Dewsbury Endowod SGhools Foundatlon Charity number 529328 Annual Report and Flnanclal Statem•ntS for tho yoar •nd•d 31 March 2023 WYCAS W(.57 Dewsbury Endowed Schools Poundatlon Annual Ryort and Pinanclal Stat•m•nts for the year ended 31 March 2023 Contonts Pag• Trustees, rep)rt 2103 Examin&s rvport statemerrt of financial activrties Balance sheet Notés to Ihe accounts 7t0 10 Prnparod ty Wo8t Yorkjhhg Communlty Accounlancy S•r¥lce CIO D•wsbury Endowod Schools PourKlatlon Trust••s' report for tho y••r end•d 31 ￿¥￿￿ 2023 R￿018￿¢• and admlnl*tratiw d•tail$ of th• cts•rfty. il• InMt••• •fid •d¥i80rn The truyloeg during the firwKial year up to and ir*eludin> dth Iho roport wa• approved w•re.' Name Posltl( Thg cow￿11 of the 8orotyJh of Kirklee8 Chafity nuTh*•r 529328 Registor•d in ETrJland arKI Wales Reglstered and prfnclpal addrev4 lQ'rklees Metropolitan Couwl PO Box 1720 Huddersfield HD19EL Indepond￿ft •xamln•r Alan Dodd FCCA W••t Yorf(ihlr• ConMNnlty Ac¢ounlancy S•KvSc• CIO Stn'ngor House 34 Lupton Street Leods LS10 2QW 8lru¢tut•. qovomane• and m•nawmont The chwity is govgmod by a schgme daiffll 16 FgkKuary 1993 ￿nr￿M￿d by the Board gl EthKatson Sth•m8 (Dthvsbury Endo￿￿ S(*uAs Foundaltonl Confimation Act 1922. 4m¥rKlg(I by rasolutbons dated 17 January 2017 WKI 24 MaTth 2017 aThJ as arner￿ ty a schem8 dated 8 May 2018. othod ol r•cruilmont atNI appolntm•nt ol Iru8t•es Th• sola Irustg9 ol the chwty Lnder the sthèmo Is KKktgos 8orwJh Cwncll.. CourKil has appoin￿1 its Cabinat lo act on its behaK in this r￿8, Dewsbury Endow•d Schools Foundatlon Trn$t•￿' r•port (contlnu•d) for th• y•ar •hd•d 31 M•r¢h 2023 Th• ehaAV• obi•¢l• Promoling th8 education. inclLKling 80cial and thysical training, of pgrsons befvfftn Ihe agos of seven nty-five yea¢5 vho are rgsidenl in the aiaa of lh8 ffAm8r county b(¥ou9h ￿ DWJY. The charfV$ maln actlvltles Thè charily ha$ tgw ¢)F￿￿tional costs {v*tiich ar8 alway8 sfignrfr￿ bel¢Mt annual irthmal ils main expen¥e is Gyanls vthich are fund8d fron anrthl invesiment inLxme pAhJ. o(usionally, from un￿$trICted fLmds built up from previous fi'nancial years- ￿ere this is re(¥jI￿a, raference is atways made lo unresiricted l￿d3 available. There is a fomial proca88 for ￿¥￿tir0, a$￿ssI￿3 and approving want aFplicattons. This task 1$ underta*on ty tha Charity'y Working Party whid) makes rec￿nMer￿l8tI0n¥ for the Corporate Trustee to approv8. Publlc b•n•fit Btal•m•nt In settlryj ow objoctiV88 8fKI plannlng our acUvill8s our Trustees havo given ser1￿$ consthxation to the Ch*ity Crynmlsglcrf)'$ genw81 guid¥Ke on wbtic bgnofil vvj in advancemert ul education. .AGhlev•mttts and performance The provi8wJn ol grant funding ft)r the purpw of ethjeation, irtludlng 90¢i81 and physical trair)irKJ, of pvr8ons bplween tha agp8 of seven ￿nty.fiye years are resident In the aro0 of Ihe fom)6r County BLYOUgh af Dewsbury. During lh8 y98r, thg thwity uold GIlff0￿ Cottay Camp Slte) lor £29J,Cm at a substentlal suwus on Its 2006 e£ryinQ valuation of £75,Cx)). Tho net ￿¥OCeed0 were invested In w extemal Inveslrnent portfolio. the income fr￿￿ vthith 1$ utilised for the prLwision ol grarts. Gr8ni$ lotalling £13,353 approvwj *)d expffided (bjring the year. nanclal rBvlew The nel Ir￿QmO year was £167.953, induding net inc4Th Of£17,￿18 an wwestrKted fiJnds and net nL¥Jme of £150.14S on erKlTh¥rnenl fund¥. RM0Th•8 poIiGy Tha choritvs fr88 re8ervas. exduding fixgd assal$, at the ￿ èrrfl £86,652. The charity does not have a res￿¢$ rdicy. The d)aritls general reserye is effecti¥ely the year's inecthelgss rw#Mng t￿$. Grarrt$ arn paid of thè