ST GEORGE & ST PAUL, TIVERTON
ANNUAL REPORT AND FINANCIAL STATEMENTS
YEAR ENDED 31ST DECEMBER 2023
CONTENTS
REPORT OF THE PCC
REPORT OF THE INDEPENDENT EXAMINER
STATEMENT OF FINANCIAL ACTIVITIES
BALANCE SHEET
10-11
ACCOUNTING POLICIES
12-15
NOTES TO THE ACCOUNTS

The Report and Accounts of the Parochlal Church Council of Tiverton
St Geoige & St Paul for the Year Ended 31st December 2023
Background And AdminSstratlve Informatlon..
Tiverton is a thrivlng market town of about 21,000 people.
The parish of Tiverton St George and St PaLtI comprises St George's church which is situated
in Fore Street, Tiverton and St Paul'5 Church which is situated In Church Street, Tiverton. It has
a relatively stable population and is withln In the 25% most deprived parishes in England, with
particularly high levels of deprivation within the West-Exe area where our main venue of St
Paul's Church and St Paul's Church Rooms are located.
The correspondence address is..
The Parish Office. Church Street, Tiverton EX16 SHU
Email.. office@tivertonchurch.org
Website.. www.tivertonchurch.org
The Parochial Church Council {PCCI is a body corporate IPCC Powers measure 1956, Church
representation rules 20061
Charity registration number: 1175137
Alms And Purpose: A Chtjrch Wlth A Heart For The Community
We are 3 lively Anglican church, for all ages, seeking to serve others and be transformed by
the love of Jesus Christ. Fully embedded in our local community in Tiverton, Devon, with over
20 outreach services to reach all parts of our community, including families, children,
homeless, older people and youth. In addition to more than 10 different services supporting
our 200+ congregation. The PCC has the responsibility of co-operating with the Incumbent,
the Reverend Andrew Humm, in promoting in the ecclesiastical parish of Tiverton St George
and St Paul, the whole mission of the church, pastoral, evangelistic, social and ecumenical.
The PCC 15 responsible for the financial management of the parish buildings. This includes the
care and maintenance of the fabric of both churches, and the care and maintenance of the
churchyard at St Paul's. St George's graveyard is closed and is the responsibility of the local
altthority, Mid Devon District Council. The buildings in regular use for public events {St Paul's
Church and St George's Church Extensionl are fully accessible with a entrance ramp, accessible
toilet, baby-changing facilitie5. St Paul's Church also has a hearing loop and a new audio-visual
System with big screens. While remaining a licensed place of worship, for practical reasons no
regular services have been held in St George's Church Since October 2014. St Paul's Church
Rooms provides a range of room sizes, toilets and baby-changing facilities, but is not fully
accessible with some steps from street level to the ground floor, and the fi'rst floor currently
only accessed by either of two staircases. Plans for a complete reconfiguration and renovation

of this building, including full accessibility and the installation of a lift to the first floor have
been drawn up, but their implementation is dependent on sufficient funding belng secured.
We livestream our Sunday services and have lively Facebook, Instagram and YouTubeaccounts
to keep our church community and our nelghbours connected through regular updates,
prayers and reflections. We started livestreaming during the Covid pandemic, and have
continued to find this an important way of engaging with those who find it challenging to
return to or begin attending services in person. As in previous years, fundraising activity for
renovation and updating our buildings continues to be a majorfocu5. During this year we have
been able to complete major work on the leaking church roof, and install a new LED lighting
system which has greatly improved both the useability and environmental impact of the
church building. Internal decoration to the maln church building is a project yet to be started
and in need of significant funds.
We have now successfully gained Planning Permission for the complete renovation and
refurbishment of the St Paul's Church Rooms mentioned above, and have moved into a phase
of establishing detailed costings of this work and formulating a fundraising plan. This is a
project with a vision to allow the church to do even more to engage with and support our local
communitythrough the facilities afforded by a much-enhanced venue. In orderto achieve this
vision, we will require considerable funding. both from within the church and local
communities and by making successful applications to relevant grant-making bodies.
Objectives and activltles:
As a parish church, St George and St Paul exists for all in the community who seek comfort,
Solace and support, whether they are members of the congregation or not. The PCC is
committed to providing facilities for worship, prayer, fellowship and pastoral support for those
in the parish and in the wider community of Tiverton. In planning our activities, the PCC has
regard to the Charity Commission guidance on public benefit and specifically the guidance for
charitieswhose objective 15 the advancementof religion. Our church benefits over 700 people
each week, throu8h regular church services; groups that reduce loneliness such as toddlers
and a vulnerable people's café, and others that bring people together such as our thriving
community choir, Take Note. We also work alongside other local charities such as CHAT
IChurche5 Housing Action Team) and ReRooted la surplus food café) that address specific
needs such as homelessness and food poverty, We aim to enable and encouraEe people in our
community and beyond to come to faith and to grow in faith through worship, discipleship
and prayer developing knowledge and trust in Jesus, provision of pastoral care within our
parish together with mission and outreach work in the wider cornmunity.
We are very privileged to be an extremely intergenerational community, and with different
services and needs to be met therein is a huge focus on developing the younger generation
from tiddlers and toddlers right through to pastoral and friendship groups for the older
generation. Our team includes a Vicar. two Curates who joined the church in July 2023 lone
of whom is currently on maternity leave), a full-time Youth Minister, full-time Children's and
Families Minister, and a part time Administrator. The staff are supported by a large and
committed volunteer team of Readers, Ordinand, retired clergy, Church Wardens, a Treasurer
and an active PCC, We are fortunate to have particularly high levels engagement with young

