REGISTERED CHARITY NUMBER 1001255
The Mary Elizabeth Siebel Charity
Report of the Trustees and
Flnancial Statements for the year ended
31 October 2024

The Mary Elizabeth Siebel Charlty
Contents of the Financial Statements
for the Year Ended 31 Ortober 2024
Page
Ito5
Report of the Trustees
Independent Examiners Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
Detsiled Statement of Financial ActNlties
9t014
15

The Mary Ellzabeth Siebel Charity
Report of the Trustees
for the Year Ended 31 October 2024
The Trustees present their report and Financial Statements for the year ended
31 October 2024. The Financial Statements have been prepared in accordane
with the accounting policies set out on pages 9 and 10 and comply with the
Charity's scheme and applicable law.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity Number l(X)1255
PRINCIPAL ADDRESS
3 Middlegate Newark Notts
TRusfEES
The trustees who served during the year and at the date of this report
together with details of the trustees advisors are set out below
Mrs Sarah Watson
Miss Jean Moore
Canon Elizabeth Rose
DrAlan Garrow
Mrs Frances Kelty
Mr Robert Beall
Mrs Danusia Sawoscianik-murray
Drjane Selwyn
Collingham Nott5
Newark Notts
Southwell Notts
Harston Lincs
Collingham Notts
Newark Notts
Newark Notts
Sibthorpe Notts
resigned
appointed
Independent Examiners
Access Accountsnts Millgate Newark
Bankers
HSBC Market pla￿ Newark NG24 IEQ
Solicitors
Tallents 3 Middlegate Newark NG24 IAQ
Clerk to the Trustees
Sarah Allen Sollcitor 3 Middlegate Newark NG24 IAQ
Investment Advisers
Brewin Dolphin Olympic House Doddington Road Lincoln LN6 35E

The Mary Elliabeth Siebel alarity
Report of the Trustees
for the Year Ended 31 Ortober 2024
srRUCTURE GOVERNANCE AND MANAGEMENT
Governing Document
The Charlty Is constituted by the will of Miss Florence Siebel dated
l February 1979 and a Codicil dated 9 August 1979. Miss Siebel died on
18 May 1990 and probate wasgranted on 22 August 1990. In her will she
directed thet the charity be known as The Mary Elizabeth Siebel Charity
in memory of her mother.
Recruitment and appointment of trustees.
The will directed that 6 Trustees be appointed, to include
representatives of various organisations. This was subsequenty varied
by a Charity Commlssion letter {16.6.2(KX)) to allow the Trustees to make
appointments to fill vacancies. Once appointed Trustes remain in office
until resignation or disqualification. Meeting are held every 2 months at
which the trustees agree the broad strategy and areas of activity for the
Charity to include grant making, investment policy, reserves and risk.
The day to day administration of the Charity is dealt with by the Clerk,
together with her team who process and handle applications priorto
the Trustee meetings. The Trustees keep the skill requirernents of the
Board under review and where a vacancy arises, look to recruit a
successor with appropriate skills and knowledge.
Induction and training of new trustees
New trustees have an initial meeting whereby the history, constitution
and aims of the Charity are explained. They are then invited to observe
at a Trustee meeting, before being formally appointed. They also
receive copies of the latest Trustee Reports and Financial Statements.
Risk Management
The Trustees have a duty to manage risk. Ensuring that appropriate
controls are in place to provide reasonable assurance against error
or fraud. The Trustees have exmined the major strategic business and
operational risks which the Charity fa￿5 and confirm that Systems are
in place to minimise those risks.
Page 2

