Trustees’ Annual Report for the period
From 09 May 2022 to 31 December 2022
Charity name: Kester Foundation
Charity registration number: 1198870
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The object of the Kester Foundation is to advance such charitable purposes (according to the law of England and Wales) as the trustees see fit from time to time. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
General charitable purposes. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The trustees have familiarised themselves with the Commission’s guidance issued on public benefit (PB1). |
Additional information (optional) You may choose to include further statements where relevant about:
SORP reference The charity will be a grant-making foundation and intends to make donations to active UK Para 1.38 Policy on grant making registered charities: Those in contemplation are Save the Children, Barnados, Great Ormond Street Hospital and Wellcome Trust. The Kester Foundation will only make grants to UK registered charities. Two of the major donors sit on the board. Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers
Other
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | No activity in the initial financial year but the charity will be a grant-making foundation and intends to make donations to active UK charities. |
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | |
| Performance of fundraising activities against objectives set |
Para 1.41 | |
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | Please refer to the financial statements covering the same period. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | n/a as no reserves during this period. |
| Amount of reserves held | Para 1.22 | £0 |
| Reasons for holding zero reserves |
Para 1.22 | The Foundation had not yet received it’s initial donation. |
| Details of fund materially in deficit |
Para 1.24 | n/a |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | n/a |
Additional information (optional) You may choose to include further statements where relevant about:
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | |
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | CIO Association Constitution |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | Charitable Incorporate Organisation (CIO) |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | The Trustee body must have a minimum of 3 Trustees and maximum of 12. If the number falls to 2, they can only act to appoint a new Trustee. All new trustees are appointed by Written Resolution of the member, Kester Capital LLP. |
Additional information (optional) You may choose to include further statements where relevant about:
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | |
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | |
| Other |
Reference and Administrative details
| Charity name | Kester Foundation |
|---|---|
| Other name the charity uses | n/a |
| Registered charity number | 1198870 |
| Charity’s principal address | 24 Grosvenor Street LONDON W1K 4QN |
Names of the charity trustees who manage the charity
| 1 2 3 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee(if any) |
|---|---|---|---|---|
| Adam Maidment | 09/05/2022 – 31/12/2022 | Kester Capital LLP | ||
| Robert Cameron Crockett |
09/05/2022 – 31/12/2022 | Kester Capital LLP | ||
| Patricia Hamel | 09/05/2022 – 31/12/2022 | Kester Capital LLP |
– Corporate trustees names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
| Trustee name | Dates acted if not for whole year | |
|---|---|---|
| n/a | ||
Funds held as custodian trustees on behalf of others
Description of the assets n/a held in this capacity Name and objects of the n/a charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for n/a safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
| Type of adviser Name Address |
Type of adviser Name Address |
Type of adviser Name Address |
Type of adviser Name Address |
|---|---|---|---|
| Name of chief executive or names of senior staff members (Optional information) | |||
| Exemptions from disclosure Reason for non-disclosure of key personnel details n/a |
|||
| n/a |
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Full name(s) Patricia Hamel Position (eg Secretary, Trustee Chair, etc) Date 19/10/2023
| Kester Foundation | 1198870 | |||
|---|---|---|---|---|
| Receipts andpayments accounts | CC16a | |||
| For the period from |
09/05/2022 | To | 31/12/2022 |
Section A Receipts and payments
| A1 Receipts | Unrestricted funds to the nearest £ 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 |
Restricted funds to the nearest £ 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 |
Endowment funds to the nearest £ |
Total funds to the nearest £ 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 |
Total funds to the nearest £ 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 |
Last year - N/A to the nearest £ |
|---|---|---|---|---|---|---|
| 0.00 | 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 |
0.00 | - | |||
| 0.00 | 0.00 | - | ||||
| 0.00 | 0.00 | - | ||||
| 0.00 | 0.00 | - | ||||
| 0.00 | 0.00 | - | ||||
| 0.00 | 0.00 | - | ||||
| 0.00 | 0.00 | - | ||||
| 0.00 | 0.00 | - | ||||
| Sub total(Gross income for AR) |
0.00 | 0.00 | - | |||
| A2 Asset and investment sales, (see table). |
||||||
| 0.00 | 0.00 0.00 0.00 |
0.00 | ||||
| 0.00 | 0.00 | - | ||||
| Sub total | 0.00 | 0.00 | - | |||
| Total receipts A3 Payments |
||||||
| 0.00 | 0.00 | - | ||||
| 0.00 | 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 |
0.00 | - | |||
| 0.00 | 0.00 | - | ||||
| 0.00 | 0.00 | - | ||||
| 0.00 | 0.00 | - | ||||
| 0.00 | 0.00 | - | ||||
| 0.00 | 0.00 | - | ||||
| 0.00 | 0.00 | - | ||||
| 0.00 | 0.00 | - | ||||
| 0.00 | 0.00 | - | ||||
| Sub total | 0.00 | 0.00 | - | |||
| A4 Asset and investment purchases, (see table) |
||||||
| 0.00 | 0.00 0.00 0.00 |
0.00 | ||||
| 0.00 | 0.00 | |||||
| Sub total | 0.00 | 0.00 | - | |||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
||||||
| 0.00 | 0.00 | - | ||||
| 0.00 | 0.00 | 0.00 | 0.00 | - | ||
| 0.00 | 0.00 | 0.00 0.00 |
0.00 | - | ||
| 0.00 | 0.00 | 0.00 | - | |||
| 0.00 | 0.00 | 0.00 | 0.00 | - |
CCXX R1 accounts (SS)
19/10/2023
1
Section B Statement of assets and liabilities at the end of the period
| Categories Signed by one or two trustees on behalf of all the trustees B5 Liabilities B3 Investment assets B2 Other monetary assets B4 Assets retained for the charity’s own use B1 Cash funds |
Details Details Details Total cash funds (agree balances with receipts and payments account(s)) Details Details Signature |
Unrestricted funds Restricted funds to nearest £ to nearest £ 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Fund to which asset belongs Cost (optional) 0.00 0.00 0.00 0.00 0.00 Fund to which asset belongs Cost (optional) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Fund to which liability relates Amount due (optional) 0.00 0.00 0.00 0.00 0.00 Print Name Patricia Hamel |
Endowment funds to nearest £ |
|---|---|---|---|
| - | |||
| - | |||
| - | |||
| - | |||
| OK | |||
| Endowment funds to nearest £ |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| When due (optional) |
|||
| Date of approval |
|||
| Patricia Hamel | 19/10/2023 | ||
CCXX R2 accounts (SS)
19/10/2023
2