St Paul's Church. Honlton
Flnanclal Statements of the
Parochlal Church Council
For the year ended
31 December 2024
Charlty number 1128921

St Paul'$ Chur¢N HOn114￿- 1128921
Flnancial statements of th* Parochial Church Council
For theyear •nd•d 31 December 2024
Pag•
PCC Annv81 Report
Statement of Financial Activit￿$
Balance Sheet
Incorning Resources
ResourL¥S Expended
7-17
14otes ttsthe FIn8fic￿81 Siaternents
18
IndeKtrKknl Exwnlnrfs Report

St Paul'$ Chur¢h Honiton- 1128921
Tru$t•es Annual R•port
for the year ended 31 December 2024
AdmiThstrative Infomiation
St. PaLtls C￿r¢h 1$ Situated in the cer>tre of Honiton and is part of lh8 Opxese of EK8t8r within the Church of EroL8nd. Th8
Corres￿der￿ce adthess is St Paul's Parish Olfice. 99 Hlgh Streel HonitoD. Dewn EX14 1PG.
ASM and Purpose$
St Paul's Parothial Chwth CoLmcI IPCCI ha8 the respon%bilily of c¢weraling with ¢he 1nc￿)b8nt. the R￿￿. Preb. Su8 Roberts. in
wfThoting. in the eCt￿$￿$t[cal pansh. the whde mis5￿n of the chwch - pasioral. evangelK81, Social and ecumenKal. It also h8S
malnlenance r¢sponsibi1it18s for St Michael's Lodg8 arKJ the M8ckarn8ss Hall in Honitrm aThJ graveyards 81 St hlichaels. Honiton
and at Monkten.
Structure, Governance 8nd Management
Sl Paul's Church regist8rwl charity Ino. 112892118nd the membgrs of the PCC we 8180 the tnBtees. The PCC b a body
corporate IP¢C Powe[5 Meagjre 1956, Chuich Repre5enfation Rule5 3)061. The PCC members are re5ponsibk9 for m8king
deCiS￿n$ on all fflatters of general corEern and imwrt8nce to the parish including d8cidino on how the fijnds of the PCC a￿ to be
SP8nl. PCC mernbers 8Ie ele¢ted tyy Membe￿ of the wngregation. who are on the electual ioll of the church, at the Annual Parish
¢hur¢h MeetiTrG IAPCMI in accorthnce with the Church Representation Rul8s. During th8 P8riod 1 January 2024 until the date Ihis
ieFQrt was signed, the loll)wing s8rwed 8s rnernkrs of Ihe PCC:
ExolJl¢io members."
Incumbert arKI Chaimian
Team Vica¥
Curate
hur¢hworden and Vice-Ch8irrnan
Secretsry
De8nery Syntsy Rewesenlatwes
Rev. Preb. Sue Rob8rts
Rev. Tr*oy Voysey
Scott Angell
Duncan Ge8
Deborah Charynan
Suzanne Henville
James Wilkinson
lfrom Juty 20241
lunlil APCM 20251
Treaswer
Emity Wilkirbson
Julia Beaman
Joanna FOr￿art
Jan Geale
Suzanne Henvlle
Calherin8 Lee
Bel*nda (L￿) Th81th8r
(until APCM 20251
(until APCM 20271
(until APCM 20271
lunlil APCM 20251
lunUI APCM 20261
(until APCM 20261
(until APCM 20261
The PCC wuks Ihrwgh the following working groups..
Finance 8nd Stew8rdship working gmup - wh￿h oversees the llen￿l finance dirnen$KJn of the at St Paul's by mDnrt(¥ing
income and expenditure, budgelng ¢Mrdlnatiig tlw ar￿U&l revlew d Christian Ste*f rdship of montry tlmjgh giving.
Eco Church working group- havlng registered St Patsls Eco Church in Novembw 2018 and f￿￿ed ts Bron& Awarf in 2023,
the wiykiryd group contiiues to hy)k at ways in whi¢h we better Ca￿ for God's Èarth in the areas of INtrship 4nd Teaching,
Managernent of Church Buildings aTrJ Land, Ccthmunity and Gbb81 Erygement and Lrf88W8.
Clereslory Wiijdows group- a group to plan and iatse funds for the repgir woTk required lo the clerestory W￿doW5
and reSu￿.￿g damag8 to the rnasonry of the thurch, particul8rty in thè N8rthex and on the wesl of the chtsrth.
Heatirw workMggroup- a wup Set up In 2024 to research. plan ond raisefundsfor llew he81in9 in the church.
These groups ar8 r8sponsib18 lo th8 PCC and repJt b8ck to it f8gularty with minutes of 1h8ird81iberatK)ns b8ing received by
thefull PCC and drscuss8d a8 necessary.
Obleclives and Activities
Th& PCC. at the erKI of 2024. c￿nMItt1d to dev81oping, a& g pmrity, they deternin8t￿Tr that St Paul's hav8 8 futlxe ggneralx>n,
enabling as m8ny peorAe as rK)ssibb to take part h w0￿h1p and other a¢liwlie$ at our d)ur¢h. tt)eiefore ￿￿0 part of the atlive
cornmunty of St. Paul's. Our services and worship aim to pul faith into practice through prayer a￿1 5CFiPture, music 8nd sacrament.
Ther8 were 69 p8rishk)nèrs on the Ebctoral Roll.
When ￿annI1￿ our a￿1vill8S for the year, the in¢urnbent and th8 PCC ccns*J8r8d th8 Ccynmlss￿'S gU￿8￿Ce on benefit and
in particular, the specrfic guidan￿ on Charities for the advancernent of religion. In par*'cular, we try to ￿able people to live Out their
faith a5 part ofour pHii5h comrnunity thTough..
Worship aTrY player,. leamir¥J abxtthe Gospel- and develop￿g Ih8ir knOw￿dge ar¥J trust tn Jesus
Provi￿On of pasloral ¢are f¢x peop￿ lfving In the parksh and
Mk*slon oulreoth wcrk

