CO￿1[￿Ar1,y REGISTIL4TIQN NUMIIER: 52*$446
CHARITY REGISTRATION NUMBER.. 1112724
ST MARY'S PARISH TRUST
Compan). Limiteil bi. Guarantee
UNAUDITED FINANCIAL STATEMENTS
31 DECEMBER 202.1
F. J Ai'<1ri &. Co. LiE]iilid
Association of AccoLintiniJ Technicians
178 TiiTr'ford R01L d
Harroii.. Middlese
London HA? OSN

ST MARY'S PARISH TRUST
COMPANY LIMITED BY GUARANTEE
FINANCIAL STATEMENTS
YEAR F.NDED 31 DECF.MBER 2023
PAGE
Trustees, annual re￿rt (incorporaling the directors rewrt)
Independent minerfs rewrt to the trustees
Ito4
Statement of financial aciivities (including Tncome and exp¢rhdithre account)
Statement of financial w)silion
Notes lo the financial statetnents
81016

ST MARY'S PARISH TRUST
COMPAIYY LIMITED BY GUARANTF.E
TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTORS, RF.PORT)
YEAR ENDED 31 DECEMBER 2023
Tlie trustees, 1%.Iio are also the direLlors for tlie purwses of coinpani. laii", present their report and the
uiiaiidited financial statements of ihe charil). for the )'ear etided 31 tkceinber 2023.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered charity. name
St Mar) s Parish Trust
ChArity registration number
1112724
Compan). registralion nuffjber 5255446
Ibrincip4i1 o￿l£e and registered Parish oifice
office
St Man s Church
Putiie). HiLh Streel
SWI) ISN
THE TRUSTEES
A Grocoll
N Wilson
Rei'd J Whittaker
B J t)cak"ins Hcln'ei.
K Todd {aptM)inted ?8 September 202))
Comp8nTr' secretan.
A Grocott
Independent e¥aminer
E J Avari & Co Limil¢d
AssoLiation of Accountino Technicians
178 Tii)'ford Road
Harro1¥
Middlesex
HA? OSN
tjiinkers
TSB Bank l)1¢
8?a Edej) StTYei
Kin(NSii)n Ilpon Thames
KTI IDJ
Solicitors
Russell-cookc LLP
? Piiin¢i- Hill
Loi)don
SW15 6AB

ST MARY'S PARISH TRUST
COMPANY LIMITED BY GUARANTEE
TRUSTEES, AINNUAL REPORT (INCORPORATING THE DIRFCTORS, REPORT)
YEAR ENDED 31 DF.CEMBER 2023
TRUSTEES, RESPONSIBILTY STATEMEf4T
The I'ruslees (Ivho are also the directors of Si. Mary s Parish Trusl for thc ￿1r￿SeS of compaii). lai%.)
arc rc5FK>nsible for prep<iring ihe Tnistees Annual Report and ihe finaiicial staleinents iii accordantie
ii'itli <2pplicable lai%, and United Kiiiodoin AcLountiiiu Standards {Iliiitcd Kingdom Generall! Accci)tcd
ALLc)untinu
Praciice} in¢luding FRS 102 -Thc Financial Rew)rtin¥ Siaiidard applicable in ihe UK ai)d
Rcpiiblic of Ireland" Compan}. lai%, reqiiircs ihe Trustees io prepare fiiiaiicial stalemenis for e<2ch
fiiiai)cial l'ear iN'hiLh ¥bji'e a true aiid fair i'ieii oftlie state of affairs of thc charit&lble compaii). aiid of tl)e
incom ing resoiirce% and applicatioii of resourrcs. incliiding tlie inLorJi¢ aiid e.￿￿1)d1t￿re, of the iliari￿ble
coInpaii)' for that )'ear. In prepariilg? these financial statemenis: the Trustees lire required to-
Select siiitable accounting policies and ihen appl). tliem consislenil}':
Observe Il)¢ vnciliods and prinLipl¢s in the Charities SORP:
MiiLc jiidoenients and estimates that are reasonable and prudent-
State iil)eiher appliLable UK Accountino S11< Iidilrds hal'e folloi4.ed and
Prcparc the fiiianLi<l1 s(aleiJ)¢nls on the gboiii¥ ¢otlLern basis uIiless it is inappropriate lo presume
that Lharil11ble coinpan}' ii'ill continue in bii%iness.
The Trustees are responsible for keepinu adequate accountino records that disclose ii.ith reaSOn￿￿b]e
aLvuracN' at £iny tiille tlle financial position of the charitablc compani. and enablc tlieii) to eiisure iliai Il)e
fii)an¢ial staten)enls Lomplv iviili the Coiiipaiiies ALI 2006. The). are also responsible for safegiiarding
Ihc assets ol- the chariiable iompi1nl" Ilnd hence for taking reasoMbl¢ stcps for tlie prei.'ei)lioi) of aiid
delcctioii of fralid and other irrcoiilarities.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The St. Mat) s Parish Tnisl (the""TnJsi'") li.as established under ihe Meinoranduni of A%socicTrtioii on its
Incorpor<ltlL)11 on I I OL'tober ?￿4. amendcd on 6 Janiiiln. ?0 l O ii"hicli sel out tlie objects of tl)e Triist
,Iiid is goierned b). its Articles of Ass0¢iation. The Tmsi is &¥oi'crned bi. the B()ard of 'friislees. ii"hicli
Ineets on a r¢&Tular b<1SiS. I!.PlLii11!' thre¢ c)r foiir times each i'e%1r. In ciddition. tliere i% fr¢qiicnt infonnal
iiiter<lCtion am()n¥sl the Tnistees ii'h(Tr arc all regular aiieiidee5 at Si. Marn. s LhurLlI. 'l-lie Board i)I'
Trustees ¢onsists of tlie Rector of th¢ Parish of Putnei. Ihe Chiirch IVarden% of Si. s Cliurch,
Pulnei, aiid nci niore than three additional Tnembers unanimouili" approi'ed and aptK)inicd bi. tlie ReLlor
Ind C'hiircli Wiirdei)s.
OB.IF.CTIVES AND ACTII'ITIF.S
Tl)e Tnisl'5 ubjeLts are lo proi'ide. or assisl in tlie provision of. facililies in Ihe Éntere%ts of social ii'elfare.
fi)r social. recre<ltiOl1<111lnd leisiir¢ tiwne OCCLipatioi) or cliaritablc for the publi¢ ai laigse li itll tlie objvil
of iIiiprc)i iii&? tl)eir LOI)dilions i)r lile and io proinole edu¢cl1ic)n and Ilie ¢lfl% and to iii)dert<ike otli¢i'
chi¢ fir¢iblL" puiTK>ses. It <lLhiei'es these objcctii.es priiiic1ri1!' Ihiou&.h the leitinLY Out ofili¢ BIEiier Building
in l)iitiiei. Ilie Leasel)old Pill￿rtI refterred to iii Noie i c)r iliese linanLial slateineiits. The BrLiicr
BiiildiiiLI is let oiit to a li ide rnniTe of oruic nI￿lI0￿s. ii-hich proi-ide s(xial. recr¢c1tioi)al aiid leisiirc
aitii ities to tlie ]LIc￿lI communiti-. Bi. suppli'iii£ to ihese orgyanisatioiis. at a rt'asoiialile cliar¥)L& i? spaLe
li itliii) li l)ILlI to oper4lte. tl)¢ .1 rustees Ilre iiorKiniF to prc)i id¢ piiblic kn¢fiÈ lo the I￿{?] c()Iiiinuiiit)-.

