ST. MARYS CHURCH, ARNOLD FINANCIAL REVIEW OF THE YEAR
The Church's main source of income is from 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 2025 was £46,722.34. 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 weddings and funerals. The church is thankful for the response to giving for occasional special appeals such as the Gift Day, during which we raised £8,825 plus Gift Aid. We can reclaim tax on various sources of income and managed to reclaim £15,874.83. during 2025.
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 2025 was £74880. We paid £37,440 leaving £37,440 unpaid. The amount requested for 2026 is £55,000.
The PCC is responsible for the maintenance of the church building and for clergy expenses. The church and the hall are fully insured.
The other main items of income and expenditure relate to the Church Hall (or Family Centre). This is mostly let to church related organisations and receipts from this were £10,591.60 for 2025. The cost of maintaining the building was £14,593.69, offset by a grant towards the repaired heating system of £4,860 from the diocese meaning the total cost of maintaining the Family Centre in 2025 was £9,733.69.
Electricity and Gas for the church and Family Centre was another significant cost during the year totalling £16,151.97 (15% of all costs). As a comparison, the cost of Electricity and Gas two years ago was (£9536) an increase of 69%.
The total church expenditure for the year was £104,976.81 and the total income was £109,120.28 leaving a surplus of income over expenditure of £4,143.47 which was only achieved by not paying the full parish share request.
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 it is now the diocese’s role to house a curate if necessary. The property is managed by a Lettings Agency.
As with most churches, the vast amount of assets are tied up in property, not easily converted to cash, so it is important that current levels of giving are maintained and increased to keep up with inflation. It is important that the church build up and maintain healthy cash reserves something that we have been working on, especially if we intend to employ more staff.
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
Independent Examiner: Mr Gary Stephenson Nottingham
Signed on behalf of the PCC Ian Rosillo Treasurer18 April 2026
ST. MARY'S CHURCH ARNOLD SUMMARY OF INCOME AND EXPENDITURE 2025 CEdldren's Th'oti. Oli Interest irAcome 2", 0 Funeral 11.'eddins income 1 GeIng deanery, Sequestration recei4.ed 010 GfftDai'OI? TOT.4L LNCOI £102.60 £8.17? £50. £2.i',l.', £8_8?! £109.1•0.•8 £110.186.00 £107.100.00 EVE.YSES Parochial Share 40$ 1.aqes J20 ErnploTrrynent costs 325 Insurance Jii Church gas 508 Fatyil!. Centre gas 512 Electncity.. church and FC. 507 Church maintenance i02 Farn1" centre IntenanCe 503 Gardening 520 -4dmJrn"5tration 521 Photocopier 511 Church intemet i04 rr softliare 2nd consumables 463 OFCOXfhcen5e i19 Bank. fees 404 Charitable donations 524 CEdldren's 510 Cler2I- j)) SidNia. Craig expenses 523 Sernice requisits 313 Parochial fees 501 Staff fees for fi]neTals 516, 7 Il'ater 525 TOT.4L ElNsEs -£43.440.00 £43,440.00 £4•,000.00 £66,000.00 -£2SO.SO -£7 )8110 -£).)99.60 £16,151J7 -£4.306.0", £1•978.1)0 £9 $36.00 -£14.i9).69 -£51S. -L?.506.89 -£",39.04 -£", 15_98 -£13i.(M) -£li9_80 -£i5",_61 See note -£4,41624 -£l.S!1.33 -Ll.06j. -£4SIJ5 109.836.81 £4.S60. Grants receii'ed TOT.4L EEsE.s LYC £104976.81 £109,68•.00 £108,70•.00 04.00 -£1,60:.00 4L.4NCE £4,143.47 ott to account& Expense5 include Sda1. seThice: fimeral and Tred¢hng fees of retired priest due to intetyegnum up to 9 No%"ember. TTrJese hal'e been refijnded ty the thocese sequestrauon process (bicorne 010) and funeTal Thedding incorne (Income
ST. MARY'S CHURCH, ARNOLD, BALANCE SHEET AS AT 31ST. DECEMBER 2025 2025 ASSETS FIXED ASSETS Family Centre (value at House {22 St. Mary's Total Fixed Assets £12,170.00 £190,000.00 £202,170.00 CURRENT ASSETS HSBC Current Account HSBC Savings Account Church of England Cash Gift Aid due Total Current Assets TOTAL ASSETS £8,487.43 £10,391.82 £419.75 £57.77 £6,000.00 £25,356.77 £227,526.77 LIABILITIES CURRENT LIABILITIES Architect for advising TOTAL LIABILITIES NET ASSETS £632.40 £632.40 £226,894.37 FUNDS Restricted funds House (22 St. Mary's Family Centrelvalue at Total Restricted Unrestricted Funds Designated reserves Desi nated reserves £190,000.00 £12,170.00 £202,170.00 £10,019.47 £372.35
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
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.
ST. MARYS CHURCH, ARNOLD FINANCIAL REVIEW OF THE YEAR
The Church's main source of income is from 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 2025 was £46,722.34. 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 weddings and funerals. The church is thankful for the response to giving for occasional special appeals such as the Gift Day, during which we raised £8,825 plus Gift Aid. We can reclaim tax on various sources of income and managed to reclaim £15,874.83. during 2025.
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 2025 was £74880. We paid £37,440 leaving £37,440 unpaid. The amount requested for 2026 is £55,000.
The PCC is responsible for the maintenance of the church building and for clergy expenses. The church and the hall are fully insured.
