Charitir Registrdtioll No. 276755 (England and W#les)
ST MARY'S CHARrfABLE TRUST
AI¥I¥UAL REPORT AND FtNANCIAL STATEL￿ENTs
FOR THE YEAR ENDED 31 DECEMBER 2021

ST MARY'S CHAIUTABLE TRUST
CONTENTS
Page
Legal and Adtninistrative Information
Report of the Trustees
Balancc Sheet
Statement of Financial Activities
Notes to the Financial Statetn¢pts
Indepcndent Examiner's Report

ST MARY'S CHARrrABLE TRUST
LEGAL AND ADMINISTRATIVE INF0￿MATIoL
Trustees
ReTrerend Martin Davies
R￿￿e￿a Scott
Mark Dalion
Bei¢rle%' Mei¢r (aptx)inted 16 May 2021)
Kathcrine Jill Dalton
Independent Examiner
Charles Homan FCA
Spring Cotta?e
Trorto
Petersfield
Hants
GU315ER
Bankers
Nat West
Northwood Brnnch
37 Green Lane
Northwwd
Middx
The CBF Church of England Deposit Fund
CCLA Inicstment Managetneni Ltd
80 Cheapside
Londo
EC2V 6DZ
Treasurer
Ms K J Dalton
Long Lane Fami
Ickcnham
Uxbridge
Mid
UB108QT
Page I

ST MARY'S CHARITABLE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2021
The Trustees of the St Mary's Charitable Trust present their annual report and financial statements for the year
ended 31 December 2021.
Trustees, responsibilities ID relatioD to the financial statemeDts
Charitv law. requires the Trusiees lo prepare financial slatetncnts for each financial year which giv¢ a tru¢ and
fair view of the state of affairs of the Trust and of the surplu5 or dcficit of the Trust for that year. In preparing
those financial statements. th¢ Tnstees are required to..
seleci suitable accounting wli¢ies and then apply them ¢onsTSt¢ntly,
make judgements and estimates Ihat are re&sonabl¢ and prudenL
state whether applicable accounting standar(ts and siaiements of rccommended practice have been
followcd subj¢ci to any departures disclosed and explained in the financial statemenis and,
prepare rhe financial statetn¢nts on the going concern basis unless it is inappropriate to presume that the
Trust will coniinue in business.
The Trnstees are responsible for kttping proper accounting rccords ivhich disclose with reasonable accuracy
at any time the financial position of the Trust and to cnable them to ensure that the finallrial statements
comply with the Charities Act 2011. The). are also rcsponsible for safeguarding rhe assets of the Trust and
hence for taking reasonable steps for the prevention and d¢le¢tion of frdud and oilier irregularities.
Truste
Trustees are appointed by the Board of Trustees and the T￿￿tte$ throughout the period were:
Reverend Martin I>avies
Rowena Scott
Mark Dalto
Beverle). Meier
K Jill Dalton
Constitution and Objects
The St Mary s Charitable Trust is constituted by a Deed of Tn￿t daied 24 Mav l978 and is a regKstered
charity, number 2767)).
The Trustees shall hold the Trust Fund and the income thereof for the disbursement and administration of all
gifts, donaiions: legacies and devises made and bequeathed to St Mary's Church. The Trustees have power to
apply or irt￿est such Trust monies in such shares and proportions as they think fiL subject to the proviso that
the objects are exclusively ¢haritxble.
Covid 19 P*ndemie
Thc UK d¢¢lar¢d various levels of lockdown during 2020 and 2021 due to the Covid 19 outb￿ak. The main
impact on St Mary's Charitable Tru>t during those )'ears was that none of the proposed works to the Church
could be carried out during the s'ear as th¢ Trustees ￿'ere unable to obtain quotes or coJnJnission the work. The
first project to begin to spend Kay Holmes legac)" is Oll the Church windows.
Page 2

