2024-12-31-accounts - The St Germoe Fabric Trust

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Trustees' Annual Report for the period

Period start date Period end date Day Month Year Day Month Year From 01 JANUARY 2024 To 31 DECEMBER 2024

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 CORNWALL Postcode TR20 9SL ~~——~~	Registered charity number (if any)1057430 Charity's principal address TRADE WINDS, PENGERSICK LANE, PRAA SANDS, PENZANCE CORNWALL Postcode TR20 9SL ~~——~~	Registered charity number (if any)1057430 Charity's principal address TRADE WINDS, PENGERSICK LANE, PRAA SANDS, PENZANCE CORNWALL Postcode TR20 9SL ~~——~~
	Names of the charity trustees who manage the charity
	Trustee name Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (if any)
1 Dr Philip Alan Shute	1 Dr Philip Alan Shute Trustee/Chair		Elected
2 Mr John Rodney Coward	2 Mr John Rodney Coward Trustee		Ex-officio churchwarden
3 Mrs Bette Rose Owen	3 Mrs Bette Rose Owen Trustee		Church APCM
4 Mrs Gwynneth Mary Willett	4 Mrs Gwynneth Mary Willett Trustee/Treasurer		Church APCM
5 Mrs Mary Alice Diana Harry	5 Mrs Mary Alice Diana Harry Trustee/Secretary		Elected
6	6
7	7
8	8

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

Name Dates acted if not for whole year Truro Diocesan Board of Finance

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 Name of chief executive or names of senior staff members (Optional information) ~~a~~ TAR 1 March 2012

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.

How the charity is constituted

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:

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

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.
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.

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Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

Our church and yard and church hall are maintained to a high standard such that church and a host of other community activities (regardless of Faith or absence of religion) can be accommodated safely and economically. We are proud of our facilities and all users can enjoy the use of our premises in safe and sanitary conditions, at very reasonable, minimal or no cost.

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)

We seek regular “expert” guidance pertaining to our investments. We invest in managed funds administered by an “Ethical Investments” management company.

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

policy on grantmaking;

We insist our investments are also “sustainable” with the fund managers using their considerable financial weight to influence employment and operating policies within the companies invested-in.

Our Trustees are chosen with a view to both probity and maintaining a “skill mix”.

policy programme related investment;
contribution made by volunteers.

Section D Achievements and performance

Summary of the main achievements of the charity during the year

Payment in grants to St Germoe Parochial Church Council for the following:

➢ Church and hall insurances
➢ Electricity and water bills, Church and hall
➢ Grass cutting churchyard and open cemetery
➢ Organ tuning
➢ Monthly Wifi and SumUp Reader costs in Church and hall
➢ CCLI Licences
➢ PAT testing throughout Church and Hall
➢ Chubb fire inspections, Church and hall
➢ Roof inspections
➢ Church and hall cleaning
➢ Permanent small wheel chair ramp for access to the Church

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Section E Financial review

Only the income from the Trust’s investments in the COIF funds is used Brief statement of the charity’s for grants. The total of the capital assets is invested and may be used by policy on reserves the Managing Trustees at their absolute discretion provided that the reserves are not reduced to less than 66% finances of the fund.

Details of any funds materially in deficit

None

Further financial review details (Optional information)

All expenditure received from the Income of the Capital supports the key You may choose to include objectives of the Charity. We no longer fund raise but rely on good investment additional information, where in the COIF funds, and 84% of our investments are in the Ethical funds. relevant about: • the charity’s principal sources The objectives of the charity are that there remains a church presence in of funds (including any Germoe village that is accessible , safe with a welcoming environment to fundraising); anyone requiring daily access to it. The Trust in its grant making supports these • how expenditure has objectives throughout the whole year. It also at its discretion may grant fund other churches in The United Benefice of West Kerrier. supported the key objectives of the charity;

investment policy and objectives including any ethical investment policy adopted.

