DoGUSign Envelope ID". C8B32C62.26BE.4621.B7C5-79D225706882
THE EMMOTT FOUNDATION LIMITED
ANNUALACCOUNTSAND TRUSTEES, REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
REGISTERED CHARITY NO: 209033
REGISTERED COMPANY NO: 00710369

DoGUSign Envelope ID". C8B32C62.26BE.4621.B7C5-79D225706882
THE EMMOTT FOUNDATION LIMITED
CONTENTS
Page
Council's Report
Auditorfs Report
ststement of Financial Activities
Balance sheet
Cash Flow Statement
10
Notes to the Financial Statements
11- 15
Investment Schedule
16-25

DoGUSign Envelope ID". C8B32C62.26BE.4621.B7C5-79D225706882
THE EMMOTT FOUNDATION LIMITED
REPORT OFCOUNCILOF MANAGEMENT
FOR THE YEAR ENDED 31 AUGUST 2024
Reference and administrative inforrnation
The Council
MrCRDick
Mrs S J Ainsworth
MrE DABames
Mrs E E A Mckendrick
Ms D Coggan
The Articles ofAssocialion dated 12 December 1961 established a Council of Management. All the members of Counal are
Trustees of the Gharily and are also Directors of the Company.
Web Address
www.emmottfoundalion.org
Registered Office
10 Queen Street Place, London, EC4R 1AG
Charity Number: 209033
Company Number- 00710369
Education Officers
Mr & Mrs P Spillane
Auditors
Moore Kingston Smith LLP, 4 Beaconsfield Road, St Abans, HertfordshireAL1 3RD
Bankers
Child & Co, 1 Fleet Street, London, EC4Y 1 BD
Administration & Accountancy
Haysmac LLP, 10 Queen Street Place, London, EC4R 1AG
Investment Managers
Cazenove Capital. 1 London Wall Place, London EC2Y SAU
Brown Shipley, 2 Moorgate, London EC2R 8AG
Report of tha Council for the year ended 31 August 2024
The Council present their report and accounts for the year ended 31 August 2024.
The accounts have been p￿pared in accordance wi(h the accounting policies sel out in note 110 the accounts and comply
with the Charity's goveming document (The Memorandum and Articles ofAssociation dated 12 December 19611, the
Companies Act 2006 and Accounting and Reporting by Charities.. Slalement of Recommended Practi￿ applicable to
Charities preparing their a¢￿Unts in a¢¢ordan¢e with the Financial Reporting Standard applicable in the UK and Republi¢ 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 Charty is a Company limited by guarantee and is governed by Its Memorandum and Arb"cles ofAssocialion dated 12
December 1961.
New Council members are appointed by the Council of Management based on recommendations made by the existing
Council members. Imien new members join the Council they are provided with further information regarding finan￿8
govemance and charitable objectives. The Memorandum and Artides of Associats'on provides for a rninirnum of 3 and a
maximum of 11 members of Council.
The Charity is governed by the Council of Management who meet h￿ice a year in Spring and again in Summer. The Council
agrees the broad strategy and areas of activity for the Foundation, including consideratlDn of grants, investment, reserves and
risk management polices and performan￿. There is a further 'paper' meeting In November when residual grant items for the
current academic year are reviewed and determined.

