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Charity number: 1188562
MILLIMETRES 2 MOUNTAINS FOUNDATION CIO
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2020
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MILLIMETRES 2 MOUNTAINS FOUNDATION CIO
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the Charity, its Trustees and advisers | 1 |
| Trustees' report | 2 - 4 |
| Independent examiner's report | 5 - 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Notes to the financial statements | 9 - 13 |
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MILLIMETRES 2 MOUNTAINS FOUNDATION CIO
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE PERIOD ENDED 31 DECEMBER 2020
| Trustees | Edward Jackson (appointed 16 March 2020) |
|---|---|
| Simon Halliday (appointed 19 March 2020) | |
| Freya Dawson (appointed 13 March 2020) | |
| Andrew Craig Summers (appointed 19 May 2020) | |
| Oliver Barkley (appointed 19 March 2020) | |
| Euan Craig (appointed 4 June 2020) | |
| Charity registered number 1188562 Principal office White Lias Loves Hill Timsbury Bath BA2 0EU Independent Examiner Crowe U.K. LLP Chartered Accountants Fourth Floor St James House St James Square Cheltenham GL50 3PR |
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MILLIMETRES 2 MOUNTAINS FOUNDATION CIO
TRUSTEES' REPORT FOR THE PERIOD ENDED 31 DECEMBER 2020
The Trustees present their annual report together with the financial statements of the Charity for the period 16 March 2020 to 31 December 2020. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charity's Governing Document, the Charity's Act 2011 and the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102).
Objectives and activities
a. Main activities undertaken to further the Charity's purposes for the public benefit
The charity was established after Ed Jackson, a former professional rugby player sustained a spinal cord injury diving into a pool in April 2017. After being told he would never walk again, through sheer determination and hours of rehabilitation his body slowly started returning to him. He started climbing mountains to raise money for the charities that had helped him but soon realised that the power in healing was on these adventures. Every year we take beneficiaries facing mental health struggles because of adversity on challenges across the globe. These trips act as the catalyst for change after which we offer on-going support in the form of grants towards life coaching, therapy, career grants and much more to ensure the individual can take steps towards a brighter future.
The objects of the CIO are:
(1) To relieve the needs of those who have suffered or are suffering from mental or physical illness or disability by providing grant funding to enable them to partake in outdoor challenges and trips which assist their recovery; and
(2) To advance such charitable purposes (according to the law of England and Wales) as the charity trustees see fit from time to time.
Achievements and performance
a. Main achievements of the Charity
During the year, the Trustees made 1 grant totalling £11,180, to Wings For Life.
As this was the first year of operation and due to the impact of Covid-19 hitting just as we had official status from the Charity Commission, we decided to adapt our programme slightly and focus on it being a fundraising year, as a lot of our trips abroad were unable to happen.
Our first fundraiser was a walk in the UK called Walk The Spine which we did in partnership with the charity Wings For Life who focus on research to find a cure for Spinal Cord Injuries. This is a very credible charity who share our passion for helping those in the spinal cord injury community and therefore the Trustees deemed this to align with the charity's objectives.
We raised over £20,000 through posting video blogs and photos about the walk on social media and kind supporters donating through Just Giving. We were also encouraging people at home to get outside and do their own walks with us, promoting them to set up their own Just Giving pages.
We also ran our first abroad hikes as fundraisers in September 2020 both to the Gran Paradiso National Park.
The charity's focus was to launch our beneficiary programme in 2021.
The Trustees confirm that they have complied with their duty in section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission for England and Wales.
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MILLIMETRES 2 MOUNTAINS FOUNDATION CIO
TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2020
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future.
The Trustees are aware of the impact of COVID-19. Trustees will only make grants to the level of available funds and for this reason, they continue to adopt the going concern basis in preparing the financial statements.
