COMPANY REGISTRATION NUMBER: 06796689
CHARITY REGISTRATION NUMBER: 1128332
The Mary and Margaret Charity
Company Limited by Guarantee
Unaudited Financial Statements
31 January 2024

The Mary and Margaret Charity
Company Limlted by Guaranlee
Flnanclal Slatements
Year ended 31 January 2024
Page
Trustees, annual report lincorporating the directOT'S report}
Independent examinerfs report lo the trustees
Statement of financial activities (including income and
expenditure account)
Statement of financial position
Notes to the financial statements
The followlng pages do not form part of the flnanclal st&temenl8
Detailed statement of financial activities
Notes lo the detailed slatemenl of financial activities
13
14

The Mary and Margaret Charlty
Company Limlted by Guaraniee
Trustees, Annual Report (Incorporatlng the Dlrocior's Report>
Year ended 31 January 2024
The Iruslees, who are also th8 direclors lor the PUTPOS8$ ol company law, present Ih8ir roport and the
unaudited linancial statements ol lh8 charity lor the year ended 31 January 2024.
Relorence and •dmlnlslr8llve detall8
The Mary and Margarel Charity
1728332
Reglstered charlty name
Ch#rfty r8glslr8tlon number
Comp8ny reglslrntlon number 06796689
Prlnclpal offloè and reglster•d 3 Church Lan8
olllc•
Glaslonbury
Som8rsel
BA6 9JQ
Tho Iru•lo08
Mr O Holland
MrAJPuoh
Rev D McGeo¢h
Rev O Greenliehj
Ms E Tham
Mr J Hefiz Smith
Mrs E A Pearson
Mr C L Craig
Mr M W Fqahn
Mr P C Manning
(Dled 18 Juno 20231
IRetir8d 26 Juno 20231
IAppoini•d 22 Novemb•r 20231
COmp￿Y Secretary
D Holland
Independenl •xomlner
Birgil Kolschi FCCA MAAT
Selwood Accounls and Tax Ltd
36 Sèlwood Road
Glaslonbuiy
Somersel
BA6 8HW
Structure* governttnce •nd monagemenl
The board ol Trusl8&S meet regularly and arg rfysponsible lor the clay lo day runnino and
adminisiralion ol Ihe eharily, making orant applications and communicating wlh th8 DioGos6 and Sl
Benedicl's Chur¢tt in Glaslonbury.
Andrew Puah. a much valuod and (Igdicaled truslee digd and Sandra Booth, our lalenièd head
gard&ner f81iied. Both will be missed. In addition, Revd Diana Greenlield rosigned as she has moved
lo North Wales. The Irus18es will be seeking new p8ople lo lead the charity inlo the lulure.

The Mary and Margaret Charlly
Company Llmited by Guaranlee
Trustees, Annual Report (Incorporaling the Dlrecior's Report) (Wrflnu¢d)
Year ended 31 January 2024
Ob￿ctIV9$ and 8ctlvttle8
Th8 companvs objective8 ar8'.-
the advancement ol the Christian lailh in accordance with the doctiines ol thè Church ol
England.
the advancement ol the arts, culture and heritage,. and the advancement ol education
principally. Ihough not exclusivoly, Ihroltgh Ihe upkeep, developmeni aTrJ management ol the Royal
Magdalène Almshous8s and Sl Margaret's Chap81.
The Iruslees have had due regard lor th8 guidance published by the Charilies CoMmiss￿n on public
bgnglil, and ar8 satlsllod Ihat Ihe objeclivps meet the guldan¢e.
Achlevemgnts and performance
We beligve that we are the only local attraction lo 0118r free acce$$ lo all. LoO￿.￿g ahead we plan lo
delv8 de8per into th8 history ol the silè, il's design and structure and the crall skills needed lo build it.
This will then be in18rpr818d using digital technology to enable visitors lo access the information bul this
will also bè shared on a national education hub so that schools.sludenls and resgarchers can learn
about this important heritage site r8moiely.
After 700 yeats this Christian chapel is Still a plac8 ol connection.prayer and healing and il is important
lo pr8serye and proleei it. Wè are gratelul lo all Ouf Iruslees and volunlegrs lor thèir loving care and
support ol Ihls place.
FlTrancl81 revlew
The Iruslèos report a loss all8r depreciation of £7395 lor the year.
The r859rve policy ol the charity is lo hold funds lo ijntsrlak8 lulure projects and financial
commitments that may span over several yèars. Thgrg werg no material Commitments to SP9ciIic
projocls in this and the preceding accounting pefiod.As al 31 January 2024 the charity had unrestrioled
funds of £551951£62590-20231.
Plans for luturo perlods
Tho tfLl$tee¥ have been chaJlèng&J managing the movemenl in ihe gaNo ènd wall of th8
chapel.Cracks have appèared ov8r recent years and Ihe door has dropped making it more dillicull lo
open and close. We employed slruclural engineers to advise us and carry out remedial work. Th8 wall
now has s8veral stainless steel fods pulling the Iwo sides logelher slowly.They will b8 monitored over
thè next 5-10 pars.
Sm•ll company prov181on•
This report has L*8n prepargd in accordance Ihg provisions appIrat￿& lo companies enlilled to
the small compant9s exemption.

