Parochial Church Council of
The Ecclesiastical Parish of
St. Nicholas, North Walsham
Approved working name:
North Walsham P.C.C
Annual Report and Accounts
For the Year Ended 31 December 2023
Registered Charity Number 1130505

The Church of St Ni¢holas, North Walsham
A¢¢ounts
For the year ended 31 December 2023
Contents
Page
Report of the Parochial Church Council
Report of the Independent Examiner
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
8-15

Z023 Annual Report and A¢¢ounts for the Parochial Church Coun¢ll of the E¢¢leslastl¢al Partsh olst Nl¢holas
Church, North Walsham.
Registered Chaiity No. 1130505
Approved workln8 name North Walsham P.C.C,
The Parochlal Church Councll {PCC) presents Its annual report and the financial stslements of ihe Church forthe
year ended 31 De¢ember 2023
Reference and admlnlstratlve Infomiatlon
Church and correspondence addres&. St Nichola5 Church. Market Place, North Walsham, NR28 9BT
prtest In ¢ha¥8e:
The Rev David Wamer
28a Yarmouth Road, North Walsham, Norfolk, NR28 9AT
Churchwardens:
Roger Bu¢k- Deceased 16 March 2024
Chris Hargest (from April 20211
Ex4rfficlo Offlcers- (non voting)
Sheila Ford
Anna Bright
PCC secretary
PCC treasurer
Elerted Members:
Shella Paterson
from APCM 2021
Petra Durham
From APCM 2021
Hilary Lawler
From APCM 2021
Fellcity Christian
From APCM 2021
Chris Sherman
From APCM 2021
rim Blyth
From APCM 2022
David Minns
From APCM 2022
Drstephen Whittleton From APCM 2022
Representstlves on the St Benet at Waxham and Tunstead Deanery;
Dr Stephen Whittleton
Glenda Bocon
Roger Buck
from APCM 2021
from APCM 2023
Deceased 16 March 2024
Independent examlner:
Sexty and Co.
Chartered Certified Accountants and Registered Auditors
124 Thorpe Road
Norwich
NRI IRS
Page l of 15

The Church of St Nicholas, North Walsham
Report of the Parochlal Church Councll (Contlnued)
For the year ended 31 December 2023
5TRucfuRE, GOVERNANCE & MANAGEMENT
The PCC 15 a body corporate IPCC Powers Measure 1956, Church Representstion Rules 2CK61 and a charity
currently registered with the Charity Commission, no. 1130505.
Members of the PCC are either ex officio. elected by the Annual Parochial Church Meeting IAPCMI or co-opted in
accordance with the Church Representation Rules. All current members are trustees of the charity.
PCC members are responsible for making decisrons on all matters of general concern and importance to the parish
including deciding on how the funds of the PCC are to be spent. The PCC is also Specifical￿ responsible for the
malntenance of the Church of St Nlcholas together wtth the adlacent Church Halls complex.
During the year there were no signifi(ant transactions involving PCC member5 or dosely related perso
StandlNd Commlttee
The PCC operates with assistsnce of the Standing Committee which is made up of the Vicar, the churchwardens,
the treasurer and two elected PCC members (Hilary Lawler and Chrls Sherrnanl, along with TIM Blyth and Peter
Tobitt who act as finance members and asslst the standing committee. It Is responsible to the PCC. and rninute5
from the meetings are presented to the PCC at each meetirg. The Standing Committee progresses Outstanding
matters ar￿ makes recommendations to the PCC.
Oblertlves & Artivities
The prirnaryobjectlveofthe PCC isthe pmmotionofthe G05pelof ourLordJesusChristactordingtothedottrines
and practi￿5 of the Church of England. The PCC is required to cooperate with the incumbent, in promoting in the
ecclesiastical parish, the whole mission of the Church, pastoral, evangelistiG social and ecumenical.
Public Benefrt
The tlllStees confirm that they have complied with the duty in section 17 of the Charitie5 Act 2011 to have due
regard to the Charity Commission's general guidance on public benefrt, 'Charities and Public Benefit,.
The PCC promotes the whole mission of the Church through the following activities- regular public worship open
to all; the provision of sacred space for personal prayer and contemplation: pastoral work Includlng visltlng the
sick and the bereaved; teaching of Christianity through sermons, courses and Small group5,' promotion of
Christianitythrough staging events and meetings (some ecumenicall, and the distribLrtion of literature- supporting
other charlties in the UK and overseas,. promotin8 an interest in music through concerts and recitsls, the training
of chorister5 and adult singers; and the provision of Christian hospitality, re*reshment and friendship to visitors
via our Church Halls. Our Halls are also made available to a number of speclal needs groups. We try ro make the
church as open and acce55ible as P055ible throughout the daylight hours for both chuich members and the wider
community.
A¢hievements and Perfornwn¢e',
Church Attendance
The weekly Sunday attendance was 11212022: 851 adults and 1212022.. 121 children
The totsl numberof communicants on Easter Day was 19712022.. 1751
The totsl numberof communicants at Christmas was 17212022: 1391
while the totsl number of attendee5 Christma5 Eve and Christmas Day was 70012022- 5331
There were 18 {2022: 141 baptisms and 1312022.. 271 funeral services held in church and a further 2312022- 13}
taken at the local crematorium. There were 412022.. 61 weddings.
Page 2 of IS

