The Ken Wrigley Memorial Charity
Registered Charity Number: 1071210
TRUSTEES, ANNUAL REPORT AND FINANCIAL STATEMENTS
YEAR ENDED 5 APRIL 2024
Higgs LLP
3 Waterfront Business Park
Brierley Hill
West Midlands
DY5 ILX

The Ken Wrigley Memorial Charity
Index to the Financial Statements
Year ended 5 April 2024
Page
Contents
Reference and Administrative Information
Trustees, Annual Report
statement of Financial Activities
Balance Sheet
10-12
Notes to the Accounts
13
Independent Examiner's Report

The Ken Wrigley Memorial Charity
Reference and Administrative Information
Year ended 5 April 2024
Governing Document
The Charity is governed by a Declaration of Trust dated
18 May 1998.
The Charity's registered charity number is 1071210.
Trustees
Mrs Sharon Ann Hallmark
Mr Mark Allan Guest
Mr Peter Roy Guest (retired on 27 August 2023)
Mr John Bruce Rostron
Secretary to the Trustees
Ms Kirsty McEwen
Prinicipal Office
Higgs LLP
3 Waterfront Business Park
Brierley Hill
West Midlands
DY5 ILX
Solicitors
Higgs LLP
3 Waterfront Business Park
Brierley Hill
West Midlands
DY5 ILX
Investment Managers
Rathbones Envestment Management
l Temple Row
Birmingham
B2 5LG
Bankers
CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Mailing
Kent
ME19 4JQ
Independent Examiners
Churchill Taxation
835 Birimingham New Road
Tipton
West Midlands

' The Ken Wrigley Memorial Charity
Trustees, Annual Report
Year ended 5 April 2024
The Trustees present their annual report and financial statements of the Charity for the year
ended 5 April 2024. The financial statements have been prepared in accordance with the
accounting policies set out in note I to the accounts and comply with the Charity's governing
document, the Charities Act 2011, and the Statement of Recommended Practice applicable to
the charities preparing their accounts with the Financial Reporting Standard applicable on I
January 2019.
structure Governance and Management
The Charity was registered with the Charity Commission on 26 August 1998 under registered
charity number 1071210, and is constituted under a Declaration of Trust dated 18 May 1998.
The Charity does not actively fundraise and seeks to continue the charitable work desired by
the Settlor through the careful stewardship of its existing resources.
The Trust Deed provides for a minimum of three Trustees. There is no maximum.
The First Trustees are entitled to hold office for life. Any future Trustees are appointed by
resolution of the Trustees and must be appointed for a term of office of five years.
Trustees must hold one meeting each year, either in person or by suitable electronic mean5.
The quorum at any meeting is at least one third of the total number of Trustees at the time,
or two, whichever is the greater.
At the Trustees, meetings, the Trustees agree the broad strategy and areas of activities for
the Charity, including consideration of grant making, investment, level of reserves and risk
management.
The day to day administration of grants and the processing and handling of applications prior
to consideration by the Trustees is delegated to the Secretary. The Secretary will consider
the monitoring information concerning the performance of grants to date and make
recommendations to the Trustees concerning the extension, cessation, or suspension of
existing grant approvals.
The Trustees would take account of the recommendations of the ICSA best practice guide
'Recruitment, Appointment and Induction of Charity Trustees, should the need to recruit new
Trustees arise. The Trustees would look to recruit in light of an appropriate skills audit of the
current Board and taking into account the experience, expertise and diversity of the current
Board, as well as their knowledge of the Charity's area of benefit and beneficial class,
New Trustees may be sought by open advertisement or through a dialogue with major grant
recipients and local community groups respecting the ethos of the Charity to continue the
charitable work intended by the settlors, the Trustees actively seek those with a knowledge
of the local area when considering any prospective candidate. The ultimate decision on
selection is a matter for the Trustees.

