THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF KENWYN WITH ST ALLEN ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Registered Charity Number 1134349 Report and Accounts for the Parochial Council of the Ecclesiastical Parish of Kenwyn with St Allen for the Year Ended 31 December 2024 Table of Contents Page Number Trustees, Report Independent Examiners Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 9-13 Parish of Kenwyn with St Allen Annual Report 2024 PCC Secretary Mrs Helen Perry Parish Mission temen l. To support and nurture the spiritual development of our membersi young and old. We aim to do this by worshipping, praying and learning together as a church and with Christians of other traditions and by being prepared to embrace new challenges on our journey of faith. 2. To foster Christian spiritual development in those outside the main church community. We do this through evangelism, through contact with schools, by welcoming newcomers and nurturing new believers of all ages. 3. To serve and support the needs of our own communities and further afield. We do this by visiting the elderly, the ill & the bereaved, 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 our daily life and to bear witness outside the church community. We do this by responding to the needs of one another and by encouraging all kinds of individual involvement in our local community. 5. To support the Church of England's National Environmental Campaign to address in faith, practice and mission the issues of sustsinability 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. chi The PCC is a corporate body established by the Church of England. It operates under the Parochial Church Council Powers measure. The appointment of PCC members is governed by, and set out in, the Church Representstion Rules, The PCC is registered with the Charity Commission, number 1134349. PCC members who are also Trustees by definition under Charities Law unless indicated otherwise, both current and during 2022, were as follows: Churchwardens.. Mr David Burgess Mr Adrian Hare Mr David Lovelock Mrs Maureen Woodhouse (2018 onwards) (2011 onwards) (2022 onwards) (2023 onwards) Deanery Synod: Mrs Jane Cameron Mrs Anthea Lovelock Mr David Lovelock (2018 onwards) (from July 2024) (from June 2023) (May 2022 - 2025) (May 2021 2027) (May-july 2024) (May 2021- May 2024) (April 2023 - 2025) (May 2022 - 2025) (May 2023 - 2026) (April 2023 - 2026 (May 2023 - 2026) (May 2022 - 2027) Elected members: Mr Arthur Carveth Mr Brian MacKenley Mrs Anthea Lovelock Mr Ivan Myles Mrs Helen Perry Mr Robert Perry Mr John Richardson Mr Hugh Sharp Mrs Mary Ann Trethewey Mr Chris Wells The appointment of PCC members is governed by and set out in, the Church Representstion 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 estsblished by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. Treasurer: Mr Tom Roach, whilst not a member of the PCC, attended some meetings to report on financial issues in an advisory capacity. Local Minister: Rev Andy Boorne was assigned to Kenwyn Church in September 2022 under an ongoing pastoral re-organisation scheme and attended PCC meetings. ICB efi The PCC is a public benefit entity and the trustees have had due regard to the Charity Commission's guidance on public benefit During pastoral reorganisation this was passed to Rev Marc Baker, Rural Dean (from May 2022), assisted by Rev Andy Boorne (Kenwyn) and PCC representatives / Church Leadership Teams. in rm Bank: (main account) Barclays Bank PLC 14 King Street Truro TRI 2RB Bank: (project account) Lloyds Bank PLC 15 Blackheath Village London SE3 9LH Luke Bennett FCA cfA TrebaNah Cottage Seworgan Falmouth TRII 5QN Kenwyn Church (St Keyne) TRI 3DR located at Ordnance Survey Grid Reference: SW819459 St Allen Church (St Alunus/St Alleyne) TR4 9QX located at Ordnance Survey Grid Reference; SW822507 rish icsf r2 Number on Electoral Roll: Baptisrns: Confirmations: Weddings: Wedding Blessing Funerals: 24 97 Kenwyn: 8 St Allen: O Kenwyn: I St Allen: 6 Kenwyn: 2 St Allen: O Kenwyn: 8 in church l at Crematorium St Allen: l in church Average Sunday Attendance: Kenwyn: Under 16: 5 St Allen: Under 16: 0 Over 16.. 52 Over 16: 28 PCC Policies The primary objective of the PCC is the promotion of the Gospel of our Lord Jesus Christ according to the doctrines and 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 mission 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 sufficient funds to cover six months, expenditure from the general fund, excluding Mission and Ministry fund payments and any charitable giving. Going Concern - the Trustees have concluded that there are no material uncertainties about the PCC'S ability to continue as a going concern as the Charity holds substantial reserves, and if these are compared against known and anticipated levels of liabilities expected to be faced by the PCC they are confident that 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 2024. The parish is committed to the safeguarding of children, young people and vulnerable adults / all adults. The PCC follows the House of Bishops guidance and policies and has complied with Settion 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 Officer. Training courses on a variety of subjects are available, arranged by the Diocese. mmitt Six full PCC meetings took place during 2024, plus two more with limited agendas. Following the anticipated split between Kenwyn & St Allen Churches in 2026 each church has formed their own Leadership Team to oversee the running of each individual church. During 2024 Kenwyn members held eight meetings and St Allen five. Kenw Rev Andy Boorne (Curate) was appointed Local Minister in September 2022. Allen: A Local Minister is still to be appointed nci The PCC'S reserves increased during the period following net gains on investment of £89,648. In addition there was a surplus on net income of £65,096, mainly due to the kind bequest of Ms Stoot. Without this there would have been a loss on net income before appreciation of investments of £14,063. The overall reserves of the PCC total £996,441, which includes the Rabey Fund which is administered by the churchwardens. The accounts have been changed to be under receipts and payments. Unrestricted reserves totalled £229,282. General Review an 2024 was another challenging year for the Parish with the uncertainties regarding pastoral re-organisation. Thanks are expressed to Rev Andy Boorne for his tireless work at Kenwyn, assisted by the Churchwardens and Local Worship Leaders. There has not been an appointment of a Local Minister for St Allen church, but it is anticipated that this will be rectified (probably in 2026) under the long awaited Pastoral Scheme. During the Transition period many retired clergy have officiated at St Allen and their ongoing support is greatly appreciated, along with the ongoing work of the Churchwardens and some members of the congregation. As well as the regular services social events and concerts have been held aiming for further outreach into local communities. There has been positive growth in the children