Trustees’ Annual Report for the period
From 01.01.2023 Period start date To 31.12.2023 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 governingdocument |
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 |
Para 1.38 |
| including program related | |
| investment |
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
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SORP reference
Summary of the main The charity has made grants to university students,
achievements of the charity, whose parents or grandparents live in the parish, to
assist with their costs, materials and transport.
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider Para 1.20
benefits to society as a
whole.
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Additional information (optional)
You may choose to include further statements where relevant about:
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Achievements against
objectives set Para 1.41
Performance of fundraising
activities against objectives
set Para 1.41
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Investment performance against objectives |
Para 1.41 |
|
|---|---|---|
Other |
Financial Review
| Review of the charity’s financial position at the end of theperiod |
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 | £151311 |
| 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
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
| Charityname | Sutton-cum-Duckmanton Educational Foundation |
|---|---|
| Other name the charityuses | |
| Registered charitynumber | 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 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Office (if any) | Dates acted if not for whole year |
Dates acted if not for whole year |
Name of person (or body) entitled **to appoint trustee(if any) ** |
|---|---|---|---|---|---|---|
| Janet Bradshaw | Chair | Sutton-cum-Duckmanton Parochial Church Council |
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| Paul Goodwin | Vice Chair | Sutton-cum-Duckmanton Parish Council |
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| Brian Brocksopp | ||||||
| Joy Phillips | ||||||
| Ann Clark | ||||||
| Jack Woolley | Derbyshire County Council | |||||
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
~~Be~~
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) ~~oa~~ Date 4.10.24
| 20 | Sutton-cum-Duckmanton Educational Foundation No (if any) Sutton-cum-Duckmanton Educational Foundation 505521 Receipts andpayments accounts Period start date To 01.01.23 31.12.23 For the period from ~~es~~ |
Sutton-cum-Duckmanton Educational Foundation No (if any) Sutton-cum-Duckmanton Educational Foundation 505521 Receipts andpayments accounts Period start date To 01.01.23 31.12.23 For the period from ~~es~~ |
Sutton-cum-Duckmanton Educational Foundation No (if any) Sutton-cum-Duckmanton Educational Foundation 505521 Receipts andpayments accounts Period start date To 01.01.23 31.12.23 For the period from ~~es~~ |
Sutton-cum-Duckmanton Educational Foundation No (if any) Sutton-cum-Duckmanton Educational Foundation 505521 Receipts andpayments accounts Period start date To 01.01.23 31.12.23 For the period from ~~es~~ |
Sutton-cum-Duckmanton Educational Foundation No (if any) Sutton-cum-Duckmanton Educational Foundation 505521 Receipts andpayments accounts Period start date To 01.01.23 31.12.23 For the period from ~~es~~ |
Sutton-cum-Duckmanton Educational Foundation No (if any) Sutton-cum-Duckmanton Educational Foundation 505521 Receipts andpayments accounts Period start date To 01.01.23 31.12.23 For the period from ~~es~~ |
Sutton-cum-Duckmanton Educational Foundation No (if any) Sutton-cum-Duckmanton Educational Foundation 505521 Receipts andpayments accounts Period start date To 01.01.23 31.12.23 For the period from ~~es~~ |
~~Oo~~ | CC16a ~~Oo~~ |
|---|---|---|---|---|---|---|---|---|---|
| Section A Receipts and payments | |||||||||
| Unrestricted funds |
Restricted funds |
Endowment funds |
Total funds | Last year | |||||
| to the nearest £ | to the nearest £ | to the nearest £ | to the nearest £ | to the nearest £ | to the nearest £ | ||||
| A1 Receipts | |||||||||
| Deposit Interest | 3,485 | - | - | 3,485 | 396 | ||||
| Investment Dividend | 2,647 | - | - | 2,647 | 509 | ||||
| Investment Dividend | 31,181 | - | - | 31,181 | 2,636 | ||||
| Amazon | 13 | - | - | 13 | 5 | ||||
| Interest from sale funds | 1,176 | - | - | 1,176 | - | ||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - |
No (if any) 505521 CC16a 31.12.23 ~~Oo~~
| Sub total(Gross income for AR) | (Gross income for AR) | 38,502 (Gross income for AR) |
- | - | 38,502 | 3,546 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Sub total Total receipts A2 Asset and investment sales, (see table). |
- - - 2,453,599 - - - - - - - - - 2,453,599 38,502 - - 38,502 2,457,145 ~~===———~~ |
|||||||||
| A3 Payments | ||||||||||
| Grants | 8,000 | - | - | 8,000 | 7,400 | |||||
| Room Hire | 30 | - | 30 | 20 | ||||||
| Insurance | 594 | - | - | 594 | 3,820 | |||||
| Audit | 25 | - | - | 25 | - | |||||
| Zoom Licence | 144 | - | - | 144 | - | |||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| - | - | - | - | - | ||||||
| **Sub total ** | 8,793 | - | - | 8,793 | 11,240 | |||||
| Sub total Total payments A4 Asset and investment purchases, (see table) |
- - - - - - - - - - - - - 8,793 - - 8,793 11,240 ~~a~~ |
|||||||||
| **Net of receipts/(payments) ** | 29,709 | - | - | 29,709 | 2,445,905 | |||||
| A5 Transfers between funds | - | - | - | - | - | |||||
| A6 Cash funds last year end | - | - | - | - | - | |||||
| **Cash funds this year end ** | 29,709 | - | - | 29,709 | 2,445,905 |
Section B Statement of assets and liabilities at the end of the period
| Unrestricted Restricted |
Endowment | ||||
|---|---|---|---|---|---|
| Categories | Details | funds funds |
funds | ||
| to nearest £ to nearest £ |
to nearest £ | ||||
| B1 Cash funds | Current Account 47,811 - - Deposit Fund 103,500 - - - - - 151,311 - - Total cash funds ~~SSeS~~ |
||||
| (agree balances with receipts and payments account(s)) |
(agree balances with receipts and payments | Agreement Error OK |
OK | ||
| Unrestricted Restricted |
Endowment | ||||
| funds funds |
funds | ||||
| Details | to nearest £ to nearest £ |
to nearest £ | |||
| B2 Other monetary assets | - - - - - - - - - - - - - - - - - - ~~——==~~ |
||||
| Details | Cost (optional) Fund to which asset belongs |
Current value (optional) |
|||
| B3 Investment assets | COIF Charity Fund 001T - 96,399 COIF Charity Fund 002T - 73,301 COIF Charity Investment Fund - 2,170,392 Brewin Dolphin Investment - 1,930,762 - - ~~ee~~ |
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| Details | Cost (optional) Fund to which asset belongs |
Current value (optional) |
|||
| B4 Assets retained for the charity’s own use |
- - - - - - - - - - - - - - - - - - ~~mine~~ |
||||
| Fund to which Amount due |
When due | ||||
| Details | liability relates (optional) |
(optional) | |||
| B5 Liabilities Signed by one or two trustees on behalf of all the trustees |
- - - - - Signature Print Name ANN CLARK 4.10.24 Date of approval ~~———~~ |
CIIARITY COVI iMlJSION foR Independent examiner's report on tile ENGLAND AND WALES accounts Sectlon A Independent Examinerfs Report Report to the trustees Sutton-cum-Duckmanton Educatronal IFoundation Charity Charity no (if any) 05521 On accounts for the I year ended 5t 31 December 2023 Set out on pages I reportto the trustees on my examination of the accounts of the above charity I'the Trust") for the year ended and As the charity's trustees. you are responsible for the preparation of the accounts ',7 accordance with the requirements of the Chari*es Act 2011 I'the Act"). Responsibilities basis of report I report in respect of my examination of the Trust's accounts carried out under section 145 ofthe 2011 Actand in carryingout myexomination, I have Siollowed all the applicable Directions given by the Charity Commission under section 14515){bl of the Act. The charity's gross income exceeded E250.000 and l am qualified to Independent undertake the examination by being a qualified member of Association of examiner's statement Chartered Certified Accountants. I have completed my examination. I confirm that no material matters have Corne to my atrention in coniettion wtth the examination ivhich gives rne cause to believe that in, any material respect: the accounting records were not kept in accordance with settion 130 of the Charities Act; or the accounts did not accord with the accounting records; or the account5 did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true 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 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. Signed: th Name: Date-. 4 October 2024 Jayn= Sabido ' Relevant professional qualification(s) body (if any): or FCC4 (Fellow Member of Association of Chartered Certified Accountants) Address: 39 Old School Lane. Calow, Chesterfield, Derbyshire S44 SUE