2022-03-31-accounts

Ross Foundation Broadening Horizons Report of the Trustees and Audited Financial Statements For the Year Ended 31 March 2022 Registered CompaniNumber: 06300768 ReRistered Charity Number: 1121871

TABLE OF CONTENTS SEcfioN I THE ROSS FOUNDATION 202112022 KEY PROJECTS National Portrait Gallery Univer51ty of Llncoln Medical School David Ross Educatlon Trust Nevlll Holt Opera Han8ing Siones- Goldsworthy Projert Uncoln Cathedral Connerted Brltlsh Paralymplcs Association University of Nottin8ham Saint Vlncent Vokano Rellef Fund io li 12 SECTION 2 REPORT OF THE TRUSTEES AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Theoudltedflnanclolstatements ore appended to the reor olth15 rewrt. Commendnqfvom pope 13 olthls report. Report of the Trustees Report of the Independent Audltofs Statemenl of Flnandal ActfvEtles 131017 18to20 21 Statement of Flnandal Posltlon 22 Statement of Cash Flows 23 Notes to the Statement of Cash Flows 24 Notes to the Financial Statements 25to36

The Ross Foundation 2021/2022 Key Projects Nationol Portrait Gallery -university of Lincoln Medical School Dovid Ross Educotion Trust Nevill Holt Opera ') Hanging Stones- Goldsworthy Projert - Lincoln Cathedral Connerted . British Paratympics Assoclotion University of Nottingham Saint Vincent Volcano Relief Fund

Report for the Year The Ross Foundatlon was created in 2(L17 with the mission to help children and young people discover their strength5 by offerin8 them a wide ran8e of world-class educational opportunitle* We continue to support organisations that inspire young people and encourage them to tske the chance to embrace new skills and passions. Slnce its foundlng the Foundation has supported arts and educational oryanisations with grants totalling nearly £30 million. Our main areas of focus are across the Easl Midlands. Yorkshire. Uncoln5hire and Northamptonshire but we do some work in London that has benefit across the whole country. The Foundation has contlnued to accept applications throughout the year and has seen a huge Increase In charltable requests followlng the pandemlc. We are not able to help every de5ervin8 cause and have tried to continue our focus on supporting and helping our exlstln8 partners with thelr ongoing strategic projects. We partner wlth organlsatlons which promote all strands of diverslty and malntaln regU￿r contact wlth them so that we are able to monitor the Impact of our work and delNer positNe outcomes for general public beneflt. Updates on some of the major projects we have supported this year are Induded In thls reporL Trustees have met regularly throughout the year to consider the donatlons. the ongolng work of the Foundaik)n and disCUSS Potential new projects. All appllcations are consldered on an individual basis and dixussed by Trustees at quarterly meeting5. Trustees erbdeavour to grant fundin8 to projects where there Is most need and where the donatlons wlll be most effectivefy utllised io make a dlfference. Natlonal Portralt Gallery The Foundatlon announted last year its new partnershipwlth the Natlonal Portralt Gallery and 5UPPOrtof The Insplrln8 People Project. The first donations have now been made lo help transfomi the NPG'S bi88est development of its bulldln8 In St Martln's Place slnce 1896. The work Is pro8resslng V￿11 and Is on schedule for C(￿Pletion in Summer 2023. This includes the creation of a new and MO￿ welcomlng visitor entrance and public space on the buildin￿$ North Fapde whlch will enhance the Gallerf5 vislbility and accesslblllty. The room for the outdoor space will be made by openin8 up previousfy closed off areas by movin8 railings and will centrally feature the Henry Irving statue. In recognltk)n of the R05s Foundation's donatlon the new entrance wlll be named Ross Place. IP

Unlverslty of Lincoln Medlcal School The Ross Foundation and Rob Luca5 donated to the final construrtlon Stage of the new medlcal school buildlng at Lincoln Universlty and this prestigious bulldin8 is now training students to be the Dortors of the future. Currently there are 296 students enrolled on the programmes wfth a further 160 due to stsrt courses next year. The Ross Library on the l floor also houses the library collection5 for Medicine. Pharniacy. Llfe Sciences. Health Sclences and Chemistry. The Foundation is also pleased to support the speciallst research teoms of the Llncoln International Institute for Rural Health wlh)se purpose is to improve the health and wellbeSng of rural, remote and coastal populations. r!$ll The opening of the Ross Luca5 Medicolsclences Building withjoftothon Von Tom (Deputy Chief Medlcol Officer), David Ross. Rob Lucas ond NealJu5ter (Wce Choncellorof Lincoln uniVe￿ity1.

