ST MARVS FUND. SALISBURY
REPORT OF THE TRUSTEES
AND
STATEMENT OFACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
CONTENTS
Trustees, Report
Statement of Finan¢ial A¢tNities and Balance Sheet
Notes to th8 Acc￿nts
Independent Examine¢s Report

ST MARYS FUND, SAUSBURY
TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023
LEGAL STATUS
The Fund is a registgied Charity, number 258822. Its governing instrument is a Charity Cornmlsslc￿ Scheme dated 5
D8¢embèr 2003. as modlfleij by a Deed of Arnendm¢nt of 7 Folxuary 2006 a5 altered by the Charity CL¥nmi55ion Scherne
of 14 July 2008 and a further Deed dated 2 08eember 2011.
TRUSTEES
The mwaging Iru8t888 who 88rved during lh8 year and to date are..
Revd L Holt IChairwoman}
Mr8 C Rom8no
E Goater
Mr J Kilbee Ilo May 20231
The Ven S Gr(￿7 (to May 20241
Revd J Mac*enie (from May 20241
Revd F Moloney (from May 20241
The Managing Truste&s are not less than flve person$ appolnted by the Bishop'$ c￿n¢(l of Ihg Dio¢eso of S81isbury. The
custodian Iru51ee is the Salisbury Dioc8san Board of Financ8.
CONTACTS
Grants Administrator:
Mrs D l James, Emmaus House, The Avenu8. Wilton, SP2 OFG
ADVISERS
Independent Examiner
Investsngnt Man8gw.
Mrs N A Halls FCA, Fletcher & Partners. Bridge Street, S011sbury SP12LZ
CCLA Investment Managomènt Ltd, One Angel Lane, London. EC4R 3A8
OBJECTS AND ACTIVITIES
The Charitys purpose Is to promote and malntain m￿81 Welfa￿ work in actordan¢è wllh Christian princlples malnly
among girL8 and wom8n primarity within the Diocese of Sallsbury. Thls Is a¢hleveL1 by grant 8lding qualtyng Indlvldu8Lq,
through applicatlons made by professionals supprxting and working With them, and other bodles which are directly
Involv9d In thls tyw of ch8r1t8b￿ work wmhln the dlocese.
Grants are given al as starter grants for slngle, divorced or wldowed parents sthng up house, bl as spedal nee(Js grants
to single, divorced or widowed parents and Gl for which assist disadvantagfrd parents. The Charitys accounting
reo)rd8 8re mawitained by dlo¢esan 8tsff who also prepare the annual financlal sta￿ents.
ACHIEVEMENTS AND PERFORMANCE
The managing trustees held meaungs durfng th• ￿ar to approve the annual 8c¢wnts, monitor kncome 8nd
expenditure. including grants previously awarded. and to o)nsider new grant applications. Ourlng thè year some 2512
151 stsrter grants Wtt￿ givèn for setting up h￿se and 22 grants 12022 19) were given for special needs. Four
proje¢ts recelved block funding In 202312022.. 5 projècts) and those are detailed on Page 5 in the Notes to th& Accwnts.
I these grants provide a publlc beneflt to 8 sethon of the public: the grants lo individual women enables soually deprfved
P8op18 to get established in homes with reasonable faalities.. the proiect fundlng ¢￿￿r9 ￿￿er wbllc tsenefhs by
suworting s￿181 projocts which assist all their clients. The trustees have declded to malnt2in individual needs grants as
o priority over prqgct futYiSng and so the level of th818tt8r fiuctualas as the charity needs to operate within its exp￿able
reserve.
trustees have c4Jmpli&J with their duty to have due regard to the guidance on publlc benefk publlshed by the Charfty
Commission in exerci8ing thelr powers or duties.
