## **THE EMMOTT FOUNDATION LIMITED** ## **ANNUAL ACCOUNTS AND TRUSTEES' REPORT** **FOR THE YEAR ENDED 31 AUGUST 2023** **REGISTERED CHARITY NO: 209033 REGISTERED COMPANY NO: 00710369** ## **THE EMMOTT FOUNDATION LIMITED** ## **CONTENTS** ||**Page**| |---|---| |Council's Report|1 - 4| |Auditor's Report|5 - 7| |Statement of Financial Activities|8| |Balance sheet|9| |Cash Flow Statement|10| |Notes to the Financial Statements|11 - 15| |Investment Schedule|16 - 30| **THE EMMOTT FOUNDATION LIMITED REPORT OF COUNCIL OF MANAGEMENT FOR THE YEAR ENDED 31 AUGUST 2023** ## **Reference and administrative information** ## **The Council** Mr C R Dick Mrs S J Ainsworth Mr E D A Barnes Mrs E E A Mckendrick Ms D Coggan The Articles of Association 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 Number: 209033** ## **Company Number: 00710369** ## **Education Officers** Mr & Mrs P Spillane ## **Auditors** Williamson Morton Thornton LLP, 2nd Floor, 4 Beaconsfield Road, St Albans, AL1 3RD ## **Bankers** Child & Co, 1 Fleet Street, London, EC4Y 1BD ## **Administration & Accountancy** Haysmacintyre LLP, 10 Queen Street Place, London, EC4R 1AG ## **Investment Managers** Cazenove Capital, 1 London Wall Place, London EC2Y 5AU Brown Shipley, 2 Moorgate, London EC2R 6AG ## **Report of the Council for the year ended 31 August 2023** The Council present their report and accounts for the year ended 31 August 2023. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charity's governing document (The Memorandum and Articles of Association dated 12 December 1961), the Companies Act 2006 and 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 (Second Edition). The report of the Council also serves as a Directors' Report as required by S417 of the Companies Act 2006. ## **Structure, governance and management** The Charity is a Company limited by guarantee and is governed by its 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. When new members join the Council they are provided with further information regarding finances governance and charitable objectives. The Memorandum and Articles of Association provides for a minimum of 3 and a maximum of 11 members of Council. The Charity is governed by the Council of Management who meet twice 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 management polices and performance. There is a further 'paper' meeting in November when residual grant items for the current academic year are reviewed and determined. - 1 - **THE EMMOTT FOUNDATION LIMITED REPORT OF COUNCIL OF MANAGEMENT FOR THE YEAR ENDED 31 AUGUST 2023** ## **Structure, governance and management (con't)** 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 targets former grant holders. ## **Risk Management** The Council have assessed the major risks to 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 Council 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 to make grants for educational 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 to cases where there is a major educational or pastoral problem, including the impact of parental drug and/or alcohol abuse. The present policy of the Council is to make grants direct to schools to assist towards sixth form fees for students, normally with high academic standards, capable of qualifying for entry to University. Grants are normally only considered if the school is also willing to make a significant contribution towards the cost of the school fees. The Council also award grants to two educational trusts, The Samllpeice Trust (Arkwright Engineering Scholarships) and Tutoring to Thrive. ## **Grant making policy** The Charity receives a number of enquires for grants which are dealt with by the Education Officers who then send out standard application forms to those enquiries which fall within the Charity's objectives. The Education 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 it is able to fund, but the Council is pleased to assist as many students falling within its grant criteria as is possible. The Education Officers 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 tabular form, is presented to Council. In the academic year 2022/23 the Foundation assisted 91 pupils. Of these, 35 were in the Upper Sixth. In their A levels, 85% were grade C or above and 36% were A or A*. ## **Financial Review** Grants made during the year amounted to £297,950 (2022: £336,405). The net increase in resources for the year amounted to £57,304 (2022: £30,876). Losses on investments for the year amounted to £697,370 (2022: £459,645). The council is satisfied with the net financial position at 31 August 2023 of £9,751,984 (2022: £10,392,050). The Charity received donations of £96,640 (2022: £96,640) as set out in note 5 to the accounts. ## **Plans for the future** The Charity is managed with a view to it being able to continue its activities for the future. - 2 - **THE EMMOTT FOUNDATION LIMITED REPORT OF COUNCIL OF MANAGEMENT FOR THE YEAR ENDED 31 AUGUST 2023** ## **Key Management Personnel** The Council consider the board of council 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 trustees give of their time freely and no trustee received remuneration in the year. Details of trustees expenses and related party transactions are disclosed in note 9 to the accounts. ## **Public Benefit** The Council confirm that they have complied with the duty in section 4 of the Charities Act 2011 to have due regard to public benefit guidence published by the commsion in determining the activites undertaken by the Charity. ## **Investment Policy and performance** The Council has appointed Cazenove Capital and Brown Shipley to manage the Charity's investments and has given it discretionary powers. The Council accepts a medium degree of investment risk and has appointed an investment subcommitee to meet with the investment managers once a year to review the investment performance. ## **Reserves Policy** The Charity is mainly reliant on its return from investments to fund its charitable aims, and therefore has a reserves policy which aims to provide sustainable funding for the future. The Council seeks to expend at least its annual income to fulfil its charitable aims, and to maintain the real value of its funds. ## **Fundraising Activity** The charity's income is from its investment portfolio. No fundraising activity 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 to do so. ## **Statement of Council Members' Responsibilities** 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 statements, 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 estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; - prepare the financial statements 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 time the financial position of the Company and to enable them to 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. ## **Information 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 to have taken as a Council members in order to make themselves aware of any relevant audit information and to establish that the Charity’s auditors are aware of that information. This report has been prepared in accordance with part 15 of CA2006 relating to Small Companies. - 3 - **THE EMMOTT FOUNDATION LIMITED REPORT OF COUNCIL OF MANAGEMENT FOR THE YEAR ENDED 31 AUGUST 2023** ## **AUDITORS** With Section 485 of the Companies Act 2006, a resolution proposing the reappointment of Williamson Morton Thornton LLP as auditors to the Company will be put to the annual general meeting. Approved by the Council at the Meeting on 8 April 2024 and signed on its behalf by: > richard dick delia coggan Richard Dick Delia Coggan Chairman of the Council Council Member - 4 - **INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE EMMOTT FOUNDATION LIMITED** ## **Opinion** We have audited the financial statements of The Emmott Foundation Limited (the ‘charitable company’) for the year ended 31 August 2023 which comprise the Statement of Financial Activities (including the income and expenditure account), the Balance Sheet, the Statement of Cashflows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework 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 Practice). In our opinion, the financial statements: - give a true and fair view of the state of the charitable company's affairs as at 31 August 2023 and of its incoming resources and application of resources, 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 accordance with International Standards on Auditing (UK) (ISAs (UK)) 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 fulfilled 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 trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the 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 Our responsibilities and the responsibilities of the trustees with respect to going concern 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 statements 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 to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other We have nothing to report in this regard. ## **Opinions on other matters prescribed by the Companies Act 2006** In our opinion, based on the work undertaken in the course of the audit: - the information given in the trustees’ report, which includes the directors’ report prepared for company law purposes, for the financial year for which the financial statements are prepared is consistent with the financial statements; and - the directors’ report included within the trustees’ report has been prepared in accordance with applicable legal requirements ## **Matters on which we are required to report by exception** 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 to you if, in our opinion: - 5 - **INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE EMMOTT FOUNDATION LIMITED** ## **Matters on which we are required to report by exception (con't)** - 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 statements are not in agreement with the accounting records and returns; or - certain disclosures of trustees' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit; or - the trustees' were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage 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 (who are also the directors of the charitable company for the purposes of company law) 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 to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate 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 to obtain reasonable assurance 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 includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to 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 to have a material impact on the financial statements. During the engagement team briefing, the outcomes of these discussions and enquiries were shared with the team, as well as consideration as to where and how fraud may occur in the entity. The following laws and regulations were identified as being of significance to the entity: - Those laws and regulations considered to have a direct effect on the financial statements 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 therefore may have a material effect on the financial statements include compliance with the charitable objectives, public benefit, data protection and employment law. Audit procedures undertaken in response to the potential risks relating to irregularities (which include fraud and noncompliance with laws and regulations) comprised of: inquiries of management and the Trustees 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 legal correspondence; review of Trustee meeting minutes; testing the appropriateness of journal entries; and the performance of analytical review to identify unexpected movements in account balances which may be indicative of fraud. No instances of material non-compliance 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, timing and extent of the audit procedures performed. Irregularities that result from fraud might be inherently more difficult to detect than irregularities that result from error. As explained above, there is an unavoidable risk that material misstatements may not be detected, even though the audit has been planned and performed in accordance with ISAs (UK). - 6 - **INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE EMMOTT FOUNDATION LIMITED** ## **Auditor's responsibilities for the audit of the financial statements (con't)** As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement 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 to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the charitable company’s internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. - Conclude on the appropriateness of the trustees’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charitable company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the charitable company to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements 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 undertaken so that we might state to the charitable company’s members those matters we are required to state to 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. ## Elizabeth Wicks ## **Elizabeth Wicks (Senior Statutory Auditor)** For and on behalf of WMT, Chartered Accountants Statutory Auditor 4 Beaconsfield Road St Albans Hertfordshire AL1 3RD ........................................... 2024 28 May - 7 - ## **THE EMMOTT FOUNDATION LIMITED** ## **STATEMENT OF FINANCIAL ACTIVITIES (incorporating an Income and Expenditure account) FOR THE YEAR ENDED 31 AUGUST 2023** |||**Unrestricted**|**Unrestricted**| |---|---|---|---| |||**Funds**|**Funds**| ||**Note**|**2023**|**2022**| |**INCOME FROM**||**£**|**£**| |Investments|**4**|376,192|350,321| |Donations and legacies|**5**|96,640|96,640| |**Total Income**||472,832|446,961| |**EXPENDITURE ON**|||| |Raising Funds - Investment Manager Costs||(36,730)|(3,543)| |Charitable activities|**8 & 9**|(378,798)|(412,542)| |**Total Expenditure**||(415,528)|(416,085)| |Net income before gains|||| |and losses on Investments||57,304|30,876| |Net (losses) on investments|**3**|(697,370)|(459,645)| |**Net Income/(Expenditure)**||(640,066)|(428,769)| |**Fund Balance as at 1 September 2022**||10,392,050|10,820,819| |**Fund Balance as at 31 August 2023**||9,751,984|10,392,050| All activities relate to continuing activities. - 8 - ## **THE EMMOTT FOUNDATION LIMITED** ## **BALANCE SHEET AS AT 31 AUGUST 2023** |**Note**
**FIXED ASSETS**
Investments
