THE EMMOTT FOUNDATION LIMITED
ANNUALACCOUNTS AND TRUSTEES. REPORT
FOR THE YEAR ENDED 31 AUGUST 2021
REGISTERED CHARifY NO: 209033
REGISTERED COMPANY NO: 00710369

THE EMMOTT FOUNDATION LIMITED
CONTENTS
Page
Council's Report
Auditor's Report
ststement of Financial Activities
Balance sheet
Cash Flow Slalemenl
10
Notes lo the Financial Statements
Investment Schedule

THE EMMOTT FOUNDATION LIMITED
REPORT OF COUNCILOF MANAGEMENT
FOR THE YEAR ENDED 31 AUGUST 2021
Reference and administrative infomiation
The Council
MrCRDick
Sir Tim Stevenson (Retired 5 July 20211
Mrs S J Ainsworth
MrEDABames
Mrs E E A Mckendrick
Mrs M C￿gan
The Articles ofAssocialion dated 12 December 1961 established a Council of Management. All the members of Council
are Trustees of the Charity and are also Directors of the Company.
Web Address
www.emmottfoundation.org
Registered Office
10 Queen Street Place. London, EC4R 1AG
Charity Numb&r: 209033
Company Number: 00710369
Educatlon Offlcers
Mr & Mrs P Spillane
Auditors
Williamson Morton Thornton LLP, Verulam Point, Station Way, StAlbans, Herttordshire AL1 SHE
Bankers
Child & Co, 1 Fleet Street, London, EC4Y 1 BD
Administration &A¢countsncy
Haysmacintyre LLP, 10 Queen Street Place, London, EC4R 1AG
Investment Managers
UBS Wealth Management IUKI Ltd, 1 Curzon Street, London, W1 J SUB
Report of the Councll for the yoar ended 31 August 2021
The Council present their report and accounts for the year ended 31 August 2021.
The accounts have been prepared in accordance with the accounting policies sel out in note 1 to the accounts and comply
with the Charity's governing document (The Memorandum and Articles ofAssocialion dated 12 December 19611, the
Companies Act 2006 and Acwunting and Reporting by Charities. Stslement of Recommended Practice applicable lo
Charities preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic
of Ireland (Second Edition).
The report of the Council also seNes as a Directors. Report as required by S417 of the Companies Act 2006.
Structure. govemance and management
The Charity is a Company limited by guarantee and is governed by ils Memorandum and Articles of Association dated 12
December 1961.
New Council members are appointed by the Council of Management based on recommendations made by the existing
Council members. Ilvhen new members join the Council they are provided with further information regarding finances
governance and charitable objectives. The Memorandum and Articles ofAssocialion provides for a minimum of 3 and a
maximum of 11 members of Council.
The Chaiity is governed by the Council of Management who meet iwice a year in Spring and again in Summer. The
Council agrees the broad strategy and areas of activity for the Foundation. including consideration of grants. investment,
reserves and risk managèment polices and performance. There is a further'paper, meeting in November when residu81
grant items for the current academic year are reviewed and determined.

THE EMMOTT FOUNDATION LIMITED
REPORT OF COUNCILOF MANAGEMENT
FOR THE YEAR ENDED 31 AUGUST 2021
Structure, governance and management (con'ti
The day to day business of the Charity is in the hands of the Education Officers. Their functions include handling all grant
enquires, visiting families where there is a prima facie case for a grant, liaising with other charities and presenting
applications falling within the grant criteria to the trustees for their consideration. The Education Officers also run the low-
key appeal which currently largels former grant holders.
Risk Management
The Trustees have assessed the major risks lo which the Charity is exposed, in particular those related to the operation
and finances of the Charity, and are satisfied that systems are in place to mitigate exposure to the major risks. The
Trustees consider that the key risks relate to the Charity's banking and investment operations both of which are carried out
on behalf of the Charity by independent regulated entities. In addition, the Trustees perform their own checks in these
areas.
Objective and Activities
The objective of the Charity is lo make grants for education81 purposes.
The Council has had due regard to the guidance from the Charity Commission on public benefit In deciding what activities
the Charity should undertake. Accordingly grants are primarily intended for children whose parents or guardians can no
longer meet their considered financial commitments for education In either state or independent sixth forms as a result of a
family crisis such as death, severe illness, accident, divorce, desertion, loss of employment. domestic violence and
bullying. Consequently support Is often given to children of families where the household Income is very low.
Consideration will also be given lo cases where there is a major educational or pastoral problem, including the Impa￿ of
parentsl drug andlor alcohol abuse.
The present policy of the Council is lo make grants direct lo schools lo assist towards sixth form fees for students,
normally with high academic standards, capable of qualifying for entry to University. Grants are normally only considered
rf the school is also willing to make a significant contribution towards the cost of the school fees.
Grant making policy
The Foundation receives a number of enquires for grants which are dealt with by the Education Officers who then send out
standard application forms lo those enquiries which fall within the Foundation's objectives. The Educats"on Officers or their
equivalent from similar charities then usually visit the applicant once the application form is received and the case is then
prepared to the Council members for their consideration.
Achievements and Performance
The Charity each year receives more grant applications than il is able lo fund, but the Council is pleased lo assist as many
students falling within its grant criteria as is possible. The Education OffI￿[S receive progress reports from schools after
grants have been in place for five months and final reports are obtained once A level results are known. In both cases a
summary, in tabul8r fom, is presented to Council.
In the academic year 2020￿1 the Foundation assisted 79 pupils. Of these, 35 were in the Upper Sixth. In their A levels,
93.kn were grade C or above and 45Vo wereA orA".
Financial Review
Grants made during the year amounted lo £337,38512020'. £332,036). The nel decrease in resources for the year
amounted lo £11,36012020. increase £79,828). Gains on investments for the year amounted to £1,598,09912020
losses £1.681.8491. The council is satisfied with the nel financial position at 31 August 2021 of £10.820,81912020'.
£9,234,080).
The Charity received donations of £86,39012020'. £85,760) as set out in note 5 to the acwunts.
Plans for thg futura
The Foundation is managed with a view lo il being able lo continue ils activities for the future.
Key Management Personnel
The Trustees consider the board of trustees and the senior management team comprise the key management personnel
of the charity in charge of directing and controlling, running and operating the Charity on a day to day basis. All Iruslees
give of their time freely and no trustee received remuneration in the year. Details of trustees expenses and related paty
transactions are disclosed in note g lo the accounts.

