Charlty Reg15tration No. 120963 THE SIR PETER RIG8Y CHARITABLE TRUST ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 6 APRIL 2025
THE SIR PETER RIGBY CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trust808 Sir P R>Jby, Chair J P Rigby H W Campion J A Groves (Appointed 16 August 2024) (Appointed 16 August 2024) (Appointed 16 August 2024) (Appointed 25 June 2025) Charlty number 1209638 Executive Director Sonia Chhthal Pilnclpal offl¢e Bridgeway House Brklgeway Stratfor¢>uponVc wan1¢k$hIre CV37 8YX Audltor Ormerod Rutter Limited Charteied A¢¢ounlants The Oakley Kidderminster Road Oroitsvich Worce51ershire WR9 9AY Investment Managers J. P. Morgan SE 60 Victoria Embankwenl London EC4Y OJP Bankers Coutts & Co 440 Strand London WC2R OQS HSBC 130 New Street Birniingham Wesl Midland¥ B2 4JU Sollcitors Mills & Reeve LLP 24 King William Strggt London EC4R 9AT
THE SIR PETER RIGBY CHARITABLE TRUST CONTENTS Page Trusle8s' report Independent auditorf3 report Consolldated statement of financkal acv"e8 10 Con501idated balance sh991 11 Trust balance sheet 12 Consolidated statement of ca5hllJws 13 Note810 the financial stalem•nts 14-23
THE SIR PETER RIGBY CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 5 APRIL 2025 The Trustees present thelr annual report and financial slements forthe year ended 5 April 2025. The accounts have been prepared in accordan¢o with the accounting policles sel out in nole 110 the accounts and comply with the CIO'S governing document, the Charities Act 2011 and °Accounling and Reporting by Charities." Stslement of RQMMended Practice applicable to charities preparing their accounts in a¢¢ordance wtth the Financial Reporting Standard applicablg tn the UK and Republi¢ of Ireland IFRS 1021°. Transfer of Charltable Trust to CIO The Trustees made the decision to change the legal status of The Sir Peter Rbjby Charitable Trust during the year ended 5 April 2025. The Sir Peter Rigby Charitabb Tru3t is now constituted as a Charitable IncOrated OrganisatN)n ICIOI feglsleTed with the Charity Commisspjn on 16August 2024. The actwities and assets ¢f the PTaViOUS charitsblo trust were Iwsfgrred to the CIO a8 a golng concern. the accounts he therefore been prepared on uninlemjpted conlnuation basis. Objectives and a¢tivities Objectlves and alms benefits The objects of The Sir Peter Rigby Charitable Trust are to appty the ineome and all or any part or part8 of the capital for or ttywards such charitable purposes as the Trustees may in their absolute discretion think f Grantmaking Grants are issued al the discretK)n of Ihg Trustee$ and there are no set rule5 or procedures. The Sir Peter Rigby Chtable Trust has historicalty made donations to other charities or organtsations which $eTved charitable purposes. in¢luding thg prowsion of benefits lo third parties. Publlc bengflt Th6 Trustees confirm that they have complied wlh their duty in Section 17 of the Charities Act 2011 and have paid due regard lo guidance issued by the Charity Commission for England and Wales in deciding whatactivibes the CIO shoukl undertak& The TTUStees are of the oplnkjn that the organi$ation$ $UF¥POrted meot the Conditions set out in the guidance. in The organisions provide identifiable benfjfits, which arg Glgar, are rela18d lo the alrn of the ¢yganisations and are balan¢ed against any detriment or harm,. and The organisalions provide to the public or a section of the public, who were appropriata to th$ aims of the organisalion, and who were not unreasonably Yestricied fr¢)rn benefiting. People in poverty are not restricted from benefiting by thè organisalions. Any private benefrts provided by the wganisat¢ons to The Sir Peter Rigby Chartiable Trust le.g. publicity) are incidental. The organi5altons supported by The Sir Peter Rigby Charitabl& Tru$l lond lo wognised or well known in thèir figld of specldi8m. Charitable activltlès The Sir Peter Rlgby CharitableTrust makes donations to various charitable causes, primarily to othercharitabl$ organisalh)ns. P163s9 see the notes lo the financial statements for details of some of the organisations supporte(J during the year.
