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2024-12-31-accounts

The Parochial Church Council of the Ecclesiastical Parish of Paignton Registration Number: 1128706

Annual report of the Parochial Church Council for the Year Ended 31[ST] December 2024

The Parochial Church Council of the Ecclesiastical Parish of Paignton Working Name: Paignton Parochial Church Council Reg No: 1128706

Annual report of the Parochial Church Council for the year ended 31[ST] December 2024

Aim and purposes

The Parochial Church Council (PCC), in accordance with the PCC (Powers) Measure, has the responsibility of cooperating with the incumbent, the Reverend Neil Knox, in promoting the whole mission of the Church, pastoral, evangelistic, social and ecumenical. The PCC is also specifically responsible for the maintenance of the Churches and church halls.

Objectives and Activities

The PCC is committed to enabling as many people as possible to worship and to become part of the parish community. Committed to making Christ known, the PCC maintains an overview of worship throughout the parish and makes suggestions on how services can involve the many groups that live within the parish. The services and worship put faith into practice through prayer and scripture, music and sacrament.

We try to enable people to live out their faith as part of our parish community through:

To facilitate this work, the PCC is also specifically responsible for the maintenance and fabric of its church’s and church halls.

The PCC endeavours to maintain a level of giving to missionary or charitable causes both within and outside the parish.

Significant preparatory work has been completed in 2024 for the following activities that will be completed or initiated in 2025:

Some of the parish achievements in 2024 included:

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The Parochial Church Council of the Ecclesiastical Parish of Paignton Working Name: Paignton Parochial Church Council Reg No: 1128706

Annual report of the Parochial Church Council for the year ended 31[ST] December 2024

REPORTS

Parish Electoral Roll

The Parish Electoral Roll for 2023 was 103. Number of participants (attending at least once a month) was 115. Attendance figures increased significantly at major festivals.

Financial Review

The total receipts on unrestricted funds amounted to £120,829 and are detailed in the financial statements: designated income was £Nil and restricted income amounted to £55,816. Total income £176,645. Total unrestricted expenditure was £120,817 showing an excess of unrestricted income over expenditure of £12.

At 31st December 2024, fixed assets were valued at £236,876, debtors and prepayments £16,336, short-term deposits £408,692, cash at bank and in hand £11,405 with liabilities of £5,294, giving total assets of £673,375.

Fabric Report

In accordance with the requirements of the Ecclesiastical Jurisdiction and Care of Churches Measure 2018, Section 50, the churchwardens completed an inspection of the fabric of the church and all articles appertaining to the church and reported it to the PCC.

During 2024 the parish had no churchwardens from 31[st] August - 17[th] November 2024. Whilst considerable work had been completed during the first 6 months of the year, ongoing fabric deterioration, items reaching end of life status and general equipment failure resulted in many scheduled fabric repairs or replacements being temporarily paused including tackling the extensive urgent items listed on the Quinquennial Inspection reports; all will need addressing in Summer/Autumn 2025.

Furniture and Fittings

St John’s Church

3

The Parochial Church Council of the Ecclesiastical Parish of Paignton Working Name: Paignton Parochial Church Council Reg No: 1128706

Annual report of the Parochial Church Council for the year ended 31[ST] December 2024

Coverdale Hall

The PCC obtained reports from the fire service and architects which all indicated the hall was considered to be beyond realistic economic repair and the PCC agreed to close it to hirers from July 2025. Different options for its future use and potential demotion and rebuild, as previously approved in 2006, will be explored during 2025 in consultation with Historic England and the local council for potential joint venture using shared funding.

St Boniface Church

Churchyard and Grounds Maintenance

St John’s Church

4

The Parochial Church Council of the Ecclesiastical Parish of Paignton Working Name: Paignton Parochial Church Council Reg No: 1128706

Annual report of the Parochial Church Council for the year ended 31[ST] December 2024

Safeguarding

During the period covered by this report the PCC has fully complied with its duty to have regard to House of Bishops’ guidance on safeguarding children and vulnerable adults. The PCC endorses the Exeter Diocesan Policy for the Safeguarding of Children and Vulnerable Adults, appoints a Parish Safeguarding Representative(s) and requires DBS disclosure for all persons working with children or involved in regular visiting to the sick or elderly.

Deanery Synod

Report on the proceedings of the Parochial Church Council 2023

The full PCC met 11 times during the year with an average level of attendance of 85%.

