Somerset Churchos Trust Trustees Report and Unaudlted Accounts For the year onded 30 June 2022 Reglstered Charlty number: 1055840
Somerset Churches Trnst Reference and AdministratNe tnfonni( Ptil5TERED CHABITY No. 1055840 ADDRFSS: 14 Market Place WelLs )mus BA5 2RE WEBSllE: N¥ti(MJal WestiniDSter Bth plc The C(rnrn Sbaftesbury tk) SP7 8JY CLLA Inves1meni ManaganeDI L¢d 80 Cheapside EC2V 6DZ CAF Bank Limid ?5 Kings Hill Avenue West Mallmg Kent ME194TA Unrted BaDk LllDiied EC_>Y 9AW TrUSTEES: SECPETARY.. Jim AlhixKI 37 Collins Rodd F¢ler- EX4 5DY OBJECTS..
Acting Chaima#'s statement tht activities acbievements and plans of the Trnst Somerser Churches Trusi-'keeping Somersd's churches and Chapels alive . This is the"I"rust"s 'strapline' and is a clear St8ierneni of our raison d'étre. As the whole coullty emerges from the remricrions of covi¢l there is a sense of thintss staning io renmi w 'noTmality'. The general feeling is that ]wishes {predominani1 njral) in Somersd arr tCentrating on aetively buildiug engagement with parishioners in their own commlties. Local people being acuvely e48aged with their own paTish communities bas beeu the bednKk of parish life f(r cenwTies. Thi5 1$ as It should be but a&sumes greater significance in the Curreni challen£mo economic enNir(xmieni where churches and chapels face increasing costs and paying their share of clergy cosis is. in 8 numlr of prosing %ers' ditTiculL Indeed, linances are light within the Church of Fmglalld- in Somerset. the DI¢$< of Bath and ells- le>Jin8 10 reallocation of resources w)d placing waier emph&8iS IN) the role of lain. in leading local Fmnshes. MeWhIle, there is real inteTfSt in churches and ChalS and their hiory.. 'church iowism. is a arta and M'IKre %oTner8et Churches Trust has had much success in the pasi with (w progrdmme of "cra.k'. This a¢u%iTh' rdn make a Teal difference io churches and chapels by rdising the profile and en¢ourdoing engagenielli in the couununity'_ Tnucb better than witncssitig decline. closure and sale. Agalnst thai backdrop. I wish w pay trlbute to the foTunth of Mem1ts, churchcsind our.rnetS rising io th¢ challeng&8. So. whai have we been up to? Thanks io the effffls of Marion Jefftey and Chris Hawkings. we have a very good website as our principal ¢ommuni¢aiion channel H'ith memtrs. l H'wld encourage evern'cne ID wqe thi4 res(Hrce. Ncw8letter8 aTe algo very impollani bul. as ediior. l know thal pro%iding 'ccfflieni' is the itw of e%cr'(tt'S Fficrit (this is a plea for infonnation l anicles}. In COillTnon with othcr funding both'es. sOt grani-givu)g orgaDisaiions are their rriLmiie& makin£ the F priming grants from the 8()mer8et Chuwhe4 T$1 e%'en m¢ miryrni. a TrusL we are CLY1( o(thJs xe looking di ()thcr fundmg m(xleis' bui H'hai is imwndni to is a srn of ncv4' m(bs. is the lilebl(iod ol thL I'rust. Membership income is the pnncipal source of t-undjne fLY erants- Is thL follo.In¢ ro?es show. Trust overhcad5' arc low 8nd I pa>. tribute to our'lreasurer TonN' Daiies f(r kceping us M the 'snighi and nattow. . An historic s(iurce of fi(L$ for the Trn4t h&( l)een the am)ual 'Ride-Stride' runthalr. NoN'ith%tanding