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2025-12-31-accounts

ST PETER'S PAROCHIAL CHURCH COUNCIL BUDLEIGH SALTERTON Ts* ANNUAL REPORTS FINANCIAL STATEMENTS FOR THE YEAR ENDING 31ST DECEMBER 2025

THE PARISH OF BUDLW SALTERTON withln Ihe Unlted Bamfice of Bud8wh Sthrtw, East 8udlelgh th Bicton and Oiterton (kno￿ locauy as the ￿SSIon ComnNmity). ST PEfER'S CHURCH Addre$5 forcorrnspondence The Rdeigh Mission Communty Office St Peterfs Church, The Lavm Budleigh Sattuton EX9 6LT ANNUAL REPORT FINANCIAL STATEAIENTS OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31ST DECEMBER 2025 VICAR The R￿eTend Martin Jacq INDEPENDENT EXAAIINER JAMES BICK F.CA Bick Accountats Ltd The Parochlal Church Coun￿7 is a re9￿0￿1 Charty- No 1130244

ADfiiNISTrATIVE INFORIIATION The P8ruchi8J Church Council 15 a bfyly corpNate eStab￿sEEd by the Chwch of England. The PCC opeFs under the Church Repre8enlalion Fljes 2020 {Churth H(NJse Publishing 2020). The PCC has been a regisierwl Chanty since 2009. The Council is responsible among other thirus forthe mainten&)Ge of SL Peterfs Church BuildlrYJs and grounds and for ts proper stevArdship of the Church's financial resource& The Churth 15 Grade11 listed. In planning activitie5, fhe PCC ¢onsKlwed the Chty Commission's Gtudawt ￿ pubfK benefi¢ In parbcular the specific 9UKlartce for clMtiies (m Ihe &J￿￿ment of r&JirAK We tyto enable pW to live wlthew faith & Frt ofU RvJh ￿S1￿ CAKftmtmitylhrough: .Worship aryj Pra￿. earing al)out &)spel de"ThJ their knO￿led￿ ttU5t in Jesus. rovision of Pastord Cate for 41 liiirYJ itlHll the partsh. -missionary WKI Outreach The membors TAho have 88Ned on the Parochial c1w￿h Councl in 2025 arn: Wicar Th8 Reverend Martin Jac(pRs Church￿? Mlss l G Coopgr Plr J Rockey Mr P Rogers Mrs J Stewart Young Mrs E Milne MrG Maddaford Mr8 A McKonna 2013 2023 2916 JJ15 2016 2019 Deputy Wardens Elected rnmbeTS E Doorbar Mrd F Nex-Rockey 2024 Mr D Waddirykn 2015 Lay Chair Hon. Sec Hon. Treasurer Mrts J Steole Francesca MHIS Mr T Gray 2018 2019 2012 In Attendance Mr S Hltchcock (St P*s School)

