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 e￿Ied 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. NO￿INGHAm
Alm and purposè
The Parochial Church COU￿11 IPCCI of th8 parish of ST MARY THE VIRGIN. THE LACE MARKET.
No￿INGHAm 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". Se￿n9 to be..
A eommunty of welcome and ac￿PIar$ce for all..
A church where God is èncountèréd through worship ofthe hlgh9s1 qualty:
A church which serves the many difftirenl communities oftha City of ￿t￿r(JhaM through relatlonshlp.
Convèrsation and service,.
A church wh&re people ¢an question. explore. and grow Sn fath.
Flnanclal Statements
The PCC pr898nt thair Annual Report and Ihe Flnanclal Statements for the year ended 31 December 2024. The
twstses have adopted the provisions cl Ihg Statement of Recornmended Pradce ISORPI 'A￿ounting and
Rep(vtin9 by CharfUes' preparing the anmal report and llnanoal slatsm8nts.
The financial stalements havè been prepared in ￿lI￿anCe with tho 8ccoun1ing poli¢les set out in the notes to the
accounts and comply wilh th¢ Charfty's govemlng documen¢ the Charities Act2011 andAccouniing and Repcwling
by Charibes.. Statemènt of Recommended Practice appliCa￿e lo charitie$ preparing thèir aecounts in acex)rdancè
with the Finan￿al Reporting Stsndard 8PtAKable in the UK and R6public of Ireland publislwd In cktol￿r 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 env￿0￿$.
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=
R￿ular pU￿le worship that is open to all.
The provlskn ofsacred space for personal prdyer and cont8mplati¢)n.
Pastor81 worf( including VI￿ling the sick bere8vwJ.
Teaching of Chrfjstianity throtyJh semions. courses, and srnall groups.
Promtstion of Christi8nlty through the staging of events and meeting&
Promoting Ihe w1￿￿e church through engagement in aCtiV￿eS 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 mee￿n9 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 s￿h 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 b￿4{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 r￿ular meeliros IFebwary. April. May. Juty. and October) and
special mgellng to dI￿U85 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 w￿deMan￿
Ma
Jewers
De8nery Synod Representatives
Kevin H8ncox
KÈwn Hancox
Glaeomo (jar￿8} Persico
RichaTd Gutteridge
Ra¢f*l Flsken
Giacomo
James
Persi
Diocesan S nod Re
sent8tN8
Lay Memb8rs ofthe PCC
P8tÉr Ba￿8￿
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 RiGha￿SOn
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 bU￿nesS of Ihe PCC belween its meeings, subjectto the ￿1￿ctIOn 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 A￿Stant 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. sUpp￿￿d by our Cw8t8, Rav'd s￿t( and Sianding
Committee.
ACHIEVEMENTS AND PERFORMANCE
Spoeial not•..
During 2024, the PCC held meetiros in onlinÈ. in-pèrÈtsn and hybrid fomats. Church bus￿858 ¢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 eft￿Y
to maintaining the day-to-day running ofth¢ d)urcl). Th¢ PCC ol SL Mary'$ ￿9$h to thank 81 Ilw¢ involvod ftythtyr
efftvts duriny *Jis exlend¢d perfod ￿vacancY and k)okforward to wothng vAh Rerfd DrJames Saunders as Mcar
golng forward.
Th• PCC also wsh to thank the contslbvllons of Lucy Haigh IChldren'8 Cholr Dlrectorl. John Keys (Director of
Music), Duncan Purves Iverggrl and NKkTurn¢rlOp¢rations DirKtorlfgrth¢iiassistsnG¢ in wtnpl¢knngthis report.
Objective6 and ActlvltS98
Tho primary objective of the PCC is the promouon of the Gospel ofOwLord Jesus Christaccordlng to the doctri￿8
and practices ofthe Church of England.
