REGISTERED CRL4RITY T4UMBEIL" 1128520 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS. TrOR THE YEAJi FNDED LI D.ECEMBER2022. FO cc. THE P C L[l£.LEs1$T.IcAL PAR!SH.QF_SthllcHaELEfjSTE[GNT0N. 14qTrI ST PETER & sr.PAiiL'.SL TEIGN'GRA Chartered Accountants & Clmrtered Tax Ad*'tsers 2? Union Stteet Newlon.4bb)t tkvon TQI? ?JS
THF. P C C OF THE ECCLF.SIASTIC.AL PARiSH OF ST MIC.Ei4F.L'S klNGSTEIGNTON wrrH ST PEfER & ST PALQ'SL TEIGNGRACE coNrENTS OF THE FNANCIAL STA1EME¥13 the ye Ended 31 December 202? Report of the Tr¢5 I to 6 Independent Exaniner's ReFrfin Stat¢m¢nt of Financial A¢tivities Balance Sheet Notes to the FitwKial Stat¢ments 10 to 14 Detailed Statement of Finaticial Acttvities IS to 16
THE P C C OF THE ECcLESL4cAL PARISH OF ST MtCHAEL'S KtNGSTEIGKfoN WITH ST PFfER & ST PAUL'SL TEIGNGRACE REFN3RT OF THE TRUSTEES for the Yeat Ended 31 December 2022 The trusitts present ther ryrt with the financial eMe[rtS of the chaity for the year ended 31 t)eeember 21Pll. Th¢ trustees have adopied the prowioTJS of .4ceounting and Rewbng Ch2ritie& Statement of Recommended PtICe applicable to chttieS preparing their accounts in accordan with Ihe Financial Reting Standard appliLxble in the UK and Republic ofIreland IFRS 1021 (effective l JanuaTh ?019). OBJECTIWTS LVD ACTIVTTIES Objettives and Activities Kingsteignton with Teigllgrace PCC has the reSnsibIlity for eTrope13ting with the inL7llnbenl Fr MaTk Smith, in promoting in the ecclesiastical parith the whole mission ol the d)Ur¢ pastoraL eVaVe115t1fy social and ecumenical. A Church of England Fdfi5h ivithin the Diocese of Exeter, our main aclii'ities It]de iegulas w0h1p and prnier, essin(T to the truth of the g& nems about J£sus Christ to the people of King5teionton ar Tei.qJgrace. mbets are active in I(a] (FovernmenL sch15 and chariiÉes. ciMJncillors: trustees aJKI governors Nhile healing, PTa}'er and p&storal groups are all Gon¢emed Ivith ihe loc £(Mlity. Public benefit The PCC is aivdre of the Charity Cotnmi&si(ms guidallce on public benefit in -The Ath'an¢ement of religion for the Public Benefit" and have regard to li in their administnÉion of the ParislL The PCC belie¢$ th& by filling their responsibiliry to work together ivith the Incurnint in t Pwish 8n4 co-wertr in a]1 matters of concern alld importance for the promotion of the whole mi48ion of the Chur¢K pastoral. efft)geliiq Sla1 atMI e(yenICaL it provides a benefit to the publi¢ by.. "Providing resources and facilities for public wlp. pagtorai re and spiritual. Tnoral and intell d¢velopmenL tKbth for its mtn]bers and anyone who wishe5 to benefit from wbatthe Cbutch offers". "Promoting Christian Ndues. and mice by me4nbus of (Thurch in the Parish to the ¢ommth)ity. to th¢ tn¢fit of individuals and ]ety as a ithole". ACHIEVEMENT AND PERFORMANCE Cburcll attendaD¢e There ore 78 parishioT*rs on ihe Church ElornI Roll, 21 of WI7 not sIderI1 in the parish. During the pt year we held setvices on Ziy)m and livestream¢d w Fbr)0k. Sunday attene at these aboui 50. We continue to offer hvbTtd s¢r%q¢es v4.ith people ¢trKKJsing io attnd in tOn or on zoorn or by watching livestreamed services. Where is it possli )le to Count attendees we have a) average of 40 - 50 wle attending a Sunday. Aknt 13 - 20 people vie. livesiT¢amed s]Ca5 aithouJo J llot alw45 '1ive' and aknut Ébe same nnbtr en82ge in daity morning an(Vor evening prayeron Facebook. Re)iew of the year- PCC .The Partrhiaj Church Council met four tie$ duTJng ?022 and the average attendance was 78010. The Standing Cottunittee ]net bdween tettgS w.here necessary and ]nuteS of their delittrations iyere r¢ceivcd by fi]11 PCC. and discussed where necessary. At each meeting time is sn[ on retn past tYem& p&<oral [¢. and festivats atjd planning for fiityre ones. Observations were made concernit]g the pattem of worsbip at)d discussions on issueg rdised.
