CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From 6th April 2023 5th April 2024 Charity name: THE RODDY SEGRAVE CHARITABLE FOUNDATION Charity registration number: 1188403 Objectives and Activities SORP r8fer8nc8 Summary of the purposes of the charity as set out in its governing document Para 1.17 To advance such charitable purposes {according to the law of England and Wales) as the trustees see fit from time to time and in particular by providing grants. Summary of the main activities in relation to those purposes for the public benefit, in particular, thé activities, projects or services identified in the accounts. Para 1.17 and 1.19 The charity's activities have been limited through the last financial year, as the administration of the estate of Roderick Segrave (one of the original two charity trustees) is still ongoing. The Trustees understand that the estate administration is expected to be concluded by approximately June 2025. Due to the complex nature of the estate, the executors are required to finalise the Inheritance Tax position with HMRC first, so the final timeline for completing the estate administration is dependent on HMRC'S response time. Once this has been agreed, the executors will be in a position to make a more significant distribution to the charity, as per the terms of the late Mr Segrave's Will. The administration of the estate has also been significantly delayed by the SRA'S intervention into Axiom Ince Limiled's practice (the law firm that was dealing with the administration of the estate). This step resulted in an unexpected need to change legal advisors. Once the legacy has been received, the Trustees intend to begin actively making grants for the public benefit as set out in its governing document. The Trustees have taken the view thal they will nol make any grants prior to receiving the legacy from Mr Segrave's estate, so as to maximise the investment potential of the Charity's current assets. Statement confirming whether the trustees have had regard lo the guidance issued by the Charity Commission on public benefit Para 1.18 The Trustees confirm that they are aware of the Charity Commission guidance on public benefit and referred to the guidance in planning for the future and setting the grant-making policy. Additional infomiation (optional You ma choose to include further statements where relevant about.. SORP reference Vvhilst the charity has been unable to make any grants during this period for the reasons detailed above, it is the Trustees hope that the charity will be able to begin making grants in the coming year. Psra 1.38 Policy on grant making The charity will make grants in accordance with its grant-making policy which has been established to achieve the charity's objects for the public benefit. Crucially, any organisation or charity to which a grant is to be made will be required to show.. 11 Financial transparency and accountability., 2) A track record of charitable efforts-, 3) Commitment to utilise a grant to its fullest and in line with its charitable purposes., 4) Strong leadership and good g0veMan￿., and 5) Efforts to benefit the general public. nla Para 1.38 Policy on social investment including program related investment nla Para 1.38 Contribution made by volunteers nla Other Achievements and Performance SORP reference Unfortunately, due to the unforeseen financial impact of Mr Segrave's death and the complexities arising from the ongoing administration of his estate (as detailed above), the charity has minimal financial assets until it receives the legacy left to it in Mr Segrave's Will. Consequently, it is too early to stale the main achievements of the charity or identify the impact of its work on either beneficiaries or wider society. Summary of the main achievements ofthe charity, identifying the difference the charity's work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. Para 1.20 Within the next financial year, the Trustees anticipate that the charity should receive a substantial part of the legacy due to it from Mr Segrave's estate. It can then begin making grants to organisations who advance a variety of charitable causes including, but not limited to, protection and preservation of the environment, the relief of those in need, specifically children and the blind, and maintaining pla￿$ and buildings of historical interest or natural beauty. In the upcoming year the charity hopes to provide a benefit to society as a whole via its support of a variety of charitable causes. It is intended that charitable organisations who are operating on limited budgets will be Ihe primary beneficiaries of the grants to ensure that the benefit enjoyed by the general public will be maximised and that causes that might olhenmise receive little support are able to continue and advance. All grants will be made in line with the charity's grant-making policy. Additional information (optional) You ma choose to include further statements where relevant about.. NIA Achievements against objectives set Para 1.41 On establishment of the charity, the Trustees experted that funds would be provided by a significant donor, the late Mr Segrave. Performance of fundraising