**3**
Tangible Assets
**2**
**CURRENT ASSETS**
Child & Co Bank Accounts
Stockbrokers accounts
Debtors
**11**
**CREDITORS: Amounts falling due**
**Within one Year**
**10**
**NET CURRENT ASSETS**
**TOTAL NET ASSETS**
**Represented by:**
**UNRESTRICTED FUNDS**|**2023**
**£**
316,054
207,656
148
523,858
122,470|**£**
9,350,547
49
9,350,596
401,388
9,751,984
9,751,984
9,751,984|**2022**
**£**
867,505
41,853
909,358
110,191|**£**
9,592,822
61| |---|---|---|---|---| |||||9,592,883
799,167| |||||10,392,050| |||||10,392,050| |||||10,392,050| The financial statements have been prepared in accordance with the special provisions applicable to 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 if they subsequently prove defective. The financial statements were approved and authorised for issue by the council on 8 April 2024 and were signed below on its behalf by |richard dick|delia coggan| |---|---| |.........................................|.........................................| |Richard Dick|Delia Coggan| The notes on pages 11 to 15 form part of these financial statements. The Registered Charity No. is 209033. The Registered Company No. is 00710369 - 9 - **THE EMMOTT FOUNDATION LIMITED STATEMENT OF CASH FLOWS YEAR ENDED 31 AUGUST 2023** |||||**2023**|**2022**| |---|---|---|---|---|---| ||||**Note**||| |||||**£**|**£**| |**Cash**|**used in operating activities**||**a**|(306,745)|(317,907)| |**Cashflows from investing activities**|||||| |Purchase of investments||||(10,861,986)|(4,478,155)| |Proceeds from sale of investments||||10,406,891|4,209,331| |Investment income||||376,192|350,321| |||||(78,903)|81,497| |**Increase in cash at bank and on deposit**||||385,647|(236,410)| |**Cash**|**at bank and on deposit at beginning of year**|||909,358|1,145,768| |**Cash**|**at bank and on deposit carried forward**|**b**||523,710|909,358| |**Note**|**to Statement of cash flows**||||| |||||**2023**|**2022**| |||||**£**|**£**| |**a**|**Reconciliation of Net expenditure to**||||| ||**Net Cash outflow from Operating Activities**||||| ||Net (expenditure)|||(640,066)|(428,769)| ||Increase in creditors|||12,279|523| ||(Increase)/Decrease in Debtors|||(148)|1,000| ||Investment income|||(376,192)|(350,321)| ||Losses on investments|||697,370|459,645| ||Depreciation|||12|15| |||||(306,745)|(317,907)| |**b**|**Cash and cash equivalents**||||| ||Child & Co bank accounts|||316,054|867,505| ||Stockbroker income account|||207,656|41,853| |||||523,710|909,358| |**c**|**Changes in net debt**|**At 1**|**September** Cash Flows
At||31 August| ||||**£**|**£**|£| ||Cash at bank and in hand||909,358|(385,648)|523,710| - 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: ## **1 ACCOUNTING POLICIES** The principal accounting policies of the Charity are as follows ## **(a) Basis of accounting** The financial statements have been prepared in accordance 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 (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)) (second edition), the financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. 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 stated in the relevant accounting policy notes. The functional and presentational currency is sterling. The Charity is a Company limited by guarantee and is governed by its Memorandum and Articles of Association dated 12 December 1961. The registered address is 10 Queen Street Place, London, EC4R 1AG. ## **(b) Investments** Investments are stated at the middle-market values ruling at the balance sheet date. Income arising from these investments is accounted for when it is receivable. Realised gains and loses are calculated on proceeds less opening market value. ## **(c) Tangible assets** Depreciation is provided to write off tangible assets over their estimated useful lives at 20% on the written down value. ## **(d) Expenditure** Support and Overhead costs have been allocated between Governance and Charitable activities on the basis of time spent and are accounted for on an accruals basis. ## **(e) Taxation** The Foundation is not liable to U.K. Taxation ## **(f) School Fees** School fees are accounted for in the Statement of Financial Activities when they are due. ## **(g) 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 time period in which the expenditure of resources can take place treated as deferred income. ## **(i) 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 to do so. ## **(j) 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 date of acquisition or opening of the deposit similar account. - 11 - **THE EMMOTT FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS** ## **(k) Creditors and provisions** Creditors and provisions are recognised where the Charity has a present obligation 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. ## **(l) Debtors** Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## **(m) 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 exception of bank loans which are subsequently measured at amortised cost using the effective interest method. ## **(n) Fund Accounting** Unrestricted funds are available to spend on activities that further any of the purposes of the charity. ## **(o) Material judgements and uncertainties** The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. The nature of estimation means the actual outcomes could differ from those estimates. There are no judgements made that have a significant effect on the amounts recognised in the financial statements. |**2**
**TANGIBLE ASSETS**
**2023**
(Office equipment)
**£**
Cost at 1 September 2022
11,598
Additions
-
At 31 August 2023
11,598
Depreciation at 1 September 2022
11,537
Depreciation for the year
12
At 31 August 2023
11,549
Net Book Value 31 August 2023
49
**3**
**LISTED INVESTMENTS**
**2023**
**£**
Listed Securities on U.K. Stock Exchange
Market Value as at 1 September 2022
9,592,822
Less: Disposals at opening market value
(proceeds £10,406,891)
(11,092,832)
Add: Acquistions at cost
10,861,986
Unrealised (losses)/gains during the year to 31 August 2023
(11,429)
Market Value as at 31 August 2023
9,350,547
Historical cost as at 31 August 2023
9,230,227|**2022**
**£**
11,598
-
11,598
11,522
15
11,537
61
**2022**
**£**
9,783,643
(4,449,682)
4,478,155
(219,294)
9,592,822
9,814,971| |---|---| - 12 - **THE EMMOTT FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS** |**3**|**LISTED INVESTMENTS (CON'T)**||||||| |---|---|---|---|---|---|---|---| ||Historical Unrealised (loss)/gain as at 31 August 2023||(120,320)|||(222,149)|| |**4**|**INCOME**|||**2023**|||**2022**| |||||**£**|||**£**| ||Investment Income|||-||349,095|| ||Brown Shipley|||202,682|||-| ||Casenove's|||142,746|||-| ||Deposit Account Interest|||8,580|||290| ||Stockbroker Interest|||22,184|||936| |||||376,192||350,321|| |**5**|**DONATIONS RECEIVED**|||**2023**|||**2022**| |||||**£**|||**£**| ||Appeal|||640|||640| ||Lucy Mathison|||-|||1,000| ||Worshipful Co of G&S|||1,000|||-| ||W O Street Foundation|||40,000|||40,000| ||Eleanor Hamilton|||55,000|||55,000| |||||96,640|||96,640| |**6**|**EDUCATION**||||||| ||**HIGHER EDUCATION**|||**2023**|||**2022**| |||||**£**|||**£**| ||Direct individual fee assistance Sixth Form|||276,950||315,405|| ||Scholarship|||21,000|||21,000| |||||297,950||336,406|| |**7**|**Allocation of Support cost**|**2023 Support**|**2023**||**2023 Total**|**2022 Total**|| |||**Costs**|**Governance**||**Costs**|**Costs**|| ||||**Costs**||**Allocated**|**Allocated**|| |||**£**|**£**||**£**|**£**|| ||Staff Costs|27,447||3,050|30,497||29,732| ||Administration|36,665||13,674|50,339||46,390| ||Depreciation|11||1|12||15| |||64,123||16,725|80,848||76,137| - 13 - **THE EMMOTT FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS** |**8**|**Analysis of Charitable expenditure**|**Grant Funded**|**Support &**|**Total**|**Total**|**Total**| |---|---|---|---|---|---|---| |||**Activity**|**Governance**|**2023**|**2022**|| ||||**Costs**|||| |||**£**|**£**|**£**|**£**|| ||Education|297,950|80,848|378,798|412,542|| |||297,950|80,848|378,798|412,542|| |**9**|**Analysis of governance costs**||**2023**|||**2022**| ||||**£**|||**£**| ||Audit fees||9,600|||8,820| ||Expenses reimbursed||1,014|||697| ||Gross Wages||2,826|||2,683| ||Employers NI||224|||224| ||Administration||3,060|||3,060| ||Depreciation||1|||2| ||||16,725|||15,486| During the year the Council had two administrative employees (2022 - 2). 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 to the Council members was £0 (2022: £0). 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 £Nil (2022 : £0). Contributions totalling £Nil (2022 : £0) were payable to the fund at the balance sheet date. |**10**
**CREDITORS, amounts falling due within one year**
Accountancy fees
Audit fees
Wages & PAYE & NIC
Deferred Income
School Fees
Stockbrokers fees|**2023**
**£**
5,100
9,900
-
95,000
7,000
5,470
122,470|**2022**
**£**
5,100
8,700
1,391
95,000
-
-| |---|---|---| |||110,191| Deferred income was from two donation's that were received in advance of the 2023/2024 academic year. The prior year defered income was released in the current year. |**11**
**Debtors**
Dividend's|**2023**
**£**
148
148|**2022**
**£**
-| |---|---|---| |||-| - 14 - ## **THE EMMOTT FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS** |**12**
**Financial Instruments**
**Financial Assets**
Financial assets measured at fair value
Financial assets measured at amortised cost
**Financial liabilities**
Financial liabilities measured at amortised cost|**2023**
**£**
9,350,547
148
9,350,695
15,000|**2022**
**£**
9,592,822| |---|---|---| |||9,592,822| |||13,800| Financial assets measured at fair value through profit or loss comprise listed shares. ## **13 CONTROLLING PARTY** No single party 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 Commitments** During the years ended 31 August 2022 and 31 August 2023 the Council approved grants for school fees in respect of the academic years 2023/24 and 2024/25 subject to various conditions including the academic and general performance of students and their parental financial situation. These grants will be funded from the charity’s cash reserves. Total amounts approved in respect of 2023/24 were £290,945 and for 2024/25 were £144,875. As there are performance related conditions attached to these grants, they will not be recognised in the financial statements until these conditions are satisfied and the fees fall due. - 15 - ## **THE EMMOTT FOUNDATION LIMITED** ## **SCHEDULE OF INVESTMENTS & INCOME** ## **YEAR ENDED 31ST AUGUST 2023** |**Holding**
**01/09/2022**
**Brought Forward**
Asml Holding Nv
EUR0.09 (Post Split)
AstraZeneca Group Plc
Ordinary US$0.25 shares
5,063
AstraZeneca Group Plc
Ordinary US$0.25 shares
Aviva
Ordinary GBP0.328947368
97,262
Banco Santander Sa
EUR0.50(REGD)
BERKSHIRE HATHAWAY B -
Blackrock (Luxembourg) S.A.
Global Equity Income D5grf GBP
Blackrock A
Blackrock Asset Mgmt Ireland Ltd
Blackrock Ics USD Lq Enr Aw Pre USD Dis
**Carried Forward**|
**Book Value**
**Additions**