THE P C C OF THE F.CCLESIASTICAL PARISH OF ST fvIIC.HAEL'S KINGSTEIGNTON wrrFI sr PETER &. ST PAUL'SL fEIGNGRAC.E REPORT OF ]HE TRUSTEFS forthe. Year End_ed 31 Pece.nkn?O?? ACHIEVEMENT AND PERFORMANCE Review ofthe year- Churth lrfe Report from tbe Vi¢ar: Itttroduction The KingSteIgnrn and Teigngra¢e Mission Commthjity is f{ed of parish within Angltcan DiiKese of Exeter, in the South Westof Engkn Our primary aim is to fulfiEthe promises of our iWrsm. We seek io do thig b>~. - Gmwing in pr¥yer. Making neiv disciples- - Serrfitigthe people of Devon with jiv. Central to all of these efforts is ihe EuL9fisL wthich is a constalrt space of silence and pe£ct. Exh and every time we meetto sharethis sacred r[aI.the saving events of the first Easrer are m2¥Je present agatn. Participation in Mission ComMlty (MC) W'otshtp Largest Congrwtions.. Sunday 10.30am ELKthist in ptaz(#) Growi C.ongregations.' Ilessy Church D¢clining Congreuations.. Non¢ ill the Trarty¢ar Smdlest C(wJtiODS'. 8.00am Eucharist at St MichaeT5 & 2nd sUn{Y EuthaTi5t at St Peter & St Paul's Following the COVID-19 pandemic we decided embrace the hfyid d)urch model promod by the Church of EnglaniL wih vimwlly all of litu aIlable for acw either in person or inwnlon lin¢ via Zwm or Facebook livestreams. Oyerail, attendan¢ & h)'bTid during this petifyj ha¢ the same or greater than wior to the pande1¢. Pastorn] Care in the Mission COmrn1ty It is difficult to tell whether the vuy positive development that ar(kse durillg the pandemic amon.osr la) members of the Mission Communty whcreby thei much more xtive [ing fot (me awther. 7th I4)ht calls. Fa¢ctime and loom meetings, has continued. This a livine ThTrkne55 to C]stian coMmttieDt and it would be 2 major batkwÈrd forthe MC if th•t iyas a retum to pre-Fendemic pallalls ofbEhaiour. The online data fjle dth'eloped by Chutthwarden Jos has colltinued to be invaluable In eBablJnu Glewi and laity to tfdck And moftitor the levels of pastOTa] support pro&ided to exh participant iyithin the Massion Cornmunty. Clergy have Colllinuedio proNide both telephone and kn to kn pW(Ya] visiL%. Telling others Jesus As I have said in many ryrts pri( to this. anyone Hho 15 baptiwl h&$ this oblit*ioL The 81¢st way to do tbis is to tsllc to our famil!. and frietkds aEK>Ut why come to dJur¢h, join ZIM)rn and Livestream serwices. It remains the that we all hair to ¢ha]lenge overthe extentio wbi¢h we are doitE this. Othervchicles available to the Lmission Community fordoingthis in¢lude: . Our website, which ha5 contilld to see in traffjc in th¢ yur to 9th March (50,8(KkpagE views lup 15.10/0 from the figures listed I&1Year in my Report)l-, - The Church of England's ohurchnear)'ou.com> websiie. which is repyting 829J-page views in the la< yw for St Michael'5 1up21.8Y year-on-yedr) aDd J671 for St Peter & SÈ Pavl's lup 10.th): Pase 2
TEIE P C C OF TFIE ECC.LESIASTICAL PARISH OF %r MICHAEL'S KINGSTEIGNTON WITH ST PETER & ST PAUL'SL TEIGNGRACE REPORT OF THE TRUSIEES .fvr the JE ¢J¢d 31 Dwqn. b¢r 21Tr ACHIEVEMENT AND PERFORMANCE - The Mission Commullity Facebook page: which h&s 113 mdnb¢r& We livestr¢atn a Eucharist every Sunday, attracting anytllg from J to vThs eh week. Fr Mark 8]so ry>sts Morning EvenTng Prayer ea¢b day and these attra¢t a similar number of One less vehicl¢ open to U5 to t¢ll wlc Je5US is th¢ MC Elearonic Li]]k" parish RgaZ[r, whiGh Ge&Eed publication during the last Yr. Leillg ourFaith f we are to grow &$ Christian5 and k Confident tdling others aknut what it is in which we believe ]d Ib)pe, llEed to leam about our taith. The main leaming opp)tttu]ity available in the Nqc during the last year has Lent discussion wup. This h&8 atracled 10-12 pani¢ip8nrs each week it has n. Ministry io Children & Younts Families ?