REGISTERED CHARITY NUMBER.. 1127093 Re ort of the Trustees and Financial Statements for the Year Ended 31 December 2024 for The Keith Howard Foundation
The Keith Howard Foundation Contents of the Financial Statements for the Year Ended 31 December 2024 Page Reference and Adminislralive Details Report of the Trustees Report of the Independent Auditors statement of Financial Activities Balance Sheet 10 Cash Fk)w Statement Notes lo the Cash Flow Statement 12 Notes lo the Financial Statements 13 to 20
The Keith Howard Foundation Reference and Adminislralive Details for the Year Ended 31 December 2024 TRUSTEES Ms V Williams HMAFojt M J Hasyn (resigned 9110120251 Mrs M Tomlinson Mrs K N Foll Ms S Foll (appointed 113120241 PRINCIPAL ADDRESS 12 Wells Promenade Ilkley LS29 gLF REGISTERED CHARITY NUMBER 1127093 AUDITORS S&W Audit stalulory Auditor Chartered Accountants 3rd Floor 56 Wellington Street Leeds West Yorkshire LS1 2EE SOLICITORS Progeny 1A Tower Square Leeds LS14DL BANKERS C Hoare & Co 37 Fleet Street London EC4P 4DQ Page 1
The Keith Howard Foundation Re ort of the Trustees for the Year Ended 31 December 2024 The Iruslees present their annual report and fi'nancial statements of the charity for the year ended 31 December 2024. The financial slalements have been prepared in accordance with the accounting policies sel out in note 1 to the accounts and comply with the charity's trust deed, the charib.es Act 2011 and Accounting and the Charities Statement of Recommended Practice (second edition) and Financial Reporting Standard FRS 102. OBJECTIVES AND ACTIVITIES Objectives and aims The Iruslees confirm that they have complied with the duty in section 4 of the Charities Act 2011 to have due regard lo the Charity's Commission's general guidance on public benefit "Charities and Public Benefit" The Trustees, Report clearly sets out the charitable objectives, our current activities and how they benefit the public. The main objectives of the trust are the promotion of.. - the arts., - animal welfare., - Sport Social Mobility The trust carries out these objectives through the provision of grants to charities which fall within the criteria above. Grantmaking Details of how to apply for grants are available on the charity's website and also the trust invites applications for grants through the trustees, contacts and word of mouth. Trustees take responsibility for developing and maintaining relationships with key charity partners. ACHIEVEMENT AND PERFORMANCE Charitable activities In the year, the trust has made grants tolalling £1,023,119 12023.. £928,834). Principal risks and uncertainties The trustees consider there to be no significant risks or uncertainties lo the charity. FINANCIAL REVIEW Financial position Taking account of the availability of working capital, the trustees have concluded that the trust will be able to continue to meet ils financial obligations as they fall due for at least Iwelve months from the date of approval of these financial statements. Consequently. these financial statements have been prepared on the basis that the trust is a going concern. The total expenditure in the year was £1,082,56812023'. £969,070} of which £1,023,119 relates to donations paid during the year and donations committed lo be paid al the year end. As a result the charity funds are a surplus of £17,921,35012023. £18,149,670). Investment policy and objectives The Iruslees appointed Progeny Asset Management following the sale of Emerald lo ensure that the majority of capitsl funds were held in suitable investments until such time as the Trustees were able to agree a long term investment strategy and appoint long term investment managers. This has now been completed and funds are invested accordingly with long term investment managers at Cazenove Capital and Sarasin Asset Management. Reserves policy The revised plans for the enb'ty and ils reserves are set out in the Future Plans section of this report Page 2
The Keith Howard Foundation Re ort of the Trustees for the Year Ended 31 December 2024 FUTURE PLANS It Is the intention of the trustees that the capital from the Trust Fund will be used wholty for charitable purposes in awordan¢e with the objectives and strategies of the foundation. The trustees intention is to distribute grants each year from the investment income and capital reserves as deemed appropriate, whilst maintaining sufficient reserves to allow the charity to have a significant life span. The Iruslees will continue to support charities that fall under the four focus areas stated on their website. In addition, successful applicants will be able to demonstrate impact in one or more of our key stonds of education, access & participation, and healthier lives. The Trustees have also made an 'emergency fund, available which has