Buckinghamshire Historic Churches Trust (Registered ChaTity No ?0647J ) Friends of Buckinghamshire's Historic Churches Annual Accounts and Trustees Report th I" May 2024- 30 April 2025
Buckinghamshire Historic Churches Trust th Trustees Annual Report for the year ended 30 April 2025 ThL Charity is known &s the BuckinJJam$hire Historic LlJurchEs Trusi and is registered with the CharÈt>' Commission under nurnber 206171. The Friend5 of BuLkinohamshire's IlistOTiC ("hurchc& (Friends}. is atel31 orJnisation operdtin<v undEr th same charih. numkr. The principal office of the tru is ihal orth¢ Secretary: Ms Su£anne l.indse)' I, Vicarage Road. Whadd(m. MK17 01.11 Trustees rhe trustees of th¢ charity ii.ho seTred during the vear ivere: The l.ord l.ieut¢nanL The counte Ho* C St. J. Rt Hon. 8ir David Lidinoton KCB CBF. Mrs ('. Abel %mith OBI-. I)I. Mr G Anson DI. Mrs C Aston I'he Rt. Rev. l)2ve Bull, Rishop ot-BuckinJo Tht Ilon Mrs J A Farntobe DI. Mr A Trinn-Kclcey Mr R(Ibert Frostick Rev. M Ilunt Mr L Johnson Mrs fvl NqurbTan C'B Mr R Ruck-Keen¢ ,Iqrs M A l. Saunders ¥IBE Ills Ilonour L hris1upher TyTeT DI. Mrs M Villier% OBF. DI. Pre5idellt Chaimmn Appeal Committee & InspEciion CoTnmittee (iTr.e.f. 2tr No1'emr ?024) Appeal C'.omrnitte¢ & Inspection Committe¢ Inspection Committe¥ Treasurer ChaiT of thc Friends Inspection CoTnmittee Appea] L'ommittee & lllspection Lon]mittee Officers M8 S l.indse)' The offCla1S ofthe briends of Buckinghamshire's Flisioric churches at the datc of thi5 report were: Mrs M Mortran CB Mr N. Morftan Mr C Brearley CB DI. MrDJP¢ck ChaTr tlon Secretary. Hon Tre&suTer Govern2nee and Matt2gement The Lharity. is governLd b)" the TnL8t Deed adopted on ?OthApril 1957. Iler Majesty 5 1.ieulenant for the County of BuLkineharn has the powerlo app)int new trustees. In practice, such appoETrtmcnts aTe recommended by the existiDg tru&ees haviti¥ <jF v¢n du¢ consideration the skills and knoiwledge of ihe apwintee. ThL offiLials of the Friends are apEMTrinied by the tDJstees. The IruEtee8 meei vvery fourmnnths to consider matters relating io the ¢haritv, in particular the reports from the Appgal Lominitttt and the Inspection Committee. The latteT responds to applications for wt assistance made to the st by visiti the applicant church and submitting a rerommendaiion to the trustees. Objectii"es and Activitie$ The principal objects of the tn]st are the presetvation and impn)'ttI of chllrch&5 irt RUckina&h1re. The objects a achiev¢d by making aiailable forthe purpose of such preservation and improvement.
Grants are fijnded from the net incorne and reserves of the trusL The is lIant on income from investments and ariouS fund-raising ev¢nts including fimds raised by the Friends. The Friend5 of Buckinghamshire's Hisloric Lhurches 15 run &s a separate Or0ls8tiOn within Buckingh3rnshire Historic Churches Trust.. under its ternls of refer¢nc¢ ai revised bv the TtU5tees in October ?013 th¢ aims of the Friends are lo raise awareness of the trust. to involve more Ople in its activities and to raise fi]nds for the trust. Ilnder the tem)¥ ot refer¢nc¢ once a the Friend5 transf¢r to the trust an). sums held in excess of £JOOO. Achiei'ement5 and Performanet Goi'ernanee Durin(F the s'ear the trustees have rtviewcd and Upded the Imious policies and procedures including the &fse%£ment and management of risk the withtn the trusL The t application process been reviewed. All poltcies and procedures are subject to an annual Feview. 