**Friends of St Mary the Virgin Hayes** (Also known as) **Friends of St Mary’s Church Association** Charity Number 1028574 ## **End of Year Financial Statements** **Year ending 31[st] December 2020** Friends of St Mary’s Association Trustees Report Year Ended 31[st] December 2020 The Trustees present their annual report for the year ended 31[st] December 2020 ## **Constitution** Friends of St Mary the Virgin, Hayes, whose working name is ‘Friends of St Mary’s Church Association’, is governed by a constitution adopted on 14[th] October 1993 which was amended on 9[th] November 2011 and registered as a charity on 8[th] December 1993. ## **Objectives and activities** The objects of the charity are to advance the Christian religion through the maintenance, preservation, repair, restoration and improvement of the fabric, fittings, and furniture of the parish church of St Mary the Virgin, Hayes, Middlesex, The church was classified as Grade 2* Listed building on 1[st] November 2011. ## **Sources of funds** Funds are received from donations and legacies from time to time. Income is also received from the investments held under the St James Place Unit Trust Portfolio. ## **Financial position** At the end of the financial year the Friends held funds in cash totalling £25,773 and an investment portfolio valued at £368,365 at year end. ## **Investment policy** The Friends have invested the funds held in the most appropriate, ethical, minimal risk, but beneficial way with St James Place. ## **Structure, governance and management** The trustees who held office during the year are: Fr Nicholas Wheeler (Chair) Mr Sean Kennedy (Secretary) - resigned in May 2020 Mrs Sandrajane Stock (Treasurer) Ms Carol Jobson Mr Alan Lambert Mrs Janette Lawrence Mrs Margaret Littlefield ## **Relationship with parish church** The Friends have been able to help the parish church by continuing to fund some maintenance costs and the Gas and Electricity costs as these help to maintain the fabric of the building ## **Principal address and contact details** Fr Nicholas Wheeler 170 Church Road Hayes _Page 2_ Friends of St Mary’s Association Trustees Report Year Ended 31[st] December 2020 ## Middlesex UB3 2LR ## **Receipts and Payments Account** |**Unrestricted RestrictedEndowment**
**Total Prior year**
**funds**
**funds**
**funds**
**fundstotal funds**|**Unrestricted RestrictedEndowment**
**Total Prior year**
**funds**
**funds**
**funds**
**fundstotal funds**| |---|---| |**Receipts**|| |Planned giving|—
—
—
—
£50| |Other voluntary receipts|£12,899
—
—
£12,899
£90| |Other receipts|£28,865
—
—
£28,865
—| |Investment Income|£2,842
—
—
£2,842
£3,776| |**Total receipts**|**£44,606**
**—**
**—**
**£44,606**
**£3,916**| ||| |**Payments**|| |Cost of generating funds|£10,500
—
—
£10,500
—| |Missionary and Charitable Giving|£16,000
—
—
£16,000
—| |Church Running Expenses|£2,996
—
—
£2,996
£3,234| |Church Repairs & Maintenance|£22,700
—
—
£22,700
—| |Governance Costs|£27
—
—
£27
—| |**Total payments**|**£52,224**
**—**
**—**
**£52,224**
**£3,234**| ||| |**Excess of receipts over payments before**
**transfer**|**(£7,617)**
**—**
**—**
**(£7,617)**
**£682**| ||| |**Transfers**|| |**Excess of receipts over payments before**
**other gains / losses**|**(£7,617)**
**—**
**—**
**(£7,617)**
**£682**| ||| |**Net movement in funds**|**(£7,617)**
**—**
**—**
**(£7,617)**
**£682**| ||| |**Excess of receipts over payments at**
**beginning of year**|**£401,756**
**—**
**—**
**£401,756**
**£401,073**| ||| |**Excess of receipts over payments for the**
**year**|**£394,138**
**—**
**—**
**£394,138**
**£401,756**| ||| |**Represented by**|| ||| |**Unrestricted**|| |General fund|£365,273
—
