Charity Registration No. 1082840 Company Registration No. 00191903 A. Edmonds & Co. Charltable Foundation 2000 Report and Unaudlted Flnan¢lal Statsm6nts For the Year Endod 30 Septsmber 2022
A. Edmonds & Co. Charitable Foundation 2000 CONTENTS Legal and Administrative Infomation Trustees. Report Independent Examinerfs Report Statement of Financial Activilies Balance Sheet Notes to the Financial Statements
A. Edmonds & Co. Charitable Foundation 2000 LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | M R Edmonds, Chairman |
|---|---|
| PA Edmonds | |
| DJ Edmonds | |
| C J Kettel | |
| S S Eskinazi | |
| PA Smith-Edmonds (appointed 7thNovember 2021) | |
| Charity number | 1082840 |
| Company number | 00191903 |
| Registered office | 89-91 Constitution Hill |
| Birmingham | |
| 819 3JY | |
| Independent examiner | David Hoose FCA |
| Mazars LLP | |
| Two Chamberlain Square | |
| Birmingham | |
| B3 3AX | |
| Bankers | HSBC Bank Pie |
| 168 Warstone Lane | |
| Birmingham | |
| West Midlands | |
| 818 6NP |
A. Edmonds & Co. Charitsble Foundation 2000 TRUSTEES, REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2022 The Trustee$ psent their rw)rt and finan(ial statements for the year end8d 30 Septemiw 2022. The financi81 st8tements have bsen prepared in accordance wth the acoyjnting pOIleS set out in note 1 to the financial statements al cclnply wth the ChariVs Tnjst Deed, Ihe Chartbes Act 2011 and the Statement of Recornmended Practice.. AC¢cntIr0 and R¥wliThJ by Charthes pparing their accounts in &¢ordance with tho Financi ReportiTh3 Standard aPFAicable in UK and RebI of Ireland {FRS 12) and the Fw)an¢ial Reporling StsrKtsrd applicable in th& Unbted aiKI Republ of Ireland (FRS 121. ob¢V•S and actlvltlo¥ a. Pofv'ci6s and obpcts'ves The objects ofthe frjundation are the relief of p)voty any Ott general ¢haritabl8 object by way of donations lo regstered ¢h8ribgs. b. Main acbvilies und8rtak&n lo furtherthe charitys pury)oses forpublic b&n8fft The Iwstees confim that they have pakj due reg8rd to the guidance gIn by The Charfty Commi88iM on putlic benefit and confirm that the charity's purFty)se is for putrAic nefit. A¢h1•mertts •nd p•rlonnan 8. Review of 8¢1iwfves During th& year, the ¢harity collècted furth in orderto carry on the obi9cbves of th8 charity. The chanty 15 accmUlatIng fvnd8 in 9n1*patiOn of rnakiNJ a don8tion to coincide vhth the 150th 8nnivers8ry lebralk)n ofA. Edmonds & Co Limited. b. Investmwt pIcY and perfomiance The trustees have the p0r lo depjsit or invest fund8 In gny lawhjl manner. in acconlonce with t Daclaration of the TrLSSt. Fln•nelal rnvlew 8. Going concem Aft&r making appropriate enqulries, tPE trustees h8v• a roa8on•bkn expecta11 that the chaiity has adeqLtate resoufces lo continue in operational existence for tho lore5ee8blè futu. For this reason. continue lo Bdopt tho going CceM ba8iS preparing the finanual ststements. Furth8r details rw3arding the a(k)ption ofthe gdng ¢on¢em basi$ can be found in the Counting Frf)licies. b. Ri3k Managemwt The trusl¢es have e¥8mined the major strategt. tineSS ond OFerntiMal risks the charty fa¢e$ and confjfm that syslems havè teen estsbltshed to enable regu18r PortS to be wodLKed so th8t the n$Sary Step5 can be laken to l&ssen theso risks. G. R8seThes PoltGy The trustees are entrfed to set astde fvnds lor sp781 wrpose8 (x as ser 8yainst fvture exp&ndilure. At 30 September 2022 unrestricted ftjnds amovnte(I to £917,76912021.. £910,105).
