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Trustees' Annual Report for the period

Period start date Period end date 1st January 2021 31st December 2021 From To

Section A Reference and administration details

Charity name Other names charity is known by Registered charity number (if any) 529262

The Daniel Gaskell Foundation

,Charity's principal address

Meadow View, Haigh Moor Road West Ardsley West Yorkshire Postcode WF3 1EJ

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Name of person (or body) entitled to appoint trustee (ifany)
Neil Thomas	Chairperson	Trustees of Daniel Gaskell Foundation
John McLeod	Vice Chairperson	Trustees of Daniel Gaskell Foundation
Christine Cudworth		Trustees of Daniel Gaskell Foundation
William Ingham		HorburyCommon Lands Trust
Gillian Chapman		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

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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

Scheme approved by the Charity Commissioners Type of governing document (eg. trust deed, constitution) Unincorporated association How the charity is constituted (eg. trust, association, company) Two 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 six 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.

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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 for the 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)

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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

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Section D Achievements and performance

Summary of the main 28 students were awarded a total of £10,200 to assist with the costs of achievements of the charity their education. during the year

Other areas of activity which the charity has supported in recent years were suspended due to Covid.

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Section E Financial review

Brief statement of the charity’s policy on reserves

The 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 £21,000 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,

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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 26/10/2021

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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 2021

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 2021

TRUSTEES:

(2021)

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 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

Mr Martin F Milner

CLERK:

TOTAL FUND BALANCES SUMMARY SHEET

	2021	2020	2019
DANIEL GASKELL FOUNDATION	£946,443.41	£819,330.60	£769,019.45
(Incorporating Barrie Wood Froggett and Ernest Steadman bequests)
JOHN WRAY AUGMENTATION	£78,025.94	£68,232.53	£63,280.19
MORTON DENBY PRIZE FUND	£2,869.32	£2,507.70	£2,302.02
DICKINSON CUDWORTH PRIZE FUND	£17,414.24	£15,309.64	£14,111.85
GUY POPPLETON FUND	£9,791.78	£9,011.86	£8,382.40
	TOTALS:£1,054,544.69	£914,392.33	£857,095.91

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: 22/10/2022

DANIEL GASKELL FOUNDATION

(incorporating Barrie Wood Froggett and Ernest Steadman bequests) Accounts for the year ending 31st December 2021

Working Fund Balance at 01.01.21: Income: Refund from Outward Bound Dividends from Charities Official Investment Fund (COIF) COIF Deposit Fund Interest Payments: Ernest Steadman Award Grant Awards Working Fund Balance at 31.12.21: COIF Investment Fund valuation as at 31.12.21: Total Fund Balance at 31.12.21: - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	1,476.00 23,292.75 0.60 0.00 10,200.00 - - - - - - -	£25,958.69 £24,769.35 £50,728.04 10,200.00 £40,528.04 905,915.37 £946,443.41*	2020 25,958.69 793,371.91 £819,330.60	2019 23,338.66 745,680.79 £769,019.45

Current Account Bank Reconciliation

Balance B/Fwd:
Current Account Statement at 01.01.21
Refunds re: Outward Bound
1,476.00
Dividend from Charities Official Investment Fund (COIF)
5,721.88
Dividend from COIF
5,809.97
Dividend from COIF
5,809.97
Dividend from COIF
5,950.93
Payments:
2020 Grant cheques presented
2,000.00
2021 Grant cheques:
100802
300.00
100803
500.00
100804
300.00
100805
300.00
100806
300.00
100807
500.00
100808
500.00
100809
500.00
100810
300.00
100811
300.00 *
100812
400.00
100813
300.00
100814
200.00
100815
300.00
100816
200.00
100817
300.00
100818
500.00
100819
500.00
100820
500.00
100470
400.00
100471
300.00
100472
400.00
100473
400.00
100474
200.00
100475
500.00
100476
300.00
100477
400.00
100478
300.00
Plus 2021 Unpresented cheques above ()
Closing Balance:
Current Account Statement at 31.12.21
COIF Deposit Account Reconciliation
Balance B/Fwd:
COIF Deposit Account Statement at 01.01.21
Income:
Interest (Jan-Mar)
0.14
Interest (Apr - Jun)
0.14
Interest (Jul - Sep)
0.16
Interest (Oct - Dec)
0.16
Payments:
None
Closing Balance:
COIF Deposit Account Statement at 31.12.21
Bank Account Balances (Current a/c + COIF Deposit a/c) at 31.12.21:
See calculation below to explain the £2,500.00 difference between Current & Deposit Account
Current Account closing balance:
37,691.76
2017 unpresented - 100209
(500.00)
less unpresented (2021) or unsent (2019) cheques
(2,000.00)
Subtotal:
35,191.76
Plus COIF Deposit Account closing balance:
5,336.28
Total Working Fund balance at 31.12.21:
40,528.04 *

£24,123.01
24,768.75
£48,891.76
(12,200.00)
1,000.00
£37,691.76
*
£5,335.68
0.60
5,336.28
£5,336.28
£43,028.04

*total balances

*See calculation below to explain the £2,500.00 difference between Current & Deposit Account total balances and Working Fund balance:

DANIEL GASKELL FOUNDATION

John Wray Augmentation Accounts for the year ending 31st December 2021

Working Fund Balance at 01.01.21: Income: Dividends from Charities Official Investment Fund (COIF) Payments: Admin Invoice to 13/02/21 £600.00 Auditor (2018-2020) 300.00 Working Fund Balance at 31.12.21: COIF valuation as at 31.12.21: Total Fund Balance at 31.12.21:	£5,776.02 £1,833.67 £7,609.69 (900.00) £6,709.69 71,316.25 £78,025.94	2020 £5,776.02 62456.51 £68,232.53	2019 £4,578.06 58,702.13 £63,280.19

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Bank Reconciliation Balance B/Fwd: Current Account Statement at 01.01.21 Income: Dividend from Charities Official Investment Fund (COIF) £450.44 Dividend from COIF 457.38 Dividend from COIF 457.38 Dividend from COIF 468.47 Payments: Admin Invoice to 13/02/21 - 100062 600.00 Auditor (2018-2020) - 100062 300.00 Closing Balance: Current Account Statement at 31.12.21	£5,776.02 1,833.67 £7,609.69 (900.00) £6,709.69

DANIEL GASKELL FOUNDATION

Morton Denby Prize Fund Accounts for the year ending 31st December 2021

Working Fund Balance at 01.01.21: Income: Dividends from Charities Official Investment Fund (COIF) £33.61 Interest earned on Bank Account 0.00 Payments: None Working Fund Balance at 31.12.21: COIF valuation as at 31.12.21: Total Fund Balance at 31.12.21: - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Bank Reconciliation Balance B/Fwd: Current Account Statement at 01.01.21 Dividend from Charities Official Investment Fund (COIF) £16.68 Dividend from COIF 16.93 Payments: None - no prize giving during pandemic Closing Balance: NB Account closed and balance transferred to Main Account. Fund Balance at 31.12.21:	£195.40 33.61 £229.01 0 £229.01 2,640.31 £2,869.32 £195.40 33.61 £229.01 0 £229.01	2020 £195.40 2,312.30 £2,507.70	2019 £128.71 2,173.31 £2,303.02

DANIEL GASKELL FOUNDATION Dickinson Cudworth Prize Fund Accounts for the year ending 31st December 2021

Working Fund Balance at 01.01.20: Income: Dividends from Charities Official Investment Fund (COIF) £195.61 Payments: None £0.00 Working Fund Balance at 31.12.21: COIF valuation as at 31.12.21: Total Fund Balance at 31.12.21: - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Bank Reconciliation Balance B/Fwd: Current Account Statement at 01.01.21 Income: Dividend from Charities Official Investment Fund (COIF) £97.06 Dividend from COIF 98.55 Payments: None - no prize giving during pandemic £0.00 Closing Balance: NB Account closed and balance transferred to Main Account. Fund Balance at 31.12.21:	£1,852.24 195.61 £2,047.85 0 £2,047.85 15366.39 £17,414.24 £1,852.24 195.61 £2,047.85 0 £2,047.85	2020 £1,852.24 13457.40 £15,309.64	2019 £1,463.40 12648.45 £14,111.85

DANIEL GASKELL FOUNDATION

Guy Poppleton Fund Accounts for the year ending 31st December 2021

Working Fund Balance at 01.01.21: Amendment to Working Fund Balance - 2018 unpresented cheque written off Income: Dividends from Charities Official Investment Fund (COIF) £119.13 Payments: None £0.00 Working Fund Balance at 31.12.21: COIF valuation as at 31.12.21: Total Fund Balance at 31.12.21: - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Bank Reconciliation Balance B/Fwd: Current Account Statement at 01.01.21 Income: Dividend from Charities Official Investment Fund (COIF) £59.11 Dividend from COIF 60.02 Payments: None 0.00 Closing Balance: NB Account closed and balance transferred to Main Account. Fund Balance at 31.12.21:	£815.95 100.00 915.95 119.13 £1,035.08 0 £1,035.08 8,756.70 £9,791.78 £915.95 119.13 £1,035.08 0 £1,035.08	2019 £679.16 7,703.24 £8,382.40	2018 £779.16 6,534.74 £7,313.90

2021-12-31-accounts

Trustees' Annual Report for the period

Section A Reference and administration details

Names and addresses of advisers (Optional information)

Name of chief executive or names of senior staff members (Optional information)

Section B Structure, governance and management

Description of the charity’s trusts

Additional governance issues (Optional information)

Section C Objectives and activities

Additional details of objectives and activities (Optional information)

Section D Achievements and performance

Section E Financial review

Further financial review details (Optional information)

Section F Other optional information

Section G Declaration

JOHN WRAY AUGMENTATION

ACCOUNTS

DANIEL GASKELL FOUNDATION

MORTON DENBY PRIZE FUND

DICKINSON CUDWORTH PRIZE FUND

GUY POPPLETON FUND

ACCOUNTS

TRUSTEES:

CHAIRMAN:

VICE CHAIRMAN:

TRUSTEES:

TOTAL FUND BALANCES SUMMARY SHEET

DANIEL GASKELL FOUNDATION

(incorporating Barrie Wood Froggett and Ernest Steadman bequests) Accounts for the year ending 31st December 2021

DANIEL GASKELL FOUNDATION

DANIEL GASKELL FOUNDATION

Morton Denby Prize Fund Accounts for the year ending 31st December 2021

DANIEL GASKELL FOUNDATION Dickinson Cudworth Prize Fund Accounts for the year ending 31st December 2021

DANIEL GASKELL FOUNDATION

Guy Poppleton Fund Accounts for the year ending 31st December 2021