structure Governance Wbd Man The method afappointmenl of PCC rneM1￿Tr ks setoul in ts Church Representth Rutes. A¥ Church attendees are erthurdged to register on the ￿￿t0[a rLII ￿ &5 trj be elwe to wte ￿(Or stand. Committees The full PCC has met f￿Jr lunes in ￿ year at rneetiThJs that foik)w on from aioint ffleetin9 of the 3 PCCS in the Raleigh Mtssion Community. The Pastoral C￿e Team cmlinues to Dn a rrnnthly basts and all three churches ar8 Tepresented on the team. The team visttfolk toth at FY)me and ￿ the kKal residential homes ￿1 the area. The Wwalso and ta(es home Commun￿)￿ as requested. Achievements and Perfomiance. The rsc¥mal SuThJay atteTrjan￿ aver￿eS beiEen 1CHJ 120 for t￿ serwces each week.C&mmun8J Worship has contnued 3 lin￿ a week ttKoughout the year. Wth Choral Evensong taking pFace once every rnLYrth. 5 Baptismstook place dutFng the year. 36 FuneraLs or menKYial serVi￿S hekf in SL Peters churc￿ at the St Peterfs Buri81 Gr0￿d orat a crematorium. ￿llY no y￿ddingS to&1 pl￿ thts yearas we c0ntirll￿ to see a dedine ill numbers due tu lo(l venues ￿Tar￿Ing co[￿titi¥￿Y priced %%elding packages The Number on the Electoral ROH was 91, a sharp dedine on the preTr￿ is tlwhtto be as a result of ￿&MIniStr￿ve failure ratherthan lost ￿ulS. PaFish hfuTiS Team Vltrar. The Reve￿￿￿ PA&ttn Jwu Re￿red Clo Venerable Trevor Jones. Rerfd c￿1n Rand￿, Revd Christofv Cart Revd Robert Chades, Canon Ken pary ar￿ Rev'd Jean ha￿ asgst&l al a number of ￿e8 kiThJness ￿ ate nM)st gratoftA. oris f¢x the St Petevs APCM Wicarf$ report for the Raleigh Mission CommunTty churches of SL Pderfs Budeigh Salterton, AJI Salnt5 East Budleigh and St. Michael's Otierton: April 2025. I wish to s￿t by thanknng otjr aJmitu&rator, ow treasu￿, PCC rrMibet5 and ati the rel￿ed priests, Church warrtens, musicians, fiower aTharNJeFS. Fvers and s4les pEopFe and everyone else make surelhat we Provide high qu, reguL9r w￿shIp in au Ihree chLth Én our c(xnmunity. l umlinue to ￿ the onty stiperKliary ptEst for the thtee thurthes ofa awKiate We are extremely fortunate that ts East Devon environs attwl an above average supply of reli￿ priests on whom we Tely on to provide that pattem ofwxthip, oveThtheimir¥Jly eUCh￿C S￿Pp￿mented with a seTvKe oflhe w)rd in Sl. Mtchael's pregded over by our church Ward￿ &Jhn Archibald and ctKKal evensong at SL Peterfs, both ofth&n month￿. We aFe relatively stable rtrrdncialty as a group and [r￿tingS at all leNEls are rKagmatic and gocxj humOu￿1 th everyone wanting the best for our constituent communtties. We continue to host Joint PCC nwtings bthich then break off into our three PCC'S knthich are the Wy conSt[￿ted entities. We are active Deanery Synod members that fulfils our (XNnmstll￿nI to the vnjer C[￿rch. Cur pastord care team has members from al three ¢hUrc1￿ vthsth orfinates pastoral care and supplements the atreadyexceuent netsK)rks Offl￿ndsh￿ and Comm￿ care tn F4acekntsft peopFe in distress. One Gart tmer predict m￿Y￿kddI￿s, fiJ￿al5 and there may be, but the