The Mary and Margaret Charlty
Company Llmll8d by Guarantee
Truslees, Annual Report (Incorporatlng ihe Direclor's Report) Iwillnufjdj
Year ended 31 January 2024
Th8 trustees, annual report was approved on 16 Soplember 2024 and signed on behalf ol Ihg ty)ard ol
trustees by..
Mfs E A Pearson
Trustee
D Holland
Char¢ty Secretary

The Mary and Margaret Charity
Company Llmlted by Guaranlee
Indop8ndent Examln8r's Report lo the Trustee8 of The Mary and Margaret
Charlly
Year onded 31 January 2024
I re￿rt lo the Irusiees on my examination ol the financial slalements c*1 Th¢ Mary and Marg*el
Charity I'lh6 charity) lor the year ended 31 Januaiy 2024.
Re•pon•lblllllo• •nd bfj•l• ol ieporl
A8 the Iru81008 ol the company land also ils dilgciors lor the puip¢$es ol company lawl you af8
r8sponsiblg for the preparation ol the linancial $lalwnènts in accordance with the r8quiremenis ol the
Companies Act 20061'lhe 2006 Acl'l.
Having satislied mysell Ihai the ac¢ounis ol th8 company are noi required lo be audited under Parl 16
ol the 2006 Acl and are oligible lor ind8pandenl examination. I reporl in resp8¢1 ol my examinali¢n ol
the charlty's accounts as carried oul under seclion 145 01 the Charitios Aci 2011 I'lhe 2011 Acl'l. In
carrylng out rny examinalion I have followed the Direciions given by Ihe Charily Commission under
secllon 1451511bl ol the 2011 Act.
Indopondont ex•mlnorf1 ¥latemenl
I hav8 complel8d my examination. l ¢onlirm Ihai no maii¢rs have t>)mo lo my attention In connocllon
with the examination olvlng me cause lo believe..
accounlino iecords ww• not kept in i08p￿t ol ltte charlly as requlred by seGllon 388 01 tho
20C6 Aci., or
th• Ilnancial slalèmenls do not ac¢ord wllh tho80 records.. or
the linanclal Slalemgnts do nol comply wllh the a¢¢ounling requlromonls ol g•¢tion 396 01
Iho 2006 Aci other than any requirem8ni Ihal the accounts glve a 'lrue and lalr, view whlch18
not a maller ¢onsid8red as parl ol an indapendenl examination,. or
the Ilnanclal slaigmenls havo not b8on prèpared in 8ccordanc8 wilh Ifio melhod$ and
prlncipl&s ol lh• Sialgmgnl ol R•commended Pra¢iico for accounling and reporlino by
charities applicatJ8 lo charities preparing thèir accounts in a¢cordance wllh tho Financial
Reporting Standard applicab19 in the UK and Republic ol Irèland IFRS 1021.
I have no con¢ern$ and have como across no other matters in connection with Iho examlnalion lo
which allènlion should be drawn In Ihls roporl in order lo enablè a propor underslanding ol the
accounls lo b8 reached.
8irgil Kolschi FCCA MAAT
Ind8pendenl Examiner
S8hvood A￿ount8 and Tax Ltd
36 Sglwood Road
Glaslonbury
Sorn8r$el
BA6 8HW

The Mary and Margaret Charity
Company Llmlted by Guarantee
Statement of Flnancial Actlvitles
(includlng Income and expndlture account)
Year ended 31 January 2024
2024
Unr8slricled
funds Total fund8 TotJ lun(Is
2023
No
Income ond endowment$
Donations and legacies
Total Ineome
39.524
39.524
39,524
20.832
39,524
20,832
Expendllure
EX￿ndituTe on charilal￿a aclivilies
Tolal expendlture
46,919
46,919
46,919
29,568
46.919
29,568
Nel exptrnd1tu￿ 8nd nel movement In funds
17,3951
17,395>
18,7361
Reconclllatlon of lunds
Total lunds brought forward
Total lund$ ¢•rr18d forward
62,590
62,590
55,195
71,326
62,590
55,195
The slalemenl ol financial aclivilles indudes all gains and losses recognised in the year.
All income and gxp8ndilur& derive Irom continuing aclivitses.
Th• nol•* on pago9 7 to 11 lomi part of those Ilnanclal Jtstemgnts.

