The Colegrave Seabrook Foundation
Report and Financial Statements
Year Ended 31 December 2023
Charity Registration Number 1017289

The Colegrave Seabrook Foundation
Reference and administrative Information
Trustees
J Colegrave
{Chair of Trustees)
A Ball
A Dunnett
NGOW
T Kerlev
S Lowen
N Wait
R Seabrook
N Stein
N Higginson
Principal Office
44 Holland Street, London, W8 4LX
Bankers
Barclays Bank plc, Leicester, Leicestershire LE87 2BB
Metro Bank plc. I Southampton Row. London, WCIB SHA
Investment Managers
Cazenove Capital, Schroder & Co Limtted. l London Wall Place, London EC2Y SAU

The Colegrave Seabrook Foundation
Report of the trustees for the year ended 31 December 2023.
The trustees present their annual report and financial statements of the charity for the year ended 31" December
2023 and confirm that they comply with the charit¢s trust deed and the Charities Act 2011.
The accounts have been prepared in accordance with accounting policies set out in Note 2 to the accounts. The
Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice
applica ble to charities preparing their accounts in accordance with the Financial Reporting Standard appl icable in the
UK and Republic of Ireland IFRS 102).
Structure, Governance. and Management
The Foundation is a charity registered with the Charity Commission, number 1017289, and is constituted under a trust
deed dated 14 January 1993, as amended by deeds dated l July 2￿2 and 10 November 2020. The Foundation was
established in 1993 in recognition of David Colegrave. a prominent horticulturalist who throughout his life had taken
a keen interest in supporting and promoting the development of young people.
The trustees meet twice a year to agree strategy and areas of activity for the Foundation, including the awarding of
scholarships and bursaries, investment review, risk management and performance.
Objectives and Activities
The purpose of the Foundation is to support the development of the ornamental horticultural industry in the United
Kingdom by financing and supporting scholarships and bursaries for students interested in pursuing a career in this
field.
The Foundation further5 Its charitable purposes for the public benefit through its scholarship granting policy which
aims at=
financing scholarships to individuals studying or teaching horticulture in the UK,. and
providing bursaries for international nursery work placements and horticuFtural study tours.
Public Benefit
The Trustees confirm that they have complied with the duty in section 17151 of the 2011 Charities Art to have due
regard to guidance issued by the Charity Commission on public benefit when deciding on the chariws activtties.
Achievement and Performance
A year of consolidation. building on a number of the initiatives implemented previously ha5 seen good performance
towards our objectives.
Financial support was made available to 17 student5 during 2023. with further support through our connections and
initiatives. One of our more significant achievements was the inaugural Development Day for recipients of the Smart
Garden Student Scholarships, Whe￿ in addition to the financial support of the 5 scholarship winners, along with 2
further students we organised a 2 day tour of a variety of leading horticu Itural businesses in the east of Engla nd. This
was a tremendous succes5, enjoyed by all involved and gained significant interest. Another was our Industry Reception
held at the National Plant Show where approaching 60 students and influential members of the industry benefited
from 'meet and mingle, time.
Launching our series of podcasts, "Cultivate Your Future" sees us working towards promoting the opportunities of
horticulture as a professional career. Raising this profile supports the specialist education sector and ultimately
supporting the future of the horticultural industry. This is an ongoing project with further series being recorded.
Raising the profile of the charitable work of the Foundation within the industry, building links with key ind ividuals and
organisations while also raising awareness of career opportunities amongst the wider population remains our focus.

The Colegrave Seabrook Foundation
Financial Review
The financial statements show income forthe year of £39.78712022 - £51,628), consisting of £30,137 (2022 - £42,102}
of donations, £9,58812022 £9,526} of investment income and £6112022
nil) of bank interest. Scholarships and
bursaries of £28,90012022 - £20,000) were awarded during the year. After accounting for administrative expenses
and investment management costs of £12.71212022 £17,563). the Foundation reported a deficit of income over
expenditure of £1.82512022 surplus of £14,066). There were realised gains on investments of £102 and unreali5ed
gains on the investments of £2,965 (2022 - losses of E25.358). The Trustees consider the financial state of affairs to
be satisfactory.
Investment Policy and Performance
Investment activities are managed in line with the requirements of the Trustee Act 2000.
Our investment advisors Ischroder & Co Limited) are instructed to maximise total returns with the constraints of a
medium to low-risk investment portfolio.
Reserves Policy
The charity's normal policy is to generate and maintain adequate fund5 and reserves for the efficient running of the
charity on a day-to-day basis.
Risk Management
The Trustees have considered the major risk5 to which the charity is exposed and have reviewed those risks and
established systems and procedures to manage those risks.
Scholarship and Bursary Making Policy
The Foundation has established its scholarship making policy to achieve its objects for the public benefit to support
the developrnent of the ornamental horticultural industry by financing students pursuing a career in this field.
The trustees invite applications for scholarships and 8rant5 to all students completing horticulture related courses in
the UK and Irelafid. Student5 must be attending college. university. or similar educational establishment on a full or
part time basis with a view to seeking permanent full-time employment in commercial or production ornamental
horticulture.
Trustee5' responsibilities in relation to the financial statements
The trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards. The law applicable to charities in England and Wales
requires the trustees to prepare fiv)ancial statement5 for each financial year which give a true and fair view of the state
of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In
preparing these financial statements, the trnstees are required to:
Select suitable accounting policies and then apply them consistently.
Observe the methods and principles of the Charities SORP.
Make judgements and estimates that are reasonable and prudent.
State whether applicable accounting standards have been followed, subject to any 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
charity will continue in business.