ST MARY'S PARISH TRUST
COMPANY LIMITED BY GUARANTEE
TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTORS, REPORT)
YEAR ENDED 31 DECEMBER 2023
ACHIEVEMENTS AND PERFORMANCE
The Trust coniinued lo build back its core seTh'ice of pioviding facililies to thc local community. Whilst
the OCC11P1￿ nc}, of the rootns li.as encoLiragin& it ilas cl¢ar that thc organisatioiis Inakiiigi use of il)e
Bi'eii'er Buildinly i%'¢rc constrained in hoii. mucli thei. li.ere able to pa).. Nei'ertheless, the Triist, iilniigqide
St. Man s Chiirch, continued to provide a safe and iiarm place for thc GlassdiKTrr cliarit).. Tl)ere ii'<lS
also a neil. and sii¢¢es5111l development called Siudi Spac¢. 'fhis t(￿￿ adi'anlagye of tlie Iibre optic
brougyhi onsite in 2022 and iilloived local swdenis to stiid). for their exams in a safe and quiei
environment.
FINANCIAL RF.VIEW
The modente increase of 5.40/0 in Income ii.os oN"ersliadoii"ed b). a 20.30/0 increase in Eipenditure. As
i¢iitioned iii ?02? the UtiliN' Costs are a SiLviiifiLant burdeii and tliis )ear Ilies. Inore iliaii d()ubled. This
ivas the PTillLip<11 re1c son tl)Ic t the Trusi relumcd io a ncgatii"e EBITDA of £1 0,800 coinpared to the
positii'e one of £7.066 in 2022. The Trnsi ii.ill not be a wsitioii to Inake an), Grdnls for d)e for¢s¢¢ablc
future.-Ilie Net Assets ol'tl)e Tnjsi fell to £1,073.145 from £ 1.118.630 ivith a depreciation charge in the
ye<lr of £34.685 {2022 = £)3,5i9).
RISK MANAGEMENT
The Trustees a￿ fociised on improi'ing the ncial perforniance of the l TUSI. A rci-icii. of the cliarges
for its facilities has been und¢rtaLen ii.iih an increased eiiiphasis on Lashfloii. The 'l-rust sl)<ires a
pri)pc)rtii)n c)fi1s LClSt5 11 ith Si. MclTh" s chiircli Ic nd as such ihe opportunilic5 lor cosl reductioi) are limited.
Floii'ei'er, a neil. conlraci for Waste M£?nagement il'as Loncluded iii Ma!" 2024 11.1iicli li ill hai.'e fiiiaiicial
ii¢lits throuiFh cosl rediictioi). In addition: a tliree-i.ear gas siippli" contract at a niuch loiier cost per
kw'h li.as SCCLired in Aiiuiisl ?0?4 ii"liich rediices the risk on Utilit) Costs.
RESERVES POLICY
Tlie Tnistees ii.ill be looLino to enslire iliat the Tru%1 reiurns to a wsitii'e EBITDA in ?0?4. 11 ii'ill oiil>
be after sei'erlc l N'e<lrs ofposiiii'e nel cashfloii that the l-rustees ii.ould consider &)i' &Jranis.
PUIILIC BENEFIT
Tlie trustees hai'e complied i¥ itll tlie &TiiidaiiL¢ 011 public benefit requiremenl iii acci)rdan¢¢ li ith SeLtion
17 of tlie Cliiirities Act ?01 l. Tlie Chariiies Commission in ils -Cli<irities and Piiblic Benefit-. Guidiliice
requires that Ke¥. principles be niel in ord¢r to s1ioii- thal an orglc Iiisaiii)ii s aiins are foi tli¢ publiL beiiefil..
fii'sl. there miist be an idei)tifiable kiielii and stic)ndli. Ilial the benefit ii)ust be lo ihe publiL or a secticin
of the piibliL. OLif PLirp()se% meci the Chariti" Commissioii s piiblic benefit requiremeiil as oiir aiins I'elate
to proi'idini) aiid <1SglSlinLT 1]) the proi-ision or. racilities in (lie inlerests of SOLi#I iicifai'e. fcir soci?( l.
recre<ltiOl)Ic l and leisure till1¢ IXLiipaiion or Lhaii141ble piirposes for tl)e piiblic ai large li ill) tlic objcct of
iinproi'ing their conditions of lif¢ and to proniotc ediication aiid tliearts and to undcriakc otlier cl)ai'ilable
piirposes.
PLANS FOR FUTURE PERIODS
The Trust i1.ill Lontinue to proTr"ide tacililies in the iiiterests of social i%¢ifare. for s(￿la1. recreational and
l¢isiirL' lime ClLCllPc1tion or chclritable for the piiblic at l<lrtie li iih ihe i)bjeLt of irnproi-iiil) tlieir coiiditioi)s
of lilc and io proniote educatioii aiid tli¢ arts aiid to Lindertake oil)ei LI￿[1￿b]e purwses.

