2020-12-31-accounts

	PCC Membership	from 7 April 2019	PCC Membership	from
	to 25 October 2020		25October 2020
Vicar	Revd Tom Gillum		Revd Tom Gillum
	Revd Grant Walton		Revd Grant Walton
Wardens	Tony Mitchell		Tony Mitchell
	Nicholas Turner		Nicholas Turner
Deanery Synod Representatives	Margaret Wiedemann		Kevin Hancox
	Kevin Hancox
Lay Members ofthe PCC	Peter Bartlett		Peter Bartlett
	Allyson Eastwood		Rachel Fiskin
	Jean Hammonds		Jean Hammonds
	Yvonne Hamss		Emlyn Jones
	Martyn Knight		Martyn Knight
	Emlyn Jones		Giacomo James Persisco
	Lorna Richardson		Lorna Richardson
	Len Simmonds		Len Simmonds
	Jonathan Stork		Jonathan Stork
			Margaret Wiedemann
Co —Opted Member	Bethan Mitchell		Bethan Mitchell
PCC Secretary	Len Simmonds		Len Simmonds

Statement offinancial a	c	tivit	ies	for the y	ear ended 31 Dec	ember 2020
					Unrestricted	Restricted	Endowment	Total	funds
				Note	Funds	Funds	Funds	2020	2019
					6		Z	E	6
Income and endowments		from:
Donations and legacies				2(a)	86,481	5,299		91,780	137,577
Income from charitable
activities				2(b)	12,994			12,994	59,784
Other trading activities Investments Other income				2(c) 2(d) 2(e)	4,953 22,249 41,184	1,643	870	4,953 24,762 41,184	8,661 32,337 9,373
Total income and endowments					167,861	6,942	870	175,673	247,732
Expenditure on:
Investment management	costs			3(a)	3,130			3,130	3,462
Expenditure on charitable
activities				3(b)	237,208	5,223		242,431	243,144
Total expenditure					240,338	5,223		245,561	246,606
Net (expenditure)/income before gains on investment assets					(72,477)	1,719	870	(69,888)	1,126
(Loss)/Gains on investment			assets		(44,904)	3,034	1,773	(40,097)	113,409
Net (expenditure)/income					(117,381)	4,753	2,643	(109,985)	114,535
Net movement in funds
Balances brought forward 1 January 2020		at			1,115,938	128,401	30,754	1,275,093	1,160,558
Balances carried forward		at
31 December 2020					998,557	133,154	33,397	1,165,108	1,275,093

					Note	Note		2020	2019
								8
Fixed Assets
Investment	assets							1,001,262	1,048,518
								1,001,262	1,048,518
Current assets
Debtors								62,873	37,810
Investments	- short		term	deposits				28,246	64,655
Cash at bank and in			hand					80,372	134,258
								171,491	236,723
Liabilities: amounts		falling		due:
within one year								7,645	10,148
Net current assets								163,846	226,575
Total Net Assets								1,155,108	1,275,093
Parish funds
Unrestricted								998,557	1,115,938
Restricted					10			133,154	128,401
Permanent endowment								33,397	30,754
								1,165,108	1,275,093
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2	Income and endowments	from:	from:
				Unrestricted	Restricted		Total	Unrestricted	Restricted	Total
				Funds	Funds		2020	Funds	Funds	2019
				6			6	6		6
	(a) Donations and legacies
	Planned giving - Gift Aid donations			53,752			53,752	57,731		57,731
	- Income tax recoverable			11,220			11,220	26,137		26,137
	- Other planned giving			2,141			2,141	10,126		10,126
	Collections (open plate) Donations, appeals etc Legacies		at all services	3,455 15,913	5,299		3,455 21,212	10,860 14,238 2,461	11,319 4,705	10,860 25,557 7,166
				86,481	5,299		91,780	121,553	16,024	137,577
	(b) income from charitable Church lettings		activities	12,232			12,232	53,076		53,076
	Fees			762			762	6,708		6,708
				12,994			12,994	59,784		59,784
	(c) Other trading activities Coffee			140			140	712		712
	Fund raising activities			4,813			4,813	7,949		7,949
				4,953			4,953	8,661		8,661
	(d) Investments Bank interest			362	12		374	751	15	766
	Income on investments			21,887	2,501		24,388	28,980	2,591	31,571
				22,249	2,513		24,762	29,731	2,606	32,337
	(e) Other income VAT recovered			1,811			1,811	6,788	1,585	8,373
	Grants			1,000			1,000	1,000		1,000
	SDBFSalary reimbursed			38,373			38,373
				41,184			41,184	7,788	1,585	9,373
	Total income and endowments			167,861	7,812	175,673		227,517	20,215	247,732

