2022-12-31-accounts

Trustees' Annual Report for the period

Period start date To Period end date Day Month Year[Day ] Month Year From 01 01 2022 31 12 2022

Section A Reference and administration details

Charity name

The St Germoe Fabric Trust

Other names charity is known by

Registered charity number (if any) 1057430

Charity's principal address

Trade Winds,

Pengersick Lane Praa Sands, Penzance Postcode TR20 9SL

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (if any)
	Rev Canon David Miller	Trustee	until 19.10.2022	Ex officio(Priest in charge)
	John Rodney Coward	Trustee/Chair		Ex officio (Churchwarden)
	Gwynneth Mary Willett	Trustee/Treasurer		Church APCM
	Mary Alice Jane Harry	Trustee/Secretary		Co-opted member
	Bette Rose Owen	Trustee		Church APCM
	Judith Barbara Hanbury Smalley	Trustee		Co-opted member
	Philip Alan Shute	Trustee	Commenced 17.8.22	Co-opted member

Names of the trustees for the charity, if any, (for example, any custodian trustees)

Name	Dates acted if not for wholeyear
Truro Diocesan Board of Finance

Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)
Type of adviser Name Address
Director Client Investments	Heather Lamont	CCLA, Senator House, 85 Queen Street, London EC4V 4ET

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Section B Structure, governance and management

Description of the charity’s trusts

Trust Deed of 20 May 1996 and Supplemental Trust Deeds of 17 January Type of governing document 2011, 24 April 2017, Supplemental Deed 14 January 2021. (eg. trust deed, constitution)

Trust with minimum of 3 Managing Trustees and maximum of 7 (but this How the charity is constituted (eg. trust, association, company) can be amended by Managing Trustees if required) The Incumbent and Churchwarden(s) are ex-officio Trustees, 3 Trustees Trustee selection methods (eg. appointed by, elected by) are elected by St Germoe PCC at their APCM, Co-opted Trustees can be elected at any time where there is a vacancy for a Trustee.

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

• policies and procedures adopted for the induction and training of trustees;

• the charity’s organisational structure and any wider network with which the charity works;

• relationship with any related parties;

• trustees’ consideration of major risks and the system and procedures to manage them.

Section C Objectives and activities

The Objects of the Charity are:

1. 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 of the objects of the charity set out in its governing document

1. The advancement of such other objects or purposes which are exclusively charitable 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 religious 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.

2. If and in so far as the Managing Trustees consider the objects in subclauses (a) and (b) 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.

2

The St Germoe Fabric Trust has supported the church of St Germoe throughout the year with grants for the preservation of the building and running costs so that it remains a safe environment for all ages to visit. The church remains open daily and is available for baptisms, weddings, Summary of the main activities funerals, a space to reflect and recharge oneself and research one’s undertaken for the public ancestors in this beautiful 12[th] century church. The church is open daily benefit in relation to these from 10.00 am- 4.00 pm (6.00 pm in summer). objects (include within this section the statutory The Trust has also given a grant along with Truro Diocese for the church declaration that trustees have hall to be a warm space for those who are suffering from the increased had regard to the guidance heating and food charges. Open daily from 9.00 am – 4.00 pm Monday issued by the Charity to Friday anyone can access the facilities and make themselves Commission on public benefit) breakfast, a small meal, beverage and spend time in a warm, comfortable environment. The Trust have in mind the statutory declaration that they have regard to the guidance issued by the Charity Commission on Public Benefit

Additional details of objectives and activities (Optional information)

You may choose to include further statements, where relevant, about:

• policy on grantmaking;

• policy programme related investment;

• contribution made by volunteers.

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Section D Achievements and erformance p

Summary of the main achievements of the charity during the year

Payment in grants for the following:

• Church and hall insurances

• Electricity and water bills, Church and hall

• Grass cutting churchyard and open cemetery

• Organ tuning

• Interior painting of church as per Quinquennial inspection

• Installation of Wifi and SumUp Reader in Church and hall

• Organ Tuning

• CCLI Licences, new microphone

• PAT testing throughout Church and Hall

• Chubb fire inspections, Church and hall

• Roof inspections by Steeplejacks

• Church and hall cleaning

• Updating Vicar’s noticeboard in gold leaf

• Purchase of filing cabinet, chests drawers and wardrobes for vestments, church supplies and church artefacts

