THE CHURCH OF ST. PETER MANCROFT
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Registered Charity Number 1134653
.t)

THE CHURCH OF ST. PETER MANCROFT
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Contents
Pag•
Report of the Parochial Church Councll
Auditorfs report
8-10
Slat8m¢nl of Financial A¢livitK*s
Balance Sheet
12
Stslement of Cash flows
13
Notes lo Ihg Financial Statements
14-31

THE CHURCH OF ST. PETER MANCROFT
REPORT OF THE PAROCHIAL CHURCH COUNCIL
FOR THE YEAR ENDED 31 DECEMBER 2022
The Parochial Church Council IPCC} presents ils arsnual report and the audited financial statements of the
Church for the year ended 31 December 2022.
The financial slalemonts have been prepared in accordance with the accounting policies sel out in notes to
the accounts and comply with the chaTity's governirbg do¢umenl. the Church Accounting Regulations 2006
and Accounting and Reports'ng by Charities.. Slalamenl of Recommended Practice applicable to charities
preparing their accounts in accordance with the thè Financial Reporting Standard applicable in the UK and
Republic of Ireland issued in October 2019, the Charities Act 2011 and UK Generally Accepted Accounting
Practice.
Reference and admlnlstrallve inforniation
Roglstored charfty name
The Parochial Church Council of the Ecclesiastic31 Parish of St.
Peter Mancroft with St John Maddermarkel. Norwich
Other names
Sl. Peter Mancroft PCC. No￿l¢h
Charlty number
1134653
E¢¢l•sia$ti¢al parish {Beneficel
Sl. Peter Mancroft with Sl. John Maddermarkel, Norwich
Church address
Hay Hill
Norwich
CorKo$pondon¢• addr•ss
Church Office
The Chantry
Norwich
NR2 1QZ
Incumbent
The Revd Canon Edward Carter
37 Unlhank Road
Norwich
NR2 2PB
A¥soclato Prlest
The Revd Dr Fiona Haworth
Assistant Priest
The Rèvd Dr Loma Allies luntil 2 January 20221
Curntt
The Revd Naomi Tuma Ifrom 26 June 2022}
Ll¢•nsod R•ad•rs
Gill Perslcke
Catherine Waddams (from 7 August 20221
Churchwardens
Peter Threadkell
Helena Carr
Elected Mom￿r¥
Sue Dartnell
Stephanie Grant (Secretary unts'l 12 May 20221
Julian Haggett
Dr Emma Harrold (Secretary from 12 May 20221
L8onard Hobson (from 12 May 20221
James Hughes (from 12 May 20221
Fran Jackson
Gillian Knox
Geoffrey Load8s CBE ITreasur8rl
Janet Steele
Anne Tansley-Thomas
Richard Wilson (Chair Asset Management Committee)

THE CHURCH OF ST. PETER MANCROFr
REPORT OF THE PAROCHIAL CHURCH COUNCIL (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Reference and admlnlstrative information (continued)
Elected Membors Icontinuedl
Geoffrey Woolsey-Brown
Fabric Officer
Nick Jackson
Representatlv•$ on NoThvl¢h
Ea¥t Deanery
Geoffrey Loade5
Geoffrey Woolsey-Brown
Janel Steele
Bankers
Barclays Bank PLC
Sl Stèphens Branch
517 Red LK>n Street
Norwich
NR3 3QH
CAF Bank Ltd
25 King's Hill Avenue
King's Hill
Wesl Malling
Kent
ME19 4JQ
Sollcltors
Howes Per¢ival
Flint Buildings
1 Bedding Lane
Norwich
NR3 1RG
Chartered surYoyoYs and valueTS
Arnolds Keys
2 Prince of Wales Road
Norwich
NR1 1LB
Architects
Ms Ruth Blackman
Birdsall, Swash and Blackman
High House Farm
Beeslon - nexl- Mileham
Kings Lynn
PE32 2NF
Investment advlsers
Barratt & Cooke
516 Opie Street
Norwi¢h
NR13DW
Reglstered audltor
Lovewell Blak8 LLP
Bankside 300
Peachman Way
Broadland Business Park
Norwich
Norfolk
NR7 OL8

THE CHURCH OF ST. PETER MANCROFT
REPORT OF THE PAROCHIAL CHURCH COUNCIL (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Aim and purposos
The primary object of the PCC Is the promotion of Ihe Gospel of our Lord Jesus Chrlst ac¢ording lo thg doclrin&s
and practsces of the Church of England. The PCC is ￿quired to Cl>OPgrate with the minister in promoting in the
parish the whole mi?sion of the Church. pastoral. evangelistic, social and gcumenical.
Objèctives and actlvltlès
Publlc Beneflt
The PCC is 8warg of the Charity Commission guidance on public benofil. 11 is also aware of tho suppl6menlary
guidance ralating lo religious charities.
The PCC promotes the whole mission of the Church through the following aclivilles - regular public worship open
lo all,. the provision of sacred space for peisonal prayer anil contgmplalion., pastoral work, including visiting th
sick and Ihg bgr8av8d'. 18aching of Christianity through sermons, ¢OLJrses and small groups.. promotion of
Chiislianity through th8 staging of events and meetings, and the dislribulion of li18raluro', promotion of the whole
mission of the Church through activities for senior citizens, parents and toddlers and other special need groups..
supporting other charilles In the UK and overseas- promotion of an interest in music through concerts and rocilals.
the training of Choristers and organ scholars- and the provision of Christian hospitality. refreshment and In"endship
lo visitors. enquirers and othgrs.
Achievements and perfomiance
Electoral Roll
There were 109 people on the Church Electoral Roll as at March 2022 {2021.' 1111.
Rovi8w of the Year
In 2022 St Peter Mancroft Church gradually emerged from the worst effects of the Covid-19 pantl&mic, although
some precautions have remained in place throughout the year. Some things have now changed permanently, for
example the live-streaming of the 10.DOam Sunday service each week. and during the year the chalice was not
shared amongst the congregation al Communion services. Refreshments after the main Sunday service r
started in February. using the O¢t890n.
Highlights of the year have included major concèrts promoted by the Church, 81 wh￿h Sheku K8nneh-Mason
and Isala K8nneh-Mason perfomed respectively. These were both an artistic and a commercial success, and
Tellect the gfowing importance of St PeteT Mancroft as a venue for concerts and events. Olher very significant
moments have been the visit of John 8&11 in February. the Street Passion Play on Eastsr Eve in April, the
c8lebration of th8 aue8n's Platinijm Jubila• in May. thè r8spDnse to the sad death of OuÈen Elizabèth 11 in
Septgmber which included the muffling of the bells for the first tsm8 in 70 years, the return of the Original Norwich
Charity Chrisimas Card Shop in October, 'The Leaves of Ibe Trees. art instsllalion in November, and the Rotary
Christmas Tree Festival in December. All of these moments have seen large numbers of people visiting the
Church building. Alongside these highlights has been the daily commitment to keeping the Church doors open lo
visitors, and the regular pattern of worship on Sundays and in the week, with fine contributions from the church's
musicians and bellringers.
The Ministry Team comprised of the Vicar (Revd Canon Edward Carterl, the As50ciale Priest (Revd Dr Fiona
Haworthl, the Assistant Curate IRevd Naomi Tuma} who arrived in June following her ordination as a dea¢on, two
Lay Readers (Gill Persicke, and Catherine Waddams who was licensed to Mancroft in August), and Jordan Kay
(until July} and George Allin (from September) on the 'Crealing Space for God, ministry experience $cheme.
During 2022 Edwafd Carter also serv8d as Rural Dean of the Norwich East Deanery.

