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|Contents||Page|
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|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.|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|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||||||
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|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|
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|||||||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|
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|.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|