Worship and Prayer

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The Parochial Church Council of the Ecclesiastical Parish of Paignton Working Name: Paignton Parochial Church Council Reg No: 1128706

Annual report of the Parochial Church Council for the year ended 31[ST] December 2024

Other activities within the worshipping life of the parish include:

Staffing

Pastoral

Parish Communication Media and Socials

Mission, Evangelism & Fellowship

At St John’s Mission, Evangelism & Fellowship activities included some of the following:

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The Parochial Church Council of the Ecclesiastical Parish of Paignton Working Name: Paignton Parochial Church Council Reg No: 1128706

Annual report of the Parochial Church Council for the year ended 31[ST] December 2024

Outlook Shop

Paignton Parish Choir

Schools

Ecumenical Relationships

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The Parochial Church Council of the Ecclesiastical Parish of Paignton Working Name: Paignton Parochial Church Council Reg No: 1128706

Annual report of the Parochial Church Council for the year ended 31[ST] December 2024

Volunteers

Flowers

Bell ringers

Administrative Information

The Ecclesiastical Parish of Paignton includes the Parish Church of St John the Baptist situated in Church Street, Paignton and the daughter church of St Boniface situated in Belfield Road, Paignton. The correspondence address is The Parish Office, The Vicarage, Palace Place, Paignton, TQ3 3AQ. The working address for the Parochial Church Council (PCC) is Paignton Parish Church, Church Street, Paignton.

Principal Bankers: CAF Bank Ltd, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent. E19 4JQ. Independent Examiner: Ian Barrett, Barretts Chartered Accountants, 22 Union Street Newton Abbot Devon TQ12 2JS.

PCC members (trustees) who have served from 1st January 2024 until the date this report was approved are:

Ex Officio Members

  1. Incumbent: Father Neil Knox

  2. Associate Priest (Pioneer) Revd Laura McAdam (from 10 September 2024)

  3. Robert Scarrott (Churchwarden from 17[th] November 2024)

  4. John Jackson (Churchwarden from 17[th] November 2024)

  5. Jill Davies (Deputy Churchwarden from 17[th] November 2024)

  6. Luke Appleton (General and Diocesan Synod Rep)

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The Parochial Church Council of the Ecclesiastical Parish of Paignton Working Name= Paignton Parochial Church Council Reg No: 11287Q6 Annual report of the Parochial Church Council for the year ended 31- December 2024 Elected Members l. James Devonport (Lay Vice Chair and Treasurer) Ruth Bridge 3. Moira Devonport 4. Jennie Litt i. Debbie Hosking 6. Chris Bridge 7. Roger Rayner IDeanery Synod) 8. Juliet Trapp (from May 2024 on Deanery Synodl Kenneth Nichols IResiEned 9 November 20241 Carol Friend (Deputy Churchwardenl (term ended 28 April 20241 Structurei governance and management The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC was a charity excepted from registration with the Charity Commission prior to formal registration on 20, March 2009. Churchwardens are elected annually at the Annual Meeting of Parishioners which precedes the Anllual Parish Church Meeting. PCC members are appointed as set out in the Church Representation Rules ICRRI 2022. All ChLJrch attendees at the two Churches in the Parish are encouraged to register on the Electoral Roll and to stand for election to the PCC. At the Annual Church Meeting up to two Deputy Church Wardens lunder CRR M15111 lel & M341 are appointed at the Parish Church. The PCC officers including the Secretary. Treasurer, an Electoral Roll Officer and Standing Committee are elerted at the first PCC meeting following the Annual Parochial Church Meeting. The PCC endorses the Exeter Diocesan Policy for the Safeguarding of Children and Vulnerable Adult5, appoints a Parish Safeguarding Representativelsl and requires DBS disclosure for all PCC members, persons working with children or involved in regular vislting to the sick or elderly. The PCC meets regularly through the year. A Standing Committee, consisting of Vicar. Churchwardens Deputy Churchwarden and the Treasurer is empowered to deal with any urgent matter between meetings ofthe PCC. Reverend Neil Knox Incumbent & PCC Chair James Robert Devonport Lay Chair and Treasurer