THE SIR PETER RIGBY CHARITABLE TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 The organisalions predomin*gty SLrpported by The Sir Peter Rigby Charftable Trust during the year had the followng charitable purposes.. the advancement ol edu¢ation. $kills and employrnenl, parttcylarfy for young people from less advantaged background the r¢lief of food poverty A¢hieYements and performance During the y#aT th8 Trust made donations to the followng organisations.. Th• Slr Peter Rlghy Digital Futures Instituto at Aston University The Trustees donated £1.000,000 loAston Universty to fund The Sir Peter Rigby Digrtal FLrtures In5tilule. The institute has been estsblished to accelgrale technological Innovation by bridging the gap bEeen academic research and industry application. The team at the Institute wll lof)k to transform cutting-edge concepts into real-WOTld solutions, advancing technology al pace. The Inslitul8 has three areas of focus: Al and data science, heakh tech and digital soctety, and gamffi¢ation and game lechnologigs. Funding from The Sir Peter Rigby Charitable Trust has also enabled the Institute lo deliver 1rnpaCl and engaging symposia, lectures arnJ a variety ofevents to inspire a¢ademics and businesses to work together. The Sir Peter Rlgby Centre for Ent•rprls• at Llvorpool Unlverslty The Tru51ees committed lo a donation of £1,000. 000 lo Livgrpool Univgrsty to fund The Sir Peter Rigby Centre for EnterpTise. The donation will be paid over three year5 wlh the first inslallm¢nt of £413,000 paid in FY 2025. The Centre has been established lo inspire university stud¢nls to engage and explore various support for thèir entrepreneurial ambitions and to ¢onne¢t student talent with Livèrpool'8 regional business community. Funds from The Sir Peter Rigby Charitable Trust will enable the Centre to provide regular events and workshops. business mentoring, the development of studfynt learning mateTia15. paid intemships, student bursaries and an outreach program lo local secondary schools to inspir¢ pupils to consider studying business at Liverpool University. Flnanclal rnvlew Resgrves policy The circumslanGes of The Sir Poler Rigby Charitable Trust are that the investments held, along with d¢nalions reIved, provide sufficient annual income to meet the objoCtNes of the Trust. As such the Sir Peter Rigby ChaTitable does not have any specific reserves polics. The Statement of Financial Activities for the p8riod is sgt out on page 10 of Ihe financial slatemenls. Income for the year was £4.846.562 12024.. £378.4541 The Sir Peter Rigby Charilabla Trust's main SOUfCé of income is, and is expected to rgmain, donations from SIT Peter Rigby and cornpanies owned by the Rigby Famity. The CIO made donations and grants tolaling £2.302,00812024.. £464,693) to further its charitable objectThl8s, of which the largest donations were £l.000.000 to each Aston Univèrsty 8nfJ Liverpool UniveT5ity supporting the educational objecNves. Overheads which compris&d of sUPPOrt and governance $1S totaled £21,650 {2024'. £45.D36} and costs of raising funds {Iluding the costs of The SCC Academy Limited) were incurred of£334.934 (2024.. £274.0831. The Sir Peter Rigby Charitable Trust and its subsidiary held cash balan5 of £4.076.868 {2024'. £1,425,221) and unrestri¢ted, free reserves of£9.710,784 {2024-. £7.376.1201 at Ime year end. Investment policy The CIO holds a material investment portfolio which is managed by J.P. MoTgan. The Trustees have not yet agreed a fomial inve51menl$ policy. however thi8 Is currenuy being worked on and is èxpected to be approved and ratified in the year ènded 5 April 2026.
THE SIR PETER RIGBY CHARITABLE TRUST TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED S APRIL 2025 Piincipal funding sources The principal funding sources are Slr Peter Rigby, chair, arvl companies owned by the Rigby F7fflity. The Trustees have assessed thè major risks lo whith thg CIO is exposed and are satisfied that systems are In p18ce to rniltgate exposure lo the major risks. Plans for futurg pgriods Sonia ChhaNYal is the Executive Director of the Sir Pelgr Rigby Charitab Trust and Is ro5pon3ible for supporting the Board as they consider how to all¢cate fvrthei funds in the future. As part of these strategic planning discussions, the Trustees have agreed to fund The Sir Peter Rigby Coronation Food Hub In Birmingh8m, facilitated by the charity FaTeshare Midlands. The Trust will donate £2.000.000 over 3 years with the first donation made in the year ending 5 April 2026. The Hub will open in September 2025 and will provide mllions more meals lo people In need across Birningham. In additlon, the Hub will provida a wide range of opportunitios for unemployed people to le8m new skills such a$ catering. food hygie, warehouye managent and forklft truck driving. Structure. governancè and management The Trustees mle the deCiSn to chaNJe the legal Btabjs of The Sir Pal8r Rtgby Charitable Twst during the y8ar 9nded 5 April 2025. The Sir Peter RhJby Charitable Trust is now constthled as a Charitable Incorporated Organisatn ICIO} reg¢tered with Ihg Charity Commission on 16 August 2024. The octmties and assets of the prevbus charitable trust Were Iransfgrrwj to the CIO as a going ¢oncem. and thg accounts he therefore teen prepared en unintemjpted ccrtnuation basis. Sir Peter R¢gby Charitabte Trust is govemed ty its Foundation Model Constitution dated 16 August 2024. The Trustees ¢I93[Y responsiblg forthe govemance and marAgemenl of1he CIO. The Trwlees are re6ponsible for setting strate£•e8 ard pc4icies and ensuring Ihese are imptemented. TheTruslees of the CIO on fomation. who served during the yearand up to the date of signature ofthe financial $&*ements, Yre.. Sir P Rigby {Chairl J P Rigby H Wcampion IAFrfJoinled 18 August 2024} (Appointed 16 August 2024} (Appointed 16 August 20241 J A Groves was further 4)pnted as Trustee on 26 June 2025. Recruitment and appolntment of new Tru$tees Ngw Trustees can be appointed by the existing Trustees durtng Iheirjoinl lrfetime, and by the survNor of the settlors during the remainder of hi8 or heT lifetime. There must be al le&stthree charty Trustees. If the number falls below this minimum, the remaining Tru$tee or Trustees may act only to call a meeting of the charity Trustees. Dr appoint a new charity Trustee. Ther& 15 no MmuM number of Charity Trustee8 that may b9 appointed lo the CIO. Oryinisational structure The Trusteas and the Executive Director oversee all financlal transactions that o¢¢ur during the year.
