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 2025
Registered Charity Number 1130505

The Church of St Nlcholas, North Walsham
Accounts
For the year ended 31 December 2025
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

2025 Annual Report and A¢coufit$ for the Parochlal Church Council of the Eccleslastlcal Parish of St Nicholas
Church. North Walsham.
Registered Charlty No. 1130505
Approved worklng name North Walsham P.C.C.
The Parothial Church Coun¢ll (PCC) presents its annual rep¢xt and the flnanclal statements of the Church forihe
year ended 31 December 2025
Reference and adminlstratlve Infomiation
Church and correspondence address: St Nichola5 Church, Market Place, North Walsham, NR28 9BT
Vlcar:
The Rev David Warner SCP
Asslstant Curate (from June 2025:
The Rev Dan Krawczyk SCP
Churchwardens:
Petra Durham
Énd ofterm 2026
E¥￿ICiO Officers- (non votin81
Anna Bright
PCC treasurer
Elerted M¢mbers:
Sheila Paterson
Felicity Christian
Alison Haywood
Tammy Palmer
Tim Blyth
Lois Sherman
End of temi 2027
End of term 2027
End of term 2028
End oftemi 2028
End of tem 2027
End of tem) 2028
IPCC Secretary)
{Safeguardlng Officer}
Representatives on the St Benet at Waxham and Tun5tead Deanery:
Dr Stèphen whlttleton
Glenda Bacon
Sandra Topham
End of temi 2026
End of tenn 2026
End of term 2027
Independent examlner:
Sexty and Co.
Chartered Certified Accountants and Registered Auditors
124 Thorpe Road
Norwich
NRI IRS
Page l of IS

The Church of St Nlcholas, North Walsham
Report of the Parochlal Churth Coundl Icontlnued)
For the year ended 31 December 2025
i•
STRucfuRE. GOVERNANCE & MANAGEMENT
The PCC is a body corporate IPCC Powers Measure 1956. Church Representation Rules 20061 and a charity
currently registered with the Charity Commission, no. 1130505.
Members of the PCC are either ex offitio. elerted by the Annual Parochial Church Meeting IAPCMI or co-opted in
accordance with the Church Representation Rules. All current members are trustee5 Qf the charity.
PCC members are responsible for making decisions on all matters of general concem and importance to the parish
including deciding on how the funds of the PCC are to be spent. The PCC is also specifically responsible for the
maintenance of the Church of St NiclK>la5 logether with the adjacent Church Halls complex.
During the year there were no significant transactions Involvin8 PCC members or closely related persons.
Objectlves & Artlvltles
The primaryobjectNe of the PCC is the promotion of the Gospel of our Lord Jesus Christ accordin8 to the doctrines
and practices of the Church of England. The PCC is required to cooperate with the incumbent. in promoting in the
eccleslastlcal parish, the whole mission of the Church, pastoral, evangelistic, soclal and ecumenical.
Public Benefit
The trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due
regard to the Charity Commission'5 general guidance on public benefit. 'Charities and Public Benefit..
The PCC promotes the whole mlsslon of the Church through the followin8 artivities- regular public worship open
to all- the provision of sacred space for personal prayer and contemplation,. pastoral work including visiting the
Sick and the bereaved; teaching of Chri51ianity through sermons, courses and small groups,. promotion of
Christianity through staging events and meetings (some ecumenicall, and the distribution of literature,. supporting
other Charities in the UK and overseas; promotin8 an interest in mu51C through concerts and recita15, the training
of choristers and adult singers,. and the provision of Christian hospitality, refreshment and friendship to visitors
via our Church Halls. Our Halls are also made available to a number of special needs groups. We try to makè the
church as open and accessible as possible throughout the daylight hours for both church members and the wider
community.
Achievements and Pèrfomiance:
Church Attendance
The average worshipping community was 15912024: 1301 adults and 1312024: 91 childre
The total attendance on Easter Day was 19912024: 1841
The totsl attendance on Christmas Eve and Christmas Day was 79512024.. 76311
There were 712024: 91 baptisms and 3512024: 31) funeral services and 312024: 11 weddings held in church
Electoral Roll
There are 84 on the Church Electoral Roll as at April 2025. This followed a total revision of the roll nationally,
which usualty leads to a drop in flguresl The next total revision 15 in 2031.
The Busine$5 of thè PCC 2025
The PCC is updated on Safeguardln8 at every meeting and followed safeguardirE and GDPR requirements
PaEe 2 of 15