DoGUSign Envelope ID". C8B32C62.26BE.4621.B7C5-79D225706882
THE EMMOTT FOUNDATION LIMITED
REPORT OFCOUNCILOF MANAGEMENT
FOR THE YEAR ENDED 31 AUGUST 2024
structure, governance and management Iconll
The day to day business of the Charity is in the hands of the Education Officers. Their functions indude 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 fomier grant holders.
Rlsk Management
The Council 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 lo mitigate exposure lo the major risks. The Council
consider that the key risk5 ielate lo the Charity's banking and investment operations both of which are carried out on behalf of
the Charity by independent regulated enlilies. 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 lo the guidance from the Charity Commission on public benefit in deciding what activities the
Charity should undertake. Accordingly grants are primarily intended for ¢hildren 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 andlor alcohol
abuse.
The present policy of thè Council is lo make grants direct to schools lo assist towards sixth fomi fees for students, normally
with high academic standards, capable of qualifying for entry lo University. Grants are normally only considered if the school
is also willing lo make a significant ¢onlribulion towards the ¢osl of the school fees. The Council also award grants lo
educational trusts, The sam1lpe1￿ Trust (Arkwright Engineering Scholarships) and Tutoring to Thrive.
Grant making policy
The Charity re￿iVeS 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 Charity's objectives. The Education Officers or their
equivalent from similar charities then may visit the applicant once the application form Is re￿1Ve￿ and the case is then
prepared lo the Council member5 for their considerabon.
Achievements and Perfomiance
The Charty each year receives more grant applications than it is able to fund, but the Counal is pleased lo assist as many
students falling wlhin 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 tsbular form, is presented lo Council.
In the academic year 2023-2024, the Foundation assisted 61 pupils. Of these, 30 were in the Upper Sixth. In theirA levels,
86 % were grade C or above, and 550A were A. or A.
Financial Review
Grants made during the year amounted lo £290,74512023.' £297,950). The nel increase in resources for the year amounted
to £43.79512023'. £57.3041. Gains on investments for the year amounted lo £872.14312023'. losses £697.3701- The wunryl
is satisfied with the net financial position at 31 August 2024 of £10,667,92212022.' £9,751,984).
The Charty received donations of £95.64012023'. £96.6401 as set out in note 5 to the accounts.
Plans for the future
The Charty is managed with a view to it being able to continue its activities for the future.

DoGUSign Envelope ID". C8B32C62.26BE.4621.B7C5-79D225706882
THE EMMOTT FOUNDATION LIMITED
REPORT OFCOUNCILOF MANAGEMENT
FOR THE YEAR ENDED 31 AUGUST 2024
Key Managemgnl Pgrsonngl
The Council consider the board of council and the senior management team cornprise the key management personnel of the
Charity in charge of directing and controlling. running and operating the Charity on a day to day basis. ￿1 trustees give of their
time freely and no trustee received remuneration in the year. Details of trustees expenses and related party transactions are
disdosed in note 9 to the accounts.
Public Benefit
The Council confirrn that they have complied with the duty in section 4 of the ChariliesAct 2011 to have due regard to public
benefit guidence published by the commsion in determining the acliviles undertaken by the Charity.
Investment Pollcy and performance
The Council has appointed Cazenove Capital and Brown Shipley lo manage the Charity's investments and has given it
discretionary powers. The Council a￿ept$ a medium degree of investment risk and has appointed an investment sub-
Commilee to meet with the investment managers once a year lo review the investment performance.
Reserves Pollcy
The Charty is mainly reliant on ils return from investments to fund ils charitable aims, and therefore has a reserves policy
which aims to provide sustsinable funding for the future.
The Council seeks to expend at least its annual income to ftjlfil its charitsble aims, and to maintain the real value of its funds.
Fundral$lng Actlvlty
The charity's income is from ils investment portfolio. No fundraising activity is undertaken.
Going Concarn
The Council is of the opinion that the Charity has adequate resources lo continue in operational existence for the fO￿See&ble
future and there are no material uncertainties regarding the Charity's ability lo do so.
ststement of Coun¢ll Members, Re$ponslbllltle$
Company Law requires the Council members lo prepare financial stslements for each financial year which give a true and fair
view of the slate of the affairs of the company and of the profil and loss of the company for that period. In preparing those
financial statements, the Counal 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.,
slate 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 concem basis unless il is inappropriate lo 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 Auditots
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 to make
themselves aware of any relevant audit information and to establish that the Charity's auditors are aware of that infomiation.
This report has been prepared in accordance with part 15 of CA2006 relating lo Small Companies.

