**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 y￿r 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 y￿r 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 prOc￿Ure8 laid down in th• Ggn•ral Direction8 g>von by the Charity c(￿￿18￿10ner8 8•ctlon 145(5) (b) of th• 2011 Act: arKI (3) ststè whath•r ￿rticular mattèr8 hav• crds k￿e by th• PCC and a cL¥toari80n of the account8 presented with th088 records. It also includ•s con8id•ration of any unusual it￿S or di8c108ur•s in the account8 and 8••kiDq explanations frc*n th• maTrag￿￿nt eCmlltt￿ concérnlng any 8ueh Matters. The procadures undertaken do not pro*ridè all tho evidence that vould be required full audit, and con8equentLy I do not éxpre88 an audit opinlon on th• account8. Ind• ndent Exalluner, 8 stat￿￿t In connectson with ry •xawnatLon, no matt•r8 ha8 tX*D8 to att•ntxon: (l) which give r•asonable eau8• to b•li•v• that in any MHt•rial reS￿et th• to ké•p accounting rocord4 in accordanc• wlth 8. 130 of th• 2011 Act,. or . to prepar• accounts which accord with tha accounting r•cord8 ha￿ not been m•t: or (2) to which, In rny opinion, att•ntion should be drafAn in order ts wbl• a propar under8tanding 0£ tho aceount8 to be reachad. sign￿1. Mr G J ThC￿3 A.C.M.A. 137 Godllng Road Arnold Nottinghaffl Dat•: 26 April 2025