**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 2021** Friends of St Mary’s Association Trustees Report Year Ended 31[st] December 2021 ## **Introduction** The Trustees present their annual report for the year ended 31[st] December 2021 ## **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 totaling £46,339 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) 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 this helps to maintain the fabric of the building. In the last year the Friends have also helped with the organ rebuild in St Mary’s as this is part of the fabric of the building. ## **Principal address and contact details** Fr Nicholas Wheeler 170 Church Road Hayes Middlesex UB3 2LR _Page | 2_ Friends of St Mary’s Association Trustees Report Year Ended 31[st] December 2021 ## **Receipts and Payments Account** ||**GeneralDesignated Restricted**
**Total Prior year**
**funds**
**funds**
**funds**
**fundstotal funds**| |---|---| |**Receipts**|| |Other voluntary receipts|34,615.52
—
—
34,615.52
12,899.01| |Other receipts|3,763.60
—
—
3,763.60
29,311.44| |Investment Income|1.60
—
—
1.60
2,842.16| |**Total receipts**|**38,380.72**
**—**
**—**
**38,380.72**
**45,052.61**| ||| |**Payments**|| |Cost of generating funds|—
—
—
—
10,500.00| |Missionary and Charitable Giving|—
—
—
—
16,000.00| |Church Running Expenses|2,774.99
—
—
2,774.99
2,996.21| |Church Repairs & Maintenance|15,401.76
—
—
15,401.76
22,700.88| |Governance Costs|23.74
—
—
23.74
27.19| |**Total payments**|**18,200.49**
**—**
**—**
**18,200.49**
**52,224.28**| ||| |**Surplus for the year**|**20,180.23**
**—**
**—**
**20,180.23**
**(7,171.67**
**)**| ||| |**Transfers**|| |Gross transfers between funds - out|(339,500.0
0)
—
339,500.0
0
—
—| |**Excess of receipts over payments before**
**other gains / losses**|**(319,319.**
**77)**
**—**
**339,500.0**
**0**
**20,180.23**
**(7,171.67**
**)**| ||| |**Net movement in funds after transfers**|**(319,319.**
**77)**
**—**
**339,500.0**
**0**
**20,180.23**
**(7,171.67**
**)**| ||| |**Total funds brought forward**|**365,719.4**
**8**
**28,865.21**
**—**
**394,584.6**
**9**
**401,756.3**
**6**| ||| |**Total funds carried forward**|**46,399.71**
**28,865.21**
**339,500.0**
**0**
**414,764.9**
**2**
**394,584.6**
**9**| ||| |**Represented by**|| ||| |**Unrestricted**|| |General fund|46,399.71
—
—
46,399.71
365,719.4
8| ||| |**Designated**|| |St James Place Unit Trust|—
28,865.21
—
28,865.21
28,865.21| ||| |**Restricted**|| |St James Place Unit Trust|—
—
339,500.0
0
339,500.0
0
—| ||| |**Balance sheet**
**Class and code**
**Description**
**Thisyear**
**Lastyear**
**Current assets**
6501
Friends current account
11,135.99
14,957.36
6505
Friends deposit account
35,263.72
11,262.12|**Thisyear**
**Lastyear**| ||| ||| ||| _Page | 3_ ## Friends of St Mary’s Association Trustees Report Year Ended 31[st] December 2021 |6511
St James Place Unit Trust|368,365.2
1
368,365.2
1| |---|---| |**Total Current assets**|**414,764.9**
**2**
**394,584.6**
**9**| ||| |**Reserves**|| |Excess / (defcit) to date|20,180.23
(7,171.67)| |Z01
Starting balances|394,584.6
9
401,756.3
6| |**Total Reserves**|**414,764.9**
**2**
**394,584.6**
**9**| ||| ||| |**Represented by funds**|| |Unrestricted|46,399.71
365,719.4
8| |Designated|28,865.21
28,865.21| |Restricted|339,500.0
