2025-03-31-accounts

Heritage Community Preservation

ANNUAL REPORT 2024–2025

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The Norfolk Churches Trust Ltd

Patron

His Majesty The King

Vice Patrons

The Duke of Norfolk The Bishop of Norwich The Bishop of Ely

President

General Lord Dannatt, GCB, CBE, MC, DL

Vice Presidents

Bolton Agnew, Charles Bingham-Newland, Emma Bridgewater DBE Neil Foster, Mrs Sara Foster DL, Lady Fraser, Roger Last, Peter Sheppard

Trustees/Directors

Mrs Rosabelle Batt (Chairman) Dr John Maddison (Chairman, Grants Committee) Michael Sayer , Mrs Amelia Courtauld Sarah Countess of Leicester[] , Ian Lonsdale[] TD, DL Julian Lombe Taylor, Mrs Delphine Steel Mrs Miranda Richards (co-opted March 2024)

Advisory Council

Lady Agnew DL, Mrs Laura Baily, Lady Egerton[] OBE Col. Tom Fitzalan Howard CBE Stephen Heywood, James Hickman Charles Inglis, Mrs Scilla Landale David Missen (Hon Treasurer), Mrs Moira Morrissey Michael Pollitt, Matthew Rice[] Mike Smith, Ashley Spooner John Vigar, Mrs Alison Wakes-Miller Revd Ian Whittle (Hon Chaplain) Michael Wingate , Richard Wolstenholme

* indicates a Vice President

Company Secretary Mrs Linda Joel

Chairman’s Report

churches have been invaluable. On behalf of the entire Trust, thank you, Michael.

It is both a privilege and an honour to take on the chairmanship of the Norfolk Churches Trust. This is a truly remarkable charity, dedicated to preserving one Rosabelle Batt. of the greatest

Over the past year, the Trust has provided support to 33 churches across Norfolk , distributing a total of £182,713 in grants. Our investment portfolio has continued to perform reasonably well, despite ongoing political and financial uncertainty. Thanks to several generous legacies and grants, we are now in a position to address some of the repair liabilities associated with the thirteen redundant leased churches in our care.

concentrations of medieval churches in the world. These buildings are not only places of worship but also monuments to our shared history and craftsmanship — and many are now at significant risk. Faced with rising repair costs and declining congregations the future of our churches is, without doubt, the UK’s single greatest heritage challenge.

We have also enjoyed another rich and varied year of events, with two major highlights: The House by the Church and the Holkham Opera, both of which were very popular and well supported. The House by the Church, brilliantly organised by Delphine Steel and a dedicated committee, raised an outstanding £25,147 . The Holkham Operas were generously orchestrated by Sarah Leicester and we’re so grateful for her contribution to such memorable evenings.

While many of you will be familiar with these facts, they bear repeating — not only to reinforce our shared mission, but also to help you advocate for the importance of church buildings to your communities, to heritage bodies, and to local and national decision-makers.

We also hosted a series of engaging and insightful talks from Alexander ChristieMiller , Ariane Bankes , Imogen Corrigan and Justin Nolan. Our thanks go to them, and to everyone — speakers, volunteers, organisers, and attendees — who makes these events possible. Every pound raised goes directly to supporting the restoration and preservation of churches in Norfolk, and these events remain a vital source of income for the Trust.

I would first like to pay tribute to my predecessor, John Maddison , who stepped down in November after steering the Trust so ably — particularly through the complexities of the Bishop’s Commission. I am delighted that John’s knowledge and commitment to our cause will continue in his new role as Chair of the Grants Committee , where he succeeds Michael Sayer . Michael is the Trust’s longest-standing member, having begun his involvement under the leadership of Lady Harrod. His expertise and unwavering commitment to the preservation of Norfolk’s

We would like to offer particular thanks to Patrick Lines , who stepped down as Events Lead this year. His stewardship

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over many interesting and successful events was much appreciated. We now welcome Delphine Steel into the role and look forward with anticipation to the new ideas and opportunities she will bring. I would also like to thank Revd Canon McFadyen who has stepped down from the Advisory Council for all her hard work and contribution to many successful and popular Events over the years.

The Bike Ride was once again blessed with glorious sunshine, and it was wonderful to see so many people taking part — families, children, and even a dog in a basket! The event raised an impressive sum of £122,105 and we extend our congratulations to Amelia Courtauld and her team for another fantastic year.

November brought further changes within the Trust, as we said farewell to our long-standing Secretary, Scilla Latham , who retired after more than nine years of dedicated service. Scilla has been an invaluable source of advice to churchwardens and has overseen our leased churches with diligence, wisdom, and compassion — especially during the challenging Covid years. We thank her sincerely and wish her every happiness in retirement, particularly in her beloved garden.

We are delighted to welcome our new Secretary, Linda Joel , to the team. Linda joins us from Ely Cathedral, where she was responsible for managing events and she brings with her a wealth of experience in finance and administration.

We also said goodbye to Caryl Wright , another key member of our administrative

team. Caryl’s hard work, patience, and commitment to the Trust have been greatly appreciated. Thank you, Caryl.

As we look ahead to the 50th anniversary of the Norfolk Churches Trust in 2026 , we began this year with a strategic planning session, affectionately referred to as our Deep Dive Day — though a few committee members were mildly concerned they might need flippers! The session proved highly productive, allowing us to reflect on how the Trust can adapt and thrive in the years ahead.

What is sadly clear is that more support will be needed in the future to maintain these incredible historic monuments for generations to come. But I remain optimistic. With the strength of our membership, the dedication of our volunteers and supporters, and the growing awareness of the importance of our church heritage, I believe we are well placed to meet the challenge.

Please help us by encouraging friends, family and colleagues to become members of the Norfolk Churches Trust. With your support, we can continue to care for these remarkable Norfolk treasures — not just for today, but for future generations to enjoy.

Rosabelle Batt

Chairman

Making a difference

Here are some of the churches that have received grants this year. Full details of all grants offered, paid and outstanding can be found on the grants table on pages 10 & 11. Further information about our grants and how to apply can be found on our website:

www.norfolkchurchestrust.org.uk

Mautby – St Peter and St Paul

Awarded £1,000 in July 2024 towards new electrical switchgear

Bawdeswell – All Saints

Awarded £5,000 in March 2025 towards a major reroofing project, due to be completed Summer 2025

Anmer – St Marys

Received a grant in July 2024 for £5,000 towards urgent roof repairs

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Funding matters

Also in 2024, the National Lottery Heritage

Fund launched a new three-year funding initiative to support places of worship.

We were delighted to hear that All Saints, Toftrees was among the successful applicants and received a grant of £211,970 towards nave and tower repairs, the third phase of their restoration project. The Trust contributed £10,000 to support the initial investigations for this phase of the project.

Another significant development in funding this year, relates to Listed Places of Worship Grant Scheme. The original scheme established in 2001, which allows listed churches to reclaim VAT on repairs, was set for review before March 2025. The Government delayed a decision on the future of the scheme until January 2025 and then confirmed it would be extended 12 months. However, the funding was reduced from £42 million to £23 million, and a cap of £25,000 per church was introduced. These changes pose serious challenges for parishes, especially those already midway through major projects, making it harder to plan and fundraise for long-term repairs.

St Marys and All Saints, Little Melton roof repairs.

This is my first-year reporting on the work of the Trust. It has been a real pleasure to visit parishes and meet the dedicated individuals caring for the extraordinary collection of churches that scatter the landscape of Norfolk.

While the Trust’s primary goal is to provide grants, our work also involves supporting and advising PCCs through the often complex and intimidating process of church repair and maintenance. We continue to work closely with the Norwich Diocesan team, sharing information and expertise to ensure PCCs get the very best guidance possible.

There is no indication as to whether the scheme will continue beyond March 2026.

In 2023, the Church of England introduced the Buildings For Mission grant scheme which allowed dioceses to provide grants for Minor Repairs and Improvements . This has been heavily oversubscribed in our diocese and throughout the country. The scheme is set to continue into 2025 and it is evident that there is a growing need for the scheme to be renewed on a permanent basis and also significantly increased in scale to meet demand.

It has been apparent for some years that repairs listed in Quinquennial Inspection Reports are often not completed before the next report takes place.

We are pleased to be supporting an initiative by Ruth Blackman from Birdsall, Swash & Blackman Architects, with a new Small Grant Award to help with this dilemma.

When the architect is undertaking a QI, PCC’s are offered the opportunity to have a contractor on site for half or a full day to carry out immediate repairs.

PCCs can apply to the Trust to meet some or all of the costs, the process is quick and easy with no lengthy application process. This initiative can provide an immediate solution to minor issues that could escalate if neglected or offer a temporary fix until sufficient resources are available.

We will be reviewing the scheme after 12 months but hope it is something that will continue. The feedback from parishes has been overwhelmingly positive.

There was a small increase in the number of grant applications (33) received this year (not including the QI Grant applications) as well as an increase in total funds awarded. Up to £182,713 from £158,505 last year. There was also an increase in the number of grants claimed at £175,013, up from £154,324.

The grants table (pages 10 and 11) details the sums paid out to churches where the repairs have been completed and the grants that are yet to be claimed. This recent trend indicates that we should expect to see a rise in grants being claimed over the coming year as people push to take advantage of the LPWGS.

The first grant application I registered was for St Marys and All Saints, Little Melton, who were awarded a grant for £6,000 towards the cost of their roof repairs. They are working tirelessly to secure the rest of the funds to begin their project which they hope to have in place before the end of the year

Little Massingham were awarded a grant of £997 in June 2023 towards porch repairs which were completed within 12 months

Little Massingham porch repairs.

Anmer, St Marys church almost completed their roof repairs within a 12 month period too, assisted by a grant of £5,000 from the Trust.

Other grants awarded this year have covered a wide range of repairs; photographs and details can be found throughout the report.

Our grant programme would not be possible without funds generated from our members and the incredible efforts of the Fundraising Committee – thank you to you all.

For further information on how to apply for a grant please contact the office or visit our website www.norfolkchurchestrust.org.uk

Linda Joel

Secretary, Norfolk Churches Trust

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Where does the money

Where does the money

come from?

go to?

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Costs of generating voluntary income Fundraising costs (incl. parish share of Bike Ride) Grants offered

Donations

Legacies Subscriptions Grants

Expenditure on leased and other churches Support costs Governance costs

Sponsored Bike Ride Trust events Sale of goods Investments

Income 2018–2025

Expenditure 2018–2025

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50000
0
2020 2021 2022 2023 2024 2025
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Grants awarded and expenditure on churches Administration costs

Total income excluding legacies and grants Legacies and grants

More of the churches that have received grants this year

Ludham – St Catherine

Received a grant of £10,000 in November 2024 towards an extensive project which included repairs to the East Window

Cranworth – St Mary

Awarded a grant of £10,000 in July 2024 towards Spire repairs

Trimmingham – St John the Baptist

Received a grant of £4,679 in November 2024, towards internal tower wall plaster repairs

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Grants 2024–25

During the past year, the Trust offered and paid grants from its General Fund to the following churches:

	Ofered in year	Paid during	Unpaid 31st March
		the year	2025
General Fund	£	£	£
Anmer, St Mary	5,000		5,000
Bawburgh, St Mary & St Walston			2,000
Bawdeswell, All Saints	5,000		5,000
Billingford (by Bawdeswell) St Peter	4,000	10,000	0
Billingford (by Diss), St Leonard		6,000	0
Bracon Ash, St Nicholas	5,000		5,000
Bradwell, St Nicholas		3,000	0
Bramerton, St Peter	5,000		5,000
Briston, All Saints	4,000		4,000
Brockdish, St Peter & St Paul		2,000	0
Brooke, St Peter			5,000
Burgh Parva, St Mary			4,000
Chedgrave, All Saints		7,000	0
Costessey, St Helen	5,000	5,000	0
Cranworth, St Mary	10,000	10,000	0
Deopham, St Andrew	10,000	11,037	0
East Rudham, St Mary	5,000		5,000
Elsing, St Mary			5,000
Erpingham, St Mary			10,000
Field Dalling, St Andrew			2,000
Flitcham, St Mary the Virgin		4,000	0
Forncett, St Peter		6,000	0
Foulden, All Saints		7,500	0
Gimingham, All Saints	4,000		4,000
Gooderstone, St George			2,000
Grimston, St Botloph			6,000
Hapton, St Margaret			2,000
Haveringland, St Peter		12,000	0
Helhoughton, All Saints			10,475
Hemsby, St Mary the Virgin	5,000		5,000
Herringfeet, St Margaret Hethel, All Saints	10,000		5,000 10,000
Hindringham, St Martin		1,800	0
Horsford, All Saints	8,000		8,000
Horstead, All Saints	5,000		5,000
Ingworth, St Lawrence			10,000
Irstead, St Michael			6,000
Kirstead, St Margaret		5,000	0
Lammas, St Andrew	4,000		4,000

Larling, St Ethelbert		3,000	0
Litcham, All Saints		2,000	0
Little Cressingham			10,000
Little Massingham, St Andrew	997	997	0
Little Melton, St Mary & All Saints	6,000		6,000
Ludham, St Catherine	10,000	10,000	0
Marlingford, Assumption of the BVM			2,000
Mattishall, All Saints	3,000		3,000
Mautby, St Peter & St Paul	1,000	1,000	0
North Elmham, St Mary		7000	0
Norwich, Colegate, St George	5,220	5,220	0
Norwich, Heigham, St Barnabas		2,000	0
Norwich, Tombland, St George	7,000		7,000
Outwell, St Clement			10,000
Pentney, St Mary Magdalene		4,000	0
Pulham St Mary, St Mary the Virgin		10,000	0
Reymerston, St Peter	2,928	2,928	1,008
Ringstead, St Andrew	7,000		7,000
Runhall, All Saints			8,000
Saxthorpe, St Andrew			10,000
Scarning, St Peter & St Paul	4,000		4,000
Scottow, All Saints			3,400
Sharrington, All Saints	4,000	4000	0
Shropham, St Peter			5,500
Sloley, St Bartolomew			5,000
Surlingham, St Mary			7,000
Tatterford, St Margaret			2,935
Tattersett, All Saints		2,160	0
Taverham, St Edmund			5,000
Toftrees, All Saints	14,692	6,692	8,000
Trimmingham, St John the Baptist	4,679	4,679	0
Tunstead, St Mary	10,000		10,000
Tuttington, St Peter			10,000
Twyford, St Nicholas			8,000	*
Upwell, St Peter		6,000	0
Walsingham, Methodist Church		6,000	0
Warham, St Mary			10,000
Weasenham, St Peter			2,195
Weeting, St Mary the Virgin			4,000
Wellingham, St Andrew		3,000	0
West Barsham, Assumption of the BVM	3,000		3,000
West Beckham, St Helen & All Saints	5,197		5,197
West Lynn, St Peter			5,000
Wood Rising, St Nicholas		4,000	0
	182,713	175,013	296,710

• Annabel Buchan Legacy

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Leased Churches

The Trust has operated an annual maintenance plan for its Leased Churches for many years, alongside a programme for major works. Like many parish churches, the list of necessary repairs identified in the Quinquennial Reports is extensive and funds are limited, so careful planning is essential in prioritising projects.

St Mary’s Church, Bagthorpe came under the care of the Norfolk Churches Trust in October 1979. It is understood to be one of only two churches designed by William Donthorn, a Swaffham-born architect better known for building country houses.

Rebuilt in 1853 in a late 13th-century style, St Mary’s features an imposing bellcote, which was the focus of a significant repair programme this year. The deteriorating stonework was painstakingly restored by the Skillington Workshop. Other essential work included, repairs to the nave buttress and adjacent flintwork, restoring the nave gable abutment and repairs to the internal plasterwork.