—
£365,273
£401,756| ||| |**Designated**|| |St James Place Unit Trust|£28,865
—
—
£28,865
—| _Page 3_ Friends of St Mary’s Association Trustees Report Year Ended 31[st] December 2020 ## **Balance sheet** |**Class and code**
**Description**|**This year**
**Last year**| |---|---| ||| ||| |**Current assets**|| |6501
Friends current account|£14,511
£4,532| |6505
Friends deposit account|£11,262
£397,223| |6511
St James Place Unit Trust|£368,365
—| |**Total Current assets**|**£394,138**
**£401,756**| ||| |**Reserves**|| |Excess / (defcit) to date|(£7,617)
£384,890| |Z01
Starting balances|£401,756
£16,865| |**Total Reserves**|**£394,138**
**£401,756**| ||| ||| |**Represented by funds**|| |Unrestricted|£365,273
£401,756| |Designated|£28,865
—| |Restricted|—
—| |Endowment|—
—| |**Total**|**£394,138**
**£401,756**| ## **Statement of assets and liabilities** **GeneralDesignatedRestrictedEndowmentThis year Last** ||**GeneralDesignatedRestrictedEndowmentThis year**
**Last**| |---|---| |**year**|| |**Current assets - Cash at bank and in**
**hand**|| |Friends current account -|£354,011
—
(£339,500)
—
£14,511
£4,532| |Friends deposit account -|£11,262
—
—
—
£11,262
£397,223| |**Totals**|**£365,273**
**—**
**(£339,500**
**)**
**—**
**£25,773**
**£401,756**| ||| |**Current assets - Investments**|| |St James Place Unit Trust -|—
£28,865
£339,500
—
£368,365
—| |**Totals**|**—**
**£28,865**
**£339,500**
**—**
**£368,365**
**—**| _Page 4_ ## Friends of St Mary’s Association Trustees Report Year Ended 31[st] December 2020 **Grand total £365,273 £28,865 — — £394,138 £401,756** ## **Fund movement by type** ## **Opening Incoming Outgoing TransfersGains/losses Closing** |**Investment - St James Place Unit**||||||| |---|---|---|---|---|---|---| |Designated|—|£28,865|—|—|—|£28,865| |**Sub-total for Investment**|**—**|**£28,865**|**—**|**—**|**—**|**£28,865**| |**General - General fund**||||||| |Unrestricted|£401,756|£15,741|£52,224|—|—|£365,273| |**Sub-total for General**|**£401,756**|**£15,741**|**£52,224**|**—**|**—**|**£365,273**| |**Grand total**|**£401,756**|**£44,606**|**£52,224**|**—**|**—**|**£394,138**| |||||||| ## **Analysis of receipts and payments** |**Total**
**Unrestricted**
**Designated**
**Restricted**
**Endowment**
**This year**
**Last year**
**INCOME AND ENDOWMENTS**
**Planned giving**
0201 - Other planned giving
—
—
—
—
—
£50
Total
—
—
—
—
—
£50
**Other voluntary receipts**
0550 - Donations appeals etc
—
—
—
—
—
£90
08A1 - Non-recurring one-of
grants
£12,899
—
—
—
£12,899
—
Total
£12,899
—
—
—
£12,899
£90
**Other receipts**
0901 - Other funds generated
—
£28,865
—
—
£28,865
—
Total
—
£28,865
—
—
£28,865
—
**Investment Income**
1001 - Dividends
£2,803
—
—
—
£2,803
£3,578
1020 - Bank and building society
interest
£38
—
—
—
£38
£198|**Total**
**Unrestricted**
**Designated**
**Restricted**
**Endowment**
**This year**
**Last year**
**INCOME AND ENDOWMENTS**
**Planned giving**
0201 - Other planned giving
—
—
—
—
—
£50
Total
—
—
—
—
—
£50
**Other voluntary receipts**
0550 - Donations appeals etc
—
—
—
—
—
£90
08A1 - Non-recurring one-of
grants