' The Ken Wrigley Memorial Charity
Trustees, Annual Report
Year ended 5 April 2024
On appointment, new Trustees sign a Trustee Declaration and Undertaking committing them
to the giving of their time and expertise. It also confirms their ability to act in the role of
Trustees. The induction process has been changed to follow the ICSA good practice guide
with a formal induction programme for any newly appointed Trustee being led by the
Secretaryi to include an initial meeting with the Chair, followed by a series of short meetings
with the Secretary on investments, the grant making process and the duties and
responsibilities of the Trustee Board. A welcome pack is provided and includes, amongst
other information and guidance, a brief history of the Charity, copy trustee board minutes, a
copy of the recently filed annual reports and accounts, a copy of the governing document and
a copy of the Charity Commission's guidance'The Essential Trustee.. What You Need to Know,
and 'Charities and Public Benefit,.
The Trustees intend in the upcoming year, with the support of the Secretary, to developing a
code of conduct for Trustees including formal statements of roles and responsibilities and to
undertake work on the Charity Governance Code.
All Trustees give their time freely and no Trustees remuneration was paid in the year.
Trustees are entitled to claim reasonable out of pocket expenses and where they do, those
are noted in the accounts.
Trustees are required to disclose annually (and as they arise) any potential interests which
might conflict and register them with the Secretary and in accordance with the Charity's
written conflicts of interest policy.
Risk Management
The Trustees have considered the major risks to which the Charity is exposed and have
reviewed those risks and established systems and procedures to manage those risks.
The major financial risk is the variability of investment returns on the portfolio and its impact
on income levels and capital growth. The Trustees have actively sought to manage this risk
by appointing Rathbones Investment Managers as Discretionary Manager of the investment
portfolio. Their role is to monitor the performance of the portfolio, to take appropriate action
to mitigate any loss to the portfolio, and to ensure that the objectives as detailed in the
Investment Policy Statement are following and reviewed annually.
The major operational risk is the extent to which grants awarded to individuals and
charitable or not for profit organisations advances the objects of the Charity and demonstrate
sufficient public benefit. The Charity has managed its risk by retaining Trustees of sufficient
expertise and experience, and through the quality of the institutions and the people who they
support. In addition, the Trustees rely on the Secretary to undertake appropriate and
proportionate due diligence on applications and ensure all grant giving retains a focus on the
public benefit.
The major regulatory impact of the Common Reporting Standard ('the CRS,), on the
operation of the Charity. CRS is being an international tax transparency regime aimed at
preventing tax evasion. CRS came into force from l January 2016 and the Charity is now
required to provide i nformation about their beneficiaries and tax residency status to HMRC,
who will then share this information with the appropriate tax authority in other jurisdictions.

' The Ken Wrigley Memorial Charity
Trustees. Annual Report
Year ended 5 April 2024
The Charity is subject to this regime because it relies on investments for more than 500/0 of
its income and those investments are professionally managed by a financial institution under
discretionary mandate. This means the Trustees are required to carry out due diligence to
establish a tax residency status of all beneficiaries, keep records of efforts to comply with the
regime, register with HMRC as a financial institution {"Financial Institution") if they have
reporting requirements and report to HMRC if required.
The grant application process is reviewed annually and the grant application form expanded
to collect the necessary due diligence information that is required in order to establish tax
residency status of all grant recipients, both individuals and charity and not for profit
organisations. This includes additional information including tax resident jurisdiction, tax
identification number (for individuals) and entity status (for organisations). The Trustees will
keep this under review.
Objects and Activities for the Public Benefit
The objects of the Charity are "to make grants for charitable purposes for charities and
individuals resident in the parish of Kinver in the County of Stafford"
The Trustees confirm that they have referred to the guidance contained in the Charity
Commission's general guidance on public benefit when reviewing the Charity's objects and
purposes and in planning future activities and setting the grant making policy for the year.
The Charity carries out these objects by providing grants to individuals (for charitable
purposes) and charitable and not for profit organisations within the parish of Kinver in the
County of Stafford.
By focusing on these areas, the Charity achieves its strategic priorities of maintaining a
stable grant making programme, with balancing support to charities and voluntary
organisations (for exclusively charitable purposes).
Grant Making Policy
The Trustees have to power to spend the income and capital in furtherance of the objects.
The Charity has established its grant making policy to achieve its objects for the public
benefit, to improve the lives of individuals and to support to charitable and not for profit
organisations (for exclusively charitable purposes) operating within the area of benefit. The
Trustees review the grant making policy annually to ensure it reflects the Charity's objects
and thereby advances public benefit.
The Charity's beneficiaries are individuals and charitable and not for profit organisations (for
exclusively charitable purposes) within the prescribed area of benefit.
The general policy of the Trustees is not to give retrospective grants and the Trustees will
only consider one application from any applicant in any one financial year unless there are
exceptional circumstances.
Grant Making Procedure
Applications can only be considered if they are on the Charity's standard application form.
The application form must be completed and returned (together with a copy of any
supporting information relevant to the application) to the Secretary at least four weeks
before the meeting at which the application is to be considered.

