000
5,000
7,000
5,000
1,500
300
1,900
8,000
7,000
1,000
6,000
2,500
12,000
8,000
2,500
4,000
7,000
2,000
8,000
8,000
5,000
3,000
7,000
5,000
5,000
5,000
15,000
-|£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
131,964|
||26,000|158,200|184,200|131,964|
10
## **THE YORKSHIRE HISTORIC CHURCHES TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024**
|**7 GRANTS ALLOCATED BUT NOT AWARDED**
Hessle, All Saints
Kirk Sandall & Edenthorpe, The Church of the
Good Shepherd
Leeds, All Souls
**8 GRANT FUND**
Grants awarded but unpaid at 1 January 2024
Grants awarded 2024
Grants paid to churches
Grants withdrawn/reduced
Grants awarded but unpaid at 31 December
2024
Grants allocated but not awarded
2024 Allocation unawarded
Allocation for grants for 2025
Total Fund at 31 December 2024
**9 ADMINISTRATION COSTS**
Administration of Grants
Grant Secretary - Salary and expenses
Printing and Photocopying
Administration of Membership
Secretarial Fees
Administration of charity
Trustee Meetings and expenses
Secretarial Expenses
Printing, stationery & postage
Independent Examination Fee
Insurance
Website Development
Sundries
**10 STAFF COSTS**
Salaries
Average Head Count|2024
Restricted
Funds
£
-
-
-|2024
Unrestricted
Funds
£
10,000
6,000
10,000|2024
Total
Funds
£
10,000
6,000
10,000|2023
Total
Funds
£
-
-
-|
|---|---|---|---|---|
||-|26,000|26,000|-|
||£
33,000
11,000
(18,000)
-|£
98,964
172,200
(112,964)
-|£
131,964
183,200
(130,964)
-
|£
136,464
116,500
(118,000)
(3,000)|
||26,000
-
-
25,000|158,200
26,000
3,284
149,716|184,200
26,000
3,284
174,716|131,964
-
44,373
173,700|
||51,000|337,200|388,200|350,037|
||||£
4,570
97|£
4,287
296|
||||4,667|4,583|
||||3,400|2,940|
||||3,400|2,940|
||||196
8,600
705
1,560
1,044
438
-|-
8,660
714
1,500
1,044
353
151|
||||12,543|12,422|
||||4,507
£
1|4,287
£
1|
11
**THE YORKSHIRE HISTORIC CHURCHES TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **11 TRUSTEES EXPENSES**
£16 was reimbursed to 1 Trustee in the year (2023: £nil). No Trustee nor any person connected with them may receive any remuneration directly or indirectly from the Charity's funds.
|**12 BANK DEPOSITS**
Charity Bank
Co-operative Bank - Business deposit account
United Trust Bank - 1 year bond to 13/1/25
United Trust Bank - 1 year bond to 24/6/25
United Trust Bank - 1 year bond to 11/11/24
United Trust Bank - 1 year bond to 24/6/24
United Trust Bank - 1 year bond to 11/11/24
**CURRENT ACCOUNT**
Co-operative Bank
**13 INVESTMENTS**
Quoted Investments
Market Value at 1 January 2024
Market Value at 31 December 2024
Historical Cost at 31 December 2024
Investments held at 31 December 2024 by category are:
UK Government Bonds
UK Bond Funds
Global Bond Funds
UK Corporate Bonds
UK Equities
UK EquityFunds
UK Property Funds
European Equities
North American Equities
Asian Equities
Foreign & Global Funds
Foreign Property Funds
Alternatives and Infastructure
Liquidity Funds|2024
£
14,829
71,223
15,000
48,876
21,796
-
-|2023
£
14,361
24,912
-
-
-
46,827
20,718|
|---|---|---|
||171,724|106,818|
||727|25,401|
||£
1,124,444|£
1,052,691|
||1,149,816|1,124,444|
||944,739|976,636|
||96,670
101,564
21,076
5,172
203,162
7,616
226,296
328,702
75,944
8,466
-
75,148
-|96,097
102,836
21,273
15,883
266,371
9,681
198,732
242,492
39,356
18,346
9,424
89,551
14,402|
||1,149,816|1,124,444|
NB The Investment Fund includes £50,000 transferred from the General Fund which may be recalled to the General Fund at any time.
12