2021-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of St Margaret With St Nicholas And St Edmund King's Lynn

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the PCC is a charity registere Membership	d with	d with	the Charity Co	mmissio	ners for England.
During the year the following	served		on the PCC:
Incumbent:		The	Revd Canon Mark Dimond
		(from July 18'"July		2021)
Team Vicar		The	Revd Becca Rogers
Curates:		The	Revd Angela Rayner
		The	Revd Jon Price
Churchwardens		Mr Andy Reeve
		Miss	Fiona Page
Deanery Synod members:		Mrs	Valerie Brown
		Miss	Sue Bruno
		Mrs	Kelly Bowen (from 17""June 2021)
Elected members:		Miss	Jill Hemmings
		Mr Peter Johnson
		Mrs	Carole Reeve
		Mrs	Brenda Futter
		Mr Jeff Futter
		Mrs	Kay Burge (until	1T"June 2021)
		Dr Deborah Hopkin		(from 17'"June 2021)
		Mrs	Sue Brinton (from 17'"		June 2021)
		Mrs	Jane Kaminski	(from 23'~ June 2021)
		Mrs	Penny Matkin (from 23" June 2021)
		Mr Graham Copsey		(from 8'" September 2021)
		Mrs	Loraine Allen (from 8'" September 2021)
		Mrs	Sue Nulty (from	8'" September 2021)
In attend ance		Mr Adrian Richards		(employed as Director of Music)
		Mrs	Kelly Bowen (employed		as Parish Administrator)
The following officers were elected:
Lay Vice —chair.		Vacant
Safeguarding		Mrs Valerie Brown
Deputy Churchwarden		Vacant
Secretary		Mrs	Kelly Bowen
Treasurer		Mrs	Kelly Bowen

Incumbent:		The Revd Canon Mark Dimond	(from	18th July 2021)
Team Vicar:		The Revd BeccaRogers
Curate:		The Revd Angela Rayner
		The Revd Jon Price
Churchwarden	s:	Mr Andy Reeve
		Miss Fiona Page
Deanery Synod	members:	Mrs Valerie Brown
		Miss Sue Bruno
		Mrs Kelly Bowen	(from	17th June 2021)
Elected members:		Miss Jill Hemmings
		Mr Peter Johnson
		Mrs Carole Reeve
		Mrs Brenda Futter
		Mr JeffFutter
		Mrs Kay Burge	(until	17th June 2021)
		Dr Deborah Hopkin	(from	17th June 2021)
		Mrs Sue Brinton	(from	17th June 2021)
		Mrs Jane Kaminski	(from	23rd June 2021)
		Mrs Penny Matkin	(from	23rd June 2021)
		Mr Graham Copsey	(from	8th September 2021)
		Mrs Loraine Allen	(from	8th September 2021)
		Mrs Sue Nulty	(from	8th September 2021)

						2021	2020
Receipts
Incomin Resources	From		Donors
Planned giving						41,517	44,296
Collections and other		giving				3,177	1,515
Income tax recovered						16,132	4,075
						60,826	49,886
Other Voluntar Incomin			Resources
Donations						1,372	1,472
Donation boxes						9,418	1,828
50/50 Club							498
Text Giving							1
Friends ofKL						120
Fundraising General						3,256	1,094
Saturday Cafe						120
Tuesday Cafe
						14,286	4,893
Income From Charitable		and Ancillar		Tradin
Statutory parochial	fees					1,363	1,414
Non-statutory parochial			fees			612	461
Hire ofChurch						2,265	240
Shop and literature	sales					2,151	320
Office rent
						6,391	2,435
Other Income
Invoiced charges						191	200
						191	200
Total Receipts						81,694	57,414
Transfers Between	Funds
Income transferred	to	Building Development			Fund
Receipts (carried fonvard)						81,694	57,414

