Charitable Incorporated Organi53tion: 1163195
THE DIOCESE OF NORWICH CHURCHESTRUST
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

THE DIOCESE OF NORWICH CHURCHES TRUST
CONTENTS
Page
Reference and admlnlstrative detai15 of the charity, IVS trustee's and advisers
Trustees, report
ststement of financial activities
Balance sheet
Statement of cash flows
Notes to the flnanclal statements
8-10

THE DIOCESE OF NORWICH CHURCHES TRUST
REFERENCE AND ADMINISTRATIVE DEfAILS OF THE CHARITY, IT'S TRusfEE'S AND ADVISERS
FOR THE YEAR ENDED 310ECEMBER 2023
Trustees
The Ven Steven Betts, Archdeacon gf Norfolk
The Ven Keith James, Archdeacon of Norwich
The Ven Cètherine Dobson. Archdeacon of Lynn
Tim Sweeting
CIO Reglstered Number
1163195
Prlnclpal office
109 Dereham Road
Easton
NR95ES
Clerk & Treasurer
James South ACCA
Accounts prepared by
Norwich Diocesan Board of Finance Ltd
Diocesan House
109 Dereham Road
Easton
NR9 SES
Bankers
Bar¢lays Bank PLC
57 London Street
Norwich
NR2 IHS
Solicitors
Birketts
KinEfssher House
l Gilders Wav
Norwich
NR3 IUB
Page11

THE DIOCESE OF NORWICH CHURCHES TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees prèsent their annual directors, report together with the financial statement5 of the charity for the year
ending 31 December 2023.
The financial statements comply with the Charitie5 Act 2011 and Accounting and Reporting by Charities.. Statement
of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republie of Ireland IFRS 1021 leffective I january 20151
Objertives and activities
Overall objèdive5
The advancement of the Christian Gospel and faith within the Diocesè of Norwich by providin& administering,
maintaining, repairing. renewing and replacing churches or ecclesiastical buildings licensed for public worship in
actordance with the Christlan faith 35 re￿iVed by The Church of England.
Public Benefft
The trustees confirm that, in exercising their powers and duties, they have compiled with their duty to have due regard
to the guidance on public benefit published by the Charity Commission.
The Churches carry out services of wofship, marria8es, baptisms and funerals which are attended by the general public
and enrichÈs local communities by the provision of these services.
Structure, governance and management
Structurè
The trust wa5 founded on the 19 August 2015 and 15 a Charitable Incorporated Organisation.
Meetings
The trustees have rnet on an ad-hoc basis during the process of establishing the CIO.
Trustee5
The trustees are the three Archdeacons, in the Norwich Diocese. along with the Diocesan Secretary/Chief Exe¢utive of
the Norwich Diocesan Board of Finance Limited.
The trustee5 receive no remuneration for their work and the charlty does not have any salaried employees.
Risk Management
The Trustees have assessed the major ri5k5 to which the charitv 15 exposed, in particular those related to the operation5
and finances of the charity. and are satisfied that systems and procedures are in place to mitigate our exposvre to the
major risks.
Related partleslconnected charity
The Norwich Diocesan Board of Finance Limited was incorporated on 28 March 1906 and is a connÈcted charity of the
Diocese of Norwich Churches Trust.
Page12

THE DIOCESE OF NORWICH CHURCHES TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEM8ER 2023
Achlevement and Performance
Leaslng of Churches
At the beginning of 2023. there were fourteen churches leased to the trust.
Financial Review
Flnan¢ial Performance
The trust recetved income of £40,484 in 202312022 - £20.0851. this income relate5 to collections at services, statutory
parochial fees and other donations. The residual balance at year end. along with the grants from the All Churches Trust.
the Anne French Memorial Trust and the Norwich Diocesan Board of Finance Limited being treated as deferred income
is £32.12512022- £44.6211.
Of the fourteen churches in the trust. 10 of these no longer have any funds and are been funded from the unrestricted
funds. As at the 31" December 2023, deferred unrestritted fund5 Stand at £32,1251£44.621 in 20221.
Reserves Policy
Where a Church is leased to the trust. any incoming funds are restricted for that specific building. This is also the case
where collections are made in Church, a Statutory fee is received or any other situation where income would otherwise
have been passed to the PCC responsible for the building.
The grants received, tolalling £87,500 (current balance £32.1251 is an unrestri¢ted reserve which is expected to be used
towards the running costs of the charity but primarily where the restricted funds aligned to a church are exhausted. This
is to ensure that the building is maintained in accordance with the lease.
Due to the commitment of funding a building from unrestricted funds (approximately £1.700 per church) and the timing
to obtain additional grant fundin& the trustees monitor unrestricted reserves to ensure that they do not fall below
£25,000 for a prolonged period.
Going Concern
Now that churches are more regularly opened for worship, the in¢orne from collections increased slightly into 2023.
compared to 2022 and it is expected that income will either stabili5e slightly or increase in 2024. There are currently
sufficient reserves 1£32,1251 to be able to maintain the level of provision at the current levèl for the next twelve
months. In addition, the trust is due to lease four further churches in 2024. which will bring an increased level of
unrestricted fund5 into the trust.
On this basis, the trustees are satisfied that there are sufficient assets to ensure that the charity can continue to ftsifil its
obligations for the next twelve months.
Fundraising standards information
The Trust does not raise fund5 from the public via fundraising activities. It may however take collection5 held at services
in the Churches vested within the Trust.
The Trust is not re8lStered with the fundraising regulator. No professional fundraisers or ihird-party commercial
participants are used. No complaint regarding fundraising has been received and no advertising takes place regarding
fundraising.
Page13

