THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, THE LACE MARKET, NOTTINGHAM (R8yistered Charlty number: 1177652} Annual Report and Financial Staternents of the Parochial Church Council for the year eIed 31 St December 2024 INCUMBENT: Rev'd DrJame5 Saunder8 OFFICES.. The Chapter House Sl Mary the Virgin In the Lace Market High Pavement Nottingham Nottinghamshire NG1 1HN BANK: National Westminster Bank PIC Smlth's Bank Branch South Parade Nollingham NG1 2JX
THE PARISH OF ST MARY THE VIRGIN. NOINGHAm Alm and purposè The Parochial Church COU11 IPCCI of th8 parish of ST MARY THE VIRGIN. THE LACE MARKET. NoINGHAm has the ¥esponsSbllity of promotiro lin the ec¢lesia5tical parish) thè wh¢lo mission the Church - pastoral, evaTrJdistic. social, and ecumenic81. Our pari8h akns are lo b9'a L*a¢on of hope and a haven ofpeace". Sen9 to be.. A eommunty of welcome and acPIar$ce for all.. A church where God is èncountèréd through worship ofthe hlgh9s1 qualty: A church which serves the many difftirenl communities oftha City of tr(JhaM through relatlonshlp. Convèrsation and service,. A church wh&re people ¢an question. explore. and grow Sn fath. Flnanclal Statements The PCC pr898nt thair Annual Report and Ihe Flnanclal Statements for the year ended 31 December 2024. The twstses have adopted the provisions cl Ihg Statement of Recornmended Pradce ISORPI 'Aounting and Rep(vtin9 by CharfUes' preparing the anmal report and llnanoal slatsm8nts. The financial stalements havè been prepared in lIanCe with tho 8ccoun1ing poli¢les set out in the notes to the accounts and comply wilh th¢ Charfty's govemlng documen¢ the Charities Act2011 andAccouniing and Repcwling by Charibes.. Statemènt of Recommended Practice appliCae lo charitie$ preparing thèir aecounts in acex)rdancè with the Finanal Reporting Stsndard 8PtAKable in the UK and R6public of Ireland publislwd In cktolr 2019. ConstituUon prlndpJ activity The PCC isa corporate bodyestablished bylhe Chur¢h ofEngland. The PCC opwal8s urthrthe Parc¢hlalChur¢h Coun¢FI Powers Measure and is an exempted charity arKJ providès facilitiès for worship and religious obsèNanca forthe people Notb'ngham env0$. The primary objectwe of PCC m&mbèrs Is the promotion of the Gospel of our Lord Jesus Christ according to the doctrines and pwtiGes of th¢ Churth of Eroland. Day to day activtb95 includas= Rular pUle worship that is open to all. The provlskn ofsacred space for personal prdyer and cont8mplati¢)n. Pastor81 worf( including VIling the sick bere8vwJ. Teaching of Chrfjstianity throtyJh semions. courses, and srnall groups. Promtstion of Christi8nlty through the staging of events and meeting& Promoting Ihe w1e church through engagement in aCtiVeS witti the wder communty Support ofother challties in the UK and oversgas. Govemance The aFvoinlment of PCCS is gov8msd by and set out the Church Representation Rules. PCC mÈmb8rs aro appointed by an Annual Church meen9 oflhose people on the Electoral Roll of the Parish of St Marfs in aco)rdance with th? laws gi)vgming Ihg Church ol England. PCC m8mb9rs L¥Jtrol th8 govgmfflent and business affairs of the Church. As the PCC has ullimats rewnslbllty for a wlde rarKJe of matters affecting the parfsh. Sndudiro sh matters as ¢ompllanc8 with healih and safety, data protection, disabilty di8criminalion legislation and safeguarding of youThJ people and vulnér8bl8 adults, thè PCC adopts approwiate training and procedures. These include ttendance at tralning courses wranged by the dioce8e and d9anery and the di5sernln8tk)n of reading rnatter. Rewes¢nts11ves oflhe PCC attend ¢our¥es rèwrt b4{10 th8 PCC as 8 tK)dy.
THE PARISH OF ST MARY THE VIRGIN. THE LACE MARKET. NOThINGHAM PCC members rnel six times, ¢¢N)sisting offive rular meeliros IFebwary. April. May. Juty. and October) and special mgellng to dIU85 a time-senshlve prowsal. The Stsndir@ and Financ8 Committee met six times. Giv8n its de resp)nsibilities. th6 PCC has several other Clxnmittees de3ling wilh partkuFar aspects of parish life. National Westminster Bank Pk Smith's Bank Branch South Parydde Nottingham NG12JX INDEPENDENT EXAMINER.. Karen M8al8nd Lemans 29 Art)orelwi Street Nottingham NG14JA Membgr¥hlp from 19t Jan 2024 to 20th Ma 2024 Mèmb•r8hlp from 2111 May 2024 to 3191 Dec 2024 Rav'd Dr James Saundern, Rev'd Plppa Scott Clergy Rev'd Plppa S¢ottl Edward Mills Edward MSlls Wardens Ma ret wdeMan Ma Jewers De8nery Synod Representatives Kevin H8ncox KÈwn Hancox Glaeomo (jar8} Persico RichaTd Gutteridge Ra¢fl Flsken Giacomo James Persi Diocesan S nod Re sent8tN8 Lay Memb8rs ofthe PCC P8tÉr Ba8 Leslie Blake Jean Han¥nonds Rach81 Fisken Ruth Lindstrom Jèan Hammond$ Hannah Rednall Ruth Lind8trom Emma Riehardson Loma Richardson Loma Richardson Heather Walpole Janè Rldlay Jonathan Stork Heather WalKKJI8 Jonathan Stork Peter Bartlett Co- Opted Membe Emma RiGhaSOn Margaret Wiedemar PCC Secretsry Matthew Trigg Matlhew TiwJgs4 l LicÉns•d as Curato to SL Mary's on 14th Febru8ry 2024. 2 Licensed and In81allgd Wirar of Sl. Ma$ on 17th De¢8mb8r 2024. 3 ResvJned 22 October 2024. 4 Also an elected meTr)er.
