REGISTERED CHARrfY IYUMBER: 1120926
Report of the Trnrtets and
FIDaD¢1￿ St*tsm¢mts
for th¢ Year Ended S Aprll 2026
Sede￿c0l1l￿p FtsundAIIoD
Builimorts LLP
Chartcred Accountants
& R¢gis¢¢red Auditr
Old Printm Y8rd
156 South Stre
SuTrey
RH42HF

Sed¢￿COl￿nIS FO￿￿dItiOn
Comtents of th¢ FIDADdal Stattmellts
for th¢ Year Ended S Aprf 2026
R¢wrt of the Trn•tee8
I to 3
Report of the Ind¢p¢nd¢llt Audlton
St*ttment of FI￿￿¢%11 Acdvltl
BAI•DU Shert
Nots• to the FlnAndalStat¢m¢mts
9 to 16
Det￿led StAtsmtnt of FlTh*Del•l A¢¢fvStle•
17

Sede￿C01llngS Fourtd4tlo
Report of the Trustees
for the YeAr Ended 5 April 2026
The Trustees prcserti their annual r¢[￿ togekn with the audited financial ststements ofthe eharity fty the 6th April 2025 to
5th April 2026.
The Ttrustees work to ensurc the nam¢s and le8acy of thc origina] Tn￿¢¢¢5 and Donors - Rae Sedel and Jd)n Collings
aTC TcIneMber￿. They have chosen its work in Colla￿TatIOn with Cofflrnunity Found•i4)ns bgsed in Jrtsey. Cornwall,
Dcvon and Surrey to ensuT¢ th¢ir actions honout Ra¢ and John's lesacy. Working in partnership with Community
Foundations Tnaximises the impact of the donations.
Support in line with the wi5hcs of Rae S&lel and John Coilings h&8 on women's ern￿WermI￿i and mentsl health
iwes, including donations to Violence Against Women and Girls IVA WGI Funds and Dress for Success.
Thc Trnstrts have also authotised malched fifftding to Support Care Leavets and Care experienced young people through the
Community Foundations. We hav¢ worked clos¢ly, both with Community Fowidations and individual charities to wpp(*t
the mental health of both m¢)4 womert #nd Children to r¢duc¢ loneline54 i￿lation and uliimat¢ly reduce lives lost through
5uicid&
The Tn&¢es have taken a keen interest in wppcrting the staff thd volunteers that enable Charities to SUppr￿t thu¢ causes
through their SUp￿rting the Support¢rs Fwids.. This fi￿d enablcs a]aTities 10 inv¢st in their workers and volunteers
through training And wellbeing activities. The Tnjstees have commissiorted a report inio this fund and hope io share the
rindings and idcnlified benefits.
The Tn]s1¢¢5 cngage with ￿me .gm811er individual ¢hariti¢s but it is important that these mu# thare th¢ same vision5 and
shes of the Trustees &8 well as being within the geographica] arn which the Foundation currently 5UPPOrt$. The Truste&
take an athive rol¢ in vi8itin& gupporting And promotin8 those chariliesthty have ¢hosen to support.
OBJECTIVES AND ACTIVITIES
Pollrlu And ObJectlv
The chariry 18 Q4tablished for the pwpose of the adv4neemettt of trlucation and religion and relief of the persons in nttd,
hardship or distress pnd oth¢r charitabl¢ putpose includLTh8 {without limitation to the foTegoin8) the of gr￿18 And
5ubscription5 to oiher ¢h8Jiiable bodie5 {the"obje¢ts"l.
The Tn]sttts hold the income of the End0wm￿t 10 pay and wpply th¢ same in pronkmion of the objttt$ in Such
mwmer u the Truste&8 from time io time think fit and in particular the TNst¢eS 8hall have power to pay the said income to
the Tn￿te$ of Sed¢] - Collings Foundation for ils genernl purp05c& provided always thot th¢ TnL51¢￿ shall be entitl￿ to
dirttt that all or part of the payment 5h811 be applied for any one or more spcciflcd purpose.
Nohvithstandin8 the fortgoing ts7￿1 income, the Tr￿8tee$ may at 8my tim¢ at their di8eretiott pay (t apply the whole ￿ any
part of th¢ capital of the Endowment Fund in promotion of the objects in such a manner as they think fit.
ACHIEVKMENTS AIYD PERFORMANCE
Revlew of *cllvld
Durirtg the Ye￿ th¢ ¢harity conlinucd to provide assistanee in linc wryth its objcctives donating a total of £1,161,540 {2025:
£1.294.9501 ¢0 rElevant ¢auses. At the balanrc sheel dat¢ reserve5 arnounttd to £9.818,877 (2025.. £9J58.363}.
FINAiYCIAL REVIKW
Reserves Poll¢y
The T￿￿et'S rolicy is to use the charit￿S rcscrves and th¢ investment income to help off5¢t the ch8rity's exF¢nditure in
meding the objective5 laid down in th¢ Tn￿ Deed.
Going coneern
After making appropriate enquirie& the tru5tecs hav¢ a reasonabl¢ expectation that the charity has od¢quate resourccs to
Continue in C￿eratiOnal existencr for the forue¢able fvturc. For t￿.$ rcas)J4 they eonlinue lo adopt thc going tontern b&8is in
prep￿ing th¢ financial Statements. Further details regarding the adoption of th¢ going concern basi5 can be found in the
Accounting PDlicies.
Page I

