Mary Atwood's Churches' Charity (A Registered Charity)
Accounts for the year ended 5 April 2025
Registered charity number: 1076260
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Mary Atwood's Churches’ Charity
Charity information
Trustees
Name
G C Cornelius N M Bowles MS R Griffiths
Charity number 1076260
Principal address
Bankers
Solicitors
Independent examiners
Williamson & Barnes 12-14 Queen Street Deal Kent CT14 6EU
CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ
Williamson & Barnes 12-14 Queen Street Deal Kent CT14 6EU
Kreston Reeves LLP 37 St Margaret's Street Canterbury Kent CT1 2TU
2
Mary Atwood’s Churches' Charity
Trustees’ report
for the year ended 5 April 2025
The Trustees present their report and accounts for the year ended 5 April 2025.
Constitution
The Charity was established by the Will dated 27 July 1995 of Mary Irene Atwood late of Katoomba, 19 St George's Road, Sandwich, Kent, who died on 9 November 1995, proved by the Executors, David George Downes and Geoffrey Clark Comelius in the District Probate Registry at Brighton on 11 December 1995. The Charity was registered on 24 June 1999 with the number 1076260.
Objects of the Charity, principal activities and organisation of our work
The Charity's objects are:-
-
a. to pay one half of the annual income of the Charity to the Parochial Church Council of Sandwich for the maintenance repair or improvement of the fabric of St Clements Church, Sandwich.
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b. to pay one half of the annual income of the Charity to the Parochial Church Council of Ash-with-Westmarsh for the maintenance repair or improvement of the fabric of St Nicholas Church, Ash.
The Charity is organised with the Trustees meeting regularly to manage its affairs.
When planning our activities the Trustees have considered the Charities Commission guidance on public benefit.
Development, activities and achievements this year
The Charity has distributed its income for the year to 5 April 2025 to the Parochial Church Councils of Sandwich and Ash.
Reserves policy
The General Fund is used for the day to day running of the Charity. The balance is regularly distributed to the Churches. The Capital Fund is used for generating the income and as such is not for distribution.
Financial review
At the period end, there was a balance in the General Fund of £7,229 (2024: £9,806), and a balance in the Capital Fund of £31,523 (2024 - £50,855)
Risk management
The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems are in place to mitigate exposure to the major risks.
Investment powers
The Trustees have the power to invest Trust money as they in their absolute discretion think fit. The Trustees take regular stockbrokers' advice. Details of the investments held are set out in the annexed Accounts.
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Mary Atwood’s Churches' Charity
Trustees' report
for the year ended 5 April 2025
Approval
This report was approved by the Trustees and signed on their behalf by:-
eae om a.
M.S.R Griffiths
Trustee j =m fi 7 / aL SX, Date: "4 .
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Mary Atwood’s Churches’ Charity
Independent Examiner's report to the Trustees
of Mary Atwood's Churches’ Charity
- | report to the Charity's Trustees on my examination of the accounts of the Charity for the year ended 5 April 2025 which are set out on pages6 to 8.
This report is made solely to the Charity's Trustees, as a body, in accordance with section 145 of the Charities Act 2011 and regulations made under section 154 of that Act. My work has been undertaken so that | might state to the Charity's Trustees those matters | am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, | do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report. Responsibilities and basis of report
As the Trustee of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’). | report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination | have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examiner's statement
| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
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the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
if 4 f 0? [hve lan eeves AG
Michael Dyer ACA MAAT Kreston Reeves LLP eagleDate: (518 December 2025
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Mary Atwood's Churches’ Charity
Receipts and payments for the year ended 5 April 2025
| Receipts and payments for the year ended 5 April 2025 |
|||
|---|---|---|---|
| 2025 | 2024 | ||
| General Fund | Note | £ | £ |
| Income Receipts | |||
| From charitable assets: | |||
| - dividends and distributions less accrued interest - untaxed interest and dividends |
62,567.34 3,979.98 |
63,280.21 3,898.70 |
|
| 66,547.32 | 67,178.91 | ||
| Payments | |||
| Professional fees Legalfees Payments made to churches: |
1,140.00 990.00 |
1,080.00 990.00 |
|
