Moore Thompson Reglstered Number CE031659 Charity Number 1202172 THE JOHN AND MAUREEN BIGGADIKE FOUNDATION Charltable Incorpornted Organlsation Financial Statements ft>r the year ended 31 December 2024
THE JOHN ANO MAUREEN 8IGGADIKE FOUNDATION Index for the year ended 31 December 2024 Le9al and Administrative Infotrnalion Truslees. Annual Ret Independent Examinerfs Report Statement of Financial Aclivities Balance Sheet Notes to Ihe Financial Statements 8-14
THE JOHN AND MAUREEN BIGGADIKE FOUNDATION Legal and Administrative Infomiation for the year ended 31 December 2024 Trust••s Rithard Watter Le$ Chair Steven Raymond AdcCk Joanna Margaret Charlton David Hemrnant Faye Louise Blair LLB Mary Elvzabeth Peart Dennis John Grimw(M)d Registered offic? 23 New Road Spalding Lin¢oln$hire PE11 1DH Indèpèndènt •xamlnèr Heather Brighl B.A., F.CA. Moore Thompson Bank House Broad Slr*&t Spalding PE11 1TB Sollcltors Maples Sdicitor8 LLP 23 New Road Spaldin9 Lin¢oln$hir• PE11 1DH
THE JOHN AND MAUREEN BIGGADIKE FOUNDATION Trustees. Annual Report for the year ended 31 December 2024 The trustees have paSUre in presenting their report and Ihe ffinanaal slatements of the charitable incorporated organisatM)n lor the year ended 31 December 2024. INTRODUCTION The John and Maureen Biggadike Foundation was created on 29 April 2021 and was registered as a charititable incorporated organisation on 3 March 2023. These financial statements cover the year ended 31 December 2024. LEGAL STATUS The John and Maureen Biggadike Foundation is wistered vith the Charity Commission in EngLind and Wales as a Charitable Incorporaled OrganisatKn, registration number CE031659 and charty number 1202172. The principal office is 23 New Road, Spalding, Lincolnshire, PE11 1DH. OBJECTIVES OF THE JOHN AND MAUREEN BIGGADIKE FOUNDATION The objectives ol the foundatK)n as set out in the ConstrtutK)n arè as follow$". To advance such charitable purposes lacccwding to the law ol England and Wales) as the trustees See fit trom timè to timè vthhin the South Holland District Counul area wth particular pref¢r¢n¢¥ to ¢h8rilable purposes being carried out in the paiishes of Moutton Weston and Wh8pl¢xle. ORGANISATION The loundatK)n 15 gtsvemed by a Board ol Trustees ctynprising at ltrasl three bul no mortr than eight trustees. Tralning is prowded to keep trustees up to date vthh new legislation on a regular basis. RISK MANAGEMENT The Board ol Trustees has conducted rts own review ol the major risks to whKh the charitable incorporated organisatK)n is exposed and systems have been eslablished lo mitigate those risks. Significant external risks to funding have led to the de¥elopmenl of a strategic plan. Intemal risks are minimised by the implementalKJn of procedures lor authorisation of all Iransactions and projeds and to ensure qualty of delNery for 811 operational 8spect$ ol Ihe charitable incorporated org8nisaiK)rt. OPERATIONAL AND FINANCIAL REWEW The Foundation completed on the acquisition of three properties in the year, Ihese were bought with the intention of receNing a rental income that should exceed the retums received on bank deposits. All three of these properties along with the one acquired from the intb.al bequest have been rented since aCquiSOn and ha¥e eamed a net renl. after management fees and property costs of £17,565 and it is anticipated that, subject (o renovations required on the inrtial property. this balance should increase next year with the properties occupied lor the full 12 month period. The initial costs of the three property acquisitions in the year is shown within Investment Property at £548,616. The Foundation also earned £21.276 interesl on its cash deposits. The Foundats'on was able lo provide supwjrt lo a number of Iwal organisations amovnting to £6.013 as well 8s provKling food vouchers lo a number of children wilhin the bc81 area amounting to £16,560. Costs associated with thè mnning of thè Foundath"on and meèb"NJ rts gtsvèman( rèsptsnsibilthès amounted to £12,900. After taking into account the various income and expendrture the Trustees report a net surplus for the year of £3,368 and accumulated, unrestricted reserves of £1,939,785.
