## **Trustees' Annual Report for the period** ||Period start date|Period start date|||Period end date|| |---|---|---|---|---|---|---| |**From **|1st|January|2024|**To**|31st
December|2024| ## 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** |1
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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| ||Hannah Walsh|Vice Chairperson||Trustees of Daniel Gaskell Foundation| ||Christine Cudworth|||Trustees of Daniel Gaskell Foundation| ||Steve Brook||Mar 24toDec 31|Horbury Common Lands Trust| ||Lucia Allum|||Trustees of Daniel Gaskell Foundation| ||Andrew Patterson|||Trustees of Daniel Gaskell Foundation| ||Cate Withers|||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** **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** 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) One Trustee nominated by the Trustees of Horbury Common Lands Trust Trustee selection methods Up to nine Co-optative Trustees who are resident in the area of the (eg. appointed by, elected by) 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. **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 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)** **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 **TAR** 4 ## Section D ## Achievements and erformance p **Summary of the main** 36 students were awarded a total of £ 16,400 to assist with the costs **achievements of the charity** of their education. **during the year** 7 candidates were sponsored to attend Outward Bound courses at a total cost of £2,540. **TAR** 5 ## **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, **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** 31 /10/20 25 **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 2024** **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 2024 JOHN WRAY AUGMENTATION** # **MORTON DENBY PRIZE FUND** # **DICKINSON CUDWORTH PRIZE FUND GUY POPPLETON FUND** # **ACCOUNTS** **Year Ending 31st December 2024** ## **TRUSTEES:** **(2024)** ## **CHAIRMAN:** Mr N Thomas - Appointed to be a Co-optative Trustee ## **VICE CHAIRMAN:** Mrs H Walsh - Appointed to be a Co-optative Trustee ## **TRUSTEES:** Mr N Thomas - Appointed to be a Co-optative Trustee Mrs C M Cudworth - Appointed to be a Co-optative Trustee Mrs H Walsh - Appointed to be Co-optative Trustee Mrs L Allum - Appointed to be a Co-optative Trustee Ms C Withers - Appointed to be a Co-optative Trustee Mr A Patterson - Appointed to be a Co-optative Trustee Mr S W Brook - Appointed by Horbury Common Lands Trust ## **CLERK:** Mr Martin F Milner ## **TOTAL FUND BALANCES SUMMARY SHEET** ||**2024**|**2023**|**2022**| |---|---|---|---| |**DANIEL GASKELL FOUNDATION**|**£970,315.75**|**£939,392.87**|**£856,743.93**| |**(Incorporating Barrie Wood Froggett and Ernest Steadman bequests)**|||| |**JOHN WRAY AUGMENTATION**|**£76,275.06**|**£73,565.83**|**£66,640.82**| |**MORTON DENBY PRIZE FUND**|**£3,044.82**|**£2,916.34**|**£2,631.98**| |**DICKINSON CUDWORTH PRIZE FUND**|**£18,435.51**|**£17,687.81**|**£16,032.91**| |**GUY POPPLETON FUND**|**£10,615.57**|**£10,160.21**|**£9,552.34**| ||**TOTALS:£1,078,686.71 **|**£1,043,723.06**|**£951,601.98**| These accounts give a true and fair view of Daniel Gaskell Foundation affairs and are in accordance with the books of account, information and explanations given to me. 18/10/2025 **(incorporating Barrie Wood Froggett and Ernest Steadman bequests) Accounts for the year ending 31st December 2024** ## **DANIEL GASKELL FOUNDATION** |**Working Fund Balance at 01.01.24:**