£12,899
—
—
—
£12,899
—
Total
£12,899
—
—
—
£12,899
£90
**Other receipts**
0901 - Other funds generated
—
£28,865
—
—
£28,865
—
Total
—
£28,865
—
—
£28,865
—
**Investment Income**
1001 - Dividends
£2,803
—
—
—
£2,803
£3,578
1020 - Bank and building society
interest
£38
—
—
—
£38
£198| |---|---| ||—
—
—
—
—
£50| ||—
—
—
—
—
£50
—
—
—
—
—
£90| ||£12,899
—
—
—
£12,899
—| ||£12,899
—
—
—
£12,899
£90| ||—
£28,865
—
—
£28,865
—| ||—
£28,865
—
—
£28,865
—
£2,803
—
—
—
£2,803
£3,578| ||£38
—
—
—
£38
£198| |Total|£2,842
—
—
—
£2,842
£3,776| |**INCOME TOTAL**|£15,741
£28,865
—
—
£44,606
£3,916| _Page 5_ ## Friends of St Mary’s Association Trustees Report Year Ended 31[st] December 2020 ## **EXPENDITURE** |**Cost of generating funds**
1740 - Investment management
costs
£10,500
—
—
—
£10,500
—
Total
£10,500
—
—
—
£10,500
—
**Missionary and Charitable Giving**
1802 - Donation to Church
£16,000
—
—
—
£16,000
—
Total
£16,000
—
—
—
£16,000
—
**Church Running Expenses**
2401 - Church running - electric
£1,280
—
—
—
£1,280
£772
2410 - Church running - gas
£1,715
—
—
—
£1,715
£2,461
Total
£2,996
—
—
—
£2,996
£3,234
**Church Repairs & Maintenance**
2710 - Church major repairs -
installation
£22,700
—
—
—
£22,700
—
Total
£22,700
—
—
—
£22,700
—
**Governance Costs**
2601 - Governance costs
examination/audit fee
£27
—
—
—
£27
—|| |---|---| ||£10,500
—
—
—
£10,500
—| ||£22,700
—
—
—
£22,700
—| ||£22,700
—
—
—
£22,700
—| ||£27
—
—
—
£27
—| |Total|£27
—
—
—
£27
—| |**EXPENDITURE TOTAL**|£52,224
—
—
—
£52,224
£3,234| ||| |**GRAND TOTAL**|(£36,483)
£28,865
—
—
(£7,617)
£682| ## **Conclusion** The Friends has received a small amount of income in 2020 including that derived from interest on the deposit account. The majority of the income has derived from the St James Place Unit Trust portfolio. The other funds generated relates to the growth in value of the St James Place Unit Trust portfolio so it is currently virtual rather than actual income. The trustees are committed to continuing to seek advice regarding the most appropriate, ethical, minimal risk, but beneficial way of investing the funds already held, but also to discover methods of raising new funds. The trustees have also been actively seeking new members. The trustees are pleased to continue supporting the parish church as set out in the constitution. This report dated: 18[th] January, 2021 _Page 6_ ## Friends of St Mary’s Association Trustees Report Year Ended 31[st] December 2020 Signed: (Treasurer) ## **Financial Report Accepted by Trustees on:** _Page 7_ **Friends of St Mary the Virgin Hayes** (Also known as) **Friends of St Mary’s Church Association** Charity Number 1028574 ## **End of Year Financial Statements** **Year ending 31[st] December 2020** Friends of St Mary’s Association Trustees Report Year Ended 31[st] December 2020 The Trustees present their annual report for the year ended 31[st] December 2020 ## **Constitution** Friends of St Mary the Virgin, Hayes, whose working name is ‘Friends of St Mary’s Church Association’, is governed by a constitution adopted on 14[th] October 1993 which was amended on 9[th] November 2011 and registered as a charity on 8[th] December 1993. ## **Objectives and activities** The objects of the charity are to advance the Christian religion through the maintenance, preservation, repair, restoration and improvement of the fabric, fittings, and furniture