The RWS Foundation 30 September 2022 

The RWS Foundation Trustees’ Annual Report and Financial Statements for the year ended 30 September 2022 

Registered Charity No: 1127138 



The RWS Foundation 30 September 2022 

|Contents|Page|
|---|---|
|Annual reportofthetrustees|1|
|Reference and administrative details|a)|
|Structure, governance andmanagement|2,|
|Activities andachievements|4|
|Financial review|6|
|Plans forthe future|+|
|Statementoftrustees’ responsibilities|8|
|Report ofthe independent examiner|9|
|Statement offinancial activities|10|
|Balance sheet|1|
|Notesformingpartofthefinancialstatements|12|





The RWS Foundation 30 September 2022 

## ANNUAL TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 

The Trustees present their annual report and financial statements of the Foundation for the year ended 30 September 2022. 

The financial statements have been prepared in accordance with the accounting policies set out in Note 1 to the accounts and comply with the Foundation’s trust deed, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published on 16 July 2014. 

## ADMINISTRATIVE DETAILS 

Trustees The Trustees, who served during the year and through the date of this report, were as follows: David Shrimpton (appointed 28 October 2021) — Chairman Maria Schnell Chris Batterham (resigned 31 October 2021) Azad Ootam (resigned 31 October 2021) Adrian Gocan (resigned 31 October 2021) Kate Bushby (resigned 31 October 2021) Roddy Temperley (resigned 14 January 2022) Des Glass (appointed 28 October 2021, resigned 28 March 2022) Carla Matthews (appointed 28 October 2021) Jim McHugh (appointed 26 January 2022) Dorte Schou (appointed 28 March 2022) Candida Davies (appointed 25 November 2022) Emma Crarer (appointed 25 November 2022) Emma Fisher (appointed 25 November 2022) Principal Address Europa House Chiltern Park, Chiltern Hill Chalfont St. Peter Gerrards Cross, Bucks SL9 9FG Independent Examiner Jason Foxwell 39 Enfield Road Poole BH15 3LJ Bankers HSBC Bank 26 Broad Street Mall Reading Berkshire RG1 2BU Solicitors DLA Piper UK LLP 3 Noble Street London EC2V 7EE 

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The RWS Foundation 30 September 2022 

## STRUCTURE, GOVERNANCE AND MANAGEMENT 

## Nature of the governing document 

## Objectives and activities for the public benefit 

The objects of the Foundation as set out in the trust deed are to promote sustainable development for the benefit of the public by: 

- a. the relief ofpoverty and the improvement ofthe conditions of life in socially and disadvantaged communities; and 

- b. the promotion of sustainable means of achieving economic growth and regeneration. 

Sustainable development means “development which meets the needs of the present without compromising the ability of future generations to meet their own needs”. The Foundation seeks to meet these objectives by encouraging colleagues of RWS Holdings plc (“RWS Holdings plc”, “RWS” or the “RWS Group”) to identify causes or groups of individuals within the communities or countries in which RWS operates who meet the above criteria, who would benefit from a donation from the Foundation and where it is apparent that the recipients are willing and able to try and help themselves. Colleagues are also encouraged to participate in and work with the projects that the Foundation supports. RWS further supports the Foundation’s charitable aims by granting all colleagues additional days in lieu to work with and assist charitable causes, some of which are also supported by the Foundation. 

The Trustees confirm that they have referred to the Charity Commission’s guidance on public benefit when reviewing the Foundation’s aims and objectives in planning future activities and setting the grant making activity for the year and in preparing this Trustees’ Report. 

## Structure, Governance and Management 

The Foundation is a registered charity, number 1127138, and is constituted under a trust deed dated 3 December 2008. The Foundation was established by RWS as part of its overall corporate sustainability strategy. The Trustees who have served during the year and since the year end are set out on page 1. 

The trust deed requires there to be a minimum ofthree Trustees, but with no maximum, and each Trustee shall serve a term of three years and be re-elected, if considered appropriate, at a Special Meeting of the Trustees. As part of the overall governance of the Foundation, the Trustees review the succession planning and relevant experience of the Trustees and will look to broaden the Trustee Board as considered necessary. 

