REGISTERED CHARITY NUMBER 1001255
The Mary Elizabeth Siebel Charily
Report of the Trustees and
Financial Statements for the year ended
31 October 2025

The Mary Elizabeth Slebel Charlty
Contents of the Financial Statements
for the Year Ended 31 October 2025
Page
Ito5
Report of the Trustees
Independent Examiners Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
Detailed Statement of Financial Activlties
gto14
15

The Mary Eliiabeth Slebel Charity
Report of the Trustee5
foi the Year Ended 31 October 2025
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 DETAIIS
Registered Charity Number 1001255
PRINCIPAL ADDRESS
3 Middlegate Newark Notts
TRUSTEES
The trustees who served during the year and at the date of this report
together with details of the trustees a(Ivi50rs are set out below
Mrs Sarah Watson
Collinghawn Notts
Miss Jean Moore
Newark Notts
Canon Elizabeth Rose
Southwell Notts
DrAlan Garrow
Harston Lincs
resigned
Dec-24
Mrs Frances Kelly
Mr Robert 8eall
Mrs Danusia Sawoscianik-murray
Drjane Selwyn
Independent Examiners
Ac￿SS Accountants Millgate Newark
Collingham Notts
Newark Nott5
Newark Notts
Sibthorpe Notts
appointed
Bankers
HSBC Market Place Newark NG24 IEQ
Solicitors
Tallents 3 Middlegate Newark NG24 IAQ
Clerk to the Trustees
Sarah Allen Solicitor 3 Middlegate Newark NG24 IAQ
Investment Advisers
Brewin Dolphin Olympic House Doddington Road Lincoln LN6 3SE
Page I

The Mary Ellzabeth Siebel Charity
Report of the Trustees
forthe Year Ended 31 October 2025
STRUCTURE GOVERNANCE AND MANAGEMENT
Governing Document
The Charity is constituted by the will of Mi55 Florence Siebel dated
l February 1979 and a Codicil dated 9 August 1979. Mi55 Siebel died on
18 May 1990 and probate was granted on 22 August 1990. In her will she
directed thet the charity be known as The Mary Elizabeth Siebel Charity
in memory of hef mother.
Recruitment and appointment of trustees.
The will directed that 6 Tru5tee5 be appointed. to include
representative5 of various organisation5. This was subsequenty varied
by a Charity Commission letter116.6.20001 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 policyi re5erve5 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 prior to
the Trustee meetin8s. The Trustees keep the Skill requirements of the
Board undei review arbd where a vacancy arises. look to recruit
successor with appropriate skills and knowledge.
Induction and training of new trustees
New trustees have an initial meeting Whe￿b¥ 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
recelve coples of the latest Trustee Report5 and Financial Statement5.
Risk Management
The Trustees have a duty to manage risk. Er15uring that appropriate
controls are in place to provide reasonable assurance against error
or fraud. The Trustees have exmined the major strategic business and
operational risk5 which the Charity faces and conflrm that systems are
in place to minimise those risks.
Page 2

The Mary Elizabeth Siebel Charltv
Report of the Trustees
for the Year Ended 31 O¢tober 2025
OBJEcfivES AND ACTIVITIES
Objectives and Activitie5 for the public benefit.
The objects of the Charity are to provide benefits financed from the
income ofthe 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 trustee5 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 15 able to support other institutions
provided funds made available to them are used in a manner
consistent with the objerts of the Mary Elizabeth Siebel Charity.
The trustees confirm they have referred to the guidance contained in
the Charity Commission's general Euidance on public benefit when
reviewing the Trust's aims and objectives and in planning future
activities and setting the grant making policy for the year.
Grant making
Grant application forms are available from the Charity offices shown on
page l of this report. Completed forms are to be sent to the Secretary to
the trustees at the offlces and the Assessor employed by the Charity
then arranges to vlsit the appli¢ant and reports to the Trustees. who
consider the grant Èpplication at the Trustees meetin& normally held
every two month5.
The Charity is also promoted through local area Doctor5, surgerie5.
Voluntary and Social Services as well a5 the local press. local radio
and the Charity's own website.
ACHIEVEMENTS AND PERFORMANCE
Charitable Activities
The Trustees consider that the performance of the Charity this year
has been satisfactory.
The Statement af Financial Activities indicates net incoming resources
on the Unrestricted Fund of £7,992.12023 net incoming - £14.466.1
There were net outgoing resources on the Permanent
Endowment Fund of £24,85312023 - £23,776.)
Before taking into account gains and losse5 on Investment Assets.
Page 3

