2022-12-31-accounts - St Mary's Trust

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Charity number	259887
Principal address	30 Bourne Street
	London SW1W8JJ
Trustees	David Marchese (Managing Trustee)
	Thomas Cochrane
	Krzysztof Romanski
	Shane Fletcher
	Michelle Gurney
	Rollo Burgess
Independent Examiner	Philip Gambrill FCCA
	PG Lemon LLP
	134 High Street
	Hythe
	Kent CT21 5LB
Bankers	Lloyds Bank Pic
	39 Threadneedle Street
	London EC2R 8AU
Stockbrokers	Investec Wealth & Investment
	Limited
	2 Gresham Street
	London EC2V 7QN
Solicitors	Thomson Snell & Passmore
	3 Lonsdale Gardens
	Tunbridge Wells
	KentTNl1NX

	Endowment and 26 Graham	Endowment and 26 Graham	Endowment and 26 Graham
	IncomeCapital Terrace
	(Unrestricted) (Unrestricted)(Designated)			2022	2021
	fundsfundsfunds			Total	Total
Notes
Income and endowments
					2,504
Voluntary income2 Investment income and rents receivable 3	163,247			163,247	202,091
	163.247			163,247	204,595
Total income
Expenditure Charitable activities Total expenditure	103,937 103,937	43,388 43,388		- 147,325 147,325	159,374 159,374
Net income before investment gains	59,310	(43,388)		15,922	45,221
Net gains/(losses) on investments		(261,883)		(261,883)	188,492
	59,310	(305,271)		- (245,961)	233,713
Net income
Transfers between funds	(59,310)	59,310
Net movement in funds		(245,961)		(245,961)	233,713
		2,333,456	190,687 2,524,143		2,290,430
Total funds brought forward
Total funds carried forward		2,087,495	190,687 2,278,182		2,524,143
The statement of financial activities includes all gains and losses		in the year and therefore a separate statement of
total recognised gains and losses has not been prepared.

				2022		2021
	Notes
Fixed assets
Tangible assets	6			279,967		190,687
Investments	7			1,696,598		2,147,855
				1,976,565		2,338,542
Current assets
Debtors	8	1	,500		1,500
Capital cash funds held by Stockbrokers		201	,983		104,715
Cash at bank and in hand		104	,179		82,578
		307,662			188,793
Creditors: amounts falling
due within one year		(6,045)			(3,192)
Net current assets				301,617		185,601
Net assets				2,278,182		2,524,143
Funds
Unrestricted funds - 26 Graham Terrace	Fund (Designated)			190,687		190,687
Unrestricted funds - General endowment and capital		fund		2,087,495		2,333,456
Total funds				2,278,182		2,524,143
The financial statements were approved	by the Trustees on				nd signed by

2.	Voluntary income
		2022	2021
		Total	Total
	Donations	-	2,504
		-	2,504
3.	Investment income and rents receivable

nvestment income and rents receivable
	Unrestricted	2022	2021
	funds	Total	Total
UK dividends	22,764	22,764	23,307
UK unit trust income	24,475	24,475	22,252
UK Government stock income	34	34	30
Non-UK securities income	9,712	9,712	10,563
COIF income	857	857	836
Investec gross deposit interest	1,060	1,060
Rents receivable	104,345	104,345	145,103
	163,247	163,247	202,091

4.	Costs of charitable activities	• by fund type	• by fund type
			IncomeCapital
		(Unrestricted)(Unrestricted)			2022	2021
			fundsfunds		Total	Total
	Contribution to PCC		-		_	11,458
	Costs re provision of 85 Chester Row		19,252		19,252	22,990
	Water rates, Council tax and insurance Presbytery:		17,054		17,054	10.489
	Equipment and maintenance Electricity and gas		- 10,339	18,963	18,963 10,339	64,943 (14,724)
	Cleaning		3,003		3,003	3,886
	Architect fees		-
	Other Pineapple Project costs		8,278		8,278	4,570
	26 Graham Terrace:
	Water rates, Council tax and insurance		1,067		1,067	1,135
	Equipment and maintenance		7,042		7,042	12,526
	Letting agents' fees		13,024		13,024	16,468
	Support costs
	Administration services and expenses		-
	Accountancy fees		3,600		3,600	3,192
	Broker's fees		-	24,425	24,425	16,156
	Legal fees		21,278		21,278	6,285
			103,937	43,388	147,325	159,374
	Independent examiner's fee				3,600	3,192
5.	Trustees' remuneration

6.	Tangible assets - Freehold	property
		Unrestricted	Designated
		funds	fund	Total
		St Mary's	26 Graham
		Presbytery	Terrace
	Cost
	At 1 January 2022	-	190,687	190,687
	Additions	89,280	-	89,280
	At 31 December 2022	89,280	190,687	279,967
	Net book values
	At 31 December 2022	89,280	190,687	279,967
	At 31 December 2021	-	190,687	190,687
The	89,280 of additions to St Mary's Presbytery represent		the directly attributable costs relating to the basement works
undertaken as part of the overall Pineapple Project for which the Trust has legally contracted. All other costs relating to
the Pineapple Project are the legal responsibility of The Church of St Mary Pimlico, any costs to which the Trust
contributes by way of direct grants or donations, or costs borne on behalf of the Church are treated as an expense
through the Statement of Financial Activities of the Trust.

Market values
At 31 December 2022
(based on insurance
values) 2,417,159	352,980 2,770,139
At 31 December 2021 2,417,159	352,980 2,770,139
Fixed asset investments		Listed
		investments	Total
Valuation
At 1 January 2022		2,147,855	2,147,855
Additions		67,848	67,848
Disposals		(221,562)	(221,562)
Revaluations		(297,543)	(297,543)
At 31 December 2022		1,696,598	1,696,598
Historical cost as at 31 December 2022		1,442,005	1,442,005
All fixed asset investments are held within the United	Kingdom.

8.	Debtors20222021	Debtors20222021	Debtors20222021
	Sundry debtor - Letting agents' float	1,5001,500
9.	Creditors: amounts falling due	2022	2021
	within one year
	Other creditors Sundry creditors and accruals	3,600 2,445	3,192
		6,045	3,192
10.	26 Graham Terrace (Designated) fund		At
		1 January 2022
			and
		31 December 2022
	Fund balance		190,687
	Purposes of fund

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