THE ECCLESIASTICAL PARISH OF ST MARYTHE VIRGIN, THE LACE MARKET, NOTTINGHAM (Registered Charity numbor. 1177fj52) Annual Report and Financial Statements of the Parochial Church Council for the year ended 31st December 2023 INCUMBENT: OFFICES.. The Chapter House St Mary the Virgin in the Lace Market High Pavement Nottingham Nottinghamshire NG1 1HN BANK.. National Westminster Bank PIC Smtth's Bank Branch South P8r8de Nottingh NG12JX
THE PARISH OF ST MARY THE VIRGIN. NOTnNGHA Alm and purpose The Par¢Khial Church Counol IPCC) of thè parish of ST MARY TrIE VIRGIN, THE LACE MARKET, NOTTINGHAM has the rèsponsibilty of promotlry {in the de5[aStICal parlshl thg whole rnissK)n of Ihe Churth - pastoral, evangdistlc, social, and ecurnenical. Our parish 8in5 are to.. L$ and pr¢daim the Gospel forthe 21st centw in our modem, challerylng, 8nd f88t-deveh)plng city. Devefop rninistry together in the cty in a way that makes dear that all people are valued by God. Speak out together, wherwar KKJssib18. on matters of justice and 1nwSti. of inclusion exclusron, of rights and r88ponslbllitles, of kntegrfty and transp3n. FSnonclal StateMts The PCC pr8$t their Annual Report and the Flnaneial Statèments for the year ended 31 December 2023. The trustees have adoptsd th8 provisions of the Statement ol Recomm8nd•cl Pra¢ti¢o ISORPI 'A¢counting and Reporting by Charitses, in pparij thè annud rÈpDrt 8nd financial statements. The arla1 sletaments hav8 be8n prepared in 8co)rdance whh the accountlng polkles sol out in the notes to the ae4ounts 8nd comply with the Charty's goveming docum•n( thè Charities Act 2011 and Accounting and Reports"ng by Charibes.. Statement of Recommended Practice applicab to charitie5 preparing their acwunts in a¢cordarKe with the Flnanclal Reporting Stanéard applicable in the LA< and Republicof Ireland published in October 2019. Constliutkn and princi)al activlty The PCC Is a cOrrat9 body èstablished by t1 Church of England. The PCC operates unijer thè Parochlal ChurGh Councl Powers Measure and Is an axempted charity 8nd provides fadlFtles for worship and l)uS ubservaW tr the people of Nottingham and environ$. The pritnary (Ajjectnie of PCC rnen7bers is the promotion of the Gaspd of our Lord Jèxus Chirst acLording to thè dodrinès and prdctices of the Church of EnglanJ. Day to day activthes incJu<le8.' Rrfular publlc worshlp that Is open to 811. The provision of sacred spac8 for pwsonal pray8r8nd mntemplatlon. Pastoral work iThduding visltiThJ thg si¢k and bereaved. Teachiny of Chiistianity through sem)orts, courses, and small groups. Promotron of Christiwity through the staging ol events anij maètiNJs. Promoting the whole church through engagement in actlviiles th thg wider comrnunty Support of olher charities in the UK and overseas. Governan¢g The appointment of PCCS is govemed by and sat out in the Chwch R8pr8sen18tion Rules. PCC members are appolnted by an Annual Chur¢h M•Oting rA those people on the Electoral Roll of the Parish St Marf$ in aceance with the laws governing the Chjrth of England. PCC mernbers nIr01 the govemmenl bu8in95s affairs of the Chur¢h. As the PCC has ultimate responsibj.lty for a Mdè rangè of m8tt8r8 affecting the parfsh, In¢ludlng such matters as cfjmpli8nce th h8alth and safety. dala prote0, disabllity dtscrfmlnalign legls18thon 8nd the safeguarding ofyoung people and vulnerable adutt5. thè PCC adopts approprfate tralning and wocedure5. These include attendanco al trainir@ courses arrang&fj by the diocesg 8Tr dearngry and the dissemination of reading matter. RepentAtiveS of the PCC who attend courses report back to the PCC as a PCC rnembers met seven timgs, consisting of five regulw rnedng¥ (Fgbruory, April. May, Juty, arKI October) and speual mèÈtingS tts discuss l*Tre-sertsittrve proposals. The Standing a)tJ Finance Cornmittee rnetsix times. Glven its wide responsibiliti. the PCC has several other cornmiltees deallng wfth particular 8spect5 of parish lrfe. BANK.. Nath)nd Westminster Bank PIC Smith's Bank Br8rKh Sovth Parad Nottingham NG12JX
THE PARISH OF ST PIARY THE VIRGIN. THE LACE MARKET, NorriNGHAM INDEPENDENT EXAMINER.. Karen Mealand Lemans 29 Arborèturn Street NottirrtJham NG14JA Membershlp from 22n May 2022 215t Ma 2023 Mernbershl from 21sI Ma 2023 Vicar Thè Reverend Tom Gillum Wardens Edwth Mills Ethvar(l MAIS et Wiedemann Ma ret Wiedfm8nn Dvanery Synod Representauves Kevin Hanojx Kevin Hancox Gi8cnm lJ8rn@sl Persittj Lay Members of th8 PCC Peter Bartlètt Tessa Ck>thie Peter Barfett Rad)d Fis Leslie Blake Je8n Harnmonds Rathel Fisken Ruth Lindstrom J&an Hammonds Giacorno (James) Persico Lorna Richardson RLrth Lindstrotn Lom8 Rlehord$on Len Simmonds Heathèr Walpolè Jonathan Stork Revd Grant Walton Heatherwalpole Co- Opted Member Jonath Stork Ernma Richardson Rev'd Grant lIOn PCC Secretary Matthew Trlggs Matthew Trigg$ Commlttees and Grou The Stsnding Commfftee is the only committee requfjred by the Church Represtst)n Rul6s. It has the power to transact the business of the PCC betren its meetings, subjecl to the directK)n gfven by the Coundl. There are th other subcommittees with powers delegated to them by th8 PCC.. the F8brfclSit8 Commiltee, Marketiro Committgo and Worshlp Committee. These mmittèès all rÈport on their activities re9u18rly to th8 PCC. During the interregn startlro 8t Easter 2ff23, th8 Worship CA)mrnittEe was de lado di5sofved. Due to the absen of a Vicar. all decislons r91ating to Worship We made by the Churchwardens and Standirw Gommtttee. ACHIEVEMENTS AND PERFORMANCE Sp•cial not•: Durng 2023, the PCC hdd meefjnys In onllne, In-porgjn hybrid bnnats. Church businw cntinUed tts ba ¢onductsd In a tThMely and efficient mannerthrough th&se rneetings or by corre5pondgnce. Since the retirement of Rev'd Tom GI1 at Ea51er 2023. St. Mary's has seen an extended period of intewum (though a ne incurnbgnt will be licensed in late 20241. [ring this tyme, our Chuhwar8Tr8, stsff members and volunteers have given con51derdble arnovnlof time and energy to rnaintainlry day-l(Hloy wnning ofthe chUh in ihe abse9 ofa Vl(xrand Curate. Thè PCC ol Sl Mary'9 wish to thank all thos8 for thairefforts durirYJ this 8Xt8nd8d period of v8(xncy. l RÈgnÉd 28 Ap112023. Fi@Ed Febru&ry2I23 afterts9 emF4DymentatSt klarfs. Reslgn8d trtober 2023. Prtorfothi8, Révd. Walton was notleantad to SL K48ry'$ bulwas edtothe Pce a$ &1•Yenber. 4 Rfrvd. Wdton ¢omÈ4Eted hiYGurdEy at SL MÈry'& Ind 4wa81th12Èd itsthè Unwarsmyof NoMryh8tn a¥ B ¢h3F4oln. v•7$CDp DThtolhpPCC rlSL Mary'sas hEnvlongei held an Cutats Folufrkngtre re51qDalbn olRe¢d VWtoD ¢klober2023, W. StorkW InvItl0fUhl11he reM¥inlw Um•oD Rerfd V¥*kn'& thted tenn.
