2022-12-31-accounts

E PARISH OF STMARY THE	VIRGIN, THE LACE	VIRGIN, THE LACE	M	ARKET, NOTTIN	GHAM
EPENDENT EXAMINER:	Karen Mealand
	Lemans
	29Arboretum		Street
	Nottingham
	NG1 4JA
	Membership from 30w May 2021 to 22"s Ma 2022				Membershi		from 22" Ma	2022
Vicar	The Reverend	Tom Gilium			The Reverend	Tom Gillum
	The Reverend	Grant		Walton
					Edward Mills
Wardens	Len Simmonds
	Ma aret Wiedemann				Ma aret Wiedemann
Deanery Synod Representatives	Kevin Hancox				Kevin Hancox
	Peter Bartlett				Peter Bartlett
Lay Members ofthe PCC
	Rachel Fiskin				Tease Clothier
	Jean Hammonds				Rachel Fiskin
	Martyn Knight				Jean Hammonds
	Ruth Lindstrom				Ruth Lindstrom
	Edward Mills				Giacomo (James)		Persico
	Tony Mitchell				Lorna Richardson
	Giacomo (James)		Persico		Len Simmonds
	Lorna Richardson				Jonathan Stork
	Jonathan Stork				Heather Walpole
	Nick Turner
Co —Opted Member					The Reverend	Grant Walton
PCC Secretary	Matthew Tdiggs				Matthew Triggs

Statement offinancial a	ctivitie	s for the yea	r ended 31Dec	ember 2022
			Unrestricted	Restricted	Endowment	Total	funds
		Note	Funds	Funds	Funds	2022	2021
			8	8	8	8	8
Income and endowments	from:
Donations and legacies		2(a)	88,146	1,722		89,868	139,247
Income from charitable
activities Other trading activities		2(b) 2(c)	64,304 7,979			64,304 7,979	36,759 3,149
Investments		2(d)	25,177	2,441		27,618	25,687
Other income		2(e)	56,195	5,000		61,195	133,450
Total income and endowments			241,801	9,163		250,964	338,292
Expenditure on:
Investment management	costs	3(a)	3,296			3,296	3,605
Expenditure on charitable activities		3(b)	295,776	5,760		301,536	361,242
Total expenditure			299,072	5,760		304,832	364,847
Net (expenditure)/income	before (losses)l
gains on investment assets			(57,271)	3,403		(53,868)	(26,555)
(Losses)/Gains on investment		assets	(91,471)	(7,187)	(4,097)	(102,755)	95,019
Net (expenditure)/income			(148,742)	(3,784)	(4,097)	(156,623)	68,464
Net movement in funds			(148,742)	(3,784)	(4,097)	(156,623)	68,464
Balances brought forward 1 January 2022	at		1,059,863	139,185	34,524	1,233,572	1,165,108
Balances carried forward at
31December 2022			911,121	135,401	30,427	1,076,949	1,233,572

				Note	2022 6	2021f
Fixed Assets
Investment	assets				935,372	1,052,825
					935,372	1,052,825
Current assets
Debtors					70,692	65,987
Investments		- short term deposits			30,678	28,389
Cash at bank		and in hand			52,703	99,403
					154,073	193,779
Liabilities: amounts			falling due:
within one	year				12,496	13,032
Net current assets					141,577	180,747
Total Net Assets					1,076,949	1,233,572
Parish funds
Unrestricted					911,121	1,059,863
Restncted				10	135,401	139,185
Permanent endowment					30,427	34,524
					1,076,949	1,233,572

