The Wooster Family Foundation Report and Flnandal Statements Year ended ljl Juty 2025 Charlty Number 1209858 Contents Reference and Administrative details Report of the trustees for the year ending Jufy 1" 2025 p 3 Structure. Governance and Management Objectives and Actiwties for the public benefit Grant making policv Achievements and Performance Flnancial Review Notes Declaration p4-6 p9-10 plo
Reference and Admlnlstrati¥e Informatkni Trustees Robert Scott Wooster Chairman lappointed 4th June 2024] Mar8aret Wooster Keyte lappointed 4 June 20241 Joyce Mary Wooster [appointed 4th June 2024] Clive Hobbs {appointed 17th June 2024J Pauline Ann Watts lappointed 27th September 2024J Lorraine Edmunds lappointed 7th December 2024] Lrsa Wooster [appointed 11 January 2025] Prlnople Offlce 63 Westmead Princes Risborough Bucks HP27 9HS Charity Number 1209858 The Co-operative Bank plc P.0. Box 101. l Balloon Street Manchester M604EP Web site vrfww.thewoosterfamilyfoundation.com The Wooster FamityFoundats>n 3rfSèptember2024-Jufy Iq
Report of the trustees for the perlod 3° September 2024 to 1° Juty 2025 The trustees present their annual report and financial statements of the charty for the period September 3r1 2024 tojuly 1 2025. Strurture, Governance and Management The Wooster Family Foundation was incorporated as a Charitsble Foundation on 3 September 2024, Th number 1209858. The charity is governed by its consts"tution. dated 28 August 2024. This is the trustees. fi'rst report since the charity s incorporation. Iring the reportFng period, the charity was governed by its five founding trustees, and t¥vo additsonal trustees. The trustees meet four times a year in February. May. Au8USt and November land at other times communicate through electronic meansl where they agree the broad strategy and areas of ath.vity of the charity, the policies. investments and consider grant applTrcations. The initial handling of the applicatF"ons is delegated to the administrator. Mawe Wooster Keyte, who selects th05e which adhere to the crrteria found in the Grant Mèking policy of the Foundation. All trustee5 give their time freely and no trustee renumeration v5 paid in the reporting period. The charity was established with an initial grft from Margaret Wooster Keyte Imaggiel in memory of her husband Arthur Chades Wooster IBen] and her 50nJohn Duncan Wooster. She intendsto add funds tothe Foundation foi the foreseeable future by morrthly instslmertsfor distribution tosmall charitsble organisètions and other larBer sum5, which will be invested to provide funds for distribukn'on once she s unable to continue with the regular standin8 orders. The charfty does not actively fiJndRise and seeks to o)ntinue the charitsble work of providing grants to small organisations in line with the aims of the donor through the careful stewardship of its existing resource5. New trustees are appointed by the existing trustees by a resolution passed at a meetin8 of the charlty trustees. In selecting individuals for appointment, the charity trustees must have regard to the skills, knowledge and expertise required for the effectFve administration of the CIO. On appointment new trustees sign a model trustee declaration cornmitting thern to giving of their time and expertise. The charity trustees will make available to each new tntstee, on or before his appointmen( copie5 of the constitution and the latest Annual Report and Statement of Accounts. New trustees will Serve for term of three years, after vthich they rnay put themsel¥ forward for reappointmenL The charity's constitution provides for a minimum of three trustee5. The foundin8 charity trustees were appointed for the following terms.. Mrs Margaret Wooster Keyte 4year5 IAdministrntorl Mrs Joyce Wooster 3 years tTreasurer] Mr Robert W¢xster 3 years [Chaimian] Mr Clive Hobbs 2 year5 Mr5 Pauline Ann Watts l year. Th¢Woosier F•m11 y Founda 3rfseptember 2024-Juty 1.2025
Obiecbves and athltles for the publlc benefft Our constitution lay5 Out the objerts of the CIO: they are for the public benefit. primarily but not exclusively in Buckinghamshire and the Surrounding counkn-es: to further such tharitable purposes Icharitsble under the law of England or Wales] as the trustees see fit from ifrne to time in particulaf but not lirnited to the relief of need by reason of youth. age, ill heatth. disability or other disadvantage by providing grants and donations to charities or other organi5ats.ons for such charitable purposes. Applicants are invited to apply via our web slte where our Guidance will help applicants to determine whether they are e1Ible. As a small charity we can only make small grants of £250- £5 at present so we prioriti5e making grants to small comrnunity-based organisations where our financial support15 more meaningful. Grant Man8 policy The trustees confirm that they have referred to the guidance contained in the Charity Comrni5sion's general guidance on public benefit when reMewin8 the charitvs aim5 and objecttves and in planning future aciivitie5 and setting the grant making policy for the year. The charity intends to begin in a modest w and. initialty, will make small grdnts of £250- £Sc, for core, project and capital costs. for 6 - 12 owanisatr'ons annualty. We can only fund projects and activities that are exclusively charitable. We make grants to small communrty-based charities and organisations workire, primarily but not exclusively in Buckinghamshire and the surrounding counties. who are providing support and relief to those in need. Our ob ects are.. The relief of those in need by rea50n of yDuth. age, ill health. disability. financial hardship. or other disadvantsge. However. we rnay also consider rnaking grants for exclusively charitable activities that fall within any on the 13 charstable purposes as descTibed in detail on the Charity Commission Site. The issues we wish to address include.