A. Edmonds & Co. Charitable Foundation 2000 TRUSTEES. REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2022 a. Constitut It 18 rngistertd Vlilh the Chaiity co¥Ss for End and Wales LTrnder nLbmLw 1082840. Any fvtUTe trustees must be app(Mnt•J by r810bthK ofth• truBte88 MI 8ubi&#to th8 in th8 DraWon of Tru8t. All tru8tee6 are 8Ut4ect to re¥ivw at tho Generd MeelirwJ eh y•ar. Ststsment of TTusts•$' RMpon•lbllltt The Trustees are r¢sponore lor preparir4J the Tnwt•es' R•wt and thtr financ¥al statements in 8f>>)rdance applicable law and United KiTha¢Jom Accounting Stsndards (Unrted Kingdoffl Genty Awted Accounting Praclkel. The18w applkabl8 lo chgritss in Engbnd aNI Wths requires the TNslo8s lo prepare financiol stalemgnts for each fin8n¢ial y&ar whlch give a Irne and fail view ofthe 818ts ol affairn of Iho Chth and of the inconwng resoLir¢es 8nd apication of rn8ources ofthè Ch8rity foi tho1 year. In prewrlrg the fironclal $tst8me. tho TrtMt••8 arn rgqulrgd to.. 88lect Suitable acc(n11n9 polrx and then appty them c¢$151. observo the method8 and prin¢ipl8s in the Charilies SORP: m8ke lud9emenls 8nd e5timate8 Ihat arn reasonab and pr, state whethef apylk8tle acc)nr*j 5tsThJards hav• Ilt8d. subl8ct to matsrfal dwt1ur•$ d18dos¢d and •xploined #i th8 ffnartlal Statem.. afNI prepare the finarrial Btstemenis on the gokng CorKn it IB inapprowiate to prnsume Ihgt th• Charity wll ¢11)u• In OFerakn. The Trustse8 are rn8pcNblefor keeping suffi01 w)untiru rw)rds that dis¢hMe vrith racY al any Ihe finand•l po8itlon of th• Chaiity ond 8naL4e th•n to •n8we Ih•t It fal 8tst#m8nts CoMY the CharflieB Act 2011. the CharY (A0>ts Rfjps) Regulaticns 2008 8nd th8 pfLYS1OnS of th8 trust de&J. They are al80 respJnsibl• for safeguarfirvJ t assets ofthe Charity and t¢6 frytsking reasonablg 41gp8 for tho prgv•ntion and ttetion of lrnud and other iThegulariUos. The TN8ttes' r•pTht wfj$ apprrnI by the eoard ofTmstees sig)wJ tsir behalf ty: M R Edmond¥ Trustee Date.. 13-01-2023
Charity No. 1082840 A. Edmonds & Co. Charitable Foundation 2000 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES I report on the ffinancial stslements of A Edmonds & Co. chilable Foundati 2C(KJ for Ihe year ended 30 Seplwnber 2022, which arè sel out on p8ges 6 to 12. Re8pective re8pon8iblll1l of tru8t•48 and x•mlMr The trustees (who are also the directors of the company for the purposes of rnpanY law) are responsible for the prèparation ofthe financ1 statements in accordance ¥1h ts r8quirem8nts ofthe Companies Act 2 I'lhe 2006 Act'l. Having satisf mys•W that the finanrial statefflents ofthe Larity are Th)1 required lo bo aJited under Part 16 of the 2ff6 Act and a eligible for independent examination. I report in respect of my examination ol the charty's financaal statements a$ ¢aTrd out und8r stt1Son 145 of tho CharlS Act 2011 {th8 2011 A1. In c8rying Lxrt my examination I h8v¢ Wowed the Th'roction8 given by the Charity Commi58ion und8r 