FINANCIAL REVIEW
Invesim8nl inwme increased during the year to È57.689 12022 - £54.886I. Tolal grant$ and assodated support o)sts
In¢r¥ased lo £70.53412022 - £55,526). The cost of grants given to organizations was £40.161 {2022 - £33,816) and to
individuals £30,37312022- £21.4401. Over811 there was an unreslricted 1088 for the year of £12,845 {2022 - loss £3701,
and so the Fund's unrestrided reserv8 at th8 end of 2023 d&¢maseil to £127.570 12022 - £140.4141.Tho •ndowmgnt
fund's investments have increased by £101,210 12022.. decrease of £218.917} to £1,695.421 at the end of 202312022-
£1.594.221 I. As a result there w8s an overall increase in the Charitys resources by £88,365 to £1,822,991.

ST MARYS FUND. SAUSBURY
TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023
(¢¢ntlnued)
RESERVES POUCY
The TrusV5 policy Ss to hold modest reseNes, and lo alm to In¢￿ase the numbers of grants made to individuals in
need.
INVESTMENT POLICY
The Fund's invostmgnt policy is 6el out Sn note S to the Account&
RISKS REVIEW
A8 regards risk management the trustees consider Ihal the Fund's prlncipal rfsk 1$ 8 signifunt oylapse In stod(
markets which Ihey have addressed by placing a proportion of the Fund's investments in a propety fund.
TRUSTEES, RESPONS181LITIES IN RELATION TO THE FINANCIAL STATEMENTS
The Irusle8s are Tesponslble for prepartng the Tru51ees' Annual Report aThY the financial slatemonts in ￿c*￿￿n¢8
Ih 8ppllcable law and Untted ￿ngdorn Accy)Lmling Standards (Unitsd ￿ngdoM Generally Accepted Accd)unting
Pr8Ctre}- The 18w applic8ble lo charities in England and Wales requlres th8 Charfty trustees to propare financlal
stslam9nts for each y8ar which give a true and fair vlew of the stste of aff8irs of the Charity and of tha inojming
rgSOUTCgS and applGabon of re50urcgs. of the Charlty fcf that p9ri￿J. In preparlng the fln8￿81 staleff*nts, the
Trustees are required to..
select suilable acD)unting Folicies and then apply them consist8ntly,"
obsgrve the methods and principles in the Charities SORP-,
makejudg8mènts and estimates that are reasonable and prudent.
stale whether applicable accounting Standards hav8 b88n follDW8d, subiact to any materfal
departure¥ tt¥at must be disdosed and explained in the financial statements-
prepare the financial statements on Ihe going concern basis unless it is inappropriate to
presume that Ihe Charlty ￿11 Con￿nUe In bu8ine88.
The TnJst8es are responstble for kagping propgr alxounting r￿rdS th8t discl(Is8 With reason8bl8 8ccura¢y at any
Ilme the financial position of thè charSty and enable th8m to ensure that the financial statements comply wilh th8
Charitles Act 2011, the applicablo Chaiilies (Accounts and Reports) Regulations, and the provislons of the Charltys
schemes. They ar& also responslble lor safeguarding the 8ss9ts of the charfty and tskin9 was(￿#ble stsps fly the
prev8ntKJn and d818clion of fraud and othar irr8gularitias.
Thè truste$$ a￿ ￿$￿nSible for the maintenance and integrity of the charity and financial inf0m￿tIOn indud8d on
the chartys website in accordaneè wth leglslatlon the Unlted Klngdom goveming the preparation and
dissemination of financial statements.
Slgned on behalf of the Trusts8s
Revd L
ort ICh8iThvcthanl
Approved by the Trustees on
S.io.Zg

ST hiARYS FUND. SALISBURY
IR•ght*r•d charlty No. 25B8221
STAIEPAENTOF FINANCIALACTMnES FOR THE YEAR ENDED 31 DECEMBER 2023
Unrestrictsd En*S)wnent
FuThJs
Funds
rfrtal
Funds
Total
FLmds
INCOME FROM:
Investrnents
txvlder
Intewt on c85h deposts
51,317
6.372
51,317
6,372
57.689
52,979
1.807
57,689
(PENDinJRE 011:
Chariiablo 9[￿Vrtie￿
Grants p8y8￿6
TOTAL
70.534
70.534
55,256
NET INCOMEIIEXPENDITUREI BEFORE
NET G￿N$1 ILOSSESI ON 114VESTMEtIT8
{ 12.8451
112,8451
{ 3701
OTHER RECOGNISED GAINSIILOSSESI..