**01/09/2022**
**Date**
**Quantity**
**£**
**227,687.00**
27/10/2022
19
15/12/2022
29

538,906.00
26/10/2022
83
15/12/2022
134

407,236.00
06/03/2023
3,300
27/10/2022
45
22/11/2022
24
15/12/2022
67
28/10/2022
5,794.00000
27/10/2022
12
22/11/2022
7
15/12/2022
15
27/10/2022
524.00000
**1,173,829.00**|**Disposals**
**Cost**
**Date**
**Quantity**
**£**
**580,137.48**
7,922.47
31/08/2023
14,147.61
11/10/2022
5,063
8,296.46
31/08/2023
15,282.35
11/10/2022
97,262
11,372.20
31/08/2023
11,409.31
31/08/2023
6,368.53
16,658.20
69,991.52
17/01/2023
5,794.00000
6,745.70
25/07/2023
34
4,346.35
8,572.99
45,598.06
16/12/2022
524.00000
**806,849.23**|

**Proceeds**
**£**
**261,853.85**
(2,921.92)

493,856.47
441.81

370,950.41
1,257.20
(4,223.96)

73,757.62

19,849.19

42,751.45
**1,257,572.12**|**Profit**
**Holding**
**(Loss)**
**31/08/2023**
**£**
**(22,348.63)**
48
(45,049.53)
217
(36,285.59)
3,300
136
3,766.10
184.15
(2,846.61)
**(102,580.11)**|**Book Value**
**Mar**
**31/08/2023**
**3**
**£**
**523,622.00**
24,992.00
23,137.00
10,115.00
38,660.00
**620,526.00**|**ket Value**

**1/08/2023**
**Date**
**£**
**523,622**
14/11/2022
15/02/2023
11/05/2023
24,992
10/08/2023
12/09/2022
27/03/2023
23,137
28/09/2022
10,115
02/05/2023
38,660
28/12/2022
23/12/2022
23/03/2023
23/06/2023
28/10/2022
01/12/2022
**620,526**|**Net Income**
**£**
**5,418.87**
19.39
49.05
59.28
50.20
3,868.13
353.28
10,017.99
137.66
334.95
64.99
116.19
113.11
82.42
129.13| |---|---|---|---|---|---|---|---| ||||||||**20,814.64**| Page 16 ## **THE EMMOTT FOUNDATION LIMITED** ## **SCHEDULE OF INVESTMENTS & INCOME** ## **YEAR ENDED 31ST AUGUST 2023** |**Holding**
**01/09/2022**
3i Group plc
Ordinary 73 19/22p shares
18,732
3i Infrastructure
Ordinary No Par Value
AGILENT TECHNOLOGIES
ALPHABET C -
Amundi Funds
Emg Mkts Green Bond R4 GBP Hgd Ad Dis
AMUNDI IDX MSCI USA I13HG
Amundi Luxembourg Sa
US Corp Sri Ihg GBP Dis Hedged
APPLE
**Carried Forward**|**Book Value**
**Additions**
**01/09/2022**
**Date**
**Quantity**
**£**
227,687.00
26/10/2022
18,530
15/12/2022
16,220
12/01/2023
14,474
29/06/2023
5,984
27/10/2022
57
22/11/2022
37
15/12/2022
75
27/10/2022
210
22/11/2022
129
15/12/2022
340
29/06/2023
101
28/10/2022
625.00000
16/12/2022
680.00000
27/06/2023
101
29/06/2023
19
27/10/2022
39.00000
15/05/2023
18.00000
27/06/2023
56.00000
29/06/2023
11.00000
27/10/2022
161
22/11/2022
102
15/12/2022
288
**227,687.00**|**Disposals**
**Cost**
**Date**
**Quantity**
**£**
11/10/2022
18,732
57,813.60
31/08/2023
53,444.90
47,836.57
18,319.98
6,729.78
31/08/2023
4,849.15
9,295.48
16,748.36
15/05/2023
218
10,467.51
31/08/2023
25,817.46
9,667.99
22,712.50
28/03/2023
1,305.00000
26,282.00
88,662.85
16/08/2023
16
17,129.26
31/08/2023
30,550.65
31/08/2023
14,306.09
44,592.24
8,737.74
20,430.45
31/08/2023
12,870.32
32,872.60
**580,137.48**|**Proceeds**
**£**
200,352.25
7,374.05
4,727.41
20,198.09
(15,242.58)
50,320.80
14,594.24
(5,312.50)
361.72
(15,519.63)
**261,853.85**|**Profit**
**Holding**
**(Loss)**
**31/08/2023**
**£**
(27,334.75)
55,208
169
3,171.19
562
1,326.30
488.63
104
124.00000
551
**(22,348.63)**|**Book Value**
**Mar**
**31/08/2023**
**3**
**£**
170,041.00
16,147.00
60,917.00
96,999.00
97,825.00
81,693.00
**523,622.00**|**ket Value**
**N**
**1/08/2023**
**Date**
**£**
31/03/2023
31/03/2023
10/07/2023
170,041
25/01/2023
26/04/2023
16,147
26/07/2023
60,917
96,999
10/11/2022
97,825
10/11/2022
16/02/2023
18/05/2023
81,693
16/08/2023
**523,622**|**et Income**
**£**
32.43
1,000.62
2,744.24
26.11
25.80
24.93
1,272.18
27.49
88.15
89.54
87.38| |---|---|---|---|---|---|---|---| ||||||||**5,418.87**| Page 17 ## **THE EMMOTT FOUNDATION LIMITED** ## **SCHEDULE OF INVESTMENTS & INCOME** ## **YEAR ENDED 31ST AUGUST 2023** |**Holding**
**01/09/2022**
**Brought Forward**
Blackrock Collective Investment Fds
Ishares Esg Ster Corp Bd Idx Uk D Gbp Ac
BNPP MSCI JAPAN ESG ETF
BP plc
Ordinary US$0.25 shares
100,436
CANDCOHO US L EQ INS HDG£
Charities Property Fund
Property Fund
Colchester Multi-Strategy Global Bd
Local Markets Bond I GBP Dis Unhgd
CONSTELLATION SOFTWARE
Dws Investment Sa
Dt Invest I Esg Eqty Inc GBP D Rd
Edwards Lifesciences Corp
Common Stk USD1
**Carried Forward**|
**Book Value**
**Additions**

