ST PETER'S PAROCHIAL CHURCH COUNCIL BUDLEIGH SALTERTON ANNUAL REPORTS FINANCIAL STATEMENTS FOR THE YEAR ENDING 31ST DECEMBER 2022
THE PARISH OF BUDLEIGH SALTERTON Within the United Benefice of Budleigh Salterton, East Budleigh with Bicton and Otterton (known locally as the Raleigh Mission Community). ST PETER'S CHURCH Address for correspondence The Ralelgh Mission Community Office St Peterfs Church, The Lawn Budlelgh Salterton EX9 6LT ANNUAL REPORT FINANCIAL STATEMENTS OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31ST DECEMBER 2022 VICAR The Reverend Martln Jacques INDEPENDENT EXAMINER JAMES BICK F.C.A Blck Accountants Ltd Exmouth The Parochlal Church Council Is a rogistered Charlty- No 1130244
ADMINISTRATIVE INFORMATION The Parochial Church Council is a body corporate established by the Church of England. The PCC operates under the Church Representation Rules 2020 {Church House Publishing 2020). The PCC has been a registered Charity since 2009. The Council is responsible among other things for the maintenance of St. Peterfs Church Buildings and grounds and for the proper stewardship of the Church's financial resources. The Church is Grade11 listed. In planning activities, the PCC has consid8r8d the Charity Commission's Guidan on public benefit, in particular the specific guidance for charities on the advanment of religion. We try to enable peopl810 live out their failh as part of the Raleigh Mission Community through.. -worship and Prayer. -Learing about the Gospel and developing their knoedge and trust in Jesus. -Provision of Pastoral Care for all living within the parish. -missionary and Outreach work. The members who have seNed on the Parochial Church Council In 2022 are: Vlcar The Reverend Martln Jacques Churchwardens Mlss l G Cooper Mr C Parrish Mr P Rogers Mrs J Stewart Young Mrs E Milne Mr G Maddaford 2013 2015 2016 2015 2016 2019 Deputy Wardens Deanery Synod Mrs Christine Channon Mrs Tlna Ellett 2014 2020 Retlred Readers wlth Permlsslon to Officlate Mrs C Channon 2014 Elected members Mrs E Doorbar Mr D Waddington Mr B Laver Mrs S Rogers Mrs B Schmldt.Relche Mrs J Steele Mr Christopher Briscoe Mr T Gray 2020 2015 2017 2019 2020 2018 2019 2012 Mrs B Clement 2017 Lay Chair Hon. Secretary Hon. Treasurer In Attendance Mr S Hitchcock (St Petefs School)
Structure Governance and Mana ement The method of appointment of PCC members is set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral roll so as to be eligible to vote andlor stand. Commlttees The full PCC have met 3 times in the year both jointly with the other churches in the Raleigh Mission Community and separately to discuss matters pertaining to St Petels only, these meeb'ngs happen on the same dates. The Pastoral Care Team continue their wort in the community and have started to make home visits again following the lifting of COVID restrictions. All other parish a'vI.eS have resumed and continue to grow. Achievements and Perfom)ance. The nomial Sunday attendan has reached pre Pandemic numbers being between 100 and 120 for Iwo services and with a growing number attending choral evensong which is held once a month. 2022 has seen the commencement of the eagerly awaited car park project which was scheduled for compleleion in September. Unfortunately, due to ongoing delays the car park whilst fjjnctsoning well remains incomplete. Following the lifting of restrictions due to the Pandemic, 9 Baptisms & 3 Weddings took place. 36 Fun8rals or memorial seNices were held in Sl. Peters Church, at the St Peter's Burial Ground or at a cremalorium. The Number on the Electoral Roll was 149, roughly as for the previous year. Parlsh Mlnlst Team Vicar., The Reverend Martin Jacqu85 Retlred Cle The Venerable Dr Trevor Jones, Rev'd Canon Mike Williams, Revd Colin Randall and Rev'd Christopher Cant, Rev'd Margarel Scrivenor were joined by Rev'd Jean Burrows during the year and have assisted al a number of services, funerals, baplisms and weddings for whith kirKlness we are mosl gralefijl. Re orts for the Sl Peterfs APCM Raleigh Mission Community vicarfs report for St. Peterfs Parlsh church Budlelgh