THE LORD BAAIFORD FOUNDATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Charlty R•g18tratK*n Number 11D8004 HOWSONS (AUDIT &ASWIIANCEI LIMITeD Rep￿tere￿AudItor* THE LORD BAMFORD FOUNDATION CHARITYINFORfuTION Thp board oftrwte Damfryd DL L•dy 8•mford 08E SER0￿5 Admin*rDtw odth DGGame The Lord Fowd8tK)n uttoxéter staff0￿5￿￿1p ST14 SJP AL￿11015 H￿¥s(￿S (Audit & A&%wdnGel Lirr￿t￿ Vas H¢J¥*￿ Charter¥J PLcountan Regstwéd Audlt(xs wInt￿ House Sloke Rogd st0k￿0n-Trefil ST4 2RW Ba￿•T• B0￿p•y$ Priv•te We•llh B•nk Level 15 1 Churchill Plac8 Lorthn E14 5HP Investmerrt ManHg8r5 H8mbro& Partn•¥ LLP 45 Pal M811 SW1YWG THE LORD BAMFORD FOUNDATION TRUSTEESANNUAL REPORT FOR TFtEYEAR ENDED 31 MARCH 2Q24 ThB Trust0&5ha￿ ￿ea6ure in Pre￿￿￿￿9 I￿￿r tt* st*8mntsotlhe (1￿Y yaarend8d 31 Marth 2024. STATUTORY 8ACKGFtOUND s8¢bc￿ 182 Ch¥rriiies Aet 2011 and Tre ¢￿arf￿a$ IAccw)ts 8r#J Reptybl Rewlaticrn 2006 mada tnereunder r8qulr8 tha T￿￿$t88$ ts pr4)are, in res￿¢1 of ea(* financi81 year. an annual report con18ining knfomptycfi 8nd lo ￿bM￿l rgport to thg Ch9rity Commiss￿￿8. ha￿1n9 adathed to il th8 finarK181 stal8menL of axounts forgjth fiTrwYJ81 yw. The Tnjst￿S ￿80 Wke ￿U￿1 of the Charity c0nwnl8￿0n6r8. Stst8n rl R￿￿n￿ed Practlce appllc8ble ID charffjes prepBring thdr BCfAiu￿5 In accudan￿t￿th the FlnBndo1 RppDrtlrq Stsndard appllc8Ne In the UK •nd RewA)IK of Irel•nd publi5hid in Ortob¥2019. REFEREIKEAND ADMINISTRATIVE INFoRMAT￿N Then8me ol d)athly is Th8 Lord Bamford FOUr￿a￿On. ThechBriI￿s registr￿an number15 110￿04. The charitys w￿paI address is Ruc85tsr. Uttuxater. St•tfcrfd8l*èST14 5JP The Tnj¥t￿ chBrfty durtng the ￿r￿rE03 fdlrA¥S.' The Lord Barnford t L￿Y Bamford OBE SER&rf8n¥ The charfity w85 8dm1rdstwed by D G Garnett. STRUCTURE, GOVERNANCE AND MANAGEPIENT Trtstharity was e¥iablish8d by a ded8ration oftntsl dal*J 17 Septembw20D4 and uthctyporaled 8S5o￿a￿'0n. The PD¥￿01 apW1n￿￿9 n2w TruslEEs Is ve51ed kn the TrLth85. Tn*t*s are 5dected on thJ b&pAs oflheir tsuilEbilily IDth2 thBrfty adwte bwning be ywded, where rwuir¢d. The Trust*5 with th¥ duty in sèthon 17151 of cn8rf1ies Aci 2011 to Iwva rwjard lo the 9uid8nc6 puL*hBd ty the ChBrity ComMkss￿n. Th8 Tnth8s meet informally an a reyular ba&s. for are torwAd*ed by the Tntstees and wdnts are ap5x￿d r*¢e&s￿. Wom￿1 Twstse* Mee￿ng[S held 