Chartty reglstratyon number 1200298 (Englartd and Wale81
THE SEEDKEEP FOUNDATION
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

THE SEEDKEEP FOUNDATION
LEGALAND ADMINISTRATIVE INFORMATION
Trustees
Mrs K M Harpin
Mr T H Harpin
Miss J K Harpin
Mrw D Har￿n
Ch•rity numbttr
12Q0298
Reglstered offlcg
Elon House
89 Station Parade
Harrogatè
North Yorkshire
HGI 1HF
Audltor
Haigh & Co
Grange Cottage
Wornersley
Doncaster
DN6 9BW
Bankers
National Westminster Bank pl¢
250 Bishopsgate
London
EC2M 4AA
Solicitors
R¥wor(h$ Solialors
Eton House
89 Station Parade
Harrogate
North Yorkshire
HG1 1HF
Investment advisors
LGT Wealth Management
14 Cornhill
London
EC3V 3NR
Website
wvM.seedkeepfoundation.co.uk

THE SEEDKEEP FOUNDATION
CONTENTS
Page
Tru$legs' repgrt
statement of trustees, respon$ibilitie$
Indgpendent ouditorf8 report
Statement of financial 8(#ivities
Balance Sheet
10
Slalement of cash fiows
11
Note8 lo Ihe fin8noal stotements
12-19

THE SEEDKEEP FOUNDATION
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their report along with the audited ￿nan¢JaI statements of The Seedkeep Foundation Dhe
Fwnd81ionl for the year ended 31 March 2025.
The Injstees Confimi that the trustees. report and financAal statements of the Foundation comply with the current
8latulory requirements. The financaal statements have been prepared in accordance with the Statement of
Recommended practi￿.. Accounting and Report by Charibes preparing their aGGounts in accordance with the
Finanual Reporting Standard appllcablè In the UK and Republic of Ireland IFRS 102) issued on 16 July 2014 and
the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2021.
Objectives and actlvltlos for th¢ publlc bgnefit
The Foundation was established by trust deed dated 1 June 2022 by Katherine Margaret Harpin. The Foundation
was registered with the Charity Commission on 7 September 2022.
Th8 Foundalon w88 e818blished lo advance such charit8blÈ purposès for the public banefft (accoiding to the law of
England and Wales) as thè Iw$ts¢$ shall se& fil from time to tlme. The trustees, current focus is to support (￿ar￿e¥
8nd QTgani8alion5 whose 81ffl5 8Te 8round eiluc8tion for d￿advantaged children and young people and care End
support for pre-sd)ool famili¢$ in Ihtr Yorkshire ragion.
Tho trustoes do Ihls by making grants. The Irus1è8s wlll conslder appk'¢alon$ for grants which are in actordance
with the above objects an¢J locus and are made from charitable organisations based in England 8nd Wales.
Requests from national OTganisations will also b& considered if they are relevant to the Foundati¢n's objectives and
benefrt Yorkshlre region. The truslees consider that this geo9raphical restriction is reasonable.
The trustees, short temi aim is to provide finanaal support to other chaiitable crfganisations. whose aims are in line
with the Foundation'$ objgctives. tg enable those other charitable organisations lo achieve their own objectives.
The Iwslees. long temi aim is lo maintain total funds in line with inflation or above which will gengrate Investment
income to fund fulure grant making.
In thi5 ￿rrent rinancial year, Ihe trustees have stsrted makirvJ grants as sel out below, The trustees have also
contlnued to fo¢u$ On inve$ling the InJ$t ltsnd $0 il effectively produces income lo allow the Foundation to continue
making 918nts. The Ituslees have contillved lo review and add lo Ihelr poll¢ie$ and procedures to allow the
Foundab"on to ba run èffectivèly 8nd èfflciently.
Tho Iruslee3 Gonfirm that in accordance wf(h section 17 of the Charities AGI 2011. th&y have referred to the Charity
Commission's general guidanct on publlc benefit when reviewing the Foundation's aims and objectives and in
planning their fvlure g￿nt mwking ocbviiies.