145lbl of the 2011 Aci. This report, includir¥J my statement, has wep8j lor and orly forth& dwritys trust 8$ a t#)dy. My work has been undertak¥n so that I mlgm stato to tha d)anty'$ tru8tèèB those matters l am raquiffjd lo $181e to them In an independent ex8minerf$ report and for no other purF4)8e. To Ihe fulknst oxtsnt p8miitl•d by law, I do not accept or assume ressibIlIty to anyon8 othw than the charity aThJ the chwW$ tw8tO88 a for My examingtion work, for thss report, or for the $lal8mgnts I havo mad&. Ba•1• of Ind•p•nd•nt •x•mIn•$ Y•port My examination was c8rrigd out In ¥fxord8n¢e wtth th• g•noral Direct¥MB given by the Charity Comml$8lon. An gxaminallon In¢lude$ a review of the a#nn9 re¢ord$ k&pl by thè charity and a cornparison ofthe flnand81 $latem8nts prosgnte(I wth those records. 1181s0 indudes ¢onsideT8IK)n of any unusual rtems or disdosur&8 Sn the ffinanclal stalements, and seeking explanation5 from you as trustees crming any such matters. Th& pro¢8dure8 ufKJertaken do not w0ve all the ev•Jence that W•Thild be fequired in an autht. 8nd nseqUentlY no opinion is given as lo whether the fina81 ststets a Irue and falr vithrf and the report 18 limrted to those matters set out in the slatement bel¢>w. Indendent exomln•rf• •t•tsm•nt In conne¢tion my examinatlon. which is wnpltrte. no mthrs ha come lo my attention %thich 9lve me asona cause to believe Ihat in any matwial reSpL accounling records Te kept in respe¢l of A. & Co. charitab Foundation 2000 in accordance vAth section 386 of the 2(6 Act; of the financk?I statements do not accofd those iecords," or the fina[K $t8tements do not compty vnth the a¢¢ounts"rYJ r8quirements of 3eclion 396 of the 2(th Act other than any requirernent that the financi statements gNe a'lnje and fairf vtew which is not a matter consider&Y as part of an iryJeperJent eXnIna110n. or the financial stalements have not tjeen prepar&J in ag)JrdarKe the mthds and principals ol the Statement of Recommended Practi for accKrtJnibng and lerting by charities lapplicatle to chariues preparing their accounts in accordance wilh the FinrKial ReportirvJ Standard applicable in the UK and RepU1C of IrelaThJ IFRS 102)].
Charlty No. 1082840 A. Edmonds & Co. Charitable Foundation 2000 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES DavIdH),. David HO FCA Mazarn LLP Two Chamb¢rtgin Square Bimlngham Dale.. Jan 24, 2023
Charity No. 1082840 A. Edmonds & Co. Charitable Foundation 2000 STATEMENT OF FINANCIAL ACTIWTIES FOR THE YEAR ENDED 30 SEPTEMBER 2022 Total 2022 Total 2021 fundB Incomo from: Oonalion 52. 52.567 12,821 Othei income 3.066 55,633 236 Total Incomo 13,057 EXndItU on: Charitale activities 1112941 111,2941 Nel {10ssesygain$ on investments (36.6751 136.675) 116,266 Not mOvnent In fvndB 7,864 129,323 Total funds brought fmr*J Total fund• carri•d lorw•rd 910,105 917,769 910,10 917.789 780.782 910.105 Th8 notes on pagos 8 10 12 form part of those fmawal slatements.