THE PARISH OF ST MARY THE VIRGIN, THE LACE MARKET, NOThINGHAM Commltte¢s and Groups The Standing C(mittee is the onty eonNnittee r6quired by the Church Reprasentabon Rula& It has Ih& tx)wertr) transactthe bUnesS of Ihe PCC belween its meeings, subjectto the 1ctIOn given by Ihe Cwncil. The Standing Committee con&sts ofaTry clewgy Ivnsed tolhe pawish, thetwo Churchwarfens. the PCC SeGretsry. the Treasuiei (Emma Richardson). and the AStant Treasurer (Jean Hammonds}. Th¢ie are thr¢e other subcommittees with powers delegated lo them by the PCC.. the Fabriclsite Committee, Marketing Ccfflmittee and Worshlp c(mIttee. These cornmiltees all reporton th&'r tiVitieS regularly lo the PCC. txjring th8 intèrwnum startiwJ al Easter 2Q23. the Wotship committee was ée facto dissolved, and all decisions rslating to W¢y8hlp ware made by th8 Churchwardons. sUppd by our Cw8t8, Rav'd st( and Sianding Committee. ACHIEVEMENTS AND PERFORMANCE Spoeial not•.. During 2024, the PCC held meetiros in onlinÈ. in-pèrÈtsn and hybrid fomats. Church bus858 ¢ontinu8d to be conducted In a dmely and efficient rnanner through the tneelings or by correspondence. It should be noted Ih8t Ihg Churd) eontinuad in a p8r#)d of int8ff6gnum through until 17h Dec8mb8r 2024. During this rne. our Churchwardens, staff fflembÈrs and volLkntoèts havè givèn a eonsidar8ble Amountoftime and eftY to maintaining the day-to-day running ofth¢ d)urcl). Th¢ PCC ol SL Mary'$ 9$h to thank 81 Ilw¢ involvod ftythtyr efftvts duriny Jis exlend¢d perfod vacancY and k)okforward to wothng vAh Rerfd DrJames Saunders as Mcar golng forward. Th• PCC also wsh to thank the contslbvllons of Lucy Haigh IChldren'8 Cholr Dlrectorl. John Keys (Director of Music), Duncan Purves Iverggrl and NKkTurn¢rlOp¢rations DirKtorlfgrth¢iiassistsnG¢ in wtnpl¢knngthis report. Objective6 and ActlvltS98 Tho primary objective of the PCC is the promouon of the Gospel ofOwLord Jesus Christaccordlng to the doctri8 and practices ofthe Church of England. The PCC is committed to enabling a8 rnany people as tJos8ible lo w)rship and to b)Me part of the p8ri8h comMlty. The PCC maintains an overview of worship and tnakes su99Eslions how Chuh %rviGes Gan invo6 as many people as possible from both within and outsvje oflhe pari8h. Th8 8erw88 and worship put frth into pracdce through prayer and scripturè. music, and sacr8mÈnt. Ihhen plannlng a¢¥195 for the yoar. the PCC and Vicar ¢cSjer the Charlty Commlsslon's guidan on publl b8nèfil and thè specific guidance on charities for the advancement of relign. The PCC and Vicar ty to enable ordinary people to live out their fxrfh as part of thè paiish comrnunity throJh'. Worship and prayer learrnng about thè Gosp81', and davdoplng Ihglr faith In Jesu8. Pastoral carg of the parish ¢ommuniiy. Mission and outreath work. Our prirnary focu$forwor8hip mmains Sunday seNlcos and festfvals. BuSldSrKJ on the successes ol prgvlous years, wè havè continued with a blended approach to SerVi-186 fomal, family-orienlaled services forfestivals su as Harvest and Chri&irole, along$idÈ prar book liturgy for othér important Christian fastiV8ls le.g., Advènt, Epiphany, Tiinty, elc.). This has worked wel with a Common Worship ICWI Sung Eucharist aNI a B(KJk of Common PwayErlBCPI Chora Evens(g as the usual Sunday pattem, with BCP Evensong also on Wethesdays. Thursday lunchtim8 services of Holy Cownrnunion were restsrted mid-way through the year, and regular Moming Pray&r$tsrtÈd aftèrthèappointmènt of R'd Saunders. &Jnday worship continu8d to bo broadcast onlin8 forthosa unable to make il into th8 church buildw. In dj0n to regular serybces, St Mary's hosted rftes of passage at baptisms. mamge, and death. The high stsndard of music and IMJrgy ha$ been nwlntslned thanks lo th6 work of the of Music. ChIldn,$ Choir reCtOr our adult and children's CrS. St Mory's has a chcir scho1h1p that supports g numb8r of h¢xal %holars and an organ scholar.
THE PARISH OF ST PaARY THE VIRGIN, THE LACE MARKEf, NOTnNGHAM In 2024, th8 Choir und8rt¢)ok 129 choral Servi5, 5UPPOrted by both regular members and Choral Scholars. In addition to their regulai liturgical commilrnènts, the Chiir participated in a Collaborative cane•rt with the Classical Trombone QuarteltÈ Isicl thè string players of Orthestra ol the Restoration to rnark the 200th anniversary oIAnton Bruckngr's birth. A perfomi)ce of J.S. Bach's Johannes-P85sion kjok pla( on Good Friday, and 88rlEr in the year the OichEStra of the Re8toratitsn contributed to concerts featuring finalist¥ from the Notbngharn YouThJ Musician of the Year competith?n. On February 11 the Chetys Consort of Vi¢ts playod voluntarfgs and accompani•d the choir al Evensong. This was after giving a concart'ln honour of Willi8m Byid, wlh rrwztssoprano Holen Chadston in Ihe afternoon. In June, th¢ annual Choral Schol8rs' Concert provvJed an opportunty loryounger singer8 to ensemb pieces aThl 50105 outside the core liturgical oeuvre. In preparatiDn for Ihe Advent Prtseèssion, members of the Choir togk part in a one4ay masterclass led by Dr OavKI HS11 MBE. St Ggorye's in the hA8adows hc6ttd th• session. a5 well as 58veral iehearsals during th8 yaarwh•n St Mary'8 was in use for 8xtemal evgnis. Th• Chldren's Choirs IBoy5', Girfs,, and Trairitng Chthrsl had a highly 8ucce5sful 2024, with notablè performanrAs and growng partiapab"on. They wor¢ featured in Chyth fim8s and unth.nued their regular involvement in chureh services, IndlIng famty Servic85 and Eucharists, culminating In their first Even50ng and a Chori$ter5' CarDI SeNKe in December. They aL*o rfOrmed Handel'8 Messi8h with the Nottingham 8a¢h Cholr In April and host•d iwo $wnmer w¢thshop5, leading lo ninè new memb•rs in September Tha choi15 tecowed new robtsfLtnded by Chaiitab Iwsts. ieflecting their growing professK)nalism_ Additionally, Ihe Children's Chorr Ditectoi expanded OutrCh efforts through the'&ng NottinaMI, programrne, engaging nearfy l.oc children across multiple $ehools. The church has a fine peal of bells which, following extensivè f•pair work to our Soulh Tmsept, continu• to be used by St. Mary's and vltIng belIrinr$. hi51oric parish covers a large sectson of th8 cty cEntre, which 1$ m¢$dy by business, commercg, education, and lsure ortentated organi58tions. The demographiE5 Df tho parish are v•ry dwerse with yuJng, single, upwardly mobile