The Mary Elizabeth Slebel Charlty
Report of the Trustees
for the Year Ended 31 Ortober 2025
ACHIEVEMENTS AND PERFORMANCE
Charitsble Activitles contlnued
Investment income from dividends was £108.73112023 - £110,157.)
Total grants payable in the year were £64,575 to Ind5vlduals and £nll
to Instit￿lonsI2023 £60,277 to Individuals and £nil io Institutions)
The Charity supported 41 grants to individuals12023 - 451
The balance of Unrestricted Funds at the year end was £25.215.
Fundralslng Actlvltles
The Charity does not actively fundr4i5e and 5eek5 to continue the
philanthropic work through the careful stewardship of its existing
as5etS.
Investment performance.
The Charity has appointed investrnent advisers to assist in
the management ofthe investment5.
The Charity is relaint on its income from Investrnents. The investment
income is broadly received from stock exchange investments and
securities, as well as bank interest . The Trustees have full and
unrestricted power5 of investment and intend that the real value of
their assets be maintained and enhanced over the longer term.
The policy of the Charity wntinyes to be the prudent management of
the Charity as5et5 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 markei portfolio oblective 15
for a balance between income and capital growth with a medium risk
preference. The portfollo looks generally sound and well balanced.
In the year to 31 October 2024, the time weighted return was 14.62%
Overall gains and losses on sale and revaluation of securities
amountirbg to a gain of £501,263.12023- loss £47.461.} was
added to the permanent endowment fund.
page 4

Thè Mary Elizabeth Siebel Charity
Report of the Trustees
for the Year Ended 31 Ortober 2025
FINANCIAL REVIEW
Reserves Policy
Permanent 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 was
£25,215 the Trustees seek to maintain a balance on this fund suffKient
to finance expenditure and grant payments where liming differences
arise between the ￿ceipt of major income funds and anticipated
expenditure The balance of the fund 15 also dependant on the
Magnitude of grant applications which vary from time to time.
t 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 expendlture. The average amout distributed to individua15 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
investments provides a firm basis for the future.
Approved by order of the Board of Trustees on
and signed on its behalf by
Trustee
page 5

independent examiners report
page 6
page 6

The Mary Ellzabeth Siebel Charity
Statement of Financial Activities
for the Year Ended 31 October 2025
3111012025 3111012024
Unrestricted Endowment
Funds
Fund
Notes
INCOMING RESOURCES
Income
Income from Investments
105.578
105,578
111,003
RESOURCES EXPENOED
Expenditure
Investment management costs
Charitable activities
Grants payable
support Costs
Governance costs
26.312
26,312
24.853
49,836
27,811
14,095
49,836
27,811
14,095
64.575
25,579
12,857
Resources expended
91,742
26,312
118,054
127.864
NET INCOMINGI(OUTGOING)
RESOURCES
13.836
-26,312
-12.476
-16,861
Other recognised gainsllosses
Gainsllosses on investments
Equalisation5
Net movement in funds
515,057
515,057
501,263
1.601
486,003
13.836
488,745
502,581
RECONCILIATION OF FUNDS
Total fund5 brought fonmard
25,215
4,056,606 4,081,821 3.595,818
TOTAL FUNDS CARRIED FORWARD
39,051
4,545,351 4,584,402 4.081,821
page 7

The Mary EIIz3beth Siebel Charity
Balance Sheet
At 31 October 2025
3111012025 3111012024
Notes
FIXED ASSETS
Investment5
4,526.224
3,997,637
4,526,224
3,997,637
CURRENT ASSETS
Debtors
Cash at Bank
466
73,007
73.473
780
106,166
106,946
io
CREDITORS
Amounts falling due within l year
li
-15.295
-22.762
NET CURRENT ASSETS
58,178
84,184
TOTAL ASSETS LESS CURRENT
LIABILITIES
4,584,402
4,081,821
NET ASSETS
4,584.402
4,081,821
FUNDS
Unrestricted Funds
Endowment Funds
13
39.051
4,545.351
25.215
4,056.606
TOTAL FUNDS
4,584,402
4,081,821
page 8

