St David's Church Exeter The Parochial Church Council of the Ecclesiastical Parish of Saint David Exeter Registered Charity Number: 1135766 UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Contents Page Trustees, Report Independent examinerfs report Receipts and payments account Statement of assets and liabilities
Trustees. Annual Report for the perlod 1 January 2025 - 31 Decernber 2025 The Parochial Church Council of the Ecclesiastical Parish of Saint David, Exeter Registered charity number.. 1135766 Charity's principal address: 95 Howell Road, Exeter. Devon EX4 4LH Names of the charity trustees who manage the charity.. Name Role Helena Walker Paula Lewis Sarah Black Stephanie Hi155 Maggie Draper Roger Beer Barbara Allin Dr Matthew Glover Glynis Hartlett Alice Francis Charlotte Townsend Robert Mitchell Deanery Synod rep PCC member Deanery Synod rep PCC member PCC Secretary PCC member PCC member PCC member Resigned October 2025 PCC member, appointed Lay Chair of PCC June 3 2025 LLM- re approved June 3rd 2025 Term of office as Church Warden finished May 19th 2025 Appointed May 19th 2025 as PCC member Re appointed as Church Warden 19th May 2025 Resigned 24th November 2025 Appointed Church Warden May 19th 2025 Deanery synod rep rd Hilary Todd Phil Dale Mary Kirkland Dave Allin PCC Member Term of office finished May 19 2025 th Richard Smith th Resigned May 19 2025 Jonathan Johns aer8Y Mike Clark Sarah Cumming Suki Coe Treasurer co-opted 3, June 2025 Interim Vicar Associate Priest Curate Appointed 28, June 2025 Page 1
Objectlves and activltles St Davids is part of the Di0Se of Exeter within the Church of England. In the previous year St Michaels was part of this Gharity. However. the comparatives show only the results for St Davids for clarity. The Parochial Church Council IPCC) supports the incumbent in promoting the ministry and mtssion of the church. The powers conferred on the Council include the power to acquire, manage and administer propety for church purposes and Ihe power to compile an annual budget of funds required for church work. The Council is also given power, jointly with the incumbent, lo appoint and dismiss church staff members and to determine their salaries and conditions of service. The Church of England's objectives are. To enhance the Church's mission.. To sustain and advan the Church's work in education. lifelong learning and discipleship., To enable the Church to select, train and resource the right people, both ordained and lay. to carry out public ministry and to encourage lay people in their vocation to the world., and To encourage the maintenance and development of the inherit8J fabric of Church buildings for worship and setvice to the community. The PCC ensures that the church life within the parish helps to fulfil Ihose objectives, both lorAlly and more widely through the support of mission partners. The PCC is aware of the Charty Commission's guidan on public benefit in "The Advancement of Religion for the Public Benefrt" and has regard to rt in its administration of the Parish. The PCC believes that, by fulfilling its responsibilty to work together with the Incumbent and ccpoperate in all matters of conrn and importance for the promotion of the whole mission of the Church, pastoral, evangelistic and social. it provides a benefit to the public by= Providing resources and facilities for public worship, pastoral care and spiritual, moral and intellectual development, both for its members and for anyone who wishes to benefit from whal the Church offers. Providing ministerial plaMentS and curates, training in the Exeter Diocese, supervised by the Vicar and complemented by parishioners giving support and feedback. Providing live streaming of seNices to enable those who are unable to physically attend Church services. Providing home communion to those unable to attend the Church Providing pastoral visiting and phone support the church communty, including those who are house-bound, bereaved and socially isolated Promoting Christian values and service by members of the Church to the communty lo the benefrt of indivKluals and society as a whole, as evidenced by our S¢xial outreach programmes. Provision of study and discussion groups across the liturgical year Provision of children and family workshops and events for Festivals (Harvest, Christmas and Easter) with community OLrtreach and celebratory activities. Providing the opportunty to sing in the Church choir andl or play in the Church Orchestra to enhance our weekly worship Page 2
