Buckinghamshire Historic Churches Trust (RegisteTed Cl)arity No 206471) Friends of Buckinghamshire's Historic Churches Annual Accounts and Trustees Report th I" May 2021- 30 April 2022
Buckinghamshire Historic Churches Trust th Trustees Annual Report for the year ended 30 April 2022 Th¢ Charity is known as the BuckinghamshI Historic Chutches Tn 2nd is registered w'ith the Charit). Commission under number 21KA71. The Friends of Buckinghamsbire's Historic Churches (Frid5). is a related organisaiion operating underihe 5am¢ ¢harity llThber. The principai office of the irust is= Glo Community IInpa Bucks, 6 C¢ntre Parade. Place Farni Way. Monks Rtsborough, Bucks HP27 9JS. Trustees The trustees of the charity w'ho served dwing the Year were: The l.ord Lieutenant. The Countess Howe C St. J. Rt Hon. Sir David Lidington KCB CBF. Mrs C Abel Smith OBE MTS C Aston The Ilon Mrs J A Farncombe Mr A Finn-Kelcey Mr P Ilynard Mr l. Johnson Mrs M Morgan CB l.ady Peel JP Mr R Ruck-Keene Mr8 M A l. Saunders MBE Mrs M Villiers OBE DL Rt. Rev Dr Alan Wilson BTshop of Buckingha President Chainnan Appe81 Committee & In$ti1)n Commlttee Appeal Colljmittee & Insli0n Committce In5peQion Committee Treasurer (appointed as a tee 2V March 20??) Chair of ihe Frienits ApEul Committee Inspcaion Committee Appeal Commiltee & InSl0n Committee Vice President The officials of the Friends of BUckin0Jan1¥e's llistoric Churches at the date of this rewrt aT¢.' Mrs M Morgan LB Mr N Morgan Mr C Brearley CB MrDJPeck Goi'ernance and Mallagement The ¢h2ritv is tsovcmed . the Trust Decd adomed on the 3ArylI 1957. Her Majesty's Lieutenant for th¢ County of BucktnghaTn has the pow<Y to appoinl new trusiees. In prdttice, Such appoi¢Jtsnents are rernmended bv the existino tr7c¢S havino - given due wnsideration io the 5kil]s and knowled.tre of the apFKiintee. The ofTicials of the Trriends are appoint¢d by the ttmstees. The mistees meet ¢vy four months to consider matlers reIng io the dwity. in particular the reports from the Appeal Committee and the Inspection c.0mmite. The latterresp)nds to applications for grant assistance made to th¢ trust by visiting the atvli&wRt cburth and submitiing a recommendation to the trusttts. Objectives aRd ActTrities The priCTpal objects of ihe trust are th¢ preseryation and impmement of churche5 BUckinghan1re. The objects are achieved by rnakino available forthe PUTFA)se of such prEseTvation and ttnprovemenL Grants are fiEnded from the net income and reserves of the trust. The trust is reliant on income frorn investments and various fiJnd-raisin(r eyents including fund% raised by the Friends.
The lryriends of Buckinghamshire's Elistorffi¢ Churches is rurs as a separate orgallisation ivithin Buckinghatnshire Ilistoric Churcho Trusl: ullder its t¢rrns of reference a5 revised by the Tntstees Octobcr 1013 the aints of the briends are to raise awareness of rhe Tnt. to involve more rople in its aCtivttie5 and ro raise funds for the trust. Under the terms of reference once a y¢arth¢ Friends trnisftr to th¢ Trust anv su]ns held in excess of £30. AehievemeDts and Perforll)ane¢ Governance Durin. the year the twstees institrated a review iDto the relevant p)licies and procedures within the TTht. They have also cot)sidered the need to identify and eng4<Te WTth indivÈdllals who have the ch&acteristlCs and skills that ivould he]p progrcss and develop the work of the TTUSt and who might thillinrs to 5¢rve as trusÉees. This work is ongoing. AdmiNistrntion Treasurer F'or fftany year5 ihe Irust has uiiiised the seTh'ices of Community Imp&{ Bucks (CIB) to provide treasury, services. In practic¢ this IS en proi'ided by Mr L JohL8on eitheF as e]nplovee of. or volUntr for, C.lB. As CIB no longer ivished to provide this smice Mr JohnsoTL was apwinted as a rmstee with the responsibility. of Treasurer. Grant Application