2021-07-31-accounts - The Keaton Emery Memorial Foundation

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01 08 2020

31 07 2021 To

Trustees' Annual Report for the period

Period start date Period end date

From

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

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Name of person (or body)
Dates acted if not for
Trustee name Office (if any) entitled to appoint trustee
whole year
(if any)
1 Mrs Denise Emery
2 Mr Peter Emery
3 Mr Henry Emery
4 Mrs Alison Freeman
5 Mrs Caroline Payne
6 Mr Stephen Harris
Mr Rawdon
7
Gascoigne
8 Mrs Helen Leggett
9 Miss Jill Paton
10 Mrs Emma Bennion
11
12
13
14
15
16
17
18
19
20
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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

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

Constitution

(eg. trust deed, constitution)

How the charity is constituted Charitable Incorporated Organisation (eg. trust, association, company)

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

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.

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 main objectives for the year have been to:

retain the capital of the charity already invested in a Unit Trust through Ascot Lloyd.
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.

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

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

Section D Achievements and performance

Summary of the main achievements of the charity during the year

The charity has received donations of £12,598 and made grants of £60,500 to help maintain the mental health unit run by the charity Centrepoint.

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 charity’s policy on reserves

The material investments are held within a Unit Trust managed by Ascot 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.

TAR

April 2019

Section F Other optional information

Plans for the future

The charity plans to grant in the order of £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 by further donation(s) from Denise and Peter Emery in memory of their son Keaton for whom the charity was established together with the charity’s investment income.

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 16 August 2022

TAR

April 2019

The Keaton Emery Memorial Foundation 1175870 CC39a Annual accounts for the period 1-Aug-20 To 31-Jul-21 Charity No (if any) Period start date Period end date	The Keaton Emery Memorial Foundation	The Keaton Emery Memorial Foundation	The Keaton Emery Memorial Foundation	Charity No (if any)	1175870	CC39a
	Annual accounts for the period
	Period start date	1-Aug-20	To	Period end date	31-Jul-21
Section A Statement of fnancial activities
£ £ £ £ £ Incoming resources F01 F02 F03 F04 F05 Donations, legacies and Grants 12,598 - - 12,598 129,579 Interest and dividends 28,701 - - 28,701 49,905 *Total incoming resources* 41,299 - - 41,299 179,484 Resources expended (Notes 3 & 4) Donations and Grants 60,500 - - 60,500 85,000 legal and professional fees 7,610 - - 7,610 9,137 *Total resources expended68,110 - - 68,110 94,137 - 26,811 - - - 26,811 85,347 Gross transfers between funds* - - - - - - 26,811 - - - 26,811 85,347 - - - - - Gains and losses on investment assets 182,038 - - 182,038 - 164,963 *Net movement in funds* 155,227 - - 155,227 - 79,616 Total funds brought forward 1,370,564 - - 1,370,564 1,450,180 *Total funds carried forward1,525,791 - - 1,525,791 1,370,564 Descriptions by natural* category Unrestricte d funds Restricted income funds Endowment funds Total this year Total last year *Net incoming/(outgoing) resources* *before transfers* *Net incoming/(outgoing) resources* *before other recognised gains/* *(losses)* Other recognised gains/(losses) Gains and losses on revaluation of fxed assets for the charity’s own use
		-	-	-	-	-
		182,038	-	-	182,038	- 164,963
		155,227	-	-	155,227	- 79,616
		1,370,564	-	-	1,370,564	1,450,180
		1,525,791	-	-	1,525,791	1,370,564

CC17a (Excel)

