Charity tsglstration numb•r1200298 {England and Wolegl
THE SEEDKEEP FOUNDATION
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

THE SEEDKEEP FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mrs K M Harpin
Mr T H Harpln
Miss J K Harpin
Mrw O Harpln
(Appoinlod 28 July 20231
Charlty number
1200298
Reglstered offlce
Elon House
89 Slalion Parade
Harrogala
North Yorkshire
HG11HF
Auditor
Haigh & Co
Grange Cottage
)mersley
Doncaster
DN6 9BW
Bankers
National Westminster Bank plc
250 Bishopsgale
Lond¢)n
EC2M 4A4
Sollcitors
R8WOrth8 Solicitors
Eton House
89 Station Parade
HarTogate
North Yorkshire
HG1 1HF
Inve8tment advlsor8
LGT Wealth Management
14 Comhill
London
EC3V 3NR
Website
vNM.seedkeepfoundation.co.uk

THE SEEDKEEP FOUNDATION
CONTENTS
Page
Trustees, report
Statement of Iru$tees' r•spon￿bIlit￿•8
Independent awjitofs ￿port
Statement of financial ar11￿be$
Balance sheet
10
Slatemerrt of cash flows
11
Notès to the finandal ststements
12-19

THE SEEDKEEP FOUNDATION
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The trustees pr8s8nl their report along wtth the audited financial statements of The S88dk8ep Foundation fthe
Foundation I for the year ended 31 Marth 2024.
The trustees confimi that the trustees, report and finandal statements ol the Foundation comply wtth the ￿rI￿nI
stalulory requirements. The financaal stslamants have been prepared in atxordan¢e with the Stslemenl of
Recornmended praCt￿e.. Accounting and Report by Chartties preparing their accounts in acoordance with the
Financial Reporting Stsndard applicable in the UK and Republic ol Ireland IFRS 1021 issued on 16 July 2014 and
the Charrttes Act 2011 and UK Generally A(xepled PractKe as11 applies from 1 January 2021.
Objeetlvu and activities for the publ1¢ benefft
Tha Foundation was established by trust deed dated l June 2022 by Katharine Margaret Harpin. The Foundati
was registe￿d with the Charrty Commission on 7 September 2022.
The Foundation was 8Stablished lo a(fvancÈ such charitable purposes for the public benefit laccording lo the law of
England and Walesl as the trustees shall see fit from time to Ilme. The trustees. current focus is lo support charities
and organisations whose aims are around education for disadvantsyed childrèn and ycNJng people and care and
support lor pre-school families in the Yorkshire region.
The Iruslees do this by maklng grants. The truslees will ￿nsider applicAtions for grants whith are in accordance
with Ihe above obje¢Xs and focus and are made from charttable organisaliorls based in England and Wales.
Requests from nallonal organisalions will also be eonsidered If they are relevant to the Foundation's oblednies and
benefit the Yorkshire'regior). The trustees ￿ns￿ler that this gec¥JNphi¢81 restrIct￿n is reasonable.
The Intslees. short term aim is to provide flnanclal support to other charitable org8nisations, whose airns are in lin&
th the Foundation's obl9rt1vgs. lo enabSe those other Charitable organisations lo achieve their own objectives.
The Ifusle8s' long term aim is lo maintain total funds in line wth Inflation or obove which will gen8rate investment
income to fvnd future grant making.
In thi5 current financaal year, the trustees have continued lo focus on investTng th8 trust fvnd so il effe¢hvely
produces income to allow the Foundation to rnake gr8nls18ter in 2024. The trustees have also ensured thèir poll(a98
and procedures are established to allow the Foundation to be run effeotively and efficiently.
Thè trnstags confimi that in accordance with section 17 of the Charlties Act 2011, they have referred lo the Charity
Comrnission's general guvj2n￿ on public banèffil when reviewing thé Foundation's aims and objeclives 8nd in
anning their ftjlure grant maknng activities.
Achievoments and pgrformance
On 28 July 2023 William Harpin was appointed as a lyuslee, alongsido the exisltng trustees.
Thi5 financial year, no grants ware made. A5 Mentior￿ atr￿ve thls ss because the trusl88s have LxJntinu8d to focus
on establishing the Foundation. Thus involvèd continuing Its invest the trust fund proceeds and ￿Su￿ng sufficient
polioes and procedurès ore in place lo run the Foundation eftctively and efficiently.
The trustees have considered all grant applications received which are in line wlth their obiectives during this
rinanclal year and have made fijrther enquiries regardlng a couplg of these applications.
This conllnued establishrnent of investments, policies and pr￿d￿reS is inten(led lo S￿n￿ the FOundat￿n in good
stead for the future, Tho Irusleg$ plan lo start making grants from 2024125.