**01/09/2022**
**Date**
**Quantity**
**£**
**1,173,829.00**
12/01/2023 111,766.00000
17/01/2023 111,395.00000
12/04/2023 109,456.00000
27/03/2023
7,589

443,425.00
26/10/2022
401
23/11/2022
275
15/12/2022
475
06/04/2023 146,043.00000
28/10/2022
2,840.00000
16/12/2022
3,441.00000
27/10/2022
7
15/12/2022
13
19/02/2023
28/10/2022
752.00000
25/11/2022
368.00000
19/12/2022
892.00000
29/06/2023
172.00000
27/10/2022
66
22/11/2022
51
15/12/2022
122
**1,617,254.00**|
**Disposals**

**Cost**
**Date**
**Quantity**
**£**
**806,849.23**

93,334.00
28/02/2023 223,161.00000

93,290.19
26/06/2023 109,456.00000

91,274.70

79,657.67
31/08/2023
11/10/2022
100,436

39,474.48
31/08/2023

28,346.70

47,853.97

183,123.32
31/08/2023

22,609.85
28/03/2023
6,281.00000

27,885.93

8,926.94
06/03/2023
10

16,616.14
10/07/2023
10
87.31

100,354.40
31/08/2023

50,390.24

119,572.60

22,642.08

4,887.99
15/05/2023
79

3,171.16
31/08/2023

7,411.14
**1,847,760.04**|
**Profit**
**Holding**

**Proceeds**
**(Loss)**
**31/08/2023**
**£**
**£**
**1,257,572.12**
**(102,580.11)**

183,343.94
(3,280.25)

88,519.69
(2,755.01)
(3,896.33)
7,589

452,564.31
9,139.31
3,874.15
1,151
759.32
146,043.00000

52,836.26
2,340.48

13,788.56
973.37

15,362.87
2,547.67
6,855.32
2,184.00000

5,599.24
485.63
700.68
160
**2,077,880.13**
**(93,128.91)**|
**Book Value**
**M**

**31/08/2023**
**£**
**620,526.00**

83,554.00

111,801.00

182,364.00

286,104.00

9,656.00
**1,294,005.00**|**arket Value**

**31/08/2023**
**Date**

**£**
**620,526**
83,554
23/09/2022
111,801
182,364
16/08/2023
17/01/2023
30/12/2022
23/02/2023
14/04/2023
11/07/2023
09/03/2023
286,104
9,656
**1,294,005**|**Net Income**
**£**
**20,814.64**
5,190.93
2,215.76
755.95
14.07
508.73
6.83
6.51
6,317.68
**35,831.10**| |---|---|---|---|---|---|---| Page 18 ## **THE EMMOTT FOUNDATION LIMITED** ## **SCHEDULE OF INVESTMENTS & INCOME** ## **YEAR ENDED 31ST AUGUST 2023** |**Holding**
**01/09/2022**
**Brought Forward**
ELI LILLY & CO
Estee Lauder
COS -A-
Fil Investment Management(Lux)sa
Global Dividend W Q GBP Dis Hdg
FIRST REPUBLIC BANK -
Focused Sicav
Hi Grade Lg Term Bond GBP a
1,036.00000
FORTIVE
Gcp Infrastructure Investments Ltd
Ordinary GBP0.01
**Carried Forward**|
**Book Value**
**Additions**

**01/09/2022**
**Date**
**Quantity**
**£**
**1,617,254.00**
27/10/2022
25
22/11/2022
15
15/12/2022
38
27/10/2022
46
22/11/2022
27
15/12/2022
57
27/10/2022
78,893.00000
23/11/2022
38,218.00000
16/12/2022
86,893.00000
27/10/2022
45
22/11/2022
309

97,840.00
27/10/2022
109
22/11/2022
56
15/12/2022
157
26/10/2022
66,220
15/12/2022
73,772
12/01/2023
47,055
15/05/2023
16,303
21/06/2023
40,551
25/07/2023
16,123
**1,715,094.00**|
**Disposals**

**Cost**
**Date**
**Quantity**
**£**
**1,847,760.04**

7,773.80
31/08/2023

4,557.30

11,106.95

8,211.54
31/08/2023

5,028.55

11,234.98

100,588.58
31/08/2023

51,097.47

114,351.19

4,568.08
06/03/2023
354

31,815.43
29/09/2022
1,036.00000

5,978.31
31/08/2023

3,191.15

8,358.98

66,242.42
31/08/2023

72,477.73

47,535.09

14,966.15

30,207.69

11,785.91
**2,458,837.34**|

**Proceeds**
**£**
**2,077,880.13**
(10,675.95)
8,019.07
(16,508.76)

35,998.17

93,928.32
(2,508.56)
47,416.99
**2,233,549.41**|**Profit**
**Holding**
**(Loss)**
**31/08/2023**

**£**
**(93,128.91)**
78
130
204,004.00000
(385.34)
(3,911.68)
322
260,024
**(97,425.93)**|
**Book Value**
**M**

**31/08/2023**
**£**
**1,294,005.00**

34,114.00

16,456.00

282,546.00

20,037.00

195,798.00
**1,842,956.00**|**arket Value**

**31/08/2023**
**Date**

**£**
**1,294,005**
08/12/2022
09/03/2023
34,114
09/06/2023
15/12/2022
09/03/2023
16,456
15/06/2023
08/11/2022
08/02/2023
11/05/2023
282,546
08/08/2023
09/02/2023
30/12/2022
31/03/2023
20,037
30/06/2023
08/12/2022
09/03/2023
14/06/2023
195,798
**1,842,956**|**Net Income**
**£**
**35,831.10**
16.92
61.86
59.17
33.03
59.71
57.01
710.04
1,836.04
1,836.04
1,836.04
66.53
8.10
15.29
15.06
1,158.85
3,273.32
3,273.32
**50,147.43**| |---|---|---|---|---|---|---|---| Page 19 ## **THE EMMOTT FOUNDATION LIMITED** ## **SCHEDULE OF INVESTMENTS & INCOME** ## **YEAR ENDED 31ST AUGUST 2023** |**Holding**
**01/09/2022**
**Brought Forward**
Goldman Sachs Ast Mgt Fd Svcs Ltd
Emg Mkts Debt Portfolio Is GBP Dis Hgd
12,735.30000
Goldman Sachs Ast Mgt Fd Svcs Ltd
Emerging Mkts Corp Bd Ptf I GBP Hdg
974.00000
Gsk Plc
Ordinary GBP0.3125
24,236
Haleon Plc
Ordinary GBP1.25
30,295
HANETF-ETC-ROY MINT PERP
Hargreaves Lansdown
Ordinary GBP0.004
12,612
Hermes Investment Management
Sdg Engagment Hgh Yld Cdt M2 Gbp Dis Hdg
Hicl Infrastructure Plc
Ordinary GBP0.0001
Hsbc Etfs Plc
Hsbc Asia Pac Ex Jpn Sust Eqty Ucits Etf
**Carried Forward**|
**Book Value**
**Additions**

