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2020-12-31-accounts

Registered Charity No. 1181708

Edufund UK

Trustees’ Report and Accounts For the year ended 31 December 2020

1

Contents

Page

2

Trustees’ Annual Report for the period

From 1/1/20 To 31/12/20

Charity name: EdufundUK

Charity registration number: 1181708

Objectives and Activities
SORP
Summary of the
purposes of the charity
as set out
in its governing
document		 Para
1.17		 For the public benefit to advance the education of pupils in state primary and
secondary schools in England and Wales by promoting interest, motivation,
understanding and attainment in the following curriculum areas:
•
science, technology, engineering and mathematics;
•
physical education and
•
creative/effective learning

3

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
1.19		 Edufund UK invited Hertfordshire state‐funded schools to submit applications
for “projects” which we will fund (e.g. specific resources, training, outside
workshops, trips etc).
Secondary Schools Awards
Secondary schools could be awarded up to £1,000 in each of our 3 focus areas
(PE, STEM and Effective Learning) per academic year (termed Minor Awards).
Secondary schools could also apply for our annual Major Award (£10,000) for
larger projects (1 application per school for a Major Award in each of our 3
focus areas). There was one overall Winner of £10,000 (which can be in any
of the focus areas) and two Highly Commended award winners of £5,000 each
(which can be in any of the focus areas). Also, we reserved the right to award
Commended Awards of £1,000 to outstanding runners up. Schools were
invited to explain how they would adapt their bid if they were to be awarded
a HC prize. We did this to transfer a further £10,000 for the minor awards
which appeared to be more popular with schools.
Primary Schools Awards
We continued to invite applications from Hertfordshire state funded primary
schools. Due to the much larger number of primaries (compared to
secondaries) in the county, each school is limited to a maximum bid of £1,000
per school per academic year. Their applications can be staggered over the
year and focussed on a wider range of subjects than is the case with
secondary schools. This reflects the different scale and needs of primary
schools and enables us to help a larger percentage of the c400 primaries in
the county.
Overall

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We believe schools have the best idea which activities/resources will provide
most benefit to their particular pupils at any particular time. Thus, we believe
we provide the most public benefit (enhancement of education) by letting
schools propose their own projects and then checking they meet our
learning/motivation criteria.

The charity thus far had invited applications solely from state‐funded schools
in Hertfordshire. The demand from schools to date seems to be roughly
matching the available annual funds and thus, we will continue to solely
support Hertfordshire state‐funded schools as opposed to “state primary and
secondary schools in England and Wales” for the foreseeable future.
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 complied with their duty to have due
regard to the guidance on public benefit published by the Charity
Commission in exercising their powers and duties. The public benefit of the
Charity’s activities is the enhancement of learning, attainment and motivation
of primary and secondary state‐school pupils. This is achieved principally by
the award and monitoring of grants for school proposed learning initiatives.

Additional information (optional)

You may choose to include further statements where relevant about:

