L & D SECCOMBE CHARITABLE TRUST UNAUDITED ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2025 CHARITY NO 217988 ck
L & D SECCOMBE CHARITABLE TRUST CONTENTS Page Report of the TTuslees Independent Examiner's reFQrt Statement of financial activities Balance Sheet ststement of Cash Flt)WS Schedule ol Oistritrthions Notes to the financial Statements 9-10 Investment schedule
L & D SECCOMBE CHARITABLE TRUST {Charlty No 217988 TRUSTEES, REPORT The Trustees present their report and financial statements for the year eThJed 05 April 2025. The accounts have been prepared in accordance with the Tnjsvs deed, the Charities Act 2011 and 'kcounts'ng and Reporting by Charities.. Statement of Recommended Practice applicable to charities pparIng their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" las amended for accounting periods commencing from 1 January 20161. The charity was estsblished by Deed on 31 December 1959 by the settlor Leslie Stuart Seccombe, now deceased. The 18rm5 of the Deed direct that the trustees hold Ihe income and capital of the trust for application to such charitable purposes as they in their absolute discrets'on think fit. Tw$t constitution and objects TTU$t•es The trnstees who served during the year were: Hon. Philip S Seccombe Mrs Joanna Mitchell Mrs Philippa Brook PTin¢ipal addrn88 CKCA Limited No 4 Castle Court 2 caSegate Way Dudley West Midlands DY14RH Solicitorn Higgs LLP 3 Waterfront Business Park Brierley Hill Wesl Midlands DY5 1LX Bankers Lloyds Bank plc New Street Birmingham Invostmfrnt Manag•rn Bardays Wealth One Snowhill Snowhill Queensway Birmingham B4 6GN Ralhbones gh Floor. 3 Temple Quay 3 Temple Back East Bristol BS16DZ Page 1
L & D SECCOMBE CHARITABLE TRUST TRUSTEES, REPORT ICONTINUED) Activities and finonclal revlew The charity's financial F4Jsition is set out In the attached aGcounts. The ttustees, policy is lo distribute annually the Income from their investments to charities approved by them. The trustees meet periodically lo consider applications for chantable funding. The tru5tees' charilable distributions for the year amounted lo £42,000 12024 £30.000) and are shown on page 7. The trustees, policy is lo make distributions on a regular basis and to maintain small cash reserve sufficient to meet administration costs. During the year to 5 April 2024 the charrty receNed frjnds and investments from the Mrs DA Seccombe Wll Trust. This Irusl was set up by Mrs Doris Seccombe to provide Income for her daughter, Mrs B M Aber¢rombie, for life with thè capitsl passing to this charity on her death. Mrs B M Abercrombie dled on 11 May 2020 and the trustees released the funds to thè charity on 5 May 2023. The capital received from the Wll Trust consisted of cash of £21.311 and investments with a book cost of £848.840 and value of £938.866. There has been 8 small f811 in the value of Ihe investments held by the trust, however they have generaled income of £45,631 {2024'. £44,497) which enabled the trustees lo make charitable distributions. The balan on unreslricled funds at the end of Ihe year was £1,578,335 {2024'. £1,600,021). The Trustees consider the funds lo be Sufflent to meet the charity's objectives. Investment Policy The charity's funds are invested in a portfolio of listed stc¢ks and shares with the aim of ensuring diversity and producing above average relums of both income and capital growth. The portfolios are managed by inveslrnent advisors and the trustees are guided by them on investment decisions. R•serves Policy The charities fvnds are held in unrestricted fvnds. the trustees do not believe that it is necessary to restrict funds as they have no future commitments. Trustee8 None of the trustees (or Fersons connected with them) receNed afry rerrwjnerats'on or expensès during the year. The trustees have a statutory power of appointment which applies to the chanty and is exercisable by the existing trustees. The trustees, policy on the appointment of a new trustee is lo draw their attention to Charty Commission guidance and publications which explain the char trustee role and responsibilities. The trustees are aware of the charit Commission guidance on public benefit and have given the guidance due regard. Trustees are appointed for their skills sel which is n$Iered an et lo thè furtheran¢e of the objectwes of the charity. On apkX)intment Iruslees read the guidance issued by the Charity Commission for new trusteès. Page 2
