2022-07-31-accounts - The Keaton Emery Memorial Foundation

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Trustees' Annual Report for the period

Period start date Period end date

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From
To
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01
08
2021
31
07
2022
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Section A Reference and administration details

TAR

April 2019

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

TAR

April 2019

Hobson Street

Macclesfield

Postcode SK11 8BS

Names of the charity trustees who manage the charity

Trustee name Office (if any) Dates acted if not for whole year Name of person (or body) entitled to appoint trustee (if any)

TAR

April 2019

Mrs Denise Emery Chair

Mr Peter Emery Mr Henry Emery

Mrs Alison Freeman

TAR

April 2019

Mrs Caroline Payne

Mr Stephen Harris

Mr Rawdon Gascoigne

Mrs Helen Leggett

Miss Jill Paton

TAR

April 2019

io Mrs Emma Bennion li 12 13 TAR April 2019

14 15 16 17 18 TAR April 2019

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

TAR

April 2019

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.

Section C Objectives and activities

Summary of the objects of the charity set out in its governing document

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:

a. advancing in life and helping young people by developing their skills, capacities and capabilities to enable them to participate in

TAR

April 2019

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:

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.

Summary of the main The trustees confirm that the charity has made a significant public activities undertaken for benefit by enabling the establishment and maintenance of the Mental the public benefit in Health Unit run by Centrepoint in Manchester, the specific benefits relation to these objects accord with the charity’s objectives. (include within this section the statutory The trustees have complied with their duty to have due regard to the declaration that trustees guidance on public benefit published by the commission thus have had regard to the exercising their powers and duties. guidance issued by the Charity Commission on public benefit)

Additional details of objectives and activities (Optional information)

TAR

April 2019

You may choose to include further statements, where relevant, about:

policy on grantmaking;
policy programme related investment;
contribution made by volunteers.

Section D Achievements and performance

Summary of the main achievements of the charity during the year

The charity has received donations of £66,900.58 and made grants of £60,000 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

TAR

April 2019

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.

Plans for the future

The charity plans to grant in the order of £80,000.00 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 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

TAR

April 2019

Full name(s)

Denise Rosamund Emery

Position (eg Secretary, Chair, etc)

Chair

Date

31 May 2023

TAR

April 2019

The Keaton Emery Memorial Foundation 1175870 CC39a Annual accounts for the period 8/1/2021 To 7/31/2022 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	8/1/2021	To	Period end date	7/31/2022
Section A Statement of fnancial activities
Note £ £ £ £ £ Incoming resources F01 F02 F03 F04 F05 Donations, legacies and Grants 79,607 - - 79,607 12,598 Interest and dividends 2,237 - - 2,237 28,701 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - *Total incoming resources* S01 81,844 - - 81,844 41,299 Resources expended (Notes 3&4) Donations and Grants 60,000 - - 60,000 60,500 legal and professional fees 9,060 - - 9,060 7,610 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - *Total resources expended* S02 69,060 - - 69,060 68,110 S03 12,784 - - 12,784 - 26,811 *Gross transfers between funds* S04 - - - - - S05 12,784 - - 12,784 - 26,811 S06 - - - - - Gains and losses on investment assets S07 - 71,739 - - - 71,739 182,038 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
		-	-	-	-	-
		- 71,739	-	-	- 71,739	182,038

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*Net movement in funds* S08 Total funds brought forward S09 *Total funds carried forward* S10	- 58,955	-	-	- 58,955	155,227
	1,525,791	-	-	1,525,791	1,370,564
	1,466,836	-	-	1,466,836	1,525,791