0
—| |Endowment|—
—| |**Total**|**414,764.9**
**2**
**394,584.6**
**9**| ||| ## **Statement of assets and liabilities** **GeneralDesignatedRestrictedEndowmentThis year Last** ||**GeneralDesignatedRestrictedEndowmentThis year**
**Last**| |---|---| |**year**|| |**Current assets - Cash at bank and in**
**hand**|| |Friends current account -|11,135.99
339,500.00
(339,500.0
0)
—
11,135.99
14,957.36| |Friends deposit account -|35,263.72
—
—
—
35,263.72
11,262.12| |**Totals**|**46,399.71**
**339,500.0**
**0**
**(339,500.**
**00)**
**—**
**46,399.71**
**26,219.48**| ||| |**Current assets - Investments**|| |St James Place Unit Trust -|—
(310,634.7
9)
679,000.00
—
368,365.21
368,365.21| |**Totals**|**—**
**(310,634.**
**79)**
**679,000.0**
**0**
**—**
**368,365.2**
**1**
**368,365.2**
**1**| ||| |**Grand total**|**46,399.71**
**28,865.21**
**339,500.0**
**0**
**—**
**414,764.9**
**2**
**394,584.6**
**9**| ||| ## **Fund movement by type** ## **Opening Incoming Outgoing TransfersGains/losses Closing** ||**Opening Incoming Outgoing TransfersGains/losses Closing**| |---|---| |**Investment - St James Place Unit**|| |Designated|28,865.21
—
—
—
—
28,865.21| |Restricted|—
—
—
339,500.00
—
339,500.00| |**Sub-total for Investment**|**28,865.21**
**—**
**—**
**339,500.0**
**0**
**—**
**368,365.2**
**1**| ||| |**General - General fund**|| |Unrestricted|365,719.48
38,380.72
18,200.49
(339,500.0
0)
—
46,399.71| |**Sub-total for General**|**365,719.4**
**8**
**38,380.72**
**18,200.49**
**(339,500.**
**00)**
**—**
**46,399.71**| ||| _Page | 4_ ## Friends of St Mary’s Association Trustees Report Year Ended 31[st] December 2021 |**Grand total**|**394,584.6**
**9**
**38,380.72**
**18,200.49**
**—**
**—**
**414,764.9**
**2**| |---|---| ||| ## **Analysis of receipts and payments** |||| |---|---|---| |||—
—
—
—
—
12,899.01| |||34,615.52
—
—
—
34,615.52
12,899.01| |||3,763.60
—
—
—
3,763.60
29,311.44| |||3,763.60
—
—
—
3,763.60
29,311.44
—
—
—
—
—
2,803.42| |||1.60
—
—
—
1.60
38.74| ||Total|1.60
—
—
—
1.60
2,842.16| ||**INCOME TOTAL**|38,380.72
—
—
—
38,380.72
45,052.61| ||**EXPENDITURE**
**Cost of generating funds**
1740 - Investment management
costs
—
—
—
—
—
10,500.00
Total
—
—
—
—
—
10,500.00
**Missionary and Charitable Giving**
1802 - Donation to Church
—
—
—
—
—
16,000.00
Total
—
—
—
—
—
16,000.00
**Church Running Expenses**
2401 - Church running - electric
1,128.43
—
—
—
1,128.43
1,280.30
2410 - Church running - gas
1,646.56
—
—
—
1,646.56
1,715.91
Total
2,774.99
—
—
—
2,774.99
2,996.21|| |||—
—
—
—
—
10,500.00| |||—
—
—
—
—
16,000.00| |||—
—
—
—
—
16,000.00
1,128.43
—
—
—
1,128.43
1,280.30| |||1,646.56
—
—
—
1,646.56
1,715.91| |||2,774.99
—
—
—
2,774.99
2,996.21| _Page | 5_ ## Friends of St Mary’s Association Trustees Report Year Ended 31[st] December 2021 |**Church Repairs & Maintenance**
2710 - Church major repairs -
installation
15,401.76
—
—
—
15,401.76
22,700.88
Total
15,401.76
—
—
—
15,401.76
22,700.88
**Governance Costs**
2601 - Governance costs
examination/audit fee
23.74
—
—
—
23.74
27.19|**Church Repairs & Maintenance**
2710 - Church major repairs -
installation
15,401.76
—
—
—
15,401.76
22,700.88
Total
15,401.76
—
—
—
15,401.76
22,700.88
**Governance Costs**
2601 - Governance costs
examination/audit fee
23.74
—
—
—
23.74
27.19| |---|---| ||15,401.76