The Mary and Margaret Charity
Company Llmltad by Guarantee
Slalement of Flnanclal Positlon
31 January 2024
2024
2023
14ot
Flxed a8•et•
Tanglb18 Ilx•d asseis
13
33,010
34,727
Currenl as8018
Stocks
Debtors
Cash al bank and in hand
14
15
1,400
310
22,204
23,914
1.350
200
26,448
27,998
Cr•dltorA: amountB1olllng duo wllhln one year
Nol currenl •••ol•
18
1,729
135
22,185
27.863
Toial a8•el• l••• curronl Il•bllS11••
5S,195
62,590
Fund• ol Iho ch•rlly
Unieslricted lund8
55.195
55,195
62,590
62.590
Total charlty lundA
For th8 yoar anding 31 January 2024 the Gharlly was enlillod to 8x8mpllon from audil under sec1￿￿
477 01 the Companlgs Act 2006 relallng lo small companios.
Dir•¢iors' rgspjnsibllllies:
Tho mambers have not required thè company lo oblaln an aud51 ol Its linancSal slat8m8nis lor th•
yoar in qu•$lion in accordance with 80clion 476,.
The directors a¢knowledge Iheir reswnsibililies lor complying wilh the requirements ol ihg Acl
with re$poci lo accounting records and the preparation ol linanclal sla18menls.
Thèso financial slal8m8nls have b88n prepared in accordance with the provisiong applicable lo
companies sublecl lo the small ¢ompani89' reoim8.
These Ilnanclal slalements w8r8 ap￿0Ved by Ihe board ol Iru81088 and aulhorisod lor Issuo on 16
Soplember 2024, and are slgned on behdl ol the board by..
Mi D Holland
Trusloè
Mrs E A Pèarson
Trusleo
Th• nol•• on pogm 7 10 11 lorm p•rt ol Ih••• Ilnancw •tslwn•nl•.

The Mary and Margarel Charlty
Company Limlted by Guarantee
Notss to Ihe Flnanclal Statemenls
Year ended 31 January 2024
Gener81 Infom)8llon
The charity is a public benelit entity and a Pfivate company limiled by guarantee, reg151ered in
England aThY w￿&S and a registered charily in England and WJes. The address ol the regislerod
oflice is 3 Churth Lane, Glaslonbury. Somersot. 8A6 9JQ.
Statement ol compllance
These linanryal slaloments hav9 been prepared in Gotnpliance with FRS 102, The Financial
Reporting Standard appliCat￿e in the UK arKJ the Republic ol Ir8land', th8 Slalemeni ol
Recommendod Practice applicable lo ¢hari11os preparing their accounts in accordance with the
Financial Reporting Siandard applicable in the UK and R6public ol Ireland IFRS 1021 Ichanlies
SORP IFRS 10211 and the Companies A¢1 2006.
Aecountlng pollcles
Basls of preparallon
The financial sialemenls hav8 been prepared on ihe hisiorical cost basis, as modllied by ihe
revaluaiion ol cerlain financial assets and liabilities and investment propertios measured al lair
v￿ue through incom8 or expendilui8.
Th¢ linancral statements are prepar0d in sterling, which is the functional Currency of the onlity.
Golng Concern
There are no material un¢ertainlies about the charity's ability lo continue.
Judgements and key sourceB of e8ilmallon uncertalnly
The preparation ol the financial slalements requires rnanaaernènl lo make judgements,
eslirnaies and assurnptions that allocl the amounts reported. These eslimal8s and judgements
are continually reviewed and are based on ex￿rienCe and other factors. including expectations ol
luturo events that arg believèd lo be reasonable under the circumstances.
Fund accounllng
Unreslricled Ikjnds are available lor use al the discrotion ol the Iruslees lo ILÈrthw any ol Ihe
charily's purposos.
08sionai8d funds are unr&slrict8d lunds earmarked by the Iruslees for particular lulur8 projtscl or
commilmeni.
Reslriclgd lunds aro subjected 10 restrictions on their expenditure d8clarod by lh8 donor or
Ihrouoh tho 18rms ol an appeal. and I￿1 into one ol two sub-classes.. r8slTici•d income funds or
&ndowmenl lunds.