St pa￿,* Chwch Hc*nrttsn- 1128921
Trustees Annual R•port
for the y*ar*nd•d 31 December 2024
A¢hiev¢ments and P•rformanee
W￿hip, Pr8yerand Outreach
The PCC a￿ keen lo off81 a range of Services during the w8ek and ovw thÈ wurse of the year that our c￿mMUn￿Y find both
benefiual and 5pirrtually ￿￿illing. Al are welcom8 to 8118rn1 our services. detaik of which can be knjnd on the parish web5rte'.
wwrbV.honitoncof8.org. With support from the diocese, a monthly intergeneratior¥al service was started in 2024 to r88ch out to peopb
ho 8r8 kss famdiar with chur¢h or want to exploie theirfaith in a dfflerenl way.
As w8118s our reoular 5ervKes, we enable our communty lo cdetrate and thank God at the mibstones ol journey through lrfe.
Through toplism we thank G¢xJ for the gfft of life, in marriage public VO￿ are exchanged God's b￿SSir￿J and ttr¢ugh funer
servKes friends lamity express their grief and gNe thanks for Ihe lffe which is r•Dw 0)mpl￿e In this workl and to eLxmm8nd the
person into Gods keeping.
Olher areas of artreach indut1e Coffee M¢xnirvJs on Satur**ys and Tuesdays, 'T¢)asty Tuesdaf breakfasts onr* a week, regu13r
season81 a¢livit*s & worship aThed at f8mllies and young people, developing links with trK*h rrf our c¢mmunity pTim8ry schods In
the town. prayer groups. a Prayer Chain, and fellowship groups. The deroy and lay fftembers of the churth visit I￿1 retirement and
nursing hcmes on a iegulgr basis, and Revd SedtAngdl 15 devekw'ng the ro￿ of an Ann8 Chaplain
Together with Ihe othgr parishes d the Mission Community, we aga¥i ran a Rest and Refreshment tent at th8 Honlton Show wtt￿h
wa5 vwy well re¢eived by the publio The Pansh offi￿ ¢onlinue5 to be st8lf8d fN 3 mornirys each week.
In January 2019. Sl Michael's chU￿h was transferred to the care of the DK)¢88e of Exeter. The PCC'S DJ¥rent r&spOn￿b￿1ty Is to
catry ryjt weekly iTrspedon* reporting to th8 D￿￿se as newsary.
Flnancial Review
Total income was £102.338 and planned gNing increased to £29.511. Inc(The indvd8d fundr8i%ir*J of £10,148 plus a fund-matched
grant of £7.500 for the heatiry proied. Total eXp￿diture was £186,889, which included a total of £11.117 Spent on repairs lo the
Ma¢karnsss Hall and boiler. £28.1S8 spent on the r8P8irs to the church ¢ower. and £11.647 5penl cn Traw heatino for th
church. The r*t re5uh for the year. 81ter indudthg gain5 on imieth6nts, Wd8 a loss of inccthe over expenditure of £63,￿.
Th8 PCC desKJnaied £100.000 of general fun¢Ys to be US￿ for repair of ihe church, 8nd anothèr £10.193 of gener81 funds was
transfwd to the M2ckarn8s$ Hall to cover the cost of rnc8ssary repairs. The balance. after including am transfers, fold in
unrestricted funds and ¢aNie￿ lo￿ard at 31 D8¢ember. decxeased lo £100,457. Total funds amounted to £201.5rJ.
Total thnd5 of £257 ￿re raised foT water￿¢j and RABI, and a further £3tK) was donated from geTher41 lund5 to 5UPPKlrt the Sunday
Schoo15 in Zambia.
The PCC was ab￿ tg pay ft$ 2024 COMM￿ Fund ass8ssrnent c1£43,893 in fvll.
ft￿r¥•5 Policy
It ￿ PCC polKy to Irf pDs$iNel tnaintain a balance on unrestricted funds whi¢h equaies to approximatety srK month$ unreslriL1ed
payments, to cover any ernerpnc￿ that may aris9. In 2013 the PCC agreed ryo maintain a balance on unreslrifAed funds Irf
possibltrl which equates to approxim8tely four rwnihs unrestricted pa>Thents with th8 hcpe that, when f nance5 albwed, it would be
possible lo retvrn to a b81ance of six morths re5wvos for unrestricted funds
It 1$ PCC to inv8St with CCLA in a CBF Church d ETrJLgnd Deposit Att￿nI 8Th1 C8F Church ol England Investrn8nl Funds.
Invèstments are revalu&l at the end of each financial y88r.
Appolnlments
The follo￿ng were apPO￿tsd and sewj as side5P8rsons during the y8ar'. Bollon. Val Devewux. Val F058e. Jill Hamitton.
Belin(ta Th81cher.
Weslcott5was apponled as lTrJependeTrt Examvier.
Volunteers
We would lika lo thank 8n our volunteers wlK> work so h8rd on behaw of the Church. In particular w8 W￿JId like lo mentsm our
churchkwdrden. Duncan Gèale. who has put in Ir8mendou$ effort lo m81nta￿l and irnprove Ihe church, Julia Be￿ar) for Insplrin9 and
leadfftg fUndra￿ing efforts fortho heating and everyonewho has enabtsd th8 chwch to continuetogrow Ilouri5h.
Approved bylhe PCC on
and signed on their t*ho￿bY
Th• R•v(L Preb. Susan Robert$ IPCC ¢￿Im￿nI