**Income:**
Refund from Outward Bound
Dividends from Charities Official Investment Fund (COIF)
COIF Deposit Fund Interest
**Payments:**
Bank Charges
Ink
Ernest Steadman Awards
Grant Awards
**Working Fund Balance at 31.12.24:**
**COIF Investment Fund valuation as at 31.12.24:**
**Total Fund Balance at 31.12.24:**|2,959.75
24,366.73
2,385.01
70.00
52.95
6,000.00
19,400.00|£65,285.71
£29,711.49
£94,997.20
(25,522.95)
**£69,474.25**
*
900,841.50
**£970,315.75**|**2023**
65,285.71
874,107.16
**£939,392.87**|**2022**
56,199.20
800,544.73
**£856,743.93**| |---|---|---|---|---| **- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -** ## **Current Account Bank Reconciliation** **Balance B/Fwd:** Current Account Statement at 01.01.24 £26,210.92 |Refunds re: Outward Bound
Dividend from Charities Official Investment Fund (COIF)
Dividend from COIF
Dividend from COIF
Dividend from COIF
**Payments:**
**2023 Grant cheques presented:**
100949
**Ernest Steadman Award:**
100963
100988
**Horbury Primary Academy:**
100964
**Horbury Bridge CE J&I Academy:**
100997
**Ink cartridges:**
100966
**Transfer to COIF Deposit:**
100967

**2024 Grant cheques:**
100969
100970
100971
100972
100973
100974
100975
100976
100977
100978
100979
100980
100981
100982
100983
100984
100985
100986
100987
100989
100990
100991
100992
100993
100994
100995
100996
100998
100999
101000
101001
101002
101003
101004
101005
101006
**Bank Charges:**
**Plus 2024 Unpresented cheques above (*)**
**Closing Balance:**
Current Account Statement at 31.12.24
**COIF Deposit Account Reconciliation**
**Balance B/Fwd:**
COIF Deposit Account Statement at 01.01.24
**Income:**
Interest (Jan-Mar)
Dividends from MD, DC & GP - received 29/02/24
Interest (Apr - Jun)
Dividends from MD, DC & GP - received 31/05/24
Tfr from Current a/c (100967)

Interest (Jul - Sep)
Dividends from MD, DC & GP - received 30/08/24
Interest (Oct - Dec)
Dividends from MD, DC & GP - received 29/11/24
**Payments:**
Buying COIF Shares
**Closing Balance:**
COIF Deposit Account Statement at 31.12.24
**Bank Account Balances (Current a/c + COIF Deposit a/c) at 31.12.24:**|2,959.75
6,047.83
6,047.83
6,054.61
6,216.46
450.00
5,500.00
500.00
1,500.00
2,000.00 *
52.95
12,000.00
250.00
550.00
550.00 *
550.00 *
550.00
250.00
250.00
450.00
150.00
750.00
250.00
550.00
450.00
550.00
550.00
350.00
350.00
550.00
450.00
750.00
450.00
250.00
450.00
450.00
550.00
250.00
350.00
550.00
450.00
350.00
550.00
250.00
550.00
350.00
550.00
450.00
70.00
544.25
182.70
549.31
182.70
12,000.00
670.47
182.70
620.98
186.95
7,000.00|27,326.48
£53,537.40
(37,972.95)
15,564.45
3,100.00
**£18,664.45**
£42,249.72
15,120.06
57,369.78
7,000.00
*****
**£50,369.78**
**£69,034.23**
*****|27,326.48
£53,537.40
(37,972.95)
15,564.45
3,100.00
**£18,664.45**
£42,249.72
15,120.06
57,369.78
7,000.00
