Trustees’ Annual Report for the period
Period start date 01.01.2020 To Period end date 31.12.2020
Charity name: Herbert Educational Foundation
Charity registration number: 507021
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | To promote and support the education of persons who are under 25 years of age and are in need of financial assistance and have at any time attended a school in **the area of benefit. ** |
| 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 |
Financial support is given upon application, to individuals living in the area of benefit or who have attended the Primary School in said area. The Primary School may apply for financial support from the charity to benefit **individual or groups of pupils. ** |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The Trustees always adhere to the guidelines as set out in the CC document |
Additional information (optional) You may choose to include further statements where relevant about:
| SORP reference | ||
|---|---|---|
| Policy on grant making | Para 1.38 | Applicants apply in writing for financial support. Where appropriate the applications are supported by the Head teacher. Evidence of spend estimates are required. The Head teacher applies for any resources required by the school. |
| Policy on social investment including program related investment |
Para 1.38 | No applicable |
| Not applicable |
Para 1.38 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 Charities have supported the school with the following:- Educational resources such as books and learning materials. Support given to provide up-to-date IT equipment, software, Ipads etc Financial support is given to ‘vulnerable’ children on the advice of the Head teacher Grants to young people to enable them to buy equipment such as laptops and textbooks when attending higher education. |
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 | The Capital Reserves give support with educational grants and donations. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | Prudent investment enables the charity to support applications throughout the next two year period. Grant applications are considered and supported only if sufficient reserves are maintained. To be in a position to refurbish and maintain properties owned by the charity and reinstate reserves spent. |
| Amount of reservesheld | Para 1.22 | £35496 |
| Reasons for holding zero reserves |
Para 1.22 | Not applicable |
| Details of fund materially in deficit |
Para 1.24 | Not applicable |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | Not applicable |
Additional information (optional)
You may choose to include further statements where relevant about:
The charity’s principal sources of funds (including Para 1.47 any fundraising) Investment policy and objectives including any Para 1.46 social investment policy adopted A description of the principal Para 1.46 risks facing the charity Other
Structure, Governance and Management
| Description of charity’s trusts: |
Herbert Educational Foundation | |
|---|---|---|
| Type of governing document (trust deed,royalcharter) |
Para 1.25 | Charity Commission Scheme, registered **1 December 2003.Case no; 162707 ** |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | Trust |
| 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 appoint a replacement trustee, by considering what skills the person has to offer in relation to the objectives of the charity. |
| Additional information (optional) You may choose to include further statements |
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 | A ‘Trustees Handbook’ giving full details of how the Charities were founded and all current information, e.g., banks, investments, solicitors and advisors etc. |
| 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 | Stretton on Dunsmore Charities |
|---|---|
| Other name the charity uses | HerbertEducational Foundation |
| Registered charitynumber | 507021 |
Charity’s principal address 8A School Lane Stretton on Dunsmore Rugby CV23 9NB
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee(if any) |
|---|---|---|---|---|
| Paul Mabey | Chair | |||
| Rob Kennedy | ||||
| Paul Whitby | ||||
| Barbara Clutton | ||||
| CathyLisztwan | ||||
| Neil Thompson | ||||
| Vanessa Braithwaite | 29 October 2020 | |||
| Victoria Deasley | ||||
– 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
STRETTON CHARITIES
ANNUAL STATEMENT OF ACCOUNTS 2020 (70%)
Balance Year End 2019 Brought Forward
£ 36,063.95
INCOME
EXPENDITURE
| Property Rental Income Land Rental Income excluding Denchwood Denchwood Rent |
27,401.50 £ 3,190.03 £ 875.00 £ |
|
|---|---|---|
| 31,466.53 £ |
||
| Investment Income | 3,986.54 £ |
|
| Bank Interest | 43.48 £ |
|
| Other Income | - £ |
|
| TOTAL INCOME | 35,496.54 £ |
I confirm that these accounts have been prepared in accordance with the underlying accounting records with which there no concerns.
| Education Grants Relief in Need Donations Denchwood Payment |
3,926.18 £ 2,834.84 £ 437.50 £ |
|---|---|
| Property Repairs & Maintenance Land Management Costs Property Refurbishment Other PropertyCosts |
1,145.28 -£ 400.46 £ - £ 1,008.16 £ |
| Administration Estate Agents Fees Bank Charges Transfer to Charles StanleyInvestments |
2,759.67 £ 3,462.52 £ 42.00 £ - £ |
| TOTAL EXPENDITURE 13,726.06 £ |
|
| EXCESS INCOME OVER EXPENDITURE 21,770.48 £ |
|
| Balance Year End December 2020 57,834.43 £ |
Mrs Norma M Elston
7 Roberts Close Stretton on Dunsmore Rugby Warwickshire
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of On accounts for the year ended Charity no (if any) Set out on pages I report to the trustees on my examination of the accounts of the above charity ("the Trust") for the year ended Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report 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 the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. 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: accounting records were not kept in accordan with section 130 of the Act or the accounts do not accord with the accounting records I have no COnrnS and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Please delete the words in the brackets rf they do not apply. Date: Independent examiner's statement Signed: 18ai Name: A EufoAJ Relevant professional qualification(s) or body (if any): Address: EL IER October 2018