**REGISTERED CHARITY NUMBER: 1162612**
Report of the Trustees and
Financial Statements
for the Year Ended 31 December 2020
for
The Don Miller Charitable Trust CIO
SKS Bailey Group Limited Suite 9 Normanby Gateway Scunthorpe North Lincolnshire DN15 9YG
## The Don Miller Charitable Trust CIO
Contents of the Financial Statements for the Year Ended 31 December 2020
|||Page||
|---|---|---|---|
|Report of the Trustees|1|to|2|
|Independent Examiner's Report||3||
|Statement of Financial Activities||4||
|Statement of Financial Position|5|to|6|
|Notes to the Financial Statements|7|to|11|
|Detailed Statement of Financial Activities||12||
## The Don Miller Charitable Trust CIO
## Report of the Trustees
## for the Year Ended 31 December 2020
The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Charitable aims and objectives**
The charity subsists for the benefit of the inhabitants of High Beech and the surrounding area through the provision of facilities for their recreation and good health.
## **Public benefit**
The trustees have had regard to the Charity Commission's guidance on public benefit.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Constitution**
The charity is controlled by its governing document and is incorporated as a charitable incorporated organisation.
## **Induction and training of new trustees**
New trustees are selected on their ability to improve the operation of the charity irrespective of their gender, age, religious or sexual orientation or background. New trustees are fully briefed on the charity's activities, constitution and management before being able to undertake their role.
## **Risk management**
The trustees seek to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against loss, misstatement, fraud or error.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Charity number**
1162612
## **Registered office**
Old Vineyard Beech Hill Park Pynest Green Lane Waltham Abbey Essex EN9 3QL
## **Trustees**
Mrs C Mead D Miller J Smith
Page 1
## The Don Miller Charitable Trust CIO
Report of the Trustees for the Year Ended 31 December 2020
## **REFERENCE AND ADMINISTRATIVE DETAILS Examiner**
Mr H N Sanderson FCIE Fellow - Association of Charity Independent Examiners SKS Bailey Group Limited Suite 9 Normanby Gateway Scunthorpe North Lincolnshire DN15 9YG
## **RESERVES POLICY**
The nature of the charity's activities is such that there are fluctuations in its income. The charity's Reserves Policy is to aim to achieve a position where a cash reserve amounting to no less than 6 months estimated total expenditure is held at each balance sheet date.
Approved by order of the board of trustees on 21 July 2021 and signed on its behalf by:
Mrs C Mead - Trustee
Page 2
## Independent Examiner's Report to the Trustees of The Don Miller Charitable Trust CIO
## **Independent examiner's report to the trustees of The Don Miller Charitable Trust CIO**
I report on the accounts for the year ended 31 December 2020.
## **Responsibilities and basis of report**
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the charities(Accounts & reports ) regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mr H N Sanderson FCIE Fellow - Association of Charity Independent Examiners SKS Bailey Group Limited Suite 9 Normanby Gateway Scunthorpe North Lincolnshire DN15 9YG
Date 21 July 2021
Page 3
## The Don Miller Charitable Trust CIO
Statement of Financial Activities for the Year Ended 31 December 2020
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Investment income
2
**Total**
**EXPENDITURE ON**
Raising funds
3
**Charitable activities**
Governance Costs
Sports & educational Facilities
**Total**
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|2020
Unrestricted
fund
£
5,419
34,237
39,656
19,794
1,352
86,602
107,748
(68,092)
2,351,386
2,283,294|2019
Total
funds
£
5,290
34,665
39,955
30,199
1,314
91,608
123,121
(83,166)
2,434,552
2,351,386|
|---|---|---|
The notes form part of these financial statements
Page 4
## The Don Miller Charitable Trust CIO
|**FIXED ASSETS**
Tangible assets
Investment property
**CURRENT ASSETS**
Debtors
Cash at bank
**CREDITORS**
Amounts falling due within one year
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
Unrestricted funds
**TOTAL FUNDS**|Statement of Financial Position
31 December 2020
Notes
6
7
8
9
10|2020
Unrestricted
fund
£
609,743
960,000
1,569,743
4,983
710,033
715,016
1,465
713,551
2,283,294
2,283,294
2,283,294
2,283,294|2019
Total
funds
£
609,743
960,000
1,569,743
4,328
783,267
787,595
(5,952)
781,643
2,351,386
2,351,386
2,351,386
2,351,386|
|---|---|---|---|
|||||
The notes form part of these financial statements
continued...
Page 5
## The Don Miller Charitable Trust CIO
Statement of Financial Position - continued 31 December 2020
The financial statements were approved by the Board of Trustees and authorised for issue on 21 July 2021 and were signed on its behalf by:
D Miller - Trustee
The notes form part of these financial statements
Page 6
Notes to the Financial Statements for the Year Ended 31 December 2020
## The Don Miller Charitable Trust CIO
## **1. ACCOUNTING POLICIES**
## **BASIS OF PREPARING THE FINANCIAL STATEMENTS**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## **INCOME**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably.
## **EXPENDITURE**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **TAXATION**
The charity is exempt from corporation tax on its charitable activities.
