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||||
||||||
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– 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:
1. 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