St Paul's Church, Honiton
Financial Statements of the
Parochial Church Council
For the year ended
31 December 2023
Charity number 1128921

St Paul's Church Honlton - 1128921
Finanual statemerts olth• Parochial Chureh Council
For the y•ar ended 31 December 2023
Pag•
PCC Annual Rekxjrt
Statement of Financial A¢tivities
8818nce Sheet
Incorning Res￿rrES
ResourrM EX￿nded
7-15
Notes to the Financkgf Statement5
16
IndepeThJent Exarni￿r.$ Rekx)rt

St Paul's Church Honlton- 1128921
Trustees Annual Rèport
for the ￿#r ènded 31 Dec•mb•r 2023
Admini$trativ• Information
St. Paul's Church is situated in Ihe centre ol Honit¢)n and is port ol the Dw8e of Exeter within the Church ol ErrfJland. The
cor￿spOndence address is St Paul's Parish Offi￿. 99 Hlgh Street. Honiton, Devon Exf4 IPG.
A5m and Purposes
St P8uI's par￿h￿41 Church Counal IPCCI h8S the responsibility of w-operating with the incumtEnt. the Revd. Preb. Sue Roberts, in
promoting, in the ec¢lesiastul p8r4sh. the Who￿ mission of the church pastoral. evangel￿#1, sCC181 and ecumenic81. It also has
Maintenan￿ responsibilities for St Mlchael's Lrx*e aThJ the Mackarne8s Hall in Honltcx) and the graveyards at St Michaefs, Honilr
and at Monkton.
Structure, Governan¢• and Management
St Paul's Churth is a registered chwity Ino. 11289211 and the members of the PCC are also the trustees. The PCC ts a body
corporate IPCC Power¥ Measure 1956, Church Representslion Rules 20061. The PCC members are responsible for making
decisitsns on 811 rnatters ol gener81 concern and imrortan¢e to the parish includin9 de¢iding on how the funds ol the PCC are lo be
spent. PCC members are ele¢ted by member5 of the congregation, who are on the elector81 roll ol the Church, 8t the AThnual P8rish
Church Meeting IAPCMI in accord8nce with the Church Representation Rules. During the pericxj 1 Janu8ry 2023 until the date this
report was 819ned, the followiro seNed os rnembers ofthe PCC..
EX.offlK￿ members..
Incumbent 8nd Chaiman
Team Vrar
Churchwarden and Vi¢e-Chaitman
Seciet8ry
Deanery Synod Repre6enlatives
Rev. Preb. Sue Roberts
Rev. Tracey Voysey
Dunc&n Geale
Deborah Chapmon
Suzanne Henville
Felicrty Stead
James Wilkin50n
(until APCM 2025)
(until APCM 20231
(from July 20231
Elected membors..
Treasurer
Emily Wilkinson
Joann8 Foreman
J8n Geale
Suzanne Henville
Catherine Lee
Felicity Stead
Belinda (Lynl Thatcher
lunlil APCM 20261
lunlil APCM 20241
(until APCM 20251
(until APCM 20261
(until APCM 20261
lunlil APCM 20231
(until APCM 20261
The PCC woYk5 through the fdlowing working groups."
Finance and Stèwardship worting gro￿ - which oversees thg genwal finance dimension of the work at Sl Paul's by mMitoring
in¢orne and eXpe￿Ilure, budgeting and c￿ordInatIng the 8nnual review of Christian Stewardship of money through pL9nned giving.
Eco ChurGh working group- having registered St P5uI's with Eco Church in November 2018 and received its 8¥onze Award itt 2023,
the working grojp wnts'nues lo look at ways in which can better care for God's earth in the areas of Worship and Teaching,
Management ofchurch Buildings Land, Communty Global Engagement and Lrfe6tyle.
cl?￿St(¥y Windows b5v￿Ing group-
group lo plan and raBe funds for the urgent repair WO￿ required to the ckrestLry wind(ws
and iesulling dwnage to the rn8sonry of the church, particulaty in the Narthex and on the west side of the chur¢*.
These working groups are responsible to Ihe PCC and reprxt b8¢k to it regulgrfy with minutes ol their deliber8ti0115 being re¢eived by
the fvll PCC and dis(xssed 88 necessary.
ObJeetive$ and Actlvlths
The PCC is commrtted to enabling as ma￿Y people as possible to take part in worship and olher adivities at our chui¢h and to
becorne pèrt of the p8rish ¢ommunrty at St. Paul's. Our servi￿8 and W￿shIp aim to put faith into practice through prayer and
$￿pture, rnu8￿ and sacrament. TI￿re We￿ 68 pwi%hioners on the Electorol Roll.
When plarTning our actwities foi the year, the incumt*nt and the PCC c0nskler￿l the Commission's guid8r1¢8 on public benefit and
in particular. the specttic guidan￿ on ¢horith"es for th8 8dvarKement ol religK)n. In parti¢ular, we try to enable peO￿e to INe out t￿1r
fath as part of our p8rish communty through..
Worship and w8yer'. leaming about the Gospel,. and develO￿ng their kn￿￿edge and trust in Jesus
Provi5ioN of p8Storal care for people living in the parish and
Mi88Dn and outreach work
Achievements and Performanc•
W0￿h￿p. Prayerand Outr88¢h
The PCC aTe keen to offer a range of 5ervice8 during the week and over the coutse of the year that community lind b)th
benelicwl 8nd sp￿itUallY luifilling. All are welc¢Jne to attend our 8ervi¢es, detsi15 of whicth ¢8n be tound on the parish websile..
.honit

