THE SEGELMAN TRUST
Latest income
£754k
Latest spending
£2.4m
Registered
2020
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that total unrestricted reserves stood at £57,194,739, which the trustees confirm are all free reserves available to be spent on the charity's activities. The charity reported a net movement in funds of £5,835,742 for the year, driven by significant net investment gains of £7,444,130 which offset charitable expenditure of £2,092,857.
What the accounts disclose
Reserves policy: sufficient cash to sustain the current level of grant making to beneficiaries and to meet all liabilities that are known or can be reasonably anticipated (held: £57.2m)
“The trustees’ policy is to hold sufficient cash to sustain the current level of grant making to beneficiaries and to meet all liabilities that are known or can be reasonably anticipated, thus avoiding the need to dispose of investments, with the attendant costs and adverse effect on performance.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: T D White was a partner with the solicitors’ firm of White & Co during the year. This firm provided legal advice and services to the charity during the year. Total fees payable to the firm during the year were £10,200. At the year-end there were £13,200 fees outstanding.
“T D White was a partner with the solicitors’ firm of White & Co during the year. This firm provided legal advice and services to the charity during the year. Total fees payable to the firm during the year were £10,200. At the year-end there were £13,200 fees outstanding.” — page 34
“R Eastmond is a director with the firm Greenwood Place which provides office facilities, training and computer equipment for the Director and Senior Executive of the CIO. The total fees payable to the firm during the year were £15,732. Greenwood Place also received reimbursement for accommodation and travel expenses (£662) in connection with reimbursement for trustee and employee travel costs. At the year-end there were no fees outstanding.” — page 34
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: R Eastmond is a director with the firm Greenwood Place which provides office facilities, training and computer equipment for the Director and Senior Executive of the CIO. The total fees payable to the firm during the year were £15,732. Greenwood Place also received reimbursement for accommodation and travel expenses (£662) in connection with reimbursement for trustee and employee travel costs. At the year-end there were no fees outstanding.
“T D White was a partner with the solicitors’ firm of White & Co during the year. This firm provided legal advice and services to the charity during the year. Total fees payable to the firm during the year were £10,200. At the year-end there were £13,200 fees outstanding.” — page 34
“R Eastmond is a director with the firm Greenwood Place which provides office facilities, training and computer equipment for the Director and Senior Executive of the CIO. The total fees payable to the firm during the year were £15,732. Greenwood Place also received reimbursement for accommodation and travel expenses (£662) in connection with reimbursement for trustee and employee travel costs. At the year-end there were no fees outstanding.” — page 34
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: In 2022, a three-year grant of £120,000 was awarded to Acumen Academy, of which Rebecca Eastmond is the Chair of Trustees. The grant was agreed by all the trustees. The objectives of the grant were as discussed in the trustees’ report. The total amount awaiting distribution in relation to this grant at 31 December 2024 was £40,000, payable within one year.
“T D White was a partner with the solicitors’ firm of White & Co during the year. This firm provided legal advice and services to the charity during the year. Total fees payable to the firm during the year were £10,200. At the year-end there were £13,200 fees outstanding.” — page 34
“R Eastmond is a director with the firm Greenwood Place which provides office facilities, training and computer equipment for the Director and Senior Executive of the CIO. The total fees payable to the firm during the year were £15,732. Greenwood Place also received reimbursement for accommodation and travel expenses (£662) in connection with reimbursement for trustee and employee travel costs. At the year-end there were no fees outstanding.” — page 34
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: In 2024 the CIO funded the attendance of six Segelman grantees, at a cost of £28,800, on Lightful’s BRIDGE programme. The CEO of Lightful is a member of the Greenwood Place Advisory Board and a member of Lightful’s staff is related to Segelman’s Senior Executive.
“T D White was a partner with the solicitors’ firm of White & Co during the year. This firm provided legal advice and services to the charity during the year. Total fees payable to the firm during the year were £10,200. At the year-end there were £13,200 fees outstanding.” — page 34
“R Eastmond is a director with the firm Greenwood Place which provides office facilities, training and computer equipment for the Director and Senior Executive of the CIO. The total fees payable to the firm during the year were £15,732. Greenwood Place also received reimbursement for accommodation and travel expenses (£662) in connection with reimbursement for trustee and employee travel costs. At the year-end there were no fees outstanding.” — page 34
Per its FY2024 accounts as filed with the Charity Commission.
Trading subsidiary: Segelman Trust GmbH
“The unquoted shares represented the CIO’s holding in Segelman Trust GmbH, a company incorporated and registered in Switzerland.” — page 39
Per its FY2024 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/12/2024)
Total income
£754k
Total spending
£2.4m
Cost of raising funds
£175k
Reserves (reported)
£57.2m
Employees
2
Register events
- Received assets from another charity (27/10/2022)
Trustees
- CHRISTOPHER JAMES MITCHELL GRAVES
- Chris Shepard
- Rebecca Ann Eastmond
- TIMOTHY DOUGLAS WHITE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £754k | £2.4m |
| 31/12/2023 | £750k | £1.2m |
| 31/12/2022 | £644k | £1.4m |
| 31/12/2021 | £52.2m | £1.4m |
| 31/12/2020 | £0 | £0 |
Common questions
Is THE SEGELMAN TRUST financially healthy?
The accounts state that total unrestricted reserves stood at £57,194,739, which the trustees confirm are all free reserves available to be spent on the charity's activities. The charity reported a net movement in funds of £5,835,742 for the year, driven by significant net investment gains of £7,444,130 which offset charitable expenditure of £2,092,857. Its FY2024 accounts were audited by Buzzacott Audit LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| AURUM KALEIDOSCOPE FOUNDATION | 1 | £9.3m |
| SAMJO LIMITED | 1 | £904k |
| THE HOWE GREEN TRUST | 1 | £100k |
| MOLE CHARITABLE TRUST | 1 | £95k |
| THE ESFANDI CHARITABLE FOUNDATION | 1 | £10k |
| UNSEEN (UK) | 1 | £10k |