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2021-12-31-accounts

PAROCHIAL CHURCH COUNCIL of ST. NICHOLAS, EAST DEREHAM IREGISTERED CHARITY NO. 11339601 FINANCIAL STATEMENTS for the YEAR ENDED 31st DECEMBER 2021 Prepared by: Aff inity A550ciates {EA) Ltd ACCA Accounts

ST. NICHOLAS PARISH CHURCH DEREHAM Contents Administrative Information Independent Examiners Certificate Statement of Financial Activities ISOFAI Balance Sheet Notes to the Financial Statements Administratlve Information PCC Members Chair & Incumbent Reverend Canon Paul Cubitt Wardens Sheila Hanmer (Vice Chair & Deanery Synod Representative) Marguerite Ottyto May'21 Marion Morgan fromJune'21 Elected Members First Elected 2021 2020 2016 to Dec'21 2020 2016 2017 to Dec'21 2021 2018 to Mar'21 2017 Kate Baldry Ann Betts Richard Bower IDirector of Music} Melva Brunning (Co-opted) Barbara D'Arts (Deanery Synod Repre5entative} Lynn Hearn Roger Hodson Ann Johnston Robert Lake (Treasurer) Sonja May (Safeguarding Officer & Deanery Synod Representative) Dinah Reed (Secretary) Evelyr7 Speed Gary Sutton 2020 to Aug'21 2020 2018 2020 to Oct'21 Contact Information Church Office, Church House, Church Street, Dereham. Norfolk NR19 1 DN Telephone 01362 693143 email.. h.office.dereham mail.com Principal Bankers CCLA Investment Management Ltd COIF Charity Funds 80 Cheapside London HSBC UK 1 Market Place Dereham Norfolk NR191DY EC2V 6DZ

Independent Examiner's Certificate for the PCC Accounts Report to the trustees of: On accoun15 for the year ¢nde41.' 31 Decemb￿ 2021 St. Nicholas. Fast Derebam Parochial Church Council Charity Number (if applicable).. 1133960 Respe¢tSvt ruponslblllti oftruatees gnd ex•mlDcr banty'$tsUSt￿$¢Or￿ththtt￿ a￿171 is forthL'S y¢•ruTrlers 144 of theCtrwiii4sAct 2011 ltheClri¢its A¢tl Jty tewosThiility tsi. il emm1D¢th¢x￿WI 145 ofth¢ChllntM A¢( b) to foikW lllKI thjwn itt tht8¢ncr81 8iven bythe C1Mnty 145(5Xbl oftheCtiwiii¢5 ACL BA911 ol IndepeDdenl txamlner's stltemeol My exarniM¢xi w88 ¢•fTiAI with the8¢fml Thr￿110￿5 8ivmby the irK]￿je1C0￿￿i￿ of•Dy Itc￿ord￿￿)$UX5 ID th¢xeoun 'trK flir, view rwi li limittyj to Èn thc thiemutt IDd¢p¢DdeDt ex4mlnr's itht¢m¢Dt kn¢orDa￿Withl￿y¢X￿￿Mtsffjm) my m my opl￿N￿¢￿￿)n thu]d bE itiothb)ui•bk•pTQP Slgned: D#t*: N•m¢: Ricbard John Turner BA (Hoos) FFA F￿A FIPA AffiDity Al￿￿11￿ (EA) L ACCA Accoutttststs Addreu: 24E Norwieth Stre¢t Dereh•m Norfolk NR19 IBX IER

statement of Financial Activities (SOFA) fortrE SEareTrJirwJ 31 DECEMBER2021 2021 2020 rK• Voluntaryln¢me Inwrne GEne￿￿1Th Cth8r Inc￿8 75.967 16fi69 11M9 2.461 78A2B 16010 12.925 4.807 87.594 612 1236 11.462 141 hwme from In￿￿￿nts 63 TfAal kn¢onhi 104 J31 4JOO 112J70 91172 E%pndur• Pwlih Sharn Clargy Churr •J6lc 71.966 71M6 2JaS 13137 4236 7299 563 81 73204 2.159 16.307 11.397 4236 7299 583 81 7287 Ch•rti•N• GI￿n9 Fund Raisino Colts OtherkMunts GomAnLCoits 254 479 479 330 99.8•$ Tot•1 ¢xp•￿knr• 2,440 100W41 N•t Incon l•xprxlknr• Unr••Va•d GI1￿01$ on Inwitm•Dt A•••l• P4uif8d ks8tlBell Rlnqern TrnMhi b•tsv••n lJ•8 400 12.123 43 .7WI 446 346 e•knn¢•• •¢ i JIn￿ry2021 Al￿￿￿•nItaAcCaUn1• 47,774 42 25M11 35.879 108fft4 40 116218 ne•• •t31 D•¢•fflb•r 32.711 27*71 40M79 121311 i P•tyCo•h not Indudod In b•i•n