THE SEEDKEEP FOUNDATION
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Financial review
The trustees, main priortty this financial year was to invest tho trust fund in an investment portfolio.
Al the end ofthe finan￿al year £11,026.138.51 was held by LGT Weafth ManagemenL
The trust80s have cOn￿dered the risks assoualed with the investrnent portlolio and aim lo'mainiain an appropriate
mix of inveslrnenls in order lo ￿aliSe 1he loNJ temi aim. The key risks identified are adverse market conditions
whic* c4Juld cause the inve51rnenl portfolio to fall whi(* would d￿rease Ihe amount of income availab￿ lor
distribution. These risks are cAJnsidered al investment rewews and each trustee meeting.
By January 2024 the tTUSt ffijnd was entirdy invested folfving tranthe investments over the previous year. Wrthin
the finanoal year 2024125. the twslees will be able lo assess and revlew the Inv8stsnenl perfcKmarTh.
R•soms policy
All of the ftjnds held by the Foundation are unreslrlcted. These funds are intended lo pwde an annual income lo
support activitias ond administraiion costs.
Undèr the trust deed the trustees have th8 power lo e8tabllsh ftjnds for particular purposes or lo maintain reserves.
As explained, the Iruslee$ a￿ in the process of building out the Foundation's grant progr8mme and are targeting a
fulure annual grant expenditur8 of up lo £300,(XJO per annum. To meat arising grant commitments and op8raling
fxpenditure. the trustees will ensure there is ahvays £25,000 of cash availablo within th8ir inveslmenl portfolto to
rneet short-notice expènditures.
Plans for future perfods
For the year 2024125 the trustees inlgnd to start maknng grants to c*arilie5 and organisatr>ns whose aims are
around education for disadvantaged ¢hIld￿Tr and young people and care and support for pr&5chool families in Ihe
Yorkshire region. During 2023124 the trustees have stsrted lo c￿nSIder which charities and organisauons thfy
Foundation wuld b8nefrt going forward5.
The trustees are also looking lo Strengthen their poli￿$ and procedures during 2024r25, by formalisiThJ additional
polioes ￿latIng lo risk m8nagam•nt and serious incident reporting.
The trustees are satisfied that through Ihe ongolng Investment of the trust fund, they will receive suffiuent income to
enable the Foundation to meet its objectives.
Structure, governance and manag•m•nt
The Foundation is a charitable trust.
The power of appointing tru$lees is set out in dau5e 8 of the trust deed and vests with tha trustees.
The trustees are urKlenaking appropriate Iraining aThJ advice from Raworths LLP in relation to being tharilable
trustees.
I trustee5 give their time freely and no trustee remuneration was pa*J in th8 curr8nl period, to any Iruslee or
anyone connected with them.
Decisions are made by th8 trust88S Wth r8gard5 to grant making other aroas. the consent of all tru$lee8 81
meètings.
The trus*ee5 meet at least twice a y¥ar to agree Ihe aclivities for the FoLtndatOon. Includiw grant making and
irwestment.
Investmènt powers are govemed ty the Irust deed which permits funds to be invèsted in any manner. Given
the value of the fund and being mindful of costs, the Irusl99s fgel that one investment admsor is suffiaent to
manage a diversffied portfolio on 8 dis¢reb"onary basis. The brief to the adwsor slates that they should select
balanced investment retum from incomè and capltal. The trustees monitor and review thèir invesknent poll￿ on an
annual basis.

THE SEEDKEEP FOUNDATION
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
The tfustees who served during Ihe year and up lo the date ofsignalure of th8 finanual slalements were..
Mrs K M Harpin
Mr T H Harpin
Miss J K Harpin
Mr WD Harsin
IApp)inled 28 Juty 20231
The Iruslees. report was approved by the 8oard of TnJste8s.
Mrs K M Harpin
Trusts•
Date..

