CharSty reglstration number 1207788 IEngland and Wales)
THE RIGBY FOUNDATION
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 5 APRIL 2025

THE RIGBY FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustses
Mr S P Rigby
Mr J P Rigby
M5 P A Rigby
Sir P Rigby
(Appointed 10 April 20241
(Appointed 10 April 20241
(Appointed 10 April 20241
(Appointed 10 April 20241
Exeeutivè Dirèetor
Sonia Chhatsval
Charity nurnberlEngland and Walesl
1207788
Registered offi¢e
Bridgeway House
Bridgeway
Strarford-upon-Avon
Wamickshire
CV37 6YX
Auditor
Ormerod Rutter Limiièd
Thè Oakley
Kidderrninstei Road
Droitwich
Wor¢estèrshir&
R9 9AY
Bankèrs
HSBC
130 New Street
Birtningham
Wesl Midlands
B2 4JU
Solicito
Stone King LLP
Boundary House
91 Charterhouse st￿et
London
EC1M 6HR
Mi115 & Reeve LLP
24 King Wlliam Slresl
London
EC4R 9AT

THE RIGBY FOUNDATION
CONTENTS
Page
Trustees. report
Indepandant auditorfs report
Statement of financial actsvilies
Balan￿ sheet
Stslement of cash flows
10
Note5 to the financsal statements

THE RIGBY FOUNDATION
TRUSTEES. REPORT
FOR THE PERIOD ENDED 5 APRIL 2025
The Trustees present thair annual report and financial statemen15 for the first period from 10 April 2024 to 5 April
2025. The Rigby Foundation Is conslrtuled 85 3 Cha￿table Incorporated Organisalion IGIOI and registered with the
Charity Comrllission on 10 April 2024.
The financial 31atements have been prepared in accordance wblh the a¢coundng poliaes sel out in note 1 to the
financial stalernents and comply with the CIO'S governing document. the Charitiès Act 2011, FRS 102 The
Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting
and Repotting by Chaiib"es'. Slalemenl of Re¢ommendÉd Practice applicable lo charities preparing thèir accounts In
a¢¢ordance wlh the Financial Reporting Standard applicable in the UK and Republic of Iieland IFRS 1021"
Objectives and activities
The object of the CIO is to further such purposes as are exclusive￿ charitable Tn accordance with the laws of
England and Wales as the Trustees shall from lime to time determine. in particular through giant maknng.
The period ending 5 April 2025 has been a very busy and ex¢iling period for The Rigby Foundation as the Trustees
made decisions about future strategy. The Rigby famity have strong ties lo the West Midlands both as a place
where they have lived and worked, and as a region where Rigby Group plc cornpanies have a significant presence.
The West Midlands also faces many challenges. Birmingham has been ranked as the 7th most deprived local
authority in England In the Governtnenl's Indices ol Deprivation since 2015 and more than 60°A of the city's
population livè in neighbourhoods Considered lo be amongst the top 30% most deprived nationally. For these
reasons, the Tru51ees have chosen to rnake the West Midlands the Foundation's priority, with a particulai focu5 on
central and south Birmingham. The Trustees see a unique opportunity to hèlp propel the region fo￿ard, equipping
young people with the skills and opportunities they need lo reach their full potential.
Thè Board has also confirmed thèir intèrestod in funding evidencepba5ed prograrns that supptsrt young people aged
11 years to 25 years and that deliver posity've outcomes relating to..
Attainment- particularfy English and Malhetllali¢s
Essential skills- including problem 501ving, leadership, oracy, communication.
Preparing for post school destinations
includlng work placements. support with apprenticeships and
university applications
Wellbeing- specifically mental health
As part of the pro¢es$ of Setting the future strategy for The Rigby Foundation, the Trustees cornmi5sioned
renowned think lank the Centre for Social Justice IGSJI to ensure an eVIden￿-baSed approach lo future fvnding.
The CSJ rnel with education, charity and community leadeis and young people across the Wesl Midlands lo
understand the biggest challenges facing the next generation. The feedback CSJ ieceived from respondents was
hard hitting..
Only around 40fi of students eligible for free school meals in the region progress to the most ¢ompelilive
universities, compared with nearly t2°￿ of their wealthier peers
Almost 1 in 5 young people are out of work- much higher than the n8tSonal average
Young people in Birmingham highlighted work 8xpèri8nce as the single biggest acti¢)n that could rnake a
difference lo employment prospects.
The CSJ Research. encapsulatod in their report A New Deal for Young People in the West Midlands, led the
Trustees to confirm that the Foundation's Vision is to ensure thal'young people from less advantaged backgrounds
succeed a¢ademi¢ally and secure meaninglul employm&nt'.
Grdntmaking
Grants ale issued at the discretion of the Trustees. in line with the objeclwes of thè CIO.
Public benefit
The Trustees confirrn that they have cornplied with their duty in Sèction 17 of the Charities Act 2011 and have paid
due regard lo guidan￿ issued by the Charity ComMiss￿n for England and Wales in deciding what activities the
CIO should undertake.

