CHARITY REGISTRATION NUMBER: 267047
The Suffolk Historic Churches Trust
Unaudited financial statements
5 April 2025

The Suffolk Historic Churches Trust
Financial statements
Year ended 5 April 2025
Page
Trustees. annual report
Independent èxaminèrfs report lo Ihe Iruslees
Statement ol financial aclivilies
Balan¢e sheet
10
Notes lo the linancial statements
11

The Suffolk Historic Churches Trust
Trustees, annual report
Year ended S April 2025
The Iruslees p￿Sent their rèport and the unaudiled financial stal&m8nls ol the charity for the y8ar ended
5 April 2025.
The financial statements have been prepared in accordance wlh IhÈ 8¢counting policies sel out in notes lo
the account5 and comply with the charity's governing document. the Charities Act 2011 and A¢¢ounling and
Reporting by Charities.. Statement ol Recommended Practice applicable lo charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland
published in October 2019.
R•ferene• and administrative detai15
R•glst•r8d ehafity nam•
The Suffolk Historic Churches T¥usl
Charlty registration number
267047
Prlncipal offico
Brinkleys
Hall Street
Long Melford
Suffolk
C010 9JR
The truste¢$
The trustee5 who Served during the year and at the date of approval were as follows..
Geoffrey Probert DL Ichairmanl
David King (Honorary Treasurer)
The Hon Charles Boscawen
John Devaux DL
David Gould
Loudon Greenlees
Mary Lvxmoore-Slyl8s
Jamie Norma
Nicholas Pearson OBE
Tony Redman
Simon Ronan
Rachel Sloane
Sesi Turnbul
Edward Bland (Resigned 15107120241

The Suffolk Historic Churches Trust
Trustees. annual report f¢ontlnuedl
Year ended 5 April 2025
Patron
Clare Countess of Euslon. Lord Lièulenanl of Suffolk
Vic• Patrons
The Bishop ol East Anglia
The Bishop ol St Edmundsbury and Ipswich
Irice Pr•sident$
Alan Barker
Ray B$dwell
Martin Fav811
Judith Foord
Patrick Griève
Lady Julia Henniker
Diana Hunt
Christina van Melzen
Clive Paine
Robert Rous DL
Simon Tennanl
Roy Tricker BEM
Robert Williams
Mary Wollon
Hon Secretary
Jill Taylor
Assistant Socretary
Halen Read
Hon Trea5ureT
David King
Hon Bike Ridè Tr•asur•r
David Gould
Hon Grants S•cr•tary
Adrian August
Hon EdueatSon Officor
Jamie Norman
Hon Publicity Officer
Rachel Sloane
Sollcltors
Birketts
24-26 Museum Street
Ipswich
IP1 1HZ

The Suffolk Historic Churches Trust
Trustees. annual report l¢ontinuedJ
Year ended 5 Aprll 2025
1nd•￿nd¥nt •xamin•r
Abigail Robinson FCA
Lovewell 81ake LLP
Chartered accoLtntanis
First Floor Suile
2 Hillside Business Park
Bury Sl Edmunds
IP32 7EA
Banker5
Royal Bank of Scotland PLC
8-10 Princès Streèl
Ipswi¢h
Suffolk
IP11QT
CAF Bank Limited
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ

