ST PETER'S PAROCHIAL CHURCH COUNCIL BUDLEIGH SALTERTON ANNUAL REPORTS FINANCIAL STATEMENTS FOR THE YEAR ENDING 31ST DECEMBER 2024 THE PARISH OF BUDLEIGH SALTERTON Within the United Benefice of 8udleigh Salterton, East Budleigh with Bicton and Otterton (known locally as the Raleigh Mission Community). ST PEfER'S CHURCH Address for correspondence The Raleigh Misslon Communty Office St Petsrf8 Church, The Lawn Budleigh Salterton EX9 6LT ANNUAL REPORT FINANCIAL STATEMENTS OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31SY DECEMBER 2024 VICAR The Reverend Martin Jacques INDEPENDENT EXAMINER JAMES BICK F.CA. Blck Accountsnts Ltd Exmouth The Parocttlal Church Coun¢ll Is a registerod Charlty- No 1130244 ADMINISTRATIVE INFORMATION The Parochial Church Council is a trLMJy corporate eslablF5hed by the Church of EnglaTrJ. The PCC operates under the Church Representation Rules 2020 (Church House Pu￿1$hing 2020). The PCC has been a registered Chanty since 2009. The Council is resF4Msible among other things for the m￿nten￿ce of Sl. Pete¢s Church Buildirwjs and grounds and for the proper stewardship of the Church's finanrjal resour￿$. The Church is Grade11 listed. In planning activities, the PCC has considered the Chanty CoMmiss￿n,$ Guidano on puNic benefft, in particular the specnlc guidance for charitses on the advan￿rne￿t of religion. W8 try to enable people to live out their faith as part of the Ra￿￿Jh Mission Communty through: -worship and Prayer. -Learing about the (>)spel and develowNJ their knowledge and trust in Jesus. -ProMston of Pastora Care for all liviThJ within the parish. .Mthionary and Outreth th. The members who have seryed on the Parochial Church Council in 2024 are: car The Reverond Martln Jacques Churchwarden8 Miss l G Cooper Mr J Rockey Mr P Roger¥ Mrs J Stewart Young Mrs E Milne Mr G Maddafoid Mr8 A McKenna 2013 2023 2016 2015 2016 2019 2022 Deputy Wardens Deanery Synod Mrs C Channon MTS T Ellot Mrs B Clement Mr S Blythe Resigned 2024 Resigned 2024 2024 2024 Retired Readets with Pernilsslon to Officiate Mrs C Channon Resigned 2024 Elected members Mrs E l)oort>ar Mr D Waddlngton Mr B Laver Mr C Parlsh 8 Clement Mrs F Nex.Rockey 2020 2015 Reslgned 2024 Resigned 2024 Resigned 2024 2024 Lay Chair Hon. Secretary Hon. Treasurer Mrs J Steele Mrs F Mills Mr T Gray 2018 2019 2012 In Attendance Mr S Hitchcock (St Petsfs School) Structure Governance and Mana ment The method of appointment of PCC members is set out in Ihe Church Representab'on Rules. All Church attendees are encouraged to register on the Electoral roll so as to be dwJible to vote andlor stand. Committees The fvll PCC has met four times in the year * meets'ngs that follow on from a pj'nt meeting of the 3 PCCS in the Raleigh Mission Communty The Pastoral Care Team continues to meet on a monthly basis and all three churches are represented on the team. The team visit folk both at home and in the thal residenb'al homes in the area. The Vicar also Msits and lakes home communi)n as requested. Achlevements and Perforniance. The normal Sunday attendance before the Pandemrc averdged beW 100 and 120 for two servi￿$ and numbers have now reached that *in.Communal Worship has conts'nued 3 ts'mes a week throughout the year. With Choral Evensong taking place once every month. The car park project contlnues to grow tow*ds sdf-financiThJ iJ)nai¢Ms. 1 Baptisms & 2 Weddings took plxe. 36 Funerals or meThyial sefvices were held in St. Peters Church, at the St Peter's 8urial Ground w at a crematorium. Tr Numtw cffi the Electora Roll was 149, roughty as for the previous year. Parlsh Minist Team Vicar.. The Reverend Martin Jwues Retired Cler The Venerable Dr Trevor Jones. R8v'd Cc4in Randall, Rerfd Chrtstother Can( Rerfd Robert Charles, Canon Ken pary and Rev'd Jean Burrows have assisted at a number of serth for wl)th kindness are most grateful. orts