## **The Firdale Christian Trust** Registered Charity No 1011863 ## **Annual Report** 1 May 2021 to 30 April 2022 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 2021 to 30 April 2022 ## **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 2021 – 22 has been a year of consolidation, as the new Trustees come to terms with their roles and responsibilities. The following key strategic decisions have been reaffirmed by trustees: - The rental of the Trust’s property asset (21 Charter House) to create income to support Trust objectives - The provision of loans from the funds 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 made further gifts / donations to different individuals and organisations that align with the objectives of the Trust Income of £39,401.02 includes for an increased rental income from 21 Charter House of £27,000 (up from £24,000 in 2020-21) and interest from loans at 5% totaling £12,366.02. The remaining income of £35 from the solicitor who handled Olive Milburn’s estate. Given the turbulence in the markets, no income was drawn from the historic investment with Tilney. A decision was made to transfer funds from the bank accounts to the Evelyn / Tilney Active portfolio and this will be reflected in next years accounts. £18,202.00 was transferred to beneficiaries; includes for £3,000 to St Thomas’ Church in addition to other good causes that have been supported historically. Circa £11,000.00 was transferred to the Kingstone School Uganda to support the wages of teachers and to enable the school to rebuild following the pandemic. All of these orgnaisations were supported by the founding trustees. Matthew Milburn Chair of Trustees February 2023 ## **The Firdale Christian Trust** Income and expenditure account 1 May 2020 to 30 April 2021 The Firdale Christian Trust Capital Account at 30[th] April 2022 ## **Assets** |**Assets**||| |---|---|---| ||£|| |21 Charter House|950,000.00|Estimated valuation| ||£|Secured loan gaining 5%| |Loan to Roket Group|310,000.00|interest| |Tilney Active Portfolio|£|| |Fund|94,444.44|| |HSBC Community Account|£107,222.9|| |324|4|Workingaccount| |HSBC Business Account|£|Reserve / investment| |258|40,095.82|account| ||**£1,541,7**|| |Total assets|**63.20**|| Firdale Christian Trust accounts for 1st May 2021 to 30th April 2022 CHARITY REGISTRATION NO. 1011863 |Date|Payment from or to|Endowments|Income|Bills|FCT gifs|Investments| |---|---|---|---|---|---|---| |4.5.21|St Thomas on the Bourne||||£ 250.00|| |16.5.21|Stles Harold Will|||£ 5,150.00||| |19.5.21|Kingstone School Uganda||||£ 1,332.00|| |25.5.21|EDF Energy|||£ 150.00||| |31.5.21|Stles Harold Will|||£ 340.76||| |31.5.21|Kingstone School Uganda||||£ 2,000.00|| |1.6.21|St Thomas on the Bourne||||£ 250.00|| |3.6.21|Impact Giving - Marcus Appleton||||£ 500.00|| |15.6.21|Liveability||||£ 500.00|| |15.6.21|Kingstone School Uganda||||£ 1,300.00|| |25.6.21|EDF Energy|||£ 150.00||| |1.7.21|St Thomas on the Bourne||||£ 250.00|| |14.7.21|Britsh Gas|||£ 31.75||| |26.7.21|EDF Energy|||£ 150.00||| |28.7.21|Jenny Hayes - Shepherds Bush||||£ 500.00|| |2.8.21|St Thomas on the