Trustees’ Annual Report For the year ended 31 December 2024 ## 1. Administrative Information The Parochial Church Council (PCC) of St Illogan is a charity operating within the Diocese of Truro, serving the communities of St Illogan, Trevenson, and St Mary’s Portreath. The PCC is registered with the Charity Commission and operates under the Parochial Church Councils (Powers) Measure 1956. ## Correspondence address: Parish administrator c/o , The Rectory, Robartes Terrace, Illogan, Redruth, TR16 4RX Bankers: NatWest 54-30-37 Independent Examiner: Sarah Heath Incumbent: The Revd Dr Mark Balfour (appointed August 2024) PCC Members who served during the year: - Revd Mark Balfour (Chair, from August 2024) - churchwardens Frank Baker and Jim Dennis ## Treasurer John Sansom ## Secretary Geoff Williams deanery synod reps Martin Adams and Richard Card ## members Steve Uterhark Dawn Dash Bob Dash Monika Wilkes Andrew Negus Deputy warden Pat Sedgmen Linda Williams Martin Edwards Ben Jones James Smith PCC Lay Chair Peter Lee Deputy Warden Jane Brown Helen Jones Safeguarding Officer David Woodhouse Deputy Warden Michael Chappell Jill Adams Ann Morse Chris Morse ## 2. Structure, Governance, and Management The PCC is an elected body of trustees responsible for the overall governance and financial management of the parish. Members are elected at the Annual Parochial Church Meeting in accordance with the Church Representation Rules. The PCC meets regularly throughout the year, with additional meetings of the Ministry Team and Standing Committee held as required. Subcommittees oversee specific areas such as worship, mission and outreach, children and youth work, finance, buildings, and pastoral care. All new PCC members are briefed on their responsibilities as trustees and on the policies and procedures of the Church of England and the Diocese of Truro. ## 3. Objectives and Activities The PCC’s objective is to promote the whole mission of the Church — pastoral, evangelistic, social, and ecumenical — within the parish and beyond. Key aims for 2024 included: - Regular public worship and pastoral care across the three churches. - Nurturing discipleship through prayer, Bible study, and fellowship. - Encouraging children, young people, and families to engage in church life. - Supporting local and international mission partners. - Caring for creation through sustainable churchyard management and community - engagement. Public benefit is demonstrated through the provision of Christian worship, community support, and charitable giving, in accordance with the PCC’s charitable objectives. ## 4. Achievements and Performance Worship and Ministry Regular Sunday services and midweek prayer continued across all three churches. Special services for Harvest, Remembrance, Christingle, and Christmas were well attended. The PCC was delighted to welcome The Revd Mark Balfour as Rector in August 2024. ## Discipleship and Fellowship Fortnightly Bible study groups and regular prayer meetings nurtured faith and community among members. ## Children, Families, and Youth Weekly children’s and youth activities were held, alongside Parent and Toddler Groups at St Illogan and St Mary’s Portreath. Messy Church met monthly and remains a popular and creative way for families to explore faith. Local schools have had “Open the Book “and classroom visits by invitation. There have also been school visits to all three churches. ## Pastoral Care The Pastoral Team provided visiting and support across all three churches, particularly to the elderly and housebound. ‘ ## Mission and Outreach The parish is actively exploring how to increase its own mission and outreach in the local area. The parish maintained active links with: - Church Mission Society (CMS) -Street Kids Direct- London City Mission (LCM) - CPR Foodbank (Camborne, Pool, Redruth ## Creation Care and Community Engagement The parish continued its Creation Care work, including educational activities with local schools and the Green Churchyard Initiative. ## Governance and Collaboration The PCC met regularly to review mission priorities, finances, and fabric matters, and Ministry Team meetings coordinated worship and outreach. ## 5. Financial Review The PCC continued to manage its finances prudently during 2024, ensuring resources were used effectively in support of ministry and mission. This was helped by deanery distribution of LICF Financial Summary: - Total Income: £108,382 - Total Expenditure: £97765 ## 6. Reserves Policy The PCC aims to maintain reserves sufficient to cover approximately three months of normal operating expenditure, to provide a buffer against unforeseen costs and fluctuations in income. ## 7. Plans for the Future In 2025 the PCC intends to: - Develop a parish-wide mission and discipleship culture under the leadership of Revd Mark Balfour. - improve internal and external communications, including use of email