The Parochial Church Council of the Ecclesiastical Parish of
Tiverton, St George & St Paul
Annual Report and Financial Statements
For the year ended 31st December 2025
Addre55for correspondence.. The Parish Office, St Paul's Church, Church Street, Tiverton, EX16 SHU
Vicar.. The Reverend Prebendary Andrew Humm
Independent Examiner:
Mr R Mugford FCCA
21 Angel Hlll
Tiverton
Devon
EX16 6PE
Banker5.' CAF Bank, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 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 Financial Activities
Balance Sheet
io
Notes to the Financial Statements
li

The Parochial Church Councll of the Eccleslastlcal Parlsh of Tlverton, St George & St Paul
Annual Report
for the year ended 31" December 2025
Aim and Purpose
St George's and St Paul's Parochial Church Council (the PCCI has the responsibility of cooperatlng 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 Artlvltles
St George and St Paul Parish serves a community with a relatively stable population and is situated
within the 25% most deprived parishes in England. Levels of deprivation are particularly pronounced in
the West-Exe area of Tiverton, where the parish's principal facilities, St Paul's Church and St Pau I's
Church Rooms, are located. These local circumstances shape the mission of the church and inform the
PCC'S prayerful discernment and planning of its activities,
St George and St Paul is an Anglican parish church with the charitable purpose of advancing the Christian
faith for the public benefit. Rooted in the worship of God and the teaching of Jesus Christ, the parish
seeks to share the E05pel, nurture di5ciple5, and serve the community in word and action. The church
welcomes people of all ages and backgrounds and is fully embedded within the life of Tiverton. Devon.
This mi55ion is expre55ed through regular acts of public worship. pastoral care, teaching, and more than
15 outreach initiatives that serve families, children, young people, older people, and those experiencing
homelessness. Alongside this, the parish provides over 10 regular services12024.' 101, Eroups, and
minlstries that support and sustain a congregation of over 200 active participants.
As a parish church, St George and St Paul exists to serve all within the parish and the wider communityi
offering welcome, comfort, prayer, and support to all who seek it, regardless of faith or church
membership. The Parochial Church Council IPCC} is responsible for ensuring that the church's mission
and activities are carried out in furtherance of its charitable purpose and for the public benefit. In
planning and delivering its activities, the PCC has had due regard to the Charity Commission's guidance
on public benefit, including the specific guidance relating to the advancement of religion.
Through its worshipping life and community engagement, the church benefits more than 600 people
each week. Public benefit is provided through open and accessible worship services, opportunities for
prayer and Christian teaching, and a range of activities that respond to splritual, social, and pastoral
needs. These include groups that seek to reduce loneliness ar¥d isolation, such a5 Tiddlers and Toddlers
for pre schoolers and The Living Room for vulnerable adults, as well as initiatives that foster communitv
and spiritual exploration, including the community choir, "Take Note" and run the Alpha course twice
12024 once), which introduces participants to the foundations of the Chrlstian faith.

We are very privileged to be a broad intergenerational community with different services and needs to
be met therein. Our team includes a Vicar, two curates lone of whom was on maternity leave from June
20251, a full time Children's and Families Minister, a part time administrator luntil June 2025 and from
September 20251 and a part time book keeper. The paid staff are supported by a large and committed
volunteer team of Readers, an Ordinand from September 20241, SWYM Trainee (until August 2025},
retired Clergy, Church Wardens, Treasurer and active PCC. As a church we were especially pleased that
during the course of the year the contribution made to the community by our Vicar was recognised bv
the Bishop installing him as a Prebendary of the Cathedral
In the past we have had high leve15 of engagement with young people in the community. Unfortunately
we have not been able to fill the vacant post for a new youth worker and this has curtailed some of our
activity. The congregation has continued to generously support a variety of youth and children's
activities both f inancially and with their time.
Achievements and performance
Worship ond Pruyer
The parish continues to make effective use of digital communication to support its mission and maintain
connection with both the church community and the wider parish. Through active Facebook, Instagram,
and YouTube channels, the church Shares regular updates, prayers, and reflections, enabling
engagement beyond those able to attend in person. The live streaming of Sunday services has been
sustained throughout the year and remains an important means of worship and inclusion for those who
are housebound, unwell, or otherwise unable to attend church regularly. While this ministry continues
to bear fruit lover 100 view5 each weekl, the PCC notes ongoing challenges in recruiting sufficient
volunteers to support this activity consistently.
The PCC is comrnitted to offering a range of worship opportunities throughout the week, in addition to
Sunday services, to meet the spiritual needs of the community and to encourage a deeper life of prayer
and discipleship. Thursday mornlng services of Holy Communion continue to provide a traditional and
reflective form of worship. Alongside this, the parish maintains a prayer chain and provides pastoral
visiting, including support for those who are inf irm, vi51ting individuals in hospital, and offering care to
those who are unwell at home. The Living Room, a free drop-in café, continues to offer a place of
welcome, conversation, prayer, and refreshment, serving as a practical expression of Christian
hospitality and care.
In addition to regular worship and pastoral provision, the parish enables members of the community to
mark significant moment5 in their lives within the context of Christian faith and prayer. During the year,
the church conducted 712024.. 111 baptisms of children and adults, celebrated 3 weddings12024-. 31
and provided pastoral and liturgical support through 3212024.. 231 funerals. These services remain an
important part of the church's ministry, offering thanksgiving, comfort, and the proclamation of the
Christian hope at key milestones in the journey of life.
Deonery Synod
One member of the PCC sat on the Cullompton and Tiverton Deanery Synod between April and july
2025 and our Vicar serves as the Rural Dean. This provides the PCC with a link with the churches
around us, and a150 Wlth the Diocese as a whole. It also receives reports from the General Synod.
Amongst the items discussed at meetings were Bishop of Exeter talking about his 5 missional priorities,