The Suffolk Historic Churches Trust
Trustees, annual report (Colllintsed)
Year ended 5 April 2025
Objectives and activities
The Charity's staled objectives per the Trust Deed are to apply the income and capital of the Tru511o the
preservation. repair, maintenance. improvement, upkeep, beaulificalion and reconslruction of churchès in
th9 County ol Suffolk and of monuments. fittings. fixtures. stained glass. furniture, ornamenls and chattels
in such churches and of the churchyard belonging lo any such ¢hurchès. "Church" means any Church,
Chapel or olhèr buildings used for public worship whether belonging lo or used by the Church of England OT
any other religious body.
The Trustees have considered the Charity Commission's guidanc8 on public b•nefil when selling the
obj8ctives lor the year.
The Trustees confirm that they have complied with the duly in Section 4 of the Charilies Acl 2011.
Grant making policy and proe•dur•s
The Charity invites applications for funding ol projecls from churches in Suffolk in a sp8cifi¢ formal. The
applications are reviewed against specrfic eriteria by the Grants Committee who approve or refuse grants.
The project performance 1$ monitored by the Grants Committee. Approved grants must be taken up within
two years of beirig awarded and ar8 paid on r8ceipl ol evidence that the project has been completed.
Achl•v•mènts and performance
In shaping our objèctives lor the year and planning our aclivilies. the Trustees have Considered the Charity
Commission's guidance on public benefit.
The income of the Trust is detailed in the Slalemenl of Financial Aclivilies together with the supporting
details ol Fund Raising Events. It is the aim of thè Trust to act as a long term distributor ol grants in
accordance with ils charitable purpose5.
All significant legacies are used lo establish dèsignatèd funds which are transferred lo the incorne fund in
equal annual arnounls over five years unlèss they are designated for a specific purpose. Other unreslricled
legacies, sums received in memoriam. subslanlial donalions and Friends, life donations are CTediled lo the
Capital Fund. of which 33.30/D of the openin9 fund balance al the start of each a¢counling year is
transferred lo the income fund and available for dislribulion. Details of all other Teslrid8d and designated
funds are shown in notes lo tha accounts.

The Suffolk Historic Churches Trust
Trustees. annual report f¢ontln¢md)
Year ended 5 Aprll 2025
Flnan¢ial rèvl•w
Despite some very g8nerous donations and legacie5 the Trust's income dècreased to £276,200 12024..
£386,543). Despite this, the Trustees to decide to step up theii giant-giving in 2025 following record income
levels in 2024.
Grants awarded lo churches in the year totalled £191,32512024.. £150,600). The grants awarded along with
the share of fundraising events paid to participating churches of £78.985 12024". £86,9111 ma¢Je up Ihg
majority ol the lolal expenditure.
After taking into 8c¢ounl a loss 12024.. gain) on inveslmenls. expenditure exc@Èded income by £74,030
12024.. income excgeded expènditure by £172,406). This re5ulled in lolal fijnds carried for the year
decreasing lo £969,31912024." £1,043,349).
Rèserves pollcy
Within designated funds is a reserve fund held lor the general purposes of the Charity and for the making of
grants if for any reason lund raising events in any particulady year did nol take place. The reserves policy is
Iherèlore sel to a minimum ol one year's incoffle. Basèd on the income activity of 2025 the amount held as
d8signat6d eouales to a reserve position just over 24 months which the Trustees consider to be prudent in
lighl ol the conlexl ol the currenl environment.
The Trustees aim lo build the reserves by inflation 8ach year and lo expense exces5 reserves in line with ils
aim and objectives in limes of need. In the opinion of the Trustees the surplus held in èxcess of the
1gseNes policy is therefore adèquatÈ to the purposes of the Chafily.
Inv•$tm•nt palley
The Finance Committee has considered the most appropriate policy for investing funds and has found thal
unil Irusls. some specilically designed for the charity se¢lor. meet their requirernents lo generate
conservative Capilal growlh. The Finance Committee appoinled CCLA to manage I￿ ongoing inveslmenls.
Thè investments of the Trust are common inveslment lunds as defined in charity legislation. Cash
resources above immediate working requirements are deposiled with a common deposit fund as defined in
the same Act.
Plans for futur• p•rSods
The Charity plans to continue to support the sponsored cycle ride and other fundraising events in line with
ils aims and obj8ctiVgS.
For thè yèar ènded 5 April 2025 the Charity Is seeking to maximise its income and capital for the ongoing
preservation, repair, maintenance. improvement. upkeep, beautification and reconslruclion of churches in
Ihe County ol Suffolk and of monuments, litlings, fixtures, stained glass, furniture. omamenls and challels
in such churches and ol the chur¢hyafd belonging to any such churches for which the Trustees consider lo
be an ongoing and constant pr¢ority year on year.

