2023-12-31-accounts

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Reference Information	Reference Information
The Parochial Church Council of the Ecclesiastical Parish of St Peter in Eastgate with St Margaret is a charity
registered with the Charity Commission for England and Wales. Charity registration number: 1132605. The
parish is part of the Diocese of Lincoln.
St Peter's church is located on Eastgate, Lincoln, and its official correspondence address is:
St Peter in Eastgate Church, Eastgate, Lincoln, LN2 4AA. Email: [e-mail]
	Telephone Number: 01522 546226.
For the period 1 January 2023	to 25 March 2024 the following people served as members of the Joint Council
(JC)1 and in other Church offices.
Church offices	Joint Council Members
Priest in Charge	Revd. Richard Steel (until September 2023)
Readers	Chris Higham
	Ian Hyde
Churchwardens	Ardva Boyes-Brewer (until May 2023)
	Mike Bull (elected June 2023)
	Chris Higham (until March 2023)
	Kevin Mann (elected May 2023)
	Geoff Stratford
Elected Deanery Synod	Ardva Boyes-Brewer (until May 2023)
Representatives	Geoff Stratford
	Graham Wiggett (until May 2023)
	Pauline Wiggett (from July 2023)
Elected Joint Council	Jayne Besley
Member	Steven Brewer (until May 2023)
	John Dagnan
	Denise Eardley
	Jason Hippisley
	Rick Lund (until May 2023)
	Lesley Mann (until May 2023)
	Gloria Ojo (until May 2023)
	Sarah Rose (until May 2023)
	Paul Tesha
	Cate Waby
	Graham Wiggett
	Roy Woodford
Joint Council Secretary	Lesley Mann (until May 2023)
JC Minute Secretary	Chris Higham (from May 2023)
Treasurer	Graham Wiggett
Electoral Roll Officers	Carlton - Geoff Stratford
	Eastgate - Graham Wiggett (until May 2023)
	Roy Woodford (from May 2023)

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2	local partners -	The Joy Foundation (teaching about Jesus in local schools)
		St Peter in Eastgate School;
2	national partners -	Christian Unions at Lincoln and BG Universities.
		Christians Against Poverty (CAP);
2	international partners -	Mission Aviation Fellowship (MAF UK)
		AnglicanInternational Development (AID)

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2023 Annual Report for Joint Council: Eastgate and Carlton (Charity No. 1132605)

Statement of Financial Activities (SOFA)