DoGUSign Envelope ID". C8B32C62.26BE.4621.B7C5-79D225706882
THE EMMOTT FOUNDATION LIMITED
REPORT OFCOUNCILOF MANAGEMENT
FOR THE YEAR ENDED 31 AUGUST 2024
AUDITORS
With Section 485 of the CompaniesAcl 2006, a resolution proposing the reappoinlmenl of Moore Kingston Smith LLP as
auditors to the Company will be put to the annual general meeting.
Approved by the Council at the Meeting on 31 March 2025 and signed on ils behalf by..
8PJn•dtsy.'
gic
Chairman of the Council
231612025

DoGUSign Envelope ID". C8B32C62.26BE.4621.B7C5-79D225706882
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OFTHE EMMOTT FOUNDATION LIMITED
Opinion
We have audited the financial statements of The Emmott Foundation Limited Ilhe 'charitsble company'l for the year ended
31 August 2024 which comprise the Slalemenl of Financial Activities (including the income and expenditure accounll, the
Balance Sheet, the Statement of Cashflows and notes to the financial slalemenls, including significant accounting policies.
The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom
AccoLJnting Stsndards. including FRS 102 'The Financial Reporting Standard Applicable in the UK and Republic of Ireland,
(United Kingdom Generally Accepted Accounting Pracb'cel.
In our opinion, the financial slatemenls..
give a true and fair view of the state of the charitable company's affairs as at 31 August 2024 and of its incoming
resources and application of resources, induding ils 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 Intemalional Standards on Auditing IUKI IISAS IUKII and applicable law. Our
re5ponsibililies under those standards are further described In the Auditor's Responsibilities for the audit of the financial
slalemenls section of our report. We are independent of the charitable company in accordance with the ethical
requirements that are relevant lo our audit of the financial statements in the UK, including the FRC'S Ethical Stsndard, and
we have fU￿illed our other ethical responsibilities in accordance with these requirements. We believe that the audit
eviden￿ we have obtained is sufficient and appropriate to provide a basis for our opinion.
Concluslons relatlng to golng concgrn
In auditing the financial statements, we have conduded 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 doubl on the charitable company's ability lo continue as a going
concern lor a period of at least bNelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant
sections of this report.
Other Infomiation
The other information comprises the information induded in the annual report other than the financial statements and our
auditor's report IhThe other infoimalion comprises the information Induded in the Report of Council of Management, other
than the financial statements and our auditor's report Ihereon. The trustees are responsible for the other information
contained within the Report of Council of Management. Our opinion on the financial statements does not cover the other
information and, except lo the exlenl olhetwise expliciuy stsled in our report, we do not express any form of assurance
conclusion Ihereon.
Our responsibility is to read the other information and, in doing so, consider whether the other information is materially
in¢onsislenl with the financial slalements or our knowledge obtained in the course of the audit or otherwise appears lo be
materially misstated. If we identify such material inconsistencies or apparent material misstatements. we are required to
determine whether there is a material misstatement in the financial statements themselves. If, based on the work we have
performed, we condude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing lo 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 Report of Council of Management for the financial year for which the finanaal
statements are prepared is consistent with the financial stalemenls, and
The Report of Council of Management has been prepared in accordance wth applicable legal requirements.
Matters on whlch we are requlred to report by exceptlon
In the light of the knowledge and understanding of the Company and its environment obtsined in the course of the audit, we
have not identified material misstatements in the Report of Council of Management

