2022-03-31-accounts

TrE LORD BAMFORD FOUNDAnOII FNN)ICiAL STATE￿NTS FOR THE YEAR ENDED JI MARCH 2022 Chrfty Rtykntr¥￿oTr Num￿rI￿OI￿o4 HOWS¢JN¥ (AUDIT & ASSUKWICE) LIMITED Ch#rtwr¥d R￿A￿t￿r1d

THE LORD BAfdFORD FOUNDATION Th boArtt Th• Bamlxd EL Laty Bamford OPE SEROvqns Ad￿nIo￿l￿r1￿d 4ddr•44 SGwn•tt uiiox•t•r stÈfvthh 8T14JJP wuns (Au¢W &AHur•Dr4JILlml•dV￿ HU￿Or0 R•gMlo￿dAuL1EUI ¥ViThion HOU•• Siokq Road StthfyoD.Tr•DI stlfknrdihwe ST4 2RW B•rdw Bink Pk 15 ktstkot Squir• siethrd SWordihkTè $T1626E L•¥d 16 I Chuthl P*• Lon E145HP J•m•i Himtmfy p•rfn•rnLLP 45 Pal LonJon SW1YDJG

THE LORDBAMFORD FIYJNDATKJN TRLISTEEY W4NUNL REPORT FOR THE VE•II ENDED 31 IAARCH 2¢22 7h•TNstq￿h￿•p￿uBllrO In •tAigm¢rni Ofth¢¢hffjbrb)ey￿?fithd 31 M¥( 2022. STATUTORY BACKGROUND 81(bn 102 Acl 2011 •Dd Th• (Acuunts ￿ R•portil R•Juht&Jni 2008 mHd• th•r•und•r r•què lh• TN•t￿ th wepwo, hi respe& d èaoTh year. reporf presL¥tsd Infa[malK￿ lo wbmt SUGh rerth io lh¢ Chofflty CommwM>n•T¥, h￿￿9 ott￿0￿ 10 monc4a16tabmontclrountsknrJu¢hfin4n&￿Yl1r Th• Illko ULUUntof S￿leMe￿oI ommqnthd p￿￿TICa wkBbl• to thqrfllg8 pr4p•rfw Ihwr th• R4PDthQ SIAn￿ra In UK d R•p￿￿kot I1￿4 puuwad In Odub•r2019. R£FERENCEA>4DADMINLIYKATNE NFORMAI#)N Thn•mfj Thq Lryd B•rnlDrd F(wd•ikni. nurrkn•rh 11r￿004. ThochtVBprtndpqladdteMls Roce8bi, umxoior. SLifford•hh ST14 SJP. Ih•TNth who Ih•yMiw4r• Th•￿￿ DL L•tye•mforJ OBE 8EROv•ni Ih•ehrttywa64dMk￿Bt•[￿dty D G fvm•rt. STRUCTURE, QOVERW4CE AND MANAQEMENT 7h•¢hartty￿l••w￿l1hfj¢ by 4 d•d•rnlon oll1u•tth￿d 17 6•piwrthoi 2004 Io Bn ￿nIr￿￿ta￿a￿7O￿10ffl. Ih• polwr of qppolnikno new Truil••l M v￿1•d TrulBB¥. on b•th of to th• •d•qL¥t• trthlngwouhybo ptOYbJod,h•ro Wu4￿J. Ihe TMio•8 hiv• th• duty In McJn 171tsi of th• CMtttLu N£t 2011 to h•W ¢kW to th• puVAknd by lh• C￿1 CornrnthBb Th• TDJ•h•• on • fwr b•l. A•4ul ltsl ••¥•t•nM • Wnld•f•d by lh• TnAlo•• •nd •PPmY•O On•foTh41 Truth•¢ h•￿ ••th y••r. Th• TvJ•t••• hw• •xmln•O m• mior •¥•io, IP•￿￿1 r FwndDtknn f•llw Ind ••W•ff•d th4t ￿•t•￿e w• rolo •wwr• ioth• mI￿r￿0. Q?JE¢TIWES AND ACTNirr￿s FOR THEPUVSW 8eNeFIT Ih•obJKifv•8 01th• 4f• to prOmo￿ord•V9￿p