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2024-03-31-accounts

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

THE RODDICK FOUNDATION

Financial Statements for the Year Ended 31 March 2024

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

THE RODDICK FOUNDATION

Contents of the Financial Statements

for the year ended 31 March 2024

Page
Report of the Trustees 1 to 9
Report of the Independent Auditors 10 to 12
Statement of Financial Activities 13
Balance Sheet 14
Notes to the Financial Statements 15 to 22
Detailed Statement of Financial Activities 23 to 24

THE RODDICK FOUNDATION (REGISTERED NUMBER: 03304866)

Report of the Trustees

for the year ended 31 March 2024

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 2024. 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 that 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, focussing 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 2024

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The Roddick Foundation progressed its agenda during 2023/2024 by making significant grants totalling £1,655,377 to 57 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 2023/2024 include:

ARTS/CULTURE - £60,000

Kiln Theatre

Funding from The Roddick Foundation has contributed to Kiln Theatre's core running costs including a thought-provoking and inclusive artistic programme, their Creative Engagement programme (offering free access to workshops, events and tickets to young people, adults, school pupils and community organisations across Kilburn, Brent and North West London), and towards freelance artists and creatives.

EDUCATION - £125,000

Children On The Edge

The grant from The Roddick Foundation has been used to provide a salary for the Founder and Head of the Herat Online School for Afghani children. The online school continues to thrive and is currently supporting around 1300 registered students, with 700 students actively participating in regular online lessons. The lessons and pastoral care and support from teachers offers a lifeline to Afghani girls trapped at home.

ENVIRONMENT - £269,900

Action For Conservation

With funding from The Roddick Foundation Action For Conservation has been able to build new shelving, benches, tables and more from Penpont ash in the Land Library Learning Centre. The Penpont Land Library Learning Centre was conceptualised as a response to young people's unmet need for a deeper connection to nature in the UK. It will host a large collection of books, maps and other visual artefacts - a shared learning place holding educational workshops, community action days and public-facing nature events, and a residential space that can be used by artists and researchers as they create new ways of discovering Penpont and the Brecon Beacons.

Community Supported Agriculture Network

This funding has enabled CSAN UK to reach a wider audience and support more people to get involved in their work, whether as a member of a CSA or as a potential future farmer. It has also freed up time for the CSA Network Coordinator to devote more resource to other work.

HUMAN RIGHTS - £338,355

Healing Justice Project

Healing Justice is a non-profit organisation that utilises restorative justice and legal reform to address and prevent the harm caused by system failures that result in wrongful convictions, and the funding from The Roddick Foundation has helped Healing Justice in a number of ways - to respond more nimbly to requests for support, plan innovative ways to meet the needs of the directly-impacted community they serve, hold their first ever Circle Facilitation Training and hold a restorative healing retreat.

INDIGENOUS RIGHTS - £230,104

People's Palace Projects

Bringing 18 Indigenous films, three filmmakers/curators and one artist to the UK and France was an opportunity to raise their voices and awareness about climate and Indigenous rights. They had a chance to open a meaningful conversation with an international audience about the richness and diversity of Indigenous cinema production and arts, colonialism, racism, climate threats, and Indigenous cultural heritage. The Festival celebrated the diversity and versatility of Indigenous storytelling. It featured work by 21 filmmakers, 72% female and representing 13 ethnic groups across 10 regions in Brazil and neighbouring countries Bolivia, Peru, Colombia and Argentina. Without the support of The Roddick Foundation the Indigenous artists wouldn't have been able to come to the UK and highlight their work.

Page 2

THE RODDICK FOUNDATION (REGISTERED NUMBER: 03304866)

Report of the Trustees

for the year ended 31 March 2024

MEDICAL/HEALTH - £50,000

Cure Parkinson's Trust

Funding from The Roddick Foundation has been instrumental in supporting the progression of various clinical trials and studies aimed at finding a cure for Parkinson's disease. Cure Parkinson's three specific aims to help slow down, stop or reverse Parkinson's include working with the world's leading scientists and clinicians to find a cure, to be an international catalyst in the search for a cure, and to work with people affected by Parkinson's to support, inform and accelerate the search for a cure.

SOCIAL RIGHTS - £582,018

Dream Foundation

The grant from The Roddick Foundation has been used to provide final Dreams for three terminally-ill adults diagnosed with Parkinson's Disease - each patient's final Dream was to have a lift-chair which would allow them more comfort in their day-to-day life, and to increase their independence. Funding has also been put towards the cost of their Dream Outreach Manager to assist in connecting patients and providers, to educate others about the work The Dream Foundation does, and to refer patients who would be a good fit.

Hay Pride

This grant enabled Hay Pride to provide a fantastic event for the LGBTQ+ and Hay Community. People young and old felt completely themselves at Hay Pride and felt it was such an important day for all. Funding was used on core costs and on the running of the actual event, and without it Hay Pride would not have been able to continue, and support their local communities.

The Vavengers

The Vavengers is a passionate organisation founded and run by women survivors of FGM and other forms of VAWG. Funding has helped enable The Vavengers to continue to reach out to support women through pop-up workshops across London, partner with a wide range of other support organisations they can link women into, and run powerful advocacy campaigns including their One Question campaign which aims to ensure that a simple form is completed at all urgent and primary healthcare appointments for all women. This will allow solid data to be collected about the extent of FGM in the UK, and ensure that women receive the support they need.

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 or by any regulatory scheme and the charity does not consider it necessary to comply with any voluntary code of practice.