8￿*Year. The TnL4ttts h•¥E ex•mlned the mlljor str¥legl¢, bwlness opvab"on•l ii5ks ihlt ￿ F￿d#b￿n f*ts and Ore th•1 systems •r• In place to nwlwJate expDwre lo the major risks. OBJECTIVES ANO ACTrVITIES FOR THE PUBLIC BENEFrr cOieG*'¥es ofthe c*artty are to prcmote or d￿￿0p be￿1 ofthe publlc. the sdence of rneth8roc&l englneerfog In 811 its br¥thes and in p8rtlcul8r￿e9fch resperl ther&)f, and Indudlng (Wit￿￿1 Ilrrdlalrml lo provlde ￿￿3￿Ce, flnanEIBI or otheNlse to such bodles. Ir￿￿t￿￿nI and indi*du8Is as tho Tfusisos thlnk fil,. lo support and fund such In man￿r ￿ ble To¥te25 think fil,. •nd lo prml8 *xh 0th8r charilBble purprtrs 05 the Truste2S 5hEII thinkfil. is lo mHke grant6 to gpplir¥ntsYhth058 aElivthes arB thaiilable. the rr￿aring of tann in Erylarl Bnd Wvjes. in pwtyrAJLqr th0￿ ￿thin a 40 rddius of RaceslBr. This airn 15 B¢hiè%*d by the Trust*s idenbty'ng k￿lti81 recipienis and ty ￿PandIT￿ lo regU25ts lor as&8￿¢￿. SL¢￿51￿1 applicants ar8 requlred to demw8ie ￿ lh8 TnJ$tses tfot wSpt of the glani ly ￿c11Y Mc88s8ry 10 tt*m fulfil thwr own obje¢b¥88. 11 is th8 Tru8t888' n￿1n Obj￿￿* ead) yew, so f8ra8 p￿￿bie. to apply 811 offv Income for the year knr To Iheextenl thotthe income 15 rol 5thciwl In any yeor, mzy mkedonotion5 frDm Capita￿. Tr¢ Found•¢ion's wn¢ip41 of funding 1$ In •nnuo1 donabon of £300,0￿ rè£*%*d from a Tnjsiaa, Lord Bimfryd DL, wN¢h is by the Tn￿te￿& in rneeting its St￿ objKlivas *ith rtya￿ ￿ Y￿rrt rn3king and PL*y with lo not holdiny resarvBS, and 581ll￿n?nt cf KEYMA14AGEMENT PER8ONNeL REMIINERAIION The consld8r the Board of TN51889 SS the key pergoind of the charfty In charg8 of direcbng and wntrolllng Ihe c￿￿1¥ and *d owoung rl¥rtty on g dsy to doy ba￿3. All Trustees ha¥e Ihplr ￿rne fredy Bnd rn kn￿te2 r2Mun2rn￿On w05 pBld In year. Delalls of trusteeexpww5 •TrS rellltsj pllrty tr4ns1cty0nsz￿ disdosed in rth$2 12 oftha act4yJrt%, r88pectivdy. THE LORD BAMFORD FOUNDAMON TRLISTEES. ANNUAL REPORT I FOR THEYEAR ENDED 31 MARCH 2024 PUBLIC BENEFIT Thg F￿ndatiOn5 alms ye Carria out fr* the public ben<. after wn9 due consideration to thè gènewai gJidanLY pub15h&J by th8 Charity Comission. Tris 1$ achieved ltrmugh ￿ing finarrial supput to a number af thariti￿ and gyjd ¢4LWS. rrt81 tha c&leCb￿ cl the F￿J￿Iktion Thp rnHr&)prafdo￿tion5 totdl&l 3ur￿ll￿2 ￿￿ra