SORP

5

Policy on grant making
Para
1.38		 Primary Grants
From September 2019, we split the new awards budget approximately 50:50
between primary and secondary schools.
We allocated £60,000 to Primary Schools and awarded £57,987 with the
remainder staying in the EdufundUK account.
For our y/e 31/12/2020, we decided to:
•
Continue to only have smaller awards (up to £1,000 per school, per
academic year) for primary schools (staggered bids over the academic
year permitted)
•
widen the number of focus areas from secondary’s PE, STEM and
Effective Learning to STEM, PE, English, Other Foundation and Effective
Learning/Outdoor Education.
These differences from the secondary grants policy allow us to help a larger
proportion of different primary schools given that there are c400 state
primaries in Hertfordshire as opposed to c80 state secondary schools. If we
had Major Awards for primary schools, this would dramatically reduce the
proportion of schools we could help in an academic year.
In addition, we feel the wider range of focus subjects better reflects the needs
of primary schools because their work in various subjects is very often
integrated (e.g. centred on a topic theme for the half‐term) and they very
rarely have distinct subject departments. We also think the fast turnaround
and swift project implementation of these smaller awards really benefit
schools.
Secondary Grants
For our y/e 31/12/2020, we decided to increase the Minor Awards budget
from £20,000 to c£40,000. This required us to reduce the Major Awards
budget from £30,000 to £20,000 (One Major Award of £10,000 plus two Highly
Commended Awards of £5,000 each).
We allocated £60,000 to Secondary Schools and awarded £57,975 with the
remainder staying in the EdufundUK account to help fund the following year.
There were a number of reasons for this change:
•
We could potentially help more schools in each of the focus areas.•
We believe the shorter application form, fast turnaround and
project implementation of the smaller awards is beneficial to schools.
•
The simple Minor Awards were attracting far more applications than
the Major Awards.
•
There remained an opportunity for schools to bid for a major project
(£10,000) in any of the three focus areas with two substantial Highly
Commended Awards (£5,000 each) to go towards major projects (also in any
of the three focus areas).
Our grant policy will remain under constant review for both sectors. For
example, we shall look at the response rate and feedback for our new Major
Awardpolicyand we are currentlyconsideringwhether to narrow our five

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primary focus areas down to the three secondary focus areas of PE, STEM and
Effective Learning.
COVID19 Effects
•
We opened applications earlier than usual(mid‐August).
•
We “front‐loaded” termly budgets to £30,000 for both sectors.
These measures were to help schools with the added costs of adjusting to the
mix of home/school learning and the detrimental effects on pupil
learning/well‐being of the pandemic.
The policy was successful as we awarded £27,873 to primary schools and
£17,064 to secondary schools during the autumn term of 2020. The vast
majority of these projects were to develop online learning through hardware,
software and training.
Policy on social
investment including
program
related investment		 Para
1.38
Contribution made by
volunteers		 Para
1.38
Other

Policy on social investment including Para program 1.38 related investment Contribution made by volunteers Para 1.38 Other

Achievements and Performance

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SORP



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		 Amount Donated to Hertfordshire Schools
1 Jan 20 – 31 Dec 20
Total Amount
Number of Different Schools
Primary
£57,987
57
Secondary
£52,975
23
Total
£110,962
80

Register Interest
We encourage staff in schools to register interest in our awards in periodic
mailings (GDPR compliant) and on the website. This will enable them to
receive award opportunities directly instead of relying on information
emailed to a general address (e.g. admin@...) to be forwarded on to them.
New Primary Contacts
New Secondary Contacts
2018 N/A
18
2019 69
72020
27
8
Many schools/teachers apply without registering interest.
Award Applications
NB: Schools are restricted to a maximum award value on an academic year basis whereas we report on a
calendar year basis. This means that some schools may appear to receive more than the stated maximum
in one calendar year, but we keep careful track of awards given to enforce the academic year maximums.
Secondary Minor Awards(Successful applications – up to £1,000)
We have increased the number of different secondary schools successfully
applying for our Minor Awards:
2018 Awards = 25
Different Schools = 17
2019 Awards = 29
Different Schools = 18
2020 Awards = 40
Different Schools = 20
Secondary Major awards(Competitive process)
2018 Applications = 8 Different Schools = 7Awards: 3x £10K and 1x 1K
2019 Applications = 26 Different Schools = 23Awards: 3x £10K and 3x £5K and 3x £1K
2020 Applications = 21 Different Schools = 16 Awards: 1x £10K and 2x £5,K and 2x £1K
Primary School Awards(Successful applications – up to £1,000)
We began donating to Hertfordshire state‐funded primary schools from
September 2019 and are very pleased with their enthusiastic response.
Year (calendar)
Number of Awards
Different Schools
2018
n/a
n/a

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2019 (1 term) 24 22 2020 68 63

Award Administration

We have improved the turnaround of application to award for a number of reasons:

Award Winners Feedback

We set up a Google Forms questionnaire for award recipients. The responses were very positive. For example:

Additional information (optional)

You may choose to include further statements where relevant about:

----- Start of picture text -----
See above.
Achievements against
objectives Para
set 1.41
Performance of
fundraising activities
against objectives set Para
1.41
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Investment performance Para against objectives 1.41

Other

Financial Review

Financial Review
Review of the
charity’s financial
position at the end of
the period		 Para
1.21		 Total donations for this year equalled £150,000 and the charity ended
this financial year with almost £43,000 in the bank. We gave almost
£111,000 to schools this financial year. This is in line with the charity’s
current aim of donating c£120,000 to primary and secondary statefunded
schools (currently in Hertfordshire) each year plus covering all costs.
Statement explaining
the policy for holding
reserves stating why
they are held		 Para
1.22		 The trustees undertake to maintain a liquid balance sufficient to cover
its operating costs for 3 months and one term’s donations to schools
which equates to c£45,000. If reserves build in the future the charity
plans to introduce additional awards.
Amount of reserves
held		 Para
1.22		 This total will be flexible, diminishing as each term in the academic year
passes. See above.
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 Para fundraising) 1.47

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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 Gifts in Kind
For this y/e 31/12/2020, David and Linda Butterfield paid for the use of a
two-desk office (Thremhall Park, Bishops Stortford) for the charity for the
first calendar month at a cost of approximately £1,000. As planned, the
charity took over funding of the office in February 2020.

Structure, Governance and Management
Description of
charity’s trusts:
Type of governing
document
(trust deed, royal
charter)		 Para
1.25
 Foundation Model Constitution Document
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		 Control
1. Only trustees can vote – equally weighted votes (apart from the
Chair's casting vote in the event of a tie).
2. Always a minimum of two family trustees and always a majority of
family trustees on the board.
a. if 2 family trustees cannot be co-opted, the charity must wind up
within 2 years with all monies split equally between
statefunded secondary schools in Hertfordshire.
3. A family trustee should always be the Chair, and the Chair will be
elected by the Family Trustees. The Chair has the casting vote in the
event of a tie.
4. Appointments: to the board of trustees-only family trustees vote.

Additional information (optional)

You may choose to include further statements where relevant about:

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Policies and
procedures adopted
for the induction and
training of
trustees



Para
1.51

The charity’s
organisational
structure and any
wider network with
which the
charity works



Para
1.51		 Day to day management of the charity is delegated to David Butterfield
(Operations Director) who has oversight of all awards to schools and
planning of activities.

Award decisions are taken in a weekly meeting with David Butterfield
and Gareth Mottram where each application is carefully judged against
our award criteria with main points being ticked off and strengths and
any issues being highlighted on a copy of the application form as
required.

All three trustees have access to the updated award spreadsheets and all
charity records at all times.

Relationship with any
related
parties


Para
1.51		 David and Linda Butterfield made a donation to the charity in the period
under review.

Corrina Mottram is married to Gareth Mottram who is retained for regular
professional services. Corrina absents herself from all trustee discussions
on Gareth’s appointment and remuneration.

Linda Butterfield currently works as a teacher at Barnwell secondary
school (Stevenage). Linda does not apply for awards for Barnwell from
the charity herself.

Other

Reference and Administrative details
Charity name Edufund UK
Other name the charity uses None
Registered charity number 1181708
Charity’s principal address Office 9G
Thremhall Park
Start Hill
Bishops Stortford
CM22 7WE

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Bankers HSBC Private Bank
8 Cork Street London
W1S 3LJ
Accountants Alison Ward Accountants
28 Hills Road
Buckhurst Hill
IG9 5RS
Phone: 020 8505 4201
Email: info@alisonwardaccountants.com
Regular marketing,
communications and
administration services.


Gareth Mottram
(The Red Button Press)		 EdufundUK saves money by not having any employees at the moment.
Gareth Mottram is retained for 3 days a week to carry out the role of
Communications Director and help assess award applications.