The Mary Ellzabeth Slebel Charily
Notes to the Flnènclal Statements
for the Year Ended 31 October 2025
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 Nott5.
The principal objective5 of the charity are to provide benefits financed
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 wlth the
Accountlng and Reportlng by Charities= 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 IFR51021 (effective l January 2015) - (Charities SORP
IFRS10211, the Financial Reporting Star)dard applicable in the UK and the
Republic of Ireland IFRS1021 and the Companies Act 2006.
Key judgement5 and estimations
The preparation of the financial statements requlres management to
make judgements, estimates and assumptions that affect the amounts
reported. These estimates and judgements are continually reviewed
aThl 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 rarew equal the
related actual outcome.
Incoming resources
All incoming resource5 are included in the Statement of Financial
Resources when the charity is leEally entitled to the income and the
amount can be quantified wwlh reasonable accuracy.
Voluntary income and donations are recorded as they are received.
Legacies are recorded when the charity is certain that it is entitled
to receive the legacy.
pa8e 9

The Mary Ellzabeth Slebel Charity
Note5 to the finantial Statements
for the Year Ended 31 October 2025
I ACCOUNTING POLICIES continued
Resources expended
Expenditure is accounted for on an accrual basis and has been classified
under heading5 that aggregate all cost related to the category. Where
COSt5 cannot be directly attributed to particular headings they have
been allocated to activities on a basis con515tent with the use of
resources.
Investment management costs comprise those costs attributable to
investment incorne which are charged to the unrestricted fund and
those that are considered to be attributable to tapitèl which are
charged to the Permanent Endowment Fund.
Charitable Activities support t05ts include the proportion of general
solicitors, fees considered to be applicable to Charitable Activities
and the a55e550r'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 assDciated with the investment management
and charitable activities and include the costs of compliance with the
Charity Act requirements and the proportbon of general 501icitors' fees
onsidered to be applicable to governante cost5. The allocation of
solicitors. fees is 60% to the general running of the Charity and 40%
to Governance costs.
Stockbrokers. fees are charged 100% to Pennanent Endowment Fund.
Taxation
The Charity is exempt from tax on rt5 tharitable 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 represent5 the original fund
Passed to the Charity by Mis5 Siebel's will in 1979. Income arising
passes to the Unrestricted fund, the Capital can be Changed from time
to time, but cannot be distributed.
Going concern - No material uncertanties exist.
Cash flow statement - Is not prepared as the exemption in SORP 102
permits.
page 10

The Mary Elizabeth 5iebel Charity
Notes to the Financial Statements
for the Year Ended 31 October 2025
3111012025 3111012024
2 INCOME FROM INVESTMENTS
Dividends and company interest received
Bank Interest
Donations
103.599
1.979
108.731
2.272
105,578
111,003
3 INVESTMENT MANAGEMENT COSTS
Portfolio management
26,312
26,312
24.853
24,853
4 TRUSTEES REMUNERATION AND BENEFITS
No trustees remuneration, nor benefit5 nor anv
expenses were paid to the trustees in either
the year ended 31 October 2023 nor 2022
5 STAFF COSTS
Wages and salaries
2.357
2.152
The average number of monthly employees
during the year wa5
6 KEY MANAGEIVIEKf PERSONNEL
No remuneration was paid to any Key
Management Personnel
7 RELATED PARTY TRANSAcfioNS
There were no related party transaction that
requlre dlsclosure.
page 11

The Mary Elizabeth Siebel Charity
Notes to the Flnancial Statements
for the Year Ended 31 October 2025
8 FIXED ASSET INVESTMENTS
LISTED STOCKS AND SHARES
MARKET VALUE
At l November 2024
Additions
Disposals
Revaluation5 and gains
At 31 October 2025
3,997,637
1.159,103
-1.145,573
515,057
4.526.224
NET BOOK VALUE
At 31 October 2025
At 31 October 2024
4,526,224
3,997,637
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. 12023 £3,174,494.)
Additions are recorded at cost, disposals are shown at market
value brought forward from the previous year, or cost if
purchased during the year.
page 12