THE CHURCH OF ST. PETER MANCROFr
REPORT OF THE PAROCHIAL CHURCH COUNCIL (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Achlevomonts and porfomianco {¢ontinued)
During 2022 Michael Winter left his post as Communications Officer for a new job in Lowesloft, and Molly
stanners Putland was appointed as his replacement. After Easter the churcth's Director of Music, Jody James,
returned from maternity leav8. her role having been covered by Rob Goodrich during htsr absence.
Of great sadness lo the church this year was the news of the death of Archdeacon lan Bentley al the end of May.
lan had been interim Priest-inwcharge of Sl Peter Mancroft for a year in 2017118.
Flnan¢ial Review
The operational result for 2022 was a deficit of £18.40412021= deficit £280.779 which included major expenditure
on the roof proiectl. This outcome was affected by the S￿nifICant impact upon many costs following the increase
in energy Prices and their knock on effect in other areas of expènditure and probably in collections and donations.
We did have a fixed ￿ntract on electricity but not on gas which meant some of the effect was limited. 2023 will
see the challenges continue although some helpful support lo Parishes is being provided by the Diocese.
The final result bgnefilted from an improv$d surplus on gvenls of over £15,000 and increased hire of the Church
of around £14,000. Undoubltrdly the investment made in improving the East End of the Church combined with the
increased focus on ils use has contributed to its attractiveness for events. The result also benefitted by a
provision brought forward from 2021 for the roof repairs being greater than anticipated and £12,500 being
released.
stewardship income did increase by about 10Vo following the renewal campaign in the Au￿mn of 2021 and this
planned giving continues to be an important factor in supporting our Ministry. Collections and donatlDns together
were al about the same level as 2021 but disappointingly much less than anticipated at the beginning of the year.
The Cost of living will have had an impact in this regard.
There were no particular effects on expenditure other than refeThed lo above. Outward giving did, however,
reduce as the grant made to MAP wes, as planned. lower.
The movernenl on investments in the year was a loss of £47,709 12021.. gains of £69.5761. This added lo our
deficit on operations results in an overall loss for the year of £66,11312021.' loss of £211,203}.
ReseNes although reduced are still at a healthy level bul il is important that we seek ways to strengthen them.
The efforts lo increase income from increased use of our resources and the hoped for reduth'on in inflation should
assbst in this objective.
Grants
Charitsblg Giving includes a notional grant paid to the Norwich Food Bank reflecting their use of the Chantry Hall
twlc& è week. Hire of Chantry Hall includes that notional amount which roughly equates to the income which could
otherwise have been generated. Also included is a grant lo the Mancroft Advice Project which continues the
phasing in of an increase in their rental paid lo the Mission Hall Trust
Inv•stm•ntpoll¢y
The Council seeks lo achieve a balanced return between capital growth and a reasonable retum of income in
excess of inflation. The need lo preserve endowmènt moni8s is recognis8d and the Church of England's ethical
policy on investments is followed as far as possible.

THE CHURCH OF ST. PETER MANCROFr
REPORT OF THE PAROCHIAL CHURCH COUNCIL (CONTINUED>
FOR THE YEAR ENDED 31 DECEMBER 2022
Financial Reviow (continued)
ReseThes poll¢y
The Church aims to ¢over normal expenditu￿ by règular income. On thosg oc¢a$ions incoma dogs not moet
expenditure, the deficit will be drawn from reserves.
Free reseNes al 31 December 2022 were £159,14312021'. £201,873>. These consist ol unrestricted gengral funds,
excluding tangible fixed assets. There are also designated reserves of £48,718 12021: £46.4811 which consist of
monies set aside for specific purposes. Resgrvos are maintained partly lo generate investment income. parUy for
Specific projg¢ts, and partly to provide a contingon¢y fund for emergency use.
Restricted reserves totalled £222,816 {2021.. £217,346) al 31 December 2022.
Prln¢lpal fundlng sources
The PCC'S main sources of income are voluntary income in the form of planned giving {slèwardship). coll8Ctlons,
donations, grants. leg8cles, letting of Ihe building and events and investment income.
Grants received from the Mission Hall Trust la separately wgislered charity) are used lor repa￿ and capitsl works al
the Chanty Hall and Church Offices and lo offset shortfalls in unreslricled income
Grants received from the Vicarage Trust la sepaTalely registered charity) are used to pay ¢lergy expense5 and lo
off-?¢t shortfalls in unrestricted income.
Grants from Aderman John Risebrow's Charity la separalely registered charity and reslricled fijndsl are used to
meet the cost of the work with young people, including musical aclivilies. The PCC nominates fv40 Iruslees lo
serve on the Trust in addition to the incumbent who is ex-officio.
Without these very generous grants, we would be quite unable to maintain Mancroft's musical tradition and the
youth work now being undertaken.
Plan5 for future perlods
Plans for 2023 include continuing to improve wherever feasible our carbon foolprinl. We will also be seeklng
further ways lo develop the use of our buildings through increased lettings and events. Our reserves continue lo
need lo be further strengthened to enable us lo carry out furth8r developments in the Church such as improved
ighting.
Structure, governanco and managoment
Legal Status
The PCC is a corporate body estsblishèd by the Church of England and operates under the Par(thial Church
Council Powers Measure.
The PCC was registered with the Charity Commission on 4 March 2010 with regislration number 1134653. The
Church is classsfied as a charity under thè Places of Worship Registration Act 1855.
Members of the PCC are Trusleas of the Charity.
R￿ruItment and appointment of members of the PCC
Members of the PCC are either ex-officio or elected by the Annual Paroehial Church Meeting IAPCMI in
accordance with Church Represenlallon Rules. In addition. the PCC may also co-opt individuals in accordance
with the aforementioned rules.

THE CHURCH OF ST. PETER MANCROFT
REPORT OF THE PAROCHIAL CHURCH COUNCIL (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Structure. governance and managoment {continuod}
Induction and tralnlng of members of the PCC
New members receive no specific training but are elected or COvOPted on a¢cwnt of Ih8lr knowledge of and
contribution to the work of the Chuich.
Organlsatlonal structure
Th8 PCC m86ts about six to eight times per y8ar and has established a Standing Committe8 8niJ an Asset
Managemant Committee which meet belwgen PCC meetings. Temporary Vvorking Groups meet as and when
required and deal with various aspects of the life of the Church.
Standing Committee
This is the only committ88 requlred by law. Its ststulory members are the Vicar, Churchwardens, and elected
members of the PCC. In the year our Standing Committee has consisted of the Vicar in charge, Churchwardens,
PCC Secretary, PCC Treasurer and the Chairman of the Asset Management Committee. This Committee has the
power to transact urgent business of the PCC between ils meetings. subject lo any directions given by the
Council. It also dea18 With the terms ol engagement of staff.
Assel Management Committee
This commillee is responsible to the PCC for the general oversight of the Church's finances and protberty. 11
monitors the PCC'S income and expenditure, submts an ann￿al budget and annual accounts to the PCC, seeks
advice on the PCC'S investments and insurances. implements the PCC'S policies in respect of the managernonl
of ils properties, authorises all reasonabl8 routino 8xp8nditure within the approv8d budget and monitors and
rèviews the PCC'S risk manag8m8nl policy.
Related Partles
The PCC receives grants from the Mission Hall Trust and the V¢carage Trust. PCC member Geoffrey.L08des is a
Trustee and the Vicar attends meetings of the Vicarage Trust. The Revd Canon Edward Carter. Peter Threadkell
and Helena Carr are TTUStees of the Mission Hall Trust.
The PCC also receives grants from Aldemian John Risebrow's Charity of which PCC members The Revd Canon
Edward Cartgr, Geoffrey.Loades and Catherin8 Waddams are Truslges.
The PCC Charges Mancroft Advice Proje¢l for ils share of a¢¢ommodalion gxpensgs and for additional room hire.
PCC member The Revd Canon E(hvard Carter is a Iruslee of Mancroft Advice Project.
Risk Manag•m•nt
The PCC acknowledges Ihat il is responslble for risk management. The PCC has idenlrfied possible operats'onal,
financial, strategic and external risks which are assessed and reviewed periodically lo enable the appropriate
action to be taken to deal with them.