L & D SECCOMBE CHARITABLE TRUST TRUSTEES, REPORT (CONTINUED Futur• The truslees, aim is for the charty to continue to generate income and make charitable distributions. As the charity holds listed investments the main risk is a fall in value or income. The trust8&S have sought lo limit this by ensuring a diversified portfolio of investments. A¢¢ounts The accounts are presented in sterling, which is the functional currency of the charity. Amounts are rounded to the nearest £1. Hon. Philip S Seccombe Trustee 29 January 2026 Page 3
L & D SECCOMBE CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT Independent Examlnavs Report lo tho Trustofr6 of L & D Seccombg Chaiitabl• Trust I rekxjrt to the charity Irustees on my examination of the acwunts of the charty for the year ended 5 April 2025 which are set out on pages 5 to 21. Responslbllttlos and basis of report As the charity's tru51ee5 you are reswnsible for the preparalion of the accounts in accordance with the requirements of ihe Charities A¢1 2011 I'the Act'i. I report in respect of my examination of the char'S accounts Carried out under section 145 of the Act and in carying out my 8xaminats.on I have followed all the applicable Directions given by the Charity Commission under section 1451511bl of the Act. Independent examinorfs statement l confirm that l am qualffied to undertake the examination because l am a member of The Inslitulè of Chartered Accountants in England and Wales IICAEW. I have completed my examination. I confim that no material matters have ¢ome to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting recnrds were not kept in respect of the charity as required by section 130 of the Act., or the )UnIS do not accord with those records. I have no Concerns and have come across no other matters in COnnecn with Ihe examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Katy Shepherd FCA OfCK No 4 Castlo Court 2 C•stlogat8 Way Dudley We8t Mkllands DY14RH 29 January 2026 Page 4
L & D SECCOMBE CHARITABLE TRUST STATEldlENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2026 Page 2025 2024 INCOME Investment incom• Income from listed investments 45,631 44,497 Other receipts Sale of investments Legacy from the Mrs DA Sec¢ombe Will Trusl 610,135 859,153 21,312 655,766 924,962 EXPENDITURE Admlnistration oxp•nse8 Ac¢ountsnts' fees and accruals Stockbrokers charges and accruals 2,700 11,159 2.562 11,482 13,859 14,044 Dlstrfbulions to charltles 42,000 30,000 Other payments Purchase of investments 551,220 865,705 607.079 909,749 Net receiptsl (paymentsl lor the ygar 48,687 15.213 {Fall} l Uplift of Investments (to market value) (11,458) 248.461 Funds at start of year 300,653 36,979 Funds at ond of year 337,882 300,653 Page 5
L & D SECCOMBE CHARITABLE TRUST BALANCE SHEET AT5 APRIL 2025 Unre8tsictsd a880ts Page 2025 2024 FIXED ASSETS Llst•d Invostmonts al mark•t value 11-21 1,477,458 1,547,831 CURRENT ASSETS Cash balanS Uoyds Bank plc. Barclays Wealth Ralhbones 12,7¢)8 32,403 58.567 17,965 32,260 6,792 103,678 57,017 Le88 CredltOf8 (due wlthln 1 yearl CKCA Limited Barclays Wealth Rathbones 2,250 192 2,385 203 2,598 {2,801} {4,827) NET CURRETrN ASSETS 100,877 52,190 NET ASSETS 1,578,335 1.600,021 FUNDS OF THE CHARrrY Unrestricted Funds 1.578,335 1,600,021 Tru8tee8' Approval to th• accounts In accordance wrth the engagement lètter dated 12 December 2025. we the trustees approve the accounts set out on pages 5 to 21. We acknowledge our responsibility for the accounts and for providing CK wth all the informats'on and explanations necessary for their compilation. Hon. Philip S Seccombe 29 January 2026 Page 6