The Mary and Margaret Charlty
Company Llmited by Guarantee
Notes to tho Financlal Statements {•71fvllt8dJ
Year endod 31 January 2024
Accountlng pollclei {eOnvn￿￿J
Incomlng re8ouice•
All 1r￿o￿lng resources are included In the Slalemenl ol linanclal aclMb88 when eniiuemenl has
pass￿1 lo the charity,. it is probable that tho economic beneltts associated wlh the transaction will
flow 10 Ihe chwtty and the amount can be reliably rngasured. The lollowing spocili¢ pol￿108 ar8
applied lo particular categories ol incom8'.
income from donations or grants rs recognised when Ihorg is evidence ol entillemenl lo Ihe
gill. receipt Is probable and its amount can b8 m8asured reliabty.
legacy incomg is recognised when re¢eipl is probatA8 and 8nlillemént IS gs1*ish8d.
income Ifom donated gotxls is measurod al the lair value ol the go¢xls unless Ihis L8
ImpraCt￿al lo measure reliably, in which case th8 vaue is derived from the cosi lo the donor
or the eslimaled resale valua. Donaled lacililies and services are recognised in the accounts
when received il the value can b8 reliably measured. No amounts afe Includ￿ lor the
conlribLttion ol general volunl8ors.
incom8 from contracts lor the supply ol sermces is i8￿gniSed witt) tho delivwy ol th6
contracl&Y service. This is classified as unreslricled lunds unless ther8 is a contractual
raquiremenl lor il to be sp8nl on a particular purp098 and returned il unspent. in which case
il may be reoardod as r&slricted.
Rasources expendod
Expenditure is recognised on an acGruals basis as a liabilily is incurred. ExFendilurg includes any
VAT which cannot bo lully recovered, and is classified under headings ol thg slalemenl ol
Ilnancial activities lo which il relal8S'.
exp8ndilur8 on rwsing lunds includes the costs ol all fundraising acllvilies, &venis. non-
charilable trading aolivilies, and the sale ol donated goods.
expenditure on charitable acliwlias includes all costs incurred by a charity in undertaking
aciivilies that further ils charitable aims lor the benefit ol ils beneficiwies, including those
support costs and costs relating lo the govgrnance ol the charity apportion&l to charitable
a¢livilie5.
other expe￿Illure includes all expenditurè that is neilh8T related to Taising funds lor the
charity nor part ol ils expendilure on charitable activiti8s.
All costs arg allocated to &Kpendilure categories reflecting the use ol the resource. Dlrecl costs
attfibulable lo a sinol& activity af8 allocalgd dir8etly to that aclivily. Shared costs are apportioned
betr4een th8 acllvilies they contrib(rt• to on a roa50nabl8, jusliliable arKJ consisienl basis.
T•nglble a$80ts
I fixed assets a18 initj.ally 18¢orded ai Coyi.

The Mary and Margaret Charlty
Company Llmited by Guarantee
Notes to Ihe Flnanclal Statement8 (conllnuOLI)
Year ended 31 January 2024
Aceountlng pollcles {conllnu•d)
Depre¢L8llon
Depreciation is c￿cUlated so as lo wrlle oll lh8 co$1 or vduation ol an assot. less Its rosidual
value. over Iho uselul economic life ol Ihal asset as lollowg..
2Vo straiohl line
10% straight line
Land and Buildings
Fixlur8s and Fillings
Impalrn)gnt of Ilxod u8et•
A review lor indicators ol Impairmenl is carrigd out al each rtporling dale. with Ihe recovèrable
amounl boing eslimai•d wherg such indicators exisl. Whoro Ihe Carr￿n0 value exeèods the
recoverable amount. th8 asset is impaired accordingly. Prior impairmonl$ are also roviewed lor
possiblo rèversal al gach raporting ¢JalO.
For th8 purposes ol impairment lesling, when il is not possible lo &slimale the rocov8rabl8
amount ol an indivKlual assel. an eslimale is mado ol tho recoverable amounl ol the cash.
gonoraiing unil lo which the asset bèlonos. Th8 cash-generatino unil Is the smallèsl Idenliliable
group ol ass•is that Includos tho assal and generates Gash inllows that largoly indopendenl ol Ihe
ca$h inllows from other ass8ls or groups ol assets.
For impairmonl l¥$ling ol goodwill, tho goodwill acquiiod in a bu$ino9s ¢ombinalion 1$, Irorn Ihe
acquisition date, allocaled lo 8ach ol Ihe cash-generaling units that ar8 expoGled to l)enelil Irom
the synergies ol Ihe combination, iirespecllvo ol whelh&r Olher assets or liabililigs ol Ihe charity
are assigned lo Ihosg unils.
Siock#
Stocks arè measured ai the lower ol cosl and e$tlmaled selllng prl¢o less Costs lo comple18 and
sell. Cost includes all costs ol purchase, cosls ol cnnversion and other cost$ incuired in bringing
the stock 10 Ils pies•nl location and condition.
Umlted by gujronloe
The company is limited by guarante&.
Donollons and legocle8
Unr¢8lrictod Total Funds Unreslricted Tolal Funds
Funds
2024
FutKIs
2023
Donallons
Donaiions and lundraising events
Shop in¢om8
11,504
28,020
39,524
11,504
28,020
39.524
6,092
14,740
20,832
6,092
14,740
20,832

