Chafity number: 267414
THE ST PETER MANCROFT VICARAGE TRUST
UNAUDITED
TRUSTEES, REPORT AND FINANCIAL ¥TATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

THE ST PETER MANCROFT VICARAGE TRUST
CONTENTS
Page
Reference and Admlnlstrallve Detalls olthe Charity. its Trustees and Advlsers
Trustees. Report
Indgpondont Examinefs R•port
statement of Flnancial Activitsos
Balance Sheet
Notss to the Financlal Stst8ments
8-12

THE ST PETER AIANCROFf VICARAGE TRUST
REFERENCE ANO ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees
Geoffrey Loades. Chairman
Paul R King
Cdin I Pordham
L Caroline Jarrokl
Cherri D Moseley
C R Tc*)rdS Harris
Chartty rgglstored
number
267414
Principal offlcg
5 The Mev+
Artington Lane
Norwich
NR2 2BY
countants
Larking Gowen LLP
Chartered Accountants
1st Floor Prosped House
Rtxjen Road
NR1 1RE
BankeF5
Barday5 Bank plc
517 Red Lion Street
Norwich
NR3 4DY
Solicitors
Howes Perov
Flint Buildings
l Beddir@ Lane
Norwith
NR3 1RG
Investmont Managers
Barratt & Cooke
S Opie Street
Norwich
NRI 3DW
Page 1

THE ST PETER MANCROFT VICARAGE TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 310ECEMBER 2024
The Tnjslees present their annual report IcN3ether with the financial statements of the Charity for 1 January 2024
10 31 December2024.
Slru¢tur•, governan¢• and management
a. Constitution
The St Peter Mancmft Vicarage Trust is govemed by a De￿1 of Trusl dated 12 February 1896 and schemes of
20 November 1951, 11 De￿rnber 1972 and 3 September 1973 anLI 8mended on 9 November 2017. It is a
registered charity. No. 267414, with the principal office beiThJ 5 The Mews. Artinglon Lane, Norwich, NR2 2BY.
The Trust appears on the Chartty Commission Register as -charity for a Vicarage 8nd Augmentation of the
Income of the Vicar. For reasons of administrative txxwen1en￿. accounts are drawn up to 31 December
annually-
b. Methods of appolntment or el8Ctlon of Tru$tses
New Trustees are appointed by the existing Tru51ee b(Mly. The majority of r￿1 appointrnents are from the
congregation of Sl Peter Man¢roft Church, Norwch. In actordance with good practice al least two of the
Trustees 8re not members of the uJngregalK)n. The Trust Deed Was amended on 9 November 2017 to provide
that the number of Trustees sh811 not be reduced to less than fr48.
c. Public beneflt
The Trustees confimi Ihal in exerusing their pM)weTS and dut￿5. they have complied wTrth their duty lo have due
regard lo the guidance on public benefrt published by the Charity Commission.
ObJoCtIvos and activities
a. Objects. Organisation and Actlvllles
The income of the Tnjst should ￿ applied in:
al Augmenling to extent as the Trustees think frt the stipend of the wi￿r of the Ecdesiastical Parish of
st Peter Manuoft Norwth.
bl Toward meebng the expenses of prowdir¥J deri(81 or lay help for the said Vicar.
cl Furthering religious and other tharitable work of the Church of England in the Ecclesiastical Parish.
The Tnjsl makes grants to St Peter Mancroft Church. which treats that In￿Me as unrestricted contributions
towards the Church's genèral mission.
Page 2

THE ST PETER IAANCROFT VICARAGE TRUST
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
Obje¢tlvo$ and activities l¢ontinu•d)
b. Revièw of transactions and finan¢lal position
The Charity recorded a deficit for the year of £1.813 {2023: £4.082 dèfiol). This was before quoted investrnenl
gains of £17,008 {2023-. £30.222 gains).
Grants amounting lo £45,c￿ {2023: £40,rA)01 were made lo St Peter Man(¥oft PCC: al the year end £15.000
12023.. £10.0001 was induded in creditor5 in respect of these grdnts.
The Trustees invested the proceeds from the sale of Chantry House in 2003 in medium risk investments. Day to
day investment decisions have been delegated lo the Investment Managers. who have discretion lo operate.
Flnancial revlew
. Ro$ar¥es pollcy
Free reserves. being the total funds of the Chanty avarfable for use at the Trustees. disc¥ekn"on, amounted lo
£1,364,573 at 31 December 2024.
UnreslTiCted funds are hekl as the General FurKI th8 Chanty House FuTrJ. The Chantry HoL¢se Fund
1£1,354,9761 holds the capitsl proceeds that arose from the diswJs81 of Chanty House. Income therefrom is paid
into Ihe General Fund1£9.5971. lo fund grants and administratM)n costs.
The Trustees aim lo leave the Chantry House FurKI capFtal intact and lo maintain ts Gener81 Fund al a level
sufficienl to pay professional and other adminislration fees as they arise.
Page 3

