St Marys Trust 2024 Page 1 of 3 

St Mary's Welwyn School Trust 

Trustees Report 

||Trustees Report and Annual Accounts<br>2024|Trustees Report and Annual Accounts<br>2024||
|---|---|---|---|
||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<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 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.