Providing the opportunty for music scholars to practice on the pipe organ and contribute to Ihe music life of the church by playing for services and giving recitals Providing the opportunty for bellringing, including student ringers to ring weekly and on special occasions Hosting concerts and reatals by local choirs and groups, by Universty societies and commercial concerts. In 2025 there were more than 15 concerts The clergy team take regular assemblies al St David's School and at St Wilfred's School and a local nursery within the parish and supporting them attending St Davids Church for services. community events and priz&giving etc The clergy team work in local schools and governing body of local schools. The Vicar is Chair of Govemors of the Church School in the parish A close working relationship wrth Exeter College, our neighbours where we utilise our reSoUrS for community education projects. We enable a wide variety of classes and activities for College students and outreach to encourage social inclusion including supporting people in job search activities. We provide a wide range of parishlchurch community events. These include picnics, walks. shared meals (such as a Harvest supper) fellowship breakfasts. Quizzes. and a church fete. These activities are to build up community life and fellowship as well as raising funds. A recent development ha5 been organised day irips to Historical places worship Provision of weekly packed suppers to people who are vulnerably housed in our locality. We also work closely with our local YMCA in the parish providing a venue and regular food and grfts at Christmas Acting as a venue for meelings, events and concerts for local NGO'S and voluntarylcharitable groups, including AA groups and SLtpport outreach groups. Holding fund raising eventsl making collections for local, UK and overseas charities, including fot)d collections for Ihe Exeter Foodbank and Ihe local Esther community at Harvest and support for prisoners and disaster relief response We hold a weekly café lo provide social activity and in partnership with Exeter College we have a craft activity at this event monthly. A newly established University Student group meets fortnightly for discussion and activities We have an active Facebook page and a website that shows the activities taking place at st Oavids. The website is currently under review by a newly established communications group We have a monthly Parish magazine -"New Leaves. which is distributed to parishioners and those who live in Ihe local area. as part of our community outreach Flnanclal Review St David's reported a net inflow of resources of £23,824 for the year. compared with an inflow of £22,861 in 2024. The prior year's figures were originally prepared on an accruals basis., however, following the Truslees, decision to adopt a reipts and payments basis for the 2025 accounts, the comparative amounts have been restated to reflect only cash receipts and cash payments. At the year end the PCC has total unrestricted funds of £142,779 {2024.' £118,955). Some of these funds are designated for specific purposes (which purpose may be varied by the PCC from time to time). The remaining, restricted funds of £17.972 {2024'. £17,972) relale to the St David's Transfomiation project. Page 3
Reserves policy The members of the PCC are satisfied thal the level of reseNes, as shown in the accounts, are adequate to cover known and anticipated costs, including necessary repairs including the immediate backlog. The PCC members regulady consider the levels of current and expected income and expenditure and assess the level of cash reserves required lo meet any shortfalls in cash receipts over payments. Cash in the bank at any one tirne is nomally sufficient to cover delays where income arrives later than expenditure. Cllmate change and su8talnablllty A "Green Team. has been established accountable to the PCC. to encourage Church members to consider their response to climate change and environmental degradation and to work towards accredrtation for St David's Church under the Eco-church scheme. As part of this initiative. fruit trees were planted in St David's Church grounds. A regular Fair Trade slall has been held at Sl David's and we r&cycle and review our activities in light of the climate emergency. Investments The PCC has a number of investments designated by the Church, which are managed centrally by the Exeter Diocesan Board of Finance and the CCL4 investment Management Ltd, which the PCC consider is secure and appropriate to the safeguarding of Ihese investments. The managemènt and control of The Sl David's Institute and Pastoral Fund investments are managed and controlled by separate groups of trUee5 (appointed by the PCC). All other investments are under the direct control and management of the PCC. Rlsk management The members of the PCC have given consideration to the risks to which the PCC may be exposed, and they consider that the systems that have been established are suitable for the minimisation of such risks, for safeguarding of the assets of the PCC, and for the prevention and detection of fraud. Safeguarding The PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 {duty to comply with the House of Bishops, guidance on safeguarding children and vulnerable adults). There is a safeguarding team who meet every Iwo months and we mainlain a dashboard and safeguarding hub to monitor DBS Clearan and safeguarding training records of our volunteers, and these are reviewed regularly. There is a safeguarding report given at every PCC meeting, and information about safeguarding on our website. The PCC reviews and updates our safeguarding policy annually and presents a safeguarding action plan lo the PCC. We publish inforniation about safeguarding in our Parish magazine and have an annual Safeguarding Sunday where the whole congregation are reminded that safeguarding is the responsibilty of us all. Page 4
