Charity number: 801461
JOHN RISEBROW'S CHARITY
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

JOHN RISEBROWS CHARITY
CONTENTS
Page
Reference and Admlnlstrative Details of the Charity, its Trustees and Advisers
Trustees. Report
Independent Examlnerfs Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
9-18

JOHN RISEBROW'S CHARITY
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 30 APRIL 2024
Trustees
The Revd. Canon E Carter, Ex-officio
Mr D Corbett
Mr G Loades CBE
Mr T J L Wilson, Chair
Dr C Waddams
Charlty registered
number
801461
Principal office
The Atrium
st George's Street
Norwich
Norfolk
NR31 1AB
Accountants
MA Partners LLP
Chartered Accountants
7 The Close
Norwich
Norfolk
NR14DJ
Bankers
Barclays Bank PIC
5-7 Red Lion Street
NO￿lCh
Norfolk
NR13DW
CAF Bank Limited
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ
Investment advisor
Barratt & Cooke Limited
5 Opie Street
Norwich
Norfolk
NR13DW
Page 1

JOHN RISEBROW'S CHARITY
TRUSTEES. REPORT
FOR THE YEAR ENDED 30 APRIL 2024
The Trustees present their annual report together with the financial statements of the Charity for the year 1 May
2023 to 30 April 2024.
Objectives and activltles
a. Policies and objectlves
The Charity's objective is the promotion of education in the Ecclesiastical Parish of St Peter Mancroft, Norwich,
the City of Norwich, and the Ecclesiastical Parishes of Costessey, Earlham, Hellesdon, Catton, Sprowston,
Thorpe St Andrew and Trowse with Newton and Cringleford. If. and in so far as income in any year is not
required for application in the manner aforesaid, the Trustees may apply the same in making grants for the
purpose of helping and educating young persons of the following classes and in the following order of propriety
so to develop their physical, mental and spiritual capacities that they may grow to maturity both as individuals
and as members of society and that their conditions of life may be improved..
Young persons who or whose parents are either resident in the Ecclesiastical Parish of St Peter
Mancroft, Norwich, or on the electoral roll of the Parish Church of that parish,.
b)
Young persons who or whose parents are either resident elsewhere in the area of benefft or on the
electoral roll of a Parish Church in one of the other ecclesiastical parishes in the area of benefit.
The Trustees shall have regard to the promotion of education in accordance with the principles and doctrines of
the Church of England.
b. Main activities undertaken to further the Charity's purposes for the public benefit
The Trustees confirm that they have paid due regard to the Charity Commission's guidance on public benefft. In
promoting education and helping and educating young people as above. the Trustees consider that the Charity's
funds are applied for the public benefit, as all young people in the area could potentially benefit.
Achievements and performance
. Main achievements of the Charity
Grants committed amounted to £123,286 (2023." £123,400).
While the majority of grant funding is made to related parties (St Peter Mancroft PCC and Mancroft Advice
Project), the Trustees are keen to emphasise that applications are also invited from other bodies seeing funding
for activities that comply with the charity's objectives. Such applications can be made by writing to our office
address on page 1.
Refer to note 5 to the financial statements for details of grant recipients,
Page 2

JOHN RISEBROWS CHARITY
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
Financlal revSew
a. Financlal summary
The Charity received investment income of £127,374 {2023.. £113, 778) and incurred expenditure of £129,132
(2023.. £128,243). With gains on investments of £4,823 {2023.. £5, 040 losses), the net general fund surplus for
the year amounted to £3,065 (2023.. £19,505 deficit). Having accounted for the movement in the value of
investments, there was a net increase in total (endowed together with unrestricted) funds of £185,592
{2023.. £302, 918 decrease).
The endowment fund increased by £182.527 (2023.. £283,413 decrease).
b. Principal funding
The Charitys income is wholly from investments, and mainly consists of dividends from the Charitys portfolio of
listed investments and interest receivable.
c. Material investments policy
There are no restrictions on the Charitys power to invest. The investment policy is set by the Trustees after
taking advice from the Charty's investment advisors who attend each trustees, meeting. The Twstees consider
the income requirements, the risk profile and the investment advisorfs view of the market prospects in the
medium tem.
d. Reserves policy
It is the policy of the Charity to maintain free reserves at a level equal to one yearfs expenditure on grants, which
amounts to approximately £100,000, to provide sufficient funds to respond to emergency applications for grants
which may arise from time to time. The free reserves in the general fund at 30 April 2024 amounted to £251,702
{2023.- £248,63n. The Trustees re¢ognise that the level of reserves is higher that that targeted and continue to
encourage applicants to apply for grant funding in line with the Charity's objects, such that reserves may reduce
towards the targeted level.
The endowment fund represents the original capital of the Charty which has been invested to maintain sufficient
incoming resources to cover charitable expenditure. It is non-expendable.
e. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate
resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt
the going concern basis in preparing the financial ststements.
f. Plans for future perlods
The Charity's future activities will continue to be on a similar basis, with the aim to maintain a balanced budget
on the general fund. Trustees are exploring ways to widen the reach of the Charty's benefrt, while adhering to its
objects.
Page 3

