**Charity No 1134021** ## **ST MARY’S CHURCH ARNOLD NOTTINGHAM** ## **ANNUAL REPORT IN RESPECT OF THE PAROCHIAL CHURCH COUNCIL** # **FOR THE FINANCIAL YEAR ENDED 31[ST] DECEMBER 2023** **Incumbent: Vacant The Vicarage, Church Lane, Arnold, Nottingham** **Bankers: HSBC Bank plc 26 Clumber Street Nottingham** ## **Independent Examiner: Mr G J Thomas 137 Gedling Road Arnold Nottingham** The St Mary’s Parochial Church Council (PCC) has the responsibility of co-operating with the Vicar in promoting in the ecclesiastical parish the whole mission of the Church of England, pastoral, evangelistic, social and ecumenical. The primary object is the promotion of the Gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England. The parish of Arnold is a large urban parish on the north-east side of Nottingham based on the northern part of the Old Urban District Council area of Arnold, the population of this is some 24,000. The clergy stipends together with housing costs are paid by the Church Commissioners and are not reflected in these accounts. The base and work centre is the Church of St Mary, situated in Church Lane, Arnold which is a stone building dating back some 700 years. The freehold of this is vested in the Diocesan Board of Finance of Southwell and Nottingham. On land next to and held by the Church was erected in about 1965 the building known as the Church Hall (or Family Centre) and this has received a major rebuilding. The PCC own 22 St Mary’s Close which is now being rented after it had been used as a base for the curate in the parish. Details of the main services are shown on page 3. 1 The church has various groups for fellowship and outreach, and these include Community Kitchen, Seniors Teas, and Youth and Children’s groups. The PCC is a corporate body established by the Church of England. The PCC operates under the PCC powers measure. The PCC is registered with the charity commissioners. The Parochial Church Council met on the 10 January 14 March, 7 June, 5 September and 7 November. Five members are elected each year for a three-year term at the Annual Meeting. Others may be co-opted. The appointment of PCC members is governed by and set out in the Church Representation Rules. ## **SUNDAY SERVICES** |1st. Sunday|2nd. Sunday|3rd. Sunday|4th. Sunday|5th. Sunday| |---|---|---|---|---| |9am. Holy
Communion
(BCP)|9am. Holy
Communion
(CW)||9am. Holy
Communion
(CW)|9am. Holy
Communion
(CW)| |10:30am.
Morning
Gathering|10:30am.
Morning
Gathering|10:30am.
Joint Service
including
Communion|10:30am.
Morning
Gathering|10:30am.
Morning
Gathering| 2 ## **MEMBERS OF THE PAROCHIAL CHURCH COUNCIL FOR 2023** **Vicar: Vacant** **Church Wardens: Mr Ian Rosillo Ms Angela Davidge** ## **Deanery Representatives:** **Mrs Larrie Thompson (until APCM) Mrs Kate Lake Ms Christine Peet** **Diocesan Synod: Mr Michael Bolton** ## **Elected Members:** **Ms Kirsty Aplin Mr Christopher Baker Mr Jake Chaplin Mr Alan Langton Mrs Sylvia Marshall Mrs Mary Norris Mrs Andrea Sands Mr Andrew Sands Mr Peter Spencer Mrs Melissa Watt (until APCM)** **Mrs Larrie Thompson Co-opted as Secretary Mr Brian West Co-opted as Treasurer** 3 ## **COMMITTEES OF ST MARY'S CHURCH ARNOLD** The PCC operates through the standing committee between full meetings of the PCC . ## **1. Standing Committee** Chairman – Vacant (The Vicar) The other committee members are: Church Wardens – Ian Rosillo and Angela Davidge PCC Secretary Larrie Thompson and PCC Treasurer Brian West. It has power to transact the urgent business of the PCC between its meetings and is the only committee required by law. ## **OBJECTIVES AND ACTIVITIES** The PCC is committed to enabling as many people as possible to worship at the church and to become part of the parish community. Our services and worship put faith into practice through prayer and scripture, music and sacrament. We try to enable ordinary people to live out and grow in their faith as part of our parish community through: a) Worship and prayer and teaching, helping them to grow in their relationship with God b) Provision of pastoral care for people living in the parish – Home Communions, Funeral/Bereavement visits. c)Outreach work – Messy Church, Community Kitchen, Tots, Baptisms and Funerals. To facilitate this work, it is important that we maintain the fabric of the Church of St Mary and the Church Family Centre. 