%_30 of whom are children. It is rwettable. Messy Church continues to achieir atteThdances of around wple, - howev. that so f¢M' particiFwts of the MC feel abk to c0tttrite to the nllJttitLg olthts major iniuativ¢ for childr¢n and young fallieS. Fr Mark Continues to U[]d¢ AssebIS and class visits for St tiChael'S Sch(x)l a1 th£ School regularly hold their end ofieEftL 5eFv2ces in St Michaels Church. A hilIght Df the last year has bt the resEunTrfion of Ex[lenCe events at St Micbad's. which have F£en ivell T¢C£iVtd by th¢ lttal prinw schwis. Prayer Life ALXivities to support aThl gTQW ¢)ur prdyer lifetouether havecontinu¢d to inclu&: . The Sunday LivestreatnlZoL)m EucJMrists aThJ Sunday Evensottg iti petson and by znqlNrstre3m. - Momingand Ei'ening Ptayet on Fa¢eixx)k )d YouTute' - Provision of dectronic copies of Sund. sermoThs: - providing Advent booklets free for COllgre?ations and encouraging e of on-line Advenl materials" - eThcouragng use ofdK C[rch of England Lent mat¢riaIs for prayerand refie£tion. Music and Bells The bell-rin.treTS continue to prtiCe on Weththtsy eVenig5 atMI are always happy to welcome new volunteers lo ring on Sunday mornin. The Choir continues to make & major conlTibulion fo the qIlty of singing in Church al recentlv Te.started the singing of the Irttroit hymn during the entry ProlOn. Communiry Ellemen1 The main activities in this regard h&ve hadth on lirrt and inclwle: - increasing the arnount ad varietv of informion available lathe Xqission CommuDity web5it4 - crIng a publicl), available Facebcrt)k page for the fvlission Commun(ry: - creating a publicly available YouTube ge. It is plaTlld by PCC that there should be a rwlar adVertIffte of seryi¢es in the MC in the Mid Devon Advertiser.
THE P C C OF THE ECCLESIASTtCAL PARISH OF ST MtCHAEL'S ktNGSTEI WITH ST PF.TER &&T PAItL'SL TEIfjNfjRACE REPORT OF THE TRusfEES for the I'w Ended 11 Décelntkr 22 ACHIEVEMENT AND PERFORWCE Finances Thank you to all who have given finjwialty to our MC in 20L?. The CobIned Common Fund ICFI &&fe&5merrt foT our w&s £47.852 lor £92th4¥eek). R]ittg and building maintenanc¢ costs have added io this. Our iklc Common FurKI obligotion ma in fvll. The arnount we need w raise in 2023 a¢rLw tth chw¢15 is £49.168 lor £946Aweek}, to whic14 of coutse, rt]nning a1 building nmintenance c(6ts must a]so be added. The main sourte of income to meet this large fivure is giving by tnembers of the ¢hurch. Sadlv. it remains the case that both chwches sre dertndent urth a limited number of generous giver& while most parti¢tpants only a small amounL Pathra] Recvganisation Durirtg the last vear the parishes of Kings#ei2nton and TeL?n%£ completed the merger process and are now the single Parisli of Kingstei.tsMon with Tela¢c. ..lthIll ibis Parish. St Micbael's is the Parish Church, while St Peter & St Pttul's beeome achapel of ease. Safeguarding statement I Confir that the PCC5 of St Nlichael's LingsteiÈnion and St Peter & Si Paul TelgTace compl). Ivith their duty under section 5 of the Safcguardin8 and Clergy Discipl]'n6 Nqeasure ?016 to have du¢ regard to