2021-12-31-accounts

Contents	Page
Report ofthe Parochial Church Council	1-7
Auditor's report	8- 10
Statement of Financial Activities
Balance Sheet	12
Statement ofCash flows	13
Notes to the Financial Statements	'l4- 31

Reference and	Reference and	administrative	administrative	information (continued)
Fabric Offfcer				Nick Jackson
Representatives		on	the Norwich	Carolyn Crosse (until 22 April 2021)
East Deanery				Geoffrey Loades (from 22 April 2021)
				Geoffrey Woolsey-Brown
				Janet Steels (from 22nd April 2021)
Bankers				Barclays Bank PLC
				StStephens Branch
				5/7 Red Lion Street
				Norwich
				NR3 3QH
				CAF Bank Ltd
				25 King's Hill Avenue
				King's Hill
				West Mailing
				Kent
				ME194JQ
Solicitors				Howes Percival
				Flint Buildings
				1 Bedding Lane
				Norwich
				NR3 1RG
Chartered	surveyors		and valuers	Arnolds Keys
				2 Prince ofWales Road
				Norwich
				NR1 1LB
Architects				Ms Ruth Blackman
				Birdsall, Swash and Blackmsn
				High House Farm
				Beeston - next- Mileham
				Kings Lynn
				PE32 2NF
Investment	advisers			Barrett &Cooke
				5/6 Opie Street
				Norwich
				NR1 3DW
Registered	auditor			Lovewell Blake LLP
				Bankside 300
				Peachman Way
				Broadland Business Park
				Norwich
				Norfolk
				NRT OLB

				Unrestricted	Restricted	Endowment	Total	Total
				funds	funds	funds	2021	2020
			Notes
Income and endowments		from:
Donations and legacies			2(a)	202,906	186,628		389,534	373,547
Activities for generating	funds		2(b)	28,330			28,330	12,098
Income from investments			2(c)	6,585	8,057	9,397	24,039	24,890
Church activities			2(d)	8,864			8,864	4,390
Other income			2(e)	7,808			7,808	31,499
Total				254493	194685	~93	~458 5	~46 24
Expenditure:
Church activities			3	(308,720)	(438,134)		(746,854)	(462,769)
Total				~308720	~438 'l34		~746854	~462769
Nst (expenditure)/income investment gains		before		(54,227)	(243,449)	9,397	(288,279)	(16,345)
Nst gains on investments				16479	18264	34833	69576	12 140
Net (expenditure)/income				(37,748)	(225,185)	44,230	(218,703)	(4,205)
before transfer offunds
Transfers between funds			15	2490	70639	~68149
Net movemsnt in funds				(40,238)	(154,546)	(23,919)	(218,703)	(4,205)
Reconciliation offunds
Total funds brought forward Total funds carried forward			15	288 592	364392	380 188 ~1033 1 2 ~9~		~03 377 ~3

					2021			2020
			Note	8		8
Fixed assets
Tangible assets Investments						804 99			904046
						804,899			904,076
Current assets
Stock			10	4,360
Debtors and prepayments			11	30,281			14,216
Short-term deposits				1,266			16,259
Cash at bank and	in	hand		~4439			~149 81
Total current assets				80,300			180,256
Liabilities
Creditors - Amounts		falling due within
one year			12	70 730			51 160
Net current assets						9570			129096
Total assets less	current liabilities					814469		1	033172
Net assets
Parish funds
Unrestricted funds			14			248,354			288,592
Restricted funds			14			209,846			364,392
Endowmem iunds			14			356269		~380 'i 88
Total charity funds

				2021	2020
Cash flows from operating		activities
Nst (expenditure)				(218,703)	(4,205)
Adjustments for:
Depreciation					1,281
Investment income				(24,039)	(24,890)
Gains on investments				(69,576)	(12,140)
Decrease/(increase) in	short term deposits			14,993	(69)
(Increase)/decrease in	debtors			(16,065)	10,150
Increase in creditors				19,570	23,724
Increase in stock				~4360
Net cash from operating	activities
Cash flows from investing		activities
Investment income				24,039	24,890
Proceeds from sale ofinvestments				270,330	103,975
Purchase ofinvsstmsnts				~101577	~33974
Net cash from investing	activities
Net increase/(decrease)	in cash and cash equivalents			(105,388)	88,742
Cash and cash equivalents		at beginning	ofyear	~14 781	61 039
Cash and cash equivalents		at end ofyear