The Church of St Nicholas, North Walsham
Report of the Parochial Church Council (Contlnued)
For the year ended 31 December 2023
Achievements and Performance (contlnued):
Elertoral Roll
There are 123 on the Church Electoral Roll as at Aprll 2023.
The Buslness of the PCC 2023
The PCC 15 updated on Safe8uardin8 at every meeting and followed ￿feguardIng and GDPR requirements.
Flnanclng
The Statement of Financial Activities for the year is set out on Page 6 of the financlal statements. A summary of
the financial results is as follows. The net Incomlng resourcesforthe year amounted to £lll,011 {2022: £105,198).
Total resources expended were £110,26612022- £95,584) resulting in a net surplus of £1,46512022= £8,594) The
surplus has been added to the relevant fvnd balan￿$ brought fomard and at the balance sheet date. totsl funds
amounted to £58.71012022.' £57,245).
Revi￿ of the Yèar
2023 saw a year of greater stability) as the shadow of Covid receded, congregations and visitors retumed in
earnest, and our addltional financial controls, begun In 2022 really took effect. Con8regations continued steadily
to grow, and we were able to engage our own organist once again, and Matthew Bond has already contributed
hugely to our worshipping life. With no major works required, regular maintenance continued on the church
building, and we were delighted to recelve grant funding to replace the heating in the church halls for reliable,
effertive and efficient heaters- the halls were extensively used as a communlty resource.
2023 was Coronation year and St Nicholas was centre stage for the town's marking of thi5 extraordinary event -
the windows lit up with red, white and blue and huge screens and speakers brought the service live from
Westminster to the hallowed arches of North Walsham- there aren't many 'firsts' left when a bulldlng Is as old as
St Nicholas. but thls was indeed a first - we welcomed hundreds on the day. and to the civic service, and to the
volunteerinB events- all of this was 5UPPOrted and enabled by the Town Council and we continue to work closely
together to serve our communlty.
Our vmrshipping life on Sundays is only part of the story- the church is used by countless folk each and every dav.
for reflectlon and quiet and for larger events too funerals, baptlsms, weddings: we are always open, always
available, and always ready to seThe. We are grateful to all those who work hard, publicly and privately, to support
our life, our outreach and our ministry - our fete and Children'5 day are significant 'earners' as well as vitsl
fundraisers- fundraising is a constant and never gets easler. but we shall go onl
Atross the year we have 50U8ht to broaden our pastordl offering, Into schools, hospital and care home5. and 2024
promises the authorisation of a new pastoral team. to take up the baton from the far-sighted and effective
Alongside Team. Pastoral care of our community is our central, fundamental and essential purpose. The end of
2023 was overshadowed for us as Roger Buck became ill and Valerie was prevented from worshipping wlth us -
these two faithful servants, amongst so many who have given so much, remain in our prayers. We go forward,
with much to be grateful for, much to offer. and much to hope in. We have a story folk want to hear, a place they
want to see. and a Saviour who remains faithful in good times and bad, Thank you, all of you, for your part in
telling that story.
Page 3 of 15