Aouse of Bishops. <yuidanc¢ on safeguarding children and vulnerable *lults. The), do this by: - Having a(k)pte<t a Mission Collllnunity Safeguarding Policy that inco4)orates the Exeter D50¢esan Safeouardino Policy" - Operatinc Safer Recrnttinenl - AppoiThting Safeguardillg Officer5 aTMI publi5blg their nam£s aT¥J Cont detsÈi% o]ong wth Chiiditne telephone llumber, in the w)rch of each church and on our website,. - Including SateguaTding an agenda on each enda for PCC and PCC Sthndllig Cornrnitie¢ meetings Fr Mark Sn]itl4 March 2023 FJNAryCI.4L REIryEW Fin#ncig1 r¢vitv¥ Total receipts on ordinary unrestricted fimds were£ 108,448 and are detatled in thefinaTaci815tatements. £ 89099 was spent to ptoNide the Cknstian ministy. fmm KinusTe]toll Parish Church, includllEg the contribution to the diocesan parish share. Ivhich lar(pely provides the #ipends ad ho$]ng fly the clergi.. The sum that the chuTche5 in the diocese have to find is shared knveen the ¢hurches accordi lo a foThDula thst is based ain15 on the head uttt of the ¢ongregation and wtty oll the electoral roll. The llet TUlt for the year w&% an exces5 of receiFrfs over pa!Trents of £ 19.049. Adding this surplus to the ba]an¢¢5 at tILe beginning of thE y&ir and dedudints the loss on the vlaue of the Ènvesmients gives a figure of £811,902 b#lan¢e on ttke unrestricted fulld at 31 Decejnkr 2022. Thr iTrcowTr¢ for thcyw irKludc5 the bank ad inve5tmcnts ithr(xluced from St Pel¢r and St Paul Teign8fdC¢. Reseryu p1 It is PCC wlicy to maintain a balance on )restrICted sd$ lif rM)s5iblel. which eqlth to approxttt)ately six months, unrestricted payments to cover emerg¢nc¥ situations that rnav arise from tititeto time. balan¢e of fr¢¢ reserves of £ 348.730 on unr&5triLted fyDds at the yedr4Thd md this crKteTiOn. Jt is our policy to invest our ndS baknces with the C.BF Churtkn of Engiajjd twsit Futt
THF. P C C OF THE ECCLESIASTIC.AL PARtSH OF ST N.IIC.HAEL'S KING8TEIGNTON' WITH ST PETER & ST PAUL'SL TEIGNGRACE REPORT OF THE TRLSTEES forthe Year End.ed 31.Doc.ember 20?? STRLTCTIIRE, GOVERNADICE Ar1D.L&NACETr1ENT Governing document The Charit is Controlled by itsgoveming attdcot)stitsJtsx an un]rrP0rattd charity. St2nding tommittee This is the only committte required by ]aw. It power to tr2Dsact the business of the PCC beThveen meetillg, subject to any diF¢Gtions given by the Council. Th¢ m¢tht5 are: Fr Mark. Stnith, Th¢ Rth,d SattdraGill, Mr lan Aycry, Miss J(Krlyu Sumner. fvlr Tow Co.¥, Mrs AveTV. NITS Angela Cox and Mrs Jwkie Edwards. The bankers are Cfropwdtiye BsineSS P O Box 250. De]f House. Southway, SLe1rnersde, Lanc&shire WN8 The IDdeperAdent Examiner is lan BaTrett of Barr 22 Ulli( Stree4 New#oTh Ablx>tTQ12 J? S. Recruitment and aPPDiDtmellt of Dtw trustees The method of appoinfrnent of PCC memb¢rs is set out in the Cjllwch R¢pre5entstion Ruks. Adminigtrative unforll¢l0m Kingsteigllton Parish Church is dedicated w Si Michxl. and is Sitt*d in ChuTch Stre4 Kingsieignton. li is part of the Diocese of Ex¢t¢r wqthin the Church ofEn4Iand. The correspondence address is The N'icarage, Dalys NIeajo. Kin8Aeigntor4 Devon TQI? 3UA The Parochial Church Council IPCCI is a corpDratE estsbli5hed by the Chwch of EnJand The PCC operates underth¢ Parochial Church Council Powers Measure. REFERENCE AND ADTrIILYISTIL4TIVE DETAILS Registered Charity I l?85?0 Principal #ddress The Vicat4<J¢ Daws Meadow Kingsreignton Devon TQ123UA Trnstees R¢N'd Dr M Srnith Incum1 & Chaimian Revd S Gill Curate -klrs S Gay Reader {resigned 31.3.L?) I AvEry 11.'zrdw Deanu). S0d MI J Sumner Il'ardw Vice Cl]air & Deanery sYd T Cox TreWer N Birt PCC member MTS A Cox PCC member MTS S E Avery PCC memEer MTS D Birt PC.C memb¢s MTS D Southall PCC m¢mb¢r Miss T BulloGke Secretsry Mrs J Edwards Co-opted PCC member MJS G Cox PCC mefflber J Joliffe PCC member [aP]nted 15.5221 J Sand¢ts PCC (appointed 15.i.22) Page 5
