Trustees’ Annual Report for the period
From 1[st] April 2023 Period start date To 31[st] March 2024 Period end date
Charity name: Chesterfield School Foundation
Charity registration number: 0527170
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The objects of the Charity are: 1) to promote education by the provision of equipment and other items, services and facilities for any secondary school in the former Borough of Chesterfield as it subsisted immediately prior to 1st April 1974; 2) to promote in either of the following ways as the Council shall fit, either generally or individually, the education (including social and physical training) of persons over 11 years of age but who have not attained the age of 25 years, who are in need of financial assistance and who are attending or have attended a school in the said former Borough:- i) by awarding to such persons scholarships, exhibitions, bursaries, maintenance allowances or grants tenable at any school, university, college of education, or other institution of further (including professional and technical) education approved for the purpose by the Council; ii) by providing financial assistance, outfits, clothing, tools, instruments or books to assist such persons to pursue their education (including the study of music and other arts), to undertake travel in furtherance thereof, or to prepare for or enter a profession, trade, occupation or service on leaving school, university, or other educational establishment. In respect of land identified in the Scheme, this is appropriated by the Council for the purposes of an academy. |
| Summary of the main | Para 1.17 and 1.19 |
The Charity accepts requests for funding |
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| activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
that fall within its objects and in considering such requests has regard to the guidance on public benefit issued by the Charity Commission. |
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|---|---|---|
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The Charity accepts requests for funding that fall within its objects and in considering such requests has regard to the guidance on public benefit issued by the Charity Commission. |
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 Para 1.38 Contribution made by volunteers Other
Achievements and Performance
SORP reference
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Summary of the main Para 1.20 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.
Additional information (optional)
You may choose to include further statements where relevant about:
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Achievements against Para 1.41
objectives set
Performance of fundraising
activities against objectives Para 1.41
set
Investment performance Para 1.41
against objectives
Other
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Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The Charity’s funds have increased by £21,205 in the year to 31 March 2024. The only significant difference in income and expenditure in 2024-25 compared to 2023- 24 was a £20,517 gain in the value of its investments (2023-24: £18,247 loss). At the 31 March 2024 £44,294 was held as restricted cash funds (31 March 2023: £37,797) and £287,492 as endowment funds (31 March 2023: £272,784). |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The Charity’s reserves are to be used in meeting the proper costs of administering the Charity, furthering the objects of the Charity and managing its assets. |
| Amount of reserves held | Para 1.22 | |
| 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 | The Charity was one of 47 educational charities for which the Council was sole trustee. Some of these charities were nominal in value with an annual income of only a few pounds and some were established for purposes or beneficiaries which no longer exist. The Council’s Cabinet on 23rdApril 2020 approved the transfer of the management the majority of these charities, including Chesterfield School Foundation, using the Revitalising Trusts Programme, to Derbyshire Community Foundation (operating as Foundation Derbyshire). The process of transferring the trusts has begun. |
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
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risks facing the charity Other CONTROLLED
Structure, Governance and Management
| Description of charity’s trusts: |
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|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Charity Commission Scheme |
| 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 | Appointed by Scheme |
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 |
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|---|---|---|
| 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 | Chesterfield School Foundation |
|---|---|
| Other name the charity uses | Chesterfield School |
| Registered charity number | 0527170 |
| Charity’s principal address | Derbyshire County Council County Hall Smedley Street Matlock DE4 3AG |
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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) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Derbyshire County Council |
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– 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
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Funds held as custodian trustees on behalf of others
Description of the assets N/A held in this capacity
Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects
Details of arrangements for N/A 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
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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) Mary Fairman
Position (eg Secretary, Solicitor and Authorised Officer Chair, etc)
Date 06/02/2025
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Charity Name No (if any) Chesterfield Schools Foundation 0527170
Receipts and payments accounts
For the period Period start date Period end date To from 4/1/2023 3/31/2024
Section A Receipts and payments
| Section A Receipts and payments | |||
|---|---|---|---|