The Mary Elizabeth Siebel Charity
Report of the Trustees
for the Year Ended 31 Ortober 2024
OBJECTIVES AND ACTIVITIES
Objectives and Activities for the public benefit.
The object5 of the Charity are to provide benefits financed from the
income of the permanent endowment for people over 60 years of a8e
who are ill and in need of support to adequatsly look after themselves
and who reside within a 12 mile radius of Newark Town Hall.
The trustees are particularly keen to support those who wish to
continue to live in their own home, but not to the exclusion of
others who are in need. The charity is able to support other institutions
provided funds made available to them are used In a manner
consistent with the objects of the Mary Elizabeth Siebel Charity.
The trustee5 confirm they have referred to the guidance contained in
the Charity Commission's general guidance on public benefit when
reviewing the Trust's aims and objectives and in planning future
activities and setting the grant making policy foi the year.
Grant making
Grant application forms are available from the Charity offices shown on
page l of this report. Completed form5 are to be sent to the Secretary to
the trustees at the offices and the Assessor employed by the Charity
then arranges to visit the applicant and reports to the Trustees. who
consider the grant application at the Trustees meetin& normally held
every two months.
The Charity is also promoted through local area Doctor5, surgeries,
Voluntary and Social Services as well as the local press. local radio
and the Charitvs own website.
ACHIEVEMENTS AND PERFORMANCE
Charitable Activities
The Trustees consider that the performance of the Charity this year
has been satisfactory.
The Statement of Financial Activities indicates net incoming resources
on the Unrestricted Fund of £7,992. {2023 net incoming - £14,466.)
The￿ were net outgoing resouices on the Permanent
Endowment Fund of £24.853 (2023 - £23.776.)
Before taking into account gains and losses on Investment Assets.
Page 3

The Mary Elizabeth Siebel Charity
Report of the Trustees
for the Year Ended 31 October 2024
ACHIEVEMENTS AND PERFORMANCE
Charltable Actlvltles contlnued
Investment income from dividends was £108.731 (2023 - £110,157.)
Total grants payable in the year were £64,575 to individuals and £nil
to Institutions (2023- £60.277 to individuals and £nil to Institutions)
The Charity SUPPOrted 41 grants to individua15 (2023- 45)
The balance of Unrestricted Funds at the year end was £25.215.
Fundralslng Activities
The Charity does not actively fundraise and seeks to contlnue the
philanthropic work through the careful stewardship of its existing
assets.
Investment perfomiance.
The Charity has appointed investment advisers to assist in
the management of the investments.
The Charity is relaint on its income from Investments. The investment
income 15 broadly received from stock exchange investments and
securities, as well as bank interest . The Trustees have fijll and
unrestricted powers of investment and intend that the real value of
their assets be maintained and enhanod over the longer term.
The policy of the Charity continues to be the prudent management of
the Charity assets to provide funds to finance the Charity objects.
the Trustees have appointed qualified professional advisors as detailed
on page I to manage the investments.
The security investments are managed by RBC Brewin Dolphin on a
discretionary management basis. The Trustees do not wish to invest
directly in tobacco or armaments or companies that are guilty of
exploitation of child labour. The portfolio consists of equities, property
investments and bonds. The current stock market portfolio objective is
for a balance between income and capital growth with a Tnedium risk
preference. The portfolio looks generally sound and well balanced.
In the year to 31 October 2024, the time weighted return was 14.62%
Overall gains and lo￿5 on sale and revaluation of securitie5
amounting to a gain 0*£501.263. {2023 - Ios5 £47.461.) was
added to the permanent endowment fund.
page 4

The Mary Ellzabeth Slebel Charfty
Report of the Trustees
for the Year Ended 31 October 2024
FINANCIAL REVIEW
Reserves Policy
Pennanent endowment
The sum of £4.056.606 is held in Permanent Endowment for the provision
of income for the Charity. Investments representing the fund may be
changed from time to time, but cannot be distributed to the
beneficiaries.
Unrestricted fund
The balance of the Unrestricted Fund account at 31 October 2024 wa5
£25.215 the Trustees seek to maintain a balance on this fund sufficient
to finance expenditure and grant payments where timing differences
arise between the receipt of major income funds and anticipated
expenditure The balance of the fund is a150 dependant on the
magnitude of grant applications which vary from time to time.
It is not uncommon for the Trustees to sanction individual large
grants. The average value of grants awarded in the year to
31 October 2024 was £1,575.
The Trustees meet bi-monthly and consider it prudent to hold the
equivalent of two payment cycles in reserve to cover trends in income
and expenditure. The average amout distiibuted to individuals at each
meeting in the year to 31 October 2024 was £10,762.
These funds held in reserve are sufficient to permit the Charity to
continue in operation and the nature and the management of its
investment5 provides a firni basis for the future.
Approved by order of the Board of Trustees on
arid signed on its behalf by
Canon Elizabeth Rose
Trustee
page 5