been a calalysl of the change in our economic environment. £100,000 from the budget will be available for use outside of the four focus areas, where there is a significant need within the Yorkshire Region. The funding window will also be changed lo the timeframe of July and September of each year, applied through the website form. The Foundation will not support Capital Projects or Salaries. STRUCTURE, GOVERNANCE AND MANAGEMENT Structure, governance and management The charity is controlled by ils governing document, a deed of trust and constitutes an unincorporated charity. The trust is an unincorporated Irusl, constituted under a Trust Deed dated 7 Dember 2018 and is a registered charity, number 1127093. The trust does not actively fundraise and seeks lo continue the philanthropic work desired by the donor through the careful stewardship of its existing resources. The original Iruslees were appointed by the Deed and serve five years after which period they may pul themselves forward for reappointment The Trust Deed provides for a minimum of three Iruslees. Due to the change of stewardship from the passing of Keith Howard, the Trustees mel to discuss the strategy for future years, including consideration of grant making, investment, reserves and risk management policies and performance. Actions were agreed and are being actively worked on by each Trustee lo ensure the conlinuily of the Foundation. Melissa Tomlinson continues to act as Chair. The Chair will complete the day to day administration of grants and the processing and handling of applications prior lo consideration by the Iruslees. Siobhan Foll was appointed as a Trustee in March 2024. The website continues to be a successful way of applying for Charities, which is updated periodically, when required. The Board keeps the skill requirements for the Trustee Body under review and in the event that a trustee permanenlty retires, or additional new Iruslees are required. New Iruslees may be sought by open advertisement or through a dialogue with major grant recipients. The ulbmate decision on selection is, however, a matter of the Board of Trustees. The introduction process for any newly appointed trustee will comprise an initial meeting with the Chair and the Board, followed by a series of short meetings on investments, the grant making process, powers and responsibilities of the Iruslee board. Key management remuneration The Iruslees consider the board of Iruslees and the Chair as comprising the key management personnel of the charity in charge of directing and controlling the charity and running and operating the charity on a day to day basis. All Iruslees give of their time freely and no trustee remuneration was paid in the year. The trustees, report was approved by the Board of Trustees. STATEMENT OF TRUSTEES. RESPONSIBILITIES The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Stsndards (United Kingdom Generally Accepted Accounting Practice). Page 3
The Keith Howard Foundation Re ort of the Trustees for the Year Ended 31 December 2024 STATEMENT OF TRUSTEES. RESPONSIBILITIES- continued The law applicable to charities in England and Wales, the Charities Act 2011, Charity IAccounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the Iruslees are required to select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charity SORP., make judgements and eslimales that are reasonable and prudent., prepare the financial statements on the going concern basis unless it is inappropriate to pSurne that the charity will conts'nue in business. The Iruslees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and lo enable them lo ensure that the financial statements comply with the Charities Act 2011, 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 taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the board of trustees on 30 October 2025 and signed on its behalf by.. Mrs M Tomlinson - Trustee Page 4
Re ort of the Inde endent Auditors to the Trustees of The Keith Howard Foundation Opinion We have audited the financial stslements of The Keith Howard Foundation (the 'charity'l for the year ended 31 December 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel. In our opinion the financial stslements.. give a true and fair view of the stale of the charity's affairs as at 31 December 2024 and of ils incoming resources and application of resources, for the year then ended., have been properly prepared in accordance wth United Kingdom Generalty Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Charities Act 2011. Basis for opinion We conducted our audit in accordance with Intemalional Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant lo our audit of the financial ststemenls in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance wth these requirements. We