THE SEEDKEEP FOUNDATION
TRUSTEES, REPORT (CONTINUED
FOR THE YEAR ENDED 31 MARCH 2025
A¢hiovements and perfonnance
This financial year. the maln aclivity for thts trust•es was to start their grant making programme.
The trustees have committed lo grant funding of £SO,QOO a year (from September 20241 to Flourishing Familie5 for
the next 3 yea(8. The grant has been used by Flourishing F8rnilies lo support thelr Famlly C¢okery Club and Story
T¢Hgr$ Family Literacy Group.
A one off grant of £16,000 wa$ made t¢ yorkshi￿ Dale$ Millennium Trust in October 2024 to support their Rural
Apprenticeships Scheme. Th6 funds wèrè used to give more young people the Chan￿ lo gel pr8di¢81 worf(
experiences w¢th employers in and around the Yorkshire Dales, as well as investing in their edu¢alion and personal
development.
Iruslee¥ have also c¢)mrnitted to grant funding of £15,000 a y￿r Istsrting in October 20241 to the Richard
Shephard Mu61c Foundatbn for the next 3 years. The lunds have been used by the Richard Sheph8rd Music
Foundation towards the growth of their Schools Programme across Yorkshire and the North East. The ongginy grant
funding has enabled them lo prowde weekly music lessons for 8,602 children In 32 schools.
Th$ Irustetrs considered all grant applications received which S￿ in kno with thelr o¥eetThies during this finanual
year.
In th18 ffinandal year. the trustee8 have r8v18wed their exlstlng poliaes of Grant Making. Confiicts of Interest 8nd
GDPR and Privacy Policy. to 8nsure Ihay are up to date and relevant. The trustees have also fomialised a poly for
Internal Financial Controls.
The trustees hava atteThJed tr8ining on Ih*ir rde 8$ charity trustees by LGT Weath Management.
Flnanolal r•vi•w
At the end ofthe financial year £10.934,267 was held by LGT Wealth ManagemenL
The trusteès havè ¢0n$ide￿d th8 risks associated with the invostmènl portfolio and aim lo maintain an appropriate
mix of investmen18 in order to reali8e the long term aim. The key risk8 identified are adverse Ma￿et conditions
whkh could Cause the invèstment porttolio lo fall whi¢h woukl deexeasÈ the amount of Income available for
dist￿bU￿on. The9e key rfsks 9￿ conSide￿d 81 Investment reviews and eoch trustee meeting.
¥￿h1n this finanaal year, the trustees have assessed and review the inveslment perfomance. being consraous ih81
the investrnents have only been fully invested sinct January 2024.
Rgserv*s poli¢y
All ol the funds held by the Foundation are unreslricted. The88 fund3 are intended to provide an annu81 incom& to
SUPPQrt actNitie5 and administration cosis.
U￿1¢r the trust doed the trustees have the power lo establish funds for particular purtx)ses or lo maintain ￿se￿8$.
The trusl¥os aro still in the proc485 of building out the Foundation's grant pr¢gramm& 8nd are t8rgeling a future
annual grant expendilure of up lo £300,000 per annurn. To meet arising giant corRmilmetrts and operating
expenditure, going forwards the truslees w511 ensure th￿ is Blways £5,(K)O of cash avBflable within the current bank
a¢¢ount lo meet short-[￿liCe expendilurg.

THE SEEDKEEP FOUNDATION
TRUSTEES. REPORT (CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2025
Plans torfirtur• pèrlods
For the year 2025r26 the trustees are committed to the ongoing gTant funding for Flourl$hing Families and the
Richard Shephard Music Foundation.
The trustees will also conlinue to review and consider appfications from ¢harities and organis81ions vthosè alms are
around education for disadvantaged children and young people and care and support fDr pre+school families in the
Yorkshire reg￿n.
The Iru$leg$ ¥r¥ al$0 looking lo $lrengthen their poI￿leS and Procedures during 2025r28, by rev*wln9 their policies
8nd formali$ing addibonal policies, such as safeguarding.
The trustees a￿ sat¢sffied th81 through the ongoing inve¥lrnent of the trust fund, they re¢efve suffjlient income to
enabk the Foundation to meet its objective8.
Structure. governance and manag¢mgnt
The Founda11c￿ is a charitable trust.
The power ol appointing trustee5 Is Sel out in cl8us9 8 of th¢ trust deed and vests with the IrusteÈs.
The trustees ore undertaking appropriate training and from Raworths LLP ln relation lo being charitable
trustees.
All trustees gwe their time freely and no trustee remuneralbn was paid in the cajrrent year. to any Irustse or anyone
connecied with them.
De￿$lOnS are made by the trustees with regards lo grnnt making and other area$, with th8 consent of all trustoes.
The trustees meet at lea8t once a year lo agree the 800vitles for the Foundation. including tyant makiTrJ
investment.
Investment pvwers are govemed by the trust deed which pemihs fund$ to be invested in any lawful manner. Given
the value of the fund and being mindful of eosts, the trustees feel that one investment advisor is suffident to
manage a diversthed portfolio on a discretionary basis. The brief to the advisor stales that they should select a
balanced Inveslment rnturn from income and capital. The trustees monitor and review their investment policy on an
8nnual b88iS.
The trustees who seNed during the yeaT and up to the date of signature of the financi81 stslements were:
Mts K M Harpin
Mr T H Harp*i
Miss J K Harpin
Mr W D Harpin
The trustees, report was approved by the Board of Tnjstees.
Mrs K M Harpin
Trustso
Date..
2& 01.ZO7S

