| Contents | Page | |
|---|---|---|
| Report ofthe Parochial | Church Council | 1-4 |
| Report ofthe independent Examiner |
||
| Statement of Financial | Activities | |
| Balance Sheet | ||
| Notes to the Financial | Statements | 8-15 |
| year ended 31 | December 20 | December 20 | 22 | 22 | |||
|---|---|---|---|---|---|---|---|
| Reference and | administrative | information | |||||
| Church and correspondence | address: | St Nicholas Church, | Market Place, North Walsham, | NR289BT | |||
| Priest in charge: | The Rev David Warner | (from 13February 2022) | |||||
| 28a Yarmouth Road, |
North Walsham, Norfolk, NR28 9AT |
||||||
| Assistant Curate | (NSM with | PtO): | The Rev Valerie Watts | ||||
| Assistant Curate | (OLM): | The Rev Nigel Paterson | |||||
| Churchwardens: | Roger Buck (from April | 2016) | |||||
| Chris Hargest (from | April 2021) | ||||||
| Ex-officio Officers - (non voting) | Sheila Ford | PCC secretary | |||||
| Anna Bright | PCC treasurer | ||||||
| Elected Members: | Glenda Bacon | from APCM 2021 | |||||
| Sheila Paterson | from APCM 2021 | ||||||
| Petra Durham | From APCM 2021 | ||||||
| Hilary Lawler | From APCM 2021 | ||||||
| Felicity Christian | From APCM 2021 | ||||||
| Chris Sherman | From APCM 2021 | ||||||
| Tim Blyth | From APCM 2022 | ||||||
| David Minns | From APCM 2022 | ||||||
| Dr Stephen Whittleton | From APCM 2022 | ||||||
| Representatives | on the St Benet at Waxham and Tunstead |
Deanery: | |||||
| DrStephen Whittleton | from APCM 2021 | ||||||
| Roger Buck | from APCM 2021 | ||||||
| Independent | examiner: | Sexty and Co. | |||||
| Chartered Certified Accountants and Registered |
Auditors | ||||||
| 124Thorpe Road | |||||||
| Norwich | |||||||
| NR1 1RS |
| Total | Total | ||||||
|---|---|---|---|---|---|---|---|
| Note | Unrestdcted E |
Designated E |
Restricted f |
2022 E |
2021 E |
||
| INCOMING RESOURCES |
|||||||
| All giving, voluntary | & | ||||||
| collection receipts | Sa | 9,660 | 9,660 | 6,943 | |||
| Planned giving |
5b | 31,519 | 31,519 | 34,005 | |||
| Donations | Sc | 7,267 | 5,649 | 12,916 | 14,842 | ||
| VAT Reclaimed | Sd | 1,886 | 1,886 | 16,943 | |||
| Gift Aid recovered | 9,714 | 1,165 | 10,879 | 8,973 | |||
| Investment income |
227 | 227 | 604 | ||||
| Fees wedding/funerals | 4,102 | 4,102 | 1,894 | ||||
| Church activities | Se | 7,381 | 455 | 1,378 | 9,214 | 1,973 | |
| Trading income | Sf | 18,573 | 3,696 | 534 | 22,803 | 19,315 | |
| Legacies | 3,000 | ||||||
| Other Income | 1,992 | 1,992 | |||||
| Total incoming resources | 90,435 | 6,037 | 8,726 | 105,198 | 108,492 | ||
| RESOURCES EXPENDED | |||||||
| Parish share | 31,529 | 31,529 | 40,512 | ||||
| Clergy and staffing | costs | 6a | 8,208 | 8,208 | 8,115 | ||
| Church running expenses |
6b | 20,952 | 20,952 | 16,409 | |||
| Church trading costs | 6c | 11,796 | 11,796 | 11,450 | |||
| Mission giving and | |||||||
| donations | 1,899 | 145 | 2,044 | 541 | |||
| Building work and | repairs | 6d | 5,054 | 9,689 | 1,750 | 16,493 | 8,096 |
| Other expenditure | 6e | 2,920 | 49 | 675 | 3,644 | 16,712 | |
| Cost ofgenerating | funds | 918 | 918 | ||||
| Total resources expended | 83,276 | 9,738 | 2,570 | 95,584 | 101,835 | ||
| Increase / (decrease) in | |||||||
| funds | 7,159 | (3,701) | 6,156 | 9,614 | 6,657 | ||