believe that the aLJdil evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to going concem In auditing the financial statements, we have concluded that the Iruslees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of al least e1ve months from when the financial statements are aulhorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going conrn are described in the relevant sections of this report. Other information The other information comprises the information included in the Report of the Trustees and Financial statements, other than the financial statements and our auditor's report Ihereon. The trustees are responsible for the other information contained within the Report of the Trustees and Financial Statements. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion Ihereon. Our responsibility is lo read the other information and, in doing so, consider whether the other information is materially inconsislenl with the financial slalements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such Material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required lo report that fact. We have nothing lo report in this regard. Matters on which we are required to report by exception We have nothing lo report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us lo report to you if, in our opinion.. the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements, or sufficient accounting records have not been kept, or the financial statements are not in agreement with the accounting records and retums,. or we have not reiVed all the information and explanations we require for our audiL Page 5
Re ort of the Inde endent Auditors to the Trustees of The Keith Howard Foundation Responsibilities of trustees As explained more fully in the Statement of Trustees, Responsibilities, the Iruslees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the Iruslees determine is necessary lo enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitys ability lo continue as a going concern, disclosing, as applicable, mallers related lo going concern and using the going concem basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic allernab've but to do so. Page 6
Re ort of the Inde endent Auditors to the Trustees of The Keith Howard Foundation Our responsibilities for the audit of the financial statements We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect Ihereunder. Our objecb'ves are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether dLJe lo fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misslatemenl when il exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, lo detect material misslatemenls in respect irregularities. The extent lo which our prOdureS are capable of dete¢ling irregularities, including fraud. We obtained a general understsnding of the Charity's legal and regulatory framework through enquiry of management concerning their understanding of relevant laws and regulations, the entity's policies and procedures regarding compliance, and how they identify, evaluate and account for litigation claims. We also drew on our existing understanding of the Charity's industry and regulation. We understand that the Charity complies with the framework through.. Outsourcing accounts preparation and tax compliance lo external experts. Subscribing lo relevant updates from extemal experts, and making changes to intemal procedures and controls as neTrssary. Chair and Key Management Personnel's cjose involvement in the day-laY running of the Charity, and regular Trustee meetings, meaning that any litigation or claims would come to their attention d1Cl1y. In the context of the audit, we considered those laws and regulations which determine the form and content of the financial slalements, which are central to the Charity's ability to conduct its business, andlor where there is a risk that failure lo comply could result in material penalties. We identifi'ed the following laws and regulations as being of signifieanee in the eontext of the Charity". - The Charity SORP IFRS 1021 in respect of the preparation and presentation of the financial statements. The Charities Act 2011 and the Charity Commission We performed the following specific procedures lo gain evidence about compliance with the significant laws and regulations identified above". Made enquiries of management regarding Complian with laws and regulations and any known non<ompliance in the year Reviewed legal expense accounts Obtaining written management representations regarding the adequacy of procedures in place. The senior stalulory auditor led a discussion with senior members of the engagement team regarding the susceplibilily of the entity's financial slalements lo material misststemenl, including how fraud might occur. The areas identified in this