| The Seaby Foundation | The Seaby Foundation | The Seaby Foundation | 1129062 | 1129062 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Receipts andpayments accounts | CC16a | ||||||||
| For the period from ~~ee~~ |
Period start date 14.11.2022 |
Period end date To 13.11.2023 ~~e~~ |
|||||||
| Section A Receipts and payments | |||||||||
| Unrestricted funds |
Restricted funds |
Endowment funds |
Total funds | Last year | |||||
| to the nearest £ | to the nearest £ | to the nearest £ | to the nearest £ | to the nearest £ | |||||
| A1 Receipts | |||||||||
| Income from investments 51,137 |
- | - | 51,137 | 39,262 | |||||
| Interest received 484 |
- | 1,381 | 1,865 | 179 | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - | |||||
| - | - | - | - | - |
Sub total (Gross income for 51,621 - AR)
| Sub total(Gross income for | (Gross income for | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| (Gross income for AR) |
(Gross income for AR) |
51,621 | - | 1,381 | 53,002 | 39,441 | |||||
| A2 Asset and investment sales, (see table). Sale of investments - - 963,549 963,549 1,669,345 - - - - - Sub total - - 963,549 963,549 1,669,345 Total receipts 51,621 - 964,930 1,016,551 1,708,786 ~~S555~~ |
|||||||||||
| A3 Payments | |||||||||||
| Grants awarded | - | - | 125,000 | 125,000 | 39,000 | ||||||
| Investment manager fees (VAT inclusive) | |||||||||||
| - | - | 9,201 | 9,201 | 10,247 | |||||||
| Trust administration fees (VAT inclusive) | |||||||||||
| - | - | 9,166 | 9,166 | 9,131 | |||||||
| Independent Examiners fees | - | - | 780 | 780 | 780 | ||||||
| Bank charges | - | - | - | 108 | |||||||
| Cash management fee | 38 | - | - | 38 | - | ||||||
| - | - | - | - | - | |||||||
| - | - | - | - | - | |||||||
| - | - | - | - | - | |||||||
| **Sub total ** | 38 | - | 144,147 | 144,185 | 59,266 | ||||||
| A4 Asset and investment purchases, (see table) Investmentpurchases - - 895,409 895,409 1,599,320 - - - - Sub total - - 895,409 895,409 1,599,320 Total payments 38 - 1,039,556 1,039,594 1,658,586 ~~——————~~ |
|||||||||||
| Net of receipts/(payments) 51,583 - - 74,626 - 23,043 50,200 A5 Transfers between funds - 26,451 26,451 - - A6 Cash funds last year end 26,451 65,534 91,986 41,786 Cash funds this year end 51,583 - 17,359 68,943 91,986 ~~===>>~~ |
CCXX R1 accounts (SS)
27/06/2024
1
Section B Statement of assets and liabilities at the end of the period
| Unrestricted Restricted |
Endowment | ||||
|---|---|---|---|---|---|
| Categories | Details | funds funds |
funds | ||
| to nearest £ to nearest £ |
to nearest £ | ||||
| B1 Cash funds | - - 17,359 51,583 - - - - - 51,583 - 17,359 Total cash funds Capital account Income account ~~SS~~ |
||||
| (agree balances with receipts and payments | (agree balances with receipts and payments | ||||
| account(s)) | OK OK |
OK | |||
| Unrestricted Restricted |
Endowment | ||||
| funds funds |
funds | ||||
| Details | to nearest £ to nearest £ |
to nearest £ | |||
| B2 Other monetary assets | - - - - - - - - - - - - - - - - - - ~~—_——~~ |
||||
| Details | Fund to which asset belongs Cost (optional) |
Current value (optional) |
|||
| B3 Investment assets | - 1,897,824 - - - - - - - - Investment portfolio ~~a~~ |
||||
| Details | Fund to which asset belongs Cost (optional) |
Current value (optional) |
|||
| B4 Assets retained for the charity’s own use |
- - - - - - - - - - - - - - - - - - ~~tee~~ |
||||
| Fund to which Amount due |
When due | ||||
| Details | liability relates (optional) |
(optional) | |||
| Signed by one or two trustees on behalf of all the trustees B5 Liabilities CCXX R2 accounts (SS) |
- - - - Date of approval Print Name Chris Thurlow on behalf of Ludlow Trust CompanyLimited Signature 2 27/06/2024 ~~—=~~ |
CCXX R2 accounts (SS)
Trustees’ Annual Report for the period
From 14 November 2022 To 13 November 2023
Charity name: The Seaby Foundation Charity registration number: 1129062
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The trust deed authorises the trustees to apply the income or capital to or for the benefit of such exclusively charitable objects and purposes in any part of the world as the trustees in their absolute discretion think fit. The Trustees will take into account the Letter of Wishes which requests that consideration be given to benefit the following charities: • NSPCC • Demelza House Children’s Hospice • PDSA • RSPCA • Cat’s Protection |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
In furtherance of the charity’s objects for the public benefit the trustees shall provide grants in accordance with the Letter of Wishes. In determining the charity’s activities the trustees have had regard to the Charity Commission’s guidance on public benefit. |
| Statement confirming whether the trustees have had regard to the guidance issued bythe Charity |
Para 1.18 |
Commission on public benefit
Additional information (optional) You may choose to include further statements where relevant about: SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other
Achievements and Performance
SORP reference During the year under review the charity made grant awards to two charities totalling £39,000. Summary of the main achievements of the charity, identifying the difference the Para 1.20 charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | |
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | |
Para 1.41 Investment performance against objectives Other
Financial Review
| Review of the charity’s financial position at the end of the period |
Para 1.21 | At the end of the reporting period the charity had reserves of £51,584 (2022: £26,451). In addition to the free reserves the charity has bank balances of £17,359 (2022: £65,534) and investments valued at £1,897,824 within the endowment fund. The Trustees pursue a policy of maintaining a free reserve available to be spent in the furtherance of the charity’s objectives as well as covering future needs, opportunities, contingencies and risks. |
|---|---|---|
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | |
| Amount of reserves held | Para 1.22 | |
| Reasons for holding zero reserves |
Para 1.22 | |
| Details of fund materially in deficit |
Para 1.24 |
Explanation of any Para 1.23 uncertainties about the charity continuing as a going concern
Additional information (optional) You may choose to include further statements where relevant about:
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | The trust is governed by deed dated 13 November 2008. |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | Trust |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Trustees are appointed by the existing trustees. |
| Additional information (optional) You may choose to include further statements where relevant about: |
||
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | |
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 |
Other
Reference and Administrative details
| Charity name | The Seaby Foundation |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1129062 |
| Charity’s principal address | Trustees Department 1stFloor, Tower Wharf Cheese Lane, Bristol BS2 0JJ |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole **year ** |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Ludlow Trust CompanyLimited |
||||
– Corporate trustees names of the directors at the date the report was approved Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets held in this capacity
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects
Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
| Names and addresses of advisers (Optional information) | Names and addresses of advisers (Optional information) | Names and addresses of advisers (Optional information) |
|---|---|---|
| Type of adviser Name Address |
||
| Investment Managers | NatWest | 2ndFloor, Trinity Quay II, Avon Street, Bristol, BS2 2DH |
| Bankers | NatWest | 2ndFloor, Trinity Quay II, Avon Street, Bristol, BS2 2DH |
| Accountants | KJF Accounting Limited | 17 Sheringham Avenue, Southgate, London, N14 4UB |
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
----- Start of picture text -----
Signature(s)
Full name(s) Chris Thurlow
a
Position (eg Secretary, On behalf of Ludlow Trust
Chair, etc) e Company Limited s
Date
----- End of picture text -----
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examinerfs Report Report to the trusteesl members of The Seaby Foundation On accounts forthe year ended 13, November 2023 Charity no lif any) 1145163 Set out on pages 1to2 I report to Ihe trustees on my examination of the accounts of the above charity l-the Trust") for the year ended 13, November 2023. Responsibilities and As the charity Irustees of the Trust. you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 (Yhe Acr). I report in respect of my examination of the Trust's accounts carried oul under section 145 of the 2011 Act and in carying out my examination, I have followed the applicable Directsons given by the Charity Commission under section 145(51{b) of Ihe Act. I have completed my examination. I confim that no material matters have come to my attention in connection with the examination which gives me cause to believe that in. any material respect= accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records Independent examinef s statement I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in order to enable proper understanding of the accounts to be reached. Signed: Date". Z6-06- Name: Mr Keith Felton Relevant professional qualifi¢ationls) or body lif any): ACCA Address: KJF Accounting Ltd. 17 Sheringham Avenue, Southgate, London N14 4UB Section B Disclosure Only complete if the examiner needs to highlight matters of concem {see CC32, Independent examination of charity accounts." directions and guidance for examiners). IER October 2018
Glve here brlef detslls of any items that the examlner wishes to disclose. IER October 2018
2024-09-06Accounts
Final Audit Report
2024-09-06
Created: 2024-09-06 By: Estera Rzepus (Estera.Rzepus@ludlowtrust.com) Status: Signed Transaction ID: CBJCHBCAABAAV2hE3tfCcjpXjAi-hdcmYsvGGVtxob8H
"2024-09-06Accounts" History
- Document created by Estera Rzepus (Estera.Rzepus@ludlowtrust.com)
2024-09-06 - 2:04:22 PM GMT
Document emailed to Chris Thurlow (chris.thurlow@ludlowtrust.com) for signature 2024-09-06 - 2:04:25 PM GMT
- Email viewed by Chris Thurlow (chris.thurlow@ludlowtrust.com)
2024-09-06 - 3:21:33 PM GMT
- Document e-signed by Chris Thurlow (chris.thurlow@ludlowtrust.com) Signature Date: 2024-09-06 - 3:21:43 PM GMT - Time Source: server
Agreement completed.
2024-09-06 - 3:21:43 PM GMT