2	Income and endowments	from:	from:
				Unrestricted	Restricted		Total	Unrestricted	Restricted	Total
				Funds	Funds		2022	Funds	Funds	2021
				6			6	6	6	6
	(a) Donations and legacies
	Planned giving
	- Gift Aid donations			52,861			52,861	52,991		52,991
	- Income tax recoverable			8,998			8,998	17,954		17,954
	-Other planned giving			1,229			1,229	1,533		1,533
	Collections (open plate) at Donations, appeals etc Legacies		all services	6,148 13,910 5,000	1,722		6,148 15,632 5,000	2,085 43,539 19,645	1,500	2,085 45,039 19,645
				88,146	1,722		89,868	137,747	1,500	139,247
	(b) income from charitable Church lettings	activities		57,555			57,555	30,991		30,991
	Fees			6,749			6,749	5,768		5,768
				64,304			64,304	36,759		36,759
	(c) Other trading activities Coffee			230			230	47		47
	Fund raising activities			7,749			7,749	3,102		3,102
				7,979			7,979	3,149		3,149
	(d) Investments Bank interest			502	32		534	22	2	24
	Income on investments			24,675	2,409		27,084	23,248	2,415	25,663
				25,177	2,441		27,618	23,270	2,417	25,687
	(e) Other income VAT recovered			1,121			1,121	17,571		17,571
	Grants			13,500	5,000		18,500	71,471	5,000	76,471
	SDBFSalary reimbursed			41,574			41,574	39,408		39,408
				56,195	5,000		61,195	128,450	5,000	133,450
	Total income and endowments			241,801	9,163	250,964		329,375	8,917	338,292

3	Expenditure on:	Expenditure on:			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
					Funds 6	Funds 6	2022 6	Funds f	Funds 6	2021 6
	(a) investment management Investment advice			costs	3,296		3,296	3,605		3,605
					3,296		3,296	3,605		3,605
	(b) Expenditure on charitable			activities
		Missionary and charitable (note 14)		giving	7,450		7,450	8,171		8,171
		Parish share			60,000		60,000	60,000		60,000
		Sanctuary and clergy Insurance	expenses		848 17,163		848 17,163	1,863 16,316		1,863 16,316
		Heat, light and water Major repairs Routine maintenance Fundraising costs Flower fund	and	repairs	17,751 27,455 11,417 7,968 1,056		17,751 27,455 11,417 7,968 1,056	19,035 112,533 7,181 2,617 469	2,333	19,035 112,533 9,514 2,617 469
		Salaries			124,895		124,895	107,525		107,525
		Music costs			3,038	5,210	8,248		5,550	5,550
		Organ scholarship Administration costs			4,036	550	550 4,036	1,778	1,320	1,320 1,778
		Telephone and wife Computer and ITcosts Postage and stationery Sundry expenses Accountancy fees			894 6,439 1,961 1,200 2,205		894 6,439 1,961 1,200 2,205	785 9,108 1,061 1,427 2,170		785 9,108 1,061 1,427 2,170
					295,776	5,760	301,536	352,039	9,203	361,242
		Total Expenditure			299,072	5,760	304,832	355,644	9,203	364,847

5	Investments
						Historic	Fair value
						Cost 6	2022 6	2021 f
	General Fund
	7Bailey Investments					167,497	197,446	222,100
	9,252.149 M&G Charifund			units		142,131	135,962	143,982
	Brewin Dolphin					488,957	520,363	593,857
						798,585	853,771	959,939
	Endowment Fund
	St Mary Chancel	Fund
	61 Central Board	of Finance Investment
	Fund units					399	1,260	1,428
	St Catharine Memorial		Fund
	1,044.49 Central Fund units	Board of		Finance Investment		13,563	21,581	24,460
	St Mary Fabric Fund
	56 2 Central Board of Finance				Investment
	Fund units					555	1,161	1,316
	St Mary Fabric Fund
	4,214.18Central Fund units	Board of		Finance Investment		4,401	5,778	6,673
						18,918	29,780	33,877

5	Investments	(continued)
			Historic	Fair value
			Cost	2022	2021
			8	6	8
	Restricted	Fund
	St Mary Canon White
	9,234.943 Central Board ofFinance Investment Fund shares		14,977	12,660	14,623
	St Mary Canon White
	1,817.37 Central Board ofFinance Investment Fund units		22,465	37,549	42,559
	St Mary Curates
	78 Central	Board of Finance Investment
	Fund units		492	1,612	1,827
			37,934	51,821	59,009
			855,437	935,372	1,052,825
				2022	2021
				6	8
	At valuation Additions	1 January 2022		1,052,825 66,523	1,001,262 56,806
	Disposals Revaluation			(85,322) (98,654)	(90,337) 85,094
	Fair value	at 31 December 2022		935,372	1,052,825
	Cost at 31	December 2022		855,437	869,517