activities against objectives set Following the subsequent death of the donor, the charity is waiting on the legacy from Mr Segrave's estate. Para 1.41 No other fundraising activities were intended or undertaken during this period. The charity's current funds are held in an Investec Investment Portfolio. During this period the investment portfolio produced dividend income lotalling £918.92 and interest of £664. This is in line with the charity's investment goals that were set for the period. The income levels are anticipated to increase significantly upon Investment performance against objectives Para 1.41 re￿Ipl and investment of the legacy due to the charity. Other Financial Review Review of the charity's financial position at the end of the period Para 1.21 The consolidated income of the charity in this period amounted to £1,583 The expenditure of the charity during this period amounted to £7,744. The charity's principal source of income during the period is income from dividends and interest. £1,583 is the total investment income received. This income is in line with the trustees, expectations for this period. At the end of the period a sum of £4,254 is held as cash funds in the Charity's Investec capital and CAF accounts. The rest of the Charity's asset portfolio is made up of the investments. The total market value of the Investec Investment Portfolio at the end of the period was £56,289. Statement explaining the policy for holding reserves stating why they are held Para 1.22 NIA Amount of reserves held Par8 1.22 £0 Reasons for holding zero reseNes Porn 1.22 Vvhilst the charity does not hold significant cash reserves, it does hold an investment portfolio valued at £56,280 net of cash. These assets are, if required at short notice and in an emergency, able to be sold and ash prO￿edS generated to meet unexpected charity liabilities. However, the trustees fully intend to carefully monitor the costs of the charity and seek to avoid such a situation arising. Details of fund materially in deficit Para 1.24 NIA Explanation of any uncertainties about the charity continuing as a going concem Para 1.23 There is no Un￿rtaintY about the charity continuing as a going concern. Additional information (optional You ma 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 Structure, Governance and Management Description of charity's trusts.. Type of governing document Para 1.25 CIO Foundation Constitution Ilrust deed, royal charter) How is the charity constituted? Para 1.25 cio le.g unincorporated agsociation, CIO) 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 Under Clause 10 of the charity's Constitution every trustee, apart from the first charity trustees, must be appointed by a resolution passed at a properly convened meeting of the charity trustees. Additional infonnation (optional You ma choose to include further statements where relevant about.. Under Clause 11 of the charily's Constitution the Trustees will make available to any new trustee, on or before his first appointment, a copy of the current version of the charity's Constitution and copy of the CIO'S latest Trustees, Annual Report and statement of accounts. Policies and procedures adopted for the induction and training of trustees Para 1.51 The charity had three trustees throughout this period, namely Matthew Biles, Timothy Raikes and Laurence Francis Segrave. The charity's organisational structure and any wider network with which the charity works Para 1.51 NIA Relationship with any related parties Para 1.51 other Reference and Administrative details Charity name The Roddy Segrave Charitable Foundation other name the charity uses Registered charity number 1188403 Charity's principal address clo Greenwoods Legal LLP Queens House 55-56 Lincoln's Inn Fields London WC2A 3LJ Names of the charity trustees who manage the charity Dates acted If not for whole ear Trustee name Office lif any) Name of person lor body) entltled toa oint trustee ifan Matthew David Biles Trustee Laurence Francis Segrave Timothy Raikes Trustee Trustee 10 12 13 14 15 16 17 18 19 20 Cor orate trustees- names of the directors at the date the re ortwasa roved Dir8ctor name Name of trustees holding title to property belonging to the charity Trustee name Date8 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 ofthe 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 advisèrs (Optional infom)ation) Type of Name Address adviser Legal Representstive Greenwoods Legal LLP Queens House, 55-56 Lincoln's Inn Fields, London WC2A 3LJ Name of chief executive or names of senior staff members {Optional infonnation) Exemptions from disclosure Reason for non-disclosure of ke ersonnel details Other o tional information Declarations The trustees doclare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Slgnaturn(s) Full name(s) Position (eg Secretary, Chalr, etc) Matthew Trustee Date IOIS I CHARITY COMMISSION | FOR ENGLAND AND WAIES Recei tsand ents accounts CC16a To Section A Receipts and payments Unrestricted Restricted End(fi￿lent Totsl fvnds Last y?ar A1 R•c• DNwJends recefvBd Sawn 919 J7 Bqnk nterost AR) 1JBJ 1.M3 s•• tsbl• . Sale 01 in¥*8trn 17 17 Sub lOthI 17, 17,$n 10.325 19.112 11,739 A3P• S