Company Number: 01876294
Registered Charity number: 516158
West Mldlands Hlstoric Bulldlngs Trust
Report of the Trustees and
Unaudlted Flnanclal Statements
Year ended 31 March 2024
Muras Baker Jones Limited
Chartered Accountants
Regent House
Bath Avenue
Wolverhampton
West Midlands
WVI 4EG

West Midlands Historic Bulldings Trust
Contents of the financial statements for the year ended 31 March 2024
Page
Offi￿rS, professional advisers and administrative information
Report of the Trustees
Independent Examiners, Report
Statement of financial activities
Statement of financial position
Notes to the financial statements
11

West Midlands Historic Buildings Trust
Officersi professlonal advisers and admlnlstrative information
Charlty Reglstration number:
516158
Company Reglstration number:
01876294
Reglstered Office:
WMHBT
8 Pendeford Place
Pendeford Business Park
Wolverhampton
WV9 5HD
Trustees:
N Hogben
P Arnold
Ms J Pilkington
S Mason
H Andrews
P Andrews
P Adams
Ms S Whitehouse
Ms K Andrew
R Greenhill
L Hobbs
A C Foster
E G Barron
N Crombie
S Reader
I Wilson
R A Sellers
I D Tomkins
F Keith-Lucas
(appointed 24 May 2023)
(appointed 19 lune 2023)
(appointed 30 October 2023)
Company secretary:
R A Sellers
Independent Examiner
Muras Baker Jones Limited
Regent House
Bath Avenue
Wolverhampton
WVI 4EG

West Midlands Historic Buildings Trust
REPORT OF THE TRUSTEES
For the year ended 31st March 2024
STRucfuRE. GOVERNANCE AND MANAGEMENT
The organisation is a company limited by guarantee and a registered charity.
The company was established under a Memorandum of Association, which established the objects and
powers of the charitable company and is governed under its Articles of Association. The company was
incorporated on 10th January 1985. In the event of the company being wound up, members are
required to contribute an amount not exceeding £1 (one pound).
The Trust was registered as a charity on 28th February 1985.
Recruitment and appointment of the Board of Trustees and induction and training.
The directors of the company are also charity trustees for the purposes of charity law. Under the
requirements of the Memorandum and Articles of Association, directors are elected to serve for a
period of three years after which they may Stand for re-election at the next Annual General Meeting.
In the past trustee recruitment depended upon people being recommended to the Board and invited to
join. Whilst this worked well in the past it has been challenging in more recent years to recruit new
trustees. The method of trustee recruitment has been reviewed under the new Resilience and
Engagement project (see below) which commenced in February 2022. This has explored new and more
up-to-date approaches to advertising, recruitment and effective promotion of the Twst and
successfully resulted in the recruitment of three new trustees to enhance the skills composition of
Board membership. However, it is recognised that more work needs to be done on increasing the
diversity of Board membershrp.
Risk Management
The trustee Board has a duty to identify and review the major risks to which the charity is exposed and
ensure systems are in place to mitigate these risks. Established risk assessment and monitoring
procedures have been reviewed and progress continues to be made on the development and ongoing
update of risks.
The trustees also oversee the consideration of business and operational risks on a project-by-project
basis with regular reports being produced to ensure that the necessary steps can be taken to mitigate
and manage these risks.
Oryanlsatlonal Structure
The West Midlands Historic Buildings Trust is managed by an independent Board of trustee directors, at
present nineteen members, with a wide range of specialist and professional interests. Trustees meet
six times per year.
The Board establishes formal sub committees, task and finish groups and project specific steering
groups to oversee particular functions and plans including management of specific buildings projects.
DTS Solutions Ltd provide Project Director and advisory serrfices to the Board of Trustees. The Trust
has a pool of Project Organisers on whom it can call for consultancy serrfices when potential projects
are identified. Frameworks for the services of Design Teams for projects are under development. In
collaboration with The City of Wolverhampton Regenerating Buildings Preservation Trust and The
Worcestershire Building Preser•4ation Trust grant aid is in place until to support joint staff posts to
assist with the identlfication and development of potential project buildings, to raise the profile of the
organisation including enhanced community engagement and the administrative support required to
ensure effective day to day management of the organisation.
The Registered Office of the Trust is now located at the premises of TAG Accountants Group (fomierly
Copia Wealth and Tax Ltd), Wolvertiampton, who also provide bookkeeping services to the Trust.
OBJEcfIvES AND AcfIviTIES
Objectives
The objects of the Trust are to preserve for the benefit of the inhabitants of the County of West
Midlands and the nation at large, whatever of the English historical, architectural and constructional
heritage may exist in or around the said county in the form of buildings (including those defined as
'Statutorily Listed, under the current relevant legislation) of particular beauty or historical, architectural
or constructional interest.