St Mary’s Church, Bagthorpe.

for the annual Christmas Eve Carol Service. Our thanks to Mrs Morton for organising this lovely service each year.

New oak gates have also been commissioned to replace the deteriorating ones shown above, kindly supported by a generous donation from a local resident.

The project came in under budget at £34,276 and was completed just in time

In addition to the Christmas service at

The phased repair programme at St Peter’s, West Rudham continues to make good progress. Temporary pipework installed to divert rainwater away from the church walls has been successful. Encouragingly, initial reports suggest that the internal movement has halted, which we hope will allow us to reopen the church later this year.

St Mary’s Bagthorpe, our leased churches at Cockthorpe, Dunton, Hargham, Illington and Snetterton all held well attended services over the Christmas period. Thank you to all those who cleaned and decorated the churches in preparation.

In the year ahead we will be carrying out repairs at St Cecilia - West Bilney, All Saints, Barmer and St Peter, Dunton and will prepare specifications for more extensive work at St Andrew, Illington. A busy time ahead!

Investigations in early spring allowed our architects to draft specifications for a long-term drainage scheme, which will be installed this summer. A grant application to the National Lottery Heritage Fund is planned to help fund the next phases of the project.

We remain immensely grateful to our local keyholders and those who help to care for these Churches – a huge thankyou to you all.

St Peter’s, Corpusty continues to

welcome many visitors drawn to the Lettering Arts Trust Memorials Collection exhibited in the church and churchyard. Beyond being a vibrant exhibition space, the church remains an active place of worship. We were delighted to welcome 74 people to the Easter dawn service.

We are looking to introduce regular Clean, Coffee and Chat mornings at our Leased Churches – if you would be interested in joining this group please do get in touch.

Linda Joel

Secretary

Thank you to Revd Canon David Longe and the team at Saxthorpe for making this possible.

[e-mail]

Your gift, no matter how large or small, will help keep Norfolk’s churches alive for future generations

By leaving a legacy to the Norfolk Churches Trust in your Will, you will be investing in the long term future of Norfolk’s churches helping us to ensure the Trust can continue to offer grants for repairs to these precious buildings.

If you would like more information, please contact the Trust office.

[e-mail].

The bellcote apex stone before and after repair.

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Leased Churches cared for by the Norfolk Churches Trust

Whenever possible the churches are kept open during daylight hours, keyholder details are listed in case a church is locked.

Bagthorpe, St Mary: PE31 6QY Open Local contact 01485 578528

Lynford, Our Lady of Consolation and St Stephen: IP26 5EL Reached via forestry track 34, off West Tofts Road. Hidden in trees Open Keyholder 01842 878246

Barmer, All Saints: PE31 8SR In middle of field off B1454.

Open

Morton on the Hill, St Margaret:

NR9 5JS Reached via farm drive from Ringland Road.

Cockthorpe, All Saints: NR23 1QS Open Local contact 01328 830202

Locked, please contact the keyholder in advance Keyholder: 01603 880165

Corpusty, St Peter: NR11 6QE off Norwich Road Open on Thursdays & Fridays throughout the year Key also available at other times from the Saxthorpe Village shop Local contact and keyholder: 01263 587014

Rackheath, All Saints: NR13 6QT Brown heritage sign on Wroxham Road: continue to Swash Lane.

Open Keyholder 07858 370400

Snetterton, All Saints: NR16 2LR Open Keyholders: World Horse Welfare 01953 498682 during office hours Local contact 07867 512084

Dunton, St Peter: NR21 7PG Open Local contact 01328 853226

Hargham, All Saints: NR16 2JW Open Local contact 01953 455553

West Bilney, St Cecilia: PE32 1XQ Open Local contact and keyholder 01760 337382

Illington, St Andrew: IP24 1RS Illington Road. Reached via the farm drive and grassy bridleway Open Local contact 07899 807073

West Rudham, St Peter: PE31 8TE Closed for urgent repairs Please contact the Norfolk Churches Trust Office for further information.

A Golden Year Ahead – Celebrate 50 Years with the Norfolk Churches Trust

2026 marks the 50th anniversary of the Norfolk Churches Trust and we are planning a very special year of events to celebrate the beauty, history and future of our county’s churches.

From inspiring talks and musical performances to art and fundraising events, there will be something for everyone and as a member you will enjoy priority booking.

Key Dates for Your Diary

Jan - March – The Winter Lecture Series full details and venues to follow

Schools Art Competition – Norfolk children are invited to create original artwork inspired by local churches, many of which will be discovering for the very first time. This initiative aims to ignite young imaginations and foster meaningful connections with these remarkable buildings

24[th] April – The inaugural Billa Harrod Lecture , given by Country Life ’s architectural editor John Goodall, to be held at the magnificent Bylaugh Hall

Also in April , rising Norfolk-born opera talent Jacob Harrison will perform a special concert Heydon Hall

Churchyard Conservation Scheme – In collaboration with the Norfolk Wildlife Trust and the Diocese of Norwich, this scheme will support biodiversity and help preserve the natural beauty of our historic churchyards

17[th] June – Join us for our Anniversary Service at Norwich Cathedral with guest speaker Dame Emma Bridgewater Drinks reception to follow in the stunning Cathedral Cloisters

Commemorative Book – A beautifully curated publication celebrating our journey will be available for pre-order soon

22[nd] October our exciting Secret Artist Auction returns, featuring works by wellknown and emerging artists. The twist? All pieces are unsigned–only revealed after the bidding ends

50[th] Anniversary Collection by Emma

Bridgewater – A fun addition to our range designed by Emma Bridgewater, available in the New Year

In addition to our events programme we will be launching a series of special initiatives to celebrate this milestone:

Join us for a wonderful year!

Privacy Statement

The preservation of your privacy is important to the Norfolk Churches Trust. We treat all the personal data you give us with great care and we are committed to letting you know how we use your personal information and only making responsible use of your data.

The Norfolk Churches Trust (NCT) complies with the General Data Protection

• Regulations; promoting the work of the Trust; administering fundraising events; the administration of grants to churches and the administration of subscriptions, donations and Gift Aid.

The full Privacy Policy Statement is available on our website: www.norfolkchurchestrust.org.uk

Visit our website www.norfolkchurchestrust.org.uk for more information

‘Historic places of worship are our greatest architectural legacy, and our nation’s most important cultural treasures.’

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Events Committee Report

2024–2025

revealed the lives of the Paget twin sisters (one being Ariane’s mother) who despite little formal education led lives at the heart of literary Europe in the early twentieth century. George Orwell, Albert Camus, Arthur Koestler, Sartre and de Beauvoir all featured heavily in their lives. Ariane gave an animated talk about the book filled with wonderful anecdotes about her mother and aunt. The event was held at Elsing Hall and the evening raised £706 (net).

Following this cultural theme we also arranged the showing of two short films at Wells Maltings directed and produced by local filmmaker Jerermy Brettingham. One film covered the troubled life of Sir Alfred Jodrell of the Bayfield Estate who maintained many Norfolk churches and also built the fabulous, but little known, Glandford Shell Museum. The other film – Lucy Lavers – Return to Dunkirk – told the story of the restoration of ex-lifeboat Lucy Lavers and its return to Dunkirk with other little ships 75 years on from the famous wartime evacuation. The event raised £766 (net).

The Events Committee was kept busy in 2024–2025 with ten major events (excluding the Bike Ride, covered elsewhere in this Annual Report). We held two book launches for local Norfolk authors. The first in April was hosted by Wolterton Hall by kind permission of the Ellis family who have generously continued the tradition of embracing the Norfolk Churches Trust. The book, To The City – Life and Death Along the Ancient Walls of Istanbul, is about the history of Istanbul as told by former Turkey correspondent for The Times , Alexander Christie-Miller.

Gypsy Swing returned again to Norfolk in April with a performance at Cley Church and again, this time with fabulous chanteuse Tatiana EvaMarie, at Salle Park for a Jazz Picnic. Both events were very popular raising £1,753 and £3,608 (net) respectively. Our sincere thanks to Michael Westgate for bringing these fabulous artists to Norfolk.

Christie-Miller tells the story by reference to the city gates of the ancient city walls that have only once in history been breached by an invader - Sultan Mehmed II in 1453. ChristieMiller gave a fascinating talk about the book and Turkey generally.The event raised £1,266 (net) for the Trust. The second book launch took place in June and featured Ariane Bankes’ The Quality of Love – Twin Sisters at the Heart of the Century . Bankes wrote the book following the discovery of a trunk full of letters in the attic of her mother’s house after her death. The letters

The two major events of the year were once again the ever popular The House by the Church and, of course, the Holkham Operas arranged by Sarah, Countess of Leicester. The events proved to be as popular as ever and were blessed with reasonable weather. The House by the Church featured a cross section of houses from the west of the county (many opening their doors for the first time).

Our thanks to the hard-working owners who agreed to open. It really is hard work for the house owners being on duty all day and warmly welcoming literally hundreds of people into their

homes. The event raised a fantastic £25,147 (net). The Operas wonderfully performed as ever by Diva Opera, were La Traviata and Barbiere di Siviglia . Guests were invited to picnic on the sunny terrace and lawns around Holkham Hall and enjoyed the operas in the amazing Marble Hall. Many thanks to Lord and Lady Leicester for hosting this wonderful event and to all the sponsors who made the event possible. The operas raised £22,745 (net).

We also arranged in August a talk at Norwich Cathedral entitled ‘The Master Masons’ about the medieval builders who constructed the fabulous monuments such as Norwich Cathedral so many centuries ago. Imogen Corrigan was the highly informative speaker who with her knowledge of art and history enlightened the assembled guests as to how medieval builders were able to create the wonders that are our cathedrals. The event raised £1,622 (net).

On a beautiful October day, two sell-out tours took place at Ketteringham, St Peter’s Church. The tours were led by Canon Philip McFadyen, who did an excellent job interpreting the church and its ‘turbulent times.’ Church tours are always popular with the Norfolk Churches Trust membership and these were no exception. The events raised £214 (net).

We were again able to have a presence at the Royal Norfolk Show due to the generosity of The Lady Dannatt, the President of the 2024 show and the RNAA. Our marquee was manned by Trustees and other volunteers and not only raised awareness of the Trust’s work but also raised funds through the sale

of merchandise and by encouraging new members to sign up.

The end of the year was devoted to early work on preparation for the Stately Car Boot Sale, once again at Sennowe Park, to take place in May 2025.

The Events Committee attempts to put together an interesting selection of events over the year that will appeal to our membership. Some events are primarily aimed at raising much needed funds whereas others are focussed on providing interest to members. The Committee is always open to suggestions for events as well, of course, to help with arranging them.

As ever the Trust offers its sincere thanks to all those who unstintingly give their time, creativity and energy to bring these events to the membership and wider public. None of it would be possible without them. Thanks are also offered to the Trust’s back office staff who handle much of the administration of our events.

Very many thanks also to all the Trust’s members who so loyally support our events and help raise so much money to enable our core activity of supporting the many Norfolk Churches.

If you have a good idea for an event that you think might be a good fit for the Trust and/or are willing to volunteer to help make events happen please do bring your idea or willingness to help to the attention of the Events Committee.

Another full schedule of events is underway for the 2024/25 year. Please take a look at the Trust website for further details.

Patrick Lines & Delphine Steel, Chairs of the Events Committee

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41[ND] Bike Ride Report 2025

the county rankings, only Suffolk and Kent raised more. Forget the rivalry in football, we have a Bike Ride Derby on our hands! Go Norfolk!

Although in its 42nd year and running efficiently there is always room for improvement. Each year the Bike Ride committee discusses ways to encourage participation and reviews costs to generate more income for our grants and the churches who participate. Paperwork is always one of the most expensive elements of the day and over the years this has been rationalised as more and more people discover the event via our website and social media platforms. This year we revisited the idea of going entirely paperless. We calculated that each pack sent out costs £4 excluding postage. Considering the huge benefits of postage of packs for facilitating and advertising the event and highlighting the advice and financial support available from the Trust, we felt it was £4 well spent and for the foreseeable future we will continue printing paperwork. If anyone knows of anyone who might be interested in sponsoring this element of the day, please do contact us. The packs will be posted with no cost to the event thanks to the generosity of our new event sponsor George Shippam Financial Planning, who we are very pleased to work with. They have taken over from Savills, who for many years franked and posted the 900 envelopes from their Norwich office. Thank you, Savills, for your support of the Bike Ride, Walk & Drive over the years. It has been much appreciated.

Julia Hoskin

The Norfolk Churches Trust Bike Ride,

Walk & Drive continues to be a popular and well-loved event throughout the county. It is run by a committed team of seven voluntary members supported by our fabulous Trust administrative team. Last year it saw an increase in participation of 151 people, and we are pleased to report that £122,105 was raised by over 615 participants. In total 277 places of worship throughout the county benefitted from the money raised.

It is of course a national event, and it is heartwarming to have in mind people of all ages visiting churches around the country when cycling, walking or driving around Norfolk’s cities, towns and country lanes on that day. We are united in our love of these extraordinary places and the role that they have played and continue to play within our communities. Last year Norfolk came third in

The competitions that we run on the day continue to be fiercely fought for. The Lord Lieutenant’s Certificate, awarded to the

driving to far flung North Norfolk for evening meetings even in the depths of winter. Her consistently calm can-do approach to all our requests which appeared on her desk at strange times of the day and night has made being part of the Bike Ride team possible for all of us. She will be missed.

participant who raised the most amount of money was won by the Revd Canon Mark Dimond. He raised £1,923.20 for his church of St Margaret’s, King’s Lynn Minster. The winner of £1,000 for the most improved fundraising church goes to St Mary the Virgin, Hillington, who raised £1,651. Although not strictly a competition figure it is interesting to note that the most visited church in 2024 was in Norwich – St George’s, Tombland, which hosted 56 visitors. Thirteen arrived on bicycle, one by car and 42 on foot. They really did witness a Bike Ride, Walk and Drive! The most visited rural church was the small church of St Mary’s, Barningham Winter which sits in a Humphry Repton landscape in North Norfolk. This quiet church welcomed 55 people, not surprisingly none by foot, all were on bicycles, including a peloton of 14 who were very grateful for the refreshments. Finally, the Bike Ride committee would like to thank Caryl Wright who this year has left the Trust’s administrative team. For the last nine years she has gone above and beyond the call of duty for the Bike Ride committee,

Thank you to you all for your support of the Trust and of the Bike Ride, Walk & Drive. We look forward to this year’s event on Saturday, 13th September and telling you in next year’s Annual Report about something special that we hope to run on the day to celebrate the Trust’s 50th Anniversary, perhaps building on the suggested church visiting routes that we are introducing this year. For more information on these routes that can be used at any point of the year see the website.

Amelia Courtauld

Chair of the Bike Ride, Walk & Drive Committee

Angela Clarke

David Mullender

Congratulations to the Bike Ride Photo Competition Winners, in order of our report: Julia Hoskin, Angela Clarke, David Mullender

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Financial Summary

Norfolk Churches Trust Year ended 31 March 2025

Summary Statement of Financial Activities

	2024–25	2023–24
	£	£
Income from:
Donations and legacies
Donations	85,794	86,791
Legacies	90,305	5,000
Subscriptions	39,123	41,137
Grants	4,779	4,398
Leased churches	890	102,012
Other trading activities
Sponsored Bike Ride	122,118	129,588
Trust events	68,124	52,821
Sale of goods	7,924	6,893
Investment income	68,700	63,641
Total income	487,757	**492,280 **
Expenditure on:
Raising funds
Costs of generating voluntary income	17,874	16,020
Fundraising costs incl. parish share of ride	101,981	92,478
Charitable activities
Grants offered	182,275	141,726
Expenditure on leased and other churches	57,877	32,298
Support costs	67,616	62,869
Governance costs	11,196	10,336
Total expenditure	438,819	355,727
Net (surplus/deficit) for the year	48,938	136,553
Net (losses)/gains on investment assets	(96,472)	60,361
Net movement in funds	(47,534)	196,914
Fund balances brought forward	2,180,799	1,983,885
Fund balances carried forward at the end of the year	2,133,265	2,180,799

Summary Balance Sheet

	31 March 2025	31 March 2024
Fixed asset investments	1,583,372	1,680,113
Net current assets	549,893	500,686
Net assets	2,133,265	2,180,799
The funds of the charity:
Restricted	100,000	100,000
Unrestricted	2,033,265	2,080,799
Total funds	2,133,265	2,180,799

Trustees’ Statement

These summarised accounts may not contain sufficient information to allow a full understanding of the financial affairs of The Norfolk Churches Trust. For further information, the full annual accounts should be consulted. Copies are available from

The Norfolk Churches Trust Ltd, Wood Farm, Foxley Road, Themelthorpe, Norfolk, NR20 5PU.