THE DIOCESE OF NORWICH CHURCHES TRUST
TRUSTEES, REPORT
FOR THE YEAR ENDED 310ECEMBER 2023
Statement of Trustees, Responsibilities
The Tru5tee5 are responsible for preparing the Trustee's report and the financial statements in accordance with
applicable law and United Kingdom A¢¢ountin8 Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees tts prepaie financial statements for each
financial year which give a true and fair view of the State of affairs of the Charity and of the income and expenditure of
the charity for that period. In preparin8 these financial statement5, the Trystees are required to..
select 5Ultable accounting policies and then apply them consistently;
observe the methods and principles in the Charities Statement of Recommended Practice ISORPI;
rnake judgments and estimate5 that are reasonable and prudent..
State whether applicable UK accounting standards have been followed, subject to any material departures
disclosed and explained in the financial statements.
prepare the financial statements on the going concern basis unles5 It is inappropriate to presume that the charity
will continue in operation on the same basis from 12 months of the date of this report.
The Trustees are responsible for keeping adequate accoitrnting records that disclose with re850nable accuracy at any
time the financial position of the charity and enable them to ensure that the financial statements comply with the
Charities Act 2011, the Charity (Accounts and Reptsrt51 Regulations 2008 and the provision5 of the trust deed. They are
also responsible for safeguarding the assets of the charity and hence for taking reasonable Steps for the prevention and
detection of fraud and other irregularitTe5.
This report was approved by the Trustees on 30, September 2024 and signed on their behalf, by..
The Venerable Steven Betts
Page14

THE DIOCESE OF NORWICH CHUR¢HESTRUST
STATEMENT OF FINANCIAIAcfiviTIES
FOR THE YEAR ENDED 31 DECEMBER 2023
Unrestricttd
lund5
Restrlrted
lunds
2022 Total
fund5
Note
Total
Incomeand endowmentsfrom:
Transfer5 In
Donations and collections
Parothial Fees
Grants and Fundralslng
T4)tsl It)come
18.409
2,870
6,870
28,149
3,802
3,893
12,3
20.085
2,870
19,205
12,335
12,335
Expendltsre on:
Administration
Church Running Expenses
Churchyard
Building Works
Other
Total Expenditure
55
1,246
55
23,587
432
76
25,752
22,341
432
12
26,020
1.301
22,773
2d.074
Net Incomellexpenditurel
Transfer between funds
11,034
iii,oyi
5.376
11,034
16MIO
15.9351
Net movement In lunds
16.410
16.410
15,9351
Rewnclllatloth of fvnds-
Total funds broughtforward at l January 2023
Total funds carried lo￿ard at 31 Ottember Z013
42,233
58,643
42,233
58.643
48,168
42,233
The ntytÈson PaBe7 forms part of thesefinancial siaiements.
Pa8e 5

THE DIOCESE OF NORWICH CHURCHES TRUST
BALANCE SHEET
AS AT 31 DECEMBER 2023
Note
2023
2022
Current assets..
Bank Account
Debtors
rotul current assets
78,824
12,071
90.895
76.778
11.316
88,094
Creditors.. Amounts falling due within one year
Netcurrentossets
127
90.768
1.240
86.854
Creditors- amount5 falling due after more than one year
32.125
44,621
Totolnet assets
58,643
42,233
The funds of the charity:
Unrestricted funds
Restricted fund5
58.643
42.233
Totolcharftyfvnds
58,643
42.233
Page 6

