THE NETHERMOOR SPORTS DEVELOPMENT CIO
Charity Number 1184827
CIO First Registered 8[th] August 2019
Trustees Annual Report 2020
Trustees’ Annual Report for the period
From 8[th] August 2019 Period start date To 31[st] December 2020 Period end date
Charity name: THE NETHERMOOR SPORTS DEVELOPMENT CIO
Charity registration number: 1184827
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document. |
Para 1.17 | The purpose of the CIO is to issue grants to organisations in support of amateur hockey and cricket in the North East Derbyshire area. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
The purpose of the CIO cannot be fulfilled until it realises assets (former cricket and hockey sports ground), which it intends to sell. This cannot be achieved for some years, but the Trustees are using their best endeavours to fulfil that requirement. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity |
Para 1.18 | In endeavouring to sell disposable assets the Trustees have, at all times, taken into consideration the requirements of the Charity Commission and are fully aware |
| Commission on public benefit. |
that assets must be used for the public benefit. |
|
|---|---|---|
Additional information
| Additional information | ||
|---|---|---|
| SORP reference | ||
| Policy on Grant Making | Para 1.38 | On the 8thAugust 2019 the Trustees adopted a Grant Making Policy prepared by Lupton Fawcett LLP. |
| Policy on social investment including program related investment |
Para 1.38 | |
| Contribution made by volunteers |
Para 1.38 | |
| Other |
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | The Trustees have carefully considered how to convert their asset, a 6.4 acre former cricket and hockey sports ground, into cash. Having considered the size, location, access and environment the Trustees have concluded that reaching an agreement with an adjacent local landowner on the long-term sale of the property is the best option. To that end we have entered into a legal agreement which commits the local landowner to pay instalments to the CIO, as plots of land are developed and sold, over a period of time, up to a maximum period of ten years. This (inter-alia) is totally dependent upon the landowner securing Planning Permission. Over the last 30 years, the various Trustees have taken legal advice and pursued legal clarification which has built |
up a legal debt to solicitors and accountants. This debt has been partly settled by Trustee loans. These debts and loans must be cleared before the main purposes of the charity can be fulfilled. As part of the legal agreement the local landowner has released £5000.00 to the Trustees. The Trustees have allocated this sum to Messrs. BRM Solicitors Chesterfield as part payment of the outstanding legal debt.
Additional information
| Additional information | ||
|---|---|---|
| Achievements against objectives set |
Para 1.41 | The Trustees have achieved the objective of reaching a legal agreement with a potential purchaser of the land, which would provide funds to the Charity. Progress on this will be determined by the achievement of Planning Permission by the purchaser. |
| Performance of fundraising activities against objectives set |
Para 1.41 | The Trustees obtained the first payment under the legal agreement. Part of the legal debt has been repaid. |
| Investment performance against objectives |
Para 1.41 | No monies were invested. |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period. |
Para 1.21 | The financial position is that the Charity expects to receive monies over a period of time not exceeding 10 years. Thus far the charity has received one payment that has been used to part pay outstanding legal fees. . |
| Statement explaining the policy for holding reserves stating why they are held. |
Para 1.22 | The land held in trust by the Trustees is subject to a legal mortgage. This is currently the only asset. |
| Amount of reserves held. | Para 1.22 | Zero. |
| Reasons for holding zero reserves. |
Para 1.22 | Until monies are released under the mortgage agreement no monies will be available. |
| Details of fund materially in deficit. |
Para 1.24 | The Trustees liabilities are outstanding legal fees built up over some 30 years, and Trustees loans which have paid for accountancy fees and legal fees associated with achieving charitable status. |
| Explanation of any uncertainties about the charity continuing as a going concern. |
Para 1.23 | The Trustees fervently hope to make a success of this Charity but much depends on their ability to monetise the Trust’s only asset, which is the sale of the former sports ground. |
Additional information
| Additional information | ||
|---|---|---|
| The charity’s principal sources of funds (including any fundraising). |
Para 1.47 | The Charity’s only source of funding will be derived from the sale of the former sports ground and subsequent investment with a fund manager. |