for the St Pet8rf APCM car's report for the Raleigh Mission Communlty churches of SL Petorfs Budlelgh Salterton, All Salnts East Budlelgh and St. Mlchael's Ottarton: March 2025. As I wrote last year, 'All things ConS￿red. hamng just one priest to keep three churches seTriced and as happy as possible- all three churches in the RMC are ste&Jy and in many and various ways thnving, both scrially and in showng signs of developmenL' Collectively, you manJJed to keep everything going while I was away for Ihree mnths vthich is an ind￿tIOn of your core strength and the wonderfijl applicatton of all of our retired Pfiests who dedicated th￿r own time to making sure everything went on as nO￿al. Stscey James. trainirKJ lor officia LLM ministry (formajly known as 'readers°) will be depk)yable xross the RMC *fien she i% fully trained. Easter Sunday thL8 year proved to be a bumper day for attendance here at St. Peterfs, exceeding last year in all three churches and ai together over 300 wple attending our seNces. The tradits'onal sunrise servi on the beach was led by Simon Leb3h minister from Exeter SUp[￿rted by myself and Julia Henley the Baptist minister which Th slbJhty *plI atetmjed usual. Whilst I was away, Rev. Jean Burrows and al￿e supportsrKJ team organised ￿ 'Easter experien￿. for the school children of the area which was very well received. Under Bety Clements's oversight. our misston partrws have grown to include both CMS and 'lnterserve'. Betty has decided it is lime to step aside from that ro￿ and has already handgj the reins to Andrew Kingsnorth and we thank Betty for her enthusiasm and hard work in this area and ask God to bless Andrew as he takes over. There have been notable losses of well-k)ved members of the ￿ngregation across ai three churches and their absences are felt keenly but desEY'te this our attendar￿eS ￿ steady and in fxt growiThJ across the board since the dark days of the Pandemic. The loss of members across the Who￿ C of E has been marked but we have not been as badly affected as some areas. There *e many n8w f￿S at St. Peter's this year in particular. We have a great aforementioned team of retired pr￿sts that give sterliThJ service and wrthout ￿1¢h we coutrd not possibly function and on khatf of us al ￿ extend our gratefijl thanks for all of them. We are also blessed wth an exceptional administrator in Fran Mills ￿￿thOut vthom we would be in a dire p0S￿On I'm sure. ialty I will ￿ lookiThJ to re-ath'vate the dinner dub at least On￿ this year- to give members across the three Ghurches an OPFQrtunty to mingFe and get to know eth other. As churches, bjth individually and as a collective, we are a basically happy and coherent bunch and we offef the Christian gospel to anyone Ihat cares to come and listen or partake. Baptisms, marriaJes and fvnerals are starting lo re-bound after a lull and St. Pet8fs WKI All Saints especially are great social and arttstic hubs. Sl. Michael's wth ts especlally close links to Ottaton vill*Je c(Mnmunty is as dose to a communty church as can We mantsin close links to all three 8￿K￿LS within w b)undaries and three schwls host their big collective events in church and °open the book. now goes into all three schocds thanks to Rev, Jean Burrows and her team. Whilst you can never pFea8e everybody all the time, and inevitaLrfe crises upsets do ￿CUr, and I'm sure we could always do things better and make of our opportunrties we are marked by how we react and deal with these events. l am pleas￿ that all our chaFleng8S Imth pab'ence and good humour with Ihe open and godly attitude that in the end all ￿111 be hEII and all rn￿ner of thiNJs shall be well. St Peter¥ Church , Budlelgh Saherton Sateguarding Report 2024 There have been no specific incidents lo reF￿ this year. Safeguarding ¢>Jntinues to be a standing item in the PCC meetr'ngs and on the joint agenda of the