|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|||
||||Currently
ln vacancy|||
|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|
|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|