THE SEEDKEEP FOUNDATION
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2025
Thtr Iru3lees are reS￿nsIble for preparing the TrLFslees' Report and the finan¢tal $18temenls in acwrdonce with
applicablè law and United Kingdom Accounting Sland8rd8 (United Kingdom Genèrally Accfrpted A￿oUntIng
Practice).
Th8 law applieablè to (*8ritl8s in England and W8le¥ requirès thè trustèès to preparè fin8nclal statements for each
financial year which give a true and falr v￿W of the state of affairs ol the charity and of the incoming resources and
application of resources of the charity for that year.
In F*eparing ihese financial statements. the truslees are required lo..
select suitablo a¢cx)unling p￿1¢183 and then apply thern wnsi$lenlly',
observtr Ihtr rnethod8 and principles in the Charities SORP..
make judgements 8nd Èstim8tes that 8rÈ rè8son8ble and prudènt;
state whether applicable accounting standards have been followed, subject to any material departures disdosed
and explained in the finanaal Statements.. and
prop4￿ the ffin8nciat statements on the going concgm basls unless it Is inappropriate to presurne th81 the ¢h8rity
11 continue in operation.
The trustees ar• responsible for keeping Sufficient accounting records that disdose wrth reasonable awurdcy 81 any
time the financ481 WSTtion of the charity and enable them ID ensure that the financA81 sl8lemen18 ¢omply with the
Chariti8s Act 2011. the Charity (Accounts 8nd RgpDrt81 Regulations 2008 and thè provisions of the trust deed. They
are also responsible for safegu8r(Jing the ossel$ of the charity and hence for taking reasonable steps for Ihe
prevenl%)n 8nd detedion of fraud and other irregularities.

THE SEEDKEEP FOUNDATION
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF THE SEEDKEEP FOUNDATION
Opin5on
We have oudiled the fln8nd81 $18lemenls of The S¢edke9p Foundation (the 'charltl) for the year ended 31 Marc
2025 which comprise the statement ol finanei81 aetNlties, the balan￿ sheet, the statement of cash flows and notes
to the financAal statements, including significant accounting poliaes. The financial reporting framework that h88 been
applied in their preparation is applicable law and United KIngdC￿ Accounting Standards, including Finanaal
Repo￿"n9 Standard 102 Thè Fingncigl Reportifig St8nd8rtY &pplAc&ble in Ihe UK gnd Republic of Ireland (United
Kingdom GenerallyAccepted Aecounting PraetSce).
In our opinion, th& financial statem8nts.'
give a trt￿ and fair view of th8 stattr of lh8 charity's aff•rs as at 31 March 2025 and of its incoming resource
and applcation of resources. lor the year then ended..
h•vo been properly prepared in a¢cordancts with United lfjngdom Generally Accepted Accounting PractieÉ:
and
have been prepared In accordance wrfl) the Charlttes Act 2011.
Ba¥1¥ for oplnlon
È conducled our audR in Bccordence wllh Inlernallon81 Standards on Auditin9 (UK) IISAS (UK)) and applicable
law. Our rgsponsibilitl8s under th0sg standards ar¢ fvrther describgd In the Audilorfs responsibilities for Ihe 8udil of
the financial statements seclion of our report. We are independent of the chartty in accordance wtth the elhi¢al
requirements that afe relevant to our audit of th& finanaol statements in the UK, induding the FRC'S Ethical
Standard. and we have fulfilled our olher ethical responsibilities in accordance with these requiremtsnts. We believe
that the audit evidence we have obtained is suffidenl and appropTiale to provide a b8518 for our opinion.
concl￿10n# rolating to going concern
In auditing the finanu81 statements. we have concluded that tt)e trustees. use of the going con￿rn basi8 of
accounting in the preparalicsn of the ffinanctsl ststemenls 1$ appropriate.
588ed on the worf( we have performed. we have not identffied any material uncertainties relating lo events or
conditions that, indi￿dUallY or ¢olledively, may cast Significant doubl on thè tharity's 8bilty to continue as a going
Lx*ncern for a peric¥J of at least fv48lve months from when the financial 8lalement8 are authorised for issue.
Our responsibilititts and the responsibilities of the tru8tees with resp6d to golng Concern are des¢rfbed in the
relevant Sections of this report.
Othèr Infomiatlon
The other information o)mprises the information Induded in the annual report other than the financial statements
and OUT audrtor's report thereon. The trustees are responsible for the other information contained within tre annual
report. Ow opinion on the finana81 statements does not cover the other infomiation and we do not express any form
of assurance conclusion Ihereon. Our respc*nsibility is lo read the other information and, in do)in9 so, considtrr
wh6th8r the othèr Infomiation Is m81Èrially incon$istent wrth the finaneial statèmènts or our knowledgè obtained in
the course of the ¥udit. or othèrwise appears to be m8leri3lly misstated. If we Identify such materlal inconsistencies
OT apparent material mi$slalemenls. w& are requiied lo det$miine whether this ￿V&S rise to a material misstatement
in Ihe finanaal statements themselves. If, based on th8 work we have performed. we condude that there is a
material misslatement of this olhtrr rnfw¥lion. we ar¥ r￿Uired to report that fact.
We have nothing to report in this regard.
Mattgrs on wthlch wé arn requlrod to report by •xc•ptlon
We h8ve Th)Ihing lo Teport in respect of the following rnatters in relatKJn to wh￿h the ChaTitie3 (Accounts 8nd
Reports) Regulations 2008 requires us to report to you if, in our opinion..
th8 information given in the finan¢ial statements is inconsistent in any maierial respect with the Irustee8'
report.. or
¥uffici#nl 8ccounlng record8 have not been kept., c
the finanaal statements are not in agreement with the accounting records,. or
we hav& not re(xiv¢d all the information and eXplanat￿n$ we requ*• fLY our audit.