BALANCE SHEET as at 31st December 2021 Note 2021 B•lanc• 2020 Balanee FIXED AssErs Tangible Fixwj Assets CURRENT ASSErs Debtors & Prepayments Inwstmenl Asset Cash al Bank 4.172 40.679 77.391 1.118 £2,712 £35.879 £71,097 Cash al Bank INatiwwJe} Cash In Hand 123.365 £109,693 LIA81LITIES -2.095 1.029 TOTAL ASSEfs 10•5 LIABIUTIES 121.270 £108,664 TOTAL NET ASSETS 121,270 £108,664 PARISH FUNDS R•pr••bntsd ty Unrestn¢led Designated Re81ncted Reslricled En¢*Th¥ment 43,390 2,589 34,812 40.679 £47.774 £25.011 £35,879 TOTAL FUNDS 121,270 £108,664 The financial statemenls were approved by the Parochial Church Council on 2022 and are signed on its behalf by.. The Reverend Canon Paul Cubrtt Robert O. Lake (Treasurer)

NOTES TO THE FINANCIAL STATEMENTS I. ACCOUNTING POLICIES These financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Resulations 2006 governing the individual accounts of PCCS. 1.1 ASSETS 1.1.2 Consecrated and benefice property In so far as consecrated and benefice property of any kind is excluded from the statutory definition of 'charity' by Section 10121131 and Icl of the Charitie5 Act 2011 such assets are not capitalised in the financial statement5. 1.1.2 Moveable church furnishings No such items have been purchased that require capitalisation at cost and depreciation. All iterns are included in the Church's inventory in any case. 1.1.3 Tangible fixed assets for use by charlty No such items have been purchased, for £1,000 or more. that require capitalisation at cost and depreciation. 1.1.4 Investments Investments quoted on a recognised stock exchange or whose value derives from them is valued at market value at the year end. 1.1.5 Short term deposlts These are the cash held on deposit with the CCLA. 1.2 FUNDS 1.2.1 Unrestricted Funds These represent the remaining income fund5 of the PCC that are available for spending on the general PLJrposes of the PCC, Including amounts designated by the PCC for fixed a55ets for its own use or for spending on a future project and which are therefore not included in its'free reserves, as disclosed in the trLJStees' report. 1.2.2 Restricted Funds These are income funds that must be spent on restricted purposes and details of the fLJnds held are shown in the notes to the accounts. 1.2.3 Endowment Funds These are restricted funds that must be retained as trust capital.

  1. INCOME Unrestricted Re$lricled Funds Funds Total 2021 Total 2020 a. Voluntary Income Planned Giiing - Gift Aid Donations Planned Giilng - Tax recO￿rea Planned GiI4ng without Gift Aid Collections (open platel Donations Leg￿leS Collections for Charity OlheT 41.725 15.073 7.852 3,782 6.536 1,QC() 120 41.845 15,454 7,852 3,782 8,4 1,000 46,803 13,071 8,186 2,960 11.250 5,000 324 381 63 b. Income Generation Fund Raising Sale of Refreshments 16,239 430 141 16,380 430 529 Other Incomo From Villages IN8rds expense$ Rent fr)r Playing Field Refunds & Reco￿rieS Administration lrtome Ministry Fees 6,887 6,887 1,236 295 63 6,787 1.218 1,236 295 63 4,443 4.443 3,365 d. Income from Inve*monts COIF Interest 141 INCOME TOTAL 104,332 3.838 108.170 99,872

  2. EXPENDITURE Un￿trict￿j Funds Restricted Funds Total 2021 Total 2020 Parl•h Sharn Diocesan Parish Share 71. 71.966 73,204 Cl•rgy Clergy Expenses Other Ministry Costs 2.289 2.289 1,505 Runnlng & Malnt•nanco of Church 16,307 Energy Insurarte 2,923 5,750 218 2,923 5.750 Repairs & Mainlenarte RD)f Security Other Costs 2,IA7 2.L%7 2,188 1.750 Mu•l¢ 'wtor of Music {incl. locum) Music & Streaming ￿'CenSe 3.919 3,919 317 317 Othor Offl¢• Beneffice Adminislrntor Running Beneficg Office 3,2¢XI 3.2CQ 3.550 3,717 Charltable Glving PCC Chanlies 324 30 Other Chantie8 Fund R•l•bng C+>•l• Misc. 81 81 Oth•r Accounts Other PCC Account8 {2020) 254 Other E¥wnw• Other Parish Expenses ProfessIL￿al Fee5 129 129 350 350 EXPENDITURE TOTAL 98.4 1CQ,846 99,895

