## **Trustees' Annual Report for the period** ||Period start date|Period start date|||Period end date|| |---|---|---|---|---|---|---| |**From **|1st|January|2020|**To**|31st
December|2020| ## Section A Reference and administration details **Charity name Other names charity is known by Registered charity number (if any)** 529262 Daniel Gaskell Foundation |**red charity number (if any)**|529262|529262| |---|---|---| |**Charity's principal address**|Contact Address: Meadow View, Haigh Moor Road,|| ||West Ardsley,|| ||West Yorkshire|| ||**Postcode**|WF3 1EJ| **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)**| |---|---|---|---|---| ||Neil Thomas|Chairperson||Trustees of Daniel Gaskell Foundation| ||John McLeod|Vice Chairperson|Vice Chairperson
from 26/02/20|Trustees of Daniel Gaskell Foundation| ||Christine Cudworth|||Trustees of Daniel Gaskell Foundation| ||William Ingham|||HorburyCommon Lands Trust| ||Gillian Chapman|||Westgate Unitarian Chapel, Wakefield| ||Sam Gibbs||Resigned 24/02/20|HorburyAcademy| ||Patricia Howard||Resigned October 2020|Westgate Unitarian Chapel, Wakefield| ||Hannah Walsh|||Trustees of Daniel Gaskell Foundation| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| ## **Names of the trustees for the charity, if any, (for example, any custodian trustees)** **Name Dates acted if not for whole year** March **2012** **TAR** 1 ## **Names and addresses of advisers (Optional information)** |**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**| |---|---|---| |**Type of adviser**
**Name**
**Address**||| |**Clerk to the Foundation**|Martin Milner|Meadow View, Haigh Moor Road, West Ardsley, WF3 1EJ| |||| |||| |||| ## **Name of chief executive or names of senior staff members (Optional information)** ## **Section B Structure, governance and management** ## **Description of the charity’s trusts** Type of governing document Scheme approved by the Charity Commissioners - (eg. trust deed, constitution) Unincorporated association How the charity is constituted - (eg. trust, association, company) Four Trustees nominated by the Trustees of the Westgate Unitarian Trustee selection methods Chapel at Wakefield (eg. appointed by, elected by) One Trustee nominated by Horbury Academy One Trustee nominated by the Trustees of Horbury Common Lands Trust Up to four Co-optative Trustees who are resident in the area of the former Horbury Urban District, appointed by the Trustees of the Daniel Gaskell Foundation. ## **Additional governance issues (Optional information)** You **may choose** to include additional information, where relevant, about: - policies and procedures adopted for the induction and training of trustees; - the charity’s organisational structure and any wider network with which the charity works; - relationship with any related parties; - trustees’ consideration of major risks and the system and procedures to manage them. March **2012** **TAR** 2 ## **Section C Objectives and activities** To provide benefits in kind not normally provided by the local education authority for any school in the area of the former Urban District of Horbury. **Summary of the objects of the** To promote the education of persons under the age of 25 years who are **charity set out in its** or who have a parent resident in the former Urban District of Horbury, by **governing document** providing financial assistance or benefits in kind. Provision of financial assistance to students undertaking university courses or similar, where such students meet the residence and age qualifications of the agreed Scheme. Provision of financial assistance to schools within the area of the former Urban District of Horbury including provision of school prizes. Provision of financial assistance to enable children attending Horbury Academy and meeting the residence requirements of the Scheme to participate in various Outward Bound training. In granting financial assistance the Trustees have regard to the guidance **Summary of the main** issued by the Charity Commission on public benefit and seek to ensure **activities undertaken for the** that all grants are made to persons and bodies which meet the criteria of **public benefit in relation to** the Scheme. **these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)** March **2012** **TAR** 3 **Additional details of objectives and activities (Optional information)** You **may choose** to include further statements, where relevant, about: - policy on grantmaking; - policy programme related investment; - contribution made by volunteers. ## Section D Achievements and performance