| Increase in market |
value of | ||||||
| investment | (1,020) | (1,020) | 1,084 | ||||
| Net increase / (decrease) in | |||||||
| funds | 7,159 | (3,701) | 5,136 | 8,594 | 7,741 | ||
| Reserves brought |
forward | ||||||
| at 1January 2022 | 13,242 | 14,066 | 21,343 | 48,651 | 40,910 | ||
| 20,401 | 10,365 | 26,479 | 57,245 | 48,651 | |||
| Transfers | (10,880) | 5,470 | 5,410 | ||||
| Reserves carried forward at | |||||||
| 31December 2022 | 9,521 | 15,835 | 31,889 | 57,245 | 48,651 |
| 2022f | 2021 f |
|||
|---|---|---|---|---|
| Fixed Assets | ||||
| Investments | 7,644 | 8,665 | ||
| Current assets | ||||
| Debtors &prepayments | 9 | 3,324 | 7,512 | |
| Cash at bank and in | hand | 67,917 | 46,042 | |
| Total current assets | 71,241 | 53,554 | ||
| Current liabilities | ||||
| Creditors —amounts | falling | |||
| due within one year | 10 | 21,640 | 13,568 | |
| Net current assets | 49,601 | 39,986 | ||
| Total net assets | 57,245 | 48,651 | ||
| Parish funds | ||||
| General | 9,521 | 13,242 | ||
| Designated | 15,835 | 14,066 | ||
| Total unrestricted | 25,356 | 27,308 | ||
| Restricted | 31,889 | 21,343 | ||
| Total funds | 57,245 | 48,651 |
| . INCOMING RESO |
URCES (Deta | il) | ||||
|---|---|---|---|---|---|---|
| Total | Total | |||||
| Unrestdcted | Designated | Restricted | 2022 | 2021 | ||
| E | E | E | E | E | ||
| Sa | ||||||
| GeneralCollections | 6,790 | 6,790 | 6,805 | |||
| Collections Gift Aided | 2,870 | 2,870 | 138 | |||
| 9,660 | 9,660 | 6,943 | ||||
| 5b | ||||||
| Giving (standing order) | 28,424 | 28,424 | 29,823 | |||
| Giving (envelopes) | 3,095 | 3,095 | 4,182 | |||
| 31,519 | 31,519 | 34,005 | ||||
| Sc | ||||||
| Wallboxes | 1,978 | 1,978 | 1,248 | |||
| Donations Candles |
774 | 774 | 250 | |||
| Donations —General | 4,515 | 4,515 | 12,804 | |||
| Donations —Gift Aided | 4,849 | 4,849 | 528 | |||
| South porch repairs | 800 | 800 | ||||
| Website donations | 12 | |||||
| 7,267 | 5,649 | 12,916 | 14,842 | |||
| 5d | ||||||
| VAT Reclaimed | 1,886 | 1,886 | ||||
| Grants —HMRC JRS | 370 | |||||
| Grants- NNDC Covid Relief |
16,573 | |||||
| 1,886 | 1,886 | 16,943 | ||||
| Se | ||||||
| Coffee morning | 2,328 | 2,328 | 113 | |||
| Church Fete | 1,670 | 1,670 | ||||
| Flower Fund | 341 | 341 | ||||
| Music Fund | 30 | 30 | ||||
| Audio Trial | 12 | 12 | ||||
| Bookstall | 455 | 455 | 282 | |||
| Fabric Fund | 995 | 995 | ||||
| Other fundraising | 3,383 | 3,383 | 1,578 | |||
| 7,381 | 455 | 1,378 | 9,214 | 1,973 | ||
| Sf | ||||||
| Halls Rentalincome | 18,099 | 18,099 | 14,044 | |||
| Halls Grant Income - JRS | 674 | |||||
| Halls Other income | 474 | 474 | ||||
| Halls Fundraising | Income | 534 | 534 | 198 | ||
| Church Rentallncome | 2,303 | 2,303 | 2,303 | |||
| Magazine | 1,393 | 1,393 | 2,096 | |||
| 18,573 | 3,696 | 534 | 22,803 | 19,315 |
| Total | Total | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted f |
Designated f |
Restricted f |
2022f | 2021 f |
|||
| 6a | |||||||
| Clergy expenses | 581 | 581 | 1,614 | ||||
| Salaries/honoraria | 7,627 | 7,627 | 6,501 | ||||
| 8,208 | 8,208 | 8,115 | |||||
| 6b | |||||||
| Gas &electricity | 7,823 | 7,823 | 5,162 | ||||
| Cleaning | 40 | 40 | 157 | ||||
| Service Costs | 1,047 | 1,047 | 891 | ||||