deftK)graphics of ow catchment area ob￿Ol￿ mear£ thatfillw ￿me w frgwlly but whatever comes our way in each ofthe churches we fv a Lnstent M8￿[n9[￿l eVrB[￿e for 1 vl)0 come to U5. I have been here as ts for ar(￿Trj six yeats now &td my ta8k vraslo tsing Fwe and stabllty lo Ihree churches that had eXperIen￿d some turbulence. We have e&abltsheJJ patterns ofw)rhirYJ th wovision that Jrk and we are ￿Ell set lo face the futwe with cthfidence. From April ￿nI Mag:_ This will be my last ever pl￿e l knTite f¢y any loca publlcation as VM of Budleigh Salterton, East Butt￿￿h arKI Ottert0￿ That makes ￿ cover pEces SIn￿ 2018. We moved b East Devon from the other sde oflhe cl￿nty. My Lfxuse, h￿1 ￿nI 21 ￿ Fn NeKrastlg urth Tyn8 aTrJ wasn't ever exp8ctirwJ tD move ftom the￿, the of a Fyofessot at Ex8tsr un￿￿8[ty was t¢X& ￿ to tum down. We fell in lov8 East Devon atKI w much g) that have dectded to retÉre here. I rLYall Wdlking along the PDJmen&Je al Sidmolth on our first year here aKI thinkiw .1 coukj bv8 here.. Ncrt h)NJ after arrimng E had to negotiate Comd and al the strangeness ofthat &tUat￿￿. Tlwe ha￿ b88n a few other bumps in the road along the way but it has been a happy time he￿ arKI we dI￿vered DartmoN and the Blackdown hills and several lo¢aL th round here that a￿ hmly. Kee￿fig three NEry thfferenl chur¢hesg(RfU IS hatderthaft you M￿ht [m￿1n8 bul l am protKI Ihat I havenl mi55 a s8Thryce in 23 years. neithei have I taken a day off s￿k eitsr. My Christian laith rtas Char￿J￿ grown- tKo)me a Ixt M￿ mystical- and I have ￿arn￿ a lot from my trips lo the far East and my encounters with HIt￿￿r8M in ￿ti￿lar bu( actU8lly, dl the faiths I have encountered. I have a heailhy restect the ath￿st as I was a functionaF atheist for years unlll my conversk)n to theisnL Since then, on mypwrEy further into Chrlstwty, I have thays to keep my feet on the ground and soughtto tDrgive otI￿r peop]e's frailQe4 berause l knowfhat l am asinneF krt) and have ￿ room tojudge other peopIe. As I leave, I want to pray for everyt￿dY that reads these y4]rds that they have a joyful prosperous Itfe. And even rfthe opwsite is Ifthey Str￿gle vAth lrfe, vnrk, faith, health- that llEy never lose ￿h1 of God Ykn desetbes our w)rship al￿ humlAe deNDtion no MaI￿r kn is going on in our lives, St Petws Church. Butheith Saltorton safeguarf￿g ReF70rt 2024 There have been no SP￿lf￿ Iri￿ts to wx)rt this )par. SafeguardiNJ r))nfjnues to te a stsnding ttem in the PCC meelings and on the ￿1}nt agenda ofthe R￿h Community. The repreSentats￿ from ihe 3 parishes n7eel with the dergy Ivice yeafty to raise any is$￿s, ￿kn￿￿edge g)od pracl(rA to Jentify areas ere input is r￿￿ed. We continue to ￿1ve ￿L￿ar updates from the dicwe ua￿l￿g team. The domestic abuse poltcy adopted by RMC in Septsmt¢r.Tina ENett & Frdn Mills are the representalives vering safeguarding rotes in the 3 Churches in the RMQ Both Tina and Fran have o)mpletwJ their approprkn C2 tsantrKJ. Firk2 was nominated & RMC represenla for Safer Recruitment aThJ continues to be eMderKe cknecker br DBS. Joint Foundalion & Level 1 safeguardin7g IrainiThJ for all memLErs of the 3 PCCS i8 orooi The majority ofthe Pathral Care Team c￿￿ed IranirnJ (CO &w; C11 arrarwl throu￿ lh6 di￿ ( Jarl, 20). The Church & Pkn Hall Our church is open to our ccfflmunty for prNate prayer everylay kivEen 9.00 & 5.OOish. 80th the Church and the Peter hdl are wdely used by vK)rshippirKJ and cullural community Y•ilh the church hosttng MUS￿ & Literary events wthich rffowde income kn upkeep and bring St￿gerS into beau£iful buildiro. The Peter Hall provtdes wX0mm￿lat[Qn for rnany ctvjrch m￿ti[￿S & r+K>ns as wel[ as fork￿31 ￿b$ a￿1 S￿lI18s. Charyes for exterr￿1 use FKowde a Ltseful towards the uteep and ubljltes for the Ths kitthen in the Church Hall is ￿?[1 appointed and enables the ptovision of n￿nthty communtty l(m¢hes which are weH attetthd a¥J woiAde b)th 4iriiual & sustinence & feltowship for Ihose attending.