' The Ken Wrigley Memorial Charity
Trustees. Annual Report
Year ended 5 April 2024
The Trustees meet at least twice a year to consider applications.
It is the policy of the Trustees to consider grants on an equal opportunities basis, regardless
of gender, religion and ethnic background.
Public Benef it
The Trustees confirm that they have referred to the information contained in the Charity
Commission's general guidance on public benefit when reviewing the Charity's objects and
activities, their grant making policy and plans for future periods.
The objects and attivities of the Charity are largely determined by the provisions of the Trust
Deed, and from there the Trustees exercise a discretion in considering how best to meet the
public benefit test and ensure that as many individLtals and charitable and not for profit
organisations (for exclusively charitable purposes) benefit.
Monitoring and Achievement
The Trustees have continued with an aspiration to seek a reasonable return over the long
term. In recent years the portfolio has shown a welcomed recovery and it is considered that
the long term objectives to meet income needs and grow the capital remain obtainable.
During the year the performance of the principal investment portfolio was managed by
Rathbones Investment Management and was considered satisfactory with all benchmarks
being largely achieved.
Grants awarded during the period are listed on page 10 of the accounts.
Financial Review
The Charity's work is entirely reliant on income and investment returns from its capital. As
at 5 April 2024, the value of the capital fund stood at £1,787,195.35 (2023.. £1,750,241.74).
During the year the income of the Charity was £58,734.21 (2023: £58,415.86).
Investment Policy and Performance
The investment powers of the Trustees are wide and allow the Trustees to invest funds in any
matter (after taking such advice as they consider necessary) and having regard to the
suitability of investments and need for diversification.
The principal investment holdings of the Charity comprise funds and portfolios of quoted
securities. As at 5 April 2024, the value represented IOOO/o of the Charity's investments.
The management of the portfolio is undertaken on a discretionary management basis by
Rathbones Investment Management and the written investment policy is reviewed on at least
an annual basis by the Secretary in conjunction with the investment managers and
ultimately approved by the Trustees.
Following investment advice, the Trustees agreed to retain cash on deposit with Rathbones
Investment Management for the capital account of £83,782.35 (compared with 2023:
£5,655.74) and for the broker account of £2,203.47 (compared with 2023: £1,415.25). Cash
in bank with CAF Bank Ltd in the Gold account of £31,282.40 (compared with 2023,.
£35,473.25) and cash in bank with CAF Bank Ltd in the Cash account of £1,000.00
(compared with 2023.. £1,000.00).
The discretionary managers are instructed to maximise the income on the portfolio whilst
preserving the capital, within the constraints of a medium risk investment portfolio.