The full accounts have been independently examined by Larking Gowen and received an unqualified report.They were approved by the Trustees on 3[rd] July 2025 and will be submitted to the Charity Commission and the Registrar of Companies.

David Missen – Hon Treasurer

INDEPENDENT EXAMINER’S STATEMENT TO THE COUNCIL OF MANAGEMENT OF THE NORFOLK CHURCHES TRUST

I have examined the summarised financial statements of The Norfolk Churches Trust.

Respective responsibilities of Trustees and auditors

The Trustees are responsible for preparing the summarised financial statements in accordance with United Kingdom law and the recommendations of the Charities Statement of Recommended Practice.

My responsibility is to report to you my opinion on the consistency of the summarised financial statements with the full financial statements and the Trustees’ Annual Report.

I also read other information contained in the summarised annual report and considered the implications for my report if I become aware of any apparent misstatements or material inconsistencies with the summarised financial statements.

Opinion

In my opinion the summarised financial statements are consistent with the full financial statements and the Trustees’ Annual Report of The Norfolk Churches Trust for the year ended 31 March 2025.

GILES KERKHAM FCA DChA

For and on behalf of LARKING GOWEN LLP King Street House 15 Upper King Street Norwich NR3 1RB

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Minutes of the 48[th] Annual General Meeting of The Norfolk Churches Trust Ltd

Held at All Saints, Old Buckenham (NR17 1RP) on Wednesday 11th September 2024

Present: General the Lord Dannatt (President and Presiding Chairman), John Maddison (Chairman of the Board of Directors/Trustees), Scilla Latham (Company Secretary), and Directors/Trustees, Advisory Councillors and Members of the Trust.

1. Apologies for absence: Lady Dannatt, Bishop Graham, Sarah Leicester, Patrick Lines and 14 Friends of The Trust.

2. Presiding Chairman’s opening remarks: Lord Dannatt thanked the Rector and Churchwardens for hosting the Trust’s AGM who had stepped in when the original hosts, Wilby All Saints were unable to do so as their major building works were not yet complete. He offered his thanks to John Maddison for the final year of his three-year tenure as Chairman of the Trust, especially for overseeing the difficult years following the Covid pandemic. He also gave his thanks to Scilla Latham for her hard work over the last ten years as Company Secretary as she looks to retire in November. Lord Dannatt welcomed the Bishop of Thetford, thanking him for his support.

3. To confirm the Minutes of the 47[th] AGM: Lord Dannatt signed and dated them.

4. There were no matters arising from those Minutes:

5. To receive the Chairman’s Report. This has been a significant year for historic churches in Norfolk. The Bishop of Norwich’s Commission on church buildings, published its report in May 2023.The report’s title, Lifelines for Historic Churches and their Communities: Keeping Church Buildings Open, conveys its positive stance, indicating support and not closure. There are some useful statistics and graphs available on the Dioceses of Norwich website, from that report. Representatives of the Trust provided evidence, sat on the Commission and played a part in drafting recommendations, which followed the key findings of the 2017 Taylor Report. This was Charles Inglis’ last year, of ten, as Chair of the Bike Ride Committee, overseeing an excellent total of almost £130K for 2023. The Bike Ride & Walk has made £4.2 million since its inauguration in 1983. The House by the Church event, chaired by Delphine Steel, raised approximately £24K on one day in May. This popular event is part of an annual programme arranged by our Events Committee, chaired by Patrick Lines. In September there was a lunch to thank the Behrens Foundation for their generous grant aid which facilitated our joint project with the Lettering Arts Trust at Corpusty, St Peter. During the year the Trust gave £150K in grant aid to Norfolk churches. We are grateful for some generous legacies and grants which will enable the Trust to meet some of the repairs to our Leased Churches.

6. To receive the Honorary Treasurer’s Report: David Missen gave an overview of the Trust’s financial position which is looking healthy. He took questions regarding grant commitments and clarified the Trust’s policy on reserves to honour these.

7. To receive the Annual Accounts for the year ending 31[st] March 2024. Proposer: Rosabelle Batt; Seconder: Charles Bingham-Newland. All in favour.

8. Re-election and Election of the Board of Directors/Trustees. It was proposed by Ian Lonsdale and seconded by Amelia Courtauld that Sarah Leicester and Michael Sayer be re-elected as Trustees and that Delphine Steel be elected as Trustee. All in favour.

9. Re-election to the Advisory Council. It was proposed by Caroline Egerton and seconded by Rosabelle Batt that Clare Agnew, David Missen, Michael Pollitt, Ashley Spooner and John Vigar be re-elected to the Advisory Council. All in favour.

10. Propose the appointment of Larking Gowen as Independent Examiners and authorise the Trustees to agree their remuneration. Proposer: Malcolm Fisher; Seconder: Clare Agnew. All in favour.

11. Any other business of which notice has been received of not less than two weeks before the meeting. Heather Pfeiffer from Wilby All Saints gave an update on the major repairs to the church which are now complete and stated that she is looking for people with connections to the church to come forward as part of their ceiling project. John Maddison addressed the meeting on behalf of the Trust to express his thanks to Scilla Latham who has been an excellent Secretary to the charity for the last ten years, with her encouragement and support to many of the churches in the county, helping them with their repair projects.

Lord Dannatt closed the meeting at 6.08pm

The Norfolk Churches Trust Ltd

Patron: His Majesty The King

Vice-Patrons: The Duke of Norfolk, The Bishop of Norwich, The Bishop of Ely. President: General the Lord Dannatt GCB CBE MC DL

Chairman: Mrs Rosabelle Batt

Secretary: Linda Joel Trust Office: Wood Farm, Foxley Road, Themelthorpe, Norfolk. NR20 5PU

49[th] Annual General Meeting

at St George Colegate, St George’s Street, Norwich NR3 1DA Thursday, 11[th] September 2025 at 5:30pm

AGENDA

1. Apologies for absence

2. Presiding Chairman’s opening remarks

3. To confirm the Minutes of the 48[th] Annual General Meeting, held at All Saints, Old Buckenham (NR17 1RP) on Wednesday 11[th] September 2024

4. Any matters arising from those Minutes

5. To receive the Chairman’s Report

6. To receive the Honorary Treasurer’s Report

7. To receive the Annual Accounts for the year ending 31[st] March 2024

8. Election of the Board of Directors/Trustees The following retire and seek re-election: Dr John Maddison The following seek election: Miranda Richards, Richard Wolstenholme

9. Election to the Advisory Council

The following retire and seek re-election: Laura Baily, Stephen Heywood, James Hickman, Charles Inglis, Moira Morrissey, Mike Smith, Alison Wakes-Miller

• The following seek election: Robert Gladstone, Niul Hatcher, Patrick Lines, Rev Richard Turk (Hon Chaplain)

• Propose the appointment of Larking Gowen as Independent Examiners and authorise the Trustees to agree their remuneration

• Any other business of which notice has been received of not less than two weeks before the meeting

Following the meeting, Dr John Maddison, Trustee of the Norfolk Churches Trust will give a talk and tour of the church

Light refreshments will be served after the talk

Evensong will follow at 7:00pm

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REGISTERED OFFICE:

The Norfolk Churches Trust Ltd, Wood Farm, Foxley Road, Themelthorpe, Norfolk, NR20 5PU Telephone [phone]

www.norfolkchurchestrust.org.uk

Registered Company Number 1247797 · Registered Charity Number 271176 · Environmental Body Number 111076

Cover photo: St. Mary Barningham Winter

2

The Norfolk Churches Trust Limited Limited by guarantee Annual Report and Financlal Statements For the year ended 31 March 2025 Registered company number 1247797 Registered charity number 271176 Environmental Body number 111076

The Norfolk Churches Trust Limlted Annual Report and Financlal Statements For the year ended 31 March 2025 Contents L•Jai and admini8lrntive detals Chairman's Re￿1 Trustees, Roport 7-13 Ind8pendenl Examinerfs Re￿¥Y1 14 ststement of Fknancl81 Actmt Ba￿ce Sheet 16 Notes lo the Finwcial Sl818ments 17-22

The Norfolk Churches Trust Limlted Legal and Admlnistratlve Detalls Company Numb¥ R•glst•r•d Charfjty Nwnber En¥lronm•ntsl Bryly Numb•r 1247797 271176 111076 W￿d Farn Fothy Ro1 Norfdk NF120 SPU Patron HM The King Vlc• Patrons The Duke of N(yfor The 8i$hop of Ncffwith Th8 Bishop of Ety Prnsld•nt General Tr Lcd Dènn8tL GCB. CB& IK. DL Vl¢• Prnsldonts 8ollon Agn Charfes Bingt￿M￿ewI8r Emma Brfdgewer CBE Petor Bunsen Lady Egerton c￿E Ng11 Fostar Lady Frdsgr Mrs. Sara F08ter DL Roger Last Matth8w Rice Peter Shepher(I Mrs R08ab¢lb Batt (Chainnon) Dr John MaddLgw (Chairman, Grarrfs Mlth801 Sayer" Mrs hJnelia CLwrtdd (Chainmn. &k8 RJe CL¥Mw1￿) Sarah CoJnte55 of L8iC4Ster' Patrick ￿ne8 Septeftw 2024) lan Lonsda18 TD", DL Mr5 Mlranda Richards (cwt8d Marth 2025) Mr5 Delphln6 Stsel fCh8lmwi. Events Cc¥ywth, app>rttid September2024) Julian L¢Nnbe T8yk* {Chainnan. DeVelopm￿t Commilth)

The Norfolk Churches Trust Umited Legal and Adrnlnistrative Deta51s (continued) Company Secrolary Linda Jo Advlsory Coun¢ll The Trust¢as recdve 8dvu from th? th$ory c￿n¢4, o)mprws the Trust8ès Ilsted on p8ge 2 aNI the folk)vAro memt*rs at th• ye8rernl'. Lady P4new OL Mrs L8ura Baity Lady Egerton Col. Tom Fitzalan CBE Stephen HeYw￿d James Hickman Charfes Inglis Mr8 Sci118 Landale David Missen (Hon freasurnr) Mrs Moira Morri55ey Michael Pollitt Matthew Rice. Mlke SmSth Ashley SE￿Or￿r John Vigar Mrs Wake8￿￿￿r Revd. 18n whitt￿ (Hon Chaplain) Mich8el Wingate RiGhard Wolstenholme . Indltates a Presldenl

The Norfolk Churches Trust Llmlted Legal and Adminlstrative Detalls (continued) Bankorn and Adv1￿1 Bankorn Bard8ys Bank PLC COIF Charity Dgposit Ful￿8 Senator House 85 (Jjjeen Vktr￿8 Street L¢rt>n EfAV 4ET Solldtors Mils & Reevo 1 St J￿$ Cujrt Nopich NR3 1RU Ind•p•nd•nt Examin•r Lad(irvJ G(ywen LLP Prospect House Road NR1 1RE Invostm•nt Advlsers Barratt & Cooke Limiiod 5 Opie Street NoMrych NR130W

Norfolk Churches Trust Annual Report the year ended 31¥t March 2025 Chalrman's report It Is both a privilege 8nd an honour to tskg on the ¢haimianship of tho Norfolk Church85 Trust. This is a truly remarkable ¢harFty, d•Jicat8d to praS￿rvj one of the gwtast concentrations of medigval churches in the W￿(j. Theso buiklros are not place5 of worship bul 8180 monwnènts ID our shared history armj CTaftsmanship- and many are now 8t signiflc8nt risk Facd w¢th rising repair (y)sts and dedlnlng o)rKJwatbons the future of wr chwches is. without doubt. the UK'S sirole greatest h9ritag8 challen￿. While many of yw wll familar 7•Mh thosè facts. they bear repeakn"rwJ- not only lo reinforce our Shared MIS￿1￿, bLrt also lo help you athcKalE for tho impcvtsnee of thurth buldings to your mmunllieg, lo herlt8g6 bcrtjies, and to and nati￿￿ deaskJn•mak8rs. I W￿ld first fike to Pay tribute to my predecessor, John Maddl8on, vtho stepped down in Novgmb¢r after steering the TnJst so ably- part￿u￿ thr￿jgh the I))mple￿tieS of the BiS￿p.8 COMMI￿On. I am delighted that John's knowledge and ry)mmithent lo our ￿￿Se w41 continue in hi5 new role as Ch8ir of the Grants Cornmlttee. ￿re he su(Theds Michael Sayer. Michael is the Trust's lorKJest- 5tsnding member. havwig begun his invofvemwt und81 the leaderslyp of Lady Hwrod. Hi8 exp8rti8e ar¥a unwavering Commitrr￿nI to tho pr&serVatiC￿ of Norfolk's havo invalua1￿0. On behaw of th8 entire Trust. Ihank you, Michael. Over the past year. Ihe Trust has provNJed support to 33 churchos a¢ross Norfolk. distributing totsl of £182,713 in grants . Our investment wrtfolio has continued to perfom r8asonabty well, d8splte on9)ing polit￿￿1 and finarK481 urKertainty. Thanks lo several generou5 legaLies and grants, we are n¢X in a posrtion to address some of the repair fiabl1t￿ aS5o￿ated with the thirteen fodundantloasad thurth•$ in our care. We have also enjoyed another rkh 8Th1 varted year of events. wlth tr4VO maiof hWlSghts: The House by the Church and the H(4kham Opern. tK)th of whl¢h were very popular and wdl SUPFX)rted. The Ht)usè by thè Church. brillTrantty (ryanixed by D#lphinè St•l• and a dedicated corrrnittee, raised an oulsianding £2S,147. The Ht31kham Operas vfds gener￿slY orcestr8ted by Sarah L8lce8ter, and W8'r& so gr8tgfvJl for her contributM)n to suth memoraile eVen1r￿S. We also hosted a series of engaging and insighthjl talks from Alexander ChristiAlillw. Arian• Bankos, and Imogon Corrlgan, Justin Nolan. Our th￿kS go lo them. and to everyone- speakers. voluntsers. Ofganisers, and attendees- wfKJ makes thtsse events possit4e. Every pound rat$￿ goes direcdy to SUk)POrting the reslorab.on and preservatK>n of churches in Norfolk. arKI these events remain vltal source of Inccqne for the TNSL We would like to offer particaJlar thanks lo Patrlck Lln•s. who stepped down as Events Lead this year. His stewardship over many interesting and SU￿ssful events are much aFS)recialed. We now wdcome Delphin• Ste810 into thg rob and IcJk forward wilh anticipation lo the idèas and OPF¥Jrtunities she will brbrKJ. The Blke Rkl¢ was once ag&n blessed wlth glorlous surtshine. and it was WorMjerf￿ lo see so mary Pgopje I8￿ng p8rt- f8mlls. chldren. even a dcJ in a basket! The evenl raised an Imwesslve sum of £122,118, arKI we extend our cor3ratulatiorts lo Amella Courtauld and her team for anolher fantastic yeai.