The Parochial Church Council of the Ecclesiastical Parish of Paignton Working Name= Paignton Parochial Church Council Reg No: 1128706 Annual report of the Parochial Church Council for the year ended 31,, December 2024 Independent Exarninerfs Report to the Trustees of The Parochial Church Council of the Ecclesiastical Parish of Paignton I report on the accounts of the charity for the year ended 31" December 2023, which are set out on Pages 11 to 20. Responsibilities and basis of the report As the charity trustees of the Church you are responsible for the preparation of the account5 in accordance with the requirements of the Charities Act 2011 1.the Act"). I report in respect of my examination of the Church's accounts carried out under section 145 of The Act and in carrying out my examination I have followed all the applicable Directions giveri by the Charity Commission under section 14515llbl of the Act. Independent examinerfs stutement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. l. Accounting records were not kept in respect of the Church as reqLJired by section 130 of the Act.. or 2. The accounts do not accord with those records.. or 3. The accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities IAccounts & Reports) Regulation5 2008 other than any requirement that the accounts give a ~true and faiff view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matter5 in connection with the examination to which atterbtion should be drawn in thi5 report in order to enable a proper understanding of the accounts to be reached. lan Barrett FCA FCIE Barretts Chartered Accountants 22 Union Street Newton Abbot TQ12 2JS Dated 9, May 2025 io

The Parochial Church Council of the Ecclesiastical Parish of Paignton Working Name: Paignton Parochial Church Council Reg No: 1128706

Annual report of the Parochial Church Council for the year ended 31[ST] December 2024

STATEMENT OF FINANCIAL ACTIVITIES (SOFA)

Not
e
Income and Endowments from
Voluntary receipts
2a
Activities for generating funds
2b
Church activities
2c
Investment income
2d
Total Income
Expenditure on
Raising Funds
3a
Church activities
3b
Total Expenditure
Net Income/(Expenditure)
before
investment gains/(losses)
Net gains/(losses) on
investments
5
Net Income/(Expenditure)
Transfer between funds
Net movement in funds
Total funds brought forward
Total funds carried forward
Unrestricted
Funds
£
Designated
Funds
£
Restricted
Funds
£
TOTAL
2024
£
TOTAL
2023
£
66,632
3,460
31,666
19,071
-
-
-
-
55,816
-
-
-
122,448
3,460
31,666
19,071
111,377
5,029
33,776
15,624
120,829 - 55,816 176,645 165,806
943
119,874
-
-
-
10,712
943
130,586
1,435
160,971
120,817 - 10,712 131,529 162,406
12
5,161
-
-
45,104
233
45,116
5,394
3,400
13,908
5,173
(520)
-
-
45,337
520
50,510
-
17,308
-
4,653 - 45,857 50,510 17,308
475,412 - 147,453 622,865 605,557
480,065 - 193,310 673,375 622,865

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The Parochial Church Council of the Ecclesiastical Parish of Paignton Working Name: Paignton Parochial Church Council Reg No: 1128706 Annual report of the Parochial Church Council for the year ended 31ST December 2024 BALANCE SHEET ASAT31 DECEMBER 2024 Unrestrirted Restrirted TOTAL TOTAL Funds FuThds 2024 2023 Note FIXED ASSErs Tangible Assets Investments 3.149 223.311 226.460 3,149 233,727 236,876 4.198 228,334 232,532 10.416 10,416 CURRENT ASSEfs Debtors and prepayments Cash on deposit Cash at bank and in hand 21,696 21,696 16,336 225.798 11,405 182,894 408.692 11.405 372,333 10.374 258.919 182.874 441,793 399,043 CREDITORS . amounts falling due within one year 15.2941 15.2941 18,7101 NET CURRENT ASSETS 253.625 193.310 436.499 390,333 TOTAL ASSETS LESS CURRENT LIABILITIE5 ASSETS 480,065 193,310 673,375 622,865 480.065 193,310 673,375 622.865 REPRESENTED BY PARISH FUNDS Unrestricted Restricted 480,065 193,310 673,375 475,412 147,453 622,865 Approved by the PCC on 15, March 2025 and 51Ened on its behalf by Reverend Neil Knox Incumbent & PCC Chair James Robert Devonport Lay Chair and Treasurer 12

The Parochial Church Council of the Ecclesiastical Parish of Paignton Working Name: Paignton Parochial Church Council Reg No: 1128706

Annual report of the Parochial Church Council for the year ended 31[ST] December 2024

Notes to the Financial Statements for the year ended 31[st] December 2024

1. ACCOUNTING POLICIES

The Financial Statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable standards and the Charities (SORP 2019).

The Financial Statements have been prepared under the historical cost convention, except for investment assets which are shown at market value. The Accounts include all the transactions, assets and liabilities for which the PCC is responsible in law. They do not include accounts of church groups that owe their affiliation to another body, nor those that are informal gatherings of church members.

