The Kettle Memorial
Trust Fund
Report and accounts
for the year ended
5 April 2024

The Kettle Memorial Trust Fund
Annual Report and kcounts
for the year ended 5 April 2024
Contonts
Page
Trustees, ￿port
Independent examiner's report
Statement of financial activities
Balance sheet
Notes to the accounts
Schedule of Investments
9-10

The Kettle Memorial Trust Fund
Trustees. Report
for the year ended 5 April 2024
The trustees present their report and accounts for the year ended 5 April 2024.
Governing instrument
The charity is regulated by the will of Mrs J P M Kettle dated 10 July 2001 with two codicils dated 27 August 2003
and 5 March 2004. It is an unincorporated charity registered in England and Wales {Charity number 1112881).
Trustees
The names of the current trustees. all of whom served throughout the year, are as follows..
J M Westbrook
B Blow
P D Beeson
Administrative details
Charity number: 1112881
Registered address: clo Shorts. 2 Ashgate Road, Chesterfield, Derbyshire S40 4A4
Bankers: HSBC Bank plc
Accountants.. Shorts Chartered Accountants, 2 Ashgate Road. Chesterfield. Derbyshire S40 4AA
Investment advisors: J M Finn & Co Ltd, 4 Coleman Street, London, EC2R STA
Objective
The objective of the charity is to generate income from its investments and pay such income
equally to the following charities..
Arthritis and Rheumatism Council for Research
Heart Foundation for the Chesterfield Branch
St Marfs Church, Sutton Scarsdale whilst ever the Church remains an Anglican Place of Worship
Cancer Research
Historic Churches Preservation Fund
Salvation Army for the Derbyshire Branch
Guide Dogs for the Blind
The Royal Hospital. Chesterfield
Royal British Legion Poppy Appeal
Royal Society for the Prevention of Cruelty to Animals for use at the Spital Branch at Chesterfield
National Society for the Prevention of Cruelty to Children
Ashgate Hospice for the Terminally111
Policies adopted to further th• objective
In planning the charitVs activities, the trustees have regard to both the Charity Commission's general guidance on
public benefit and the specific objectives of the charity.
The charity's funds are managed by J M Finn & Co, Stockbrokers, and are invested with the intention of
maximising the income potential whilst minimising risk by spreading the investments over a wide range of equity
and fixed interest securities.
The charity's investments are held in the joint names of two or more trustees.
Page 1

The Kettle Memorial Trust Fund,
Trustees. Report (continued)
for the year ended 5 April 2024
Review of activitias and achievements during the perlod and financial review
The charity earned net income of £27,665 on its investments during the year and this is to be paid as
donations to the designated charities. At the end of the year, the charitls net current assets were £36,819
and it held investments valued at £1,593,497
The charity maintains no free reserves, with all income being paid in donations to the designated donee
charities. This is in line with the charity's rules and is considered reasonable as the annual costs of the
charity can be met by the annual income.
Going concern
After making appropriate enquiries, the trustees have a reasonable expectation that the charity has
adequate resources to continue in operational existence for the foreseeable future. For this reason they
continue to adopt the going concern basis in preparing the financial statements.
Trustees, responsibility for the accounts
The trustees are responsible for preparing the Trustees, Annual Report and the financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees 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 application of resources of the charity for that period. In preparing these financial statements,
the trustees are required to..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles in the Statement of Recommended Practice.. 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 (FRS 102) (effective
1 January 20151.,
make judgements and estimates that are reasonable and prudent;
state whether applicable Accounting Stsndards have been followed, subject to any material departures
disclosed and explained in the financial statements.. and
prepare the financial statements on the going con￿rn basis unless it is inappropriate to presume that
the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable
accuracy at any time the financial position of the charity and enable them to ensure that the financial
statements comply with the accounting requirements of the Charities Act 2011 and the provisions of the
trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
Independent Examiner
A resolution to reappoint K Wilson as the independent examiner will be proposed at the annual general
meeting.
This report was approved by the trustees on 28 October 2024 and signed on their behalf by:
P Beeson
Page 2