- The relief of sufferlng. 111 health. Disadvintsge caused by di5abilrty of any kind. Helping children and young adults who have experienced bad parentin8. Encouraging good citizenship. Loneliness. Preventing advancing dementia. Encourdging activity to maintsin good health and prevent boredom which might result in bad behaviour. The problems that carers experience being unable to leave their vulnerable relative. Fundin Criteria The charity will consider all applications that fall within our charitsble purposes and meet ourfundine ¢riteria and, for vthich. the due diligence process has not identified any unatteptsble issues. The wa¢FaMI FendtIDn 3rfsepterrthr 3n4-Jutylq2025
Charities must have a written constitution, with exclusively eharitable aims. and be run by a minimum of at least 2 trustees. In rnaking grants. trustee5 will comply with Charity Commission guidance. to ensure that it is in the charity's best interests. check that any moneyis used as it is expected Étto be and the decision recorded in the minutes. Please check the lists below of our priorities and what we do not fund. Other O nisations in the event that the trustee5 wished to SUPPOrt an Organisation that15nt a charity. they are aware of and would comply with the Charity Commission'5 Buidance on doing so. In particular, they Vul require: Contirmation that the grant 15 only exclusively used to further the charitvs purposes and that no bribes, facilitstion fees or similar will be paid and that no payments will be made to related parties, such as family members or business associates. b. Submission of the latest audited accounts or. rf not available. the latest companylmanagement accounts to accompany the application. c. An explanation of any material finance related issues that the grantor may reasonably wish to be aware of. These include, but are not limited to a recent modified or qualified audit opinion, or emphasis of matter ststement in w)ur most recent accounts Potential loan default, ath.on by creditors to recover debts, tash flow Iliquidrtyl IueS, major financial risks, or concerns over longer term sustainability. {rf requested] d. Detsils of registration with a regulator, professtonal andlor trade body membership, including re8iStration/membership numbers. Irf applicable] e. Confirmation that any regulatory permissions. licenses or approvals required for the project have been obtsined. or an explanation of what action islwill be taken to do so. lif applicablel f. Safe8uarding- details of the procedures used to ensure people are kept safe from harm and h¢)w management ensure these are applied consistenty. These must comply with the charity's safeguarding policy and legislation. and any regulation specifit to the activity. 8. Insurance- Details of insurances held. with a certified true copy of the insurance policy. [if requested] Wewill rioritise su ort to charities nisations Providing nursinq care in the home. b. Providing day care for vulnerable adults, such as those with dementia or Parkinson's Disease which provides relief for the carers. Provide specialist equipment including bespoke projects for people th disabilities. d. Provide activities and experiences that encourage gocKI cittzenship in the young. Provide tsalning fortherapy dogs that supportthe disabled. blind and deaf of others who May benefit. f. Providetransport to enable the housebound toioin in social activities, vtsrtthe doctor or shop. g. Provide social activities/ entertainmenv refreshments for the lonely/vulnerable/aged. h. Provide advice. group therapy for people suffering from addictions. who rovide the followin servbces: e trustees 11 not fund the followin a. Anything political. b. Animal welfare Ibut trdining aSSistsn dogs for people with disabilits'es we would support]. Anythin8 that is not exclusively ch?rrtable and compatible with our purposes. d. Any application that is from an individual. unless there are special circumstsnce5, such as the need to immediately replace a vitsl piece of equipmentfora disabled person such as a speech generator, and that the application is made through a relevant professional. e. Any organisation not based in England. The Woorter Fni FNnd•Uon sEpternbEr2Q4-JUTI. 2025