THE JOHN AND MAUREEN BIGGADIKE FOUNDATION Trustees. Annual Report Icontinuedl for the year ended 31 December 2024 FUTURE PLANS The Trustees have designated an amount of £350.000 for the acquisitKJn, improvement and initial running costs of Moutton Park from South Holland District Councl, this purchase was cornpted in February 2025. The Foundab'on has improved the park and wekomed ts first wsrtors in June 2025. GRANTS POLICY In order for the foundatvjn to meet its objectives the primary way wll be to make grants to kncal charities and charilies operating in the area ol benefft. The intent wll be for those grants to be used for projects rather than general expenses. Criteria The fundamental requirement is that grants made wll be frjr the public benefit. It is impossible to quantify whether providing funds for vouchers lof relief in need chanlies has a better public benefit than helping renov8te part of 8 windmill or providing repLqcemenl play eqwpment for children. As such each applicats'on will have to be considered on rts merils. Preference will be given to proiecls rather than meeting running expenses tmrt rna1 repairs to village halls may well be considered a project rather than routine maintenancè. The late Mr, Biggadike was ay$ keen lo help Peop help themsefves so in so far as it is possible grants of small sums to small organisatKJns would be a considered a priority. These are organisations that often do not qualrfy wth major funders or fin¢J Iheir applb"On processes loo cumbersome. In that regar¢J we propose a simple appltiOn coverin9 who Ihe applicant is, %that rt does, why it wants a grant and what rt will do %wth it. A bri¥f outline of its finanoal po$ilion and any olh¥r pending or inlonded grant applic81ions wll be required. Normalty payment will be dired lo the appInI organisalion bul in the ¢a$e of small enlrties wtr may w¥ll wish lo pay invoices direct. Monitoring Evidence of how the money is spent wll be required. The Trusiees envi58ge that in many cases such as building works they wll be able to inspecl personalty or with pholographic evidence. Where grants are paid to enable sums to be distributed a short account showng how and where the money has been spent will be required. Where the reapient is a registered chanty a certffje from rts treasurer or secretary wll nomial suffice. RESERVES POUCY It is the intention of thè Trustees that the FoundatK>n shId continu& into rpetUrty. to achieve that aim It Is intended that sorne ol the initial bequest. not currenlty being required to rneet its tharrtable objectives, should be used to acquire a number of investment properties lo achieve an ongoing income slream. The Trustees also intend lo deposit £500.(X)O wflhin an investment portlolKJ to provide a further inveslment income stream. It is the trustee's belief thal a minimum cash SerVe of approximatety 6 months ol anticipated administrabve expendrture should be maintained, and £100.000 wll be taIned in instant access accounts, wrth thè xsS prcts8ds fmm invèsbnènt rètums baing used to mèat thè Foundation's charitable objects'ves. ThÈ TrustÈe's hav6 commrtt*d to acquiring the Moulton Part and have dèsignated 8 balaneè of £350,000 tsf their gener81 reserves to make this acquisition.
