Aa
The Parochial Church Council of the Ecclesiastical Parish of
St George & St Paul, Tiverton
Annual Report and Financial Statements
For the year ended 31" December 2024
Addre55for correspondence.. The Porish Office, 5t Paul's Church, Church Street, Tiverton, EX16 SHU
Vicar.. The Reverend Andrew Humm
Independent Examiner..
Mr R Mugford FCCA
21 Angel Hill
Tiverton
Devon
EX16 6PE
Bankers.. CAF Bank, 25 Kings Hill Aventje, Kings Hill, West Malling, Kent, M E19 4JQ
Registered Charity Number 1175137

The Parochial Church Council of the Ecclesiastical Parish of St George & St Paul, Tlverton
Contents
Page
Annual Report
Independent Examiner's Report
Statement of Financlal Actlvities
Balance Sheet
Notes to the Financial Statements
io

The Parochial Church Council of the Ecclesiastical Parish of St George & St Paul, Tiverton
Annual Report
5t
for the year ended 31 December 2024
Aim and Purpose
St George's and St Paul's Parochial Church Council (the PCCI has the responsibility of cooperating with
the Incumbent, the Reverend Andrew Humm, in promoting in the ecclesiastical parish, the whole
mission of the Church, pastoral, evangelistic, social and ecumenical.
The PCC is responsible for both St Paul's church, with its church rooms and the church flats and for St
George's church and its extension.
Objectlves and Activities
The Parish has a relatively stable population and is within the 25% most deprlved parishes in England,
with particularly high levels of deprivation within the West-Exe area where our main venue St Paul's
Church and St Paul's Church Rooms are located.
We are a lively Anglican church, for all ages, seeking to serve others and be transformed in the love of
Jesus Christ. Fully embedded in our local community in Tiverton, Devon. With over 1512023.. 201
outreach services to reach all parts of our community, including.. families, children, homeless, older
people and youth. In addition we have more than 1012023: 101 different services supporting our
congregation of 200 + active p2rticlpants.
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 the wider
community of Tiverton. When planning our activlties, the PCC has considered the Charity Commission's
guidance on public benefit. and in particular the specific guidance to charitles for the advancement of
religion.
Our church benefits over 60012023.. 7001 people each week, through regular church services,. groups
that reduce loneliness Such as Tiddlers and Toddlers and the Living Room for vulnerable people, and
others that bring people together such as our com munity choir, Take Note. New ventures this year
included a Men's weekend away and regular "Who let the Dads out" sessions for fathers and
grandfathers of young children.
We are very privileged to be a broad intergenerational community with different services and needs to
be met therein. Our team includes 8 Vicar, two curates lone of whom was on maternity leave until July
20241, a full time Children's and Families Minister, a full time Youth Worker luntil September 20241, a
part time administrator Ifrom March 20241 and a part time book keeper (from June 20241. The paid
staff are supported by a large and committed volunteer team of Readers, Ordinands Iuntil May 2024
and from September 20241, SWYM Trainee Ifrom September 20241, retired Clergy, Church Wardens,
Treasurer and active PCC.
We are fortunate to have particularly high levels of engagement with young people in the community.
The congregation has continued to Eenerously support a variety of youth activities both financially and

with their time including a variety of youth events, activities, a mentor ing service and residential camps.
This has allowed us to bulld strong relationships and help young people in the community to grow and
feel loved and appreciated, even in challenging times and situations.
Achievement5 and performance
Worship Jnd Prayer
We have lively Facebook, Instagram and YouTube accounts to keep our church commurilty and our
neighbour5 connected through regular updates, prayers and reflections. We have continued to live
stream our Sunday Services as we have foLJnd that this is a n important way of engagi ng with those who
find it challenging to attend services in person. We have, however, struggled in recent month5 to have
enoLtgh volunteers to support this activity.
The PCC is keen to offer a range of services, not only on Sundays, but also during the week, that our
community will find both beneficial and spiritually fulfilling. For example, Thursday morning Services of
Holy Communion continue to provide a traditional form of service. A prayer chain for support and
pastoral visiting of the infirm, visiting people in hospit31 or those unwell in their home, The living room, a
free drop in café for conversation, prayer, cake and refreshments
As well as our regular services, we enable our community to celebrate and thank God at the milestones
of the journey through life. There have been 11 baptisms of children and adults, 3 weddings and 23
funerals during the year.
Deanery Synod
One member of the PCC sat on the Cullompton and Tiverton Deanery Synod until S November 2024 and
our Vicar serves as the Rural Dean. This provides the PCC with a link with the churches around us, and
also with the Diocese as a whole. It also receives reports from the General Synod. Amongst the items
discussed at meetinES were the rural farming network providing spiritual support to those in the farming
community, Rev Nathan Kigara from Torbay talking about churches working together across a deanerv,
plus community support for parish church activities around the coronatlon.
Church Fobrlc
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 churchyard at St Pau15. The St Georges graveyard is
closed and is the responsibility of the local authority, Mid Devon District Council. The buildings in regular
use for public events 1st Paul's Church and St George's Church Extension) are fully accessiblewith entrance
ramps, accessible toilets and baby changing facilities. St Paul's Church also has a hearinE loop and an
audio-visual system with big screens. Whilst remaining a licensed place of worship, for practical reason5
no regular services have been held in St George's Church since October 2014.
Work has included installing Swift boxes in the tower5, replastering parts of the entrance to St Paul's and
plaster repairs in the vestry, guttering replacement around the church rooms.
St Paul's Church Rooms provide a range of room sizes, toilets and baby changing facilities.. but Is not ful
accesslble with some steps from street level to the ground floor, and the first floor only accessible by the
two staircases. Plans for a complete reconfiguration and renovatlon of thi5 building, including full