General Fund	Receipts 4 Payments	Receipts 4 Payments	Receipts 4 Payments	Receipts 4 Payments	Receipts 4 Payments	Account
							2021	2020
Total Receipts		(brought		fonvard)			81,694	57,414
Payments
Resources Used
Outward payments		to Charities					1,278	1,128
							1,278	1,128
Activities Directl	Relatin		To The Work Of			The Church
Parish share							27,000	22,000
Clergy expenses							1,664	866
Running expenses		Electricity					6,457	3,947
		Insurance					7,132	6,700
		Building		maintenance			6,409	2,004
		Cleaning			expenses		3,693	2,451
Cost ofservices							2,335	1,079
Cost oftrading		Shop and			literature		588	244
Church office							540	239
							55,816	39,531
Church Mana ement		and Administration
Printing and stationery							2,181	1,465
Telephone							1,780	2,223
Internet/website							790	233
Postage							181
Subscriptions							150	105
Office equipment		lease					924	924
Office equipment							705
Examiners fees							600	600
Covid costs							1,003	1,670
Health and safety		(including		training)				36
Bank fees							494	476
Computer							1,708	1,132
							10,515	8,865
Cost ofFundraisin
50/50 club								494
General							30	135
Saturday Cafe							189
							219	630
Total Payments		(carried		fan vard)			67,827	50,153

FINANCIAL STATEMENTS FOR	FINANCIAL STATEMENTS FOR	THE YEAR	THE YEAR	ENDED 31DECEMBER 20	21
General Fund Receipts R Payments		Account
				2021		2020
Total Receipts (brought forward)				81,694		57,414
Total Payments (brought forward)				67,827		50,153
Total Payments				67,827		50,153
Excess ofReceipts over Payments				13,866		7,260
Transfers Between Funds
Transfer to Parish Administrator's	Fund			(7,199)		(7,828)
Transfer to Building Development	Fund			(4,341)
Bank current and deposit accounts at	1 January	2021		673		1,239
Bank current and deposit accounts at	31December 2021			3,000		673
Eliza Bocking Holding
Deposit account and investment funds	at 1 January 2021			17,688		17,267
Increase in value ofInvestment Funds				2,514		421
Deposil account. and inveslmenl funds	al 31 Decembez		2021	20,202		17,688
Tize Eliza Bockitzg Holding is an utzrestricted ezzdownzent,				the income fram which is deisgtzated	to the
Vicar's Discretionary Fund by the	PCC

				TOTAL	FUNDS
		Designated	Restricted
		Funds	Funds	2021	2020
		g	g		g
Special Collections / Appeals
Receipts
Bishops Lent Appeal					149
Jon Price Ordination			101	101
C Ivory Leaving Collection					2,125
Cycle Ride					320
MacMillan				248
Yelwoko (Covid)					505
Food Bank					20
Covid Shopping					71
Bishops Ordinand Fund				82
			431	431	3,190
Payments
C Ivory Leaving Gift			300	300	1,799
John Ptice Ordination			105
Cycle Ride (External sockets)			367
Yelwoko					505
			772	300	2,304
Excess ofReceipts over Payments			(341)	131	886
Bank cunent and deposit accounts at	1 January 2021		1,285	1,285	470
Bank cutTent and deposit accounts at	31December 2021		944		1,285

						2021	TOTAL	FUNDS
					Designated	Restricted
					Funds	Funds	2021	2020
					K	f.
Parish Administrator
Receipts
St .Mk	St.N Parish	Trust				10,776	10,776	10,000
						10,776	10,776	10,000
Payme&zts
Salary						14,952	14,952	14,818
Pension						1,038	1,038	920
Employers	National	Insurance	and	Tax		1,985	1,985	2,090
						17,975	17,975	17,828
Excess ofReceipts over		Payments				(7,199)	(7,199)	(7,828)
Transfer Between Funds
Transfer from General Fund						7,199	7,199	7,828
Bank current	and deposit	accounts	at	1 January 2021


G.R.Liniey Bequest				Restricted	Restricted
Deposit account and investment	funds at 1 January 2021			27,806	27,144
Increase in value ofInvestment	Funds			3,948	662
Deposit account and investment	funds at 31	December 2021		31,754	27,806
The inca&ne earned o&z the	balance oftlzis fund is transferred		to the Music fu&zd to e&zha&zce	the nzusic life ofthe parish in
	accordance	with the requireme&zt	ofthe original bequest terms.