Page 3

THE RODDICK FOUNDATION (REGISTERED NUMBER: 03304866)

Report of the Trustees

for the year ended 31 March 2024

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 £392,463 in the current year (2023 - £314,465 ). 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 2023/24 given the eco nomic 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 £179 have been received in the financial year. Expenditure of £1,859,779 was spent on charitable activity, governance and administration of the Foundation.

Page 4

THE RODDICK FOUNDATION (REGISTERED NUMBER: 03304866)

Report of the Trustees

for the year ended 31 March 2024

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 £1,500,000 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 5

THE RODDICK FOUNDATION (REGISTERED NUMBER: 03304866)

Report of the Trustees

for the year ended 31 March 2024

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 2024

The Foundation has returned 10.37% over the last 12 months. The following summarises the market forces that have contributed to this.

Interest rate cycle

The market rally that was experienced last year and at the beginning of this year was a reaction to anticipation of rate rises finally being curtailed, and the potential for interest rates to eventually be cut (potentially in June in the UK).

Whilst the timing of interest rate cuts is difficult to pin down, the trajectory is almost certainly downwards if all remains equal. This naturally is positive for both bonds and equities, as investors look to secure a higher yield in the case of bonds, and company margins also improve for business, making the shares more attractive as well.

The potential for central bank easing has played a part in UK markets, particular in recent weeks, as the Bank of England looks like it will be one of the first to ease in developed markets. The FTSE now trades near 8,500, a record output.

For more growth centric markets such as Europe and the US (where tech is much more dominant), the prospect of rate cuts is particularly supportive as high valuations become more justified in the context of lower rates.

In summary, the interest rate environment suits the portfolio, providing strong support to both equities and bonds.

Geopolitical risks

Headlines have been dominated by geopolitical events arising out of Asia, Russia/Ukraine and the Middle East. Historically, geopolitical impact on markets is muted, with the exception of causing short term market volatility. Our view is to focus on market fundamentals, but keep an eye on how various conflicts escalate. Geopolitics only tend to impact markets longer term when they impact earnings, and so far we have not seen evidence of this.

Tech/AI

A resurgence in the tech sector has been attributed to the interest rate cycle above; but one additional feature has had a major impact - the development of artificial intelligence. The take up, and potential future growth in, AI is difficult to quantify as it could drive decade-long double digit earnings growth for some companies (e.g. NVDIA pricing in this type of growth). Furthermore, it creates further demand elsewhere within tech, such as cloud storage and the semiconductor supply chain. The portfolio has some healthy exposure to these areas, which it has benefited from.

Reserves policy

The free reserves of the Foundation at 31 March 2024 were £nil (2023 - £nil). The Trustees are able to draw funds from the expendable endowment fund to meet the operational needs and grant commitments made.

Page 6

THE RODDICK FOUNDATION (REGISTERED NUMBER: 03304866)

Report of the Trustees

for the year ended 31 March 2024

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.

Alongside its financial support to organisations furthering human, environmental and social rights The Foundation also seeks to provide non-financial support to partners where it can, particularly through connecting, networking and offering fundraising support and advice.

In shaping the work of The Roddick Foundation the trustees pay close attention to world events and the interconnection of issues, particularly the urgency of climate and ecological breakdown, and issues of human rights and social justice including gender-based violence and migration. Polarisation between, and within, countries and communities as well as current economic trends and uncertainty are central issues contributing to the complexity facing society, people and the environment with implications for financial stability and policy trends.

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

Page 7

THE RODDICK FOUNDATION (REGISTERED NUMBER: 03304866)

Report of the Trustees

for the year ended 31 March 2024

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

03304866 (England and Wales)

Registered Charity number

1061372

Registered office

22 Nelson Close Tangmere Chichester West Sussex PO20 2FW

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 Becket 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:

Page 8

THE RODDICK FOUNDATION (REGISTERED NUMBER: 03304866)

Report of the Trustees

for the year ended 31 March 2024

AUDITORS

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

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

......................................................................

T G Roddick - Trustee

Page 9

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 2024 which comprise the Statement of Financial Activities, the Balance Sheet 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).

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 10

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.

Page 11

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

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:

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.

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 Becket House 36 Old Jewry London EC2R 8DD

Date: .............................................

Page 12

THE RODDICK FOUNDATION

Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the year ended 31 March 2024

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/(losses) on investments
NET INCOME/(EXPENDITURE)
Transfers between funds
16
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
-
3,595
3,595
3,226
1,859,779
1,863,005
-
(1,859,410)
1,859,410
-
-
-		 Endowment
fund
£
392,463
-
392,463
57,822
-
57,822
1,081,015
1,415,656
(1,859,410)
(443,754)
15,265,320
14,821,566		 2024
Total
funds
£
392,463
3,595
396,058
61,048
1,859,779
1,920,827
1,081,015
(443,754)
-
(443,754)
15,265,320
14,821,566		 2023
Total
funds
£
314,465
182
314,647
63,742
1,693,238
1,756,980
(486,422)
(1,928,755)
-
(1,928,755)
17,194,075
15,265,320

The notes form part of these financial statements

Page 13

THE RODDICK FOUNDATION (REGISTERED NUMBER: 03304866)

Balance Sheet

31 March 2024

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
CREDITORS
Amounts falling due after more than one year
15
NET ASSETS
FUNDS
16
Endowment funds
TOTAL FUNDS		 Unrestricted
fund
£
-
-
-
-
-
-
-
-
-
-
-		 Endowment
fund
£
-
14,557,227
14,557,227
7,754
675,019
682,773
(398,434)
284,339
14,841,566
(20,000)
14,821,566		 2024
Total
funds
£
-
14,557,227
14,557,227
7,754
675,019
682,773
(398,434)
284,339
14,841,566
(20,000)
14,821,566
14,821,566
14,821,566		 2023
Total
funds
£
817
14,660,266
14,661,083
7,739
718,480
726,219
(81,711)
644,508
15,305,591
(40,271)
15,265,320
15,265,320
15,265,320

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

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 14

THE RODDICK FOUNDATION

Notes to the Financial Statements

for the year ended 31 March 2024

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.