DoGUSign Envelope ID". C8B32C62.26BE.4621.B7C5-79D225706882
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OFTHE EMMOTT FOUNDATION LIMITED
Matters on whlch we are requlred to report by exceptlon Icon'tl
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to 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 slalements are not in agreement with the 8ccounling records and returns", OT
rtain disclosures of Iruslees, remuneration specified by law are not made.,
we have not received all the information and explanations we require for our audit.
the trustees were not enlilled lo prepare the financial slalements in accordance with the small companies regime
and lake advantage of the small companies exemption in preparing the Report of Council of Management and from
preparing a strategic report.
Re$ponslbllltles of trustees
As explained more fully in the Statement of Council Members, Responsibilities set out on page 3, the trustees (who 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 intemal control as the trustees
determine is ne￿SSary lo enable the preparation of financial stslemenls that are free from material misststemenl, whether
due to fraud or error.
In preparing the financial slalementS, the Iruslees are responsible for assessing the charitable company's ability to continue
as a going concern, disclosing, as applicable, matters related lo going concern and using the going concern basis of
accounting unless the trustees either intend lo Iiquidale the charitable company or to cease operations, or have no ￿aliStIC
alternative bul lo do so.
Audltofs responslbllltles for the audlt of the flnan¢lal ststements
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 indudes our opinion. Reasonable
assurance Is a high level of assurance, but is not a guarantee that an audit conducted In accordan￿ wth ISAS IUKI will
ab￿ayS detect a material misslalement when il exists. Misslalements can arise trom fraud or error and are considered
material if, Individually or In aggregate, they could reasonably be expected lo influence the economic decisions of users
taken on the basis of these financial stalemenls.
As part of an audit in accordance with ISAS IUKI we exercise professional judgement and maintain professional
sceplicism throughout the audit. We also..
Identify and assess the risks of material misslalemenl of the financial slatemenls, whether due lo fraud or error,
design and perfotm audit procedures responsive lo 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 misslalemenl resulting from fraud
is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions,
misrepresenlalions, or the override of internal control.
Obtain an understanding of internal control relevant lo the audit in order lo design audit procedures that are
appropriate in the circumstances, but not for the purposes 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 doubl on the charitable company's ability to continue as a going concern. If we con¢lud& that a maleiial
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, lo 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 conlenl of the financial slatemenls, including the disclosures, and
whether the financial stslements 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 ￿tspe 8nd liming of
the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our
audit.

DoGusign Envelope ID". C8B32C62.26BE.4621.B7C5-79D225706882
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OFTHE EMMOTT FOUNDATION LIMITED
Explanation as to what extsnt the audit was considered capabl8 of detecting irregularities, including fraud
Irregularities, including fraud. are instances of non-compliance with laws and regulations. We design pro¢edures in line ¥Mth
our responsibilities, outlined above, to detect material misstatements in respect of irregularities. including fraud. The extent
to which our procedLJres are capable of detecting irregularities, induding fraud is detailed below.
The objectives of our audit in respect of fraud. are", lo identify and assess the risks of material misstslemenl of the financial
statements due to fraud.. lo obtain suffiryenl appropriate audrt evidence regarding the assessed risks of material
misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks., and lo
respond appropriately to instances of fraud or SLJspecled fraud identified during the audit. However. the primary
responsibility for the prevention and detection of fraud rests with both management and those charged with governan￿ of
the charitable company.
Our approach was as follows..
We obtained an understanding of the legal and regulatory requirements applicable to the charitable company and
considered that the most significant are the Companies Act 2006, the Charities Act 2011. the Charity SORP, UK
financial reporting standards as issued by the Financial Reporting Council and tsx and Pensions legislation.
We obtained an understanding of how the charitable company complies with these requirements by discussions wth
management and those charged ¥Mth govemance.
We assessed the risk of material misslatemenl of the financial stalemenls, including the risk of material
misstalemenl due lo fraud and how It might occur, by holding discussions with management and those charged with
governance.
We inquired of management and those charged with governance as lo any known instsnces of non-compliance or
suspected non-complian￿ with laws and regulations. Based on this understanding, we designed specific
appropriate audit procedures to identify instances of non-compliance with laws and regulations. This induded..
making enquiries of management and those charged wth govemance,. obtaining additional corroborative evidence
as required, review of board 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.
There are inherent limitations in the audit prO￿dureS described above. We are less likely lo become aware of instances of
non-compliance with laws and regulations that are not dosely related to events and transactions reflected in the financial
slatemenls. Also, the risk of not detecting a material misslalement due to fraud is higher than the risk of not detecting one
resulting from error, as fiaud may Involve deliberate concealment by, for example, forgery or intentional misrepresenlalions,
or through collusion.
Use of our Report
This report is made solely lo the charitsble 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 company's members those
matters we are required lo slate 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 lo any party other than the charitable company and charitable company's
members as a body, for our audit work, for this report, or for the opinions we have formed.
or
n £
Elizabeth Vlicks (Senior Statutory Auditor)
For and on behalf of
Moore Kingston Smith LLP, Statutory Auditor
statutory Auditor
4 Beaconsfield Road
stAlbans
Hertfordshire
AL1 3RD
23 June
. 2025

