Trustees. Annual Report for the period Period start date IAorrth Y•r peri end date D•y Yr 01 Jnuary 2021 31 From To Section A Reference and administration details Charity name The St Germoe Fabric Trust Registered charity number (If any) 1057430 Charity's principal address Trade Winds Pengersick Lane, Praa Sands Penzance. Cornwall P05tmde Tr20 9SL Names of the charity trnstees who manage the ¢harlty Datss acted If notfor whole Tru8t•g nam• oirJc¢ lif any) Namo of per•on lor body) erttitlpd toa Int trustse rfan Rev Canon David Miller Trustee Ex Officio Priest in Charge Ex Officio ChurchWardenlAPCM Mr Rod Coward Trusteelchair Trustee/Secretary Trusteenreasurer Mr5 Anna Harry Mrs Gwynneth Willett Mrs Bette Owen Co-opted St Germoe APCM Trustee St Germoe APCM Mrs Judith Smalley Trustee St Germoe APCM Nam¢$ of the Irustees for the charity. if any> Ifor example, any custodian trustees) Name Dates acted rf not for whole Truro Diocesan Board of Finan Names and addresses of advisers (Opllonal inforniation) of adviser Name Address Director Client CCLA. Senator House, 85 Queen St, London EC4V 4 Investments Heather Lamont Name of Chief oxo¢utive or names of senior staff members (Oplional information) TAR March 2012
Section B Structure, governance and management Descrfption of the charity's trusts Trust Deed of 20 May 1996 and Supplemental Trust Deeds of 17 January 2011. 24 April 2017, and 14January 2021 Type of governing document How the tharity is constituted Trust with minimum 3 Managing Trustees and maximum of 7 (but this can be changed by Managing Trustees at any time.) The Incumbent and Churchwardenlsl are ex-officio Trustees, 3 TrStee5 are elerted by St Germoe PCC at their APCM. Co-opted Trustees can be elected at any time where there is a vacancy for a Trustee. Trustee selection methods Additional governance i$$ues (Optional infomiatlonl The Trust has a policy of recruiting new Trustees as follows. Where there 15 a vacancy details of the skills required, a copy of the Governing Document ITrust Deeds) and a copy of the Charity Commission CC3 IThe essential tru5tee'l will be provided a month before the APCM to those on the PCC who feel they could fulfil the role and are willing to serve. Election of the successful candidate will take part at the APCM, if only one candidate they will be duly elected or by ballot if there is more than one candidate for each vacancy. The successful candidate will need to sign a Trustee Declaration Form. You may choose to include additional informatlon, where relevant, about-. policies and prOdU$ adopted for the induttion and training of trustees; the charity's organisational structure and any wider network with which the charity works,. • relationship with any related parties,. The Trustees will be holding an Open Evening this year to highlight the work of the Trust and its objects and to inform those who feel they might like to be involved in the work of the Trust. Section C Objectives and activities l. The advancement of religion in accordance with the rites of the Church of England and the other charitable work of the Church of England by maintaining. repairing, improving and providing for the upkeep and general running costs of the Church of St Germoe and its churchyard, the cemetery and church hall situated in the parish of Germoe in the Diocese of Truro. Summary ofthe objects of the charity set out in its governing document 2. The advancement of such other objects orpurposes which are exclusively charitsble according to the law of England and Wales and in such manner as the Managing Trustees may in their absolute discretion consider may be expedient to further the religiou5 and charitable work of the Church of England in the parish of Germoe, in particular. to ensure that the Church of St Germoe remains open as a place of worship and community facility for the benefit of the public. TAR March 2012