Procedures A review of the grant application PTrtes5 has Efen undertaken and implemented so that more relevant inforniaiion is obtained at the time of application and thaf ihe preSS ts more accessibl¢ (p¢ncrally. Web Site A cOprehensive review of the Trust web site has ken undertaken and variou5 ¢hanges and improvemenis implemented. The trn8t coniinu¢d t¢) make ordnis to various ch[CheS foT preseThauon projects. The mtsiees 8150 madc available ¥nts of £500 to those churche5 who wished to insthll arnI svstems to deter the theft of roorg materials. Such wts weye in additioll to similar allts made from funds made available to the trust by the Allchurch¢s trnsl (see below) During the year, the trust mad¢ 6 grants to a total Val of £25.(KK) of which 5 were main.tsrdnts to a value of L?4,500 and I rf aLarni rn to a value of £5(Kb The tn auth0ri5ed Igrdnts of £1493 from the Allchur¢he5 trust fund in rest of roof alarm System The fact ihat anwnber of church projects were delayed as a of the pandemic resulted in a reduced number of wt applications . In accordance with the norn]al practice olthe TnLSt 8ny SUFplus in OP¢Tational income iyill be used to bo15t¢r the fimds availabl¢ for grants during 20?I_?- Involvement i¥ith the national"Ride & Stride- event raised a net figure of £1 I,(KJ7 which was a further reduction from the wevious Vear and reflects the con¢erns th?ut the future support for this ¢vent. The Summer reception raised £8,466 n¢L Income from investments amounted to £il087 (£35.J33 in 2021) The Friends collect subscriptions from memttts and rnise money through (Irganised ¢vents' (ther donations are accepted from individuals and thurthes to fiuther the work ofthe I'rust. (iift aid on subscriptions and donations TS claimed by and paid directly to the Trnst. A report froln the tteeS of the"'Friends" appears at the end of this report. Financial RevieTV During the }'eaT the trjst had a surplus of income over exrthdltU in unr¢stri¢t¢d funds of £33.092. The value of in¥¢strrLents increased bi" £14,975 so that wJrerirted futtds rose to £97J,J27. Ro%iricted Funds (Allchurches Tn]5t) stood at £40,748. The Friends had an excess of ¢xp¢ndTtLwe over inc<Mne of £105. Th¢ Friends funas {M)d at £ 5.761at tbe year- end {£5.657 in 2021}.
Rtserves Policv The trustees seek to maintsin the level of reserves at such a level as to geDeTrte sufficient income to maintain their wt making at a level tbat will provide mvdllin.tsful sllppon to church restoration projects. As far as is possibl¢ all surplus income is used to fund grant al"In0 in the saffte financ3 ve. Ilowever. the trustee5 will consider mth.ntt usÉng funds froTn reserves where the applition is regarded of being of exceptional merit or urtsenc}'. The policy is Subject to annual review. Pmblic Bellefit The trust has refeJTed to the guidance conlained an the Chariry Conllnission's genernl guidallce on publRC benefii when reviewing its aims and objectives and ill planning future activities. In particular, the trustees consider hoi planned activities will CODtribuie to the aims objectives they have sd. Sign¢d on behalf of thetrnstee& Ho ir David Lid]0t KCB CBE:. 21 Report of tbe Frithds of BDckiDgbamshire's Historic Cburcbes In this, the second year of the pandetnic. we iTre unable io mc¢t in F¢rsoo but instead arrange¢ for the f]r5t time. virtua] ¢v¢nts. In the Autumn of )Ir) l Me launched a film of thhat should have becn our 2020, and th¢n our 2021, live Annual LecDJre by Professor Robert C.ummin& on the topic of the 1786 visit to Buckinghamshire of Jolllj Adams and Thomas Jefferson. DOnlonS lo watch the film rdised over £41K), hr more than we would noTmally expect from an Aral Lecttjre. In Trebruarv ?0 we held our firsÈ '1ive' event since NOVemr 2019, albeit a virtual oTre- a bighly su¢¢essful ZOLwn leaure by Liz ChalrTrer& a leading C'.hureh Recorder, on the subj¥Lt of ('hurch Recordih.g pruclice." Erploring.Q LoMrrenceJ£4iD'_ A virttsol chvrch cruwl for limes. During the year we a55iSted in the relaunch of the Trust""s websiie and revis our subscriplion4 not least to include a subscription for C.hurche5 and for coryx)rdte memEtFS. We rcmain l¢ful to a]1 our briendq for their ¢ontinued support throughout the vear. Signed on behalf of the trte¢S jii Mrs M Morgan CB
