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2022-03-31-accounts

REGISTERED COMPANY NUMBER: 03304866 (England and Wales) REGISTERED CHARITY NUMBER: 1061372

THE RODDICK FOUNDATION

Financial Statements for the Year Ended 31 March 2022

Xeinadin Auditing Chartered Accountants and Statutory Auditors Beckett House

36 Old Jewry London EC2R 8DD

THE RODDICK FOUNDATION

Contents of the Financial Statements for the year ended 31 March 2022

Page
Report of the Trustees 1 to 7
Report of the Independent Auditors 8 to 10
Statement of Financial Activities 11
Balance Sheet 12
Cash Flow Statement 13
Notes to the Cash Flow Statement 14
Notes to the Financial Statements 15 to 22
Detailed Statement of Financial Activities 23 to 24
Detailed grants listing 25 to 30

THE RODDICK FOUNDATION (REGISTERED NUMBER: 03304866)

Report of the Trustees for the year ended 31 March 2022

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The foundation was set up for the following purposes:

a) The relief of poverty.

b) The promotion, maintenance, improvement and advancement of education for the public benefit.

c) The provision of facilities for recreation or other leisure time occupations in the interests of social welfare provided that such facilities are for the public benefit

d) The promotion of any other charitable purpose for the benefit of the public.

Public benefit

We are conscious the The Charities Act 2011 emphasises the requirement that all charities of every kind must be able to demonstrate that their work is of direct benefit to the public. We believe that the activities we fund through all our grants, covering a wide range of issues, which we categorise under arts and culture, education and media, environment, human and social rights and medical, are demonstrably of public benefit and ensure through our granting and further monitoring and evaluation that this is the case.

The principal objective of the charity is to support many issues and to achieve public benefit through the distribution of grants and social investments for public charitable purposes across the globe. These grants, focusing on small grassroots organisations at the heart of the community and larger established organisations, aim to deliver a real and lasting positive impact and change. In determining its grant making strategies and in the administration of the charity generally the trustees have paid due regard to Section 4 of the guidance published on public benefit and will continue to deliver grants as effectively and professionally as possible. It will also continue to raise awareness of many issues across the globe to achieve its mission to effect positive change.

Grantmaking

Grants made by The Foundation are at the discretion of The Board of Trustees. The Board considers making a grant and, if approved, notifies the intended recipient. Any funding commitments beyond one year are accrued accordingly within the year that the decision is made.

The Foundation makes grants to charitable and non-charitable organisations. Where grants are made to non-charitable organisations there are additional procedures undertaken by The Foundation so as to ensure that the recipient organisation utilises the intended grant for charitable purposes only and that these intentions are communicated to the recipient organisations.

To ensure The Foundation is meeting its objectives and to assess the effect and impact of The Foundation's grant making activities they undertake monitoring and evaluation in the form of 6 monthly reports for the duration of the project.

In the event that unsatisfactory reporting is received from a project, the trustees will consider any action that they wish to take to retrieve or amend future grant commitments.

Page 1

THE RODDICK FOUNDATION (REGISTERED NUMBER: 03304866)

Report of the Trustees for the year ended 31 March 2022

STRATEGIC REPORT

Achievement and performance

Charitable activities

The Roddick Foundation progressed its agenda during 2021/2022 by making significant grants totalling £1,567,464 to 46 organisations. Funding is given to groups working in the areas of arts and culture, environment, human rights and social rights.

All grants made have identified issues across the Foundation's overall mission statement.

Highlights of grants made during the financial year 2021/2022 include:

Arts & Culture - £73,618

Good Chance Theatre - The Roddick Foundation has been a key partner funder on Good Chance's The Walk and has been integral to making the entire project possible. With The Roddick Foundation's support they were able to create a major unprecedented travelling artwork, led by 1x 3.5m tall puppet, who journeyed 8,000km, through 8 countries, with 469 partners, involving herself in 147 events, working with 1626 artists, meeting over 6,000 people directly and reaching almost 140,000 people in terms of audiences. They were also able to train 1,755 teachers in Little Amal's story and create 76 short films of The Walk and 5 films of Little Amal at COP26 in Glasgow where their press coverage reached 16 million people in one day.

Environment - £269,181

Community Support Agriculture Network UK - The Roddick Foundation funding has been enormously helpful for CSAN UK allowing them to really push forward with their communications. Member farms have benefited by being highlighted on social media channels and on CSAN UK's website - raising their profile and the number of members of their own schemes as a result. Their updated website will also benefit all their farms and the increase in their profile will push up demand and support for agroecological growing in general.

Synchronicity Earth - Supporting the Comissao Guarani Yvyrupa (CGY), an indigenous organisation that brings together collectives of the Guarani people from the South and Southeast regions of Brazil in the struggle for their territory, has meant that as well as focussing their efforts on their main goal of land rights and advocacy, they have now been able to focus on supporting the people in the community - without these resources nothing on the ground would have been possible.

- Human Rights £373,083

Rights of Women - Funding from The Roddick Foundation has helped the Parental Alienation project make excellent progress, including the recruitment of one full-time legal officer to work on the project, the establishment of an advisory group comprising of a mixture of survivors, domestic abuse organisations, representatives from commissioner offices and academies and the establishment of a bespoke referral and case management systems for the project.

Reprieve - Thanks to support from The Roddick Foundation, Reprieve has continued to fight for justice on behalf of those enduring extreme human rights abuses, including detention without charge or trial, in Kurdish detention facilities in North-east Syria (NES). Reprieve has been able to increase the number of clients they are assisting as demand for their support has dramatically increased. They are now working directly with more than 34 vulnerable individuals and their children detained in NES providing, amongst other services, legal assistance, investigative support and secure remote medical assessments.

Media/Education - £173,237

Rugforce Films Ltd - The Roddick Foundation funding has been used to meet the costs of a feature documentary, directed by Lorna Tucker about street homelessness. The aim of the film is to be a part of The Big Issue's campaign SMASH - to stop mass homelessness which the UK faces as we emerge from lockdowns - to get the public and politicians to understand the scale of the problem and to do something about it.

- Social Rights £678,345

Hetrick-Martin Institute - With the support of The Roddick Foundation HMI has been able to hire a full-time licensed Bereavement Counsellor - a position that is of critical need for so many of their youth members due to the disproportionate levels of loss and grief they routinely experience, which is trauma that has only been intensified as a result of the COVID-19 pandemic. This support will directly impact the recovery of these deserving young people.