March **2012** **TAR** 4 ## Section D Achievements and performance **Summary of the main achievements of the charity** 29 students were offered a total of £10,600 to assist with the costs of their education. They were also offered a further £100 each, totalling **during the year** £2,900 - due to Covid-19 and possible loss of earnings from part-time jobs etc. £100 was provided to Horbury Bridge Academy. £6,133 was paid to Outward Bound to help meet the costs of training undertaken as part of training for selected pupils of Horbury Academy. March **2012** **TAR** 5 ## **Section E Financial review** **Brief statement of the charity’s policy on reserves** The Daniel Gaskell Foundation makes grants from its current income and does not hold reserves as such. ## **Details of any funds materially in deficit** ## **Further financial review details (Optional information)** You **may choose** to include additional information, where relevant about: - the charity’s principal sources of funds (including any fundraising); - how expenditure has supported the key objectives of the charity; - investment policy and objectives including any ethical investment policy adopted. Investment Policy The Investment Policy of the Daniel Gaskell Foundation will follow the guidance set out by the Charity Commission in their document “Charities and Investment Matters: A Guide for Trustees” (CC14). In order to continue making charitable donations into the future the Charity requires its funds to continue to produce an income which as a minimum keeps pace with inflation. The Charity therefore seeks to invest all bequests so as to produce income from which donations are made. Whilst a portion of the Charity’s invested funds could be used as they do not form part of the endowed funds, it is not considered generally prudent to do so as it would reduce potential future income. The Charity will seek to minimise risk whilst making sufficient return on its investments to at least keep pace with UK inflation and generate a level of income to meet current requirements (circa £20,000 in 2020). The Charity will reduce investment risk by only dealing with firms which are regulated by the FCA. Charity Commission advice is that collective investment schemes enable charities to diversify their investments and thus reduce their investment risk in a more cost effective way than investing directly in individually selected investments. Common Investment Funds are regulated charities in themselves and provide collective investment schemes where only UK charities can invest. They give charities the ability to invest in a tax efficient way in a range of investments to achieve a professionally managed, diversified and balanced portfolio. The Charity therefore invests its balances in the CCLA COIF fund. The Charity is not required to follow any ethical policy on investment. The CCLA COIF fund follows a socially responsible investment policy and restricts investment in certain areas such as arms and tobacco trade. The performance of investments will be reviewed annually in terms of income generated, capital appreciation and costs. Costs will be compared with those levied by other suppliers of COIF funds. Income will be compared to previous years and also to the Charity’s requirements to meet expenditure. Capital appreciation will be compared to the rate of UK inflation, March **2012** **TAR** 6 the return on Government stocks, the return on UK equities, the return on foreign equities and the return achieved by other COIF funds. Investment decisions will be made by all trustees collectively. ## **Section F Other optional information** ## **Section G Declaration** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s)** **Full name(s)** Martin Milner **Position (eg Secretary, Chair,** Clerk **etc)** **Date** 29/10/2020 March **2012** **TAR** 7 **DANIEL GASKELL FOUNDATION (Incorporating Barrie Wood Froggett and Ernest Steadman bequests)** ## **JOHN WRAY AUGMENTATION** **MORTON DENBY PRIZE FUND DICKINSON CUDWORTH PRIZE FUND GUY POPPLETON FUND** ## **ACCOUNTS** **Year Ending 31st December 2020** **Martin F Milner Clerk to the Foundation** **DANIEL GASKELL FOUNDATION (Incorporating Barrie Wood Froggett and Ernest Steadman bequests) Accounts for the year ending 31st December 2020 JOHN WRAY AUGMENTATION** # **MORTON DENBY PRIZE FUND** # **DICKINSON CUDWORTH PRIZE FUND** # **GUY POPPLETON FUND** ## **ACCOUNTS** **Year Ending 31st December 2020** ## **TRUSTEES:** **(2020)** ## **CHAIRMAN:** Mr N Thomas - Appointed to be a Co-optative Trustee ## **VICE CHAIRMAN:** Mr