Trustees’ Annual Report for the period
From 01/04/2022 Period start date To 31/3/2023 Period end date
Charity name: Cannon Mill Trust CIO
Charity registration number: 1192473
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The objects of the CIO, which are to be carried out in chesterfield and the surrounding area, are: 1) the conservation and protection of the physical and natural environment for the public benefit through the promotion of re-use and recycling and by advancing public education in matters relating to re-use and recycling. 2) to act as a resource for young people up to the age of 30 by providing advice and assistance and organising programmes of physical, educational and other activities as a means of: a. advancing in life and helping young people by developing their skills, capacities and capabilities to enable them to participate in society as independent, mature and responsible individuals; b. advancing education; c. relieving unemployment; d. providing recreational and leisure time activity in the interests of social welfare with a view to improving their conditions of life. |
| 3) to advance education for the public benefit by providing support and activities which develop an individual’s capabilities, competences, skills and understanding. In furtherance of these objects but not otherwise, the trustees shall have power: a. to establish or secure the establishment of premises and to maintain or manage or cooperate with any statutory authority in the maintenance and management of such premises. b. to do other such legal activities as the trustees deem fit from time to time and which are in alignment with this constitution. |
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| 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 |
Over the 2022-23 year the Trustees identified a potential building for use and entered into lease negotiations with the building owner, on the basis that the CIO will be responsible for restoring the Grade II listed building, which is in a state of considerable disrepair. Trustees submitted a listed building application to the temporary replacement and stabilisation of the building’s roof, which had fallen in during winter storms. Trustees also purchased 2 mobile office units which can be used by tenant organisations during construction works to the listed building, allowing the CIO to deliver on its objectives sooner. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The Trustees confirm that they have had regard to the guidance issued by the Charity Commission on public benefit , where applicable, when carrying out their activities during the reporting period. |
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Additional information (optional)
You may choose to include further statements where relevant about:
SORP reference Cannon Mill Trust did not make any grants during the reporting period. Para 1.38 Policy on grant making Cannon Mill Trust did not have any social investment programs during the reporting period. Para 1.38 Policy on social investment including program related investment Cannon Mill Trust had three volunteers during the reporting period. All three of these were members of the trustee Para 1.38 board. More volunteers will be recruited Contribution made by in later years. volunteers N/A Other
Achievements and Performance
SORP reference Over the 2022-23 year the Trustees identified a potential building for use
| 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 | and entered into initial negotiations with the building owner. The property is a Grade II listed building of significant industrial importance in Chesterfield and is located near to excellent public transport services. This will provide both a positive location as well as a valuable community heritage link for the works undertaken by the CIO. The building is in a state of considerable disrepair and the Trustees consider that it will provide opportunities for engaging the local community on the history and heritage of the building and the local area. Additionally, work to restore the building would provide learning and skills opportunities for young people in the local area – which would align with the CIO’s objectives. During the period, the Trustees commissioned a consultant to survey the structure of the building identified. This survey helped to feed in to further plans for making the building secure. Additionally, a listed building application was submitted to Chesterfield Borough Council in support of a temporary repair to the roof, which had partially fallen in. Since the building is in a state of disrepair, Trustees authorised the purchase of two mobile office units which can be used as temporary space for tenant organisations during construction and renovation works. The purchase of these portable buildings also ensures that the CIO would be able to provide space for tenant organisations at a different location, should the building no longer be available to us. This purchase will allow the CIO to deliver on its objectives sooner. |
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During the period, Trustees also worked to attract more Trustees with a broad range of experience to help progress plans in the 2023/24 financial year.
Additional information (optional)
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You may choose to include further statements where relevant about:
N/A
Achievements against
objectives set Para 1.41
N/A
Performance of fundraising
activities against objectives
set Para 1.41
N/A
Investment performance
against objectives Para 1.41
N/A
Other
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Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The Trustees have reviewed the organisation’s financial position at the end of the reporting period. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The charity does not have a policy on holding reserves - this will be developed once the charity has secured a premises. |
| Amount of reserves held | Para 1.22 | N/A |
| Reasons for holding zero reserves |
Para 1.22 | N/A |
| Details of fund materially in deficit |
Para 1.24 | N/A |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | N/A |
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 did not raise any funds in the period. |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | N/A |
| A description of the principal risks facing the charity |