Salt8rt0n. The last year has been a roller coaster ride that has put St. Peterfs church, like all churches under extreme pr6ssure. But as I have said before, vthile we have lrtde or no control over what happens to us we have greater control on how we respond, and I have to commend everybody in our church for working ts'relessly to keep our church open for worship when all around us were closing their doors. The pandemic has stymied the undoubted progress made on all levels up until 2019 but now with the pandemic now seemingly mostly in the rear-view mirror we can be very pleased as we look around that we have come through it all bloodied but unbowed. Our musical tradition has always been strong but the choir under the direction of Stephen Tanner is producing marvellous work, choral evensong is up and running again and increasingly popular, Sunday and Wednesday worship are well attended with many new faces and we feel we have the stability now to try and reintroduce the Friday 11.30 service. Existing and new retired prrests coming to provide their ministry is opening new avenues in relation to young people and perhaps home groups. Events have taken place in church such as the °seat al the table. event in February, Ihe Peter Hall is getting back lo full operating capacity, the Music and Literary festtvals are t*)oked in for their respective programmes, and a great new year quiz was well attended and a great sociable event. Loaves and fishes, and the solo's lunch are back up and running prowding a great sooal servtce and our administrator FranSCa Mills continues to provide excellent administrative support as do all the servers, sides people, readers and intercessors in a great collective effort. Times have been tough but in my view we are well positioned to fa the future with confidence.
St Peters Church , Budleigh Salterton SafeguaTding Report 2021.2022 There have been no specific incidents to report this year. Safeguarding continues to be a standing item in the PCC meetings and on the joint agenda of the Raleigh Mission Community- The representstÈves from the 3 parishes meet with the clergy yearly to raise any issues, acknowledge good practi and to identify areas where input is needed. We continue to receive regular updates from the diocese safeguarding team. The domestic abuse policy was adopted by RMC in September.Tina Ellett & Fran Mills hold the safeguarding roles covering th8 3 Churches ofthe RMC. Both Tina and Fran have completed their appropriate C2 training. Tina was nominated as RMC representative for Safer Recruitment and continues to be eviden checker for DBS. Joint Foundation & Level 1 safeguardimg training for all members of the 3 PCCS is planned for eady 2023. The majority of the Pastoral Care Team completed face to face training (CO &', C1) arranged through the diocese l Jan, 20}. The focus now is to meet our parish's training needs and Fran Mills, our clerk, to conlinue to collate a central record of training for the RMC. The Church & Peler Hall Our church is open to our community for private prayer every day beeen 9.00 & 5.CN)ish. Both the Church and the Peter hall are wdely used by the worshipping and cultural community with the church hosting Music & Literary events which provide income for upkeep and bring strangers into our beautibjl building. The Peter Hall provides accommodation for many church meetings & receptions as well as for local dubs and socities. Charges for extemal use provide a useful income towards the upkeep and utilities for the hall. The kitchen in the Church Hall is well appointed and this facility enbles the provision of CA)mmunity lunches each month which are well attended and provide both spirttual & physical sustinence & fellowship for those attending Pastoral Care Some members of our parish are unable to attend thurch due to sickness or age. Reverend Martin Jacques has wsiled all church memb8rs who have requested it, to lebrate communion with them either al their homes or in hospital. Jenny Steele has conts'nued to organise a rota of volunteers to visit all who are sick or unable lo gel out for any other reason to