**REGISTERED CHARITY NUMBER: 1207840**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026**
## **FOR**
**ST MARGARET'S IN RUINS CONSERVATION TRUST**
Fortus Limited Business Advisors & Accountants 5 & 6 Manor Court Manor Garth Scarborough North Yorkshire YO11 3TU
**ST MARGARET'S IN RUINS CONSERVATION TRUST**
## **CONTENTS OF THE FINANCIAL STATEMENTS For The Year Ended 31 March 2026**
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Page
Reference and Administrative Details 1
Report of the Trustees 2 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7 to 11
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**ST MARGARET'S IN RUINS CONSERVATION TRUST**
## **REFERENCE AND ADMINISTRATIVE DETAILS For The Year Ended 31 March 2026**
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TRUSTEES Mr J P Hickman
Mr D Stubbs
Ms A N Martin
Mr A Forsyth
Ms J Williams (appointed 16.6.25)
PRINCIPAL ADDRESS 28 The Street
West Raynham
Fakenham
Norfolk
NR21 7AD
REGISTERED CHARITY NUMBER 1207840
INDEPENDENT EXAMINER Fortus Limited
Business Advisors & Accountants
5 & 6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU
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Page 1
## **ST MARGARET'S IN RUINS CONSERVATION TRUST**
## **REPORT OF THE TRUSTEES For The Year Ended 31 March 2026**
The trustees present their report with the financial statements of the charity for the year ended 31 March 2026. 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).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The objects of the charity, as defined in the governing document, are as follows:
- 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.
- 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.
## **ACHIEVEMENTS 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 second year, the trustees continued to develop the project to stabilise St Margaret's ruins and create a 'Centre of Excellence" for the management of ruined churches and their churchyards. This project was co-funded by the National Lottery Heritage Fund and involved detailed condition surveys of the ruins, along with ecology surveys for protected species and archaeological investigations. The trustees also organised a variety of fund-raising events and engaged with the community and potential partners for the project. The conservation management of the churchyard continued throughout the year, thanks to a dedicated corps of volunteers. Works included cutting the hay meadow and clearing an area for a future community space and outdoor classroom.
All this has been in preparation for an application to the Heritage Fund for Delivery Phase funding and further long term projects to ensure the sustainability of the trust.
## **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.
## **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.
Page 2
## **ST MARGARET'S IN RUINS CONSERVATION TRUST**
## **REPORT OF THE TRUSTEES For The Year Ended 31 March 2026**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **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.
Approved by order of the board of trustees on 21 April 2026 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**
## **Independent examiner's report to the trustees of St Margaret's in Ruins Conservation Trust**
I report to the charity trustees on my examination of the accounts of St Margaret's in Ruins Conservation Trust (the Trust) for the year ended 31 March 2026.
## **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.
Mr P B Dixon FCA
Fortus Limited Business Advisors & Accountants 5 & 6 Manor Court Manor Garth Scarborough North Yorkshire YO11 3TU
21 April 2026
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**ST MARGARET'S IN RUINS CONSERVATION TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES For The Year Ended 31 March 2026**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**Charitable activities**
5
Conservation works
Other trading activities
3
Investment income
4|Period
15.4.24
Year ended
to
31.3.26
31.3.25
Unrestricted
Total
fund
funds
£
£
15,870
6,340
28,482
39,292
3,425
-
162
115|
|---|---|
|**Total**|47,939
45,747|
|**EXPENDITURE ON**
**Charitable activities**
6
Conservation works|60,776
21,316|
|**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward|(12,837)
24,431
24,431
-|
|**TOTAL FUNDS CARRIED FORWARD**|11,594
24,431|
The notes form part of these financial statements
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**ST MARGARET'S IN RUINS CONSERVATION TRUST**
## **BALANCE SHEET 31 March 2026**
|2026
Unrestricted
fund
Notes
£
**CURRENT ASSETS**
Debtors
10
-
Cash at bank
13,154
13,154
**CREDITORS**
Amounts falling due within one year
11
(1,560)
**NET CURRENT ASSETS**
11,594
**TOTAL ASSETS LESS CURRENT LIABILITIES**
11,594
**NET ASSETS**
11,594
**FUNDS**
12
Unrestricted funds
11,594
**TOTAL FUNDS**
11,594|2025
Total
funds
£
2,075
23,856
25,931
(1,500)
24,431
24,431
24,431
24,431
24,431|
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 21 April 2026 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 Year Ended 31 March 2026**