fOr￿0￿[S 81￿1 t00r0￿£1.0oo. A REIIEWOF OUR ACHIEVEAIEFifsAND PERFORMANCE Tnthe5 are p￿￿￿1 thallhe perf￿T￿PU[wEthority to ac￿nN￿￿elUndS ta meettheobjeCti￿ of1￿ ch&fjiy by w0￿dIng wants to appliLkn to fLther their rtSj8c*ves. finaro815taemerts show an ir￿Orn2 d £338.717 and gBnt5 crfflrrl￿l in the yw kntsNing £161.1￿ Thefinanrial gateN￿saI50 a npt gain an in¥851rnentGofÉ164,839. In the ￿ant￿50bJe¢￿WVS. ￿ follo*ir¥ kvy 9rnnlswp￿ mado.. Fu stAn(tr￿ rth￿Tth. lo￿Ad Sdterl RESERVES POLICY Tha F0Ltsj8bL￿ 8 kx4icy of ￿ h)It*ng 11 coerates on the ba￿9 thBI ￿rren1 Inc¢xn2 Is aPpl￿d in ffloknng gronb. In the eY&llt of there being ary Su￿1u$￿0m6 in aw Yearth￿l￿)uld b8 a¥￿14b* lorfuiLv•g•nts. RISK MANAGEIIENT T￿ Tntsiees LyW￿der the chorilys m8iDr finantsal fisk to bè ￿8t￿ty ofknvests￿1 This Is m5tba8￿ by retaInlr￿ exm In¥891ment FINANCIAL REIIFAT There 15 a sutk4u5 on Uryesirkted Fthts0fe2.4￿.458 attheyeBrond. Is av3ilablefordisknbution as grwts inftrtue period& There vRrB noother Ma￿￿aItran￿*0rts. LY thetopnwnt4 orirr¢AvlantevenLs olanydlTeGt¢￿r￿￿Ce tothe(*•. PLANS FOR FUTLFRE PERIODS The Fr￿tKIati￿Wel£rn re4uestsfor assk5tsncafwts￿ cb*ltsble org8n188Jrffjs In fuwre peri¢)ts by the TN8te8 in ar￿rdanCe￿i1btr￿ ￿￿kiry FUNDS HELDAS CUSTODIAN TRUSTEE Ot4 BEHALFOFOThERS ihe chBntyrrf)r BrtyTru$￿p on its b*lfhDkls a568tsfora￿￿W¢h￿rity. AUDITORS A Te5dubOn to IAL*Jh & As8uranc81 Urniied as 8udlltys lor the mS￿r#j year ￿ b2 rryr•l at fv re* medng of Sigr*d on be clth8TnJ51ees by.. SERI App￿￿￿ by TI￿gi88$0n.... .... THE LORD BAIIFORD FOUNDATION STAIEMENT OF TRUSIEEV RESPONSIBILlnES FOR THE YEAR ENDED 31 MARCH 2024 Trustees￿re￿pOn￿bI8 hrpTep3ringtheTru5tees' RepDrt and ts finanual st*emerrts ID ￿•th 8pkli¢afA8 lawand United ￿l￿dL￿n ALuunllny St￿￿￿$ IUnitsJ Krwm Ge￿[al￿At￿eptsdACt(•jnb￿g Pr8ctic81 Thè lawap￿41¢lb1e lo th8ritie8 in EwLqnd and W8kns req￿r&S Truslees to Yep¥efin￿¢￿gI staiwnwts tregckn fingrKkql yearwhlch give a d f4r ihe st*e of of the cwty Ihe reSoLy￿ of r￿0￿CeS d the dTr4rlty far thal pertod. arh)g ilwe flnaroal ¥la¢enNxts, Ihe Iwsteeso￿ requir¥J to.. sdecl s￿tsbIe acCL￿￿￿ pdiEiBsand then a￿Y thern ctytsthnuy", QbseryethemeU￿Js thrKiF48s in the akwlSc8¥8 (lrarfties SORP, ke1￿5)￿Trts 8ThJ 8Sbffwles iho18rn re88wth * pnjdenl.. state *thether apFI￿￿e &CLY)unbng h&vtr Lw) tsll¢**J, ￿ts1.