PAROCHIAL CHURCH COUNCIL OF ST. GEORGE'S. STAMFORD REGISTERED CHARITY No 1135616 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
PAROCHIAL CHURCH COUNCIL OF ST. GEORGE'S. STAMFORD CONTENTS Pag¢ General inforniation Annual report Statement of the responsibilities of the members of the Parochial Church Council (PCC) io Independent exarniner's report Statement of financial activities 12 Balance sheet 13 Notes to the financial statements 14-23
PAROCHIAL CHURCH COUNCIL OF ST. GEORGE'S. STAMFORD GENERAL INFORMATION Charity name: The Parochial Church Council of Ihe Ecclesiastical Parish of si George and St Paul, Slamford Charitable status: The Parochial Church Council is a charity registered with the Charity Commission, registration numb 1135616. The Parochial Church Council is a body cotporate for the advancement of religion created by statute (namely the PCC (Powers) Measure 1956). The measure provides for land and personal property held on pennanent tnlS to be vested in the diocesan authority and the accounts of all trusts administered by the Parochial Churth Council to be laid before the diocesan authority annually. Principal addre55.' St. Gwrge's Squar4 Stamfort Lincolnshire. Principal contact: MTS Becky Goff St. George's Church Hub 27-29 St George's Street, Stamford. Lin¢s. PE9 2BJ Telephone nurnber: 01780481800 E-mail: office@stgeorgeschurch.net Website: www.stgeorgeschurch.ncl Bankers: CAF Bank Ltd, 25 Kings Hill Av¢nu4 W¢st Malling. Kent ME19 4JQ Independent examiner: Grdeme Mitchell
PAROCHIAL CHURCH COUNCIL OF ST. GEORGE'S. STAMFORD ANNUAL REPORT OF THE PCC YEAR ENDED 31 DECEMBER2023 Administrative information St. George's Church, Stamford is situated in St Gwr8¢'s Squar¢. Stamford. It is part of Th¢ Diocese of Lincoln within The Church of England. Membership Members of the PCC are either ex officio or elected by the Amiual Parochial Church Mccting (APCM) in accordance wilh the Church Representation Rules. PCC members who have served from l January 2023 until the date this report was approved are: Incumbent: The Reverend Canon Martyn Taylor (Chairnian) Asso¢iat¢ R¢ctor: Th¢ R¢v¢rcnd Ben Topham Curat¢: Th¢ R¢v¢r¢nd Andy Acheson (until July 2023) Wardens.. Mr Jaishan Mahan (until October 2023) Mr Gordon McKechnie (from October 2023) Mrs Kolch R¢cs Representatives: Mr Carl Fender- General Synod Mr Stefan Rakowski . Diocan Synod Mrs R¢b¢cca Goff - Diocesan Synod Mrs Caroline Avnit- Deanery Sync¥J (from April 2023) Mr Philip Dale- Deanery Synod Mrs Sarah Nottidge Deanery Synod (until April 2023) Dr Dan P¢trie Dcan¢Xy Synod (from April 2023) Elected Members: Mr Philip Chand Mr Ed Danicls (until April 2023) Mrs Julia Fox Mr Simon M Johnson- Treasurer Mrs Pamela Lee- PCC Secretary & Asst. Treasurer Mr Rick Lee Mr lan Mace {unlil April 2023) Mr Keith Roberts Mrs Joanna Turnham (from April 2023) Mr Matt Wild (until September 2023) Mr5 Carole Woodcock (from April 2023)
PAROCHIAL CHURCH COUNCIL OF ST. GEORGE'S. STAMFORD ANNUAL REPORT OF THE PCC (CONTINUED) YEAR ENDED 31 DECEMBER 2023 Comniittees The PCC operates through a number of committees. which meet between full meetings of the PCC: Sianding Commillee This is the only committee required by law. It has Wer to transact the busin¢ss of ihe PCC bctwcen its meetings, subject to any directions given by the Council. HR Copnmillee This group oversees all staffinB appointments. tern)s and C1ndItIOns. and the management of staff. Global Impaci Group This group attends to matters relating to ministry of the local Church io the community and the world, such as th¢ support of missionari¢s and mission socielie4 sponsoring young people during gap year mission placements, etc. Buildirtgs Committee This group oversees the stewardship of the Church building, St. George's Church Place (I Cheyne Lane and two flats, l a and I b). St. G¢org¢'s Church Hub (27-29 St Glrge'S Street) and a property in Bentley Street that are owned by St George's Church Trust and ertSUr that repairs are dealt with as and when necessary. Structiire% governance and nwiagement Th¢ m¢thod of appoinlm¢nt of PCC members is set out in th¢ Church Represtation Rules. All Church attendees ar¢ encouraged to register on the Electoral Roll and stand for election to the PCC. The full PCC met eleven times during the year. Committees have tnet betw¢¢n meeting5 ar itcms from these we included in the PCC diUssIOnS whcre neSSary. ObJe¢tlves and a¢tivlties St. George's PCC has the responsibility of cOperating with the incumbent, the Reverend Martyn Taylor, in promoting in the ecclesiastical parish and surrounding areas the whole mission of the Church, pastoral, evangelistic, social and ecumeni¢a]. It also has maintenance resFK)nsibilities for St. George's Church Place, St. George's Church Hub and St. G)rge,$ Church. Chur¢h Attendanee Historically the church has held at lea51 three siCeS each Sunday, two in the morning and one in the evening. A fourth service (BCP Holy Communion) was also held at 8am on two Sundays each month. We have also started a more infornial service immediately following the Friday Connect session which has w)wn steadily. There were 363 {2022'.361) members on the electordl roll in 2023.