f. We would not welcome repeat applications within 2 year5 of 3n initial application unless invited to try again the following year due to limited funding available in the current year. We will notfund charitt.es that have unrestrirted reserves in excess of 12 rnonths runningcosts. h. We may not support organisations that have been running for less than 12 months as they will have no track record. We are not likelytoconsideran applicatli)n from a largerccmcern at present preferringto make a bigger impact with our grants to smaller charities. General appeals from National Charities. k. Small contribuknons to large appeals for Vehe$ or buildings. Re ortin All grantees will be required to provide a report on how their grnnt was used and the impart this has had. The content and nature of information to be reported will be appropriate for the size and type of grant awarded. The charity will monitor suth reports to not only ensure that grdnts are being used for the purposes intended, but also to asse55 the impart 8rants have made. This learning will be used to inform future decision making and policy to maxirnise the charitys impact. Submission of A lications a. We require submissions to be rnade using our appli0 fonn and these may not be considered, rf the word count limits are exceeded. b. However. you may include relevant SUPPOrting documents, such as a piogramme plan or budget. c. Applicath"ons may be sent to us by post or as an e mail attschment. Check your submission to ensure that you ha¥e included how you meet our funding criterla. Information on your organisationlindiwdual. projertlbid details. such as amounts. numbers, timetable, budget and evidence of the need and impact the funding would have. Decision makin Applications will be considered by our trustee Ix)ard. who work to the Charity Commission C27 guidelines on trustee decision making. If appropriate, the trustees may accept referrals from surtsb professional organisations and, if necessary, seek independent specialist advice on technical aspects of applications. However. decision making rests at all times with the trustees, grnnts are awarded entirely at their discretion and their decision is final. Notification A51 applicants will be notified of the outcome of their bid and successful applicants will have funding made available. For small grants, we advise applicants of their avmrd and include their obligations in receiving IL Iconfirming receipt, spending it 501ely on the purpose for whith it vrns given, returning any unused portion of the grdnt. giving detsils of how it was spent and reporting on the impact the grant had]. Data Protection Applicants, dats will be held in attordance with dats proteth.on legislation. It will be held securelv. disclosed if subjert to an access requesL treated as confidential, onty used for the purpose for which it has been provided and destroyed. once no longer needed. Checks and Due Dili ence The charity will carry out sufficient due diligence on grant applicants to cot)fim the identity of the applicant and that any funding will be applied in arcordance with the charity's charitsble purposes, funds wll not be knowingly used for illegal purposes. such as rnoney launderin& bribery or financing terrorism and that the applicant does not hold views or have any involvement in activities contrnry to the charity's Ydlues and charitable purposes. Vjoosier Famlty Fc¥JndatiDn 3*J 5eptembv lQ24-luty 1. 2025
Achlevements and PerfomiaKe The instial focus was on estsblishing the charity. its operating structure and grant-making proce5se5. The trustees established the charity's bank account in September 2024 and the donor commenced stsnding order payments to be used for grdnt-making purposes. andalso made a larger donation which was invested as a Fixed Rate bond with Cambridge and Counties Bank Ltd. A web site was established to enable applicants to assess whether to apply for funding. The selected applicats"on5 will be considered by the trustees at their quarterty meetiTr85 and following their decisions, Joyce Wooster, as treasurer will deal with distributing the grants. We have provided small grnnts to Six organisations. and in an effort to attrdct applications from local small organisations, have commenced sending detsils of our charity to local councils. Ourgrants will contributeto the charitable purposes of each organi5ation. The WlterFaTh FoundatiDn 3°SeptwfibEr 2024-Jui¥l" 2025
Flnanclal Revlew The trustees are responsible fof preparing the Trustees, Annual Report and the financial statements in accordancewith applicable lawand United Kingdom Accountin8 Standards IUnFted Kingdom Generallv Accepted Accounting PFactice}- Law applicable to trItieS in England and Wale5 requires the trustees to prepare tinancial ststements for each financial year which give a true and fair View of the charty and of the incoming resources and application of the resources of the charityfor that year. In preparing these fi'nancial ststements the trustees are required to: Select suitable accounting policies and then apply them conSisteny. observe the methods and principles in the Charitie5 50RP' make judgements and estimates that are reasonable and prudent- stste whether applicable UK Accounting Stsndards have been followed, subject to any material departures disc105ed and explained in the financial statements,. and prepare the financial ststements on the going concern basis unless it is inappropriate to presume that the charty will continue in operntion. The trustees are responsible for keeping proper ¢¢ounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial ststements comply with the Charities Act 2011 and the Charity IAccounts and Reports) Regulations 2£. They are also responsible for safeguarding the assets of the charity and hence for tsking reasonable steps for the pVentiOn and detection of fraud and other irregularities. The report of the charity's finances durin8 this financial period covers the time between the incorporation of the charity in September 2024 and the end of the reporting period on I" July 2025. Total fvnds 2025 Total funds 2024 Incthne from: Donations for investment Standing orders and small donations Gift Aid Total 30.LKKJ.(K) 2,380. 323. Empendltvre on: Charitable activities Purchase of Fixed rate bond Other expenses 1,800.00 30,(KIO.IJO 31,8CK).00 Net [eXpend1tyrecoMeI ts the ar Funds held at tst Juty 2025 The Co-operative Bank 580.00 All funds are unre5trirted. Assets and Uabiiiiles Cambridge and Counties Bank Ltd, fixed rate bond 30,c.()) Thg Woothr FaffJtyFoundat Septerntr*t24-Juty1"?02s
