Charity Number 1128306 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PAULS PRESTON PAIGNTON Accounts For the year ended 31 December 2024
St Paul's Church. Pr¢5ton, Paignton For the Year Ended 31 December 2024 Contonts Pale Annual Report Independènt Examiners Report Statement of Flnancial Actlvltles StatÈment of Assets and Liabllltle5 Notes to the Accounts 9.14
St Paul.#Chuh. Preston, PEftn Annual Report Foithe Year Ended 31 Decernber 2024 Rtybsttted ChJritynumb 11183( Prfn¢lp•l•ddr• St. Pav15 Church iocamo A¥enue PGNTON TQ3 2DH Vl¢•r Interreurn ond Revd N•thin Klya Lloyd5 Bank Ind•peffldefitexamlner Acwuntlni4 Everythin8SW Urnlted 13 H¥de Road PaiBnton DEVQD TQ4 $8W W•bslt• Alrn and Purpox• St Paul's Parochlal Church Council (the PCCI has the fe5pon51blllty of COperatIng wlth the Inrumbent and the Church Wardens. in promotin8 In the eccle5iastlcal parlsh. the whole rn1551on of the Church, pastoral, e¥ange115tiC, 50tl41 and ecumenlcal. A5 well a5 the Church Itself, the PCC 15 Jlsp responslble for malntalnlni the Church Halls.. MalTh Hall. France5 Norr5sh Room and the Youth Ht. Oblertlvts Ind Artmy The PCC Is commltted to enibllrti as many people as P0551ble tD worshlp at our Church, and to become part of our parlsh famlly. When plahnlng our actlvltle5, the PCC has con51dered the Charlty CommIssn,5 8uSdance on publlc bEnef*t, and In particvlar the speclflc 8uldance on chèrltles for the advancement of rell8lon. Our se1CeS and worshlp put falth Into practlce throu8h prtyer and scrlpture. rnu51c and sacrament. We try to enable ordlnary people to live out thelr falth as part of our parlsh farnllyi through.. War$hlp and prayer: le3rnln¥ about the Gc$pd. and developln&th?ir knowledRe and trust In JesU5,' Provlslon of pa$toral care for people Ilvlni In the pirlsh., and M1551on and outreach work. To facllltatE th15 work, It 1$ vltal that we malntaln the fabric of both the Church and the Halls. Pale I
Si Paul's Church, Pre#ott. Paignt Annual Repart Forthevear Ended 310ttember 2024 Achle¥ements and Performante Worshlp gnd Proytr The PCC is keen to offer two seNi£es each week. The 8am BDok of Comrllon Prayer IBCPI is è communion service which is falthfully attended bv an èvera8e of 12 peaple each week, This 5s 8 sald service usvally led by a robed rninlster. At 9.30am we hold our Family Servlce. This is attended by an average of 4D re8ulèrs plus the occasional tourlst. The avera8e attendance ha5 increased since the commencement Df the new Inrumbent. The 9.30am service includes some liturgy, prayer and 8ible readings wjlth live 8ultar led worshlp. Holy Communion15 included twice a month. We are able tu offer refreshments and individual prayer after all services. Th5s Is a wtsl part ot our fellowship. Ourlns the interregnum lJanuaf¥ to Ausustl, we wère ¥reatly blessed by not On our Curate but Iso by visitinE clergy from other Church of Enaland churches In the Bay, a5 well as the Areo Dean. Archdeaton of Totnes ènd the Bishup of Plymouth. We are grateful for their support dudng this tlme. Our Curate had to leave us In Aprll to continue her tralnlng in the nearby Pèr15h. Thi5 enabled her to receive the vital support she needed. The PCC are Bratefvl for whai she was able to do amon8 U5. As well 05 our re8ul•r serylces, we enable eur ¢ornmunlty to relebrate and thank God for the mlle5tcnes ol thelr journey through life. Ourln8 the year there ha5 been a lew bapt15ms, And 9 funera1518 in 2D231, At present there are 45 160 sn 20231 parlshloners on the Electoral Roll. Since September, we have been developSn8 our mlnlstry to those whp are housebound. Rev Glll Klmber ènd Rev Geoff Klmber havelolned u5 a5 a team to 5UPPOrt Us In developln8 thls mln15try. Each Frlday mornln8 a Zoom prayer meetln81s held, hosted by our licensed Lay minlster. It Is • spacp that Is open to all and ranges from 9 In attendance to nearly IS at Its peak. At the beglnnlng of the year, two house¥roups met. one on an •ltemate Tuesday evenlng and one weekly on a Wednesday morninq. 