DoGUSign Envelope ID". C8B32C62.26BE.4621.B7C5-79D225706882
THE EMMOTT FOUNDATION LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (incorporating an Inforne and Expenditure account)
FOR THE YEAR ENDED 31 AUGUST 2024
Unrestricted
Funds
2024
Unrestricted
Funds
2023
Nots
INCOME FROM
Investments
Donations and legaaes
355,274
95,640
376,192
96,640
Total Income
450,914
472,832
EXPENDITURE ON
Raising Funds- Investment Manager Costs
135.2761
136,7301
Charitsble activities
8&9
1371,8431
1378,7981
Total Expenditure
{407,1191
1415,5281
Nel income before gains
and losses on Investments
43,795
57,304
Nel Ilossesl on investments
872,143
1697,3701
Net IncomellExpendlturo1
915,938
1640,0661
Fund Balance as at 1 September 2023
9,751,984
10,392,050
Fund Balance as at 31 August 2024
10,667,922
9,751,984
All activities relate to continuing activib'es.

DoGUSign Envelope ID". C8B32C62.26BE.4621.B7C5-79D225706882
THE EMMOTT FOUNDATION LIMITED
BALANCE SHEET
AS AT 31 AUGUST 2024
Note
2024
2023
FIXED ASSETS
Investments
Tangible Assets
10,449,914
39
9,350,547
49
10,449,953
9,350,596
CURRENT ASSETS
Child & Co Bank Accounts
Stockbrokers accounts
Debtors
278,250
71,839
316,054
207,656
148
11
350.089
523,858
CREDITORS: Amounts falling due
Within one Year
10
132,120
122,470
NET CURRENT ASSETS
217,969
401,388
TOTAL NET ASSETS
10,867,922
9,751,984
Represented by-
UNRESTRICTED FUNDS
10,667,922
9,751,984
10,667,922
9,751,984
The financial statements have been prepared in accordance with the special provisions applicable to companies
subject lo the small companies, regime.
Under $454 of the Companies Act 2006. on a voluntary basis the Council can amend these financial stslemenls if
they subsequently prove defective.
The financial stslemenls We￿ approved and authorised for issue by the council on 31 March 2025 and were signed
below on its behalf by
8PJn•dby.'
Richard Dick
231612025
The notes on pages 1110 15 form part of these financial statements. The Registered Charity No. is 209033. The
Registered Company No. is 00710369

DoGUSign Envelope ID". C8B32C62.26BE.4621.B7C5-79D225706882
THE EMMOTT FOUNDATION LIMITED
STATEMENT OF CASH FLOWS
YEAR ENDED 31 AUGUST 2024
2024
2023
Note
Cash used In operatlng actlvltles
1301,6711
1306,7451
Cashflows from investing activities
Purchase of investments
Proceeds from sale of investments
Investment income
12,614,459) 110.861,9861
2,387,235
10,406,891
355,274
376,192
128,050
178,9031
Increase in cash at bank and on deposit
1173,8211
1385,6471
Cash at bank and on doposit at beginning of year
523,710
909,358
Cash at bank and on deposit carried fonNard
350,089
523,710
Note to Statement of cash flows
2024
2023
a Re¢onclllatlon of Net expendlture lo
Net Cash outflow from Operating Activities
Net lexpendilurel
Increase in creditors
IlncreasellDecrease in Debtors
Investment income
Losses on investments
Depreciation
915,938
9,650
148
1355,2741
1872,1431
10
1640,0661
12,279
11481
1376,1921
697,370
12
1301,6711
1306,7451
b Cash and cash equivalents
Child & Co bank accounts
Stockbroker income a¢counl
278,250
71,839
316,054
207,656
350,089
523,710
c Changes In net debt
At 1 September Cash Flows
Al 31 August
Cash at bank and in hand
523,710
1173,6211
350,089
10-