The Mary and Margaret Charlty
Company Limlted by Guarantae
Notes lo the Fln8nclal Slatements (willnu•d?
Year ended 31 January 2024
Expendllurn on charllable 8¢tlvllS08 by fund typo
unreslric18d Totsl Funds Unr¢siri¢tèd Total Funds
Funds
2024
Funds
2023
Donaltons received
46.919
46.919
29,568
29.568
Expendllure on ch•rltable actlvllle• by •¢tlvlty typo
A¢iivili08
undertaken Totsl lund•
diroctly
2024
Total fund
2023
Donalion8 rec•iv•d
46,919
46,919
29.568
An•ly•l• ol •upporf co•1•
Analysls ol
support costs
actlvily 1 Total 2024 Told 2023
Generai ollic8
4.785
4,785
3,014
Nfjl exp•ndllure
Not expendllure 1$ $iaied aller charglngllcrodliingi-.
2024
2023
Depf•o4allon ol langlblo Ilxod a8se18
1,717
1,717
10. Ind•p•nd•nl 0￿mInatIon l•••
2024
2023
Faos payabl8 lo the indgpondgnl gxaminor for..
Independent examination ol the linanGial slalèmenls
600
11. 8lall cos1•
The av8rag8 head couni ol •mployees durlng the year was 1212023.. 121. Thè av8raoe numbor
ol lull-lime equivalent •mploye8s durino the year is anaysed as lollows.
2024
No.
2023
No.
Volunteer staff
12
12
No 8￿￿0Yea rece￿$d omploy80 tenelils ol more than £60,O¢JO during the ￿ar12¢Y23. Nill.
10-

The Mary and Margaret Charlty
Company Limlted by Guaranioe
Noles lo the Flnanclal Slatemenls i¢Mtlnu•d)
Year ended 31 January 2024
12. Trustee remunerntlon and expense•
no r8muneralion OT other bonelils Irom amploym8nl wih the chw'ty or a felaied enlily wero
r8cwved by the Irusiees.,
13. Tanglble flxed assets
Land and Fixtures and
buildings
fillings
Total
Co•1
At 1 February 2023 ond 31 J8nu•ry 2024
Deprecootlon
Ai i Febiuary 2023
Charoe lor the year
Al 31 J•nuary 2024
C•rrylng amount
Al 31 J•nu8ry 2024
Al 31 January 2023
41,427
8.899
50,326
9.902
828
5,697
15,599
1,717
17,310
10,730
6,586
30,697
2,313
3.202
33,010
34,727
31,525
14. Slock•
2024
2023
Raw materials and consumable8
1,400
1,350
15. OeblOf•
2024
2023
Trade d&blors
310
200
16. Credllor•: amoun1• l•lllng duo wiihln one ye•r
2024
2023
Trade creditors
1,729
135

The Mary and Margaret Charlty
Company Limlted by Guaranlee
Note8 to the Dolalled Sl8l•m•nt of Flnanclal Actlvltles
Year ended 31 Januory 2024
2024
2023
Expendlture on charltsbl• acllvllles
Don8tlon8 rwcelved
Actlvltle8 undertoken dlrnclty
Opèning slo
Purchases
Closing stock
Aales & walor
Light & heal
Repaifs & mainlenan¢e
Insurance
Prolessional leos
OlliG& and Admlni8lralion ¢0818
D8pr8cialion
Advertising. brochurès. siallonery and website
Garden. shop and chapel oxpen$es
Evenl cos1$
88nSt chafg•s
1.200
6,403
11,3501
219
1,356
9,693
793
J4,226
(1.4001
353
2,156
13,285
627
600
3,014
1,717
924
4,001
1.520
78
1,717
1.907
6026
1297
46.919
29,588
Ex￿ndItur• on charftsble •dl¥llle•
46,919
29,568
14-