West Midlands Historic Buildings Trust
REPORT OF THE TRUSTEES
For the year ended 31st March 2024
The Trust is interested in buildings which are neglerted, decaying or at risk of demolition, especially
where efforts to secure a commercial solution have not been found. The focus is on statutorily listed
buildings and heritsge assets within designated conservation areas although consideration will be given
to all buildings of architectural or historical merit.
Public beneflt
In setting the Trust's objectives, the Trustees have given careful consideration to the Charity
Commission general guidance on public benefit. All projects seek to engage with local communities and
seek solutions for reuse of buildings at risk that will be of public benefit.
Activitles
In accordance with the powers, we have, in promoting the objects:
Maintained contart with local authority conserdation officers, Historic England, the West
Midlands Combined Authority and other relevant organisations to promote our objerts and seek
data on heritage at risk across our area of interest.
Responded to requests for assistance and advice on buildings at risk and researched several
potential candidates for projects brought to our attention.
Sought to safeguard the long-term viability of the organisation by collaborating with The
Worcestershire Building Preservatlon Trust and The City of Wolvertlampton Regenerating
Buildings Preserrfation Trust with whom work on a joint Business Plan had progressed well and
proposals for closer working, including establishment of a new CIO to provide supporting
business infrastructure in the longer term.
Enhanced our presence on social media to improve communication and engagement with local
communities.
Sustained our membership numbers and organised a series informative talks (both live and
virtual) on buildings conservation topics, organlsed site visits to restoration projects, hosted a
specialist conference and issued a quarterly newsletter.
ACHIEVEMENTS AND PERFORMANCE
Thomas Roblnson Bulldings and Lodge (Lye and Wollescote Cemetery Chapels), Dudley
The Trust retains ownership and the buildings continue to generate a regular income stream to meet
loan repayments (the mortgage now having been tranSfer￿d to partner trust, City of Wolverhampton
Regenerating Buildings Preserrfation Trust), build funds to support long-term maintenance plans and
the continued repairs and improvements to the Lodge (in residential use) in the context of improving
the energy performance rating for the house and its residents.
St Mlchael's Place (Master's House and St Michael's Chapel), Warwlck
This slte contaSns two (15th 116th century) grade II* listed buildings at risk on the site of a medieval
leper hospital (scheduled ancient monument) and has featured in every editlon of the Historic England
Heritage at Risk Register. The Trust completed a Viability Appraisal of the site in 2018 and has
continued to work closely with partners, including Warwick District Council and Historic England, to
rescue and provide a secure future for these listed buildings. The proposals involve converting the
Master's House (to a two-bedroom house) and St Michael's Chapel (to a one-bedroom house)
supplemented by new-build (8 one-bedroom apartments) by an affordable housing provider.
The Project Steering Group, made up of trustees and other project partners has continued to meet on
a monthly basis throughout the year.
Budget costs of the scheme have risen since planning approval was granted in Ottober 2021, the
project being paused upon reaching statutory consents stage until ownershÉp was transferred to
Warwick District Council. Funding has since been secured from Warwick District Council, the
Architertural Heritage Fund, Historic England and the National Lottery Heritage Fund for development
and delivery of the scheme.