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.

Page 15

continued...

THE RODDICK FOUNDATION

Notes to the Financial Statements - continued

for the year ended 31 March 2024

1. ACCOUNTING POLICIES - continued

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.

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
RAISING FUNDS
INVESTMENT MANAGEMENT COSTS
Portfolio management
Other costs		 2024
£
346,312
46,151
392,463
2024
£
57,822
3,226
61,048		 2023
£
210,045
104,420		 2023
£
210,045
104,420
314,465
2023
£
60,579
3,163
63,742

3. RAISING FUNDS

Within the amounts above, £57,822 (2023 - £60,579) of raising funds was from expendable endowment funds.

4. CHARITABLE ACTIVITIES COSTS

Grants to institutions
GRANTS PAYABLE
Grants to institutions		 Direct
Costs
£
37,229		 Grant
funding of
activities
(see note
5)
£
1,655,377		 Support
costs (see
note 6)
£
167,173
2024
£
1,655,377		 Totals
£
1,859,779
2023
£
1,533,419

5. GRANTS PAYABLE

Page 16

continued...

THE RODDICK FOUNDATION

Notes to the Financial Statements - continued

for the year ended 31 March 2024

5. GRANTS PAYABLE - continued

The total grants paid to institutions during the year was as follows:

GRANTS PAYABLE - continued
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
Indigenous rights		 2024
£
60,000
125,000
269,900
338,355
50,000
582,018
230,104
1,655,377		 2023
£
88,000
115,500
266,240
245,680
-
519,797
298,202
1,533,419

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

2024 2024 2023 2023
Number £ Number £
Grants paid to institutions 57 1,655,377 55 1,533,419

A listing of the grants awarded during the year is given in the additional information on pages 25 to 35. No grants were awarded to individuals in either year.

6. SUPPORT COSTS

SUPPORT COSTS
Governance
Management Finance costs Totals
£ £ £ £
Grants to institutions 158,589 1,744 6,840 167,173

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		 2024
Grants to
institutions
£
116,282
7,177
8,856
25,456
818
194
1,550
6,840
167,173		 2023
Total
activities
£
78,751
3,799
4,664
46,457
1,097
183
(20,895
5,700
119,756

continued...

Page 17

THE RODDICK FOUNDATION

Notes to the Financial Statements - continued

for the year ended 31 March 2024

7. NET INCOME/(EXPENDITURE)

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

2024 2023
£ £
Auditors' remuneration 6,840 5,700
Depreciation - owned assets 817 1,097

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.

TRUSTEES' EXPENSES

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.

9. STAFF COSTS

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

2024 2023
Administration 3 2

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

2024
£60,001 - £70,000
1
10.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Endowment
fund
fund
£
£
INCOME AND ENDOWMENTS FROM
Investment income
-
314,465
Other income
182
-
Total
182
314,465
EXPENDITURE ON
Raising funds
3,163
60,579
Charitable activities
Grants to institutions
1,693,238
-
Total
1,696,401
60,579
Net gains/(losses) on investments
-
(486,422)
NET INCOME/(EXPENDITURE)
(1,696,219)
(232,536)
Transfers between funds
1,696,219
(1,696,219)

continued...

Page 18

THE RODDICK FOUNDATION

Notes to the Financial Statements - continued

for the year ended 31 March 2024

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
11.
TANGIBLE FIXED ASSETS
COST
At 1 April 2023 and 31 March 2024
DEPRECIATION
At 1 April 2023
Charge for year
At 31 March 2024
NET BOOK VALUE
At 31 March 2024
At 31 March 2023
12.
FIXED ASSET INVESTMENTS
MARKET VALUE
At 1 April 2023
Investment income retained in investment
portfolio
Withdrawals from investment portfolio
Realised & unrealised (losses) /gains
Investment managers' fees
Exchange differences
At 31 March 2024
NET BOOK VALUE
At 31 March 2024
At 31 March 2023		 Unrestricted
fund
£
-
-
-
Listed
investments
£
14,360,013
374,968
(1,500,000)
1,110,898
(57,822)
(1,200)
14,286,857
14,286,857
14,360,013		 Unrestricted
fund
£
-
-
-
Listed
investments
£
14,360,013
374,968
(1,500,000)
1,110,898
(57,822)
(1,200)
14,286,857
14,286,857
14,360,013		 Endowment
fund
£
(1,928,755)
17,194,075
15,265,320
Unlisted
investments
£
300,253
-
-
(29,883)
-
-
270,370
270,370
300,253		 Endowment
fund
£
(1,928,755)
17,194,075
15,265,320
Unlisted
investments
£
300,253
-
-
(29,883)
-
-
270,370
270,370
300,253		 Total
funds
£
(1,928,755)
17,194,075
15,265,320
Computer
equipment
£
3,997
3,180
817
3,997
-
817
Totals
£
14,660,266
374,968
(1,500,000)
1,081,015
(57,822)
(1,200)
14,557,227
14,557,227
14,660,266

continued...