Pastoral Care Some members of our are una)L9 b atterKI thurch due to siCkn￿S or ¥. Reverend Martin Jacques has visitgj all church members who have requested it, to (%lebrate communton with them either at their hornes or in hosptal. Jenny Steele has ￿ntInued to organise a rota of volunteers to visit all who are sick or unable lo get out for any other reason to keep them in louch ¥￿th church lrfe. Mis5ton This year St Peters has continued to supp(Kt mi%sion with Wendy &YourKJ Lim frrm Intersetve and Bishop Martin Gordon from CMS through annually d￿l￿thI colk8ctions and se￿(￿. Qiporlunites to support others through the Local Foodbank are encour4ed as KEII as donatK)rts lo gcL)d cal￿eS & stewardship. Our parish magaine (Mini mag) is dÉstribtrted monthly. The magazine ke8ps our parishtoner6 infomied of the important matlers affecting ow Church and articles of general itttetest are aso included. Ecumenical Relationships The church is a member of ChurGhes Together in Budleigh, whlch ts tsknng tentative steps in t￿orn1r￿J active after a period of in￿￿vIty following the pandemic. A well attended Easter service was conducted on Budleh3h Beach with al 3 Budlewh Churctres in attendance. Financial Review Total income in 2025 was £200,603. The plann￿ gM￿j through envekjpes and stan(liw orders incre&ed by £2.702. Tota tr￿e was co￿derablY hig1￿ in 2024 mainly as a result of a legacy a large donation which, together, aMOurt￿ to £25,0￿. Income Yds in 2025 by a sEeabte proceth f letting the wemises. £193,024 was Sp￿tt to provFde the Christian ministy from Sl. Peterfs Church, indudirKJ the contiibutK)n to the di(Trsan parish share (£97,700) wh￿h increas&J by 3.3% in the year and which enables mission ministry to be provided across our diocese. The sum ttHt the churcFR9 in the dioc£se are asked to is calculated according to a fornula that is based mainly on the number of people in the ￿hipping communty. No significant tnajor repair works were carried 4JJt in the year. Expenses were generdly within budget except for at the Burial Ground due to the theft of a rid&on nM)wer. This was party recovered by an Insuran￿ claim. £50,000 towards the 20Z2 carpark twecl was loaned to the PCC by the Di(wE of Exeter, to te repatd in instalments over ten years. Permits to we now paid for by donatK)rts from regular church atterth. These donations, together with gift aid now cover the cost of interest ￿d loaTF repayments. The surplus of income over expenthwe bth takÉw acco(rt of investsnw& perkn￿ was £7,579. S(Kne investment unts were required to tE sold to SUFPOrt cashkn duritKJ the year. There vas a decrease in market value of investments of £5,843 in line with globa m&kets. The net result for the yew wa8 a surplus of income over expenditure of £1,410. Adthng reseryes br(wght forward at the beginning of the year, the ba[an￿ carrigJ forward at 31 DecemtF 2025 fotalled £158,582. £46,892 of this is carried fcfward in destgnated fijnts for fabric repairs, youth &ttvits'es, music and training. £3,084 is held in restricted fU￿ts for church and for hardship supp)rt for the needy. Expenses were close to budget levels in 2025. The overall perf0nnan￿, just better than bTeaverL was only achieved as a result of the legacy and large donation menlioned ab)ve. However, i)ur continuing eX￿$S of routine expenditure over routine irwme still ￿dS to be addressed. Fundraising and the level of regular, repeating income must be rev￿Wed and nwst be increased rf the ministy from St Peter's is to continue as it is at present We cannot reFy on legacies and tnvestment makets to tx)￿ter reserve& A stewardship campaign ts being planned in 2026 and WFII be carried ￿ unlil the financ£s are on a stable frx)ttng.

RoseNes Pollcy It ts the policyoflhe PCC to hokf genera cth reserbBS to nrAmal runnvw costs for the foreseeable future in order to ￿0w￿￿￿ent thme for in(*Th to tE improvgj. ReseNes ha￿ been designabj to co¥erth8 Cost of repars b fabr￿ arlsirKJ from Ihe latssl q(JiTr]uennlal survey and from normal wear armj teal. There are smai tle5tgnated fijnds lo cowthe c(& oflknws. wic &KI youth &tbvibes suptM)et for kK£ hardship (A8es.

