THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF KENWYN WITH ST ALLEN ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Registered Charity Number 1134349 Report and Accounts for the Parochial Council of the Ecclesiastical Parish of Kenwyn wlth St Allen for the Year Ended 31 December 2023 Table of Contents Page Number Trustees, Report Independent Examiners Report Statement of Financial Activities Balance Sheet Notes to the Flnancial Statements 9-14 Parish of Kenwyn wlth StAllen Annual Report 2023 PCC Secretary Mrs Helen Perry 1. To support and nurturethe spiritual development ol our members, youngand old. We aim to do this by worshipping, praying and learning together as a church and with Christians Df other traditions and by being prepared to embrace new challenges on ourjourney of laith. 2. To foster Christian spiritual development in those outside the main church community. We (So this through evangelism, through contact with schools, by welcoming newcomers 8nd nurturing new believers of all 8ges. 3. To serve and supportthe needs of our own communities and further afield. We do this by visiting the elderly, the ill & the bereaveci, by offering support to families and by engaging with churches and charitable organisations at home and abroad through prayer and financial support. 4.To support and encourage each other in ourdaily life and to bearwwtness outside the church community. We do this by responding to the need8 of one another and by encouraging all kinds of individual involvement in our local community. 5. To support the Church of England's Natlonal Environmental Campaign to address In falth. practice and mission the issues ot sustainability and climate change. We do this by challenging, encouraging and supporting each other to live and work in a more sustainable and environmentally sensitive way. The PCC is a corporate body established by the Church of England. It operates under the Parochial Church Council Powers measure. Th8 appointment of PCC members is governed by. and set out in. the Church Representation RLJles. The PCC is registered with the Charity Commission, number 1134349. PCC members who are also Trustees by definition under Charities Law un188s indicateLI otherwise, both current and during 2022, were as follows.. Churchwardens: Mi David Burgess MrAdrian Hare Mr Martin Wright Mr David Lovelock Mrs Maureen Woodhouse 12018 onwardsl 12011 onw8rdsl Ivice Chairmarb from May 20211 12017- April 20231 (May 2022 onwards) (From April 2023 1 PCC elected member from 20221 12018 onwards) Ifrom June 20231 12017-June 20231 12019-June 20231 Deanerysynod: Mrs Jane Cameron Mr David Lovelock Mrs Helen Perry Mr Martln Wright Elected members: MrArthur Carveth Mr Brian MacKenley Mr Ivan Myles Mrs Helen Perry Mr Robert Perry Mr john Richardson Mr Hugh Sharp Mrs MaryAnn Trethewey Mr Chris Wells Mrs Maureen Woodhouse IMay2022- 20251 IMay2021 - 20241 (May 2021- 20241 IApril 2023- 2025 1 Deanery Synod rep 2017-20231 IMay2022-20251 12020-20231 M8y2023-20261 (April 2023 - 2026 12020-2023 1 May 2023- 20261 (May 2022-20241 (May 2022- 20251 The appointment of PCC members is governed by and set out in, the Church Representation Rules. All PCC members are offered and undertake training by the Diocese especially in relation to Safeguarding. The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. Treasurer: Mrs Tom Roach, whilst not a member of he PCC, attended some meetings to report on financial issues in an advisory capacity. Local Minister.. Dr Andy Boorne ICurate/Ordained Deacon June 20231 was assigned to Kenwyn Church in September 2022 under an ongoing pastoral re-organisation scheme 8n(5 attended PCC meetings. The PCC is a public benefit entity and