| Contents | Page | ||
|---|---|---|---|
| Report of | the Parochial | Church Council | 1-6 |
| Report of | the Independent Examiner |
||
| Statement | of Financial | Activities | |
| Balance Sheet | |||
| Notes to the Financial | Statements | 10-1 |
| Church and correspondence | Church and correspondence | address: | St Nicholas Church, Market Place, North Walsham, | St Nicholas Church, Market Place, North Walsham, | NR28 9BT |
|---|---|---|---|---|---|
| Incumbent: | Rev Canon Paul Cubitt (until August 2020) | ||||
| 28a Yarmouth Road, North Walsham, Norfolk, NR28 9AT |
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| Currently ln vacancy |
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| Lay Chair: | Sarah Rodgers | ||||
| Assistant | Curate (NSM with | PtO): | Rev Valerie Watts | ||
| Assistant | Curate (OLM): | Rev Nigel Paterson | |||
| Ordinand: | Joanna Haywood | ||||
| Churchwardens: | Sally Barran (from 2015) | ||||
| Roger Buck (from April 2016) | |||||
| Ex-officio | Officers - (non voting) | ||||
| Sheila Ford | PCC secretary | ||||
| Anna Bright | PCC treasurer | ||||
| Elected Members: | George Mason | from APCM 2017 | |||
| Charmaine Ballard |
from APCM 2019 - for one | year | |||
| Glenda Bacon | from APCM 2017 | ||||
| Sheila Paterson | from APCM 2018 | ||||
| Joan Andrews | from APCM 2018 | ||||
| Hilary Mason | from APCM 2018 | ||||
| Joanna Haywood |
from APCM 2019 | ||||
| John Neenan | from APCM 2019(resigned | Sept 2020) | |||
| Tim Blyth | co-opted May 2019 |
| Total | Total | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Note | Unrestricted | Designated | Restricted | 2020 | 2019 | ||||
| E | E | E | E | E | |||||
| INCOMING RESOURCES |
|||||||||
| All giving, voluntary | 8 | ||||||||
| collection receipts | Sa | 6,089 | 6,089 | 10,806 | |||||
| Planned giving |
Sb | 34,751 | 34,751 | 36,461 | |||||
| Donations | Sc | 4,520 | 872 | 2,536 | 7,928 | 10,064 | |||
| Grant income | Sd | 14,784 | 14,784 | 49,462 | |||||
| Gift Aid recovered | 9,408 | 9,408 | 10,388 | ||||||
| Investment income |
589 | 589 | 699 | ||||||
| Fees wedding/funerals | 4,609 | 4,609 | 4,992 | ||||||
| Church activities | 5e | 2,371 | 166 | 2,537 | 13,509 | ||||
| Trading income | 5f | 8,620 | 2,880 | 11,500 | 22,587 | ||||
| Legacies | 1,000 | 500 | 1,500 | 1,000 | |||||
| Other income | |||||||||
| Total incoming resources | 86,741 | 4,252 | 2,702 | 93,695 | 159,968 | ||||
| RESOURCES EXPENDED | |||||||||
| Parish share | 41,600 | 25 | 41,625 | 52,000 | |||||
| Clergy and staffing | costs | 6a | 12,155 | 12,155 | 20,693 | ||||
| Church running expenses |
6b | 20,949 | 20,949 | 25,312 | |||||
| Church trading costs | 6c | 3,040 | 2,006 | 5,046 | 7,556 | ||||
| Mission giving and | |||||||||
| donations | 1,224 | 1,224 | 1,760 | ||||||
| Building work and | repairs | 6d | 559 | 1,479 | 2,038 | 86,675 | |||
| Organ repairs | |||||||||
| Other expenditure | 6e | 2,312 | 147 | 2,459 | 5,720 | ||||
| Cost ofgenerating | funds | 54 | 54 | 3,500 | |||||
| Total resources expended | 81,893 | 1,479 | 2,178 | 85,550 | 203,216 | ||||
| Increase / (decrease)in | |||||||||
| funds | 4,848 | 2,773 | 524 | 8,145 | (43,248) | ||||
| Increase in market |
value of | ||||||||
| investment | 2,577 | 2,577 | |||||||
| Net increase / (decrease) in | |||||||||
| funds | 4,848 | 2,773 | 3,101 | 10,722 | (43,248) | ||||
| Reserves brought |
forward | ||||||||
| at 1January 2020 | 14,219 | 15,969 | 30,188 | 73,436 | |||||
| 4,848 | 16,992 | 19,070 | 40,910 | 30,188 | |||||
| Transfers | (699) | 699 | |||||||
