Period start date Period end date **From** ## **Trustees' Annual Report for the period** **01 08 2019 31 07 2020 To** ## Section A Reference and administration details **Charity name** Keaton Emery Memorial Foundation **Other names charity is known by** **Registered charity number (if any)** 1175870 **Charity's principal address** 1 – 4 South Park Court Hobson Street Macclesfield Postcode SK11 8BS **Names of the charity trustees who manage the charity** |1
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**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||Mrs Denise Emery|||| ||Mr Peter Emery|||| ||Mr HenryEmery|||| ||Mrs Alison Freeman|||| ||Mrs Caroline Payne|||| ||Mr Stephen Harris|||| ||Mr Rawdon Gascoigne|||| ||Mrs Helen Leggett|||| ||Miss Jill Paton|||| ||Mrs Emma Bennion|||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| **Names of the trustees for the charity, if any, (for example, any custodian trustees)** **Name Dates acted if not for whole year** **TAR** April 2019 1 ## **Names and addresses of advisers (Optional information)** |**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**| |---|---|---| |**Type of adviser**
**Name**
**Address**||| |||| |||| |||| |||| |**Name of chief executive or names of senior staff members (Optional information)**||| |||| ## **Section B Structure, governance and management** ## **Description of the charity’s trusts** Type of governing document - (eg. trust deed, constitution) > [Constitution ] How the charity is constituted - (eg. trust, association, company) > [Charitable Incorporated Organisation ] Trustee selection methods - (eg. appointed by, elected by) > [Appointed by existing trustees ] ## **Additional governance issues (Optional information)** You **may choose** to include additional information, where relevant, about: - policies and procedures adopted for the induction and training of trustees; - the charity’s organisational structure and any wider network with which the charity works; - relationship with any related parties; - trustees’ consideration of major risks and the system and procedures to manage them. **TAR** April 2019 2 **Section C Objectives and activities** To advance in life and help young people through the provision of grants and to support other charities that act as a resource for young people up to the age of 30 living primarily (but not exclusively) in the North of England by providing advice and assistance and programmes of physical, educational and other activities as a means of: **Summary of the objects of the charity set out in its governing document** - a. advancing in life and helping young people by developing their skills, capacities and capabilities to enable them to participate in society as independent, mature and responsible individuals; - b. advancing education; - c. relieving unemployment; - d. providing recreational and leisure time activity in the interests of social welfare for people living in the area of benefit who have need by reason of their youth, age, infirmity or disability, poverty or social and economic circumstances with a view to improving the conditions of life of such persons. The main objectives for the year have been to: 1. build up the capital of the charity by investing it in a Unit Trust through Newall Palmer Associates (now Ascot Lloyd). 2. provide grants to support the establishment of a mental health team for the Manchester branch of Centrepoint (registered charity 292411). The charity has not undertaken any public fund liaising events. It relies upon donations made by companies and individuals who are aware of the charity and its objectives. In planning the charity’s activities for the year the trustees reviewed the guidance and at their trustee meeting. **Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)** The trustees confirm that the charity has made a significant public benefit by enabling the establishment and maintenance of the Mental Health Unit run by Centrepoint in Manchester, the specific benefits accord with the charity’s objectives. The trustees have complied with their duty to have due regard to the guidance on public benefit published by the commission thus exercising their powers and duties. **TAR** April 2019 3 ## **Additional details of objectives and activities (Optional information)** You **may choose** to include further statements, where relevant, about: - policy on grantmaking; - policy programme related investment; - contribution made by volunteers. **TAR** April 2019 4 Section D Achievements and performance **Summary of the main** The charity has received donations of £296,322.10 and made grants of **achievements of the charity** £90,000 to maintain the mental health unit run by the charity Centrepoint. **during the year** Please reference the attached letter from Centrepoint confirming the work undertaken during the year for the public benefit as a direct result of donations received from the Keaton Emery Memorial Fund. It is anticipated that the Keaton Emery Memorial Foundation’s approach to fundraising and donations will not change in the forthcoming year. The objectives remain the same as stated in the constitution dated 21 November 2017. Information regarding the impact the grants to Centrepoint have made are put on the Keaton Emery Memorial Foundation website. Individuals and companies who have made donations in the past are informed directly by email. No other contact is made and no undue pressure is placed on anyone to give money or other property. No complaints have been received by the charity. ## **Section E Financial