Registered Charity No. 212738
THE EARSHAM CHURCH TRUST (TOWN ESTATE)
ACCOUNTS FOR THE YEAR ENDED
31 DECEMBER 2023

THE EARSHAM CHURCH TRUST (TOWN ESTATEI
Trustees..
Rolg
Appointing Body
Rev C Hutton
Mrs Z Sprake
Mrs B Rush
Mr P J Weeks
A Somerfield
Chair
Incumbent
Secretary. Church Warden Ex Officio
Church Warden
Ex Officio
Twsurer
NDBF
pcc
Objects..
To fvrther thg religious arKI other ￿￿Tilable wort of ihe Church of England in the
Ec¢ksiastical Parish of All Saints, Earsham.
ConstitLrtion".
Order issued by the Charity CommissKsn Ihe 4th June 1992
Solicf(ors'.
MilL8 and Reeve
Redwell Street
Norwich
Norfolk
Independent Examiner. G Kerkham
Larking Gowen LLP
Chartered Accountants
Faiers House
Gilray Road
Diss
IP22 4WR
Bankers..
Barclays Bank plc
Waveney Valley Branch
Bungay
SLrffolk

THE EARSHAM CHURCH TRUST (fowN ESTATE)
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
TRUSTEES. ANNUAL REPORT
The main asset of the Trust is the money raised by the sale of land in the centre of Earsham
village for housing. The sale was proposed by the then Rertor. John Walden. because the village
school was threatened with closure. It was intended that money could be used to improve the
school, and the new house5 would provide greater pupil numbers. Improvements were made to
the school using Trust funds. but since then a new school ha5 been built and the old school
disposed of.
The Trust is now for the benefit of the church in Earsham and, as it has a central role in the
benefice, it provides benefits for the other parishes within the benefice. The sale of land raised
£400,000 which was invested in a number of Investment Funds- one held in the name of the
Trust and two held in the name of The Norwich Diocesan Board of Fin3nce Ltd. These fun(Is
generate quarterly income. From this income the objects of the charity are carried out.
The Trust also owns a section of marshland comprising 3.88 acres which is currently let to
provide a small amount of rental income.
Objectives: To further the religious and other charitable work of the Church of England in the
Ecclesiastical Parish of All Saints. Earsham. The Trustees invite requests for Erants from Earsham
PCC and allocate income accordingly towards running costs and also to fund pastoral work.
Achlevements and performance: The charity made a grant of £20,OW to the EarshaTn Parochial
Church Council in the year to support the church finances including the parish share. A further
grant of £800 was made for the local primary schcrfjl to fund a visit to the theatre.
Reserves: The Trustees. policy on reserve5 IS to maintain a minimum of £10,000 of free reserves.
The Trust currently has free reserves amounting to £59.21712022= £55,1911. These funds have
accumulated over a period of time and will be used to meet the costs of forthcoming projects
which include the landscaping of the church meadow.
The Trustees have had regard to the guidance issued by the Chartty Commission on public
benefit.
Approved by the Trustees and signed on their behalf by:
PJ Weeks
Date:

Independent Examine￿& Report to the Ea￿haM Church Trust (Town Estate)
I report lo the Injstees on my exaMInatK￿ of the ￿c￿lnts of the Trust for the year ended 31
December 2023 whKh are sel out on pages 4 10 7.
Responslbilitie$ and basis of report
As the charity trustees of the Twst you are respx)nsible for the preparation of the accounts in
accordance with the requirements of the Chant*s Act 2011 Ilhe Act.).
I report in re$￿t of my examination cl Ihe Trust's actounts cained out under section 145 of
the 2011 Act and in carrwng out my examInat￿)n I have folkw￿1 all the applKable DireclK)ns
gThien by the Charity Commission under secti￿) 14515}Ib) of IheAd.
Indepgndent examinerfs ststem¢nt
I have ccAmpleled my examination. I confirm that Th) mateiial matters have come to my
attention in C￿neCtion with the exanination giving me t￿use to ttlieve th81 in any material
respect..
accounting records were not kept in resFect of the Trust as rewired by Sect￿rt 130 of
the Act,. or
121
the accounts do not accord wtih those records.
I have no concems and have ￿me across no other matters in connectK)n with the
examination to which attenlion shoukl ￿ drawn in this rewt in order to enable a prO￿r
understsnding of the accounts lo be ￿￿hed.
G Kerkham FCA
Larklng Gowen LLP
Chartered Accountants
Faiers House
Gilray Road
Diss, Norfolk
IP22 4WR
Date: 221912024