THE SEEDKEEP FOUNDATION
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF THE SEEDKEEP FOUNDATION
RgBponslblllt19$ of trusts
As explabned more fully in the ststement of trustees. responsibllities, the trustees are responsible for the preparation
of the financial $tslemen18 and for being Satisfied that they give a true and fair view, and for such internal ¢ofilrol 8S
the tnjslees delerrnirie is necessary to enable the preparation of financAal statements that arg free from mal8rial
misstatemènt, whélhor due to fraud or error. In preparing the fin8nci81 ststèment$, IhÈ trust8es ar8 responsible for
assesslng the charity's ability to ¢onllnue as a yoing cortcem. (1Ssdosin9, os applicable, matters related to going
concem and using the going wicem ba$1$ of a￿UntIng unless the Irustees efther intend lo cease operalK)ns, or
have no realist￿ altem&'ve but to do so.
Auditor'$ re$pon¥ibilitie• for the audit of the finan¢i41 $tst¢ments
È have been appointed as auditor und8r section t44 of the Charities Act 2011 and repc*rt in accordance with tho
Act and relevant regUla￿or15 made or having effect thereunder.
Our obje¢bvg$ lo obtain ioasonablo 458urance about whglhtr tho finanaal statements as a whole are free from
material misstatement, whether due to fraud or errtsr, and to issue an auditors report that includes our opinion.
Reasonable assurance is 8 high level of assurance bLFt is not a guarantee that an audil conducted in accordance
with ISAS {UKI will always detect a material misstalement when it exists. Misstatements can arise frorn fraud or
error and are considered material rf. individually or in the aggregate. they c4Juld reasonably be expected lo influence
the econom￿ decjsions of users tsken on the basis of these finanaal slatements.
Irregularities. induding fraud, are instances of non-cc*rnpliance with laws and regulations. Vve design piocedures in
Ilne with our responsibilities, outlined above. to delect matorial misslalements in re$pe¢t ef irregularities including
fraud.
The rlsk of detsd(ng a mBleri81 mis8tatemenl due lo fraud 18 higher than th& risk of not detecting one resulting
from error, as fra￿j may involve deliberate wncealrllenl by. fgr exampltr, forg￿ or intentional MIsrep￿Sentat￿1ns or
through collusion.
By fo￿SIng on material amounts and disclosures Bnd using a risk-based apkyoach. we have a reasonable chancè
ol deteciing material misstalements due to irregularities including fraud. However, due lo Ihe sampling method of
testing, as allowed by auditing standards. we cannot guarantee that, if such irregularities. including fraud 8re
present within the charity's finanryal system. our audit wll detect all of them.
Rotrtjst internal eontrols operated by Ihe charty can inttea86 thè dètection of suth Irregu18rilie8, txjl this Is not
always present in small lo medium svLed char5tses.