			2021	TOTAL	FUNDS
		Designated	Restricted
		Funds	Funds	2021	2020
Music Fund
Receipts
Income from GR Linley Bequest			972	972	948
Donations			400	400	400
Fees					621
HMRC JRS			1,778	1,778	3,847
Investment Income Allocation					864
Unknown			1,567	1,567
			4,717	4,717	6,681
Payments
Music purchases			386	386	167
Fees for civic/special	services		1,832	1,832	180
Organist salaries/fees			8,838	8,838	9,199
			11,057	11,057	9,546
Excess ofReceipts over Payments			(6,340)	(6,340)	(2,866)
Transfers Between Funds
Transfer from John Jordan Bequest Fund			6,340	6,340	2,866
Bank current and deposit	accounts at 1 January 2021
Bank current and deposit	accounts at 31December 2021
Organ Fund
Receipts
Use ofOrgan Fees			2,442	2,442	178
			2,442	2,442	178
Payments
PRS fee			367	367
Recitalists expenses			750	750
Organ mttintelnttlce			2,851	2,851	9,950
Capital improvements					192
			3,968	3,968	10,142
Excess ofReceipts over	Payments		(1,525)	(1,525)	(9,964)
Transfers Between Funds
Transfer from John Jordan Bequest Fund			1,525	1,525	9,964
Bank current and deposit	accounts at 1 January 2021
Bank current and deposit	accounts at 31 December 2021

									2021			TOTAL	FUNDS
									Designated	Restricted
									Funds	Funds		2021	2020
Bell Repair Fund									g
Receipts
	Fees										862	862
	Income from Investments												622
											862	862	622
Payments
	Repairs										120	120	306
											120	120	306
Excess ofReceipts over			Payments								742	742	316
Deposit	account and investment				funds	at I January		2021		26,033		26,033	25,296
Increase	in value	of Investment			Funds					2,514		2,514	421
Deposit	account and investment				funds	at 31 December 2021				29,290		29,290	26,033
Windows Fund
Receipts
	Donation									1,050		1,050
										1,050		1,050
Payments
	Fees
Excess ofReceipts over			Payments							1,050		1,050
Deposit	account and investment				funds	at I January		2021
Increase	in value	of Investment			Funds
Deposit	account and investment				funds	at 31 December 2021				1,050		1,050
Vicar's	Discretionary		Fund/Eliza			Bocking
Receipts
	Donation								500			500	90
	Friars Pottery												220
	D Moore	Loan Repayment							1,057			1,057	796
	NDBF Garden Refund								180			180
	Income from Investments								618			618	609
									2,355			2,355	1,715
Payments
	Donations												350
	Gardening								120			120	55
	"Expenses"								114			114
	NDBl. —Recruitment								1,052			1,052
	D Moore	Loan							793			793	1,586
	D Moore	Grant							416			416	832
	Yelwoko												28
	Vicarage	Hse Clearance											220
	Vicar's Disc Top-Up			—BRodgers									40
	JP Ordination								25			25
	Wine - celebration								71			71
	Vicarage	CCTV							93			93
	Wedding	Refund							700			700
									3,383			3,383	3,110
Excess ofReceipts over			Payments						(1,028)			(1,028)	(1,395)
Bank current and		deposit	accounts at I January				2021		(548)			(548)	847
Bank current and		deposit	accounts at 31 December					2021	(1,576)			(1,576)	(548)

			2021	TOTAL	FUNDS
		Designated	Restricted
		Funds	Funds	2021	2020
King's Lynn Sinfonia Fund
Bank current	and deposit accounts at 1 January 2021		822	822	822
Payments
Expenses			822	822
			822	822
Bank current	and deposit accounts at 31December 2021				822
Denniek Memorial Fund
Bank current	and deposit accounts at 1 January 2021		97	97	97
Bank current	and deposit accounts at 31December 2021		97	97	97
David Depear Memorial Fund
Receipts
Donations
Payments
Expenses
Excess ofReceipts over Payments
Bank current	and deposit accounts at I January 2021		200	200	200
Bank current	and deposit accounts at 31December 2021		200	200	200

								TOTAL	FUNDS
						Designated	Restricted
						Funds	Funds	2021	2020
Willars Memorial Fund
Receipts
	Donations
Payments
	Expenses
Excess ofReceipts over Payments
Bank current	and deposit accounts		at	1 January	2021		1,100	1,100	1,100
Bank current	and deposit accounts		at	31 December 2021			1,100	1,100	1,100
Choir Fund
Receipts
	Donations
	Fees
Paytnents
	Organist's/choir	expenses
Excess ofReceipts over Payments
Bank current	and deposit accounts		at	I January	2021		1,055	1,055	1,055
Bank current	and deposit accounts		at	31 December 2021			1,055	1,055	1,055

