THE PAROCHIAL CHURCH COUNCIL of ST. NICHOLAS, EAST DEREHAM (REGISTERED CHARITY NO. 1133960)
FINANCIAL STATEMENTS for the Year Ended 31st December 2025
Administrative Information
ST. NICHOLAS PARISH CHURCH DEREHAM Contents
Independent Examiners Certificate Statement of Financial Activities (SOFA) Balance Sheet Notes to the Financial Statements
Administrative Information
PCC Members during year ended 31 December 2025
Chair & Incumbent: The Reverend Canon Paul Cubitt Churchwardens: Marion Morgan Zane Martin Hajee
| Members | of | PCC: | Sheila Hanmer (Secretary) |
|---|---|---|---|
| Tim Eccleshall (Treasurer) | |||
| Julie Benstead | |||
| Thomas Cross | |||
| Anne Eccleshall | |||
| Lynn Hearn | |||
| Roger Hodson | |||
| Tracy Lea | |||
| Mark Thorpe | |||
| Susanne Warner | |||
| RichardBower |
| Contact | Information: | Church Office, Church House, Church Street, Dereham, Norfolk |
|---|---|---|
| NR19 1DN | ||
| Telephone 01362 693143 | ||
| Email:parish.office.dereham@qmail.com |
| Principal | Bankers: | Co-operative Bank plc |
|---|---|---|
| P.O. Box 101 | ||
| 1 Balloon Street | ||
| M60 4EP | ||
| CCLA Fund Managers Ltd | ||
| Manager ofthe COIF Charities Deposit Fund | ||
| One Angel Lane | ||
| London | ||
| EC4R3AB |
Se [nanan nll lini atacand
| peak | CHARITY COMMISSION | Independent examiner's report on the | FOR ENGLAND AND WALES accounts
Section A
Independent Examiner’s Report
Report to the trustees The Parochial Church Council of St Nicholas, East Dereham
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On accounts for the year | 31 December 2025 Charity no | 1133960
ended
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| report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 December 2025.
Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
| report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent | have completed my examination. | confirm that no material matters have examiner's statement come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:
-
e the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
e the accounts did not accord with the accounting records; or e the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts givea ‘true and fair’ view which is not a matter considered as part of an independent examination.
| have no concerns and have come across no other matters in connection 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.
- Please delete the words in the brackets if they do not apply.
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Name: | Richard John Turner
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Relevant professional | IFA/ FTA (Fellow Institute of Financial Accountants) qualification(s) or body
Address: | Affinity Associates (EA) Ltd, 24E Norwich Street, Dereham, NR19 1BX
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Statement of Financial Activities (SOFA) for the year ended 31 December 2025
| Unrestricted | Designated | Designated | Restricted | Endowment | 2025 | 2024 | |||
|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | Balance | Balance | ||||
| Income | £ | £ | £ | £ | £ | £ | |||
| Voluntary Income | £88,507 | £0 | £34,233 | £0 | £122,740 | £106,999 | |||
| Income Generation | £4,177 | £0 | — | £4,752 | £0 | £8,929 | £8,586 | ||
| Other Income | £12,074 | £0 | £1,535 | £0 | £13,609 | £13,543 | |||
| Income from Investments | £748 | £140 | £2,492 | £6,669 | £10,050 | £4,092 | |||
| Total Income | £105,506 | £140 | £43,012 | £6,669 | £155,328 | £133,220 | |||
| Expenditure | |||||||||
| Parish Share | £73,200 | £0 | £0 | £0 | £73,200 | £73,200 | |||
| Clergy | £4,524 | £0 | £0 | £0 | £4,524 | £4,732 | |||
| Music | £4,300 | £0 | £190 | £0 | £4,490 | £4,943 | |||
| Charitable Giving | £1,130 | £0 | £0 | £0 | £1,130 | £669 | |||
| Office | £11,412 | £0 | £716 | £0 | £12,128 | £12,849 | |||
| Church | £5,893 | £6,854 | £10,322 | £0 | £23,069 | £12,492 | |||
| CowperRoom& Toilets | £0 | £0 | £5,445 | £0 | £5,445 | £13,744 | |||
| Governance Costs | £499 | £0 | £0 | £0 | £499 | £474 | |||