• New noticeboard for church hall

• New outside lights for church path

• Warm space grant for cost of living crisis

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Section E Financial review Brlef statement ofthe tharW5 poll¢y on reseThes On￿the income received from the Trust's investments in the COIF funds is used for grants. The total of the capital assets is invested and may be used by the ManagingTrustees at their absolute discretion provided that the reserves are not reduced to less than 66% of the fund. Detslls of any funds materially in deficit None Further financial rtview details (Optlonal information) You may choose to include additional information, where relevant about: the charivs principal sources of funds lincluding any fundraising),. how expenditure has supported the key objèctive5 of the charity; investment policy and objertives including any ethical investment policy adopted. Section F Other optional information Section G Declaration The trustees dedare that they have approved the trustees, report above. Signed on behalfof the tharI￿$trUStees Slgnature{s) Full namelsl Mary Alice Diana Harry Secretary John Rodney Coward Position (eg Secretary, Chair. Ètc) Chair Date 15 March 2023

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examlner's Report Report to the trusteesl members ol THE ST GERMOE FABRIC TRUST On a￿OUnts for thg year ended Charity no (if any) 31 December 2022 1057430 Set on pages I report lo the trustees on my examination of the accounts of th8 above charity I'lhe Trust") for the year ended Responslbllltles and As the charity trustees of the Trust, you are responsible for the preparation basls of report of the accounls in accordancg Wth the reqijirements (If the Charities Act 2011 1.the Acl'l. I report in respect of my examination of the Trust's accounts carried out under section 145 of thg 2011 Act and in carying out my examination. I have followed the applicable Directions given by the Charty Commission under section 145{51{bl of the Acl. I have completed my examination. I confimi that no material matters have come lo my attention I ') in connection with the examination which gives me cause to believe that in, any malenal 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 examiner's statement I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order lo enable a proper understanding of the accounts to be reached. ' Please delete the words in the brackets ifthey do not 8ppty. Signed: Date: 15.5.23 Name: RACHEL KAREN THOMAS Relevant professional qualification{s) or body (If any): FCCA Address: ROSEMARY COThAGE. GERMOE LANE GERMOE. PENZANCE, CORNWALL TR20 9QY IER October 2018

Section B Disclosure

Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose .

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2

	Charity Name					N			CC16a
	The St Germoe Fabric Trust						1057430
Receipts andpayments accounts
	For the		Period start		To		Period end date
			01/01/2022				31/12/2022
Section A Receipts and payments
	Unrestricted funds		Restricted funds		Endowment funds		Total funds		Last year
	to the nearest £		to the nearest £		to the nearest £		to the nearest £		to the nearest £
A1 Receipts
COIF Ethical Investment Fund	20,939		-		-		20,939		22,016
COIF PropertyFund	5,675		-		-		5,675		4,196
COIF Deposit Fund 1	153		-		-		153		2
Yearly pledges	509		-		-		509		452
Bequests	-		-		-		-		-
Gift Aid	50		-		-		50		50
	-		-		-		-		-
	-		-		-		-
Sub total(Gross income for AR)	27,326		-		-		27,326		26,716
A2 Asset and investment sales, (see table).
	-		-		-		-
	-		-		-		-		-
Sub total	-		-		-		-		-
Total receipts	27,326		-		-		27,326		26,716
A3 Payments
Grants to PCC	21,285		-		-		21,285		-
Trust insurance	218		-		-		218		-
	-		-		-		-		-
	-		-		-		-		-
	-		-		-		-		-
	-		-		-		-		-
	-		-		-		-		-
	-		-		-		-		-
	-		-		-		-		-
**Sub total **	21,503		-		-		21,503		-
A4 Asset and investment purchases, (see table)
	-		-		-		-
	-		-		-		-
**Sub total **	-		-		-		-		-
Totalpayments	21,503		-		-		21,503		-
Net of receipts/(payments)	5,823		-		-		5,823		26,716
A5 Transfers between funds	-		-		-		-		-
A6 Cash funds lastyear end	16,320		-		-		16,320		-
Cash funds thisyear end	22,143		-		-		22,143		26,716

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Section B Statement of assets and liabilities at the end of the period Unrestrictfrd funds to nearest£ Restrictod fLFnds Catègori•s Endowment funds Detalls to ngAr•¥i£ to B1 Cash funds Bar￿￿ Bank COIF [w>&tA￿t f4201 Total cash funds 22,143 a¢￿Un48)I Unr•striet8d funds to tsBarBEI£ Rèstricted ftd$ to neartst£ Endowm•n* funds to fioarBSt£ DetBils B2 Other mon•tary assgts Details COIF Ethical Investment fund Fundto whFeh asset bfrjon CuThentvaluo Cost lopllDn•l) 83 Investment assttts Income and Accumulative COIF Property COIF GFobal Income Accumulatnie Details Fund to vthl I bBlon vah lonal Cotst lopkna B4 Assets rntained for the Details Fund to wN¢h rplates B5 Liabilitles SEqntd byone tnJstÈes on bthalf of all the trustsè& Signatu Print Name Dale of rov81 John Rodne Covrdrd Mary Aice Diana Hary 15103rd023 1510312023