St Paul'$ ChU￿h Hontton- 1128921
StatemeDI of Finan¢lal A¢tivill•s
torth• y•*•nd•d 31 D•¢•mber 2024
Unrestricted D¢sign8tsd
Fund5
Fund5
Rt$tri¢t*d Entlowment
Funds
Funds
Total
2023
Funds Total Funds
Note
Income and Endowments Imm..
Lbnalions and Legaaes
I￿l￿ne from Charit*e AdDlitiè$
Other Trading A¢livthe5
Inve￿mentS
0th8r Inccffie
44,426.14
20.578.87
4,515.08
3,221.20
94.95
16,771.12
61.263.76
20.578.87
16,487.22
3.913.58
94.95
63,435.76
22,513.36
13,24162
2,725.74
800.90
10,460.49
360.65
1,511.65
331.73
Total Income and End0￿entS
72,836.24
10.887.64
18,614.$0
102,33&3
102,719.38
Exp¢nditur• on-
Raising Funds
Expenditure OD Char4ta)le knlfjvwes
3,858.30
99,967.77
16.450.34
34.013.00
257. 14
12,342.56
20.565.78
146,323.33
21.797.35
102,392.45
Total Expèndilvre
Gain￿lI0588sI on Investment
103.828.07
fj08 98
So.4￿34
12,599.70
186,889.11
724.37
124,189.80
2,743.16
7b
115.39
N•t IncunellExpenditurel
130J80.851 139,575.701
6.014.80
115.39 183l28.36} 118.727261
Transfers
Gr(tss Iransfet5 i*twEen Funds
1109,525.601
109,525.60
0th8r Recognised GainsllhJs$8sI
Net Movement in Funds
(139.906.451
69,949.90
6,01&80
115.39
163.828.361 118,727261
R•conciliation of Furlds
rot41 Funds brtsughl forw¥d
240,36179
9,800.13
10,144.93
5,040.98 265,349.83
284,077.09
Total Funds carrfed fopward
11)0,457.34
79.750.03
16,159.73
S,156.37
201,523A7
265,349.83
Thtr staternent offtnancial xtMlie5 I[￿ludeS all gair6 ar¥J bss85 in the ywr and therefore a 518tement of total recogni8ed gains
and k)5S85 has not been wepared.
The 20Y6 ￿MporatIve statement oflinartial aGINitie$ 1$ In note 6.
Approved by Ihe PCC on
and svJned on thar by
15">"20J%
Th• R•vd. Prnb. Susan RO￿rtS IPCC Chaimi*nl
The notes en pages 5- 17 lorm part ofthe8e xcounts
P4g• 3

st Paul'8 Church. Ho￿t¢S￿- 1128921
Balance Sh¢¢t
fof th• y•ar end•il 31 D8c•rnb•r 2024
3111212024
3111212023
Note
Fi¥•d A5$ets
Inveslments
7b
51,282.16
50,557.79
51,28116
50.557.79
Current Asgets
Debtors
Cash at Bank and In Hand
12,99293
167,823.31
1,945.79
227.230.71
180.81624
229,176.50
Li•blliU•$
Cr8dilors'. Amounts falling due In year
10
130,574.931
114.384.461
N•1 Cufrènt Assets less Current ￿8b￿llIeS
150,241.31
214.75104
Total Net Assets ￿$$ Uabfjlltt*s
201.52147
265,349.83
Represented by
Unrestricted
General Fund
1DJ,457.34
240.363.79
Designated
Choir FurKI
Mackarness Haa
Ouir8ach Fund
st Pauls Fal￿ Fund
189.87
181.21
7.718.48
71.841.68
9.618.92
R•stiict•d
Flower Fur*
Narthex Refurbkth)eTrt
Organ Fund
St Paul's Maintenance
St Paul's Healing
Youlh Fund
Sa. Sb
659.45
563.81
fj.087.68
2.848.15
6,000.64
631.05
538.10
6,206.06
2,216.86
sf
552.86
Endowment
Sl Michad5 Churchyard
7b
5.15&37
5.040.98
Funds of Church
201.52&47
265.349.83
The notes on pages 5- 17 fotrn pari of thgse accaunts.

St Paul'$ ¢hur¢h. HOn1¢￿- 1128921
In¢cffiln9 R•sour¢
lor theyear ending 31 December 2024
Unrestricted
Funds
Designated Restricted Endo¥nnent
Fund$
Funds
Funds
Total
Fund5
2023
Total Funds
2 Incomo and Endownet
2a Donations and LÈga¢ie5
Flanned Gimng
Y81k>w Envebpes
Looso Plate QA1$￿￿jnS
Colle¢bons Spec4al Servic88
Giwng through Wall Sale
One-off Donatior
Cont8flles$ Giving
Tax Recoverable on Grft AKI
LeGacie$
One-off GTanls
29,510.86
326.00
4,665.38
157.$8
1,077.31
1,792.99
645.00
6,251.02
29.510.86
326.00
4.665.38
219.58
1,436.43
1,797.49
9.557.00
6,251.02
25,822.37
455.00
3.721.82
605.10
1.347.83
3,946.17
62.00
359.12
4.50
8,912.00
7.258.97
20,125.00
100.00
7.500.00
7.500.00
4V28.14
16,771.12
61.263.76
63,43&76
2b Incom• Irr￿ Charilable Activities
Tearn Fe85 for Burials
Tearn Fe8s ex¢. BuDaL%
Chur¢h Letting5
Crypt Letting$
Fore¢ourt Lettirw5
Lodg8 Letting
9,233.00
3,423.00
817.87
475.1)0
30.00
6,600.00
9,233.00
3.423.00
817.87
475.00
30.00
6,600.00
9.744.00
3.845.(K)
1,179.36
1.125.(M)
20.00
6.6LM).QO
20,578.87
20.578.B7
22,513.36
2c OtherTrading Activities
Fund R8ising- Charrtable MissK>n
Fund Raising- Churth
Fund Rai5ing- Speufic Prqeds
Coffe& MornirvJs
Church Groups I Cltjbs
Procoeds frorn Events
Mackarne55 Hall Letting5
256.72
168.50
256.72
168.50
1.511.65
3,395.56
632.30
798.49
9.724.00
465.37
1.043.55
1.511.85
3.395.56
632.30
62.00
3,747.93
623.27
266.98
7.096.52
736.49
9,724.00
4,515.08
10.460.49
1.511.65
16,487.22
13,243.62
2d Inveslments
Int8resl and Divkyends
3,221.20
360.6S
331.73
3,913.58
2,725.74
3,221.20
360.65
331.73
3.913.58
2,725.74
2• Oth•r In¢om•
Printlnglphotocopying Roch8rges
￿￿9118neDuS
80.00
14.95
793.00
14.95
94.95
95
800.90
Total Income and Endovnn•nts
72,83&24
10,887.64
18.61&50
102.338.38
102,719.38
P4g• 5

