THE ROBIN MISCHEFF CHARITABLE TRUST REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS For the year ended 5 April 2024 Charity Registration Number 1143219 THE ROBIN MISCHEFF CHARITABLE TRUST CONTENTS OF FINANCIAL STATEMENTS Page Charity Information Trustees Repo)rt Independent Examiners Report Receipts and Payments Account statement of Assets and Liabililies Notes to the Accounts 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 (Resigned 311121241 Robert Solyom IResigned 311121241 Selma Naroa-Ruiz (Appointed 29102120241 CHAIRMAN AND SETTLOR Robin Mischeff PRINCIPAL ADDRESS 6 Amherst Road Hastings TN34 1TT REGISTERED OFFICE 6 Amherst Road Hastings TN34 1TT INDEPENDENT EXAMINER Alison Whalley FCA Azets Audit Services Ltd Chartered Accountants Carlton House Grammar School Street BRADFORD BD14NS BANKERS C Hoare & Co 37 Fleet Street London EC4P 4DQ LEGAL ADVISORS Forsters LLP 22 Baker Street London W1U 3BW Page 1 THE ROBIN MISCHEFF CHARITABLE TRUST REPORT OF THE TRUSTEES The Trustees present their Report lor the year ended 5 April 2024 Trustees The Trustees who served during the period were:_ Robin Mischeff Trevor Davies Dimiter Mirtchev Kelly Noel-smith Robert Solyom Selma Nazoa Ruiz (Appoinled 29 February 2024) structure, Governance and Management The Charity was formed on 16 May 2011 by a Declaratson of Trust made by th& 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 lo legal and administrative affairs of the Charity, to review and set policy. The Settloi holds the power of appointing and removing tr￿steeS during his life. Subject to this, thè Trustees hold the powei af appointing and removing trustees, Objectlves and Activities The objects of the Charity are for such exclusively charitable purposes as the Trustees shall from time to time IN their absolule 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 Pltblic and in particular in furtherance of the following objects (the Objects I: (a) The prevention or reli2f of povety. {b) The advancement of education., Ic) The advancement of the arts, culture, heritage or science., Idl The adv2ncemer)t of environmental protection or improvement., (el The relief of those in need, by reason of youth, age, ill health, disability, fir)ancial hardship or other disadvantage., and (D The advancement of animal welfare. The Trustees must tjse the income and may use the capital of Ihe Charity in promoting the Objects. The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities Ihe 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 Trustees draw attention to Note 4 in the accounts and confirm the remedial action has been taken afler the year end. The Charity plans to continue and expand the activities outliried above in forthcoming years. Page 2 THE ROBIN IJIISCHEFF CHARITABLE fRUST REPORT OF THE TRUSTEES Achlovem8Mts and Perfornian¢o The Trustees have sufficient funds which have enabled them to moke grants and whieh also provlde a strong platform for futuro gr8nl aid. As noted in last years Accounts Sale of Land was completed wth a sEzeable surplus over BalanGg Sheet value. Flnanclal Revlew Income for thè y6aY £mounled lo £13B,89212023 £30,079) wilh exp8ndllure amountlng to £21.06412023 £27.578) leaving 8 nel income of £117,82812023 net Income £2,501). Principal fundlng sour￿9 for the Charity arg ¢haTltsble dOna￿on$ from the Seltlor. Th8 Trustees have conslderod thè Charity Commlsslon's Guidance Note ICC191. The Tnjslees poliw is to ensure Ihal 5ufflcient resèrvès are held to meet the oblectlves of the Charlty. Gèneral fvnds 8t 5 Aprll 2(Y24 stood al £138.901 (2023 £21.0731. Designated funds al 5 April 2024 Stood al £304,56212023 £77.690). unts