Charity No 1134021
ST MARY’S CHURCH ARNOLD NOTTINGHAMSHIRE ANNUAL REPORT IN RESPECT OF THE PAROCHIAL CHURCH COUNCIL FOR THE FINANCIAL YEAR ENDED 31[ST] DECEMBER 2024
Incumbent : Vacant
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 northeast 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 and 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 5
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 30 January 2 April, 23 April 25 June, 3 September and 5 November. Five members are elected each year for a three-year term at the Annual Meeting. Others may be coopted. The appointment of PCC members is governed by and set out in the Church Representation Rules.
2
MEMBERS OF THE PAROCHIAL CHURCH COUNCIL FOR 2024
Vicar: Vacant
Church Wardens: Mr Ian Rosillo Ms Angela Davidge
Reader(Emeritus): Mr Alan Langton
Deanery Representatives
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
Mr Terence Poon (from AGM)
Mrs Andrea Sands (to AGM)
Mr Andrew Sands
Mrs Pam Shelton (from AGM)
Mr Peter Spencer
Mrs Larrie Thompson – Co-opted as Secretary
Mrs Melissa Watt
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 – 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.
- Community Street Care Arnold (CSCA)
This charity was set up in March 2012 by a group of church members. The object of the charity is youth and community work in Arnold. As a condition of receiving an initial grant from the diocese it was necessary to agree that the trustees would be appointed by the PCC. The present trustees are Larrie Thompson, Michael Bolton, Brian West, David Rodgers and Peter Spencer. This has been dormant all year.
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.
4
- 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.
SUNDAY SERVICES
The present pattern of services comprises
09.00 am Parish Communion traditional Common Worship except first Sunday of each month when it’s Book of Common Prayer.
10.30am Morning Worship (Informal) with 3rd Sunday per month a Joint Communion Service.
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 |
ST. MARYS CHURCH, ARNOLD FINANCIAL REVIEW OF THE YEAR
5
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 2024 was £46,638. 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 can reclaim tax on various sources of income to a total of £6,966 (Net of costs).
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 2024 was £72,000. We paid £42,000 leaving £30,000 unpaid. The amount requested for 2025 is £74,880
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 £15,790,000.
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 £5,620 for the year. This amount was less than expected as the building was partly closed during the year. The cost of maintaining the building was £43,350 which included in depth reflooring. The finances were helped by an appeal for the flooring which raised some £20,467.
6
The total church expenditure for the year was £109,682 and the total income was £110,186 leaving a surplus of income over expenditure of £504 which was only achieved by reducing the payment of the parish share.
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 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
25 March 2025
7
ST MARY'S CHURCH, ARNOLD, NOTTINGHAM STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024
| INCOMING RESOURCES | Unrestricted Funds |
Restricted Funds |
Total 2024 |
Total 2023 |
|
|---|---|---|---|---|---|
| from Donors Planned Giving Collections Grants Tax Recoverable Wedding Collections Funeral Flooring Appeal Thanksgiving Appeal Donations |
46,638 6,235 6,427 6,966 69 20,467 - 3,882 90,684 |
46,638 6,235 6,427 6,966 69 20,467 - 3,882 90,684 |
44,639 6,358 3,000 7,880 36 - 6,540 11,232 79,685 |
||
| From Operating Activities Compass Magazine Wedding & Funeral Fees Sundry Letting of Family Centre Sunday Grps/Activity Week |
340 5,775 1,084 5,620 - 12,819 |
340 5,775 1,084 5,620 - 12,819 |
1,381 4,943 1,269 12,225 1,296 21,114 |
||
| Activities Generating Funds Summer/Christmas Fairs |
|||||
| Income from Investments Rent – Parish House Bank & Building Soc. Int |
6,600 83 110,186 |
6,600 83 110,186 |
6,200 101 107,100 |
||
| Expenditure per schedule Deficit of Income over Expenditure |
109,682 504 |
109,682 504 |
108,702 (1,602) |
||
| Allocation to funds General Fund |
504 | 504 | (1,602) |
8
ST MARY'S CHURCH, ARNOLD, NOTTINGHAM STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024
| RESOURCES EXPENDED | Unrestricted Funds |
Restricted Funds |
Total 2024 |
Total 2023 |
|
|---|---|---|---|---|---|
| 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 |
42,000 3,425 148 2,477 5,235 4,406 748 2,363 1,221 483 |
42,000 3,425 148 2,477 5,235 4,406 748 2,363 1,221 483 |
66,000 1,250 - 2,425 4,881 4,289 517 798 1,792 2,757 |
||
| Family Centre Expenses Repairs & Maintenance Insurance Light & Heat Caretaker Sunday Grps/Activity Wk Sundry Expenses Bank Charges St Mary’s Close Donations & Gifts |
27,904 2,203 7,743 5,500 170 115 189 1,770 1,580 |
27,904 2,203 7,743 5,500 170 115 189 1,770 1,580 |
6,789 2,145 4,655 5,038 1,637 412 211 3,106 - |
||
| Total Resources Expend. | 109,680 | 109,680 | 108,702 |
Parish Share
Amount allocated by deanery £72,000 (2023 £87,456) actually paid £42,000 (2022 £66,000) Unpaid £30,000 (2023 £21,456)
Employees
No employees earned £50,000 or more.
