OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← The Parochial Church Council Of The Ecclesiastical Parish Of Heigham, Norwich

2023-12-31-accounts

Holy Trinity Church, Heigham, Norwich

Annual Report

of the

Parochial Church Council

for the year ended 31st December 2023

Contents
Annual Report of the Parochial Church Council for 2023
2
PCC Membership
2
Electoral Roll
3
Average Sunday attendance
3
Public Beneft Aims of the PCC
3
Review of Progress and Achievements
4
Progress towards our vision
4
Our staf
5
Finance
6
Other matters
6
Vision for 2024
6
Communication
7
Finance Review
7
Income in 2023
7
Expenditure in 2023
8
Funds and Reserves
9
Outlook for 2024 and beyond
10
Risk
10
Safeguarding – Child Protection and Vulnerable Adults
10
Financial
11
Legislative
11
Reputational
11
Bankers and Accountants
11
Fabric Report for 2023
12
Safeguarding Report for 2023
13
Norwich South Deanery Synod Report for 2023
14
APCM 2023
15
Minutes of the Annual Vestry Meeting and Annual
Parochial Church Meetingheld on Sunday21stMay2023
15

The Financial Statements of the Parochial Church Council for 2023 appear in a separate document. They may be downloaded from our website or ask at the Church Office for a copy.

1

HOLY TRINITY CHURCH

HEIGHAM, NORWICH

110A Trinity Street, Norwich NR2 2BJ

Annual Report of the Parochial Church Council for 2023

PCC Membership

Members of the PCC are either ex officio, elected by the Annual Parochial Church Meeting (APCM) or co-opted by the PCC to fill vacancies in accordance with the provision of the Constitution of the church. During the year the following served as members of the PCC:

Ex Officio: Revd Dr Richard James Rector Revd Alastair Gledhill Curate (licensed July 2023) Officers: Mr Dave Appleton Treasurer to APCM 2023 Mr Dwayne Royall Treasurer from APCM 2023 Mrs Louise Cumberland Secretary to APCM 2023 Mrs Gill Hulme Secretary from APCM 2023

Elected: Mr Paul Henery Churchwarden Elected APCM 2023 Mr Phil Courtier Churchwarden Elected APCM 2023 Mr Jonathan Mason Lay Reader Elected November 2021 Miss Margie Jowett (Re-)elected at APCM 2023 Mr Noah Marsh Elected at APCM 2023 Mr Matt Stevenson Elected at APCM 2023 Mrs Nicky Russell Elected at APCM 2022 Miss Alex Hillman Elected at APCM 2022 Mrs Caroline Verdon-Smith Elected at APCM 2022 Mr Tom Gray Elected at APCM 2021 Dr Tony Smith Elected at APCM 2021 Mrs Barbara Drake Re-elected APCM 2021, resigned APCM 2023 Ms Rosamund O’Donnell Deanery Synod to APCM 2023 Mr Jason Wilson Deanery Synod – re-elected at APCM 2023 Mr Peter Bussey Deanery Synod – elected July 2023

Electoral Roll

Membership at APCM May 2023: 231.

2

This represented a number of new members since APCM 2022. Mainly owing to Holy Trinity sending around 20 adult members on the Costessey church graft in September 2022, there was nonetheless a net decrease of 7 since May 2022. The Roll will be re-created from scratch again in 2025.

Average Sunday Attendance

Service Average attendance
in October 2023
(adults)		 Usual Sunday
attendance over 2023
(adults)		 Average attendance
in October 2022
(adults)
10.00 am 183* 185* 166*
6.30 pm 80 82 74

*counts adjusted to include estimated 10 children’s/youth leaders omitted from

the actual weekly counts

The above figures include under 16s.

Public Benefit Aims of the PCC

The PCC (Powers) Measures 1956 states that the aims of the PCC ‘shall include cooperation with the clergy in promoting in the parish the whole mission of the church, pastoral, evangelistic, social and ecumenical’. Our mission as a church is to enable as many as possible to be drawn into the community of the parish church as worshippers of the Lord Jesus Christ. Our cooperation in this endeavour can be summarised in two objectives:

At the beginning of 2023 the PCC reviewed and affirmed our vision to “Refresh our Welcome”, “Raise and Resource Discipleship” and “Reach our community and city with the good news of Christ”.

Review of progress and achievements

Progress towards our vision

Our vision is to obey the great commission to “go and make disciples” in the setting in which God has placed us (Matthew 28:18-20). To that end we aim to reinforce our welcome, raise disciples and reach our community, city and world.

During the year 2023 the PCC has:

3

4

Our staff

During the year the PCC has:

Finance

During the year the PCC:

5

Other matters

During the year the PCC has:

Vision for 2024

We aim to know Christ and make Him known to our community and city. To that end we continue to focus upon three priorities with a small number of key goals within each:

REINFORCE OUR WELCOME

RAISE AND RESOURCE DISCIPLES

REACH OUR COMMUNITY, CITY AND WORLD

6

Communication

During the year the PCC has sought to communicate our work to the wider church. This can be by speaking to the congregation at services or by regular reports via our weekly church email newsletter. Approved minutes are available to view in our church building.

PCC is thankful for our Secretary Gill Hulme and our Treasurer Dwayne Royall for all the work they do to make much of the above possible. Also for Phil Courtier (Churchwarden and Vice Chair of PCC) and Paul Henery (Churchwarden) collaborating with Richard in the leadership of the church, support of staff, and stewardship of our resources.

Financial Review

The PCC is a charity and has been registered with the Charity Commission since 2009. This is in compliance with the Charities Act 2011, which specifies that a PCC with an annual income in excess of £100,000 must register. Our charity number is 1132477.

Volunteers who give their time and resources enable a large number of activities to be run by the church. It is not possible to quantify the extent of this help, but without it the church could not continue its work.

Income in 2023

Most of the church’s income (93%) comprised gifts received from its members and attendees and associated Gift Aid (recoverable tax). Other income comprised of rental of 26 Trinity Street and other sundry income. The total income for the year was £387,439, the breakdown of which is shown in the following pie-chart:

7

As in other years, the PCC wish to express their gratitude to those who give generously towards the work of the church. Giving increased in 2023 by 20%, much of this increase being the encouraging response to the giving appeal in May of 2023.

Apart from Gift Aid, other income rose by 43% in 2023, this is the result of income specifically for and from various activities which are often offset by costs which are not necessarily distinct within our expenditure profile.

Expenditure in 2023

The church’s expenditure was £426,772, a 6% increase compared to 2022 (£402,262). This increase was mostly inflationary, with many of our costs going up and a significant increase in energy costs specifically.

The church’s expenditure reflects responsibilities in the parish, the diocese, and both nationally and internationally, and breaks down as follows:

8

Although there is no legal liability on the PCC to pay the Diocesan Parish Share, the PCC is aware of its responsibilities in relation to the financial position within the diocese. Our staff costs do not include the cost of our Rector or Curate. Both have their stipends paid by the diocese and therefore their costs should be set against the Parish Share. The diocese also owns and maintains The Rectory and the Curate’s house and owns the church building. The Parish Share also supports mission and evangelism across the wider diocese covering Norfolk and Waveney. In 2023 the PCC paid £90,000 for the year; the amount set by the diocese at the start of the year.

Funds and Reserves

The church has the following restricted fund (that is, fund that the PCC is not free to spend however it pleases): the Bransby legacy endowment fund (£31,991).

Unrestricted funds include the value of our property as well as money in the bank. The church owns 26 Trinity Street, which provides a potential mixture of rental income and capital growth. This property was formally revalued in December 2022 and a new valuation of £512,500 was approved by PCC (from £483,000 in 2021). We are required to revalue this property every few years.

At the end of 2023, the church had unrestricted funds of £671,994 including the £512,500 attributed to 26 Trinity Street. Other unrestricted funds included a deposit fund of £10,827 and tangible fixed assets of £36,418. This is a

9

downward movement from 2022 in our available funds in line with our strategic decision to operate within our reserve policy and is a closely managed deficit.

The remainder of our funds, our general reserves, are essentially the money the PCC has that is free to spend. Each year the PCC reviews its Reserves Policy and in January 2023, it reviewed it keeping the levels the same but adjusting the wording to:

‘Reserves’ are the financial resources the PCC has available to spend for the church’s purposes once it has met its commitments and covered its planned expenditure. They are those funds that are free to be spent – i.e. they are not restricted or designated for specific purposes, nor held in an endowment fund, nor invested in fixed assets.

We need reserves because not all our income comes in at the same rate as we spend it, and to enable us to continue meeting our commitments if our income is lower than we expect or if our expenditure is higher than we expect.

The PCC’s policy is to maintain reserves of £60,000 which takes account of the following:

The PCC undertakes to review this reserves policy on an annual basis.

At the end of 2023 our general reserves stood at £113,972, this is comfortably above our reserves policy and is in line with our forecasted financial performance through the final two quarters of 2023.

Outlook for 2024 and beyond

Our current level of expenditure is in the state of a managed, moderate deficit. The PCC have approved the 2024 budget at a deficit of approximately £25k for 2024, this is in line with our income expectations and set to manage expenditure to close the current gap between the reserve policy set by the PCC and as amended in 2022. We will keep our cost base and income under scrutiny throughout the year and amend our operational approach as necessary to manage our reserve position.

There have been decisions made to outsource the domestic services which will provide in year savings against the 2024 budgets, this also removes a good deal of administrative and operational burden on the ministry and administrative team.

We expect to see some additional costs in 2024 related to fabric maintenance and the quinquennial report provided by the diocese but have provisions in place within the accounts for this.

10

Risk

Safeguarding - Child Protection and Vulnerable Adults

The PCC has a formal policy statement and an appointed Safeguarding Officer. The policy is reviewed annually by the PCC. A copy of the policy is displayed in the Church and the Safeguarding Officer provides a copy to all those involved in youth and children’s work and is responsible for monitoring compliance with that policy. Two additional DBS recruiters have been trained to check DBS certification for those seeking to work within church, including those wishing to work with children. A full safeguarding report appears later in this document.