THE P C C OF THE ECCLFSIASTICAL PARISH OF ST MICH.4EL'S klNGSTIIGNTON WITH ST PETER & ST PAUL'SL TEIGNGRACE REPORT OF TIIE TRLSTEES for the TrearE[ed 31 Decemkr2ori REFERENCE AND ADMINISTIL4TIVE DETAIIS kndependent Examiner Ian Barrett Barrttts Chartered Accountants & Chartered Advisers 22 Uni¢x) Str¢el N¢wton Abbot Deyon ro12 ITS Approved by ordu Df IhE board of tTUStets on 16 Aptil ?0?3 aTLd 5iy]ed on its behalf by". Reyd Dr M Smith- Tmstee Page 6
INDEPENDEwf EXA.MINERS RF.PORT T.0 fHETRVSTEES.QF THE P C. C OF THE F.CCLE8IA8TICAL P&RISH OF ST MIC.HAEL'S klNGSTEiGNfoN WITH ST PETER & ST PAUL'SL TEIGNGRACE depeJKdeot exaleT'S report lo the trnstees of The P C C of the Etele5ia5til Parish f St Mitb2el's IngStegloll Ivith St Peter & St Paul'sl Teignoratt I report to the charlty bi]sttes on my examination of of The P C C of the E¢cksiastiea] Parish of St Michael'$ KiJ]gsteigryton ivith St Peler & St Paulsl Teiongrace (the TntI for theyear etyjed 31 December 2022. Resp)nsibilities 2nd basis of rep)rt As the charity trustees of the Trust you are resp)nsible for the Preparatio of the in 0rdn requirements of the Charities Act 2011 (IheA¢V). I report in respect of ]ny examination of the Trnsys a¢oymts carried ¢xrt under Section 145 of the.4ct atKE in canying OUÉ my exaniLation I bave followed all applicable DirectiorLS given bv the Charity Commission under Section 145(5Xb) of the Act. tndependent exatDiDer's statement I have completed my examirl0n. I confillll that no material mstters kn2 come ts) my atli0n in Connection with the examination giling mecause to ilieveal in any mat£rial accounting re¢ords Ere noi Lerrt in rcyLtofthe Trust a5 required by Section 130 of the A¢ or the accounts do noi &cord ivith th[ records" or the accounts th) t1 complv with the applicable requiremetts concernints the forni a))d content of a¢¢ounts set out in the chItieS (Aceounts and Rets1 Reouiii)ng (M)8 other than amy requiretnent thai the accounts give a true and fair view which 15 Ikot a matter ¢OELsidered Is part of indquileniex&ninatilML I have TLO concerns and have corne across no (4her matters in connection wtth the ex7m]nati to attention should be dtawn this rep)rt in order enable a proper W)d¢[ndIng of the awunts to be teacbed. lan BaTrett Bau¢tts Chattered Accountsnts & Chthered Tax Advisers 22 Union Street NewtotL Ablxrt TQI? 2JS
THE P C C OF THE ECCI.ESIAsfIc.4L PARISH OF ST KIICHAEL'S KtEGSTEIGNTO IwrH ST PETER & ST PAUL'SL TEIGNGRACE ATEMENT OF Ffr4ANCIAL AcrtvtrIF.S forthe Year Ended 31 Decernkr 2022 2022 Totsl flldS 2021 Totsl funds fid fid INcOlE AND ENDOITrTrIEfm FROIII Don&ioDS and legacies 89Jli ¥4463 171,964 101,980 Othertradtng ivities tnvesknent income 711 711 18J15 1,514 12,954 Total 8L442 190WO 116.448 EXPENDrruRE ON ChaTrtable acttvities General fund 89J99 11673 1(12.072 147,922 Net gaitLslllosses} on inv&%ltllent5 15&6831 62.944 ET P4COME/(EVKNDrruRE) 139.634) 6969 30XIS 31,470 REcofiCILIATION OTr FCINDS Total brought forward 851536 1.118m2 1,086532 TOTAL FUNDS CARIUED FORIYARD 811,12 1,148237 I,118.00 The form part of these fla1 sialements Page 8