accessibility and the installation of a lift to the first floor have been drawn up. Planning permission and
conservation area a pproval have been achieved, but the work can only be completed once sufficient funds
have been secured.
The Church Rooms project provides a vision to allow the Church to do even more to engage with and
support our local community throudh the facilities provided by a much enhanced venue.
During 2024 the PCC participated In the Give To Go Green campaign to ralse funds to renovate the
windows in the Church Rooms as the first phase of the renovations and improve the building's thermal
efficiency. In less than six weeks the congregation donated £17,654 including gift aid, and received
matched funding of £10,000.
Mlsslon ond Evongellsm
We alm to enable and encourage 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 tOEether with mission and outreach work
Other Actlvlties
The activities of the Parish durinE 2024 are fully reviewed in the Annual Report prepared for the Annual
Parochial Church Meeting. It has been a privilege to be part of such a thriving compassionète church
community which seeks to serve the needs of its local community and support and care for each other.
It has been another busy year for the PCC and Church Wardens who have met 6 times and given the
green light to a number of projects as well as supported the vicar and staff team in carrying out their
duties.
Although the Church has now fully settled in to a post Covid-19 pandemic rhythm, we continue to notice
the impact of the pandemic and the increases in the cost of living upon many in our deprived
neighbourhood. In addition to offering Sunday and mid-week services, our volunteers take the Church to
many homes for home groups. At our local secondary school, we run a Christian Union, provide
mentoring services and lead assemblies whilst in the locol primary school the team bring 'open the
book, a collective worship experience, assist on school trips, have provided pastoral support when a
teacher died this year and created space for chlldren to explore their thoughts and feeling. Messv
church twice a year saw attendance from children and parents across the community. FUSION our
weekly after school club told bible stories and games. A summer club was held once weekly throughout
the summer holidays. Our weekly Charge youth group for 11-18 year olds is a thriving group that has a
typical attendance of around 30 young people across the whole age range and provides a vital social and
support space both for children whose familie5 regularly attend church and for those who have never
attended a service. We also offer Discipleship groups for 11 years pl us, givlng them space to ask
questions about the Christlan falth. We also offer Discipleship groups for 11 years plus, giving them
space to ask questions about the Christian faith.
We work closely with local charitles to help provlde our communlty wlth the services it needs to support
everyone. We continue to provide free food to around 160 people at our weekly Breakfast on the Go
event, which has a p3 rticular focu5 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 behavlour
of the children. In a similar veln, 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

homelessnes5 charity, CHAT Ichurches Houslng Actlon Teaml, 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
Financlal Revlew
The total unrestrlcted income for the year was £226,25212023.. £243,608- which included a £30,000
legacy). The £152,07212023.. £83,382) of restricted income includes £IO,00012023.' nil) of matched
funding from Give to Go Green and £50,84412023.. £54,404) f rom the Brewin Trust in support of staff
employment costs.
Unrestricted Income from the Parish Giving Scheme, standing orders, CAF accounts, Stewardship
Accounts, the contactless terminal and cash tot311ed £201,28712023- £189,466). Of this total the Parish
Glving Scheme made up £148,410174%1 with many givers generously increasing the giving by inflation.
The PCC receives rental income f rom renting the church rooms, the Churches, St Georges Extension and
the Church Flats.
We spent £298,81012023'. £335,664) to provide Christlan ministry in the parish, including the
contribution to the Diocesan Common Fund which largely provides stipends and housing for the clergy.
This is the amount that the churches in the diocese are asked to contribute to cover these costs. It is
calculated by a formula based mainly on the head count of the congregation. The expenditure includes
£8,80912023.. £67,666) spent on major improvements to the church building including replastering
work.
The PCC has given approximately IO% of the year'5 generated unrestricted income to charitie5 of their
choice (TEAR Fund, Church M ission Society, The Bible Society and Churches Housing Action Tea ml.
These donations are Included within "Missionary and Charitable Giving in the accounts.
The net result for the year was a surplus of £79,51412023.. deficit £8,6731 before gains on investments.
After adjusting for gains on investments, the net income for the year was £80,24212023.. deficit £6,596).
Reserves Policy
The PCC'S policy is to hold free reserves broadly equivalent to 3 months, general expenditure & salaries,
one month's Common Fund and £2,000 for unforeseen repairs a total of c£44,600. This policy is sei for
the following reasons..
l. To manage cash flow and contractual obligations,.
2. In case of significant building maintenance being required,. and
3. Against loss of income whilst buildings are not available for rental.
The PCC has set a budget for 2025 with a deficit of £19,000. This deficlt Is largely due to increases in the
cost of living. The PCC were willin8 to approve a deficit budget as expenditure will be reviewed
throughout the year against projected and actual income and spending can be reduced if deemed
necessarv-
The total net assets as at the year-end were £231,844, and of these, £103,423 are restricted re5erve5
and £27,243 are endowed. The remaining unrestricted funds total £101,178 of which £52,371 are

