## **The Firdale Christian Trust** Registered Charity No 1011863 ## **Annual Report** 1 May 2020 to 30 April 2021 Appendix ‘A’ Trustees Mr Matthew Kenneth Milburn Mr Philip John Milburn Mr Joe David Milburn Mr Max William Milburn Mr Simon Higgins Correspondence address The Firdale Christian Trust 3 Martin Close Oakham Rutland LE15 6HB **The Firdale Christian Trust** Registered Charity No 1011863 ## **Annual Report** 1 May 2020 to 30 April 2021 ## **Trust objectives** The objectives of the Trust are; the promotion of Christian faith in the lives of individuals and communities the advancement of education and health and relief of suffering. Administration of the Trust is governed by a Trust Deed dated 18[th] March 1991. The Trust has six trustees whose names are listed in Appendix ‘A’ together with the address of the Trust. ## **Activities in the year** The death of the founding Trustees (and sponsors) in 2016 and 2017 had a profound impact on the Trust. It took time to form the new board of trustees and to resolve complex legal, financial and inheritance issues. The founding trustees left a significant gift to the Trust on their passing and this has also had to be invested. In light of the above 2020 – 21 has been a year of transition, as new Trustees come to terms with their roles and responsibilities. The following key strategic decisions have been made by the new trustees. - The rental of the Trusts property asset (21 Charter House) has been used to create income to support Trust objectives - The provision of loans from the new funds have been made to generate interest / income and support Trust objectives - Trustees have continued to make gifts / donations to individuals and organisations that were supported by founding trustees - Trustees have begun to make gifts / donations to different individuals and organisations that align with the objectives of the Trust Income of £254,244.93 includes a transfer of £210,000 from the Business Account to enable a further secured loan to Roket Group of £160,000. This coupled with the loan made in 2019 of £150,000 means that the Trust has leant £310,000 to Roket Group at an interest rate of 6% initially, reducing to 5% from 1.4.21. The income from these loans in this year has amounted to £18,088.65. The remaining income of £24,000 came from rental charge on 21 Charter House and an historic investment with Tilney, which produced an income of £2,156.28. Expenditure was £10,560.48 of which £8,850 went to beneficiaries. £3,000 went to St Thomas’ Church, £250 to the Childrens’ Society, £1000 was donated to Gerard Beiboer Shaping Futures fund in Australia, £1000 to Keppelwray Trust and Kingstone School Uganda received £2,600. All of these orgnaisations were supported by the founding trustees. In addition 2 individuals shared £1000. Matthew Milburn Chair of Trustees January 2022 ## **The Firdale Christian Trust** Income and expenditure account 1 May 2020 to 30 April 2021 PAYMENTS TO BENEFICIARIES 2020 - 21 Payme.nt fram Dr to FCT Bift5 1.-5.30 24.-5.2D 27.11.20 27.1.?1 2%.1.?1 5t ThDma.% nn thp. 8wrne f 3,(KK).rA) Thp. childre.n s srjrie.ty 2.5￿.fIn Gift tn GprArd Be.ibnpr 5hapin8 Future. I,(K)n.r Gift to Matthp.w Kirk .5￿.[)￿ Gift to Thp. KF.pplp.wray Tru.4t I,￿n.