## **Trustees Report and Accounts**
## **The Mary Dains Charity**
**Registered Charity No. 1197401**
**Financial year to 31[st] December 2024**
## **Object of the Mary Dains Charity (Registered charity no. 1197401)**
(1) The object of the charity is to advance the non-conformist Christian Religion through the provision and maintenance of a Mission Hall.
(2) The relief of poverty in the area of benefit by the provision of facilities, grants, items or services to individuals in need or organisations supporting those in need including through the provision of accommodation.
This wording had been altered slightly by the Charity Commission to the above when on 10[th] January 2022, the Charity Commission approved the creation of THE MARY DAINS CHARITY as a Charitable Incorporated Organisation with the registered charity number 1197401.
This alteration, made at the request of the 4 trustees after discussion 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 Hoy
- Kimberly Ledger
- Steve Mountain
We have been willing to take on the challenge of giving the former charity of **MARY DAINS’s MISSION AND HOLIDAY FUND CHARITY (253412)** a charity which had assets of a 4 bed-roomed manse although in poor condition, a Chapel / Mission Hall built in 1877 although in deteriorating condition and poor facilities, sitting on a 3/4 acre plot of land, and dwindling financial reserves, a positive future. This challenge has 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 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 build some almshouse bungalows for the benefit of the local and nearby villages with whatever funds were remaining.
## **Trustees Report for the year to 31[st] December 2024**
During the first half of 2024, the trustees have been focussed on the sale of the Manse.
This sale has proved to be very difficult and time consuming due to the state of the 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. This was a legal process that we started in December 2021.
We appointed estate agents in 2023 after a selection process but the market was far from the fairly buoyant state it had been in when we began talking to agents. The initial indication from the agents in 2022 was that the former Manse and its large garden might fetch around £500,000 even in its poor state of repair. But by the time we were in a position to sell the property, due to the lack of it being legally registered, the property market had collapsed. Whilst the appointed agents had arranged 19 viewings by May 2023 and we had 6 offers on the table but only with an average price being offered of £378,000.
We began negotiations for the sale of it with the highest bidder but they sadly pulled out because of the state of the property and the covenants we wanted to put on the property to protect the quiet enjoyment of it to the houses which surrounded the former Manse.
In October 2023 we began negotiations with a local family who seemed serious about wanting to buy the property although they needed a mortgage. We ended up agreeing a sale price of £345,000 and with it eventually completing on the 31st May 2024.
We have been incurring legal and professional fees since December 2021. These totalled £12,020.78 plus VAT. This was after our solicitors, John Fowlers Solicitors LLP, very generously discounted their fees by £1,206 + VAT, a total saving of £1,447 when they presented just one invoice at the completion of the sale of The Manse.
These fees are analysed as follows:
|Land Registry registration fees:|£655.00|
|---|---|
|Fowlers fees re LR registration:|£1,500.00|
|Fowlers fees re abortive sale:|£731.25|
|Fowlers fees re sale:|£2,725.00|
|Miscellaneous:|£243.28|
|VAT:|£991.25|
|Fenn Wright (estate agents) fee:|£5,175.00|
|Total Costs =
|£12,020.78|
The trustees have met to consider their plans going forward. They are agreed that the priority is to refurbish the Chapel, add modern toilets and an adjacent car park so that the building can be used once again as a building for non-conformist religious purposes as well as for community activities. Their Their immediate action is to get the whole site cleared of dead trees and vegetation, particularly so that the condition of the Chapel can be properly surveyed.
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The Mary Dains Charity (Reg No. 1197401)
Accounts for the year ending 31st December 2024
31-Dec-24 31-Dec-23
Income
Dividends £587.20 £579.13
Fees £0.00 £350.00
Grants £0.00 £0.00
Donations £0.00 £0.00
Interest £1,625.40 £0.00
Other £0.00 £145.26
£2,212.60 £1,074.39
Expenditure
Gas & Electricity £1,050.97 £728.45
Water £160.00 £78.40
Gardening £288.75 £438.25
Council Tax £834.90 £4,850.70
Insurance £738.34 £1,277.30
Other Costs £1,691.50 £753.00
£4,764.46 £8,126.10
Operating Costs less Net Income £2,551.86 £7,051.71
Cash Assets
Barclays Bank B/Fwd at 1Jan2024 £10,206.77 £17,258.48
Less Excess Expenses over Income £2,551.86 -£7,051.71
