ANNUAL REPORT
For the financial year ending 5 April 2024
F H SAYERS FOUNDATION
REGISTERED CHARITY NR 293286
TRUSTEES: Paul Harvey. Maxine Blumfield. Sook Yin Harvey. lonut lonescu
ADDRESS: l The Limes, Brentwood, Essex. CM13 2DT
The Charity was founded by way of a Trust Deed, dated 21 August 1985, and both capital
and income can be expended upon such charilable purposes as the Trustees think fi't.
Dividends and interest received were as expected in light of the market conditions for the
year to 5th of April 2024. Total dividends and interest receNed on stocks and shares was
£17,270.92, according to the yearly accounts for the Charity.
There were repayments of £15.0(Xi made against the loan to the church in Norwich, which
loan is fully covered by the market vaiue of the freehold church hdl.
There were no liabilities.
GrantslGifts of £10,800 were made this year arKI the Trustees exercised caution given the
market and fiscal uncertainties.
The Trustees continued to follow the investment policy statement agieed by them. This is
reviewed annually with the benefi't of advice from both an independent fi'nancial adviser
and from Barclays Bank.
Upon the exercise of the Trustees, discretion, some preference was given to the
advancement of the Christian faith in London.
Trustee signatures
Paul Harvey
Maxine Blumfield
Sook Yin Harvey
lonut lonescu
## **F H Sayers Foundation - Receipts & Payments Accounts for Year Ended 05-Apr-24**
|**Receipts**
**2024**
Dividends & Interest on Stocks & Shares
17,270.92
Interest on cash deposits
0.00
Gifts / donations
0.00
Loan repayment
15,000.00
Sundry - Investment Encashment
0.00
32,270.92
**Payments**
Grants/Gifts
10,800.00
Loans
0.00
Legal Advice
792.00
Management costs:
Jackamans Solicitors (see notes to the a/c)
1,860.00
Bookkeeping (see notes to the a/c)
100.00
13,552.00
Surplus/(Deficit) for year
18,718.92
**Statement of Assets & Liabilities as at 5th April 2024**
**2024**
**Assets**
Total investments
1,410,327.95
Barclays Wealth Account
69,373.23
Barclays Business Premium Account
2.01
Loans outstanding
135,000.00
1,614,703.19
**Liabilities**
0.00
**Notes to the Accounts:**
Management Costs 2021/22 & 2022/23
1,860.00
Bookeeping 2022/23
100.00|**2023**
16,805.86
0.00
0.00
0.00
0.00
16,805.86
10,800.00
0.00
888.00
0.00
100.00
11,788.00
5,017.86
**2023**
1,291,426.74
50,654.31
1.98
150,000.00
1,492,083.03
0.00|
|---|---|
|
**Assets**
Total investments
Barclays Wealth Account
Barclays Business Premium Account
Loans outstanding
**Liabilities**
**Notes to the Accounts:**
Management Costs 2021/22 & 2022/23
Bookeeping 2022/23||
Signed: Ionut Ionescu (Chair) Date:
## **EXAMINER’S UNQUALIFIED REPORT (FOR A NON-COMPANY CHARITY)**
## **Independent Examiner’s Report to the Trustees of F H Sayers Foundation Charity No. 293286**
I report to the trustees on my examination of the accounts of the above charity for the year ended 5[th] April 2024.
As the charity 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 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that, in any material respect:
- the accounting records were not kept in accordance with section 130 of the Act or
- the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn to enable a proper understanding of the accounts to be reached.
**Signed: Date:** 22[nd] January 2025 **Name:** Johanne Thomas, FICB PM.Dip
**Relevant profession qualifications or body (if any):**
Institute of Certified Bookkeepers 122-126 Tooley Street London SE1 2TU
Proprietor: Johanne Thomas FICB PM.Dip The Lane, Creeting St. Peter, Ipswich, IP6 8QR T: 01449 490010 E: jo@boaservices.co.uk
_Licensed and regulated by the Institute of Certified Bookkeepers (ICB) and supervised under Money Laundering Regulations 2007_