(a) Donations and	legacies
		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		Funds f	Funds 6	2021 6	Funds f	Funds 5	2020
Planned giving		56,260			58,552
(Stewardship)				56,260			58,552
Collections at all services		5,933		5,933	3,146		3,146
Grants:
Risebrow Trust grants	for
youth work snd choir			37,548	37,548		47,500	47,500
Subscriptions &	other
income for youth Activities			50	50		186	186
Grants from Vicarage Trust:
General		40,000		40,000	40,000		40,000
Grants from Mission Hall
Trust		62,713		62,713	32,415		32,415
Grants from Heritage lottery
For Be/I Chamber project			6,211	6,211		30,165	30,165
Grant from Norwich
Diocesan Assn ofRingers
for BellChamber Project						2,000	2,000
Grant from St John' s
College for Gaia Project			20,000	20,000
Grant from Garfield Weston
for Gaia Project			7,500	7,500
Grant from Geoffrey Watling
Charity for Gsis Project			3,000	3,000
Creating Space for God:
Grant St Martine in the
Fields for Creating Space
lol Goc			1,500	1,500		3,000	3,000
Grants from Archbishops
Council for Creating Space
for God'			3,200	3,200		3,800	3,800
Grants from Diocese for
Creating Space for God			2,000	2,000		4,000	4,000
Grants from Diocese for
streaming project						600	600
Grant from Allchurchss
Trust for streaming project						6,300	6,300
Grant from FP Sheppard
Scholar GPCC (Heartedge)						10,000	10,000
Donations:
General		13,488	490	13,978	17,752		17,752
Fabric fund						23	23
Bells Chamber Project			1,785	1,785		1,416	1,416
Church roof fund			30,005	30,005		100	100
Misc restricted donations			2,194	2,194		1,120	1,120
Gaia Project			2,995	2,995
Flower fund			365	365		438	438
Creating Space for God			3,600	3,600		3,420	3,420
Tax recoverable		16,761	8,426	25,187	19,468	854	20,322
Sundries		4,276		4,276	322		322
Legacies		3,475		3,475	75,639		75,639
Listed Places ofWorship:
For RoofProject For Bell Chamber project			55,759	55,759		3,423 7908	3,423 ~98
			17

(b)	Activities for generating	funds
		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		Funds f	Funds f	2021	Fundsf	Funds f	2020 f
Risebrow	Centre (MAP) share of
expenses		10,205		10,205	5,354		5,354
Chantry	hall letilngs	9,690		9,690	4,226		4,226
Use ofchurch for concerts etc		8,435		8,435	2,518		2,518

(c)	Inco	me	from	investments
				Unrestricted	Restricted	Endowment	Total	Unrestricted	Restricted	Endowment	Total
				Funds f	Funds f	Funds f	2021 f	Funds f	Funds f	Funds f	2020 f
Quoted
investments:
General	and		other
funds				(29)	1,300		1,271	1,430	1,044		2,474
Legacies				6,611	460		7,071	5,325	425		5,750
Fabric funds					3,369	6,389	9,758		1,616	7,560	9,176
Bell chamber		fund			760		760		615		615
Organ fund					872		872		683		683
Church roof fund					(85)		(85)		2,708		2,708
Treasury	& West End
fund					232		232		183		183
i'Aancrofl	cl el	liable			337		337		283		283
Rlsebrow					138		138		125		125
Flower Fund					71		71		52		52
Creating	Space		for
God					258		258		236		236
Heartedge					239		239		84		84
Raymond	King fund				103	3,007	3,110		49	2,404	2,453
Cash accounts:
General	and		other
funds					3	1		6	29		46
Legacies				3				20	2		22

