﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.irs.gov/efile" returnVersion="2011v1.2">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2012-08-20T09:22:30-05:00</Timestamp>
    <TaxPeriodEndDate>2012-06-30</TaxPeriodEndDate>
    <PreparerFirm>
      <EIN>420714325</EIN>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>MCGLADREY LLP</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>111 ROUNDABOUT COURT</AddressLine1>
        <City>ROCKY MOUNT</City>
        <State>NC</State>
        <ZIPCode>27804</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990PF</ReturnType>
    <TaxPeriodBeginDate>2011-07-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>566099732</EIN>
      <Name>
        <BusinessNameLine1>CARLTON DALEY CHRISTIAN TRUST</BusinessNameLine1>
      </Name>
      <NameControl>DALE</NameControl>
      <Phone>8282972690</Phone>
      <USAddress>
        <AddressLine1>PO BOX 357</AddressLine1>
        <City>SUGAR GROVE</City>
        <State>NC</State>
        <ZIPCode>28679</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>H MARK DALEY JR</Name>
      <Title>TRUSTEE</Title>
      <Phone>8282972690</Phone>
      <DateSigned>2012-08-02</DateSigned>
      <AuthorizeThirdParty>1</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>STEPHEN BARNES</Name>
      <PTIN>P01221998</PTIN>
      <Phone>2524460111</Phone>
    </Preparer>
    <TaxYear>2011</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="4">
    <IRS990PF documentId="RetDoc1235000001">
      <ExemptPF>X</ExemptPF>
      <FMVAssetsEOY>133544</FMVAssetsEOY>
      <MethodOfAccountingCash>X</MethodOfAccountingCash>
      <AnalysisOfRevenueAndExpenses>
        <NotRequiredToAttachScheduleB>X</NotRequiredToAttachScheduleB>
        <DividendsRevAndExpnss>6331</DividendsRevAndExpnss>
        <DividendsNetInvstIncm>6331</DividendsNetInvstIncm>
        <NetGainSaleAssetsRevAndExpnss>-12691</NetGainSaleAssetsRevAndExpnss>
        <GrossSalesPrice>65045</GrossSalesPrice>
        <CapitalGainNetIncmNetInvstIncm>0</CapitalGainNetIncmNetInvstIncm>
        <OtherIncomeRevAndExpnss referenceDocumentId="RetDoc2001500001">-569</OtherIncomeRevAndExpnss>
        <OtherIncomeNetInvstIncm>0</OtherIncomeNetInvstIncm>
        <TotalRevenueAndExpenses>-6929</TotalRevenueAndExpenses>
        <TotalNetInvestmentIncome>6331</TotalNetInvestmentIncome>
        <CompOfcrDirTrstRevAndExpnss>0</CompOfcrDirTrstRevAndExpnss>
        <CompOfcrDirTrstNetInvstIncm>0</CompOfcrDirTrstNetInvstIncm>
        <CompOfcrDirTrstDsbrsChrtblPrps>0</CompOfcrDirTrstDsbrsChrtblPrps>
        <OtherExpensesRevAndExpnss referenceDocumentId="RetDoc2003200001">1503</OtherExpensesRevAndExpnss>
        <OtherExpensesNetInvstIncm>668</OtherExpensesNetInvstIncm>
        <OtherExpensesDsbrsChrtblPrps>0</OtherExpensesDsbrsChrtblPrps>
        <TotOprExpensesRevAndExpnss>1503</TotOprExpensesRevAndExpnss>
        <TotOprExpensesNetInvstIncm>668</TotOprExpensesNetInvstIncm>
        <TotOprExpensesDsbrsChrtblPrps>0</TotOprExpensesDsbrsChrtblPrps>
        <ContriGiftsPaidRevAndExpnss>2950</ContriGiftsPaidRevAndExpnss>
        <ContriGiftsPaidDsbrsChrtblPrps>2950</ContriGiftsPaidDsbrsChrtblPrps>
        <TotalExpensesRevAndExpnss>4453</TotalExpensesRevAndExpnss>
        <TotalExpensesNetInvstIncm>668</TotalExpensesNetInvstIncm>
        <TotalExpensesDsbrsChrtblPrps>2950</TotalExpensesDsbrsChrtblPrps>
        <ExcessOfRevenueOverExpenses>-11382</ExcessOfRevenueOverExpenses>
        <NetInvestmentIncome>5663</NetInvestmentIncome>
      </AnalysisOfRevenueAndExpenses>
      <BalanceSheets>
        <SavingsAndTempCashInvstBOY>3812</SavingsAndTempCashInvstBOY>
        <SavingsAndTempCashInvstEOY>7725</SavingsAndTempCashInvstEOY>
        <SavingsAndTempCashInvstEOYFMV>7725</SavingsAndTempCashInvstEOYFMV>
        <InvestmentsCorpBondsBOY>136383</InvestmentsCorpBondsBOY>
        <InvestmentsCorpBondsEOY referenceDocumentId="RetDoc2044400001">121088</InvestmentsCorpBondsEOY>
        <InvestmentsCorpBondsEOYFMV>125819</InvestmentsCorpBondsEOYFMV>
        <TotalAssetsBOY>140195</TotalAssetsBOY>
        <TotalAssetsEOY>128813</TotalAssetsEOY>
