Charity RegistrAdon No. 2767￿ (Englalld and Wales)
ST MARY'S CHARrrABLE TRUST
ANNUAL REPORT AND FINANCIAL STATEMENrs
FOR THE YEAR ENDED 31 DECEMBER 2024

ST MARY'S CHARITABLE TRUST
cowrENrs
Page
Legal and Administrntive Inforniation
Report of the Trustee$
Balance Sheet
Statement of Financial Activities
Notes to the Finaneial Statsments
Ind¢p¢ndent Examiner's Report

t4RY'S CHARTfABLE TRUST
LEGAL AND ADMtNISTRATIVE INFORMATION
Trustees
Revcrend Martin Davies
Rowena Scott
Mark Dalton
Beverley Meier (appointed 16 May 2021)
Katherine Jill Dalton
Independent Exgminer
Charles Homan FCA
Spring Cottage
Trotton
Petersfield
Hants
GU315ER
Banken
Nat West
Northwood Branch
37 Green Lane
Northwood
Middx
HA6 3AF
The CCLA Chur¢h of En8land Deposit Fund
CCLA Investment Manasement Ltd
80 Cheapsid¢
London
EC2V 6DZ
Tr¢*Jurer
Ms K J Dalton
Long Lane Fann
l¢kenham
Uxhrid8e
Mid¢lx
UBIO 8QT
Page I

ST MARY'S CHAR￿ABLE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trnstees of the St Mary's Charitabl¢ Trust present their annual report and financial 5tatemcnts for the year
ended 31 December 2024.
Tru5tees' resw)nsibilities in relation to the finan¢ial statements
Charity law requires th¢ Trnstee5 to prepare financial 5tatemcnts for each financial year which give a true and
fair view of the state of affairs of the Trust and of the surplus or d¢ficit of the Trust for that year. In preparing
those financial statements, the Tntste¢s are required to:
select suitable accounting policies and then apply them Consistently,
make judgements and estimjtes that are reasonable and prud¢nL
state whether appli¢able a¢¢ountin8 Standards and $tstements of recommended practi¢è have been
followed subject to Any departures disclosed and explained in the finan¢ial statements and.
prepare the fmancial statsments on the goins con¢¢rn basis unless it is inappropriate to presutD¢ that the
Trust will continue in business.
The Trustees are responsible for keeping proper a¢countin8 records which di8clos¢ with reasonable ac¢uracy
at any time th¢ financial position of the Trust and to en8ble th¢m to ensure that the finanetal stat¢ments
comply with the Charities Act 2022. Th¢y also rcsponsible for saf¢guarding the assets of the Trust and
hen¢¢ for taking reasonable steps for the prevention and detection of fraud and other irre8ularities.
Trustees
Trustees Bre appointed by the Board of Trustees and the Trustees throughout the period w¢r¢'.
Rcvrnd Martin Davie5
Row¢n& Scott
Mark Dalton
Bev¢rley Meier
K Jill Dalton
CoD$titutiott and Objects
The St Mary'5 Charitable Trust is wnstituted by a Deed of Trust dated 24 Mv4y 1978 and is a registered
charity, number 276755.
The Trustee5 &hall hold the Trust Fund and thc incom¢ thereof for the di$burscment and athninistrntion of 311
gifts, donation% lega¢i¢s and devises madc and bequeathed to St Mary's Church. The Trustees have pow¢r to
apply or invest such Trust monies in such shares and proportions as they think fi¢ subject to th¢ pmyiso that
the objects are exolusively Charitable.
Pag¢ 2

