Trustees Report and Accounts The Mary Dains Charity Registered Charity No. 1197401 Financial year to 31" December 2023 Object of the Mary Dains Charity (Registered charity no. 1197401) 111 The object of the charity is to advance the non-conformist Christian Religion through the provision and maintenance of a Mission Hall. 121 The relief of poverty in the area of benefit by the provision of facilities, grants, items or services to individuals in need or or8anisation5 5UPPOrting those in need including through the provision of accommodation. This wording had been altered slightly by the Charity Commission to the above when on 10th January 2022, the Charity Commission approved the creation of THE MARY DAINS CHARITY as a Charitable Incorporated Or8ani5ation with the registered charity number 1197401. This alteration. made at the request of the 4 tnjstees after discLJS5ion with the Charity Commission, was sufficient to allow the chapel building to be used for wider community purposes to give it a practical future as well as for non-conformist religious purposes. The Trustees The trustees since 2021 and during this financial year have continued to be: Peter Hill Diana Hov Kimberly Ledger Steve Mountain We have been willing to take on the challenge of 8ivin8 the former charity of MARY DAINS'S MISSION AND HOLIDAY FUND CHARITY1253412) a charity which had assets of a 4 bed-roomed manse although in poor condition, a Chapel / Mission Hall built in 1877 althou8h in deteriorating condition and poor facilities. sittin8 on a 314 acre plot of land. and dwindling financial reserves, a positive future. This challenge ha5 involved.. Revising the Objects of the original charity to give greater flexibility in the future use and purpose of the Chapel / Mission Hall This purpose recognises that the charity needs an income to sustain itself Turning the former unincorporated charity into a CIO Registering title to the property in the name of the CIO where it had not been been previously registered with the Land Registry. Sale of The Manse with investment of the proceeds in refurbishing the Chapel and adding modern toilets and a proper car park at the side of the building Having retained half of the land, to bulld some almshouse bun8alows for the benefit of the local and nearby villages with whatever funds were remaining. Trustees Report for the year to 31" December 2023 During the whole of 2023, the trustees have been focussed on the sale of the Manse. This has proved to be very difficult and tine consuming due to the state ofthe property market, the deteriorating condition of the Manse and the poor state of the economy in general as well as the substantial increase in interest rates. In addition, before we could market the property properly, we needed to have the property registered in the name of the CIO. It wasn't until late December 2022 that we were advised that the Land Registry had registered the property for us. Lots of interest wa5 shown in the property during 2023 which led to nowhere. A Sale of the property was finally concluded on 31 May 2024. The Mary Dain5 Charity {Reg No. 1197401} Accounts forthe year ending 315t December 2023 31-Dec-Z3 31-Detr22 In￿me Dividends Fees Grants Donations Other £579. £3XJ. £o.IxJ £576.gJ £450.(NJ £O.(M) £o.(KJ £0. £145.26 £1,074.39 £1,026.90 Ex endlture Gas & Electricity Water Gardening Council Tax insurance Other Costs .£728.45 .£78.40 -£438.25 -£4.850.70 -£1.277.30 -£753.DJ £2Q).53 £1,455.47 £385, £2,736.01 EI,235.80 £￿(0 -£8.126.10 £6.012.81 Éxcèss Expendlture over Income: .£7,051.71 -£4,985.91 Cash Assets Barclays Bank Brou8ht Fwd lJan21)23 Les5 Excess Exp over Income E17,258.48 -£7.051.71 £10.2C6.77 £22.244.39 -£4,985.91 8alan¢e = £17,258.48 Barclays Bank C/Fwd at 310ec2023 Lèss Credltor £IO,X6.77 £18,421.57 £1,163.09 Balance- £17,258.48 Investments at 31 Decemb r 2023 Value COIF Charitres Investment Fund-Al¢ 26344(fllT Income Units11,(￿3 units) A/c 263440001R - Recoupment Alt183.20 unitsl- Alc 26344o￿2R- ERF194.52 Units1= Blackrock CharltSes UK bond Fund Accumulation Alc No. C(0)4237IUnits 97.3631= £19,292.71 £18.336.26 £20,831.05 £19,292.71 £18,336.26 £20,831.05 .250.07 £4,250.07 Total Value Investments at 