Notes	forming part ofthe financial statements for the year	forming part ofthe financial statements for the year	ended 31Dec	ember 2022 (	Continued)
	Analysis of net assets by fund -2022		Unrestricted	Restricted	Endowment
			Funds	Funds	Funds	Total
				6	6	6
	Fixed assets		853,771	51,821	29,780	935,372
	Current assets		69,846	83,580	647	154,073
	Current liatiilities		(12,496)			(12,496)
	Fund balance		911,121	135,401	30,427	1,076,949
	Analysis ofnet assets by fund -2021
			Unrestricted	Restricted	Endowment
			Funds 6	Funds 6	Funds 6	Totalf
	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
7	Debtors
					2022	2021
					6	E
	Income tax recoverable				55,967	53,362
	Other debtors				14,725	12,625
					70,692	65,987
8	Investments —short	term deposits
	Cash held for investment				30,678	28,389
9	Liabilities: amounts	falling due within one year
	Accruals				2,740	2,708
	Other creditors				9,756	10,324
					12,496	13,032

No	tes forming part ofthe	financial st	atements for th	e year ende	d 31 Decemb	er 2022 (C	ontinued)
10	Fund details
	The restricted fund comprises;		Balance at			Gains)		Balance at
			31 Dec 2021	Income	Outgoings	(losses)	Transfers	31 Dec2022
			6	8	8	6	8
	Endowment
	St Mary Chancel Fund		1,428			(168)		1,260
	St Catharine Memorial	Fund	24,460			(2,879)		21,581
	St Mary Fabric Fund		7,989			(1,050)		6,939
	St Mary Choirboys		647					647
	Restricted
	St Mary Canon White		61,850	1,480		(6,972)		56,358
	St Mary Curates		2,776	61		(215)		2,622
	St Mary Underfloor Heating		64,614					64,614
	St Catharine Memorial	Hall Fund	2	642				644
	St Mary Chancel Fund		1,265	54				1,319
	St Mary Fabric Fund		770	200				970
	St Mary Choirboys St Mary Organ Scholarship		7,728 180	5,416 1,310	(5,210) (550)			7,934 940
			173,709	9,163	(5,760)	(11,284)		165,828

Fund Reco	nciliation
		At			Gains/	At
		1.1.2022 6	Income 8	Outgoings 6	(losses) 6	31.12.2022 f
Unrestricted	Funds	1,059,863	241,801	(299,072)	(91,471)	911,121
Restricted	Funds	139,185	9,163	(5,760)	(7,187)	135,401
Endowment	Funds	34,524			(4,097)	30,427
		1,233,572	250,964	(304,832)	(102,755)	1,076,949
		At			Gains/	At
		1.1.2021	Income	Outgoings	(losses)	31.12.2021
		6	8	8	6	8
Unrestricted	Funds	998,557	329,375	(355,644)	87,575	1,059,863
Restricted	Funds	133,154	8,917	(7,400)	4,514	139,185
Endowment	Funds	33,397		(1,803)	2,930	34,524
		1,165,108	338,292	(364,847)	95,019	1,233,572

				2022	2021
	Within one year			664	1,328
	Between one	and five years			664
				f664	F1,992
13	Independent	Examiners'	Fees
	Fees payable Independent	in respect of: examination		1,896	1,872
	Payroll			309	298

Notes	forming part ofthe financial	forming part ofthe financial	statements for	the year ended 31 Dec	the year ended 31 Dec	ember 2022 (Co	ntinued)
14	Missionary and charitable		giving	Unrestricted funds		Restricted funds	Total 2022	Total 2021
	Church overseas			6		6	8	6
	Missionary Societies
	CARP							(250)
	Friends ofKagando	Hospital			500		500	500
	Justice Defenders				500		500	500
				1,000			1,000	750
	Othercharities
	Royal British Legion				766		766	324
	Footprints				500		500	500
	Children's Society				(45)		(45)	162
				1,221			1,221
	Local charities
	St Mary's Relief in Need				500		500
	Safe Families for Children				500		500
	Jericho Road Project				500		500
	Nottingham High School				400		400
	Founders Day Service
	Emmanuel House			1,180			1,180	1,019
	Open Homes				500		500	500
	Legal Service				56		56
	Meadows Food Bank			1,093			1,093	3,050
	Equations Notts							816
	Host Nottingham				500		500	500
	Sharewear							500
	St Nicholas Nottingham							50
				5,229			5,229	6,435
				7,450			7,450	8,171