THE RIGBY FOUNDATION
TRUSTEES, REPORT (CONTINUED)
FOR THE PERIOD ENDED 5 APRIL 2025
Charltsble Activities
Central to The Rigby Foundation's approach lo grant making is our'lnspiring Futures, program. The Trustee5 have
selected 10 education partners serwng students from some of the least advantaged backgrounds in the region and
g evidence-based Char￿e$ who are expert in delivering projects in the areas listed above.
The Foundation has allocated £1 Ook per ye8r to e8¢h edu¢alion partner. with each school or college then able to
choose which of Ihe selected charities that they would like lo work with, and these selected educalionlcharily
relationships are then funded by the Foundation. The Trustees have committed £1,000,000 to the Inspiring Futures
program each year for 3 years with the program commencing in September 2025. It is hoped that Inspiring Futures
will deliver positive outcomes for al least 1,000 young people each year.
The charities that are part of the Inspiring Futures progiarn wer& selected after a period of deep research, due
diligence and consultation. Thè aducalion partners were selected following a robust application process and in
consultation with Birmingham City Council and local education experts. The ¢harflies and education partners that
were not selected lo be part of Inspiring Futures were given a donation in recognition of their limè in applying to ba
part of the program.
In January 2025, The Rigby Foundation hosted a meeting with the key slakeholdars involved in Inspiring Futures
that enabled education partners to hear about the wotl( of each charity in more detsil and discussion about the best
way lo structure. faclli18te and evaluate the program. We look forward lo providing an update on the progress of
Inspiring Futures in our next Annual Report.
Administrative, financial and accounting support is prowded by Rigby Group IRG} plc. To support the management
and delivery of Foundation activities, new members of staff were recruited to work alongside the Executive
Direetor- a full time Partnerships Manager and a part time Adminislralor. In addillon. the Foundation launched a
new website http5..I1￿w.rIgbYfoundalIon.OIg.Ukj and began working with volunteers from SCC, a maior division of
Rigby Group plc. Slaff from SCC will be able lo volunteer to support a wide variety of aclivits.es led by the
Foundation's charity partners to support local young people develop their employability skills.
Achievemertts and perfornian¢e
In July 2024 The Rigby Foundation launched a Ihree•year partnership with Generation UK lo provide opportunities
for young adults not in education or training. Generation offers free 'skills bootcamps, to prepare, place and support
young people into careers that would othewise not be accessible for them. ineluding IT. Generation's provision is
rated as outstanding by Ofsted and 70% of learners are placed in job5 Wrthin six months of completing the
programme. In addition lo Iinan¢ial support, the Foundation has helped to connect Generation with employees from
SCC. a major division of Rigby Group plc. Staff fiom SCC taka part in employability events, sharing their careèr
journey. skills and experience with Generation learners and helping them to develop their Cvs and lo prepare for
intèrviews.
Flnancial review
The Statement of Financial Activthes for the period is set out on page 8 of the financial statements. Income for the
year was £1,054.849. The Rigby Foundation's main source of income is, and is expected to remain, doriations from
Rigby Group IRGI plc. The Charity made donations and grants totalling £868,629 to further ils charitable objectives.
of which the largest donats'on was £286,365 to The Schoo15 Progiamme supporting the educational objectives.
Overhèads which ctsmprisad of support and governance costs lotalled £50,312 and direct costs of £110.704 were
incurred on research and con5ultan¢y.
The Rigby Foundation held a cash balance of £66,027 and unreslrieted. free reserves of £25,204 at the period end.
Re$•rves pollcy
The Rigby Foundallon does not ¢uryently hold any reserves. However, the Trustees arg endeavouring to build
reserves of 6 months, operating cos15 and grant Commi￿￿nIS by April 2028 and one yearfs operating Costs and
giant commitments by 2028.
Prlncipal funding source
The principal funding source is companies owned by the Rigby Family.

