# **Huddersfield Common Good Trust**
Charity No: 231096
**Huddersfield Relief in Sickness Charities** Charity No: 223333
## **Huddersfield Cinderella Society and E. Austen Johnson Trust Fund** Charity No: 224085
**Annual Report and Financial Statements For the year ended 31[st] March 2024**
## **Huddersfield Common Good Trust**
## **Huddersfield Relief in Sickness Charities**
## **Huddersfield Cinderella Society and**
## **E. Austen Johnson Trust Fund**
## **Annual General Meetings**
To be held at The Huddersfield Mission Lord Street Huddersfield HD1 1QA On
Monday 7th October 2024
## **A G E N D A**
- 1 Introduction by the Chair
- 2 Apologies for absence
- 3 Minutes of the Fifty Seventh Annual General Meeting of Huddersfield Common Good Trust and Huddersfield Relief in Sickness Charities
- 4 Minutes of the 121st Annual General Meeting of Huddersfield Cinderella Society and E. Austen Johnson Trust Fund
- 5 Chair’s Report
- 6 Treasurer’s Report
- 7 Adoption of Huddersfield Common Good Trust Accounts to 31[st] March 2024
- 8 Adoption of Huddersfield Relief in Sickness Charities Accounts to 31[st] March 2024
- 9 Adoption of Huddersfield Cinderella Society and E. Austen Johnson Trust Fund Accounts to 31[st] March 2024
- 10 Appointment of Independent Examiner
- 11 Any Other Business
**Huddersfield Common Good Trust**
## **Huddersfield Relief in Sickness Charities**
## **Huddersfield Cinderella Society and E. Austen Johnson Trust Fund**
## **Annual Report and Financial Statements**
## **For the year ended 31[st] March 2024**
|**Contents**|**Page**|
|---|---|
|Trustees and Advisors|1|
|Minutes of Fifty Seventh Annual General Meeting|2|
|Precis of the Objects|5|
|Chair’s Annual Report|6|
|Accounting Policies|8|
|Huddersfield Common Good Trust||
|~
Financial Statements|9 - 12|
|Huddersfield Relief in Sickness Charities||
|~
Financial Statements|13 - 16|
|Huddersfield Cinderella Society and E Austen Johnson Trust Fund||
|~
Notice of Annual General Meeting, Management||
|Committee and Advisors|17|
|~
Minutes of the 121st Annual General Meeting|18|
|~
Financial Statements|20 - 22|
## **Huddersfield Common Good Trust**
## **Huddersfield Relief in Sickness Charities**
**Huddersfield Cinderella Society and E. Austen Johnson Trust Fund**
## **Trustees and Advisors**
**For the year ended 31[st] March 2024**
**Trustees:** V Javin - Chair R Butterworth E Oldfield A Haigh S Hollingworth R Beadle (appointed 3[rd] June 2024) P J H Hoyle **Honorary Treasurer** : P J H Hoyle, BSc. **Honorary Solicitor:** J. M. Fryer, LL.B, LL.M Ramsden Street, Huddersfield HD1 2TH **Secretary:** S Stott c/o. The Huddersfield Mission 3-13 Lord Street, Huddersfield, HD1 1QA www.hcgtrust.org.uk **Independent Examiner:** M Fielding, FCA c/o Simpson Wood Limited Bank Chambers Market Street Huddersfield HD1 2EW **Investment Advisors:** Rathbones
Page 1
## **Huddersfield Common Good Trust**
Charity No: 231096
## **Huddersfield Relief in Sickness Charities**
Charity No: 223333
Minutes of the Fifty seventh Annual General Meeting held at the Huddersfield Mission on Monday 2nd October 2023
PRESENT Ms V Javin Chairman Mr P J Hoyle Hon Treasurer Ms S Stott Secretary Mr R Butterworth Trustee Ms E Oldfield Trustee Mr A Haigh Trustee Mrs S Hollingworth Trustee
And 8 other listed on the attendance sheet
## 1 **Apologies for absence**
None
## 2 **Minutes**
The minutes of the Fifty Sixth Annual General Meeting had been circulated with the Agenda, Annual Report and Financial Statements. These were proposed be accepted as a correct record by Ms Oldfield and seconded by Mr Haigh.