The Ken Wrigley Memorial Charity
Trustees, Annual Report
Year ended 5 April 2024
Reserves Policy
The whole of the Charity's capital is expendable and the distinction between capital and
income is not relevant. The Trustees appreciate that the general principles of charity law
require the Trustees to spend their income within a reasonable period of receipt.
The Trustees have set and agreed a policy which broadly identifies the framework within
which the Charity will operate its reserves. The intention is that the Charity will retain an
appropriate and reasonable level of reserves whilst concurrently ensuring that it uses the
income in a manner that is within the objects at the best interests of the Charity and its
beneficiaries.
Since the Charity receives all of its income from the investment portfolio, the Trustees are
mindful that the source of income can be volatile and subject to sudden changes in the
market. They are concerned that in any year there is a risk that they cannot meet their
ongoing administration and professional expense commitments as and when they arise, due
to any fluctuations in the market which may prevent or significantly reduce income.
The Trustees have therefore considered, in conjunction with the professional advisers, the
level of reserves to retain from surplus unrestricted funds. They have decided to build up a
pot of reserves equivalent to one year's administrative and professional expenses but
excluding grant commitments. This will ensure that should there be any fluctuations in the
market which reduce the income available for distribution, the Charity can use its reserves to
continue to meet its obligations and liabilities as and when they fall due.
Plan for Future Periods
The Trustees believe their grants have translated into significant public benefit. The Charity
is a lasting testimony to the generosity and charitable concerns of the Settlor. In cementing
the arrangements already in place, and continuing with its current activities as set out in this
report, so that the many and varied charitable and not for profit organisations, and
individuals may continue to benefit in real terms from its financial support, the Charity aims
to provide a long term commitment and thereby encourage and support individuals and
charitable and not for profit organisations within the area of benefit.
The intention is to continue a programme of grant giving which will translate into significant
public benefit. The Trustees will focus on those individuals and organisations who would
benefit in real terms (impact) from its financial support, thus providing and ensuring a longer-
term commitment to support.
Trustees. Responsibilities in Relation to the Financial Statements
The Trustees are responsible for preparing the Trustees, Report and the financial statements
in accordance with applicable law and regulations and United Kingdom Accounting
Standards. The law applicable to charities in England and Wales required the Trustees to
give a true and fair view of the state of affairs of the Charity and of the incoming resources
and application of resources, including income and expenditure of the Charity for that period.

. The Ken Wrigley Memorial Charity
Trustees. Annual Report
Year ended 5 April 2024
In preparing these financial statements, the Trustees are required to:
•select suitable accounting policies and then apply them consistentlyi
•observe the methods and principles of the Charities SORP.
•make judgements and estimates that are reasonable and prudent:
•state whether applicable accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements. and
'prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the Charity will continue in operation.
The Trustees are responsible for keeping adequate accounting records that are sufficient to
show and explain the Charity's transactions and disclose with reasonable accuracy at any
time the financial position of the Trust and enable them to ensure that the financial
statements comply with the Charities Act 2011, the Charity (Accounts and Reports)
Regulations 2008 and the governing document.
They are also responsible for safeguarding the assets of the Trust and hence for taking
reasonable steps for the prevention and detection of fraud any other irregularities. The
Trustees are responsible for the maintenance and integrity of the Charity and financial
information included on the register of charities.
Approved by the Trustees and signed on their behalf by:
Mr J B Rostron
Chair of Trustees

' The Ken Wrigley Memorial Charity
Statement of Financial Activities
Year ended 5 April 2024
Notes
Unrestricted
Funds
Total Funds
2024
2023
Income resources:
Income resources from
generated funds
58,734.21
58,734.21
58,416
Total incoming resources
58 734.21
58 734.21
Resources expended:
Cost of generating funds
Charitable activities
Cost of grant making
12,522.27
74 210.00
86,732.27
12,522.27
74 210.00
86,732.27
12,942
77,236
Governance costs
14 013.00
14 013.00
Total resources expended
100 745.27
100 745.27
Net (outgoing)/incoming
resources before other
recognised gains and losses
(42,011.06)
(42,011.06)
(32,010)
Realised gains/(losses) on
investment assets
34,072.78
34,072.78
12,506
Unrealised gains/(losses) on
investment assets
44,241.26
44,241.26
(113,762)
Net movement in funds
Reconciliation of funds
Total funds brought forward
1 785 378.24
1 785 378.24
1 918 644
Total funds carried forward
1 821 681.22
1 821 681.22
1 785 378

The Ken Wrigley Memorial Charity
Balance sheet
Year ended 5 April 2024
Notes
Unrestricted
Funds
Total Funds
2024
2023
Fixed Assets
Investments
1,787,195.35
1,787,195.35
1,750,242
Total Fixed Assets
1 787 195.35
1 787 195.35
1 750 242
Current Assets
Cash with bank and investment
managers
Debtors
34,485.87
34,485.87
37,889
Total current assets
34 485.87
34 485.87
Liabilities
Creditors falling due within one
year
2,752
Net current assets
34 485.87
34 485.87
Total assets less current liabilities
1 821 681.22
1 821 681.22
1 785 378
Creditors falling due after more
than one year
Net assets
1 821 681.22
1 821 681.22
1 785 378
The funds of the Charity
Unrestricted income funds
1 821 681.22
1 821 681.22
1 785 378
Total Charity funds
1 821 681.22
1 821 681.22
1 785 378
The notes on pages 10 to 12 form a part of these accounts.
Approved by the Trustees and signed on their behalf by:
B Rostron
Chair of Trustees

