THE CHURCH OF ST. PETER MANCROFT
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Registered Charity Number 1134653

THE CHURCH OF ST. PETER MANCROFT
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Contents
Page
Report of the Parochial Church Council
Auditor's report
8-10
Statement of Financial Activities
Balance Sheet
12
Statement of Cash flows
13
Notes to the Financial Statements
14-31

THE CHURCH OF ST. PETER MANCROFT
REPORT OF THE PAROCHIAL CHURCH COUNCIL
FOR THE YEAR ENDED 31 DECEMBER 2024
The Parochial Church Council IPCCI presents its annual report and the audited financial statements of the
Church for the year ended 31 December 2024.
The financial statements have been prepared in accordance with the accounting policies sel out in notes lo
the accounts and comply with the charity's governing docurnenl, the Church Accounting Regulations 2006
and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities
preparing their accounts in accordance with the the 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 admlnlstrative information
Registered charity name
The Parochial Church Council of the Ecclesiastical Parish of St.
Peter Mancrofl with St. John Maddermarket, Norwich
Other names
St. Peter Mancroft PCC, NO￿lCh
Charity number
1134653
Ecclesiastical parish (Beneficel
St. Peter Mancroft with St. John Maddermarkel, Norwich
Church address
Hay Hill
Norwich
Correspondence address
Church Office
The Chantry
Norwich
NR2 1QZ
Incumbent
The Revd Canon Edward Carler
37 Unthank Road
Norwich
NR2 2PB
Associate Priest
The Revd Dr Fiona Haworth
Curate
The Revd Naomi Tuma
Licensed Readers
Gill Persicke
Catherine Waddams
Churchwardens
Helena Carr
James Hughes
Elected members
Nicholas Chapman CBE (from 25 April 2024)
Julian Haggelt lunlil 2S April 20241
Dr Emma Harrold {Secrelaryl
Leonard Hobson
Gillian Knox
Geoffrey Loades CBE (Treasurer)
Dr David Nunn Ifrom 25 April 2024}
Colin Pordham (Chair Asset Management Committee)
Anne Tansley-Thomas lunlil 25 April 20241

THE CHURCH OF ST. PETER MANCROFT
REPORT OF THE PAROCHIAL CHURCH COUNCIL (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Reference and administrative information (continued)
Fabric Officer
Nicholas Jackson
Representatives on the Norwich
East Deanery
Catherine Waddams
Bankers
CAF Bank Ltd
25 King s Hill Avenue
King's H ill
Wesl Malling
Kent
ME19 4JQ
Solicitors
Howes Percival
Flint Buildings
1 Bedding Lane
Norwich
NR3 1RG
Chartered surveyors and valuers
Arnolds Keys
2 Prince of Wales Road
Norwich
NR1 1LB
Architects
Ms Ruth Blackman
Birdsall, Swash and Blackman
High House Farm
Beeslon - next- Mil8ham
Kings Lynn
PE32 2NF
Investment advisers
Barrall & Cooke
516 Opie Street
Norwich
NR13DW
Registered auditor
Lovewell Blake LLP
Chartered accountants & statutory auditor
Bankside 300
Peachman Way
Broadland Business Park
Norwich
Norfolk
NR7 OLB

THE CHURCH OF ST. PETER MANCROFT
REPORT OF THE PAROCHIAL CHURCH COUNCIL (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Aim and purposes
The primary object of the PCC is the promotion of the Gospel of our Lord Jesus Christ according lo the doctrines
and practices of the Church of England. The PCC is required to co-operate with the minister in promoting in the
parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical.
Objectives and activities
Public Benefit
The PCC is aware of the Charity Commission guidance on public benefit. It is also aware of the supplementary
guidance relating to religious charities.
The PCC promotes the whole mission of the Church through the following activities regular public worship open
to all,. the provision of sacred space for personal prayer and conlemplalion., pastoral work, including visiting the
sick and the bereaved,. leaching of Christianity through sermons, courses and small groups., promotion of
Christianity through the staging of events and meetings, and the distribution of literature., promotion of the whole
mission of the Church through activities for senior citizens, parents and toddlers and other special need groups-
supporting other charities in the UK and overseas,. promotion of an interest in music through concerts and recitals,
the training of choristers and organ scholars,. and the provision of Christian hospitality. refreshment and friendship
to visitors, enquirers and others.
Achievements and performance
Electoral Roll
There were 105 people on the Church Electoral Roll as al March 202412023.. 1091.
Revlew of the Year
A significant project look place during 2024 al Sl Peter Mancroft Church, lo replace the ageing lighting system
with modern LED lights, and to install solar panels on the South Aisle roof, as well as batteries and two air-source
heat pu mps. The aim of this project has been lo reduce the carbon footprint of the church building to as close to
zero as possible, while maintaining a comfortable level of warmth and improving the aesthetics of the lighting
system. The project was largely funded by a very generous bequest, bul an additional grant was made by the
Benefact Trust, on condition that the project at Mancroft was used nationally to demonslrale to other churches
how they also can make improvements lo their carbon footprint. The new project was blessed and dedicated by
the Bishop of Norwich in early October, an occasion Ihat reached the national and international news.
Another leading highlight of 2024 was the celebration of the fortieth anniversary of Ihe inslallalion of the Peter
Collins organ al the West end of the church. A special recital was given in June by Mancrofl's Organist, Julian
Haggelt, and a number of those who were instrumental in the 1984 project were able to attend. A newly recorded
CD was also launched as part of these celebrations.
A wide variety of organisations and groups used the church building for their events throughout 2024, reflecting
the developing importance of Sl Peter Mancroft as a venue for concerts and events. Amongst them were events
organised by the Norfolk and Norwich Festival and the NO￿lCh Book Festival.
The year also saw the return of the Original Norwich Charity Christmas Card Shop to the back of church in the
late Autumn, and the Rotary Christmas Tree Festival in December, as well as a range of Chrislmas Carol
Services for schools and charities.
Alongside these highlights has been the daily commilmenl lo keeping the church doors open to V1511ors, and the
regular pattern of worship on Sundays and in the week, with exceptionally fine contributions from the church's
singers. organists and bellringers. In addition, with the permission of the Mission Hall Trust. the church was able
to develop the use of the Chantry Hall and other facilities al the Risebrow Building throughout 2024. These
facililies are now used by a wider range of hirers and groups than ever before, including the Norwich Foodbank
twice a week.