and families work associated with Kenwyn Church. men Helen Perry (PCC Secretsry) Report and accounts for the PCC of the Parlsh of Kenwyn with St Allen for the year ended 31 December 2024 Independent examiner's report to the Trustees of the PCC of the Parish of Kenwryn with St Allen I report to the trustees on my examination of the accounts for the PCC of the Parish of Kenwyn with St Allen for the year ended 31 December 2024, which are set out on pages 7- 14 Responsibllitles and basls of report As the charity trustees of the Trust you are responsible for the preparation of the accounts In accordance wlth the requlrements of the Charities Act 2011 {the Act) I report in respect of my examinotion of the Trustee's accounts carried out under section 145 of the 2011 Act and In carrylng out my examinatlon I have followed all the applicable Directlons glven by the Charity Commission under sectlon 1451Sllbl of the 2011 Act. Independent examlner's ststement I have cornpleted my examlnatlon. I conflrm that no rnaterlal matters have come to my attentlon In connection wlth the examlnatlon glvlng me cause to believe that In any material respect: 11 accounting records were not kept In respect of the Trust as requlred by sectlon 130 of the Act; or 21 Ihe accounts do not accord with those records,. 31 the accounts do not comply with the appllcable requirements concerning the form and content of accounts set out In the Charltles IAccounts and Reports) Regulatlons 2008 other than any requlrement that the accoLsnts glve a'tnje and falr vlew, whlch Is not a matter con51dered as part of an Independent examlnatlon. I have no concerns and have come across no other matters In connectlon wlth the examlnatlon to whlch attentlon should be drawn in th15 Teport in order to enable a proper understandlng of the accounts to be reached. LllLfr Luke Bennett Trebarvah Cottage, Seworgan, Falmouth Date.. RekX)rt4ndKcoun15 lor the Parorhl•l Co￿￿¢1101 the Ec(leslastlcal Porlshof Kenwyn ￿1th St ￿le fur theyear 31 Deeembtt2024 STATEMENT OF FINANCIAL A￿1VITIEs FOR THE YEAR ENDED 31 DECEMBER 2024 Re5tr1cted Funds end¢Jwrnenl Funds rotal 1024 2023 Funds UnresirS£ied Desi8naied Funds No¢ÉS INCOME APID ENDOWMENTS Voluntarylncoffle 6Q936 79,160 145, 65.22Y 14,746 24.Y32 14,746 Z4,732 18.640 20.230 Incomo fiom ID¥e51mtnu Olherlncoffle TOTAL INCOME Idl 100,414 79.160 184,574 104.097 EXPENDITURE Church aLllvllles TOTAL EXPENOITUAE 96,625 96,615 22,B53 22,853 119,478 119,47B 101.026 101,026 NETIEXPENOITUREI I INCOME BEFORE INVESTMENT GAINS 3,718 117,8521 79,159 65,096 3.071 NETILOSSESI I GAINS ON INVE5TMeNTS 5,034 14,957 4,074 487 24,551 27,120 NET114COME IIEXPENDITLIREI 8,822 14,957 113.7791 79,646 89,64B 30.191 NET MOVEMEWT IN FUNDS B,822 14,957 79,546 89,6dB 30.191 TOTAL FUNDS BROUG>IT FOAWAAD 210,4 571,427 J9,DJ8 X*793 311.970 Tianslerbeiweeo resefWS Relncluslon ot Rabry Ltiaty Fund 572.427 TOTAL FUNDSCAARIED FORWARD 229.282 7.384 81.117 94654 996J41 906,793 Report and account5 forthe Parochialcouncll ofthe ECclesla5￿£al Parlsh ol Kenwyn wlih5t ￿len for the ¥ear31 December Z024 BALANCE SHEEfASAT31 DECEMBER 2024 2024 1013 Notes FIXED ASSErs Invesimenr5 933,621 869,905 CURRENT ASSETS Debiors ond piepaynienis Cash at Bankand in Hand 62,820 99G.441 36.888 906.793 TOTALAS5Ef5 TOTALWET ASSETS 996.441 >J6.793 PARISH FVNOS Unre51riaed UnTesirlcied De51gnited Ae51rlrted Endowment 7&8 7&8 7&8 21Y,181 587,384 81.119 98,656 996,44ll 210,460 572.427 91,896 19,009 )6,793 ApprDvÈd by the PCC on Slirted on Its bèhall by TWR AH Report•nd actount5 for the PCColKenwyTh with