St Mary's Trust 2020 Page 1 of 3
St Mary's Welwyn School Trust
Trustees Report
| Trustees Report and Annual Accounts 2020 |
Trustees Report and Annual Accounts 2020 |
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|---|---|---|---|
| This report is of the trusts activities for the calendar ye ear 2020 | |||
| Charity commission name: | Welwyn St Mary's Church of England School Foundation | ||
| Charity commission number: | 1000079 Restricted |
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| Correspondent's address: | Martin Browne 33 Oakhill Drive Welwyn Herts AL6 9NW | ||
| Executive trustees: | Rector of the Welwyn Team David Munchin (from Sept 2010) |
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| Churchwarden of Welwyn Diane Jenkin |
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| Churchwarden of Welwyn Stuart Westley |
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| Appointed Trustees: | There are currently no appointed trustees. | ||
| Custodian trustees: | The Diocese of St Albans, Holywell Lodge, Holywell Hill, St Albans AL1 1HE | ||
| Governing document: | Deed of trust dated 7th December 1939 and scheme dated 30th April 1990 | ||
| Objects of the charity: | Capital | ||
| 1 (a) Erection of buildings for the school | |||
| 1 (b) Buildings for the purposes of the charity | |||
| Income | |||
| 2 (a) Maintenance of the school | |||
| 2 (b) Benefits for the school | |||
| 2 (c) Sunday school in the parish | |||
| 2 (d) Religious education in the parish | |||
| Note these numbers refer to the Benefit of the Charity listed in Section 5 of Charity's Scheme | |||
| How trustees are appointed: | As set out in the deed,the Rector and Churchwardens of the | ||
| Parish of Welwyn shall always be Executive Trustees | |||
| In addition, not more than two other persons on the electoral roll | |||
| of the parish may be appointed | |||
| Capital: | 55,038 units in the investment fund of the Central Board | of Finance of the CofE | |
| Capital invested to maintain value for future generations | rather than produce | ||
| income. The capital has not been used since the scheme in April 1990. | |||
| CBF Investment Fund account number 132001677S | |||
| Income from said capital: | Applied in accordance with the objects of the charity in 2 | (a-d) above, details | |
| of which are found in the following report. | |||
| CBF Deposit Fund account number 132001820D | |||
| Activities | and Achievements: | The aim of the trust is purely to administer the funds, it has no other activities | |
| Declaration of Interests: | David Munchin - Governor at St Mary's School |
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| All Trustees - On the PCC for the Parish of Welwyn during the time of their trusteeship |
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| See note of related funds |
St Mary's Trust 2020 Page 2 of 3
St Mary's Welwyn School Trust
Trustees Report
| Trustees Income Fund Statement | Trustees Income Fund Statement | 2020 | 2019 | 2018 | ||
|---|---|---|---|---|---|---|
| 31-Dec-20 | Current | Current | Current | |||
| Income avaailable 1st January |
40506.65 | 39,721.19 | 77,696.36 | |||
| Less | (a) & (b) Governors' expenditure | |||||
| 2018 projects | 68,131.60 | |||||
| 2019 projects | 30,110.38 | |||||
| 2020 projects | 38465.00 | |||||
| (c) Sunday School expenditure | 0.00 | 0.00 | 0.00 | |||
| (d) Religious Education expenditure | 0.00 | 0.00 | 0.00 | |||
| Total expense | 38465.00 | 30,110.38 | 68,131.60 | |||
| Plus | Interest on income fund | |||||
| Feb | 71.13 | 55.68 | 63.21 | |||
| May | 50.86 | 49.87 | 70.11 | |||
| Aug | 53.61 | 54.80 | 46.26 | |||
| Nov+ Dec | 15.70 | 68.32 | 63.70 | |||
| Interest on investment fund | Mar | 7633.77 | 7,182.46 | 6,885.25 | ||
| Jun | 7925.47 | 7,925.47 | 7,925.47 | |||
| Sep | 7925.47 | 7,925.47 | 7,925.47 | |||
| Dec | 8101.59 | 7,633.77 | 7,176.96 | |||
| Total income | 31777.60 | 30,865.84 | 29,451.40 | |||
| Income available (31 December ) |
33819.25 | 40,506.65 | 77,696.36 | |||
| Governors' Projects-Trust Deed sections | 5(2) (a)& (b) a)&(b)20. | 2020 | ||||
| Amounts | ||||||
| Ref | Project | Paid | Date | Main Supplier | ||
| New Windows | 38,465.00 | Hertford Glass | ||||
| Totals | 38,465.00 | |||||
| Governors' Projects Trust Deed Sections | 5(2) (a) & (b a)&(b) | |||||
| 2019 | Amounts | |||||
| Ref | Project | Paid | Date | Main Supplier | ||
| Garden Room | 8,170.67 | Feb-19 | Grovebury Construction | |||
| Garden Room | 14,325.90 | Feb-19 | Hertford Glass | |||
| Metal Fencing | 6,117.80 | Jun-19 | D Smith Builders | |||
| Refurbish boy's toilets | 1,496.01 | Nov-19 | D Smith Builders | |||
| Totals | 30,110.38 | |||||
| Governors' Projects Trust Deed sections | 5(2)(a)&(b) Z2017 | |||||
| Amounts | Date | Main Supplier | ||||
| Paid | ||||||
| Sunday School Projects - Trust Deed sections 5 (2) (c) | Amounts | |||||
| Paid | Date | Supplier | ||||
| Ref | Project | |||||
| Totals | 0.00 | |||||
| Religious Education Projects - Trust Deed sections 5 (2) (d) | Amounts | |||||
| Project | Paid | Date | Supplier | |||
| Ref | ||||||
| St Michael's Church | 0.00 | |||||
| St Michael's School | 0.00 | |||||
| 0.00 | ||||||
| Totals |
St Mary's Trust 2020 Page 3 of 3
St Mary's Welwyn School Trust
Trustees Report
Value of Investment Fund
On 31 Dec ember the value of 1 share in the fund was (pence) Number of units 55038 55038 Investment Value (31 Dec 2019) £ 1,052,656.79 Investment Value (31 Dec 2020) £ 1,125,345.47 Change over the year 6.90%
I declare, in my capacity of charity trustee, that: the trustees have approved the report above; and have authorised me to sign it on their behalf.
Signed: Date: At the time of the building of the new infants' wing, the proceeds were split. £284,968.69 form this scheme. The Note: remaining £157,734.37 was made over to the Educational Schemes Account of the Diocese under a Section 2 Order, and is outside the scope of this trust.