b¥￿￿oI1h pJbk th• ¢d•nM•fwth•rdul•ngh••thg In 4nd hi rw•arth thereof, Imit411oni to flnn¢w la bad•i. |niiiuibDI, IM1v￿U￿1 ai fNt•b ITh￿￿ rrt,. lo fjuppon fund ¥UGh objottwi kn 8u¢h mwD&i w Ihe TAthieèi thin ri. Ind to p￿rnD￿ olh•r putPO￿ •ithA Tfull¥•• N. Th• TNIt••#Alm li 10 mAk4 irThiè its ippllranlBwhow lcllvll￿1 151Ihln th• m•gng of lh• i•rm in Engl￿ WA1. In tho1• 40 ffl4• r4Jdlu of Roetsilw olm li •ahl4v•d by tsy lo r•g￿•1￿ f•r $¥¢t4rw. SuLKgsth1 plkBnts Brn f•￿￿￿d ts 4Amonw•i• to thp Try•t¢g1 th4t thg rpc4t ol thg or4ni i• wlKd M•￿￿¥￿ry to Ih•m t l thali ob18crfv￿ 11 TN6iee•' Ma￿ ob￿¢11¥• •4th ￿￿T. w 14r •• io ￿1 4f th• lThGomB foi y•arfor purpw••. To the ￿ent1hIttht Incomt Il nQtwfnuDnl In any year. Ih•TruLt￿￿ffl￿Y mBkèdpno1h)nUtromu￿U￿1 Ihe F￿nd￿kn.￿ olkndhqls an iDDu•l donwion rf£3fy).000 ferATrea tTom 4 Twthè, Th• Lofd 8mI￿troL. I¥￿￿ 11 th• Tru•t¢¢• 47 M• •1gMd Ob￿￿v•1 1¢ ￿nt MI￿ Ind vAh rryprd to nni ho￿lnV T•iery•8, 4nd ¢ettknmèni ol I 4o¥•mc•c¢kti KEY Ai4tr41GENENT PER8ONNEL REMUNERAT￿N The ¢on•hl•rth• Bo¥d orTrnAt•4ts al thq P￿￿￿￿1￿1￿1 In th•rgo Dfdt•clw 4nd o)nimfmg thè 14frty and nd opw4IV thorfty on a day 10 rfay b946. Al fN4th40 havg im4 tr44ty #nd rtD truitq• rornunlltallon pqkn In Ihg year. ogtah ol truBtee BYgBnses potymi¥sth¥ In th¢b¥ed kn noteJ2JThJ 11 orthe r•¥p•rM¥.

THE LORD &4MFORD FQUNDATK) TRU¥TEES' ANNLIALAEPORT(￿thL￿1 FOA THE YFARENDED 31 PA4ReM2921 PUBL￿ BENEF IM FOUn￿￿Jn,S we for th• ètsr Wlig kn cThi¥dÉrthn to 9Pn?￿ pUb￿bed by Gbry Commlsthn. Tr4s Li Ilraugh flnBn¢kql 64)pon to • numb•r and wod cqu4•$. whth th• tho Found&knn Onè donknon 01È17.600 w•6 mqd•durwlhq y¥r12021."£4.6001. AAElnEWOF OUR ACfrIIEVEMENTSW40 PERFORIIPACE Tho TrualO0J qrg p￿￿•￿4 thqiths wrtfftwifof ChBntyconMug$to furth to m••ithob￿¢11veSO[lhe bYP￿￿￿nV ID furthkf Own Objthes Tr• ￿lD￿lI ithiqrn8nlB lhaw n ir￿0m0 of £315,288 Ind grants ￿rnmItted ITh the ytttr tota È17.SOO. Thè flmndol atawmeN4 a nèt on ￿¥￿lMor11 af 156.380 Th• wanl tsf £17.600 waj mqd• io Th• Plknum RESERVES POUCY Tr• FDund￿￿)n poltyol noi holdhig r•i•NM 1t Dp•rnt• on thè that l• •ppW kn mikkng 4rnni•. In th• •v•ntolthir• Incoffl•th inyy•rihls￿￿UbI b•av44Abforfvli4ri gr4n RISK M•24AGEAIENT Th• (w•PJ•r th• rtIW M•no•l to b• th• v•rf•Nty of ￿Um1. l• ￿lIll￿d knv#br•nt FI14M4C￿L REV Th•r• urmirhx•d FwA•Of£2.o26￿41l¢1heY•ur•nd.