THE CHURCH OF ST. PETER MANCROFr
REPORT OF THE PAROCHIAL CHURCH COUNCIL (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Parochlal Church Council responsibilities
The PCC members are responsible for preparing the Rew)rt of the Parochial Church Council and the financial
slalements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom
Generally Accepted Accounting Praclicel.
The law applicable lo charities in England and Wales requires the PCC members to prepar8 financial statements
for each financial year which give a Iwfr and fair view of the state of affairs of the PCC and of th8 incoming
TesoLsrces and applI￿110n of resources of the PCC for Ihal p8riod. In preparing these financial slalements, the
PCC members are required to..
selecl suitable accounting policies and then apply them consistently:
observe the methods and principles in the Charities SORP 2019 IFRS 1021.,
make judgerner)ts and estimates that are roasonable and prudent.,
slate whether applicable accounting standards have been foll¢)wed. subj8cI lo any material departures
disclosed and explained in the financial statements,.
prepare the financial stslemonls on the going concern basis unless it is Inappropriatè to presume that
th8 PCC will continue in operation.
The PCC members are responsible for keeping proper accounting records that disclose with reasonable accuracy
at any time the financial position of the PCC and enable them to ensure that the financial slalements Comp￿ with
the Charities Act 2011, the Charities (Accounts and Rtsports} Regulations 2008 and the Church Accounting
Regulations 2006 and the provisions of the PCC measure. They are also responsible for safeguarding the assets
of the PCC and hence for taking r8asonabl8 Steps for the prevention and deleGlion of fraud and othar
Irregularities.
The financial statemgnls have been preparèd lo giv8 a "true and fair" view and we have depart8d from the
Charities (Accounts and Reports) Regulations 2008 only lo the exlenl required to provide a "true and fair view"
This departure has involved the Accounting and Reporting by Charities.. Slalement of Recommended Practi
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in
the UK and Republic of Ireland IFRS1021 issued in O¢tober 2019 rather than the Accounting and Reporting by
Charities- Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Audltor
A ￿$OlUtion proposing that Lovewell Blake LLP be reappointed as auditor of the charity will be pul lo the Annual
Parochial Church meeting.
Thanks
Sl Peter Mancroft would be unable lo carry oul its vibrant role in the heart of the City without our Staff and many
volunteers. We give our warm thanks lo all for Iheii much valued contribution.
On behalf of the Parochial Church Council
Revd Canon Edward Carter
Dat8..

THE CHURCH OF ST. PETER MANCROFr
INDEPENDENT AUDITOR'S REPORT TO THE PCC MEMBERS OF THE PAROCHIAL CHURCH
OUNCIL OF THE CHURCH OF ST. PETER MANCROFr
YEAR ENDED 31 DECEMBER 2022
Oplnlon
We have audited the financial statements of the Church of Sl Peter Mancroft for the year ended 31 December
2022, which cornprists the Slalement of Financial Aclivilies, the Balance Sheet, the statement of Cash flows and
notes lo the financial statements, including signrficant accounting policies. The financial feporting framework
that has been applied in their prèparation is applicable law and United Kingdom Accounting Standards,
including Financial Reporting Standard 102 The Financial Reporting Stsndard applicable in the UK and
Republic of Ireland (Unrted Kingdom Generally Accepted Accounting Practice).
In our opnion the firbancial slalemenls..
give a trLte and fair view of the slate of the PCC'S affairs as at 31 December 2022, and of its incoming
resources and application of resources, including ils income and expenditure, for the year then ended-
have been propèrty prepared in accordance with United Kingdom Generally Accepted Accounting
Practice-, and
have been prepared in accordance with the Charities Act 2011 and the Church Accounting Regulations
2006.
Basls for opinion
We conduclod our audit in accofdarte with Inl8mational Stsndards on Auditing IUK} IISAS {UKI) and applicable
law. Our responsibilities under those standards are further described in the Audilorfs responsibilities for the
audit of th8 financial statemènts sgclion of our report. We are independent of the charity in accordance with thè
ethical requlremenls that are ￿levant lo our audit of th8 financial slalemenls In the UK, including the FRC'S
Ethical Siandard, and we have fulfilled our other ethical responsibilities in accordance with these Tequirem&nts.
e believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our
opinion.
Concluslons relating to going concern
In audib'ng the financial slalemen15, we have concluded that the PCC members, use of the going concem basis
of accounting in the preparab'on of the financial slalemenls is appropriate.
Based on the work wg have porfomied. WB havg not identified any material uncertainties relating lo evenls or
conditions that. individually or collectively, may cast significant doubl on the charity's abilty lo continue as a
99ing ¢on¢em for a period of al least tsvelve months from when the financial statements are authorised for
issue.
Our responsibililias and the fesponslbllllies of the PCC members wllh respect lo going concern are described in
the relevant sections of this report.

THE CHURCH OF ST. PETER MANCROFT
INDEPENDENT AUDITOR'S REPORT TO THE PAROCHIAL CHURCH COUNCIL
OF THE CHURCH OF ST. PETER MANCROFT (conlinuedl
YEAR ENDED 31 DECEMBER 2022
Other inforrnation
The other information comprises Ihe information included in the annual report, other than the financial
slalements and our auditor's report Ihereon. The PCC members are responsible for the other informalion
contained within the annual repori. Our opinion on the financial ststemenls does not cover the other inloTrnation
and, ex￿p1 to the exlenl otherwise explicitly slated in our report, we do not trxpress any form of assurance
conclusion thereon.
Our responsibility is lo read the other information and. in doing so. consider whether Ihe other information is
materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or
olheNise appears to be materially misstated. If we i¢Jentify such material inconsistencies or apparent material
misstatements, we are required lo determine whether this gives rise to a material rnisststemenl in the financia
statements themselves. If, based on the work we have performed, we conclude that there is a material
misstslemenl of this other information, we are required to report that facl.
We have nothing lo report in this regard.
Matters on whlch we ar• requlrad to roport by exceptlon
We hav8 nothing to report in r9specl of the following matters in relation lo which th8 Charities lknounts and
Reports} Regulations 2008 and Church Accounting Regulations 2006 ￿qUIreS us lo rèport to you rf, in our
opinK)n.'
the information giv8n in the financial statemènts is Inconsisl8nl in any material r8SP8Ct with the annual
report., or
the charity has not kept adequate accounllng records., or
the financial statements are not In agreement with the accounting records and returns., or
we have not received all the infomiation and explanations we require for our audit.
Re$pon$lbllltfjès of the Parochlal Church Councll m•mb•rs
As explained more fully in the PCC'S Responsibili(ies Ststemenl {set out on page 71. the PCC rnembers are
responsible for the preparation of financial statements and for being satisfied that they give a true and fair view,
and for such ini8mal control as the PCC members Oelermine is necE55ary to enable the pweparalion ol financial
statements thal are free from material misstalemenl. whether due to frau(J or error.
In preparing the financial st8tements, the PCC members are responsible for assessing the PCC'S ability lo
conlinve as a going concern. disclosing, as applicable, matters related to going con￿rn and using the going
concern basi5 01 accounting unl8SS the PCC members either intend lo liquidate the PCC or lo cease operations.
or have no realistic allernalive but to do so.
Auditorfs r•sponsibllltl•s for the audlt of th• linancial statements
We have been appointed as auditors under section 145 of the Charities Arl 2011 and report in accordance with
the regulations made under Sedion 154 of that Act.

