Oocusw Ens*fow D.. eFcA731W18￿8￿8B62.9IAE3ECA8￿7 C¢ynpany number". 13229079 Charity number: 1193752 THE WIGGIN CHARITABLE FOUNDATION (a company limited by guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 IMRCH 2023 'ACIHR6ZV• ie412r2023 COMPANIES HOUSE #110 Oo¢uSvJn Erwdopo ID." ￿CA￿l[￿DI8MeA-BBfj2￿￿AE￿c*￿7 CONTENTS Page REFERENCE AND ADMINISTRATIVE DETAILS REPORT OF THE BOARD OF TRUSTEES AND DIRECTORS STATEMENT OF DIRECTORS. RESPONSIBILITIES INDEPENDENT EXAMINERS, REPORT TO TrIE TRUSTEES STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEET 10-11 NOTES TO THE FINANCIAL STATEMENTS 12-14 ch]￿￿9n En%*10￿ D.. 8FG47310Q18$468A-￿.￿￿E3EC#a￿7 THE WIGGIN CHARITABLE FOUNDATION REFERENCE AND ADMINISTRATIVE DETAILS Company registrats'on number 13229079 Charity registration nuffd)er 1193752 Registered address 9th Floor Met Building 22 Percy Street London W1T2BU Member Wggin LLP Directors Rachel Alexander Gerald Doherty Samantha Lawrence Melissa Mackney Dr Joanna Twist Benjamin Whitelock Oliver Tenzer Secretary Thomas Nicholson All tiustees served throughout the period unths olhefwise noted Key Management Personnel These are deemed to be the Trustees as delailed above Bankers Santander UK plc 2 Triton Square Regenfs PLqce London NW1 3AN Independent exaniner Jon Carhvright Hazkwcods LLP Windsor House Bayshill Road Chettenham GL50 3AT Dc￿&9n Er￿1C￿e ID.. 8FCA73lM18￿8A.8862-￿e3EC￿￿1 THE WIGGIN CHARITABLE FOUNDATION REPORT OF THE BOARD OF TRUSTEES (INCLUDING DIRECTORS. REPORT) for the year ended 31 March 2023 The Trustees and Diredors present their annual report and the unaudtted financial staternents for the year ended 31 March 2023. In preparing the annual report and rinanaal slatements the Trustees and Directors have adopted the provisions of the Charities SORP (FRS 1021 Accounting and Reporting by Chartlies: StsteffEnt of Recommended Practice appI￿able to charities preparing their accounts in accordance wbth Ihe Financial Reporting Standard applicab￿ in the UK and Republic of Ireland (FRS 102) (efÈcli¥e 1 January 2019). STRUCTURE, GOVERNANCE AND MANAGEMENT The Wggin charilab￿ Foundation ts a registered charty (charity no. 1193752}. It is company limited by guarantee registe￿ in E￿land & Wales {company no. 13229079). whose ￿lStered ¢ffice is at 9th FILxJr Mel Building, 22 Percy Slreel, London. W1T 2BU. The charity was incorporated on 26th February 2021 and it was regislered with the Charity Commission on 9th March 2021. The Wggin charitab￿ Foundation is govemed by its me￿￿Tandurn and Articles of Association. The Trustees confimi Ihat they have coMpl￿d wrth the requirements of section 4 of the Charrties Act 2011 to have due regard to the putr￿￿ benefft guidan￿ published by the Charty Cornmiss￿n for England and Wales. The Charity is managed by the management comrnrttee which includes the TrusleeslDireclors and adwsers. The TrUstee￿DIfectOrS bring wtde-ranging professional and personal experien￿ to the wvemance and ￿aderShip of the organisation. The Board has a range of welkdevelored skills and Cvs. This includes legal, finan￿. kncmiledge of third seclor, educalion. funding. the C￿tIVe arts and digital industries. New trustees are appointed by the Wygin LLP. the Charty's sole membei. The artides of association provide for a minimum of three trustees. Trustees with a range of differenl skill sets a￿ sought, to ensure the effective running of the charity. In addition. the Charity also seeks to ensu￿ that at least Iwo of the Trustees are indeperKlent of Wiggin LLP. On ap￿Intment. new trustees sign a trustee dedaration statement agreeing to give their time and expertise. New Trustees undergo a briefing on the organisation, its aims and objectives and their legal obligations under Charity and company law. L%)tyJS¥n Ern**• ID.. 8FcA73lL￿DlB￿￿62.5l￿￿cA￿7 THE WIGGIN CHARITABLE FOUNDATION REPORT OF THE BOARD OF TRUSTEES AND DIRECTORS (Contlnued) for the year ended 31 March 2023 All Irustees gple their time freety and rK) remuneration was paKI in the year. Details of trustee expenses and re&ted party transactions are disclosed in note 10 lo the financial staterr￿nts. Trustees are required to disdose all reievanl interests and in accordance with the charity's ￿nfl￿$ of interest policy, wrthdraw from decisions where a conflict of interest arBes. 