| Investment policy and objectives including any social investment policy adopted. |
Para 1.46 | |
A description of the principal risks facing the charity Other
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type ofgoverningdocument | Para 1.25 | Trust Deed |
| How is the charity constituted? |
Para 1.25 | Charitable Incorporated Organisation (CIO) |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees. |
Para 1.25 | The Trustees appoint trustees having regard to the skills, knowledge and experience needed for the effective administration of the CIO. |
Additional information
| Additional information | ||
|---|---|---|
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | Trustees attendance at BHP Trustee Training Seminar |
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | |
| Other |
Reference and Administrative details
| Charity name | THE NETHERMOOR SPORTS DEVELOPMENT CIO |
|---|---|
| Other name the charity uses | Not applicable |
| Registered charitynumber | 1184827 |
Charity’s principal address 24 Somersall Lane, Chesterfield, Derbyshire, S40 3LA
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole **year ** |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| GaryAnderson McCormick | Trustee | G.A. McCormick | ||
| Robert GregAnderson | Trustee | R.G. Anderson | ||
| Simon Leigh Davidson | Trustee | S.L. Davidson | ||
| Andrew William Miles | Trustee | A.W. Miles | ||
– Corporate trustees names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
| Trustee name | Dates acted if not for whole year | |
|---|---|---|
| Gary Anderson McCormick | ||
| Andrew William Miles | ||
| Robert Greg Anderson | ||
| Simon Leigh Davidson | ||
Funds held as custodian trustees on behalf of others
Description of the assets None held in this capacity Name and objects of the None charity on whose behalf the assets are held and how this falls within the custodian charity’s objects
Details of arrangements for Not applicable safe custody and segregation of such assets from the charity’s own assets
Additional information
Names and addresses of advisers
| Additional information Names and addresses of advisers |
Additional information Names and addresses of advisers |
Additional information Names and addresses of advisers |
|---|---|---|
| Type of adviser Name Address |
||
| Legal | BRM Solicitors | Gray Court, 99Saltergate, Chesterfield, S40 1LD |
| Legal | Lupton Fawcett LLP | Stamford House, Piccadilly, York, YO1 9PP |
| Accountant | Barber Harrison & Platt | 2 Rutland Park, Sheffield, S10 2PD |
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
| Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date |
||
|---|---|---|
| Gary Anderson McCormick Robert Greg Anderson Simon Leigh Davidson Andrew William Miles |
||
Trustees |
||
| 22ndJanuary 2021 | ||
| 22ndJanuary 2021 |
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The Nethermoor Sports Development CIO No 1184827
Receipts and payments accounts CC16a
For the period Period start date Period end date
To
from 08/08/2019 31/12/2020
Section A Receipts and payments
Unrestricted Restricted Endowment
Total funds Last year
funds funds funds
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
Donation from WHP Ltd. 5,000 - - 5,000 -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total (Gross income for
AR) [ 5,000 ] - - 5,000 -
A2 Asset and investment sales,
(see table).
- - -
- - - - -
Sub total - - - - -
Total receipts 5,000 - - 5,000 -
A3 Payments
Professional fees - - - -
BRM Solicitors 6,019 - - 6,019 -
BHP Accountants 3,750 - - 3,750 -
Lupton Fawcett Charity Advisors 3,628 - - 3,628 -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total [ 13,397 ] - - 13,397 -
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total [ - ] - - - -
Total payments 13,397 - - 13,397 -
Net of receipts/(payments) - 8,397 - - - 8,397 -
A5 Transfers between funds - - - - -
A6 Cash funds last year end - - - - -
Cash funds this year end - 8,397 - - - 8,397 -
----- End of picture text -----
CCXX R1 accounts (SS)
30/04/2021
1
| Section B Statement of assets and liabilities at | Section B Statement of assets and liabilities at | the end of the period | |
|---|---|---|---|
| Categories Signed by one or two trustees on behalf of all the trustees B1 Cash funds B2 Other monetary assets B4 Assets retained for the charity’s own use B5 Liabilities B3 Investment assets |
Signature Loan liability to Trustees Details Details Details Details Total cash funds (agree balances with receipts and payments account(s)) Details |
Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - Agreement Error OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) Unrestricted 8,397 - - - - Print Name GARY MCCORMICK |
Endowment funds to nearest £ - - - |
| - | |||
| OK | |||
| Endowment funds to nearest £ - - - - - - Current value (optional) - - - - - Current value (optional) - - - - - - - - - When due (optional) On sale of land Date of approval 23-Apr-21 |
CCXX R2 accounts (SS)
30/04/2021
2