THE CHURCH OF ST. PETER MANCROFT
INDEPENDENT AUDITOR'S REPORT TO THE PAROCHIAL CHURCH COUNCIL
OF THE CHURCH OF ST. PETER MANCROFf {¢ontlnued)
YEAR ENDED 31 DECEMBER 2022
Auditor's responsibilitie$ for th¢ audlt of th• flnan¢lal statements Icontinuedl
Ovr objeclivgs are lo obtain reasonable assurance about whether thg financial statements as a whole are free
from mat•rial miggtatement. whether du8 to fraud or error. and to ISSl18 an auditnr's r&port that includes our
opinion. Reasonable assuran￿ is a high level of assurance, bul is not a guarantee that an audit condu¢led in
accordance with ISAS IUKI will always delect a material misstalemenl when it exists. Misstalemenls can arise
from fraud or error and are considered material if, individually or in the a9gregale, they could reasonably be
expected lo influence the economic decisions of users taken on the basis of these financial slalemenls.
Irregularities, including fraud, are instsnces of non-compliance wlh laws and regulations. Wg design procedLsres
in line with our ￿spOnsIbl11t1es, outlined above, lo delecl material misslalemenls in respect of irregularities,
including fraud. The specific pro¢8dures for this engagement and the exlenl to which these are capable of
detecting irregularities. including fraud is detailed below..
Enquiry of management and Ihose charged with governance and review of the minules of PCC meetings
that look place throughout the year-
Enquiry of entity staff compliance functions lo idenlfy any instances of non-compliance with laws and
regulations..
Reviewing financial statement disclosures and testing to suppO￿ng documenlation lo assess compliance
with applicable laws and regulations.
Porforming audit work ovgr the risk of management OV8rride of Controls. including t￿tIng of joumal
entries and other adjustments for appropriateness, evaluating the rationale of significant transactions
outside the nomial course of activities and reviewing accounting estimates for bias.
8ecause of the inherent limitations of an audit, there is a risk that we will not delecl all irregularrti8s, including
those loading to a material misstatement in the financial statements or non-¢omplian¢e wilh regulation. This risk
increases the more that compliance with a law or regulation is removed from the evonts and transactions
reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance.
The risk is also greater regarding irregularits'es occurring due to fraud rather than error, as fraud involve$
Intentional concealment, forgery, collusion, omission or mlsrepresenlalion.
further
description
our
iespon5ibsltties
is
available
on
the
FRC'S
https.'Ilwww.fr¢.org.uklauditorslaudit-assurance•ethicslaudilors-r8sponsibilities-for-the-audil.
Thi5
forms part of our auditor's report.
Use of our report
Thi5 report is madè solely lo the PCC Members. as a body. in 8¢cord8n¢e with Part 4 of the Charit￿$ (Accounts
and Reports) Regulations 2008 and the Church Accounts'ng Rcgulations 2006. Our audit work has be&n
und&rtaken so that we might slate lo the PCC members those mallers we are required lo state lo them in an
auditor's report and for no other purpose. To the fullest extent permitted by law, we do nol accept or assume
responsibility lo anyone other than thg PCC and the PCC'S member5 as a body, for our audit work. for this report.
or for the opinions we have formed.
websile
al..
description
Lov8well Blake LLP
Slalulory Auditor
Bankside 300
Peachman Way
Broadland Business Park
Norwich
Norfolk
NR7 OL8
0310712023
Lovewell 818ke LLP is eligible to a¢1 as an auditor in terms of Section 1212 of the Companies Act 2006.
10

THE CHURCH OF ST. PETER MANCROFT
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2022
Vnrestrlctgd Restrictod Endowment
lund$
funds
funds
Total
2022
Total
2021
Not*6
In¢ome and endowrn•nts from:
Donatlons and1ggaci8s
Acliviti8s for generating lunds
Income from investments
Church activities
other incom8
21al
2{bl
21cl
21dl
21e}
193,018
102,624
6.847
10.941
78,906
9,785
6,335
271,924
112,409
21,741
10,941
397.034
28.330
24,039
8,864
7,808
8.559
Total
313430
417015
Expenditure:
Church activities
1344,6171
{90.8021
{435,4191 1746.854)
Total
435419
Net lexpgndilur&yincome before
investment gainsliosses
{31,1871
4.224
8,$59
{18,404} 1280.7791
Net Ilossesygains on investments
69 576
Net {expenditurg1 before
tran$f•r of fund$
{40.493}
3,0891
122,5311 166,113) (211,2031
Transfers be￿en funds
15
Net movement In funds
{40,493}
5.470
131.0901 166,1131 (211.2031
R•conclllation of funds
Total funds brought fomard
1969 1 033 172
Total funds carrled forward
15
The notes on pages 14 to 31 form an integral part of these financlal ststoments

THE CHURCH OF ST. PETER MANCRO
BALANCE SHEET
31 DECEMBER 2022
2022
2021
Note
Fixed asstts
Tangible assets
Investments
727 191
804 899
727.191
804,899
Current assets
Stock
Debtors and prepayments
Short-lerm deposits
Cash at bank and in hand
10
11
2.180
22,504
1,274
4,360
37.781
1.266
Total current assets
65,251
87,800
Llabilities
Creditors- Amounts falling due within
one year
12
Net curr•nt •$$ets
Total assets less ¢urrent liabllltles
755 856
821 969
Not assets
Parl$h funds
Unrestricted lunds
Restricted tunds
Endowment funds
14
14
14
207.861
222,816
325179
248.354
217.346
356 269
ToLIl ¢haiity fund$
Approved by the Paroehial Church Council on . 2310312023
. and signed on its behalf by..
IQJ L9.. >fvfy]
Geoffrey Loades
Rèvd Canon Edward Cartèr
The rKJtes on pages 14 10 37 form an integral part of these finanual statements
12

THE CHURCH OF ST. PETER MANCROFT
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2022
2022
2021
Cash flows from operatlng actlvitle$
Ngt (expenditure)
166.1131 1211.2031
Adjustments for..
Investment income
LossesllGainsl on investments
Decreasellincreasel in short term deposits
Decreaselllncreasel In debtors
IDe¢reaselllncrease in creditors
Decreaselllncreasel in stock
121,7411 {24.0391
47,709
{69.5761
181
14.993
15.277
(23.5651
134.1441
19.570
Nel cash from operating activiti8S
Cash flows from Invèstlng actlvltl•s
Investment income
Proceeds from sale of investments
Purchase of investments
21,741
107,414
24,039
270.330
101 577
Net cash from investing activities
Nel Idecreasel in cash and cash equivalents
Cash and cash equivalents al beginning of year
(5,1001 {105.3881
149 781
Cash and Cash oquivalents al end of year
Thg notes on pag8s 14 to 31 form an integral part of these financial ststemenls
13

