REGISTERED COMPANY NUMBER: 07485524 (England and Wales)

REGISTERED CHARITY NUMBER: 1140395

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

THE GREG SECKER FOUNDATION

Page

Report of the Trustees

1

to

4

Statement of Financial Activities

5

Balance Sheet

6

to

7

Notes to the Financial Statements

8

to

14

The Trustees present their annual report together with the financial statements for the 1 January 2024 to 31 December 2024. The Trustees confirm that the Annual Report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) as amended by Update Bulletin 1 (effective 1 January 2019).

Since the company qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required.

OBJECTIVES AND ACTIVITIES

Objectives and aims

The Greg Secker Foundation is a Not for Profit organisation committed to positively improving the quality of lives of people around the world. We focus on education life skills and leadership initiatives and we strive to equip communities with the essential tools for success. Our mission is to enable people to reach their full potential thereby transforming their lives and ultimately that of their community.

Public benefit

The Trustees confirm that they have complied with the duty in the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit. The Trustees have referred to this guidance when reviewing the charity's aims and objectives and in planning future activities of the charity.

The Foundations current key objective is a community project in the Philippines which is the continuation of the Build a House, Build a Home project which created 100 homes in the Philippines for people affected by Typhoon Haiyan which hit the region in November 2013. The construction of the village was completed in January 2018. The scope of the new project is to create a sustainable community which will serve as a model for robust and affordable communities rebuilt after natural disaster.

Social investments

ACHIEVEMENTS AND PERFORMANCE

a. REVIEW OF ACTIVITIES

Initiatives the Foundation supports:

Build a House, Build a Home, Restore a Community

The Greg Secker Foundation Village has been officially recognised as part of the municipal town of Lemery, Iloilo. The Homeowners Association has gone from strength to strength. The Foundation sponsored the Acamdic year feeding programme at the adopted Capinahan Primary School , having a significant impact on the nutrition of the school pupils from the Village. The Village continues with its self-sustainability programs implemented through he teachings of Ric Patricio. The Village now has its own grocery store, a vegetable farm and other agricultural initiative. Each Wednesday the villages secure a spot at local market where they sell or barter produce.

As reported last year the remaining work to be completed in respect to the infrastructure within the Greg Secker Foundation Village is further development of the road to the village. The Foundation has been assisting by working with the local team on how to encourage local government to commit to improving the public infrastructure serving the area. This work continues but has been slowed due to the Pandemic.

Once again these initiatives have been supported by donations from the charity's sister company, Learn To Trade Ltd, although Learn to Trade has decreased its fund-raising activities via clientele the Company has continued to give great support to the Foundation's projects.

Charity Supported

The Greg Secker Foundation current focus is supporting the Greg Secker Foundation, Philippines Inc.

Future Plans

Build a House, Build a Home

The Foundation will continue to support the Community projects in the Philippines.

Reserves Policy

As at 31 December 2024 the charity held unrestricted reserves of £(10,281) (2023: £122,834). It is the policy of the Trustees to maintain sufficient reserves to continue meeting the Charity's objectives for a foreseeable period, even if there is a decrease in its incoming resources. The Trustees consider that the Charity will be able to continue to raise sufficient funds to continue pursuing its objectives.

During the year ended 31 December 2024, the Trustees have continued to focus on the Community projects for the Build a House, Build a Home. It was felt that in order for the overall project to be a success that the Foundation must support the sustainability initiatives. Focus will remain as the continuation of raising funds for additional projects next year.

GOING CONCERN

After making appropriate enquiries, the Trustees a reasonable expectation that the company has adequate resources, and ability to raise sufficient funds to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.

Structure, Governance and Management

a. CONSTITUTION

The company is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 05/01/2011.

The company is constituted under a Memorandum of Association dated 05/01/2011 and is a registered charity number 1140395.

The name of the company was changed from the Knowledge to Action Foundation to the Greg Secker Foundation on 19/04/2015 to assist the company with its fundraising aims.

Greg Secker founded The Greg Secker Foundation in November 2010 with the aim of leveraging knowledge and contacts in the world of currency trading and international seminars to better the lives of disadvantaged children around the world. The Foundation focuses on helping children's charities and education initiatives but has recently expanded to assisting adults and families also.

b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES

New Trustees are appointed by the existing Trustees and serve for 5 years after which they may put themselves forward for re appointment. The Trust Deed provides for a minimum of 3 Trustees and a maximum of 9 Trustees, with no more than 3 Trustees due for re appointment in any one year. There are currently four Trustees.

c. ORGANISATIONAL STRUCTURE AND DECISION MAKING

The Foundation is headed by Chairman Greg Secker, who is advised by the Board of Trustees who have key skills in development, company operations and charitable fulfilment. Strategic management, direction and high level objectives are conceived and observed at this level and Tactical management falls within the remit of the Foundation Manager, DR June Sanico.

At the Trustees meetings, the Trustees agree the board strategy and areas of activity for the foundation, including consideration of the Foundation's activities in the forthcoming year and potentially beyond. They also consider any grant applications received and set budgets for each project that the Foundation is involved in. In 2019 the key project for the Foundation remained Build a House, Build a Home, Restore a Community, which is a housing building project in the Philippines for victims of typhoon Haiyan. In order to raise funds for the Foundation and the Build a House, Build a Home project, we put our youth programmes on hold and focused on saving the funds donated by Learn to Trade and Smart Charts.

There were no other changes other than those listed on page 1.