Page 19

THE RODDICK FOUNDATION

Notes to the Financial Statements - continued

for the year ended 31 March 2024

12. FIXED ASSET INVESTMENTS - continued

Capital Int. Fund SICAV shares
Coutts US and Canada Enhanced Index Govt. Bond Fund
Coutts Actively Managed Global Investment Fund
Coutts Europe Enhanced Index Govt. Bond Fund
Coutts US ESG Insights Equity Fund
UBS ETF Plc
Apple Inc
LVMH Moet Hennessy Louis Vuitton SE
Investments comprise:
Fixed interest listed/ bonds
Equities listed
Property
Cash and short term deposits
Commodities
Investments are held in the following currencies:
British Pounds
US Dollars
Euros
Japanese Yen
Swiss Francs
13.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
Prepayments
Investments representing over 5% by value of the portfolio comprise:		 2024 2024 £
2023		 £
2023
£
- 928,070
1,348,775 -
1,169,139 -
1,109,607 1,159,129
1,011,526 -
1,877,917 -
- 810,568
- 741,522
2024 2023
£ £
4,815,175 3,301,953
8,910,542 10,014,649
- 250,610
468,297 1,093,054
363,212 -
14,557,226 14,660,266
2024 2023
£ £
11,506,491 8,805,514
2,415,861 4,786,111
632,558 918,075
2,316 2,694
- 147,872
14,557,226 14,660,266
2024
£
5,000
2,754
7,754		 2023
£
5,000
2,739
7,739

continued...

Page 20

THE RODDICK FOUNDATION

Notes to the Financial Statements - continued

for the year ended 31 March 2024

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
£
Accruals and deferred income
398,434
15.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024
£
Accruals and deferred income
20,000
16.
MOVEMENT IN FUNDS
Net
Transfers
movement
between
At 1.4.23
in funds
funds
£
£
£
Unrestricted funds
General fund
-
(1,859,410)
1,859,410
Endowment funds
Expendable endowment
15,265,320
1,415,656
(1,859,410)
TOTAL FUNDS
15,265,320
(443,754)
-
Net movement in funds, included in the above are as follows:
Incoming
Resources
Gains and
resources
expended
losses
£
£
£
Unrestricted funds
General fund
3,595
(1,863,005)
-
Endowment funds
Expendable endowment
392,463
(57,822)
1,081,015
TOTAL FUNDS
396,058
(1,920,827)
1,081,015
Comparatives for movement in funds
Net
Transfers
movement
between
At 1.4.22
in funds
funds
£
£
£
Unrestricted funds
General fund
-
(1,696,219)
1,696,219
Endowment funds
Expendable endowment
17,194,075
(232,536)
(1,696,219)
TOTAL FUNDS
17,194,075
(1,928,755)
-		 2023
£
81,711
2023
£
40,271
At
31.3.24
£
-
14,821,566
14,821,566
Movement
in funds
£
(1,859,410)
1,415,656
(443,754)
At
31.3.23
£
-
15,265,320
15,265,320

continued...

Page 21

THE RODDICK FOUNDATION

Notes to the Financial Statements - continued

for the year ended 31 March 2024

16. 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
£
182
314,465
314,647		 Resources
expended
£
(1,696,401)
(60,579)
(1,756,980)		 Gains and
losses
£
-
(486,422)
(486,422)		 Movement
in funds
£
(1,696,219)
(232,536)
(1,928,755)

17. RELATED PARTY DISCLOSURES

There were no related party transactions in the year.

18. 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 2024, the charitable company had four (2023 - four) members.

Page 22

THE RODDICK FOUNDATION

Detailed Statement of Financial Activities

for the year ended 31 March 2024

INCOME AND ENDOWMENTS
Investment income
Income from listed securities
Deposit account interest
Other income
Royalties
Grants returned
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		 2024
£
346,312
46,151
392,463
179
3,416
3,595
396,058
57,822
3,226
61,048
37,229
1,655,377
1,692,606
116,282
7,177
8,856
25,456
818
158,589
194
1,550
1,744
6,840
1,920,827
(1,524,769)		 2023
£
210,045
104,420
314,465
182
-
182
314,647
60,579
3,163
63,742
40,063
1,533,419
1,573,482
78,751
3,799
4,664
46,457
1,097
134,768
183
(20,895)
(20,712)
5,700
1,756,980
(1,442,333)

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 2024

Realised recognised gains and losses
Realised gains/(losses) on fixed asset investments
Net expenditure		 2024
£
1,081,015
(443,754)		 2023
£
(67,629)
(1,509,962)

This page does not form part of the statutory financial statements

Page 24 

The Roddick Foundation – Full Grants List 2023/2024

ABORTION ACCESS FRONT - £79,164.03

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 AAF’s baseline programming across their Rapid
Response Media, Clinic Support & Community Building programs.

ACTION FOR CONSERVATION - £8,900

Charity Number: 1157297

Action for Conservation’s mission is to inspire today’s young people to a
long-term belief in the wonder of the natural world, which will shape their
dreams and actions however their life turns out. Their core organisational
values of diversity, wonder, hope, action, and change reflect our approach
to realising our mission.

The grant is given towards developing their physical Land Library Learning
Centre space to make it fit for purpose within their education programme.

AHA! - £19,888.52

Charity Number: 501(c)(3)

Since founding in 1999, AHA! has honed and delivered a high-touch,
interactive, mentorship-based Social Emotional Learning (SEL) curriculum
through a variety of in-school, after-school, and summer programs for
teens, as well as trainings and support for educators and parents. Over the
past 24 years, AHA! has inspired, mentored, and equipped more than 70,000
youth, parents and educators in Santa Barbara County with life-affirming
social-emotional skills that help them thrive, communicate effectively,
have healthy relationships, and manage skyrocketing levels of stress,
anxiety, depression, and other mental health struggles.

