Buckinghamshire Historic Churches Trust (Registered Charity No 206471) Friends of Buckinghamshire's Historic Churches Annual Accounts and Trustees Report th I" May 2023 - 30 April 2024
Buckinghamshire Historic Churches Trust Trustees Annual Report for the jear ended 30 April 2024 The Charity is known as the BllckinJts )amsbire Historic Churches Tnjst aDd is registered with the Charifv Commission under nurnber 206471. The Friends of BuckinghaTnshiT¢'S Historic Chur¢h4 (Friend5), is a related organisation Op¢t[nO under the same charity numb¢r. The principal oifie¢ of the trnst is that of the Sectttsry". Ms Suzanne Lin&e)' I, Vicaragc Roal Vthaddon, MK17 OLU Truste& The trusTres of ihe ¢barty who seryed during the year were: The l.ord Lieutenani. The Countess Howe C St. J. Rt Hon. Sir Dai'id l.idill4titon KCB CBE Mrs C Abel Smith OBE Mr G Anson Mrs C Aston The F4on Mrs J A Farncombe Mr A Finn-Keleey Mr Robert Frostick Mr P Flvnard Rgv. M Hunt h4r l. Johnson Mrs M Morgan CB ladv P1 JP Mr R Ru¢k-Keene Mrs M A L Saunders MBE Flis IlonouT Cbristopher Tyrer DI, Mrs M Villiers OBF. DI. Rt. Rev Dr Alan l¥ilson Bishop of Buckinoham Presideni Appeal Committee & Inspection Cornmittcc Appeal COMlttee & Inspertion Committee Inspedion Committee {Appoinred P Oetober 2023) Secretarv (Rcsigned 18 March 20241 {AppoiDted 18. March 2024) TruTer Chair of the Friellds Appeal Committee (Resigned 29tb January 2024) InspecLion Committee Appvdl Cornminee & IDspection Committee Vice President (to 18tb Febtuay 2024) The officials of the Friends of Buckinghamshire's Eltstori¢ Churthes as at the date of this report ar¢.. fvtrs M Mor(Tan CB MrN Mor2an Mr C Brearlev CB MrDJPeck Hon Secretary Hon Treasurer Goyernanee and MxDageEnent The charity is govemed by the TnLSt Deed adoW¢d ¢m ioth April 1957. Fl¢r Majesty's LiEuieuallt for th¢ County of Buckingham has the TrWer to apwTrint new trustees. In prd¢ti¢e: such appointentS are r01mended by the existin(v trustees haviDg given due considerdtion to the skills and knowledge of the app)intee. The 01claI5 of the Friends are appointed by the trtssiees. The trustEeS Tn¢et ¢very four months to considermatter5 relatin8to the charity, in particul8r the reports frLMn the Appeal Committee and the Inspection Cornmilte¢. The laller responds tt* appl?cations fiK gmt assi5tatLCE RTrad¢ io the trust by i'isiting the applicant church and submtttints a recommendation to the Itustees. Obje¢tives and Activities The principal objects of the tmst are the pre5ervatiiM) and improvemeni of chutthes in Buckinghamshire. The objects are achieved by making gTants avaiIable for the pUrSe of such presen•tion and improvement. Grants are funded from the net income 2nd reserves of the tn]5t. The trust is reliant on inc0e froTn investJuenÉs and various fund-raisino ¢vents including fimds raised by the Friend8.