The Suffolk H18torlc Churchés Tnmt
Truste88' annual rgport(¢tyth•*
Y•ar •nded S Aprfl 2026
Th& Suifolk Hi¥trt Churc1￿ Try*l ￿tAbl￿d by • Tr￿t (l•¥J dat•d 21 D•¢ombw 1973. 11 ￿ a
rngiutarnd Chartty, nuth267047. Tr• Trust an erwiron￿ W, rxth 020182. In
June 2017.
The Tntsi 18 gov8m￿ ty tho Tnffjte￿ VI1￿ rmet tirr• a yov d￿￿lar* 4Te tskan
by them. Olher m•tlw8 •rg do109aW to tho Rlda Comnth•, Grart8 and Finance
Comrnil*•• 48 kndl¢ated by tho (*rTvTri￿ tiY89. Th•￿ ¢>Thlttws •a¢h nx•t IT￿ frwr Im•$ a ye•r.
Plo¥t ol the eAmvrt •re very ¥thh tr* of th8 Chwity. h￿n0 *•N•d for Some timo,
Pro3￿¢*￿ new Trusts•J fjro In¥tt•J to 8tt8nd 8 ff*eling th• C￿rn￿n to f•mlL4rt89 them8•1¥￿
th• Chwlty and tr* &)r*thin Itcfmkns.
I￿rfn9 and the prtor yw Ihb Tntst arpbyal ￿ Ajthlarrt S•er*ry •nd * for tholr offle•
•ndf•lr ov•nlrf•
Th• financtol tht•menl8 Iwve been wp*•d It> w• il 'lnx aTxJ 4ThJ hm depart•d from thg
Ch8rlties IAccpurrt6 and R•portal Re9￿￿10n6 2008 to the Ywuirtsj lo prov￿e a hlr
v•1. Thls daparlurn ha8 trwLfv8d fdbthr¥J th? Actt*u* ond Rewdng by char1t1￿. St•toment of
ReComn￿r•jfjd Pl8a1￿ applicatde to ¢Awrtb"e• prewfng trdr *nw81 ¥t*wTwnts kn ¥¢¢ord8Tr￿ wltit 019
Fin*nd*l R•portln9 Standard aWkJAb￿ In tho UK and R•wknll¢ of Ir•l*>J iwd kn C*tober 2019 raibor
than th• A¢wuntirtg WKI RewUn9 by c￿rtI1* 8t*emwrt ol Pw•i*¢e •ff•¢tlvafrnm l A￿1
2005 h89 drKe be¢nwitlxlrwAm.
A molub￿l to 4gptht Rcè**on FCA ol Blakn LLP u lThJyndBrrt YAII Ix
¢n b•h&lf ol th• buml of
tsuthg• by.
Chatrrmn

The Suffolk Historic Churches Trust
Independent examiner's report to the trustees of The Suffolk Historic Churches
Trust
Year ended 5 April 2025
I report lo the charity truslaes on my examination of the finanoial stslements ol the charity fof the year
ended 5 Apnl 2025 which comprise the statement of finanoial a¢tivities, balance sheet and the related
notes.
Re$ponsibiliti•s and basls of report
As the charity's Iruslees you are responsible for the preparation of the financial siatements in accordance
with the requiTemenls of thè Chariti&s Act 2011 1.the Acl'l.
I report in TespeGI of my examination of the charity's financial sialgments carried out under section 145 of
the Act and in Garrying out my examination I have loll¢)wed all thè applicable Directions given by the Charity
Commission undèr sèclion 14515llbl ol the Act.
Indèyndènt examiner's statemont
Since the eharily's gross irbcome exceeded £250.000 youi examiner musl be a member of 8 body listed in
section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination becausè l am a
member ol the Inslitute of Chartered Accountsnls in England and Wales IICAEWI, which is one ol thè listed
bodies.
I have completed my ex8min81ion. I confirm Ihal no material matters have ¢ome to my attention in
¢onnection with the examination givin9 mè cause lo believe that in any material rbspect".
accounting records were not kept in respect of the ch8rity as rgquifèd by section 130 of the Act.,
or
the financial statements do not accord with those records., or
the financial slalements do not comply with the applicable reqU1￿mentS concerning the lom and
content of accounts sel out in the Chafltiès IAccounts and Report51 Regulations 2008 other than
any requirement that the accounts give a 'true and fairf view which is not a maller considgred as
part of an independent examinalion.