5th￿￿111￿%￿ Foundation
Report of the Trn6t¢¢s
for the Year Ended 5 Aprll 2026
STRUCTURE, COVERNAIYCE AND MANAGEMENT
Governinf do¢um¢nt
The charity is controlled by itsgoveTnin8 documajt, a deed of trwt and constitu*s ￿ unllKffpwdted charity.
Comtithtion
Scdel. Collings Foundatiort is a ￿l[lty constituted by a De¢iarntion 0fTTh￿ dated 8th Decembu 20(kn.
Method of appointment orel¢¢tlon of (rusteei
The TTU5tees of the Endowment Fund shall IK not than two or more than twelve in numkr and shall, &s far as ￿SSible,
(but without itwing any legal obligation in this resp￿) include a rnajority of p¢rsotks connea&J with Sedel - Collin
Found￿10￿. Thc powcr ofappointin8 newTrnsltts is invested in the surviving or ¢onlinuing Tnjstees.
Riik m•n*g¢nwnt
The charity Trust￿ have Consider￿ th¢ major ri8ks to which thc ch8rity is exposed and have reviewed those athd
e*ablibhcd systems and procedures to tnanage those risks. The Trw*¢¢s consider thc voJiability of invcthmt r¢ttm)s on the
investments to constityle the charity's tnajor Tisk and ￿￿tinUe to kw the investment portfolio UTrd￿ rcvi¢w.
REFERENCE AIYD ADMINISTRATIVE DETA113
Regl¥tered ChArhy numb¢r
1120926
PrITh¢1p￿
7 Klngdon Way
Ilolsworthy
Devon
EX22 6FN
TruJt¢•i
RWB8dg
M E simp8￿1
A Little
R Currie
Audlto
Bullimores LLP
Chyrtercd Accountants
& Registered Auditor
Old Printers YBrd
156 South 5tre¢t
Dorking
SuTrey
RH4 2HF
MAD#Eer8
Union Banque Privee
One Bank Str¢¢t
Londo
E144SG
S*is Ass¢t Management Limited
45 Pall Mall
LotKion
SWIY5JG
Pa8¢ 2

Sedel-ColllDgs Foundatio#
Report of the Trnstees
for the Ytar Ended 5 April 2026
TRUSTEES, RESPONSIBILITY STATEMENT
The tnwees ar¢ re8pon5ible for prq￿ring the Report of the Trustees and the financial ¥lat¢m￿ts in acCOrd￿e with
applicable law and United KiDgdom A¢couDting Standards (United Kingdom Gtnerauy Ac£¢ptcd Attounting Practice).
Charity law rcquires the trust¢&8 to prepare financia] statements fty each fmancial year. UThdcr that law, the have
electcd to prepjft the finan¢iai thteM￿ts in aeeordanct with unit￿ Kingdom Oenerally Accepted Accounting Practi¢¢
(United Kingdom Accounting Standards 3nd applicable l&wl.
Under charity law the trustees must not approve the financial ￿ateMents unlcM thcy arc satisfied that thcy give atrue and fair
view of the s1*¢ of affairs of the charity and of the incoming Twurcu and application of resourc¢& including th¢ in¢ome
and exptnditure, of the charity for that p¢ri(Ml. In preporing those financial stat¢m¢nts. th¢ truste&s are required to
select suitable accounting wlicies 8t￿ then apply them consistffltly.,
observe the method5 and PTincipl¢s in the Chariti¢s SORP,.
make judgem¢nt8 and e&timatC5 that Are rwonabl¢ and prudent.,
prepare the fina￿191 *at¢nwts on the going o)nc¢m baws unles8 it Is inappropriatc to presun* that the charity will
continue IT2 business.
The tn￿te¢S 8re r•5pon5iblc for keeping prop¢r accountin8 rccords which disclose with ffasonable accur8cy at any time the
finsneial position of the ¢harity and to enable them to ¢n5urc thllt thc financial statements comply with the Charitie5 Act
2011 and The Charity (Accounts and R¢poits) Regulation5 2008. They arc also responsible for safeguarding the of the
¢harity And hence for tskin8 Teaqonable steps for the prevention and d¢t¢clion of fraud and other i]regularities.
Approved by orderof the board of tru5tees0n........ ...... .. . ....
R W Badger- TnMe¢
P4e3

