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_SthllcHaELE￿￿fjSTE[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 ECcLESL4￿cAL
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 P￿tICe
applicable to ch￿ttieS preparing their accounts in accordan￿ with Ihe Financial Re￿ting 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 reS￿nsibIlity for eTrope13ting with the inL7llnbenl Fr MaTk Smith, in
promoting in the ecclesiastical parith the whole mission ol the d)Ur¢￿ pastoraL eVa￿Ve115t1fy social and ecumenical. A
Church of England Fdfi5h ivithin the Diocese of Exeter, our main aclii'ities It￿]￿de iegulas w0￿h1p and prnier,
essin(T to the truth of the g￿& nems about J£sus Christ to the people of King5teionton ar￿ Tei.qJgrace. m￿bets are
active in I(￿a] (FovernmenL sch￿15 and chariiÉes. ￿ ciMJncillors: trustees aJKI governors Nhile healing, PTa}'er and
p&storal groups are all Gon¢emed Ivith ihe loc￿ £(￿M￿lity.
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 Incurni￿nt 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)geli*iq S￿la1 atMI e(y￿enICaL it provides a benefit
to the publi¢ by..
"Providing resources and facilities for public w￿lp. 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¢ t*n¢fit of
individuals and ￿]ety as a ithole".
ACHIEVEMENT AND PERFORMANCE
Cburcll attendaD¢e
There ore 78 parishioT*rs on ihe Church El￿ornI Roll, 21 of WI￿7 ￿ not ￿sIderI1 in the parish. During the p￿t year
we held setvices on Ziy)m and livestream¢d w F￿br)0k. Sunday atten￿e at these aboui 50. We
continue to offer hvbTtd s¢r%q¢es v4.ith people ¢trKKJsing io attnd in t￿On 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 n￿nbtr en82ge in daity morning an(Vor
evening prayeron Facebook.
Re)iew of the year- PCC
.The Partrhiaj Church Council met four ti￿e$ duTJng ?022 and the average attendance was 78010. The Standing
Cottunittee ]net bdween ￿tett￿gS w.here necessary and ￿]nuteS of their delittrations iyere r¢ceivcd by fi]11 PCC. and
discussed where necessary.
At each meeting time is s￿n[ on re￿t￿n￿ 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 KingSteIgn￿rn 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 EuL*9fisL 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 ComM￿lty (MC) W'otshtp
Largest Congrwtions.. Sunday 10.30am ELKth*ist in p￿￿￿taz(#)￿
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 promo*d 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 pande￿1¢.
Pastorn] Care in the Mission COmrn￿1ty
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)h￿t calls. Fa¢ctime and
loom meetings, has continued. This a livine ThTrkne55 to C￿]stian coMmtti￿eDt and it would be 2 major batkwÈrd
forthe MC if th•t iyas a retum to pre-Fendemic pallalls ofbEha*iour.
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 contill￿d 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 anyt￿llg from J to vThs e*h 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 Y￿r.
Le￿illg 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 c0tttri￿te to the nllJttitLg olthts major iniuativ¢ for childr¢n and
young fa￿llieS.
Fr Mark Continues to U[]d￿¢ Asse￿bI*S and class visits for St ￿tiChael'S Sch(x)l a￿1 th£ School regularly hold their
end ofieEftL 5eFv2ces in St Michaels Church.
A hi￿lIght 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 z￿n￿qlNrstre3m.
- 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 pr￿tiCe on Weththtsy eVeni￿g5 atMI are always happy to welcome new volunteers lo ring
on Sunday mornin￿.
The Choir continues to make & major conlTibulion fo the qI￿lty of singing in Church al￿ recentlv Te.started the singing
of the Irttroit hymn during the entry Pro￿lOn.
Communiry Ell￿emen1
The main activities in this regard h&ve hadth ￿ on lirrt and inclwle:
- increasing the arnount a￿d varietv of inform*ion available ￿lathe Xqission CommuDity web5it4
- cr￿Ing a publicl), available Facebcrt)k page for the fvlission Commun(ry:
- creating a publicly available YouTube ￿ge.
It is plaTll￿d by PCC that there should be a rwlar adVertI￿ffte￿ 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 Co￿bIned 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 t￿th chw¢1￿5 is £49.168 lor £946Aweek}, to whic14 of coutse, rt]nning a￿1
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 Tel￿￿a¢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 Tel￿gTace 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 publi5bl￿g 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 a￿d ho￿$]ng fly the clergi.. The sum that the chuTche5 in the
diocese have to find is shared knveen the ¢hurches accordi￿￿ lo a foThDula thst is based ￿ain15 on the head ￿uttt of the
¢ongregation and wtty oll the electoral roll.