p8opl• INing in 'bft apartments, in the La Markgi and eonversions close te the edge of the area. Th? parish ig onethat sees lot5 of visitors and ha$ a Considerab transient population. PeopLg constanlty ome into the patish to work, Shop, and spend t1r leisure time. To support rt6 Otiedw8s. ihe Parochial Church Countsl IPCCI acknowledgesthe necessity olrnaintain1 tsfabr of the church buipjing. Th remairo a stqnificant of expenditurè and focus forthe PCC, 51aff, and voluntsèrs. Through lh• dedicated efforts of the Fabric Commiltèè. the parish has uplEld best practices in the ongtsing maint8n8nce and dèvebpment of its bu11ng$. Key projecls undertaken durin9 Ihe ygar inclu¢Jed extensive work on thtr church tower. suth as Ihe repair of ono of the towèr pinnades wdth? strengthening And PInng of allthe pinnades with coppeistrappin9. S¥Jnrficanl repairs We also carrd out on the Tower and B811s, VeragIng bell rnaintenance training days to cornplets additional work. Thè chur¢h'$ lead roof required ongoing repair8 to address leaks. with watetproofing also 4)plied to flat rwf areas and mortar repaits undertaken to prgventfurlherwatsr ingress. churchyard grounds received continuous care and mainknance to preserve their condition. In addition, the existing lighting chandeliers were removed and repla wlth temporary lighting. thou progte55 oft this project was delayed due to suspected astestos. Cornprèh•nsNe asbestos surveys wer& conducted Ihroughout the buikjing, revealing r•sKJual depowts in 5evgral aoa$. including the boiler mom. bknwer room, nave ducts, and pathways loading from the Quire to Ihe ve¥try. Quotss w•re obtsined for r8rnoval and decontsmination. Further initiativès included an Energy and Net Zero Audit, a survey olthe external 8tOn8work on the Tower-whi¢h rèvealed no major i8sue8-and mea$urest8ken tOe[9¢0MpllanCe with Firè SafetyAuthority recoMMendatn5. The v8stry ¢h)¢k In the nave w85 serviced and repaired, and the external tower door locking mechanisrn was restoretl following an attèmpted break-in. These elforts refiect the PCC'S ongoing ¢ommitment to preserving the church's historic fabric whi18 ensuring satety. su$tsinaknlty, and accessibilty forthe parish communty. Du1w th• y•ar. the Ele(knral Roll was revised and therè now 128 peopK8 On tha El8cloTal Roll. The parish is cornmitlad to Inclusiven8ss, which is r&fiecled by all that Is done on a d8y-ttrd8y basi8. The PCC $trNes to offer the spirit Of welcom• and hospitality to ensure that everyon8 le•L% wekome regardless of age. disability. gènder. Marital status. race. sexual orientation, poverty, religion, or nationality.
THE PARISH OF ST hlARY THE VIRGIN, THE LACE PIARKET. NOTTINGHAM Mis$ion continu85 to be a priority of the PCC. The PCC eontinuas to b8 eng with the Church DI Englands Strategic Development Fund ISDFI 2nd wOrd wrth the diocese duriro the year in deloping the fvndiTrJ proposrtion. In 2024, SDF hjnding supported thework of Ihe OFerations Dir•ctN, lfurther hiring of paid stsftw8s paused whi151 in intènwnum. Th• PCC continues lo be committed to developing ministy throLyh art. rnLkSie, liturgy, and commuThty events. Sl Mary's has one of Nottingham's finest indoor 8pa¢g5 forwor5hip, cOnrts, events, exhibOn5, and •ducation. St Mary's partiwated Noltingham City C(yJnci15°Lighl Night" festival. The PCC also gn5ur8s that the churchyard is open for wblic iecreation, whh is tsken up by tha local communty. From a civic per8pects'vè, th• Church hosted thè High Shen'ffs annual Legal servi a8well as 8 s•Nc• lor RemembrarKg SurKlay with the Nottingham sdIc)I CCF and other assort8d cadet squadrons. Thg PCC financKalty 5UP[N) 8 number of c<ganitKInS wrthin the cty of Nottingham. The orgonisaliu)s supw)rt811 wère ErThnanuef Housg. YMCA Robs"n hood Group. Thè Luthèran Church, Nottingham Refe? Forum. Ba6e 51 and SSAFA, a tharity suppoibng families of injured service petsonn81. Fundrnlslng Activiti•8 Raising funds for the work of Ihe chuich is a priority of thè PCC as the rnaintenancèlrefurt)ishment of the church bU11ng$ and contributions lo th• diocesan quots$ continu¢ to b8 drawing heawly on the financial re50uie•s of the parish. Th• PCC finanaalty 8uppots $8veral cty-centre b85ed organisations that work wth marg#iall1 peopb. Invoslrnent Poli¢y The PCC inveth •ny moni8sconsKJered by the Trea$ur8r8s not required forthe w7)m6diate purpose ofthèchurch. n dep051t wilh the Churth of ETrJland D8POSit Fund. Oth•r mon$ not on dgPOSit at church's bankets are in securrtw in which Trust money can L in¥e$ted. The indir8cl investrllents are h•ld by Ihe Dioce88 of Southwell and Nottingham on behalf of the PCC 8Th1 ar• inv•st•d prinupally wrfh the Central Board ol Financ8 in the Investment Fund or Fixed Inte61 securit$. Th8direct inveslrnent5 in govemmnt stoth8 and equilias are actively Maed by inve5trrent managers on 8 di8cretionary basks following the Church of England Ethic81 In¥estsnent PoM¢y for mukM)g gmnts or donatlons Subjoct to Iinancial ccfflsid?ratKsns Ihe PCC wdl nsIder makin9 9r8nls to local charitsès whth •xtend ts mi85ion ofth• churth in the centr8 of Notbnghall. R8s•rvos Pollcy It 15 the poh'¢y of th8 PCC to maintain 8 balance on unre6trided rg58rv8s Inat currErrt assètsl whith equates to at ast thr88 months unrestricted payments. This is equiv8knt to £127,500 and k8 held to smooth-OLrt ffluctuations In cash flow, Coveremergency situats'ons, and m•81 unexpected repair costs lo church buildings whlch may arise time to time, The bolano yèar was £235,054 whh 8xce8ds th8 8xpect8d balarKe, Risk Managernont PCC m&mbÈrs 8cknOWdgtr thair ultimate responsibilty for the eflective management of risk. The risks relate t mattw5 affectlng the parish including ccffipliance with h•alth and safety, dIbilIty. discriminatiDn legislathon and 88fe9uar<lin9 people. The PCC regulady as5e55e5 all tnajor iisks to whif thg Couneil is •xpos•d and wiew$ all 8ySt8ms and proc8dur8s. It has a Parish Safeguarding officer who erIsuS proper e8t8blishrn8nt and eès•rvance of policies and prOClureS in fespedof thildren and vulnefoble adutts. It has an appointed Data Protection Offterto minimis• 8XPO8ure to data risk and ensure data prots¢bon standards are UFthe The PCC in rwnising its re8ponsibiliti•s has place pdiaes aTrJ proCureS lor recruilrnent, Induct. and tr8inin9 of PCC m8mb•ts, Pa staff ¥onber$.