## 3 **Chairman’s Report**
This had been circulated with the Annual Report. Ms Javin explained for the benefit of those attending about the structure of the 3 connected charities and the combining of the AGMs
## 4 **Honorary Treasurers Report** .
The Huddersfield Common Good Trust’ incorporates several charities. The two main charities are The Huddersfield Common Good Trust and The Huddersfield Relief in Sickness. The charities’ funds are invested in stocks and shares to provide income for distribution to local charitable groups. Today I am reporting on the year ended 31[st] March 2023.
I have printed a summary sheet covering all the main figures from the accounts for the last 3 years. My report will follow the summary.
Page 2
I can report that the total income received by all the associated charities has risen significantly from the previous year to £73,645 (£63,723). We were very pleased to receive donations of £89,875 as reported by the chair. These have been added to the trust capital. The total grants paid out has greatly increased to £73,585 from £34,515, as applications for grants increased following the end of the pandemic. Any income remaining at the end of one year can be carried forward to give away in the future. The market value of all the investments held at 31[st] March 2023 had fallen to a total of £1,700,444 from £1,749,000 last year with ongoing uncertainties.
Looking at the individual charities, for the year ended 31[st] March 2023, The Common Good Trust has total income of £43,286. After expenditure and grants this left a deficit of £10,501. There was a surplus on disposal of investments of £11,470 which gives a net surplus of £970. As mentioned, we were fortunate to receive donations of £89,875. These have been added to the Trust Funds, which now stands at £884k.
The Huddersfield Relief in Sickness Charities had income of £29,537. After expenditure and grants this left a deficit of £7,208. There was a surplus on the disposal of investments of £13,274 which leaves a net surplus of £6,066. This has been added to the Trust Capital, which now stands at £578k.
The third, much smaller, charity is The Cinderella Society & E Austen Johnson Trust Fund which has made a surplus of £881. There was an adjustment of £332 to the value of investments this year. Investment income shown in the accounts is down slightly at £822. No grants were agreed in the year. The net surplus of £881 has been added to the Trust Capital which stands at £50,276.
The market value of the investments held in all the charities at 31[st] March 2023 has fallen to £1,700,444, even after the donations received. However, it had fallen further to £1,619,000 by 24[th] August. It should be remembered that it is the income generated by the investments which is most important to us. The estimated income for this year was £70,000, and again income received exceeded this at £73,645. The estimated income for the current year is £72,000, which is a yield of 4.46%.
As I always seem to say, there is great uncertainty in the financial markets! The ongoing Russian invasion of Ukraine has continued this, together with rising inflation. To counter this inflation central banks have been raising interest rates, though this appears to be easing. There is also the ongoing threat of recession.
The investments are held in Government stocks and a well-balanced diversified range of blue chip investments. Our investment advisors feel that we have a solid portfolio, which should maintain its capital value over the longer term, whilst the level of income is reasonably stable at the present. The organisations we support will also be suffering in this crisis and many will need financial help. With costs increasing the value of individual applications is increasing. I feel that the income we will receive will be sufficient to enable us to help those organisations we would like.
## Page 3
Last year we appointed Julian Holdroyd to continue as our Independent Examiner but sadly he passed away early this year.
I would like to thank Mark Fielding, who stepped in and has carried out the task of Independent Examiner of the charities’ accounts this year
.
It was proposed by Ms E Oldfield and seconded by Mr A Haigh that the Treasurer’s report and the accounts for the year to 31[st] March 2023 for both the Huddersfield Common Good Trust and the Huddersfield Relief in Sickness Charities be adopted. This was carried without dissent.