The Mary Elizabeth Siebel Charity
Notes to the Financial Statements
for the Year Ended 31 October 2025
3111012025 3111012024
9 DEBTORS: AMOUNTS FALLING DUE WIYHIN ONE YEAR
Prepaid insurance
466
General
Permanent
Endowment
Total
Funds
Total
Funds
IQ CASH AT BANK
Brewin Dolphin Capital
Brewin Dolphin Dividend
HSBC Money Manager Account
HSBC Cuirent Account
26,069
26.069
7,839
410
38,689
73,007
65,911
9,190
403
30,662
106,166
7,839
410
38,689
46,938
26.069
11 CREDITORS . AMOUNTS FALLING DUE WITHIN ONE YEAR
Grants authorised but unpaid
Taxes and Nl
Other creditors
Independent examiners fees
Tallents admininstration fees
5,466
189
240
4,400
5,000
15,295
14.291
71
480
3,400
4,520
22,762
12 ANALYSIS OF NET ASS￿5 BETWEEN FUNDS
Unrestricted Endowment
Funds
Funds
Total
Fund5
Total
Fund5
Investments
Current assets
Current liabllities
4.526,224 4.526.224 3.997.637
26.069
73.473
106.946
-15,295
-22,762
4.552,293 4,584.402 4,081.821
47.404
-15.295
32,109
page 13

The Mary Elizabeth Siebel Charity
Notes to the Flnanclal Statements
forthe Year Ended 31 October 2025
13 MOVEMENT IN FUNDS
Net
movement
in funds
At 1.11.24
At 30.10.25
Unrestricted funds
General
Endowment funds
Permanent Endowment fund
TOTAL FUNDS
Net movement in funds. included in the
above are as follows:
25,215
13,836
39,051
4.056.606
4,081.821
488.745 4,545.351
502,581 4,584,402
Incoming Re50urce5
Gains
resouces expended and losses
Movement
in funds
Unrestricted fund5
General
Endowment funds
Permanent Endowment fund
-26,312
TOTAL FUNDS
105,578 -118,054
Comparatives for movement in funds
105.578
-91,742
13.836
515.057
515,057
Net
488.745
502.581
movement
in funds
At 1.11.23
At 30.10.24
Unrestricted fund5
General
Endowment funds
Permanent Endowment fund
3,578,595
TOTAL FUNDS
3,595,818
Comparative net movement In funds, included in the
above are as follows:
17.223
7.992
25.215
478,011 4,056,606
486,003 4,081,821
Incomlng Resources
Gains
resouces expended and k)sses
Movement
in funds
Unrestricted funds
General
Endowment funds
Permanent Endowment fund
TOTAL FUNDS
page 14
111.003 -103,011
7.992
-24,853
111,003 -127,864
502,864
502,864
478,011
486.003

The Mary Elizabeth Siebel Charity
Detalled Statement of Hnanclal Actlvltles
for the Year Ended 31 October 2025
3V1012025 3111012024
INCOMING RESOURCES
Dividend5 and Company interest received
Interest
t)onations
TOTAL INCOMING RESOURCES
RESOURCES EXPENDED
Investment management costs
Portfolio management
103.599
1.979
108.731
2.272
105,578
111.003
26,312
24,853
26.312
24,853
Charitable activities
Wages
Insurance
Stationery and 50ftware
Marketing and website
Sundries
Solicitors fees - Administration
Grants to insEttutions
Grants to individuals
2.357
1.386
324
3.024
1.076
19.644
2,152
1.043
432
3,648
478
17.826
49,836
77,647
64,575
90,154
Governance costs
Independent examlners fees
Sollcltors fee = Account5 and compliance
1.000
13.095
14,095
118,054
-12.476
972
11.885
12,857
127,864
.16,861
TOTAL RESOURCES EXPENDED
Net lexpenditurellincome before gains and losses
Realised and unrealised gains and11055e51 on
fixed asset investments
515,057
501,263
Net income / Ilossl for the year
502.581
484.402
Thi5 page does not form part of the statutory financial statements
page15