Further details regarding the adoption of the going concern basis can be found in the accounting policies.
b. Reserves policy
This is the first year of operations and the Charity is still assessing its operational needs, therefore has not yet set its reserves policy. The policy will be reviewed and considered in the following year.
The charity held reserves at 31 December of £24,888, with all reserves being unrestricted.
c. Income
Total income for the period amounted to £41,350. All income was generated through our Walk The Spine event and our two climb fundraisers in Gran Paradiso in September 2020. We also had a few fundraisers set up their own private challenges to support the Charity.
Structure, governance and management
a. Constitution
Millimetres 2 Mountains Foundation CIO is a registered charity, number 1188562, and is constituted under its Governing Document.
b. Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of its Governing Document. New Trustees are briefed by continuing Trustees regarding the history and objectives of the Charity.
c. Organisational structure and decision-making policies
The Trustees meet 4 times a year to consider grant applications and conduct any other business. On occasion decisions are made following telephone meetings.
d. Financial risk management
The Trustees have considered the risks to which the Charity and consider that the procedures in force are sufficient to manage the foreseeable risks. In considering the Charity's activities, the Trustees have had regard to the Charity Commission's guidance on public benefit.
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MILLIMETRES 2 MOUNTAINS FOUNDATION CIO
TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2020
Plans for future periods
The Charity intends to continue to make grants in line with its objectives.
Statement of Trustees' responsibilities
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial period which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles of the Charities SORP (FRS 102);
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make judgments and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
Edward Jackson Trustee Date: ����������
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MILLIMETRES 2 MOUNTAINS FOUNDATION CIO
INDEPENDENT EXAMINER'S REPORT FOR THE PERIOD ENDED 31 DECEMBER 2020
Independent Examiner's Report to the Trustees of Millimetres 2 Mountains Foundation CIO ('the Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the period ended 31 December 2020.
Responsibilities and Basis of Report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
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 the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiner's Statement
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true 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 connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
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MILLIMETRES 2 MOUNTAINS FOUNDATION CIO
INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2020
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed:
Dated: 9 February 2022
Guy Biggin FCCA Crowe U.K. LLP Chartered Accountants Fourth Floor St James House St James Square Cheltenham GL50 3PR
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MILLIMETRES 2 MOUNTAINS FOUNDATION CIO
STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 DECEMBER 2020
| Note Income from: Donations and legacies 3 Total income Expenditure on: Raising funds 4 Charitable activities 6 Total expenditure Net movement in funds Reconciliation of funds: 12 Net movement in funds Total funds carried forward |
Unrestricted funds 2020 £ 41,350 41,350 1,319 15,143 16,462 24,888 24,888 24,888 |
Total funds 2020 £ 41,350 |
|---|---|---|
| 41,350 | ||
| 1,319 15,143 |
||
| 16,462 | ||
| 24,888 | ||
| 24,888 | ||
| 24,888 |
The Statement of Financial Activities includes all gains and losses recognised in the period.
The notes on pages 9 to 13 form part of these financial statements.
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MILLIMETRES 2 MOUNTAINS FOUNDATION CIO
BALANCE SHEET AS AT 31 DECEMBER 2020
| Note Current assets Cash at bank and in hand Creditors: amounts falling due within one year 11 Net current assets Total assets less current liabilities Total net assets Charity funds Unrestricted funds 12 Total funds |
28,788 28,788 (3,900) |
2020 £ 24,888 |
|---|---|---|
| 24,888 | ||
| 24,888 | ||
| 24,888 | ||
| 24,888 |
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
Edward Jackson Trustee Date: ����������
The notes on pages 9 to 13 form part of these financial statements.
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MILLIMETRES 2 MOUNTAINS FOUNDATION CIO
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2020
1. General information
Millimetres 2 Mountains Foundation is registered in England and Wales as a charitable incorporated organisation (registered no. CE021136) and also with the Charity Commission (registered no. 1188562). The address of its registered office is White Lias, Loves Hill, Timsbury, Bath, BA2 0EU.