3	Expenditure on:
				Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
				Funds 6	Funds 6	2020 6	Funds 6	Funds f	2019 6
	(a) investment management Investment advice		costs	3,130		3130	3462		3,462
				3,130		3,130	3,462		3,462
	(b) Expenditure on charitable		activities
	Missionary and charitable		giving
	(note 14)			7,268		7,268	12,457	1,495	13,952
	Parish share			50,000		50,000	50,000		50,000
	Verger's expenses						124		124
	Sanctuary and clergy Insurance	expenses		1,162 16,061		1,162 16,061	2,604 15,857		2,604 15,857
	Heat, light and water Major repairs			26,166 6,957	2,568	26,166 9,525	23,402 9,604	9,510	23,402 19,114
	Routine maintenance	and	repairs	10,595		10,595	16,284		16,284
	Fundraising costs Flower fund			1,940 177		1,940 177	10,867 2,818		10,867 2,816
	Salaries			103,211		103,211	62,088		62,088
	Music costs				2,655	2,655		11,893	11,893
	Administration costs			1,454		1,454	1,592		1,592
	Telephone and wifi			895		895	1,288		1,288
	Computer and ITcosts Postage and stationery Sundry expenses Accountancy fees			7,329 1,306 702 1,985		7,329 1,306 702 1,985	7,605 1,599 305 1,752		7,605 1,599 305 1,752
				237,208	5,223	242,431	220,246	22,898	243,144
	Total Expenditure			240,338	5,223	245,561	223,708	22,898	246,606

ents
				Historic	Fair value
				Cost	2020	2019
					0	6
General Fund
T Bailey Investments				200,000	237,272	218,175
9,252.149M&G Charifund			units	142,131	126,992	153,649
Brewin Dolphin				500,777	551,556	596,059
				842,908	915,820	967,883
Endowment Fund
St Mary Chancel	Fund
61 Central Board	ofFinance Investment
Fund units				399	1,250	1,168
St Catherine Memorial		Fund
1,044.49 Central	Board of		Finance Investment
Fund units				13,563	21,398	20,022
St Mary Fabric Fund
56.2 Central Board of Finance Investment
Fund units				555	1,151	1,077
St Mary Fabric Fund
4,214.18Central	Board of		Finance Investment
Fund units				4,401	7,149	6,906
				18,918	30,948	29,173

estments	(c	ontinued)
			Historic	Fair value
			Cost	2020	2019
			6	F	8
Restricted	Fund
St Mary Canon White
9,234.943	Central Board ofFinance Investment
Fund shares			14,977	15,663	15,130
St Mary Canon White
1,817.37 Central Board ofFinance Investment
Fund units			22,465	37,233	34,837
St Mary Curates
78 Central	Board of Finance Investment
Fund units			492	1,598	1,495
			37,934	54,494	51,462
			899,760	1,001,262	1,048,518
				2020	2019
				8
At valuation		1 January 2020		1,048,518	935,221
Additions				144,784	108,124
Disposals				(163,923)	(104,978)
Revaluation				(28,117)	110,151
Fair value	at	31 December 2020		1,001,262	1,048,518
Cost at 31	December 2020			899,760	903,678