THE RIGBY FOUNDATION
TRUSTEES, REPORT (CONTINUED)
FOR THE PERIOD ENDED 5 APRIL 2025
Risk management
The Trustees have a duty to identty and review the risk5 to which the CIO is exposed and to ensure appropriate
ntrols are in place lo provide reasonable assurance against traud and eiror.
The Trustee5 have assessed the major risks to which the CIO is exposed and are 5alisfjed that syslgms are in place
lo mitigate exposure to the major risk5.
The primary income source are donations from companies owned by th$ Rigby Family. The Rigby Foundation 15
Currèntly building up re$erve$ lo fund charitable activib'es should. for whalevei ieason. tho Rigby Family cease to
continue lo provide such donation5 in the future.
The Rigby Foundation invests cash in recognised banking institutions to mitigate ffinancial risk.
Plans for future perlods
The Ri9by Foundation's focus for the year ended S April 2026 will be lo ensure that the Inspirtng Futures program
launches successfully with our education 8n(J charity partners and that al least 1,000 young people have positive
experiences from being involved with the prograrn. Wè will also idenlity an independent evaluation partnoi tts
measure and report on project outcomes.
In 8ddilion lo our existing relationships, in Ihè yaar ènded 5 April 2026. The Rigby Foundation Trustees have also
comrnitted lo funding three new charty partners
Right to SU￿ed
a charity focused on place that hèlps communikn'es deliver Ihe ¢hanges they have
identified that their young people need to achieve their potential.
The Grace Ftsund*ion - who recruit and place 'Ethos Tearns, th* Éndude Youth and Family support
workers. w.rth partner schools serving children from very challenging b8ckgiounds.
The Royal National Children's Springboard Foundation
whose mission is lo enablè aec8ss to the
opportunities available in state boarding and independent schools for young people with Ca￿ experiènca
and those facing significant barriers to opportunity.
The Trustees are Snteresled In the causes and impact of pupil absence and hava commissioned the Centre for
Social Justice lo complete research into this important issue which will be launched in Autumn 2025.
Structure, governance and management
The CIO is constituted as a Charitable Incorporated Organlsalion ICIOI registered with the Charity Commission on
10 April 2024.
The Rigby Foundallon is governed by ils Association Model Constitution dated 10 April 2024.
Thè Trustees are legally responsible for the govemance and management of the CIO. The Trustees are respongble
for setting strategies and policies and ensuring these are implemènted.
The Trustees who setved during the period and up lo the date of signature of the financial statements were..
Mr S P Rigby
(Appointed 10 April 20241
Mr J P Rigby
(Appointed 10 April 20241
Ms P A Rigby
(Appointed 10 April 20241
Slr P Rigby
(Appointed 10 April 20241
Mr S P Rigby is the Chair of Trusteès.
Recruitm¥ntand appointmtrnt of new Tru$t••s
New Trustees oan be appointed by the exi51ing Trustees during their joint lrfetime, and by the survwor of the settlors
dunng the remainder of his or her lifetirne. There mu51 be al least three charity Trustee5. If the number falls below
thi5 minimum, the remaining Trustee or Trustees may act only lo Call a mèetin9 01 the charity Trustees, or appoint a
new charity Trustee. There is no maximum number of charity Trustees that may be appointed to the CIO.