The Churth of St Nlcholas, North Walsham
Report of the Parochlal Church Council {Continued)
For the year ended 31 December 2025
Achievements and Performance leontinued):
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 incoming resources forthe yearamounted to £115,06612024: EIOI.1311.
Total resources expended were £96,27512024- £103.894I resulting in a net surplus of £18.79112024 (net deficit):
£2,7631 The surplus has been added to the relevant fund balances brought forward and at the balance sheet date,
total funds amounted to £74.92912024.. £56,138).
Revlew of the Year
2025 saw the arrival of a stipendiary curate and we have benefitted hugely from the presence and ministry of
the Revd Dan Krawczyk amongst us. David became Rural Dean, as well as a Training Incumbent and a father,
which would seem to be Sufficient'ne￿ roles for a year!
We said thank you and farewell to Sheila Ford as she retired as our administrator- the roll was then CoVe￿d for
122 months by Matthew Bond, for which we were grateful.
The annual round of services and events continued and it Is good to note that Christmas and Easter attendance
are back at pre-pandemic levels and show a distinct year on year Improvement across the board. We continue to
offer Noly Communion on a rota basis at all of the care homes in the parish, as well as to people in their own
homes. We are grateful to our team of Authorised P35toral Assistants for their support across the'patch. and
particularly in offering a presence each Thursday in church.
David serves ès chaplain to the North Walsham Hospital, the Royal British Legion and the Norfolk Constabulary*
as well as being a governor at North Walsham JMI. We are pleased to be invited into a burgeoning relationship
with NW High School and we seek to work closely with civic representatives, as well as our local funeral directors
and all who seek our 5UPPOrt and involvement.
We held consultations with congregation and stake-holders for the beginnings of the Nicholas Projèct and
though a plan of this size and scale is a 'slow-burn' things are underway behind the scenes and we're grateful to
the support from Ben and Louise, working with the Major Churches Network who have provided invaluable
Ifreel professional advice.
We are 8rateful to all who take any part In the life of the parish, and all who give so greatly of their time, talents
and finances to enable what is done for God and his people here. Thank you all.
Page 3 of 15

The Church of St Nlcholas, North Walsham
Report of the ParochSal Church Councll {Contlnued)
For the year ended 31 December 2025
Par¢xhial Church Councll responslbllltles
The PCC members are responsible for preparing the Trustees, Annual Report and the financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Klngdom Generally Accepted
Accounting Practice).
The trustees are required to prepare financial statements for each financial year, which give a true and fair view
of the state of affairs of the charity and of the incoming re50urces and application of resources, Includlng income
and expenditure of the charity for that perbd. In preparing these financial statements, the tnJ5tees are required
to..
selert suitable accounting policies and then apply them consistentlv;
obsetve the methods and principle5 in the Charities SORP-
make judgments and estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed, subject to any materlal departures
disclosed and explained in the financial statements,. and
prepare the financial statements on the going contern basis, unless it is inappropriate to presume that the
charitable company will continue in operation.
The PCC members are responsible for keeping adequate accounting records that disc105e with reasonable accuracy
at any time the financial posltion of the charity and enable them to ensure that the financial statements complv
with the Charities Act 2011. They are also responsible for safeguarding the assets of the charitable charity and
hence for takin8 reasonable steps for the prevention and detection of fraud and other irregularwties.
Independent Examlner
Mr A Orves FCCA FCA is willing to continue as independent examiner.
A proposal regarding the reappointment of MrA Orves FCCA FCAwill be made at the forthcoming Annual parochial
Church meeting.
Approved by the PCC on ......-. . .
ZolG
. and signed on thelr behalf by:
The Rev David Warner- Vlcar
Ms Petra Durham-church Warden
Page 4 of 15