        <TotalAssetsEOYFMV>133544</TotalAssetsEOYFMV>
        <TotalLiabilitiesBOY>0</TotalLiabilitiesBOY>
        <TotalLiabilitiesEOY>0</TotalLiabilitiesEOY>
        <OrgThatDoNotFollowSFAS117>X</OrgThatDoNotFollowSFAS117>
        <CapitalStockBOY>0</CapitalStockBOY>
        <CapitalStockEOY>0</CapitalStockEOY>
        <PaidInOrCapitalSurplusBOY>0</PaidInOrCapitalSurplusBOY>
        <PaidInOrCapitalSurplusEOY>0</PaidInOrCapitalSurplusEOY>
        <RetainedEarningsBOY>140195</RetainedEarningsBOY>
        <RetainedEarningsEOY>128813</RetainedEarningsEOY>
        <TotalNetAssetsBOY>140195</TotalNetAssetsBOY>
        <TotalNetAssetsEOY>128813</TotalNetAssetsEOY>
        <TotalLiabilitiesNetAssetsBOY>140195</TotalLiabilitiesNetAssetsBOY>
        <TotalLiabilitiesNetAssetsEOY>128813</TotalLiabilitiesNetAssetsEOY>
      </BalanceSheets>
      <ChangesInNetAssetsFundBalances>
        <TotalNetAssetsFundBalancesBOY>140195</TotalNetAssetsFundBalancesBOY>
        <ExcessOfRevenueOverExpenses>-11382</ExcessOfRevenueOverExpenses>
        <OtherIncreases>0</OtherIncreases>
        <Subtotal>128813</Subtotal>
        <OtherDecreases>0</OtherDecreases>
        <TotalNetAssetsFundBalancesEOY>128813</TotalNetAssetsFundBalancesEOY>
      </ChangesInNetAssetsFundBalances>
      <CapitalGainsAndLosses>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>BARRON ASSET FUND</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2010-12-15</DateAcquired>
          <DateSold>2011-08-16</DateSold>
          <GrossSalesPrice>175</GrossSalesPrice>
          <CostOrOtherBasis>180</CostOrOtherBasis>
          <GainOrLoss>-5</GainOrLoss>
          <GainsMinusExcessOrLosses>-5</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>COLUMBIA MID CAP VALUE</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2010-09-27</DateAcquired>
          <DateSold>2011-08-16</DateSold>
          <GrossSalesPrice>78</GrossSalesPrice>
          <CostOrOtherBasis>78</CostOrOtherBasis>
          <GainOrLoss>0</GainOrLoss>
          <GainsMinusExcessOrLosses>0</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>JOHN HANCOCK DISCIPLINED VALUE</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2011-05-02</DateAcquired>
          <DateSold>2011-08-16</DateSold>
          <GrossSalesPrice>13277</GrossSalesPrice>
          <CostOrOtherBasis>15647</CostOrOtherBasis>
          <GainOrLoss>-2370</GainOrLoss>
          <GainsMinusExcessOrLosses>-2370</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>BARRON ASSET FUND</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2006-05-30</DateAcquired>
          <DateSold>2011-08-16</DateSold>
          <GrossSalesPrice>12152</GrossSalesPrice>
          <CostOrOtherBasis>13709</CostOrOtherBasis>
          <GainOrLoss>-1557</GainOrLoss>
          <GainsMinusExcessOrLosses>-1557</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>COLUMBIA MID CAP VALUE</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2006-05-30</DateAcquired>
          <DateSold>2011-08-16</DateSold>
          <GrossSalesPrice>6319</GrossSalesPrice>
          <CostOrOtherBasis>7668</CostOrOtherBasis>
          <GainOrLoss>-1349</GainOrLoss>
          <GainsMinusExcessOrLosses>-1349</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>IVY GLOBAL NATURAL RESOURCES</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2006-05-30</DateAcquired>
          <DateSold>2012-08-16</DateSold>
          <GrossSalesPrice>7473</GrossSalesPrice>
          <CostOrOtherBasis>9664</CostOrOtherBasis>
          <GainOrLoss>-2191</GainOrLoss>
          <GainsMinusExcessOrLosses>-2191</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>BLACKROCK EQUITY</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2009-05-12</DateAcquired>
          <DateSold>2011-09-28</DateSold>
          <GrossSalesPrice>145</GrossSalesPrice>
          <CostOrOtherBasis>115</CostOrOtherBasis>
          <GainOrLoss>30</GainOrLoss>
          <GainsMinusExcessOrLosses>30</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>COLUMBIA MARSICO 21ST CENTURY</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2006-05-30</DateAcquired>
