Trustees’ Annual Report for the period
From 01 January 2024 to 31 December 2024
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 | ||
|---|---|---|
| Policy on grant making | Para 1.38 | The charity is a grant-making foundation and makes donations to active UK registered charities. The Kester Foundation will only make grants to UK registered charities. Two of the major donors sit on the board. |
| Policy on social investment including program related investment |
Para 1.38 | |
| Contribution made by volunteers |
Para 1.38 | |
| 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. Three annual grants of £10k p.a. have been agreed to the following UK registered charities: The Fore Francis Crick Institute Sutton Trust |
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 | 01/01/2024 – 31/12/2024 | Kester Capital LLP | ||
| Robert Cameron Crockett |
01/01/2024 – 31/12/2024 | Kester Capital LLP | ||
| Patricia Hamel | 01/01/2024 – 31/12/2024 | 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 12/09/2025
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Kester Foundation 1198870
Receipts and payments accounts CC16a
For the period 01/01/2024 31/12/2024
To
from
Section A Receipts and payments
Unrestricted Restricted Endowment
Total funds Last year
funds funds funds
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
10/03/23 C Crockett donation 0.00 0.00 0.00 0.00 19.71
07/06/23 C Crockett donation 0.00 0.00 0.00 0.00 39,980.29
07/06/2023 C Crockett donation 0.00 0.00 0.00 0.00 4.93
07/06/2023 A Maidment donation 0.00 0.00 0.00 0.00 40,000.00
24/08/23 HMRC charities credit for Gift Aid 0.00 0.00 0.00 0.00 19,995.07
06/10/23 PayPal credit 0.00 0.00 0.00 0.00 0.01
2912/23 bank interest business reserve
0.00 0.00 0.00 0.00 14.30
account
29/12/2023 - Liquidity Manager Acc
Interest Received 119.96 0.00 0.00 119.96 -
31/01/2024 - Business Reserve Acc
19.68 0.00 0.00 19.68 -
Interest Received
28/02/2024 - Business Reserve Acc
17.32 0.00 0.00 17.32 -
Interest Received
28/03/2024 - Business Reserve Acc
7.21 0.00 0.00 7.21 -
Interest Received
30/04/2024 - Business Reserve Acc
0.08 0.00 0.00 0.08 -
Interest Received
31/05/2024 - Business Reserve Acc
0.07 0.00 0.00 0.07 -
Interest Received
28/06/2024 - Business Reserve Acc
0.07 0.00 0.00 0.07 -
Interest Received
30/07/2024 - Business Reserve Acc
Interest Received 0.08 0.00 0.00 0.08 -
30/08/2024 - Business Reserve Acc
Interest Received 0.07 0.00 0.00 0.07 -
30/09/2024 - Business Reserve Acc
0.07 0.00 0.00 0.07 -
Interest Received
29/102024 - Business Reserve Acc
0.07 0.00 0.00 0.07 -
Interest Received
29/11/2024 - Business Reserve Acc
0.06 0.00 0.00 0.06 -
Interest Received
31/12/2024 - Business Reserve Acc
0.07 0.00 0.00 0.07 -
Interest Received
31/01/2024 - Liquidity Manager Acc
283.21 0.00 0.00 283.21 -
Interest Received
29/02/2024 - Liquidity Manager Acc
249.82 0.00 0.00 249.82 -
Interest Received
28/03/2024 - Liquidity Manager Acc
242.01 0.00 0.00 242.01 -
Interest Received
30/04/2024 - Liquidity Manager Acc
286.13 0.00 0.00 286.13 -
Interest Received
31/05/2024 - Liquidity Manager Acc
269.81 0.00 0.00 269.81 -
Interest Received
28/06/2024 - Liquidity Manager Acc
244.56 0.00 0.00 244.56 -
Interest Received
31/07/2024 - Liquidity Manager Acc
270.99 0.00 0.00 270.99 -
Interest Received
30/08/2024 - Liquidity Manager Acc
172.77 0.00 0.00 172.77 -
Interest Received
30/09/2024 - Liquidity Manager Acc
179.07 0.00 0.00 179.07 -
Interest Received
31/10/2024 - Liquidity Manager Acc
179.63 0.00 0.00 179.63 -
Interest Received
29/11/2024 - Liquidity Manager Acc
168.57 0.00 0.00 168.57 -
Interest Received
31/12/2024 - Liquidity Manager Acc
186.55 0.00 0.00 186.55 -
Interest Received
Sub total (Gross income for
2,897.93 0.00 0.00 2,897.93 100,014.31
AR)
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CCXX R1 accounts (SS)
15/07/2025
1
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A2 Asset and investment sales,
(see table).
