## **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| CONTROLLED |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.| |---|---|---| |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 CONTROLLED 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: **----- Start of picture text -----**
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
**----- End of picture text -----**
CONTROLLED ## **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 CONTROLLED risks facing the charity Other CONTROLLED ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |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|| |---|---|---| |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| ||| CONTROLLED ## **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|||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| ## – 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** CONTROLLED ## **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** CONTROLLED ## **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 CONTROLLED **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**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Cost (optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Cost (optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Amount due**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| Signed by one or two trustees on behalf of all the trustees Signature Print Name **----- Start of picture text -----**
CC16a
**----- End of picture text -----**
**----- Start of picture text -----**
Last year
**----- End of picture text -----**
**to the nearest £** **----- Start of picture text -----**
-
-
-
-
-
-
-
-
-
**----- End of picture text -----**
**----- Start of picture text -----**
-
-
-
**----- End of picture text -----**
**-** **-** **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 _x000D_# CONTROLLED |**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 _x000D_# CONTROLLED ## 64 differences below ## 64 differences below istributed income ccumulated income istributed income ccumulated income _x000D_# CONTROLLED ## **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| _x000D_# CONTROLLED check closing bal R&P Account 312,711.00 0.00 _x000D_# CONTROLLED 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 a￿Ardance 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 CoMm￿s1On 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 ac￿unts give a'tNe and fair view, wh￿h 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