The Church of St Nicholas. North Walsham
Report of the Parochial Church Council {Contlnued)
For the year ended 31 December 2023
Parochlal Church Coun¢ll responslbilities
The PCC members are responsible for preparfng the Trustees, Annual Report and the financial statements in
accordan￿ wf(h applicable law and United Kingdom Accounting Standard5 (United Kingdom Generally Accepted
Accountin8 Pract1￿1.
The trustees are required to prepare financial statements for each financlal year, whlch give a true and fair view
of the state of affairs of the charity and of the incomlng resources and application of resources. including income
and expenditure of the charity for that period. In preparing these ftnanclal statements, the trustees are reqUI￿d
to:
select sultable accountlng pollcles and then apply them consistently;
observe the method5 and principles in the Charities SORP,.
make judgments and estlm3tes that are reasonable and pwdent,"
state whether applicable UK Accounting Standards have been followed, subject to any material departures
disclosed and explalned In the financial statements. and
prepare the financial statements on the going concem basis, unless It is Inappropriate to presume that the
charltable company wlll continue In operation.
The PCC member5 are responsible forkeeping adequate accounting records thatdisclose wlth reasonable accuracy
at any time the financial posltion of the charlty and enable them to ensure that the financial statements comply
with the Charities Act 2011. They are also responsible for safeguarding the assets of the charitable charity and
hence for taklng reasonable steps for the prevention and detection of fraud and other irregularitles.
Independent Examlner
Mr A Orves FCCA FCA is willing to continue as independent examiner.
A proposal ￿gardingthe reappointment of Mr A Orves FCCA FCA will be madeat the forthcomlngAnnual parochial
Church meeting.
Approved bv the PCC....
and slgned on thelr behalf by:
The Rev David Wamer- Priest in charge
Mr Chris Hargest- Churc
wa
Page 4 of IS

The Churth of St Nicholas, North Walsham
Independent Examlnerfs Report to the Parochial Church Council of the
Church of St Nicholas. North Walsham
For the year ended 31 December 2023
I report to the charity trustees on my examination of the account5 Qf the charity for the year ended 31 December
2023 which are set out on pages 6 to 15.
Responsibiliti￿ and basis of report
As the charity's trustees you are responsible for the preparation of the accounts In accordance wlth the
requirements of the Charities Act 20111'the Act'l.
I report in re5pert of my examination of the chartys accounts carrled out under sectSon 145 of the Act and In
carrying out my examination I have followed all the applicable Dirertions given by the Charity Commission under
sertlon 14515)Ibl of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attentk)n In connectlon
with the examination giving me cause to believe that in any material respett:
accounting records were not kept in respert of the charlty as requlred by 5ertlon 130 of the Act,. or
the accounts do not accord with those records- or
the accounts do not comply with the applitable requlrements conternlng the form and content of accounts
set out in the Charities {Accounts and Reportsl Regulations 2008 other than any requirement that the
accounts give a 'true and fair Vie￿ which is not a matter considered as part of an independent examination.
I have no concerns and have come acr055 no other matters in Connection wlth the examlnation to whlch attentlon
should be drawn in this report in order to enable a proper understandin8 of the accounts to be reached.
A Orves FCCA FCA
For and on behalf of Sexty & Co
Chartered Certified Accountsnts and Registered Auditors
124 Thorpe Road
Norwlch
NRI IRS
Page 5 of 15