St Paul'• Chur¢h. Honlton- 1128921
Resour¢*$ Expended
for tho y¢¥*nd•d 31 Oe¢embÈr 2024
Uni*$tricted
Fund5
Designated Restricted Endowment
Funds
Funds
Funds
Total
Funds
2023
Totsl Fvnds
Exp•ndltuT•
3a Raisiny Funds
KitC￿n Running Costs
Macknrness Hall Costs
Mackarne55 Hall UtAity BilL%
St Michads L￿ge costs
Fundraising EXper￿rture
1.313.18
415.44
13,074.74
2.960.16
1.728.62
13,074.74
2,960.16
2.491.66
310.60
1,164.31
16,332.54
2,482.36
1.770.58
47.56
2,491.66
53.46
257.14
3,85&30
16.450.34
257.14
20,$6&78
21,797.35
3b Exp¢ndhur• on Charltsble Actfvtti¢$
Common Fund
charitab￿ Mission Payments
Stsff Salanes
Cl8rgy Expenses
o$t ol S&rvI￿$
Churth Running ExptrTrse8
Organist Fees
Fbwer5
Youth
Olhef Outread)
Insurance
St P8ufs Man18nanc
Health and Safely Inspedi￿ Fees
R8fUrb￿hMenI Costs
St Paufs Utility Bills
Sl Paufs Forecourt
Sl Michael's Churchyard
Monkton Churthyard
Administration
Phone Bitlslbroadband
Printing and Phot￿pyIng Costs
Bank Charges
Professional Fe8S
Mi5cell8neous Expenses
43.89&00
556.72
8,527.25
4,320.00
1,429.38
1.094.52
750.00
43,893.
556.72
12.409.20
4.320.00
1,817.50
1,490.52
750.00
43,395.00
843.83
12.O19.43
4.320.00
1.561.24
2,798.66
825.00
44.00
5.99
1,075.85
4,860.70
1,392.61
1,872.46
207.50
12,869.22
365.00
8,10648
480.00
195.05
648.07
1.314.60
252.33
2.283.48
655.95
3.881.95
388.12
396.00
32.62
5.557.68
1.584.61
552.88
2.170.09
5,557.68
24.332.72
1,895.53
11,007.47
16.735.77
527.99
9.199.73
180.(KJ
588.98
691.17
1.fj81.23
432.46
6.021.60
63.97
24,332.72
1.895.53
11.(K)7.47
16,735.77
527.99
9,199.73
180.(K>
588.98
691.17
1,681.23
328.23
1,914.00
63.97
104.23
282.00
3,825.eO
99,967.77
34.013.00
12,342.56
146,323.33 102,392.45
Total Expenithture
103.82&07
50.463.34
12.599.70
166,889.11
q2418&80

st Paul's churc￿ Honlton- 1128921
N01•5 Its th• Financi•l Slat•ment5
for the yewended 31 D￿ember 2024
4. Staff Costs
Staff Salar￿$
Duriro th8 y8arthe PGC errsployed 1 adrnni5tratOTarbd 1 Cl￿ner, rbone of whom weT8 paid more than £10.000 in t(rtal.
T8mpor8ry cfg8nists were wnpbyed durfng thè year.
No rnember ofthe PCC claim8d Ifaveling u subsL8lence expenses. Redathed expense5 by PCC rnernber5 fcy costs ￿curr9d on
beh81fol the church amounted lo £4,563.78. PL4nn8d giving frorn m8mb8rs of th8 PCC arntyJnt8d to £2,687.06.
5a. D•po$il Accoun15
Th8 PCC'$ d8posIt acwjnt is held wtthin the C8F Chjrch of England FuThls.
CBF Funds
2023
Net
translew5
Intefe5t
Interest
Irestrictedl lunrestrictedl
2024
General
Narthex Refurbishment
St Paufs Ma41tsnan¢e
OryaTr
Youlh
Choir
34,571.20
538.10
2,570.
1,774.68
38,915.88
563.81
15,151.851
6.087.68
25.71
15,783.141
6,206.06
552.86
181.21
594.41
631.29
1396.001
1552.861
277.62
8.66
189.87
622.81
7,718.48
28.40
Outre&h
9.618.92
12,252.431
351.99
46,479.82
331.73
2.13S.33
48,946.68
Sb. FI￿r Fund Cuff•nt Account (Reslrictedl
In addrt￿n, to funds held for flowers in the CBF Dep(61 At¢ounL thè flow8rfund current a¢wJnt 15 rnanaged by Belind8 Thalther,
Ih perMisS￿)n ofthe PGC.
2024
2023
Re￿(p¢S
Donath)ns
Interest
Poymtnls
Flowers etc.
Net Alovement in Funds
Total Funds brought fonvard
36.64
36.64
Total Funds carrfed fowward
36.64
Page 7