West Midlands Historlc Buildlngs Trust
REPORT OF THE TRUSTEES
For the year ended 31st March 2024
Necessary ecological surveys and archaeological advance works have been completed including
evaluation of service routes to the site through the scheduled area. Outstanding legal matters have
been resolved. The appointment of a Heritage Engagement Coordinator for the project has been
undertaken as a requirement of the NLHF grant requiring an enhanced level of community engagement
throughout the project. Final design work for the new-build apartments and the Master's House
building is in progress, which is required for a round two grant application to NLHF, aiming for
submission during 2024-25. Provided that application is successful, works on the delivery stage of the
project should commence during 2025-26.
Buildings at Risk
The Trust has continued in its efforts to identify a conservation / regeneration projert within the West
Midlands County. Several possible projects have been identified within Birmingham and the Black
Country with follow up site visits and discussions with partners. The Trust is also seeking to recruit
volunteers to assist with the identification of buildings at risk using a Buildings at Risk phone based
App (see below).
Worklng wlth Partner Trusts
The collaboration with The City of Wolverhampton Regenerating Buildings Trust and The
Worcestershire Building Preservation Trust (together the Three Trusts) to mutually support common
activities has continued to work well during the past year. Sharing staff and other resources with
neighbouring Trusts will secure a transformative change in coming years supported by the adoption of
the joint Business Plan nearing completion.
in
In late 2020 a grant was awarded by Historic England enabling the 3 trusts to move towards employing
two members of staff: a Heritage Development Officer (HDO) and a part time Heritage Development
Support Officer (HDSO), and to establish a shared office (currently based in Worcester one day per
week) with employees also working from home untll a permanent office can be establlshed. Following a
competitive recruitment process two staff started In post on 1st May 2021 wlth contracts ending mid-
2024. Staff changes have occurred this year necessitating the recruitment of a replacement HDO on
short-term contract. Recruitment for a replacement for the HDSO vacancy failed to identtfy a suitable
applicant and it was resolved to amend this role to a more general Administrative Manager position
and, if necessary, to use 3 Trusts own funds when the Historic England grant eXpl￿S in 2024 to enable
this to be advertised as a permanent post. This proved to be successful, and the new post is now
established and providing stability for the evolving administrative demands of the 3 Trusts.
Further funding is being sought to support extending these posts in accordance with the aspirations of
the emerging Business Plan. Match-fundsng from the 3 Trusts may be required, continuing the
arrangement with the current Historic England capacity-building grant. A Project Steering Group meets
regularly to oversee delivery of the Historic England funded project with delegated authority to make
decisions within the projert scope and budget. A Human Resources sub-committee of trustees has also
been established to oversee matters relating to staff employment with the support of a human
resources consultant.
A key outcome for the Capacity Building Project is the establlshment of a Buildings at Risk Register for
the a￿a covered by the three trusts and that this should allow for public engagement with the process.
Progress on the 'Buildings at Risk. App (launched in 2022) has been consolidated during the year
including securing additional funding towards the costs of developing a business plan for the BaR App
to enable sharing of the platform with other Building Preservation Trusts. A portion of this grant has
been used to provide a short-term student placement to cover enhancement of specific aspects of the
project to further efforts to engage wider communities in the identification of heritage at risk across
the region.