The Church of St Nlcholas. North Walsham
Independent Examinerfs Reportto the Parothial Churth Council of the
Church of St Nlcholas, North Walsham
For the year ended 31 December 2025
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December
2025 which are set out on pages 6 to 15.
Respon5ibilltles and basls of report
As the charit(s trustees you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Art 20111'the ACYI.
I report in respert of my examination of the charIt￿S accounts carrled out under 5ertion 145 of the Act and in
arrying out my examination I have followed all the applicable Diredions given by the Charity Commission under
section 145{5llbl of the Act.
Independent examlner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connectlon
with the examination giving me cause to belleve that in any material respect-
accountin8 records were not kept in respect of the charity as required by sectlon 130 of the Art; or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concernlng the form and content of accounts
set out in the Charities (Account5 and Reports) Regulations 2008 other than any requirement that the
accounts give a 'true and fair view, which is not a matter considered as part of an independent examination,
I have no concerns and have come across no other matters In connertion with the examination to which attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
A Orves FCCA FCA
For and on behalf of Sexty & Co
Chartered Certified Accountants and Registered Auditors
124Thorpe Road
Norwich
NRI IR5
Page 5 of IS

The Chur¢h of St Nlcholas, North Walsham
Statement of Flnanclal Artivltles
For the year ended 31 December 2025
Total
2025
Total
2024
Note Unrestrirted
Desl8nated
Re5tTlrted
INCOMING RESOURCES
All giving, voluntary &
collection receipts
Planned giving
Donations
Legaties
GrantslVAT Reclaimed
Gift Aid recovered
Investment income
Fee5 weddinglfunera15
Church activities
Trading income
Rental Income
Other Income
5a
5b
sc
7,140
31,866
10,874
7.140
31,866
17,123
8,815
30,278
12,164
2,500
1,698
10,231
1.171
3,546
9,246
20,438
642
5,607
sd
10,468
1,435
4,013
4,882
20,110
10,000
1,131
10,468
1,435
4.013
5,866
26,024
10.000
1.131
se
Sf
266
718
5,914
1,044
Total Incomlng resources
101,919
12,239
115,066
101,131
RESOURCES EXPENDED
Parish share
Cler8y and staffing costs
Church running expenses
Church trading costs
Mission giving and
donations
Building work and repairs
Other expenditure
Cost of 8enerating funds
30,000
10,306
18,212
18,807
30,OD)
13.509
18,212
18,807
37,330
9.557
19,157
19,103
6a
6b
6c
3.203
90
13,534
4,546
577
6d
6e
8,429
2,654
2,994
1,498
11,423
4.324
172
Total resources expended
88,408
172
7,695
96,275
103,894
Increaselldecrease) in funds
13,511
736
4.544
18.791
{2,7631
Increase / Idecreasel in
market value of investment
191
Net {Decrease Ilncrease In
funds
13.511
736
4.544
18,791
12,5721
Reserves brought fon¥ard
at l January 2025
7,952
6,057
42,129
56,138
58,710
21,463
6,793
46.673
74,929
56,138
Transfers
11,3031
11001
1,403
Reserves ¢arrled forward at
31 December 2025
20,160
6,693
48.076
74,929
56,138
Page 6 of 15

The Church of St Nlcl)olas, North Walsham
Balance Sheet
For the year ended 31 December 2025
2025
2024
Fixed Assets
Investments
8,555
8,555
Current assets
Debtors & prepayments
Cash at bank and in hand
9,995
73.693
4.608
60.762
Total Current assets
83,688
65.370
Current Ilabllltles
Creditors
amounts falling
due within one year
io
17,314
17,787
Net current assets
66,374
47,583
Total net assets
74,929
56.138
Parish fvnds
General
Designated
li
li
20,160
6,693
7,952
6.057
Total unrestrlrted
26,853
14,CKJ9
Restricted
li
48.076
42.129
Total lunds
74,929
56,138
Approved by the Parochlal Church Councll on......-. ..... ...-............
. afid slgned on its behalf bv:"
The Rev D Warner-vicar
Ms Petra Durham- Church Warden
Page 7 of 15