designated leaving £48,807 unrestricted general funds as re free reserves held by the PCC,. this is £4,207
in exce55 of the reserve5 policy by £44,600.
Going Concern
The financial statements have been prepared on the going concern basis. There are no material
uncertainties related to events or conditions that may cast significant doubts upon the PCC'S abillty to
continue as a going concern.
Safeguarding
The PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure
2016 (duty to have regard to House of Bishops, guidance on safeguarding children and vulnerable
adults). A safeguarding team of f ive volunteers look after all areas of safeguarding in church including
the safer recruitment of all volunteers and ensuring all have appropriate training and DBS 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 Diocesan Safeguarding Team.
Volunteers
One hundred and sixty two12023'. One hundred and sixty six) member5 of the church serve as
volunteers across a number of teams,. f rom AV to welcoming and Breakfast on the go to worship.
Ministering to our church members and the wider community many of our activities would not be
possible without the faithful service of our volunteers.
Structure, Governance and Management
The method of appointment of PCC member5 15 Set out in the Church Representation Rules. The Council
comprises the Incumbent, the Churchwardens, those elected to the Deanery Synod, and other members
who are elected at the Annual Parochial Church Meeting by those on the Electoral Roll. Members of the
congregation are always encouraged to join the Electoral Roll, and to consider standing for election to
the PCC.
The PCC members are responsible for making decisions on 311 matters of general concern and
importance in the parish, and for all financial matters. The f ull PCC met elght times during the year and
the average level of attendance was 70Yo.
The Standing Committee consists of the Vicar, Churchwardens and Treasurer. This is the only
committee required by law and has the power to transact business of the PCC between its meetings,
subject to any direction of the Council. It meets every other month between PCC meetings or as
required.
PCC has not needed nor established any other sub committees. HR team is a reporti ng Eroup to the PCC
which look5 after the needs of paid staff, and brings policy and best working practice to the PCC for
approval, there are no formal minutes but notes of meetings are recorded.

Administrative Infoimation
The parish of St George and St Paul comprises St George's Church which 45 Sltuated in Fore Street,
Tiverton and St Paul's Church which is situated in Church Street, Tiverton and is part of the Deanery of
Cullumpton and Tiverton, in the Diocese of Exeter. The correspondence address is The Parish Office, St
Paul's Church, Church Street, Tiverton, EX16 SHU.
The PCC is a body corporate IPCC Powers Measure 1956, and the Church Representation Rules 20221
and registered with the Charity Commission, Charity Number 1175137.PCC members who have served
from 1st January 2024 until the date this report was approved were..
Ex Officio
The Incumbent
Curates
The Rev Andrew Humm
The Rev Charles Wheeler
The Rev Miriam Brandon-wheeler
Chair
Churchwardens
Caroline Bright
Andrew Hingston
Janet Norri5
Paul Sagar
Mrs Elizabeth Harrison
Mrs Kathryn Baker
Mr Nleil Bowler
Mrs Rebecca Britton
Mr Stephen Clarke
Mrs Janet Dawe
Mr Richard Flower
Mrs Clare Fitzherbert
Mr Paul Friend
Mr Anthony Killeen
Mr Terence Norris
Mrs Alison Padfield
Mr5 Jillian Partridge
Mr Robert Syers
Mrs Jennifer Tower
Mrs Deborah We5tlake
Until 24 April 2024
Deanery Synod Reps
Elected Members
Untll 25 October 2024
Until 24 April 2024
Treasurer from 24 Aprll 2024
From 17 April 2024
From 24 April 2024
From 24 April 2024
Treasurer until 24 April 2024
Until 24 April 2024
From 24 April 2024
Key management personnel include all members of the PCC as well as the Youth Minister, Children and
Families Minister, PCC Secretary.
Approved ty the PCC on 26 March 2025 andsigned on Its beholl by..
Rev Andrew Humm {Chair)
Mr Richard Flower (Treasurer)

