Annual Report 2022 - Dewsbury Endowed Schools Foundation Trust ## **Kirklees Directorate for Children and Young People** ## **Dewsbury Endowed Schools Foundation Trust Annual Report for the year to 31 March 2022** The Annual Report and the Annual Accounts are open to inspection by any person. ## **1. Reference and administrative details of the Charity, its trustees and advisers** **Full name of Charity** : The Dewsbury Endowed Schools Foundation ## **Registered Charity Number:** 529328 **Governing document** : The Trust Deed dated 16 February 1993 as amended by the scheme dated 8 May 2018. **Main address:** Director for Children and Young People, Kirklees Council, Civic Centre 3, Market Street, Huddersfield, HD1 2EY **Objects of the charity** : Promoting the education, including social and physical training, of persons between the ages of seven and twenty-five years who are resident in the area of the former County Borough of Dewsbury. **Public benefit** : The Trust is required to take account of the Charity Commission Guidance on Public Benefit. The test of public benefit is formally considered as an agenda item at the end of each meeting of the working party and a declaration confirming compliance with the public benefit test is recorded in the minutes. **Trustee:** Kirklees Council is Trustee and was advised in the Trust’s affairs by a working party consisting of the following local people: Councillor M Ahmed, Mr Bernard Disken, Mr P Ellis, Councillor E A Firth, Mrs F Ishaq, Mr K Mallinson, Councillor Jackie Ramsay, Ms M Winterburn . ## **Chair of Working Party** : Cllr E A Firth Clerk to the Trustee’s Working Party: Ms J Sanders (Tel: 01484 221000) Financial matters of the Charity are administered by: Mr Graeme Wilde, Senior Finance Officer for Kirklees Directorate of Finance Corporate Accountancy **2. Structure, governance and management.** Kirklees Council, as Trustee, has delegated responsibility for advising and making recommendations on the allocation of the Trust fund in line with the objectives of the Trust, to the Working Party whose membership is outlined above. **3. Volunteer help.** The value of any volunteer help is not included in the accounts **4. Activities.** The Trustee’s Advisory Working Party met on - Wednesday 16th June 2021 - Wednesday 3[rd] November 2021 - Wednesday 9[th] February 2022 The first meeting for the year was undertaken virtually because of the Coronavirus Pandemic. The other 2 meetings were in person. All recommendations were subsequently approved by the Kirklees Cabinet for the Council as Trustee. ## **5. Achievement and performance** ## **5.1 Allocation of grants.** Grants – £21,097 of grants were made to groups/organisations (£5,550), individuals (£5,945) and schools (£9,602) activities within the boundaries of the former County Borough of Dewsbury. Dewsbury Endowed Schools Foundation Trust Annual Report - year ending 31.03.2022 page 1 Annual Report 2022 - Dewsbury Endowed Schools Foundation Trust The Trust was able to recoup an overpayment of grant totalling £1,000 that had been made to Shaheen Cricket Club in a previous financial year. Agreement is that this will be repaid by direct debit at £50.00 per month. At the 31 March 2022, an amount of £100 was outstanding (which has since been repaid in full). The working party members confirm an individual applicant’s eligibility to receive grants before recommending an award. The working party members confirm that there are a significant number of eligible young people benefiting from the organisation/group activity before recommending an award. There has been excellent feedback received by the Trust from those benefitting from grants which evidences the impact and benefits and demonstrates that the funding is being applied in line with the objects. ## **5.2 Cullingworth Courts** Following further marketing, the Trust accepted an offer, and progress has been made on the disposal of this asset. ## **5.3 Investment policy** The current general policy has been to invest Trust monies in safe investments, rather than risk capital losses. The Director of Finance has advised that Trust funds used for day-to-day cash management should be held by Kirklees Council Investments are held directly in the following: - UK Bond Fund - the objective of which is income generation - UK Equity Fund (historic investment) - the objective of which is capital growth The Trust normally earns income on its balances with Kirklees Council, which is effectively the current account. No interest was paid in the year. ## **5.4 Semerwater campsite** The site was unavailable for bookings during this period, and it was concluded that the site be disposed of. Following technical advice a planning application for the change of use was submitted to enable best consideration for the asset. ## **5.5 Reserves policy** The Unrestricted Funds – General Reserve is effectively the current year’s income less running costs. Grants are paid out of the previous year’s surplus. Expenditure is equalised over the years. ## **6. Plans for future periods** ## **6.1 Investment policy.