THE DIOCESE OF NORWICH CHURCHES TRUST
CASH FLOW STATEMENT
FOR THE YEAR ENDING 31 DECEMBER 2023
Note
2023
2022
Cash flow from operatln8 artivities
Change in cash and tash equlvalents in the reportln8 period
2,046
119.3901
Cash and cash equivalents at 1st January 2023
76,778
96,169
Cash and cash equivalents at 31st December 2023
78,824
76,779
Reconclllatlon of net income to net cash flow from operatln8 actlvltes
Net income
Decreaselllncreasel in debtors
IDecreaselllncrease in creditors
16,410
17551
113,6091
IS.93SI
11.5541
111,9011
Net cash usèd in operating actlvltlès
2.046
119.3901
Analysis of cash and tash equivalents
Cash in hand
78,824
76.779
The finan¢ial statements were approved by the Tmstees on 30th September 2024 and
signed on their behaK by:
Chair
Pa8e 7

ThE DIOCESE OF NORWICM CNURCHES TRusr
NOTESTOTHE FINAficiALSTATEMÈNT5
FOR THE YFAR Ef4DEO 31 DECEMBER 2023
l. Accountin8 Poli¢les
1.1. BÈ$isolpreparatlon of flnancfjal stateymhts
The accountsllinantial 5taternent51 have been prepared underthe historical (ost convention with ItetTr5 reco8nlsed alco# or
trdn5attion ￿lue unlessotherw152 5t3ted In the relevant notelsl tothese •c(ounts. The financial Statements have been prepa￿d in
accordancewlth the51atement of Recomtnended Prattice.. Accounting Reportln8 bycharities preparing thelr 3CCOJnts in
ccordance wlth the Financial Reporting StaDd3rd applicable in the UK and Republic of Ireland IFRS 102115sued on 16 luly2014 and
the Financial Reportlng Standard 3pplicable In the United Kin8dom and Republic of Ireland IFR$ 1021 and the Ch3ritiesAct 2011.
TheTrust consiitvtes a public benefitentity a5 deflned by FRS 102.
1.2. Incornlni resourtts
l inrotning re50urce5 are Included in thÈ statement of finandal artivities on an accruals ba&s.
1.3. Resources expended
All expenditurels accounted lor on accruals ba￿5.
2. Int¢Jffle from
Unrestrkted futhds
Re5trlrted htnds
Totsi funds2023
Total funds2022
DonatlQn5
16,410
29)
16.410
290
1,999
1870
18.Y35
2,548
166
1,254
3.893
12.224
Collections
Statutory Fee5
Grants
Renta1 Income
2.870
6,400
80
12.335
100
40,484
12,335
28.149
20,085
J. ExpEndlture bychèrttable Attlv6ty
Vnrestdrted funds
Restrlcted luthds
Ttst•l fun¢J52023
Total fund52022
Bank Charges
Churchyard
Inspection
55
55
432
7.563
IL997
23
6SI
76
432
7,563
10,751
23
651
7,650
10,749
12
3,865
1.281
2.207
26.020
1,247
Mi
Roof Alarm
3,013
22.773
3￿1>
24￿74
1,301
Page 8

ThE DIO(SSE OF NORWICH CHURCHES TRUST
NOTESTO THE FINtsACIALSTATEMENTS
FORIHE YEAR Et4DED 81 DECEMBER ZOZY
4. Analysis olTTrn5fer Between Futhd5
Deferred Incom¢
12.3351
112.335
Unremrlcted fvnds
12.335
12.335
Restrictedlunds Total fund5 2020
Transfer from Oeferred Income
ThÈtran5ferfrom deferred incorne was made to match both thedeficii of general expendlture, being £1.301 andthe
transferto coverthe deficit of expenditure incurred where ￿$trIcted fund5 received from the parishes had been exhausted
which for 2023 was£ll,03412022.. £11,0291-
5. Debtors
Due wlthln othfr¥e•r
Prepayments and accrued Income
Energy Refund
Le63Cy
Donationsand Collection5
2023
10.420
1,551
Ic
2022
9,874
Bl
1.361
11.316
12,071
This cotnpr15e5 of Insurance paid forthe perlod Istjanuary 2024to 28th Septembèr 20241£9,5541 as well 35alarm
Subs(riptionsco￿r1n8 rhe period for 2024 of £866. There 15 also a legacvfor £1￿ which was used 38ainsttspital works
undertaken in 2023, but recewed In 2024.
6. Credltors
Credbtorg-aTh￿YThts fall1￿8 due ￿thIrt ont year
Other creditors
2023
127
127
zozz
1.240
1.240
Creditors- amounisfalllngdye •fterrnorethan Othe￿•r
Deferred Income
2023
2022
32.125
32,125
44,621
44,621
The atnount5 falling due Within one yearcomprisesof £127which relaiesto Utilllies bllled in 2024 for 2023 usage
Tru$tee Remuneration
Durlngthe year, nDTrustee5 received any remuneration12022.. nill
Duringihe year, noTrustees *ceived any benefits In klnd 12022.- nil)
Ouringthe year. noTrustees received any reimbursement ol expenses12022'. nlll
Pa8e 9