## 6 **Appointment of Independent Examiner of Accounts**
Although unable to attend the meeting Mr Fielding had intimated that he was willing to continue as the charities’ official Examiner. It was proposed by Mr Butterworth and seconded by Mrs Hollingworth that he be reappointed..
## 7 **Any Other Business**
Thanks were given for grants received by representatives of the following groups: -
Golcar Providence Chapel Linthwaite Methodist Church Armitage Bridge Cricket Club Peter Brook Centre Marsden Tennis Club Dalton St. Paul’s Church
The meeting closed with a vote of thanks from Ms Oldfield.
Page 4
## **Precis of Objects**
## **Huddersfield Common Good Trust**
The objects pursued by the Trustees are to apply the income of the Trust monies for any charitable purposes directed wholly or mainly for the benefit of groups within the County Borough of Huddersfield or in the immediate neighbourhood thereof.
## **Huddersfield Relief in Sickness Charities**
The objects pursued by the Trustees are to apply the income of the monies of the charities for any charitable purposes directed wholly or mainly for the benefit of groups, within the County Borough of Huddersfield or in the immediate neighbourhood thereof, whose members are sick, convalescent, disabled, handicapped or infirm, etc.
## **Huddersfield Cinderella Society and E. Austen Johnson Trust Fund**
The objects pursued by the Officers are to brighten the lives and alleviate the conditions of the poor and neglected children, and also the adult poor (without regard to religious or political opinions), of Huddersfield and District in all such ways and by all such means as from time to time may be deemed necessary.
## **Statement of Trustees’ Responsibilities**
Law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity at the end of the year and of its financial activities during the year then ended. In preparing those financial statements, the Trustees are required to:-
- ~ Select suitable accounting policies and then apply them consistently;
- ~ Make judgements and estimates that are reasonable and prudent;
- ~ State whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements.
- ~ Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act 2011. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the charity and to prevent and detect fraud and other irregularities.
## Page 5 **Chair’s Annual Report Of**
## **The Huddersfield Common Good Trust The Huddersfield Relief in Sickness Charities and The Huddersfield Cinderella Society and E Austen Johnson Trust Fund**
## **For the year ended 31[st] March 2024**
Consolidation and maintaining stability have been the key drivers of the Trust’s work during the last year.
Once again, global events have tested the charities’ approach to their long-term investment strategy presenting a challenge for trustees and advisors to ensure both the long-term security of funds whilst delivering appropriate levels of income. For many community and voluntary organisations, pressure on funding remains relentless. Public sector funding constraints continue to see increased demand on services provided by the voluntary sector and charities.
Despite uncertainties in the wider economy, many organisations are working hard to improve facilities and equipment in order to maintain and in many cases, extend their work particularly with young people, the elderly or disabled and among the vulnerable and marginalised members of society.
By spring 2024, market conditions had improved after a difficult first half of the financial year. But with elections due in both the UK and the US, increased tensions in the Middle East and interest rates and inflation providing the dominating themes in the financial markets, ongoing volatility seemed likely.
Trustees continue to consult and take advice from investment managers Investec (now Rathbones) on how best to mitigate adverse conditions which could affect the charities’ fund performance in what remains a difficult market.
During the year, the Trust awarded grants totalling £52,258 to 22 groups compared with a total of £73,585 to 19 groups in the previous year.
The charities have contributed to the rebuilding and major upgrading of village halls and sports clubs, helped voluntary groups replace boilers, kitchen and office equipment and supported groups wanting to extend their seasons or improve their facilities by installing floodlights, irrigation systems, storage units or new sight screens. Outdoor furniture, craft materials and sewing machines have all featured in grant-giving to aid groups tackling issues faced by those living with dementia or dealing with isolation.
As ever, the work of HCGT and its associated charities has been delivered by a small group of volunteer trustees with the support of secretary Susan Stott. My thanks to all of them for their continued professionalism and commitment to the work of the Trust.