ST MARY'S PARISH TRUST
COMPANY LIMITED BY CUARANTEF.
TRIISTF.F.S' ANNUAL REPORT (INCORPORATING THE DIRECTOIIS, REPORT)
YEAR F,NDED 31 DECEMBF.R 2023
SMALL COMPANY PROVISIONS
Tl)is report l)as been prcpared in accordance i%'iih Ihe proi'isions applicable to ¢ompanies entitled to tlic
sm£ill companies, exemption.
INDEPENDENT EXAIIqINER
E J Akari & Co. Liniited hal'e eipressed Iheir li illingness to continue ii) o￿l¢e as Ihe Independent
Examiner and a resoliition to reappoint them ii.ill bc proposed at tlie forthcoming AGM.
The Tru5tee5 annual reI￿ il'as approved on 16 September 2024 and signed on behalf of tlie Board of
Truqtees by..
Andreli Grvic)11
Trih%tee

ST MARY'S PARISH TRUST
COMPANY LIMITED BY CUARAN'TF.E
INI)EPENDENT F.XAMINER'S RF.PORT TO THE TRUSTEES OF ST. MARY'S
PARISH TRUST
YEAR ENDED 31 DECEMBER 2023
I report to Il)e Irustees on m}. c.iamiiiation of the financial stalements of Si Mary s Parish Trnst {'the
¢h¢irit}') for tlie N'ear ended J I tkcember 20?3.
RF.SPONSIBILITIES AND BASIS OF REPORT
Th¢ trustees are also the direclors of the compan)" for tlie pury)￿s ofcompaii). laii, are responsible for
the prcp<lfiltion of the finaiicial statements_ lthe triistees consider ihal an audit is not reqiiircd for this
) e<1T 111)der seLllI)11 144(2) of ilie Cliarities Aci 2011 (tlie 201 l Acil and tliat ali indepeiid¢Jit ¢iaiiiii)atioi)
is nccded.
JNDEPENDENT F.XAMINF.R'S STATEMENT
I hai'e completed tn!, eiamination. I confirm tliat no mailers hai'e colne lo mi, atteniion iii coniiection
li ith tl)e e.K<iinination g?jN"inip nie cause io beliei'e=
accounting records il'ere noi Lept in respecl of the charit)y as reqUi￿d b). section 386 of the
2006 Act; or
the finiliicial stalements do not accord ii'ith those records- or
the finic nci<i1 temenis do Iiot compli. ii'ith the accouniinly requirciiieiits of seLlioii 396 of
the ?006 ALt oth¢r ihaii an). reqiiirem¢nl tlial the accounis &T7￿.¢ a 'true and fair, i'ieii IN"hicli
is not a ii)alt¢r Lonsidered as part of an iiidcpendent eiamin8tTon= or
the finaniial Slatements have not ken prepared in accordaiice I￿111] tl)e mctlids and
principles Df ihc Stc1teiiient of Recotntnciided PraLlirc for accouiilinn and reFK)rtinu
b).
cl)ari11¢s appliLable to Lllarilies piepariiiu tl)eir aLcounls in accordance li lili the Fiiiancial
Reporting Sillndcird applicable in th¢ UK and Republic of Irelaiid (FRS I O?).
I hcll'e iio concerns lind hai'e come across no other ii)at(ers in connectioii ii'iili tlie ¢ianiiiialioii lo i¥liiLII
attLniion sl)oiild bc draii n in tliis retX)rt iii order to eilable a pro￿[ ui)derstai)din' ofihe accouiits to be
re<1clied.
Edlilji J Ai"ari BCOM. MAAT
For aiid 01) bf l)?c11-of E J Ai'ari & Co Limited
The Asyi)Llil1ion of Accoiiniing Technicians
LiLenLe Niinibcr l O(H948
178 1 iii loril Ro<2d
Nqidd1¢5e.x HA? OSN