the Éierling efforts of Tnree Philip Skejhorn in maDaw8 the Campai with some few notsble excepiiolls Ilor which we are mosl 8fdiclull. parish dnd dcanery engagemeni h&s teen limfftied. As a Lonse4uenLe. Trustees Lonsideritig a diALYeni approach tn thi8 (N>tcniial) source of ful for Lhurchcs and chapeLs (indeed KJm¢ ()ther county uvs(s raise over £IOOk). BUL 811 is no( 'doom and gi(M)rn'. Our new tee. Emma Brown. r)iocesan Church Building advisor, reports that quiie a number of parishes have plans io maintsin l enhance their buildmg5. lThis is a Signlt pan of our role. In ddditioii lo using our small resources io'pump prime, fundraising effon& the Tntsi uscs rcsour¢o4 ofcommi¢iLxI voluni¢¢r assessiirs to appraise projects. This is of £s¢la1 valuc icalL$e, arniLxI with our as*8ML1 and d ian8iblL grant, projeci manager8 can dpproAch major sources of fulance (wkn l(x)k at 1wplicatio% On Pdperlonline) with redl evidencc and verification to suptth thciI requests. In thc past year, the Thtst awarded 13 gpdnis iotslling £23,0(M). Chris IlaMkin£s. hasing ret]rL after I l 1.rars (as r¢quirtil lTh' the TThLsr Ikthll frtkn the lirTrCe asj l Kt Chdirn12n in April 20?? Chris ha5 indeed played a majc)r the 4ULLe%s ol thL Trusi. uKludin£ llem11ndin2 the Ridc+StridL durillg lis 'gliJry years,. The Tru is very gra1¢fi that Cliris. will ¢()niinue io voluntttr b}, h¢lpmo ()ur (Jfdni Secretary with Church Ae&Smell1 visits frojn lime io lime. This is a iitncly rcmindcr of the in)mense value of voluni¢ers lo our charity. We are most apprcciaiive of all the work ortneeS and helpers alike. In keeping with ow raA¥on d'étre, we have"dipped Thjr IS in the Wdtrf of Church Crawts and all Annual Ta]k. At the 2Q21 Annual Meetin& we were treated io a Jery Sampson thlk abo the Romalle5que Churche5 01"Sornerset and enjoyed chattinE io members over a glak4 of wine! Building on thi& we are preparing a full pro8ramme for 2023. e have ready a packed progrdmme Orvisi organised by a dedicated team io providc a bajdnce of Wities to re aknut our historic churchcs and chapels. The TnLsiees' objeaive for the ne 25 is to continue to kecp 's churches and chape15 alive. l am most grnteful io them. and all involve& for their suptth alld collullilmellt. ch 19 October 2022
The TrLstees arepleased to presenttheirrep)rtaud acc(yJuts they erMled30 Jutte ?022. The Tntse$ ¢onSnD that they have complied with thcir duty WKler the Cb&ities Aa 2011 io bave theregard f(r guidaDce by the Charity commi1(1 (th public ErncfiL TRUSTEES at 30 June 2022 alpbalknl orderof sllnwne) JIM AIIwiMbd Emm8 Brown (Apwlntfd May 2022) Bob Croft Vell. Simon Hlll Marion Jeffrey Very Rev. Bob Kry Dr Axel Palmer (Attillg Chairman) Phlllp Skelhorn Aththotsy Sutclifffe Chris Ilawkings ceased to be a tnjsttt on 16a April 2022, having complded the maxitnum tem) of office of I I year5. STRucfuRt GOVERNANCE AIYD MANAGEMENr The TTr is Eoverned by Tnw fked daied 9 May. 1996. ()n l January 2014 the rftame of the Tn was changcd from"FrioMts of Somusct Chwches and CharLs" lo"Scer5e1 Chuyth Tn&". RECRUITMENf AND APPOtMMwf OF TRUSTEES lThe 'lrnqiecs arc