THE CHURCH OF ST. PETER MANCROFT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
General inforniation and accounting policies
The Church of St Peter Mancroft ig an unincorporated charity registered in England and Wales. The address of
the re9islered oifice is given in the annual report on page 1 of these financial stalements. The nature of the
charity's operations and principal activilies are referred to in the annual report.
The principal accounting policies are summarised below. The accounting policies have been applied
onsislently throughout the ygor and in tho precoding year.
Ba$1$ of a¢¢ounting
The PCC is a public benefit enlily within the meaning of FRS102. The financial staternenls have been prepared
under th& Charities Act 2011 and in a¢wrdan¢e with the Church A¢wunting Regulations 2006 governing the
individual a¢¢ounts ol PCCS, and with the Regulations true and fair view" provisions. logelh&r with FRS102 as
the applicable accounting standards and the Slalemenl of Recommende(J Pracllce, Accounting and Reporting
by Charities IFRS1021.
The financial statements have bèen prèparèd to give 8 and fair. view and we have departed from th& Charities
Accounts and Reports) Regulations 2008 only to the extent required lo provide a "tnje and fair view" This departure
has involved the Accouniing and Reporting by Charities.. Statement of Recommer)ded Practice applicable lo charities
proparing their a¢¢ounts in a¢¢ordance with th8 Financial Reporting Standard applicable in the UK and Republic of
Irèland IFRS1021 Issuèd In Ociobar 2019 rather than the Accountlng and Rèportlng by Charllles.. Stst8ment of
Re¢ommgnded Pra¢ti¢e effocts'vfj from 1 April 2005 which has sin¢& been withdrawn.
The financial stst8ments have been prgpared under the hislorlcal cost conventlon except for the valuation of
investment assets, which are shown at market value.
{b)
Fund accounting
Unreslrtrcted funds - these ￿present the remaining income funds of the PCC that are available for spending or)
the general purt)Dses of the PCC. including amounts designated by the PCC for fixed assets for 115 own use or
for spending on a futura project and which aT& therefore not included in its 'free ieserves, as disclosed in the
Irusleos, r$port.
Reslricled funds these are income funds that musl be spent on ￿$tr￿ted purposes And dètails of th8 funds
held and restrictions provided are shown in the notes to thg accounts.
Endowment funds
these are reslricled funds that musl be retained as trust capital either pomianently or
subject to a discretionary power to spend capital a5 income, and where the ¢J5e of any income or other benefit
derived from the capital may be restricted or unreslricled. Full details of all their restrictions are shown in the
rK>tes to the a¢counls.
Ic)
In¢ome
All income is included in the Statement of Financial Activities ISOFAI when..
The PCC becomes legally entiued lo the benefit of use of the resoLtrces.'
Inllow of economic benefit is probable.,
The monetary value can be measured with sufficiènt reliabilty.
The following specrfic policies are applied lo particular calegories of income..
Funds raised from events and trading activities are reported gross in the SOFA- i.e. before any related costs
that may have been deducted from the gross procee(Js.
Grants and donations are included in the SOFA whgn any preconditions preventing their use by the PCC have
been met. For collections and planned giving this is when the funds are received.
Gift Aid and other tsx claims are included in the SOFA at the same lime as the cash donations to which they
relate.
14

THE CHURCH OF ST. PETER MANCROFT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
A¢¢ountlng pollcle$ (continued)
Icl
Income {continued}
Legacy Income Is recognlsed when receipt is probab19 entitlement is established.
The value of any voluntary help received 15 not i￿l￿ded in the accounts t)ul is descrlbed the Annual Report.
Renlal income from the lelling of the church is recognised when th8 rental is due.
Investment income is In¢￿ded when re￿1vable.
Sncome from operating activities are accounted for when earned.
Id)
Expendlture and Llabllltles
Expenditure is Tecognised on an accruals basis as a liability is incurred. Exp8ndilure includes any VAT which
cannol b8 fully recovered. and is reported as part of the expenditur8 to wh￿h it r8lales.
Liabilities are recogni88d as soon as there is a legal or conslruclive obligation and settlement is probable and
quantsfiable.
Governance wsls include the costs associated with the p￿paratiOn and audit of ststutory accounts, the costs of
trustee meetings and Cost of any legal advice to Iruslees on govemance or conslilulion81 matters.
Grants and donations are included in the Statement of Financial Aciivilies once authorised and thero is a
resulling obli9ation for payment.
The Diocesan Parish Share is accounted lor wh8n payable.
Support costs includè central functions and h8ve been allocated to a￿1vty Cost Categories on a basis consistent
with the use of resour￿￿.
Conse¢ratgd and b¢n¥fl¢o propgrty
In so far as consecrated and benefice property of any kind is excluded from the statutory definition of 'charity' by
Section 10121 la) and Ic) of the Charities Act 2011, such assets are not capitalised in the financial ststements.
Flxod as$ot$ and d•preciation
Fixed assèts costing MO￿ Ihan £5,000 are ¢apitalised and included al cost including any incidental expenses of
acquisition.
Depreciation is calculated so as lo writé off th8 Cost of an asset. less their currenuy anticipated residual fair
value, over their usèful economlc Ilfe ol that asset as follows..
Fixtures and fittings
Office equipment
Tenant's improvements
5 year5 slraighl line
5 years slraighl line
10 years straight line
15

THE CHURCH OF ST. PETER MANCROFT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Ig)
Investments
Sto¢ks and shares quoted on a recognis8d stock exchange are includèd in the balance sheet al their mid-
market value al the year end. The differ&nces between maTket value and Ihg original cost of the investments
are shown as unr&alised investment gains or losse5 and transferred to Iha siat&mèni of Flnanclal Actlvities.
Short temi deposlts
Short term deposits include cash held on deposit either with the CCLA Church of Ewland Funds or al the bank.
Debtors and creditors recelvabl• I payabl• wllhln ono yoar
Debtors and creditors with no ststed interest rale and receivable or payable within one year are recorded al
transaction price. Any losses arising from impairment are recognised in expenditure.
ui
Golng concern
The financia5 statements have been prepared on a going Concern basis as th8 PCC Members believe that no
material uncertainties exist. Th6 PCC Members have considered the level of funds held and the expected level
of income and expendtture for 12 months from aulhorising these financial statements. The budgeled inwm9
and expendilure is sufficient with the level of reseNes for the charity lo be able lo conlinug as a going concern.
Dèfln•d contrlbution plans
Contributions lo defined contribution plans are recognised 85 an expense in the period in which the related
service is provi¢Jed. Prepaid contributions are recognised as an asset lo the extent that thg prepayment will lead
10 8 reducb'on in future payments or a cash refund.
16