of the parish church of St Mary the Virgin, Hayes, Middlesex, The church was classified as Grade 2* Listed building on 1[st] November 2011. ## **Sources of funds** Funds are received from donations and legacies from time to time. Income is also received from the investments held under the St James Place Unit Trust Portfolio. ## **Financial position** At the end of the financial year the Friends held funds in cash totalling £25,773 and an investment portfolio valued at £368,365 at year end. ## **Investment policy** The Friends have invested the funds held in the most appropriate, ethical, minimal risk, but beneficial way with St James Place. ## **Structure, governance and management** The trustees who held office during the year are: Fr Nicholas Wheeler (Chair) Mr Sean Kennedy (Secretary) - resigned in May 2020 Mrs Sandrajane Stock (Treasurer) Ms Carol Jobson Mr Alan Lambert Mrs Janette Lawrence Mrs Margaret Littlefield ## **Relationship with parish church** The Friends have been able to help the parish church by continuing to fund some maintenance costs and the Gas and Electricity costs as these help to maintain the fabric of the building ## **Principal address and contact details** Fr Nicholas Wheeler 170 Church Road Hayes _Page 2_ Friends of St Mary’s Association Trustees Report Year Ended 31[st] December 2020 ## Middlesex UB3 2LR ## **Receipts and Payments Account** |**Unrestricted RestrictedEndowment**
**Total Prior year**
**funds**
**funds**
**funds**
**fundstotal funds**|**Unrestricted RestrictedEndowment**
**Total Prior year**
**funds**
**funds**
**funds**
**fundstotal funds**| |---|---| |**Receipts**|| |Planned giving|—
—
—
—
£50| |Other voluntary receipts|£12,899
—
—
£12,899
£90| |Other receipts|£28,865
—
—
£28,865
—| |Investment Income|£2,842
—
—
£2,842
£3,776| |**Total receipts**|**£44,606**
**—**
**—**
**£44,606**
**£3,916**| ||| |**Payments**|| |Cost of generating funds|£10,500
—
—
£10,500
—| |Missionary and Charitable Giving|£16,000
—
—
£16,000
—| |Church Running Expenses|£2,996
—
—
£2,996
£3,234| |Church Repairs & Maintenance|£22,700
—
—
£22,700
—| |Governance Costs|£27
—
—
£27
—| |**Total payments**|**£52,224**
**—**
**—**
**£52,224**
**£3,234**| ||| |**Excess of receipts over payments before**
**transfer**|**(£7,617)**
**—**
**—**
**(£7,617)**
**£682**| ||| |**Transfers**|| |**Excess of receipts over payments before**
**other gains / losses**|**(£7,617)**
**—**
**—**
**(£7,617)**
**£682**| ||| |**Net movement in funds**|**(£7,617)**
**—**
**—**
**(£7,617)**
**£682**| ||| |**Excess of receipts over payments at**
**beginning of year**|**£401,756**
**—**
**—**
**£401,756**
**£401,073**| ||| |**Excess of receipts over payments for the**
**year**|**£394,138**
**—**
**—**
**£394,138**
**£401,756**| ||| |**Represented by**|| ||| |**Unrestricted**|| |General fund|£365,273
—
—
£365,273
£401,756| ||| |**Designated**|| |St James Place Unit Trust|£28,865
—
—
£28,865
—| _Page 3_ Friends of St Mary’s Association Trustees Report Year Ended 31[st] December 2020 ## **Balance sheet** |**Class and code**
**Description**|**This year**
**Last year**| |---|---| ||| ||| |**Current assets**|| |6501
Friends current account|£14,511
£4,532| |6505
Friends deposit account|£11,262
£397,223| |6511
St James Place Unit Trust|£368,365
—| |**Total Current assets**|**£394,138**
**£401,756**| ||| |**Reserves**|| |Excess / (defcit) to date|(£7,617)
£384,890| |Z01