Raleigh Mission Communty. The representatives from the 3 parishes meet with the clergy tw'ce yearly to raise any issues. ackn￿edge good practice and lo idenb'fy areas where input is needed. Vle cO￿lnue lo r￿ve regular updates from the diocese safeguarding team. The domestic abuse policy was adopted by RMC in September.Tina Ellett & Fran Mills safeguardiThJ roles Coveri￿ the 3 Churches in the RMC. Both Tina aThl Fran have completed their apKKopriat8 C2 training fina was neAninated as RMC representative for Safer Recruiknent and contj'nues to te evidence thecker lor 08S. Joint Foundab'on & Level 1 safeguardimg training for all memLErs of the 3 PCCS is pl￿ned for early 202 The majority of the Pastoral Care Team coM￿eted face to f&e tra'ning (CO &,' C1) arranged through the diwe l Jan, 20). The focus now is to meet (wr parth's training neets arKI Fran Mills. our C￿k, to conb'nue to collate a central record of training for the RMC. The Church & Peter Hall Our church is open to our (x)mmunty for wivate prayer everyday bely￿en 9.00 & 5.OOish. Both the Church and the Peter hall are widely used by the worshipping and cultural community wfth the church hosting Music & Literary events which provide inm for upkeep and bring strangers inlo our beautiful btiilding The Peter Hall provides ￿1mModati￿ for many church meetings & receptions as well as for local clubs and sociti'es. Charges for extemal use provide a useful income towards the upkeep and utilities for the hall. The kitchen in the Church Hal is well app)inted and this facility enabth the proviston of mnthly community lunches which are well attended army provid8 both spiriknal & physical Susts.nen￿ & fellowship for those attending. Pastoral Care Some members of our parish are ￿nal￿e to attend church due to sickness or age. Reverend Martin Jacques has vtsrted all church members who have requested rt, to ¢e￿rate communion with them erther at their homes or in hospital. Jenny Steel has conts'nued to organise a rots of volunteers to visit ail who are slck or unable to get out for any other reason to keep them in touch church life. Ml$sion This year St Peters has continued to support mission with Wendy &Young Lim from Intetserve and Aaron Stanbury from CMS through annualty dedicated colFections and sermons. OpFQrtunites to SUPFrtyt others through the Local Foodbank are encour4ed as wdl dona'ons lo good causes & stewardship. Our parish magazine (Minl maJ} is distributed monthly. The maJaz5ne keeps our parishioners inforn)ed of the important matters affecting our Church and artides of general interest are atso induded. Ecumenical Relatlonships The church is a member of Churthes Together in BUdIe￿h, which is taking tentative step5 in becoming ath've after a of in&tsvrty fc41¢)wtNJ the pandemic. A VRII attended Easter service was conducled on Budleigh Beach wth all 3 Budleigh Churches in attendance. Flnanclal Revlew Total income in 2024 was £168,031. The planned gmng through env￿0￿ and standing orders increased by £4,051 as a result of a stewardship canp4n. Total income was sI￿h￿Y lower tha) in 2023 mainly as a resu of grants recelved and a legacy in 2023. Income was tdstered in 2024 by hddiNJ a Grft Day, increasing rates for letting the premises and issulng parklNJ pemiits. £192,924 was spent to pmvide the ChAsts'an mIn￿Y from St. Peters Church. induding the contribution to the diocegan parish 8hare1£94,609) wh￿h inLYeased by 6.7% in the year and which enables mission and ministry to be provided across our diocese. The sum that the churche5 in the diocese are asked to find ￿ calculated ording to a fomiula that is based mainty on the number of peopfe in the worshipping communty. No S￿n￿lcant major repair works were carried ￿t in the year. Expenses were genèrally Imthin budget. The level of church heab'ng settings was reassessed in 2023 and ojnsiderable savtngs