The grant is given towards AHA!’s Sing It Out programme.

AMAZONIA REAL - £60,000 (£20,000 a year for 3 years)

Amazônia Real is an independent and investigative journalism organisation
that acts for all of the Brazilian Amazon. Their mission is to make
journalism that gives visibility to the marginalised populations of the
region, such as indigenous peoples and traditional populations, and that
are not part of the predominant agenda of the big media.

The grant is given towards the "Strengthening Investigative Journalism at
Amazônia Real" project. The goal of this project is to monitor and follow
socio-environmental agendas in the Amazon, with a focus on the following
themes: forest protection, the rights of traditional populations in the
context of the climate emergency, floods and droughts, threats to
environmental defenders, and territorial invasions.

This page does not form part of the statutory financial statements

Page 25

APPEAL - £30,000

Charity Number: 1144162

APPEAL is a non-profit law practice committed to fighting miscarriages of
justice and demanding reform.Their vision is for a system in which people
in England and Wales are at far less risk of wrongful conviction and unfair
sentencing, and all such wrongs are righted as a matter of urgency.
The grant is given as unrestricted funding towards their work to enable
them to take a multi-pronged approach, to work alongside those at the sharp
end of our broken justice system, to seize opportunities where they arise
and be increasingly led by people directly affected by miscarriages of
justice.

ARTSPOT PRODUCTIONS - £23,790.28 (over 2 years)

Founded in 1995 and based in Bulbancha|New Orleans, ArtSpot Productions
creates original, multidisciplinary performances that illuminate the
painful truths and joyful triumphs of the underheard in order to catalyze
collective healing and a more just society.

The grant is given towards core costs - administrative staff and artist
teachers.It will also allow them to offer a stipend to a few college
interns.

ASSOCIACAO DOS ASHANINKA DO RIO AMONIA APIUTXA - £30,000

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 Year 2 of their project to set up 8 food/produce
cooperatives in the Upper Jurua region of Brazil.

BAOBAB CENTRE FOR YOUNG SURVIVORS IN EXILE - £60,000 (£30,000 a year for 2 years)

Charity Number: 1135407

Baobab is a therapeutic community and human rights charity supporting young
refugees and asylum seekers who arrived in the UK as unaccompanied minors.
Their multi-ethnic and multi-disciplinary staff team work closely together
and share responsibilities for all aspects of their work. Baobab’s key aims
are rehabilitation and advocacy. Baobab provides holistic, integrated non-
time limited support through weekly individual and group psychotherapy,
practical support through casework services, weekly music/arts groups,
monthly community meetings, year-round sporting and cultural events and
outings, holiday focused day activities including two residential summer
retreats.

The grant is given to support their core services.

BLACK MOUNTAINS COLLEGE - £50,000

Charity Number: 1180681

The Black Mountains College’s mission is to ‘teach the future’ and prepare
people for an era of ecological and social disruption. They do this through
three strands of education: short courses, further education and higher
education all geared towards promoting climate action, climate adaptation
and climate justice.

The grant is given a core funding which will allow BMC to develop new
courses and build partnerships to support its impact in the local area.

This page does not form part of the statutory financial statements

Page 26

BRIGHTON & HOVE LGBT SWITCHBOARD - £30,000 (£15,000 a year for 2 years)

Charity Number: 296193

Brighton & Hove LGBT Switchboard’s mission is to understand and respond to
the needs of LGBTQ+ communities throughout Sussex, with a vision to support
LGBTQ+ people to thrive.

The grant is given towards core costs to support their domestic violence
abuse support service.

CARIS FAMILIES - £20,187 (£10,094 in 2024 and £10,093 in 2025)

Charity Number: 1121919

CARIS Families exists to support families who are homeless and living in
overcrowded multi-occupant hostels in the London Boroughs of Hackney and
Camden.

The grant is given towards the salary for two years of a new member of
staff – a 0.8 FTE Advocacy and Progression Manager.

CASA SOCIO-ENVIRONMENTAL FUND - £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 The Amazon Alliance Pooled Fund – to continue
supporting grassroots organisations in Brazil who are in need of resources
to strengthen their socio-environmental resilience and resistance.

CENTER FOR RESTORATIVE APPROACHES - £23,899.28 (over 2 years)

CRA was founded to foster healing, amplify resident voices, and ensure equitable involvement in rebuilding efforts after Hurricane Katrina . Today, CRA continues its work within the local school system and is deeply engaged in youth initiatives and juvenile justice reforms with a historic agreement with the OPDA working to enhance juvenile diversion by redirecting young people from the criminal legal system through restorative approaches. The grant is given towards the costs of a facilitator.

CHILDREN ON THE EDGE - £75,000 (£37,000 in Yr1 & £38,000 in Yr2)

Charity Number: 1101441

Children on the Edge’s mission is to create conditions in which every
marginalised child can flourish and thrive no matter where they live and
irrespective of the challenging circumstances they face.

The grant is given towards the salary of a teacher for two years for the
Herat Online School in Afghanistan – an online educational platform for
girls in Afghanistan, plus funding towards organisational costs including
the costs of the new learning platform / website and establishing Herat
School as an independent UK registered charity.

COMMUNITY SUPPORTED AGRICULTURE NETWORK UK (CSAN UK) - £20,000 (£10,000 a year for 2 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 given towards the role of Communications Manager.

This page does not form part of the statutory financial statements

Page 27

CURE PARKINSON’S TRUST - £50,000

Charity Number: 1111816

Cure Parkinson’s is the only organisation in the UK solely dedicated to
finding a cure for Parkinson’s.