CHARITY COMMISSION
FOR ENGLAND AND WALES
Independent examlner's
report on the accounts
Independ2nt EMBrninerls Report
Reportto thetru¥tees of
Sl Geoige and St Paul PartKhial ChU￿h Counril
On accounts forthe yoar
ended
31" December2024
Chorlty no
1175137
Set outon poge¥
8-20
Re¥pectnie The chartty's Irustees ère we¥ponsible lor the preparatlon olthe accounts.
re8pon8lbllllle& of Thè chaTity'¥ tsu¥leE¥ ronshlerlhat an audlt Is not requlied for th18 year
tru%tee% and examlner ￿nder section 144 of Ihe Charitres Acl 2071 Ilhe Charitles Act) and that an
Indeptrndént exami￿atiOn is needed.
It my re&ponslbility to-.
examine the accounts underseCt￿)n 145 ofthe Charilies Acl,
to followlhÈ procedures laid ¢Jown in the genewal Direc11￿5 given tythe
Charily Commis¥ioD (under seE￿"0n 14515llbl ofihe Chawits"eE Acl, and
to slateivhelher rnatteTr have come lo rny attenlon.
Balis of ifidependent The chanty's gross Income 8xceeded £250.000 quafthfjd tD
trxatnlnei B ¥tatement undertakethe eKamlnation by bekng a quallffèd rnemberofthe A8sodalon ol
Chartered Certified Accounlanls.
My examinats.on was carried out In aceordanttr with geneial Diiection5 given
by Ihe Chaiity Comrnission. An examination includes a re￿ey1 of the
accounting iecords kept by the chanty and a comparfson oflhe a¢counls
presented viith those records. 11 ￿$0 Includes corn8ldeiallon of any unusual
Mems ar disclosures in the accounts, and seeking eWanation8 frorn the
Irth51ees conceminu any 5￿Ch wnalters. The procedures undertaken do Flot
pro￿de allthe ewdence Ihatwould be required in an audit. and consequenuy
no oixnlon 1$ given as to whelherthe accounts pre5enl a Irue fair view
and the reporf Is Ilmlled to Ih08e matters sgt out Ihe stalement bEIo%¥.
Indgpondent In Connec￿On wlth my e¥0ml￿ation. Thaterial matters have tv my
oxamln8f6 Slatement atte*lknn which give5 Cause lo belleve Ihat ￿. any Materi￿ re5pecl..
accou￿ting recordswere ￿01 keptln accordance with 5ectlon 130 01
the Chatitieg Act 01
the accountj do not accord ￿•th Ihe accounting fecords
I have come across no olherrnatters In cOn￿eC110n wlth Ihe examlnallon to
vINch altentlon shgu￿ be drown in ordwto enabte a pwoper undeJBlandlng
ofthe aetothnl8 to be reached.
Slgnetl:
Dotr..
26 March 2D25
Name:
R Mugfor
Refev8nt proleBsional
qualific&tion
Felow ofiheAssoclab"on olchartered Cerbffied AccouTrlanls
Addre*s:
21 Angel HUI, Thtrton, EX16 6PE

ro oj
00000
r)Joomo
mroo
Lf>
Lfi 10
InOQC>
i!

The Parochial Church Councll of the Ecclesiastical Parish of St George & St Paul, Tiverton
BALANCE SHEET
at 31 Do£ember 2024
2024
2023
Notes
FIXED A5SErs
Investments
27,243
27,243
26,515
26,515
CURRENT ASSETS
Debtors and prepayments
Cash at bank and in hand
15.607
219,612
41,513
iia,523
235,219
152,037
LIABILITIES
Creditors- amounts falllng due within
one year
30,618
26,950
Net current assets
204,601
231,844
125,087
151,602
Total assets less current liabllltles
NtrAssErs
231,844
151,602
PARISH FUNDS
Unrestricted reserve5
General
Designated
48,807
52,371
101,178
40,643
55,462
96,105
li
Re$trlrted reserves
li
103,423
28,982
Endowment Fund
27,243
26,515
231,844
151,602
These financial statements were approved by the PCC on 26 March 2025 and were signed on its behalf bv:
ELU/4
RevA
drew Humm
PCC Chair
Mr Richard Flower
PCC Treasurer