G8lD51IIos58sI on Inve$tment ass¢l$
MOVEMENT IN FUNDS
101.210
101,210
1218,9171
1219,2871
112.8451
101,210
88,365
RECONCIUAIION IN FUNDS..
Tot81 fund$ bwghl foNArd
Totsl frjnds carrfed lorngrd
140.415
1,594,211
1.734,626
£ 127570 £ 1695421 £ 1822991
1,953,913
£ 1734628
BALANCE SHEET AS AT 31 DECEMBER 2023
Unre8lric18d En1*%￿n8n1
FutHI¥
Funds
2023
2023
Totsl
Funds
2023
Total
FuTrJs
2022
FIXED A8SEf8..
vestments
imi&stmgnts
1,695.421
1,695.421
1,594,211
CURRENY ASSETS..
Cash ot b•nk and in hand
CBF Deposrf Fund
Cash by Sallslxjry DBF
151,963
2.447
154,410
151.963
2,447
154,410
156.285
156,285
Debtors
AccnJ8d Inu)me
2.011
156,421
2,011
15e,421
UABiunES:
rèditors.. arnovnts Falling due ￿thin
On0 y¢ar
128,8511
128,8511
115,8711
CURRENT ASSETS OR LKABIUTIES
127.570
127,570
140,414
TOTAL ASSETS OR LIABILmE8
£ 127.570 £ 1,695,421 £ 1.822.991
£ 1,734.626
The FUNDS OF ThE CHARITY:
EndowTn8nl fund8
Vnr6sM¢ted fu￿1$
1¢,9, 10. 11, 12
1,895,421
1,695,421
127,570
127,570
£ 127.570 £ 1,695.421 £ 1,822,991
1,594.211
140.415
£ 1,734.6
These finandal statements approved bythe Trustus on....... .... ......... ....... ....
S￿ned on thgirbthaW by..
Revd L Hott jchairwcfflanj
The ncts8 ￿ Ptyos 4 to 7 fomi p8rtdlhosèaceount8

ST MARYS FUND. SAUSBURY
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
A¢￿￿ntIng PolS¢588
8) Accountln
nv
The accounts Ifin8ndal st8lementsl are prepar&J under the historical cost convention wilh items recognlseil * cost or
transaction vahje unless otheNAse staled in the relèvant notes Its these accounts. The financial stslements have been
ExepaT￿l in acca)rdance wth the Statement of Recommended Pradlce.. Accounting and Reporting by Charities preparing
their accounts in ac￿)rdanCe ￿th the Finan¢ial Reporung Stsndard aPFdic8ble In th8 UK and Republic of Ireland IFRS
1021 eff8¢tlve from 1 January 2019, the Flnanclal Reportlng Standard oppIIcgble In the Unlled lfjngdom and R8wbllc of
Ireland IFRS 1021 and the Charfti8s Act 2011.
The Charity o)nstitutss a wblie b8nefrt entity 8$ defined by FRS 102.
The trustees consider that there are rK) matsrial uncertainties about the Ch8riVs ability to o)nllnue as a golng Concern.
There are no Significant areas of judggmgnt or key assumptions thal affect items in the a(x￿nts. With respect lo the
n&xt reportlng peri(xl, the year ended 31 December 2024. Ihfj most $Sgnrficant ar&as of uncertainty that affect the
carrying valu8 of ￿91S held by the Charity are the level of investment relurn and thg pgrfoman¢e of inv¥slmgnl
markets.
bl Cash fk)w
The accounts do not Include a cash flow statement because the Charity, as a small r8rxYUng ènlty, L8 exempt the
requirement lo wepore su(a) a statement.