The Suffolk Historic Churches Trust
Independent examiner's report to the trustees of The Suffolk Historic Churches
Trust (¢ontinu•dJ
Year ended S April 2025
I have no eoncems and have come across no other matters in Connection with the examination to which
attention should bè drawn in this report in older to enable a proper understanding ol the accounls to be
reached.
Your attention is drawn lo the lact that the Charity has prepared the aGcounls (financial statements) in
accordance with A¢counling and Reporting by Charities.. Statement ol Recommended Practice applieablè to
charitie5 preparing their accounts in accordance with the Financi81 Reporting Slandaid applicable in the UK
and Republic ol Ireland IFRS 1021 in preference to the Accounting and Reporting by Charities.. Stalèment ol
Recommenlled Pra¢li¢e issued on 1 April 2005 which is referred lo in the extant regulatsons but has since
been withdrawn.
l understand that this has been done in order for the accounts lo providg a true and lair view in accordance
with the Generally Accepted Accounting Practice effective lor reporting periods b8ginning on or after 1
January 2015.
Abigail Robinson FCA
Independent Examiner
Lovewell Blake LLP
Chartered accountants
First Floor Su11e
2 Hillside Businèss Park
Bury Sl Edmunds
IP32 7EA

The Suffolk Historic Churches Trust
Statement of financial activities
Year ended S April 2025
2025
Reslricled
funds Total funds
2024
Unreslricled
funds
Total funds
Incom• and endowrnents
Donations and legacies
Fundraising events
Inv8slm8nt income
54,863
98,100
39,711
54.863
177.269
44.068
140,173
219,724
26,646
79,169
4,357
Total incomo
192,674
83,526
276.200
386,543
Exp¥nditUfe
Raising funds
Cr)sts ol rèising lunds
Charitable activities
4,881
213.601
4.881
292.455
12,843
255,993
78.854
Total expenditure
218,482
78.854
297,336
268,836
Net lexpenditurellineom• and n•t
rnovements in funds béforè gains and
los$e$ on invè$tm•nts
125.8081
4.672
121.1361
117,707
Nel IIOs5esygains on investments
152,8941
{52,8941
54,699
N•t l•xp•nditureifincome before transfer of
funds
178,7021
4,672
174,0301
172,406
Transfers bèiwgen funds
315
13151
Net movement in funds
178,3871
4.357
174.0301
172,406
Reconciliation of fund$
Total funds brought lorwaril
Total funds carriod forward
940.827
102,522
1.043,349
870,943
862.440
106,879
969,319
1,043,349
The slalemenl ol financial activities includes all gains and1055es recogni5ed in the year.
All in¢ome and èxpendituie derive from continuing aclivilies.
Th• notts on pages 11 to 19 fom7 part of these financial statements.

The Suffolk Hlstorfc Churches Trust
BalanG• sheet
5 Aprfl 2025
Fix•d A89•ts
ffixed a¥s•ts
13
14
179
839.457
839.636
377
891351
892.728
CurMt••wts
Cash al boftk In
388.052
Crndltorn: Amountsfalllry T*lthln
on• y•ar
1240,281)
1237.431)
f29.883
,319
s￿,319
1S0ffj21
Tolal •M•l• l••• ¢unBrtW•bUNI••
1.043,349
1.043,349
FwKl• ofth# ¢l•rtty
I￿.879
102,522
940.827
1,043.349
16
989.319
Th8wfi
l •tat•rr￿ •pprnYd by th• br•rd ol and aull￿rt￿d tr l•Ju8 on
Davld
Th• n•t•• on p•9M 11 tr* l• torni p•rt oltlw •t•t•m
-10-

