Docusign Envelope ID: 6421D7C8-B82D-43D9-9E29-EEE1FF53C867
| The Seaby Foundation | The Seaby Foundation | The Seaby Foundation | 1129062 | 1129062 | CC16a | |
|---|---|---|---|---|---|---|
| For the period from |
14.11.2023 Period start date |
To | 13.11.2024 Period end date |
|||
| Section A Receipts and payments | ||||||
| A1 Receipts | Unrestricted funds to the nearest £ 54,627 4,051 - - - - - - 58,678 - - - 58,678 - - 12,440 780 139 - - - - 13,359 - - - 13,359 45,319 12,196 51,584 109,099 |
Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Endowment funds to the nearest £ - - - - - - - - - 1,610,962 - 1,610,962 1,610,962 - 9,562 - - - - - 9,562 1,570,935 - 1,570,935 1,580,497 30,465 - 12,196 17,359 35,628 |
Total funds to the nearest £ 54,627 4,051 - - - - - - 58,678 1,610,962 - 1,610,962 1,669,640 - 9,562 12,440 780 139 - - - - 22,921 1,570,935 - 1,570,935 1,593,856 75,784 - 68,943 144,727 |
Last year to the nearest £ |
|
| Income from investments | 54,627 | 51,137 | ||||
| Interest received | 4,051 | 1,865 | ||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| Sub total(Gross income for AR) |
58,678 |
53,002 | ||||
| A2 Asset and investment sales, (see table). |
||||||
| Sale of investments | - | 963,549 | ||||
| - | - | |||||
| Sub total | - | 963,549 | ||||
| Total receipts A3 Payments |
||||||
| 1,016,551 | ||||||
| Grants awarded | - | 125,000 | ||||
| Investment manager fees (VAT inclusive) | - | 9,201 | ||||
| Trust administration fees (VAT inclusive) | 12,440 | 9,166 | ||||
| Independent Examiners fees | 780 | 780 | ||||
| Cash management fee | 139 | 38 | ||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| **Sub total ** | 13,359 | 144,185 | ||||
| A4 Asset and investment purchases, (see table) |
||||||
| Investmentpurchases | - | 895,409 | ||||
| - | ||||||
| **Sub total ** | - | 895,409 | ||||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
||||||
| 1,039,594 | ||||||
| 45,319 | - | 30,465 | 75,784 | - 23,043 | ||
| 12,196 | - 12,196 | - | - | |||
| 51,584 | 17,359 | 68,943 | 91,986 | |||
| 109,099 | - | 35,628 | 144,727 | 68,943 |
CCXX R1 accounts (SS)
01/09/2025
1
Docusign Envelope ID: 6421D7C8-B82D-43D9-9E29-EEE1FF53C867
| Section B Statement of assets and liabilities at the end of the period | Section B Statement of assets and liabilities at the end of the period | Section B Statement of assets and liabilities at the end of the period | Endowment funds to nearest £ 35,628 - - 35,628 OK Endowment funds to nearest £ - - - - - - Current value (optional) 2,139,287 - - - - Current value (optional) - - - - - - - - - When due (optional) Date of approval 03 September 2025 |
|---|---|---|---|
| Categories Signed by one or two trustees on behalf of all the trustees B1 Cash funds B2 Other monetary assets B4 Assets retained for the charity’s own use B5 Liabilities B3 Investment assets |
Signature Details Details Capital account Income account Details Details Total cash funds (agree balances with receipts and payments account(s)) Details Investment portfolio |
Unrestricted funds Restricted funds to nearest £ to nearest £ - - 109,099 - - - 109,099 - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - Print Name Chris Thurlow on behalf of Ludlow Trust CompanyLimited |
|
| Date of approval |
|||
| Chris Thurlow on behalf of Ludlow Trust CompanyLimited |
03 September 2 | ||
CCXX R2 accounts (SS)
01/09/2025
2
Docusign Envelope ID: 6421D7C8-B82D-43D9-9E29-EEE1FF53C867
Trustees’ Annual Report for the period
From 14 November 2023 To 13 November 2024
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 |
Docusign Envelope ID: 6421D7C8-B82D-43D9-9E29-EEE1FF53C867
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
Docusign Envelope ID: 6421D7C8-B82D-43D9-9E29-EEE1FF53C867
Achievements and Performance
SORP reference During the year under review the charity made no grants. 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 | |
Docusign Envelope ID: 6421D7C8-B82D-43D9-9E29-EEE1FF53C867
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 £109,099 (2023: £51,584). In addition to the free reserves the charity has bank balances of £35,628 (2023: £17,359) and investments valued at £2,139,287 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 |
Docusign Envelope ID: 6421D7C8-B82D-43D9-9E29-EEE1FF53C867
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 | Expendable endowment funds are those which are required to be invested to produce income, but which may be transferred to unrestricted funds at the discretion of the trustees in order that they may be expended in furtherance of the charity’s objectives. |
Docusign Envelope ID: 6421D7C8-B82D-43D9-9E29-EEE1FF53C867
Unrestricted income funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
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
Docusign Envelope ID: 6421D7C8-B82D-43D9-9E29-EEE1FF53C867
| network with which the charity works |
Para 1.51 | |
|---|---|---|
| Relationship with any related parties |
Para 1.51 | No trustee received any remuneration or was reimbursed any expenses in the year under review. Ludlow Trust Company Limited was paid £12,440 for trust administration services during the year under review. These fees are authorised under clause 9 of the trust deed. |
| 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 |
Docusign Envelope ID: 6421D7C8-B82D-43D9-9E29-EEE1FF53C867
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
Docusign Envelope ID: 6421D7C8-B82D-43D9-9E29-EEE1FF53C867
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 | Charter Tax Consulting Limited |
8thFloor, 1 Southampton Street, London, WC2R 0LR |
| Independent examiner | Geoffrey Frost | Blue Spire Limited, Cawley Priory, South Pallant, Chichester, PO19 1SY |
Name of chief executive or names of senior staff members (Optional information)
Docusign Envelope ID: 6421D7C8-B82D-43D9-9E29-EEE1FF53C867
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
Signature(s) Full name(s) Chris Thurlow Position (eg Secretary, On behalf of Ludlow Trust Chair, etc) Company Limited Date 03 September 2025
Docusign Envelope ID: 6421D7C8-B82D-43D9-9E29-EEE1FF53C867
Independent Examiner's Report to the Trustee of The Seaby Foundation
I report to the charity trustees on my examination of the accounts of the charity for the year ended 13 November 2024.
Responsibilities and basis of report
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) 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:
- accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Geoffrey Frost BSc(Hons) FCA Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY
04 September 2025
Date