2023-03-31-accounts - The Norwich Historic Churches Trust Limited

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		Page
Reference and administrative details ofthe Company,	its Trustees and advisers
Trustees' report		2-7
Independent examiner's report
Statement offinancial activities
Balance sheet		10
Notes to the financial statements		11-25

Trustees
					Mr O. Chinn 2
					Mr D. Fullman (resigned 31January 2023)
					Mr A. Giles (appointed	1 November 2022)"
					Ms F.M. Godden (resigned 29 November			2022)
					Ms M. Gooch (resigned 29 November Ms S.K.Gore, Chair ""		2022)
					Dr. N. Groves (resigned 30January 2023)
					Mrs F.E.Hartley 4
					Mr S.Heywood
					Mr P. Hunt (resigned	29 November2022)
					Mr G. Ishmael 4 Mr C. McCarthy, Vice	Chair (appointed		26 April 2022)'"
					Mr A.G. Munro 4
					Ms C.A. Oliver 4
					MsJ.Roy, Treasurer	"4
					Miss SF KTwyford
Committees:	' Finance			a Property	management and Heritage	sHesith and Safety		s Fundraising
Company	registered		number		01134684
Charity registered		number			266686
Registered	office				St Martin At Palace Church
					St. Martin At Palace Plain,
					Norwich,
					Norfolk, NR3 1RW
Company secretary					Ms SC Martins
Accountants					Larking Gowen LLP
					Chartered Accountants
					King Street House
					15Upper King Street
					Norwich NR3 1RB
Bankers					Barclays Bank Pic
					Norwich
					Norfolk NR1 3QH
Solicitors					Birketts LLP
					Kingfisher House
					1 Guilders Way
					Norwich
					Norfolk NR3 1UB

				Restricted	Unrestricted	Total	Total
				funds	funds	funds	funds
				2023	2023	2023	2022
			Note	6	E	6
Income from:
Donations and	legacies				6,819	6,819	5,261
Charitable activities				175,216	211,330	386,546	947,466
Investments					1,675	1,675		59
Other income					37,260	37,260	30,665
Total income				~175216	~257 084	~432 300	983	474
Expenditure on
Charitable Activities				548,875	237,451	786,326	541,615
Total Expenditure				~548 875	~237451	~786326	541	616
Net (expenditure)l		income		(373,659)	19,633	(354,026)	441,856
Transfers between		funds	15	4,226	(4,226)
Net movement	in funds			369433	15407	354026	441	856
Reconciliation	offunds
Total funds brought		forward		544,443	129,788	674,231	232,375
Net movement	in funds			(369,433)	15,407	(354,026)	441,556
Total funds carried forward				~175010	~145195	~320205	674	231

			BALANCE SHEET	BALANCE SHEET
			AS AT	31 INARCH 2023
					2023		2022
			Note
Fixed assets
Tangible assets			12		1,419		736
Current assets
Debtors			13	71,077		299,416
Cash at bank	and in hand			410,026		470,326
Total current	assets			~481 103		769 742
Creditors: amounts		falling due within	14	(162,317)		(96,247)
one year
Net current	assets				318,786		673,495
Total Net Assets					320205		674 231
Charity funds
Restricted funds			15		175,010		544,443
Unrestricted	funds		15		145,195		129,788
Total funds					~320 205		674 231

4. Incom	e from charitable	activ	ities
				Restricted	Unrestricted	Total
				funds	funds	funds
				2023	2023	2023
				6	E	6
Rent receivable					201,085	201,085
Church	studies				497	497
Grants	received			114,500		114,500
Listed	places ofworship	grant	income	59,984	634	60,618
Other incoming resources				732	9,114	9,846
Total income from charitable			activities	~175216	2~11 330	~386546
				Restricted	Unrestricted	Total
				funds	funds	funds
				2022	2022f	2022
Rent receivable					170,828	170,828
Church	studies
Grants	received			T15,862	17,907	733,769
Listed	places ofworship	grantincome		27,243	10,901	38,144
Other incoming resources					4,745	4,745
Totalincome				743 105	204381	947486
5.Investment	income
				Unrestricted	Total	Total
				funds	funds	funds
				2023	2023	2022
					F
Interest received				~1675	~1675	59
Total 2022