THE PARISH OF ST MARY THE VIRGIN, THE LACE MARKEf. NOThINGHAM Statem•nt of th• PCC memhrs TpOn¥1b11ld0I rqgardlng fin8nclal matter8 PCC members are reSpc51)le for preparing the Tru8toe8' Annual Report and Flnancial Staloments In ance with applicable law and unl11 KiNJdom Accountlng standards (Unlted Kingthjm Generally Accepted Accountir Pracli¢el. Thè18w 8ppli¢able to charrtlas In England and Wales require8 PCC Melr3 to prepare llnancial stslements for each finan¢ial whi¢h glva a tn and falr vivw of the stats of affai of thg PCC'S incomlng resour¢88 and appliGation of rgswrGes for thal period. In preparing those finandal statements. thB trustees a QLl1r8d lo.. select suitable accounting polrciès 8nd then apply them con$Sstenlly obseNe the methods and principltr$ in the Ch8rSties SORP 2019 make judgements and estimatss that are reasonable and prudent state whether applicable ac¢ountiThJ standards and ststements of recommended practi¢e have been followed, subject to any departur88 disclosed and gxplained in the finanoal statements ppare the financial slalements on the going concem baS unless il is inappropriat8 lo presum that the PCC will continue in opèrational èxlstÉnc8. PCC memters a spOnSible for keeping propèr accounti records that disclose with rea50nable accuracy 81 any time the financial position ofthe PCC and enable them to ensure that the finarrial stat8ments compty wlh thè Charitias Act 2011, the Charity IAccounts and Reports) Regulations 2(MJ8 and the Church Accountrvj Regulatlons 2006. They are also respon84b for safegvarthin9 the a$sets ofthe PCC and hence for taking raasonable steps fvr the prevention and det@cUon of fraud and other irregularities. Finances The Statement of Fin8nci81 A¢tiviti8s for the yèar shows a deficAI of £4,535. The fotsl inwme for ihe year bèing £513,984 with expenditure of£518.519. This deficit Compa to a surplus of£838 in 2(r23. The total offuThJs held by thè parish 8t the ènd of 2024 was£1.107,568 lofwhich £923,531 was vnrestsictedl. This repre*nts an Increase in the lotsl funds of £12,652 compared to 2023. In¢omts from invgsbnenls was £31.451. Voluntsry Inccxme was £205,137 and acivlues generated £87,727. Sl Mary's pald P8rfsh Shar8 of£62,976 to the diocese. Unresfficted Income for the year was t1.322 eomparèd to £584.031 in 2023 and PCC unrestricted expendsture for 2024 wa8 £510,153 compared lo £587,965 in the previous year. The gross income from letting thg buildlng In 2024 was £85.434. At the st of thÈ y8ar. tha valua of St Mary's Investments 81ood at £939,322. Invsstsnents docreased in value to £779,219 by the end of 2024. Income from investments increawl slighdy during the year as shown by an invostsnenl iome of £31.451 during 2024 comparèd with £29.145 in 2023. ExndItUre on rnaiorTep8irsw88 £202,590 ex)mp8redwith £287.249 in 2023. Major trAJilding work In 2024 induded linuing work to r8palr the South Transept wall. In addition, the instsll8lion of the porch al the West èntranca of the building and the new servery in the North-wèst u)mèr ol nave continued,. the nel co81 for Ihese projects was reclaimed through the Strateglc Development Fund. Work to repabr the lowor plnnacles following stom amage was undertaken. the main cost of which was ¢ov8red by tha church insure. 2024 also saw the comm8ncement of Work to upgrado thg lighting in St mas., thls prO1t is ongoing. Expenditure on salaries increased from £129,748 In 2023 to £136,266 in 224. The Op8raUons Dlredor salary expenditure for 2024 of £33.325 vrJs portly rgimbursed by the diocese. GrantfvrKJing totalllng £10.000, Gomprisiry £5.000 e from ihe Foman Hardy Ch8fftablo Trust and The Ousel8y Trus( was rècÈivÈd In suppjrt oftha Childrèn's Choir. During the year. moneywas ralsed fora number of IcrAI charitxble organlsationswith the largest indiwdual amount of £713 being dcmated lo Base 51.
THE PARISH OF ST MARY THE VIRGIN, THE LACE MARKET, NOTllNGHAM Futurè Dévèlopmants In th8 eomlrKJ year. the PCC intends to work towards the following priorities.. Devlse and imprnent a new cOmmunbOn strategy (with a particularfocus on digital modial that ts118 th•'St Marfs story. in a dear and compalling way for a diver8e rang• of audienc8s. Support nèw LÈÈd8rsforChildr&n & FanNlies and Youth, Stud8nts & Young Adults in growwJ the church's offer for under-18s and 18- 30 year old8. Contlnue to maintsin the hlghest slandards of Ilbjrgical musio supporting the development of both adu and chldren's (*oirs and F4anning fortheirluture sMtsiiaNity. Contlnued focuB Cm P8(We'tying t1, orjoining Sl Marls to onsure thoy th¢ir place in thelrfo oftho chuh. D8vèlop 8 plamed programm of opportunities for people to explore. develop and deepen their Christian frdith. Develcy a programme of themed'city C(wrsathons', bringing logolher key pw)16 8nd in$tituthon$ from the eity for medng. encounter and discusgon. WNk towwds a 8CesSl Hedtage Lottery Fund bid that •nsures the church's Ftysical falC is sound, S8cure and ffit ft)r purpose for dKades to Gown¢. D8vi88 and Implemenl a doar stralegy to 4ddres5 the thurth's ffinar d8fiaL Ooclaration of acceptan. Prepared by signed on behalfofthe Trustees on 21" 2025 Rev r Jame aundèrs Vicar & Chair Emrna Richardson Treasurer
THE PARISH OF ST MARY THE VIRGIN, THE LACE MARKET, NorriNGHAM statèmwt of fln•n¢i•l activitiès for th• y•ar •nd•d 31 December 2024 Unrestrlcted Funds Restrlcted Fund$ EndowThnt Fund8 Ttstsl fund5 2024 2023 Income and endowments from: Donations and legaclas Inc(¥Ne from charitable activities Other trading a¢tieS Inveslfflenls Other Inco 2{a) 205,064 73 205,137 286,273 2{b) 2{c) 2{d} 2(e) 87.727 1.379 28.863 178289 87,727 10,380 31,451 179,289 92,731 10.115 29,145 176.587 9,CN)1 2,588 I,0 Total Incomg and endcvmignts 501,322 12,E2 513.9B4 594,851 Expend5ture on: Investment management costs Expendmure on Charitable activrfles 3(a} 3,339 3,339 3264 3(bl 506.814 515,180 590,749 Total •xpondStur 510,153 8.366 518.519 594,013 Net1oxpondttur•)nn¢omè b•for• galnsl (IoBses1 on Investment assgts 18,8311 4.296 14,5351 838 Galnslllosso¥1 on In¥èstrn•nt ass•ts 15,018 1.384 785 17,187 17.129 Net Incorrnllexp•ndltur•) 6,187 5,680 785 12,&52 17.967 Nèt mov•m•nt In funds 6,187 5.680 785 12.652 17.967 Balar8 brought foTh¥ard at 1 January 21Y24 917.344 144,564 33,008 1.094.916 1,076,949 Balances Carrf foNnrd at 31 Decornr 2024 923.531 150.244 33.793 1,107,5fjB 1.094.916 Th8 notas on pages 12 to 22 fom) part ofth8se accounts.