Independgnt Exninrfs ROF￿ to the Truslees of Thp PCC of the E¢d#s￿ ParÈ¥h of Budleigh Salterton I roport on ts $C￿rrtS of The PCC of tho ECdeSt￿ Parish L SaKerton ts the year ernled 31 D￿mber 2025 wFNth ste setoul ￿ pw ￿18. Re8pon8ibbittes and ljaw ot repurt A$ Ihe ch81iW$ trustees you are respon￿)￿ for twepwatsm of the in acojrdarth the r8wkem￿ts ofthe ChaiiF8s Act 2011 A￿. I report in respect of my exwanalion of the d￿1￿3 ac¢wrt5 L¥rted tyrt ￿KIer sectitjn 145 of the Act S￿1 in carrying (xrt my ex8minaUon I hwtt fiA¥ed al fv appkth Dlrecahxts grier7 Iry lh& Chartiy Commisslon under seclon 145(S1(b) of thaA Independort•xamlnets stalemert I have coryylgled my exarninthn. I rA)nfm IFMI rK) rnat￿l matteTr hwe to my attvnllon in conngthon vhth the winafion L4ving me wse to ltsve thBt in any re5Pg arxAJuTrting records V￿￿ not kept kn respect of the tharity as ￿￿tre{l by secficffl of IheA( or the Ac¢ounts do not 8ccord wilh those records: LY thè accolmts do Thjl wfth lh8 4wkable requranaits oy￿￿En9 the forni eortent of ao)wr 8et tyjt in the Clwiues •coJunts and RgwJrts) Regulablxis 2L¥J8 other than any rwLtiremenl th the aC￿nts gv• S'In￿ arKI fr Trita mthcwhjwed a6 pal ol ￿ i1th￿n￿￿t exarriwtion. I hav¥ no concerns have across s?￿[ Frttw8 in Con￿¢￿0￿ vlth the trxamwtion to attenti hlr Ja Bith FCA Chartered knwrlonl ck Aco)untants LÉd 18A ulllel￿Tr Road Exmouth EX8 2QG 13 May 2026

Parochial Churth C￿nal of 5t Petsr, Budlei8h Saltert Stat￿ent of financial activrties For the ye4r ended 31 Decenkn 2025 General DÈsignated Restr1eted TOTAL Funds FuRds FuThds 2025 TOTAL 2024 Note Voluntaryltycorne 2{a) 137.047 Artlvltles for senerarin8 funds 2{b) Income from In￿stMeNts 2(c) 21d} i.n8 138.775 116,051 4.701 5372 41,907 I68￿31 4.698 Chvr¢h actlvPtbE$ 51.305 193.040 503 5Z.442 2231 20QAO3 Totsl Incame Church artlvttles 3(a) 183,330 8.729 8.729 193.024 192,92 191924 Total XPAndltur Jg4OZ4 before Irwesknetrt galrL/{lusses) 9.710 (33971 7￿79 124893 Galn/{loMI on sale of In¥stmws GalD/{lussl on rewaluatlon ot lrniestinert assets {326) S(bl (5W3 15.843) Q61 Net IncoM*/(exppndlt￿￿ {3397J Jo 107.565 47.789 157.172 XTJ.748 104606 157.172 The noies on P4ES Ilto Isforni part rftheselknanrlalstat￿Errt5

Parothial Churth Coundl of St Peter. Budleigh Salterton Balano sheet at 31 De￿mber 2025 General Deslgnated Restrfcted TOTAL Funds Funds Funds 2025 TOTAL 2024 Note Flxvd as$ets Tanglble Investments 5(al 5{bl 26￿6 826 1716 181.490 184.206 55.756 81.481 084 140.321

M4 167.147 Debtors Cash atbank and In hand rt5Z 23.517 11.452 24.286 14.138 21615 Creditor$%mounts fvllln8 due withFn one year Net flfftnt 35setslltabllhle5 4945 4799 14744 14.291 &324 Llab•lts¢sfalJts¥ aftw y¢ar 30.559 30559 I08￿fi 157.172 Unrestrfrted Gener41 lo8￿ 107565 46,892 47.789 155A98 Designated Total unrestricted 46.892 10&606 46Tr2 155,354 RÈsirtcted %084 3.084 Total par19hfvnds 157.172 Appro¥ed bythe PatoEhi81 Chjrch CouNiton 11 Febnjary 2026 and sydon its I￿v￿M￿Je￿nifer SteelelPCC LayCIx8irl and MT ArtonyGrny IPCCTreasurerK The rtrrte5c￿ p38e$ 11 to18 forni ￿rt￿ll￿th7anCm1 io