The PCC is committed to enabling a8 rnany people as tJos8ible lo w)rship and to b￿)Me part of the p8ri8h
comM￿lty. The PCC maintains an overview of worship and tnakes su99Eslions how Chu￿h %rviGes Gan
invo￿6 as many people as possible from both within and outsvje oflhe pari8h. Th8 8erw88 and worship put fr￿th
into pracdce through prayer and scripturè. music, and sacr8mÈnt.
Ihhen plannlng a¢￿¥1￿95 for the yoar. the PCC and Vicar ¢c￿S￿jer the Charlty Commlsslon's guidan￿ on publl
b8nèfil and thè specific guidance on charities for the advancement of relig￿n. The PCC and Vicar ty to enable
ordinary people to live out their fxrfh as part of thè paiish comrnunity thro￿Jh'.
Worship and prayer learrnng about thè Gosp81', and davdoplng Ihglr faith In Jesu8.
Pastoral carg of the parish ¢ommuniiy.
Mission and outreath work.
Our prirnary focu$forwor8hip mmains Sunday seNlcos and festfvals. BuSldSrKJ on the successes ol prgvlous years,
wè havè continued with a blended approach to SerVi￿-1￿86 fomal, family-orienlaled services forfestivals su
as Harvest and Chri&irole, along$idÈ pra￿r book liturgy for othér important Christian fastiV8ls le.g., Advènt,
Epiphany, Tiinty, elc.). This has worked wel with a Common Worship ICWI Sung Eucharist aNI a B(KJk of
Common PwayErlBCPI Chora Evens(￿g as the usual Sunday pattem, with BCP Evensong also on Wethesdays.
Thursday lunchtim8 services of Holy Cownrnunion were restsrted mid-way through the year, and regular Moming
Pray&r$tsrtÈd aftèrthèappointmènt of R￿'d Saunders. &Jnday worship continu8d to bo broadcast onlin8 forthosa
unable to make il into th8 church buildw￿. In *￿d￿j0n 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. ChIld￿n,$
Choir ￿reCtOr our adult and children's C￿￿rS. St Mory's has a chcir scho1￿h1p 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 Servi￿5, 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, Ind￿lIng 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 Outr￿Ch efforts
through the'&ng Nottin￿aMI, programrne, engaging nearfy l.oc￿ children across multiple $ehools.
The church has a fine peal of bells which, following extensivè f•pair work to our Soulh Tmsept, continu• to be
used by St. Mary's and v￿ltIng belIrin￿r$.
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 t￿1r 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 bu1￿1ng$.
Key projecls undertaken durin9 Ihe ygar inclu¢Jed extensive work on thtr church tower. suth as Ihe repair of ono of
the towèr pinnades wdth? strengthening And PInn￿g of allthe pinnades with coppeistrappin9. S¥Jnrficanl repairs
We￿ also carr￿d out on the Tower and B811s, ￿VeragIng bell rnaintenance training days to cornplets additional
work. Thè chur¢h'$ 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 recoMMendat￿n5.
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$ion continu85 to be a priority of the PCC. The PCC eontinuas to b8 eng￿￿ with the Church DI Englands
Strategic Development Fund ISDFI 2nd wOr￿d wrth the diocese duriro the year in de￿loping the fvndiTrJ
proposrtion. In 2024, SDF hjnding supported thework of Ihe OFerations Dir•ctN, ￿lfurther hiring of paid stsftw8s
paused whi151 in intènwnum.
Th• PCC continues lo be committed to developing ministy throLyh art. rnLkSie, liturgy, and commuThty events. Sl
Mary's has one of Nottingham's finest indoor 8pa¢g5 forwor5hip, cOn￿rts, events, exhib￿On5, and •ducation. St
Mary's partiwated Noltingham City C(yJnci15°Lighl Night" festival. The PCC also gn5ur8s that the churchyard is
open for wblic iecreation, wh￿h is tsken up by tha local communty. From a civic per8pects'vè, th• Church
hosted thè High Shen'ffs annual Legal servi￿ a8well as 8 s•Nc• lor RemembrarKg SurKlay with the Nottingham
sdIc￿)I CCF and other assort8d cadet squadrons.