November brought furthw changes within the TnJsL as we saKI farewell to ￿Jr lOn￿tandIng Secretary. Scllla Latham. who rth.red after more than 9 years of d￿Kated 8erv7ce. &lla has been an invaluable source of adv￿ to thurchwardens arttJ has overseèn our leawj chur(es ￿th diligenL. Wisdom, and 1X￿pa$S￿)n- especially during ts th8lenging Covpj year> We Ihank hor slncerely arKI wish her every hapFdness in retirem￿11. parti￿1￿ty in her beloved garden. We also said gTr>Jbye lo Caryl Wrlgm. arv)ther key ff￿ber of our administrative team. Caro's hard work. patience, and C￿MIlMent to the Trust have been greaty apwwA8led. Thank you. Caryl. As we lo)k ahead lo th9 50th annlvernary of the Norfolk Chur¢hes Trust in 2026. bggw this ygar wlth a stratsgic pLann1r￿ session. affe¢lI￿at&ty rofwred to a5 our D8ep Dive D8y- though a few c￿￿m￿tee members We￿ mlldly conceme(I they might need flipp￿51 The Sessi￿ prov•Y highly prcxjuctlve. all0￿ry us to rellect ¢Jn trKYN Ihe Trust Ian adapt and thrive in the years 8head. What is S8dty dear Is thal more SUPFQrt b8 need￿ in the future trj maintsin these Incxedib historic monuments for gen8r8lKfft to Mme. Bul I roman optimkstic. Wlh ts strèngth of our membgrship, tho dthaicali￿ of cNJr volunlegrs and SUFPYter5. and tho gr￿Ing awargnès8 of the importance of Our churth harilage. I bo￿8Ve wo ￿ wdl tAac8d to meet the chdry. Please help us by encouragiry frieThJ8, famdy and cOneagL￿s to become members of Ihe Norfolk Churches Tru5L With yoursupFrt we can c￿tinUe to care for these remarkable N￿[olk treasures- not just for today, butfor firture generatI(￿S to enjoy. Rosabelle Batt Chaiman

The Norfolk Churches Trust Limited Trustees, Report Th8 Trus198s, as trustees and dired0￿ of th8 TrusL prgsenl 49th r6pcrt ar¥J flnancyal stements for the year eThJed 31 Marth 2025 Summary and tho Publlc Benefit The aim of Th8 Norfok Chuth8s Trusl Is lo preseNe, repalr, maintain, beautify and reconstruct churches or chape15 ofany Chrlstlan demmlnatlon in ts county of Norfolk orthe DlorAse of Noryllch." In the terms of the Charities Act 2011. the TnJ$t's aim fals 7Mthin iwo definiticms of charitable aclivty. the advancement of r￿1g￿n and the ad¥8ncemenl of heritage. On eath cAxJnt. the Twsl provhl8S benefits lo th8 publie g•nèraly. Thg dirBcl benef￿la￿S of the Trust's SUPFrfJrt are the parishes and ngregalions, which are res[M)nsIb￿ f￿ churces and capds in Norfolk or thè Diocese of Norwich. These thufehes ar¢ preserved for the benefft d the c(nmunilies they serve arml for the wder public for wh￿h th8y are freety avwlable. The Trustees have been mindful of these wblic tenefrts Sir￿ the forn￿￿'0n of the Trust in 1976. in rdlsing funds and making grants lo suptth the preSer￿lI0n of thurches. Over these years. the activities of lh8 Trust have femained true to its Original aims. The Trustee5 have ￿5￿ered Ihe Charity commiss￿.5 on public ber￿ They confim that in F4anning and carrying cyjt the Trusys actsVIt￿ thay hayè had rryard to this guidan(. Structure. Govem8n¢e and Mw¥g•meTht Govwnlng Docum•nts The Norfolk Churches Tntst Limlted Ilhe Yntsfi was incorp￿￿ on 31 December 1975 a5 a c(Knpany limited by guarantee. The Trusl ￿ registergd as a charity7h4th th8 Charfty Corr¥nIss￿ aTrJ asan envirorffiental boty (number 1110761. Membw%hlp The Tru8t ha$ 1.441 Momb￿5. on payment of a Sub￿p￿.on have been elected to annual.1rfo, or Parochial Church Coun￿1 membership. Each member is eniiued to vole al a general meetirKJ of the Trust. If the Trust is wound up, eath member is lia to conlritsjte up to £1 Appolntmnt olTrnstees Artidgs of Asswation clth8 Tw5t providg that nurn￿r of Tn￿te8$ shall be not16ss than 5 arKI not mre than 12 indivKluals and that al must bg mombws c the Trust TNstg0s $hal be o￿ted by members of the Trust in general rn8eting. The Trust￿3 may appoirrt a p8rson to act 88 truste8 until the nexl gen8ral meeting. One TNsleè ha$ served conthLKMJ tsirth the TnJsYs fLwThlalion. The TrLLqtees wdl continue in offico untll the next Annud Gen8Tr1 Meotirvj, at whM OM third of thg T￿￿85 wll r8tlre and VAI be ellgltlè for r&el8Ction Since its foundation, the Trust has srjjght to athievé in its govemiry body the wKlest p)ssible repre8enl8tThi throughout the ctsjnty. by n¢)minatiThJ iThj[￿dUaIS with knwe aTra understanditvJ of the aims of the Tnjst lo presm Norfolk'$ ¢hurche8. Additional trustees have been appointed with skill$ in the preservats'on of historic buiklings. finance. bugness, investrnt and fundraising and a foThnal p￿￿eSS is in place lo enswe the (thGtive knuWe of Ihe board in these areas is maintain8d.

The Norfolk Churches Trust Llmited Trustses, Report (contlnued Appolntmont of Trnst••s (conllnu•dJ TN8tees are nominat&l on ￿ basis of thwr k￿medge and expor1er￿. Nv•V trust￿ are prowded with copies of Ihe TnJsVs MemorarKlum and Articbs of NA￿atIOn, the latest annual reFQrt and a(xounts of Ihe Trust and the Charty Commission's 9￿￿ notes on t￿ Responsibl1￿e8 of Charity Trustees. A(fvlsory Councll The Trust's Artths pro￿￿ foran Athtsory wtr￿8 rfje is: To advise the Truste8s on all asp of the octiviiios ot tho Trust on ISS￿ relgling lo thg future ofchurches and t￿ preseryaticm. To receive ￿F￿rtS from the Tntstees on thg Trusys woth. To asslst in PTomotlrvJ Snterest In, aThJ membw5hlp ￿, the Tnts¢ and To suppJrt fUn¢>raI￿rg for the Trust providirKJ that the athico ar￿ recom￿dat￿m$ from the Advknry Cwn(ai shan not b¢ blndlng on the Trustees. The Adthry c￿r￿1[ with a MIn￿￿M of 10 PersOr￿ (no maxlmum), all of must bg members of Ihe Trust. is made up OP. all Trustees: one Ferson nominatgd ty the L(wd Lieutenant of Nlyfolk. one person n￿Inated by the Bistw of No￿￿th.. two PW5ons nomlnaled by the ￿nty CoLmcI: and other parsws appoinw by mombgrs d the Trust in ￿or81 meo11ry. The aponted mombers ofthe Ad¥w C￿Tri1 rnffjre by rotatlon arKI are eligib￿ for Wb¢tIc￿ at the AGM on a 3wear cyckn. The A(IvWy Coundlkns may apkKirt addlth)nal member5 to serve until th8 nexl general meeting. OrganlsatK>n The Tru5tses aro dyectors of the company they aro 8iso the charity trustees for the purposes of charity law. The Trustees. musl hold at Igast Iwo meetings each year but exped to hold six meetings. ￿￿tr¢￿ the Manager￿n1 and admirMstrath?n of thg Tntst. The Advisory c￿nCl hokts thro0 meeting5 a year. The Grants Committ8è consider5 al applcations to assist Wbth ¢￿JrCh repairs and makes recommenda￿nS to the c￿n(￿l and the Trustee5, then deternine award of grants. The Secretary is re5p(¥)s1b￿ for the day to day wratDrts of the Tr The Tru8t has ￿ subsidiary or affdiated C￿npanY. Hcwver. in puTruit (rf ts tharitaue obj8CtNes. the Tnjsl frequentty deaL8 wrth a nurnt￿r ofothorcryoni¥atN)ns. suth as Ihg Nati￿81 Henlage Lottery Fund INHLF) and Historic England. NITh of Ih8sg is a relat￿ paty ofthe TWSL Rlslr manageny•nt Tho Trustees aSs￿eS annually ri5k$ which mi￿1 arfse durlng the course of the Tru51'$ operatk)ns. The Trustees cwluded Ihat thg major risks lo which the N(xfdk Church8s Trust Is exposed, aB Idendfied by tho Truste85. hv4e been revlv•4Yd and systoms or proodure¥ are estsbll8hed to manag? th05e rtsks.

The Norfolk Churches Trust Limited Trustees, Report (continued obl0th￿ and acUvlll•• The Trust's Memor8nthm (rf Association states th8t it ￿ established chap91s ol any Christi8n denC4Th'nat￿n in thg ￿nty of hiirfL or the ￿LiC&S8 of Nonwch. and the monuments, fftllngs. fixturBs. steingd gtsss. fvmiture. om8m8nts and chattgls in such churches and chapds,. 8nd thg Churchyards t￿Ory1ng to such chuths.. The Trust also has similar FXYhts in respoca of thrthes or chapels crf historical importanco or 8rchttedural valu8 8nd hav8 been dedared redundant ￿ otherwise ceased lo t used r8gulady. Ttre Trust aims to supp(Yt tts pr8sep48t#)n of 8s mary Norfolk ¢hurGl￿ as p)ssI￿e in a given year. Faced wth th9 coryetibon for finanLaal reS￿JrC8s in r￿at￿ lo Ihe sums needtyj lo maintain and repair Church￿ and, in many cases. the $mall size of Cong￿jati0nS. the Tnjst seeks to support the time completion of vAyk. t)8lays in maintenan￿ or rwir will lead inevilably lo more extensive work and higher costs. Parishes are often daunted by the scale ￿the tssks thate{￿frOnt them and the magnitude of the finances required. The Tntst seeks to prcrfnote Pr￿tiCal soluticffjs, by combining the offer of grants from its own funds its experience of dealing with the Heritage Lottery Fund and other grant- gNir¥J bodies. The TNst also leases 12 churches from the Di¢xese of Norwich and ¢J)8 thurch from lh8 Roman Catholic Di¢xe$o of East Arylkq. with the Trust ta￿n9 responsibilty for their repair. In support of its prirripal activity. Ihe TnJ5t seeks to lake the initiatNe in mary Telated ways. The TrtL8t." Recerves and reviews QuirNuennral ReF4)rts. to thurthes in ne&J of supwrt and identify the estimaed cost and pri(th of work requir8d for each church.. Advises parishes, needed. in preparing th•rapplicstion5 lothe National Lottery Heritage Fund arKI other ￿rtential furKlirvJ tthies for ¢))ntributh)rB in a(bJibon to the Trusvs Chvn grants; Encourages plans for phased repa¥s, to refiect the availabilty offvndsfrom theTwst and other bcNJies, and lo give suppmxl to SUCQS5ive phases of w(xk'. Commissions inspeclk)n$ of its Leased Churches everyfib years. uThlertakes repays and other incbjental work as the need arises. and: Li8ises wth the Hist¢yic Religi)us Heritw mian￿, Historfc England aThJ the Natsonal Churches Trust in relatKn to naticnal pcdw. The Tnjst makes no tharge for Its athce to, aThJ support of. parith. To finarte its w(Yk, the Trust Yalsts funds from.. Donatws and ￿￿eS., sub￿riPtIOns from I￿￿ldual, and PCC mem Gr8nts from a rang¢ ol fvnd8r5', Fund4aising ever￿, 1Th￿IdIng the annual RhJe' and Sale of goojs, some of whlth are dcThted to the TrusL The Trust's m8in ot¥'ecv88 and adivili8s rern￿ned unthanged ¢Mr the fotyight Yea￿ since the Trust was fomied. The rang9 of related aLXiwties hes been prDgres5ively exlended and refined to meet the needs of parishos confront&l the escalating tsjst d church r￿18. The Trugt exFeCts to continue with thi8 broad strategy. Grant-m•klnq ￿￿1•$ Wrthin th8 Trust's aims aThJ 04'8Cti¥ES, the Trust invrtes apph'¢xtw)n5 for the repa'r of thurthes and chare15 of any Christian denominalion in the County (rf Norfdk arKI the NOr￿Ch. Grants are assèssed on the urgenry of the work proposed aThJ on the finar￿A￿ rest￿1r¢eS dready available to the parish CY congregat￿. A finan(ial statement is wuire¢Y ryth eath applicatK)fL ConsId&rati￿ is given also to other sources of fvnding, whith are or w be availa￿e to tho apklicnt.

The Norfolk Churches Trust Llmlted Trustees, Report (continued) Volunt•ws From its foundatim. the Trust has bean abla to fUnC￿n (￿ty Y￿th the dedicated gjpwrt of a large numter of volunte8rs in all arBas of its Tha Tntst em(4oys a part-b'me Secretary and part- time Flnan(ial aThJ Administralive Assi51anis. other%wyk is the by unpaid vdUn1ee￿. The prfncapal tasks which are party c wtrdty surwrted by volurrteers indLJe: Assessmenl of thurch requirwnts from Quiwuenrmal lnsFectK￿ Reports and local Assessment of grdnl ap[Al￿tionS. Identification of Potenb.￿ doTh)rs ar￿ sUrp￿1erS forthe T￿￿1.. Planniro, oryanisation and accountsng for the sP￿sOr9d Bicyde RMI8', PlannirwJ and managem￿1 of other Trust fUrKIr¥i￿￿J events: Flnandal managgment and reporbng. Whik8 it is not realistic to quantify the contritmrtion of I￿e volunteers, either in tem)s of or the notional eost crf staff tyuivalents. thg Trust B alm08t vkndly depend￿1 on vdunteers for rts "actMtie8 for generating funds" and for a range of advice aTrJ Sur1￿ gNen to the Trn￿t. A¢hl•vom•nts and p•rformwKe In the year 2024-25, tho Trust (xjttinued lo cthr ￿ants to thur￿￿$ acmss the county 8rKI carried out minor repairs and routin8 maintww¢o at the Leased Chur¢hes as set out bdtr. These commltmènts wer8 made up ¢. 202JA5 Numb•r of clwrch Grants offer&J 182.713 Leased churcms 57,877 13 During thè year and induding unpaid grants offered in we¥￿u8 years, tho Tntsys grants supported total of 33 ￿r¢h85132 in 20W24) Tho ful b51 is gr¥en #i 9 and 10 10 th8 Finan(xal Statements. Since the work on a church repair may be SFKead ovar a number cl years. there is often a time lag bets¥8en the offer of a grant and its eventual pa￿ In 2024-25. the Trust nkide grant paymènts of £175,013 12024.. £154.324}. At the end of the year, the total of grants offered by thè Trusl but not yet di8burs8d was £296,711 12024: £289.4491. The General FurKI rep￿￿ts ￿ Tru$Ys M unrestriL#ed resour￿. aTrJ at 31 March 2025 5toTrJ at £126.155 In addition to ts grants to r*urthes. e&h ofth8 Loasad Churth8s is subjecl to Quinquennial Inspertlon and repairs aro undertakon as required. During the year. the Trust incurred QX￿drtUI8 of £57.887 on the Leased chU￿heS loffs&l to some extent by grants rewved of £4.779. s88 nDlo 101 and receNed income of £890 {202>24: £2.012}frryn collectkns at dwrch seTVKeS and dcnal#)ns from vi5ttors tothe churches. 10