THE EMMOTT FOUNDATION LIMITED
REPORT OF COUNCILOF MANAGEMENT
FOR THE YEAR ENDED 31 AUGUST 2021
Public Bonefit
The Iruslees confirm that they have complied with the duty in section 4 of the ChariliesAcl 2011 to have due regard to
public benefit guidence published by the commsion in determining the aclivites undertaken by the Charity.
Investment Policy and performance
The Council has appointed UBS Wealth Management IUKI Limited lo manage the Foundation's investments and has
given il discretionary powers. The Council accepts a medium degree of investment risk and has appointed an investrnenl
sub-commitee to meet with the investment managers On￿ a year to review the investment performance.
Reservos Pollcy
The Foundation is mainly reliant on ils return from investments to fund its charitable aims, and the￿fore has a reserves
policy which aims to provide sustainable funding for the future.
The Council seeks lo expend at least ils annual income lo fulfil ils charitable aims, and to maintain the real value of its
funds.
Fundraising Activity
The charity's income is from Its investment portfolio. No fundraising acts.vity is undertaken.
Going Concern
The Council is of the opinion that the Charity has adequate resources to continue in operational existence for the
foreseeable future and there are no material uncertainties regarding the Charity's ability lo do so.
COVID-19 Impact
Dividend income down by around 20¥0 in 2021 with the reduction expected lo partially increase in 2022. We will be
monitoring this position carefully, together with the capital value of our funds which has increased considerably but
appears lo have now stabilised.
Slalgmgnl of Coun¢il Mgmbgrs, Rg$ponsibiliti&s
Company Law requires the Council members to prepare financial statements for each financial year which give a true and
fair view of the state of the affairs of the company and of the profit and loss of the company for that period. In preparing
those financial siatements, the Council members are required to..
select suitable accounting policies and then apply them with consistency,.
observe the methods and principles in the Charities SORP
make judgements and eslimales that are reasonable and prudent.,
slate whether applicable accounting standards have been followed, subject lo any material departures disclosed and
explained in the financial stalemenls.,
prepare the financial slalements on the going concern basis unless it is inappropriate to presume that the company
will continue In business.
The Council members are responsible for keeping proper accounting records which disclose with reasonable accuracy at
any lime the financial position of the Company and lo enable them lo ensure that the financial statements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking
reasonable steps for the prevention and detection of fraud and other Irregularities.

THE EMMOTT FOUNDATION LIMITED
REPORT OF COUNCILOF MANAGEMENT
FOR THE YEAR ENDED 31 AUGUST 2021
Infomiation to Auditors
As far as the Council members are aware, there is no relevant audit information of which the Charity's auditors are
unaware.
The Council members have taken all the steps that they ought lo have taken as a Council members in order lo make
themselves aware of any relevant audit information and lo establish that the Charity's auditors are aware of that
information.
This report has been prepared in accordance with part 15 of CA200S rèlating lo Small Companies.
AUDITORS
With Section 485 of the Companies Act 2006, a resolution proposing the reappoinlmenl of Williamson Morton Thomlon
LLP as auditors lo the Company will be put to the annual general meeting.
Approved by the Council at the Meeting on 12 April 2022 and signed on its beha￿ by..
Richard Dick
Chairman of the Council

INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OFTHE EMMOTT FOUNDATION LIMITED
Opinion
We have audited the financial slalemenls of The Emmoll Foundation Limited Ilhe 'charitable company'l for the year
ended 31 August 2D21 which comprise the Statement of Financial Activities (including the income and expenditure
account), the Balance Sheet, the Statement of C8shflows and notes lo the financial slatemenls, including a summary of
significant accounting policies. The financial reporting frameworf( that has been applied in their preparation is applicable
law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting
Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practi￿1.
In our opinion, the financial statements..
give 8 true and fair view of the stste of the charitable company's affairs as al 31 August 2021 and of its incoming
resources and application of reSoUr￿s, including its income and expenditure, for the year then ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordan￿ with International Standards on Auditing IUKI IISAS IUKII and applicable law.
Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the
financial statements section of our report. We are independent of the charitable company in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard,
and we have fU￿illed our other ethical responsibilities in accordance with these requirements. We believe that the audit
evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going Concern
In auditing the financial statements, we have concluded that the Iruslees, use of the going concern basis of accounting
in the preparation of the financial statements is appropriate.
Based on thè work we have performed, we have not identified any material uncertainties relating to events or conditions
that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going con￿rn for
period of al least twelve months from when the financial slalemenls are aulhorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going con￿rn are described in the relevant
sections of this report.
Other Information
The other information comprises the information included in the annual report other than the financial slalemenls and
our auditor's report thereon. The trustees are responsible for the other information contained within the annual report.
Our opinion on the financial statements does not cover the other information and, except lo the exlenl otherwise
explicitly stated in our report, we do not express any fom of assLJrance conclusion thereon. Our responsibility is to read
the other information and, in doing so, consider whether the other informatlon Is materially inconsislenl with the financial
statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we
identify such material inconsistencies or app8renl material misslatemenls, we are required lo deletmine whether this
gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed,
we conclude that there is 8 m8terial misslalemenl of this other information, we are required lo report that fact.
We have nothing to report in this regard.
Opinions on othgr mattgrs pre$cribgd by the Companio$ Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the infoimalion given in the ttuslees, report, which includes the directors, report prepa￿d for company18W
purposes, for the financial year for which the financial statements are prepared is consislenl with the financial
slalemenls", and
the directors, report included within the trustees, report has been prepared in accordance with applicable legal
reqLJiremenls

INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OFTHE EMMOTT FOUNDATION LIMITED
Matters on whlch we are requlred to report by exceptlon
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of
the audit, we have not identified material misstatements in the trustees. report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to
report lo you if, in our opinion".
adequate accounting records have not been kept, or returns adequate for our audit have not been received from
branches not visited by us., or
the financial slalemenls are not in agreement with the accounting records and returns," or
certain disclosures of Iruslees, remuneration specified by law are not made, or
we have not received all the information and explanations we require for our audit., or
the Iruslees. were not entitled lo prepare the financial statements in accordance with the small companies regime
and tske advantsge of the small companies, exemptions in preparing the trustees. report and from the
requirement to prepare a strategic report.
Responsibilities of trustees
As explained more fully in the trustees. responsibilities statement the trustees Iwho are also the directors of the
charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and
for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary
lo enable the preparation of financial slalemenls Ihst are free from material misstatement, whether due to fraud 01 èrror.
In preparing the financial stalemenls, the trustees are responsible for assessing the charitable company's ability lo
continue as a going concern, disclosing. as applicable, matters related lo going concern and using the going concem
basis of accounting unless the trustees either intend to Iiquidale the charitable company or to cease operations, or have
no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are lo obtain reasonable sssurance about whether the financial statements as a whole are free from
material misstatement, whether due to fraud or error, and to issue an auditor's report that inclLJdes our opinion.
Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in ac¢ordan¢e with
ISAS IUKI will always detect a material misstatement when it exists. Misstaternents can arise from fraud or error and are
considered material if, individually or in the aggregate, they could re8son8bly be expected lo influence the economic
decisions of users taken on the basis of these financial stslements.
Irregularities, including fraud, are instances of non-complian￿ with laws and regulations. We design prO￿dureS in line
with our responsibilities, outlined above, lo detect material misstatements in respect of irregularities, including fraud. The
extent to which our procedures are capable of detecting irregularities, including fraud is detailed below..
Discussions with and enquiries of management and those charged with governance were held with a view to identifying
those laws and regulations that could be expected lo have a material impact on the financial slalemenls. During the
engagement team briefing, the outcomes of these discussions and enquiries were shared with the team, as well as
consideration as lo where and how fraud may occur in the entity.
The following laws and regulations were identified as being of significance lo the entity..
Those laws and regulations considered lo have a direct effect on the financial slalemenls include UK financial
reporting standards, Company Law and Charity Law.
Those laws and regulations for which non-compliance may be fundamental to the operating aspects of the charity
and therefo￿ may have a material effect on the financial slalemenls include compliance with the charitable
objectives, public benefit, data protection and employment law.
Audit Pro￿dureS undertaken in response to the potential risks relating lo irregularities (which include fraud and non-
compliance with laws and regulalionsl comprised of. inquiries of managèment 8nd the Trusteès as to whether the entity
complies with such laws and regulations., enquiries with the same concerning any actual or potential litigation or claims.,
inspection of relevant leg81 correspondence", review of Trustee meeting minutes, lesling the appropriateness of journal
entries,. and the performan￿ of analytical review to identify unexpected movements in account balances which may be
indicative of fraud.

INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OFTHE EMMOTT FOUNDATION LIMITED
Audltor's responslbllltles for the audlt of the flnanclal statements Icon'tl
No instances of material non4ompliance were identified. However, the likelihood of detecting irregularities, including
fraud, Is limited by the inherent difficulty In detecting irregularities, the effectiveness of the entity's controls, and the
nature, liming 8nd exlenl of the audit procedures performed. Irregularities that result from fr8ud might be inherently
more difficult to delecl than irregularities that result from error. As explained above, there is an unavoidable risk that
material misstalemenls may not be detected, even though the audit has been planned and performed in accordance
with ISAS IUKI.
As part of an audit in accordance with ISAS IUKI, we exercise professional judgment and maintain professional
scepticism throughout the audit. Vve also..
Identify and assess the risks of material misstatement of the financial statements, whether due lo fraud or error,
design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and
appropriate lo provide a basis for our opinion. The risk of not oletecling a material misslalemenl resulting from
fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions,
misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant lo the audit in order lo design audit prO￿dureS that are
appropriate in the Circumstan￿S, but not for the purpose of expressing an opinion on the effectiveness of the
charitable company's inlemal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting eslimales and
related disclosures made by the trustees.
Conclude on the appropriateness of the Iruslees, use of the going concern basis of accounting and, based on the
audit eviden￿ obtained, whether a material uncertainty exists related lo events or conditions that may cast
significant doubl on the charitable company's ability lo continue as a going concem. If we conclude that a
material uncertainty exists, we are required lo draw attention in our auditor's report lo the related disclosures in
the financial slalemenls or, if such disclosures are inadequate, lo modify our opinion. Our conclusions are based
on the audit eviden￿ obtained up lo the date of our auditor's report. However, future events or conditions may
cause the charitable company lo ￿ase lo continue as a going concern.
Evaluate the overall presentation, structure and conlenl of the financial stslements, including the disclosures, and
whether the financial slalemenls represent the underlying transactions and events in a manner that achieves fair
presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of
the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our
audit.
Use of our Report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of
the Companies Act 2006. Our audit work has been Ljndertaken so that we might state to the charitable company's
members those mallers we are required lo slate lo them in an auditor's report and for no other purpose. To the fullest
extent permitted by law. we do not accept or assume responsibility to anyone other than the charitable company and the
charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
CuKf
Elizabeth Irvine (Senior Statutory Auditor)
For and on behalf of
WMT, Chartered Accountsnls
Statutory Auditor
Verulam Point
ststion Way
StAlbans
Herttordshire
AL1 SHE
11 May
2022

THE EMMOTT FOUNDATION LIMITED
STATEMENT OF FINANCIAL ACTIVITIES {incorporating #n Ineome Expenditure aeeount)
FOR THE YEAR ENDED 31 AUGUST 2021
Unrestrlcted
Funds
2021
Unrestrlcted
Funds
2020
Note
INCOME FROM
Investments
Donations and legacies
336.627
86.390
408.484
85,760
Total Income
423.017
494.244
EXPENDITURE ON
Raising Funds- Investrnenl Manager Costs
112,7591
16,2181
Charitable activities
8&9
1421,6181
1408,1981
Total Expenditure
1434,3771
1414,41SI
Nel lexpenditurellincome before gains
and losses on Investmen15
111,3601
79,828
NetGainslllossesl on investments
1,598,099
11,681,849)
Net IncomellExpenditurel
1,586,739
11,602,021)
Fund Balance as at 1 September 2020
9,234,080
10,836,101
Fund Balance as at 31 August 2021
10,820,819
9,234,080
All activities relate lo continuing activities.