—
—
—
15,401.76
22,700.88| ||15,401.76
—
—
—
15,401.76
22,700.88| ||23.74
—
—
—
23.74
27.19| |Total|23.74
—
—
—
23.74
27.19| |**EXPENDITURE TOTAL**|18,200.49
—
—
—
18,200.49
52,224.28| ||| |**GRAND TOTAL**|20,180.23
—
—
—
20,180.23
(7,171.67)| ## **Conclusion** The Friends has received a small amount of income in 2021 including that derived from interest on the deposit account. Most 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 Friends have also benefitted by £34,545 in legacies in 2021. 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: 31[st] January 2022 Signed: (Treasurer) _Page | 6_ Friends of St Mary's Association Trustees Report Year Ended 31" December 2021 Page17 **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 2021** Friends of St Mary’s Association Trustees Report Year Ended 31[st] December 2021 ## **Introduction** The Trustees present their annual report for the year ended 31[st] December 2021 ## **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 totaling £46,339 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) 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 this helps to maintain the fabric of the building. In the last year the Friends have also helped with the organ rebuild in St Mary’s as this is part of the fabric of the building. ## **Principal address and contact details** Fr Nicholas Wheeler 170 Church Road Hayes Middlesex UB3 2LR _Page | 2_ Friends of St Mary’s Association Trustees Report Year Ended 31[st] December 2021 ## **Receipts and Payments Account** ||**GeneralDesignated Restricted**
**Total Prior year**
**funds**
**funds**
**funds**
**fundstotal funds**| |---|---| |**Receipts**|| |Other voluntary receipts|34,615.52
—
—
34,615.52
12,899.01| |Other receipts|3,763.60
—
—
3,763.60
29,311.44| |Investment Income|1.60
—
—
1.60
2,842.16| |**Total receipts**|**38,380.72**
**—**
**—**
**38,380.72**
**45,052.61**| ||| |**Payments**|| |Cost of generating funds|—
—
—
—
10,500.00| |Missionary and Charitable Giving|—
—
—
—
16,000.00| |Church Running Expenses|2,774.99
—
—
2,774.99
2,996.21| |Church Repairs & Maintenance|15,401.76
—
—
15,401.76
22,700.88| |Governance Costs|23.74
—
—
23.74
27.19| |**Total payments**|**18,200.49**
**—**
**—**
**18,200.49**
**52,224.28**| ||| |**Surplus for the year**|**20,180.23**
**—**
**—**
**20,180.23**
**(7,171.67**
**)**| ||| |**Transfers**|| |Gross transfers between funds - out|(339,500.0
0)
—
339,500.0
0
—
—| |**Excess of receipts over payments before**
**other gains / losses**|**(319,319.**
**77)**
**—**
**339,500.0**
**0**
**20,180.23**
**(7,171.67**
**)**| ||| |**Net movement in funds after transfers**|**(319,319.**
**77)**
**—**
**339,500.0**
**0**
**20,180.23**
**(7,171.67**
**)**| ||| |**Total funds brought forward**|**365,719.4**
**8**
**28,865.21**
**—**
**394,584.6**
**9**
**401,756.3**
**6**| ||| |**Total funds carried forward**|**46,399.71**
**28,865.21**
**339,500.0**
**0**
**414,764.9**
**2**
**394,584.6**
**9**| ||| |**Represented by**|| ||| |**Unrestricted**|| |General fund|46,399.71
—
—
46,399.71
365,719.4
8| ||| |**Designated**|| |St James Place Unit Trust|—
28,865.21
—
28,865.21
28,865.21| ||| |**Restricted**|| |St James Place Unit Trust|—
—
339,500.0
0
339,500.0
0
—| ||| |**Balance sheet**
**Class and code**
**Description**
**Thisyear**
**Lastyear**
**Current assets**
6501