This grant is given towards funding research that has the potential to slow,
stop or reverse the disease. The majority of this work is delivered through
their world-leading iLCT programme.

DEATH PENALTY PROJECT - £30,000

Charity Number: 1115035
The Death Penalty Project is a legal action NGO providing free legal
representation to people facing the death penalty worldwide, with a focus
on the Commonwealth. They use the law to protect prisoners facing execution
and to promote fair criminal justice systems, where the rights of all
people are respected.

The grant is given to support their ongoing legal work, research, capacity
building and advocacy in many countries around the world planned for 2024.

DREAM FOUNDATION - £39,710.78

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 Dream Programme – specifically for Dreams
for Dream recipients diagnosed with Parkinson’s Disease.

ENTHUM FOUNDATION - £50,000 (£25,000 a year for 2 years)

Charity Number: 1135493

Enthum Foundation provides safe and sustainable homes for unaccompanied
‘Looked After Children’ aged 16-18 seeking asylum and transitioning into
impendence, delivering a first-class service to young people affected by
complex trauma with diverse needs, from a variety of backgrounds. Their
homes in Eastbourne provide a nurturing and empowering environment for
young people to start the journey into their new lives.
The grant is given towards core costs.

FAMILIES & FRIENDS OF LOUISIANA’S INCARCERATED CHILDREN (FFLIC) - £23,785.54 (over 2 years)

Charity Number: US 501c3

FFLIC is a statewide, grassroots, membership-based, intergenerational
organization working to transform systems that put children at risk of
prison. FFLIC’s mission is to create a better life for all of Louisiana’s
youth, especially those involved in or targeted by the youth justice
system.

The grant is given towards their youth-led #NoMorePrisons (NMP) Campaign
work to close youth prisons and advocate for community-based alternatives.

This page does not form part of the statutory financial statements

Page 28

FINAL STRAW FOUNDATION - £15,000

Charity Number: 1191500

The Final Straw Foundation is a charity focusing on promoting ocean health
and reducing single use plastics through education, awareness and turning
the tap off on plastic pollution. They work with local communities, schools
and businesses to highlight the impact of plastic pollution on our
environment and to try to minimise the amount of plastic entering our local
seas and wider oceans.

The grant is given towards the Final Straw Foundation’s Education Station -
an innovative project which aims to address the plastic crisis by
collecting and recycling plastics, specifically targeting type 2 and 5
plastics commonly found on beach cleans and collected through community
initiatives and seeks to redefine our relationship with this ubiquitous
material.

FREEDOM ARCHIVES - £11,892.77

Charity Number: 94-3408339

The Freedom Archives is a non-profit educational media archive located in
Berkeley, California dedicated to the preservation and dissemination of
historical audio, video, and documents about progressive movements and
culture from the 1960s to the present.

The grant is given towards their prison justice work.

FRIENDS, FAMILIES & TRAVELLERS - £30,000

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 providing advice, advocacy and casework
services, an assertive outreach service and youth services to members of
the Traveller communities in West Sussex

GAIA FOUNDATION - £80,000 (£20,000 & £60,000 - £30,000 a year for 2 years)

Charity Number: 327412

The Gaia Foundation is a small, international organisation with 35 years’
experience accompanying partners, communities and movements around the
world to revive and protect bio-cultural diversity.

£20,000 grant is given towards the We Feed the UK Project
£60,000 (£30,000 a year for 2 years) grant is given towards Phase 3 of the
Seed Sovereignty Programme – dedicated to the restoration of a thriving and
diverse seed and food culture.

GRANVILLE COMMUNITY KITCHEN - £20,000 (£10,000 a year for 2 years)

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.

The grant is given towards developing a successful business model that can
grow their solidarity food box scheme membership and make it into a viable
social business.

This page does not form part of the statutory financial statements

Page 29

HAY PRIDE - £15,000

Hay Pride is the only LGBTQ+ organisation in the area and as well as having
organised the first ever Pride event in Hay-on-Wye they have also
facilitated events for the LGBTQ+ community to attend throughout the year.
The grant is given towards core costs.

HEALING JUSTICE PROJECT - £20,808.09

Charity Number: 501©3

Founded in 2015, Healing Justice is a national nonprofit that utilizes
restorative justice and legal reform strategies to address and prevent the
harm caused by system failures that result in wrongful convictions. They
focus on the widespread human toll of these injustices through individual
and community engagement to make sustainable improvements in the system’s
response to those it is meant to protect.

This grant is given as core funding.

HETRICK-MARTIN INSTITUTE - £ 39,982.70

Charity Number: 13-3104537

Since 1979, HMI has offered unparalleled wrap-around support to LGBTQIA+
youth by providing case managers, counsellors, crisis- intervention staff,
and peer-support to all of our youth members. These young people also have
access to the full array of programs and services HMI has to offer, free of
charge, including Mental Health and Wellness, Education, Workforce
Development, Basic and Emergency Needs, Advocacy and Capacity Building
training and Street Outreach.

This grant is given towards funding HMI’s full-time LGBTQIA+ Youth
Bereavement Counsellor for one year.

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 to support their core costs.

INNOCENCE PROJECT NEW ORLEANS - £23,885.92

Charity Number: 501 3 (c)

Innocence Project New Orleans (IPNO) is the only organization fully dedicated
to freeing the innocent and wrongfully convicted in Louisiana. In addition
to winning their clients’ freedom and reuniting them with their loved ones,
IPNO also supports them in their transition to freedom and help them rebuild
their broken lives.

The grant is given towards core costs.

