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← The Parochial Church Council Of The Ecclesiastical Parish Of St Nicholas, Dereham

2023-12-31-accounts

PAROCHIAL CHURCH COUNCIL of ST. NICHOLAS, EAST DEREHAM IREGlSfERED CHARITY NO.1133960) FINANCIAL STATEMENTS for the YEAR ENDED 315t DECEMBER 2023

ST. NICHOLAS PARISH CHURCH DEREHAM Contents Admini5tratfve Information Independent Examiners Certiflcate Statement of Financial ActivltSes {SOFAI Balance Sheet Notes to the Financlal Ststements Administrative Information PCC Members Chalr & Incurnbent Reverend Canon Paul Cubltt Churthwardens Shella Hanmer (Vice Chalrl Marlon Morgan Membets of PCC Kate Baldry Julle Benstead Melva Brunnln8 Thoma5 Cross Anne Eccleshall TIM Eccleshall Lynn Hearn Roger Hodson Robert Lake (Treasurer} Tracy Lea Mark Thorpe Susanne Warner to Apr'23 Contact Information Church Office, Church House, Church Stree¢ Dereham, Norfolk NRI 9 1 DN Telephone 01362 693143 email: Principal Bankers CCLA Fund Managers Ltd Manager of the COIF Charltle5 Deposlt Fund One Angel Lane London EC4R 3AB Co-operative Bank plc P.0. Box 101 l Balloon street Manchester M60 4EP

THE CHURCH DF ENGLAND OirJc&e of Norwich Independent Examiners Certificate PAA o CCbup4CIL ZDZ3 Chwlty no Illwl: I reFort to Iho trLth6 on rny examlrollon (rf th8 1￿court8 knve charfty fthE TnAf) for ar erwjed Ihe chBrilYs tnBtee5, you are wnsib￿ for Ihe wewalion of accfAwts in acci>rth wlh the re￿￿eTh￿S cl th2 Ch￿1￿8Act 2011 Acr). I rep)rt n reBpeGt of my eX￿l￿tIOn of Ihe TN8fs attrAKs canled urMJEr seclon 145 of the 2011 Act a￿1 In carying my exarThnation. I hDve folhjwed all Ihè •Ffatle gven by Cknly CoThwni55Jn Lxthr Eection 14515Xb} of Ihe Act. b&irg a walr￿d munlrof I J]. [ J rfnol app1￿•b￿. Co￿lIDn with ts exanlnatKJn (011￿ thon Ihat dBcIoBed tsèlN'}wtach gl¥e# n to boli that in. any miterial regpect." lh8 accounlwu record6 were rnt in acC￿￿nCe wilh secti￿ 130 aflhe CIMrilies ￿1. or Ihe accountB dKI mt accord with th2 accountirvJ recori'. or tr accowrts dky not coryty wth aFykatle reqiireThrts co￿en￿r￿j Ihe form WKI cortent al accowts set oul In the Cha￿leS Ipuourts and RepNts) Regulabons 20(￿ oltw tkn any rewirern8nt that lh8 aGcoLwts we a'kn* aTrJ whch is not a maiter conBMknred a$ pjrt rA I hw48 no cO￿emS and ha￿ ceme acrosB Tr) othÈr Matt6￿ in c(￿r￿clOTh wilh the eX￿11￿1￿)n lo wlKh allert￿n 6fKwld be thawn In IIMS rep)rt in order to erth a WOFer urvJeT61arthw (rf Ihe s￿ne¢t 28-03-2oZ IER Ort20

