## Activities of the St Mary with St Paul Trust for 2023
## **Members of the Trust**
Leslie Atwood (Chairman) Paul Durkin Frank Batt Rev Sian Yates
## **Meeting Dates**
The Trustees met on 8[th] February 2023 to review the financial performance and to consider funding proposals for 2023. A further virtual meeting was held in October 2023 to approve the 2022 accounts that had been circulated.
## **Trustees**
It was proposed that Rev. Sian Yates should ask Valerie Cock to become a Trustee.
## **Awards Made**
An award of £8,000 towards the cost of the administrator for the Penlee Cluster was approved. It was also agreed that further funding would be available to fund a grant bid writer would be considered when a firm proposal was received. Other funding would require clear proposals to be submitted. The trustees would meet when such proposals were submitted.
## **Costs**
Accrued costs for John Underhill (Independent Examiner) of £400 would be paid by Paul Durkin and it was agreed to pay him on submission of a reclaim.
It was further agreed that John Underhill be re-appointed as Independent Examiner.
ST. MARY WITH ST. PAUL TRUST REGISTERED CHARITY NO. 1133891
RECEIPTS AND PAYMENTS ACCOUNT AS AT 31ST DECEMBER 2023
|**RECEIPTS**
Investment receipts
Dividends received
Other receipts
Sale of ivestments
**TOTAL RECEIPTS**
**PAYMENTS**
Awards
Investment Management Fees
Independent Examination
Purchase of Investments
**TOTAL PAYMENTS**
SURPLUS/(DEFICIT) before transfers
Transfer between funds
Bank and cash blaances at 1 January 2023
Bank and cash blaances at 31 December 2023|_Unrestricted_
_Funds_
£
1,122
10,873
11,995
8,000
534
400
8,934
27,163
36,097
-24,102
32,670
8,568
£13,853
£22,421|_Endowment_
_Funds_
£
13,218
92,994
106,212
0
5,231
5,231
93,941
99,172
7,040
-32,670
-25,630
£32,417
£6,787|_TOTAL_
_2023_
£
14,340
103,867
118,207
8,000
5,765
400
14,165
121,104
135,269
-17,062
0
-17,062
£46,270
£29,208|_TOTAL_
_2022_|
|---|---|---|---|---|
|||||£
12,167
48,641|
|||||60,808|
|||||0
5,290
0|
|||||5,290
38,565|
|||||43,855|
|||||16,953
0|
|||||16,953
29,317|
|||||£46,270|
ST. MARY WITH ST. PAUL TRUST REGISTERED CHARITY NO. 1133891
|STATEMENT OF ASSETS AND LIABILITIES
AS AT 31ST DECEMBER 2023
Investments at cost
Note 1
Monetary Assets
Funds held by Brewin Dolphin
Bank Account
Monetary Liabilities
Accrued Charges
Note 1
The market value of investments as at
Paul Durkin Treasurer|_Unrestricted_
_Endowment_
_Funds_
_Funds_
£37,093
£422,563
5,801
6,787
16,620
£22,421
£6,787
£400
£0
31 December 2023 was £534,076 (2022 £492443)|_TOTAL_
_2023_
£459,656
£12,588
16,620
£29,208
£400
Date
2 October 2024|_TOTAL_
_2022_|
|---|---|---|---|
||||£422,308|
||||41,250
5,020|
||||£46,270|
||||£600|
|||||
•: JLU Consultancy
The Old Stsndard Keigwin Place Mousehole Pen7gnce TR19 6RR
John L U4derhill ¥CA
The Trustees
St Mary with St Paul Tnt
35 For¢ Street
Newlyn
Penzance
TR18 SJP
TellFax:
01736 73?070
07718 7811$6
Emlil..
(r referen¢¢:
Ywr refere4K¢.
7 October 2024
Independent examiner's Report
I r¢port to the trustees on my examination of the Re(YiPts and Payments account of the trust for
the year ended 31 December 2023.
Re8ponsibilitieJ Ind basis of report
The trustees are resN)nsible for the prepardtion of th¢ accounts. I rew)rt in respect of my
examination of the Tnt'S accounts. In carrying out my examination I have followed all the
applicable Directions given by the Chan'ty Commission.
Independent examiner'$ statement
I have completed my examlnation. I confimi that no malerial matters have come to my
attention in connection with the examination giving me Cause to believe that in any material
res¢t.
accounting records were not kept" or
the accounts do not accord with those r¢¢ords.
I have no concerns and have come across no other matters in wnnection with the examination
to which attention should be dra in this rewrt to enabl¢ a proper understanding of the
accounts to be reached.
ohn L Underhill