Friends current account
11,135.99
14,957.36
6505
Friends deposit account
35,263.72
11,262.12|**Thisyear**
**Lastyear**| ||| ||| ||| _Page | 3_ ## Friends of St Mary’s Association Trustees Report Year Ended 31[st] December 2021 |6511
St James Place Unit Trust|368,365.2
1
368,365.2
1| |---|---| |**Total Current assets**|**414,764.9**
**2**
**394,584.6**
**9**| ||| |**Reserves**|| |Excess / (defcit) to date|20,180.23
(7,171.67)| |Z01
Starting balances|394,584.6
9
401,756.3
6| |**Total Reserves**|**414,764.9**
**2**
**394,584.6**
**9**| ||| ||| |**Represented by funds**|| |Unrestricted|46,399.71
365,719.4
8| |Designated|28,865.21
28,865.21| |Restricted|339,500.0
0
—| |Endowment|—
—| |**Total**|**414,764.9**
**2**
**394,584.6**
**9**| ||| ## **Statement of assets and liabilities** **GeneralDesignatedRestrictedEndowmentThis year Last** ||**GeneralDesignatedRestrictedEndowmentThis year**
**Last**| |---|---| |**year**|| |**Current assets - Cash at bank and in**
**hand**|| |Friends current account -|11,135.99
339,500.00
(339,500.0
0)
—
11,135.99
14,957.36| |Friends deposit account -|35,263.72
—
—
—
35,263.72
11,262.12| |**Totals**|**46,399.71**
**339,500.0**
**0**
**(339,500.**
**00)**
**—**
**46,399.71**
**26,219.48**| ||| |**Current assets - Investments**|| |St James Place Unit Trust -|—
(310,634.7
9)
679,000.00
—
368,365.21
368,365.21| |**Totals**|**—**
**(310,634.**
**79)**
**679,000.0**
**0**
**—**
**368,365.2**
**1**
**368,365.2**
**1**| ||| |**Grand total**|**46,399.71**
**28,865.21**
**339,500.0**
**0**
**—**
**414,764.9**
**2**
**394,584.6**
**9**| ||| ## **Fund movement by type** ## **Opening Incoming Outgoing TransfersGains/losses Closing** ||**Opening Incoming Outgoing TransfersGains/losses Closing**| |---|---| |**Investment - St James Place Unit**|| |Designated|28,865.21
—
—
—
—
28,865.21| |Restricted|—
—
—
339,500.00
—
339,500.00| |**Sub-total for Investment**|**28,865.21**
**—**
**—**
**339,500.0**
**0**
**—**
**368,365.2**
**1**| ||| |**General - General fund**|| |Unrestricted|365,719.48
38,380.72
18,200.49
(339,500.0
0)
—
46,399.71| |**Sub-total for General**|**365,719.4**
**8**
**38,380.72**
**18,200.49**
**(339,500.**
**00)**
**—**
**46,399.71**| ||| _Page | 4_ ## Friends of St Mary’s Association Trustees Report Year Ended 31[st] December 2021 |**Grand total**|**394,584.6**
**9**
**38,380.72**
**18,200.49**
**—**
**—**
**414,764.9**
**2**| |---|---| ||| ## **Analysis of receipts and payments** |||| |---|---|---| |||—
—
—
—
—
12,899.01| |||34,615.52
—
—
—
34,615.52
12,899.01| |||3,763.60
—
—
—
3,763.60
29,311.44| |||3,763.60
—
—
—
3,763.60
29,311.44
—
—
—
—
—
2,803.42| |||1.60
—
—
—
1.60
38.74| ||Total|1.60
—
—
—
1.60
2,842.16| ||**INCOME TOTAL**|38,380.72
—
—
—
38,380.72
45,052.61| ||**EXPENDITURE**
**Cost of generating funds**
1740 - Investment management
costs
—
—
—
—
—
10,500.00
Total
—
—
—
—
—
10,500.00
**Missionary and Charitable Giving**
1802 - Donation to Church
—
—
—
—
—
16,000.00
Total
—
—
—
—
—
16,000.00
**Church Running Expenses**
2401 - Church running - electric
1,128.43
—
—
—
1,128.43
1,280.30
2410 - Church running - gas
1,646.56
—
—
—
1,646.56
1,715.91
Total
2,774.99
—
—
—
2,774.99
2,996.21|| |||—
—
—
—
—
10,500.00| |||—
—
—
—
—
16,000.00| |||—
—
—
—
—
16,000.00
1,128.43
—
—
—