THE PARISH OF ST MARY THE VIRGIN, THE LACE MARKET, NOThINGHAM Balanu shoot at 31 De¢ember 2024 Notg 2024 2023 Flxod Assets Investment assets T19,219 939.322 779,219 939,322 Currnnt ass•t$ D8btors Investments- short t8rn deposits Cash 81 bank and In hand 81.393 108,227 159,394 149,386 23.131 56,271 349,014 228,788 Ll4bilities-. anM)unts falllng due.. thin on8 year 20,665 73,194 Ngt ¢urrent assèts 328.349 155,594 Total N•t As$ets 1,107.568 1.0916 Parish funds Unrestri¢ted Restricted Pernianent erKII)WTnent 923,531 150,244 33,793 917,344 144,564 33,008 10 1,107,568 1,094,918 Approved by the PCC on 2025 aThl svJned on its behalf by.. Rerfd Jamès & Chair unders Emma Richardson Treasufftr The notes on pages 12 to 22 forni part of these accounis. 10
THE PARISH OF ST MARY THE VIRGIN. THE LACE MARKET, NOTnNGHAM Cash flow ¥tat•m•nt For thè yÈar endèd 31 Dec•mb•r 2023 2024 2023 Cash flows from operatlng aftlvlties Net cash (used Invprowded by t)pèralng 8GtiviUes 120.5221 146,3031 Cash flows from In¥estlng activltlas Dlvidends. interest and rentfrom investrnents Proc8ed$ from the sale of Fixed 8s$et investmènts Purchase of: Fixed assel inveslments 31,451 29.145 287,9]3 110,117 1110,6131 196,9381 N•t cash provided by Invejtlng aetiviti8s 208.741 42?24 Change In cash and ewlvalents In the rèptsrting wrlod 188,219 13.9791 Cash and cash oqulvalents al 1 January 2024 79.402 83281 Cash and cash •qulvalonts at 31 t>ecember 267.621 79.402 Reconclllatlon of net in¢omelloxwndlturel bgforo Investment gaSns Nel incornel{eKpendliurel Adjustments for (GainsWosse$ on inv6slm8nts Divid8nd$. inlerest and rent from investmgnt8 Decreasel(Incrè8sel in debtors {Decreaseylncrease In creditors 12.652 17.967 117.1871 131,4511 67.g93 152.5291 117.1291 {29,1451 178.6941 60.698 Net cash {u$¢<l inyproYld•d by op•ratlng actlvltlgs 120,5221 146.3031 Analysis of cash and cash equivalgnts Cash in hand Short temi deposits 159.394 108,227 Se271 23,131 Cash and cash equivalent¥ at 31 DÈ¢ember 2024 267.621 79.402
THE PARISH OF ST MARY THE VIRGIN, THE LACE MARKET, NOThINGHAM Nates forming part ofthe flnancjal statsments for th¥ year endod 31 D¢¢¢Nthr 2024 ACCntIng pollGI•$ The PCC constitutes a pU1C benefit entity as deffined by FRS102. The finan(aal statements have been prepwed in accordance wtkn AuntIng and RewrbThJ by Chwtie3'. Statemanl of Recomended practi ap1¢ats to Gharitss preparing their acGgunts in 3can with the Financial Reportlng Standard applicable in ihe UK and ReputAic of Ireland issued in Octob8r2019, the Financial Rewrting standa applicable In the Llnited Kingdom and Republi¢ of IrèlAnd (FRS1021. the Ch8rib88 Act 2011. th& Church Accounting (AmelMentI Regulations 2006 and UK Gonèralty Accepted Pradce. Th¢ ffinandal $tonts havè b•an w•par•d to g• a ttru• and fairf wow and have d8parted from the Charities (Accounts and Rwjrtsl Regulations 2008 thy to the extent required to pmwde a,tTr and fair view.. Thi5 departure ha8 invdv¢d following Ihe Accounting and Reportiw by Charit8s.. Statement of Rè(x)mmended Pr8CtiC6 applicable to chariti8S preparing lh8iraccounts in acc4)rdanGe 1th the FinanGial RepDrtirwJ Stsndard appliGabl¢ in the UK and Republic of Ireland Issued in October 2019 rather than the Accounting an(J Reporting by Charitre8.' Ststernent of Rec(Knrnended Practi effedve from l April 2005 which has since been withdrawn. The 8ignthc¥nt accounting polici applEd in th& preparatiC of these finanaal statements are set out below. These pollci8s have been consstenuy applied to all years pre8ented unless olherwlse Slated. The flnandal statements have been prepared on a going concem bads under Ihe historfcal cost convenuon, except for invèstment at8 which are shown at fair value. The finanaal staternents include all transactions. &ssets and liakmlilies for which the PCC 1$ ts$rK)nsLb in Lqw. Thay do not inclLKl& Iha acciyjnts of ehureh grnups that owe their main affiliation to aTh)ther Lxxly nor those that are infomi81 gathèrings of church membèrs. The tN515 corKwdgT that therp are no materfal urrtaInes aboutthe Charitys abilty to Contin as a going {¥)nM. Thefinancial statementsBre psented in sterfing which isthe functional cuwencyofthe charity and roundedtothe n88rest pound. The signifficant accx)untlr policies appSad in tha paration of thésè financlal gtat8mèntS 8r8 sat out bgkjw. Funds Endowment Fund8 we funds. the Capital of which rnusl maintained". onty income aiising frotll investment of the endowment may usèd èithÉr8s rèstrictad or unrestricted funds dependitYJ upon the purp)se for which the endowment was establish8(1. Rèstrict8dfunds represent lal income from trusts orendovmients whh may be eypgnded on those reslride(l obje¢ts provided in the tem1$ of thè trust or baquast, and Ibl donations or grants recaved for a speCffj object or inviled by the PCC for8 speclfic Oblt. Thefvnds may only be expended cfi th8 specific obi8Ct fcf whith Ih8ywerg givgn. Any balan rernainirKJ unspent atthe end of each year must be carried fward 88 8 bai8n¢é on that fund. ThB PCC doss not usually invest separately foreach fund. Unrestrl¢ted funds are generdl funds which can b8 used for PCC ordinary purpose$. Incom• Planned glvlr@. collections and datK)n8 ai¢ recognised wn received. Tax refunds Bre recogSed when the incoming resource to which thoy late is r¢GEived. Grants and legaoes are accounted for when the PCC Is legally enttued to the amounts due. Dwid8nd8 and interest are accounteij for when receivable. All otrer 1$ re¢ognised when it Is raceivable. Ml incorning rer28S arè 8cei)IMit8d for gross but nat of Valuè Add&J Tax where apIcable. Exp•ndlturn Grants 8nd donations 8ra Counted for when paid over, or when awarded ifthat award creatss a binding or conslruclive obligalon on the PCC. The diocesan parish sharè is actt)unt8d forwhan paid. Amounts r8¢elveil Sp8fical for mis$ir)n$ are deam with as reStrted funds. Al other expandSture Is generally reeognised when it is 12