Davld Ros5 Educatlon Trust The Davld Ross EducatFon Trust is a network of 34 unique and diverse academies operatin8 in Some of the most challen8in8 communities across Yorkshire, Lincolnshi￿, Northamptonshire, Leicestershire and London. The academles have a comblned pupil capacity of 16,8(K) once all cohorts at the Trust's free schools are full. The Foundation is the sponsor of DRET and monitors the Endowment fund set up on behalf of the Academy Trust. We contlnue to focus on broadenin8 horizons of all pupils and locus on the enrichment actNities of music and sport, encouraglftg teamwork amor8sl all chlldren. The benefits are clear. These opportunltles support the learning in the classroom and give students the experiences that brin8 to life UCAS and job applications and e￿oUrase them to realise the importance of developlng soclal and leadership skills. 88% of DRET Schools are now Good or Outstsndlng and results continue to improve across the board and work contlnues to supportthe remalnlng vulnerable schoo15. We have been delighted to support the return of DRET holiday artivity and residential trips which has had such a positive Impart on the well being of pupils, self-expres5ion and 8eneral morale. I,l•iJ4

Nevill Holt Opera The Nevill Holt Opera had another very success￿1 year perforniing back in the theatre for the flrst time after the pandemlc. The Foundatlon was delighted to 5UPIM)rt the charitable work of the company again which NHO dellvers through the Community and Educatlon Programmes as well as the NHO Young Foundation Artists Scheme. The Festival comprised perfomiances of La Boheme and The Barber of Sevllle at Nevill Holt and subsequent perfomiances travelled to Lincoln Cathedral and to the Sage at Gateshead. j! The Foundatlon was delighted to support the lnTh)Vat￿e"Night at the Opera" project this year In partnership with the Davld Ross Educatlon Trust. the Royal Opera House and The Voices Foundatlon. The projert was deslgned to help delrver a whole temi's worth of musk educatlon to ILX)O year S prlmary school students in the East Mldlands. Over IOLX) students from 22 primary Schools came tO8ether to perform at various venues stngln8 scenes from the Hansel and Gretel opera as well as the Ellxlr of Love. It was a fantastlc opportunity for students to gain such a sense of fulfilment from leamlNd and perforniing musk from memory.

Hanging Stones- The Goldsworthy Project The Hanging Stone5 projert ha5 had a very busy year and the Foundation has had the benefrt of Andy Goldsworth￿s tlme for much of the year to continue workin8 on these important ple￿$ of publlc art in the Rosedale valley. The project Involves a walk connecting 10 contemporary artworks which are created from the footprints of Tuins of ten existing buildings. all in various states of disrepair. The name Hanging Stones su88esls precarlousness- appropriate for a project that looks to re-establish derelirt and seMI-de￿Ilet buildings in order to give them new purpose. thus ar￿$t1￿ thelr Inevttable slkle Into dSsrepalr and in some cases imminent collapse.

Lincoln Cathedral Connected The Foundation has continued its support of The Historic Lincoln T￿￿t and Is dell8hted that the new Education Cent at Lincoln Cathedral is now open and able to welcome children and their families to enjoy many events at the new centre. The Llncoln Cathedral Connected projecl supported by the Ross Foundaiion is a scheme which rad￿alty Improves the Cathedral's settin8 and visitor experience. offering more engaging and dynamic spaces for a wider number of vi5itor5 to enjoy. It alms to engage people in the Cathedral's past, archaeology and orchttecture thrO￿h art￿ltIeS and events to education. inspire and inform. Children love the awe and wonder of visitin8 the Cathedral. Puplls enjoy artfve learning through role-play and dressing-up. handling objects. creatingthemed craft5, listening and just lookin8 around.

Brftlsh Paralympics Association It was another busy year of artrditie5 With the BPA and engagement with the DRET schools. desplte the uncertalntles of lockdown. InnovatNe zoom meetings and virtual sports seswns were enthusiastically enjoyed by many children wlth the Insplrational coachlng of Paralympic athletes as the partnership between BPA and the Ross Foundation moved into it5 second year. The partnershlp has two main objectNes'. to challenge perceptions of disabled people and to encourage grassroots participation and excellence in SFQrt throu8h en8a8ing wlth the younger generation. The 8eijirE 2022 Paralymplc Winter Games held in February this year put a spotlight on the athletes. extraordinary abilities and reminded the world of the power of sport to Inspire the nation ènd the Rots Foundatlon was dellghted to be a part of helping to achieve thls. DRET chlldren enloyln8 sports day at Grantham stsdlum wlth paralymplc *hletes, pre5entin8 theiw medals and host for the day, Colin Jackson. io