Financial

In May of 2023 we held a giving appeal which was faithfully responded to by the congregation. The result of this appeal was to significantly slow the deficit conditions experienced in late 2022 and early 2023. Our cash reserves continue to be above the reserve value stipulated by the PCC governing documents and are expected to continue this trend through 2024. As we continue to work within the parish and beyond to fulfil our mission to bring the gospel of Christ to the world and continue to be blessed with the growth of our ministry, we will continue to keep a high level of visibility and control on our finances while remaining flexible to meet the challenges of our calling, and the rising expenses of funding it.

The church accounts are reconciled monthly and any significant variance from the budget is investigated. The accounts are subject to an annual assurance review in accordance with the Charities Act 2011 and the Church Accounting Regulations 2006, together with the Charities Statement of Recommended Practice 2005.

Legislative

These include health and safety, disability and other discrimination and data protection. The PCC has reviewed the legislative requirements in these areas. We have updated our Health and Safety Policy, and several matters therein are being addressed.

Reputational

The PCC is aware of the church’s activities (and those of its members) and has sought to conform to the highest standards associated with a religious organisation. Whilst there is no formal process of review over the many activities undertaken, the PCC is prepared to investigate any concerns that come to its attention or are reported to it by members of the congregation or by outside parties.

Bankers and Accountants

Bankers: Barclays Bank plc of 5/7 Red Lion Street, Norwich and The Cooperative Bank plc of 69 London St, Norwich.

11

Accountants: Aston Shaw, Chartered Certified Accountants, Union Building, 51-59 Rose Lane, Norwich, Norfolk, NR1 1BY

Approved by The Parochial Church Council on 10[th] April and signed on its behalf by:

.................................................................... Richard James, Chairman

Holy Trinity Church, Norwich - Fabric Report for 2023

Fabric Report

The Church building, which is a Grade II listed building, is owned by the Diocese but the PCC are responsible for its care and maintenance.

The main project carried out in the last 12 months was the replacement of the lighting system which was overseen by Andrew Stevens. This project was successfully completed in December 2023, and it replaced lighting which had become outdated and inflexible and for which the appropriate lighting tubes were becoming more and more difficult to source. The total cost of this project was approximately £28,000 but the new LED lights will offer a small saving moving forward.

Work has also been carried out to ensure that both side doors are now fully alarmed and to enable people to unlock and access the church directly from the car park.

The PCC are also responsible for the property at 26 Trinity Street and a significant amount of work has been carried out during the last 12 months, notably:

Work is also underway to install CCTV around the car park to provide extra security and, in addition, options are being explored to fill the gap between the boiler room (wooden structure in the car park) and the church building where there is currently hatching painted on the ground. This area has become an attractive location for anti-social behaviour, and it is hoped that either a fence or another shed will help address this problem.

With regard to cleaning we have entered into a contract with a cleaning company during the last few months rather than have a dedicated member of

12

staff and this has offered a slight saving whilst continuing to ensure an appropriate level of cleanliness.

Looking ahead the Fabric Committee is beginning to explore the possible refurbishment and enlargement of the current church kitchen. Providing well prepared food is a growing part of our welcome to people coming into our church and part of sharing, learning and meeting together but it is evident that the current kitchen is small and impracticable for largescale catering. This will be a potentially expensive project which is only being scoped out at this stage and will require careful consideration in forthcoming months.

Phil Courtier

Churchwarden

Safeguarding Report for 2023

Safeguarding continues to be fundamental in managing the children’s and youth work at Holy Trinity, Heigham and our involvement with vulnerable adults. The Parish Safeguarding Handbook 2018 continues to be followed, with some minor amendments as agreed by the PCC in 2020.

The online Parish Safeguarding Dashboard continues to be monitored and kept up to date. Outstanding actions are addressed on a red, amber, green traffic light system, which is visible to the Diocese, to monitor our compliance on safeguarding activities.

We continue to focus on safeguarding training, for those in leadership roles, PCC members and new volunteers, with refresher training required every 3 years. DBS checks continue to be carried out for all new volunteers and members of staff and are repeated every 5 years. ThirtyOneEight, whose service we use to undertake DBS Checks, have recently introduced an online digital ID checking system which should help speed the process and we have started to use it.

The recruitment procedures in the Parish Safeguarding Handbook 2018 continue to be followed. The additional safeguards (application form, interview and two references) in place do mean that recruitment of volunteers takes longer. It is not possible to recruit new, unchecked, or untrained, volunteers at short notice.

DBS checks, both new and for renewal have been completed this year.

Confidential Declaration forms, either new or updated, have been completed during the year.

Volunteers have completed or renewed their Safeguarding training this year. It has previously been agreed by PCC that relevant training must be completed within 3 months of commencing in any role.

Lay Ministers and Authorised Worship Assistants checks and training are the responsibility of the Diocese and are not monitored by the Holy Trinity Safeguarding Officer.

13

During the year we have been informed of possible Safeguarding concerns. After the initial responses, no further action was required, although staff and volunteers will continue to remain supportive and vigilant for those involved.

We continue to review our processes, procedures and roles to avoid the Safeguarding Officer and DBS Administrator becoming single points of responsibility and to establish a resilient succession for the roles.

David Fairbourn

Holy Trinity Safeguarding Officer

david.fairbourn@trinitynorwich.org (For my personal safeguarding attention) safeguarding@trinitynorwich.org

Norwich South Deanery Synod Report for 2023

Deanery Synod is a termly meeting of clergy and lay representatives of eight parishes/churches in south-west Norwich. We enjoyed a positive session in June 2023 with Dr Jane Steen, Bishop of Lynn, on mission . Projects under this umbrella included

Attract and recruit lay and ordained leaders

Encourage increase in baptism and confirmation

Strengthen work with children youth and families

The idea was to see mission as energising and as proclaiming Jesus not about finding people to do jobs. To help parishes think missionally , share experience and experiment with what worked and what didn’t . To be leaven , Matt 13:33, serving communities and speaking against injustice and developing mission plans .

It is planned for the Diocese Youth and Families advisor to attend and advise on available training and resources . The setting up of a money advice centre in the city is being explored .

Please pray for our mission and as our regional contributions to the debate around the implications of LLF continue.

Jason Wilson

14

Minutes of the Annual Meeting of Parishioners and Annual Parochial Church Meeting 21 May 2023 11.00 Holy Trinity Church Norwich

Richard James welcomed everyone to the APCM and opened the meeting in prayer.

1. Appointment of Churchwardens (or ‘Meeting of Parishioners’)

Richard summarised the role and duties of Churchwardens and expressed gratitude to Phil Courtier and Paul Henery for all they have done over the year.

Richard announced that nominations had been received for Phil Courtier and Paul Henery to serve further terms as Churchwardens, and as no other nominations were received, he announced their election to serve for 2023/2024.

Richard then thanked Paul and Phil for their willingness to serve as Churchwardens and encouraged the Church to pray for them.

2. Election of Church Council Members

Richard summarised the role of a PCC Member and thanked retiring PCC members: Margie Jowitt, Rosie O’Donnell, Phil Courtier (who had left PCC to take on the role of Warden) and Barbara Drake (stepping down a year before the end of her term).

He announced there were three vacancies on the PCC, and that the term of appointment was for three years each.

Richard introduced the candidates:

Richard thanked the candidates and announced their election. He asked Church members to pray for them.

3. Deanery Synod Elections

Richard summarised the role of Deanery Synod and Deanery Synod members.

15

Richard introduced the candidates:

There are further vacancies for Deanery Synod and Richard invited anyone interested in being considered to contact him.

Richard thanked the candidates, and announced their election.

Phil Courtier led prayers to thank God for all the newly elected PCC and Deanery Synod Members.

4. “Come and serve” – Vision 2023

Richard reminded the Church of the verse of the year (Galatians 5:13) “Through love serve one another.” As a Church we want to welcome everyone, to raise up disciples in the Church, and to go with the good news to our city, our community, and the world.

Richard spoke from John 15: 9-17, and encouraged the Church family to stay close to the Lord, reminding us that we love each other because we are first loved.

Our vision is to be a Church who are hearing and doing Jesus’s words – serving, welcoming and doing by:

  1. Staying close to the Lord

  2. supporting people to grow as life-long disciples (generally and with work aimed at specific groups)

  3. supporting each other in our walks with the Lord (with one-to-ones and other work)

  4. Loving each other

  5. By serving – we are full of joy for the church plant team who have gone to Costessey, and by people filling the gaps in serving here. But serving is more than taking on regular roles, it is also taking time to support people and pray for them, or by taking time to help when there’s a request to move chairs and tables after Church, for example.

  6. By welcoming – this work is wider than the welcome team and chatting after coffee on a Sunday but is more about real inclusiveness. Richard encouraged the Church family to offer a Christ-like welcome to all, as we see all people as children of God and seekers of God not as strangers. Richard encouraged us to move towards not away from each other, and to see our hospitality as part of our service and love.

  7. By giving – Richard reflected on the recent Partnership Sunday and helpful sermon series on giving. He reminded the Church family that giving starts with the heart and that we are fruitful in giving because we love the Lord. He noted that a Partnership Sunday is a good thing to do from time to time, but we need to develop a culture in the Church where giving is one part of how we play our part as disciples who love the Lord and love each other.

16

  1. Go and bear fruit

  2. The PCC report highlights many activities that take place in the Parish and new activities which have started, and we thank God for those. God has been opening doors for the Gospel, and Richard encouraged us to join him in praying at the parish outreach prayer meeting praying for our city, our community and our world.

  3. Richard encouraged us to get out of the premises and be fruitful disciples for God on the frontline, wherever it is that God has placed us.

  4. Richard reflected on our parish mission, being thankful that we are becoming better known and trusted in our community, because of our outreach work and intentional presence, and encouraging us to continue to pray for this work and to join in the Parish Outreach Prayer meetings.

  5. He encouraged the Church family to pray also for our wider mission, that God would raise up mission partners and ordained ministers from our congregation to be the next generation of pastors and teachers for the Lord’s church, and for the work of the Norfolk Gospel Partnership in reaching those parts of Norfolk with no Gospel church.

Finally, Richard encouraged everyone to look through the PCC report to see more details of all that has been happening in the Church during this year.