PAROCHIAL CHURCH COUNCIL OF ST. GEORGE'S, STAMFORD ANNUAL REPORT OF THE PCC (CONTINUED) YEAR ENDED 31 DECEMBER2O23 Finydncial review The annual accounts include both unrestricted funds (available for use by the PCC to meet the costs of running St George's, and also known as the General Fund) and restricted funds (where the donor has specified a use for the funds, such as to supw)rt CAP or a particular mi&sion partner). Note that all figures are shown to the nearest £ whereas underlying data are to exact pennies, so that some totsls may not appear to add up due to rounding. 2023 saw a rise in giving as many got behind our Enw Help Scheme and severnl members of the congregation gave generous one-off amounts to be used for the Fresh Hope outreach work as well &s for the running Costs of the church. This offset the reduction in r¢gular giving that we had expeded when sending out church members to Spalding and Grantham. Whilst we estimate that this could be up to £40,000 per year of income, we are praying that they will bc rcplaccd by n¢w and existing givcrs filling th¢ gap. ID¢ome ExpeDdilure Year to Decernber £ 2023 2022 2023 2022 General Fund Reslricted.. Gift Day ProSe¢ts CAP Fresh Hope Mi5S10JJ Other 559,445 498,576 609266 485.678 63 53,155 40.491 I CM).980 38,199 3.232 28,6(Xl 29,048 16.273 3.229 44.726 69.869 3.655 30.879 41,775 44,813 60.307 25,289 10.539 TOTAL 745060 622203 761,625 668,402 Total underlying spending in the year also increased - to £760,(K)O compared to £668,(K)O in 2022 as we spent around £70,(KM) on th¢ Chancel roof and didn't get the grants we had hoped for. This is refl1¢d in the G¢neral Fund. The work of SHEP has bcen ¢nhan¢d by the pur¢has¢ of a new van - almost the ¢ntir¢ capital cosl of which was covered by grants and gifts from local organisations and charities that clearly appreciate the work done there. We also saw an increase in pp]e in poverty and wc saw a risc in the help wc wer¢ able to give. Our Mission spending (outside of our Global Impact Group) looks to have fallen significantly, however in 2022 we gave one-off gifts of £20,000 to famine relief in the KarnoJa Tegion in Uganda where we have mission links. This resulted in a deficit (anticipated in part) of around £15,000 leaving us with around £143,000 in the bank spread acros5 all of our ministry areas. Taking into account our assets (rnostly computers, AV equipment and the new SHEP van) the closing balance of total funds is around £170,(K)O. Looking forward in 2024. the national living wage will rise 9.81J/o in April, and we have budgeted for a deficit of up to £40,(M)O to continue the work of St George's at the current and hopefully enhanced level.
