REGISTERED CHARITY NUMBER: 1175614
The Sawday Trust
Trustees’ Report and Unaudited Financial Statement for the Period Ended 31 December 2024
The Sawday Trust
Contents of the Accounts for the Period Ended 31 December 2024
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Statement of Financial Activities | 3 |
| Statement of Financial Position | 4 |
| Notes to the Financial Statements | 5 |
The Sawday Trust
Trustees’ Report for the Period Ended 31 December 2024
The trustees present their report with the accounts of the charity for the period ended 31 December 2024.
The Sawday Trust is a charitable incorporated trust, created by deed on 3 October 2017 and registered as a charity on 8 November 2017.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1175614
Principal office
Alastair Sawday Publishing Co. Ltd Merchants House, Wapping Road, Bristol, BS1 4RW
Trustees
Alastair Sawday Miriam Sawday (appointed 05/05/2025) Sibusiso Tshbalala (appointed 02/08/2024) Chloe Revill (resigned 29/04/2025) Tom Dixon (resigned 26/07/2024)
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Charity is governed by a trust deed dated 3 October 2017.
OBJECTIVES AND ACTIVITIES
Objectives and aims
Principle objective of the Charity, as defined in the trust deed, is “the protection and preservation of the physical and natural environment”.
Public benefit statement and financial review
The trustees have had regard to Charity Commission guidance on public benefit.
Along with some donations during prior years the trust received a dividend on shares which it owns in Alastair Sawday Publishing Co Ltd which it intends to apply in future periods in line with the objectives set out above.
No benefits were provided to any of the Trustees or people connected to them.
Investment policy and objectives
The only asset which the trust currently owns is a share holding in Alastair Sawday Publishing Co. Ltd, representing 24% of the issued equity.
Reserves policy
The amount of build-up of reserves is reviewed as part of the annual planning process. the Trustees have decided against building a reserve for this financial year and instead agreed to spend within budget until more funds become available.
1
The Sawday Trust
Trustees’ Report for the Period Ended 31 December 2024
Statement of trustees’ responsibilities
Law applicable to charities in England & Wales requires the trustees to prepare a financial statement for each financial period which give a true and fair view of the charity’s financial activities during the period and of its financial position at the end of the period. In preparing financial statements giving a true and fair view, the Trustees should follow best practice and:
-
select suitable accounting policies and then apply them consistently.
-
observe the methods and principals in the Charities SORP.
-
make judgements and estimates that are reasonable and prudent.
-
state whether applicable UK Accounting Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements.
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
ON BEHALF OF THE BOARD :
G R Sawday
Alastair Sawday – Trustee Date: 24.10.2025
2
The Sawday Trust
Statement of Financial Activities for the Period Ended 31 December 2024
| INCOME Investment income Dividends Interest TOTAL INCOME EXPENDITURE Charitable activities Accountancy Donations paid Legal and professional TOTAL EXPENDITURE NET INCOME/ (EXPENDITURE) Unrestricted Reserves at 1 January 2024 Unrestricted Reserves at 31 December 2024 |
Unrestricted Funds 2024 £ 19,124 429 19,553 (615) (6,560) (1,622) (8,797) 10,756 223,431 234,187 |
Unrestricted Funds 2023 £ 32,734 399 |
|---|---|---|
| 33,133 (2,055) (26,000) (1,735) |
||
| (29,790) | ||
| 3,343 220,088 |
||
| 223,431 |
The notes form part of these accounts
3
The Sawday Trust (1175614)
Statement of Financial Position At 31 December 2024
| INVESTMENTS Shares in unquoted company CURRENT ASSETS Bank account LIABILITIES Accrual for accountancy fees NET ASSETS RESERVES - unrestricted |
2024 Unrestricted Funds £ 208,000 26,907 (720) 234,187 234,187 |
2023 Unrestricted Funds £ 208,000 |
|---|---|---|
| 17,156 | ||
| (1,725) | ||
| 223,431 | ||
| 223,431 |
The financial statements were approved by the Board of Trustees, and authorised for issue, on and were signed on its behalf by:
G R Sawday
Alastair Sawday – Trustee
The notes form part of these accounts
4
The Sawday Trust
Notes to the Financial Statements for the Period Ended 31 December 2024
1. TRUSTEES' REMUNERATION, BENEFITS AND OTHER TRANSACTIONS.
There was no trustees’ remuneration or other benefits provided in the period ended 31 December 2024.
There were no trustees’ expenses paid for the period ended 31 December 2024.
There were no trustees’ donations made for the period ended 31 December 2024.
The notes form part of these accounts
5