￿l to any matedsl depwwres di8dc*l 8rn1 eWain*J In th& finartial staithn18'. prep8re i1*fi￿n￿81 staleD*nbon the bgsls Un￿5$ il is ingppYopn8te to prpsumBthalthetharity*ill rthinw ilsBcUwDe5. Tru8te8s are resymsSble lor ke*n9 suffthnl •Kounb"TrJ wPi¢h disd¢*è rèasonab￿aCts￿ at arty tho wtson chartly to them to ensure that Ihe fina￿al statwDents the Charilitis Ath 2011. ts Charity IAtctyJrtÈ and RepDtsI Regulalknns and the Pm¥i*LTh ¢tr the irLtst deed. They are also respOn*￿e ts $9ftyugrding the 858ets cl the 8Dd h8n(* fc¢ taklThJ reaxm•ble Stsp*ft¢the preVentr￿ and dete¢b￿ offr*Jd and ottwiffeg￿￿bvaS. ThE LORO WAFORD FOLNOATKIN INDEPENDENT AUC4TOWS REPORTTOTHE TRUSTEES OF THE LORD BAMFORD FOUNDAIION FOR THÉ YEAR ÉNDED 31 IAARCH2024 Oplnlorl We ha¥e ￿thIed finanoal stslefflqrt$ Thè 8arrrfLyd F￿ndab￿ year 31 Marth 2024 which r£¥npn8e of FITr￿1￿ A¢ti%itie5. tho 8#iance Shtet and t*è rèlaby htstes. Thè financi•l reporbng fr8ff*work that has b88n 8ppli6d In I￿*br preparabèn is )plicablE lawand Ihiled ￿ngdO￿A(c￿li[¥Y Slandard% induding ResNjt￿j Standard 102Th8 FlrorKi81 ReporbNJ Stsndald8p￿iC8b1e intkp UK arnj Rewblic Of1rd￿ IUri18d KJnoJom Accepted Arthnbng Pr8cbcel. - SITh 8 trLÈ and far wew of the transaftho￿ cl the Charitys affoirs BS 31 31 K4arth 2D24. aThl (xf 115 incomirvj rE￿r¢e9 an p￿1￿2￿[1￿ ￿r￿Q￿r£s￿Orthe ye8r then . hBve been rmperfy lnaxx)rdar￿with UrMteLI Itingd￿n GerEr¥ltykrryled AIKNmtit4 Piadtr." - hH¥e bBBn rry3r￿ in acCordan￿￿1*h thp CJEribe5 Act 2011. Ba51sforoplnlon We LY)rwJuried our wdit In 8ccord8nce Wilh lntwr4V￿8I &8t*ards on Auditiro IUKI IISAS ILIK)) and 4)plicable law Our r£5pir61biliiies wder IIThB stam1w￿3 are in IIE tÈ$f￿￿lbililies for the audl ot th9 findrbiAI stBtefflents section of rwrt. W¢ are indewdentotthe ch8rfty in acco￿8nrfj ethicAI thatare relevantto our audit of financ￿￿ *a￿nerrt5 in UK. indudir FRC'5 EthiG41 Standard and we ha4E fulfilled ￿r (khEr etPical reswhl￿bl11t1es in accLrdwKe YAth requiretnen15. We bdievE ttxt au(*t dEr￿￿e have obtEired issuffiaertendakyrqjriata io ￿idea ba*$ftxtyJropirrion. ConEluslon8 90in9 conGgm In audilirKJ lh8 firAnoql stal8rnMts we how corduded Ifot we of 9Jr¥J bi¥$ of In the cf finand81 staten%nls 15 arvvpriate. Ba￿ the wo hpve p¥Formed, we hB¥e not Id￿￿tle0 any rr•l¥itil urt•rtainti8s