## **Trustees’ Annual Report for the period** **From 01.01.2021 Period start date To 31.12.2021 Period end date Charity name: Sutton-cum-Duckmanton Educational Foundation** ## **Charity registration number: 505521** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|Making grants to individuals to assist in their
education or training to further their careers; and
groups which are educationally based.| |||| |||| |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|Maintaining investments, which generate dividends
from which the grants are made.| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|The trustees have acted to benefit the public.| |**Additional information (optional)**
You may choose to include further statements||where relevant about:| ||SORP reference|| |Policy on grant making|Para 1.38|| |Policy on social investment
including program related
investment|Para 1.38|| |Contribution made by
volunteers|Para 1.38|All the Trustees are volunteers with a Chair and Vice
Chair are elected annually. Administrative duties are
covered by the Committee members.| |Other||| ## **Achievements and Performance** ||SORP reference|| |---|---|---| |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|The charity has made grants to University students
living in the parish, to assist with their costs of
materials and transport. The local school has also
benefitted from a grant made towards books for
pupils to boost their reading following school
closures in the pandemic.| **Additional information (optional)** You may choose to include further statements where relevant about: |Achievements against
objectives set|Para 1.41|| |---|---|---| |Performance of fundraising
activities against objectives
set|Para 1.41|| |Investment performance
against objectives|Para 1.41|| |Other||| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|Funds from the sale of the land the Charity owned
which have since been invested, have secured the
Charity’s future.| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|The Charity holds investments, dividends from which
support the charity . It has very few administration
costs – insurance, room hire etc., which are a
fraction of this. The investments are not withdrawn
and are held to fund grants. Grant amounts are
dependant on dividends.| |Amount of reserves held|Para 1.22|| |Reasons for holding zero
reserves|Para 1.22|| |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|Dividends from investments.| |---|---|---| |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|The risks would be from the shares held. They are
managed with a medium risk.| |Other||| ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|Scheme of work| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|Unincorporated| |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|Trustees are either co-opted or represent these
bodies:
Parish Council
Parochial Church Council
County Council| ## **Additional information (optional)** You may choose to include further statements where relevant about: Policies and procedures adopted for the induction Para 1.51 and training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other ## **Reference and Administrative details** |Charity name|Sutton-cum-Duckmanton Educational Foundation| |---|---| |Other name the charity uses|| |Registered charity number|505521| |Charity’s principal address|The Arkwright Centre
Hardwick Drive
Arkwright Town
Chesterfield
S44 5BS| ||| ## **Names of the charity trustees who manage the charity** |1
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20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||Janet Bradshaw|Chair||Sutton-cum-Duckmanton
Parochial Church Council| ||Paul Goodwin|Vice Chair||Sutton-cum-Duckmanton
Parish Council| ||Brian Brocksopp|||| ||JoyPhillips|||| ||Ann Clark|||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| ## – 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** ## **Funds held as custodian trustees on behalf of others** Description of the assets N/A 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**|**Name**|**Address**| |---|---|---| |**adviser**||| **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** |**Signed** **on behalf of the**|**charity’s trustees**|| |---|---|---| |**Signature(s)**
**Full name(s)**
**Position (eg Secretary,**
**Chair, etc)**
**Date**||| ||Ann Clark|| ||
Trustee|| ||1.10.22|| ||1.10.22|| ## Sutton-cum-Duckmanton Educational Foundation Ch ## **ANNUAL ACCOUNTS 2021** |For the period 1st January to 31st December|**2021**| |---|---| |**Opening Balances**|| |National Westminster Bank|£28,216.39| |COIF Charities Deposit Fund|£3,500.00| ||**£31,716.39**| |**Income Details for the period**|| |COIF Income share dividend 001T|£2,568.70| |COIF income share dividend 002T|£495.49| |COIF Deposit account interest|£0.43| |Land Rental|£437.50| |Amazon Smile|£5.00| |Sale of Land|£1,547,596.30| ||**£1,551,103.42**| |**Expenditure Details for the period**|| |Grants to groups and individuals|£1,950.00| |Arkwright Centre (Room Hire)|£10.00| |Insurance|£344.00| |Land expenses|£4,812.50| |Other expenses|£0.00| ||**£7,116.50**| |**Closing Balances**|| |National Westminster Bank|£1,572,203.31| |COIF Charities Deposit Fund|£3,500.00| ||**£1,575,703.31**| |**Value of Shares**(bid market value)|| |COIF Charity fund shares (4857.59 shares held) at 31/12/21|£99,759.35| |COIF Charity fund shares (937 shares held) at 31/12/21|£19,242.98| ## harity **2020** £ 22,808.18 £ 3,500.00 **£ 26,308.18** £ 2,518.67 £ 485.84 £ 9.20 £ 750.00 £ 5.00 £ 3,327.00 **£ 7,095.71** £ 1,200.00 £ 40.00 £ 330.00 £ - £ 117.50 **£ 1,687.50** £ 28,216.39 £ 3,500.00 **£ 31,716.39** £ 87,318.58 £ 16,843.23 CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examlner's Report Report to the trusteesl members of Sutton-cym-Duckmanton Educational Foundation Charity On accounts for the year ended 31" De￿rnber 2021 Charity no (if any) 505521 Set out on pages I report to the trustees on my examination of the accounts of the above charty {'the Trust") for the year ended 3111212021. Responsibilities and basls 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 {'Ihe Act.). I report in respect of my examlnalion of the Trust's accounts carried out under seGlion 145 of the 2011 Act and in carying out my examination, I have followed all the applicable Direclbns glven by the Charity Commission under section 145(51(b} of the Act. Independent The charity's gross Income exceeded £250.000 and l am qualified to examiners statement undertake Ihe examination by being a qualified member of the Association of Chartered Certified Accountants. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect.. the accounting records wefe not kept in accordan￿ with section 130 of the Charities Act., or the accounls dld not a¢¢ord with the accounting records., or the accounts did not comply with the applicable requirements concerning the form and conlenl of accounts set oui in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accoullls give a Xrue and fail 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 Wtih the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: I 191 October 2022 Name: Jayne Sabido Relevant professional l FCCA (Fellow Member of Association of Chartered Certified Accounlantsl qualification(¥} or body (if any).. Address: 39, Old SchTh)l Lane, Calow, Chesterfield, Derbyshire S44 SUE