West Midlands Historic Buildings Trust
REPORT OF THE TRUSTEES
For the year ended 31st March 2024
The Strategic Plan 2021-2025, adopted by Trustees included a resolution to pursue further funding
applications to progress work on business planning and audience development. A successful application
to the National Lottery Heritage Fund awarded grant aid up to £82,542 with approval to start in late
January 2022. The Project Steering Group meeting on a monthly basis appointed Bearwood Associates
Ltd, following a competitive tendering process, to manage the Resilience & Engagement Project.
Further consuftancy positions of business planner and evaluation consultants were procured. The
project aims are to produ￿ an Audience Development Plan; develop a Business Plan to identify new
income streams and business models. strengthen Organisational Resllience by recruiting new trustees
and volunteers and to understsnd the environmental impart of projects and activities including and
how to achieve carbon zero in the future. Significant progress has been achieved this year although
there have also been setbacks.
The Business Plannlng process commenced in summer 2022 has been an incremental process over the
past two years as circumstances have been changing and access to grant aid to deliver aspirations has
been uncertain. The proposed changes in the business plan will be delivered through a long-term
transition whereby it is proposed to estsblish a new Charitable Incorporated Organisation (CIO) which
will effettively take on the role currently supported by the West Midlands Historic Buildings Trust, as
lead Trust of the three partners, in terms of administrative support, employment of staff, general fund
raising, publicity, marketing and branding including member supporter services. Legal advice on this
way forward has progressed this year with a view to adopting the new 'umbrella' CIO during 2024-25.
The role of trustees is unlikely to change greatly until a more estsblished senior stsff team is in place
and able to take the organisation forward with strategic backing from the Councils of Management of
the 3 partner Trusts. It is intended that all trustees will be invited initially to sit on the board of the
delivery organisation / CIO 'West Midlands Heritsge,
This way fOr￿ard will release West Midlands Historic Buildings Trust from its current sometimes
onerous responsibillties to enable concentration on projects delivery in future years. The Business Plan
is recognised to be aspirational, but this level of ambition is warranted and should also hopefully
appeal to funders. FundÉng applications wlll be made to support the cost of transition as opportunities
arise.
FINANCIAL REVIEW AND PLAt4S FOR FUTURE PERIODS
The focus for the coming 12 months is to:
Continue to develop a comprehensive Buildings at Risk register for the West Midlands County
and surrounding districts involving local communities and working with partners in local
authorities, Historic England, the West Midlands Combined Authority and other relevant
stakeholders.
Adopt the joint Business Plan, including Fund Raising Strategy, develop a Marketing Strategy
and complete an Audience Development Plan.
Conclude the creation of the new West Mbdlands Heritage CIO and transfer stsffing and other
joint responsibilities to the new Trust.
Follow up research with a view to identifying potential future projects, make funding
applications and securing working partnerships to seek solutions for historic buildings at risk.
Build capacity to offer consultancrf ser•4ices to assist others struggling to save and conserve
buildings at risk where dirett trust intervention is not appropriate.

West Mldlands Historic Buildings Trust
REPORT OF THE TRUSTEES
For the year ended 31st March 2024
Commence the delivery phase of the St Michael's Place (Masters House and St Michael's Chapel)
project
Continue working towards adoption of the Charity Govemance Code.
The financial position of the Trust is set out in detail in this Finanaal Statement.
Reserves Policy
It is the policy of the Board to maintain a level of reserves sufficient to ensure the continued operation
of Trust activities including ongoing rna1ntenan￿ of property owned by the Trust, for which a restricted
fund has been established, and sustaining the future employment of core staff.
Responslblllties of the Management Commlttee
Company law reqUI￿S the trustees to prepare Financial Statements for each financial year which give a
true and fair view of the charitsble company as at the Balance Sheet date and of its income resources
and application of resources, including income and expenditure for the financial year. In p￿parIng
those financial Statements, the trustees should follow best practice and:
selert suitable Account policies and apply them consistently.
make judgements and estimates that are reasonable and prudent. and
prepare Financial Statements on the going concem basis unless it is inappropriate to assume that
the company will continue on that basis.
The trustees (who are also directors of the charity for the purposes of company law) are responsible
for preparing the Trustees Report and the Financial Statements in accordance with applicable law and
UK Accounting Standards.
The trustees are responsible for maintaining proper Accounting records which disclose with reasonable
accuracy at any time the financial position of the charitable company and to ensure that the Flnancial
Ststements comply with the Companies Act 2006. The trustees are also responsible for safeguarding
the assets of the charitable company and hence for taking reasonable steps for the p￿ventIOn and
detection of fraud and other irregularities.
Members of the Management Commlttee
The members and directors who are also trustees for the purpose of charity law, and served during the
year, and up to the date of this report, are set out on page l.
This report has been prepared in accordan￿ with the Statement of Recommended Practbce
Accounting Reporting by Charlties (issued in 2015) and in accordance with the provisions applicable to
companies subject to the small companies, regime.
SIGNED ON BEHALF OF THE BOARD BY:
Position: l•tyJ {. 'K If"