	Unrestdcted	Restricted	Total	Unrestricted	Restricted	Total
	Funds	Funds	2021	Funds	Funds	2020
Magazines - Sales Books, cards, guides and candles	2,375		2,375	f 4 798		f 4 798
Fees:
Weddings Funerals	1,526 2,695		1,526 2,695	213 1,198		213 1,198
Mancroft music- recitals and
concerts	2,268		2,268	2,001		2,001
Social events and activities				176		176

						2021	2020
				Unrestrictedf	Restricted	Totalf	Totalf
Covid-19	Job	Retention	Scheme	7,808		7,808	31,499
				7,808		7,808	31,499

					Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
					Funds	Funds	2021	Funds	Funds	2020
Church activities
Missionary and		charitable		giving
(note 3a)					39,668	2,967	42,635	5,300	2,948	8,248
Ministry costs
(note 3b)					114,136	19,132	133,268	114,509	23,533	138,042
Church running		and	maintenance
(note 3c)					49,279	12,345	61,624	47,437	176	47,613
Chantry Hall running			costs
(note 3d)					22,666		22,666	33,568		33,568
Major repairs
(note 3e)					960	361,742	362,702	5,111	102,752	107,863
Social activities
(nots 3f)					1,568	1,454	3,022	1,845	1,182	3,027
Magazine and	bookstall
(note 3g)					2,600		2,600	100		100
Wages and salaries
(note 3h)					36,730	41,660	78,390	33,888	43,688	77,576
Administrative	expenses
(note 3i)					41,113	(1,166)	39,947	41,051	5,681	46,732
Total expenditure					308,720	438,134	746,854	282,809	179,960	462,769

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			Funds	Funds	2021	Funds	Funds	2020
				8	6	f	6	6
Grants:
Relief and	development					1,900		1,900
Secular			39,668	1,500	41,168	3,400	1,000	4,400
instrumental	awards	and organ
scholarship				1,467	1,467		1,948	1,948
Total:			39,668	2,967	42,635	5,300	2,248	8,248

	Unrestricted	Restricted		Total	Unrestricted	Restricted	Total
	Funds f	Funds f		2021	Funds	Funds f	2020 f
Ministry —Diocesan Parish share Clergy expenses:	112,360			112,360	112,360		112,360
Vicar Curate/assistant priest Creating Space for God Heartedge Other clergy	789 962 25	15,557		789 962 15,557 25	793 1,356	16,978 1,049	793 1,356 16,978 1,049
Youth worlc
Youth worker salaries Youth general expenses		400		400		2,536 970	2,536 970
Room hire Vicar's discretionary expenses		2,000 1,175	'	2,000 1,175		2,000	2,000
Total:	114,136	19,132		133,268	114,509	23,533	138,042

	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
	Funds 8	Funds f	2021 f	Funds f	Funds f	2020 f
Church running expenses:
Telephone	688		688	524		524
Electricity Gas Cleaning and waste insurance Water	4,722 6814 8,702 17,084 164		4,722 6,311 8,702 17,084 164	2,802 10,758 16,120 449		2,802 G, GGG 10,758 16,120 449
Flowers Church maintenance:		872	872		100	100
Maintenance and minor repairs Bells fund expenses Upkeep ofchurch services:	7,252	11,036	18,288	4,252 462		4,252 462
General church expenses Cholrs	3,637 50	437	3,637 487	4,344 50	76	4,344 126
Publicity	166		166	789		789
Total:	49,279	12,345	61,624	47,437	176	47,613

	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
	Funds f	Funds f	2021 f	Funds F	Funds f	2020
Minor repairs and maintenance	10,364		10,364	2,776		2,776
Major repairs	990		990	8,568		8,568
Electricity	3,350		3,350	1,696		1,696
Gas	2,622		2,622	4,174		4,174
Water	(4,774)		(4,774)	4,669		4,669
Cleaning	2,593		2,593	5,074		5,074
Waste	2,321		2,321	2,149		2,149
Insurance	2,225		2,225	2,277		2,277
Sundries	2,975		2,975	2,185		2,185
Total:	22,666		22,666	33,568		33,568