The Church of St Nicholas, North Walsham
Notes to the Flnanclal Statements
For the year ended 31 December 2025
ACCOUNTING POUCIE5
Basls of preparation
These accounts (financial statements) have been prepared underthe historical cost convention with items
recognised at cost or transaction value unles5 Otherwise stated in the relevant notes to these accounts.
The financial statements have bèen prepared in accordance with the Statement of Recommended
Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republi¢ of Ireland IFRS 1021 issued in October 2019 and
Flnanclal Reporting standard applicable in the United Kingdom 3nd Republic of Ireland (FRS 1021 and
Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRSIO2.
Investment assets are shown at fair value at the year end.
These accounts are prepared on an accruals basis and Include all transactions, assets and liabilities for
which NWPCC is. law. responsible.
These accounts exclude the accounts of church groups {e.g. Mother5 Union) where these are affiliated,
mainly, to another bodyi or where these are informal groups of Church members.
Ilbl
Flxed Assets
Consecrated and benefice properties are not included in the accounts in accordance with SIO12) lal and
Icl of the Charities Act 2011.
Moveable Church fumishings, plate, etc. held by the Wicar and Churchwardens on special trust and which
require a faculty for disposal are inalienable property. These are listed in the Church's inventory and may
be inspected at reasonable notice.
Income received which is spetifically directed to the acquisition or improvement of Church property,
furnishings or fabrlc is recogni5ed in the Church accounts when received and the torresponding
expenditure is shown in the church accounts when It is incurred. Any small value items are normally
written off as incurred.
l{cl
Reserves
It is the policy of the PCC to:
Use reseNes in practical ways that promote and sustain the pastoral, evangelical, social and ecumenical
mission of the Church rather than holding on to them unnecessarily or without specific purpose. It wishes
to demonstrate the principles of accountability and transparency by clearly stating its intentions to the
congregation and the comrnunity which it serves. It is also policy to review all reserves at least annually
with a view to bringing foNard suitable expenditure project5 or Iwhere permissible in law) re-assigning
balances.
l{dl
Incomln8 Resources
Collettlons and donations are recognised when made.
Income Tax recoverable on gift aid donations is recognised when the income is recognised.
Income from the letting of thurch premises Is accounted for when earned.
Funds raised by the fete and similar events are accounted for gross.
Sales of books and ma8azines from the church bookstall are accounted for gross.
Parochial Fees due to the PCC for weddings. funerals etc are accounted for on an event by event b35i5.
Government grants are recognised when the charity has entltlement after any performance conditions
have been met, it is probable that the income will be received 3nd the amount can be measured reliably.
If entitlement is not met then these amount5 are deferred.
Page 8 of 15

The Church of St Nicholas, North Walsham
Notes to the Flnancial Statements Icontinued)
For the year ended 31 Decernber 2025
2. Investments
21al The PCC has Dwnership, through Norwich Diocesan Board of Finance Ltd, of 370 Income share5 in the
CBF Church of England Investment Fund. The value of the shares together with income arising from year
to year is Restricted for the purpose of contributing to the cost of the Incumbenvs expenses.
2(b} Reserves, where prartical, are invested in the CBF Church of England Fund to attract a return.
2{cl The PCC does not normally invest separately for each fund, such that, where there is no separate
investment, interest is apportioned pro rata to fund balances.
3. Credhors
Creditors shown on the balance sheet are amounts falling due within one year and include any
Contingent Liability arisin8 from contracted services at valuation for which no demand for pa￿nent ha5
been received.
4. Debtors
Debtors shown on the balance sheet include any contingent Asset arising from amounts due in respect
of agreed grant claims from Grant Making Bodies where payment has not been received.
Page 9 of 15