		Unrestricted	Total	Total
		funds	funds	funds
		2023 6	2023f	2022f
Insurances	recharged	37,260	37,280	29,898
Events				770
Total incoming resources		~37260	~37260	30668
Total 2022		30,668	30,668

Summary	by fu	nd type
			Restricted	Unrestricted	Total
			funds	funds	funds
			2023	2023	2023
			6	8	6
Insurance				43,458	43,458
Maintenance			548,875	83,118	631,993
St Martin at	Palace	(utilities)		2,954	2,954
Wages and salaries				82,232	82,232
Administration				14,916	14,916
Legal and professional				3,386	3,386
Marketing				475	475
Depreciation				1,224	1,224
Bad debts				1,850	1,850
Independent	examiners fee			3,838	3,838
Total expenditure		by fund type	548875	237451	786326

					Restricted	Unrestricted	Total
					funds	funds	funds
					2022f	2022f	2022
insurance						36,836	36,835
Maintenance					307,853	82,450	390,303
St Martin at Palace						3,374	3,374
Wages and salaries						70,874	70,874
Administration					821	11,221	12,042
Legal and professional						17,617	17,817
Marketing						5,304	5,304
Depreciation						1,550	1,550
Governance	costs					3,718	3,718
Total expenditure		by fund type			308874	232944	541618
.Analysis ofexpenditure				by activity
					Activity
					undertaken	Support	Total
					directly	cost	funds
					2023	2023	2023
					6	6	6
Insurance					43,458		43,458
Maintenance					631,993		631,993
St Martin at Palace					2,954		2,954
Wages and salaries			*		38,289	45,963	82,232
Administration						14,916	14,916
Legal and professional						3,386	3,386
Marketing						475	475
Depreciation						1,224	1,224
Bad debts					1,850		1,850
Independent	examiners fee					3,838	3,838
Total expenditure			by activity		~716524	~69802	~786326

8.Analysis ofexpenditure	8.Analysis ofexpenditure	8.Analysis ofexpenditure	by activity	(continued)	(continued)	prior year	prior year
								Activity
								undertaken	Support	Total
								directly	cost	funds
								2022	2022	2022f
Insurance								36,836		36,836
Maintenance								390,303		390,303
Sl Martin at Palace								3,374		3,374
Wages and salaries								32,253	38,621	70,874
Administration									12,042	12,042
Legal snd professional									17,617	17,617
Marketing									5,304	5,304
Depreciation									1,550	1,550
Independent examiners fee									3,718	3,718
Total expenditure	by	acti vity						462 766	78852	541 618
9. Independent		examiner's	remuneration
									2023	2022
									E	f
Fees payable		to the Company's		independent		examiner	for the
independent	examination		ofthe	Company's		annual accounts
10. Staff Costs
									2023	2022
									E	f
Wages and salaries									76,660	66,120
Social security costs									1,579	1,463
Pension costs									3,993	3,291
Total staff costs									82232	70874
The average number		ofpersons	employed		by the	Company	during the	year was as	follows:
									2023	2022
Surveyor									1	1
Administration									3	2
Total									4	3

During the year ended 31 March 2023, expenses total Trustee). 12. Tangible Fixed Assets	ling 8108were reimbursed to	1 Trustee (20	22 881 to
	Fixtures	Computer	Total
	and Fittings	and office
Cost or valuation		Equipmentf	8
At 1 April 2022	4,765	8,964	13,729
Additions		1,907	1,907
At 31 March 2023	~4765	~10871	~15636
Depreciation
At 1 April 2022	4,400	8,593	12,993
Charge for the year	323	901	1,224
At 31 March 2023	~4723	~9494	~14217
Net book value
At 31 March 2023		~1377	~1419
At 31March 2022	365	371	736
13. Debtors
		2023	2022
Due within one year		8	6
Trade debtors less bad debt provision		26,556	19,744
Prepayments and accrued income		19,521	29,872
Grants receivable		25,000	250,000
Total Debtors		~71 077	299416