Mission Enabler Jeremy Putnam speaking about resources for remembrance, an in-depth discussion
around safeguarding within the church of England
Church Fabric
The PCC is 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 Pauls. 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 Extensionl are fully accessible with entrance
ramps, accessible toilets and baby changing facilities. St Paul's Church also has a hearing loop and an
audio-visual System with big screens. Whilst remaining a licensed place of worship, for practical reasons,
no regular services have been held in St George's Church since October 2014.
Budget pressures have prevented the PCC undertakSng any major repairs or long term maintenance to the
premises in 2025 but have focussed instead on ensuring that regular servicing of equipment and rapid
repairs of any defects are completed to prevent any degradation in the buildings. At St Paul'5 Church the
Porch was replastered and the historic heavy wooden doors repaired,. the subsequent repainting was
completed by volunteers saving many hours of paid work at an estimated saving of £2,400.
The Church Roorns project provides a vision to allow the Church to do even more to engage with and
support our local commu nity through the facilities provided by a much enhanced venue across the road
from St Pauls church. Plans for a complete reconfiguration, extension and renovation of this building,
including full accessibility and the installation of a lift to the first floor were drawn up with planning
permission and conservation area approval achieved in 2019. However, once costings were received PCC
decided to reduce the scale of the project and focus on reconfiguring and renovating the building within
the exiting footprint. A revised planning application was submitted in November 2025. The work can only
be completed once sufficient funds have been secured. in the meantime volunteers have been working
each week to undertake significant preparatory work which will reduce the costs of contractors,
additionally the sash windows have all been repaired and stonework ha5 been cleaned. These volunteers
provided hundreds of hours of labour at a saving of c£ 21,300
M155ion ond Evangelism
We aim 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 together with mission and outreach work
Other Actlvities
The activities of the Parish during 2025 are set out in detail in the Annual Report prepared for the
Annual Parochial Church Meeting. During the year, the parish has continued to benefit from
committed and compassionate church community, seeking to serve the needs of the local area while
offering mutual support and care. It has been a busy and productlve year for the Parochial Church
Council IPCCI and the Churchwardens, who met on six occasions and approved a number of projects,
while continulng to support the Vicar and staff team in the effective delivery of their responsibilities.
The PCC remains mindful of the ongoing impact of the rising cost of living on many residents within the
parish, particularly in areas of deprivation. In addition to regular Sunday and mid-week services, parish