THE EMMOTh FOUNDATION LIMITED
BALANCE SHEET
AS AT 31 AUGUST 2021
Note
2021
2020
FIXED ASSETS
Investments
Tangible Assets
9,783,643
76
8,469,554
96
9,783,719
8,469,650
CURRENT ASSETS
Child & Co Bank Accounts
Stockbrokers accounts
Debtors
841,910
303,858
1,000
802.818
32,445
10,000
11
1,146,768
845,263
CREDITORS.. Amounts falling due
Wlthln one Year
10
109,668
80,833
NET CURRENT ASSETS
1,037,100
764,430
TOTAL NET ASSETS
10,820,819
9,234,080
Represented by:
UNRESTRICTED FUNDS
10,820,819
9,234,080
10,820,819
9,234,080
The financial statements have been prepared in accordance with the special provisions applicable lo companies
subject to the small companies, regime.
Under s454 of the Companies Act 2006, on a voluntary basis the Council can amend these financial statements rf
they subsequently prove defective.
The financial statements were approved and aulhorised for issue by the council on 12 April 2022 and were
signed below on its behalf by
Richard Dick
The notes on pages 11 10 15 form part of these financial slalemenls. The Registered Charity No. is 209033. The
Registered Company No. is 00710369

THE EMMOTh FOUNDATION LIMITED
STATEMENT OF CASH FLOWS
YEAR ENDED 31 AUGUST 2021
2021
2020
Nota
Cash used in operating activities
1310,1331
1302,2571
Cashflows from investing activities
Purchase of investments
Proceeds from sale of investments
IlncreasellDecrease in investment portfolio Cash
Investment income
12,880,753) {5,614,5661
3,164,763
5,585,332
1271,2511
35,452
336,627
408,484
349,386
414,702
Incroa$e in cash at bank and on dgPOSit
39,253
112,445
Cash at bank and on deposlt at beglnnlng of year
802,818
690,373
Cash at bank and on deposit carried forward
842,071
802,818
Note to Statement of cash flows
2021
2020
a R•¢onclllatlon of Not exp•ndltur¢ to
Net Cash outflow from Operating Actlvltles
Nel incomellexpenditurel
Increase in creditors
Decreaselllncreasel in Debtors
Investment income
Igainslllosses on investments
Depreciation
1,586,739
28,835
9,000
1336,6271
11,598,099)
19
11,602,021)
36,375
110,0001
1408,4841
1,681,849
24
1310,1331
1302,2571
b Cash and cash oquivalonts
Child & Co bank accounts
Stockbroker income account
841,910
161
802,818
842,071
802,818
Changes in net debt
At 1 September Cash Flows At 31 August
Cash at bank and in hand
802,818
39,253
842,071
10-

THE EMMOTT FOUNDATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
The Financial Statements have been prepared in accordance with applicable accounting standards. The particular
accounting policies are described below..
ACCOUNTING POLICIES
The principal accounting policies of the Charity are as follows
Ba818 of accounting
The financial slalemenls have been prepared in accordan￿ with Accounting and Reporting by Charities".
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January
20151- (Charities SORP IFRS 10211 (second edilionl, the financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021 and the Companies Act 2006.
{a)
The Emmott Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are
initially recognised at historical cost or transaction value unless otherwise staled in the relevant accounting
policy notes. The functional and presenlalional currency is sterling.
The Charity is a Company limited by guarantee and is governed by ils Memorandum and Articles of Association
dated 12 December 1961. The registered addres5 15 10 Queen Street Pla￿, London, EC4R 1AG.
{b)
Investments
Investments are staled at the middle-market values ruling al the balance sheet date.
Income arising from these investments is accounted for when il is receivable.
Realised gains and loses are calculated on pro￿edS less opening market value.
(c)
Tangibl¢ assets
Depreciation is provided lo write off tangible assets over their estimated useful lives al 200A on the wrillen down
value.
{d)
Expgnditure
Support and Overhead costs have been allocated between Governance and Charitsble activities on the basis of
lime spent and are accounted for on an accruals basis.
(0)
Taxation
The Foundation is not liable lo U.K. Taxation
If)
School Fees
School fees are accounted for in the Slalemenl of Financial Activities when they are due.
Ig)
Investment Management Fees
Investment Management fees are payable when the broker commissions fall short of the guaranteed minuimum
management sums due to the broker.
(h}
Donations Received
Donations received are accounted for In the Statement of Financial Activities on a receivable basis, with grants
subject to donor imposed Conditions specifying the lime period in which the expenditure of resources can take
place treated as deferred Income.
Going Concem
The Council is of the opinion that the Charity has adequate resources lo continue in operational existen￿ for
the foreseeable future and there are no material uncertainties regarding the Charity's ability to do so.
Cash at bank and In hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of
three months or less from the dale of acquisition or opening of the deposit similar account.

THE EMMOTT FOUNDATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
{k)
Creditors and provisions
Creditors and provisions sre recognised where the Charity has 8 prèsent oblig8lion resulting from a past event
that will probably result in the transfer of funds to a third party and the amount due to settle the obligation Can be
measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount
after allowing for any trade discounts due.
Debtors
Trade and other debtors are recognised al the settlement amount due after any trade diswunt offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
{ml Financial Instruments
The trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.
Basic financial instruments are initally recognised at transaction value and subsequently measured at their
settlement value with the eX￿pIlOn of bank loans which are subsequently measured at amortised cost using the
effective interest method.
{n)
Fund Accounting
Unreslricled funds are available lo spend on activities that further any of the purposes of the charity.
{0)
Material judgements and uncertainties
The preparation of the financial statements requires management lo make judgments, estimates and
assumptions that affect the amounts reported for assets and liabilities as 31 the balance sheet dale and the
amounts reported for revenues and expenses during the year. The nature of estimation means the actual
outcomes could differ from those eslimales. There are no judgements made that have a significant effect on the
amounts recognised in the financial stslements.
TANGIBLE ASSETS
Ioffice equipment)
Cost al 1 September 2020
Additions
2021
2020
11,598
11,598
At 31 August 2021
11,598
11,598
Depreciation al 1 September 2020
Depreciation for the year
11,502
20
11,478
24
Al 31 August 2021
11,522
11,502
Net Book Value 31 August 2021
76
LISTED INVESTMENTS
2021
2020
Listed Securities on U.K. Stock Exchange
Market Value as al 1 September 2020
8,469,554
10,122,170
Less. Disposals al opening market value
Iproceeds £3,164,763)
12,973,544)
16,002,062)
Add.. Acquistions al cost
2,880,753
5,614,566
Unrealised gainslllossesl during the year to 31 August
2021
1,406,880
11,265,120)
Market Value as al 31 August 2021
9,783,643
8,469,554
Historical cost as al 31 August 2021
9,340,105
9,405,168
12-

THE EMMOTT FOUNDATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
LISTED INVESTMENTS ICON'TI
Historical Unrealised gainlllossl as at 31 August 2021
443,538
1935,6141
Individual holding exceeding 5% of the value of investments were Pimco Global Advisors Ltd UK Corp Bd Fd
£633,62312020. £475,039).
INCOME
2021
2020
Investment Income
Non UK Investment Income
Deposit Account Interest
Stockbroker Interest
327,203
9,349
75
397,452
9,349
1,355
328
336,627
408,484
DONATIONS RECEIVED
2021
2020
Appeal
W O Street Foundation
Eleanor Hamilton
1,390
30,000
55,000
760
30,000
55,000
86,390
85,760
EDUCATION
HIGHER EDUCATION
2021
2020
Direct individual fee assistance Sixth Fon
Scholarship
Bursary
306,386
21,000
10,000
325,436
6,6DO
337,386
332,038
Allocation of Support cost
and overheads
2021 Support
Costs
2021
Governance
Costs
2021 Total
Costs
Allocatgd
2020 Total
Costs
Allocated
Staff Costs
Adminislralion
Depreciation
32.278
35,427
3,512
12,996
35,790
48,423
19
30,799
45,339
24
67,722
16,510
84,232
76,162
13-