These are the first set of financial statements prepared by the charity and a short period has been presented, from the date of registration on 16 March 2020 up to 31 December 2020.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Millimetres 2 Mountains Foundation CIO meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future.
The Trustees are aware of the impact of COVID-19. Trustees will only make grants to the level of available funds and for this reason, they continue to adopt the going concern basis in preparing the financial statements.
2.3 Income
Donation income is recognised on receipt.
2.4 Expenditure
Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events, including platform costs associated with fundraising.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
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MILLIMETRES 2 MOUNTAINS FOUNDATION CIO
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2020
2. Accounting policies (continued)
2.4 Expenditure (continued)
Grants payable are charged in the period when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the period end are noted as a commitment, but not accrued as expenditure.
Governance costs are those incurred in connection with constitutional and statutory requirements of the Charity and are included within support costs.
All expenditure is inclusive of irrecoverable VAT.
2.5 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.6 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
2.7 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
2.8 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
3. Income from donations
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 2020 | 2020 | |
| £ | £ | |
| Donations | 41,350 | 41,350 |
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MILLIMETRES 2 MOUNTAINS FOUNDATION CIO
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2020
4. Expenditure on raising funds
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 2020 | 2020 | |
| £ | £ | |
| Costs of raising voluntary income | ||
| Internet giving platform costs | 108 | 108 |
5. Analysis of grants
| Grants to | Total | |
|---|---|---|
| Institutions | funds | |
| 2020 | 2020 | |
| £ | £ | |
| Grant expenditure | 11,180 | 11,180 |
One grant was paid during the period to Wings For Life. Please see the Trustees Report for further details.
6. Analysis of expenditure on charitable activities
Summary by fund type
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 2020 | 2020 | |
| £ | £ | |
| Charitable activities | 15,143 | 15,143 |
7. Analysis of expenditure by activities
| Grant | |||
|---|---|---|---|
| funding of | Support | Total | |
| activities | costs | funds | |
| 2020 | 2020 | 2020 | |
| £ | £ | £ | |
| Charitable activities | 11,180 | 3,963 | 15,143 |
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MILLIMETRES 2 MOUNTAINS FOUNDATION CIO
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2020
7. Analysis of expenditure by activities (continued)
Analysis of support costs
| Printing, Postage and Stationery Computer expenses Governance costs, independent examiner fees |
Activities 2020 £ 41 22 3,900 3,963 |
Total funds 2020 £ 41 22 3,900 |
|---|---|---|
| 3,963 |
8. Independent examiner's remuneration
| 2020 | |
|---|---|
| £ | |
| Fees payable to the Charity's independent examiner for the independent examination of | |
| the Charity's annual accounts | 1,750 |
| Fees payable to the Charity's independent examiner in respect of: | |
| Preparation of the financial statements | 1,500 |
9. Staff costs
The charity did not have any employees during the period.
10. Trustees' remuneration and expenses
During the period, no Trustees received any remuneration or other benefits.
During the period ended 31 December 2020, no Trustee expenses have been incurred.
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MILLIMETRES 2 MOUNTAINS FOUNDATION CIO
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2020
11. Creditors: Amounts falling due within one year
| Accruals 12. Statement of funds Statement of funds - current period Unrestricted funds General Funds 13. Analysis of net assets between funds Analysis of net assets between funds - current period |
Income £ 41,350 |
Expenditure £ (16,462) |
2020 £ 3,900 |
|---|---|---|---|
| Balance at 31 December 2020 £ 24,888 |
|||
| Unrestricted funds 2020 £ Current assets 28,788 Creditors due within one year (3,900) Total 24,888 |
Total funds 2020 £ 28,788 (3,900) |
|---|---|
| 24,888 |
14. Related party transactions
The Charity has not entered into any related party transaction during the period, nor are there any outstanding balances owing between related parties and the Charity at 31 December 2020.
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