St Paul's Church Honiton- 1128921
Tr1￿*ee$ Annual Report
for the year ended 31 December 2023
Achievements and Porforma￿e conL
As well 8$ our regular services, we enable our community lo ce￿tsrate thank God at the milestones d the joumey th¥ough life.
Thrwgh bapli%m we tt)8nk God for the gift of life, in marria￿ publ¢c vows are exchanged with God's blessing and through funeral
servi￿$ friends and farn1￿ exwess tr*ir grief ar￿ give thanks for the lrfe whith is now LX)mplete in thi8 workl and to commend the
person into Gods keeping.
Other areos of outr8a¢h include Coffee Moinings on Saturdays and Tuesdays, regular sea8rxtral actNlties & worship aimed 8t
families and young people, developing links with one of the state pfirn8ry Schools in the town. a Week￿ wayer group, and a Prayer
Ch8in. Th8 dergy and lay mernbers of the church visit local retirement and nursing h(Thes on 8 regular basis.
Together %*ith the Ottr￿r wishe5 01 the Missfon Community. we again ran a Rest and Refreshment tent al the Honiton Show which
was very well r￿1Ved by the public. The Parish Otfice crmlinues to be staffed for 3 momings e8ch week.
In the surnmer of 2023, the Revd Tracey Voysey was li(ensed as an Interim Minister to the Mission Community, ￿1h s￿ryf
r85Pgnsibilty for extendirKJ St Paul's rnission and outreach, and developiThJ a n8w intergenerational congregatlon to be 8 part of
the con)munity of St Paul's.
In January 2019 St M￿hael'S Church was transferred to th& e8r8 tsf the Dwse ol Exeter. The PCC'S current respon$￿>11itY is to
CaTry Olrt weekly in$pections, iepyxting to the Diocese 8$ necessary.
Financial Re￿*W
Total incorne increased to £102.719 and planned giving stsyed fairly static. Intxme induded ur*re8tricted legwes of £20,125. Td81
8xpenditure was £124,190, wh￿h included a totsl of £9,950 spent on repairs to the Mackarness Hall, and 8 futher £8.466 or
unrestricted legacies spent on redertsating the holl. The result f¢￿ th8 year. after induding ga¢n8 on investmerts. W86 a loss of
income over expenditure of £18,727.
In additK)n to expenditure of unrestrided leg￿leS on the Mackamess Hall, £6.290 w8s transferred from general funds lo the
Mackamess Hall Funij. This was undertaken to ensu￿ Ihè h811's viability as a lulure source d funds for the church. £10,000
unrestricted legacies was also transferred frixn g8neTrl fuTrds to CTeate a new Outreach Fulld Iflesignatedl lo support Revd Voy5ey's
assigned responsibilities. The balance. after including trensfets, held in unrestncted luThls and cwried forward 81 31 December,
decre88ed to £240.364. Total lund5 arnounted to £265.350.
The Exeler Dioces8n B08rd ol Finance grfted the church a CoNecTin Mue wntaclless giving device Ithich wa$ installed in the
Narthex in De¢wnber. This started lo be used Trn Ihe final tsvo weeks ol the year and contributed unrestricted gwing of £53.
The PCC was ab￿ to pay ts 2023 Common Fund as%s8ment of £43,395 in lull.
R•s•r¥ts Poli¢y
It 18 PCC policy to lif possib￿) maintain a balance on ur￿eStrided fun(Is which equates to approximately Six months unrestr￿ed
payments. to cover any 8mery8ncies thal may arise. In 2013 the PCC agreed lo maintain a balarte on unres¢ricted funds Irf
possible) vthi¢h equates to approximately f￿r months unrestricted payment8 Wth the hcpe that, when finarKe$ allowed, it would
Possible lo retum to a balance of six months reserves for unreStr￿ted funds.
It is PCC pdi¢y lo invest with CCLA in a CBF Churth of ETrJland Deposit A(tounÈ arvj CBF Church of ENJJand Investment Funds.
Investrnent$ are revalued at Ihe end ol ea¢h financial year.
Appointm•nts
The following were appointed arKI served as sidesperson8 during the ye8r.' jul￿ Beorllan, Mollie BoFton. V81 Devereux, Val Fosse.
Jill Hamilton. Suzanne Henvil￿, and Belind8 Th8tcher.
WestLX)tts w85 appointed as I￿epe1)dent Examiner.
Volunle•rs
We would like to thank al our volunteers who work so hard on behaLI of the church. In particular we would like to mention our
outgoing chufchwarden, Belinda Thatcher who has given mony years of dedicated service to St Paul's. and our new churchwarden
DuncHn Geale who has put in tremendous efft)rt to rnaintain and improve the chwch. and everyone who has enabled the church to
continue to grow and flourish as we ￿0Ver from the effect5 of the p8ndemi¢.
Approved by the PCC on
ar5d signed on ther behaw by
The R•vd. Prob. Susan Robèrts I￿¢ thairmanl
Paqe 2

