2021-12-31-accounts

THE PARISH	OF ST MARY THE	VIRGIN, THE LACE		MAR	KE	T, NOTTI	NGHAM
INDEPENDENT	EXAMINER:	Karen Mealand
		Lemans
		29Arboretum	Street
		Nottingham
		NG1 4JA
		PCC Membership 2020to 30	from 25 October Ma 2021				PCC	Membership 30 Ma 2021			from
Vicar		The Reverend Tom		Gillum			The Reverend	Tom	Gillum
		The Reverend Grant		Walton			The Reverend	Grant Walton
Wardens		Tony Mitchell					Len Simmonds
		Nicholas Turner					Ma aret Wiedemann
Deanery Synod Representatives		Kevin Hancox					Kevin Hancox
Lay Members	ofthe PCC	Peter Bartlett					Peter Bartlett
		Rachel Fiskin					Rachel Fiskin
		Jean Hammonds					Jean Hammonds
		Emlyn Jones					Martyn Knight
		Martyn Knight					Ruth Lindstrom
		Giacomo James Persico					Edward Mills
		Lorna Richardson					Tony Mitchell
		Len Simmonds					Giacomo James Persico
		Jonathan Stork					Lorna Richardson
		Margaret Wiedemann					Jonathan Stork
							Nick Turner
Co —Opted Member		Beth Mitchell
PCC Secretary		Len Simmonds					Matthew Triggs

Statement offinancial a	ctivities	for the y	ear ended 31Dec	ember 2021
			Unrestricted	Restricted	Endowment	Total	funds
		Note	Funds	Funds	Funds	2021	2020
			8	8	6	6	6
Income and endowments Donations and legacies	from:	2(a)	137,747	1,500		139,247	91,780
Income from charitable activities Other trading activities Investments Other income		2(b) 2(c) 2(d) 2(e)	36,759 3,149 23,270 128,450	2,417 5,000		36,759 3,149 25,687 133,450	12,994 4,953 24,762 41,184
Total income and endowments			329,375	8,917		338,292	175,673
Expenditure on: Investment management	costs	3(a)	3,605			3,605	3,130
Expenditure on charitable activities		3(b)	352,039	9,203		361,242	242,431
Total expenditure			355,644	9,203		364,847	245,561
Net (expenditure)/income before gains on investment assets			(26,269)	(286)		(26,555)	(69,888)
Gains on investment assets			87,575	4,514	2,930	95,019	(40,097)
Net income			61,306	4,228	2,930	68,464	(109,985)
Transfer between funds				1,803	(1,803)
			61,306	6,031	1,127	68464	(109985)
Net movement in funds
Balances brought forward 1 January 2021	at		998,557	133,154	33,397	1,165,108	1,275,093
Balances carried forward at 31December 2021			1,059,863	139,185	34,524	1,233,572	1,165,108

2	Income and endowments from:	Income and endowments from:		Unrestricted	Restricted	Restricted	Total	Unrestricted	Restricted	Total
				Funds 6	Funds 8		2021 8	Funds 6	Fundsf	2020 8
	(a) Donations and legacies
	Planned giving - Gift Aid donations —Income tax recoverable -Other planned giving Collections (open plate) at all Donations, appeals etc Legacies		services	52,991 17,954 1,533 2,085 43,539 19,645	1,500		52,991 17,954 1,533 2,085 45,039 19,645	53,752 11,220 2,141 3,455 15,913	5,299	53,752 11,220 2,141 3,455 21,212
				137,747	1,500	139,247		86,481	5,299	91,780
	(b) income from charitable Church lettings Fees	activities		30,991 5,768			30,991 5,768	12,232 762		12,232 762
				36,759			36,759	12,994		12,994
	(c) Other trading activities Coffee Fund raising activities			47 3,102			47 3,102	140 4,813		140 4,813
				3,149			3,149	4,953		4,953
	(d) Investments Bank interest Income on investments			22 23,248	2 2,415		24 25,663	362 21,887	12 2,501	374 24,388
				23,270	2,417		25,687	22,249	2,513	24,762
	(e) Other income VAT recovered Grants SDBFSalary reimbursed			17,571 71,471 39,408	5,000		17,571 76,471 39,408	1,811 1,000 38,373		1,811 1,000 38,373
				128,450	5,000	133,450		41,184		41,184
	Total income and endowments			329,375	8,917	338,292		167,861	7,812	175,673