keep them in touch with church life. Misslon Following the retirement of Heather & Davld Sharland St Peters has partnered with Interserve Missionary Society. Wendy nee Powell and her husband Yong serve in Cambodia with InterseNe and are supported by annually dedicated ojllections and sernions. Opportunites to support others through th8 Local Foodbank are encouraged as well as donats'ons to good causes & stewardship. Our parish magazine (Mini magl is distributed monthly. The magazine keeps our parishioners infomied ofthe important matters affecting our Church and artides of general interest are also induded. Ecumenical Relationships The church is a member of Churches Together in Budleigh, following the pandemic joinl events have been irregular but it is hoped that as restrictions are lifted this will change. Flnanclal Revlew Total income in 2022 was £193,065. The planned giwng through envelopes and standing orders decreased by £3,780 as a result of losing some donors. Total income increased by 220/0 mainly as a result of grants received towards the carpark projed. Apart from planned giving and legacy receipts. all other income sources were higher Ihan for 2021. £319,444 was spent to provide the Christs'an ministy from St. Peterfs Church, including the contribution to th8 diocesan parish share1£94,137) which increased by 1.4'A in the year and enables mission and ministry lo be provided across our di0Se. The sum that the churches in the di0Se are asked lo find is calculated
according to a formula that is based mainly on the number of people in the worshipping community. Planned major works from the last quinquennial report were carried out earlier in the year. A major project to completely resurface and extend the carpark was almost completed by the end of the year at a cost of £129,245. Grants towards this of £20,000 were received. Another £50,000 grant claim from a government community project fund was anliopated bul was tumed down unexpectedly just before the contract commenced. £50,000 towards the carpark project was loaned to the PCC by the Diocese of Exeter, lo be repaid in instalments over ten years. Permits to park are now paid for by regular church attenders to assist in repaying the loan. For most charities the carpark cost would be treated as capital expenditure to be written off by depreciation over the useful life of the asset. However, as the carpark land is consecrated and doeas not belong to the PCC, current guidance is that such costs must be written off in the year they are incurred. Propety running costs also saw a significant increase, largely due to much higher costs of fuel for heating and lighting. The deficit of expenditure over income before taking account of investment perfornian was £126,379. Some investments were sold to support cashflow at a loss of £3,819.There was a decrease in market value of investments of £23,906, in line with global markets following the Russsian invasion of Ukraine. The net result for the year was a deficit of expenditure over income of £154,104. Adding reserves brought forward at the beginning of the year, the balances carried forward at 31 December 2022 totalled £182,294, £62,975 of this is carried forward in designated funds for fabric repairs, yOLrth activit'es, music, and training. £870 is carried forward in restricted funds for church flowers. 2022 was an exceptional year as a result of the carpatft project which was mostly funded from reserves. However, our continuing excess of routine expenditure over income which needs to be addressed. The level of regular, repeating income must b8 r8viewed and musl be increased rf the ministry from St Peter's is to continu8 as il is al present. We cannot rely on legacies and investment markets. A stewardship campaign needs to be re-launched on a new basis in 2023 and carried on until the finances are on a stable footing. Reserves Pollcy It is the policy of the PCC lo hold enough in gener81 cash reseNes to cover nomial running costs for the foreseeable future in order to allow sufficient time for income levels to be improved. Reserves have been designaled to cover the cost of repairs to fabric arising from the next quinquennial survey and from normal wear and tear. There are small designated funds to cover the cost of music, training and youth activities. The Reverend Martin Jacques