volunteers have continued to extend the ministry of the church into the community through home
groups and pastoral engagement.
The parish has maintained a strong presence within local schoo15. At the local secondary school, the
church supports a Christian UniDn125 weekly,. 18 in 20241 led by the Curate in partnership with leaders
from two other local chu rches, alongside the provision of mentoring. Within the local primary school,
our children's and families minister and volunteers deliver "Open the Book" as a collective worship
experience, support school trips, and engage with pupils and staff. Family-focused ministry continues
th¥ough Messy Church, held twice during the year and attended by 97175 20241 children and parents
from across the community. 'Fusion" the weekly after-school club, provided 8ible teaching and
activities, and a weekly summer club was held throughout the school holidays. The "Charge" youth
group for secondary-aged young people paused in September due to reduced attendance and a
shortage of leaders. Discipleship groups for those aged 11 and over continue to offer space for questions
and exploration of the Christian faith.
We hosted and co -led an initiative called LifePath, which saw 278 primary aged children from across the
town in a day tied closely to the national curricullsm exploring how the Wesley family who have
significant linl(s to Tiverton and their impact across the world in founding methodism and forwarding
research in medicine and herbology, whilst allowing their Christian Lifepath to direct them.
The parish works c105ely with a number of local charities to support the practical, social, and pastoral
needs of the community. Free food continues to be provided to approximately 120 people each week
1140 in 20241 through the 'Breakfast on the Go" initiative, with a particular focus on families attending
the local primary school. Feedback from teaching staff indicates that this provision has had a positive
impact on pupils, learning and behaviour. In addition, 'Lunch on the Go" and "The Living Room" each
operating weekly, have proved effective in addressing food insecurity, loneliness, and social isolation
among vulnerable members of the community. The pa rish also maintains a close partnership with the
local homele55ness charity, CHAT (Churches Housing Action Team), supporting its work with individu31s
who are homeless or at risk of homelessness through practical assistance, a foodbank, advice services,
and the involvement of trained volunteers.
Financial Revlew
The total unrestricted income for the year was £237,20312024.' £226,252). The £242,05112024:
£152,072) of restricted income includes nil12024: £10,000) of matched funding from Give to Go Green
and £30,49212024'. £50,844) from the Brewin Trust in support of stafl employment costs.
Unrestricted Income f rom the Parish Giving Scheme, standing orders, CAF accounts, Stewardship
Accounts, the contactless terminal and cash totalled £212,74612024'. £201,2871. Of this total the Parish
Giving Scheme made up £143,946167Y.I 12024: £148,410174%11 with many givers generously increasing
their giving by inf lation. However whilst the number of regu lar givers remained fairly constant a number
of generous givers died, moved away or experienced changes of circumstances and new giving did not
fully replace this income.
The PCC receives rental income from renting the church rooms, the Churches, St Georges Extension and
the Church Flats.
We spent £349,45012024.' £298,8101 to provlde Christian ministry in the parish, including the
contribution to the Diocesan Common Fund which largely provides stipends and housing for the clergy.

This 15 the amount that the churches in the diocese are asked to contribute to cover these cost5. It is
calculated by a formula based mainly on the head count of the congregation and totalled £117,948
12024.. £115,199). This expenditure did not include any funds 12024: £8,0891 spent on major
improvements or repairs to the church buildings.
The PCC has given approximately IOYO of the yearfs generated unrestricted income to charities of their
choice (TEAR Fund, Church Mission Society, The Bible Society and Churches Housing Action Team).
These donations are included within 'Missionary and Charitable Giving in the accounts.
The net result for the year was a surplu5 of £129,87112024.' surplus £79,514) before gains on
Investments. After adjusting for losses on investments, the nèt income for the year was £128,47812024'.
deficit £80,242). Much of this net income was in the form of donations to restricted funds - primarily
the Church rooms project. Unrestricted funds showed a surplus of £8,72612024 £5,073) after a number
of generous one off donations late in the year and the cancellation of planned repairs and
improvements to St Paul'5 Church,
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 £44,600 as of September 2024
which will be reviewed and the sum required probably increased in September 2026. This policy is set
for the following reasons:
l. To manage cash flow and contractual obligations,.
2, In case of significant building maintena nce being required; and
3. Against loss of income whilst buildings are not 3V3ilable for rental.
The PCC has set a budget for 2026 with a deficit of £26,000. Whilst there have been some significant
impact on expenditure due to inflation, the deficit is largely due to reductions in the total amount
donated each month by regular givers. The total number of regular givers ha5 remained fairly stable a
number of previously generous givers have passed away, moved away or had a change of clrcumstances
but new regular givers have not been able to commit to such large amounts. The PCC were willing 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 necessary.
The total net assets as at the year-end were £360,32112024'. £231,844), and of these, £224,56812024'.
£103,423) are restricted reserves and £25,8491£2024'. £27,243) are endowed. The remaining
unrestricted funds total £109,90412024- £101,178 of which £51,51812024.- £52,371) are designated
leaving£58,38612024'. £48,807) unrestricted general funds as free reserves held by the PCC,. this is
1£12,3861 £4,207 in excess of the current reserves policy requirement £44,600.
Golng Concern
The financial statements have been prepared on the going concern basis. Although PCC agreed a deficit
budget for 2025 and it has been challenging year financially a number of generous donations in
November and December and restrlctions on the expenditure on church buildings has resulted in there
being a small surplus. PCC have again set a deficit budget for 2026 but have agreed that they will take
steps to restrict expenditure if this is reqL*lred. 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.

