Charity registration number: 1129251
FAKENHAM PAROCHIAL CHURCH COUNCIL ANNUAL REPORT & FINANCIAL STATEMENTS
31 DECEMBER 2022
PAROCHIAL CHURCH COUNCIL OF ST PETER AND ST PAUL, FAKENHAM
CONTENTS
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| Page | |
|---|---|
| Trustees’ Annual Report | 1 – 3 |
| Receipts and Payments Account | 4 |
| Statement of Assets and Liabilities | 5 |
| Notes to the Financial Statements | 6 –9 |
| Independent Examiner’s Report | 10 |
PAROCHIAL CHURCH COUNCIL OF ST PETER AND ST PAUL, FAKENHAM
TRUSTEES’ ANNUAL REPORT
_________ _ __
Administrative Information
St Peter and St Paul’s Church is situated in the centre of the Market Town of Fakenham. It is part of the Diocese of Norwich within the Church of England. The correspondence address is The Rectory Office, 21 Gladstone Road, Fakenham NR21 9BZ.
The Parochial Church Council (PCC) is a Charity registered with the Charity Commission. Number 1129251.
Incumbent: The Revd Tracy Jessop (from 27 Sept 2022) Readers: Mrs Elaine Burbidge Mrs Amanda Sands Mrs Linda Frost Wardens: Mr Roger Burbidge Mr Keith Osborn (resigned April 2022) Mrs Alison Harding (took up from April 2022) Representatives of the Deanery Synod : Mrs Alison Harding Mrs Audrey Sharp Mrs Judith Smyth (resigned June 2022) Finance team: Mr Keith Osborn (leave of absence April - Oct 2022 incl.) Mr Roger Burbidge Ms Lily Bothamley Mrs Marjie Tan (resigned April 2022) Mr Richard Lynam
PCC Members (and Charity Trustees) 2022
Mrs Alison Harding Mr Roger Burbidge Mr Richard Lynam Mr Keith Osborn (resigned April 2022) Mrs Judith Smyth (resigned June 2022) Mrs Elaine Burbidge Mrs Moira Morley Mr John Mullins Mr Liam Warnes Mrs Audrey Sharp Mr Andrew Tan (resigned April 2022) Mrs Ann Rae-Sims Ms Pamela Underwood (appointed April 2022) Ms Lily Bothamley (appointed April 2022) Mrs Alison Steward (ex-offcio PCC secretary)
1
PAROCHIAL CHURCH COUNCIL OF ST PETER AND ST PAUL, FAKENHAM
TRUSTEES’ ANNUAL REPORT - CONTINUED
______ __
Structure, governance and management
The method of appointment of PCC members is set out in the Church Representation Rules. All Church attendees are encouraged to register on the Church Electoral Roll and stand for election to the PCC.
Objectives and activities
St Peter and St Paul’s PCC has the responsibility of co-operating with the Rural Dean, Revd Clive Wylie in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for St Peter and St Paul’s Church, Oak Street, Fakenham.
Achievements and performance and review of the year
2022 started with the Parish five months into a vacancy. We continued to work with the Rural Dean, Fr. Clive Wylie during the year. The main aim of the PCC was to keep the church functioning, let people know what was happening, and maintain a presence in the town.
Sunday Worship continued with a regular 10am Holy Communion service; a non-Eucharistic 10am service on every second Sunday after an 8am said Holy Communion and Choral Evensong at 6.30pm. We were very grateful for the continued support of the retired clergy who took our communion services. Congregation numbers were slow to recover post Covid. Other regular services continued plus special services relating to the late Queen were offered as Civic Services. Church remained open daily for private prayer and for visitors.
The PCC met for regular meetings every six weeks. Many extra meetings were held to discuss the Entrance Project, often with the architect. A second significant project was our communication with the Charity Commissioners for permission to slightly change the wording of a legacy left to the church by the late Douglas Flegg. This was successful. A small sub-group of the PCC was established to provide oversight in the vacancy of key parish business, take suggestions to PCC for full discussion and approval, and co-ordinate the recruitment for the post of Rector with the Diocese.
Finance: the full picture is shown in the accounts. We were able to return to paying our Parish Share in full, and although ending the year with a deficit, our financial position has improved. This is due to fundraising activities and peoples’ generosity and support, in both time and financial giving.
The main work on the Fabric of the building was the completion of work identified in the 2019 Quinquennial Report, but not attended to due to the Covid pandemic. The Fabric team met regularly and has been able to progress several jobs using in-house skills. Two major fabric issues were progressed: the preparation and submission to the DAC for a new entrance, making access easier for disabled people and more welcoming for everyone; and permission to provide the church clock with an automatic winding mechanism.