THE JOHN AND MAUREEN BIGGADIKE FOUNDATION Trustees. Annual Report Icontinuedl for the year ended 31 December 2024 THE TRUSTEES The Trustees who served the charitable )orated organisatKsn during the year are listed on the legal and administrative information page. on page 1. TRUSTEES. RESPONSIBIUTIES The Iruslees are responsible for preparing the Trustees Annual Report and the financi81 ststements in accordance with applicable law and United Kingdom Acwunting Standards Iunited kn'ngdom Generalty Accepted Accounting Practice). Charty law requires the tnjstees lo prepare finanaal statements lor each finanaal year whh give a true and lair view of the state of affairs ol the chanlable incoporated oranisalM)n and of the incoming resources and application ol resources, including the income and expendrture, of the CIO for that per)d. In prepanng Ih&$e financial $tatement$, the tru$tee$ a required to". select suitable accounting polieS and then appty them Consistent., observe the methods and prinuples in the Charil*s SORP, make jud9ernenl$ and estimates that are r&asonable and prudtrnl", stale whether applicable UK Accounting Slandards have been folbwe(1. svbject to any material departures disclosed and explained in the financial slalemenls.. prepare the financial statemenls on the going concem basis unless it is inappropriate to presume that the CIO will continue in operation. The Iruslees are responsible for keeping proper $runtIng records that disdose wrth re8sonable accuracy at any time the financial position ol the CIO and enable Ihe proper preparalKJn of the financial statements. The trustees are also responsible for safeguarding Ihe assets of the CIO and hence lor taking reasonable steps for the prevention and detection of fraud and other Irre9ulariknes. PUBLIC BENEFIT The trustees have considered the Charity CoMmissn.$ guidance on public benefit and believe that the objects of the trust and the actNrties undertaken support this publ benefrt. The trustèes Consider that the full dètails ol th8 publ benefit hav¢ displa wrthin th& review of thelr grant rn8king and monitorin9 policy. Signed by order olthe Tw$lee$ Richard Walter Lewis Rlchard Walter Lewls - Chalr 1711012025 Approved by the Trustees on
Independent Examinorfs Report to the trusteos of tho THE JOHN AND MAUREEN BIGGADIKE FOUNDATION I report lo the ¢h8rty trustees on my examination of the a¢Unts of the ch8titable incorporated org8nis81ion for the year ended 31 December 2024 which are set out on pages 6 to 14. ResponsibilitieB and basis of report As the charitys trustees you are responsible for the preparation ol the accounts in accordance wth the requirements of the Charities Act 2011 I'the Aca'l. I report in r85peLt of my examinabon of the ch8wiW$ a¢¢ounts carried oul under $ection 145 of the Act and in carrying out my examination I have folknved all the applble Directk)n5 given by the Charity Commission under section 14515llbl of the Acl. Indèpèndènt •xamlnèffs statémènt I have cornpleted my examinatson. I confinn that no material matters have come to rny attention in connection with the examination giving me cause to believe thal in any material respect.. accounting record5 were not kepl in respect of the charrtable incorporated organisation as required by section 130 of the Act.. or the accounts do not accord with those records.. or the accounts do not compty with the appluble requ1mentS conceming Ihe form and content ol accounts set out in the Chartties (Accounts and Reports) Regulations 2008 other than any requirement that the accounts gwe a and fair vievv which is not a matter considered as part of an independent examination. I have no concerns and have come 8¢ro$s no other matters in connection wlh the examination Its which attention should be drawn in Ihis report in order lo enable a proper understanding ol the 8ccounls to be reached. H.Bright H. Brfght B.. F.C. Moore Thompson Chartered Accountants Spalding Date.. 2311012025
THE JOHN AND MAUREEN BIGGADIKE FOUNDATION Statement of Financial Activities (including Income and Expenditure account) for the year ended 310ecember 2024 2024 Unre5tri¢ted Funds 2023 Total Funds Total Fund8 Not• Income from: Donations 8nd gr8nts Inve5trnent Income 1,937,363 26,147 45.600 4S,600 45.600 Total income 45,600 1.963,510 Expèndltur• on.. Charitable actNities Raising funds Management and delivery Total expendltu 22.573 6,759 12.900 42,232 22,S73 6,759 12.900 19.444 1,369 6,280 42,232 27.093 Ntrt mov•m¢nt In funds 3.368 3,368 1,936,417 Reconclllallon of funds: Tot81 lund5 al 1 January 2024 1.936.417 1,936.417 Total funds 8131 December 2024 12 1.939,785 1,939,785 1.936,417 All of the activities of Ihe tharitae ino)wpoTaled organisalion are dassed as continuing activities. Thtr $latemenl of Financial A¢twrf*$ indudes 811 gains and 1088es recfjgnised in the year. The notes on p8ges 8 to 14 fonn part of these finanryal ststements.
THE JOHN AND MAUREEN BIGGADIKE FOUNDATION Balance Sheet At 31 December 2024 2024 2023 Not? Fixed assets Investment Property 883,616 335,000 Current assèts Debtors Cash at bank and in hand 10 111,866 956,738 1.068.604 111.768 1,499,892 1,611,680 Cr•dltor8: Amounts lalllng duè wlthln one year 11 112.4351 110,2631 Net current a88etg 1.056,169 1,601,417 Total a88et8 le88 current IlabilWe8 1,939,78S 1.936.417 Fund8 Unre$ldet8d 12 1.939,785 1,936.417 1.939.785 1,936,417 These financial statements were approved and authorised by the Trustees on signèd on their béhalf by". 1711012025 and are Richard Walter Lewis Faye Louise Blair Rlchard Walter Lewl¥ - Chalr F•y• Loul$* Bl•lr- Trn•$ur•r The notes on pages 8 to 14 fom part of these ffinanaal statements.