Page 6
During the year, Jacqui Goff stood down as a trustee due to a move outside the area. My thanks to Jacqui for her contribution, particularly in the area of social care. After a skills audit, the trustees invited Huddersfield businessman Mr Raj Beadle to fill the trustee vacancy. The next five year rotation plan was agreed which will ensure stability of board representation.
In order to streamline the agenda for the annual meeting, trustees agreed to amalgamate some sections of the paperwork for the different charities with the exception of the financial reports for each fund which will continue to be represented separately. The trustees also welcomed Mr Mark Fielding as the new independent examiner for HCGT and its associated charities.
Val Javin Chair
Page 7
## **Huddersfield Common Good Trust**
## **Huddersfield Relief in Sickness Charities**
## **Huddersfield Cinderella Society and E. Austen Johnson Trust Fund**
## **Accounting Policies**
## **For the year ended 31[st] March 2024**
The accounting policies used by each of the above Trusts in preparing the financial statements, which have been prepared under the Historical Cost Convention, are set out below.
## i) **Investments**
Investments are stated at cost. Provision is made for any estimated permanent diminution in value. Profits/(Losses) on realisation of investments are dealt with in the Income and Expenditure Account.
All investments are held in the names of various nominees.
## ii) **Income**
Dividends, other income and legacies are included in the Income and Expenditure Account at their gross amount on a receipts basis.
## iii) **Grants**
Grants are approved by the Trustees and included in the accounts on a cash paid basis.
Page 8
## **Huddersfield Common Good Trust**
## **Income and Expenditure Account**
## **Year Ended 31 March 2024**
|**2023**
£
**Income**
89875
Gifts, Donations and Legacies
43250
Investment Income (gross)
36
Bank Interest
**133161**
**Total Income**
**Expenditure**
3000
Secretary's Salary
470
Office / Meeting Room Costs
0
Independent Examiner's Fee
82
Bank Charges
472
Other
5763
Commission Paid
89875
Legacies transferred to Capital
0
Income tax deducted
**99662**
**Total Expenditure**
**33499**
**Available for Distribution**
**Charitable Donations**
**44000**
Grants per Schedule
**(10501)**
**Excess / (Deficiency) of Income**
11470
Surplus / (Deficit) on Sale of Investments
**969**
**Surplus / (Deficit) for the Year**
Page 9|**2024**
£
550
43613
21|
|---|---|
||**44184**|
||6000
470
0
77
337
5864
550
0|
||**13298**|
||**30886**
**28258**|
||**2628**
7733|
||**10361**|
|||
## **Huddersfield Common Good Trust**
**----- Start of picture text -----**
Balance Sheet
As at 31 March 2024
2023 2024
£ £
Trust Capital
793365 Balance at 1 April 2023 884209
969 Surplus / (Deficit) for the Year 10361
89875 Legacies transferred to Capital 550
884209 Balance at 31 March 2024 895120
884209 895120
Represented by
881546 Investments at Cost 889935
Market Value
2023 2024
£996,845 £1,019,185
Current Assets
2428 CAF Bank 4950
235 Prepayment 235
2663 5185
Current Liabilities
0 CAF Bank 0
884209 895120
**----- End of picture text -----**
Signed on behalf of the Trustees on September 2024
V Javin P J H Hoyle Chairman Hon Treasurer Page 10
## **Huddersfield Common Good Trust**
## **Schedule of Grants**
## **Year Ended 31 March 2024**
|Aspire
Berry Brow AFC
Birkby Rose Hill CC
Friends of Honley Library
Greenfields Family Centre
Gwennie's Getaways
HCS Voices
Hive
Huddersfield Mission
Kubatana
Lascelles Hall CC
MHA Communities Kirklees
Milnsbridge Bowling Club
Pakistan Association
Sharing Memories
Thongsbridge C & BC
**Year Ended 31 March 2023**
Armitage Bridge Cricket Club
Hepworth Band
Hepworth Community Association
Holmbridge Cricket Club
Holmfirth Cricket Club
Huddersfield R U F C
Linthwaite Methodist Church
Marsden Tennis Club
Providence Methodist Church, Golcar|£
1669
1500
4500
2000
880
500
250
750
874
360
5000
655
4500
3000
320
1500|
|---|---|
||**28258**|
||£
5000
5000
5000
5000
4000
5000
5000
5000
5000|
||**44000**|
## Page 11
## **Independent Examiner’s report to the Trustees on the accounts of**
## **The Huddersfield Common Good Trust**
## **For the year ended 31[st] March 2024**
I report on the accounts of the charity set out on pages 9 to 11.