          <DateSold>2011-09-28</DateSold>
          <GrossSalesPrice>185</GrossSalesPrice>
          <CostOrOtherBasis>212</CostOrOtherBasis>
          <GainOrLoss>-27</GainOrLoss>
          <GainsMinusExcessOrLosses>-27</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>IVY ASSET STRATEGY</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2008-02-27</DateAcquired>
          <DateSold>2011-09-28</DateSold>
          <GrossSalesPrice>34</GrossSalesPrice>
          <CostOrOtherBasis>43</CostOrOtherBasis>
          <GainOrLoss>-9</GainOrLoss>
          <GainsMinusExcessOrLosses>-9</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>OPPENHEIMER DEVELOPING MARKETS</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2006-11-14</DateAcquired>
          <DateSold>2011-09-28</DateSold>
          <GrossSalesPrice>116</GrossSalesPrice>
          <CostOrOtherBasis>169</CostOrOtherBasis>
          <GainOrLoss>-53</GainOrLoss>
          <GainsMinusExcessOrLosses>-53</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>PACE MONEY FUND</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2006-05-30</DateAcquired>
          <DateSold>2011-09-28</DateSold>
          <GrossSalesPrice>20</GrossSalesPrice>
          <CostOrOtherBasis>20</CostOrOtherBasis>
          <GainOrLoss>0</GainOrLoss>
          <GainsMinusExcessOrLosses>0</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>THORNBURG INTL VALUE</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2006-05-30</DateAcquired>
          <DateSold>2011-09-23</DateSold>
          <GrossSalesPrice>10000</GrossSalesPrice>
          <CostOrOtherBasis>11915</CostOrOtherBasis>
          <GainOrLoss>-1915</GainOrLoss>
          <GainsMinusExcessOrLosses>-1915</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>COLUMBIA MARSICO 21ST CENTURY</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2006-05-30</DateAcquired>
          <DateSold>2011-10-06</DateSold>
          <GrossSalesPrice>13570</GrossSalesPrice>
          <CostOrOtherBasis>16935</CostOrOtherBasis>
          <GainOrLoss>-3365</GainOrLoss>
          <GainsMinusExcessOrLosses>-3365</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>BLACKROCK EQUITY</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2009-05-12</DateAcquired>
          <DateSold>2011-12-28</DateSold>
          <GrossSalesPrice>250</GrossSalesPrice>
          <CostOrOtherBasis>182</CostOrOtherBasis>
          <GainOrLoss>68</GainOrLoss>
          <GainsMinusExcessOrLosses>68</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>FT MUTUAL GLOBAL DISCOVERY</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2006-05-30</DateAcquired>
          <DateSold>2011-12-28</DateSold>
          <GrossSalesPrice>12</GrossSalesPrice>
          <CostOrOtherBasis>12</CostOrOtherBasis>
          <GainOrLoss>0</GainOrLoss>
          <GainsMinusExcessOrLosses>0</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>IVY ASSET STRATEGY</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2008-02-27</DateAcquired>
          <DateSold>2011-12-28</DateSold>
          <GrossSalesPrice>60</GrossSalesPrice>
          <CostOrOtherBasis>75</CostOrOtherBasis>
          <GainOrLoss>-15</GainOrLoss>
          <GainsMinusExcessOrLosses>-15</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>OPPENHEIMER DEVELOPING MARKETS</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2006-11-14</DateAcquired>
          <DateSold>2011-12-28</DateSold>
          <GrossSalesPrice>150</GrossSalesPrice>
          <CostOrOtherBasis>220</CostOrOtherBasis>
          <GainOrLoss>-70</GainOrLoss>
          <GainsMinusExcessOrLosses>-70</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>PACE MONEY FUND</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2006-05-30</DateAcquired>
          <DateSold>2011-12-28</DateSold>
          <GrossSalesPrice>29</GrossSalesPrice>
          <CostOrOtherBasis>29</CostOrOtherBasis>
          <GainOrLoss>0</GainOrLoss>
          <GainsMinusExcessOrLosses>0</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>BLACKROCK EQUITY</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2009-05-12</DateAcquired>
