| Contents | Page | |
|---|---|---|
| Report of | the Parochial Church Council | 1-4 |
| Report of | the Independent Examiner |
|
| Statement | of Financial Activities | |
| Balance Sheet |
| Approved working name North Walsham P.C.C. |
Approved working name North Walsham P.C.C. |
Approved working name North Walsham P.C.C. |
Approved working name North Walsham P.C.C. |
Approved working name North Walsham P.C.C. |
Approved working name North Walsham P.C.C. |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| The Parochial | Church Council | (PCC) presents its annual | report and the financial statements | ofthe Church forthe | ||||||||
| year ended 31December 2021 | ||||||||||||
| Reference | and | administrative | information | |||||||||
| Church and correspondence | address: | St Nicholas Church, | Market Place, North Walsham, | NR28 9BT | ||||||||
| Priest in charge: | The Rev David Warner —from 13th February 2022 | |||||||||||
| 28a Yarrnouth Road, North Walsham, |
Norfolk, | NR28 9AT | ||||||||||
| Lay Chair: | Sarah Rodgers | - resigned September |
2021 | |||||||||
| Assistant | Curate | (NSM with | PtO): | The Rev Valerie | Watts | |||||||
| Assistant | Curate | (OLM): | The Rev Nigel Paterson | |||||||||
| Churchwardens: | Sally Barran (to | April | 2021) | |||||||||
| Roger Buck (from April 2016) | ||||||||||||
| Chris Hargest (from | April 2021) | |||||||||||
| Ex-officio | Officers - (non | voting) | Sheila Ford | PCC secretary | ||||||||
| Anna Bright |
PCCtreasurer | |||||||||||
| Elected Members: | George Mason | from APCM 2017to April | 2021 | |||||||||
| 6lenda Bacon | from APCM 2017 | |||||||||||
| Sheila Paterson | from APCM 2018 | |||||||||||
| Joan Andrews | from APCM 2018 | |||||||||||
| Hilary Mason | from APCM 2018to April | 2021 | ||||||||||
| Joanna Haywood | from APCM 2019to April | 2021 | ||||||||||
| Petra Durham | From APCM | 2021 | ||||||||||
| Hilary Lawler |
From APCM | 2021 | ||||||||||
| Felicity Christian | From APCM | 2021 | ||||||||||
| Chris Sherman | From APCM | 2021 | ||||||||||
| Tim Blyth | co-opted May 2019 | |||||||||||
| Representatives | on the | StBenet at Waxham and Tunstead |
Deanery: | |||||||||
| Dr Stephen Whittleton from |
APCM 2017 | |||||||||||
| Roger Buck | from | APCM 2017 | ||||||||||
| Independent | examiner: | |||||||||||
| Sexty and | Co. | |||||||||||
| Chartered | Certified Accountants | and Registered | Auditors | |||||||||
| 124 | Thorpe Road | |||||||||||
| Norwich, | NR1 | 1RS |
| orthe year ended | 31Dec | ember | 2021 | ||||
|---|---|---|---|---|---|---|---|
| Total | Total | ||||||
| Note | Unrestricted f |
Designated f |
Restricted f |
2021 f |
2020 | ||
| INCOMING RESOURCES |
|||||||
| All giving, voluntary | & | ||||||
| collection receipts | Sa | 6,943 | 6,943 | 6,089 | |||
| Planned giving |
Sb | 34,005 | 34,005 | 34,751 | |||
| Donations | Sc | 4,886 | 9,956 | 14,842 | 7,928 | ||
| Grant Income | Sd | 16,943 | 16,943 | 14,784 | |||
| Gift Aid recovered | 8,973 | 8,973 | 9,408 | ||||
| Investment income |
604 | 604 | 589 | ||||
| Fees wedding/funerals | 1,894 | 1,894 | 4,609 | ||||
| Church activities | 5e | 1,691 | 282 | 1,973 | 2,537 | ||
| Trading income | Sf | 14,916 | 4,399 | 19,315 | 11,500 | ||
| Legacies | 3,000 | 3,000 | 1,500 | ||||