THE PARISH OF ST MARY THE VIRGIN. THE LACE MARKET, NorriNGHAM Achlevements and P•rforn)ano* Speelal Note During 2023, the PCC held rneeting$ in online, In-p•rson and hybrid formals. Church buslnes8 ntinUed lo be conducted in a timely an¢J effident manner through the$e meetings or by correspondence. Slnce the retirement of Rewd Tom Gillum at Easter 2023. St Mary's has s88n an extended pèrityj of intenpgnojm (though a new incurnbenl will be ficensed in 18t8 2024). Duiing this lime, our Churchwardens, staff Members and volunteers have glven a considerable amount ol lime and energy to maintaining the day-lo-day running of Ihg ¢hui¢h in the 8b$ete of a Vic8r and Curate. The PCC Of Sl, Mary'$ wish to thank 811 thos8 invofved for Ihoir efforts during lfris extended period ofvacancy. Oblaetlves and Acllvltigs Thè primary objective olthe PCC is the promolSon of the Gospel of Our Lord Jesus Chri51 a¢cording to the doctrine8 and practices of the Church tsf England. The PCC is committed to enabling 35 many people as possibl• to worship and to becom? part of the parish communlty. The PCC maintains an overview of worship and makes suggestions on how ¢hur¢h seNi¢es ean 5nvolve as many ptsople as possible from both within and outside of the PBrish. The seNlce$ and worshi) putfaith into pradice through prayer 8nd scripture, music, and sacrament. en planning activities for the year, the PCC and Vicar consider the Charity Commission's guidance on public benefit and the specific guidance on tharities for thè advancement of religion. The PCC and Vicar try to enable ordlnary people to live out Iheir faith 3$ part ofthe parish comuntty through-. Worship and prayer.. learning about the Gosp&l: and developing thelr faith in Jesus. Pa$loral care of the parish ¢ommunity. Mission and oulre8¢h work. Our primary focus for worship remains Sunday 8eryicg5 and festivals. Building on the suBGe$ses of previous years. we havè continued with a blended appr¢a¢h to services lèss forrnal. family-orienlated services for festivals 8uch 85 Harvest and Christingle, alongside prayer book liturgy ft>r other import8nl festivals le.g., Advent, Eplph8ny, Trinity. ¢tc.l. This has W0ed well with a Comrnon Vvorship ICWJ Sung Eucharist and a Book ol Common Prayor IBCPI Choral Evènsong as the usual Sunday pattem. with BCP Evensong also on Wednesday5. Sunday worship continued lo be broadcast online for those unable lo rnake it into the church bjilding. In additton to regular sèrvices, Sl Mary's hosled rites of passage al baptisms, marriage, and death, The high standard of musi¢ and lilurgy has been maintained Ihanks to the work of the Director of Music, Children's Gholr Director and our adult and children's choirs. Sl Mary'5 has a choir scholarship that supports a number of ¢horal sch(Aars and an organ $cholar. 2023 saw prtsgr8ssion back lo nomi81ty after the reslrrctlons ol l¢Gkdown and $ubs8quenl relaxations, renewed restrictions, and then tentative steps to Ihg slalus quo ante. In March members of the ¢huir were tre81Èd to 8 day's maslerclass by Dr David Hill MBE. In May the church resounded to the wonderful sounds produced bythe reunion of as rnany as possible fomierchoral scholars and non-scholar rnembèrs singing with the current choir. In June wo enjoyed the annual Choral Scholars. Concert wh6rè our younger memb8r8 are able to sing Ihler ensemble pieces 8nd solos not confined ID the ecclesiastical oeuvre. The Orchestra of the Re51oTalion retumed lo 'normal service. in 2023. In February the orchèstra and choir gave the UK piemière ol Richard Prior's Stabatmater. The week afterthe ¢omnation of HM Charles 111 thè choirjoined the orGhe$tra performing'music filfora King,. In October Sl Mary's $Ghoed to the delights of an all-mozart programme- a lovely way to end our 2023 season. 2023 wa8 the fvll year in which tha three Children's Choirs (Boys., Girls,, and Training Choirs) contributed lo the life of St Mary's. Thè Boys, and Girts, Cholrs continued to Sing al one Sunday moming service earh month, in¢luding special setvi¢es (candlemas, Mothering Sunday, the second Sunday after Ea51Er, Sunday after Ascension, Harvest, Chrislingl$, and a themed service entitleil 'Caring lor God's World'l in addition to Eucharist services in February, Jun¢. September, and November. The youn9er Training Choir also joined in on one Sunday per lerfn. The Boys, and Girls, Choirs sang al Light Nilil and the children'5 choir prograrnrne was also featureil in'calhedrdl Mu$ic' magazine. By DeGernberlhere werè 52 children on r(Al, wilh 47 singin9 al the Christingle swice including 22 boys. The Children's Choir Director visited Ihiee schools every week lo deliver the 'Sing Nottinghaml. programrr¢, working with almost 400 children. One-off visits to 16 other school$ w•re made, roa¢hing over 1400 additional chiklren. The church has a fine peal of bell$ which , following extensive repair work lo our South Transept. resumed ringing in May 2023 for the Coronation of HM The King. The h1s1o parlsh covers a large sectiOTI of the city centrè. which 16 mostly occupled by business, commwetr. educalKJn. and leisure orienl8led L)rganisations. Th8 demographi¢$ of the parish are very diverse with young. single, upwardly mobil6 people Iiving in 'bft apartments. in the Lace Market and ¢onversion5 close to the edge of the area. The parish is one trat sees lots of 110r$ and has a considerable Iransienl population. People ¢onstanly ¢om• into the parish to work, shtsp. and spend thèir lSUre lirne.