5. 2022 Finance Report (Dave Appleton, Treasurer)

The financial report had been circulated in advance of the meeting and copies were available at the meeting. Dave noted that detailed presentations on the Church finances had been made recently on Partnership Sunday and he provided an update. We started last year with more money in the bank than usual, and had budgeted to spend more than usual accordingly, but costs went up considerably due to the cost-of-living crisis and giving went down (partly due to the Church graft to Costessey). Following Partnership Sunday, commitments were made to increase giving by £64k per year (including gift aid). Additionally pledges of £11k one-off gifts (including gift aid) had been made. As a result, the Church is no longer expected to run out of funds during this year. Dave thanked God and the Church family for this. He noted that there will inevitably be further changes to giving during the year and noted that Richard, the Wardens and the new finance team (Treasurer, office Finance and Admin role, and volunteer Giving Assistant) were committed to looking at all expenditure more closely to ensure expenditure is reduced and income increased.

Richard thanked Dave for his work as Treasurer, as he stands down, and welcomed and introduced Dwayne Royal the incoming Treasurer.

Richard prayed for Paul and Phil as they start a new term as Wardens, as well as for Dave and Dwayne as they leave and take on the Treasurer role.

Paul prayed for the Church’s vision and finances.

17

6. PCC Report

The PCC report had been circulated in advance of the meeting and copies were available at the meeting.

Richard drew attention to many activities Church family members had been involved in, highlighting in particular:

He encouraged the Church to take the opportunity to look back at last year and thank the Lord as well as looking forward.

7. Questions

A number of questions had been received in advance of the meeting:

1. A question from Mike Bach: What is included in the income caption "Giving - other" (Note 2 to accounts) and why has this declined from £21k in 2021to £8k in 2022?

Dave Appleton, Treasurer, responded that this category covers mainly one-off gifts so varies from year to year, and noted that one-off gifts for 2023 already exceeds those in 2022

2. A question from Mike Bach: The expenditure caption "Office costs, advertising, IT and telephone" (Note 5 to accounts) is a bit of a catch-all. Would it be easy to split for future years the "Advertising" (which is I presume mainly direct outreach activity) from "Office costs, IT and telephone" (which I assume is mainly general operational support)? If not too much trouble, what is the split of the total of £13k for 2022?

Dave Appleton, Treasurer responded that of the £13k total under this heading in 2022, £3400 was spent on telephone and broadband (including office phone system, staff mobiles, broadband – church, church hall, JL room, rectory and curates house), £2800 on IT including software licenses, £3700 on advertising and design (including job adverts but mainly design and printing of flyers etc for events), £3100 on office costs such postage and stationery. He suggested that breaking it out further might not be helpful since many of the categories overlap (for example a flyer printed in house is stationery, but out of house is advertising). However he suggested that it might be more useful to provide the breakdown on request.

18

3. A question from Simon Elphick: Brandsby Legacy - It appears that the interest received on the Brandsby Legacy is in the region of 0.6%. Given that the value of the endowment is currently falling at around 10% per annum due to inflation, it would at least seem prudent to look to markedly increase the return if we retain the status quo? However, there have been changes under the Charities Act 2022, which seem to have made it easier to remove restrictions on permanent endowments. Might it be wise to properly consider this? If one assumes the endowment was set up in 1900 (I’m not sure anyone knows where the paper work is – or if it exists – to verify this) the value of 31991 in today’s money would be £4.8 million pounds. In my mind, the time is well overdue to do something useful with a relatively useable sum, rather than let it depreciate further whilst providing very little income?

Dave Appleton, Treasurer responded that the legacy was a fund of £32k which was left to the Church to be invested with the income spent on youth work. No paperwork can be found but this description was provided in a verbal update to the incoming Treasurer.

Derestricting the fund had been considered but was felt (with input from the Church accountants) not to be possible, however with the change to the Charities Act this would be looked into again.

The funds are held in a high interest account and income has been very adversely affected by the negligible interest rates recently, however as these are now rising it is anticipated that an income of about £1k could be achieved this year, but we could look to make a change.

4. A question from the floor from Nigel Parfitt: What are the implications of the increased giving? Notably, what does it do to the graph we’ve previously seen?

Dave Appleton, Treasurer, responded to say that as a result of the pledges made following Partnership Sunday the anticipated decrease in balances would be eased and the graph would likely be flat (or a gentle decline) as income more closely balances with expenditure. However he noted that this is on the basis that only one Ministry Assistant will be recruited, should a decision be taken to recruit a second Ministry Assistant then the increase would not be sufficient. He also noted that there will be other changes to giving, increases and decreases during the year which will affect the picture.

5. A question from Matt and Rachel Stevenson: What other cost saving measures have been considered?

Phil Courtier, Warden, responded that there are very few variables in the Church budget, we have our parish share, we have our staff (and we have made a decision about not replacing the second ministry assistant) and the fabric of the building (we don’t have a great deal of choice over what we need to spend here). However, we are taking a holistic approach. Giving is not the only aspect to consider and we are looking at our expenditure and income in the round. Phil, Richard, Paul and Dwayne will be looking across the piece at where we can reduce budgets or increase income.

19

6. A question from Matt and Rachel Stevenson: Has consideration has been given to either expanding our use of the Jenny Lind room, to justify the £6500 lease, or ending the lease? Whilst we acknowledge the strategic position of the Jenny Lind room for reaching that area of our parish, is it a luxury to have use of this space rather than a necessity, given that the four regular events run there each week could be held in the church or church hall?

Phil Courtier, Warden, responded reiterating what Richard has said earlier, that the Lord is doing a lot of good work in that area, which we have previously struggled to reach out to. It gives us a visible presence in the community, eg the after school club with 27 children which is a real strategic benefit. Equally we have had income from it of £1k from the recent election. However, he noted that everything is on the table when we look at budgets so it will be considered.

7. A question from Mike Hulme: Rental income from No.26 Trinity was down more than 20% in 2022 compared to the previous year. Given the possibility of a second successive year with an excess of expenditure over income for the church as a whole, what efforts are being made to increase the rental income obtained from No.26 Trinity Street during the coming and subsequent years?

Phil Courtier, Warden, responded that a reduction in tenants from three to one during the year reduced rental income. The plan moving forward would be that it would either be rented to a couple as a whole house, or three rooms rented separately, either way the rental income would be increased.

Responding to a follow-up question from Nigel Parfitt, Phil Courtier, Warden, noted that there is a balance to be struck. Renting out no 26 means we will incur costs in maintenance etc, however Phil committed to considering all the options to maximise income and reduce costs.

8. A question from Mike Bach: Over recent months the leading column of the weekly church email newsletter has sometimes been signed off by Richard and sometimes by Richard and Carole. Is the latter format intended to reflect the leadership structures of the church?

Richard James responded that there is no leadership change in the Church, and that articles of a theological or leadership topic would be signed by him alone, whereas those of a more general or pastoral nature would be signed off by him and Carole. They work in partnership for the Gospel and Richard emphasised how important Carole’s contribution and support is to him in exercising his ministry.

9. A question from Simon Elphick: Communion table - Is it appropriate for a conservative Evangelical church to have a communion table that looks nothing like a table? The reformation intended to get rid of altars in the Anglican Church, but we appear to still have one.

20

Richard James responded that he recognised the sentiment behind the question and would ask PCC to consider the issue and he would report back.

Richard invited any other questions, and there were none.

8. Appointment of Stewards and Welcomers

Richard shared the names of all those who are stewards and welcomers, and thanked those who are involved in this important ministry.

Richard invited anyone who is standing down to contact Rosalyn Anderson and anyone interested in joining the team to contact Rosalyn Anderson, or John Balls and Paul Hoey (morning team) or Jason Wilson (evening team)

Richard expressed his thanks to those who serve in this key ministry.

Natasha Royal offered a word of encouragement and thanks for Carole James, for her strength, support and her valuable contribution to the life of the Church. Specifically, Natasha expressed her thankfulness for Carole’s partnership with Richard and the value that brings.

The list of stewards and welcomers was approved by a show of hands with no dissent.

  1. Reappointment of Accountants and Independent Examiners

Richard proposed that the firm of Ashton Shaw was reappointed as Independent Examiners. As there were no dissenting views, this was agreed.

10. New Members since APCM 2022

Richard reported that the Electoral Roll total was 231. Since the last APCM (22 May 2022) 27 new people had joined and 37 had left (including 20 to the Costessey church graft); an overall net decrease of 10 people.

Richard thanked Dave Appleton for his work as he stood down as electoral roll officer and announced that Rosalyn Anderson had now taken on this role.

Richard named those people who had joined the roll since the last APCM, and then prayed for them.

21

11. Approval of Minutes of APCM 2022

Richard drew attention to the Minutes of the 2022 APCM and updated the Church family on matters arising:

12. Expressions of thanks

Richard thanked everyone for coming to this meeting and to the whole Church family.

Richard went on to express particular thanks to:

Finally, Phil expressed thanks to Richard and Carole for their commitment to Christ, the Gospel, the community and to the family at Holy Trinity and for Richard’s leadership of Holy Trinity.

The meeting concluded with all joining in prayer using Ephesians 3:20-21

Date of Next APCM

To be advised.