THE RIGBY FOUNDATION
TRUSTEES. REPORT (CONTINUED)
FOR THE PERIOD ENDED 5 APRIL 2025
Organlsatlonal $tru¢tur•
The Trustees and Executive Director oversee 811 financial transactions that occur during the year.
Inductlon and tralnlng of new Trustees
Due to the simplè nature of th& CIO. no fomial induction or training of the Trustees is deemed necessary. However
in suth instance5 as required the Twstees receive professional advi￿ as they deem lo be required.
In 2025, all Trustees completed Trustee Safeguarding training due tts the focus of the Foundation's work teing lo
$upport ¢hildren and young people from less advantaged background8.
Statemènt of Tru$t¢e$' responslbllltles
The Trustees are responsible for preparing the TNslees' Report and the financial statements in a¢¢ordan¢8 with
applicable law and United Kingdom Accounting Standards IUnilÈd Kingdom Generally Accepted Accounting
Practice).
The law applicable lo tharities in England and Wales requires the Trustee5 to prepare finanaal statements for each
financial period which give a tiue and fail vigw of the state of affairs of the CIO and of the incoming resources and
application of resources of the CIO for that period.
In preparing these financial statements, the Trustees are required to-.
select suitable accounting poliaes and then apply Ihern consislenlly..
observe the methods and principles in the Charities SORP.,
make judgements and estimates that are reasonable and prudent.,
stale whether applicable accounting sland8rds have been followed, subject lo ar5y maltsiial departures disdosed
and explained in the financial statements,. and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity
will continue in operation.
The Trustees are responsible for keeping sufficient a¢￿untIng records that disclose with reasonable accuracy at
any lime the financial posi11t)n of the CIO and enable them lo ensure that the financial statements comply with the
Charities Act 2011. the Charity (Accounts and Reports) Regulations 2008 and the piovisions of the trust deed. They
are also responsible for 58feguaiding the assets of the CIO and hence for taking ￿aSOnable steps for the
prevention and detection of fraud and other i￿egUlarl11e￿.
Audltor
In ac¢ordance with the eompanls articles, a resolution proposing Ihal Orrnerod Rutter Limited be reappointed as
auditor of the company will be pul at a General Meeting.
Disclo$urÈ of infornmtion to auditor
Each of the Trustees has confirmèd that there is no information of which they are aware which is relevant lo the
audit, bul of which the auditor 15 unaware. They have further confirmed that they havé taken appropriate steps lo
identify such relevant infomialion and lo establish that the auditor is aware of such information.
The Tru$tees' report wa5 approved by the Board of Trustees.
Mrs
igby
Chair of Trustees
Date:
16.12.2025