The Parochial Church Council of the Ecclesiastical Parish of
St George & St Paul. Tiverton
NOTE5 TO THE FINANCIAL STATEME NTS
Year Ending 31 December 2024
Accountlng pollcies
Basis of preparation
The financial statements have been prepared under the Charities Act 2011 and in accordance with Church
Accounting Regulations 2iJ)6 togetherwith the Charities Statement of Recammended Practice ICh3rities
SORP 2015 IFRS 10211 and Financial Reporting St3ndard 102 IFRS 1021.
The financial statement5 have been prepared underthe historiccost convention exceptforthe valuation of
investment assets, which are shown at f3irvalue.
The PCC meets the definition of a public benefit entity under FRS 102. The financial Statements are
prepared in sterling, which is the functional currency of the PCC.
Going concem
The financi315tatements have been prepared on the going concern basis. There are no material
uncertainties related to events or conditions that may cast significant doubts upon the PCC'S ability to
continue as a going concern.
Funds
General funds represent the funds of the PCC that are not subjert to any restrictions regarding their use
and are available for application on the general purposes of the PCC. Funds design8ted for a particular
purpose by the PCC are also not restricted.
Restricted funds are income funds that must be spent on restricted purp05e5 and details of the fund5 held
and restrictions provided are shown in the notes to the accounts.
Endowment funds are moneyor otherassets 8iven to the PCC for investment. Only the investment income
can be spent.
The financial statements include all trar15aclions, assets and liabilities for which the PCC is responsible in
law. Theydo not include the 3ccount5 of the church groups that owe their main affiliation to another body
nor thase that are inform31 gathering5 of church members.
Income
Donations and legacies
planned giving, collections and general donations are recognised only when received.
Gift aid recoverable on donations Is recognised when the donatlon is recelved.
Grants and legacies to the PCC are recognised as soon a5 the PCC is notified of its legal entitlement, the
amourit due is quantifiable and its ultimate re￿Ipt by the PCC Is probable.
Charitable octivities
Income from church fee income is recognised when the fee Is due.
Income from activities is accounted for gr05S.
Other troding octivities
Rental income 15 recogn15ed when the rent is due. Where income is received in advance, it is recognised in
the year In which the event takes Pla￿ that it relates to.
10

The Parochial Church Council of the Eccleslastlcal Parlsh of St George & St Paul, Tiverton
NOTES TO THE FINANCIAL STATEMENTS
Vear Endlng 31 De￿mber 2024
Investments
Interest entitlements are 3¢counted for as they accrue.
Dividends are accounted for when due and payable.
Accountlng pollcSes Icontlnuedl
EKpendlture
Raising funds
Expenditure on raising funds is accounted for on the accruals basis.
Choritttble activities
Expenditure on charitable activities is accounted for c>n the accruals basis. The diocesan common fund 15
accounted for when payable. Any unpaid amount at 31 December is provided for in these accounts 35 an
operational lalthough not legall liability and is shown as a cieditor in the Balance Sheet.
Grants are accounted forwhen paid over, orwhen awarded, rf that award creates a binding obligation on
the PCC.
Tanglble flxed assets
Consecroted lond ond buildings t7nd moveable churchfurnlshing
Consecrated and beneficed property is excluded from the accounts by s1012llal of the Charities Act 2011.
No value is placed on moveable church furnishlngs held by the churchwardens on special trust forthe PCC
and which require a facijlty for disposal Sin￿ the PCC considers this to be inalienable property. All
expenditure incurred during the year on consecrated or beneflced buildings and moveable church
furnishing5, whether maintenance or improvement, is written off a5 expenditure in the SOFA and
separately disclosed.
Otherfixed assets
Other fixed assets bought for Church Use are charged to reserves in the year. There was no signif icant
Igreater than £l,(ml purchases of fixed assets during the ye3r.
Investments
Investments are a form of basic financial instrument and are initially recognised at their transaction value
and subsequently measured attheirfairvalue as at the balance sheet date using the closing quoted market
price. The SOFA includes net gains and losses arising on revaluations and disposals throughout the year.
Debtors
AmoLJnts owingto the PCC at 31 December in respect of fees, rents or other income are shown as debtors
less provision for any amounts that may prove uncollectable. These are recognised initially at the
settlement arnount. Prepayments are valued at the amount prepaid, net of any trade discounts due.
Cash and cash equlvalents
Cash and cash equwalents include cash in hand, deposits held at call with banks, and other short-term
liquid investments with original maturities of three months or less.
Credltors
Creditors are recognised when the PCC has an obligation at the balance sheet date as a result of a past
event, It is probable that a transfer of economic benefit will be required in settlement, and the amount of
the settlementcan be estimated reliably. Creditors are recognised at the amount thatthe PCC anticipates it

The Parochial Church Coun£ll of the Ecclesl35tlcal Parish of St George & St Paul, Tiverton
NOTES TO THE FINAMCIAL STATEMENTS
Year Ending 31 De£ember 2024
Accounting policies Icontinuedl
will pay to Settle the debt or the amount it has received as advanced payment for the goods or servKes it
must provide.
Financial Instruments
The church only has financial assets and liabilities of a kind that qualify as basic financial instruments. All
(including debtors and creditorsl are initially reco8nised at transaction value and subsequently measured at
their settlement value.
Income from..
Unrestrlcted
Funds
Restrlcted
Funds
Total
2024
Total
2023
2a) Donatlons ènd leEacles
Planned giving
Gift aid recoverable
Collection5 at services
General donations and appeals
Don3tion5 Church Rooms
Legacies
Other grants
159,620
29,771
6,948
3,858
159,620
41,650
6,948
15,893
56,840
139,546
36,889
7,630
1,983
13,4686
30,000
70.358
11,880
12,035
56,840
1,250
70,544
71,794
201,446
151,299
352,746
299,875
2bl Charitable activitles
Weddings, Christenings & Funerals
Fundraising
5,522
250
5,522
250
3,377
2,971
6,348
5,772
5,772
2cl Othertrading activitiès
Church Room's Rental
Letting of Churches
St George's Extension Letting
1,347
885
3,911
1,347
885
3,911
1,675
780
5,558
6,143
6,143
8,013
2dl Investments
Interest
Dividends
Income from let propertv
602
602
773
12,180
1,507
758
10,490
773
12,180
12,782
773
13,555
12,755
2el Other Income
Sale of assets
109
109
109
Totsl Income
226,252
152,072
378,324
326,990
12

