2024-12-31-accounts - CGWM UK Charitable Foundation

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Trustees' Annual Report for the period

Period start date Period end date Day Month Year Day Month Year From 1[st] January 2024 To 31st December 2024

Section A Reference and administration details

The Canaccord Genuity Wealth Management (CGWM) UK Charitable Foundation

Charity name Other names charity is known by Registered charity number (if any) 1163295

Charity's principal address 88 Wood Street, London Postcode EC2V 7QR

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Dates acted if not for whole year
Mike Myers		20/02/2020 - Ongoing
JagSingh		27/09/2021 - Ongoing
David Esfandi	Chair	03/07/2023 - Ongoing
Richard Channon Hyder		03/07/2023 - Ongoing
Samantha Dunlop		03/07/2023 - Ongoing
Jane Vause		03/07/2023 - Ongoing
Lawrence Craig 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)

Names and addresses of advisers (Optional information)	Names and addresses of advisers (Optional information)	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

Foundation Type of governing document (eg. trust deed, constitution) Charitable Incorporated Organisation (CIO) How the charity is constituted

(eg. trust, association, company)

Appointed by David Esfandi, CEO Canaccord Wealth 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 Canaccord Genuity Wealth Management (CGWM) UK Charitable Foundation is a CIO and has seven trustees. All trustees are employees and are appointed from Canaccord Wealth.

How do we agree on which charities to support?

Every two years from December we solicit charitable support requests from across the Canaccord Wealth 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
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.

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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 of Canaccord Wealth 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 Wealth and work for Canaccord Wealth

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 Canaccord Genuity Wealth Management (CGWM) UK Charitable Foundation Just Giving Site (available online and offline) or paid directly into the charity bank account 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 Wealth. 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

Canaccord Genuity Wealth Management (CGWM) UK Charitable Foundation was previously named The Psigma Foundation which 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:

Cardiac Risk for the Young (CRY) – http://www.c-r-y.org.uk)
• 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:

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)

NAIT Babies - http://www.naitbabies.org/
• Restart Lives - www.restartlives.org
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.

Stanstead Lodge - http://www.standsteadlodge.org
• Wooden Spoon – https://woodenspoon.org.uk
Action for A-T – https://actionforat.org

2019

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.

2021

The 3 charities 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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Jag Singh was added as a Trustee to help with the growth of the foundation

2022

The 3 charities 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

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.

2024

3 new charities were chosen for the 2024-2025 period:

RESTART Lives : Provides support to individuals experiencing homelessness.
Doherty's Destiny : Offers support to people who have been bereaved by suicide.
Digswell Place : Provides horse riding therapy for adults and children with disabilities.

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.

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Section D Achievements and performance

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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.

2024 Update

2024 was the most successful fund raising year. Activities including bike rides, sport socials, client golf events, bake sales, raffles, quizzes and more. For each of the charities that are selected, there is an associated ambassador who organises charitable activities for employees or clients to participate. Some employees also nominated the charity as their charity for sport activities; half marathon as an example.

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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)

Principle Source of Funds is our friends/colleagues and client’s You may choose to include generosity. These are then matched by Canaccord Wealth up to £25,000 additional information, where 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)

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Date 2011012025 TAR Maich 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 1/1/2024 12/31/2024

Section A Receipts and payments

		Unrestricted funds	Unrestricted funds	Restricted funds	Endowment funds	Total funds		Last year
		to the nearest	£	to the nearest £	to the nearest £	to the nearest £	to the nearest £
A1 Receipts
Donations,legacies andgrants		38,046		-	-	38,046		800
			-	-	-	-		-
			-	-	-	-		-
			-	-	-	-		-
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*Sub total*(Gross income for AR)		38,046		-	-	38,046		800

A2 Asset and investment sales,
(see table).
			-	-	-	-
			-	-	-	-		-
	*Sub total*		-	-	-	-		-