have been made in the winter heattng period. £50,000 towards the 2022 carp*k pyqect wag loaned to the PCC by the DKwe of Exeter. lo be repaid in instalments over ten years. Pemirts to park are now paid for by donations from regular church attenders. These donatiorks. tc¥Jether I￿th gift aKI now cover the cost of interest and loan repa￿nents. The deficti of expenditure over income before taing axount of investrnent perf0mlan￿ was £24,893. Some investment units were required to ￿ sold to sUp￿rt cashlb* durirg the year. There was an increase in market value of investrnents of £4,(￿1 in line with gbba mthets. The net result the year Yds a defrit of expendrture over irKome of £20,576. AddirrfJ reseryes brought fmrd at the beginning of the year, the balances caryied fowd at 31 December 2024 totalled £157,172. £47,789 of this is carried forward in deS￿nated fvnts tr fabfic repairs, youth thrt￿s, music and training. £1,818 is held in a restrKted lund for church fiowers. Finances were dose to budget levels in 2024. However, our continuing exces5 of routine expendtture over income still needs to be addressed. The levet of regular, reFeating income must be reviewed and must be increased rf the ministry from St Peterfs to conb'nue as Ft is at present. We cannot rely on legacies and investment markets to bolster reserves. A stewardship campaign is ￿'ng continued in 2025 and will be carried on until the finances are on a stable foottry. Reserves Policy It is the policy of the PCC to hold erK)ugh in gerwa cash reserves to cover rN)mial running costs for the fOreS￿able fijture in order to allow sufficient time for income levels to be improved. ReseNes have been designated to cover the cost of repairs to fabric arising from the regular quinquennial surveys and from normal wear and tear. There a￿ small designated funds to cover the cost of Mus￿, trainirKJ and youth *ivthes and a restricted fund for the cost of flowers. The Reverend Martin Jacques Independent Examinerf$ R•pwt to the Tr￿le￿ of Tr PCC of th• Ecdeslastical Pari?h of 8udlèlyh Salterton I r8port on the aeAx)unts of The PCC of the EcdÈ%as￿￿ of Sattertort fDr the year ended 31 December 2024 whth are set out on pwaes ￿18. R•sponslbllibe¥ and basij of r•port A# the chaityg InJsteè# yw ¥• re5FL￿al* for the preparakn ol the accorda¢K8 wlth the roquirernerrts ofth8 Chanb"eB Ad 2011 fthe *d}. I report in r8SF¢Ct of my txarrrinatson of the chwrfY$ cani8d out ￿dar 5¢(ji￿ 145 01 the and carrying out my examwwbon I hav& folk)14wd tho appk*>k Llreclicrn gv¢n ty Ihe Ch•1 Commls8KJn ￿der 3ect*)n 145(51(bl of #Kg Aca. Ind•p•nd•nt •xamSn•rf8 itst•rn•nt wllh the examlnaly)n gMThJ n* cws¢ to Ihat in any materia r¥¥e acomjnlfng rec￿￿$ T￿1 kept m respect oftr* as roww8(l *tion 130 01 th• A¢t, or the ￿0￿nts do not accord vthh those r￿0￿$.. or out in Chaitses IAcuJLmts aThJ R•F#Jts} RegufaiKrn m olhar kn any rewirem8nt Ihat the cotsnts gfve a'truè aFt(I f*r wh*h 18 not a matter as part of ￿ mdapendent •xarntnath"on. 8hotsi(I be dravm kn ttM6 reraNt n order b) ￿able a p¥cfer uthstanthThJ ofthe aco)thts to t* Troched. Mr Jan•s Btk FCA Chartered Accounl•nt Bick Ac￿Jntants Ltd 18A Uttlthom Road Exm¢>Jth EX8 2QG 9 May 2025 Parochlal Church Council of St Peter, Budlelgh Salterton Statement of financial activlties For the year ended 31 December 2024 Gene ra l Des Fgnated Restrlcted TOTAL Funds Funds Funds 2024 TOTAL 2033 Nvte Income Voluntarylncome 2(a1 115.413 Actlvltles for8enerating funds 2lb) Ir•come from investments 21c) Church •ctlvStles 21d) Total Incom• 638 116.051 4.701 116.486 5.106 5,425 4.701 5.372 39.100 5.372 41.90? 1.903 168.031 1.542 1.265 42.547 159.885 6.243 169.564 Exp•ndltuYe Church actI￿tIeS Tot•1 •xwn¢#tt•r* 31a) 178.358 178.358 13,414 13.414 1,152 1.152 192,924 1gZ.9Z4 191,201 191.201 Net In¢LYne/lexpendlturel before Inv•stm•nt 8alrn/lloss•sl (18A73) {7.171) 751 (24.893) 121.6371 G•ln/(10ss) on s•1• ol Inv•8trn•n¢s Galn/llos$l on r•valuatlon of Irwestrnent 4ssetJ 256 51b) 4.061 4.061 17.091 Net Incom•/(exp•ndltur• 114.156) 17.171) 751 120.S76) 14,5461 Trnnsler b•twwn (2.