THE BLANCHE SARGEAUNT FOUNDATION
UNAUDITED FINANCIAL STATEMENTS
For the year ended 12 November 2022
Charity Number: 1165726

THE 8LANCHE SARGEAUNT FOUNDATION
TRUSTEES. REPORT
The Trustees present their annual report and financial statements of the charity for the year
ended 12 November 2022. The financial statements have been prepared in accordance with
the accounting policies Set out in note 110 the financial statements and comply with the
Charity's tnjst deed, the Charities Act 2011 and Accounting and Reporting by Charities..
Statement of Recommended Pra¢tice (second edition) and Financial Reporting Standard
FRS 102.
Structure, governance and management
The Foundation is a registered charity, number 165726, and was Created as a result of a
Deed of Variation to the wll of Blanche Sargeaunt dated 12 November 2015. The
Foundation does not actwely fundraise and seeks to continue the ¢haritable work desired by
the donor through the careful stewardship of its existing resources.
Trustees are appointed by the current Board of Trustees.
Reference and admlnlstratlve informatlon
Charlty number: 165726
Trustees
P D Eales
J Woodings
R H Anning
H J Mistry
Address
22 Norton Leys, Rugby, Warwickshire, CV22 5RJ
Bankers
Barclays Bank plc. Bishop Meadow Road, Loughborough, LE115RE
Accountants
Evolve Ac¢ounts and Business Advisors Limited, Unit 10 Phoenix Park. Way, Coalville,
LE67 3HB
Objectives and activlties for the public benefrt
The Foundation's objective is to provide financial assistance to those living in Leicestershire
and Warwickshire {or within a 10 mil& radius of those County boundaries) who are in need of
financial assistance to meet the cost of their home Care needs. The trustees confirm that
they have referred to the Charty Commission's guidance on public benefil when reviewing
the Foundation's aims and objectives, in planning future activities and settling the grant
making policy for the year.
The Foundation fijrthers its charitable purposes for the public benefit through its grant
making policy which aims at providing financial assi5tan¢e to those people in need of help to
meet the cost of their home care needs.
The Foundation was created as a result of a Deed of Variation to the will of Blanche
Sargeaunt dated 12 November 2015 and was registered by the Charity Commission on 24
February 2016.

THE BLANCHE SARGEAUNT FOUNDATION
TRUSTEES, REPORT (continued)
Grant maklng policy
The Foundation has established its grant making policy to achieve its objects for the public
benefit. The Foundation aims to provide finanGiaS assistance to those people in need of help
lo meet the cost of their home care needs.
Since its regislrafion as a Charty the Foundation has attempted to raise awareness within
the area in which rt operates of the availabilty of funds for grants via articles in local
newspapers and magazines.
Financial review
The Foundation's work is entirely reliant upon its endowment and income therefrom. Further
donations lot811ing £285,069 were received in the year and investment income received
amounted to £5,801.
Grants tolalling £140,543 were paid out to assist the recipients with the cost of their home
care needs.
The value of the investments had decreased by £60,001.
ReseNes
The trustees have determined that the appropriate level of free reserves which are not
invested in fixed asset investments should be the equivalent of a year's expenditure. As can
be seen from this year's accounts Ihe level of free reseNes being held is more than sufficient
to cover that. The Trustees are continuing to explore ways of utilising the excess free
reseNes within the Charity's objectives.
Plans for the future
The Foundation will continue to publicise its existence and make potential ber)eficiaries
awafe of the availability of funds.
Trustees, responsibilities in relatlon to the finan¢lal statements
The charity trustees are responsible for preparing a trustees, annual report and financial
statements in accordance with applicable law and United Kingdom Accounting Stsndards
(Untted Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the charity trustees to prepare
fi'nancial statements for each year which give a true and fair view of the state of affairs of the
charity and of the incoming resourtss and application of resources, of the charity for that
period.
In preparing the financial statements. the trustees are required to..
select suitable accounting policies and then apply them consistently..
• observe the methods and principles in the applicable Charities SORP.,
make judgements and estimates that are reasonable 2nd pnjdent.,

THE BLANCHE SARGEAUNT FOUNDATION
TRUSTEES, REPORT {contlnued}
Trusteeg, responsibilities in relation to the financial Statements Icontlnued)
state whether applicable accounting standards have been followed, subject lo any material
departures that must be disclosed and explained in the financial statements.,
prepare the financial statements on the going con￿rn basis unless 5t is inappropriate to
presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with
reasonable accuracy al any time the financial position of the charity and to enable them to
ensure that the financial statements comply with the Charities Act 2011. the applicable
Charities {Accounls and Reports) Regulations, and the provisions of the Trust deed. They
are also responsible for safeguarding the assets of Ihe charity and taking reasonable steps
for the prevention and detection of fraud and other ifregularities.
Approved by the trustees on 8 February 2023 and signed on their behalf by..
P D EALES
TRUSTEE

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE BLANCHE SARGEAUNT FOUNDATION
I report on the accounts of the charity for the year ended 12 November 2022, which are sel
out on pages 5 to 9.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's
trustees consider that an audit is not required for this year under section 144 of the Charities
Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility lo..
examine the accounts under section 145 of the Charities Act.
to follow the procedure5 laid down in the general Directions given by the Charrty
Commission under section 14515)Ib} of the Charities Act.. and
to state whether particular matters have come to my attention.
Basls of independent examiner's report
My examination was carried out in accordance with the general Directions given by the
Charity Commission. An examination includes a review of the accounting records kept by the
charity and a comparison of the accounts presented with those records. 11 also includes
consideration of any unusual items or disclosures in the accounts and seeking explanations
from you as trustees concerning any such matters. The procedures undertaken do not
provide all the evidence that would be required in an audit and consequently no opinion is
given as to whether the accounts present a 'true and fair view, and the report is limited to
those matters set out in the statement below.
Independent examlner's ststement
In connection with my examination, no matter ha5 come to my attention..
1)
which gives me reasonable cause to believe that in any material respect the
requirements..
to keep accounting records in accordance with section 130 of the Charities Act; and
to prepare accounts which accord with Ihe accounting records and comply with the
accounting requirements of the Charities Act
have nol been met,. or
to which, in my opinion, attention should be drawn in order to enable a proper
understanding of the accounts to be reached.
Mr J Nixon FCCA
Evolve Accountants and Buslnesg Advlsors Ltd
Unit 10 Phoenlx Park
Telford Way
Coalville
Leicestershir?
LE67 3HB
8 February 2023

