Charity Registrntion No. 276755 (England and Wales)
ST MARY'S CHAIUTABLE TRUST
ANNUAL REPORT AND FINANCIAL STATEMENtS
FOR THE YEAR ENDED 31 DECEMBER 2020

ST WY'S CHARITABLE TRUST
CONTEP4TS
Page
Legal 8nd Adtninistrdtive Infornlation
Report of Ihe Trustees
Balance Sheet
StatetnenÉ of Financial Acti*iiies
Notes to the Financial Stat¢ments
Independent Examin¢r s Report

ST MARY'S CHAIUTABLE TRUST
LEGAL AND ADMINISTrATtVE INFORMATION
Trustees
Reverend Martin Davies
RO￿"en& Scott
Mark Dalton
Irtdepelldent Examiner
Charles Hornan FCA
Spring Coltage
Trotton
Peletsfield
Hants
GU315ER
Bankers
Nal Wesl
NOrth￿"00d Branch
37 Gr¢en L￿e
Northwood
Middx
HA6 3AF
The CBF Church ofEngland DeposTt Fund
CCLA Investment Managem¢nt Ltd
80 Cheapside
London
EC2V 6DZ
Treasurer
Ms K J Dalion
Long Lane Fann
Ickenham
Uxbridge
Middx
UB108QT
Pa8¢ 1

ST MARY'S CHARITABLE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2020
The Trustees of the St Mary's Cbaritable Tntst present their annual report and f￿anCIal statements for the year
ended 31 December 2020.
Trustee5' responsibilities in relation to the financial statements
Charity law requires the Trustees io prepare financial statemenis for each financial year which give a true and
fair view of the state of affairs of the Trust and of the surplus or deficit of the Trust for that year. In prepariiig
those financial statements, the Trustees are required to:
selecl suitable accounting w)licies and then apply them consistently,
make judgements and estimates that are reasonable and prudenL
state whdher applicable accounting standards and statements of recommended practice have been
followed subject to any departures disclos¢d and ¢xplained in the financial statements and,
prepare the financial Statements on the going concern b&si5 unless it is in&ppropriat¢ to presume that the
Trust will continue in business.
The Trustees are responsible for ke¢ping proper accountinq records which disclose with reasonable accuracy
at any titne the financial position of the 'frust and to enable them to ensure that the financial statements
comply with ihe Charities Act 2011. They are also r¢sw)nsible for safeguarding the assets of thc Trust and
hence for taking re&sonable steps for the prevention and detection of fraud and oth¢r irregularities.
Trnstees
Trustees are appointed by thc Board of Trusttts and the Trnstees throughout ihe period w¢re'.
Reverend Martin Davies
Rowena Scott
Mark Dalton
Constitution and Objeets
The St Mary's Charirable Trnst is con5tituid by a Deed of Trust dated 24 May 1978 and is a register¢d
charity, number 276755.
The Tn)ste¢s shall hold th¢ Trust Fund and the income theTeof for the disburs¢ment and administration of all
gifts, donations. legacies and dcvises made and bequeathed to St Mary's Church. The Truslces hawe power to
apply or invest such Trust monies in such shares and proportions &s th¢y think fit, subject to tht proviso that
the objects are exclusively charitable.
Covid 19 Pandemic
The UK declared a lockdown on 23 March 2020 du¢ to thc Covid 19 outbreak. The main impact on St
Mary's Charitable Trust was that none of the proposed works to the chU￿h could be carried out
during the year as the Trnstees were unable to obtain quotes or commission the work. The first project
to begin to spend Kay Holme5' legacy is on the Church windows.
Page 2

ST MARY'S CHARITABLF, TRUST
REPORT OF THE TRUSTEES (eolltiDued)
FOR THE YEAR ENDED 31 DECEMBER 2020
Reviesv Ordevelopme￿ty •¢ttTritie5 and achievements
Unre$tricted Fund
During the year to 31 Decembcr 2019 the 1.rust received an interim legacy of £525,000. In July 2020 the
Trustees receiycd the balance of the legacy from Mr Kay Holmes of £52.360.42, so that the total gift
amounted to £577,360.42.
Review of fillancial transactions
The financial statements as set out on pages 4 to 7 summarise the transactions of the charity during the year
ended 31 December 2020, at which dale there was a surplus for the year on the unrestricted fund of £581,557.
Reseryes policy
The trnstces, policy is to maintain a level of reserves which will provide a stable base for its Continuing
activities while at the satne timc ensuring e_xcessive fijnds are not a¢cumul8tcd. The trustees believc that the
reserves are sufficient for its currenl purposes and are ffviewed on a regular basis.
Risk Mandgement
The trustees have examined the major strategic: busincss and operational risks which the charity faces and
confirni that systems have been established to enable t¢gular reports to be produced so that necessary steps
can be taken to lessen these risks.
lodepettdent Examiners
A resolution proposing that Charles Homan be reappoiTrted as Independent Examiner of the charity will be put
forward to the -frustees at their next generdl meeting.
..Trustee
2021
Page 3