Notes to the financial StateM￿ts Forthe year ended 31 December 2025 Ac4wntlng poliaes The PCC Is a wbl1c6enefft￿jt1ty wlthln FR5￿1 fina￿laj state￿￿rtS have been prepared under the Charlties Aci 2011 and I￿ 4cwrdante ￿th the chu￿ knwnting Re6vkniws 21KI6 8ovemuy Indmdual accthjnts of pcfs. apo with the Re8vLath)Rg"true •wJ falr¥Th￿ Fvo¥sbAs. t£getherwith F8S102 asthe awAtaWe Charth ISORPlfRSiffAII. The fIna￿la$ statements Imve bEen wepared under tt cost extept for the vakntion ol roundedtothe near¢# pound. In¢ome and debtrfs Irt£oMlngre5c￿1￿arewxl￿d￿i1nl￿eYate￿rtQFFvathI￿b￿￿{￿￿￿Wh￿￿thePcrb￿mL$Ie&a￿ertl￿ed totheyse olthe resour￿ lTrIknwofax¥¥)mKbe￿t E WLb3Ne•xlthe TrJnBWvaluecan be rne4w￿ yjith 5uffieieAtrdkb4tty. Funds rdk5edfFOmryet￿3re Br05s ffi the S)FA exrewwherè as%JoatÈdexpses are not QT 15 iffjya¢ETrI to idertlfy them p¥af. Grénts aEpI dciattOn5 are I1￿1￿ded In the SOFA 8t)y pre<0¥￿tt￿)nS preventh¥ their L￿e IN the PCC have For Lr4lecUors ptanrEd gwlng thÈ LE Whe￿ thE furnls are recewed. Gtrt aTd and other tsx rklms are hxbjded in the 3t the tawe time as the cash dortions tt>wblch they relat& klnd for to ftsrxl ts PCC are ￿thIded In th arcoyrrts attheir esknrnated fairvatueatthe date of ÈFfeasIb￿-QYetse re£ognEed when 50bJ by￿ rrc Gifts kn kortd forthE PW5 own ilse are Induded in the SOFA a5 reS￿rCeS at fatr vats￿ wtRn rera¥3bl4 e¥peAsed 8$ and wTrn eonsumed Èn tsse. Grfls olflxed assets. tf matethl, are tsxluded In slpt attheirfair¥alue al￿ e¥tD5ed orthe assevs usefvl ecor¥Jrnk lrfè. LeKthatE acc(Wrrtedfor4￿the PCCIS Wllyentlmedtsthe amounts due. Grarts ￿1Ved as a cOnt￿b￿li0￿ towarts sFtrif expwdlture are hekl as a dete￿ed asset untl cost of thè eyndlturÈ i% iwjrred. Dorted and tscJlts are I￿￿de3 lo firm lar¥1 at the same tNne in resourres èxpended) at tbe e&timated faY¥alttÉth thÈ Pccof 5rte or faufrty ThÈal￿e ￿ onywluntary h of the thurLh werriw fac1tt￿5 is the refthl ￿71¥￿er￿lS a￿ ￿cOunted frjr wh@ f￿1Vable. Intsrest 1$ accnjed. InvestSTWrt galns and hJ55es onygain or k)58 on the sate of in¥e5tments ar1 anygain ortw ￿l￿n£frOM rev1￿1￿81￿St￿￿to attlle g¥1 0Fthe￿r. Debtoys3remeasu￿ attheIr￿CE￿IW￿awthThts tIEomurtthePcC3ntwieskw1arecel￿froMa<￿bÈOVthe amountiih49 pbld In a(haN￿￿gr￿)dsor$efvke& Expendtture and liabllltles Ltabllitles a￿ reC￿lse￿ • sxd) as there 15 a Je881 LY co[￿t￿￿ I￿￿atIc￿ and i4 p[obab￿ and wit1bJ￿ perfOrm¥￿e condfttoF￿ ate rE¢cgni*J ¥ctountswhen a has b2en made externawand there a￿ rn pre-£¢7Tr￿rtb￿5 Mll to be met ft¥ erthementto the wlAth rema¥n ￿thin t￿ corttrol of PCC. ThedkKesan parish share 6accountedforwh￿d￿e. Allthrewnthtyjre ￿gene￿[ec0￿zed whenit is incurred and Ls accounted forgross. li

