St Marys Trust 2024 Page 1 of 3
St Mary's Welwyn School Trust
Trustees Report
| Trustees Report and Annual Accounts 2024 |
Trustees Report and Annual Accounts 2024 |
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| This report is of the trusts activities for the calendar ye ear 2024 | |||
| 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 Marys Trust 2024 Page 2 of 3
St Mary's Welwyn School Trust
Trustees Report
| Trustees Income Fund Statement | Trustees Income Fund Statement | Trustees Income Fund Statement | 2024 | 2023 | 2022 | ||
|---|---|---|---|---|---|---|---|
| 31-Dec-24 | Current | Current | Current | ||||
| Income avaailable | 1st January | 31816.22 | 45,065.70 | 53,349.65 | |||
| Less | (a) & (b) Governors' expenditure | ||||||
| 2022 projects | 42,600.00 | ||||||
| 2023 projects | 48,051.00 | ||||||
| 2024 projects | 8849.55 | ||||||
| (c) Sunday | School expenditure | 0.00 | 0.00 | 0.00 | |||
| (d) Religious Education expenditure | 0.00 | 0.00 | 0.00 | ||||
| Total expense | 8849.55 | 48,051.00 | 42,600.00 | ||||
| Plus | Interest on | income fund | |||||
| Feb | 375.03 | 266.49 | 50.05 | ||||
| May | 462.40 | 190.32 | 71.76 | ||||
| Aug | 570.96 | 336.72 | 114.67 | ||||
| Nov+ Dec | 671.16 | 0.00 | 258.71 | ||||
| Interest on | investment fund | Mar | 8596.94 | 8,596.94 | 8,409.81 | ||
| Jun | 8596.94 | 8,409.81 | 8,409.81 | ||||
| Sep | 8596.94 | 8,409.81 | 8,409.81 | ||||
| Dec | 8745.54 | 8,591.43 | 8,591.43 | ||||
| Total income | 36615.91 | 34,801.52 | 34,316.05 | ||||
| Income available | (31 December ) | 59582.58 | 31,816.22 | 45,065.70 | |||
| Governors' Projects-Trust Deed sections | 5(2) (a)& (b) a)&(b)20. | 2024 | |||||
| Amounts | |||||||
| Ref | Project | Paid | Date | Main Supplier | |||
| Soft Playground Surface | 3,857.55 | Abacus Playgrounds | |||||
| 16 x I Pads | 4,992.00 | Interm IT UK Ltd | |||||
| Totals | 8,849.55 | ||||||
| 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 2024 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) £23.12 Number of units 55038 55038 InvestmentValue (1 Jaan 2024) £ 1,244,150.50 Investment Value (31 Dec 2024) £ 1,272,627.16 Change over the year 2.25%
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.