The Church of St Nlcholas, North Walsham
Statement of Financlal Actlvltles
For the year ended 31 December 2023
Total
2023
Totsl
2022
Note Unrestrirted
Designated
Restrlded
INCOMING RESOURCES
All givin& voluntary &
ollertion receipts
Planned gNing
Donatlons
Grant5/VAT Reclaimed
Gift Aid recovered
Investment Income
Fee5 weddinglfunerals
Churth activities
Trading income
Other Income
9.597
29,951
4.819
1.250
9,549
58
3,481
7,930
19,710
2,392
9,597
29.951
5,309
iO,CK)O
9.629
58
3,481
9,207
31.387
2,392
9,660
31.519
12,916
1,886
10,879
227
4.102
9.214
22,803
1,992
5b
sc
Sd
490
8,750
se
sf
632
2,825
645
8.852
Total in¢omlng resources
88,737
12,207
10,067
iii,oii
105.198
RESOURCES EXPENDED
Parish share
Clergy and staffing costs
Church running expenses
Church trading costs
Mission giving and
donations
Building work and repairs
Other expenditure
Cost of generatin8 funds
34.610
8.889
16.445
13,055
34,610
8,889
16,445
23.883
31,529
8,208
20.952
11,796
6a
6b
6c
10,828
3,956
3,033
490
15.956
ioi
2,160
743
22,072
3.877
490
16.493
6e
918
Total resources expended
80,478
16,057
13,731
110,266
95,584
Increase I Idecrease) in
funds
8,259
13,8501
13.6641
745
9.614
Increase / (decrease) in
market value of investment
720
720
(1,0201
NÈt increase / (decrease) in
funds
8,259
13,8501
(2,9441
1.465
8.594
Reserye$ brought forward
at l January 2023
9.521
15,835
31,889
57,245
48,651
17,780
11,985
28,945
58.710
57,245
Transfers
(6,429)
3.412
3,017
Reser¥es carrled forward at
31 December 2023
11,351
15,397
31,962
58,710
57,245
Page 6of15

The Church of St Nicholas, North Walsham
Balance Sheet
For the year ended 31 December 2023
2023
2022
Hxed Assets
Investments
8,364
7.644
Current a55et5
Debtors & prepayments
Cash at bank and in hand
8.907
63.927
3,324
67,917
Totsl current assets
72,834
71,241
Current liabilitie5
Creditors
amounts falling
due wlthin one year
io
22.488
21,640
Net current a55ets
50,346
49,601
Total net assets
58,710
57,245
Parlsh funds
General
Designated
li
li
11,351
15,397
9,521
15,835
Total unrestrirted
26,748
25.356
Restricted
li
31,962
31,889
Total funds
58.710
57.245
Approved by the Pamchlal Church Councll onl*.YK(&sW..4.. and signed on its behalf by:"
The Rev D Warner- Priest in Charge= ........
Mr Chris Har8est- Churchwarden-
Page 7 of 15

