## **Trustees’ Annual Report for the period** ## **From 06/04/2024 Period start date To 05/04/2025 Period end date** ## **Charity name: THE SEVEN FIFTY TRUST** ## **Charity registration number: 298886** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|The Trust Deed’s objects are wide: to
support general charitable purposes. But the
Trustees exercise their discretion in
supporting the advancement of the Christian
religion in the UK and throughout the world.| |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|The main activity of the charity in the current
year has been to award grants in
accordance with the Trust Deed.| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public benefit|Para 1.18|The Trustees have paid due regard to
guidance issued by the Charity Commission
in deciding what activities the charity should
undertake.| ## **Additional information (optional)** You may choose to include further statements where relevant about: ||SORP reference|| |---|---|---| |Policy on grant making|Para 1.38|The Trustees do not accept any unsolicited
requests for grants.| |Policy on social investment
including program related
investment|Para 1.38|| |Contribution made by
volunteers|Para 1.38|A suitably qualified volunteer has acted as
Independent Examiner. He is in no other
way associated with the Trust.| |---|---|---| |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|The charity has continued in a most
satisfactory manner during the year. The
Trust made donations to twenty three
organisations or individuals totalling
£101335 (2023-2024: £83767)| ## **Additional information (optional)** You may choose to include further statements where relevant about: |Achievements against
objectives set|Para 1.41|| |---|---|---| |Performance of fundraising
activities against objectives
set|Para 1.41|N/A| |Investment performance
against objectives|Para 1.41|| Other ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|Funds available are sufficient to permit the
Trust to continue in operation in the medium
term given the Trustees’ intention to ensure
donations and grants do not reduce the
Trust’s resources materially and allow for an
increase in giving in the future subject to
investment performance| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|The policy of the trustees continues to be
gradually to increase the Trust’s reserves so
as to increase the income available for
distribution.| |Amount of reserves held|Para 1.22|£3,684,218| |Reasons for holding zero
reserves|Para 1.22|N/A| |Details of fund materially in
deficit|Para 1.24|None| |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||| **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|Charitable Trust Deed| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|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|Appointed by Board of Trustees| ## **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|| |Other||| ## **Reference and Administrative details** |Charity name|The Seven Fifty Trust| |---|---| |Other name the charity uses|N/A| |Registered charity number|298886| Charity’s principal address 20 Gorringe Road, Eastbourne BN22 8XL **Names of the charity trustees who manage the charity** ||**Trustee name**|**Office (if any)**|**Dates acted if not for**
**whole year**|**Name of person (or body)**
**entitled to appoint trustee**
**(if any)**| |---|---|---|---|---| |1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|Andrew
Charles Julian
Cornes|Chair||| ||Katherine
Elizabeth
Cornes|||| ||Jonathan
Jackson Clark|||| ||Mary Pauline
Clark|||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| Corporate trustees – names of the directors at the date the report was approved ## **Director name** Name of trustees holding title to property belonging to the charity |**Trustee name**|**Dates acted if not for whole year**|| |---|---|---| |Andrew Charles Julian
Cornes||| |Katherine Elizabeth Cornes||| |Jonathan Jackson Clark||| |Mary Pauline Clark||| |||| |||| ## **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)** **Type of Name Address adviser** **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)** _Andrew Cornes_ **Full name(s)** Andrew Charles Julian Cornes **Position (eg** Chair **Secretary, Chair, etc)** **Date** 04/12/2025 ||**Charity Name**|**Charity Name**|**Charity Name**|**Charity Name**|**Charity Name**|CharityNumber|CharityNumber||**CC16a**| |---|---|---|---|---|---|---|---|---|---| ||**The Seven Fifty Trust**|||||**298886**|||| ||**Receipts andpayments accounts**||||||||| ||**For the period**
**from**||||**To**||||| ||||**6/4/24**||||**5/4/25**||| ||||||||||| |**Section A Receipts and payments**|||||||||| ||**Unrestricted**
**funds**||**Restricted funds**||**Endowment**
**funds**||**Total funds**||**Last year**| ||**to the nearest £**||**to the nearest £**||**to the nearest £**||**to the nearest £**||**to the nearest £**| |**A1 Receipts**|||||||||| |**Investments Dividends/Interest**|**64,801**||**-**||**-**||**64,801**||**60,322**| |**Voluntary Receipts**|**124,376**||**-**||**-**||**124,376**||**87,610**| |**Tax Reclaims**|**22,808**||**-**||**-**||**22,808**||**45,313**| |Partial repayment of loan to unrelated charity|**- 0**||**-**||**-**||**-**||**3,557**| ||**- 0**||**-**||**-**||**-**||**-**| ||**- 0**||**-**||**-**||**-**||**-**| ||**- 0**||**-**||**-**||**-**||**-**| ||**- 0**||**-**||**-**||**-**||**-**| |**_Sub total_**_(Gross income for AR) _|
**211,985**||**-**||**-**||**211,985**||**196,802**| ||||||||||| |**A2 Asset and investment sales,**
**(see table).