THE BLANCHE SARGEAUNT FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 12 NOVEMBER 2022
Endowment
Funds
Total
Funds
20
Total
Fund$
2021
Note
Income and Endowments
Donations
Investment income
Total Income
285,069
5,801
290,870
285,069
5,801
290,870
150,000
6,467
156,487
Expenditure
Investment management costs
Charitable a¢tNities
Governance costs
Total Expenditure
4,630
167,609
624
172 863
4,630
167,609
624
172863
2,837
120,149
3,513
126,499
Net outgoings before
Iloss)Igain on investments
118,007
118.007
29,968
Nel (loss)Igain on investments
60.001
60,001
35,066
Net movement In funds
58,006
58,006
65.034
Total funds brought for•vard
292,269
292,269
227,235
Total funds carrled forward
350,275
350,275
292,269

THE BLANCHE SARGEAUNT FOUNDATION
BALANCE SHEET AS AT 12 NOVEMBER 2022
Endowment
Funds
Total
Funds
Total
Funds
Fixed asset investments
305,439
305,439
239,539
Current assets
Debtors
Bank
Woodgate Financial Planning Ltd account
9,340
21,073
15,047
45,460
9.340
21,073
15,047
45,460
8.552
35,105
9,673
53,330
Current liabS1itles
Creditors anij accruals
624
624
600
Net current assets
44,836
44,836
52,730
Net assets
350,275
350,275
292,269
The funds of the charity
Endowment funds
Expend8ble endowment
350 275
350,275
292.269
Total charlty funds
350,275
350,275
292 269
The notes on pages 7 10 9 form part of these accounts
Approved by the trustees on 8 February 2023 and signed on their behalf by..
P D EALES
TRUSTEE

THE BLANCHE SARGEAUNT FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
ACCOUNTING POLICIES
Basis of preparation and assessment of going eon¢ern
The financial statements have been prepared under the historical cost convention as
modified by the revaluation of investments and in accordance with the Charities Act 2011
and Accounting and Reporting by Charities.. Statement of Recommended Pracli¢e (second
edition) and Financial Reporting Standard FRS 102.
The Foundation constitutes a public benefit entity as defined by FRS 102.
The trustees consider that there are no material uncertainties about the Foundation's ability
to continue as a going concem. With respect to the next reporting period, 2022123, the most
significant areas of uncertainty that affect the carying value of assets held by the
Foundation are the level of investment retum and the performance of investment markets.
Funds structure
The Foundation has a single permanent endowment. The trustees have the discretion lo
apply the income and such parts of the capital as they think fit in meeting Ihe Foundation's
objeclives.
Income recognition
All income is recognised once the Foundation has entitlement to the income, it is probable
Ihal the income will be received and the amount of the income receivable can be measured
reliably.
Expenditure recognition
Liabilities are recognised as expenditure as soon as there is a legal or constructive
obligation committing the charity to that expenditure. it is probable that sewement will be
required and the amount of the obligation can be measured reliably.
All expenditure is accounted for on an a¢cruals basis.
Fixed asset investments
Investments are 8 form of basic financial instrument and are initially recognised al their
transaction value and subsequently measured al their fair value as at the balance sheet date
using the quoted market price. The statement of financial activities includes the net gains
and losses arising on revaluation and disposals during the year.
The main forni of financial risk faced by the Foundation is that of volatility in equity markets
and investment markets due to wider economic eondrtions, the attitude of investors to
investment risk, and Changes in *nliment concerning equities and within particular sectors
or sub sectors.

THE BLANCHE SARGEAUNT FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS {conllnuedl
Investment gains and losses
All gains and losses are taken lo the Statement of Financial Activities as they arise. Realised
gains and losses on investments are calculated as the differen￿ between sales proceeds
and their Opening carrying value or their purchase price if acquired during the year.
Unrealised gains and losses are calculated as the difference be￿een the fair value at the
year end and their carrying value. Realised and unrealised investment gains and losses are
combined in the Statement of Financial Activities.
TRUSTEES REMUNERATION AND EXPENSES
The trustees all give freely their time and expertise without any fomi of remuneration. No
expenses were paid to the trustees in the year.
INVESTMENT INCOME
2022
2021
Dividends received
Interest received
5,779
22
5,801
6,459
6,467
INVESTMENT MANAGEMENT COSTS
2022
2021
Investment management fees
4,630
2.837
CHARITABLE ACTIVITIES EXPENDITURE
2022
2021
Care costs
Publicity and website costs
140,543
27,066
167,609
109,895
10,254
120,149
GOVERNANCE EXPENDITURE
2022
2021
Accountancy fees
Legal fees
624
600
2,913
3,513
624

THE BLANCHE SARGEAUNT FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS IcontiTruedl
FIXED ASSET INVESTMENTS
2022
2021
Market value at 13 November 2021
Additions in year 21 cost
Disposals in year al carrying value
Net (loss)Igain on investment
Market value at 12 November 2022
239,539
159,143
(33,242)
160,001)
305,439
204,473
35,066
239,539