# ## ## ## ||`Page`| |---|---| |`Trustees' annual report`|| |`Independent examiner's report to the trustees`|`6`| |`Receipts and payments account`|`7`| |`Statement of assets and liabilities`|`8`| |`Notes to the financial statements`|`9`| ## ## ## ## ## ## ## |`Leigh Howe`|`June`|`2028`| |---|---|---| |`Emma Coombes`|`July `|`2026`| |`Delia Cromey-Hawke`|`March `|`2029`| |`Richard Acreman`|`March `|`2029`| ## ## ## ## ## ## ## ## ## ## ## ## Tbe Miles and Hurman CIO ljjdependent Examiner's Report Year ended 30 June 2025 Endependent examiner's report to the trustees ofThe Miles and Hurman CIO I report to the trustees on my examination of the a¢counts of The Miles and Hurman CIO (the Charity) for the year ended 30 June 2025. Responsibilities and basis of report As the charity trustees of the Charity you are responsible for the preparation of the accounts in a¢¢ord2nce with the requiretnents of the Charities Act 2011 ('the Ael')- I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the appli¢able Directions given by the Charity Commission under section 145(5){b) of the Act. Independent examiner's statement I have completed my examination. l ¢onfirm that no material matters have come to my atteiition in connection with th¢ examination giving me cause to believe that in any material r¢spect'. a¢¢ounting records were not kept in respect of the Charity as required by section 130 of the Act- or the accounts do not accord with thos¢ re¢ords' or the a¢counts do not cotnply ivith tlie applicable requirements concerning the form and content of accounts set out in the Charili¢s (Ac¢ounts and Reports) Regulations 2008 other than any requirement that the ac¢oiints give a 'lrue and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in ¢onnection wilh ihe examination to wliich attention should be drawn in this r¢port in order to enable a proper understanding of the accounts to be reached. ockKL LIY Joshua Kingston, BS¢ FCA Burton Sw¢¢l Chartered Accountants The Clock Tower 5 Farleigli Court Old Weston Road Flax Bourton Bristol BS48 1 UR Date.. Apr 16 2026 THE MILES AND HURMAN CIO RECEIPTS AND PAYMENTS ACCOUNT YEAR ENDED 30JUNE 2025 Unrtstricted Funds Re$trl¢ted Funds Total Funds 2025 Total Funds 2024 Receipts Charitable activities Rent Wayleaves Investn)ents Div&dends Intercst 6,859 6,859 6,975 24,454 4.743 24,454 4.743 25.138 4.457 Total receipts 36,187 36.187 36.707 Payments Charitable activities Property maiiiteiiance Professional fees and insurance Adminislralion expenses Charity fann development All Saints Church Reserve Draw Down Commuiiity Reserve Draw Doivn Governance costs Independent examination 12 1,023 500 22,777 12 1.023 500 22,777 500 1,550 501 500 8,065 13,915 13,915 1,740 1,740 Total payments 39,967 39.967 Net receiptsl (payments) {3,7801 {3.780) 25,591 Transfers between funds 12,841) 2,841 Cash funds at start of year 97,813 7,455 105.268 79.677 C#sh funds at end of yt4r 91,192 10,296 101,488 105,268 TITL NIILE5 AND FILIRNIAN CIO STATEIVIEliT OF ASS8TS.IND LI,IJIILITIES ¥EIlR £￿DED 30 JU.WE 2025 h'ote 21J25 2024 Fixed a55e15 T￿L]ibIl fixLYi In¥'csini•iJ 596,722 X49,289 1,446.011 57S,50Q 889.859 1,468,359 A%$eis D¥b￿1rS 15,000 15,000 15,Of 15,0 Cash resents Shori-ierni investhien Cash at iwik and in hond 96,596 4.892 101.488 100,746 4.E22 105,268 Cr¢diior4'. amowjts f￿liTh8 due wiihin 19GQI 11,7401 Fund5 Unrc3irictcd funds RcsTridcd funds T•¢al t*sh rcscn'e5 97,813 7,433 105,?fiA 10,296 101.488 lThese fuwcial 5lat¢ments w¢r¢ Jpproved by th¢ frust￿$ on......... ...... . and are sign¢d on their khalf by.. R J A¢r¢man Trustc THE MILES AND HURMAN CIO NOTES TO TFIE FINANCIAL STATEMENTS YEAR