Trustees' Annual Report for the period
Period start date Period end date 01 01 2021 31 12 2021
From To
Section A Reference and administration details
Charity name THE SEAN EDWARDS FOUNDATION Other names charity is known by Registered charity number (if any) 1173947 Charity's principal address Regus 239 Kensington High Street LONDON Postcode W8 6SN
Names of the charity trustees who manage the charity
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Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
1 OLIVER BRYANT
JAMES
2 ALEXANDER
LITTLEJOHN
DAPHNE DAPHNE CAROLINE
3 CAROLINE EDWARDS
EDWARDS
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
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Names of the trustees for the charity, if any, (for example, any custodian trustees)
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Name Dates acted if not for whole year
None
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Names and addresses of advisers (Optional information)
| Type of adviser | Name | Address |
|---|---|---|
| Name of chief executive or names of senior staff members (Optional information) |
Section B Structure, governance and management
Description of the charity’s trusts
Type of governing document
Trust Deed
- (eg. trust deed, constitution)
How the charity is constituted
Trust
- (eg. trust, association, company)
Appointed by DAPHNE CAROLINE EDWARDS Trustee selection methods
- (eg. appointed by, elected by)
Additional governance issues (Optional information)
You may choose to include additional information, where relevant, about:
-
policies and procedures adopted for the induction and training of trustees;
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the charity’s organisational structure and any wider network with which the charity works;
-
relationship with any related parties;
-
trustees’ consideration of major risks and the system and procedures to manage them.
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Section C Objectives and activities
FOR THE PUBLIC BENEFIT, THE ADVANCEMENT OF HEALTH AND SAVING OF LIVES BY: (1) PROMOTING THE SAFETY OF MEMBERS OF THE PUBLIC SPECTATING AT OR PARTICIPATING IN MOTOR SPORT OF ANY TYPE AT ANY AND ALL LEVELS OF DRIVER Summary of the objects of the EXPERIENCE OR QUALIFICATION (INCLUDING THOSE WITH NONE) charity set out in its IN PARTICULAR BUT NOT EXCLUSIVELY BY (A) PROMOTING governing document MOTOR SPORT SAFETY EDUCATION AND TESTING TO MEMBERS OF THE PUBLIC DRIVING AT PUBLIC RACING CIRCUITS THROUGHOUT THE WORLD AND (B) PROMOTING IMPROVED SAFETY STANDARDS FOR PUBLIC RACING CIRCUITS THROUGHOUT THE WORLD
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Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)
The Sean Edwards Foundation has established SET (The Sean Edwards Test) for safety given to professional and amateur racing drivers prior to competing in order to access their understanding of the rules and regulations of a Championship. SET was introduced in 2015 and has been developed, adopted and mandated by many Championships around the world including British GT, Blancpain, International GT Challenge series, MSVR's LMP3 Cup and GT cup, BRDC F3 and more. SEf is committed to mandating this test and educational programs on a worldwide basis over the coming years. SEF is working on testing for all personal involved in Motorsport.
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Additional details of objectives and activities (Optional information)
You may choose to include further statements, where relevant, about:
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policy on grantmaking;
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policy programme related investment;
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contribution made by volunteers.
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Section D Achievements and performance The Sean Edwards Foundation has successfully developed an online Summary of the main platform for the delivery of safety education on a worldwide basis. achievements of the charity during the year
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Section E Financial review
Brief statement of the charity’s policy on reserves
The trustees regularly review the amount of reserves that are required to ensure that they are adequate to fulfil our continuing obligations. Such reviews are carried out on a quarterly basis.
Details of any funds materially in deficit
- Not applicable.
Further financial review details (Optional information)
You may choose to include additional information, where relevant about:
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the charity’s principal sources of funds (including any fundraising);
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how expenditure has supported the key objectives of the charity;
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investment policy and objectives including any ethical investment policy adopted.
Section F Other optional information
Section G Declaration
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Full name(s) Daphne Edwards Position (eg Secretary, Chair, Trustee etc) Date 20/06/2023
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THE SEAN EDWARDS FOUNDATION 1173947
Receipts and payments accounts CC16a
For the period Period start date Period end date
To
from 01-Jan-21 31-Dec-21
Section A Receipts and payments
Unrestricted Restricted Endowment
Total funds Last year
funds funds funds
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
Donations and legacies 30,230 - - 30,230 9,305
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total (Gross income for
AR) [ 30,230 ] - - 30,230 9,305
A2 Asset and investment sales,
(see table).
- - - -
- - - - -
Sub total - - - - -
Total receipts 30,230 - - 30,230 9,305
A3 Payments
Advertising, marketing and professional 30,230 - - 30,230 9,305
Database development costs - - - -
Fundraising costs - - -
Incurred seeking donations - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total [ 30,230 ] - - 30,230 9,305
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total [ - ] - - - -
Total payments 30,230 - - 30,230 9,305
- - - - -
Net of receipts/(payments)
A5 Transfers between funds - - - - -
A6 Cash funds last year end - - - - -
- - - - -
Cash funds this year end
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CCXX R1 accounts (SS)
18/06/2023
1
| Section B Statement of assets and liabilities at | Section B Statement of assets and liabilities at | the end of the period | |
|---|---|---|---|
| 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 None Details Details None Cash at bank Details Details Total cash funds (agree balances with receipts and payments account(s)) None Details None |
Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - 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 Daphne Edwards |
Endowment funds to nearest £ - - - |
| - | |||
| OK | |||
| Endowment funds to nearest £ - - - - - - Current value (optional) - - - - - Current value (optional) - - - - - - - - - When due (optional) Date of approval 20/06/2023 |
CCXX R2 accounts (SS)
18/06/2023
2
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ THE SEAN EDWARDS FOUNDATION members of On accounts for the year 31 December 2021 Charity no 1173947 ended (if any) Set out on pages 1 to 2
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/12/2021.
Responsibilities and As the charity trustees, you are responsible for the preparation of the basis of report accounts in accordance with the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 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 which gives me cause to believe that in, any material respect,:
-
the accounting records were not kept in accordance with section 130 of the Act; or
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the accounts did not accord with the accounting records; or
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the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
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.
Date: 20/06/2023
Signed: Name: H Mahmood Relevant professional Chartered Institute of Management Accountants (CIMA) qualification(s) or body (if any): 76a Elsham Road Address: London
1
October 2018
IER
W14 8HH
Section B Disclosure
Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here details of any items that the examiner wishes to disclose .
None.
2
October 2018
IER