2 OBJECTIVES AND ACTIVITIES Objectives The objective of the charity to raise funds to wovide grants for. Gran1-g￿ing to charitable causes. events andlor projects in the creative arts & digrtal industries.. Employee matched funding - pro¥iding matching donations to charities for fvndraising efforts made and raised by employees of Wiggin LLP.. Providing grants to charities nominaled or voted on by employees of Wlggin LLP (the sole member). The trustees cOns￿er all applications receNed for fvnding and make grants to local and national tharrties. at the discretion of the Trustees, in line wilh the charitable objectives. The Trustees have had regard to the Chwity Commission's guidance on public benefft in managing the &livilies of the charity. The charity relies upon donations which it uses to provide grants to charitable causes and cover rts operating costs. 3 ACHIEVEMENTS AND PERFORMANCE Review of actlvllies arKI future developments During the year. dor￿lOn$ of £115.644 have been reLYived and grants of £73,870 have been given to support the follovding charities: The Music Works MyBigCareer The BRIT School FOunda￿n Gbuceslershire County Counul- Glouceslershire Mu*, The Little Princess Trust The Brain Tumour Charty IPS&4 The grants to The Little PrI￿eSS Trust. The Brain Tumour Charlty and IPSEA were all given as matthed stsff funding. Do¢uSb3n Erwdopo ID.. OFCA73lt￿D18￿8A￿B62.$oAEJEW￿T THE WIGGIN CHARITABLE FOUNDATION REPORT OF THE BOARD OF TRUSTEES AND DIRECTORS (Continued) for the year ended 31 March 2023 4 FINANCIAL REVIEW AND RESULTS Flnanclal review The Chanty's incoffE for the period was £115.747. During the year the charity gave grants of £73.870 and inCu￿ed costs of £1.882. At the 31* March 2023 the charity has fvnds totalling £148.381 of which all are unreslricted lunds. Fund Ralslng The charity does not adivety fund raise but raises donations from both Wggin LLP and Wiggin LLP employees. Golng ¢on¢em The Charty rel￿ on grants and donati(y)s to sur¢)ort is tharitable activit￿$ for which the Trustees are very grateful. Based on budgels they anticipale that the charity will be able lo meet obligatM)ns as they fall due for the next 12 months from the approval of these finanlial statements. Future plans We will be acting in accordance with our objectives and aiming to conlinue to.. underlake grant-giving to Charitat￿e causes. events andlor projects in the creative arts & digrtal industries: prowde matching donatw)ns to chartties for fundraising efforts made and raised by employees of WKdgin LLP.. and provide grants to charities nominated or voted on by employees of Wggin LLP. 5 INVESTMENT POUCY The Trustees and Direclors have the absolute discretion to apply or invest money as they think frt. ReseThes of the charity are kept in deposrt accounts with reputable UK financial insts'tutions. These are held on a short-term basis as the trustees intend to make grant awards for research as eff￿enty as they can. Dot)JSyn Eth*loF• ID.. 8FcA731[h018$468A.BB62.￿4E3Ec*￿? THE WIGGIN CHARITABLE FOUNDATION REPORT OF THE BOARD OF TRUSTEES AND DIRECTORS {Continued forthe year ended 31 March 2023 6 RESERVES POUCY The Charity rewewed its reserves poI￿Y and has set its target to maintain sufficient income funds equNalent to at least six months, expenditure. As can be seen from the Financial Statements below. the Charity is Current￿ meeting this polKy. Total funds at the end of the period are £148.381. 7 PAY POLICY FOR KEY MANGAGEMEPU PERSONNEL The Trustees consider the Bo¥d of Trustees the key management personnel of the charity in tharge of directing and conlrolling. running and operating the Charity on a day to day basis, together wilh the manager. All trustees give of their time fredy and no ITUStee received remuneration in the per￿1. Oelails of Twslees. expenses and related party transaction5 are disclosed in note 10 lo the financial ststements. 8 RISK MANAGEMENT The Trustees have assessed the major risks lo which the charity is exwsed, in particular those risks relaled to the operations and finances of the charty. INDEPENDEKf EXAMINERS Hazlewoods LLP have expressed their wAlingness lo continue in offtt. 10 SMALL COMPANY EXEMPTIONS This report has been wepared in accordance with the special provisions for small companies unts Part 15 of the Cc*npan￿s Act 21JO6. 14/12/2023 Signed on behawofthe Board ofTrustees on ................................ Benjamin WhitelcKk Trustee OocuS*n Envekjpe ID.. llFCA73l￿DIBs468A.8B62.9jAE3ECA￿T THE WIGGIN CHARITABLE FOUNDATION STATEMENT OF DIRECTORS, RESPONSIBILITIES The Directors are respongble for preparing the annual repvi and the fnarKial statements of the company in accordan￿ with applKable * and regulations. Company law requires the Drectors to prepare fin￿cial statements for eath financial year. Under that law the Directors have elected to prepare the financh?I stalernents in accordance wrth United Kingdom Generalty Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the Directors must not approve the financial slalements Un￿$$ they a￿ salisfied thal they give a true and fair view of the state of affairs of the Charty and the profrt and loss for that year. In preparing these financkgl statements the Directots are required to.. select suitable accounting pdicie5 and then appfy them consistentty: make judgements and estimates that are reasonable and prudent; state whether applicable UK Accounling Stsndards have been folbwed, subiecl lo any material departures disclosed and explained in Ihe financkql slatements., and p￿pare the finartial sL*ements on the going ¢4)n￿M basis unbess it is inappropriate to presume thai the charity will continue in operattM. The Directors are responsible for keep￿g accountww records Ihal are suffrient to show and explain the Chanty's transactKJns and disclose wrth reasonable accuracy at any lime the financial position of the Charity and enable them to ensure that the financial statements comply with applicable law. They are also responsible fof safeguarding the assets of the Charity and hence for taking reasonabk steps for the prevention and deleclion of fraud and other irregulanties. DocuS¥n Envew ID.. 8FCA731tkD18&468A4B62.sfAE3ECNX7 THE WIGGIN CHARITABLE FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES ON THE UNAUDITED FINANCIAL STATEMENTS for the year ended 31 March 2023 I report on the financial statements ofthe charty tr the year erkyed 31 March 2023. which comprise the stslement of financial acb¥ib"es, the balance sheet and the related notes. These financial statements have been prepared under the histwical cost convents.on and the acccwting policies set out the￿In_ Resp¢¢tive rnsponsibiliti•$ of Trust•¢s and Examin•r As the Charity's Trustees of the Company (who are also the Directors of the company for the purposes of ¢ompany law). you are ￿sPOnsible for the preparation of Ihe ffinancial 5talementy in a¢cordance with the requirements of the Companies Act 2006 ('the 2006 Acn and the Charities A¢1 2011 1.the 2011 A¢ri Having satisfied myself that the financial statements of the Company are not ￿QuIred to be audited lor this year un(Jer Part 16 of the 2006 Act and a￿ eligible for indepentjent examinatton. I report in respeGt of my exarninakn.on of your Chanty's financial statements a$ caffied out under seclicn 145 of the 201 1 Ad. In ¢arying oul my exaMinatK￿. I have fc4lowed the Directr'ons given by the Charity Commrssion (Ltnder seth"M 145(5}Ib) of the 2011 Act). Ind•p•nd•nt Examinerfs slat•ment I have coThyleted my examination. l eonfirm that no material matters have come lo my attention in connection with the examination vthich gives me cause io believe that in any m81erial respect.. The acc￿nting TecLvds not kept in acctydance seclion 386 of the Companies Act 20C6." or the financFal statements do not accord with such records.. or the financial statements do not compty Trthth relevanl a¢￿untIng requirements under sectic 396 of the Companies Act 2006 other than any requirement that the ffinancial stalemenls give a 'true and fairf wew vthich is not a matter considered as part of an independent examination.. or the financial statements have been prepared in ac￿rdance wilh th& Mell￿1$ and princip￿$ of the Charities SORP IFRS102)_ I have cOn*de￿Il the dixlosuies made in Note 2 to the finan¢ial slatements wtth regards to the Charity's abilty to Continue as a 9￿n9 concem. I have no concems and have come a¢yoss no other matters in COnnect￿n 4Mih the examination to which attention should be drawn in Ihi$ rewt in order to enable a proper understsr￿in9 ol the financial statements to be reached. 