The Ken Wrigley Memorial Charity
Notes to the accounts
Year ended 5 April 2024
l. Accounting policies
(a) Basis of preparation
The financial statements have been prepared under the historic cost convention, with the
exception that investments are included at market value. The financial statements have been
prepared in accordance with the Statement of Recommended Practice.. Accounting and
Reporting by Charities (FRSEE) issued in January 2015 and applicable UK Accounting
Standards and the Charities Act 2011.
(b) Funds structure
The Charity has one fund, an unrestricted income fund. This is a fund which the Trustees are
free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include
designated funds where the Trustees, at their discretion, have created a fund for a specific
purpose.
(c) Incoming resources
All incoming resources are recognised once the Charity has entitlement to the resources, it is
certain that the resources will be received and the monetary value of incoming resources can
be measured with sufficient reliability.
(d) Resources expended
Liabilities are recognised as resources expended as soon as there is a legal or constructive
obligation committing the Charity to the expenditure. All expenditure is accounted for on an
accruals basis and has been classified under headings that aggregate all costs related to the
category.
Grants payable are payments made to charitable organisations in the furtherance of the
charitable objects of the trust. Single or multi-year grants are accounted for when either the
recipient has a reasonable expectation that they will receive a grant and the Trustees have
agreed to pay the grant without condition, or the recipient has a reasonable expectation that
they will receive a grant and any condition attaching to the grant is outside the control of the
Charity.
Provisions for grants are made when the intention to make a grant has been communicated to
the recipient but there is uncertainty about either the timing of the grant or the amount of the
grant payable.
(e) Costs of generating funds
The costs of generating funds consists of investment management fees, legal fees,
accountancy fees and other governance and regulatory fees.
(Q Charitable activities
The cost of charitable activities includes grants made.
(g) Governance costs
Governance costs comprise all costs involving the public accountability of the Charity and its
compliance with regLtlation and good practice. These costs include costs related to the
preparation of the accounts, the independent examination fee and legal fees.
(h) Fixed asset investment
Investments are stated at market value as at the balance sheet date. The statement of
fina ncial activities includes the net gain and losses arising on revaluation and disposals
throughout the year.
(i) Realised gains and losses
All gains and losses are taken to the Statement of Financial Activities as they arise. Realised
gains and losses on investments are calculated as the difference between sales proceeds and
opening market value (purchase date if later). Unrealised gains and losses are calculated as
the difference between and market value at the year end and opening market value (or
purchase date if later). Realised and unrealised gains are not separated in the Statement of
Fi nancial Activities.
io

The Ken Wrigley Memorial Charity
Notes to the accounts
Year ended 5 April 2024
ti) Contingent liabilities and provisions
In accordance with the SORP, a contingent liability is disclosed for those grants, which do not
represent liabilities, where the possible obligation, which arises from past events, will only be
confirmed by the occurrence of one or more uncertain future events not wholly within the
Trustees, control. Provisions are recognised for those grants where there is uncertainty as to
the timing or amount, and any uncertainty regarding the amount is more than one of
determining a basis for reasonable estimation of the liability arising from that constructive
obligation.
2. Related party transactions and Trustees, remuneration
Trustees received no emoluments and claimed no expenses in the year.
3. Investment income
2024
2023
Dividends - UK equities
Dividends - Non-UK equities
Interest - UK fixed interest securities
Interest on cash deposits
Interest - Non-UK fixed interest securities
38,279
4,272
11,317
1,158
39,942
6,611
6,904
305
4. Investment Manager's costs
2024
2023
Investment management fees
5. Analysis of charitable expenditure
The Charity undertakes its charitable activities through grant making and awarded grants to a
number of organisations in furtherance of its charitable activities.
Grant funded activities:
2024
2023
Action Heart
Charlotte Payne
Claire Louise Smith
Friends of Kinver Open Spaces (Birdge) Ltd
Harry James Davies
Jess Elizabeth Burns
Kinver Traditional Folk Song Club
Kinver Youth Café
Penny May Yell
Potters Cross Pre School Playgroup
Rosie Ella Williams
Kinver Action Group
Kinver Bowling Club
Kinver & District Horticultural Society
Kinver Edge Committee
Kinver Minibus for the Elderly
Kinver Old Peoples Welfare
Mary Stevens Hospice
Bradley Baddams
Enville Cricket Club
Enville Village Trust
Ian Charles Douglas Rumble
5,000
350
400
28,300
350
500
750
2,700
350
12,556
350
2,000
1,500
619
2,985
1,500
8,000
6,000
2,000
2,000
1,279
2,400
1,500
8,000
6,000
250
1,631
500
250
li