| Finance Costs | £994 | £0 | £0 | £0 | £994 | £994 | |||
| Depreciation | £4,785 | £0 | £0 | £0 | £4,785 | £749 | |||
| Total Expenditure | £106,736 | £6,854 | £16,673 | £0 | £130,262 | £124,847 | |||
| Net Surplus | / Deficit | -£1,230 | -£6,714 | £26,340 | £6,669 | £25,065 | £8,373 | ||
| Transfers between Funds - in | £0 | £7,680 | £0 | £0 | £7,680 | £7,690 | |||
| Transfers between Funds - out | -£7,680 | £0 | £0 | £0 | -£7,680 | -£7,690 | |||
| Additions to | Fixed Assets | £0 | £0 | £0 | £0 | £0 | £20,000 | ||
| Balances at01/01/2025 | 01/01/2025 | £59,184 | 4 | fit | £43,545 | £38,489 | £143,930 | £115,557 | |
| Balancesat | 31/12/2025 | £50,275 | £3,678 | £69,884 | £45,158 | £168,996 | £143,930 |
| Balance Sheet as at 31 December 2025 | |||
|---|---|---|---|
| Note | 31/12/2025 | 31/12/2024 | |
| Fixed Assets | 5.1 | ||
| Office Equipment | £1,434 | £1,434 | |
| Less Depreciation | -£239 | -£84 | |
| Security Equipment | £2,596 | ||
| Less Depreciation | -£303 | ||
| Sound System | £20,000 | £20,000 | |
| Less Depreciation | -£4,993 | -£666 | |
| Total Tangible Assets | £18,495 | £20,685 | |
| Current Assets - Cash & Bank | |||
| Current Account (Co-operative) | £13,939 | £19,355 | |
| Savings (CCLA Account) | £40,281 | £65,377 | |
| Co-operative - 35 Day Account | £48,215 | £0 | |
| Co-operative - Instant Access Account | £2,883 | £0 | |
| Cash in Hand | £25 | £25 | |
| Total cash at bank and in hand | £105,343 | £84,756 | |
| Investments | |||
| East Dereham CoE Middle School Fund | 5.2 | £45,158 | £38,489 |
| Total Investments | £45,158 | £38,489 | |
| Creditors & Accruals | 7 | £0 | £0 |
| Total Assets less Liabilities | £168,996 | £143,930 | |
| Parish Funds represented by | |||
| Restricted Reserve - Building Fund | £51,098 | £19,064 | |
| Restricted Reserve - Other | £18,786 | £24,481 | |
| Designated Funds | £3,678 | £2,712 | |
| Unrestricted Funds | £50,276 | £59,184 | |
| Restricted Endowment Funds | £45,158 | £38,489 | |
| Total Funds | £168,996 | £143,930 | |
| Unrestricted Reserves | |||
| Co-operative Current account | £13,938 | £19,355 | |
| CCLA Account | £17,817 | £19,119 | |
| Cash | £25 | £25 | |
| Fixed Assets | £18,495 | £20,685 | |
| Total Unrestricted Assets | £50,275 | £59,184 | |
| AvailableUnrestrictedReserves | £31,780 | £38,500 |
The financial statements were approved by the Parochial Church Council on 4.5 March 2026 and are signed on its behalf by:
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4 “ Y K . A a XY v
The Reverend Canon Paul Cubitt Tim Eccleshall
4 |
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The Reverend Canon Paul Cubitt
Tim Eccleshall (Treasurer)
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 Accounting Regulations 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 10(2)(a) and (c) of the Charities Act 2011 such assets are not capitalised in the financial statements.
1.1.2 Moveable church furnishings
No such items have been purchased that require capitalisation at cost and depreciation. All items are included in the Church’s inventory in any case.
1.1.3 Tangible fixed assets for use by charity
All such items costing £1,000 or more, have been capitalised and appropriate depreciation applied.
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 deposits
These are the cash.held on deposit with the CCLA.
1.2 FUNDS
1.2.1 Unrestricted Funds
These funds are wholly under the control of the PCC and can be spent on any purpose deemed necessary. The funds include receipts such as income from collections, donations & legacies. Further, they can be used to pay for instance, all expenses and regular costs associated with running the church.
1.2.2 Designated Funds
These are funds that have been set aside out of unrestricted income for a specific purpose. The PCC of St Nicholas has created a designated fund into which it pays a monthly amount to pay the annual insurance premium.
This fund can be reallocated or returned to unrestricted funds at the discretion of the PCC should they deem it necessary.