08/24/2022

Section B Balance sheet

Total this year Total last year £ £ Fixed assets F01 F02 Tangible assets - - - - Investments (Note 5) 1,471,148 1,236,648 *Total fxed assets* 1,471,148 1,236,648 Current assets Stock and work in progress - - Debtors (Note 6) 25,154 52,548 (Short term) investments - - Cash at bank and in hand 29,489 82,748 *Total current assets* 54,643 135,296 - 1,380 *Net current assets/(liabilities)* 54,643 133,916 *Total assets less current liabilities* 1,525,791 1,370,564 - - Provisions for liabilities and charges - - *Net assets* 1,525,791 1,370,564 Funds of the Charity Unrestricted funds 1,525,791 1,370,564 Designated funds - - Total unrestricted funds 1,525,791 1,370,564 - - - - *Total funds* 1,525,791 1,370,564 Date of approval Denise Emery 26-Jun-22 Peter Emery 26-Jun-22 Creditors: amounts falling due within one year (Note 7) Creditors: amounts falling due after one year (Note 7) Restricted income funds (Note 12) Endowment funds(Note 12) Signed by one or two trustees on behalf of all the trustees	Total this year Total last year £ £ Fixed assets F01 F02 Tangible assets - - - - Investments (Note 5) 1,471,148 1,236,648 *Total fxed assets* 1,471,148 1,236,648 Current assets Stock and work in progress - - Debtors (Note 6) 25,154 52,548 (Short term) investments - - Cash at bank and in hand 29,489 82,748 *Total current assets* 54,643 135,296 - 1,380 *Net current assets/(liabilities)* 54,643 133,916 *Total assets less current liabilities* 1,525,791 1,370,564 - - Provisions for liabilities and charges - - *Net assets* 1,525,791 1,370,564 Funds of the Charity Unrestricted funds 1,525,791 1,370,564 Designated funds - - Total unrestricted funds 1,525,791 1,370,564 - - - - *Total funds* 1,525,791 1,370,564 Date of approval Denise Emery 26-Jun-22 Peter Emery 26-Jun-22 Creditors: amounts falling due within one year (Note 7) Creditors: amounts falling due after one year (Note 7) Restricted income funds (Note 12) Endowment funds(Note 12) Signed by one or two trustees on behalf of all the trustees	Total this year Total last year £ £ Fixed assets F01 F02 Tangible assets - - - - Investments (Note 5) 1,471,148 1,236,648 *Total fxed assets* 1,471,148 1,236,648 Current assets Stock and work in progress - - Debtors (Note 6) 25,154 52,548 (Short term) investments - - Cash at bank and in hand 29,489 82,748 *Total current assets* 54,643 135,296 - 1,380 *Net current assets/(liabilities)* 54,643 133,916 *Total assets less current liabilities* 1,525,791 1,370,564 - - Provisions for liabilities and charges - - *Net assets* 1,525,791 1,370,564 Funds of the Charity Unrestricted funds 1,525,791 1,370,564 Designated funds - - Total unrestricted funds 1,525,791 1,370,564 - - - - *Total funds* 1,525,791 1,370,564 Date of approval Denise Emery 26-Jun-22 Peter Emery 26-Jun-22 Creditors: amounts falling due within one year (Note 7) Creditors: amounts falling due after one year (Note 7) Restricted income funds (Note 12) Endowment funds(Note 12) Signed by one or two trustees on behalf of all the trustees
	Date of approval
	Denise Emery	26-Jun-22
	Peter Emery	26-Jun-22

CC17a (Excel)

08/24/2022

Section C Notes to the ac

Note 1 Basis of preparation

1.1 Basis of accounting

These accounts have been prepared on the basis of historic co value) in accordance with:

Accounting and Reporting by Charities – Statement of Recom
and with the Charities Act.
and with the Financial Reporting Standards for Smaller Enter

1.2 Change in basis of accounting

There has been no change to the accounting policies (valuation

1.3 Changes to previous accounts

No changes have been made to accounts for previous years .

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ccounts

st (except that investments are shown at market

mmended Practice (SORP 2005);

rprises (FRSSE)

n rules and methods of accounting) since last year

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Section C Notes to the accounts (co

Note 2 Accounting policies

INCOMING RESOURCES

Recognition of incoming These are included in the Statement of Financial Activities (SoFA) when: resources · the charity becomes entitled to the resources; · the trustees are virtually certain they will receive the resources; and · the monetary value can be measured with sufficient reliability. Incoming resources with Where incoming resources have related expenditure (as with fundraising or contract income) related expenditure the incoming resources and related expenditure are reported gross in the SoFA. Grants and donations Grants and donations are only included in the SoFA when the charity has unconditional entitlement to the resources. Tax reclaims on donations Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to and gifts which they relate. Contractual income and This is only included in the SoFA once the related goods or services have been delivered. performance related grants Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the Gifts in kind amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SoFA as incoming resources when receivable. Donated services and These are only included in incoming resources (with an equivalent amount in resources facilities expended) where the benefit to the charity is reasonably quantifiable, measurable and material . The value placed on these resources is the estimated value to the charity of the service or facility received. The value of any voluntary help received is not included in the accounts but is described in the Volunteer help trustees’ annual report. Investment income This is included in the accounts when receivable. Investment gains and losses This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.