The Trustees retain responsibility for all policy and decision making. The Foundation currently has one principal source of income and this is provided annually by RWS after a presentation to and discussion with the RWS Board. However, the Foundation will accept other ad hoc donations. The presentation to the RWS Board includes details of the benefits of the donations made in the previous year and the Foundation’s objectives for the coming year. There are currently no other fund-raising activities, though colleagues are encouraged from time to time to raise funds through events held in the local offices to raise money directly for charities and causes supported by the Foundation. Donations to appropriately qualified charities and causes are approved at the quarterly meetings by the Trustees after a review and discussion of detailed proposals received from colleagues of RWS and presented by the Chairman of the Trustees. Any decisions that are made by the Trustees between the quarterly meetings are formally ratified at the following quarterly meeting. The decisions are communicated to the successful applicants and the external causes or charities are required to sign an agreement acknowledging receipt of the funds and confirming their responsibilities, that they have met all statutory and other regulations and have appropriate financial controls. This formal agreement also requires them to provide regular reports 

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The RWS Foundation 30 September 2022 

on the progress of the project(s) being funded and the benefits arising, confirm that they have the financial controls to ensure the appropriate use of the monies and that they have in place a policy on gifts, bribes and inducements. The Trustees receive and review quarterly progress reports and assessments of the benefits and success of the donations so as to assist with decisions on future donations. 

On occasion the Foundation may receive a request for funding from an external source supported by a Trustee or a RWS Director. In this instance the application will be subject to the same rigorous criteria as other applications and the proposing Trustee will absent themselves from the approval process. These projects are highlighted in the accounts as “related party transactions” if the Trustee has any personal interest or involvement in the recipient charity. 

The initial Trustees were appointed by the Board of SDL ple at the time that the Foundation was registered in 2008 Since that time the Trustees have, independently, added further Trustees. The SDL Foundation was renamed The RWS Foundation on 7 July 2021, following RWS’s acquisition of SDL ple. The Trustees will continue to maintain this independence from RWS and will be responsible for the appointment of further Trustees as is felt necessary. The Trustees continue to consider it is key for everyone in RWS to be fully aware of the Foundation, its objectives and the causes being supported and this will be best achieved by having a broad base of Trustees connected to the RWS Group. 

## Induction and training of trustees 

Induction and training is provided to individual Trustees as is considered appropriate to their level of experience and knowledge of the charity sector. The Foundation is a direct provider of finance to other charities and causes / projects where the management of those entities is then outside the Foundation’s remit. As such the Trustees are not subject to the same responsibilities as trustees directly involved in the management of the activities of a particular charity. However, the Trustees are aware of their social responsibilities and thorough research is done into the potential recipients of the funding including their management, constitutions, objectives, statutory registrations and controls/authorisations. The Trustees have previously adopted a formal policy responding to the requirements and implications of the UK Bribery Act and this and other policies are reviewed annually. When they are appointed, the Trustees are provided with detailed information on the Foundation and its objectives, a copy of the Trust Deed, the requirements of the Charity Commission, the responsibilities of Trustees and the importance of the activities of the Foundation being for the “public benefit”. The Chairman ensures that the Trustees are made aware of and understand any new regulations or guidance concerning the governance and operations of charities during the course of the year and circulates appropriate guidance from the Charities Commission. 

## Key management personnel remuneration 

The Trustees are the only management personnel of the Foundation in charge of directing and controlling the Foundation. Historically, there are no other employees with the Chairman effectively operating the Foundation on a day-to-day basis. The Foundation benefits from the appointment by RWS of a part-time CSR executive who will manage the Foundation’s administration. All Trustees give their time freely and no Trustee remuneration was paid in the year or preceding years. The Trustees do not receive assistance with the minimal out of pocket expenses they incur in attending meetings and carrying out their duties. Trustees are required to disclose all relevant interests prior to any Trustee meeting and the grant decisions. 

## Related parties 

RWS is considered to be the only related party as the Foundation receives all its funding from RWS, based on an annual presentation to the RWS Board, and all the current Trustees at the date of this report are employees of RWS. During the year £261,000 (2021: Nil) was donated by RWS. 