st Paul's Church Honlton- 1128921
Statement of Flnanclal Actlvitses
for tht ￿#r ended 31 December 2023
Unr•striettd D•signated
Funds
Funds
Restricted Endowment
Fund$
Funds
Total
2022
Funds Total Funds
Note
Incom• and Endowments from:
Donal¢ons and Legèc*s
Income from Charrtable Acatvrt￿$
othei Trading Activ￿￿$
Investments
Other Income
63,094.72
22.513.36
5,880.72
2.368.11
800.90
50.00
291.04
63.435.76
22,513.36
13.243.62
2,725.74
800.9)
48,754.42
21.239.00
13,948.76
1.517.64
660.00
7,363.50
139.69
217.94
Totsl Income and Endovmients
94.657.21
7,SS3.19
508.98
102.719.38
86.119.82
EX￿nditur0 on:
Raising Funds
Expenditure on Charit8ble Acawities
11,448.90
94,908.74
10,348.45
5.123.ft
21.797.35
102,392.45
6,712.43
141.878.40
2,360.60
Total Expenditur
Gainslllossesl on Investment
106.357.64
2,3C6.22
15,471.$6
2,360.60
124,189.80
2,743.16
148,590.83
13,&37.121
7b
436.94
Net InecAnèl(Expenditurel
19,39421}
17.918.371 11,851.621
436.94 118,727.261 166,308.13)
Transfers
Gross transfers between Funtts
116289.721
16.289.72
Otrer Rerx)gnised G8￿n511k)SSeS}
Nèt Movement In Funds
125,683.931
8.371.35 11.851.621
118,727.261 166,308.131
Re¢onclllatlon of Funds
Total Fund$ brought forward
266,047.72
1,428.78
11.996.55
4,604.04
284,077.09
350,385.22
Total Fun(ts carried forward
240.363.79
9.800.13
10,144.93
5,040.98
265,349.83
284.077.09
The statement ol linancid aGtivitie$ indudes all g8in$ and losses in year therefore a statement of tot81 recognised gains
and losses has not been prepared.
The 2022 (￿rnp￿rat￿e Stat￿)ent of finartiol activities is shovm ID note 6.
Approved by the PCC on 16- 4- IQ And s¥Jned on their tEhaLf by
Thè Revd. pre￿ Susan Robebts IPCC Chairman)
The noies on pages 5- 15 forrn part of these ￿￿nIS
Pag• 3

st Paul's Church, Honlton- 1128921
Balane¢ Sheet
for the year •ndÈd 31 De￿Mtser 2023
3111212023
3111Z12022
Note
FFx•d Assets
Investments
7b
50,557.79
47,814.63
S0,S57.79
47,814.63
Current Assets
Deblors
Cash ot Bank 8Md in Hand
1,945.79
227.230.71
6,330.09
247.287_90
229,176.50
253,617ts9
Liabilities
CredrtLYS.' Amount8 lalling due in one ye
10
114.384.461
117,355.531
Net Cwrent Ass•ts l•ss Currnnt Liabilities
214.792.04
236.2V2.46
Total N•t Asset5 re￿ Liabili15es
26S,349.83
284,077.09
Rèprèsented by
Unrestrirted
General F￿1
240,363.79
266.047.72
Designated
Choir Fund
Ma¢kaine5s Hall
Ovtraach Fund
5a
181.21
176.21
1.252.57
9.618.92
Rejtrictsd
Flower Fu￿1
Narthex Refurbishment
Organ Fund
St Paul's Maintenance
Youth Fund
5a, 5b
631.05
538.10
6.206.06
2,216.86
552.86
658.64
523.24
6.112.66
4,158.43
543.58
5a
sd
Endowmerrt
St Michaels Churchyard
7b
5,040.98
4,604.04
Funds of th* Church
Z65,349.83
2B4,OTI.09
The notes on pages 5- 15 lotm p8rt of these 8c¢ouTrts.
P499 4

