**TRUSTEES’ ANNUAL REPORT AND RECEIPTS AND PAYMENTS ACCOUNTS** For the period from 30 June 2025 to 31 March 2026 **Registered charity number 1213859** _Enriching Gretton Community_ **TRUSTEES’ ANNUAL REPORT AND ACCOUNTS** ## **1. Reference and administrative details** |**Registered charity name**|Susan Forsey Foundation| |---|---| |**Charity number**|1213859| |**Legal structure**|Charitable Incorporated Organisation (Foundation
model)| |**Date registered**|30 June 2025| |**Principal address**|Barn House, 74 High Street, Gretton, Northamptonshire,
NN17 3DF| |**Trustees**|Terence Francis Forsey; Alexander Forsey; Stuart
Forsey; Georgina Marsh| |**Website**|www.susanforsey.org.uk| |**Email**|contact@susanforsey.org.uk| ## **2. Structure, governance and management** The Susan Forsey Foundation is a Charitable Incorporated Organisation (CIO) operating under the Foundation model. It is governed by its constitution and was registered with the Charity Commission for England and Wales on 30 June 2025. The trustees are responsible for the strategic direction, governance and administration of the Foundation. Trustees are appointed in accordance with the constitution, having regard to the skills, experience and local knowledge needed to support the charity’s work. During the period, the trustees maintained policies covering conflicts of interest, financial controls and reserves. The Foundation had no employees. Its work was undertaken by the trustees and volunteers. ## **3. Objectives and activities** ## **Charitable purposes** The Foundation exists for the public benefit to advance charitable purposes selected by the trustees, particularly the advancement of the arts, culture, or science; amateur sport; environmental protection or improvement; and the relief of people in need because of youth, age, ill-health, disability, or financial disadvantage. It carries out these purposes by providing grants to voluntary and not-for-profit organisations within the Parish of Gretton, Northamptonshire. ## **How the Foundation pursued its purposes** - Raised funds through donations and community activities. - Maintained proportionate grant-making, financial-control and conflict-management arrangements. - Provided £700 of financial support to an organisation or organisations serving charitable purposes. - Retained funds to support future grant rounds and strengthen the Foundation’s capacity to assist the Gretton community. ## **Public benefit** The trustees confirm that they have had regard to the Charity Commission’s guidance on public benefit when deciding the Foundation’s activities and the support it provides. Grant decisions are directed towards charitable purposes and benefit within the Parish of Gretton. ## **4. Achievements and performance** This was the Foundation’s first reporting period. The principal achievement was to establish the charity on a sound footing, raise its first funds and begin applying those funds for the benefit of the Gretton community. Susan Forsey Foundation | Registered charity 1213859 Page **TRUSTEES’ ANNUAL REPORT AND ACCOUNTS** The Foundation received £6,460 during the period, comprising £6,250 in donations and £210 from activities. It paid £700 to organisations in furtherance of its charitable purposes. The remaining £5,760 was carried forward for future charitable activity. The trustees consider that this represents a positive first reporting period: the Foundation has begun its grantmaking work while preserving a useful base from which future awards can be made. ## **5. Financial review** ## **Financial result** Total receipts were £6,460, and total payments were £700, resulting in net receipts of £5,760. As this was the Foundation’s first accounting period, there was no opening cash balance. Cash funds at 31 March 2026 were therefore £5,760. All funds shown in these accounts are treated as unrestricted. The Foundation had no trading or investment income, no payments to individuals, no employees and no liabilities recorded at the end of the period. ## **Reserves policy** The trustees aim to retain sufficient unrestricted reserves to meet grant commitments, modest operating costs and unexpected demands, while ensuring that funds are put to charitable use within a reasonable period. The closing unrestricted reserve of £5,760 provides a practical base for the next grant cycle. The policy and level of reserves will be reviewed annually. ## **Going concern** The trustees are satisfied that the Foundation has adequate resources to continue its