4 ## **FINANCIAL REVIEW OF THE YEAR** The depressed economic situation following the covid closures had a serious effect on gatherings which led to reduced activities. The Church's main source of income is the Planned Giving which has for many years been operated through a gift aid scheme, a full renewal of which took place in September 2017. The amount received in 2023 was £44,639. The scheme basically encourages the payment of regular giving, usually by means of bank standing order or giving envelopes, with the view that income tax is recoverable on the giving under Gift Aid. Other normal income consists of collections both at normal services and specific services such as in respect of funerals. The church is thankful for the response to giving for special appeals. We are able to reclaim tax on various sources of income to a total of £7,880. The principal item of expenditure is the parish share. This is an apportionment of the costs of the Diocese of Southwell and Nottingham based on their actual and potential Church membership and ability to give. The amount finally apportioned to Arnold by the Gedling Deanery for the year to 31 December 2023 was £87,456. We paid £66,000, leaving £21,456 unpaid. The amount requested for 2024 is £72,000. The PCC is responsible for the maintenance of the church building and for clergy expenses. The church and the hall are insured for fire presently for £15,290,000. The other main items of income and expenditure relate to the Church Hall (or Family Centre). This is mostly let to church related organizations and receipts from this are shown at some £12,225 for the year. This amount was less than expected as the building had to be closed when the floor became uneven. This was repaired temporarily, and plans are in hand to do a complete depth reflooring. The cost of maintaining the building was £18,627. The finances were greatly assisted by a donation of £10,000. 5 Income will be reduced next year following the closure of St Mary’s preschool playgroup. The expected cost of the reflooring is some £20,000 and it is expected that Arnold Education Foundation may assist. The total church expenditure for the year was £107,100 and the total income was £108,702 leaving a deficit of income over expenditure of £1,602. The PCC own a property at 22 St Mary’s Close for church use. It was donated to the parish for use by a curate and is now being rented as there is currently no curate. The property is managed by a Lettings Agency. Grateful thanks continue to be offered to the many members who do unpaid work to enable the church to function so effectively. These accounts have been prepared under the Church Accounting Regulations 2006 and in accordance with the Charities SORP 2005 (FRS 102) and applicable accounting standards. ## **Signed on behalf of the PCC** ## **Ian Rosillo Churchwarden** ## **2 April 2024** 6 ## **ST MARY'S CHURCH, ARNOLD, NOTTINGHAM STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED** ## **31ST DECEMBER 2023** ||**INCOMING RESOURCES**|**Unrestricted**
**Funds**|**Restricted**
**Funds**|**Total**
**2023**|**Total**
**2022**| |---|---|---|---|---|---| ||**from Donors**
Planned Giving
Collections
Grants
Tax Recoverable
Wedding Collections
Funeral
Thanksgiving Appeal
Donations|44,639
6,358
3,000
7,880
36
6,540
11,232
**79,685**||44,639
6,358
3,000
7,880
36
6,540
11,232
**79,685**|46,508
5,239
650
16,685
186
125
5,815
10,599
**85,807**| ||**From Operating Activities**
Compass Magazine
Wedding & Funeral Fees
Sundry
Letting of Family Centre
Sunday Grps/Activity Week|1,381
4,943
1,269
12,225
1,296
**21,114**||1,381
4,943
1,269
12,225
1,296
**21,114**|2,317
4,610
708
12,758
1,148
**21,541**| ||**Activities Generating Funds**
Summer/Christmas Fairs||||653| ||**Income from Investments**
Rent – Parish House
Bank & Building Soc. Int|6,200
101
**107,100**||6,200
101
**107,100**|6,000
9
**114,010**| ||**Expenditure per schedule**
**Deficit of Income over**
**Expenditure**|108,702
(1,602)||108,702
(1,602)|101,768
**12,242**| ||**Allocation to funds**
General Fund|(1,602)||(1,602)|**12,242**| 7 ## **ST MARY'S CHURCH, ARNOLD, NOTTINGHAM STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2023** ||**RESOURCES EXPENDED**|**Unrestricted**
**Funds**|**Restricted**
**Funds**|**Total**
**2023**|**Total**
**2022**| |---|---|---|---|---|---| ||**Activities directly relating**
**to the work of the Church**
Diocesan Parish Share
Church Repairs
Clergy Working Exp.
