Rutland Historic Churches Preservation Trust.
Annual Report for 2021/22
Rutland Historic Churches Preservation Trust exists to provide financial assistance to all churches and chapels within the County of Rutland, whenever they may need help for conservation and maintenance. All of these places of worship, fine buildings, have been inherited by our generation to use and to care for, and to pass on to the next generation, diligently preserved, as we have received them.
Our new income for this year has come from very kind donations totalling £4,572 from 7 individual well-wishers, two parochial church councils, the Lions, Uppingham Rotary and the artistic director of the Rutland Calendar, Richard Adams. We also received a further generous distribution from the Estate of the late Peter Harbot. To all of these supporters we extend our sincere thanks and gratitude.
The Finance Sub-Committee continues to keep our Reserves and Investment Policy closely under review. In response to the climate of very low interest rates for cash investments the Trustees have followed a policy of an increased proportion of our investments which are held in the COIF range of recommended equity funds suitable for Charities. These funds have performed well over recent years, and are now recovering well after the downturn during mid 2020 due to Covid. Overall therefore, the growth of these investments has been significant. World events have caused a degree of re-setting during recent months but our investments are under expert management for charitable purposes by CCLA. The Finance Sub-Committee will continue to monitor these funds prudently and afford opportunities to harvest a small proportion of the growth in these funds annually in order to increase our grant giving capacity whilst, at the same time, inflation proofing our investments over the long term. In this context, Trustees gratefully acknowledge the most valuable investment advice we receive from our specialist Trustees in this field, and also the sterling work of our Treasurer for his very capable management of our range of investment options.
During the Financial Year 2021/22 the Trust has paid grants totalling £43,400 to Stretton, Braunston, Edith Weston, Egleton, Whitwell, Hambleton and Tinwell. Grants approved which have not yet been paid because work is still in progress, amount to a further £59,400 (to nine churches) most of which are likely to be paid out during the coming financial year of 2022/23
The 2021 Sponsored Ride and Stride took place on Saturday 11[th] September 2021. This event raised a total sum of over £21,000 including Gift Aid re-claimed. All of our Rutland churches were open to receive and record the visits of cyclists and walkers, so we have around 300 Church Recorders on the day to thank for this. The number of active participants was about 90, representing 41 Rutland parishes. Presentations were held at the Barnsdale Lodge Hotel on 25[th] April 2022. The Davenport-Handley Cup was awarded jointly to Niles and Mike Beadman (representing Brooke) and to John Williams from Pilton who narrowly failed to cycle to all 64 churches to mark his 64 years of age. The walkers prize, presented by Barnsdale Lodge, was awarded to John Williams of Morcott for his efforts over very many years. This biennial event is planned, publicised and all documentation is prepared by a small sub-committee of two trustees, to whom our Board of Trustees owe a great debt of thanks for their time and effort involved. The next Ride & Stride will be held on September 9[th] 2023.
Changes to our Board of Trustees
Archdeacon Gordon Steele, a trustee appointed in May 2012, retired from his position in the Diocese last October and accordingly retired as Trustee of RHCPT at the same time. Archdeacon Gordon has been a diligent adviser and supporter of our Trust during his years of service providing that most important link with Peterborough Diocese. We shall miss him and we wish him a long and happy retirement.
Four new trustees have been appointed during this year to commence their duties on 15[th] June 2022. They will be taking over the responsibilities of three of our trustees who each look after a group of our Rutland churches and who are planning to retire as trustees during the next six months or so after they have introduced their successors to our customs and practice as trustees. The newly appointed trustees are: Mrs Catherine Coulson, Mrs Beverley Hancock, Mr Vyv Wainwright and Mr Martin Wilson. We extend a warm welcome to them in their future work for our Trust.
Our Trust wishes to acknowledge and thank the Churches Conservation Trust for their work in our County. The CCT continues to fund the care of Rutland churches at Ayston, Wardley, Burley on the Hill and, most recently, St. Peter’s Church Tickencote. We truly appreciate the work done by the Churches Conservation Trust in our County.
As and when their Church Quinquennial Reports are issued we are encouraging the parochial church councils to contact us for financial help, if they need it, so that they may complete the recommended work promptly, thus avoiding any unnecessary deterioration to their Church fabric. Please contact the Secretary as early as possible when you have decided upon a project, and always before an order has to be placed for the work.
To close this report the Trustees wish to take this public opportunity of thanking, once again, all of our supporters, sponsors and donors for all they have contributed during the past year. During the coming year, as in the past, we confidently look forward to receiving the continuing favour of our benefactors, and to providing all necessary support to our beautiful Rutland churches.