          <DateSold>2012-03-28</DateSold>
          <GrossSalesPrice>246</GrossSalesPrice>
          <CostOrOtherBasis>165</CostOrOtherBasis>
          <GainOrLoss>81</GainOrLoss>
          <GainsMinusExcessOrLosses>81</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>FT MUTUAL GLOBAL DISCOVERY</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2006-11-14</DateAcquired>
          <DateSold>2012-03-28</DateSold>
          <GrossSalesPrice>88</GrossSalesPrice>
          <CostOrOtherBasis>85</CostOrOtherBasis>
          <GainOrLoss>3</GainOrLoss>
          <GainsMinusExcessOrLosses>3</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>OPPENHEIMER DEVELOPING MARKETS</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2012-11-14</DateAcquired>
          <DateSold>2012-03-28</DateSold>
          <GrossSalesPrice>166</GrossSalesPrice>
          <CostOrOtherBasis>211</CostOrOtherBasis>
          <GainOrLoss>-45</GainOrLoss>
          <GainsMinusExcessOrLosses>-45</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>PACE MONEY FUND</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2006-05-30</DateAcquired>
          <DateSold>2012-06-27</DateSold>
          <GrossSalesPrice>58</GrossSalesPrice>
          <CostOrOtherBasis>58</CostOrOtherBasis>
          <GainOrLoss>0</GainOrLoss>
          <GainsMinusExcessOrLosses>0</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>BLACKROCK EQUITY</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2009-05-12</DateAcquired>
          <DateSold>2012-06-27</DateSold>
          <GrossSalesPrice>322</GrossSalesPrice>
          <CostOrOtherBasis>224</CostOrOtherBasis>
          <GainOrLoss>98</GainOrLoss>
          <GainsMinusExcessOrLosses>98</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainsAndLossesInfo>
          <DescriptionOfAsset>FT MUTUAL GLOBAL DISCOVERY</DescriptionOfAsset>
          <HowAcquired>P</HowAcquired>
          <DateAcquired>2006-05-30</DateAcquired>
          <DateSold>2012-06-27</DateSold>
          <GrossSalesPrice>120</GrossSalesPrice>
          <CostOrOtherBasis>120</CostOrOtherBasis>
          <GainOrLoss>0</GainOrLoss>
          <GainsMinusExcessOrLosses>0</GainsMinusExcessOrLosses>
        </CapitalGainsAndLossesInfo>
        <CapitalGainNetIncome>-12691</CapitalGainNetIncome>
      </CapitalGainsAndLosses>
      <QlfyUndSect4940eForReducedTax>
        <LiableFor4942Tax>0</LiableFor4942Tax>
        <QualifyingDistributionsYear1>2930</QualifyingDistributionsYear1>
        <NoncharitableAssetsYear1>141993</NoncharitableAssetsYear1>
        <DistributionRatioYear1>0.020635</DistributionRatioYear1>
        <QualifyingDistributionsYear2>1600</QualifyingDistributionsYear2>
        <NoncharitableAssetsYear2>124506</NoncharitableAssetsYear2>
        <DistributionRatioYear2>0.012851</DistributionRatioYear2>
        <QualifyingDistributionsYear3>500</QualifyingDistributionsYear3>
        <NoncharitableAssetsYear3>109766</NoncharitableAssetsYear3>
        <DistributionRatioYear3>0.004555</DistributionRatioYear3>
        <QualifyingDistributionsYear4>7000</QualifyingDistributionsYear4>
        <NoncharitableAssetsYear4>167656</NoncharitableAssetsYear4>
        <DistributionRatioYear4>0.041752</DistributionRatioYear4>
        <QualifyingDistributionsYear5>18500</QualifyingDistributionsYear5>
        <NoncharitableAssetsYear5>162565</NoncharitableAssetsYear5>
        <DistributionRatioYear5>0.113801</DistributionRatioYear5>
        <TotalDistributionRatio>0.193594</TotalDistributionRatio>
        <AverageDistributionRatio>0.038719</AverageDistributionRatio>
        <NetNoncharitableAssets>131740</NetNoncharitableAssets>
        <AdjustedNoncharitableAssets>5101</AdjustedNoncharitableAssets>
        <OnePercentNetInvestmentIncome>57</OnePercentNetInvestmentIncome>
        <AdjNonchrtblAssetsAndOnePct>5158</AdjNonchrtblAssetsAndOnePct>
        <QualifyingDistributions>2950</QualifyingDistributions>
      </QlfyUndSect4940eForReducedTax>
      <ExciseTaxBasedOnInvestmentIncm>
        <InvestmentIncomeExciseTax>113</InvestmentIncomeExciseTax>