St Paul's Church. Honlton- 1128921
Incomlng R•sourc¢s
for the year endlng 31 Dècember 2023
Unr•stricted
Funds
O•$ignat•d Restvicted Endowmènt
Funds
Fund$
Funds
Total
Funds
2022
Totèl Funds
Ineunè and End¢)wments
2a Donatlons and Legaci•s
P￿nrned GiviThg
Yellow Envelopes
Loose Plate colle￿10n$
co1￿Ctio[￿l Special Services
G￿ing through Wall Safe
One-off Donations
Conla¢tle$s Giving
Tax Recoverable on Gift Aid
Legac4es
One-off Grants
25.822.37
455.00
3.721.82
605.10
1,056.79
3,896.17
53.50
7,258.97
20.125.00
100.(KJ
25,822.37
455.00
3,721.82
605.10
1,347.83
3,946.17
53.50
7.258.97
20.125.00
100.(K)
25.990.16
1.824.51
504.22
1,744.23
4.242.14
291.04
7,042.89
4,696.27
2,S10.Th)
63.094.72
50.00
291.04
63,435.76
48.754.42
2b Income from Charitable Actlvltles
Team Fees for Burials
Te8m Fees exc. Buri81$
Church Letting5
Crypt Letlings
Forecourt Lettings
Lodge Letting
9,744.CX)
3.845.(KJ
1.179.36
1,125.00
20.00
6.600.00
9.744.
3.845.
1,179.36
1,125.00
20.(K)
6,600.(K)
10,417.tX)
2.358.00
834.00
975.00
55.00
6.600.1
22,513.36
22.513.36
21.239.00
ze Other Trading Activities
Fund R8ising- Charitable Mission
Fund Raising- Church
Coffee M￿ning$
Craft Club
PrO￿ed8 fr(xm Events
MackaTnes8 Hall Lettings
465.37
1.043_55
3,747.93
623.27
465.37
1.043.55
3,747.93
623.27
266.98
7,096.52
656.39
645.31
3,140.07
513.49
266.98
7,096.52
8,993.
5.880.12
7.363.50
13,243.fj2
13.948.76
2d Investments
Interest and Divide￿18
2.368.11
139.69
217.94
2,725.74
1,517.64
2.368.11
139.69
217.94
2,725.74
1,517.64
2e Other Income
Printinglpholocopying Recharges
MIs￿lI&neOUS
793.00
7.90
793.00
7.90
660.IX)
800.90
800.90
rdal Income and Et)dowm•nts
94.657.21
7.55119
508.98
102,719.38
86.119.82
Page 5

St Paul's Church, HonSton - 1128921
Resources Expendèd
lor th• y•ar tnded 31 December 2023
Unrestricted
Funds
Dosignattd Restricted Endowrnenl
Funds
Fund$
Funds
Total
Funds
2022
Total Fund$
3 Expnditure
3a Raising Funds
Kitchen Running Costs
K4ackarness Hall Costs
Ma¢karrness Hall Utilrty Bi118
Sl Michael's Lodge costs
Fundraising Expenditure
1.164.31
8,466.45
1,164.31
16,332_5
2,482.36
1,770.58
47.56
522.17
2.281.59
2,106.62
1.512.05
290.00
7.86fj.09
2,482.36
1,770.58
47.56
11.448.90
10.348.45
21.797.35
6,712.43
3b Expenditure on Charitablè Actlvltlgs
coMn￿Th Fund
Chaiit8ble Mission Payments
Staff Salaries
Clergy Expen$8S
Cost of SeNices
Church Running Expenses
OTgani8t Fees
Flowers
Yi)uth
Other Outreach
Insur8nce
St Paul's Maintenance
Health and Safety Inspectv)n Fees
Refurbishment Costs
Sl Paul's Utility Bills
St Paul's Fc￿COurt
St Michaels Churchyard
Monkton Churehyard
Administrat￿￿
Phone Bi1181broadbaTrJ
Pnnting and Photc¢opyrng Costs
Bank Chaige5
Professional Fees
Miscellaneous ExFens88
43,395.00
843.83
7,729.07
4.320.00
1.561.24
2,720.66
825.00
43.395.00
843.83
12,019.43
4.320.00
1.56t.24
2.798.66
825.(M)
44.(K)
5.99
1.075.65
4,860.70
1.392.61
1.872.46
207.50
12,869.22
365.00
8.106.48
480.00
195.05
648.07
1,314.60
252.33
2.283.48
655.95
41,603_1X)
656.39
10,893.51
4,320.IX)
1,371.25
8,697.43
705.00
131.10
4.290.36
78.00
5.99
243.10
4.860.70
832.75
4.493.14
22.404.67
1.774.06
23,236.04
9, 183.87
220 (KI
6.722.62
350.00
715.82
442.37
1.658.02
221.61
2.055.92
14.%)
1.392.61
1.872.48
207.50
12,869.22
365.00
8.106.48
480.00
195.05
648.07
1,314.60
252.33
1,443.48
655.95
840.00
94.908.74
5.123.11
2.360.60
102.392.45
141.878.40
Trrtal Expgndlture
106,357.64
15,471.56
2,360.60
124,189.80
148,590.8J
Pago 6