THE SIR PETER RIGBY CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Inductlon and training of new Truste8$ Duo to the $lmple nature of the CIO, no formal Induction or training of the Trust99$ 1$ da8m¢d necessary. However in such Stanc•S as requlred the Trustees receive professionBI admce as they deem lo be required. Rlsk management The Trustees have a duty to identfy and revlewthe rfsks lowhich the CIO is exposed and lo ¢nsure appropriate controls are in place to provide reasonable assurance agalnsl fraud and error. Tho primary income source of The Sir Peter Rigby ChaTitablo TFUSt are donations r•c¢N¢d either direct from Sir Peter Rigby or from companies owned by the Rigby Farnily. The Sir Peter Rigby Charitable Trust is currently bLtilding up reserves so that il will be able lo generate suffi¢i¢nl Inveslm¢nl income lo fund charitable activ6ties should. forwhalever reason, Sir Peter Rigby cease to continue lo provido such donation5 in the future. Tho Sir Peter Rigby Charitable Tntst invests cash in recognised banking institutions to mitigate ffiTranc rfsk. Statement of Trustees. responslblllbes The Trustees are responsible for preparing Trusts. Report and the financial statements in a¢cordan¢e th applicable law and United Kingdom Accounting Stsndard3 (United Kingdom Generally Accépted Acctsunling Practieel. The18w applicab lo tharities in England and Wales requires the Trustees to prèpare financial slalemgnts for each financial yearwhich give a true and fair vtgw of the stale of affairs of the CIO and of the incoming resources and application of resources of the CIO for that year. In preparing these finan¢ial statements. the Trustegs are required to.. - select suitabk a¢counlin9 pollcles and then apply them consistently- - obwve the method8 and principles in the Charili8s SORP., - makejudgemenls and èstimates Ihatare reasonable and prudent. stat9 whether applicable accounting st8ndardg have been followed, subject to any malerfal departures disclosed and explained in the financlal 8tatements.' and - prepare the financial statements on the going concem basis unless inappropriate to presume that the CIO 11 continue in operation. The Trustees are responsbi le for keeping sufficient accounting records that discbse with reasonable auraCY at any limg the financial PO$Tbon of the CIO and enablethem lo ensure that the financial statements cornpty with the CharilEs Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the tfust deed. They are al#0 responsible for safeguarding the assets ofthe CIO and hence for taking reasonable stsps for thé prevention and detection of fraud and other irregulartties. The Trustees, report wa8 approved by the Board of Trustees on...... behatf by.. and slgned on their SirP Chalr of Trustees
THE SIR PETER RIGBY CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE SIR PEfER RIGBY CHARITABLE TRUST Opinlon We have audited the financial statements of The SY Peter Rigby Charitable Trust (farner Rigby Found Ohe 'CIO'} and its subsidiary {Ihg 'group'l for the year ended 5 April 2025 which comprtse the Cunsolid statem8nt ol Financial Actiwties, the Consolidated Balance She&t, the Trust Balance Sheet. the Consolidated Stslemenl of Cash Flows and the related notes. including a summary of significant accounting policies. The finan¢i¥l reporting framework that has been applEd in their preparation is applicable law and United Kingdom Aecounling Standards, induding Financial Reporting Standard 102 'Th8 Flnènclal Rèporftng Standard applicablg In thg UKand RepUbr of Imland. (United Ktngdom Generalty Acceptgd Accounting PraCte). In our opinion, Ihe financial stal&m$nls.' give a tru¢ and fair view of the stale of thè group and the CIO'S affairs as al S April 2025 and of fts in¢oming resources and appIatIon of resources. including its income and expenditure forthe yearlhèn ended.. have béon properly propared in acrdanCe wrfh United lfjngdom Generally Accepted Accounting Practice." and have been prep8red in accordance with the requirements ofthe Charities Act 2011. Basis for opinion We conduded our audlt In accordance th Intem81tonal Standards on Audng (UK) IISAS (UKII 3j appficabl6 law. Our rèsponsibilities undeilhose 51andards are further described in theAudiiorfs responslbilthes forlhe audi( of thefinancial slalements seth.on of our report. We are independent ofthe group and the Clo in accordancewlh the ethical requirements that are relevant to our audit of the finanaal statements in the UK, including the FRC'S Ethical Standard, and we havg fu116 ourother ethical responsibilrties w) accordan wrth these re¢wirements. Vve believe that the audfÉ evenCe we have obtained is sufficignt an¢J appTOPriate lo promde a basis for OUT opinion. Con¢lu$ions Telatlng to golng eoncem In audng the financial statements. we have concluded that the Trustee5' use of the go¥ig concem ba5i% of counting in thè preparation of the financial Blatements is appropriat8. Based on the work we have perfomifjd. w¢ h8vo not idenlified any material UnrtaInlieS relating lo events or conditKJns that, Individually or collective, rnay cast signfficanl doubl on the CIO'S a)ilty lo conth.nue as a going concern for a period of at least ts¥efve months from when the financial statements are authuised for issue. Otff respon5bililEs and the re¥ponsbi ilthes of the Trustees with to g)ing concern are descnbed in the relevant seCtIS of this report Other Infomiailon The other information comprises the inf0m1atn Induded in the aTrnual repcrtother than the finana818latements and our auditorfs repOrttheQn. The Tru51ees are responsbi le for the other Informaln contained wthin the annual reporL Our opinion on thefinancwl statements does cover the other infomwtKsn and we do not expres5 any fomi of a$surare condusion thereDn. Our responsibilty lo read the othér inf¢mation and, in doing so, con5ideTwhetharlhe other nfomiation is materialty in¢onsislenlwith the finan 51atemenls or our knedge obtaned in the ¢wrse of the audit, or otherwse appears to be materially misstal8d. Ifwo idgntify such material inconsistencies or4p8rent material misstalernenls, we are required lo deterffyne whetherthis gives risg to 0 materid mi5Stalemenl in the financBI statements themselves. Ir. based on the work wa have perf0Md, we condude that there is a m*erTat rni55tatement of this cthèr informati, wo are rg4uired lo reportthat fxL We have nothiryJ to report in this regard.