Page 2

THE RODDICK FOUNDATION (REGISTERED NUMBER: 03304866)

Report of the Trustees

for the year ended 31 March 2022

Pacific Pride Foundation - Funding from The Roddick Foundation has supported Pacific Pride Foundation in providing and expanding their essential services to meet the increased needs of their clients. PPF is a leading LGBTQ+ centre between Los Angeles and San Francisco and provides essential, culturally competent services to the LGBTQ+ and HIV-impacted communities. While significant strides have been made in the fight for LGBTQ+ equality, there is still much work to be done. The entire community benefits when the health of the LGBTQ+ community is improved and when issues of LGBTQ+ equality are addressed.

Room To Heal - Funding from The Roddick Foundation has helped Room to Heal support 113 torture survivors, providing 63 of these people with tailored, intensive, holistic support including therapeutic activities and casework/practical support. This support has really helped community members with ongoing support through very challenging times.

Fundraising activities

Section 162a of the Charities Act 2011 requires charities to make a statement regarding fundraising activities. Although we do not undertake widespread fundraising from the general public, the legislation defines fund raising as “soliciting or otherwise procuring money or other property for charitable purposes.” Such amounts receivable are presented in our accounts as “voluntary income” and include legacies and grants.

In relation to the above we confirm that all solicitations are managed internally, without involvement of commercial participators or professional fund-raisers, or third parties. The day to day management of all income generation is delegated to the executive team, who are accountable to the trustees.

The charity is not bound by any undertaking to be bound by any regulatory scheme and the charity does not consider it necessary to comply with any voluntary code of practice.

We have received no complaints in relation to fundraising activities. Our terms of employment require staff to behave reasonably at all times; as we do not approach individuals for funds we do not have particularise this to fundraising activities nor do we consider it necessary to design specific procedures to monitor such activities.

Financial review

Financial position

In 2007, the majority of the funding was received from Mr T G and the late Dame A L Roddick. Of the amounts received £30m was intended to be invested to generate income and that the income would be the annual resource of the Foundation for gifting.

The Foundation continues to be reliant on its income from its investments, which amounted to £267,702 in the current year (2021 - £241,972). To reflect the intentions of the endowment gift, the Foundation has invested a portion of the funds received in medium term investments in order to generate sufficient annual income to make grant payments whilst benefiting from capital growth. The Trustees are pleased with the performance of the investment portfolio during 2021/22 given the economic circumstances prevailing.

In addition to these investments, the Foundation keeps sufficient monies on current and deposit bank accounts to enable grant payments to be made as and when they fall due.

Other income with regard to book royalties received from the late Anita Roddick's publishing company of £205 have been received in the financial year. Expenditure of £1,708,682 was spent on charitable activity, governance and administration of the Foundation.

Page 3

THE RODDICK FOUNDATION (REGISTERED NUMBER: 03304866)

Report of the Trustees for the year ended 31 March 2022

STRATEGIC REPORT Financial review Investment policy and objectives Introduction

The Roddick Foundation was registered 18 March 1997 with a £30,000,000 expendable endowment from Mr T G and the late Dame A L Roddick. This document is to provide policy and guidance on how the fund is to be managed.

Purpose

The charitable objective of the Foundation is the promotion of any charitable purpose for the benefit of the community, including relief of poverty, advancement of education and social welfare. The Foundation has specialised in the following core fields:

The Foundation makes grants to organisations working in pursuit of these objectives. The Foundation aims to distribute approximately £1,000,000 per year. The Trustees have agreed that The Foundation's grant-making is not limited to the income generated from investments and will spend down the Fund at approximately the current level of expenditure.

Investment objectives

Current Investment Profile

The portfolio is managed by Coutts using their Tailored Portfolio Service. The portfolio is to adopt a balanced profile.

Risk Management

The Trustees have currently mandated a risk tolerant attitude to risk, which is category 5 on the Coutts Risk Rating scale (CRR). CRR 5 implies volatility of 5-15% returns pa.

Investment Time Horizon

The trustees are prepared for the Investment Manager to adopt a 5 to 8 year time horizon with regular annual reviews. The investment approach can be changed in the meantime if circumstances require.

Social, Ethical and Environmental Policy

The Foundation stands for the highest ethical standards, which must be applied to the managers' investment strategy. In short, they should contain:

Negative screening

Page 4

THE RODDICK FOUNDATION (REGISTERED NUMBER: 03304866)

Report of the Trustees for the year ended 31 March 2022

STRATEGIC REPORT

Financial review

Positive screening

Reporting and monitoring

The management of the fund has been delegated to Coutts Bank. The performance and investment regime will be reviewed annually with UK representatives of the Trustees, Foundation staff and representatives of Coutts.

Investment summary for the 12 months ending 31 March 2022

2021 was the year for recovering from the pandemic. Interestingly, at the beginning of the year, most commentators were of the view that value, cyclical markets, such as the UK, would lead the recovery. This turned out not to be the case, with growth markets and sectors, dominated by the US stock market and tech, led the way in providing returns.

This benefited The Roddick Foundations portfolio, which by virtue of aiming to minimise exposure to polluters, had a greater degree of exposure to other sectors such as tech.

This year has proven to be very different. Investors have faced three major sources of dislocation, which are all also interlinked:

What the combination of the above does is chip away at disposable income as input costs rise and borrowing costs follow. This rise in input costs pushes up inflation, extending the debate over central bank tightening, creating more uncertainty for companies that borrow a lot to grow, and also causing valuations for companies trading at a premium to be re-based downwards. This final point impacts the tech sector disproportionately, which has manifested as underperformance in US markets (a lot of tech) and outperformance in the UK (lots of energy/mining). This rotation has also meant difficult conditions for The Roddick Foundations portfolio.

Rising yields also impact the value of bonds as investors begin to see low interest payments as poor value. Our portfolio is underweight foxed income instruments, and this positioning has helped overall with performance.

Looking ahead, markets have arguably priced in a lot of these risks, which are now public knowledge, and in some cases, investor behaviour is arguably irrational, as such, our portfolio is well positioned for a recovery.

Reserves policy

The free reserves of the Foundation at 31 March 2022 were £nil (2021 - £nil). The Trustees are able to draw funds from the expendable endowment fund to meet the operational needs and grant commitments made.

Future plans

Human, environmental and social rights together with some funding of the arts and education will continue to be central in the future grants policy. The Roddick Foundation will carry on spending down some of its capital with the possibility of fully spending out over time.