Marketing, communications, planning, administration and award decision
services (3 days a week).
Office 9G
Thremhall Park
Start Hill
Bishops Stortford
CM22 7WE

Names of the charity trustees who manage the charity

Trustee name Office (if any) Dates acted if not for
whole year		 Name of person (or
body) entitled to
**appoint trustee(if any) **
1 David Butterfield Chair
Operations Director
2 Linda Butterfield
3 Corrina Mottram

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

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Funds held as custodian trustees on behalf of others
Description of the assets held
in this capacity
Name and objects of the charity on whose
behalf the assets are held and how this falls
within the custodian charity’s objects
Details of arrangements for safe custody
and segregation of such assets from
the charity’s own assets

Additional information (optional) Names and addresses of advisers (Optional information)

Type of adviser Name Address

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

Full Name Position
(eg Secretary, Chair,
**etc) **		 Signature Date
David Butterfield Chair of Trustees 03/11/21

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Independent examiner’s report to the trustees of Edufund UK

For the year ended 31 December 2020

I report to the trustees on my examination of the accounts of Edufund UK (the CIO) for the year ended 31 December 2020.

Responsibilities and basis of report

As the charity trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the CIO’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the CIO as required by section 130 of the Act; or

  2. the accounts do not accord with those records.

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.

Alison Ward FCCA

Alison Ward Accountants

28 Hills Road

Buckhurst Hill

Essex IG9 5RS

3 November 2021

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Charity Name No (if any)
Edufund UK 1181708
14 CC16a
For the period Period start date Period end date
from 01/01/2020 To 31/12/2020
Receipts and payments accounts
Section A Receipts and payments Sub total (Gross income for AR)
150,000
Unrestricted
funds A2 Asset and investment sales,
to the nearest £ (see table).
A1 Receipts -
-
Sub total -
Total receipts A3 Payments
Donations to schools 111,961
Professional Services GM 22,210
Professional Services - Other 855
Office Rent 11,059
Marketing to schools -
Bank Charges 888
-
-
-
Sub total 146,973
A4 Asset and investment
purchases, (see table)
-
-
150,000 Sub total -
----- End of picture text -----

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150,000
Donation 150,000
-
-
-
-
-
-
-
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Total payments Total payments
146,973
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
Restricted
funds
Endowment funds
to the nearest £
to the nearest £		 Total funds
to the nearest £
3,027
-
39,872
42,899		 - - ~~L~~
111,961
22,210
855
11,059
-
888
-
-
-
146,973
-
-
-
-


3,027
-
39,872
42,899		 -
3,027 - - -
- - - -
39,872 - - -
42,899 - - -
- -
-
- - ~~ast year~~
-
to the nearest £
-		 - -
- - -
- - 150,00 0 -
-








-
-
-
-
 -
- - - -
- - **- **
-
~~-~~
- - -
~~-~~
~~-~~
- - -
~~-~~
~~-~~
- - - -
- - - -
- - - -
- - 150,000 -
- -
- - - -
-		 -
-
- - -
- - - -
~~-~~

-
-
15
-
-
**150,000- **
Endowment
funds
to nearest £
Endowment
funds
to nearest £
-
-
-
-
Details
Details		 Unrestricted funds
to nearest £
Restricted
funds
to nearest £
Restricted
funds
to nearest £
-
-
-
-
42,899
-
-
42,899
Unrestricted funds
to nearest £

B2 Other monetary assets

-

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-
-
-
-
-
Fund to which asset Cost (optional) Current value
Details belongs (optional)
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B3 Investment assets

----- Start of picture text -----
-
-
-
-
-
-
-
-
-
Fund to which asset Cost (optional) Current value
Details belongs (optional)
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B4 Assets retained for the charity’s own use

----- Start of picture text -----
Grants Awarded not yet paid Unrestricted Fu
Project not ready to start
Grants Awarded not yet paid Unrestricted Fu
Lost cheque not resolved
Independent Examiner's F Unrestricted Fu
Fund to which liability Amount due When due
Details relates (optional) (optional)
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B5 Liabilities
----- End of picture text -----

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Signed by one or two trustees on
Date of
Signature Print Name
behalf of all the trustees approval
----- End of picture text -----

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