Activities of the St Mary with St Paul Trust for 2020
Members of the Trust
Leslie Atwood (Chairman) Paul Durkin Frank Batt Tim Jones (left 20 October 2020) Valerie Cock (left 13 October 2020) Rev Sian Yates Victoria Howard (appointed 20 October 2020)
Meeting Dates
9 January 2019 10 July 2020 13 October 2020 20 October 2020
Trustees
Changes to Trustees during year as set out above.
Awards Made
| 10 | July 2020 | Penlee Cluster | £10,000 |
|---|---|---|---|
| 10 | July 2020 | Holiday Club | £2,000 |
| 20 | October 2020 | Penlee Cluster | £17,500 |
| 20 | October 2020 | St. Mary’s Church | £4,000 |
Awards reflected the increase requirements of the churches and the Cluster to support the increases in expenditure and requirement for financial assistance due to the Covid pandemic.
Costs
Accrued for John Underhill (Independent Examiner) £200
ST. MARY WITH ST. PAUL TRUST REGISTERED CHARITY NO. 1133891
RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31ST DECEMBER 2020
| Unrestricted | Restricted | Endowment | TOTAL | TOTAL | ||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2020 | 2,019 | ||
| £ | £ | £ | £ | £ | ||
| RECEIPTS | ||||||
| Investment receipts | ||||||
| Dividends received | 754 | 10,959 | 11,713 | 13,463 | ||
| Other receipts | ||||||
| Sale of ivestments | 13,636 | − | 127,219 | 140,855 | 117,771 | |
| TOTAL RECEIPTS | 14,390 | 0 | 138,178 | 152,568 | 131,234 | |
| PAYMENTS | ||||||
| Awards | 29,250 | 4,000 | − | 33,250 | 18,000 | |
| Investment Management Fees | Investment Management Fees | 326 | 4,506 | 4,832 | 4,885 | |
| Independent Examination | 400 | 400 | ||||
| 29,976 | 4,000 | 4,506 | 38,482 | 22,885 | ||
| Purchase of Investments | 17,216 | − | 108,476 | 125,692 | 107,276 | |
| TOTAL PAYMENTS | 47,192 | 4,000 | 112,982 | 164,174 | 130,161 | |
| SURPLUS/(DEFICIT) before transfers | -32,802 | -4,000 | 25,196 | -11,606 | 1,073 | |
| Transfer between funds | 33,604 | -151 | -33,453 | 0 | − | |
| 802 | -4,151 | -8,257 | -11,606 | 1,073 | ||
| Bank and cash blaances at 1 January 2020 | 7,926 | 4,151 | 13,035 | 25,112 | 24,039 | |
| Bank and cash blaances at 31 December 2020 | £8,728 | £0 | £4,778 | £13,506 | £25,112 | |
| ST. MARY WITH ST. PAUL TRUST | ||||||
| REGISTERED CHARITY NO. 1133891 | ||||||
| STATEMENT OF ASSETS AND LIABILITIES | ||||||
| AS AT 31ST DECEMBER 2020 | ||||||
| Unrestricted | Restricted | Endowment | TOTAL | TOTAL | ||
| Funds | Funds | Funds | 2020 | 2019 | ||
| Investments at cost | Note 1 | £31,901 | £383,150 | £415,051 | £385,451 | |
| Monetary Assets | ||||||
| Funds held by Brewin Dolphin | 3,708 | 4,778 | 8,486 | 19,895 | ||
| Bank Account | 5,020 | 5,020 | 5,217 | |||
| £8,728 | £0 | £4,778 | £13,506 | £25,112 | ||
| Monetary Liabilities | ||||||
| Accrued Charges | £200 | £0 | £0 | £200 | £200 | |
| Note 1 The market value of investments as at 31 December 2020 was £529,106 (2019 £525,745) |
30 October 2021 ~~— ; —.~~ Paul Durkin Treasurer Date