Church Admin.
Church Heat & Light
Church Insurance
Service Requisites
Printing & Religious Lit.
Choir Expenses & Organ
Magazine Costs|66,000
1,250
-
2,425
4,881
4,289
517
798
1,792
2,757||66,000
1,250
-
2,425
4,881
4,289
517
798
1,792
2,757|60,000
2,321
262
2,268
4,071
3,684
375
1,040
1,853
2,180| ||**Family Centre Expenses**
Repairs & Maintenance
Insurance
Light & Heat
Caretaker
Family Centre
Sunday Grps/Activity Wk
Sundry Expenses
Bank Charges
St Mary’s Close
Donations & Gifts|6,789
2,145
4,655
5,038
1,637
412
211
3,106
-||6,789
2,145
4,655
5,038
1,637
412
211
3,106
-|5,444
1,856
4,142
4,667
1,287
403
253
5,662
-| ||||||| ||**Total Resources Expend.**|**108,702**||**108,702**|**101,768**| Parish Share: Amount allocated by Deanery £87,456 (2022 £78,797) actually paid £66,000 (2022 £60,000). Unpaid £21,456 (2022 £18,797) No employee earned £50,000 or more. Ian Rosillo (Director of Music) is employed at £1,000 per annum. 8 ## **ST. MARY'S CHURCH, ARNOLD, NOTTINGHAM** ## **BALANCE SHEET AS AT 31ST DECEMBER 2023** |||**2023**||**2022**|| |---|---|---|---|---|---| ||**Buildings **||||| ||Church Hall/Family Centre
Historical Cost 1stJanuary 2000
Less Depreciation|12,179
12,179|-|12,179
12,179|-| ||Family Centre Rebuilding Costs
Costs to 1stJanuary 2003
Less Family Centre Rebuilding
Fund|148,131
148,131|-|148,131
148,131|-| ||House–22 St Mary’s Closes
Cost to 31stDecember 2013||130,132||130,132| ||Current Assets
Debtors
Prepayments
Income Tax Recoverable
Bank Balances & Cash|-
2,438
15,235
4,136
**21,809**||973
312
10,656
23,348
**35,289**|| ||Less Current Liabilities
Loan Repayable 6 April 2023
Sundry Creditors
Community Street Care
Net Current Assets/(Liabilities)|16,181
3,450
**19,631**|2,178
**132,310**|10,000
18,059
3,450
**31,509**|3,780
**133,912**| ## **Note** : For current value of buildings see financial review page. 9 ## **ST. MARY'S CHURCH, ARNOLD, NOTTINGHAM BALANCE SHEET AS AT 31ST DECEMBER 2023 (Continued) - REPRESENTED BY:** ||**REPRESENTED BY:-**|||||| |---|---|---|---|---|---|---| |||**2023**|||**2022**|| ||**General Fund**|||||| ||Balance as at 1stJanuary 2023
(Loss)/ Surplus for the year|1,173
(1,602)||(429)|(11,070)
12,243|1,173| ||Family Centre Rebuilding Fund
(Restricted Fund)
Balance as at 1stJanuary 2012
Less Cost of Rebuilding|148,131
148,131||-|148,131
148,131|-| ||Housing Fund
Cost of House|||130,132||130,132| ||Appeal Funds (Restricted)
Tower/Roof Repairs
Balance at 1stJan 2023
Tower Repairs
Organ
Contributions Received||1,987
1,987
620|2,607
**132,310**|3,847
1,860
1,987
620|2,607
**133,912**| 10 ## **ST MARY’S CHURCH, ARNOLD, NOTTINGHAM ACCOUNTING POLICIES** The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCC’s together with applicable accounting standards and the current Statement of Recommended Practice, Accounting and Reporting by Charities (SORP102). The financial statements have been prepared under the historical cost convention. ## **Fund Accounting** Unrestricted funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Restricted Funds comprise revenue donations and grants for a specific PCC activity intended by the donor. Designated funds are general funds set aside by the PCC for use in the future. The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body or those that are informal gatherings of church members. ## **Incoming Resources** Planned Giving, collections and similar donations are recognized when received. Tax refunds on gift aid donations