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2024-06-30-accounts

The Charity for the Emolument of the Chaplain of St Edward, King & Martyr, Cambridge

Annual Report to the Charity Commission

2023-2024

The Trustees for the year were:

Representing Trinity Hall:

Revd Dr Stephen Plant (Chair); Miss Alison Hennegan (Clerk); Dr Robert Asher.

For St Edward’s:

Dr Paul Anderson (Church Warden); Mrs Jillian Wilkinson (resigned December 2023); Mrs Heather Rix.

The object of the Charity is the provision or augmentation of the emolument of the Chaplain of St Edward’s Church or the defraying of expenses incurred by or on behalf of the said Chaplain in the performance of the duties of his/her office and in otherwise contributing to the maintenance of public worship.

The Trustees declare that there is no conflict of interests between themselves as individuals and their role as Trustees.

During the year the Trust paid a stipend to the Vicar-Chaplain, the Revd. Dr. Mark Scarlata and to the Assistant to the Vicar Chaplain, the Revd. Dr. Matthias Grebe, proportionate to the time worked. The Trust paid additional fees for visiting clergy who had taken services to cover annual leave of clergy.

The Trust’s funds, which are held in Trinity Hall Investment Funds, at 30/06/2024 total £2,252,826; all expenditure paid by the trust derive from the income yielded by these funds. We continue to match the stipend we award clergy to the rate of stipend paid by the Diocese of Ely to diocesan clergy.

In addition to the remuneration paid to the clergy at St Edward’s, the Trustees used funds to provide governance training and to pay ecclesiastical insurance to insure the clergy against indemnity

On behalf of the Trustees,

17/04/2025

Revd. Dr. Stephen Plant, Chairman of the Trust Dean & Runcie Fellow Trinity Hall Cambridge CB1 2DW sjp27@cam.ac.uk

St Edward's Trust Fund

Trading Statement as at 30 June 2024

==> picture [416 x 329] intentionally omitted <==

----- Start of picture text -----
£ £
Chaplain's Stipend Balance brought forward 96,559
Rev'd Dr M W Scarlata
Stipend 23/24 8,740
Employers' NI 23/24 663
Housing Allowance 23/24 5,160
Pension 23/24 3,024
17,587
Net income on
invested funds 54,859
Rev'd Dr M Grebe
Stipend 23/24 8,740
Housing Allowance 23/24 5,160
Pension 23/24 3,024
Employers' NI 23/24 663 17,587
Fee administration services provided
to St Edward,King and Martyr Church reimbursed by Trust
2023/24 4,901
KX31960-Conference invoice meeting 172
Ecclesiastical Insurance Group 880
T Brooks t/a Raedan Governance training for Trustees 480
Transfer to invested funds 109,811
Balance carried forward
151,418 151,418
Value of funds held in Trinity Hall Investment Fund
As at 30 June 2024:- £ 2,252,826 As at 30 June 2023:- £ 2,038,999
Income 24/25 Est £ 56,504.77
----- End of picture text -----

Certified by the Bursar, Mr T Harvey- Samuel

Signed………………………………

Date…………………………………

St Edward's Trust Fund

Trading Statement as at 30 June 2024

==> picture [416 x 329] intentionally omitted <==

----- Start of picture text -----
£ £
Chaplain's Stipend Balance brought forward 96,559
Rev'd Dr M W Scarlata
Stipend 23/24 8,740
Employers' NI 23/24 663
Housing Allowance 23/24 5,160
Pension 23/24 3,024
17,587
Net income on
invested funds 54,859
Rev'd Dr M Grebe
Stipend 23/24 8,740
Housing Allowance 23/24 5,160
Pension 23/24 3,024
Employers' NI 23/24 663 17,587
Fee administration services provided
to St Edward,King and Martyr Church reimbursed by Trust
2023/24 4,901
KX31960-Conference invoice meeting 172
Ecclesiastical Insurance Group 880
T Brooks t/a Raedan Governance training for Trustees 480
Transfer to invested funds 109,811
Balance carried forward
151,418 151,418
Value of funds held in Trinity Hall Investment Fund
As at 30 June 2024:- £ 2,252,826 As at 30 June 2023:- £ 2,038,999
Income 24/25 Est £ 56,504.77
----- End of picture text -----

Certified by the Bursar, Mr T Harvey- Samuel

Signed………………………………

Date…………………………………