        <TaxUnderSection511>0</TaxUnderSection511>
        <Subtotal>113</Subtotal>
        <SubtitleATax>0</SubtitleATax>
        <TaxBasedOnInvestmentIncome>113</TaxBasedOnInvestmentIncome>
        <TotalCreditsAndPayments>0</TotalCreditsAndPayments>
        <TaxDue>113</TaxDue>
      </ExciseTaxBasedOnInvestmentIncm>
      <StatementsRegardingActivities>
        <LegislativePoliticalActivities>0</LegislativePoliticalActivities>
        <MoreThan100Spent>0</MoreThan100Spent>
        <Form1120POLFiled>0</Form1120POLFiled>
        <Sect4955TaxOnOrganization>0</Sect4955TaxOnOrganization>
        <Sect4955TaxOnManagers>0</Sect4955TaxOnManagers>
        <ReimbursementOfTax>0</ReimbursementOfTax>
        <ActivitiesNotPrevReported>0</ActivitiesNotPrevReported>
        <ChangesToArticlesOrBylaws>0</ChangesToArticlesOrBylaws>
        <UnrelatedBusIncomeOver1000>0</UnrelatedBusIncomeOver1000>
        <TerminationEtc>0</TerminationEtc>
        <RequirementsOfSect508e>1</RequirementsOfSect508e>
        <AtLeast5000InAssets>1</AtLeast5000InAssets>
        <StatesFiledWith>NC</StatesFiledWith>
        <Form990PFFiledWithAG>1</Form990PFFiledWithAG>
        <PrivateOperatingFoundation>0</PrivateOperatingFoundation>
        <NewSubstantialContributors>0</NewSubstantialContributors>
        <InterestInControlledEntity>0</InterestInControlledEntity>
        <ApplicableInsuranceContract>0</ApplicableInsuranceContract>
        <ComplyWithPublicInspectionRqr>1</ComplyWithPublicInspectionRqr>
        <WebsiteAddress>N/A</WebsiteAddress>
        <BooksInCareOfBusinessName>
          <BusinessNameLine1>H MARK DALEY JR</BusinessNameLine1>
        </BooksInCareOfBusinessName>
        <BooksInCareOfPhoneNumber>8282972690</BooksInCareOfPhoneNumber>
        <BooksInCareOfUSAddress>
          <AddressLine1>PO BOX 357</AddressLine1>
          <City>SUGAR GROVE</City>
          <State>NC</State>
          <ZIPCode>28679</ZIPCode>
        </BooksInCareOfUSAddress>
        <ForeignBank>0</ForeignBank>
      </StatementsRegardingActivities>
      <StatementsRegardingActy4720>
        <SaleOrExchangeWithDsqflyPerson>0</SaleOrExchangeWithDsqflyPerson>
        <BorrowOrLendWithDsqflyPerson>0</BorrowOrLendWithDsqflyPerson>
        <FurnishedGoodsWithDsqflyPerson>0</FurnishedGoodsWithDsqflyPerson>
        <PayCompensationToDsqflyPerson>0</PayCompensationToDsqflyPerson>
        <TransferAssetsToDsqflyPerson>0</TransferAssetsToDsqflyPerson>
        <PaymentToGovernmentOffical>0</PaymentToGovernmentOffical>
        <UncorrectedPriorActs>0</UncorrectedPriorActs>
        <UndistributedIncomePriorYears>0</UndistributedIncomePriorYears>
        <BusinessHoldings>0</BusinessHoldings>
        <JeopardyInvestments>0</JeopardyInvestments>
        <UncorrectedJeopardyInvestments>0</UncorrectedJeopardyInvestments>
        <InfluenceLegislation>0</InfluenceLegislation>
        <InfluenceElection>0</InfluenceElection>
        <GrantsToIndividuals>0</GrantsToIndividuals>
        <GrantsToOrganizations>0</GrantsToOrganizations>
        <NoncharitablePurpose>0</NoncharitablePurpose>
        <RcvFundsToPayPrsnlBnftContract>0</RcvFundsToPayPrsnlBnftContract>
        <PayPremiumsPrsnlBnftContract>0</PayPremiumsPrsnlBnftContract>
        <ProhibitedTaxShelterTransactn>0</ProhibitedTaxShelterTransactn>
      </StatementsRegardingActy4720>
      <OfcrDirTrusteesKeyEmployeeInfo>
        <OfcrDirTrusteesOrKeyEmployee>
          <PersonName>H MARK DALEY JR</PersonName>
          <USAddress>
            <AddressLine1>PO BOX 357</AddressLine1>
            <City>SUGAR GROVE</City>
            <State>NC</State>
            <ZIPCode>28679</ZIPCode>
          </USAddress>
          <Title>TRUSTEE</Title>
          <AvgHoursPerWkDevotedToPosition>0.00</AvgHoursPerWkDevotedToPosition>
          <Compensation>0</Compensation>
          <ContriToEmplBenefitPlansEtc>0</ContriToEmplBenefitPlansEtc>
          <ExpenseAccountOtherAllowances>0</ExpenseAccountOtherAllowances>
        </OfcrDirTrusteesOrKeyEmployee>
        <CompOfHighestPaidEmplNONE>NONE</CompOfHighestPaidEmplNONE>
        <TotNumberOfOthEmplPaidOver50k>0</TotNumberOfOthEmplPaidOver50k>
