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WESTMINSTER GROUP FOUNDATION
Charitable Incorporated Company (“CIO”) Westminster Group Foundation
## Registered Charity 1158653
Trustees’ Annual Report & Accounts
2021
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WESTMINSTER
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ClO Registered Number 1158653 Trustees’ Annual Report and Accounts for the period to 31* December 2021
## Contents
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|COMMONS|..cecceccsecsscscdscecsesesscveeteoceetadsnsteveenssersstsuseseaseaseesenrbasesuahtansauanaveecenaucresseervessesuansuersesnedeasericaeecsensesseD,|
|IMtPOCUCTION.|vc. cccecseccecvessncteccssstsescesenseessacsessenssesuseuaussuseestsaearssetsauacsscusaassaccusacesagrenserssespapeadsensacsatsaraerersenaed|
|Statement|ofTrustees’|[respOnsibilities..........eecesseseeseeeseeseesseseeseneacersasasessseetasenbesgeatecseenralesteseabeeaneons]|
|TYUSTCES|oe. cecsceseuseeceesecercssesssunenscecteacnenessnsedeneauaneecsnnsneseausedartseeueneceasenceedensssdcsseveccesspannesseanesertevenseaveases|
|Objectives and|Activities|[..........ccccesssscenesserescsteessocerebetrececaveneececacepeceasscatersarsedensenseesessenrecsescuasensasersesreaensl]|
|Achievements|and|Performance|.........cccsssssscscesessnessssseecnscnssenscenaraccessanserecgessasevensnenscesetcenapecersonesnaesaesnall|
|Statement|Of|Fimancial|POSitION|.........ccccecsccsciscsceesssocedcoccetenssecesneuenseeceascuseuscsenssaenarsascuesaerersuzerteeteessereseneD)|
|RECO@UPES|2.0... ccccecccsssssseeeeeeseseseeassncceeseessscnansnscsceneasaesnaaeaeaescaesepssnesoesssseasneseuangecssessesesonsceaceatensusessersaseaeseato)|
|PAYIMONES|0... cceceessesseestessesersssnescectacbesbaaneaesJissaseaseastessbacaseeecseeteaeseeeeeeeeceeenesaccenbaseesneseasenesereneceteaseseneaeteeeo)|
|RESUIt. oe.|ciccscsccssessccececsccesseessceusrersessaceensessssesseseaecssneneesnsusesscuuserevscassuseatersasestsaeaeesaneaseseecennevensseanessaeeeeo)|
|Cash|FUNS..........ccccccsscsecersssesecersesecnvscceesscctacsascusensasecedssencuceaduacreevansesaseaesescacavsceassensnessedassessesteareesses@|
|Approved|by the|Trust@e@s.......cccccccsisessreeccserersereesservecpessasececeetauesessnessereeeduterchsaeeaeuseasenseatsnsascesieseazarseesO|
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WESTMINSTER
GROUP FOUNDATION
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## ClO Registered Number 1158653 Trustees’ Annual Report and Accounts for the period to 31°* December 2021
## Introduction
The Trustees present their report and financial statement for the year ending 31st December 2021. This report is presented in accordance with the Statement of Recommended Practice, “Accounting and Reporting by Charities” (SORP), issued in March 2005.
The Charity is a Charitable Incorporated Organisation (ClO) governed according to the Constitution dated 23rd September 2014. It was established to coordinate and further enhance the charitable work undertaken by the Westminster Group Plc.
The ClO’s annual reports are published on the Charity Commission Website. The Association's reports are also published and provide a-clear statement of the financial activities and financial position of the charity.
The CIO is. an independent charity and is fully controlled by the Trustees. The charity works alongside the Westminster Group Pic in identifying potential projects and receives support and resources from the Company.