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The RWS Foundation 30 September 2022 

## Risk Management 

The Trustees consider the main risks as follows: 

- a. Funding by RWS to the Foundation in future years is currently being reviewed. b. Making donations that in a political, commercial or legal sense could involve the Foundation and/or RWS in difficulties in the countries in which either or both the two organisations operate. The Trustees ensure that no political or religious causes are supported and that the beneficiaries are external to any government schemes. In this context, every project that is considered is subject to the same rigorous review. In addition, while the grants made are intended to be of significant value to the causes donated to, in general the amounts in the overall context of the Foundation and RWS are small. 

## ACTIVITIES AND ACHIEVEMENTS 

The work of the Trustees of the Foundation is currently directed to a number of projects to meet the objectives of the Foundation (set out on page 2) and to ensure that the Foundation’s activities meet the public benefit requirements. An update on the activities and achievements have been included in the 2022 RWS annual report and ESG report. 

Some of these projects included: 

## Ukraine Appeal 

The RWS colleagues, through the RWS Foundation Ukraine Appeal, showed overwhelming support and raised over £34,000. All of their donations went to the International Red Cross, which is supporting the people of Ukraine to ensure they have essential supplies, food, water, as well as providing aid to hospitals and families. The Foundation also made further donations to the UNHCR, the UN’s refugee agency, and to UNICEF, the UN’s children’s fund. 

## Urban Synergy 

Urban Synergy is a youth empowerment charity which inspires, guides and ignites the ambitions of young people in the UK. It has supported more than 20,000 students since 2007. Urban Synergy connects underrepresented communities to mentors and corporate partners such as RWS, implementing effective programmes, training and recruitment opportunities that directly address systemic barriers to success in the workplace. Urban Synergy provides young people with the skills, knowledge and opportunities they need to be successful in their transition from education to the workplace and continue to deliver our comprehensive outcome focused mentoring programmes, which have all been modified and refined to work online in safe and meaningful ways. Its programmes are only possible with the huge network of support we have built up, with each of our Mentors, Role Models Volunteers and Supporters providing essential time and guidance to the young people we meet. 

## Innovations for Learning 

In FY22, 20 colleagues from across the UK got involved in assisting Year 1 or Year 2 (aged 5 to 7) pupils attending a school that serves a disadvantaged community in England. Teachers selected readers who were struggling and needed extra help. The reading programme involved 30 minute one-to-one weekly online sessions. RWS supported 26 children with 189 hours of reading support resulting in the average child progress of 3.2 reading levels. Teachers report that students who have regular, consistent reading sessions develop strong vocabularies and exhibit improved reading confidence, fluency, and oracy skills. Similarly, tutors find it highly rewarding to experience the growth in their students’ abilities during the school year. 

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The RWS Foundation 30 September 2022 

Additional charities which were proposed by RWS colleagues were also supported, albeit to a lower financial value. 

The activities noted above lead to funds totalling approximately £263,097 (2021 - £113,880) being paid or committed to during the year by the Foundation to the projects detailed below. In each instance, while the projects are specific to chosen qualifying charities or causes, the underlying principle has benefited independent members of the public. The beneficiaries are from varying geographic locations, consistent with the Foundation’s and RWS’s international base, but are consistently drawn from the poorer members on the communities where their own circumstances or government support are insufficient to enable them to have a reasonable standard of living, education or habitation. In each case the sponsors of the projects have presented to the Trustees why the causes merit support and how the recipients will benefit in the medium and longer term. 

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The RWS Foundation 30 September 2022 

## FINANCIAL REVIEW 

## Fund balance, income and expenditure 

The opening funds of the Foundation at the beginning of the year were £42,695 (2021 - £155,576). During the year to 30 September 2022, RWS donated £261,000 (2021 - £Nil) to the Foundation, Employee donations £7,247 (2021 - £1,114) and additional interest income of £7 (2021 - £6) was received. Donations and expenditure totalling £290,296 (2021 - £114,000) were incurred, giving rise to a net decrease in funds of £21,642 (2021 — £112,881). At 30 September 2022 the funds of the Foundation stood at £21,053 (2021 — £42,695). 

## Review of financial position 

As at 30 September 2022, the Foundation remained in a solid financial position and the Foundation’s surplus funds at 30 September 2022 stood at £21,053. The establishment of medium or longer-term relationships or commitments is expected to continue but will be closely monitored by the Trustees to ensure The Foundation operates within the Trustees’ expectations and understanding of future support from RWS Holdings plc and any funding support that may come from the RWS employees’ own fund raising activities. 