| A1 Receipts Interest - - Revaluation of Investments - - - - - - - A2 Asset and investment sales, (see table). - - Sub total - Total receipts - A3 Payments Revaluation of Investments - Derbyshire Foundation Trust Core Costs - - - - - - - - Sub total - A4 Asset and investmentpurchases, (see table) - - Sub total - Total payments - Net of receipts/(payments) - A5 Transfers between funds - A6 Cash funds last year end - Cash funds this year end - Unrestricted funds to the nearest £ Sub total(Gross income for AR) |
to the nearest £ - - - - - - - - - - - - - - 5,444 - - - - - - - 5,444 - - - 5,444 - 5,444 16,333 14,330 25,219 Restricted funds |
to the nearest £ Endowment funds |
Total funds to the nearest £ |
| 10,524 - 20,517 - - - - - 31,041 |
10,524 | ||
| - | |||
| 20,517 | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| 31,041 | |||
| - - - |
- | ||
| - | |||
| - | |||
| 31,041 | |||
| 31,041 | |||
| - - - - - - - - - - |
- | ||
| 5,444 | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| 5,444 | |||
| - - - |
- | ||
| - | |||
| - | |||
| - | 5,444 | ||
| - 5,444 | 31,041 - 16,333 272,784 287,492 |
25,597 | |
| 16,333 | - | ||
| 14,330 | 287,114 | ||
| 25,219 | 312,711 |
Section B Statement of assets and liabilities at the end of the period
| Categories B1 Cash funds B2 Other monetary assets B3 Investment assets B4 Assets retained for the charity’s own use B5 Liabilities |
Details Bank Account Details Details Details Details Total cash funds (agree balances with receipts and payments account(s)) Hurst House, Abercrombie Street, Chesterfield Part of the Brookfield Community School site |
to nearest £ - - - - OK to nearest £ - - - - - - Unrestricted funds Unrestricted funds Fund to which asset belongs Fund to which asset belongs Fund to which liability relates |
to nearest £ Restricted funds |
|---|---|---|---|
| 25,219 | |||
| - | |||
| - | |||
| 25,219 | |||
| OK | |||
| to nearest £ Restricted funds |
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| Cost (optional) | |||
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| Amount due (optional) |
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Signed by one or two trustees on behalf of all the trustees
Signature
Print Name
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CC16a
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Last year
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to the nearest £
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-
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Endowment funds to nearest £ 287,492 - - 287,492
OK
Endowment funds to nearest £ - - - - - -
Current value (optional)
Current value (optional)
When due (optional)
Date of approval
Account Name Capital Opening Fund Valuation Transfer of Funds from Derbyshire County Council Capital Endowment Donations Received Capital Valuation Variance Capital Tax Reclaim Capital Bank Interest & Dividends transfer to Income account Capital Distributed Income Capital Total Value of Fund Income Surplus b/f transfer from Capital account Income Accumulated Income Income Net Core Costs Income Surplus for Grant Distribution at 31 Marc
Accounts provided by Foundation Derbyshire
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| Amount | Category | FS Line | |
|---|---|---|---|
| -272,784 | Cash B/f | A6 Cash funds last year end | I have adjusted for the trivial £16 |
| Receipts | A5 Transfers between funds | ||
| -20,517 | Receipts | Revaluation of Investments | |
| 0 | Receipts | ||
| -10,524 | Receipts | Interest | |
| 16,333 | Cash Tfr | transfer to Income account | I have adjusted for the trivial £16 |
| 287,492 | Cash C/f | Bank Account | |
| -14,330 | Cash B/f | A6 Cash funds last year end | |
| -16,333 | Cash Tfr | transfer from Capital account | |
| 5,444 | Payments | Derbyshire Foundation Trust Core Costs | |
| 25,219 | Cash C/f | Bank Account | |
| 0 |
Full Yr 22/23 17011 Capital - di 16847 Income - a -164 Full Yr 23/24 16497 Capital - di 16333 Income - a -164
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64 differences below
64 differences below
istributed income ccumulated income
istributed income ccumulated income
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Check Totals
| R&P Account | Ledger | Difference | |||
|---|---|---|---|---|---|
| Total Payments | 5,444.00 | 5,444.00 | 0.00 | ||
| Total Receipts | 31,041.00 | -31,041.00 | 0.00 | ||
| Cash Funds Last Year End | 287,114.00 | -287,114.00 | 0.00 | ||
| Cash Funds This Year End | 312,711.00 | 312,711.00 | 0.00 |
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check closing bal R&P Account 312,711.00 0.00
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Indep¢ndent Examln•r'• Report to the Trusts• of ChMt&rfield Schools Foundatlon I report to the charity Iruslee on my examination of tho wjunls of the charily for the year ended 31 March 2024 which ar• sel out on the follobwng pages. Re8pon8lblllllgJ and ba81• of rèport As the th8rity's trustee you are Sponsible for the preparation of the aeeounts in aArdance with the raqulrement8 01 the Charitie6 Act 2011 I'the Act'l. I report in reBpect of my examination ol th8 charity's accounts carrled out under section 145 of the Act and In carrying out my examlnalion I h8v8 followed all the applicabl• Dir8¢tion$ given by the Charfty CoMms1On under ¥ectlon 14515llbl of the Act. Ind•pond•nt •xamIn•¥ •tat•monl I have cornpleted my Éxamlnalion. I conflrm Ihal no materfa1 rnatters have come to my atlenJon In connectlon with the examination givlng me cau8e lo believe that in any malerial respect.. o¢counbng recor¢J8 w•r8 nol kept in respect of Ihe charity Bs requirèd by 8eclion 130 01 the Acl.. or the accounlG do nol 8c¢ord wllh those records,. or the accounts do not comply with Ihe applicabl8 r8quSr¢m¢nls Concernlng the form and nIent of accoun18 sel out In thè Ch8rtlle$ (Accounts and Reports) Regulations 2008 other than any reqtsiremènt th81 the acunts give a'tNe and fair view, whh is not o maller considered aB part ol an independent eygmln8110n. I havts no conc•rns and have colne acr05B no other rnalters in connectlon with the examination to which allenll hould to drgwn in thi8 report in order lo enable a propar understanding of the accounts to be igached. Stephen Allen ACA FCCA Allen, We818nd Foster Chartered A(£ount8nt8 Omega Court 364-388 C8mel&ry Road Sheffield S118FT 7 March 2025