THE ROBIN MISCHEFF CHARITABLE TRUST
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS
For the year ended 5 April 2022 Charity Registration Number 1143219
THE ROBIN MISCHEFF CHARITABLE TRUST
| CONTENTS OF FINANCIAL STATEMENTS | |
|---|---|
| Page | |
| Charity Information | 1 |
| Trustees Report | 2 - 3 |
| Independent Examiners Report | 4 |
| Receipts and Payments Account | 5 |
| Statement of Assets and Liabilities | 6 |
| Notes to the Accounts | 7 |
THE ROBIN MISCHEFF CHARITABLE TRUST
CHARITY INFORMATION
| CHARITY NUMBER | : | 1143219 |
|---|---|---|
| GOVERNING INSTRUMENT | : | Declaration of Trust dated 16 May 2011 |
| TRUSTEES | : | Robin Mischeff |
| Trevor Davies | ||
| Dimiter Mirtchev | ||
| Kelly Noel-Smith | ||
| Robert Solyom | ||
| CHAIRMAN AND SETTLOR | : | Robin Mischeff |
| PRINCIPAL ADDRESS | : | 31 Hill Street |
| London | ||
| W1J 5LS | ||
| REGISTERED OFFICE | 6 Amherst Road | |
| Hastings | ||
| TN34 1TT | ||
| INDEPENDENT EXAMINER | : | Alison Whalley FCA |
| Naylor Wintersgill Limited | ||
| Chartered Accountants | ||
| Carlton House | ||
| Grammar School Street | ||
| BRADFORD | ||
| BD1 4NS | ||
| BANKERS | : | C Hoare & Co |
| 37 Fleet Street | ||
| London EC4P 4DQ |
Page 1
THE ROBIN MISCHEFF CHARITABLE TRUST
REPORT OF THE TRUSTEES
The Trustees present their Report for the year ended 5 April 2022
Trustees
The Trustees who served during the period were :-
Robin Mischeff Trevor Davies Dimiter Mirtchev Kelly Noel-Smith Robert Solyom
Structure, Governance and Management
The Charity was formed on 16 May 2011 by a Declaration of Trust made by the Settlor and the Trustees and registered as a charity on 2 August 2011.
The Trustees have assessed the risks to which the Charity is exposed.
The Trustees meet to attend to legal and administrative affairs of the Charity, to review and set policy.
The Settlor holds the power of appointing and removing trustees during his life. Subject to this, the Trustees hold the power of appointing and removing trustees.
Objectives and Activities
The objects of the Charity are for such exclusively charitable purposes as the Trustees shall from time to time in their absolute discretion determine. The Trustees apply the income of the assets under their control. The Trustees may also apply the whole or any part or parts of the capital of such assets under their control for the benefit of the public and in particular in furtherance of the following objects (the "Objects"):
-
(a) The prevention or relief of poverty;
-
(b) The advancement of education;
-
(c) The advancement of the arts, culture, heritage or science;
-
(d) The advancement of environmental protection or improvement;
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(e) The relief of those in need, by reason of youth, age, ill health, disability, financial hardship or other disadvantage; and
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(f) The advancement of animal welfare.
The Trustees must use the income and may use the capital of the Charity in promoting the Objects.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. The activities carried out by the Charity during the year were the distribution of grants to other charitable organisations and others in accordance with the objects of the Charity.
The Charity plans to continue and expand the activities outlined above in forthcoming years.
Page 2
THE ROBIN MISCHEFF CHARITABLE TRUST
REPORT OF THE TRUSTEES
Achievements and Performance
The Trustees have sufficient funds which have enabled them to make grants and which also provide a strong platform for future grant aid.
The Trustees decided to revert with a counter offer to an offer for the parcel of land from a neighbour, as the Trust needed funds for Charitabel requirements.
Financial Review
Income for the year amounted to £42,500 (2021 £30,000) with expenditure amounting to £51,533 (2021 £48,701) leaving a deficit of £9,033 (2021 deficit £18,701).
Principal funding sources for the Charity are charitable donations from the Settlor.
The Trustees have considered the Charity Commission's Guidance Note (CC19). The Trustees policy is to ensure that sufficient reserves are held to meet the objectives of the Charity.
General funds at 5 April 2022 stood at £18,572 (2021 £27,605).
Accounts and Trustees statement
The Trustees are required to prepare a statement of accounts for each financial year.
The Trustees may, in respect of any accounting year, elect under s133 Charities Act 2011 to prepare - (a) a receipts and payments account, and (b) a statement of assets and liabilities, instead of a statement of accounts under section 132 (1) Charities Act 2011 if gross income in any financial year does not exceed £250,000.
