2023-12-31-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	Maxine Anne 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
	KentTNl 1NX

		Endowment and 26 Graham	Endowment and 26 Graham	Endowment and 26 Graham
		IncomeCapital		Terrace
		(Unrestricted) (Unrestricted)(Designated)			2023	2022
		fundsfundsfunds			Total	Total
	Notes
Income and endowments
Voluntary income2		1,520			1,520
Investment income and rents receivable 3		147,462			147,462	163,247
Total income		148,982			148,982	163,247
Expenditure
Charitable activities		148,168	615,459		763,627	147,325
Total expenditure		148,168	615,459	-	763,627	147,325
Net income
before investment gains		814	(615,459)	-	(614,645)	15,922
Net gains/(losses) on investments			32,971		32,971	(261,883)
Net income		814	(582,488)	-	(581,674)	245,961
Transfers between funds		(814)	814
Net movement in funds			(581,674)		(581,674)	245,961
Total funds brought forward			2,087,495	190,687 2,278,182		2,524,143
Total funds carried forward			1,505,821	190,687 1,696,508		2,278,182
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.

		Unrestricted	2023	2022
		funds	Total	Total
	Grants receivable	1,520	1,520
		1,520	1,520
3.	Investment income and rents receivable
		Unrestricted	2023	2022
		funds	Total	Total
	UK dividends UK unit trust income UK Government stock income Non-UK securities income COIF income Investec gross deposit interest Rents receivable	92,628 3,637 861 9,745 18 22,934 17,639	92,628 3,637 861 9,745 18 22,934 17,639	104,345 1,060 857 9,712 34 24,475 22,764
		147,462	147,462	163,247

Costs of charitable activities - by	fund type
	IncomeCapital
(Unrestricted)(Unrestricted)			2023	2022
	fundsfunds		Total	Total
Costs re provision of 85 Chester Row	20,872-		20,87219,252
Presbytery:
Water rates,Council tax and insurance	15,500	-	15,500	17,054
Electricity and gas	21,702	-	21,702	10,339
Equipment and maintenance	6,273	-	6,273	18,963
Cleaning	1,841	-	1,841	3,003
Architect fees	-	6,768	6,768	-
Other Pineapple Project costs	-	586,406	586,406	8,278
26 Graham Terrace:
Water rates, Council tax and insurance	1,392	_	1,392	1,067
Equipment and maintenance	49,202	-	49,202	7,042
Letting agents' fees	13,875	-	13,875	13,024
Support costs
Administration services and expenses		-
Accountancy fees	3,720		3,720	3,600
Broker's fees	-	22,285	22,285	24,425
Legal fees	13,791	-	13,791	21,278
	148,168	615,459	763,627	147,325
Independent examiner's fee			3,720	3,600

7.	Tangible assets - Freehold	property
		Unrestricted	Designated
		funds	fund	Total
		St Mary's	26 Graham
		Presbytery	Terrace
	Cost
	Additions At 1 January 2023	316,377 89,280	- 190,687	316,377 279,967
	At 31 December 2023	405,657	190,687	596,344
	Net book values
	At 31 December 2023	405,657	190,687	596,344
	At 31 December 2022	89,280	190,687	279,967
The 316,377 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 2023
	(based on insurance
	values)2,417,159352,980	2,770,139
	At 31 December 20222,417,159352,98	770,139
8.	Fixed asset investments
			Listed
			investments	Total
	Valuation
	At 1 January 2023 Additions		1,696,598	1,696,598
	Disposals Revaluations		(757,902) 24,758	(757,902) 24,758
			32,971	32,971
	At 31 December 2023
			996,425	996,425
	Historical cost as at 31 December 2023
			826,959	826,959
	All fixed asset investments are held within the United Kingdom.

		20232022	20232022
	Sundry debtor - Letting agents' float	1,5001,500
10.	Creditors: amounts falling due
	within one year	2023	2022
	Other creditors
	Sundry creditors and accruals	3,720 15,739	3,600 2,445
		19,459	6,045
11.	26 Graham Terrace (Designated) fund
			At
		1 January	2023
			and
		31December	2023
	Fund balance190,687

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