The Church of St Nlcholas, North Walsham
Notes to the Flnanclal Ststements
For the year ended 31 December 2023
ACCOUNTING POUCIES
Ila)
Basls of preparatlon
These accounts Ifinancial ststementsl have been prepared under the h15torlcal cost convention wlth iterns
recogni5ed at cost or transactlon value unless otherwise stated in the ￿levant notes to these accounts. The
financial statements have been prepared in a￿rdance with the Statement of Recommended Practlce..
AccountinB and Reporting by Charities preparlng thelr accounts In actordance with the Financial Reportlng
Standard applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 July 2014 and Financial ReportlnB
Standard appllcable In the United Kingdom and Republic of Ireland IFRS 102} and Charltles Att 2011.
The charity constitutes a public benefrt entity as defined by FRSIO2.
Investment assets are Shown at tsir value at the year end.
These accounts are prepared on an accruals bas15 and Include all transactions, assets and liabilitles for whlch
NWPCC is, in law, Te5ponsible.
These account5 exclude the accounts of church 8roups le.g. Mothers Union) where these are affiliated, mainly*
to another body, or where these are informal groups of Church members.
Ilbl
Flxed Assets
Consecrated and benefice propertles are not Included In the accounts in accordance with SIO12} lal and Icl of
the Charities Act 2011.
Moveable Church furnlshlngs. plate, etc. held by the Vlcar and Churchwardens on special trust and which
require a f?culty for disposal are inalienable property. These are Ilsted In the Church's Inventoryi and may be
n5perted at reasonable notice.
Income received which is specifically dlrerted to the acqulsltlon or Improvement of Church property,
furn15hlngs or fabric is recognised in the Church a¢count5 when received and the corresponding expenditure is
shown in the church account5 when It Is Incurred. Any small value items are normally written off as Incurred.
l{cl
Reserves
It is the pollcy of the PCC to:
Use reserves In practital ways that promote and sustsin the p?storal, evangellcal, soclal and etumenical mission
of the Church rather than holdln8 on to them unnecessarily or without specific purpose. It wishes to
demonstrate the principles of accountsblllty and transparency by cleady stating its intentions to the
congregation and the communlty which it serves. It is a150 policy to revlew all reserves at least annually with a
view to bringing forward suitable expenditure projects or (where permissible in lawl re-assignin8 balances.
Ildl
Incomlng Resources
Collection5 and donations are recognised when made.
Income Tax recoverable on gift aid donations is reco8ni5ed when the Income is reco8nised.
Income from the letting of church premlses is accounted for when earned.
Funds raised by the fete and similar event5 are accounted for gr05S.
Sales of book5 and magazines from the church bookstall are accounted for gr05S.
Parochial Fees due to the PCC for weddings, funerals etc are accounted for on an event by event b3SIS.
Government grants are recognised when the charlty has entitlement after any performance conditions have
been met, it is probable that the income will be received and the amount can be measured reliably. If
entltlement Is not met then these amounts Bre deferred.
Pa8e 8 of 15

The Church of St Nicholas, North Walsham
Notes to the Financial Statements {Continued)
For the year ended 31 December 2023
2. Investments
21al The PCC has ownershipi through Norwlch Diocesan Board of Finance Ltd, of 370 Income shares in the C8F
Church of England Investment Fund. The value of the shares together wlth Income arlslng from year to year 15
Re5trirted forthe purpose of ¢ontributin8 to the cost of the Incumbent's expen5e5.
21bl Rese￿es, where practical, are Invested In the CBF Church of England Fund to attratt a return.
21cl The PCC does not normally invest separately for each fvnd, such that. where there is no separate
Investment, Interest Is apportioned pro rata to fund balances.
3. Creditors
Creditors shown on the balance sheet are amounts falling due within one year and include any
Contlngent Liability arising from contracted services at Valuation for whlch no demand for payment has
been received.
4. Debtors
Debtors shown on the balance sheet Include any contingent Asset arising from amounts due in respert
of agreed grant claims from Grant Making Bodies where payment has not been received.
Page 9 of 15

The Church of St Nicholas, North Walsham
Notes to the Flnanclal Statements {Continued
For the year ended 31 December 2023
5. INCOMING RESOURCES {Detall)
Totsl
2023
Total
2022
Unrestricted
Deslqnated
Restricted
General Collectlons
Collertions Gift Aided
6,734
2,863
6,734
2.863
6,790
2,870
9.597
9,597
9.660
5b
Giving (standing orderl
Giving lenvelopesl
27,104
2,847
27,104
2,847
28,424
3,095
29.951
29,951
31.519
Wallboxes
Donations Candles
Donations- General
Donations- Gift Aided
South porch repairs
Website donations
1,924
1,151
1.744
1,924
1.151
1.914
320
1.978
774
4,515
4,849
800
170
320
4.819
49)
5,309
12,916
Sd
VAT Reclaimed
Grants- Norwich Diocese
1,886
1,250
8,750
10,000
1,250
8,750
10,000
1.886
Coffee mornlng
Church Fete
Flower Fund
Music Fund
Audio Trial
Bookstall
Fabric Fund
Other fundraising
1.221
1.665
131
1,352
1,665
507
2,328
1,670
341
30
12
455
995
3,383
507
518
114
518
114
5.044
7,930
632
645
9,207
9,214
Sf
Halls Rental income
Halls Grant Income- MNDC
Halls Other income
Halls Fundraising Income
Church Rental Income
Magazlne
19,710
19.710
7,162
18,099
7,162
474
534
2,303
1,393
1.690
1.690
2,303
522
2,303
522
19,710
2,825
8,852
31,387
22,803
Page 10 of 15