The Church of St Nlcholas. North Wa15ham
Notes to the Financial Statements {Continued}
For the year ended 31 December 2025
5. INCOMING RESOURCES {Detsll)
Total
2025
Totsl
2024
Unrestrlcted
Designated
Rèstrlded
50
General Collettions
Collettlons Gift Aided
4.175
2,965
4,175
2.965
5.217
3,598
7,140
7,140
8.815
5b
Givlnglstanding orderl
Giving (Ènvelopes)
28,918
2,948
28.918
2.948
27.928
2.350
31.866
31,866
30,278
5¢
Wallboxes
Donations Candles
Donations- General
Donations- Gift Aided
Donations- Music Fund
1,504
1,007
8,363
642
2.146
1,007
8,363
607
5,000
1,532
1.016
4.295
321
5.000
607
5.000
10,874
642
5.607
17.123
12,164
sd
Grants-LPW
Grants- St Martin in the Field
1,698
1,698
Coffee morning
Flower Fund
Music Fund
Audio Trial
Bookstall
Fabric Fund
Other fundraising
1,355
1.355
718
1,388
938
90
20
570
307
5,933
718
266
266
3.527
3.527
4.882
266
718
5,866
9,246
sf
Halls Rental income
Ha115 Other income
Halls Fundraising Income
Church Rental Income
Magazine
20,110
20,110
13.594
230
1,830
4,134
650
1,385
4,529
1.385
4,529
20,110
5,914
26,024
20,438
Page 10 of IS

The Church of St Nicholas, North Walsham
Notes to the Flnanclal Statements (Continued)
For the year ended 31 December 2025
6. RESOURCES EXPENDED {Detail>
Total
2025
Total
2024
Unrestrirted
Designated
Restrirted
Clergy expenses
Salarieslhonoraria
1,420
8,886
1,420
12,089
1,114
8,443
3.203
10,306
3.203
13,509
9.557
6b
Gas & elertricity
Cleaning
Service Costs
Telephone.
Stationery
Profession31 Fees
Accounting costs
Insurance
4.838
46
642
4,838
4,167
642
545
Printing
3,945
3,945
3.176
2.370
1.356
7.543
1,376
7,365
1,376
7,365
18.212
18,212
19,157
6c
Halls Salaries
Halls Gas & Elertricity
Halls Cleaning
Halls Maintenance
Halls Water Rates
Halls Sundry Running Costs
Halls Equlpment
7,486
9.090
865
306
470
70
520
7,486
9.090
7.180
7,160
1.254
2.437
400
197
475
306
470
70
520
18,807
18,807
19,103
6d
Church Maintenance
Church Equipment
8,429
2,994
11.423
13.331
203
8.429
2.994
11,423
13.$34
Page 11 of IS

The Church of St Nlcholas. North Walsham
Notes to the Flnan¢lal Statements (Contlnued)
For the year ended 31 December 2025
6. RESOURCES EXPENDED (Detallllcontlnued
Total
2025
Total
2024
Unrestrirted
DesSgnated
Restrirted
6e
Organ TuninE
Sundry expenses
Bank charge5
Books/Register5
Church flowers
Choir expenses & Music
500
5CK)
2.504
150
172
861
137
975
2,328
62
171
877
133
2,504
150
172
137
2,654
172
1,498
4,324
4,546
7. Staff Cost5
During the yearthe PCC employed 6 {2024: 41 people, none ofwhom earned £60,000 pa or more.
8. Governance Costs
Independent Examlnation fees £92012024: £888) included in note 6b of resour￿5 expended.
9. Debtors and prepayments
2025
2024
Halls rental fees
1,633
2.507
5,855
9.995
118
Other debtors
920
Glft Aid reclalm
3,570
4.608
10. Creditors and accruals
2025
2024
Dlocean 8oard Fees
8,256
2,721
Parish Share
6,500
3,676
Tradin8 creditors
Charitable collections to be paid
4,168
4,890
17.314
4,890
17,787
Page 12 of IS