$0 fara5 consectr3ted and beF￿fice wcferty of klroj is eXd￿ from tl StsbJtor¥ deFinitloTr of"(hartif by Secih)n l(K21 lal ￿ {cl of the apritskt2011 a55etsareThxfzp1tsIFs￿ InthefinaTthI statefflerrts. Mthfable thurch fum15hln8s are tapitalised at C05taNI Wiatrd ￿rt￿ir￿sefv1 ayjnomk life otherthan where 1115ufftuent C05t a¥adablt In thi5 ¢zse the ts Th)t capitalwl, but all Iterw ￿ knduded in the Church's in¥ertw k) any L75e. Tan8lblefL¥ed asset5 arecoptialithoT can ￿ used ¥ear.aJNI Cost at Iwt£lSLki TheyaR¥ah￿d atcost0rdse.f0r￿ts￿￿w ata ￿50r￿1b￿ estimate of thEir open market va￿e0n r&4pt. tkpredation Is (%kntsted to wAte off the £702•J c05t Df r￿edI$Sets lessthelr(Uff• antKIF4tal rÈsldualfalr dlue ttver th￿re￿lma￿d usef￿1 ts¥esasfoltcw4: FL￿reS atHI fftttngs M3thifiery al￿ eguipmrt In¥ÈstsnentsqLNxed on a reCow￿ed skcKkÈxd￿eor￿l￿Vaknederfvsfrorn tI￿Tr wevalLd at￿￿￿et¥aj￿e at Shorttem? deposits IrrI￿(ash lkl¢mdep)5fÉeldwwlththeffjFthwrJ¥ofEFglaThlFuTrJ5 Lyat ba Funds Urwe5trfcted funds represeFrt the rernaknillg Income fU￿ts of the Pccthat ¥re avaltsb￿ for Spe[￿￿8 on the general pwptrse5 ofthe PCC. I[ththgarr￿V￿ts dwnated by the Pccfor fuEd as*ts hs sp￿￿nE 12

Income General Desi8nat•d ftesirf£e Ftsnds Futsds TOTAL 2024 2{è) bKtyn• Plafined 8ivFng CoTlecifgn5 7.151 Donatlgn5 #hd appeals 6ift dav LE¥èdes Hardshlp dO￿atr￿n$ 16,981 7,998 250 L72B 997 7.D$7 JA775 FAends olst Pete￿$ 469S 701 4E698 701 DI￿de￿&S on irthstSDent ark and fJF DOPO51t Fund InteR5t 25 377 21dl Lett¥nz Cf p7emise 23.124 Feès FloweFS 1.26$ ID5¥r3nte dalm 5.120 yern)lts Solos lunches Loa¥es lIsh￿ 4a> Burs¥18VOun 13540 51.3( 5L44Z 4L907 Ibk)Ime 193.0 .031

Expendkn OslDat•d Re4trftiE¢I Funds TofAL Funds 2025 2024 l&sl4>naryarrd ￿t￿￿tsb1¥ omÈ: 61Z Otslldr•Tr D55tre5A 333 Exmouth J8S & IntsrservE hwsssofs Pathe Id L5(Kl Obrfstiails A8olrSt Pov•rtv St P¥trork's Exeter Royal Brltlsh Lègltsn 375 401 5Pi5Eate St P•teF'S Sch(￿1 5t Phllip's Collè8e T•nz¥nla ExThovth Foodlhift 97(1 Woodland Ynts 417 Local 8lloWance 35 &571 6,072 Total donatlor& Tr￿de bythe PCC L51X 97.7LXI 97.X •r￿and 5tsffln•c05ts Notr 4(a) 27357 uslc AdmlnfstTrtfon and EW¢IS Prop•rtyNrknfTrso)sts ChvTth m3jDt¥Èpa5r& and MaInit￿8VIc Hall tep¥irs malntrnBryC¢ Fltswers .ra7 66¢ SL462 635 514 1,148 23M6 AAIO 1,266 1221 1.170 924 lnde￿ndent•¥aM0É￿$ v•rnun•rniboil 4Y29 965 &729 ' (fees paydi4eto the PCCS wmimerfortheewtnrtion ofthe fiDThI ￿*￿em￿ts> 14

