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2023-12-31-accounts

Trustees' Annual Report for the period

Period start date Period end date Day Month Year Day Month Year From 1[st] January 2023 To 31st December 2023

Section A Reference and administration details

Charity name Other names charity is known by Registered charity number (if any) 1163295 Charity's principal address 88 Wood Street London

CGWM UK Charitable Foundation

Postcode EC2V 7QR

Names of the charity trustees who manage the charity

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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)
Mike Myers 20/02/2020 - ongoing
JagSingh 27/09/2021 - Ongoing
David Esfandi 03/07/2023 - Ongoing
Richard Hyder 03/07/2023 - Ongoing
Samantha Dunlop 03/07/2023 - Ongoing
Jane Vause 03/07/2023 - Ongoing
Lawrence
Peterman		 03/07/2023 - Ongoing

Names of the trustees for the charity, if any, (for example, any custodian trustees) Name Dates acted if not for whole year

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Names and addresses of advisers (Optional information)

Type of adviser Name Address
Name of chief executive or names of senior staff members (Optional information)
Section B Structure, governance and management

Description of the charity’s trusts

Type of governing document

Foundation

Charitable Incorporated Organisation (CIO) How the charity is constituted

Appointed by David Esfandi, CEO of Canaccord Genuity Wealth Trustee selection methods Management

(eg. appointed by, elected by)

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

General Information

The CGWM UK Charitable Foundation is a CIO and has seven trustees. All trustees are full time employees and are appointed from Canaccord Genuity Wealth Management Trustees applied and were appointed by david Esfandi, CEO of Canaccord Genuity Wealth Management Limited and Chair of Trustees of the CGWM UK Charitable Foundation. All application to this voluntary role were submitted by Canaccord Genuity Wealth Management 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 Canaccord 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:

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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.

Selection Criteria

We support charities with a local or personal connection to the staff 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 Canaccord Genuity Wealth Management and work for Canaccord Genuity Wealth Management

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 Just 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.

Section C Objectives and activities

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 Summary of the objects of the determine, and in particular (but without prejudice to the generality of the charity set out in its foregoing), to reflect the proposals expressed by the staff and directors of governing document Canaccord Genuity Wealth Management. 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.

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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:

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:

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)

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.

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 reenergises 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.

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

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Unfortunately, due to the COVID-19 Pandemic, all fund raising activities were cancelled and postponed.

2021

The 3 charities for the 2020-2021 period:

Jag Singh was added as a Trustee to help with the growth of the foundation

2022

The 3 charities for the 2020-2021 period:

Tom Nunes and John Howard-Smith resigned on 18[th] November 2022.

September 2022 – funds were raised through the 3 Peak Challenge attended by 25 fundraisers.

2023

Due to Psigma Investment Management being acquired by Canaccord Genuity Wealth Management, the charity was renamed as part of the integration process with new Trustees appointed and Mike Myers and Jag Singh reappointed. Activity was relatively low in 2023 with the main focus on appointing 3 new charities to support in 2024and 2025. There only fundraising activity was a bike ride.

Additional details of objectives and activities (Optional information)

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You may choose to include further statements, where relevant, about:

Section D Achievements and performance

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Section D Achievements and erformance p

Summary of the main PLEASE SEE PREVIOUS SUBMISSIONS FOR INFORMATION ON achievements of the charity PREVIOUS RAISES AND CORRESPONDING AMOUNTS. during the year 2023 Update Update on our Fundraising Events

Due to the change in charity name and change in Trustees, 2023 was a period where we went through the appointment process of 3 new charities to support in 2024 and 2025. The only fund raising activity was a bike ride.

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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)

You may choose to include additional information, where relevant about:

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)

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Dale 30. September 2024 TAR Mar¢h 2012

Charity Name No (if any) CGWM UK Charitable Foundation 1163295 Receipts and payments accounts CC16a For the period Period start date Period end date To from 01/01/2023 31/12/2023

Section A Receipts and payments

A1 Receipts Unrestricted
funds
to the nearest
£
800
-
-
-
-
-
-
-
800
-
-
-
800
-
-
-
-
-
-
-
-
-
-
-
-
-
-
800
-
-
800		 Restricted
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Endowment
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total funds
to the nearest £
800
-
-
-
-
-
-
-
800
-
-
-
800
-
-
-
-
-
-
-
-
-
-
-
-
-
-

800		 Total funds
to the nearest £
800
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-
-
-
-
-
-
800
-
-
-
800
-
-
-
-
-
-
-
-
-
-
-
-
-
-

800		 Last year
to the nearest £
800 2,852
- -
- -
- -
- -
- -
- -
- -
Sub total(Gross income for
AR)		 800 2,852
A2 Asset and investment sales,
(see table).
-
- -
Sub total - -
Total receipts
A3 Payments
2,852
- 3,636
- -
- -
- -
- -
- -
- -
- -
- -
**Sub total ** - 3,636
A4 Asset and investment
purchases, (see table)
-
-
**Sub total ** - -
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
3,636
800 - -
800		 - 784
- - - - -
- - - -
800 - - 800 - 784

CCXX R1 accounts (SS)

29/10/2024

1

Section B Statement of assets and liabilities at the end of the period

Categories
Signed by one or two trustees on
behalf of all the trustees
B5 Liabilities
B3 Investment assets
B2 Other monetary assets
B4 Assets retained for the
charity’s own use
B1 Cash funds		 Details
Details
Details
Total cash funds
(agree balances with receipts and payments
account(s))
Details
Details
Signature		 Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
- 1
-
-
-
-
-
- 1
-
Agreement Error
OK
Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
-
-
-
-
-
-
-
-
-
-
-
-
Fund to which
asset belongs
Cost (optional)
-
-
-
-
-
Fund to which
asset belongs
Cost (optional)
-
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-
-
-
-
-
-
-
Fund to which
liability relates
Amount due
(optional)
-
-
-
-
-
Print Name
Michael Myers		 Endowment
funds
to nearest £
-
-
-
-
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
Date of
approval
Michael Myers 30/09/2024

CCXX R2 accounts (SS)

29/10/2024

2