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2026-04-11-accounts

Trustees’ Annual Report for the period

From 12[th] April 2025 To 11[th] April 2026

Charity name: Seaview Charitable Trust Charity registration number: 1203883

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 The objects of the charity are for the public
benefit to further such exclusively charitable
purposes according to the laws of England
and Wales in any part of the world (objects)
as the trustees may in their absolute
discretion think fit.
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.		 Para 1.17 and
1.19		 In furtherance of the charity’s objects for the
public benefit the trustees provide grants in
accordance with the letter of wishes.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 In determining the charity’s activities, the
trustees have had regard to the Charity
Commission’s guidance on public benefit.

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference
Policy on grant making Para 1.38
Policy on social investment
including program related
investment		 Para 1.38
Contribution made by
volunteers		 Para 1.38
Other

Achievements and Performance

SORP reference
Summary of the main
achievements of the 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 During the year under review the charity
made grants to the following charities
totalling £90,500.
•
Benenden School (Kent) Limited-
307854 (England) £50,000
•
Together With Africa-
1101864
(England) £10,000
•
Greater
Change
Foundation-
1188164 (England) £10,000
•
The British Paralympic Association-
802385 (England) £10,000
•
Multiple Sclerosis Society- 1139257
(England) £10,000
•
Haileybury
Society-
310014
(England) £500

Additional information (optional) You may choose to include further statements where relevant about: Achievements against Para 1.41 objectives set Performance of fundraising Para 1.41 activities against objectives set Investment performance Para 1.41 against objectives Other

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 Total incoming resources for the year were
£29,916 (2025: £34,647), comprising
investment income and bank interest.
During the year the charity made grants
totaling £90,500 (2025: £80,000), funded in
part by a transfer of £71,964 (2025:
£64,363) from the expendable endowment
fund to unrestricted funds to support grant-
making activities.
At the year end the charity held total cash
balances of £45,085 (2025: £162,421), of
which £22,714 (2025: £24,466) represents
unrestricted free reserves. In addition, the
charity held investments within the
expendable endowment fund with a market
value of £2,631,135 (2025: £2,170,574)
These funds are available at the discretion
of the trustees to support the charity’s
objectives.
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 The Trustees pursue a policy of maintaining
a free reserve available to be spent in the
furtherance of the charity’s objectives as
well as covering future needs, opportunities,
contingencies and risks.
Amount of reserves held Para 1.22 At the end of the reporting period the charity
had free reserves of £22,714 (2025:
£24,466).
Reasons for holding zero
reserves		 Para 1.22 N/A
Details of fund materially in
deficit		 Para 1.24 No funds in deficit
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23 N/A

Additional information (optional)

You may 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 Expendable endowment funds are those
which are required to be invested to produce
income, but which may be transferred to
unrestricted funds at the discretion of the
trustees in order that they may be expended
in furtherance of the charity’s objectives.
Unrestricted income funds are available for
use at the discretion of the trustees in
furtherance of the general objectives of the
charity and which have not been designated
for other purposes.
Structure, Governance and Management Structure, Governance and Management Structure, Governance and Management
Description of charity trusts:
Type of governing document Para 1.25 Trust deed dated: 11/04/2023
Date registered: 06/07/2023
How is the charity
constituted?		 Para 1.25 Trust
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 Trustees are appointed by the existing
trustees.
Additional information (optional)
You may choose to include further statements where relevant about:		 Additional information (optional)
You may choose to include further statements where relevant about:		 Additional information (optional)
You may choose to include further statements where relevant about:
Policies and procedures
adopted for the induction
and training of trustees		 Para 1.51
The charity’s organisational
structure and any wider
network with which the
charity works		 Para 1.51
Relationship with any related
parties		 Para 1.51 No trustee received any remuneration or
was reimbursed for any expenses in the
year under review.
Ludlow Trust Company Limited was paid
£12,232
(2025:
£14,164)
for
trust
administration and cash management fees
during the year under review. These fees
are authorised under clause 9 of the trust
deed.
Other

Reference and Administrative details

Charity name Seaview Charitable Trust
Other name the charity uses None
Registered charity number 1203883
Charity’s principal address Ludlow Trust Company Limited
First Floor
Tower Wharf
Cheese Lane
Bristol
BS2 0JJ

Names of the charity trustees who manage the charity

Trustee name Office (if any) Office (if any) Dates acted if not for whole year Dates acted if not for whole year Name of person (or
body) entitled to
appoint trustee (ifany)
Ludlow Trust
Company Limited
Christina Elliott
Jonathan Elliott
Corporate trustees– names of the directors at the date the report was approved
Director name
Walter Ducan Coxon
Alexander Edward Mulroe (Appointed on 01/04/2026)
Ali Reza Sarikhani
Ziba Christina Sakine
Sarikhani
Christopher Ian Thurlow
Matthew John Wickers
Gary St John Collins (Resigned 31/03/2026)