Report of the Independ*At Audi¢or¥ to the Trnstees of
S¢ddQolilng5 FouDdatio
Oplnlon
We have audited the financial statemtnts of Sedel-Collin8s Foundatii)n (the 'rh3riWI for the Ye￿ cnded 5 April 2026 which
comprise the Statement of Financial Activities the Balance Shttt and notes to the financial Statemen￿ including 8 slut￿nary
of Si￿lfiCallt accounting poli¢i¢s. Th¢ fuwi¢ial reporting framcwork that h&8 been applied in their preparation is applicable
law atMI United Kingdom A¢eountin8 stand8￿s (United ￿ngdorn Generally Accepted Accounting Practice).
In our opinion the financial ￿atcmcnts'.
ve a true and fair view of the state of the Charitys affairs as at 5 April 2026 and of its incoming resou￿ and
application of r¢sOU￿¢s, foT the year cndcd.
have been properly preparnl in accordAnee wth UTLi*d Kingdom Cuwally Acceyted Accounting Practict,. and
have been prepared in accordance with the requirenmts of the Chariti¢s Act 2011.
Billi for oplnlo
W¢ c¢indu¢id our audit in With International Standards on Auditing IUK) {ISA5 (UKII and applicable law. Our
responsibilities under those g(andard5 gre fvrthcr dewibed in the Auditor5, rcsponsibilitics for the audit of the finan¢iaJ
statements scction of our report. We are independeni of the charity in aCC￿dance with the ethica] requiTetncnts that are
relevanl lo our audit of the financial SUrtncnts in ihc UK. including the FRCS Ethi¢aI Stsndarl and we have fulfilled our
other ethical responsibilities in accordance with thue requirements. We b¢liev¢ that thr audit cvidence we have obtsined is
sufficient 8md appropriate to PTovhde A bosis forour opinion.
Con¢lvsloni relatln¥ to golng ￿ne¢rn
In auditin8 the fuw¢ia] statements, we have concluded that the tru8t¢es' use of the going conccrn basis of accounting in the
prew4ralion of Ihe financial statements is appropriale.
Based on the work we have perfornied, we have not identifjed any material unctttainties relaiing to evertts or conditions that,
individually or colledively, may cast significant doubl on the ch8rity'$ ability io continue as a going coftccrn for a period of
al l¢a* twelve months from when the finon¢ial stat¢rnents 8T¢ authorised for I￿¢.
r responsibililies and the responsibilities of the tri￿ wth rcspect to going ¢onc¢m are described in the relevAnt
seetions of thi5 report.
Other Informmtlon
The ttustees are rcsponsible for the other informalion. The thher infomiation compriw the Inforn￿tiOn included in the
At￿￿&1 Rtport, other than the financial #atemen18 and c4w Report of the Independen¢ Auditcn thereon.
Our opinion on the firlancial stalcrncnts not eover th¢ other inforn)ation DJ￿, except to th¢ ¢xt¢nt oth¢rwise ¢xpli¢iily
Jt¢d in our report, we do not exprtsg ony form of a&SUrd￿ ¢on¢1￿10n thereon.
In connection with OUT audit of the finan¢ia] statements. our rcsponsibility is lo read the other inforrn&tion and. in doing so,
consider wh¢ther the LNh¢r inlormalion LS materially irtconsistent with the financia] #atements or our knowledge obtained in
th¢ audit or oth¢M5c appears to be materially misstal¢d. If we identify such matcrial inconsi51encies or apparent maleriai
misstatewnents, wr arc required to detcrniine wthether thi$ gives rise lo a material mi55tatemenl in th¢ finan¢ial statrments
themselv¢5. If. based on th¢ work we have p￿rOM]eA, wc conclude that there is a material mi￿lat¢m¢nI of this Other
infonnatioT4 we are wuired to remthat fact. We have nothing to r¢p(*l in this regard.
Matt¢ri which we Rre requlred to r•port by ¢x¢eptloA
We have nothing to repcrft in resp¢ci of the following mattcrs where the ChaTiti¢$ (Accounts And Reports) ReguLations 2008
reqllir¢s us to report to you if, in ouropinion..
the infomMtion givlm in the Rem of the Trustee8 IS inc¢)n6i*¢nt in any rnatcrial rr5PCCt with the financial statements. or
suffirient accounting records have not been kept,. or
thc fjnancial slatem¢nts ar¢ nol in 2￿CeMent with the ae¢ountin% records and rettEm4
we have not rec¢ivd a]1 the infonnation and cxplanations w¢ require for our audit.
Pago 4