ST MARY'S PARISH TRUST
COMPANY LINIITF.D IIY GUARAIITEE
STATEMENT OF FINANCIAL AcfiviTIES
(INCLUDINC INCOME AND EXPEINDITURE ACCOUNT)
YEAR EN'DED 31 DECEMBER 2023
2022
Unr¢slricted
funds Total funds Toial funds
Note
Jncome and endol)"Me￿ts
Other tradinq activities
Ii)i'estment income
102.047
970
102,047
970
96,794
156
Total income
103.017
103,017
96,9iO
Eipcnditllre
Expeiidiliir¢ on chci ritable actii'ilies
Total eipenditure
148.502
148,502
123.443
148,502
148,502
123,443
Net expenditure and net moi'ement in funds
145,485)
(45,485)
(26,493)
Re¢on£ilidtion of Cunds
Totiil fiinds bn)ught foni'ard
Total funils eArrieil fonyard
1.118,630
1.118.630
1,145,12J
1,073,145
1.073.145
1.118.6JO
Tl)e slatement of financial aclii'ities includes all g¥ains and lows recognised in the )'ear.
Al l inLoine <2nd expendiliire derii'e from conliniiino activities.
The notes on pdues 8 10 16 lorni parl of these financial statements.

ST MARY'S PARISH TRUST
COMPANY LIMITED BY GUARAIYTF.F.
STATF.MF.NT OF FINAIYCIAL POSITION
31 DECEMBER 2023
COMPANY REGISTRATION NO. 5255446
2022
Note
FIXF.D ASSF.TS
ang7ible Iixed <lssets
1,069,737
1,098,352
CURRENT ASSETS
Debic)rs
Cash at bank and in nd
15
5.144
30,109
2,751
44,069
46,820
CREDITORS: amounts falling due H'iihin one
16
(31,845)
(26,542)
NET CURRF,NT ASSF.TS
3,408
20,278
NET ASSF.TS
1,073.145
1,118,630
FUNDS OF TEIE CHARITY
Ui)restriLled funds
1.073.145
1.118,630
Total charilv funds
18
1.073,145
1,118,630
For the }'ear endino 31 December 20?3 the charit). li.as entitled to exemption from audit under seulion
477 of the Companies Act 2006 relating to small companies.
Direilors, responsibilities..
The members hai'e not reqiiired the compan!. to obiain an audit of its financial slateineiits for Ilic
N"ear in qu¥s1ic)n in a¢iordanLe li lili seLlion 476-
I'hL directors acknoii.led¥be their respoiisibililies for coinpl!'jn¢F ilith ilie requireiiients of tlie Act
ii.ith respect to accounting record% Jnd ihe preparaiinn of financial statements.
Tliese financial slatcnients hai'e been prepared in accordance ii'ith the proiwisions applicic ble to
Lompaiiies siibjeLt to the stnall compani¢s' ￿￿TiMe.
Tl)ese fiiianLial statetnenls iicre opprv&'¢d bi. the ihmrd of trustees and autliorised for issue 011 16
Seplen)ber 20?4 , Ilnd are si(ptked on behalf of ihe ix)Jrd bi.:
A GroL
Triistee
-1 nisiee
The notes pages 8 to 16 Corm part of these financial stalements.