In shaping the work of The Roddick Foundation the trustees will pay close attention to world events including the continuing unfolding impacts of the Coronavirus pandemic, issues of human rights and social justice, and the urgent need to address climate and ecological breakdown. The increase in economic uncertainty at this time adds to the risk of financial instability and the creation of unpredictable effects on people and the environment.

Page 5

THE RODDICK FOUNDATION (REGISTERED NUMBER: 03304866)

Report of the Trustees for the year ended 31 March 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Foundation is a private company limited by guarantee, incorporated on 21 January 1997, number 3304866 and is a registered charity, number 1061372. Registration was obtained on 18 March 1997. The Foundation's trustees have control of The Foundation and its property and funds.

The Foundation was established to give expression of the charitable intentions of Mr. T G and Dame A L Roddick.

The trustees meet at regular intervals during each year to give consideration to the status of The Foundation's funding, reserves, risks and grant making.

The trustees are appointed by invitation on to The Board by existing trustees. On appointment, an induction is given by an existing trustee explaining the grant making processes and procedures as well as an overview of the administrative procedures employed by The Foundation. In addition all new trustees are given a copy of the code of conduct for a trustee, explaining in detail their role and responsibilities.

Audit and risk management

The Audit and Risk management committee Terms of Reference are as follows:

Purpose

The board is committed to ensuring the adequacy of risk management, internal controls, efficient and effective use of funds and financial governance arrangements within the Charity. In addition it is to review the annual audited financial statements of the charity.

Composition

Specific responsibilities

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 03304866 (England and Wales)

Registered Charity number 1061372

Registered office PO Box 838 Chichester West Sussex PO19 9XP

Page 6

THE RODDICK FOUNDATION (REGISTERED NUMBER: 03304866)

Report of the Trustees for the year ended 31 March 2022

Trustees T G Roddick Ms S Roddick Ms J Roddick Ms C A Schlieske

Company Secretary Ms J Roddick

Auditors Xeinadin Auditing Chartered Accountants and Statutory Auditors Beckett House 36 Old Jewry London EC2R 8DD

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of The Roddick Foundation for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

AUDITORS

The auditors, Xeinadin Auditing, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on ............................................. and signed on the board's behalf by:

........................................................................ T G Roddick - Trustee

Page 7

Report of the Independent Auditors to the Members of The Roddick Foundation (Registered number: 03304866)

Opinion

We have audited the financial statements of The Roddick Foundation (the 'charitable company') for the year ended 31 March 2022 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit:

Page 8

Report of the Independent Auditors to the Members of The Roddick Foundation (Registered number: 03304866)

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

-Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Page 9

Report of the Independent Auditors to the Members of The Roddick Foundation (Registered number: 03304866)

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Hazel Day BSc FCA DChA (Senior Statutory Auditor) for and on behalf of Xeinadin Auditing Chartered Accountants and Statutory Auditors Beckett House 36 Old Jewry London EC2R 8DD Date: .............................................

Page 10

THE RODDICK FOUNDATION

Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the year ended 31 March 2022

Notes
INCOME AND ENDOWMENTS FROM
Investment income
2
Other income
Total
EXPENDITURE ON
Raising funds
3
Charitable activities
4
Grants to institutions
Total
Net gains on investments
NET INCOME/(EXPENDITURE)
Transfers between funds
15
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
-
205
205
3,200
1,708,682
1,711,882
-
(1,711,677)
1,711,677
-
-
-
Endowment
fund
£
267,702
-
267,702
67,632
-
67,632
671,853
871,923
(1,711,677)
(839,754)
18,033,829
17,194,075		 2022

Total
funds
£
267,702
205
267,907
70,832
1,708,682
1,779,514
671,853
(839,754)
-
(839,754)
18,033,829
17,194,075		 2021
Total
funds
£
241,972
301
242,273
66,864
1,444,567
1,511,431
2,508,202
1,239,044
-
1,239,044
16,794,785
18,033,829

The notes form part of these financial statements

Page 11

THE RODDICK FOUNDATION (REGISTERED NUMBER: 03304866)

Balance Sheet 31 March 2022

Notes
FIXED ASSETS
Tangible assets
11
Investments
12
CURRENT ASSETS
Debtors
13
Cash at bank
CREDITORS
Amounts falling due within one year
14
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
15
Endowment funds
TOTAL FUNDS		 Unrestricted
fund
£
-
-
-
-
-
-
-
-
-
-
Endowment
fund
£
1,914
16,478,765
16,480,679
2,266
849,300
851,566
(138,170)
713,396
17,194,075
17,194,075		 2022

Total
funds
£
1,914
16,478,765
16,480,679
2,266
849,300
851,566
(138,170)
713,396
17,194,075
17,194,075
17,194,075
17,194,075		 2021
Total
funds
£
773
17,592,736
17,593,509
4,122
496,379
500,501
(60,181)
440,320
18,033,829
18,033,829
18,033,829
18,033,829

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. T G Roddick - Trustee

The notes form part of these financial statements

Page 12

THE RODDICK FOUNDATION

Cash Flow Statement
for the year ended 31 March 2022
2022
Notes
£
Cash flows from operating activities
Cash generated from operations
1
(1,912,327)
Net cash used in operating activities
(1,912,327)
Cash flows from investing activities
Purchase of tangible fixed assets
(2,454)
Sale of fixed asset investments
2,000,000
Interest received
116,009
Dividends received
151,693
Net cash provided by investing activities
2,265,248
Change in cash and cash equivalents in the
reporting period
352,921
Cash and cash equivalents at the beginning
of the reporting period
496,379
Cash and cash equivalents at the end of the
reporting period
849,300		 2021
£
(1,706,790)
(1,706,790)
(837)
-
127,019
114,953
241,135
(1,465,655)
1,962,034
496,379

The notes form part of these financial statements

Page 13

THE RODDICK FOUNDATION

Notes to the Cash Flow Statement for the year ended 31 March 2022

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net (expenditure)/income for the reporting period (as per the Statement of
Financial Activities)
Adjustments for:
Depreciation charges
Gain on investments
Interest received
Dividends received
Income retained in investment portfolio
Investment manager's fees
Decrease/(increase) in debtors
Increase/(decrease) in creditors
Net cash used in operations		 2022
£
(839,754)
1,313
(671,853)
(116,009)
(151,693)
(281,808)
67,632
1,856
77,989
(1,912,327)		 2021
£
1,239,044
646
(2,508,201)
(127,019)
(114,953)
(227,432)
63,664
(2,020)
(30,519)
(1,706,790)

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.21 Cash flow At 31.3.22
£ £ £
Net cash
Cash at bank 496,379 352,921 849,300
496,379 352,921 849,300
Total 496,379 352,921 849,300

The notes form part of these financial statements

Page 14

THE RODDICK FOUNDATION

Notes to the Financial Statements for the year ended 31 March 2022

1. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

The Roddick Foundation meets the definition of a public benefit entity under FRS 102.

