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Trustees' Annual Report for the period

	Period start date	Period start date			Period end date
From	1st	January	2022	To	31st December	2022

Section A

Reference and administration details

Charity name

The Daniel Gaskell Foundation

Other names charity is known by

Registered charity number (if any) 529262

,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)	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
Hannah Walsh	Vice Chairperson		Trustees of Daniel Gaskell Foundation
Christine Cudworth			Trustees of Daniel Gaskell Foundation
William Ingham			HorburyCommon Lands Trust
Gillian Chapman		Jan 1 to Apr 5	Westgate Unitarian Chapel, Wakefield
Hannah Walsh			Trustees of Daniel Gaskell Foundation
Lucia Allum		Apr 5 to Dec 31	Trustees of Daniel Gaskell Foundation
Cate Withers		Apr 5 to Dec 31	Trustees of Daniel Gaskell Foundation
Ali Scott		Apr 5 to Dec 31	Westgate Unitarian Chapel, Wakefield
Gillian Scott		Apr 5 to Dec 31	Westgate Unitarian Chapel, Wakefield
Andrew Patterson		Oct 26 to Dec 31	Trustees of Daniel Gaskell Foundation
Chris Sergeant		Jan 1 to Oct 26	Horbury Academy
John Mcleod		Jan 1 to Feb 14	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 erformance p

Summary of the main 2 2 students were awarded a total of £ 9,500 to assist with the costs of achievements of the charity their education. during the year

6 candidates were sponsored to attend Outward Bound courses at a total cost of £4,038.

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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 2 7 /10/202 2

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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 2022

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 2022 JOHN WRAY AUGMENTATION

MORTON DENBY PRIZE FUND

DICKINSON CUDWORTH PRIZE FUND GUY POPPLETON FUND

ACCOUNTS

Year Ending 31st December 2022 TRUSTEES:

(2022)

CHAIRMAN:

Mr N Thomas - Appointed to be a Co-optative Trustee

VICE CHAIRMAN:

Mrs H Walsh - 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 C Sergeant - Appointed by Horbury Academy * Mr A Scott - Appointed by Westgate Unitarian Chapel Mrs G Scott - Appointed by Westgate Unitarian Chapel Mrs L Allum - Appointed to be a Co-optative Trustee Ms C Withers - Appointed to be a Co-optative Trustee

Mr C Sergeant's Trustee position was ended during 2022
Mrs G Chapman resigned during 2022
Mr J McLeod resigned during 2022

CLERK:

Mr Martin F Milner

TOTAL FUND BALANCES SUMMARY SHEET

	2022	2021	2020
DANIEL GASKELL FOUNDATION	£856,743.93	£946,443.41	£819,330.60
(Incorporating Barrie Wood Froggett and Ernest Steadman bequests)
JOHN WRAY AUGMENTATION	£78,025.94	£78,025.94	£68,232.53
MORTON DENBY PRIZE FUND	£2,631.98	£2,869.32	£2,507.70
DICKINSON CUDWORTH PRIZE FUND	£16,032.91	£17,414.24	£15,309.64
GUY POPPLETON FUND	£9,552.34	£9,791.78	£9,011.86
TOTALS:	£962,987.10	###########	£914,392.33

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: 01/06/2023

(incorporating Barrie Wood Froggett and Ernest Steadman bequests) Accounts for the year ending 31st December 2022

DANIEL GASKELL FOUNDATION

Working Fund Balance at 01.01.22: Income: Refund from Outward Bound Dividends from Charities Official Investment Fund (COIF) COIF Deposit Fund Interest Payments: Bank Charges Auditor's Fee Ernest Steadman Award Grant Awards Working Fund Balance at 31.12.22: COIF Investment Fund valuation as at 31.12.22: Total Fund Balance at 31.12.22:	669.00 24,626.30 52.06 76.20 100.00 0.00 9,500.00	£40,528.04 £25,347.36 £65,875.40 9,676.20 £56,199.20 800,544.73 £856,743.93*	2021 2020 40,528.04 25,958.69 905,917.37 793,371.91 £946,443.41 £819,330.60

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

Current Account Bank Reconciliation

Balance B/Fwd:
Current Account Statement at 01.01.22
Refunds re: Outward Bound
669.00
Dividend from Charities Official Investment Fund (COIF)
6,135.02
Dividend from COIF
6,135.02
Dividend from COIF
6,135.02
Dividend from COIF
6,221.24
Payments:
2021 Grant cheques presented:
1,000.00
2022 Grant cheques:
100479
500.00
100480
500.00
100481
400.00
100482
400.00
100483
500.00
100484
500.00 *
100485
500.00
100486
500.00
100487
500.00
100488
400.00
100489
500.00
100490
500.00
100491
500.00
100492
200.00
100493
500.00
100494
400.00
100495
400.00
100496
300.00
100497
100.00
100498
400.00
100499
500.00
100500
500.00
Bank charges:
76.20
Auditor's Fee:
100501
100.00
Plus 2022 Unpresented cheques above ()
Closing Balance:
Current Account Statement at 31.12.22
COIF Deposit Account Reconciliation
Balance B/Fwd:
COIF Deposit Account Statement at 01.01.22
Income:
Interest (Jan-Mar)
1.78
Interest (Apr - Jun)
7.68
Interest (Jul - Sep)
14.53
Interest (Oct - Dec)
28.07
Payments:
None
Closing Balance:
COIF Deposit Account Statement at 31.12.22
Bank Account Balances (Current a/c + COIF Deposit a/c) at 31.12.22:

£37,691.76
25,295.30
£62,987.06
(10,676.20)
2,400.00
£54,710.86
*
£5,336.28
52.06
5,388.34
£5,388.34
£60,099.20
***

*See calculation below to explain the £3,900.00 difference between Current & Deposit Account total balances and Working Fund balance:

Current Account closing balance:	54,710.86
2017 unpresented - 100209	(500.00)
less unpresented (2022) or unsent (2019) cheques	(3,400.00)
Subtotal:	50,810.86
Plus COIF Deposit Account closing balance:	5,388.34
Total Working Fund balance at 31.12.22:	56,199.20 *

DANIEL GASKELL FOUNDATION

John Wray Augmentation