ST MAIiYS CHAR￿ABLE TRUST
REPORT OF THE TRUSTEES (continued)
FOR THE YEAR EfiDED 31 DECEMBER 2024
Review of developments, a¢dvities achievements
Unrestricted Fund
Durin8 thc year to 31 December 2019 th¢ Tnjst received &n interim legacy of £525.000. In July 2020 the
TNslees r¢c¢ived the balance of the l¢gacy from Mr Kay Holme5 of £52,360.42, so that the total gift
amounted to £577,360.42. In 2021 the Trns¢ees received a further £215.58 bcing a balance of State Pension on
Kay Holmes eststc.
In addition, on 16 Dccember 2021. the Charttie5 Aid Foulldatioll awarded a di￿retIOnary gift from the Estate
of Gillian Holmes, in the sum of £331,124.21.
The Trnslecs have begun a programme of works to Harefield Church, and quotes have been obtsined for the
works whieh began in earnest in 2024 having obtained the necessary faeuliies from the Diocese. During the
year to 31 Dec¢mber 2024 the Trustees made k donalion of £42.777 to St Mary's Harcfield PCC in relation to
maintenance works to St Trdary'g Church artd Churchyard (2023 £8,574)
Review of fin*u¢lAI tr8D$*ctlons
The fmancial stst¢ments as set out on PAges 4 to 7 summaris¢ the transactions of the ch8rity durin8 the year
ended 31 December 2024, at which dat¢ ther¢ was 8 surplus for the year on the urwestri¢ted fund of £854,562
{2023 £866,771).
In December 2023, the Trustees made a long¢r-terni inve51ment with the CCLA in the sum of £750.000 with
the intention that it will generate sufficient interest to cover thc cost of the planned works of repair and
irnprovemeni at Harefield Church in the lon8 terni.
Reserves polity
The truste¢s' policy is to maintsin a level of reserves which will provide a stable base for its continutng
activities whil¢ at the same time ensuring excessive funds are not accumulated. However, in the light of the
substantial bequests and legacies received in 2019 to 2021, although not restricted, the Trnstees believe the
intention of the gifts was to ensure the long-t¢nn survival of St MAry's Harefield Church as a fully working
parish church for th¢ community. The Trustees belicve Ihat the reserve5 are sufficient for its current purposes
and these are r¢viewed on a regular basis.
Rlsk Mallagement
The trustee5 have examined the mHjor strategie. business Alld opgrntionAI ri8k8 whioh the Ghorlty fLcG5 at
confirm that systems have been established to ¢nable regular reports to be pn)duced so that necessary steps
can be tak¢n to lessen these risks.
Independent Examlner
A resolution proposing that Charle5 Homan be Teapwinted as Independent Examiner of the charity will be put
forward to the Trustee$ at their next 8¢ncral meeting.
- 2025
Page 3

ST MARY?S CHAIUTABLE TRUST
BALANCE SHEET
AS AT 31 DECEMBER 2024
Unrestricted
Fund
2024
Totsl
2023
Total
Note
Current Assets
Nat W¢st Bank alc
CCLA Accounts
74,554
782,854
74,554
782,854
123,359
752,136
Creditors
(2.846)
(2.846)
(8,724)
Net agsets
854,562
854,562
866,771
Fund bAlanc¢s
854,562
854,562
866,771
31. 2025
The notes on pages 6 and 7 form part of these fin*nei&l statements.
Page 4

ST MARY'S CIIARITABLE TRUST
STATEMENT OF FtNANCIAL ACTtVTrJis
FOR THE YEAR EIYDED 31 DECEMBER 2024
Unrestricted
Fund
2024
Total
2023
Total
Note
Interest on CBF Account
30,718
30.718
66
Total lllcomiog Resources
30.718
30.718
66
Resources Expended
Donalion to St Mary's
Harefield PCC
(42,777)
(42,777)
(8.574)
Tree work to Churchyard
Governanee Costs
(150)
{150)
(150)
Total Resource4 Expended
42.927)
(42,927)
8,724
Net IncomiDg l(Outgoin£)
{122lVJ)
(12,209)
18,658)
Inc l (Dee) thDd8 for 2024
Fund Balances at111124
(12,209)
866,771
(12,209)
866,771
(8,658)
875.429
Fund Balanees Vdt 31112n4
£854 562
£854.562
£866 771
The notes on pages 6 and 7 forn) part of these financial statements.
P8g¢ 5

ST MARY'S CHARITABLE TRUST
NOTES TO THE FJNANCIAL STATEMEiYrs
FOR THE YEAR ENDED 31 DECEMBER 2024
A¢counting polieies
1.1 Accounting Convenlio
These financial state￿¢￿ts have been prepared under the historical cost convention and in actordance
with the Church Accounting Regulations 2006 together with applicable accounting standards and the
SORP 2005.
The St Mary's Charitable TTUSt is a registered charity and is not liable to United Kingdom income t&x or
corporation t&x on charitabl¢ activities.
la Incoming resourc
Dottations and ￿ft&
Income is recognis¢d in the year in which the charity is entitled to receipt and the Amount ¢an be
measured with reasonable certainty.
IDvestment income
Inv¢slm¢nt income is ￿￿untrd for on a receivabl¢ basis.
IJ Resources expended
Expenditure is included on an accruals basis including irrewverable VAT.
Page 6