Statement of Financial Activities (SOFA) fortrE yEar endirvJ 31 DECEMBER 2023 Not•Unrngtrl¢t•d D•slgnat•d nd• Fund• •tr1¢t￿ Wowm•nt FurK Fund• 2023 8alan¢• 2022 Inc(ffi• Voluntarylncome Inetyn• G•n•ration Other Income E 88,195 £ 10.272 È 10,015 2,424 É 14,416 £ 2,972 £ 1.440 £102,810 £ 13.243 £ 11.455 £ 2,424 £ 85,586 £ 14,437 £ 10.579 554 Incame from In￿tments Yotsl Ine¢n• 110.906 18027 129.733 £111,135 tpondltw• Pari8h Share 73,464 4.832 8.869 4,271 12,073 379 73,484 4,868 16,071 4,701 12,073 379 71,e26 3,378 17,648 4,588 7,889 2,557 2,018 e18 Clergy Church 38 8,661 521 Mu8lC 430 Offie Churitsble Th.￿n9 Fund Raiblng Co8ts S?￿M9￿Ce Costs 1,929 12 272 2,201 882 Cowwr Roorn. Toileth & tchen¥t 11,492 11,492 5,866 Tol•l •xp•ndStur• 106100 13A33 128,144 £118.382 tkncom• l •xp•ndliur• Unr•all••d O•lrVio•• on Imè•tm•ntA•••ts .osi 4,881 5.194 3.689 0.241 .903 -903 2,266 Clo•ure of B•ll IWno•M Aceount 487 -887 log• Tr•n•f•r• b•tw••n lknnd•- In 6.120 7.081 6,130 Lw• trin•f•rn b•lw••n lund• . out -7,081 .7,081 6,126 Pathnc•• •t1 J•nwry2023 42,481 2,545 30,318 38.413 113,757 121,287 B•l•n¢e• •131 O•c•mb•r 2023 40AO• 2,OQ4 37111 11B,087 £113.70•

BALANCE SHEET as at 318t Doc•mbor 2023 2023 2022 B•l•nce 8•lanc• FIXED A8SEf8 Tangibl• Fix•J A$8ets CURR￿ Ass￿8 Cuffent Account <CtrOpw8ti￿I C4¥h in Hand Saling$ ICCLAJCOIFI Bell Pelly Ca8h I￿10￿d0) 8.2 Inletlmenl A81et Petty Ca8h Dobtore & Prepaym•nl• £19.152 £185 £58.710 £18,910 £0 £58.416 £887 £38.413 £37,511 £5,742 £118,388 £115,557 LIABIUTle8 Cr￿l0￿ & Accrual• 4,811 TOTAL A88Ef8 l••• LIABILIT1&8 £115,557 £113,757 TOTAL NET ASSETS £115,557 £113.757 PARISH FUNDS Repre•gntsd ty Unreslrided Designated Re8trtcted Re8trfct•d Endovrnent £42,481 £30,318 £38,413 £37,511 TOTAL FUNDS £115,$57 £113,7S7 The financial statements were approved by the Parothial Church Council on 2024 and are signed on its behalf by.. The Reverend Canon Paul Cubitt Robgrt D. Lake (Trea5ur9r 2023)

NOTES TO THE FINANCIAL STATEMENTS 1, ACCOUNTING POLICIES These financial statements have been prepared under the Charities Act 2011 and in accordance with the Church AccountSng Regulatlons 2006 governlng the Individual accounts of PCCS. 1.1 ASSETS 1.1.2 Consecrated and benefice property In so far as consecrated and beneflce property of any klnd Is excluded from the statutory definitlon of 'charity' by Sertion 1012llal and Icl of the Charities Act 2011 such assets are not capitalised in the flnancial statements. 1.1.2 Moveable church furnlshings No such items have been purchased that requlre capltalisatlon at cost and éepreciatlon. All Items are Included In the Church's Inventory In any case. 1.1.3 Tan8lble fixed assets for use by charlty No such Stems have been purchased. for £1.000 or more. that requlre caplta115otlon at COSt ond depreciation. 1.1.4 Investments Investments quoted on a recognlsed stock exchange or whose value derlves from them is valued at market value at the year end. 1.1.5 Short term deposlts These are the cash held on deposlt wlth the CCLA. 1.2 FUNDS 1.2.1 Unrestrlcted Funds These represent the remalnln8 Income funds of the PCC that are available for spendlng on the general purposes of the PCC, Includlng amounts designated by the PCC for flxed assets for its own use or for spendlng on a future prolect and whlch are therefore not Included In its free reserve5, as disclosed In the trustees, report. 1.2.2 Restrlcted Funds These are Income funds that must be spent on restrlcted purposes and detalls of the funds held are shown in the notes to the accounts, 1.2.3 Endowment Funds These are restricted funds that must be retalned as trust capital.