        <CompOfHghstPaidCntrctNONE>NONE</CompOfHghstPaidCntrctNONE>
        <TotNumberOfCntrctPaidOver50k>0</TotNumberOfCntrctPaidOver50k>
      </OfcrDirTrusteesKeyEmployeeInfo>
      <SumOfProgramRelatedInvestments>
        <Total>0</Total>
      </SumOfProgramRelatedInvestments>
      <MinimumInvestmentReturn>
        <AvgMonthlyFMVOfSecurities>125592</AvgMonthlyFMVOfSecurities>
        <AvgMonthlyCashBalances>8154</AvgMonthlyCashBalances>
        <FMVAllOtherNoncharitableAssets>0</FMVAllOtherNoncharitableAssets>
        <TotalFMVOfUnusedAssets>133746</TotalFMVOfUnusedAssets>
        <ReductionClaimed>0</ReductionClaimed>
        <AcquisitionIndebtedness>0</AcquisitionIndebtedness>
        <AdjTotalFMVOfUnusedAssets>133746</AdjTotalFMVOfUnusedAssets>
        <CashDeemedCharitable>2006</CashDeemedCharitable>
        <NetNoncharitableAssets>131740</NetNoncharitableAssets>
        <MinimumInvestmentReturn>6587</MinimumInvestmentReturn>
      </MinimumInvestmentReturn>
      <DistributableAmount>
        <MinimumInvestmentReturn>6587</MinimumInvestmentReturn>
        <TaxBasedOnInvestmentIncome>113</TaxBasedOnInvestmentIncome>
        <TotalTax>113</TotalTax>
        <DistributableAmountBeforeAdj>6474</DistributableAmountBeforeAdj>
        <RecoveriesQlfyDistributions>0</RecoveriesQlfyDistributions>
        <DistributableAmountBeforeDed>6474</DistributableAmountBeforeDed>
        <DeductionFrDistributableAmount>0</DeductionFrDistributableAmount>
        <DistributableAmountAsAdjusted>6474</DistributableAmountAsAdjusted>
      </DistributableAmount>
      <QualifyingDistributions>
        <ExpensesAndContributions>2950</ExpensesAndContributions>
        <ProgramRelatedInvestmentsTotal>0</ProgramRelatedInvestmentsTotal>
        <QualifyingDistributions>2950</QualifyingDistributions>
        <OnePctSect4940eOrgNetInvstIncm>0</OnePctSect4940eOrgNetInvstIncm>
        <AdjQualifyingDistributions>2950</AdjQualifyingDistributions>
      </QualifyingDistributions>
      <UndistributedIncome>
        <DistributableAmountAsAdjusted>6474</DistributableAmountAsAdjusted>
        <UndistributedIncomePriorYear>0</UndistributedIncomePriorYear>
        <TotalForPriorYears>0</TotalForPriorYears>
        <ExcessDistriCarryoverYear5>11641</ExcessDistriCarryoverYear5>
        <TotalExcessDistriCarryover>11641</TotalExcessDistriCarryover>
        <QualifyingDistributions>2950</QualifyingDistributions>
        <AppliedToYear1>0</AppliedToYear1>
        <AppliedToPriorYears>0</AppliedToPriorYears>
        <TreatedAsDistriFromCorpus>0</TreatedAsDistriFromCorpus>
        <AppliedToCurrentYear>2950</AppliedToCurrentYear>
        <RemainingDistriFromCorpus>0</RemainingDistriFromCorpus>
        <ExcessDistriCyovAppCYCorpus>3524</ExcessDistriCyovAppCYCorpus>
        <ExcessDistriCyovAppliedCY>3524</ExcessDistriCyovAppliedCY>
        <TotalCorpus>8117</TotalCorpus>
        <PriorYearUndistributedIncome>0</PriorYearUndistributedIncome>
        <PriorYearDeficiencyOrTax>0</PriorYearDeficiencyOrTax>
        <TaxableAmount1>0</TaxableAmount1>
        <TaxableAmount2>0</TaxableAmount2>
        <UndistributedIncomeCY>0</UndistributedIncomeCY>
        <DistriFromCorpus170b1EOr4942g3>0</DistriFromCorpus170b1EOr4942g3>
        <ExcessDistriCyovFromYear5>8117</ExcessDistriCyovFromYear5>
        <ExcessDistriCyovToNextYear>0</ExcessDistriCyovToNextYear>
      </UndistributedIncome>
      <SupplementaryInformation>
        <OnlyContributesToPreselected>X</OnlyContributesToPreselected>
        <AppicationSubmissionInfo>
          <RecipientName>H MARK DALEY JR</RecipientName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 357</AddressLine1>
            <City>SUGAR GROVE</City>
            <State>NC</State>
            <ZIPCode>28679</ZIPCode>
          </RecipientUSAddress>
          <RecipientPhoneNumber>8282972690</RecipientPhoneNumber>
          <FormAndInfoAndMaterials>WRITTEN REQUEST</FormAndInfoAndMaterials>
          <SubmissionDeadlines>NONE</SubmissionDeadlines>
          <RestrictionsOnAwards>NONE</RestrictionsOnAwards>