THE JOHN AND MAUREEN BIGGADIKE FOUNDATION Notes to the Financial Statements for the year ended 31 December 2024 1. Aeeountlng pollcles General infornation and basis of accounting The John and Maureen Btggadike Foundation is registered %wth the Chartty Commission in England and Wales as a Chantable Incorporate¢J Organisat¥)n, registratson number CE031659 and charity number 1202172. The principal office is 23 New Road, Spakling, Lincolnshiie, PE11 1 DH. The CIO constitutes a public benefit entty as deffined by FRS 102. The financial 5t8tements have been prepared in accordance with Accounting and Reporting by Charrties.. Statement of Recornrnended Practice appluble lo charities preparing their accounls in accordance wlh the Financial Reporting Standar¢J applb in the UK an¢J Republic of Ireland tssued in October 2019, the Financial Reporting standard applUb in the Unrted Kingdom and Republ of Ifèland IFRS 1021. thè Charitiès Act 2011, and UK Generalty Accepted ArLounting Practice. The finanaal statements are pfepared on a going CLN)cem basis undèr thè historical cost convèntion, modified lo include certain items 81 fair value. The finan1 stsl&menl$ are presenltrd in sl&rfing which 1$ the functional currency of the CIO. The signfficanl accounting polictes applied in the prep8rntion are sel out below. These pol185 have been consistenlty applied lo all years presented Un$3 othe1$e ststed. Fund8 Unrestricted funds are available for use at the discretion of the trustees kn furtherance of the general obl1ve$ of the CIO an¢J vA)i¢h havo not been desi9nate4 for other purposes. Incom• r•eognltlon All in¢oming re$our¢e$ are in¢ludd in the Slalmenl of Finanoal A¢ts'vrti¢$ when the CIO is 981 entitled to the in¢orne after any performan¢e conditions have been mtrt, the amount be measured reliably and it 15 probabk thal Ihe income wll be received. For don8tions lo be renised the CIO VAI have been notffied ofthe amounts and the settlement date in writing. 11 there are conditions attached lo the dOnatn and this requi$ a level ol performance before entitlement can be oblained then income is deferred until those condrtions are lulty met or the fulfilment ol those eonditions is wrthin the control of the CIO and rt is probable that they VAII be fulfilled. Intere81 on fvnd$ hekl on deposit is induded when re¢eiv8bl8 end Ihe amounl can be measured reliabty by the cornpany.. this is nonnalty upon notificat)n of the inlerest paid or payable by the bank. Expendlture recognltlon All expenditu is accounted lor on an accruals basis and has been dassified under headings that aggregate all costs related to the category. Expen¢Jrture is recognised where there Is a legal or constructivè tsbligation to make Payvnents to third parts, it is prtsbable that the settlement will bè required and the arnount of the obligabon can be measured reliabty. Charitable actNty expendrture comprises grants payable indu¢Jed on an accruals basis. Support costs are Ihose that assisl the of Ihe CIO bvl do not directty repsent charrtable activities and indude administrative costs. They are inujrred diredty in supwt ol expenditure on the objects of the Governance costs are costs of charilabk aciNities bul those which relate to the govemance and stewardship of the CIO rather than direct to Ihe aclivths themsetves.