{?) sts1t￿st IFKluded in Ckry?￿l St￿ c05tsare." Genernl Deslgnated TOTAL Fund5 Fvmds T(¥fAL 2024 Salavle5 Z4XIB Duritsgthe yeor tr PCC employal a Dlrector of Musk and ￿ Administrntr It•th prt-tirnl. some ofthe CO￿ of emptyng the Adrptl4Strt￿ Is rtto¥er8I from Ibe oflr £lw¥ths In the Raw Mtssw)n C(MMiun6ty. There are no empbyee5 who ￿tlYd totsj emktments emplw PPj￿ o)5ts1 oftrxye than £g)AOI No payments No pakl dul5r¥ts￿oT. Ibl Donakns frorn PCC members Durfng 2025 the PCC £IS)J2812024. f￿￿1} ikntthoiis from IPCC ￿MI]erS) and thelrt105e iel)lfves. Therlonorsd6dnot attlthartylx)nd6tA)￿tothe￿w￿5y￿1￿￿yeWw￿thed￿17ty IPCClts$i8thnE￿è[ter th2 natureofitsexth ¥Wties. (cl Paymentsto PCC members parties. 15

Fixed Jssets Church Equipment At l Janu3ry Z02S Additlon5 af Cost 6Q139 2772 (4JKX)I 8311 D&sp•sals atcost At31 De￿￿ber1{F25 At lJgnuary2025 (har8e tor the par Dtsposats At 31 D¢￿mber 2D25 S7A23 29 IL6671 56J 25,826 2.716 At31 )e£ember2025 At31 Detrmbef2024 oker. kirthn mathlrory arwt dir5 Intr lll.astrw sh&1 in the ckncwandatrattty n¥Meratthè Burtal Ground. The tractor mwer0￿￿￿ at the stsrtoF the yearwa5 StDknfrom a 51d atthe Bwlal Gr￿nd. The prweedsof an Irsuranceclaim rnoretton ¢jJveredthewri￿n4O￿￿ vakbeofthe ?￿￿0tthetiMe of thethelL Tht in &Jrf41 Grtwnd coi Bi¢J ¥narket value at l January21fL5 UnEts 501d durlnuvear RÉyaluatlon 8afn}{Ios5) Bid matket value at 31 D¥cemb•r 2￿25 181A90 43S.326J 5A43 140.321 at31 Deotthr2025w Uttlts Value C8F Ctrurth of Englan41 Insnènt Fund 632LrKI lffjJ21 16

Debtors T•xwLovèrable Debtois %T38 paym¢￿ts iL452 8.477 Uabilftles CFedttors 239 4.799 13.744 14291 Loan from Fxwofoce Gohwnment Grant Income 3rtng2025 thePCCwaslrtweFrtQF￿f0lI0Wl￿gl*Frmtt£￿' 17

Funds The desFgnated funds ujmpthsed the Fajit held to ctryErtl crtst of Rpair5 and MaInt￿1n(e tts £httrth bulldln&theJunlorfuryl, the Musl¢fund andthe Trainit¥fvnd. The FabrKfund recers IncomofromfiJfKl-ra￿lTr1 bv the Friends of St Peterf& The Junbr ori¥wolly arosefrom a W. Furt1￿ gJms Iwe de5i8nated to thls fund. The Muslcfvnd 3wse the cb)gJre of StPeterfs P41u5K kniEty. The TralTrin8fuNI arosefrom donatlons I￿r1edf￿Th unwantedf￿18kn￿￿ce De51gnated Deslgnated Desl8nated 0è518notod Fab¥i Junlor slc TTaloi41g Goneral Total balaDc¥ atll Decemyytrr￿24 107565 3>A82 193.040 {188330) 1326) IW31 5354 19&372 ExpÈndlttl L05s on 98le of InvesJJnents LOSS on fevaluatton oé InsbiieJ)ts Trgnsfer bttweort funds Balan￿ 3t31 De￿Mber2￿ 15321 1189n 13361 15.8431 Flower Hard5bip Totrl Balwnte t31 December2024 lThcDrne L728 Expenditsre Transfer between funds at31 De*mber 20Z5 LY78