THE CHURCH OF ST. PETER MANCROFT
REPORT OF THE PAROCHIAL CHURCH COUNCIL (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Achievements and performance (continued)
The Ministry Team in 2024 comprised of the Vicar IRevd Canon Edward Carterl, the Associate Priest IRevd Dr
Fiona Haworthl, the Curate (Revd Naomi Tumal, Lay Readers (Gill Persicke and Catherine Waddamsl, and
George Allin lup lo July) on the 'Crealing Space for God. ministry experience scheme. During 2024 Chris Hood
retired from her post in the Church Office, and Hannah Hill was appoinled lo replace her. The Communications
Officer function was taken up by Suzi Ashcroft. Al the end of the year Chris Sanham left his role as Head Verger
and Events Coordinator. Al the Annual Vestry Meeting Helena Carr and Jim Hughes were both re-elected as
Churchwardens.
Of particular sadness to the church this year was the news of the death of Roger Youngman, who had been a
stalwart 'welcomer' at the church over many years and was a very generous benefactor lo Sl Peter Mancroft
throughout his life and al his death.
Financial Review
The operational result for 2024 was a deficit of £335,093 {2023 surplus of £351 ,327}. This was entirely expeGled
and slightly better than our forecast al the beginning of the year. The significant factor affecting the deficit was the
major eco project where the lolal cost was £500,000. We recovered the VAT associated with this which amounted
to over £83,000. The work itself was classed by the Church of England as a Demonstrator Project being, in effect,
the first of ils kind in moving towards nel zero. This enabled us to apply for and be awarded a grant of £86,000.
Not surprisingly, we had to go through a number of iterations of forms and questions lo obtain the grant and it was
apparent that staff at Church House w&r8 learning as much as ourselves in getting to the final procedures.
We have been fortunate in rec8nl years in that all of the major works we have undertaken have been completed
within estimated costs and time. The 2024 project was no exception to this.
A campaign lo emphasise the importance of planned giving started in June and resulted in an overall annual
increase of approximately 100/.. Increases in donations and collections as well as greater income from the hire of
the church and Chantry Hall was welcome given the continued pressures of cost of living. We must continue lo
ensure that all of this growth, by al the very least. is in line with an increase in expenditure,
A quinquennial inspection was carried out in 2024. This indicated required works which are estimated lo cost
£425,000 over the next 10 years. Whilst some are advisable to be completed in the next year most can be done in
stages over that period. This suggests that we will need lo anlicipale an annual cost of around £40,000 which
should be manageable, albeit stretching, given our experience of the large projects we have successfully
completed in recent years.
Grants
Charitable Giving includes a notional grant paid lo the Norwich Food Bank reflecting their use of the Chantry Hall
twice a week. Hire of Chantry Hall includes that notional amount which roughly equates lo the income which could
otherwise have been generated. Also included is a grant to the Mancroft Advice Project which continues the
phasing in of an increase in their rental paid lo the Mission Hall Trust
Investment policy
The Council seeks to achieve a balanced return between capital growth and a reasonable return of income in
excess of inflation. The need lo preserve endowment monies is recognised and the Church of England's ethical
policy on investments is followed as far as possible.

THE CHURCH OF ST. PETER MANCROFT
REPORT OF THE PAROCHIAL CHURCH COUNCIL (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Financial Review (continued)
ReseNes policy
The Church aims to cover normal expenditure by regular income. On those Occasions when income does not meet
expenditure, the deficit will be drawn from reserves.
Free réserves al 31 December 2024 were £13,28712023'. £191,003). These consist of unrestricted general funds,
excluding tangible fixed assets. There are also designated reservès of £57,391 12023.. £382,236) which consist of
monies sel aside for specific purposes. Reserves are maintained partly to generate investment income, partly for
specific projects, and partly lo provide a contingency fund for emergency use.
Restricted reserves lotalled £277,911 12023.. £209,248) al 31 December 2024. Endowment funds totalled £347,031
(2023.. £343,676).
Principal funding sources
The PCC'S main sources of income are voluntary income in the form of planned giving Istewardshipl, collections,
donations, grants, legacies, hiring of the building and events and investment income.
Grants received from Ihe Mission Hall Trust la separately registered charity) are used for repairs and capital works al
the Chantry Hall and Church Offices and lo offset shortfalls in unrestricted income
Grants received from the Vicarage Trust la separately registered charity) are used to pay clergy expenses and lo
off-set shortfalls in unrestricted income.
Grants from Alderman John Risebrow's Charity la separately registered Charity and restricted funds) are used to
meet the cost of the work with young people, including musical aclivities. The PCC nominates two Iruslees to
serve on the Trust in addition lo the incumbent who is ex-officio.
Wilhoul Ihese very generous grants, we would be quite unable lo maintain Mancroft's musical tradition and the
youth work now being undertaken.
Plans for future periods
Plans include the Peter Walker commissioned Hidden Inslallalion in June continuing until early September which
is anlicipaled to increase visitor footfall and, importantly be a source of activity and discussion for and by young
people. Work on the Current Quinquennial Report will Gornmence after priorities and cash flow requirements are
determi ned. The successful Creating Space for God will continue subject to availability of candidal8S.
Structure, governance and management
Legal Status
The PCC is 8 corporate body established by the Church of England and operates under the Parochial Church
Council Powers Measure.
The PCC was registered with the Charity Commission on 4 March 2010 with registration number 1134653. The
Church is classified as a charity under the Places of Worship Registration Act 1855.
Members of the PCC are Trustees of the Charity.

THE CHURCH OF ST. PETER MANCROFT
REPORT OF THE PAROCHIAL CHURCH COUNCIL (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Structure. governance and management (continued}
Recrultment and appointment of members of the PCC
Members of the PCC are either ex-officio or elected by the Annual Parochial Church Meeting IAPCMI in accordance
with Church Representation Flules. In addition, the PCC may also co-opt individuals in accordance with the
aforementioned rules.
Inductlon and training of members of the PCC
New members receive no specific training but are elected or GO¥opled on account of their knowledge of and contribution
lo the work of the Church.
Organisational structure
The PCC meets about six lo eight times per year and has established a Standing Committee and an Asset Management
Committee which meet between PCC meetings. Temporary Working Groups meet as and when required and deal with
various aspects of the life of the ChurGh.
S¢8nding Committee
This is the only committee required by law. Ils slalulory members are the Vicar. Churchwardens. and tho elected
niembers of the PCC. In the year our Standing Committee has consisted of the Vicar, Churchwardens, PCC Secretary,
PCC Treasurer and the Chairman ol the Asset Management Committee. This Committee has the power lo transacl
urgent business of the PCC between ils meetings, subject lo any directions given by the Council. It also deals with the
terms of engagement of staff.
Asset Management Commi1188
This committee is responsible lo the PCC for the general oversight of Ihe Church's finances and property. 11 monitors
the PCC'S income and expenditure, submits an annual budget and annual accounts lo the PCC, seek5 advice on the
PCC'S inveslmenls and insurances, implements the PCC'S policies in respect of the management of ils properties.
aulhorises all reasonable routine expenditure within the approved budget and monitors and reviews the PCC'S risk
management poIi¢y.
Related Parties
The PCC rèceives grants from the Mission Hall Trust and the Vicarage Trust. PCC members Geoffrey Loades and
Colin Pordham are Trustees and the Vicar allends meetings of the Vicarage Trust. The Revd Canon Edward Carter.
Helena Carr and James Hughes are TrLJslees ol the Mission Hall Trust.
The PCC also receives grants from Alderman John Risebrow's Charity of which PCC mémbers The Revd Canon
Edward Carter, Geoffrey Loades and Catherine Waddams are Truslees.
The PCC charges Mancroft Advice Project for its share of accommodation expenses and for additional room hire. PCC
member The Revd Canon Edward Carter is a Trustee of Mancroft Advice Project.
The PCC gives a notional grant paid lo the Norwich Food Bank reflecting their use of the Chantry Hall Mice a week.
Hire of Chantry Hall includes that notional amount which roughly equates to the income which could otherwise have
been generated. The Revd Fiona Haworth is a Tfuslee.
Risk Management
The PCC acknowledges that il is responsible for risk management. The PCC has identified possible operational,
financial, strategic and external risks which are assessed and reviewed periodically lo enable the appropriate action lo
be taken to deal with them.
Fundraising standards
The charity carries out limited fundraising activities in connection with Ils activities. No professional fundraisers or third-
party commercial participators are used. There have been no complaints about the charity's fundraising this year.
Fundraising is monitored by way of the charity recording all donations and events where income is received. No direct
contact is made with the public regarding fundraising activities.