The Friends of BUckgh3$h1re's Historic Churches is ruD a separatr orgallisation within BucksDghamshire Historic Chur¢hes Tru5t-. under irs tems of Tefcrence 3s revised bj. the Trnste¢s in OCtor 2013 the aims of the Friends are to raise amareness of the tn]sL to I01ve more ople in its aCtiTr"itie5 #md io raise funds for the tN#. Under the tertns of r¢fereDce once ayear th¢ Fri¢nib transfer to the tDJSt any surt15 held in exce55 of £3000. Achievements ad Performance GoYern#D¢¢ During the year the trustees hay¢ r¢vicwed aDd updated the riOuS policies and pr(ttdures including the assEssment and management of risk ihe ivrthin the trusL The ordnt application prOs$ has bec teviewed. All policies alld procedures are subject io att annua] revÉew. The investments beld by the trust are a]so subj¢d to regular Teview with a view to m&ximising income without inctt2sing risk. As a result of such review during the lear the th]si reatxsed its boldino in the COIF Fixed Interest Fund and in¥esied the proceeds in COIF Income Shares. The trustees continue to make grdllts to vatious church¢s forpreservation project5 together with smaller emergenc) fuDdingwts and grants to a$5iSt with the installation of alarni sl'stems to deteT the theft of roofing aterials. Du]ing the year, the Iru5t made 18 orants to a Ial value of £74,51M) InvolY¢ment with the national"Ride & Stride"" ¢veDt raised a net figute of £1 1.620 which w'as an increase of nearly £1,000 on the figure forthe previous vear. The evenis organi5ed by the fid-rls1ng committee including the Feception at Chequers planned for larer in 2024 resulted in n¢t income durino the year of £28J61. Inco¢ from investsnents amixmted to £34.107 {£32,57) in 20231 The FHends collect subscriptions from m(thers and raise moncy through OTg3nised evenls" other donations are accepied from individuals and church¢5 to fvnher the work of the frust. Gift aid on subscrsptions and donations is elailned by and paid directls to the A rewrt from the trustees of the Friends"", appears ai the end of this rcpon. Financi81 Review Durin(T the yeat the trllst had a surplu5 of income OV expendiDJre in wirestricted funds of £12,417 The ialue ot investrnents increased bv £47,988 so that untestricted fimds rose to £1.035.031 The tTUSt no longer holds any reskn¢Èed funds The Friends had an excess of expenditure oyer incoEue of £757 which reflected an increased donation to the main iThst of £7,000 (£5.000 in 20?3}. The Friends funds stcod at £4,941 at the year<nd (£5,698 2023). Reserves Poliry The trustees seek to maintain the levcl of reserves at such a level as to g¢n¢r4t¢ sufficient income to maintain their 2nt making at a level that will provide Mningl support to church reswration projecrs. A% far a5 15 possible all SUTpIus incorne is Us¢d to fund grant makints in the &atne fJnancÈal ye. Flowev¢r, the INstees will consider makin(F grants using fijnds from reserves where the awli¢alion is retarded of being of excepiional merit or urgency. Public BeDefit The tIt has refeTTed to th¢ guidance c4)ntsined in the Charity Comfftission's general guidance on public benefii when reviewinu its aims and objectives and in pla[illg future activities. In particular, the lrnst¢¢$ ¢On$id how planned activities will contribute to the aims and objeciives they have set. Sign¢d on behalf of the trustees. Rt Hon. Sir David Lidingion KCB CBE l)atr /J 202J-
Report on tbe activities of the FrieDds of BckigShAre'S Historit Cbllrcbes The f$t eyejkt we arranged in 2023 was the first Friends, outillg to London sinte November 2019- it was a visit to the Charterf]ouse Londo olle of London's secret oems. On a perfect Spring Dav some 40 Friends and friends of Friends Vather olltside the im5]ng ates in ChartedLQU5E Squate a( the bEgiDnillo of excellent tour. The Charterhouse, originalllr a monastery. Ier became one of the very few surviving Tudor houses Tn London. tn tbc carly It century the siie was bequeathed to a rnst for the establithrnent of a school (w'hich relocated to Sutrey iti Ibe late cenwry). a lovely and unusual