## Statement of Trustees’ responsibilities
The Charities Act 2011 requires the trustees to. prepare financial statements for each financial year which givea true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
- ¢ select suitable accounting policies and apply them consistently;
- ¢ observe the methods and principles in the Charities SORP 2005;
¢ make judgments and accounting estimates that are reasonable and prudent;
e 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 do so.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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CIO Registered Number 1158653 Trustees’ Annual Report and.Accounts for the period to 31% December 2021
## Trustees
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TRUSTEE NAME OFFICE DATES ACTED APPOINTED BY
IFANY IF NOT WHOLE YEAR
ALAN WOLSTENCROFT Chair Founding
HEIDi FOWLER Secretary Founding
PETER MACKIE Founding
JOANNA FOWLER Westminsterestminste
Group
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The.affairs of the CIO are managed by the Charity Trustees. There must be at least 3 and not more than 12 Trustees. The existing Trustees may elect new Trustees at any meeting of the Trustees in accordance with the constitution, each new trustee appointment Is for a period of 3 years from date of appointment. The Westminster Group Plc may appoint up to 3 of the 12 Charity Trustees.
Decisions are made by simple majority of votes at a meeting of Trustees or by resolution made In wtiting or in electronic form and agreed by.all Trustees. induction of Trustees is overseen by the Chair.
## Objectives and Activities
The objectives of the Westminster Group Foundation are the prevention or relief of poverty, the advancement of education and the preservation and protection of health worldwide by providing: grants, Items and services to individuals in need and/or charities, or other organisations working to prevent or relieve poverty, advance education or preserve and protect health.
## Achievements and Performance
During the period of this report the Foundation was hampered by ‘the COVID pandemic and was only able to undertake limited donations to a couple of projects in Sierra Leone:
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CIO Registered Number 1158653 Trustees’ Annual Report and Accounts for the period to 31* December 2021
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WESTMINSTER
GROUP FOUNDATION
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## Statement of Financial Position
## Receipts
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|---|---|---|---|---|---|---|---|
|UNRESTRICTED|RESTRICTED|ENDOWMENT|TOTALFUNDS|PRIOR|PERIOD|
|FUNDS|FUNDS|FUNDS|2020|
|TO THE NEAREST|TO|THE NEAREST|TO|THE NEAREST|TO THE NEAREST|TO|THE NEAREST|
|£|£|£|£|£|
|DONATIONS|RECEIVED|1,510|-|-|1,510|20,708.55|
|SUBTOTAL|1,510|~|-|1,510|20,708.55|
|ASSET & INVESTMENT SALES|-|-|-|-|~|
|TOTAL RECIPTS|1,510|-|-|1,510|20,708.55|
|Payments|
|UNRESTRICTED|RESTRICTED|ENDOWMENT|TOTALFUNDS|PRIOR|PERIOD|
|FUNDS|FUNDS|FUNDS|2020|
|TO THE NEAREST|TOTHENEARFEST|TO THE NEAREST|TO THE NEAREST|=O THE NEAREST|
|£|£|£.|£|£|
|DONATIONS.GIVEN|1,629.12|-|-|1,629°/12|7,645.98|
|WORKS|UNDERTAKEN|-|-|-|-|13,062.57|
|SUBTOTAL|1,629.12|-|-|1,629.12|20,708.55|
|ASSET &|INVESTMENT|_|:|:|;|-|
|PURCHASE|
|TOTALPAYMENTS||1,629.12|-|-|1,629.12|20,708.55|
|Result|
|UNRESTRICTED.|RESTRICTED|ENDOWMENT|TOTALFUNDS|PRIOR|PERIOD|
|FUNDS|FUNDS|FUNDS|2020|
|TO THE NEAREST|TO|THE. NEAREST|TO THE NEAREST|TO THE NEAREST|TO THE NEAREST|
|£|£|£|£|£|
|NET.OF|RECIEPTS /|
|PAYMENTS|(119.12)|-|-|(119:42)|
|TRANSFER BETWEEN:|FUNDS|-|-|-|-|-|
|OPENING CASH|BALANCE|291|-|-|291|291|
|CASH|FUNDS THIS YEAR END|171.88|-|-|171.88|293|
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## Payments
Result
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WESTMINSTER
GROUP FOUNDATION
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ClO Registered Number 1158653 Trustees’ Annual Report and Accounts for the period to 31% December 2021
## Cash Funds
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UNRESTRICTED RESTRICTED ENDOWMENT
FUNDS FUNDS FUNDS
TO THE NEAREST TOTHENEAREST TO THE NEAREST
£ £ £
CASH 171.88 - -
TOTAL CASH FUNDS 171.88 - "
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## Approved by the Trustees
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Heidi Fowler
. 4 Fowler”
24 April 2023 24 April 2023
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