St Marys Trust 2025 Page 1 of 3 

St Mary's Welwyn School Trust 

Trustees Report 

||Trustees Report and Annual Accounts<br>2025|Trustees Report and Annual Accounts<br>2025||
|---|---|---|---|
||This report is of the trusts activities for the calendar ye ear 2025|||
|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 2025 Page 2 of 3 

St Mary's Welwyn School Trust 

Trustees Report 

|Trustees Income Fund Statement|Trustees Income Fund Statement|Trustees Income Fund Statement||2025||2024|2023|
|---|---|---|---|---|---|---|---|
|31-Dec-24||||Current||Current|Current|
|Income avaailable||1st January||59582.58||31,816.22|45,065.70|
|Less|(a) & (b) Governors' expenditure|||||||
|||2023 projects|||||48,051.00|
|||2024 projects||||8,849.55||
|||2025 projects||20625.97||||
||(c) Sunday|School expenditure||0.00||0.00|0.00|
||(d) Religious Education expenditure|||0.00||0.00|0.00|
||Total expense|||20625.97||8,849.55|48,051.00|
|Plus|Interest on|income fund||||||
||||Feb|682.21||375.03|266.49|
||||May|705.96||462.40|190.32|
||||Aug|789.01||570.96|336.72|
||||Nov+ Dec|733.28||671.16|0.00|
||Interest on|investment fund|Mar|8751.04||8,596.94|8,596.94|
||||Jun|8751.04||8,596.94|8,409.81|
||||Sep|8751.04||8,596.94|8,409.81|
||||Dec|9108.79||8,745.54|8,591.43|
||Total income|||38272.37||36,615.91|34,801.52|
|Income available||(31 December )||77228.98||59,582.58|31,816.22|
|Governors' Projects-Trust Deed sections|||5(2) (a)& (b) a)&(b)20.||2025|||
|||||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)|||||
|||2025||Amounts||||
|Ref|Project|||Paid|Date|Main Supplier||
||Telephone|System||11,717.17|Jun-25|Grapevine Communications||
||Accoustic Installation|||8,908.80|Sep-25|Resonics Ltd||
|Totals||||20,625.97||||
|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 2025 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) £22.20 Number of units 55038 55038 InvestmentValue (1 Jaan 2025) £ 1,272,627.16 Investment Value (31 Dec 2025) £ 1,221,750.04 Change over the year -4.15% 

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.