THE SEEDKEEP FOUNDATION
INDEPENDENT AUDITOR'S REPORT (CONTINUEDI
TO THE TRUSTEES OF THE SEEDKEEP FOUNDATION
Ow approach was as follows..
obtained an understanding of the legal and regulatory frameworks that are applicable lo the chatlty and
delemined that the most significant are those that relate to the reporting framework {FRS 102 and the Chartties Act
20111. We communicated the identified laws and regulations throughout gur ￿aM and remalned alert tg any
indications of non.compliance Ihroughoutthe audit.
Audit proceduies performed by the engagement team to detect irregularities, including fraud from instances of non-
¢x)mplbance with laws and regulations Induded-.
Dis¢ussi¢)ns with m8nagemenl, induding con8iderolion of known or $u¥Je¢ted instsnces of non-tr)mpliance
wSth laws and regulation$.
Challenglng g$SUmp￿On$ and judgements made by management In its slgnlflcant accounfjng esllmates thal
involved making 8SSLtmplions.
Testing any transactions entered that are outside of the nornial r￿urse of the charity's affairs.
R8viewing re¢enl corresFcnd?nce wrf(h the charity's legal 3dvi$ors lo ensure that il aligns with any
concluskns drown In re8P8¢t of any cArt$landing or uncertain legal matters.
Hcwever, the wimary responsibility for the prevanlion and detecti1￿ of fraud still ￿$t8 with both those ehaigeE1 wrfh
govemance of the enlly and the m8nagem&nt team.
A further de￿rIptIon of our responsibilrbe8 is available on the Finan&al Reporting Council's website al- https:11
v4Th.frGorg.uklaudilorsresponsilxlitse$. Thés des¢riplion foms part of our audilorfs report.
Other matters
Your attention is drawn to the fact that the tharily has prepared fin8nry81 stslements in accordance wilh'A¢xounting
and Reporting by Charities." Statement of Rewmmendpd PraGbGe applirablo lo thar6tses preparing Ih¥ii aw)unts in
arrxJTdance with the Fin8ncial ReportSng Standard appli¢able in the UK and Republi¢ of Ireland IFRS 1021" las
amended) in pref￿ence to Ihe Ac￿Unting and Reporting by Charitie$= Ststemenl of Recommended Practice issued
on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
Thts has been done in order for the financial statements to provide a true and fair view in accordance with current
GeneratyAcc8pted Ac￿Unting Practice.
Use of our report
This report is made solely to the charity's trusteas, as 8 body. in accordance wth Part 4 of the Ch8rities (Accounts
and Reports) Regulations 2008. Our audit work has been undertaken so that wè might state to the charrty's trustees
those matters we afe required to state lo Ih¥m in an auditor's ￿pOrt and lor no other purpose. To the fullest extent
permitted by law, we do not accept or assume responslbility to anyone other than the charity and the charity's
Injstees as a bo¥y, fo
r audit work, for this fepori, or for the opinions we have formed.
Mrs W M Halgh (Senlor Ststutory Audltorl
For and on behall of Haigh & Co, StBtutoryAuditor
Chartèred Certthed A¢wuntsnts
Grange Cottage
Womersley
Doncaster
DN6 98W

THE SEEDKEEP FOUNDATION
INDEPENDENT AUDITOR'S REPORT (COfrTfiNUED)
TO THE TRUSTEES OF THE SEEDKEEP FOUNDATION
Haigh & Crj is eligible for appolnlment 88 auditor of the charity by wrtue of ils eligibility for appointment 8$ 8ut1¢tor of
company undèr sèction 1212 of the Companies Act 20(￿.

THE SEEDKEEP FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Unrestrfcted
funds
2025
Unrestricted
funds
2024
N¢>to$
Incorno from:
Inv8slmènts
325,368
360,277
Totsl income
325,368
360,277
Expgnditure on:
Raising funds
Charitable activitses
47,571
82,498
31.294
18.850
Totsl 0xp•￿IltUre
130,C69
50.144
Net gainsffjos8esl on inveslments
10
1272,163}
715,084
Net incomellexpenditurel and movement Sn funds
178.864)
1,025,217
Reconciliation of funds:
Fund balance$ at 1 April 2024
11,015,189
9,989,972
Fund balances at 31 March 2025
10.938.325
11,015,189
The 8tstemenl of finana81 activities includes 011 gains ond losses recognised in the year. All income and expenditure
derive from continuing a¢Xlvities.

THE SEEDKEEP FOUNDATION
BALANCE SHEET
AS AT31 MARCH 2025
2025
2024
Notès
Flxed assets
Investm&nl$
12
10,934.267
11.026,139
Current a*s•ts
Debtors
Cash at b￿k and In hand
13
11,589
11.590
4,255
23.179
4,255
CredStors'. amounts falllng du¢ within
on• year
14
(19.1211
(15,2051
Net currnnt a88etsllllablllllg81
4.058
(10,9501
Total assets 1$$$ ¢urr¢nt Ilabllltl
10,938,325
11,015,189
The fundg ofthe eharity
Unrestricted funds
15
10.938,325
11,015,189
10,938.325
11.015,189
2& 01.ZCQts
The financial Statements were approved by the Iruslees on .........................
Mrs K M Hary)in
Trustee
10-