the trustees have had due regard to the Charity Commission's guidance Dn public benefit During pastoral reorganisation this was passed to Rev Marc Baker, Rural D8an Ifrom May 20221, assisted by Rev Andy Boorne (Kenwynl and PCC representatives Iboth churchesl, Bank- Imain account) Barclays Bank PLC 14 King Street Truro TR12R8 Bank: (project account) Lloyds Bank PLC 15 Blackheath Village London SE3 9LH Luke Bennett Trebarvah Cottage Seworgan Falmouth Cornwall TRII 5QN Kenwyn Church (St Keynel TR13DR located atordnance SuNey Grid Reference- SW819459 St Allen Church (St Alunus/St Alleynel TR4 9QX located at Ordnance Survey Gri(J Reference: SW822507 Number on Electoral Roll.. Baptisms.. Conf irm8tions'. Weddings.. Wedding Blessing Funerals.. 9 in church, 4 at crematorium Average Sunday Attendance.. St Allen: Under 16.. 0 Kenwyn: Under 16: 4 92 Over 16: 30 Over 16.. 44 The primary objectlV8 of the PCC is the promotion of the Cospel of our Lord Jesus Christ according to the doctrines 8nd practices of the Church of England. The PCC (Powers) Measure 1956 states the PCC is to co- operate with the minister in promoting in the parish the whole ￿lsSIon of the Church, pastoral, evangelistic, social and ecumenical. The PCC regularly reviews its policies and procedures.. The agreed reserves policy is to keep in reserve suff icientfundsto cover sixmonths, expenditure from the general f und, excluding Mission and Ministry fund p8yments and any charitable giving. Going Concern - the Trustees have concluded that there are no material uncertainties 8bout the PCC'S ability to continue as 8 going concern as the Charity holds substantial reserves, and if these are compared against known and anticipated levels of liabilities expected to be faced bythe PCC they are confidentthat there is no significant risk of any financial failure. The Health and Safety policy has been regularly reviewed and risk assessments undertaken where required throughout 2023. The p8rish is commltted to the safegu8rding of children, young people end vulnerable adults / all adults. The PCC follows the House of Bishops guidance and policies and has complied with Section 5 of the Safeguarding and Clergy Discipline Measure 2016. The PCC has noted the Safeguarding Policy Statement Promoting a Safer Church. House of Bishops 2017. follows the guidance on Safer recruitment and People Management and has appointed a Safeguarding and Recruitment Off icer. Training courses on a variety of subjects are available, arranged by the Diocese. Six full PCC meetings took place during 2023, plus four more with limited agendas. In the Autumn of 2021 discussions commenced regardlng re-organisation within the Deanery of Powder lea(iing to proposals for a Pastoral Scheme which would combine six local churches to form the P8rish of Trinity, Truro. Debate is ongoing with members of St Allen Church land St Clementl indic8ting that they no longer wished to be included. A fresh Scheme is awaited. In the interim both churches have formed Leadership Teams involving PCC members who regularly attend that particular church and oversee the day to day running. Rev Andy Boorne (Curate) was appointed Local Minister in September 2022 A Local Minister is still to be appointed The PCC'S reserves incre88ed during the period following net gains on investment of £27,120. In addition there was a small surplus on net income of £3,071. The overall reserves of the PCC total £906,793, which inclLJdes the inclusion of the Rat)ey Fund which 18 8dministered by the churchwardens. The accounts have been changed to be under receipts and payments. Unrestrict8d reserves totalled £220,459. 