2022-08-31-accounts - The Emmott Foundation Limited

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	Page
Council's Report	1-4
Auditor's Report	5-7
Statement of Financial Activities
Balance sheet
Cash Flow Statement	10
Notes to the Financial Statements	11 - 15
Investment Schedule	16-23

				Unrestricted	Unrestricted
				Funds	Funds
			Note	2022	2021
INCOME FROM				9	5
investments				350,321	336,627
Donations and legacies				96,640	86,390
Total Income				446,961	423,017
EXPENDITURE ON
Raising Funds —Investment		Manager Costs		(3,543)	(12,759)
Charitable activities			8&9	(412,542)	(421,618)
Total Expenditure				(416,085)	(434,377)
Net (expenditure)/income	before gains
and losses on Investments				30,876	(11,360)
NetGains/(losses) on investments				(459,645)	1,598,099
Net Income/(Expenditure)				(428,769)	1,586,739
Fund Balance as at 1 September 2021				10,820,819	9,234,080
Fund Balance as at 31August 2022				10,392,050	10,820,819

		Note	2022		2021
FIXEDASSETS Investments Tangible Assets				9,592,822 61		9,783,643 76
				9,592,883		9,783,719
CURRENTASSETS
Child &Co Bank Accounts			867,505		841,910
Stockbrokers accounts			41,853		303,858
Debtors					1,000
			909,358		1,146,768
CREDITORS: Amounts Within one Year	falling due	10	110,191		109,668
NET CURRENT ASSETS				799,167		1,037,100
TOTAL NETASSETS				10,392,050		10,820,819
Represented by:
UNRESTRICTED FUNDS				10,392,050		10,820,819
				10,392,050		10,820,819

						2022	2021
					Note
Cash	used in operating activitfes					(317,907)	(310,133)
Cashflowe from Investing activities
Purchase ofinvestments						(4,478,155)	(2,880,753)
Proceeds from sale of Investments						4,209,331	3,164,763
Decrease/gncrease) in investment		portfolio	cash			264,157	(271,251)
Investment income						350,321	336,627
						345,654	349,386
Increase in cash at bank and on		deposit				27,747	39,253
Cash	at bank and on deposit at beginning			ofyear		842,071	802,818
Cash	at bank and on deposit carried forward					869,818	842,071
Note to Statement ofcash flows
						2022	2021
a	Reconciliation of Net expenditure		to
	Net Cash outflow from Operating		Activities
	Net (expenditure)/income					(428,769)	1,586,739
	Increase in creditors					523	28,835
	Decrease in Debtors					1,000	9,000
	Investment Income					(350,321)	(336,627)
	losses/(gains) on investments					459,645	(1,598,099)
	Depreciation					15	19
						(317,907)	(310,133)
b	Cash and cash equivalents
	Child & Co bank accounts					867,505	841,910
	Stockbroker income account					2,313	161
						869,818	842,071
c	Changes in net debt				At 1 September	Cash Flows At	31August
					6	6	f
	Cash at bank and In hand				842,071	27,747	869,818

Fund Accounting Unrestricted funds are available to spend on activities that further Material Judgements and uncertainties	Fund Accounting Unrestricted funds are available to spend on activities that further Material Judgements and uncertainties	Fund Accounting Unrestricted funds are available to spend on activities that further Material Judgements and uncertainties	any ofthe purposes ofthe charity.	any ofthe purposes ofthe charity.	any ofthe purposes ofthe charity.	any ofthe purposes ofthe charity.
The preparation ofthe financial statements requires management that affect the amounts reported for assets and liabilities as at the revenues and expenses during the year. The nature ofestimation			to make judgments, estimates and assumptions balance sheet date and the amounts reported means the actual outcomes could differ from				for
those estimates. There are no judgements financia statements.	made that have a significant effect on the			amounts	recognised in the
TANGIBLE ASSETS (Office equipment)			2022f			2021f
Cost at 1 September 2021			11,598			11,598
Additions
At 31August 2022			11,598			11,598
Depredation at 1 September 2021			11,522			11,502
Depreciation for the year			15			20
At 31August 2022			11,537			11,522
Net Book Value 31August 2022			61			76
LISTED INVESTMENTS			2022f			2021 f
Listed Securities on U.K Stock Exchange
Market Value as at 1 September 2021			9,783,643			8,469,554
Less: Disposals at opening market value
(proceeds f4,209,331)			(4,449,682)			(2,973,544)
Add: Acquistlons at cost			4,478,155			2,880,753
Unrealised (losses)/gains during the year to	31August	2022	(219,294)			1,406,880
Market Value as at 31August 2022			9,592,822			9,783,643
Historical cost as at 31August 2022			9,814,971			9,340,105

