## Activities of the St Mary with St Paul Trust for 2024 ## **Members of the Trust** Leslie Atwood (Chairman) Paul Durkin Frank Batt Valerie Cock Tim Bedward (appointed 21 March 2024) Heather Ottoway (appointed 21 March 2024) Rev. Sian Yates (retired 30 April 2024) ## **Meeting Dates** The Trustees met on 21st March 2024 to review the financial performance and to consider funding proposals for 2024. An email confirmation was undertaken in October 2024 to approve the 2023 accounts that had been circulated. ## **Trustees** Rev. Sian Yates retired as trustee in April 2024. Tim Bedward and Heather Ottoway were appointed trustees on 21[st] March 2024. ## **Independent Examiner** It was agreed that John Underhill should be reappointed as Independent Examiner. ## **Awards Made** It was agreed that £8k would be available to support the salary of the administrator of the Penlee Cluster as in previous years. It was recognised that there is a need for help towards the installation of the new heating system in St. Marys church. While not required immediately, it was agreed that a grant of £6k would be made to support this to be called on when required. ## **Costs** Accrued costs for John Underhill (Independent Examiner) of £200 would be paid. ST. MARY WITH ST. PAUL TRUST REGISTERED CHARITY NO. 1133891 ## RECEIPTS AND PAYMENTS ACCOUNT ## FOR THE YEAR ENDED 31ST DECEMBER 2024 |**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 2024
Bank and cash blaances at 31 December 2024|_Unrestricted_
_Funds_
£
12,821
16,228
29,049
8,000
371
200
8,571
18,068
26,639
2,410
£22,421
£13,460|_Endowment_
_Funds_
£
1,450
186,214
187,664
4,946
4,946
198,437
203,383
-15,719
£6,787
£1,988|_TOTAL_
_2024_
£
14,271
202,442
216,713
8,000
5,317
200
13,517
216,505
230,022
-13,309
0
-13,309
£29,208
£15,448|_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| ST. MARY WITH ST. PAUL TRUST REGISTERED CHARITY NO. 1133891 |STATEMENT OF ASSETS AND LIABILITIES|STATEMENT OF ASSETS AND LIABILITIES|||||||| |---|---|---|---|---|---|---|---|---| |AS AT 31ST DECEMBER 2024||||||||| |||_Unrestricted_||_Endowment_||_TOTAL_||_TOTAL_| |||_Funds_||_Funds_||_2024_||_2023_| |Investments at cost|Note 1|£33,887||£545,658||£579,545||£459,656| |Monetary Assets||||||||| |Funds held by Brewin Dolphin||5,040||1,988||£7,028||12,588| |Bank Account||8,420||||£8,420||16,620| |||£13,460||£1,988||£15,448||£29,208| |Monetary Liabilities||||||||| |Accrued Charges||£200||£0||£200||£400| |Note 1
The market value of investments as at 31 December 2024 was £579,545 (2023 £534,076)|||The market value of investments as at 31 December 2024 was £579,545 (2023 £534,076)|||||| ||Genahin|||||||| ||—|||||||| |||||||12 October 2025||| Paul Durkin Treasurer Date JLU Consultancy The ()Id Standard l¥eigJvin Place Mousehole Penz4nee TR19 6RR John L Underhlll MA FCA Thc Trustees Si Mary with St Paul Trust 35 Forl Strc¢l Newlyn Pcnzance Tdffiax. M(l>ile: Emwl.. 01736731712 07718 781156 Our ref¢rcnce: Your referen¢e'. TR18 5JP 14 Cktober 2025 Independent examlner's Report l ffpon io the trusiees on my examinaiion of the Receipis aTKI Payments accouni of ihe trust for the year ended 31 December 2024, Re8ponJlbiiiileJ and baJ6J of report The tr￿tee5 are res￿nsIble for the preparaiion of the aLxounlS. I rep)rt in respeci of my examination of the Trust's accounis. In carrying out my examinaiion I have followed all the applicahle r)irection8 given hy the Charity Commi&4ion. Independent examiner'8 8latemenl I hav¢ compl¢kd my examination. I confinn ihat no material matters have comc to my attention in connection wilh ihe examination giving me cause io believe thai in any material rcspcct: • accountin¥ records were not kept: or the accounts do not accord with those ffcords. I have no concerns and have come across no other matters in connection wilh the examination to V•'hich aiteniion should be drawn In this r¢wrt io enable a propcr underslanding o( Ihe accoun15 10 be rL%ched. John L Underhill