Thg PCC financKalty 5UP[N)￿ 8 number of c<gani￿tKInS wrthin the cty of Nottingham. The orgonisaliu)s
supw)rt811 wère ErThnanuef Housg. YMCA Robs"n hood Group. Thè Luthèran Church, Nottingham Ref￿e? Forum.
Ba6e 51 and SSAFA, a tharity suppoibng families of injured service petsonn81.
Fundrnlslng Activiti•8
Raising funds for the work of Ihe chuich is a priority of thè PCC as the rnaintenancèlrefurt)ishment of the church
bU1￿1ng$ and contributions lo th• diocesan quots$ continu¢ to b8 drawing heawly on the financial re50uie•s of the
parish. Th• PCC finanaalty 8uppots $8veral cty-centre b85ed organisations that work wth marg#iall￿1 peopb.
Invoslrnent Poli¢y
The PCC inveth •ny moni8sconsKJered by the Trea$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$ted. The indir8cl investrllents are h•ld by Ihe Dioce88 of Southwell
and Nottingham on behalf of the PCC 8Th1 ar• inv•st•d prinupally wrfh the Central Board ol Financ8 in the
Investment Fund or Fixed Inte￿61 securit￿$. Th8direct inveslrnent5 in govemmnt stoth8 and equilias are actively
Ma￿￿ed 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 wh￿h 8xce8ds th8 8xpect8d balarKe,
Risk Managernont
PCC m&mbÈrs 8cknOW￿dgtr thair ultimate responsibilty for the eflective management of risk. The risks relate t
mattw5 affectlng the parish including ccffipliance with h•alth and safety, dI￿bilIty. 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 erIsu￿S proper e8t8blishrn8nt and eès•rvance of policies
and prOC￿lureS 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 proC￿ureS lor recruilrnent, Induct￿￿. and
tr8inin9 of PCC m8mb•ts, Pa￿ staff ¥o￿nber$.

THE PARISH OF ST MARY THE VIRGIN, THE LACE MARKEf. NOThINGHAM
Statem•nt of th• PCC memhrs T￿pOn¥1b11ld0I rqgardlng fin8nclal matter8
PCC members are reSpc￿51)le for preparing the Tru8toe8' Annual Report and Flnancial Staloments In ￿ance
with applicable law and unl1￿1 KiNJdom Accountlng standards (Unlted Kingthjm Generally Accepted Accountir
Pracli¢el.
Thè18w 8ppli¢able to charrtlas In England and Wales require8 PCC Me￿l￿r3 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
p￿pare the financial slalements on the going concem ba￿S 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 t￿1.322 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 i￿ome of £31.451 during 2024 comparèd with £29.145 in 2023.
Ex￿ndItUre 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 ma￿s., thls prO1￿t is ongoing.
Expenditure on salaries increased from £129,748 In 2023 to £136,266 in 2￿24. 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 imp￿rnent a new cOmmun￿bOn 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 t￿1, orjoining Sl Marls to onsure thoy th¢ir place in thelrfo oftho
chu￿h.
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 8￿CesS￿l Hedtage Lottery Fund bid that •nsures the church's Ftysical fa￿lC 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,E*2
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
Balar￿8 brought foTh¥ard at
1 January 21Y24
917.344
144,564
33,008
1.094.916
1,076,949
Balances Carrf￿ foNnrd at
31 Decorn￿r 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
1.0￿916
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
ACC￿ntIng pollGI•$
The PCC constitutes a pU￿1C benefit entity as deffined by FRS102.
The finan(aal statements have been prepwed in accordance wtkn A￿untIng and RewrbThJ by Chwtie3'. Statemanl of
Recomended practi￿ ap￿1¢ats￿ to Gharitss preparing their acGgunts in 3￿c￿￿an* 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 (Ame￿lMentI
Regulations 2006 and UK Gonèralty Accepted Pradce.