J McLeod - Appointed to be a Co-optative Trustee ## **TRUSTEES:** Mrs G Chapman - Appointed by Westgate Unitarian Chapel Mr J McLeod - Appointed to be a Co-optative Trustee Mrs C M Cudworth - Appointed to be a Co-optative Trustee Miss S M Gibbs - Appointed as a Nominative Trustee ***** Mrs P Howard - Appointed by Westgate Unitarian Chapel ***** Mr W B Ingham - Appointed by Horbury Educational Foundation Mr N Thomas - Appointed to be a Co-optative Trustee Mrs H Walsh - Appointed to be Co-optative Trustee - Miss S M Gibbs resigned during 2020 - Mrs P Howard resigned during 2020 **CLERK:** Mr Martin F Milner ## **TOTAL FUND BALANCES SUMMARY SHEET** |||**2020**|**2019**|**2018**| |---|---|---|---|---| |**DANIEL GASKELL FOUNDATION**||**£819,330.60**|**£769,019.45**|**£657,242.30**| |**(Incorporating Barrie Wood Froggett and Ernest Steadman bequests)**||||| |**JOHN WRAY AUGMENTATION**||**£68,232.53**|**£63,280.19**|**£53,163.47**| |**MORTON DENBY PRIZE FUND**||**£2,507.70**|**£2,302.02**|**£1,986.81**| |**DICKINSON CUDWORTH PRIZE FUND**||**£15,309.64**|**£14,111.85**|**£11,911.13**| |**GUY POPPLETON FUND**||**£9,011.86**|**£8,382.40**|**£7,081.32**| ||**TOTALS:**|**£914,392.33**|**£857,095.91**|**£731,385.03**| These accounts give a true and fair view of Daniel Gaskell Foundation affairs and have been verified as in accordance with the COIF & bank statements and other relevant information supplied or requested. Dated: 15/10/2020 **(incorporating Barrie Wood Froggett and Ernest Steadman bequests) Accounts for the year ending 31st December 2020** ## **DANIEL GASKELL FOUNDATION** |**Working Fund Balance at 01.01.20:**
**Income:**
Refunds re: Outward Bound
Dividends from Charities Official Investment Fund (COIF)
COIF Deposit Fund Interest
**Payments:**
Ernest Steadman Award
Grant Awards
**Working Fund Balance at 31.12.20:**
**COIF Investment Fund valuation as at 31.12.20:**
**Total Fund Balance at 31.12.20:**
**- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -**|1,059.00
22,839.05
13.98
7,192.00
14,100.00
**- - - - - - -**|£23,338.66
£23,912.03
£47,250.69
21,292.00
**£25,958.69**
*
793,371.91
**£819,330.60**|**2019**
23,338.66
745,680.79
**£769,019.45**|**2018**
24,673.19
632,569.11
**£657,242.30**| |---|---|---|---|---| |||||| **Current Account Bank Reconciliation** |**Balance B/Fwd:**
Current Account Statement at 01.01.20
Refunds re: Outward Bound
Dividend from Charities Official Investment Fund (COIF)
Dividend from COIF
Dividend from COIF
Dividend from COIF
**Payments:**
**2019 Grant cheques presented**- 100788
**2019 Grant cheques reissued**- 100795
2020 Ernest Steadman Award - 100796
**2020 Grant cheques:**
100440
100441
100442
100443
100444
100445
100446
100447
100448
100449
100450
100451
100452
100453
100454
100455
100456
100457
100458
100459
100460
100461
100462
100463
100464
100466
100467
100468
100469
Replacement
100797
Replacement
100798
100799
Replacement
100800
Replacement
100801
**Plus unpresented cheques:**
100445
100446
100450
100464
**Closing Balance:**
Current Account Statement at 31.12.20
**COIF Deposit Account Reconciliation**
**Balance B/Fwd:**
COIF Deposit Account Statement at 01.01.20
**Income:**
Interest (Jan-Mar)
Interest (Apr - Jun)
Interest (Jul - Sep)
Interest (Oct - Dec)
**Payments:**
None
**Closing Balance:**
COIF Deposit Account Statement at 31.12.20
**Bank Account Balances (Current a/c + COIF Deposit a/c) at 31.12.20:**
100750|1,059.00
5,497.23
5,809.97
5,809.97
5,721.88
500.00
200.00
500.00
7,192.00
500.00
500.00
0.00 ◇
600.00
300.00
500.00
500.00
600.00
500.00
500.00
500.00
500.00
300.00
400.00
500.00
500.00
300.00
0.00 ◇
400.00
500.00
400.00
300.00
600.00 ◇
300.00
500.00
600.00
400.00
0.00 ◇
600.00
400.00 ◇
500.00 ◇
600.00
0.00 ◇
500.00
500.00
500.00
500.00
500.00
7.80
4.42
1.59
0.17|£20,716.96
23,898.05
£44,615.01
(22,492.00)
2,000.00
**£24,123.01**
*****
£5,321.70
13.98
5,335.68
**£5,335.68**
**£29,458.69**
*****| |---|---|---| > ◇ **There were a number of cheques that had to be replaced due to poor scanning quality at branches where they were paid in. I have set the original cheque values to zero - apart from 100462 which was replaced by 100800 but then subsequently represented and went through. 100800 was not cashed. *See calculation below to explain the £3,500.00 difference between Current & Deposit Account total balances and Working Fund balance:** |Current Account closing balance:|**24,123.01**| |---|---| |2017 unpresented - 100209|**(500.00)**| |less unpresented or unsent (from 2019) cheques|**(3,000.00)**| |Subtotal:|**20,623.01**| |Plus COIF Deposit Account closing balance:|**5,335.68**| |Total Working Fund balance at 31.12.20:|**25,958.69** *| ## **DANIEL GASKELL FOUNDATION** ## **John Wray Augmentation Accounts for the year ending 31st December 2020** |**Working Fund Balance at 01.01.20:**
**Income:**
Dividends from Charities Official Investment Fund (COIF)