￿hh livknbl•lJrdithbutsThi Digrqni• Pl￿1•. PLAAS FOR FUTURE peRDDg ITh• FOund•in wdcom•• t•qU•¥Mftyr4Hw•no rtom QryAnliaknili Cthllid4r•oty th•TN•th•i In I￿r￿n￿￿￿￿t￿o urnni m•kkng pow. FUND8 HELD ￿ ¢U$TODWI YRU$TEt ON 8eHLF OF OTHERS Nth•fih•thtynoi•ny •noth•rth•ty. AUthTori$ A r•1￿1￿￿ iD r•woknt HMon• (Aud & A•winc•l Llmlqd 41 ￿￿¥1¥￿4 r¢t lh• y•w ￿ b• Pmpr￿•d 41 th• noxt of th• 3*n•d4n htTruth•Bty' SERO¥•n

LORD B￿0RD FOUNDATK¢PJ STATENENTOF TRUSTEES. RESPOP1S￿l￿Es FOR THEYEAAENDED 31 kilRCH2022 Th• teiporrfwknrprepvry theTvJtha8' Repon Bndtha fthan(4 ippkatl• Unlled Kkngdom ActtsjTh￿nl StsThda￿t1untsI Kknsylom WgmtyAcc•piedAccouthg PrA￿l¢I. Tho Iy Énund 4ndWtAD¥ rqqulNlhe 10 Pfepwe I￿1￿￿1•10[ y•¥rwtlGh • Iw• Ind IA Vlbw of the ￿￿te tsf ffavB Ct tharftrf qnts ol lh• ￿corniN and appkBikn ol Of ch5ty lor Ihat pomd. kn prdpqdng r￿￿CIAl tht•m¥nts. li• buitl+i wuirtd to. 8•knty4utrabkn poldts&￿d Bppty Ihem conNikinty'. ob8•Mth• m•thoth pnThc￿$kntno AppIc4t4k Chl1kn SORP., makgiudgem9ni8￿ e8iimqte• IhAI Ar• r•Alon￿• rtd PNd•nt., wh•fvr ot4nd•rfo h•v• ts•￿ rdkn%d. Ill d•pirtUT•i oIK)8•d 4nd ryWn•d In th• IW•mbrlth. and PrnPW Ihe Bt&•monlBon thq b4 un￿￿11 * h•pwcyrtth pMwm• th4tth• &YfyvAI Tn• f••pon•lbf•br k•gplng •CtXwning f4corfivthldl rwwn*A• q14nylmt Lh• pDethn ot Iho th4rf1Y to •nabk) tD ￿lUrI Ihlll th• ffnqndql ¥iai•m¢Dli ts)rnpty th th• 2UI1, Chllrfty (Aorwrti Ond R•pDthI 2008 énd tha p[0￿1￿￿• ol Ihe thuil d••d. Th•y 4re r•sponilbkn fDI 4•fqguwdng Iho of th• n•Th¢• for

TMF LQRD EA￿ORDFoUNDAT￿I IM>EPENDENT AUOITOA'S REPOATTOTHE TRUSTEES QFTHE LORD BAMFORD FOUNDATV)N FOR THe YEAREf4DED 31 MA¢M¥022 Oplnkn VIO hBve auJiiÉd th• Bwmonth rf The lord 8amfi)rd F(WJnfjaiM knr y•Hf•nd•d 31 Miith 2022 rA)M￿•& Ihe St4iamenl of Fthgnc&l Acthdlo5. the Boknnc• Sh•gt and rEl￿d noh8. Th• f￿￿￿￿1•1 fr•mfft¥ryk thryt bÈÈn Bppl&i h Lhgtr prqpRr&lvJn IrY ani Vnlthd A￿untr￿ Stand•rdJ, FinllnGLryl R•po￿ng Stsndatd 102 Thè Fin8nd¥ R•portlng s￿￿#￿4 oprlk tho UK Rtyuokollr•nd lun￿qd￿￿4dtsM GènerAwhcw•¢JACWJ￿lll P(Athl. - STh(rt¥ B Imè and fllr of th• tsf thb 4ff41rd q• 4t 31 20rd. And ol • * appHcatpJTh ofr•wurc4sToith¢yBar thon ondod. . hqVQbq4nP￿PO￿prqp¥oo IN4￿¥[danc0￿ Unknd K￿4￿M G&Mrnl￿A￿9￿1d￿unUffj qnd . haveL•n pMpw•d kn •r&?tdinr•th cha¢dsA￿ 2011. ••th forpplnn Wv ￿￿dUCt￿y Qur wilh ￿ta￿a￿nI1 8tsndirfJ on Audrtin9 IUKI IISAÉ IUKII Ind •pplcooio Lqw. Our r•wilAlllq uM0r thom aoscnbed kn thq ￿lIE0rf# th• Hudbt al the nngn¢i¥ •t4t•monL% fqcwan DI Oul Wort. wo w• d•p•nagni of ¢hqdty In in• r•qutramDnlB MAI r• iknv4ni 10 our au￿¢ ol Ihq thHnGIAI It4tèmon￿ ￿ Ihq UK, InGbdkn9 th• FRC4 Elhal slAtyJa￿ •nd w• h1￿ ourOlhi thiC41 rn8POD6blOB kn OGC4xdinc4 th•M r•qulmm•nts. W• that lh• Audk w4￿￿c•￿j hllwJ obtaiftod Ind •pproprtèto provldg 1 4•w•lorourophbM. r￿#￿￿9 to COnC•rn In Iho ilim•nli, w• th• oondudod i￿t lh• ol th• xrfh¢•rn tl pr•p•rnlon of 8aMd on the work w• havi PrtoThYd. nol kJ•￿￿d iny Mat￿ •Y4nth or 4X￿d￿ni that, (o¢iktyety. miy rAit doubl on th• Iblty tr> • lloknll conrn * PbnDd 4141 l•MI ts¥4• TroDlh• th• O¢h•tinform•tknn Tr• cthBr ¢)2mprti•ith• InrWd•O In rnp(rfL •th•rM￿ th• f•MDoI tht•m•nw our •udio¢• rwrt Ih•rw. Th• •ro rwpon4W tr IM 41h•fkns)rm•Vffjn. Our ¢n th¥ ilA1gf(￿1l Tboicov•fih• oth•rintsmiiMn ￿ w• do noi •xpr•is ILYM QT a￿Ul•￿e• Ih8r•Dn. In c1Jnn•￿kn} Our ludft of lh• our reipon81011ty * 10 lh• oth lomwuon •nd dolng 40. con￿•r whqtmr Ihe om•r Infonn•Yvn ￿COndi￿￿1 m• it&t•m•fii 41 Our kfbtsvA•dg• obtaln•din Ihi iuthortstMA¥O9 aPP••rn mii•r mthBttsJ. hJ¥nuty Drappr•ni m4t¥WmiBiwwmgrt•, w• th r•9uho￿ d•t•m• wh•thqrth•r•M mi?6t•i•rn•ffltty Ihg or• moi•d•lmrt¥t•￿rn1lltc￿￿o1h￿r Inlormiln. , b4••d hthv• p•rtorm•d, vl• c4nLludo M•i•d•l Thl•ii•t•m•Thi gthvlDf•mwon, Mqthd to r•pM th•t W•n•¥• noihlw kn WDrtln r•9WO. kithr•onthl¢h w• •r• M9uIMd to Mportby •x¢•P￿0￿ W• nothlng ID In rMp•c4 d lh• rWDh lo wNth CA￿1￿0 (Ac¢>Junw•Dd Pwrt•l R•oyWA• 20CI Mquh u• 4Pllrt ID you ￿. In OP￿On . hromia1￿Tr gklen kn th• ￿￿￿1011, IÈPthIknlno￿￿BleTrl1Tr Iny th•fln•nck•Mtsm•Trts. or . ?