Para 1.46 | Principal risk: failure to secure a premises Mitigation: During the reporting period the Trustees entered into formal negotiations with a building owner with the intention of securing a lease. Additionally, during the reporting period the Trustees authorised thepurchase of |
portable buildings which can be used either at the new premises or on an alternative site, allowing the CIO to fulfil its purpose even if a building is not secured. N/A Other
Structure, Governance and Management
| Description of charity’s trusts: |
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|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Charity Commission’s Foundation CIO model constitution |
| How is the charity constituted? (e.g unincorporated association, CIO) |
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 organisation is currently a foundation CIO, with all formal members of the charity also acting as trustees. Hence there are no elections, but anyone can apply to join the board. Trustees may also co-opt people on to the board by asking them to apply. All applications will be assessed by the board & they may be accepted if it is considered conducive to the charitable objects & current strategy. |
Additional information (optional)
You may choose to include further statements where relevant about:
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | No new Trustees were identified during the reporting period. As a result, these will be developed in the next reporting period. |
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| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | During the reporting period the charity comprised a Chair, a Treasurer and a further trustee supervising our operations. |
| Relationshipwith any | N/A |
related parties Para 1.51 N/A Other
Reference and Administrative details
| Charity name | CANNON MILL TRUST CIO |
|---|---|
| Other name the charity uses | BED FACTORY CIO (Previous name) |
| Registered charity number | 1192473 |
| Charity’s principal address | C/O MONKEY PARK WORKS 128A CHESTER STREET CHESTERFIELD S40 1DN |
Names of the charity trustees who manage the charity
| 1 2 3 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (if any) |
|---|---|---|---|---|
| Simon Redding | Chairperson | - | - | |
| Emma Knight- Strong |
Treasurer | - | - | |
| Jonathan Symons | Operations Lead Trustee |
- | - |
Corporate trustees – names of the directors at the date the report was approved
Director name
None
Name of trustees holding title to property belonging to the charity
| Trustee name | Dates acted if not for whole year | |
|---|---|---|
| N/A | ||
Funds held as custodian trustees on behalf of others
| Description of the assets held in this capacity |
None |
|---|---|
| Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects |
N/A |
| Details of arrangements for safe custody and segregation of such assets from the charity’s own assets |
N/A |
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 |
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| VCS | Social Enterprise Exchange |
The Workstation, Paternoster Row, Sheffield S1 2BX | |
| Name of chief executive or names of senior staff members (Optional information) | |||
| N/A |
Exemptions from disclosure
Reason for non-disclosure of key personnel details
N/A
Other optional information
NIA
Declarations
The trustees declare that they have approved the trustees’ report above.
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Signed on behalf of the charity’s trustees
Signature(s)
Full name(s) Simon Redding
Position (eg Chairperson
Secretary, Chair, etc)
Date
24/1/2024
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| Charity Name Cannon Mill Trust CIO |
Charity Name Cannon Mill Trust CIO |
Charity Name Cannon Mill Trust CIO |
No (if any) 1192473 |
CC16a | |
|---|---|---|---|---|---|
| For the period from |
Period start date Apr-22 |
To | Period end date Mar-23 |
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| Section A Receipts and payments | |||||
| A1 Receipts Grant income - Rental income - - - - Sub total - Total receipts - A3 Payments Accounting 17 Consulting 825 - - Sub total 842 Purchase of assets - - Sub total - Total payments 842 Net of receipts/(payments) - 842 A5 Transfers between funds - A6 Cash funds last year end 3,000 Cash funds this year end 2,158 Unrestricted funds to the nearest £ Sub total(Gross income for AR) A2 Asset and investment sales, (see table). A4 Asset and investment purchases, (see table) |
to the nearest £ - - - - - - - - - - - - 8,760 - 8,760 8,760 - 8,760 - 10,000 1,240 Restricted funds |
to the nearest £ Endowment funds |
Total funds to the nearest £ - - - - - - - 17 825 - - 842 8,760 - 8,760 9,602 - 9,602 - 13,000 3,398 |
Last year to the nearest £ |
|
| - | - | 10,000 | |||
| - | - | 3,000 | |||
| - | - | 13,000 | |||
| - | - | ||||
| - | - | - | |||
| - | - | - | |||
| - | - | 13,000 | |||
| - | 17 | - | |||
| - | 825 | - | |||
| - | - | - | |||
| - | - | - | |||
| - | 842 | - | |||
| - | 8,760 | ||||
| - | - | ||||
| - | 8,760 | - | |||
| - | 9,602 | - | |||
| - 8,760 | - | - 9,602 | 13,000 | ||
| - | - | - | - | ||
| 10,000 | - | 13,000 | - | ||
| 1,240 | - | 3,398 | 13,000 |
Section B Statement of assets and liabilities at the end of the period
| Categories B1 Cash funds B2 Other monetary assets B3 Investment assets B5 Liabilities B4 Assets retained for the charity’s own use Signed on behalf of all the trustees |
Details Co-operative Bank Account Details N/A Details N/A Details 2 x Portable office buildings Details N/A Signature Total cash funds (agree balances with receipts and payments account(s)) |
to nearest £ to nearest £ 2,158 1,240 - - - - 2,158 1,240 OK OK to nearest £ to nearest £ - - - - Cost (optional) - - Cost (optional) general fund 8,760 - - - Print Name Simon Redding Unrestricted funds Restricted funds Unrestricted funds Restricted funds Fund to which asset belongs Fund to which asset belongs Fund to which liability relates Amount due (optional) |
to nearest £ Endowment funds |
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| - | |||
| - | |||
| - | |||
| - | |||
| OK | |||
| to nearest £ Endowment funds |
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| - | |||
| - | |||
| Current value (optional) |
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| - | |||
| - | |||
| Current value (optional) |
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| - | |||
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| When due (optional) |
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| Date of approval |
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| Simon Redding | 24/01/24 |