## **Trustees’ Annual Report for the period**
**From 01 January 2023 to 31 December 2023**
## **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 is a grant-making foundation and makes donations to active UK registered Para 1.38 Policy on grant making charities. 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|Two of the trustees have contributed seed
capital in order to fund a range of donations
across a variety of UK registered charities:
Macmillan
Trust,
Cancer
Research
UK,
Bernardo’s, Prostate Cancer UK and Movember
Foundation to name a few.|
**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|**Balances are held across three different**
**types of bank accounts in order to**
**maximise interest and liquidity.**|
|Amount of reserves held|Para 1.22|**Please refer to the financial statements**
**provided.**|
|Reasons for holding zero
reserves|Para 1.22|**n/a**|
|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|14-16 Bruton Place
LONDON
W1J 6LX|
## **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||01/01/2023 – 31/12/2023|Kester Capital LLP|
||Robert Cameron
Crockett||01/01/2023 – 31/12/2023|Kester Capital LLP|
||Patricia Hamel||01/01/2023 – 31/12/2023|Kester Capital LLP|
– Corporate trustees names of the directors at the date the report was approved
**Director name n/a**
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** 12/09/2024
**Kester Foundation**
**1198870**
**Receipts and payments accounts For the period** 01/01/2023 31/12/2023 **To from**
**CC16a**
|**Section A Receipts and payments**|**Section A Receipts and payments**||||||
|---|---|---|---|---|---|---|
|**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest**
**£**
**19.71**
**39,980.29**
**4.93**
**40,000.00**
**19,995.07**
**0.01**
**14.30**
**100,014.31**
~~**0.00**~~
**0.00**
**0.00**
**100,014.31**
**500.00**
**250.00**
**1,000.00**
**250.00**
**1,800.00**
**250.00**
**500.00**
**1,000.00**
**500.00**
**2,500.00**
**250.00**
**0.00**
**8,800.00**
**0.00**
**0.00**
**0.00**
**8,800.00**
**91,214.31**
**0.00**
**0.00**
**91,214.31**|**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**
**0.00**
**0.00**|**Endowment**
**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**
**0.00**
**0.00**|**Total funds**
**to the nearest £**
**19.71**
**39,980.29**
**4.93**
**40,000.00**
**19,995.07**
**0.01**
**14.30**
**100,014.31**
~~**0.00**~~
**0.00**
**0.00**
**100,014.31**
**500.00**
**250.00**
**1,000.00**
**250.00**
**1,800.00**
**250.00**
**500.00**
**1,000.00**
**500.00**
**2,500.00**
**250.00**
**0.00**
**8,800.00**
**0.00**
**0.00**
**0.00**
**8,800.00**
**91,214.31**||**Last year - N/A**
**to the nearest £**|
|10/03/23 C Crockett donation|**19.71**|||||**-**|
|07/06/23 C Crockett donation|**39,980.29**|||||**-**|
|07/06/2023 C Crockett donation|**4.93**|||||**-**|
|07/06/2023 A Maidment donation|**40,000.00**|||||**-**|
|24/08/23 HMRC charities credit for Gift Aid|**19,995.07**|||||**-**|
|06/10/23 PayPal credit|**0.01**|||||**-**|
|2912/23 bank interest business reserve
account|**14.30**|||||**-**|
|**_Sub total_**_(Gross income for_
_AR)_|**100,014.31**|||||**-**|
||||||||
|**A2 Asset and investment sales,**
**(see table).**|||||||
||~~**0.00**~~||||||
||**0.00**|||||**-**|
|**_Sub total_**|**0.00**|||||**-**|
|**_Total receipts_**
**A3 Payments**|||||||
|||||||**-**|
||||||||
|08/06/23 Macmillan donation|**500.00**|||||**-**|
|15/06/23 Rivertime Boat Trust donation|**250.00**|||||**-**|
|06/07/23 Prostate Cancer UK donation|**1,000.00**|||||**-**|
|01/09/23 MNDA donation|**250.00**|||||**-**|
|05/09/24 Osborne Clarke legal costs|**1,800.00**||||||
|06/10/23 Lincoln College Vacation Project
donation|**250.00**|||||**-**|
|06/10/23 Cancer Research UK donation|**500.00**|||||**-**|
|10/11/23 Sparkle (South Wales) donation|**1,000.00**|||||**-**|
|17/11/23 Movember Foundation donation|**500.00**|||||**-**|
|21/11/23 Barnardos donation|**2,500.00**|||||**-**|
|14/12/23 Wavebreakers 2023 donation|**250.00**|||||**-**|
||**0.00**|||||**-**|
|**_Sub total_**|**8,800.00**|||||**-**|
||||||||