Section C Objectives and activities continued 3. If and in so far as the Managing Trustees consider the objects in sub- clauses lal and Ibl have been satisfied for the time being. the advancement of religion in accordance with the rites of the Church of England and the other charitable work of the Church of England by maintaining, repairing, improving and providing for the upkeep of any of the other churches, churchyards, cemeteries or church halls situated in The United Benefice of West Kerrier. 4. The Managing Trustee5 shall apply the income of the Trust Fund and in their absolute discretion may apply all or any part of the capital of the Trust Fund in promoting the Objects in such manner as the Managing Trustees in their absolute discretion shall think frt. Summary of the main activiti undertaken for the public benefit in relation to these objgcts (include within thi5 section the statutory declaration that trustses have had regard to the guidance ISSU by the Charity Commisslon on public benefit} The St Gemioe Fabric Trust supports the preservation of the fabric and equipment. running costs of St Germoe Church thus ensuring that it remains open and in good repair for everyone, the congregation, local community, visitors, for baptisms, weddings, funerals and those interested in the history of this beautiful 12, century listed building. Yearly income from investments is utilised for this. This also applies to the Church Hall, cemetery and churchyards and the payment of insurances. The Trustee5 have in mind the statutory declaration that they have had regard to the guidance issued by the Charity Commission on public benefit. Additional details of objectives and activitios Ioptlonal information) Under the terms and conditions of the Trust the main beneficiary of our grant making is St Germoe Church but this has been broadened to meet the new objects of the Trust Deed of 14 January 2021 and a grant was awarded to local Rainbow group this year. You may choose to include further statements, where relevant. about: policy on grantmaking- policy programme related investment.. contribution made by volunteers. The Trust regularly reviews its investment5 Irs the COIF funds. All our Trustees receive no remuneration for their work in the Trust. TAR Marth 2012
Section D Achievements and performance Summary oftho main achievements of the charity during the year The Trust gave grants to St Gerrnoe PCC for the Church and Church hall as follows: a) plastering and lime washing church v115 (work completed at end of 20201 bl Insurances c) electricity and water services dl grass cutting in the church yard and the church cemetery (twice monthly through the summer season and one a month in the winter el regular cleaning yearly organ tuning 81 Chubb fire services h) Copyright licences 11 New lock on church main door J) Steeple jack work and repairs to the roof kl Window repairs 11 Architecvs fees for Quinquennial inspection ml Asbestos remedial work n) Stain glass wlndow repair TheTrust under its new Deed also awarded the local Ralnbows8roup rant for furthering their work with oun children. Section E Financial review Brlef 8tatement of tho charlty's policy on resorv•s Only the income received from The Trust's investments in the COIF funds Is utilised for grants. The total of the Capital assets of the Trust is invested and can be utilised by the Managing Trustees at their absolute discretion however resee$ cannot be reduced to less than 66% of the total fund. Delalls of any funds matorlally in doficit Further financlal rnvlew dotsils (Optional Infornon} Our principal Sour of funding is income from the Investment in the COIF Funds through CCLA. CCLA has been a¢pted as a signatory to the Financial Reporting Council's UK Stewardship Code 2020. The code sets out 12 principles which aim to Set high stewardship standards in ESG (Enwronment, Social and Governancel for.those investing money on behalf of UK savers. 85% of the Trusvs funds are in Ethical investments. Other sources are yearly pledges and donatk)ns but these have diminished considerably over the years. You ffl•y choose to Snclude additional information, where relevant abo. the charity's prindpal sources of funds lindudin8 any fundraisln81,- how expenditure ha5 supported the key objectives of the charÉty: investment policy and objettives including any ethlcal investment policy adopted. TAR Marth 2012