        </AppicationSubmissionInfo>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>BETHEL BAPTIST CHURCH</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>123 MOUNTAIN DALE RD</AddressLine1>
            <City>VILAS</City>
            <State>NC</State>
            <ZIPCode>28692</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>PUBLIC CHARITY</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>NON-PROFIT CHARITABLE</PurposeOfGrantOrContribution>
          <Amount>300</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>CROSSNORE SCHOOL</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>100 DAR DR</AddressLine1>
            <City>CROSSNORE</City>
            <State>NC</State>
            <ZIPCode>28616</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>PUBLIC CHARITY</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>NON-PROFIT CHARITABLE</PurposeOfGrantOrContribution>
          <Amount>250</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>MISSION POSSIBLE</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>PO BOX 61</AddressLine1>
            <City>JENISON</City>
            <State>MI</State>
            <ZIPCode>49429</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>PUBLIC CHARITY</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>NON-PROFIT CHARITABLE</PurposeOfGrantOrContribution>
          <Amount>1800</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>PREGNANCY CARE CENTER</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>501 EAST UNION ST</AddressLine1>
            <City>MORGANTON</City>
            <State>NC</State>
            <ZIPCode>28655</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>PUBLIC CHARITY</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>NON-PROFIT CHARITABLE</PurposeOfGrantOrContribution>
          <Amount>100</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>OASIS INC</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>5525 EAST 51ST STREET</AddressLine1>
            <City>TULSA</City>
            <State>OK</State>
            <ZIPCode>74105</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>PUBLIC CHARITY</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>NON-PROFIT CHARITABLE</PurposeOfGrantOrContribution>
          <Amount>300</Amount>
        </GrantOrContriPaidDuringYear>
        <GrantOrContriPaidDuringYear>
          <RecipientBusinessName>
            <BusinessNameLine1>NC COMM FOUNDATION</BusinessNameLine1>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1>4601 SIX FORKS ROAD</AddressLine1>
            <City>RALEIGH</City>
            <State>NC</State>
            <ZIPCode>27609</ZIPCode>
          </RecipientUSAddress>
          <RecipientFoundationStatus>PUBLIC CHARITY</RecipientFoundationStatus>
          <PurposeOfGrantOrContribution>NON-PROFIT CHARITABLE</PurposeOfGrantOrContribution>
          <Amount>200</Amount>
        </GrantOrContriPaidDuringYear>
        <TotGrantOrContriPaidDuringYear>2950</TotGrantOrContriPaidDuringYear>
        <TotGrantOrContriApprovedFuture>0</TotGrantOrContriApprovedFuture>
      </SupplementaryInformation>
      <AnalysisIncomeProducingActy>
        <DividendsAndIntFromSecPartVII>
          <ExclusionCode>14</ExclusionCode>
          <ExclusionAmount>6331</ExclusionAmount>
        </DividendsAndIntFromSecPartVII>
        <GainSalesAssetsOthThanInvntry>
          <ExclusionCode>18</ExclusionCode>
          <ExclusionAmount>-12691</ExclusionAmount>
        </GainSalesAssetsOthThanInvntry>
        <OtherRevenueDescribed>
          <Description>CHENIERE ENERGY PARTNERS</Description>
          <ExclusionCode>01</ExclusionCode>
          <ExclusionAmount>-174</ExclusionAmount>
        </OtherRevenueDescribed>
        <OtherRevenueDescribed>
          <Description>KINDER MORGAN ENERGY PARTNERS</Description>
          <ExclusionCode>01</ExclusionCode>
          <ExclusionAmount>-395</ExclusionAmount>
        </OtherRevenueDescribed>
        <SubtotalsPartXVIA>
          <UnrelatedBusinessIncomeAmount>0</UnrelatedBusinessIncomeAmount>
          <ExclusionAmount>-6929</ExclusionAmount>
          <RelatedOrExemptFunctionIncome>0</RelatedOrExemptFunctionIncome>