independent examiners report
page 6
page 6

The Mary Ellzabeth Siebel Charity
Statement of Flnanclal Activities
for the Year Ended 31 October 2024
3111012024 3111012023
Unrestricted Endowment
Funds
Fund
Notes
INCOMING RESOURCES
Income
Income from investments
111.003
111,003
110,759
RESOURCES EXPENDED
Expenditure
Investment management costs
Charitable actNities
Grants payable
Support costs
Governance costs
24,853
24,853
23,776
64.575
25,579
12.857
64,575
25,579
12.857
60,277
24,569
11,447
Resources expended
103,011
24.853
127,864
120,069
NEf INCOMING/(OUTGOING}
RESOURCES
7.992
-24.853
-16,861
-9.310
Other recognised gains/losses
Gains/losses on investments
Equalisations
Net movement in funds
501,263
1,601
478,011
501,263
1,601
486,003
-47,461
583
-56,188
7,992
RECONCILIATION OF FUNDS
Total funds brought forward
17,223
3,578,595 3,595,818 3,652,006
TOTAL FUNDSCARRIED FORWARD
25,215
4.056,606 4,081.821 3,595,818
page 7

The Mary Elizabeth 51ebel Charlty
Balance Sheet
At 31 October 2024
3111012024 31110/2023
Notes
FIXED ASSETS
Investments
3,997,637
3,487,707
3,997.637
3,487.707
CURRENT ASSETS
Debtors
Cash at Bank
780
106,166
106,946
735
128,402
129,137
10
CREDITORS
Amounts falling due within l year
11
-22.762
-21,026
NET CURRENT ASSETS
84.184
108,111
TOTAL ASSETS LESS CURRENT
UABILITIES
4.081.821
3.595.818
NEf ASSETS
4,081.821
3,595,818
FUNDS
Unrestricted Funds
Endowment Funds
13
25.215
4,056,606
17.223
3,578.595
TOTAL FUNDS
4,081.821
3,595,818
page 8

The Mary Ellzabeth Siebel Charlty
Notes to the Flnanclal Statements
for the Year Ended 31 October 2024
I ACCOUNTING POLICIES
General information
As set out in the Trustees report. The Mary Elizabeth Siebel Charity
is an unincorporated charity registered in England & Wales. The
registered office of the Charity is 3 Middlegate Newark Notts.
The principal objectives of the charity are to provide benefits finan￿d
from the income of the permanent endowment for people over 60
years of age, who are ill and in need of support to adequately look
after themselves and who reside within a 12 mile radius of
Newark Town Hall.
The board of Trustees is aware of the need for the charity to provide
public benefit and has paid due regard to the general guidance
published by the Charity Commission relating to public benefit.
Accounting convention
The financial statements have been prepared in accordance with the
Accounting and Reporting by Chartties- Statement of Recommended
Practice applicable to charities preparing their account5 in accourdance
with the Financial Reporting Standard applicable in the UK and the
Republic of Ireland {FRS102) (effective l January 2015}- {Charities SORP
(FRS102)}, the Financial Reporting Standard applicable in the UK and the
Republic of Ireland (FRS102) and the Companies Act 2￿]6.
Key judgements and estimations
The preparation of the financial statements requires management to
make judgements. estimates and assumptions that affect the amounts
reported. These estimates and judgements are continually reviewed
and are based on experience and other factors, including expectations
of future events that are believed to be reasonable nder the
circumstances. Accounting estimates and assumptions are made
concerning the future. and by their nature. will rarely equal the
related actual outcome.
Incoming resources
All incoming resources are induded in the Statement of Financial
Resources when the charity is legally entitled to the income and the
amount can be quantified with reasonable accuracy.
Voluntary income and donation5 are recorded as they are received.
Legacies are recorded when the charity is certain that it is entitled
to ￿ceIve the legacy.
page 9

