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 P￿1 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 COM￿lttee & Inspertion Committee Inspedion Committee {Appoinred P Oetober 2023) Secretarv (Rcsigned 18 March 20241 {AppoiDted 18. March 2024) Tr￿uTer 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 appoint￿entS are r￿01￿mended by the existin(v trustees haviDg given due considerdtion to the skills and knowledge of the app)intee. The 0￿1claI5 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 pUr￿Se of such presen•tion and improvement. Grants are funded from the net income 2nd reserves of the tn]5t. The trust is reliant on inc0￿e froTn investJuenÉs and various fund-raisino ¢vents including fimds raised by the Friend8. The Friends of BUck￿gh3￿$h1re's Historic Churches is ruD a separatr orgallisation within BucksDghamshire Historic Chur¢hes Tru5t-. under irs tems of Tefcrence 3s revised bj. the Trnste¢s in OCto￿r 2013 the aims of the Friends are to raise amareness of the tn]sL to I￿￿01ve more ￿ople in its aCtiTr"itie5 #md io raise funds for the tN#. Under the tertns of r¢fereDce once ayear th¢ Fri¢nib transfer to the tDJSt any surt15 held in exce55 of £3000. Achievements a￿d Performance GoYern#D¢¢ During the year the trustees hay¢ r¢vicwed aDd updated the ￿riOuS policies and pr(ttdures including the assEssment and management of risk ihe ivrthin the trusL The ordnt application prO￿s$ 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 I￿al 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 fi￿d-r￿ls1ng 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