Company Reglstration No.. 4585197 Charity No.. 1096454 THE SAINSBURY ARCHIVE ANNUAL REPORT AND FINANCIAL STATEMENTS 31 MARCH 2022
THE SAINSBURY ARCHIVE {A Company Limited by Guarantee and a Registered Charlty) 31 MARCH 2022 CONTENTS PAGE Rcport of the Trustees stst¢ment of Thtstees. Responsibilities for the Financial Statements Independent Exatnit)er's lietKTrrt Statement of Finan¢ial Activities Balance She¢t Notes to the Accounts 10-14 R¢F4)rt arml AtttyJnts-31 MArcb 2q22
THE SAINSBURY ARCHIVE IA Company Limited by Guarantee and a Registered Charity) 31 MARCH 2022 REPORT OF THE TRUSTEES al and Administrative The Sainsbury Archive was forn]ed as a company limited by guarantee on 8 November 2002 by a Memorandum of Association. The company registration number is 4585197. The company is incorporated in the United Kingdom. The cornpany w&s registered with the Cbarity Commission on 11 Mah 2003. The charity registration number is 1096454. The Charity is registered in EnglaDd and Wales. Trusteesl Directors Jon Hartland Timothy Fallowfield Mark CJiven David Hay Francesca P¢in Judith Portratt Alex Sain8bury Mark Sain8bury Chairman CompaDy Secretary Timothy Fallowfjeld Reglstered Offiee 33 Holborn London ECIN 2HT Bankers Royal Bank of Scotland 119-121 Victoria Str¢¢¢ London, SWIE 6RA Solleltors Portrait Solicitors (Up to 3110712022) 21 WhitefriaTS Street, London EC4Y 8JJ BDB Pitmans LLP (As from 0110812022) l Bartholomew Close, London ECI 7BL Independent Exsmfiner Noelia Sean0, FCA Sayer Vincent LLP, Invicta House, 108-114 Golden Lan¢, London ECIY OTL Objects and Activities The object of The Sainsbury Ah1ve is to advance education for tbe public benefit by collecting, maintaining and displaying items and documents relating to the history of J Sainsbury plc and the family of John James Sainsbury. Organisation The Trustees meet regularly. Day to day maintenance of the fjnancjal records of the Charity is carried out by the Sainsbury Family Charitsbl¢ Trusts. office at Th¢ Peak, 5 Wilton Road, London SWIV Report and A£rounl$- 31 Marth 2022
THE SAINSBURY ARCHIVE IA Company Limited by Guarantee and a Registered Charlty) 31 MARCH 2022 The TnLStees present their report and the unaudited financial statements for the year ended 31 Mwh 2022. The reference and administrative infornmtion set out on pag¢ 2 forn part of this Teport. The fLnancial statements comply with current statutory requirements., the memorandum and articles of association. the requirements of a directors, report as required under company law, and tpe Statement of Recommended Practice - Accounting and Reporting by Cbarities: SORP applicable to charities preparing tbeir accounts in accordance with FRS 102. Review of the Year and Future PIAn8 Th¢ Charity continued to fulfil its objectives as outlined above. As a result of the Covid-19 pandemic, th¢ physical archive was not accessible to the public for the first few months of the 2021- 22 financial year. although access by t¢achers, students, acad¢mi¢ researchers and memb¢rs of the public via the website continued. Despite the impact of the pandemic, it was a successful year for the Archive and a numbcr of proj¢ots w¢r¢ progress¢d in addition to the ongoing digitisation work. Th¢s¢ included three new oral history interviews, a scoping exercise to find mat¢rial relating to African, Caribbean or Asian staff within the coll¢ction and the writing of a Digitsl Pr¢s¢rvation Strategy. It was also a good year for the Archive's outreach work, with 8taff giving remote talks to a Datio4al audience, including onc hosted by the National Archive and presenied al the annual Business Archive Council Scotland conference. In addition, the Archive added 3421 Dew twitter followers and created an Instagram account to bolster its social media work. The Archive's web resources attract substantial numbers of visitors. the digitis¢d JS Journal collectlOD provides a valuable historical sourc¢, and selections from the pap¢r. audio. film and video collection have been trnnsferr¢d to a digital forn]at. both to preserve them and to make them more accessible. The online ¢8tslogue now makes it possible to access more than 90.000 catalogye descriptions and digital imag¢s from the Archive. Due to the