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 tn￿lS 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 . Dioc￿an 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 C￿1ndItIOns. 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 Gl￿rge'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 Repres￿tation 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 w￿e included in the PCC
di￿UssIOnS whcre n￿eSSary.
ObJe¢tlves and a¢tivlties
St. George's PCC has the responsibility of cO￿perating 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 s￿iCeS 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 refl￿1¢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 p￿p]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 K￿arnoJa 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 rem￿la1 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 Si￿lfiCaTrt 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 g￿d 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 p￿pIc. 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 t￿mendOUSlY 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 grate￿1 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 f￿an¢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 r￿f. 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 Chr￿1 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 a￿1]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 resoU￿eS
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 3￿rdanc¢ 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 tn￿t 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 r￿tUreS, 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 G￿r8e'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
745￿60 622,203
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 expe￿8&￿
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
GeDer*l Restrirted
Glft d*ys
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 restrict￿1 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 d10c￿￿n 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 s￿dbYe 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¢ R￿tOr, 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 Ir￿Me
Tax and s￿121 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
B￿kSta11
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¢ tn￿te¢S of three register&4 Charities.
l ) St. George's chU￿h 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