1,128.43
1,280.30| |||1,646.56
—
—
—
1,646.56
1,715.91| |||2,774.99
—
—
—
2,774.99
2,996.21| _Page | 5_ ## Friends of St Mary’s Association Trustees Report Year Ended 31[st] December 2021 |**Church Repairs & Maintenance**
2710 - Church major repairs -
installation
15,401.76
—
—
—
15,401.76
22,700.88
Total
15,401.76
—
—
—
15,401.76
22,700.88
**Governance Costs**
2601 - Governance costs
examination/audit fee
23.74
—
—
—
23.74
27.19|**Church Repairs & Maintenance**
2710 - Church major repairs -
installation
15,401.76
—
—
—
15,401.76
22,700.88
Total
15,401.76
—
—
—
15,401.76
22,700.88
**Governance Costs**
2601 - Governance costs
examination/audit fee
23.74
—
—
—
23.74
27.19| |---|---| ||15,401.76
—
—
—
15,401.76
22,700.88| ||15,401.76
—
—
—
15,401.76
22,700.88| ||23.74
—
—
—
23.74
27.19| |Total|23.74
—
—
—
23.74
27.19| |**EXPENDITURE TOTAL**|18,200.49
—
—
—
18,200.49
52,224.28| ||| |**GRAND TOTAL**|20,180.23
—
—
—
20,180.23
(7,171.67)| ## **Conclusion** The Friends has received a small amount of income in 2021 including that derived from interest on the deposit account. Most 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 Friends have also benefitted by £34,545 in legacies in 2021. 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: 31[st] January 2022 Signed: (Treasurer) _Page | 6_ Friends of St Mary's Association Trustees Report Year Ended 31" December 2021 Page17 Indepelldent Examiner's Report fo the Member5rrruste¢4 of th¢ Fricnds of St Mary's Chmrch Association, Hayes- Registered Charity No. 1028574 I report on the accounts for the year ended 31" December 2021 which are set out in the Financtal Statement. Respecti¥e responsibilities of the Trustees and Independent Examiner As trustees of the charity, the Trustees of The Friends of St. Ma￿S Church Association. Hayes are responsible for the preparation of the accounts. They consider that an audFt is not reqtsi￿d for this year under section 144121 of the Charities Act 2011 Ithe 2011 Actl and that an independent examination is needed. It is my responsibility to Examine the accounts UT￿er section 145 of 2011 Art: Follow the procedures laid down in the General directions given by the Charity Commissioners section 14515llbl of the 2011 Act. Slate whether particular matters have come io my attentlon. Basls of Independent Examlnerfs Statement My examinatlon was carried out in accordance with the General dirertions Kiven by the Charity Commission. An examlnation includes a review of the attounting records kept by the charity and a compari50n of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the management committee concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in a full audit, at)d consequently I do not express an audit opinion on the accounts. Independent Exarnlnerfs Slatenwnt In connection with my examination, no matters have come to my attentlon l. Which give me reasonable cause to believe that in any material respects the requirements To keep accounting records in ￿CordanCe with s.13(bf the 2011 Act; or To prepare accounts which accord with these accounting records have not been met- or 2. To which, in my opinton, attention should be drawn in order to enable a proper U￿lerStsndln8 of the accounts to be reached. Date: 3/alao Diane Sharp 7a Terence Avenue PLh)le Dorset BH17 gLS