31 December 2023 £61711109 £61710.09 Signed.. Peter Hill, Chairman, The Mary Dains Charity Date CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From Period start date: To Period end date: 1st January 2023 315t December 2023 Charity name: The Mary Dains Charity Charity registration number: 1197401 Objectives and Activities SORP Fefei*n¢e Para 1.17 Summary of the purposes of the charity as set out in its governing document okieds of the dwiity a￿. l. To advance the non-conformist Christian Religion through the provision and maintenance of Mission Hall. l The relief of poverty in the area of benefit by the provision of facilities, grants, items or services lo individuals in need or organisations supporting those in need including through the provision of ac¢ommodation. The'area of trRneff' means Tnmley St Mary, TriM￿Y St Martin, lfj'rton. Falkenham and the SUrr￿ndIng areas. Summary of the main activities in relation to those purposes for the public benefit, in particular, Ihe aclivities. projects or services identified in the accounts. Para 1.17 an¢ 1.19 During 2023. the trustees have concentrated their efforts on looking to sell the 4 bedroomed Manse which no longer has anyone living in it. By selling the Manse. with the proceeds, the trustees can re-furbish the Chapel / Mission Hall and hopefully have enough left over to build some almshouses on the retained land which was not included in the sale. Statement confimiing whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit Para 1.18 The trustees believe their strategy will bring maximum public benefit. Additional infonnation (optional) You ma choose to indude further statements where relevant about.. SORP referen(* The trustees are a long way off from offering any grants and are yet lo have need of a policy. Para 1.38 Policy on grant making The trustees are yet to have sufficient funds to consider a programme of social investment. Para 1.38 Policy on social inveslment including program related investmenl All of the 4 trustees give their time and efforts freely and with no financial reward. Para 1.38 Contribution made by volunteers Other Achievements and Performance SORP r•ferenc* Without the efforts of the 4 Irusle8s. we do nol know what would have happened without us, as when we volunteered to take over in March 2021. the charity only had one trustee who had been diagnosed with dementia. We have been working since then to give the chartly a sustainable future. Summary of the main achievements of the charity, id8ntifying the difference the charily's work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. Para 1.20 Additional infomiation {optional) You ma choose to include further statements where relevant about.. Achievements against objectives set Para 1.41 Perfomiance of fundraising activities against objectives set Para 1.41 Investment perfomance against objectives Para 1.41 other Financial Review Review of the charity's financial position at the end of the period Para 1.21 The trustees remain concerned about the level of the charity's cash assets at the end of the period and are anxious to sell the Manse as soon as possible Statement explaining the policy for holding reserves stating why they are held P8rn 1.22 The trustees have no specific policy about holding reserves until all ne￿sSary expenditure has been mel. Amount of reserves held Para 1.2Z At 31st De￿rnber 2023 this was £10,206.77.48 in a bank account and £69.675.58 in investments. Rèasons for holding zero reseNes Details of fund malerially in deficit Explanation of any uncertainties about the Charity continuing as a going concern Para 1.22 Nla P8ro 1.24 Nla P8ra 1.23 Nla Addltlonal Information (optional) You rna￿ ¢hoose to include further statements where relevant about.. Until the Chapel can be refurbished it cannot be used safely in ils present condition. When refurbished it can be let oul for community use and religious purposes to generate an income. The charity's principal sources of funds (including any fundraising) P4rA 1.47 Investment policy and objectives including any social investment policy adopted When the sale of the Manse is completed and the Chapel refurbished, then the truslees can determine