Safeguarding
The PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure
2016 Iduty to have regard to House of Bishops, guidance on safeguard ing children and vulnerable
adults). 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 DBS checks.
Safeguarding and related policies are reviewed annually and updated.. whilst ensuring the procedures
are followed th rough. The quality assurance of safeguarding is monitored regularly, and any
safeguarding concerns are dealt with in co¥Trjunction with the Diocesan Safeguarding Team.
Volunteers
One hundred and seventy12024.' One hundred and sixty two) members of the church serve as
volunteers across a number of teams,. from AV to welcoming and Breakfast on the go to worship.
Minlstering 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 members is 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.
Electoral Roll revision was completed just before the APCM in April 2024 and the Electoral roll was 161
before and 162 after the update.
The PCC members are responsible for making decisions on all matter5 of general concern and
importance the parish, and for all f inancial matters. The full PCC met six12024 six) times during the
vear and the average level of attendance was 740A12024 70/L>
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 reporting group to the PCC
which looks after the needs of paid staff, and brings policy and best worl(ing practice to the PCC for
3pproval, there are no formal minutes but notes of meetings are recorded.
Administrative Information
The parish of St George and St Paul comprises 5t George's Church which is situated in Fore Street,
Tiverton and St Paul's Church which is situated in Church Street, Tiverton and is part of the Deanery of
Cullompton and Tiverton, in the Diocese of Exeter. The correspondence address is The Parish Office, St
Paul's Chu rch, Church Street, Tiverton, EX16 5HV.

A consultation was launched by the diocese of Exeter, around Parish Boundaries, this has resulted in an
enlarged parish to take in a new housing estate in 2026.
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 I, January 2025 until the date this report was approved were:
Ex Officio
The Incumbent
Curates
The Rev Preb Andrew Humm
The Rev Charles Wheeler
The Rev Miriam Brandon-wheeler
Chair
Churchwardens
Mrs Caroline Bright
Mrs Rebecca Britton
Mr Kevin Chapman
Mrs Janet Norris
Mrs Genevieve Proctor
Mr Paul Sagar
Deanery Synod Reps Mr Michael Hodgson
Elected Members
Mrs Kathryn Baker
Mr Neil Bowler
Mrs Rebecca Britton
Mrs Elizabeth Croft
Mrs Janet Dawe
Mr Richard Flower
Mrs Clare Fitzherbert
Mr Paul Friend
Miss Catherine Harris
Mr Anthony Killeen
Mrs Alison Padfield
Mr Paul Sagar
Mr Robert Syers
Mrs Jennifer Tower
Until 24 April 2025
From 24 April 2025
From 24 April 2025
From 24 April 2025 until I September 2025
Until 24 April 2025 & from I September 2025
From 24 April 2025 until 23 July2025
Until 24 April 2025
From 24 April 2025
Treasurer
From 24 April 2025
Until 24 April 2025
From24 April 2025 until I September 2025
U ntll 24 April 2025
U ntil 24 April 2025
Key management personnel include all members of the PCC as well as the Children and Families Minlster
and the PCC Secretary.
Approved by the PCC on 25 March 2026 and slgned on its beholf by..
Rev Preb Andrew Humm (Chair)
Mr Rlchard Flower (Treasurer)

I CHARITY COMM15510N
FOR ENGLAND ANO WALES
Independent examiner's report on the accounts
RepoTt to the tfUSteg$ 01
Tiverton, St George and St Paul Parochial Church Council
On actount5 forthe year ended
31&t December 2025
Charlty no111
anvl
1175137
Set out on pages
8-20
I report to the trustees on my examination of the accounts of the above charity I'the
Trust"} for the year ended 31112 12025.
A5 the charity's trustees, you are responsible for the prepararion of rhe actounts in
accordance with the requirements of the Charities Act 20111.the Act").
Responslbllltles and basls ol
report
I report in respect of my examination of the Trusvs accounts carrfed out under Section
145 of the 2011 Act and in tarrying oui my exaFnination, I have followed all the
applicable Directions given by the ChaTIty Corntn155ion under sectiori 1451Sllbl of the
Act.
The charitls gross Incoine exceeded £250,000 and l atn qualifted to undert3ke the
examination by beitig a qualified tnember of the Institute of Associated chartered
Certified Account3nt5.
l￿dependent Examlner's
Stalement
I have completed my examination. I confirm thar no material matters hève ctrmt to my
attention in connection wilh the examination lorher than thar disclosed below I which
8ives me cause to believe that in. any materlal respect..
the accounting records were not kepr in accordance wlth sectk)n 130 of the
Charities Act., or
the accounts did not accord with the accounting records,. or
the accounts did not comply with the applicable requirements concerning the form
and content of accounts sei out in the Charitie5 IAccount5 and Reports)
Regulations 2008 other than any requlrement that rhe atcounts glve a'true ènd
fair, v*w whlch Is not a matter considered as part of an Independent exatnlnatlon.
I h3ve no concerns and have come 3cr05S no other rnatter5 in connection with the
ex3minatSon to which attentlon should be drawn in this report in order to enable a
proper under5tandlng of the accounts to be reached.
Signed & Dated:
March 2026
R Mugf
Relevant Professional
Qualificationlsl or body..
Address..
Fellow of the A550Clation of chartered Certified Account5
21 Angel Hill Tiverron EX16 6PE