THE CHURCH OF ST. PETER MANCROFr
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Income and endowments
Donatlons and legacies
Unr•stTlct•d R•5trlctgd
Funds
Funds
Total Unieslricled Restricted
2022
Funds
Funds
Total
2021
Planned giving
Islewardshlp}
Collections at all seryices
Grants:
Risèbrow Trust grants for
youth work and ¢hoir
Subscriptions
olhgr
income for youth Activities
Grants from Vicarage Trust=
Gènèral
Grants Irom Mission H811
Trust
Grants from Heritage lottery
For 8811 Chamberprojecl
Grant from Norwich
D5ocesan Assn of Ringers
lor Bpll Gh8fflbgr ProJ8fjt
Grant from FP Arts
For B611 Chamber Project
Grant from St John's
College for Gèi8 Pmject
Grant from Garfield Weston
lor Gaia Proj8Ct
Grant from Risebrow Trust
Fof G81& Proj&cl
Grant from Geoffrey Wauing
Charity for Gaia Project
Creating Spaco lor God..
Grant St Martins in the
Fields for Creating Spacè
forG
Grants from Archbishops
Council for Creating Space
for God
Grants from Dioc8s8 for
Cre8ting Space for God
Donations-
General
Fabric fund
Bells Chamber Proj¢ct
Church roof fund
Collins Organ Fund
Misc restricted donalons
Gaia Proj•ct
Flower fund
Creating Space for God
Tax recoverable
Sundrtes
Legacies
Ll$t¥d Pl4¢0$ of W¢rshlp:
For Roof Prgject
61,307
8.505
61,307
8,505
56,260
5,933
56,260
5,933
53,00
53,000
45,048
45,048
50
40,000
40,OC
40.000
40,000
48,000
48,000
62,713
62,713
5,680
5,680
6,211
6,211
2,000
1.000
1,000
20,000
20.0
7,500
7.500
3,000
3.000
3.000
1,500
1,500
2.400
2.400
3.200
3.200
2,000
2,000
11.625
11.625
1.980
13,488
490
13.978
1.980
3.500
1.785
30,005
1,785
30,005
375
5,122
375
5.122
2.194
2.995
365
3.600
8.426
2.194
2.995
365
3.600
25.187
4.276
3.475
406
406
2.300
21.246
272
4.238
19,071
272
4.238
2.175
16,761
4,276
3,475
55
759
17

THE CHURCH OF ST. PETER MANCROFT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
{b)
Actlvltles for generatlng funds
Unr•striet•d Rgstrlcted
Fund•
Funds
Total Unrestri¢ted Restricted
2022
Funds
Funds
Total
2021
Risebrc>w Cèntre {MAPI share of
expenses
Chantry hall leltings
MRDC Activities
Events
Use of church for u)n¢8rt9 etc
9.974
30,065
9,974
30,065
9,785
39.635
22.950
10.205
9,690
10,205
9,690
9,785
39,635
22,950
8,435
8,435
{cl
Income from Invastments
Unts$trlct•d R•strlct•d Endowment Total Unrestricted Restricted Endowment
Fund5
Funds
Fund5
2022
Fun(Js
Funds
Funds
Total
2021
Quot
Investments:
General and other
funds
Ltsgacies
Fabric funds
Bell chamber fund
Organ fund
Church roof fund
Treasury & West End
fund
Mancroft charitab
Risebrow
Flower Fund
Creating Spaca lor
God
Heanedge
Raymond King fund
Cash accounts..
G8n8ral and other
funds
Lega¢ie$
2,510
4,324
1,783
434
489
952
1,063
1851
4.293
4,758
5.412
952
1.063
1851
1291
6,611
1,300
460
3,369
760
872
1851
1.271
7,071
9,758
760
872
1851
4,923
6,389
280
385
399
70
232
337
138
71
232
337
138
71
385
399
70
93
297
163
93
297
3.790
258
239
103
258
239
3.110
3.627
3,007
12
17
17
18

THE CHURCH OF ST. PETER MANCROFT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
{dl
Incom• frorn church activities
Unrostrlthd Rèstrfeled
Fund
Funds
Total Unrestricted
2022
Funds
Restricted
Funds
Total
2021
Book8. cards. guides and candlos
3.222
3,222
2,375
2.375
Fees:
Weddings
Funerals
369
3.538
369
3,538
1.526
2,695
1.526
2.695
Mancroft music- recitals and
¢oncertS
3.380
3,380
2,268
2,268
Social events and activities
432
432
lè)
Oth•r In￿me
2022
Total
2021
Total
Llnr¢$trl¢tsd
R•strlet•d
Covid-19 Job Retention Scheme
7,808
7,808
19

THE CHURCH OF ST. PETER MANCROFT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Exp?ndituT•
Unrestrieted Restrlet•d
Funds
Fund$
Total Unrestricted Restricted
2022
Funds
Funds
Total
2021
Church actlvltlès
Missionary and charitsble 9iwng
Inole 3a}
Ministry costs
(note 3bl
Church running an¢Y maintenan¢e
Inole 3cl
Chantry Hall running costs
(not• 3d)
Major repairs
Inole 3el
Social activities
{note 3fl
23.969
1,690
25,659
39.668
2.967
42,635
114.743
18.703 133.446
114,136
19,132
133,268
58,340
7.755
66.095
49.279
12,345
61.624
27,610
750
28.360
22.666
22,666
4.104
4.104
960
361.742
362,702
29,336
3,S76
32,912
1,568
1,454
3.022
Magazine and bookstsll
{note 3gl
Wages and Salaries
Inote 3hl
Administralive expenses
(note 31)
2,830
2,830
2,600
2.600
41,447
$4.224
95.671
36,730
41,660
78,390
46,342
46.342
41,113
11,1661
39.947
Total exp8nditure
344.617
.802
435,419
308,720
438,134
746.854
Misslonary and ¢harltabl• giving
Unrèstrlet•d Rè8trlcl•d
Funds
Funds
Total Unrestricted
2022
Funds
Restricted
Funds
Total
2021
Grants..
So¢ular
Instrumental award$ an¢J organ
scholarship
23.969
700
24,669
39,668
1,500 41.168
990
990
1,467
1,467
Total..
23.969
1,690
25,659
39.668
2,967 42,635
20

THE CHURCH OF ST. PETER MANCROFT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
(bl
Mlnlstry costs
Unr•$trlet•d R•strlctèd
Funds
Funds
Total Unrestrfcled
2022
Funds
Restricted
Funds
Total
2021
Ministry- Diocesan Parish share
Clergy eypenses..
Vicar
Cuialelassistant prfest
Creating Space for God
Other clergy
113.247
113,247
112,360
112,360
721
775
721
775
11.964 11.964
789
962
789
962
15.557
15,557
25
25
Youth work-.
Youth general ex￿n$6$
Room hir8
Vicar's discretionary expenses
239
6,500
239
6,500
4cxJ
2,000
1,175
400
2,000
1,175
Total..
114.743
18,703 133.446
114,136
19.132 133,268
(¢1
Church runnlng ¢o$l$ and malntènan¢e
Unr•strlct•d R•strfct•d
Fund$
Funds
Total Unrestricted
2022
Funds
Restricted
Fun¢Ys
Total
2021
Church runnlng •xpens•g:
Telephone
Electriaty
Gas
Clèaniny and waslg
Insurance
Water
Flowers
Church maintenance:
Maintènancè and mintsr repairs
Upkeep of church sgrvl¢es:
General church expenses
Choirs
Publitsly
329
4,428
10,253
11,607
14,162
1,117
329
4.428
10,253
71,607
14.162
1,117
1.344 1,344
688
4,722
6,814
8,702
17,084
164
688
4.722
6,814
8,702
17,084
164
872
872
11,624
3,671 15,295
7,252
11,036
18,288
4.382
1.110
1,630
5.472
1.630
458
3.637
3,637
487
166
437
458
166
Total..
58,340
7.755 66.095
49,279
12,345
61,624
21