Independent Examinerfs Report to the Trustees of West Midlands Historic Buildings Trust
I report to the charity trustees on my examination of the accounts of the company for the year ended
31 March 2024 which are set out on pages 8 to 19.
Responsibllltles and basls of report
As the charity trustees of the company (and also its directors for the purposes of company law) you
are responsible for the preparation of the accounts in accordance with the requirements of the
Companies Act 2006 ('the 2006 Act?.
Having satisfied myself that the accounts of the company are not required to be audited under Part 16
of the 2006 Act and are eligible for Independent examination, I report in respect of my examination of
your company's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,).
In carrying out my examination I have followed the Direttlons given by the Charity Commission under
section 145(5)(b) of the 2011 Act.
Independent examiner's ststement
I have completed my examination. I confirm that no matters have come to my attention in connection
with the examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the company as required by section 386 of the
2006 Act; or
the accounts do not accord with those records. or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Att other
than any ￿qUirement that the accounts gtve a 'true and fair view, which is not a matter considered
as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charitles applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in
the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
Oliver Ross Bsc (Hons) FCA
Independent Examiner
Regent House
Bath Avenue
Wolverhampton
WVI 4EG
Date:

West Midlands Historic Buildings Trust
Statement of financial activities
For the year ended 31 March 2024
2024
2024
Unrestrfcted Restrlrted
Funds
Funds
2024
Total
funds
2023
Total
Funds
Notes
INCOME AND ENDOWMENTS
FROM
Donations and legacies
Investment income
Other trading activities
2,442
6,439
1,712
214,490
37,322
216,932
43,761
1,712
110,746
31,613
2,867
10,593
251,812
262,405
145,226
EXPENDrruRE ON
Raislng funds
Charitable attivities
4,712
198,971
4,712
234,055
24,066
143,770
35,084
35,084
203,683
238,767
167,836
NET INCOME/EXPENDITURE
(24,491)
48,129
23,638
(22,610)
REVALUATION
5,000
TRANSFERS
16
24,719
(24,719)
RECONCILXATION OF FUNDS
Total funds brought forward
26,825
438,205
465,030
482,640
TOTAL
FORWARD
FUNDS
CARRIED
14
27,053
461,615
488,668
465,030
The Statement of Financial Activities includes all gains and losses in the year
All income and expenditure has arisen from continuing activities.

West Midlands Historic Buildings Trust
Statement of Financial Position
For the year ended 31 March 2024
2024
Total
funds
2023
Total
Funds
Notes
FIXED ASSETS
Investments
11
470,000
470,000
CURRENT ASSETS
Debtors
Cash at bank
12
27,979
460,853
90,553
67,042
488,832
157,595
CREDrroRS
Amounts falling due within
one year
13
(431,057)
(116,103)
NEf CURRENT
LIABILrrIES
57,775
41,492
TOTAL ASSETS LESS
CURRENT LIABIUTIES
527,775
511,492
CREDITORS
Amounts falling due after
one year
14
15
(39,107)
(46,462)
NET ASSETS
488,668
465,030
FUNDS
Unrestricted funds
Restricted
16
16
27,053
461,615
26,825
438,205
TOTAL FUNDS
488,668
465,030

West Mldlands Historic Buildin9s Trust
statement of Financial Position
For the year ended 31 March 2024
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act
2006 for the year ended 31 March 2024.
The members have not required the charitable company to obtain an audit of its finanaal statements
for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for:
Ensuring that the charitable company keeps accounting records that comply with Sertions 386
and 387 of the Companies Act 2006 and
Preparing financial statements which give a true and fair view of the stste of affairs of the
charitable company as at the end of each financial year and of its surplus or deficit for each
financial year in accordance with the requirements of Sertions 394 and 395 and which otherwise
comply with the requirements of the Companies Art 2006 relating to financlal statements, so far
as applicable to the charitable company.
b)
These Financial Statements have been prepared in accordance with the provisions applicable to
companies subject to the small companies, regime and in accordance with FRS 102 'The Financial
Reporting Standard applicable in the UK and Republic of Ireland,.
These financial statements were approved by the Board of Trustees on5 .IGL.tr and were
signed on its behalf by:
QJJL
Trustee
Company Number: 01876294
10