THE RIGBY FOUNDATION
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF THE RIGBY FOUNDATION
Opinion
We have audited the finanaal statements of The Rigby Foundation Ithe 'CIO'I for the period ended 5 April 2025
which comprise the slalemenl of finan¢ial 8dvltSes, the balance sheel, the slalemenl of cash flows and notes to the
financial statements, including significant accounting policiès. The financial reporting framework that has been
applied in their preparation is applicable law and United Klngdom Accounting Standards. including Financial
Reporting Standard 102 The Financial Reporting Standard applicable In the UK and Republic of Ireland (United
Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial 51alemenls'.
give a true and fair view of the stale of the CIO'S aff8irs as at S April 2025 and of ils incomlng resources and
application of resources, for the period then ended.,
have been properly prepaied in a¢¢ordance with United Kingdom Generalty A¢￿pted Accounting Practice..
and
have bèèn prèparèd in accoidance with the Charities Act 2011.
Basis for opinion
We conducted our audit in a￿Ordance with InlèTnational Standards on Auditing IUKI IISAS IUK}} and applicable
law. Our responsibilities under those standards are fuTther desc￿bed in the Auditorfs responsibilities for thè audit of
the financial stalements sedion of our report. We are independent ol the CIO in accordance with Ihe ethical
requirements that are relevant to our audit of the financial statements in the UK, induding the FRC'S Ethical
Standard. and we have fulfilled our other ethical responsibilities in accoidan¢È with these requirements. We believe
that the audit evidence we have obtained 15 sufficient and appropriate lo provide 8 basis for our opinion.
Conclusions relating to goirtg eoncèm
In auditing the financial statements. we have concluded that the Trustees, use of the going ￿ncern basis of
8eeoiJnting in the preparation of the financial staternent5 is appiopriatg.
Based on the woik we have pèrformed, we have not identified any material uncertainties relating lo even15 or
conditions that, individually or collecuvely. may cast significant doubl on the CIO'S ability to continue as a going
concern for a period of al least ￿e1ve months from when thè financial 51alemenls are authori$ed for issue.
Our responsibilities and the responsibilrties of the Trustees with respect lo going concem ar8 d8scribed in the
r8levant sections of this report.
Other infomiation
The other information comprises the infomalion induded in the annual ￿POrt other than the financial statements
and our audilorfs report Ihereon. The Trustees are responsible for the other information contained within the annual
r&port. Our opinion on the financial slaternenls does not cover the other informakn'on and we do not express any fom
of assurance conclusion thereon. Our responsibility is to read th8 Other information and. in doing so, consider
whether the other informali(x) is materially inconsistent with the financial statemènts or our kno￿edge obtained in
the course of the audit, or otherwise appears to be materially misstated. If we Identfy such material inconsislencie5
or apparent rnalerial misslalemenls. we are required to determine whether this gives rise lo a material misstatement
in the financAal stalemenls themselves. If. based on the work we have performed, we Conclude that thère is
material misstatement of this other information, we are required to report that fact.
We have nothing lo report in this regard.
Matters on which we are required to report by exception
We hav8 nothing to report in respect ol the following matter5 in relation to which the Charities (Accounts and
Reports) Regulations 2008 requires us to report to you if, in OUT opinion..
the information given in the financial statements is inconsistent in any material iespe¢t with the Trustees,
report., or
sufficient accounting Tecords have not bèen kÈpl', or
th6 financial statements are not in agreement with the accounting records.. or
we have not received all the information and explanations we require for our audit.

THE RIGBY FOUNDATION
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF THE RIGBY FOUNDATION
Responsibilities of Trustees
As explained more fully in the statement of Trustees, responsibil￿es, the Trustees are responsible for the
preparation of the financial 51alernenls and for being satisfied that they gNe a true and falr view, and for such
internal control a5 the Trustees detwmine is necessary lo enable the preparation of financial statements that are
tree from material misstaternent. whether due lo fraud or error. In preparing the finanaal slalements. the Tru51ees
are responsible for assessing the CIO'S ability to continue as a going concern. disclosing, as applicable, matters
related to going concern and using the going concern basis ol accounting 4Jnless the Trustees either intend to cease
operations, 01 have no realistic allernalive bul lo do so.
Auditor's responsibilities for the audit of the financial statements
We have been appointed as auditor ijnder section 144 of the Charities Act 2011 and report in accordance with the
Act and r818vanl regulation5 made or having effect Ihereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement. whether due lo fraud or error. and to issue an auditor's report that includes our opinion.
Reasonable assurance is a high level of assuranc8 but is not a guarantee that an audit conducted in accordance
WFth ISAS (UK) will alway5 delect a material rnisststemenl when il exists. Misstatements can arise from fraud or
eiror and are considered material if, individually or in the aggregate, they could reasonably be expected lo influence
the economic derisions of users taken on the basis of these financial slatemenls.
Irregularities, including fraud, are instances of non-comph'ance with law5 and regulations. We design prorRdures in
line wth our responsibilities. outlined above. to detect material misstatements in respect of irregulaiilies, including
fraud. The extent to which our procedures arè capable of detecting irregularities. including fraud. is delaibed be40w.
Based on our understanding of the CIO. we idèntified the principal risks of non-compliance with laws and
gulations indudin9 those that have a direct impact on the preparation of the financial statements and the extent to
which non-complianoe rnighl have a material effect on the financial slalemènts. Audit procedures pertom)ed
included discussions with management, review of board meeting minijles, lesling of journals. designing and
perfomiing audit procedures and challenging assumptions and judgements made by management In relation to
accounting estimates.
There are inherent limitations in the audit procedures described above. We are less likely lo become aware of
instances of non-compliance with laws and regulations that are not closely related to events and transactions
reflected in thè fin8n¢i8151alemenls. Also. the risk of not detecting a material misstatement due to fraud is higher
than the risk of not delecling one resulting from error, as fraud may involve deliberate cun¢ealmant by. for example,
forgery or intentional misrepresenlalions, or through collusion.
A further description of our responsibilities is available on the Financial Reporting Council'5 web5f(e al.. http5.jl
vMw.frc.org.uklauditorsresponsibilili8s. This description forms part of our auditorfs report.
Use of our report
Thls report is made solety lo the charfly's Trustees. as a body. in accordance wilh Part 4 of the Charities (Accounts
and Report51 Regulations 2008. OUT audit work ha5 been undèrtaken so that wè might state to the charity's
Trustees Ih05e matters we are required lo stale lo them in an auditorfs report and for no other purpose. To the
fullest extent permitted by law. we do not accept or assume responsibility lo anyone other than the charity and the
chaiity's Trustees as a body, for our audit work, for this report, or for the opinions we have formed.