￿￿•￿1 ¥wunkn9￿G￿tdB￿￿v noi b•¥n k•pl,' or thBlnSn¢lith￿ffl•n1•4r•nO1 ID ogfg8rnBnl￿h lh4 tyJunMg rec4￿1, or R••pon•lbllltl••otlru•t••• As rnDf• fulPrf In tho tru619e$' rwporrfm￿$ gknlemDnlieiouiOn poge 4, pr•p4rokn¢fthgth th• prgp•rnkn0flnanL￿lMim•TrI$M Iro trq•tram mBiqrfalffllBitsthm•ni.wnglh•i TrlludLYB￿Qr. In ptepathq Ine watomqnis. uilOÈ M¥N)nbk) for•iw¥4 lh• ooln9 Lvnvjm, QhL)InQ. ￿p￿￿bIl. rnBMBf4 golng ¢onc•m4nd uqkn9th99DkngLnc4mbg•hOf4r￿Urth9U￿81w￿￿t￿1￿Ih8rInthndlQ Chty orto ￿lS0oPerAl￿n5, orhavg no tkaiii* aM4mgtr4e Duitodo ￿.

THE LoR0&4￿F0AD FOUNDATK)N INOEPENDEP4T AUDITOR'5 REPORTTO THE TRUSTEES OF THE LORD BA¥FORO FOUNDAYth FOR THE YEAR ENDE031 Ai•RCH 2021 mPDnilbllWlorih•Audlitif th• fin•rKhl •Mt•m•n Wè b88n Jppokntod auditor 145 ol Iho Cheth& Aot 2011 and rw In Mcordmc¥ w￿h the rdevAnt regdAIkni MAJ• orhaving￿dthIfl￿rtdbr Oul Oblvthjafp ￿ obtsln 4whal& •r• fr•• trom m4 WIMta￿￿•Trl. ¥•h•thw •Ttor, 10 h8ue w audkn¢• rnport thBi iTrLJdOi Our opplion Rd10nb￿ atUFknL￿ kn 4 Df ag¥LYYU. nyl Amtèè an udrtt4nthJLtsd In IW IUKI • rn•t•rt4 ffd¢wq¢•m•niwh￿ tt 8￿814. kIl￿￿10m￿lI￿ ¢4n trorn fraud or •rroi and are consld4rn0 moi•rtèl ff. oi In th• awr4wts. Ihty bo •APOtyd to th• Konom afuE•r4 ia8n on Ileb•¥ollh•Je WOt•ment•. fr￿4. we InaTh¢•i ol In In• our Mi￿1•)1 Outhnqd bav•, kn dBt•cl mat•￿1 miuLilem&iM In of rowl•rkkn•, knchjdni fr￿￿. Thè ￿Int ID V￿￿ uur p￿dUr￿ rAp4bh ol knBWhxl rev￿￿4 to und•rntnding ¢1 th• T•wthiforth• y••r. ￿dnll ID•wht ¥T•ai ol thè thondal •iBi•ffle￿11 to IL￿ c￿nc￿11¥￿ t•thw. ￿on9 wllh qn I6￿￿ment ol And thAI matert1￿ kff•& Btst•m•nts Y Oui AudR of • pppul4iion ¥w•l￿bIl hifomiiknn, obi•r¥Alknn•, th•>A￿onI mAnig•mVI i q•thwthOr•gU￿ 0￿den￿ 10 th• banL4fiiBurn ba￿9 qudrt•d. i ￿10￿MINI of thDf• &nd nDt 4nd r•guL•in¥. oui•ld• ￿ noTm•l g•nw lawl tkn6. Ihatwwld •tred th• lknin¢MI it•ts)minL UG[￿l￿d How•vw. t•ffji ￿dI￿ted th•rnvé•T• noliitwc•i olno A ftKtr•r of Qui wporrJblMlo¥ lor Ihe ot lh• th￿¢1￿1 IlAi•m•ni• •n th• Fin•n¢l R•porfkng CDuncW• wqb ￿ptyrt ¥ rn•y• to lh• IN￿1, Al A btsty, P•rt4 of th• Chlrfllm (A￿￿10 Ind Roport•l