THE CHURCH OF ST. PETER MANCROFT
REPORT OF THE PAROCHIAL CHURCH COUNCIL (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Parochial Church Council responsibilities statement
The PCC members are responsible for preparing the Report of the Parochial Church Council and the financial
slalemenls in 8ccordance with applicable law and United Kingdom Accounting Standards (United Kingdom
Generally Accepted Accounting Practice).
The law applicable lo charities in England and Wales requires the PCC members lo prepare financial statements
for each financial year which give a true and fair view of the slate of affairs of the PCC and of the incoming
resources and application of resources of the PCC for that period. In preparing these financial slalemenls, the
PCC members are required lo..
select suitable accounting policies and then apply them consistently.,
obsetve the methods and principles in the Charities SORP 2019 IFRS 1021.,
make judgements and estimates that are reasonable and prudent.,
slate whether applicable accounting standards have been followed, subject lo any material departures
disclosed and explained in the financial slatemenls.,
prepare the financial statements on the going concern basis unless it is inappropriate to presume that
the PCC will continue in operation.
The PCC members are responsible for keeping proper accounting records that disclose with reasonable accuracy
at any lime the financial position of the PCC and enable them to ensure that the financial statements comply with
the Charities Act 2011, the Charities (Accounts and Reports) 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 reasonable steps for the prevention and detection of fraud and other
irregularities.
The financial statements have been prepared lo give a "true and fair" view and we have departed from the
Charities (Accounts and Reports) Regulations 2008 only lo Ihe exlenl required lo provide a 'lrue and fair view"
This departure has involved the Accounting and Reporting by Charities.. Statement of Recommended Practice
applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in
the UK and Republic of Ireland IFRS102} issued in October 2019 rather than the Accounting and Reporting by
Charities.. Stalemgnt of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Auditor
A resolution proposing that Lovewell Blake LLP be reappointed as auditor of the charity will be pul lo the Annual
Parochial Church meeting.
Thanks
St Peter Mancroft would be unable to carry out its vibrant role in the heart of the City without our Staff and many
volunteers. We give our warm thanks to all for their much valued conlribulion.
On behalf of the Parochial Church Council
Revd Canon Edward Carter
Dale..

THE CHURCH OF ST. PETER MANCROFT
INDEPENDENT AUDITOR'S REPORTTO THE PCC MEMBERS OF THE PAROCHIAL CHURCH
COUNCIL OF THE CHURCH OF ST. PETER MANCROFT
YEAR ENDED 31 DECEMBER 2024
Opinion
We have audited the financial slalements of the Church of Sl Peter Mancroft for the year ended 31 December
2024, which comprise the Statement of Financial Activities, the Balance Sheet, the statement of Cash Flows
and notes lo the financial slatemenls, including significant accounting policies. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom AGGounting
Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK
and Republic of Ireland (United Kingdom Generally Accepted Accounting Praclicel.
In our opinion the financial slalemenls:
give a true and fair view of the slate of the PCC'S affairs as al 31 December 2024, and of its incoming
resources and application of resources, including ils income and expenditure, for the year then ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice., and
have been prepared in accordance with the requirements of Charities Act 2011 and the Church
Accounting Regulations 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing IUKI {ISAs IUKI} and applicable
law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit
of the financial statements section of our report. We are independent of the PCC in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical
Standard, and we have fulfilled our other ethical responsibilities in accordanc& wilh these r8quiremenls. We
believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion.
Conclusions relating to golng ¢on¢ern
In auditing the financial statements, we have concluded that the PCC members, use of the going concern basis
of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating lo events or
conditions that, individually or collectively, may cast significant doubt on the PCC'S ability lo continue as a going
concern for a period of at least twelve months from when the financial statements are aulhorised for issue.
Our responsibilities and the responsibilities of the PCC members with respect lo going concern are described in
Ihe relevant sections of this report.

THE CHURCH OF ST. PETER MANCROFT
INDEPENDENT AUDITOR'S REPORTTO THE PAROCHIAL CHURCH COUNCIL
OF THE CHURCH OF ST. PETER MANCROFT (continued)
YEAR ENDED 31 DECEMBER 2024
Other information
The other information comprises the information included in the Report of the Parochial Church Council, other
than the financial statements and our auditor's report Ihereon. The PCC members are responsible for the other
information. Our opinion on the financial slalemenls does not cover the other information and we do not express
any form of assurance conclusion thereon.
Our responsibility is to read the other information and, in doing so, consider whether the other information is
materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or
otherwise appears to be materially misstated. If we identify such material inconsistenGies or apparent material
misstatements. we are required to determine whether this gives rise to a material misstatement in the
financial statements themselves. If, based on the work we have performed, we conclude that there is a material
misstatement of this other information, we are required to report that fact.
We have nothing lo report in this regard.
Matters on which we are required to report by exception
We have nothing lo report in respect of the following mallers in relation lo which the Charities (Accounts and
Reports) Regulations 2008 and Church Accounting Regulations 2006 require us lo report lo you if, in our
opinion..
the information given in the Report of the Parochial Church Council is inconsislenl in any material respect
with the financial statements., or
sufficient accounting records have not been kept., or
the financial statements are not in agreement with the accounting records., or
we have not received all the information and explanations we require for our audit.
Responslbllltles of the Parochial Church Councll members
As explained more fully in the PCC'S Responsibilities Statement set out on page 7. the PCC members are
responsible for the preparation of financial stalemenls and for being satisfied that they give a true and fair view,
and for such internal control as the PCC members determine is necessary lo enable the preparation of financial
statements that are free from material misslalemenl. whether due to fraud or error.
In preparing the financial statements, the PCC members are responsible for assessing the PCC'S ability to
continue as a going concern. disclosing, as applicable, matters related lo going concern and using the going
concern basis of accounting unless the PCC members either intend to liquidate the PCC or lo cease operations,
or have no realistic alternative bul lo do so.
Auditor responsibilities for the audit of the financial statements
We have been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance with
the Act and relevant regulations made or having effect Ihereunder.