Report of the Indep¢ndent Auditor5 to the TruJtee5 of
Stdel-Coll5ngs Found•tion
Responslblll¢ies of trustels
As explained more fully ￿ the Trustees, Rcsponsibilitics Statem￿[ the triwe¢s are responsible for the pre￿￿tiOn of the
fjnancial ststcmcnts which give a true fair view, arKi for such itrtemal Control as ihe Nste¢s det¢rniine is nwe&wry to
enable the preparation of financial statements thai ￿ free from material mi5StatemetLL whethu due io fraud or error.
In preparing the financial staternen￿ the trijstees are responsible for a￿￿4]ng thc charity'$ ability to ￿ntinue as a going
¢ots¢e￿ dis¢losing, ￿ applicable. matters T¢lated to goin8 concern and usin8 thc going conccrn ba&s of accouniing UDIc&
thc tNsttts eithcr int¢t)d to liquidate the charity or to cegst operaiiaw or hav¢ no realistic 4iternative but to do so.
Our reiponlibilities for the Y4udlt of the flD%nclo1 BtAtements
We hav¢ b¢¢n appoint￿] a5 auditors under Setlion 144 of the Charities Aet 2011 and report in ￿e0rd2￿¢¢ with the Act and
relevant Jrgulations t)￿ orhaving effect ihereund¢r.
r objectives Are to O￿lift re8sonable aSSUTance abtyjt the finan¢ial s¢atem¢nt8 as a whole are free frotn m*erial
mi&statement, whcther due to fraud or er￿￿. and to i&suc & Report of the Independent Auditors that includes (wr opinion.
Reuonable a&suraTLce is a high level of assur8nce, but LS not a gu8Jmtee thai an audit tonducted iTh accordancc wsth ISAS
{UK) will always detect a materia] misstatement when it exi5t& Misst#temeni$ ¢an aris¢ from fraud or error and are
¢onsid¢red D￿terial if. individually or in the aggregate. they could r&tsonably be eX￿tell 10 intluMc¢ th¢ econorni¢
de¢i$ions of u8¢rs tak￿ on the basisofthese fJnantia] Mat¢ments.
Wr obtairted an understandin8 of the legal and regul￿Ory frameworks that are applI￿ble to the cothpatw and determined
that the most signifLcat)t whith Are I￿rectlY relevant to 5pwifi¢ ass¢ni¢)ns in th¢ finsn¢ial statements aTt those related to the
reporting frameworks (IFRS, thc Companies Ael 201kn and thc relevani lax compliance regulations in Ihe UK).
We under*ood how the eompany is complyin8 ilryth those legal and regulatory frAm￿rkS by m8kin8 enquiries of
management.
We did not identify any material matters relatin8 to non-complianc¢ wilh law8 and rwlatirns or relatins to fraud.
We assesscd the susceptibTlity of company's fLn8ncial 5taterncnts 10 Materi￿ mi88tat¢ment by discu￿10nS with the dire¢ttts
to understand areas where they considered ther¢ w&9 sJseeptibility to Mi￿atement. We a]$0 ¢onsider¢d pr¢8sare5 on the
di￿or$ to mea extern&l pre￿￿rtS irt rep￿Ing the finan¢i41 r¢wlt$.
Audit procedures perfornied by the ￿sa￿ement team ort the ￿8S where fraud might ¢Kcur included..
rcview of materia] balance sheet assets 8nd liabilities to supporting third pty ¢onfirmation$ where availablr
jowTral cntri¢S review, with a fwus on manual entries and entries deterniined ￿ be large or unusua]
- rew¢w of 8mowils r￿0¥crable under contract
transaction testing
A&wsment of the appropriateness of the collrttive eompetence and wabilitie$ of the en8a8ernt team in¢ludinB
considcrdtion of the cngagcmcnl Icam's:
UTMierstandin8 of, and practical experience with audit en8&gemcttts of a similar nature 8md wmpl¢xity
)wl¢dge of the industy in which thc compony operat¢5
UTwJctstanding of the legal and regulatory requiretrlents specificto the company.
A fi]rtI￿ d￿ription of our re￿onsIbILitieS for the audit of the r]nanci&l ststemenis is I￿Ated on the FinaTKial Re￿rtifig
Council's website at wivw.fra0rg.uklauditorsresp￿Sib1Iits¢s. Thi5 dcs(TiPtion fornks part of our R¢FXXt of the InderKndent
Auditors.
Pagc 5