Starting balances|£401,756
£16,865| |**Total Reserves**|**£394,138**
**£401,756**| ||| ||| |**Represented by funds**|| |Unrestricted|£365,273
£401,756| |Designated|£28,865
—| |Restricted|—
—| |Endowment|—
—| |**Total**|**£394,138**
**£401,756**| ## **Statement of assets and liabilities** **GeneralDesignatedRestrictedEndowmentThis year Last** ||**GeneralDesignatedRestrictedEndowmentThis year**
**Last**| |---|---| |**year**|| |**Current assets - Cash at bank and in**
**hand**|| |Friends current account -|£354,011
—
(£339,500)
—
£14,511
£4,532| |Friends deposit account -|£11,262
—
—
—
£11,262
£397,223| |**Totals**|**£365,273**
**—**
**(£339,500**
**)**
**—**
**£25,773**
**£401,756**| ||| |**Current assets - Investments**|| |St James Place Unit Trust -|—
£28,865
£339,500
—
£368,365
—| |**Totals**|**—**
**£28,865**
**£339,500**
**—**
**£368,365**
**—**| _Page 4_ ## Friends of St Mary’s Association Trustees Report Year Ended 31[st] December 2020 **Grand total £365,273 £28,865 — — £394,138 £401,756** ## **Fund movement by type** ## **Opening Incoming Outgoing TransfersGains/losses Closing** |**Investment - St James Place Unit**||||||| |---|---|---|---|---|---|---| |Designated|—|£28,865|—|—|—|£28,865| |**Sub-total for Investment**|**—**|**£28,865**|**—**|**—**|**—**|**£28,865**| |**General - General fund**||||||| |Unrestricted|£401,756|£15,741|£52,224|—|—|£365,273| |**Sub-total for General**|**£401,756**|**£15,741**|**£52,224**|**—**|**—**|**£365,273**| |**Grand total**|**£401,756**|**£44,606**|**£52,224**|**—**|**—**|**£394,138**| |||||||| ## **Analysis of receipts and payments** |**Total**
**Unrestricted**
**Designated**
**Restricted**
**Endowment**
**This year**
**Last year**
**INCOME AND ENDOWMENTS**
**Planned giving**
0201 - Other planned giving
—
—
—
—
—
£50
Total
—
—
—
—
—
£50
**Other voluntary receipts**
0550 - Donations appeals etc
—
—
—
—
—
£90
08A1 - Non-recurring one-of
grants
£12,899
—
—
—
£12,899
—
Total
£12,899
—
—
—
£12,899
£90
**Other receipts**
0901 - Other funds generated
—
£28,865
—
—
£28,865
—
Total
—
£28,865
—
—
£28,865
—
**Investment Income**
1001 - Dividends
£2,803
—
—
—
£2,803
£3,578
1020 - Bank and building society
interest
£38
—
—
—
£38
£198|**Total**
**Unrestricted**
**Designated**
**Restricted**
**Endowment**
**This year**
**Last year**
**INCOME AND ENDOWMENTS**
**Planned giving**
0201 - Other planned giving
—
—
—
—
—
£50
Total
—
—
—
—
—
£50
**Other voluntary receipts**
0550 - Donations appeals etc
—
—
—
—
—
£90
08A1 - Non-recurring one-of
grants
£12,899
—
—
—
£12,899
—
Total
£12,899
—
—
—
£12,899
£90
**Other receipts**
0901 - Other funds generated
—
£28,865
—
—
£28,865
—
Total
—
£28,865
—
—
£28,865
—
**Investment Income**
1001 - Dividends
£2,803
—
—
—
£2,803
£3,578
1020 - Bank and building society
interest
£38
—
—
—
£38
£198| |---|---| ||—
—
—
—
—
£50| ||—
—
—
—
—
£50
—
—
—
—
—
£90| ||£12,899
—
—
—
£12,899
—| ||£12,899
—
—
—
£12,899
£90| ||—
£28,865
—
—
£28,865
—| ||—
£28,865
—
—
£28,865
—
£2,803
—
—
—
£2,803
£3,578| ||£38
—
—
—
£38
£198| |Total|£2,842
—
—
—
£2,842
£3,776| |**INCOME TOTAL**|£15,741
£28,865
—
—
£44,606
£3,916| _Page 5_ ## Friends of St Mary’s Association Trustees Report Year Ended 31[st] December 2020 ## **EXPENDITURE** |**Cost of generating funds**
1740 - Investment management
costs
£10,500
—
—
—
£10,500
—
Total
£10,500
—
—
—
£10,500
—