THE CHURCH OF ST. PETER MANCROFT
INDEPENDENT AUDITOR'S REPORT TO THE PAROCHIAL CHURCH COUNCIL
OF THE CHURCH OF ST. PETER MANCROFT (continued)
YEAR ENDED 31 DECEMBER 2024
Auditor's responsibilities for the audit of the financial statements {continued}
Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free
from material misslalemenl, whether due to fraud or error, and to issue an auditor's report that includes our
opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in
accordance with ISAS (UK) will always delecl a material misslalemenl when it exists. Misslatemenls can arise
from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected lo influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures
in line with our responsibilities, outlined above, lo detect material misslatemenls in respect of irregularities,
including fraud. The extent lo which our procedures are capable of delecling irregularities, including fraud is
detailed below..
Enquiry of management and those charged with governance and review of the minutes of PCC meetings
that look place throughout the year.,
Enquiry of enlily staff compliance functions lo identify any instances of non-compliance with laws an(5
regulations..
Reviewing financial statement disclosures and testing lo supporting documentation to assess cornpliance
with applicable laws and regulations.
Performing audit work over the risk of management override of controls, including testing of journal
entries and other adjuslmenls for appropriateness. evaluating the rationale of significant Iransaclions
outside the normal course of activities and reviewing accounting estimates for bias.
Because of the inherent limitations of an audit, there is a risk that we will not delect all irregularities. including
those leading lo a material misslatemenl in the financial statements or non-compliance with regulation. This risk
increases the more that compliance with a law or regulation is removed from the events and transactions
reflected in the financial slatemenls, as we will be less likely lo become aware of instances of non-compliance.
The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves
intentional concealment, forgery, collusion, omission or misrepresenlalion.
further
description
our
responsibilities
available
on
the
FRC'S website
htlps.'Ilwww.frc.org.ukllibrarylslandards-codes-policylaudil-assurance-and-8thicslaudilors-responsibilities-for-
the-audiU.This description forms part of our auditor's report.
Use of our report
This report is made solely to the PCC Members, as a body, in accordance with Part 4 of the Charities {AcGounls
and Reports) Regulations 2008 and the Church Accounting Regulations 2006 Our audit work has been
undertaken so that we might slate to the PCC members those matters we are required to slate lo them in an
auditor s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume
responsibility lo anyone other than the PCC and the PCC'S members as a body. for our audit work, for this
report, or for the opinions we have formed.
Lovewell Blake LLP
Slalutory Auditor
Bankside 300
Peachman Way
Broadland Business Park
Nornvich
Norfolk
NR7 OLB
Lovewell Blake LLP is eligible for appointment as audilor of the PCC by virtue of its eligibility for appointment as
auditor of a company under section 1212 of the Companies Act 2006

THE CHURCH OF ST. PETER MANCROFT
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted Restricted Endowment
funds
funds
funds
Total
2024
Total
2023
Notes
Income and endowments from:
Donations and legacies
Activities for generating funds
Income from investments
Church activities
Other income
21al
2(bl
21cl
2{dl
2{e}
184,670
96,978
7,220
15,672
313,738
13,116
5,625
498,408
110,094
23,642
15,672
5.700
717,062
112,081
23,148
11,704
10,797
5.700
Total
304 540
338 179
653 516
863 995
Expenditure:
Church activities
{708,528) (280,0811
1988,609) (512,668)
Total
708 528
280 081
988 609
512 668
Net lexpenditurellincome before
investment gains
(403,9881
58,098
10,797 1335,093}
351.327
Net gains on investments
123
Net lexpenditurellincome
before transfer of funds
1405,9641
56,842
14,152 1334,970)
375.227
Transfers between funds
14
Net movement In funds
1406.9881
68,663
3,355 1334,9701
375,227
Reconciliation of funds
Total funds brought forward
578 159
209 248
343 676 1 131083
755 856
Total funds carried forward
14
.17.1,171
47
796 113 1_13_1 0£2
The notes on pages 14 to 31 form an integral part of these financial statements

THE CHURCH OF ST. PETER MANCROFT
BALANCE SHEET
31 DECEMBER 2024
2024
2023
Note
Fixed assets
Tangible assets
Investments
3,690
686 215
4.920
766 092
689,905
771,012
Current assets
Debtors and prepayments
Shorl-lerm deposits
Cash at bank and in hand
10
72,494
1,377
98,655
1.324
285 537
Total current assets
144.977
385,516
Liabilities
Creditors Amounts falling due within
onè year
Net current assets
106 208
360 071
Total assets less current liabilities
796 113
1 131083
Net assets
Parish funds
Unrestricl8d funds
Reslricled funds
Endowment funds
13
13
13
171.171
277,911
347 031
578,159
209,248
343 676
Total charity funds
Approved by the Parochial Church Council on 2LA.y. )•.&)"and signed on ils behalf by..
Geoffrey Loades
Revd Canon Edward Carter
The notes on pages 14 10 31 form an integral part of these financial statements

THE CHURCH OF ST. PETER MANCROFT
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Cash flows from operating activities
Net lexpenditure}lincome
1334,9701 375,227
Adjustments for-
Investment income
Gains on investments
Depreciation
Decreasellincreasel in deblors
Increasel{decreasel in creditors
Decrease in stock
123,6421 123,1481
1123} 123,9001
1,230
1,230
26,161
176,1511
13,324
{11 1411
Net cash from operating activities
Cash flows from Investing activities
Purchase of tangible fixed assets
Decrease in short term deposits and cash held in investments
Investment income
Proceeds from sale of investments
Purchase of investments
(6.150)
1.841
23,148
74,462
25,587
23,642
100,031
Nel cash from investing activities
Nel {decreasellin¢rease in cash and cash equivalents
Cash and cash equivalents al beginning of year
1214.431) 246,244
285 537
Cash and cash equivalents at end of year
The notes on pages 14 to 31 form an integral part of these financial statements