| -PCC ofSt Nicholas ChurchAsh -PCC ofSandwich (St Clements) Bank charges |
33,317.32 33,317.30 71.25 |
31,933.80 31,934.12 70.50 |
|
| 68,835.87 | 66,008.42 | ||
| Other receipts and payments in relation to MaryAtwood's | |||
| St Clement's Church Charity | 4 | ||
| Receipts Payments |
255.80 (254.28) |
250.79 (250.79) |
|
| 1.52 | - | ||
| Net receipts/(payments) fortheyear Bank balanceat 6 April2024 Nettransfers to/from Capital Fund |
(2,287.03) 9,806.38 (290.00) |
1,170.49 9,045.89 (410.00) |
|
| Bank balance at 5 April 2025 | 7,229.35 | 9,806.38 | |
| Capital Fund | |||
| Receipts | |||
| Sale ofstocks & shares Cash contribution on liquidation Final maturity Interest |
1 | 58,727.79 - 64,309.91 1,290.25 |
32,000.00 235.02 - 680.03 |
| Payments | 124,327.95 | 32,915.05 | |
| Stock purchases Dealing fees |
2 | 143,370.69 580.00 |
- 605.00 |
| Net receipts/(payments) fortheyear Bank balances at 6 April2024 Transfers to/from Income Fund |
(19,622.74) 50,855.44 290.00 |
32,310.05 18,135.39 410.00 |
|
| Bank balances at 5 April 2025 | 31,522.70 | 50,855.44 | |
| Totalbankbalancesat5April2025 | 38,752.05 | 60,661.82 |
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Mary Atwood's Churches’ Charity
Statement of assets and liabilities for the year ended 5 April 2025
| Statement of assetsassets and liabilities for thethe year endedended 5 April 2025 |
||||
|---|---|---|---|---|
| 2025 | 2024 | |||
| Note | ||||
| Monetary assets | ||||
| CAFAccount CAF GoldAccount DepositAccount |
7,229.35 6,827.97 24,694.76 |
9,806.38 6,378.56 44,476.88 |
||
| 38,752.05 | 60,661.82 | |||
| InvestmentAssets | ||||
| COIF Income shares@ 1948.06p (31/03/24 2043.26p) pershare (value 31/03/25) (cost£90,037.17) Stocks and shares perRedmayne Bentley valuation 05/04/25 -(Cost/probate value£931,216.3) |
3 | 144,256.74 1,477,492.13 |
145,409.62 1,413,722.00 |
|
| 1,621,748.87 | 1,559, 131.62 | |||
| Current liabilities | ||||
| Professional fees Due to MaryAtwood's St Clement's Church Charity |
1,200.00 64.72 |
1,140.00 63.20 |
||
| 1,264.72 | 1,203.20 |
The financial statements were approved by the Trustees and signed on their behalf by:
———— _ Za <a
M.S.R Griffiths
Trustee
Date:
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Mary Atwood's Churches' Charity
| Appendix | to the accounts | ||
|---|---|---|---|
| forthe yearended 5 April 2025 | |||
| Note 1 Sale | ofstocks andshares | 2025 | 2024 |
| Perbroker | 58,728 | 32,000 | |
| 58,728 | 32,000 | ||
| Note 2 Purchase ofstocks and shares | |||
| Perbroker | 143,370.69 | : | |
| 143,370.69 | 0 | ||
| Note 3 Investment valuations | 2025 | 2025 | |
| Holding | Details | Cost/Probate Valuation | Market Value |
| 30,000 85,000 40,000 31,480 1,800 2,175 2,000 7,200 3,836 5,000 6,428 5,331 4,062 10,500 1,740 4,500 2.714 762 17,250 29,400 6,575 3,625 5,739 7,262 6,310 14,250 62,956 1,850 20,875 10,500 4,500 27,000 32,500 |
UKGov(LSE)0.375%BDSGBP1000 UKGov(LSE) 1.25% GILTGBP1 UKGov0.125%SNRDBS GBP1000 MarstonsOrd 7.37p Unilever PlcOrd £0.031111 Haleon PLC Ord £0.01 Diageo Ord£0.28 101/108 BP Ord$0.25 Shell Transport &Trading CoOrd€0.07 HSBC HoldingsPLCORDUSD£0.50 Standard CharteredBank Ord $0.50 Abrdn PLC OrdGBP0.1396825396 Aviva Ord£0,328947368 M&G PLC Ord£0.05 GSKPLC RelxPLC GBP0.1444 Compass Group Ord£0.1105 RioTinto Ord £0.10 BTGroupORD £0.05 Vodafone Group Ord $0.2095238 CentricaORD£0.061728395 Scottish &Southern Energy£0.50 United UtilitiesGroup PleOrd £0.05 National GridTransco Ord£0.12431289 MerchantsTrust Ord £0.25 Temple Bar InvestmentTrustOrd£0.05 JP Morgan European Investment Trust IncShares£0,005 BHP Billiton Plc$0.50 Schroder OrientalIncomeFund Ord £0.01 Scottish American Investment CoORD GBP £0.25 Murray International TrustOrd£0.05 Abrdn Diversified Inc >H Tst PLC OrdBPB0.01 International Public ParinershipOrd GBP0.0001 |
28,089 79,264 35,733 28,970 18,885 4,374 10,065 35,737 21,053 29,165 41,312 24,561 29,986 24,960 19,715 22,969 6,207 9,912 42,179 54,482 19,555 20,828 37,081 30,829 25,000 13,489 44,412 31,451 22,131 33,117 19,123 15,649 50,934 |
28,570 80,619 36,257 10,483 84,492 8,341 40,240 26,690 95,190 38,000 61,632 7,224 21,342 19,357 24,665 171,720 68,121 32,301 28,264 19,633 9,698 58,036 60,460 75,089 30,667 38,760 64,845 30,553 52,814 49,928 55,463 12,420 35,620 |
| 931,216 | 1,477,492 |
Note 4 Related Parties Due to the minimum bank account opening requirements the Mary Atwood's Churches' Charity agreed to take over the receipts and payments administration of the Mary Atwood!'s St Clement's Church Charity (charity number 1077118).
The sole purpose of the Mary Atwood St Clement's Church Charity is the upkeep of the Atwood family grave.
Mr G C Cornelius, Mr M S R Griffiths and Mr N M Bowles are also Trustees of the Mary Atwood's St Clement's Church Charity.
At year end, the bank balance attributable to Mary Atwood's St Clement's Church Charity was £64.72 (2024: £63.20)
There were no other related party transactions in the period or prior period.