St Payl'• Chu￿￿ Honlti)n- 1128921
Notes to the Flnand41 Statements
for th* •nded 31 December 2024
SL Mackarness Hall Account IDe5bJn8bJl
See note 781iil.
2024
2023
Income
Lèttings
Interest
9,724.00
7,096.52
Total Income
9,7XOO
7.096.52
Expent1rture
12,960.161
13.881.951
12.482.361
14.290.361
Salaries
Insuran
Running CostsNaintenance
113,074.741
17,866.fr31
Tot•1 •xpenditure
I19.916￿5)
114.638.81}
Net Inc¢Yne 4Exp•ni*tur•l R•sources before transfer
110,192.851
17,542.291
Gross trdnsfers- in
Gr05$ transfer5- Out
10.192.85
6.289.72
Net Movement in Fvnds
Tolal Fund5 brought fon¥ard
11,252.571
1.252.57
Totsl Funds ¢•rri•d fcThard
Page 8

St Paul'• Chur¢h. Honlton- 1128921
Notes to the Financial Slatements
for th• y•ar ended 31 Decernber 2024
Sd. St Paul's Malnt•nan¢* CBF D•posl¢ A¢wunl IRestFict*Jl
Tha St Paul's mat'nten0n￿ Fund com￿SeS a National Savirys Bond ￿th the value of£8,000.00 fund$ tsk1 ￿ the CBF Deposit
Account as Slown beh)w.
2024
In¢ome
Giving through fiocy saf8
Contactless GNino
On¥>ff Grants
FundralsltYJ Events
Interest
359.12
276.00
291.04
Total In¢om•
635.12
291.04
Expendilu
General maintenance
El8CtrirAI repairslr8wiriTrg
chilect I Inspedton fees
Fees M Conta(1￿5 giv#ig
132.411
1467.491
11,732.711
13.831
Total Expenditure
13.831
12,232.61)
Net InC(￿e IIExpenrfiturel Re50WC05
beloretransler
631.29
11,941.5n
Gross transfers-
Gr0>5 transfers- out
N•t Mov•nent in Funds
Total Funds brought fowward
631.29
15.783.141
11,941.57
13.841.57
Tot•1 Funds ¢ath•d fomard
16,161.851
15.783.14}
Summary
Natio￿ Savings
CBF Deposil Atxounl
7b
8,000.00
15.151.851
8.000.00
15.783.141
11¢
2.848.15
2,216.86
P8ge 9

St Paul'8 Churcty HO￿ton- 1128921
Not•9 lo the Finanaal Statements
lor th• y*ar ended 31 Ikernber 2024
S•. St Paul's F•brlc Fund It*ignatedl
In 2024, oeneral fund5 of £100,000 d?￿gnat*d th8 r8par and rnaintthan￿ of & Paul's Church. Funds held in ihe St Paul's
Fabric Fut)d are Sh￿ b810w.
2024
2023
In¢om•
Interest
Tot•1 In¢¢m•
Expenditure
General maintènancè
CleTèStory Window5
Tower Repair5
Architect I 1nSfft"￿ fees
14,991.521
112.848.001
16.493.201
I3,825.￿)
Total Expenditvre
128,158.321
Net Inc￿9 IIExpenditurel Re50vrces
b•fore transfer
128.158.321
Gross transfers. in
Gross tran$lws- oul
100.000.00
N•t Movèment in Funds
Total Funds brought forwwd
71.841.68
Total Fund5 carri8d forward
71,841.68
Pag• 10

S¢ Paul'$ Chur¢ty Monlt+)n- 1128921
Not•s to the Financlal Stat•m•nts
lor th• y•ar+nded 31 DecembFr 2024
Sf. St PA￿,* Hoatlno Fund (Restr￿￿ed)
In 2024. funds were ralsed lo improve Ihe heating of th& thur¢h. The fuNls hekl in the Sl Pauls Heating Fund are shown bebw.
2024
2023
Incorne
Give lo Go G￿en ¢ampaign
Give lo Go G￿t￿ lund-matching grant
Organ CthcertS
ChrL4trna5 Fayr?
7.908.00
7,500.00
1,610.20
629.45
Total Income
17,647.65
Exponditure
Heaters
In5tallHlion eosts
Facuty
Organ concert expenses
C8rd Fees on Cwlactless Glv(ng
18,403.Q)I
12.e04.471
1282.001
1257.141
1100.401
Totsl Expenditure
111,647.011
N¢t Ith¢￿0 IIExpenditurel Resour￿$
before transfer
6,000.64
Gross transfers- in
GrcEs iransfers. out
Net Movqment in Funds
Total Funds brought folward
6,000.64
Total Funits U￿red fuward
6,000.64
P8g• 11

St Paul'• Chur¢lK Honlton- 1128921
Note$ to Finan¢io1 SM•tement$
lorth• y•ar end•d 31 D8c•rnb•r 2024
6. Comparative Statement of Flnanclal Adlvlttes Is at 31 D•umbbr 2023
Unr•5tritt•d D•slgnahd
Funds
Funds
R•$trTrcled Endowment
Funds
Funds
Total
2022
Fund$ Total Funds
Not•
Incom* and Endtswments from..
Don81iort5 and Legacies
In¢ryne from Charitable Actwities
Ott)er Trading A¢b"vrtiEs
Investments
Other Income
63.094.72
22,513.36
5,880.12
2.3fj8.11
800.KI
50.00
291.04
63,435.76
22,513.36
13,243.62
2,725.74
800.90
48,754.42
21.239.00
13.948.76
1,517.64
660.00
7,363.50
139.69
217.94
Total Inccffle and Endo¥ments
94.65T.21
7,5S3.19
508.98
102.719.38
86,119.82
Ex￿ndI￿r* on:
Raising FU￿d5
Exp8Trditure on Charitable Acllvrtks
11.448.90
94,908.74
10.348.45
5.123.11
21.797.35
102,392.45
6,712.43
141.878.40
2,￿0.60
Total Expenditure
Gansll105s8sI on Inve8tment
106,357.64
2,306.22
1SA71.58
2,360.60
124,189.80
2,743.18
148,590.83
13,837.121
7b
436.94
N•¢ In¢om•llExp•ndiiurel
19.394.211
17,918.371 11,8S1.621
436.94
118,727.261 166,308.131
Transfers
Grw transfers belwft Funds
116,289.721
16,289.72
Other Recognised G8inslll¢)ssesl
Net Movem•nt In Funds
125,683.931
8,371.35
11,851.621
436.94
118.727261 186J08.131
Reconc55ialion of Funds
Totsl Funds brouoht lor4v¥d
266,047.72
1,428.78
11,99&55
4.604.04
284,077.09
350,38522
Total Fund5 ¢arri•d forward
240,363.79
9,800.13
lo.1￿93
S.040.98
265.349.83
284,077.09
Page 12