THE JOHN AND MAUREEN BIGGADIKE FOUNDATION Notes to the Financial Statements (continued) for the year ended 31 December 2024 1. Aeeountlng pollcles Intrnent propgrty Investment properties a included in the balance sheet at fair value delemiined annualty and are not depreciated. Debtorg and credltorg recelvablelpayable wlthln one year Debtors and credTtOTS vthh no slated interest rate and receivable or payable wrthin one year are recorded at transaction price. Amy losses arising Irom impament a recognised in expendrture. Taxatlon Thè CIO is an exempt charity wrthin the meaning of schedule 3 01 the Charities Act 2011 and 1$ ¢onsidered lo pass the lests sel oul in Paragraph 1 Sthedule 6 Finance Act 2010 and Iherefortr il mtrels the definib'on of a charity for UK corpor8bon tsx purposes. Golng Concèrn The finanrial statements have been prepared on 8 going concern basis as the trustees believe that no material UncertainlS exist. The trustees have considered Ihe Ve1 of funds held and the expected level ol income and expenditure for 12 months from authorising these finanaal statements. The budgeted Income and expenditure Is sufficienl with the level of reserves lor the charty lo be able to continue as a going ¢on¢ern. Judgèm•nt8 and k•y •oure•8 of utlmatlon unc•rtalnty The preparation of the financial slalements requires mana9emenl to make judgemtrnls. eslimales and assumption5 thal affect Ihe amoun15 reported. These estimales and judgernents are continualty reviewed and are based on experience and other factors. including expectations ol future events that a believed lo be reasonable under the urcumslances. Revisions to accounting estimates are recognised In the per In which the estimat6 is revised rf the revision affects onty that pèriod or in thè period of the revision and future p¢ri¢)ds rf the revi$K)n affects both ¢uNenl and fulufe p&riod$. The useful economic lrfe used to depreaate tangible fixed assets relates to the expected future performance oflhe a$$et$ acquired and management's estimate ol the period over which trconomlc benefit wll be derived from the a$8et. The residual value of an asset is the estimated fair ¥alue of that asset at the &nd of rts uselul economic life and Ihereftjre is also depenijenl up¢)n the estimation of Ihat life span. Historicalty, ch8ngÈs to the usÈlul tsCA)nom lrfè and rèsidual values havè not had a material impact on the depreri8tion amount ch8rge to Ihe Stslement of Fin8nci81 Aciwities. Gul-off 15 applied at the year end date. An eslimatK)n of income or expenditure applicable lo the relevant period musl be applied when Ihe receipt or paymenl relates to a different period to the year end.
THE JOHN AND MAUREEN BIGGADIKE FOUNDATION Notes to the Financial Statements (continued) for the year ended 31 December 2024 2. Donations and Grants Total Funds 2024 Total Funds 2023 Unrestrfcted Funds Donations 1.937.363 3. Inv•stm•nt Ineomè Total Funds 2024 Total Fund8 2023 Unrestricted Fundo R8nl$ from invèstmtrnl properties Inlef$sl re¢eivabl& 24.324 21.276 45.600 24.324 21.276 45.600 10.000 16,147 26.147 4. Chortiabl* a¢tlvltkn8 Totsl Funds 2024 Total Funds 2023 Unr•8trtct•d Fund$ Gr•nts payable Moulton Church Moulton Harrox FC Moulton Tol$ & Carers Moulton Rainbows S8ra¢ens Head Village H81 Pupil Premium Scheme Whaplode Playin8 Field Moulton Community Association Moulton Windmill Project 2,500 1.250 1.000 500 1.776 11,900 16,560 200 4,000 1.000 16,560 200 4,000 1.000 Charitable Cost8 Moulton Warm Spaces 813 813 518 22.573 22.573 19,444 10-
THE JOHN AND MAUREEN BIGGADIKE FOUNDATION Notes to the Financial Statements (continued) for the year ended 31 December 2024 5. Fund raising costs Total Funds 2024 Total Funds 2023 Unrestrbcted Fund Prolessional lees- management commisslon Rental property expenditure 3.235 3,524 3.235 3,$24 960 409 6.759 6.759 1,369 6. Management and dellvery of chJrW$ purpose Total Fund8 2024 Total Funds 2023 Unrestricted Fund8 Advertising Legal and professional Independent Audilorfs remuneration 100 4,SOO 1,680 6,280 12,900 12.900 12,900 12.900 7. Total exp•ndltur• Total Funds 2024 Total Funds 2023 Note Dlre¢t Costs Support Co8t• Governanco ctI Charitsble actNilie$ Fund raising costs Management and delNery 22.573 22.573 6.759 12,900 42.232 19.444 1.369 6.280 27.093 6,759 12,900 12,900 22,573 6,759 8. Staff colts •nd •mploy•• nOffits No 3tsff are employed by the Foundation. No amounts are payable to the trustees in SpeCt of reMUneraln, beneffts in kind or reimbursernent of expenses.