PAROCHIAL CHURCH COUNCIL OF ST. GEORGE'S. STAMFORD ANNUAL REPORT OFTHE PCC (CONTINUED) YEAR ENDED 31 DECEMBER 2023 Reserves Policy It remains the policy of the PCC to maintain liquid unr¢slricted funds, which are the free r¢serv¢s of the PCC (net of fixed assets). at the expected nllming costs for one month for the three main ongoing fiinds (General, CAP and Fresh Hope). Perforn]ance was &$ follows: General CAP Fresh Hope Combined 2023 Monthly 5peDd Balance al 31.12.2022 Balance At 31.12.2023 50.573 SKI,503 48075 3.727 19.543 28,950 6.855 1.809 19,667 61.155 111,855 97.492 As can be seen above, our liquid unrestricted funds were around £97,0 - or around 1.6 months. worth of spending. At the General Fund this looks to have dipped slightly under our one-month policy - but rexall that 2023 was an 'expensivc' year. Our foreG4St monthly spending in 2024 is around £45,000. Risk Policy Risk assessments have been made for all activities which are part of the WO of the Church in th¢ parish. Our child and vulnerable adult safeguarding licieS remain in place. A Health and Safety risk assessment was also carried out during the year and remla1 actions are being taken where necessary. Rector's report We are a church with Jesus at the centre. where the bible is our guide. and where people matter. This year has been a SilfiCaTrt year in the life of St George's Church. and we have seen for ourselves the mighty hand of God at work in and through each of our ministry ar¢as. W¢ continue to encount¢r God through vibrant worship. faithful preaching. reaching out to others and sharing fellowship together. We believe thai Jesus Christ is Lord, and we are tremendously thankful for all that Jesus h&8 accomplished for us in his life dcath and r¢surr¢ction. W¢ hav¢ had a significant y¢ar in our ¢burch Services. W¢ hav¢ s¢¢n post Covid grow back over 2023 with more regular attendance patterns being established and new people attending wotship. We continue to have a strong youth and children's ministry at our 9.15 S¢Tvi¢e, and a small but growing youth and children's ministry al I lam. Our preaching team hav¢ continued io faithfully preach God's Word, in season and out of season. Our worship and media team has ¢xpand¢d with the recNilment of Jcss Hackctt. Our worship leaders have led us into the presence of God, and our AV team have broadcast our services by YouTube to those who are unable to attend. This has also brought new people to church. It wa5 a joy to see I I baptism5 on Easter Sunday. Ih On July 9 we Commissioned and sent out the St Anne's revitalisation team to Grdntharn in a moving service. We were joined by some members from Si. Anne's as we prayed for Andy Acheson and the revitalization team of about 40 people. They started in September, and we are all so thankful io God for the growth and new life that has come as a result of the revitalisation. They now have about l 00 people meeting weekly across the inherited trdditional service and new contemtM)rdry service with children's ministry.
PAROCHIAL CHURCH COUNCIL OF ST. CEORCE?S. STAMFORD ANNUAL REPORT OF THE PCC (COIYTINUED) YEAR ENDED 31 DECEMBER 2023 We have continued to assist St. John'$ Spalding in th¢ir revilalisalion. including releasing Richard Knowles from our team as he was ordained to begin ministry in Spalding as a curate. As a result of these church plants, and the pre-exisling relationship we had with Li£ and lan Ward at Holy Trinity in Boston, we have continued to meet as a Mission Lin¢$ Network of likeminded mission focused evangelical churches in South Lincolnshire. Another significant change for our church has been the creation of the Raising Generation's Tea overseeing our children's, youth and young adult's rninistry. This is a large investment lo see ministry to th¢s¢ agc groups growin& and to be able to resource youth and young adult's ministry across the Mission Lincs Network and beyond. We are delighted to have recruit Matt Wild to oversee this ministry, flanked by Jo¢ Randall-carrick who has joined our team as children's wotker. None of this would be possible without the dedicated team of youth and children's volunteers who enable this incredible ministry to happen. After waving farewell to 40 people moving to revitalise St Anne's Grantham. we had a Season of Invitation, to encourage a culture of iThvitation at the church. We ran 30 invitational events and saw hundreds of new pcople coming along to a wide variety of events. We are excited to see how God uses this in our Alpha course, which is due to start in January 2024, aftcr successful Alpha courses this year. Our Fresh Hope ministry is exFandin& and over 2023 we have commissioned work into a scoping exercise and viability study into a Community of Hope which will now launch in 2024 following the recruitment of iwo staff members in 2024. CAP has continued to help people go debt free in 2023 with a numb¢r giving their lives to Christ. CAP Sunday was a wonderful celebration of this important ministry. We know that prayer is centrdl to all we do. Pray¢r Central has continu¢d to be our most important meeting of the month, with over 100 gathering. We have also enjoyed two 2417 prayer r)mS in the year. Our Small group minlstry has gone through some changes as Richard left the team having restructureA the small groups into SEED 0UpS. You can read more about that in the Small Group report. We have aboul 80Vo of the church farnily in 39 small groups. The New Leydf book ministry has gathered momentum. getting hundreds of gd Chrislian books into the hands of church members to read. and organising a succwfijl used book swap in the summer. Around l 00 of us attended New Wine Unit¢d 2023. with our young people camping togdher and attending Luminosity. Both Martyn and B¢n spent som¢ tim¢ in Uganda as w¢ said goodbye to a longstanding mission partner and deepened our relationship with Tearfund through whom we will continue our partnership with the Karamoja in Uganda. We remain so thankful to our congregation, God's ppIc. who have supported the church over this year. Each of us giv¢ of oursclvcs lo the work of the Lord at St George's, through our time spent serving in ministry role5 across the church, through our money given to fund the work of God, and through our prayers, interceding for the Church, and seeing the kingdom coming in our time.