2023 was another challenging year for the Parish with the uncertainties regardlng pastoral re-organis8tion. Thanks are expres8ed to Rev Andy Boorne for his tireless efforts to support the church at Kenwyn. The appointment of a Local Minister for St Allen church is still awaited. With inputfrom the Churchwardens, assisted by members the congregation, regular 8eNices patterns have been maintained throughout the year. Grateful thanks are also expressed to the parish Worship Leaders and many retired clergy for all they have done on Sundays as well as off iciating at weddings, funerals, and baptisms. Congreg8tions are gradually increasing, helped by community outreach, especially involving work with children both in church and local schools. Helen Perry IPCC Secretaryl Report and account5 for the PCC of the P8rlsh of Kenwyn with St Allen for the year ended 31 December 2023 Independent examiner's report to the Trustees of the PCC of the Parish of Kenwyn w1th St Allen I report the trustees on my examination ol the accounts for the PCC of the Parish of Kenwyn with StAllen for the ye3r ended 31 December 2023, which are Set out on pages 7- 14 Responslbilities and bas15 of rewrt A5 the charlty trustees of the Trust you are responsible for the p￿paratIon of the aceounts In accordance with the requirements of the Charities Act 2011 Ithe Actl I report in rÈspect of my examlnation olthe Trustee's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed oll thÈ applica￿& Directions given bythe Charity Commlsslon under section 14515llbl of the 2011 Act. Independent examiner's staternent I have completed my examlnation. I ronfirm that no material tnatters have come to my attentlon In connection with the examination Eiving me cause tc believ2 that any material respect.. 11 accounting record5 wÈre not kept in re$pÈct of theTrust a5 required by section 13Q of the Act,. or 21 the accounts do not accord with those recards,. 31 the accounts do not cotnply wlth the applicable reqtsirements concerningthe form and content of accounts Set out In the Charitie5 IActounts and Reports) Re8ulatlOn5 2008 otherthan any requirement that the accounts give a'true and fairvlew, which Is not a matter consldered a5 Part of an independent examination. I have no concern5 and have cotne across no other rnatters in Connection with the exatnination to which attentlon should be drawn In this ￿port In order to enable a proper under5tandin8 of the accounts to be feached. Luke Bennett CtA oolo¥l Reportand accuunts lorthE P4rochlalCouncl olthe E¢r￿s￿5t￿lIParIShOIK*￿W1fft ￿thstAllEn lotthe year31 Detetnbpr2023 STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31 DECEMBER 2023 VnrestridÈd Fvnds unrestl￿ted D¢5*nate Restricted Ful E￿ent Funth T4tal 1023 20ZZ Notes INCOMEAND ENDOWMENTS Volunt?ryln(¢me Act￿111￿ lorgenerJdnsfuThds ChurchActriSlle5 Incam￿[roM lThvestments otherincump TOTALINCOME 141 65,117 65.227 68,782 .640 20.230 18.640 10.2 4.503 101.Q97 101,097 10.149 EXPENDThURÉ Chuith adiylties TOTALEXPEWDrrupE 95,291 95.291 3,037 3.037 iOL025 IOL026 113,479 113.479 1698 NET (EXPEN￿TURe1iIN£oME BEFORE IE5TMENTGAJNS 8,805 I2.￿8) IU71 NEfiLOSSESIIGAINSOI4 INVESThtENTS 16,113 9,5n L434 27.120 137,1641 NE[ INCOMEIIEXPENLXTUREI 34.919 6.535 11.2641 34￿1 170,4941 NEtMOVEMENTIN FUND5 Z4J19 0 535 11,2641 aq191 TOTALFUND5 BROV￿TFoRwARD 194M 88,895 IQ175 31L970 381464 ConversvJn to Rpcelptsand Paym￿￿5 T￿￿5f2rbe￿WeèTh reserves 17,7941 7.494 17.4941 Relrtcl￿lort olRabeyLe8èEyFund 5n.427 TOTALFUNDSCARRIEDFORWAAD 2ZO.459 572,427 94,89q ,oii ,FY3 Reportand xcountslurt￿ Paroch1olCoufflc4 vltheEEEleslJ511Ed ParlshofKenYrynw5th5tAI￿n forthey31December2028 BALANCE SHEET A5 AT 31 DECEMBER 2023 2013 20ZZ XÉDA55Ers InwtmEnts 270.360 CURReNT ASSET5 Debt(Ys and PlEP?ymen15 Cashat B•)kaThdln