INCOME

Donations and grants are accounted for when receivable. Investment income is accounted for on an accrual basis.

EXPENDITURE

Expenditure is accounted for on an accruals basis. Grants payable are recognised as expenditure in the year in which a binding commitment to make payments is entered into.

Support costs are those costs incurred directly in support of expenditure on the objects of the Foundation. In view of amounts involved these costs are not reallocated to individual charitable projects. These costs also include governance costs that comprise all costs involving the public accountability of The Foundation and its compliance with regulation and good practice. these costs include costs related to statutory audit.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - Straight line over 5 years Computer equipment - Straight line over 3 years

TAXATION

The charity is exempt from corporation tax on its charitable activities.

FUND ACCOUNTING

There is an expendable endowment fund created by a gift from the Roddick family. These funds are held as capital with the income arising representing unrestricted income. The terms of the Fund allow the capital to be spent if the trustees so determine.

Restricted funds - these are funds that can only be used for particular restricted purposes within the objects of the Foundation. Restrictions arise when specified by the donor or when the funds are raised for particular restricted purposes.

The remaining funds held by the Foundation are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity.

FOREIGN CURRENCIES

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

continued...

Page 15

THE RODDICK FOUNDATION

Notes to the Financial Statements - continued for the year ended 31 March 2022

1. ACCOUNTING POLICIES - continued

INVESTMENTS

Fixed asset investments are stated at market value, where market value represents the bid-market price on the last day of trading before the year end. Any unrealised or realised gains arising from investments are taken to the fund for which the investments are held.

2. INVESTMENT INCOME

Income from listed securities
Deposit account interest		 2022
£
151,693
116,009
267,702		 2021
£
114,953
127,019
241,972

3. RAISING FUNDS

INVESTMENT MANAGEMENT COSTS

Portfolio management
Other costs		 2022
£
67,632
3,200
70,832		 2021
£
63,664
3,200
66,864

Within the amounts above, £67,632 (2021 - £63,664) of raising funds was from expendable endowment funds.

4. CHARITABLE ACTIVITIES COSTS

Grant
funding of
activities
Direct
(see note
Costs
5)
£
£
Grants to institutions
25,000
1,567,464
5.
GRANTS PAYABLE
Grants to institutions
The total grants paid to institutions during the year was as follows:
Arts and culture
Educational and media
Environmental
Human rights
Medical/ health
Poverty/ social justice		 Support
costs (see
note 6)
£
116,218
2022
£
1,567,464
2022
£
73,618
173,237
269,181
373,083
-
678,345
1,567,464		 Totals
£
1,708,682
2021
£
1,303,157
2021
£
130,000
59,998
269,880
314,785
117,000
411,494
1,303,157

continued...

Page 16

THE RODDICK FOUNDATION

Notes to the Financial Statements - continued for the year ended 31 March 2022

5. GRANTS PAYABLE – continued

Included within the total charitable activity cost are a number of grants paid to institutions as follows:

Grants paid to institutions 2022
Number
46		 2022
£
1,567,464		 2021
Number
46		 2021
£
1,303,157

A listing of the grants awarded during the year is given in the additional information on pages 25 to 30. No grants were awarded to individuals in either year.

6. SUPPORT COSTS

Management
£
Grants to institutions
125,841		 Governance
Finance
costs
£
£
(15,323)
5,700		 Totals
£
116,218

Support costs, included in the above, are as follows:

Support costs, included in the above, are as follows:
Wages
Social security
Pensions
Sundries
Depreciation of tangible and heritage assets
Bank charges
(Gain)/ loss on foreign exchange
Auditors' remuneration		 2022
Grants to
institutions
£
71,900
3,481
4,295
44,852
1,313
129
(15,452)
5,700
116,218		 2021
Total
activities
£
80,067
4,625
3,501
31,375
646
99
15,397
5,700
141,410

7.

NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2022 2021
£ £
Auditors' remuneration 5,700 5,700
Depreciation - owned assets 1,313 646

continued...

Page 17

THE RODDICK FOUNDATION

Notes to the Financial Statements - continued for the year ended 31 March 2022

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.

TRUSTEES' EXPENSES

There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.

9. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 2022
£
71,900
3,481
4,295
79,676		 2021
£
80,067
4,625
3,501
88,193

The average monthly number of employees during the year was as follows:

Administration

2022 2021
2 2
The number of employees whose employee benefits (excluding employer pension The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:
2022 2021
£60,001 - £70,000 - 1
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Endowment Total
fund fund funds
£ £ £
INCOME AND ENDOWMENTS FROM
Investment income - 241,972 241,972
Other income 301 - 301
Total 301 241,972 242,273
EXPENDITURE ON
Raising funds 3,200 63,664 66,864
Charitable activities
Grants to institutions 1,444,567 - 1,444,567
Total 1,447,767 63,664 1,511,431
Net gains on investments - 2,508,202 2,508,202
NET INCOME/(EXPENDITURE) (1,447,466) 2,686,510 1,239,044
Transfers between funds 646,742 (646,742) -
Net movement in funds (800,724) 2,039,768 1,239,044

continued...

Page 18

THE RODDICK FOUNDATION

Notes to the Financial Statements - continued for the year ended 31 March 2022

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
11.
TANGIBLE FIXED ASSETS
COST
At 1 April 2021
Additions
At 31 March 2022
DEPRECIATION
At 1 April 2021
Charge for year
At 31 March 2022
NET BOOK VALUE
At 31 March 2022
At 31 March 2021
12.
FIXED ASSET INVESTMENTS
MARKET VALUE
At 1 April 2021
Investment income retained in investment
portfolio
Withdrawals from investment portfolio
Realised & unrealised gains
Investment managers' fees
Exchange differences
At 31 March 2022
NET BOOK VALUE
At 31 March 2022
At 31 March 2021		 Unrestricted
fund
£
800,724
-
Fixtures
and
fittings
£
11,710
-
11,710
11,710
-
11,710
-
-
Endowment
fund
£
15,994,061
18,033,829
Computer
equipment
£
15,530
2,454
17,984
14,757
1,313
16,070
1,914
773
Endowment
fund
£
15,994,061
18,033,829
Computer
equipment
£
15,530
2,454
17,984
14,757
1,313
16,070
1,914
773
Total
funds
£
16,794,785
18,033,829
Totals
£
27,240
2,454
29,694
26,467
1,313
27,780
1,914
773
Listed
investments
£
17,592,736
266,752
(2,000,000)
671,853
(67,632)
15,056
16,478,765
16,478,765
17,592,736

There were no investment assets outside the UK.

continued...