review** **Brief statement of the** The material investments are held within a Unit Trust managed by Ascot **charity’s policy on reserves** Lloyd. The charity has a broad portfolio of investments; the major risk to these is the performance of the stock markets in the UK and abroad. However, the trustees have instructed AL to take a low risk approach to the investments. **Details of any funds materially in deficit** ## **Further financial review details (Optional information)** You **may choose** to include additional information, where relevant about: - the charity’s principal sources of funds (including any fundraising); - how expenditure has supported the key objectives of the charity; - investment policy and objectives including any ethical investment policy adopted. **Section F Other optional information** **TAR** April 2019 5 ## **Plans for the future** The charity plans to grant £85,000.00 to Centrepoint (Manchester) annually to fund the continued employment of two mental health workers. The principal aims and objectives of the charity will be the same as those set out in the constitution. No activities are planned to achieve them, the grant of £85,000.00 will be made from the charity’s investment income together with further donation(s) from Denise and Peter Emery in memory of their son Keaton for whom the charity was established. ## **Section G Declaration** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s)** _Denise R Emery_ **Full name(s)** Denise Rosamund Emery **Position (eg Secretary, Chair,** Chair **etc) Date** 15 October 2020 **TAR** April 2019 6 The Keaton Emery Memorial Foundat"on 1175870 Annual accounts for the eriod CC39a Penod start da To Pwir*J end 1st August 2019 31st July 2020 Section A Statement of financial activities Des¢ApUon$ by natural category Unrestricted funds Restricted incoffle funds EndowTrent funds Total last year Total this year Incoming resourc8S Cash Donaiions Inve51fflenl 00n81￿nS Gitt Tax 88nk Interest Inve51menl Inccme 104,824 104,824 143,438 121.708 31,176 96 44,283 340.704 24,755 10 49,89S 179,484 24,755 10 49,895 179.484 Total in¢oming resourc R¢sources expgnd•d {notO5 3 & 41 Dofflation$ to c£rttrè￿￿t 85.000 8.224 85,000 8.224 90.000 7.249 253 780 483 I￿$trn*￿t Wanagement Fees Website 600 313 600 313 Colww Charge Total resources expended N•tirtomlnty{outgolngJ resources before trart$fo 94.137 94.137 98,765 85.347 85,347 241,936 Gross transfets between funds Net incomlnty(o¢rtgoing} resources béfo otb¢rr8cognIsedgaln￿{loss0Sj 85,347 8S,347 241.936 Other recognised gainslllossesl Los$ on Disposal of Inveslrnents Loss on Decrease In Market Value on Investmenl Assets 3,063 164.963 164,963 Net movement in fund5 79.616 79,616 244.999 Total fund$ brought fO￿ard 1,450,180 1.450,180 1,205.181 Totsl funds eanied fonvanl 1.370.564 1,370.564 1.450.180 Section B Balance sheet Total this year Totsl last year Fixed assets Investments (Note 51 Total fixed assets 1.236,648 1.314,232 1,314,232 Current assets Debtors Cash in hand {Note 6) 52,$48 82.748 29,130 108,378 137.508 Total current assets Creditors: amounts falling due within one year (Note 7) 1.380 1,560 Net cuffent assets/(liabilitles) 135,948 Total assets less ¢urrent liabilities 1.450,180 Net assets Funds of the Charity Unrestricted funds Totsl unrestricted funds 1,370,564 1,370.564 1.450,180 1,4SO,180 Total funds 1,460.180 Signed by one or two trustees on behalf of all the trusts•s Signafvre Date of approval D•ni5e Erne 6th Jul 2021 Peter Eme 6th Jul 2021 Section C Notes to the accounts Note 1 Basis of preparation 1.1 Basis of accounting These accounts have been prepared on the basis of historic cost lexcept Ihal investments are shown at market value) in accordance with.. Accounting and Reporting by Charitses- Slalement of ReeommerKled Practice ISORP 20051". and with Financial Reportt'ng Standard5 for Smaller Enterprises IFRSSEI and wrth the Charities Act. 1.2 Change in basis of accounting There has been no change to Ihe accounting Wicies (valuation rules and methods of accounting) since last year. 1.3 Changes to prnvlous accounts No changes have been made lo accounts for previous years. Section C Notes to the account5 {contl Note 2 Accounting policies INCOMING RESOURCES Recognition of incoming resour¢es These are inclLtded in the Ststement of Financial Aclivities (SOFA) when.. the charity becomes entrtled to the resources-. the trustees are virtually certain they will receive the resources., and Ihe monetary value can be measured wrth 5Lrfficient reliabilttv. Where incomtng ￿$OUrCeS have related expendrture las with fundraising or wnlrad income) the incomTrng ¥esources and related expendrture are reported gross in the SOFA Grants and donats.ons are onty i￿￿￿e￿ tn the SOFA when the charity has unconditional enlillement to the resources. Incoming resourcès with related expgnditur& Grants and donations Tax reclaims on donatlons and gifts Contractual In¢ome and perfomiancè related grants Incoming resources fr¢)m tax Tedaims are induded in the SOFA at the same time as the gift lo which they ￿late. This Is only included in the SOFA once the related gc*Jds OT servi¢es have been delivered. Gifts In kind Grfts in kino a￿ accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribub'on are induded kn the ac¢oun15 as gifts only when sold or éistributed by the charity. Gffts in kind for use by the charity are induded in the SOFA as incoming resources when receivable. These a￿ only included in incoming resources Iwrth an equivalent amount in resources expended) where the benefft lo the charity is reasonably