THE CHURCH OF ST. PETER MANCROFT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Idl
Chantry Hall Runnlng Costs
Unrestricted Restricted
Funds
Funds
Totsl Unrèslricted
2022
Funds
Restricted
Funds
Total
2021
Minor repairs and maintenance
Major repairs
Eleetricity
Gas
Watèr
Cleaning
Waste
Insurance
Sundri8S
5,918
108
3,fj70
4.727
1,412
3,085
2.846
2.532
3.312
750
6,668
108
3,670
4,727
1,412
3.085
2,846
2,532
3.312
10,364
990
3,350
2,622
{4,774}
2,593
2.321
2,225
2,975
10,364
990
3.350
2,622
14,7741
2.593
2,321
2,225
2.975
Total..
27.610
750 28,360
22,66
22.666
aior r•palrs and proJgGt$
Unrestricted Re$triet•d
Funds
Fund$
Total Unrestricted
2022
Funds
Restricted
Funds
Total
2021
Church fabric
Orga
Treasury & West End
Gaia proj8ct
Streamin9 projéct
Bell-chamber project
7,8751 17,8751
2,260
2,260
337.118 337,118
558
558
274
274
23,792
23.792
960
3.276
3.276
960
6,443
8,443
Total..
4.104
4,104
361.742 362,702
Soclal actlvlties
Unrestricted RestTi¢t•d
Funds
Funds
Total Unrestricted
2022
Funds
Rgstricted
Funds
Tolal
2021
Man¢roft musle:
PUblI￿tY
Concert expenses
1,261
1.925
1,261
1,925
309
1.181
309
1,181
Olher expenses
Events
25,528
25,528
Soclal a¢tlvltlès
General
622
1,422
2,044
78
78
Raymond Klng fund
2,154
2,154
1.454
1,454
Total..
29,336
3,578 32.912
1,568
1,454
3,022
22

THE CHURCH OF ST. PETER MANCROFr
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Book$tall costs
Unrestricted R•strtct•d
Funds
Fund$
Total Unre51rited
2022
Funds
Restricted
Fund$
Total
2021
Botskstall
830
Total=
(h)
Salarles and wages {In¢ludlng working expenses)
Unre$trlct•d Rè$trlet•d
Funds
Funds
Totsl Unrestricted
2022
Funds
Reslrl¢led
Funds
Total
2021
Vergers
Organists
Director of mu$1¢
Bell chamber staff
Choral scholars and deputies
Choristers
37,147
4,300
37,147
3,565
7,865
27.633 27.833
9,839
9,839
12,917 12.917
270
270
30,753
5,977
30,753
7,177
21.442
8,892
9,862
264
1,200
21.442
8,892
9,862
Total:
Administratlvo exp•n$es
Unrestrict¢d R•$trl¢tsd
Funds
Funds
Total Unrestricted
2022
Funds
Restricted
Funds
Tolal
2021
Offlcè •xp&ns•s:
Office st8ffing and admin fees
Offic8 expenses and postage
Printing, slalionery and offic8
equipment
Officè talèphone and internet
Bank charges
Sundry expenses
Payroll bureau
Accountants, and audit fees
30.704
2.691
30.704
2.691
24,353
1,947
24,353
1,947
3.546
1,$50
343
13881
806
7,090
3.546
1,550
343
13881
806
7,090
2,193
3,376
314
1,230
1,200
6.500
2,193
3.378
314
64
1,200
6,500
1.1661
Total:
46
23

THE CHURCH OF ST. PETER MANCROFT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Analys1$ of expendltUTe including allocatlon of sUPPOrt costs
The support costs have been allocated in their entirety lo Ihe unreslricled expenditure (church running and
maintenance and administrative expenditure).
2022
2021
Direct Costs
Support Costs
389.077 706,907
46.342
39.947
2022
2021
Govemance costs
Administrakn've expensas
7.090
6,500
947.
Goveman¢e ¢ost$
2022
2021
Auditors remuneration
Amount payoblt to audlter
2022
2021
Audit fges
Payroll fe$s
7,090
806
6,500
1,200
Staff Costs
2022
2021
Wages and salaries
Social security costs
Pension costs
100,815
69,561
2,509
2,226
During the year the PCC employed 8 (2021.. 71 people. none of whom eamed £60,000 p.a. or more.
There were no employee benefits lo key management pèrsonnel in the preV￿u$ or current years.
24

THE CHURCH OF ST. PETER MANCROFT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Tanglblo flxod assets
Fixture5 and
flttlngs
Octagon
Flxturns and
flttlngs
Chantry Hall
Tenant's
Improvements
Office
gqulpment
Total
Cost
At 1 January 2022
Additions
Al 31 December 2022
18,522
23,285
29,150
14,712
85.669
Depreciation
Al 1 January 2022
Charge for the year
Al 31 December 2022
18,522
23.285
29.150
14,712
85,669
Net book valuo
Al 310e¢ember 2022
At 31 December 2021
Flxod ass•t Investments
2022
UK listed invoslments
Market value- al 1 January 2022
Additions al cost
Disposal proceeds
Realised gain5 on disFK)sal
Unrealised gains lor the year
Movemènt in cash
804,899
77,415
1120,9581
15241
147,1851
Market value al 31 December 2022
727 191
HistoricBI cost at 31 Decembèr 2022
Investments exceediro 5¥9 of the portfolio are as follows..
2022
Market
valua
2022
Cost
CBF inveslm8nl fund
Cash
177.989
37,126
48.334
37,126
25

THE CHURCH OF ST. PETER MANCRO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
10.
stock
2022
2021
Items for resale
Stock held al the year end represents guidebooks held for resale
11.
Debtors
2022
2021
Other debtors
22.504
37,781
12.
Llabllltles: amounts fallSng due wlthln one year
2022
2021
A¢cwals and deferred in¢ome
36,586
70,730
Deferred income
2022
2021
Deferred income brought forward
Released during the year
Income deferred during the year
15.199
115.1991
DefeThed income carried forward
Deferred income relates to grants receive(I for future periixl$.
26

THE CHURCH OF ST. PETER MANCROFT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
13.
Related P8rtle8 Icontlnuedl
J Haggett a PCC member received remuneration, fees and expenses lolalling £12,013 12021.. £12.0731 for his
role as Organlst.
Members of the PCC were neither enlilled lo nor waived any expènsès incurred in their roles as PCC members
during the year. The Revd Canon Edward Carter was reimbursed expenses incurred in his role as Incumbent.
The Revd Fiona Haworth and The Revd Naomi Tuma were reimbursed expenses incurred in their rol&s as
associa16 Priest and Curate.
During the year, grants were recèived from Aldem)an John Rlsebrows Charlty amounting lo £53,000 12021:
£45,048). PCC membBrs Geoffrey Loades, The Revd Canon Edward Carter and Catherine Waddams are
Trustees of Alderman John Risebrow's Charity.
Grants were also received from the Mission Hall Trust amounting lo £48,000 12021: £62,713> and from the
Vicarage Trust amounting lo £40,000 12021.. £40.000}. PCC member Geoffrey Loades is Trustee ol the
Vicarage TTUSt. The Revd Canon Edward Carter, Peter Threadkell end Helena Carr are Trustees of the Mission
Hall Trust.
During th& year the PCC charged Mancroft Advice Project £9,974 12021.. £10,205> for ils share of
accommodalion and expenses and £6,275 12021.. £2241 for additional room hirg. During the year grant
expenditure lolalling £16,82912021'. £34,168) was paid to Mancroft Advice Project in relation to the support of
rental costs. The Revd Canon Edward Carter is a Trustee of the Mancroft Advice Proj?¢l.
During the year. donations. without condits"ons, of £11.991 12021: £10.2991 were made by the PCC members lo
the Church.
14.
Analysls of nel assets by fund
2D22
Unrestrlcted
general
funds
Dèsignatod
funds
R¢stri¢t•d Endowmont
fvnds
funds
Total
Tangible fixed assets
Investments
Nel current assets
130,478
28,665
48.718
222,816
325,179
727,191
28,665
Lia 122
2021
Unrestricted
general
funds
Deslgnated
fund5
Restrlcted Endowment
funds
funds
Total
Tangible fixed assets
Investments
Nel curient assets
192,303
9,570
46.481
209,846
7.500
356,269 804,899
17.070
27