Regu￿10n4 2008. OJI Jdll b••n Und1￿K•n In Ihii w• mwl •iDI• 10 th• truit••i thts￿ matt•T• W• Arn i•quINO 10 •W• 10 Ih•rn ropon ond Sjr oth•r purpo. TO th• fU1B￿ p•tmW ty ￿¥. ￿ do noi •ce•pi or ••ium• r•Jponitllty IQ Inyon4 •ndlhp IN¥io•8 o•a body.trouf•uthlYn)th, lorthiBrnpurt.olltsrlh•opinniihYlmfDrnOd. CUJ&m Hwi (Auth & LknVA, POBoxl86 Whlon Hw• SIOk¥ RuJ StOk•￿.Tr•n1 STI ZR H￿n• (Audl 8 AJ•uryv•l Llmw tstpp￿￿￿Wl 41 iu4ttor of kn• chidty ty of h• •• 1212 olth•COmpinNii￿20￿.

IHE LORD BUFORP FO￿￿TI)N 5TATEklENT OF FINANC14LACTMTES FOR TME ENDEDJI IA•ACH 2022 UTrro¥lrl¢t•a Fur￿ TOMI F￿tsd• 2021 Total Fund 2022 2011 Noi• 4COME OoTraiMJM aoo.000 o.ooo 300,00) 18,237 IDi•r•r8¢xlv4ts TOTAL NCOME 315,298 315,260 EXPENDrruiie Cosisof ￿nd InVqJ￿￿g￿l Expo￿lI￿re on 10,ie8 17.OCI) 7.102 17,1ts) 7,102 Oovom•nM•M g#nk TOTAL EXPENDrrvRE 43,814 13,814 26.234 NEI WCOME AND NET MOVÉMENT IN FUND8 BEFORE GANS APX) LOSSEI ON INVESTMINYS 271.404 271.4 N•tg•ln¥ w kn¥•￿M+￿ti se,3eo 212,791 NET IN¢QVE FOR YHE YQNA 327,e34 ?Z7,134 499.>Jg RE¢oNcKk4T￿ OF FUNDS 1.6$9,(N)7 i.e99,¢knJ7 1,199.OPI 2.020A41 1,026WI 1,69è,007 •fvndiolth• ThèThJio•thi pqgw 9 to 11 form￿rt01￿01•Inwd￿lw?rn￿ts

THE LORO bA￿oRD FOUNDATK)N B•LMICE SHEET FOR THE YEAR ENDED31 I￿RCH 2022 21 ot• FLKEOAS8ET8 ve8iment• 1,954.516 1.310A32 CURRENT ￿ser8 Ca$h albank e4.904 356,043 e4.904 358.043 CREDITORS.. Arnunts illlnl du•wbthlTroD• y••r 19,3SBI NETCUffReMT AS8ET3 72.325 346,07a NEThSSET¥ 1.e99,OJ7 Th• runo Of th•ehlrfty'. i.ew.CwJ7 TOTJLCTrtyRrrY FUN08 l.e99.W7 • funth4lth•¢hgrlyw• urrtM•d ￿nI1. l $t4t•minthw•r••pm•¢by th•TrnJ*•M ￿ th•. 8ER Th& not•% on p4y•i9to 11 14rrn p•1 ofth94efvigDdgl￿oI9￿8

THE LORD B•JdFORD FOUNOATKJN NQTE8TOTHEF4AN¢iOI STATEMENTS FOR TME YW ENDED Ji AiaAcH 2022 ACCOUNTING POLKES Th• a¢¢(wl¥ lflnonc￿l statèmental have bean prèpo under Ihg CO￿ Gonvenkn Il ¢0 or ydue ulherMt• fii•vsnt not¢$ to acEoMls. Tre sta￿￿￿￿ti have beon prtpAita sktém8nt of pra¢tth. Accounthw 4nd Rpporfh9 p￿p￿￿9 Ih¢ ￿t0rd￿nE4 thu Reporfkn9 S￿Id￿r￿ I￿lt￿￿ hi ￿ UK #nd Rèwbk of Itdand IFRS 102118•ued ￿ OGtthr 2019 thld b)9 Finqnd•l RqFffj p￿1¢•bIl