Reportrfthe Independent Andltors to the Trnstees of
sede￿0111￿£￿ Fo*Ml*tlon
Uie of our report
Thi5 re￿rt 15 mad¢ solely to the tharitys trustetts, &$ & IM)dy. in accord￿ with Part 4 of the Chan'tiu {Accounts •md
Reports) Regulatsons 2008. Our audit work h&8 E¢en Und￿￿k￿ ￿ ihat wc tnight state to the charityls trjstees those matters
wt are rcquircd to State to them in an auditors, r¢pon and for no other purpose. To th¢ fv11¢$1 ¢xtent pettnitted by law. we do
ot a¢¢ept OT a&wmc responsibility lo anyone other than th¢ charity and ihe charity's tNste¢8 as a b(yJy, for out audit worK
for this rqth, or for th¢ opinions we have fomwj.
Bullimoras LLP
charter￿ Account
& R¢￿SIfred Auditor
Old Printen Yard
156 South Street
DoTkiThg
Surr¢y
iiH4 2HF
Date..
OÈ
Page6

sedt￿C￿lllel Foundatton
StstemeDt of FInartei￿ A¢dvltl¢¢
for the Year Ended S April 2026
5.426
Unr¢bXri¢
fimd
5.4.25
Total
Notf5
INCOME AND ENDOWMEIW3 FROM
Dot)ati(w and l¢wi¢$
150,000
Invethent incom¢
oth￿ tDwme
142,483
19,047
177,179
33,899
Tot•1
161J30
361,078
EXPENDITURE ON
Jnvestment managemcnt fees
96.115
85,795
charfl*b￿ a¢tfYAtI
Donatlons
1,161 J40
15,754
1,294,950
30,918
5.555
2,152
TotAI
1,278,964
1.413,813
Net gain￿00$%5) on investments
1.576,948
1288,977)
INCOMEJ(EXPENDITURE)
459J14
{1,341.714)
RECONCILIATION OF FUNDS
Total.fi]nd& brought lorivard
9.358.363
10,7CK).077
TOTAL VUNDS CARRIED FORWARD
9,817.877
9,358363
Thc notes forni partofthw financi41 statements

SedekCoJlln%8 Foundatton
BAlanee Sheet
5 Aprll 2026
5.4.26
Unrc4tricted
fithd
5.4.25
T(*al
fimds
Not
FIXED ASSETS
Investments
8,162,203
8,499.172
CURRENT ASSETS
1,964.074
1.265,191
CREDITORS
Amounts falling due within one year
io
1108.400)
{106,IKK)}
NET CURRENT A&SETS
1.855,674
1,159,191
TOTAL ASSETS CURREKr
LIABILITIES
10.017,877
9,658,363
CREDITORS
Atnounts failing due after mor¢ than one year
12(*).￿}
I300,0￿)
NET ASSETS
9,817,877
9,358.363
FUNDS
Unrestricied f￿d9
12
9.817,877
9,358,363
TOTAL FUNDS
9.817,8TI
9.358.363
The fin8ncia] Aat¢m¢nts were approved by the Biwd of Trusteu And authori*d fty iwe on .......
and wett SI￿¢￿ ort its bchalf by..
R W Bad8¢r. Tnutee
The notes forn) part of these financial Statern￿ts
Pa¥¢ 8