Independent Examln•f$ Report to the Trustees of Th• PCC of the Eccl•siastil Par5sh of Budlelgh Saltgrton I report on the accounts of Th8 PCC of the Eixlesiastical Parish of BlIeh Sali8rton for the y88r endèd 31 Dember 2022 which a set out on pag8s 8-17. R•$ponsibilities and basls (rf report As thè charis tnjstses you 8re responsible for th8 prp8ration of tha ac£ounls in accordanca with th& requirernents of the Char¢ts"es Act 20111lha kr}. I rgport in respoci of my examinalion of tho charitys nts ThIed cJt under 8eclion 145 of the Act and in ¢8rrying out my ax8min8tion I have followed all ihe applic8blo Directio gNen by th8 Charity Conwnission undér section 14515llbl of the Act. Ind•pendent •xamln•e$ $ttern•nt I have completed my èxaminati. I confim that no material mattars havg ¢0rn8 to my 8ttonlJon in connection with th8 examination gIng m& cau38 to b61i8v& th81 In any material re8pecL accounung ro¢ords were not k8Pt In rO$t of the charity 88 rèquired by sg¢lon 130 01 the Act., OT tha gccounts do not accord wilh tho¥e records," or tha awounts not comply t tho 8pplICab raquirèmenfs conc8min9 Ih? lomi and ¢Ctant of ae¢ount8 S6t out in the Ch8Trties (Accounts and RepKJrtsl R•gul¥th'ons 2008 othèr any iaquirwnent that the accounts glvo 8 'tru6 and fair vwt ¥thlc18 not a mattèr ¢onwdered as part ol an ITrjend•nt oxaminatlon I have no concems and have come o¢ross no Other matters in connection wth the examina.On to which att¥ntton should be drawn In thi$ report in order to enable a prowr understsnding ol tho a¢¢ounls to ba rnached. Mr Jamos BKk FCA Chart8r8d Accountant Blck Accountants Ltd 18A Llttleham Road Exmoulh EX8 2QG D818.. I,É.. 21.L3
Parochial Church Council of St Peter, Budleigh Salterton Statement of financlal actlvltles For the year ended 31 December 2022 General Desi8nated Restri¢ted Funds Funds Funds TOTAL TOTAL 2022 2021 Notè In¢ome Voluntarylncome 21•} 121.108 Actlvltles for generatlng funds 2lb) Income from Investments 21cl 21dl 2.500 21.878 145,486 6.889 127.518 6.889 2.308 6,145 21,989 6.570 30.341 6,570 34,120 193.065 Church actlvltles 3,149 12.538 630 Total Incom• 158.019 2Z.508 157.960 ExpAndltur• Church actl)Atles 3{a ) 171,099 171.099 126.079 126.079 22.266 22.266 319.444 319.444 174.883 Tot•1 experltUr 174.883 Net Income/{expendttur•) b•for• Inv•stm•nt 8alns/(10ss•s> 113,080} 1113.541) 242 (126.379) 116.923) G•lnl(loss} on sale of Irw•stm•nts GaIn/{l5} on r¢v•lu•tSon of Investment a##•ts 13.819) 13,819) S{bl 23.906) 23.906 30.273 Net Incom•/lexpendltur•) 140.80S) (113.S411 242 1154.104) 13,350 Trawssf•r b•tween fund (62,0(K)) 62,(MJO Total fund$ bro4Tht forward 221.254 114.S16 628 336,398 330.825 Total eunds carrled forward 118.449 62.975 870 182.294 336.398 The notes on pages 10 to 17 form part ofthe5e financial statements
Parochial Church Council of St Peter, Budleigh Salterton Balance sheet at 31 December 202Z General Designated Restricted TOTAL Funds Funds Funds 2022 TOTAL 2021 Note Fixed assets Tènglble Investments 51al 51bl 7.930 7.930 870 180,082 870 188,012 13,617 240,808 254.425 60,181 119.031 119.031 68,111 Current assets De btors 8.969 2,098 769 11.067 9,888 77,973 87,861 Cash at bankand In hand 50.999 51.768 59,968 2,867 62.83S Llabllltles Credltors:amounts falllng due within one year Net current as5ets/llabllltl•s 9,630 15.806 25,436 37,399 5.888 50,338 (12,9391 81.973 Llabllltles falllng due after on• y•ar 43.117 43,117 Total n•t ass 118.449 62,975 870 182.294 336,398 Parfsh FurKIs Unrestrlcted General 118.449 118.449 221,254 115,144 336,398 Deslgnated Total unrestrlcted 62,975 62.975 118.449 62.975 181,424 Restrlrted 870 870 Total parfsh funds 118.449 62,975 870 182.294 336.398 Approved bythe Parochial Church Council on 7 February 2023 and signed on its behalf by Aerfd Martin Jacqu Chairmanl and Mr Antony Gray Ipcc freasurerl. The note5 on pa8es 10 to 17 form part of these financial statements.