The Kettle Memorial Trust Fund
Independent Examiner's Report to the Trustees
for the year ended 5 April 2024
I report to the trustees on my examination of the accounts of The Kettle Memorial Trust Fund ('the Fund,) for the
year ended 5 April 2024.
This report is made solely to the Funds trustees, as a body, in accordan￿ with Part 4 of the Charities (Accounts
and Reports) Regulations 2008. My work has been undertaken so that I might state to the Fund's trustees those
matters l am required to state to them in an Independent examiner's report and for no other purpose. To the
fullest extent permitted by law. I do not accept or assume responsibility to anyone other than the Fund and the
Fund's trustees as a body. for my work or for this report.
Responsibilities and basis of report
As the charity trustees of the Fund you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 {'the Act')- The trustees consider that an audit is not required for this year
under section 144 of the Act and that an independent examination is needed.
I report in respect of my examination of the Fund's accounts carried out under section 145 of the 2011 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 examlnerfs statement
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 Fund as required by seclion 130 of the Act-, or
the accounts do not accord with these records" or
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., or
the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charities applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102).
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.
J,IsuK,
K Wilson ACA FCCA DChA
Chartered Accountant
Shorts
2 Ashgate Road
Chesterfield
Derbyshire
S40 4AA
28 October 2024
Page 3

The Kettle Memorial Trust Fund
Statement of Financial Activities
for the year ended 5 April 2024
Unrestricted
Incom•
Fund
Pemianent
Endowment
Fund
Total
Funds
2024
Totsl
Funds
2023
Notes
Income
Investment income..
Income from UK listed investments
50,524
50.524
54.948
Total Income
50,524
50,524
54,948
Expendlture
Raising funds:
Investment management charges
Charitable aotivities:
Donations
Support costs
18,610
18,610
18,646
27.665
4.249
27,665
4.249
32.413
3,889
Total Resources Expended
31,914
18,610
50,524
54,948
Net Incoming Resources Before Other
Recognised Gains and Losses
18.610
{18,610)
Other Recognised Gains and Losses
(Losses)Igains on investments=
Realised
Unrealised
(3,178)
48.338
(3,178)
48.338
45.616
(243,499)
Transfers between funds
(18,610)
18.610
Net Movement in Funds
45,160
45,160
(197,883)
Funds Brought Forward at 6 April 2023
1,585.156
1.585,156
1, 783,039
Funds Carried Forward at 5 April 2024
1,630.316
1.630,316
1,585,156
Page 4

The Kettle Memorial Trust Fund
Balance Sheet
at 5 April 2024
Notes
2024
2023
Fixed Assets
Investments
1.593.497
1,522.215
Current Assets
Cash at bank and in hand
68,084
98.954
Creditors: amounts falling due within one year
31,265
36.013
Net Current Assets
36.819
62.941
Net Assets
1.630.316
1.585. 156
Funds
Unrestricted Income Fund
Permanent Endowment Fund
1.630,316
1.585. 156
1.630,316
1.585. 156
Approved by the Trustees on 28 October 2024 and signed on their behalf by.
B Blow
Trustee
P Beeson
Trustee
Page 5