THE CHURCH OF ST. PETER MANCROFT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
General Information and a¢¢ounting policies
The Church of Sl Peter Mancroft is an unincorporated charity registered in England and Wales. The address of
the registered office is given in the annual report on page 1 of Ihese financial stalemenls. The nature of the
charity s operations and principal activities are referred to in the annual report.
The principal accounting policies are summarised below. The accounting policies have been applied
consislenlly throughout the year and in the preceding year.
(a}
Basls of accountlng
The PCC is a public benefit entity within the meaning of FRS102. The financial statements have been prepared
under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the
individual accounts of PCCS, and with the Regulations true and fair view" provisions. together with FRS102 as
the applicable accounting slandards and the Slalemenl of Recommended Practice, Accounting and Reporting
by Charities IFRS1021.
The financial slalements have been prepared lo give a "true and fair" view and we have departed from the
Charities (Accounts and Reportsl Regulations 2008 only lo the exlenl required lo provide a "true and fair view"
This departure has involved the Accounting and Reporting by Charities.. Slalernenl of Recommended Practice
applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland IFRS1021 issued in October 2019 rather than the Accounting and Reporting
by Chari118s.' Slal8menl of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The financial slalements have been prepared under the historical cost convention except for the valuation of
investment assets, which are shown at market value.
Ib)
Fund accounting
Unrestricted funds these represent the remaining income funds of the PCC that are available for spending on
the general purposes of the PCC, including amounts designated by the PCC for fixed assets for ils own use or
for spending on a future project and which are therefore not included in ils 'free reserves, as disclosed in the
Iruslees, report.
Reslricled funds
these are income funds that must be spent on r@stricled purposes and details of the funds
held and restrictions provided are shown in the notes lo the accounts.
Endowment funds
these are restricted funds that must be retained as trust capital either permanently or
subject lo a discretionary power to spend capital as income, and where the use of any income or other benefit
derived from the Gapital may be restricled or unrestricted. Full details ol all their reslriclions are shown in the
notes lo the accounts.
(c)
Income
All income is included in the Slalemenl of Financial Activities {SOFAI when..
The PCC becomes legally entitled lo the benefil of use of the resources.,
Inflow of economic benefit is probable.,
The monetary value can be measured with sufficient reliability.
The following specific policies are applied to particular categories 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 proceeds.
Grants and donations are included in the SOFA when any preconditiong preventing their use by the PCC have
been mel. For collections and planned giving this is when the funds are received.
Gift Aid and other lax claims are included in the SOFA al the same lime as the cash donations lo which they
relate.
14

THE CHURCH OF ST. PETER MANCROFT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies {continued)
Ic)
Income (Gontinued)
Legacy income is recognised when receipt is probable and entitlement is established.
The value of any voluntary help received is not included in the accounts but is described in the Annual Report.
Rental income from the hiring of the church is recognised when the rental is due.
Investment income is included when receivable.
Income from operating activities are accounted for when earned.
Id)
Expenditure and Liabilities
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which
cannot be fully recovered. and is reported as part of the expenditure to which it relates.
Liabilities are recognised as soon as there is a legal or constructive obligation and set118menl is probable and
quantifiable.
Governance costs include the costs associated with the preparation and audit of slalulory accounts. the costs of
trustee meetings and cost of any legal advice to trustees on governance or conslilutional matters.
Grants and donations are included in the Statement of Financial Activities once aulhorised and there is a
resulting obligation for payment.
The Diocesan Parish Share is accounted for when payable.
Support costs include central functions and have been allocated lo activity cost categories on a basis consistent
with the use of resources.
(e)
Consecrated and benefice property
In so far as consecrated and benefice property of any kind is excluded from the slalulory definition of 'charity' by
Section 10121 (al and Ic) of the Charities Act 2011 , such assets are not capilalised in the financial statements.
(fj
Fixed assets and depreciation
Fixed assets costing more than £5,000 are capitalised and included at cost including any incidental expenses of
acquisilion.
Depreciation is calculated so as lo write off the cost of an asset, less their currently anticipated residual fair
value, over their useful economic life of that asset as follows..
Fixtures and fittings
Office equipmenl
Tenant's improvements
5 years slraighl line
5 years slraighl line
10 years straight line

THE CHURCH OF ST. PETER MANCROFT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Ig)
Investments
Stocks and shares quoted on a recognised stock exchange are included in the balance sheet al their market
value at the year end, The differences between market value and the original cost of the investments are shown
as unrealised investment gains or losses and transferred lo the Slalemenl of Financial Activities.
(h)
Short term deposits
Short term deposits include cash held on deposit either with the CCLA Church of England Funds or al the bank.
Debtors and creditors receivable I payable within one year
Debtors and crèditors with no slated interest rale and receivable or payable within one year are recorded at
transaction price. Any losses arising from impairment are recognised in expenditure.
(il
Going concern
The financial slalements have been prepared on a going concern basis as the PCC Members believe that no
material uncertainties exist. Thè PCC Members have considered the level of funds held and the expected level
of income and expenditure for 12 months from aulhorising these financial statements. The budgeted income
and exp8ndilure is SLtfficienl with the level of reserves for the charity to be able to continue as a going concern.
(kl
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related
service is provided.

THE CHURCH OF ST. PETER MANCROFT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Income and endowments
lal
Donations and legacies
Unrestricted Restricted
Funds
Funds
Total Unrestricted Reslricled
2024
Funds
Funds
Total
2023
Planned giving
(Slewardshipl
Collections al all services
Grants..
Risebrow Trust grants for
youth work and choir
Grants from Vicarage Trust..
General
Grants from Mission Hall
Trust
Grant from Nornich
Diocesan Assn of Ringers
for Bell Chamber Project
Grant from Archbishops
Council
for Lighling/Energy fund
for Minislry Exp8rienc8
Grant from Diocese
For Energy
Grant from LPOW
for Lighting/Energy Fund
for Fabric Fund
Grant from Assn of Ringing
Teachers
for Bell Chamber Project
Grants for Lighting project
Grant from Town Close
for Lighting/Energy fund
58,949
9,216
58,949
9,216
56,165
7,498
56,165
7,498
72,333
72,333
57,000
57,000
45,000
45.000
40,000
40,000
33,000
33,000
39,000
39,000
2,000
2,000
2.000
2,000
86.QOO
500
86,000
500
2,813
2,813
10,500
10,500
85.299
271
85,299
271
2,440
2.440
1,000
2.451
1,000
2,451
10,000
10,000
Donations..
General
Fabric fund
Collins Organ Fund
Misc reslricled donations
Flower fund
Creating Space for God
Tax recoverable
Sundries
Legacies
LighVEnergy Fund
18,071
18,071
328
75
3,060
1,020
234
19,913
521
50,000
12.892
12,892
328
75
3,060
1.020
234
50
1,827
335
2.300
413
50
1,827
335
2,300
17,706
138
460,947
19,913
521
17,293
138
460,947
50,000
ZLe￿2 L1.ZJ)fi2