are recognized when the donation is received. ## **Other Income** Rental income from the letting of church premises has been recognised when the rental is paid. 11 ## **Resources Expended** Diocesan parish share is accounted for when paid. ## **FIXED ASSETS** ## _**Consecrated property and Movable Church Furnishings**_ Consecrated and beneficed property is not included in the accounts in accordance with s.10(2)(a) and (c) of the Charities Act 2011. Movable church furnishings held by the vicar and churchwardens on special trust for the PCC, and which require a faculty for disposal, are inalienable property listed in the church's inventory which can be inspected (at any reasonable time). For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Subsequently no individual item has cost the church more than £1,000 so all such expenditure has been written off when incurred. 12 **Charity No 1134021** ## **ST MARY’S CHURCH ARNOLD NOTTINGHAM** ## **ANNUAL REPORT IN RESPECT OF THE PAROCHIAL CHURCH COUNCIL** # **FOR THE FINANCIAL YEAR ENDED 31[ST] DECEMBER 2023** **Incumbent: Vacant The Vicarage, Church Lane, Arnold, Nottingham** **Bankers: HSBC Bank plc 26 Clumber Street Nottingham** ## **Independent Examiner: Mr G J Thomas 137 Gedling Road Arnold Nottingham** The St Mary’s Parochial Church Council (PCC) has the responsibility of co-operating with the Vicar in promoting in the ecclesiastical parish the whole mission of the Church of England, pastoral, evangelistic, social and ecumenical. The primary object is the promotion of the Gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England. The parish of Arnold is a large urban parish on the north-east side of Nottingham based on the northern part of the Old Urban District Council area of Arnold, the population of this is some 24,000. The clergy stipends together with housing costs are paid by the Church Commissioners and are not reflected in these accounts. The base and work centre is the Church of St Mary, situated in Church Lane, Arnold which is a stone building dating back some 700 years. The freehold of this is vested in the Diocesan Board of Finance of Southwell and Nottingham. On land next to and held by the Church was erected in about 1965 the building known as the Church Hall (or Family Centre) and this has received a major rebuilding. The PCC own 22 St Mary’s Close which is now being rented after it had been used as a base for the curate in the parish. Details of the main services are shown on page 3. 1 The church has various groups for fellowship and outreach, and these include Community Kitchen, Seniors Teas, and Youth and Children’s groups. The PCC is a corporate body established by the Church of England. The PCC operates under the PCC powers measure. The PCC is registered with the charity commissioners. The Parochial Church Council met on the 10 January 14 March, 7 June, 5 September and 7 November. Five members are elected each year for a three-year term at the Annual Meeting. Others may be co-opted. The appointment of PCC members is governed by and set out in the Church Representation Rules. ## **SUNDAY SERVICES** |1st. Sunday|2nd. Sunday|3rd. Sunday|4th. Sunday|5th. Sunday| |---|---|---|---|---| |9am. Holy
Communion
(BCP)|9am. Holy
Communion
(CW)||9am. Holy
Communion
(CW)|9am. Holy
Communion
(CW)| |10:30am.
Morning
Gathering|10:30am.
Morning
Gathering|10:30am.
Joint Service
including
Communion|10:30am.
Morning
Gathering|10:30am.