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Section B Balance sheet

Note Total this year Total last year £ £ Fixed assets F01 F02 Tangible assets B01 - - B02 - - Investments (Note 5) B03 1,392,384 1,471,148 *Total fxed assets* B04 1,392,384 1,471,148 Current assets Stock and work in progress B05 - - Debtors (Note 6) B06 12,492 25,154 (Short term) investments B07 - - Cash at bank and in hand B08 61,960 29,489 *Total current assets* B09 74,452 54,643 B10 - - *Net current assets/(liabilities)* B11 74,452 54,643 *Total assets less current liabilities* B12 1,466,836 1,525,791 B13 - - Provisions for liabilities and charges B14 - - *Net assets* B15 1,466,836 1,525,791 Funds of the Charity Unrestricted funds B16 1,466,836 1,525,791 Designated funds B17 - - Total unrestricted funds 1,466,836 1,525,791 Restricted income funds B18 - - Endowment funds B19 - - *Total funds* B20 1,466,836 1,525,791 Signature Date of approval Denise Emery 5/31/2023 Peter Emery 5/31/2023 Creditors: amounts falling due within one year Creditors: amounts falling due after one year Signed by one or two trustees on behalf of all the trustees	Note Total this year Total last year £ £ Fixed assets F01 F02 Tangible assets B01 - - B02 - - Investments (Note 5) B03 1,392,384 1,471,148 *Total fxed assets* B04 1,392,384 1,471,148 Current assets Stock and work in progress B05 - - Debtors (Note 6) B06 12,492 25,154 (Short term) investments B07 - - Cash at bank and in hand B08 61,960 29,489 *Total current assets* B09 74,452 54,643 B10 - - *Net current assets/(liabilities)* B11 74,452 54,643 *Total assets less current liabilities* B12 1,466,836 1,525,791 B13 - - Provisions for liabilities and charges B14 - - *Net assets* B15 1,466,836 1,525,791 Funds of the Charity Unrestricted funds B16 1,466,836 1,525,791 Designated funds B17 - - Total unrestricted funds 1,466,836 1,525,791 Restricted income funds B18 - - Endowment funds B19 - - *Total funds* B20 1,466,836 1,525,791 Signature Date of approval Denise Emery 5/31/2023 Peter Emery 5/31/2023 Creditors: amounts falling due within one year Creditors: amounts falling due after one year Signed by one or two trustees on behalf of all the trustees	Note Total this year Total last year £ £ Fixed assets F01 F02 Tangible assets B01 - - B02 - - Investments (Note 5) B03 1,392,384 1,471,148 *Total fxed assets* B04 1,392,384 1,471,148 Current assets Stock and work in progress B05 - - Debtors (Note 6) B06 12,492 25,154 (Short term) investments B07 - - Cash at bank and in hand B08 61,960 29,489 *Total current assets* B09 74,452 54,643 B10 - - *Net current assets/(liabilities)* B11 74,452 54,643 *Total assets less current liabilities* B12 1,466,836 1,525,791 B13 - - Provisions for liabilities and charges B14 - - *Net assets* B15 1,466,836 1,525,791 Funds of the Charity Unrestricted funds B16 1,466,836 1,525,791 Designated funds B17 - - Total unrestricted funds 1,466,836 1,525,791 Restricted income funds B18 - - Endowment funds B19 - - *Total funds* B20 1,466,836 1,525,791 Signature Date of approval Denise Emery 5/31/2023 Peter Emery 5/31/2023 Creditors: amounts falling due within one year Creditors: amounts falling due after one year Signed by one or two trustees on behalf of all the trustees
	Signature Date of approval
	Denise Emery	5/31/2023
	Peter Emery	5/31/2023

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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 Recomm and with the Charities Act.

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

mended Practice (SORP 2005);

n rules and methods of accounting) since last year .

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Section C Notes to the accounts (co

Note 2 Accounting policies	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 sufcient 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	Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the 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 beneft to the charity is reasonably quantifable, measurable and material_._
	The value placed on these resources is the estimated value to the charity of the service or
	facility received.
Volunteer help	The value of any voluntary help received is not included in the accounts but is described in the 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 specifc 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 specifed 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 fxed 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.

Stocks and work in progress These are valued at the lower of cost or market value.

This year Last year None None Nature of the expenses Total amount paid None None 3.2 Fees for examination or audit of the accounts This year Last year £ £ None None None None 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
	None	None

	None	None
	This year £	Last year £
	None	None
	None	None

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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

Note 4 Grantmaking

4.1 Total value of grants

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Grants to
institutions
Purpose for which grants made Total amount
£
To support the establishment and maintenance of a Mental Health -
Unit 60,000.00
-
-
-
-
Total 60,000
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4.2 Grants made to institutions

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Names of institutions Purpose
Centrepoint Registered Charity
No 292411 To support its mental health team
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Total grants to institutions

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Grants to
individuals
Total amount
£
-
-
-
-
-
-
-
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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 - - - - - -
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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 value Add/(deduct): net gain/(loss) on revaluation Carrying (market) value at end of year

£ 1,471,148 50,177 - 57,763 - 71,178 1,392,384

5.2 Analysis of investments Cash held as part of the investment portfolio Total Investment properties Investments listed on a recognised stock exchange or held in common 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 Other investments	9.2 £ Market value at year end
	-
	1,392,384
	-
	-
	-

	-
	1,392,384

5.3 Material investment holdings

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Market value
at year end
Investment held £
Aegon Property Income Fund 26,690
IFSL Avellemy 5 Fund 1,365,694
-
-
Total 1,392,384
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(c

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9.3
Income from
investments
for the year
£
-
1,990
-
-
-
-
1,990
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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 £
-	-	-	-
-	-	-	-
12492	25154	-	-
-	-	-	-
12492	25154	-	-

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ntl CC17a IExcell 19 0610112023

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.

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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

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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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CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of The Keaton Emery Memorial Foundation On accounts for the year ended 31 July 2022 Charity no (if any) 1175870 Set out on pages 1 to g Sections A, B and C I report to the trustees on my examination of the accounts of the above harty ('Ihe Trust") for the year ended 3110712021. Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordan with the requirements of the Charities Act 2011 ("the Acr}. I report in respect of my examination of the Trust's accounts carried out under section 145 ofthe 2011 Act and in carying out my examination, I have followed the applicable Directions given by the Charity Comrnission under section 145(5}{b) of the Act. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect= accounting records Yre not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records Independent examiner's statement I have no concems 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: 31 L3 Name: F N Edwards Relevant professional qualification(sl or body (if any): FCA Address: Harefield House Aldedey Road, Wilmslow Cheshire, SK9 1 RA IER October 2018