Fund a
ntin
Unrestricted funds avaSlabl8 for uso at the discretion of the trustees in furtherance of the ggn8ral ot4e¢tlves of thg
charity and have not b88n d&slgnated for other purposes.
Endowmgnt fvtKls are p8m*nent trusts whose income is intended for the benefft of the ¢hartty. Income from endowment
funds LR unrestrictod.
d)
ncoffte reco
nilion
l income is rBcogni88d once the charlty has enItIe￿nt to the income. there Is suffioenl cortslnty of receipt and 8011 Is
probabl? that the irKome ￿11 be received, and the amount of income recelvable be mgasurgd rellably.
Infx*ne from Hiv&stments Is Induded in the year in wh￿h it is r8c8ivabl8.
el Ex eTrJilure
n￿on
Liabilib'es are recognised as expendituro as soon as th8re 1$ 8 legal or ¢onstTuctNe obligation commiiling Ihe charity to
thtr expenditure, il is probatAe that settlement will be required and tha amount of the obliyalion can be measured reliably.
l expeThJilure 1$ a¢¢ountod for on an a￿alS basis.
Grants payabl• arè eh8rgod when the offer 15 conveyed to the recipient, except in thos& casés where th¥ E)fffjr FS
condiknonal. in which case the grant w0￿d bo recognised as eX￿nditUre when the condrbons attaching are fulfilbj.
Charitable activities
The expenditure on chgritable 0¢tivitie$ Indudes gr8nts F4us Support c)Jsts.
g)
Support costs hava be8n dlffgrentkqted between pvernance c¥)sts and othor SUPF*Yt costs. Govgmance Gosts ￿Mp￿Se
of all costs involving tho public acc￿ltab￿llty of thg charity and its cLMnplian¢e with regulation and ￿0d pracuce.
h)
Fixed asset investments
Listed investments are stated at markat Value as al the ba18nce sheet date. The Statsmenl of FinanrAal Activities
Indudes the net gain3 and losses arising on revaluation and dispos81s throughout the ￿ar.
Realised
ins aThJ losses
AJI gains and losses are tsk8n to the Ststtsment of Financial Activities as they arise. R8alis8d gains and lossas on
investments are calculated as the difference between salès proceeds and opening maFket value (purchase dale if laterl.
Unreallsed 98lns and losses are calculated as the difference be￿¥een the mak*èt V8lue 8t the year end 8nd OFening
rnarket value lor pU￿haSe dal8 rf lalerl. Realised and unrealised gains are not separated in the Stat8mènt of Fin8n¢ial
Actlvities.

ST MARfs FUND, SAUSBURY
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
sh at bank and in hand
Cash al bank and in hand indudes cash on deposit 8vallot49 on ¢Jgmand and (*8h held by SalSsbury Dlocesan Board of
Finan¢8.
k) Creditors
Creditors are recognlsed where the charfly h8s a prosent oblhjatlon muming fr¢￿ a past event that wll probabty result
In the tran8f8r of fijnds to a thlrd party and Ihe amwnt due lo sethe fv obligalon can ￿ measured relia￿y. Creditors
ore normally recognis8d at their selU8ment amount.
Financial Instruments
Fixed asset investments are a form of ba$1¢ finanryal inslrumgnt and are Inibally rewJnised at Ihelr transaction cost and
subsequently measured al fair value at the Balance $hgel dats. Invostmenl gains and losses, whether realis9d or
unrealised, are c4Jmbin8d and shown in thg heading 'N¢l gaIn￿lI0¥￿) on investments. in the Statsment of financial
activities.