**01/09/2022**
**Date**
**Quantity**
**£**
**1,715,094.00**

87,619.00

85,254.00

334,311.00

78,419.00
26/10/2022
2,073
11/01/2023
3,916

103,116.00

28/10/2022
65,439.00000
26/10/2022
39,459
15/12/2022
44,195
12/01/2023
26,217
15/05/2023
8,750
21/06/2023
23,316
15/08/2023
9,398
27/03/2023
6,599.00000
29/06/2023
525.00000
**2,403,813.00**|
**Disposals**

**Cost**
**Date**
**Quantity**
**£**
**2,458,837.34**
13/10/2022
12,735.30000
13/10/2022
974.00000
11/10/2022
24,236
11/10/2022
30,295

29,680.18
31/08/2023

60,006.04
11/10/2022
12,612

56,290.63
31/08/2023

65,519.41
31/08/2023

72,753.37

44,129.61

13,595.14

28,587.75

11,806.24

78,699.67
31/08/2023

6,127.80
**2,926,033.18**|

**Proceeds**
**£**
**2,233,549.41**

80,464.81

80,660.69

326,372.75

82,756.60
(1,384.78)

104,272.86
(2,414.37)
33,905.52
2,935.47
**2,941,118.96**|**Profit**
**Holding**
**(Loss)**
**31/08/2023**

**£**
**(97,425.93)**
(7,154.19)
(4,593.31)
(7,938.25)
4,337.60
5,989
1,156.86
65,439.00000
151,335
7,124.00000
**(111,617.22)**|
**Book Value**
**M**

**31/08/2023**
**£**
**1,842,956.00**

91,071.00

58,705.00

202,486.00

81,892.00
**2,277,110.00**|**arket Value**

**31/08/2023**
**Date**

**£**
**1,842,956**
06/10/2022
91,071
24/10/2022
01/02/2023
58,705
03/08/2023
30/12/2022
30/12/2022
31/03/2023
31/03/2023
03/07/2023
202,486
03/07/2023
81,892
**2,277,110**|**Net Income**
**£**
**50,147.43**
3,938.35
3,460.73
1,295.10
1,510.99
260.11
552.74
1,335.37
927.97
785.75
1,669.71
**65,884.25**| |---|---|---|---|---|---|---|---| Page 20 ## **THE EMMOTT FOUNDATION LIMITED** ## **SCHEDULE OF INVESTMENTS & INCOME** ## **YEAR ENDED 31ST AUGUST 2023** |**Holding**
**01/09/2022**
**Brought Forward**
Imi
Ordinary GBP0.28571428
10,255
Intel Corp
Intermediate Capital Group Plc
Ordinary GBP0.2625
6,892
Intertek Group Plc
Ordinary shares of 1p
3,807
Ishares
GBP Core Corporate Bond
637
Ishares
Ishares Core UK Gilts GBP
7,017
Ishares
Ishares Core UK Gilts GBP
ISHARES JPM EM BD HDG ETF -
ISHS EDGE MSCI USA MI ETF
ISHS MSCI JAPAN SRI ETF
**Carried Forward**|
**Book Value**
**Additions**

**01/09/2022**
**Date**
**Quantity**
**£**
**2,403,813.00**

117,830.00
24/05/2023
615

94,214.00

150,719.00

79,055.00

79,848.00
26/10/2022
7,075
15/12/2022
14,959
29/06/2023
1,273
26/10/2022
8,958
15/12/2022
7,454
11/01/2023
9,071
11/01/2023
17,161
26/10/2022
7,278
15/12/2022
8,824
01/02/2023
4,572
**2,925,479.00**|
**Disposals**

**Cost**
**Date**
**Quantity**
**£**
**2,926,033.18**
11/10/2022
10,255

14,521.29
31/08/2023
11/10/2022
6,892
11/10/2022
3,807
11/10/2022
637
11/10/2022
7,017

74,977.31
12/01/2023
9,062

161,295.42
31/08/2023

12,784.10

29,927.07
24/03/2023
25,483

27,203.37

33,215.35

92,961.14
31/08/2023

29,867.88
31/08/2023

37,431.50

20,466.36
**3,460,683.97**|

**Proceeds**
**£**
**2,941,118.96**

120,899.05
(2,533.71)

69,754.20

139,070.18

68,424.50

67,745.50

97,099.33
9,742.12

90,834.15
127.14
(942.26)
**3,601,339.16**|**Profit**
**Holding**
**(Loss)**
**31/08/2023**

**£**
**(111,617.22)**
3,069.05
615
(24,459.80)
(11,648.82)
(10,630.50)
(12,102.50)
(73.38)
14,245
488.36
17,161
20,674
**(166,974.81)**|
**Book Value**
**M**

**31/08/2023**
**£**
**2,277,110.00**

17,055.00

142,142.00

92,834.00

88,708.00
**2,617,849.00**|**arket Value**

**31/08/2023**
**Date**

**£**
**2,277,110**
16/09/2022
17,055
06/10/2022
29/09/2022
01/12/2022
30/05/2023
142,142
01/12/2022
30/12/2022
25/01/2023
28/02/2023
29/03/2023
92,834
28/06/2023
88,708
**2,617,849**|**Net Income**
**£**
**65,884.25**
851.17
1,301.99
504.06
561.05
1,430.81
139.74
145.12
458.69
305.80
468.89
1,654.68
**73,706.25**| |---|---|---|---|---|---|---|---| Page 21 ## **THE EMMOTT FOUNDATION LIMITED** ## **SCHEDULE OF INVESTMENTS & INCOME** ## **YEAR ENDED 31ST AUGUST 2023** |**Holding**
**01/09/2022**
**Brought Forward**
Microsoft
Natwest Group Plc
Ordinary GBP1.0769
136,532
Nike Inc B
Nordea Investment Funds S.A.(Lu)
European High Yield Bond Hai GBP
24,238.00000
Northern Trust Lux Mgmt Co Sa
Ashmore Sicav Emg Mkt Debt Z2 GBP Dis
379.62600
NVIDIA CORP
Orsted A/s
DKK10
OTIS WORLDWIDE CORP WI
Paypal Holdings
**Carried Forward**|
**Book Value**
**Additions**

**01/09/2022**
**Date**
**Quantity**
**£**
**3,308,308.00**
27/10/2022
100
22/11/2022
58
15/12/2022
135

336,483.00
27/10/2022
91
22/11/2022
52
15/12/2022
101

198,994.00

24,011.00
27/10/2022
65
22/11/2022
35
15/12/2022
54
26/10/2022
62
15/12/2022
117
27/10/2022
92
22/11/2022
48
15/12/2022
122
27/10/2022
101
22/11/2022
73
15/12/2022
232
**3,867,796.00**|
**Disposals**

**Cost**
**Date**
**Quantity**
**£**
**3,853,610.31**

19,698.63
31/08/2023

11,922.20

27,910.07
11/10/2022
136,532

7,224.52
31/08/2023

4,613.82

8,975.81
13/10/2022
24,238.00000
13/10/2022
379.62600

7,468.45
24/05/2023
10

4,712.43
31/08/2023

7,549.23

4,600.08
31/08/2023

8,967.75

5,562.66
31/08/2023

3,160.74

7,846.01

7,703.67
18/04/2023
140

4,914.90
31/08/2023

13,433.11
**4,009,874.39**|

**Proceeds**
**£**
**4,083,602.13**
(16,257.10)

301,274.51
1,229.15

187,522.62

21,783.56

2,418.42
(37,639.07)
4,464.83
(1,119.59)

8,714.31
3,946.34
**4,559,940.11**|**Profit**
**Holding**
**(Loss)**
**31/08/2023**
**£**
**(202,203.18)**
293
(35,208.49)
244
(11,471.38)
(2,227.44)
1,137.24
144
179
262
(269.03)
266
**(250,242.28)**|
**Book Value**
**M**