Louise Cumberland, PCC Secretary, May 2023

22

Charlty reglstratlon number 1132477 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HEIGHAM, NORWICH HOLY TRINITY CHURCH ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HEIGHAM, NORWICH HOLY TRINITY CHURCH LEGAL AND ADMINISTRATIVE INFORMATION Trusteè$ Mr Philip Courtier Dr Thomas Gray Dr Antony Smith Mr Jason Wllson Mr Jonathan M8son Mr Paul Henéry Ms NM Russell Ms M Jowitt Ms A Hillman Ms CF Verdon-smilh Rev Alastair Gledhill Matthew Stevenson Noah Marsh Dwayne Royall Rev Richard James IAppoint8d 2 July 20231 IAppointed 22 May 20231 (Appointed 22 May 20231 (Appointed 22 May 20231 Charlty number 1132477 Prlnclpal address 110A Trinity Street Norwich Norfolk England NR2 2BJ Independent examlnèr Sotos Ghrislophi FCCA Aston Shaw Limited Chartered Cèrtified Acoountants The Union Building, 51-59 Rose LaT)e NO￿lCh Norfolk England NR1 18Y

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HEIGHAM, NORWICH HOLY TRINITY CHURCH CONTENTS Page Independent exarniner's report Slatement ol financial activities Balance sheet Notes lo the financial statements 4-19

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HEIGHAM. NORWICH HOLY TRINITY CHURCH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HEIGHAM, NORWICH l ￿POrt to tbe tnjstees on my examinalJn of the finaniyal ststsrn￿ts of The PariKhral Church Counal of tt)e Ecclesiastical Parish of Heigham. lthe Ch&ityl forthe year ended 31 Decernber 2023. Responslbllltles and basis ol report A5 the trustees of the Charity you are responsible for the ￿parats)n of the financial ststements in accordance wth the reqU1￿ments of the Charities Act 2011 {the 2011 Arll. I report in rèspect of rny examination of the Cha¥tty's finanual ststements Carried out under section 145 of the 2011 Act. In carrying out my eXaMinat￿n I have fdlowed all the app￿Cab[e Directions gNen by the Charity Commission under section 145(5llbl of the 2011 ACL IndÈpÈndÈnt ÈX2minerfs statement Since the Charity's gr055 incorne exceeded £250,000 ￿Jr examiner must be a member ol a bc¥Jy fisted in section 145 of the 2011 Act I confirm that l am quaified to undertake the examina(K)n because l am a m8rnt￿r of ACCA . which is on8 of thè Itstèd bodies. Your aitentron 15 drawn to the fact that the charity bas p￿pared finanoal stslements in accordance Accounting and Reporting by Charities preparing their accoJnts in accordan￿ wth the Fillanoal Rewrting Standard applirable in the UK anij Republic of I￿land IFRS 1021 in prefe￿nce to Ihe Accountillg and Reporting by Charibes-. Statement of RecommerKled Practice issue(5 on 1 AW 2005 whth i8 lefer￿d to in the extant regulats.ons bul has now been thdrawn. understand that this ha5 been done in order for finanoa 51aternents to prowde a true and fair view in accordan witt) GeneiallyAccepled A¢counDry Practice effective for rep<Yl&ng pericJs beginning on or after 1 January 2015. I have compleied my exarnin8tion. l ￿￿firrn that no rnatters have come to my attenlion in ￿Thnection wtth the examination gwing me cause to believe that in any tnateiial ￿$[￿¢t accounting records were not kept in respect of the Charity as wuired by section 130 of the 2011 ACL or the financial statements do not a￿rd wth those ￿¢(￿d$.. or the finanoal statements (Jo not CoM￿Y ￿th Ihe applicable ￿Uirerr￿nts con￿ming the form and cont8nt ol accounts set out in Ihe Charities (Accounts and Rerx)rtsl Regulations 2008 other than any requirement that the ac¢ovnts give a true and lair view which is not a matte¥ considered a5 part of an independenl exafflination. I have no conoms and have come across no Olher mattets in conne¢lion wth the exarninalion to which attention should be drawn in thi5 report in order to enable a p¥oper utyjérstanding of the financial statèments to be reached. Sotos Christophi FCCA Aslon Shaw ￿Mit Chartered Certif￿￿ Accounlants The Union Buildin9, 51-59 Rose Lane Norwi Norfolk NRI 1BY England Oateit.. 01105 IoDtQ4-

<0 u> ¢5) * ¢7) 7J Z5 (o o) lx ¢ oi * ro <YJ ty 0£ c y o 0£ o(J c

THE PIIROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HEIGHAM, NORWICH HOLY TRINITY CHURCH BALANCE SHEET AS A T 31 DECEMBER 2023 2023 2022 Notes Fixed assets Tangible a$sets InVeS￿lent properties CBF Church of England DepositAccount 12 13 14 36.418 512.5(M) 42,818 21,373 512.500 42,818 576,691 Current assets Debiors Cash 2t bank and in hand 16 12.892 111.211 12,696 174,519 124.103 187.21S Creditors.. amounts falling Ilue wtthin one year 18 110,1311 118,8851 Net cuffent assets 113.972 168.350 Total assets less current liabilities 705,7a8 745.041 Capital funds EndowmenL fund$- general Income funds Restricted funds Unrestricted funds 20 31.991 31,991 21 1.723 671.994 1,929 711,121 705.708 745.041 Thefin 2É1041gooY tatements were approved by Ihe Truslees on ...................... .. Philip Courtser stee Mr Paul Henery Trustee

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HEIGHAM, NORWICH HOLY TRINITY CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 AccoLsnting policitss Charlty Information The Parochial Church Council of the Ecclesiastical Parish ol Heigham, Norwich is a unincorporated charity. 1.1 Aceounting conventlon The financial ststemenls hav8 be&n prepared in accordanee with the Charity's eonsiitulion, the Charfties Act 2011, FRS 102 The Financial Reporting Standard applicable in the UK and Republic ol Ireland" l°FRS 102.1 and the Charities SORP 'Accounting and Reporting by Charities.. Statement of Recommended Practico 8ppIic8ble to charities prèparing their accounts in accordance wilh the Financial Rèporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191. The Charity Is a Public 8ènefil Enlily as defined by FRS 102. The Charity has taken adv8ntage of the provisions in the SORP for charlties not to pr8p8r8 a Stalement of Cash Flows. Thè finaneial slalements have departed from thè Charities (Accounts and Reports) Regulations 2D08 only lo the extent required to provide a true and lair vi8w. This depariure has involved following the Slalemenl ol Recommendéd Practi￿ for chaiilies applying FRS 102 rather than the version ol the Statemenl of Recommended Practice which is referred lo in the Regul81ions bLJt which h85 since been withdrawn. The financial statements are prepared in sterling, which is the functional currency of the Charly. Monetary amounts in these financial slalements are rounded lo the nèarest £. The flnan¢lal staternents have been prepared under the historical cost convention, modlfied lo include the revaluation of freehold properties and to include invèstment properties and certain financial ingtrumants at lair value. The princlpal accounting policies adopted are sel out below. 1.2 Going toncèrn At the time of approving the financial stalemonts, the trustees have a reasonable expectation that the Charily has adequate resources to continue in operational existence for the foreseeable lulure. Thus the trustees conlinue lo adopt th6 going concèrn basis of accounting in preparing the linan¢ial statements. 1.3 Charltable funds Unreslricled funds arè those funds that ar6 held lor spending Èt the PCC'S discretion. These include any further funds. which the PCC has designated lor particular purposès I'designaled funds l. Unrestricted funds compiis&:

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HEIGHAM, NORWICH HOLY TRINITY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEIWBER 2023 Accounting pollcltrs (Continued} General funds Funds tsf the PCC that are not subject lo any restrictions regarding their use and are available for application for the gener31 purposes ol th8 PCC. Tangible flxed assets reserve Fundg sgl-aside by decisloft of the PCC to rèllÉcl monies tied-up in tangible fixed assets and hence not readily expendsble wilhoul disposal of the ￿levant asgets. Investment properly reserve Funds set-aside by decision of the PCC to reflect monies liÈd-up in the investment property and hence not rèadily expendable wilhoul disposal ol the investment proparty. Training fund Funds set-aside by declsion of the PCC in 2018 to cover the costs over 3 years of training a Children's Worker. The money remaining in this fund alter the two Youth and Children's Workers completed their training was de-designaled by the PCC in 2022. Fabric fund Funds sel-asidè by decision of the PCC in 2018 to cover the costs of any one-off or cuasional building or furnishing projeds Idesignation clartflod by PCC in 20191. Jenny Lind project fund Funds sèl-aside by decision ol the PCC in 2018 to cover the Costs of progressing our ministry in the North East tsf the parish (Jenny Lind and Vauxhall Street 8ro81, iricluding the ¢mployment ol staff who wll support this min15try (designation clarified by PCC in 20191. In 2021 the PCC'S strategy for progressing this Ministry was developed.. this is now integral to the church's overall parish outreach which is funded from Ihe general funds and no olear plan had em&rged from the strategy for how the Jenny Lind fun¢J would be used within its existing designation. The PCC IherBforg 8pproved the de-de8ignation of the Jenny Lind fund and the rem8ining funds were transferred lo the general funds in 2021. Ongoing ministry in the Ntsrlh East of the parish will be funded from general funds. The dontsr who had initially provided th funds was consulted and supr4)rted this decision. Restrictèd funds are thos8 that are subject to specifl¢ trusts. For the purposes of these accounls. the funds held under this heading are the 'incom& funds" i.e. they must be spent on the specified purposèlsl within a r@asonable period ol Ilmè. Any balance remainlng unspent at the end ol each year must be eairied forward as a b818nce on that fund, The PCC doès not usually invest sèparately for each fund. Where there is no separate investment. interest is apportioned lo individual fund5 on an average ba18nce basis. Reslricled 'income funds comprise.. Hardship Fund Donab'ons for the Hardship Fvnd were collected dunng 2020 lor the support ol individuals and families wilhin our congregation or community who are in severe hardship. Endowment funds are funds. the capital of which musl bÈ maintained., only ineome arising from investment of the endowment may be used either as reslrieted or unreslri¢led funds depending upon the purposè lor which the andowmenl was established. Endowment funds comprise.. Br2nsby LegacyAn endowment wilh interest earmarked for costs of yOLfth work. The assets of the legacy are held on deposit within the CBF Church of England Deposit Fund.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HEIGHAM, NORWICH HOLYTRINITY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policie5 (Continued) 1.4 Income Income is recognised when th6 Charity is legally entitled to it after any perforrnance conditions have been met, the amounts can be measurèd reliably, and il is probable that income will be received. Cash donations are recDgTrised on receipl. Other donalions are recognised once the Charity has bèen notified of the donation, unless performance conditions require deferral ol the amount. Income tax recoverable in rèlation to donations received under GiftAid or deeds ol covenant is recognised al the time ol the donation. Legacles are recognised on receipt or olheTwise if the Charity has been notified ol an impending dislribulion. the amount is known. and receipt is expected. If the amour)l is not known, the legacy is treated as a eontingenl asset. Planned giving receivable under Gift Ald Is recognlsed only when received. 5n¢ome tax recoverable on GIft￿d Llonatlons is recognised when the incotvts lo whlch il relates is r8cèived. 1.5 Expèndlture Expenditure is recognised once there is a legal or conslruclive obligation to transfer economic benefit to 8 third party, it Is probable that a Iransfer of economic benefit5 will be required in selllement, and the amount of the obligatic)n can be me8surèd reliably. Expenditure is dasslfied by acllvily. The eosts of each activity arè made up ol the total ol direct costs and shared cos15. including support costs Invo￿ed in undertaking each aclivily. Direct costs attributable to a single activity are allocated dirètlly lo that activity. Sh8rÈd costs which ¢ontribute lo more than one activity and support costs which are not atlribulable lo a single 8Ctivity are apporiioned between those activities trn a basls consislenl with the use ol resources. Central staff costs are allocated on the basls ol time spent. and depreciation charges are allocated on thè rK)rtion of the asset's use. GT8nts and donations are aceounted lor when paid over. or when awarded, If thBt award creates a blnding obligation on the PCC. The diocesan parish share is accounted lor when paid. Because il is not a legal liability, any parfsh share unpaid at 31 December is not PTovided in these financlal statements except lo tha extent that the PCC has resolved lo pay the shortfall. All other exp8nditure is generally re¢ognised when il is inourred and is accounted for gross. 1.6 Tangiblè fixed assets T8ngible fixed assets are inilially measured at cost and subsequently measured at cost or valuatlon, net of depreciation and any impairment losses. Depreciation is recognised 50 as to write off the cost or valuation of assets less thelr residual values over tholr useful lives on the follo￿￿￿￿ bases.. Freehold imprtsv8menls Other office equlpment 1 Oyo Straight Linè 25Yo Straight Line The gain or loss arising on the disposal of an asset is dtsl&rmlned as the difference betwe8n the sale proceeds and the ￿arryIng value ol the asset, and is recognised in the statement ol financial aclivilies. 1.7 Investment propertles Investment properties for which fèir value can be rneasurÉd rè15ably without undue cost or effort are measured at fair valuè at each reporting dale with changes in fair value recognised in 'nel gains I Ilossesl on inveslmenls, in th8 SOFA.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HEIGHAM, NORWICH HOLY TRINITY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting polici95 Icontlnued 1.8 Impairment of fixed asstrts At each reporting end dale, the Charily reviews thè ¢ariying amounts ol its tangible assets to detérmine whethèr there is any indication that those assets have suffered an impairmenl loss. If any su¢h indication exists, the recoverable 8mounl ol the asset Is estimated in order to determine the extènt ol Ihe impairrnenl loss lil anyl. 1.9 Cash and cash èquiv?lents Cash and cash equivalents incjude cash in hand, deposits held at call with banks, other short-lemi liquid investments with original malurilies ol three months or less, and bank overdrafts. Bank c)verdrafls are shown within borrowings in current liabilities. 1.10 Financlal Instruments Th8 Charily has elettgd lo apply the proilsions of Section 11 '8asl¢ Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all ol ils financial instruments. Financial instruments are reeognised in the Charity's ba18n￿ sheet when the Charity becomes party to the contr8¢tual provisions of the instrurnenl. Financial assets and liabilities are offset, with the nel amounts prosented in the finandal stslernents, when there is a legally enforceable right to sèt off the recognised amounts and therè is an intention lo settle on a nat basis or lo realise the asset and setue ihe liability simultaneousty. BaslG flnanclal assèts Basio financial assets, which include debtors 8nd Cash and bank balances, are initially measured al transaction price including transacllon costs 8nd are subsequently ¢arrled al amortised cost using the effective interest method unless the arrang&m8nt conslilules a linan¢lng Iransaction, where the transaction is measured at th8 present value ol the future receipts discounted al a market rate of intergst. Finanaal assets classified as receivable wlthin onè year are not amortlsed. Baslc financlal Ilabllltles Basic financial Iiabililies. including crèditors and bank loans are initially recognised at Iran$aclion price unless the arrangement constitutes a financing Iran5aclion, where the debt instrument is measured al the present value ol the future payments discounted al a market rate of InleTesl. Financial liabilille5 Glassified as payable within one year are not amortlsed. Debt instruments arè subsequently carried èl amortised cost, using thè èffg¢live interest rale mèthod. Trade creditors are obligations lo pay lor g￿d5 or services ihat have been acquired in Ihe ordln8ry course of Dperalions from suppliers. Amtsunts payable are classified as eurrenl liabilities il paymenl is due wilhin one year or lèss. If not, they are pres&nled as non-current liabilities. Trade creditors are recognised initially at transaction PTice and subsequently measured at amortisgd cost using the effoclive interest method. D&racogniliDn of financlal Ilabllltlès Financial liabllSd8s ale derecognised when thè Charlty's contractual obligalrons expire or are disch8rged or cancelled. 1.11 Employee beneflls The cost ol any unused holiday entlt16mtrnl is recognised in the period in which the employèe's services are received. Termination benefits are recogni5ed immediately 88 an expense when the Charity is demonstrably eommitted to lerminale the employment of an empk)yeè or lo provide lerminalion bènèfits.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HEIGHAM, NORWICH HOLY TRINITY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEIWBER 2023 Accounting policies (Continued} 1.12 Retirement benelils The charity offers membership of a defined contribution penslon scheme to its employees. Contributions payable are charged in the Statement ol Financial Activities in the period to which they relate. Thè charity has no responsibility lor the management of the pension scheme. which is provided by a third party. 1.13 Volunteer Activities A large amount of activities run by the church are staffed by volunleers who give ol their tlme and resources. This help is unquantifiable bul without it the church could not ¢ontinue to pursue its work. Donatlons and legacies Unrestrlcted Rostricted funds funds Total Unreslricled funds Restricted funds Total 2023 2023 2023 2022 2022 2022 Giving - standing orders Giving Sunday collections Giving other planned Giving other Income lax reGoverable IGiftAidl Grants 262,528 262,528 231,701 231,701 2,887 19,078 19,884 2,887 19,078 20,076 2,344 10,678 8,059 2,344 10,678 8,281 192 222 54,172 13,347 10 54,182 13.347 50,891 5,555 18 50,909 5,555 371,896 202 372,098 309,226 240 309,468 In¢ome from ¢harltable activities UnTèStrlcted funds 2023 Uftrèstrlcted funds 2022 Wedding & funeral lees Church & hall hire Other r8ceipts 1,107 3,388 2,626 1,160 2,230 1,489 7.121 4.879

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HEIGHAM, NORWICH HOLY TRINITY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Income from investments Unrestricted Endowm•nt funds funds 2023 2023 Total Unrèslrlcted Endowment funds funds 2022 2022 Total 2023 2022 Rental incorne126 Trinity Street) Interest received 5,400 1,182 5,400 2,820 9,200 243 9,200 456 1,638 213 Other trading ac￿VItieS 6,582 1,638 8,220 9,443 213 9,656

o ts) rn o rt¢O Ln ¢P ir) r O fo 0> (ci o rci ) ¢D 0> P) CS1 CN r O (O V o w) O CQ ¢ to r Lri * N o if) P> i* r io (Y)- (o cy U>0> (O r O trJ in I (fj (ry ID r ln * ￿ o Ir> ct> in ¢S)- IiiJ-11

to ¢¢

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HEIGHAM, NORWICH HOLY TRINITY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2023 Mission grants 2023 2022 Mission grants- individual partners 30,230 25,272 Mission grants- agencies 9.010 11,600 39,240 36.872 Othèr Total Unreslrlct funds 2023 2022 Net loss on disposal ol tangible fixed assets 115 115 Diocesan Parish Share The parfsh share alSocatÉd to the PCC lor 2023 was £90,00012022 £9D,0001. This rèfleets the overall cost of clergy wthin the Diocese and a method of allocation based upon two elements, the actual cost of ministry Athin a benefice (which for Holy Trlnily equates lo the parish) and a contributK)n to the cost of rnlssion and ministry across the Dioeese. In 2023 the PCC paid its full £90,000 parish share 12022 paid £90,000 in full). The Diocese has agreed lo request a paiish share at thè same level as tral pald in 2023 1£90,0001 lor the year ending 31 De￿mber 2024. Employees The average monthly number ol employees during the yeor was.. 2023 Number 2022 Number Church activities Management ar)d 8dminSstrBtion Total 12

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HEIGHAM, NORWICH HOLY TRINITY CHURCH NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Employees Ictsntinuedl Employment co$ts 2023 2022 Wages and salaries Other pensltsn costs 150,140 6,351 130,427 5,062 156.491 135,489 During the year the PCC employed the following staff.. Iwo tninistry assistants (both leftAugusll, one ministry 8SSlStarFt lappoinled August), (wo youth and ehildren's wo>rkers, a part-time cle8ner lone left June and one appointed November), a church administrator, a part-lime administrator IleftAprill, a part-lime financè administrator lapptrinled March). a part-tlme organist and a part-llme parish mission enabler. PCC Mèmbers and Related Parties There was no remuneration or other benefits paid lo PCC members in (heir cap8¢ily as members for the year énded 31st December 2023 nor Icir the year ended 31st December 2022. During the year the following diselosable transactions occurred in respect of PCC membèis, persons closely connected lo them or other relaled parties.. A salary was paid lo two PCC membtsrs or related parties during the year to 31st Decemb61 2023.. Mr D Appleton IPCC treasurer), adminislralor.. £2,29012022.. £8,221) Miss A Hillman IPCC member from May 20221, ministry assistanl.. £14,29512022.. £20.3721', and Part-time adrninistrator £258 Mrs C J8mes Iwife ol PCC chairl, parish mission enabler.. £9,90012022 £9,514) In connection ￿th the activities ol the Church. PCC members were relmburso(1 Sncidenlal expenses incurred in the Ggurse of the year. There were no ernployees whosè annual remuneration was more than £60,000. 10 Independent Examlner'8 Remuneratlon The Independent examiners remuneration amounts to an independent examination f06 of £1,716 12022 £1.7161 and payroll services of £83512022 £9961. the latter of which are included within 'P8yroll and HR Support.. 11 Taxation The charity is exempt from tsx8tion on its activities be¢ause all its income is applied lor charitable purposes. 13