INSTITUTO WELIGHT DE INOVACAO SOCIOAMBIENTAL - £60,500

Charity Number: (CNPJ in Brazil): 23.889.302/0001-68

IWIS is a private, non-profit association, which aims to promote the
defence, preservation and conservation of the environment, sustainable
development, social work, culture and free education, in particular through
developing, enabling and/or supporting actions in such areas

The grant is given as core funding to support the Voo Da Vespa team’s wages
and other programme costs.

This page does not form part of the statutory financial statements

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KILN THEATRE - £30,000

Charity Number: 276892

Kiln Theatre is situated in the London Borough of Brent and is a local
venue with an international vision and reputation, presenting the world
through a variety of lenses.Their mission is to amplify ignored voices
and foster a sense of shared humanity. They believe that theatre should be
for all.

The grant is given as funding towards core costs.

LOMBARD LAW - £36,197.12

Lombard Law’s primary aim is to provide legal services with integrity and
respect and current activities include alternative dispute resolution
relating to Indigenous land claims, Indigenous governance, litigation and
negotiations etc.

The grant is given towards legal costs involved for evidence gathering for
the Upper Similkameen’s Statement of Claim.

LOUISIANA STOP SOLITARY COALITION (LSSC) - £24,083.24 (over 2 years)

LSSC’s primary aim is to advocate for the end of solitary confinement in
Louisiana, especially for vulnerable populations such as individuals with
serious mental illness. They believe that solitary confinement is a cruel,
inhumane practice with long-lasting psychological effects, and its
elimination is crucial for the well-being of incarcerated individuals and
the overall health of their communities.

The grant is given towards core operational costs.

MISCARRIAGES OF JUSTICE ORGANISATION - £30,000

Charity Number: SC033820

Since 2001 Miscarriages of Justice Organisation (MoJo) has provided
essential support and assistance to victims of miscarriage of justice.
This is a vulnerable group whose vulnerability is exacerbated by
stigmatization, isolation, dispossession and injustice. It is a group
whose needs are almost entirely unmet by state provision, from which they
are largely excluded. MoJo’s broad objective is to successfully
reintegrate their wrongfully convicted clients to their families, and to
reintegrate them, and their families, to wider society.
The grant is given £25,000 towards their Advocacy & Legal Education
services and £5,000 as restricted funding to be used for some strategic
fundraising support.

MY SISTERS’ HOUSE - £40,000 (£20,000 a year for 2 years)

Charity Number: CIO 1188070

My Sisters’ House is the only Women’s Centre in West Sussex, primarily
operating across Arun and Chichester. With two hubs, the main one in Bognor
Regis, and the second in Chichester, the charity is the only agency in West
Sussex supporting women with multiple disadvantages, and offering wrap-
around support, specialising in medium-risk domestic abuse cases, alongside
welfare and wellbeing needs (often these things are intertwined).
The grant is given as unrestricted core funding.

This page does not form part of the statutory financial statements

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OUTSIDE IN - £30,000

Charity Number: 1171128

Outside In (OI) aims to create a fairer and more inclusive art world by
providing a platform for artists who find it difficult to access the art
world due to health, disability, isolation or social circumstance.
The grant is given towards the core costs of running the charity.

PACIFIC PRIDE FOUNDATION - £39,661.23

Charity Number: 501(c)3 No. 95-3133613

Pacific Pride Foundation offers a dynamic range of health, social services,
youth, education, outreach, and advocacy programs that support the needs of
LGBTQ+ individuals across race, gender, age, sexuality, religion, and
socioeconomic status - serving over 6,000 individuals each year.

The grant is given to support general operating costs, specifically staff
salaries.

PEOPLE’S PALACE PROJECTS - £10,823

Charity Number: 1085607

People’s Palace Projects (PPP) has been committed to addressing social
injustice and promoting change, locally and globally, through the power of
culture and the arts for over 24 years.

The grant is given towards the ECHOES Indigenous Film Festival, 19-21 May
at the ICA + Aislan Pankararu Indigenous artist-in-residency in London
(May-June 2023) + side events (15-18 May)

PLATFORM LONDON - £15,000

Charity Number: 1044485

Drawing on Platform’s unique 40-year history, their team of campaigners,
researchers and artists are working across the UK to transform the

political, cultural and social conditions in which polluting industries
operate.

The grant is given towards the development of a community-led arts
installation, envisioning the kitchens and corner shops of the future.
These installations will engage members of the local community in imagining
a large-scale, community-led food system, led by care, abundance and
justice.

PRISONERS’ EDUCATION TRUST - £20,000

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 provided
over 45,000 educational awards, and continue to work with nearly every
prison across England, Wales, the Channel Islands and the Isle of Man
The grant is given £10,000 towards distance learning courses and £10,000
towards core costs.

This page does not form part of the statutory financial statements

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PROJECT LIGHTHOUSE - £24,000

Project Lighthouse aims to offer digital trauma-informed therapeutic support
for female survivors of domestic abuse and child removal (usually through
the Family Court). They have designed a support model which offers mothers
up to 18 months of group support ( maximum of 7 mothers in each group)
facilitated by a trauma-informed regulated therapist.

The grant is given towards the pay for therapists to facilitate group
sessions and core costs.

REPRIEVE - £25,000

Charity Number: 1114900

Reprieve aims to end the death penalty and eradicate extreme human rights
abuses committed under the guise of ‘counterterrorism’ or ‘national
security’. They work towards these aims through taking on urgent individual
cases that hold potential to achieve broader, systemic change; and through
delivering pragmatic strategic interventions that chip away at systems of
injustice to, over time, bring about their collapse. Underpinning this work
is their strategy of combining investigations, litigation and campaigns to
force change.