**31/08/2023**
**£**
**2,876,113.00**

75,788.00

19,585.00

56,088.00

9,103.00

17,689.00

13,122.00
**3,067,488.00**|**arket Value**
**31/08/2023**
**Date**
**£**
**2,876,113**
08/12/2022
09/03/2023
75,788
08/06/2023
16/09/2022
23/12/2022
03/04/2023
19,585
05/07/2023
15/09/2022
17/10/2022
19/12/2022
29/03/2023
56,088
30/06/2023
09/03/2023
9,103
12/12/2022
09/03/2023
17,689
09/06/2023
13,122
**3,067,488**|**Net Income**
**£**
**91,775.76**
47.02
141.01
133.73
29,847.90
34.05
56.71
55.24
151.73
182.37
2.79
4.19
3.84
208.08
18.41
53.32
59.80| |---|---|---|---|---|---|---|---| ||||||||**122,775.95**| Page 22 ## **THE EMMOTT FOUNDATION LIMITED** ## **SCHEDULE OF INVESTMENTS & INCOME** ## **YEAR ENDED 31ST AUGUST 2023** |**Holding**
**01/09/2022**
**Brought Forward**
JP MORGAN CHASE
Jpmorgan Asset Management UK Ltd
US Equity Income Hedged C Net Inc Nav
Jpmorgan Asset Mgmt(Europe)s.A.R.L
Emerging Markets Debt I2 GBP Dis Hgd
1,138.00000
Koninklijke Dsm Nv
EUR1.5
Linde Plc
Common USD0.001
Lloyds Banking Group
Ordinary GBP0.10
674,099
London Stock Exchange Group
Ordinary GBP0.06918604
Lvmh Moet Hennessy Vuitton Se
EUR0.30
Markets Ii Plc Invesco Cs Gl Bc
US Treasury Bd Ucits Etf GBP Dis Hdg
**Carried Forward**|
**Book Value**
**Additions**

**01/09/2022**
**Date**
**Quantity**
**£**
**2,925,479.00**
27/10/2022
93
22/11/2022
53
15/12/2022
130
27/10/2022
40,292.00000
23/11/2022
22,481.00000
31/01/2023
18/04/2023

87,034.00
26/10/2022
41
15/12/2022
91
27/10/2022
32
15/12/2022
57

295,795.00
25/07/2023
266
26/10/2022
14.00000
15/12/2022
25.00000
15/12/2022
3,861.00000
29/06/2023
301.00000
**3,308,308.00**|
**Disposals**

**Cost**
**Date**
**Quantity**
**£**
**3,460,683.97**

10,118.80
31/08/2023

6,019.97

13,929.91

83,605.90
27/03/2023
17,241.00000

49,525.64
29/06/2023
45,532.00000
(299.64)
(112.03)
13/10/2022
1,138.00000

4,442.01
31/08/2023

9,720.84

8,164.44
31/08/2023

15,549.19
11/10/2022
674,099

22,323.93
31/08/2023

7,990.82
31/08/2023

15,181.52

136,409.13
31/08/2023

10,355.91
**3,853,610.31**|

**Proceeds**
**£**
**3,601,339.16**
(1,804.32)

34,499.24

93,477.20

74,143.66
3,815.85
(3,470.37)

278,200.40
570.93
(2,955.66)
5,786.04
**4,083,602.13**|**Profit**
**Holding**
**(Loss)**
**31/08/2023**
**£**
**(166,974.81)**
276
(1,983.88)
(2,759.55)
(12,890.34)
132
89
(17,594.60)
266
39.00000
4,162.00000
**(202,203.18)**|
**Book Value**
**M**

**31/08/2023**
**£**
**2,617,849.00**

31,873.00

10,347.00

27,184.00

21,753.00

26,128.00

140,979.00
**2,876,113.00**|**arket Value**

**31/08/2023**
**Date**
**£**
**2,617,849**
31/01/2023
01/05/2023
31,873
31/07/2023
31/01/2023
28/04/2023
28/04/2023
03/08/2023
28/09/2022
03/07/2023
10,347
16/12/2022
28/03/2023
27,184
19/06/2023
12/09/2022
21,753
05/12/2022
26,128
26/04/2023
23/03/2023
140,979
22/06/2023
**2,876,113**|**Net Income**
**£**
**73,706.25**
189.16
185.85
180.65
220.13
535.88
186.97
546.38
5,712.76
2,145.21
30.57
90.91
87.80
5,392.79
44.96
178.57
1,130.11
1,210.81| |---|---|---|---|---|---|---|---| ||||||||**91,775.76**| Page 23 ## **THE EMMOTT FOUNDATION LIMITED** ## **SCHEDULE OF INVESTMENTS & INCOME** ## **YEAR ENDED 31ST AUGUST 2023** |**Holding**
**01/09/2022**
**Brought Forward**
Pimco Europe Ltd
Emerging Mrkts Bond Esg GBP Dis Hgd
Pimco Global Advisors Irl Ltd
UK Corp Bd Fd Inst Inc GBP
68,108.00000
Proctor and Gamble
Prudential Plc
Ordinary 5p shares
22,750
Rathbones Group Plc
Ordinary GBP0.05
7,297
Reckitt Benckiser Group Plc
Ordinary shares of 10P
6,554
Relx Plc
GBP0.1444
18,705
Robeco Capital Growth Funds
Robecosam Qi US Clmt Beta Eqtys Seh GBP
Robeco Capital Growth Funds
Robecosam US Green Bonds Sh GBP Acc
Roche Holdings AGS
Genusscheine NPV
**Carried Forward**|
**Book Value**
**Additions**

**01/09/2022**
**Date**
**Quantity**
**£**
**3,867,796.00**
26/10/2022
10,164.00000
15/12/2022
13,523.00000
12/01/2023
4,325.00000

595,264.00
27/10/2022
107
22/11/2022
60
15/12/2022
137

205,569.00

131,492.00

435,710.00

423,107.00
28/03/2023
1,356.00000
26/06/2023
524.00000
26/10/2022
39
15/12/2022
87
**5,658,938.00**|
**Disposals**

**Cost**
**Date**
**Quantity**
**£**
**4,009,874.39**

68,505.36
28/03/2023
9,533.00000

100,881.58
31/08/2023

31,961.75
13/10/2022
68,108.00000

12,243.51
31/08/2023

7,381.75

16,838.48
11/10/2022
22,750
11/10/2022
7,297
11/10/2022
6,554
11/10/2022
18,705

136,603.44
31/08/2023

45,242.16
31/08/2023

11,283.25
20/03/2023
66

23,256.39
31/08/2023
**4,464,072.06**|

**Proceeds**
**£**
**4,559,940.11**

69,686.23
(2,624.98)

526,101.61
(564.26)

199,832.65

118,889.19

385,650.60

413,514.95
(17,736.56)
471.16

15,154.74
2,492.45
**6,270,807.89**|**Profit**
**Holding**
**(Loss)**
**31/08/2023**

**£**
**(250,242.28)**
1,163.56
18,479.00000
(69,162.39)
304
(5,736.35)
(12,602.81)
(50,059.40)
(9,592.05)
1,356.00000
524.00000
(2,937.45)
60
**(399,169.17)**|
**Book Value**
**M**

**31/08/2023**
**£**
**3,067,488.00**

135,451.00

37,028.00

154,340.00

44,771.00

13,955.00
**3,453,033.00**|**arket Value**
**31/08/2023**
**Date**

**£**
**3,067,488**
13/01/2023
17/04/2023
135,451
11/07/2023
13/10/2022
15/02/2023
15/05/2023
37,028
15/08/2023
27/09/2022
04/10/2022
14/09/2022
08/09/2022
154,340
28/04/2023
44,771
21/03/2023
13,955
**3,453,033**|**Net Income**
**£**
**122,775.95**
1,853.39
1,599.39
1,640.88
3,199.85
193.26
193.02
189.68
1,133.04
2,043.16
4,784.42
2,936.69
474.60
677.89
**143,695.22**| |---|---|---|---|---|---|---|---| Page 24 ## **THE EMMOTT FOUNDATION LIMITED** ## **SCHEDULE OF INVESTMENTS & INCOME** ## **YEAR ENDED 31ST AUGUST 2023** |**Holding**
**01/09/2022**
**Brought Forward**
Royal London Asset Management
Sterling Credit Instl A GBP Dis Nav
214,323.000
Sage Group
GBP0.01051948
36,215
Schneider Electric
EUR4
Schroder Unit Trusts
Cazenove Chrty Responsible Ma S GBP Dis
Schroders Plc (New Co.)
Ordinary £1 shares (Voting)
6,252
Service now
Shell Plc
Ordinary EUR0.07
35,464
Siemens Ag
Npv (Regd)
**Carried Forward**|
**Book Value**
**Additions**