Ian Rosillo (Director of Music) is employed at £1,000 per annum
ST. MARY'S CHURCH, ARNOLD, NOTTINGHAM
9
BALANCE SHEET AS AT 31ST DECEMBER 2024
| Unrestricted Funds |
Unrestricted Funds |
Restricted Funds |
Total 2024 |
Total 2024 |
Total 2023 |
||
|---|---|---|---|---|---|---|---|
| Fixed Assetss | |||||||
| Church Hall/Family Centre Historical Cost 1stJanuary 2000 |
12,179 | 12,179 | 12,179 | ||||
| Family Centre Rebuilding Costs Costs to 1stJanuary 2003 |
148,131 | 148,131 | 148,131 | ||||
| House–22 St Mary’s Closes Cost to 31stDecember 2013 |
160,310 | 130,132 130,132 |
130,132 290,442 |
130,132 290,442 |
|||
| Current Assets Debtors Prepayments Income Tax Recoverable |
1,285 1,140 9,400 11,825 |
1,285 1,140 9,400 11,825 |
- 2,438 15,235 17,673 |
||||
| Cash Funds Tower Roof Organ Vicars Fund General Fund Bank Balances & Cash |
16,876 16,876 28,701 |
- - - 16,876 16,876 28,701 |
1,987 620 1,000 529 4,136 21,809 |
||||
| Less Current Liabilities Sundry Creditors Community Street Care Net Current Assets/(Liabilities) |
25,173 3,450 28,623 78 160,388 |
130,132 | 25,173 3,450 28,623 78 290,520 |
16,181 3,450 19,631 2,178 292,620 |
Note : For current value of buildings see financial review page.
ST. MARY'S CHURCH, ARNOLD, NOTTINGHAM
10
BALANCE SHEET AS AT 31ST DECEMBER 2024 (Continued) - REPRESENTED BY:
| Unrestricted | Restricted | Total 2024 |
Total 2023 |
|
|---|---|---|---|---|
| General Fund | ||||
| Balance as at 1stJanuary 2024 (Loss)/ Surplus for the year |
(429) 504 75 |
(429) 504 75 |
1,173 (1,602) (429) |
|
| Church Hall/Family Centre Historical Cost 1stJan 2000 |
12,179 | 12,179 | 12,179 | |
| Family Centre Rebuilding Fund Balance as at 1stJanuary 2000 |
148,131 160,385 |
148,131 160,385 |
148,131 159,881 |
| Restricted Funds | |||||
|---|---|---|---|---|---|
| Housing Funds Cost of House |
130,132 | 130,132 | 130,132 | ||
| Appeals Funds Tower/Roof Repairs Balance 1stJan 2023 Expenditure 2024 |
1,987 1,987 |
1,987 | |||
| Organ Contributions Received Expenditure 2024 |
620 620 |
620 | |||
| 160,385 | 130,132 130,132 |
130,132 290,517 |
132,739 292,620 |
11
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. The appeals in respect of work on the tower/roof and the organ are restricted funds. Three small items have to be completed on the tower
which although started early in the year had to be halted for a period in the spring to meet government regulations. One donation by agreement has been used to meet the shortfall on the house at St Marys Close when acquired.
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.
12
Other Income
Rental income from the letting of church premises has been recognised when the rental is paid
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.
13
Charity No 1134021
ST MARY’S CHURCH ARNOLD NOTTINGHAMSHIRE ANNUAL REPORT IN RESPECT OF THE PAROCHIAL CHURCH COUNCIL FOR THE FINANCIAL YEAR ENDED 31[ST] DECEMBER 2024
Incumbent : Vacant
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 northeast 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 and 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 5
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 30 January 2 April, 23 April 25 June, 3 September and 5 November. Five members are elected each year for a three-year term at the Annual Meeting. Others may be coopted. The appointment of PCC members is governed by and set out in the Church Representation Rules.