The Norfolk Churches Trust Limlted Trustees, Report (continued) Flnan¢lal R•vl•w Pollcy lorru¢rveB Every year or rpo. th8 Trustaes o)nslder the thg terni natu￿ ofthe Twsys commitrn8nt to suptJt the care and main18n￿ee of d)urches In N¢yfolk. Thls commllment requires tNg Trust lo supkvt k)ng term repair a￿1 restoration p￿1•cs, over years or in some cases decajes. %thgre the exlent an¢J cosl of the work cannot in Many eases be assesse¢l reliably in advancè. The extenl of the Trust's sUp￿t be affecthl by th8 changing availability over time of other grants, inclLKling those from the NatK)nal Lottery Hèritage Furnl. In addith)n. the Trust leases thirt8en churches, with re¥￿n$1￿￿ty for their C2fe and maintenance. To protect the Trust from the risks rf thesè priiects an(J lo pr(Mde adequate support trj parists, the Tntstees b8liev& that th8 Trust sP)uld retain SUbs￿￿al reseNes agansl th8 0)ntingencies that may arw in many of these tyojects. The Truste8$ ab50 considerEd the CCVkV)Sition of Ihe Trust's income. Only a modest prO[xxb￿ of income can b& regarded as reliaÈ4y recurrent. whi￿ th8 Trusl has benefited consklerably from a varlety of other sources of irKome. circumstances may arise in the future wt¥ch wdl reslrid or exclude the Trust fnyn 8¢ce5S to such sources. The Trust has benefited aLw In)m the inve51ment ir￿orne eam&J on its roserves. which cover tho Ma1￿1ty of both the sUp￿rt t))sts f(w rfs Laritablo adivfoes and thg costs of govamar￿, thus Yreeing. the fvnthrai5irg arKI most of the other income fc￿ 0%￿￿￿rtUre on churthos. Therefcre thè TrL￿1 proposos to kegp rwJeprf￿. net ofgrants urpa•J al the ￿r end, at approximately th6ir current level in red temis. As al 31 March 2025 the nel assets ofthe Tru51 We￿ f2,133.265 12024: £2.180,7991, thg douoase in c¥xnpafbson %￿lh 2024 belrvj mairty attrrbuiabl8 10 the fall in share values as the markets conllnu￿l lo rèact lo global uneèrtainties.. The tnjsl's ￿n￿stricted reserve, hglpgd by £60,OCQ of lègacies rose by £41,503. Life membershipsirueased the investment ￿SerVe by £1.5￿ but the fdl in shared val￿5 of £96,472, reduced the portfdio including cash balances hdd with wr brokers. lo £1.767.446 12024 £1,868,428). A further £30.305 of legat?88 was transfeffed lo the leased thurches ￿nd The P￿￿Y on reserves is rewe¥￿d annualty by the Tn￿1 Flnanclal perforni￿ The Trusl aims to achieve over time a bakrt betsveen in￿ming and I￿tgOIng resources. befor8 galns or losses on investment assets. The Tr￿1 generdlly de5KJnales recwpls from legaues and life memLErships lo the investments fun(J. A b￿et is pwared Lkrfore the slart of eath financial year to estimate the incoming resources kn estJ"mated running costs 8T￿. thus. the resources avaIla￿e for grants and Oth￿ eX￿ndi1Ure on thurrhes. Th8 prrNJre&8 of Ir￿a￿ne and expenditure is reviewed 31 each Trust99 s MeelY¥J and the fvndiry availob19 for grants may be adjued The Srrtinsored Ride. rthy in ris 40th Jr. eLJntnues as the Trusvs krgest annual fvnd-rai5ing event. In 202415 the income 98nerated was marglnalty less than 23r241£129,58818t £126.$87. The Ride continues lo opwale on ts oThJinal principle. that each partwant nominates a curch or thapel which wll receive ha¥ of the n￿neY raised t(4ethw ¥￿th the relabj Glft ￿d. less 2.5% tovrdrds adrrmn costs {see Note 6}. The ro¥ull ts the year, befor8 in¥8strnent gains and kwes, was an overatl 8urphJs of £48.938 {202415 £136.553. which rda(èd thè impact of all thè f¥*ors mentK)ned above an¢J o)ntinuing major repair works on th8 le8sed thurch6s during tha year 89 88t in Th)tes &10. The full breakdown beh¥e8n tho V8rious fund5 is shown in tho Ststwnenl of Fbnanrial Acts¥itie& 11

The Norfolk Churches Trust Llmited Trustees, Report (continued) Al Investments hekl by th8 T￿￿1 have been acquired In acc(Ydm with thg t¥XWS aV￿lable to tha Truslges. Th8 financial slalements demonstrate that althe end olthe year assels werg availa1￿e to lulf all the Trusfs obligatins ￿udIng grant offers. with additvThl amI￿nts being inveslod to provkjg income for future aGtivitie& Sirte 2004. Barratt & Ccrf)ke has mawwj ts Tn￿1.8 wivestments a discretk)nary basis. The Trust has appled swial. ethical or environmental consideraiws or (xmstraints on the inVeStr￿n1 of its funds. The investrnents are managed on a k)w risk ba51& Th8 Wak￿S of the porttdio are sal out above and the strudure of the porMK) has ￿mair￿j Ihrgdy unthanged (see rKkn 11}. The estimated inLKrfn6 yield on the main por￿￿￿? at the year4nd has rerna￿j at approximatoty 2.9% vAth capital vahAs reminlng slabc but prevM)us dNKlend cuts ovor pgricd of the pandemlc having r yet been fully rgv8r8&J. The intW8sI ear￿d on bank deposit8 has in¢7eas8d 8ignTficonlty as world Interest rates havo incTgas&J this has offsat the 11n￿ct of static divhjond incorng. ststem•nt of TNste•4' R￿pOnSIbili11¢S The Trustees arg resiKMsiL48 for pr8pariTrJ the Trustees Replyt aThJ I￿ financaal statsmant8 in accxjrdance vnth appl¢a￿e law and Unite(J KIr￿d0M A¢tt)Un￿ng Starthrds (United Kingdom Goneraly A￿Pt￿l A￿￿n￿r￿j PraLce}. Company law requires the Trustees to Kvepare financ4al statements for each finan￿81 year, which give 8 true aThJ fair vkyrt of the stsle of affaits of the chariiatle company and of the incoming resources and application cl rE50urces, including the ineome and exwditure, of ihe charitable (￿npanY for that p8ricxJ. In p￿parr￿j thgse finanaal ststements. the Trustees are r8quir&# to: sekd suitable aco)untiry FdiL¥es and Ihw aFvty them consbtenly; observe the meth(xJs and prin￿FI0$ in th8 Charrtw SORP IFRS 1021., rnake judg8mgnts and estimates that are reasonatje and prud8nl" stste whether a￿lcabba UK Accounting Stsndards have boen fcrflowed. $ubJ'ed to ary materia departures disckjsed arvj ex￿ained in the financial statements", prfjpa￿ the finantsal slalements on the going (£rfKgm b￿$ unless rt i¥ Inapwopriate to presume that thg th￿table CoM￿Y wll COn￿nUe In operallon. The Truste8s arg res[￿ybbe for koepirKJ adequate acC￿￿til¥j rectyts that disdose wth rea$onabl8 accurocy at any time the finan(ial positrm of the charitat4e comp8ry and enat4e th8m to ensure that the finandal slalemenls comply tha Companies Aet 2006. They are alw rasporysible for safeguarding the a￿ts of the d)arilable cunpany ￿ henco for takmg reasonable stèps for the prevention and det8¢tiLm of fr8ud and other irr8guLqritiès. The TTUStees are responsltrAe lor the mairrtenm WKI integrity of the ruForate aNJ finandal infom181ion induded In tha charilable Lyjmpany's website. Legtslation n the United ￿r￿jd0rn goveming th8 preparation ￿ di$8ominatw of finan(ial infomwtion may diffw Irom log￿latIOn in oth Jurisdictions. The flnancial 3t8tem￿ts have been w8p¥ed In rylh the acc4Junllnu rxlides set out In rote8 to the accounts and ¢OrnFty wtth the tharitys goveming dowm8nL the Charitses Act 2011 and Companies Aot 2006 and Accounting aThJ Rerth'ng by Charities.. stateM￿t ol ReC￿nMended Practice 8PF4i¢8b to tharities woparing thr acojunts in 8co)rdanL* wth the Financaal RaF#Jlry Standard ￿1c8￿@ in tha UK aTrJ Rawblic of Ir81aThl IFRS1021 (offeckn 1 January 20191. 12

The Norfolk Churches Trust Llmlted Trustees, Report (continued) The trustees. report serveg the PU￿ of Lw)th o Intslees. (oport aTr3 0 dife¢tfn' fewtunder o)mpany law R•porting Aceowhtart Larkiro Gowen LLP is williro to ￿ntinue in ofTK as fepLYiing a(x))untant aThl a re$dut￿ to r8apFdnt them wll be proFrfxed al the annual gffieral meelirrfj. Smam company pmvlslons This report has ten prepared in 8rwd8nce WTth ￿ speci81 for small (x)mp8ni8s under Part 15 ofthe compan￿ Act 2(￿. Slgnod <)n t¢h81f of tha TrLtst06S Mrs Rosabdb Batt Dr John Mathjlson 3 July 2025 13

The Norfolk Churches Trust Limited

Independent Examiner's Report to the Trustees of the Norfolk Churches Trust Limited

Year ended 31 March 2025

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2025 which are set out on pages 15 to 22.

Responsibilities and basis of report

As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and our eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s Statement

Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. Accounting records were not kept in respect of the company as required under section 386 of the 2006 Act; or

2. The accounts do not accord to those records; or

3. The accounts do not comply with the accounting requirements of section396 of the 2006 Act other than any requirement that the accounts give a “true and fair view” which is not a matter considered as part of an independent examination; or

4. The accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in accordance with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Giles Kerkham FCA DChA Larking Gowen LLP Chartered Accountants, Norwich

18 November 2025

14

The Norldk Churchm Tru•t Um5t•d ststgm•nt of Flnanclal ktlvltlgs for th• yw •nthd 31 IA•rch 2025 Ivwp)raliYJ ￿ & Ew•rdiUJr• A¢x5￿1) R••lrfcts Totsl Fwbd FwndB T¢al Futt I￿e￿I￿￿ Churdx8Churdw 2024-5 20234 Dw8lknro bJacs 85.794 85.794 1.305 39,123 4.779 86.791 Logaues &Jb$rptyws Hwltay Lottery Furd & fvgranl8 LeaW thur£￿5 Othertrading 8¢tMtr 37.623 41.136 104,398 2.012 4.779 iZ2.1 68,124.2 7.924 68.7￿) 122.118 68,124 7,924 68,700 129.588 52.821 6.893 63,641 Tntst went& Inote 41 Sd• ofgcots Investments Inoie 51 T•thi In¢tyx• 451.173 35.CQ4 487,757 492,280 Exp•ndlturg on: Raising fvnds Inolg 61 17.874 101.981 17,374 101,981 16.020 92,478 Fundr8i8lThJ ChBrttibkry activi Grants offerBd (Thote 81 ExpBThtiture on kned clxYces 101 Swori oists InrAe 61 G￿eMan¢6 costs lTrJte 61 182.275 28.728 67,616 11,196 112.275 57,877 67.616 11,196 141.n6 32.298 62.869 10.336 29149 Totsl •xP•nd1￿y• 09.671 29,149 438.È2D 355.727 M•t Ine4xn• I1•X￿￿1¢Y￿) lJ•for• In¥•4￿ 011 41￿3 48.938 136.553 N•1 (kn••#l Igalns on Inv•#bMrt •u•ts .96.472 -96,472 60.361 N•t In¢tyMll•xp•h¢lb¥•l •rrtl N•t mov•m•rt Sn lundj frKth• >•w 41503 -94.972 5.935 47.534 196.914 Totsl hnd broughtforrd 84.652 L868.428 127,719 IlXI.(m 2.180.799 1.983,885 Totsi fvnd• eArri•d fotw•rd 126.155 L773A56 133,654 1Tr).CW 2,133265 2,180,799 and In ofll Twstoos ￿ orwntafjon (rf a sop0rnr& and exwditiX8 sar¥8 no pwp)Be. Th8 Income 8TrJ 6xp8TrJkna kn Ihe ye8r rolala erthtry to th8 Tr￿￿5 (￿trn￿n9 a(ivits5. Th8r& wer8 no rwiis*J gains ar the nel 01£47.534 n the 8TrJ8d 31 March 2tr25 12024 n6t gain.. £196.9140. WI. Th8 NAe8fm p•Je$ 17kn 22 fonn part oflh888 ffflandd ststsrnents. 1S

The Norfolk church￿ Trust Limll¢d Balanc• Sh••t as at 31 M•rch 2025 2025 Investsrvts (note 111 1583,372 1,680.113 Debtors Inot 121 Inye8bnwts. UK Tr•a8wy Stocs (nots 131 Cash at bar and kn h￿d lTrJt8 14) 31.481 184.074 69S.495 22.876 184.993 621.6 911,0 Crndtorn: •rnount• f•lling du• ￿1n on• 9rts from Garwal 91 296.711 64.446 289.449 39,423 1.157 328.872 N•1 ¢urront 549,893 S(fj.686 N•t ••••ts 2.133,265 2.180.799 Th• fuThl• af th• charlty Incts 161 Unr••trlthd.. Gen8¥81 fuTrY De84nd lurth: 126,155 84,652 1.773.456 133,654 1.868,428 127,719 jcfj.c￿o Tot•1 ¢hwlty fund• 2.133,265 2.180,799 Forthe year endod 31 M?￿h 2025 the cornpany was enthled to exemption fLYn aU￿rt under sertion 477 ofihe Companies Art 21Th as applicab￿ to small compan5. Thè members havt not requbred the comparry to obtain an audlt of its a￿Unts forthe year in que5tlon In accordanc¢ wth 5ertlon 476. The dlrectors acknowledse their responsibllitits ftji COmp￿n6 with the requlrements of the Art with respett to ccounllng r¢cord5 and ihe preparntlon ofaccounts. These attounts have b¢en prepared In wrdance wlth the rovisior￿ ap￿1¢a￿e to conp•nies subierttothe small tompanies rt4Mne. Th8Be ffinand 8tatem•rt8 w• aF¢Xtr4wI ty th• Trust888 on 3 July 2025 a￿1 ore s&JwJ b¢hoV by. Rc48tdk Batt Chrm8n l•n L￿d819 Trusteo Tr• Th)tss 17 b) 22 frrfm partoftwe fina￿4 61aternw

Not•• to th• flmndal •tal•m Th•TnJstp&4 Er*fftl1ffAW4lu•￿• chrttyln EWdindW4 (whitb￿￿ Drl¥sfmm 17

Norfolk Chur¢hos Tru•t Umlt•d Nol•¥ lo th• Iln•ncl•l •¢•l•m•nt• Icontlnu•dl Toial 4,430 24,465 5,975 16,2C(I 48 byth8 Chw 180 23.150 Hc4kham Opw• Wdtsm 7fjfj kg IM25 105 851 124 52.821 2124T 11fv11 19,182 6,152 .307 841 £71￿1(2024.. £70.387) rdt69A87 w¥tyc<•tsd£7 Gm tw• b8 tythp TnL £S&WO 12024." ￿7.770}. sup[¥￿ of v0￿￿13ry Fw¥Jrntskn8 charitsb GDMvnarKe Incty￿e a¢Y Totsl IS.024 41gZS 6.110 71.541 70.387 470 L691 5.71B 1.691 2.859 68.011 1.691 1,429 4074 mdItr¥U￿ aTrJ rr Swsor•d Rxl• 18y2 •1.011 7Q272 2￿98 2.596 1.860 1a1.702 3,852 101.981 17.874 67.616 I98￿? 18

