2023-12-31-accounts

Annual accounts 31/12/2024 report to the management committee

The Sean Edwards Foundation Regus, 239 Kensington High Street London W8 6SN

Please reply to Seraya

20/04/2026

Dear Board Members,

We are pleased to supply final copies of your accounts for the period ending as above. Please either print a copy, sign and date in black ink, and return to us by post or, email a signed pdf back to your Accountant. You should already have received our invoice for the work. Once we have confirmed receipt of your payment, we will then sign and return the final accounts to you.

On completion of the work we have the following recommendations, there are several important matters that must be addressed to ensure we can continue to prepare and examine your accounts in the future.

Firstly, the format and organisation of the financial records provided were not adequate. If records are submitted in a similar condition in future, we will unfortunately be unable to proceed with the preparation of your accounts.

To avoid this, we strongly recommend that you use our bookkeeping template, which is designed specifically for small groups and charities. This can be accessed here: https://www.caplus.org.uk/bookkeeping-template-for-small-groups

This template should be maintained regularly and kept up to date throughout the year.

In addition, all financial transactions must be converted into GBP (£) at the time of the transaction, using appropriate and accurate exchange rates.

We also note that we did not receive any AGM minutes. Please be aware that this is a requirement under the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008, and forms part of the Charity SORP requirements. AGM minutes are essential to evidence approval of the accounts and trustee decisions.

Furthermore, we require a copy of the Trust Deed. This is a key governing document and is required as part of our Letter of Engagement, which has been signed and agreed.

Community Accounting Plus Tel: [phone] Units 1 and 2 North West Fax: [phone] Talbot Street General email: [e-mail] Nottingham Payroll email: [e-mail] NG1 5GL www.caplus.org.uk

Community Accounting Plus is a registered Charitable Incorporated Organisation No 1080565 CA Plus gratefully acknowledges financial assistance from Nottinghamshire County Council

For clarity, under the terms of our engagement and relevant legislation, the trustees are responsible for:

Keeping proper accounting records in accordance with section 130 of the Act. Preparing financial statements (receipts and payments account, statement of assets and liabilities, and notes) in line with section 133 of the Act.

Preparing an annual report in accordance with section 162(1) of the Act and Regulation 40 of the 2008 Regulations.

Determining eligibility for:

Preparing accounts on a receipts and payments basis rather than accruals; and Independent examination instead of audit (sections 145 or 152).

Providing all necessary information and explanations required for the examination (Regulation 33).

Approving the annual report and accounts at a properly convened trustees’ meeting and recording this approval in the meeting minutes.

If you need further advice or explanations, please do not hesitate to contact us.

Finally, we would be most grateful if you could complete the enclosed monitoring and feedback form and return it to us, or complete the form electronically by clicking here

Yours faithfully,

Eva Stevens BSc CPFA

Community Accounting Plus

Monitoring & Feedback Form

It would greatly assist Community Accounting Plus both to monitor and improve its services if you would kindly complete this form and returning it by email to [e-mail]

Date Your name Your organisation name Name of CA Plus staff member you’ve been working with

Please circle below which CA Plus services you have used

Accounts	Bookkeeping	Payroll	QuickBooks support	Advice & training

How would you rate the quality of work undertaken by us?

	Excellent	Good	Neutral	Poor	N/a
Completing work in a timely manner
Responding to emails, calls & questions
Quality of explanations or advice given
Quality & accuracy of work completed

What one thing could we do to improve our services for you?

How likely are you to recommend us to a friend or colleague? Please circle below

0 1 2 3 4 5 6 7 8 9 10 Not at all likely Extremely likely Any other comments

Thank you

The Sean Edwards Foundation (Registered charity, number 1173947) Financial statements for the year ended 31 December 2023

Page	Contents
2 - 3	Trustees’ annual report
4	Independent examiner’s report
5	Receipts & payments account
6	Statement of assets & liabilities
7	Notes to the accounts

The Sean Edwards Foundation Trustees’ annual report for the year ended 31 December 2023

Full name The Sean Edwards Foundation

Other names by which the charity is known SEF

Organisation type Trust

Registered charity number 1173947

Principal address Regus, 239 Kensington High Street, London, W8 6SN

Trustees

Daphne Edwards James Littlejohn Oliver Bryant

Independent examiner

Eva Stevens, employee of Community Accounting Plus, Units 1 & 2 North West, 41 Talbot Street, Nottingham, NG1 5GL

Governance and management

The charity is operated under the rules of its trust deed adopted 20/07/2017.

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 experience or qualification (including those with none) in particular but not exclusively by (a) promoting 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.

Public benefit statement

The Trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit, 'Charities and Public Benefit'.

Summary of the main activities undertaken for the 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 personnel involved in Motorsport.

2

The Sean Edwards Foundation

Summary of the main achievements during the period

The Sean Edwards Foundation has successfully developed an online platform for the delivery of safety education on a worldwide basis.

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.

Signed on behalf of the charity’s trustees:

03-AUG-2026

Signed ______ Date _ Daphne Edwards, Trustee

3

Independent examiner’s report to the trustees of The Sean Edwards Foundation for the year ended 31 December 2023

I report to the trustees on my examination of the accounts of The Sean Edwards Foundation (the charity) for the year ended 31 December 2023.

Responsibilities and basis of report

As the trustees of the charity 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 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 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.