THE PARISH OF ST MARY THE VIRGIN, THE LACE MARKET, NOThINGHAM Not•s fornilng part of th• fFnane5al 8tat•m•nts for th• y•ar ended 31 December 2024 (Conllnu•d) Accounting pollcl•s (Contlnued) inrr8d and18 account8d forgross. Grants offered subje¢t to CondOn$ which hav8 not been met at the year-end dale arg noted as a commltm8nt bul not accrued as expenditure. Fix4d assots Cons8crated and benefficed property is not Included in the accounts in a¢¢ordance wlth S10121 lal of the Charfles Act 2011. Movable church fijmishings held by the incumbent and Churchwardens on spg¢i4 tmst for the PCC, 8nd whlch require a faculty for dlsposal. are aIrenab1e property listed in thé ehurch's inventory can be Inspecteil lat any reasonable limel. For anything qUired lor tr) 2000 there Ss insufficient cost infomialKJn available and therefore such assets 8r@ not valued in Ihg finanual statements. Items acquired since 1 January 2000 ha en capitalised and depre(aated in th8 accounts over their currenlly anticipated u8efiJl economic livp& l expenditure Incurred in the year on consgcratsd or benefi¢ed Iwildiros. Indlvldual rtems under£1,000, oron the repair of movable chwch ffijmishings is written off. PCC fumishings and office e¢wipmenl 13 depreiiated on B Str8Stht line basis over 3-5 years a$ appropriate. Indld31 items of equipment with a purthas8 priGe of £1.000 or less are written off when the ass8t Is acquired. Invosthionts Investments are valued at falr value at 31 December each year. cury9ntlnstrnents The charity holds cash on deposit for investment purposes, whth is recorded al transa¢Uon prfce. In order to obtsin a b8tt8r Trte of retwn. thgrgby insTea&iryJ Ihwr income enablirrfJ them to meet their ¢A)j6cts. Cash at l)ank The charty holds sufficient funds in orilèr to m88t Its short tarm cash commitments as thgy fall due. Debtors and Credltors Debtors and creditors re1V¥bI& or payable thIn one yearare rewrded at transacuon price. 13
THE PARISH OF ST MARY THE VIRGIN. THE LACE MARKET. NorriNGHAM Notss fomilng part ofthe financial stat•m•nts f¢x th• y•ar •nd¢d 31 D•¢•mber 2024 (Contlnu¢d) Income endowments from: Unrestricted Re$trl¢tsd Total Unrestrlctsd Restrlrtgd Total Funds Funds 2024 Funds Funds 2023 {al Donatlons andlegacl•s Planned gtving - Gift Aid donaions - In¢(xne lax recoverabla - Other plann¢d giving Collections lop8n platÈl at 811 s8ThllC8S Donations, aFveaL8 et Lagacies GOBRA 48,008 20,332 2.095 5,346 78.282 51,001 48.008 73 20,405 2,095 5,346 78,282 51,001 45,803 21,&38 1.248 5,721 18.385 25.654 167,389 45.803 21,598 1,248 5.721 18.860 25.654 167,389 475 205,064 73 205,137 285,798 475 286.273 Ibl Income from chartt8010 8divJlias ClwJrGh1gtling8 Fees 8S,434 2,293 85,434 2,293 ,862 2.069 SYl.662 2.069 87,727 87,727 92,n1 92.731 Ic) Othertr8dlng •rtlvKllas 389 990 269 4,846 269 Fund raisirKJ 8cllvll8s 9,CK)1 9,991 5,CQO 1,379 9,CK)1 10.380 5.115 5.LN)O 10,115 {d) Inv•stm•nts Bank interest In¢ome on investments 1.574 27,289 1,574 2,588 29,877 373 26,363 449 28.696 28,863 2,588 31,451 26.736 2,409 29.145 (¢} Olhrln¢on VAT rècov&r8d Gratts SDBF S818ry ralmburs8d 32,795 75,187 20,994 35,313 32,795 75,187 20,994 35,313 1.000 14,0} 47,571 71,841 33,405 14,834 47.571 71,841 33.405 14,834 2,936 6.LXJO Organ ScholarshSp Chll¢tr•n's Choir 1,000 14,000 6,000 178,289 1,000 179,289 173,651 2,936 176.587 Total incom• and •ndowmonts 501,322 12.662 513,984 584.031 10.820 594.851 14
THE PARISH OF ST MARY THE VIRGIN, THE LACE MARKET, NOINGHAm Notes forming part of the financlal statsmonts for the year ended 31 December 2024 (Contlnuodj Expendlture on: Unrèstrictéd Rèstrlctod Total Unrestrlctfjd Restrlctsd Total Funds Funds 2024 Funds Funds 2023 {al Invosknent management costs Investment advice 3.339 3,339 3.264 3.284 3.339 3.339 3.264 3.264 Ibl Exnditm on charltable actlvltfès Mi5sonary 8FvJ ch8ritsble gNing (note 141 Parish share Sanctuary and c18rgy expenses Insurance Heal. light and water Major répairs Routine maintenaru and repairs Fundrai%ng costs Flower fijnd Salaries Music costs Organ scholarshSp Administralion o)sts Tel8phone and wfi ComputEr and IT costs Postag8 and st8tlon8ry Sundry expen8e8 Accountancy fees 2.183 62.976 3.093 19.334 28,648 202,590 18.g64 4,656 1,087 136,266 4.436 2,183 62.976 3,093 19,334 28,648 202,5 18,964 4.656 1.087 136,266 11.702 1.100 5,133 1,495 6.546 960 3,102 5,345 6.535 &o,000 2,419 19.199 24,132 287.249 17.232 4,817 1,271 129.748 5.852 6,5&5 60.0 2,419 19.199 24,132 287,249 17.232 4.817 1,271 129.748 5,148 11.000 900 7.266 1.10D 5,133 1.495 5,354 933 7,361 1.261 6,285 5.053 5,354 933 7,361 1,261 6,285 5,053 3,102 506,814 8,366 515,180 584.701 6,048 590,749 Totsl Expendlture 510,153 8,366 518,519 587.965 8,048 594,013 15