The Suffolk Historic Churches Trust
Notes to the financial statements
Year ended 5 April 2025
Genoral infomatlon
The Charity is a publi¢ benèlil entity and a registered charity in England and Wales and 1$
unincorporated. The address ol Ihe principal office is Brinkleys. Hall Slregt, Long Mellord,
Suffolk,COI0 9JR.
Statement of ¢ompllan¢e
The Charity con51ilules a public b¥nèfit enlity as defined by FRS 102. The financial statements have
been prepared in accordance with Accounting and Reporting by Charities". Statement of
Recommended Practice 8pplicablÈ lo charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic ol Ireland issued in Oclobèr 2019. thè
Financial Reporting Stsndard applicable in the United Kingdom and Republic of Ireland IFRS 1021,
the Charities Act 2Q11 and UK UK Generally Accepted Accounting Prathce.
The financial stslements have been prepared to give a 'lrue and fatrf view and havè departed from th8
Charities IAccoynls and Reports) Regulalions 2008 only lo the exlenl required to provide a 'true and
fair view,. This dèparture has involved following the Accounting and Reporting by Charities." Statement
ol Recommended Practice applicable to charities Preparing Ih&ir accounts in accordance with Ihe
Financial Reporting Standard applicable in the UK and RepubliG ol Ireland issued in Oclober 2019
rather than thè Accounling and Reporiing by Charities.. Stalément of Rècommended Practice effective
from 1 April 2005 which has since been withdrawn.
Accounting policies
Basls of preparation
The financial statements h8ve be¥n prgpargd on the hislorical cost basis, as modified by the
revaluation ol certain financial assets.
Going ¢one•rn
The financial stateménts have been prepared on the going concem basis and the Trustees believe
that no material uncertaint¢es exist. The Trustees have consider9d the level of funds held and the
expe¢led income and expenditure for the next 12 months from authorising these financial stalemenls.
The budgeted income and expenditure is sl￿rCient with the level of r8sèrves for the Charily lo be able
lo continue as a going concem.
Incorne tax
The activities of The Suffolk Historic Churches Trust are exempl from United Kingdom Income and
Corporation laxalion. provided that the income is applied lo charitable purposes.
Fund accounting
Unrestricted lunds are available lor use al the discretion ol th8 Trustees lo further any of the charity's
purposes.
Designated funds are unfeslricled fund5 eamarked by thè Trusl8es for particular lulure projecl of
commitment.
Restricted funds are subjected lo restri¢tions on their expendilure declared by the donor or through
Ihe terms of an appeal, and fall into onè of Iwo sub-classes.. re51ricled irscorne funds or endowment
funds.
11

The Suffolk Historic Churches Trust
Notes to the financial statements l¢ontinu0dJ
Year ended 5 April 2025
Accounting policies (continued)
Incorne
All income is included in the stalemenl ol financial aolTrvities when entillemenl has passed to the
charity. it is probable that the economic benefits associated with the transaction will flow lo the Charity
and the amount can be reliably measured. The following specific policies a￿ applied to parlicular
calog¢yies of income=
Income includes donations and legacies. For lega¢ies, entitlement is recognised from the earlier of the
dale of receipt or when sufficient nolific81ion is rèceived by the Charity to enable il lo qvanlify ils
entillemenl wilh probability. Donation5 are recognis8d when the Charity has received the income. If
thè donation is subject lo a reslriction the Charity will rècognise when the reslriclion is met or wholly
wiihin the control ol the Charity.
Income derived from fundr8ising events is recognised as earned.
Investment income is recognised on a receivable basis.
Exp*nditur•
Expenditure is rècognised on an accrua15 basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is classified undér headings of the statement of financial
aclivitiès to which tl relales..
Expendituie on raising funds includes Ihtr co$1$ of all fundraising activities, events. non•charilable
trading activities, and the sale ol donated goods.
Expenditure on charitable 8¢1ivilies in¢lud8s all costs incurred by a charity in undertaking a¢tivities
Ihal further ils charitable aims for thè benefil of ils beneficiaries, including thos8 support costs and
costs relating lo the governance of the charily apportioned lo charitable adivilies.
All costs are allo¢atod to expenditure calegofies renecling Ihe use of the resource. Direct costs
alliibutable lo a single activily are allocated directly lo that activity. Shared costs are apportioned
between Ihe activit¢Ès they contr¢bute lo on a reasonable. juslifiable and consistent ba515.
Tang5ble assets
Tangible assets are irsilially recorded al cost. and subsequently slated al cost less any accumulated
depreciation and impairmenl10ssgs Any tangible assets carried at revalued amunls ar8 re¢ordèd al
the fair value al the dale of rèvalualion less any subsequent ao¢unulalÈd depreciation and
subsequent accumulated impaimient losses.
D•prèclatlon
Depieciation is cal¢ulal8d so as to write off the cost or valualion of an asset, less its rèsidu81 value,
over Ihe useful economic life of that asset as lollow5'.
Office equipment
25,/0 straight line
Investmfjnts
Unlisted equity investments are initially recorded al cost, and 5ubtsèquènlly mèasur8d at fair value. 11
fair value cannol b8 rèliably measured, assets are measured al cost less impaimient.
Listed invèstm8nls ale measured at lair value wilh Changes in fair value being recognised in income
OT èxpènditure.
12-

