|Contents||Page|
|---|---|---|
|Report ofthe Parochial|Church Council|1-4|
|Report ofthe independent<br>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<br>Road,|North Walsham,<br>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<br>and Tunstead|||Deanery:|||
|||||DrStephen Whittleton||from APCM 2021||
|||||Roger Buck||from APCM 2021||
|Independent|examiner:|||Sexty and Co.||||
|||||Chartered<br>Certified Accountants<br>and Registered|||Auditors|
|||||124Thorpe Road||||
|||||Norwich||||
|||||NR1 1RS||||





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|||||||Total|Total|
|---|---|---|---|---|---|---|---|
|||Note|Unrestdcted<br>E|Designated<br>E|Restricted<br>f|2022<br>E|2021<br>E|
|INCOMING<br>RESOURCES||||||||
|All giving, voluntary|&|||||||
|collection receipts||Sa|9,660|||9,660|6,943|
|Planned<br>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<br>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<br>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<br>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<br>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<br>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|






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|. INCOMING<br>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<br>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-<br>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|





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|||||||Total|Total|
|---|---|---|---|---|---|---|---|
||||Unrestricted<br>f|Designated<br>f|Restricted<br>f|2022f|2021<br>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|





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||||||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|



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|.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<br>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<br>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<br>corner||603|||(603)||
|Morse Bags||30|||(30)||
|Childrens'<br>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<br>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<br>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<br>Fund Reserve|||||||||||||||||||||
|This fund isto cover payments||in the event||of|afinancialemergency.||||||||||||||3,226||
|Church Fabric Reserve|||||||||||||||||||||
|This fund, together<br>with the|Church<br>Fabric|||Fund (Restricted) comprise the fabric|||||||||||reserve. The||fund|is|||
|created from reserves to underwrite<br>works on|||||the church|||buildings.|||||||||||8,730||
|Bookstall|||||||||||||||||||||
|This funds<br>a bookstall<br>creating<br>interest|||within<br>the|||church<br>and offering|||||||material|||in support|of the||||
|Church's<br>mission.|||||||||||||||||||1,348||
|Magazine|||||||||||||||||||||
|The Church magazine<br>N.E.W.S is an important|||||means|of|outreach to||||the local|||community.|||||1,472||
|Legacies|||||||||||||||||||||
|A legacy was received<br>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<br>Growth Fund|||||||||||||||||||||
|This fund is used to bring together various||||factions within||||the town|||i.e. North|||Norfolk District|||Council,||||
|Regenerate<br>North Walsham,||Community|Centre, Funday|||||etc.|||||||||||1,030||
|RESTRICTED FUNDS|||||||||||||||||||||
|Clergy Endowment|||||||||||||||||||||
|The<br>Church<br>holds<br>shares,|administered|||through||the||Diocese,||in||the|Church|||Board of|Finance||||
|Investment<br>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,<br>is|||||for the constant|||||update||and maintenance|||of|||
|the Church<br>halls to meet the||requirements||ofa wide||variety of|||users.||||||||||10,914||
|Fabric Fund|||||||||||||||||||||
|This fund<br>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<br>the monies the church collects for other organisations/charities.|||||1,240|
|Audio Trail||||||
|This fund isforthe maintenance<br>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<br>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<br>known<br>as the Choir|ik Music Fund.||During the year|The Trustees||
|renamed<br>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<br>the youth activities within the|church.|This fund|was previously|known as the||
|Youth Evangelism<br>fund.<br>During the year the Trustees|renamed|the fund|Youth Work Fund as they felt|||
|this to be a more appropriate<br>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|