$001 T4X•l f￿d¥ br￿ht ftThvard 124,2Zi 1,067 177,748 184294 Total funds arrf•d forwanl 107.565 47.789 1.818 157.172 177,748 The notes on pa8es 11 to 18 form part of these finanaal statements Parochial Church Council of St Peter. Budleigh Salterton Balance sheet at 310ecember 2024 Genera l Designated Restricted TOTAL Funds Funds Funds 2024 TOTAL 2023 Note Flxed assets Tan8Fble Investments S{a) 51bl 2.716 2.716 1,818 181.490 L818 184.206 6.121 92.636 95.352 87.036 197,173 203.294 87,036 Cwr•nt •ssets Debtors 8.477 13.369 8,477 14.138 10.759 15,515 26.274 Cashatbank and in hand 769 21.846 769 21615 U•bllltl Credltors'.amounts fallln8 due withln one year N•t current as5ets/Ji¥bllltl 9.633 4.658 13M9) 14.291 11,804 14,470 11213 8324 Llabllltl•s fall1￿ du• •fter one y••r 35.358 35.358 40,016 Total net •ssots 107,565 47.789 1.818 157.17Z 177.748 r15h Fund> Unrestrlcted Genernl 107.565 107,565 47.789 155.354 Designated Totsi unrestricted 124.221 S2,460 47.789 107.565 47.789 176,681 Restrlcted 1.818 1.818 1.067 Total parish funds 107.565 47.789 18 157.172 In.748 Approved by the Parochial Churth Counal on 4 Febwary 2025 and signed on its behalf by Rv/d taartln Jacquas IPCC Ch3irnianl and Mr Antony Gray Ipccfreasurerl. The t7otes on pages 11 to 18 form part of these finanaal staternents. io Notes to the flnancial staternents For the year ended 31 December 2024 Accountlng policies The PCC 15 a public benefrt entrty wlthin the ￿anIfi8 of FRS102. The financial 5tatemenTS have been prepared under the Chayiiies Act 2011 and in accordancÈ wrth the Accounts"n8 Rwlations 2tsJ6 goveming the individual attounts of Pccs. and with the Regulation< "true and faif vievn provisions tceether with FP5102 as the appllcable accountln8 Standards and the 2019version of thestatement of Recommended Practy"¢e, Accountin8 and Reporting by Charities ISORPIFRS10211. The flnanctal statements have been prepared under the historiol cost Lx+nventlon èxtept for the valuation gf investment assets. whth are shown at falr value. The fin¥n(ial statements are presenied In pounds sterllng and rounded to the nearest pound. Income and debtors Incomlneresource5 are induded In the Staternent of Flnandal Activit￿5 ISOFAI when the PCC becomes legally entitled t¢ the use of the resources and Infflow of economic benefft is probable an(1 the monetary Value can be measured wlth sufficient rellability. Funds rai%ed frum e4ents are reported gross In the SOFA except where a$500ated expenses are not material or where it Is impractical to Identify them 5eparatety. Gfants and donafjons are included Irt the SOFA when any pre-cond¢iions prèventhng their use ￿ the PCC have been rnet. For collections ind planned 8lvln8 th55 15 when the fvnds are received. Glft akl and tsther tax dalms are Induded in the SOFA at the same time a5 the cash donatlons to whlch they relate. Gifts in kjnd for saFe to fvnd the PCC are Induded In the accounts at the6r estlmated falr value at the date of 81ft. rf feasible- or else recognrsed when sold by the PCC. Gifts in klnd for the PCCS own use are lrttluded In the SOFA as incomin8 resources at thdr fair value when recewable, and expensed as and whe consumed in use. Glfts of fLxed a55ets, If materlal. are induded In the balancè sheet at their fair value and expensed over the asset's useful economic Ille. Le￿a¢le$ are accounted for when the PCCIS legalty eniftied to the amounts due. Grants re¢elved a5 a contrfbutlon towards specific expenditure a￿ held deferred asset Until the cost of ihe *xpendlture Is Incurred. Donated servi¢e5 and faaiities are Induded in Income land at the same tim* in resources expentjedl at the estlmated falf