7J EWJiMvp 75 w•u1￿.5[￿*

Th• Norfolk Cthur¢l•¥ TnNt Lknlt•d Mot•• to th•finn¢141Alal•mwts1¢4>nOnu•dl 13,n4 1324. I2￿.T£ll 1.241210 2.171 1245.￿1 1xJn urnt Tru 1% 10.7V4 79 13 17F1 IJA 1149.757 (*24£435746k 1Z 7W5

).e71

The Norfolk Churches Trust Umlted Notes ta the financial statements (continued) DurfwJ th• eJJrnnt ass￿ inV•sbm￿ ww8 W kn UK Govgn¥rnt Treaswy Slocks and COrr￿th 8{￿d$ IA•rknt v•lu• Cost At th• ￿l￿nn1r￿j tsfth8year. Treasury Ith￿[1￿￿ st(y(￿ CUkKKate t￿ts Addition# at cost 183,673 58.678 150.T791 176.245 58.876 150,0501 Oisp08al prcwd8 Nèt Ibssosygains At th• •nd oftho y•ar Tr•aFJJry Irklèx4wred SIOr￿ tryrate tb)nds At tho end of tho year. Cash 183,043 1,031 184.074 184.871 1.031 185.9)2 Mark•1 valu• Fix•a Interest stocks Corwrate bonds fuN Cash 89.1% 103% 0.6% 161,896 22.977 1.031 185,904 1031 184.074 14 Cash at bank and on ¢•ll d•po8it 2023 2024 Centrd Board of Flngnce of Ihe chu￿ of Engknd fcBry. C8F Doposil Fund Barcknys Bank pk 340.5•1 J54,904 805,495 337,527 284.162 621.689 15 and d•l•ff•d ineom• 2025 2024 Ogferred knc4Jm8 brwght lrywwd Re￿$8￿ in tho ￿er Dglorrnd kn the ye Deterred kncorne fr>￿￿r[j Accrua 39.423 139A2JI 27,860 27.880 22.975 122,9751 23,965 23.965 15,458 39,423 Deferyed Income represents mcfflies rocfv•J in alfvar￿ for everts vthith had not taken Flaeè bylho year end. 21

Tho Norfolk Churehos Trust Umfted Not•s to th• finonclal statsments (contlnued) Fund ts•1￿£￿ at 31 Il•rrh 2025 ty. Flx•d Unrnstrlct•d fundb: Genernl 487J12 361.157 12•.155 Dulgn•tad fvnth: 1.$83Jn 190. 133.6Y 110.IJOO 911.OSO 1,TT3AS6 133.654 100,000 2.133.265 R•trtct•d Fund Tot•1 Fund 8knn￿• 1.583J72 361.157 In 2024 £100,(rf)O w rei%tr+ed kn go vAxks atwest 15 W 89 a r85trbed Furn1 bakn(￿ at31 2024 ¥48r8 ty. UDrn•irf¢t•d fvndl: GM¢r81 413.524 328.8n O••lgn•t•d fvnd¥: Inv•sbm8nts 1.6W,113 188,315 127,719 11Jl.COJ I￿68.428 127,719 100,OC(I 2,180.79a Totsl Fund 1.880.113 328.872 17 Th& TA￿lI8 bEn￿yofan tsthle. ¥xJd08 a prrp¥tyAth a ryobat Va￿8￿ CA £110,CW. lh￿ 1$ to a1rf8b.me tenwlnlarest. rK) an￿1 has t broLwJht ￿ lo lh• Tha IhO1 the prop•ty Is in r8Hswt4 Fln•n¢lal Instrwn 2024 FN8d assot Investmwty lTh)te 11) C4mni asBei 131 1.5B3,Jn IM074 1.767.416 i.e80,113 184.933 1,865.046 cont1￿¢￿¢ assets As at th8 year oThI. thè charTty had n￿thad of a fvsiduary bycy the final ¥Blu8 01 tho estate w¥s uncortain becau80 th• 8￿r$ are w¥itiryJ for rjgarance from HMRC. Thor•loro r arnounl has been 8CCtued in ¥epecl ofthe outstandiry kgacy 4thic* is esbmated io be kn th8 Tegic of£4.700.

The Norfolk Churches Trust Limited Limited by guarantee Annual Report and Financlal Statements For the year ended 31 March 2025 Registered company number 1247797 Registered charity number 271176 Environmental Body number 111076

The Norfolk Churches Trust Limlted Annual Report and Financlal Statements For the year ended 31 March 2025 Contents L•Jai and admini8lrntive detals Chairman's Re￿1 Trustees, Roport 7-13 Ind8pendenl Examinerfs Re￿¥Y1 14 ststement of Fknancl81 Actmt Ba￿ce Sheet 16 Notes lo the Finwcial Sl818ments 17-22

The Norfolk Churches Trust Limlted Legal and Admlnistratlve Detalls Company Numb¥ R•glst•r•d Charfjty Nwnber En¥lronm•ntsl Bryly Numb•r 1247797 271176 111076 W￿d Farn Fothy Ro1 Norfdk NF120 SPU Patron HM The King Vlc• Patrons The Duke of N(yfor The 8i$hop of Ncffwith Th8 Bishop of Ety Prnsld•nt General Tr Lcd Dènn8tL GCB. CB& IK. DL Vl¢• Prnsldonts 8ollon Agn Charfes Bingt￿M￿ewI8r Emma Brfdgewer CBE Petor Bunsen Lady Egerton c￿E Ng11 Fostar Lady Frdsgr Mrs. Sara F08ter DL Roger Last Matth8w Rice Peter Shepher(I Mrs R08ab¢lb Batt (Chainnon) Dr John MaddLgw (Chairman, Grarrfs Mlth801 Sayer" Mrs hJnelia CLwrtdd (Chainmn. &k8 RJe CL¥Mw1￿) Sarah CoJnte55 of L8iC4Ster' Patrick ￿ne8 Septeftw 2024) lan Lonsda18 TD", DL Mr5 Mlranda Richards (cwt8d Marth 2025) Mr5 Delphln6 Stsel fCh8lmwi. Events Cc¥ywth, app>rttid September2024) Julian L¢Nnbe T8yk* {Chainnan. DeVelopm￿t Commilth)

The Norfolk Churches Trust Umited Legal and Adrnlnistrative Deta51s (continued) Company Secrolary Linda Jo Advlsory Coun¢ll The Trust¢as recdve 8dvu from th? th$ory c￿n¢4, o)mprws the Trust8ès Ilsted on p8ge 2 aNI the folk)vAro memt*rs at th• ye8rernl'. Lady P4new OL Mrs L8ura Baity Lady Egerton Col. Tom Fitzalan CBE Stephen HeYw￿d James Hickman Charfes Inglis Mr8 Sci118 Landale David Missen (Hon freasurnr) Mrs Moira Morri55ey Michael Pollitt Matthew Rice. Mlke SmSth Ashley SE￿Or￿r John Vigar Mrs Wake8￿￿￿r Revd. 18n whitt￿ (Hon Chaplain) Mich8el Wingate RiGhard Wolstenholme . Indltates a Presldenl

The Norfolk Churches Trust Llmlted Legal and Adminlstrative Detalls (continued) Bankorn and Adv1￿1 Bankorn Bard8ys Bank PLC COIF Charity Dgposit Ful￿8 Senator House 85 (Jjjeen Vktr￿8 Street L¢rt>n EfAV 4ET Solldtors Mils & Reevo 1 St J￿$ Cujrt Nopich NR3 1RU Ind•p•nd•nt Examin•r Lad(irvJ G(ywen LLP Prospect House Road NR1 1RE Invostm•nt Advlsers Barratt & Cooke Limiiod 5 Opie Street NoMrych NR130W

Norfolk Churches Trust Annual Report the year ended 31¥t March 2025 Chalrman's report It Is both a privilege 8nd an honour to tskg on the ¢haimianship of tho Norfolk Church85 Trust. This is a truly remarkable ¢harFty, d•Jicat8d to praS￿rvj one of the gwtast concentrations of medigval churches in the W￿(j. Theso buiklros are not place5 of worship bul 8180 monwnènts ID our shared history armj CTaftsmanship- and many are now 8t signiflc8nt risk Facd w¢th rising repair (y)sts and dedlnlng o)rKJwatbons the future of wr chwches is. without doubt. the UK'S sirole greatest h9ritag8 challen￿. While many of yw wll familar 7•Mh thosè facts. they bear repeakn"rwJ- not only lo reinforce our Shared MIS￿1￿, bLrt also lo help you athcKalE for tho impcvtsnee of thurth buldings to your mmunllieg, lo herlt8g6 bcrtjies, and to and nati￿￿ deaskJn•mak8rs. I W￿ld first fike to Pay tribute to my predecessor, John Maddl8on, vtho stepped down in Novgmb¢r after steering the TnJst so ably- part￿u￿ thr￿jgh the I))mple￿tieS of the BiS￿p.8 COMMI￿On. I am delighted that John's knowledge and ry)mmithent lo our ￿￿Se w41 continue in hi5 new role as Ch8ir of the Grants Cornmlttee. ￿re he su(Theds Michael Sayer. Michael is the Trust's lorKJest- 5tsnding member. havwig begun his invofvemwt und81 the leaderslyp of Lady Hwrod. Hi8 exp8rti8e ar¥a unwavering Commitrr￿nI to tho pr&serVatiC￿ of Norfolk's havo invalua1￿0. On behaw of th8 entire Trust. Ihank you, Michael. Over the past year. Ihe Trust has provNJed support to 33 churchos a¢ross Norfolk. distributing totsl of £182,713 in grants . Our investment wrtfolio has continued to perfom r8asonabty well, d8splte on9)ing polit￿￿1 and finarK481 urKertainty. Thanks lo several generou5 legaLies and grants, we are n¢X in a posrtion to address some of the repair fiabl1t￿ aS5o￿ated with the thirteen fodundantloasad thurth•$ in our care. We have also enjoyed another rkh 8Th1 varted year of events. wlth tr4VO maiof hWlSghts: The House by the Church and the H(4kham Opern. tK)th of whl¢h were very popular and wdl SUPFX)rted. The Ht)usè by thè Church. brillTrantty (ryanixed by D#lphinè St•l• and a dedicated corrrnittee, raised an oulsianding £2S,147. The Ht31kham Operas vfds gener￿slY orcestr8ted by Sarah L8lce8ter, and W8'r& so gr8tgfvJl for her contributM)n to suth memoraile eVen1r￿S. We also hosted a series of engaging and insighthjl talks from Alexander ChristiAlillw. Arian• Bankos, and Imogon Corrlgan, Justin Nolan. Our th￿kS go lo them. and to everyone- speakers. voluntsers. Ofganisers, and attendees- wfKJ makes thtsse events possit4e. Every pound rat$￿ goes direcdy to SUk)POrting the reslorab.on and preservatK>n of churches in Norfolk. arKI these events remain vltal source of Inccqne for the TNSL We would like to offer particaJlar thanks lo Patrlck Lln•s. who stepped down as Events Lead this year. His stewardship over many interesting and SU￿ssful events are much aFS)recialed. We now wdcome Delphin• Ste810 into thg rob and IcJk forward wilh anticipation lo the idèas and OPF¥Jrtunities she will brbrKJ. The Blke Rkl¢ was once ag&n blessed wlth glorlous surtshine. and it was WorMjerf￿ lo see so mary Pgopje I8￿ng p8rt- f8mlls. chldren. even a dcJ in a basket! The evenl raised an Imwesslve sum of £122,118, arKI we extend our cor3ratulatiorts lo Amella Courtauld and her team for anolher fantastic yeai.

November brought furthw changes within the TnJsL as we saKI farewell to ￿Jr lOn￿tandIng Secretary. Scllla Latham. who rth.red after more than 9 years of d￿Kated 8erv7ce. &lla has been an invaluable source of adv￿ to thurchwardens arttJ has overseèn our leawj chur(es ￿th diligenL. Wisdom, and 1X￿pa$S￿)n- especially during ts th8lenging Covpj year> We Ihank hor slncerely arKI wish her every hapFdness in retirem￿11. parti￿1￿ty in her beloved garden. We also said gTr>Jbye lo Caryl Wrlgm. arv)ther key ff￿ber of our administrative team. Caro's hard work. patience, and C￿MIlMent to the Trust have been greaty apwwA8led. Thank you. Caryl. As we lo)k ahead lo th9 50th annlvernary of the Norfolk Chur¢hes Trust in 2026. bggw this ygar wlth a stratsgic pLann1r￿ session. affe¢lI￿at&ty rofwred to a5 our D8ep Dive D8y- though a few c￿￿m￿tee members We￿ mlldly conceme(I they might need flipp￿51 The Sessi￿ prov•Y highly prcxjuctlve. all0￿ry us to rellect ¢Jn trKYN Ihe Trust Ian adapt and thrive in the years 8head. What is S8dty dear Is thal more SUPFQrt b8 need￿ in the future trj maintsin these Incxedib historic monuments for gen8r8lKfft to Mme. Bul I roman optimkstic. Wlh ts strèngth of our membgrship, tho dthaicali￿ of cNJr volunlegrs and SUFPYter5. and tho gr￿Ing awargnès8 of the importance of Our churth harilage. I bo￿8Ve wo ￿ wdl tAac8d to meet the chdry. Please help us by encouragiry frieThJ8, famdy and cOneagL￿s to become members of Ihe Norfolk Churches Tru5L With yoursupFrt we can c￿tinUe to care for these remarkable N￿[olk treasures- not just for today, butfor firture generatI(￿S to enjoy. Rosabelle Batt Chaiman

The Norfolk Churches Trust Limited Trustees, Report Th8 Trus198s, as trustees and dired0￿ of th8 TrusL prgsenl 49th r6pcrt ar¥J flnancyal stements for the year eThJed 31 Marth 2025 Summary and tho Publlc Benefit The aim of Th8 Norfok Chuth8s Trusl Is lo preseNe, repalr, maintain, beautify and reconstruct churches or chape15 ofany Chrlstlan demmlnatlon in ts county of Norfolk orthe DlorAse of Noryllch." In the terms of the Charities Act 2011. the TnJ$t's aim fals 7Mthin iwo definiticms of charitable aclivty. the advancement of r￿1g￿n and the ad¥8ncemenl of heritage. On eath cAxJnt. the Twsl provhl8S benefits lo th8 publie g•nèraly. Thg dirBcl benef￿la￿S of the Trust's SUPFrfJrt are the parishes and ngregalions, which are res[M)nsIb￿ f￿ churces and capds in Norfolk or thè Diocese of Norwich. These thufehes ar¢ preserved for the benefft d the c(nmunilies they serve arml for the wder public for wh￿h th8y are freety avwlable. The Trustees have been mindful of these wblic tenefrts Sir￿ the forn￿￿'0n of the Trust in 1976. in rdlsing funds and making grants lo suptth the preSer￿lI0n of thurches. Over these years. the activities of lh8 Trust have femained true to its Original aims. The Trustee5 have ￿5￿ered Ihe Charity commiss￿.5 on public ber￿ They confim that in F4anning and carrying cyjt the Trusys actsVIt￿ thay hayè had rryard to this guidan(. Structure. Govem8n¢e and Mw¥g•meTht Govwnlng Docum•nts The Norfolk Churches Tntst Limlted Ilhe Yntsfi was incorp￿￿ on 31 December 1975 a5 a c(Knpany limited by guarantee. The Trusl ￿ registergd as a charity7h4th th8 Charfty Corr¥nIss￿ aTrJ asan envirorffiental boty (number 1110761. Membw%hlp The Tru8t ha$ 1.441 Momb￿5. on payment of a Sub￿p￿.on have been elected to annual.1rfo, or Parochial Church Coun￿1 membership. Each member is eniiued to vole al a general meetirKJ of the Trust. If the Trust is wound up, eath member is lia to conlritsjte up to £1 Appolntmnt olTrnstees Artidgs of Asswation clth8 Tw5t providg that nurn￿r of Tn￿te8$ shall be not16ss than 5 arKI not mre than 12 indivKluals and that al must bg mombws c the Trust TNstg0s $hal be o￿ted by members of the Trust in general rn8eting. The Trust￿3 may appoirrt a p8rson to act 88 truste8 until the nexl gen8ral meeting. One TNsleè ha$ served conthLKMJ tsirth the TnJsYs fLwThlalion. The TrLLqtees wdl continue in offico untll the next Annud Gen8Tr1 Meotirvj, at whM OM third of thg T￿￿85 wll r8tlre and VAI be ellgltlè for r&el8Ction Since its foundation, the Trust has srjjght to athievé in its govemiry body the wKlest p)ssible repre8enl8tThi throughout the ctsjnty. by n¢)minatiThJ iThj[￿dUaIS with knwe aTra understanditvJ of the aims of the Tnjst lo presm Norfolk'$ ¢hurche8. Additional trustees have been appointed with skill$ in the preservats'on of historic buiklings. finance. bugness, investrnt and fundraising and a foThnal p￿￿eSS is in place lo enswe the (thGtive knuWe of Ihe board in these areas is maintain8d.