The Trustees are responsible for ensuring proper accounting records are maintained which disclose with reasonable accuracy at any time the financial position of the Charity. They are also responsible for safeguarding the assets of the Charity and for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees have confirmed that an independent examination is required under section 145 Charities Act 2011.
DECLARATION
The Trustees declare that they have approved the trustees' report above
Signed R Mischeff Trustee
Dated 01 February 2023
Page 3
THE ROBIN MISCHEFF CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF
THE ROBIN MISCHEFF CHARITABLE TRUST
I report on the accounts of the charity for the year ended 5 April 2022 which are set out on pages 5 to 7.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The charity's trustees are responsible for the preparation of the accounts.
The charity’s trustees consider that an audit is not required for this period under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the Charities Act;
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to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act; and
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to state whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINER'S REPORT
My examination was carried out in accordance with general Directions given by the Charity Commission. 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 the 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.
INDEPENDENT EXAMINER'S STATEMENT
In connection with my examination, no matter has come to my attention:
-
1 which gives me reasonable cause to believe that in any material respect the requirements
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to keep accounting records in accordance with section 130 of the Charities Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
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.
Alison Whalley FCA
Naylor Wintersgill Limited Chartered Accountants Carlton House Grammar School Street Bradford BD1 4NS
Dated 01 February 2023
Page 4
THE ROBIN MISCHEFF CHARITABLE TRUST
RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 5 APRIL 2022
| Note RECEIPTS Generated Funds Disposal of land PAYMENTS Direct Charitable Expenditure 2 NET OF RECEIPTS/(PAYMENTS) NET MOVEMENT IN FUNDS Balances brought forward at 6 April 2021 Balances carried forward at 5 April 2022 |
Unrestricted Funds £ - 42,500 42,500 51,533 51,533 (9,033) (9,033) 27,605 18,572 |
5 April 2022 Total Funds £ - 42,500 42,500 51,533 51,533 (9,033) (9,033) 27,605 18,572 |
5 April 2021Total Unrestricted funds £ 30,000 - |
|---|---|---|---|
| 30,000 | |||
| 48,701 | |||
| 48,701 | |||
| (18,701) | |||
| (18,701) 46,306 |
|||
| 27,605 |
Page 5
THE ROBIN MISCHEFF CHARITABLE TRUST
STATEMENT OF ASSETS AND LIABILITIES AT 5 APRIL 2022
| Note FIXED ASSETS Land 3 CURRENT ASSETS Cash at Bank and in Hand NET CURRENT ASSETS NET ASSETS RESERVES General Reserve Fund Designated Funds Carried forward |
Unrestricted Funds £ 77,690 18,572 18,572 18,572 96,262 18,572 77,690 96,262 |
5 April 2022 Total Funds £ 77,690 18,572 18,572 18,572 96,262 18,572 77,690 96,262 |
5 April 2021 Unrestricted Funds £ 120,190 |
|
|---|---|---|---|---|
27,605 |
||||
| 27,605 | ||||
| 27,605 | ||||
| 147,795 | ||||
| 27,605 120,190 |
||||
| 147,795 |
These Financial Statements were approved by the Trustees on 3 February 2023 and signed on their behalf by:
Page 6
THE ROBIN MISCHEFF CHARITABLE TRUST
NOTES TO THE ACCOUNTS
1. STATEMENT OF ACCOUNTING POLICIES
The following are the more important Accounting Policies adopted by the Charity:
a) BASIS OF PREPARATION
The Financial Statements have been prepared on a receipts and payments basis as permitted under section 133 of the Charities Act 2011.
b) INCOME
Income from donations and gifts is brought into account only when the income is actually received.
c) EXPENDITURE
Expenses of the Charity are accounted for when the payment is actually paid.
2. RESOURCES EXPENDED
| Direct Charitable Expenditure: Donations to other charities Donations in accordance with the objects of the charity Tree surgeon Accountancy charges Legal and professional Insurance and bank charges 3. ASSETS Land at Truro, Cornwall |
Unrestricted Funds £ 540 9,368 345 51,533 At 5.4.21 120,190 28,980 9,000 3,300 |
Disposal 42,500 |
Total Funds £ 540 9,368 345 48,233 At 5.4.22 77,690 28,980 9,000 - |
2021 Unrestricted Funds £ 540 4,522 357 30,580 12,702 - |
|
|---|---|---|---|---|---|
| 48,701 | |||||
Page 7