ST MARY'S PARISH TRUST
COMPANY LIMITED BY GUARANTEF.
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
GENERAL INFORMATION
The charil!, Is a piiblic benefit entitl. and a prii'atc comp<inTr" liniited b!. guaranlcc. registeied in
England clnd Willes and registercd cliarit)" in LiigylaIid aiid Wales. Tlie dddrLss of tlie reb*isl¢red
office is Parish Office, St Mar) 5 Chiirch, Pulne), High Street, siir i > I SN.
.STATF,MEwf OF COMPLIANCE
Th¢se fin<1nci<l1 st<ltemenis have been preparcd in complia)ce ii'idi FRS 10? 'Tlie Finanvial
Reporting Staiidard appliiable iii tlie UK and the Repuhli¢ of Irc11c nd.: Ilie Statemen¢ ()f
ReLoinmended Practice applicable to chilrities preparin? tlieir accoun15 in accordai)ce li ill) Ilie
Financi<il Rewrting Standard applicable in ihc UK aiid Republi¢ of Ireland (FRS I O?) (C.haritics
SOKP (E.-RS 10?)) and Ihe Companies Aet 2006.
ACCOUNTING POLICIES
Basi5 of preparation
I'he fii)ancial siaiemeiits have been prepared ott the htsrorical cost basis. as modified l)i' tlie
rei'<llLiation of ccrt<2in tinilncial assets aiid liabilities aiid iRI"estii)eiit properties ii)easured at fair
vallie throLi&h incotne or expendilure.
The financial slateiiients are prepared in slerlini> ii'hich is the fiinctional CUTrenc! of the entitv.
Ineome
All iiiconie is recoLJiiised iihcn il is due.
nk Iiiterest is recogni*d nd recorded in the financial stateinenls as die income aLLrues.
Guing coneern
On tlie bclSi% of ¢UTrcnt financiill projeciion% and lifter makin&T Such ciiquiries as ar¢ coi)sidei'ed
¢ ppropri£lte, the Trusl¢es are satisfied that Si Marn s Parish I'rust lias adequate resoiirces to
Lolltiiiiie li) operdii(Inal viislence for the foreseeclble fiitiire. The tr115tces tlierefore bclici'e il is
approprilc te to ad(Ipt ilie ¥oino conLem basis in preparincj ihe fiIiaiicial slatenieiiis.
Ta¥ation
St. M<iri % Parish Tnist is a reeisiered Charitt. No. I 11 ?7?4 Ii'iih ihe beiielit of eieiiiptioii froin
taiatioll LJraiil¢d to the Corporaiion Tax Ail ?0 l O. Oti the bic SIS that Ilie charitclble COlllP<ll)I S
,Iclii'iiie£ lill li iihin tlieir cliarii<ible piirp()%¢s and their funds applied onl). for tli¢s¢ purposes, no
proi'isioi) for Lorporatioii tLi lias been n)ad¢.
Mi)teri.ql prior l.ear errors
No Inalerial prior )"eilr errors liai'e been identified in tlie rep)rtino
Fund accuuntin
Flind5 held bi, the Pilrish Tnisi are:

ST MARY'S PARISH TRUST
COMPANY LIMITF.D IIY GIIARANTF.F.
NOTES TO THE FINANCIAL STATEMF.NTS (continued)
YEAR ENDED 31 DF.CEMBER 2023
Unrestricted Funds:
Cjeneriil Funds - An). funds ihal are ai-ailable for use b). Ihe Tnjstees ii'ithin tlie general objects
aiid poil'ers of the charit), are called g¢neral funds.
DesignAted Funds - Tn]siees maTr' put aside, unrestricted general funds for specific piirposes.
These funds are desigTrnated funds.
ACCOUNTING POLICIES
Ineomin% resourres
All incominL) rewuices inclitd¢d in tlie slatement of finartcial aLlivities iiliei) enlitleii)eni l)a5
passed ici Il)e Lharit!". it is pruM1ble thal tlie economic benefiis associaied ii'iih Ilie iran&iciioi) ii.ill
floii. 10 the ¢h#rit}" and ihc aniount can be qiiantified ii'ith reasonable accurac)". I'he folloii iiig
specifiL wlicics are applied to particular cate£ories of income..
inLom¢ from donations or grants is reco¢Fnised ii'hen there is ei'id¢n¢e of¢ntiilemei)t to ihe
gift, receipt is probable and its amount ean be measured reliablTr.
leg<iCy income is recouttised iN'hen receipt is probable aTKI entTilewnent is established.
income from donilted go(xls is measured ai the fair value of the goods unless this is
imprilctical to measure reliabli.. in i%'hiih Lase lh¢ i'aluc is deriied froin tl)e cost to tlie doiior
or tl)e estiinated resale i'aliie. Donaied faLililics and 5en.ices are recoonised iii the accoiiiit£
ii"l)en receii'ed if the i'aliie can be i¢liabli" mcasiired. No amoiints are ii)cluded for tl)e
Lontribution ofgveneral i'olunicers.
income from Loniracts for th¢ suppl). ol sen.ices is recooiiised il'itli tlie delii'ery. of Il)e
¢c)ntracied sen'ice. This 15 classified 11S Iinrestricied fiEnds unless Il)ere is a ¢oiilracttial
reqiiireiiient for il to k 5PCttt on a particular purwse and reliirned if ui)spenL iii ii.hiili Case
il niai be regjarded reslriited.
Resource5 eipeDded
Fipciiditiire is rccognised once there is a leoal or constructiie obligTation to maK"e a pai'ment to a
tliird Pc2rli': il is probable that seltlemeiit il'ill be required and the aimoiiiil of ilie obliiy1c lioi) cali be
ExpendilLtre is recogni8¢d on an accrual basis as a liabilitv is iAICLirred and ii)Llude5 all VA'I..
Chc1ritc1blc eipeiiditlire comprises those cosis incurred ￿. Ihe Parish Trust in tlic delii"'er¥" of
CJOI'erii<lnLe costs include ihose ¢()sis a%so¢iaied li iih n)cetino tlie constitutiOllci1 and siatiilot)
reqiiireiiieiits of ilie Parisli Triisi and iiicludes inde￿nd¢￿t exaniiiiation lees and Losts liiiked
to the strcltei)iL nianai)eii)ei)l ()I'ilie Parisl) Tnisi.
Costs ar¢ c2lloL<iicd to as P1£ rtiLiilar <1Llii it!. ii-liere tlie COS￿ relai¢ diri.iili l() dial clLtii-it).