June 2022.
| RUTLAND HISTORIC CHURCHES PRESERVATION TRUST RECEIPTS and PAYMENTS ACCOUNT YEAR ENDING MARCH 31st 2022 |
RUTLAND HISTORIC CHURCHES PRESERVATION TRUST RECEIPTS and PAYMENTS ACCOUNT YEAR ENDING MARCH 31st 2022 |
RUTLAND HISTORIC CHURCHES PRESERVATION TRUST RECEIPTS and PAYMENTS ACCOUNT YEAR ENDING MARCH 31st 2022 |
RUTLAND HISTORIC CHURCHES PRESERVATION TRUST RECEIPTS and PAYMENTS ACCOUNT YEAR ENDING MARCH 31st 2022 |
RUTLAND HISTORIC CHURCHES PRESERVATION TRUST RECEIPTS and PAYMENTS ACCOUNT YEAR ENDING MARCH 31st 2022 |
RUTLAND HISTORIC CHURCHES PRESERVATION TRUST RECEIPTS and PAYMENTS ACCOUNT YEAR ENDING MARCH 31st 2022 |
RUTLAND HISTORIC CHURCHES PRESERVATION TRUST RECEIPTS and PAYMENTS ACCOUNT YEAR ENDING MARCH 31st 2022 |
RUTLAND HISTORIC CHURCHES PRESERVATION TRUST RECEIPTS and PAYMENTS ACCOUNT YEAR ENDING MARCH 31st 2022 |
RUTLAND HISTORIC CHURCHES PRESERVATION TRUST RECEIPTS and PAYMENTS ACCOUNT YEAR ENDING MARCH 31st 2022 |
RUTLAND HISTORIC CHURCHES PRESERVATION TRUST RECEIPTS and PAYMENTS ACCOUNT YEAR ENDING MARCH 31st 2022 |
A | A | A | A | A |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RECEIPTS and PAYMENTS ACCOUNT | ||||||||||||||
| 2021 - | 2022 | 2020 | - 2021 | |||||||||||
| £ | £ | £ | £ | £ | £ | |||||||||
| OPENING CASH BALANCE | 108,078 | 45,259 | ||||||||||||
| RECEIPTS | ||||||||||||||
| Ride & Stride Sponsors | 21,013 | 0 | ||||||||||||
| lesspayments to churches | -9,458 | 0 | ||||||||||||
| less administration | -50 | -50 | ||||||||||||
| Ride & Stride Surplus | 11,505 | -50 | ||||||||||||
| Donations(inc. Gift Aid) | 4,072 | 849 | ||||||||||||
| Interest & Dividends | 9,325 | 8,995 | ||||||||||||
| Calendar Sales Donation | 500 | 25,402 | 800 | 10,594 | ||||||||||
| PAYMENTS | ||||||||||||||
| Grants | 43,400 | 18,000 | ||||||||||||
| Administration | 802 | 44,202 | 525 | 18,525 | ||||||||||
| SURPLUS / DEFICIT | -18,800 | -7,931 | ||||||||||||
| Legacies | 21,509 | 200,750 | ||||||||||||
| MOVEMENT OF INVESTMENTS | ||||||||||||||
| Deposits withdrawn | 50,000 | 20,000 | ||||||||||||
| Deposits opened | 0 | 50,000 | -150,000 | -130,000 | ||||||||||
| CLOSING CASH BALANCE | 160,787 | 108,078 | ||||||||||||
| STATEMENT of ASSETS and LIABILITIES at MARCH 31st | 2022 | |||||||||||||
| ASSETS | ||||||||||||||
| BANK BALANCES | ||||||||||||||
| Barclays current account | 57,603 | 54,933 | ||||||||||||
| COIF deposit account | 103,184 | 160,787 | 53,145 | 108,078 | ||||||||||
| INVESTMENTS | ||||||||||||||
| Equitybased(market value) | 687,659 | 676,074 | ||||||||||||
| Short term deposit | 90,311 | 89,558 | ||||||||||||
| Fixed term deposits | 130,207 | 908,177 | 128,259 | 893,891 | ||||||||||
| TOTAL ASSETS | 1,068,964 | 1,001,969 | ||||||||||||
| LIABILITIES | ||||||||||||||
| Grants committed | -59,400 | -56,400 | ||||||||||||
| TOTAL NET FUNDS | 1,009,564 | 945,569 |
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