e Emer50ll Foundation Acco15 for the Ye4r Ended S A ril 2021
The merson FouDd#tion Accounts for the Year Ended S A ri12021 Contents Alal Report Indep¢nikni Examin¢rs Report se[nen[ of Financial Activities for the Year to 5 April ?021 Ststemeni of Finallciai Position 5 - 6 Notes to ihe Accounts
The Emerson Foundati( the arto5 ril 2021 The trustees present their Rèport for thèyear end 5 April 2021. Total intome for the year amounted to £55,882 comprising donations of £55,871 and interest of £11. During the year. £55.038 was donated to tharitable cause5. Expenditure exceÈded income by £136 resulting in a decrease in total funds to E14.572. Covid-19 had no impart on the charity's operations during the year. The Charity's principal object is to make grants and don31ions for the benefit of a wide range of tharitable purposes includin8 SOC131 and animal welfare. medical research & social care and art. drama. music & the performing art5. The Trustees ha¥e given due tonsideration to Charity Comrnission published guidan on the operation of the public benefit requirement and public benefit is provided by the ¢harity in the nature of the grants and 11onations that are made. The trustees are satisfied with the overall perfomiance of the fvnd durirbg the year and with the payments made to charitable organisations. For the future the trustee5 intend to make similar payments to these types of org3nÉsations dependent on the level of donations received. There is no defined policy regardin8 resetves. however the trustees endeavour to utilise funds available in the most appropriate manner. Charitsble grants are issued at the discretion of thè trustees. The trustees durin8 the year were .' PE Jones OBE Ajones The trustees have discretionary power to appoint trustees. The charity was established by Trust Deed dated 23 February 1990 and is registered with the Charity Cornmission, No. 328555. The charity's address is Emerson House. Heyes Lane, Alderlev Edge, Cheshire. The tiustees wish to thank the Independent Examiner. Mr M Sykes, and the bankers. National Westminster Bank. Signed on behalf of the trustees- PE Jones OBE Dated.. I. 2021 Page I
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE EhlERSON FOUNDATION I report to the charity's Trustees on the accounts of rhe cownpany for the year wded 5 April 2021, which are set out on pages I to 6. This report is made solely to the charitys tnstee5, as a in accordance with Regulation 31 of the Charities IAccounts and Res)ortsl Regulations 2008. My work ha5 been undertaken $0 that I might State to the charity's trustees those matters l am required to state to them in an independent examinerfs report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charitys trustees as a boty, for my work. for this rew)rt. or for the statement I have made. Respon51bllltles and basls for report A5 the charity's trustees of the Company {and also its dlrectors for the Purposes of company lawl you are responsible for the preparation of the accwnts in accordance with the iequirements of the Companies Act 261'the 2006 Act. l. Having satisfied myself that the accounts of the Company are not required to be auth.ted under Part 16 of the 2006 Act and are eligible for Indepdent examination. I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 1.the 2011 Act'l. In Carng 4JJt my examination I have followed the Directions given by the Charity Commission under section 145151 Ibl of the 2011 Act. Independent examlner's statement I have completed my examination. I clf1m1 that no matters have come to my attention in Ccne70n with the examination giving me cause to bdieve: accounting records We not kept in respect of the Company as required by Section 386 of the 2006 Act. or the accounts do not accord with those records" or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Art other than any requirement that the account5 give a 'true and fair view which is rbot a matter considered as part of an independent examination" or the accounts have not been prepared in accordance with the methThYs and principles of the Statement of Recommended Practice for accounting and rwrting by charities [applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Rewblic of [land IFRS 1021]. I have no concerns and haye come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a prw understanding of the accounts to be reached. Mark Sykes Chartered Accountant, ICAEW Manchester, UK Date: 22 January 2022 Page 2