The Parochial Church Council of the Ecclesiastical Parish of St George & St Paul, Tiverton
NOTES TO THE FINANCIAL STATEMENTS
Year Ending 31 ￿e￿rnber 2024
Expenditure on..
Unrestricted
Funds
Restricted
Funds
Totsl
2024
Total
2023
3a) Charltable actlvltles
Missionary and charitable giving (Note 61
Dioces3n common fund
Staff Costs (Note 41
Clergy and Staff expenses
Mission & Evangelism
Church Running Costs
Insurance
19,883
115,199
16,103
1,779
8,032
12,046
11,943
13,802
8,810
10,493
625
20,508
115,199
66,947
6,356
26,194
12,046
11,943
13,802
8,810
12,751
19,022
116,969
65,950
4,808
15,201
9,120
10,606
10,461
67,666
14,757
50,844
4,577
18,162
Major improvements & repairs
Admin costs
Depreclation
2,258
5upportond governance costs
Legal and professional fees
Independent examiner's fee
3,090
1,164
4,254
1.104
221,179
77,631
298,810
335,664
Unrestricted
Funds
Restricted
Funds
Total
2024
Total
2023
3bl Ralslng funds
Total expenditure
staff costs
2024
2023
Wages and salaries
Social security costs
Employer's penslon contrlbutions
16,028
49,513
173
1,158
65,541
175
1,230
67,337
73
1,372
16,103
50,844
2024
2023
Average number of employees
Average number of full-time
equfvalent employees
3.06
During the year the PCC employed a Youth Minister, a Children's and Families Minister, a part time
administrator, a part time book keeperand a part time cleaner. The PCC did not employ anyone who eamed
£60,0￿ per annum or more12023.' nonel.
Total employee benefits (including pension and employer's national insurance contributionsl to key
management personnel was £50,84412023.. £53,692).
13

The Parochial Church Council of the Ecclesiastical Parish of St George & St Paul. Tiverton
NOTES TO THE FINANCIAL STATEMENTS
Year Endlng 31 December 2024
Related party transactions
Elizabeth Harrison was an elected member of the PCC until 25 October 2024. Elizabeth was also employed
as the church administrator and received gros5 Salary of £8.46412023.. £Nill and employer's pension
contributions of £7312023.. £Nill.
Durlng the year to 31 December 2024, the charity received £67,32912023.. £28,210> in donations from the
PCC members, key management personnel and persons closely connected to them. The donors did not
attach any conditions to thelr gifts which required the charity to sEnrficantly alter the nature of ￿tS existing
activities.
clergy and staff claimed expenses of £2,41612023'. £1,389) durlng the year for travel, subsistence, office
supplies and the cost of communications. No other tY8n5actions were undertaken with any other PCC
member, persons closely connected to them or related parties save for the reimbursement of supplies
purchased tor the church.
Mlsslonary and charltable giving
2024
2023
Bible Society
Church Mission Societv
Church Housing Action Team ICHAT)
Tear Fund
Hardship Grants
CPAS
4,908
4,908
4,908
4,908
625
4,431
4,431
4,431
4,431
1,300
250
20,508
19,022
Investments
Market value brought forward
Disposal proceeds
Net gains on revaluation
Market value carried forward
26,515
728
Debtors and prepayments
2024
2023
Tax recoverable
Pr@payment5
Other debtors
General & Congregational Trijst Grant
Legacy
Give to Go Green
3,724
1,791
62
2,769
1,776
868
6,100
30,000
io,ocrfJ
14