THE CHURCH OF ST. PETER MANCROFT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
(bl
Activities for generating f unds
Unrestricted Restricted
Funds
Funds
Total
2024
Unrestricted
Funds
Restricted
Funds
Total
2023
Risebrow Centre IMAP) share of
expenses
Chantry hall leltings
MRDC Activities
11,574
40,181
11,574
40.181
13,116
130
45,093
12,848
34.827
12,848
34,827
10,263
29,387
24.756
13,116
10,263
Events
Use of church for concerts 8lc
130
29.387
24.756
45,093
96.978
13.116 110,094
101,818
112.081
Ic)
Income from Investments
Unrestricted Restricted Endowment
Funds
Funds
Funds
Total Unreslricled Restricted Endowment
2024
Funds
Funds
Funds
Total
2023
Quoted
investments:
General and other
funds
Legacies
Fabric funds
Bell chamber fund
Organ fund
Treasury & Wesl End
fund
Mancroft charitable
Risebrow
Flower Fun¢J
Creating Space for
God
Heartedge
Raymond King fund
Cash accounts:
General and other
funds
Legacies
3.451
2,905
857
345
932
911
814
4,308
3,250
7,508 8,440
911
814
1.918
5,484
1,123
324
715
860
804
3,041
5.808
6.765
860
804
6,050
230
281
451
19
230
281
451
19
215
280
272
25
215
280
272
25
1661
1661
36
189
148
36
189
2,850
178
2,806 2.984
2,702
469
395
673
1,142
878
243
694
833
876
1,127
483
433
Z,22Q
825
IQIgZ 21G_42

THE CHURCH OF ST. PETER MANCROFT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
(d)
Income from church activities
Unrestricted Restricted
Funds
Funds
Total Unreslricled
2024
Funds
Restricted
Funds
Total
2023
Books. cards, guides and candles
5,221
5,221
3,345
3,345
Fees:
Weddings
Funerals
450
2.762
450
2,762
750
1.610
750
1.610
Mancrofl music- recitals and
concerts
6,467
6,467
5,374
5,374
Social events and activities
772
772
625
625
{e}
Other income
Unrestricted Restricted
Funds
Funds
Total Unreslricled
2024
Funds
Reslricled
Funds
Total
2023
Fabric fund
insuranc8 income
5,700
5,700

THE CHURCH OF ST. PETER MANCROFT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Expenditure
Unrestricted Restricted
Funds
Funds
Total Unreslricled Restricted
2024
Funds
Funds
Total
2023
Church activities
Missionary and charitable giving
Inole 3a)
Ministry costs
Inole 3b)
Church running and maintenance
{nole 3c}
Chantry Hall running costs
Inole 3d)
Major repairs
Inole 381
Social aclivili8s
(note 3fl
Magazine and bookstall
{nole 39)
Wages and salaries
Inole 3hl
Adminislralive expenses
Inole 31)
20,649
2.353
23,002
23,059
1,600
24,659
126,268
11,845 138,113
119,558
16,105
135,663
71.019
4,663
75,682
74,573
9,124
83,697
30,132
30,132
30,579
30,579
333,431
196,066 529,497
18,738
17,702
36,440
5,040
2,647
7.687
30.500
2,263
32,763
4,365
4.365
3.307
3,307
57,368
56,995
114,363
45,701
56,755
102,456
60,256
5,512
65,768
63,104
63,104
Total expenditure
708,528
280,081 988,609
409,119
103,549
512,668
{a}
Missionary and charitable glving
Unrestrlcted Restricted
Funds
Funds
Total Unreslricled
2024
Funds
Restricted
Funds
Tolal
2023
Grants..
Secular
Instrumental awards and organ
scholarship
20,649
600
21,249
23,059
700 23,759
1,753
1,753
900
900
Total..
20,649
2,353
23,002
23,059
1,600 24.659

THE CHURCH OF ST. PETER MANCROFT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
(b>
Ministry costs
Unrestricted Restricted
Funds
Funds
Total Unreslricled
2024
Funds
Restricted
Funds
Total
2023
Ministry - Diocesan Parish share
Clergy expenses..
Vicar
Curalelassislanl priest
Vicarage Other
Creating Space for God
Youth work..
Youth general expenses
Room hire
123,682
123,682
117,800
117,800
1,232
804
550
1,232
804
550
4,352
886
872
886
872
4,352
8,655
8.655
993
6,500
993
6,500
950
6,500
950
6,500
Total..
126,268
11,845 138,113
119,558
16,105 135,663
(c)
Church running costs and maintenance
Unrestrl¢ted Restricted
Funds
Funds
Total Unreslricled
2024
Fund5
Reslricled
Funds
Total
2023
Church running expenses..
Telephone
Electricity
Gas
Cleaning and waste
Insurance
Water
Flowers
Church maintenance:
Maintenance and minor repairs
Organ
Bells fund expenses
Upkeep of ¢hur¢h services..
General church expenses
Choirs
Publicity
826
9,870
6,954
13,805
18,475
630
826
9,870
6,954
13,805
18,475
630
1,052
414
4,371
13,271
12,572
17,122
667
414
4,371
13,271
12,572
17,122
667
1,521
1,052
1.521
14.813
14,813
16,678
307
5,634
16,985
5,634
2,647
2,647
4,699
30
917
4,699
3,641
917
6,628
6,628
1,662
203
3,611
1,662
203
Total:
71,019
4.663 75,682
74,573
9,124
83,697

THE CHURCH OF ST. PETER MANCROFT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
(d)
Chantry Hall Running Costs
Unrestricted Restricted
Funds
Funds
Total Unreslricled
2024
Funds
Reslricled
Funds
Total
2023
Minor repairs and maintenance
Eleclricily
Gas
Waler
Cleaning
Waste
Insurance
Sundries
5,346
6,497
6,Q03
2,089
4,877
2,865
2,397
58
5,346
6,497
6,003
2.089
4,877
2,865
2,397
58
3,684
3,709
10,656
2,748
3,925
3,192
2,641
24
3,684
3,709
10.656
2,748
3,925
3,192
2.641
24
Total..
30,132
30,132
30.579
30.579
{el
Major repalrs and projects
Unrestricted Restricted
Funds
Funds
Total Unreslricled
2024
Funds
Reslricled
Funds
Total
2023
Church fabric
Gaia project
EnergylLighling project
8ell-chamber project
8.325
8,325
17361
11,450
5.181
1,807
(7361
11,450
23,919
1,807
333,431
181,298 514,729
6,443
6,443
18,738
Total:
333,431
196,066 529,497
18,738
17.702
36,440
ifj
Social activities
Unrestricted R•stri¢ted
Funds
Funds
Total Unrestricted
2024
Funds
Restricted
Funds
Total
2023
Mancroft music:
Publicity
Concert expenses
1,686
4,473
1,686
4,473
1.297
3,787
1,297
3,787
Other expenses
Events
11,4401
11,4401
24,751
24,751
Social activities
General
321
321
665
665
Raymond King fund
2.647
2.647
2,263
2,263
Total..
5,040
2,647
7,687
30,500
2,263 32,763