THE SEEDKEEP FOUNDATION
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2024
The tN$lees ale respwsiwe for preparing the Trustees. Rewt and the flnandal statements in accordance with
applicable law and United Kingdom Accounting Stsndards Iuniled lQngdom Gerneral￿ Actspted A￿U￿ting
Practs"cel.
The law applicable to charibes in EnglarKI and Wal89 requlr&s the trustees lo preparo financial slalemenls for each
finanaal year which gwe a true and fair view of the stale of affairs of the charity and of thè incoming resources and
applicatKJn of resourrES of the charity for thai year.
In preparir•J these finanual slatemenls, the tnjstees are required lo..
select suitable accountlng policies and then appty Ihern consistendy.,
- observe the methods and principles in the Chaiities SORP."
make judgements and estimates Ihat are reasonable and prudent..
slate whether ap￿1¢ab￿ accounting standards have been followed, subied lo any malwid dgpartures disclosed
and explained in the finanaal statements". and
- prepare the financial statements on the going COn￿M basis unless it is inappyopriate lo presume that the charity
will continue in operation.
The trustees are responsible for keewng sufflclenl accounting Tecords that disdose witt? reasonable accuraw at any
lime the finanaal p0s￿On of the ¢harily and enable Ihern lo ensure that the financial slalements compty with th8
Charities Act 2011, the Charity IA¢counls and R8POrtsl Regulations 2C(J8 and the provistons of the trust deed. They
are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the
p￿VentIon and d81gcbon of Iraud and other irregularities.

THE SEEDKEEP FOUNDATION
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF THE SEEDKEEP FOUNDATION
Opinit)n
We have audited the finanoal statements ctf The Seedkeep Foundation Ilhe 'charity'l for the year ended 31 March
2024 whi¢h comprTrse the slalemenl of financial activities, thè balance sheet. thè slatemènl of cash flows and notes
lo the ffinancial ststemenls, including swJnificanl a￿untIng pollcles. The financial reporting framework that has been
applied in Ihgir preparation is applicable law and United Kingdom AccDunling Standards, including Financial
Reporting Standard 102 The Finan￿81 Reporting Standenl applicable in Ihe UK and Republic of I￿land (United
Kingdom GenerallyAccepled Accounting Piacticel.
In our opinion, the financial statements..
gwe 8 true and fair view of the slate of the chartty's affairs a$ al 31 March 2024 and of ils incoming resources
and applieation of resources, for the year then ended.,
hav8 beèn properfy pr8parad in accordancé with United ￿ngdorn Gener81ty Attepled Accounting Pracbt2',
and
have been p￿Pared in aC￿rdanCe with the Charities Act 2011.
Basls lor oplnlon
We conducted our audit in accordance wlh Intemational Stsndards on Auditing {UKI IISAS IUKI) and applicable
law. Our responsibilities under those standards are further described in the Audilorfs ￿sponsibl11[Aes br the audit ol
rh8 finan￿81 stalem8nts section of our report. W@ are independent of the charrty in acLY)rdan¢e with the ethical
fequiremenls that S￿ relevant lo our audit of the finandal slalements in the UK, induding the FRC'S Ethical
Standard, and we have fulfilled our other ethical responsibilities in accorilance with these requirements. We believe
that the audit evidence we have obtained is suffiaenl and appropriate lo provide a basis for our opinion.
Conclu¥ioM relating tts going concern
In 3LJditing tt)è financial statèmènts, we have conduded that the trvslee$' use of the going cotKern basis of
aLwuntsng in the prepaialion of the finan(ial slalements is appropriate.
Based on the work we have perforrned, we have ntsl idenlrfjed any material uncertainties ralaling lo events or
c￿nd￿On$ that. indmdually or collectively. may cast significant doubt on the chaTity'5 abilty lo Continue as a going
¢￿C£M for a period of at le8st ￿e1ve months from when the financaal stalemenls are authorised for issue.
Our responsibililies and the reswnsibiliiios of the Irustees respect to going concem are described in the
rel&vanl 88Ctions of thi8 report.
Othèr infoThation
The other information cornprises the informalron induded in the annual ￿port other than the financlal ststements
and our audito¢s report thereon. The trustees aTe iesponsible for the other Information contained within the annual
report. Our oplnlon on the finandal slalern9nts does not Gover the other information and wo do not expr8ss any form
of assurance conclusion tt)ereon. Our ￿Spon￿bIlIty is to read the other inforn)alion and. Sn doing so, consider
hèther the other infomalion is materially ino)nsislent w￿h the financial stslèments or our knowledge oblaingd in
the o)urse of the audil, or othe￿ise appears lo be materially misstated. If wè idantify such material inconsislen¢ies
or apparent material misstatements, we are required lo determlne whether this gives rise lo a material misstalemenl
in the financial statements themselves. If, based on the work we have performed, we condudo Ihat there is
rnaterial misstatgmant of this other information, we are required to report that fad_
We have nolhing to roport in this regard.
Matters on whlch we gr* roqulrgd to report by excopdon
We hav8 nothing lo report in respect of the following matters in rèlation lo whic* the Charitles IAco)unts and
Reports) Rg9uL4lions 2008 requires us lo rgport lo you rf. In our opinion..
the infomiation given in the finan￿81 statements is inconsi51enl in any material respect with Ihe trustees,
report., or
sufficient accouniing records have not been kepl-, or
the financial statements are not in agreement with the a¢r￿untIng records., or
we have not receiv8d all the infomiation and explanations we require fw our audrt.