L & D SECCOMBE CHARITABLE TRUST STATEMENT OF CASH FLOWS FOR YEAR ENDED S APRIL 2025 2025 2024 Not•8 Cash flows from op•ratlng actlvlil88 Cash generated froml{absorbed by) oper&'on$ 46,661 20,038 N•t Increas•lld•cr•as•l In cash and cash •qulvalents 46,661 20,038 Cash and cash equivalents at the beginning of the year 57,017 36,979 Cash and cash oquival•nts at thè •nd of yéar 103,678 57,017 Page 7
L & D SECCOMBE CHARITABLE TRUST SCHEDULE OF DISTRIBUTIONS TO CHARITIES FOR YEAR ENDED 5 APRIL 2026 Home Start- South Wal¢k$hIre 2,000 Shipston Home Nursing 6,000 Warwickshire & Northamplonshire Air Ambulance 6,000 Veterans Contacl Point The Mulbeny Bush Spinal Muscular Atrophy UK s,0 The Silverlining Brain Injury Charity 1,CM)O stratrord-upon-Avon Foodbank 2,000 Samaritans Stratford-upon-Avon 3,000 The Shakespeare Hospice 3,000 Friends of Heptonstall Museum 1,000 The worcestershi Soldier at The Commandery 2.000 42,0 Page 8
L & D SECCOMBE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED S APRIL 2025 1. Accounting poli¢ios Charity infonnation L&D Seccombe Charitable Trust is a registered charity in England and Wales. Its charity number is 217988. 1.1 Fixod assgt investments Fixed asset investments are inilialty measured at transaction price exduding transaction costs arKI are subsequently measuied at fair value Ibeing market value) at each portIng date. Changes in fair value are recogni5ed in net in¢omellexpenditurel for the year. Transaction costs are expensed as incurred. 12 Cash and cash wuivalgnts Cash and cash equivalents include cash in hand. deposrts held at call wlth banks, other short-tenn liquid investments with original maturities of three months or less. 1.4 Income Income is recognised when charlty is legalW entitled to it after any performan¢e cdItionS have been met, the amounts can be measured reli2bty, and it is probable that income will te received. Incoming resources are shown befo any expenditure. 1.5 Expenditure Expenditure is recognised once the is a legal or constructive obligal*)n to Iransfer econom benefft to a third paty, il is probable that a transfer of economic beneffts will be required in settlement, and the amount of the obligation can be measured reliably. 1.6 8•glc flnanclal a8sets Basic financial assets, which include debtors and cash and bank balances, are initialty measured at tranSaCtn price including transaction costs and are subsequently carried at an¥ytised cost. Financial as8ets classified as receivable within one year are not amorts'sed. Bas1¢ flnan¢lal Ilabllltles Basic financial liabilities, including creditors are initially recognised at Iransacti¢Jn price unless the arrangement wnstitutes a financing transaction, where the debt in51rumenl is measured at th8 present value of the future payments diwunted at a market rate of interest. Financial liabilitie5 classrfied as payable within one year are not amortised. Trade creditors are obligations to pay for goods or services that have b8en acquired in the ordinary course of operations from suppliers. Amunts payable are classffjed as Current liabilities rf payment is (Jue within one year or less. If not, they are presented as non-current liabilities. Trade creditors are rQgnised initially at transaction price and subsequently measured at amortiS8d cost using t effective interest method. Dorecognitlon of financlal Ilabllitie5 Financial liabilities are derecognised when the charity's contractual obligations expire or a diharged or cancelled. Page 9
L & D SECCOMBE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) YEAR ENDED S APRIL 2025 2. Cash g•nerated from I labsorb•d by) operations 2025 2024 Surplus for the year 48,687 15.213 Movements in worklng ¢apital: In¢reasel(Decreasel in credf(ors (2,0261 4,825 Ca$h generatsd fromllabsorbed by) op•ratlons 46,661 20,038 Page 10
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