The Parochial church Council of the Ecclesiastlcal Parlsh of 5t George & St Paul, Tiverton
NOTES TO TrIE FINANCIAL STATEMENTS
Year Ending 31 December 2024
CredStors and accrua15
2024
2023
Trade c￿dItorS
Accruals
Deferred income
Other creditors
3,988
22,908
3,922
19,517
655
3,510
Movement in fund5
YIE 31 December
2024
Brought
forward
Gain51
IIos5es) Transfers
Carried
fonuard
Income
Expendlture
Unrestrlrted Funds
General
40,643
226,(93
217,929
48,807
40,643
226,093
217,929
48,807
Designated reseNes
Funeral Donations
Fabric Fund
Legacy Reserve
Outreach &
evangelism
St Paul's roof repairs
& lighting
Church Rooms
refurbishment
Mlnlbus fund
Equipment f und
Total designated
funds
396
13,174
30,0
3,028
396
13,174
30,159
3,028
159
3,943
3,090
853
4,700
221
4,700
61
160
55,462
159
3,250
52,371
Total unrestrlLted
Funds
96, 105
226,252
221,179
101.178
Restricted reseNes
Fabric Fund.. St
George's
Antioch Fund
Alphalmlsslon
Church Rooms
refurbishment
Staff Salaries (Brewin
Trust)
8,284
8,284
1,760
2,015
91
1,867
550
376
4,128
78,437
80,697
722
50,844
50,844
722
15

The Parochial Church Council of the Ecclesiastical Parish of St George & St Paul. Tiverton
NOTES TO THE FINANCIAL STATEMENT5
Year Ethdlhg 31 Dettmber 2024
CF Drew Legacy
Income
Hardship Fund
Lunch ontheGo
Breakfast on the Go
St Paul's Bell Tower
IT Upgrade
Shoebox Christmas
appeal
Flowers for Church
3,665
773
2,529
3,067
1,945
530
2,537
2,699
1,626
3,718
303
383
795
1,545
2,923
St Paul's rool repairs
and lighting
Children & Youth
ministry
Summercamp Fund
churches Tent- Mid
Devon Show
Llfepath
Take Note
645
2,390
3,650
2,62S
2.046
411
1,605
7,300
3,917
6,5113
2,751
791
1, 166
Total Rè5trlcted
Funds
28,982
152,072
77.631
103,423
EndowmentFunds
C F Drew Legacv
26,515
728
27.243
Total Funds
298 810
Unrestricted funds
Designated funds
Funerol DonutlOll5.'
Mainly comprised of collectionsldonation from funerals held al St Paul's. The
original aim was to Use the earlier donations to have a new communion table built.
Fobrlt Fund..
Intended as a 'sinking fund, to bulld up a cash reseNe from generalfunds forfuture fabric
repairs/replacements.
Legoty Reserne.. A designated fund relating to a legacy to be used at the discretion of the PCC
Outreoch & evungellsm.. Thls fund derlves from the closure of the charity known a5 The Catharbne Muriel
Penny Ministry Trust (Charity Commission 2946861. The funds have been designated foru5e in outreath and
evangelism
st Paul's roof repuirs ondLighting15ee also restrictedfundsj
This fund wa5 established to carry out
major repairs to the roof and to overhaul church lighting. This fund has been ful￿ expended and closed.
Church Rooms reAurbishment
Opened originally in 2022 with a £8k transferfrom otherfunds. There were
no restricted funds until 2023 when appeals were made for specific fundsfor the rooms. This fund is being
used largely to fund the preliminary work, fees and planning permissiori etc. to allow the project to pro￿ed
16

The Parochial Church Council of the Eccleslastlcal Parlsh of St George & St Paul, Tiverton
NOTES TO THE FINANCIAL STATEMENTS
Year Èndlng 31 December 2024
Mlnlbus Fund Establishedto asslst with the purchase of a replacement church minibus. The PCC resokned
to try to regularly put away some additional funds to eventually allow the purchase of a minibus Iprimarily
for youth workl afterthe previou5 one was sold because of its a@e and condition.
EquipmentFund Intended as a 'sinking fund, to build up 3 cash reseNe from generalfundsforfuture fabric
repa1rslrepla￿rnents
Restrlcted fund5
Ft7bric Fund.. St George's
Transferred from the parish of St George's at the time of the merger in
2017 this is 3 historical fund that was built up overtime and can only be used for the malntenance of the St
George's premises.
Antloch Fund This fund provides assistance for Sndlvidua15 and groups from the fellowship who are
undertaking mission projects and ère not otherwise fully f inancially supported. It has been used in 2024 to
support the SWYM fees of ourtrainee.
Alpho/Mission This fundwas transferred across from St George's whenthe parishes merged In 2017 and
has been added to from a funeral collection- it may only be used to support Alpha cour5e5,
St¢7Af S(4laries fBrewin Trustj
The Brewln Trust is a charity (for which the Vicar and Churchwardens Je
the trustee51 with objectsare to furtherthe work of the Church of England in the Parish of St George and St
Paul. This Fund is used to hold the grant received from the Brewin trust towards staff salaries.
CF Drew Lego¢y Income This fund receives the income from the Endowment Legacyand applies ￿ to asslst
the Vicar (see Endowment Funds)
Hordship Fund This fund was established during Covid by an appe31to the congregation and was inten￿d
for church members to appw to fora small grant, if suffering hardship as a result of the pandemic. It wasn
fully utilised at the time the pandemic came to an end and has continued to be available to support the
church membership and local community. Applications are vetted by the vicar and chtjrchwardens.
Lunch on the Go/Breakfvston the Go
soclal spa
Funds provided forcommunityprolects offering refreshmentsand
St Puul's Bell Tower
Donations received to 5UPPOrt the bell ringing activity
ITupgrude
This fund originated from a substantial donation to buy equipment to live stream Servi￿5
during Covid. There was more money than needed for this purpose and the donor agreed that it could be
sed for general IT purposes.
shoebox chrlstmosAppeul
expended an closed
Donationsfor christmas Gifts for overseas children. This fund is nowful
Flowersfor Church
This Fund is now fully expended and closed
st Paul's roof repulrs undughtlng (see a150 de5ignutedfundsJ This fund was established to carry out
major repairs to the Koof and to overhaul church lighting. This fund is now ful￿ expended and closed
chlldren und Youth Ministry
This Fund is now fulW expended and closed

