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**||||||| document8064213702033899047.xls Page 3 of 4 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||||