people in the community, seeking to meet a variety of their needs through social groups and
supporting those with a Christian falth to grow In It. The congregation has been generous in
supporting a variety of youth events, activities, a mentoring service, and residential camps.
This has allowed us to build strong relationships and help young people Sn the community to
grow and feel loved and appreciated, even in challenging times and situations.
Achlevements and performance;
The activitie5 of the Parish during 2023 are fully reviewed in the Annual Reports prepared for
the Annual Parochial Church Meeting. It has been a privilege to be part of such a thriving.
compassionate church commtjnity which seeks to serve the needs of it5 local communlty and
support arid care for each other. It has been another busy year for the PCC and Church
Wardens, especially during the three months of the Incumbent's sabbatical, which provided
him with a much-needed period of rest and reflection and has allowed him to return with
even greater vlslon and enthuslasm with which to ble5S the church. The church's activities
have largely settled into their new rhythm since the Covid-19 pandemic, allowing us to reach
out to the community from a more settled basis, although the impact of the pandemic and
the p35t year's cost of living crisis have significantly increased the needs of many in our often-
very deprived neighbourhood, In addition to offering Sunday and midweek services, our
volunteers take the church to many homes for house groups,. and to our local secondary School
three times a week through the Christian Union and School Pastors initiatives. Our local
primary-age children come to Fuslon, a weekly children's group, while the children's work
team run Open the Book sessions in the local primaryschool, and termly Messy Church events,
which can see attendances of over 100 people. Our weekly Charge youth group for 11-18-
year-olds is a thriving group has a typical attendance of around 30 young people acr05S the
whole age-range and Pfovides a vital Social and support Space both for children whose families
reEularly attend church and for those who have never attended a service. We also offer
discipleship groups for 11 years plus• giving them space to ask questions about the Christian
faith,
We work closely with local charities to ensure our community has the services it needs to
support everyone. We provide free food to around 150 people at our weekly Breakfast-On-
The-Go event, which has a particular focLts on families heading to the local primary school and
feedback from teachers at the school shows that this provision has a noticeable impact on the
learning and behaviour of the children. In a similar vein, Lunch-On-The Go and The Living
Room each run once a week, and have proven to be a successful way of meeting the practical
and social needs of particularly vulnerable and lonely members of the community. We also
continue to have a very close relationship with our local homelessness charity, CHAT (Churches
HoL¢sing Actr'on Team), supporting them with their provision of services to those who are
homeless or at risk of homelessness, including through advice, a foodbank and the work of
trained volunteers.
Independent revlew of church performance:
The PCC has continued this year to work through the recommendations from the Truscott
Report commissioned previously as a means of aiding in reviewing and improving the way
things are done. This year has seen a number of those recommendations acted vpon, while