The Kettle Memorial Trust F￿nd
Notes to the Accounts
for the year ended 5 April 2024
Accounting policies
Basis of accounting
The financial statements have been prepared in accordance with Accounting and Reporting by Charities:
Statement of Recommended Practi￿ applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January
2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102) and the Charities Act 2011 .
The Kettle Memorial Trust Fund meets the definition of a public benefit entity under FRS 102. Assets and
liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant
accounting policy.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical
accounting estimates. It also requires the trustees to exercise judgement in applying the charity's accounting
policies. There are not considered to be any significant accounting estimates or judgements required in the
preparation of these financial statements.
Cash flow statement
Advantage has been taken of the exemption granted to small entities from the requirement to present a cash
flow statement.
Investments
Investments are stated at the market value at the year end. The surplus or deficiency on revaluation is taken
to the Statement of Financial Activities.
Incoming resources
Investment income is included in the financial statements on an accruals basis.
Resources expended
Donations paid and adrninistration costs are charged on an accruals basis.
Fund accounting
Unrestricted funds comprise the accumulated surplus or deficit on the income and expenditure account.
They are available for use by the trustees in furtheran￿ of the objectives of the charity.
Financial Instruments
The charity has only basic financial instruments comprising cash and bank balances. investments and
creditors. all of which are stated at amortised cost.
Investments are initially recognised at cost and subsequently stated at market value, which, in the case of
bank deposit accounts, equals the amounts invested together with added interest.
Creditors are initially recognised at the transaction amount and are subsequently measured at the amounts
expected to be required to settle the transaction.
Page 6

The Kettle Memorial Trust Fund
Notes to the Accounts (continued)
for the year ended 5 April 2024
Charitable donations payable
2024
2023
Arthritis and Rheumatism Council for Research
Heart Foundation for the Chesterfield Branch
St Mary's Church. Sutton Scarsdale whilst ever the Church refflains
an Anglican Place of Worship
Cancer Research
Historic Churches Preservation Fund
Salvation Amiy for the Derbyshire Branch
Guide Dogs for the Blind
The Royal Hospital, Chesterfield
Royal British Legion Poppy Appeal
Royal Society for the Prevention of Cruelty to Animals for use at the
Spital Branch al Chesterfield
Royal Society for the Prevention of Cruelty to Children
Ashgate Hospi￿ for the Terminally111
2,305
2,305
2.701
2,701
2.305
2,305
2.305
2.305
2.305
2,306
2.306
2,701
2,701
2.701
2,701
2,70q
2.701
2.701
2.306
2,306
2,306
2,701
2,701
2, 702
27,665
32.413
Support costs
2024
2023
Governance costs
Bank charges
4,140
109
3, 780
109
4.249
3.889
No remuneration or expenses were paid during the year (2023.. Nil) to any of the trustees or persons
connected with them.
No employee re￿iVed remuneration of more than £60,000 during either year.
The average number of employees, including trustees, was three (2023.. three).
Included within governance costs are costs of £1,320 (2023- £1,200) relating to the independent examination
and £2.820 (2023.. £2,580) relating to the preparation of the financial statements.
Page 7

The Kettle Memorial Trust Fund
Notes to the Accounts (continued)
for the year ended S April 2024
Fixed asset investments
2024
2023
UK listed investments..
Market value 6 April 2023
Additions
Disposals
(Loss)Iprofit on disposal
Net unrealised investment gains l (losses)
1.522.215
130.919
(104,797)
(3.178)
48.338
1. 764,673
84,530
(129, 105)
45,616
(243,499)
Market value 5 April 2024
1,593,497
1,522,215
Historical cost 5 April 2024
1,063,901
1,034,002
Creditors
2024
2023
Donations
Accrued expenses
27.665
32,413
3,600
31.265
36.013
Related party transactlons
There were no related paty transactions requiring disclosure in either year.
Page 8

