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|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||||
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|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|
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|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|
##
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|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|
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|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|
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|||||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|
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