JOHN RISEBROWS CHARITY
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
Structure. governance and management
a. Goveming document
John Risebrow's Charity is a registered charity, number 801461. and was approved as a Charity Commission
scheme on 23 April 1981 and is govemed by the scheme rules as amended on 11 November 1994 and 1 July
2013. The charity was created under the will of Alderman John Risebrow.
b. Methods of appointment or election of Trustees
In looking for new Trustees of the Board of TNstees, Trustees will bear in mind the experience and qualtfication
of possible Candidates. The successful candidates are elected by a meeting of the existing Trustees.
c. Policies adopted for the induction and training of Trustees
New Trustees are provided with copies of:
The scheme rules., and
The latest accounts of the Charity.
There are also encouraged to read Charity Commission guidance notes CC3 -°The Essential Trustee: what you
need to know, what you need to do..
In addition, Trustees are encouraged to read Charity Commission and other newsletters and to attend courses
designed to keep them abreast of their duties and responsibilities.
d. Risk management
The Trustees have assessed the major risks to which the Charty is exposed, in particular those related to the
operations and finan￿$ of the Charty, and are satisfied that systems and procedures are in place to mitigate
exposure to the major risks. The principal risks identified are..
Investment management and custody: Appropriate professional advice is taken with regard to the
management of investment assets in order to appropriately balance risk and return to ensure future and current
beneficiaries are equally considered. All investments are under the management of a regulated stockbroker
{Barratt & Cooke) from whom regular updates are received concerning the performance thereof.
Appropriate application of income.. In making grants the Trustees ensure that the Charity's objects are met
and that, where appropriate, restrictions are stipulated with regard to how funds should be expended by the
recipient.
e. Organisational structure and declslon4naking policies
The scheme requires that the board of Trustees should, when complete, consist of five Trustees, being an ex-
officio Truslee, who shall be the Vicar for the time being of the Ecclesiastical Parish of St Peter Mancroft,
Norwich. and two Nominative and two Co-optative Trustees.
The Trustees shall hold at least Iwo ordinary meetings in each year. Every matter shall be determined by the
majority of votes of the trustees present and voting on the question. In case of equality of votes the Chaimian of
the meeting shall have a casting vote whether he has or has not voted previously on the same question but no
Trustee in any other circumstances shall give more than one vote.
Page 4

JOHN RISEBROWS CHARITY
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
Structurei governance and management (continued}
f. Related party relationships
Under the scheme rules governing the Charity. one of the Trustees known as an ex-officio Trustee must be the
vicar of the Ecclesiastical Parish of St Peter Mancroft, Notwich. The two nominative Trustees are nominated by
St Peter Mancroft PCC.
Under the objectives of the Charity, some of the funds arising will be applied to benefit young people in the
Parish of St Peter Mancroft. No benefit is derived by the ex-officio Trustee under these directives.
No one Twstee has the control to detemiine how the funds of the charity. of which the Reverend Canon E Carter
is a Trustee. The Charity also makes grants to St Peter Mancroft PCC. of which G Loades, Dr Catherine
Waddams, and the Reverend Canon E Carter are members.
Approved by order of the members of the board of Trustees and signed on their behalf by:
Mr T J L Wilson
Date:
o Z4-
Page 5