THE ST P￿ER MANCROFT VICARAGE TRUST
TRUSTEES. REPORT (CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2024
SL7ternent of Trusteas. rnsponsibiliti¢$
The Trusle8s are responsible for p￿paring the Truslees. Re￿)rt 8rKI the financial statements in accordance with
applicable law and Unitgj Kingdom Accounting Standards (United lQryJdom Generalty Accepted A¢coLJnting
Practice).
The law applicatAe to charitles in En￿and & Wath requi￿$ the Twstees to prepare finar￿la1 slalemenls for
each financsal year which gNe a twe and fair view of the stale of affairs of the Charity and of its incoming
resources and application of resources, induding its In￿Me and expenditure. for thal period. In preparing these
financial ststements, the Trustees are required to..
select SUrtab￿ acc(yJnling syjicies and then appty them o)nsisterbty.
observe the methcmts and principles of the Charities SORP {FRS 1021,.
mak8 judgments and accounting estimates that are reasonable an¢J prudent..
stale whether applicaLle UK Acc(yJnting Standards IFRS 1021 have been followed, subiect to any material
departures disdosed and explained in the finanual statements.,
pr8pare the financial statements ￿ the g¢ing cMcern basis unless it is inappropriate to presume that the
Charity will continue in business.
The Tru51ees are reswnsible for keeping ￿equate accounting rec(wds that a￿ sufficient lo show and explain
the Charitys transactions and disdose with reasonable ac￿raCY at any time the finanaal posrtion of the Charity
and enable them lo ensLbre that the finanaal stslemenis cOm￿Y with the Charriies Act 2011. the Charity
IA¢¢ounls and Reports) Regu18tsons 2LK)8 and the provisK)ns of the Trust deed. They are also responsible for
safeguarding the assets of the Charity and hen￿ for taking reasonable steps for the p￿Vention and detection of
fraud and other irregularities.
Approved by tyder ol the rnembers ofthe t￿rd of Trustees a￿1 Sign￿ cm their behalf by.
Colln I Pordham
(Trusleel
Date..
Page 4

THE ST PETER mANCR0￿ VICARAGE TRUST
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
Independent Enmlnerfs Report to the Tr￿te0S of The St P&ter Mancroft Vicarnge Trust I'the
Charlty'l
I report lo the charity Trustees on my ex8minatm of the accounts of the Charity for the year ended 31
December 2024.
Responslbilltigs and Basls of Report
As the Trustees of the Charity you are resFX)nsible for the preparathyi of the aco)unls in accordance wlh the
requirements of the Charities Act 2011 {Ihe 2011 Acri.
I report in respect of my examination of the Charitys acc(MJnts carried out under sectM)n 145 of the 2011 Act and
in carrying out my examination I have fc41owed Ihe applicable Direcb"ons given by the Charity Commission under
section 14515llbl of the 2011 Act.
Indepondent Examinerfs Statomenl
Your attention is drawn to Ihe fact that the Charity has prepared the amwnts in accordan￿ with Accounting and
Reporting by Charities: Statement of Recommended Prathce applicable lo charities p￿paring their accoLtnls in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in
preference lo the Accwnling ar)d Reporbng by Charit￿$.. Statement of Re¢￿￿mended Practic8 i&sued on 1 April
2005 which is refeffed to in the extant regulations but has been withdrawn.
I have (xjmpleled my examination. I confirm that Th) matters have come to my attenb.on in (￿ne￿lOn with the
examination giving me cause to believe that in any materi81 ￿SpeCt=
acc(MJnling records wer6 not kept in resF*ct of th& Charity as required by seclion 130 of the 2011 Actr, or
the accounts do not accord wilh those rgcords,. or
the accounts do not compty wth the applicable requireTnents 1x)n￿Ming the fomi and content ol
accounts set out in the Charit￿S (Accounts and Reports} Regulab"ons 21Y)8 other than any requirement
that the accounts gNe a Irue and fairf vi8* v*hith is a matter o)nsidered as part of an iNJeperKlent
examination.
I have no concems and have C4)me across no other matter5 in connectton with the examination to which
attention should be drdwn in this rewt in order to enable a proper understanding of the accounts to be feached.
This report is made solety to the Charitys Tfustees. as a trmjdy. hi a&))rdan￿ wth Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My ￿ has been urnlèrtaken so that I mKJht state lo the Charitys
Trustees those matters l am ￿quired to stale to them in an Independent Examinerfs Report and for no other
purpose. To the fullest exlenl pemiitted by law. I do not accept or assume reswnsibility to anyone other than the
Charity and the Charws Trustees as a bcrfty. for my work ￿ for this rwt.
Signed:
Dated:
Giles Kerkham FCA DChA
Larking Gowen LLP
Chartered Accounlanls
Norwich
Page 5