## **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.
## **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.
## **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. DONATIONS AND LEGACIES**
Donations
Period 15.4.24 Year ended to 31.3.26 31.3.25 £ £ 15,870 6,340
continued...
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**ST MARGARET'S IN RUINS CONSERVATION TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 March 2026**
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3. OTHER TRADING ACTIVITIES
Period
15.4.24
Year ended to
31.3.26 31.3.25
£ £
Fundraising events 3,425 -
4. INVESTMENT INCOME
Period
15.4.24
Year ended to
31.3.26 31.3.25
£ £
Deposit account interest 162 115
5. INCOME FROM CHARITABLE ACTIVITIES
Period
15.4.24
Year ended to
31.3.26 31.3.25
Activity £ £
Grants Conservation works 28,482 39,292
Grants received, included in the above, are as follows:
Period
15.4.24
Year ended to
31.3.26 31.3.25
£ £
National Lottery Heritage Fund 22,331 37,217
Listed Places of Worship Grant Scheme 6,151 2,075
28,482 39,292
6. CHARITABLE ACTIVITIES COSTS
Direct
Costs (see Support
note 7) costs Totals
£ £ £
Conservation works 58,916 1,860 60,776
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continued...
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**ST MARGARET'S IN RUINS CONSERVATION TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 March 2026**
## **7. DIRECT COSTS OF CHARITABLE ACTIVITIES**
|Period
15.4.24
Year ended
to
31.3.26
31.3.25
£
£
Insurance
623
522
Printing and promotional materials
658
890
Notice board and signage
705
867
Sundries
446
15
Consultancy fees
16,206
3,975
Emergency works
39,455
13,547
Website expenses
340
-
Legal and planning fees
483
-|
|---|
|58,916
19,816|
## **8. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2026 nor for the period ended 31 March 2025.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2026 nor for the period ended 31 March 2025.
## **9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**Charitable activities**
Conservation works
Investment income|Unrestricted
fund
£
6,340
39,292
115|
|---|---|
|**Total**|45,747|
|**EXPENDITURE ON**
**Charitable activities**
Conservation works|21,316|
|**NET INCOME**|24,431|
|**TOTAL FUNDS CARRIED FORWARD**|24,431|
continued...
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**ST MARGARET'S IN RUINS CONSERVATION TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 March 2026**
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10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2026 2025
£ £
Other debtors - 2,075
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2026 2025
£ £
Other creditors 1,560 1,500
12. MOVEMENT IN FUNDS
Net
movement At
At 1.4.25 in funds 31.3.26
£ £ £
Unrestricted funds
General fund 24,431 (12,837) 11,594
TOTAL FUNDS 24,431 (12,837) 11,594
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 47,939 (60,776) (12,837)
TOTAL FUNDS 47,939 (60,776) (12,837)
Comparatives for movement in funds
Net
movement At
in funds 31.3.25
£ £
Unrestricted funds
General fund 24,431 24,431
TOTAL FUNDS 24,431 24,431
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continued...
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**ST MARGARET'S IN RUINS CONSERVATION TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 March 2026**
## **12. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund|Incoming
Resources
Movement
resources
expended
in funds
£
£
£
45,747
(21,316)
24,431|
|---|---|
|**TOTAL FUNDS**|45,747
(21,316)
24,431|
## **13. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2026.
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