| Telephone, | Printing | & | |||||
| stationery | 4,190 | 4,190 | 3,001 | ||||
| Accounting | costs | 1,465 | 1,465 | 1,352 | |||
| Insurance | 6,387 | 6,387 | 5,846 | ||||
| 20,952 | 20,952 | 16,409 | |||||
| 6c | |||||||
| Halls Salaries | 6,285 | 6,285 | 6,002 | ||||
| Halls Gas & | Electricity | 2,169 | 2,169 | 4,374 | |||
| Halls Cleaning | 740 | 740 | 324 | ||||
| Halls Maintenance | 1,264 | 1,264 | 355 | ||||
| Halls Water | Rates | 325 | 325 | 395 | |||
| Halls Sundry | Running | Costs | 1,013 | 1,013 | |||
| 11,796 | 11,796 | 11,450 | |||||
| 6d | |||||||
| Church Maintenance | 4,986 | 9,689 | 1,750 | 16,425 | 4,061 | ||
| Church Equipment | 68 | 68 | |||||
| Electrical Inspection | 2,041 | ||||||
| Roof Alarm | 1,994 | ||||||
| 5,054 | 9,689 | 1,750 | 16,493 | 8,096 |
| Total | Total | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Designated | Restricted | 2022 | 2021 | ||
| se | ||||||
| Organ Tuning | 852 | 852 | 710 | |||
| Sundry expenses | 1,716 | 1,716 | 1,367 | |||
| Bank charges | 82 | 82 | 226 | |||
| Books/Registers | 41 | 28 | 69 | 207 | ||
| Magazine | 21 | 21 | ||||
| Church flowers | 675 | 675 | 228 | |||
| Choir expenses | &Music | 229 | 229 | 110 | ||
| Audio &Video | Equipment | 13,864 | ||||
| 2,920 | 675 | 3,644 | 16,712 |
| .Debtors and prepayments | |||
|---|---|---|---|
| 2022 | 2021 | ||
| Funeral Fees | 354 | ||
| Halls rental fees | 5,000 | ||
| Other debtor | 1,540 | 582 | |
| Gift Aid reclaim | 1,784 | 1,576 | |
| 3,324 | 7,512 |
| 0.Creditors and accruals | ||
|---|---|---|
| 2022 | 2021 | |
| E | ||
| Diocean Board Fees | 7,986 | 5,574 |
| Parish Share | 5,000 | |
| Trading creditors | 4,009 | 4,248 |
| Other creditors | 564 | |
| Charitable collections to be paid |
4,645 | 3,182 |
| 21,640 | 13,568 |
| Opening | Incoming | Outgoing | Transfers | Closing | ||
|---|---|---|---|---|---|---|
| balances | Resources | Resources | Balances | |||
| 6 | 6 | 6 | 6 | |||
| Unrestdicted | funds | |||||
| General | 9,139 | 71,862 | (71,480) | 9,521 | ||
| Church Halls |
4,103 | 18,573 | (11,796) | (10,880) | ||
| Total Unrestdicted | 13,242 | 90,435 | (83,276) | (10,880) | 9,521 | |
| Designated | Funds | |||||
| General reserve fund | 3,226 | 3,226 | ||||
| Church fabric fund | 8,745 | 4,188 | (9,643) | 5,440 | 8,730 | |
| Bookstall | 920 | 456 | (28) | 1,348 | ||
| Magazine | 100 | 1,393 | (21) | 1,472 | ||
| Legacies | 75 | (46) | 29 | |||
| Community | growth fund | 1,000 | 30 | 1,030 | ||
| Total Designated | 14,066 | 6,037 | (9,738) | 5,470 | 15,835 | |
| Restricted funds | ||||||
| Clergy endowment | 8,664 | (1,020) | 7,644 | |||
| Halls development | 4,940 | 534 | 5,440 | 10,914 | ||
| Fabric fund | 722 | 6,796 | (1,750) | 5,768 | ||
| Roof repair | fund | 311 | 311 | |||
| South Porch | Repair Fund | 988 | 988 | |||
| Collection for others | 1,240 | 1,240 | ||||
| Audio trail | 703 | 12 | 715 | |||
| Pram service | 313 | (313) | ||||
| Archives | 76 | 76 | ||||
| Walsingham | cell | 145 | (145) | |||
| Music Fund | 2,639 | 55 | 2,694 | |||
| Youth Work | Fund | 272 | 951 | 1.223 | ||
| Children's corner |
603 | (603) | ||||
| Morse Bags | 30 | (30) | ||||
| Childrens' Day |
35 | (35) | ||||
| Flower fund | 650 | 341 | (675) | 316 | ||