The Church of St Nicholas. North Walsham
Notes to the Flnanclal Statements {Continued)
For the year ended 31 December 2023
6. RESOURCES EXPENDED (Detail)
Total
2023
Total
2022
Unrestrlcted
Deslgnated
Restricted
Clergy expenses
Salarles/honorarla
940
7,949
581
7.627
7,949
8.889
8.889
8.208
6b
Gas & electricity
Cleaning
SeNice Costs
Telephone.
stationery
Accountlng costs
Insurance
4,699
98
649
4,699
98
649
7,823
40
1.047
Printing
3.627
1.290
6,082
3.627
1.290
6,082
4,190
1.465
6,387
16.445
16.445
20,952
Halls Salaries
Halls Gas & Electrlclty
Halls Cleanin8
Halls Maintenan
Halls Water Rates
Halls Sundry Running Costs
Halls Equipment
6.790
4,102
1.257
622
1621
346
6,790
4.102
1,257
3,492
1621
346
7,958
6,285
2,169
740
1,264
325
1.013
2,870
7,958
13,055
10.828
23,883
11,796
Church Maintenance
Church Equlpment
3,338
618
15,956
2,160
21,454
618
16.425
68
3,956
15,956
2,160
22.072
16,493
Page 11 of 15

The Churth of St Nlcholas, North Walsham
Note5 to the Flnanclal Statements {Contlnued)
For the year ended 31 December 2023
6. RESOURCES EXPENDED {Detall)/Contlnued
Total
2023
Total
2022
Unrestrl¢ted
Deslgnated
Restrfrted
Organ Tuning
Sundry expenses
Bank charges
Books/Registers
Magazine
Church flowers
ChoSr expenses & Muslc
Audio & Video Equipment
920
1,524
61
401
920
1,524
61
502
852
1.716
82
69
21
675
229
ioi
743
743
127
127
3,033
ioi
743
3,877
7. Staff Costs
During the year the PCC employed 3 {2022: 31 people, none of whom earned £60,000 pa or more.
8. Governance Costs
Independent Examination fees £85212022: £850) included in note 6b of resources expended.
9. Debtors and prepayments
2023
2022
Halls rental fee5
Other debtors
568
2,966
5.373
8,￿7
Gift Aid reclaim
1,540
1,784
3,324
10. Creditors and accruals
2023
2022
Diocean Board Fees
Parish Share
7,S69
7,986
Trading creditors
Charitable collettlons to be paid
4.422
4,645
4.009
4,645
21,640
21,636
Page 12 of 15

The Church of St Nichola5, North Walsham
Notes to the Flnanclal Statements {Continued)
For the year ended 31 December 2023
11. PARISH FUNDS SUMMARY
Openlng
balances
Incomlng
Rosources
Outgoing
Resour¢e$
Transfers
Closing
Balances
Unrestrlcted fvnds
General
Church Halls
9,521
69,027
19.710
167.4231
113.0551
226
16,655}
11,351
Total Unrestrirted
9.521
88,737
180.4781
16,4291
11.351
Deslgnated Funds
General reserve fund
Church fabric fund
Energy Fund
Bookstall
Magazine
Legacies
Community growth fund
3.226
8,730
13,2261
8,638
2,417
8,750
518
522
111,3961
14,5601
{ioi)
8,389
4,190
765
994
29
1,030
1,348
1.472
29
1,030
11,0001
11,0001
Total Desl8nated
15.835
12,207
{16.057)
3,412
15,397
Re5trIrt￿ funds
Clergy endowment
Halls development
Fabric fund
Roof repair fund
South Porch Repair Fund
Collectlon for others
Audio trail
Archives
Music Fund
Youth Work Fund
Flower fund
720
8,853
701
8.364
12,267
4,309
10,914
5.768
311
988
1,240
715
76
2,694
1,223
316
110,828
12,160)
3,328
13111
988
1,240
722
76
2,694
1,223
506
(7431
Total Restricted
31,889
10,787
113,7311
3,017
31,962
Tolal Fund$
57,245
111,731
(110,2661
58,710
Page 13 of IS