For the period from 01 January 2023 to 31 December 2023

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Unrestricted Designated Restricted Endowment Total Prior year
funds funds funds funds funds total funds
Notes
Income and endowments from:
Donations and legacies 129,442 58,298 7,363 — 195,102 123,395
Income from charitable activities 2,789 — — — 2,789 1,114
Other trading activities 1,546 1,170 1,381 — 4,096 3,370
Investments 5,504 — 35,965 — 41,469 9,814
Other income 18 — — — 18 1,443
Total income 1 139,298 59,468 44,708 — 243,474 139,136
Expenditure on:
Raising funds 11 513 1,091 — 1,615 425
Expenditure on charitable activities 99,662 56,676 1,725 — 158,063 110,732
Other expenditure 160 530 — — 689 602
Total expenditure 2 99,832 57,719 2,816 — 160,367 111,760
Gains / losses on investment assets 3 1,797 — — — 1,797 -3,170
Net income / (expenditure) before transfers 41,264 1,749 41,892 — 84,904 24,206
Transfers
Gross transfers between funds - in 308 24,049 280 — 24,637 60,447
Gross transfers between funds - out -21,079 -3,278 -280 — -24,637 -60,447
Total Transfers 4 -20,771 20,771 0 — 0 0
Net movement in funds 20,493 22,519 41,892 — 84,904 24,206
Reconciliation of funds
Total funds brought forward 149,225 67,900 787,621 — 1,004,746 980,540
Total funds carried forward 169,718 90,420 829,513 — 1,089,650 1,004,746
Represented by 13
Unrestricted
General fund 169,718 — — — 169,718 149,225
Designated
Boiler replacement — 3,000 — — 3,000 3,000
Events — 85 — — 85 —
IT replacement — 803 — — 803 2,000
Legacy - RB — 50,000 — — 50,000 —
Mission Partnerships — 27,608 — — 27,608 21,679
Organ and works — 2,683 — — 2,683 1,000
Quinquennial — 5,411 — — 5,411 36,971
Trading — 42.03 — — 42 —
Vicar's discretionary — 788 — — 788 3,250
Restricted
Events — — 289 — 289 —
FiSH Project — — 3,246 — 3,246 3,246
Legacy - Carlton — — 819,727 — 819,727 783,763
Organ and works — — — — — 250
Quinquennial — — 6,250 — 6,250 —
Vicar's discretionary — — — — 362
Total funds carried forward 169,718 90,420 829,513 — 1,089,650 1,004,746
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			As at	As at
Notes			31/12/2023	31/12/2022
Fixed assets
	3201:BlackRock Bond Fund		8,159	8,027
	3202:BlackRock Equity Fund		31,875	30,210
	Total Fixed assets		40,034	38,237
Current assets
	3101:HSBCCurrent (xxxx5525)		16,340	24,618
	3102:HSBCDeposit (xxxx2849)		79,772	97,921
	3103:HSBCDeposit (xxxx8900)		78,884	5,386
	3104:HSBCDeposit (xxxx5162)		13,204	14,432
	3105:CCLACBFCofEdep. acct.		822,362	786,280
	3106:CCLACOIFCharities dep. acct.		33,852	32,372
	3141:Cashin hand		4,763	—
	Z05:Accounts Receivable		354	677
	Z051:Gift Aid &GASDSReceivable		1,178	6,301
	Z053:Accounts Receivable(LDTBF)		—	144
	Z054:Gifts Receivable		114	2,056
	Z055:Prepayments & Income Accruals		8,046	723
	Total Current assets		1,058,868	970,909
Liabilities
9	6699:Agency collections		100	244
10	Z04:Accounts Payable		6,125	4,156
11	Z041:Accruals		27	—
	Z042:Refundabledeposit
12	Z043:Grants returnable		3,000	—
		Total Liabilities	9,252	4,400
	Net Asset surplus (deficit)		1,089,650	1,004,746
Reserves
	Excess/ (deficit) to date		83,107	747,990
	Z01:Starting balances		1,004,746	259,926
	Z02:Other gains/(losses)		1,797	-3,170
		Total Reserves	1,089,650	1,004,746
Approved by the Joint Council on ,
		Represented by Funds
25March 2024	3 ^ W - H aca*5
		Unrestricted	169,718	149224.52
and signed on its behalf by KevinMann		Designated	90,420	67900.35
(Joint Council Vice Chair)		Restricted	829,513	787621.31
		Endowment	—
	Total		1,089,650	1,004,746

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ncoming Resources
Recognition of	These are included in the Statement of Financial Activities (SOFA) when:
incoming resources	1. The JC becomes legally entitled to the benefit of use of the resources;
	2. and inflow of economic benefit is probable;
	3. the monetary value can be measured with sufficient reliability.
Fundraising costs	Funds raised from events and trading activities (e.g. a fete, a garden party or
	sale of books and magazines) are reported gross in the SOFA - i.e. before the
	deduction of any costs from the gross proceeds.
Grants and	Grants and donations are included in the SOFA when any preconditions
donations	preventing their use by the JC have been met. For collections and planned
	giving this is when the funds are received.
Gift Aid Tax claims	Gift Aid and other tax claims are included in the SOFA at the same time as the
etc. on cash	cash donations to which they relate.
donations
Gifts in kind	Gifts in kind are accounted for at a reasonable estimate of their fair value at the
	time of gift, if feasible, or else at the amount actually realised from their
	disposal.
	Gifts in kind for sale to fund the JC are included in the accounts at their
	estimated fair value at the date of gift, if feasible, or else recognised when sold
	by the charity.
	Gifts in kind for the JC's own use are included in the SOFA as incoming
	resources at their fair value when receivable, and expensed as and when
	consumed in use. Gifts of fixed assets, if material, are included in the balance
	sheet at their fair value and expensed over the asset's useful economic life..
Donated services	These are included in income (and at the same time in resources expended) at
and facilities	the estimated fair value to the JC of the service or facility received.
Volunteer help	The value of any voluntary help received is not included in the accounts but is
	described in the Trustees' Annual Report.
Rental income	Rental income from the letting of the church is recognised when the rental is
	due.
Investment income	This is included in the accounts when receivable.
Investment gains	This includes any gain or loss on the sale of investments and any gain or loss
and losses	resulting from revaluing investments to market value at the end of the year.