'The investmellts held by the tnkst are also subjeci io regular review with a view to m&ll]SIng income without increasino rÈsk. The tru5tett continue to make gyants to vaTiOUS Church for preservation projects tots¢ther wilh srllaller emcrfF¢llCV fundinp ts. DuYin(T tbe year. the trua made 9 2rnnts to a totsl value of £45.975. This figure, reduced from £74.51K) in 2023-?4. retlects the lower l¢v¢l of grant applications receiN"ed by the trust rdther than an)" reduction in available fund In%'olvement w'ith national-Ride & Stride- event raised a net figt of £11,090 a vnall de¢rEase th previ(Trus !"ear. The t¢ntS orgallised by the fimd-rnisints committee resulted in n¢t inwtne duringthe yearof £4,9?9 In¢ome from investments a[ollted to £)4.185 (£)4.107 in 24) The Trriend5 collect subscriptions from member% and raise mone) through ortsanised events; other donations 8re accepted from individuals and churches to funher the work of the trust. Gift aid on subscriptions and donations is claimed by and paÈd directly to the trusL Financial Review. nurtn(% thc year the trust had a surplus of incomc ovcr ekpenditure of £8.239 The value of invesknents. decreased by £20,205 so that unrestricted fid5 fell to £l,0?3,065. Since the ini'estments h¢ld by the trust are prirnarilv held for income purwses variations in the capttal valll¢s are noi of immediate concern. The Friends had an exce&s of expLmditure over income of £149. The F'riends fimds {M)d at £4,792 at th¢ year- end1£4.941 in 2024). Resern'es Polic) Thc twstees seek io FnaintsTrtr the level of Teserves such a I.el 85 to generate sufficient in¢ome to maintai their urdllt making al a level Ihai will provide sup]xxt to church restoralion projects. As far as is POS5ible all surplus income is Used to fund grant makin2 in the same financial year. Hoever, the trustees iTrill consider makin(T using fun(Ls from reserves iNthete the application is r¢g2rded of beinct of exr¢plional merit or urgency. Publie Bentfit The trust has refeFTed io the guidance contaÈned in ihe Charity Lommission's &Fenerdl gui(5ance on public benefit .hen reyiewints its airns and objectives and in planDiD? tre activities. In particular. the trustees consider hom, planned activities will contribute to the aims and objeciives have set. on half of the trstee5. Pin Rt Elon. Sir David Lidinglon KCB CBE |912¥-
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts SeGtion A Independent Examlneff s Report Report to the trustees Buckinghamshire Historic Churches Trust On accounts for the year ended 30" April 2025 Charity no (if any) 206471 Set out on pages 14 I report to the trustees on my examination of the accoLJnts of the above charity (Yhe Twst") for the year ended 3Qlh April 2024. Responsibilities and basis of report As the charrty's trustees, you are responsible for the preparation of the accounts in accordan with the requirements of the Charrties Act 2011 Act.). I report in respe(* of my examination of the Trust's accounts carried out under section 145 ofthe 2011 Act and in carying out my examination. I have followed all the applicable Directjons given by the Charity Commission under section 145(5)(b} of the Act. Independent I have completed my examination. I confimi that no matertal matters have examiner's statement come to my attention in connection with 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 Act", or the accounts did not accord with the accounting records., or the accounts did not comply wrth 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 Irue and fair. view which is nol a matter constdered as part of an independent examination. I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in Ihis report in order to enable a proper understanding of the acGounts to be reached. Signed: Date: h September 2025 Name: Mark Jackson Relevant professional qualification{sl or body (if any): FCA Institute of Chartered Accountants in England and Wales Address: 5 The Old Orchard High Wycombe HP15 6AS
