## **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