The Ken Wrigley Memorial Charity
Notes to the accounts
Year ended 5 April 2024
Joseph James Hall
Kinver Methodist Church
Kinver Twinning Association
Luke lames Boden
St Peter's Church
The Edward Marsh Centre
500
2,000
250
250
25,150
10,334
Total
6. Governance costs
2024
2023
Independent examination fee
Bank charges
Legal fees: Ad mi n istration
Accounts preparation
Incorporation
Deed of Retirement
Grant Agreement
VAT
528
81
6,750
1,500
1,250
695
975
480
108
9,052
1,250
7. Fixed asset investments
Movement in fixed asset investments
Market value as at 5 April 2023
Movement in capital cash
Additions to investments at cost
Disposals at carrying value
Net gain/(loss) on revaluation
1,750,242
78,127
137,769
(223,183)
1,883,288
5,656
247
(25,187)
113 762
Market value as at 5 April 2024
1 787 195
1 750 242
Investments at market value comprised:
2024
2023
Equities
Fixed i nterest securities
Broker capital cash
Alternatives
1,151,708
335,450
83,782
216 255
1,400,985
117,326
5,656
226 275
Tota I
1 787 195
1 750 242
8. Analysis of current liabilities and long term creditors
Creditors under l year
Legal fees
VAT thereon
2,302
450
12

The Ken Wrlgley Memorial Charity
Independent Examlner's Report
Year Ended S Aprll 2024
I report on the accounts of the Charlty for the year ended 5 Aprll 2024 whlch are set out
on pages 8 to 12.
Respectlve Responslbllltles of Trustees and Examiner
As the Trustees you are responslble for the preparatlon of the accounts* you conslder that
an audit is not required for this year under section 122(2) of the Charities Act 2011 (the
2011 Act) and that an independent examination is needed. It Is my responsibility to..
examlne the accounts under 5ectlon 145 of the 2011 Act.
to follow the procedures laid down in the general Diretiions glven by the Charlty
Comrnls51on under section 145{5)(b) of the 2011 Act. and
to state whether parucular matters have come to my attentlon state.
Basls of Independent Examiner's report
My examlnatlon was carr]ed out In accordance wlth the Generdl Dlrections given by the
Charity Commlssion. An examination Includes a revlew of the accounting records kept by
the Charity and a comparison of the accounts presented with those records. It also
Includes consideration of any unusual items or disclosures in the accounts, and seeking
explanatlons from you as Trustees concernlng any such matters. The prO￿dureS
undertaken do not provide all the evidence that would be requlred In an audlt, and
consequently I do not express an audlt oplnlon on the vlew glven by the accounts,
Independent Examiner's Statement
In connectlon with my examination, no matter has come to my attentlon:
(i)
which gives me reasonable cause to believe that in any material respect the
requlrements
to keep accounting records In accordance with Section 130 of the 2011 Act;
and
to prepare accounts whlch accord wlth the accountlng records and to comply
with the accounting requlrements of the 2011 Act
have not been rnet. or
(2)
to whlch, In my oplnion, attentlon should be drawn In order to enable a proper
understanding of the accounts to be reached.
Slgned:
Name: STEPHANIE CHURCHILL
Relevant professlonal quallficatlon or body: AAT
Address.. 835 BIRMINGHAM NEW ROAD, DY4 8AS
Date:
13