THE ST PETER klANCROFT VICARAGE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted
fvnds
2024
Total
fund$
2024
Tot81
funds
2023
Note
Income fr¢)m:
Investments
44.807
44,807
40.085
Total Income
44,807
44,807
40,085
Expendlturo on:
Brokers fees
Gharilable activities=
Granls
Independent examiners fees
2,607
45.0011
1.62D
45.000
1.620
40,000
1,560
Total expendlture
46.620
46.620
44,167
Not expenditurè before net gains on investments
Net gains on investments
(1.813}
17.(KJ8
(1,813)
17.008
(4.082)
30,222
Net movement in funds
15,195
15.195
26,140
Reconciliation ¢f funds:
Total funds brought forward
Nel movement in funds
1.349,378
15.195
1.349.378
15,195
1,323,238
26, 140
Totsl funds carried forward
1.364.573
1,364,573
1,349,378
The Statement of Financial kntivites includes all gains and losses recognised in the year.
The notes on pages 8 to 12 fom part of these financaal statements.
Page 6

THE ST PETER MANCROFT VICARAGE TRUST
BALANCE SHEEr
AS AT 31 DECEMBER 2024
2024
2023
Fixed a$sgts
Investments
1.318,708
1.332.66T
1,318.708
1,332,667
Current assets
Debtors
Cash at bank and in hand
587
61.898
1.677
26,594
62.485
28,271
Creditors.. omounts falling due within
year
{16,620)
(11.560)
Net curr•nl as$gts
45.865
16,711
Total assets less curren¢ liabilities
1,364,573
1,349,378
Total net a$s•ts
1,364,573
1,349.378
Charity funds
UnreslTiCted funds
1,364.573
1,349.378
Total funds
1,364,573
1,349,378
The financial statements were approve(l and authorised for issue by the Trustees and signed on their behaw by..
Colin I Pordham
(Trusleel
Date. ILr
The notes on pages 8 to 12 form part ol these finanoal statements.
Page 7

THE ST PETER PAANCROFT VICARAGE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng poll¢le$
1.1 Basis of preparation of financial statements
The finanaal ststements have been prepared in acCOrda￿e vthh the Charities SORP {FRS 1021-
Accounting and Reporting by Chariti8s: Statement of Recommended Practi￿ applicable to charities
preparing their accounts in accordance ￿￿th the Finanaal Reporting Stsndard applicable in the UK
and Republic of IrelarKI {FRS 1021 (effectrve 1 January 2019). the Financial Reporting Stsndard
applicable in the UK and Republic of Ireland (FRS 1021 and the Chartties Act 2011.
The St Peter Man¢roft v￿rage Trust meels the definitIr￿ of a public benefit entity under FRS 102.
Assets and liabilities are initialty recognised al historic81 wsl or Irdnsaclion value unless otherwise
stated in the relevant accoJntiNJ FKAiry.
12 Fund accountlng
General funds are unrestricted funds which a￿ availaNe for use at the disuelion of the TNslees in
furtherance of the generdl obieclNes of the Charity and whith have not been designated for other
purposes.
Investment income. gains and k)sses are al￿)￿ted lo the apwopriate furKI.
1J Income
AJI income is rec(KJnised the Charity has entilthent to the irbcoma. il is probable that the
income will be receivefj and the amount of In￿Me receivable can be measure(J rebiabty.
1.4 Expendlture
Expenditure is recognised once there is a legal c￿ constructfve otAigation to transfer econom￿ benefit
lo a third party, it is probatAe that a transfer of economic benefits will required in settlement and
the amount of the ob1igats.c￿ can t* measurwj ￿lia￿y.
ExpendKture on raising funds includes all expendilure incurred by the Charity to raise funds for ils
charitable purwses and indudes costs of all fundrdiSing athvities events and non•charilable trading.
Expenditure on charitsble acbvthes is incurred on diredy undertaking the activities Ythich further the
Charity's objectives. as well as any as%)ciated support cx)sts.
1.5 Invostm8nts
Fixed asset investsnents are a forni of financial instrument and are inibally recognised al their
transaction cost and s¥Jbsequenty measured al fair value at the BalarKe Sheet dale. unless the value
cannot be measured reliably in which case it is measured at cost less impairment. Investment gains
and losses, whether realised or unrealised, are comtsn8d and presented as 'GainsllLossesl on
investments. in the Ststement of Financial Activibes.
1.6 Debtors
Trade and other debtors are re(x¥Jnised at the setdement amount after any Irade discount offered.
PrepayTnents are valued at the amount prepaid nel of any trade di%counts due.
Page 8