ifj th• Un•d K￿1¢0M •ndRwubk Dri￿￿nd{FR5 1021 qndth• Cha[Rkn5A￿?QI1. Tho grccunts ifiThAn¢ial #4t•m•ntsi h•v• to ii¥e o'irue •n¢ fa howè dOPQrt•d trorn th• ch1￿11• gnd RfjpDthI RèQUiglknn8 200$ offlty to Ihe èxtent rtgu￿d to pMvld• I'￿• f¥ifvthrf. Ihth dap￿￿r• haè Invofvootolowélng A¢counthu and R¢portlng by Lhtsl" ststsmgni of R4commqnd&d Appab to prepanno ￿11 acLounls in Kr￿rdAnCe th lh• F1Thwncl￿R4wthf¥a siindotd appk8Ll8 In thè UK And R•publr ol tr9Lid IFRS 1021 Wued h) 0￿¢ber20l9r•th1th￿ tn• Accothiing and by ChIrt￿•.. SlJt•mnlafRuGDmmbndod •ffgGWv4 Trom 1 0￿ )Nrth¥n. Th• ￿nall￿tel i pubk b•n•fft •nty ** d•M•J by FRS 102. Th• itat•m•nt4 •[• pt•pV￿ In R •lllhll, th• 4ntyoiin•thty Furthstruclur• Inv4￿mInI1Ar•4fOrn DlbulGIDHndilihthmeni ond vo Nogni•dd4tth•wtrqn8qolDn ythl •no Wbwu•nty mgA•ur•d qi lh RHlh•d 4nd b)•• •1 thv PTocqdB iMII OP•nklg urrylng or purGhiu• VI￿1 locqulr•d wb¥•nwDI ta ￿•1￿1 diy ol y•ii •r• b•ts¥••ffl lh• filr w￿Ul il th• y•w Ind th•Y V41w. R••h•dthid ID••M ¥• ITh• &4t•m•nlol Incom• 0￿￿￿0￿• •T•4rcountsJlorkntho p•¢¢din%th i••niwtOfKOty. IM11￿￿1 he0m•￿Ic￿￿m0d fgrln lh• In 4thlch th• chadty li •nlVdBd Its Exp•nOhyrt ￿•mIntVAl bo rnquk•d￿ ifflountoltho¢Di4ts0n cHn b• Th•1￿1•d Flnlneld kn•truffl•nt• The thontyonty hq• ol•kiDd th•tquaW¥ H¥b4fiqn•il hknJrn•it& knthm•nth•r• d1wt￿o￿1B￿d Il I14n￿on qrd w1￿9quen￿ malU￿a Al Ih•irMtdomenl¥th•. $hOrtT•m O•btorn4nd D•blgrn and rnt• rt¢kriabh oi ¢¢• y•tr arn ￿2rdId At trwqclon Impalm￿nt￿• Mwg74yod In th•Sli¥ff)t olFID￿l01￿AE1￿ydDB Lon9 T•rrn Dibtorn Ind Cr•dllQM DqbtL¥ And Cmalor•rOfo￿1tharpW￿bhl￿l￿0n9 ￿11 qr• prfc•. Al th••ndol the rWkngpBrfOd. th• ¢btOf4 cr•dlry¥ ¥• dlltrxht•d to nèt Y￿u•. Any tsom Im￿lmen1 or• te£owlMd in Ihi of Fh•n( FoTh&n¢urfvncy ¢urrend•s lh• •x¢hgngg L•IB thb dAt• ol IMl4¢llon. MDn91ary and i￿0￿￿•¢ d#nomknAtyd In forqkni ¥• Al Ihe at tho91 dAkn. hi in lh9 profft qndlo5&ac¢￿nL STAFF CQSTS ￿0TRusTEE8 REMUNERATDN Ther• YMr¢ dunng year no ￿m￿n9rati￿N 4rtRpen8e8 hw• pU￿j to oi• Iruito•J kn Lb¢ wr. Cwln ye4BOfJCBare￿e4tsy the Found&lon furmkThA#omoniandadmlnhlthvo putpo&•i rorvh( nothwprn•Jo.