Signed ____ Date _______ Eva Stevens BSc, CPFA Employee of Community Accounting Plus

4

The Sean Edwards Foundation Receipts & payments account for the year ended 31 December 2023

2022 £ Receipts 8026 Sundry donations 8026 Total receipts Payments - Accountancy fees 8026 Advertising, marketing & professional fees - IT - Phone - Website - Patents 8026 Total payments - Net receipts/(payments) 10771 Cash funds at start of this period 10771 Cash funds at end of this period	2023 £ 52877
	52877
	2160 - 79 30 1379 49200
	52848
	29 10771
	10800

5

The Sean Edwards Foundation Statement of assets and liabilities at 31 December 2023

----- Start of picture text -----
2022 2023
£ Cash assets £
10771 Bank accounts 10800
10771 10800
Other monetary assets
- Prepayments - Website 247
- 247
Liabilities
-
Creditors - Accountancy fees 450
- 450
----- End of picture text -----

These financial statements are accepted on behalf of the charity by:

Signed _____ Date _____ 03-AUG-2026 Daphne Edwards, Trustee

6

The Sean Edwards Foundation Notes to the accounts for the year ended 31 December 2023

1. Receipts & payments accounts

Receipts and payments accounts contain a summary of money received and money spent during the period and a list of assets and liabilities at the end of the period. Usually, cash received and cash spent will include transactions through bank accounts and cash in hand.

2. Trustees’ remuneration

Trustees received no expenses, remuneration or benefits in this period.

3. Related party transactions

There were no related party transactions during the period.

4. Previous period comparison

The previous period’s figures have not been included for comparison because the layout used in the previous period was substantially different and does not lend itself to clear comparison.

5. Glossary of terms

Creditors: These are amounts owed by the charity, but not paid during the accounting period.

Prepayments: These are services that the charity has paid for in advance, but not used during the accounting period.

7

Annual accounts 31/12/2024 report to the management committee

The Sean Edwards Foundation Regus, 239 Kensington High Street London W8 6SN

Please reply to Seraya

20/04/2026

Dear Board Members,

We are pleased to supply final copies of your accounts for the period ending as above. Please either print a copy, sign and date in black ink, and return to us by post or, email a signed pdf back to your Accountant. You should already have received our invoice for the work. Once we have confirmed receipt of your payment, we will then sign and return the final accounts to you.

On completion of the work we have the following recommendations, there are several important matters that must be addressed to ensure we can continue to prepare and examine your accounts in the future.

Firstly, the format and organisation of the financial records provided were not adequate. If records are submitted in a similar condition in future, we will unfortunately be unable to proceed with the preparation of your accounts.

To avoid this, we strongly recommend that you use our bookkeeping template, which is designed specifically for small groups and charities. This can be accessed here: https://www.caplus.org.uk/bookkeeping-template-for-small-groups

This template should be maintained regularly and kept up to date throughout the year.

In addition, all financial transactions must be converted into GBP (£) at the time of the transaction, using appropriate and accurate exchange rates.

We also note that we did not receive any AGM minutes. Please be aware that this is a requirement under the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008, and forms part of the Charity SORP requirements. AGM minutes are essential to evidence approval of the accounts and trustee decisions.

Furthermore, we require a copy of the Trust Deed. This is a key governing document and is required as part of our Letter of Engagement, which has been signed and agreed.

Community Accounting Plus Tel: [phone] Units 1 and 2 North West Fax: [phone] Talbot Street General email: [e-mail] Nottingham Payroll email: [e-mail] NG1 5GL www.caplus.org.uk

Community Accounting Plus is a registered Charitable Incorporated Organisation No 1080565 CA Plus gratefully acknowledges financial assistance from Nottinghamshire County Council

For clarity, under the terms of our engagement and relevant legislation, the trustees are responsible for:

Keeping proper accounting records in accordance with section 130 of the Act. Preparing financial statements (receipts and payments account, statement of assets and liabilities, and notes) in line with section 133 of the Act.

Preparing an annual report in accordance with section 162(1) of the Act and Regulation 40 of the 2008 Regulations.

Determining eligibility for:

Preparing accounts on a receipts and payments basis rather than accruals; and Independent examination instead of audit (sections 145 or 152).

Providing all necessary information and explanations required for the examination (Regulation 33).

Approving the annual report and accounts at a properly convened trustees’ meeting and recording this approval in the meeting minutes.

If you need further advice or explanations, please do not hesitate to contact us.

Finally, we would be most grateful if you could complete the enclosed monitoring and feedback form and return it to us, or complete the form electronically by clicking here

Yours faithfully,

Eva Stevens BSc CPFA

Community Accounting Plus

Monitoring & Feedback Form

It would greatly assist Community Accounting Plus both to monitor and improve its services if you would kindly complete this form and returning it by email to [e-mail]

Date Your name Your organisation name Name of CA Plus staff member you’ve been working with

Please circle below which CA Plus services you have used

Accounts	Bookkeeping	Payroll	QuickBooks support	Advice & training

How would you rate the quality of work undertaken by us?

	Excellent	Good	Neutral	Poor	N/a
Completing work in a timely manner
Responding to emails, calls & questions
Quality of explanations or advice given
Quality & accuracy of work completed

What one thing could we do to improve our services for you?

How likely are you to recommend us to a friend or colleague? Please circle below

0 1 2 3 4 5 6 7 8 9 10 Not at all likely Extremely likely Any other comments

Thank you