bulletins, website and social media - Strengthen youth and children’s work and family engagement in worship. - Continue Creation Care initiatives and community partnerships. - Explore opportunities for building improvements and accessibility. - Deepen relationships with mission partners , schools and the wider community. ## 8. Statement of Trustees’ Responsibilities The members of the PCC are responsible for preparing the Trustees’ Annual Report and Financial Statements in accordance with applicable law and the Church Accounting Regulations. The PCC is responsible for keeping accounting records, safeguarding the assets of the parish, and ensuring that funds are applied in accordance with charitable purposes. Approved by the Parochial Church Council on 14 October 2025 and signed on its behalf by: The Revd Mark Balfour, Rector and Chair of the PCC Ben Jones PCC Secretary Parochial Church Council of SL Illogan Statsment of financial activities For the yw •ndlng 31st De¢ombor 2024 Unrestricted Funds R8$tricted Funds TOTAL FUNDS 2024 2023 Note INCOMING RESOURCES Donations and Leg8cie8 Other Trading Activitie$ Investment8 2(8) 2(b) 2(c) 2(d) 2(8) 63694 4386 68080 89843 16592 2356 18948 18442 6634 15 e649 3629 Income from charitable activities Other Income TOTAL INCOMING RESOURCES 12436 2269 14705 9828 99356 9026 108382 121742 RESOURCES EXPENDED Church activtti88 3{8) 31b) 3(c) 88199 3037 91236 489 82469 Fund-raising trading c08t8 Major repairs and development St8ff costs 489 2251 4617 31094 1423 92477 1423 TOTAL RESOURCES EXPENDED 5288 97765 114454 TRANSFER BETWEEN FUNDS 27515 27515 -27515 -8728 -18787 NET MOVEMENT IN FUNDS -1871 118787 11A17 5740 Gainsl losses on Investment Assets Revaluation of fixed assets BALANCES BIFWD 1st January 120680 51885 172565 166825 BALANCES CIFWD 31st DECEMBER 118809 17(E72 183182 172565 Page 1 PCC of St. Illogan Balance Sheet (Church of England) AS of . 31st December 2024 Note T¢)t•l Funds Prh)r Y•ar 1587 10169 11758 Hx•d ••Mt• Invoslments 10169 10169 Curr•nt a•••ts Cash al bank and in hand 177266 177286 166547 166547 Ll4bllltl•• Amounts fallfftg due in one year 4253 173013 5738 180809 Curront l•s* ¢urr•nt Ilabllltl•s Total •s••ts t••• ourr•nt Ilabllltl•• 183182 172565 R•pr•••nt•d by Unrn8trl¢tsd G&neral fund 81. Mary's Hall 2035 3259 7037 O••lgnat•d Trevenson heating and rwwiring project F. K•ast legacy Trovanson H411 FID Disaploship Fund Youth Missions PCC Ros•rve M. Ashton Legacy Revaluation of reserv8s In¥eslmeftt Truro DBF Illogan choSr Audiovisual Fund Organ Fund Illogan Churchyard Fund Illogan Fabric Fund Pi)rtr8ath Fabric Find Trevnson Fabfic Fund Churthyard paths 33991 9337 142 33106 13003 5937 7935 38209 7542 142 33501 5933 7935 456 8728 9412 28781 1172 2187 24252 22213 189 172566 Fund• of th• church 183182 Approved by the Parothial Church Council on (PCC Chaimwn) 27 11 1 2025 andsignedon its behalf by Signed b jll& The notes on pages 3 ar￿ 4 form part of these accounts Page 2 Note8 to the flnanclal Statements For the year ended 31 Decemb•r 2024 NTIN LICI The flnancial statements have been prepared In accordance wth the Icnurch Accounllng Regulallon8 2006 tO9ethgr with applicat￿e accounting standards and the SORP 2005. The financial ststements have been prepared under the historical cost convention except for the valualion of nvestment assets, which are shown at market value. The financial statements include all tran8action8, assets and Habllltles for vthlch the PCC18 responslble in law. Th8y Iyo not Indude the acrA)unts 01 church groups that owe their main affiliats'on to ar￿ther body, nor those that are infonn81 gatherings of Chur¢h members. Funds Endowment fund8 are funds. the capttal of which must be maintained. only income ari8ing from Investment of the endowment may be used either as restricted or unrestricted funds deperKling up(M the pury)ose for whth the endowment was established. RestrÉcied funds represent (a) income from trusts or endowments, wh￿h may be expended onty on rostrlcted objects provlded In the temi8 ol the trust or beque8t, and {b> donations or grants received for a 8pecffic object or invited by the PCC for a specific object. The funds may only be expended on the SF)8cific object for which th&y were given, Any balance remaining unspent at the end of e8ch year must be carried forward as a balance on that fvnd. The PCC does not usually invest separately for each fund. Where there Is no separate investment, interest is 8PPOrtioned to indlvidual funds on an average balanc8 basls. Unrestricted funds are general funds that can be used for PCC ordinary purposes. In¢omlng re80urces Planned olving, colledions and donatlons are recognised ￿ffien recelved. Tax refunds ar8 ￿cOgniSed when the incoming resource to wlich they re18te is received. Grants and bgacies are accounted for when the PCC18 legally entitled to the amounts due. Dividends are accounted for when recelvable. Interest 18 