Not	es forming part ofthe finan	cial	statements	for the year end	ed 31 Dece	mber 202	1 (Continued)
3	Expenditure on:			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
				Funds 6	Funds 6	2021 6	Funds 6	Funds f	2020 6
	(a) investment management Investment advice		costs	3,605		3,605	3,130		3,130
				3,605		3,605	3,130		3,130
	(b) Expenditure on charitable		activities
	Missionary and charitable (note 14)		giving	8,171		8,171	7,268		7,268
	Parish share			60,000		60,000	50,000		50,000
	Sanctuary and clergy Insurance Heat, light and water Major repairs Routine maintenance Fundraising costs Flower fund	expenses and repairs		1,863 16,316 19,035 112,533 7,181 2,617 469	2,333	1,863 16,316 19,035 112,533 9,514 2,617 469	1,162 16,061 26,166 6,957 10,595 1,940 177	2,568	1,162 16,061 26,166 9,525 10,595 1,940 177
	Salaries			107,525		107,525	103,211		103,211
	Music costs				5,550	5,550		2655	2655
	Organ scholarship Administration costs			1,778	1,320	1,320 1,778	1,454		1,454
	Telephone and wifi Computer and ITcosts Postage and stationery Sundry expenses Accountancy fees			785 9,108 1,061 1,427 2,170		785 9,108 1,061 1,427 2,170	895 7,329 1,306 702 1,985		895 7,329 1,306 702 1,985
				352,039	9,203	361,242	237,208	5,223	242,431
	Total Expenditure			355,644	9,203	364,847	240,338	5,223	245,561

5	Investments					Historic	Fair value
						Cost	2021	2020
						6	6	6
	General Fund
	TBailey Investments					167,497	222,100	237,272
	9,252.149 M&G Charifund			units		142,131	143,982	126,992
	Brewin Dolphin					503,037	593,857	551,556
						812,665	959,939	915,820
	Endowment Fund
	St Mary Chancel	Fund
	61 Central Board Fund units	of Finance Investment				399	1,428	1,250
	StCatharine Memorial		Fund
	1,044.49Central Fund units	Board of		Finance Investment		13,563	24,460	21,398
	St Mary Fabric Fund
	56.2 Central Board of Finance Fund units				Investment	555	1,316	1,151
	St Mary Fabric Fund
	4,214.18 Central Fund units	Board of		Finance Investment		4,401	6,673	7,149
						18,918	33,877	30,948

estments	(continued)
		Historic	Fair value
		Cost	2021	2020
		6	6	6
Restricted	Fund
St Mary Canon White
9,234.943 Central Board of Finance Investment Fund shares		14,977	14,623	15,663
St Mary Canon White
1,817.37 Central Board of Finance Investment Fund units		22,465	42,559	37,233
St Mary Curates
78 Central Fund units	Board of Finance Investment	492	1,827	1,598
		37,934	59,009	54,494
		869,517	1,052,825	1,001,262
			2021	2020
			6	6
At valuation Additions Disposals Revaluation	1 January 2021		1,001,262 56,806 (90,337) 85,094	1,048,518 144,784 (163,923) (28,117)
Fair value	at 31 December 2021		1,052,825	1,001,262
Cost at 31	December 2021		869,517	899,760

Notes	forming part ofthe financial statements for the yea	forming part ofthe financial statements for the yea	forming part ofthe financial statements for the yea	r ended 31Dec	ember 2021 (	Continued)
	Analysis ofnet assets by fund -2021			Unrestricted	Restricted	Endowment
				Funds	Funds	Funds	Total
				6	6	6	6
	Fixed assets			959,939	59,009	33,877	1,052,825
	Current assets			112,956	80,176	647	193,779
	Current liabilities			(13,032)			(13,032)
	Fund balance			1,059,863	139,185	34,524	1,233,572
	Analysis ofnet assets by fund -2020			Unrestricted	Restricted	Endowment
				Funds 6	Funds 6	Funds 6	Totalf
	Fixed assets			915,820	54,494	30948	1 001 262
	Current assets			90,382	78,660	2,449	171,491
	Current liabilities			(7,645)			(7,645)
	Fund balance			998,557	133,154	33,397	1 165108
7	Debtors					2021	2020
						6	6
	Income tax recoverable		- 2021			17,954
			2020			11,220	11,220
			2019			13,308	13,308
			2018			10,880	12,829
	Other debtors					12,625	25,516
						65,987	62,873
8	investments —short	term	deposits
	Cash held for investment					28,389	28,246
9	Liabilities: amounts	falling due within one year
	Accruals					2,708	2,547
	Other creditors					10,324	5,098
						13,032	7,645