JOHN RISEBROW'S CHARITY
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 30 APRIL 2024
Independent Examiner's Report to the Trustees of John Rlsebrow's Charfty {'the Charity,)
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 30 April
2024.
Responsibilities and Basis of Report
As the Trustees of the Charity you are responsible for the preparation of the acwunts in accordance with the
requirements of the Charities Act 2011 (Ihe 2011 Act,).
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and
in ¢arying out my examination I have followed the applicable Directions given by the Charity Commission under
section 145(5){b) of the 2011 Act.
Independent Examiner's Statement
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and
Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in
accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of I￿land (FRS 102) in
preference to the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April
2005 which is referred to in the exiant regulations but has been withdrawn.
l understand that this has been done in order for the accounts to provide a true and fair view in accordance with
the Generally Accepted A¢¢ounting Pradice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confim that no matters have come to my attention in ￿nneCtIOn with the
examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the Charty as required by section 130 of the 2011 Act,. or
the accounts do not accord with those records., or
the accounts do not comply with the applicable ￿quirementS concerning the form and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a 'true and faiff view which is not a matter considered as part of an independent
examination.
I have no concerns and have come across no other matters in connection 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.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charitys
Trustees those matters l am required to state to them in an Independent Examinels Report and for no other
purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the
Charity and the Charity's Trustees as a body, for my work or for this report.
Signed..
Dated:
1911212024
Mr Frank Shippam Bsc FCA DChA
Page 8

JOHN RISEBROWS CHARITY
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 APRIL 2024
Endowment Unrestrlcted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Note
Income and endowments from:
Investments
127,374
127,374
113, 778
Total Income and endowments
127.374
127.374
113, 778
Expenditure on:
Raising funds
Charitable activities
1,098
128,034
1,098
128,034
744
127.499
Total expenditure
129.132
129,132
128,243
Net expenditure before net
gainsl{losses} on investments
Net gainsl(losses) on investments
{1,758)
4,823
(1,758)
187,350
(14,465)
(288, 453)
182,527
Net movement In funds
182,527
3,065
185,592
(302,918)
Reconciliation of funds:
Total funds brought forward
Net movement in funds
4.157,034
182.527
248,637
3.065
4.405.671
185.592
4. 708, 589
(302,918)
Total funds carried forward
4,339,561
251,702
4,591,263
4,405,671
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 9 to 18 form part of these financial statements.
Page 7

JOHN RISEBROW'S CHARITY
BALANCE SHEET
AS AT 30 APRIL 2024
2024
2023
Note
Fixed assets
Investments
4,428,123
4,241,871
4,428.123
4,241,871
Current assets
Debtors
Cash at bank and in hand
10
404
167,014
370
167,529
167.418
167.899
Creditors: amounts falling due within one
year
11
(4.278)
(4,099)
Net current assets
163,140
163, 800
Totsl assets less current liabilities
4,591,263
4,405. 671
Total net assets
4,591,263
4,405.671
Charity funds
Endowment funds
Unrestricted funds
13
13
4,339,561
251.702
4, 157,034
248,637
Total funds
4,591,263
4,405,671
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
ff (oaLS
qr G Loades CBE
PirTJ Lwilson
Date..
L￿z￿LF
The notes on pages 9 to 18 form part of these financial statements.
Page 8

JOHN RISEBROWS CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
General infonnation
The Charity is a registered charity in England and Wales and is unincorporated.
The address of the principal office is The Atrium, St George's Street, Nomich. Norfolk, NR3 1AB.
Accounting policles
2.1 Basis of preparation of financial Statements
The financial statements have been prepared in accordance with the Charities SORP {FRS 102)
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102) (effedive 1 January 2019), the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair, view and have departed from
the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a Irue
and fairf view. This departure has involved following the Charities SORP (FRS 102) published in
October 2019 rather than the Accounting and Reporting by Charities.. Statement of Recommended
Practice effective from 1 April 2005 which has since been withdrawn.
John Risebrow's Charity meets the definition of a public benefit entity under FRS 102. Assets and
liabilities are initially recognised at historical cost or transaction value unless otheThvise stated in the
relevant accounting policy.
2.2 Goin9 concern
There are no material uncertainties about the charitys abilty to continue. It continues to hold
substantial level of investments and has SLrficient cash in hand to meet day-tfHlay expenses for the
foreseeable future.
2.3 Income
All income is recognised once the Charity has entrtlement to the income, it is probable that the
income will be received and the amount of income receivable Can be measured reliably.
Income tax recoverable in relation to investment income is recognised at the time the investment
income is receivable.
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
to a third party, it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably.
Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its
charitable purposes and includes the investment managerfs fees.
Expenditure on charitable activities is incurred on diredly undertaking the activities which further the
Charity's objectives, as well as any associated support costs.
Page 9