	**Total receipts **	38,046		-	-	38,046		800
A3 Payments
Grant and donationspaid		36,000		-	-	36,000		3,636
Bank charges			26	-	-	26		-
Costs ofgeneratingvoluntaryreceipts			259	-	-	259		-
			-	-	-	-		-
			-	-	-	-		-
			-	-	-	-		-
			-	-	-	-		-
			-	-	-	-		-
			-	-	-	-		-
	**Sub total **	36,285		-	-	36,285		3,636

A4 Asset and investment
purchases, (see table)
			-	-	-	-
			-	-	-	-
	**Sub total **		-	-	-	-		-

	**Total payments **	36,285		-	-	36,285		3,636

**Net of receipts/(payments) **		1,760		-	-	1,760	-	2,836
A5 Transfers between funds			-	-	-	-		-
A6 Cash funds	last year end		-	-	-	-
**Cash funds this year end **		1,760		-	-	1,760	-	2,836

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

Categories B1 Cash funds B2 Other monetary assets B3 Investment assets B5 Liabilities B4 Assets retained for the charity’s own use Signed by one or two trustees on behalf of all the trustees	Details Details Details Details Details Signature *Total cash funds* (agree balances with receipts and payments account(s))	to nearest £ to nearest £ 1,760 - - - - - 1,760 - OK OK to nearest £ to nearest £ - - - - - - - - - - - - Cost (optional) - - - - - Cost (optional) - - - - - - - - - - - - - - Print Name Michael Myers Unrestricted funds Restricted funds Unrestricted funds Restricted funds Fund to which asset belongs Fund to which asset belongs Fund to which liability relates Amount due (optional)	to nearest £ Endowment funds
			-
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			-
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			OK
			to nearest £ Endowment funds
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			Current value (optional)
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			Current value (optional)
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			When due (optional)






			Date of approval
		Michael Myers	10/20/2025

CHARITY COMMISSION FOR ENGIMD AND WALES Independent examinerfs report on the accounts Section A Independent Examinews Report Report to the trustees Charity Name CGYIM UK Charliabh Foundallon On accounts for the year ended 3111212024 Charity no (rf any) 1163295 Set out on pag•8 Ihe I I report to the trustees on my examination f the ac¢x)unts of the above charty (Ihe Trust.) for the year ended 31 121204 Responslbilltlos and basis of rèport As the dlarity's trustees, you are responsible for the preparation of the a¢Unts in accordance wilh the requirements of Chanties Act 2011 (Yhe Act.). I report in resFed of my examinatlon of the Trust's accounts Carried out under section 145 of the 2011 Act and in carying out my examination. I have followed all the applicab Directions glven by th8 Charity Commission urKler 89Ction 14q5Xb) of the Act. Indepond•nt I have completed my examlnation. I confirm that no materlal matters have •xamlnof8 Statement come to my attention in connection with the examlnation lothar Ihan that disdosed balow ") which gives me cause to balve thal in, any materlal re8P8Ct.' the accounting record8 were not kept in acGon18n¢e with section 130 of the Charities Act., or the accounts did not 8ccord wlth the accounting records., or the accounts did nol Comply wlth the appllcabl8 requlrements concerning the fonn arKI o)ntent of accounts sel out in the Charilles (Accounts and Reports) Regul8b'ons 2008 other than 8ny requirement that the accounts give a Irue and fairf view which is not a matter considered as part of an irKlependent examination. I have rn concems arKI have come across rK) other matt8r5 in connection th the examination to which attention should b8 drawn in this r6POrt in order to enable a proper understanding of the a¢xounts to be reached. . Please delete the M)rds in the Ixackets rfthey do not apply. Slgn•d: 2f Namo: f¥EE Relovant professional qualification(s) or body (Ir any): Address: g8 a/w 2V 7< IER Oct 2025

Section B Disclosure Only completo if the examiner needs to highlight material matters of concern (see CC32. Independent examination of charity accounts: directh)ns and guhjance for examiners). Glve here brlef details of any items that the oxamlnor wi$ho8 to dlsclose. IER Oct 2025