Section F Other optional information

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) P A Shute M A D Harry Full name(s) PHILIP ALAN SHUTE MARY ALICE DIANA HARRY Position (eg Secretary, Chair, etc) CHAIR SECRETARY Date 20/04/2025

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	Charity Name			1057430
	Charity Name THE ST GERMOE FABRIC TRUST
Receipts and payments accounts
	For the period	Period start	To	Period end
		01/01/2024		31/12/2024

0	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 £		to the nearest £
A1 Receipts
COIF Ethical Investment Fund	21,504		-		-		21,504		21,112
COIF PropertyFund	5,756		-		-		5,756		5,675
COIF Deposit Fund	480		-		-		480		713
COIF Global EquityFund	532		-		-		532		131
YearlyPledges	469		-		-		469		469
Bequests	-		-		-		-		-
Gift Aid	55		-		-		55		55
	-		-		-		-		-
*Sub total* _(Gross incomefor AR) _	28,795		-		-		28,795		28,155
~~———=——~~	~~———=——~~	~~———=——~~	~~———=——~~	~~———=——~~	~~———=——~~	~~———=——~~	~~———=——~~	~~———=——~~	~~———=——~~
A2 Asset and investment sales, (see table). ~~———=——~~	~~———=——~~	~~———=——~~	~~———=——~~	~~———=——~~	~~———=——~~	~~———=——~~	~~———=——~~	~~———=——~~	~~———=——~~
~~———=——~~	- ~~———=——~~	~~———=——~~	- ~~———=——~~	~~———=——~~	- ~~———=——~~	~~———=——~~	- ~~———=——~~	~~———=——~~	~~———=——~~
~~———=——~~	- ~~———=——~~	~~———=——~~	- ~~———=——~~	~~———=——~~	- ~~———=——~~	~~———=——~~	- ~~———=——~~	~~———=——~~	- ~~———=——~~
*Sub total* ~~———=——~~	- ~~———=——~~	~~———=——~~	- ~~———=——~~	~~———=——~~	- ~~———=——~~	~~———=——~~	- ~~———=——~~	~~———=——~~	- ~~———=——~~
~~———=——~~	~~———=——~~	~~———=——~~	~~———=——~~	~~———=——~~	~~———=——~~	~~———=——~~	28,795 ~~———=——~~	~~———=——~~	~~———=——~~
*Total receipts* ~~———=——~~	28,795 ~~———=——~~	~~———=——~~	- ~~———=——~~	~~———=——~~	- ~~———=——~~	~~———=——~~		~~———=——~~	28,155 ~~———=——~~
~~———=——~~	~~———=——~~	~~———=——~~	~~———=——~~	~~———=——~~	~~———=——~~	~~———=——~~	~~———=——~~	~~———=——~~	~~———=——~~
A3 Payments
Grants to PCC	18,133		-		-		18,133		17,548
Trust insurance	207		-		-		207		207
	-		-		-		-		-
	-		-		-		-		-
	-		-		-		-		-
	-		-		-		-		-
	-		-		-		-		-
	-		-		-		-		-
	-		-		-		-		-
**Sub total **	18,340		-		-		18,340		17,755
~~—————=~~	~~—————=~~	~~—————=~~	~~—————=~~	~~—————=~~	~~—————=~~	~~—————=~~	~~—————=~~	~~—————=~~	~~—————=~~
A4 Asset and investment purchases, (see table) ~~—————=~~	~~—————=~~	~~—————=~~	~~—————=~~	~~—————=~~	~~—————=~~	~~—————=~~	~~—————=~~	~~—————=~~	~~—————=~~
~~—————=~~	- ~~—————=~~	~~—————=~~	- ~~—————=~~	~~—————=~~	- ~~—————=~~	~~—————=~~	- ~~—————=~~	~~—————=~~	20,000 ~~—————=~~
~~—————=~~	- ~~—————=~~	~~—————=~~	- ~~—————=~~	~~—————=~~	- ~~—————=~~	~~—————=~~	- ~~—————=~~	~~—————=~~	~~—————=~~
*Sub total* ~~—————=~~	- ~~—————=~~	~~—————=~~	- ~~—————=~~	~~—————=~~	- ~~—————=~~	~~—————=~~	- ~~—————=~~	~~—————=~~	- ~~—————=~~
~~—————=~~	~~—————=~~	~~—————=~~	~~—————=~~	~~—————=~~	~~—————=~~	~~—————=~~	~~—————=~~	~~—————=~~	~~—————=~~
*Totalpayments* ~~—————=~~	18,340 ~~—————=~~	~~—————=~~	- ~~—————=~~	~~—————=~~	- ~~—————=~~	~~—————=~~	18,340 ~~—————=~~	~~—————=~~	17,755 ~~—————=~~
~~—————=~~ ~~===>~~	~~—————=~~ ~~===>~~	~~—————=~~ ~~===>~~	~~—————=~~ ~~===>~~	~~—————=~~ ~~===>~~	~~—————=~~ ~~===>~~	~~—————=~~ ~~===>~~	~~—————=~~ ~~===>~~	~~—————=~~ ~~===>=>~~	~~—————=~~ ~~=>~~
*Net of receipts/(payments)* ~~===>~~	10,455 ~~===>~~	455 ~~===>~~	- ~~===>~~	- ~~===>~~	- 10 ~~===>~~	- 10 ~~===>~~	- 10,455 ~~===>~~	455 ~~===>=>~~	10,400 ~~=>~~
A5 Transfers between funds ~~===>~~	- ~~===>~~	- ~~===>~~	- - ~~===>~~	- - ~~===>~~	- - ~~===>~~	~~===>~~	- ~~===>~~	~~===>=>~~	- ~~=>~~
A6 Cash funds last year end ~~===>~~	12,542 ~~===>~~	12,542 ~~===>~~	- - ~~===>~~	- - ~~===>~~	- - ~~===>~~	~~===>~~	12,542 ~~===>~~	~~===>=>~~	- ~~=>~~
*Cashfunds thisyear end* ~~===>~~	22,997 ~~===>~~	22,997 ~~===>~~	- ~~===>~~	- ~~===>~~	- 22,997 ~~===>~~	- 22,997 ~~===>~~	- 22,997 ~~===>~~	~~===>=>~~	10,400 ~~=>~~