[)n Gift to Kin85tDnp. Sch(Kil, 8uikwp. Uf4andA f 2,GOD.DO Gift to Aobv.rt lan 21.3.21 13.3.21 'f 8,11.50.OD The Firdale Christian Trust Captial Account at 30[th] April 2021 Capital Account |**Capital account as of**||| |---|---|---| |**1.5.21**||| |**Assets**||| ||£950,000.0|| |21 Charter House|0|Estimated valuation| ||£350,000.0|Secured loan gaining 5%| |Loan to Roket Group|0|interest| |Tilney Active Portfolio||| |Fund|£95,942.00|| |HSBC Community Account||| |324|£95,195.98|Workingaccount| |HSBC Business Account||Reserve / investment| |258|£40,089.66|account| |||| ||£1,531,227|| ||.64|| Firdale Christian Trust income and outgoings 1st May 2020 to 30 Payment from or to |1.5.20|St Thomas on the Bourne| |---|---| |24.5.20|The Children's Society| |26.5.20|EDF Energy| |1.6.20|St Thomas on the Bourne| |25.6.20|EDF Energy| |1.7.20|St Thomas on the Bourne| |6.7.20|British Gas| |27.7.20|EDF Energy| |3.8.20|St Thomas on the Bourne| |24.8.20|Transfer from Business Manager act| |25.8.20|EDF Energy| |25.8.20|Loan to Roket group| |26.8.20|Loan to Roket group| |1.9.20|St Thomas on the Bourne| |10.9.20|Thames Water| |25.9.20|EDF Energy| |1.10.20|St Thomas on the Bourne| |14.10.20|British Gas| |26.10.20|EDF Energy| |30.10.20|Interest from Roket Group| |2.11.20|St Thomas on the Bourne| |25.11.20|EDF Energy| |27.11.20|Gift to Gerard Beiboer Shaping Futures| |27.11.20|HSBC transfer charge| |30.11.20|Interest from Roket Group| |1.12.20|St Thomas on the Bourne| |29.12.20|EDF Energy| |4.1.21|British Gas| |4.1.21|St Thomas on the Bourne| |7.1.221|Interest from Roket Group| |25.1.21|EDF Energy| |27.1.21|Gift to Matthew Kirk| |28.1.21|Gift to The Kepplewray Trust| |31.1.21|Interest from Roket Group| |1.2.21|St Thomas on the Bourne| |25.2.21|EDF Energy| |1.3.21|St Thomas on the Bourne| |2.3.21|Interest from Roket Group| |4.3.21|LEI register| |10.3.21|Thames Water| |---|---| |21.3.21|Gift to Kingstone School, Buikwe, Uganda| |22.3.21|Gift to Robert Jones| |25.3.21|EDF Energy| |29.3.21|Phil and Ever rent 1.4.21 to 31.3.22| |30.3.21|Phil and Ever rent| |31.3.21|Phil and Ever rent| |31.3.21|British Gas| |31.3.21|Interest from Roket Group| |31.3.21|Interest from Roket Group Loan 1| |1.4.21|St Thomas on the Bourne| |15.4.21|Gift to Kingstone School, Buikwe, Uganda| |19.4.21|Gift to Kingstone School, Buikwe, Uganda| |26.4.21|EDF Energy| ## Total ## 0th April 2021 ## Income ## Outgoings £ 250.00 £ 250.00 £ 41.00 £ 250.00 £ 41.00 £ 250.00 £ 44.84 £ 76.00 £ 250.00 £ 210,000.00 £ 76.00 £ 80,000.00 £ 80,000.00 £ 250.00 £ 125.43 £ 76.00 £ 250.00 £ 35.32 £ 76.00 £ 1,399.23 £ 250.00 £ 76.00 £ 1,000.00 £ 30.00 £ 631.23 £ 250.00 £ 76.00 £ 6.74 £ 250.00 £ 652.27 £ 150.00 £ 500.00 £ 1,000.00 £ 652.27 £ 250.00 £ 150.00 £ 250.00 £ 589.15 £ 150.00 £ 150.88 £ 1,300.00 £ 500.00 £ 150.00 £ 10,000.00 £ 10,000.00 £ 4,000.00 £ 29.27 £ 652.27 13,512.23 £ 250.00 £ 100.00 £ 1,200.00 £ 150.00 Total income Total outgoings £ 252,088.65 £ 170,560.48 £ 210,000.00 Secure loan Investment -£ 39,439.52 Total without loan £ 291,528.17 Total with OMM endowments £ 14,104.48 £ 18,694.43 £ 52.28 £ 32,851.19 Endowments from OMM estate £ 258,676.98 Total without OMM endowments Firdale Christian Trust accounts for 1st My 2020 to 30th April 2021 |Date|Payment from or to|Endowments|Income|Bills|FCT gifts|Investments| |---|---|---|---|---|---|---| |1.5.20|St Thomas on the Bourne||||£ 250.00|| |24.5.20|The Children's Society||||£ 250.00|| |26.5.20|EDF Energy|||£ 41.00||| |1.6.20|St Thomas on the Bourne||||£ 250.00|| |25.6.20|EDF Energy|||£ 41.00||| |1.7.20|St Thomas on the Bourne||||£ 250.00|| |6.7.20|British Gas|||£ 44.84||| |27.7.20|EDF Energy|||£ 76.00||| |3.8.20|St Thomas on the Bourne||||£ 250.00|| |24.8.20|Transfer from Business Manager act|£ 210,000.00||||| |25.8.20|EDF