THE EMMOTT FOUNDATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
Analysis of Charitable expenditure
Grant Funded
Activity
Support &
Governance
Costs
Total
2021
Total
2020
Education
337,386
84,232
421,618
408,198
337,386
84,232
421,618
408,198
Analysis of governance costs
2021
2020
Audit fees
Expenses reimbursed
Gross Wages
Employers Nl
Adminislralion
Depreciation
9,060
875
3,289
224
3,060
6,270
847
2,795
224
3,060
16,510
13,198
During the year the Council had adminislralive employees12020- 21. No employees earned in excess of
£60,000. The Council Consider that there are no employees that qualify as key management personnel.
Neither the Council nor persons connected with them received any remuneration or other benefits from the
Foundation.
The aggregate amount of reimbursed expenses paid lo the Council members was £012020.. £01.
The Foundation operates a defined contributions pension scheme. The assets of the scheme are held
separately from those of the Foundation in an independently administered fund. The pension cost charge
represents contributions payable by the Foundation to the fund and amounted to £Nil12019 . £01. Contributions
lolalling £Nil12020 .' £0) were payable lo the fund al the balance sheet date.
CREDITORS. amounts falling due within one year
2021
10
2020
Acwuntsncy fees
Audit fees
Wages & PAYE & NIC
Defeired Income
Expenses
School fees
5,100
7,800
1,768
95,000
12,750
6,300
3,692
55,000
591
2,500
109,668
80,833
Deferred income was from two donation's that were received in advance of the 202112022 academic year. The
prior year defered income was released in the current year.
Debtors
11
2021
2020
Pre-paid Scholarship
School fees
i 0,000
1,000
1,000
10,000
14-

THE EMMOTT FOUNDATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
Financial Instruments
2021
2020
Financial A$s9ts
Financial assets measured at fair value
Financial assets measured at amortised cost
9,783,643
1,000
8,469,554
9,784,643
8,469,554
Financial liabilities
Financial liabilities measured at amortised cost
12,900
19,641
Financial assets measured at fair value through profit or loss comprise listed shares.
13
CONTROLLING PARTY
No single paty has ultimate control over the Foundation.
14
Related Party Transactions
No Trustee or other person related to the charity had any personal interest in any contract or transaction entered
Into by the charity during the year.
15-

|**Net Income**||**£**||3,278.10|3,933.72||703.74|1,534.04||5,223.78|6,659.03|11,899.72|||4,416.12|||1,207.99||||||||||||2,504.86|3,027.14|2,193.25|2,160.30||6,686.80|2,995.02|**58,423.61**|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||**Date**|||13/01/2021|23/07/2021||20/10/2020|21/06/2021||24/09/2020|21/01/2021|14/05/2021|||08/01/2021||01/04/2021|01/04/2021||||||||||||25/09/2020|18/12/2020|26/03/2021|18/06/2021||24/11/2020|28/04/2021||
|**Market Value**|**31/08/2021**|**£**|||250,541|||113,785||||344,459||||||||213,179||||||||114,616|||||172,828|||256,740|**1,466,148**|
|**Book Value**|**31/08/2021**|**£**|||250,541.00|||113,785.00||||344,459.00||||||||213,179.00||||||||114,616.00|||||172,828.00|||256,740.00|**1,466,148.00**|
|**Holding**|**31/08/2021**||||18,732|||19,034||||85,241||||||||115,294||||||||29,276|||||58,201|||16,639||
|**Profit**|**(Loss)**|**£**||||||||6,172.58|8,462.72||||1,268.27||(1,629.25)|6,271.53|9,809.73|||(4,708.71)|(2,326.53)|(1,577.63)|(4,273.44)|(586.04)|(1,266.25)|||9,206.87|||||7,941.53||**32,765.38**|
||**Proceeds**|**£**||(74,835.00)|||(11,763.00)|||34,607.70|26,336.06|(95,843.11)|||87,729.27||19,894.00|27,589.89|30,337.46|(66,176.07)||22,172.34|43,899.19|28,671.42|86,473.72|11,179.31|23,116.60|5,902.69||56,960.95|(27,183.45)||||40,609.62|(56,722.24)|**212,957.35**|
|**Disposals**|**Quantity**|||||||||10,131|6,368||||846.00000||19,224|19,041|16,919|||6,361|11,229|7,348|22,044|2,858|5,923|||19,083|||||2,909|||
||**Date**|||31/08/2021|||31/08/2021|||20/01/2021|25/06/2021|31/08/2021|||26/08/2021||30/10/2020|20/01/2021|27/05/2021|31/08/2021||17/02/2021|05/08/2021|26/08/2021|27/08/2021|31/08/2021|31/08/2021|31/08/2021||20/01/2021|31/08/2021||||20/01/2021|31/08/2021||
||**Cost**|**£**||||||||20,875.73|27,921.62||||||39,752.40|20,965.87||||25,135.93|29,126.94|||||||29,723.63|||||44,953.85||**238,455.97**|
|**Additions**|**Quantity**|||||||||8,066|6,611||||||25,397|11,414||||7,189|8,927|||||||15,333|||||2,831|||
||**Date**|||||||||30/10/2020|25/08/2021||||||17/02/2021|25/08/2021||||20/01/2021|25/06/2021|||||||30/10/2020|||||17/02/2021|||
|**Book Value**|**01/09/2020**|**£**||175,706.00|||102,022.00|||246,127.00|||||86,461.00||149,654.00|||||296,507.00||||||||163,675.00|||||187,732.00||**1,407,884.00**|
|**Holding**|**01/09/2020**|||18,732|||19,034|||87,063|||||846.00000||133,667|||||68,923||||||||61,951|||||16,717|||
||||3i Group plc|Ordinary 73 19/22p shares||Avast Plc|Ordinary GBP0.10||Aviva|Ordinary 25p shares|||Axa Funds Management Sa|US Hgh Yield Bnds I GBP Inc||Barclays Plc|Ordinary 25p Shares||||Beazley Plc|Ordinary GBP0.05|||||||BP plc|Ordinary US$0.25 shares||||Close Brothers Group Plc|Ordinary 25p shares||**Carried Forward**|