and Trustees statement Thg Trustees arg requ1r￿ to prspare a slat8m8nt of accounts for each financial year. The Trustees may, In respect of any 8¢counting year, BIECI under sfj33 Charilies Act 2011 to prepare - (al a re¢elpts and paymgnts account, and Ib} a slatem8nl of assets ond liabilities, instead of a stBlernent of accounts under section 132 111 Charitiès Act 2011 if gross income in any finanolal year does not exceed £250.000. The Trust￿ arè responslbla for ensuriny propèr accounting records are malntained whlch disclose with reasonabl& accuracy 81 any time the finan¢l81 position of the Charily. They are also ¥esponsible for safeguarding the assets of the Charity and for tak¢ng reasonable steps for th8 prevention and dgleclion ol fraud and other Srregularili6s. The Trust888 havo Gonfimed that an indapendent examirlation Is roquired under secti¢)n 145 Charities Aot2011. DECLARATION Th6 Trustggs daclara that they have approved th8 twslees. report abova Slgned R Mi$cheff Truslea Dated 04 February 2025 P￿e3 THE ROBIN MISCHEFF CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TOTHE TRUSTEES OF THE ROBIN MISCHEFF CHARITABLE TRUST I report on the accounts ol the charity for the year ended 5 Ap￿1 2024 which are sel out on pages 5 to 7. RESPEcfivE RESPONSIBILITIES OF TRUSTEES AND EXAMINER The charity'5 trustees are responsible for the preparation of the accounts in accordance wlth the requiremn81s of the Charitytes Act 2011. The chaiily's trustees consider Ihal an audit is no( required for this period under section 144 of the Charities Act 2011 Ilhe Charities Adl and that an independent exatninalion is needed. 11 is mv r8sponsibilily to.. examine the accounts under section 145 of the Charities Act; to lollow the Pfoeedures laid down in the General Directions given by the Charity Commission (under seclion 14515)Ibl of the Charili¢s Act", arld to state whether partiGular mattèrs have Come to my allenlion. INDEPENDENT EXAMINER'S REPORT- MATTER OF CONCERN IDENTIFIED My examination was CgTiied out in accordance with general Directions given by the Charity Commission. An exarninalion includes a review of tho 8¢¢ounllng records kept by the charity and a comparison (rf Ihe accounts presented with those re¢ords. 11 also include5 consideration of any Linusual items or disclosuTes in the accounts and seeklng explanations from you as trustees concerning any such mallers. The procedures undertaken do not provide all th8 8vidence that would be required in an audit. and consequently rio opinion is given as to whether the acc(>unts present a 'lrue and faiff view and the report is limited lo those matters sel out in the stat8ment tielow. I have included a matter of concern in my report following the tru5tèes' disclosure in the Notes to the accounts regarding dislribulions made by the charity which were outside the scope of the chaiity's objects. Remedial action has been undertaken after the year end. which includes financial compensation to the chglily and a review of Ihe piocesses. INDEPENDENT EXAWtINER'S STATEMENT I confirm Ihal no other matters havts Come to my attention that giving me cause lo believe that in any material Tespect.. 