## **FUND ACCOUNTING**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS**
The CIO operates a defined contribution pension scheme. Contributions payable to the CIO's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
Page 7
## The Don Miller Charitable Trust CIO
## Notes to the Financial Statements - continued for the Year Ended 31 December 2020
## **2. INVESTMENT INCOME**
|Rents received
**3.**
**RAISING FUNDS**
**INVESTMENT MANAGEMENT COSTS**
Property repairs
**4.**
**TRUSTEES' REMUNERATION AND BENEFITS**
Trustees' salaries
Trustees' social security
Trustees' pension contributions to defined benefit schemes|2020
£
34,237
2020
£
19,794
2020
£
36,700
-
1,101
41,662|2019
£
34,665|
|---|---|---|
|||2019
£
30,199|
|||2019
£
37,200
936
1,054|
|||39,190|
Trustee's salaries & pension costs as noted above are shown for the purposes of informed disclosure, but relate to the duties of employment and not the duties as a Trustee.
## **TRUSTEES' EXPENSES**
There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019.
## **5. STAFF COSTS**
The average monthly number of employees during the year was as follows:
|Employees|2020
8|2019
11|
|---|---|---|
No employees received emoluments in excess of £60,000.
continued...
Page 8
## The Don Miller Charitable Trust CIO
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
## **6. TANGIBLE FIXED ASSETS**
|**COST**
At 1 January 2020 and 31 December 2020
**NET BOOK VALUE**
At 31 December 2020
At 31 December 2019|Freehold
property
£
609,743
609,743
609,743|
|---|---|
Freehold property has been included in the balance sheet at costs. Freehold property is made up of two material components: land and buildings. Land is not depreciated because it is not expected to wear out and its residual value is likely to be at least equal to its cost. However, land is tested for impairment at each balance sheet date, however, the trustees consider that no adjustment for impairment is required at 31 December 2020 plus improvements.
## **7. INVESTMENT PROPERTY**
|**FAIR VALUE**
At 1 January 2020
and 31 December 2020
**NET BOOK VALUE**
At 31 December 2020
At 31 December 2019|£
960,000
960,000
960,000|
|---|---|
Investment property has been included in the balance sheet at cost and comprises both land and buildings held by the charity to earn rental income and for capital appreciation. No depreciation has been charged on the Investment property as the trustees consider the c
## **8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Other debtors
Prepayments
**9.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Social security and other taxes
Other creditors
Accrued expenses|2020
£
3,571
1,412
4,983
2020
£
-
113
1,352
1,465|2019
£
1,569
2,759
4,328
2019
£
4,344
294
1,314
5,952|
|---|---|---|
continued...
Page 9
## The Don Miller Charitable Trust CIO
## Notes to the Financial Statements - continued for the Year Ended 31 December 2020
## **10. MOVEMENT IN FUNDS**
|At 1.1.20
£
**Unrestricted funds**
General fund
2,351,386
**TOTAL FUNDS**
2,351,386
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
39,656
**TOTAL FUNDS**
39,656
**Comparatives for movement in funds**
At 1.1.19
£
**Unrestricted funds**
General fund
2,434,552
**TOTAL FUNDS**
2,434,552
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
39,955
**TOTAL FUNDS**
39,955||Net
movement
in funds
£
(68,092)
(68,092)
Resources
expended
£
(107,748)
(107,748)
Net
movement
in funds
£
(83,166)
(83,166)
Resources
expended
£
(123,121)
(123,121)|At
31.12.20
£
2,283,294
2,283,294
Movement
in funds
£
(68,092)
(68,092)
At
31.12.19
£
2,351,386
2,351,386
Movement
in funds
£
(83,166)
(83,166)|
|---|---|---|---|
|||||
|||||
|||||
|||||
continued...
Page 10
## The Don Miller Charitable Trust CIO
## Notes to the Financial Statements - continued
for the Year Ended 31 December 2020
## **10. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.1.19
£
2,434,552
2,434,552|Net
movement
in funds
£
(151,258)
(151,258)|At
31.12.20
£
2,283,294|
|---|---|---|---|
||||2,283,294|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
79,611
79,611|Resources
Movement
expended
in funds
£
£
(230,869)
(151,258)
(235,918)
(156,307)|Resources
Movement
expended
in funds
£
£
(230,869)
(151,258)
(235,918)
(156,307)|
|---|---|---|---|
||||(156,307)|
## **11. RELATED PARTY DISCLOSURES**
A trustee owed £1,385 (2019-£1,052) by way of a loan at the balance sheet date. No interest is charged and no security is held.
Page 11
## The Don Miller Charitable Trust CIO
|
**INCOME AND ENDOWMENTS**
**Donations and legacies**
Gifts
**Investment income**
Rents received
**Total incoming resources**
**EXPENDITURE**
**Investment management costs**
Property repairs
**Charitable activities**
Trustees' salaries
Trustees' social security
Trustees' pension contributions
Wages
Rates and water
Light and heat
Telephone
Postage and stationery
Sundries
Motor expenses
Software subscriptions
**Support costs**
**Other**
Insurance
**Governance costs**
Accountancy and legal fees
Total resources expended
**Net expenditure**|Detailed Statement of Financial Activities
for the Year Ended 31 December 2020|2020
£
5,419
34,237
39,656
19,794
36,700
3,861
1,101
38,217
1,765
2,774
1,059
1,412
309
478
1,620
89,296
2,355
1,352
112,797
(73,141)|2019
£
5,290
34,665
39,955
30,199
37,200
936
1,054
39,710
2,150
2,354
1,676
1,325
58
934
1,892
89,289
2,319
1,314
123,121
(83,166)|
|---|---|---|---|
This page does not form part of the statutory financial statements
Page 12