The EmerstM Foundation Statement of Flnancial A<tlviti fOrty arto5 ril 2021 2021 2020 Notes Income from-. Donations and legacies Investment income 55,871 li 40.850 34 Total Income 55.882 40,884 Expendltureon.. Charitable acttvities Other expenditure 55.038 980 33.75S 958 Total expendilure 56.018 34,713 Net Income and movement in funds 11361 6,171 Total brought forward 14,708 8,537 Total carrled fonyard 14.572 14,708 The funds are unrestricted. Thè notes on pages S - 6 form part of these attounts. Page 3
The Emerson Foundation Stat of financial ition 35 at 5 ri12021 Notes 2020 Current Assets Cash at bank 14,572 14.708 Net Assets 14,572 14,708 Represented by Unrestricteil income funds 14,572 14,708 14,572 14,708 The notes on pages 5- 6 form part of these accounts. PE Jones OBE l Trustees Ajones Page 4
The Emerson Foundation Notes to the Accounts for the Year to S ril 2021 l Accountln Pdlcles Basls of accountlng The accounts are prepared under the historic cost convention and in accordance with applicable 3cco%Anting standards. the Statement of Recommended Practice: Accounting and Reporting bv the Charitie5 Act 2011. Income All income is recognised on the ba5Tr5 of the amount received in each finanaal period. Eypenditure £xpenditure on charitable actiwtie5 are payments made to third parties in thè furtherance of the charitable objects of the charity and are accounted for as they fall due. Unrestrirted income funds Unrestrirted income funds comprise those funds whith the trustees are free to use for any purpose in the furtherance of the charitable objects. 2 Donat5ons and l ades 2021 2020 Donations received 55,871 40.850 3 Ex enditure on charitable artivities 2021 2020 Institulional donations Medical researth & social care Socsal welfare Animal welfare Art. drama, music & performing arts 3.121 48,347 470 3.ICKI 2,250 27.535 220 3.750 55,038 33.755 4 Cash at Bank 2021 2020 Bu5ine55 ReseNe account Cuirent account 14.571 14,707 14,572 14,708
Emerson Foundation Notes to the Acuntsf0r the Yearto S 5 Related Partles The Trustees are directors of Emerson Developments (Holdings) Limited. The Emerson Foundation is therefore related to Emerson Developments (Holdings) Limited by reason of common Influence. During the year, the Emerson Foundation received donations of £55,IY)012020.. E40.0001 from Emerson Developments IHoldingsl Mited and administrative service5 at a cost of £nil12020.. £nill. Emerson Developments (Holdings) rnited also incuried accountancy fees of £87112020= £8501 on behalf of the Emerson Foundation. Page 6
THE EMERSON FOUNDATION BDO LLP 3 Hardman Street Manchester M3 3AT Dear Sirs Flnandal Statements of The Emerson Foundation for the periljl entled 5 April 2021 We confirm that the following representations given to Y in connertKJn with your independent examlnaiion of the charity's financial statements (the -h"nancial statements-l for the year ended 5 Pri1 2021 are made ts) the best of our knowledge and belief, and after hawThg made appropriate enquiries of other trustees and officials of the charity. We have fulfilled reswnsibilities as trustees for the preparation and presentation of the financial 5laternent5 as set out in the terms of the engagerTnt letter. and in particular that ihe financlal staiements give a uue and fair tW of the finala1 sItIOn of the charity as tsf 5 Apn"12021 and of the results of its operations and cash flows for the year then ended in accordance with UK GerallY £cepted Accounting PriKipies IUK GAAPI and for maklng accurate representations to SDU. We aCkwLedge our responsibiliiies for deiemiining the appropriate level of external scrutiny and. haw made appropriate investigations and eThquiries are conteni thal an audil of the financial statements Is not re(wlred and that an indndent exarnination is approate. We have provided you with unrestricted ac$ w r$£¥ within the entity from wF¥)m yju deterrnined it ece5sary to obtain eviderKe. In additi(. all Ihe acc(yJnting records have been made available to you for the purpose of your