PAROCHIAL CHURCH COUNCIL OF ST. GEORGE'S. STAMFORD ANNUAL REPORT OF THE PCC (CONTINUED) YEAR ENDED31 DECEMBER 2023 Our weekly ministry is equippal and sustained by a vLst arniy of humble, highly capable and devoted servants of Christ who give of themselves in a loving way. Thank yow congr¢gation. We extend our thanks to our PCC who have made kingdom mind. gospel hearted decisions in our desire to reach many with the Good N¢ws of J¢sus. The PCC hav¢ brought good govemance, challenge and spiritual direction to the church. alongside the various sub committeas (HR, Buildings and Global Impact Group). W¢ particularly want to ihank our chur¢hwarden$ for th¢ir stralegic, pastoral and Prayerfvl ministry over 2023. Jaish Mahan stood down as churchwarden this year, we are tmendOUSlY grdtefijl for Jaish's ministry over the years he has served in this role. Gordon McKechnic joined Koleh Ree5 in late summer as Churchwarden. We extend our thanks grate1 thanks to Helen Leech for the imp)rtant and significant role she has played in safeguardin& alongside our operations manager Clare Arthey, ensuring we keep all God's people safe al Church. Helen will be stepping down from this role in 2024, and we are pleased that Liz Fell has agr¢¢d to tak¢ on ihis role, wilh Helen and Liz overlapping for some months to ensure a smooth handover. We that God for our wonderful staff team. Last May we were privileged to go on an overnight staff r¢tr¢at to Northampion for vision castin& training, and an extend time of prayer, worship and fellowship tO8eiher. We have had a huge amount of thaThge in our staff tearn in 2023, with six staff members moving on to n¢w roles and ministries. We are thankful to Emma Marriolt and Naomi Lloyd for completing their yGqr as intems. We are thankful to God for Andy Acheson's rninistry amongst w and are excited still io have regular conta¢t with hiln in Grantham. Our children and families, WOTker Liz Power and Hub worker Sarah MaTriolt also left this year to join the Grantham church revitalisation. We are grdteful for all Liz and Sarah undertook in their time on the team. Likewise, we are grateful for Richard Knowles. ministry over nw]y years and look forward to ongoing contacl through St John's in Spaldin& We are particularly that&ful to God for his fan¢111 provision over 2023. We have seen our regular giving increase, as well as significant one-off gifts for projects in the lif¢ of the church. Thanks io Clarc Arthey and the buildings committee for successfully stewarding the major project on the chancel rf. We thank God for our finance team who steward our finances so diligently, we have b¢en so bl¢ss¢d that our finances havc remained in good shape throughout 2023. "Now (o him who is able lo do immeasurably more than all we ask or imagine. according io his power ihat is al work within $. to him be glory in the church and in Chr1 ihroughout allgeneraliony, for ever and everl Amen." (Eph 3.20-21) Reverend Canon Martyn Taylor R¢clor April 2024
STATEMENT OF RESPONSIBILfTIES OF THE PCC Charity law requires the members of the PCC to prqiare financial stalements for each financial year which give a true and fair view of the Charity's financial transactions during the Charity year and of th¢ disposilion of the Charity'5 assets and liabilities at the end of that year. In pr¢paring those financial stalements, the members of the PCC are required to: select suitable accounting policies and th apply them consistently" mak¢ judg¢ments and ¢stimat¢s that are reasonable and prudent" iii. stat¢ wh¢th¢r th¢ financial slatemcnts have been prepar&1 in accordance with the guidelines set out in the Charities Statement of Recommended Practice (FRS102), subject to any material departures disclosed and explained in the financial stateTn¢nts. The members of the PCC are responsible for keeping proper accounting records which enable th¢m to pr¢par¢ financial statcmcnls which comply with the Charities Act 2011. They are also responsible for safeguarding the assets of ihe Charity and hence for taking reasonable steps for the prevention and detection of frdud and other irregularilics. io