st Paul's Church. Honiton- 1128921
Notes to the Flnancial Statem•nts
for th* year ended 31 De￿mber 2023
4. Staff Costs
Stsff sQ￿r￿s
£12 019.43
During the year the PCC employed 2 administrators and 1 cbaner. none of whc¥n were paid more than £10.000 in total.
Tempor8ry organists were &nployed during the year.
No Tr￿ber of the PCC ¢Loirned tr8veling 8ubsistence expenses. Reclaimed expews by PCC membws for wsts incurred on
behalf of Ihe church amounted to e1,426.68. Planned giving frorn members of the PCC amounted to £2.680.32.
Sa. D•posit Ae¢ounts
Th• PCC'S d8POStt ac£ounl is he￿ within the CBF Church of England Funds.
CBF Funds
2022
Net
transfers
Income
Int•r•8t
Interest
Ir•strietèdl {ynTe$tric¢edl
2023
General
rthex Refurbishment
St Paul's Maintenance
OTrJan
Youth
Choir
FkMeT$
0￿reaCh
40,9￿.13
523.24
13,847.571
6,112.66
543.58
176.21
622.CKJ
17,414.671
1,085.74
34,571.20
538.10
15.783.141
6,206.06
552.86
181.21
594.41
9,618.92
14.86
11.941.571
178.001
15.991
171.40
15.27
5.00
144.001
9.484.23
16.41
134.69
45.036.25
217.94
1.22S.43
46.479.82
5b. Flower Fund Curront Aeeount IResth¢tedl
In addition. to funds hekl for flowers in the CBF Deposil A￿￿￿1, the flower lund Current account is m8n8ged by the Chuichwarden
with permi&8ion of the PCC.
2023
2022
ReeeiFrt9
Donation
lrnterest
Paymenls
Flowers etc.
N•t Movemen¢ in Funds
Total Funds brought foThvard
36.64
36.64
Total Furbds urrfed lorward
36.64
36.64
P490 T

St Paul's Church. Honlton- 1128921
Not•s to thè Finaneial Statomènts
for th• year •nd•d 31 0*￿mber 2023
Se. Maekarn•ss Hall Account (￿19n8tedl
S88 note 78liil.
2023
2022
Incomé
LeltiEYJs
Inleresl
7,096.52
6,993.50
Total IneomÈ
7.096.52
8.993.50
Expnditur•
12,482.361
14.290 361
12,1C6.621
13.693.>21
Salar
Insurance
Running CostslMaintÈn8n¢e
17.866.091
12,281.591
Total expenditurn
I14,638￿1)
IB.081.531
Net Income I{Ex￿ndItur4) R•soureos bèfore transfèr
{7,54229)
911.97
Grrtss Iransf8r8- in
Gross transfers- out
6.289.72
N•t Mov•m•nt In Funds
Total Funds brought fonvard
11,252.571
1,252.57
911.97
340.60
Total Funds carrfed forntard
1,25157
P•g• 8

st Paul's Church, Honlton- 1128921
Notes lo the Finandal Stattmènts
for the year ended 31 December 2023
Sd. St Paul's Malntgnance CBF Deposll Account (Restricted)
The Sl Paul's Maintenance Fund comprk%es a Nat￿nal Savings Bond wilh the va￿e of £8,000.00 and fund5 hekl in the CBF Deposlt
Account 89 shown below.
2023
2022
Income
Giving ltrrough flo￿ safe
Other ¢j0nttt￿ns
one.off Grants
Fundraising Events
Interest
291.04
311.69
Total Ineom#
291.04
311.69
Expendkurè
General maintenance
E￿CInctI rep8irslrewiring
Clere$tory Windows
Archrtect I Inspection lees
132.411
1467.491
1593.891
6.879.181
114.307.601
1348.961
11,732.711
Total Expenditure
{2,232.611 {22.129.63)
N•t Ineome IIExpeDdi￿rey Resources
b•fore transfer
11.941.Fl 121,817.941
Grctss transfer5- in
Grc6s transfers- out
Net Mo¥em•nt in Funds
Total Fund$ brought fomard
11,941.571 121,817.94}
13.841.571
17,976.37
Total Fund5 carried fovward
15.783.141
13.841.571
Summary
NatK)nal S8vings
CBF Deposit ALuunt
7b
8.000.00
5.783.141
8,000.00
13,841.571
11c
2,21&86
4.158.43

St Paul's Church, Honlton- 1128921
Notes to th• Flnandal Slatements
foff the year ended 31 Ooe•mb•r 2023
6. Comporativg Stat•nènt of Financial Actlvltl•s as at 31 D￿ember 2022
Unrestrithl Designated R•striet•d
Funds
Funds
Funds
Endo7hThent
Funds
Totsl
Fund$
2021
Total Funds
Income and EndO￿l￿entS from:
Donations Bnd LegacEs
Infy)me frun Charrtable Activities
Olher Trading ACtivit￿S
Investrnents
Other Income
48,442.73
27,239.00
4,955.26
1.422.27
660.00
311.69
48,754.42
21,239.00
13,948.76
1,517.64
660.00
42,710.66
21.836.(K)
4.080.73
865.93
872.60
8.993.50
2.11
93.32
Total Ineome and Endowm•nts
76,719.20
B,995.61
405.01
86.119.82
70.365.92
Expèndituro on:
R8iding Funds
Expenditure on Charitable Adivities
2,324.22
114.997.95
4.388.21
3,693.32
6,712.43
141.878.40
4,280.49
91,760.64
23.187.13
Total EX￿n￿￿ture
Nel G8inslllossesl on Investrnent
117.322.17
13,225.931
8,081.53
23.187.13
148,5￿1.83
1611.191 13.837.121
96,041.13
4,116.00
Net Incomel(Exwndilur•l
143.828SOI
914.08 122,782.121
1611.191 166.308.131
{21.559.211
Otlw GaIn￿{lO$Se5)
Gross Transfers between Funtjs
other Recognised GaFnslllosse$l
Net Movement In Funds
143,828.901
914.08 122,782.121
1611.191 166,3Q8.13)
121.559.211
Reconclliatlon of Funds
Total Funds brought fon¥xd
309.876.62
514.70
34.778.67
5.215.23
350.385.22
371.944.43
Total Funds carried fop%ard
266.047.72
1.428.78
11,996.55
4,604.04
284,OTI.09
350.385.22
Pay fo