what will happen with the remaining funds. Para 1.46 No buyer for the Manse. A description of Ihe principal risks facing the charrty P4rg 1.46 Other Structure, Governance and Management Description of charity's trusts.. Type of governing document Para 1.25 Trust Deed How is the charity constituted? Para 1.25 cio Trustee selection methods in¢luding details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees Para 1 25 Trustees can be co-opted if required Additional infomiation (optional) You ma choose to include further statements Whe￿ relevant about.. Each trustee gets given a copy of the constilulion and a copy of the Cc's Essential Trustee plus a talk from the Chairman. Policies and procedures adopted for the induction and training of trustees Porn 1.51 Wrth only 4 trustees, we are yet lo need an organisational structure. The charity's organisalional structure and any wider network with which the charity works P•rn 1.51 Nla Relationship with any related parties Pam 1.51 Other Reference and Administrative details Charit name Other name the Charit uses Re istered charit number Charity's principal address The Ma Dains Charit 1197401 Clo 16 Colthester Road Wivenh Essex C07 9EU Names of the charity trustees who manage the charity Datés aeted if not for whole •ar Trustee name Office {if any) Name of person lor body) entitled toa oint trustee ifan Peter Hill Chairman Kimberly Ledger Administrator Diana Hoy Steve Mountain 10 12 13 14 15 16 17 18 19 20 Cor orate trustees - names of the directors at the date the re Dire¢tor name ortwasa roved None Name of trustees holding title to property belon9irg to the charity TNstee nam• Date$ ¥¢led If not for wholè èar Nla Funds held as custodian trustees on behalf of others Description of the assets Nla held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity's objects Details of arrangements for safe custody and segregation of such assets from the charity's own assets Additional information (optlonal) Names and addresses of advisers (Optional infonnation Type of Name Address adviser Nla Nam8 of chlef executive or nam68 of senior glaff members (Optlonal Information) Nla Exemptions from disclosure Reason for non-disclosure of ke rsonnel details Other o tional information Declarations The trustees declare that they have approved the trustees, report above. Slgned on behalf of the charity's trustees Signature{s} Full name(s) Position leg Secretary, Chair, etc} Peter Martin Hill Kimberly Ledg Administrator Chairman Date July 2024 Sltr CHARITY COMMISSION FOR ENGLAND AND WAIES Charity Name: Th• Mary Oain5 Charlty 1197401 Receipts and payments accounts CC16a For the ￿rIOd from 0110112023 To 3111Z12022 Section A Receipts and payments Unrestrlcted funds to the nur• Restrtcted fvnd8 Endowment funds Total funds Lg91 y¢•r to th• nMr•Jt£ to th• n•aroJt £ tothe n￿￿1£ totho n•ar•st e A1 R•e•lpts Dividends 579 350 145 577 450 350 146 Other Sub total (Gross incom8 lor AR) A2 A88ét and In¥￿tment 8ale8, 18oe tabl•l. 1.074 1,027 Sub total 1,074 1.074 1.027 A3Pa ments Gas & EleGtncity Water Gardenino Council T8X 1fj3uianca 0￿er 729 7B 436 4.8St 729 2QO 1,455 385 2,730 1,236 438 4.851 1,277 75) 753 Sub total 8,128 4126 8,012 A4 Asset and Investm•nt urchase8, sèe tabl•l Sub total 8.128 8.128 6,012 Net of receipts/fpayments) A5 Transfers between fund¥ A6 Cash funds last year end Cash funds this year end 7,052 4.98 7.052 7,052 4.985 CCXX R1 accounis ISSI 30107r2024 Section B Statement of assets and liabilities at the end of the period Unrestricted funds to neare51£ Restricted funds to nga¥e*£ Endowment funds ategories to nÈaro$t£ 81 Cash funds 10.207 Total cash fvnds 10,207 Unrestrlcted funds to nMr•rt£ Restricted funds to ngarg$t£ Endowment funds to neare¥t£ Detalls Fund to whlth Oetails Curr•nt V81u loptlon•ll B3 Inv&8tmont assets Fvnd to whlch Co•t loptronoll Currgnrv•lu• B4 A8setB rgtalned tor tho charlty's own u8 COIF- Invesbmeni Futsy 65,170 Bl*rrrJ Chanty Bor￿ Fynd 4,006 Fund to whlch rel•ws Amount duè Deiails When du• BS Llabllltle8 Signed by one or tsvo trustEes on behawof all the trustees nature Print Name Date of roval Peter Martin Hill 01-Jul-24 Kimberfy Ledger 01-Jul_24 CCXX R2 accounts ISSI 3010712024