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Liability recognition	Liabilities are recognised as soon as there is a legal or constructive obligation
	and settlement is probably and quantifiable.
Governance costs	Include costs of the preparation and examination of statutory accounts, the
	costs of trustee meetings and costs of any legal advice to trustees on
	governance or constitutional matters.
Grants payable	These are recognised in the accounts when a commitment has been made
without	externally and there are no preconditions still to be met for entitlement to the
performance	grant that remain within the control of the JC.
conditions
Support costs (if	Support costs include central functions and have been allocated to activity cost
allocated across	categories on a basis consistent with the use of resources.
more than one
heading)
Assets
Tangible fixed assets	These are not capitalised and depreciated in the accounts but written off
for use by charity	completely in the year of acquisition. While the assets may have an ongoing
	value to the JC they are likely to have little realisable or economic value to the
	JC in future periods. This policy has been adopted to better reflect the actual
	usage of funds each year and the amount of liquid funds available to the PCC at
	the end of each accounting period.
Investments	Investments quoted on a recognised stock exchange or whose value derives
	from them are valued at market value at the year end. Other investment assets
	are included in the accounts at the trustees' best estimate of market value.
Trading stocks	These are valued at the lower of cost (or gift value) or year end fair value.
Short-term deposits	Include cash held on deposit either with CCLA Church of England Funds or at
	the bank.
Funds
Unrestricted funds	These represent the remaining income funds of the JC that are available for
	spending on the general purposes of the JC, including amounts designated by
	the JC for fixed assets for its own use or for spending on a future project and
	that are therefore not included in its 'free reserves' as detailed below.
Designated funds	These are unrestricted funds that have been 'set aside', by the JC, for specific
	purposes, but which may be 'un-designated' by a subsequent decision of the JC.
Restricted funds	These are income funds that must be spent on restricted purposes and details
	of the funds held and restrictions provided are shown in the notes to the
	accounts.
Endowment funds	These are restricted funds that must be retained as trust capital either
	permanently or subject to a discretionary power to spend capital as income,
	and where the use of any income or other benefit derived from the capital may
	be restricted or unrestricted. Full details of all their restrictions are shown in
	the notes to the accounts.

ther
Reserves	The JC has adopted a reserves policy to maintain a minimum balance of free
	reserves equating to three months of expenditure.
VAT	The JC is not registered for VAT.

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						Total
	Unrestricted	Designated	Restricted	Endowment	2023	2022
Note 1 - Total Income
Donations and legacies
Planned giving	92,126	—	—	—	92,126	87,705
Collections at services	3,500	—	—	—	3,500	5,366
SumUp - contactless	1,301	—	—	—	1,301	80
Other donations	2,084	—	5,850	—	7,934	1,359
Gift Aid and GASDS	30,004	—	1,463	—	31,467	18,332
Legacies received		50,000	—	—	50,000	5,000
Grants received	428	8,298	50	—	8,776	5,552
Donations and legacies Totals	129,442	58,298	7,363	—	195,103	123,395
Income from charitable activities
Statutory fees - marriages	2,393	—	—	—	2,393	392
Statutory fees - funerals	396	—	—	—	396	722
Income from charitable activities	2,789	_			2,789	1,114
Totals
Other trading activities
Church lettings	1,546	—	—	—	1,546	3,370
Trading activities	—	572	—	—	572	—
Events income		598	1,381	—	1,979	—
Other trading activities Totals	1,546	1,170	1,381	—	4,097	3,370
Investments
Interest	4,436	—	35,965	—	40,401	8,774
Dividends	1,068	—	—	—	1,068	1,039
Investments Totals	5,504	—	35,965	—	41,469	9,813
Other income
Misc. income	18	—	—	—	18	1,443
Other income Totals	18		—	—	18	1,443
Income Grand totals	139,298	59,468	44,708	—	243,474	139,136