1511212023 Jon Cathlright FCCA HAZLEWOODS LLP Wlndsor House Bayshill Road Chehenham GL50 3AT Date C￿¢￿$￿art Efvdope ID.. 8FCA7311>01B>468A-B862-5aAE3ECA8K7 THE WIGGIN CHARITABLE FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING SUMMARY INCOME AND EXPENDITURE ACCOUNT) for the year ended 31 March 2023 Unre$tricted Income Funds Total Income funds Total In¢ome nd8 2023 2023 2022 Income Donations Investment income 11S.644 115.644 125,910 103 103 Total incom• 115,747 115.747 12S.912 Expendlture Charitable activities (75.751) 175.751 {17.5271 Total exp•nditsr• 175.751) 175.751 {17,5271 Net movement in funds 39.996 39.996 108,385 Totsl funds brwght fOr￿rd 108.385 108.385 Totsl funds ￿TrIed f¢JnManl 148.381 148.381 108.385 The slatement of financid aclivibes indudes all gains losses in the peri￿￿ and the￿lOre a separate $t4ement of trAal ￿0￿￿Sed gains and knsses has not been prepared. All the above amounts relate lo continung ac*¥ilie$. DotJJSvJn ID.. 6FG4731LW185-16￿B862.5oAE3EcA￿7 THE WGGIN CHARITABLE FOUNDATION BALANCE SHEET as at 31 March 2023 Charity number 1193752 Company number 13229079 2023 2022 CURRENT ASSETS Cash in hand and at bank 149.881 109.585 149,881 109.585 LIABILITIES Creditors: am(¥unts duo within on• y•ar 1.500 1.200 NET CURRENT ASSETS 148.381 108385 TOTAL ASSETS LESS CURRENT LIABILITIES 148 381 108.385 TME FUNDS OF THE CHARITY Unrestncted income funds 148.381 TOTAL FUNDS 148,381 108,385 The Trustees, statements required by Section 475 are on the following page whi¢h form$ part of this balan¢e sheet. io En%*tOP ID.. aFCA731f￿Dle516￿￿B62-sI1EaEcA￿7 THE WIGGIN CHARITABLE FOUNDATION BALANCE SHEET {continued) as at 31 March 2023 Dire¢t¢W5' Stat•m•nts requir•d by Section 475 for th• for thg y•ar ond9d 31 Ma￿h 2023 In approving these financFal stst￿ents, as Dire¢torn of the Charrtable Company we hereby confimi." that lor the period stated above the Chantsble Company was entitled to the exempti¢)n conferred by Section 477 ofthe Compan*s Ad 2006 rdating to small wnpanies. b) that no noli¢e has been deposited at the registered offi￿ of Ihe Charitsble Company pursuant to Secb'on 476 requesb.ng that an audrt be conducted for the for the year ended 31 Ma￿h 2023 and that we ackno*ledge our ￿$￿)n￿bIll11eS for ensuring that the Charitatile Company keeps accounting reojrds ￿lCh comply with Sectson 386 and 387 of Companies Ad 2006, and preparing financyal statements V*l)ich give a true and fair wew of the stale of affairs of the Charrtable Company as at the end of Ihe financial period and of ils profit or loss for the pefiod then ended in acCOrdar￿ with the requirements of Sections 394 and 395 and vthich otherwise cOm￿Y with the provisions of the Ccffnpanies Act 2006 ￿lating to finanaal statements. so far as applicable to Ihe charIta￿e company. These financial stalements a￿ wared in accordarKe vlith the speaal wovisions of Part 15 ofthe Companies Act 2006 relating to small ¢ompanies. 14112/2023 Approved by the Board and au¢hcrrised for issue on ...................... and signed on its behalf by.. 8enjamin Whiteb¢k Trustee DocuSTran ErNdope ID.. 8FCA731L¥D18&46bA4862-5tslEJECM￿T THE WIGGIN CHARITABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2023 GEMERAL INFORMATION The Charilable Company is a private Crynp￿ limited by gu*ntee incorpornted and domiciles in England and Wales and a registered thanty vitlh the Charities commissh￿. The address of the registered office is". 9th Floor Mel Building 22 Percy Street Lorn1on WIT 2BU ACCOUNTING POUCIES The principal a¢¢ounling poli¢ies a￿ summarised below. The accounts.ng pdicies have been applied Consistently Ihroughoul the penod. BasSs of A¢￿tIng The financial statements have been prepared under the htstorical cost wnvention. adopting the following a¢counting pOI￿leS, all of vthich are in acc(￿danCe wrth the A¢¢ountir@ and Reporting by Charities- Statement of Recommended Practs"ce appl￿ble to Charities preparing their financial statements in ac¢ordance ￿ the Financial Report Standards applrcable in the UK and Republic of Ireland IFRS 1021 effective 1 January 2019- {Chartlies SORP {FRS 1021). the special provisions relatirvj to small companies Y￿thIn Part 15 olthe Companies Acl 20c￿. The Charity has adapted the CoMpan￿S Act 2006 fomiats lo rellert the Spe￿al nature of Ihe tharity'$ activities. The financial statements a￿ rKesented in Pound Sterfiry and have been rounded to the nearest pound. The Charity constitutes a public benefft entity as deffined by FRS 102. G¢ing Concem The Chanty relies on the donatths and trusts to support its charitable actiVrt￿s. The Trustees have prepa￿1 the financial statements on a going con￿rn bass on Ihe assumption that their funding will be mel. Due to the nature of cash Ilows, there is aNvays some uncertainty. Should the charity not be able to continue as a goitvJ ¢on¢em. adjustments wouhl be necessary to write down the value of assets to their recoverabk amounts, make provisions for fwtlw l￿bilItieS that would arise on cessation of actiwbes and to redassify fixed assets and non