		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		Funds	Funds	2021	Funds	Funds	2020
			f			f	f
Church fabdc			337,118	337,118		42,943	42,943
Organ			558	558
Treasury	&West End		274	274
Gaia project			23,792	23,792
Streaming	project	960		960	5,111	7,420	12,531
Bell-chamber project						52,389	52,389
Total:		960	361,742	362,702	5,111	102,752	107,863
(f) Social activities
		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		Funds f	Funds f	2021 f	Funds f	Funds	2020
Mancroft	music:
Publicity		309		309
Concert expenses		1,181		1,181	1,336		1,336
Other expenses					65		65
Social activities				78	444		444
Raymond	King fund		1,454	1,454		1,182	1,182
Total:		1,568	1,454	3,022	1,845	1,182	3,027

				Unrestricted	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
					Funds 6	Funds	2021 8	Funds f	Funds f	2020 8
Bookstall					2600		2 600	100		100
Total:
(h) Salaries			and wages (including		working	expenses)
				Unrestricted		Restricted	Total	Unrestricted	Restricted	Total
					Funds	Funds	2021	Funds	Funds	2020
					6	8		6	6	f
Vergsrs					30,753		30,753	28,328		28,328
Organists					5,977	1,200	7,177	5,560	1,200	6,760
Director of music						21,442	21,442		27,253	27253
Bell chamber	staff					8,892	8,892		8,704	8,704
Choral scholars and deputies						9,862	9,862		6,347	6,347
Choristers						264	264
Total:
(i) Administrative				expenses
				rJr restricted				Urues!rioted
					Funds	Restricted	Total	Funds	Restricted	Total
						Funds	2021		Funds	2020
						6	6		6	8
ONce expenses:
Office staffing	and		admin	fess	24,353		24,353	20,918		20,918
Office expenses		and postage			1,947		1,947	7,577		7,577
Printing, stationery			and oflice
equipment Office telephone		and internet			2,193 3,376		2,193 3,376	1,769 2,282		1,769 2,282
Bank charges					314		314	242		242
Depreciation	ofoffice equipment							1,281		1,281
Sundry expenses					1,230	(1,166)	64	(226)	5,681	5,456
Payroll bureau					1,200		1,200	1,266		1,266
Accountants'	and	audit fees			6,500		6,500	5,942		5,942
Total;						~166	~3994	41 05	56f6L	46732

					2021	2020
					6	6
Direct Costs					706,907	416,037
Support	Costs				39,947	46,732
					2021	2020
					6	6
Governance		costs			6,500	5,942
Adminfstrative			expenses		~334 7	40790
						KZ32
5.	Governance costs				202'l	2020
					6
Auditors	remuneration
6.	Amount			payable to auditor	2021	2020
					6
Audit fees					6,500	5,942
Payroll	fees				1,200	1,266
7.	Staff	costs			2021	2020
					6	6
Wages	and salaries				69,561	90,399
Social security			costs
Pension	costs				1,226	1,080

8. Tangible fixed assets	8. Tangible fixed assets	8. Tangible fixed assets
				Fixtures	and
			Fixtures and	fittings
		Tenant' s	fittings	Chantry	Hall	Office
		Improvements	Octagon			equipment	Total
Cost
At 1 January 2021		18,522	23,285	29,150		14,712	85,669
Additions
At 31 December 2021
Depreciation
At 1 January 2021		18,522	23,285	29,150		14,712	85,669
Charge for the year
At 31 December 2021
Net book value
At 31 December 2021
At 31 December 2020
9. Fixed asset investments
Ui& lisledl lnvestmenis
Market value -at 1 January	2021						904,076
Additions at cost							101,577
Disposal proceeds							(169,608)
Realised gains on disposal							5,502
Unrealised gains for the year							64,074
Movement in cash							~100722
Market value at 31 December		2021					804899
Historical cost at 31 December 2021
Investments exceeding 5%	ofthe porlfolio are		as follows:
						202'I	2021
						Market	Cost
						value
						6
CBFfixed interest securities	fund						48,510
CBFinvestment fund						202,809	43,334
Cash						24,006	124,728