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets
held in this capacity		 N/A
Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects		 N/A
Details of arrangements for
safe custody and
segregation of such assets
from the charity’s own assets		 N/A

Additional information (optional)

Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information) Names and addresses of advisers (Optional information) Names and addresses of advisers (Optional information)
Type of adviser
Name
Address
Investment Managers Coutts & Co
Seven Investment
Management LLP		 2ndFloor, Trinity Quay II, Avon Street,
Bristol BS2 2DH
1 Angel Court, London EC2R 7HJ
Bankers Coutts & Co
Seven Investment
Management LLP		 2ndFloor, Trinity Quay II, Avon Street,
Bristol BS2 2DH
1 Angel Court, London EC2R 7HJ
Accountants Charter Tax Consulting
Limited		 8th Floor, 1 Southampton Street, London
WC2R 0LR
Independent Examiner Katie Wilson Blue Spire Limited, Cawley Priory, South
Pallant, Chichester, PO19 1SY

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Stuart Robinson Position (e.g. Secretary, On behalf of Ludlow Trust Company Chair, etc.) Limited (Trustee) Date 26 August 2026

Seaview Charitable Trust Seaview Charitable Trust Seaview Charitable Trust 1203883 1203883 CC16a
For the period
from		 12/04/2025 To 11/04/2026
Section A Receipts and payments
A1 Receipts Unrestricted
funds
to the nearest £
26,413
3,503
-
29,916
-
-
-
29,916
90,500
-
12,123
900
109
103,632
-
-
-
103,632
- 73,716
71,964
24,466
22,714		 Restricted
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Endowment
funds
to the nearest £
-
-
-
-
360,520
-
360,520
360,520
-
10,186
-
-
-
10,186
393,954
-
393,954
404,140
- 43,620
- 71,964
137,955
22,371		 Total funds
to the nearest £
26,413
3,503
-
29,916
360,520
-
360,520
390,436
90,500
10,186
12,123
900
109
113,818
393,954
-
393,954
507,772
- 117,336
-
162,421
45,085		 Last year
to the nearest £
Income From Investments 26,413 23,335
Interest Received 3,503 11,312
Gift Aid - 500,000
Sub total(Gross income for
AR)		 29,916 534,647
A2 Asset and investment sales,
(see table).
Sale Of Investments - 831,425
MoneyMarket Return - 83,692
Sub total - 915,117
Total receipts
A3 Payments
1,449,764
Grants Awarded 90,500 80,000
Investment Manager Fees - 6,938
Trust Administration Fees 12,123 13,949
Independent Examiners Fees 900 -
Cash Management Fees 109 215
**Sub total ** 103,632 101,102
A4 Asset and investment
purchases, (see table)
Investment Purchases - 1,323,931
- 83,692
**Sub total ** - 1,407,623
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
1,508,725
- 73,716 - - 43,620 - 117,336 - 58,961
71,964 - 71,964 - -
24,466 137,955 162,421 221,382
22,714 - 22,371 45,085 162,421

CCXX R1 accounts (SS)

26/08/2026

1

Section B Statement of assets and liabilities at the end of the period Section B Statement of assets and liabilities at the end of the period Section B Statement of assets and liabilities at the end of the period Section B Statement of assets and liabilities at the end of the period
Categories
B5 Liabilities
B3 Investment assets
B2 Other monetary assets
B4 Assets retained for the
charity’s own use
B1 Cash funds		 Details
Investment Portfolio - Coutts
Investment Portfolio - 7iM
Details
Details
Details
Total cash funds
(agree balances with receipts and payments
account(s))
Details
Capital Account
Income Account		 Unrestricted
funds
to nearest £
-
22,714
-
22,714
OK
Unrestricted
funds
to nearest £
-
-
-
-
-
-
Fund to which
asset belongs
Endowment
Endowment
Fund to which
asset belongs
Fund to which
liability relates		 Restricted
funds
to nearest £
-
-
-
-
OK
Restricted
funds
to nearest £
-
-
-
-
-
-
Cost (optional)
-
-
-
-
-
Cost (optional)
-
-
-
-
-
-
-
-
-
Amount due
(optional)
-
-
-
-		 Endowment
funds
to nearest £
22,371
-
-
22,371
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
1,265,046
1,366,089
-
-
-
Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
-
-
-
-

Signed by one or two trustees on behalf of all the trustees

Signature

Print Name
Stuart Robinson on behalf of Ludlow
Trust CompanyLimited(Trustee)		 Date of
approval
Stuart Robinson on behalf of Ludlow
Trust CompanyLimited(Trustee)		 26 August 2026

CCXX R2 accounts (SS)

26/08/2026

2

Independent Examiner's Report to the Trustees of Seaview Charitable Trust

I report to the charity trustees on my examination of the accounts of the charity for the year ended 11 April 2026.

Responsibilities and basis of report

As the charity’s trustees 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 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 material 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.

  3. accounts comply with regulations

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.

Katie Wilson FCA Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY

Date 26 August 2026