DoGUSign Envelope ID". C8B32C62.26BE.4621.B7C5-79D225706882
THE EMMOTT FOUNDATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
The Financial Statements have been prepared in accordance wth applicable accounting standards. The particular
accounting policies are described below".
ACCOUNTING POLICIES
The principal accounting policies of the Charity are as follows
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 accordan￿ with the
Financial Reporb'ng Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20151-
(Charities SORP IFRS 10211 Isecond edilionl, the financial Reporting Standard applicable in the UK and Republic
of Ireland IFRS 1021 and the CompaniesAcl 2006.
The Emmott Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are
initially recognised al historical cost or transaction value unless otherwise stsled in the relevant accounting policy
notes. The functional and presentational currency is sterling.
The Charity is a Company limited by guarantee and is govemed by ils Memorandum and Articles ofAssocialion
dated 12 December 1961. The registered address is 10 Queen Street Pla￿, London, EC4R 1AG.
Ib
Investments
Investments are slated al the middle-markel values ruling al the balan￿ sheet dale.
Income arising from these investments is accounted for when il is receivable.
Realised gains and loses are calculated on proceeds less opening market value.
Tangible assets
Depreciation is provided lo write off tangible assets over their estimated useful lives al 200/0 on the written down
value.
Expenditure
Support and Overhead costs have been allocated between Governance and Charitsble activities on the basis of
time spent and are accounted for on an accruals basis.
Taxatlon
The Foundation is not liable to U.K. Taxation
ifj
School Fees
School fees are accounted for in the Statement of Finanaal Activities when they are due.
Investment Management Fees
Investment Management fees are payable when the broker commissions fall short of the guaranteed minuimum
management sums due to the broker.
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 tirne period in which the expenditure of resources can take
place treated as deferred income.
Going Concern
The Council is of the opinion that the Charty has adequate resources lo continue in operational existence for the
foreseeable future and there are no material uncertainties regarding the Charity's ability lo do so.
ui
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.

DoGUSign Envelope ID". C8B32C62.26BE.4621.B7C5-79D225706882
THE EMMOTT FOUNDATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
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 lo a third party and the amount due lo setue 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 discount offered.
Prepayments are valued al the amount prepaid net of any trade discounts due.
Im)
Financial Instruments
The trust only has financial assets and financial liabilities of a kind that qualify as basic financial inslrumenls. Basic
financial Instruments are Inilally recognised al transaction value and subsequently measured al their settlement
value wi(h the exception of bank loans which are subsequently measured at amortised cost using the effective
interest method.
Fund Accounting
Unrestricted funds are available to spend on artivrties that further any of the purposes of the charity.
Material judgements and uncertainties
The preparation of the financial stslemenls requires management to make judgments, eslimales and assumptions
that affect the amoLJnts reported for assets and liabilities as at the balance sheet date and the amoLJnts reported for
revenues and expenses during the year. The nalure 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 stalemenls.
TANGIBLE ASSETS
(Office equipment)
Cost at 1 September 2023
Additions
2024
2023
11,598
11,598
At 31 August 2024
11,598
11,598
Depreciation at 1 September 2023
Depreciation for the year
11,549
11,537
12
At 31 August 2024
11,559
11,549
Net Book Value 31 August 2024
39
49
LISTED INVESTMENTS
2024
2023
Listed Securities on U.K. Stock Exchange
Market Value as at 1 September 2023
9,350,547
9,592,822
Less.. Disposals at opening market value
(proceeds £2,387,235)
12,280,480)
111,092,8321
Add.. Acquislions at cost
2,614,459
10,861,986
Unrealised Ilossesllgains during the year to 31 August 2024
785,388
111,4291
Market Value as at 31 August 2024
10,449,914
9,350.547
Historical cost as al 31 August 2024
9,891.944
9.230.227
12-