1.2.3 Restricted Funds
These are income funds that must be spent on restricted purposes and details of the funds held are shown in the notes to the accounts.
1.2.4 Endowment Funds
These are restricted funds that must be retained as trust capital.
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2. INCOME 2025
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||||||||||
|---|---|---|---|---|---|---|---|---|
|Unrestricted|Restricted|Endowment|2025|2024|
|Funds|Funds|Funds|Total|Total|
|a.|Voluntary|Income|
|Planned|Giving|£51,310|£0|£0|£51,310|£54,452|
|Collections|(open|plate)|£4,221|£0|£0|£4,221|£11,162|
|Donations|£9|403|£9|620|£0|£19,023|£7,426|
|Appeals|£7,464|£0|£0|£7,464|£6,643|
|Tax|recovered|£15,558|£1,483|£0|£17,041|£14,269|
|Bell|Ringers|-|Income|£0|£2,710|£0|£2,710|£0|
|Legacies|&|In|memoriam|£120|£10,000|£0|£10,120|£13,047|
|Sub|Total|£88,076|£23,813|£0|£111,890|£106,999|
|b.|Income|Generation|
|Fundraising|£4,177|£0|£0|£4,177|£4,074|
|Sponsored|events|£0|£10,419|£0|£10,419|
|Organ|Recitals|£0|£2,605|£0|£2,605|£2,400|
|Christmas|Tree|Festival|£0|£2,148|£0|£2,148|£2,112|
|Sub|Total|£4,177|£15,172|£0|£19,349|£8,586|
|c.|Other|Income|
|Towards|admin|expenses|£7,730|£0|£0|£7,730|£7,409|
|Rent|for|Playing|Field|£0|£1,535|£0|£1,535|£1,497|
|Insurance|claim(s)|£0|£0|£0|£0|£0|
|Recoveries|&|refunds|£128|£0|£0|£128|£95|
|Use|of|Church|£145|£0|£0|£145|£160|
|Charitable|Collections|£733|£0|£0|£733|£0|
|Ministry|Fees|£3,475|£0|£0|£3,475|£4,145|
|Other|Receipts|£294|£0|£0|£294|£237|
|Sub|Total|£12,504|£1,535|£0|£14,039|£13,543|
|d.|Income|from|Investments|£889|£2,492|£6,669|£10,050|£4,092|
|Sub|Total|£889|£2,492|£6,669|£10,050|£4,092|
|INCOME TOTAL|£105,646|£43,012|£6,669|£155,328|£133,220|
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3. EXPENDITURE 2025
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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|Unrestricted|Designated|Restricted|Total|Total|
|Funds|Funds|Funds|2025|2024|
|Parish|Share|
|Diocesan|Parish|Share|£73,200|£0|£0|£73,200|£73,200|
|Sub|Total|£73,200|£0|£0|£73,200|£73,200|
|Clergy|
|Clergy|Expenses|£4,264|£0|£0|£4,264|£4,732|
|Other|Ministry|Costs|£260|£0|£0|£260|£333|
|Sub|Total|£4,524|£0|£0|£4,524|£5,065|
|Running|&|Maintenance|of|Church|
|Energy|£4,338|£0|£0|£4,338|£2,869|
|Bell|Ringers|-|Expenditure|£0|£0|£2,770|£2,770|£0|
|Insurance|£0|£6,854|£0|£6,854|£6,802|
|Repairs|&|Maintenance|£758|£0|£7,213|£7,970|£1,478|
|Security|Cameras|-£498|£0|£690|£192|£540|
|Other|Costs|£798|£0|£339|£132|£0|
|Sub|Total|£5,396|£6,854|£11,012|£23,261|£11,689|
|Music|
|Director|of|Music|(incl.|locum)|£3,924|£0|£0|£3,924|£3,924|
|Music|Fees|&|Costs|£376|£0|£0|£376|£1,019|
|Organ|&|Piano|Maintenance|£190|£190|£0|
|Sub|Total|£4,300|£0|£190|£4,490|£4,943|
|Office|
|Benefice|Administrator|£7,535|£0|£0|£7,535|£7,622|
|Running|Benefice|Office|£4|375|£0|£26|£4,401|£5,298|
|Sub|Total|£11,910|£0|£26|£11,936|£12,920|
|Charitable|Giving|
|PCC|Charities|£1,130|£0|£0|£1,130|£1,069|
|Sub|Total|£1,130|£0|£0|£1,130|£1,069|
|Cowper Roon,|Toilets|&|Kitchen|
|Architect|Fees|£0|£0|£5,445|£5,445|£13,744|
|Sub|Total|£0|£0|£5,445|£5,445|£13,744|
|Governance|
|Examiner's|Fee|£498|£0|£0|£498|£474|
|Sub|Total|£498|£0|£0|£498|£474|
|Finance|Charges|
|Operating|Lease|Payments|£994|£0|£994|£994|
|Sub|Total|£994|£0|£0|£994|£994|
|Depreciation|Charge|
|Depreciation|£4,785|£0|£0|£4,785|£749|
|Sub|Total|£4,785|£0|£0|£4,785|£749|
|EXPENDITURE TOTAL|£106,736|£6,854|£16,673|£130,262|£124,848|
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a
3.1 In addition to the Parish Share of £73,200 paid during the year and recorded above, a further contribution to the 2025 share of £3,200 was paid in January 2026 leaving £3,208 (4.0%) unpaid.