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HEIGHAM. NORWICH HOLY TRINITY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 12 Tangible fixed assets Freèhold ot￿r offlco Imptov6m8nt$ equlpment Total Cost Al 1 JanLJary 2023 Additions Disposals 61,125 96.777 39,039 16,3501 157,902 39.039 16,3501 Al 31 Deeember 2023 61,125 129,466 190,591 Depreclatlon and Impalrmfrnt At 1 January 2023 Depreciation charged in the year Eliminated in respect ol disposals 59.134 1,987 77,395 22,007 16,3501 136,529 23.994 16,350) Al 31 December 2023 61,121 93,052 154,173 Corrying amount At 31 De￿rnber 2023 36,414 36.418 At 31 t)ecember 2022 1.991 19,382 21,373 13 Investment property 2023 Falr vèlue Al 1 January 2023 and 31 December 2023 512.500 In D8eember 2022, the investment property, being the hoLJse al 26 Trinity Straet, was formally valued by a local agency lo be approximately £500,000- £525,000. With this in mind, members ol the PCC 2pproved a valuation lor this property ol £512,500 as 81 December 2022. The nel book value of the investment pioperly is atlribulable lo the investment fund. 2023 2022 Freehold Property 512.SOO 512.500 512,500 512,500 14-

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HEIGHAM, NORWICH HOLY TRINITY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 14 CBF Church of England Dèposit Fund At 1 January 2023 and at 31 Decembèr 2023 42,818 Funds held on deptssit include amounts attributable to the Bransby Legary. 15 Movement in unrestricted funds Tangiblè fixed assels reservelgèneral funds and Fabric Fund- transfer to mateh thè net valu& lied up in tangible fixed assets F8biic Fund Ichairs and screen) General funds 274 14,771 115.0451 Net Tolal 16 Debtors 2023 2022 Amounts falling due wlthln one year: Income tax r6covÈrable on Gift Aid donations Other debtors Prepayments and accrued income 5.392 374 7,126 5,721 205 6,770 12.892 12,696 15-

In ￿1 111- ￿l_ (J C

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HEIGHAM, NORWICH HOLY TRINITY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 18 Credltors: amounts falling due within one year 2023 2022 Other creditors 10,131 18,865 19 Glven to Mission and Socral Action for the Parochial Church Council of Holy Trinlty Church for the yèar ended 31 D&c•mbèr 2023 Total 2023 Total 2022 Individuals: SIM - Penny Bakewell WEC- Colin Bearup 5tewardship- Rachel Spencer UCCF- Rosie O'Donnell MAF- Nathanael Smith UCCF- Charmyn Ng Friends Int'l - Raquel MÈdina 4.675 9,324 5,886 4,509 2,236 4,349 8,673 5,475 4,195 2,080 soo 3,600 30.230 25,272 National Agencles., CPAS Friends International UCCF i.ioo I,ioo I,ioo 600 2,800 600 1,700 Local Organisations: English + Magdalen Project Norwich YoLJth for Christ UEA Christian Union CPAS Venture Boundary Breakers Ltd 3,500 I,ioo I,ioo 850 560 200 7,310 6,000 I,ioo I,ioo 600 8,800 Total 39.240 36,872 17-

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HEIGHAM, NORWICH HOLYTRINITY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 20 Endowment funds Endowment funds represent assets whieh must be held permanently by the Charity. Income arising on thè endowment funds can be Ljsed in accordance with the objects of the Charity and is included as unreslricled income. Any capital gains or losses arising on the assets form part of the fund. At 1 January 2023 Incoming resources Rèsources expended At31 December 2023 Permanent endowmants 31.991 1,638 11.6381 31.991 Previous year: At 1 January 2022 Incomlng resourcès Resour¢es expended At31 DèeÈmber 2022 Pèrmanent endowments 31,991 213 12131 31,991 21 Restrl¢t¢d funds The reslricled funds ol the charity comprise the unexpended balances of donalion8 and grants held on trust subje¢l to specific conditions by donors as to how they may be u8ed. At 1 January 2023 Incoming resources Rèsources expendèd At31 December 2023 1,929 202 14081 1,723 Prevlous year: At 1 January 2022 Incomlng resourcès Resource5 expended At31 Dècember 2022 3,053 240 {1,3641 1,929 18-

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HEIGHAM, NORWICH HOLY TRINITY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestri¢ted funds The unrestricted funds of the charity comprise the unexp&ndèd balances of donations and grants which are not SLJbj6cl lo specific condillons by donors and grantors as to how they may be us6d. These include designated funds which have been set aside out of unrestricted funds by the trusteès for specific purposes. At 1 January 2023 Incomlng resour¢es Resources expended Galns and losse5 At31 December 2023 General funds 711,121 385,599 1424,726) 671,994 Pr8vlous year: At 1 January 2022 Ineoming rèsources Resources expendèd Gain5 and losses At31 December 2022 General funds 758,756 323,550 1400,685} 29,500 711.121 19.

Charlty reglstratlon number 1132477 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HEIGHAM, NORWICH HOLY TRINITY CHURCH ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HEIGHAM, NORWICH HOLY TRINITY CHURCH LEGAL AND ADMINISTRATIVE INFORMATION Trusteè$ Mr Philip Courtier Dr Thomas Gray Dr Antony Smith Mr Jason Wllson Mr Jonathan M8son Mr Paul Henéry Ms NM Russell Ms M Jowitt Ms A Hillman Ms CF Verdon-smilh Rev Alastair Gledhill Matthew Stevenson Noah Marsh Dwayne Royall Rev Richard James IAppoint8d 2 July 20231 IAppointed 22 May 20231 (Appointed 22 May 20231 (Appointed 22 May 20231 Charlty number 1132477 Prlnclpal address 110A Trinity Street Norwich Norfolk England NR2 2BJ Independent examlnèr Sotos Ghrislophi FCCA Aston Shaw Limited Chartered Cèrtified Acoountants The Union Building, 51-59 Rose LaT)e NO￿lCh Norfolk England NR1 18Y

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HEIGHAM, NORWICH HOLY TRINITY CHURCH CONTENTS Page Independent exarniner's report Slatement ol financial activities Balance sheet Notes lo the financial statements 4-19

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HEIGHAM. NORWICH HOLY TRINITY CHURCH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HEIGHAM, NORWICH l ￿POrt to tbe tnjstees on my examinalJn of the finaniyal ststsrn￿ts of The PariKhral Church Counal of tt)e Ecclesiastical Parish of Heigham. lthe Ch&ityl forthe year ended 31 Decernber 2023. Responslbllltles and basis ol report A5 the trustees of the Charity you are responsible for the ￿parats)n of the financial ststements in accordance wth the reqU1￿ments of the Charities Act 2011 {the 2011 Arll. I report in rèspect of rny examination of the Cha¥tty's finanual ststements Carried out under section 145 of the 2011 Act. In carrying out my eXaMinat￿n I have fdlowed all the app￿Cab[e Directions gNen by the Charity Commission under section 145(5llbl of the 2011 ACL IndÈpÈndÈnt ÈX2minerfs statement Since the Charity's gr055 incorne exceeded £250,000 ￿Jr examiner must be a member ol a bc¥Jy fisted in section 145 of the 2011 Act I confirm that l am quaified to undertake the examina(K)n because l am a m8rnt￿r of ACCA . which is on8 of thè Itstèd bodies. Your aitentron 15 drawn to the fact that the charity bas p￿pared finanoal stslements in accordance Accounting and Reporting by Charities preparing their accoJnts in accordan￿ wth the Fillanoal Rewrting Standard applirable in the UK anij Republic of I￿land IFRS 1021 in prefe￿nce to Ihe Accountillg and Reporting by Charibes-. Statement of RecommerKled Practice issue(5 on 1 AW 2005 whth i8 lefer￿d to in the extant regulats.ons bul has now been thdrawn. understand that this ha5 been done in order for finanoa 51aternents to prowde a true and fair view in accordan witt) GeneiallyAccepled A¢counDry Practice effective for rep<Yl&ng pericJs beginning on or after 1 January 2015. I have compleied my exarnin8tion. l ￿￿firrn that no rnatters have come to my attenlion in ￿Thnection wtth the examination gwing me cause to believe that in any tnateiial ￿$[￿¢t accounting records were not kept in respect of the Charity as wuired by section 130 of the 2011 ACL or the financial statements do not a￿rd wth those ￿¢(￿d$.. or the finanoal statements (Jo not CoM￿Y ￿th Ihe applicable ￿Uirerr￿nts con￿ming the form and cont8nt ol accounts set out in Ihe Charities (Accounts and Rerx)rtsl Regulations 2008 other than any requirement that the ac¢ovnts give a true and lair view which is not a matte¥ considered a5 part of an independenl exafflination. I have no conoms and have come across no Olher mattets in conne¢lion wth the exarninalion to which attention should be drawn in thi5 report in order to enable a p¥oper utyjérstanding of the financial statèments to be reached. Sotos Christophi FCCA Aslon Shaw ￿Mit Chartered Certif￿￿ Accounlants The Union Buildin9, 51-59 Rose Lane Norwi Norfolk NRI 1BY England Oateit.. 01105 IoDtQ4-

<0 u> ¢5) * ¢7) 7J Z5 (o o) lx ¢ oi * ro <YJ ty 0£ c y o 0£ o(J c

THE PIIROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HEIGHAM, NORWICH HOLY TRINITY CHURCH BALANCE SHEET AS A T 31 DECEMBER 2023 2023 2022 Notes Fixed assets Tangible a$sets InVeS￿lent properties CBF Church of England DepositAccount 12 13 14 36.418 512.5(M) 42,818 21,373 512.500 42,818 576,691 Current assets Debiors Cash 2t bank and in hand 16 12.892 111.211 12,696 174,519 124.103 187.21S Creditors.. amounts falling Ilue wtthin one year 18 110,1311 118,8851 Net cuffent assets 113.972 168.350 Total assets less current liabilities 705,7a8 745.041 Capital funds EndowmenL fund$- general Income funds Restricted funds Unrestricted funds 20 31.991 31,991 21 1.723 671.994 1,929 711,121 705.708 745.041 Thefin 2É1041gooY tatements were approved by Ihe Truslees on ...................... .. Philip Courtser stee Mr Paul Henery Trustee

