REGISTERED CHARITY NUMBER: 1207840
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 15 APRIL 2024 TO 31 MARCH 2025 FOR ST MARGARET'S IN RUINS CONSERVATION TRUST
Fortus Limited Business Advisors & Accountants 5 & 6 Manor Garth Manor Court Scarborough North Yorkshire YO11 3TU
ST MARGARET'S IN RUINS CONSERVATION TRUST
CONTENTS OF THE FINANCIAL STATEMENTS For The Period 15 April 2024 to 31 March 2025
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Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Financial Statements 6 to 8
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ST MARGARET'S IN RUINS CONSERVATION TRUST
REPORT OF THE TRUSTEES For The Period 15 April 2024 to 31 March 2025
The trustees present their report with the financial statements of the charity for the period 15 April 2024 to 31 March 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1207840
Principal address
28 The Street West Raynham Fakenham NR21 7AD
Trustees
Mr J P Hickman - appointed 15.4.24 Mr D Stubbs - appointed 15.4.24 Ms A N Martin - appointed 15.4.24 Mr A Forsyth - appointed 15.4.24
Independent examiner
Fortus Limited Business Advisors & Accountants 5 & 6 Manor Garth Manor Court Scarborough North Yorkshire YO11 3TU
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document dated 15 April 2024, a deed of trust and constitutes an unincorporated charity.
Recruitment and appointment of new trustees
When considering co-opting trustees the Board has regard to the requirement for any specialist skills needed and fully discuss the suitability of all applicants.
New trustees are briefed on their legal obligations under charity law, the contents of the constitution, the committee and decision making process, the business plan and the recent financial performance of the charity.
Key management remuneration
The trustees do not receive remuneration and there are no remunerated key management personnel.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
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ST MARGARET'S IN RUINS CONSERVATION TRUST
REPORT OF THE TRUSTEES For The Period 15 April 2024 to 31 March 2025
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the charity, as defined in the governing document, are as follows:
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The preservation and repair of an ancient building and site of St Margaret's Church, The Street, West Raynham, Fakenham, and maintenance of its churchyard, for the benefit of the local community of the villages of Raynham (East, West, and South Raynham) and Helhoughton, neighbouring towns and villages, and wider visiting public.
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The advancement of education for the public benefit, in particular but not exclusively by creating a centre for learning about heritage conservation and development of traditional and new skills in restoration of ancient buildings and churchyard management.
Public benefit
The trustees consider that they have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers and duties, as can be seen in the activities and achievements above.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The trustees comprise a group of individuals in the community in West Raynham in North Norfolk. They have come together and founded the charity in April 2024 in order to repair and conserve the incredible site in the village dating back from Norman times.
During this first year, the trustees successfully applied for grant funding from the National Lottery Heritage Fund towards the development phases of the planned works on site. Following receipt of the first tranche of funds in November 2024, emergency works commenced in early 2025 to secure the ruins, begin immediate repairs and stabilisation works.
The trustees have applied for a considerably larger amount for the delivery phase and further long term projects, which includes creating a centre of excellence in churchyard management of ruins and also an environmental haven for flora and fauna and delivering educational programmes for key skills.
FINANCIAL REVIEW
Reserves policy
Due to the nature of the charity's activities and objectives, the trustees do not feel the need to have a formal reserves policy in place. Funds are obtained for future and planned work on the preservation of the church and strict budgeting is in place to ensure those funds are used where most needed.
Approved by order of the board of trustees on 13 June 2025 and signed on its behalf by:
Mr J P Hickman - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST MARGARET'S IN RUINS CONSERVATION TRUST
I report on the accounts for the period 15 April 2024 to 31 March 2025, which are set out on pages four to eight.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I have examined your charity's accounts as required under section 145 of the Charities Act 2011 ('the Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
My role is to state whether any material matters have come to my attention giving me cause to believe:
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that accounting records were not kept as required by section 130 of the Act; or
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that the accounts do not accord with those records; or
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that the accounts do not comply with the accounting requirements of the Act; or
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that there is further information needed for a proper understanding of the accounts.