Morning
Gathering| 2 ## **MEMBERS OF THE PAROCHIAL CHURCH COUNCIL FOR 2023** **Vicar: Vacant** **Church Wardens: Mr Ian Rosillo Ms Angela Davidge** ## **Deanery Representatives:** **Mrs Larrie Thompson (until APCM) Mrs Kate Lake Ms Christine Peet** **Diocesan Synod: Mr Michael Bolton** ## **Elected Members:** **Ms Kirsty Aplin Mr Christopher Baker Mr Jake Chaplin Mr Alan Langton Mrs Sylvia Marshall Mrs Mary Norris Mrs Andrea Sands Mr Andrew Sands Mr Peter Spencer Mrs Melissa Watt (until APCM)** **Mrs Larrie Thompson Co-opted as Secretary Mr Brian West Co-opted as Treasurer** 3 ## **COMMITTEES OF ST MARY'S CHURCH ARNOLD** The PCC operates through the standing committee between full meetings of the PCC . ## **1. Standing Committee** Chairman – Vacant (The Vicar) The other committee members are: Church Wardens – Ian Rosillo and Angela Davidge PCC Secretary Larrie Thompson and PCC Treasurer Brian West. It has power to transact the urgent business of the PCC between its meetings and is the only committee required by law. ## **OBJECTIVES AND ACTIVITIES** The PCC is committed to enabling as many people as possible to worship at the church and to become part of the parish community. Our services and worship put faith into practice through prayer and scripture, music and sacrament. We try to enable ordinary people to live out and grow in their faith as part of our parish community through: a) Worship and prayer and teaching, helping them to grow in their relationship with God b) Provision of pastoral care for people living in the parish – Home Communions, Funeral/Bereavement visits. c)Outreach work – Messy Church, Community Kitchen, Tots, Baptisms and Funerals. To facilitate this work, it is important that we maintain the fabric of the Church of St Mary and the Church Family Centre. 4 ## **FINANCIAL REVIEW OF THE YEAR** The depressed economic situation following the covid closures had a serious effect on gatherings which led to reduced activities. The Church's main source of income is the Planned Giving which has for many years been operated through a gift aid scheme, a full renewal of which took place in September 2017. The amount received in 2023 was £44,639. The scheme basically encourages the payment of regular giving, usually by means of bank standing order or giving envelopes, with the view that income tax is recoverable on the giving under Gift Aid. Other normal income consists of collections both at normal services and specific services such as in respect of funerals. The church is thankful for the response to giving for special appeals. We are able to reclaim tax on various sources of income to a total of £7,880. The principal item of expenditure is the parish share. This is an apportionment of the costs of the Diocese of Southwell and Nottingham based on their actual and potential Church membership and ability to give. The amount finally apportioned to Arnold by the Gedling Deanery for the year to 31 December 2023 was £87,456. We paid £66,000, leaving £21,456 unpaid. The amount requested for 2024 is £72,000. The PCC is responsible for the maintenance of the church building and for clergy expenses. The church and the hall are insured for fire presently for £15,290,000. The other main items of income and expenditure relate to the Church Hall (or Family Centre). This is mostly let to church related organizations and receipts from this are shown at some £12,225 for the year. This amount was less than expected as the building had to be closed when the floor became uneven. This was repaired temporarily, and plans are in hand to do a complete depth reflooring. The cost of maintaining the building was £18,627. The finances were greatly assisted by a donation of £10,000. 