Bourne||||£ 250.00|| |25.8.21|EDF Energy|||£ 150.00||| |1.9.21|St Thomas on the Bourne||||£ 250.00|| |7.9.21|Kingstone School Uganda||||£ 600.00|| |17.9.21|Thames Water|||£ 152.94||| |27.9.21|EDF Energy|||£ 150.00||| |1.10.21|St Thomas on the Bourne||||£ 250.00|| |6.10.21|Britsh Gas|||£ 25.41||| |25.10.21|EDF Energy|||£ 150.00||| |1.11.21|St Thomas on the Bourne||||£ 250.00|| |25.11.21|RHW Solicitors||£ 35.00|||| |25.11.21|EDF Energy|||£ 150.00||| |1.12.21|St Thomas on the Bourne||||£ 250.00|| |1.12.21|Fridge Freezer Incl. ftng|||£ 750.00||| |9.12.21|Mission Direct||||£ 500.00|| |10.12.21|Leaders of worship||||£ 500.00|| |17.12.21|Kingstone School Uganda||||£ 500.00|| |29.12.21|EDF Energy|||£ 150.00||| |4.1.22|St Thomas on the Bourne||||£ 250.00|| |11.1.22|Bank charges|||£ 5.80||| |14.1.22|Britsh Gas|||£ 31.08||| |21.1.22|Kingstone School Uganda||||£ 1,200.00|| |25.1.22|EDF Energy|||£ 203.00||| |1.2.22|St Thomas on the Bourne||||£ 250.00|| |11.2.22|Bank charges|||£ 5.40||| |19.2.22|Kingstone School Uganda||||£ 1,200.00|| |25.2.22|EDF Energy|||£ 203.00||| |1.3.22|St Thomas on the Bourne||||£ 250.00|| |8.3.22|Thames Water|||£ 124.12||| |16.3.22|Barnsley Youth Choir||||£ 270.00|| |25.3.22|EDF Energy|||£ 203.00||| |27.3.22|Kingstone School Uganda||||£ 1,300.00|| |28.3.22|Impact Giving - Marcus Appleton||||£ 500.00|| |30.3.22|Rent P J Milburn||£ 10,000.00|||| |31.3.22|Rent P J Milburn||£ 10,000.00|||| |31.3.22|Roket Property Services Interest||£ 12,366.02|||| |1.4.22|St Thomas on the Bourne||||£ 250.00|| |2.4.22|Rent P J Milburn||£ 7,000.00|||| |11.4.22|Bank charges|||£ 5.00||| |13.4.22|Kepplewray Trust - Nick Breton||||£ 1,000.00|| |19.4.22|Britsh Gas|||£ 32.27||| |25.4.22|EDF Energy|||£ 203.00||| |27.4.22|Kingstone School Uganda||||£ 1,500.00|| Total income Total costs Total gifts Total £ 39,401.02 £ 8,666.53 £ 18,202.00 ## Income & Expenditure Account |INCOME||| |---|---|---| |21 Charter House Rent|£ 27,000.00|| |Interest from loans|£ 12,366.02|| |Solicitor balancing payment|£ 35.00|| |Total||£ 39,401.02| |EXPENDITURE||| |Payments to benefciaries|£ 18,202.00|| |Bank Charges|£ 16.20|| |Utlites|£ 2,409.57|| |Other Costs|£ 6,240.76|| |Total||£ 26,868.53| |Net Income||£ 12,532.49| |Payment from or to|FCT gifs| |---|---| |Kingstone School Uganda|£ 10,932.00| |St Thomas on the Bourne|£ 3,000.00| |Impact Giving - Marcus Appleton|£ 1,000.00| |Kepplewray Trust - Nick Breton|£ 1,000.00| |Jenny Hayes - Shepherds Bush|£ 500.00| |Leaders of worship|£ 500.00| |Liveability|£ 500.00| |Mission Direct|£ 500.00| |Barnsley Youth Choir|£ 270.00| £ 18,202.00 Capital account as of 1.5.22 ## Assets - 21 Charter House £ 950,000.00 Estimated valuation - Loan to Roket Group £ 350,000.00 Secured loan gaining 5% interest - Tilney Active Portfolio Fund £ 94,444.44 - HSBC Community Account 324 £ 107,222.94 Working account HSBC Business Account 258 £ 40,095.82 Reserve / investment account £ 1,541,763.20 Examiners / Auditors report February 18[th] 2023 To whom it may concern I have examined the accounts 1 May 2021 to 30 April 2022 of The Firdale Christan 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