The Education and Worship team oversaw our service pattern. A Lent course on the psalms was held. Stepping Stones for parents and young children continued to meet weekly on Monday mornings, with numbers recovering slowly post Covid.
Social and Fundraising events, including our regular Thursday morning service followed by refreshments and stalls, continued throughout the year helping church finances and outreach to the town. Other events included Book and Jigsaw Fairs, a May Fayre, and an outing to Beth Chattow Gardens.
The process of appointing a new Rector was concluded after interviews in the church and at Trinity College, Cambridge. The Reverend Tracy Jessop was appointed in February and a Service of Installation and Induction took place on 27 Sept 2022.
2
PAROCHIAL CHURCH COUNCIL OF ST PEfER AND sr PAUL FAKENHAM TRUSTEES, ANIIUAL REporir. coKriNUED Achloveml p•rf0Mian r•¥l•w of th• sr {contlnu•dl W8 would like to thank all who ped and supported in way to keep FPC th9 144nL¥th vacancy. Wa w8re rv&ly to wokomè SUPF<Jrt Rv4d Trw in hw rd8 as Rerkn d Fak•)ham. Rogw & All¥ Hardtsj (Chu15) I was ddlghted to té led to Fakertrbam and K)UlJ knke lo thank f(Y ts wbnn wdcome Dee and I receiv&Y. l arri to & thurth tt is in 9xd hewt, &id many ottrws. tyng to ty¢eM ts path 8 FOSt. pandemlc wb. Thg churc is In h88rt d the communty, aNI l am k88n lo see all that haFggns. l gjwll be 1Sstanlng, ob89rvvvJ and noll¢ir¥J. alongjida erwjrty be rthpo aTrJ aL¥Ib to the Po of God. l am very approdatfvo d tha 8UPPJrt fron tho Ihè PCC ond oNyegatkn a8 8 wh¢40 Sn thè flrst rnontts ofmy irKumbry hern. kth¥J fr¥wd lo thai G1 ¢#llB lo th) logethw. Tre R8v&rW TrncyJ•sEop fRKlor) Publlc b•n•fft Wh8n plannlng c41r 8ctlvttkn for Iho ywr. tho h• r•wrd b) thè CON118,# glad8n Fln•nrJal R•v1Th7 Tot r¢¢elp18 on unr•stttied fvnd8 £94.854 {2021 £89.4481 and wo d8ts18d kn thè lkn•A¢lg1 $tst•ment8. Re$irfBted recelpt8 w¥ £40.79) {2021 £1,7221 to thè 01 £40.( ol CCLA Investrnent fund unlls. In 2tr22 £149.63512W21 £&8,01SI spent to Pro Ih cl#ln mknlsty fr(Th St Patw and St Pwl'8 Chwth. Induding the c¥•ntritrth"C to parish Share. which largdy sxovl0$ StiFj$ aThJ howing for th• d•rgy ond • eontrfbutkjn to tho costs ot DIoco60 SUPFKJrt t&Am. Th• that church8s In the dgwry hgv• to find Is a rknj sum relBting to th8 r8al ¢08t of a ptht dfvthd tt•n chu08 in th• t•nth. R•8•r4•8 Polky Th? unre8trhaed cash fuTh18 at t yPerd wero £20,81712021 £33.7231. The unrestrlct•d cath fLmds •r• maintstr)ed at a le1 wJffk4ent to smedh fludulcm In cash IItyw 8ThJ to maat èmergeThlo9. Tra is a b8L8ncé of £205,783 I221 £274.727) orried foNrnrd cn thg rgstrthd fvndj. Re8b1[ hmds compAs• Inve8trnents of £192.01512021 £259.87518TrJ t13.76712020 £14.8521. It18 PCC pollcy to Pay ojl outstan¢fiThJ bl1 as #S FQBelblo trj h km tn981 wtrkntyd thè ¢hurth. Akyrov8d by th¥ PCC on 31:•S: 20TJ •nd Inty Itr b•hatr Roger 8urbldg• {Churth W•rd•n) Th• Rv4d Trxy onmb•nI)
PAROCHIAL CHURCH COUNCIL OF ST PETER AND ST PAUL, FAKENHAM RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2022
| Notes RECEIPTS Voluntary receipts- loose collections Gift Aided giving of all sorts Donations, appeals and legacies etc Sale of investments Income tax recovered Activities for generating funds 2a Receipts from Church activities 2b Other receipts 2c Grants 2d TOTAL RECEIPTS PAYMENTS Church activities: Diocesan parish share Other payments 3 TOTAL PAYMENTS Net receipts and payments Bank balances at 1 January 2022 Bank balances at 31 December 2022 |
Unrestricted Funds |
Unrestricted Funds |
Bells Organ Clock Music Entrance Church Dev Doug 2022 2021 Fund Fund Fund Fund Fund Fund Flegg £ £ £ £ £ £ £ £ £ - - - - - - - 1,358 1,979 12 - - - 80 510 188 32,580 31,823 - - - - - - - 2,500 6,274 - - - - - - 40,000 40,000 - - - - - - - - - 8,694 Total Funds Restricted Funds |
|---|---|---|---|
| General | Bells Organ Clock Music Entrance Church Dev Doug |
||
| £ 1,358 31,790 2,500 - - 35,648 35,965 12,864 8,377 2,000 |