THE SEEDKEEP FOUNDATION
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF THE SEEDKEEP FOUNDATION
Rgsponslblllllgs of tru$tges
A5 explained more fully in the slalemenl of truste￿, responsibilities, the Iruslees 8re responsible fgr the preparation
of th8 financial slalemenls and lor being satisfied that they give a true and fail view, and for such intemal control as
the Iruslees delermlne Is neTrssary lo enable the preparation of finanaal statements that are free from rnalerial
misstatement, whether due to fraud oi efror. In preparing the financial staternenls. the Iwsleès are T&sponsible for
assèssing the ¢hariVs ability lo ¢onlinue as a gtiing ¢on¢eTn, discjosing. as applieable. matters related ID going
concEm and using the going Con￿rn basis of ac(xiurrting unless the trustees either intend to cease operations, or
have no ￿allS￿¢ altemalive but lo do so.
Auditorfs r•$pon$ibiliti•s forthe audit of the financial $tatemtnts
We have been appointed as auditor under sectlon 144 of the Chaiitbes Act 2011 and rap)rt in accordanoe ￿th the
Act and relevant regulations made or having effect Ihereunder.
Our objectives aTe to obtain reasonable assurance about whether the financial statements as a whole are free frorn
material misslalement, whether due to fraud or error, and to issue an auditorfs report that indudes our opinitin.
Reasonable assurance is a hlgh level of assurance bul Ss not a guarantee that an audit conducled in accordance
with ISAS IUKI will afways delecl a material misst8lemenl when il exists. Misstslements can arise from fraud or
error and a￿ consldered matsrial rf, indivbdually or in the aggregate, thèy could reasonably be expected lo influence
the ￿naMiC dea6ions of users taken on Ihe basis ofthese financial statements.
Irwul8rities. induding fraud. are instances of n0n-compf1an￿ wllh laws and re9ulatlons. We design procedures in
line with our re6pon5ibilitses. ouuined above, to dele¢l malerial misstatements in re$pgGt of irregulartlies including
fraud.
The risk of nol deleth'ng a malerid mlsslatement due lo fraud is higher than the risk of not delecthng one resulting
from error. a5 fraud may involve deliberate cOn￿alment by, for example, forgery or interrtional misrepresentations or
through collusion.
By fowsing on material amounts and disdosures and using a risk-based approach, we have a reasonable chance
of dele¢ting material rnisststemenls due lo irregularitie5 induding fraud. However, due lo the sampling m$lhod of
t6sling. as allowed by audtbng standards, we cannot guaranteè that, if such irregularities, indudlng fraud are
present wsthin the tharity'5 financial system, our audit will delect all olthem.
Robust internal controls operated by the charty can incTease the detection of suth irregularities, but this is not
ah¥ays present in small to medium siz8d charrb8s.

THE SEEDKEEP FOUNDATION
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF THE SEEDKEEP FOUNDATION
Our approach was as follows=
We obtained an undèrstanding of the legal and regulatory framewortfs that are applicable to the charity and
determined 1hat the most signrfi¢ant are those that relate lo the reporting frarnework {FRS 102 and Ihe Charities Act
2011}. We comrnun￿ated the Klenlified law$ and regula1￿?nS thI￿ghOul our team and remained alert to any
indications of non-compliance throughout the audit.
Audit procedures perfornied by the ￿gagement team lo detect iffegularittes. induding fraud from instanees of non-
compliance with laws and reguk8llons included..
Di$￿$s1on5 wth managernenl, induding consideration of known or suspected instances of non-CA)m￿lanCe
with laws and regulations.
Challenging assumptions and judgements rnade by m8nagemonl in its significant a¢wunting estimates that
involved making assumptk)ns.
Testing any transa¢tions entered Ihat are outside of the normal course of Ihe charty's aflairs.
Reviewing recent cx)riespondencè with tha charity's legal advisfX$ lo ensur8 that it aligns wlh any
¢onclusions drawn in respect of any outstanding or uncertain legal matters.
However, the primary responsibility for the prevention and deleiAion of fraud still rests with both those charged wth
governance of the entity and the managem&nt team.
A lurther dgsGriplion of our responsrbililies is available on the Financial Replxting Counal's website 81: hty)¥.11
w*￿.frc.orY.UkI8uditOrsr6sponslb1lI1les. This de￿￿pb-on fomis part of our auditors report.
Oth•r mattg
Your attention is drawn to the fact thaf the charity has prèpared financi9151atemenl$ in accordan￿ wlh"Ac¢ountiTh3
and Fleporting by Charities.. Statement of Re￿mmended Pradice applicable to ch8nb"e$ preparing their acLounts in
accordance woth the Finanaal Reporhng Standard applicable In the UK and Republic of Ireland IFRS 102>" las
amended) in preference lo theAc¢ounling and Reporting by Charities: Statamont of Recommended Practice issued
on 1 April 2005 which is referred lo in the èxtant ¥egulalions bul has now beèn withdrawn.
Thls has bggn done.in otder for the finantial $talem8nts to provide a true and tsir view in a(£ordance with ¢uffent
Ge￿I811Y Ac¢ept8dAcc¢)untin9 Practice.
Lkn ofour rnport
Thi5 report is made sdgly lo the Charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounls
and Reports) Regulations 2(Q8. Our audii work has been undertaken so that we might slate to the charity's trus18es
those matters we are required lo slate to 1hem in an auditor's report and for no othe¥ purpose. To the fullest extent
rrntited by law, we
o not accept or assume responsibility to anyme other Ihan the tharity and the charity's
tnjslees as a b1￿y, I
audit work, for this rep)rt, or for the opinions wè have fomied.
W M Halyh Iswlor
tatutory Audito¥>
For 8nd on behalf of Haigh & Co, SlaluloryAuditor
Chartered Certified AC￿ntants
Grange Cottage
Womersley
Doncaster
DN6 9B
Dale.,