| Reserves carried forward at | |||||||||
| 31December 2020 | 4,149 | 16,992 | 19,769 | 40,910 | 30,188 | ||||
| Page 8 of17 |
| 2020 | 2019 | |||
|---|---|---|---|---|
| E | E | |||
| Fixed Assets | ||||
| Investments | 7,580 | 5,003 | ||
| Current assets | ||||
| Debtors & prepayments Cash at bank and in hand |
9 | 4,363 41,518 |
3,252 56,023 |
|
| Total current assets | 45,881 | 59,275 | ||
| Current liabilities |
||||
| Creditors —amounts | falling | |||
| due within one year | 10 | 12,551 | 34,090 | |
| Net current assets | 33,330 | 25,185 | ||
| Total net assets | 40,910 | 30,188 | ||
| Parish funds | ||||
| General | 4,149 | |||
| Designated | 16,992 | 14,219 | ||
| Total unrestricted | 21,141 | 14,219 | ||
| Restricted | 19,769 | 15,969 | ||
| Total funds | 40,910 | 30,188 |
| Total | Total | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Designated | Restricted | 2020 | 2019 | ||
| E | E | E | E | E | ||
| Sa | ||||||
| General Collections Collections Gift Aided |
4,863 1,226 |
4,863 1,226 |
7,743 3,063 |
|||
| 6,089 | 6,089 | 10,806 | ||||
| Sb | ||||||
| Giving (standing order) | 27,195 | 27,195 | 23,081 | |||
| Giving (envelopes) | 7,556 | 7,556 | 13,380 | |||
| 5c | 34,751 | 34,751 | 36,461 | |||
| Wallboxes Donations Candles |
787 166 |
501 | 1,299 166 |
2,844 876 |
||
| Donations —General Donations —Gift Aided |
3,567 | 371 | 2,500 | 6,438 | 6,344 | |
| Website donations | 25 | 25 | ||||
| 4,520 | 872 | 2,536 | 7,928 | 10,064 | ||
| 5d | ||||||
| Grants —War Memorial | Trust | 33,484 | ||||
| Grants —HMRC JRS | 3,450 | 3,450 | ||||
| Grants- NNDC Covid Relief |
11,334 | 11,334 | ||||
| VAT reclaim | 15,978 | |||||
| Se | 14,784 | 14,784 | 49,462 | |||
| Coffee morning Fete Flower Fund |
633 | 166 | 633 166 |
2,348 1,962 646 |
||
| Bookstall | 628 | |||||
| Other fundra ising |
1,738 | 1,738 | 7,925 | |||
| Sf | 2,371 | 166 | 2,537 | 13,509 | ||
| Halls Rental income | 8,620 | 8,620 | 17,982 | |||
| Church Rental Income | 2302 | 2,302 | 2,303 | |||
| Magazine Use ofChurch building |
578 | 578 | 2,302 | |||
| 8,620 | 2,880 | 11,500 | 22,587 |
| Total | Total | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Designated | Restricted | 2020 | 2019 | |||
| E | E | E | E | ||||
| 6a | |||||||
| Clergy expenses | 622 | 622 | 1,361 | ||||
| Salaries/honoraria | 11,533 | 11,533 | 19,332 | ||||
| 12,155 | 12,155 | 20,693 | |||||
| 6b | |||||||
| Gas &electricity | 8,803 | 8,803 | 10,734 | ||||
| Water | 368 | ||||||
| Cleaning | 132 | 132 | 69 | ||||
| Maintenance | 230 | 230 | 612 | ||||
| Service costs | 1,238 | 1,238 | 2,868 | ||||
| Telephone, | Printing | & | 2,350 | 2,350 | 3,184 | ||
| stationery | |||||||
| Accounting | costs | 1,608 | 1,608 | 1,126 | |||
| Insurance | 6,588 | 6,588 | 6,351 | ||||
| 20,949 | 20,949 | 25,312 | |||||
| 6c | |||||||
| Halls Gas & | Electricity | 2,412 | 2,412 | 3,199 | |||
| Halls Cleaning | 491 | 491 | 1,147 | ||||
| Halls Maintenance | 2,460 | ||||||
| Halls Water | Rates | 112 | 112 | 461 | |||
| Halls Sundry | Running | Costs | 25 | 25 | 289 | ||
| Halls Equipment | 2,006 | 2,006 | |||||
| 3,040 | 2,006 | 5,046 | 7,556 | ||||
| 6d | |||||||
| Church Maintenance | 559 | 1,054 | 1,613 | 84,072 | |||
| Church Equipment |
425 | 425 | 2,603 | ||||
| East Window | |||||||
| 559 | 1,479 | 2,038 | 86,675 |
| Total | Total | ||||
|---|---|---|---|---|---|
| Unrestricted | Designated | Restricted | 2020 | 2019 | |
| 6e | |||||
| Equipment | 299 | ||||
| Sundry expenses | 1,571 | 1,571 | 1,866 | ||
| Bank charges | 506 | 506 | |||