The Suffolk Historic Churches Trust
Notes to the financial statements (tontlnue¢ll
Year ended 5 Aprll 2025
A¢eounting policies {¢onllnued)
Financial instruments
A financial asset or 8 financial liability IS fecognised only when the entity becomes a party lo Ihe
contractual provisions of Ihe inslwment.
Basic financial instrum8nls are initially recognised al the amount receivable or payablè including any
relal811 Iransa¢lion costs, unlèss the arrangement conslilules a financing transaction, where it is
recogni5ed al the present value ol the future payments discounted al a market rat8 01 interest for a
similar debt inslrumenl.
Currenl assets and current liabilities are subsequently measured at the cash or other consideration
expected lo be paid or received and not discounted.
Dtrbl inslrumenis are subsequently measured 818mortisèd cosl.
Where inveslrnents in shares or preference shares arè publicly traded or their fail value can otherwise
be measured reliably, the investment Is subsequèntly measured at lair value with changes in fair value
recognised in income and expenditure. All othèr such investments are subsequently measured al cost
less impairnienl.
Donations and l•gael•s
Unreslricled
Funds
Restricted Total Funds
Funds
2025
Donations
Annual donalion
Gill aid rg¢laimable
Legaciès and donations in memoriam
13,159
24,704
17.000
13,159
24,704
17,000
54,863
54,863
Unrestricted
Funds
Reslricled Total Funds
Funds
2024
(rnststedj
Donatlons
Annua1 donation
Gill aid rèclaimable
LÈgacies and donations in memoriam
42,825
19,888
64,500
42,825
32,848
64,500
12,960
127,213
12,960
140,173
13

The Suffolk Historic Churches Trust
Notes to the financial statements fcontsn¢mdJ
Year ended 5 April 2025
Fundraising tv*nts
Unrestricted
Funds
Restricted Total Fund5
Fund5
2025
Other fundraising events
Sponsored cycle ride
Pedal and drive
1,765
79.170
17,165
1,765
158.339
17,165
79,169
98,100
79,169
177,269
Unrestricted
Funds
Reslricted Total Funds
Funds
2024
Ir•statodl
Other fundraising evonls
Sponsored cycle ride
Pedal and drive
32,004
86,797
14,125
32,004
173,595
14,125
219,724
86,798
132.926
86,798
Costs of raising funds
Un￿$trICted Total Funds
Funds
2025
Unrestricted Total Funds
Funds
2024
(restsled)
Fundrasing expenses
Publicity, newslellers and leaflets
4.165
716
4,165
716
12,398
445
12,398
445
4.881
4,881
12,843
12,843
Expenditure on charitable activltl¥s
Unreslri¢led
Funds
Restricted Totsl Funds
Funds
2025
Share ol fundraising event paid lo participating churches
Grants 8wardeLI lo churches
Support costs
131
191,325
22,145
78,854
78,985
191,325
22,145
213,601
78.854
292,455
Unreslricled
Funds
Reslri¢t$d Total Funds
Funds
2024
(rnstatod)
Share of fundraising event paid to participating churches
Grants awarded to churches
Support costs
1,563
150.600
18.482
85,348
86,911
150,600
18,482
170,645
85,348
255,993
14-

