REGISTERED CHARITY NUMBER: 1087687
ort of the Trustees and
Financial Statements
for the Year Ended 31 December 2024
for
The St Ma
's Charit
Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE12RJ

The St Ma
's Charit
Contents of the Financial Statements
for the Year Ended 31 December 2024
Page
Report of the Trustees
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
7 to 10

The St Ma
's Charit
Re
ort of the Trustees
for the Year Ended 31 December 2024
The trustees present Iheir report with the financial statements of the charity for the year ended
31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities-
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Rep)Oi(iiiy SLdiidard apylibabie iri Lhe UK and Republic osi Ir-,and (FRQ 1021 (effeBtiv. 1 Januar,
2019)
OBJECTIVES AND ACTIVITIES
Objectives
The objects of the St Mary's Charity are formalised by the will of Canon Paul Miller dated 2nd May 2000. The
charity was brought into being by the will.
The St Mary's Charity Trustees shall hold the Trust Fund and its income upon trust to apply them for the
following objects ('the Objects'l. To apply the same to or for such charitable institution or instilutions or other
charitable object or objects or other charitable purpose or purposes in any part of the world which-.
Maintain or promote the Catholic tradition of the Church of England or
Promote the Church of England's traditional teaching in opposition to the ordination of women to
the priesthood
Promote the relief of poverty by the use of technology in the Third World
Promote ecology or the preservation of the environment
Promote the advancement of religion according to the stricl interpretation of the Catholic
creeds as taught by the Church of England
To further the religious and other charitable work of the congregation meeting for religious
worship at the Chapel of St Mary on the Bridge Derby
To relieve in cases of financial need clergymen who have served in the Chapel of St Mary on
the Bridge Derby or individuals associated with the said Chapel who wish to train for Holy Orders
2)
3)
4)
5)
6)
7)
Significant activities
Our main activity is to make grants to other charities that comply with the defined objects of the charity. There
has never been any shortage of suitable applicants. So far, the charity has benefitted from a bequest made to
Canon Paul Miller by the estate of Miss Airmyne Harpur-crewe shortly before he died. The charity also
received another substantial bequesl from the same source at the beginning of 2020.
ACHIEVEMENTS AND PERFORMANCE
At the meeting of the Bridge Chapel Trustees held on 4th December 2024. it was proposed and seconded
that Dean Peter Robinson, Tim Smith, Roger Pegg and Joyce Sawford would continue as Truslees of The St
Marfs Charity for the year beginning 1 st January 2025.
It was agreed at the first meeting of the year of The St Ma￿S Charity th2t the Dean be Chair of the meetings
for the year, with Mr Tim Smith as Treasurer and Mrs Joyce Sawford as Secretary.
Three meetings were held on 11th March, 15th July and 2nd December 2024.
Funding requests were received both on paper and electronically during 2024 and were processed
electronically by Mrs Joyce Sawford as Secretary to the Trustees.
During the financial year ended 31st December 2024 grants totalling £22,592 were agreed and made to
15 charities including the second instalmenl of a three year grant to Derby Cathedral Music Dept=
A further 16 charities were unsuccessful in their applications, as the trustees felt that their applications were
outside of the charity's remit, or their application was made too early to be considered again. All were
contacted by email to advise them of the trustees. decisions.
In considering the operation, achievement, performance and finances of the charity, the trustees are satisfied
that public benefit has been provided in the year in accordance with Ihe Charities Act 2011 and the guidance
published by the Charity Commission.
Page 1