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						Total
	Unrestricted	Designated	Restricted	Endowment	2023	2022
Note 2 - Total expenditure
Raising funds
Stewardship costs	11	—	—	—	11	425
Events expenditure	—	513	1,091	—	1604	—
Raising funds Totals	11	513	1,091	—	1,615	425
Expenditure on charitable activities
Mission giving	—	5,215	—	—	5,215	6,303
Vicar's discretionary fund	—	89	1,425	—	1,514	138
Covenant Pledge	68,250	—	—	—	68,250	65,000
Salaries and payroll expsenses	1858	—	—	—	1,858	4,313
Clergy expenses	1,057	—	—	—	1,057	1,284
Mission & evangelism expenses	135	—	—	—	135	600
Insurance	4,396	—	—	—	4,396	5,071
Copyright (CCLI & RSCM)	957	—	—	—	957	1,154
Building repairs & maintenance	1,284	—	—	—	1,284	4,945
Equipment repairs & maintenance	3,768	—	—	—	3,768	—
Grounds maintenance	975	—	—	—	975	579
Cleaning	2,257	—	—	—	2,257	1,487
Organ repairs & maintenance	211	317	300	—	828	—
Audio visual	174	—	—	—	174	205
Telelphone & broadband	1,143	—	—	—	1,143	1,472
Stationery	83	—	—	—	83	117
Photocopier	191	—	—	—	191	3,152
Refreshments & sundries	717		—	—	717	1,269
OfficeIT	845	1.197	—	—	2,042	1,269
General ministry expenses	1,006	—	—	—	1,006	626
Student ministry	30	—	—	—	30	—
Children's ministry	150	—	—	—	150	194
Youth/SPY ministry	20	—	—	—	20	490
Family hour/plus	57	—	—	—	57	—
Bank Charges	130	—	—	—	130	28
Office expenses	24	—	—	—	24	29
Publicity expenses	22	—	—	—	22	141
Health & Safety	414	—	—	—	414	12
Professional Fees	70	—	—	—	70	—
Electricity	3,454	—	—	—	3,454	2,732
Gas	5,708	—	—	—	5,708	6,277
Water	135	—	—	—	135	61
Books	143	—	—	—	143	95
Major repairs & maintenance	—	49,858	—	—	49,858	1,692
Expenditure on charitable activities	99,662	56,676	1,725		158,063	110,732
Totals
Other expenditure
Costs of trading	—	530	—	—	530	—
Misc. expenditure	160	—	—	—	160	602
Other expenditure Totals	160	530	—	—	689	602
Expenditure Grand Totals	99,833	57,719	2,816	—	160,367	111,760

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						Total
	Unrestricted	Designated	Restricted	Endowment	2023		2022
Note 3 - Gains / losses on investment assets
Other Gains I losses
Black Rock investments	1,797				1,797
Other Gains / losses Totals	1,797				1,797		(3,170)
Note 4 - Fund Transfers
General to Mission Partnerships	(7,893)	7,893
General to Organ and Works	(2,000)	2,000
General to Quinquennial	(10,000)	10,000
General to Vicar's Discretionary	(877)	877
Vicar's Disc, to Mission Partnerships		(3250)
Vicar's Disc, to Mission Partnerships		3,250
Fund Transfers Totals	(20,770)	20,770	—
Note 5 - Accounts Receivable
Black Rock Dec. dividends & interest	354				354
Acounts Receivable Totals	354				354		677
Note 6 - GA & GASDS Receivable
Gift Aid Receivable	978		50		1,028
GASDS Receivable	150				150
GA & GASDS Receivable Totals	1,128		50		1,178		6,301
Note 7 - Gifts Receivable
SumUp (Contactless)	114				114
Acounts Receivable Totals	114				114		2,056
Note 8 - Prepayments and Income Accruals
LPWGS anticipated VAT refunds			8,046		8,046
Prepay, and Inc. Accruals Totals			8,046		8,046		723