THE CHURCH OF ST. PETER MANCROFT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Igl
Bookstall costs
Unrestricted Restricted
Funds
Funds
Total Unrestricted
2024
Funds
Reslricled
Funds
Total
2023
Bookstall
3.307
Total..
(h)
Salaries and wages {including working expenses)
Unrestricted Restricted
Funds
Funds
Total Unreslricled
2024
Funds
Reslricled
Funds
Total
2023
Vergers
Organists
Director of musi¢
Bell chamber staff
Choral scholars and deputies
Choristers
52,052
5,316
52,052
3.951
9,267
28.329 28,329
8,922
8,922
15,111 15,111
682
682
40,959
4,742
4Q,959
8.504
26.481
11,992
14.297
223
3,762
26,481
11,992
14,297
223
Total..
Admlnlstratlve expenses
Unrestricted Restricted
Funds
Funds
Total Unreslricled
2024
Funds
Restricted
Funds
Total
2023
Ottice expenses:
Office staffing and admin fees
Office expenses and postage
Printing. stationery and office
equipment
Office telephone and inlernel
Bank charges
Depreciation of officè equipment
Sundry expenses
Payroll bureau
Accountants and audit fees
34,985
4,086
34,985
4,086
32,307
3.616
32,307
3,616
4,441
2,995
664
1.230
111
732
11,012
4,441
2,995
664
1.230
5.623
732
11.012
4,621
2,566
390
1.230
6,270
720
11.384
4,621
2,566
390
1.230
6,270
720
11,384
5.512
Total:
5512 65 768

THE CHURCH OF ST. PETER MANCROFT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysis of expenditure including allocation of support costs
The support costs have been allocated in their entirety lo the unrestricted expenditure (church running and
mainlenance and adminislralive expenditure).
2024
2023
Direct Costs
Support Costs
922,841 449,564
65.768
63,104
2024
2023
Governance costs
Administrative expenses
11,012
11,384
Governance costs
2024
2023
Auditors remuneration
Amount payable to auditor
2024
2023
Audit fees
Payroll fees
Other services
10,512
733
500
10,862
720
522
Staff costs
2024
2023
Wages and salaries
Social security costs
Pension costs
122,165
2,638
2,895
113,132
162
2,664
127
During the year the PCC employed 7 {2023.' 81 people, none of whom earned £60,000 p.a. or more.
There were no employee benefits to key management personnel in the previous or current years.

THE CHURCH OF ST. PETER MANCROFT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Tangible fixed assets
Fixtures and
fittings
Octagon
Fixtures and
fittings
Chantry Hall
Tenant's
Improvements
Office
equipment
Total
Cost
Al 1 January 2024
Additions
Disposals
Al 31 December 2024
18,522
23,285
29,150
14,466
85,423
42
Depreciation
Al 1 January 2024
Charge for the year
Eliminated on disposal
At 31 December 2024
18,522
23,285
29.150
9,546
1,230
80,503
1,230
23,285
Net book value
Al 31 December 2024
Al 31 December 2023
9.2
Fixed asset investments
2024
UK listed investments
Market value - al 1 January 2024
Additions al cost
Disposal proceeds
Realised gains on disposal
Unrealised losses for the year
Movement in cash
766,092
45,671
1100,0311
2,606
{2,483)
Market value al 31 December 2024
686 215
Historical cost at 31 December 2024
Investments exceeding 5°/0 of the portfolio and cash held are as follows:
2024
Market
value
2024
Cost
CBF investment fund
Cash
199,341
9,595
48.334
9,595

THE CHURCH OF ST. PETER MANCROFT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
10.
Debtors
2024
2023
Other debtors
72.494
98.655
A24
Liabilities: amounts falling due within one year
2024
2023
Accruals and deferred income
38,769
25,445
Deferred Income
2024
2023
Deferred income brought forward
Released during the year
Income deferred during the year
4,750
14.750)
Deferred income carried forward
Deferred income at the year end related lo grants received for future periods.

THE CHURCH OF ST. PETER MANCROFT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
12.
Related Parties and Trustee Remuneration and Expenses
J Haggell a PCC member lunlil 25 April 20241 received remuneration, fees and expenses lolalling £4,48912023.'
£11,649) for his role as Organist.
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 roles as associate Priest and
Curate. Alice Lambert (resigned 4 December 20231 received living allowances and reimbursed expenses for the
prior year lolalling £1,655 in relation lo her Creating Space for God place. Other members of the PCC were
reimbursed for expenses in connection with the operation of the Church.
During the year, grants were received from Alderman John Risebrow's Charity amounting to £72,333 (2023..
£57,000). PCC members 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 £33,000 12023.. £39.0001 and from the
Vicarage Trust amounting lo £45.000 12023.. £40.000}. PCC members Geoffrey Loades and Colin Pordham are
Trustees of the Vicarage Trust. The Revd Canon Edward Carter. Helena Carr and James Hughes are Trustees of
the Mission Hall Trust.
During the year the PCC charged Mancroft Advice Project £11,574 12023.. £12,848) for ils share of
accommodation and expenses and £761 12023.. £1,576) for additional room hire. During the year grant
expenditure lolalling £12.749 12023.. £14,789) was paid to Mancrofl Advice Project in relation lo the support ol
rental costs. The Revd Canon Edward Carter is a Truste6 of the Man¢roft Advice Project. At the year-end £3.482
12023.. £3,956) was owed from Mancroft Advice Project.
The PCC gives a notional grant lo the Norwich Food Bank reflecting their use of the Chantry Hall twice a week.
Hire of Chantry Hall includes that notional amount which roughly equates lo the income which Gould otherwise
have been generated. During the year this was £6,00012023'. £5.5001 The Revd Fiona Haworth is a Trusteè.
During the year, donations. without conditions, of £18.31912023'. £11,308> were made by the PCC mèmbers lo
the Church.
13.
Analysis of net assets by fund
2024
Unrestricted
general
funds
Designated
funds
Restricted
funds
Endowment
funds
Total
Tangible fixed assets
Investments
Nel current assets
3,690
96.803
13,287
3,690
686,215
106,208
14.470
42,921
227,911
50.000
347,031
113.78_0
5_7,39_1
277.911
347.031
726,113
2023
Unrestricted
general
funds
Designated
funds
Restricted
funds
Endowment
funds
Total
Tangible fixed assets
Investments
Nel current assets
4.920
4,920
766,092
360,071
215,619
166,617
206.797
2,451
343.676
191.003
2a
.fiZfi L￿1