JOHN RISEBROW'S CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
Accounting pollcies (continued)
2.4 Expendlture Icontinued
Grants payable are charged in the year when the offer is made except in those cases where the offer
is conditional, such grants being recognised as expendtture when the conditions attaching are
fulfilled. Grants offered subject to condrtions which have not been met at the year end are noted as a
commitment, but not accrued as expendrture.
All expenditure is inclusive of I￿eCoVerable VAT.
2.5 Interest receivable
Interest on funds held on depos5t is in¢luded when receivable and the amount can be measured
reliably by the Charity., this is nomially upon notification of the interest paid or payable by the
institution with whom the funds are deposlted.
2.6 Investments
Fixed asset investments are a fonn of financial instrument and are initially recognised at their
transaction cost and subsequentty measured at fair value at the Balance Sheet date. unless the value
cannot be measured reliably in which case it is measured at Cost less impairment. Investment gains
and losses, whether realised or unrealised. are combined and presented as 'Gainsl(Losses) on
investments, in the Statement of Financial Activities.
2.7 Debtors
Other debtors are recognised at the settlement amount.
2.8 Cash at bank and in hand
Cash at bank and in hand includes cash and short-tetm highly liquid investments with a short maturity
of three months or less from the date of acquisition or opening of the deposit or similar account.
2.9 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past
event, it is probable that a transfer of economic benefrt will be required in settlement, and the amount
of the settlement Can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt.
2.10 Financial instruments
Current assets and liabililies are initially recognised at transaction value and subsequently measured
at their settlement value.
Page 10

JOHN RISEBROW'S CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
Accountlng policies (continued)
2.11 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Charrty and which have not been designated for other
purposes.
The endowment fund represents those assets which must be held permanently by the Charity,
principally investments. Income arising on the endowment fund can be used in accordance with the
objects of the Charity and is included as unrestricted income. Capital gains or losses arising on
investments are apportioned in line with the ratio detailed in note 9.
Investment income
Unrestricted
funds
2024
Totsl
funds
2024
Total
funds
2023
Dividend income
Bank interest
121,669
5,705
121,669
5,705
111,183
2,595
127,374
127,374
113,778
Investment management costs
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Investment management fees
1,098
1,098
744
Page11

JOHN RISEBROW'S CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
Analysis of grants
Grants to
Grants to
Institutions Indlviduals
2024
2024
Total
funds
2024
Total
funds
2023
Grants funding of activities {2023 included
£500 to individuals)
123,286
123,286
123,400
The Charity has made the following material grants to institutions during the year.
2024
2023
Name of institution
st Peter Mancroft PCC - Youth and Music and Vicars List
Mancroft Advice Project
The Smallpeice Trust
Magdalene Group
Musical Keys
ENYP (Equipping Nurturing Young People)
Connects & Co
57,000
57,000
57,000
57,000
3,900
5,000
3.286
3,000
3,000
123,286
122,900
Analysis of expenditure by activities
Grant
funding of
activlties
2024
Support
costs
2024
Total
funds
2024
Total
funds
2023
Promotion of education
123,286
4,748
128,034
127,499
Total 2023
123,400
4,099
127,499
Page 12

JOHN RISEBROWS CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
Analysls of expenditure by activlties (continued)
Analysis of support costs
Total
funds
2024
Total
funds
2023
Clerk's fees
Independent examinerfs remuneration
Bank charges
2.627
2,076
2,125
1,974
4,748
4,099
Independent examinerfs remuneration
2024
2023
Fees payable to the Charivs independent examiner for the independent
examination of the Charivs annual accounts
2,076
1,974
Trustees. remuneration and expenses
During the year. no Trustees retsived any remuneration or other benefits (2023 - £NIL).
During the year ended 30 April 2024, no Trustee expenses have been incurred (2023 - £NIL).
Page 13