Ch•tlty No. 1082840 A. Edmonds & Co. Charitable Foundallon 2000 BALANCE SHEET AS AT 30 SEwfEMBER 2022 2022 Flx•d 593,341 593.341 Curr•nt •ts 421.482 18.526 315.564 C•ih 81 Iw 316.764 Cr•dltor•: amaunts falllng Tlthln on• >wr 10 10,280 429.703 917.789 316,784 0.106 Totsl M••l•1•4• Currnnl Il•bllltl•• c•ts1 fund• Unre¥lrlcted fund•- urrflhtrArtwJ vK<r 11 917.789 917.789 910,105 910.105 O J Edmond• Tru•le• D•t•'. Trustee i3-01- 2oL3 13-01-2023
11 Accounting policies Chatlty Infomiation A. EdmorKl3 & Co. Charitable Foundalion 2C() i5 an incoryted Chanty Wtstsfed wth the Ch8rity Commission for England and W. The address of th& ChariWs registered offics is noted on it8 legal and admlnistrative irrf0Mat page. Accounllng convention financial statements have b88n preparnd In rdarKe v+ith Charitys Tru8t Deed, the ChBritses Act 2011 and the Statement of Recommended Pradice". AccounlirvJ 8nd Rep)rting by Charill8$ prep81ing thwr acLounts in a¢¢ordance 71th th& Fthaal ReportiThJ sIdth apiCable in the UK and Republic of Ireland {FRS 1021. the Companie8 A¢1 2( and UK Generally Accepted Accountin9 Prac1. The Charrty is a PublK Bentrfit Enbty as dth8d by FRS 102. The financAal slalemenls hwe been drawi up urxler th8 hlstorlcal ojnventitin as modifiod by the revalu811on of investments. The finan¢l¥l stalemerrts are yared in sterfing, which is Ihe fvrKtional eurrency ofthe Charity. Monetary amounts in these fina181 statemonls are rounded to the noare8t £. Galng conc•m The tru8lee$ have nsIdered the goN)g ¢ffl ¢Ikpt aro 8ny aSSated material un&ain.08. the ba81$ of 8ny $ignffunt judgements and t matters to consmltir wthen confim7ing the preparation ol the financial Ststements on a going concem basis and the trustee8 are ¢omlortable that there 8re not any adjuslmenl$ required. The tru$tè68 expect th¥ Chanty to coninue in operats'on for al leasl 12 months from the date of signing the nan¢kql statements. Charftabl• lund8 The unrestricted ftjnds represent unrestricted inctsne Ithich is expendable at the diBcrelion of thg Twslags in Ihe fvrtheron¢• ofthe obJ8(ts of the Chanty. Incomlng mourc All irKoming r8souTces are irKluded in the $tatwnent offintraI adivtbes Ihe Charity has tement to the fttnds, after any performance CondOr have been met, the amount can b8 measured rellaw arHI rt is wobJle the ingyne wll te receiv8d. Income tsx recoverabEe in relation to ¢knatiorts 1Ved under Grft or deeds of coven8nt 1$ recrynised at the time of Itonat*)n. Income tsx recoverable in relation to investment inDJme is recognisod al the invesknent income is receivable.
11 A¢counts policies l¢ontlnued) Charita1 activttl Expendlture on charitable actr41t5 comwises exwdilur8 diredty rdoling to the cie¢ts of the Charity. GoV•mae $ts Govemance Costs relate to iTr>md on Ctro1iV8 orwwsgtil wJministr8th)n arwj FIX auet Inve8tm•nts Li8ted invgslments are ststfjd at martet valuts 88 81 the 8hggt date. All m0vW in valuè are shown in the Slatsment of FinaNial Aclivill#. Realmd aThJ unrealisod gain6 8nd l)$8es are showm in the Statement d Fina AclpiW. C¥h and cash equlv8l0nts Cash and ¢8sh 8quiv8lents Inclu ¢ash in hgNI, deposit8 hdd 81 11 wilh arKI othèr 8hort.torm Ilquid wNeslmfjnts with tyi9inal fnatuiitss of U)rn8 months las8. Fln•n¢lal Inotrum•nts The Ch8rlty haB olected to 8PPty Ihe pmw$kin5 of s11 11 'B86ic Finndal In8tnJm•nts' Seth 12'0ther Financi IMtrthmwts188ue5' of FRS 102 to 1 of its finér181 instnnts. Financial in$twments ar8 reo)gnlwd kn thg Charftys balanc• Sheet the Charlty party lo the oJntr¥iual p8)n8 Oft itr Txatlon The TnJ8t Is a rtgislergd Charty and 18 axwnpl from Inrm aThJ and tax pfovidod its incLMW and wns are applied lor thaiilable puryx)ses. 21 Crltl¢al occlntIng Mtlma Ind fvdgn•ni% In the applicathm of Iho Charitys accounting polKm. the Tnot8•8 are rnjulred to make juth3omts, estim8t8s and assumpticffls at*>Jl CaY79 of assets and liat411tS that 8re not Aadty apparent Irom rAher sour¢e8. The estimates •xl asso¢lat assumptio bad on hlstori¢ experfence and other fa(aots th8t are to be rn18wil. Ac4ual re3uh may differ from these e8tim8les.