|**A4 Asset and investment**
**purchases, (see table)**|||||||
||**0.00**||||||
||**0.00**||||||
|**_Sub total_**|**0.00**|||||**-**|
|**_Total payments_**
**_Net of receipts/(payments)_**
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_**|||||||
|||||||**-**|
||||||||
||**91,214.31**|**0.00**|**0.00**|**91,214.31**||**-**|
||**0.00**|**0.00**|**0.00**|**0.00**|
|**-**|
||**0.00**|**0.00**|**0.00**|**0.00**||**-**|
||**91,214.31**|**0.00**|**0.00**|**91,214.31**||**-**|
**Section B Statement of assets and liabilities at the end of the period** CCXX R1 accounts (SS) 1
17/09/2024
|**Categories**
**B1 Cash funds**|**Details**|**Unrestricted**
**funds**
**to nearest £**
**0.00**|**Restricted**
**funds**
**to nearest £**
**0.00**|**Endowment**
**funds**
**to nearest £**|
|---|---|---|---|---|
|||**0.00**|**0.00**|**-**|
CCXX R2 accounts (SS)
17/09/2024
2
||||||**0.00**|||||**0.00**|||**-**|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||**0.00**|||||**0.00**|||**-**|
|||**_Total cash funds_**|||**0.00**|||||**0.00**|||**-**|
||(agree|balances with receipts and payments||||||||||||
||||account(s))||Agreement Error||OK|||||OK||
||||||**Unrestricted**||**Restricted**|||||**Endowment**||
||**Details**||||**f**
**d**
**to nearest £**||**to**|**f**
**d**
**nearest £**||||**f**
**d**
**to nearest £**||
|**B2 Other monetary assets**|||||**0.00**|||||**0.00**|||**-**|
||||||**0.00**|||||**0.00**|||**-**|
||||||**0.00**|||||**0.00**|||**-**|
||||||**0.00**|||||**0.00**|||**-**|
||||||**0.00**|||||**0.00**|||**-**|
||||||**0.00**|||||**0.00**|||**-**|
||**Details**||||**Fund to which**
**asset belongs**||**Cost**||**(optional)**|||**Current value**
**(optional)**||
|**B3 Investment assets**||||||||||**0.00**|||**-**|
|||||||||||**0.00**|||**-**|
|||||||||||**0.00**|||**-**|
|||||||||||**0.00**|||**-**|
|||||||||||**0.00**|||**-**|
||**Details**||||**Fund to which**
**asset belongs**||**Cost**||**(optional)**|||**Current value**
**(optional)**||
|**B4 Assets retained for the**||||||||||**0.00**|||**-**|
|**charity’s own use**||||||||||**0.00**|||**-**|
|||||||||||**0.00**|||**-**|
|||||||||||**0.00**|||**-**|
|||||||||||**0.00**|||**-**|
|||||||||||**0.00**|||**-**|
|||||||||||**0.00**|||**-**|
|||||||||||**0.00**|||**-**|
|||||||||||**0.00**|||**-**|
|**B5 Liabilities**|**Details**||||**Fund to which**
~~**liability relates**~~||**Amount due**
~~**(optional)**~~
**0.00**|||||**When due**
~~**(optional)**~~||
|||||||||||**0.00**||||
|||||||||||**0.00**||||
|||||||||||**0.00**||||
|||||||||||**0.00**||||
|Signed by one or two trustees on
behalf of all the trustees||Signature|||Print|Name||||||Date of
approval||
||||||Patricia||Hamel|||||12/09/2024||
|||||||||||||||
CCXX R3 accounts (SS)
17/09/2024
3
**Independent examiner's report on the accounts**
## **Section A Independent Examiner’s Report**
|**Report to the trustees**
**On accounts for the year**
**ended**
**Set out on pages**|Charity Name
Kester Foundation|Charity Name
Kester Foundation|Charity Name
Kester Foundation|
|---|---|---|---|
|||||
||31/12/2023|**Charity no**
**(if any)**|**1198870**|
|||||
||1-2
(remember to include the page numbers of additional sheets)|||
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended **31 / 12 / 2023** .
**Responsibilities and** As the charity's trustees, you are responsible for the preparation of the **basis of report** 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 all 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 matters have
- **examiner's statement** come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
- the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
* _Please delete the words in the brackets if they do not apply._
**Date:** 17/09/2024
**Signed: Name:** Sophia Corrodi **Relevant professional** _n/a_ **qualification(s) or body (if any):**
1
**Oct 2018**
**IER**
Flat 3
**Address:**
6 Monmouth Place
London W2 5SA
## **Section B Disclosure**
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
**Give here brief details of any items that the examiner wishes to disclose** .
2
**Oct 2018**
**IER**