Notes to the financial statements For the year ended 31 December 2022 Accounting pollcles The PCC Is a publlc benefrt entity withln the meaning of FRS102. Thè financial ststements have been prepared under the Charities Act 2011 and in accordance th thè Church Accounting Regulations 2006 governing the indivldual accounts of PCCS, and with the Règulations, "true and tsir Vie provisions. together with FR5102 as the applicable accounting standards and the 2019 verston of the Statement of Recommended Prnctice, Accountin8 and Reportin8 by Charitie5150RPIFRS10211. The financlal statements have been prepared under the historical cost convention excèpt for the valuatlon of investment assets, which are shown at fair value. The fftnanclal statements are presented in pound$ 5terlirg and rounded to the nearest pound. Income and debtors Incomln8 resources are included in theststement of Financial Activities ISOFAI when the PCC becomes legally entltled to the use ofthe resources and inflow of economic benèfit is probable and the monetsry value can be measured with sufficient reliability. Funds ralsed from events are reported gross in the SOFA except where asso¢iated expensès are not material or where It Is Impractlcal to identify them sèparately. Grants and donatlons are included in the SOFA when any pre-conditions preventing their use by the PCC have been met. For Collections and planned giving thi5 IS when the funds are recelved. Glft ald and other tax clalms are Included in the SOFA at the same time as the cash donatlons to which they relate. Glfts In klnd for sale to fund the PCC are included in the accounts at their estimated fair value at the date of glft, if feasible- or else reco8nised when sold by the PCC. Glfts in kind for the PCCS tswn use are Included in the SOFA as Incoming resources at their fair value when receivable, and expensed as and when consumed in use. Glfts of flxed assets, if fflaterial. are Included in the balance sheet at their faSr value and expensed over the assevs useful economic Ilfe. Legacles a a¢¢ounted for when the PCC is legally entitled to the amounts due. Grants re¢eSved as a contributlon towards specific expenditure are held as a deferred asset untll the cost of the expendSture Is incurred. Donated services and faclllties are Included In income land at the same time in resourees expended) at the estimated fair value to the PCC of the service or faclllty received. The value of any voluntary help reiVed 15 not included in the a¢¢ounts but Is descrlbed In the irustees, annual report. Rental Income from the letting of the church premises and facilities is reco8ni5ed when the rental is due. Dividends are accounted f¢*r when receSvable. Intèrest is accrued. Investment gains and losses include any gain or loss on the sale of Investments and any galn or loss resvltin8 from revaluin8 investments to market value at the end of the year. Debtors are measured at theiT recoverable amounts, the amount the PCC antklpates it will recel¥e from a debt orthe amount it has paid in advance for goods or seryices. Expendlture and Ilabllltles Uabllitles are recognised as soon as there is a legal or constructive obligation and settlement Is probable and quantifiable. Governance costs Include costs of the preparation and examination of statutory accounts, the costs of trustee meetlngs and cost of any legal advi to trustees on govemance or constitutional rnatters. Grants payable without Pefformance Conditions are recognised in the accounts when a commitment ha5 been made externally and there are no pre-conditions still to be met for entr(lèment to the grant which remain withirb the control of the PCC. The diocesan paiish share is attounted for when due. All otherexpenditure ts gènèr311y recognized whèn tt 15 incurred and is actOLEnted for gross. io