The Norfolk Churches Trust Llmited Trustses, Report (contlnued Appolntmont of Trnst••s (conllnu•dJ TN8tees are nominat&l on ￿ basis of thwr k￿medge and expor1er￿. Nv•V trust￿ are prowded with copies of Ihe TnJsVs MemorarKlum and Articbs of NA￿atIOn, the latest annual reFQrt and a(xounts of Ihe Trust and the Charty Commission's 9￿￿ notes on t￿ Responsibl1￿e8 of Charity Trustees. A(fvlsory Councll The Trust's Artths pro￿￿ foran Athtsory wtr￿8 rfje is: To advise the Truste8s on all asp of the octiviiios ot tho Trust on ISS￿ relgling lo thg future ofchurches and t￿ preseryaticm. To receive ￿F￿rtS from the Tntstees on thg Trusys woth. To asslst in PTomotlrvJ Snterest In, aThJ membw5hlp ￿, the Tnts¢ and To suppJrt fUn¢>raI￿rg for the Trust providirKJ that the athico ar￿ recom￿dat￿m$ from the Advknry Cwn(ai shan not b¢ blndlng on the Trustees. The Adthry c￿r￿1[ with a MIn￿￿M of 10 PersOr￿ (no maxlmum), all of must bg members of Ihe Trust. is made up OP. all Trustees: one Ferson nominatgd ty the L(wd Lieutenant of Nlyfolk. one person n￿Inated by the Bistw of No￿￿th.. two PW5ons nomlnaled by the ￿nty CoLmcI: and other parsws appoinw by mombgrs d the Trust in ￿or81 meo11ry. The aponted mombers ofthe Ad¥w C￿Tri1 rnffjre by rotatlon arKI are eligib￿ for Wb¢tIc￿ at the AGM on a 3wear cyckn. The A(IvWy Coundlkns may apkKirt addlth)nal member5 to serve until th8 nexl general meeting. OrganlsatK>n The Tru5tses aro dyectors of the company they aro 8iso the charity trustees for the purposes of charity law. The Trustees. musl hold at Igast Iwo meetings each year but exped to hold six meetings. ￿￿tr¢￿ the Manager￿n1 and admirMstrath?n of thg Tntst. The Advisory c￿nCl hokts thro0 meeting5 a year. The Grants Committ8è consider5 al applcations to assist Wbth ¢￿JrCh repairs and makes recommenda￿nS to the c￿n(￿l and the Trustee5, then deternine award of grants. The Secretary is re5p(¥)s1b￿ for the day to day wratDrts of the Tr The Tru8t has ￿ subsidiary or affdiated C￿npanY. Hcwver. in puTruit (rf ts tharitaue obj8CtNes. the Tnjsl frequentty deaL8 wrth a nurnt￿r ofothorcryoni¥atN)ns. suth as Ihg Nati￿81 Henlage Lottery Fund INHLF) and Historic England. NITh of Ih8sg is a relat￿ paty ofthe TWSL Rlslr manageny•nt Tho Trustees aSs￿eS annually ri5k$ which mi￿1 arfse durlng the course of the Tru51'$ operatk)ns. The Trustees cwluded Ihat thg major risks lo which the N(xfdk Church8s Trust Is exposed, aB Idendfied by tho Truste85. hv4e been revlv•4Yd and systoms or proodure¥ are estsbll8hed to manag? th05e rtsks.

The Norfolk Churches Trust Limited Trustees, Report (continued obl0th￿ and acUvlll•• The Trust's Memor8nthm (rf Association states th8t it ￿ established chap91s ol any Christi8n denC4Th'nat￿n in thg ￿nty of hiirfL or the ￿LiC&S8 of Nonwch. and the monuments, fftllngs. fixturBs. steingd gtsss. fvmiture. om8m8nts and chattgls in such churches and chapds,. 8nd thg Churchyards t￿Ory1ng to such chuths.. The Trust also has similar FXYhts in respoca of thrthes or chapels crf historical importanco or 8rchttedural valu8 8nd hav8 been dedared redundant ￿ otherwise ceased lo t used r8gulady. Ttre Trust aims to supp(Yt tts pr8sep48t#)n of 8s mary Norfolk ¢hurGl￿ as p)ssI￿e in a given year. Faced wth th9 coryetibon for finanLaal reS￿JrC8s in r￿at￿ lo Ihe sums needtyj lo maintain and repair Church￿ and, in many cases. the $mall size of Cong￿jati0nS. the Tnjst seeks to support the time completion of vAyk. t)8lays in maintenan￿ or rwir will lead inevilably lo more extensive work and higher costs. Parishes are often daunted by the scale ￿the tssks thate{￿frOnt them and the magnitude of the finances required. The Tntst seeks to prcrfnote Pr￿tiCal soluticffjs, by combining the offer of grants from its own funds its experience of dealing with the Heritage Lottery Fund and other grant- gNir¥J bodies. The TNst also leases 12 churches from the Di¢xese of Norwich and ¢J)8 thurch from lh8 Roman Catholic Di¢xe$o of East Arylkq. with the Trust ta￿n9 responsibilty for their repair. In support of its prirripal activity. Ihe TnJ5t seeks to lake the initiatNe in mary Telated ways. The TrtL8t." Recerves and reviews QuirNuennral ReF4)rts. to thurthes in ne&J of supwrt and identify the estimaed cost and pri(th of work requir8d for each church.. Advises parishes, needed. in preparing th•rapplicstion5 lothe National Lottery Heritage Fund arKI other ￿rtential furKlirvJ tthies for ¢))ntributh)rB in a(bJibon to the Trusvs Chvn grants; Encourages plans for phased repa¥s, to refiect the availabilty offvndsfrom theTwst and other bcNJies, and lo give suppmxl to SUCQS5ive phases of w(xk'. Commissions inspeclk)n$ of its Leased Churches everyfib years. uThlertakes repays and other incbjental work as the need arises. and: Li8ises wth the Hist¢yic Religi)us Heritw mian￿, Historfc England aThJ the Natsonal Churches Trust in relatKn to naticnal pcdw. The Tnjst makes no tharge for Its athce to, aThJ support of. parith. To finarte its w(Yk, the Trust Yalsts funds from.. Donatws and ￿￿eS., sub￿riPtIOns from I￿￿ldual, and PCC mem Gr8nts from a rang¢ ol fvnd8r5', Fund4aising ever￿, 1Th￿IdIng the annual RhJe' and Sale of goojs, some of whlth are dcThted to the TrusL The Trust's m8in ot¥'ecv88 and adivili8s rern￿ned unthanged ¢Mr the fotyight Yea￿ since the Trust was fomied. The rang9 of related aLXiwties hes been prDgres5ively exlended and refined to meet the needs of parishos confront&l the escalating tsjst d church r￿18. The Trugt exFeCts to continue with thi8 broad strategy. Grant-m•klnq ￿￿1•$ Wrthin th8 Trust's aims aThJ 04'8Cti¥ES, the Trust invrtes apph'¢xtw)n5 for the repa'r of thurthes and chare15 of any Christian denominalion in the County (rf Norfdk arKI the NOr￿Ch. Grants are assèssed on the urgenry of the work proposed aThJ on the finar￿A￿ rest￿1r¢eS dready available to the parish CY congregat￿. A finan(ial statement is wuire¢Y ryth eath applicatK)fL ConsId&rati￿ is given also to other sources of fvnding, whith are or w be availa￿e to tho apklicnt.

The Norfolk Churches Trust Llmlted Trustees, Report (continued) Volunt•ws From its foundatim. the Trust has bean abla to fUnC￿n (￿ty Y￿th the dedicated gjpwrt of a large numter of volunte8rs in all arBas of its Tha Tntst em(4oys a part-b'me Secretary and part- time Flnan(ial aThJ Administralive Assi51anis. other%wyk is the by unpaid vdUn1ee￿. The prfncapal tasks which are party c wtrdty surwrted by volurrteers indLJe: Assessmenl of thurch requirwnts from Quiwuenrmal lnsFectK￿ Reports and local Assessment of grdnl ap[Al￿tionS. Identification of Potenb.￿ doTh)rs ar￿ sUrp￿1erS forthe T￿￿1.. Planniro, oryanisation and accountsng for the sP￿sOr9d Bicyde RMI8', PlannirwJ and managem￿1 of other Trust fUrKIr¥i￿￿J events: Flnandal managgment and reporbng. Whik8 it is not realistic to quantify the contritmrtion of I￿e volunteers, either in tem)s of or the notional eost crf staff tyuivalents. thg Trust B alm08t vkndly depend￿1 on vdunteers for rts "actMtie8 for generating funds" and for a range of advice aTrJ Sur1￿ gNen to the Trn￿t. A¢hl•vom•nts and p•rformwKe In the year 2024-25, tho Trust (xjttinued lo cthr ￿ants to thur￿￿$ acmss the county 8rKI carried out minor repairs and routin8 maintww¢o at the Leased Chur¢hes as set out bdtr. These commltmènts wer8 made up ¢. 202JA5 Numb•r of clwrch Grants offer&J 182.713 Leased churcms 57,877 13 During thè year and induding unpaid grants offered in we¥￿u8 years, tho Tntsys grants supported total of 33 ￿r¢h85132 in 20W24) Tho ful b51 is gr¥en #i 9 and 10 10 th8 Finan(xal Statements. Since the work on a church repair may be SFKead ovar a number cl years. there is often a time lag bets¥8en the offer of a grant and its eventual pa￿ In 2024-25. the Trust nkide grant paymènts of £175,013 12024.. £154.324}. At the end of the year, the total of grants offered by thè Trusl but not yet di8burs8d was £296,711 12024: £289.4491. The General FurKI rep￿￿ts ￿ Tru$Ys M unrestriL#ed resour￿. aTrJ at 31 March 2025 5toTrJ at £126.155 In addition to ts grants to r*urthes. e&h ofth8 Loasad Churth8s is subjecl to Quinquennial Inspertlon and repairs aro undertakon as required. During the year. the Trust incurred QX￿drtUI8 of £57.887 on the Leased chU￿heS loffs&l to some extent by grants rewved of £4.779. s88 nDlo 101 and receNed income of £890 {202>24: £2.012}frryn collectkns at dwrch seTVKeS and dcnal#)ns from vi5ttors tothe churches. 10

The Norfolk Churches Trust Limlted Trustees, Report (continued) Flnan¢lal R•vl•w Pollcy lorru¢rveB Every year or rpo. th8 Trustaes o)nslder the thg terni natu￿ ofthe Twsys commitrn8nt to suptJt the care and main18n￿ee of d)urches In N¢yfolk. Thls commllment requires tNg Trust lo supkvt k)ng term repair a￿1 restoration p￿1•cs, over years or in some cases decajes. %thgre the exlent an¢J cosl of the work cannot in Many eases be assesse¢l reliably in advancè. The extenl of the Trust's sUp￿t be affecthl by th8 changing availability over time of other grants, inclLKling those from the NatK)nal Lottery Hèritage Furnl. In addith)n. the Trust leases thirt8en churches, with re¥￿n$1￿￿ty for their C2fe and maintenance. To protect the Trust from the risks rf thesè priiects an(J lo pr(Mde adequate support trj parists, the Tntstees b8liev& that th8 Trust sP)uld retain SUbs￿￿al reseNes agansl th8 0)ntingencies that may arw in many of these tyojects. The Truste8$ ab50 considerEd the CCVkV)Sition of Ihe Trust's income. Only a modest prO[xxb￿ of income can b& regarded as reliaÈ4y recurrent. whi￿ th8 Trusl has benefited consklerably from a varlety of other sources of irKome. circumstances may arise in the future wt¥ch wdl reslrid or exclude the Trust fnyn 8¢ce5S to such sources. The Trust has benefited aLw In)m the inve51ment ir￿orne eam&J on its roserves. which cover tho Ma1￿1ty of both the sUp￿rt t))sts f(w rfs Laritablo adivfoes and thg costs of govamar￿, thus Yreeing. the fvnthrai5irg arKI most of the other income fc￿ 0%￿￿￿rtUre on churthos. Therefcre thè TrL￿1 proposos to kegp rwJeprf￿. net ofgrants urpa•J al the ￿r end, at approximately th6ir current level in red temis. As al 31 March 2025 the nel assets ofthe Tru51 We￿ f2,133.265 12024: £2.180,7991, thg douoase in c¥xnpafbson %￿lh 2024 belrvj mairty attrrbuiabl8 10 the fall in share values as the markets conllnu￿l lo rèact lo global uneèrtainties.. The tnjsl's ￿n￿stricted reserve, hglpgd by £60,OCQ of lègacies rose by £41,503. Life membershipsirueased the investment ￿SerVe by £1.5￿ but the fdl in shared val￿5 of £96,472, reduced the portfdio including cash balances hdd with wr brokers. lo £1.767.446 12024 £1,868,428). A further £30.305 of legat?88 was transfeffed lo the leased thurches ￿nd The P￿￿Y on reserves is rewe¥￿d annualty by the Tn￿1 Flnanclal perforni￿ The Trusl aims to achieve over time a bakrt betsveen in￿ming and I￿tgOIng resources. befor8 galns or losses on investment assets. The Tr￿1 generdlly de5KJnales recwpls from legaues and life memLErships lo the investments fun(J. A b￿et is pwared Lkrfore the slart of eath financial year to estimate the incoming resources kn estJ"mated running costs 8T￿. thus. the resources avaIla￿e for grants and Oth￿ eX￿ndi1Ure on thurrhes. Th8 prrNJre&8 of Ir￿a￿ne and expenditure is reviewed 31 each Trust99 s MeelY¥J and the fvndiry availob19 for grants may be adjued The Srrtinsored Ride. rthy in ris 40th Jr. eLJntnues as the Trusvs krgest annual fvnd-rai5ing event. In 202415 the income 98nerated was marglnalty less than 23r241£129,58818t £126.$87. The Ride continues lo opwale on ts oThJinal principle. that each partwant nominates a curch or thapel which wll receive ha¥ of the n￿neY raised t(4ethw ¥￿th the relabj Glft ￿d. less 2.5% tovrdrds adrrmn costs {see Note 6}. The ro¥ull ts the year, befor8 in¥8strnent gains and kwes, was an overatl 8urphJs of £48.938 {202415 £136.553. which rda(èd thè impact of all thè f¥*ors mentK)ned above an¢J o)ntinuing major repair works on th8 le8sed thurch6s during tha year 89 88t in Th)tes &10. The full breakdown beh¥e8n tho V8rious fund5 is shown in tho Ststwnenl of Fbnanrial Acts¥itie& 11

