Trustees’ Annual Report for the period
From 1[st] January 2021 Period start date To 31[st] December 2021 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 (redundant 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 Commission on public benefit |
Para 1.18 | In endeavouring to sell the sports ground the trustees have, at all times, taken into consideration the requirements and guidance issued by the Charity Commission. |
Additional information (optional) You may choose to include further statements where relevant about:
| SORP reference | ||
|---|---|---|
| Policy on grant making | Para 1.38 | The Trustees have 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 entered into a legal agreement, with an adjacent landowner, for the long-term sale of the 6.4 acre site. The sale commits the buyer to pay the CIO in instalments, as plots of land are developed and sold, over a period of time, up to a maximum period of ten years. This agreement is totally dependent on the buyer securing Planning Permission. Over the last thirty 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 Trustees loans. These loans must be cleared before the main purposes of the Charity can be fulfilled. |
| Additional information (optional) You may choose to include further statements |
where relevant about: | |
| Achievements against objectives set |
Para 1.41 | Achieved a legal sale agreement with a buyer. The buyer is preparing an application for Planning Permission. Long delays due to Covid-19 restrictions has seriously delayed the Planning Application. |
| 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 have been invested. |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The Charity expects to receive monies over a period of time, not exceeding ten 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 is held in trust by the Trustees and 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 agreement, no monies are available. |
| Details of fund materially in deficit |
Para 1.24 | The Trustees liabilities comprise, outstanding legal fees built up over some thirty years and Trustees loans which have paid for accountancy fees and 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 (optional) You may choose to include further statements |
where relevant about: | |
| 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 |
Para 1.46 | |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Trust deed |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | 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 (optional)
You may choose to include further statements where relevant about: Tendance at BHP
| 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 charity number | 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) |
|---|---|---|---|---|
| Gary Anderson McCormick |
Trustee | G.A.McCormick | ||
| Robert Greg Anderson |
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 | ||
| Robert Greg Anderson | ||
| Simon Leigh Davidson | ||
| Andrew William Miles | ||
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 (optional)
Names and addresses of advisers (Optional information)
| Names and addresses of advisers (Optional information) | Names and addresses of advisers (Optional information) | Names and addresses of advisers (Optional information) |
|---|---|---|
| Type of adviser Name Address |
||
| Legal | BRM Solicitors | Gray Court, 99 Saltergate, Chesterfield, S40 1LD |
| Legal | Lupton Fawcett LLP | Stamford House, Piccadillly, 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 |
||
| Nethermoor Sports | Development CIO | 1184827 | |||
|---|---|---|---|---|---|
| Receipts andpayments accounts | CC16a | ||||
| For the period from |
01/01/2021 Period start date |
To | 31/12/2021 Period end date |
| Section A Receipts and payments | Section A Receipts and payments | |||||
|---|---|---|---|---|---|---|
| A1 Receipts | Unrestricted funds to the nearest £ 6 - - - - - - - 6 - - - 6 - - - - - - - - - - - - - - 6 - - 6 |
Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Endowment funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Total funds to the nearest £ 6 - - - - - - - 6 - - - 6 - - - - - - - - - - - - - - 6 |
Last year to the nearest £ |
|
| 6 | 5,000 | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| Sub total(Gross income for AR) |
6 | 5,000 | ||||
| A2 Asset and investment sales, (see table). |
||||||
| - | ||||||
| - | - | |||||
| Sub total | - | - | ||||
| Total receipts A3 Payments |
||||||
| 5,000 | ||||||
| Professional fees | - | 13,397 | ||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| **Sub total ** | - | 13,397 | ||||
| A4 Asset and investment purchases, (see table) |
||||||
| - | ||||||
| - | ||||||
| **Sub total ** | - | - | ||||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
||||||
| 13,397 | ||||||
| 6 | - | - | 6 | - 8,397 | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| 6 | - | - | 6 | - 8,397 |
CCXX R1 accounts (SS)
16/08/2022
1
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 |
|||
| GARY McCORMICK | |||
CCXX R2 accounts (SS)
16/08/2022
2