others have been discussed and set aside to come back to later. The report hBs been invaluable
in highlighting the positives that we are already achieving in our community, and also in
clarifying the options for how to improve our operations and community engagement In
future. In particular, it makes clear that we have the potential for growth and greater
community impact,. but also that some of our facilitles such as St Paul's Church Rooms
definitely require significant improvement if they are to be the church and community hub5
of our vision.
Volunteers:
One hundred and sixty-six members of the church serve as volunteers across a number of
teams; from AV to welcoming and breakfast on the go to worship. Ministering to our church
members and the wider community many of our activitie5 would not be possible without the
faithful service of our volunteers.
Safeguarding:
A safeguarding team of five volunteers look after all areas of safeguarding in church including
the safer recruitment of all volunteers and ensuring all have appropriate training and D8S
checks, Safeguarding and related policies are reviewed annually and updated., whilst ensuring
the procedures are followed through, The Quality Assurance of safeguarding is monitored
regularly, and any safeguarding concerns are dealt with in conjunction with the Diocese
Safeguarding Team.
Financial Revlew:
The PCC are grateful to all those who have continued to give sacrificially throughout 2023,
both financially and in the use of their time and talents, enabling God's work in the fellowship
and community to continue and thrive.
As a church we do not generally hold general fund-raising events but are confident that our
regular giving through the Parish Giving Scheme, along with other donations from the
congregation, will enable us to meet our ongoing costs, To that end the PCC have approved
an aspirational budget for the current year, which includes flexibility to allow for the
continuing uncertainty around inflation, whilst being reassured about the financial stability of
the parish,
Unrestricted Funds:
Income of £213,422 was a welcome increase of Il% on 2022 and 15DA greater than the
budget. Voluntary income increased by 150/0, although income from occasional offices and
fundraising was lowerthan 2022.
Income of £8,013 from the hire of our buildings was comparable to 2022, Hire charges have
increased from 2024 to take into account the increase in overhead costs. Investment income
includes the rent from the church flats. The PCC reviewed the level of rents during the year
and agreed a phased approach to rent increases that will reflect rising maintenance costs.
General fund expenditure of £202,321 was marginally lowerthan 2022 and the 2023 budget.

Our Common Fund contribution of £116,969 has been paid in full and we are delighted to be
able to set aside £17,691 IIOYol of voluntary income to support our mission partners; Tear
Fund, CMS, The Bible Society and Churches Housing Action Team.
We were able to keep energy costs close to 2022 levels thanks to fixed tarlff contracts, but
these come to an end during the next 12 months.
Designated Funds:
During the year the PCC was notified of a legacy of £30,000 due to the church and this has
been accounted for in line with the PCC'S policy on grants and legacies.
Expenditure of £25,722 from these funds includes:
Fixed wiring maintenance and electrical repairs
Installing a new lighting scheme and emergency lighting at st Paul's church building
Church flats - replacement central heating boiler
General building maintenance
Restricted Funds:
Income of £83,378 includes grants and donations toward5 the church lighting scheme, re-
development of the church rooms and support towards church and community engagement.
Expenditure of £107,616 includes..
Installing a new lighting scheme and emergency lighting at St Paul's church building, in
addition to the contribution from designated funds
Clergy working expenses
Community outreach- including Breakfast and Lunch on the Go and The Living Room
Youth, children, and family's ministry costs
Training and education
Building maintenance
IT equipment upgrades
Emergency welfare Erants
The new lighting schemÈfor St Paul's church was completed during 2023 using reserves, grant
funding and donatiorbs from church members.
The PCC anticipate that the refurbishment of the church rooms will start during 2024.
Ongoing fFnanci31 support for the youth, children and families work in the church and parish
is provided by grants from a local charity.
The PCC recognise that the current economic climate continues to exert upward pressures on
the cost of running the parish, whilst inflation can also affect giving from church members, All
reasonable measures are taken to monitor expenditure with regular financial reports provided
to the PCC, staff and volunteer5.