Adjusted for interest credited to deposit a/c £1,625.40
-£4,177.26
Net transfer to Savings -£1,000.00
Barclays Bank C/Fwd at 31Dec2024 £5,029.51 Balance = £10,206.77
Barclays Bank Deposit A/c as at 7 Aug 2024 (When opened) £333,016.18 £0.00
Net transfer from Current A/c £1,000.00 £0.00
Interest credited £1,625.40 £0.00
Proceeds of Blackrock Investment £4,532.11 £0.00
Barclays Bank Deposit A/c C/Fwd £340,173.69 £0.00
Investments at 31st December 2024 Value Value
31Dec2024 31Dec2023
COIF Charities Investment Fund – Alc 26344001T -1,063 Income units = £21,571.73 £21,095.24
- A/c 263440001R - Recoupment A/c - 83.20 Accumulation units = £21,683.22 £20,633.62
- A/c 263440002R – ERF (94.52 Accumulation units) = £24,633.39 £23,440.99
Blackrock Charities UK bond Fund Accumulation A/c No. 00004237 (units 97.363) £0.00 £4,505.73
Total Value Investments at 31st December 2024 £67,888.34 £69,675.58
Total Value of Cash + Investments as at 31st December 2024 £413,091.54 £79,882.35
Signed:
_______________________________
Peter Hill, Chairman, The Mary Dains Charity
Date ____________________________
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|**Charity Name: The Mary Dains Charity**|**Charity Name: The Mary Dains Charity**|**1197401**||
|---|---|---|---|
|**Receipts and payments accounts**|||**CC16a**|
|**01/01/2024**
**For the period**
**from**|**To**|**31/12/2024**||
|**Section A Receipts and payments**|**Section A Receipts and payments**||||||
|---|---|---|---|---|---|---|
|**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest £**
**587**
**-**
**-**
**1,626**
**-**
**-**
**-**
**-**
**2,213**
**-**
**-**
**-**
**2,213**
**1,051**
**160**
**289**
**835**
**738**
**1,691**
**-**
**-**
**-**
**4,764**
**-**
**-**
**-**
**4,764**
**- 2,551**
**-**
**-**
**- 2,551**|**Restricted**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Endowment**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Total funds**
**to the nearest £**
**587**
**-**
**-**
**1,626**
**-**
**-**
**-**
**-**
**2,213**
**-**
**-**
**-**
**2,213**
**1,051**
**160**
**289**
**835**
**738**
**1,691**
**-**
**-**
**-**
**4,764**
**-**
**-**
**-**
**4,764**
**- 2,551**||**Last year**
**to the nearest £**|
|Dividends|**587**|||||**579**|
|Fees|**-**|||||**350**|
|Other|**-**|||||**145**|
|Interest|**1,626**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
|**_Sub total_**_(Gross income for_
_AR)_|**2,213**|||||**1,074**|
||||||||
|**A2 Asset and investment sales,**
**(see table).**|||||||
||**-**||||||
||**-**|||||**-**|
|**_Sub total_**|**-**|||||**-**|
|**_Total receipts_**
**A3 Payments**|||||||
|||||||**1,074**|
||||||||
|
Gas & Electricity|**1,051**|||||**728**|
|Water|**160**|||||**78**|
|Gardening|**289**|||||**438**|
|Council Tax|**835**|||||**4,850**|
|Insurance|**738**|||||**1,278**|
|Other|**1,691**|||||**754**|
||**-**|||||**-**|
||**-**|||||**-**|
||**-**|||||**-**|
|**_Sub total_ **|**4,764**|||||**8,126**|
||||||||
|**A4 Asset and investment**
**purchases (see table)**|||||||
|**,**|**-**||||||
||**-**||||||
|**_Sub total_ **|**-**|||||**-**|
|**_Total payments_**
**_Net of receipts/(payments)_**
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_**|||||||
|||||||**8,126**|
||||||||
||**- 2,551**|**-**|**-**|
**- 2,551**||**- 7,052**|
||**-**|**-**|**-**|**-**||**-**|
||**-**|**-**|**-**|**-**||**-**|
||**- 2,551**|**-**|**-**|**- 2,551**||**- 7,052**|
CCXX R1 accounts (SS)
21/10/2025
1
|**Section B Statement of assets and liabilities at the end of the period**|**Section B Statement of assets and liabilities at the end of the period**|**Section B Statement of assets and liabilities at the end of the period**||
|---|---|---|---|
|**Categories**
Signed by one or two trustees on
behalf of all the trustees
**B5 Liabilities**
**B3 Investment assets**
**B2 Other monetary assets**
**B4 Assets retained for the**
**charity’s own use**
**B1 Cash funds**|**Details**
COIF - Charities Investment Fund
Blackrock Charity Bond Fund
**Details**
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
Barclays Bank - Current Alc
Barcalys Bank - Savings A/c
**Details**
**Details**
**Details**
Signature|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**5,030**
**-**
**340,174**
**-**
**-**
**-**
**345,204**
**-**
Agreement Error
OK
**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**
**-**
**-**
**-**
**-**
**-**
Print Name
**Peter Martin Hill**
**Steve Mountain**|**Endowment**
**funds**
**to nearest £**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||OK|
||||**Endowment**
**funds**
**to nearest £**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**Current value**
**(optional)**|
||||**-**|
||||**-**|
||||**-**|
||||**Current value**
**(optional)**|
||||**67,888**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**When due**
**(optional)**|
|||||
|||||
|||||
|||||
|||||
|||||
||||Date of
approval|
|||**Peter Martin Hill**|**25-Mar-25**|
|||**Steve Mountain**|**25-Mar-25**|
CCXX R2 accounts (SS)
21/10/2025
2