The RWS Holdings ple Board has approved a sum of £400,000 to be donated to The RWS Foundation for FY23. 

## Reserves policy 

The Trustees policy is to hold sufficient funds in reserve to on average account for the financial year to ensure that existing commitments can be met. 

The Trustees are mindful of the fact that the majority of the funding is provided by RWS and will seek to ensure that this source is protected as far as possible by maintaining strict adherence to the Foundation’s objectives and by ensuring that the public benefit enjoyed by the causes that the Foundation supports is carefully monitored 

The Trustees will continue to monitor the use of the general unrestricted funds and ensure that donations received will first be used to ensure the reserves policy is maintained at the above level before considering new expenditures or grants. 

## PLANS FOR THE FUTURE 

The Trustees continue to provide as much publicity as possible regarding the Foundation within RWS so that colleagues understand the objectives, apply for relevant causes and projects and get involved in deserving causes. Also as RWS is the only current source of revenue for the Foundation, the Trustees will ensure that the RWS Board receives regular reports on the benefits arising from the donations. 

The Trustees are planning to launch the Foundation Group-wide in February, and as part of this, will roll out its policy of granting all its colleagues 5 days a year absence from the workplace, in addition to their holiday allowance, to be involved in working with charitable causes. The charitable objectives for these “days in lieu” are not as specifically drawn as those of the RWS Foundation but are still aimed 

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The RWS Foundation 30 September 2022 

primarily at helping those less privileged in the local community / society. Colleagues are encouraged to use this time to work with causes already supported by The Foundation and to seek local site charities that are personal to their own experiences. 

By order of the Board 

David Shrimpton (Chairman of the Trustees) 

Date: 15 March 2023 

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The RWS Foundation 30 September 2022 

## TRUSTEES' RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS 

The Charity Trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the Foundation and of the incoming resources and application of resources of the Foundation for that period. In preparing the financial statements, the Trustees are required to: 

- e select suitable accounting policies and then apply them consistently; 

- e observe the methods and principles in the applicable Charities SORP; 

- e make judgements and estimates that are reasonable and prudent; 

- e state whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements; 

- e prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. 

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. 

The Trustees are responsible for the maintenance and integrity of the Foundation and financial information included on the Foundation’s website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements. 

Approved by the Trustees on § December 2022 and signed on their behalf 

## David Shrimpton (Chairman of the Trustees) 

Date: 15 March 2023 

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The RWS Foundation 30 September 2022 

## INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE RWS FOUNDATION 

On accounts for the year ended 30 September 2022 

Charity no. 1127138 

Set out on pages 10 to 16 

## Respective responsibilities of trustees and examiner 

The charity’s trustees are responsible for the preparation ofthe accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. 

It is my responsibility to: 

- e examine the accounts under section 145 of the Charities Act, e to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act, and 

- e to state whether particular matters have come to my attention 

## Basis of independent examiner’s statement 

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review 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 explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair” view and the report is limited to those matters set out in the statement below. 

## Independent examiner’s statement 

In connection with my examination, no matter has come to my attention: 

- (1) which gives me reasonable cause to believe that in, any material respect, the requirements: e to keep accounting records in accordance with section 130 of the Charities Act, and e to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or 

- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached 

Signed 

Date: 27 March 2023 

Jason Foxwell FCCA FCIE 39 Enfield Road, Poole, BH15 3LJ 

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The RWS Foundation 30 September 2022 

## STATEMENT OF FINANCIAL ACTIVITIES For the year ended 30 September 2022 


**----- Start of picture text -----**<br>
|||||||
|---|---|---|---|---|---|
|Unrestricted|Unrestricted|
|Funds|Funds|
|Notes|2022|2021|
|£|£|
|Income|
|Donations|268,247|1,113|
|Investment|income|3|7|6|
|Other Income|aie|-|
|Total income|268,654|1,119|
|Expenditure|
|Expenditure|on|charitable|activities|
|Individual|grants|4|289,097|113,880|
|Other Expenditure|1,199|120|
|Total expenditure|290,296|114,000|
|Net income/(expenditure)|(21,642)|(112,881)|
|Transfers|
|Gross|transfers|between|funds|=|-|
|Net|income/(expenditure)|and|net|(21,642)|(112,881)|
|movement|infunds|for|the year|
|Reconciliation|of Funds|
|Total funds brought|forward|42,695|155,576|
|Totalfunds carriedforward|21,053|42,695|

**----- End of picture text -----**<br>


The statement of financial activities includes all gains and losses recognised in the year. 