quat)lifiable. measurable and material. The value placeil on these resources is the estimated value lo the charity of the service or faality received. The value of any voluntary help received is not induded in the accounts but 15 described in the trustees, annual feport_ Donated sep41¢9$ and facilities Volunteer hèlp Investment income This is included in the accounts when receivable. Investment gains and lossès This indudes any gain or loss on the sale of investments and any gain or loss resulting from revalLting investments to market value at the end of the year. EXPENDITURE AND LIABILITIES Liability recognition LTrabilibes are recognised as soon as the￿ is a legal or constructive oblig*ion committing the charity lo pay out resources. Where the charty gives a grant conditions for ils payment being a specific level of service or output to k provided. such grants are onty recognised in the SOFA once the recipient of the grant has provided the specified seryice or output. These are only recognised in the accounts when a commitment h35 been made and there are no conditions to be mel ￿lating lo the grant which remain in the control of the chanty Grants with perfomanc• conditlons Grants payable without pertonnanc• conditiony ASSETS Tangiblè fix¢d assets for us• These are capitslised rf they can be used for more than one year. and ￿$1 at least £300. They by charity are valued at cosl or a reasonable value on re¢eipl. Invèstments Investments quoted on a recognised stock exchange a￿ valued at market value al the year end. Other investment assets are included at tAJStees' best e5ts.mate of market value. Section C Notes to the accounts (conti Note 3 Detsils of certain items of expenditure 3.1 Trustee expenses This year Last year Number of trustees who wére paid expenses Nature of the expens Total amount pald 3.2 F••$ for examination or audit of the accounts This year La$t year Indep¥nd•nt examinefs or auditorn. fees for reporting on the accounts Othèr fees Ifor examplè.. advice. consultancy. accountsn¢y services) paid to the indap8ndant examiner or audstor 600.00 780.00 Section C Notes to the accounts Icontl Note 4 Paid employees 4.1 Staff Costs Thi$ year Last year Gross wages, salaries and benefits in kind Total staff costs 4.2 Avèrago number of full-time equivalent employees in the year The parts of the charity in which thè Direct Charitable employees work Thls year Number Last yèar Number Total Section C Notes to the accounts l¢ontl Note 5 Investment assets 5.1 Fixed assets investments Carrying Imarkell value at beginning of year Add- additions lo investments al cost 1.314.232 87,406 28 Less- disposals at carrying value Addlldgdu¢tl.' nel gainlllossl on revaluation Carrying Imarket} value at end of year 164,962 1.236.648 Analysis of investments Market value at year end Income from investhlènts for the year 49.895 Investments Held In Transact General Investment Account 1,236,648 Totsl 1.236,648 49,895 Section C Notes to the accounts Icontl Note 6 Debtors and prepayments Analysis of dèbtors Amounts falling due within one year This year Last year Amounts falling due after more than one year This year Last year Donations Debtor Gift Aid Dgbtor 202 28,928 52.310 Total Nots7 Creditors and accruals 7.1 Analysi5 of creditors Amounts falling duo within one year This year Last yèar Amounts falling due after more than one year This year Last year Accruals and deferred income 1.380 Totsl 7.2 Security over assets None Independent examiner's report on the accounts Section A Independent Examinerfs Report Report to the trusteesl members of The Keaton Emery Memorial Foundation On accounts for the year ended 31" July 2020 Charity no lif any) 1175870 Set out on pages 1to3 Respective The charity's trustees are responsible for the preparation of the accounts. responsibilities of The charity's trustees consider that an audit is not required for this year trustees and examiner under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to". examine the accounts under seclion 145 of the Charities Act, to follow the prO￿dureS laid down in the general Directions given by the Charity Commission {under seclion 14515}{bl of the Charities Act, and to state whether particular matters have come to my attention. Basis of independent My examination was carried out in accordance with general Directions given examinerfs statement by the Charity Commission. An examination includes a review of the accounting records kept by the charrty and a comparison ofthe accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts. and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair, view and the report is limited to those matters sel oul in the statement below. Independent In connection with my examination, no matter has come to my attention examiner's statement lother than that disclosed below ") which gives me reasonable cause to believe that in, any material respect, the requirements.. to keep accounting records in accordance with section 130 of the Charilies Act., and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met". or 2. to which. in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Please delete the words in the brackets if they do not apply. Signed: Date: 6tr July 2021 Name: M A Taylor Relevant professional qualifi¢ation(sl or body (if any): F.C.C.A IER March 2012 Address: Primary House, Spring Gardens. Macclesfield. Cheshire SK10 2DX Section B Disclosure Only complete if the examiner needs to highlight malefial problems. None IER March 2012 Give here brief details of any items that the examiner wishes to disclose. None IER March 2012