THE RIGBY FOUNDATION
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF THE RIGBY FOUNDATION
Colm McGrory FCA (Senior Statutory Auditor)
For and on bèhaw of Omerod Rutter knmited. Statutory Auditor
Chartered Accountants
The Oakley
Kidderminster Road
Dro1￿ICh
Woreesltrishire
WR9 9AY
Date..
Ormerod Rutter Limited is eligible for appointment as auditor of the CIO by virtue of its eligibility for appointment as
auditor of a company under section 1212 of the Companies Act 2006.

THE RIGBY FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE PERIOD ENDED 5 APRIL 2025
Unrestricted
funds
2025
Notes
Income from:
Donations and legacies
1,OS4,849
Totsl In¢ome
1,054,849
Expènditure on=
Charitable activities
1,029,645
Total oxpènditur
1.029,645
Nèt Incom8 and mov•m•nt in fund$
25,204
R&conclllatlon of funds:
Fund balances al 10 April 2024
Fund balances at S April 2025
25,204
The statement of financial activities includes 811 gains and lossas recognised in the period. All income and
expenditure derive frorn continuing activities.
The notes on pages 1110 16 form part of these financial 51atemenls.

THE RIGBY FOUNDATION
BALANCE SHEET
AS A T 5 APRIL 2025
2025
Notes
Current assets
Debtors
Cash al bank and in hand
11
372
66.027
66.399
Creditors- amounts falling du• within one year
12
141,1951
N•t currant assèts
25,204
The funds of the CIO
Unre$tri¢led funds
13
25,204
25,204
The notes on pages 11 to 16 fom part ofthese financial slatemenls.
The fjnancial statements were approved by the Trustees on
16.12.2025
MrS-
Rigby
Chair of Trustses

THE RIGBY FOUNDATION
STATEMENT OF CASH FLOWS
FOR THE PERIOD ENDED 5 APRIL 2025
202S
Notes
Cash flows from operatlng a¢tlvltie$
Cash generated from operations
15
66,027
Net cash generated from investing activities
Net cash generated from financing activities
Net Increase In cash and ca$h gqulvalgnts
66,027
Cash and cash equivalents at beginning of period
Cash and ea$h equivalents at end of period
66,027
The notes on pages 11 to 16 fomi part of th&s6 financial stalemenls.
10-