wevious yeaffs surplu$. Exp8ThJilurn is equalisèd o¥w the yws. Dewsbury Endowed Schools Foundatlon Independent examinerfs report to the trustees of Dewsbury Endowed Schools Foundatlon I report lo the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2023. wh￿h are set out on pages S to 10. R•spon$iblllti•$ and basis of report As the charity trustees you are responsible for the preparation of Ihe accounts in accordance with the requirements of the Charities Acl 20111.the Act'l. I report in respect of my examination of the charitys accounts as carried out tjnder section 145 of the 2011 Act. In carry'ng out my gxarninalion I have followed all thè applicable Directions given by the Charity Commission undèr section 14515llb} of th8 Act. Independont examlnerfs statement Since the charfws gross income exceeded £250.000 your examiner must be a fellow of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examinatson because l am a fellow of ACCA which is one of tho listed bodies. I have completed my examination. I confimi that no material matters have come to my att&ntion in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by seth'on 130 of the Charities ACL 2 thè accounts do not accord with those records.. or 3 the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities IAccounls and Reports) Regulations 2008 other than any requirement that the accounts give a'lrue and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matter5 in connection wth the examination lo which attention should be drawn irb this report in order to enable a proper understanding of the accounts to be reached. Signed.. Name.. Aan Dodd FCCA 311712024 West Yorkshire Community Accountancy Servlce CIO Stringer House 34 Luplon Street Leeds LS102QW DEWS8URY ENDOWED SCHOOLS FOUNDATION PA•ttm•nt of FlnaDGW Athi¢l•• lor th• Y••r End•d 31 IA•rdb 2023 u￿•1r6¢1•d Endowm•nt fvnd¥ Tvtsl 2023 Total 2fk2 Invèstrnènt inc4Jrne 0th0r Inc4)n Total Incorne 35.047 250 31297 35.IM7 216.250 251.297 29.563 216.c￿j 216,OlXI 29,563 Exp￿￿11yr• on: othBf 8XP8ndi￿r 4&5 -17.489 -16.766 .34.255 -25.327 Total ExwdFture 47,489 6.766 44.255 45.327 Net Ir￿me GTOSS Iranslern bet*wn funds 17,808 199,234 217.042 4.236 (Lo%yGalTh on Revahjallon of Invests)WMS 49.089 49,089 21,418 MpV?m￿l ￿ lund8 17. 1XS,145 167,953 246S4 Recontlllatlon Total fvnd5 brought f)mm8ndpd Practice appliG*Jle to ¢hAriti8s rKÈp8rin9 thBir ar￿UnIS in ac£C{dw￿ wllh Ihe Fina￿la[ Repxb"ng Stan￿d aP￿Ie4t￿e In the UK and Rewblic of Iroland,. 3￿1• ¢rf pr•p**ion These ac￿UT￿S hava been pr8parwJ on basis of IM"sloric ojsl. ¥Alh ts excepti￿ of I￿gI￿4? fixed a5S8t¥ {b8lowl, aKI on an a¢(n￿lS t>asiS. Exemptlon from proiMrinB 4 GaBh fl(w staten￿TrL The Charity has ap￿41ed th8 8x&mpli(M und8r th8 Ch¥ib'es SORP IFRS 1Q21 h88 th8r•forg not Inrjutsj a cash fttY•Y statfjment in the86 fina￿al Statarr￿s. GOINJ ¢on¢wn The Iruslae Considers that there are no malenal un(*rtainlies abr￿ tho ChanV5 abilty lo oxlinu• as . going conctm. Tangiblo Flxod A8•ats Th8 eharily owns larKI assets are l(xat8d in a 8m811 of sites ar￿ we me8￿r&I 81 fair value. Thi5 lar￿ hgs B f8ir Val￿ of t760,￿￿. All1￿￿ rrfeWc￿FY valu¢d in 2010, Ifv C(¥porate Trustee still ¢￿IderS th15 to be a fair value of silp. This land was forn￿rIy used ag playirg fields by Brkth H￿￿ School. Th8 scthrK4 ha8 rThv dosed. Thé Corporat& Trustee does rN* c£￿Ider that Ihi8 18nd ttss a V81ue as its future u$9 is ck>sgly link4d lo any futsKe dtsvelcpment ol the sch(￿1 site The Corwr818 TtUsL08 ￿11 value Ihp land accordingly as and ￿ urcumsta￿S thange. Incom8 and All income is