  1. INCOME 2023 UnreBliicted t)8signated RoStrlct& Funds Funds Funds Restrtct•J Endowm8nl 2023 Total Total . Voluntary Incoffl• Pl￿ned Glk4ng Collectlons loFon plate) Cc41eclions (Bell Ringernl Ll)n•tion8 App8a18 ,080 4.397 120 58.180 4.819 55.223 4,988 157 9.852 10,519 10,888 12,870 15,779 2,475 12,201 1,704 14.074 2.475 15,548 1,238 Grant8 Legacl88 Incoma from Inw8tmnl8 2.424 2,424 b. Incom• G•n•r•llon Fundrni8lng Sale ol Rfjfr•tshm•rt• 7.670 2,801 2,972 10,642 2,801 12,754 1,883 c. Oth•f Incom• Tow8rd8 admln •xp•nse8 Renl for Playino Field In8urnnce claml4) Rofund6 & RecoK•rt88 U8• of Church Admln18trntlon Incom• Ministry Fee8 5,248 5,248 1,440 239 185 472 3,911 472 3,911 5,232 INCOME TOTAL 110,905 18,827 129,733 111,135

  2. EXPENDITURE 2023 slrioled DesignAtgJ Funds Fund8 Reslricted FurKI8 Total 2023 Total 2022 Parlth Sham Diocesan Parish Share 71.828 Cl•r9y Qerpy EX￿n883 Othgr Mlnislry Cost8 4.419 412 4,419 3.119 Runnlng & Malntonanc• ol Church E￿rgY surn1￿e 6.051 6,051 6,861 1,198 1,751 4,337 8.107 8,661 Repalfs & Malnlenance Rcof Se¢￿tY Othw Cos16 9.g. ¢Jecoratlon. UFeep. membgTrhSp8 820 1.751 378 287 143 410 1.008 Mudc rg¢l¢y of Musl¢ Ilncl. Ilxuml Mu8ic & Slrewnlng LI￿n80 Fees Organ & Plano Maintengnce 3.879 3,879 3,979 3W2 430 430 275 offl Bonefice Admlnislralor Runnlng 88nafic8 Offic 7,854 4,419 7,854 4,419 4.249 Chadtabl• Glvlng PCC Chariti88 379 379 2,557 Fund R•lng Co M18C. 272 2,201 2,018 Oth•r Expon*• Other Parish Expen8e8 Professional Fees 12 450 Cowp•r Room, Tollots & Kltdwn•tte Architect Fees 11,492 11,492 EXPENDITIRE TOTAL 105,89) 8,861 13.633 126,144 116.382

  3. STAFF COSTS & FEES PAID During the year the PCC paid for the services of a parlsh admlnistrator arnd a Dlrector of Music. 2023 2022 £11,533 £7,619 Wages and Salaries Av. No. Employees The Clergy team were pald travel, other agreed expenses and other mlnlstry costs. 2023 2022 £4,868 £3,379 Clergy Expenses & Other Ministry Costs The PCC will pay for these accounts to be examined. 2023 £500 2022 £450 Independent Examiner's Fees

  4. FIXED ASSETS 5.1 Tan8lble Flxed As5et5 5.1.1 Land on the corner of Westfleld Road and School Lane Tof￿00d. It Is rented from the Church by Dereham Town Councll for use as a play area. 5.2 Investments Flxed Assets Value at 31.12.23 E Dereham COE Mlddle School Fund £37,511 Value at 31.12.22 £38,413 Net GalnlLoss -£903
  5. DEBTORS & PREPAYMENTS 2023 £53.50 £78.80 £39,42 £997.60 £1.169.32 2022 £50.86 £78.80 £1,014.48 CCLI (Church Muslc copyrlghtl BNP Parlbas (Photocopler Lease) -on Next IElectricl to 31112 E-on Next IGasl Total Prepayments £1.144.14 These prepayments have not been included withln the accounts because there is to be a change of treasurer in 2024 and a need to align to bank statements to setup new accountlng software whlch wlll be used In 2024.