**01/09/2022**
**Date**
**Quantity**
**£**
**5,658,938.00**

256,330.00
30/09/2022

259,010.00
26/10/2022
59
15/12/2022
117
25/10/2022
2,164,078.98000
01/11/2022
4,208,915.25000
14/11/2022
2,185,304.44000
27/02/2023
27/06/2023 379,434.65000
31/08/2023

168,054.00
27/10/2022
21
22/11/2022
14
15/12/2022
27

812,126.00
26/10/2022
61
15/12/2022
99
**7,154,458.00**|
**Disposals**

**Cost**
**Date**
**Quantity**
**£**
**4,464,072.06**
(170.24)
11/10/2022
214,323.000
11/10/2022
36,215

6,837.56
24/05/2023
24

13,600.21
31/08/2023
1,129,000.00
31/08/2023

2,200,000.00

1,186,838.84

(6,915.11)

200,000.00
(83.21)
11/10/2022
6,252

7,574.87
31/08/2023

4,698.59

9,050.73
11/10/2022
35,464

5,905.45
31/08/2023

10,978.27
**9,231,388.02**|

**Proceeds**
**£**
**6,270,807.89**

226,500.83

247,374.52

3,260.75
(2,994.20)
4,911.52

137,696.72
(7,486.81)

808,852.51
(2,148.28)
**7,686,775.45**|**Profit**
**Holding**
**(Loss)**
**31/08/2023**

**£**
**(399,169.17)**
(29,658.93)
(11,635.48)
473.78
152
8,937,733.32000
(30,357.28)
62
(3,273.49)
160
**(473,620.57)**|
**Book Value**
**M**

**31/08/2023**
**£**
**3,453,033.00**

20,645.00

4,703,929.00

28,811.00

19,032.00
**8,225,450.00**|**arket Value**
**31/08/2023**
**Date**

**£**
**3,453,033**
30/09/2022
30/09/2022
11/05/2023
20,645
27/02/2023
30/05/2023
31/08/2023
4,703,929
28,811
20/09/2022
14/02/2023
19,032
**8,225,450**|**Net Income**
**£**
**143,695.22**
2,393.01
211.16
357.87
41,713.15
49,304.36
51,728.83
7,649.58
434.54
**297,487.72**| |---|---|---|---|---|---|---|---| Page 25 ## **THE EMMOTT FOUNDATION LIMITED** ## **SCHEDULE OF INVESTMENTS & INCOME** ## **YEAR ENDED 31ST AUGUST 2023** |**Holding**
**01/09/2022**
**Brought Forward**
Sika Ag
CHF0.01 (Reg)
Smith David S Holdings Plc
Ordinary 10p shares
24,126
SPDR S&P DIV ARISTO USD
SPDR S&P US
Dividend Aristocrats ETF
SSE Plc
GBP0.50
30,780
Tesla
Thermo Fuisher Scientific
Treasury Stock
4.25% 07/06/2032
Treasury Stock
5% 07/03/2025
Ubs (Irl) Etf Plc
Msci Usa Social Respnse Uc Gbp A Dis Hdg
**Carried Forward**|
**Book Value**
**Additions**

**01/09/2022**
**Date**
**Quantity**
**£**
**7,154,458.00**
26/10/2022
32
15/12/2022
62

64,585.00
12/01/2023
7,036
13/02/2023
3,661
29/06/2023
716
11/01/2023
1,586
29/06/2023
221

508,640.00
27/10/2022
42
22/11/2022
38
15/12/2022
115
27/10/2022
28
22/11/2022
16
15/12/2022
37
12/01/2023
57,348.40
27/03/2023
157,807.31
29/06/2023
11,891.86
26/10/2022
5,037.00000
15/12/2022
4,533.00000
12/01/2023
3,748.00000
**7,727,683.00**
|
**Disposals**

**Cost**
**Date**
**Quantity**
**£**
**9,231,388.02**

6,401.36
31/08/2023

12,761.04
11/10/2022
24,126

187,761.50
11/04/2023
3,170

96,748.49
31/08/2023

16,645.00

92,905.34
31/08/2023

11,668.80
11/10/2022
30,780

8,245.31
18/04/2023
76

5,432.09
26/06/2023
41

14,967.69
31/08/2023

12,120.82
31/08/2023

7,303.94

16,887.84

61,682.94
31/08/2023

162,493.13
31/08/2023

12,038.31

67,475.65
27/03/2023
13,318.00000

63,552.66

52,074.71
**10,140,554.64**|

**Proceeds**
**£**
**7,686,775.45**
(1,868.60)

64,218.41

77,407.59
22,791.94
7,781.14

445,699.16

11,388.58

8,024.46
(4,427.96)
700.60
4,460.94
4,730.44

190,447.40
**8,518,129.55**|**Profit**
**Holding**
**(Loss)**
**31/08/2023**

**£**
**(473,620.57)**
94
(366.59)
(6,905.46)
8,243
1,807
(62,940.84)
224.34
2,001.65
78
81
57,348.40
169,699.17
7,344.38
**(534,263.09)**|
**Book Value**
**M**

**31/08/2023**
**£**
**8,225,450.00**

21,031.00

194,050.00

96,793.00

15,886.00

35,612.00

57,222.00

169,801.00
**8,815,845.00**|**arket Value**
**31/08/2023**
**Date**

**£**
**8,225,450**
03/04/2023
21,031
01/11/2022
15/02/2023
11/05/2023
194,050
15/08/2023
28/03/2023
96,793
27/06/2023
22/09/2022
15,886
17/01/2023
14/04/2023
35,612
14/07/2023
57,222
07/06/2023
169,801
06/02/2023
**8,815,845**|**Net Income**
**£**
**297,487.72**
170.35
2,460.85
1,540.41
1,906.49
2,814.87
495.73
470.84
18,529.56
9.13
19.13
18.17
1,218.65
989.53
**328,131.43**| |---|---|---|---|---|---|---|---| Page 26 ## **THE EMMOTT FOUNDATION LIMITED** ## **SCHEDULE OF INVESTMENTS & INCOME** ## **YEAR ENDED 31ST AUGUST 2023** |**Holding**
**01/09/2022**
**Brought Forward**
Ubs Fund Management(Luxembourg)sa
Msci Em M Soc Res A Dis USD (Gbp)
Ubs(Irl)etf Plc
Msci Uk Imi Soc Res A Gbp Inc Ucits(Gbp)
Unilever plc
Ordinary 3.1111p shares
Union Bancaire Privee Sa
Global High Yield Solution Ih GBP Dist
3,353.00000
United Kingdom(Government Of)
4.25% Stk 7/3/2036 GBP100
United Kingdom(Government Of)
4.25% Stk 07/12/2027 GBP100
70,557.00
United Kingdom(Government Of)
4.5% Stk 07/12/2042 GBP100
58,609.00
United Kingdom(Government Of)
4.75% Stk 07/12/2030 GBP100
43,050.00
**Carried Forward**|
**Book Value**
**Additions**

**01/09/2022**
**Date**
**Quantity**
**£**
**7,727,683.00**

26/10/2022
6,388.00000
15/12/2022
6,420.00000
12/01/2023
4,589.00000
29/06/2023
793.00000
26/10/2022
1,510.00000
15/12/2022
1,520.00000
06/02/2023
1,012.00000
29/06/2023
396.00000
10/07/2023
399

295,969.00
12/01/2023
14,193.34

75,454.00
27/03/2023
88,195.67
29/06/2023
12,359.01

69,944.00

49,551.00
**8,218,601.00**
|
**Disposals**

**Cost**
**Date**
**Quantity**
**£**
**10,140,554.64**

60,526.30
27/03/2023
5,984.00000

63,450.59
31/08/2023

48,849.91

7,725.80

21,188.32
31/08/2023

22,879.04

16,139.38

5,934.46

16,001.71
31/08/2023
13/10/2022
3,353.00000

15,308.19
27/03/2023
14,193.34

93,086.13
11/10/2022
70,557.00

12,147.81
31/08/2023
11/10/2022
58,609.00
11/10/2022
43,050.00
**10,523,792.28**|

**Proceeds**
**£**
**8,518,129.55**

58,679.10
4,010.82
476.20
(126.29)

290,869.30

15,251.10

70,155.58
5,774.94

56,171.96

44,453.58
**9,063,845.84**|**Profit**
**Holding**
**(Loss)**
**31/08/2023**

**£**
**(534,263.09)**
(767.68)
12,206.00000
4,438.00000
399
(5,099.70)
(57.09)
(5,298.42)
100,554.68
(13,772.04)
(5,097.42)
**(564,355.44)**|
**Book Value**
**M**