| Total incoming resources |
93,855 | 4,681 | 9,956 | 108,492 | 93,695 | ||
| RESOURCES EXPENDED | |||||||
| Parish share | 40,512 | 40,512 | 41,625 | ||||
| Clergy and staffing | costs | Ba | 8,115 | 8,115 | 12,155 | ||
| Church running expenses |
6b | 16,409 | 16,409 | 20,719 | |||
| Church trading costs | 6c | 11,450 | 11,450 | 5,046 | |||
| Mission giving and | |||||||
| donations | 541 | 541 | 1,224 | ||||
| Building work and | repairs | 6d | 5,115 | 2,896 | 85 | 8,096 | 2,268 |
| Other expenditure | 6e | 2,620 | 14,092 | 16,712 | 2,459 | ||
| Cost ofgenerating | funds | 54 | |||||
| Total resources expended | 84,762 | 2,896 | 14,177 | 101,835 | 85,550 | ||
| Increase / (decrease) in | |||||||
| funds | 9,093 | 1,785 | (4,221) | 6,657 | 8,145 | ||
| Increase in market |
value of | ||||||
| investment | 1,084 | 1,084 | 2,577 | ||||
| Net increase / (decrease) in | |||||||
| funds | 9,093 | 1,785 | (3,137) | 7,741 | 10,722 | ||
| Reserves brought |
forward | ||||||
| at 1January 2021 | 4,149 | 16,992 | 19,769 | 40,910 | 30,188 | ||
| 13,242 | 18,777 | 16,632 | 48,651 | 40,910 | |||
| Transfers | (4,711) | 4,711 | |||||
| Reserves carried forward at | |||||||
| 31December 2021 | 13,242 | 14,066 | 21,343 | 48,651 | 40,910 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| E | g | |||
| Fixed Assets | ||||
| Investments | 8,665 | 7,850 | ||
| Current assets | ||||
| Debtors &prepayments | 9 | 7,512 | 4,363 | |
| Cash at bank and in | hand | 46,042 | 41,518 | |
| Total current assets | 53,554 | 45,881 | ||
| Current liabilities |
||||
| Creditors —amounts |
falling | |||
| due within one year | 10 | 13,568 | 12,551 | |
| Net current assets | 39,986 | 33,330 | ||
| Total net assets | 48,651 | 40,910 | ||
| Parish funds | ||||
| General | 13,242 | 4,149 | ||
| Designated | 14,066 | 16,992 | ||
| Total unrestricted | 27,308 | 21,141 | ||
| Restricted | 21,343 | 19,769 | ||
| Total funds | 48,651 | 40,910 |
| Total | Total | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Designated | Restricted | 2021 | 2020 | |||
| 6 | E | E | E | ||||
| Sa | |||||||
| General Collections | 6,805 | 6,805 | 4,863 | ||||
| Collections | Gift Aided | 138 | 138 | 1,226 | |||
| 6,943 | 6,943 | 6,089 | |||||
| 5b | |||||||
| Giving (standing | order) | 29,823 | 29,823 | 27,195 | |||
| Giving (envelopes) | 4,182 | 4,182 | 7,556 | ||||
| 34,005 | 34,005 | 34,751 | |||||
| Sc | |||||||
| Wallboxes | 1,204 | 44 | 1,248 | 1,299 | |||
| Donations | Candles | 250 | 250 | 166 | |||
| Donations | —General | 3,420 | 9,384 | 12,804 | 6,438 | ||
| Donations | —Gift | Aided | 528 | 528 | |||
| Website donations | 12 | 12 | 25 | ||||
| 4,886 | 9,956 | 14,842 | 7,928 | ||||
| Sd | |||||||
| Grants —HMRC JRS | 370 | 370 | 3,450 | ||||
| Grants- NNDC Covid Relief |
16,573 | 16,573 | 11,334 | ||||
| 16,943 | 16,943 | 14,784 | |||||
| Se | |||||||
| Coffee morning | 113 | 113 | 633 | ||||
| Flower Fund | 166 | ||||||
| Bookstall | 282 | 282 | |||||
| Other fundraising | 1,578 | 1,578 | 1,738 | ||||
| 1,691 | 282 | 1,973 | 2,537 | ||||
| Sf | |||||||
| Halls Rental income | 14,044 | 14,044 | 8,620 | ||||
| Halls Grant | Income - JRS | 674 | 674 | ||||
| Halls Fundraising | Income | 198 | 198 | ||||
| Church Rentallncome | 2,303 | 2,303 | 2,302 | ||||