St Paul's Chur¢h. Honlton- 1128921
Not•s to th• Flnanclal Statements
for the year ended 31 D￿efflber 2024
7. Flx•d Assets for vse by the P¢C
74. fanpible Fix•dAssets
It has noi been possible lo ascribe a hi$1C￿C?l ¢ost tts the propertbs l]eld by the PCC. A oJrr8nt market valuation of Ihe propwdes
heNY by ihe PCC fannot be obtained Without incurring unreasonable expense.
lil Thè freèhold and building$ cwjwise St MiL*aal's Lcx190 which w*s acquired from Crmbg Settled Estate or RSchard IAarker
sometime beh¥een 1873 and 1901. The PCC took out 8 of £26,¢XK) in 2000 In(wrf luty reF￿￿1) to refirt)ish St Mich8el'5
Lodge lo a sulficient standard for rertal.
lill Exetw Dio(*san Tw5t is Custodian Trustee d the Mackarness M811 and the Rector and Churchwaiden aT8 Ihe Managing
Trustees orthi5 property, whKh, on 28 March 2010. r&verl&1 back to the PGC Imm East Oevon Dislricl Counal.
7b. I￿V￿*￿ent￿x￿As$•ts
Mark¢tV•lue
3111212023
Unreali5ed
insll105sesl
Market Value
3111W2024
1177 shares +n the CBF Church of Eng￿nd IFw8stmènÈ Fund
223 5h8res in the CBF Church of England Invesltnenl Fund
ISI Michael's d)urd)yardl
Natlonal Savings Bond Imaintenanc81
CBF Deposit Accounl 1150020290
26.606.44
608.98
27.215.42
5.040.98
8,000.00
10,910.37
115.39
5,156.37
8.000.00
10.910.37
Total marketvalue
50,557.79
724.37
51,28118
8. Analys1$ of N•tA55ets by Fund
Unrestricted O•slgnat•d
Funds
Funfl$
Re$td¢t•d Endo*mont
Funds
Funds
Total
Funds
2023
Total Funds
Fixed A8s8ts for Church use
Inve5trnenl FrKed Assets
Curr8ntA55ets
Currenl Liabilits85
38,125.79
8.000.00
67.562.96
94,525.08
18.728.20
15.231.411 114.775.051 110.568.471
5.156.37
51,282.16
50,557.79
180,816.24
229,176.5CI
130,574.931 114.384.461
B•lances
100,4S7.34
79.750.03
18,1S9.73
5,15&37 201.$23.47
265,349.83
Page 13

St Paul's ChurclK Honlton- 1128921
Note$ IL) ¢h¢ Financial Stst•m•nts
for th* y••r•rbd•d 31 December 2024
9. Debtcffs
2024
2023
Debtors
General Fun
eallng Fund
UnTeslr￿8d
R8Stri¢ted
5,492.93
7.500.00
1.945.79
12,992.93
1,945.79
10. Cr8thtor5
2024
2023
¢r¢ditors
Mackarness Plall
Outr8ach Fund
General FuFbd
Fabric Fund
H8aliTrg Fund
Designated
De5wJnat8d
Unrestricted
Desrunate
Restrthd
472.05
761.40
5,231.41
13,541.60
10,568.47
3,154.85
446.48
10,783.13
30,57&93
14,384.46
11. Futhd5
Il•. Unr•sthcled Funds
At
3111W2023
Gains and
ILos$t$l
At
3111J2024
Income
Expenditure
Transfers
General Fund
240.363.79
72,83&24 1103.826.071 (109.525.601
fjCfj.98 100,457.34
240,363.79
72M36.24 1103,82&071 1109.52&601
e08.98 100A57.34
General funds
Th88& funds are avai￿￿8 lorthe gener81 furtheranrA and O￿.e￿Ves of the PCC.
Ilb. D8signatedFunds
Gains and
IL05ses1
At
3111212024
3111W2023
Inc￿￿•
Exp•ndtlufe
Transfers
ch￿r Fund
Mackarness Hall
Oulre*h Fund
Fabrfc Fund
181.21
8.66
9,724.00
1,154.Y8
189.87
119,91fj.851
12.388.171
128.15B.321
10.192.85
1667.251
100.OtM).00
9,618.92
7,718.48
71,841.68
9,800.13
10,887.64
150,463.341
109,525.60
79.7SO.03
Design&leatlunds
Choir FurKI- Th&5e fund5 are dosignal8d for use by th8 c￿lf.
Mackarne5s Hal- These frJnd8 are d8Slgnated fly the wnning olthe Mackamess Ha51.
Outr8ach Fund- These fur*Js a￿ desIg￿ted lor the purpose of extending St Paul's rnissDn 8nd outreach.
Fabric Fund- These funds are t1esignated for Ihe repair and m8intenance of St Paul'8 Church.
Page 14