rdatsNJ to &*TXS or eondititrts th•i Inthduolly (Y cdlecb"vety, MBY doubt thB a￿lIty to ￿tinu8 as a sx¥ry (¥)n￿M fcr a pwod d al least morth frorn tr finanda 5￿m￿n￿ ara a￿0[186￿10r1Ss￿. resprmI￿"￿b"e5wd reEPDrffAbilitvas0ftr£tr￿t￿￿1ih rns•bJ g)iT¥ cLY*qrn d8<W in th8 rel￿1 ofthis ryut. Other InfarmatlDn other inform•tion w*prises inftm)8ti￿ ir•**t&Y in th)rL*I rewrt. cthw th&n tl* fiwdal and our 8udW8 tr*ree￿. The In￿ are ftr Olher iDfC￿81Ion. OLf opinion cn ihe fin8nD81 sta1￿￿1$ NJI ¢o%*r11o otr*r infcth)815￿ and w& do not *)y lomi d 88sur8nce Ihve(ffl. ITr ¢wnecbon wth wr a￿111 of the finoroal s¢atemenls, our re5por6ibi1￿ ts to read Iho other inforn￿￿￿ Brnl. In dolr#J 80, txn51du whelhu the other 1nfcrfrr@ll(￿ Is r￿￿1allY inc4]n5￿1Pnt Ihe finBncd 51atwnenls or knovA&¥ge oblalned in tre •udll cf clherfvisti apptars to bè mèt•ialty missiattsy. If id*ttWy suth m8bial I￿o￿￿$￿n)eS c¢ ￿p￿réni ma¢¢ri•l rr￿&s￿leM￿nt5, we lo datemina Ih8re is 8 ￿t*81 mis8tal8m8th in finar￿al *at￿ertS LY a nwter*l mi8St*merf ofth other InformHtion. If. baséd on the w& have ￿rf¢M￿, conthde th8r Ih8re18 8 nwlerial nNSgtstemert of Ifds cth¥ infcmi*ion, wè are Liréd to r8PQrtth8tla¢ Wèhabt rekhyt Inthis r&jar￿. Matters tsn whkh wè ra4uired to report by•xcWon We have rllAhirvJ to WLYI in rBspBcI cl the fdltrhiTrJ mallers in rdabM lo ￿ttl¢h the ￿￿tieS IAccou* •nd Rwtsl Reswlth)ro 2008 requirn to 10 YOJ rf. in cwOnirm'. - IhE Irrf￿￿￿1bon in IhEttusleES' [EpUrtiswJ￿$kn1 iri8trym*tial respect￿1th the finan￿￿ gtatementh." or . TeLuds r￿ba80 Wt . arefi￿ in attounbry r￿Ords.. or . we have 811 the irf0m￿tKinBnd expLqnatiorts ￿￿ref￿￿r5udit. R¢wortsrfJillt* of trustees As eXpLi1r￿ mDre fully in th2 tr￿e$, res￿￿bilItiES5la￿ern2nLSet (yjt p89?4. thB tntsl*S *8 won*bk8 thB preP￿￿hL￿Qf thpfinancial sto￿￿entS atvj ￿ bang satisfied that tw gve 8 tr* t81r￿￿. and for such iniurd contrrj as dewTryne is re££ssw to ￿able theprepaWb￿ a￿[ree1￿M maknal missl8i&nent, ￿￿tr￿d￿el0traL* ore1r￿. In Fxeparing th2 finanud st*mEnt& thB bu51eES aTF resp￿￿￿￿6 Charivs abildy to 8$ 8 going corKern. ¢55CIL￿rvu. as •ppliGaL48. ￿tter¥ to goiro Cor￿￿ and LS1ry the C(￿￿£M b39$ of acr￿￿ ￿lesS Iwees &ther intsno to liquidate lh8 CharityortO¢Easec$)er8b'o￿. ¢rlw¥erKJ bui to doso. THE LORD BAMFORD FOUNDATION INDEPENDENT AUDITOR'S REPORT TO