4	INCONIE						2022			2021
							8			5
	Investment Income						349,095		327,203
	Non UK Investment		Income							9,349
	Deposit Account Interest Stockbroker Interest						290 936			75
							350,321		336,627
5	DONATIONS RECEIVED						2022f			2021 8
	Appeal Lucy Mathison W0Street Foundation						640 1,000 40,000			1,390 30,000
	Eleanor Hamilton						55,000			55,000
							96,840			86,390
6	EDUCATION
	HIGHER EDUCATION						2022			2021
							8			E
	Direct Individual	fee	assistance	Sixth Form			315,405		306,386
	Scholarship Bursary						21,000			21,000 10,000
							336,405		337,386
7	Allocation ofSupport cost and overheads				2022 Support Costs		2022 Governance	2022 Total Costs	2021 Total Costs
							Costs	Allocated	Allocated
					8		8	8	8
	Staff Costs Administration				28,825 33,813		2,907 12,577	29,732 46,390		35,790 48,423
	Depreciation					13	2	15		19
					60,651		15,486	76,137		84,232

	f60,000.The Council consider that there are no Neither the Council nor persons connected with Foundation. The aggregate amount ofreimbursed expenses	f60,000.The Council consider that there are no Neither the Council nor persons connected with Foundation. The aggregate amount ofreimbursed expenses	f60,000.The Council consider that there are no Neither the Council nor persons connected with Foundation. The aggregate amount ofreimbursed expenses	employees that qualify as key management personnel. them received any remuneration or other benefits from the paid to the Council members was FO (2021:fO).	employees that qualify as key management personnel. them received any remuneration or other benefits from the paid to the Council members was FO (2021:fO).	employees that qualify as key management personnel. them received any remuneration or other benefits from the paid to the Council members was FO (2021:fO).	employees that qualify as key management personnel. them received any remuneration or other benefits from the paid to the Council members was FO (2021:fO).	employees that qualify as key management personnel. them received any remuneration or other benefits from the paid to the Council members was FO (2021:fO).
	The Foundation operates a defined contributions from those ofthe Foundation in an independently			pension scheme. The assets ofthe scheme are held separately administered fund. The pension cost charge represents
	contributions payable by (2021:FO) were payable	the Foundation to the fund and amounted to the fund at the balance sheet date.					to 8Nil (2021:f0).Contributions	totalling ENil
10	CREDITORS, amounts	falling due within one		year			2022 f	2021 8
	Accountancy fees						5,100	5,100
	Audit fees						8,700	7,800
	Wages & PAYE & NIC						1,391	1,768
	Deferred Income						95,000	95,000
							110,191	109,668
	Deferred income was from two donation's prior year defered income was released		that were received in the current year.		in	advance ofthe 2022/2023 academic		year. The
11	Debtors						2022 6	2021f
	School fees							1,000
								1,000

Financial	Instruments
				2022	2021
Ffnanclal	Assets			6	6
Financial	assets measured	at fair value		9,592,822	9,783,643
Financial	assets measured	at amorfised cost			1,000
				9,592,822	9,784,643
Financial	liabilities
Financial	liabilities measured	at amortlsed	cost	13,800	12,900