*****
**£50,369.78**
**£69,034.23**
*****| |---|---|---|---| ||||**£**| ||||£
| ||||**£**| ||||**£**| ***See calculation below to explain the £440.02 difference between Current & Deposit Account total balances and Working Fund balance:** |Current Account closing balance:|**18,664.45**| |---|---| |2017 unpresented - 100209|**(500.00)**| |less still unpresented (2022) or unsent (2019) cheque **(1,500.00)**|| |less unpresented 2024 cheques|**(3,100.00)**| |less 2023-2024 dividends from other funds|**(1,459.98)**| |Subtotal:|**12,104.47**| |Plus TFR from COIF Deposit to COIF Shares:|**7,000.00**| |Plus COIF Deposit Account closing balance:|**50,369.78**| |Total Working Fund balance at 31.12.24:|**69,474.25** *| ## **DANIEL GASKELL FOUNDATION** **John Wray Augmentation Accounts for the year ending 31st December 2024** |**Working Fund Balance at 01.01.24:**
**Income:**
Dividends from Charities Official Investment Fund (COIF)
**Payments:**
Admin Invoice
600.00
Auditor's Fee
100.00
Bamnk Charges
60.80
**Working Fund Balance at 31.12.24:**
**COIF valuation as at 31.12.24:**
**Total Fund Balance at 31.12.24:**
**- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -**
**Bank Reconciliation**
**Balance B/Fwd:**
Current Account Statement at 01.01.24
**Income:**
Dividend from Charities Official Investment Fund (COIF)
£476.10
Dividend from COIF
476.10
Dividend from COIF
476.10
Dividend from COIF
487.20
**Payments:**
Admin Invoice - 100067
600.00
Auditor's Fee - 100068
100.00
Bank Charges
60.80
**Closing Balance:**
Current Account Statement at 31.12.24|£4,751.11
£1,915.50
£6,666.61
(760.80)
£5,905.81
**£5,905.81**
70,369.25
**£76,275.06**
£4,751.11
1,915.50
£6,666.61
(760.80)
**£5,905.81**|**2023**
£4,751.11
68,814.72
**£73,565.83**|**2022**
£3,617.36
63,023.46
**£66,640.82**| |---|---|---|---| ||||| ## **DANIEL GASKELL FOUNDATION** ## **Morton Denby Prize Fund Accounts for the year ending 31st December 2024** |**Working Fund Balance at 01.01.24:**
**Income:**
Dividends from Charities Official Investment Fund (COIF)
£70.93
**Payments:**
None
**Working Fund Balance at 31.12.24:**
**COIF valuation as at 31.12.24:**
**Total Fund Balance at 31.12.24:**|£368.64
70.93
£439.57
£0.00
£439.57
**£439.57**
2,605.25
**£3,044.82**|**2023**
£368.64
2,547.70
**£2,916.34**|**2022**
£298.69
2,333.29
**£2,631.98**| |---|---|---|---| **- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -** **Reconciliation** N/A - all monies now part of Main Fund bank account. ## **DANIEL GASKELL FOUNDATION** ## **Dickinson Cudworth Prize Fund Accounts for the year ending 31st December 2024** |**Working Fund Balance at 01.01.24:**
**Income:**
Dividends from Charities Official Investment Fund (COIF)
£412.75
**Payments:**
None
**Working Fund Balance at 31.12.24:**
**COIF valuation as at 31.12.24:**
**Total Fund Balance at 31.12.24:**|£2,860.42
412.75
£3,273.17
£0.00
£3,273.17
**£3,273.17**
15,162.34
**£18,435.51**|**2023**
£2,860.42
14,827.39
**£17,687.81**|**2022**
£2,453.35
13,579.56
**£16,032.91**| |---|---|---|---| **- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -** **Reconciliation** N/A - all monies now part of Main Fund bank account. ## **DANIEL GASKELL FOUNDATION** ## **Guy Poppleton Fund Accounts for the year ending 31st December 2024** |**Working Fund Balance at 01.01.24:**
**Income:**
Dividends from Charities Official Investment Fund (COIF)
£251.37
**Payments:**
None
**Working Fund Balance at 31.12.24:**
**COIF valuation as at 31.12.24:**
**Total Fund Balance at 31.12.24:**
**- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -**
**Reconciliation**
N/A - all monies now part of Main Fund bank account.|£1,129.94
251.37
£1,381.31
£0.00
£1,381.31
**£1,381.31**
9,234.26
**£10,615.57**|**2023**
£1,129.94
9,030.27
**£10,160.21**|**2022**
£1,282.03
8,270.31
**£9,552.34**| |---|---|---|---| |||||