THE PARISM OF ST MARY THE VIRGIN. THE LACE MARKET. NOTnNGHAM To fac¥litate thÈ stated aims, th8 PCC recolS8S that il is important that Ihe fabric of the church trMJilding is malntalneA. Thls remains a point of conslderable expense aThJ attention of the PCC, stsff. and volunteers. Throu@h the wvrk ofthe F3bric Commtttee ther8 has bew ntinuIng good pradice in the mainta)at and devekjpment of the bJlldlngs of the par15h, in particular.. Major repairs to the South Transept wall, lower and bells. Gildlro thè tan eorbd angèls in th& nave roof. Ongoing repalr of190s8 stones on Ihg drpve. Inst4lation of a new servery 8long wth plurnbed in water supply. waste pipes and power supply. Repairs to healing llers. Installalion of a Faraday Cage for Ihtning pteCtion. Sealant repair5 to the chancel leaj roof waterprL¥)fing to the flat roof in various l(xxlions. CoMpti of the quinquennial irpectiOn report. Work was Start on the instJlatlon of a Porch at the West ofthe church. During the year. the Electoral R1 was revised and there are now 114 ppIe on the Electoral Roll. The parfshlg commKted to Incluslveness, whlch Is refflected by all that Ls (bne on a day-to4ay basls. The PCC strfves to offer the splrft of welwme and hospltallty to ensu that everyone feels wel¢xme gardlesS of age, dlsaljllty. genéer, rnarital Bt8tus, è. sexual orntation, poverty, religion, nationality. Mi88ion continues to be a priority of the PCC. The PCC conl'nues to be eng8ged with the Church ef England's Strategic Developmont Fund ISDFI and Work th the dlgcose durirffJ Ihg year in developing th9 funding proposibDn. A refom)ulated bid wa5 submitled and ar4)roved in garfy 2023, but there w85 a deloy in hiring sever81 key positions due to the Ik of a Vicar aThJ imwjrtant relationship that Ihey would need to have with any su<xeSSfi candides. The PCC ¢ontinu8S to be ccrmitted to dev8bping ministry through art, music, lirgy, and comrnunity events. St Mail8 has on• of Nottingham's finest indoor spaces for worship, cOnrtS, events. exhibitions. and education. St Mary B P?rti¢ipatsd Nottingham City Coun1,5"lahI Night. festhval. The PCC so ensures that the churchyard is open for pubhc re¢re8tion. which is wxlely taen up by the local community. From a clC perspective. the church hosted th8 High Sheriffs annual Legal Semce, a servic to exlebratè thè Coronxtton of rng Charlès 111, a$ wdl as a servic8 wrth the South Notts. Hus8ar5 for RÉm8mbrance Sunday. Th¢ P¢¢ finanGially sypported a number gf Organisatio l)th within the city of Nottingham and in thgwider world. Within the city, the PCC5UPPCNted Emmanuel Fkjuse, Meadow8 FtKsd Bank, Host Nottingh (now. The Nottingharn Arimathea Trust), Footprfnts, Salè Famllies for Children, Jaricho Road projdd, Opèn Homès and a SSAFA charity SUprting famill4s ol Injured personnel. Intemationally. the PCC support8d Justica Daféndéts and thè Friènds of Kagando Ho$'t31 (both ofwhich have offices in the UK). Fundraising Aetivili•8 Raising fU[S for the wowk of the church is a priority of the PCC as thg maintgTrancelrefurbr6hrnent of the church buildings and eA)ntrfbulk)ns to thé déocasan quotas CLJnlnuè to be drAwing heavily on thè fin8n(%sl resources ol thè paSh. The PCC financialty supwrts sÈvèral eity-eèntrè baséd organisations that work with m8r9inaised people. Investment Pollcy Th8 PCC invests any monles o)nsidar8d by thè Traasur8r &% not r8quir8d ftr thè immèdiatè purpose of the Church, on deposit with the Church ol England Deposit Fund. Other monies not on deposit at tho church's bankers are in secuntBs in which Trust money Can be invested. The indired inve5ttnents are held by the D[QSe of SoLrthweil and Nottingham on behalf ofthe PCC and are invested pnnclpally the Central Board of Finance In the Invesiment Fund or Flxed Interesl S8¢uritsèS. Thè dlre¢i investments in govemment stocks and equit$ are 1velY managed by Investment rnanagers on a discretN)nary ba8is followng the Ch(JrGh of England Ethical Investment Policy. Polkylor maklng orants ordonatlons Subjgd lo flnan¢ial wnsrfleratns the PCC WIN wn$idgr m*ing grants tt) lorAI charities whrth 9Xtgnd the mr55ion of the church in the centre of Nottingham. Reserveg poIIcy It is the poNcy of the PCC lo maintain a balance on unrestrfcted reserves (net cuyrent assetsl which eoJates to at least three months unrestricted payments. This Is equivalent to £75,000 and is held to smooth-out fluclualions in cash flow, cover emerge situations. and meet unexpected r8palriwis to church buildings whkh may arlse from tlme to tlme. The balanc8 at y8a end wa5 £51,597 which Is less than the expecied ban.