THE EARSHAM CHURCH TRUST (TOWN ESTATE)
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
GENERAL (UNRESTRICTED) FUND RECEIPTS AND PAYMENTS ACCOUNT
2023
2022
Notes
Recel
Receipts from investments
Bank interest
Dmdends
470
30.404
31.065
.874
31.109
Other ineoming resources
Rent
190
190
Total receipts
31.(b4
31,109
Pa
Charitable 8Ctivit
PCC running costs
Drainage rates
Landscaping
Grant to Earsham School
20.O¢J)
13
5,491
20.0
590
26.304
20,599
Governance Costs
Professional fees
582
552
Total payments
26.886
21,151
Excess of receipts over payments
Cash balan￿$ brought forward
4,178
55.680
9.958
45,722
Cash balances carried foThvard
59.858
55,680

THE EARSHAII CHURCH TRUST (TOWN ESTATE}
STATEMENT OF ASSETS AND UABILMES AT 31 DEcEI￿R 2023
2023
ASSETS
Investm•r
Cwrtal acwunt
Incx¥ne account
1.128,445
13,1C6
1,036,627
12.413
Bank Balan￿ts
Busine86 Premlum ￿jnI
59.859
55,678
Ac£rued r￿me
Rent
1,202,410
1,104,813
LL481LmE8
Cr•dltorn
16421
{582)
1.104.231
RepRESENTED BY
InccAne Accounl
71323
67.807
Caphal Account
1.129.445
1.036,624
1104231
Approved by the Tru8te88 BIgn￿ on thelr b81￿11 by.
Name:
14
D•te:

THE EARSHAM CHURCH TRiIST ffOYIN ESTATE)
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31sr DECEMBER 2023
2023
2022
Value
¢￿t
Valuo
1. CAPITAL
Investments hekj in the name of
NO￿lth Dirtesan Board of FIna￿e
Central Board of Finar￿e ot thè Churth
Investment Fund..
44,216 shares @ 2,¢A6.14p
227.192
999.516
227.192
913.564
Central 8oar(l of FinaTr￿ of the Churth
Fixed Interest Se(AJrities Fund."
89,761.14 sha￿$
137.1C
142,614
129.929
142,614
123,063
369.8l￿ 1,129,445
369,806 1,036,627
The investmènts at 31 tknember 2023 are stated in the ststement of assets and liatilrfies at market
value and are held in the name of The Nomch Dbocesan Board of Fltsrt￿..
2023
2022
Cost
Value
Cost
Val
2. INCOME
Investments held in the name of
The Earsham Churth Trust.
Central Board of Finance of thè Churth
Fixed Interest Securities Fund..
9.054.14 shares @ 137.10p
15.000
13,1C6
15.000
12,413
The investments at 31 Decernl￿r 2023 a￿ Stat￿ in the balance sheet at market value and are held
in the name of The Earsham Church Trust.
2023
2022
3. CAPITAL
Opening balance
Increase l {de¢reasel in value of capital invesb)ients
1.036.624
92.821
1.177,591
1140,967)
1.129.445
1.036,624

THE EARSHAM CHURCH TRUST (TOWN ESTATE)
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2023
2023
2022
4. INCOME AccouTrir
Opening balance
67,607
59,508
Excess of receipts over payments
Movement in accruals
Movement in accrued income
4,178
(60)
{951
9,958
130}
95
71,630
69,531
{Decreasel I Increase in value of inwne investsments
693
11.9241
Closing balance
72,323
67,607
5. GRANTS
Grants made to Earsham PCC have been made (Mjt of income.
6. ACCRUED INCOME
The trust is ov4ed £Nil in respect of rent whKh had ncrt been rece￿1 at 31 December 202312022: £￿1.
7. ACCRUALS
The trust (Iwed £642 in respect of the irbdepernlenl examinatK)n fortheyear end￿ 31 December 2023
12022.. £5821.