THE SEEDKEEP FOUNDATION
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Notss
Cash flows from oper•ting #ctlvStles
Cash absorb&d by operation$
18
1137.7421
117,2771
Investlng •c￿vItIeS
Purchas& of irtvèstm•nts
Pr¢ceèds from disposal of inveslments
Investment inryjme received
P,982.1221
2,801,831
325,368
111.197,657)
10,858,912
360,277
Net cash generated from InvestSng actlvities
145.077
21,532
Net cash generated from financing actlvltles
Net increase In cash and cash •qulval•nts
4,255
Cash and cash equivalents al beginning tsf year
4.255
Cash and cash equtvaltsnts at •nd of y•ar
11.59)
4,255

THE SEEDKEEP FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
A¢countin9 polici
Ch•rity Information
The Seedkeep Foundauon 18 8 ch8rftabt8 trust reglster8d In Englan(J and Wdles. The chaiity regIsle￿d with
the Charity Commission on the 7th of September 2022.
1.1 Accountlng conv￿tIon
The financial slatemenls have been prepared in accordance wlh the chari￿s governing document, Ihtr
Charities Aet 2011, FRS 102 'Thtr Financial Reptsrting StAndard xpplieable in the UK and Republie of Ireland.
rFRS 102.1 and the Charities SORP 'Awounting and Reporting ty Charities= Statement of Recommended
PTaCtI￿ applicable lo charities preparing their accounts in accordan￿ with the Financial Reporting Standard
applicable in Ihe UK and Republic of Ireland (FRS 1021 (effective 1 January 2019). The charity is a Publi
Bèn•fil Entity as defined by FRS 102,
Thè fin8n¢ial stalemants h8v8 departed from the Charitigs (Accottnls and Reports) Regulations 2008 only to
the extent requlred lo provlde 8 true 8nd fair view. Thls departure has involved following the Statement ol
Recommended Pra¢ltg for chadUe$ applying FRS 102 rathei than tho version of the Statement of
Re¢*mrrEnd&J Practi￿ which is referred to in the Regulations but which has since been withdrawn.
Thts fJn#Trcial statements are prepared in sterling, which is Ihe functional currency of the charity. Monetsry
8mounts in the8e finanGial 51atemen18 are rolmded lo the neare81 £.
The fin8nryal statements have been prepared under the historical cost convention. modified lo indude fixed
858el investment8 held al fair value. The principal accounting poliaes adopted are set out below.
1.2 Golng ¢on¢em
Al the time of approving the financial statements, the trustees have a reasonable expectation that the charty
h85 adequate reSoUr￿S to continue in operational existence for the foreseeable fLrture. Thus the trustees
continue to adopt the going concem basis of accounting in preparing the financial statements.
1.3 Charltabl• funds
UnrÈ$tri¢ted funds are available for use al the dIsC￿lon of the trustees in furtherance of their charitable
objectives.
Restricted fvnds are subject to St￿￿e condrtions by donors or gr8ntDrs as to how thèy m8y be used. The
pwpxjses and uses of the restricled funds a￿ sel out In the notes lo the fin¥n¢i81 slalem&nts.
Endowmènt funds 8re 8ubject to speufj¢ ¢ondition8 by ¢YonoTS that thè ¢apit81 musl bè m8in18ined by th
Charity.
1.4 Income
Income is recognised Wh￿ the tharfty is legally entiyed to 6t 8fl8r any perform8nce ￿nditIonS have beén mot,
the amounts can be MeaSu￿d r¢li8bly. and il is probable th81 income will be received.
Cash donations ar8 recognised on le￿ipl. Othei donalions are recognised once ihe charity has been notrfied
of tho donats'on, unless performance condition5 require deferral of the amount. Income tax recoverable in
fgL4tion lo donations ￿e81v￿d vnder Gift Aid or deeds of covenant is rwnised at the tirne ofth8 donation.
Legacies are recogt)ised on recèipt or othètwiss if tha IY)8rtty ha$ been notified of an irnpending distribution,
the amount is known. and receipt is expected. If the amount is not known, the legacy IS treated as a
contingent asset.
12-