Reserve's pollcy- General Fund:
The PCC policy is to achieve a General Fund balance representing approximately three months
operating costs to cover unforeseen eventualities that may arlse from time to time and one
month's Common Fund. This represents a target balance of £33,6(Ki. The potential need for
other reserved funds such as fabric, equipment and improvement are kept under review and
will be formalised as appropriate,
Structurei governance and management
The method of appointments of the PCC members is set out in chufch representation rules.
Membership of the PCC conslsts of the vicar, curate, churchwardens and members elected by
those persons of the fellowship who are on the electoral roll of the parish. All those who
attend the church are encouraged to reglster on the electoral roll and stand for election to the
PCC. The PCC members are responsible for making decisions on the matters of general
concern and Importance to the parish including deciding how the funds of the PCC are spent.
Full PCC met seven times during the year.
The standlng commlttee met between full meetfngs of the PCC and has the power to transact
some urgent business of the PCC between meetings where necessary. Its members are
currently the vlcar, churchwardens, treasurer. secretary and three PCC members. Other sub-
groups reported to the PCC durlng the year. The members ofthe PCC during the yearwere:
Ex- offlclo members
Rev Andrew Humm (Chairl
Rev Charles Wheeler (from 01107/20231
Rev Miriam Brandon-wheeler (from 0110712023}
Caroline Bright (Churchwardenl
Shella Hannallah {Churchwardenl {to 27104120231
Andrew Hln8ston (Churchwardenl (from 27104120231
Janet Norris Ichurchwardenl (from 2710412023}
Paul Sagar (Churchwardenl (from 27104120231
Elected members
Alison Padfield
Jennifer Tower
Janet Dawe
Stephen Clarke
Deborah Westlake
Terence Norris
Rodney Parvess Ito 27104123)
Aubrey Mizen (to 271041231
Patrick Bacon {to 0410312023)
Katy Baker (from 27104120231
Becky Britton (from 27104120231
Neill Bowler (from 27/0412023
Jillian Partridge
Elizabeth Harrlson IDeanery Synod Repl
Approved by the PCC on 17 Aprll 2024 and slgned on Its behalf
Reverend Andrew Humm

Independent Examlnerfs Report to The Parochlal Church Councll of
the Eccleslastlcal Parlsh of Tlverton St George & St Paul
I report to the trustees on my examlnatlon of the accounts of The Parochial ChLtrch Council of the
Eccleslastlcal Parish of Tiverton St George & St Paul for the year ended 31 December 2023, which are set
out on pages 7 to 13.
Respectlve responslbllities of the Councll members and examlner
The Charity's Parochial Church Councll (the 'PCC'I Members are responsible for the preparation of the
financlal statements. The PCC Members conslder that an audit is not required for thSs year under section
145 of the Charlties Act 20111'the Charities Act'l and that an independent examlnation is needed. It is my
responslbility to..
examine the accounts under section 145 of the Charities Act,
to follow the procedures laid down in the General Directions glven by the Charity Commission
lunder Section 14515llbll of the Charitie5 Act, and
to state whether partlcular matters have come to my attentlon
Bas15 of Independent examlner's statement
The charity's gross Incorne exceeded £250,000 and l am qualified to undertake the examinatlon by being a
qualified member of the Associatlon of Chartered Certified Accountants.
My examinatSon was carried out In accordance with General Direction5 given by the Charity Commlssion.
An examlnation includes a review of the accountlng records kept by the Charity and a comparison of the
flnancial statements presented with those records. It also includes consideratlon of any unusual Items or
disclosures in the financlal statements and seeking explanatlons from the PCC members concerning any
such matters. The procedures undertaken do not provide all the evldence that would be required in an
audit and consequently no opinion Is given as to whether the financial statements present a 'true and fair,
vlew, and the report Is Ilmlted to those matters set out in the statement below.
Independent examlnerfs statement
In connection wlth my examination, no matter has come to my attentlon:
l. whlch glves me reasonable cause to believe that, In any materlal respect, the requirements..
to keep accounting records in accordance with section 130 of the Charities Act,, and
to prepare accounts which accord wilh the accounting records and comply with the accounting
requirements of the Charltles Act and the Statement of Recommended Practice applicable to
charities,
have not been met,, or
2. to whlch, in my opinion. attentlon should be drawn in order to enable a proper understandlng of the
accounts to be reached.
R Mugford
Certified Accountant
21 Angel Hill
Tiverton
Devon EX16 6PE
16 April 2024