The Kettle Memorlal Trust Fund
Schedule of investments and investment income
for the year ended 5 April 2024
I￿rk•*
Book
M•rk•t
valu• at
Nwt
R•alh•d
uN•￿I￿d
fjIQ412WiJ durSnqy•ir B*n*NlO￿••}
Holthno
12024
2024
Unitwj lQovthmffl•nloQ
TtpuuryD25%
1.574
46.692
48270
02
Urdldd Kiwm (Go￿n￿￿l￿n
TI4Diury35%
£40,CO)
.2
.376
KkgknlGov0mmonlorJ
TM&tury425*
£4S.L
44.771
44.432
45J78
UnWKnudrAn(Gts￿n￿rtrf)
1 25%Ind￿-Ink
&ooo
$2.577
52.577
47.41)
313
J￿￿￿rUn11
SLTabJG&JndZlr
99.96$
b6.268
5&4
54.102
2.561
B￿nkryG￿Up
02￿N￿￿£￿n Ir[Pr•(w8n￿¥h1MJl
15.000
14.475
20.1
713
14.475
C*dwwy$hatMof028935185
17.59ts
73.3
116.39Jl
17.59b
dNw5h¥es010 1(￿9756
31.16
74.810
(21.2•Jl
31.166
1.2n
1.271
N&lonBIGrid
OrflnqryyhTholO 12431289
&TTS
31.
IS5441
31.
1292
2.979
P￿rt￿n G￿￿P
on*niryyha￿uIO.407
012023. 2.￿>
19.344
SrnlthDS
12.72T
31.2BZ
IID45
31.2B2
S2.1BI
2.701
BHP&lliknn
CxdkthYthB￿V0lUsD U SD
19.IY9
25U
(2.%01
19.69)
4&7UD
2.407
8.07$
Qnknarysh¥••olO 10
14.919
.oesi
14.919
49.74S
3.407
4.070
On*nHryth•r•Ba1001
i.urA>
8.T20
48.420
Im3
10.000
Z4,209
18.9BS
I￿55
24.269
ZQ.84U
1.990
1.960
TPICAPP4c
ordffi￿*haWlO(o25
9.JQQ
4.998
2T.349
22.099
774
1215
Srywlb & Noph
OtdlNrythw*olUSD 0 20
21.WS
4S.120
16.129)
21.025
8p
USD025
012023" 7.¥WI
4S.S31
40.028
lJS.1121
1.258
1.449
Rtsyal Duichsh
0￿1￿￿￿8 Shar￿01007 EUR
JI.053
4Y.71E
T,715
37￿53
514
1.541
WODd￿d•
CkgDNPVIDII
01202J' *11
6.505
6.Sg9
1&6811
GBP001
012Q2I. 7￿>
19.4
12821SI
G￿0$￿1￿K1
OtdnarytharnÈts102S
2.QO
27,(N)g
29.744
2.846
27,(I)9
1.1
Vodalon•
OTthn*tyahar•sdUSD020a523B
17.89J
11716
1.$42
1.519
STKUSDOCOI
445
24.633
lo1.￿?
58D
V•rhè)ii Communkakn
c￿￿￿y$￿￿￿BO1u$D O 10
32.194
1.142
2.507
Commlltockof USD001
TSU
16.398
60.841
48.981
109.823
VISA
STK VSDOW1 A'sha
150
22mQ
2T.462
5.429
22.820
187
E3vtyAB
S*BNPV
1.SQD
23205
95.197
21265
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23A4J
25249
4.31CI
23.443
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omm&lttkofV5D025
24.247
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J5.253
2.107
2.D70
702.079
.075,707
1&1.919
106.2211
{3,0871
54.912
742.231
26,9)7
42.127
Page 9

The Kettle Memorlal Trust Fund
Schedule of Investments and Investmont Income (contlnuad)
for the year ended S April 2024
Co•t
eogk¢o
R••llMd iknr•dh•d
Im707
$4J12
742231
1.1R223
12.127
(6.1201
.627
2AIO
37.75J
1.49B
IMPOX lTrnviroTr￿￿Tr￿I
fr.10
IOA
.911
11.89))
911
WA
210XI
11T40
Elr
X724
zv
445
￿d￿¥•hO￿l¢f 0￿))1
37.ge8
47Afy)
3￿11
1011
RITC¥41•lP4thv
41m5
74
{ioAai
14KWI
51.•)0
GBPO.10
41350
435
1J15
N*￿sA
¢HFO IOIREg)1
I9￿1
4Q751
1.522215
1&).919
1101.79n
(11781
84.916
Page 10