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HEIGHAM, NORWICH HOLY TRINITY CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 AccoLsnting policitss Charlty Information The Parochial Church Council of the Ecclesiastical Parish ol Heigham, Norwich is a unincorporated charity. 1.1 Aceounting conventlon The financial ststemenls hav8 be&n prepared in accordanee with the Charity's eonsiitulion, the Charfties Act 2011, FRS 102 The Financial Reporting Standard applicable in the UK and Republic ol Ireland" l°FRS 102.1 and the Charities SORP 'Accounting and Reporting by Charities.. Statement of Recommended Practico 8ppIic8ble to charities prèparing their accounts in accordance wilh the Financial Rèporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191. The Charity Is a Public 8ènefil Enlily as defined by FRS 102. The Charity has taken adv8ntage of the provisions in the SORP for charlties not to pr8p8r8 a Stalement of Cash Flows. Thè finaneial slalements have departed from thè Charities (Accounts and Reports) Regulations 2D08 only lo the extent required to provide a true and lair vi8w. This depariure has involved following the Slalemenl ol Recommendéd Practi￿ for chaiilies applying FRS 102 rather than the version ol the Statemenl of Recommended Practice which is referred lo in the Regul81ions bLJt which h85 since been withdrawn. The financial statements are prepared in sterling, which is the functional currency of the Charly. Monetary amounts in these financial slalements are rounded lo the nèarest £. The flnan¢lal staternents have been prepared under the historical cost convention, modlfied lo include the revaluation of freehold properties and to include invèstment properties and certain financial ingtrumants at lair value. The princlpal accounting policies adopted are sel out below. 1.2 Going toncèrn At the time of approving the financial stalemonts, the trustees have a reasonable expectation that the Charily has adequate resources to continue in operational existence for the foreseeable lulure. Thus the trustees conlinue lo adopt th6 going concèrn basis of accounting in preparing the linan¢ial statements. 1.3 Charltable funds Unreslricled funds arè those funds that ar6 held lor spending Èt the PCC'S discretion. These include any further funds. which the PCC has designated lor particular purposès I'designaled funds l. Unrestricted funds compiis&:

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HEIGHAM, NORWICH HOLY TRINITY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEIWBER 2023 Accounting pollcltrs (Continued} General funds Funds tsf the PCC that are not subject lo any restrictions regarding their use and are available for application for the gener31 purposes ol th8 PCC. Tangible flxed assets reserve Fundg sgl-aside by decisloft of the PCC to rèllÉcl monies tied-up in tangible fixed assets and hence not readily expendsble wilhoul disposal of the ￿levant asgets. Investment properly reserve Funds set-aside by decision of the PCC to reflect monies liÈd-up in the investment property and hence not rèadily expendable wilhoul disposal ol the investment proparty. Training fund Funds set-aside by declsion of the PCC in 2018 to cover the costs over 3 years of training a Children's Worker. The money remaining in this fund alter the two Youth and Children's Workers completed their training was de-designaled by the PCC in 2022. Fabric fund Funds sel-asidè by decision of the PCC in 2018 to cover the costs of any one-off or cuasional building or furnishing projeds Idesignation clartflod by PCC in 20191. Jenny Lind project fund Funds sèl-aside by decision ol the PCC in 2018 to cover the Costs of progressing our ministry in the North East tsf the parish (Jenny Lind and Vauxhall Street 8ro81, iricluding the ¢mployment ol staff who wll support this min15try (designation clarified by PCC in 20191. In 2021 the PCC'S strategy for progressing this Ministry was developed.. this is now integral to the church's overall parish outreach which is funded from Ihe general funds and no olear plan had em&rged from the strategy for how the Jenny Lind fun¢J would be used within its existing designation. The PCC IherBforg 8pproved the de-de8ignation of the Jenny Lind fund and the rem8ining funds were transferred lo the general funds in 2021. Ongoing ministry in the Ntsrlh East of the parish will be funded from general funds. The dontsr who had initially provided th funds was consulted and supr4)rted this decision. Restrictèd funds are thos8 that are subject to specifl¢ trusts. For the purposes of these accounls. the funds held under this heading are the 'incom& funds" i.e. they must be spent on the specified purposèlsl within a r@asonable period ol Ilmè. Any balance remainlng unspent at the end ol each year must be eairied forward as a b818nce on that fund, The PCC doès not usually invest sèparately for each fund. Where there is no separate investment. interest is apportioned lo individual fund5 on an average ba18nce basis. Reslricled 'income funds comprise.. Hardship Fund Donab'ons for the Hardship Fvnd were collected dunng 2020 lor the support ol individuals and families wilhin our congregation or community who are in severe hardship. Endowment funds are funds. the capital of which musl bÈ maintained., only ineome arising from investment of the endowment may be used either as reslrieted or unreslri¢led funds depending upon the purposè lor which the andowmenl was established. Endowment funds comprise.. Br2nsby LegacyAn endowment wilh interest earmarked for costs of yOLfth work. The assets of the legacy are held on deposit within the CBF Church of England Deposit Fund.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HEIGHAM, NORWICH HOLYTRINITY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policie5 (Continued) 1.4 Income Income is recognised when th6 Charity is legally entitled to it after any perforrnance conditions have been met, the amounts can be measurèd reliably, and il is probable that income will be received. Cash donations are recDgTrised on receipl. Other donalions are recognised once the Charity has bèen notified of the donation, unless performance conditions require deferral ol the amount. Income tax recoverable in rèlation to donations received under GiftAid or deeds ol covenant is recognised al the time ol the donation. Legacles are recognised on receipt or olheTwise if the Charity has been notified ol an impending dislribulion. the amount is known. and receipt is expected. If the amour)l is not known, the legacy is treated as a eontingenl asset. Planned giving receivable under Gift Ald Is recognlsed only when received. 5n¢ome tax recoverable on GIft￿d Llonatlons is recognised when the incotvts lo whlch il relates is r8cèived. 1.5 Expèndlture Expenditure is recognised once there is a legal or conslruclive obligation to transfer economic benefit to 8 third party, it Is probable that a Iransfer of economic benefit5 will be required in selllement, and the amount of the obligatic)n can be me8surèd reliably. Expenditure is dasslfied by acllvily. The eosts of each activity arè made up ol the total ol direct costs and shared cos15. including support costs Invo￿ed in undertaking each aclivily. Direct costs attributable to a single activity are allocated dirètlly lo that activity. Sh8rÈd costs which ¢ontribute lo more than one activity and support costs which are not atlribulable lo a single 8Ctivity are apporiioned between those activities trn a basls consislenl with the use ol resources. Central staff costs are allocated on the basls ol time spent. and depreciation charges are allocated on thè rK)rtion of the asset's use. GT8nts and donations are aceounted lor when paid over. or when awarded, If thBt award creates a blnding obligation on the PCC. The diocesan parish share is accounted lor when paid. Because il is not a legal liability, any parfsh share unpaid at 31 December is not PTovided in these financlal statements except lo tha extent that the PCC has resolved lo pay the shortfall. All other exp8nditure is generally re¢ognised when il is inourred and is accounted for gross. 1.6 Tangiblè fixed assets T8ngible fixed assets are inilially measured at cost and subsequently measured at cost or valuatlon, net of depreciation and any impairment losses. Depreciation is recognised 50 as to write off the cost or valuation of assets less thelr residual values over tholr useful lives on the follo￿￿￿￿ bases.. Freehold imprtsv8menls Other office equlpment 1 Oyo Straight Linè 25Yo Straight Line The gain or loss arising on the disposal of an asset is dtsl&rmlned as the difference betwe8n the sale proceeds and the ￿arryIng value ol the asset, and is recognised in the statement ol financial aclivilies. 1.7 Investment propertles Investment properties for which fèir value can be rneasurÉd rè15ably without undue cost or effort are measured at fair valuè at each reporting dale with changes in fair value recognised in 'nel gains I Ilossesl on inveslmenls, in th8 SOFA.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HEIGHAM, NORWICH HOLY TRINITY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting polici95 Icontlnued 1.8 Impairment of fixed asstrts At each reporting end dale, the Charily reviews thè ¢ariying amounts ol its tangible assets to detérmine whethèr there is any indication that those assets have suffered an impairmenl loss. If any su¢h indication exists, the recoverable 8mounl ol the asset Is estimated in order to determine the extènt ol Ihe impairrnenl loss lil anyl. 1.9 Cash and cash èquiv?lents Cash and cash equivalents incjude cash in hand, deposits held at call with banks, other short-lemi liquid investments with original malurilies ol three months or less, and bank overdrafts. Bank c)verdrafls are shown within borrowings in current liabilities. 1.10 Financlal Instruments Th8 Charily has elettgd lo apply the proilsions of Section 11 '8asl¢ Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all ol ils financial instruments. Financial instruments are reeognised in the Charity's ba18n￿ sheet when the Charity becomes party to the contr8¢tual provisions of the instrurnenl. Financial assets and liabilities are offset, with the nel amounts prosented in the finandal stslernents, when there is a legally enforceable right to sèt off the recognised amounts and therè is an intention lo settle on a nat basis or lo realise the asset and setue ihe liability simultaneousty. BaslG flnanclal assèts Basio financial assets, which include debtors 8nd Cash and bank balances, are initially measured al transaction price including transacllon costs 8nd are subsequently ¢arrled al amortised cost using the effective interest method unless the arrang&m8nt conslilules a linan¢lng Iransaction, where the transaction is measured at th8 present value ol the future receipts discounted al a market rate of intergst. Finanaal assets classified as receivable wlthin onè year are not amortlsed. Baslc financlal Ilabllltles Basic financial Iiabililies. including crèditors and bank loans are initially recognised at Iran$aclion price unless the arrangement constitutes a financing Iran5aclion, where the debt instrument is measured al the present value ol the future payments discounted al a market rate of InleTesl. Financial liabilille5 Glassified as payable within one year are not amortlsed. Debt instruments arè subsequently carried èl amortised cost, using thè èffg¢live interest rale mèthod. Trade creditors are obligations lo pay lor g￿d5 or services ihat have been acquired in Ihe ordln8ry course of Dperalions from suppliers. Amtsunts payable are classified as eurrenl liabilities il paymenl is due wilhin one year or lèss. If not, they are pres&nled as non-current liabilities. Trade creditors are recognised initially at transaction PTice and subsequently measured at amortisgd cost using the effoclive interest method. D&racogniliDn of financlal Ilabllltlès Financial liabllSd8s ale derecognised when thè Charlty's contractual obligalrons expire or are disch8rged or cancelled. 1.11 Employee beneflls The cost ol any unused holiday entlt16mtrnl is recognised in the period in which the employèe's services are received. Termination benefits are recogni5ed immediately 88 an expense when the Charity is demonstrably eommitted to lerminale the employment of an empk)yeè or lo provide lerminalion bènèfits.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HEIGHAM, NORWICH HOLY TRINITY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEIWBER 2023 Accounting policies (Continued} 1.12 Retirement benelils The charity offers membership of a defined contribution penslon scheme to its employees. Contributions payable are charged in the Statement ol Financial Activities in the period to which they relate. Thè charity has no responsibility lor the management of the pension scheme. which is provided by a third party. 1.13 Volunteer Activities A large amount of activities run by the church are staffed by volunleers who give ol their tlme and resources. This help is unquantifiable bul without it the church could not ¢ontinue to pursue its work. Donatlons and legacies Unrestrlcted Rostricted funds funds Total Unreslricled funds Restricted funds Total 2023 2023 2023 2022 2022 2022 Giving - standing orders Giving Sunday collections Giving other planned Giving other Income lax reGoverable IGiftAidl Grants 262,528 262,528 231,701 231,701 2,887 19,078 19,884 2,887 19,078 20,076 2,344 10,678 8,059 2,344 10,678 8,281 192 222 54,172 13,347 10 54,182 13.347 50,891 5,555 18 50,909 5,555 371,896 202 372,098 309,226 240 309,468 In¢ome from ¢harltable activities UnTèStrlcted funds 2023 Uftrèstrlcted funds 2022 Wedding & funeral lees Church & hall hire Other r8ceipts 1,107 3,388 2,626 1,160 2,230 1,489 7.121 4.879