THE CHURCH OF ST. PETER MANCROFT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
14. Funds
Balance
brought
forward
1.1.24
Balance
carried
Investment
forward
gains Transfers 31.12.24
Income
Expenditure
Restricted funds
Legacies
Fabric repair
Mancroft Charitable
Organ fund
Risebrow Trust
Treasury and West End
Bell-chamber projeol
Raymond King income fund
EnergyILighling fund
Flower Fund
Creating Space for God
Other
14.429
36.184
11.822
34,019
14,410
9.599
38,422
8.815
392
57,358
320
999
72,846
261
16.151
202
183,917
1,042
658
4,033
17911
(8,3251
16001
11071
12901
1881
{2531
{1401
{71)
13,923
92,536
11,454
34,765
26,947
9,789
39,208
9,503
7,609
160.1691
115,3651
12,6471
1181,2671
11,052)
14,3521
15,513)
{55}
3,188
(2.6501
579
16)
20
1266}
563
3,674
40,969
39,223
209,248
338,179
1280,0811
11,256)
11.821 277,911
Endowment funds
Fabric Endowment fund
Raymond King Endowment
226,302
117,374
7,609
3,188
4,227
1872)
17.6091 230,529
13,1881 116,502
343,676
10,797
3,355
110,7971 347,031
Unrestricted funds
General funds, Legacies
General funds other
195,923
3,30Q
212.230 1366,322)
1903} 184,5401 113.780
154,092
Designated funds
Mancrofl Music
Vicarage Fund
Mission Hall Fund
EnergylLighling Fund
Bells Repair Fund
22,340
7,689
45,326
33,102
2,115 (333,461)
778
16.159)
12,586)
1164)
189) 142,6511
128) 133,0741
1579}
2,650
1213)
2.499
23,706
331.262
28,634
1,987
31,698
578,159
304,540
1708,5281
11,9761
11,0241 171,171
TOTAL FUNDS
.1.131￿2 65_3.AL&
L9Lll

THE CHURCH OF ST. PETER MANCROFT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
14. Funds
Balance
brought
forward
1.1.23
Balance
carried
Investment
forward
gains Transfers 31.12.23
Income
Expenditure
Restricted funds
Legacies
Fabric repair
Mancroft Charitable
Organ fund
Risebrow Trust
Treasury and West End
Bell-chamber project
Raymond King income fund
Heartedge
Flower Fund
Creating Space for God
Other
13.912
25,725
12.076
34,774
11,752
9,255
37,989
7,800
9,766
1,687
2,697
55,383
365
3,246
315
956
57,306
243
14,232
167
213
401
5.528
5,544
152
335
131
377
127
101
14.429
36,184
11,822
34,019
14,410
9,599
38,422
8.815
736
17001
{2,088)
154,775)
6,142
113,799}
12,263)
69
89
3,042
110,0681
11,5211
18,65SI
120,4841
579
413
526
40.969
222,816
88,516
1103,5491
1,936
1471} 209,248
Endowment funds
Fabric Endowment fund
Raymond King Endowment
209,071
116,108
6,141
3,044
17,231
1,266
16,1411 226,302
13,0441 117,374
325,179
9,185
18,497
19,1851 343,676
Unrestrlcted funds
General funds, Legacies
General funds other
159.143
467,125
212,270 1380,893}
2,568
1432,9131 195,923
168,623
Designated funds
Mancrofl Music
Vicarage Fund
Mission Hall Fund
EnergylLighling Fund
BeSls Repair Fund
20,904
6,290
40,349
39,577
15,0841
11,7571
230
145
240
22,340
138,737}
139,8171
350,000 331,262
2,500
28,634
118,7381
12,6471
27.814
683
284
207,861
766,294
1409,1191
3,467
9,656 578,159
TOTAL FUNDS
7_&5.&5fi
2I.&QO.

THE CHURCH OF ST. PETER MANCROFT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
14.
Funds Icontinuedl
Restricted funds
The Legacies fund includes the balance of a number of legacies made specifically for expenditure on the
choir and music.
The Fabric Repair fund contains the income arising from the Fabric Endowment fund and donations received
for expenditure on repairs lo the fabric.
The Mancroft Charitable fund consists of funds held on behalf of many small charities that were previously
administered by the PCC.
The Organ fund consists of the balance of funds from a previous major appeal and a legacy and other
donations, all specifically for restoration and repairs to the Wesl End organ.
Income from The Risebrow Trust supports youth work. choir and discretionary expenses, as detailed in note
The Treasury and Wesl End fund consists of the proceeds of the sale of shares donated by Paul King, and
other donations which are lo be used towards the Treasury and for Wesl End developments.
The Bell-chamber project sel up in 2013 consists of monies donated to be used for the improvement of the
bell Ghamber, together with Heritage Lottery Funding.
The Raymond King income fund Contains the income arising from the Raymond King Endowm8nt for Vicar's
and Churchwardens, discretionary expenses.
The Heartedge fund consists of grants given to develop churches and communities and help them reimagine
themselves and society
The Energyllighting fund relates to the installation of the Solar Panels and Air Heat Pumps and the improved
lighling system for the church inleriof. All these will move the church further along the path of carbon
reduction.
The Flower Fund was passed lo us by the flower arrangers. The Fund will continue to have donations added
to il and have disbursements lo purchase flowers specifically for the decoration of the Church.
The Creating Space for God provides experience of church ministry lo young people who are considering the
Ministry as a vocation. In effect it is akin lo a gap year internship. We are intending for it lo be continued in
2025 for up lo two new young people. It has been funded by contributions from church members and one or
two grants which we are hopeful will be also forthcoming in the next year.
Other reslricled funds cornprise a number of relalively small historic gifts made for specific purposes and are
appropriately utilised.
Endowment funds
The Fabric Endowment fund consists of investments and must be retained as capital. The income arising
from the Fabric Endowment fund adds lo the Fabric Repair fund.
Investment income from the Raymond King Endowment fund is added to the Raymond King income fund.
The PCC can transfer the fund capital to be used in the income fund as appropriate.
30

THE CHURCH OF ST. PETER MANCROFT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
14.
Funds Icontinuedl
Designatéd funds
The Mancroft Music fund consists of monies pul aside by the PCC lo be used for Mancroft Music concerts.
Grants received from the Vicarage Trust are used lo pay clergy expenses and lo off-set shortfalls in
unreslricled income.
Grants received from the Mission Hall Trust are used for repairs and capital works al the Chantry Hall and
Church Offices and lo offset shortfalls in unrestricted income.
The Energyllighling fund relates lo the inslallalion of the Solar Panels and Air Heal Pumps and the improved
lighting system for the church interior. All these will move the church further along the path of carbon
reduction.
The Bells Repair Fund, sel up in 2010, consists of monies pul aside by the PCC lo be used for repairs lo the
bells and associated equipment.
Transfers between funds
Transfers between restricted and unrestricted funds comprise of movements lo eliminate deficits in
restricted funds.
Transfers between restricted and endowment funds comprise of movements of investment income
generated from investments lo the corresponding reslricled funds.