THE SIR PETER RIGBY CHARITABLE TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF RIGBY FOUNDATION MatteTr on whleh we are required to report by exc•ption We have nothing to rgport in re8pect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requlre u510 report lo y¢w ff, in our opinB)n'. the informalicffl gNen in Ih8financial statements is inconsistent in any material respect wlh theTruste8S' report.. or sufficient accountlng records have not been kept.. or the parent chèritable company's ffnanGial stalern$nts are not in agreement wlh the accounling TordS.. or we have not receivad all the Infcqmati¢m and expl8n8tlon8 we require farour o(Kirf. Responslbilltlas of Trustees As explained mre fvlly in the statement of Truslee5' responsibilities, th& Twstees are responsible for the preparation of the financial statements and for bng Satisfi that thgy give a true and fair view, and for such internal ntrol as the Trustees delemiine is necessary to enable the preparatKsn of financial statements that are frègfrom material misslalemenl, whether due to fraud orerror. In preparing the financial statements, th$ Trustees are responsible f¢r assessing th$ CIO'S abilty to continue as a going concern. disclosing, as applicable, matters related to going concem and using the gong nCern basis of accounting unle55 the Trustees either intend to liquidate the charitable ccrnpany or lo ce&8e operations. or have no realistic afternative but lo do s Audltofs responslbllitie5 forthe audit of the financial statements We have been oppoinled as auditor under section 144 of the Charities Act 2011 and in accordance with the Ad 8nd revant regulicms made cff hawng ¢ffe¢t thereunder. Our objeclw4 are lo Obta reasonable assurance about whèther the financial statements as a whole are fre& frcffl materkql misslalement, vwhetherduelo fraud or èrror, and lo issue an audilorfs reportthal includ85 our opinion. Reasonable assurance 18 a high level of assurance but is not a guarantee that an audit conduded in a¢¢ordance th ISAS IUIQ will atrlays detect a material misstatement when it exists. Misstatements can ari from fraud or errorand are considered material if, indN[dual or in the aggregate. they could reasonab beexp8Cted to influence the economic decislon5 of users taken on the basis of these fin8nrial statements. Irregularities, including fraud. are ins&n¢es of nonrfompliance with laws and regulatior. We design procedures in line with our responsibile$, ouilined above, lo detect matérial misstatements in respect of irregularities, including fraud. Th¢ extent to which our procedures are capable of d¢te¢ting Irregularities, including fraud, is detsiled below. Based on our understanding of the CIO, we Klenlrfied the principal risk8 of non<ompliance with laws and regulations including thos$ that have a direct impact on the preparation of the financial staternents and the extent lo which non-compliance might have a material 8ffecl on tho financial statements. Audit procedures performed included discussions wkh management. vIeW of board meeting minutes, tgsling ot journals, designing and performing audit procedures and challenging assumption8 and judgements made by management in relation lo accourrting estimates. There are inherent limltations in the audit procedures described 8bDve. We are le55 lety to become 8ware of instances of non-complianca wth laws and regulations that are not closety related to events and transactions reflected in Ihefinancial slalements. A150, the risk of not detecting a merial mi5Stalementdueto fraud Is higher than thg risk of not dets¢ting one resulting from grror, as fraud may involve delibere concealrnent by. for exampl< forgery or intentional misrepresentations. or through collusion. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at., h ..Ilwww.frc.or -uklaudilo ré audkotrs report. 'knes. This description fonms part of our
THE SIR PETER RIGBY CHARITABLE TRUST INDEPENDENT AUDrroR'S REPORT ICONTINUED) TO THE MEMBERS OF RIG8Y FOUNDATION ilse of our report This rerxit is maje sololy to the charity's Trustees. as a ty>Jy, in a¢¢ordance with part 4 of the Charities (Accounts and Reports) R$9ulations 2008. Ourauditworf( has been undertaken solhwemKJht$tslelclh$ ¢harity3 Trust•¥s those matteTS we are required to slate lo them in an auditors. rgport and for no other purpos& To the fUlst extent pemitted by law, we do not accept or assumè resp¢)n5ibilty to anyone oth¢r than the charty and the charty's Trustses as a body. for¢)ur audi(work, forthis Feprt orforthe opinijns we havefoThed. Colm M¢Grory FCA IS&nior Statutory Auditor) for and on behalf of Ornierod Rutter Llmlted l&/ii /iC Chartered Accountants ststutory Audttor Omerod Ruiter knmited Chartered Accountants The Oakley lfjddemiinsler R¢d Drothch Worcestershire WR9 9AY Ormerod Rutter LimW18 dTgft)b for 4yoinlrnonl as aUdOr of the CIO by vlrtue of its efvJibilty for8Fpomtmenl as auditorof a company under 1212 of the Coryanies Act 2006.