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 -
Sub total 0.00 0.00 0.00 0.00 -
Total receipts 2,897.93 0.00 0.00 2,897.93 100,014.31
A3 Payments
08/06/23 Macmillan donation 0.00 0.00 0.00 0.00 500.00
15/06/23 Rivertime Boat Trust donation
0.00 0.00 0.00 0.00 250.00
06/07/23 Prostate Cancer UK donation
0.00 0.00 0.00 0.00 1,000.00
01/09/23 MNDA donation 0.00 0.00 0.00 0.00 250.00
05/09/24 Osborne Clarke legal costs 0.00 0.00 0.00 0.00 1,800.00
06/10/23 Lincoln College Vacation Project
donation 0.00 0.00 0.00 0.00 250.00
06/10/23 Cancer Research UK donation
0.00 0.00 0.00 0.00 500.00
10/11/23 Sparkle (South Wales) donation
0.00 0.00 0.00 0.00 1,000.00
17/11/23 Movember Foundation donation
0.00 0.00 0.00 0.00 500.00
21/11/23 Barnardos donation 0.00 0.00 0.00 0.00 2,500.00
14/12/23 Wavebreakers 2023 donation
0.00 0.00 0.00 0.00 250.00
12/03/2024 The Sutton Trust Donation 7,500.00 0.00 0.00 7,500.00 -
12/03/2024 The Francis Crick Institute
Donation 7,500.00 0.00 0.00 7,500.00 -
19/03/2024 WaterAId Donation 100.00 0.00 0.00 100.00 -
11/06/2024 Growing well Donation 100.00 0.00 0.00 100.00 -
12/08/2024 The Sutton Trust Donation 2,500.00 0.00 0.00 2,500.00
12/08/2024 The Francis Crick Institute
Donation 2,500.00 0.00 0.00 2,500.00 -
27/08/2024 MNDA(Motor Neuron Disease
Association) Donation 500.00 0.00 0.00 500.00 -
09/09/2024 Macmilan Donation 250.00 0.00 0.00 250.00 -
26/06/2024 Scouts Donation 100.00 0.00 0.00 100.00 -
14/10/2024 Barnardos Donation 1,000.00 0.00 0.00 1,000.00 -
09/12/2024 Crohn's & Colitis UK Donation
500.00 0.00 0.00 500.00 -
0.00 0.00 0.00 0.00 -
Sub total 22,550.00 0.00 0.00 22,550.00 8,800.00
A4 Asset and investment
purchases, (see table)
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
Sub total 0.00 0.00 0.00 0.00 -
Total payments 22,550.00 0.00 0.00 22,550.00 8,800.00
Net of receipts/(payments) -19,652.07 0.00 0.00 -19,652.07 91,214.31
A5 Transfers between funds 0.00 0.00 0.00 0.00 -
A6 Cash funds last year end 91,214.31 0.00 0.00 91,214.31 -
Cash funds this year end 71,562.24 0.00 0.00 71,562.24 91,214.31
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CCXX R2 accounts (SS)
15/07/2025
2
| Section B Statement of assets and liabilities at | 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 Agreement Error 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 |
CCXX R3 accounts (SS)
15/07/2025
3