Page 19

THE RODDICK FOUNDATION

Notes to the Financial Statements - continued

for the year ended 31 March 2022

12. FIXED ASSET INVESTMENTS - continued

Investments representing over 5% by value of the portfolio comprise:

Capital Int. Fund SICAV shares
Equator UK Sovereign Bond Index Fund		 2022
£
1,000,065
1,353,915		 2021
£
904,475
-

The historical cost of investments is £11,242,329 (2021 - £10,634,530).

Investments comprise:

Fixed interest listed/ bonds
Equities listed
Property
Cash and short term deposits
Investments are held in the following currencies:
British Pounds
US Dollars
Euros
Japanese Yen
Swiss Francs
13.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Prepayments		 2022
£
4,166,222
10,233,682
325,983
1,752,878
16,478,765
2022
£
10,842,252
4,718,875
721,312
2,776
193,550
16,478,765
2022
£
2,266		 2021
£
4,137,579
9,166,156
186,263
4,102,738
17,592,736
2021
£
13,772,429
3,008,147
658,698
2,913
150,549
17,592,736
2021
£
4,122

continued...

Page 20

THE RODDICK FOUNDATION

Notes to the Financial Statements - continued for the year ended 31 March 2022

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Accruals and deferred income
15.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Endowment funds
Expendable endowment
TOTAL FUNDS
Net movement in funds, included in the above ar
Unrestricted funds
General fund
Endowment funds
Expendable endowment
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Endowment funds
Expendable endowment
TOTAL FUNDS		 At 1.4.21
£
-
18,033,829
18,033,829
e as follows:
Incoming
resources
£
205
267,702
267,907
At 1.4.20
£
800,724
15,994,061
16,794,785		 Net
movement
in funds
£
(1,711,677)
871,923
(839,754)
Resources
expended
£
(1,711,882)
(67,632)
(1,779,514)
Net
movement
in funds
£
(1,447,466)
2,686,510
1,239,044		 2022
£
138,170
Transfers
between
funds
£
1,711,677
(1,711,677)
-
Gains and
losses
£
-
671,853
671,853
Transfers
between
funds
£
646,742
(646,742)
-		 2021
£
60,181
At
31.3.22
£
-
17,194,075
17,194,075
Movement
in funds
£
(1,711,677)
871,923
(839,754)
At
31.3.21
£
-
18,033,829
18,033,829






continued...

Page 21

THE RODDICK FOUNDATION

Notes to the Financial Statements - continued for the year ended 31 March 2022

15. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Endowment funds
Expendable endowment
TOTAL FUNDS		 Incoming
resources
£
301
241,972
242,273		 Resources
expended
£
(1,447,767)
(63,664)
(1,511,431)		 Gains and
losses
£
-
2,508,202
2,508,202		 Movement
in funds
£
(1,447,466)
2,686,510
1,239,044

16. RELATED PARTY DISCLOSURES

There were no related party transactions in the year.

17. LIABILITY OF MEMBERS

The liability of members is limited by guarantee. In the event of the charitable company being wound up during a member's period of membership or within one year afterwards, an amount not exceeding the sum of £1 may be required from that member towards the payment of the debts and liabilities of the charitable company incurred before the membership ended.

As at 31 March 2022, the charitable company had four (2021 - four) members.

Page 22

THE RODDICK FOUNDATION

Detailed Statement of Financial Activities for the year ended 31 March 2022

Detailed Statement of Financial Activities
for the year ended 31 March 2022
INCOME AND ENDOWMENTS
Investment income
Income from listed securities
Deposit account interest
Other income
Royalties
Total incoming resources
EXPENDITURE
Investment management costs
Portfolio management
Other costs
Charitable activities
Grant programme support
Grants to institutions
Support costs
Management
Wages
Social security
Pensions
Sundries
Depreciation of tangible and heritage assets
Finance
Bank charges
(Gain)/ loss on foreign exchange
Governance costs
Auditors' remuneration
Total resources expended
Net expenditure before gains and losses		 2022
£
151,693
116,009		 2021
£
114,953
127,019
241,972
301
242,273
63,664
3,200
66,864
-
1,303,157
1,303,157
80,067
4,625
3,501
31,375
646
120,214
99
15,397
15,496
5,700
1,511,431
(1,269,158)
267,702
205
267,907
67,632
3,200
70,832
25,000
1,567,464
1,592,464
71,900
3,481
4,295
44,852
1,313
125,841
129
(15,452)
(15,323)
5,700
1,779,514
(1,511,607)

This page does not form part of the statutory financial statements

Page 23

THE RODDICK FOUNDATION

Detailed Statement of Financial Activities
for the year ended 31 March 2022
Realised recognised gains and losses
Realised gains/(losses) on fixed asset investments
Net expenditure		 2022
£
43,763
(1,467,844)		 2021
£
(103,245)
(1,372,403)

This page does not form part of the statutory financial statements

Page 24

The Roddick Foundation – Full Grants List 2021/2022

ABORTION ACCESS FRONT - £57,296

Charity Number: Via Parent Charity – NEO Philanthropy EIN 13-3191113

Abortion Access Front was founded with the intention of using a comedic approach to spark a movement dedicated to destigmatizing abortion, calling out anti-choice actors, and fighting for access to fact-based reproductive health care in the United States. The key to AAF’s approach is to make the message compelling by using humour—inspiring laughter, outrage and most crucially, action. AAF is national in scope and they use their media and website content to address threats to reproductive rights and abortion access at the state and local levels across the nation.

The grant is given towards general funding of AAF’s primary program areas: rapid response media, clinic support programs, direct action and community building.

AHA! - £60,000 (£30,000 a year for two years)

Charity Number: 20-4418873

The AHA! programme uses an action- and discussion-based curriculum to develop communication skills, empathy, emotional intelligence, imagination, acceptance of difference, resiliency, and social conscience in teens.