ST MARY'S CHARITABLE TRUST
BALANCE SHEET
AS AT 31 DECEMBER 2020
Unrestricted
Fund
2020
Totsl
2019
Total
No¢e
Current Assets
Nal West Bank &lc
CCLA Accounts
580,050
2,042
580.050
2,042
527.690
2.034
Creditors
{535)
(535)
(485)
Net assels
581,557
581,557
529,239
Fund balances
581,557
581.557
529,239
2021
The notes on pages 6 and 7 forn) part of these financial statements.
Page 4

ST MARY'S CHARrrABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2020
Unrestricted
Fund
2020
Total
2019
Total
Note
Incoming Resour¢es-
Voluntary Income
B¢quests & Memorial Gifts
Donations
52,360
52,360
525,000
75
52.360
52,360
525,075
Interest on CBF Account
To¢41 Incoming Resources
52,368
52,368
525,090
Resources Expended
Governance Costs
Independent Examination
(50)
(50)
(50)
Total Resourees Expended
(50)
{50)
(50)
Nei Incomin% l(Out%oing)
52J18
52J18
i25,040
Ine l (Dee) funds for 2020
Fund Balances at 111120
52.318
529,239
52,318
529,239
4,199
529,239
Fund BAlanees at 31112120
£581.557
£581.557
£529.239
The notcs on pag¢s 6 and 7 form part ofthese financial statements.
Page 5

ST MARY?S CHARITABLE TRUST
IYOTES TO THE FINANCIAL STATEMENTS
FOR THE YF.AR EINDED 31 DECEMBER 2020
Aecounting policies
1.1 A¢counting Convention
These financial statements havc been prepared under the historical cost convention attd in ac¢ordance
with the Church Accounting Regulations 2006 togcther with applicable accounting siandards and the
SORP 2005.
The St Mary's Charitable Trust is a regiS￿red charity and 15 not liable to Unitcd Kingdom income tax or
corporation tax on charitable activities.
1.2 Incoming resour¢es
DoDatlOn$ 2nd gifts
Incotne is recognised in the year in which the clwity is entitled to receipt and the amount can
measured iN'ith re&sonablc ccrfainty.
IllvestTnent ineome
Invcstm¢nt income is accounted for on a receivable basis.
IJ Resources expended
Expcnditur¢ is included on an a￿ru81$ basis including irrecoverable VAT.
Page 6

ST MARY'S CHARITABLE TRLST
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR TUE YEAR ENDED 31 DECEMBER 2020
Creditors
2020
2019
Deposit held on 9 Lewis C105e
L¢5s.' Due from PCC re gifts in
prior years
1,550
1,550
(1,515)
(1,515)
Add ..Independent Examiner fee
for past years paid by. PCC
400
400
Due to PCC
435
435
Independent Examination Fee
2019 and 2020
loo
50
£535
£485
Funds
Unrestricted Funds comprise those funds which the Trustccs are free to use in accordan¢e with the
Charitable objects.
Restricted Fiittds are fund5 that h2v¢ b¢cn given for particular purEK)ses and projects, as described in the
Trustees r¢port.
Page 7

ST MARY'S CHAIUTABLE TRUST
DEPENDENT EXAMINER'S REPORT TO THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2020
I report on the financial SiateTnents of the Trust, which are set out on pagcs 4 to 7.
Respective responsibilities ofTrustees and Indepelldent Examiner
Th¢ charity's trustees are r¢sponsible for the preparation of the accounts. I"he charity's trust¢cs consider that
an audit is not required for this year (under the Charities Act 2011 (the 2011 Act)) and that an independent
examinaiion is nceded.
It is my responsibility to=
examine the accounts
follow the procedures laid down in the General Directions given by the Charity Commissioners in the
201 l Act; and
state is'hether particular mart¢rs have come to my attention.
Basis of independellt ex2miner's report
My examination was carried out in accordance with the General Directions given by the Charity
Commission¢rs. An examination includes a review of the accountittg records kept by the charity and a
comparison of the accounts presented with those records. It also includes consideration of any unusual items
or disclosures in th¢ accounts. and seeking explanations from you &$ Trustees wncerning any such matters.
The procedures undertaken do not provid¢ all the evidence that would be required in an audit, and
consequently I do not express an audit opinion on the view given by the accounts.
IndepelldÈllt examiner's statement
In connection with my ex&min4lion. no matter has come to my attention-
(l)which gives me reasonable cause to believe that in any material respect the requirem¢nts to keep
accounting records in accordance with the 2011 Act. and to prepare accounts which accord wilh the
accounting records and comply wilh the accounting requirements of the 2011 Act have not been met. or
(2} to which, in Tny opinion. attention should be drnwn in order to cnable a proper understanding of the
accounts to be rcached.
Charles Homan FCA
Chartered Accountant
Spring Cottage
Trotton
Petersfield
Hants GU315ER
. ll91Q61.2021
Page 8