80th ton8re8atlons were Inte6rated and encouraqed through thls, The Tuesday group stopped meetlna In a house in July but sincE September have 411 been encouraged to rneet In the Church a5 we reiroup every last Tuesday of the rnonth. Churrh Fubrlc After terrlblt floodlni of the church hall and tar park In 2023, major work on draln clearance toak place. The maln hall floor wa5 subsequently re-pollshed as well. The cherry trees in the field were pruned and ditto ihe Garden of Rernembranre tree5 and bushes. The rnain church healin8 System was flushed through and Serviced. In addltlon, radlator5 to the ¢hurch hall were cleaned and overhauled, wlth a timer Installed ta better cantrol use of heot energy. The Vestry was redecorared after 25 yEar5 for the new Incumbent. In October, we Suffered a brtak in. We were one of sever31 churches In thp Bay impacted in this vlay. Serlous thought ha5 been given by the PCC a5 to In5tallin8 CCTV and1I8htlng to Improve securlty 202S. P•¢e 2
St Paul's ChUh, Preston, Palgnton Annual fieport Forthe Year Ended 31 December 2024 Ml551on and EV0ge11$ Thefollowino events tookploce durlng rhe yeor.. Lent Coufse- on Pete Grieg Unanswered Prayer. that tontluded wlth a Passover Meal Easter 5unday-Joint service held at st Paul'5. Opened the Field and offered cream teas to watch the air5how New vltar- In September the PCC welcomed our new Incumbpnt The Revd Nathan Klyala, In n event whlch was well attended. The twc churches Ichrlst Church & St Paul's) be8an o new chaptef in the presence of many local 5UPPQrters. Remembrance St Paul's joined our sister church Ichdst Churchl in a service where we remembered all those who lost thelr lives durin8 thè wars. Psoneerin8 Zoom Pioneer Parishe5 First Step5 CoursE was well attended by the PCC in October/November. Thi5 was very inspSrln8. The PCC took $teps then to inwte Trevor ond Holly james as our Pioneer ministers. Light Party- thi5 was held at our slster church (Christ Churchl thls year. The two churches had thè pleasure of welcomin& nearly 9Q ¢hildren and their farnilles. It was the f)r5t tlme in a long whlle to welcDme such nurnbers and envision what the future rn18ht hDld for u5. Preston Primary Scheol en8aEement With theloinln8 of the new Vicar. the PCC has contlnued St Paul's Strong relatlonshlp wlth the locol school. The Vlcar has vi51ted on sevèral octa5ion5 to dellvpr a55ernblles whlch have been well recelved. 51 Paul's Licensed Lay Mlnlster lolned the governln8 body of the school. Second Steps PfÈ-School and St Paul's ¢hur¢h have continued to to cultbv•te a stronser relation5h¢p through re8ular mornin8 prayer and Scheduled meeting5 on a fortnlghtly basls wlth the leadershlp and, a Mondèy for a 30 mlnute o55embly wlth the chlldren. - Chrlstmas bpgan wlth Presten Prlmary khool fllllng the Church over two ev?rtln8s for a Carol Servlce. Otherlolnt 5ervlces were hosted at St Paul's whlch were well attended. Icrlb 5ervlce and Christmas Doyl. It Wa5 do¢d to see beth new and old laces. OtherActlvltlt5 Llttle An8eli'. 