The Church of St Nicholas, North Wa15ham
Notes to the Flnandal Statements (Contlnued)
For the year ended 31 December 2023
Parf$h Fund$ IDetsll}
Balance
UNRESTRICTED FUNDS
General Fund
This is the main fund through which resources the day to day operatlons of the Church. The Church
Costs more than £700 to run each week,
11,351
Halls Fund
This IS the fund through which resource5 the day to day operations of the Church Halls. Any exce55
monies are spltt 50150 between the Halls Development and Church Fabric Funds
DESIGNATED FUNDS
General Fund Reserve
This fund is to cover payments in the event of a financial emergency. During the year it was felt that
There Is sufficient funds with the unrestricted and other deslgnated funds to Cover any emergencles.
The funds were transferred to the general unrestricted fund.
Church Fabrlc Reserve
This fund, together wtth the Church Fabric Fund {Re5tricted) comprise the fabric rese￿e. The fund is
created from rese￿e$ to underwrite works on the church buildings.
8,389
Ener8y Fund
This funds was created during the year following the receipt of a grant from The Diocese of Norwich,
towards increasing energy costs.
4,190
Bookstall
This funds a bookstsll creating interest within the church and offering materièl in support of the
Church's mission.
765
Ma8azlne
The Church magazine N.E.W.S is an important means of Out￿aCh to the local community.
994
Legacles
A leE3CV was received In the year whlch the famlly requested was used for a glven purpose. At the
year end a small balance remained to be spent.
29
Communlty Growth Fund
This fund is used to bring together various factions within the town i.e. North Norfolk District Council,
Regenerate North Walsham, Communlty Centre, Funday ett.
1.030
REsfRICTED FUNDS
Clergy Endowmenl
The Church holds shares, administered through the Diocese, in the Church Board of Finance
Investment Fund. The fund was devlsed to contrlbute to the expenses of the incumbent.
8,364
Halls Development
This fund. with the restricted fund of the Same name, is for the constant update and maintenance of
the Church halls to meet the requirements of a wide variety of users.
12.267
Page 14 of 15

The Church of St Nlcholas, North Walsham
Notes to the Financlal Statements {Continued)
For the year ended 31 December 2023
Parlsh Funds (Detail contlnued)
Fabric Fund
This fttnd is for the repair and Maintenan￿ of the fabric of the church.
4.309
Collertion for Othèrs
Thls represents the monies the church collerts foi other or8anisations/charities.
1,240
Audlo Trall
This fund is for the maintenance and replacing the audlo trail equlpment, which Provides vlsitors with
n audio guide to the Church and it history.
722
Archives
Thls fund is for preSe￿Ing the Parish ArchNe.
76
Mu$ic Fund
This fund supports the choir tour5, training, fellowshipi social needs. the provision of muslc and
general needs. Thisfund was previously known as the Choir & Muslc Fund. During the yearThe 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 wlthin the church. This fund was previously know as the
Youth Evangelism fund. During the year the Trustees renamed the fun Youth Work Fund as they felt
thls to be a more approprlate title for the fund.
1,223
Hower Funds
Thi5 15 the Cash account for the provision of church flowers.
79
South Porch Repalrs
Thi5 fund is for the South Porch repairs needed
988
Totsl Funds
58.710
Page 15 of 15