The Norfolk Churches Trust Llmited Trustees, Report (continued) Al Investments hekl by th8 T￿￿1 have been acquired In acc(Ydm with thg t¥XWS aV￿lable to tha Truslges. Th8 financial slalements demonstrate that althe end olthe year assels werg availa1￿e to lulf all the Trusfs obligatins ￿udIng grant offers. with additvThl amI￿nts being inveslod to provkjg income for future aGtivitie& Sirte 2004. Barratt & Ccrf)ke has mawwj ts Tn￿1.8 wivestments a discretk)nary basis. The Trust has appled swial. ethical or environmental consideraiws or (xmstraints on the inVeStr￿n1 of its funds. The investrnents are managed on a k)w risk ba51& Th8 Wak￿S of the porttdio are sal out above and the strudure of the porMK) has ￿mair￿j Ihrgdy unthanged (see rKkn 11}. The estimated inLKrfn6 yield on the main por￿￿￿? at the year4nd has rerna￿j at approximatoty 2.9% vAth capital vahAs reminlng slabc but prevM)us dNKlend cuts ovor pgricd of the pandemlc having r yet been fully rgv8r8&J. The intW8sI ear￿d on bank deposit8 has in¢7eas8d 8ignTficonlty as world Interest rates havo incTgas&J this has offsat the 11n￿ct of static divhjond incorng. ststem•nt of TNste•4' R￿pOnSIbili11¢S The Trustees arg resiKMsiL48 for pr8pariTrJ the Trustees Replyt aThJ I￿ financaal statsmant8 in accxjrdance vnth appl¢a￿e law and Unite(J KIr￿d0M A¢tt)Un￿ng Starthrds (United Kingdom Goneraly A￿Pt￿l A￿￿n￿r￿j PraLce}. Company law requires the Trustees to Kvepare financ4al statements for each finan￿81 year, which give 8 true aThJ fair vkyrt of the stsle of affaits of the chariiatle company and of the incoming resources and application cl rE50urces, including the ineome and exwditure, of ihe charitable (￿npanY for that p8ricxJ. In p￿parr￿j thgse finanaal ststements. the Trustees are r8quir&# to: sekd suitable aco)untiry FdiL¥es and Ihw aFvty them consbtenly; observe the meth(xJs and prin￿FI0$ in th8 Charrtw SORP IFRS 1021., rnake judg8mgnts and estimates that are reasonatje and prud8nl" stste whether a￿lcabba UK Accounting Stsndards have boen fcrflowed. $ubJ'ed to ary materia departures disckjsed arvj ex￿ained in the financial statements", prfjpa￿ the finantsal slalements on the going (£rfKgm b￿$ unless rt i¥ Inapwopriate to presume that thg th￿table CoM￿Y wll COn￿nUe In operallon. The Truste8s arg res[￿ybbe for koepirKJ adequate acC￿￿til¥j rectyts that disdose wth rea$onabl8 accurocy at any time the finan(ial positrm of the charitat4e comp8ry and enat4e th8m to ensure that the finandal slalemenls comply tha Companies Aet 2006. They are alw rasporysible for safeguarding the a￿ts of the d)arilable cunpany ￿ henco for takmg reasonable stèps for the prevention and det8¢tiLm of fr8ud and other irr8guLqritiès. The TTUStees are responsltrAe lor the mairrtenm WKI integrity of the ruForate aNJ finandal infom181ion induded In tha charilable Lyjmpany's website. Legtslation n the United ￿r￿jd0rn goveming th8 preparation ￿ di$8ominatw of finan(ial infomwtion may diffw Irom log￿latIOn in oth Jurisdictions. The flnancial 3t8tem￿ts have been w8p¥ed In rylh the acc4Junllnu rxlides set out In rote8 to the accounts and ¢OrnFty wtth the tharitys goveming dowm8nL the Charitses Act 2011 and Companies Aot 2006 and Accounting aThJ Rerth'ng by Charities.. stateM￿t ol ReC￿nMended Practice 8PF4i¢8b to tharities woparing thr acojunts in 8co)rdanL* wth the Financaal RaF#Jlry Standard ￿1c8￿@ in tha UK aTrJ Rawblic of Ir81aThl IFRS1021 (offeckn 1 January 20191. 12

The Norfolk Churches Trust Llmlted Trustees, Report (continued) The trustees. report serveg the PU￿ of Lw)th o Intslees. (oport aTr3 0 dife¢tfn' fewtunder o)mpany law R•porting Aceowhtart Larkiro Gowen LLP is williro to ￿ntinue in ofTK as fepLYiing a(x))untant aThl a re$dut￿ to r8apFdnt them wll be proFrfxed al the annual gffieral meelirrfj. Smam company pmvlslons This report has ten prepared in 8rwd8nce WTth ￿ speci81 for small (x)mp8ni8s under Part 15 ofthe compan￿ Act 2(￿. Slgnod <)n t¢h81f of tha TrLtst06S Mrs Rosabdb Batt Dr John Mathjlson 3 July 2025 13

The Norfolk Churches Trust Limited

Independent Examiner's Report to the Trustees of the Norfolk Churches Trust Limited

Year ended 31 March 2025

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2025 which are set out on pages 15 to 22.

Responsibilities and basis of report

As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and our eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s Statement

Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. Accounting records were not kept in respect of the company as required under section 386 of the 2006 Act; or

2. The accounts do not accord to those records; or

3. The accounts do not comply with the accounting requirements of section396 of the 2006 Act other than any requirement that the accounts give a “true and fair view” which is not a matter considered as part of an independent examination; or

4. The accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in accordance with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Giles Kerkham FCA DChA Larking Gowen LLP Chartered Accountants, Norwich

18 November 2025

14

The Norldk Churchm Tru•t Um5t•d ststgm•nt of Flnanclal ktlvltlgs for th• yw •nthd 31 IA•rch 2025 Ivwp)raliYJ ￿ & Ew•rdiUJr• A¢x5￿1) R••lrfcts Totsl Fwbd FwndB T¢al Futt I￿e￿I￿￿ Churdx8Churdw 2024-5 20234 Dw8lknro bJacs 85.794 85.794 1.305 39,123 4.779 86.791 Logaues &Jb$rptyws Hwltay Lottery Furd & fvgranl8 LeaW thur£￿5 Othertrading 8¢tMtr 37.623 41.136 104,398 2.012 4.779 iZ2.1 68,124.2 7.924 68.7￿) 122.118 68,124 7,924 68,700 129.588 52.821 6.893 63,641 Tntst went& Inote 41 Sd• ofgcots Investments Inoie 51 T•thi In¢tyx• 451.173 35.CQ4 487,757 492,280 Exp•ndlturg on: Raising fvnds Inolg 61 17.874 101.981 17,374 101,981 16.020 92,478 Fundr8i8lThJ ChBrttibkry activi Grants offerBd (Thote 81 ExpBThtiture on kned clxYces 101 Swori oists InrAe 61 G￿eMan¢6 costs lTrJte 61 182.275 28.728 67,616 11,196 112.275 57,877 67.616 11,196 141.n6 32.298 62.869 10.336 29149 Totsl •xP•nd1￿y• 09.671 29,149 438.È2D 355.727 M•t Ine4xn• I1•X￿￿1¢Y￿) lJ•for• In¥•4￿ 011 41￿3 48.938 136.553 N•1 (kn••#l Igalns on Inv•#bMrt •u•ts .96.472 -96,472 60.361 N•t In¢tyMll•xp•h¢lb¥•l •rrtl N•t mov•m•rt Sn lundj frKth• >•w 41503 -94.972 5.935 47.534 196.914 Totsl hnd broughtforrd 84.652 L868.428 127,719 IlXI.(m 2.180.799 1.983,885 Totsi fvnd• eArri•d fotw•rd 126.155 L773A56 133,654 1Tr).CW 2,133265 2,180,799 and In ofll Twstoos ￿ orwntafjon (rf a sop0rnr& and exwditiX8 sar¥8 no pwp)Be. Th8 Income 8TrJ 6xp8TrJkna kn Ihe ye8r rolala erthtry to th8 Tr￿￿5 (￿trn￿n9 a(ivits5. Th8r& wer8 no rwiis*J gains ar the nel 01£47.534 n the 8TrJ8d 31 March 2tr25 12024 n6t gain.. £196.9140. WI. Th8 NAe8fm p•Je$ 17kn 22 fonn part oflh888 ffflandd ststsrnents. 1S

The Norfolk church￿ Trust Limll¢d Balanc• Sh••t as at 31 M•rch 2025 2025 Investsrvts (note 111 1583,372 1,680.113 Debtors Inot 121 Inye8bnwts. UK Tr•a8wy Stocs (nots 131 Cash at bar and kn h￿d lTrJt8 14) 31.481 184.074 69S.495 22.876 184.993 621.6 911,0 Crndtorn: •rnount• f•lling du• ￿1n on• 9rts from Garwal 91 296.711 64.446 289.449 39,423 1.157 328.872 N•1 ¢urront 549,893 S(fj.686 N•t ••••ts 2.133,265 2.180.799 Th• fuThl• af th• charlty Incts 161 Unr••trlthd.. Gen8¥81 fuTrY De84nd lurth: 126,155 84,652 1.773.456 133,654 1.868,428 127,719 jcfj.c￿o Tot•1 ¢hwlty fund• 2.133,265 2.180,799 Forthe year endod 31 M?￿h 2025 the cornpany was enthled to exemption fLYn aU￿rt under sertion 477 ofihe Companies Art 21Th as applicab￿ to small compan5. Thè members havt not requbred the comparry to obtain an audlt of its a￿Unts forthe year in que5tlon In accordanc¢ wth 5ertlon 476. The dlrectors acknowledse their responsibllitits ftji COmp￿n6 with the requlrements of the Art with respett to ccounllng r¢cord5 and ihe preparntlon ofaccounts. These attounts have b¢en prepared In wrdance wlth the rovisior￿ ap￿1¢a￿e to conp•nies subierttothe small tompanies rt4Mne. Th8Be ffinand 8tatem•rt8 w• aF¢Xtr4wI ty th• Trust888 on 3 July 2025 a￿1 ore s&JwJ b¢hoV by. Rc48tdk Batt Chrm8n l•n L￿d819 Trusteo Tr• Th)tss 17 b) 22 frrfm partoftwe fina￿4 61aternw

Not•• to th• flmndal •tal•m Th•TnJstp&4 Er*fftl1ffAW4lu•￿• chrttyln EWdindW4 (whitb￿￿ Drl¥sfmm 17

Norfolk Chur¢hos Tru•t Umlt•d Nol•¥ lo th• Iln•ncl•l •¢•l•m•nt• Icontlnu•dl Toial 4,430 24,465 5,975 16,2C(I 48 byth8 Chw 180 23.150 Hc4kham Opw• Wdtsm 7fjfj kg IM25 105 851 124 52.821 2124T 11fv11 19,182 6,152 .307 841 £71￿1(2024.. £70.387) rdt69A87 w¥tyc<•tsd£7 Gm tw• b8 tythp TnL £S&WO 12024." ￿7.770}. sup[¥￿ of v0￿￿13ry Fw¥Jrntskn8 charitsb GDMvnarKe Incty￿e a¢Y Totsl IS.024 41gZS 6.110 71.541 70.387 470 L691 5.71B 1.691 2.859 68.011 1.691 1,429 4074 mdItr¥U￿ aTrJ rr Swsor•d Rxl• 18y2 •1.011 7Q272 2￿98 2.596 1.860 1a1.702 3,852 101.981 17.874 67.616 I98￿? 18

7J EWJiMvp 75 w•u1￿.5[￿*

Th• Norfolk Cthur¢l•¥ TnNt Lknlt•d Mot•• to th•finn¢141Alal•mwts1¢4>nOnu•dl 13,n4 1324. I2￿.T£ll 1.241210 2.171 1245.￿1 1xJn urnt Tru 1% 10.7V4 79 13 17F1 IJA 1149.757 (*24£435746k 1Z 7W5

).e71

The Norfolk Churches Trust Umlted Notes ta the financial statements (continued) DurfwJ th• eJJrnnt ass￿ inV•sbm￿ ww8 W kn UK Govgn¥rnt Treaswy Slocks and COrr￿th 8{￿d$ IA•rknt v•lu• Cost At th• ￿l￿nn1r￿j tsfth8year. Treasury Ith￿[1￿￿ st(y(￿ CUkKKate t￿ts Addition# at cost 183,673 58.678 150.T791 176.245 58.876 150,0501 Oisp08al prcwd8 Nèt Ibssosygains At th• •nd oftho y•ar Tr•aFJJry Irklèx4wred SIOr￿ tryrate tb)nds At tho end of tho year. Cash 183,043 1,031 184.074 184.871 1.031 185.9)2 Mark•1 valu• Fix•a Interest stocks Corwrate bonds fuN Cash 89.1% 103% 0.6% 161,896 22.977 1.031 185,904 1031 184.074 14 Cash at bank and on ¢•ll d•po8it 2023 2024 Centrd Board of Flngnce of Ihe chu￿ of Engknd fcBry. C8F Doposil Fund Barcknys Bank pk 340.5•1 J54,904 805,495 337,527 284.162 621.689 15 and d•l•ff•d ineom• 2025 2024 Ogferred knc4Jm8 brwght lrywwd Re￿$8￿ in tho ￿er Dglorrnd kn the ye Deterred kncorne fr>￿￿r[j Accrua 39.423 139A2JI 27,860 27.880 22.975 122,9751 23,965 23.965 15,458 39,423 Deferyed Income represents mcfflies rocfv•J in alfvar￿ for everts vthith had not taken Flaeè bylho year end. 21

Tho Norfolk Churehos Trust Umfted Not•s to th• finonclal statsments (contlnued) Fund ts•1￿£￿ at 31 Il•rrh 2025 ty. Flx•d Unrnstrlct•d fundb: Genernl 487J12 361.157 12•.155 Dulgn•tad fvnth: 1.$83Jn 190. 133.6Y 110.IJOO 911.OSO 1,TT3AS6 133.654 100,000 2.133.265 R•trtct•d Fund Tot•1 Fund 8knn￿• 1.583J72 361.157 In 2024 £100,(rf)O w rei%tr+ed kn go vAxks atwest 15 W 89 a r85trbed Furn1 bakn(￿ at31 2024 ¥48r8 ty. UDrn•irf¢t•d fvndl: GM¢r81 413.524 328.8n O••lgn•t•d fvnd¥: Inv•sbm8nts 1.6W,113 188,315 127,719 11Jl.COJ I￿68.428 127,719 100,OC(I 2,180.79a Totsl Fund 1.880.113 328.872 17 Th& TA￿lI8 bEn￿yofan tsthle. ¥xJd08 a prrp¥tyAth a ryobat Va￿8￿ CA £110,CW. lh￿ 1$ to a1rf8b.me tenwlnlarest. rK) an￿1 has t broLwJht ￿ lo lh• Tha IhO1 the prop•ty Is in r8Hswt4 Fln•n¢lal Instrwn 2024 FN8d assot Investmwty lTh)te 11) C4mni asBei 131 1.5B3,Jn IM074 1.767.416 i.e80,113 184.933 1,865.046 cont1￿¢￿¢ assets As at th8 year oThI. thè charTty had n￿thad of a fvsiduary bycy the final ¥Blu8 01 tho estate w¥s uncortain becau80 th• 8￿r$ are w¥itiryJ for rjgarance from HMRC. Thor•loro r arnounl has been 8CCtued in ¥epecl ofthe outstandiry kgacy 4thic* is esbmated io be kn th8 Tegic of£4.700.