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

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## **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. 

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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<br>in October 2023<br>(adults)|Usual Sunday<br>attendance over 2023<br>(adults)|Average attendance<br>in October 2022<br>(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: 

- To confer on all matters relating to the life, ministry, worship, service, evangelism and buildings of the church. 

- To collaborate with the Rector in taking forward the strategy and mission of the Church (within the PCC’s statutory powers). 

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: 

- Supported “come and serve”, aimed at teaching Christian service in the body of Christ and the identification and nurture of service by every church member following the sending of a church graft with James and Anna Pinto in October 2022 

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- Undertaken a review of our finances in light of income falling behind expenditure, introducing certain cost-saving measures and giving teaching on financial stewardship alongside an appeal in May, which saw a generous response from congregation members as the year unfolded 

- Encouraged the continuation of the termly Welcome Course to help newcomers joining in person (and sometimes initially online) to become familiar with and committed to the church gospel vision and ministry 

- Recognised the value of small groups for pastoring members of the church 

- Kept the Word of God central to our faith and life as a church through sermon series on a variety of Bible books and topics, with small group teaching alongside 

- Reviewed our outreach to our parish and supported the work of a team undertaking door-to-door visiting, our new afterschool and youth club, and a fortnightly Parish Outreach Prayer Meeting 

- Welcomed Alastair Gledhill as Curate in the summer to serve and train in ordained ministry among us, overseeing small groups and leader training alongside other general pastoral and discipleship ministry 

- Supported the recruitment of staff to encourage and undertake disciple making and practical ministry with training, appointing Gabi Elwell to continue the work of Ministry Assistant upon the departure of Alex Hillman and Charmyn Ng from the role 

- Continued to seek to ensure that pastoral care is given to those made isolated by long-term sickness or frailty, bereavement and loss (including a special service) 

- Maintained a “hardship fund” to support individuals and families in need 

- Held a successful third Leaders Day in September providing encouragement and training for those who serve and teach the Bible in many roles at Holy Trinity 

- Introduced a successful “Church Lunch” which is hoped will be termly in order to build community, and to encourage a culture of hospitality at home as well 

- Continued to encourage all to attend Prayer Focus monthly alongside our other opportunities to pray together on Sundays and midweek 

- Continued to oversee our Holy Trinity YouTube Channel which carries our online services beneficial to those exploring faith and church, the housebound and others unable to attend in person 

- Supported the delivery of pastoral gifts and cards at Christmas to all members who are isolated or facing especial losses or trials for any reason 

- Supported consultation with other Anglican evangelical churches on topics such as human sexuality and evangelism 

- Offered teaching and consulted small groups and members on the Bible’s teaching on sexuality and marriage in light of the wider discussions ongoing in the Church of England 

- Supported the promotion of a recommended book in each season as resources for personal discipleship 

- Continued to support the Norfolk Gospel Partnership (NGP) with the aim of seeing a Christ-centred, Bible teaching and welcoming church in every community in Norfolk 

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- Hosted and facilitated the Crosslands Bible training course and other occasional events such as music ministry training at Holy Trinity as part of the NGP’s vision for training disciples 

- Continued the vision for making disciples through 1:1 Bible reading and committed to leading by example in this and in personal evangelism 

- Offered the Hope Explored Course in conjunction with Christianity Explored, giving seekers and new members a place to hear the gospel, ask questions, and be integrated into the church family 

- Noted the importance of Easter and Christmas as seasons in which we can invite our parishioners and other guests to services, with many guests attending online and in person 

- Supported the successful August Holiday Club reaching out to local children, free at the point of access, and funded largely by voluntary contributions from church members 

- Enabled the continuation of youth outreach through our weekly afterschool club and youth club for teenagers 

- Accepted the invitation from Bignold School to conduct a weekly assembly in addition to the ongoing visits there of our Open The Book team, and welcome classes from the school for visits to our church building 

- Continued to support work discipling asylum seekers and internationals as a ministry of the church 

- Supported and promoted ministries with local outreach such as Community Lunch, Noah’s Boat, Tea, Chat and Praise, and also a weekly Wednesday Lunch during the winter months 

- A monthly mission partner prayer meeting continues, and a mission partner features in person at each Prayer Focus 

## **Our staff** 

During the year the PCC has: 

- Continued to employ Lucy Cross and Gareth Evans as Youth and Children’s Workers, and Rosalyn Anderson as Church with Dave Appleton stepping down as part-time Administrator in April, to be replaced by Loretta Choy 

- Continued to employ Richard Cockaday as part-time Organist 

- Employed Alex Hillman and Charmyn Ng as Ministry Assistants, then replacing only one role to save expenditure at the end of August, employing Gabi Elwell 

- Continued to employ Carole James as part-time Parish Mission Enabler 

- Employed Mel Kemp as part-time Facilities Assistant until May, and Sarah Zampedri as part-time Cleaner from November 

- Continued to review and update the pay, contracts and employment policies for all employed staff 

## **Finance** 

During the year the PCC: 

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- Monitored our cash flow, income and expenditure regularly through the year. 