Sedel-colllngs FoundatioD
Notes to th¢ FIoaDelal StAtements
for the Ye4T Ended S Aprll 2026
ACCOUNTINC POLICIES
B*ql8 of pr¢parlng the flnanclal st#t¢M¢￿ts
The finan¢ial *atements of the charity, which is a public benefit entity undcr FRS 102, have been prepared in
accordan¢e with the Charitics SORP (FRS 1021 'Accountin8 and Reporting by ChoTities: Sla¢¢ment of
Recomrncndcd Pra¢ti¢e applicable to chaJitics preparing their accounts in aceordance with the Financial Reponing
Stsndard applicable in ihe UK and Republic of IT¢land (FRS 1021 {¢ffective l January 20191,, Financia] R¢portin8
Stsndard 102 The FIn￿ela7 Reponing Standard applicable in the UK and liepublic of Ireland. and the Charities Act
2011. The financial statetnents hav¢ been prepared urLdcr the historical cost cOnv￿tIOn, with the exccption of
Investm￿ts wtiich are itjcluded at rDarkel value, as modified by thc rcvaluation of certain awts.
Income
All incomc is reeognised in the Stgt¢m¢nt of FinaTKial Activities 0￿¢ the dwity ha8 entitlement to the fimd& ￿t is
probable that thc income will be received and the smourtt ¢•n be me￿￿¢￿ reliably.
Expendltsr•
Expenditure is r¢w8niBed once there is A legal or ¢oDstructiv¢ obligalion to trlnsfer economi¢ benefit ro a third
pdrty, Lt is probable that 8 transfer of economic benefits will ￿ rcquired in Settlement and the amount of the
obligation can bc M￿$ured reliably. Expenditure i$ clauifi)J by acyvity. The costs of e4th activity are made up of
thc total of direct c¢yJts and shared cost& including support cost5 involved in undertaking ¢ath aelivity. Dircct cosrs
Are 8tributabl¢ to a single activity grt Ailo¢&ted directly to that activity. Shared costs which coniribule to morc than
on¢ 4¢tivity 8nd support costs whi¢h are not artTibutable to a 5tngle activity arc apportioned b¢nve¢n ihos¢ aLlivi11¢8
on a b*si$ ¢onsi&lent with the usc of rc50urces. Central staff costs are aJliKated on the basis of time spenl and
deprcciation ch*ges allocated ￿ the portion of the &M's use.
Governance costs are those incuTral in connection with administration of the th￿ity 8nd compliance with
constitutional siaNiory requir¢m¢nts.
C0515 of 8enerating fimds are costs incurr&l in attracting voluntary income, and ihose in¢yrred in tradin8 activit1¢8
that raise funds.
ChAritabl¢ activiti¢s and Govemancc costs are ¢ost$ incurred on the charity's cducational operaiion4 in¢ludin¥
supp(rt costs and c0518 relating to the govemance of th¢ ¢harity 8PPQrtioned to charitable activities.
Grant$ payable are chgrged in the year when the offtt is mad¢ ex¢ept in those c&8es whcre the offer is coodilional,
uch grants bein8 reCO￿lSed ￿ expenditure whcn the conditiws atta¢hin8 are ￿lfilled. Grants offtred subje¢t to
eonditjon5 which have not been mei ai the ye8r end gre noted as commitmcrhL bul not atttved ￿ eXp￿dI￿lTe.
TixattOA
Th¢ ch4rity is exempt from on its djaritable Activitie8.
FyDd a¢¢ouTrtln¥
ljenerai fi￿d$ are unrestricted fimds available for use at the discretion of thc Trustees in filltherance of the
gencral objcGtives of the ¢harity and which havc not been d¢siwied for othtr puryose
C￿h Jit bank and ID hand
Cash at bank and in hand ineludcs cash artd short tern) highly liquid investments with a short matiwity of three
months or le&% from the date of acqui8Lti¢)n or opening of the d¢Fwi¢ w simil3r account.
continued...

S￿el￿OI￿n￿ FoundAtioD
Note¥ to the FIDAncIAI Stst¢nwnts- ¢ODtknued
for the Year Effjded 5 Aprll 2026
Dof4ATJONS AND LEGACIES
Totsl
fund8
2026
Tthal
funds
2025
fuDd$
2026
150,0
INVESTMENT INCOME
5.4.26
5.4.25
Inve8tment income- Dividends
142.483
177,179
INVESTMENT MATh AGEMEIYT FEES
lttwertrnent InAli8ieiiieiit ¢0
5.4.26
5.4.25
InY¢stment manwmcnt fec9
96,115
85,795
CHARETABLE AcnviTJES COSTS
Othw
Tothl
2025
2Tr26
Z026
ExpenditUT¢ on Inv¢stment management
9Aii3
85,795
OTT￿￿$f￿nth
9&115
94115
85,795
tk)nati¢)n
Bxpcnditure on govumanc¢
Othet expendittns
1,161J
IS754
.1fj1.540
IS754
1,294.950
30,918
2.152
1,27&964
1.274964
1.413,813
GOVERNANCE COSTS
U•rHtrlthd funds
1026
Toraj fithls
2025
2026
AuditorfjTrmunm¢￿n
Legd artd prof¢ssionBI fc¢s
Account￿KY ftts
7060
336
7WO
1242)
336
815
24.0(K)
103
(2421
14754
IS754
30.918
Pa8¢ 10
continued...

Sede￿C01lI￿gs Ftswnditlo
Notes to th¢ Flllwial Statements-
r th¢ Year Ended 5 Aprll 2026
Donations were made to the followingorganisatson&
2026
2025
Balloon5
Beresford Street Kitchen
Boun¢e Bright¢r Future5
Community Foundation for Surrry
Csrefree C￿￿wAI]
Copper Academy
Counsclling For So¢iai Clwig¢
Cornwall Community Foundation
Dev¢)n Communiry Fowidati¢)n
Dr&45 for Sue¢ess
DYS Space Limited
Eikon Charity
Ho15WOrthy Lundw)n Club
Jerscy Community F¢Jundation
Jersey Hospi¢¢ Care
One-Eighty L
Parental Minds C.l.C
Pete's Dragon8
PMH Borders
PToject Manna
Seen Limit
S￿d Community Hub
Sound Communities
Th¢ Briwtte Tru*
The Pearl Ex¢hang¢
The Old Bank Camclford
The Wave Proj¢¢t
Tivertort Town Council
West Surr¢y Golf Club
Veterans into Lowstics
Young Epilepsy
Zrn Wat¢r8
Other donations less than £l.(M)O
10.000
10,000
30.0(K)
30,000
250,1XX)
21340
20.000
yo.000
ioJoo
230.0
285JIM)
Jo.0(
Jo,000
34,5(Nl
20,200
132250
240,0
10,O(M)
30.0(K)
39,5Tr)
500
340,0(KI
3(￿.(
io,•oo
JO,IKK)
20,IXM
10,¢
iO.IKK)
isooo
Jo.•oo
10.000
10,000
JO,IKM)
10,IXX)
lo,￿
50,(KKS
10,000
10,•oo
66JOO
2JOO
20.000
io,w)
Jo,000
10,000
2.5(K)
10,000
i(w)
Total
1,294,950
Pagell
ca)tinu¢d...