**|||||||||| |**Proceeds of share disposals**|**209,713**||**- 0**||**- 0**||**209,713**||**391,438**| |**Property Disposal**|**570,755**||**- 0**||**- 0**||**570,755**||**- 0**| |**_Sub total _**|
**780,468**||**- 0**||**- 0**||**780,468**||**391,438**| ||||||||||| |**_Total receipts_ **|
**992,453**||**- 0**||**- 0**||**992,453**||**588,240**| ||||||||||| |**A3 Payments**|||||||||| CCXX R1 accounts (SS) 03/01/2021 1 |**Investment Management Costs**|**17,161**||**-**||**-**||**17,161**||**14,482**| |---|---|---|---|---|---|---|---|---|---| |**Governance Costs**|**- 0**||**-**||**-**||**-**||**-**| |**Costs of Charitable Activities**|**101,335**||**-**||**-**||**101,335**||**83,767**| ||**- 0**||**-**||**-**||**-**||**-**| ||**- 0**||**-**||**-**||**-**||**-**| ||**- 0**||**-**||**-**||**-**||**-**| ||**- 0**||**-**||**-**||**-**||**-**| ||**- 0**||**-**||**-**||**-**||**-**| ||**- 0**||**-**||**-**||**-**||**-**| |**_Sub total_ **|
**118,496**||**-**||**-**||**118,496**||**98,249**| ||||||||||| |**A4 Asset and investment**
**purchases,(see table)**|||||||||| |**Purchase of shares**|**894,179**||**-0**||**-0**||**894,179**||**352,054**| |**Property Purchase**|**74,428**||**- 0**||**- 0**||**74,428**||**-**| |**_Sub total_ **|
**968,607 **||**-0**||**-0**||**968,607 **||**352,054**| ||||||||||| |**_Totalpayments_ **|
**1,087,103**||**- 0**||**- 0**||**1,087,103**||**450,303**| ||||||||||| |**_Net of receipts/(payments)_ **|**-**
**94,650**||**-**||**-**||**-**
**94,650**||**137,937**| |**A5 Transfers between funds**|**- 0**||**-**||**-**||**-**||**-**| |**A6 Cash funds last year end**|**222,232**||**-**||**-**||**222,232**||**84,295**| |**_Cash funds this year end_ **|
**127,582**||**-**||**-**||**127,582**||**222,232**| ||||||||||| ||||||||||| |**Section B Statement of assets and liabilities at the end of the period**|||||||||| |**Categories**|**Details**||||**Unrestricted**
**funds**||**Restricted funds**||**Endowment**
**funds**| ||||||**to nearest £**||**to nearest £**||**to nearest £**| CCXX R2 accounts (SS) 03/01/2021 2 |**B1 Cash funds**|**Bank and Deposits**||**127,582**||**-**||**-**| |---|---|---|---|---|---|---|---| ||||**-**||**-**||**-**| ||||**-**||**-**||**-**| ||**_Total cash funds_**||**127,582**||**-**||**-**| ||(agree balances with receipts and payments
account(s))||OK||||OK| ||||**Unrestricted**
**funds**||**Restricted funds**||**Endowment**
**funds**| ||**Details**||**to nearest £**||**to nearest £**||**to nearest £**| |**B2 Other monetary assets**|**Tax Reclaim Due**||**8,286**||**-**||**-**| ||||**-**||**-**||**-**| ||||**-**||**-**||**-**| ||||**-**||**-**||**-**| ||||**-**||**-**||**-**| ||||**-**||**-**||**-**| ||||||||| ||**Details**||**Fund to which asset**
**belongs**||**Cost (optional)**||**Current value**
**(optional)**| |**B3 Investment assets**|**Investment Assets**||**Unrestricted**||**-**||**3,548,351**| ||||||**-**||**-**| ||||||**-**||**-**| ||||||**-**||**-**| ||||||**-**||**-**| ||||||||| ||**Details**||**Fund to which asset**
**belongs**||**Cost (optional)**||**Current value**
**(optional)**| CCXX R3 accounts (SS) 03/01/2021 3 |**B4 Assets retained for the**
**charity’s own use**|||||||**-**||**-**| |---|---|---|---|---|---|---|---|---|---| ||||||||**-**||**-**| ||||||||**-**||**-**| ||||||||**-**||**-**| ||||||||**-**||**-**| ||||||||**-**||**-**| ||||||||**-**||**-**| ||||||||**-**||**-**| ||||||||**-**||**-**| ||||||||||| ||**Details**||||**Fund to which**
**liability relates**||**Amount due**
**(optional)**||**When due**
**(optional)**| |**B5 Liabilities**|||||||**-**||| ||||||||**-**||| ||||||||**-**||| ||||||||**-**||| ||||||||**-**||| ||||||||||| |Signed by one or two trustees on behalf
of all the trustees|Signature||||Print Name||||Date of approval| ||**_Andrew Cornes_**||||**ANDREW CORNES**||||**4/12/25**| ||**_Katherine Cornes_**||||**KATHERINE CORNES**||||**4/12/25**| CCXX R4 accounts (SS) 03/01/2021 4 ## **Independent examiner's report on the accounts** **Section A Independent Examiner’s Report** **Report to the trustees/** Charity Name **members of** Seven Fifty Trust **On accounts for the year** 5 April 2025 **Charity no** 298886 **ended (if any)** ## **Set out on pages** (remember to include the page numbers of additional sheets) I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 5 April 2025 **Responsibilities and** As the charity trustees, you are responsible for the preparation of the **basis of report** accounts in accordance with the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 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 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 did not accord with the accounting records; or - • the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination. 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. **Signed:** Andrew N Russell **Date:** 16 January 2026 **Name:** Andrew Neville Russell Chartered Accountant **Relevant professional qualification(s) or body (if any):** 5 Walford House **Address:** 20 Silverdale Road Eastbourne BN20 7AZ 1 **October 2018** **IER** ## **Section B Disclosure** Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). **Give here details of any** Not applicable **items that the examiner wishes to disclose** . 2 **October 2018** **IER**