value to PCC of the servFCe LY faolity receive(l. The value of any voluntary help recefved Is ntst induded in the actounts but ￿ described in the truste￿ annual reporL Ren￿1 Income from the lettin8 of the churth pieffli5es and facllltles ts reco8nlsed when the rentsl is due. Dividend5 a￿ accounted for when recefvablè. Interest is accrved. Investment 8ains and lo55es Indude any gain or on the sale of 5rtve5tments and any galn or Ioss Tesultln8 from revaluing Investmw￿ to market Value at the end of the year. Debtors are measured attheir recoverable amounts, the amount the Pccantidpates tt ￿11 reorve from a debt or the amount it ha5 pald In athance ft>r 8oods or s￿0$. Expenditure and liabllltJe5 Liabilltles are recognised as soon a5 there Is a legal or construrtive obllgakn.on and settlement ts probable and quantifiable. Go¥ernance costs Include costs of the preparation and examinatTron of statutory accounts, the c05ts of trustee metings and cost of any legal thice io trusteos M governan￿ or Conrt]￿tsQna1 matter5. Grants payable wtÈhgUt performance condbbons are reco8nised In the attounts when a commrtment has been made extemally and there are no prtrcortrdIt￿rt5 still to be met for entitlement to the grant whith remain within the control of the PCC. The diocesan parish share 15 accounted fof when duè. All otherexpendr(ure 15 generalty reco8nized when tt is incurred and is accounted for gr￿$. li Assets In so far as consecratÈd and benefice property of any kind is exduded from the slatutory definI￿n of -chariV by Settion 10121 lal al￿ Icl of the Charlties Att 2011 suth assets are not caprtallsed in the Ilnancia5 5tstements. Movable churth fijrntshings are capitslised at cost and depreclated over their useful e¢onomic lrfe other than where insuffiuent ¢ost information is available. In thi5 case the rtem Is not capitallsed, but all itsm5 are induded In the Churth's inventory in any case. Tanglble flxÈd assets are capttslised if they can be used for more than one yèar, and eoxt at lèast £l.L4JO. They are valued at cost or else. for wfts-in-knnd. at a reasonable estimatè of thelr open market valve on recèipt. Oepreciatlon rs calcjjlated to wrfte off the capitslized Cost of fL¥ed assets le5S their currenty antidpatsd re51dual falr value over thwr estimated usefvl lfves as follows.. Hxttsres and fittings Machlnery and equlpment io% Investments quoted on a recognised st¢xk exchan8e orwhose value der￿￿ frorn them are valued at market value at 31 December Other Investrnents are valued at historical cost or at best estimate of mathet value. if lower. Short term deposlts Indude cash hdd on depoy't either with tt* C8F Churth of England Funds or at bartks. Funds Unresfficted funds represent the remaini￿ incorne funds of the PCC that are èvaltable for spendlng on the general purposes of the PCC, Includin8 amounts designated by the PCC ftsr fixed assets for its own use or for spendlns on a future prole¢t and which are therefore not Induded In Its Gener31 Funds as d5dosed ift the 8alance Sheet. 12 Income GeneBI Desi8nated Restrirted Funds TOYAL TOTAL Funds 2024 2023 21al v￿Ul￿ary irKQrn• Plartned 8¢Win8 Coll8(rfons at SQThires Gronts receivable Donations and appeals Gltsdav Le8atl*s Glft ¥ld r•ros*red 74.335 74,335 7.151 70,284 8,U9 2,225 9.792 7.151 638 7.998 4,248 4.951 1.000 19,645 116.486 2L681 115.413 21,681 116,051 21bl Actlvllles Frt•nds of St P•t•41 4.701 4.701 S,106 21cl Inc•mt Irffft In¥tstnwffls Di￿d￿ndS on In*strn•nt Furtds Bank and C8F Oeposit Fund Internsi 5.230 5.230 5.390 35 141 5.372 5,372 Lettin8 of premi4es Musl¢ 16.564 L542 3,443 L265 14,956 1.381 6.19S F••$ Flower# P*rkl Th8 p•rmlt* Salos lunches Lo•*5 flsh•s luhches Jvrfal 8round 3.443 l265 504 4,244 536 536 ,071 39.IlXI 13,071 41,9)7 14,806 42.547 1265 T¥)tal InÈ¢me 159.ts5 243 Lg)3 168.031 169,$64 13 Expend•ture General DestrKnated Restr4cred