**Payments:**
Clerk's Salary to 13/02/20
£600.00
**Working Fund Balance at 31.12.20:**
**COIF valuation as at 31.12.20:**
**Total Fund Balance at 31.12.20:**
**- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -**
**Bank Reconciliation**
**Balance B/Fwd:**
Current Account Statement at 01.01.20
**Income:**
Dividend from Charities Official Investment Fund (COIF)
£432.76
Dividend from COIF
457.38
Dividend from COIF
457.38
Dividend from COIF
450.44
**Payments:**
Admin Invoice to 13/02/20 - 100061
600.00
**Closing Balance:**
Current Account Statement at 31.12.20|£4,578.06
£1,797.96
£6,376.02
(600.00)
**£5,776.02**
62,456.51
**£68,232.53**
£4,578.06
1,797.96
£6,376.02
(600.00)
**£5,776.02**|**2019**
£4,578.06
58,702.13
**£63,280.19**|**2018**
£3,365.82
49,797.65
**£53,163.47**| |---|---|---|---| ||||| ## **DANIEL GASKELL FOUNDATION** ## **Morton Denby Prize Fund Accounts for the year ending 31st December 2020** |**Working Fund Balance at 01.01.20:**
**Income:**
Dividends from Charities Official Investment Fund (COIF)
£66.56
Interest earned on Bank Account
0.13
**Payments:**
None
**Working Fund Balance at 31.12.19:**
**COIF valuation as at 31.12.19:**
**Total Fund Balance at 31.12.19:**
**- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -**
**Bank Reconciliation**
**Balance B/Fwd:**
Current Account Statement at 01.01.20
Dividend from Charities Official Investment Fund (COIF)
£16.02
Dividend from COIF
16.93
Dividend from COIF
16.93
Dividend from COIF
16.68
Interest earned on Bank Account
0.13
**Payments:**
None - no prize giving during pandemic
**Closing Balance:**
Current Account at 31.12.20|£128.71
66.69
£195.40
0
**£195.40**
2,312.30
**£2,507.70**
£128.71
66.69
£195.40
0
**£195.40**|**2019**
£128.71
2,173.31
**£2,302.02**|**2018**
£143.17
1,843.64
**£1,986.81**| |---|---|---|---| ||||| ## **DANIEL GASKELL FOUNDATION** ## **Dickinson Cudworth Prize Fund Accounts for the year ending 31st December 2020** |**Working Fund Balance at 01.01.20:**
**Income:**
Dividends from Charities Official Investment Fund (COIF)
£387.41
Interest earned on Bank Account
1.43
**Payments:**
None
£0.00
**Working Fund Balance at 31.12.20:**
**COIF valuation as at 31.12.20:**
**Total Fund Balance at 31.12.20:**
**- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -**
**Bank Reconciliation**
**Balance B/Fwd:**
Current Account Statement at 01.01.20
**Income:**
Dividend from Charities Official Investment Fund (COIF)
£93.25
Dividend from COIF
98.55
Dividend from COIF
98.55
Dividend from COIF
97.06
Interest earned on Bank Account
1.43
**Payments:**
None - no prize giving during pandemic
£0.00
**Closing Balance:**
Current Account at 31.12.20|£1,463.40
388.84
£1,852.24
0
**£1,852.24**
13457.40
**£15,309.64**
£1,463.40
388.84
£1,852.24
0
**£1,852.24**|**2019**
£1,463.40
12648.45
**£14,111.85**|**2018**
£1,181.31
10729.82
**£11,911.13**| |---|---|---|---| ||||| ## **DANIEL GASKELL FOUNDATION** **Guy Poppleton Fund Accounts for the year ending 31st December 2020** |**Working Fund Balance at 01.01.20:**
**Income:**
Dividends from Charities Official Investment Fund (COIF)
£235.94
Interest earned on Bank Account
0.85
**Payments:**
Horbury Bridge Academy
£100.00
**Working Fund Balance at 31.12.20:**
**COIF valuation as at 31.12.20:**
**Total Fund Balance at 31.12.20:**
**- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -**
**Bank Reconciliation**
**Balance B/Fwd:**
Current Account Statement at 01.01.20
**Income:**
Dividend from Charities Official Investment Fund (COIF)
£56.79
Dividend from COIF
60.02
Dividend from COIF
60.02
Dividend from COIF
59.11
Interest earned on Bank Account
0.85
**Payments:**
2019, Horbury Primary Academy - 100044
100.00
Horbury Bridge Academy - 100045
100.00
**Closing Balance:**
Current Account Statement at 31.12.20|£679.16
236.79
£915.95
(100.00)
*****
**£815.95**
*
8,195.91
**£9,011.86**
£879.16
236.79
£1,115.95
(200.00)
£915.95
*****|**2019**
0.00
7,703.24
**£7,703.24**|**2018**
£779.16
6,534.74
**£7,313.90**| |---|---|---|---| ||||| |***See calculation below to explain the £100.00 differe**
Current Account closing balance:
less 2018 unpresented cheque
Total Working Fund balance at 31.12.20:|**nce between Current Account balance and Working Fund balance:**
**915.95**
**(100.00)**
**815.95 ***| |---|---|