The grant is given towards general operating support to maintain and expand interactive SEL programming for Santa Barbara teenagers and teachers.

APPEAL - £30,000

Charity Number: 1144162

APPEAL is a non-profit law practice committed to fighting miscarriages of justice and demanding reform. The grant is given towards core costs.

ASSOCIACAO DOS ASHANINKA DO RIO AMONIA APIUTXA - £25,000

The Ashaninka Association works to guarantee that the Ashaninka indigenous community have a formalised cooperative, guaranteed health care for their village, they have structured a sustainable local production of food, achieved local and international recognition for their way of life and culture.

The grant is given towards setting up a network of local food cooperatives.

ANTI TRAFFICKING & LABOUR EXPLOITATION UNIT (ATLEU) - £30,000 Charity Number: 1151675

ATLEU’s mission it to secure safety and justice for survivors of trafficking and slavery by using and reforming the law. ATLEU is the only UK charity providing dedicated and holistic legal advice to victims of trafficking. The grant is given towards ATLEU’s core activities.

BAOBAB CENTRE FOR YOUNG SURVIVORS IN EXILE - £30,000 Charity Number: 1135407

The Baobab Centre is a non-residential therapeutic community with the objective of enabling young asylum seekers with violent and traumatic pasts to thrive in exile. They have two key aims, these are: offering treatment and rehabilitation and pathways towards justice and rights. The children, adolescents and young adults they work with have experienced a series of overwhelming and violent events during their developmental years, Baobab provides opportunities for treatment and rehabilitation within a holistic and integrated model of work. The grant is given as unrestricted funding towards their essential core organisational costs.

CARIS FAMILIES - £17,084 Charity Number: 1121919

CARIS Families is a frontline charity that provides practical support on the ground to families who have found themselves homeless and living in temporary accommodation hostels in London.

The grant is given towards the Director’s salary.

CHOOSE LOVE - £25,000

Charity Number: Via Prism The Gift Fund 1099682

‘Choose Love’ is a movement of thousands of everyday people, taking action to improve the lives of refugees and displaced people. In five years, they’ve grown from a hashtag into one of the largest facilitators of grassroots aid in Europe.

The grant is given towards their collaborative communications campaign ‘Choose Earth’ to create an innovative crowdfunding and storytelling campaign helping indigenous leaders in Brazil.

CHOOSE LOVE - £150,000

Charity Number: Via Prism The Gift Fund 1099682

‘Choose Love’ is a movement of thousands of everyday people, taking action to improve the lives of refugees and displaced people. In five years, they’ve grown from a hashtag into one of the largest facilitators of grassroots aid in Europe.

The grant is given towards their core costs to respond to the emerging needs of the displaced populations across migration routes

This page does not form part of the statutory financial statements

Page 25

CLOD ENSEMBLE - £30,000 Charity Number: 1064633

Clod Ensemble is an award-winning performance company and registered charity which has been making performances and creating participation and education events for nearly 25 years. Their work is divided into two programmes: Performance Programme where work is presented across the UK and internationally, and Performing Medicine which is a professional development initiative for healthcare professionals using techniques drawn from theatre, dance and the visual arts.

This grant is given towards core costs to stabilise the company and ensure they have the staff capacity and ability to maximise on the opportunities ahead for Performing Medicine and the company as a whole.

COMMUNITY SUPPORTED AGRICULTURE NETWORK UK (CSAN UK) - £10,000 (£5,000 a year for two years) Community Supported Agriculture empowers farmers and communities to work together to transform local food systems. CSAs produce good food using agroecological methods, keep waste and food miles to a minimum, care for the land and build local communities. The grant is being used to support the role of their Communications Manager.

COMMON GROUND RELIEF - £13,567.21

Charity Number: 06-1816720

Common Ground Relief, a grassroots, volunteer-based, non-profit organization established in 2005, seeks “to create resilient Gulf Coast communities that are environmentally sustainable, financially viable and personally cohesive.”

The grant is given to support the purchase of a used pick-up truck – a tool they need to use daily to implement all their programmes.

COURT APPOINTED SPECIAL ADVOCATES OF SANTA BARBARA COUNTY (CASA) - £25,000 Charity Number: 33-0662734

CASA’s mission is to ensure a safe, permanent, nurturing home for every abused and/or neglected child by providing a highly trained volunteer to advocate for him/her in the court system.

The grant is being put towards their volunteer advocacy programme including recruitment, screening, training and case management.

DEATH PENALTY PROJECT - £30,000

Charity Number: 1115035

The DPP is a legal action charity with special consultative status before the United Nations Economic and Social Council. They use the law to protect prisoners facing execution and to promote fair and humane criminal justice systems, where the rights of all people are respected. The grant is given towards their work providing free representation to individuals on death row in Ghana and towards their work establishing the necessary platform to bring about the abolition of the death penalty there.

DREAM FOUNDATION - £38,197.33

Charity Number: 77-0405779

Dream Foundation is the only national dream-granting organization in the USA for terminally-ill adults, fulfils final Dreams that provide inspiration, comfort and closure at the end of life.

The grant is given towards their Dreams for Dream recipients diagnosed with Parkinson’s Disease as well as provide matched gifts for donors gained through their Parkinson’s Disease campaign.

ENTHUM FOUNDATION - £25,000

Charity Number: 1135493

Enthum Foundation offers supported accommodation and outreach to unaccompanied asylum seeking children (UASC) and young refugees aged 16+. They give them a place to rebuild their lives, provide opportunities for them to thrive and support them to independent living. The grant is given towards core costs.

ENVIRONMENTAL FUNDERS NETWORK - £1,500

Charity Number: 1181318

The Environmental Funders Network is a UK based network of foundations, family offices and individual donors supporting environmental causes. Their aim is to increase the amount of financial support for environmental causes and to improve its overall effectiveness. The Roddick Foundation’s membership contribution for 2021.

FARMERAMA RADIO LTD - £14,000

Farmerama Radio is an award-winning podcast sharing the voices behind regenerative farming. The show features farmers and growers rebuilding our food and ecosystems from the ground up. They are committed to positive ecological futures for the earth and its people, and they believe that farmers will determine this. By giving the farmers a voice, they hope to rejuvenate the confidence and vibrancy of regenerative farmers and rural communities and demonstrate how their decisions affect our food, our health and our planet.

The grant is given towards their podcast series for the Cultivating Justice project. The project addresses themes of Food Justice, Equitable Access and Narrative Change.