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HEIGHAM, NORWICH HOLY TRINITY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Income from investments Unrestricted Endowm•nt funds funds 2023 2023 Total Unrèslrlcted Endowment funds funds 2022 2022 Total 2023 2022 Rental incorne126 Trinity Street) Interest received 5,400 1,182 5,400 2,820 9,200 243 9,200 456 1,638 213 Other trading ac￿VItieS 6,582 1,638 8,220 9,443 213 9,656

o ts) rn o rt¢O Ln ¢P ir) r O fo 0> (ci o rci ) ¢D 0> P) CS1 CN r O (O V o w) O CQ ¢ to r Lri * N o if) P> i* r io (Y)- (o cy U>0> (O r O trJ in I (fj (ry ID r ln * ￿ o Ir> ct> in ¢S)- IiiJ-11

to ¢¢

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HEIGHAM, NORWICH HOLY TRINITY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2023 Mission grants 2023 2022 Mission grants- individual partners 30,230 25,272 Mission grants- agencies 9.010 11,600 39,240 36.872 Othèr Total Unreslrlct funds 2023 2022 Net loss on disposal ol tangible fixed assets 115 115 Diocesan Parish Share The parfsh share alSocatÉd to the PCC lor 2023 was £90,00012022 £9D,0001. This rèfleets the overall cost of clergy wthin the Diocese and a method of allocation based upon two elements, the actual cost of ministry Athin a benefice (which for Holy Trlnily equates lo the parish) and a contributK)n to the cost of rnlssion and ministry across the Dioeese. In 2023 the PCC paid its full £90,000 parish share 12022 paid £90,000 in full). The Diocese has agreed lo request a paiish share at thè same level as tral pald in 2023 1£90,0001 lor the year ending 31 De￿mber 2024. Employees The average monthly number ol employees during the yeor was.. 2023 Number 2022 Number Church activities Management ar)d 8dminSstrBtion Total 12

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HEIGHAM, NORWICH HOLY TRINITY CHURCH NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Employees Ictsntinuedl Employment co$ts 2023 2022 Wages and salaries Other pensltsn costs 150,140 6,351 130,427 5,062 156.491 135,489 During the year the PCC employed the following staff.. Iwo tninistry assistants (both leftAugusll, one ministry 8SSlStarFt lappoinled August), (wo youth and ehildren's wo>rkers, a part-time cle8ner lone left June and one appointed November), a church administrator, a part-lime administrator IleftAprill, a part-lime financè administrator lapptrinled March). a part-tlme organist and a part-llme parish mission enabler. PCC Mèmbers and Related Parties There was no remuneration or other benefits paid lo PCC members in (heir cap8¢ily as members for the year énded 31st December 2023 nor Icir the year ended 31st December 2022. During the year the following diselosable transactions occurred in respect of PCC membèis, persons closely connected lo them or other relaled parties.. A salary was paid lo two PCC membtsrs or related parties during the year to 31st Decemb61 2023.. Mr D Appleton IPCC treasurer), adminislralor.. £2,29012022.. £8,221) Miss A Hillman IPCC member from May 20221, ministry assistanl.. £14,29512022.. £20.3721', and Part-time adrninistrator £258 Mrs C J8mes Iwife ol PCC chairl, parish mission enabler.. £9,90012022 £9,514) In connection ￿th the activities ol the Church. PCC members were relmburso(1 Sncidenlal expenses incurred in the Ggurse of the year. There were no ernployees whosè annual remuneration was more than £60,000. 10 Independent Examlner'8 Remuneratlon The Independent examiners remuneration amounts to an independent examination f06 of £1,716 12022 £1.7161 and payroll services of £83512022 £9961. the latter of which are included within 'P8yroll and HR Support.. 11 Taxation The charity is exempt from tsx8tion on its activities be¢ause all its income is applied lor charitable purposes. 13

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HEIGHAM. NORWICH HOLY TRINITY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 12 Tangible fixed assets Freèhold ot￿r offlco Imptov6m8nt$ equlpment Total Cost Al 1 JanLJary 2023 Additions Disposals 61,125 96.777 39,039 16,3501 157,902 39.039 16,3501 Al 31 Deeember 2023 61,125 129,466 190,591 Depreclatlon and Impalrmfrnt At 1 January 2023 Depreciation charged in the year Eliminated in respect ol disposals 59.134 1,987 77,395 22,007 16,3501 136,529 23.994 16,350) Al 31 December 2023 61,121 93,052 154,173 Corrying amount At 31 De￿rnber 2023 36,414 36.418 At 31 t)ecember 2022 1.991 19,382 21,373 13 Investment property 2023 Falr vèlue Al 1 January 2023 and 31 December 2023 512.500 In D8eember 2022, the investment property, being the hoLJse al 26 Trinity Straet, was formally valued by a local agency lo be approximately £500,000- £525,000. With this in mind, members ol the PCC 2pproved a valuation lor this property ol £512,500 as 81 December 2022. The nel book value of the investment pioperly is atlribulable lo the investment fund. 2023 2022 Freehold Property 512.SOO 512.500 512,500 512,500 14-

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HEIGHAM, NORWICH HOLY TRINITY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 14 CBF Church of England Dèposit Fund At 1 January 2023 and at 31 Decembèr 2023 42,818 Funds held on deptssit include amounts attributable to the Bransby Legary. 15 Movement in unrestricted funds Tangiblè fixed assels reservelgèneral funds and Fabric Fund- transfer to mateh thè net valu& lied up in tangible fixed assets F8biic Fund Ichairs and screen) General funds 274 14,771 115.0451 Net Tolal 16 Debtors 2023 2022 Amounts falling due wlthln one year: Income tax r6covÈrable on Gift Aid donations Other debtors Prepayments and accrued income 5.392 374 7,126 5,721 205 6,770 12.892 12,696 15-

In ￿1 111- ￿l_ (J C

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HEIGHAM, NORWICH HOLY TRINITY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 18 Credltors: amounts falling due within one year 2023 2022 Other creditors 10,131 18,865 19 Glven to Mission and Socral Action for the Parochial Church Council of Holy Trinlty Church for the yèar ended 31 D&c•mbèr 2023 Total 2023 Total 2022 Individuals: SIM - Penny Bakewell WEC- Colin Bearup 5tewardship- Rachel Spencer UCCF- Rosie O'Donnell MAF- Nathanael Smith UCCF- Charmyn Ng Friends Int'l - Raquel MÈdina 4.675 9,324 5,886 4,509 2,236 4,349 8,673 5,475 4,195 2,080 soo 3,600 30.230 25,272 National Agencles., CPAS Friends International UCCF i.ioo I,ioo I,ioo 600 2,800 600 1,700 Local Organisations: English + Magdalen Project Norwich YoLJth for Christ UEA Christian Union CPAS Venture Boundary Breakers Ltd 3,500 I,ioo I,ioo 850 560 200 7,310 6,000 I,ioo I,ioo 600 8,800 Total 39.240 36,872 17-

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HEIGHAM, NORWICH HOLYTRINITY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 20 Endowment funds Endowment funds represent assets whieh must be held permanently by the Charity. Income arising on thè endowment funds can be Ljsed in accordance with the objects of the Charity and is included as unreslricled income. Any capital gains or losses arising on the assets form part of the fund. At 1 January 2023 Incoming resources Rèsources expended At31 December 2023 Permanent endowmants 31.991 1,638 11.6381 31.991 Previous year: At 1 January 2022 Incomlng resourcès Resour¢es expended At31 DèeÈmber 2022 Pèrmanent endowments 31,991 213 12131 31,991 21 Restrl¢t¢d funds The reslricled funds ol the charity comprise the unexpended balances of donalion8 and grants held on trust subje¢l to specific conditions by donors as to how they may be u8ed. At 1 January 2023 Incoming resources Rèsources expendèd At31 December 2023 1,929 202 14081 1,723 Prevlous year: At 1 January 2022 Incomlng resourcès Resource5 expended At31 Dècember 2022 3,053 240 {1,3641 1,929 18-

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HEIGHAM, NORWICH HOLY TRINITY CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestri¢ted funds The unrestricted funds of the charity comprise the unexp&ndèd balances of donations and grants which are not SLJbj6cl lo specific condillons by donors and grantors as to how they may be us6d. These include designated funds which have been set aside out of unrestricted funds by the trusteès for specific purposes. At 1 January 2023 Incomlng resour¢es Resources expended Galns and losse5 At31 December 2023 General funds 711,121 385,599 1424,726) 671,994 Pr8vlous year: At 1 January 2022 Ineoming rèsources Resources expendèd Gain5 and losses At31 December 2022 General funds 758,756 323,550 1400,685} 29,500 711.121 19.