All income and expenditure derive from continuing activities. 

The notes on pages 11 to 15 form part of these financial statements. 

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The RWS Foundation 30 September 2022 


**----- Start of picture text -----**<br>
|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|BALANCE|SHEET|
|As|at 30|September|2022|
|Notes|Total|Total|
|2022|2021|
|£|£|
|Current|Assets:|
|Cash|21,053|42,615|
|Debtors|-|80|
|Total|current|assets|21,053|42,695|
|Liabilities:|
|Creditors:|amounts|falling|due|within|one|year|ee|-|-|
|Net current assets|21,053|42.695|
|Liabilities:|
|Creditors:|amounts|falling|due|after one year|.|=|
|Net assets|21,053|42,695|
|The funds|of the|charity:|
|Unrestricted income|funds|6|21,053|42,695|
|Total charity|funds|21,053|42,695|

**----- End of picture text -----**<br>


Approved by the Board of Trustees on 15 March 2023 and signed on their behalf by: 


**----- Start of picture text -----**<br>
\ ELSLy<br>**----- End of picture text -----**<br>


## Chairman of Trustees 

The notes on pages 12 to 16 form part of these financial statements. 

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The RWS Foundation 30 September 2022 

## NOTES 

## 1 Accounting policies 

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows: 

- a. Basis of preparation and assessment of going concern The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. 

The Foundation constitutes a public benefit entity as defined by FRS 102 

The Trustees consider that there are no material uncertainties about the Foundation’s ability to continue as a going concern. The most significant assumption is regarding the source of the Foundation’s funding. The RWS Foundation is a key element of the corporate social responsibility policy ofRWS Holdings plc, publicly listed on AIM, the London Stock Exchange regulated market (RWS.L). The Trustees apply to the Board of RWS Holdings plc for funds on an annual basis prior to the commencement ofthe financial year and then agree on the activities for the upcoming financial year in accordance with this funding and funds brought forward. The Trustees believe that this source of funds will continue into the future because of RWS’s commitment to its corporate social responsibility policy. 

- b. Funds structure The Foundation has a primary source of funding, namely that of an annual donation received from RWS Holdings plc. Unrestricted income comprises these funds 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 or donation for a specific purpose. 

- c. Income recognition All income is recognised once the Foundation has entitlement to the income, it is probable that the income will be received and the amount of income can be measured reliably. 

Donations are recognised when the Foundation has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance before the Foundation is entitled to the funds, the income is deferred and not recognised until either these conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period. 

Interest on funds held on deposit is included when the receivable and the amount can be measured reliably by the Foundation; normally upon notification of the interest paid or payable by the bank, 

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The RWS Foundation 30 September 2022 

## NOTES (continued) 

- d. Expenditure recognition Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Foundation to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. 

All expenditure is accounted for on an accrual basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure headings. 

Grants payable are payments made to third parties in the furtherance of the charitable objects of the Foundation. In the case of an unconditional grant offer this is accrued once the recipient has been notified of the grant award. The notification gives the recipient a reasonable expectation that they will receive the one-year or multi-year grant. Grant awards that are subject to the recipient fulfilling performance conditions are only accrued when the recipient has been notified of the grant and any remaining unfulfilled conditions attaching to that grant are outside the control of the Foundation. 

Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty as to the timing of the grant or the amount of grant payable. 

- e. Irrecoverable VAT 

   - Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings: 

Irrecoverable VAT is charged against the expenditure heading for which it was incurred. 

- f. Charitable activities Costs of charitable activities include grants made and costs incurred by the Foundation in transferring funds. 

- g. Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due. 

- h. 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 ofthe deposit or similar account, 

- i. Creditors and provisions 

Creditors and provisions are recognised where the Foundation has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. 

