2024-12-31-accounts

Trustees’ Annual Report for the period

From 1[st] January 2024 Period start date To 31[st] December 2024 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	N/A
Contribution made by volunteers	Para 1.38	N/A

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	Initial Planning Permission application has been refused. The potential buyer did not pursue a revised Planning Application and the time limit on the agreement expired. The legal agreement was terminated. The Trustees have entered into an agreement with a local Land Agent who is actively looking for potential buyers of the 6.4 acre site.
Performance of fundraising activities against objectives set	Para 1.41	The Trustees obtained a 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 has received one payment that has been used to part pay outstanding legal fees. Outstanding loans and deferred payments still remain until the land is sold.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	The land is held in trust by the Trustees. This is currently the only asset.
Amount of reserves held	Para 1.22	Nil.
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	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	The viability of the Charity is dependant upon any potential developer gaining Planning Permission.
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 a replacement Trustee, 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(if any)
	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 Not Applicable 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
	09/06/2025
	09/06/2025

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