THE SIR PETER RIGBY CHARITABLE TRUST CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDrruRE ACCOUNT) FOR THE YEAR ENDED 5 APRIL 2025 Notes Unrestrlctgd fund5 2025 Unrestrlcted fund5 2024 Total 2025 Total 2024 Inco Donations and grants Investments other incorne 4.546.100 105,101 195.361 4,546,100 105,101 195,361 110,000 198,454 70,000 110,000 19e.454 70.000 Total Income 4.846,562 4.846,%2 378.454 378.454 endituro on: Raising funds Chaiitable activities 334,934 2,323,658 334,934 2.323,658 274,083 545,308 274,083 545,308 Total expendltu 2,658.592 2,658,592 819,391 819,391 Not lexpenditurell In¢ome before net galn$ on investm8nts 2,187,970 2,187.970 {440,937} (440.93n Net gains on investments 12 146,674 148,674 383.553 363,553 Net lexpendituro)I Incomel Net movement In fund5 2.334.644 2,334,644 77,3841 177,3841 R¢con¢illatlon of funds: Totsl fund$ brought forward 7.376,120 7.376.120 7.453,504 7,453.504 Total funds carrled forward 9,710,764 9,710.764 7,376,120 7,876.120 The Consolidated Statement of Financial Activ(fies includgs all gawi$ and10sses rwnised In the year. All incomo and expandituTe derNe from continuing activities. 10
THE SIR PETER RIGBY CHARITABLE TRUST CONSOLIDATED BALANCE SHEET AS A T5 APRIL 2025 2025 2024 Notes Current assets Investments Debtors Ga8h al bank and in hand 12 13 6,174,170 91,849 4078,868 10,342.886 5,986,140 7.793 1425.221 7,419,154 Credltors: amounts falllng duè wlthln one year 14 63 122 Net eurrenl assets 9 710.764 7.37S 120 Charity funds Unr¢stri¢ted funds 9.710.764 7376 120 Total funds 9,710,7f4 7.376.120 The finar1 statements were approv&J by the Trustees on .17Falbltt £uL behalf by: and signed on thelr SirP air of Trustees 11
THE SIR PETER RIGBY CHARITABLE TRUST TRUST BALANCE SHEET AS AT5APRIL 2025 2025 2024 Notes Current assets Investments D8bt¢)rs Cash al bank and in hand 12 13 6,174,170 75,311 4 045,657 10,295.138 5,986,140 2,045 1,404,012 7,392,197 Cr•dltOf5: amounts falllng due within one year 14 592.700 16.086 Net current assets 9 702.438 7376111 Charlty funds Unreslri¢ted funds 9.702.438 7.376111 Total funds 9 702.438 7.376 111 The financial s&ements were approved by the Trustges on by.. and signed on their behaK SlrPRi Chair of Tru$le¢s 12
THE SIR PETER RIGBY CHARITABLE TRUST CONSOLIDATED STATEMENT OF CASHFLOWS FOR THE YEAR ENDED 5 APRIL 2025 Notes 2025 2024 Cash flows from operating actlvltles Cash generated from l (used In} oper*lons 18 2,587,902 1,340,603 Cash flows from invasting actlvlttes Puichase of investments Proceeds from $alo of investments Movement in cash held for Investmt$ Investment income rewe<l 12 12 (1,784,818) 1.789.106 17,439,639) 2.362,645 12 {45.644) {61.0591 105 101 Net cash usad In investlng activitles 63,745 14.919.599) Change In cash and cash equlvalents 2.651,647 13,578,996) Cash and cash equivalonls 8t beginnlrvj of the year 1,425221 S,CJ)4,217 Cash and cash equivalgnts at end ol theyear 4,076 868 1425.221 The notes on pages 14 to 22 fom part of these ffin•nrAal statemlts. 13
THE SIR PETER RIGBY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025 Accountlng policies Chaiity Inforniatlon The Sir Pèl&r Rigby Charitable Trust {forrnedy RJby Foundation} is a charitab Incorporat Organisallon registered with the Charities Commission {No. 1208) in England and Wales. The prncip81 aildress i% Bridgeway House, BrJgeway. SlrfoI&w)oAvOn, Vvarwckshire, CV37 6Y 1.1 Accountlng convéntion The accounts havg been prepared In accordance vAth the CIO'S Found8tkn de1 Constrtution dated 16 August 2024, the ChaTities A¢1 2011 and 'Accounling and Reporting by Chartie8: Statement of R8commend&J Practice 8pplicab to charities preparing their accounts in accardan¢e with the Financial ReportiNJ Standard applicable in the UK and Republic of Ireland IFRS 102}. leffeclive frcth 1 January 20191. The CIO is a Publ¢ Benefft Enlty as dned by FRS 102. The financial statements consolidate the results ofthe charty and ts subsKliary, The SCCAcademy Limited. on a line by line basis. Transactlons and balances bettveenthe charityand ts Subsidiary have beenelminaled frorn the ccnsolidaled financial statèm6nts. The financial slatgmenls are prepar1 in sterling, which is Ihefunctional currency ofthe charrty. Monetsry amounts in these finan¢ial stemenls a rounded to the neast £. The financial $latemen15 have been prepared under the historical cost convenlTon. The principal accounting pc41cles adopted are Set out below. 