## **Trustees' Annual Report for the period** Period start date Period end date Day Month Year Day Month Year 1[st] January 2020 **To** 31st December 2020 **From** ## Section A Reference and administration details **Charity name** Psigma Foundation **Other names charity is known by Registered charity number (if any)** 1163295 **Charity's principal address** 11 Strand London **Postcode WC2N 5HR** ## **Names of the charity trustees who manage the charity** |1
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20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||John Christopher
Anthony Howard-
Smith|Psigma Investment
Management
Limited, CEO|25/08/2015 – ongoing|| ||Harry Spencer
Charles Schofield|Psigma Investment
Management Limited|25/08/2015 – ongoing|| ||Joseph Tomas
Nunes|Psigma Investment
Management Limited|25/08/2015 – ongoing|| ||Mike Myers|Psigma Investment
Management Limited|020/02/2020 - ongoing|| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| **Names of the trustees for the charity, if any, (for example, any custodian trustees)** **Name Dates acted if not for whole year** **TAR** March **2012** 1 ## **Names and addresses of advisers (Optional information)** **Type of adviser Name Address** ## **Name of chief executive or names of senior staff members (Optional information)** John Howard-Smith, Chief Executive Officer (CEO), Psigma Investment Management Ian Nash, Company Secretary, Punter Southall Group ## **Section B Structure, governance and management** ## **Description of the charity’s trusts** Foundation Type of governing document (eg. trust deed, constitution) Charitable Incorporated Organisation (CIO) How the charity is constituted - (eg. trust, association, company) Appointed John Howard-Smith, CEO Psigma Investment Management Trustee selection methods (eg. appointed by, elected by) ## **Additional governance issues (Optional information)** You **may choose** to include additional information, where relevant, about: - policies and procedures adopted for the induction and training of trustees; - the charity’s organisational structure and any wider network with which the charity works; - relationship with any related parties; - trustees’ consideration of major risks and the system and procedures to manage them. ## **General Information** The Psigma Foundation is a CIO and has five trustees. All trustees are full time employees and are appointed from Psigma Management Limited. Trustees applied and were appointed by John Howard-Smith, CEO of Psigma Management Limited and Chair of Trustees of the Psigma Foundation. All application to this voluntary role were submitted by Psigma colleagues by way of email. **How do we agree on which charities to support?** Every two years from December we solicit charitable support requests from across the Psigma business. Colleagues submit requests to a Foundation outlook mailbox and these are aggregated into one summary sheet. The following categories should be investigated fully considered when making the submission: - Nominated Charity - • Charity Website - Who Nominated the Charity and how much time they can commit to supporting our money raising efforts - Summary of charities aim / vision - Summary of funding ratio /investment principles of nominated charity - • Reason for chosen charity - • Other Supporting information and links **TAR** March **2012** 2 - Whether charity is officially registered and its Registered Charity Number. Once nominations are received, Trustees review all submissions privately before convening to vote on their pre-determined top three choices. Declaring any conflict of interest at outset and removing ourselves from voting for that ‘conflict’ charity. During the period from December 2014 to December 2015 we agreed to support the charities throughout a 12-month period. This policy was revised in December 2015 to a 24-month period so that we could spend more time getting to know the charities and to allow us to organise more events and raise further funds, as the main fundraising exercise is done every 2 years (Psigma bike ride) ## **Selection Criteria** We support charities with a local or personal connection to the staff of Psigma Investment Management who will also nominate charities to be supported. Nominations are sought, evaluated and selected by the Trustees where it is felt that our financial support can make a significant improvement to the wellbeing of those experiencing hardship. Charities cannot be supported in back-to-back periods and must have a break (of at least two years) before being reconsidered. To date we have not re-elected the same charity. ## **Procedure** On a day-to-day basis trustees are full time employees of Psigma Investment Management and work for Psigma Investment Management Ltd. ## **Meetings** The Trustees meet formally to vote on charity submissions. They further meet formally each quarter to discuss progress, ideas for charity fundraising events and any further business. Any conflicts of interest are recorded at the start of the meeting and meeting notes agendas are produced. These notes are all approved by all Trustees and then saved electronically with all charity related documentations on a secure, central drive. Access is only permitted to appointed Trustees. ## **Monies** The Foundation does not hold funds on reserve of for grant giving purposes. Any donations are made through our Psigma Foundation Virgin Giving Site (available online and offline) and monies are released in a three way split to the charities. We aim to hold a zero balance at the end of each support period. - http://uk.virginmoneygiving.com/fundraiser = web/fundraiser/showFundraiserPage.action?userUrl PsigmaFoundation&f ald=668125&isTeam=true ## **Section C Objectives and activities** **TAR** March **2012** 3 |**Summary of the objects of the**
**charity set out in its**
**governing document**
**Summary of the main**
**activities undertaken for the**
**public benefit in relation to**
**these objects (include within**
**this section the statutory**
**declaration that trustees have**
**had regard to the guidance**
**issued by the Charity**
**Commission on public**
**benefit)**|The objects of the CIO are for the public benefit to further such
exclusively charitable purposes according to the law of England and
Wales as the trustees in their absolute discretion from time to time
determine, and in particular (but without prejudice to the generality of the
foregoing), to reflect the proposals expressed by the staff and directors of
Psigma Wealth Limited. Nothing in this constitution shall authorise an
application of the property of the CIO for purposes which are not
charitable in accordance with the Charities Act 2011 and any applicable
legistation.| |---|---| ||Further Information
The Psigma Foundation was incorporated August 2015 and following the
nomination and submission process we agreed to support the following
three charities from the period of December 2014 to December 2015:
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Cardiac Risk for the Young (CRY) –http://www.c-r-y.org.uk)
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Sands –https://www.uk-sands.org
•
Shelter from the Storm –http://www.sfts.org.uk
During the initial 12 month period outlined above the trustees organised a
number of fundraising activities and set up a Fundraising site through
Virgin Giving to hold and subsequently administer funds received in a
three way split to the charities represented.
