## **ST. MARY HALL TRUST**
## **ANNUAL REPORT FOR YEAR ENDING 31[st] DECEMBER 2021**
## **Objectives of the Trust**
To maintain St. Mary Hall for the use of the local community and to further Christian religious education in the parish.
## **Structure of the Trust**
All decisions made by the appointed trustees in accordance with the rules of the trust.
## **Relationships**
There are no relationships between the trust and any other body or charity.
## **Review of Activities**
Firstly, it must be borne in mind that the trust does not at present carry out fundraising activities. It relies on income from letting the hall and giving use of the car park to a local doctors’ surgery together with investment income to meet its outgoings.
The hall managed to function during the year, but operations were, once again, disrupted by the pandemic regulations. Things began to get back to normal in the second half of the year when hall and parking fees were increased. The Nursery school continues to occupy the hall during the week and is the main source of income. Other users started to come back in the second half of the year. General maintenance tasks continued, and a revised cleaning rota was devised to reduce costs after the lifting of pandemic restrictions. Just under £400 was used to fund religious education.
## **Reserves**
It is the policy of the trustees to set aside any surpluses each year for future maintenance of the hall. At the end of 2021, £45,724 remained set aside for such work on a deposit account. There is also a repair fund of £66,270 set aside with COIF.
All other investments are held in COIF units. The general investment fund, which at present stands at £127,544 generates dividend income to the Trust. The recoupment account is to repay capital which was used in 1974 to build the hall (The historic cost of the hall was £25,000) and the balance of this account now stands at £82,520.
## **Surplus for the year**
A surplus of £20,896 was reported for the year after paying all expenses. Cleaning and maintenance costs were greatly reduced owing to the ongoing pandemic restrictions. Due to the lack of lettings, honoraria costs were also greatly reduced. Hall and parking fees were increased during the year.
The main risks are perceived as fire in the hall and legal action which may be taken by users of the hall against the trust. Both risks are insured. The trustees have also taken indemnity cover on themselves.
Report confirmed by the trustees on ………………………
|ST.MARY
HALL|||||
|---|---|---|---|---|
||||||
|FINANCIAL
STATEMENT
FOR YEAR
ENDING
31.12.2021|||||
||||||
|Incoming
Resources|||||
||||||
|Furtherance
of Charity's
Objectives|||||
||||||
|Hall Letting
Fees||||25803|
||||||
|Investment
Income|||||
||||||
|Dividends
from COIF
investment||||3284|
|Interest from
COIF deposit||||5|
||||||
|Other Income|||||
||||||
|Fees from
doctors for
car park use||||2650|
||||||
||||||
|Total Income||||31742|
||||||
||||||
||||||
||||||
||||||
|Resources
Expended|||||
|Grants Paid
in
furtherance
of charity's
objectives||||949|
|---|---|---|---|---|
|Sunday
School|||||
||||||
|Advent/Lent
Extra||||224|
|Coach to
Walsingham|||||
|Charitable
Donations|||||
||||||
|Total||||1173|
||||||
|Costs of
activities in
furtherance
of charity's
objectives|||||
||||||
|Honorarium
in relation to
looking after
hall||||900|
|Utilities||||1907|
|Waste
Services||||702|
|Cleaning||||1166|
|Insurance||||2272|
|Maintenance||||2220|
|Supplies and
expenses||||313|
|Car Park
expenses|||||
|Total||||9480|
||||||
||||||
||||||
||||||
|Resources
expended
administering
charity|||||
|---|---|---|---|---|
||||||
|Annual
payments to
COIF*||||138|
|Ground rent
for hall site||||5|
|Admin
Expenses|||||
|Independent
Examiner's
fee||||50|
||||||
|Total||||193|
||||||
|Total
Expenditure||||10846|
||||||
||||||
|Excess of
income over
expenditure||||20896|
||||||
|* Covers efr
and
recoupment
accounts|||||
## **BALANCE SHEET OF ST.MARY HALL TRUST AS AT 31.12.2021**
|**Fixed Assets**||
|---|---|
|Unit Trust Investments with COIF|127544|
|Unit Trust Investments with COIF ERF A/C|66270|
|Unit Trust Investments with COIF-Recoupment a/c|82520|
|**Total Fixed Assets**|276334|
|**Current Assets**||
|Deposit A/C at COIF|45724|
|Bank Accounts|46549|
|**Total Current Assets**|92273|
|**Total Assets**|368607|
|**Note to Accounts: No Assets are restricted in any way.**||
Independent Examinerfs report to the trustees of St. Mary Hall Trust
I report on the accounts of the Trust for the year ended 315t. December 2021.
The charity's trustees are responsible for the preparation of the accounts. The charitvs
trustees consider that an audit is not required for this year under section 43121 of the
Charities Art 1993 and that an independent examlnation is needed.
It is my responsibility to:
examine the accounts under section 43 of the Charities Act 1993.
to follow the procedures laid down in the general directions given by the Charity
Commission under section 4317llbl of the Art,- and
to state whether particular matters have come to my attention.
My examination was carried out in accordance with the general directions given by the
Charity Commission and is in accordance with Regulation 11 of the Charities Accounts
Iscotlandl Regulations 2006. An examination includes a review of the accounting 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 the accounts. and seeking
explanations from you as trustees concerning any such matters. The procedures undertaken
do not provide all evidence that would be required in an audit and consequently no opinion
is given as to whether the accounts present a true and fair view and the report is limited to
those matters set out in the statement below.
In connection with my examination, no matter has come to my attention:
l. which gives reasonable cause to believe thot any in any material respect the
requirements..
to keep accounting records in accordance with section 41 of the 1993 Act and
section 44lllla) of the 2005 Act and Regulation 4 of the 2006 Accounts
Regulations- and
to prepare accounts which accord with the accounting records and comply
with the accounting requirements of the 1993 Act and Section 44{Illbl of the
2005 Act and Regulation 8 of the 2006 Accounts Regulations
Have not been met; or
2. to which, in my opinion, attention should be drawn in order to enable a proper
understanding of the accounts to be reached.
Name and signed.............
Address..................
T 6R1ts66