West Midlands Historic Bulldings Trust
Notes to the financlal statements
For the year ended 31 March 2024
GENERAL INFORMATION
The charity is a public benefit entity and a private company limlted by guarantee, registered in
England and Wales and a registered charity in England and Wales. The address of the registered
office is 8 Pendeford Place, Pendeford Business Park, Wolverhampton, WV9 5HD.
STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities
SORP (FRS 102)) and the Companies Act 2006.
ACCOUNTING POUCIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities measured at fair value through income or
expenditure.
The financial statements are prepared in sterling, which is the fvnctional currency of the entity.
Going concern
The accounts have been prepared on a going concem basis as there are no material
uncertainties about the charity's ability to continue in operation existence for the foreseeable
future.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements,
estimates and assumptions that affect the amounts reported. These estimates and judgements
a￿ continually reviewed and a￿ based on experience and other factors, including expectations
of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project
or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or
through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or
endowment funds.
Further explanation of the nature and purpose of each fund is included in the notes to the
financial statements.
11

West Midlands Historic Bulldings Trust
Notes to the finan¢lal statements
For the year ended 31 March 2024
Income
All incoming resources are included in the statement of financial artivities when entitlement has
passed to the charity; it is probable that the economic benefits associated with the transattion
will flow to the charity and the amount can be reliably measured. The following specific policies
are applied to particular categories of income:
income from donations or grants is recognised when there is evidence of entitlement to
the gift, receipt is probable and its amount can be measured reliably.
Investment income is included when receivable.
Expendlture
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes
any VAT which cannot be fully ￿Covered, and is classified under headings of the statement of
financial activities to which ft relates:
expenditure on charitable artivities includes all costs incurred by a charity in undertaking
attivities that further its charitable aims for the benefit of its benefiaaries, including
those support costs and costs relating to the governance of the charity apportioned to
charitable activities.
other expenditure includes all expenditure that is neither related to raising funds for the
charity nor part of its expenditure on charitable artivities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable to a single artivity are allocated directly to that activity. Shared costs are
apportioned between the activities they contribute to on a reasonable, justiflable and consistent
basis.
Investment property
Investment propety is initially recorded at cost, which includes purchase price and any directly
attributable expenditure.
Investment property is revalued to its fair value at each reporting date and any changes in fair
value are recognised in income or expenditure.
If a reliable measure of fair value is no longer available without undue cost or effort for an item
of investment property, it shall be transferred to tangible assets and treated as such until it is
expected that fair value will be reliably measurable on an on-going basis.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Where the carrying value eX￿edS the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable
amount of an individual asset, an estimate is made of the recoverable amount of the cash-
generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable
group of assets that includes the asset and generates cash inflows that largely independent of
the cash inflows from other assets or groups of assets.
Taxation
The charity is exempt from corporation tsx on its charitable activities.
12

West Midlands Historic Buildings Trust
Notes to the financial statements (Continued)
For the year ended 31 March 2024
DONATIONS AND LEGACIES
Unrestrlcted
Funds
Restrlrted
Funds
Total
2024
Total
2023
Grants received from:
National Lottery Heritage Fund
Warwick District Council
Dudley Council
Historic England
Other Donations
39,633
91,928
39,633
91,928
2,400
82,930
42
29,871
19,886
2,400
82,930
60,782
207
42
2,442
214,491
216,933
110,746
INVESTMENT INCOME
Unrestrlcted Restrlcted
Funds
Funds
Total
2024
Total
2023
Rental income
Bank interest received
37,322
37,322
6,439
30,914
699
6,439
6,439
37,322
43,761
28,154
RAISING FUNDS
Unrestricted Restricted
Funds
Funds
2024
2023
Rent collection, property repairs
and maintenance charges
4,712
4,712
24,066
4,712
4,712
3,698
13

West Midlands Historic Buildings Trust
Notes to the financial ststements (Continued)
For the year ended 31 March 2024
CHARITABLE AcfivITIES
Unrestricted Restrirted
Funds
Funds
2024
2023
Accounting fees
Advertising and promotions
Bank charges
Office & IT equipment
Staff costs
Event Costs
Room hire and meetings
Professional fees
Building works
Subscriptions
Pri nting, postage and stationery
Telephone
Travel expenditure
Insurances
Interest on loan
Sundries
Rent
5,621
394
60
297
1,735
1,379
350
22,449
248
328
5,869
722
60
1,888
33,431
3,241
395
155,148
23,850
500
889
85
148
1,620
2,484
1,815
1,910
4,037
360
74
1,284
50,762
4,965
838
70,768
1,591
31,696
1,862
45
132,699
23,850
500
274
250
769
87
752
2,649
3,081
270
2,824
615
78
137
11
1,620
2,484
1,506
1,832
309
78
35,084
198,971
234,055
143,770
NET INCOME/(EXPENDITURE)
2024
2023
Net income/(expenditure) is stated after charging:
Accountants fees for independent examination of the
accounts
1,300
1,200
STAFF cosrs
The total staff costs and employee benefits for the reporting period are analysed as follows:
2024
2023
Wages and salaries
Employer contributions to pension plans
32,594
837
49,284
1,478
33,431
50,762
14