**Missionary and Charitable Giving**
1802 - Donation to Church
£16,000
—
—
—
£16,000
—
Total
£16,000
—
—
—
£16,000
—
**Church Running Expenses**
2401 - Church running - electric
£1,280
—
—
—
£1,280
£772
2410 - Church running - gas
£1,715
—
—
—
£1,715
£2,461
Total
£2,996
—
—
—
£2,996
£3,234
**Church Repairs & Maintenance**
2710 - Church major repairs -
installation
£22,700
—
—
—
£22,700
—
Total
£22,700
—
—
—
£22,700
—
**Governance Costs**
2601 - Governance costs
examination/audit fee
£27
—
—
—
£27
—|| |---|---| ||£10,500
—
—
—
£10,500
—| ||£22,700
—
—
—
£22,700
—| ||£22,700
—
—
—
£22,700
—| ||£27
—
—
—
£27
—| |Total|£27
—
—
—
£27
—| |**EXPENDITURE TOTAL**|£52,224
—
—
—
£52,224
£3,234| ||| |**GRAND TOTAL**|(£36,483)
£28,865
—
—
(£7,617)
£682| ## **Conclusion** The Friends has received a small amount of income in 2020 including that derived from interest on the deposit account. The majority of the income has derived from the St James Place Unit Trust portfolio. The other funds generated relates to the growth in value of the St James Place Unit Trust portfolio so it is currently virtual rather than actual income. The trustees are committed to continuing to seek advice regarding the most appropriate, ethical, minimal risk, but beneficial way of investing the funds already held, but also to discover methods of raising new funds. The trustees have also been actively seeking new members. The trustees are pleased to continue supporting the parish church as set out in the constitution. This report dated: 18[th] January, 2021 _Page 6_ ## Friends of St Mary’s Association Trustees Report Year Ended 31[st] December 2020 Signed: (Treasurer) ## **Financial Report Accepted by Trustees on:** _Page 7_ IndepEndeTrt Examiner's Report to the MeMber￿f￿St￿$ of the TrTiend• ofst MAry'J Ch¥r¢h A&qotIatio￿ H*yts- Ch*rity N& 11)2&fj74 l ontk for th¢ytscrthd 31° Dettmlv202Outhith￿ 5elout Fintincioj Stsfrffj¢nL Resp¢ttJve mp)DJibUldu ofthe Ttrtysteu lDdopendent Eu*l*er As InL%t¢¢s of th¢ ¢h*ity, the Tn￿ of The Pri¢th of St. Mary'5 Chwth As%>Cl￿]0[U Hayes e resp)rn%ibJe for Ihc pr¢rthtion af Ik acco￿8. Thcy cotLSi(krthrf an audil is rrf)I rryuired foT this ytar un(kr 5wiion 144(2)oC& chwill￿ Ad 20111thtt 2011 A¢t) wjd iNkFth ¢xaminRtLoll i5 ￿ethd. It is my resrrtwibility to • lua]ni￿ the llccounts uJths¢¢tx)n 145 of tk 2011 AeL • Fulknw thc pnKedur¢s laid (k)wn in the CJuKrn] ithrry¢iC￿ 8iv¢n ty th¢Charity Commi￿lOnC[S s¢¢lion 14515Xb) 2011 A¢. • Sw¢ wh¢therT•rtivJltr mhtt¢TS hNv¢ LXMllC kn my allWUithL Bajk ofind¢pend¢nt F.xam1￿r.I StAt*th¢nt My ¢xominalion way caryi¢d otsi in atc(wdthKc with ￿ (rn¢rnt dir¢thiorva8iveth by th¢ Chotity CoJllmi.¥siun. An¢x&minwion incl￿￿ a r¢vi¢w ofthe a￿￿11￿8 reeo¥ds kept ty charkty 4 ￿)Mp￿rI%1rt of ihc attourtts we3ellt¢d with ThY>rd8. 11 thlyA) in¢lth conyi&7ation Dfany unuyuul il¢m¥ ordi$¢losure$ in Ik wjd s¢ekir¥ ¢xplOnthtit￿y from Ihe mpjwmcnl 4Y)mmill¢¢ eonc¢rnin8 atty Yuch m￿1¢￿ IIK uThkrtJkn &) pmvi(k' ull i ¢vt(l¢n¢¢ thai woul¢J bc ￿quirty1 in a full a*liL l &) &Lxlil opin on Ihe Ind•pendtJi¢ Lx*wlntr'5 %1atem¢n¢ In conn¢Llion with my ¢X4miWIo￿ tomc to my ￿leMM l. Whi¢h Bive mc rrwnobjc t(> in any mrd¢rial re4*cts Iht r¢quI￿ • 'Jo ke¢p f*ciTrunlin8 T¢Q)rd4 in ￿t0[￿a￿¢ wilh 2011 Ad: or mei- or 2. Ti) whiclL i# myopirtioTh ollenliim sI￿ld k ¢Jmtrm in or&rtoawb]e 4 ufih¢ ￿l￿MMIS lo Slgned: /. o/- aoa/ Dtttn¢ Sh 78T¢rer￿¢ Aven Pix>k B1117 9ts