aprrf)ini¢d fly an iniiial of five years whith is then Tent frff up io two fifflher1rn8 of thrce years h. Power of apwinTheni is vesed in the TneeS having regard to the differeni skills and baCkOthat inf(mtheathivitiesoftheTrn#. Tnees8IC0ffffeatr8U)In&its theirr¢swtbJllts¢sas a Tntsiee. I)RCyANISATtON The Trust has no ld empioytts. Ilay.Ii (yuatiorts Rre COnthtrd by the TnL#ee& and by officers who 8re apFM)inied by the TTUStees. RISK MANAGEML b%. the TnLqe¢s. The wlic). DI" the trnsi is io appl!" the hOle ol" lis lunds. apan tnim the Enik)winl in qranLS for thi and repair or, dnd the pnmsion of ci¥nmwiti>' fKiliiies in. Chi(he$ and cha[1 in the hi%tnric county of Sotnerset. The unrestri are beld io neeits as they aTise the I'nL8tees aim to knld a reserve tbe Tnaktiig of erants ITnreqMed arr v4.hcre wssible k1 ID imerLq TrxiDe exctp f(r ha ofthe Tnet5 P8lmer inllan ch 19 Odober 2022 P¥3
tnd¢peDdeDt tumineFs reprt to ¢be Trth ofStsmtr8¢¢ Chuth TThs¢ I rq on the accA)uots of the Tn the ye8r CD&d 30 June 2tr22. which Are set (YL page% 5 to 8. Respectfve re8wwsibilitkJ of Trustees and ExathiDer The clMTity's Itee$ aTeTwible for th¢ prEparati of tbe accoun The {ty'sin¢¢s cott%ider that all audii is notrequired f this year und¢r sec11( 144 of the Clwiiies Ad 2011 (the Cb8rAties Act) and that It is my reS1lI1tytO'. examiue the accouuts UD(kr Sttli(m 145 of the Clwities A¢L' follow the laid down in the 84Ywal Dlrttti( giva) bythe Cb8riryCommission (ulldtt seclioD 145(5){b) of the Clwities ACL and gtate whether particukn matters bave to my attention. Basis of independeDt timiner's report My cx8minaiii)n was carried ¢)ut in accord with the genaal Directi given by the ChaTity ConTrmi8sioD. An examination itieludes a review of the aecounting re¢ffds kepl by the Charity and a comparison of the accounis presented with those reeords. It also iwlud&8 considerlon (Jf any unusual iiems (r disclosures in the accoJnL% and seektll8 exp]anations th¢ trustets ¢nIng any 8uth tter8. The pnKeduTes undertak¢n do not provide all the evidene¢ that W]d ttquired in an audiL and consequently no opinion is given as to wheth¢r the &counts preseni 8 Irue and fair view and the reFOrt is lijniied to thi)sc n)&ttcrs set out in the ststcm¢nt Etknv. Independen¢ examlner's statement In Luunection with my cx¥minalion, no matter has eomc to my attenti. which gives me reasonable eause to Ixlieve th81 in any materi81 respea the TCqUtr¢mcnts'. lo keep a¢countin8 recorth iti *cordanc¢ with seciion 130 Ol'the CharAii¢s Act. and to Fryare accovnls, whith acc(Kd with the tlIng records and comply with the accounting r¢quirements ofthe Charities Aei h&v¢ not trxen meL' or 12) lo which, iti myopinion. altention slKwld be drawn in tyd¢r enabk a Fyoper un¢kntandin8 of the accounts rcach¢d. Roland.1. Ad#mson BA FCA Chartered Aecotsntanl 45.Sh¥kespeare Avenue BA2 4RG November 2022