4.1 STAFF COSTS & FEES PAID
| During the year the PCC paid for the services of a parish administrator and a Director of Music. | During the year the PCC paid for the services of a parish administrator and a Director of Music. | During the year the PCC paid for the services of a parish administrator and a Director of Music. |
|---|---|---|
| 2025 | 2024 | |
| Wages and Fees | £11,418 | £11,502 |
| Av. No. Employees | 1 | 1 |
| The Clergy team were paid travel, other agreed expenses and other ministry costs. | ||
| 2025 | 2024 | |
| Clergy Expenses & Other Ministry Costs | £4,264 | £4,732 |
| The PCC paid for these accounts to be examined. | ||
| 2025 | 2024 | |
| IndependentExaminer'sFees | £498 | £474 |
5. FIXED ASSETS
5.1 Tangible Fixed Assets
Following an incidence of arson in the Church in February 2025, the PCC were required by their insurance company to upgrade the alarm system in the building. The new alarm system and associated sensors cost £2,596 so have been capitalised in accordance with Accounting Policy 1AB.
Current fixed assets and the associated depreciation at 31December 2025, are as follows:
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Value
Date of Dep'n | Dep'n | Total carried
Purchase | Cost b/f in year | Dep'n | forward
| Chubb 3420 Safe | Feb-24: £1,434: £84) £155; £239: £1,195 '
: Alarm system & Sensors | — Jun-25: £2,596 : £0 + - £303: —- £303: £2,293 :
Total Values | |¢24,030| £749| £4,785| £5,535| £18,495
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Depreciation has been provided at 10% per anum for the Safe and 20% per anum for the Sound System and the new alarm system, with all being on a straight-line basis.
5.1.1 Land on the corner of Westfield Road and School Lane Toftwood.
This is rented from the Church by Dereham Town Council for use as a play area. The rent is treated as restricted income allocated to the Fabric Fund.
5.2 Investments Fixed Assets / (See also - 9 Restricted Endowment Find)
| Value at | Value at | ||||||
|---|---|---|---|---|---|---|---|
| 31.12.25 | 31.12.24 | ||||||
| E | Dereham | CoE | Middle | School | Fund | £45,158 | £38,489 |
This Restricted Endowment Fund is held in trust for the sole benefit of The Dereham Church of England Junior Academy with the Trustees being the Rector and Church Wardens of St Nicholas.
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The PCC has no control over these funds which cannot be used for the benefit of St Nicholas.