SedelQollings FoundAtion
Notes to the FIR￿￿81 Stst¢ments- eoDtIMved
for the EDde415 Aprll 2026
TRUSTEES, REMUNERATION AND BENEFITS
Thete wcre no truBt¢¢l r¢mun¢r*ion or other benefits for the year ethd￿l 5 April 2026 nor for the YM ended
5 April 2025.
Trnjtees, expeno
One or more tr]steu ¢latme4 or had ort their beha]f, ex￿Se5 totalling £5,555 {2025.' £2,152)
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Utwearicted
fund
INCOME AND ENDOWMEIYIS FROM
Donations and l¢8acies
150,000
Invwment income
(hher incom¢
177.L79
33,899
Totsl
361,078
EXPENDITURE ON
Inv¢stm¢nl m8nwment fttg
83,795
Cbgrlt8bie actlvl
Donati(ms
Governance co*s
1,294,950
30,918
(Xh
2,152
Tot
1,413,815
Net gain￿(]0$￿%) on inv¢stm¢nts
{288,977)
NET INCOMEI{EXPENDITURE
11,341.714)
RECONCtLIATION OF FUNDS
Total brought forward
10,700.077
TOTAL FUNDS CARIUED FORWARD
9,358,363
Page 12
C(￿tinu￿...

s￿ell0]lIng5 F•uDdado
Notes to the FiD8nctAI Sthterthents- ¢ontlnued
for the Yefir Ended 5 April 2026
FIXKD ASSET INVESTMENTS
Li*ed
investtncnts
MARKET VALUE
At 6 April 2025
Disposals
ReV￿￿81]un8
,499.172
(1,333,676)
996,707
At 5 April 2026
8.162,203
NET BOOK VALUE
At S April 2026
,162203
At S April ￿25
8,499,172
There were no inVeStrt￿nt assets outside the UK.
t or valuation at 5 April 2026 is r¢pr&4enttd by..
Listed
Valuation in 2026
996.707
7,165,496
8,162.203
Fixed asset ijyvestmenls ar¢ a fomi of flnancial instNm¢ni and are initially recognised at their tr8msactiM cost and
Subsequently mcasured at fair valu¢ at the B21anee sheet dai< flir valu¢ cannot be meawrcd reliably in which
cw it is rne￿red ht cost less impainnent. Inv&Strn￿t gains and losses, whether r¢alised or U1￿11$ed, are
combingj showTr in the headin¥ ￿aIn￿(lo￿lesl on inVe8tMcn￿ in the Statoment of fin￿¢18) a¢tivi¢ies.
CASH AT BANK
fiu)ds
2026
fi￿dS
2025
Total ush in hand
1,964,074
1.265,191
Page 13
¢{￿rinueAl...

Sede￿C0ll1￿v FouTrdAtlfyn
Notrs to the St•tsments- eoDthiued
for the Ye*r Ended S Aprll 2026
io.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.26
5.4.25
Other creditors
108,400
106,000
CREDrroRS: AMOUIYTS FALLING DUE AFTER MORE THAN ONE YEAR
5.426
5.4.25
(hher cmjittts
21x1.000
300,000
12.
MOVEMENT IN FUIYDS
Net
movement
in funtLs
Ai
5.4.26
At 6.4.23
Unrethcted ￿nd¥
Unrestricted ftmd
9,358,363
459J14
9,817,877
TOTAL FUNDS
9,358.363
459J14
9,817.877
Net mov¢rncnt in fjJnd5, included in the aFA)V¢ 8T¢ u follows..
Incornin8
Rcsour¢¢
eXp￿ded
Gains and
Movement
in ￿￿￿*
Unrejtrlrted funds
Unre8tricted fitnd
161 J30
(1,278,964)
l J76,948
459,514
TOTAL FUNDS
161530
11,278.964)
1,576,948
459.514
Compvadvu for mov•rnent ID fund•
Net
At
5.4.25
At 6.4.24
in fimds
Unre8trl¢ted fun
Unrcstricted futld
10,700.077
{1,341,714)
9,358,363
TOTAL FUNDS
10.700.077
{1.341,714)
9,358,363
Page 14
corttinuttj...