THE PARISH OF ST MARY THE VIRGIN. THE LACE MARKET. NOINGHAm Not•s fornn9 part ofth¢ Ilnandal 8tst•monts fortho yo¥ end 31 Do¢oml)or 2024 (Contlnued) Staff costs 2024 2023 Wages and salaries Social seGurity costs P8nsKJn costs 125.830 5.124 5.312 120,516 4,722 4,510 £136.266 £129.748 [jring the yearlh8 PCC ernployed 612Q23- 61 employees, non8 of whom eamed £60,000 pa or more. No lay ffmber of the PCC receive(J any reimbursement of expen8e8 or remuneration. There were no tW5tees' rwnunerntlon or other bengffts or expenses for the yè8rend8d 31 Dacember 2024 nor forthe yearetmjed 31 December 2023. The PCC parti(ipates in the Penslon Bullder Scheme Section of CWPF for lay siaff. The Scheme is administered by the Church of England Pensi5 Board, whl¢h holds the assets ofthe schemes $0parats from those of the Empknyer the olhèr participating employars. Tha Church Workers Pen&on Fund has a section known as the Oefined Ben8ffits Sch8me. a d8fèrrl annuity saction known as penon Builder Classic and a cash balGe section known as Pension Builder 2014. Ponsion Bulld•r Schm• The Pendon Bullder Scheme of the Church Workers Penslon Fund Is made up of byo sedK)ns. Pen4on Bullder Classc and Pension Builder 2014, boih of which are classed as defined benefit schemes. Pension Build8r Cl&8wc provi(ks a pen8ion for mernber3 for payment from retirgrn8nt, awumulatsd from conlributions paSd and ¢onverted into a d9ferred annulty during ernployingnt based on tern set and revlewed by the Church of England Pensions Bowd from time lotime. Di5cretv)nary incrgases rnay a150 b& added. depending on investment relums and other tsdors. Pension Builder 2014 Is a balara schemg that prove$ a lump sum that men)ers use lo provlde benefits at rétirèment Pènsion contributions are recorded in an nt for each member. This account may have tnUSeS added by the Board before r&lirÈrnènt. Thè bonusès dèpend investhièftt experience and othÈr facto ThÈré is no requirernent for the Board to grant any tthus&s. The account. plus any bonuses dèejared. is payabl6 from membèrg, Norrnal Pension A9Q. There is no sub-diviOn of a88ets betsveen emFloyers in each 9o(on of the PensiDn Builder ScheFne. The scheme is a mulb*mployer sehème as d6PLribe(l in S8etion 28 of FRS 102 as it is not po88ibb to 8ttribut& thé Pension Builder Scheme's assets liabileS lo specrfic employers. This means that conlribullons are aceounted for as rf the Scheme were a defined contribution Scheme. Th8 pgnsons costs charged lo the SOFA in th8 year are Contribution8 payablg of £5.31212023: £4,510). A valuation ofthe Pension Buikjer Scheme is carried out once every three years. The most recent was Carried out as at 31 Oètsmbèr 2022. For the Penslon BuSlder Classic s8Ction, the valuation reveabd a surplus of £34.8m on th8 ongoing asSumpnS used. At the most reGenl annual revrew. the Board chose not to an1 a discretionary nus, whh will have acted to improve th8 ftJndin9 [sl0n. There Is no requirement for additional payments at the current time. Foi the Pension Bullder 2014 section, the valualion revealed a surplus of £8.5m on the ongoing assL#nPtions used. The legal structure of the scheme 1$ Suth that if another m0Y8rfaIIs, The PCC could become Tesponsble for paying a share of that employerfs pension li&)iltties. 16
THE PARISH OF ST MARY THE VIRGIN. THE LACE MARKET, NOTnNGHAM Note8 forming part ofthe financlal Btatements for th• year ended 310ecemhr 2024 (Continuedj Inv•stments Hlstorl¢ Cost Falr value 2024 2023 General Fund T B8ll&y Itwestrnents 180.131 9,252.149 M&G Charifund units 142.131 136,229 132.767 8rewin Dolphin 514,188 552,248 537.852 656,319 688,477 850,7 EOTent Fund st Mary Chancel Fund 61 Central Board of Flnance 1nvgs1nÉ Fund unlis 1,410 1,379 St Catharfne Memorial Fund 1.044.49 Cenlral Board of Finance Investsnenl Fund uni18 13.563 24,151 23,611 st Mary Fabri¢ Fd 56.2 Central Board of Finance Investsment Fund units 555 1,301 1,270 St Mary Fabric FLmd 4.214.18 C8ntral Board of Finance Inve8tmenl Fund unlts 4.401 6.284 6,100 18.918 33,146 32,380 17
THE PARISH OF ST MARY THE VIRGIN, THE LACE MARKET. NOINGHAm Not•$ fMnlng part oflh• flnanGlal $tst¢ments for the year end•d 31 D•¢•mb•r 2024 (Conllnufyd) Investments {¢ontinued) Hlst<KSc Cost Falr valu• 2024 2023 Réstricted Fund Sl Mary Canon WIMI¢ 9,234.943 Centr81 Board of Finance Investsment Fund share8 14.977 13.770 13,367 Sl Canon White 1,817.37 Central Board of Finance Investment Fund units 22,465 42.022 41,082 St Mary Curates 78 Central Board of FinarKe Invèslmènt Fund units 492 1,763 37,934 57,596 56,212 713,171 779219 939,322 2024 2023 At valuation 1 January 2024 A(Iditions Disposals Ravaluation 939.322 110,613 1287,0371 16,321 935,372 96,938 1110.S431 17,555 F81r valua Bt 31 December 2Q24 779219 939,322 Cost at 31 Oecember 2024 713.171 845.YJ7 18
THE PARISH OF ST MARY THE VIRGIN. THE LACE MARKET, NOTfiNGHAM Notos fomilng part alth• IlnanGlal statements for the year •nded 31 D8mbar 2024 (Contlnued) Anal13 Of n•t assots by lund - 2024 Unrestrictèd Restrlcted Endowmgnt Funds Funds Funds Total Fix8d ass8ts 688,477 57,596 33,146 779.219 Current assets 255.719 647 349,014 Currènt Ilatxlthes {20,865 (20.665 Fund balance 923,$31 150,244 33,793 1,107,568 Analy818 of net assets by fund- 2023 unStrICt•d Rèstrlctsd Endowmgnt Funds Fund Funds Totsl Fixed a&sets 850,750 56.212 32.360 939.322 Current assets 139.788 88,2 228,788 Current liabilities 173.1941 (73.1941 Fund balance 917.344 144.564 33,008 1,094,916 Debto 2024 2023 Income tax recover8knle 0.918 59,610 Other debtors 20,475 89,776 81.393 149.386 Inv•$tm¢nts- $hort tomi doposlts Cash held for investment 108,227 23,131 Llabllltlos: amounts falling due withln one year Accruals 5.464 5,441 Other GrlItorS 15,201 67.753 20,665 73,194 19
