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 advan￿ment 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 kno￿edge 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 Fran￿SCa 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 &amp', 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 be￿een 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 di0￿Se. The sum that the churches in the di0￿Se 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•siasti￿l Par5sh of Budlelgh
Saltgrton
I report on the accounts of Th8 PCC of the Eixlesiastical Parish of B￿lIe￿h Sali8rton for the y88r endèd 31
De￿mber 2022 which a￿ set out on pag8s 8-17.
R•$ponsibilities and basls (rf report
As thè chari￿s tnjstses you 8re responsible for th8 pr*p8ration of tha ac£ounls in accordanca with th&
requirernents of the Char¢ts"es Act 20111lha kr}.
I rgport in respoci of my examinalion of tho charitys ￿nts ￿ThIed c*Jt under 8eclion 145 of the Act and in
¢8rrying out my ax8min8tion I have followed all ihe applic8blo Directio￿ gNen by th8 Charity Conwnission undér
section 14515llbl of the Act.
Ind•pendent •xamln•e$ $t*tern•nt
I have completed my èxaminati￿. I confim that no material mattars havg ¢0rn8 to my 8ttonlJon in connection
with th8 examination g￿Ing m& cau38 to b61i8v& th81 In any material re8pecL
accounung ro¢ords were not k8Pt In rO$￿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 ¢C￿tant 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 ¥thlc*18 not a mattèr ¢onwdered as part ol an ITrje￿nd•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 exper￿ltUr*
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/{l￿5} 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
re￿iVed 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 I￿e5 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 Ir*omt
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
8ts￿31 Iround
Lllo
Lilo
398
113
14.896
30.341
14.896
10.459
21.989
3.149
630
34,120
Tot*1 Incom*
158.019
11538
22.%)B
193.065
157.960
12

Expendlture
Genernl
D•5I8nat*d 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 P*tro¢k's Ex•t•r
flo￿1 Brftlsh L*iion
Ch¥l*tl•n Ald
Ukrnln• •pp••l
ospl¥¢•re
exrnouth Foodb•nk
Oth•r retlrlnl rol l•ctlons
Loul l*rn515•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 don*tlons •t r•tldni ¢¥ll•aioni
Tot• I don•t5or*S m•de by th• pcc
DIoc•s•n pirl$h shai•
a•r#y•nd st•flln¥roJts
C05ts Of$•r￿c*S
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•nd1￿r•
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 rec￿ered 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 lJ*nuary2022
Unlts sold
240.808
136,8201
23,906
180.082
Re￿lUatItsn 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