THE ST PETER PIANcR0￿ VICARAGE TRUST
NOTES TO THE FINANCI￿ STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng poll¢les {contlnued)
1.7 Cash at bank and in hand
Cash at bank and in hand indudes cash and short-temi highly liquid Mvesth78nts with a short maturity
of three months or18ss frcAn the date of acqUI￿tion or opening of Ihe d8posit or similar account.
1.8 Liabilities and provlsions
LIab￿ltieS are r￿nIsed vthen th8re is an cdigal¥M at Ihe Balar￿ Sheet date as a result of a past
event, it is probable that a transfer of econom￿ benefft will be required in settlement. and the amount
of the Set￿ement can be est#nated reliably.
Liabilities are tecogrbised at Ihe amount that the Charity anliupates il will pay lo settle the debt or the
amount il has received as advanced payTnents for the goods or services it must provide.
Investmént Incomo
Unrestriclod
funds
2024
Total
lunds
2024
Total
funds
2023
Listed investrnents
44,807
44,807
40.085
Total 2023
40.085
40.085
Anatysls of grants
Grants to
Institut•ons
2024
Total
funds
2024
Total
funds
2023
Sl Peter mar￿0ft PCC
45.(YJO
45,000
40,000
Total 2023
40,0(X)
40,000
Independent examinef5 remuneration
The indeper￿ent examinerfs remunerdtvjn amounts lo an independent examiner fee of £1.620 12023 -
£1,560).
Page 9

THE ST PETER lAANCR0￿ VICARAGE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees. rgmuneration and expense¥
During the year. m Trustees received any remuneration or olher benefits (2023- £NIL).
During the year ended 31 December 2024, no Twstee exPer￿eS have been incurred (2023- £NIL?.
Flxed asset Investments
Listed
investments
Cost or valuation
Al 1 January 2024
Additions
Disposals
Revalualvjns
1.332,667
396,981
1427.9481
17,008
Al 31 D￿mber 2024
1,318,708
Not book valua
Al 31 December 2024
1,318,708
Al 31 December 2023
1,332,667
Debtors
2024
2023
Accrued investment income
Accrued interest
549
1,352
325
38
587
1,677
Page 10

THE ST PEfER MANCROFT VICARAGE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Creditors: Amounts falling due within one year
2024
2023
Sl Peter Mancroft PCC grant
Ac¢ruals
15.000
1.620
10,000
1,560
16.620
It,560
S*atemsnt of funds
Statement of fvnds - current year
Balan¢e at
31
Galnsl DeceM￿r
{Los$¢sl
2024
8alan¢e at 1
January
2024
Income Expgnditure
Unr•strict¢d funds
General FLbnds
Chantry House Fund
11.410
1,337.968
44.807
(46.620)
9,597
1,354.976
17,008
1.349,378
44,807
{46.620)
17,008
1,364,573
statsment of funds - prlor year
Ba18n￿ 81
31
09￿mber
2023
8818nce al
l January
2023
Gains/
(Losses)
Incorne Expenditu
Unrestricted funds
General Funds
Chanty House Fund
12,885
1,310.353
40.085
(41.560)
12,607)
11,470
1.337,968
30,222
1.323,238
40,085
(44, 167)
30,222
1,349.378
Page11

THE ST PETER MANCROFT VICARAGE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
10.
Relatsd party transa¢tlons
There were no transactions related parties other than grant payments to Sl Peter Mancroft PCC
(Note 3}
Page 12