document8064213702033899047.xls Page 1 of 4
St Mary's Welwyn School Trust
Trustees Report
Trustees Report and Annual Accounts 2021
| This report is of the trusts activities for the calendar ear 2020 |
This report is of the trusts activities for the calendar 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) Benefts for the school | ||
| 2 (c) Sunday school in the parish | ||
| 2 (d) Religious education in the parish | ||
| Note these numbers refer to the Beneft 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 their trusteeship |
||
| See note of related funds |
document8064213702033899047.xls Page 2 of 4
St Mary's Welwyn School Trust
Trustees Report
| Trustees Income Fund Statement | Trustees Income Fund Statement | 2021 | 2020 | 2019 | ||
|---|---|---|---|---|---|---|
| 31-Dec-21 | Current | Current | Current | |||
| Income avaiailable 1st January |
33819.25 | 39,721.19 | 77,696.36 | |||
| Less | (a) & (b) Governors' expenditure | |||||
| 2019 projects | 30,110.38 | |||||
| 2020 projects | 38,465.00 | |||||
| 2021 projects | 13200.00 | |||||
| (c) Sunday School expenditure | 0.00 | 0.00 | 0.00 | |||
| (d) Religious Education expenditure | 0.00 | 0.00 | 0.00 | |||
| Total expense | 13200.00 | 38,465.00 | 30,110.38 | |||
| Plus | Interest on income fund | |||||
| Feb | 12.71 | 71.13 | 55.68 | |||
| May | 2.13 | 50.86 | 49.87 | |||
| Aug | 1.33 | 53.61 | 54.80 | |||
| Nov+ Dec | 5.16 | 15.70 | 68.32 | |||
| Interest on investment fund | Mar | 8101.59 | 7,633.77 | 7,182.46 | ||
| Jun | 8101.59 | 7,925.47 | 7,925.47 | |||
| Sep | 8101.59 | 7,925.47 | 7,925.47 | |||
| Dec | 8404.30 | 8,101.59 | 7,633.77 | |||
| Total income | 32730.40 | 31,777.60 | 30,865.84 | |||
| Income available (31 Decem ber ) |
53349.65 | 33,819.25 | 40,506.65 | |||
| Governors' | Projects-Trust Deed sections 5(2) (a)& ( a)&(b)2. | 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) & a)&(b) | |||||
| 2021 | Amounts | |||||
| Ref | Project | Paid | Date | Main Supplier | ||
| Gymnasium Windows | 13,200.00 | Feb-21 | Hertford Glass | |||
| Totals | 13,200.00 | |||||
| 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 |
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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) 2341.81 Number of units 55038 55038 Investment Value (31 Dec2021) £ 1,288,885.39 Investment Value (31 Dec 2020) £ 1,125,345.47 Change over the year 14.55%
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.
| Record | Ofer | Basic | ||
|---|---|---|---|---|
| Date | Record Type | Price | Value | Bid Price |
| Dec 31st, | CBF Church of England Investment | 1,104.14p | 1,095.92p | 1,087.70p |
| 2010 | Fund | |||
| Record | Ofer | Basic | ||
| Date | Record Type | Price | Value | Bid Price |
| Dec 31st, | CBF Church of England Investment | 1,030.05p | 1,022.38p | 1,014.71p |
| 2009 | Fund |