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The Paro¢hial Churth Council of the Eccleslastical Parlsh of Tlverton, St George & St Paul
BALANCE SHEET
t YI Detember 2025
2025
2024
Notes
FIXED ASSETS
Investments
25,849
25,849
27,243
27,243
CURRENT ASSETS
Debtor5 and
prepayments
Cash at bank and in
hand
8,509
15,607
368,067
219,612
376,576
235,219
LIABILITIES
Creditors- amounts
falling due within one
year
42,104
30,618
Net Current a$5ets
334,472
204,601
Total assets less
current Ilabllltles
360,321
231,844
NET ASSETS
360,321
231,844
PARISH FUNDS
Unrestrlcted reserves
General
Designated
58,386
51,518
109,904
224,568
48,807
52,371
li
101,178
Restricted reserves
224,568
Endowment Fund
25,849
27,243
360,321
352,989
These financial statements were approved by the PCC on 26 March 2026 and were signed on its behalf by..
Rev Preb Andrew Humm
PCC Chair
Mr Richard Flower
PCC Treasurer
io

The Parochial Church Council of the Ecclesiastical Parish of
Tiverton, St George & St Paul
NOTE5 TO THE FINANCIAL STATEMENTS
Year Endifig 31 December 2025
Accounting pollcles
Basis of preparatlon
The financial statements have been prepared under the Charities Act 2011 and in a¢¢ordance with Church
Accounting Regulations 2006 together with the Charities Statement of Recommended Practice (Charities
SORP 2015 (FR5 10211 and Financial Reporting Standard 102 IFRS 1021.
The financial statements have been prepared under the historic c05t convention except for the valuation of
investment assets, which are shown at fair value.
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.
Golng concern
The financial statements have been prepared on the EoinE 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.
Fund5
General funds represent the funds of the PCC that are not subject to any restrictions regarding their use
and are available for application on the general purposes of the PCC. Funds designated for a particular
purpose by the PCC are also not restricted.
Flestricted funds are income funds that must be spent on restricted purposes and detai15 of the funds held
and re%trictions provided are shown in the notes to the account5.
Endowment Iijnds are money or other assets given to the PCC for investment. Only the investment income
can be spent.
The financial statements include all transactions, assets and liabilities for which the PCC is responsible in
law. They do not include the accounts of the church groups that owe their main affiliation to another body
nor those that are informal gatherings of church members.
Income
Donotions (ynd legacies
Planned giving, collections and general donations are recognised only when received.
Gift aid recoverable on donations is recogni5ed when the donation is received.
Grants and legacies to the PCC are recognised as 500n as the PCC is notified of its legal entitlement, the
amount due is quantifiable and its ultimate receipt by the PCC is probable.
Charitable activitles
Income from church fee income is recognised when the fee is due.
Income from activitie5 is accounted for gross.
Other trading octivities
Rental income is recognised when the rent is due. Where income is received in advance, it is recognised in
the year in which the event takes place that it relates to.

The Parochial Church Council of the E¢cleslastlcal Parlsh of Tiverton, St George & St Paul
NOTES TO THE FINANCIAL STATEMENTS
Year Endlng 31 December 2025
Accountlng policie5 l¢ontinued}
Investments
Interest entitlements are accounted for as they accrue.
Dividends are accounted for when due and payable.
Expendlture
Raising funds
Expenditure on raising funds is accounted for on the accruals basis.
Charitable octivities
Expenditure on charitable activities is accounted for on the atcruals basis. The dlocesan common fund is
accounted for when payable. Any unpaid amount at 31 December is provided for in these accounts as an
operational (although not legall liability and is shown as a creditor in the Balance Sheet.
Grants are accounted for when paid over, or when awarded, if that award creates a binding obligation on
the PCC.
Tanglble flxed assets
Consecrated land and buildings ond moveable churchfurnlshirjg
Consecrated and beneficed property is excluded from the accounts by s1012llal of the Charities Act 2011.
No value is placed on moveable church furnlshings held by the churchwardens on special trust for the PCC
and which require a faculty for disposal since the PCC considers this to be inalienable property. All
expenditure incurred during the year on consecrated or beneficed buildings and moveable church
furnishings, whether maintenance or improvement, is written off as 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 significant
(greater than £1,000) purchases of fixed assets during the year.
Investments
Investments are a form of basic financial instrument and are initially recognised at their transaction value
and subsequently measured at their fair value as at the balance sheet date using the closing quoted market
price. The SOFA includes net gain5 and losses arising on revaluations and disposals throughout the year.
Debtors
Amounts owing to 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 amount. Prepayments are valued at the amount prepaid, net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, and other short-term
liquid Investments with original maturities of three months or less.
Credltorg
Creditor5 are recogni5ed 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 settlement can be estimated reliably. Creditors are recognised at the amount that the PCC anticipates it

