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2023-12-31-accounts

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: admin@stpeterineastgate.org.uk
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)

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)

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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Page 12 of 21

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

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.

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.

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
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
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

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

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