West Midlands Historic Buildings Trust
Notes to the financial statements (ContSnued)
For the year ended 31 March 2024
9. STAFF COSTS (continued)
The above staff costs include restritted costs which relate to two stsff members who costs are
charged 800/0 to the Capacity Building Projert. This is a joint project with The Worcestershire
Buildings Trust and The City of Wolverhampton Regenerating Buildings Preservation Trust hen
the remaining 20% of staff costs are split equally between the three trusts (6.67 % each) and
recharged accordingly from West Midlands Historic Buildings Trust who run the payroll. These costs
are included in unrestricted expenditure.
10. TRUSTEES. REMUNERATION AND EXPENSES
There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor
for the year ended 31 March 2023.
Trustees, expenses
There were no expenses reimbursed durlng the year ended 31 March 2024 nor for the year ended
31 March 2023.
11. FIXED ASSETS
Investment
Properties
Tota I
COST
At l April 2023 and
31 March 2024
470,000
470,000
DEPRECIATION AND XMPAIRMENTS
At l April 2023
Charge for the year
At 31 March 2024
NET BOOK VALUE
At 31 March 2024
470,000
470,000
At 31 March 2023
470,000
470,000
Investment property comprises of land and buildings. The investment properties were valued on
29 March 2023 by external qualified valuers. It should be noted there is an underlying change in
the basis of the valuation. Previous valuations, assumed planning permission was approved on
an undeveloped piece of land whereas the latest valuation assumed no planning permission was
included. The board of Trustees consider the valuations to be a fair reflection of the market
value of the properties as at 31 March 2024 and have included these amounts in the financial
statements accordingly.
15

West Midlands Historic Buildings Trust
Notes to the financial statements (Contlnued)
For the year ended 31 March 2024
12.
DEBTORS
2024
2023
Debtors
VAT
Prepayments & accrued income
10,274
16,982
723
80,793
7,867
1,893
27,979
90,553
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024
2023
Other loans (see note 15)
Trade creditors
Accruals & deferred income
Social security & other taxation
Other creditors
7,333
45,777
376,841
764
342
6,998
39,084
69,360
401
260
431,057
116,103
Since April 2021, a cumulative total of £875,944 of funding has been received towards the artivities of
the Heritage Emergency Capacity Building, Resilience & Engagement, Heritage Compass and St
Michael's Place projects. By the end of the financial year cumulative expenditure of £519,646 had been
incurred on projett activities. The remaining £356,298 is reserved for future development artbvlties
and is included in deferred income above.
14. CREDITORS: AMOUNTS FALLING DUE AFfER ONE YEAR
2024
2023
Other loans (see note 15)
39,107
46,462
16

West Midlands Historic Buildings Trust
Notes to the financial statements (Continued)
For the year ended 31 March 2024
15.
LOANS
Included in the above amounts due after one year are the
following:
2024
2023
Amounts repayable by instalments but not wholly repayable
within five years:
Repayable within one year
Repayable within one to two years
Repayable within two to five years
Repayable after five years
7,333
7,733
25,654
5,720
6,998
7,356
24,405
14,699
46,440
53,460
On 8th August 2022, The City of Wolvertiampton Regeneratlng Buildings p￿serVation Trust, took
over the mortgage and loaned an amount to West Midlands Historic Buildings Trust,
16. MOVEMENT IN FUNDS
Incoming
Resources
Outgolng
Resources At 31.3.24
At 1.4.23 Transfers
Unrestrlcted funds
General fund
26,825
24,719
10,593
(35,084)
27,053
Restricted funds
Lye & Wollescote
Himley Hall
St Michael's Chapel
The
Masterfs
House
Heritage Emergency
Fund
Historic England /
Capacity Building
Resilience
Engagement
Heritage Compass
422,350
4,294
11,479
37,322
(7,896)
451,776
(4,294)
(19,833)
110,597
(90,776)
11,467
82
(82)
64,260
(64,260)
(510)
39,335
(40,453)
(1,628)
298
(298)
Total Restricted
Funds
438,205
(24,719)
251,812
(203,683)
461,615
TOTAL FUNDS
465,030
262,405
(238,767)
488,668
17