chapel, and what w&s knou then a hospital, i.e. an alms-house, for 40 Brothels (now open to women a8 well &8 men). Nowaday5 thue is also rented acconhnodauon and an infirnw).. The Friends A[lla1 Crawl held on what turned to be a perfect day in late Autsust when we visiied two i centt Churches, Si Mary Magdalene LAimer and St Mary Magdalene FlaundeT4 with lunch at the CJreen Dragon in Flaunden in between. Once more the crnwl eKpertl) led by Liz Chalmers. Flaunden was the first church to be designed bv Sir Ge0e Gilbert Scott while LatimeT w&$ subsrantialls, r¢d¢signed by him, both Lllning churche5, b¢autifull) kept. The 1&8t event of the year was the Friends Annual Lecture in N'ovember. a Fascrnating talk by the medieval hisiorian John McNeill at St Mary's, Princes RisborollJo on Ihe intriguing 9ubject of things to look out for on entering a church. The event was well attended- and live slreaTnang proved pop1#Ft0. We were able to contribute £7.0 to the trusl to a55i5t with their wt making wOgrae. We remain grateful io all our Friends for their CODtinued support throuoJout the vear. on behalf of the tnee. M Morgan CB Dt /]
CHARITY COMMISSION FOR ENGL4ND AND WALES Independent examinerfs report on the accounts Section A Independent Examinerfs Report Report to the trustees Buckinghamshire Historic Churthes Trust On accounts for the year ended 30° April 2024 Charity no (if any) 206471 Set out on pages 14 I report to the tnjstees on my examination of the accounts of the above charity rthe Trusf) for the year ended 30° April 2024. R8SPDnsibilities and basis of report As the charity's truStS, you are responsible for the preparatlon of the accounts in accordance th the requirements of the Charities Act 2011 (Ihe AGr). I report in restEct of my examination of the Trust's accounts carried out under section 145 oflhe 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 I have completed my examination. I confirm that no material matters have examiner's statement come lo my attention in connection wrth the examination which gives me cause to believe that in. any material respect.. the accounting records were not kept in accordan with section 130 of the Charities Ad, or the accounts did not accord with the accounting records," or the accounts dtd not CoMY with the applicable requirements conGeming the forn) and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and fair, view which is not a matter considered as part of an independent examination. I have no cOnM$ 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 acwunts to be reached. Signed: Date: Name: Mark Jackson Relevant professional qualification(s) or body (rfany}: FCA Institute of Chartered Accountants in England and Wales Address: 5 The Qld Orchard High Wcombe HP15 6AS
Bu¢kinghamshire Historic Churches Trnst Stgttm¢llt of Finartt131 Activities for tht vtrtnded 31hh Aprfl 2024 INRESThICIED FiTrfDS rwcoMING RESOURC'.ES Su(ptions lGIA]d An1 %ubscriptsons 167IA) ? 105.1 I(.( 6.(43. i.S6D.I I18712 7.140 IX) Tr8nsftrf[o the Fri¢ods Of&Kkinghamshirfs11[On¢(jqNdx5itKhMl¥GiftA1d Don8tioK5 frorn Lhutch 3_ry5 .%ponsorEdL}.de Ride 1£5s Exv¢n5ES 14.167 5b -2.:L?.95 I1&274 I677.7 Summer RecepuotL Less&penSeS .691.8? -3AI 57 &999.S3 ejoldcn Jubil IJDok tiranLs Ivnmen ]lack 10.00 DdcndS Inter¢31 orlJDVeo[s Bank Tnterest 31.676 81kl.17 1.7il.96 34.11&66 32JWI MSSC Total Regourry5 lJnf¢5trthd 96192 73.IM63 EXPENDITiIRE Gr2rttSAuiioris In Year N'p51£er FrUcon& thsknburion Pnntin8, Stklii)Jiernr. P05tagF. Telepkneolc Trniel.-.¥penses Sutsjce Jknk S¢Trice Cha¥grs Moe'inq p.xpe Suiwnpknons A(lllJiniStfknoll Co#5 I'rb 4itc F.xpenses Tort1 F.Iwiditilrr iltsrc5trictttl Fwj F.xc¢55 of IO0e Over KXpEndIt TTrRF.AI.]SED SIIRPI.ITS4L(K8$) ON TNNTsfi8Frrs movtj1itt FuDds 74.5(Kll 3J). 235.08 53.(W. 442 36 J03.65 MS.31 345 31 31YI.8S 533. 2.080 81 I.[3.17 801 10 i6J46.44 11.41&52 47.98524 60M£76 -15.4&1.95 1399.24 REsfRICTEDFI.NDS{AlkhthTrIx) C'OTrlllSG RES(IIIR<'ES Don¥.ion Totsi IDwoiiTrg R¢soWrttsRcstri FM•d5 LVEN]IITIIRE (iTrnts.4uthnrts¢d in Yetr& Retwn of Totsi ExndIt Restrietrd FvTrd5 ExCS of over ExptrLditiitÈ 40748 (KI 40748. 40.74&NI -lQ748.W) fx SI.'MNI4RI' ALL Tr'IryDS 992 73.J30.63 -91.094.44 -23.96181 -14484.95 -39.418.?6 Tts1 F.xpeQdite TI¥REAI.wSEDIRPT.lIS/ILO IY%"LSTMLYt5 .fft24 6•,41bL76