THE CHURCH OF ST. PETER MANCROFT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
15. Fund•
Balan¢0
brought
forward
1.1.22
Balance
carried
Invostment
forward
galns Transfgr$ 31.12.22
Income
Expendlture
Restricted fund$
Legacies
Fabric repair
Mancroft Charitable
Organ fund
Risebrow Trust
Treasury and Wesl Ent1
Bell-chamber project
Raymond King in¢omg fund
Church Roof fund
Heartedge
Flowèr Fund
Creating Space for God
Other
14.568
15,123
12,915
35,426
12.638
9.356
30,452
6,377
435
2.470
386
1,440
53,400
281
23.819
163
14,1171
296
524
5.268
10.661
15001
{5.4291
17001
16441
153,7441
15911
16661
15251
11.4481
15421
13821
13.912
25,725
12,076
34.774
11.752
9,255
37,989
7.800
14,227
116,2821
12,1541
13,305
12211
115
14031
1951
11271
12.4281
3,635
19.3031
9,873
2.602
9,520
58,496
9.766
1.687
2,897
55.383
11,3441
{11,964}
11,3461
217,346
95.026
190.802}
17,313}
8,559 222,816
Endowment funds
Fabric Endowment fund
Raymond King Endoyvmenl
235,222
121,047
4,925
3,634
126,151
(4,939
14,925) 209,071
13,634) 116.108
356,269
8,559
{31.090
8,559) 325,179
Unr•strlctod funds
Gener41 funds, Legacias
General funds other
201,873
8,570
210,915 1340.8271
15,8881 (45,412) 159.143
129,912
Dgslgnated funds
Mancroft Music
Vicarage Fun¢J
Mission Hall Fund
Bells Repair Fund
20,891
4,076
40,431
48,670
768
3,1861
11,4961
892
18771
15861 138,3491
1911 I 148.6511
{1,0441
2,500
20.904
25.590
27,814
248.354
313,430 {344,617)
(9,3061
207,861
TOTAL FUNDS
29

THE CHURCH OF ST. PETER MANCROFT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
15. Fund8
Balance
brought
forward
1.1.21
Balance
¢arrled
Invastmant
fornard
gains Transfers 31.12.21
In¢omg Exyndlture
R•stricted funds
Legacies
Fabric repair
Mancroft Charitable
Organ fund
Risebrow Trust
Treasury and West End
Bell•chamber project
Raymond King incorne fund
Church Roof fund
Heartedge
Flowtsr Fund
Creating Spac8 for God
Other
20.506
80.883
12.734
32,929
5.290
8,817
28,098
4.465
101,445
9.035
2,819
13.173
44,198
460
3,371
837
872
45.249
232
8,756
103
93,179
239
477
11,258
37.152
17,5501
116,839)
11.5001
15581
138,2471
(2741
18,8921
11,4551
1320,2791
1,152
8,435
14,568
15,123
12,915
35,426
12,638
9,356
30.452
6.377
160.7271
2,183
346
581
2,490
3,007
125.869
257
12141
599
178
9,873
2,602
9,520
$8.496
18721
115,5571
126.1111
3,257
364.392
202.185 1438.1341
18.264
70,639 217,346
Endowment funds
Fabric Endowment fund
Raymond King Endowment
286,666
113,522
6,390
3.007
27,308
7.525
165,142} 235,222
13.007) 121,047
380.188
9,397
34,833
168,1491 356,269
Unre$trl¢tod fund$
Gon8ral funds, Legacios
General funds other
249.098
10,088
137,285 1301.5751
16.551
15,4241
(73.8641 201.873
169.714
D•signated funds
Mancroft Musi¢
Vicarage Fund
Mission Hall Fund
Bells Repair Fund
18.364
2.768
40,265
63,528
559
11,4901
11,7511
13,9041
1,249
663
2,039
1,401
20.891
(39,1771
161,6631
2.500
21,130
25,590
288,592
254,493 1308,720)
16,479
12,4901 248,354
TOTAL FUNDS
30

THE CHURCH OF ST. PETER MANCROFT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
15.
Fund$ Icontinuedl
Restricted funds
Th& Legacies fund includes the balance of a number of legacie8 made specifically for expenditure on Ihe
choir and music.
Th6 Fabric Repair fund eontsins the income 8rising from th& Fabric Endowment fund and donatlDns received
for oxpenditure on repairs lo the fabriG.
The Mancrgft Char¢lable fund consists of funds held on behalf of many small charitigs that were previously
administered by the PCC.
The Organ fund consists of thè balance of funds from a previous major appeal and a legacy 8nd other
donations, all specifically for restoration and repairs to the West End organ.
Income from The Risebrow Trust supports youth work. choir and discretionary expenses, as detsi18d in note
2a.
The Treasury and West End fund consists of thè proceeds of the sale of shares donated by Paul King. and
other donations which are to be used towards Ihe Treasury and for West End developments.
The Bell-chamber project sel up in 2013 consists of monies donated to be used for the improvement of the
bell chamber, together with Heritsge Lottery Funding.
The Raymond King incorne fund conlains the income arising from the Raymond King Endowment for Vicar's
and Churchwardens, discretionary expenses.
The Church Roof fund is in¢lusivg of donations received for the purpose of repair5 to the Church roof.
The Heartedge fund consists of grants given lo develop churches and communities and help them reimagine
Ihemsefves and society
The Fl¢)wer Fund was passed lo us by the flower arrangers. Th& Fund will continue lo have donations added
lo it and have disbursements to purchase flowers specifically for the decoration of the Church.
The Creating Space for God provides experience of church ministry lo young peoplè who are considering the
Ministry as a vocatlDn. In effect il is akin to a gap year internship. We are intendin9 for il lo be continued in
2023 for up to new young people. It ha5 been funded by ¢tsnlributions from church membèrs and one or
two grants which w8 ar8 hopeful will be also forthcoming in the next year.
Endowment funds
The Fabric Endowment fund consists of investments 8nd must b8 retained as capital. The income arising
from the Fabric Endowment fund adds lo the Fabric Repair fund.
Investment income from the Raymond King Endowmonl fund is added to the Raymond King income fijnd.
The PCC can transfer the fund ¢apital lo be used in the income fund as appropriate.
31

THE CHURCH OF ST. PETER MANCROFT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
15.
Funds lcontlnued)
Deswnaled funds
The Mancroft Music fund consists of monles put aside by tho PCC to be used for Mancroft Music concerts.
Grants received from the Vicarage Trust are used to pay clergy expenses and lo off-sel shortfalls in
unrestricted income.
Grants received from the Mission Hall Trust are used for repairs and capit81 works at the Chanty Hall and
Church Offices and lo offset shortfalls in unrestricted income.
The Bells Repair Fund, set up in 2010. consists of monies pul aside by the PCC lo be used for rgpairs lo the
bells and assoaated equipment.
16.
Transfers b¢tw••n funds
Transfers between restricted and unreslrictad funds comprise of movgmonts to eliminate deficits in
restricted fund8.
Transfers bètweén restricted and endowmènt lunds Comprise of movements of investment income
generated from inveslmenls to the corresponding restriclgd funds.
32