St Paul's churc￿ Honlton- 1128921
Notes to the Financial Stat¢m•nts
for tho year •nd•d 31 Dectrnber 2024
Ilc. R•strictedFund8
At
3111212023
Gains and
(Losses)
At
3111%2024
Income
EX￿ndit￿r•
Tr4nsfers
Flower Fur¥J
Narthex Refurbishment
Organ Fund
Healiro Fund
St P8uI'$ Maintenaneè
Yrrtjth Fund
631.05
538.10
6,206.06
28.40
25.71
277.62
17.647.65
635.12
659.45
5fj3.81
6,087.68
e,(￿.64
2,848.15
1396.001
111,647.011
13.831
1552.861
2.216.86
552.86
10.144.93
18.614SO
{12,$99.701
18,159.73
Restrictedfvnds
Flower Fu￿- FurK* rec8W8d h8k8 S￿￿ficaty forthe p￿S1On dflowers in St P8uI's.
Narthex Fund- Funds re￿ived and he￿ ¥eofically for th8 upkeep of Narthex.
Ofgan Fund- Fund5 received and held sp8cfficalW for upkeep of the or9an.
Heating Fund- Funds re￿1ve(l and held speUrral￿ forthe imwovement of the healing system at St Pauls Church.
St Paul's Maintenance- Funds weiveo and held speCifi￿lIyfar the maintenarr* of St Paul's.
Youth Fund- Funds ieceiv8d and hekl specifically for the provision ol ￿th servKe&
Ild. Endowm•ntFund$
Galn$ an
ILos$•sl
At
3111212024
3111¥2023
Inc¢Jm•
Expendilure
Transfers
St K4icha8L8's Churchywd
5,040.98
115.39
5.156.37
5.040.98
11S.39
5,1K37
Endowrnent lunds
To be appl￿d in ac(xydanc6wfth the Exeter thr￿eS8n ￿8rd of Finance.
12. A¢¢ounllng Polictes
Th&s8 finanaal $lalements have prep8r8d in r￿mpli8nc8 with FRS 102, The Financial Reporting Sta[￿rd applicabk ￿ the
UK and the Republ￿ of Ireland., the Stat8rn8nl of Reccmmended Pradice applicable to chatitias preparing their a(%ounts
accordan￿ vrith the Fnanual Repxyting Stsndard appIl¢ab￿ In UK Repu￿￿ of Ireland IFRS 1021 Ichathies SORP IFRS
102118nd the Charities Ad 2011 and in aG(x>rdgnce *ilh the Church Accounting ReguLqtioTrs 1997 a5 arnended by the Church
Accounting (Amendment) Reouknlion5 2W6.
Th8 finanaal statements have b88n preFqred undgr hiStOr￿al ftsl eA)nvention excepl valuation of nveslmenl as$ets,
wh￿h are shown at market Valu8.
The financial *atements are prepared in sterling, ￿lch 15 the fu￿tiOnal currency of the *)Ity.
Going ¢on¢wn
There are no rnateri81 U[K￿rtaintI8s PCC'S abllity to contlnue.
Disclosur• •x8mOl0ns
Ihe PCC has taken advant•Je (rf th¢ exemk*ion in FRS1￿2 ficffl the requirement lo produ(* a ¢asPfflow Statement because it
small charity.
Page IS

St Paul's Church. Honlton- 1128921
Not05 to the Financial Statements
for the year ended 31 December 2024
12. Accounting Polld•s (¢oniiftu•dJ
Judgements and key souK•$ of•St￿8{10￿ uncert8inty
The preparation of the finanoal statements requires manapmeTrt to make judgements, eSt￿ateS and assumptions that 8ffe¢t th8
amounts reported. These estimates and judg*nentS are continually review8d and are based on exper*n¢e and otlEr factor5,
including expectations of future eve￿$ ihat are believed lo be reasonable under the circuMstar￿e5.
CBsh and cash equivalents
Cash and cash equfvalents comprise cash on hand and call d8POSrt5, and oth8r sh¢Jt t8rm highty14uid inve8tm8nts that are readlly
Co￿Vertible to a known amount d cash and are subi8¢ttO an *isignrfi¢anl risk of chanp in v8kJe.
Firtancial instruments
A finan¢ial asset LY a finanual liabilty K recogTrised when the 8ntly b￿0M&S a psrty io Ihe conlractsjal pr¢%*slon$ of Ihe
instrumert.
Basic financial instruments are initially recognised al the amount receivable or payable i￿l￿dIng any related Iransa¢lK)n cos14
nless the arrangement ¢onstrtules a finan¢lng transaction, where 11 15 re(y)gni5ed at Ihe present value of Ihe fLrture paymenls
¢iscounta at a market rale of interest for a simihr debt instFum8nt.
Current 85sels and current liabifit￿5 are subsequertly m88wJr8d al the cash or oih8f cofsskleration 8XP8Cted to be paid or receivod
aTrd not dBcounled.
Debt hsirurrT8nts are subwu8ntly rneasur8d at amortised cost.
Fund$
General funds repr88ent the funds of the PCC that are not subjed to any restrict￿)ng regarding their ￿se and are available foi
aplication on thg oenwal purposes of the PCC. Fund5 desNJnaled for a particular wrpose by the PCC are shown as Unrestr￿ted in
Ihe acLX)unt8.
The accounts indude all Iran8actK)ns, assets and babilit￿8 for which Ihe PCC is rÈ8ponsible In law Ttt&y do nol indude the
accouF*ts of church oroups that their mavi affiliation tts another bExly or those Ihat a￿ informal galherings of church members.
In¢¢)mlng R•sources
Volunlarylncome and C8pltal Sour¢•s
CollÈctions a￿ r￿niSed when ￿eNed by oron behaWofth• PCC.
Incornetax r8c(y4erable on Grft Aid donatron5 15 accrued in thp aGWUnting year to whKh it is apptKable.
Granis and the PCC Ore accounted for as sw) as the PCC is notffjied of fts legal enliuement, the amount due is
quanlifuble and its ullimate receiprt by the PCC is r6asonabty certain.
Otherlncome
Rental inccme fr(Kn Ihe lettina of church premlses b recognised then the rental Is due.
Income from Investhlents
Dividends ar? acwunted for when due and payable. Interest enliuements are a¢£ounted foi as they accrue. Tax recov8rabla on
such Incorlle 15 1tt09nised in the same acco￿ting y8ar.
G8ln$ •ndLosse5 on Inv•sthionts
Realised gain5 or losses are recognised ¥¥hen inv8Strn8nts are sdd.
Unrealis6d g8ins (K k)sses are a¢xounted for on revaluation of In￿l￿￿nts St 31 Ikeem￿r.
Resources Used
Grants
Grants and donation5 are ac(y)untedfor wh8n paKI over. or bvhen aw¥ded, rf Ih6t 4ward creates a binding obligatioll on th8 PCC.
Ac¢ivitlo$ Dlre¢tly R•l*Ung to the Work of th• Chur¢h
The DI0￿$an C(mmon Fund 1$ a¢col￿ted for when paid. Any Common Fund Unpa￿ al 31 December bknt certain lo be paid in the
frjllowing year, provided for in these accounts as an operath?nal (though mt a legall liabilty and is shown as 8 ueditor in the
Balance She8t.
Page 16