THE SEEDKEEP FOUNDATION
INDEPENDENT AUOITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF THE SEEDKEEP FOUNDATION
Halgh & Co Is eligibk for apwinlment as auditor of the charty by virtue of ils eligitrj'lty for apw4ntment as audllor of
a company under se¢Xion 1212 of the Companies Act 20C6.

THE SEEDKEEP FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 hlARCH 2024
UnTestri¢ted Unr•8tiict8d
funds
funds
2024
2023
N¢)tes
In¢omè from:
Donations and18gacios
Inveslmenls
9.899.9
81,356
3W.277
Total incomg
360,277
9,981.352
Expgndlturo on:
Raising funds
Charital￿e activities
31,294
18,850
1,489
19,115
Total •xp•nditur•
50,144
20,804
Nel gainslllosses) on investments
10
715,084
29.224
Net income and movement In funds
1,025,217
9.989,972
R•eonclllalon of ￿nds.
Fund balancès at 1 April 2023
9.989.972
Fund balanc•s •t 31 March 2024
11,015.189
9,989.972
The statement of finanaal adivibes includes all gairts losses recognised in Ihe year. All In￿Me and expenditure
derive from continving acti￿lIes.

THE SEEDKEEP FOUNDATION
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Notss
Fixed assets
Inve51rnents
12
11,026.139
9,972,310
Current assets
Debtois
Cosh at bank and in hand
13
40.250
4,255
4,255
40,250
Creditord: amounts falling du• within
one year
14
115,2051
{22.5881
N•1 Gurrent lllablllt1￿1l•wjfjts
(10,950
17,862
T¢)tal a88ets lesB current Ilabllltles
11,015,189
9,989,972
Th• funds of th• char
Unreslrided funds
16
11,015,189
9.989.972
11,015,189
9.989.972
The finanaal statemen15 were approved by the Iruslees on.
l?,.01..U).I
Mrs K M Ha￿n
Trustee
-10-

THE SEEDKEEP FOUNDATION
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AIARCH 2024
2024
2023
Not•s
C￿￿ flows from opfrrating •¢livlUgs
Cash labsortjed byllgenerated from
OP8rations
18
11727n
9,861.730
InvgsIFng activities
Purchase of investments
Proceeds from disposal ol inv8slrnonts
Investment inrL)me rece
111.197.657)
10,858.912
360,277
122,443.082)
12.499.9
81.356
Ngt cash generated fromflused Inl In¥￿tIng
tlvml
21.532
19,861.7301
Net u$h goneratsd fmm flnanclng actfviti•s
Net Incrnase in cash and cash oquSvalents
4.255
Cash and cash equivalents at begSnnSng of year
Cash and ¢ash ￿Ul¥alerts at énd of year
4.255
11