** The investment policy will be kept under review by a subgroup of working party members together with Graeme Wilde ## **6.2 Trust Physical Assets** During the year work was undertaken to further the disposal of Cullingworth Courts and the Semerwater asset. Whilst not yet concluded, progress has been made to secure the sale of both. ## **7. Funds held on behalf of other trusts.** The Trust is currently holding 171.865 investment units on behalf of the Sadler Memorial Trust. The value at 31 March 2022 (the date of the accounts) was £296.75. Dewsbury Endowed Schools Foundation Trust Annual Report - year ending 31.03.2022 page 2 Charity registration number.. 529328 DEWSBURY ENDOWED SCHOOLS FOUNDATION TRUST for the Year Ended 31 March 2022 DEWS8URY ENDOWEO SCHOOLS FOUNDATION TRUST Statement of Flnanclal Artl¥ltles fof the Year Ended 31 March 2022 Unrestrlrted Endowment funds funds Totsl 2022 Total 2021 Income and Endowments from: Investment income Other income 29.563 19.563 29,146 Total Income 29.563 29.563 29,146 Expendlture on: Other expenditure 4&5 -25,327 -25.327 -30,395 Total Expenditure .25,327 .25,327 .30,395 Net Income Gr055 transfers between funds 4,236 4,236 -1,249 ILossllGaSn on Revaluatlon of Investments 21,418 21,418 110,784 Net movement Sn funds 4,236 21,418 25.654 109,535 Re¢on¢lllatlon ol lunds Total funds brought forward 64,608 1,757,429 1,822.037 1,712,502 Total funds carried forward 13 68.844 1,778,847 1.847.691 1,8Z2,037 DEWSBURY ENDOWED SCHOOLS FOUNDATION TRUST 8alance Sheet as at 31 March 2022 2022 2021 Note Tangible Fixed Assets Investments 835,000 940,885 1.775,885 835,OC 919,467 1,754,467 Current a55ets Debtors Cash and Cash Equivalents 10 li 7,500 64,497 71,997 6,891 60,856 67,747 Creditors: Arnounts t¥llln8 due wlthln one year 12 191 178 Net Current Assets 71,806 67,570 N•t assets 13 1,847,691 1,822,037 Funds of th• Charltv: Endowment funds 1,778,847 1,757,429 Unrestrlcted Income fvnds Unrestricted income funds 68,844 64,608 Total funds 13 1,847,691 1,822,037 Islgnaturel Inamel DEW5BURY ENDOWED SCHOOLS FOUNOATION TRUST Notes to the Flnanclal Siatements for the Year Ended 31 March 2022 A￿0 sc+IocLs fcu4vV8TI Onj On ￿coUnts for the year 31 NAKcd 10 Charity no (rf any) 19SlS Set out on pages I report to the trustees on my examinalion of the accourrt5 of the above charity (Ihe Trustl for the year ended Ruponsibllitios and basls of A3 the chwws trustees. are responsible for the prepwatlon of the accounts in acccxdance wtth the requirements of the Charide3 Act 2011 rthe Act.) I report Sn respect of my examination of the Trusys accounts canied out under section 145 of the 2011 Act and in carying out my examir7a*kJn, I have followed all the appllcable DirectSons given by the Charity Commission under sedion 145(5)(b) of the Acl. Indepondent rrhe ck•'s gross income exceeded £250,000 and l arn quallNed to exwnlneffs statement undertake Ihe exarnination by belng a qualrfied member of [insert name ol appllcable118ted bodyn. D￿e E I Ilnot applicable. I have completed my examination. I corffimi that material matters have Come to my attention in connecilon wlth the examinatlon (othw than that disd0s￿l belcml") ¥%ttich glves rne cause to believe that in, any materfal respect. the acc￿n11rVj records were not kept In accordwKe vAth SeCtk￿ 130 ol the Charities Act,. or the account5 did not accord wlth the accounlno records,. or the accounts did not comply wtth the appllcable requirements concemirvJ the fonn and content of accounts set out In the Ch&itie5 (Accounts and Rep￿ts> Regulations 2CX)8 other than any requlrement that the accrAJn15 give a 'true and lalrf view vknich is not a rnatter considored as part of ￿ IrKlependerrt examination. I have cOn￿mS and have ccwne across no other matters in connection with the examination to bthich attention should be drawn in this report in order to enable a proper under5tandiThJ (rf the accounts to be reached. . Please delete the woth in the brnckets Mtheydo not appty. Iv /io Slgned: Date: Name: l￿Dr IL Relevant profe55ional qualificatlon(s) or body IER Oct 2018 {if any): Addre¥s: ,q7, .Ail1 ifi b4iLL nJfiaJS0+￿£ Section B DisGlosurc Only complete if the examiner needs to highligfit mateiial matter5 01 COFKein (see CC32, Independent examination of charity accounts.. diredion5 and guidance for examiner51. Give here brief details of any items that the oxaminer wishes to disclo￿. IER Oct 2018