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6. DEBTORS & PREPAYMENTS 2025 2024
Nil Nil
7. CREDITORS & ACCRUALS: 2025 2024
Nil Nil
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8. PCC Funds Movement Summary - 2025
| Balance at | Incoming | Investmen | Outgoing | Net | Net Gains | Balance at | ||
|---|---|---|---|---|---|---|---|---|
| 01.01.25 | Resources | Income | Resources | Transfers | &Losses | 31.12.25 | ||
| £ | £ | £ | £ | £ | £ | £ | ||
| Restricted Endowment Funds: | ||||||||
| (Dereham CoE Middle school) | £38,489 | £0 | £6,669 | £0 | £0 | £6,669 | £45,158 | |
| Restricted Funds | ||||||||
| Bell Ringers’ Account | £1,166 | £2,710 | £51 | -£2,770 | £0 | -£9 | £1,157 | |
| Building Project Fund | £19,064 | £35,938 | £1,523 | -£5,445 | £0 | £32,015 | £51,079 | |
| Childrens Ministries Fund | £680 | £0 | £31 | £0 | £0 | £31 | £710 | |
| FabricFund | £8,081 | £1,535 | £263 | =-£7,902 | £0 | -£6,104 | £1,977 | |
| Fellowship Account | £378 | £180 | £21 | £0 | £0 | £201 | £579 | |
| FlowerAccount | £386 | £158 | £15 | -£311 | £0 | -£139 | £248 | |
| Music Fund | £1,388 | £0 | £63 | £0 | £0 | £63 | £1,451 | |
| Organ Fund | £4,393 | £0 | £194 | -£190 | £0 | £4 | £4,397 | |
| Rector&Churchwardens | £6,325 | £0 | £284 | -£54 | £0 | £230 | £6,555 | |
| Sanctuary Flowers Fund | £180 | £0 | £8 | £0 | £0 | £8 | £188 | |
| In memoriam | £1,504 | £0 | £39 | £0 | £0 | £39 | £1,543 | |
| Totals | £43,545 | £40,520 | £2,492 | -£16,673 | £0 | £26,340 | £69,885 | |
| Designated fund —_InsuranceFund | £2,712 | £0 | £140 | = -£6,854 | £7,680 | £966 | £3,678 | |
| Tangible Assets | Fixed asset - Safe | £1,434 | £0 | £0 | £0 | £0 | £0 | £1,434 |
| Sound System | £20,000 | £0 | £0 | £0 | £0 | £0 | £20,000 | |
| Security Equipment | £0 | £0 | £0 | £0 | £2,596 | £2,596 | £2,596 | |
| Depreciation Totals |
-£749 £20,685 |
£0 £0 |
£0 £0 |
—-£4,786 —-£4,786 |
£0 £2,596 |
-£4,786 —--£2,190 |
—-£5,535 «£18,495 |
|
| Unrestricted Funds | £38,500 | £104,758 | £748 | -£101,950 | _-£10,276 | —-£6,720_ | —_—«£34,780 | |
| TotalsFunds | £143,930 | £145,278 | £10,050 | -£130,263 | £0 | £25,065 | £168,996 |
8.1 Investment Gains The 2025 investment gain of £3,381 from all funds in the CCLA account has been allocated to the Restricted and General Funds based on amounts invested in that account. The allocation was as follows:
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PCC Funds me PCC Funds exact
Bell Ringers' Account Balance b/f £1,878
Building Project Fund |£1,542
Children’s Ministries Fund £193
Fabric Fund £220 Rector & Churchwardens £283
Fellowship Account Sanctuary Flowers Fund
Flower Account
Balance cif £1,878 £140
General Fund ‘ £748
£3,381
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9 |
8.2 Insurance Fund
The PCC transfers £640 per month into this designated fund to pay the annual insurance premium
8.3 Insurance claim
The interior of the Church including furnishings was damaged during an incidence of arson in February 2025.
The Church's insurers, Ecclesiastical Insurance Office plc have now agreed the PCC’s claim, to clean the premises and repair or replace items damaged, in full. The resulting payment is to be paid in early 2026 and will be used to cover costs already incurred or still to be incurred.
9. CHARITIES SUPPORTED IN 2025
Payments were made to the following charities arising from collections at services: Royal British Legion £257 Children’s Society £430
Further, the PCC paid £2,141 to Dereham Meeting Point, a local charity established in 1986, as a place for the disabled and over 55’s to meet and socialise. This represented half of the net proceeds from the Christmas Tree Festival in November 2025.
Funds were raised at the annual Lent lunches to support the Bishop’s Lent Appeal. The 2025 appeal was to support YANA, a local charity providing mental health support for those involved in agriculture and other rural businesses in East Anglia. Unfortunately, due to the Treasurer being indisposed, the donation was overlooked. A belated payment of £415 was made to the appeal in January 2026.
10. ASSOCIATED CHARITIES
There are two independent charities associated with St. Nicholas both of which are registered with the Charity Commission.
10.1 The Friends of St Nicholas
This charity was revived in 2023 with the aim of raising money for thé Church.
10.2 The Church Estate and Headborough Charity This charity is administered by a Management Committee on behalf of the Trustees. The trustees are the members of the PCC. Church House, Church Cottage and the Garden Allotments are held in trust for the Charity.
The PCC uses 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 contribution towards energy costs.
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