Cost of charttable actlvltles
Granls
costs
INde 31
2023
(Note 81
Grants to individuals
25 SA￿￿ grants12022.' 15 grtntsl
22 Sp99"¥ nqed& 9ron¢ 12022.. 19 grantsl
18,073
6,483
24,555
3,09S
2,723
5,818
21,167
9.206
30,373
12,428
9,012
21,440
Grants to org8n1881ions
Moth8Vs Union l Hollday Fund and Dev8lopmènl 5srJrki
Smile Conne¢VFallhworks
Christchurch, Creekmoor PCC
Longmead Community Fa
Dorset Coundl Outroath
LitU8moor PCC
25.lJ]O
5.ClJO
495
248
25,495
5.248
12,664
5,163
5,163
3,663
2,047
7,000
39,047
248
124
1,114
2295
7,124
40,161
7,163
33.816
£ 63,602 £
6,932 £
70,534
55,256
Support costs are all￿ted bgtween grant tyr￿ based on Ine num￿1 of grants awarded in the year.
AI G05ts of charitable activities In both y6ers war8 charged to unreslrthd funds.
Support costs
Governance
costs
costs
2022
Administra￿¥ salary11 employee)
Management fee for finanaal administration
Trustè8s' m89Ung rwm hire
Independent examinets fees
4,234
1.647
4.234
1,647
55
996
6.932
4.070
1.637
996
9￿ £
5,936 £
The management fges shown above have been charged by Sali8bury DicfEsan Board of Finance for S•Nlc•s and
a￿0mmOdation provlded to the Charty by the Board.
R•lat•d partytransactlons, trusttts. expenses and romunoratlon and koy manogomont personnol
The charity consid8rs Its key management personnel comprise Ihe truslees and thg grant adminlslTatc¢. No
remuneration was paid to any of th8 tmst8ès durfng th& year {2022 - £nill. No trustees received reimbursgmenl for
trav•1 expon$8s dLiring the period12022'. £nill. Th8 grant adminSslrator receFved a salary of £4,23412022- £4.0701. T
charity had no olhÈr rèlated paty transactions during the year (2022- £nil}.

ST MARYS FUND. SAUSBURY
NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31 DECEMBER 2023
Fixed asset investments - Llst•d InvMtm•nts
Endowffient
lunds
Total
funds
Total
funds
Market V81ue at 1 January
G8in I Ilossl in the year
Market value al 310ecèmbor 2023
1,594,211
1,594,211
101,210
101,210
£ 1.695,421 £ 1,695,421
1,813,128
218.917
£ 1,594,211
Hi8torfcal u)sl at 31 December 2023
768,098 £ 768,098
768.098
Unrealised gainsnoss 0131 Decembèr
927,323 £ 927.323
826,113
Charws wllcy Is lo hold 811 its investrnents In th6 CBF Church of England Common investsnenl funds WTlh the aim
of long tsmi capital a￿1 income groYAh. Al 31 De￿mber 2023. the value of the invèstmgnts was represenlgd by 63% In
the Investment Fund. 20% in the Fixe(I Interest Fund and 17% in the Property Fund. The maln risk to thg ChorNy frcAn
financial instruments lies in combination of un(*rtain inve5trnenl wnarkets and volatility in Y￿Id.
Cash held by Sall$bury Dlocosan Board of Flnancg
The Charity does not ￿)1￿ a bank acctsunt in its own name. Banking facllllles are operated through a dgslgnatgd Tr￿ts
Ac(x)unt held in the name of S011sbury DIof£san Bo8id of Finance and a CBF Dep￿t Fund.