Funds FuThds TOTAL TOTAL F¥od* 2024 2023 M4ssion*ry•rtd th•￿ta￿le¥l￿n Hom•.. thlldrqns So2 924 191.201 1?8.358 13.414 192.924 191.201 ' Ifees payable to the PCCS examiner for the èKamlnatlon of the fln3ndal statements) 14 {a) Staff cost Included in clergy and staffin8 C05ts are-. General DesS8nared TOTAL Funds Funds 2024 TOTAL 2023 Salaries 14.9a8 23.418 Durlng the yèar the PCC employe(l a Dorector of Music and an Admintstraior (both pan-timel. Some of the cost of employlng the Administrator is recovered from the other churches in the Ralet8h Mission Cornmunity. There are no employees who recelved total emoluments lexduding employer Pert￿on tostsl of more than £60,OCQ. No payments were large enough to 4ttract soclal securlty costs. No pension contributions were pald durfng the year. (b) Donatlons from PCC members Durlng 2024 the PCC recetved £18.68112023 - £17.4221 In donations from Trustees IPCC Members) and thelr close relatlves. The donors did not attach any conditi'ons to their 8Jfts whKh requlred the charity IPCCI to s*nrfl¢antty alter the nature of its exlstln8 activities. Payments to PCC members No remuneT?tIon* payments of expenseswere pald toany PCC member, persons dosety connected to them or related parties. 15 Fixed assets Qburth Equlpment ACruAI/DEf￿D COST At l January 2024 Additions at cost Disposals attost At 31 D•c•mber 2024 fll.139 .139 DEPREOATION At l January 2024 Chary* for th• Olsposals S4,0 At 31 Oerembtr 2024 At 31 Det•rnber 2024 At 31 December 2023 57.423 NET BOOK VAWE 2.716 Church equipment tomprfs¢5 demoufttab￿ sta8tn& stage l*htln8 and chairs In the churth, a cooker, kltchen machlnery and chaiTS In the hall, a stora8e shed in the churthyard and a trac¢or mower at the 8urlal Ground. In¥•xrn•rt* Id rnarketv•lue atlJanuary2024 Unlts sold 197.173 119.7441 4.061 181.490 Revaluaiion ialn/llossl bld ma rket ￿l(le •t 31 December 2024 Holdln8S Ot 31 December 2024 were Llnlts V•lue CBF thur¢h of En8l•nd Investsnent Fund 7.849.01 181.49) 16 Debtors 2024 2023 Tax reco%*rable Debtors 5.135 4.929 Prepawnents 695 8,477 10,759 Llabllltles Arnounts 14115ni due wlthln on• ￿•r 2024 2023 Crnditors 3.39• 4239 4.658 14.291 6.114 1.170 Accw•d costs Lo*n frorn EK•i•r Dloc•s• 4.520 IL804 Arnounts f•llln• du• aft•¢ mor• th•n •n• Lo•n from Ex•t•r trlOC•¥• 35.358 40.016 Government Grant In¢orne Durlng 2024 the PCC was In re¢elpt of the followrng 8overnment ¥Trnts.. £3,429 frorn £￿t Oe¥on Distrkt Council tow•rds the cost of maintalnln8 the Burlal Ground. £638 from the Listed Places of Worship Grant Stheme to recover VAT on 8uttering works. Thele are no unlulfilled conditH)ns Of COnlin8endes attachin8 to any 8fants. 17 Funds The deslgnated funds comprised the Fabr￿ fund held to cover the cost of repaits arMI MaInte￿nCe to the thurth buildin& the Junior fund. the Musk fund and ihe Trninin8 fund. The Fabricfund receives income frorn fvnd-raisin8 by rhe Frlends of St Peterf5. The Junior hjnd origSnalty arose from a legaty. Further stsms have been designated to thi5 fvjnd. Thè Muslc fvnd arose from a donatlon on the d05ure of St Peterfs Music Sodety. The Trainin8 fvt7d arose from donation. The restrlcted fund5 comprise the Flower fund and Gutterin8 hjnd. The Gutterfjng fvnd arose from 8rants received. D•sl8nated Oesl8llatsd Oesi8nated Deslinated Fabrfc Junior Musie Trllnln Gen•rnl Total 8alance at 31 D•cember 2023 Incorn* Expendltur• Gain onsale pl1n￿stm•nts Galn on r•v•lu•tlon of IAv•skneh Transler betwoen ftsnds 84 la Ace at 31 Oec&mber 2024 124,221 159.885 1178.3581 256 44.3Xs 476 176,681 166.118 11gL7721 256 4.701 1.5dZ 13.86SI 19.5491 4.061 I2.5￿} 107.56S 4,061 isl)) 653 39.482 7.JS4 5C*) 155,354 Restricted luThl mo4•m•rrt5 Flow•r Gutt4rln4 Total Balant• at 31 D•cèmb•r 2023 Ineome 067 067 1.265 15141 63• L￿3 Expenditur• Ti•ngt•r between lundj aa la nce •t 31 O•cemè•r 2024 16381 11.IS21 L818 1,818 18