				2021	TOTAL	FUNDS
			Designated	Restricted
			Funds	Funds	2021	2020
Flower Guild Fund
Receipts
Donations		for flowers		971	971	600
Bank interest received				1	1	6
				972	972	606
Paymezzts
Expenses				28	28
Flowers				1,018	1,018
				1,046	1,046
Excess ofReceipts over Payments				(74)	(74)	495
Bank current		and deposit accounts at 1 January 2021		1,706	1,706	1,211
Bank current		and deposit accounts at 31December 2021		1,632	1,632	1,706
Ayres Memorial Fund
Bank current		and deposit accounts at 1 January 2021		1,000	1,000	1,000
Bank current		and deposit accounts at 31December 2021		1,000	1,000	1,000
Childrens	Work Fund
Receipts
Donations						50
Seeds of	Growth Grant					100
						150
Payments
Resources				168	168	45
				168	168	45
Excess ofReceipts over Payments				(168)	(168)	105
Bank current		and deposit accounts at I January 2021		356	356	251
Bank current		and deposit accounts at 31December 2021		188	188	356

FINANCIAL STATEME	NT	S	FORT	HE YEAR END	ED 3	1DECEMBER	1DECEMBER	2021
						2021			TOTAL FUNDS
				Designated			Restricted
				Funds			Funds	2021		2020
John Jordan Bequest Fund											K
Receipts
Rent ofhouse							6,720		6,720		6,720
Income from Investments							2,955		2,955		2,884
							9,675		9,675		9,604
Payments
House letting fees							645		645		645
Maintenance ofhouse							1,654		1,654		1,247
							2,299		2,299		1,892
Excess ofReceipts over Payments							7,376		7,376		7,711
Transfers Between Funds
Transfer to Music Fund							(6,340)		(6,340)	(2,866)
Transfer to Organ Fund							(1,525)		(1,525)	(9,964)
Deposit account and investment	funds		at 1 January 2021				69,300		69,300	72,385
Increase in value ofInvestment	Funds						12,091		12,091		2,034
Deposit accounl and investment	funds		at 31December 2021				80,902		80,902	69,300
Tlze bequest oftlze late John tlze organ in particular. "	Jordan is restricted "for the benefit and encouragement and promotion ofmusic in general and Tlze P.C.C. apply the income or capital tlzrouglz its nuisic fiznd, organ fimd and choirfittz. Itis
also used to meet expenses	ofadnzinistering			the fimd and ofthe house		tlzat was part of the		bequest.	Tlze rental income		from
			the lzouse	will be part ofthe income of tlze bequest fiind.
Deposit account at 31 December	2021						(16,566)		(16,566)	(16,077)
Investment funds at 31 December 2021							97,465		97,465	85,377
							80,899		80,899	69,300
North Lynn Project Fund
Receipts
Good Call							685		685
Income from Investments							158		158		976
							843		843		976
Payments
Architect's Fees							2,574		2,574		7,560
Engineer Fees											1,850
Quantity Surveyor											9,648
Iluminous											6,480
CBA Asbestos							435		435
Bank fees							79		79		44
Good Call							48		48
							3,136		3,136	25,582
Excess ofReceipts over Payments							(2,292)		(2,292)	(24,606)
Bank current and deposit accounts		at 1 January		2021			169,541		169,541	194,148
Bank current and deposit accounts		at 31 December 2021					167,249		167,249	169,541
There is a conunitment fiom	the PCC to contribute 5237663 to				tlze project and development of the				Cluirch in North Lynn, the
fimds luive been designated		by	the PCC.	Forward comniitted	expeizditure		remaining at 31December 2021is $164,668.

FINANCI	AL STATEMENTS FORTHE YEA	R ENDED	31DECEMBE	R 2021
			2021	TOTAL	FUNDS
		Designated	Restricted
		Funds	Funds	2021	2020
		K
Bolt Memorial Fund
Receipts
Bank interest received
Payments
Excess ofReceipts over Payments
Bank current	and deposit accounts at 1 January 2021		1,774	1,774	1,765
Bank current	and deposit accounts at 31December 2021		1,775	1,775	1,774
Davison Memorial Fund
Bank current	and deposit accounts at 1 January 2021		5,000	5,000	5,000
Bank current	and deposit accounts at 31December 2021		5,000	5,000	5,000
Cinema Income Fund
Receipts
Cinema	income		3,402	3,402
			3,402	3,402
Payzzzezzts
Excess ofReceipts over Payments			3,402	3,402
Bank current	and deposit accounts at 1 January 2021
Bank current	and deposit accounts at 31December 2021		3,402	3,402