St Paul's Church. Honlton- 1128921
Notss to the Financl41 Statements
for th• year ended 31 Dec•mbèr 2023
7. Fixed Assets for use by the PCC
7a. T4nglble ￿X•dA¥$ets
It has not been pcEsible to ascribe a hIstC￿l￿1 cost to the Wopert￿$ held by the PCC. A current mwket valuation of Ihe propertE$
held by the PCC ¢8nrh￿ be obt8ined willK)ul incurrir*J vnre8sonable expense.
lil The freehold land and bJil¢YiAgs wrnprise St Micha81's L%)Ige whhth Wds acquired frcTh Combe SetU&d Estate or Rich8Td Marker
sometime between 1873 and 1901. The PCC took cxjt a mortgage of £26,000 in 2000 IrKJw fulty repaidl to refurbish St Midwe15
Lodge to 8 Sufficient standard for rental.
lill Exet￿ D￿)￿san Trust is Custodian Trustee of the M8ckarness Hall and the Rector an(1 Churchwarden are th8 Managing
TrL¢Stees of this propety. which, on 28 March 2010. reverted back lo the PCC frorn East Devon District Council.
liiil Land gifted by Mr Marktr in 1990 is for use as a car pafk at St Mthaeys Church.
7b. Inv￿lMent Rx•dA$$•ts
Market Value
3111212022
Unrealised
qainslllossèsl
Markèt Value
3111212023
1177 Sha￿ in the CBF Church of Engpand Investment Fund
223 shares in the CBF Church of Englar)d Investment Fund
(St Michaelsl
National Savings Bond lrnaintenancel
CBF Dep051t Attounl 115002029D
24,300.22
2,3(￿.22
26.606.44
4,604.04
8,000.rKJ
10,910.37
436.94
5,040.98
8,000.00
10,910.37
Total mark•t valu•
47.814.83
2.743.16
50,557.79
8. An￿y$l8 of N•t Assèts ty Fund
Unrestrlcted Dosignated Restriet•d Endowment
Funds
Funds
Funds
Funds
Total
Funds
2022
Totsi Funds
FrKed Assets lor Church use
Investment Fixed Assets
Current Assets
Current Liabbir(￿S
37,516.81
213,630.11
110.783.131
8,000.00
2,144.93
5,040.98
50.557.79
47.814.63
229.176.50
253.617.99
114,384.461 117.355.531
13,40f.46
I3,￿1.33)
Balancos
240,363.79
9,800.13
10.144.93
5,040.9B 265,349.83
284.077.09
Page 11

St Paul's Church. Honlton- 1128921
Notss to the FlrAnelal StstemÈntS
for th• yèar ended 31 Dec•mb•r 2023
9. D•btors
2023
2022
Dèbtors
M8ekarness Hhll
General Furk
Designated
Unrestricted
411.00
5,919.09
1.945.79
1,945.79
6,330.09
10. Creditors
2023
2022
Cr•ditors
M8ckaTne8s Hall
Outreach Fur¥J
General Fund
Des￿jnaled
Designated
Unrestricted
3,154.85
446.48
10,783.13
1.225.58
16,129.95
14.384.46 17.355.S3
11. Funds
l1•. Uftrestrtcted Funds
At
3111212022
G•in$ and
ILoss•sl
At
3111212023
Ineomè
Expendi￿r•
Transfers
Genwal Fund
266,047.72
94,657.21 (106,357.641 116.289.721
2.306.22
240,363.79
266.047.72
94,657.21 (106.357.641 116.289.721
2.306.22
240.363.79
Genw81 fuThJs
These funds are xva1l8￿e lor the general furtherance and obpctives of the PCC.
1lb. De$lgnat•d Funds
At
3111212022
Galns and
ILossèsl
At
3111212023
Ineom¢
Exp•ndltur•
Translers
Choir Fur¥J
176.21
1,252.57
5.00
7,096.52
451.67
181.21
Mackarness H811
Outreach Fund
114,638.811
1832.751
6.289.72
10,000.LKI
9,618.92
1.428.78
7,553.19
115,471.561
16,289.72
9.800.13
DeS￿nated funds
Choir Fund- These funds are deswJnated for use by Ihe Cho￿.
Mackarness Hall - These funds are design8ted for the running of the Mackarne$8 Hall.
Outreach Fund- These funds ale desvJn8ted for the purpose of extending St Paul's MISS￿ and outreach.
1¥99 12