The St Ma
's Charit
ort of the Trustees
for the Year Ended 31 December 2024
FINANCIAL REVIEW
Reserves Policy
The Charity's principal reserves are held in CCLA investment funds as described below. The Trustees aim to
derive sufficient liquid funds from the dividends accrued from these investment funds. The St. Mary's Charity
exists simply io mai(e graiiib to qualifying applicants as long as funds are available., The truslees consider
that further donations to bolster the current holdings are unlikely.
The trustees are confident that following the legacy left by the estate of Miss A l M Harpur-crewe in February
2020, the charity now has adequate free reserves to provide financial stability for its activities in accordance
with its aims.
Financial review
After research and due diligence by the Treasurer, Mr Tim Smith, the Trustees agreed in 2021 thal the
additional funds received from Miss Harpur-crewe's estate were to be invested in CCLWCOIF funds. The
monies werp. divided £500,000 each into the Charities Investment Fund and the Global Equities Investment
Fund, the two funds offering different profiles of company investments. Monies are also held in the
CCLIVCOIF deposit fund and a Natwest current account to fund further grant requests. The disposition of
funds has been continued through 2024.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust dated 2nd May 2000 and constitutes an
unincorporated charity.
Appointment of trustees
The Chairman of the Trust is the Dean of Derby.
The elected trustees are appointed annually by the Trustees of the St Mary's Chapel on the Bridge, Derby. a
registered charity.
Training and Induction of New Trustees
The Charity does not consider it necessary for a formal training or induction programme for new trustees_
Each new trustee Is given a copy of tkie relevant Pdrt of the wi11 of the late Canon Paul Miller and attention 1%
drawn to the objects of the Charity as defined in that document. Relevant documents received from the
Charity Commission are also passed on to all trustees.
Trustees investment policy
The policy of the trustees is to invest in CCLA Charitable Funds which will provide a mix of assured regular
Income and the ability Iu CILLUI i)ulate funds in the long tcrm a. d@8cribed above.
Related parties
The will of the late Canon Miller, which is the founding document of the Charity, states that the trustees of the
St. Mary's Charity shall be selectod from the trustees of the Chapel of St. Mary on the Bridge.
The only related party is the Chapel of St. Mary on the Bridge for the reasons stated above. The two charities
operate independently of each other and there have never been any transactions between them.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1087687
Principal address
Derby Calhedral Offices
18-191ronGate
Derby
DE1 3GP
Page 2

The St Ma
's Charit
ort of the Trustees
for the Year Ended 31 December 2024
Trustees
MrARPegg
Very Rev Dr P J A Robinson Chairman
Mrs J S2wfni'(I
MrT G Smith
Independent Examiner
Sean Douglass ACA
Bates Weston LLP
Chartered AccoLtntants
The Mills
Canal Street
Derby
DE12RJ
ankers
National Westminster Bank PIC
Derby St Peter's Street
Dert)y
Derbyshire
DE1 1XL
Solicitors
Elliot Mather LLP
Gervase House
111-113 Friar Gate
Derby
DE1 1EX
Ac¢ountant
Bates Weston LLP
Chartered Accountants
The. Mills
Canal Street
Derby
DE12RJ
Approved by oi'd¥f ul11 i¥ buoid of trustees on
Very Rev
r P J A Robinson Chairman - Trustee
Page 3

Inde
endent Examiner's Re
ort to the Trustees of
The St Ma
's Charit
Independent examlner's report to the trustees of The St Mary's Charity
I report to the charity trustees on my examination of the accounts of The St Mary's Charity (the Trust) for the
year ended 31 December 2024.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with
iiie i equil einents of the Chari
Lies ct Q011 ('the ,4ct'l.
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in
carryng out my examination I have followed all applicable Directions given by the Charity Commission under
Section 145(5)Ib) of the Act.
Independent examiner's statement
I have completed my examinalion. I 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:
accountinq records were not kept in respect of the Trust as required by Section 130 of the Act., or
the accounts do not accord with those records; or
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 Irue and fair view which is not a matter considered as part of an independent
examination.
I 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.
Sedn Douglass ACA
Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Dorby
DE12RJ
31 August 2025
Page 4

The St Ma
's Charit
Statement of Financial Activities
for the Year Ended 31 December 2024
2024
Unrestricted
fund
2023
Total
funds
Notes
INCOME AND ENDOWMENTS FROM
Investment income
30,972
29,548
EXPENDITURE ON
Charitable activities
Grant Making
23,444
29,503
Npt gains on investments
41.399
107,668
NET INCOME
48,927
107,713
RECONCILIATION OF FUNDS
Total funds brought forward
1,118,878
1,011,165
TOTAL FUNDS CARRIED FORWARD
1,167,805
1,118,878
The notes form part of these financial slatements
Page 5

The St Ma
's Charit
Balance Sheet
31 December 2024
2024
Unrestricted
fuiid
2023
Total
funds
Notes
FIXED ASSETS
Investments
1,090,474
1,049,075
CURRE
Debtors
Cash at bank
T ASSETS
7,061
73,622
6,823
71,504
80,683
78,327
CREDITORS
Ariiuunls fcilliny due withiri one year.
(3,352)
18,524}
NET CURRENT ASSETS
77,331
69,803
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,167,805
1,118.878
NET ASSETS
1,167,805
1,118,878
FUNDS
Unrestricted funds
1.167,805
1,118,878
TOTAL FUNDS
1,167.805
1.118,878
-l-he financial statements were approved by the Ljoard ot -l-rustees and authorised for Issue on
and were sigiied on its behalf by.
Very Rev Dr P J A Robinson Chairman - Truste
The notes form part of these financi81 statements
Page 6