Notes	forming part ofthe financial statements for the ye	forming part ofthe financial statements for the ye	forming part ofthe financial statements for the ye	ar ended 31 Dec	ar ended 31 Dec	ember 2020	(Continued)
	Analysis of net assets by fund - 2020			Unrestricted		Restricted	Endowment
				Funds 6		Funds	Funds Z	Totalf
	Fixed assets			915,820		54,494	30,948	1,001,262
	Current assets				90,382	78,592	2,517	171,491
	Current liabilities				(7,645)			(7,645)
	Fund balance			998,557		133,086	33,465	1,165,108
	Analysis ofnet assets by fund - 2019			Unrestricted		Restricted	Endowment
				Funds		Funds	Funds	Total
						F	6	6
	Fixed assets			967,883		51,462	29,173	1,048,518
	Current assets			158,203		76,939	1,581	236,723
	Current liabilities				(10,148)			(10,148)
	Fund balance			1,115,938		128,401	30,754	1,275,'093
7	Debtors
							2020	2019
							6
	Income tax recoverable -		2020				11,220
			2019				13,308	13,308
			2018				12,829	12,829
	Other debtors						25,516	11,673
							62,873	37,810
	The Gift Aid claims	for 2018and 2019were not		made	until aRer the accounts		had been finalised	for that year.
	Investments —short	term deposits
	Cash held for investment						28,246	64,655
9	Liabilities: amounts	falling	due within one year
	Accruals						2,547	2,652
	Other creditors						5,098	7,496
							7,645	10,148

Fund details	Fund details
The restricted fund comprises:		Balance at 31 Dec2019 F		Income f	Gains/ Outgoings (losses) f		Balance at 31 Dec 2020 F
Endowment
St Mary Chancel Fund St Catherine Memorial	Fund	1,212 20,604		600		80 1,376	1,292 22,580
St Mary Fabric Fund St Mary Choirboys		8,292 646		266 4		317	8,875 650
Restricted
St Mary Canon White St Mary Curates St Mary Under8oor Heating St Catherine Memorial Hall Fund		51,589 2,348 67,182 3		1,555 48	2,930 104 (2,568)		56,074 2,500 64,614 3
St Mary Chancel Fund St Mary Fabric Fund St Mary Choirboys		1,145 3 6,131		40 500 4,799	(2,655)		1,185 503 8,275
		159,155		7,812	(5,223) 4,807		166,551
Fund Reconciliation
		At				Gains/	At
		1.1.2020 f	Income f	Outgoings f		(losses) f	31.12.2020 f
Unrestricted Funds		1,115,938	167,861	(240,338)		(44,904)	998,557
Restricted Funds		128,401	6,942		(5,223)	3,034	133,154
Endowment Funds		30,754	870			1,773	33,397
		1,275,093	175,673	(245,561)		(40,097)	1,165,108
		At				Gains/	At
		1.1.2019 f	Income	Outgoings f		(losses) f	31.12.2019 f
Unrestricted Funds		1,008,437	227,517	(223,708)		103,692	1,115,938
Restricted Funds		125,961	19,281		(22,898)	6,057	128,401
Endowment Funds		26,160	934			3,660	30,754
		1,160,558	247,732	(246,606)		113,409	1,275,093

12	Leases	Leases
	Total future minimum lease payments		under non-cancellable	operating	leases are as follows:
					2020	2019
	Within one year				1,328	1,328
	Between one	and five years			1,992	3,320
					f3,320	f4,648
13	Independent	Examiners' Fees
	Fees payable Independent	in respect of: examination			1,674	1,620
	Payroll				311

Notes	forming part ofth	e financial	e financial	stateme	nts for the yea	r ended 31 Dec	ember 2020 (Con	ttnuedf
14	Missionary and	charitable		giving		Unrestricted	Restricted	Total	Total
						funds	funds	2020	2019
	Church overseas					Z		6	8
	Missionary	Societies
	CMS					350		350	428
	CARF					350		350	428
	USPG					250		250	250
	Christian Aid					350		350	345
						1,300		1,300	1,451
	Other charities
	SSAFA								750
	Royal British		Legion						450
	RAF Benevolent Fund								115
	Footprints								924
	Children in	Need							272
	Southwell & Nottingham			DBF					459
	Viva Chamber Orchestra								1,495
									4,465
	Local charities
	Nottingham	8 Nottinghamshire			Refugee Fund	1,000		1,000	1,000
	Safe Families		for Children			1,000		1,000	1,000
	Jericho Road		Project			1,000		1,000	1,000
	Transforming		Notts Together			1,000		1,000	1,000
	Emmanuel	House				1,468		1,468	3,692
	NCC —Civic Carol Service								344
	High Sheriffs		Charity			500		500
						5,968		5,968	8,036
						7,268		7,268	13,952