DoGUSign Envelope ID". C8B32C62.26BE.4621.B7C5-79D225706882
THE EMMOTT FOUNDATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
LISTED INVESTMENTS ICONYI
Historical Unrealised Ilossllgain as at 31 August 2024
757,970
120,320
INCOME
2024
2023
Investment Income
Brown Shipley
Casenove's
DepositAccount Interest
Stockbroker Interest
135,550
208,189
10,758
797
202,682
142,746
8,580
22,184
355,274
376,192
DONATIONS RECEIVED
2024
2023
Appeal
Worshipful Co of G&S
W O Street Foundation
Eleanor Hamilton
640
640
1,000
40,000
55.000
40,000
55,000
95,640
96,640
EDUCATION
HIGHER EDUCATION
2024
2023
Direct individual fee assistance Sixth Form
Scholarship
269,745
21,000
276,950
21,000
290,745
297,950
Allocation of Support cost
2024 Support
Costs
2024
Governance
Costs
2024 Totsl
Costs
Allocated
2023 Total
Costs
Allocated
staff Costs
Adminislralion
Depreciation
23,932
38,058
2,557
16,541
26,489
54,599
30,497
50,339
12
61,999
19,099
81,098
80,848
13-

DoGUSign Envelope ID". C8B32C62.26BE.4621.B7C5-79D225706882
THE EMMOTT FOUNDATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
Analysis of Charitable expenditure
Grant Funded
Activity
Support &
Governance
Costs
Total
2024
Total
2023
Education
290,745
81,098
371,843
378,798
290,745
81.098
371.843
378.798
Analysis of governance costs
2024
2023
Audit fees
Expenses reimbursed
Gross Wages
Employers Nl
Administration
Depreciation
12,312
1,170
2,332
224
3,060
9,600
1,014
2,826
224
3,060
19,099
15,486
During the year the Council had hNo administrative employees12023- 21. No employees earned in excess of
£60,000. The Counal consider that there are no employees that qualify as key management personnel.
Neither the Council nor persons connected with them ￿ceiVed any remuneration or other benefits from the
Foundation.
The aggregate amount of reimbursed expenses paid to the Council members was £012023.. £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 £Nil12022 . £01. Contributions totalling £Nil
12022 £0) were payable to the ftjnd at the balance sheet date.
CREDITORS. amounts falling due within one year
10
2024
2023
Accountancy fees
Audit fees
Deferred Income
School Fees
stockbrokers fees
5,100
10,500
95,000
15,500
6,020
5,100
9,900
95,000
7,000
5,470
132,120
122,470
Deferred income was from donation's that were received in advance of the 202412025 acadernic year. The
prior year defered income was released in the current year.
Debtors
11
2024
2023
Dividend's
148
148
14-

DoGUSign Envelope ID". C8B32C62.26BE.4621.B7C5-79D225706882
THE EMMOTT FOUNDATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
12
Flnanclal Instruments
2024
2023
Financial Assets
Financial assets measured at fair value
Financial assets measured at amortised cost
10,449,914
9,350,546
148
10,449,914
9,350,694
Financial liabilities
Financial liabilities measured al amortised cost
15,600
15,000
Financial assets measured at fair value through profil or loss comprise listed shares.
13
CONTROLLING PARTY
No single party has ultimate control over the Foundation.
14
Relaled Party Transactlon$
No Trustee or other person related lo the charity had any personal interest in any contract or transaction entered
into by the charity during the year.
15
Commltments
During the years ended 31 August 2023 and 31 August 2024 the Counryl approved grants for school fees in
respect of the academic years 2024125 and 2025126 subjed to various conditions including the academic and
general performance of students and their parental financial sitLJation. These grants will be funded from the
charity's cash reserves. Total amounts approved in respect of 2024125 were £267,780 and for 2025126 were
£144,350. 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-