Strn¢ture, governance and management The method of appoinlment of PCC members is set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and Stand for election to the PCC. The Electoral Roll was revised in 2025 (this is done once every six years) and our current electoral roll has 91 membe The Standing Committee consists ofthe Incumbent, Church Warden, VI Chair and safeguarding officer, PCC Treasurer and Secretary. The committee is also attended by the clergy team. This is the only committee required by law and has the power to transact business of the PCC beeen its meetings, subject to any direction of the Council. The trustees declare that they have approved the trustees, report above. Signed on behalf of the charlty's trustees Mr P Dale Trustee 'L 6 IlPGIL 101 Date Page 5
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of The Parochial Church Council of the Ecclesiastical Parish of Saint David. Exeter On accounts forthe year ended 31 December 2025 Charity no (If any) 1135766 Set out on pages 8t09 I report to the trustees on my examination of the accounts of the above charty (he Trust.) for the year ended 31112 12025. Responsibilities and As the chartty trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 I'lhe Act"). I report in respect of my examination of the Trust's accounts camed out under section 145 of the 2011 Act and in carying out my examination, I have followed the applicable Directions given by the Charity Commission under section 14515){b) of the Act. I have completed my examination. I confim) that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect.. aOntIng records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records Independent examiner's statement I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in order lo enable a proper understanding of the accounts to be reached. Slgned: Date: 1g.Olt-iOL6 Name: Jonathan Westley FCA Relevant professional quallflcation(sl or body Ilf any): Association Chartered Accountants Address: Thompson Jenner LLP 1 Colleton Crescent Exeter, Devon EX2 4DG IER Page 6
Section B Disclosure Only complete if the examiner needs to highlight matters of concern (see CC32. Independent examination of charty accounts.. directions and guidance for examiners). Glve here brlef detalls of any Items that the examlner wlshes to dlsclose. IER Page 7
I CHARITY COMMI551014 1 FOR ENGLAND AND WAiES Tho Parachlal Chur¢h Councll of Eccl18¢al Parfjh of Salnt D4vld, Exotor 1136786 Recei ts and pa ments accounts CC16a For tho p•rlod from 01-Jan-25 To 31-Dec-25 Section A Receipts and payments Unrg•trf¢tsd fund¥ Ro¥tnct fuTrd¥ Endowmont fund• Totsl lund• L•8t ywr to th• nMr••t toth• toth• r••r•tf to I n•ar4•t£ Al R•¢•l and I Chantse •¢iwlie8 Otherltaoiw att118¥ Inve5WI Iftcxne erinw 76,194 32,735 2,173 25.000 5.TT8 4.720 4,7¥1 Sub total(Gmss income for AR) 124,937 124,937 119.840 A2 A88et and Inw8tm•nt •ah8, 1808 tsbl81. Sub total 124.937 124.937 119,84S A3Pa •nts Raing funds Chan¥tAe 8fAiVrtie$ Othei exwditure 273 1ty).840 273 100 9S,316 Sub total lOt.113 101.113 96.904 M As$•t and Invo8kn•nt urchaos, 8•e tsblel Sub tot•1 101,113 98,984 Net of recelptsi(payments) AS Transfers btheen funds A6 Cash fvnd8 la8t year end Cash fun(ts thls year end 23,82 23.824 22,861 118,955 142.77 17,972 17,972 136,927 160.7S1 114,066 136,927 Page 8
Section B Ststement of assets and liabilities at the end of the period Unrestrf¢ted funds R•$trbctsd fund$ Endowment fundB .aiciJuiic¥ Deiails to noarw E B1 Cash funds M8inAccwni Pastoral fijnd derx)sit Unt Institute de1 account 5,232 12.TT6 17.972 Lloy0¥ 32 tsy ncth¥ LI0S 21.331 Uwds 95 day 31,388 LloxI9 48%8y8 fixeo 4 37% Total cash funds 142.779 17,972 Unmtrl¢t•d fund• Re8trlct•d funda to n•arnBt E Endowmont fund8 Details Fund t(pwhl¢h Detsils St DaYJd• Colt lopUon411 Current ¥aluo 83 Investmènt assets Or an FUTh 24.051 Fabric Fund Pastoral FuThJ 8,146 Institute Do•1gn•i•d 66,41S FutMI ¢0 vbkh Detslls Cost loplbon•Jl Cuff•M vl¢ onal B4 Assets retalned for the charlty's own uso Ftsnd lowhh r•1• Detsll$ AAnourtduo on41 Wh•n du• onal 86 Llabllltles Syned by one or trustees on beh8ff of all the tru%tae8 Signatur¢ Print Nam Date of oval MrPDa 1611t(2oL Page 9