ThE TRUSTEES OFThe LORD BAMFORD FOUNDATIO14 1<4 FOR THE VEAR ENDED 31 IIARCH 2024 A¥dlWs rWpQ￿1tslt1tlHf0r •udM oi Ihp nnanrf•l ¥tstqn￿nIs We have beai arOrrted 8s audtor ￿lder sedrAI 145 of the Ad 2011 and rtyort in accLYdEnce with the Ad and relevant reguLAIIv4 mthdèèr￿￿1r9 eff¢cttrweLmd¢r. Our rtsiths 8re lo ebtsin reascna¥8 8ssumrteab¢￿I Il* ffinar￿￿ sl*nxDts 890 Wfiole are fve8 from ma￿81 nXsl8t￿l. YthethBr due to or ￿. 8nd to Isgje an auLltorfs rerKrt th81 indkths wr wThon. a5swsrre ￿ a Pigh k¥el of essur8n￿. but 1$ guar￿￿ee that Budll coNknLted In BccordotLE¥*ith ISAS IUKI ¥%ill t*ete¢t a material nbs51atsmil whBn il e￿st￿. Mssloi&ments can artse firrt fr•Jd ar 8nd arè considered ma*ri81 rf. iTh1iwdually or in the 8wJat8. Ihey uuld rea8cfthly ba e¥p*ted to infiL*rtt deasK]r￿OrWers taken ￿ the LEsis oftt*sB fin3rKial Stslern•ts. IwuL8hb88. Indudir4 fr*A. th8WC8s d ￿T￿¢0Mpl￿8r￿8 vlth Fegulatio￿. We i￿gn r*￿￿￿88 Ilne %•lih respw￿￿l1 (rtthlined abov8. to Ma￿81 mlssiai•Thnts in respKt rf Irroguladuos, IrKludire fvlud. The extent lo ￿¢b tyjr yo¢*dures are ￿￿1U[8$ A wblic benalt Bnlty a5 dpfined by FRS 1Q2. The finanual stBternEn15 are PFEparEd in £ 5tErfiny. th2 fimL*onal oFthe tharfty. TheTrUsteeSr￿derth￿tIh￿¢ ￿n9M￿ten£t uncertanti8S about the 8billtytOfJ>lbW859 golffj ctsxem Tro ch•fjWs p*Snopal 8tyJrc8 c4fvnding188 don8vonfr(Th a Tnthe8nd Is ￿￿StriCted. Inv95tm•nts In¥esknaits are a form of bEsiB fIna[￿la1 inEtrum*)18nd are In￿allY ￿OgnIsed at transadrffj valug and subswwwlty measured at Ihirflir￿lL￿ 8¥ all￿ bal￿ sheet dab L*kng ts cjoylng qurthl rnorkel ￿Ce. Thp *thrnerf r*financiYJ retgplns d1055e5aDwy on yevaluati￿ aryj dws8Lq ilwowwt th8 year. Roalirqd g*iM loMe• All gains and Ios8es arn lakw lo sta18￿1 d ￿nI￿1 Acts%itse5 0$ itw •rise. R•olixd gBlrKS •id lo$5es on •rp ¢•kJJl8ted as tbe bthE￿ sale5 end roerwg rarrying wah￿ orth￿r puthse wdlue il acquired sthtyuenl to the fiTSI day of the finandd year. ihyeallsed gains arvj I￿sS?