THE SEEDKEEP FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
Charity informatlon
Tha S8adkeep Foundation is a charitable trust registered in England and Wates. The Gharity ￿gISter2d with
the Charity Commission LN) the 7th of September 2022.
1.1 A¢¢ountlng convwrfion
The financial slalements have beèn prepared in accordan￿ with Ihe charty's goveming dwment. the
Charitre5 Act 2011, FRS 102 The F￿an￿al Rèporung Standard applicable In the UK and Rapublic of Ireland"
I°FRS 102) and the Charities SORP 'Accounting and Reporting by Ch3rities'. Statement of R¢o)rnmènded
Practice applicable lo char￿aS preparing their a￿ountS in accordance wr(h the Financ4al Reporting Standard
appli¢able in the UK and Republic of Ireland IFRS 1021" {effective 1 January 20191. The tharty is 8 Public
Benefft Entity as deffin$d by FRS 102.
The financial slalements have departed from the Chaiities IAcoJunts and ReFOrtsl Regulati￿$ 2008 only to
the exlenl required lo provide a true and fair view. Thi8 departure has involved fdlowing the Statement of
Recommended Practi¢x for Gharities appfying FRS 102 rather Ihan the ver5ign of the Statement of
Recommandèd Practice which is referred lo in the Regulations which has since been vMhdra4w).
The finan￿al statements are prepared in sletling, which is the functional cJJrrency of the chanty- Monetary
amounts in Ihese financAal ststements are rourhjed lo th8 nearest £.
The finawal stslernents have bew) pr8par8d under the historical cost convention, modified to indude fixed
a$sg1 investments held attsir value. The principal accounllng p)licies ad¢¥)ted are set oui below.
1.2 Golthg concern
At the time of approwng the financ4al slatemants, the balance sheet shows net ¢urrenl liabilrties 01 £10,950
{2023.' Net current assets of £17,662). Investments at the year-end Induded cash balances of £246,073 {Note
121 whth a￿ liquhl and avai18ble on demand and prowdo adequate liquidty lo settle Iha current liabilities.
Following the year end. the Irusiees drew on this cash lo s•W8 the outstanding credllors. The trustees 8re
Iherefore confident that th& tharity has adequate resouilxs to continue In operational &xistence for the
1oreseea￿e fijlure and they continuè lo adopt the going concern basis of accounting Thi preparing the financial
statenwnts.
1.3 Charitsble fund8
Unre51ricted fund$ are avallable for use at the di9e4etion ol Ihe trustees In fvrtherance of their charitable
obpctives.
Reslricled fvnds are subject lo specific conditions by donors or grantors as lo how they may be useil. The
purposes and uses of the restricted furKls are set out in the notes to the finanual staternenls.
Endowment fu￿1$ are subject lo specffic condrbons by donors that the capital must be maintained by the
charity.
1A Income
Inix>m8 is racognised when the chanty Is legally enlitted to it after any perfom)ance condrfions have beèn mel.
the anY)unis can be measured reliabty. and it is probable that in￿rne will be received.
Cash don*'ons are recognised on receipt. Olher donations are rewnised once the Charty h88 béèn notified
of the donation, unle55 performance ctsndilions require deferr81 of the amount. Income tax recoverable in
relation to donaiions ree4lvgd urnler Gfft Aid or deeds ol covenant is recognised al the time of the th)nalion.
Legacies are recognised on receipt or otherwise if the charity has been nolrfied of an impending distribution,
thè amount is kn¢)wn, and recEipt is expected. If the arrK)unt is not known. the ￿aCY is Irealed as o
cOnt￿gent asset.
12-