The Parochial Church Council of the Eccleslastlcal Parish of Tive¥ton, St George & St Paul
NOTES TO THE FINANCIAL STATEMENTS
Year Endlng 31 December 2025
Accountlng pollcies Icontlnuedl
will pay to settle the debt or the amount it has received as advanced payment for the goods or service5 It
must provide.
Flnanclal In5trumentS
The church only has financial assets and liabilities of a kind that qualify as basic financial instruments. All
Ilncluding debtors and creditors) are initially recognised at transaction value and subsequently measured at
their settlement value.
Income from:
Unrestricted Restricted
Funds
Funds
Total
Total
2025
2024
2a) Donatlons and legacles
Planned giving
Gift aid recoverable
Collections at servlces
General donatton5 and
appeals
Donations Church Rooms
Legacles
Other grants
153,746
32,699
8.424
160 153,906 159,620
21,907 54,606
41,650
8,424
6,948
13,424
14,917
28,341
15,893
156,075 156,075 56.840
4,453
48,192
52,645 71,794
212,746
241,251 453,997 352,746
2b} Charitable activities
Weddings, Chrlstenlngs &
Funerals
Fundraislng
4,598
4,598
5,522
1,467
15
1,482
250
6,064
15
6,079
5,772
2c) Other tradlng actlvlties
Churth Room's Rental
Lettlng of Churches
St George's Extenslon
Letting
1,442
777
1,442
777
1,347
885
4,992
4,992
3,911
7,211
7,211
6,143
2dl Investments
Interest
Divldends
Income from let property
678
678
602
773
786
786
10,605
10,605
12,180
11,282
786
12,068 13,555
13

The Parochial Church Council of the Ec¢leslastlcal Parish of fiverton, St George & St Paul
NOTES TO THE FINANCIAL STATEMENTS
Year Endlng 31 December 2025
2el Other Income
Sale of assets
109
Total Income
237,303
242,051 479,354 378,324
Expendlture
on:
Unrestrlcted Restricted
Funds
Funds
Total
2025
Total
2024
3a1 Charltable activlties
Missionary and
charitable Biving
(Note 61
Diocesan common
fund
Staff costs (Note 41
Clergy and staff
expenses
Mission &
Evangelism
Church running costs
Insurance
20,633
400 21,033
20,508
117,948
0 117,948
115,199
18,556
29,214
47,770
66,947
4,156
2,896
7,052
6,356
10,069
16,218 26,287
26,194
18,030
10,275
18,208
907
18,937
10,275
18,208
12,046
11,943
13,802
Major improvements
& repairs Church
Administrative costs
Depreciation
8,810
10,845
77
10,922
12,751
Support and
governance costs
Independent
examiner's lee
Legal and
professional fees
-1,030
-1,030
853
71,195 72,048
4,254
228,544
120,906 349,450
298,810
3bl Raising Funds
Unre5trlrted Restrlcted
Funds
Funds
Total
2025
Total
2024
34
34
14

The Parochial Church Council of the Eccleslastlcal Parish of Tiverton, St George & St Paul
NOTES TO THE FINANCIAL STATEMENTS
Year EndlnE 31 Decembey 2025
4. Staff Costs
During the year the PCC employed a Children's and Families Minister, a part time administrator, a part time
book keeper and a part time cleaner. The PCC did not employ anyone who earned £60,000 per annum or
more12024.' none).
Total employee benefits lincluding pension and employer's national insurance contributionsl to key
management personnel was £47,77012024.' £66,9471
4 Staff 10stS
Unrestrlcted Restricted
Funds
Funds
Total
2025
Total
2024
Wages and salaries
18,461
28,545 47,006
65,541
Social security
costs
Employer's
pension
contributions
175
95
669
764
1,231
18,556
29,214 47,770
66,947
Average
number of
employees
3.75
4.17
Average
number of full
time equivalent
employees
2.32
3.06
5. Related Party Transactlons
During the year to 31 December 2025, the charity received £37,38312024'. £67,329) in donations from the
PCC members, key management personnel and persons closely connected to them. The donors did not
attach any conditions to their gifts which required the charity to significantly alter the nature of its existing
activities.
Clergy and staff claimed expen5e5 of £3,00212024-. £2,813) during the year for travel, subsistence, officÈ
supplies and the cost of communications. No other transactions were undertaken with any other PCC
memberi persons closely connected to them or related parties save for the reimbursement of supplies
purchased for the church.
15