THE RIGBY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 5 APRIL 2025
Accounting policies
Charity infomiation
The Rigby Foundation is a Charitable Incorporated Organisalion (No. 1207788) registered with the Charity
Commission in England and Wales on 10 April 2024. The principal address Is Brfdgeway House. Bridgeway,
SliatfoTd-upon-Avon, Warwickshiie, CV37 6YX.
1.1 Reporung perlod
The financial slalemenls cover the first accounting period from 10 April 2024 10 5 April 2025.
1.2 Ba$1$ of preparation
The financAal statements have been prepared in ac¢ordance with the CIO'S goveming document, the Charibe5
Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the
Charities SORP 'Accounting and Reporting by Charilie5'. Slalernenl of RoCOtllm8nded Practice applicable lo
charities preparing their acctsunls in accordance with the Financial Reporting Slandaid applicable in the UK
and Republic of Ireland IFRS 102}" The CIO is a Public Benefrt Entity as defined by FRS 102.
The financial stslements are prepared in sterling, which is the functional CUTren¢y of the CIO. Monetary
amounts in these financAal statements are rounded to the nearest £.
The financial statements have been p￿pared under the historical cosl convention. The principal accounting
policies adopted are sel out below.
1.3 Going concern
At the time of approving the finanaal statements. the Trustees have a ￿8$Onabl& expectation thal the CIO
has èdequalè rèsources lo Continue in operational existence for the foreseeable future. Thus the Trustees
continue to adopt the going concern basis of accounting in preparing the ffinancial stslements.
1A Charltablè funds
Unrestricted funds are available for usg al tha discretion of the Trustee5 in furtheranc8 of their charrtable
obieclives.
R85tricted lunds are subject to specific conditions by donors or grantors as to how they may be used. The
purpose9 and uses of the reslrided funds are sel out In the notes to the financial statements.
1.5 Income
Income is recognlsed when the CIO is legally entitled to it after any performance condf(lons have been meL
the amounts can be measured reliably, and il Is probable that income wi51 be received.
Cash donations are recognlsed on receipt. Other donations are recognised on¢e thè CIO has been notified of
the don*ion. unles5 perfomiance conditions require deferral of the amount. Income lax recoverable in relation
lo donatsons received under Gift Aid or deeds of covenant is recognised at the time of the donation.
1.6 Expenditure
Expenditure is recognised once there is a legal ot ¢onslru¢tiv8 obligation to transfer economic benefit lo a
third party. il is probable that a transfer of economic benefits will be requiied in settlement. and the amount of
the obligatton Can be measured reliably.
Expenditure is classified by activity. The costs of each actimty are made up of the lotsl of dirèd c0515 and
shared costs, including support costs involved in undertaking each activity. Direct costs attributable lo a Single
act1Vlty are allocated directly to that aclwity. Shared costs which contribute lo more than one activity and
support costs which are not attributable to a single actThiity are apportioned between those actIv￿eS on a basis
con5151enl with the use of re50urce5.

THE RIGBY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED}
FOR THE PERIOD ENDED 5 APRIL 2025
Accounung pollcl•s
1.7 Cash and cash èquival•nts
Cash and cash equivalents include cash in hand, deposits held at call with banks. other short-lerm liquid
investments wilh original maturities of three months or less, and bank overdr3ft5. Bank overdrafis ale shown
within borrowings in current liabilitses.
1.8 Flnanclal Instruménts
The charity only has financial assets and liabilities of a kind that qualify as basic financial inslrurnenls. Basic
financial instruments are initialty recognised at the transaction value and $ubsequendy measured at their
settlement value.
1.9 Fund aecountlng
General funds are unreslricled funds which are availablè for use at the discretion of the Trustees in
furtherance of the general objectives of the Charity and which have not been designated lor olheT purposes.
Critical accounting •stimat•s and judgements
In the application of the CIO'S accounting policies, the Trustee5 are required lo make judgements. estimates
and assumptions about the carrying amount of assets and liabilities that are not ieadily apparènt fiotn other
sourcès. The eslimales and asso¢ialed assumptions are based on historical experien￿ and oth81 faclois Ihal
are considered lo be relevant. Actual Tesulls may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are Tecognised in the period in which the estimate 15 revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and fulura
peiiods.
Inctsme from donation¥ and legociès
Unrestrictsd
funds
2025
Donation5 and gifts
1,054,849
12-