West Midlands Historic Buildings Trust
Notes to the financial ststements (Continued)
For the year ended 31 March 2024
16. MOVEMENTS IN FUNDS (continued)
Details of restricted funds are provided below.
Thomas Roblnson Buildings and Lodge (Lye and Wollescote Cemetery Chapels)
Funding was received to renovate the Thomas Robinson buildings, known as the Lye and
Wollescote Chapel Buildings. Upon completion of the work suitable tenants were identified and
the Trust collects the rent and ser•4ice charges. Under the terms of the grant the income is
applied for the purpose of the buildings.
Within this restricted fund the Trustees designated three lines of funds for specific purposes.
These being two separate sinking funds for future repairs at The Lodge (£8,140) and the Thomas
Roblnson Building (£21,569).
Hlmley Hall Walled Garden and East Yard, South Staffordshlre
Funding was provided to carry out a feasibility study to establish the viability of this projert. The
final artivities in the project were completed in August 2020 so the balance on the project has
been transferred to Unrestricted Funds to close the account.
St Michael's Chapel and the Masterfs House, Warwick
Following-on from a viability appraisal, funding was obtained for detsiled design work and
procuring tenders for an innovative proposed scheme to create a sustainable new affordable
housing use of two (15th 116th century) grade Il* Ilsted buildlngs at risk on the site of a medieval
leper hospital (a scheduled ancient monument). Funding was also obtained for archaeological
ground investigation work to inform the detailed designs
Heritage Emergency Fund
This is a package of support for the heritage sector made available by the National Lottery
Heritage Fund as a response to the coronavirus (COVID-19) crisis. Funding was provided to cover
digital capability enhancement, website development and the completion of a strategic plan for
2021 2025. The final activities in this project were completed in 2021 so the balance of the
project has been transferred to Unrestricted Funds to close the account.
Historlc England / Capacity Buildlng
The project is designed to support the expansion of WMHBT by expanding the Trust's capacity to
implement research on Buildings at Risk, identify potential projects for future activity and follow
up on a Strategic Plan. In addition to these activities the project provides support for the
employment of two staff members.
Resilience & Engagement
This is a package of funding in support of further development of the Trust, including Business
Planning, additional Audience Development work (in conjunction with the Heritage Compass
programme below) and independent evaluation of the Trust's work. At the end of the year the
project was overspent by £1,628 however additional funds for the project are due in 2024/2025
to cover final expenditures and close the project.
18

West Midlands Historic Buildings Trust
Notes to the financial statements (Continued)
For the year ended 31 March 2024
16. MOVEMENT IN FUNDS (continued)
Heritage Compass
This programme supports additional training for a stsff member who is also involved in the
creation of an Audience Development plan to expand the understandlng of the Trust throughout
the West Midlands. The final activities in the project were completed in December so the balance
on the project has been transferred to Unrestricted Funds to close the account.
17. ANALYSIS OF NET ASSEfs BETWEEN FUNDS
Tanglble Net current
Flxed Assets/
Assets (Llabilltles)
Long
Term
Llabllltles
Total
2024
Total
2023
Unrestricted funds
Restricted funds
26,971
30,804
26,971
461,697
25,058
439,972
470,000
(39,107)
TOTAL FUNDS
470,000
57,775
(39,107)
488,668
465,030
18. RELATED PARTY DISCLOSURES
There were no related party transattions for the year ended 31 March 2024 nor for the year
ended 31 March 2023.
19. LEGAL STATUS OF TRUST
The West Midlands Historic Buildings Trust is a company limited by guarantee. In the event of
winding up or dissolution of the company, members. liability under the Memorandum of
Association is limited to £1 each. At 31 March 2024 there were 65 Members.
19