| Bookstall | 201 | ||||
| Church flowers | 40 | 40 | 800 | ||
| Choir expenses &Music | 235 | 107 | 342 | 565 | |
| Choir stalls lights | 1,989 | ||||
| 2,312 | 147 | 2,459 | 5,720 |
| 9.Debto | rs and prepayments | ||
|---|---|---|---|
| 2020 | 2019 | ||
| Funeral | Fees | 217 | 217 |
| Halls rental fees | 636 | ||
| Other debtor | 2,093 | 300 | |
| Gift Aid | reclaim | 2,053 | 2,099 |
| Magazine advert |
|||
| 4,363 | 3,252 | ||
| 0.Credi | tors and accruals | ||
| 2020 | 2019 | ||
| Diocean | Board Fees | 2,821 | 20,791 |
| Trading | creditors | 6,445 | 9,441 |
| Planned | Giving | 250 | |
| Charitable collections to be paid |
3,285 | 3,608 | |
| 12,551 | 34,090 |
| 11.PARISH FUNDS S | UMMARY | |||||
|---|---|---|---|---|---|---|
| Opening | Incoming | Outgoing | Transfers | Closing | ||
| balances | Resources | Resources | Balances | |||
| 6 | 6 | 6 | f | |||
| Unrestricted funds |
||||||
| General | 78,121 | (73,910) | (699) | 3,512 | ||
| Church Halls |
8,620 | (7,983) | 637 | |||
| Total Unrestricted | 86,741 | (81,893) | (699) | 4,149 | ||
| Designated Funds |
||||||
| General reserve fund | 4,248 | 4,248 | ||||
| Church fabric fund | 7,718 | 2,674 | (1,054) | 9,338 | ||
| Bookstall | 528 | 110 | 638 | |||
| Magazine | 725 | 968 | 1,693 | |||
| Legacies | 500 | (425) | 75 | |||
| Community growth |
fund | 1,000 | 1,000 | |||
| Total Designated | 14,219 | 4,252 | (1,479) | 16,992 | ||
| Restricted funds | ||||||
| Parish share —direct |
donations | 25 | (25) | |||
| Clergy endowment | 3,804 | 2,577 | 1,199 | 7,580 | ||
| Halls development | 5,031 | 2,000 | (2,006) | 5,025 | ||
| Roof repair fund | 311 | 311 | ||||
| Collection for others | 1,240 | 1,240 | ||||
| Audio trail | 703 | 703 | ||||
| Pram service | 277 | 277 | ||||
| Archives | 76 | 76 | ||||
| Walsingham cell |
145 | 145 | ||||
| Choir fund | 2,746 | (107) | 2,639 | |||
| Youth evangelism | 272 | 272 | ||||
| Miscellaneous | 500 | (500) | ||||
| Children's corner |
603 | 603 | ||||
| Morse Bags | 30 | 30 | ||||
| Childrens' Day |
35 | 35 | ||||
| Flower fund | 696 | 177 | (40) | 833 | ||
| Tota I Restricted | 15,969 | 5,279 | (2,178) | 699 | 19,769 | |
| Total Funds | 30,188 | 96,272 | (85,550) | 40,910 |
| The Church ofSt Nicholas, North Walsham Notes tothe Financial Statements (Continued) Forthe year ended 31December 2020 |
The Church ofSt Nicholas, North Walsham Notes tothe Financial Statements (Continued) Forthe year ended 31December 2020 |
The Church ofSt Nicholas, North Walsham Notes tothe Financial Statements (Continued) Forthe year ended 31December 2020 |
4 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Parish Funds (Detail) | Balance f |
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| UNRESTRICTED FUNDS | ||||||||||||||||
| General Fund |
3,512 | |||||||||||||||
| This is the main fund through | which resources the day | to day | operations | of the | Church. The | Church | ||||||||||
| costs more than 6700to run | each week. | |||||||||||||||
| Halls Fund | 637 | |||||||||||||||
| This is the fund through which resources |
the day to | day | operations | of the Church | Halls. Any | excess | ||||||||||
| monies are split 50/50 between the Halls | Development | and Church | Fabric Funds | |||||||||||||
| DESIGNATED FUNDS | ||||||||||||||||
| General Fund Reserve |
4,248 | |||||||||||||||
| This fund isto cover payments in the event ofa financial |
emergency. | |||||||||||||||
| Church Fabric Reserve | 9,338 | |||||||||||||||
| This fund, together with the |