This page does not form part of the statutory financial statements

Page 26

FEDERACION GUATEMALTECA DE ESCUELAS RADIOFONICAS (CURA DE TERRA) - £ 43,681.09 Federacion Guatemalteca de Escuelas Radiofonicas is an indigenous organisation which is part of a network of community communicators nationwide and provide an outlet for promoting the role of indignenous women and the climate crisis that they and their communities are facing.

The grant is being put to a project titled Cura Da Terra which is an indigenous women’s led project that aims to co-create narratives of responsibility, reciprocity and regeneration in times of systems collapse. Support will be given to core costs, virtual meeting of indigenous women from around the world & meeting at COP26 in Glasgow

FRIENDS, FAMILIES & TRAVELLERS - £28,000

Charity Number: 1112326

Founded in 1996 FFT’s core work is frontline case work supporting disadvantaged Gypsies, Roma and Travellers in Sussex, promoting health and wellbeing, contributing to their research and policy making and delivering training.

The grant is given towards their programme of outreach and advocacy support to the community across Sussex.

FUNDO CASA - £20,000

The mission of the Fundo Casa is to promote environmental conservation and sustainability, democracy and social justice by means of the support, capacity building and civil society initiatives in South America.

The grant is given towards supporting grassroots organisations in Brazil with a particular focus on the conservation of ecosystems and community nurturing for systemic change and strengthening the broader movement

GLOBAL LEGAL ACTION NETWORK (GLAN) - £50,600 Charity Number: 1167733

The Global Legal Action Network (GLAN) is a unique non-profit organisation that pursues innovative legal actions across borders, challenging states and other powerful actors involved with human rights violations. Their vision is the challenging of injustice through legal action for the disempowered.

This grant is given towards their work tackling international impunity for human rights and environmental harms of the Cerrejon coal mine.

GOOD CHANCE THEATRE - £9,500

Charity Number: 1166833

Good Chance is a dynamic UK arts charity bringing diverse people and communities together through creativity and art to help to build a more just and equable world.

This grant is given towards the making of 5 short films to help tell the story of Little Amal at COP26 and beyond.

GRANVILLE COMMUNITY KITCHEN - £24,000

Granville Community Kitchen is community led and responsive to local needs and uses food as a medium to build community cohesion and confidence, working with marginalised groups and those experiencing hunger and food insecurity, in dignity. This grant is given towards helping them develop their Good Food Box into a successful business model.

HELEN BAMBER FOUNDATION - £30,000 Charity Number: 1149652

The Helen Bamber Foundation (HBF) is a specialist clinical and human rights charity that works with Survivors of trafficking, torture and other forms of extreme human cruelty.

The grant is given towards the Prevent Re-trafficking programme.

HETRICK-MARTIN INSTITUTE - £76,520.87 Charity Number: 13-3104537

Hetrick-Martin Institute (HMI) believes that all young people -- regardless of sexual orientation or identity -- deserve a safe environment in which to achieve their full potential. HMI serves at-risk youth (ages 13-24) and their families, nearly all of whom come from low-income communities and face pervasive societal stigma. They are disconnected from support systems that address such crucial issues as poverty, depression, substance abuse and risky sexual behaviors. This results in an array of social, education and economic barriers that negatively impact their life.

This grant is given towards hiring a full-time Bereavement Counselor; a position that is of critical need for so many of their youth members due to the disproportionate levels of loss and grief they routinely experience, which is trauma that has only been intensified as a result of the COVID-19 pandemic.

This page does not form part of the statutory financial statements

Page 27

HOME-START ARUN - £25,000 Charity Number: 1132416

Home-Start Arun, Worthing & Adur supports vulnerable families during their challenging times. Their aim is to equip and empower parents who are facing a range of difficulties, to manage well on their own, enabling them to give their children the best possible start in life. This is achieved by their volunteer programme involving home-visiting and family group support.

The grant is given towards covering the costs of employing a Senior Fundraiser

IBRAIM DO NASCIEMENTO SANTOS - £14.929.54 (£7464.77 x 2 years)

Ibraim is a visual artist with over 25 years of experience in work directly related to Brazilian culture and activism. The grant is given towards expanding creative actions and articulations for the Brazilian indigenous movement.

INNOCENCE PROJECT NEW ORLEANS - £38,398.42 Charity Number: 72-1501261

IPNO frees innocent people sentenced to life in prison and those serving unjust sentences. They recognize the root causes of wrongful convictions and unjust sentences as systemic racism and inequities. They work to expose and address these root cases by sharing our clients’ stories in court, the legislature, the community and the media. IPNO support their clients living well and fully in the world after their release. The grant is given towards core costs which would ensure that IPNO’s operations remain robust, efficient and effective, and that their core work of freeing innocent and unjustly sentenced individuals continues.

INSTITUTO INTERNACIONAL DE EDUCACAO DO BRASIL (IEB) - £8,803.28

For 23 years IEB has been building bridges between issues related to the conservation of natural resources and the other dimensions of sustainability, be they economic, social or cultural.

The grant is given towards the hiring of a communications assistant for an Indigenous leader to amplify the voices and participation of indigenous peoples in all spaces of power, formal and non-formal, ensuring their diversity and strengthening indigenous movements.

MUSEUM OF CONTEMPORARY ART SANTA BARBARA - £ 19,188.82

Charity Number: 95-3384859

The Museum of Contemporary Art Santa Barbara (MCASB) advances creativity and inspires critical thinking through meaningful engagement with the art of our time. As the only contemporary art museum between Los Angeles and the Bay Area, MCASB occupies a critical and unique position in the cultural vitality of the state. Founded in 1976 as the Contemporary Arts Forum, and then rebranded in 2013 as the Museum of Contemporary Art Santa Barbara, with a re-commitment to the community. MCASB directly serves the counties of Santa Barbara, Ventura, and San Luis Obispo.

The grant is given towards the Emerging Leaders in the Arts program.

MUSIC MISSION - £7,679.68

Music Mission is a foundation that supports communities throughout the Americas in creating and sharing their music. They believe in music’s ability to transcend division, foster innovation, and create joy for a world in need of empathy and constructive growth. The grant is given towards realizing their work with the Mascogo people, an

Afro-descendent community in Coahuila, Mexico. They are providing material support to the community or their kitchen and realizing a full scale audio recording and short video documentary on the community and their music traditions.