The Parochial Church Council of the Ecclesiastical Parish of St George & St Paul, Tiverton
NOTES TO THE FINANCIAL STATEMENTS
Year Endlng 31 December 2024
Summercamp Fund
Summercamps
Donations received to provide financial 5UPPOrt to young people partitipating in
Churthes fen¢ MldDevoh show Th15 fund was established to assist the team runnlng the churchesTent at
the Mid Devon Show and includes donations from churches and individuals acros5 Mid Devon. It can only
be used lo support the Christian activity at the Mid Devon Show
Llfepoth This fund was established to assist the team running Lifepath events lor Primary Age Children in
Tiverton.
Tt7ke Note Community Choir
Donations received to support the community choir activity.
Endowment funds
CF Drew Legucy This funds income may be applied to any ecclesiastical or lay purpose lo assist the Vicai
{See Restricted Funds)
18

The Parochial Church Council of the Ecclesiastical Parish of St George & St Paul, Tiverton
NOTES TO TrIE FINANCIAL STATEMENTS
Yeaf Ending 31 December 2024
10 Movement In funds (cont)
YIE 31 December
2023
Brought
forward
Gainsl
Ilosses}
Carrled
fonuard
Income
Expendlture
Transfers
Unrestrlcted Funds
General
35,041
213,423
202,320
15,5(M)I
40,643
35,041
213,423
202,320
15,5001
40,643
Deslgnated reserves
Funeral Donation5
Fabric Funcl
Legacy Reserve
Outreach &
evangelism
St P3ul's roof repairs
& lighting
Church Rooms
refurbishment
Minibus fund
Equiprftent f und
Total designated
funds
396
13,341
396
13,174
30,000
3,028
69
30,(¥XI
13,895
13,659
3,028
18,169
117
9,627
18,6591
6,103
2,IfA)
3,943
4,21X)
263
500
4,7(K)
221
42
45,499
30,186
25,724
55,462
Total unrestricted
Funds
80,540
243,609
228,044
96,105
Restricted rese￿eS
Fabric Fund.. St
George's
Antloch Fund
Alpha/Mlssion
Church Rooms
refurbishment
Staff S31aries {Brewin
Trust)
CF Drew Legacy
Income
Hardship Fund
Lunch on the Go
Breakfast on the Go
St Paul's Bell Tower
IT Upgrade
Shoebox Christmas
appeal
Flowers for Church
St Paul's roof repairs
and lighting
11,189
215
3,119
8,284
1,055
376
250
805
376
4,128
13,468
9,340
io
54,404
53,692
722
5,704
758
2,797
3,665
4,367
1,376
1,3(Kl
2,266
3,067
1,945
2,835
1,203
7,185
31
485
62
3466
31
1,626
3,718
20,215
9,250
29,465
19

The Parochial Church Council of the Ecclesiastical Parish of St George & St Paul, Tlverton
NOTES TO THE FINANCIAL STATEMENTS
Year Ending 31 ￿e￿mber 20Z4
childien & Youth
ministry
Summer Camp Fund
Churches Tent- Mid
Devon Show
Lifepath
Take Note
512
512
470
1.455
1,279
646
Total Restricted
Funds
53,220
83,382
107,620
28,982
Endowment Funds
C F Drew Legacv
24,438
2,077
26,515
Total Funds
158,198
326,990
335,664
2,077
151,602
11 Analysis of Assets and Ilabilities between
funds
2024
Unrestrlcted
funds
Re5trlrted Endowment
funds
funds
Total
Investment5
Debtors and prepayment5
Cash at bank and in hand
27,243
27,243
15,607
219,612
130,6181
11,0971
127,880
125,6051
101,178
16,7C
91,732
15,0131
103,423
Net assets
27,243
2023
Investments
Debtors and prepayment5
Cash at bank arid in hand
Current Ilabilities
26,515
26,515
41,513
110,523
126,9501
34,632
84,729
123,2561
6,882
25,FJ4
13.6941
Net assets
26,515
20