THE DIOCESE OF NORWCH CHURCHESTrU
NOTESTOTHE FINANCIALSTATEMENTS
FOR THE YEAR ENDED 31 DECEMMER 2OZY
7. Ststement of Funds
B•lwnce at Isr
J•nwry 2021
Incomln8
Resources
Resoyr¢e&
EMp¢nded
Transfer
between Mnd$
8al4Trce at 3151
De¢embEr2023
UThrestrkted FurK15
General Fund
12,335
1,301
111.0341
Re5trtrted Funds
Cantley. St Margaret
8run5tead
St Peterand Paul, Bittering Parva
St Margaret. Calthorpe
St Margaret, Calthorpe IPlasterl
St Lawrence, In8WOrth
St Lawrence. In8WOrth (Gfassl
St Lawrence. Ingworth Ichurch and
Chur¢hyardl
St LawreDce, Ingworth lThatrhl
St Nicholas. Shereford
All Saints. South Pi¢kenham
StAndrew's, Themelthttrpe
All Saint5. Wea5enham
St Boiolph's, Westwick
Be55lngham
957
2.438
958
1,825
1.342
1.481
852
154
236
106
1,671
1,478
i￿)
595
1,363
432
768
314
13,175
937
7Q¥)
195
278
13,175
549
714
1.102
1,208
508
801
2,261
2,539
2.0)1
1,660
1.199
2.597
1.807
1,064
1,652
37,797
458
37.894
1.757
1,108
50
91
2.547
Suflield
Battle Area Churthe5
Cr05tWick
1,218
l(K)
254
Totsi Restricted Funds
42.233
29,907
24.531
11,034
58.643
Totsl of FU￿d5
42.Z33
42.242
25,832
58,643
8. Summaryof Punds
YBht
ForvArd
Incomlng
Re50urces
Resou￿e5
Expended
Trnn$fer
betweeh fvnd5
Carrl•d Forw4*d
Genepl Fvnds
Restricted Fund5
IZ,335
29,SY)7
1.301
24.531
111.0341
11.034
42.233
58.643
42.2aa
42,242
Z5.832
58.643
9. Analyslsol Net Ass•t$ BÈ¢ween Funds
Unrestrlcted
funds
R•stritted
Fvnds
2023
Total Fvnds
TotolFynd5
2023
2022
Current a55ets
32.12S
58.643
90.768
86.854
32.125
58,$43
90,768
86.854
10. Rit•tÈd P¥rtyTransJrtlon
A balaTh￿ of £539vfiS due from the NoTwich DI0￿S3￿ Board of Finance Ltd12493181. Thi5 related to the net balan￿ of
statutory parochial lees due.
Pa8e 10

CHARITY CCIMhllSSION
| FOR ENGLANO ANO WALES
Independent examinerfs report
on the accounts
SeGtion A
Independent Examiner's Report
Report to the trusteesl
members of
&J ¢11
64tJncilrJ
l•S
On accounts forthe year
ended
Charity no
lif any)
I IbJiq<
Set out on pages
ir)
I report lo the tfustees on my examination of the 8ccs)unts of the above
charity {Ihe Trust"} for the year ended
Responslbllltles and As Ihe charity trustees, you are responsible for the preparation of the
basis of report a￿oUnts in accordance wlh the Charities Act 2011 1"the Act").
I report In respecl of my exarninati￿ of the Tnjst's accounts carried out
under section 145 01 the 2011 Act and in Car￿ng out my examination, I
have followed all the applicable Directions given by the Charity Commission
under seclion 145151{bl of the Act.
Independent
examiner'5 Statement
applie9￿]. O&18te I l ifnot applicable.
I have completed my examinalion. I confimi that no materlal matters have
come lo my attention
') in connedion whh
the examinatson which gives me cause lo believe that in, any material
respeGt.:
Ihe accounting ￿cOrdS were not kept in accordance with secllon 130
ol the Acl,. or
Ihe accLJunts did not accord wth the accounting records., or
the accounts did not comply with Ihe applicable requirements
conceming the form and content of accounls Sel out in the Charilieg
(Accounts and Reprytsl Regulations 2008 other than any requirement
that the accounts give a 'lrue and fairf Mew which is not a Matter
considefed as part of an independent examination.
I have no concems and have come auoss no other matters in connection
with the examination to whith attention should be drawn in this report in
order to enable a proper understanding of the 3Gcounls to be reached.
Please delel the wortls in Ihe brackets if they do not apply.
Slgned:
Date:
Name:
Rolevant professional
qualificationls) or body
(if any):
.Y.4c
IER
October 2018

Address:
Section B
Disclosure
Only complele If the examiner needs lo highlight matters of conGem (see GC32,
Independent examination of tharily accounts.. directions and guidance for
examiners).
Glve here details of any
Items that the examiner
wlshes to dlsclos8.
IER
October 2018