Assets In $0 far as consecrated and benefice property of ony kind is excluded from the statutory definltion of "charrtf by Sertion 10121 lal and Icl of the Charities Art 2011 such a55ets are not capitalised irb the financial 5tatementS. Movable church furnishlngs are capitalised at cost and depreciated over their useful economic life other than where Insuffiaent cost information is available. In this c35e the itèm is not capitalised. but all items are included in the Chur¢h'5 inventory any case. Tangible fixed assets are capitalised rf they can be used for more than one year, and ost at least £l,l]00. They are valued at cost or else, for gifts-in-kind. at a reasonable estimate of their opèn market value on receipt. Depieciation Ss calculated to wrlte off the capitalized cost of fixed assets less their currently antlcipated residual fair value over their estimated useful Ie5 as follows: Fixtures and fittin85 Machlnery and equlpment io% 20% Investments quoted on a recognlsed stock exchange or whose value derives from them are valued at market value al 31 December. Other Investments are valued at hlstortcal cost or at best estimate of market value. if lower. Short tem deposits Include cash held on deposlt eitherwlth the CBF Church of England Funds or at banks. Funds UnrÈstrl¢ted funds represent the remaining income funds of the PCC that are available for spendln8 on the 8eneral purp05es of the PCC. including amounts designated by the PCC for fixed assets for its own use or for spending on a future project and which are therefore not induded In Its General Funds as disclosed in the Balance Sheet. li
Income General Designated Restrtcred Funds Funds TOTAL TOTAL Funds Z022 2021 21al Voluntsry Iromt Planned gi¥ Col lectlon5 at seThlce5 Grants recelvabl• 73581 8.870 292 73,581 8.870 22,170 16,817 77.361 6.395 1,022 8.081 21.878 DonatSons • nd appeals Glftdav Le8acles Glft a Id recover•d 14.317 3.907 20.141 1.108 3.907 20,141 15.379 19,280 127,518 21,878 145.486 21bl Arflvltl•s tor i•n•rntlnB Frt•nds of St P•t•r's 6,889 6.889 2,308 2.308 6.889 fj.889 21cl Inc¢%n• friyn Investm•nts Dlyldends on Investrnent Funds B•nk a nd C6F Depo$lt Fund Int•rest 6.282 288 6,282 288 6.119 26 6.570 6,570 6,14S 21dl Chwch •rtFvltl•¥ Letti n8 of premls•$ Muslc 11.628 11.628 1039 3.411 9,C45 2.039 Fe•¥ 3AII Flower5 2.202 120 630 630 P•rkl permltA Solos lunthes Loa¥s and flshes lunches 8ts31 Iround Lllo Lilo 398 113 14.896 30.341 14.896 10.459 21.989 3.149 630 34,120 Tot1 Incom 158.019 11538 22.%)B 193.065 157.960 12
Expendlture Genernl D•5I8natd Restricted Funds Funds TOTAL TOTAL Fundx 2022 2021 31•) Church Mlssltsnaryand tharttèble glwn• Horne.. thildrtny Soclety (XICKS 640 321 Op•ndoor Cgnrre exmovth Church Mtssion Soclety Christl•n5 Ag•lnst Povertv St Ptro¢k's Ex•t•r flo1 Brftlsh Liion Ch¥ltl•n Ald Ukrnln• •pp••l ospl¥¢•re exrnouth Foodb•nk Oth•r retlrlnl rol l•ctlons Loul lrn515•s frorn fu•1 Ilow•n¢• donatlons zoo 438 438 750 750 750 5C¥) 500 SC 500 234 543 1.269 1.307 1.269 1.307 250 337 1250 8.138 2.250 8,138 4,550 3,588 94.137 24.403 197 4.100 7.4SI L•45 dontlons •t r•tldni ¢¥ll•aioni Tot• I don•t5orS m•de by th• pcc DIoc•s•n pirl$h shai• a•r#y•nd st•flln¥roJts C05ts Of$•rcS 4.550 3.588 94,137 24.403 197 7.451 92.8fj0 23.640 143 Not• 4(A) 3,$41 Admin5Itratlon •nd offlc• •xp•n%• Prop•rtv ruftnlnff ¢o$ts church m•J¥r rep•lr¥ •nd m•lnt•n•nc• H411 m•lorr•pilT$ •nd m*lnten•rte• Flpw• 3.542 1.309 29,297 141.106 2.934 388 3.ts)8 S64 21,934 7.408 29.297 119.128 2.934 21.878 388 Int•r••tp•ld urf•l Around co•ts IndepaThd•nt •x•rnl n•es r•mun•Aiion' 415 375 375 16.998 1.170 173.099 16,998 1.170 319,444 16.287 170 126.079 22,266 174.883 T¢X•l •¥P•nd1r• 126.079 174.883 Ifees payable to the PCCS examinerfor ihe examinatlon of the financial ststementsl 13