5 Income will be reduced next year following the closure of St Mary’s preschool playgroup. The expected cost of the reflooring is some £20,000 and it is expected that Arnold Education Foundation may assist. The total church expenditure for the year was £107,100 and the total income was £108,702 leaving a deficit of income over expenditure of £1,602. The PCC own a property at 22 St Mary’s Close for church use. It was donated to the parish for use by a curate and is now being rented as there is currently no curate. The property is managed by a Lettings Agency. Grateful thanks continue to be offered to the many members who do unpaid work to enable the church to function so effectively. These accounts have been prepared under the Church Accounting Regulations 2006 and in accordance with the Charities SORP 2005 (FRS 102) and applicable accounting standards. ## **Signed on behalf of the PCC** ## **Ian Rosillo Churchwarden** ## **2 April 2024** 6 ## **ST MARY'S CHURCH, ARNOLD, NOTTINGHAM STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED** ## **31ST DECEMBER 2023** ||**INCOMING RESOURCES**|**Unrestricted**
**Funds**|**Restricted**
**Funds**|**Total**
**2023**|**Total**
**2022**| |---|---|---|---|---|---| ||**from Donors**
Planned Giving
Collections
Grants
Tax Recoverable
Wedding Collections
Funeral
Thanksgiving Appeal
Donations|44,639
6,358
3,000
7,880
36
6,540
11,232
**79,685**||44,639
6,358
3,000
7,880
36
6,540
11,232
**79,685**|46,508
5,239
650
16,685
186
125
5,815
10,599
**85,807**| ||**From Operating Activities**
Compass Magazine
Wedding & Funeral Fees
Sundry
Letting of Family Centre
Sunday Grps/Activity Week|1,381
4,943
1,269
12,225
1,296
**21,114**||1,381
4,943
1,269
12,225
1,296
**21,114**|2,317
4,610
708
12,758
1,148
**21,541**| ||**Activities Generating Funds**
Summer/Christmas Fairs||||653| ||**Income from Investments**
Rent – Parish House
Bank & Building Soc. Int|6,200
101
**107,100**||6,200
101
**107,100**|6,000
9
**114,010**| ||**Expenditure per schedule**
**Deficit of Income over**
**Expenditure**|108,702
(1,602)||108,702
(1,602)|101,768
**12,242**| ||**Allocation to funds**
General Fund|(1,602)||(1,602)|**12,242**| 7 ## **ST MARY'S CHURCH, ARNOLD, NOTTINGHAM STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2023** ||**RESOURCES EXPENDED**|**Unrestricted**
**Funds**|**Restricted**
**Funds**|**Total**
**2023**|**Total**
**2022**| |---|---|---|---|---|---| ||**Activities directly relating**
**to the work of the Church**
Diocesan Parish Share
Church Repairs
Clergy Working Exp.
Church Admin.
Church Heat & Light
Church Insurance
Service Requisites
Printing & Religious Lit.
Choir Expenses & Organ
Magazine Costs|66,000
1,250
-
2,425
4,881
4,289
517
798
1,792
2,757||66,000
1,250
-
2,425
4,881
4,289
517
798
1,792
2,757|60,000
2,321
262
2,268
4,071
3,684
375
1,040
1,853
2,180| ||**Family Centre Expenses**
Repairs & Maintenance
Insurance
Light & Heat
Caretaker
Family Centre
Sunday Grps/Activity Wk
Sundry Expenses
Bank Charges
St Mary’s Close
Donations & Gifts|6,789
2,145
4,655
5,038
1,637
412
211
3,106
-||6,789
2,145
4,655
5,038
1,637
412
211
3,106
-|5,444
1,856
4,142
4,667
1,287
403
253
5,662
-| ||||||| ||**Total Resources Expend.**|**108,702**||**108,702**|**101,768**| Parish Share: Amount allocated by Deanery £87,456 (2022 £78,797) actually paid £66,000 (2022 £60,000). Unpaid £21,456 (2022 £18,797) No employee earned £50,000 or more. Ian Rosillo (Director of Music) is employed at £1,000 per annum. 8 ## **ST. MARY'S CHURCH, ARNOLD, NOTTINGHAM** ## **BALANCE SHEET AS AT 31ST DECEMBER 2023** |||**2023**||**2022**|| |---|---|---|---|---|---| ||**Buildings **||||| ||Church Hall/Family Centre
Historical Cost 1stJanuary 2000
Less Depreciation|12,179
12,179|-|12,179
12,179|-| ||Family Centre Rebuilding Costs
Costs to 1stJanuary 2003
Less Family Centre Rebuilding
Fund|148,131
148,131|-|148,131
148,131|-| ||House–22 St Mary’s Closes
Cost to 31stDecember 2013||130,132||130,132| ||Current Assets
Debtors
Prepayments
Income Tax Recoverable
Bank Balances & Cash|-
2,438
15,235
4,136
**21,809**||973
312
10,656
23,348
**35,289**|| ||Less Current Liabilities
Loan Repayable 6 April 2023
Sundry Creditors
Community Street Care
Net Current Assets/(Liabilities)|16,181
3,450
**19,631**|2,178
**132,310**|10,000
18,059
3,450