1. accounting records were not kept in respecl of the Trust as required by section 130 of the Act-, or 2. the accounts do not accord with those records.. or 3. the aocounls do nol comply wilh the appllcable requirements conc8rning the form and content of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 Other than any requirement that the accounts give a 'true and f31f vlew which is not a ma118r considered as part of an independent examination. I confirm that there 8re no other matters lo whiGh your altention should be drawn to enable a proper unde15tanding acctrumts to be reached. Allson Whalley FCA Azets Audit Services Ltd Charte￿d Accountants Carlton Houso Grammar School Street Bradlord BD14NS Dated 04 Februarv 2025 Page 4 THE ROBIN MISCHEFF CHARITABLE TRUST RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 5 APRIL 2024 Unrestrlctod 5 Aprll 2024 Total S April 2023 Total Unre8tricted funds Fund8 Funds Note RECEIPTS Generated Funds Disposal of land 1,556 137,336 1,556 137,336 30.079 138.892 138.892 30,079 PAYMENTS DireGt Charitable Expenditure 21,064 21,064 27.578 21,064 21,064 27,578 NET OF RECEIPTSI{PAYMENTSI 117.828 117,828 2,501 NET MOVEPJEENT IN FUNDS 117,828 117,828 2,501 Balances brought forward at 6 April 2023 Balances carried forwaTd 21,073 21,073 18,572 al 5 April 2024 138,901 138,901 21,073 Page 5 THE ROBIN MISCHEFF CHARffA8LE TRUST STATEMENT OFASSETS AND LIABILITIES AT 5 APRIL 2024 5 Aplll 2024 Total 6 Aprll 2123 Unr061rl£t4d Funds Unrosldthd Futtds Nots FIXED ASSETS Lond CURREhlT ASSETS Oeblors Cath at Bonk and In Hand 304.562 138,9D1 138,901 21,073 443,463 138,901 21,073 NET CURRENT ASSETS 443,463 138.901 21.073 NET ASSETS 443,463 138.901 98,763 RESERVES Genèra R68eNe Fund 138.9L11 304,562 138.901 21.073 08slgn8ted Funds 304.562 77,69D CdFrfed foTward 443,463 443,463 98,763 Th8s8 Flnanckgl Slat8ment5 Were opproved bylh9 Ttustsos on 4 Febru8ry2025 and svJn8d ¢n tt)dr bahalf by.. D Mlrtchov R Mischeff S N8roa-Ruiz TDavl88 Trn8ta8S TTts8tses Pag8 6 THE ROBIN MISCHEFF CHARITABLE TRUST NOTES TO THE ACCOUNTS STATEMENT OF A¢COUNTING POLICIES The following are the MO￿ important Accounting Policies adopted by the Gharity.. al BASIS OF PREPARATION The Flnancial Stalemenls hav8 been P￿Pared on a receipts end payments bBsi$ as ￿[mItted under Section 133 of the Charities Act 2011. bl INCOME Income Irom donations and g￿[15 is brought into account only when the in¢ome 18 actually re¢eiv8d. CI EXPENDITURE Expense$ ol the Charity are accounled for wh8n the paymÈnt is aclu811y paid. RESOURCES EXPENDED Unrestrlctod Funds Total Funds 2023 Unts8trl¢ted Fund5 Dlrect Chgritable Expondlture: Donation$ to other charities Donations in ac¢ordanc& with the objects ol th8 cha￿ty Tree 8urgeon Accountancy charges Legal and professional 5nsurance and bank charges Donations made outside of Ihè scope uf the charily 5.000 5,000 7,000 8.020 8,02Q 12,800 3,492 540 3,389 357 600 1.080 364 6DO 1,080 364 6,000 21,064 15,064 27,578 ASSETS At 5.4.23 Disposal Increase A15.4.24 Land atTwro. CornwaS1 Out of Scope ProvisiDn 77,690 77,690 304,562 304,562 304,562 304,562 77.690 77.69D POST BALANCE SHEET EVENTS The Truste8s berame awgre in late 2024 that significant disliibulions haé been rnade from the trust without all trusle8s having approved. These grant payments w818. foi the most part, to charitabl8 orgaiiisalion5 and all werè made in good faith. The Trustee5 tevipwed all grant payment8 made 5in¢e the inteplion of the Ghallty. This shi)wÈd that £272,245 of gran15 Tmade were outside the scope of the Charilys objec18, of which £6,000 were made within IhÈ year of these Account5. The Selllor imm&diately ariangad fundino to compen8ate the Charity for all notFratifiÈd distiibulions, with interest.. a tot81 af £304,562 was contributed by 31st January 2025 (£272,245 principal plus inlerestl. The trustees have taken legal advice to forrnalise their grant-making policy and are undertaking third party iraining lo irnprove g0V8rllan￿ and tD ensur8 future full compliance. The Charity Commission wa5 advised of the incidents and the remedial action in a special report subrnitt8d on 4th February 2Q25. Page 7