activities for the foreseeable future. The accounts have therefore been prepared on a going-concern basis. ## **6. Principal risks and controls** The Foundation’s principal risks are that fundraising may not be sufficient to meet demand, funds may be awarded outside the charity’s purposes, or conflicts of interest may affect decisions. The trustees manage these risks through documented financial controls, eligibility checks, collective decision-making and declarations of interest. ## **7. Plans for the next period** - Run further application and grant-award rounds for eligible Gretton organisations. - Develop donations and community fundraising to widen the funds available. - Review the impact of awards and use that learning to improve future grant-making. - Keep governance, reserves and financial controls proportionate as the Foundation grows. ## **8. Trustees’ responsibilities** The trustees are responsible for preparing the Trustees’ Annual Report and accounts in accordance with applicable charity law. They are responsible for keeping accounting records that disclose the charity’s financial position with reasonable accuracy, safeguarding its assets and taking reasonable steps to prevent and detect fraud and other irregularities. The trustees have prepared these accounts on the receipts and payments basis. The Foundation’s income for the period was below the statutory threshold for independent examination. ## **Approval** This report was approved by the trustees and signed on their behalf by: **Signed Name** Terence Francis Forsey **Date** 5 August 2026 Susan Forsey Foundation | Registered charity 1213859 Page **TRUSTEES’ ANNUAL REPORT AND ACCOUNTS** ## **Receipts and payments accounts** For the period from 30 June 2025 to 31 March 2026 ||||| |---|---|---|---| |**Receipts and payments**|**Unrestricted**
**£**|**Restricted**
**£**|**Total**
**£**| ||||| |**RECEIPTS**|||| ||||| |Donations|6,250|-|6,250| ||||| |Income from activities|210|-|210| ||||| |**Total receipts**|**6,460**|**-**|**6,460**| ||||| |**PAYMENTS**|||| ||||| |Grants and support paid to organisations|700|-|700| ||||| |**Total payments**|**700**|**-**|**700**| ||||| |**Net receipts for the period**|**5,760**|**-**|**5,760**| ||||| |Cash funds at the start of the period|-|-|-| ||||| |**Cash funds at the end of the period**|**5,760**|**-**|**5,760**| ## **Statement of assets and liabilities at 31 March 2026** |||| |---|---|---| |**Statement of assets and liabilities**|**Unrestricted**
**£**|**Total**
**£**| |||| |||| |Cash at bank and in hand|5,760|5,760| |||| |Other monetary assets|-|-| |||| |Assets retained for the charity’s own use|-|-| |||| |Liabilities|-|-| |||| |**Net assets**|**5,760**|**5,760**| ## **Notes to the accounts** ## **1. Basis of preparation** The accounts have been prepared on the receipts and payments basis. Receipts are recognised when received and payments when paid. The statement of assets and liabilities records the charity’s assets and liabilities at the period end. ## **2. Fund accounting** Unrestricted funds are available for use at the trustees’ discretion in furtherance of the Foundation’s charitable purposes. All receipts, payments and closing funds in these accounts have been treated as unrestricted. No restricted funds were held during the period. ## **3. Donations and activity income** Donations received during the period were £6,250. A further £210 was received from activities. There was no trading or investment income. Susan Forsey Foundation | Registered charity 1213859 Page **TRUSTEES’ ANNUAL REPORT AND ACCOUNTS** ## **4. Charitable payments** Payments of £700 were made to organisations in furtherance of the Foundation’s charitable purposes. No payments were made directly to individuals. ## **5. Trustees, employees and related costs** The Foundation had no employees. No trustee received remuneration, benefits or reimbursement of expenses during the period. ## **6. Assets and liabilities** At 31 March 2026, the Foundation held £5,760 in cash at bank and in hand. No other assets, liabilities or material commitments were recorded. ## **7. First accounting period** The Foundation was registered on 30 June 2025. These are its first accounts and therefore no comparative figures are shown. ## **Trustee approval of the accounts** The accounts were approved by the trustees and signed on their behalf by Terence Francis Forsey. Signature: ____________________________________ Date: _____5 August 2026_______________ Susan Forsey Foundation | Registered charity 1213859 Page