THE RIGBY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI
FOR THE PERIOD ENDED 5 APRIL 2025
Expenditure on charitable activities
Charitabl•
a¢tivitie$
2025
Dirèct costs
Research
Consultancy lees
66.0(Xl
44,704
110,704
Grant funding of activtlies (see note 51
868,629
Sharè of support and gov•manc• costs (see nots 61
Support
Govemance
44,912
5.400
1,029,645
Analysis by fund
Unrestricted funds
1,029,645
Grants payable
Charitable
activities
2025
Grants lo inslilulions..
The Schools ProgTamme
Generation UK
The SCC Academy
City of Bimiingham Symphony Orchestra
Birmingham Children5 Hospital
The King's Trust
Think Fotward
Molly Olly's Vwshes
Jericho Foundation
Pla¢e28e
Knowsley Disability
Other- £5.000 and below
286,365
200,000
100,000
80,000
so,000
50,000
20,000
15,000
10.000
10.000
10.000
37.264
868,629
There were no donations and grants paid to individuals.
13-

THE RIGBY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 5 APRIL 2025
Support costs allocated to activities
2025
Legal and professional
Subs¢riplions
Insurance
Recruitment and tr8ining
Website development
Events and branding
Govemance c951s
8.960
1.534
199
13.980
11,837
10.402
5,400
50,312
Analysed betsveen:
Charitable activities
50.312
2025
GovÈman¢e eo$ts ¢ornpri$e:
Audit fees
5.400
5,400
Net movement In funds
202S
The net movement in fvnds is stated after chargingl{¢re(fitingl'.
Fees payable for the audit of the charity's financial 31atemenls
5,400
Audit lees are slated inclusive of VAT.
Trustees
None of the Trustees lor any persons connected with them) received any ￿mUneratIOn or benefits from the
CIO during the period. No Tiustee expenses were incurred.
Employees
The average monthty number of employees during the period was..
2025
Number
Total
There were no employees whose annual remuneration was more than £80.000.
The remuneratson of key management personnel was £nil in the year.
14-

THE RIGBY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 5 APRIL 2025
Employees
staff costs are £nil. Adminislralive, financial and accounting support 15 provided by Rigby Group IRGI plc.
10 Taxation
The ¢h81ty is trxèmpt from taxation on its adivitie5 because all 115 incomè is applied for charitable purposes.
The Foundation 15 not registered foi VAT and accordingty all Ihe of its expenditurè is recorded inclusive ol
VAT incurred.
11 Dèbtors
2025
Amounts falling due within one year.
Prepayments
372
12 Creditors: amounts falllng dua wlthln one year
2026
Trade creditors
Other fxedilors
Accruals
252
25,000
15.943
41.19S
Included within other creditors are amounts for grants made. bul for which Ihts payment did not fall due during
the year.
13 Unrestrlcted fund5
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to speafic conditions by donors and grantors as lo how they may be used.
At 10 April
2024
Ineoming
resouT¢e$
Resources
èxpended
At 5 April
2025
General funds
1,054.849
(1,029,645)
25,204
15-

THE RIGBY FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 5 APRIL 2025
14 Analysis of net assets be￿een funds
Unrestricted
funds
2025
At S Aprll 202S:
Current asselsllliabililies)
25,204
25,204
15 Cash gèn•rdt•d from opèrations
2025
Surplus for the period
25,204
Movements in working capitsl:
Ilncreasel in debtors
Increase in creditors
13721
41.195
Cash y•nerated from operatigns
66.027
16 Analys5s of changes In net fundslldebti
Cash and cash equivalents comproses cash al bank and in hand. The CIO had no debt during the year.
17 Relatsd party transactions
Transactions with related parties
The CIO antar8d into thè following transactions with related parties..
The Rigby Foundation received donations of £1,054,849 from Rigby Gioup IRGI plc of which Sir Peter Rigby,
Mi J P Rigby and Mr S P Rigby are Directors.
The Rigby Foundation made a donation to The SCC Academy Limited of £100.OW of which Sir Pèter Rigby
and Mr J P Rigby are Directors.
16-