2022-12-31-accounts - Sutton-Cum-Duckmanton Education Foundation

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Trustees’ Annual Report for the period

From 01.01.2022 Period start date To 31.12.2022 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 Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment All the Trustees are volunteers with a Chair and Vice Chair are elected annually. Administrative duties are Para 1.38 covered by the Committee members. Contribution made by volunteers 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.

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	£521601
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	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		Gross income as defined by the Charities Act does not include the proceeds for sale of assets. However, as the Charity’s financial activity is small, using receipts and payment accounts, this necessitates the inclusion of the land sale monies as a receipt.

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 and training of trustees	Para 1.51
The charity’s organisational structure and any wider network with which the charity works	Para 1.51
Relationship with any related parties	Para 1.51
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

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
Jack Woolley		15.2.2022	Derbyshire CountyCouncil

– 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

Signature(s) Full name(s) ANN CLARK Position (eg Secretary, TRUSTEE Chair, etc) Date 25.10.23

	Sutton-cum-Duckmanton Educational Foundation	Sutton-cum-Duckmanton Educational Foundation	Sutton-cum-Duckmanton Educational Foundation	505521	CC16a
	For the period from	Period start date 1.1.2022	To	Period end date 31.12.2022

Section A Receipts and payments
A1 Receipts	Unrestricted funds to the nearest £ 396 2,636 509 5 - - - 3,546 2,453,599 - 2,453,599 2,457,145 7,400 20 3,820 7 - - - - 11,247 1,500,000 2,000,000 3,500,000 3,511,247 - 1,054,102 1,575,703 521,601	Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - -	Endowment funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Total funds to the nearest £ 396 2,636 509 - 5 - - - 3,546 2,453,599 - 2,453,599 2,457,145 7,400 20 3,820 7 - - - - - 11,247 1,500,000 2,000,000 3,500,000 3,511,247 - 1,054,102	Last year to the nearest £
Deposit Interest	396				-
Investment Dividends	2,636				2,569
Investment Dividends	509				495
Land Rental					438
Amazon	5				5
	-
	-				-
	-				-
*Sub total*(Gross income for AR)	3,546				3,507

A2 Asset and investment sales, (see table).
Sale of land	2,453,599				1,547,596
	-				-
*Sub total*	2,453,599				1,547,596
*Total receipts* A3 Payments
					1,551,103

Grants	7,400				1,950
Room hire	20				10
Insurance	3,820				344
Sale expenses	7				4,813
					-
	-				-
	-				-
	-				-
	-				-
**Sub total **	11,247				7,117

A4 Asset and investment purchases, (see table)
Brewin Dolphin	1,500,000
COIF Investment	2,000,000
**Sub total **	3,500,000				-
*Total payments* *Net of receipts/(payments)* A5 Transfers between funds A6 Cash funds last year end *Cash funds this year end*
					7,117

	- 1,054,102	-		- 1,054,102	1,543,986
				-	-
	1,575,703	-		1,575,703	-
	521,601	-		521,601	1,543,986

CCXX R1 accounts (SS)

26/10/2023

Section B Statement of assets and liabilities at the end of the period

Unrestricted funds to nearest £	Restricted funds to nearest £	Endowment funds to nearest £
468,101	-	-
53,500	-	-
-	-	-
521,601	-	-
		OK
		Endowment funds to nearest £
		-
		-
		-
		-
		-
		-
		Current value (optional)
		2,012,616
		88,286
		1,306,814
		-
		-
		Current value (optional)
		-
		-
		-
		-
		-
		-
		-
		-
		-
		When due (optional)






		Date of approval
ANN CLARK		19.10.23

Signed by one or two trustees on behalf of all the trustees

CCXX R2 accounts (SS)

~~26/10/2023~~

~~2~~

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Seetion A Independent Examiner's Report Roport to th• truslo08 Sutton 505521 Set out on pag•s I report to the trustees on my examination of the accounts of the above charity {Ih8 Trust'l for the year eThled Rospon¥lbS1tt108 and basls of r•port As the charivs trustees. you are reSp(ible lor the preparation of th& accounts in accordance with the requiroments of the CharitSe$ Ad 2011 ("th8 Acr). I rep)rt in respect of my examination of the Trust's acwunts carried out Uler section 145 of th8 2011 Act and in carrying out my examin81ion. I have followed all Ihe applicable Oireclions given ty the Charity Commission und8r section 14515Xbl of the Act. Independent The cllarity's gross Incom8 exceeded £250.000 and l am qualthed to èxamlnorfs statemeni undertake Ihe examination by being a qualrtlod mernr of Assoclallon of Chartered CerIed Accountsnts. I have completed my examinatK)n. I confirm that no material matters have come lo my attention in connection wilh the examinatson which gives ma cause lo believe that in. any material respect: the acnting records were not kept in accordance with secllon 130 of the Charities Act,. or the accournts did not ac(x)rd with the a¢Unting records: or the accounts dbj not ¢omply with the applicable requirements conceming the fomi and conlenl of accounts sel out in the Charities (Accounts and Repts) Regulations 2008 other than any requirement Ihat th& a¢¢ounts give 8 'true and fair, view which 18 not 8 mattor considered as part of an indepeThJenl examination. I have no ncernS and have Come across no other matters in connection wilh the examlnation to which attention stuld be drawn in this pOrt In order to enable a Fr undetstandiro of the a¢¢ount$ to be reached. Slgned: Dat•: 19th October 2023 Nam•: Rol•vant professional quallficatlon{s) or body {If any): FCCA (Fellow Member of A$ation of Charterad Certified Accountants) Address: 39 Old School Lane. Cakml. Chesterfield. DerfOYshi S44 SUE