|**The Seaby Foundation**|**The Seaby Foundation**|**The Seaby Foundation**|||**1129062**|**1129062**||||
|---|---|---|---|---|---|---|---|---|---|
|**Receipts andpayments accounts**|||||||||**CC16a**|
|**For the period**
**from**
~~**e**e~~||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