THE P C C OF THE ECCLESIAgfieAL PARI8H OF ST MICHAEL'S ktNG%TEIGwfoN WITH ST PETER &.ST PAjJL'SL.TEIGNGRACE BALANC.E SHEET JI Dwember 2022 2022 Total fllnds 2021 Totsl fidS UnsIcted Restricred fijnd FLXED ASSETS Tangible assers Inyesthients 25SI 513,633 21K172 30&461 501,090 463J72 76&633 756,05 CURRENT ASSETS C&sh at bauk 3il,42 311174 364.225 CREDrroKs Arnounts fall due withit) e year (1690) (2J13) NET CURRENT ASSETS 34&73(1 30374 379.604 361912 TOTAL A&SETS LESS CURIIENr LIABILrriES 811 336J35 1.14&237 I,I18,002 4ET ASSETS s11,2 336J35 1,148237 1.118,(X)2 FUNDS UnTesrricted Restrict¢d funds 811.902 336J35 8il536 266,466 TOTAL FUNDS I,l48237 1,118,002 Tr fiDcIal ststetnents wete approval by the Board of Trstee5 and aUthoriS for i55ue w 16 April 2023 and were sI¢d on its behalf .: M Smith- Trl The notrs fonn part of these fu¢181 stateMts
TELE P f C OF THF. EC.fLE8IA8TICAL PARISH OF ST fvIICHAEL'S klNGSTEIGNTON IAIITH ST PETER & ST PAULSL TF.IGNGL4CE N.OTES TO THE FtNANC.IAL grATE[Es for the Ye2r Endai 31 DeceMr 201? AccouYrING POtJCIES Basis of preparing the fitL2ntial stalethetsts The financia] statements of the charity, which is a public benefjt entity under FRS 102. have been prepared in accordance with th¢ Charities SORP IFRS 102) 'AccouMRn8 sud Reportin¢ by Charities". Statement of Recornmended Practice applicable to chitits pTepaTino their ¥counts in accordance the Financial Resx)rting Sthttdard applicable in the LTK and Republic of Ireland jFRS Iff21 leffective l Jauary 2019),, Financial Reportillts Stslldard 10? The Finan¢ial ReTllIg Standard applicable in the UK and Republic of Ireland, and the C]witiei Act 2011. The rtnancial staTen))ts have IKen prepared under the histortcal cost convention, with the exception of investtllents Mljith are included at markd vaJu¢ as modified by the revaluation ofcertain &8sets. Income All income is recognised in the Stsitment of Financial .4clivities once the Chlty h&$ entitlemLI)t to the fvnds. li is probable that the income will k rec£ived aDdthe amolltlt cgn mthqured reiiabty. Expeoditu Liabililits ate re¢o2nised as expenditure as soon as there is a Iwl CotLStTtlve obligation committing the charity io that expenditure, it is pn)bable that a transftt of tCOTK)llFiC benefits be required ID settlement and the amount of the obligatioTr can be measured reliably. ExpenditUTe is a¢¢ounted for on an acerlLs t)asis and h&$ been cl&%sified under headitigs th aggregdre all COST ielased io Ihe category. Where costs caEubX be dirtctly attributcd to rArticular headi tbev have be all(kd to ¥tivities on a b&sis CODSiStent with the use of resources. Tangible fixed assets The freehold PrOrtY in¢lu(kd withio th¢ wgible assds is the Clturch IlalL This building i& not depreciate TaxAtion The charity is exempt from t&x on its clwitable activitie5. Fund accounting Unrestricted funds can be Lsed ID accordaDcewith the charitsble objerfives atthe discrelion of the trt¥t¢es. Rcstricted fi]nds can onty k used for ptICUlar restricted purpow Thithin the objects of clwifv. Restrictions aJise thn Splfied by the dthor orwhen funds are raised forparticularrestricted prrseS. Further explanation of the I)ats andpwofe&h fimd is induded in the Dotes to the financial *emenls. OTHER TRADING A1vlEs 2022 Fundrdisi 1.514 Page 10 continued...