Credltors: amounts falllng due wlthln one yoar
TrgJ8 uedilcrfs
Cash chved to Sallsbury Dlocosan Bts8rd of Finance
Accruals for grants payablè
Other a¢cnJals
1.372
1,519
12,OCK)
26.500
2,351
28.851
15,871
ovement in fundlng commltm•nts for gr•nts during the year
2023
2022
Grant COMM￿￿nts ro¢c*Jnised as al 1 January
New grant commttments charged to SOFA Ise8 Note 21
Grants pald during the year
Grant commiimgnts r8cryJnis8d as 8131 De(*mber 2023
12,000
63.602
49.102
26.500
48,522
36,522
12,(K)O
An￿y¥l* of charltable funds
Anatysls of Funds movements
BalarKe at
1.1.23
ains and
Btlanceat
1.12.2023
nditure
En(Jowment fu￿￿8
Unrestricted funds
1.594,211
140.414
£ 1,734,625 £
101.210
1.695,421
127 570
57,689
57,689 £
70.534
70.534
101.210
10. *￿al￿1$ of ¢h•rttablo fund8- prevlou$ yoar
An8tysl$ of Funds movements
B8lanc* at
Gains and
BalanL* at
.20
1.1.22
Endovment funds
Un￿$tr￿d funds
1,813,128
140,785
£ 1.953,912 £
1218,917)
1,594,211
140.414
£ 1.734,625
54,886
54,886 £
55.256
55.256
218.917

ST MARYS FUND, SALISBURY
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 310ECEMBER 2023
11. An#ly8i$ of net assets botwe•n fund8
Unr8slricts
Endowment
Fund
Flxed asset inveslmenl8
Current 8ssels
Current liabilities
Totsl
1,695,421
1.695.421
156,421
28,851
£ 1,822.991
156.421
28,851
£ 127,570 £ 1,695,421
12. Analy818 of not ￿￿¢ts botween fvnds- prevlous y•ar
un￿SInGted
Fun
End(￿¥￿￿t
Tolal
Funds
Fixed asset Investhwnts
Currenl assets
Current liabililtes
Total
1.594.211
1,594,211
156286
15.871
£ 1.734,626
156.286
15,871
£ 14D,415 £ 1.594.211
13. Financlal Instrum•nts
Not8
2023
Financial assets measured al falr valug through profll and loss:
Investments held at falr value
1695 421
£ 1,695,421
£ 1,594,211
Income, expgnse, gains or Ioss8s, Including changes in fair value. recognised on:
GalnsllLossesl on Financial assets m8asur8d * fair value
Intoresl on cash deposits
In¢om8 fr(xn listed investments
101.210
6,372
1218.9171
1,907
164,031

8T MARfs PUND, sAU￿Ry
DEPENDENT EXAWNER% REPORT TOTHE TRUSTEFS
FOR THE y￿ ENOED 310ECEMOER 2023
I rèptyt to th&lw&ob# e4) myex*Y*wthx olthe *c￿Unts ofth* St Fund. 8818￿ Its Tnmt) forlJKI
•l￿d 81 Dgoontsr 2021 are 9010￿￿ pagetsa kn 7,.
Rwontlblllts• 8nd bMl¥ of r•w*
tru8ta•8 ol th• Tu*1 W¥ for th* w•pwthi ¢4 the l) th
rWr•mènts ofthtr Ch8rfds&M2011 (IP* Aof
I rwt In r•gp•)¢ of my.•xambwUon of tho TnJEfe owounts oafflod cth undor ¥OLIkn 145 rl lh• 2011 A¢t and
my l tro¥• tha •ppNLwtslè •N*i try tr• Chaffty fAmrnbJkn undvr
oK41on 1461SXb)oftho
I hR¥o Lxfflp1kn1 ftyexBmfr￿￿. I rn￿￿1 matsrshw omtsmy oti•h*th Jh ¢¢K¥wtronknlth
1. •ccownlr4 rntfjrdy not r•W Thilt *•m4uhd by 1x1 oftho *4)r
Z thoaEwunts ts) notAÈLKYd Lr
3. th•awirAs th>rth o)mkrfywith ihoappllpbt40 wrlomlw Iho &lhl•rtof*oxwts *t ¢xrt In
thbChwitlM (>z&)unts •Jd RqJort61 R•gutsUtyn• 2W any10q￿rn￿rtth1tIh• aBc￿nts o4v* arKI
If¥WwNth h nola mattgrrAxwlderwJ aD1>4rtof an wnhalkn.
I h•vè no orKI hw• (¥xno 8rrn no thr ID èY4mlwUm to **kl¥
b•fy¢wn In thFB répDrt k) onth i prop•rurJd•r•bnthw oftho to bv rna¢hwJ.
Mrn N A Hells FCA
Flthr & Pathorn
c￿￿t¢￿•r￿b
Swjiqbury
Dats., 19 ¢)clolaU 20