## 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
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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|| **----- Start of picture text -----**
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