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						Total
	Unrestricted	Designated	Restricted	Endowment	2023		2022
Note 9 - Agency Collections
Children's Society			(95)		(95)
LDTBF (marriage fees)			229		229
MAF			(112)		(112)
Prison Chaplains			(48)		(48)
Royal British Legion			(19)		(19)
St Barnabas			(55)		(55)
Agency Collections Totals			(100)		(100)		(245)
Note 10 - Accounts Payable
Aistrup & Hind Ltd (organ)		(288)			(288)
ABS Ltd (radiant heating)	(2626)				(2626)
Cathedral (paper supplies)	(24)				(24)
HSBC bank charges (Dec)	(6)				(6)
Concordant (ChurchBuilder)	(45)				(45)
LDTBF (funeral fees)	(75)				(75)
SSE (elec - Dec)	(244)				(244)
SSE (gas - Nov & Dec)	(1698)				(1698)
SumUp charges (Dec)	(2)				(2)
Tear Fund (table top sale)		(486)			(486)
Trinitas (church insurance)	(439)				(439)
Volunteer expenses	(192)				(192)
Accounts Payable Totals	(5,351)	(774)			(6,125)		(4154)
Note 11 - Accruals
Wave (Anglian Water)	(27)				(27)
Accruals Totals	(27)				(27)
Note 12 - Grants Returnable
Benefact Trust (Organ)			(3,000)	—	(3,000)
Grants Returnable Totals			(3,000)		(3,000)

2023 Annual Report for Joint Council: Eastgate and Carlton (Charity No. 1132605)

Notes to the Financial Statements Selected period: 01 January 2023 to 31 December 2023

Note 13 - Outline of Fund Movements

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Fund Fund Type Fund Balances Incoming Outgoing Transfers Gains and Journal Fund balances
brought forward Resources Resources Losses Enties Carried forward
Boiler replacement Designated 3,000 0 0 0 3,000
Events Designated 0 598 513 0 0 85
Events Restricted 0 1,381 1,091 0 0 289
FiSH Project Restricted 3,246 0 0 0 0 3,246
IT replacement Designated 2,000 0 1,197 0 0 803
Legacy - Carlton Restricted 783,763 35,965 0 0 0 819,727
Legacy - RB Designated 0 50,000 0 0 0 50,000
Mission Partnerships Designated 21,679 0 5,215 11,143 0 27,608
Organ and works Designated 1,000 0 317 2,000 0 2,683
Organ and works Restricted 250 50 300 0 0 0
Quinquennial Designated 36,971 8,298 49,858 10,000 0 5,411
Quinquennial Restricted 0 6,250 0 0 0 6,250
Trading Designated 0 572 530 0 0 42
Vicar's discretionary Designated 3,250 0 89 -2,373 0 788
Vicar's discretionary Restricted 362 1,063 1,425 0 0 0
General Unrestricted 149,225 139,298 99,832 -20,771 1,797 0 169,718
Totals 1,004,746 243,474 160,367 0 1,797 0 1,089,650
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Page 20 of 21

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ABS	Arnold Building Services	Note 10
CBF	CBF Church of England Deposit Fund (CCLA)	Balance Sheet
CCLA	Churches, Charities and Local Authorities	Balance Sheet
CCLI	Christian Copyright LicensingInternational Ltd	Note 9
CofE	Church or England	Balance Sheet
COIF	COIF Charities Deposit Fund (CCLA)	Balance Sheet
DEC.	December	Note 5
DISC.	Discretionary	Note 3
FiSH	Food in School Holidays	SOFA
GASDS	Gift Aid Small Donations Scheme	Balance Sheet
		Notes 1 and 6
HSBC	Hongkong and Shanghai Banking Corporation Limited	Balance Sheet
IT	Information Technology	SOFA
		Note 2
JC	Joint Council	Policies
LDTBF	Lincoln Diocese Trust and Board of Finance Ltd	Balance Sheet
		Note 7
LPWGS	Listed Places of Worship Grant Scheme	Note 8
MAF	Mission Aviation Fellowship	Note 10
MISC.	Miscellaneous	Notes 1,2
SORP	Statement of Recommended Practice	Policies
SSE	SSE Energy Supply Ltd (formerly Scottish and Southern Energy)	Note 9
VAT	Value Added Tax	Policies