multi-year agreements in place with all of the Archive's current fi)nd¢r base, it is not expected that the epidemic will have a la51ing ¢ffe¢t on the financial situation of the Archive. Discussions are continuing on moving the Archive to the new Museum of London site at Smithfield's, which is expected to open by 2026. The above report has been prepared in accordance with the spe¢ial provisions of Part 15 of the Companies Act 2006 relating io small companies. Chari and Public Benefit The Trustees are aware of the Charity Governance Code, as updated in 2020. which sets out th¢ principles and recommended PTactice for good governance within the sector. The trustees reco8niFe that a commitment to meeting the charity's public benefit is an ongoing requirement and have dye regard to it. The Charity h&s reviewed its governance arrangements against the principles within the code and beli¢v¢s that it is compliant with the Code whilst maintaining its n¢cd to operdle governance cffici¢ntly. Rcport atsd Attounts-31 Match2022
THE SAINSBURY ARCHIVE IA Crynpany Limited by Guarantee and a Registered Charity) 31 MARCH 2022 The Sainsbury Archive, which is open without charge, is visited not only by the public generally but also by students, t¢achers and other academic researchers interested in Britain's food retailing heritage. The Archive, as referred to elsewhere in the Trustees, Report, provides an invaluable insight and educational resource into tbe way in which retailing and shopping habits have chang since the mid-19th century, as well as providing valuable information on the nation's eating habjts over that period. and to that extent it is unique. Not only Gan the Archive be visited. but there is on- line access to the Arcbive catalogue, the JS Journal collection and an extensive website. Access to the website can be found at www.saiDsburyarchive.org.uk Risk Assesslnent The Trustees have exarnined the major strategic, business and operational risks to which the Charity may be exposed and systems are in place adcquate to meet such potential risks as the Trustees have identified. The Trust¢¢s continue to be vigilant and to keep processes under r¢view. The Trustees identified the willingness of funders to continu¢ their support to constitute a significant risk. This is mitigat¢d by ongoing review of financial for¢casts and the confinnation of support by the key donors over several years. A fillther significant risk is the pbysical risks to the materials in th¢ Archive (from fe, theft etc) wbich is mitigated by housing the Arcbive ID tbe Museum of London, with reliance on the Museum's infrastructure and procedures. Representatives of the Museum of London attend trustFe meetings to address any concerns which may arise in this area. Reserves and oin eoncern Reserves are hcld to facilitate tbe smooth running of the Archive and the Trustees aim to maintain a level that, with known income flows, will sufficiently cover curr¢nt and future exp¢nditure. The Trustees review the reserves policy annually and are satisfied that ihis policy will continue to enablc the Archive to meet its obligations as they fall due. At the end of the year, free reserves totsllfd £213,915 (2021: £180,032). There are no material unccrtainties about the knhive's ability to wntinue as a going concern. FIDv4n¢ial Revlew The net surplus for the year was £33,883 (2021: £81.746) which, when added to the brought fonvard surplus of £180,032, r&sulted in a sury)lus on unrestricted reserves of £213,915 at 31 March 2022. Grants received in the year comprised £104,948 (2021: £129,036) from J Sainsbury plc and £180,000 (2021: £180,000) from the Sainsbury Family Charitable Trnsts. Details of individual entities are listed in Note 4. ointment and Trainin of Trustees Article 27 of the Articles of Association sets out the minimum (three) and maximum (currently eigbt) number of Trustees and the nomiDation of Ttee provisions. Article 38 of the Articles of Association states that tbe Trust¢¢s may appoit]t a pcrson who is willing to be a Trnstee, either to fill a vacancy or as an additional Trustee, provided that the appointment does not cause the number Report and ALfOUDl$- 31 Mareh 2022