The grant is given as core funding, to help power Reprieve’s work fighting
the death penalty and extreme human rights abuses such as torture,
arbitrary imprisonment, extra-judicial killing.

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:

The grant is given towards their project which seeks to catalyse system
change within the Family Courts in respect of its treatment of women
survivors of domestic abuse who have had or are at risk of having their
children removed from their care on the basis of allegations of so called
‘parental alienation’.

ROOM TO HEAL - £32,000 (£16,000 a year for 2 years)

Charity Number: 1128857

Room to Heal is a frontline human rights charity. They support over 100
adult refugees and people seeking asylum who have survived the horrors of
torture and trafficking. Their aims are to help survivors heal from their
traumatic experiences and restore meaning to their lives; and help them
overcome their significant practical challenges.

The grant is given as unrestricted funding towards their holistic programme
in 2024 and 2025.

SHELIA MARYANN LAWRENCHUK - £5,034.30 (Two tranches of £2,517.15)

Shelia is working with the Hereditary Chief of the Upper Similkameen Indian
Band (USIB), Christine Allison, and colleagues to support the USIB justice
campaign. By pursuing this justice campaign there is the potential to
benefit all first nations in Canada by setting a precedent for the correct
application of aboriginal rights.

The grant is given towards admin support and legal strategy support.

This page does not form part of the statutory financial statements

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SOCIAL CHANGE NEST (FARMING THE FUTURE) - £50,000

SCN exists to remove the barriers that prevent people from creating change.
Their mission is to provide an impact-led fiscal hosting service, grant
distribution, grant management, capacity building and infrastructure
support to changemakers around the world.

The grant is given towards the Farming The Future 2024 pooled fund.

TRAVELLER PRIDE - £10,000

CIC 13677451

Traveller Pride aims to provide direct support, community spaces and
representation/advocacy for LGBT+ Travellers within the UK. This is not as
‘siloed’ as this, as they also provide support/advocacy on generic
Traveller issues rather than only ‘LGBT+ Traveller issues’.

The grant is given as core funding to enable Traveller Pride to expand the
scope of their services and reach more beneficiaries.

UK GRAIN LAB CIC - £51,500 (£11,500 in October 2023 & £40,000 in March 2024)

UK Grain Lab was established to create an imagination space for redesigning
grain economies in the UK.

£11,500 grant is given towards establishing an Irish Grain Network – to
formalise the work done voluntarily during 2022, and push forward with the
purpose of building a more resilient grain economy in Ireland.

£40,000 grant is given towards cost of employing a project lead for the
Diverse Cereal Seed Project.

UNIVERSITY OF LONDON – MULTIMEDIA ANTHROPOLOGY LAB £7,550

The UCL Multimedia Anthropology Lab is a research unit that aims to develop
innovative methods for research practice. By exploring non-textual forms of
communicating academic research they develop new methods of public
engagement and community collaboration.

The funds are given to support a one week residency for the team at Monom
4D Sound Studio in Berlin to develop a creative composition of archival
sounds that can be used in subsequent immersive exhibitions around the
world.

VAVENGERS - £15,000

Charity Number: 1184202

The Vavengers exists to support survivors of FGM/C and all other forms of
VAWG and also to end all forms of VAWG. They have three key areas of
operation: direct support, national campaigning, education. As a survivor-
led organisation, they understand they cannot be only a service provider
without also creating systemic change. Their direct support services are
pop-up support & wellbeing hubs for women and girls.

The grant is core funding towards the salary of the Campaigns and
Communications Manager

This page does not form part of the statutory financial statements

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VOICE OF THE EXPERIENCED (VOTE) - £4,643.77

Charity Number: 501(c) 3

VOTE is a membership-based, Louisiana-based non-profit founded and directed
by formerly incarcerated and criminally convicted people. VOTE works to
retain and restore the constitutional and civil rights of people impacted by
felony convictions.

The grant will be used to support Robert King, one of the former Angola
Three prisoners, over twelve months to achieve financial stability,
improved health and mobility.

WALES FARMING CLUSTER (Black Mountains College) - £29,500 (£15,000 in July 2023 & £14,500 in March 2024)

Charity Number: 1180681 – Black Mountains College

The Black Mountains College’s mission is to ‘teach the future’ and prepare
people for an era of ecological and social disruption. They do this through
three strands of education: short courses, further education and higher
education all geared towards promoting climate action, climate adaptation
and climate justice.

The grant is given towards the costs of a facilitator for the Wales Farming
Cluster Project.

WHOLE WOMAN’S HEALTH ALLIANCE - £23,989.62

Charity Number: 501(c) 3

Whole Woman’s Health Alliance (WWHA)’s mission is to strategically shift
the stigma around abortion in today’s culture, foster open and honest
conversations, lift up all communities and transform the abortion care
environment. WWHA leads powerful stigma eradication, culture change and
community education work. Rooted in and informed by direct services work,
WWHA delivers high quality abortion care in its clinics in Charlottesville,
Virginia; and Bloomington, Minnesota.

The grant is given to support to support WWHA’s goal of helping people from
US states that ban or severely restrict abortion attain reproductive
healthcare in its clinics in Virginia or Minnesota, states which have
greater protections for abortion care. General operating funds will be
directed, as needed, towards the operation of the WWH of Charlottesville
and WWH of Minnesota clinics. Support will help serve patients not only
from Virginia and Minnesota, but from across the South-eastern and Midwest
regions of the United States.

This page does not form part of the statutory financial statements

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