THE PARISH OF ST MARY THE VIRGIN, THE LACE MARKEf, NOINGHAm ststement of tho PCC m¥mbgrs Mspon8ibllltle¥ regarding finAnclal matte1% Ri¥k Management PCC members acknowledgÈ their ultimate responsibility forlhe effective management of risk. Th& risks rel8le lo matters affecting the parish includirvJ compliance with health and safety, disability, discrirnination legislalon and Safeguarding Feople. The PCC regularly 8sse$$es all major risks lo which the Council is exposed and r8vi&ws a115yStems and procedure$.11 has Safeguarding Co-orijinalor who ensures proper èstablishment and obseNance of policies and procedures in iespect of children and vulnarable adults. It has an appointed Data PrOttIOn Officer lo minlmise exposure lo data rtsk and ensurg data protection standards are upheld. The PCC In recognising its respon5ibililies has in place policies and procedures for recruitment, induction, and trainlng of PCC rnembers, paid staff and v¢lunt•8rs. PCC member5 are responslble for preparing the Trustees, Annual Report and thg finanaal statements in accordance with appllcable law and United Kingdom Accounting Standards {UnilEd knngdom Generally A¢captsd Accounting Practice). Tho law applicable to charities in England & Wales requir88 the PCC m8mbers to ppa fin8n¢lal stalernenl$ for aach financial year 1¢h give a Iwe and fair view of the stale of affaSrs of Ihe PCC incoming résourcès and application of resourcet for th81 period. In preparing these financial statements, thè PCC members are required lo.. select SUtsb accounting policies and then appty them consi5tenlly obsewe the mathods and principles in the Charities SORP 2019 make jLKlgemants and eslimales that are reasonable and prudent state whether applicabl8 accounting standards have been followed, subject lo any material departures disclosed and explained in the financial statements prepare the financial statement5 on the going COnM basis unless it is inappropriate to presumo that the charity will continuè in operation. PCC member5 Bre responsible for keeping proper accounting records th81 rfisclose with reasonable accuracy 818ny limè the fin8neial position of the PCC and enable them to ensure th81 the financial slalemenls Comp wth the Charities Act 2011. thè Charity {Accounl8 and R¢portsl Regulations 2008 and th8 Church Accounting Regulations 20CE. They are also responsible for 88feguardlng thè assets of the PCC and hencè for taking reasonÉbl8 steps for the prevention and delection of fraud and other ittegulanties. Finan¢ The Statement of Financial Activiti08 for tha ar shows a surplu5 of £838. The total income for the year being £594,851 with penditure of £594,013. Thi5 surplus compares to a deficit of £53,868 in 2022. The tot81 Of lunds held by the parish al the 8nd of 2023 was £1,094,9161ol which £917,344 wa8 unie$lrictedl. This represen18 an in¢iease in ihe totsl funds of £17,967 cornpared 10 2022. Income from inveBlmenls was £29.145. Voluntary incomè was £118,884 and aclivibes generated £92,731. St Mary's Paid Parish Share of £6D.000 1¢ th8 diocese. Unrestricted income for thè ygar was £584,031 comparod to £241,801 in 2022 8fKI PCC unrestricted expenditure for 2023 was £587.985 compared to £299,072 in the previous ye¥T. The gross income from letting the buildlng in 2023 wa8 £,662. At the start of the year, Ihe value of Sl Mar*8 Investments stood al £935,372. Investments increasèd in value lo £939.322 by the end of 2023, Incomé from investments InCaSed SIh11Y during tha year as shown by an investment income of £29,145 during 2023 compared wilh £27,818 in 2022. Expenditu on major repair8 wa$ £287,249 compared with £27,455 in 2022. Major buildlng work in 2023 included repaii of the South Transept wall, for which a successful fundraising campaign w8s launched lo help toward the ¢osl of this work. Work commenced on thp in$lallation of 8 porch at the West entrance of Ihe building and a new SQfvery was in$tAll8d in the North-west comer Of thè nave., the nel cost for these projects was r6cl8imed through the Slr8legic Development Fund. Expendilurg on Salgrvds increasad from £124.895 in 2022 to £129,748 in 2023. A FinancR Assistant was appointed in 2023. The Operations Dimctor salary expenditure for 2023 of £33,405 was r¢imtrrSed by the di00. Grant funding lotslffing £6,CQO wa8 recèived from tr40 trusts in support of the Childrèn's Choir. During Ihg yoar. money was raised for a number of lo¢al, national and ¢ver8e8$ ¢harftable organi$8tknns with th? targest indivKlual amount of£980 being donated to Emmanuel House.
THE PARISH OF ST MARY THE VIRGIN, THE LACE MARKET. NOThINGHAM Futur8 Devdopmènts Thè PCC will ContinlOdev0lOp plansto mark Sl. Mary's as°a bèacon ofh0, and a h8ven Ofpe"WIthin cityofN0ttlhaM and at the heart of Ihe dMKese. The PCC wll also explore way8 to enhan the vl$ttor experience for thtrse vi%iting the cFMJrch. The PCC 11 e4)ntinue to restore. malnlain, and improve the church building 8nd its important place in the city of thttiThJham. The PCC rscognise the finGI81 d6ffieAI incurred in previous year8 and committo exploring optlons to incra8s& r8v8nuè and enditure in 2024 as a prforNy. The PCC wll look to (xjntinueworking with thedloc8sewith 5p8ct toth8 Strdt&Jic Devebprnent Fund and look to devdopfundlng proposals and initsatives going forwwd to further our ststed mission. Thè PCC will 81so conbnue io support the rniSSh)n of the Diocese in 'Growing DiSapS. with °Compassion. Confiden. and Coura.. The PCC look for to w•lcoming 8 in¢umbgnt lo St. Marfs in 2024 worklNJ with them In th• fvttJr¢. The PCC 11 conbnue to support and uphold th8 mu$r1 traditions of the church through supporting and further developlng our children and adult ch¢Trlr8. Declaratlon of aeeeptsnce: Prepared by and svJn*l on beh8Kofthe Trustees on 2024 Joan H8mmonds vichair tt Triggs Secretary Emma Richthson Treasurer
THE PARISH OF ST MARY THE VIRGIN. THE LACE MARKET, NOTllNGHAM Stat•m•nt of flnanclal acllvStl•s fortho y•ar ended 31 Dec•mbor 2023 Unrestricted Restrfeted Funds Funds Endowmnt Funds Totsl funds 2023 2022 Incomè al èndovnnènts from: DonatK)n8 and legacles Income from charitablè ifvitles Othertrading actmtles Inveslmants Othèr Inrne 21a) 285,798 475 286.273 89.868 21b} 2{01 2{dl 21el 92,731 5.115 26.736 173,651 92,731 10,115 29,145 176.587 5,000 2,409 2.936 7,979 27,618 61,195 Total in¢omè and •nd¢wm•nts 584,031 10,820 594,&51 250.964 Expandlture on- Inveslrnent manwjement costs EXpendilu on Chatle acthiiles 3(al 3,264 3.264 3(b 584,701 590,749 301.$36 Total txpendlture 587, 6.048 S94.013 )4.832 N•t1oxpendiiurèylneome bofore 9oln81 11058es1 on Invastmont a880ts 1&934} 4.772 838 153.868} Gainsllloss¢sl on 1n81m0nt a88ets 10,157 4,391 2,581 17,129 1102,7551 Ngt Incomdl•xp•ndilur•l 6.223 9,163 2,581 17.967 1156,6231 Net movgmont In fund• 6.223 9.163 2,581 17,967 1156,623) alan¢es brought foThvard at 1 January 2023 911.121 135.401 30.427 1.076,949 1233,572 BalanceB carwled forward at 31 De¢bar 2023 917,344 144,564 33,008 1,094.916 1,076.949 The notes on page$ 11 to 21 fomi part oflh¢s¢ *LS)unts.
THE PARISH OF ST MARY THE VIRGIN, THE LACE MARKEf, NOTnNGHAM Balan¢e sh•8t at 31 D•¢•mbor 2023 Noto 2023 2022 Flxed Ass•ts Investment assets 939.322 935,372 939,322 935.372 Current assots Debtors Invéstments- short term deposlts Cash at bank and In hand 149,386 23.131 $6,271 70,692 30,678 52,703 228,788 154,073 Llabllltl88: amounts falllng due: within on8 year 73.194 12.496 Net current 155.594 141.577 Totsl Not A88ets 1,094.916 1.076,949 Parlsh fund$ Unreslrlclgd Restrided Permanent endovKnenl 917,344 144,564 33.008 911.121 135,401 30,427 10 1.094J16 1.076.949 Approvad by th8 PCC on 2024 and signed on Its beh2W by.. J Hamm¢nd$ VIcg.Chair gs The notes on pag&% 11 to 21 fonn part of thes& 8co)unts.