St Allen for the yeaTen￿d 31 Dwomber ZOZI Note5 to the FlnJnci31 Staiemenls Siatuiory Inloimaiion The PCC Is a Cofporate body e51abllshed by the Churth ol Ewland. THe PCC Is reilsttred at theCharille5Comm1551oD nurnber 1134349. The rEg15te¢edatflte 15 Thevlcarage. Konwyn Church Road, Truro TRI 3DR The financial 5¢atementsco¥er an Indi¥4dual entity. Basls of financlhl siatemenis The linanelbl Statements of the charlly, which is a public benefit eThlity under FRS 102 ha￿ been prepared in accordance *lth Ihe Church A¢countinB fteBul31ions 2￿6, Ihe Charities SORP IFRS1021 leffectlVE l January 20191 Jnd the Charltles Aci 2011. The flnanclal siatemenis have been preparod vndcr ¢hc hSsiorlc¢il cosi convcnllon, 05 modifiod by Ihe revjluailon of Invosimonls whlth aro $1471od at lalr value. Flnancial Instruments The Hccounts have been prepared under recelpts ••d p•yment5 basls. Fund AccountSni End4wment funds ire lunds, the(a￿tal ofwhlch Is malntalned prmanen*orit the Kc's dI$eret￿Th. The In¢ome derf￿4 Is utlll%d for Iht purposes spÈtlNtd ty thè purpose set out whèn estab1th￿d. Re51d£led funds are fund5, the capltal and Inle¥e5t of whlch are ulllli•d fw th• purw5e5 5pKllled when orlilnglly esiablhhed. Unrestrkteddeslinaied funds are ioneril unre5tr1aed lund5 as desb8natcd by tho PCC. Tho PCC aireed 10 d¢5*A•tions durln8 Iht perlod toslmplify the flnanclal reporiknl. unrestrkt￿ lundi ire Incomo lunds ￿ed it the PCCS thcfetknn. Income Planned 8lvlw and slmllir donitlons 1r* rn¢08n15¢d wh•n ¢*cÈl¥ed. Tix relvndi •re also now recoinlsed when refehed. Le8Jcie5 recogr415ed N recelpt. Expendlture All Expendlture Is re£o8nlied when Incurred Ind accounted for iross. Any VAT whlch can be clilmed b•ck undet sptclalr￿l0$ Is M¢0@￿sed aslr*om¢ on rtc•lpt. Aeser¥e5 Pollcv The Pollcy for th• Gener•lAccouD¢15 19 5••k tg m•lnl4ln re$ervs 4t the lewl repre5en¢ed by 511 month5 •Sllmaled expendlture. As 8131 December 2024 the charS¢y had Iree reserve5 for Ihls purpose of E229,281. T•rrflbl• fSxed 4$￿tI Con5ecr8i*d Ind b¢nill¢• PfOPÈrty Is not Included In the a£tounls In •ecord•nee vAlh s1012111l and Icl olthv Charltles kl 2011. Investm•nt5 Flxed asset Investments lry. nwxe5anpan5b 5hw? J&JLA IA50I 16.guj 1i.iFg ChuFcbRep&is-Prltt15 ?J.619 611 610 951 In￿•p￿r￿nie￿rnl￿1IK￿F4• 3B5 PAR CTION TheTPVio1vnDi•￿le￿plltY1r47￿yllttIDnSdLvlWlh•pw￿d yrt 4￿d￿r￿UTh￿￿thePlrDlWa1C￿U￿lo11htEI1lP￿5￿lcI1PIlI￿DI￿￿ThWYry￿1th sI￿lEnt￿lhEy*￿r Endtd FIXED ASSETS VniMlrKiod ￿l￿n￿l￿d￿Uttds Funds MNlctVolutpoTictvhi15 23 161905 S72I27 92.$69 469.910 oIHabÈyLEsaty Fw He[erKd Inp¥￿d 79.160 14).W Uniii115odiikn5 JIOoumbw 102 al0tt•mb•r2014 5.r*34 168.791 14.957 517.344 447 98.655 cu RENT ASSETS Accounts are prepared on a recelpt5 and paymen15 bas15. FUNDS INVEST ENTS UnrèJlil¢lédFuhdscoiiipi151 Ih¢bo4wstsofMisiNJDrn ICIIYI148X-.lQlJlindAI 5aknti PJiionattHou RostrlcttdFufidi rofflpriieihc&llOriifj FuThd. lorthE mI￿t¢￿)me￿IlhE￿f1H￿ITrxC￿y￿ Church4Thd KanwyhWW¢wsFuné OtiliMI?dlufidi- TboPIb￿l1e4c¥FUfjdk1I bren1n(l￿¥alnihPSI1￿C¢￿ry￿*. Iromthhlvnd EndllwMintFvndsrry15Eihi Idly51 [IiTrd +ly biv%Edspltlvlurihf￿ik4Trd fvipUlXin￿TrChUrth, 51Alknunyon-l¢i IbemiinienificeofsiA1in¢h￿1Chvarfd èndiDwmTrirtskniiDcash. andAtÉV￿tststP￿ P*a¢hlNlfThHKl•lth¢ Pirl*OlK•n￿nwIh SIMknloilh•YoirEndtd 3VI¥1014 EMENT IN FUND5 11•18knomMI 7pinilor% BEIWE 6Q445 120.460 oslrkl•dFuNth .17JSl 451J Kiii*Tril WfftdO￿￿lrn￿nI 190J 493 BelFund ijjs 537.ju 5173H 17.7% è50 79,1 19,110 l•rron [SIm￿nI I?.￿ 10&7•2 Ikir•itr*tlldFund> lat Il•TwryJO14 .792 114.571 IW.4L4 1%,6151 Yg.L60 Elpvndllur 7th￿D￿01 S17.J14