THE SAINSBURY ARCHIVE (A Company Limited by Guarantee and a Regislered Charity) 31 MARCH 2022 of Trustees to exceed any number fixed in accordance with th¢ Articl¢s as th¢ m&ximum number pf Trustees. Training is given to new Trustees as necessary. Re atvj A¢¢ounts-31 M8rcb2P
THE SAINSBURY ARCHIVE IA C(Mnpany Limited by Guarante6 and a Registered Charity) 31 MARCH 2022 STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YfNANCIAL STATEMENTS The Trustees (who are also DirectOTS of The Sainsbury Archiv¢ for th¢ pury)oses of company law) are responsible for preparing the Trustees, annual rcport and the fuwicial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accept¢d Accounting Practice). Company law requires the Trnstees to prepare financial statements for ea¢b financial year which give a true and fair view of th¢ state of affairs of tbe charitable company and of th¢ incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statemcnts, the Trust¢¢s are required to: Select suitable accounting policies and then apply them consistently Observe the methods and principles in the Charities SORP Make judgements. and estimales that are reasonable and prudent State whether applicable UK Accounting Standards and statements of recommended practic¢ have been followed, subj¢ct to any material departures disclosed and explained in the fman¢ial statements Pr¢par¢ th¢ fmancial statements on the soing concern basis unless it is inappropriate to presume that the charity will continue in operation The Trustees are responsible for keeping adequate accounting records that disclose with rcasonablc accuracy at any time the financial position of the charitable company and enable the to ensure that the financial statements. Lomply with th¢ C'ompanies Act 2006. They are also responsible for safeguarding the assets of th¢ charitable company and hence for taking Teasonablf steps for the prevention and detection of fraud and otb¢r iTregularities. The truslees aTe responsible for the maintenan¢¢ and integrity of the corpordte and financial infomiatlOD includ¢d on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of fitw)cial statements may differ from legislation ip other jurisdictions. Approved by the Board on I l October 2022 and signed on their behalf by: Acting Chairnlan Tim Failowficld Report a] Accounts-31 M¥th 2922
THE SAINSBURY ARCHIVE IA Ccffipany Limited by Guarantee and a Registered Charity) 31 MARCH 2022 INDEPEIWENT EXIMLNER'S REPORT TO THE TRUSTEES OF THE SAINSBURY ARCHIVE I report to the trnstees on my examination of the accounts of The Sainsbury Archive for the year ended 31 March 2022. This report is made solely to the trustees as a body, in accordance with the Charities Act 2011. My examination has been undertaken so that I might state to the trustees those matters l am requir¢d to state to them in an independent examiner's report and for no other purpose. To the fullest ¢xtent pennitted by law. I do not accept or assume responsibility to anyone other than the charity and th¢ trustees as a body, for my examination, for this report, or for the opinions T have fom)ed. Responsibllltles and basls of report As the charity trustees of the Company you are responsible for the Preparation of the accounts in accordance with the requirem¢nts of the Companies Act 2006 ('th¢ 2006 Act,). Having satisfied myself that the accounts ofthe Company arc not r¢quir¢d to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charlty's accounts carried out under s¢ction 145 of th¢ Charities Act 2011 ('the 201 l Act,) and iti carrying out my examination I have followed all the applicable Directions given by th¢ Charity Conunission under section 145(5)(b) of the 2011 Act. Independent examiner's statement Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirnj that l am qualifi to undertake the examination because l am a member of the Institute of Chartered Accounts in England and Wales, wbich is one of the listed bodies. I have complet¢d my examinatiot). I confirni that no material matters have come to my attention In connection with the examination giving me cause to believe that in any mat¢rial respect.. l. Accounting records were not kept ill respect of the Company as required by section 386 of the 2006 Act- or 2. The aount5 do not accord with those records" or 3. The accounts do not comply with the accounting requirements of section 396 of the 2006 Act olhcr than any requirement that the accounts give a 'true and fair view, which is not 4 matter considered as part of an ind¢pendeDt examination. or 4. The accounts have not been prepar¢d in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by chariti¢s. I h(Ive no conG¢rns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed.. 17 November 2022 Name: Noclia S¢rrano. FCA Address: Say¢r Vincent LLP, Invicts House, l 08-114 Golden Lane, London, EC IY OTL Dale: Rep( ll1 Acco1$-51 Match 2F2