ST GEORGE & ST PAUL TIVERTON
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 DECEMBER 2023
Unrestricted funds
General
D081gnated
Noto 2
Note 3
Rg¥trl¢ted Endowmént
Funds
FLtnds
Note 3
Note 3
2022
Notes
Total
Total
Income and endowments
Donations and legacieg
Qlher trading activities
Investment Income
190,435
11,390
11,597
30,000
82,406
302,841
11,390
12.755
264.471
12,760
12,143
186
972
Total Income
213,422
30,186
83,378
326,986
289,374
Expendllurg
Fundraising
Church activilles-.
Staff Costs
Common Fund
Eslablishment Expenses
Improvement and major repairs
Ministry Expenses
Office and Miscellaneous
Donalions and mission giving
1,570
13.647
116.969
30,247
53,692
67,339
116.969
30,247
67.666
27,358
8,139
17,941
66.4go
116,134
83.531
5,392
21,416
10,602
16.550
25,681
41,985
11,689
15.669
8,098
17.691
41
250
Total Expendlture
202.321
25.722
107,616
335,659
321,685
Net Incomè before
Investment galns
11,101
4,464 {24.238}
(8,673) (32,311)
Investmgnt galnslllos$os)
2,077
3.130
Not Incomè
11.101
4,464
{24.238)
2,077
(6,596) (35.441)
Transfers betwèèn fund$
(5,5001
5,500
Net movom&nt In funds
5.601
9,964 (24,238)
2,077
(6.596) (35,4411
Fund Balancos Brought FoFward
35,033
45,503
53,224
24,438
158.198
193,639
Fund Balanc•$ Carrled Fonvard
40,634
55,467
28,986
26.515 151,602
158,198

ST GEORGE & ST PAUL TIVERTON
8AL4NCE SHEET
31 DECEMBER 2023
Notes
2023
2022
FIXED ASSETS
Investments
26,515
24,438
CURRENT ASSETS
Debtor5 and Prepayments
Cash al Bank and in hand
41,513
110.523
4,492
154,244
152.036
158,736
REDITORS., •mount$ falllng du¢
wlthln one year
26,949
24,976
26,949
24,976
NET CURRENT ASSETS
125,087
133,760
NET ASSETS
151,602
158,198
FUNDS
UnTeslriGled
General Fund
Designated Funds
40,634
55,467
35,033
45,503
96.101
80,536
Reslricted
28.986
53.224
Endowment..
26,515
24,438
55,501
77,662
151.602
158,198
Approve
by Ihe PCC on 17 April 2024 and signed by:
Reveren
Chair
Andrew Humm
Carollne Bright
Churchwarden

ST GEORGE & ST PAUL TIVERTON
NOTES TO THE ACCOUNTS
YEAR ENDED 31ST DECEMBER 2023
ACCOUNTING POLICIES
Basis of Pre
aralion of the Accou
The PCC is a publie benefit enlity within the meaning of FRS 102. The financial
slalemenls have bèen prepared in accordance with the Chur¢h Accounting
Regulations 2006 and with the Statement of Recomm8nded Practice on Accounting
and Reporting by Charities preparing their accounis in accordanco with the Financial
roporting Standard applicable in the UK and Republic of Ireland (FRS 1021 issued on
16 July 2014.
Funds
Endowmont funds ara reslricled funds that must be retained as Irusl capital either
permanently OT subject lo a discretionary power to spend capital as income. and
whare the use of any income d8rlved from th8 capital may be reslricled.
Reslricled lunds are income funds representing donations or grants received for a
specific object or Invited by Ihe PCC for a specific objèel. The funds may only bo
expended on the specific object for which they are given. The PCC does not usually
invest separaloly for each fund. Wh8re Ihere is no separate inveslmenl, interesl is
apportioned to individual funds on an average balance basis.
Designated funds ale unieslricled income funds that have b88n designated foi futur8
proje¢ls by lh8 PCC. These funds remaln unrestricted and may be moved lo other
funds if so decided.
Unrestrlcted funds are general income funds which can b8 usad for PCC ordinary
purposes.
Income
Voluntary Incom8
Planned giving, collecllons and donations are recognised when received by or on
behall of the PCC.
Income tax recoverable on gift aid donations Is recognised when the income lo which
they relate Is recognised.
Grants and legacies lo the PCC are accoun18d for 8s soon as the PCC is notified of
115 legal enlillemenl and tho amounl due.
Other Ordlnary Income
Réntal income from tho lelling of Church premises is recognised when the rental Is
duè.
Income from Investments
Interest Is accounted for when feceivable. Tax recoverable on such Income is
recognised in the same accounting year.
Volunteer help
The value of any voluntary help received is not included In the accounts bul is
described in lh8 Iruslees, annual reporl.
10