Th¢ ffinandal $￿t￿onts havè b•an w•par•d to g￿• a ttru• and fairf wow and have d8parted from the Charities (Accounts
and Rwjrtsl Regulations 2008 thy to the extent required to pmwde a,tTr￿ and fair view.. Thi5 departure ha8 invdv¢d
following Ihe Accounting and Reportiw by Charit*8s.. Statement of Rè(x)mmended Pr8CtiC6 applicable to chariti8S
preparing lh8iraccounts in acc4)rdanGe ￿1th the FinanGial RepDrtirwJ Stsndard appliGabl¢ in the UK and Republic of Ireland
Issued in October 2019 rather than the Accounting an(J Reporting by Charitre8.' Ststernent of Rec(Knrnended Practi
effedve from l April 2005 which has since been withdrawn.
The 8ignthc¥nt accounting polici￿ applEd in th& preparatiC￿ of these finanaal statements are set out below. These
pollci8s have been consstenuy applied to all years pre8ented unless olherwlse Slated.
The flnandal statements have been prepared on a going concem bads under Ihe historfcal cost convenuon, except for
invèstment a￿t8 which are shown at fair value. The finanaal staternents include all transactions. &ssets and liakmlilies
for which the PCC 1$ ts$rK)nsLb￿ in Lqw. Thay do not inclLKl& Iha acciyjnts of ehureh grnups that owe their main affiliation
to aTh)ther Lxxly nor those that are infomi81 gathèrings of church membèrs.
The tN51￿5 corKwdgT that therp are no materfal ur￿rtaIn￿es aboutthe Charitys abilty to Contin￿ as a going {¥)n￿M.
Thefinancial statementsBre p￿sented in sterfing which isthe functional cuwencyofthe charity and roundedtothe n88rest
pound.
The signifficant accx)untlr￿ policies appSad in tha ￿paration of thésè financlal gtat8mèntS 8r8 sat out bgkjw.
Funds
Endowment Fund8 we funds. the Capital of which rnusl maintained". onty income aiising frotll investment of the
endowment may ￿ usèd èithÉr8s rèstrictad or unrestricted funds dependitYJ upon the purp)se for which the endowment
was establish8(1.
Rèstrict8dfunds represent lal income from trusts orendovmients wh￿h may be eypgnded on those reslride(l obje¢ts
provided in the tem1$ of thè trust or baquast, and Ibl donations or grants recaved for a speCffj￿ object or inviled by the
PCC for8 speclfic Obl￿t. 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$.
Incom•
Planned glvlr@. collections and d￿atK)n8 ai¢ recognised w￿n received. Tax refunds Bre recog￿Sed when the incoming
resource to which thoy ￿late is r¢GEived. Grants and legaoes are accounted for when the PCC Is legally enttued to the
amounts due. Dwid8nd8 and interest are accounteij for when receivable. All otrer 1$ re¢ognised when it Is
raceivable. Ml incorning re￿r28S arè 8cei)IMit8d for gross but nat of Valuè Add&J Tax where ap￿Icable.
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 Sp8￿fical￿ for mis$ir)n$
are deam with as reStr￿ted 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)
in￿rr8d and18 account8d forgross.
Grants offered subje¢t to Cond￿On$ 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. Ind￿ld￿31
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.
cury9ntln￿strnents
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 re￿1V¥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, NO￿INGHAm
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 Ex￿ndit￿m 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. NO￿INGHAm
Not•s forn￿n9 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 ff*mber
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 Pensi￿5 Board, whl¢h holds the assets ofthe schemes $0parats￿ from those of the Empknyer
the olhèr participating employars.
Tha Church Workers Pen&on Fund has a section known as the Oefined Ben8ffits Sch8me. a d8fèrr*l annuity saction
known as pen￿on Builder Classic and a cash bal￿Ge section known as Pension Builder 2014.
Ponsion Bulld•r Schm•
The Pendon Bullder Scheme of the Church Workers Penslon Fund Is made up of byo sedK)ns. Pen4on Bullder Classc
and Pension Builder 2014, boih of which are classed as defined benefit schemes.