The Parochial Church Council of the Eccleslastical Parish of fiverton, St George & St Paul
NOTES TO THE FINANCIAL STATEMENTS
Year Endlng 31 December 2025
Mlssionary and
charltable glvlng
2025
2024
Bible Society
5,158
4,908
Church Mission
Society
Church Housing
Action Team
5,158
4,908
5,158
4,908
ICHAT)
Tear Fund
5,158
4,908
Hardship Grants
400
625
CPAS
250
21,033
20,508
Investments
2025
2024
Market value
brought forward
Disposal proceeds
Net gains on
revaluation
26,515
27,243
-1,394
728
Market value
carried forward
25,849
27,243
Debtors and
prepayments
2025
2024
Tax
recoverable
Prepayments
Other debtors
5,514
3,754
2,270
725
1,791
61.91
Giveto Go
Green
10,000
8,509
15,607
16

The Parochial Church Council of the Eccleslastical Parish of Tiverton, St George & St Paul
NOTES TO THE FINANCIAL STATEMENTS
Year Endlng 31 Decembèr 2025
Credltors and
accrua15
2025
2024
Trade creditors
Accruals
Deferred
income
Other
treditors
13,018
25,675
3,988
22,908
3,410
655
42,104
27,551
10 Movement in fund5
YIE 31
December
2025
Brought
forward
Gains/
{lossesl
Carrled
forward
Income
Expendlture
Transfers
Unrestrlcted Funds
General
48,807 237,303
227,724
58,386
48,807 237,303
227,724
Designated
reserves
Funeral
Donations
Fabric Fund
Legacv
Reserve
Outreach &
evangelism
Church
Rooms
refurbishment
Minibus Fund
Equipment
Fuiid
58,386
396
396
13,174
13,174
30,159
30,159
3,028
3,028
853
853
4,700
4,700
61
61
Total
de51gnated
funds
52,371
853
51,518
Total
unrestricted
Funds
101,178 237,303
228,577
109,904

The Parochlal Church Council of the Eccleslastical Parlsh of Tlverton, St George & St Paul
NOTES TO THE FINANCIAL STATEMENTS
Year Endlng 31 December 2025
Restrlcted reserves
Fabric Fund
St GeorBes
Antioch Fund
Alphal
Mission
Church
Rooms
refurbishment
Staff Salaries
(Brewin Trust)
CF Drew
Legacy
Income
Hardship
Ftjnd
Lunch on the
Go/Breakfast
on the Go
St Paul's Bell
Tower
IT Upgrade
Summer
Camp Fund
Churches,
Tent Mid
Devon Show
Lifepath
Take Note
8,284
162
0 £8,121.70
550
400
630
£320.00
78
284
207
80,697 187,017
71,230
196,484
722 30,492
29,214
2,001
1,909
786
2,261
433
2,537
400
2,137
3,208
1,793
1,415
1,545
356
iii
1,790
2,923
1,850
666
4,107
411
704
1,115
1,605
2,017
2,222
1,400
791
1,166
9,812
5,410
7,701
4,310
2,902
2,266
Total
Restrlcted
Funds
103,423 242,051
120,906
224,568
Endowment
Fund5
CF Drew
Legacy
27,243
-1,394
25,849
Total Funds
231,844 479,354
349,483
-1,394
360,321
Unrestricted funds
Designated funds
Funeral Donatlons..
Mainly comprised of collections/donation from funerals held at st Paul's. The
original aim was to use the earlier donations to have a new communion table built.
18

The Parochial Church Council of the Ecclesiastical Parish of Tiverton, St George & St Paul
NOTES TO THE FINANCIAL STATEMENTS
Year Ending 31 Detember 2025
Fobrlc Fund..
Intended as a 'sinking fund, to build up a cash reserve from general funds for future fabric
repairs/replacements.
legacy Resertye." A designated fund relating to a legacy to be used at the discretion of the PCC
Outreach & evongellsm.. This fund derives from the closure of the charity known as The Catharine Muriel
Penny Ministry Trust (Charity Commission 2946861. The funds have been designated for use in outreach and
evangelism
Church Rooms reAurblshment
Opened originally in 2022 with a £8k transfer from other funds. There were
no restricted fund5 until 2023 when appeals were made for specific funds for the rooms. This fund was
established used largely to fund the preliminary work, fees and planning permission etc. to allow the project
to proceed. This fund ha5 been fully expended and closed.
Minlbus Fund
Established to assist with the purchase of a replacement church minibus. The PCC resolved
to try to regularly put away some additional funds to eventually allow the purchase of a minibus (primarily
for youth workl after the previous one was sold because of its age and condition.
Equipment Fund Intended as a 'sinking fund, to build up a cash reserve Irom general funds for future fabric
repairslreplacementS
Restricted funds
Fobrlc Fund.. St Geor9e's
Transferred from the parish of St George'5 at the time of the mei'ge¥ in
2017 this is a historic31 fund that was built up over time and can only be used for the maintenance of the St
George's premises.
Antloch Fund
This fund provides a5515tance for individuals and group5 from the fellowship who are
undertaking mission projects and are not otherwise fully financially supported. It has been used in 2024 to
support the SWYM fees of our trainee.
Alphu/Mlsslon This fund was transferred across from St George's when the pèrishes merged in 2017 and
has been added to from a funeral collection- it may only be used to support Alpha courses,
Stuff Salorles (Brewln Tru5tJ
The Brewin Trust is a charity Ifor which the Vicar and Chur¢hwarden5 are
the trustees) with objects are to further the 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 Legacy income This fund receives the income from the Endowment Legacy and applie5 It to assist
the Vicar Isee Endowment Fundsl
Hardshlp Fund This fund was e5tabli5hed during Covid by an appeal to the congregation and was intended
fo¥ church members to apply to for a small grant, if suffering hardship as a result of the pandemic. It wasn't
fully utilised at the tiffle 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 churchwardens.
Lunch on the Go/Breukfvst on the Go
social space
Funds provided for community projects offering refreshments and
St Paul'5 Bell Tower
Donations re£eived to support the bell ringing activity
19