THE PARISH OF ST MARY THE VIRGIN, THE LACE MARKET, NOTTINGHAM Ca$h flow statement For the year •ndod 31 D•cemb•r 2023 2023 2022 Cash flows from oporatiftg •¢tivlUo• Net cash (used inyprovided by operatsng activities (46,3031 186.7271 Cash flows from Inv•stlng actlvltl•s vldends, Interest and rgnl from investments Proceeds from the sale of Fix& asset invgslments Purthase of.. Fixed asset investrnents 29,145 27,618 110.117 81.221 196,9381 166,5231 Net rAsh provld•d by InY•$ting a¢tTrvit 42.324 42,316 Change In cash and ea$h equlvalonts In the reportlng p?rlod 13.979) 144.4111 Cash and ¢ash equlvalents at 1 January 83.381 127.792 Ca•h and ¢agh equlvalents at 31 December 79,402 83,381 R•eonclllation of n¢t In¢¢m•l(xpondltur) before Inv•stm•nt galns Nel irwmel{expendfjiuro} Adjustments for.. {GainsO$s&S on inve5trnent5 Dividends. interest and rent frorn Investments {Increasel in debtor5 Increase1(Drgesel in creditors 17.967 1156,6231 117,1291 129.1451 178,6941 60,698 1W2,755 127,618 14,7051 536) Nèt cash lus•d Inyprovodad by op•rating aetivitr•$ 146.3031 {86,7271 Analy81s of ca8h and ca9h equlvalents Cash In hand Short term deposlts 56.271 23,131 52,703 30,678 Cash and cash •qulval•nts at 31 O•c•mb•r 79,4(Y2 83,381 10
THE PARISH OF ST MARY THE VIRGIN, THE LACE MARKET. NOThINGHAM Nots¥ foThrMny part of thè financial 8tattm•nts for the year ended 31 December 2023 A¢countTng pollelès The PCC constiiutes a pd>lic benefit entrty a5 dgfftned by FRS102. The financial statements have been prepared in aCJrdance Mth Accounllng and Reporting by Chadties.. Statem8nl of R8mMded Practieè applicab tts ch8ritses preparing their arLounts in rdance with the Finanual Rèporting St8ndard 8pplicthle inthe UKand Republicof Ireland issued h7 October2019, the Fknancial RekK)rfng Standard pliCable in the United Klnydl and Republic of Irel8nd IFRS102}, the Charitses Act 2011, the Churc AccountiThJ IAmgndm¢nti Regulations 2006 and UK Generally Awepted Practice. Thefinanryal statements h8ve been prepared to give a'true and f8irf and have departed from the Charits"es IAcccuNs and Rgport81 Regulations 2008 onty lo the extent required to provide a 'tru6 and fair vi&w'. This departure has involved flowIng the AcuntIng and Reporting by Charlti•s.. Statement of R8c¥)mmend8d Pr8ctlc8 applicable to charities preparing theira(Younts in ao(x)rdancevJlth the FInClaI RertIng Standard 41ph'cable In the UK antl Republlcof Irdwd issued in October 2019 ralher than the AUtIng and ReporbrvJ by Charitie5.' Siatement of Recommended Practlck effectlve frorn 1 Aprll 2005 whld) hes SI been withdrawn. Thé sJnifitAni tA)unb'ThJ policies 8pplied in the preparaoon of these flnat7dal StateMts are set out below. These policies have be consislenty applied to all ye$ Present unless otherwlsé statod. The financlal statements havg besn prepared on 8 going ncern basis under ts histcrfical cost ¢onvgnlion. $x¢op¢ ft investment assets which are 5wn at fair value. Thg financ¥al stslempJ)Is include all tranSnS, a55et5 and liatxlthe5 forwhich the PCC is respo[Ible In law. They do not Ihe accounts of ehurch groups that owe Ihdrmaln afflllatlon to another body nor thosa that are inform81 gathèrings of church rn8mb8rs. The tN8tees con5iderthat there ar8 no mat81ial uncrtainti8s about th8 Charlty's abillty to eontinu& as a going corKem. The financial $ts1omonts are presented in 8terfing is Ihefuncbonal ojrrencyof thecharity and roundsd lothe ne¥88t pound. Thè &gnificant a(A)unting poliu8S 8ppli8d in Ihe pr8pardtlon of theselnanclal statgrnents are $8t out bdow. Funds Endowment Funds aro funds. the CarAt81 of which rnust be rn?intsln.- onty incorne arising from inves1n1 of tho endijwrnenl may b8 •ith¢r as restricted or unrestricted ftjnds depending upon the purp)seforbthich thg endowmni was established. R8stricted funds represent lal ino)mefrom trusts or g)dovmnts%thich may beexpended unlyon frjse restrrcted oblecls provideil in Ihe terms of the twst or bequest. and (bl donations or granis received for a speclfic object or invited by the PCC fora SpectCobIeCt. Thelunds mayonly be expended on the specific Ob1tforWhi¢h they weregivgn. Any balanc9 rwnaining unspent at the end of each year must be c8rrled fOard as a balance on thatfund. The PCC does not usualty Invest saparataly for fund. Unreslricled funds are general funds whh can b• us8d for PCC 0Inary purposès. In¢ome Hanned 9Nin9. eollèetkjns thn8tion8 are recognised when rece. Tax refunds are recD9nlsed when the ir01n9 resour to whith they relate is reived. Grants and1ggo¢i95 arg acwunted for whgn the PCC is legal entrtled to th$ amounts due. Dwidends interest e accounted for when T91¥able. All other inwme is recognised when receivable. All Ino)rnlng resourc&s are Bcc¥)unted for gross but n8tof Valu8 Added T8x wh8re 8pplirAbls. kn• Expendlture Grants and donations are acmunted forwhon pakl over, orwhèn 8•Ard•d rfthat award emtès a b¥idkng orconstruct& obloattsm on tho PCC. Thediocesan partsh Sha is aeeountedforwhgn paid. Amounts r¥d spoofically for mfjssions are dealt wlth as restrfcted fimds. All other expenditure is generally recDgwtiseiJ when it Fs