ST iWY'S CHARITABLE TRUST
REPORT OF THE TRUSTEES (contillued)
FOR THE YEAR ENDED 31 DECEMBER 2021
ReTriew of developments, activities and 2rhievemellts
Uureslricted Fund
During ihe year to 31 tkcember 2019 the Trust received an interinTr legacy of £525,000. In July 2020 the
Trustccs received the balance of ihe legacv from Mr Kav Holmes of £)? 360.42, so that the total gift
amountcd to £577,360.42. In 2021 thc Trustees received a further L?15.i8 being a balance of Sthte Pension on
Kay Holmes estate.
In addition. on 16 Dec¢mkr 2021, Ihe Charities Aid Foundation awarded a dis¢retionary gift from the Estate
of Gillian Holmes, in ihe sum of £3J1.124.21.
In the light of the past two years of Covid financial impact on Har¢field Church fiinds, the Trustees agreed to
donate the sum of £30,000 to the Harefield PCC.
The Trustees prop(Is¢ to begin a programme of works to Harefteld Church
Review of fill2llcial tralls*etioDs
The financial statemenis as set out on pagc5 4 to 7 swnmarise the transactions of the charity during the year
ended 31 Deccmber 2021, ai ￿.hICh date there a surplus for the }'ear on the unrestricied fund of £882.748.
Restricted Fuud
Th¢ restricted fund for ihe Land Appeal ha5 been fully expended in past veat5.
Reserves poli¢y
The trustees" policy is to matnthin a level of rescrves which will provide a stable base for its contiwtuing
activities while at the same time ensuring e_xcessive funds are not accumulated. However, in the light of the
substantial bequests and legacies received in 2019 to 2021, although not restricied in any way, the Trustees
believe the intention of the gifts wa5 to ensure the long terni surviN'al of St Mary's Harefi¢ld Church as a fully
working partsh church for the comtnunity. The Trustees I￿lieVe that the reserves are suffi¢icnt for its cllrr¢nt
purposes and these are reVIe￿.ed on a regular b8SiS.
Risk Management
The trustees hai"e examined the ttEajor strdtegic. business and operational risks which the charity. faces and
confirtn that systems have bccn established ro enable regular reports to be prodllced so that necessary steps
can be taken to lessen these risk5.
Independent Examiners
A resolution proposing thai Charles Homan be r¢appointed &s Independent Examiner of the charity will be put
fonvard io the Trustees at their next general meeting.
V.1￿ ￿￿1￿................TrU5tee
- 2022
Page 3

ST MARY'S CIL4RITABLE TRUST
BALANCE SHEET
AS AT 31 DECEMBER 2021
L'nrestricted
Fund
2021
Totsl
2020
Total
Note
Currellt Assets
Nar West Bank alc
CCLA Accounts
910.905
2.043
910.905
2.043
580,050
2,042
Creditor5
(30:200}
(30.200)
(535)
Net assets
882.748
882,748
581,557
Fund balances
882,748
882,748
58l,557
. Trnstee
2022
The notes on pages 6 and 7 fomi part of these financial sthiements.
Page 4

ST MARY'S CHARrrABLE TRUST
STATEMENT OF FINANCIAL ACTivrriES
FOR THE YEAR ENDED 31 DECEMBER 2021
Ullre5trieted
Fund
2021
Total
2020
Tot*1
Note
Illeoming Resovrces-
VoluDtarn' Ineome
Bequests & Memortal Gifts
Kav Holmes estate
216
216
52,360
Gillian Holmes Estate
331.124
331,124
Donations
331,340
331,340
52,360
Interest on CBF Account
Total Incoming Resources
331,341
331,341
52,368
Resources Expended
Donation to St Marv"s
Harefield PCC
(30.000)
(30,000)
Governancc Costs
Independent Examiner fee
(150)
{150)
(50)
Total Resources Expended
(30,1 io)
()O,l io)
{50)
Net Incoming l{Out20inE}
301,191
301,191
52,318
Ill¢ l (Dec) funds for 2021
Fund Balances at 111121
301.191
301,191
i81.557
52,318
5?9,239
581.5)7
Fund Balances at 31112121
£88:.748
£88? 748
£i81.5i7
The notes on pages 6 and 7 fom) part of ihese financial statements.
Page i