The Parochlal Church Council of the Etcleslastlcal Parish of fiverton, St George & St Paul
NOTES TO THE FINANCIAL STATEMENTS
Year Endlng 310ecember 2025
IT upgrode
This fund originated from a substantial donation to buy equipment to live stream services
during Covld. There was more money than needed for this Purpose and the donor agreed that it could be
used for general IT purposes.
Summer Camp Fund
Summer Camp5.
Donations received to provide financi31 support to young people participating in
Churches Tent, Mld Devon Show This fund was established to a5SlSt the team running the Churches Tent at
the Mid Devon Show and includes donations from churches and individu31s across Mid Devon. It can only
be used to support the Christian activity at the Mid Devon Show.
lifepath This fund was established to assist the team runnlng Lifepath events for Primary Age Children in
Tiverton.
Toke 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 to assist the Vicar
(See Restricted Funds)
10 Movement In funds Icont.)
YIE 31 December 2024
Brought
forward
Income
Expendlture
Gain51
Ilossesl
Transfer5
Carrled
forward
Unrestricted Funds
General
40,643
226,093
217,929
48,807
40,643
226,093
217,929
48,807
Deslgnated reserves
Funeral Donations
Fabric Fund
Legacy Reserve
Outreach & evangelism
Church Rooms
refurbishment
Minibus Fund
Equipment Fund
396
396
13,174
30,159
3,028
13,174
30,000
3,028
159
3,090
853
3,943
4,700
221
4,700
61
160
Total designated funds
55,462
159
3,250
52,371
Total unrestricted Funds
96,105
226,252
221,179
101,178
20

The Parochial chU￿h Council of the Ecclesiastical Parish of Tiverton, St Geofge & St Paul
NOTES TO THE FINANCIAL STATEMENTS
Year Ending 31 December 2025
Restricted reserve5
Fabric Fund St Georges
Antioch Fund
Alpha/ Misslon
Church Rooms
refLJrbisliment
staff Salaries (Brewin
Trust)
CF Drew Legacy Income
Hardship Ftjnd
LL4nch on the GolBreakfast
on the Go
8,284
805
0 £8,283.70
£550.00
1,760
2,015
91
376
284
4,128
78,437
1,867
80,697
722
50.844
50,844
722
3,665
3,067
773
2,529
530
1,909
2,537
1,945
2,699
4,658
st Paul's Bell Tower
IT Upgrade
Summer Camp Fund
Churche5' Tent Mid Devon
Show
1,626
3,718
646
303
383
1,545
2,923
411
795
2,390
2,625
3,650
2,046
1,605
Lifepath
Take Note
7,300
3,917
6,509
2,751
791
1,166
Total Restrlcted Funds
28,982
152,072
77,645
103,423
Endowment Funds
CF Drew Legacy
26,515
728
27,243
Total Funds
151,602
378,324
298,824
728
231,844
li
Analysls of Assets and liabllltles
between funds
2025
Unrestrlcted
funds
Restricted Endowment
funds
funds
Total
Investments
25,849
25,849
Debtor5 and
prepayments
Cash at bank
and in hand
-20,101
28,611
8,509
147,043
221,024
0 368,067
Currer)t
-17,038
-25,066
-42,104
Net a55ets
109,904
224,568
25,849 360,321
21

The Parochial Church Council of the Ecclesiastical Parish of Tiverton, St George & St Paul
NOTES TO THE FINANCIAL STATEMENTS
Year Endlng 31 De¢èmber 2025
Unrestrlcted
lunds
Restrlcted Endowment
funds
funds
2024
Total
Investments
Debtors and
prepayments
Cash at bank
and in hand
27,243
27,243
-1,097
16,704
15,607
127,880
91,732
0 219,612
Current
-25,605
-5,013
-30,618
Net assets
101,178
103,423
27,243 231,844
22