THE SEEDKEEP FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Ac¢ounllng poll¢i•s
(Continued)
1.5 Expendlture
Expkndilure is recc4Jnised onrE there is 8 legal or COr￿truct￿9 obligalion to transfer economic benefit to a
third party, it is wobable that a transfer of g￿n0￿￿ b8nefils will be required in sdU8ment, and the amount of
the obligation can b8 measured reliably.
Expenditure is classified by actlvity. The costs of eath activity are made up of th8 tolal of direct costs and
shared costs, induding support costs involved in undartakn'ng eath acbvlty. Dlrect ￿)sts attributa￿e lo a single
adivlty are allocated direcuy lo that ath'vity. Sharèd costs whKh contribule lo mre than one actNily and
supporl cosis which are not attrfbutsble to a single actiwty are apporboned b8fv488n those activits'es on a basis
nsistent with the use of resources. Centr81 stsff costs are allocated on the basis of time spen( and
depreciatF)n tharges a￿ allocAled on the portion of the assefs use.
All support and govemance costs 8re allocated lo charitablè actmlles.
1.6 Flxed a8set Inveslm9nts
Fixed assel inveslments are inilialty measured al IransactKJn price excluding tranSa￿lon oxjsts, and ar8
subsequenly measured at lair value at each reporting datè. Changes in tsir value are recognlsed in net
inc<¥nellexpenditurel f￿ the year. Transaction costs are expensed BS i￿Urred.
1.7 Cash and cash •quivalents
Cash and Cash equivalents indude cash in hand, deposlls held at call with banks, othar short-lerrn liquid
inveslmenls th original Maturit￿ of three months or ￿S$. and bank overdrafts. Bank overdrafts are shown
wiihin borrowings in current liabilities.
1.8 FIDandal In¥trimwnts
The charity has elected to apply the prowsions of Settion 11 'Basic Financial Instrurnents, and Sedlon 12
'ol￿r Finanaal Instruments Issues, of FRS 102 10 all of ils financial instruments.
Financial instruments are I￿ognIsed in the tharitys baLgnce 8heel whon thg charity becomes party lo the
t>JntracbJal provisions of the instnjment.
Financk?l assets and liabilities are offseL with Ihg ngt amounts presented in th8 financial statements, when
there is a18galty enforceable right lo sel off the recognised amounts and the￿ is an intentKJn to settle on a nel
basis or to realise Ihe asset and settle the liabillty sbmuttaneousty.
Basic fina￿1￿1 •ssets
Basic fJnan¢ial assats. which include debtor5 and Cash and bank balances. are In￿alty measured at
transadion induding transaction costs and are 8ubsequentty carried al amorttsed cost using the effedive
inlerèsl method unlass th¢ arrangernent con5tilules a ffinancing transaction, where the transaction is
measured al the present value of the ffijture receiplg discounted 81 a market rate of intera81. Fln8nTh81 assets
dassified as recesvable wllhin one year are not aff￿rtiSed.
Basic financial liabilitles
Basic finana81 liabilities. including ereditors and bank loans are inNlalty reo)gnised at transaction price unl8ss
the arrangement ￿nstitUteS a fin8n¢ing Ir8nsaction, where the debt instrument is measured al the present
value of th8 luture payments discounted al a market rat• of interest. Financial lialylrb$$ dassffied as payable
thin one year are not amortlsed.
D8bt instruments are subsequenuy carried at amortised Cost, using Ihe effe¢*ve inte￿1 r8te method.
Trade creditors are obligations to pay fof goods or serMC8S that have been acquired in the wdinary C￿Urse ol
OFerations from suppliers. Arnounts payable are cla85thed as currènt liabilities if ￿YMent Is due within on8
year or ￿$$. If not. are presented as non-currenl liatsltbes. Trade Creditors are recognised inrtially at
tr8nsactk)n pri¢& and subs8qu•ntty measured al amortised cost using the effectNe interest method.
13-

THE SEEDKEEP FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting polici
Icontinuedl
Derecognltlon olllnan¢ial Ilabllities
Financ*al liabilities are derecognised whan the tharty's ￿ntraCtual obligalions eypire ￿ arfj discharged or
can￿lled.
1.9 Employee bgnefits
The cost of any unused holiday enullemenl is recognised in the period in vthich the em￿Oyee'S sgmces are
received.
Termination benefits are recognised immedi8lely as arb expense when tha charity is demonstrably o)mrnitted
to lenninale the @m￿OYm$nl of an employee or lo prowde temiination benefrts.
1.10 Fornlgn ex¢hango
Transa¢tions in ojrreneies other than pounds slerfing are recorded at the rates of exchange prevailing at the
dales ot tt)e transactions. Al each reporting end datè, monotsry assets and liabilities Ihal are denominated in
foreign oJThenrye5 are retranslated at th8 rates prevailing on Ihe reporting end date. Gatns and losses arislng
on translath)n in the pèrfod a￿ induded in profil or1058.
In¢om& from donalions and 1ogaci•s
Unrestricted
fvnds
2024
Unrestrictsd
fund$
2023
Donations and grfts
9,899,996
lnV￿tmènts
Unrestricted UTrrestrict•d
rund¥
funds
2024
2023
from listed investments
Compensation
Interest receivable
351,874
42.680
38,250
426
8.403
3eo,277
81,356
14-

THE SEEDKEEP FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Expendi￿1* on raising funds
Unr¢stricted Unrnstrict•d
funds
funds
2024
2023
Investment management
31,294
1,489
Exp•ndityre on charitsble aclivitiol
Charhable
activiti0¥
2024
Charflablg
actlvlti•$
2023
DI￿¢t ¢osts
Share of support and govemance ¢o*ts not• 61
Support
Goveman¢e
2,110
16,740
19,050
18,89J
19,115
Anatysis tyfund
Unrestr5Cted funds
18,850
19,115
Support costs alloGat•d ts o¢tlvltle•
Charltable
a¢tlvlti¢$
2024
Total
2023
Bank Charges
other Fees
Website costs
Governance
15
2,110
16.740
19,050
18,850
19.115
2024
2023
Govemanco Costs comprlso:
Audit fees
Accountsn
Lègal and professional
Consultancy
1,500
2.100
10,200
2.940
1,400
1,000
16,650
16,740
19,050
15-