la) Staff eost Induded in clergy and staffin8 Costs are= General Designated Funds Funds TOTAL TOTAL 2022 2021 Salarles 22.434 22.434 21,372 During the year the PCC employed a Director of Mu51c and an Admlnlstrator Iboth part-timel. Some of the cost of employing the Admlnistrator is recered from the othèr churches in the Ralèigh Misslon Communlty. There are no employees who received total emoluments lexcludln8 employer penslon costs) of more than £60.0. No payments were large enough to attrart social security ¢05ts. No penslon contribLrtions were paid durln8 the year. Donatlons from PCC members During 2022 the PCC recelved £19,71212021- £28,931) in donatlons from Trustees IPCC Membersl and theSr c105e relatlves. The donors did not attach any conditions to their gift5 which required the charlty IPCCI to significantly alter the nature of Its exlstlng actlvfties. Payments to PCC members No remuneration, payments or expenses were paid to any other PCC member. persons dosely connected to them Qr related partles. 14
Fixed assets Tangible Church Equipment ACTUALIOEEMÉD MST AtlJanuary2022 Additions at cost 58.739 01sP05als at Cost At 31 December 2022 58,739 DEPREaATION AtlJanuary2022 thar8e forthe Olsposals At 31 December 2022 45.122 5.687 $0.809 NET BOOK VALU At 31 De¢•rnber 2022 7.930 At 31 December 2021 13.617 Church equlpment compdses demountable staWn& stage lightin8 and chalrs In the church, a cooker, kitchen machinery and chairs In the hall, a storage shed In the churchyard and a tractor mower at the Burial Ground. Inv•stm•nts Quoted Bld mark•t lue at lJnuary2022 Unlts sold 240.808 136,8201 23,906 180.082 RelUatItsn 8alnlllos$1 Bld ma rket lu at 31 Decemb•r 2022 Holdln85 at 31 December 2022 were Units Valu• CBF Church of Én8lafjd Inv•stment Fund .722.41 180.082 Debtors 2022 2021 Tax rover3 ble 4.450 4.Sf12 Oebtors 3.760 4.216 Prepayrnents Grant rpc¢ivable 746 765 2.098 Deposit i nterest accrued 13 11.067 15
Liabllltles Amounts fallln¥due withln one 2022 2021 Credltors 8.460 11.170 4.427 Accwed costs Loa n from Exeter Diocese Deferred i ncorne 1.170 5.806 291 25.436 5.888 Amounts fal Ilnq due oft*r more tha n on• y••r Loa Tr fr•m exeter Dloc•s• 43.117 Government Grant Income Durlrn8 2022 the PCC wa5 in recelpt of the following government 8rants'. £3,424 from East Oevon District Councll toward5 the cost of malntalning the Budal Ground. £1,878 from Devon County Council towards a handrall at the dis•bled door. There are no unfulfllled condltlons or Contingendes atta¢hln8 to any grants. 16
Funds The designated funds comprisèd the Fabric fund held to cover the cost of paIrS and maintenance to the church buildlnL the Junior fund, the Musicfund and the Training fund. The Fabric fund recetves income from fund.raising by the Friends of St Peterfs. The junior fvnd originally arose from a legacy. Further sums have been designated to this fund. The Music fund arose from a donation on the closure of St Peterfs Music Society. The Training fund arose during the year from a donation. The stritted ndS comprise the Car park fund. Flower fund and Handrail fund. The Car park fund and Handrail fijnd arose from grants received. Unr•5trfcted fuNI m¢Jvements Oeslgnated Desl8nated Deslgnated Desi8nated Fabric Junlor Musl Tralnln8 Genera I Totol Bala nce at 31 December 2021 221,254 158,019 1171.0991 IIZ2.5371 13.8191 123,Y)61 162.(XKII 118.449 109.269 5.154 93 335.770 170.557 1297,1781 13,8191 123,9061 Income 2.039 13,$421 Expendlture L055 on sale ol Investments Loss on reva lu•tlon of I n¥estments Transfer between lunds 8alance at 31 Dec•mber 2022 $4.731 7.154 S90 500 181.424 R•strlct•d mav¢m•n Carpark Flower Handrall Tc•t•l 8• la nce at 31 Dec*mb¢r 2021 628 628 I ncome 20,C 120,IJ)01 630 1.878 11.8781 22.$08 22.266 Expendlture Tra nsfer between funds 13881 B•1 • n¢• at 310ecemb¢r 2022 870 870 17