Fund Accounting

Endowment funds are funds, the capital of which must be retained either permanently or at the PCC’s discretion; the income derived from the endowment is to be used either as a restricted or unrestricted income funds depending upon the purpose for which the endowment was established in the first place.

Restricted Funds comprise (a) income from endowments which is to be expended only on the restricted purposes intended by the donor and (b) revenue donations or grants for a specific PCC activity intended by the donor. Where these funds have unspent balances, interest on their pooled investment is apportioned to the individual funds on an average balance basis.

Unrestricted funds are income funds which are to be spent on the PCC’s general purposes.

Designated funds are general funds set aside by the PCC for use in the future. Project funds are designated for particular projects for administration purposed only. Funds designated as invested in fixed assets for the PCC’s own use abated in line with assets’ annual depreciation charges in the SOFA. Designated finds remain unrestricted and the PCC will move any surplus to other general funds.

Income

Planned giving, collections and similar donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and legacies are accounted for when the PCC is entitled to the use of the resources, their ultimate receipt is considered reasonably certain and the amounts due are reliably quantifiable. Dividends are accounted for when declared receivable, interest as and when accrued by the payer. All incoming resources are accounted for gross.

Expenditure

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocese parish share expected to be paid over is accounted for when due.

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The Parochial Church Council of the Ecclesiastical Parish of Paignton Working Name: Paignton Parochial Church Council Reg No: 1128706

Annual report of the Parochial Church Council for the year ended 31[ST] December 2024

All other expenditure is generally recognised when it is incurred and is accounted for gross.

Fixed assets

Consecrated and benefice property is not included in the accounts in accordance with s.10(2)(a) and (c) of the Charities Act 2011.

Movable church furnishings held by the vicar and the churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the church’s inventory, which can be inspected (at any reasonable time). For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not included in the financial statements. Subsequently no individual item has cost more than £1000 so all such expenditure has been written off when incurred.

Due to the age of the building, no cost information is available for the St John’s Church Hall, or St Andrews Community Centre, so both properties are included at a deemed cost of £1.

Investments are valued at market value at 31 December 2024.

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The Parochial Church Council of the Ecclesiastical Parish of Paignton Working Name: Paignton Parochial Church Council Reg No: 1128706

Annual report of the Parochial Church Council for the year ended 31[ST] December 2024

2. Income and Endowments from

2a
Voluntary receipts
Tax efficient planned giving
Income tax recovered
Collections at services
Legacies
Non-recurring donations and appeals
2b
Activities for generating funds
Fundraising
2c
Church activities
Statutory fees- weddings, funerals etc.
Gross Income - Church Centre lettings
2d
Investment income
Bank and CBF Deposit Fund Interest
TOTAL INCOME
Unrestricted
Funds
£
Designated
Funds
£
Restricted
Funds
£
TOTAL
2024
£
TOTAL
2023
£
37,576
7,717
5,262
7,000
9,077
-
-
-
-
-
-
-
-
-
55,816
37,576
7,717
5,262
7,000
64,893
52,239
8,790
6,390
24,919
19,039
66,632 - 55,816 122,448 111,377
3,460 - - 3,460 5,029
3,460 - - 3,460 5,029
4,880
26,786
-
-
-
-
4,880
26,786
6,716
27,060
31,666 - - 31,666 33,776
19,071 - - 19,071 15,624
19,071 - - 19,071 15,624
120,829 - 55,816 176,645 165,806

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The Parochial Church Council of the Ecclesiastical Parish of Paignton Working Name: Paignton Parochial Church Council Reg No: 1128706

Annual report of the Parochial Church Council for the year ended 31[ST] December 2024

3. Expenditure

3. Expenditure
3a
Raising funds
Cost of fetes
3b
Church Activities
Missionary and charitable giving
Home :
Choral Tradition
Warm Spaces
St Boniface Outreach
St Boniface Community Garden
British Legion
Messy Church
Easter Holiday Club/Easter Trail
Mummy and Me
Christian Aid
Flower Fund
Christingle (Children’s Society)
Turkey/Syrian Earthquake Appeal
Bishops’ Discretionary
General Outeach
NightShelter
Churchwarden Gift
Ministry: Diocesan parish share
Other ministry costs
Maintenance
Printing and stationery
Insurance
Light, heat and water
Honorarium/admin costs
Depreciation
Examination of annual accounts &
legal costs
Total Expenditure
Unrestricted
Funds
£
Designated
Funds
£
Restricted
Funds
£
2024
£
2023
£
943 - - 943 1,435
943 - - 943 1,435
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
54,148
13,217
15,538
2,210
11,861
16,608
4,153
1,049
1,090
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
585
-
60
-
235
6
-
690
39
664
-
-
223
96
1530
81
-
-
6,503
-
-
-
-
-
-
585
-
60
-
235
6
-
690
39
664
-
-
223
96
1530
81
54,148
13,217
22,041
2,210
11,861
16,608
4,153
1,049
1,090
495
1,000
86
421
-
9
40
990
-
169
98
425
-
-
-
-
52,899
12,829
49,277
1,724
11,269
19,993
7,538
1,049
660
119,874 - 10,712 130,586 160,971
120,817 - 10,712 131,529 162,406