i. Accountin8 polldes 1.1 Basls of preparatlon of )Inanoal strtem The financial ststements have been prepared in accordance with the Chanties SORP IFRS 1021- Accounting and Reporting by Charitres: Ststement of Recommended Practice applicable to charities preparing thelr accounts in accordance wtth the Finantial Reports"ng 5tsndard applicable in the UK and Republic of Ireland IFRS 102) (effective ljanuary 20191. the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) and the Charit?es Act 2011. The financial ststements have been prepared to give a 'true and fair, view and have departed frorn the Charities (Accounts and Reports) Regulations 28 only to the extent required to provide a 'true and fairf view. This departure has involved foll$11n8 the Charities SORP IFRS 1021 published in October 2019 rather than the Accountin8 and Reporting by Charitse5: Ststement of Recommended Practice effective from l April 2005 which has since been withdrdwn. The Wooster Family Foundation meets the deflnition of a public benefit entity under FRS 102. The financial statements are presented in sterling and ve been rounded to the nearest £. 1.2 Golng cCern After making approprtate enquiries. the trustees have a reasonable expectstion that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason. they continue to adopt the goin8 concern basis in preparin8 the financial ststements. 1.3 Income All income is recognised once the Charity has entltlementtothe income. it is probablethatthe income will be received and the amount of incorne receivable can be measured reliably. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. 1.4 EXpendIre Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, Ft is probable that a trdn5fer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Charitsble activities and Governance costs are costs incurred on the charity's operations. Grants payable are thar8ed in the year when the offer is made. General funds are unrestrirted funds which are available for use atthe discretion of theTrustees in furtherance of the eeneral objectives of the Charity and which have not been desi8Trated for other purposes. 2. DonaOons for Investn Income from the founder's lar8e donation was £30.) and subsequently invested with Cambridge and Counties Bank Ltd as a fixed rate bond. The trustees will review options for holding future don*ions as reserves across a number of third parties, as appropriate, to reduce risk. 3. Standln8 oyders and small donatlons The founder is placing funds of £250 monthly into the charity unb'l the investments are generating enough funds to continue once she becomes unable to maintsin this input. TheW¢o#erfamily Found•thn 3rfSepltmber 2024-lulyl° 2025
io 4. Charltsble activities 6 8rant payments were made using the Intome from the standing orders and small donations. Sunny Days Children s Fund Panathlon Foundation Up n, Away Wycombe Talking Nelpaper SOFA Clothing Solutlons Novembet 2024 February 2025 February 2025 May 2025 May 2025 May 2025 £250 £250 £250 £250 £1.8(X) Ded•ratton The trustees declare that they have •ppro¥d the trustee5' report above. Si8ned on behalf of the charitys trustees". Chair of the Trustees Date: |qlioILs The Wooster F•nVWFoundat ySEPtember214-jvtyl.1tr2s
CHARITY COMMISSION FOR ENGLAND ANO WALES Independent examinerfs report on the accounts Section A Independent Examiner s Report Roport to thè trusteè nmbers of Th8 Wooster Family Fcwrmlation On accounts for the year Charlty no (rf any) charity (1he Trusf) for the year ended Responslbllluos and As Ihe carity trustees of Ihe Trus( you are reskKThible for the preparation basls of rep¢xt of accounts in with the reQuir)ts of the Chartlies A 2011 fthe A). I rewMI in respect of my examination of the Trusfs ac0nts carried out UfKler section 145 of the 2011 Act and in canying out my examinati. I urKler section 145(5Xb) of the ACL Independent I have c%)meted my examInatir. I c4)nfirm that no material matters have examinerfs statement Co to my attenti ( ") in connection with the examinati gNes me Cause to believe that in. any material a(xountir¥J re¢xYds were fN)t kept in aQxxxdan with section 130 of the Act or the acc¢)unts do not accord wilh the aCUnting records wilh Ihe examina prcper UfKlerstaThJi . Please dele to which attention shwld be drawn in order to enable a of the ants to be reached. words in the brackets rfthey do nor awly. sed. Relevant professlonal qualification(s) or body (If any): 44 Man( Park Averwe Princes Risborough Bucs HP27 9AS IER October 2018
Section B Disclosure Only complete rf the examiner nee(ts to hrghlight matters of ct)ncem (see CC32. Independent examinatiM of (thanty accounts: directio and guidance for examirw5}. Glve hare brlef dotails of any Itams that th8 examlner wlshos to dlsclose. IER October 2018