THE SEEDKEEP FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
A¢¢ounting policie
Icontinutdl
1.5 Expendlture
Expenditure is re¢ogThsed once thero is a legal or tonslru¢tNe obligation to Iransfer e¢onomlc beneffl to
third party, il is probable that a transfer of economic benefits will be required in settlernenl. and the amgunl of
the obligation can be me8sured reliably.
Expenditur¢ is dasstfied by athty- Thg costs of each activity are made up of the total ol direct costs and
Shared o)sts. including support costs involved in undertaking each activity. Direcl ca)sts aitribLrtable to a single
activity a￿ allocated directly to that activity. Sha￿d costs which contribuÉe to more than one actiwly and
support costs whth are not attributable to a single actwity a￿ 8PPOrtiorted belween Ihose activities on a basis
conslstenl with the gf resOU￿s. Contral 51aff costs are allocated on th¢ basis of time spent, and
depreciation charges are allc¢ated on the portion of the a&8et'3 use.
I support and govern8n¢e ¢osls 8re 8IIoc8led lo charitable 8diMlies.
1.6 Fixed asset Investments
Fixed asset inv¢51menls are inth8lly measured at Iransacknon price excluding transaction costs, and are
subsequently measured at fair valuè Bl each reporting date. Changes in fair value are recognised in nel
irKomel{expenditurel for the year. Transaction costs are expensed as incurred.
1.7 Cash and cash equlvalents
Cash and cash equivalents Include cash in hand. deposits held at call with banks, other short-lerm liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts ale shown
within borrowngs in current liabilities.
1.8 Financial instruments
The charity has elecled to apply the provisions of Section 11 'Basic Financial InStrU￿EntS. and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its finanaal instruments.
Finanoal ir¢truments are recognised in the charitys balance sheet when the charity becomes party to the
c¥)ntractual provisions of the instrument.
Financial assets and liabilities are offset. with Ihe nèt amounts presonted in the finsnaal slalemenls, when
Ihgr¢ is a legally enforceabk right to $81 off the recoglllsed arnounls and there is an inlenlK*n to setug on a net
basis or to rèalise the 8sset 8nd sètlle the 118bility simultaneously.
Basic finan¢ial assets
Basic finanaal assets, which include debtors and cash and bank balances, are initially measured al
transaction price including transaction costs and are subsequently carried at amortised cost using thè effectivè
irtlerest method unless the arrangement constitutes a financAng transaction. where the transaction is
mèasured al thè prèsent value of the future Ye￿iptS discovnled at a market rale of interest. Fin8n¢i8188set8
dassified as wcaiv8ble within one year are not arnortised.
Basle flnanclal Ilabllltlos
Baslc finana81 liabilities, including creditors and bank loan8 are initially recogni8ed at tran8action pricè unles8
the arrangement constitutes a financAng transaction, where the debt instrurnent is rneasured al the piesenl
valuè of the future payments discounted at a market rale ol interest. Financi81 liabilities classffied a$ paysble
wllhin one y¢ar are not amortised.
D8bt instnAments ore sub$equenVy c3ry18<18t 8morti8ed t))sl. using the effective interest rale method.
Trade ueditors are obligations lo pay for goods or sèrvzces Ihal have bÈÈn 8cqiJired In the ¢rdinary course of
operations from suppliers. Amount$ payabl¢ aro classified as current liabilities If payment is due within one
year or less. If ￿t, th¢y are presènt¢d as non-cvrwnt liabilities. Trade ¢reditors are ￿cognised initially at
transaction price aNI subsequently measured at amortised cost using Ihe effective interest method.
13-

THE SEEDKEEP FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting polici
(Continued)
Der￿QgnItIOn of flnanclal Ilabllltles
Financial liabilit￿$ are dereco9nised when the charity's contractual obligations ex￿re or are disc*arged or
Can￿lled.
1,9 Employee benefits
The cosl of any unused holiday entitlement is recognised in the period in which the employee'8 service8 are
rec4ived.
Termination benefits are recogn18ed Immediately as an expense when the charlty is d$monstrably committed
to tèmiinat8 Ihè èmployment of an emplctryeè or to provide termln3tion b•nafits.
1.10 Forgign •x¢hango
Tiansadion8 in currencyes other than [Y)U￿15 slprting 8ie reGor¢Jed at the rates of exchange pwailing at the
dates of the transacliony. At each rèporting end d8le, monelary assets and li8bililies that are denomlnated in
foreign (xJrren¢ies are relranslaled al the rates prevailing on the ioporting end date. Gains ond losses arisin9
on translallon In the period are Snduijed in profft or loss.
Inv•stm•nts
Unrestricted Unrestricted
funds
fund
2025
2024
Inoxne from listed investments
Interest receNable
318.752
8.616
351.874
8.403
325.3S8
360.277
Expendi￿re on fdising funds
Unrestricted Unrestricted
funds
fund$
2025
2024
Investment management
47,571
31,294
14-

THE SEEDKEEP FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Exp8ndilure on Charitsble activities
Charftable
aGtlvltle8
2025
Charitsble
activities
2024
Dirg¢t ¢08ts
Grant lu￿ling of activiti8s (see note 51
68,500
Shgro of $upport and go¥gmanco coBts (seg note 61
Support
Govemanr
258
13,740
2.110
16,740
82.498
18,850
Analy918 by fund
Unrestricted fund3
82.498
18,850
Grants payable
Chadtsble
activities
202S
Granls to institLrtion$.'
Flourishing Families
Richard ShephaTd MUS￿ Foundalion
Yorkshfj￿ Dales Millènnium Trust
37.51x1
15,000
16,000
68.500
Support ¢￿ts ollocatod to a¢tivltles
Charitsble
act5vltle$
2025
Totsl
2024
Website costs
Governan
258
13,740
2.110
16,740
13,998
18,850
15-