THE PARISH OF ST MARY THE VIRGIN, THE LACE MARKEf, NOTnNGHAM Notss lomilng part of th• finon¢i•l ¥¢at¢nnts for the year ended 31 D•c•mbgr 2023 (Contlnuedj Ac¢ountlng pollcl•s (Contlnue incurred and 18 accwnted for gross. Grants offered subject to conditions whth hava not ba6n met at thè yèar-an(J dat8 aré not8d as a rommrfrnenl bul rKTrt awued as expenditure. Flxed assets G)nsecrated and beneficed property Is not Included In tho 8¢¢¢unls in a¢¢ordan¢o wilh S1rA2118} of th¢ Charities A¢t 2011. Movab18 church fumishirgs hdd by the Ir&imbent and Churehwardens on speoal trust for the PCC, which require 8 f8¢uty for disposal, are inalKgnable propety listed In ihe church's inventory which can be inspected lal any reason&blo timel. For anythin9 a1red prior to 2CMXJ Ihere is insuffident cost Infom)atlon avafilab aThJ therefore such assets are not valued in th8 flnantyy81 stslements. Items acquired since 1 January 2000 have been capitalised and depreciated in th8 accounts OV8rth8ir currently Ptipated useful economic Ilves. All expetwjMU Incurred in the yearon consecrated or beriCA buildings. Indlvidu81 items uler£1,(wAJ. oron the rep8ir of movable Church furnislin9s is writtan off. PCC furnishin and office equipment is depreclated on a stralght lino basis ov8r 3-5 yèars as approprfate. Indlvidual items of eq(Apmgnt wth a purchase price of £1,(IYJ or less are written off when the asset Is acqulred. Investmgnts Investments are valued at falr value at 31 Dmber#1 year. Current Inveslments The charity holds cash depostt for investment purpose5, whtch recorde(l at trdnsaction price, in order to ob(a•i a better rate of retum, thereby increasing their inc¥)me enablirKJ them to rneet their objects. Cash •tb•nk The tharity ldS SuffientlUndS in ¢xder to Meet Ils short tém) eAsh mMItMents as tY fall du8. Debtors and ¢Tlt0 Debtors 8nd creditors fecelvable or payable wkhln one yearare recordgd ot transa¢tlon prf¢4. 12
THE PARISH OF ST MARY THE VIRGIN, THE LACE MARKET, NOTfiNGHAM Notss ft+milny part of the finandal statements for th• yéar and 31 D•¢¢mb•r 2023 (Continued) In¢¢)m• and •ndowm•nts from". UStrIcted Restrlcted Total Unrostrictsd Ro$trlct8d FUT8 Funds 2023 Fund8 Funds T¢)tal 2022 lal Do110¥ and legacles Planned gfvtr)g Gift Aid donations - Incorne lax recovgrable - other planned gmng Collections (open plat*l at 811 s$rvi¢os DDnation5. appears et L&Ja¢ies GOBRA 45,803 21,598 1.248 5.721 18,385 25,654 167,389 45,803 21,598 1,248 5,721 475 18,860 25,654 167,389 52,861 8,998 1,229 6,148 13.910 5,0(XJ 52.861 8.998 1.229 6.148 15,632 5,0 1.722 285,798 475 286,273 88,14 1,722 89,868 Ibl In¢om• frnm ¢lMrll&ble acuvftles Church lettings ,662 2,069 57,555 6.749 57.555 6.749 2,069 2,731 92,731 {cJ Other tradhjg aetlvltles Coffoè Fund rdiSillg activities 269 4,846 230 7,749 230 7,749 9,846 5.115 S.0 10,115 7.979 7,979 (dl Investnnts Bank interest Income on Investments 373 26,363 76 449 2.333 28.696 502 24.675 534 27,084 2.409 .736 2.409 29,145 25.177 2,441 27,618 (el (Xherin¢ome VAT recovered Grants SDBF Salary reimburs other Organ Schola5hip Childr8n's Choir 47,571 71.841 33,405 14,834 47,571 71,841 33,405 14,834 2.936 6.000 1,121 13,500 41,574 1.121 18.500 41,574 2,936 173,651 2,936 176,587 56,195 5,(M)O 61,195 Total Income and 0nd0vents 584,031 10,820 594.851 241.801 9.163 250.964 13
THE PARISH OF ST MARY THE VIRGIN. THE LACE MARKEf, NorriNGHAM Note8 formlng part of the fw7andal statements forth• y•ar èndod 31 D•m•r 20231ContlnuedJ expendlture on: Llnr•$trfcted Restrfct•d Total Unr•strFctsd Restrlcted Total Funds Funds 2023 Fund¥ Funds 2022 (al Investsnerfnwnageiiient costs Investment advic 3.264 3264 3,296 3.296 3,264 3,264 3,296 3296 Ibl Exp•ndllur• on eharftablè •etlvltles Missionary and tharftsble glvlng (not& 14) 53S 6,535 7,450 7,450 P8ri5h 8har8 Sanctuary arwj clevJy expenses Insurdnog Heat, light and waler Map)r repairs Roubne rnaintenance and repalrs Fundraising CA)8ts Ftower fund Salaries Mu51C Costs Organ scholarshlp Adrninislration costs T818phoné and fi Computer and IT ¢osts Postage and statlonery Sundry 0xpenS Ac£ounlancy lees 60.00) 2.419 19,199 24.1Y2 287.249 17,232 4,817 1,271 129,748 5.852 fjo,000 2,419 19,199 24.132 287.249 17.232 4,817 1.271 129,748 11.000 60,ofK) fjo,ooo 17.163 17,751 27.455 11.417 7,968 1.056 124,895 3,038 17,163 1T.751 27,455 11.417 1,056 124.895 8,248 550 4,036 5,148 5.210 550 5,354 933 7.361 1,261 6.285 5.053 4,036 933 7,361 1,261 6.285 5,053 439 1.961 1.200 2,205 6,439 1.961 1.2¢J) 2.205 584.701 6.048 590,T49 295.776 5.760 301,536 Total Expendltur8 587.965 6.048 594.013 299,on 5.760 304832 14
THE PARISH OF ST MARY THE VIRGIN. THE LACE MARKET. NorriNGHAM Notes fonnlng part of th• flnanclal stat•m•nts forth• •ndèd 31 D•eèmb•r 2023 (Contlnued) Staff cost8 2023 2022 Wages salarfes sla1 security costs Pens)n costs 120.516 4.7¥2 4,510 116,194 5.200 3,501 £129,748 £124,895 During th8 year the PCC ernpk)yed 612022-51 employees, none olwhom eamed £60,000 pa or mo. No lay ffjember of the PCC received any relmbursement of expenses or remuneration. There were no tsustees. remuneration or other benefits or expenses forthe year ended 37 DeceTnber 2023 nor for th8 yearendgd 31 Der¢rnber 2022. The PCC participales in Ihe Pension Builder Scheme secllon of CWPF for lay staff. The Scheme Is admlnistered by the Church of England P8nsK>ns Board. which holds the assets of the schemes separatety from tlh)se ol the Employer and the other parti(xpating