St Marys Trust 2023 Page 1 of 3 

St Mary's Welwyn School Trust 

Trustees Report 

||Trustees Report and Annual Accounts<br>2023|Trustees Report and Annual Accounts<br>2023||
|---|---|---|---|
||This report is of the trusts activities for the calendar ye ear 2023|||
|Charity commission name:||Welwyn St Mary's Church of England School Foundation||
|Charity commission number:||1000079<br>Restricted||
|Correspondent's address:||Martin Browne 33 Oakhill Drive Welwyn Herts AL6 9NW||
|Executive trustees:||Rector of the Welwyn Team<br>David Munchin (from Sept 2010)||
|||Churchwarden of Welwyn<br>Diane Jenkin||
|||Churchwarden of Welwyn<br>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<br>- Governor at St Mary's School||
|||All Trustees<br>- On the PCC for the Parish of Welwyn during the time of  their trusteeship||
||||See note of related funds|





St Marys Trust 2023 Page 2 of 3 

St Mary's Welwyn School Trust 

Trustees Report 

|Trustees Income Fund Statement|Trustees Income Fund Statement||2023||2022|2021|
|---|---|---|---|---|---|---|
|31-Dec-23|||Current||Current|Current|
|Income avaailable<br>1st January|||45065.70||53,349.65|33,819.25|
|Less|(a) & (b) Governors' expenditure||||||
||2021projects|||||13,200.00|
||2022 projects||||42,600.00||
||2023 projects||48051.00||||
||(c) Sunday School expenditure||0.00||0.00|0.00|
||(d) Religious Education expenditure||0.00||0.00|0.00|
||Total expense||48051.00||42,600.00|13,200.00|
|Plus|Interest on income fund||||||
|||Feb|266.49||50.05|12.71|
|||May|190.32||71.76|2.13|
|||Aug|336.72||114.67|1.33|
|||Nov+ Dec|0.00||258.71|5.16|
||Interest on investment fund|Mar|8596.94||8,409.81|8,101.59|
|||Jun|8409.81||8,409.81|8,101.59|
|||Sep|8409.81||8,409.81|8,101.59|
|||Dec|8591.43||8,591.43|8,404.30|
||Total income||34801.52||34,316.05|32,730.40|
|Income available<br>(31 December )|||31816.22||45,065.70|53,349.65|
|Governors' Projects-Trust Deed sections||5(2) (a)& (b) a)&(b)20.||2022|||
||||Amounts||||
|Ref|Project||Paid|Date|Main Supplier||
||Gymnasium windows||42,600.00||Hertford Glass||
|Totals|||42,600.00||||
|Governors' Projects Trust Deed Sections||5(2) (a) & (b a)&(b)|||||
||2023||Amounts||||
|Ref|Project||Paid|Date|Main Supplier||
||Security Systems||38,286.00|Mar-23|Hill Security Systems||
||Dining Romm Carpets||9,765.00|Oct-23|Roy Saunders|Carpets|
|Totals|||48,051.00||||
|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|||||||





St Marys Trust 2023 Page 3 of 3 

St Mary's Welwyn School Trust 

Trustees Report 

## Value of Investment Fund 


**----- Start of picture text -----**<br>
On 31 Dec ember the value of 1 share in the fund was (pence) 22.6503<br>Number of units 55038 55038<br>InvestmentValue (1 Jaan 2023) £ 1,141,416.57<br>Investment Value (31 Dec 2023) £ 1,244,150.50<br>Change over the year 9.00%<br>**----- End of picture text -----**<br>


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.