THE SAINSBURY ARCHIVE (A Company Limited by Guarante& and a Registered Charity) 31 MARCH 2022 STATEMENT OF FINNNCIAL XTIVITIES FOR THE yER ENDED 31 M*RCH 2022 Unrastricted Funds 2022 Unrestricterf Funds 2021 Notes IncoTh: Grants receivable 284.948 309.036 Interest and other income 29 188 Total Incon 284.977 309.224 Expendlture: Expenditure on charitsble activities 251.094 227,478 Total expenditure 251,094 227,478 Net Incom8 and net rrK)vemgnts in funds for tha yaar 33,883 81.746 Reconclllatlon of funds Totsl funds brought foDNard 180,032 98,286 Total funds carried foNard 213,915 180,032 The statement of financial actiwties includes all gains and losses reccgnised in the year. Al income and expenditur8 derives from continuing activities. All income in the current and prior year was unrestricted. Report and A(thunts- 31 March2022
THE SAINSBURY ARCHIVE IA Cownpany Limited by Guarantee and a R8gist8r8d Charity) 31 MARCH 2022 BALANCE SHEET AS AT 31 MARCH 2022 COMPANY REGISTRATION No 04585197 Notes 2022 2021 FIXED SETs Tangible fiytsd assets CURRENT ASSErs Oebtors 50,000 242.733 292,733 Cash at bank and in hand 343,266 343,266 Total Current Assets LIABILITIES Credltors- amounts falllng due wlthin l year (129,351 } (112.701) Net Curront A810ts 213,91 S 180,032 NET PSSETS 213,915 180,032 The funds of tho charfty: Unr8slricl8d income funds 213,915 180,032 TOTAL CHARITY FUNDS 213,915 180,032 The opinion of the Trustees is that the company is entitled to the exemptions conferred by Sectlon 477 of the Companies Act 2CQ6 relating to small companies. The Trustees acknowledge the following responsibilitsas.. (il The members not required the Gompany lo ijbtaln an audit of its accounts for the year in question In accordance with section 476 (11> The Trustees acknowledge their responsibilities for cofflplying wlth the requirements of the Act with reSpt lo arKounling r8cords and the preparation of accounts Approved by the Trustees on 11 October 2022 and signed on their bèhalf by. Acting Chainna Tim Fallowficld The notes on pag8s 10 to 14 form part ofth8se accfAJrrts. Report aod ACts-3[ M¥J¢h 2022
THE SAINSBURY ARCHIVE io IA Ccffipany Limited by Guarantee and a Registered Charity) 31 MARCH 2022 NOTES TO THEXCOUNTS 1. STATUTORY The charity is a company limiled by guarantee (registered number 04585197), which is incorrK)rated and domiciled in the UK, and is a public benefit entity. Th8 address of lh8 registered office is 33 H01tm, London, EC1 N 2. I KCOUNTING POLICIES The principal accounting policies adopied, jLKkJments and key sources of estimation uncertainty in the preparation of the financial slatemants arg as folk)ws'. a) Basis of preparatlon The financial statements have Ixen prepared in accordance with kcounting and Rep)rting by Charities: Statement of Recornmended Practice applicable to charities preparing their accounts in acc(Kdance with th8 Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021, the Flnanclal Reporting Stsnd8rd appIae in the Unlted Klngdom and Republic of Ireland IFRS 102). the Charltles kt 2011, the Companl8s kt 2006 arKI iA< Generally kcepted PrliCe. The finarla1 statements have been prepar&J to give a Inje and fair and have departed Irom the Charllles {ALcounts and Repts) Regulatlons 2008 only to the 6xt6nt requlred to kyovide a 'true and fair view,. This departure has involved following Accounting and Reporting by Charllles preparing their acccunts in accordance wlth the Flnanclal Repordng Starard appllcable in ts UK and Republlc of Ireland IFRS102) rather than the kcounting and Reporting by Charities: Statement of R8comm8nded Practlce