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 attrAK*s canled urMJEr seclon 145 of the
2011 Act a￿1 In carying my exarThnation. I hDve folhjwed all Ihè •Ff*atle gven by
Cknly CoThwni55*Jn Lxthr Eection 14515Xb} of Ihe Act.
b&irg a walr￿d munl*rof 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 reqiireTh*rts 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
Im*è•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
l*og• Tr•n•f•r• b•tw••n
lknnd•- In
6.120
7.081
6,130
L*w• 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.

2. 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

3. 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.
UF*eep. 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•l*ng 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

4. 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
5. 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
6. 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.
7. 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.

8. 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