INDEPENDENT EXAMINER'S REPORT TO THE PCC OF ST GEORGEgS. STAMFORD I report on the account5 for the year end 3151 December 2023 which are set out on pages 12 to 23, Respective responsibilitie5 of the PCC and Independent Examiner The PCC consider that an audit is not required for this year under section 14412) of the Charities Act 2011 {the 201 l Act) and that an independent examination is needed. It is my res)nsIbIlitY to: Examine the accounts under s¢ction 145 of ihe 2011 Act. Follow the procedures laid down in the General Directions given by the Charity Commissioners under section 145(5){b) of the 2011 Act. and Stat¢ wh¢th¢r particular matters have come to my attenlion Ba$ls of Independent Examiner's Statement My examination was carried out in accordance with thc General Dircctions given by the Charity Commission. An examination includes a review of the accounting records kept by the PCC and a comparison of the accounts presented with those records. It also include5 consideration of any unusual items or disclosures in the accounts and sc¢king explanations from the PCC conceming any such matters. The procedures undertaken do not provide all the evidence that would be rquired in a full a1]L and consequently I do not express an audit opinion on th¢ accounts. Independent Examiner's Statement In connection with my examinalion, no matter has come to my attention: (l ) which gives me reasonable Cause lo believe that in any material respect the requirements lo ke¢p accounting records in accordance with section 130 of the 2011 Act" or Io Preparc acwunis which accord with these accounting records have not been met" or {2) to which, in my opinion, attention should be drawn in otder to enable a proper understanding of th¢ accounts to be reached. Graeme Mitchell ACMA
PAROCHIAL CHURCH COUNCIL OF ST. GEORGE'S. STAMFORD STATEMENT OF FINAIYCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 Funds Activity £ Note Restrlrted Total Funds General Gift Days Other 2023 2022 INCOMING RESOURCES Voluntary income Church activities Other incoming resoUeS 522,241 5.384 31.820 559,445 166,084 688.326 593,411 2,536 7,920 15,545 17,794 49.614 13,247 186,415 745.860 622,203 2b. TOTAL INCOMING RESOURCES RESOURCES EXPENDED Church activities 609,266 3.229 149.129 761,625 668,402 NET UNDERLYING INCOMING RESOURCES 49J21 -3329 37.285 -15,765 46,199 BALANCFS BROUGifT FORWAIU) 107.974 33.963 45.773 187,710 233.909 BALANCFS CARRIED FORWARD 58,153 30,734 83,059 171,945 187,710 Thc notes on pages 13 to 22 forni part of these accounts. 12
PAROCHIAL CHURCH COUNCIL OF ST. GEORGE'S, STAMFORD BALANCE SHEET AS AT 31 DECEMBER 2023 31st Deetmber 2023 Noie 2023 2022 FIXED ASSETS Tangible fixed assds l (d).8 32.118 22.920 CURRENT ASSETS Debtors Cash ai bank 5515 142.854 148,370 8,962 159.642 168.605 CREDITORS.. Amounts falling due within one year io 8.542 6.649 NET CURRENT ASSETS 139.827 161.956 NET ASSETS 171.945 184.876 Unrestricted Funds Restricted Funds 58.153 113,793 105,935 78,941 184,876 11.12 Approved by the Parochial Church Council on 8 April 2024 and signed on its behalf by: Rev. Canon Martyn Taylor (Rector) Simon M (Treasur) The notes on pag&8 14 to 23 forni part of th&se accounts. 13
PAROCHIAL CHURCH COUNCIL OF ST. GEORGE>& STAMFORD NOTES TO THE FINAIYCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES The financial statements have been Prepar in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the Charities Statement of R¢comm¢nd¢d Practicc applicable to charities preparing their accounts in 3rdanc¢ with the Financial R¢porting Standard 102 (SORP FRS102). The financial statements have been prq)ar¢d und¢r th¢ historical Cost conv¢nlion. The financial statements include all transactions, assels and liabililies for which the PCC is responsible in law. They do not includ¢ th¢ accounts of church groups thal owe th¢ir main atTiliation to another body or those that are infornial gatherings of church members. l(a) Funds General funds represent the fiAnds of the PCC that are not subject to any restrictions regarding their use and are availabl¢ for application on the general puw of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted. Funds designated for a particular purpose by a donor are restsicted. l(b) Incoming resources Voluntary ineome Collections are recognised when received by or on behalf of the PCC. All giving is recognised when given to the Church. Income tax recoverable on money received by the Church which is eligible under the Gift Aid Scheme is recognised when the income to which it relates is recognised. Grants and legacies to the PCC are accounted for as as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipi by the PCC is reasonably certain. Funds raised by a fete, garden party and similar events are accounted for gross. Ineome from investments Interest is accounted for when crediicd to th¢ bank account. 14