$ sre o*Ir￿￿ted as beiwe8n the f•rvalue at yearend 8nd tr*ir iTrJ v•lu•. R•ali&&J and urttalised inv8sbn8nt g*n$ and kJg888 are ¢¢*mknned In St*meniof FIn￿81 Acovlues. IncL¥np All lTrxime 1$ reo)ynistd onctrth• 10 the Income. ItL8 woWothgtthe I￿￿￿e￿Ill be rec•¥*d and I￿amount dth• inc4wne receIvable￿n bemb￿￿￿ rdiably. tlcwts¢n6 areaGraYmw￿ inth&p2riod in¥Jhich thecharity to Ir￿lm￿ntin¢C•MoIs 8cwJrtsJ forknthe perf(￿ thBrfty Lqentidedlo recdpt. Ll8¥libe¥ we recc4rrised as eXpendIu￿ as as thEre ￿ a lryal or¢xnsknxb¥é obligation Con￿lt￿n9th￿ thsrity bj th&tw8ndibx6, it 15 prob8¥eth•l$elU¥ntntYth bèrt4uirtsJ and the 8mtyJni ofiha obliga￿￿ c•n te nw5ufeLI r*bly. Ex￿￿li￿2 ￿￿e£¢￿￿edfOr0n *) &£n￿lS b898. with r￿n￿￿ orKeawo¥vJ by Tn&ees. Finan¢l*l In￿rUm*n(l Thp (haty (￿lY has fina[￿1￿ assets and liabilile5 of 8 that qudfy ￿ bogc finarrkil Basic financial are iiibaly￿GlWl￿l SubSeq￿nI￿ mea9ur& 81 theirsetUemenlvolu&. Short Term Debtor5 and CrBdltors DdJtLYs anLI (¥Edit(¥S YAth no intertsi raie and [￿vaNe or p3yable ￿lIkIn one ￿ar we record2d at trarwthon ￿Ce. Any losses *tsingfron invim￿ntarP recogr15￿ in 81aterv￿trf Acbvities. Lonp Tlgbtsrs widCtÈdit(J DebtU5 and (Tethi0￿ y￿are initially recc*d&l gt Ir8rtsaCbr￿ pri￿. Althe end ott￿£ rwbng ￿￿￿1. tl debt￿S and credit￿5 are d15L¥y￿l& io llEI wes**value. kn Ios8es 8rfslro imp8imierl we rwri8ed in the SI8i>M*ff ￿ FEvKi81 Forqtgn Currgr Tr8￿ctiOnS in LJJwetKies ￿ ￿DrnJBd ai exh8n98 rate rulin9 al ¢Jate cl twffj•dlon. ￿￿8t1ry and Ii8Lxliti88 detKYnirthd in foreign DJnYrKA88 8re retr9rda￿ ot dwng rele5 8t tre b81orKe theet dHtB. All exthgnge dlffeMce5 are indu(*d In Ihe wtht8nd kn$58Cc￿nt STAFF COSTS ANDTRUSTEes REIIUNEIiATION Tl*e ￿re Tr) $1orf co*ts incurred thjring thts year and Th) ￿Ur*r8￿OTr or 8xp•78es h8¥* bew pakl lo ￿ Tntstees In ￿r. C8rt8in ofJCB¥e used bythE F￿ndati￿f￿ m8na9thn•* aTrJ a1m1nk8tr￿w pwp¢)ses ts ￿ch nO¢h￿ L8 mad8. THE LORD BAIIFORD FOLINDATION NOTESTOTHE FINANCIAL STATEMENTS FOR THE YÉAR ÉNDED JI IAAR¢FI 2024 INVESTPIENT INCOME Unrestrlcted Fun 2024 Unrwirjcled Fun45 2023 UK -Equitie8 -Fixed Yrterest . other inve8bn8rts Cfver8eab -Equibes Cash balaThce5 -knterEs1 7.365 3.487 5.266 522 10.857 5,272 1,370 29,270 27.748 INTEREST R￿8VABLE ur*0￿rie1•d Uw85tr1ct¢d Funds Fund6 2024 2023 Bank In1eTe5t￿￿V&￿2 B.447 1.425 ANALYSIS OF GRA14TS Vnrn¥tr*t8d UnrEJtrlctpd F¥nds Fund• 2024 2023 Tr*fdl¢Jwiry mad• ID Iho y88r. F￿r$￿re kne Restoraban c0Th￿Ittee 25.