EXPENDITURE AND LIABILITIES

Liability recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

Grants with performance Where the charity gives a grant with conditions for its payment being a specific level of service conditions or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output. Grants payable without These are only recognised in the accounts when a commitment has been made and there are performance conditions no conditions to be met relating to the grant which remain in the control of the charity.

ASSETS

Tangible fixed assets for use These are capitalised if they can be used for more than one year, and cost at least £500. They by charity are valued at cost or a reasonable value on receipt. Investments Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value.

This year Last year Nature of the expenses Total amount paid £ £ 3.2 Fees for examination or audit of the accounts This year Last year £ £ None 600 Number of trustees who were paid expenses Independent examiner’s or auditors' fees for reporting on the accounts Other fees (for example: advice, consultancy, accountancy services) paid to the independent examiner or auditor	This year	Last year


	£	£
	This year £	Last year £
	None	600

CC17a (Excel)

08/24/2022

Section C Notes to the accounts

Note 6 Paid employees Please complete this note if the charity has any employees.

6.1 Staff Costs

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|||| |---|---|---| |This year|Last year| |£|£| |Gross wages, salaries and benefits in kind|- -| |Employer’s National Insurance costs|- -| |Pension costs|- -| |- -| |Total staff costs|- -| |6.2 Average number of full-time equivalent employees in the|This year|Last year| |year|Number|Number| |The parts of the charity in which the|- -| |employees work|- -| |- -| |- -| |Total|- -|

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6.3 Defined contribution pension scheme

Please complete if a defined contribution pension scheme is operated. Brief details of the scheme

The costs of the scheme to the charity for the year The amount of any contributions outstanding at the year end The amount of any contributions prepaid at the year end

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||| |---|---| |This year|Last year| |£|£|

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Section C Notes to the accounts

4.1 Total value of grants

Grants to institutions Purpose for which grants made Total amount £ To support the establishment and maintenance of a Mental Health Unit 60,000.00 Advancing in life and helping young people 500.00 - - - - Total 60,500

4.2 Grants made to institutions

Names of institutions Purpose Centrepoint Registered charity To support its mental health team no. 292411

Total grants to institutions

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4
Grants to
individuals
Total amount
£
-
-
-
-
-
-
-
----- End of picture text -----

Total amount of grants paid £ 60,000 - - - - - - - - 60,000

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Section C Notes to the accounts

Note8 Tangible fixed assets Please complete this note if the charity has any tangible fixed assets

8.1 Cost or valuation

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Freehold land Other land & Plant, Fixtures, Payments on Total
& buildings buildings machinery fittings and account and
and motor equipment assets under
vehicles construction
£ £ £ £ £ £
Balance brought - - - - - -
forward
Additions - - - - - -
Revaluations - - - - - -
Disposals - - - - - -
Transfers * - - - - - -
Balance carried - - - - - -
forward
8.2 Accumulated depreciation and impairment provisions
Basis SL or RB SL or RB SL or RB SL or RB SL or RB
Rate
Balance brought - - - - - -
forward
Depreciation charge - - - - - -
for year
Impairment provisions - - - - - -
Revaluations - - - - - -
Disposals - - - - - -
Transfers - - - - - -
Balance carried - - - - - -
forward
8.3 Net book value
Brought forward - - - - - -
Carried forward - - - - - -
----- End of picture text -----*

8.4 Revaluation

If any fixed assets have been revalued please give details of the valuer and method of valuation

* The "transfers" row is for movements between fixed asset categories.

** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction.

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Section C Notes to the accounts

Note 5 Investment assets

5.1 Fixed assets investments

Carrying (market) value at beginning of year Add: additions to investments at cost Less: disposals at carrying (market) value Add/(deduct): net gain/(loss) on revaluation Carrying (market) value at end of year

£ 1,236,648 1,318,778 - 1,137,213 52,935 1,471,148

5.2 Analysis of investments 9.2 Market value at year end £ Investment properties - Investments listed on a recognised stock exchange or held in common 1,471,147 investment funds, open ended investment companies, unit trusts or other collective investment schemes Investments in subsidiary or connected undertakings and companies - Securities not listed on a recognised Stock Exchange - Cash held as part of the investment portfolio - Other investments - Total 1,471,147

5.3 Material investment holdings

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Market value
at year end
Investment held £
Investments held in Transact General Investment Account 1,471,147
-
-
-
Total 1,471,147
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(c

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9.3
Income from
investments
for the year
£
-
28,701
-
-
-
-
28,701
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Section C Notes to the accounts (co

Note 6 Debtors and prepayments

Amounts falling due within one year	Amounts falling due within one year	Amounts falling due after more than one year	Amounts falling due after more than one year
This year £	Last year £	This year £	Last year £
-	-	-	-
-	-	-	-
25,154.0	-	52,548.0	-
-	-	-	-
25,154.0	-	52,548.0	-
Amounts falling due within one year		Amounts falling due after more than one year
This year £	Last year £	This year £	Last year £
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
.	1,380	-	-
-	1,380	-	-

7.2 Security over assets

None

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ntl CC17a IExcell 18 0812412022

Section C Notes to the accounts

Note 12 Endowment and restricted income funds

Please complete this section if the charity has any endowment or restricted income funds.

12.1 Funds held

Please give a brief description of any of the following type of funds held by the charity:

permanent endowment funds (PE);
expendable endowment funds (EE); and
restricted income funds, including special trusts, of the charity (R).
other funds .

Fund Name

Type PE, EE , R or other

Purpose and restrictions

12.2 Movements of major funds

Please give details of the movements of the major funds summarised in the restricted and endowment columns of the Statement of Financial Activities.

----- Start of picture text -----
Fund Fund
balances balances
brought Incoming Resources Gains and carried
forward resources expended Transfers losses forward
Fund names £ £ £ £ £ £
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Total Funds - - - - - -
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12.3 Transfers between funds

Please give details of any transfers between funds.

From Fund (Name) To Fund (Name) Reason Amount

12.4 Analysis of net assets between funds

£ Unrestricted funds	£ Restricted funds	£ Endowed funds	Total £
-	-	-	-
-	-	-	-
-	-	-	-

-	-	-	-

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Section C Notes to the accounts

Note 13 Transactions with related parties

If the charity has any transactions with related parties (other than the trustee expenses note 5) details of such transactions should be provided in this note. If there are no trans report, please enter “None” in the relevant boxes.

13.1 Remuneration and benefits

Please give the amount of, and legal authority for, any remuneration or other benefits pa or other related parties by the charity or any institution or company connected with it.

	Name of trustee or related party	Legal authority (eg order, governing document)	Amounts paid o
			This year £

13.2 Loans

Please give details of and amounts owing to or from the charity’s trustees or other relate the charity at the year end.

Due to trustees and related parties Due from trustees and related parties	Name of trustee or related party	Legal authority	Amoun
			This year £

13.3 Other transaction(s) with trustees or related parties

Please give details of any transaction undertaken by (or on behalf of) the charity in whic related party has a material interest.

Name of the trustee or related party	Relationship to charity	Description of the transaction(s)	This year £

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(co

s explained in sactions to

aid to a trustee

----- Start of picture text -----
or benefit value
Last year
£
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ed parties by

----- Start of picture text -----
t owing
Last year
£
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ch a trustee or

Last year £

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ote 14 Additional Disclosures

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Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ members The Keaton Emery Memorial Foundation of 31[st] July 2021 Charity 1175870 On accounts for the no (if year ended any) Set out on pages 1 and 2

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/07/2021

Responsibilities and As the charity trustees of the Trust, you are responsible for the basis of report 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 Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent I have completed my examination. I confirm that no material examiner's matters have come to my attention in connection with the statement examination which gives me cause to believe that in, any material respect:  accounting records were not kept in accordance with section 130 of the Act or  the accounts do not accord with the accounting records

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed: Date: 26 June 2022 Name: F N Edwards

Relevant FCA professional

IER

October 2018

qualification(s) or body (if any):

Address: Harefield House Alderley Road, Wilmslow Cheshire SK9 1RA

Section B Disclosure

Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

IER

October 2018

Give here brief NONE details of any items that the examiner wishes to disclose .

IER

October 2018