2024 saw fluctuètin8 3ltendance to the po5nt that In Seplernber we were unsure whpther to iontlnue wilh the Broup. De$plte our inlt131 concerns, nurnbers have continued to Inrrease 5tead51y and currently average between el8ht and thlrteen toddler5 per se5s10n. None of thls would have happened wilhoul the dedlcated support of our wonderful team ol volunteers '. Karen & Don Hocken, lenny Glanville , Rose Mèddock and Bev Harvey . These are the people who have made the se555on5 possible each week and deserve a very thank you for thelr time and commiimeni. We look forward to the future and handln8 the relÉn5 over to Holly and TrevLir JamES and thelr excltlng plan5. Glrls Who Gath•r.' Thls w45 a wornen5 @rgup that met while the CuTate was stlll wlth u5. It was open to thE con8regation and their frlend5. CDffee mornlngs.. started the year beln8 held on every Thursday mornln8, but durln8 the latter port of ihe Interre8num, 11 W35 reduced to every 1st and 3rd Thursday. It is gtnerally well FÈllowshlp Lunch.. A5 often a$15 ppsslble, a fellowshlp lunrh is arianged for those who can rnake It. Thls Is hEld In a local pub 3Trd well attended. Pub NIBht.. The flrst Monday of the month is an Informal 8atherin8 ol men who sh to rneet toBether in o local pub. Hall Hlre.. All the halls that are on the church premlse5 are booked out for mosl of the weEk wlth ¥ariDus hirer5. Thi$15 a valuable In¢Dme stream for the ¢hur¢h ènd we have a good rel*ionship with our hlrer5. Garden of RemembTan¢e Thls Garden, together wlth ihe Book of Rernernbrèn¢e, has exlsted lor over tw2nty years. The PCC agreed to contlnuèlly ensure that the new plaques and the book are kept updated. In addltlon, that the Garden is well malntèined. Thls 15 a place of comfort and reflection fDr our parlshloners and neighbours alike. Pa¥e 3
St Paul'schurch. Preston, P4ignton Annual Report Forihe Year E#dtd 31 DecembEr 2024 Flnancial Re¥lew The totral receipts on unrestricted funds were £104,615 12023- £77,386). The total expenditure this year wzs £83,99012023 84,6S81. In addition, there l& an unre3lised1055 on the investment this year of £2631202a 8ain £3,769). The Income Ilncltsdin8 the'unrea115ed Eainsllossl Exceeds expenditure by £20,36212023-1£3,50311. Income streams are generated frorn the Parish Giving 5cherne, Stewardship, standing order5 4nd envelopes Iwhlch are kept at the end of the pews), and cash in the offerin8 pl¥tes. 2024 saw the introduction ot a di8iial Élvin8 machine. The impact Dn freewill 8ivlng Via the digltal giving machlne has been an addltSonal É1.232 forthe year. The contributian to the Diore5an 'Par15h Share, which helps tt>wJrd5 the cost of stipends and housing costs for the clergy, was pa5d In full this year. The PCC were 8rateful tll receive £21,SW in Legacy rnoney durfn8 2024. A backdated HMRC clalm wa5 made In 2024 which resulted in è further £10,429 of unrestricted funds. In the lost quarter of thè year, an Admin15trator post was created for 3 freelance person and a Ploneer Worker was appolnted as a volunteer with the PCC a8reein8 to pay the rental costs of thls new worker. The toial unrestrlcted funds èt the end of the year, whlch Includes £17012023 £901 deslgnated to be used by Lliile An8e15,15 now £132,48112023 £112.1191. ReAÈrvrt Polley The PCC has resolved to mointaln. If PD551ble, a balance on our Generol lunrestpi¢tedl Fund, which equate5 to at least el8hl months. unresirlcted payments Isay E60,DWI to cover emeriencle5 that may arlse and to hold suftlclent reserves to malntain the fabric of the Chur£h. The PCC fEe15 that the current balances are w5thln the ResÈrves Pollcy, but are contlnulng to refully monitor the 51tuation bearlns In mlnd the dlfflcull financlal tlmes we are Ill experl2nclng. It Is our policy lo Invest any Sufplus fund5 wlth CCL& through the CBF Church of En8land Dep051t Fund. thelr In¥estmeni Fund unlts and thelr Deposlt Fund. 5afeiu•rdlni The PCC ho5 complled wlth the duty under Se¢t5on S of the Sale8uardln8 and Clergy Dlscipline Measure 2016 Iduty to comply with the House of Blshop's Guidance on Safe8uardlng chlldren and vulnerable adultsl Carherine brookman contlnue$ to seNe as (Jur Safe8uardlnK cfflctr ènd is actively keepin8 the Safe8uardln8 online dashboard up to