rwnis8d C￿ th& charity has gntitknienl lo incoma. il is virtU811y c8rt8in Ihat thè In￿Me will b& received, amtyjnt of the inc>)m• receivable can be measured reliably. Investment Inc(Kne Amwnls reagiv8ble from realisation ofetKlowmni as￿13 are r•laingd wlh'n erthwment funds. Ir¢om9 defived from end(MIr￿1 a99ets is treated ag unrè8tri¢#ed Incomé. ExpwNlltur• All expenditure is recogrmsed oncè there is a legal or e<*)strudiva otligaiion lo that exp•nditiJre, il 18 FKobable settlement is rwuired and ts amount can be moasured r￿1￿y. Fund •tructur• unrestr￿t9d funds are g￿er81 fiJnds trwt ore avait*kn lor use at Iho truslo0'8 th8cYelion In ftwtheran¢e of Ihe obpcllves of Ihè cA*ty. ¢)riginal an(k*ffl￿ ￿rn￿sed ￿ l￿d arKI bj'lthngs. Any subwuenl r•c•ipts arising frorn di8P0S81 of eT*Jowmenl assets are erediled to Erth￿ Fur*ls and are lo t¢ used only for fUrttr￿r oxpervjiture on Endow￿￿*s818. Dewthry EfidD￿ School• Foundatlon152932B) Not•s to the Finmnclal statements For th• Y•ar Endod 31 March 2023 Fw Fim Total 2023 2023 2023 Interest re￿vab￿ and gmil* incom8.' Inlerast rgceivaljle 35,047 35.047 29. 3. Qth•v Incom• Fw 2023 Fund Total 2023 2023 2022 Gillfool Gottago- on di¥￿SaI Cullinfvh Cowts . rYTrrefundat4e deposit Cullingwth Courts- &￿tr)l￿rtIon lo protsssional Oth8r inLx)me 175,LKK) 175.0(KJ 25,CrfX) 2S.000 16.OCO 16,000 250 250 250 216,IXIO 218 250 4. Granls p•yab Funds Total 2023 2023 2023 1022 t)ewsbury S88 Cadets Chick8rA8y Comrnunity Centre Dews￿ry Arts Group YoLrth Ttr￿atre Saville To4vn SC￿rts Saville Town Scouts Over payment York8hire Supremas Major•tle8 SX) 1.000 0.000 436 436 Indiv1th￿S 86 5,945 Schools St Jo8•ph'8 CatholiG Pnrn￿ SGhool Dewsbury Leaming Psrtn8rship Thomhill J&1 School 1.733 9,369 6.263 6.283 0.263 9.602 13,353 13,353 21.097 Dawsbury Endowad Sehc*olb F(￿ndItIon {529328) Notes to Ihe Financlal Stsi•mtnts For th• Y•ar End•d 31 MarGh 2023 s. oth•r oxponditur• Total FWK 2023 2023 2023 2022 Independent Ex8mine¢s fee Property costs Semenwatef Camp Expenditure Insurance Other expendiluro 13,C62 3,704 13,062 3,704 1341 1,795 20,902 $20 2,341 1,795 4,136 2,180 1,435 4.230 18,788 6. Taxatlon The Charrty i¥ & rwsl8r8d charity and 15 lher￿c￿e 8x8mpt from ta¥at￿. 7. R￿ated PArtl•8 FundK Totsl 2023 2023 lfj"rkEa&B Metrwitan Cfjjncil expens Legal fee$ Room hir8 Property costs 527 6,177 91 520 611 027 0,1TT InGom• Inte￿1 paym¢n 2,￿7 2,887 8. TanglbJ• Flx•d AMot8 Balan￿ br￿ght foThward Addition8 Disposals Adjustments Revaluations 8alanco carrl•d forward 835,OL)O -75.000 9. Inveskngnl• Mgrkgt value at teginning of ye Additions lo investments at cost Carrying valug of tnvestmgnts r£d•wngd Loss on ffj¥dugtson Mart(¢t value at end of year 940,885 49,089 891,796 10. D•btorJ Unrestrtcted lundl 2023 Investrnenl income Grants repay8W8 7,5LIQ O•w•bury endow•d 3¢hool• Foundatlon1$29328) Notes to the Hnanclal Statsm•nts For th• Yèar Ended 31 March 2023 11. Cash and ca8h oquival•nts 2023 2022 Cash at ts￿k in hand.. Cash at b￿k 365,617 84,497 11 Credltorn: am¢MKts tsIIINJ du• wllhin on• yur Unr•8trTCtod funds 2023 2022 Ac￿lS 191 13. Fund¥ 8•l•nc• •t 1 April BAlin¢• •t 31 March 2fJ Unrestrlcl¢d fund• Unrestricted other furK13 39.297 -17,489 86,652 Endr**￿nt fLThl8 Permanent endowment fvrKIs 1.778.847 218,(KKJ -16.766 49,089 1.928.992 ToLg1 funds 1.847,091 281,297 49.089 1& Analysls of net awts belw*n funds Unr•gtrfcted Endowment funds funds G•noral Total funds Tangible Fixthj Agsets Inve$lmen15 Curr￿tt assets Curr￿1 Iiabillti8s 760,1)JO 891,795 760.Cn) 891,796 ,8S7 -205 277,196 364.053 Total nèt ••••l• 86,652 2,015,644