discussion were". Manipulation of the financial statements, particulady as the size of the Charity means that there is little opportunity for segregation of duties Grants made by the Charity being received by the intended recipients The procedures were carried out to gain eviden in the above areas included.. Review any areas subject to bias or with scope for management override, noting a limited level of such Iransaclions.. and Testing a sample of grants made lo verify reIpl by the grantee along with testing to other supporting documentation. A further description of our responsibilits'es for the audit of the financial slalements is located on the Financial Reporting Council's website at ww.frc.org.uklauditorsresponsibilities. This description forms part of our Report of the Independent Auditors. Page 7
ort of the Inde endent Auditors to the Trustees of The Keith Howard Foundation Use of our report This report is made solely to the Charity's trustee5, as a body, in ac¢ordan¢e wth Part 4 of the Charitie$ (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might slate to the charity's Iruslees those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent pemiitted by law, we do not accept or assume responsibility to anyone other than the charity and the charitys tru5tee5 a5 a body, for our audit work. for thi5 report, or for the opinions we have formed. W ALJdi+ S&W Auilil Iool $1, 2025 12-.23.28 GMT) S&W Audit Slatulory Auditor Chartered Accountants 3rd Floor 56 Wellington Street Leeds West Yorkshire LS12EE 31 October 2025 Page 8
The Keith Howard Foundation Statement of Financial Activities for the Year Ended 31 December 2024 2024 Unrestricted fund 2023 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 34,180 Investment income 429,293 458,341 Total 429,293 492,521 EXPENDrruRE ON Raising funds 49,879 24,595 Charltable actlvltles Performing Arts Sport Animals Emergency Social Mobility 306,500 227,500 230,000 64.422 194,697 316,683 231,000 185,000 27,000 169,151 other 9,570 15,641 Totsl 1,082,568 969,070 Nel gains on investments 424,955 250,827 NET INCOMEIIEXPENDITUREI 1228,3201 1225,7221 RECONCILIATION OF FUNDS Total funds brought forward 18,149,670 18,375,392 TOTAL FUNDS CARRIED FORWARD 17,921,350 18,149,670 The notes form part of these financial statements Page 9
The Keith Howard Foundation Balance Sheet 31 December 2024 2024 Unrestricted fund 2023 Total funds Notes FIXED ASSETS Investments 17,012,112 17,666,516 CURRENT ASSETS Cash at bank 1,864,957 1,334,799 CREDITORS Amounts falling due within one year 1955,7191 1851,6451 NET CURRENT ASSETS 909,238 483,154 TOTAL ASSETS LESS CURRENT LIABILITIES 17,921,350 18,149,670 NET ASSETS 17,921,350 18,149,670 FUNDS Unrestricted funds 10 17,921,350 18,149,670 TOTAL FUNDS 17,921,350 18,149,670 The financial statements were approved by the Board of Trustees and aulhorised for issue on 30 October 2025 and were signed on its behalf by.. MCTomliiison,'Oci 30. )0)E 14 IC,.-14 GMT,, M Tomlinson - Trustee The notes form part of these financial statements Page 10
The Keith Howard Foundation Cash Fk)w Statement for the Year Ended 31 December 2024 2024 2023 Notes Cash flows from operating activities Cash generated from operations 1978,4941 1956,0901 Nel cash used in operating activits.es 1978,4941 1956,0901 Cash Ilows from investing activitigs Purchase of fixed asset investments Sale of fixed asset investments Interest received Investment income reiVed 141,282,582) 42,361,941 45,664 383,629 134,500,198) 32, 129,754 458,341 Nel cash provided byllused inl investing activities 1,508,652 11,912,103) Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period 530,158 12,868,193) 1,334,799 4,202,992 Cash and cash equivalents at the end of the reporting period 1,864,957 1,334,799 The notes form part of these financial statements Page11
The Keith Howard Foundation Notes lo the Cash Flow Statement for the Year Ended 31 December 2024 RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net expenditure for the reporting period (as per the Statement of Financial Activities) Adjustments for: Gain on investments Interest received Investment income received Increaselldecreasel in creditors 1228,3201 1225,7221 1424,9551 145,6641 1383,6291 104,074 1250,8271 1458,3411 121,2001 Net cash used In operatlons 1978,4941 1956,0901 ANALYSIS OF CHANGES IN NET FUNDS Al 111124 Cash flow At 31112124 Net cash Cash al bank 1,334,799 530,158 1,864,957 1,334,799 530,158 1,864,957 Total 1,334,799 530,158 1,864,957 The notes form part of these financial statements Page 12