|**Net Income**||**£**|**58,423.61**|||4,498.85|2,787.61|||||5,212.65|5,608.80|6,090.63|5,031.39|||11,470.12||||4,344.57|||1,296.69||10,014.58|4,291.96||2,094.46|932.25||||**122,098.17**|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||**Date**|||||08/10/2020|08/04/2021|||||08/10/2020|14/01/2021|08/04/2021|08/07/2021|||21/12/2020||||21/12/2020|||21/12/2020||22/10/2020|25/02/2021||11/09/2020|14/05/2021|||||
|**Market Value**|**31/08/2021**|**£**|**1,466,148**|||||326,654||27,997|||||387,152||||85,205||||||79,513|||278,234|||91,533|||211,662|**2,954,098**|
|**Book Value**|**31/08/2021**|**£**|**1,466,148.00**|||||326,654.00||27,997.00|||||387,152.00||||85,205.00||||||79,513.00|||278,234.00|||91,533.00|||211,662.00|**2,954,098.00**|
|**Holding**|**31/08/2021**|||||||9,349||18,275|||||26,481||||9,231.30000||||||740.00000|||29,710|||5,021|||39,861||
|**Profit**|**(Loss)**|**£**|**32,765.38**|||3,050.83|5,374.17|||||(13,104.03)||||||(3,476.56)||||1,810.65|||||2,703.28|||7,819.11|||(658.38)||**36,284.45**|
||**Proceeds**|**£**|**212,957.35**|||18,685.00|20,958.15|(92,041.15)||(14,812.00)||82,804.08|(1,875.52)|||||188,026.70|(466.05)|||87,542.65|||(3,611.00)||29,601.57|(43,673.29)||20,415.76|(38,561.65)||34,054.80|(41,314.27)|**458,691.13**|
|**Disposals**|**Quantity**|||||623|621|||||6,592||||||20,862.00000||||9,786.71400|||||3,407|||1,194|||8,397|||
||**Date**|||||17/02/2021|27/05/2021|31/08/2021||31/08/2021||17/02/2021|31/08/2021|||||17/02/2021|31/08/2021|||26/08/2021|||31/08/2021||27/05/2021|31/08/2021||25/06/2021|31/08/2021||30/10/2020|31/08/2021||
||**Cost**|**£**|**238,455.97**|||||||||27,243.24|50,098.35|||||29,839.21|||||||||||||||28,344.91||**373,981.68**|
|**Additions**|**Quantity**|||||||||||2,085|3,553|||||3,252.00000|||||||||||||||5,511|||
||**Date**|||||||||||30/10/2020|20/01/2021|||||20/01/2021|||||||||||||||17/02/2021|||
|**Book Value**|**01/09/2020**|**£**|**1,407,884.00**|||265,831.00||||13,185.00||403,843.00||||||246,403.00||||85,732.00|||75,902.00||261,459.00|||65,568.00|||176,716.00||**3,002,523.00**|
|**Holding**|**01/09/2020**||**Brought Forward**|Diageo Plc|Ordinary 28 101/108p shares|10,593|||Elementis|Ordinary GBP0.05<br>18,275|GlaxoSmithKline Plc|Ordinary 25p Shares<br>27,435||||Goldman Sachs Ast Mgt Fd Svcs Ltd|Emg Mkts Debt Portfolio Is GBP Dis Hgd|26,841.30000||Goldman Sachs Ast Mgt Fd Svcs Ltd|Global High Yield Portfolio Is GBP Dis|9,786.71400|Goldman Sachs Ast Mgt Fd Svcs Ltd|Emerging Mkts Corp Bd Ptf I GBP Hdg|740.00000|Ig Group Hldgs|Ordinary GBP0.00005<br>33,117||Imi|Ordinary GBP0.28571428<br>6,215||Informa Plc|Ordinary GBP0.001<br>42,747||**Carried Forward**|





|**Net Income**||**£**|**122,098.17**||1,208.02|2,687.88||1,230.09|||669.04||1,014.30|859.78|950.99|506.92||485.86|||||3,969.52||3,989.72|||||10,942.92|22,305.32||899.78|2,499.05|**176,317.36**|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||**Date**||||08/01/2021|05/08/2021||18/06/2021|||29/07/2021||30/09/2020|23/12/2020|24/03/2021|30/06/2021||25/11/2020|||||24/09/2020||25/05/2021|||||30/09/2020|28/04/2021||11/09/2020|20/05/2021||
|**Market Value**|**31/08/2021**|**£**|**2,954,098**|||151,486|||90,539||100,912|||||99,529||||100,057|||86,892|||||295,121|||384,839|||73,665|**4,337,138**|
|**Book Value**|**31/08/2021**|**£**|**2,954,098.00**|||151,486.00|||90,539.00||100,912.00|||||99,529.00||||100,057.00|||86,892.00|||||295,121.00|||384,839.00|||73,665.00|**4,337,138.00**|
|**Holding**|**31/08/2021**|||||6,892|||1,718||8,161|||||637||||7,017|||841.00000|||||674,099|||186,815.00|||29,025||
|**Profit**|**(Loss)**|**£**|**36,284.45**||4,467.29||||||||(91.63)|(2,753.29)||||416.13|(7,506.49)||||||(427.92)|3,973.67|25,942.13|||18,054.48|||||**78,358.82**|
||**Proceeds**|**£**|**458,691.13**||23,318.22|(50,747.04)||11,228.49|||(1,133.08)||24,521.17|83,395.59|65.98|||55,586.30|181,825.14|508.27|||25.00||20,959.35|19,677.32|67,504.59|(77,989.79)||69,053.17|(48,759.08)||14,745.00||**852,475.73**|
|**Disposals**|**Quantity**||||1,379||||||||158|551||||3,790|12,971||||||75,440|55,392|139,621|||29,479.00||||||
||**Date**||||20/01/2021|31/08/2021||31/08/2021|||31/08/2021||30/10/2020|24/03/2021|31/08/2021|||30/10/2020|17/02/2021|31/08/2021|||31/08/2021||30/10/2020|20/01/2021|27/05/2021|31/08/2021||27/05/2021|31/08/2021||31/08/2021|||
||**Cost**|**£**|**373,981.68**||22,450.89|||55,356.40|46,411.09||99,778.92||24,358.66|||||77,069.80|100,565.27||||||34,397.72|50,331.87||||71,557.61|||||**956,259.91**|
|**Additions**|**Quantity**||||1,165|||935|783||8,161||152|||||5,259|7,017||||||86,322|113,769||||33,912.00||||||
||**Date**||||17/02/2021|||17/02/2021|18/02/2021||02/06/2021||20/01/2021|||||20/01/2021|25/08/2021||||||17/02/2021|25/08/2021||||25/08/2021||||||
|**Book Value**|**01/09/2020**|**£**|**3,002,523.00**||97,139.00||||||||185,998.00|||||167,432.00|||||86,917.00||211,055.00|||||315,521.00|||88,410.00||**4,154,995.00**|
|**Holding**|**01/09/2020**||**Brought Forward**|Intermediate Capital Group Plc|Ordinary GBP0.2625<br>7,106||Intertek Group Plc|Ordinary shares of 1p||Ishares|Msci Japan USD Nav|Ishares|GBP Core Corporate Bond<br>1,194||||Ishares|Ishares Core UK Gilts GBP<br>11,502|||Jpmorgan Asset Mgmt(Europe)s.A.R.L|Emerging Markets Debt I2 GBP Dis Hgd|841.00000|Lloyds Banking Group|Ordinary GBP0.10<br>744,461||||M&g Plc|Ordinary GBP0.05<br>182,382.00||Moneysupermarket.Com Group Plc|Ordinary GBP0.0002<br>29,025||**Carried Forward**|