The Suffolk Historic Churches Trust
Notes to the financial statements (¢onllnuedJ
Year ended 5 April 2025
Analysis of support Costs
2025
2024
Salary
Heal and light
Rent and ralès
Insurance
Other off ice costs
DepreGialion charge
Independent 8xaminatson fee
7,930
734
1,738
936
7,393
198
3,216
7,582
392
1,738
936
5,842
198
1,794
22,145
18,482
Net Ilossesllgaln$ on Inv•stm•nts
Unrestricted Totsl Funds Unreslricled Total Fun(is
Funds
2025
Funds
2024
frnstatedj
Gainslllossesl on investmènts
152,8941
152.8941
54,699
54,699
10. Net {expend5tureifincome
Nèt lèxpenditureyincome is staled aller chargingllcreditingl..
2025
2024
(resiated)
Depreciation of langible fixed assgts
198
198
11. Staff eosts
2025
2024
Wages and salaries
7.930
7,582
The average head ¢ounl ol 8mployees during the year wa5 1 12024: 11.
No employèe receivèd employee benefits of more than £60.000 during Ihè year12024.' £Nil).
12. Trustee remuneration and •xp•ns•s
No remuneration was paid by the Trusl lo any Trustee during the year. No Trustoes received
reimbursed expenses during the year12024.. Thr6È Ttustees were reimbursed expenses in relation to
charitable actiwties of £9301.
15-

The Suffolk Historic Churches Trust
Notes to the financial statements (¢¢)nllnued)
Year ended S April 2025
13. Tangibl• Ilxed assets
Office
equipmont
Cost
At 6 April 2024 la$ r*statedl and 5 April 2025
Depreciation
Al 6 April 2024
Charge for the year
At S April 2025
Carrying amotsnt
At S April 2025
At 5 April 2024
5,191
4,814
198
5,012
179
377
14. Invèstments
Llst•d
Inv•$tm•nts
Cost or valuation
Al 6 April 2024
Additions
Fair value movemen15
892,351
152,8941
839,457
At 5 Aprll 2025
Impairrnent
At 6 April 2024 and 5 Aprll 2025
Carrying amount
At 5 April 2025
Al 5 Apnl 2024
839,457
892,351
All bnv8slm8nts shown above are hdd at Valuation.
Financial 45$0ts hold at falr valuè
Inveslrnen15 are stsled at market value on the last day of each financial year. Gains and losses on
disw)sal and revalu81ion are credited or charged lo the Statement of Financial Activitios.
15. Cr•dltors.' Amounts lalling due within ong y•ar
2025
2024
fr•slated)
Trade crÈdilors
Accrtjals and deferred income
257,785
2,496
235,121
2.310
260,281
237,431
16-

The Suffolk Historic Churches Trust
Notes to the financial statements (Collllnuodj
Year ended 5 April 2025
16. Analys1$ of eharbiable funds
Yo•r •nd•d S April 2025
Restrictgd fvnd$
Al 6 April Net incomel
2024 lexpendilurel
Gains and
Ilossesl
Al 5 April
2025
Transfers
James Mair Legacy Fund
Ride & Stride Fund
102.522
4,357
315
106.879
13151
13151
102.522
4,672
106,879
D•slgnat•d funds
Al 6 April Nel incomel
2024 lexpendilurel
Gains and
Ilos$esl
Al 5 April
2025
Transfers
Capilal Fund
Re$6rves Fund
176,755
375,000
17,000
1193,7551
1375,0001
551,755
17,000
1568,7551
Unrt$trl¢t¥d fund$
At 6 April Net incomel
2024 lexpendilurel
Gains and
Ilossesl
At 5 April
2025
Transfèrs
Income Fund
389,072
138,4511
152.8941
569,070
866,797
Year ended 5 April 2024
Restricted funds
Al 6 April Nel incomel
2023 lexpenditurel
Gains and
Ilosses
Al 5 April
2024
Transfers
James Mair Legacy Fund
Ride & Stride Fund
100,022
2,500
14,410
16,910
102.522
{14,4101
114.4101
100,022
102.522
Deslgnated funds
Al 6 April Nèl incomel
2Q23 lexpendilurel
Gains and
(Ios5esl
Al S April
2024
Transfers
Capital Fund
Reserves Fund
165,007
382.470
66,750
155,0021
176,755
375.000
17,470)
17,470
547,477
66,750
155,0021
551,755
Unrestrlcted funils
Al 6 April Nel incomèl
2023 lexpenditurel
Gains and
Ilossesl
At 5 April
2024
Transfers
Income Fund
223.444
34,047
62,169
69.412
389,072
The James Mair Legacy Fund is reslricled as inveslmonl capital, the interesl of which is lo be applied
17-