1.2 Going eone•m Atthets"rne of approvingthe financial statements, the trustees h8va a reasonable expectation thatlhe charity has adequate rosourcgs to conlinug in oparational lStenCe for the foreseèablè futuré. Tha trustses have c¢nsideTed the cash reserves and have concluded that these are more than adequate to cover pledged donations and comrnitments, and the level of ongoing adrninlslralion costs. Thus, the truste9s continue to adopt the going concern basis of accounting in preparing the financial statements. The Trustees of The Sir Peter Flgby Charitable Trust made the dacision in June 2025 to close th& SCC Aczdemy. The subsidiary company, The SCC AcgJemy Limited. 18 due to bgwound down and thgrdorethe sub8idlary cornpany is no longar a going concern. 1.3 Charitabl• fund$ Unr•slri¢ted funds are available for use at the discretion of thg trustees in furtherance of thr charitabl8 objectNe8. Restricted funds are subject to SpeCrf conditions by donors as to how they may be used. The purposes and usas of the restcted funds are Set OLrt in the notes to the financial stalemenl8. 1.4 InGomlng Te$our¢es All incoming resources are included onthe Statement of Flnan¢ialActhvthes whenth• charty is legalty errtiued io the income and the amount can be quantffted %th rea8(able ¢raCy. Gfft Aid is includeil based on anounts rKoveraN8 atthe balance sheet data 14
THE SIR PETER RIGBY CHARITABLE TRUST NOTES TO THE FINANcL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Accountlng pollclg$ (contlnugd) 1.0 Resources expended Expenditure is accounted foron an accfuats basis and h¥s baan classrfied under headings that aggregate 811 cost related to the category. Wher• costs cannot directty attributed lo particular heading5 they have been allocat to actNities on a basis consistent wllh the use of resources. Grants offered, subject to ¢ondilions. which have been met at the ygar end date are noted as a commitment but not accrued as axpenditurg. 1.6 Cash and cash equlvalents Cash and cash equivaltrnts include cash in hand, dèpo$ts hgld at ¢all with banks, other short-lerm liqul Investments with original maturities of three months less, and bank overdrafts. Bank overdrafts ar6 shown within borrowings in current liabilities. 1.7 Investments Investments are slated at market value al the balance sheet date. The statement of financial activities Includes the nel investment gains and losses ari$ing during the year. 1.8 Flnanclal Instruments The charity only has financial assets and financial liabilitie5 of a kind that qualfy as basic financial inslrumgnts. Basicfinancial instrurnenls are inilkglly recognised al the lian$8th"tsn volue and subsequently measurgd at tholr settlement vthe. 1.9 Investment Incomo Investment incom8 1$ ?oted for on an ac¢ru¥l$ ba$is. 1.10 Leases Rentais payable under opeyating Ses, including any ase inntiVeS received, are Charged as an eXPgn8e on a slraighl line basis over the le of the relevant lease. 1.11 Fund accountlng General funds are unrestricted lund$ which are available f¢r use at the discretion of the Trustees in fvrtherance of the general objectThies of the Charity and which have not been desunated for ¢ther purposes. Crftlcal accounting estlrnatès and judgements In the application of the charty's aceounling poli¢Rs, the Ttee$ are required to make judgements, gstimales and assumption5 about the carrying amount of a$s8ts and liabilities that are not readity apparent from other source5. The estimates and as3ocialed a55UrnPtions ar& based on histori¢al experienc& and other factors that are considered to be relevant. A¢tu81 results may drffer from these estim*s. The astimates and undertying assumptions are reviewed on an ongoing ba518. Revisions to accounting 65timates are recognised in the period in which the estimate is revised where the remsion affects only that period, or In the period of the revision and future perfods where the rslon 8ffecls both Current and future periods. 15