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The RWS Foundation 30 September 2022 

## NOTES (continued) 

## 2 Related party transactions and Trustees’ expenses and remuneration 

RWS Holdings Plc is considered to be the only related party as the Foundation receives its primary funding from the RWS Group, based on an annual presentation to the RWS Board. In addition to the funding, seven of the Trustees are currently employees of the RWS Group whilst the Chairman is independent. 

There were no donations from current or former Trustees of the Foundation during the year. Donations from RWS Holdings ple amounted to £261,000 and are unrestricted (2021 - £Nil). 

The Foundation has no employees, but benefits from the occasional services of one staff member employed by RWS Holdings plc. 

## 3 Investment income 


**----- Start of picture text -----**<br>
2022 2021<br>£ £<br>Interest on cash deposits 7 6<br>7 6<br>**----- End of picture text -----**<br>


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The RWS Foundation 30 September 2022 

## NOTES (continued) 

## 4 Individual grants 

During the financial year charitable activities were in the form of grants as follows: 

|Beneficary|Programme|2022|2021|
|---|---|---|---|
|Aktion (DE)|Donation|250|«|
|Autism Hero Project(US)|Donation|250|‘|
|BCAP (US)|Match It|=|1,793|
|BrighterChildren(US)|Transform|-|18,359|
|CardiacRisk In TheYoung (UK)|Match It|-|500|
|DCKaye Solicitors(UK)|Donation|780|s|
|FoodfortheHungaryUK(Kenya)|Transform|P|40,000|
|Help Counselling Centre(UK)|Match It|-|500|
|Innovations forLearning(UK)|Donation|6,000|-|
|InternationalRedCross(CH)|Donation|15,000|.|
|Local Donation(RO)|Match It|-|500|
|LPCUWC Scholarship(HK)|Match It|2|959|
|Meryem Karadag (TR)|Donation|404|s|
|NaradaAssociation (RO)|Donation|250|-|
|Organizatia Crestina SomethingNew (RO)|Match It|-|360|
|Outward BoundTrust(UK)|Donation|26,000|B|
|PeopleInNeed(CZ)|Donation|1,556|zs|
|Polish Humanitarian (PL)|Donation|1,374|3|
|RWSEmployee(Croatia)|Match It|-|3,046|
|She Supply(US)|Match It|500|-|
|StWilfrids(UK)|Transform|.|10,000|
|StreetBusinessSchool (US)|Transform|.|36,613|
|The Sheffield Children Hospital Foundation (UK)|Match It|310|z|
|Thrombosis (UK)|Match It|-|750|
|Tyocentrum HK (CZ)|Match It|923|.|
|UNHCR(UK)|Donation|10,000|=|
|Unicef(UK)|Donation|10,000|F|
|UniversityofManchester(UK)|Donation|200,000|S|
|Urban Synergy(UK)|Transform|15,000|3|
|Young Minds Trust(UK)|Match It|-|500|
|Zrzutka.pl (PL)|Match It|500|=|
|||289,097|113,880|



The donating of money and any related bank charges (which are sometimes incurred in a separate financial period from when the donations are accounted for) are the only expenditure or costs to the Foundation in relation to each of the above charities or causes. 

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The RWS Foundation 30 September 2022 

5 Movements of funds 

||Unrestricted|Unrestricted|Total|
|---|---|---|---|
||General|Designated||
||£|£|2|
|Funds at 1 October 2021|42,695|-|42,695|
|Total income|242,654|-|242,654|
|Total expenditure|(264,296)|-|(264,296)|
|Transfers between funds|-|-|-|
|Funds at30September 2022|21,053|-|21,053|
|Analysis ofnet assets betweenfunds||||
||Unrestricted||Total|
|Fund balances at 30 September 2022 are|General|Designated||
|represented by:||||
||2|£|£|
|Current assets|21,053|-|21,053|
|Current liabilities|-|-|-|
|Non-current liabilities|7|-||
|Fundsat30September2022|21,053|-|21,053|



6 Analysis of net assets between funds 

## 7 Funds 

Unrestricted funds comprise those funds which the Trustees are free to use in accordance with the charitable objects. 

Restricted funds are funds which have been given for particular purposes and projects. There were no restricted funds during the period or at the period end. 

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