## **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
**----- Start of picture text -----**
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)
**----- End of picture text -----**
CCXX R1 accounts (SS)
15/07/2025
1
**----- Start of picture text -----**
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
**----- End of picture text -----**
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