PAROCHIAL CHURCH COUNCIL OF ST. GEORGE*S, STAMFORD NOTES TO THE FINANCIAL STATEMEIYTS (coNfJNUED) YEAR ENDED 31 DECEMBER 2023 l(c) Resources expended Church aetlvltles Grants and donations are accounted for when paid over. or when awarded. if that award crcatcs a binding obligation on the PCC. The diocesan parish share is accounted for when paid. Th¢ PCC have no legal obligation to pay the amount requested by the Diocese. l(d) Fixed Assets Consecrated property and movable Church furnishings Consecrated and benefi¢ed property of any kind is excluded from the accounts in accordance with section 10(2Xa) and (C) of the Charities Acl 2011. No value is placed on movable church fvrnishings held by the churchwardens on special tnt for the PCC and which require a facility for disposal since the PCC considers ihis to be inalienable property. All expenditure incurred during the year on consecrated or benefice buildings and movable church furnishings, whether maint¢nan¢c or improvcmenL is writtcn off as cxpcndilure in the slatement of fjnancial activities and separately disclosed. O¢her rtUreS, fittings and oifice equipment Depreciation is provided at the following annual rates to write off each asset used within the Church, George's Place and the St Gr8e'S Church Hub, less estimated residual value, over its estimated useful life. Propety improvements Computer equipment Other equipment and fittings 40A on cost 330/0 on cost 21P/• on cost In years prior to 2003 all fixtures, fittings and quipment used by the church were written off &$ the amounls involved were considered not material. l(e) Pensions The PCC operates a defined contribution pension scheme. Contributions payable for the year are charged in the statement of financial activities. 15
PAROCHIAL CHURCH COUNCIL OF ST. GEORCE'S, STAMFORD NOTES TO THE FINANCIAL STATEMENTS (coNfiNUED) YEAR ENDED 31 DECEMBER 2023 2. INCOMING RESOURCES General Regtricled Total Funds Gift D*ys Other 2023 2022 24. Voluntary income Regular donations Sundry donations Collections Gift Aid rxovrnl Grants 333.226 74.053 17,770 86.535 10.656 522241 31239 62,171 1,537 19.481 51.656 16A084 364.465 348,173 136224 87.663 19,307 15,563 106,016 95,082 62.313 46,931 688J26 593,411 2b. Income from church aetivities 5.384 5.384 1.456 1.081 7,920 7.054 7.368 1,124 IS545 Events Bookld sales 1.456 1,081 2¢. Other iDeomiDg resources 31,820 17.794 49.614 13.247 TOTAL INCOMING RESOURCES 559.445 186.415 74560 622,203 Note that Grants comprise rnonry received from Trnsts. charities or statutory bodies. Gift Aid recovered is from HMRC, whereas other voluntary income linas are from individuals. 16
PAROCHIAL CHURCH COUNCIL OF ST. GEORGE'S. STAMFORD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) YEAR ENDED 31 DECEMBER2023 3. RESOURCES EXPENDED Church a¢tivili¢5 £ General Restricted Total Funds Glft Days Other 2023 2022 Note Mlssionary and ch¢niablegivlng." Church overseas: Missionary 50cieii¢s Home missions and other societies Discretionary gifts and other grants Missionary and Charitable giving 37.730 1,530 13.000 26,872 41,402 39.260 38.178 16.000 17,613 48,066 29,869 103J26 85,660 21.194 61.924 Minislry." Diocesan parish shar¢ Clergy and pastoral staff (& expenses) Church- running expe8& Adult cours&s Youih work Social outreach Church services Events Building projects i io.(x)o 43,902 32.427 17,406 107,513 i 10.000 110,000 47,667 59,863 32,427 40,719 18.594 18,668 107.513 97.230 97,406 89,020 29.253 8,174 7.945 79.111 3,764 1.189 97.406 29,253 6.766 75.886 1.179 3225 43,IIKI Admini51ralion." salari and otTic¢ cxp¢ns¢s Equipment depreciation 116.961 7.229 779 3.409 117.740 102,933 10,642 13.034 TOTAL RESOURCES EXPENDED (4)9.266 3.229 149,129 761.625 668.402 17
PAROCHIAL CHURCH COUNCIL OF ST. GEORGE'S. STAMFORD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) YEAR ENDED 31 DECEMBER2023 4. MISSIONARY AND CHARITABLE GIVING Total funds 2023 Total fuDds 2022 GeDerl Restrirted Glft dys Other Institutions (Overseas missions): Alpha International Arab World Ministries Bamabas Aid Emmanuel (Bishop Abraham India) Global Benefit (Afghanistan) Kisiizi Partners (Sponsor a Nurse) Middle Easl Media Pioneers SOMA St Philips Church of Uganda Tear Fund Kumbaya Ministries (Zambia) Overseas Organisitions Total 2.040 500 500 5.840 3,920 6,2 3.340 2,000 5,945 3,920 6,260 400 650 8,050 1,6(y) 39260 650 7.620 5(K) 37.730 430 I,i(K) 1.530 10,102 