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|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<br>2020to 30|from 25<br>October<br>Ma<br>2021||||PCC|Membership<br>30<br>Ma<br>2021|||from|
|Vicar||The Reverend<br>Tom||Gillum|||The Reverend|Tom|Gillum|||
|||The Reverend<br>Grant||Walton|||The Reverend|Grant Walton||||
|Wardens||Tony Mitchell|||||Len Simmonds|||||
|||Nicholas Turner|||||Ma<br>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<br>Knight|||||
|||Martyn<br>Knight|||||Ruth Lindstrom|||||
|||Giacomo James Persico|||||Edward<br>Mills|||||
|||Lorna Richardson|||||Tony Mitchell|||||
|||Len Simmonds|||||Giacomo James Persico|||||
|||Jonathan<br>Stork|||||Lorna Richardson|||||
|||Margaret Wiedemann|||||Jonathan<br>Stork|||||
||||||||Nick Turner|||||
|Co —Opted Member||Beth Mitchell||||||||||
|PCC Secretary||Len Simmonds|||||Matthew Triggs|||||



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|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<br>Donations<br>and legacies|from:|2(a)|137,747|1,500||139,247|91,780|
|Income from charitable<br>activities<br>Other trading<br>activities<br>Investments<br>Other income||2(b)<br>2(c)<br>2(d)<br>2(e)|36,759<br>3,149<br>23,270<br>128,450|2,417<br>5,000||36,759<br>3,149<br>25,687<br>133,450|12,994<br>4,953<br>24,762<br>41,184|
|Total income and endowments|||329,375|8,917||338,292|175,673|
|Expenditure<br>on:<br>Investment<br>management|costs|3(a)|3,605|||3,605|3,130|
|Expenditure<br>on charitable<br>activities||3(b)|352,039|9,203||361,242|242,431|
|Total expenditure|||355,644|9,203||364,847|245,561|
|Net (expenditure)/income<br>before<br>gains on investment<br>assets|||(26,269)|(286)||(26,555)|(69,888)|
|Gains on investment<br>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<br>in funds||||||||
|Balances brought<br>forward <br>1 January 2021|at||998,557|133,154|33,397|1,165,108|1,275,093|
|Balances carried forward at<br>31December 2021|||1,059,863|139,185|34,524|1,233,572|1,165,108|








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





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





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|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<br>Fund||||||||
||St Mary Chancel|Fund|||||||
||61 Central Board <br>Fund units|of Finance Investment||||399|1,428|1,250|
||StCatharine<br>Memorial||Fund||||||
||1,044.49Central <br>Fund units|Board of||Finance Investment||13,563|24,460|21,398|
||St Mary Fabric Fund||||||||
||56.2 Central Board of Finance<br>Fund units||||Investment|555|1,316|1,151|
||St Mary Fabric Fund||||||||
||4,214.18 Central <br>Fund units|Board of||Finance Investment||4,401|6,673|7,149|
|||||||18,918|33,877|30,948|





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|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<br>Fund shares||14,977|14,623|15,663|
|St Mary Canon White|||||
|1,817.37 Central Board of Finance Investment<br>Fund units||22,465|42,559|37,233|
|St Mary Curates|||||
|78 Central <br>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<br>Additions<br>Disposals<br>Revaluation|1 January 2021||1,001,262<br>56,806<br>(90,337)<br>85,094|1,048,518<br>144,784<br>(163,923)<br>(28,117)|
|Fair value|at 31 December 2021||1,052,825|1,001,262|
|Cost at 31|December 2021||869,517|899,760|





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|Notes|forming<br>part ofthe financial statements<br>for the yea|forming<br>part ofthe financial statements<br>for the yea|forming<br>part ofthe financial statements<br>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<br>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<br>6|Funds<br>6|Funds<br>6|Totalf|
||Fixed assets|||915,820|54,494|30948|1 001 262|
||Current assets|||90,382|78,660|2,449|171,491|
||Current<br>liabilities|||(7,645)|||(7,645)|
||Fund balance|||998,557|133,154|33,397|1 165108|
|7|Debtors|||||2021|2020|
|||||||6|6|
||Income tax recoverable||-<br>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|





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





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





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





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