**31/08/2023**
**£**
**8,815,845.00**

117,095.00

65,665.00

16,128.00

99,459.00
**9,114,192.00**|**arket Value**
**31/08/2023**
**Date**

**£**
**8,815,845**
06/02/2023
14/08/2023
117,095
06/02/2023
11/08/2023
65,665
16,128
31/08/2023
07/03/2023
07/06/2023
99,459
**9,114,192**|**Net Income**
**£**
**328,131.43**
1,746.31
1,689.55
825.78
1,333.62
147.63
301.61
1,874.16
**336,050.09**| |---|---|---|---|---|---|---|---| Page 27 ## **THE EMMOTT FOUNDATION LIMITED** ## **SCHEDULE OF INVESTMENTS & INCOME** ## **YEAR ENDED 31ST AUGUST 2023** |**Holding**
**01/09/2022**
**Brought Forward**
United Kingdom(Government Of)
3.75% Gilt 22/07/52 GBP0.01 Wi
37,563.00
United Kingdom(Government Of)
2.25% Gilt 07/09/23 GBP1
24,087.00
United Kingdom(Government Of)
2% Gilt 07/09/25 GBP0.01 Wi
63,049.00
United Kingdom(Government Of)
1.5% Gilt 22/07/2047 GBP100
29,261.00
United Kingdom(Government Of)
1.75% Gilt 07/09/37 GBP100
54,006.00
United Kingdom(Government Of)
0.125% Idx/lkd Nts 10/08/41 Gbp0.01'regs
31,652.00
United Kingdom(Government Of)
1.625% Bds Gilt 22/10/2054 GBP
28,803.00
United Kingdom(Government Of)
0.125% Bds 31/01/2028 GBP1000
United Kingdom(Government Of)
0.25% Bds 31/01/2025 GBP1000
United Kingdom(Government Of)
4.125% Bds 29/01/2027 GBP1000
**Carried Forward**|
**Book Value**
**Additions**

**01/09/2022**
**Date**
**Quantity**
**£**
**8,218,601.00**


42,572.00

23,889.00

61,548.00

20,995.00

44,849.00
12/01/2023
14,142.34

45,714.00

20,531.00
12/01/2023
27,633.89
11/01/2023
13,760.05
12/01/2023
13,869.89
27/03/2023
95,923.14
29/06/2023
11,195.08
**8,478,699.00**
|
**Disposals**

**Cost**
**Date**
**Quantity**
**£**
**10,523,792.28**
11/10/2022
37,563.00
11/10/2022
24,087.00
11/10/2022
63,049.00
11/10/2022
29,261.00

11,105.38
11/10/2022
54,006.00
24/03/2023
14,142.34
11/10/2022
31,652.00
11/10/2022
28,803.00

23,608.01
24/03/2023
27,633.89

12,891.80
24/03/2023
13,760.05

14,364.11
31/08/2023

98,268.38

11,035.78
**10,695,065.74**|

**Proceeds**
**£**
**9,063,845.84**

31,709.70

23,634.21

58,818.15

15,231.13

36,525.52

11,265.38

29,239.34

14,312.75

23,924.87

12,945.59
5,269.27
**9,326,721.75**|**Profit**
**Holding**
**(Loss)**
**31/08/2023**

**£**
**(564,355.44)**
(10,862.30)
(254.79)
(2,729.85)
(5,763.87)
(8,323.48)
160.00
(16,474.66)
(6,218.25)
316.86
53.79
120,988.11
**(614,451.99)**|
**Book Value**
**M**

**31/08/2023**
**£**
**9,114,192.00**

118,399.00
**9,232,591.00**|**arket Value**
**31/08/2023**
**Date**

**£**
**9,114,192**
07/09/2022
07/09/2022
07/09/2022
07/03/2023
25/01/2023
25/01/2023
25/01/2023
31/07/2023
118,399
**9,232,591**|**Net Income**
**£**
**336,050.09**
270.98
630.49
472.55
123.75
17.27
17.20
167.91
2,495.38
**340,245.62**| |---|---|---|---|---|---|---|---| Page 28 ## **THE EMMOTT FOUNDATION LIMITED** ## **SCHEDULE OF INVESTMENTS & INCOME** ## **YEAR ENDED 31ST AUGUST 2023** |**Holding**
**01/09/2022**
**Brought Forward**
UNITEDHEALTH GROUP
Universal Music Group N.V
EUR10.00
Vanguard Investment Series
Ftse 100 Etf Inc Nav
11,662.00000
Visa A
Vodafone Group Plc
Ord USD0.209538
300,653
Vonovia Se
No Par Value
Walt Disney
WASTE MANAGEMENT
WPP Group Plc
Ordinary 10p shares
37,534
Xtrackers (Ie) Plc
Xtrackers Msci Wld Ucits Etf 2d GBP Hgd
3,033.00000
**Carried Forward**|
**Book Value**
**Additions**

**01/09/2022**
**Date**
**Quantity**
**£**
**8,478,699.00**

21/03/2023
58
26/10/2022
271
15/12/2022
507
15/05/2023
331

377,045.00
27/10/2022
70
22/11/2022
42
15/12/2022
106

347,795.00
26/10/2022
210
15/12/2022
359
27/10/2022
85
22/11/2022
61
15/12/2022
161
06/03/2023
114

279,403.00

109,880.00
**9,592,822.00**
|
**Disposals**

**Cost**
**Date**
**Quantity**
**£**
**10,695,065.74**

22,626.26
31/08/2023

4,899.46
31/08/2023

10,003.25

5,309.22
11/10/2022
11,662.00000

12,307.46
24/05/2023
88

7,392.25
31/08/2023

18,097.31
11/10/2022
300,653

4,018.78
14/03/2023
569

7,450.38

7,804.32
31/08/2023

4,924.85

12,143.91

14,304.83
31/08/2023
11/10/2022
37,534
11/10/2022
3,033.00000
**10,826,348.02**
|

**Proceeds**
**£**
**9,326,721.75**
812.26
(1,530.07)

349,263.98

15,514.50
(2,665.49)

304,065.53

10,106.65
4,599.08
199.83

278,521.85

110,826.75
**10,396,436.62**|**Profit**
**Holding**
**(Loss)**
**31/08/2023**

**£**
**(614,451.99)**
58
1,109
(27,781.02)
256.99
130
(43,729.47)
(1,362.51)
307
114
(881.15)
946.75
**(687,002.40)**|
**Book Value**
**M**

**31/08/2023**
**£**
**9,232,591.00**

21,814.00

21,742.00

25,205.00

20,274.00

14,105.00
**9,335,731.00**|**arket Value**
**31/08/2023**
**Date**

**£**
**9,232,591**
21,814
27/06/2023
07/06/2023
21,742
28/09/2022
01/12/2022
28/02/2023
25,205
01/06/2023
20,274
24/03/2023
14,105
15/06/2023
**9,335,731**|**Net Income**
**£**
**340,245.62**
72.10
151.01
4,458.03
21.98
68.00
66.55
54.80
52.60
**345,190.69**| |---|---|---|---|---|---|---|---| Page 29 ## **THE EMMOTT FOUNDATION LIMITED** ## **SCHEDULE OF INVESTMENTS & INCOME** ## **YEAR ENDED 31ST AUGUST 2023** |**Holding**
**01/09/2022**
**Brought Forward**
Xtrackers (Ie) Plc
USD Corp Green Bd Ucits Etf 1d GBP Hdg
**TOTAL:**
**Reconciliation**
**Adjust between Trust accounts feed and Brokers**
**Ad j**
**Revaluation**
**Profit and loss**
**Ad**
**Interest**|
**Book Value**
**Additions**

**01/09/2022**
**Date**
**Quantity**
**£**
**9,592,822.00**

26/10/2022
1,446.00000
**9,592,822.00**

|
**Disposals**

**Cost**
**Date**
**Quantity**
**£**
**10,826,348.02**


27,549.19
12/01/2023
1,446.00000
**10,853,897.21**

**8,089**
**10,861,986**|

**Proceeds**
**£**
**10,396,436.62**

28,610.12
**10,425,046.74**
**(8,069)**
**(11,429)**
**685,941**
**1,342**
**11,092,832**|**Profit**
**Holding**
**(Loss)**
**31/08/2023**

**£**
**(687,002.40)**
1,060.93
**(685,941.47)**
**(11,429)**
**697,370**|
**Book Value**
**M**

**31/08/2023**
**£**
**9,335,731.00**
**9,335,731.00**
**14,816**
**9,350,547**|**arket Value**
**31/08/2023**
**Date**

**£**
**9,335,731**
25/11/2022
**9,335,731**
**14,816**
**9,350,547**|**Net Income**
**£**
**345,190.69**
237.00
**345,427.69**
**30,764**
**376,192**| |---|---|---|---|---|---|---|---| Page 30