ST GEORGE & ST PAUL TIVERTON
NOTES TO THE ACCOUNTS
YEAR ENDED 31ST DECEMBER 2023
ACCOUNTING POLICIES {CONTINUEDI
endilure and liabllllles
Grants and donalions are accounted for when paid over, or when awarded. if Ihal
award creates 8 binding obligation on the PCC. All other expenditure is recognised
when it is incurred and is accounted for gross.
Credllors are measured al settlamènt amounls less any Irade discounts
Fixed Asset8
Consecrated and bonefice property is excluded from lh8 accounts by Saclion 9212llal
of the Charities Acl 1993.
No value is placed on movabl8 Church furnishings held by Ihg Church Wardens on
special Irusl for th& PCC and which require a faculty for disposal since the PCC
considers this lo b8 inalienabla property.
All expenditure incurred during the year on consecrated or benefice bulldings and
movable Church furnishings, whether maintènance or improvement, is wrillen off as
expenditure in the Slalemenl of Financial Activities and separately dlsclosed.
Flxed assets bought by the PCC for Church use 8nd charged to resèrves in lh8 year
ol expendSture include the followlng:_
Sound equipment in51alled in the Chureh.
l T equipment in the Church and office
Cameras, audio and visual equipment lo enable live streaming of church services
Moveable furnishings in the Church and extension.
Debtors
Debtors are recognised 81 th8 selll&menl amount after any trade discounts
Inveslments
Inveslments quoted on a Tecognised stock exchange are valued al market value al
the year end. Other inveslmenl assets are included at the PCC'S besl estiwnale of
market value.
11

ST GEORGE & ST PAUL TIVERTON
YEAR ENDED 31 DECEMBER 2023
NOTE 2. ANALYSIS OF UNRESTRICTED GENERAL FUND
2023
2022
INCOME
Voluntary Incomè
Church Collections
Gift aid donalions and Free Will 0118rlngs
Grants
Other donalions
Income Tax recoverable
7,630
169,279
514
6,638
6,374
7,334
146,520
2,560
6,011
6.368
190,435
168,793
Incom• from Church actlvltlès
Church Rooms
Sl George's extènsion lelling
Lelling of churches
Fees
Miscellaneous
1.675
5.558
780
3,377
2.085
3.743
1,488
5,018
195
11.390
12,529
Income from Inv$8tments
Inleresl
Income from let property
TOTAL INCOME
1,107
10,490 11,597
485
10200 10.685
213,422
192.007
EXPENDITURE
Staff Costs
Salarigs
Vicar and Curate's Expenses
12,258
1.389
13,647
116.969
15,947
319
16,266
116,134
Common Fund
Establlshment Expenses
Cl&aning and gardening
Heal, Llght and Water
Insurance
Mlnor Repalrs and Renewals
Church Rooms expenses
Church Extenslon expenses
Church flats upkeep
2,723
7,017
7,363
2,148
6,347
4,649
2,761
7,245
6.867
3.576
4.849
4,330
202
29,830
30.247
Mlnl$lry Expenses
Worship Malorials
Outreach Expenses
Equipment repairs and maintenance
Courses, training and subscripllons
1,282
9.746
2,101
8.988
4,641
15,669
5.903
16,992
Offlce and Mls¢èllahèQU3
Postage, slallonery. telephone
Equipment repalrs and maintenance
Fundraising expenses
Miscellaneous
Governance- Examiners foe
1.615
2.777
1,829
1,931
25
3,851
1,008
8,644
16,550
2,602
1,104
8,098
17,691
Oonatlons to mls$lDns
TOTAL EXPENDITURE
202,321
204.416
SURPLUSIDEFICIT FOR THE YEAR
11,101
-12,409
12