  3. STAFF COSTS & FEES PAID 2021 £7,119 2020 £6.654 Wages and Salaries Av. No. Employees Durin8 the year the PCC employed a parish administrator, a Director of Music (also organist). The Clergy team were paid travel and other agreed expenses totalling £2,289.41. Our Director of Music has also been a member of the PCC during 2021: he does not attend or vote on PCC agenda items that Involve discussion of his remuneration. Independent Examinerfs Fees £350 £350

  4. FIXED ASSETS 5.1 Tanglble Flxed Assets 5.1.1 Land on the corner of Westfield Road and School Lane Toftwood This land was purchased in 1961 for £250. It is rented from the Church by Dereham Town Council for use as a play area. 5.2 Investments Fixed Assets Value at 31.12.21 E Dereham COE Middle School Fund £40.679 Value at 31.12.20 £35,879 Net GainlLoss £4.800
  5. DEB TORS 2021 Total £4172 2020 Total £2,712 Other Debtors & Prepayments

  6. LIABI LITIES: 2021 Total £2095 2020 Total £1.029 Credltor3 for soodj and Jervice3

  7. FUND DETAILS Fund Movement Summary omir¥J Resources Rescarn In￿stment Balance at ExperKled Gan 31.1121 01.01.21 The PCC Restricted Endth¥matt ￿ndS ccynprise.. Dereh8m CeE Middle Sch .879 34879 40.679 40,679 The PCC Restricted Imds ¢￿prise.. Fabric Fund Orgart Fund Muslc Fund The Bdl and Tomryr Fund Buildirg Project FuTrd Sanctuary FIowEfs Fund Childrens Ministries Fur 4327 &370 1.236 4.874 6.183 1.523 1.187 1.375 10 11736 13,300 362 170 $92 632 FdlowsP¥'p Account FloY￿r Accwnt Rector & Churctrhvwdens Bell Ringers Petty Cash 121 135 -14 n7 6,737 1,118 34,612 1.117 6,491 31,748 The PCC Designated funds comprf8e'. Annual Insurance Admin Expenses 2,311 5,750 2,661 28 28 2.311 6,028 5.760 8.1 Music Fund The PCC resolved during 2021 to split the Organ Fund of 2021 into separate Organ and Music Funds. 8.2 The Bell and Tower Fund The PCC agreed during 2021 that an adjustment should be applied to this Fund so that it matched the expectations of the Bell Ringers. 10

8.3 Insurance Fund The PCC saves Money towards the annual insurance premium by transferring £500 per month of unrestricted funds into this designated fund. 8.4 The General Fund This unrestricted fund, comprising all other monies in all other accounts is not shown in the above table. 8.4 Bell Ringers Petty Cash Fund This restricted fund, is held entirely in one account. The money therein is used by the Bell Ringers to pay for heating in the Bell Tower, bell ropes and other sundry expenses. 8.5 Investment Gain The small investment gains from all funds have been added to the General Fund. 9. RESTRICTED ENDOWMENT FUND The Restricted Endowment Fund is held in Trust for the sole benefit of The Dereham Church of England Junior Academy and is administered by the Diocese. Dividends are paid direct to the Trustees for the benefit of the school. 10. CHARITIES SUPPORTED IN 2021 Childrens Society Royal British Legion S¢outs £207 £212 £144 11. ASSOCIATED CHARITIES There are two associated charities both of which are independently registered with the Charity Commission. 11.1 The Friends of St Nlcholas This charity was commenced in 2006 with the aim of rai5in8 money for the fabric of the Church. 11.2 The Church Estate and Headborough Charity This charity 15 administered by a Management Committee on behalf of the Trustees, who are also members of the PCC. Church House, Church Cottage and the Garden Allotrnents are held in trust for the Charity. The PCC use5 Church House free of charge for all its activities including the Parish Office. meeting rooms and Church Hall for social events, fund raising activities and meetings. The PCC pays a proportional contribution towards energy costs. 12. Historic Totals for 2020 These 2021 Accounts have been prepared by a newtreasurer and examined by new Independent Examiner using new accounting software, new nominals and new accounts structure. The 2020 Accounts, entirely correct. were prepared by the previous treasurer and independent examiner using other software, other nominals and other accounts structure. Where historic totals are shown it is likely that they will be on a like-for-like basis however it is PO55ible that some will not, particularly where totals have been aggregated. 11