ST MARY'S CHARrrABLE TRUST
NOTES TO THE FINANCIAL STATEMEwfs (Continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
Creditors
2023
2023
t)onation to St Mary's Harefield
PCC for Irpairs and maintenance
to
Harefield Church
chU￿hYard during 2024
2.546
8.574
Independent Examination F¢¢
2024
300
150
£2,846
£8.724
Funds
Unrestricted Funds ¢omprise those ￿ndS which the Trustees 8re free to use in 8Gcordance with the
Charitable objects.
Restricted Funds are funds thal have ljeen given for particular purpJse$ Jnd projects. as descrikd in th¢
Trust¢es report.
Page 7

ST MARVS CHARrrABLE TRUST
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
I r¢port on the financial stst¢ments of the TrusL which are set out on pages 4 to 7.
Re8peclive re5ponslbi]ities of Trustees 2nd Independent Examiner
The charity's trustees are responsibl¢ foT the preparation of the accounts. The charity's truste¢s consider that
an audit is not required for this y¢8r (under lh¢ Charities Act 2011 (the 2011 A¢t)) and that an independent
examination is needed.
It 15 my responsibility to:
examine the accounts
follow the pffKedures laid down in the General Directions givcn by the Charity Commissioners in the
2022 A¢t' and
stale wheihcr particular matters have come to my attention.
B48is of independent examiner'g report
My ex8minatiL)n was caTricd out in ￿￿OrdanCe with the General Directions given by the Charity
Commissioners. An examination includes a review of the a¢wunting records kept by the charity and
comparison of the accounts presented with those records. It 81so includes ¢onsiderAtion of any unusual items
or disclosures in the accounts, and seeking explanations from you as Trustees con¢eming any such matters.
The prOc￿ureS undertaken do not provide all the evidence that would be required in an audiL and
nsequently I do not exp￿SS an audit opinion on the view giv¢n by the accounts.
Independent ex#mlner's statement
In connection with my ¢xamin8tion, no matter has come to my attention:
(l) which giv¢s me reasonabl¢ cause to believe that in 8ny material respect the requir¢m¢nts to keep
￿￿OUntIng records in aCCord￿ce with th¢ 2022 A¢t" and to prepar¢ accounts which accord with the
accounting records and comply with the accounting requirements of the 2022 AGt have not bc¢n m¢( or
(2) to whi¢h, in my opinion, attention should be drawn in order to enable a proper understanding of the
accounts to bc Tea¢hed.
Ch8rl¢s Homan FCA
Chartered A¢¢ountant
Spring Cottage
Trotton
Petersfield
Hants GU31 SER
3.11.IOJ...2025
Page 8

sr MARY'S CHARITABLE TRUST
NOTES ON THE FUTIDS
FOR THE YEAR ENDED 31 DECEMBER 2024
FUND MOVEMENTS
Uttrestricted
General Fund
Unrestrleted
's Fund
Unrestricted
Jill's Fuod
Tot21 Funds
Balance
1.1.2019
brought
fonv&rd
4.199
Donation
uest
Interest
Independent examination fee
75
525.000
15
150)
Bal*nc¢ 31.12.19
Bc
uest
Interest
Indepcnd¢nt examination fee
529
29
52.360
50
4,197
Balallee 31.12.20
Bequest
Interesl
Independent CX8mination fee
577J60
216
581.557
331,124
150
Donation to St
's Har¢field PCC
B4lince 31.12.21
Independent ¢xatuination f¢¢
30,000
301 124
577,576
882.748
(150)
Donation to St
's Harefield PCC
Tree work in Church
Interest
Balance3A.1222
t)onation to St
's Harefield PCC
Independent examination f¢¢
27
25
577
76
293
28
87S,429
150
66
Interest
BAllln¢e 31.1223
577
76
285J54
Donation to St
Marv's Harefield PCC
Independent examination fee
150
Interest
Balance 31.12.24
30,718
273395
3.691
577,576
854,562
Page 9