effectfve from 1 April 2005 whlch has slnce b88n wlthdrawn. The Sn$bury thhive Meets the definltbn of a publlc benefft enw under FRS 102. In the vth of the Trustees, there are no mat8rial uncertalnti88 caSng doubl the going concern of the chaiity. Havtng assessed the Trusfs ffnancial position aml Fdans for the foreseeatAe future. the Trustees are satisfied that it remains appr¢Jpriate to prepare the financial stalem8nts on the going concorn ba51S. b) Inconlng rosourcos kncome is recognised when the charity has entitlemenl to th8 funds. any perfomiarKe conditions attach8d to the income have been mel, it is probable that the income will be r*8ivod and that the amount can be measured relably. c) Expendlture on charltable actIvIt8 EWltUre Is recognised once there is a legal or constructive obligatK)n to make a payment to a third paty, tl is probable that setttement will be required and the amount of the obligatK)n can be measured reliably. Thè Trustees consider that the collection, maintenance and dispiay of items and documents relating to the history of J Sainsbury plc and its tradin9 aCtiS is th8 Charity's sde charitable actswty. R¢wn ond Ac¢owJts-31 Marcb 2¢122
THE SAINSBURY ARCHWE IA Company Limited by Guarantee and a Registered Charity) 31 MARCH 2022 NOTES TO THE cOuNTs (continuèd) d) Deprnclatlonlflxod assels Depreciat costs are allated to actiwties on the basis of the use of the rdated assets in those activities. Assets are revlewed for impaimient rf oircumstancès indlcate their carrwng value may exceéd thelr net realisable value and value in use. val components are treated as a separate asset where Ihey have signrficanlly different pattems ol consumption of èconomic benefts and are depreciated separatety over its useful Ilfe. Fixed assets compris8 compLrter equipment and are depreciated over 3 years. A%sets are capttalbsed where the purchase wices exceeds £2,500. o) Flnanclal Instrun*nts The charity has financial ass8ts and financial liabillties of a kind that qualify as basic finanqial instruments. Basic financial instrum8nts are initially recognised at transaCtn value and subsequently Measur at amortiswj cost using the effective instnjment methL>J. Financial assets held at amLYtiS8d cost comprise cash at bank and in hand. Financial liabltieS hdd at amortised cost comprise accruals. At th8 balance sheet date, the charty hdd financi81 liabilibes at amortised cost of £129.351 12021.. £112,701). f) Ca8h and cash oqulvalonts Cash at bank and cash in haTrJ irKludès cash and shcrt term highly liquid inveslm8nts with a short maturity of three months or less from the date of acquisition or openiThJ of the deposit similar Bccount. g> Debtors Trade arKJ oth8r debtors are reco1$& at th8 S8tt1em8nt amount due after any tra¢e dlscount offered. h) Credltors Creditors are recognlsed where the charity has a pres8nt obligatbn r8sultlng from a pgst event that will wobably result In thè transfer of fijnds lo a thlrd party and the amount due to setue lh8 obligan can be measured or estimated reliably. Creditors are nomqlly recognised at their settlement amount after allowing for any trade discounts due. Retth and Accounts-31 March 2P22
THE SAINSBURY ARCHIVE 12 (A Company LSmiled by Guaran188 and a RegStered Charity) 31 MARCH 2022 NOTES TO THE cOuNT5 (continued) l} Herftage assets The Charity has collected assets related lo the history of J Sainsbury rAc and its trading activltvas, which are being di$aYed at the Mjseum of London. ArtiCS held by th8 PKchive Include examtAes of hisloTical packaging, siqnage. photojraphs, customer magazines 8nd other physical examples of the day to day activitS of the runniro of Sainsbury stores and hs interaCtiC with Ihe pu. Other expIeS also include first hand accounts of the eyperiences of staff members. Customer mag8z¥)es marf(etirg materid. The Archive also documents rdat8d to the operations of Sainsbury c, including historlc81 cpol8t8 inform8tvJn, financos. di5thbullon nehv¢Nks and branch files. A full list of thé categories under which artlcles cLassrfd can fouThJ V4WW.8ainsburyarchive.org.uklcalaltrJuelexplore. C08t is associated with th8 collecllon and the cost of valuing items 18 consltjered to bo onerous. The assets are coThsidered lo