The Colegrave Seabrook Foundation
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy the f inancial
Position of the charity a nd enable them to ascertain to ensure that the financial statements comply with the Cha rities
Act 1993, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also
responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and
detection of fraLAd and other irregularities. The trustees are responsible for the maintenance and integrity of the
charity and fina ncial information included on the charity's website.
Approved by the Trustees on 22. February 2024 and signed on their behalf bv:
R Seabrook

Independent Examinerfs Report
To the Trustees of
The Colegrave Seabrook Foundation
I report on the accounts of the charity for the year ended 31" December 2023. which are set out on pages 7 to 9.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 20111'the Act'l.
I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in
carrying out my examination I have followed all the applicable Directions given by the Charity Commission under
section 14515llbl of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with
the examination giving me cause to believe that in any material respect:
l. accounting record5 were not kept in respect of the Trust as required by section 130 of the Act- or
2. the accounts do not accord with those records- or
3. the accounts do not comply with the applicable requirements Con￿rning the form and content of accounts set out
in the Charities (Account5 and Reports) Regulations 2008 other than any requirement that the accounts give a true
and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention
should be drawn in thi5 report in order to enable a proper understanding of the accounts to be reached.
Ginette Getting FCA FFA
PSG Bowden5 LLP
100 High Street
Evesham, Worcestershire WRII 4EU
Dated:
21 312DZ£fr

The Colegrave Seabrook Foundation
Statement of Financial Activities
For the Year Ended 31 December 2023
2023
2022
Total unrestricted
funds
Total unrestricted
funds
INCOME
Donations and legacies
Investments
30,137
9,588
61
42,102
9,526
Interest
Total
39,787
51,628
EXPENDITURE
Investment management costs
Charitable activities
Administrative expenses
Total
655
28,900
12,057
41.612
699
20,000
16,864
37,563
Net incomel(expenditure)
(1,8251
14,066
Net gains1{losses) on investment assets
Listed investments
Realised
Unrealised
102
2,965
125,3581
Net movement in fund5
1,242
111.2921
Total funds brought forward
249,942
261,234
Total funds carried forward
251,184
249,942

The Colegrave Seabrook Foundation
Balance Sheet
As at 31 December 2023
2023
2022
Total unrestricted
funds
Total unrestricted
funds
Fixed assets
Investments
Current a5setS
Cash at bank and in hand
220,455
217,876
31,149
32,486
Creditors. amounts falling due within one year
420
420
NET ASSETS
251,184
249,942
Unrestricted funds;
Income fund
251,184
251.184
249,942
249,942
TOTAL FUNDS

The Colegrave Seabrook Foundation
Note5 to the Accounts
Basis of Preparation
The Colegrave Seabrook Foundation meets the definition of a public benefit entity under FRS 102.
The accounts 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 IFRS 1021 and the Charitie5 Act 2011.
The financial statements are prepared on a going concern basis under the historical cost convention except for
listed investments which are measured at fair value, unle55 Otherwise stated in the relevant accounting policy
note. The financial statements are presented in sterling. which is the functional currency of the charity rounded
to the nearest pound.
Accounting Policies
All income is credited to funds of the Trust in the year in which it is receivable.
All expenditure is recogni5ed as soon as there is a legal or constructive obligation committing the charity to pay
out resources and are directly attributed to one of the functional categories of resources expended.
The Trust is not registered for value added tax. and so all such tax paid is charged to the statement of financial
activities, as part of the expenditure to which it relates.
Unrestrirted funds comprise accumulated surpluseson the general fundsand are available to use at the discretion
of the Trustees in furtherance of the general charrtable objectives.
Listed investments are stated at market value. increase/ldecrease} on revaluations are transferred tollfroml the
Statement of Financial Activities.
Tru5tees' remuneration, benefits and expenses
No trustees received any remuneration or other benefits or expenses for the year ended 31 December 2023.
Control
The charity is under control of its trustees.
Listed Investments
Book
Market
Value @
Value @
31st
3tst
December December Additions Disp05als
2022
2022
Cost Proceed5
Book
Market
Value @
Value @
31st
31st
Profit/ December Decernber
{Loss)
2023
2023
102
Charity Multi-Asset Fund
194,401
217,861
{i.0001
193,503
219,928
194AOI
21?￿61
(1,0001
102
193,503
219,928
Porttolio cash
15
15
526
526
194.416
211￿76
194.029
220.454