**31,509**|3,780
**133,912**| ## **Note** : For current value of buildings see financial review page. 9 ## **ST. MARY'S CHURCH, ARNOLD, NOTTINGHAM BALANCE SHEET AS AT 31ST DECEMBER 2023 (Continued) - REPRESENTED BY:** ||**REPRESENTED BY:-**|||||| |---|---|---|---|---|---|---| |||**2023**|||**2022**|| ||**General Fund**|||||| ||Balance as at 1stJanuary 2023
(Loss)/ Surplus for the year|1,173
(1,602)||(429)|(11,070)
12,243|1,173| ||Family Centre Rebuilding Fund
(Restricted Fund)
Balance as at 1stJanuary 2012
Less Cost of Rebuilding|148,131
148,131||-|148,131
148,131|-| ||Housing Fund
Cost of House|||130,132||130,132| ||Appeal Funds (Restricted)
Tower/Roof Repairs
Balance at 1stJan 2023
Tower Repairs
Organ
Contributions Received||1,987
1,987
620|2,607
**132,310**|3,847
1,860
1,987
620|2,607
**133,912**| 10 ## **ST MARY’S CHURCH, ARNOLD, NOTTINGHAM ACCOUNTING POLICIES** The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCC’s together with applicable accounting standards and the current Statement of Recommended Practice, Accounting and Reporting by Charities (SORP102). The financial statements have been prepared under the historical cost convention. ## **Fund Accounting** Unrestricted funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Restricted Funds comprise revenue donations and grants for a specific PCC activity intended by the donor. Designated funds are general funds set aside by the PCC for use in the future. The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body or those that are informal gatherings of church members. ## **Incoming Resources** Planned Giving, collections and similar donations are recognized when received. Tax refunds on gift aid donations are recognized when the donation is received. ## **Other Income** Rental income from the letting of church premises has been recognised when the rental is paid. 11 ## **Resources Expended** Diocesan parish share is accounted for when paid. ## **FIXED ASSETS** ## _**Consecrated property and Movable Church Furnishings**_ Consecrated and beneficed property is not included in the accounts in accordance with s.10(2)(a) and (c) of the Charities Act 2011. Movable church furnishings held by the vicar and churchwardens on special trust for the PCC, and which require a faculty for disposal, are inalienable property listed in the church's inventory which can be inspected (at any reasonable time). For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Subsequently no individual item has cost the church more than £1,000 so all such expenditure has been written off when incurred. 12 ## **INDEPENDENT EXAMINER'S REPORT TO THE PAROCHIAL CHURCH COUNCIL** ## **OF ST MARY’S CHURCH, ARNOLD** I report on the accounts for the year ended 31 December 2023, which are set out on pages 7 to 12. ## **Respective responsibilities of the Trustees and the Independent Examiner** The charity trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to (1) examine the accounts under section 145 of the 2011 Act (2) follow the procedures laid down in the General Directions given by the Charity Commissioners section 145(5)(b) of the 2011 Act: and (3) State whether particular matters have come to my attention. ## **Basis of Independent Examiner’s Statement** My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the PCC and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the management committee concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in a full audit, and consequently I do not express an audit opinion on the accounts. ## **Independent Examiner's Statement** In connection with my examination, no matters has come to my attention: (1) which give me reasonable cause to believe that in any material respect the requirements . to keep accounting records in accordance with s. 130 of the 2011 Act; or . to prepare accounts which accord with the accounting records have not been met: or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. **Signed** : Mr G J Thomas A.C.M.A. 137 Gedling Road Arnold Nottingh am ## **Date: 26 April 2024**