|||
| 12 - - - 80 510 40,188 76,438 48,770 - - - - - - - 35,965 24,911 - - - - - - - 12,864 12,477 - - - - - - - 8,377 1,531 - - - - - - - 2,000 3,481 |
|||
| 94,854 | 12 - - - 80 510 40,188 135,644 91,170 |
||
| 58,917 48,843 |
- - - - - - - 58,917 40,218 - 270 - - - - 41,605 90,718 45,797 |
||
| 107,760 | - 270 - - - 41,605 149,635 86,015 |
||
| (12,906) | 12 (270) - - 80 510 (1,417) (13,991) 5,155 |
||
| 33,723 20,817 |
860 324 10,000 1,040 - - 2,628 48,575 43,420 872 54 10,000 1,040 80 510 1,211 34,584 48,575 |
4
PAROCHIAL CHURCH COUNCIL OF ST PETER AND ST PJ FAKENHAM 8TATeMeNT OF ASSETS AND UABILMES FOR THE YEAR ENDED 31 DECEMBER 2022 Unr•stii<gd R•strlctsd Funds Funds Totsl Fund• 2022 2021 CURRENT ASSErs Bank accA)unts 20.817 13.767 48.575 Total cash lund8 Inv••kn•nt as••t Inve8tmentlund shar$$ markot lu0 192015 19201S A•••ts r•tsln•d for Church u Fixed assets lunr&strict8dl Rogar Bufbld4• Iwn Hardlng Tru•t•• Tru•t•• Th* notes on page5 6 to 10 lom rArt of th6so ountr.
PAROCHIAL CHURCH COUNCIL OF ST PETER AND ST PAUL, FAKENHAM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
______ __________
1 ACCOUNTING POLICIES
The financial statements of the PCC have been prepared in accordance with the Church Accounting Regulations 2006 using the Receipts and Payments basis.
Funds
Restricted funds represent a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest, and b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund.
Unrestricted funds are general funds which can be used for PCC ordinary purposes. These include amounts designated by the PCC for future projects.
Fixed assets
Consecrated and benefice property is not included in the accounts in accordance with s.10 (2)(a) and (c) of the Charities Act 2011.
Assets retained for church use (unrestricted)
Movable church furnishings held by the rector and churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in church’s inventory, which can be inspected (at any reasonable time).
Equipment used within the church premises is depreciated on a straight-line basis over four years.
Investments
Investments are valued at market value as at 31 December. Investments comprise CCLA investment fund shares at market value.
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PAROCHIAL CHURCH COUNCIL OF ST PETER AND ST PAUL, FAKENHAM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
| 2 RECEIPTS 2a Activities for generating funds Coffee fund takings Bricabrac & book sales Beacon account advertising Christmas tree festival Book and jigsaw fairs 2b Receipts from Church activities Fees from weddings & funerals for Diocese, Church & organist 2c Other receipts Car park fees Sundry Interest received DCMS scheme 2d Grants Trinity College Council grants Norfolk Community Foundation Grant |
General Fabric General £ £ 7,414 - - - 5,838 - 16,135 - 6,578 - Unrestricted Funds |
Bells Organ Clock Music Doug 2022 2021 Fund Fund Fund Fund Flegg £ £ £ £ £ £ £ - - - - - 7,414 4,620 - - - - - - 3,172 - - - - - 5,838 3,477 - - - - - 16,135 13,159 - - - - - 6,578 513 Total Funds Restricted Funds |
|---|---|---|
| 35,965 - |
- - - - - 35,965 24,941 |
|
| 12,864 - |
- - - - - 12,864 12,477 |
|
| 720 - 1,839 - 536 - 5,282 - |
- - - - - 720 612 - - - - - 1,839 483 - - - - 536 10 - - - - - 5,282 426 |
|
| 8,377 - |
- - - - - 8,377 1,531 |
|
| - - - - 2,000 - |
- - - - - - 1,375 - - - - - - 2,106 - - - - - 2,000 - |
|
| 2,000 - |
- - - - - 2,000 3,481 |
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PAROCHIAL CHURCH COUNCIL OF ST PETER AND ST PAUL, FAKENHAM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022
| 3 PAYMENTS Church activities - other payments Ministry: Rectors allowance & office expenses Organists' fees Electricity & gas Repairs & renewals Insurance Printing, postage & stationery Accountancy Architect fees Coffee fund purchases Beacon printing costs Christmas Tree Festival expenses Fees to Diocese from weddings & funerals Payments to Charities Trinity College grant Sundry Payroll expenses Professional fees |