FINANCIAL	STATEMENTS FOR THE	YEAR ENDED	31DECEMBER	2021
			2021	TOTAL	FUNDS
		Designated	Restricted
		Funds	Funds	2021	2020
Fees Account Fund
Receipts
PCC statutory	fees				1,969
Non statutory	fees &expenses				1,290
Flowers					40
Diocesan fees					1,783
Ashes			193	193	1,039
Blessing			25	25
Funerals			8,657	8,657
Weddings			2,053	2,053
Advanced payments					155
			10,928	10,928	6,276
Payznetzts
PCC statutory	fees				1,597
Non statutory	fees &expenses				1,290
Flowers					40
Diocesan fees					1,783
Other third party fees			770	770	1,039
NDBF			5,497	5,497
PCC			3,820	3,820
TCCT			546	546
			10,633	10,633	5,749
Excess ofReceipts over Payments			295	295	527
Bank fees account	at 1 January 2021		1,460	1,460	933
Bank fees accounts at 31December 2021			1,755	1,755	1,460

FINANCIAL STAT	EMENTS	FOR THE YEA	R ENDED 31DECEMBER	R ENDED 31DECEMBER	2021
			2021		TOTAL	FUNDS
			Designated	Restricted
			Funds	Funds	2021	2020
Building Development	Fund
Receipts
HMRC JRS Grant				1,862	1,862	2,820
Heritage Lottery Fund						21,770
Local Fundraising						230
Donations			4,317	1,351	5,668	2,639
Activity Income				32	32
Gift aid received						57
Grant for Freebridge	Community	Fund (Wifi)				500
Parish Cruft Grant				20,000	20,000
VAT refund						3,770
			4,317	23,245	27,562	31,787
Payments
Architect						317
Quantity Surveyor						1,634
Building works - Repair &Conservation				274	274	23
Building works				15,441	15,441	32,782
Universal Stone				4,265	4,265
Staff salaries				8,566	8,566	8,498
Staff tax and national	insurance			1,327	1,327	1,119
Staff pension contribution				266	266	240
Development Activities				174	174
Reclaimable VAT						2,494
Blind replacment				150	150
Bank fees				134	134	133
Wifi						601
Other costs				500	500	691
				31,098	31,098	48,533
Excess ofReceipts over	Payments		4,317	(7,853)	(3,536)	(16,746)
Transfers Between Funds
Transfer from General	Fund		4,341		4,341
Bank current and deposit	accounts at	1 January 2021		(8,332)	(8,332)	8,414
Bank current and deposit	accounts at	31December 2021	8,658	(16,185)	(7,527)	(8,332)

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P	IC	IC

	COIF Investment Fund 3523.63 units	COIF Investment Fund 3523.63 units		63,466
	CBFFixed Interest Securities Fund	640.10units		1,086
	CBFProperty Fund 17670.14units			22,867
	CBFUK Equity Fund 628.45 units			1,188
	CBFGlobal Fund 6794.40 units			17,915
	CBFInvestment Fund 1203.43 units			24,655
	M&G Charifund 1229.161units			16,871
	M&G Charibond 408.419units			512
	Total			148,560
Summa	ofincrease from investments durin	the	ear:
	COIF Charities Investment Fund			9,003
	CBFFixed Interest Securities Fund			72
	CBFProperty Fund			3,262
	CBFUK Equity Fund			209
	CBFGlobal Fund			2,899
	CBFInvestment Fund			3,527
	M&G Charifund			2,257
	M&G Charibond			18
				21,067
Investment	funds at 31stDecember 2021
	COIFInvestment Fund 3523.63 units			72,468
	CBFFixed Interest Securities Fund	640.10units		1,014
	CBFProperty Fund 17670.14units			26,129
	CBFUK Equity Fund 628.45 units			1,397
	CBFGlobal Fund 6794.40 units			20,814
	CBFInvestment Fund 1203.43 units			28,182
	M&G Charifund 1229.161units			19,128
	M&G Charibond 408.419units			495
	Total			169,627
Apportioned:
	Eliza Bocking (Vicar's Discretionary	Fund)		11.91%
	Linley Bequest			18.72%
	Bell Fund			11.91%
	John Jordan Bequest			57.46%

			2021	2020
			K
Liabilities
Accountancy		charges	1,100	600
Total Electricity				923
Church	in North Lynn		164,668	167,756
			165,768	169,279