Independent examiner's statement
I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission I have found no matters that require drawing to your attention.
Mr P B Dixon FCA Fortus Limited Business Advisors & Accountants 5 & 6 Manor Garth Manor Court Scarborough North Yorkshire YO11 3TU
13 June 2025
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ST MARGARET'S IN RUINS CONSERVATION TRUST
STATEMENT OF FINANCIAL ACTIVITIES For The Period 15 April 2024 to 31 March 2025
| Unrestricted fund Notes £ INCOMING RESOURCES Incoming resources from generated funds Voluntary income 2 6,340 Investment income 3 115 Incoming resources from charitable activities 4 Conservation works 39,292 |
|---|
| Total incoming resources 45,747 RESOURCES EXPENDED Charitable activities 5 Conservation works 19,816 Governance costs 1,500 |
| Total resources expended 21,316 |
| NET INCOMING RESOURCES 24,431 |
| TOTAL FUNDS CARRIED FORWARD 24,431 |
The notes form part of these financial statements
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ST MARGARET'S IN RUINS CONSERVATION TRUST
BALANCE SHEET At 31 March 2025
| Notes CURRENT ASSETS Debtors 8 Cash at bank |
Unrestricted fund £ 2,075 23,856 |
|---|---|
| CREDITORS Amounts falling due within one year 9 |
25,931 (1,500) |
| NET CURRENT ASSETS | 24,431 |
| TOTAL ASSETS LESS CURRENT LIABILITIES | 24,431 |
| NET ASSETS | 24,431 |
| FUNDS 10 Unrestricted funds |
24,431 |
| TOTAL FUNDS | 24,431 |
The financial statements were approved by the Board of Trustees on 13 June 2025 and were signed on its behalf by:
Mr J P Hickman -Trustee
The notes form part of these financial statements
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ST MARGARET'S IN RUINS CONSERVATION TRUST
NOTES TO THE FINANCIAL STATEMENTS For The Period 15 April 2024 to 31 March 2025
1. ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
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.
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.
2. VOLUNTARY INCOME
| Donations INVESTMENT INCOME Deposit account interest INCOMING RESOURCES FROM CHARITABLE ACTIVITIES Activity Grants Conservation works Grants received, included in the above, are as follows: National Lottery Heritage Fund Listed Places of Worship Grant Scheme |
£ 6,340 £ 115 £ 39,292 £ 37,217 2,075 39,292 |
|---|---|
3. INVESTMENT INCOME
4. INCOMING RESOURCES FROM CHARITABLE ACTIVITIES
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ST MARGARET'S IN RUINS CONSERVATION TRUST
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED For The Period 15 April 2024 to 31 March 2025
5. CHARITABLE ACTIVITIES COSTS
| Direct costs (See note 6) £ Conservation works 19,816 6. DIRECT COSTS OF CHARITABLE ACTIVITIES Insurance Printing and promotional materials Notice board Sundries Consultancy fees Emergency works |
Totals £ 19,816 £ 522 890 867 15 3,975 13,547 19,816 |
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7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the period ended 31 March 2025.
Trustees' expenses
There were no trustees' expenses paid for the period ended 31 March 2025.
8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other debtors CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors MOVEMENT IN FUNDS Net movement in funds At £ Unrestricted funds General fund 24,431 TOTAL FUNDS 24,431 |
£ 2,075 £ 1,500 31.3.25 £ 24,431 24,431 |
|---|---|
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
10. MOVEMENT IN FUNDS
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ST MARGARET'S IN RUINS CONSERVATION TRUST
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED For The Period 15 April 2024 to 31 March 2025
10. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund |
Incoming Resources Movement in resources expended funds £ £ £ 45,747 (21,316) 24,431 |
|---|---|
| TOTAL FUNDS | 45,747 (21,316) 24,431 |
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