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Section B Statement of assets and liabilities at the end of the period

Categories	Details		Unrestricted funds	Restricted funds	Endowment funds
			to nearest £	to nearest £	to nearest £
B1 Cash funds	Barclays		5894.07	-	-
	COIF Deposit		17102.47	-	-
			-	-	-
	~~*Total cash~~ ~~funds*~~		22,997	-	-
	receipts and payments account(s))		OK	OK	OK
			Unrestricted funds	Restricted funds	Endowment funds
	Details		to nearest £	to nearest £	to nearest £
B2 Other monetary assets	COIF Ethical Investment	Income & Accumulated	Unrestricted	-	-
	COIF Global Investment	Income and Accumulated	Unrestricted	-	-
	COIF Property Investment	Income Units	Unrestricted	-	-
			-	-	-
			-	-	-
			-	-	-

	Details		Fund to which asset belongs	Cost (optional)	Current value (optional)
B3 Investment assets				-	-
				-	-
				-	-
				-	-
				-	-

	Details		Fund to which asset belongs	Cost (optional)	Current value (optional)
B4 Assets retained for the				-	-
				-	-
				-	-
				-	-
				-	-

	Details		Fund to which liability relates	Amount due (optional)	When due (optional)
B5 Liabilities				-
				-
				-

Signed by one or two trustees on behalf of all the trustees	Signature		Print Name		Date of approval
	P A Shute		PhilipAlan Shute		20/04/2025
	MAD Harry		Mary Alice Diana Harry		20/04/2025

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Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ Charity Name THE ST GERMOE FABRIC TRUST members of On accounts for the year 31[ST] December 2024 Charity no 1057430 ended (if any) Set out on pages 5-6 (remember to include the page numbers of additional sheets) I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/12/2024 DD / MM / YYYY . Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention (other than that disclosed below *) in connection with the 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

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Please delete the words in the brackets if they do not apply.

Signed: E T Pascoe Date: 04/08/2025 ~~Ps |~~ Name: E T Pascoe ~~Cs~~ Relevant professional qualification(s) or body FCA (if any): Address: Sandsurf Helston Road Germoe, Penzance TR20 9AA

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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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