THE SEEDKEEP FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Support ￿#ts •lloGated to a¢tiviti98
(Continued)
2025
2024
Gov•mane• costs ¢omprise:
Audit fees
Accountancy
Legal and professional
Cortsuttancy
1,750
1.$50
10.200
240
1.500
2.100
10,200
2,940
13,740
16,740
Net movement In funds
2025
2024
The nel mOVw￿&nI in lunds Is staled after ch8rgino/l¢redilingl'.
Fees payablo for Ihe oudit gf Ihg charity's financaal $lalemgnts
1,750
1,500
Trustees
None of the tw$lee8 lor any per80ns connected with them) I￿1Ved 8ny r￿M￿eratiOn or bentsffts from the
charity during the year.
Employe
The average monthly number of employees durhig the yearwas..
2025
Nurn￿r
2024
Number
Total
There wwe no employees whose annual remuneration wa8 more than £60,CQO.
10 Galns and 108s8s on Inv•stm•nts
Unrèstrictèd Unrestrlcted
funds
funds
2025
2024
Gainslllosses) arising on:
Revaluation of investrnents
Sale of investments
1259,74n
112,4161
752.879
137,795}
1272,1e31
715.084
11 Taxation
The charlty Ss exempt from tsxalion on ils activlfje8 becaus? all Ils Ino)me is applied for choritable purposes.
16.

THE SEEDKEEP FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 31 MARCH 2025
12 Flxèd 4$8tst investments
Li¥ted
Investments
Cash in
portfolio
Totsl
Co8tor valuatlon
Al 1 April 2024
Additl¢ns
Valuation thanges
C83h held for investment
Disposals
lo,780.(￿6
2,982.122
1259.747)
246,073
11,026,139
2,982,122
(259,747)
70,290
12.884,5371
70,29)
12.884,537)
Al 31 Marth 2025
10,617,904
318,363
10,934,267
Carrying amount
At 31 Marth 2026
10,617,904
318,363
10.934.267
Al 31 Mar¢h 2024
10.780,066
246.073
11.026,139
13 DebtLYS
2025
2024
Amounts tslling due within one year:
Prepaymants and a￿￿ed Income
11.589
14 Credltor8: amounts falling du¢ within one ygar
2025
2024
TT3de credit
Other¢reditors
Accruels and deferred Ir￿Me
1,740
295
18,826
13,465
19,121
15,205
IS Unrestrtct•d fund*
The unreslricteil funds of the charity comprise the unexpended balanTrs of donations and grants which are
not subject10 Specific conditions by donors and grantors as to how they may be used. These indude
design*ed fund5 which have been set aside out of unrestrided funds by the trustees for specific purposes.
At 1 Aprll
2024
Incomlng
resources
R•sourc
expended
Galns and At 31 March
2025
General funds
11,015,189
325.368
{130,0691
1272,163) 10.938.325
17-

THE SEEDKEEP FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
15 Unrestricted funds
Icontinuedl
Prevlous year:
At 1 Aprfl
2023
Incoffling
re80urce8
Resource
expended
Gains and At 31 March
losses
2024
General funds
9,989.972
380.277
{50,144)
715.084
11.015,189
16 Analysls of net assets bet￿￿n funds
UDr¢$triet•d
funds
2025
At 31 March 2025:
Investments
Current assetsllli8bilities>
10.934,267
4.058
10,938,325
Unretstrictsd
fund8
2024
At 31 Mar¢h 2024:
Investments
Current assetsllliabilitie5}
11,026,139
110,9501
11,015,189
17 Related paty tr•ngactlon8
Induded in other uedilors 18 a balance owed Mr8 K M Harpin by the charity, a twslee of £295 {2024', £NIL).
18 Cash absorbed by 0￿ratIOnS
2025
2024
IDeficil)15urplus for the year
(76,8641
1,025,217
Adjuslments for:
Investment income Tecognised in sLitement of finanaal activities
Loss on disposal of investments
Fair valu8 gains and knss8s on inv&stmenls
1325,3681
12,418
259,747
1360.27n
37.795
1752,879)
Movements in working capitsl-
(Inc￿8$e)/aeCreaS8 in debtors
Increas81ldecseasel in creditors
111,5891
3,916
40,250
17,3831
Cash absorbod by oporntlons
1137,742)
117,277)
18-

THE SEEDKEEP FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
19 Analy¥iJ of changes Sn net funds
Th¥ thaiity had rK) debt during the period.