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|| |---|---|---|---| ||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|| |Correspondent's address:||Martin Browne 33 Oakhill Drive Welwyn Herts AL6 9NW|| |Executive trustees:||Rector of the Welwyn Team
David Munchin (from Sept 2010)|| |||Churchwarden of Welwyn
Diane Jenkin|| |||Churchwarden of Welwyn
Stuart Westley|| |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|| |||All Trustees
- On the PCC for the Parish of Welwyn during the time of their trusteeship|| ||||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.