Buckinghamshire Historic Churches Trust ststemellt of Fillaocial Activities for the year ended 30th April 2025 IINRESIRICTED FtIND,S 'colirIG RESOURC.ES SubxriptiO Gift Aid Annual subscriptio Jdtknatio I£gacv Inco¢ TrJpsfer froH2 the Friendsof Buckit¥lLth'5 Fli#LKYt ChwcFsTnclthgGift Aid Donations from Ph73] C.huYch Counci]s 21llS 2024 275.00 952.00 1562) 7.140.00 682.io 3.470.IXI liJ79 8.30i.00 J275.00 Sponsored Lvclt Rid¢ Le F.xtthses 11683.1 I -1.593.40 11,1189.71 13.723.71 -2.102.95 11,620.76 Sumffltr ReceptioJL F.¥cnts& Aweafs 8.650.J6 -).721J5 4J29.01 28,691.82 -330.)7 28J61.2i Golden Jubilee Book Sales Writr¢n Back 0.00 0.00 Dii"idends JnT¢rest on Inves¢Jnents B Interest 31.690.01 1,869.48 62i24 34,184.73 31.620.38 l.JJl.96 Mt% Income Totsl IRtominv Resources TInrtriCttd Funds 34.106.66 o.oo 91962.92 6158195 EXPENDITIIRE Grants AthrIstd ITr Yeat Newsletter Produc1r & Distribution - StaiioTVy.. P05[¥ Telephonedc Tra¥'el F.ipcnses 45.975. 393.06 417.41 74.500.00 320.00 235.08 0.00 345.31 267.20 Bank. Service LTharg M¢etinR fAFnses %ubsttiptiOllS Admtnisiration Gjsts leb %ilE F.xpen8es Total Expenditurt UnrtstriclEd Exe¢ss of Income ovtr Exptllditu 5.11 158.40 0.00 47_00 3.645.76 2,162.i0 53J44.44 8JJ8.51 .20,20U2 -11.966Jll 138.IK> 2,080.81 2.660.00 8OJ46AO 12A1652 4798824 60A04.76 IINREALJSED SURPLUSI{I.OSS} ON 1Tr4yLSTryS Moveme]rt ID Fumdy
Buckinghamshire Historic Church£s Trnst B2lance Sheet as at 30th April 2025 2025 2024 FIXED ASSF.TS Investtnents at Market Value COIF Invesmieni Fund Income Units LOIF Fixed Inierest Fund Schrod¢rs Equtty Income (Growth Tnt} 746520.98 781.Q27.45 0.00 2i7,00).69 1,018,031.14 251.305.64 997026.62 CURRETrif ASSETS Debtors & Prepayments COIF Charities I)eposit Fund Lash aÉ Bank and tn Hand Total CurreDt Assets 4.693.00 ?9,070.00 46,475.80 90238.80 5.812.00 39.070.00 62,618.29 107000.29 CURRENT LIABILITIES Sundry Crcditors Grants Approved Not Paid 65,IXX).00 6.00 90.$00.00 90500.110 NET CURRENf ASSETS 17,oooa9 Totsl Assets Less Currtllt Liabilities I,lJ23,06>.42 1,035.03J.43 FUNDS (UNRESTRICTF.D) Furtd Balanc¢ brought forward l May 2024 Net movement in fimds forthe year Fund Balanee earried ftsrward 30th April 2025 1.035.Oil.43 -11.966.01 1.1123,065.42 974,626.67 60,404.76 1.035,031.43
Buckinghamshire Historic Churches Trust Notes to the Accounts for the year ended 30th April 2025 l Accounting Polici&s a Basis of Accountino These accounts have been prepared iEt arwrdance with the Ststefflent of Recomrnended Practice for Charittes. The investments att included at vuC as reeommentsl by the SORP. Grants Tnade axe accoulltcd for in the yeAT in which they ar¢ authori5e Subscriptions alld donatiOTL% are accounted for in the year in which they are paid orreceived dttd in¢lude Gift Aid where appropriate. Dividend and Other Invesbnent IDwme is ac¢ount¢d for io the year in wFLich it T5 received InvestmeDt Assets Market Value at beoinning of Year Additions during year 4 ¢ost Add l (Dedu) Nlovement on Valu10 1,018,031 (20,205) Market Value at ¢nd ofyear 997,827 Cost as at end of yfdr 639.000 Market Value at end of year COIF Incolne sha COIF Fixed loterest Fund ( s¢¢ notr) Schrodu5 Equty Inuy]n¢ (Gvowth TTu&) 746.521 251,306 997,8?7 Inv¢51ments more than 5•/0 of the Assets less Liabilities Vo of Assets of TtU5É 2025 72.96° 24.561/1• 2024 75.460A 22.9 COIF Inrome Shares Schrod¢r Equiry Incom¢ (Growth TnLSt)
Friends of Buckinghamshire's Historic Churches Stat¢meni of Financial Activities for the year ended ioth April 2025 2025 2024 Incominu resources Sub5Griptions General DallOnS In¢ome from b(boks sales and everts 4,6S0.( 67.00 923.io 5.670.50 12.04 5.6*2.54 i,925.00 56.00 1,052.50 7,OJi.50 12.49 7.04i.99 Bat Interest Totsl Incoming Resourtr Expenditure 8tationeri,Postage & Printin BanL. Charges Cost of events Trustee Expenses Transfer of donations to Bucks Historic Churchts TnL5t Total Expenditure 0.00 6225 119.29 0.00 5.650.00 5,8i1.54 96.75 77.(N) 6?9.42 7,000.00 7,80J.17 Net Incoming Resources -149.00 -757.18 Friends of Buckinghamshire's Historic Churches Balance Sheet as at 30th April 2025 2024 Current A55ets C&%h 2t Bank 4,941.03 CuTrellt Liabilities Creditors ( BHCT ) Net A55ets 0.00 4.7Y2.Oi FUNDS Fund Balance brought fOard ISÉ May2024 Net movetnent in funds Fund BalaTh carried forward 30th April 21r25 4,941.03 -149.00 5.698.21 -757.18 4.941.0)