2
MEMBERS OF THE PAROCHIAL CHURCH COUNCIL FOR 2024
Vicar: Vacant
Church Wardens: Mr Ian Rosillo Ms Angela Davidge
Reader(Emeritus): Mr Alan Langton
Deanery Representatives
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
Mr Terence Poon (from AGM)
Mrs Andrea Sands (to AGM)
Mr Andrew Sands
Mrs Pam Shelton (from AGM)
Mr Peter Spencer
Mrs Larrie Thompson – Co-opted as Secretary
Mrs Melissa Watt
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 – 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.
- Community Street Care Arnold (CSCA)
This charity was set up in March 2012 by a group of church members. The object of the charity is youth and community work in Arnold. As a condition of receiving an initial grant from the diocese it was necessary to agree that the trustees would be appointed by the PCC. The present trustees are Larrie Thompson, Michael Bolton, Brian West, David Rodgers and Peter Spencer. This has been dormant all year.
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.
4
- 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.
SUNDAY SERVICES
The present pattern of services comprises
09.00 am Parish Communion traditional Common Worship except first Sunday of each month when it’s Book of Common Prayer.
10.30am Morning Worship (Informal) with 3rd Sunday per month a Joint Communion Service.
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 |
ST. MARYS CHURCH, ARNOLD FINANCIAL REVIEW OF THE YEAR
5
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 2024 was £46,638. 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 can reclaim tax on various sources of income to a total of £6,966 (Net of costs).
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 2024 was £72,000. We paid £42,000 leaving £30,000 unpaid. The amount requested for 2025 is £74,880
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 £15,790,000.
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 £5,620 for the year. This amount was less than expected as the building was partly closed during the year. The cost of maintaining the building was £43,350 which included in depth reflooring. The finances were helped by an appeal for the flooring which raised some £20,467.
6
The total church expenditure for the year was £109,682 and the total income was £110,186 leaving a surplus of income over expenditure of £504 which was only achieved by reducing the payment of the parish share.
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 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
25 March 2025
7
ST MARY'S CHURCH, ARNOLD, NOTTINGHAM STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024
| INCOMING RESOURCES | Unrestricted Funds |
Restricted Funds |
Total 2024 |
Total 2023 |
|
|---|---|---|---|---|---|
| from Donors Planned Giving Collections Grants Tax Recoverable Wedding Collections Funeral Flooring Appeal Thanksgiving Appeal Donations |
46,638 6,235 6,427 6,966 69 20,467 - 3,882 90,684 |
46,638 6,235 6,427 6,966 69 20,467 - 3,882 90,684 |
44,639 6,358 3,000 7,880 36 - 6,540 11,232 79,685 |
||
| From Operating Activities Compass Magazine Wedding & Funeral Fees Sundry Letting of Family Centre Sunday Grps/Activity Week |
340 5,775 1,084 5,620 - 12,819 |
340 5,775 1,084 5,620 - 12,819 |
1,381 4,943 1,269 12,225 1,296 21,114 |
||
| Activities Generating Funds Summer/Christmas Fairs |
|||||
| Income from Investments Rent – Parish House Bank & Building Soc. Int |
6,600 83 110,186 |
6,600 83 110,186 |
6,200 101 107,100 |
||
| Expenditure per schedule Deficit of Income over Expenditure |
109,682 504 |
109,682 504 |
108,702 (1,602) |
||
| Allocation to funds General Fund |
504 | 504 | (1,602) |
8
ST MARY'S CHURCH, ARNOLD, NOTTINGHAM STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024
| RESOURCES EXPENDED | Unrestricted Funds |
Restricted Funds |
Total 2024 |
Total 2023 |
|
|---|---|---|---|---|---|
| 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 |
42,000 3,425 148 2,477 5,235 4,406 748 2,363 1,221 483 |
42,000 3,425 148 2,477 5,235 4,406 748 2,363 1,221 483 |
66,000 1,250 - 2,425 4,881 4,289 517 798 1,792 2,757 |
||
| Family Centre Expenses Repairs & Maintenance Insurance Light & Heat Caretaker Sunday Grps/Activity Wk Sundry Expenses Bank Charges St Mary’s Close Donations & Gifts |
27,904 2,203 7,743 5,500 170 115 189 1,770 1,580 |
27,904 2,203 7,743 5,500 170 115 189 1,770 1,580 |
6,789 2,145 4,655 5,038 1,637 412 211 3,106 - |
||
| Total Resources Expend. | 109,680 | 109,680 | 108,702 |
Parish Share
Amount allocated by deanery £72,000 (2023 £87,456) actually paid £42,000 (2022 £66,000) Unpaid £30,000 (2023 £21,456)
Employees
No employees earned £50,000 or more.
