MII.I)IIF.I) 'I'IIU,%'I' 2025-2026 ANNUAL Rural Community compassion in action REPORT Charity Number 1212060 co ## Report of the Trustees for the year ended 31st March 2026. The trustees present their report with the financial statements of the charity for the year ended 31 March 2026. The trustees have adopted the provisions of 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). ## Reference and Administrative Information Charity Name: The Mildred Trust Charity Registration Number: 1212060 Principal Office: 11 Elmfield Tenterden Kent TN30 6RE ## Board of Trustees Roy Isworth (Chair Appointed 10.02.25) Emma Isworth (Appointed 10.02.25) Lyndsey Armstrong (Nee Webber) (Appointed 10.02.25) Alexandra White (Appointed 10.02.25 Resigned 12.03.26) Sara Williamson (Appointed 10.02.25) Rev Canon Lyndsay Hammond (Appointed 10.02.25) ## Auditors Not appointed. The charity has remained dormant. There are no transactions in this financial year and no bank account. This is a nil return and has been formally prepared and signed by a Trustee. ## Bankers- None ## A word from our Chair Roy Isworth In what marks a pivotal year in the history of The Mildred Trust I am delighted that The Mildred Trust has registered as a CIO with the intention of transferring assets from the old Trust (Charity Number 1097210) within the two- year window permitted by The Charity Commission. The CIO 1 remained dormant during this accounting period. The asset transfer from 1097210 is pending subject to a Section 105 application with the Charity Commission. We started the year working with Trustees and people in our local community to create a strategy based on our Theory of Change priority areas. - Reducing food waste and food Insecurity. - Working with children, young people and families. - Creativity and Innovation. - Sustainability. I would like to offer sincere thanks to our Trustees and community members for their hard work and dedication over the last year. The next year looks exciting! Our Aims, Objectives and Activities: The Mildred Trust creates equality of opportunity with people in rural areas of Ashford in Kent and Rural Rother with a primary focus on Tenterden. **Our longer-term objective** s are 1) People working together to reduce food insecurity 2)People sharing knowledge with each other 3) People in rural areas being more socially and physically active 4)People in rural areas having easy access to community facilities; the arts and sport 5) Working together to create partnerships and collective impact in rural areas. The charity objects were approved by The Charity Commission in preparation for our application to become a CIO which was approved in 2025. 1)The prevention or relief of poverty in Tenterden, St Michaels, Small Hythe and the surrounding areas by providing: items and services to individuals in need working to prevent or relieve poverty. 2)The advancement of education to assist in such ways as the charity trustees think fit in Tenterden, St Michaels, Small Hythe and the surrounding areas including advancing education of persons under the age of 25 years by A) Developing mental and physical and skills through leisure time activities and B) Relieving financial insecurity of young people and their families by the provision of grants to enable them to participate in healthy recreational activities that they could not otherwise afford. 3) The advancement of community development and citizenship for people in Tenterden, St Michaels, Smallhythe and the surrounding areas. To develop the capacity and skills of the members of the socially and economically disadvantaged community in such a way that they are better able to identify, and help meet, their needs and to participate more fully in society. Structure, governance, and management Governing document The Constitution is the governing document for the charity and states its overall aims and objectives. 2 Our governing document will inform the creation of annual business plans: - The budget for operating the charity. - Grant income targets. - Grant funding requirements for any shortfalls between operating costs and income and for developing broader community programmes. Organisational structure ## The Trust The board of trustees is made up of volunteers with a wide-ranging skillset and interests including a local businessperson, Teacher, GP Practice Manager, Vicar, Surgeon and Physiotherapist working with local children and young people. Each trustee brings professional expertise to support the trust to achieve its aims. The Trust’s activities are overseen by the Board of Trustees that meets quarterly. Working groups for projects meet more frequently outside of board meetings. ## Recruitment and appointment of trustees The existing trustees are responsible for the recruitment and Induction of new trustees. Before any advert or invitation is Issued for new trustees: - An existing skills audit will be updated so it is clear which skills would beneficially augment the current board. - We will assess current representation in terms of diversity across the community. ## Risk Management As part of our ongoing responsibility for ensuring the identification and management of risk, the board adopts a rolling assessment of strategic and operational risk which is reviewed at each board meeting. We have a risk register which details potential risks, potential impact and steps taken to mitigate risk. This includes governance, operational, financial, environmental and compliance risk. In addition to this, individual areas of risk are assessed and monitored by board sub- groups including a finance team which meets every month and reports directly to the board. 3 ## Financial review No transactions occurred during the financial year, and no bank account was maintained. Consequently, this is a nil return, formally prepared and duly signed by a Trustee. ## Financial Statement ## **RECEIPTS AND PAYMENTS ACCOUNTS The Mildred Trust** Registered Charity No. 1212060 For the period 7 February 2025 to 31 March 2026 ## **Basis of Preparation** These accounts have been prepared on a receipts and payments basis in accordance with the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. The charity is a Charitable Incorporated Organisation (CIO) registered with the Charity Commission for England and Wales. The charity was registered on 7 February 2025. During the period to 31 March 2026 the charity was dormant. No receipts were received, no payments were made, and no bank account was held in the name of the charity. Accordingly, these are nil accounts. ## **Statement of Receipts and Payments** For the period 7 February 2025 to 31 March 2026 ||**£**|**£**| |---|---|---| |RECEIPTS||| |Donations and gifts|–|| |Grants|–|| |Other receipts|–|| |**Total Receipts**|**Nil**|| |||| |PAYMENTS||| |Charitable activities|–|| |Governance costs|–|| |Other payments|–|| |**Total Payments**|**Nil**|| 4 ||**£**|**£**| |---|---|---| |||| |**Net movement in funds**|**Nil**|| |||| |BALANCES||| |Opening balance at 7 February 2025|Nil|| |**Closing balance at 31 March 2026**|**Nil**|| ## **Notes to the Accounts** ## **1. Accounting policies** These accounts are prepared on a receipts and payments basis. This means that income is included when received and expenditure when paid. No accruals adjustments have been made. ## **2. Dormancy** The charity was dormant throughout this period. No receipts were received and no payments were made. There were no assets or liabilities at the period end. No bank account has been opened in the name of the CIO. ## **3. Related party — The Mildred Trust (Charity No. 1097210)** The trustees of this charity are also trustees of The Mildred Trust (Charity No. 1097210). This charity was established as a CIO to receive assets currently held by that charitable trust. A Section 105 application to the Charity Commission has been made by the charity's solicitors to authorise the transfer, as the shared trustee body constitutes a conflict of interest. No transfer had taken place as at 31 March 2026. ## **4. Independent examination** As total receipts for the period were nil, the accounts are not subject to independent examination. The statutory threshold for independent examination is currently £25,000 (increasing to £40,000 from 30 September 2026). ## **Approval** These accounts were approved by the trustees and authorised for issue on the date shown below. Signed on behalf of the trustees: 5 ____ _____________________________ Roy Isworth, Chair Date: ________07.08.26________________ 6 ## Statement of trustees’ responsibilities The trustees are responsible for preparing an annual report and financial statements in accordance with applicable land and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing the financial statements, the trustees are required top: - Select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP. - Make judgments and estimates that are reasonable and prudent; state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statement. - 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 proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 1993, 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 taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees for the purposes of charity law who served during the year and up to the date of this report are set out on page 1. Approved by the trustees and signed on its behalf by: …………… ………………………………. Roy Isworth Chair Date:………07/08/26……………………………. 7