THE JOHN AND MAUREEN BIGGADIKE FOUNDATION Notes to the Financial Statements (continued) for the year ended 31 December 2024 9. In¥tment property 2024 2023 Mark•t Value At 1 January 2024 335,000 Additions 548.616 335,000 At 31 December 2024 883.616 335,000 Th• addition represents threè prope"eS acquired by the Foundab"on dumg the year wth the purpose of achieving a stream of renlal income to lund both Ihe running costs and charitable objectives of the Foundation. The trustees have reVIed the k)cal propety mathet aThJ do not believe the value of any of the four properties held wf¢hin rts propety porlfolio would have materialty changed within the year. 10. Debtor¥ 2024 2023 Sundry debtors Prepayments Loans 1.623 526 109.639 111.788 109.639 111,866 The loan represenls contributions made to the Weston Consolidaled Chanty to asslst with the ¢on$lw¢tion of new Alms Hous&s. R&paym&nl lo lh& Foundabon %*ill b& mad¥ from di$po$al$ of some of the charws existing assets which can be done following the completion of the Alms Houses. Interest is not charged on this loan as in the opinion of the trustees the objectives of Weston Consolidated Charrty are consistent vnth Ihe Foundalion'3 own objeclives and Ihe decision to waive interest is therefore in line wrth the Foundation meets.ng rts own charrtable objectives. In addition to the loan above, the Estale of John and Maureen Biggadike made additional payments to the Weston Consolidated Charty prior to the Founijation being eslablished. these being made on the same basis as (he loan amounts, these are not recognised wilhin these accounts but are repayable lo the Foundation and will be Ireaied 8$ a fvrther donation on receipt. 11. Credltors: Amounts falllng due wbthln one year 2024 2023 Trade credrtors Grants payable Accruals and deferred InCe 307 1,776 8.180 10.263 1.392 12,435 The trustees have accrued as a liabilty grants payable, the qualty'ng conditions have been mel at the balance Sheet date. awKI the grant has treen 8PPtoved for payTnent by the Itustees. 12-
THE JOHN AND MAUREEN BIGGADIKE FOUNDATION Notes to the financial statements (continued) for the year ended 31 December 2024 12. Statemènt ol funds Movemènt In rtsoure•s - eurrent yr Balance at 1Jan 2024 Balance at 31 Dec 2024 Incornin9 Outgolng Transfer8 G•n•rAI funds Designated fund General ftjnd 350.000 1350,0001 350,000 1.589.785 1,939,785 1.936,417 1,936,417 45.600 45,600 142.2321 42.232 Total unrestricted fijnds D•slgnated fund- The Tru$t8e$' havtr ¢ommitted to a¢quiring Ihe Moulton Park and had de$ignal&d 8 balance of £350,000 of the CIO'S general reserves to make this 8cqWsitn al the year end. 13. Control relatlonshlp The charitable incorporated organisalion 1$ controlled by lh& Ityst joinlty and no individual Can or does exert control over the others. 13-
THE JOHN AND MAUREEN BIGGADIKE FOUNDATION Notes to the financial statements (continued) for the year ended 31 December 2024 14. Statement of Financial Activities (including Income and Expenditure account) Comparativgs 2023 Unr•strict•d Funds Total Funds Income from.. Donations ond grants Investfflenl Incorne 1,937.363 26.147 1,963,510 1.937.363 26,147 1,963,510 Total incom• Exp•ndltur• on." Charitable activitMs R&ising funds M8n8gemenl and delivery Total •xp•ndltur• 19.444 19,444 1.369 6,280 27,093 6,689 27,093 N•t movem•ftt In lunds 1.936.4f 7 1.936.417 R•conclll•tlon ollunds.. Tot81 funds at 31 December 2023 1,936.417 1,936.4qT All of the Bctivities of Iha chant8bl6 incorporn18d Oryanisat ar8 cl8ss8d as continuing The statemenl of Financi8lActivrties includes allgains andlosses recognised in the year. 15. Statement ol Funds Comparatlves Mov•m•ntln rnsoure•s Balanee at 31De 2023 Incomlng Outyolng Transf•rs G•n•ral funds GeftJer81 fund 1.963.510 (27,093) 1,936,417 Total n81Cted lun(ts 1,963,510 27,093 1,936,41T 14-