accNed. All other Income Is recognised when rt Is r8c6lvable. All incomlng r8sources are accounted for gross. Resources •xpended Grant8 and donats'ons are accounted for when paid over, or when awarded, rf that award creates a binding or constructlv8 obllgation on the PCC. The dloc8san partsh Share Is accounted for wh6n due. Amounts recelved speofically for mi88ion are deatt with as restricted fund8. All other expenditiJr• 18 ganarally recognised when it is incurred aThd is accounted for gross. Flx•d a•••ts Cons8cr8ted and benefice propety is not included in the accounts in 8ccordance wlth s,96(2)(a) of the Charities Act 1993. Movable church fumishings held by the vicar and churchwardens on spedal trust for the PCC and which require a faculty for disposal are Inalienab￿ property, listed in the church's Inventory, which can be inspect8d (at any reasonable time). For anything acquired prior to 2005 there is insuffiu'ent cost infrJrnation availabl& and therefore such assets are not Valued in the financial statements. Equipment used wlthln the church premlses Is depredated on a straight41ne basis over four years. Indlvidual Items of 8quipment with a purchase price of £750 or less are written off thg a8set18 a￿UIred. Investments are valued at market value at 31 December. Page3 INCOAIING RESOURCES TOTAL FUNDS 2024 2023 Fu[￿S Funds 2(a} VOluF￿ry Income Gift AAd Other planned gmng C•8h eolltcttons 8t sthc80 Dona*ons, appeal$, otc, LwJcl&s Tax rec£*verBble Olher wicoming rosour¢e¥ Grants non4ecunlng 29870 5286 407 3Q77 5286 13128 1581 2489 11818 3522 35596 5370 12225 2181 17456 11880 377 59 1025 2469 75 350 11741 31n 88079 8W28 2(b) Aclvi1108 for gemraliw fund8 Sp8LiBI apwals Fund-ralry (coffoo Mor￿￿# •tc.) Chtwch hau WbngHnagazine•tc 13 Z343 13 3018 15917 18948 675 4292 14148 18592 2(c) Inct)m• from Inve•lm¢nts Obldends and Inleresl 15 2(d) Income from church acbmlieg StAtutory feos 2737 11987 12435 14704 2<6) Total In¢omlng rnsourc 108380 121824 RE80URCE8 EXPENDED 3(0) Churth onary and ¢ttarftsble gMrvJ ocesan parlsh ghare Expenses (Clergy etc.) Trknion arml evangel*m co¥t8 Chur¢h runnlng w8n8•8 Churchyard upkeep Chufch UYIMY t4118 Costs of Trading IMag8zlne, Halls gtc.) 500 48000 48000 182 378 18379 3887 5203 11118 81005 505 14622 3202 7091 12979 87583 185 7091 12979 84548 3037 3037 3 MaJoT repaw5 and dwtslowntrnt 2252 aff ¢o¥ts TOTAL RESOURCE8 EXPENDED 4 {#) STAFF COSTS. DUrtr￿ tha year th& PCC had the 8epAce8 of a paruma admlnl8trator, one organlstand iwo part timo owganots. Th• 8tsff eostl wérè £5078 a8 thown abo￿. S078 92478 $078 97765 5289 9￿02 (b) Th•r• w6r8 no wyments to PCC mernb￿. INVESTMENT FUNDS 2024 2023 Inve8ted funds (CBF TTuro> 10189 10189 10189 10109 CURRENT ASSETS Natwegt ac¢ountl Netsyest doP08it aocoumt N8tsvest account 3 Ctrop account S PCC reserve CCLA Illogan Churchyard CCLA 21127 118 72021 8513 127169 318 179288 404C 117 I￿03 4085 106039 298 168548 7 CREDITORS (Falllng th 1 yaaT) 8n¢y furMI8 4252 5738 4252 5738 ANALYSIS OF NET ASSETS tyfund. Investmenttsod assots Curront assets TOTAL 10169 173013 183182 10189 54180 118833 118833 Page 4 Examiners/ audit report for PCC Parish of St Illogan still awaited as of 14/10/25 ## **Independent examiner’s report to the PCC of St. Illogan** This report on the financial statements of the PCC for the year ended 31st December 2024, which are set out on pages 1 and 2, is in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 (‘the regulations’) and s.43 of the Charities Act 1993 (the act) ## **Respective responsibilities of the PCC and the examiner** As members of the PCC you are responsible for the preparation of the financial statements; you consider that the audit requirement of the regulations and s.43(2) of the act does not apply. It is my responsibility to issue this report on those financial statements in accordance with the terms of the regulations. ## **Basis of this report** My examination was carried out in accordance with the General Directions given by the Charity Commission under s.43(7)(b) of the act and to be found in the Church guidance, 2006 edition. That examination includes a review of the accounting records kept by the PCC and a comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the financial statements and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. ## **Independent examiner’s statement** In connection with my examination, no matter has come to my attention: - (1) which gives me reasonable cause to believe that in any material respect the requirement - to keep accounting records in accordance with section 41 of the Act; and - to prepare financial statements, which accord with accounting records and comply with the requirements of the Act and the Regulations have not been met; or - (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed Name Sarah Heath (Nero Accountancy) Address 27 Boskenna Road Four Lanes Redruth TR16 6LS Date 18th February 26