PACIFIC PRIDE FOUNDATION – £60,000 (£30,000 a year for 2 years) Charity Number: 501(c)3 No. 95-3133613

Pacific Pride Foundation has always been dedicated to the health of the LGBTQ+ community, initially as an addiction recovery service provider. Over its 45-year history, PPF has expanded its focus to include a robust youth program, counseling intern training programs designed to produce culturally competent and embracing mental health professionals, as well as individual counseling and clinical groups for both LGBTQ+ youth and their families.

The grant is given towards general operating costs.

PRISM THE GIFT FUND (Farming The Future) - £100,000 Charity Number: 1099682

Prism the Gift Fund is a UK registered charity that administers the giving of groups, individuals and foundations making significant gifts to charities all over the world.

The grant is given towards the Farming The Future Annual Grant Pool for 2021.

This page does not form part of the statutory financial statements

Page 28

PRISONERS’ EDUCATION TRUST - £20,444

Charity Number: 1084718

Prisoners’ Education Trust’s vision is that prisoners’ lives are transformed through learning. This is underpinned by their mission to help every prisoner to become a learner, and encourage every prison to become a place to learn. Since their foundation in April 1989, they have helped over 37,000 students, and continue to work with nearly every prison across England and Wales.

The grant is given towards 93 older prisoners – aged 50+ - to gain access to their learning courses/programmes and services.

REPRIEVE - £52,160

Charity Number: 1114900

Reprieve is a high-impact legal charity working to end the death penalty worldwide, and to end extreme human rights abuses committed under the guise of “counterterrorism” or “national security”. They provide free legal and investigative support to some of the world’s most vulnerable people: those facing execution, rendition, torture, arbitrary imprisonment and extra-judicial killing.

The grant is given as a contribution towards the salary of Reprieve’s Head of Syria and Iraq Detention Project and their Joint Executive Director working on facilitating solutions that alleviate the extreme human rights abuses of those detained without charge or trial in the Kurdish camps and prisons.

RIGHTS OF WOMEN - £15,000

Charity Number: 1147913

Rights of Women’s vision is to achieve equality, justice and safety in the law for all women. They aim to advise, educate and empower women by:

b) Enabling women to understand and benefit from their legal rights; c) Campaigning to ensure that women's voices are heard and law and policy meets all women's needs.

The grant is given towards their project to explore how parental alienation (PA) is used in and impacts on child contact cases where domestic abuse (DA) is an issue in the case, and to stop the use of PA in DA cases.

ROOM TO HEAL - £16,000 Charity Number: 1128857

Room to Heal is a grassroots human rights charity, supporting people who have survived torture and other human rights abuses. Room To Heal’s work covers a spectrum of areas including physical and psychological therapy to practical assistance with house, legal protection, healthcare, training and education.

The grant is given as unrestricted funding towards their work.

RUGFORCE FILMS LTD - £100,000

Rugforce Films is an SPV which has been set up to make the film Still The Big issue. The two partners are Dartmouth Films and The Big Issue Company Limited. Dartmouth Films was set up in 2008 to make documentaries which would achieve social and political change and has produced or distributed more than 40 such films.

The grant is given towards supporting the film Still the Big Issue, which is an integral part of a wider campaign which The Big Issue is launching – SMASH – to stop the mass homelessness which the country faces as we emerge from lockdown. The need is to get the public and politicians to understand the scale of the problem and to do something about it. Addressing this need draws on the experience in this country and elsewhere of films being part of the process of achieving change.

SELVAGEM CICLO DE ESTUDOS LTDA - £73,236.94 (US$100,000 - $50,000 a year for 2 years)

Selvagem, a cycle of studies on life will become an "open school" which will act as a support network for "living schools" in indigenous villages. Living schools are flourishing in many indigenous peoples. They don’t substitute formal schools, they are built on a different foundation: the culture itself enchants, protects and pulsates. They “apply” knowledge: coming from plants, forest medicines, healing, chants, weaving, graphism geometry, animal language, drawing and painting workshops, notebook crafting, elder storytelling, planting, cosmology and rites.

The grant is given towards the Selvagem Open School activities for the next two years.

SEMANGANIS WORME LOMBARD - £17,676.66

SWL is a 100% First Nation partnership of lawyers practicing law on behalf of Indigenous collectives and individuations throughout Canada. The grant is given towards the protection and advancement of Syilx rights, freedoms and title in their traditional territory fro governance disruptions and harmful territorial encroachments.

SOLID STATE COMMUNITY SOCIETY - £30,000 Charity Number: S0064480

Solid State Community Society is building a network of co-operative enterprises with youth from newcomer and migrant families. With the support of mentors, advisers and community partners, youth gain training and educational skills towards long-term economic self-reliance. The grant is given towards staffing to help maintain and develop their outreach and partnership efforts, website and social media.

This page does not form part of the statutory financial statements

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SWITCHBACK - £25,000

Charity Number: 1125100

Switchback is a London based charity that runs an intensive one-to-one mentoring programme for 18-30 year old men - Trainees – being released from prison. Switchback’s purpose is to enable young men to find a way out of the justice system and build a stable, rewarding life they can be proud of.

The grant is given as unrestricted funding towards their core programme costs.

SYNCHRONICITY EARTH - £15,000 Charity Number: 1132786

Synchronicity Earth’s vision is “An Earth in which all life is valued, celebrated and flourishing”. They act to address overlooked and underfunded conservation challenges for globally threatened species and ecosystems – their five programmes include: Amphibians, Asian Species, Congo Basin, Freshwater and High & Deep Seas.

The grant is given to support the Comissão Guarani Yvyrupa (CGY) to secure their ancestral forest territories and protect them from external threats, with this funding being directed to the Community & Spiritual Strengthening strand of the project as well as supporting some core and flexible costs.

WAGING PEACE - £20,000 Charity Number: 1124746

Formerly known as Article 1 was formed in 2008 in response to the number of asylum-seekers reaching the UK from Sudan. They exist to help the UK_Sudanese community build meaningful lives in the UK - whatever their version of ‘meaningful’ is, they support them to build or continue lives with purpose.

The grant is given towards core costs.

WE ARE GROW - £15,000

We are GROW was set up as an urgent response to the accelerating climate emergency, rising obesity levels amongst children and young people in the UK, and the surging mental health crisis faced by schools. Their mission is to create and exemplify a holistic and sustainable model for tackling the root causes of these three intrinsically connected and critical issues within the communities: with access, empowerment and the transferral of knowledge and skills at its core.

The grant is given towards core costs.

This page does not form part of the statutory financial statements

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