  6. LIABILITIES: 2023 Total 2022 Total £599.24 £450 £1049.24 E.On NextlGasl Independent Examiner's Fees Total LSabllltles £500 £500 Thls liabillty has not been Included wlthln the accounts because there Is to be a change of treasurer Sn 2024 and a need to allgn to bank statements to setup new accounting software which wlll be used In 2024.

  7. FUND DETAILS Fund Movement Summary 8•l•nce at 01.01.23 Inccrfnir¥J Resou￿e$ ckrtgclng R860ur¢e8 Tr8n$f•r8 Gains and Lcoses Bal#nc• at 31.12.23 Ihe PCC ReBtricbJ Endowfnent fuTrts comwse.. C￿haM COE Middle Sch 38.413 38.413 -903 37,611 37,S11 The PCC Restricted lJThls comprise., aell and T(Mer FuTrJ 150 1,017 Bell RirMJern Petty C88h Buikjlng Prr4ecl Fwd Childrens Ministries FUTr Fabric Fund Fellowship Account Flo%w Account Music Fund ¢>gan FUTr Roctor & Chwchward8ns Sarttuary FIo4wB Fund 18,505 73 1.440 811 165 -11,675 347 13,382 679 6,202 107 78 1,523 4,901 6,682 282 30,318 478 -s80 -130 -135 -295 458 -102 -14,520 347 7.611 160 262 1,380 4,613 6.325 150 18.943 150 30.fj87 Th8 PCC De81gnat•d knd• conpd8•". Ins￿•￿ Fund Flow•r Accwnl 4.661 81XJ ,661 1120 2.004 The PCC Unr•#tricl•J FuTrJ$ cornpdie.. Ge￿r81 FuThl 42.481 110,905 .105,850 -7081 Toto1• Fund8 11 767 911 -207 1165S7 8.1 Insurance Fund The PCC saves money into thls designated fund to pay the annual insurance prernium. 8.2 Bell Ringers Petty Cash Fund Thls fund, Is used by St. Nlcholas Bell Rlngers to pay for heating in the Bell Tower, bell ropes and other sundry expenses. On the request of the Bell Rin8ers the PCC h35 declared no interest in thi5 fund, returned control of the monles therein to the Bell Ringers and closed the fund.

8.3 Investmènt Gains The 2023 investment gains from all fund5 Iri the CCLA COIF account have been added to the General Fund. In early 2023, the PCC agreed to concentrate the Investment gains made during 2022 between the two m05t active funds, which were the Fabric and Building fund5. 9. RESTRICTED ENDOWMENT FUND The Restricted Endowment Fund Is held In Tnjst for the sole beneflt of The Dereham Church of England Junior Acaderny and is administered by the Diocese. Dividends are paid direct to the Trustees for the benefit of the school. 10. CHARITIES SUPPORTED IN 2023 Donatlon5 were collected for.. Royal Air Force Associ81ion Royal Brilsh L8glon £118 £233 Donatlons were also collected for.. Bishop's Gaz8 App881 Childrens Socielylchrisllnglesl These monies will be paid in 2024. £889 11. ASSOCIATED CHARITIES There are two independent charities associated with St. Nbcholas both of which are registered with the CharSty Commlsslon. 11.1 The Friènds of St Nltholas Thls charSty w35 revlved In 2023 wlth the alm of ralsln8 money for the Church. 11.2 The Church Estate and Headboroush Charlty Thls charlty is admlnistered by a Management Commlttee on behalf of the Trustees. The trustees are the member5 of the PCC. Church House, Church Cottage and the Garden Allotments are held In trust for the Charlty. The PCC uses Church House free of charge for all It5 actlvlties Includlng the Parish Offlce, meetln8 rooms and Church Hall for soclal events, fund ralslng actlvltle5 and meetlngs. The PCC pays a contributlon toward5 ener8y Costs. 10