Sedellolliny Found•do
Not¢$ to the FinaNclAI Ststements- contlnued
for the YeAr Ended 5 Aprll 1026
12.
MOVEMENT IN FUNDS- e•ntinued
Comparaiive net movement in fulld4 included in the aih)ve ar¢ as follo
Incoming
Gtiins 8nd
loss
Movement
in fiu)ds
expended
Utsre8trl¢¢ed fund0
Unrestti¢ieA fund
361,078
(1,413,8l51
(288,977) 11,341.714)
TOTAL FUNDS
361,078
(1,413,815)
(288,977) 11.341,714)
A currcnt year 12 months aThd prior ycar 12 months combincd position 15 &$ follows..
Net
tnovement
in fimd8
At
5.426
At 6.4.24
Unrestrkted fun
Unr¢stricted fvnd
10,7(K>.077
{882,200)
9.817,877
TOTAL FUNDS
10,700,077
{882,2001
9,817,877
A ¢ur¢nt year 12 months and prior year 12 months Combin￿ net movement in fund& I￿lUd￿j in the above are as
follows..
Incomin8
Re￿UrceS
expended
G&in$ 8￿d
losses
in fimd8
Unrertrleted fvnd•
Unrestricied fund
322.608
{2,692,7791
1,287,971
(882,200)
T(YfAL FUNDS
522.608
(2,692,779)
1,287,971
{882,200}
Page 15
c<>ntinued...

SedekC0llln￿ Found8thiD
Notes to the FlnaDcIAI St&tsments- ¢oDtlnued
for the Ve*r Ended 5 Apri12026
13.
RELATED PARTY DISCLOSURES
During the year cnded 5 April 202A 1nV&tnen￿ were held with Satis Wea]th MaT4rnt Limitrl a wmpwy of
which truste4 Ross Badger was a diredor uDtLI 24 sq>temb￿ 2025. Following his resiwwiion as a direrfor, Ross
Badgcr re¢airted a minority sharcholding in the company. Invcdmcnis held with Satis Wcalth Management Limit￿ at
5 April 2026 totsllcd £4,290,734 (2025.. £4,321,705). lrtvestment Mar￿SeMCnt fees paid to Satis Wcalth
Management Limited during theyegr totsil¢d £42,907 {2025.' £44.3461.
14.
FINANCIAL INSTRUMENTS
The charity only has fllhancial xget8 and fiJwKia] liabilities of a kirtd that qualify &8 basi¢ fuwicial instrUM￿ts.
Ba81¢ finan¢iAI insttuments initiajly rwjised at transaction value and ￿bSeqUent[Y measured at their settlement
value with the eKc¢ption of bank loans which are subwu¢ntly measured at amorti*l c05t Using thc ¢ffwtive intcr¢*
method.
GOING CONCERN
The flnancial ststernents Br¢ PT¢pared s)n a going c(rtKem basis. As of this procu& the trustee5 the
charity'8 financial ￿SItiOn. Having r•Trewe4] forecasts and resttves. thc trus1ees 8T¢ ￿11&fi¢d that there are no
matwial unce￿1￿￿¢S and that the going conc¢m bosis remains ippropriatr.
Pa8¢16

SedelQolllng8 Found4tlon
Detailed St8tsmeDt of Fim#N¢1￿ A¢tivltles
for the Year Ended 5 April 2026
5.4.26
5.4.25
JIYCOME AIYD ENDOWMENTS
Donatlonx and kKar
tknnaiions
150.0
Inweytmenl Incon
Investtnent ineom¢- Dividmds
142,483
177.179
Other In¢om¢
Deposit a￿OUnt int¢K8t
19,047
33,899
Total IDeomlnR rewjrc
161,530
361,078
EXPENDITURE
Investment mgnaeement Costs
Inv¢8tmet)t n￿￿8¢￿ent fees
96,115
85.793
Ch*rftAbk ietlvltl
Accountancy
Audii fee
Legal and professional fees
Bank charges
DoAatiorts
7,800
7,860
336
(2421
1.161,540
24,C¥)O
6.OCN)
815
103
1,294,950
1,177,294
1,325,868
Other
Tru51ees' expenses
5,555
2.152
Totsl re8ourccg expended
1,278,964
1.413,815
Net expendlture before *nd IOM
{1,117,434) 11.052,7371
R¢gNwd r•cOgnl￿d gAitt# #nd loi
R¢4li8ed gai￿￿11085ts) on fixed a56et invuttnet)ts
678,705
170,555
Net expendlture
(438,729)
(882,1821
Thispage does not forn) part of the statutory financial ststcrn￿ts
Poge 17

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