JOHN RISEBROW'S CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
Fixed asset Investments
Cash or
Listed
cash
investments equivalents
Total
Cost or valuation
At 1 May 2023
Additions
Disposals
Revaluations
4.042.262
724,270
(591,469)
168,816
199,609
4.241,871
610,003
1.334,273
1725.368) (1,316,837)
168,816
At 30 April 2024
4,343,879
84,244
4.428,123
Net book value
At 30 April 2024
4,343,879
84,244
4,428.123
At 30 Apnl 2023
4,042,262
199, 609
4,241,871
All investments shown above are held at valuation. In the year ended 30 April 2018 the endowment fund
portfolio and unrestricted fund portfolio were consolidated to rationalise their administration and reduce
the total level of Charges payable. At the date of consolidation 980fi of the funds related to the endowment
fund. In allocating investment values and returns this percentage continues to be applied.
Financial assets held at fair value
The fair value of listed securities is determined by reference to the quoted price for these assets in an
active market at the balance sheet date.
No one investment exceeded 50/0 of the total listed investment portfolio as at 30 April 2024 or 2023.
10. Debtors
2024
2023
Due wlthln one year
Other debtors
Prepayments and accrued income
187
217
370
404
370
Page 14

JOHN RISEBROWS CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
11. Creditors: Amounts falling due within one year
2024
2023
Accruals and deferred income
4,278
4,099
12. Financial instruments
2024
2023
Financial assets
Financial assets measured at fair value
4.595.137
4,409,400
Financial assets measured at fair value include investments and cash and cash equivalents.
Page 15

JOHN RISEBROWS CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
13. Statement of funds
ststement of funds - current year
Balance at
30 April
2024
Balance at 1
May 2023
Gainsl
(Losses)
Income Expenditure
Unrestricted funds
General Funds- all funds
248,637
127,374
{129,132)
4,823
251,702
Endowment funds
Endowment Funds - all fund5
4.157,034
182.527
4,339,561
Total of funds
4,405,671
127,374
(129,132)
187,350
4,591.263
ststement of funds - prior year
Balance at
1 May 2022
Gains/
Balan￿ at
(Losses) 30 Apnl 2023
Income Expenditure
Unrestricted funds
General Funds
268, 142
113,778
(128,243)
(5,040)
248,637
Endowment funds
Endowment Fund
4,440,447
(283,413) 4, 157, 034
Total of funds
4, 708,589
113, 778
(128, 243) (288,453) 4,405,671
Page 16

JOHN RISEBROWS CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
14. Analysis of net assets between funds
Analysis of net assets between funds - current perfod
Endowment Unrestrlcted
funds
funds
2024
2024
Total
funds
2024
Fixed asset investments
Current assets
Creditors due within one year
4,339,561
88.562
167,418
(4,278)
4.428,123
167,418
(4,278
Total
4.339,561
251,702
4,591,263
Analysis of net assets between funds - prior period
Endowment Unrestncted
fijnds
funds
2023
2023
Total
funds
2023
Fixed asset investments
Current assets
Creditors due within one year
4, 157.034
84.837
167,899
(4,099)
4,241,871
167,899
(4,099)
Totsl
4, 157, 034
248,637
4,405,671
Page 17

JOHN RISEBROWS CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
1 S. Related party transactions
Under the rules of the scheme governing the charity, one of the Trustees known as an ex-officio Trustee
must be the Vicar of the Ecclesiastical Parish of St Peter Mancroft, NO￿lCh (Revd. Cannon E Carter).
Also under the rules of the scheme, the nominative trustees (G Loades and Dr C Waddams) are
nominated by the PCC of St Peter Mancroft, NoNiich. Revd. Cannon E Carter, Dr C Waddams and G
Loades are trustees of the PCC of St Peter Mancroft, Norwich.
Under the objectives of the charity, some of the funds arising will be applied to benefit young people in
the Parish of St Peter Mancroft. No benefit is derived by the exwofficio or nominative trustees under these
directives.
The charity made grants of £57,000 {2023." £57,000) to St Peter Mancroft PCC. The grants to St Peter
Mancroft PCC are then distributed at their discretion. in part to choral scholars.
During the year, the charity made grants to Mancrofl Advice Project. a registered Charity, of which the
Revd. Cannon E Carter is a trustee, of £57,000 (2023.. £57, 000>.
No one Trustee has the control to determine how the funds of the charity are to be applied. This is
govemed by the charitls rules.
Page 18