10.	Stock
								202'I	2020
								8	f
Items for resale
Stock held at the		year	end represents			guidebooks	held for resale
11.	Debtors							2021	2020f
Other debtors								30,281	14,216
12.	Liabilities: amounts				falling	due within	one year	2021	2020
Accruals	and deferred		income					70,730	51,160
Deferred	Income							2021	2020
								6
Dererred	income	brought		rorward				15,199
Released	during	the year						(15,199)
Income deferred		during	the year						15199
Deferred	income	carried forward

15. Funds
		Balance					Balance
		brou9ht					carried
		forward			Investment		forward
		1.1.21 6	Income 6	Expenditure 6	gains	Transfers 8	31.12.21 f
Restricted funds
Legacies		20,506	460	(7,550)	1,152		14,568
Fabric repair		80,883	3,371	(16,839)	8,435	(60,727)	15,123
Mancroft Charitable		12,734	837	(1,500)	844		12,915
Organ fund		32,929	872	(558)	2,183		35,426
Risebrow Trust		5,290	37,749	(38,247)	346		5,138
Treasury and West	End	8,817	232	(274)	581		9,356
Bell-chamber project		28,098	8,756	(8,892)		2,490	30,452
Raymond King income fund		4,465	103	(1,455)	257	3,007	6,377
Church Rooffund		101,445	93,179	(320,279)	(214)	'I25,869
Heartedge		9,035	239		599		9,873
Flower Fund		2,819	477	(872)	178		2,602
Creating Space for	God	13,173	11,258	(15,557)	646		9,520
Other		44,198	37,152	(26,111)	3,257		58,496
		364,392	194,685	(438,134)	18,264	70,639	209,846
Endowment funds
Fabric Endowment	fund	266,666	6,390		27,308	(65,142)	235,222
Raymond King Endowment		113,522	3,007		7,525	(3,007)	121,047
		380,188	9,397		34,833	(68,149)	356,269
Unrestricted funds
General funds, Legacies		249,098	10,088		16,551	(73,864)	201,873
General funds other			137,285	(301,575)	(5,424)	169,714
Designated funds:
Mancroft Music		18,364	2,768	(1,490)	1,249		20,891
Vicarage Fund			40,265	(1,751)	663	(39,177)
Mission Hall Fund			63,528	(3,904)	2,039	(61,663)
Bells Repair Fund		21,130	559		1,401	2,500	25,590
		288,592	254,493	(308,720)	16,479	(2,490)	248,354
TOTALFUNDS

		Balance					Balance
		brought					carried
		forward			Investment		forward
		1.1.20 5	Incomef	Expenditure	gains	Transfers	31.12.20
Restricted funds
Legacies Fabric repair Mancroft Charitable Organ fund Risebrow Trust Treasury and West End Bell-chamber project Raymond King income fund Church Roof fund Hearledge Flower Fund Creating Space for God Other		20,110 77,813 13,471 32,295 8,646 42,092 3,189 132,306 2,354 14,344 48,910	427 1,645 284 685 47,812 184 42,107 49 6,266 10,084 569 15,807 8,468	(6,017) (1,000) (42,513) (61,093) (1,182) (36,926) (1,049) (100) (16,978) (13,102)	(31) (120) (21) (51) (9) (13) (4) (201) (4) (78)	7,562 4,992 2,413	20,506 80,883 12,734 32,929 5,290 8,817 28,098 4,465 101,445 9,035 2,819 13,173 44,198
		395,530	134,387	(179,960)	(532)	14,967	364,392
Endowment funds
Fabric Endowment fund Raymond King Endowment		253,314 113,700	7,562 2,413		13,352 (178)	(7,562) (2,413)	266,666 113,522
		367,014	9,975		13,174	(9,975)	380,188
Unrestricted funds
General funds, Legacies General funds other		238,741	80,985 145,212	(268,252)	(396)	(70,232) 123,040	249,098
Designated funds:
Mancroft Music Vicarage Fund Mission Hall Fund Bells Repair Fund		17,397 18,695	2,396 40,366 32,675 428	(1,401) (2,149) (10,546) (461)	(28) (27) (19) (32)	(38,190) (22,110) 2,500	18,364 21,130
		274,833	302,062	(282,809)	(502)	(4,992)	288,592
TOTAL FUNDS