date. Lynette Taylor a150 contiiue5 a5 the DBS verifler. The PCC w15hes tu thank both Catherfne and Lynette for their work In thls Important area of Church Valunt••rs The mÈmber5 of the PCC would Ilke to thank all the volunteer5 who work so tlrelessly tc make our Church a welcornlng communlty. Our spEci41 thanks 80 to our Church Wardens, Caiherlne Brookm4n lJJnu3ry to May), and Glyn Burn5 who continue5 a5 the sole Church Warden. Looklni forward In 2025 The PCC together wlth the PCC of Christ Church hope to appolnt a Farnily worker. ccrv and Improved lighting will be Installed to protÈ¢t the premisEs. Page4
StP•ults churc PrÈstM, Annual Aeport Forthe Year Ended 31 er2024 Strurtur•, Govevnanc8 and M•Tragemqnt The method of appolntment of PCC rnembets Is set out In the Churth ReprexntstJDn Rulek The Councll compr15e5 Ihe IncumbeThL the Curate Ilf we have one), the Churchwardens, a Llten5ed Lay Mnlnlster, those elected to the Deanery Synod and oher member5 who are elected 3t the knnu81 ParochLql Church Meelln& by tlp)se on the Elecioral Role. Members of the conyegatlon are glways encouraEed to Joln the Elettoral Roll, ènd to COn51deT Standing for electlon to the pco The PCC members ore spOnSIble for rnoking dec151ons on all mattws of 8ener81 concern and ImpDrt4ncq In the Partsh, and for all flnanclal matters. The PCC met 16 times durfn8 tho year, som• of these were very qulck oKceptlonJl meetln85 to addres5 matters and usually held after the 9.30am senrtee. Any SuCOMm[eQs thttt rtwt in 2023 grÈ riow Oh Is WÈ se1 Snto a new way of work4n8 wlth aur new Incumbent. Adfv4nl$¢fV• IntsmtIOfv The rhur¢h15 51tuèted atthe correspondence address ènd Is part otthè Deanery of Totnes, In the Dlacese of Ex•t•r. Th• £Drr•5pondRnco addr•5s 15 St Paul's Church, Locarno Avenue. Palgntpn TQ3 2DH. The PCC1s a bD CDfpoTate IPCC Powus Mea>urE 1956, and the Chwch Representstlon Rules 20221 ènd a Chirw r¢8lstrètlon wlth the Ch>rltyCommlsslon number 1128306. PCC membèrs whg wrvod from l January 2024urttll thé date thls report was approved wer•.. vIr.. Reverend Nathan KIya(sept to datel Curat4'. R•verend Ruth 8e&ett luntll Ap1 20241 Llc•rwd L•y Mlnlit•r Dr Dav5d Hamood hwthw•tthns Catherlne BrookmaTr IllesD•d M•y 2024 tr1 remalned on PCCI Glyn Burns Catherlne Brookman & Dr D8vld Hèlwood D••nery Synod RepMi•Thts¥ eiKt•d M•mbers Hden 5nowdon IiaoThgrary Secretory) Helen Bums IHanor3ryTreasuro11 Cithlrlrte 8¢ookmin I1+18rdIn8 Offlcttrl MlchaEI Snowdon Mark 8fookmafi Ju5tlne Garvey Cirol Gre•n KITV CDlllns P•triei8 Turner Approvedbyordercl ePCCon I L Lfyv-LU Zc) Ind slgn*d behalf ty.. R•vBrend N•thaTrKfva I(1rD H•lAn (Ti•a£tsMrl Pa5
St Paul'5 Church, Preston, Patgnton Independent Examlners Report For the Year Ended 31 Oecember 2024 I report on the accounts of the charlty Inurnber 11283061 for the year ended 31 December 2024, whlch are set out on the followlng pa8es. Respectl¥e responslbttles of trustees and examlner The charity's trustees are repon51ble lor the preparation of the accounts. The charlty's triJ5tees consider that an audit is not required for this year undef section 144 of the Ch4fity Att 2011 (the Charitles Act) and that an Independent examlnatlon is needed. It is my responsibility to: examlnè the accounts under sectlon 145 of the Act., to follow procedure5 lald down in the General Dlrettlofts glven by the Charlty Comm15s10n; to state whether partlcular matters have comt to my attentlon, BJsls of Indep•nd•nt •x•mlTrers 5talem•nt My examlnatlon wa5 carr5ed out In accordance wlth Geheral Dlrectlons 8lven by the Charlty Comm15$1oners. An examlnatlon Includes a revlew of the accountln8 CordS kept by the ¢harlty and a comparlson of the aceount5 prestnted wSth those records. It also Includes conslderatlon of any unusual