THE SEEDKEEP FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Net movement Sn funds
2024
2023
The net movement in funds is stated after Chaw1n￿{credil￿ngl.'
Fees payable for the audit of Ihe charmy's finandal slalemgnls
1,500
1.400
Trustegs
None of the trustees lor ony petsons cknnnecled them) received any remuneratv)n or benefits from the
charity durltvJ the year.
Employees
The average monthly number ol employe0$ during thè yèarwas..
2024
Number
2023
Numb•r
Total
There were no employees whose annual femuneralk)n was MO￿ than £60.000.
10 Gain• and108se8 on inve8bn8nts
Unrnstricted Unre8trictsd
fundy
fund8
2024
2023
GaIn￿(lo$S$S) aflslng on..
Revaluatton of Investments
Sale of investments
752,879
{37.795)
(70,7761
100,000
715,084
29,224
11 Taxallon
The tharity is exempt from taxal￿n ￿ its 8¢Xivrties b￿USe all ts irnme is op[￿led for th8rilabb purp08es.

THE SEEDKEEP FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
12 Fixed a$$8t inveslments
Llstod
invatmènts
Cash in
portfolk*
Totsl
Cost or valuation
At 1 April 2023
Additions
Valualfon changes
Cash held for inveslment
Disposals
9.844,475
11.197.657
752,879
127,835
9,972,310
11,197,657
752.879
118,238
111,014,945)
118,238
111.014,9451
At 31 March 2024
10.780.C66
246,073
11.026,139
Carrying amount
Al 31 Ma￿h 2024
10,780.066
246.073
11,026,139
At 31 March 2023
9.844,475
127,835
9,972,310
13 Debtorn
2024
2023
Amounts falllng du• wlthln one year:
Other debtcKs
40,250
14 Credltorn: amounts falling due within year
2024
2023
Tradè credf(or8
Other creditors
ruals and dèferred income
1.740
2,OC
14.1Y)
6.438
13,46S
15,205
22.588
15 Unrvstri¢tsd funds
The unreslriled funds of the charity comprise the unexpended balane£s ol donations and grants which are
not subject to speofi¢ ¢onditions by donoTS and granlors as lo how they rnay be used. These include
dgswn*ed funds which h8ve been set aside out of unr8stricted funds by the trustees f¢y speafic purposes.
Gains and At 31 Mar¢h
los$
2024
At 1 April
2023
In¢omlng
198our
Resources
expgnd•d
General funds
9.989,972
360.277
150.144)
715.084
11,015,189
17-

THE SEEDKEEP FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
16 Unrg¥tri¢tsd fvnds
(Continu8d)
Prevlous Perfod".
At 1 April
2022
Incoming Resou￿e9
retsou￿
•xpen(tod
Galn$ and At 31 March
losses
2023
G8neral funds
9.981.352
120,6041
29,224
9,989,972
16 Analy818 of n•t amets b•tw•èn fund•
Unr•8trictod
funds
2024
At 31 March 2024..
Investments
Curr8nt asse1511liabilities)
11.026,139
(10,950)
11.015.189
Unr•Btrictsd
funds
2023
At 31 March 2023:
Investments
Current a66e161{liablliti8$)
9,972,310
17.662
9,989.972
17 R•latsd paity tran8action¥
During the prior perlod Mrs K M Harpin, a Trustee, made a donation 019.899.9% to Ihè chariiy. Mrs K M
Harpin also made a198n lo the tharity of £5.WO and paid expenses lolalling £9,150 on behalf ofthe charily.
At the end oflhe pgriod the Charity owed Mrs K M Harpin £NIL12023-. £14,150).
18-

THE SEEDKEEP FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARGH 2024
18 Cash (absorbed byllgeneratsd from operation8
2024
2023
Surplus for th& year
1.025.217
9,989,972
Adjuslments for:
Investment Encome rècognised in statement of financial activrtoes
Lossllgain} on disposal of investments
Falr value gains and bsses on investments
(360,27n
37,795
{752,879}
181,3561
(loo,￿xI)
70.776
Movemgnt8 In working capltal:
Decreasellincreasel in debtors
IDeGreaseifincrease in creditors
40,250
17,3831
(40,2501
22,588
Cash labsort)ed byygener4ted from op•rations
117,277)
9,861,730
19 Analysls of Changes In net fund8lld•b¥
Th9 Chanty had no debt during the period.
19-