Statement offunds	—current year	—current year	—current year
				Balance at	Income	Expenditure	Transfers	Balance at
				1 April			in/out	31 March
				2022 6	8	6	E	2023 f
Unrestricted funds
Designated funds
General unplanned	repairs			50,000				50,000
General funds				79,788	257,084	(237,451)	(4,226)	95,195
Total unrestricted	funds			129788	257 084	~237451	~4226	145195
Restricted funds
St Margaret's development			phase		(4,226)		4,226
St Margaret's repair		phase		500,000	153,831	(503,856)		149,975
St Gregory's repairs				250				250
St Michael Coslany
				16,361	24,879	(37,741)		3,499
Paul Bassham Trust- Glass door				699				699
Jarrold's Trust - Flintwork			repair	1,000				1,000
Heavenly Gardens				18,347	732	(565)		18,514
The National Lottery		Fund	Bid —Pre-	1,663			(1,000)	663
Development phase
Calthorpe Memorial		Restoration		5,713		(6,713)	1,000
The Lady Hind Trust				410				410
Total restricted Funds				~544443	~175216	548875	4~226	~175010

		Balance at	income	Expenditure	Transfers	Balance at
		1April			infout	31March
		2021 E	f	f	6	2022
Unrestricted funds
Designated funds
General unplanned repairs					50,000	50,000
Generalfunds		138,692	240,369	(232,944)	(66,329)	79,788
Total unrestricted funds		138692	240 369	~232 944	~16329	129788
Restricted funds
Historic England - St	Margaret's
development phase		45,000	11,814	(71,973)	15,159
Historic England - St	Margaret's
repair phase			500,000			500,000
St Gregory's repairs		250				250
Historic England - St	Michael
Coslany			217,461	(201,100)		16,361
Historic England - St	John' s	1,408			(1,408)
Paul Bassham Trust —Glass door		699				699
Jarrold's Trust - Flintvvork repair		1,000				1,000
Heavenly Gardens		T,840	12,412	(1,905)		18,347
The National Lottery	Fund Bid —Pre-	1,663				1,663
Development phase
StJohn De Sepulchre	(Heritage at	29,700	1,418	(33,696)	2,578
risk project)
Calthorpe Memorial Restoration		5,713				5,713
The Lady Hind Trust		410				410
Total restricted funds		93683	743 105	308674	16329	544 443

ummary of	funds —current	year
		Balance	Income	Expenditure	Transfers	Balance
		at			In/out	at
		1 April				31 March
		2022				2023
		6				6
Designated	funds	50,000				50,000
General funds		79,788	257,084	(237,451)	(4,226)	as,&as
Restricted funds		544,443	175,216	(548,875)	4,226	175,010
Total funds		~674231	~432 300	786326		~320205

ummary of	funds —prior year
		Balance at	Income	Expenditure	Transfers	Balance at
		1April			infout	31March
		2021f		6		2022
Designated	funds				50,000	50,000
General funds		136,692	240,369	(232,944)	(66,329)	79,786
Restricted	funds	93,663	743,105	(308,674)	16,329	544,443
Total funds		232375	963474	541618		674 23'I

7.Analysis ofnet assets between funds —cu	rrent year
	Restricted	Unrestricted	Total
	funds	funds	funds
	2023	2023	2023
	6	6	6
Tangible fixed assets		1,419	1,419
Current assets	249,033	232,070	481,103
Creditors due within one year	(74,023)	(88,294)	(162,317)
Totalfunds	~175010	~145195	~320205

7.Analysis ofnet assets between funds (conti	nued) —prior year
	Restricted	Unrestricted	Total
	funds	funds	funds
	2022	2022	2022f
Tangible fixed assets		736	736
Current assets	561,472	208,270	769,742
Creditors due within one year	(17,029)	(79,218)	(96,247)
Total funds	544 443	129788	674 231

At 31 March 2023 the company	the future minimum lease	the future minimum lease
payments
	2023	2022
Within 1 year Between 1 and 5years	143,867 277,250	197,950 239,515
After more than 5years	180,250	153,000
Total future lease payments	~601 367	5904S5