ST MARY'S PARISH TRUST
COMPAN'Y L1￿11TF.D BI, GIIARANTEE
NOTES TO THE FINANCIAL STATF.MENTS (continued)
YEAR F.NDFD 31 DECEMBER 2023
ACCOUNTING POLICIF.S (c'oiiliiiiied)
Tangible Fixed Assets
All fixed assets are initiall). recorded al cost.
Depreciation
Deprecicltion is provided on ihc straight-line basis and aims io ii'rile doiyn tlie cost of all Tanuiible
Fixed Asscts over tlieir esliTnated iisetiil lii'es.
The rates (Jeneralli. appliecible are=
Long le<lsehold pm￿￿.
rixtlires <2nd fittinos
20/0 per anniim
?) /• anilUIII
In)pairn)ent of filed a55ets
A re¥'ieiv for indi¢aiors of inipairn]eni is Ca￿led oiit at each reportiTtg date. ii'ith the re¢oi'crable
1moLint being e%timated ii.here siich indicators eiisi. Illli¢r¢ Ilie can'jiiiF I'alue ciceeds the
recoverable amoiinl. the asset is impaired accordinolj.. Prior iThpainiients are also revieii'ed for
possible reversal at each reporting date.
The recoi'¢rable amount is tlie higher olvalue less costs to sell and i.'aliie in use.
If Ilie moi'erable amount of an asset is estimated lo be less than its can)'ing aTnount. tlie carr)'ii)g'
,TrmDiint of the ic sseis is reduced to its recoi"erabl¢ aniount. An impainiient loss is reLObTni¥.Lxl
imm¢dialcl)' ii) tl)e statement of financiiil actil'ili¢s for the l'ear, uiilesq ihc rclci.aiil asset is carried
,qi a rii<11Lied IlilloLlI)t, in i¥hiLh case the iinpaimieni loss is Ireated as d rewaluatioi) decrease.
RcLogJnised impainneni losses clre rei"ersed if. and onli" if. tl)e reasons for tlie iiiipaimiei)110ss liaK'e
Cec2sed to appl).. Il'h¢r¢ an iinplc innei)t Ioss subscquentl!. rei"erscs. tl)e Ca￿),]n1> aii)ciuni oftlie cisset
is increased to tlie t¢i'ised estiinate of its reLOi erable bui SO ihat the increa%ed carrn'iiig
Iniollllt does not exceed the carr¥'ii)Tr amoiini that iioiild liai"e be¢ii d¢tcrin ii)ed Iiad iic) in)paii'iiieiit
loss be reLogFnised for tlie asset in prior i"¢ars. A rei'er5al of an inipi1iniient loss is recognized
imiiiedi<ileli'. Iinless ihL' relei'aiit assel is carried rei'alu¢d aTnOilllt. in ii'liich case ihe r¢i'ersic I
of the impaimjeni loss is treated as a r¢i'aluation increase.
Define(I contribution plans
Contribiitions to defined contribution plans are recotiiiised as ali expense li) Ilie period iii iiliiLI) tlie
rel<lted sen iLe IS proi'ided. Prep1id Lolllribulioiis are reLci&Jlli5ccI as ¢ili asset to Il)e eiteiit tlial tlie
prepai'menl ii.ill lead to a rediiLlion in future pai'nienis or o cash refuiid.
I'l)eii L()niribiilic)ns <ire not elpec1￿ in be 5cttled ii'l)oll!- ii-ithiii l ? 11)oiitlis of tlic end of tlie
reportinb diltc 111 11"1)icl) tl)e emploi ¢¢5 rcndcr tlie relaied s¢r4"ice, the liabilili 15 Imeilsiired on ¢
c1iNLC)Iiiii¢d pr¢sciil Illliie ￿7$1$. Tlie iinii indinip ot the di£Loiinl is reCO￿li1sed <1% ari cipci)se iii ilie
period in ii.hich it arises.
io

