|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** **----- Start of picture text -----**
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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_**There may be minor discrepancies in the totals if the pence are not being shown**_ 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** **----- Start of picture text -----**
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
**----- End of picture text -----**
_**There may be minor discrepancies in the totals if the pence are not being shown**_ 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|