The Keith Howard Foundation Notes lo the Financial Statements for the Year Ended 31 December 2024 GENERAL INFORMATION The Keith Howard Foundation (formerly The Emerald Foundation) is an unincorporated Irusl, constituted under a Trust Deed dated 7 December 2018 and is a registered eharily in England and Wales, under the charity registered number 11270, registered at 12 Wells Promenade, Ilkley, LS29 9LF. The principal place of business is Howard House, Dowley Gap Business Park, Dowley Gap Lane, Bingley, BD16 1WA. ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets. Going concem The financial statements have been prepared on a going concern basis. The Trustees have reviewed and considered relevant information, including the annual budget, in making their assessment. Based on these assessments and the current resour$ available, the Trustees have concluded that they can continue to adopt the going concem basis in preparing the annual report and accounts. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Income received in the form of assets rather than cash is recognised at its fair value at that date. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity lo that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed lo particular headings they have been allocated lo activities on a basis consistent with the use of resources. Grants payable are payments made to third parties in the furtherance of the charitable objectives of the trust. Single or multi year grants are accounted for when either the recipient has a reasonable expectstion that they will receive a grant and the trustees have agreed to pay the grant without condition, or the recipient has a reasonable expectation that they will receive a grant and any condition attaching lo the grant Is outside of the control of the trust. Taxation The charity is exempt from tax on ils charitable aclivilies. Fund accountlng Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Iruslees. Reslricled funds can only be used for particular reslricled purposes within the objects of the charity- Reslriclions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Page 13
The Keith Howard Foundation Notes lo the Financial Statements - continued for the Year Ended 31 December 2024 ACCOUNTING POLICIES- continued Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity., this is normally upon nolificalion of the interest paid or payable by the Bank. Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid nel of any trade discounts due. Cash at Bank and in hand Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Liabilities and provisions Liabilities are recognised when there Is an obligation al the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be eslimaled reliably. Liabilities are recognised at the amount that the charity anticipates it will pay lo settle the debt or the amount it has received as advanced payments for the goods or servi$ il must provide. Provisions are measured al the best estimate of the amounts required lo sellle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the prtaX discoLJnt rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges. Derecognition of liabilities Financial liabilities are derecognised when the charity's cOntCtual obligations expire or are discharged or cancelled. Irrecoverable VAT Irrecoverable VAT is charged against the category of resources expended for what it was incurred . Financial instruments The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially CogniSed al transaction value and subsequently measured al their settlement value with the exception of bank loans which are subsequendy measured al amortised cost using the effective interest method. Charitable activities Costs of charitable activities include grants made and governance costs incurred. Governance costs Governance costs comprise all costs involving the public accountability of the charity and ils compliance with regulation and good practi. These costs include costs related lo statutory audit and I81 fees together with overhead and support costs. Page 14
The Keith Howard Foundation Notes lo the Financial Statements - continued for the Year Ended 31 December 2024 INVESTMENT INCOME 2024 2023 Investment Income Deposit account interest 383,629 45,664 399,110 59,231 429,293 458,341 RAISING FUNDS Investment management costs 2024 2023 Portfolio management Support costs 30,008 19,871 24,595 49,879 24,595 GRANTS PAYABLE 2024 2023 Performing Arts Sport Animals Emergency Social Mobility 306,500 227,500 230,000 64,422 194,697 316,683 231,000 185,000 27,000 169,151 1,023,119 928,834 The total grants paid to institutions during the year was as follows.. 2024 2023 General 1,023,119 928,834 Page 15