As outlined in the Governance section above, from December 2015 we
agreed to revise our funding support policy from a 12 month period to 24
months and this came in to effect for the three charities that were
selected in January 2016. These were as follows:
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NAIT Babies -http://www.naitbabies.org/
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Restart Lives -www.restartlives.org
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Cure Parkinson’s Trust - https://www.cureparkinsons.org.uk
These 3 charities ‘term’ came to an end at the end of the 2017 year and
following further submissions the Trustees agreed to support three new
charities for the 2018-19 period.
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Stanstead Lodge -http://www.standsteadlodge.org
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Wooden Spoon –https://woodenspoon.org.uk
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Action for A-T –https://actionforat.org
**2019**
Following on from the 2018 fundraising efforts we had the charities come
in at the beginning of 2019 to explain how our funding had helped in the
previous year and what they were looking to spend future funds on and
how we could help. This is always a positive experience as it re-
energises fund raising efforts for the year ahead.
One of our Trustees (Sara Walsh) has announced she is leaving the
company and has stood down from her role at the end of 2019. Sara was
a key architect in establishing the Psigma Foundation and has always
brought both fantastic ideas but also a very professional element to the
Foundation. The Trustees have all thanked Sara for her efforts.
After numerous applications, it was decided that Mike Myers was the best
candidate to replace Sara as a Psigma Foundation Trustee. He will have
large shoes to fill but we believe will continue to help the Foundation
grow.| **TAR** March **2012** 4 ## **2020** 3 new charities were chosen for the 2020-2021 period: • 3H Helping Hands for Holidays - 3hfund.org.uk • Jo's Cervical Cancer Trust - jostrust.org.uk • Protection Against Stalking (PAS) - Protection Against Stalking | Look Forward Not Behind Unfortunately, due to the COVID-19 Pandemic, all fund raising activities were cancelled and postponed. ## **Additional details of objectives and activities (Optional information)** You **may choose** to include further statements, where relevant, about: - policy on grantmaking; - policy programme related investment; - contribution made by volunteers. **TAR** March **2012** 5 Section D Achievements and performance **Summary of the main achievements of the charity during the year** _PLEASE SEE PREVIOUS SUBMISSIONS FOR INFORMATION ON PREVIOUS RAISES AND CORRESPONDING AMOUNTS._ **2020 Update Update on our Fundraising Events** Due to the COVID-19 Pandemic, all fundraising activities were unfortunately cancelled and postponed. **TAR** March **2012** 6 ## **Section E Financial review** The Charity does not hold reserves. **Brief statement of the charity’s policy on reserves Details of any funds materially** None **in deficit** ## **Further financial review details (Optional information)** Principle Source of Funds is our friends/colleagues and client’s You **may choose** to include generosity. These are then matched by Psigma Investment Management additional information, where up to £9,000 p/a. relevant about: - the charity’s principal sources of funds (including any fundraising); - how expenditure has supported the key objectives of the charity; - investment policy and objectives including any ethical investment policy adopted. ## **Section F Other optional information** ## **Section G Declaration** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s) Full name(s)** Mike Myers **Position (eg Secretary, Chair,** Trustee **etc)** **TAR** March **2012** 7 Date 31" August 2021 TAR Mar¢h 2012 �  �  �!"#$ % �!"#! Did the charity thY)rk with any professional fundraisers? Fundraising- commercial participator Did your charity work with any commerclal particlpators? Grantmaking Was grant making the main way your charity carrled out Its purposes? Yes Government contracts During the flnanclal perlod lorthis annual retum. did the charity receive incomefrom contracts (other than grant agreements) with ￿ntral government or local authorities? Government grants Durlng the financlal perlod forthisannual return. did the charity receive income from grants from central government or Ioc2l authorities? Income from outside the UK Dld your charlty receive Income from outslde the UK ? Spending outside England & WaLes Did your charity operate outside England and Wales? Total Spending outslde England & Wales Trading subsidiaries Did the charity have any subsidiaries? Trustee payments Did any of the trustees receive any remuneration, payments or benefits from the charity other than refunds of legitimate trustee expenses? Did any of the trustees resign and then take up employment wlth the charlty? Employees, salaries Did any of your charlty's staff receive total employee benefits of £60.000 or more? 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