STRUCTURE, GOVERNANCE AND MANAGEMENT

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

07485524 (England and Wales)

Registered Charity number

1140395

Registered office

81 Bridge Road

East Molesey

Surrey

KT8 9HH

Trustees

G J Secker

Ms B A Honig

J F Demartini

P A J Wynn

Approved by order of the board of trustees on 18th September 2025 and signed on its behalf by:

G J Secker - Trustee

2024

2023

Unrestricted

Total

fund

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and capital grants

1

2,715

Other income

3,584

12,864

Total

3,585

15,579

EXPENDITURE ON

Charitable activities

2

139,235

4,543

Other

-

(1,499

)

Total

139,235

3,044

NET INCOME/(EXPENDITURE)

(135,650

)

12,535

RECONCILIATION OF FUNDS

Total funds brought forward

125,369

112,834

TOTAL FUNDS CARRIED FORWARD

(10,281

)

125,369

2024

2023

Unrestricted

Total

fund

funds

Notes

£

£

FIXED ASSETS

Investments

5

1

1

CURRENT ASSETS

Debtors

6

215,640

344,250

Cash at bank

126

589

215,766

344,839

CREDITORS

Amounts falling due within one year

7

(226,048

)

(219,471

)

NET CURRENT ASSETS/(LIABILITIES)

(10,282

)

125,368

TOTAL ASSETS LESS CURRENT LIABILITIES

(10,281

)

125,369

NET ASSETS/(LIABILITIES)

(10,281

)

125,369

FUNDS

8

Unrestricted funds

(10,281

)

125,369

TOTAL FUNDS

(10,281

)

125,369

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 18th September 2025 and were signed on its behalf by:

G J Secker - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

The Greg Seeker Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

For legacies, entitlement is taken as the earlier of the date on which either: the company is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the company has been notified of the executor's intention to make a distribution. Where legacies have been notified to the company, or the company is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use.

Support costs are those costs incurred directly in support of expenditure on the objects of the company and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements.

Charitable activities and Governance costs are costs incurred on the company's educational operations, including support costs and costs relating to the governance of the company apportioned to charitable activities.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.

Reconciliation with previous generally accepted accounting practice

In preparing these accounts, the Trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was required.

No restatements were required.

Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless fair value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and shown in the heading 'Gains/(losses) on investments' in the Statement of financial activities incorporating income and expenditure account.

Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the Bank.

Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at Bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.

2.	CHARITABLE ACTIVITIES

Raising donations and legacies

2024

2023

£

£

Support costs

500

-

3.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st December 2024 nor for the year ended 31st December 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31st December 2024 nor for the year ended 31st December 2023.

4.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

fund

£

INCOME AND ENDOWMENTS FROM

Donations and capital grants

2,715

Other income

12,864

Total

15,579

EXPENDITURE ON

Charitable activities

4,543

Other

(1,499

)

Total

3,044

NET INCOME

12,535

RECONCILIATION OF FUNDS

Total funds brought forward

112,834

TOTAL FUNDS CARRIED FORWARD

125,369

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

MARKET VALUE

At 1st January 2024 and 31st December 2024

1

NET BOOK VALUE

At 31st December 2024

1

At 31st December 2023

1

There were no investment assets outside the UK.

The company's investments at the balance sheet date in the share capital of companies include the following:

K2AF Trading Limited

Registered office: Suite 3, First Floor, Steeple House, Church Lane, Chelmsford, Essex, England, CM1 1NH

%

Class of share:

holding

Ordinary

100

6.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

215,640

344,250

7.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed to group undertakings

18,560

18,560

Amts owed by/to related party

204,489

197,911

Accrued expenses

2,999

3,000

226,048

219,471

8.	MOVEMENT IN FUNDS

Net

movement

At

At 1.1.24

in funds

31.12.24

£

£

£

Unrestricted funds

General fund

125,369

(135,650

)

(10,281

)

TOTAL FUNDS

125,369

(135,650

)

(10,281

)

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

3,585

(139,235

)

(135,650

)

TOTAL FUNDS

3,585

(139,235

)

(135,650

)

Comparatives for movement in funds

Net

movement

At

At 1.1.23

in funds

31.12.23

£

£

£

Unrestricted funds

General fund

112,834

12,535

125,369

TOTAL FUNDS

112,834

12,535

125,369

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

15,579

(3,044

)

12,535

TOTAL FUNDS

15,579

(3,044

)

12,535

A current year 12 months and prior year 12 months combined position is as follows:

Net

movement

At

At 1.1.23

in funds

31.12.24

£

£

£

Unrestricted funds

General fund

112,834

(123,115

)

(10,281

)

TOTAL FUNDS

112,834

(123,115

)

(10,281

)

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

19,164

(142,279

)

(123,115

)

TOTAL FUNDS

19,164

(142,279

)

(123,115

)

9.	RELATED PARTY DISCLOSURES

As at the balance sheet date, the charity owed £204,489 (2023: £197,911) to Knowledge to Action Limited and £18,560 (2023: 18,560 ) to K2AF Trading Limited. Both companies associated with the charity through G Secker, a Trustee of the charity and are not interest bearing and are repayable upon demand.

As at the balance sheet date, the charity was owed £NIL (2023: £132,194) by Knowledge to Action Pty Ltd and £215,640 (2023: £212,056) by Smartcharts Limited. Both companies associated with the charity through G Secker, a Trustee of the charity.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties of the company are the Trustees throughout the year under review and the prior period.