Ian Rosillo (Director of Music) is employed at £1,000 per annum
ST. MARY'S CHURCH, ARNOLD, NOTTINGHAM
9
BALANCE SHEET AS AT 31ST DECEMBER 2024
| Unrestricted Funds |
Unrestricted Funds |
Restricted Funds |
Total 2024 |
Total 2024 |
Total 2023 |
||
|---|---|---|---|---|---|---|---|
| Fixed Assetss | |||||||
| Church Hall/Family Centre Historical Cost 1stJanuary 2000 |
12,179 | 12,179 | 12,179 | ||||
| Family Centre Rebuilding Costs Costs to 1stJanuary 2003 |
148,131 | 148,131 | 148,131 | ||||
| House–22 St Mary’s Closes Cost to 31stDecember 2013 |
160,310 | 130,132 130,132 |
130,132 290,442 |
130,132 290,442 |
|||
| Current Assets Debtors Prepayments Income Tax Recoverable |
1,285 1,140 9,400 11,825 |
1,285 1,140 9,400 11,825 |
- 2,438 15,235 17,673 |
||||
| Cash Funds Tower Roof Organ Vicars Fund General Fund Bank Balances & Cash |
16,876 16,876 28,701 |
- - - 16,876 16,876 28,701 |
1,987 620 1,000 529 4,136 21,809 |
||||
| Less Current Liabilities Sundry Creditors Community Street Care Net Current Assets/(Liabilities) |
25,173 3,450 28,623 78 160,388 |
130,132 | 25,173 3,450 28,623 78 290,520 |
16,181 3,450 19,631 2,178 292,620 |
Note : For current value of buildings see financial review page.
ST. MARY'S CHURCH, ARNOLD, NOTTINGHAM
10
BALANCE SHEET AS AT 31ST DECEMBER 2024 (Continued) - REPRESENTED BY:
| Unrestricted | Restricted | Total 2024 |
Total 2023 |
|
|---|---|---|---|---|
| General Fund | ||||
| Balance as at 1stJanuary 2024 (Loss)/ Surplus for the year |
(429) 504 75 |
(429) 504 75 |
1,173 (1,602) (429) |
|
| Church Hall/Family Centre Historical Cost 1stJan 2000 |
12,179 | 12,179 | 12,179 | |
| Family Centre Rebuilding Fund Balance as at 1stJanuary 2000 |
148,131 160,385 |
148,131 160,385 |
148,131 159,881 |
| Restricted Funds | |||||
|---|---|---|---|---|---|
| Housing Funds Cost of House |
130,132 | 130,132 | 130,132 | ||
| Appeals Funds Tower/Roof Repairs Balance 1stJan 2023 Expenditure 2024 |
1,987 1,987 |
1,987 | |||
| Organ Contributions Received Expenditure 2024 |
620 620 |
620 | |||
| 160,385 | 130,132 130,132 |
130,132 290,517 |
132,739 292,620 |
11
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. The appeals in respect of work on the tower/roof and the organ are restricted funds. Three small items have to be completed on the tower
which although started early in the year had to be halted for a period in the spring to meet government regulations. One donation by agreement has been used to meet the shortfall on the house at St Marys Close when acquired.
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.
12
Other Income
Rental income from the letting of church premises has been recognised when the rental is paid
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.
13
IND£PENDENT EXAMINERIS REPORT TO THE PAB£ThIAL CHURCH CCiINCIL
OF ST MARY, S CHURCH AR1401D
I report on th• account8 for the yr endad 31 Dgcwbèr 2024, which ara 84t out on
paqo8 6 to 10.
tiva r88
nsibilities of th• Truste•8 and tha I
Thé charlty truitaas eon8ider that an audit 18 not rwJired for this yr undar
section 144 (21 of the Charitie8 Act 2011 (th• 2011 >£t) and that an indapandent
It 18 Thy r•8pon3iblllty to
ne the accounta under Sèction 145 of the 2011 Act
follov the prOcUre8 laid down in th• Ggn•ral Direction8 g>von by the
Charity c(1810ner8 8•ctlon 145(5) (b) of th• 2011 Act: arKI
(3)
ststè whath•r rticular mattèr8 hav• c<xD• to rry att•ntion.
Basis of Ind•
nt Exwner, 8 Statwwit
exwnation was carried out in accordance th th• Goneral Dlrection8 gxvan by
the Charity Cmission.
An a?1nation Includes a r•riew of the aeeounting ro