## **Responsibilities and basis of report**
As the charity’s Trustees, 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 Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directives 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 Trust 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.
M Fielding, FCA
***[th] September 2024
Page 12
## **Huddersfield Relief in Sickness**
## **Income and Expenditure Account**
## **Year Ended 31 March 2024**
|**2023**
£
**Income**
29501
Investment Income (gross)
36
Bank Interest
**29537**
**Total Income**
**Expenditure**
3000
Secretary's Salary
4080
Commission Paid
80
Bank Charges
0
Income tax deducted
**7160**
**Total Expenditure**
**22377**
**Available for Distribution**
**Charitable Donations**
**29585**
Grants per Schedule
**(7208)**
**Excess / (Deficiency) of Income**
13274
Surplus / (Deficit) on Sale of Investments
**6066**
**Surplus / (Deficit) for the Year**|**2024**
£
28790
21|
|---|---|
||**28811**|
||0
3850
64
0|
||**3914**|
||**24897**
**24000**|
||**897**
11177|
||**12074**|
Page 13
## **Huddersfield Relief in Sickness**
## **Balance Sheet**
## **As at 31 March 2024**
|**2023**
£
**Trust Capital**
572588
Balance at 1 April 2023
6066
Surplus / (Deficit) for the Year
**578654**
**Balance at 31 March 2024**
**Represented by**
573781
Investments at Cost
Market Value
2023
2024
658,025
668,019
**Current Assets**
4873
CAF Bank
**Current Liabilities**
0
Sundry Accruals
**578654**
Signed on behalf of the Trustees on September 2024|**2024**
£
578654
12074|
|---|---|
||**590728**|
||584968|
||5760|
||0|
|||
||**590728**|
|||
V Javin P J H Hoyle Chairman Hon Treasurer
Page 14
## **Huddersfield Relief in Sickness**
## **Schedule of Grants**
|**Schedule of Grants**||
|---|---|
|**Ended 31 March 2024**
Almondbury Methodist Church
Crosland Moor Bowling Club
Golcar Cricket & Athletic Club
Longley Community Sports Club
Milnsbridge Village Hall
Wilshaw Village Hall|£
3000
5000
3000
5000
5000
3000|
||**24000**|
## **Year Ended 31 March 2024**
## **Year Ended 31 March 2023**
|1st Holme Valley Scouts
Cartworth Moor Cricket Club
DASH
Denby Dale Bowling Club
Marsden Royal British Legion
Oasis Care Support
Peter Brook Centre
Scholes Cricket Club
St John's Church,Golcar
St Paul's Methodist Church, Dalton|4000
2200
1645
5000
3700
1000
5000
3540
1000
2500|
|---|---|
||**29585**|
Page 15
## **Independent Examiner’s report to the Trustees on the accounts of**
## **The Huddersfield Relief in Sickness Charities**
## **For the year ended 31[st] March 2024**
I report on the accounts of the charity set out on pages 13 to 15.
## **Responsibilities and basis of report**
As the charity’s Trustees, 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 Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directives 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:
- 3) accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
- 4) 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.