INDEPEI¥DEwf EXAMINERS REPORT TO THE TRUSTEES OF BUCKINGHAMSHIRE HISTORIC CHURCHES TRUST Registered Cbarity No. 21J6471 l Tetort on the accounts ofthe Tn]st forth¢year ended 30 April 20Z2 whicb ar¢ set out on pagcs one to four. Respective responsibllities of truste¢s and examI¢r. The chaTity's trustees are responsible forthe pEp8rdtiOn of th¢ accouuts. The charity's trnstees consider that an audit is notrequired for this )ear section I I l of the cbatits.es Act 2011 (the (Jwities Act) and that a independent examinatton is neede It is my respollsibi]ity to= EYaJnine the accounrs ulldtr section 145 ofthe Charities ACL Follow the procedures laid dowll in the General DirectionsgiveD by th¢ ChaTity Commissioners under section 145 (5) (b) of the CharitÉes A¢L and To state whether particuIar matters have come to my attention Basis of indepeodent examiner's report My eXa]natIOn was carried lxrt in accordancewith the General Directiony given by the Charity cornm$$10. An examination iD¢ludes a review of the accounting recoTds kept bv the eharitv and a cotllparison of the a¢wunts presented with those recon1& It a]50 includcs consideratiou of an). Lmusua] items or disclo>ures in th¢ accountt and seeking expla]]ations from the trteeS ¢onceming any such matters. The proc¢dures UndeI do not pn)vide all the ¢viden¢e that would b¢ Tequired in an audiL and consequently llo opinion is given as ro whether the accounts Present a'*rue and faiF' view ad therew)TC is limited to thos¢ matters sei (Mjt in the statement 10. IndepeDdeDt examiner's statem¢Mt In ¢onnectioll with my examinatio no n)att¢r kn wme io my att¢ntio Which gives me reasonable cause to believe that ill arEy [naterE aspe¢t the rryuirements To keep acUntIng records in accordan with section 130 ofthe Charities Act alld To prepare acc<Mmts which accord withthe rnting records andto comply with the accounting r¢quiren)ents of the Cillrities Aa have not been tn¢L or To which. in my opinion att¢ntiiM] should be drawn ill ord¢rto enable properwjderstanding of the arcount$ to be reached Name.. HOW9 Machin . Machin & Co Relevant Professional QuaIifica¢ion or Bcrfty: FCA (Charter1 A¢wunknt) 19 Seer mea Seer Greell Be)nSfield, Bueks HP9 2QL Date-. 8 Febnwy 2
Buckingbamshire Historic ChurehLS Trnst $t¢rnt of Trbnanti21.AdTritits for the vtar toded 31hb.4pril2022 IIP4RE%YIUCfED FI". IYC.OlLN6 RE%OI (iift Atsl 59120 555.L¥) 2.A>.(¥) l.e¥wi Income ftom theTrriend50f tk[n£hWhIrÉsHLrtc(7trijth1(blft IA)ntttion5from Par0thL1Ch CounriLs 6.(W.D 12YJ.46 9.4Xb.Iq SFthsorea(')Il¢Sknde l ess -4 838 5 j ILg89.09 li.fm %ummerReeeption.l.'.NMts&Aw E ess l.weJs &4(4 ?3 -370.75 Ifl 763 7_8 I76&75 Inlden Jubikc s¢$ (i1715 Wttttets SkncL 833_13 I¢sleI Intomt 1)1sidenQs [Trtert0n Iniestnknjts anklnieEesf 3• 050 35 33.480 q4 3&2.72 lis¢ IKOMC rotAI Tturng Rr¢c5 1ltirtttt1 ?00.( J2 ENPFXDtn"RE irantiAuththnged In YeJr ¢slerterPSOai10n & lithtJuMoTr I'nnhn,Th. statleY¥. PO¢. Telephoneet¢ Traiel F.xp¢nJe5 5.lYX>. 465. ?92 34.%.3? 451.tX> Harjk" %er¥)ceL'Jws feeiinli Lxpcnses Sub5cnoions (Iiher l.IpeJJses .4dTnintstrgiM I'o I"¢b Si¢¥E.'xrRnses Totgl F.xpetsttit4JreliDrt5trl Tr'utsts F.src55 of I"%RL4IISEDS¥IRPI.IWIA)%8)ON IYVEsniLYrs }lQ%¢menti Fumd 365_51 43.lJ) )18. 140(K)