ST MARY'S CHAIUTABLE TRUST
NOTES TO THE FtNANCLIL STATF.MEYrs
FOR THE YEAR ENDED 31 DECEMBER 2021
A¢¢ounting policies
1.1 Aeeounting Convelltioll
Thcse financial statements have been prepared under the hisiorical cosi convention and in accordance
with th¢ Church Accounling Regulaiions 21NJ6 together ￿1th applicable accounting Stand￿d5 and the
SORP 2005.
The St Marv's Charitabl¢ Trust is a reoistered charity. and is not liable to United Kingdom income tax or
corporation tax on charitsble aciivities.
1.2 Incoming resources
Donations and gifts
Income is recognised in the )'ear in which the ¢harity is entitled to re¢eipt and the amount can be
measured with reasonable certainty..
Investmeut income
Investment income is account¢d foT on a receivable basis.
IJ Resources expended
Expenditur¢ is included on an accrua15 basis including irrecoverable VAT.
Page 6

ST MARY'S CHARrrABLE TRUST
NOTES TO THE FINANCIAL STATEIIIENfs (Continued)
FOR THE YEAR ENDED 31 DECEMBER 2021
Creditors
2020
2019
Deposit held on 9 Lewis Close
Less: Due from PCC re gifts in
prior years
1.5iO
1,550
(1,515)
(1,515)
Add :Independent Examiner fee
for past years paid by PCC
450
400
Less= Paid during the year to 31
December 2021
Due to PCC
(485)
435
Donation to St Mary's Harefield
30,000
Independent ExamTnation Fee
2019 and 2020 and 2021
200
100
£30.200
£535
Funds
Unrestricted Funds ¢oTnprise those ￿ndS which the Trustees ar¢ free to use in accordanc¢ with the
Charitable objects.
Restricted Funds are funds that have been given for particular purposes and projects. as described in the
Trustees report.
Page 7

ST MARY'S CHARrrABLE TRUST
INDEPENDENT EK4MfNER'S REPORT TO THE TRUSTEES
FOR THE YEAR ENDED J l DECEMBER 2021
E report on the financial statements of the Tru￿. whi¢h are sd oui on pages 4 to 7.
Respective responsibilities ofTnL%tees alld Independent Exgminer
The charity's trustees are responsible for the prepardtion of the accounts. The Charitv's trustees consider that
an audit is not rcquircd for this vear (under the Charities Act 2011 (the 2011 Act)) and that an ind¢pendent
examination is needed.
It is my responsibility to:
examine the accounts
follow the procedures laid in the Generdl DIr￿tionS given by the Charity Commissionets in the
201 l Act- and
state whether particular mattcr5 have come to my attention.
Basis of independent examiner's report
My examination was Carried out in accordance with the Gcncral Directions given by the Charity
Commissioners. An exatnination includes a re￿IeW of the accounting records kcpt by th¢ charity and a
comparison of th¢ accounts pregented with those records. li also includes consideration of any unusual items
or disclosurcs in the accounts, and seeking explanations from you as Trusiees con¢erning any such matters.
The procedures undertaken do not provide 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.
Illdependent examiner's statetllenl
In conneclion with tny examination. no matter has come to my attention=
(l}which gives me reasonable cause to believe that in any mat¢rial respect the requirements to keep
a¢counting records in accordance i%ith the 2011 Aci; and to prepare accounts which accord with the
accounting records and comply with the accouniing reqlliremen￿ of the 201 l Act have not been met- or
{2) to which, in my opinion: attention should drawn in order to enable a proper understanding of the
accounls to IK reached.
Charles Homan FCA
Chartered Accountant
Spring Cottage
Tnitton
Petersfield
Hants GU315ER
18th October 2022
Page 8

ST MARY'S CHARITABLE TRUST
NOTES ON THE FUNDS
FOR THE YEAR ENDED 31 DECEMBER 2021
FUND MOVEMEiYrs
Unrestricted
General Fund
Unrestrieted
KaTr's Fulld
Lnrestricted
Jill's Fund
Total Fund$
Balance
brought
fonvard 1.12019
4.199
Donation
uest
Int¢r¢st
Independent
examination fee
Balance 31.12.19
Be
uest
Interest
Independcnt
examination fee
Balan¢e 31.1220
uest
Interest
Independent
¢xaTnination fee
Donation to St
's Harefield PCC
Balance 31.1221
7)
i25.000
io)
4239
525,000
529J29
50
4,197
577J60
216
S81,557
331,124
150}
{30.000
301,124
4,048
577576
882,748
Page 9

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