THE PARISH OF ST MARY THE VIRGIN, THE LACE MARKET, NOThINGHAM Notes fomiing prt tsl th• flnanclal stat•m•nis for th• y•ar •nd•d 31 D•c•mbw 2024 (Conrtnu•d) 10 Fund detslls The restricted fund compiisgs: 8alan¢• at 31 DÈC 2023 Ineamè Oalnsl Outgoings Ilo$$e$l Tr$f¢rs 8alanrA at 31 De¢ 2024 Endowment St Mary Chancel Fund St Catharine Memorial Fund St Mary Fabric FLmd St Mary Chdthys 1,379 23,611 7.371 31 540 214 1,410 24,151 7,585 647 Rostt7Ct8d st Mary Canon Whlte St Mary Curates st Mary Underfir Heattn9 St Catharine Memorfal Hall Fund St Mary Chancel Fund St Mary Fabric Ftmd St Mary ChdrtK>ys l Music Fund St Mary Organ Scholarship 62,009 2,855 64,614 1,289 1,399 1,136 8,286 2,976 1,486 107 1,344 64,839 3,(Y)2 64,614 655 113 193 9,108 1.000 1,512 1,329 10,128 2.876 7,266 1.100 177,572 12,662 8,366 2,169 184,037 St Mary Ch8nc81 Fund- to keep the chancel wnd and weather proof St Cotharine Memorial Fund- church hall repairs St Mary Fabric Fd - fabric and maintenarKe st Mary Chrtr)Ys- ethoir fijnding St Mary Canon White- religious purposes St Mary Curat8s- income MU11ed forcurdtes st Mary Undethoor Heating- maIntenae and repair of undethoor healing and rerrf)vation of lighting St Mary Or9an Scholarsh- gan ScharshIP St Mary Muslc Fund- rnUc The unrestbKtsd fvnd wnprises.. Balance at 31 Dec 2023 Incom• Galnsl Outgolngs Ilossey) TMsf•r8 Balance at 310•c 2024 General South Transept Wall (Bels) Chlldran's Cholr Directorof Musi Ln9 Project Passion Play Porth and Servery Workplac8 W8dn8sday tk¢ofations Groww Disciples 902.347 13,025 2,154 360.852 36,243 14,000 1,000 67,079 361.762 40,334 16.154 15.018 119,1871 18,9341 897268 12,0401 2,208 1211 13291 68,639 30,000 12,2081 26,400 20,113 20,752 16601 329 40 1.995 40 483 1,512 917,344 501,322 510.153 15,018 923,531 20
THE PARISH OF ST MARY THE VIRGIN. THE LACE MARKEf, NOThINGHAM Notss forming part of the flnanclal ststsments for th• y•ar •nd•d 31 December 2024 (Continuwfj Fund RecanrAliatlon At 1.1.2024 Galnsl (losses) At 31.12.2024 Income Outgolngs Unr8stri¢ted Funds Restricted Funds Endowment Funds 917.344 144,564 33,008 501.322 12,662 151D,1531 18,366} 15,018 1,384 785 923.531 150,244 33.793 1,094,916 513,984 1518.5191 17,187 1,107,568 At 1.1.2023 Gain61 Ilossesl At 31.12.2023 Income Outgglng$ Unrestricted Funds Rgslricted Fuw¥Js Endowment Funds 911.121 135,401 30,427 584,031 10,820 1587,965) {6.048) 10,157 4,391 2,581 917,344 144,564 33,008 1,076.949 S94,1 1594,013 17,129 1,094,916 11 Conngcted charftles st MarY3 Restorauon & Dev8loFxnent Fund have obledves related to th0 of th? PCC. grants from th8s8 funds ara induded in these accounts. In 2024 £8,00012023- £8.078lwas received from St MaS Restoration & Devdoprft8nt Fund. Th8 Friends ofst Ma5 support a varfety of proigcts and in 2024 mad& a very generous donation of£30,0 toward It upgradlng of the lighting in the building. 12 Loas Total fLrture mlnimum lease p8ym8nts undèr non-canc8llable operating leases afy as follows: 2024 2023 wrthin one y&ar Ben one and five yea 156 585 429 £585 £741 13 IndenOnI Ex*rnln•rn' F¢ Fees payablè in r8sped ofr Independgnt eXIn#b(MI Payroll Other 2,226 405 2,412 2.100 374 2,579 21
THE PARISH OF ST MARY THE VIRGIN, THE LACE MARKET, NOThINGHAM Not08 formlng part of the fin¥ndal $tat¢ffnts for y¢ar ¢nd¢d 31 oK¢mr 2024 {Continu¢d) 14 Mi86i0nary and charttable glvlng Unrestrlctsd funds RostrIGted lunds Totsl 2024 Totsl 2023 Church overseas Mls&onary Sodetles Friends of Kagan¢ Hospit81 500 Justice Defenders 500 Oth8r charltles Royal British LegKTrn Footprints 500 Forces In The Comrnunity Lctal chant8 YMCA 376 376 S8fa Famlllès Children 500 Jèricho Road ProjeLt 500 Lutheran Church 339 339 Ernmanual House 423 423 Open Homes jo Meadow8 Food Bank 500 SSAFA Norton Hous8 332 332 500 ttingham Arimathea Tnjst Iformety Host Nottinghaml 500 t*J¢kling$ 649 Base 51 713 713 2,183 2.183 4,629 2,183 2,183 6,535 22
INDEPENDENT EXAMINER'S REPORT T THE PAROCHIAL CHURCH COUNCIL THE ECCLESIASTICAL PARISH OF ST MARY TH VIRGIN THE LACE MARKET NOTTINGHAM THE TRUSTEESOF I report to the ¢harity trustees on my examinatson ofthe accounts of Ihe charfty forthe yearende(131 December 2024. %•thi¢h ar& 891 out on pe$ 9 to 22. Re5pon¥lbllltkn awKI ba¥lg of report As thè charity's trustèès you are responsible for th8 preparation of the Bccounts in acLordance wlth the requirements ofthe char6S Act 20111.the Act'l. I rèport in resp8Ct of my examination of the charity's (oUnts ¢arried out Lmder se¢lion 145 of the Act and in carryl out my examination I have followèd 811 tha applicable Directions given by the Charity CoMmisOn under secdon 145(5Xbl of the Act. Since the charity's gr0$8 in¢om& exceadgd £250,000 your exarniner musl be a momber of a b¢xly listèd In s8clion 145 of the Ad. I confim that l am qualnled to undertake the examination becaLtse l am a rnember of The Association of Chartered Cgrtified Accoyntsnts. Indep•ndgnt oxarnlngrf¥ $tatement I have completed my examinafjon. I confimi thBt no material matters have come lo my attention in coM8ction wilh th8 examinauon giving me cause to believe that In any material respe¢t= accounting reGords Were not kept in resped ofthe charity 85 r8quired by $8ction 130 of the Act; or the accounts do not accord with those records; or the accounts do not comply wlth th8 applicable requirements conceming the fomi and content of awLmls sel out in the Charitiès (Atthunts snd R•portsl R8g¢Jlatlons 2008 other th8n any requlrement that th8 accounts glve a and falr which is not a matter considered as part of ar) independent èxamlnabon. I have no Co8m$ and have come across olher rnatters in connécti wSth the examination to which attention should drawn In thls raport in order to enable a prop8r understanding of the accounts to be reached. Karen Mealand FCCA Lemans 29 Arbrern Street Nottinghxm NGI 4JA 2025 23