|**Net Income**||**£**|**176,317.36**|||7,382.68|||137.25|144.65|134.36|145.80|146.60|138.33|116.21|177.78|162.92|146.33|170.10|161.34||852.72|||2,784.53|2,690.87|2,282.58|2,180.67||717.78|1,295.59||4,238.38|5,543.30|||2,532.73|6,005.65||**216,606.51**||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||**Date**|||||30/04/2021|||14/09/2020|14/10/2020|13/11/2020|14/12/2020|15/01/2021|12/02/2021|12/03/2021|16/04/2021|18/05/2021|14/06/2021|14/07/2021|13/08/2021||21/09/2020|||30/09/2020|15/01/2021|31/03/2021|13/07/2021||29/09/2020|14/05/2021||29/09/2020|14/06/2021|||02/09/2020|03/06/2021||||
|**Market Value**|**31/08/2021**|**£**|**4,337,138**|||182,566||||||||||||||35,298||||||||633,623|||254,581||||297,777||||386,498|**6,127,481**||
|**Book Value**|**31/08/2021**|**£**|**4,337,138.00**|||182,566.00||||||||||||||35,298.00||||||||633,623.00|||254,581.00||||297,777.00||||386,498.00|**6,127,481.00**||
|**Holding**|**31/08/2021**|||||19,057.00000||||||||||||||379.62600||||||||58,291.00000|||16,804||||5,376||||17,713|||
|**Profit**|**(Loss)**|**£**|**78,358.82**|||||||||||||||||||28,815.06|||(69.51)|||||9,477.33|||(25,727.84)|(16,756.01)|||3,760.49|5,420.73||**83,279.07**||
||**Proceeds**|**£**|**852,475.73**|||(5,145.00)|||(1,265.00)|||||||||||||108,317.06|||22,023.58|(4,854.05)||||54,648.31|(57,116.62)||164,346.99|65,559.33|75,034.52||47,069.92|26,628.35|(82,654.91)|**1,265,068.21**||
|**Disposals**|**Date**<br>**Quantity**|||||31/08/2021|||31/08/2021|||||||||||||17/02/2021<br>14,212|||02/11/2020<br>2,059.00000|31/08/2021||||20/01/2021<br>3,844|31/08/2021||17/02/2021<br>2,644|25/08/2021<br>1,187|31/08/2021||17/02/2021<br>2,567|04/08/2021<br>1,257|31/08/2021||Page 19|
||**Cost**|**£**|**956,259.91**||||||||||||||||||||||65,014.46|30,468.42|80,340.16|||32,378.36|||30,804.57|115,466.30|62,899.82||29,620.90|21,682.24||**1,424,935.14**||
|**Additions**|**Quantity**||||||||||||||||||||||||5,881.00000|2,836.00000|7,361.00000|||3,435|||448|1,846|1,107||1,925|989||||
||**Date**||||||||||||||||||||||||21/01/2021|25/03/2021|26/08/2021|||30/10/2020|||30/10/2020|20/01/2021|04/08/2021||30/10/2020|25/08/2021||||
|**Book Value**|**01/09/2020**|**£**|**4,154,995.00**|||177,421.00|||34,033.00|||||||||||||79,502.00|||475,039.00|||||210,257.00|||436,031.00||||317,057.00|||**5,884,335.00**||
|**Holding**|**01/09/2020**||**Brought Forward**|Nordea Investment Funds S.A.(Lu)|European High Yield Bond Hai GBP|19,057.00000|Northern Trust Lux Mgmt Co Sa|Ashmore Sicav Emg Mkt Debt Z2 GBP Dis|379.62600||||||||||||Pearson Plc|Ordinary 25p shares<br>14,212|Pimco Global Advisors Irl Ltd|UK Corp Bd Fd Inst Inc GBP|44,272.00000||||Prudential Plc|Ordinary 5p shares<br>17,213||Reckitt Benckiser Group Plc|Ordinary shares of 10P<br>5,806|||Relx Plc|GBP0.1444<br>18,623|||**Carried Forward**||