The Mary Elizabeth Siebel Charity
Notes to the Flnanclal Statements
for the Year Ended 31 October 2024
I ACCOUNTING POLICIES continued
Resources expended
Expenditure is accounted for on an accrual basis and has been classified
under headings that aggregate all cost related to the category. Where
costs cannot be directly attributed to particular headings they have
been allocated to activitles on a basls consistent with the use of
resources.
Investment management costs comprise those costs attributable to
investment income which are charged to the unrestricted fund and
those that are considered to be attributable to capital which are
charged to the Pemianent Endowment Fund.
Charitable Activities support costs include the proportion of general
solicitors, fees considered to be applicable to Charitable Activities
and the a55essor's salary and expenses. general insurance, postage,
Stationery other marketing costs.
Governance costs relate to the general running of the Charity as
opposed to those costs associated with the investment management
and charitable activities and include the costs of compliance with the
Chartty Act requirements and the proportion of general solicitors, fees
considered to be applicable to governance costs. The allocation of
solicitor5' fees is 60% to the general running of the Charity and 40%
to Govemance costs.
Stockbrokers. fees are charged 100% to Permanent Endowment Fund.
Taxation
The Charity is exempt from tsx on its charitable activities
Fund accounting
Unrestricted fund- this is a general fund and is free for use in
accordance with the charitable objects.
Permanent Endowment Fund - this represents the original fund
passed to the Charity by Miss Siebel's will in 1979. Income arising
passes to the Unrestricted fund, the Capitsl can be changed from time
to time, but cannot be distributed.
Goins concern- No materlal uncertanties exist.
Cash flow statement- Is not prepared as the exemption in SORP 102
permits.
page 10

The Mary Eliiabeth Siebel Charity
Notes to the Flnanclal Statements
for the Year Ended 31 October 2024
3111012024 3111012023
2 INCOME FROM INVESTMENTS
DNidends and company interest re￿iVed
Bank Interest
Donations
108,731
2,272
110,157
602
111,003
110,759
3 INVESTMENT MANAGEMENT COSTS
Portfolio management
24,853
24.853
23,776
23,776
4 TRUSTEES REMUNERATION AND BENEFITS
No trustees remuneration. nor benefits nor any
expenses were paid to the trustees in either
the year ended 31 October 2023 nor 2022
5 STAFF COSTS
Wages and salaries
2,152
1.831
The average number of monthly employees
during the year was
6 KEY MANAGEMENT PERSONNEL
No remuneration was paid to any Key
Management Personnel
7 RELATED PARTY TRANSACtIONS
There We￿ no related party transaction that
require disclosure.
page 11

The Mary Elizabeth 51ebel Charity
Notes to the Flnancial Statements
for the Year Ended 31 October 2024
8 FIXED ASSET INVESTMENTS
LISTED STOCKS AND SHARES
MARKET VALUE
At l November 2023
Additions
Disposals
Revaluatlons and gains
At 31 October 2024
3,487,707
1,130,174
-1,121,507
501,263
3.997,637
NET BOOK VALUE
At 31 October 2024
At 31 October 2023
3,997,637
3,487,707
There were no investment assets held outside the UK
The historic cost of the Fixed Asset Investments at
31 October 2024 was £3,359,942. (2023 £3,174,494.)
Additions are recorded at cost, disposals are Shown at market
value brought forward from the previous year, or cost rf
purchased during the year.
page 12