The Suffolk Historic Churches Trust
Notes to the financlal statements (contlnuod)
Year ended 5 April 2025
primarily for the fabri¢ of Ihe churches al Bacton. Wyverslone and Cotton. If the incomè in any ten
year period exceeds the aclual or foreseen expenditure then any surplus may be transferred to the
Trust's Income Fund.
The Tru51ees of SHCT were appointed as Trustees of these lunds by the will ol Mr Mair in 2001 but
the fund itself can never be the capital of SHCT. Accordingly, the Trustees are 1nvestigating whether
the funds can be dislribijled lo indep8nd8nl Irustees Ipossibly the Diocese of Sl Edmundsbury and
Ipswich) lo clarify the position.
The Ride & Stride Funrj arises Irom income received as a result of the annual Ride & Stride evenl and
is reslricled towards Ihe churches in Suffolk. As a result of a review of Teslricled funds undertaken by
the TTLislees In the current yèar it was noled that there has been an under allocation to this lund of
expenditure. The Trustees afe confident the year end funds carried foThYard in ièspe¢t ol this fund are
£Nil and a5 such, a Iransfgr has been raised in the year lo represent the coNe¢lion ol of expendilurg
allocation.
The Capital Fund was established in 2009-10. All Un￿striCted legacies which have not been
designated, sums rèceived in memoriam, donations in excess of £1.000 and Friends, life donations
afe credited lo thè Capital Fund. Al the year end, il was decided that thè Capital Fund was no longer
required and that Ihese funds were beller lo be made available to the Grants Committee.
The Reserv6 Fund is the result of specific fundraising in eadier years and il is the aim of the Trust thal
the fund should increase al the rale of inflation Èach year. The fund is available for the general
purposes ol the Trust and lor the making of grants rf lor any reason fund raising events in any
particular year did not take place. The Finance Commiltee decided al the year end th81 these funds no
longer needed to be held sep8r81oly Iiom general lunds and as such, these fun¢Js have been
Iransferred lo Ihe General Fund al S April 2025.
17. An#lysi$ of nèt assèts between funds
As al 5 April 2025
Unre51ricled
Funds
Designaled
Funds
R8slricted Total Funds
Funds
2025
Tangible Fixed Assets
Investmenis
Nel currenl assets
179
839.457
12.436
179
839,457
129,683
117.247
Nel Assets
852,072
117.247
969,319
As al 5 April 2024
un￿strICted
Funds
Dèsignated
Funds
Reslricled Tolal Funds
Funds
2024
Tangible Fixed Assets
Invèslmènls
Nel current assets
3n
517,351
1143,0661
377
892,351
150,621
375.000
176.755
116,932
Net As$•t$
374,662
551.755
116.932
1,043.349
18-

The Suffolk Historic Churches Trust
Notes to the financial statements (¢onllnuodJ
Year ended 5 April 2025
18. Flnan¢lal Instrumènts
2025
2024
The carrying amount ol financial
instruments al 5 April 2025 were=
Financial assets measured al fair value..
Investments
839,457
892,351
19. R•lat•d partles
There have been no related paty transactions in this or the previous reporting year.
19-