THE SIR PETER RIGBY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMETrifs {CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 3 Donalions and grants Unro8tri¢tod nds 2025 VnTestrfcted funds 2024 Donthons and grfts 4546.100 110.000 4 Invostments unrtrICI•d fund5 2026 Unrestrlctèd funds 2024 Bank interest Income from Investments 24.354 80,747 105,101 56,827 141,627 198.454 5 Other income Unrestricted funds 2025 Unrestricied funds 2024 Sponsorshlp Income Olhar income 70,000 125.361 195,361 70,OQ) 70,OCKJ 6 Ral$lng funds UnTestrl¢ted funds 202S Unrestricted funds 2024 Wages, salaries and NIC So¢tal $e¢urity Ternporary staff Staff training Staff pension contllbulions Other staff costs Staff welfaro Rent and rates Computer expenses Travelling expenses F99$ and subscriptnS Legal and professional fges Accountancy Bank Charges Printing and statiMery Catering Investment managers fee8 Corpcralion tsx (SCC Acadgmy) 130,199 13.403 31,419 420 3,202 624 781 84,941 3,481 2,290 762 5,945 151,172 14.857 3,474 1,032 65.903 1.071 1.144 512 178 629 74 12,602 40,891 1.927 334,934 31.750 1go 274.083 16
THE SIR PETER RIGBY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Charltable actlvltles 2025 2024 Project funding GTar)t funding of a¢tNilies (see note 81 Share of support costs Is8e note 9) Shore of gcvgrnance ¢031s (see note 9) 35.579 464.693 41.247 2.302.008 15,797 2.323 658 17
THE SIR PETER RIGBY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 Grants payable 2025 2024 GT8nts to in$lilutions'. Mo]ly Olly's Wishas The Royal Shakespeare Company Autism West hlIidlands Banner Gate Community Minibu$ Mellers Primary School National Theatre Royal Academy of DramatSc Art Royal Conservatoire Straffoftl Upon Avon Christmas Lights The Shakespeare Hospice Placo 2 Be Friends CBSO Fty Harrier Trust Birmingham Children's Hospital South Warnickshire Foundation Trust Holy Trinity Stratford Lil&rary Festival stratford Choral Society The Repertory Theatre Warwick Food Bank JLtst G¥ving 435 25,000 13.000 21,607 10.000 10,000 10,000 12,000 2,000 1.196 30,000 80,000 50,000 50,000 48,100 500 500 500 500 1,000 1,095 s,000 5,000 6,000 2S.000 5.000 1.260 60.000 13.000 20.000 170.OtH] 87,0 RAF IFB Research Foundation The Prince's Trust qF 601 Squadron Smiling Families Chance to Shine Liverpool Universty Aston University Pragnell- Shakespeare blrthday D¢)natK)ns < £10k 1.000,000 1,000.000 10.000 22.008 2 302 008 18
THE SIR PETER RIGBY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 9 Support Gosts Support Governance ¢¢sts costs Total 2025 Support Governance ¢osts costs Total 2024 Marketing Bank charge$ Legal and wofessional Subscriptions Audi( fee5 Non-audrt fee$ 576 112 14,909 200 576 112 14,909 200 5,853 5.853 3,420 154 36,080 1,593 3.420 154 36,080 1,593 3.209 3,209 580 580 3 789 45,036 5 853 21650 41.247 Anatysed bthen.. Charitable aclivilies 15.797 5.853 21.650 41.247 3.789 45.036 Governance costs includes payments to the auditors of £4,75012024.' £2,835) exduding VATforaudlfees. 10 Trustees remunoration and gxpen$¢s None of the Trustees lor any persons connected with them) received any remuneration or otherefits from the charty duriryJ the year. No trlee expenses were incuired during the year. 11 Staff costs Numbw of employgOS The average rnonthly number of employees during the year forthe group was as follow$- Group 2025 Number Group 2024 Number Management Employment ¢08ts Group 2025 Group 2024 Charlty 2025 ChaTIty 2024 Wages and salarfes Social securty costs PenSn contributions 130,199 13,403 3,202 151,172 14.857 3.474 169 503 There ware 012024.. 01 employees in the Sir Peter Rigby Charitable Trust during the year. Administrati, financia] and accounting support is provided by Rpby Group IRGI pl There were no empbyees e1Ved r9munerali¢)n amounting to £60,IlTrJ or moTe1gxcbJding employgfs Nl and pension contributions). The key managem&nt personnel of the group, emptoyed solely by SCC Academy, aro rgprgsgntsd by the roles within management and finance. The total employee benefits (including employers Nl and pension conlribulions) received by key management personnel way £60,15012024'. £58.8891. 19