BUckInham5hlre Historic Churches Trust Balance Sheet as At 30th April 2024 2024 2023 FIXED ASSETS Investments at Market Value COIF In¢om¢ shares COIF Fixed Interest Fund S¢hrod¢rs Equity tncome (Growtb Tnt) 781,027.45 519,359.74 210,705.28 239,977.S8 970,042.90 2i7.OOJ.69 1,01&031.14 CURRENT ASSETS Debtors & PrepaNThents COIF CEwities Deposit Fund Cash at Bank and in Eland Total Current Assets 5,812.(10 39.070.00 6?.618.29 107,illO.29 3,875.00 39.070.00 48.638.77 91,i83.77 CURRENT LIABILITIES Sundry C.rcditors Grants Approved ButNot Paid 0.00 90.500.00 90500.00 0.00 87,000.00 87,000.00 NET CURRENT ASSETS 17JMlfJ.29 4083.77 Total Assets trts Currellt Liabilities ,035,031.43 974.626.67 FUNDS (UNRESTRICTED) Fund Balance brought fonwd l Mav 2023 Net mov¢meDt in fundts. for the y¢ar Fund Balan¢¢ Carried forward 30th April 2024 974.626.67 60,404.76 1,03S031.43 97J.327.4i 1.299.24 974,626.67 FUTr4DS (RESTRICTED) AIILbuch¢s Trust Roof Alam Grant Fulld Fund Balance broughi forwatd l Mav 2023 Nei movement in fvnds for the vear Fund Balallee tarried forward 30th April 2024 40748.00 40748.1rf) 0.00 TOTAL FUNDS 1,03S031.43 974.626.67
Buckinghamshire Historic Churches Trust Notes to tbe Accounts for the year ended 30th April 2024 l Aeeountlllg Policies a Basis of AccountTn These accouTrts have been prepared in accordance with the Statejnent of Recommended Practice fot Chatities. The investments are included atTnarkeÉ value as recommended by the SORP. Grdnts made &Te accounted for in the year in which they ar¢ authorised. Subscriptions and di)Jrdtion$ are accounted for in the year ill wthich they aTe paid or received and in¢lude Gift Aid where appropriare. Dividend and Other Investmeni IncoTTy¢ is accounted for in the vear in which it is Teceived 2 Tnvestmellt Assets Marf(et Value at begiTthTng of Y AddititsDs during wear at cost Addl (Deduct) Mov¢m¢nt on Va]uation 970,043 47.988 Market Value end of year 1.018.Oil Cost as at end ofyear 639.000 Nlarket Value ai end of year COLF Income Shares COIF Fixed Lfflerest Fund { see note) Schroders Equity Incom¢ (GroThth Tn]st) 781.027 237,(K 1,018,Oil IDvest]nents foTmin(y more than 5Yo of the Assets le&5 Liabilitie5 /rfJ of Net Assets of Trnst ?024 75.46/0 0.0/0 22.9/0 2023 5 J.290h 21.6?Y 24.62V. COIF Income Shares COIF Fi¥ed tnierest Fund Schroder Equity Income (Growth Tn) Restrict¢d FuDd The restricted fund related to monies available bythe Allchurches Tn]st to assist wtth the pn)vision of grants for roof alami sv5terns to those churches deemed TDOSI al risk of lead theft In accordancE with our agreement alk hav¢ now been rett]rned to the Allchurches Tn]st. Note COIF Fixed Interest Fund Following advice the Trt]stees arrJDged foFthe sale of the holding in the COIF Fixed Inttrest Fund and the proceeds of D12,972 were invested in the COIF Income Shares Fund
Friends of Buckinghamshire's Historic Churches Star¢ment of Financial Acti*iti¢s forthe year ended 30th April 2024 INeomiDg resourees Subscriptio$ General Donations lllcome from books sales and events 2023 5,925.00 56.00 .lJi2.50 7.OJJ.50 1?.49 7.045.99 4,565.00 167.00 1,699.00 6.431.(h) 8_47 6.439.47 Bank Interest Total Incoming Resources Exp¢uditure Swion¢ry,Postsge & Printing Bank C.h2rge5 C05t of events Trusree ExpeTrses Transfer of dornions to Bucks Historic Churches Tn T¢)tal ExpenditUTe 96.75 89.76 87.25 1325.7 0.00 5.000.00 6.502.73 629.42 0.00 7.1.00 7.803.17 Inco Resources -757.18 -63.26 Friends of Buckinghamshire's Historic Churches Balance Sheet as at 30th April 2024 2024 Current A55ets C&8h at Batjk 2023 4.941.03 5,698.21 Current Llabilities Creditors ( BHCT ) Net Current Asseis 0.00 4,941.0) 0.00 5.698.21 FUNDS Fund Balan¢e brought forward 1st May 202) Net movement in funds Fund BalaT]ce Carried fotivard 30th April 2024 5,69821 -757.18 4,941.03 5,761.47 -63.26 5.698 71