The llet T￿Ult for the year w&% an exces5 of receiFrfs over pa!Trents of £ 19.049. Adding this surplus to the ba]an¢¢5 at
tILe beginning of thE y&ir and dedudints the loss on the vlaue of the Ènvesmients gives a figure of £811,902 b#lan¢e on
ttke unrestricted fulld at 31 Decejnkr 2022.
Thr iTrcowTr¢ for thcyw irKludc5 the bank a￿d inve5tmcnts ithr(xluced from St Pel¢r and St Paul Teign8fdC¢.
Reseryu p￿1
It is PCC wlicy to maintain a balance on ￿)restrICted s￿d$ 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]r￿rP0rattd 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 B￿sineSS P O Box 250. De]f House. Southway, SLe1rnersd￿e, 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). S￿￿0d
MI￿ J Sumner Il'ardw Vice Cl]air & Deanery sY￿d
T Cox Tre￿Wer
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 exa￿l￿eT'S report lo the trnstees of The P C C of the Etele5ia5ti￿l Parish *f St Mitb2el's
I￿ngSte￿g￿loll 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 Tn￿tI 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 ￿0rd￿n￿
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 examir￿l0n. I confillll that no material mstters kn2￿ come ts) my at￿li0n in Connection with the
examination giling mecause to i￿lieve￿al 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) t￿1 complv with the applicable requiremetts concernints the forni a))d content of a¢¢ounts set out
in the ch￿ItieS (Aceounts and Re￿￿ts1 Reoui*ii)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 KtE*GSTEIGNTO
IwrH ST PETER & ST PAUL'SL TEIGNGRACE
ATEMENT OF Ffr4ANCIAL AcrtvtrIF.S
forthe Year Ended 31 Decernkr 2022
2022
Totsl
fll￿dS
2021
Totsl
funds
fi￿d
fi￿d
INcOl￿E 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)
69*69
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 f￿￿￿la1 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
fi￿dS
Un￿s￿Icted
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 fiD￿cIal ststetnents wete approval by the Board of Tr￿stee5 and aUthoriS￿ for i55ue w 16 April 2023 and were
sI￿¢d on its behalf ￿.:
M Smith- Tr￿l
The notrs fonn part of these fu￿¢181 stateM￿ts

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￿[E￿s
for the Ye2r Endai 31 DeceM￿r 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 ch*itits pTepaTino their ¥counts in accordance the Financial
Resx)rting Sthttdard applicable in the LTK and Republic of Ireland jFRS Iff21 leffective l Ja￿uary 2019),,
Financial Reportillts Stslldard 10? The Finan¢ial ReT￿llIg 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 Ch￿lty 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 ￿ CotLStT￿tlve 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 acerl￿Ls 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 PrO￿rtY 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 p￿tICUlar restricted purpow Thithin the objects of clwifv. Restrictions
aJise thn Sp￿lfied by the dthor orwhen funds are raised forparticularrestricted p￿rr￿seS.
Further explanation of the I)ats￿ andpwofe&h fimd is induded in the Dotes to the financial **emenls.
OTHER TRADING A￿1v￿lEs
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 Decern￿r 20?
INVESTMETrrr INCOhlE
2022
2021
Dividends and Inte￿st
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 mernl*rofthe PCC., was rAid L? &g Church Hall Caretsk'er.
No other pa)'rnents or weTe to any otheT PCC mernber. or ￿rsOn Closely ￿nneCt￿l 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£mE￿fs- 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 mw*et v￿ue 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)ttemi*r 2021
SOI.090
There wue no ￿¥¢stro¢DI &55ets outsi& the UK.
Cost or Valuatio￿ at 31 DeceTnl*r 2022 is Tepresth by:
Listed
investments
Valu￿10￿ 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_D￿eMber 4022
C.REDITORS: AMOIINTS FALLING DUE WITIIIN ONE YEAR
2022
2021
her creditors
2.690
2J13
MOVEMEYT IN FUNDS
Net
mOVe￿ellt
fi￿lS
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 fi￿dS
exFRded
Unrestricted fi￿d5
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
Illco￿t 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
F￿￿1rdIS1￿g
711
knvestrnent iDeome
DiVEde￿IS 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
Rut￿l￿(￿ costs
Matntenance
MajoT Wotks
Church Ha]1
o￿artiStS 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
6*75
3.978
6J91
6A74
IA30
2240
102,072
147.922
This pagedoe5 fjot form part ofthe staiulory finallGial 5tatetncurs
P￿e 15

THE P C C OF THE ECC.LESI.4sficAL
PARISH OF ST LlItCHAEL'S KtNGSTEIGNfoN
WITH ST PETER & ST PAUI'SL TEIGNGRACE
DETAtLED STATEM￿Nf 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 fin￿￿lat 5tatemeT
Page 16