General Fabric General £ £ - - 4,980 - 6,070 - 2,674 - 4,730 - 2,510 - 3,211 - 255 - 1,558 - 10,405 - 495 - 5,483 - 552 - - 1,365 - 3,547 - 1,008 - Unrestricted Funds |
Bells Organ Clock Music Entrance Church Dev Doug 2022 2021 Fund Fund Fund Fund Fund Fund Flegg £ £ £ £ £ £ £ £ £ - - - - - - - - 292 - - - - - - - 4,980 6,000 - - - - - - - 6,070 4,655 - 270 - - - - 39,385 42,329 6,238 - - - - - - - 4,730 4,572 - - - - - - - 2,510 4,751 - - - - - - - 3,211 3,568 - - - - - - - 255 (639) - - - - - - - 1,558 645 - - - - - - - 10,405 2,055 - - - - - - - 495 18 - - - - - - - 5,483 4,707 - - - - - - - 552 - - - - - - - - - 1,375 - - - - - - 60 1,425 2,880 - - - - - - - 3,547 345 - - - - - - 2,160 3,168 4,335 Total Funds Restricted Funds |
|---|---|---|
| 48,843 - |
- 270 - - - - 41,605 90,718 45,797 |
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PAROCHIAL CHURCH COUNCIL OF ST PETER AND ST PAUL, FAKENHAM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
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| 4 Assets retained for Church use (unrestricted) Church equipment 2022 2021 £ £ Actual/deemed cost At 1 January 2022 68,520 68,520 Additions - - At 31 December 2022 68,520 68,520 __ _ Depreciation At 1 January 2022 66,542 66,542 Charge for the year - 1,978 At 31 December 2022 68,520 68,520 Net assets - - ___ |
4 Assets retained for Church use (unrestricted) Church equipment 2022 2021 £ £ Actual/deemed cost At 1 January 2022 68,520 68,520 Additions - - At 31 December 2022 68,520 68,520 __ _ Depreciation At 1 January 2022 66,542 66,542 Charge for the year - 1,978 At 31 December 2022 68,520 68,520 Net assets - - ___ |
4 Assets retained for Church use (unrestricted) Church equipment 2022 2021 £ £ Actual/deemed cost At 1 January 2022 68,520 68,520 Additions - - At 31 December 2022 68,520 68,520 __ _ Depreciation At 1 January 2022 66,542 66,542 Charge for the year - 1,978 At 31 December 2022 68,520 68,520 Net assets - - ___ |
|---|---|---|
| 68,520 ______ 66,542 1,978 |
||
68,520 __ - ____ |
Church equipment comprises items used within the Church in furtherance of its activities and office equipment and furniture.
| 5 | Cash at bank | 2022 | 2021 |
|---|---|---|---|
| £ | £ | ||
| HSBC Fakenham | |||
| General account | 19,822 | 32,712 | |
| Fabric account | 13,767 | 14,850 | |
| CCLA account | 925 | 913 | |
| Cash in hand | 70 | 100 | |
| ______ | ______ | ||
| 34,584 | 48,575 | ||
| ______ | ______ |
6 Transactions with Trustees
No remuneration, expenses or other benefits were paid to the Trustees or people connected with them by the Charity in the year (2021 nil).
No transactions were undertaken by the charity in which a Trustee or connected person has a material interest (2021 nil).
During the year £585 was reimbursed to 2 Trustees in respect of items paid for on behalf of the charity (2021 £1,713 – 2 Trustees).
9
INDEPENDENT EXAMINER'S REPORT TO THE PCC OF ST PETER AND ST PAUL, FAKENHAM
I report to the members on the examination of the accounts of the PCC of St Peter and St Paul, Fakenham for the year ended 31 December 2022 which are set out on pages 4 to 9.
Responsibilities and basis of report
As the members of the PCC you are responsible for the preparation of the accounts in accordance with the requirements of the Church Accounting regulations 2006 and section 144 Charities Act 2011 (‘the Act’).
I report in respect of my examination of the PCC’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent Examiners’ statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the PCC as required by section 130 of the Act; or
-
the accounts do not accord with those records
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.
CHRISTOPHER YEATES FCA DChA
LARKING GOWEN LLP CHARTERED ACCOUNTANTS SUMMERHILL HOUSE SCULTHORPE FAKENHAM NR21 9HA
3 APRIL 2023
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