H￿d 10,256 36.8SB 906,793 TOTALASSETS 3L4.432 UAUIUTrES 2A62 311.970 TOTALNgrA55ETS .793 PAWSH FUNDS Ufire5tritte UfifEStlitted DE5¥nJtÈd Be5￿Cted EndawMent 8&9 8&9 8&9 B&9 120.4fj0 S72.427 94.896 19.009 906,793 194.018 88,898 31J.970 Approvedb¥thÈPCC o Y8nÈd Dnltsbeh¥J16y TWR • 8/1, AH Repon aod accounts for the Pccof K&nwyn wlth StAllen for ¥eareThded 31 ilecember 2023 Notes to the Flnanclal Statoments Statutory Inforfflation Thp PCC 15 a corporate body established by the Church of England. THe PCC is rÈgistered at the Charltiescommlss￿n number 1134349. The r&glstered Dffite is The Vic?rage, Kenwyn Church Road, Truro TRI 3DR The financial ststèments cover an individual entlty, Basis of financial ststements The financial 5taternents of the charlty, which is a public benefit entity under FRS 102 have been prepared in accordance with the Church Attountin8 Regul3b-ons ZW6, the Charltles SORP IFRS1021 leffecri¥e ljanuary 20191 and the CharitSesAtt 2DII. The financial 5tatemenis have been prpparÈd under the historical cosiconvention, a5 modifled by the rÈvaluation of investments which are stated at Finanaal Instruments The accounts have been prepared under re￿Ipts Ind payment5 basis. There have been adjustments made to the brou8htforward position to reflectthis. Fund Accoundng Endowment funds are funds, the capltal of whith Is malntalned permanenttyoratthe PCC'S discretion. The income derlved is utS1isÈd for the purposes 5peclfied by the purpose set outwhen Qsfdblished. Restricted funds are funds, the capltal and interest of whlch are utllSsed forthÈ purposes speclfled when ori8inalty e5tabllshed. Unrestricted desienaied funds are genÈral unrestricted funds asdesignated by the PCC The PCC a8reod to vrithdr3w desl8nations during the period to sirnplify the financi31 reporting. Unresrritted funds arÈ income fvnd5 Used atthe PCC5 discretion. Incomo Planned glvln8 and slmilardonations arÈ retO8rtised when recelved. Tax ￿t￿n￿5 are a150 now recognised when receNed. Le83cies are recogni5ed on receipL Expenditure All expenditure 15 recogni5ed when Incurred and accounted for8ros& Any VATwhlch can be tlaimed back underspeclal rules15 recognised a5 income on reteipt. Reservès P￿ltY The Policy for the General Atcount is to seek to rnaintain re5eYves at the level rppre5ented by six months p5timated expendlture. As at 31 OÈcÈmber2023 the charity had tree reserves forthis purpose of £220.429. Tangible fixed a55eis ConsÈcratÈd 2nd bÈnÈrI￿ property15 not Included In the accounts in accordance wlth sl0l2llal and Icl of the Charitles Act 201L InvEStments Flxed èsset invÈ5tmeThts can51St of unlts purch35ed In I￿eStment fund5 whlch are only avallable to charitable orBènlsation5 with objects dosely connectèd to thp work ofthe Church of En8land. The% investments are stated at fair v31ue at the end of thp ￿portIn6 perfod. EAN L*) JlJ2? vi3 3aJ27 7.￿6 93 Jrn 7fj¥ Kenw 4a0 13SS6 1OlZg Fund5 21 4S,224 IL139 34,•20 Urwl*p41r a45 S30 irPiwnr* 316 5ZO IOLThE6 WF 3D) ats) TEDP DASSETS Teknl 16*.747 IF.57fj IS9 S?l4È7 E7.1]9 Toah%undei&tandi￿atCo￿ftt1hW￿ts￿n rEStatÈd kn theprforyeèrtorecelptsandpwents INVE VEMEMf IN Atilv Il*r J2JlS i.s54 J33 a03 579 7,G46 49J tIF￿d Lllll JDD 1.128 535 ill36 YlJ45 ISOD m•ThtF￿ 17.756 J4YSY 17.IL MMARYOF SMOVEMENT5 111r￿elLI)YWry]Q?E 175 Lry1A97 iougy L41 ILI 5J1427 ]53 av1¥2WJ ATEMENT THEYEARENDED IDE M8ER2 15.714 503 653 797 T￿T￿iNcOME 149 EMPEND￿vIE 11*47> IL3A79 TOTAlE￿N[¥T￿RE 97.7U7 NETIEXPENOlTuREiivJco￿iÉ￿OiÉ 135558 15,714 194 NE[￿l￿oNI11vE5Tk￿E￿T .￿.)00 731 137.1611 NETp4CihMEllÉxPEML¥ruRÈ TRAf15FENWEEMFLWS I￿llD￿ 14Efp￿ME￿fIME￿D5 lJ4JStTr 17¢4*1 47.7¢0 TOT¥FUNQSW￿HTFc￿￿¥I￿DlNEr0F iIOKYÉARADIU5TMENTI 111340 TOTUFUMDSCthIIEDFOWIARD 781 274 311.970