- Managed the payment of mission grants, day to day expenditure and unique activities and their cost and where relevant, cash collection. 

- Performed a full cash audit of all unbanked liquid assets. 

- Approved the financial statements for 2023. 

- Considered and agreed the budget for 2024. 

## **Other matters** 

During the year the PCC has: 

- Updated the Safe Haven Safeguarding Policy in line with recommendations from the Diocese and took steps to bring our own procedures for the safeguarding of children and young people in line with that policy. 

- Received reports from our Fabric Group and Mission Action Group. Each group usually comprises an appropriate mixture of PCC and non-PCC members, to be responsible to the PCC for its relevant sphere of activity. 

- Received regular reports from the Treasurer and the Staff Team 

- Given time to pray about and consider our strategic direction. 

## **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** 

- Enable whoever comes to grow in faith and play their part in the body of Christ 

- Establish “Sunday Lunch” events regularly and grow a culture of hospitality 

## **RAISE AND RESOURCE DISCIPLES** 

- Increase the profile and number of “small groups” and the number attending 

- Increase the proportion of those members who attend both midweek families/youth/children’s groups and Sunday services and groups 

- Introduce a pastoral care training course and enlarge our pastoral support team 

## **REACH OUR COMMUNITY, CITY AND WORLD** 

- Include opportunities for evangelism training in all our activities 

- Communicate our opportunities for church-based outreach through the year 

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- Engage with more “neighbours” in our parish through door-to-door visits 

- Increase the profile of intercultural world mission within all aspects of the life of our church 

## **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: 

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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: 

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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 

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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: 

- Three months’ budgeted expenditure in 2022 amounted to about £109,000; 

- Delaying paying three months’ Parish Share would temporarily free up £22,500; 

- PCC holds a Fabric Fund (£91,000 at the start of 2023) and this fund will help to absorb any major fluctuations in buildings expenditure. 

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. 

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## **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. 

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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: 

- Refurbishment of existing bathroom – July 2023 

- Damaged wall at end of garden rebuilt (November 2023) 

- Damp issues rectified (March 2024) 

- New garden shed (6ft x 4ft) to be installed at bottom of garden, to replace existing shed 

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 

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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. 

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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 

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## **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: 

- Margie Jowitt 

- Noah Marsh 

- Matthew Stevenson 

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. 

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Richard introduced the candidates: 

- Jason Wilson 

- Peter Bussey 

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 

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

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

2. Loving each other 

   - 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. 

   - 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. 

   - 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. 

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3. Go and bear fruit 

   - 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. 

   - 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. 

   - 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. 

   - 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. 

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## **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: 

- the Costessey graft and the work there that has been enabled 

- changes to our staff team 

- the growing network of formal and informal pastoral care 

- the encouragement of seeing the Church congregation growing and the blessing of welcoming our growing international congregation 

- the Life22 mission last year, including hosting Rico Tice 

- the way that opportunities had been opening up and growing in the parish, including community lunch, warm lunch, Noah’s Boat, after school clubs, door-to-door, and work at Bignold school 

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. 

9. 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: 

- The new PCC would be meeting for the first time on the following day and a photo will be taken and displayed in the meeting place so that everyone knows who is on PCC and can ask them questions as required. 

- Following the question about the negative impression of charging for entry to community events, in principle these are now free of charge at the point of access. 

- Expenditure on books has been reviewed and reduced. The next “cost” covers books and leaflets given away as part of outreach or welcome work. 

- We have started the introduction of annual appraisals as well as weekly management meetings with all staff 

## **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: 

- The staff team 

- Volunteers 

- Wardens 

- PCC 

- Louise Cumberland standing down as PCC secretary and Gill Hulme as she takes on that role 

- Dave Appleton, standing down from his role as treasurer 

- Carole James 

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 examinal*Jn 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 peric*Js 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>
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7J
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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 examinal*Jn 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 peric*Js 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.