THE P C C. OF THE ECCLESIASTICAL PARISH OF sr MICHAEL'S KINGSTEIGYfON WITH ST PETER & ST PAUL'SL TEIGNGRACE NOTF.S TO THE FINANC"IAL StAI'È.MEwrs- contin for the Year Ended JI Decernr 20? INVESTMETrrr INCOhlE 2022 2021 Dividends and Intest C.BF dividends (tria Dioeesel CBF interest 113 IIT24 117 15.193 1618 18J15 11954 TRLSTEES, REMiINEK4Tiof AND BENEFITS The tmrish orwist Mr I Avtry. ivho is a I[ste¢ aMI a meillbu of the PCC. pa¥J £42(X) (2021 200) duringthevear. Ntrs S Avery, ig algo atmgtee and mernlrofthe PCC., was rAid L? &g Church Hall Caretsk'er. No other pa)'rnents or weTe to any otheT PCC mernber. or rsOn Closely nneCtl to thejn or Ttlated parties. Trnstees. esPelJ5¢S There were no trusteeg oypenses paid for the year ended 31 Deceml£r 1022 nor for the year ended 31 Decem[ ?th21. COMPARATIVES FOR THE sfATEi¥IEYf OF FINANCiAL AcfTrTtIFS Lnrestrided Restricted fi]nd Total funds fimd INCOME.4ND ENDOWTrIENTS FROM Donations lewies 14,725 101,980 Other trading activiti&g Investme income 1.514 1.514 12.954 Totsl 101,723 116.448 tXPENDITIIRE ON Charitable activiti General fimd 89J44 i8,578 147.922 Net gains on invesnneh 62,944 NET IL¥COMEJ(EXPELYDITIIRE} 75J23 143.8531 31.470 RECONCILI.4TIOry OF FUNDS Total ft]nds brought foTW8rd 776213 310J19 1.086.532 TOTAL FtINDS CARRIED FORWARD 831.Si6 Tr66.466 1,118,002 Pag¢lE continued...
THE P C C OF THE ECCLESIASTICAI. PARISH OF ST MICHAEL'S KIT%GSTEIGNfoN WITH ST PETER & sr PAUL'SL TEIGNGRA NOTES TO THE FtNAT%CIAL AT£mEfs- c4)nti for the Ended l! Dffjwbgr2022 TAINGIBLE FIXTD ASSETS Freehold propety COST At l Janu 2022 and 31 December ?022 25S(M)O NET BOOIK VALIIE At 31 Decernber2022 2&qIKIO At 31 De¢ember2021 The PCC do not know the historic of the Church Hall but do noi fttl the curreni mwet vue is FEXED ASSET INVESTMENTS investments MARKET VALLT At l January 2022 AddÈtions Revaluation5 501.090 71226 (58,683) At 3 1 Decernber2022 513,633 NET BOOK N".4LUE At 31 tkcember 201? 514633 At il t)ttemir 2021 SOI.090 There wue no ¥¢stro¢DI &55ets outsi& the UK. Cost or Valuatio at 31 DeceTnlr 2022 is Tepresth by: Listed investments Valu10 in 2022 Pase i continued...