The St Ma
's Charit
Notes to the Financial Statements
for the Year Ended 31 December 2024
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been
preparea in accoroance witn tlie Cliciritieb aORP jFRS 102 j 'ACiO￿nt￿li￿ aiid Pxeporting by c￿larItIeS..
Statement of Recommended Practice applicable to charities preparing their accounts in accordance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
(effective 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard
applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have
been prepared under the historical cost convenlion, with the exception of investments which are
included at market value, as modified by the revaluation of certain assets.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the
fLinds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation
committing the charity to that expendilure, it is probable that a transfer of economic benefits will be
required in settlement and the amount of the obligation can be measured reliably. Expenditure is
accounted for on an accruals basis and has been classified under headings that aggregate all cost
related to the category. Where costs cannot be directly attributed to particular headings they have been
allocated to activities on a basis consistent with the use of resources.
Fund accounting
Unrestricted funds can be used in accofdance with the charitable objectives at the discretion of the
trustees.
Fixed asset investments
Fixed asset investments are a form of financial instrument and are initially recognised at their
transaction cost, and subsequently measured at fair value at the balance sheet date, unless the value
cannot be measijred reliably in which case it is measured at cost less impairment. Inveslment gains
and losses, whether realised or unrealised, are combined and presented as 'net gainslllosses) on
investments, in the statement of financial activities.
INVESTMENT INCOME
2024
2023
Deposit aLcouril irileresl
Dividends received
3,207
27,765
27,214
30.972
29,548
AUDITORS. REMUNERATION
2024
2023
Auditors, remuneration for non audit work
852
774
Page 7
continued...

The St Ma
's Charit
Notes to the Financial Statements - continued
for the Year Ended 31 December 2024
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 December 2024 nor for
the year ended 31 December 2023.
Trustees. expenses
There were no trustees, expenses paid for the year ended 31 December 2024 nor for the year ended
31 December 2023.
FIXED ASSET INVESTMENTS
Listed
investments
MARKET VALUE
At 1 January 2024
Revaluations
1,049,075
41,399
At 31 December 2024
1,090,474
NET BOOK VALUE
Al 31 December 2024
1,090,474
At 31 December 2023
1,049,075
There were no investment assets outside the UK.
Cost or valuation at 31 December 2024 is represented by:
Listed
investments
Valuation in 2024
1,090.474
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
Accrued income
7,061
6,823
Page 8
continued...

The St Ma
's Charit
Notes to the Financial Statements - continued
for the Year Ended 31 December 2024
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade creditors
Othei ui ediioi S
852
,500
774
7,750
3,352
8,524
MOVEMENT IN FUNDS
Net
movement
in funds
At
31.12.24
At1.1.24
Unrestricted funds
General fund
1,118,878
48,927
1,167,805
TOTAL FUNDS
1,118,878
48,927
1,167.805
Net movement in funds. included in the above are as follows..
Incorning
resources
Resources
expended
Gains and
losses
Movement
in funds
Unrestricted funds
General fund
30.972
(23,444)
41,399
48,927
TOTAL FUNDS
30,972
(23,444)
41,399
48,927
Comparatives for movement in funds
Net
movement
in funds
At
At1.1.L3
Unrestricted funds
General fund
1,011,165
107,713
1,118,878
TOTAL FUNDS
1,011,165
107,713
1,118.878
Comparative net movement in funds, included in the above are as follows-
Incoming
resources
Resources
expended
Gains and
losses
Movement
in funds
Unrestricted funds
General fund
29,548
129,503)
107,668
107,713
TOTAL FUNDS
29,548
(29,5031
107,668
107,713
Page 9
continued...

The St Ma
's Charit
Notes to the Financial Statements - continued
for the Year Ended 31 December 2024
MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows..
Net
movement
in funds
At
31.12.24
At1.1.23
Unrestricted funds
General fund
1,011,165
156,640
1,167,805
TOTAL FUNDS
1,011,165
156,640
1,167,805
A current year 12 months and prior year 12 months combined net movement in funds, included in the
above are as follows:
Incoming
resources
Resources
expended
Gains and
losses
Movement
in funds
Unrestricted funds
General fund
60,520
(52,947)
149,067
156,640
TOTAL FUNDS
60,520
(52,9471
149,067
156,640
RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024.
Page 10