## **The Emerson Trust** **Trustees’ Annual Report & Financial Statements** **for the Financial Period** **from 6[th] April 2022 to 5[th] April 2023** The Emerson Trust ## **Reference & Administrative Details** ## **Charity Details** Name : The Emerson Trust Number: 1177695 Address: 40 Edith Road, London W14 9BB ## **Trustees** |Trustee|Date of appointment|Date of resignation| |---|---|---| |Julia Browning|26thMarch 2018|n/a| |Rachel Langton|26thMarch 2018|n/a| |AnthonyRice|26thMarch 2018|n/a| |LucyVernall|26thMarch 2018|n/a| ## **Structure, Governance & Management** ## **Structure and governing document** Structure : Charitable Incorporated Organisation Governing document : Constitution ## **Appointment of trustees** Trustees are appointed by a resolution passed at a meeting of the charity trustees. There must be at least three trustees, all of whom must be natural persons aged 16 or more. ## **Objects and Activities** ## **Object of the charity** The object of the CIO is to advance the education of primary school children who have special educational needs (“SEN”) that are not separately or fully addressed by the children’s school(s). ## **Activities of the charity** The charity achieves its object by providing grants to help fund qualified specialist tuition for SEN children whose parent(s) or other responsible adult(s) could not otherwise afford the fees. The charity’s policy is to require a contribution from the parent(s) / responsible adult(s). The charity also funds group sessions for SEN children from local schools. The charity has an arrangement with Emerson House LLP (“EH”), a special needs learning centre, whereby EH has committed, regardless of demand for places from elsewhere, to provide at least two places each term to children funded by the Charity and to give a 20% discount on the fees for such places. Notwithstanding this, the Charity is open to funding places at other special needs schools where appropriate and/or more cost-effective. Page 1 of 6 The Emerson Trust ## **Achievements during the year** During the year, the charity started funding “Catch up Clubs”, where small groups of children from a local school who are behind in either literacy and/or mathematics attend Emerson House one afternoon a week during term time. The Trustees believe these clubs have been very successful and consider them very good value for money. ## **Public benefit** The trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the charity’s objects and policies in respect of the making of grants. The trustees agreed on a series of actions and policies in order to ensure public benefit in the disbursement of the initial funds available to the charity, including: - agreeing a process for identifying suitable pupils for support and for applying financial means-testing of the pupil’s family or alternative sources of support; - giving guidance to parents and other applicants for support towards obtaining state support for their child’s special needs; - ensuring that the charity follows best practice in critical areas including safeguarding and privacy; - deciding to identify and approach a primary school local to EH with the intention of establishing a partnership arrangement with the school to provide funding of groups of pupils in touch typing and/or literacy tuition; - negotiating with EH of a further significantly discounted rate for its teaching services for the specialist tutoring of individual or groups of pupils; - agreeing to seek a longer term programme of funding for the charity once it had established a track record in the individual pupil and local school partnership programmes. ## **Financial Review** ## **Summary of finances for the year (and the previous period)** - Total receipts in the year were £3,112 (£10,993). - Total payments were £11,607 (£6,669), of which £119 was spent on administration and £11,488 was spent directly on funding the programmes at Emerson House. - At the year end, the Charity had £10,707 in cash (£19,202). ## **Statement of the Charity's Policy on Reserves** The Charity has _de minimis_ recurring income or overheads. Reserves at each year end are therefore calculated taking into account existing accrued obligations, the coming year’s anticipated overheads, and any existing commitments to grantees. At 5[th] April 2023, Reserves were £6,076. The Trustees have set a Reserves Target of £5,000. ## **Details of Any Funds Materially in Deficit** The charity had no funds which were materially in deficit at the date of the statement of assets & liabilities. ## **Status of the Charity’s Finances** The Charity had no restricted or designated funds at the year end. Page 2 of 6 The Emerson Trust ## **Particulars of Any Outstanding Guarantee Given by the Charity** The charity has given no guarantee where potential liability was outstanding at the date of the statement of assets & liabilities. ## **Particulars of Any Outstanding Debt** The charity had no outstanding debts which were secured by an express charge on any of the assets of the charity at the date of the statement of assets & liabilities. ## **Declaration** The Trustees declare that they have approved the above report and authorised that it be signed on their behalf. …………………………………………….. Anthony Rice Date : 15[th] January 2024 Page 3 of 6 The Emerson Trust The Emerson Trust Reg15tgred chadty numbBr 1177695 Recelpts and payments accounts For the porfod from 06Apr.22 05Apr.23 Section A Receipts and payments Unrestricted futhd8 Re5tsicted funds Endowment funds IOth* Total funds Lastyear to th• M*r**tE A1 Re¢el tknetson51FIMnthe r8cwed I1￿ 2.$12 2.612 Sub tot4llGros5 incoFne forAR) 2 Asset and iwestrnetht Sa￿8,¢8¢0 Stsb lOt•l 3,112 10.993 A3Pa GranLfi rn Bfink chai985 Inlormjtw C&m￿S$￿er le95 11,488 J5 Sub total A4 Asset and inve51ment ureh**•*. *wtsb Sub rtotal 11,607 6,669 Netof ￿lpt5}(paYmellrsj A5 Tran$ftr$ be￿eTh fund$ Afj Cash funds last year end Cash funds this yearend 8A95 &495 4.324 19,202 10.707 19,202 10.7QY 14,878 19.202 Page4of6 The Emerson Trust Page5of6 The Emerson Trust Section B Slalemenl of assets and Iiatx"lilies at Ihe end of the period Unrp•lrict•d li¥t•*J fuDth t￿rtS TOMI ¢••h fvnd• ¢* i•ll• Page6of6