Section F Other optional information When the Trust was first established in 1996 its purpose was entirely insular and concerned only with the maintenance of St Germoe Church, churchyard, church hall and cemetery. The current Trustees recognise that since 1996 society as a whole. and the responsibilities of the Church have changed, and as a consequence the new Deed has been formulated to reflect those changes and allow the Trust to become more outward looking. The origin31 Objects of the Trust have been widened and communFty benefit 15 now an important factor when detemlining howtheTrust will be administered. The new Deed also allows the Trustees to fulfil the objects of the Trust without being constrained by the previous restrictions. Section G Declaration The trustee5 declare that they have approved the trustees. report above. Signed on behalf of tho charivs truste•s 8ignaturels Full namels) Po•ltlon1og Secretary, Chair, John Rodney Coward Mary Alice Diana Harry • Chair Secretary TAR Mar¢h 2012
CHARITY COMMISSION FOR ENGLAND AND WALES Receipts and payments accounts THE ST GERMOE FABRIC TRUST 1057430 Forthe ried To 3111212021 ov 2021 Section A Receipts and payments Unrestricted funds Restricted funds Endowmgnt funds Total funds Last yèar to th• nearost toth• tvth• n•ar•stÉ A1 Recel COIF Elhita1 IDvestmenl Fund COIF Pwp&rtyFund COIF De osit 1 Yeaty pledye8 Bequests GiRAd 22,016 4106 22.01 20.136 $.6B6 337 575 236 120 14 Sub total(Gross income forAR) A2 Asset and Invastmènt sales, (See table). COIF 2AW2V sales LWPGS VAT refund 26I51 20,716 3017 211 2,726 2.937 2,726 2.937 Sub total 165 29.653 30.817 ents Gran1$ lo PCC Grants to others Sor5 paymenffin5UTance 2IS96 1.500 1.118 3.t17 1,118 Sub total 27213 27.213 Iq,W3 A4 Asset an(5 investsnent urchases. {see table) COIF Ethlcal Ac¢ Funds COIF aobal Equity Aet Funds t8,(#JO f2,fh)Q Jo,000 18,000 12,000 30.000 Sub total 67,213 17,213 11.1x13 Net of receipts/(paymonts) Closure bank account & transfor See Notès below A6 Cash funds last yèar end Cash funds this rend 27,726 9,312 165 27,560 19.814 9.312 34.734 16.321 9.147 43,881 16,321 19,81
Section B Statement of assets and liabilities at the end of the period Unwtrlct•d ID trnMM•t£ 81 C#•h fund• Tolal cash fund¥ 11J21 51} fund• rtMrn•t£ Details bj B3 Inv••tm•nt 4••ets C01FEthk4lTnvMtrrAntFwOIneun tOlFG5Equftv5%Vjrnur1lkns lop1kn charity'• 4)wn u•• F¥nd BS Li¥bllltlo• Th8 Deed of 14 Janu8ry 2021 allu•rn th8 Twst•es to frjml the ctpcts Sknthl by OrOr trUsteI M lhallor are Print Nam• Date of JthnR MaryAti Dfi8 Harry G,71101?
The #s# CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trustoesl members of The St Gemoe Fabric Trust On accovnts for the year ndgd Charity no (if any) 31 December 2021 1057430 Set out on pages I report to the trustees on my examination of the accounts of the above charity I'the Trust.) for the year ended Rosponsibllltles and As the charity trustees of the Twst, you are responsible for the preparation basis of report of the accounts in accordan with the requirements of the Charities Act 2011 Ilhe Acri. I report in respect of my examinalion of the Trust's accounts carried out under section 145 of the 2011 Act and in carying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145{5){bl of the Act. I have completed my examinalion. I confimi that no material matters have come to my attention ( ') in connection vthh Ihe examination which gives me cause to believe that in, any material respect.. accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records Independent examIneS statoment I have no concerns and have come across no other matters in connedion with the examination to which attention should be drawn in order to enable proper understanding of the accounts to be reached. Please delete the words in the brackets rf they do not 8ppIy. Signed: Date: 90,G.&a Name: Relevant professional qualification{sl or body (if any): Fccrt Addres$: CcrfTA¢L tsRmce. rfxoe ao IER October 2018
Sectioii B Disclosijre Only complete rf th8 examiner naeds to highlight matters of concetn (see CC32. IndeFwthnt exwninatkn of chwlty aw)unts'. dtrectths and guldance for examinern). Glv• h•r• lJrl•f d•tsll• of thny it•ms that th• •xamln•r T41ho8 to dl8¢10M. IER Oclob•r 2018