employers. The Church Workers Pension Fund ha5 a S0 known the Defineij Benefits Scherne, a deferred annuity section known as Penslon BuiltJ•r CLass and a cash baknca sadion known as Pansion Buildar 2014. Penslon Bullder Scheme The Pension Builder Scheme of the Church Wod(ers Penslon Fund is mèdè up of h%t) sectlons, Pension Builder Clas6iC and Pensk)n Bulldèr 2014, both ofwhi¢h da%sèd Ès dÈfinèd benefrt sthèmes. Pension Builder Classic provides a pension for members for payment frcm retirement, accumulated from conlribvtk)n8 paid arKI (x)nverted into 8 deferred 8nnulty during employMt based on terffls set and reviewed by Ihe Churrth af En9land P8nsK)ns FA)8rd from timeto tirne. Dls¢retnary increases may also be added, dependlng on inv8th8nt returns and other f8Ctors. Pertsion Bulder 2014 Is a cash balae seh&ne that provldes a lump sum that members use to prowde benefits at retir8nI. PensKJn o)ntn'butions are re(x)rded in an acwunt for each member. This a¢¢wnt may have bonus8s add8d by thè 808rd bdtsrè r•tirÈrn•nt. Thè trA)nu885 dep8nd on investment 8xp8rience and other f8Cttsrs. Thare is no requirement for the Board to grant any bonus. The 4wounl, plus any bonuses dedar9d, 1$ p?yable frotn rnernbers, Normal Penson Age. There Is no sub4fvlsiM ofassets between emph)yers in e&h se¢iion oflhe Psn Builder S¢hem8. The scheme Ls a muttlemployer seherne as d&scrib•Y in Section 28 of FRS 102 8s it is not p)sslble to attr)ute the PensK)n Blder Stheme's assets and liabilities to Sper employeTr. This rneans that contribulions arg 8C(x)unted for as rf the Scheme were 8 defined ctyntdbution sctsme. The penslons c4)sts charged to the SOFA In the year ar8 eontributions payabk8 of £4.51012022.. £3,501). A valuation ofthe Pensv)n Buikjer Sceme is carried out0 every three yeats, The most recent was carried out as at 31 DeMber20l9. For the Pension Builder Cla55ic section. the valtIon rgvgaled a dglldt of É4.7rn on the ongoing assumptiD Used. At the most recent annual revlew, the Board ohose tIO grant a dK8cretionery bonus, whKh wll have acled to Improve th funding posltlon. There Is no requlrementfor dèfidt paymants at th8 rr8Tht time. Forthe Pen$lon Bullder 2014 secbon, ihg vplu8tion rgvealed a surplus of £5.5wn on the OTrJONig assUMptn$ used. The légal structure of th8 sch8me is such th8t if another eMOYerf8IIs. The PCC could beo)me responsibk for payir sharg of th81 employerfs pension liabilities. 15
THE PARISH OF ST MARY THE VIRGIN, THE LACE klARKET. NOTTINGHAM Notes forming part ¢1 the Ilnanclal statem•nts for th• y•ar ènd¢d 31 D•¢ombgr 2023 fcontlftued) Inve5fments HlstorFc Falr value 2023 2022 General Fund T Bailoy Inv8sln)ents 152.181 180,131 197,446 9,252.149 M&G Chartfund units 142.131 132.767 135, Brewin E*)Iphin 494,743 $37.852 520. 789,055 8S).750 853.7T1 Endowment Fund St Mary chan Fund 61 Cgntral Board of Finance Intment Fund unlts 1,379 1,260 st Catharine Mernorial Fund 1,044.49 Central Board of Finan Investment Fund units 13.563 23,611 21,581 st Mary Fabric Fund 56.2 Central Board of Finance Investment Fund units 555 1.270 1,161 SI IAary Fabrtc Fund 4.214.18 Central Board of Finan Investment Fund unils 4,401 6,100 5.778 18,918 32,3e4) 29,780 16
THE PARISH OF ST MARY THE VIRGIN. THE LACE MARKEf. NOTfiNGHAM Not•s to[n9 part of the flnanclal statemgnts for the year ended 31 Oecèmber 2023 {ContlnuedJ Inv•stm•nts {¢ontlnued) Hlgtorlc CoBt Falr valuo 2023 2022 Reslricled Fund Sl Mary Canon White 9,234.943 Central Board of Flnance Investment Fund shares 14,977 13,367 12,660 St Mary Canon White 1,817.37 Central Board of Finance Inveslmenl Fund units 22,465 41.082 37,549 St Mary Cur8t@s 78 Central Bowd of Finance Investment Fund unlts 492 1,763 1,612 37,934 56.212 51,821 845,SM)7 939,2 935,372 2023 2022 At valuation 1 January 2023 Additknns Dispo3aL8 Revaluatk)n 935,372 96,938 1110,5431 17.555 1.052,825 66,523 185,3221 198,6541 Far at 31 DEMber 2023 939,322 935.372 Cost 8t 31 Dwber 2023 845.7 855,437 17
THE PARISH OF ST MARY THE VIRGIN, THE LACE MARKEf. NOTnNGHAM Notes fornilng part of th• thandal stat•m•nts for th• y•ar •nd•d 31 D•c•mber 2023 (Contlnued) Anatysls of nét as19 by fund- 2023 Unr•stbl¢t•d R•strlcied Endowmgnt Funds Funds Fvnd# Fixed aÈsÈts 850,750 56.212 939.322 Current assets 139.788 88,352 228,788 Current liabilffjes 173,1941 173,1941 Fund balance 917,344 144.564 33,008 1,094.916 An•ly$l$ of not •s$trt¥ by fund- 2022 Unrestrlcted Restslcted Endowm•nt Funds Funds Funds Totsl Fixed assets &53.771 51.821 29,7 935.372 Curr8nt a%88ts 69.846 154.073 Current liabilities 112,4961 112,4961 Fund balance 911.121 135.401 30,427 1.076,949 Debtorn 2023 2022 Incorne lax re¢tsver8blo 59.610 55.967 Other detrrtors 89,776 14.725 149,386 70,6 In¥e8lments • Short temi depo81ts Cash held for investment 23,131 30.678 Llabllltles.. anounts fallng due wlthln one year Aceruals 5,441 2,740 Other creditorB 67,753 9.756 73.194 12,4 18