ENDED 30JUNE 2025 11 Aeeounting Polieies Ta￿L￿ble Fixed A55ets Fixed assets are held at cosi less accumulated depreciation. Assets Costing less than £l.000 are not Capilalised. Depreciation is cal¢ulat¢d so 0$ to write off th¢ ¢ost of an asset, less its ¢srimated ultimat¢ residual value, over th¢ useful lif¢ of that asset as follows.. Land & Buildings (which include fami buildings) are valued ai cost and are not depreciated as the trustees maintain the buildings. Play Equipment, purchased during the year, is being d¢pre¢iaied at 20°h on the straight line method based on an estimated useful life of 5 years. Fund Accounting Unrestricted funds can be used in accordance with the charitable objects at the discretion of the trusiees. Restricted funds RestTI¢led funds Can only be used for particular restricted purposes ivithin the objects of the ¢harity. Restrictions can arise when specified by the donor or when funds are raised for pani¢ular resiricied purposes. Desi￿ated fund5 form part of unrestricted funds and liave been ideJitifie5 as be2ng for particular purposes by the trustees. They are not resiricied and ¢an be transferred to gen¢ral funds ai any time ai tlie discretion of the trustees. Pennanent endowment funds are resources received by the Charity that represent ¢apital. A feature of end0￿￿]ent funds is tliat charity law requires the trustees to invest or relain the funds for the charity's purposes. The terin endowment appli¢s io pemianent endowment, wher¢ th¢ trustees have no power to convert it into incom¢ and apply it. Further explatlation of the nawre and purpose of each fund is included in notes of the financial siaiements. THE MILES AND HURMAN CIO NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30JUNE 2025 2) Fixed asset$ LRnd & buildings Play Equipment Total Cost Opening balance Additions 578,500 578.SQO 22,777 22.777 Closing balance 578,500 22.777 601,277 D¢precl4tion Opening balanc¢ Charg¢ for the year 4,555 4.555 Closing balance 4,555 4.555 Net book value 578.500 18.222 596,722 10 THE MILES AND HURMAN CIO NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2025 31 Movement in funds Opening Balance5 GaiTLsI (1055e5} Closing BalaTLee5 Incorne Expenditure Transfers Restrieted funds Church fund 7.455 1,753 9.208 Unr¢stri¢ted funds General fund Coinmunity fund Churcli fund 96.779 1.034 36,187 (26,0521 (13.9151 {30,9001 20,600 8,547 11,7531 76.014 7,719 8.547 92.280 97.813 36,187 (39,9671 Tot91 cash funds 105,268 36.187 (39.9671 101,488 Endowment fullds PermaiieDt eiidowinent fund 1.483.358 (40,5691 1,442,789 Deseription and pllrpose of fund5 Permanent endowment fund The fund represents funds received a5 part of tlie Trust Fuiid froni The Miles and Hurfflan Ecclesiastical Charity and The Miles and Hurman Eleetnosynary Charity which are held as investment pennanent endowment (r¢ferred to the"Pernianently Endowed Funds") As al ihe year end th¢ fund is represeiited by Net book value of Cl￿rity'S land and buildings Fixed asset investments Debtor5 578,500 849,289 15,000 1,442.789 *Debtor represents the rei¢ntion of the bond in lieu of the Play Area upon sale of land in 21 April 2023. Churcli Fund As set out in tli¢ gov¢rning do¢umeni, this fi]nd represents onertliird of the n¢t income of generated from the Permanently Endowed Funds shall be used lo fund extraordinary repairs. improvement or eiilargernent of tlie fabric of the Cliurch of Ashcott All Saints (including the Churchyard). Community reserve This fund r¢pres¢nt5 two-thirds of net inconie generated from the Permanently Endowed Funds and fund5 which h?v¢ been set aside by the trustees to be used by the wider comniunity.