| Magazine | 2,096 | 2,096 | 578 | ||||
| 14,916 | 4,399 | 19,315 | 11,500 |
| Total | Total | |||||
|---|---|---|---|---|---|---|
| Unrestricted f |
Designated f |
Restricted | 2021 f |
2020 f |
||
| 6a | ||||||
| Clergy expenses | 1,614 | 1,614 | 622 | |||
| Salaries/honoraria | 6,501 | 6,501 | 11,533 | |||
| 8,115 | 8,115 | 12,155 | ||||
| 6b | ||||||
| Gas &electricity | 5,162 | 5,162 | 8,803 | |||
| Cleaning | 157 | 157 | 132 | |||
| Service Costs | 891 | 891 | 1,238 | |||
| Telephone, Printing |
& | |||||
| stationery | 3,001 | 3,001 | 2,350 | |||
| Accounting costs |
1,352 | 1,352 | 1,608 | |||
| Insurance | 5,846 | 5,846 | 6,588 | |||
| 16,409 | 16,409 | 20,719 | ||||
| 6c | ||||||
| Halls Salaries | 6,002 | 6,002 | ||||
| Halls Gas &Electricity | 4,374 | 4,374 | 2,412 | |||
| Halls Cleaning | 324 | 324 | 491 | |||
| Halls Maintenance | 355 | 355 | ||||
| Halls Water Rates | 395 | 395 | 112 | |||
| Halls Sundry Running |
Costs | 25 | ||||
| Halls Equipment | 2,006 | |||||
| 11,450 | 11,450 | 5,046 | ||||
| 6d | ||||||
| Church Maintenance | 1,080 | 2,896 | 85 | 4,061 | 1,843 | |
| Church Equipment |
425 | |||||
| Electricallnspection | 2,041 | 2,041 | ||||
| Roof Alarm | 1,994 | 1,994 | ||||
| 5,115 | 2,896 | 85 | 8,096 | 2,268 |
| 6.RESOURCES EXPENDED (Deta | il)/Continued | ||||
|---|---|---|---|---|---|
| Total | Total | ||||
| Unrestricted | Designated | Restricted | 2021 | 2020 | |
| 6e | |||||
| Organ Tuning | 710 | 710 | |||
| Sundry expenses | 1,367 | 1,367 | 1,571 | ||
| Bank charges | 226 | 226 | 506 | ||
| Books/Registers | 207 | 207 | |||
| Church flowers | 228 | 228 | 40 | ||
| Choir expenses &Music | 110 | 110 | 342 | ||
| Audio &Video Equipment | 13,864 | 13,864 | |||
| 2,620 | 14,092 | 16,712 | 2,459 |
| .Debtors and prepayments | ||
|---|---|---|
| 2021 | 2020 | |
| Funeral Fees | 354 | 217 |
| Halls rentalfees | 5,000 | |
| Other debtor | 582 | 2,093 |
| Gift Aid reclaim | 1,576 | 2,053 |
| 7,512 | 4,363 |
| 0.Creditors and accruals | ||
|---|---|---|
| 2021 | 2020 | |
| Diocean Board Fees | 5,574 | 2,821 |
| Trading creditors | 4,248 | 6,445 |
| Other creditors | 564 | |
| Charitable collections to be paid |
3,182 | 3,285 |
| 13,568 | 12,551 |
| 1.PARISH FUNDS SUMMARY | |||||
|---|---|---|---|---|---|
| Opening | Incoming | Outgoing | Transfers | Closing | |
| balances | Resources | Resources | Balances | ||
| f | f | f | |||
| Unrestricted funds |
|||||
| General | 3,512 | 78,939 | (73,312) | 9,139 | |
| Church Halls |
637 | 14,916 | (11,450) | 4,103 | |
| Total Unrestricted | 4,149 | 93,855 | (84,762) | 13,242 | |
| Designated Funds |
|||||
| General reserve fund | 4,248 | (1,022) | 3,226 | ||
| Church fabric fund | 9,338 | 2,303 | (2,896) | 8,745 | |
| Bookstall | 638 | 282 | 920 | ||
| Magazine | 1,693 | 2,096 | (3,689) | 100 | |
| Legacies | 75 | 75 | |||
| Community growth fund |
1,000 | 1,000 | |||
| Total Designated | 16,992 | 4,681 | (2,896) | (4,711) | 14,066 |
| Restricted funds | |||||
| Clergy endowment | 7,580 | 1,084 | 8,664 | ||
| Halls development | 5,025 | (85) | 4,940 | ||
| Fabric fund | 722 | 722 | |||
| Roof repair fund | 311 | 311 | |||
| Video/Audio Streaming |
9,154 | (13,865) | 4,711 | ||
| Collection for others | 1,240 | 1,240 | |||
| Audio trail | 703 | 703 | |||