        </SubtotalsPartXVIA>
        <TotalPartXVIA>-6929</TotalPartXVIA>
      </AnalysisIncomeProducingActy>
      <TrnsfrTrRlnWithNoncharitableEO>
        <TrnsfrOfCashToNoncharitableEO>0</TrnsfrOfCashToNoncharitableEO>
        <TrnsfrOthAssetsNoncharitableEO>0</TrnsfrOthAssetsNoncharitableEO>
        <SalesOrExchangesOfAssets>0</SalesOrExchangesOfAssets>
        <PurchaseAssetsNoncharitableEO>0</PurchaseAssetsNoncharitableEO>
        <RentalOfFacilitiesEtc>0</RentalOfFacilitiesEtc>
        <ReimbursementArrangements>0</ReimbursementArrangements>
        <LoansOrLoanGuarantees>0</LoansOrLoanGuarantees>
        <PerformanceOfServicesEtc>0</PerformanceOfServicesEtc>
        <SharingOfFacilitiesEtc>0</SharingOfFacilitiesEtc>
        <RelationshipsNoncharitableEOs>0</RelationshipsNoncharitableEOs>
      </TrnsfrTrRlnWithNoncharitableEO>
    </IRS990PF>
    <InvestmentsCorpBondsSchedule documentId="RetDoc2044400001">
      <InvestmentsCorpBonds>
        <NameOfBond>FT MUTUAL DISCOVERY A</NameOfBond>
        <EOYBookValue>11540</EOYBookValue>
        <EOYFMV>11129</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>OPPENHEIMER DEVELOPING MARKETS FD</NameOfBond>
        <EOYBookValue>9173</EOYBookValue>
        <EOYFMV>9343</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>THORNBURG INTL VALUE FD</NameOfBond>
        <EOYBookValue>6431</EOYBookValue>
        <EOYFMV>5494</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>IVY ASSET STRATEGY FUND</NameOfBond>
        <EOYBookValue>9565</EOYBookValue>
        <EOYFMV>8585</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>BLACKROCK EQUITY DIVIDEND FUND</NameOfBond>
        <EOYBookValue>10033</EOYBookValue>
        <EOYFMV>14465</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>POWERSHARES EXCHANGE TRADED FD</NameOfBond>
        <EOYBookValue>13071</EOYBookValue>
        <EOYFMV>18882</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>ANNALY CAPITAL MANAGEMENT</NameOfBond>
        <EOYBookValue>8014</EOYBookValue>
        <EOYFMV>8390</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>AT&amp;T</NameOfBond>
        <EOYBookValue>8388</EOYBookValue>
        <EOYFMV>10698</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>FRONTIER COMMUNICATIONS CORP</NameOfBond>
        <EOYBookValue>25158</EOYBookValue>
        <EOYFMV>13405</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>NEW YORK CMNTY BANCORP</NameOfBond>
        <EOYBookValue>6349</EOYBookValue>
        <EOYFMV>6265</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>CHENIERE ENERGY PARTNERS</NameOfBond>
        <EOYBookValue>6706</EOYBookValue>
        <EOYFMV>11305</EOYFMV>
      </InvestmentsCorpBonds>
      <InvestmentsCorpBonds>
        <NameOfBond>KINDER MORGAN ENERGY PARTNERS</NameOfBond>
        <EOYBookValue>6660</EOYBookValue>
        <EOYFMV>7858</EOYFMV>
      </InvestmentsCorpBonds>
    </InvestmentsCorpBondsSchedule>
    <OtherExpensesSchedule documentId="RetDoc2003200001">
      <OtherExpenses>
        <Description>ACCOUNTING FEES</Description>
        <RevenueAndExpensesPerBooks>835</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>0</NetInvestmentIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </OtherExpenses>
      <OtherExpenses>
        <Description>INVESTMENT FEES</Description>
        <RevenueAndExpensesPerBooks>668</RevenueAndExpensesPerBooks>
        <NetInvestmentIncome>668</NetInvestmentIncome>
        <DisbursementsCharitablePrps>0</DisbursementsCharitablePrps>
      </OtherExpenses>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc2001500001">
      <OtherIncome>
        <Description>CHENIERE ENERGY PARTNERS</Description>
        <RevenueAndExpensesPerBooks>-174</RevenueAndExpensesPerBooks>
        <AdjustedNetIncome>-174</AdjustedNetIncome>
      </OtherIncome>
      <OtherIncome>
        <Description>KINDER MORGAN ENERGY PARTNERS</Description>
        <RevenueAndExpensesPerBooks>-395</RevenueAndExpensesPerBooks>
        <AdjustedNetIncome>-395</AdjustedNetIncome>
      </OtherIncome>
    </OtherIncomeSchedule2>
  </ReturnData>
</Return>