A967.99 33,11_15 119211.82 I18738 4W)721 RESTRI(TED FtryDS IA]Icknr¢hesTrlliii IW('UNITrGR&WI'.RC-L l)oIialion¥ xPENlYi'.ftE (itants AUth<ed i# Ydt 675900 67_1900 -&759. 759. 24931KI 5.'x¢tss of t0]ne TrEedlknr %lo%th5trtt in -2m3A ST'.%141.4RI',ILL Ftry 12 66.W).14 Tolal Exp¢ndit¥re 3L*Y).J3 -Sg.OIIA8 118Afj7J3 S9.79&70 IryIIL4LI.SEDSITRPLI"MI.(kJS>(kN M'LITMF.Yrs 4557421
Buekingharnshire Historic Churches Trust B2laoce Sheet as at 30th April 2022 2022 2021 FIXED ASSETS Ini'estments at Market Value COIF IneoFne shaTe COIF Fi.Ked Interest Fwjd Schroders Equifv In¢om¢ (Orotb TTW) 526.477.44 218.167.35 24O.88i.06 98502 1.85 517.989.89 240.982.00 211,580.88 970,552.77 CURRENT ASSETS Dcbtors & Prepajments COIF Charities Deposit Fund Cash at Bank and in Hand Total Current Assets 4.62i.75 39,070.00 70,597.83 114291.58 7201.12 39.070.00 75.677 33 121,948.45 CURREf4T LIABILITIES %undry Q.rcditors Grants Approved But Not Paid 744.00 85.(M)O.00 8S744.(M) 51KJ.OD I23,).00 124,IMIO.00 NET CURRENT ASSKTS 247.58 -2,051.55 Total Assds L¢ss CurT¢nt IA#bililies 1,014,075.43 96&501.22 FUND8 {UNREST]UCTED) Trund Balance brought forwyrd l May 2021 Net MOV¢Ent in funds for the year Fund Baiallee egrried forward 30th April 2022 9•5 ?60.22 48.(167.21 973J27.43 $58.705.52 66,554.70 92S,260.22 FUNDS (RESTRICTED) Allchuches Trust Roof Alarm Grnnt Fund Fund BalaTJce brought foThYard l May 202 Net movemeftt ID funds fortbe year Fund Balance Carried forward 30th April 2(r22 4)?41.00 -2.493.110 4Q748.(Kl 5(K)00.00 -6759.tK) 43241.00 TOTAL FUf*DS Iwl{075.43 968311.22
Buckinghamshire Historic Churches Trust Notes to the Accounts for the year ended 30th April 2022 l Atcounting Policies a Basis of Accountints The8e accounts have been prepared in OrdanCe with the Statemettt of Reconmiend¢d Pra¢tice foi Charities. The inv¢sttnenis are included at mark.et value recI)rnme bv the SORP. (irdT)ts made are ac£ounfrd for in the vear in which tlRey are authorised. Subscriptions and donatioS are accounted for in the year in which they are paid or received and include Gift -4id iTh'here appropriate. Diytdend and Other Investment Income is accounted for in the year in wl]ich it ts received ? Investment Assets Market Valu¢ at beginnints of Year Additions dwing >'ear at co A(Id,' (I)educt) Movement on valtIOn 970,$3 14.975 Mark¢t Value at end of)% 98.5.5?8 Cost as at end of year 639,0(M) M3rkeÉ ValLEe at ¢nd of y COIF Incornc Shares COIF Fixed Intere Fund Schrodeffs F:quity Income (Groth TDJst) .f?6,477 218,167 240,883 985,-528 Investments forn]ing mor¢ than 5V• of the Assets Itss Liabilities % of Net Assets of Tnjst 20L? 51.92/0 21.51° 23.751Ab COIF Incon]¢ Shares COIF Fixed lTterert bund Schroder Equity Income {GroThth TnBt) 21.859/0 Restrictsd Fund The restricted fimd relate5 to monies niade available by the AljchuheS Trust to assist with the provision of grdnts fDfTwf alaTm systeIn5 kn those chutthes deemed most at risk of lead theft It has been agre¢d that aTJy umused funds .111 b¢ rdurned io the Allchurches Trn5t during 21Y)?_23
Friends of Buckinghamshire's Historic Churches Statement of Financial Activititt for the year ended 30th April ?Oa? 21ya) 2021 IRcoming resourtrs Subscriptions General Donations Incorne from books sales events 4,765.00 4.915.00 20.00 iio.00 5,045.00 0.00 5,045.00 450.IY) 5215.IK) Interest Total In78 Resources 5215.IMI Eypenditure Stationery,Postsge & Printing Baa]k c.harges Cost of events Trustee Expens¢s Transfer of donatioD5 to Bucks HistorK Churd*s TTttst Total Expenditure 29.16 74.00 126?.05 0.00 6,000.00 7J65.21 110.50 5,000.00 5.110.50 NeÉ Incoming Resourte5 104.50 IL?.79 Friends of Buckinghamshirc's Historic Churches Balance She¢t as at 30th April 20?2 2022 2021 Current Assets Ch Bank 5.761.47 5.6$6.97 Current Liabilities Creditors { BHCT ) Net Current Assets 0.00 5,656.97 5.761.47 FUNDS Fuud Balance bToughi fonwd 1st May 2021 Net movernent in fun&$ Fund Balance carried fon¥ard 30th April 2022 5,656.97 104.50 5,761.47 5,795.66 -138.69 5.656.97