THE P C C OF THE_ E.CCLESIASTICAt. PARISH OF ST MICHAEL'S GSTE1GNT0IN WITH ST PETFR è ST PAiiSL_TEIGNGRAC.E NEOTES TO THE_FINAN.C:IAL STATEMENTS- conlll)ued_. for the yearEnd jI_DeMber 4022 C.REDITORS: AMOIINTS FALLING DUE WITIIIN ONE YEAR 2022 2021 her creditors 2.690 2J13 MOVEMEYT IN FUNDS Net mOVeellt filS At 31.12.22 At 1.1.22 UMre5tricted funds (ieneral fund 851536 (39,634) 811,902 R¢stri¢ted thnds RestricÉed 26A466 69*69 336J3S TOTAL FLTNDS I.IIS,IM)2 3023S 1,148237 N¢t mtsvemer5t in fun(Ls, included in the aFxive are as follows: lttcomtng GoÉns wd low$ Movement in funds Iorestriettd funds Genernl fund IO&448 {69J99) (s&6) (39.634} Re5trict¢d fullds Restricted (11673) 69069 TOTAL FUNDS (iOiOT2) (i&6831 JO235 Comparatives for moi'emtht ill Net mOV¢Tnent in fund5 At 31.12.21 Atl.1.21 Unrestricted funds G¢n¢Ta] fiu]d 851,536 Restricted funds Restricted 310J19 14),853} 266,466 TOTAL FUNDS 1,08Q53? il.470 1,118,(K)2 Page 13 continutd...
THF, P C C OF TEIE.ECCI,FSIASTICAL PARI8H OF 8T NIICHAEL'S KINGSTEIGNTON IVITH ST PLE ER ST PAUL'SL TEIGNGIi4CE NOTES TO THE FTfKANCIAL STATF.MENTS- continued forthe Year Ended 31 Decetnbei 21ry2 MOVE{ra IN FLWDS-toDtintted CornparatiVE net movement fun&, inclu¢kd in the abr>ve are follow Gains and losse5 Movement in fidS exFRded Unrestricted fid5 General fijnd 101.72J- 189J44) 62,944 75 J23 Restritted Restrided 14.725 158,578) {4J,853) TOTAL FUNDS 11fi448 (147.922) 62,9 31,470 io. RELATED PARTY DISCLOSUR&S The were no rel•ed party transxtions forthe year endts4 J l DecanFtr2021 Page 14
THE P C C OF THE ECCLESIA_STIC.4L P.4RISH OF ST MICH.4EL'S KINGSTEIfjNT.QN WITH ST PFfER & ST PAU IG DETAILED STATEfvffKf OF FtNTANCIAL AcrtvtTIF.S for tij_e Year EndEd 31 DecetnbeT 20?? 2022 202R tNCOME AND ENDOWMENTS Donations aDd legacies Gift 8id donations InCoMet rxov¢rable Collecti<)ns Other givin(r Restoration fund Ixga¢ies & lts ChurGh hall Wedding & funeral fees InsuM¢e ctairns & other inc(xne Illcot fTOm St Peter & St Paul 39328 17591 1.148 &957 529 39289 4,461 2,430 4,456 12295 25.038 6.515 6.637 859 IOJ69 11,041 1,761 81,1>40 171,964 101,980 Other trading artivities F1rdIS1g 711 knvestrnent iDeome DiVEdeIS and interest CBF dividends (via Di¢xesel CBF interest 113- 15.193 2ffi18 117 18JlS 12.954 Total iDcorning resources ]9 116.448 EXPET4DrruRE Cbarltsble aetThiÉics L ssionary & charitable 1[18 Commotk Fund Clergv expetjsts Costs of s¢rvi££s Rutl( costs Matntenance MajoT Wotks Church Ha]1 oartiStS salary Hand Ee115 and 0[ EDBF fe¢s R¢sth¢ted service5 AdministTatio Utilitie5 aLur¢hyard 5,ODO 47/79 2ffi21 1473 &767 6,529 46,847 3.284 270 1188 4,514 61.04 10309 6,873 160 2.626 2,530 750 774 8.070 675 3.978 6J91 6A74 IA30 2240 102,072 147.922 This pagedoe5 fjot form part ofthe staiulory finallGial 5tatetncurs Pe 15
THE P C C OF THE ECC.LESI.4sficAL PARISH OF ST LlItCHAEL'S KtNGSTEIGNfoN WITH ST PETER & ST PAUI'SL TEIGNGRACE DETAtLED STATEMNf OF FtP%.4NTCIAL AcfIvITIES fortho Yw End¢d 31 Pee.eml)er 2022 2022 2021 Total resourctt expended ioior2 147.922 Net income/(e3pnditure) 918 {31.4741 This p¢ do¢s not form part ofthe slabjtory finlat 5tatemeT Page 16