independent examinalion and all the transactions undertaken by the charity have been properly reflected and recorded in the ac£ouniing fecords. Ail other records and related information, I{UdIng minutes of all mana8errEnt and thtee rreetings have made available to you. In relation to th0 laws and regulatTron5 which provtde legal frarne thin which our bu51ne55 IS ondLkCted and which are central to our ability to conduct our bJsine5s. we have disclosed to you all in5tance5 of possible rK)n-cornpliance of which we are awaTe and all actual or contingent consequences arising from such i[nceS of non.compliance. There have been no events since the balarKe sheel date which either require changes to te made to the fISu Included in the financial staiemenis to be disclosed by way of a rK)te. Shwld any material event5 of this type occur, we will ath.se you accordingly. We are responsible for adoptirff4 5wnd accn¢1ng Fdicies, desfgning. implemeniing and malntaining internal control, fo, arTh)ng other things, help assure the preparation ol the financial statements in conforrnity wieh generally accepied accounting Pr7r1p{es and preventing and detectlfi8 fraud and error. We have considered the risk that the flrhancial statenMts may te matrrially misstated due to fraud and have identified no si8nlflcant rfsks. To the best of our krn)wledge we are t aware of any fraud or xopecied fraud involving tNstees, management or employees. Additionally. we are not aware of any fraud or suspected fraud involving any other party that could rnaterially affect ihe fIrwaL staten*nts.
To the best of wr knowledge we are Th)l aware of any aliegatiorts of tra1 or suspected fraud affecting tke financial staterrents that have tonwnunicated by trtee5. employees. former employees, aaLYSt5, regulators or any other party. There were no loans. tran5artTon5 or arrangennts tetween the charity and its tru5lees and their conrsected perSS at any lime in the year which were required tts be disclosed. We have di5c105ed to you the identlty of all related parties a¢NJ all the relaLed party relationships aThJ transactions of which we are aware. We have approprialely accryjnted for and di5c105ed such relationships and transaction5 in aCcOrdae with aFviicable accounting standards and the Charflies Act 2011. We have no Flans or intentions that rnay materitilly affect the carryin8 value or tLassification of assets or liabilities refltell in the finarKial statements. To the 5t of our kn¢)wledge, Emerson DeveLoprrTr1s (Hoidingsl Limited intend5 to continue to provide funds tr> the charity in order to rnake donations and trEet anyc05ts that may be incurred in the course of operations. e ro this we consider that the chaniy is able to continue w 0rate as a going conrn and that It is appropriate to prepare the flnancial statennts c¥) a going concern baw. We confirni that no seriou5 incident repxts have been made to the Charity Commission duri the perksd or sfnce the end of the period. We conlirm that the charity 15 registered ¥vith the Office of the Scoitish Charlty Regulator IOSCRI. All grants, donation5 and other ir(crfne. the receipt of which is subjeci to 5CIfiC terrns or conthtlons. have been rK)tified to yw. There have LEen breaches of terffts or Co[1t7(S during the Feriod in the appticatioTh of such irKome. We conflm that the ab)ve representations are made on the basis of enquiries of managernent and staff with releyani knowledge and exFrience lat. where appropnaie. of inwtion of supporting documentationl sufficient to satfy ourselves that we can proFerty make e¥h of the atye representatlon5 to you. We confirm thai the tinarKsal stateTrts are free of material misstaternents. incl1 OMISOn5. We ackrK)wledge our legal resp¥)nsibilities regarding disclosure of infom)ation to as independenl examiner and confirni that so far as we are aware, ihere Is relevant infomiation needed by you in connecty'on wrh preparing your independeni examiner's report of vA)ich wJu are unaware. Each trustee has iaken all the steps that they ought w have iaken as a tr(L%tee Tn order to Make theff&elves aware of any relevant Information and to esiabilsh that yw are aware of that inforn)ation. Yours faithfully (Signed on tehalf of the trA)ard of inJstee51 Dale..