ST GEORGE & ST PAUL TIVERTON
NOTES TO THE ACCOUNTS
YEAR ENDED 31 DECEMBER 2023
At1
January Incomlng Outgolng
2023
resources resources Transfers
At31
Dgcgmber
2023
3. MOVEMENTS IN FUNDS
Unreslrlcted funds
General fund (see note 2)
35,033
213,422
202,321
{5,5001
40,634
Deslgnated funds
Funeral donallons
396
396
Fabric Fund
13,338
69
13.894
13,658
13,171
30,000
3,035
Legacy reserve
Oulfeach and evangelism
Sl Paul's roof repairs and lighting
Church Rooms refurbishment
30.000
3.035
18,166
6.103
4,200
265
117
9,625
2,162
18,6581
3,942
4,700
224
Minibus fund
500
Equipment fund
Total designated funds
41
45,503
30,186
25,722
5.500
55,467
Total unrostrlclèd funds
80,536
243,608
228,043
96,101
Restrlctod funds
Fabric Fund: St George's
Antioch Fund
11.188
1,055
378
214
3,119
250
8,283
805
Alphalmission
Church Rooms refurblshmenl
Staff salaries {Th8 Brewn TrLisI}
C F Drew Legacy income
Hardship fund
Lunch on th8 Go
378
13.467
54.404
758
9,339
53.692
4,128
722
10
5,704
4,368
1,375
1,203
7.187
31
2,796
1,300
2,265
3,666
3,068
1,944
1.626
2,834
485
Sl Paul's Bell Tower
62
l T Upgrade
Shoebox Chrislmas Appeal
Flowers for Church
3,466
31
3,721
40
20,215
40
Sl Paul's roof repairs and lighting
Children and Youlh minislfy
Summer Camp fund
Total restricted funds
9,250
512
29,465
512
470
53,224
1,454
83,378
1,279
107,616
645
28,986
Endowment funds
C F Drew Legacy
24,438
2,077
26,515
Total funds
158,198
329.063
335.659
151,602

ST GEORGE & ST PAUL TIVERTON
NOTES TO THE ACCOUNTS
YEAR ENDED 31 DECEMBER 2023
3. (CONTINUED) Descrlpllons of Fund$
The 8rewln Trust. This charills objects are to further tho work of the Chvrch ol England in the parish
of Sl George and Sl Paul. The trustees are the vicar and wardens.
Duruing Ihe year grants were made towards staff salaries and Church Rooms refurbishment.
C F Drew Legacy. The Income from this endowment fund 18 paid into a restricted income fund where
it may be applSed to any ecclesiastical or lay purpose to assist the vicar.
st Pauls roof repalrs and lightlng. This fund (both designated and reslficted} has been established to
carry oul major repairs to the roof and to overhaul the church lighting.
Outreach and evangelism. This fund derives from the closure of the charity known as The
Calharine Muriel Penny Ministry Trust (Charity Commission 294686). The funds
have been designated for use in oulreach and evangelism.
AntloGh Fund. This fund provides assistance for Individuals and groups from the fellowship
who are undertaking mission prolecls and are not othe￿iSe fully financially supported.
st Paul'5 Bell Tower. Donallons r8ceived to SLTrpporl the bellringing activity
Lunch on the go. Funds provlded for community projects offering refreshmenls and social space.
Showbox Chrlstmas Appeal. Donations for Christmas gifts for overseas children.
Summor Camp fund. Providing support for youngsters allending summer camp
Legacy Resorve. A designated fund relating lo a legacy lo be used al the discretion of the PCC.
14

ST GEORGE & ST PAUL TIVERTON
NOTES TO THE ACCOUNTS
YEAR ENDED 31 DECEMBER 2023
4. INVESTMENTS
8808.98 COIF Charities Ethical Investment Fund vnils..
Opening value
Increase in value
24,438
2.077
Mafkel value al end of year
26,515
2023
2022
5. DEBTORS
Income tax recoverable
Legacy
Olher deblors
2,769
30,000
8,744
1,692
2.800
41,513
4,492
6. CREDITORS
Goods and Se￿IceS
Other creditors
Accruals
3,922
3,510
19,517
2,745
2,871
19,360
26.949
24,976
7. EMOLUMENTS OF EMPLOYEES
During the year the PCC employed a parl Ilme adminislfalive assistant. a youth minister, a children and
families minister and a cleaner.
The gross amounls paid during (he period were £67,337 (year to 31 December 2022.. 67,473)-
No Employer's National Insurance was paid (year lo 310ecember 2022= nll)
Oeflned conlribulion pension costs were £1,372 (year to 31 December 2022.. £1.341)
8. RELATED PARTY TRANSACTIONS
Vicar's and curate's expenses amounting lo £4,184 {year to 31 December 2022.. £1,793) were
reimbursed during the year.
No remuneration or reimbursements of expenses were made to other PCC member9.
Voluntary income includes donallons of £28,210 made by PCC members and connected parties.
9. SUMMARY OF ASSETS BY FUND
Unrestrlcted funds
Restricted Endowment
General ieslgnated funds
funds
Total
Investment fixed assets
26,515
26,515
Current assets
67.583 55.467
28,986
152,036
-26,949
Current liabilities
-26,949
40,634 55,467
28,986
26,515
151,602
15