St Paul's Churth, Honlton- 1128921
Plotes to the Finaneral Stslernenls
for the year ended 31 December 2023
Ite. R•strlcl•d Funds
At
3111212022
Gains and
ILossesl
At
3111212023
Ineomè
Expenditure
Transfers
Flower Fund
Narthex Refurbishment
Or￿n Fund
St Paul's Mainlen8nce
Youth Fund
658.64
523.24
6,172.66
4.158.43
543.$8
16.41
14_86
171.40
291.04
15.27
144.001
631.05
538.10
6.206.06
2.216.86
552.86
178.1101
12.232.611
15.991
11,996.55
508.98
12,360.elll
10,144.93
ReStr￿tedr￿￿dS
Fbwer Fund- FuThJs recewed ar¥J held $￿ir￿llY for the proviston of flow&rs In St PAul's.
Narthex Fund- Funds rer*ived and held specrfic811y for the upkeep ol the Nwthex.
Ofgan Fund- Funds ￿￿1Ve￿ and held specifirally for the upkeep ol the organ.
St Paul's MaintenanTr- Funds received and held speafically fcr the rnamlenance of St Paul's.
Youth Fund- Funds reeeived and hekl Specif￿llY for the proviS￿n of youth servvs.
1ld. Endwment Funds
Galns and
ILoss•sl
At
3111212023
3111212022
Income
Expendlture
Transfers
St M￿haels.5 Churchyard
4.604.04
436.94
S,040.98
4,604.04
436.94
S,040.98
Endowment futsys
To be 8ppfi.ed in 8C(x)rdan¢e with the Exeter Diocesan Board of Finance.
12. A¢¢ounting Policie$
These fin￿cial statements have been prepared in c4)mpliance with FRS 102. The Financ￿1 Reporting Standard applicable irF the
UK and the RepublK ol Ireland,, the Statement of Rewmmended Practi￿ applicable to charitie5 prep&ring their awounls *n
accordance wrth the Financial Reporting Standard applicab￿ in the UK and Republic of Ire18nd IFRS 1021 Icharrties SORP IFRS
102118nd the Charities Act 2011 and in ac¢ordeno wth the Chw¢h Accounti￿￿ Regulations 1997 as amended by the Church
Accounting IArnendmentl RegulgtK)ns 2￿8.
The linanaal statements have been prepa￿d under tt* historical cost convention except foi the valuatM)n of investment assets.
which a￿ shown at tnarkel value.
The financial statements 8re prepared in $terfirrfJ, which the funct￿81 Currency of the entty.
Goin9 concern
There are no malerial uncertainties atKJut the PCC'S aknlrty lo continue.
Diselosure exemptio
The PCC has taken advantage of the exemption in FRS102 from the requiremenl to Produce o cashflow statement because it B
sm811 charity.
go13

St Paul's Chureh, HonSton- 1128921
Not•s to th• Financial Stat*ment$
for the year ended 31 December 2023
12. Aeeountlng Polt¢ies {¢onlthu
Judgèm•nts and koy souree¥ of estimation unw¢ainty
The prep8fation ol the f nancial statements requi￿ manogement to make judgements, estimates and assumptk)n8 that affe(I the
amounts repc*1ed. These estirnotes and judgernents are continually reviewed and 8re b8sed on experience and other lactOl5.
including expectation$ of future events that are believed to be reasonable under the oirojmstwces.
Cash and ¢ash eqLNvalents
Cash and cash equiv8lent5 comprise cash on hand and call depc6its. 8nd other short temi hvjhly IKiuid investrnents that are readily
convertible to a known amount of cash and a￿ subject to an insignrftcant risk of chonge in value.
Finan¢ial instruments
A finttneial asset or a finan￿87 liability recognised only when the entity beoornes 8 p8rty to the contro¢Xual provisions of the
instrument.
Basic financ￿1 instruments are initially re(wnised 81 the amounl receivabte or pay8ble I￿￿dIng 8ny rejated tr8ns8¢tton (x)sts,
unless the airangemenl 17)nstitute5 8 financing Iran88Ction. where it is reo)gnised at the wesent value of the future ￿Yrn￿tS
discount￿ at a mwket rate of interest for a similar debt instrument.
Current 8ssel$ And current li8bilits.es ar8 subsequently measured at the cash or olher cgnskYer8tK)n expected to be paid or received
and not discounted.
DEbt instruments are subsequentty rneasured at amortised cost.
Funds
General funds represent the fuThJs of the PCC that are not suP4eci lo any restrictions regarding theii use and are av8ilable for
application on the gener81 purp05e5 01 (he PCC. Funds des¥wated for a part￿uL￿r purpc6e by the PCC are Shown as unreslricted in
the accounts.
The accounts include all transactions. assets and liabilities lor whi¢h Ihe PCC is responsib￿ in law. They do not ￿Clude the
ac¢ount5 of church groups that owe their rnain affilislK)n to 8rbJther bckly or th08e that are iThf￿rnal gatherings of ¢hur¢h members.
Incoming Resources
Volunt8rylneom• •ndCapitsl Soure•s
CO1￿CtK>nS are recognised when re¢eived by or on behalf of the PCC.
InccThe tax recoverab￿ on Gift donations is wued in the accounting year to which it f5 appliceble.
Grants and leg8cie8 to the PCC are ￿CoUnted for as soon as the PCC is notified of its legal enIrt￿Ment, the atnount due
qU8ntifiab1e and its ultimate receipt by the PCC is reasonably certain.
Oth•rlneom•
Renlol income frcm the lett4)g of church wemises is fecognised when the rental k% due.
Inct)me from Investh7¢nts
Dividends 8Te acoJunted foK when due and payable. Interest entrtlements are accounted for 88 they accrue. Tax recoverable on
such In￿Me is Tecognised in the same 8ccounling year.
G*ns and Lo$$•$ 4)n Inv8stsn•nts
Reolised gatrns or losses are fecogni88d wfien investments are sold.
Unrealised gains 01 losses gre atcounted for on revaluation of invÈ5tTnent5 at 31 December.
Rèsoufee5 Us•d
Gr8nts
Grants and donations are a¢￿Unted for then paid over. or kthen awarded. rf that award creates a binding obligation on the PCC.
Actlvlti•s Dir•rtlyRd4tlng to thè Wortt of th• Church
The E)iocesan Cornrnon Fund is accounted for when p8id. Any Common Fund unp8id at 31 December but ¢ertain lo be paKI in the
lolknwing ye&r, is provided lor in these accounts as an operational (though not a legall Iwbilrty t5 Shown 88 8 creditor in the
Balance Sheet.
Pog• 14