Items or disclosures in the accounts, and seekln8 explanatlons from thè trustees corttèrftlng any such matters. The procèdures undertaken do not provlde all the evld¢n¢e that would be requlred In in audlt. and consequently no oplnlon Is 8lven as to whether the accounts present a "true and falr vSew' and the report Is Ilmlttd to thosè mattèrs out In thè statement bek¢w. Independent •x•mln•rs st•tqm•nt In connectlon wlth my examlnatlon, no matter ha5 come to my attention I I whlch glves me reasonable cause to belleve that In any materlol respect the requlrements-. al to keep accountlng records In ac£ofdance wlth sectlon 130 of the Charltles Art: and bl to prepare accounts whSch accord with the actountlll8 records and comply with the a¢tountlng requlrements of the Charltles Act have not beeft met. Or 21 to whlch In my oplnion, attentlon should be drawn In order to enable a proper understsndlng of tht accounts to be reached. Dat countin8 4 Everythln8 SW Itd 13 Hyde Iload Paignto Devon TQ4 58W Page 6
St Paul's Church, Preston, Paignton ststement of Fln•n¢ial ActIleS For the Y¢ar Ended 31 December 2024 Unrestrlrted Restricled fvn(ts fvnds Total funds Total fund 2023 Note5 IPKOME & ENDOWMENTS Voluntary Income Activltle5 for generating funds Income from Investments Church Aciivlties 20 2b 2c 61,205 37,664 4,345 61.205 37,664 4.345 31,730 40,285 3,338 2,033 2d TOTAL INCOME 104,615 104,615 77,386 EXPENDITURE Rai51n8 Funds Charbtable Givlng Church ActSvltle5 30 3b 3c 531 531 491 4,841 79,32S 78,859 78,859 TQTALEXPENDITURE 83,990 83,990 84.658 NET INCOME I IEKPENDITUREI BEFORE f•AINS & ILOSSESI ON INVESTMENTS 20,625 20,625 7,2721 Galns I (Lossesl on Revaluatlon 2631 2631 3,769 NET MOVEMENT IN FUNDS 20,362 20,362 3,503 Transfer between funds BALANCE AT oii0112024 BALANCE AT3111212024 li li 112,119 132,481 112,119 132,481 115,622 112,119 Page 7
5t Paul's Church. Preston. Palinton St*ement ot Assets and Llabllitles For the Year Ended 31 Dffember 2024 2024 2023 Notes FIXED ASSETS Inv•stm•nts-at valuation 32,938 33,201 32,938 33,201 CURRENT ASSErs Deposlts wlth Central Board of Flnance Cash at Bank Cash In Hand Debtors & Prepaymerbts 74,085 25A81 62.385 16,533 99,566 78,918 IIABILMES Credltors: Amounts fallln8 due wlthln one year io 231 99.543 78,918 TOTAL NET ASSETS 132,481 112,119 PARISH FUND Uniesirlrted Funds Oeslgnated Funds Restrfrted Funds li 132,311 170 112,029 90 li li TOTAL FUNOS 132,481 112,119 Approved by the Parochlal Church Councll on and signed on Its behalf bv: Reverend Nathan KSya8a Oate.. 18 ao Mrs H Burn5 Date.. 1814MgJ& Zoz Page 8
St Paul'5 Church. Preston, Pal£nton Notes to the Accounts For the Year Ended 31 December 2024 ACCOUNTING POLICIES The principal atcounting PDlicies adopted In the preparation of the Flnanclal Statement5 are as follows.. al Basls of A¢countlnB The flnancial statements have been prepared under the hlstorical cost convèntlon with items reco8nised at cost Dr transaction value unless Otherwise stated in the relevant notelsl to these accounts. The flnanclal statements have been prepared in accordance with the Statement of Rècommended Practice.. Accounting and Reportin8 by Charities preparing their accounts in accordance with the Flnancial Reporting Standard appllcable In the UK and Republlc of Ireland FRS1021 and the Flnanclal Reportin8 Standard applicable In the United Kingdorn and Republic of Ireland IFR51021, the Charities Act 2011, ènd In accordance wbth ihe Church Accountlng Re8ulatlon5. St Paul's Church meet5 the deflnltlon of a PublSc Beneflt Charlty under FRSIO2. bl Fund A¢count5ng Unrestricted Funds are avaSlable for use at the discretion of the PCC In furtherance gf 5ts haritable oblectives, Designated Funds are unrestricted fund5 earmarked by the Members of