Charity registration number: 529328
Dewsbury Endowed Schools Foundation Trust
Annual Report and Financial Statements
for the Year Ended 31 March 2025
page 1
Dewsbury Endowed Schools Foundation Trust Contents of the financial statements
For the year ended 31 March 2025
| Contents | Page |
|---|---|
| Reference and administrative details of the Charity, its Trustees and Advisors | 3 |
| Trustees’ report | 4 to 5 |
| Report of the Independent Examiner | 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Notes to the accounts | 9 to 13 |
page 2
Dewsbury Endowed Schools Foundation Trust Reference and administrative details of the Charity, its Trustees and Advisors For the year ended 31 March 2025
| Corporate Trustee | The Council of the Borough of Kirklees |
|---|---|
| Registered Office | PO Box 1720 |
| Huddersfield | |
| HD1 9EL | |
| Charity Number | 529328 |
| Independent Examiner | Wheawill & Sudworth Limited |
| 35 Westgate | |
| Huddersfield | |
| HD1 1PA | |
| Bankers | Barclays Bank plc |
| 17 Market Place | |
| Huddersfield | |
| HD1 2AB |
page 3
Dewsbury Endowed Schools Foundation Trust Report of the Trustees For the year ended 31 March 2025
Structure, governance and management
The Trust is a registered charity, number 529328, and is governed by a Scheme dated 16[th] February 1993 as amended by resolutions dated 17 January 2017 and 24 March 2017 as amended by a scheme dated 8 May 2018 and as amended 30 June 2025.
The Corporate Trustee of the charity under the scheme is The Council of the Borough of Kirklees.
The Council has appointed its Cabinet to act on its behalf in this role.
The Corporate Trustee is supported in its work by an Advisory Working Party.
Risk management
The Corporate Trustee has considered the major risks to which the charity is exposed and has reviewed those risks and established systems and procedures to manage those risks.
The Corporate Trustee considers variability of investment returns on the permanent endowment to constitute the charity’s major financial risk as this represents most of the annual income. The Corporate Trustee manages this risk by retaining a reasonable amount of funding in the form of unrestricted funds. The charity also has very low levels of operational expenditure.
Objectives and activities
The Charity’s objectives
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.
The Charity’s main activities
The Charity has few operational costs (which are always significantly below actual income) and its main expense is grants which are funded from annual investment income and, occasionally, from unrestricted funds built up from previous financial years – where this is required, reference is always made to unrestricted funds available. There is a formal process for inviting, assessing and approving grant applications. This task is undertaken by the Charity’s Working Party which makes recommendations for the Corporate Trustee to approve.
Public benefit statement
In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit and in particular the advancement of education.
Achievements and performance
The provision of grant funding for the purpose of education, including social and physical training, of persons between seven and twenty-five years who are resident in the area of the former County Borough of Dewsbury.
During the year the charity sold land at Cullingworth Courts, Oxford Road, Dewsbury for £800,000 on a carrying value of £760,000 (a deposit of £25,000 was recognised as a receipt in the accounts for the year ended 31 March 2023). The net proceeds were invested in an external investment portfolio, the income from which is utilised for the provision of grants.
Grants totalling £13,945 were approved and expended during the year.
Financial review
The net income for the year was £66,965, including net income of £40,323 on unrestricted funds and net income of £26,642 on endowment funds.
Reserves policy
The charity’s free reserves, excluding fixed assets, at the year-end were £144,448.
The Charity does not have a reserves policy.
page 4
Dewsbury Endowed Schools Foundation Trust Report of the Trustees (continued) For the year ended 31 March 2025
The Charity’s 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.
Future plans
The Corporate Trustee continues its efforts to increase awareness of the charity and promote access to funding for potential grant applicants. This includes further development of an existing website.
Trustees’ responsibilities in relation to the financial statements
The Corporate Trustee is responsible for preparing the Trustees’ report and the financial statements in accordance with the applicable law and United Kingdom Accounting Standards. The law applicable to charities in England and Wales requires the trustee(s) to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and the application of resources of the charity for that period. In preparing these financial statements, the Corporate Trustee is required to:
-
select suitable accounting policies and apply them consistently;
-
observe the methods and principles of the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and enable them to ascertain to ensure that the financial statements comply with the Charities Act 1993, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for staking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees’ report was approved by the Board of Trustees on 21 November 2025.