The Keith Howard Foundation Notes lo the Financial Statements - continued for the Year Ended 31 December 2024 GRANTS PAYABLE- continued 2024 2023 Action for Sport Age UK Animals Bradford Bulls Foundation Bradford Care NHS Foundation Trust Bradford Foodbank Bradford Grammar School Cenlrepoint Bursary Fund Chapter One Door 84 Filey Cal Rescue First Story Generation You Employed Good Life Dog Rescue Grand Futures Grants accrued not paid Graeae Theatre Company GSAL Hope Pastures Impact Living Into University Kidz Aware Leeds International Piano Competition Leeds Playhouse Leeds Rhinos Foundation Leeds Women's Aid Life Education Live Music Now Nell Bank Northern Ballet Northem Opera Group 01AM Participate Projects People in Action Yorkshire Performing Arts Phoenix Dance Theatre Pilot Theatre Power2 Seaglass Collective SARA SELFA Smart Works Leeds Speakers Trust Talk the Talk Tender Education and Arts (Northl The Brownlee Foundation The Forward Trust The Principle Trust Children's Charity University of Bradford Whilby Dog Rescue Whitehall Dog Rescue Womenzone Community Centre AIN Yorkshire Cal Rescue Yorkshire Children's Trust 5,000 10,000 6,000 90,000 10,000 25,000 5,000 25,000 25,000 20,000 10,000 10,000 15,000 5,000 6,000 10,000 10,000 85,000 85,000 12,0001 3,000 17,000 5,000 1,046 10,000 10,000 3,000 20,000 55,000 70,000 15,000 55,000 122,500 17,442 15,000 30,000 10,000 20,000 85,000 7,500 36,000 11,994 20,000 85,000 7,500 36,000 26,000 189 10,000 10,000 3,000 10,000 20,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 20,651 20,651 5,000 120,000 1,500 10,000 10,000 17,000 120,000 5,000 32,000 Page 16
The Keith Howard Foundation Notes lo the Financial Statements - continued for the Year Ended 31 December 2024 GRANTS PAYABLE- continued Yorkshire Cricket Foundation Yorkshire Dance Yorkshire Rescue Yorkshire Youth and Music Zarach Foundation 70,000 70,000 10,000 10,000 19,000 10,000 928,834 19,000 1,023,119 TRUSTEES. REMUNERATION AND BENEFITS There were no Iruslees, remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and legacies 34,180 Investment income 458,341 Total 492,521 EXPENDrruRE ON Raising funds 24,595 Charitable actlvltles Performing Arts Sport Animals Emergency Social Mobility 316,683 231,000 185,000 27,000 169,151 Other 15,641 Total 969,070 Net gains on investments 250,827 NET INCOMEIIEXPENDITURE) 1225,7221 RECONCILIATION OF FUNDS Total funds brought forward As previously reported Prior year adjustment 18,357,774 17,618 As restated 18,375,392 Page 17
The Keith Howard Foundation Notes lo the Financial Statements - continued for the Year Ended 31 December 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- continued Unrestricted fund TOTAL FUNDS CARRIED FORWARD 18, 149,670 FIXED ASSET INVESTMENTS Listed investments MARKET VALUE At 1 January 2024 Additions Disposals Revaluations 17,666,516 41,282,582 142,361,941) 424,955 At 31 December 2024 17,012,112 NET BOOK VALUE At 31 December 2024 17,012,112 At 31 December 2023 17,666,516 There were no investment assets outside the UK. Cost or valuation al 31 December 2024 is represented by.. Listed investments Valuation in 2024 17,012,112 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Grant creditors 955,719 851,645 10. MOVEMENT IN FUNDS Nel movement in funds At 31112124 At 111124 Unrestricted funds General fund 18, 149,670 1228,3201 17,921,350 TOTAL FUNDS 18, 149,670 1228,3201 17,921,350 Page 18
The Keith Howard Foundation Notes lo the Financial Statements - continued for the Year Ended 31 December 2024 10. MOVEMENT IN FUNDS- continued Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Gains and losses Movement in funds Unrestrlcted funds General fund 429,293 {1,082,5681 424,955 1228,3201 TOTAL FUNDS 429,293 {1,082,5681 424,955 1228,3201 Comparatlves for movement In funds Prior year adjLJStment Nel movement in funds At 31112123 At 111123 Unrestricted funds General fund 18,357,774 17,618 1225,7221 18, 149,670 TOTAL FUNDS 18,357,774 17,618 1225,7221 18, 149,670 Comparative net movement in funds, included in the above are as follows.. Incoming resources Resources expended Gains and losses Movement in funds Unrestrictod funds General fund 492,521 1969,0701 250,827 1225,7221 TOTAL FUNDS 492,521 1969,0701 250,827 1225,7221 A current year 12 months and prior year 12 months combined position is as follows.. Prior year adjustment Nel movement in funds At 31112124 At 111123 Unrestricted funds General fund 18,357,774 17,618 1454,0421 17,921,350 TOTAL FUNDS 18,357,774 17,618 1454,0421 17,921,350 Page 19
The Keith Howard Foundation Notes lo the Financial Statements - continued for the Year Ended 31 December 2024 10. MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows". Incoming reSoUrS ReSoUrS expended Gains and losses Movement in funds Unrestricted funds General fund 921,814 {2,051,6381 675,782 1454,0421 TOTAL FUNDS 921,814 {2,051,6381 675,782 1454,0421 11. RELATED PARTY DISCLOSURES During the year grants lotalling £120,00012023.' £120,000) were awarded to Whitehall Dog Rescue, an organisation with common Iruslees. The Iruslees believe there are no other related party transactions lo disclose. Page 20