| Pram service | 277 | 36 | 313 | ||
| Archives | 76 | 76 | |||
| Walsingham cell |
145 | 145 | |||
| Choir fund | 2,639 | 2,639 | |||
| Youth evangelism | 272 | 272 | |||
| Children's corner |
603 | 603 | |||
| Morse Bags | 30 | 30 | |||
| Childrens' Day |
35 | 35 | |||
| Flower fund | 833 | 44 | (227) | 650 | |
| Total Restricted | 19,769 | 11,040 | (14,177) | 4,711 | 21,343 |
| Total Funds | 40,910 | 109,576 | (101,835) | 48,651 |
| he Church ofSt Nicholas, North Walsham otes tothe Financial Statements (Continued) orthe year ended 31December 2021 |
he Church ofSt Nicholas, North Walsham otes tothe Financial Statements (Continued) orthe year ended 31December 2021 |
he Church ofSt Nicholas, North Walsham otes tothe Financial Statements (Continued) orthe year ended 31December 2021 |
4 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Parish Funds (Detail) | Balance f |
||||||||||||||
| UNRESTRICTED FUNDS | |||||||||||||||
| General Fund | 9,139 | ||||||||||||||
| This is the main fund through | which resources the day | to day | operations | of the | Church. The | Church | |||||||||
| costs more than f700to run each week. | |||||||||||||||
| Halls Fund | 4,103 | ||||||||||||||
| This is the fund through which resources |
the day to | day operations | ofthe Church | Halls. Any | excess | ||||||||||
| monies are split 50/50 between the Halls | Development | and Church | Fabric Funds | ||||||||||||
| DESIGNATED FUNDS | |||||||||||||||
| General Fund Reserve | 3,226 | ||||||||||||||
| This fund isto cover payments | in the event of a financial | emergency. | |||||||||||||
| Church Fabric Reserve | 8,745 | ||||||||||||||
| 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 | 920 | ||||||||||||||
| This funds a bookstall creating interest |
within the church |
and offering | material | in support | of the | ||||||||||
| Church's mission. |
|||||||||||||||
| Magazine | 100 | ||||||||||||||
| 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 | 8,664 | ||||||||||||||
| 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 | 4,940 | ||||||||||||||
| This fund, with the restricted | fund ofthe | same name, | is | for the constant | update | and maintenance | of | ||||||||
| the Church halls to meet the |
requirements | ofa wide variety of | users. | ||||||||||||
| Fabric Fund | |||||||||||||||
| This fund is for the repair and |
maintenance ofthe fabric |
ofthe | church. | 722 | |||||||||||
| Roof Repair Fund | |||||||||||||||
| This fund is for the repair and |
maintenance ofthe church |
roof. | 311 |
| 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 isfor the maintenance and replacing the audio trail equipment, |
which | provides | visitors with | ||||||
| an audio guide to the Church and it history. | |||||||||
| Pram Service | 313 | ||||||||
| This fund is for resources to regular services for parents |
and young children. | ||||||||
| Archives | 76 | ||||||||
| This fund isfor 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 | ||||||||
| This fund supports the choir tours, training, fellowship, | social needs, the provision | ofmusic | 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 | 650 | ||||||||
| This isthe cash account for the provision ofchurch flowers. | |||||||||
| Total Funds | 48,651 |