The Mary Elizabeth Siebel Charity
Notes to the Financlal Statements
for the Year Ended 31 October 2024
31110/2024 3111012023
9 DEBTORS: AMOUNTS FALLING DUE WIYHIN ONE YEAR
Prepaid insurance
780
735
General
Permanent
Endowment
Total
Funds
Total
Funds
10 CASH AT BANK
Brewin Dolphin Capital
Brewin Dolphin Dividend
HSBC Money Manager Account
HSBC Current Account
65,911
65.911
9.190
403
30,662
106,166
97,830
10.155
395
20,022
128,402
9,190
403
30.662
40.255
65.911
11 CREDITORS . AMOUNTS FALUNG DUE WITHIN ONE YEAR
Grants authorised but unpaid
Taxes and Nl
other creditors
Independent examiners fees
Tallents admininstration fees
14,291
71
480
3,400
4,520
22,762
13,558
68
3,400
4,000
21,026
12 ANALYSIS OF NET ASSETS BEfwEEN FUNDS
Unrestricted Endowment
Funds
Funds
Total
Funds
Total
Funds
Investments
Current assets
Current liabilities
3.997.637 3,997,637 3,487,707
65,911
106,946
129,137
-22,762
-21,026
4,063,548 4,081,821 3.595,818
41.035
-22.762
18.273
page 13

The Mary Elizabeth Siebel Charity
Notes to the Financial Statements
for the Year Ended 31 October 2024
13 MOVEMENT IN FUNDS
Net
movement
in funds At 30.10.23
At 1.11.23
Unrestricted funds
General
Endowment funds
Permanent Endowment fund
TOTAL FUNDS
Net movement in funds. included in the
above are as follows..
17,223
7,992
25,215
3,578,595
3,595,818
478,011 4,056,606
486,IYJ3 4,081,821
Incoming Resources
Gains
resouces expended and losses
Movement
in funds
Unrestricted funds
General
Endowment funds
Pemianent Endowment fund
-24.853
TOTAL FUNDS
111.tK)3 -127.864
Comparatives for movement in funds
111.003 -103.011
7.992
502.864
502.864
Net
478,011
486,003
movement
in funds
At 1.11.23
At 30.10.23
Unrestricted funds
General
Endowment funds
Permanent Endowment fund
4.487,872
TOTAL FUNDS
4,530,759
Comparative net movement in funds. included in the
above are as follows:
42,887
-40.130
2.757
-838,623 3,649,249
-878.753 3,652,006
Incoming Resources
Gains
resouces expended and losses
Movement
in funds
Unrestricted funds
General
Endowment funds
Permanent Endowment fund
TOTAL FUNDS
page 14
81.343 -116,962
-35,619
-25,763
81,343 -142.725
825,622
825,622
799,859
764,240

The Mary Ellzabeth Siebel Charity
Detailed Statement of Financial Artivities
for the Year Ended 31 October 2024
3111012024 3111012023
INCOMING RESOURCES
Dividends and Company interest received
Interest
Donations
TOTAL INCOMING RESOURCES
RESOURCES EXPENDED
Investment management costs
Portfolio management
108.731
2,272
110,157
602
111.003
110,759
24,853
23,776
24.853
23,776
Charitable activities
Wages
Insurance
stationery and software
Marketing and website
Sundries
Solicttors fees . Administration
Grdnt5 to institutions
Grants to individuals
2,152
1.043
432
3.648
478
1,831
1,697
2,339
2,928
402
15.372
17.826
64,575
90.154
60,277
84,846
Governance costs
Independent examiners fees
Solicitors fee . Accounts and compliance
972
11,885
12,857
127,864
-16,861
1,200
10,247
11.447
120.069
-9,310
TOTAL RESOURCES EXPENDED
Net (expenditure)/income before gains and losses
Realised and unrealised gains and (losses) on
fixed asset inve5trnents
501,263
-47,461
Net income / (loss) for the year
484,402
-56.771
This page does not form part of the statutory financial statements
pa8e15