C Pattison
On behalf of The Council of the Borough of Kirklees
page 5
Dewsbury Endowed Schools Foundation Trust
Independent Examiner's Report to the Trustees of Dewsbury Endowed Schools Foundation Trust
For the year ended 31 March 2025
I report to the charity trustees on my examination of the accounts of the charity for the year ended (date) which are set out on pages 7 to 13
Responsibilities and basis of report
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
Since the charity’s gross income exceeded £250,000 (including property disposals) your examiner must be a member of a body listed in section 145 of the Act. I confirm that I am qualified to undertake the examination because I am a member of Institute of Chartered Accountants in England and Wales which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention 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 section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true 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 matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
David Butterworth FCA for and on behalf of Wheawill & Sudworth Limited Statutory Auditor 35 Westgate Huddersfield HD1 1PA
Date: 21 November 2025
page 6
Dewsbury Endowed Schools Foundation Trust Statement of Financial Activities For the year ended 31 March 2025
| Note Income and Endowments from: Investment income 2 Other income 3 Total Income Expenditure on: Other expenditure 4&5 Total Expenditure Net Income Gross transfers between funds (Loss)/Gain on Revaluation of Investments Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 14 |
Unrestricted funds £ 60,326 0 60,326 (20,003) (20,003) 40,323 0 0 40,323 104,125 144,448 |
Endowment funds £ 0 15,000 15,000 0 0 15,000 0 11,642 26,642 1,953,250 **1,979,892 ** |
Total 2025 £ 60,326 15,000 75,326 (20,003) (20,003) 55,323 0 11,642 66,965 2,057,375 2,124,340 |
Total 2024 £ 42,988 0 |
|---|---|---|---|---|
| 42,988 | ||||
| (25,515) | ||||
| (25,515) | ||||
| 17,473 0 |
||||
| 24,258 41,731 2,015,644 |
||||
| 2,057,375 |
All income and expenditure derive from continuing activities.
page 7
Dewsbury Endowed Schools Foundation Trust Balance Sheet For the year ended 31 March 2025
| Note Tangible Fixed Assets 9 Investments 10 Current assets Debtors 11 Cash at bank and in hand 12 Creditors: Amounts falling due within one year 13 Net assets 14 Funds of the Charity: Endowment funds Unrestricted income funds Unrestricted income funds Total funds 14 |
2025 £ 0 1,977,696 1,977,696 17,478 131,096 148,574 (1,930) 2,124,340 1,979,892 144,448 2,124,340 |
2024 £ 760,000 1,166,054 |
|---|---|---|
| 1,926,054 10,155 121,381 |
||
| 131,536 (215) |
||
| 2,057,375 | ||
| 1,953,250 104,125 |
||
| 2,057,375 |
For the year ending 31 March 2025 the charity was entitled to exemption from audit under section 477.
Trustee's responsibilities:
-
The trustee has not required the charity to obtain an audit of its financial statements for the year in question in accordance with section 477;
-
The trustee acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the Corporate Trustee for issue on 21 November 2025 and are signed on its behalf by
C Pattison
Trustee on behalf of The Council of the Borough of Kirklees
Charity Number: 529328
page 8
Dewsbury Endowed Schools Foundation Trust Notes to the Financial Statements For the year ended 31 March 2025
1. Accounting policies
General information and basis of preparation
Dewsbury Endowed Schools Foundation Trust is an unincorporated charity registered in England and Wales. The contact address of the charity is shown on the reference and administration information on page 3 of these financial statements. The nature of the charity’s operations and activities are set out on page 4.
The financial statements have been prepared in accordance with the Charity’s governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” and the Charities SORP “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)”. The Charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared on a going concern basis under the historical cost convention, with the exception that investments are included at fair value. The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest £.
The Charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.
The following policies have been applied consistently in dealing with items which are considered material in relation to the financial statements.
Going concern
The trustee considers that there are no material uncertainties about the Charity's ability to continue as a going concern.
Tangible Fixed Assets
The charity owns land assets which are located in a small number of sites and are measured at fair value.
Cullingworth Courts, Oxford Road, Dewsbury
This land was sold during the year ended 31 March 2025.
Land at Halifax Road and Wheelwright Drive, Dewsbury
This land was formerly used as playing fields for Birkdale High School. The school has now closed. The Corporate Trustee is of the opinion that the value of this land is currently uncertain as its use is closely linked to any future development of the school site. The Corporate Trustee will value the land accordingly as and when circumstances change.
Fixed asset investments
Investments are stated at fair value, being market value, as at the Balance Sheet date. The Statement of Financial Activities includes the net gains and losses arising on revaluation and disposals throughout the year.
Income and endowments
All income is recognised once the charity has entitlement to the income, it is virtually certain that the income will be received and the amount of the income receivable can be measured reliably.
Investment income
Amounts receivable from the realisation of endowment assets are retained within endowment funds.
Income derived from endowment assets is treated as unrestricted income.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably.
Controlling party
The Council of the Borough of Kirklees is the sole Corporate Trustee of the Charity
page 9
Dewsbury Endowed Schools Foundation Trust Notes to the Financial Statements For the year ended 31 March 2025
Fund structure
Unrestricted funds are general funds that are available for use at the trustee's discretion in furtherance of the objectives of the charity.
The original endowment comprised of land and buildings. Any subsequent receipts arising from disposal of endowment assets are credited to Endowment Funds and are to be used only for further expenditure on Endowment Assets.