21J87 Institutions {UK missions): Chri51ians Against Poverty Church of Christ the Carpenter Church of England Ev8ng¢lical Council Church Pastoral Aid Society Hope into Action New Wine (Xher Si Anne's Grdntham (Revitalise) UK Organis¥4tion$ Total 12,IKIO 12,0 1.000 12,600 1,5( 1,000 513 20,478 33,478 20.478 3Q478 17,613 Individuals: Overseas missions Hardship (including Energy Fund) Individuals Total 20.964 229 21.194 2.253 4.141 6J94 23.218 4,370 27J88 43.983 2.678 46.660 TOTAL MISSIONARY & CHARITABLE GIVINC 61.924 41.402 103J26 85,660 The PCC SUPEX)rts mission organisations and individuals doing Christian work in this country and abroad. The Global Impact Group (fomierly the Missions Task Force) recommends overseas grants payable. These recommendations are then reviewed and approved by the PCC. 18
PAROCHIAL CHURCH COUNCIL OF ST. GEORGE'S. STAMFORD NOTES TO THE FINANCIAL STATEMENfs (CONfiNUED) YEAR ENDED 31 DECEMBER 2023 The value of grants has been split between grants to instilutions and grants to individual4 with a rther br¢akdown for individuals by ov¢rs¢as missions, home missions and hardship. However. these breakdowns are only approximations as: (i) some of the grants given to institutions are then passed on lo particular individuals or famili¢s SUPFrt)rt¢d by St. Gcorge's Church. and (li) some of the inslitutions do missionary work both overseas and at home. Also, there is no indicalion given of the numbers of grants made, as: (i) some of the grdnts are giveri out through scveral standing orders. (li) some restrict1 donations are amalgamated and then distribut only periodically. and (iii) some individuals receive more than one kind of grant (and so adding the numbers together would give a misleading total of individuals receiving them). Grants are paid from restricted funds in line with the intentions of the donor. The PCC has a policy of paying grdnts to appropriat¢ caus¢s ¢qual to I l Yty of all unr¢strict¢d incoming resources of the Previous year. Grdn15 are also given from the Fr&sh Hope Fund at the discretion of the PCC to members of the Church or the local community in particular hardship or n¢d. DIOCFSAIY PARISH SHARE The PCC paid £l10.000 in respect of its 2023 d10cn parish share. In 2022 diocesan parish share requested was £108.000 and St George's paid £1 10.(KM). We are the largest church in Lincolnshire, the diocese continues to facc a s¢v¢r¢ cash d¢ficit du¢. and th¢ di0¢¢ pays for our Rector and Associate Rector which we believe costs them in the order of £l10,(KK). In 2024 we have pledged a further £1 l O,IX)O. STAFF COSTS Siaff costs £ 2023 2022 Wages & Salaries Social security costs Pension contributions 203.522 9.141 21,074 206.125 9.962 19,301 235 88 No employee received aggregate emoluments of more than £60,(K)O in either 2023 or 2022. During the first part of 2023 the PCC said sdbYe to our Associate Pastor. our Director of Children's Ministry and our CAP Community Links Co-ordinator. Lat¢r in th¢ y¢ar th¢ PCC ¢mploy¢d thr¢¢ morc p¢ople, two in brand new posts - a Worship & Media Team Leader. a Raising Generations Pastor and a Children's Worker meaning that ai the end of 2023 the PCC w&s employing I I members of staff {2022: 11}. The Church also had the services of a Rector and an Associate Rector, who were paid through the diocese and were therefore not PCC employe¢s. The PCC makes an annual paymenL known as the diocesan parish share, to the diocesc (see notes 3(a) and 5) as a contribution to costs bome by the diocese. In addilion to the salaried employees, Ihere were Iwo Discipleship Year Students (who receive some financial contribution towards their expens&s) plus an unquantifiable amount of volunteer labour. The staff costs include staff Involv in Tninislry, youth work, social outreach, and administration. 19
PAROCHIAL CHURCH COUNCIL OF ST. GEORGE'S, STAMFORD NOTES TO THE FINANCIAL STATEMEiYrs (coNriNUED) YEAR ENDED 31 DECEMBER 2023 7. REMUNERATION AND EXPENSES OF THE PCC No m¢mb¢r of th¢ PCC r¢c¢iv¢s any remunerdtion in their capacity as a member of the PCC. Th¢ RtOr, Associate Reclor and Curate), who are paid through the diocese (see note 6), are also members of the PCC. Expenses and allowances were paid to membets of the PCC as follows: 2023 2022 2023 2022 Number Amount £ Travel allowances and ho italit There were no other disclosabl¢ transactions in Spect of PCC m¢mbers. p¢rsons closely ¢onne¢ied with them or other related parties. 8. FIXED ASSETS Computer Equipment (hher Equipment & Filtings Total Cost 31-De¢-22 45.827 29.226 20,840 75.053 20.840 ,000 94,894 Additions in year DisEK)sals in year 31-Dec-23 45.827 49.067 Depreciation 31-Dec-22 27.541 9,461 24,592 l.l81 52.133 10.642 Charge for year Disposals in year 31-Dec-23 37,IK13 2S773 61775 Net book Vfllue 31-D¢c-22 18,286 4.635 22.920 31-Dec-23 8.825 23294 32,118 At the end of the year there were no outstanding financial commitm¢nts. 20