THE SIR PETER RIGBY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 12 In$1m0nts Group & Charlty 2025 U$tsd Investments Valuation As at 6 April 2024 Additions Disposals Movement in cash Valuallon changes 5,986,140 1,784,818 (1,789.1061 45.644 146,874 As at 6 Aprll 2025 6174 170 Included within investments is a balance of cash held for rdnveslment of £106.70212024'. £61,058}. Investments are held in a mLXture of equrfcies, fNed income. cash and other inve51m?nts and are managed by J.P. Morgan. As at 5 April 2025 th& split of the Investments balance were- Group & Charty 2025 Fed income and cash Equities Total 4.188.867 1985.303 174170 13 Debtors Group 2025 Group 2024 Charlty 2025 Charhy 2L)24 Amounts falllng dug within ona year. other debtors VAT debtor Prepayments and accnjed Income 5,174 86,672 6.689 -20-
THE SIR PETER RIGBY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 14 Crèditors: amounts fallin9 duewilhln ong year Group 2025 Group 2024 Charity 2025 Charity 2024 Other credf(or5 Accruals 4,087 628 Q35 632 122 38,110 4,924 43.034 12,837 3,249 16.086 592,700 16 Related party transactions Duriro the year The Sir PeterRigby charab12TrusI made a donation to HarrEr Trus( a ¢harty in whlch Sir Peler Rigby is a truslee of £170.000 {2024'. £50,000)- The Sir Peter RbJby Charitable Trust 91ved donats.ons of £3.000,00012024: £110,000) from Rigby Group (RGI plc, of whh Sir Peter Riqby, Mr J P Rlgby, Mr H Wcamplon and Mr S P Rrgby ar? diredors. As al the year end, The Sir Peter Rigby Charitable Trust owed £nil12024'. £12.83n to Rigby Group IRGI pk. During the year. The Sir Patsr Rigty Charitable Trust made dorialions of £107,000 (2024.. £180,000) to SCC Academy. a subsidiary. The Slr Peter Rigby CharitableTwsl also recewed a gff( aid dCall0 of £1,506 from The SCC Academy which had been accrued al th8 prr year end. The Sir Peter Rigby Charitable Trust received donations of £1.238.88012024: £NiD Irom &r Peter Rigby (includlng glft aldl. During the financial year. The SCC Academy Llmtsd TeN8d sponsorsh40 income f¥om SCC pk, in which &r Peler Rigby and Mr J P Rigby are Directors. of£70,OtsJ {2024: £70,000). During fhe financial year The SCC Aeademy Limited paid £65,000 to SCC pl¢ in respect of a licence lo occupy agreement12024: £65,000) aTrd a fvrther£8e was paid lo SCC plc in retion to a Ccryuter hardware cost rechar9e. ring the financial year, Th¢ SCC Ac&Jemy Limilad rec8Ned incornefrom The Rigby Foundation, in which Sir Peter Rigby. Mr J P Rigby Mr S P Rigby are Trustg09, of£100.00012024: £ni51. During the financAal year. The SCC Academy Limited paid £937 to Rigby Group IRG} plc, In which Sir Peter Rigby, Mr J P RwJty and S P Rigby are Directors. Sn respect ofa Iff¢ insurance cost recharge. 16 Opèrnting lease commitments Gmup 2026 Group 2024 Charlty 2025 Charity 2024 Not later1 1 year -21
THE SIR PETER RIGBY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED FOR THE YEAR ENDED 5 APRIL 2025 17 Subsidiaries The shares of The SCC Academy Limited were acquired on 19 May 2021 by individu8L8 in their capa¢ty as truslegs of The Sir Peter Rigby Charitable Tnjst. The companyls considered to be a whdly ¢)wned subsidiary of The Sir Peter Rigby Charitable Trust and ils rg$ulls have begn in¢lu¢Jed within charitys consolidated financial statements. Delails of the eharity's subsidiary at 5 April 2025 are as foll5.. Name of undertaklng Registered offico NatuOf businw3s Class of shares held Ordinary % Held Dlr¢¢t Indirect The SCC Bridgaway House Academy Limited Brtdgeway Slratrord¥uponAvon Warwickshire CV37 8YX Information te¢hnology INilies 100 Thg aggregate capftal and reserves and the res for the year ofthe Subsidiar are as follows.. Name of undertaking Profh for year Caphal and Reserves The SCC Academy Limrted 8,318 8,326 18 Cash genoratgd from operatlon5 2026 2024 IDefKitysuTplus for the year 1334,644 <77.384) Adjustments for.. Investment income (note 4) Gains on investments (not8 121 (105.1011 {198,454) (146,6741 1363.553) Mov•ments in working capitsl.. Ilncreasellde¢rea8e in debtors Increasel{decrgase} In creditors (84,056) 2,003,981 589.089 123,987) Cash generated from l {used In} operatlons 2.587,gJ2 1,340,603 19 Analysis of chang09 in netfundslldobtl Cash and cash equNalents comprtses cash at bk in hand. Th¢ CIO had no debt during the year. -22-
THE SIR PETER RIGBY CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2025 20 Post balance shegt wents The Tru5tee8 ofThe Sir Peter Mgby Charitable Trust made the decision in June 2025 10 ¢10sg the SCC AGademy. The subsidiary company. The SCC Academy Limf(ed. 1$ due lo be wound down and therefor& is no longer a going concem. -23-