THE PARISH OF ST MARY THE VIRGIN. THE LACE MARKET. NOTTINGHAM Notss fomilng part of thè financial 8tat•mènts for the year end 31 Downber 2023 (Continuedj 10 Fund dÈtall8 The restric fund Cmpr[se$.' Balan at 31 Dec 2022 In¢om• Galn ¢t901n5 Ilosso8} Transf•rs Balance at 31 D•c 2023 Endowment St Chancd Fund Sl Catharine Memortal Fund St Mary Fabiic Fund St Mary ChoirtK>yS 1,260 21,581 6,939 647 119 2.030 1.379 23.611 7,371 647 Reslricl•d St Mary C8non White St Mary Curate8 St Mary Undèrfto(w H889 St C8lharin8 Memorial Hall Fund St Mary Chancel Fund St Mary Fabric Fund St Mary Choirboys l Music Fund St Mary Organ Scholarsh 56.358 2,622 64,614 1.412 81 4,239 152 2,855 64,614 1,289 1.399 1,136 8.286 2.976 1,319 970 7,934 166 5,5(Kl 2,936 5,148 9t)0 16S.828 10,820 6,972 177,572 St Mary Chanc81 Fund-to k8ep th8 chan(%1 and weather proof St Catharin8 Memorial Fund- churth hall repairs St Mary Fabric Fund- fabric and malntenance Sl Mary Cholrboys- ¢hoir funding St Mary Canon White- rellgious purposès St Mary Curates- accumulated forcurates St Mary Undeffl(K)r Healing- rnaintenance and repairof undernoor hoaung and Mnovathin ef Itqhting St Mary Organ Scholarshlp-organ scholarship St Mary MUS Fund- fftu51C The unrestrlcted fund (omprises.. Balanco at GaFn 31 Dec 2022 Inco Outgoing• (lo) Tran¥fer8 Balan at 31 Dgc 2023 General South Transopt Wo1118ell$l children s Choir Director of Music Lht1 Project Passion Flay Porch and Servery wOrt(pia Wednesday 911,121 287.947 200.338 6,825 1,000 302,738 187,313 5,671 1,000 2.040 3.386 82,948 10.157 14.1401 9D2,347 13.025 2,154 1,000 12,040} 2,208 1211 13291 4.094 82,927
Jo 1.500 1,640 911.121 584.031 587.965 10.157 917.344 19
THE PARISH OF ST MARY THE VIRGIN. ThE LACE MARKEf, NornNGHAM Not•s fom)ino part of th8 flnanclal ststgThwnts forthe yur end•d 31 D•mb•r 20231Contsnu¢d) Fund Recondllatlon At 1.1.2023 Galnsl Iloss•sl At 31.122023 In¢ome Outyolngs Unr8strkt Fd$ Restricted Fund Endowment Fund$ 911,121 135,401 30,427 584.031 10,820 1587,%5} 16.048} 10,157 4,391 2.561 917,344 144,564 33,008 1,076,949 594,851 (594,0131 1T.129 1,094.916 At 1.1.2022 Galn81 110¥8etsl At 31.12.2022 Incom• Outgoing¥ Unrestrkted Funds Restricted Funds Endowment Funds 1,069,863 139.185 34.524 241.801 9,163 1299.0721 (5,7601 191,471 17,187) 14,097} 911,121 135,401 30.427 1.233,572 250.964 1304,832} 1102,7551 1,076,949 11 Conn•etèd charlU•B St Maryb Reslo¥th"on & Development Fund have objectives related to tfv)s• of fv PCC, granis frC thesa fvnds ar• included In thèsè acc(NJnts. In 2(r23 £8.07812022 - £3.000} was r1Ved from St Mary's Restoralon & Development Fund. 12 Lo4$•$ Total future minimum lease payments under nonn¢Ilable opwating are as folbwB'. 2023 2022 Wrthin onè year se09n one and fwe years 156 585 £741 £664 13 Indep9ndont Examln•rn' F••s Fees payable in respect of.. Independent examinatlon Payroll Other 2,100 374 2.579 1,896 20
THE PARISH OF ST MARY THE VIRGIN. THE LACE MARK. NOTfiNGHAM Notes formlng part of the fmancial 8tatsm•nts for the year ended 31 De¢embgr 2023 (C¢>nUnued) 14 Mlssionary and charltable gfvlng Unr•strict•d funds R•$ttfet•d funds Totsl 2023 Total 2022 ChurGh overneas Mlsslonary Societsos Friends of Kagando Hosptsl jo 500 500 Justlce Defendars 500 5Tr) 1,OLK) 1,OLK) 1.000 Other ch8nlies Royal British L4ion 766 F¢olprints 500 500 Children's So¢knty 1451 For$ In The Community 406 1,221 Lctal charifies St Mory's R8li•f in N••d Safo Familiss for Children 500 500 500 Jeritho Road Project 500 500 Nottingham High School Founde Dgy Swvice 400 ErnThanuel House 1.180 Open Home8 500 500 500 L8g81 S8rvl 56 Maackpws Food Bank soo 5( 1,093 SSAFA Norton Hwse 500 Nottingharn Arirnath88 Trust Ifornety Host Notts"nghaml 500 500 500 DuC1ng$ 649 649 4.629 4,629 5.229 6.535 6,535 7,450 21
INDEPENDENT EXAIAINER'S REPORT TO THE TRUSTEES THE PAROCHIAL CHURCH COUNCIL THE ECC ESIASTICAL PARISH OF STMARY TH VIRGIN THE LACE MARKET NOTTINGHAM I report lo the tharity trustees on my examinat)n ol the a(Jnts ofthè charity forth8 yèar 8nd8d 31 D&•mb8r 2023. which are set out on pages 8 to 21. Rg8pOnslbitlti and b18 of report AS the Ch$ trustees you are responslble for the preparatlon of the aeKounts in a¢¢ordan¢o wilh the r•qrOM•ftts ofth8 aTre$ Act 2011 fthe Acri. I rèport in resp8Ct of my examination of the charity's a¢Unts carrfed out under sn 145 ofthe Act and in cffjing out my examinabon I have followed all ts applicable DlrecQons giv&) by the Charity Cornmissvjn under seclion 14515Xb} of the Act. Since the charitys gross SncL¥ne exceedad £250,000 your èxamlnèr muat bè a mèmbÈrof a body listed in #éction 145 of the Act. l Confirm that l am qualthed to undert?ke th9 ex8minatK)n baUSe l am a member of The Assooiation of Chartere(J c8rtIfi Aca)untants. Ind•pèndènt examlnerfs statsmant I have completed my examlnatlon. I c4)nfimi that no m8t8ri81 matt8rs have corne to my attentlon in nnectIOn with lh8 exInatIon giving me cause to bell8v8 that In any fflatèria Mspèd-. accounting record5 were rK)t kept in respe of the charity as by section 130 of the Act,. or Ihe avnts do not aco)r(I wth those records.. or the accounts do not comply vthth the applicable wuirements ncerning fDWm and content of account5 Set out in thp Charities IAc¢ounts and Reports) Regulation5 2CN)8 olher than any requirerngnt that ts acwunts gIVg 8 Irug and f8irMew' whlch is not a m8tt•reoN8idored a$ part of independent examlnabon. I hav no concems and have come across no olhermatters In Connection the examination tu which 8ttention should be drawn in this report in Order enable a proper understandSng of tha aco)unts to bè rèed. HogJ6A Karen Mealand FCCA Lemans 29 Afboretum Street Nottingham NG14JA 2024 22