PAROCHIAL CHURCH COUNCIL OF ST. GEORGE'S. STAMFORD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) YEAR ENDED 31 DECEMBER 2023 9. DEBTORS 2023 2022 Gift Aid recoverable Prepajinents and accrued income Other debiors 3215 2.036 265 S.515 8.495 468 8.962 10. CREDITORS: Amounts fallin due within one 2023 egr 2022 Invoices due Aceruals and deferred IrMe Tax and s121 sffurity 3,310 1.370 1.818 3.462 649 3.233 8J42 11. ANALYSIS OF NET ASSETS BY FUND General Resfrlrted Total Funds Gift days 2023 2022 Fixed Assets Debio Cash Current liabilities 12244 4.796 48.875 -7.763 19.874 719 63,245 -779 32.118 5,515 142.854 -8.542 22,920 8,962 159,642 -6.649 30.734 58.153 30,734 83.059 171,945 184,876 The restricted funds for which fixed assets are held are as follows: 2023 2022 Bibles Gift Day 2015 Clift Day 2016 Gift Day 2018 Fresh Hope Special Items 16,8 3,074 19.874 1.333 6.149 21
PAROCHJAL CHURCH COUNCIL OF ST. GEORGE'S, STAMFORD NOTES TO THE FIIYAI¥CIAL STATEMENTS (CONTINUED) YEAR ENDED 31 DECEMBER 2023 12. RESTRICTED FUNDS Balance Income Expenditure Tranrftrs I Wrtte offs Balance 31.12a2 2023 2023 31.12.23 Bibles BkSta11 CAP Energy Evcnts Gift Day 2015 Gift Day 2016 Gift Day 2018 ift Day 2020 Fresh Hope Missions Revilalisalion Starfish | Study Special Items 415 19.543 9.6 1.034 .179 44.726 3.220 347 28.708 8.324 2.490 53.155 1.854 1.456 736 33.959 3.142 4.255 2.050 183 -1.486 6.149 3,225 66.793 3,655 20.478 253 4,953 3.075 30.734 36.594 3.832 5.844 85 -6,239 3.074 100.980 3.232 24272 155 2(K) -736 78,941 18A415 1SlJ63 113,793 13. GIFf DAYS 2015, 201Q 2018 The 2015 Gift Day was held to raise money for three purposes.. to upgrade the church heating system, to update the AV system and to redecorate the church. The 2016 Gift Day was held to raise money to renovate 27129 St George's Street and convert it into th¢ Hub (church office) which opena in February 2017. The 2018 Gift Day was held lo raise money to renovate St George's Church Place which was acquired by St George's Church Trust as a Church Hall and Community Centre, as well as provide accommodation for staff or letting out. W¢ hav¢ taken the opportunity to close these Gift Days as all their funds have been used and the assets have been entirely deprecialed. 14. GIFT DAY 202 The gift day in April 2020 was held to raise money for repairs to the church fabric. mainly for the tower but also a new oil tank and cleaning of the chancel ceiling. Work on the Tower was ¢ompl¢ted externally in 2022 and oil tank installed. The cleaning of the chancel c¢iling will tak¢ pla¢¢ only after the chancel roof has been allowed io 'settle'. This fund had around £30.700 in it at the year end following the paying of some retained 2022 costs. 22
PAROCHIAL CHURCH COUNCIL OF ST. CEORGE'S. STAMFORD NOTES TO THE FIIYANCIAL STATEMENTS (CONfiNUED) YEAR ENDED 31 DECEMBER 2023 15. TRANSACTIOIYS WITH RELATED PARTIES Mr Carl Fender and R¢ver¢nd Canon Martyn Taylor ar¢ tnte¢S of three register&4 Charities. l ) St. George's chUh TNst. This Charily owns the Hub (27129 St George's Street), Tumbull House {12 Bentley Street). and St George's Church Place (I Cheyne Lane) - all in Stamford. During the year these properties were used rent free by the PCC for Church purposes and accommodation. In the opinion of the PCC th¢ ¢slimaid market rental value of these properties would be £50.(K)O per annum. During th¢ year this Charity made no donations lo church funds. 2) Stamford St. George's Church Charities. During 2023 Ihis Charity made a contribution of £12,500 to the Fresh Hop¢ fund and £12,500 to the Christians Against Poverty Fund. In 2022 it made donations of £15,0(K) to Fresh Hope. 3) Stamford St. George's Church Estate. The objective of this Charity is to assist in maintaining the fabric of Sf. George's Church, Stamford. During 2023 and in 2022 this Charity made no donations to church funds 16. AUDIT AND ACCOUNTANCY These accounls were independently reviewed by Graeme Mitchell, {who also rcviewed the 2022 accounts) who has nol charged for this work. 23