The other main items of income and expenditure relate to the Church Hall (or Family Centre). This is mostly let to church related organisations and receipts from this were £10,591.60 for 2025. The cost of maintaining the building was £14,593.69, offset by a grant towards the repaired heating system of £4,860 from the diocese meaning the total cost of maintaining the Family Centre in 2025 was £9,733.69.
Electricity and Gas for the church and Family Centre was another significant cost during the year totalling £16,151.97 (15% of all costs). As a comparison, the cost of Electricity and Gas two years ago was (£9536) an increase of 69%.
The total church expenditure for the year was £104,976.81 and the total income was £109,120.28 leaving a surplus of income over expenditure of £4,143.47 which was only achieved by not paying the full parish share request.
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 it is now the diocese’s role to house a curate if necessary. The property is managed by a Lettings Agency.
As with most churches, the vast amount of assets are tied up in property, not easily converted to cash, so it is important that current levels of giving are maintained and increased to keep up with inflation. It is important that the church build up and maintain healthy cash reserves something that we have been working on, especially if we intend to employ more staff.
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
Independent Examiner: Mr Gary Stephenson Nottingham
Signed on behalf of the PCC Ian Rosillo Treasurer18 April 2026
ST. MARY'S CHURCH ARNOLD SUMMARY OF INCOME AND EXPENDITURE 2025 CEdldren's Th'oti. Oli Interest irAcome 2", 0 Funeral 11.'eddins income 1 GeIng deanery, Sequestration recei4.ed 010 GfftDai'OI? TOT.4L LNCOI £102.60 £8.17? £50. £2.i',l.', £8_8?! £109.1•0.•8 £110.186.00 £107.100.00 EVE.YSES Parochial Share 40$ 1.aqes J20 ErnploTrrynent costs 325 Insurance Jii Church gas 508 Fatyil!. Centre gas 512 Electncity.. church and FC. 507 Church maintenance i02 Farn1" centre IntenanCe 503 Gardening 520 -4dmJrn"5tration 521 Photocopier 511 Church intemet i04 rr softliare 2nd consumables 463 OFCOXfhcen5e i19 Bank. fees 404 Charitable donations 524 CEdldren's 510 Cler2I- j)) SidNia. Craig expenses 523 Sernice requisits 313 Parochial fees 501 Staff fees for fi]neTals 516, 7 Il'ater 525 TOT.4L ElNsEs -£43.440.00 £43,440.00 £4•,000.00 £66,000.00 -£2SO.SO -£7 )8110 -£).)99.60 £16,151J7 -£4.306.0", £1•978.1)0 £9 $36.00 -£14.i9).69 -£51S. -L?.506.89 -£",39.04 -£", 15_98 -£13i.(M) -£li9_80 -£i5",_61 See note -£4,41624 -£l.S!1.33 -Ll.06j. -£4SIJ5 109.836.81 £4.S60. Grants receii'ed TOT.4L EEsE.s LYC £104976.81 £109,68•.00 £108,70•.00 04.00 -£1,60:.00 4L.4NCE £4,143.47 ott to account& Expense5 include Sda1. seThice: fimeral and Tred¢hng fees of retired priest due to intetyegnum up to 9 No%"ember. TTrJese hal'e been refijnded ty the thocese sequestrauon process (bicorne 010) and funeTal Thedding incorne (Income
ST. MARY'S CHURCH, ARNOLD, BALANCE SHEET AS AT 31ST. DECEMBER 2025 2025 ASSETS FIXED ASSETS Family Centre (value at House {22 St. Mary's Total Fixed Assets £12,170.00 £190,000.00 £202,170.00 CURRENT ASSETS HSBC Current Account HSBC Savings Account Church of England Cash Gift Aid due Total Current Assets TOTAL ASSETS £8,487.43 £10,391.82 £419.75 £57.77 £6,000.00 £25,356.77 £227,526.77 LIABILITIES CURRENT LIABILITIES Architect for advising TOTAL LIABILITIES NET ASSETS £632.40 £632.40 £226,894.37 FUNDS Restricted funds House (22 St. Mary's Family Centrelvalue at Total Restricted Unrestricted Funds Designated reserves Desi nated reserves £190,000.00 £12,170.00 £202,170.00 £10,019.47 £372.35
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
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.
Ind•p•nd•nt •xamln•rf• r•port to th• PCC of St Mary'•, Arnold, Nott• I report to the PCC (charity trustees) on my examination of the annual accounts of St Mary's Church for the year ended 31 December 2025. R•4POn•lblllll•8 and ba818 01 report As the trustees of the Church you are responsible for the preparation of the accounts in accordance wrth requirements of the Charities Act 2011 (Ihe Act,). I report in respect of my examination of the Church's accounts Carr out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable directions gNen by the Charity Commission under section 145{5)(b) of the Act. Indopend•nt examln•r'8 •tat•m•nl l ¢onfinn that l am qualified to undertake the examination because I hold a Diplc¥na in Charty Accounting. I have comp18ted my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Charity as required by se¢lion 130 of the Act.. or the accounts do not accord wtth those records,. or the accounts do nol compty wtth the accounting requirements conming the fonn and content of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Yrue arrtl fai view whi¢h 1$ not a matter considered as part of an independent examination. I have rn conwns and have come across no other matter6 in connection with the examination to which attention should be drawn in this report in order to enable a Proper understanding of the accounts to be reached. Gary Stephenson, DC1. Msc 24 April 2026 21 Gwenbrook Road. Bee8ton Nottinghom. NG9 4AZ