ST MARY'S PARISH TRUST
CONIPAII'Y LIMITF.D BY GIIARAN'TF.F.
NOTES TO THE FINANCIAL STATEMENT.S {coJ)tinued)
YF.AR ENDED 31 DF.CEMBER 2023
ACCOUNTING POLICIES (coiilliiiied)
Financial Instruments
The clic?ritable comTkin!' onl). hils financial assets aiid financial liabilities of a kii)d tliat qualifi, as
bilsic tIll￿111¢]2[ inslniiiicnts. BIlSIL finaiicial instrume1115 are initiall). recognised at Iransaction i'alue
and subsequeiiil%' me<isured at tlieir seiilcment i'alue.
Cic sh and cash equii'alettts ii)clude cash at banks and in hand aiid short-tetm dei)osits ivith a
Inc1tiirit)' date ofihrce months or less.
Creditors and proi'isions are recognised ii.here the charitablc compani. has a present oblio<ltioii
resiiltinp fri)m a past ei'ent th￿￿t ii'ill probabl!. resuli in the traiisfer ol-luiids to a il)ird partl. £ind tlie
aniounl to s¢ttl¢ the obliijation Can be measiired or esiimated reliabl!.. Creditor5 and proi'ision are
noni)alli' reLo¥nised at their seitleTncnl amoiint after alloii'ing for ani, trade discounts due.
MEMBERS
Every Mern￿r of St. Man s Parish Trust Iigrees to contribute to the compan). £ l or an). smaller
amount if..
a). St. Mary, s Parish Trust is iioiind up i¥'hile he or she is a memkr or li ithin a )'ear afte￿%.￿rds.
b). The compan!. has debis and liabilities i%hiLh it caiinot meei 0￿1 of its assets.
If the conipan!. is iiound up or dissolied, and there remains anN' properts, after all dehts aiid
liabilities liai'e b¢cii Inet: tlie propert} mLlSt not be dislributed anion? ihe Inembeis of ihc coii)P1I 111..
Inste<ld, it mii%t ￿ gJiTr'en or Innsfetred to soiiie otlier Lharitsblc iiislitulioii. Tliis i)tlier instiliitioii
Iiiiist li￿21.e similar objects to tliose ol- Si_ s Paris1) Trusi and musl prohihii ihe distriliiition of
its iiicoine and propert!. ils members to an eiteni at least £lS eal as ilial reqLIITed bi, (llis
Memordndiim of Ass(Kiation.
OTHF.R TRADINCJ ACTII'ITIES
UnresÈri¢ied Total Funils Unrcstricled Total F unds
Fuiids
2023
Funds
20??
Inlonie from renl and leiiings
10?.047
10?.047
96.794
96.794
INVF,STMENT INCOMF.
UiiresiriLied Total Funds UiireslriLled T()lal Fiinds
Funds
2023
Fiinds
20?2
fl<1nk interest reLeii'abl¢
970
970
156
156

ST MARY'S PARISH TRUST
COMI'ANY LIMITF.D BY CIIARANTEE
NOTES TO THE FINANCIAL STATEMENTS (Continued)
YF.AR F.NDED 31 DF.CEMBER 2023
EXPENDITURE OiN CHARITABLE ACTIVITIES BY FUND TYPE
Unrestricted Total Funds Unresiricled Total Funds
Fiinds
2023
ijnds
20?2
Rent
Ligilit and Heal
Rep4lirs & Inaintenance
LeltinLJ ¢xpcnsCS
InsiIranLC
Cleaning
TelLplione
Deprcciation
Ma¥JagTenient & caretaking
10,595
21,6)7
16.394
973
5,Oi4
11,499
4,238
34,68)
10.i9i
21.657
16.394
973
5.Oi4
11.499
10.091
10.103
12.802
1.829
4.686
8,252
10,091
10,103
12,802
1,819
4,686
2,37()
33,559
28,458
7.419
2,4()8
(600}
2,000
34.68)
33.559
28,458
7,419
?,468
(600)
2,000
7.039
7.039
2.878
Consiitllable supplies & sundry.
Proi'ision for doubifiil debis
Goi'ernance costs
3.608
3.608
148.50?
148.i02
123,443
123,443
EXPENDITURF. OP4 CHARITABLE ACTIVITIES BY ACTIVITY TYPE
Aciii'itie5
nd¢rlaLe
Suptx)rt Tolal funds
21123
Total fui)ds
?021
Relit
Liiilit aiid Heat
Rep<lil'S &. 11)Ic inlenanve
Letting e.xp¢nses
Insiirance
l O.i9i
?1.657
10.595
?1.657
10,091
11.80?
97i
973
i.054
11.499
5,Oi4
11.499
4.686
Teleplione
DLpreLiation
l<ll)iioement & iarclaLing
2.376
33,559
?8.458
7.419
2,4()8
(6001
2,OU()
79.88?
7.039
2,878
Coiisumdble siipplies &. sundr¥'
Pri)N ision for doiibtfiil debts
Goi'ern<ince L()5ts
3.608
3.608
IU.894
3.608
148.iO?
1 ?3.443
12

