Registergd Charity No. 212738 THE EARSHAM CHURCH TRUST (TOWN ESTATE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
THE EARSHAM CHURCH TRUST (TOWN ESTATE Trustees.. Role Appolnting Body Rev C Hutton Chair Incumbent Mrs Z Sprake Secretary. Church Warden Ex Offtio Mrs B Rush Church Warden Ex OFficio Mr P J Weeks (to 9 January 20251 Tasurer NDBF A SomerfEkl pcc Objects: To further the religious and other charitable th of the Church of England in the Ecclesiastical Parish of All Saints, Earsham. Constitution.. Order issued by the Charity CommissK)n on the 4th June 1992 So1110rS'. ills and Reeve Redwell Streel NOn1¢h Norfolk Independent Examiner.. G Kerkham Larking Gowen LLP Chartered Accountants Faieis House Gilray Road Diss IP22 4WR Bankers.. Barclays Bank p Waveney Valley Branch Bungay Suffolk
THE EARSHAM CHURCH TRUST ITOWN ESTATE) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 TRUSTEES. ANNUAL REPORT The main asset of the Trust is the money raised by the sale of land in the ntre of Earsham village for housin8. The sale was proposed by the then Rector, John Walthn. because the village school was threatened with closure. It wa5 intended that money could be used to improve the school, and the new houses would provide greater pupil numbers. Improvements were made to the school using Trust fund5, but Since then a new school has been built and the old school disposed ol. 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 Finance Ltd. These funds generate quarterly income. From this income the objects of the tharity 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. ObJectlves'. 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 grants from Earsham PCC and allocate income accordingly towards running costs and also to fund pastoral work. A¢hlevements and performance: The charity made a Brant of £20,IXK) to the Earsham Parochial Church Council in the year to support the church finances including the parish share. A further grant of £3,200 was made to the local primary schwl. Reserves: The TTUStees' policy on reseNes is to maintain a minimum of £10,000 of free reserves. The Trust currently has free reserves amounting to £69.59712023: £59.2171. These funds have accumulated over a period of time and will be used to meet the costsof forthcoming projerts. The Trustees have had fegard to the guidance issued by the Charity Commission on public benefit. Approved by the Trustees and signed on their behalf by. CL.K,L ILL Rev C Hutton Date:
Indepgndgnt Examinees Report to the Earsham Church Trust (rovffl Eststs} I report to the Injstees on my examinatN)n of the COUnts of the Trust for the year ended 31 DeCeMr 2024 whh are sel oul on pages 4 to 7. Ro$ponsibilitieB and basls of report As the Charity Iruslees of the Trust you are responsible for the preparation of the accounts in accordants with the requirements of the Charrties Act 2011 I-the Act"). I report in respect of my examination of the Trust's accounts car1 out under section 145 of the 2011 Act and in carrying out my examinalKJn I have foll¢Md all the appli¢able Directn$ given by the Charity Commission under sect 145151(bl of theAd. Independent examinerfs statement I have completed my examination. I confimi that no mate1 matters have come lo my attentn in connection wtih the exaninalk)n giving me cause lo believe Ihat in any material respect. accounting words were not kept in resFect of the Trust as required by seth.on 130 of the Act,. or {21 the &counts do not accord wth those reu)rd& I have no concefns and have come acfoss no other matters in conrEclion with the examination to which allenlion should be drawn in this rept in ordei to enable a proper understanding of the accounts to be reached. G Kerkham FCA Larking Gow¢n LLP Chartered A¢countants Faiers House Gilray Road Diss, Norfolk IP22 4VIR Date: 6 February 2026
THE EARSHAM CHURCH TRUST (fowN ESTATEI FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 GENERAL {UNRESTRICTEDI FUND RECEIPTS AND PAYMENTS ACCOUNT 2024 2023 Notes Recei Receipts from inveslmenls Bank interest Diwdends 915 34,336 470 30,404 35.251 30,874 Other incoming resources Rent 190 190 Total receipts 35,251 31,064 Pa ments Charitable activrties PCC running costs Drainage rales Landscaping Granl to Earsham Sehwl 20,( 20,000 13 5.491 14 978 3,200 24.192 26,304 G0Veman costs Prolessional fees 642 582 Total payments 24.834 26,886 Excess of receipts over payments Cash balances brought forward 10.417 59.858 4,178 55.680 Cash balanS carried forward 70,275 59,858
THE EARSHAM CHURCH TRUST (TOWN ESTATE) STATEMENT OF ASSETS AND LIA8IUTIES AT 31 DECEMBER 2024 2024 2023 Notss ASSETS Investments Capital account Income account 1.1.245 13.501 1,129,445 13,106 Bank Balances Business PmiuM account 70.275 59.859 Accrued income Rent 1.240.116 1,202,410 LIABILITIES Credito 1678) 16421 1.239.438 1,201,768 REPRESENTED BY Income Account 83,193 72.861 CapfÉal Account 1.15S.245 1,129.445 1.239,438 1,202,306 Approved by the Trustees and signed on their behall b. Name: Date:
THE EARSHAM CHURCH TRUST (TOWN ESTATE) NOTES TO THE ACCOUP FOR THE YEAR ENDED 31ST DECEMBER 2024 2024 2023 Cost Value Cost Value 1. CAPITAL Investments held in the name of Norwch Diocesan Board of Finance Central Board of Finance of the Church Investment Fund". 44,216 shares @ 2,224.6p 227,192 1.022.393 227,192 999,516 Central Board of Finance of the Church Fixed Interest Securrties Fund.. 89,761.14 shares @ 149.12p 142.614 133.852 142.614 129,929 389.8[ 1.156,245 369.806 1,129,445 The investments at 31 Dember 2024 are stated in the stslement of assets and Irdbilrties at market value and are held in the name of'The NorvAch Dhxesan Board of Finance.. 2024 2023 Cost Value Cost Value 2. INCOME Investments held in the name of The Earsham Church Trust. Central Board of Finance of the Church Fixed Interest Securities Fund". 9.054.14 sha$ @ 150.8p 15.000 13.501 15.000 13.106 The investments a131 December 2024 are stated in the balance $et al market value and are held in the name of The Ear5ham Church Trust. 2024 2023 3. CAPITAL Opening balan Increase I Idecreasel in value of capital investments 1.129,445 26.800 1,036,624 92,821 1.156,245 1,129,445
THE EARSHAM CHURCH TRUST ITOWN ESTATE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024 2024 2023 4. INCOME ACCOUNT Opening balance 72,323 67,607 Excess of receipts over payments Movement in accruals Movement in accrued income 10,417 {371 95 4,178 1601 (951 82,798 71.630 (Decrease) I Increase in value of income investments 395 693 Ck)sir4J balance 83.193 72,323 S. GRANTS Grants made to Earsham PCC have been made out of income. 6. ACCRUED INCOME The trust is owed £95 in respect of rent whth not been receiv8J al 31 December 202412023.. £Nill. 7. ACCRUALS The trust owed £678 in respect ol the independent exwnination forthe year erKled 31 December 2023 12023.. £6421.