No	tes forming part ofthe financial state	tes forming part ofthe financial state	ments for the	year ended	31 December 2021 (C	31 December 2021 (C	ontinued)
10	Fund details The restricted fund comprises:		Balance at 31Dec2020 6	Income 8	Gains( Outgoings (losses) 6 6		Transfers 6	Balance at 31Dec 2021
	Endowment St Mary Chancel Fund St Catharine Memorial Fund St Mary Fabric Fund St Mary Choirboys		1,292 22,580 8,875 650		179 3,061 (310)		(43) (1,181) (576) (3)	1,428 24,460 7,989 647
	Resfdcted St Mary Canon White St Mary Curates St Mary Underiloor Heating StCatharine Memorial Hall St Mary Chancel Fund St Mary Fabriic Fund St Mary Choirboys St Mary Organ Scholarship	Fund	56,074 2,500 64,614 3 1,185 503 8,275	1,491 47 621 37 221 5,000 1,500	(1,803) (530) (5,550) (1,320) 4,285 229		1,181 43 576 3	61,850 2,776 64,614 2 1,265 770 7,728 180
			166,551	8,917	(9,203) 7,444			173,709
	St Mary Chancel Fund- to	keep the chancel wind and weather proof
	St Catharine Memorial Fund	—church	hall repairs
	St Mary Fabric Fund —fabric and maintenance
	St Mary Choirboys —choir funding
	St Mary Canon White —religious purposes
	St Mary Curates —income accumulated for curates St Mary Underfloor Heating —maintenance and repair			of underiloor	heating and renovation		of lighting
	St Mary Organ Scholarship	—organ scholarship
	Fund Reconciliation
			At			Gains/		At
			1.1.2021 6	Income 6	Outgoings 6	(losses) 6		31.12.2021 6
	Unrestriicted Funds Restricted Funds Endowment Funds		998,557 133,154 33,397	329,375 8,917	(355,644) (7,400) (1,803)		87,575 4,514 2,930	1,059,863 139,185 34,524
			1,165,108	338,292	(364,847)		95019	1 233572
			At 1.1.2020 6	Income 6	Outgoings 6	Gains( (losses) 6		At 31.12.2020 6
	Unrestricted Funds Restricted Funds Endowment Funds		1,115,938 128,401 30,754	167,861 6,942 870	(240,338) (5,223)	(44,904) 3,034 1,773		998,557 133,154 33,397
			1,275,093	175,673	(245,561)	(40,097)		1,165,108

12	Leases	Leases
	Total future minimum lease		payments	under non-cancellable	operating	leases are as follows:
						2021	2020
	Within one year Between one and five years					1,328 664	1,328 1,992
						61,992	F3,320
13	Independent	Examiners'	Fees
	Fees payable Independent	in respect of: examination				1,872	1,674
	Payroll					298	311

Notes	forming part ofthe financial	forming part ofthe financial	stateme	nts for the yea	r ended 31 Dec	ember 2021 (Co	ntinued)
14	Missionary and charitable Church overseas		giving		Unrestricted fundsf	Restricted funds f	Total 2021 f	Total 2020f
	Missionary Societies CMS							350
	CARF				(250)		(250)	350
	USPG							250
	Christian Aid							350
	Fdiends of Kagando	Hospital			500		500
	Justice Defenders				500		500
					750		750	1,300
	Other charities Royal British Legion				324		324
	Footprints				500		500
	Children's Society				162		162
					986		986
	Local charities
	Nottingham & Nottinghamshire			Refugee Fund				1,000
	Safe Families for Children							1,000
	Jericho Road Project							1,000
	Transforming Notts Together							1,000
	Emmanuel House				1,019		1,019	1,468
	Open Homes				500		500
	High Sheriffs Charity							500
	Meadows Food Bank				3,050		3,050
	Equations NoNs				816		816
	Host Nottingham				500		500
	Sharewear				500		500
	St Nicholas Nottingham				50		50
					6,435		6,435	5,968
					8,171		8,171	7,268