Church Fabric Fund (Restricted) comprise the fabric |
reserve. The | fund | is | ||||||||||||
| created from reserves to underwrite works on the church |
buildings. | |||||||||||||||
| Bookstall | 638 | |||||||||||||||
| This funds a bookstall cresting interest |
within the church and offering |
material | in support | of the | ||||||||||||
| Church's mission. |
||||||||||||||||
| Magazine | 1,693 | |||||||||||||||
| The Church magazine N.E.W.S is an important means of |
outreach to | the local | community. | |||||||||||||
| Legacies | ||||||||||||||||
| A legacy was received in the |
year which | the family requested | was | used | for a given purpose. | At the | ||||||||||
| year end a small balance remained to be spent. | 75 | |||||||||||||||
| Community Growth Fund |
1,000 | |||||||||||||||
| This fund is used to bring together various | factions within | the town | i.e.North | Norfolk District Council, | ||||||||||||
| Regenerate North Walsham, |
Community | Centre, Funday | etc. | |||||||||||||
| RESTRICTED FUNDS | ||||||||||||||||
| Clergy Endowment | 7,580 | |||||||||||||||
| The Church holds shares, administered |
through the |
Diocese, | in | the | Church | Board of Finance | ||||||||||
| Investment Fund. The fund was devised to contribute |
to | the expenses | ofthe incumbent. | |||||||||||||
| Halls Development | 5,025 | |||||||||||||||
| This fund, with the restricted | fund ofthe | same name, | is | for the constant | update | and maintenance | of | |||||||||
| the Church halls to meet the |
requirements | of a wide variety of | users. | |||||||||||||
| Roof Repair Fund | ||||||||||||||||
| This fund is for the repair and | maintenance | ofthe church | roof. | 311 |
| The Church ofSt Nicholas, North Walsham Notes to the Financial Statements (Continued) Forthe year ended 31December 2020 |
4 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Parish Funds (Detail continued) | ||||||||||
| Childrens Day |
35 | |||||||||
| This fund is used to fund the various expenses to hold the annual | childrens' | day | ||||||||
| Morse Bags | ||||||||||
| This fund received grants during the year for the sole purpose of | making | and distributing | re-usable | 30 | ||||||
| morse bags. | ||||||||||
| Collection for Others | 1,240 | |||||||||
| This represents the monies the church collects for |
other organisations/charities. | |||||||||
| Audio Trail | 703 | |||||||||
| This fund is for the maintenance and replacing the |
audio trail | equipment, | which | provides | visitors with | |||||
| an audio guide to the Church and it history. |
||||||||||
| Pram Service | 277 | |||||||||
| This fund is for resources to regular services for parents | and | young children. | ||||||||
| Archives | 76 | |||||||||
| This fund is for preserving the Parish Archive. |
||||||||||
| Walshingham Cell |
145 | |||||||||
| Supports a self-funding group with a particular interest |
in the Walshingham | Shire. | ||||||||
| Choir and Music Funds | 2,639 | |||||||||
| These are four fund which support the choir tours, | training, | fellowship, | social needs, the | provision | of | |||||
| music and general needs. | ||||||||||
| Youth Evangelism | 272 | |||||||||
| This fund is supporting the youth activities within the church. |
||||||||||
| Children's Corner |
603 | |||||||||
| This fund isto enhance welcoming and appropriate |
facilities | for young children | and their | parents. | ||||||
| Flower Funds | 833 | |||||||||
| This is the cash account for the provision ofchurch | flowers. | |||||||||
| Total Funds | 40,910 |