The Church of St Nl¢holas, North Walsham
Notes to the Financlal Statements (Continued)
For the year ended 31 December 2025
11. PARISH FUNDS SUMMARY
Opening
balances
Incomln8
Resources
Ovtgolng
Resourtes
Transfer5
Closlng
Balances
Unrestrlrted funds
General
Church Halls
7,952
81,809
20,110
{69.6011
{18.8071
20,160
11,3031
Total Unrestrlrted
7,952
101.919
{88,4081
11,3031
20,160
Designated Fund5
Energy Fund
Bookstall
Magazine
Legacies
Community Erowth fund
4,190
164
644
29
1.030
4,190
456
988
29
1.030
464
{1721
Iiooi
Total Deslgnated
6.057
908
11721
{iooi
6,693
Restrfrted funds
Clergy endowment
Halls development
Fabric fund
South Porch Repair Fund
Collettion for others
Audio trail
Archives
Music Fund
Youth Work Fund
owerfund
8,555
11,823
10,344
988
1,240
742
76
7,078
1,143
140
8.555
13,860
13.137
988
1,240
742
76
8,238
1.143
97
1,385
5,136
652
651
12,9941
5,000
13.8401
718
18611
loo
Total Restrlcted
42,129
12,239
17,6951
1,403
48,076
Tolal Funds
56,138
115,066
196.2751
74.929
Page 13 of 15

The Church of St Nicholas, North Walsham
Notes to the Flnanclal Statement5 (Continued)
For the year ended 31 December 2025
Parish Funds (Detail)
8alante
UNREsTRl￿ED FUNDS
General Fund
This is the main fund through which resources the day to day operations of the Church. The Church
costs more than £700 to run each week.
20.160
Halls Fund
This is the fund through which resources the day to day operations of the Church Halls. Any excess
monies are split 50150 between the Halls Development and Church Fabric Funds
DESIGNATED FUNDS
Energy Fund
This funds was created during the year following the receipt of a grant from The Dlocese of Norwich,
towards increasing enèrgy costs.
4,190
8ookstall
This funds a bookstsll creating interest within the church and offering material in support of the
Church's mission.
456
Magazine
The Church magazine N.E.W.S is an important meons ofoutreach to the local community.
988
Lega¢les
A legacy was received in the year which the family requested was used for a given purpose. At the
year ené a small balance remained to be spent.
29
Communlty Growth Fund
This fund is used to bring together various fattions within the town i.e. North Norfolk District Council,
Regenerate North Walsham, Community Centre, Funday etc.
1.030
RESTRICTED FUNDS
Cler8y Endowment
The Church holds shares. administered through the Diocesè, in the Church Board of Finance
Investment Fund. The fund was devised to contribute to the expenses of the incumbent.
8,555
Halls Development
This fund. with the restricted fund of the same name, is for the constant update and maintenance of
the Church ha115 to meet the requirements of a wide variety of users.
13,860
Church Fabric Reserve
This fund, together with the Church Fabric Fund IRestrictedl comprise the fabric reserve. The fund is
created from reserves to underwrite works on the church buildings,
13.137
Collection for Others
This represents the monies the church collects for other organisation5lcharltles.
1,240
Page 14 of 15

The Church of St Nlcholas, North Walsham
Notes to the Financial Statements {Contlnued)
For the year ended 31 December 2025
Parish Funds Idetall)Itontlnued
Audio Trail
This fund is for the malntenance and replacing the audio trail equipment, whlch provides visitors with
an audio guide to the Church and it history.
742
Archlves
This fund is for preserving the Parish Archive.
76
Muslc Fund
This fund supports the choir tours. trainin& fellowship, soclal needs, the provision of music and
general needs.
.237
Youth Work Fund
This fund is 5UPPOrting the youth actlvltles wlthln the church.
1.143
Flower Funds
This is for the provision of church flowers.
98
South Por¢h Repalvs
This fund is for the South Porch repairs needed
988
Total Funds
74,929
Page 15 of 15