St Paul's Chu￿h, Honlton - 1128921
Notes to the Financlal St4t•ments
for the year •nd•d 31 December 2023
12. Accounting P￿1¢1¢$ (con6n￿t#j
Fix•d Assets
con￿rat•d prO￿rtY8nd Movoblg chU￿h Furmshlngs
Consecrated anij ben¢ficed propwty lor any kind is excluded from the Accounts by s96121 d the Charities Act 1993.
Mov8ble thurch lurn15hings hekl by the Rect￿ and Churchwardens on special trust for the PCC. and whth require a I￿￿llY tor
disposal, ar8 accounted ks inalienable PToperiy un￿sS consecrated. They are Ilsted in the chLKch's inventory which &gn be
in8pe¢led lat any reasonable tsmel. For inalienable property 8cquired prior to 2005 there is insufficient t￿$1 information available and
therefore sueh assets are not Valued in the accounts. Items a¢quired since 1 January 2005 are (¥￿taIlsed 8nd depreciated in Ihe
accounts over their currenly antiCiP8ted useful ecorK)mic life linilially over 10 years) on a straight-line basis.
All expenditure incurre(l in the ye8r on ￿nsecrated or benelKed buildings. intlividual items under £500 or on Ihe repair of movab
church furnishings acquired before 1 JanLt8ry 2005 is written off.
Oth•rFixtures, Flttings gnd Offlce Equipmènt
Equipment used within the ¢huich premises is depreciated ￿ 8 $traKJht-line basis over 4 years. Indwidual items of equiFwnent ￿th
pui¢hase price of £500 or 1858 are ￿Itten off when the asset is acquir￿. Equipment purchased lor Ihe Ma¢kamess H811 is not
deprecwted and the cost fully recognised in the year csf purchase.
Investments
Inveslmenls are shown at market value at 31 De(￿ber.
Current Asstts
Amounts owing to PCC at 31 December in respect of fees, rents OT c*her income a￿ shown 88 debt￿ Jess 5xovi$ion for arnounts
that may prove uncollectible.
Short-tenll d8posits incknde Lxsh hdd (m deposit either with the CBF Chvrch ol England Funds ￿ al the b8nk.
P•ge IS

St Paul's Church, Htsnlton- 1128921
Independènt Examlmr's Rgport to thèTrurtees of St Paul's Chureh. Honlton
for th• year ènded 31 D•eember 2023
I report to the trustees on my examination of the financial slalement5 of Sl Paul's Church, Honiton for the year ended
31 December 2023.
Respectlv? Responslbllltles of the PCC and the Examlner
The charllls Ifustees are rgsponslble for the preparatM)n of the accounts. The charr(￿S trustees conside¥ that an audit
is ￿1 require(* for this year under sectlon 144 of the Charities Act 2011 {Ihe Charitses Act) and that an independent
examination is needed.
11 is my responsibility to..
examine the accounts under sectton 145 of the Chanties Act.
lo follow the procedures laid down in the general Direclions given by the Charity Commissson (under section
14515llbl of the Chartlies Act, and
to stale whether particular matters have come lo my attention.
Basls of th1$ Report
My examination was carried out in ac￿rdan￿ wrth general DireclKJns given by the Charity Commlssion.
examinallon includes a review of the accounung records kept by tho charity and a coniparison of the accounts
presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and
seeking explanations from the trustees con¢eming any such matters. The procedures undertaken do not provlde al
the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts
present a Irue and fair. view and the report is limited to those matters sel out in the slalement below.
Indep8ndent Examingrfs Ststement
In connection with my examlnalion, no matter has o)me to my attention whlch gives me reasonable cause lo
believe tr)al in, any material respect,
accounting records were not kept in accordance with seclton 130 of the Charities Act or
the accounts do not accord with the accounting recL)rds
I have come across no olhei matters in connection with the examination lo which attention should be drawn in ordei to
ertable a proper understanding of the accr)unls lo be reached.
N Smy ACA
Independent Examlner
Westcotts
Chartered Accountants
Queens House
New Street
Honilon
Devon
EX14 1BJ
Dated: Its>. 8.2
P•g• 16