## **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<br>2<br>3<br>4<br>5<br>6<br>7<br>8|**Trustee name**|**Office (if any)**|**Dates acted if not for**<br>**whole year**|**Name of person (or body)**<br>**entitled to appoint trustee (if**<br>**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 **<br>**Name**<br>**Address**|||
|**Director Client**<br>**Investments**|Heather Lamont|CCLA, Senator House, 85 Queen Street, London EC4V 4ET|



1 



**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** 

2. 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. 

3. 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. 

3 



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 

4 



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** . 

7 

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**<br>**funds**||**Restricted**<br>**funds**||**Endowment**<br>**funds**||**Total funds**||**Last year**|
||**to the nearest**<br>**£**||**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_<br>_AR)_|**27,326**||**-**||**-**||**27,326**||**26,716**|
|||||||||||
|**A2 Asset and investment**<br>**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**<br>**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**|
|||||||||||



8 



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