31 Income 2022 2021 t10nati$ 12,821 238 Olhef inrne. dividen¢ts 55,633 13,057 l income was unre$tn"¢#ed in tJth yearn. 41 Charflabl• actlvitl•s 2022 2021 Oonations Accountancy charges Independtnl examinaJon ¢Wes Bank charges 8.249 1.8 1,2 45 11,294 All aynditure on chaiilabb a¢tivibe8 Wa8 unreslrfthd In year8. 51 Tru•t¢•8 None ofth& Trustees lor any pernon$ connècted with Ilwnl rgceNed any remunerat, bonoflts or eXnseS from th8 Charity during th& yoar121Y21.' Nil). 6) Employ•e• Thor? T0 no employees durlng the year. 71 N?t1108UWs11gln• on In¥wknents 2022 2021 RevaluatKJn of inveslmgnts 136.675) 136,675) 116.286 116,286
81 Flx•d a8••t Inv••trM Valuation At 1 October 2021 593,341 105,C 11n.8) 136,875) 488,066 Additn5 Dks un[eied gainslltss88) on ¥N08trngnts At 30 seOwnr 21Y22 Thes• Ited investments #re hgld name ofA. Edmonds & Co. Ch*it8bkn Fourthlkn 2C#JO vl8 Edmormls Proje£ts Limiteil. a reLqled paty lykno are ading as s1}. marwl by Metoor A88et Manag8mgnl. An•ly•l• of m•tsrl•l Li8tod Meteor FTSE 150 EWDR SUFW Deferffjfve Oul Plw Fgtsuary 2022 Metgor SE D•fensive KKk Oul Plan NOrnbe 2021 Meteor FTSE Slep Down KKk Out PL4n Movtr 2021 (OptiM 1) Meteu FTSE Super D&f8nsive KKk Out PLqn JanLWy 2022 Tot•1 84,6Cld 17.3 108,935 22.3 116,693 23.9 177,829 36.5 488.086 100.0 g) D•btorn 2022 X131 Related party ban (Note 12) Donali¢)ns receivabk (Note 12) 213.(XK) 1W2,564 411462 315.584
101 CTeditors: amaunts falling due wSthin one yoar 2022 2021 Donations payable Accruals 7.285 10.285 111 Unmtrl¢tod fund• PAov•m•nt In fvndb 8lanu as at In¢omlng Rmourw {IM•l on Balanco •• at l O¢tob•r rn•ourcM •xp•nd•d InvMtrnnts 30 Septwnb•r 2021 2022 Vnrestricted funds 910.105 910,105 (11,294) 111,2941 I,675) 136.6751 917,789 917.769 55.633 121 Related party tr4nMctlo 5 01 t e trusteeB of A. EdrThJnd8 & Co. Cholilatle Fwnd0l are also directors olA. Edmond8 & Co. Limitsd. During Ihe year. A. Ed)nd$ a Co. Th11ed mod8 donattons 01 £38,462 {2021.. £12,821) to the Charity. The balarKe oulslandiThJ at the yearond wa8 £38,48212021.. £1W2.5641. A loan of £383,C 12021.. £213.W)I, due to A Edmonds & Co. Charitab FrAndalion 2(£Q. is also outstanding al the year end. No intere81 has been charged on ihe kon during the period {2021.' £Nill. 5 of th& 8 trust of A. Edmon(ts & Co. Char¢tatde Foundaiion 2(KKI aro also directors of Edmonds Proje¢t$ Limrted. During the year, Eamonds Pro*cts Ltmited made donatk$ 01 £12.821 (2021.. £Nill trj the Charity. The bakrK• ¢tstanding 81 the yeaT-end was £Nil {2021.. £N.