2. Investment income Unrestricted funds
| 2. Investment income Unrestricted funds |
||
|---|---|---|
| Interest receivable and similar income: Interest receivable 3. Other income Endowment funds Cullingworth Courts – net sale proceeds Other income 4. Grants Unrestricted funds Organisations Dewsbury Partnership Shaw Cross Sharks ARLFC Thornhill Trojans ARLFC Artists Attic Yorkshire Supreme Majorettes Individuals Schools Ravenshall School Westborough High School Westmoor Primary |
2025 £ 60,326 60,326 2025 £ 15,000 0 15,000 2025 £ 0 0 0 1,000 4,000 5,000 4,851 1,000 1,200 1,894 4,094 13,945 |
2024 £ 42,988 |
| 42,988 | ||
| 2024 £ 0 0 |
||
| 0 | ||
| 2024 £ 6,788 1,525 5,000 0 0 |
||
| 13,313 | ||
| 1,445 7,984 0 0 |
||
| 7,984 | ||
| 22,742 |
page 10
Dewsbury Endowed Schools Foundation Trust Notes to the Financial Statements For the year ended 31 March 2025
5. Other expenditure
Unrestricted funds
| . Other expenditure Unrestricted funds |
||
|---|---|---|
| Independent Examiner’s fee Insurance Other expenditure |
2025 £ 1,800 678 3,580 6,058 |
2024 £ 0 (375) 3,148 |
| 2,773 |
6. Employees
There were no employees whose annual remuneration was more than £60,000.
7. Taxation
The Charity is a registered charity and is therefore exempt from taxation.
8. Related parties
Unrestricted funds
| . Related parties Unrestricted funds |
|||
|---|---|---|---|
| Kirklees Council Expenses Legal fees Room hire Income Interest payments . Tangible fixed assets Balance brought forward at 1 April 2024 Additions Disposals Adjustments Revaluations Balance carried forward at 31 March 2025 0. Investments Market value at beginning of year Additions to investments at cost Carrying value of investments redeemed Gain on revaluation Market value at end of year |
2025 £ 1,232 240 |
2024 £ 154 110 |
|
| 1,472 | 264 | ||
| 6,074 | 6,148 | ||
| £ 760,000 0 (760,000) 0 0 |
|||
| 0 | |||
| 2025 £ 1,166,054 800,000 0 11,642 |
|||
| 1,977,696 |
9. Tangible fixed assets
10. Investments
page 11
Dewsbury Endowed Schools Foundation Trust Notes to the Financial Statements For the year ended 31 March 2025
11. Debtors
Unrestricted funds
| Investment income Grants repayable 12. Cash and cash equivalents Cash at bank 13. Creditors: amounts falling due within one year Unrestricted funds Accruals |
2025 £ 17,478 0 17,478 2025 £ 131,096 131,096 2025 £ 1,930 1,930 |
2024 £ 10,155 0 |
|---|---|---|
| 10,155 | ||
| 2024 £ 121,381 |
||
| 121,381 | ||
| 2024 £ 215 |
||
| 215 |
14. Funds
2025:
| Endowment funds Permanent endowment funds Unrestricted funds Unrestricted other funds Total funds |
Balance at 1 April 2024 £ 1,953,250 104,125 2,057,375 |
Incoming resources £ 26,642 60,326 86,968 |
Resources expended £ 0 (20,003) (20,003) |
Balance at 31 March 2025 £ 1,979,892 144,448 |
|---|---|---|---|---|
| 2,124,340 |
Purposes of funds:
-
Endowment fund - The original endowment comprised of land and buildings. Any subsequent receipts arising from disposal of endowment assets are credited to the Endowment Funds and are to be used only for further expenditure on Endowment Assets.
-
Unrestricted fund - This represents accumulated income from previous years which is applied for the Charity’s main objects at the discretion of the Trustees.
page 12
Dewsbury Endowed Schools Foundation Trust Notes to the Financial Statements For the year ended 31 March 2025
14. Funds (continued)
2024:
| 2024: | ||||
|---|---|---|---|---|
| Endowment funds Permanent endowment funds Unrestricted funds Unrestricted other funds Total funds |
Balance at 1 April 2023 £ 1,928,992 86,652 2,015,644 |
Incoming resources £ 24,258 42,988 67,246 |
Resources expended £ 0 (25,515) (25,515) |
Balance at 31 March 2024 £ 1,953,250 104,125 |
| 2,057,375 |
Purposes of funds:
-
Endowment fund - The original endowment comprised of land and buildings. Any subsequent receipts arising from disposal of endowment assets are credited to the Endowment Funds and are to be used only for further expenditure on Endowment Assets.
-
Unrestricted fund
-
This represents accumulated income from previous years which is applied for the Charity’s main objects at the discretion of the Trustees.
15. Analysis of net assets between funds
2025:
| 2025: | ||||
|---|---|---|---|---|
| Investments Current assets Current liabilities Total net assets at 31 March 2025 2024: Tangible Fixed Assets Investments Current assets Current liabilities Total net assets at 31 March 2024 |
Endowment funds Permanent £ 1,977,696 2,196 0 1,979,892 Endowment funds Permanent £ 760,000 1,166,054 27,196 0 1,953,250 |
Unrestricted funds General £ 0 146,378 (1,930) 144,448 Unrestricted funds General £ 0 0 104,340 (215) 104,125 |
Total funds £ 1,977,696 148,574 (1,930) |
|
| 2,124,340 | ||||
| Total funds £ 760,000 1,166,054 131,536 (215) 2,057,375 |
||||
2024:
page 13