ANNUAL ACCOUNTS FOR THE ST RAYMUND TRUST/ENDOWMENT FUND
| 2022 | INCOMEin 2023 | 2022 | EXPENDITUREin 2023 | ||||
|---|---|---|---|---|---|---|---|
| Income intended for capital: | Ordinary expenses: | ||||||
| 256 | Single donations | 610.00 | 134 | Milner Chapel: candles, wafers, | travel | 64.22 | |
| 250 | Standing order x 1 | 250.00 | Ordinary Expenditure | £64.22 | |||
| 248 | HMRC Gift Aid refund | 0.00 | For the increase of capital: | ||||
| 0 | Sale of marmalade | 30.00 | 890.00 | 650 | Shares bought during the year | 1,000.00 | |
| Income available for grants & expenditure: | Combined expenditure | £1,064.22 | |||||
| 321 | Dividends from investments | 265.89 | 265.89 | Excess of income over expenditure | 91.67 | ||
| Ordinary Income | £1,155.89 | £1,155.89 | |||||
| BALANCE SHEET for 2023 | |||||||
| BEGINNING OF THE YEAR | END OF THE YEAR | ||||||
| Current Account | 401.19 | Cheque from Barclays Bank | 492.86 | ||||
| Capital Fund, at the end of 2022 | 8,200.00 | Initial Capital – 545.15 shares | 8,200.00 | ||||
| Opening balance | £8,601.19 | Shares | bought in 2023 – 46.25 | 1,000.00 | |||
| Excess of income over ord. expenditure | 1,091.67 | Total share capital at year’s end | 9,200.00 | ||||
| £9,692.86 | Closing balance | £9,692.86 | |||||
| Nicholas Turner, | Hon. Chairman | Robert Hall, Hon. Treasurer |
ACCOUNTING NOTES
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Income A notable increase in individual donations; no change over standing orders; one quarter’s dividends postponed (until 2024) over the Barclays debanking challenge.
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Gift Aid No Gift Aid refund could be claimed from HMRC this year because of the Barclays debanking; postponed to 2024.
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Credit Four cheques for donations, amounting to £265, await being paid into the new account with Nat West Bank.
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Expenditure Only modest costs this year for the services at Milner Chapel; with thanks to those priests who have covered their (often significant) travel costs, and in some cases gift aided them to the Charity.
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Increase to capital Our capital consists of shares in the Church of England Central Board of Finance Investment Fund (Income shares), a fund specifically set up and managed for church charities such as ours.
We bought a further 46.25 shares, at the cost of £1,000, on 7[th] March. Added to the existing holding of 545.15, that gives us an end of year total of 591.40 shares. At a value of £22 a share, they had a market value of £13,000.
- : Bank details for gifts & donations
A/c name : St Raymund Endowment Fund Sort code : 51-61-35 (Nat West) A/c number : 83065679
A Charitable Incorporated Organisation
supporting the work of the The Society of St Wilfrid & St Hilda within the Diocese of Leeds
ST RAYMUND ENDOWMENT FUND
formerly known as St Raymund Trust
Charity Commission no.: 1191892 Registered in 2020
ANNUAL REPORT FOR 2023
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❖ A full year of monthly Masses celebrated by Society priests at the Milner Chapel at Parcevall Hall gave real support to isolated Traditional Catholics in the west of the diocese. The Charity continues to assist this ministry.
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❖ The biggest feature of the year was being debanked by Barclays, (ours was not the only charity to be so treated). Fortunately, Nat West proved more welcoming and at the end of the year we were in the process of establishing the new accounts. This explains some of the details in the accounting notes.
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❖ The Trust dated back to 2008; we became a CIO in 2020. Since then, the Charity Commission has been keen to refine and promote this relatively new form of charitable constitution; it also encouraged our change of name.
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❖ Mrs Sally Firth FCA CTA joined us as a trustee; and will take over as treasurer once the new bank account is functional. Opening an account is an arcane process, but made easier with only three trustees. Our thanks to Canon David Nicholson and Mrs Mary Speight who have (temporarily) stepped down.
Trustees: Mr Robert Hall : Mrs Sally Firth Canon Nicholas Turner