Pension Build8r Cl&8wc provi(ks a pen8ion for mernber3 for payment from retirgrn8nt, awumulatsd from conlributions
paSd and ¢onverted into a d9ferred annulty during ernployingnt based on tern￿ set and revlewed by the Church of
England Pensions Bowd from time lotime. Di5cretv)nary incrgases rnay a150 b& added. depending on investment relums
and other tsdors.
Pension Builder 2014 Is a balar￿a schemg that prov￿e$ 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 t￿nUSeS 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-divi￿On 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 liabil￿eS 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 asSump￿nS used.
At the most reGenl annual revrew. the Board chose not to ￿an1 a discretionary ￿nus, wh￿h will have acted to improve
th8 ftJndin9 [￿s￿l0n. 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 ￿m￿0Y8rfaIIs, 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
E￿O￿T￿ent Fund
st Mary Chancel Fund
61 Central Board of Flnance 1nvgs1￿￿nÉ
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¢ F￿d
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. NO￿INGHAm
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 D8￿mbar 2024 (Contlnued)
Anal￿13 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,$31
150,244
33,793
1,107,568
Analy818 of net assets by fund- 2023
un￿StrICt•d Rèstrlctsd Endowmgnt
Funds
Fund
Funds
Totsl
Fixed a&sets
850,750
56.212
32.360
939.322
Current assets
139.788
88,￿2
228,788
Current liabilities
173.1941
(73.1941
Fund balance
917.344
144.564
33,008
1,094,916
Debto
2024
2023
Income tax recover8knle
0.918
59,610
Other debtors
20,475
89,776
81.393
149.386
Inv•$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 Gr￿lItorS
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 Underfi￿r 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 F￿d - fabric and maintenarKe
st Mary Ch￿rtr￿)Ys- ethoir fijnding
St Mary Canon White- religious purposes
St Mary Curat8s- income ￿MU￿11ed forcurdtes
st Mary Undethoor Heating- maIntena￿e and repair of undethoor healing and rerrf)vation of lighting
St Mary Or9an Scholarsh*- ￿gan Sch￿arshIP
St Mary Muslc Fund- rnU￿c
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
L￿￿n9 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 Ma￿S Restoration & Devdoprft8nt
Fund. Th8 Friends ofst Ma￿5 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
Be￿￿￿n one and five yea
156
585
429
£585
£741
13
Inde￿n￿OnI Ex*rnln•rn' F¢
Fees payablè in r8sped ofr
Independgnt eX￿In#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 $tat¢ff*nts for y¢ar ¢nd¢d 31 oK¢m￿r 2024 {Continu¢d)
14
Mi86i0nary and charttable glvlng
Unrestrlctsd
funds
RostrIGted
lunds
Totsl
2024
Totsl
2023
Church overseas
Mls&onary Sodetles
Friends of Kagan¢* Hospit81
500
Justice Defenders
500
Oth8r charltles
Royal British LegKTrn
Footprints
500
Forces In The Comrnunity
Lctal chant￿8
YMCA
376
376
S8fa Famlllès Children
500
Jèricho Road ProjeLt
500
Lutheran Church
339
339
Ernmanual House
423
423
Open Homes
jo
Meadow8 Food Bank
500
SSAFA Norton Hous8
332
332
500
ttingham Arimathea Tnjst Iformety Host
Nottinghaml
500
t*J¢kling$
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 p￿e$ 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 char￿6S 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 CoMmis￿On 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 $8ction 130 of the Act; or
the accounts do not accord with those records; or
the accounts do not comply wlth th8 applicable requirements conceming the fomi and content of awLmls sel out in the
Charitiès (Atthunts snd R•portsl R8g¢Jlatlons 2008 other th8n any requlrement that th8 accounts glve a and falr
which is not a matter considered as part of ar) independent èxamlnabon.
I have no Co￿8m$ 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 Arb￿re￿rn Street
Nottinghxm
NGI 4JA
2025
23