Energy|||£ 76.00||| |25.8.20|Secure loan to Roket group|||||£ 80,000.00| |26.8.20|Secure loan to Roket group|||||£ 80,000.00| |1.9.20|St Thomas on the Bourne||||£ 250.00|| |10.9.20|Thames Water|||£ 125.43||| |25.9.20|EDF Energy|||£ 76.00||| |1.10.20|St Thomas on the Bourne||||£ 250.00|| |14.10.20|British Gas|||£ 35.32||| |26.10.20|EDF Energy|||£ 76.00||| |30.10.20|Interest from Roket Group||£ 1,399.23|||| |2.11.20|St Thomas on the Bourne||||£ 250.00|| |25.11.20|EDF Energy|||£ 76.00||| |27.11.20|Gift to Gerard Beiboer Shaping Futures||||£ 1,000.00|| |27.11.20|HSBC transfer charge|||£ 30.00||| |30.11.20|Interest from Roket Group||£ 631.23|||| |1.12.20|St Thomas on the Bourne||||£ 250.00|| |29.12.20|EDF Energy|||£ 76.00||| |4.1.21|British Gas|||£ 6.74||| |4.1.21|St Thomas on the Bourne||||£ 250.00|| |7.1.221|Interest from Roket Group||£ 652.27|||| |25.1.21|EDF Energy|||£ 150.00||| |27.1.21|Gift to Matthew Kirk||||£ 500.00|| |28.1.21|Gift to The Kepplewray Trust||||£ 1,000.00|| |31.1.21|Interest from Roket Group||£ 652.27|||| |1.2.21|St Thomas on the Bourne||||£ 250.00|| |25.2.21|EDF Energy|||£ 150.00||| |1.3.21|St Thomas on the Bourne||||£ 250.00|| |2.3.21|Interest from Roket Group||£ 589.15|||| |4.3.21|LEI register|||£ 150.00||| |10.3.21|Thames Water|||£ 150.88||| |21.3.21|Gift to Kingstone School, Buikwe, Uganda||||£ 1,300.00|| |22.3.21|Gift to Robert Jones||||£ 500.00|| |25.3.21|EDF Energy|||£ 150.00||| |29.3.21|Phil and Ever rent 1.4.21 to 31.3.22||£ 10,000.00|||| |30.3.21|Phil and Ever rent||£ 10,000.00|||| |31.3.21|Phil and Ever rent||£ 4,000.00|||| |31.3.21|British Gas|||£ 29.27||| |31.3.21|Interest from Roket Group||£ 652.27|||| |31.3.21|Interest from Roket Group Loan 1||£ 13,512.23|||| |1.4.21|St Thomas on the Bourne||||£ 250.00|| |15.4.21|Gift to Kingstone School, Buikwe, Uganda||||£ 100.00|| |19.4.21|Gift to Kingstone School, Buikwe, Uganda||||£ 1,200.00|| |26.4.21|EDF Energy|||£ 150.00||| ||||Total income|Total costs|Total gifts|| ||Total||£ 42,088.65|£ 1,710.48|£ 8,850.00|| ## Income & Expenditure Account ## INCOME 21 Charter House Rent Interest from loans Total £ 24,000.00 £ 18,089.00 ## EXPENDITURE Payments to beneficiaries £ 8,850.00 Bank Charges £ 30.00 Utilities £ 1,710.00 Total Net Income £ 42,089.00 10,590.00 £ 31,499.00 |Date|Payment from or to|FCT gifts| |---|---|---| |1.5.20|St Thomas on the Bourne|£ 3,000.00| |24.5.20|The Children's Society|£ 250.00| |27.11.20|Gift to Gerard Beiboer Shaping Futures|£ 1,000.00| |27.1.21|Gift to Matthew Kirk|£ 500.00| |28.1.21|Gift to The Kepplewray Trust|£ 1,000.00| |21.3.21|Gift to Kingstone School, Buikwe, Uganda|£ 2,600.00| |22.3.21|Gift to Robert Jones|£ 500.00| |||£ 8,850.00| **Capital account as of 1.5.21** ## **Assets** 21 Charter House £ 950,000.00 Loan to Roket Group £ 350,000.00 Tilney Active Portfolio Fund £ 95,942.00 HSBC Community Account 324 £ 95,195.98 HSBC Business Account 258 £ 40,089.66 £ 1,531,227.64 ## Estimated valuation Secured loan gaining 5% interest Working account Reserve / investment account Examiners / Auditors report February 18[th] 2022 To whom it may concern I have examined the accounts 1 May 2020 to 30 April 2021 of **The Firdale Christian Trust,** Registered Charity No 1011863. I can confirm that they are accurate and appropriate for the activities of the charity. ## Paul Kennedy **Paul Kennedy** / Director of Business & Operations paul.kennedy@enquirelearningtrust.org / 07808 085214 **Enquire Learning Trust** Unit 18, Appleton Court, Wakefield, WF2 7AR