M Fielding, FCA **[th] September 2023
## Page 16
## **Huddersfield Cinderella Society and E. Austen Johnson Trust Fund**
Charity No: 224085
## **One Hundred and Twenty Second Annual Report and Summary of Accounts**
## **For the year ended 31[st] March 2024**
To be presented to the Annual General Meeting to be held at The Huddersfield Mission Lord Street Huddersfield HD1 1QA
Monday 7th October 2024
**Chair** V Javin **Honorary Treasurer** : P J H Hoyle, BSc., **Honorary Solicitor:** J. M. Fryer, LL.B, LL.M Ramsden Street, Huddersfield HD1 2TH **Secretary:** S Stott c/o. The Huddersfield Mission 3-13 Lord Street, Huddersfield, HD1 1QA www.hcgtrust.org.uk
**Investment Advisors:** Rathbones
## Page 17
## **Huddersfield Cinderella Society and E. Austen Johnson Trust Fund** Charity No. 224085
Minutes of the Annual General Meeting held at the Mission. On Monday 2[nd] October 2023
Present: - Ms V Javin in the chair Mr P J H Hoyle Hon Treasurer Ms S Stott Hon Secretary Mr R Butterworth Mr A Haigh Ms E Oldfield Mrs S Hollingworth
Apologies: None
Minutes
The minutes of the Annual General Meeting held on the 10th October 2022 were read and accepted as correct, Proposed by Mrs Hollingworth and seconded by Mr Butterworth.
## Treasurer’s Report
For the year ending 31 March 2023 the fund has made a surplus of £549. There was an adjustment to the value of Investments of £332. Investment income shown in the accounts is less than 2022 at £812. The only administration expense is commission paid which was similar to the previous year at £273. No grants were made in the year. The net surplus of £881 has been added to the Trust Capital which stands at £50,276.
The value of the investments fell from £46,264 to £45,574 and is all held in Government Stocks. These stocks are very safe but have not performed well in the recent market conditions. Otherwise the fund is in a healthy position.
Page 18
## Appointment of Independent Examiner
Mr Hoyle explained that Mr Holdroyd had unfortunately passed away during the year, but we had been fortunate in obtaining the services of Mr Mark Fielding to take his place as Independent Examiner. Mr Hoyle thanked Mr Fielding for stepping in and for his work in preparing the accounts.
Mr Butterworth proposed and Mrs Hollingworth seconded that Mr Mark Fielding be the Examiner for the next year
Any Other Business
## None
-------------------------- date ----------------------------------- Chairman
Page 19
## **Huddersfield Cinderella Society and E Austen Johnson Trust Fund**
## **Receipts and Payments Account**
## **Year Ended 31 March 2024**
|**2023**
£
**Income**
812
Investment Income (gross)
10
Gifts, Donations and Legacies
**822**
**Total Income**
**Expenditure**
273
Commission Paid
0
Legacies transferred to Capital
**273**
**Total Expenditure**
**549**
**Available for Distribution**
**Charitable Donations**
**0**
Grants per Schedule
**549**
**Excess / (Deficiency) of Income**
332
Adjustment to value of Investments
**881**
**Surplus / (Deficit) for the Year**|**2024**
£
1012
10|
|---|---|
||**1022**|
||275
0|
||**275**|
||**747**
**0**|
||**747**
(490)|
||**257**|
Page 20
## **Huddersfield Cinderella Society and E Austen Johnson Trust Fund**
## **Balance Sheet**
|**2023**
£
49395
881
0
**50276**
47852
2424
**50276**
V Javin
Chairman|**As at 31 March 2024**
**Trust Capital**
Balance at 1 April 2023
Surplus / (Deficit) for the Year
Legacies transferred to Capital
**Balance at 31 March 2024**
**Represented by**
**Investments at Cost**
Market Value
2023
2024
45,574
48,752
**Current Assets**
Barclays Bank
P J H Hoyle
Hon Treasurer|**2024**
£
50276
257
0|
|---|---|---|
|||**50533**|
|||47362
3171|
|||**50533**|
||||
Page 21
**Huddersfield Cinderella Society and E Austen Johnson Trust Fund**
## **Schedule of Grants Year Ended 31 March 2024**
£
**0 Year Ended 31 March 2023** £ **0** Page 22