b8 of historical Interest bul have no realisa1e value, and the has no intention at any time in th8 future to sell the collectic. Therefore r value i8 r8flect&J in the ChaTWs balance she8t J) In¢omb Tax The charity Is exempt from tax orne and gains falllng wlthin $¢¢11 505 of the Taxes 11988 or S•¢tknn 252 of the Taxatlon d ChargeatAe Gains kt 1992 to the extent that these are appled to Its charitable objects. k) Crltlcal accountlng Judg•m?rbts and koy sources of estlrnatlon uncortalnty h the aFf4ication of the ¢harfVs accounOrYJ tdScle8. which are descdèed aVe, TnJsle8s are required to make judgements, estimatss and assumptions atrul the carrying values of assets and liatslilies that are not readily apparent from other sources. The esumates and undeWTrJ assumptions are b8sed on hlstorical exFerience and 0th8T faGth that are C(9hJer8d to be relevant. fvLlual results may drffer from these e8fjmates. The estimates and undedwng assumptions ar8 r8vi8w8d on an ongoing basis. ReVisiS lo accruitng esllmales are recognised In the perth in whlch the e5mate is revised If the leSIOn affects onty that Feriod, in th8 period of lh& re$10 and futur8 p8ric%Js rf the remsion affeGts the current aTrJ fvlure p8nlS. h Ihe vmv of the Trustees, no aSsumponS concemlng the future or estlmatlon uncert8inty affecting assets and liatxlities al the balance sheet dale likety lo result In a materk¥l adjustment to their COrJ amounts 6n the nexl financk91 year. 3. LEGPL STATUS 8) The company is limlted ty guarantee and has no sharg capital. b) The members uNJertake to contribute not more Ihan £10 9h rf raqred kn the event of a winding up of the company. c) The company 18 reglster&J Lmder the Ch8ritses kt 2011 and is In¢orporatsd In England and Wales. Rcport and Arounts- 31 Mtrth2P22
THE SAINSBURY ARCHIVE 13 (A Company Limited by Guarantee and a Registered Charity) 31 MARCH 2022 NOTES TO THE P£COUNTS GRTs RECEIVABLE Duriro the year, the Charity received grants from the fdlowing organisations- 2022 2021 J Sainsbury plc The Aan and Babette Sainsbury Charitable Fund The rOra Trust (previously The Ashden Trust) The Gatsby Charitable Foundation The Glass-House Trust The Headley Trust The Indigo Trust The JJ Charitable Trust The Linbury Trust The Vark Leonard Trust The Staples Trust The Tedworth Charitab18 Trust The Three Guineas Trust The True Colours Trust The Woodward Charitable Trust 104,948 129,036 s,0) 50,000 5,000 25,000 5,000 5,000 50,000 5,000 5,000 50,000 5,000 25,000 5, 000 50, 000 li 5,000 5,000 5.000 284.948 309,036 ANYsIs OF EXPENDITURE ON CHRITLE TIvITIEs 2022 2021 Direct cost8 Archive running costs New project costs 207.165 41,059 184,188 40,884 Support and governance costs Sundry expenses hdependent examination fee (4) 2,410 2.870 251,094 227 478 kndependent examirkqtion fee includes a £10 under accrual in the prior year (2021: £nil). Independent examination's remuneration for the year is £2.400 excluding VAT. The Charity employed no staff in the year (2021: nil) No Trustees received remuneration or were reimbursed expenses during the year 2021: nil Rewrt and Ac¢ounts-31 March 2P22
THE SAINSBURY ARCHIVE 14 IA Company Limited by Guarantee and a Registered Chartyl 31 MARCH 2022 NOTES TO THE AcCourS 6. TANGIBLE FIXED ASSETS Archivo Computor Material E ui ment Total Cost At 1 April 2021 arKI 31 March 2022 25 7,785 7,810 reciation At 1 April 2021 and 31 M8rch 2022 25 7,785 7.810 Net Book Value at 31 March 2022 Net Book Valua at 31 March 2021 7. DEBTORS 2022 2021 Ac¢ru8d income 50,000 8. CREDITORS 2022 2021 Accruals Independent examination fee 127,191 2,160 129,351 110,291 2,410 112,701 9. COMMITMENTS The Charity has a18gal agreement with the Museum of London Docklands to loan them the material of the Archive until 31 March 2023. 10.RELATED PARTY TRANSACTIONS Four of the TrusteelDirectors are also Trustees of the Gatsby Charitsble FOundaon, the Glass-House Trust, the Headley Trust, the Indigo Trust, the Linbury Trust, the JJ Charitable Trust, the Mark Leonard Trust, the Skples Trust and the Tedworth Charitable Trust. Amounts Included In Grants Rec8iwable for the year includ6s amounts from the organisations named above, as itemised in Note 4 to the accounts. Report and AVR1$- 31 m¢b 3022