|**Net Income**||**£**|**216,606.51**||5,006.10||||||2,432.87|2,511.35|2,224.20|2,279.99|||1,836.33|1,694.26|1,679.45|111.81|1,849.62|||||||2,188.20|4,939.08||1,958.88|||13,954.64|6,560.18|**267,833.47**|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||**Date**||||04/05/2021||||||22/09/2020|16/12/2020|29/03/2021|21/06/2021|||30/09/2020|31/12/2020|31/03/2021|07/04/2021|30/06/2021|||||||24/09/2020|06/05/2021||04/05/2021|||18/09/2020|11/03/2021||
|**Market Value**|**31/08/2021**|**£**|**6,127,481**|||||341,358||||||266,123|||||||271,744|||||268,788|||236,326|||216,652|||435,665|**8,164,137**|
|**Book Value**|**31/08/2021**|**£**|**6,127,481.00**|||||341,358.00||||||266,123.00|||||||271,744.00|||||268,788.00|||236,326.00|||216,652.00|||435,665.00|**8,164,137.00**|
|**Holding**|**31/08/2021**|||||||160,187||||||18,597|||||||184,860.000|||||36,215|||6,252|||48,972|||26,687||
|**Profit**|**(Loss)**|**£**|**83,279.07**||1,263.81|7,780.20|13,765.38||||16,401.49||||||183.47||||||||||||||10,403.31|||8,930.38||**142,007.11**|
||**Proceeds**|**£**|**1,265,068.21**||24,567.36|28,593.34|35,547.43|(128,184.16)|||68,073.80|(57,302.03)|||||22,553.90|(6,689.41)|||||1,515.69|||||(55,143.00)|||33,304.52|(88,785.41)||40,658.70|(95,201.09)|**1,088,577.85**|
|**Disposals**|**Quantity**||||20,661|18,453|17,096||||4,861||||||15,774.000||||||||||||||8,771|||2,487|||
||**Date**||||30/10/2020|20/01/2021|25/06/2021|31/08/2021|||20/01/2021|31/08/2021|||||30/10/2020|31/08/2021|||||31/08/2021|||||31/08/2021|||20/01/2021|31/08/2021||25/08/2021|31/08/2021||
||**Cost**|**£**|**1,424,935.14**||63,149.15|22,346.43|||||46,586.28||||||(123.96)|27,357.94|(116.53)|45,175.57|||50,062.58|59,751.44|50,186.68|110,302.99|||||19,316.80|||33,697.23||**1,952,627.74**|
|**Additions**|**Quantity**||||34,358|10,413|||||3,335|||||||18,468.000||30,558.000|||6,704|7,992|6,716|14,803|||||6,931|||2,288|||
||**Date**||||17/02/2021|25/08/2021|||||17/02/2021||||||30/09/2020|20/01/2021|31/03/2021|25/08/2021|||25/08/2021|26/08/2021|27/08/2021|31/08/2021|||||30/10/2020|||04/08/2021|||
|**Book Value**|**01/09/2020**|**£**|**5,884,335.00**||193,577.00||||||213,907.00||||||215,132.00|||||||||||181,183.00|||131,451.00|||338,495.00||**7,158,080.00**|
|**Holding**|**01/09/2020**||**Brought Forward**|Royal Bank of Scotland Group Plc|Ordinary 25p shares<br>171,626||||Royal Dutch Shell plc|Class 'B' Ordinary Euro 0.07 Shares|20,123||||Royal London Asset Management|Sterling Credit Instl A GBP Dis Nav|151,608.000|||||Sage Group|GBP0.01051948||||Schroders Plc (New Co.)|Ordinary £1 shares (Voting)<br>6,252||Smith David S Holdings Plc|Ordinary 10p shares<br>50,812||SSE Plc|GBP0.50<br>26,886||**Carried Forward**|





|**Net Income**||**£**|**267,833.47**||303.08|||1,436.72||||||13,208.26|1,518.72||3,985.56|2,373.18|5,746.53|5,310.24|||13,498.34|13,000.92|||3,406.30|4,930.52||||||**336,551.84**|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||**Date**||||04/09/2020|||08/02/2021||||||27/04/2021|06/08/2021||07/10/2020|30/12/2020|31/03/2021|30/06/2021|||05/02/2021|09/08/2021|||09/11/2020|09/07/2021|||||||
|**Market Value**|**31/08/2021**|**£**|**8,164,137**||||||||||||305,175||||||405,663||||405,046||||310,493||||193,129|**9,783,643**|
|**Book Value**|**31/08/2021**|**£**|**8,164,137.00**||||||||||||305,175.00||||||405,663.00||||405,046.00||||310,493.00||||193,129.00|**9,783,643.00**|
|**Holding**|**31/08/2021**||||||||||||||2,944.00000||||||12,837.00000||||332,114||||31,567||||9,923.00000||
|**Profit**|**(Loss)**|**£**|**142,007.11**||3,508.49|||(21,444.02)|||21,350.39||||||4,900.57|8,105.45|7,149.48|5,650.92|||(2,963.33)|6,867.37|||4,269.43|11,817.10||||||**191,218.96**|
||**Proceeds**|**£**|**1,088,577.85**||97,628.69|||174,583.45|||196,385.39|||2,198.61|||45,467.12|56,247.44|49,732.53|37,142.70|(64,227.23)||31,863.92|105,653.29|(27,762.61)||23,829.42|36,253.43|(99,213.48)|||2,946.28||**1,757,306.80**|
|**Disposals**|**Quantity**||||405.00000|||1,909|||2,115||||||1,544.00000|1,810.00000|1,601.00000|1,184.00000|||31,252|86,959|||3,028|3,651|||||||
||**Date**||||01/06/2021|||06/08/2021|||22/01/2021|||31/08/2021|||20/01/2021|25/06/2021|04/08/2021|26/08/2021|31/08/2021||30/10/2020|25/08/2021|31/08/2021||20/01/2021|25/06/2021|31/08/2021|||31/08/2021|||
||**Cost**|**£**|**1,952,627.74**||(336.38)|94,456.58||196,027.47||||||207,924.04|20,575.57||33,134.43|46,242.71|||||50,413.05|47,797.51|||35,238.84|||||173,295.50|22,779.78|**2,880,176.84**|
|**Additions**|**Quantity**|||||405.00000||1,909||||||1,967.00000|198.00000||1,338.00000|1,545.00000|||||39,763|40,241|||4,183|||||8,799.00000|1,124.00000||
||**Date**||||04/09/2020|18/02/2021||20/01/2021||||||25/03/2021|26/08/2021||30/10/2020|17/02/2021|||||25/06/2021|04/08/2021|||17/02/2021|||||26/03/2021|27/05/2021||
|**Book Value**|**01/09/2020**|**£**|**7,158,080.00**||||||||175,035.00|||78,874.00|||424,842.00||||||412,686.00||||220,037.00|||||||**8,469,554.00**|
|**Holding**|**01/09/2020**||**Brought Forward**|Ubs Asset Management (Uk) Ltd|S&p 500 Index J Inc Nav||UBS ETF PLC MSCI ACW1 UCITS||UBS IRL PLC|MSCI ACWi SF Units hedged USD ETF|2,115|Union Bancaire Privee Sa|Global High Yield Solution Ih GBP Dist|779.00000||Vanguard Investment Series|Ftse 100 Etf Inc Nav<br>16,093.00000|||||Vodafone Group Plc|Ord USD0.209538<br>370,321|||WPP Group Plc|Ordinary 10p shares<br>34,063|||Xtrackers (Ie) Plc|Xtrackers Msci Wld Ucits Etf 2d GBP Hgd|||**TOTAL:**|