the PCC for particular purposes. Restricted Funds are subject to restrictlon5 on their expenditure when spe¢lfied by the donor OT when funds arr ralsed for partlcular purposes. ¢1 Incomlng Resources All voluntary giving is included In the Financial Statement lor the period it 15 receSved. Donation5 under Éllt aid plus the Associated Tax Recovery are rècognlsed as Income when the donation Is received. Le8acle5 are a¢counted for when thelr recelpt Ss certain and cèn be properly quantified. Reali5ed Galns or Losses are retO8nised when Investments are sold. Unreali5ed GaSns or L055es are accounted for on revaluatlon of Investments at the 31st December each year. All other income is 8enerally reco8nised when It Is receivable. dl Resources Expended The Diocesan quota is accounted for on the basls of the amount pald In the year. Resources expended are recognised in the perlod to whlch they are included and include attributable VAT whlch cannot be recoverpd. They are allocated to the pèrtlcular actlvity to which they relate. A5 most of the Management and Actlvbty of the Church is carried out by volunteers, thi5 intangible c05t is not included in the Financial Staternents a5 thi5 voluntary contribution to the life of the Church Is Incalculable. Page 9
5t Paul's Church, Preston, Palgnton Notes to the Accounts For the Year Ended 31 December 2024 el Tamatlon As part of the Church of England the Church is an extepted charity withln the meaning of the Taxes Acts. Accordingly it is potèntially exempt from taxation in respect of income and capital gains received to the extent that such income OT gains are applied to extlusively charitable purposes. No prtsvi5ions for taxation has been made in those financial s*atements. fl Fixed Assets Consecrated and beneficed property Is excluded from the accounts by the Charlties Act 2011. No value is placed upon movable church furnishlng held by the churchwardens on special trust for the PCC and which require a faculty for d15P05al since the PCC considers this to bè inalienable property. All expenditure incurred durln8 the year on consecrated or beneficed bulldings and movable church furnishings. whether malntenance or improvement, Is wrltten off in the S.O.F.A. and separately disclosed. 81 Flnanclal Instruments The chuich holds the following finan¢lal instrument5'. short term trade and other debtors and creditors., cash and bank balante5. All financial instruments are classlfied as baslc. The Church has chosen to apply the re¢o8nltion and measurernent prlntiples in FR5102 Flnanclal instruments are recvgni5ed when the Church becomes party to the contractual provisions of the Instrument and derecognlsed whtn in the case of asset5, the contractual rlghts to cash flow5 from the assets explre or subs¢antlally all the rlsks and reward5 of ownership are transferred to another paity, or in the ¢ase of Ilab511tle5, when the church, obllgations are dischar8ed, expire or are tancelled. Basic financlal assets cornprlse short term trade and other debtors and cash and bank balances. Baslc financial liabilities comprise Short term trade and other credltors and bank loans. Such instruments are Initlally measured at transaction prite, includln8 transactlon costs, and re subsequently carried at the undlseounted amount of th2 cash or other consideratlons expected to be pald or received, after taking account of impairment adjustment5. h) Donated Servlces The PCC benefit5 greatly from the Involvement and enthuslastlc 5UPPOrt of Its many volunteers. In accordance with the Charity SQRP, the economlc contribution pf 8eneral volunteers 15 not measured In the accounts. Page 10