ST MARY'S PARISH TRUST
COMPANY LIMITF.D BI, GuARA￿'TEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR F.NDED 31 DF.CEMBER 2023
ANALYSIS OF GRANTS
2023
?022
GRANTS TO INSTITUTIONS
Grants to Pc1rish of PutncN'
Totcll grants
Please refer to the Res¢rYes Polic), as set out on Paoe 3 of Ihe Trnstees. RetM)rt.
10. IYET EXPENDITURE
Net expenditure is slated atler charLiing=
2023
2022
Depreciation of tangible fixed asseis
33.559
I I. GOVF.RNANCE COSTS
2023
2022
Independent eiamination of the financial statemenis
Legal Fees
2,000
1,558
3.608
2,000
12. STAFF COSTS
The total staff costs and emplol'ee benefiis for the rew>rtii)g ￿rIOd arc anal)'sed as folloii's:
2023
?022
W<1ges and salarics
SoLial seLiirili" Losts
Emploi'er conlribiitions to pension plans
26,9?8
72?
808
830
846
28,458
The ai'erc1¥T¢ he<1d coiint of einploi'ees during the l.ear i1￿2S_ (?022.. 2). Tlie al'eraL￿e iiumbcr of fiill-
tinie eqiiii ¢ilent cmplol'ees diirin,. Ihe !"¢ar is anc?l!"sed as follvii"s'.
2023
?022
Adininislratii'e Stil11
Nc) tniplol'ee reLeiied einpli)!'ee benefils of more than £60.0(M) durinTr ihe ! ¢ar120??: Nil).
13

ST MARY'S PARISH TRUST
COMPANY LI￿l1TF.D BI, GIIARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
YEAR F.NDED 31 DECEMBER 2023
13. TRUSTEE REMUNERATION AND EXPENSES
Duringj Ilie )'e<ir ilo reiiiiii)L"ration or other benefils froni emplo)'ment ii'iih ihe charit). or a relaled
L'i)til)' iiere received b} Ihc tnistees.
14. TANGIBLE FIXF.D ASSETS
tAnd and Fiiture5 and
buildingFs
rittii)gJs
Total
Cost
At l 2023
Additioiis during tlie )"eiir
Disposals during thc )'ear
1.661.296
34,140
6,070
(5.877)
1,695,436
6.070
{5,8771
At 31 De¢ember 2023
1.661.296
1.69 j.6?9
Dei)re¢iation
Al l January. ?0?3
Char&Jc for Il)e I'eilr
Disposals during the }'ear
At 31 December 2023
567.941
597,084
34.685
15:877}
1,459
{i.877)
24.725
(All,167
62i.892
Carr¥'ing amount
At 31 Deeember 2023
1.060.1?9
9.608
1,069.737
At 31 December 2022
1.093,3$5
4,997
1.098.)5?
DF.IITORS
2023
2022
Tr<ide deht(Irs
Prep￿75.111etI1S aiid aiLriied iiicome
1.676
3.468
2,218
5,144
2,7) I
16. CRF.I)ITI)RS: amoiints falling due ii-ithin one l'ear
2023
?0??
AL¢fii{Ilb cliid dL,ferred incnme
F.LLl¢siastical risli of Si. ii-iih All Saints PLltnei'
Oil)¢r LrL'(lilors
5.533
3.9?0
?0 l)9?
1.630
3,686
?6, j4?
14

ST MARY'S PARISH TRUST
COMPANY LINqITF.D BY GUARANTF,F.
NOTES TO THE FIIYANCIAL STATEhlF.NTS (continued)
YEAR ENDF.D.II DEcE￿1BF.R 2023
17. PENSIONS AND OTHER POST RETIREMENT BENEFITS
Defined euntribution plans
The amouni recognised li) income or expendituff as an expense in relation to defined ¢ontributioii
plans ivas £846 {2022.. £808).
18. ANALYSIS OF CHARITABLF. FUNDS
UnTestricted funds
At31
Decenjber
At l Janucin"
2023
Inc￿ne Expendilure
2023
Gener<il Funds
1,118.630
103.017
(148.i02) 1,073.145
ANALYSIS OF NET ASSETS IIF.TWEEN FIINDS
Unrestrictcd Total Funds
Funds
2023
Tic ngible fixed asseis
Clirrent a55¢ts
Credit()rs less than l l'ear
1,069.737
1,069.737
{J1:845)
{31.845}
Net Asse15
1.073,145
1,073.145
Unresiricied Total Funds
2022
"l ang?ible filed asseis
Curi'ei)t clssets
C reditors less il)an l i'¢ar
1,098. J5?
1,098,352
46.8?0
{?6.5421
{26.i42)
1.118.630
Net assets
118.630
20. COMMITMENTS
St. MaiTr s Parisl) Triisi hcid iio cotnniitiiients for capiial ei]Rnditure ai J l Deccniber ?023 and Il)e
Triistees h<id not Iiih()rised an)" cl￿n￿lI11re for cl￿ piial Lominitii)eiiis ai Iliat d<11e. l?0?? £ NIL).

ST MARY'S PARISH TRUST
COIIIPANY LIMITF.D BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (continued)
YF.AR F.NDED 31 DECF.MBF.R 2023
21. RELATED PARTIF.S
The PCC of the Ecclesiastical Parish of Si Ma
No 1138?66
"ith All Saijils Puti)th-.
"The Parish"
Charil
At the acLounling date. the Trust oil'ed to the Parisli £?2,626 (2022 - £20,992) in respLXt of
expenses paid on behalf oftlie Triist.
The Parish has confirnied ihcit thev ivill noi call for repas'ment of the resi of the debis iinlil the
TrLlSt has siiffilient flind5. The Parish has 21$0 confiniied tlial it ii'ill proi'ide ali). fiJ)ai)Lial support
neLessary' to the Trust to ensure its coniinuaiion.
16