16

The Parochial Church Council of the Ecclesiastical Parish of Paignton Working Name: Paignton Parochial Church Council Reg No: 1128706

Annual report of the Parochial Church Council for the year ended 31[ST] December 2024

4. Tangible Assets

Accrued/deemed cost
At 1 January 2024
Disposal
Additions at cost
At 31 December 2024
Depreciation
At 1 January 2024
Withdrawn on disposal
Charge for the year
At 31 December 2024
Net book value at 31 December 2024
Net book value at 31 December 2023
St John's
Parish Hall
£
St Andrews
Community
Centre
£
Office
Equipment
£
TOTAL
£
1
-
-
1
-
-
5,245
-
-
5,247
-
-
1 1 5,245 5,247
-
-
-
-
-
-
1,049
-
1,049
1,049
-
1,049
- - 2,098 2,098
1 1 3,147 3,149
1 1 4,196 4,198

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The Parochial Church Council of the Ecclesiastical Parish of Paignton Working Name: Paignton Parochial Church Council Reg No: 1128706

Annual report of the Parochial Church Council for the year ended 31[ST] December 2024

5. Investments

. Investments

5682.35 Investment fund
3689 M & G Charitable fund
26 shares CBF investment
fund
450.47 Investment fund
1375 CBF Inc Shares
225.23 shares Fabric Fund
Market Value
at 1 January
2024
Purchases Disposals Market
revaluation
Market value
at 31 December
2024
128,453
52,936
588
10,183
31,082
5,091
-
-
-
-
-
-
-
-
-
-
-
-
2,940
1,380
13
233
711
117
131,393
54,316
601
10,416
31,793
5,208
228,333 - - 5,394 233,727

450.47 investment fund is restricted and is for the repair and maintenance of the fabric of St John the Baptist Church and churchyard. The market revaluation has been shown as restricted.

6. Debtors and Prepayments

Gift Aid to claim Other debtors

2024
2023
£
£
18,000
15,000
3,696
1,336
2024
2023
£
£
18,000
15,000
3,696
1,336
21,696 16,336

7. Creditors amounts falling due within 1 year

Fees due to Exeter Diocese
Money received on account
Sundry accruals
Loans from Parishioners
2024
£
2,526
-
2,768
-
2023
£
4,007
2,000
1,703
1,000
5,294 8,710

18

The Parochial Church Council of the Ecclesiastical Parish of Paignton Working Name: Paignton Parochial Church Council Reg No: 1128706

Annual report of the Parochial Church Council for the year ended 31[ST] December 2024

8. Restricted Funds

Fabric
Outreach
Legacies
Youth
Sundry
Other charitable appeals
Mission
Friends of Paignton
Parish Church
At 1
January
2024
Income Expenditure Transfers Investment
gains/
(losses)
At 31
December
2024
19,616
77,321
5,700
23,201
173
4,289
524
16,629
19,898
34,500
-
-
552
866
-
-
(6,503)
(1,437)
-
-
(744)
(2,028)
-
-
-
-
-
-
20
500
-
-
233
-
-
-
-
-
-
-
33,244
110,384
5,700
23,201
1
3,627
524
16,629
147,453 55,816 (10,712) 520 233 193,310

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The Parochial Church Council of the Ecclesiastical Parish of Paignton Working Name: Paignton Parochial Church Council Reg No: 1128706

Annual report of the Parochial Church Council for the year ended 31[ST] December 2024

9. Staff Costs

Average number of employees

1 1

No employee received emoluments in excess of £60,000 during the year (2023 Nil)

10. Transactions with Trustees

During 2024 the PCC received £8,081 in donations from trustees (PCC members) and their close relatives. The donors did not attach any conditions to their gifts which required the charity (PCC) to significantly alter the nature of its existing activities.

20