￿ 25.C(K) 25.to) Injured Jotheys Festival IAediG* . Jam85 Do Jo Runnlng for Hammle HOPE f(YTonxwruw CId￿r￿j Local Hlsw Soclety CMC Fuiure stAn1r￿ Churth. Ktrqham IDwd Salierl 1.0110 ao.orKs 80.000 161.000 79,500 are pgid in acryxdance with thg DbjeGb¥os of tr* ¢h•rity and We ￿ld t¢ kyomde 9eMral fun4ting W 5p%ifiG fwdiry to the r8C4pvarts Unrestrlcted Futhths 2024 un￿trICt*d Funds 2023 R￿N¢￿IllI10n of want8 pay•bl•'. Commliments at 1 April Cthmmthnts made intr* year Grwts pgkl Ihe yeBr 15.CO) 161.Cth) 196,Cthl 164.SCrt)I C(thmith￿nts 8131 Mwch 15,C*YJ See 10 for detBlls af co￿￿&￿entS Bt31 Plarth2024. GOVERNANCE COSTS UnrestriGtsd Fund• 2024 UnreBtrKted Fu￿• 2023 2,916 4.542 AL￿lIfees-Th8 aLKIt dthe chari￿5 annual 4.026 7,468 6,879 THE LORD BAIAFORD FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR ENDED 31 MAKH2024 NET G￿N5￿LO$sEs1oN INVESTMENTS 2024 2023 Reaised gainll1055lon invesbnenl 8ssets Ur￿lIsed gainl(Ic6sl ￿ Irweslm￿I 8ssetS 135,187 29.652 149.07TI 128.017) 184,839 175,0941 114VESTMENTS Moyamtnt lth market value 2024 2023 Mart•tv4ueal 1 Aprtl Aow"sSUcffj 81 crKFt s￿es prO￿d Nèt yainqh)$41 on r8V81uaiion8 Jet nX>ver￿l ifj liq￿d a55èts and dep￿ts 1,981,293 5,239.375 14,726.e911 164,839 1253,3181 1,954,516 767.373 I63T.￿8) 17S.0941 1127,9641 Marketvdlueat 311ts 2,405,498 H1￿ClI Msiat31 2,37S,B48 1.842.296 T￿1￿¥8$b￿8nts wa8Th￿y8ed ss.. 2024 2023 UK - Eoulb'88 - Fixed interest . Other in¥e5trne￿5 176.225 417.&57 21e.971 809.853 - Eouibe5 .Olhar invatherts J4260 113072 2.405,498 2.405,498 918.122 Cash b81￿C8S 253P18 2.405.498 1.981.293 The1dl￿ry in¥estmenl$accrxmlftf mL¥8 th8n 5% oflotal inve51mMts'. 2024 ZQZ3 Inveseo Plw"c81 ETC J8ry*¥ Hambro HarAw Balanced Fwd B£ kc 100 CREDITOM$: A￿XIn1* f•lllng du• ono y 2024 2D23 Othw ueditc 10D 7.405 6,625 6.679 7.505 13.204 THE LORD BAMFORD FOUNDATION NOTES TO THE FINAJKIAL STATEMEPITS FOR THE YEAR EMDED 31 MARCH ZOZ4 OTHER PROVISIONS ZQ24 2DZ3 ritable Commitr￿ents 15,(ts) The Fojndallc￿ ha9 agreed iomeke ch8dtablB ye8r￿dIr￿j 31 March 2024 ,ODD 1S.(KK) 80.ODD 15,t¥)J ANALYSIS OF NET ASSEfs BETWEEN UNRESTRICTXI FLINDS Cumt ABsels Currgnt Axed A8$0ts Prov151ons Tot•1 Urnesbfjttwj fthjs 2,405,498 172,465 17.5051 180,0001 2.4￿,456 Thwe 1$ 8 funds d£Z.49D.45B al the yea end. Ufiresbicted fLwKls comprise the tund5 wlxch the Tn￿leeS are frEe la ill a￿l￿rd￿ce wih tharitsblè obj8¢ts. 12. REIATED PARTYTIiANSACIIONS The Foun6*"on ha$ rec8i¥ed don8liwts of£300.UDD12U23. g2￿.(￿￿J). frrqn a TtU5tEe, Th8 Lotd Batrrfotd DL. -12-