THE LORP BAWORD FOUNDATION TES TOTHE FlIJAPJC￿5T￿TEMENTs FOR TblE YEAR ENDEO 31 IWICH 2022 INVESTMENT IPKOAIF Unro•bictsd F￿n￿ 2022 2021 UK -E4uItss -Ffrrtad Inière$i -(Ahorlnv8th•n 3,4B7 4,171 2,289 -EqulU¢7 4,021 152)7 INTÉAESTREeEWULE vr4f•vlrtGt•d Unr•tth F￿nd 2121 31 AN•LY•mOFQRANTS Fund 3022 Funth Th• Icknhg grnnww•T• m￿ In th•y*ir Th• Qu••n¥ F￿hUmJu￿kn• 17,2ts) 17.¥L 4.SOO Qmnts ¥• P•bJ Ih %Ylh th• owed￿•1 ol the iThd ¥• p•bJ 1¢ fftid• ljnty or fvndkn9 ty) r•c4pknnt•. 2022 R•¢on¢lll•tknn olgr4n%• pwbh.. CommMm•nta il l Aprt 2021 ¢Dmmllmefits rnad• ID Ih•yo•i GMnt• p•hYauMng y•# 17.500 117.sao) 14.s)01 Commhm0fit• 1131 2022 govERNIKE C03TS UhrMlrt¢ts Fund• 20ZZ UnMbirf¢t•d Fund 2021 Account4nGyf••• A￿￿f￿￿-Tn•￿dlC1M￿c￿￿1AnnL￿laLXthntl I￿12 4.280 ET WNBIIL05sesioN INVESTMENTS 2022 21 110.oosi ee.385 69,605 t53,1B6 5e.35 212.791 -io-

THE LORD UMFORD FIJJNOATr) P40TES TO THEFIN•NCLèL STAIEAIENTS FQR THSYEAReNDED 31 MARCH2•22 INVESTIIENT6 2•21 M¥k•t¥akffj ot I ￿2021 I￿￿.332 1.142.$37 939,3eo 1478.8851 212,Tg1 ie5,4911 PS1.5231 56.3eo 284.316 Nèt movomèThtln 1gubJ ￿ddI9¢I YqJeal 31 klitth 2022 l.B54,516 1.3JOm2 HLthalrulal 31 2022 1,743,T•7 1,155.M Th• kn¥•ilm•nt• ••. 2021 -Equl - Fry•d knlw -Olhgrh¥•m•m• ie3,970 290.178 283,044 145,502 239.252 248.002 n8.490 633.411 Ov•r4•1 741.739 8J.uuJ 599,91Q 8￿,741 3Jl,212 116.ge6 CRECITORS.. ￿￿￿￿t•ll1#n•dWI ￿¢hIn on•￿r Othormdtc 8,007 0.072 4,728 12,579 •￿ALYS￿l OP NET ASSETS eeTWEEN UNRE3TRKTED FUP4DS Cury•nt U4bllM Pro¥lo Tatsl 1.861.510 84.904 2.02e,041 Thqro li• on unM$bw runo¥ olE2.026NI tth• ￿￿rend. unre￿￿0￿ ￿tI￿n￿l whKh the wefre• to RELATEDPNATYTRAIJSACTK*4S Tr• FO￿d¥￿ has￿￿￿d(￿%l￿￿￿otla&j.fjO0I2Q2I-E30O.O￿.frQrn o Lort BItt￿￿dDL.