Somerset Churches Trust Ree¢ipts Vdnd Payments Attount for the Year Ended 30 June 2022 Total fMDds 2021 f¥•ds fllttds RECEllryS Subscrlptions including lax rclief on suknAptio8 17.78VI 17.788 18,034 Don8tiDn$ General (inc t&x relieo 4.541 Tnter¢st and divideAds Ikposii interest 707 7117 1.067 932 Events 2021 Ride+Stride (inc tax relieD Churth visits and olhcr events 751 6.751 ,754 Publictions and dv¢rtiSiDt Tot81 Income 26J05 27.461 33,328 PAYMENTS Posth8e and general expenses Subs¢riptions Website development (note 5) Website maintenance and ftware General prtnting IuranCe Marketin8 Events Trustee expenses {e 3) Bank charges Toial expenses {S2) (43) (Ja1 1291 152> {43) {3)> 129} {2091 (501 {7281 {271) (5571 (145) {149) 1271) 1557) (1451 1149) 1?71) (79) 1781 (4.732) (4.7321 SURPLUS BEFORE GIL4NTS PAID 21,773 22.729 31.913 GRANTS PAID (note 6) {loJ) (loJ(} 126.250) EXCESSI(DEFIcrr) OF RF.CEIFrs OVF.R I)AYMENTS 11373 12229 5.663
Somerset Churcb¢s Trust Stat¢memt of Awts IablI1¢8 AS at 30 June 2022 A&SETS Ubrestricted Djgted Ekndowment Futtds FubdJ Fund (note 5) (notc 4) Totsl FdS 2022 Total 2021 lttvestmeAt (at market value) Chariiios oifi¥ial lllvestment Fund (COIF): 1.779J In¢otlle Unils (note 4) 31449 31449 34,240 Bank B4l•Dces 119898 120,454 108.225 Total FUJ 119,498 152,903 142,465 SOURCF. OF FUNDS Funds Brougbt Forward 108J25 34240 142,465 132,417 Inveslment gain in year Su4)lus for thc year (ienLYal grants p8id Roofalarm Ms paid (1.791) 11.791) 22,729 (lo,5) 4,385 31.913 (19.250) {7,0001 21,773 (loj) ¢4rried forward 119,498 33AOS 152,903 142.465 approyod but ttot pald at 30.lune 2022 Inotc 6) {28JKI) (2&5W) 117,5(K)) Approved by tbe Trneel Dd $18ed on thelr behaifby: Anthony L Davies MA MBA FIC CMC IHOD Trea•uTer)
Somerset Churches Tr• Notes to the Accounts for the Yur Ended 30 2022 l The accounts have been prepAttd in accotdance with the clritiCS Ad 2011 and wtth applicabl¢ acL¥Junting $tsnd8r¢L8 And Ststrments of ttix)mrnended pradi¢c. All trans8Ctions we a(Tounted for (m 8 ripts aDd pAyments 3 No Truslee received w reMW)ei0n or th bthefits during the Current orprevious yegr. Rouline out o(pocket expow swh 8s posth8< Stati and alOVj travel exFnses were reimburse 4 Endownent Fund at market Value ¢nifi This Yepr¢senis a le8ACy of £20,000 from thc latt Robert Hill. The inc4)n)e to be u59J forwits io chw¢h&* in the Axbrid8e d¢ery ofthe diocue of Bath and Wells. Balonce at 30 June 2021 34340 Investment gainl(loss) Inv¢$tsneni income rtwits paid to Axbridge D¢4ny church (1.791) B818nL% 8130 June 2022 5 During the Perio 8 S1411$1 finn w8s en8wd io rebuild the Trusl websile. Pa8e 7
Somerset Churebu Trust Notes lo tbe Aeeollnts for the Year Ended 311 June 2022 Grants paid in the y¢ar 2021-22 St John the B4)tisL Bridgwal St Mary, East Brent St Bartholomew, Fast I,yng Holy Trinity. Blackford St Mary Magdalenc. Sparkford £5.000 £2,000 £1.500 £i.000 £1,000 £10.500 Grants outstanding at 30 June 2022 St James th¢ t£ss, Halsc St Andr¢w, High Ham St IAurence. E&si Harptrtt St Pet¢r. we Huntspill St Pctcr & St Paul. Muchelney St Mary, Bridgwat¢r All Saints, Rockwell Green BVM, Nclllecombe St E)eter & St Paul, Bishops Hull All Saints, Wi)ollcy Nexus M¢th¢)dist Church. Bath St Mi¢hacl. Othery Holy Trinity. Nailsea St Andrew. Cury Rivel All Saints. East Pennard £1,500 £?.000 L?.000 £3.000 £500 £3.000 £1,500 £?.000 £2.500 £2,000 £2,000 £i.000 £1,000 £28,500