St Paul's Chur¢h, HO￿ton- 1128921
Not•s to th• Fin•n¢fjal Statements
for the year ended 31 Decernbor 2024
12. Accounting Policie$ i¢onllnu•¢J
Flx•d Assot$
Consecrated Property 8ndAloval4• Church FumlshltJg$
Consecral&d and benefi¢ed wopertyfoi any kind Is excluded from the &(tou￿5 by $96(21 of Chaiilles PLt 1993.
Movabk church ftJFnishings held by the Rect￿ atKI Churchwardens on speual Iru$l for the PCC, arnl which requi￿ a facully for
ssposl. a￿ ￿)unted a5 Inal￿nab￿ yopwty unless consecrated. They 4re li51ed in the churth's inventory which can be
in5pected18t any reasonabl& timel For nalienable propèrty acquired prior to 2005 there is 1nsuffKient Wst inforniatDn availab￿ and
therefore such assets are not valued in Ihe acwunls. acquired sinGe 1 January 2005 are capitslised afid dewecwled in the
8c¢thJnts ovw their Cl*￿￿1￿ a￿tI￿pated uselul economic llte linitialty over 10 year51 on 8 Straight-line ba515.
l expendrtwe incurred in th& year t>)nse¢raÈed or benefKed building$, individual rtems under £SIX) or on the repair of movabk
church furnshings a(y4uThd befcfe 1 January 2005 is wri118n off.
OtherFlxturn$. Flttlnos •nd Offlr$ Equ1&￿•￿1
Equipment used Mthin t1￿ thurch prerni5es is depreciated cn a $traighl-Ilne basis ￿er 4 years. Individual iterns of equip¥nenl with
purchase price of £500 or less are Mrtlen off whèn the asset is acquired Equipment purchased frK the Matk2rness Hall is not
depreciated and the cost fuHy r8cognised in th8 y88r of purchase.
Inv05tments
Inv8Stm8nl8 ar8 shown at market value al 31 De(*mber.
Currtnt A658ts
Arnounts owing lo PCC 8t 31 Dgcembw in respe¢t of lees. rents or other income are shown as detrAors ￿8$ provIsM￿ for amounts
that may prove UnC￿le￿it￿e.
Short-temi deposls include c4sh ho￿ on deposit either with the CBF Church of Englar¥J Funds or at the bank.
Page 17

St P8uI's Church, HO￿ton- 1128921
Independent Examiner's R8Wtto IheTnMtoe5 of St Paul's Church, Honitolb
for the year ended 31 Decernber 2024
I reFK)rt to the Iruslees on rny examination of the financ181 statements of St Paul's Church, Honiton for the year ended
31 December 2024.
Respective ResponslbllltlK of the PCC and the Examiner
The charity's trustees are responsible for the preparation of the accounts. The charitys trustees consider that an audit
Is not rgquired for this yeaT under section 144 of Ihtr Charllies Aet 2011 Ilhe Charities Act) and that an independent
examination is needed.
11 is my responsibility to..
èxamine thè accounts undèr section 145 of the Charities Act.
to follow the procedures laid down in the general Directions given by the Chanty Gr￿￿1$S1On (under sgCtk)n
14515llbl of the Charltitrs Ad, and
to state whether particular matters have come to my attention.
Basis of this Report
My examination was cBrried out In accordance wilh general Directions given by the Chaflty Commission.
examination includ85 a review of th8 ottounting recx)rds kept by the charity and a comparison of the accounts
prèsèntgd with thos? rec¢xds. 11 also Includès con8ider8tDn of any unusual items or disclosures in the accounts, and
seeking eX￿anationS from the Irusl*s conceming ary such matters. The procedures undgrtakan do not provide 811
the evHlence that would be iequired in an audit. and consequenuy no opinion is given as lo whethgr the 8c¢ounts
pres8nt a tru8 and fair, view and thè report is Ilmited to those matters set out in the statement below.
Ind•p•nd•nt Examin•rf$ Statèmènt
In conngction wth rny exarninalion, no mattér has com to my attent￿n which gives me reosonable cause to
believe that in, any rnalerial respect,
accounting records were rK*t kept in accordance vfith section 130 of thè Charities Aet or
Ihè accounts do not accord wfth the accountlng records
I have Come across rK) ther matters in connection with èx8min8tion to which attention should be drawn in order to
enable a propel uThJerstandlng of the accounis to be reached.
Smy ACA
Indep•ndfrnt Examln•r
Westeotts
Chartered Accountants
Queens House
New Streel
Honiton
Devon
EX14 1BJ
Dated: Ib 1015
P•g• 18