| Total Restricted | 21,343 | 8,726 | (3,590) | 5,410 | 31,889 | |
| Total Funds | 48,651 | 105,199 | (96,605) | 57,245 |
| orthe year ended 31Dece | mber 2022 | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Parish Funds (Detail) | Balance f |
|||||||||||||||||||
| UNRESTRICTED FUNDS | ||||||||||||||||||||
| General Fund | ||||||||||||||||||||
| 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. | 9,521 | ||||||||||||||||||
| Halls Fund | ||||||||||||||||||||
| 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 |
||||||||||||||||||||
| This fund isto cover payments | in the event | of | afinancialemergency. | 3,226 | ||||||||||||||||
| Church Fabric Reserve | ||||||||||||||||||||
| 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. | 8,730 | |||||||||||||||||
| Bookstall | ||||||||||||||||||||
| This funds a bookstall creating interest |
within the |
church and offering |
material | in support | of the | |||||||||||||||
| Church's mission. |
1,348 | |||||||||||||||||||
| Magazine | ||||||||||||||||||||
| The Church magazine N.E.W.S is an important |
means | of | outreach to | the local | community. | 1,472 | ||||||||||||||
| 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. | 29 | ||||||||||||||||||
| Community Growth Fund |
||||||||||||||||||||
| 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. | 1,030 | ||||||||||||||||
| RESTRICTED FUNDS | ||||||||||||||||||||
| Clergy Endowment | ||||||||||||||||||||
| 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. | 7,644 | |||||||||||||||
| Halls Development | ||||||||||||||||||||
| 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. | 10,914 | |||||||||||||||
| Fabric Fund | ||||||||||||||||||||
| This fund is for the repair and |
maintenance | of | the fabric | ofthe | church. | 5,768 | ||||||||||||||
| Roof Repair Fund | ||||||||||||||||||||
| This fund isfor the repair and | maintenance | ofthe church | roof. | 311 |
| Parish Funds (Detail continued) | |||||
|---|---|---|---|---|---|
| Collection for Others | |||||
| This represents the monies the church collects for other organisations/charities. |
1,240 | ||||
| Audio Trail | |||||
| This fund isforthe maintenance and replacing the audio trail equipment, |
which provides | visitors with | |||
| an audio guide tothe Church and it history. | 715 | ||||
| Archives | |||||
| This fund is for preserving the Parish Archive. |
76 | ||||
| Music Fund | |||||
| This fund supports the choir tours, training, fellowship, | social needs, the | provision ofmusic and general | |||
| needs. This fund was previously known as the Choir |
ik Music Fund. | During the year | The Trustees | ||
| renamed the fund Music Fund as they felt this to be a |
more appropriate | title for the fund. | 2,694 | ||
| Youth Work Fund | |||||
| This fund is supporting the youth activities within the |
church. | This fund | was previously | known as the | |
| Youth Evangelism fund. During the year the Trustees |
renamed | the fund | Youth Work Fund as they felt | ||
| this to be a more appropriate title for the fund. |
1.223 | ||||
| Flower Funds | |||||
| This isthe cash account for the provision ofchurch flowers. | 316 | ||||
| South Porch Repairs | |||||
| This fund is for the South Porch repairs needed | 988 | ||||
| Total Funds | 57,245 |