St Paul's Church, Preston, Palznton Notes to the Accounts For the Year Ended 31 December 2024 2 INCOME & ENDOWMENTS Unrestilcted Funds 2024 2023 Restrlcted Funds 2024 2023 TOTAL 2024 TOTAL 2023 al Voluntary Income stewardship & Gift Aid Tax Recoverable Collections Donatlons & Appeals- Charities Other Income Legacies 20,408 13,495 5,483 210 iio 21.500 61,205 22,372 2,624 4,017 300 2,068 350 31,730 20,408 13,495 5,483 210 iio 21,500 61,205 22,372 2,624 4,017 300 2,068 350 31,730 b) Actlvltles for generatlni funds Coffee & Catering Church Hall Letting Car Parklng 1,253 31,264 5,148 37,664 1,431 33,348 5,505 40,285 1,253 31,264 5,148 37,664 1,431 33,348 5,505 40,285 cl Income from Investments Oividend5 & Interest 4,345 4,345 3,338 3,338 4,345 4,345 3,338 3,338 d) Church Artlvltles Fee5 1,400 1,400 2,033 2,033 1,400 1,400 2,033 2,033 104,615 77,386 104,615 77.386 Page 11
St Paul's Church, Preston, Paignton Notes to the Accounts Forthe Year Ended 31 December 2024 3 EXPENDITURE Unrestricted Funds 2024 2023 Re5trlcted Funds 2024 2023 TOTAL 2024 TOTAL 2023 al Ra15ing Funds Coffee & Catering 531 531 491 491 531 531 491 491 bl Charltable Glvlng Linx Missionary Societie5 Desire's Church RDA Miscellaneous 1,634 iio 2,856 1.200 610 1,396 1,000 635 4,841 1,634 iio 2,856 1,200 610 1,396 1,000 635 4,841 4,600 4,600 cl Church Actlvltles Mlnlstry Diocesan Quota Vicar Expenses InterroBnum Expenses Church Overheads Maintenance Decorating Church Ministry Personnel Training, Courses & Outreach Computer, Software, Telephone & Stat1( EDBF Fees & Wedding & Funeral Costs Hall Overheads Contractor charges cleanin8 Maintenance Upkeep Kitchen Consumables & Equipment Garden of Remembrance Accountancy Fees 29,657 260 2,084 32,643 663 229 29,657 260 2,084 32,643 663 229 8,441 3,285 600 7,502 1,224 1,726 2,612 89 7,632 8,802 6,470 8,441 3,285 600 7.502 1,224 1,726 2,612 89 7,632 8,802 6.470 772 2,476 18 772 2.476 18 6,234 11.102 2,578 476 418 570 78,859 6,676 8,579 6,234 11.102 2,578 476 418 570 78,859 6,676 8.579 742 3,054 570 79,325 742 3,054 570 79,325 83.990 84,658 83,990 84,658 Page IZ
St P•ul's Church, Preston. Paignton Notes to the Accounts For the Year Ended 31 December 2024 4 STAFF cosrs 2024 2023 Staff Costs (excluding 5ub-contractedl The average number of employees durlng the year was 012023: 01 RELATED PARTY TRANSACTIONS No expenses were paid to any member of the PCC, persons closely connected with them or related parties. at Market Value Unrealised Galnat 3111212024 5 INVESTMENTS Cost 2024 Value 2024 Value 2023 CBF- Investment Fund 1,424.49 shares 1,424.49 shares 3,033 3.033 32,938 32,938 33,201 33,201 {2631 12631 6 DEPOSITS WITH CENTRAL BOARD OF FINANCE 2024 2023 Deposit Funds - General Project Fund Hall 74,085 62,385 74,085 62,385 7 CASH AT 8ANK 2024 2023 General Accounts Freewill Account Hall Account 15,505 870 9,105 25,481 6,031 1,995 8,507 16,533 8 CASH IN HAND 2024 2023 General Accounts 9 DEBTORS 2024 2023 Prepayments Other 10 CREDITORS 2024 2023 Credltors for goods & services Other (see Ilb Restricted Funds) 23 23 Pège 13
St Paul's Church, Preston, Pai8nton Notes to the Account5 For the Year Ended 31 December 2024 11 FUND BALANCES al Analysis of Net Assets by Funds Unrestricted Restricted Fund Fund Totsl 2024 Fixed Assets Current Assets Current Liabilities Net Assets 32,938 99,566 32,938 99,566 IZ31 132,481 1231 1231 132,504 b} Restricted Fund5 Asat 0110112024 Transfer Asat 3111212024 Recelved Pald cl Unrestrlcted Funds Totsl 2024 Total 2023 General Brought Forward - at l January 2024 Surplus / (Deficit) for the year Carried Forward- at 31 December 2024 112,029 111,029 20,282 20,282 132,311 132,311 115,491 13,4621 112,029 Des18nated Funds Iwlthln Unrestrlctedl Total 2024 Total 2023 Llttle Angels Brought Forward- at l January 2024 Income Expendlture Carried Forward - at 31 December 2024 90 80 90 131 95 11361 90 170 170 Page 14