Unlverslty ot N¢￿InghaM The Foundation made its annual donatlon to the University of Nottiftgham to continue Its support. This contributes to the on8oin8 success of The David R055 Sports Village which provides world clas5 SPOrtin8 facilrties to all students at the Unlverslty and many visiting sports team across the world. The University is dedicated to sport for all from the grassmots to the ellte. Dan filley, the Director of Sport S￿￿. *le talk about a hollstlc model. trying to be everythin8 to everyone." Unlverslty of Nottingham Sport SPORTS UNIVERsrrY OF THE YEAR 107EII li

Salnt Vlncent Volcano Relief Fund In April 2021 a national emergency was dedared In St Wincent as a result of the Continui￿ eruptions of La Soufrière Volcano. Approximate￿ 17,CXXJ cstizens of St Vincent were evacuated from their homes and were INin8 in makeshift shelters wlthout anyelectricty and no watersuppty. Havingconnections with the Island wheie some puplls from the Education Trust had been on an environmental conservatk>n vlslt. the Foundation was keen to help with a donation. vla the Mustlque Charltable Trnst, to delbver much needed emer8enoi supplles; medkal supplles, such as nebulisers and asthma inhalers: f￿$h water: clothes and meals. 12

REPORT OF THE TRusfEES AND AUDrrED FINANaAL STATEMEKrs FOR THE YEAR ENDED 31 MARCH 2022 13

THE ROSS FOUNDAT1014 IREGISTfllED NUMBÉR.. 116XTh8) REPORTOF THETRUSIEES FOII THE YEAR ENDED 31 MARCH 2022 The trustees who are also dlrectors of the charrtyforthe wrFoses of the Companie5kt 2C•)6. pre5entthelr wth the flnanclal $tstements ofthe charrtyforthe ye1refi￿d 31 Marth 2032.Tr trustees athjpted the provwons of Accountlrs and RepJrtln8 by Charmles: stater￿ nt of Recommended Prattke apk4kabk to th3rit5 weparln8 thelr accounts in accordance w￿h the Flnanclal Reportlng siandard aPF4kaFle In the LIK and Repubft of Ireland (FAS 1021 leffecth i January 20191. Throu0￿)￿ th1$ ￿pOrtThe Ross FoundK>n has been to asthe'Foyndakn'. Obledl¥•s and alm5 The objectives oé the Fwndbn •re w further such thariiablt and ￿ beth such dwrltawe knstitutbn5 45 thè trustees think fft. In p•rtU￿rthe trumees wlsh to 5UPPQrt'. Eth(at¥)nhrnlnlth8and •rtS1￿￿￿Te Youry Feople and other chafftles Causes predomlnantty In the VK n115rwrt •rtMt In June 2014. sublecttovarhyjs Condttlons,l￿ Fourthtlon ayeedtopay£￿,1xK1 perye•rtothe UrA¥Erslty of Nottlniham. startln¢ from NoVem￿r 2018 and contlnulryforthe rem•lrth of Ross. lrft lortorè mlnlmum of 25 ￿ar$I. Durln8 the yeaf ended 31 March 2018 Foundatkn ￿nated £l.g)J.(m to the H15tofk ￿￿01ft TnLSt o¥er a ￿ year perbd In Jpport of Llncoln Cathedral. The paymontfaf the cUffent￿r$, donatbn of£31XJ,(XKI w•$ made after the year end. In Oecember 2021 the F￿ndItIon a8reed to ¥ Offt to the Lbnmln ￿￿1(al SCI￿1 at Uncoln Unfverslty ot £i.co).oc(I to be 41ft8d over the perfod frorn December 2021 to Aprll 2023, subj￿1 to certsln tohdlth)ns. I￿￿nI the ye•r the Foundatlon p31d £250,CO). Furt￿1 detsits th sknWk•rrt m•d• kn thè perfod af• In sectkn below. Grlntmthh The Found•tSon made grants lor other charItib￿ pJrw)ses as detalbed In the notes to St•tèrneM of Fln•rKlJl Artknlle& The tru5tee5 wlll eonslder other S￿41￿er 6rant payments iThJ thnatk)ns b•sed on ￿rIt furthefance of char￿a￿e oblectl¥e5. The Found•tkiTr contlnued fjtstth wlth the •¢ademles whlth11 sporwrsthmWthe Owld R055 Ed￿tIon Trust. Publkb•n•fft rnponlr When rtvlewlrrfthe Found•tk)n's gtrl•ttl¥Ès and •ndln pknnnlryfvlurn•Ltlvl¢l¢s. thetwrtees hwecoThthleredthe Charlty Comm155kJn's 8ener•l 8uld•nce on benefft. STIi4TEGIC REPORT hlMm•n¢ and wlorni•n¢• Charftsbl• •¢tl¥ttl•s Durln8 the yt•f ended 31 March 2022 thè twustss Irtsired ¢fftm?Ke costs In •dmlnlsterfwd tht Fourthtlon and ra151n8 fund5. The FOundat￿n reCE￿ed dmdends based on Its l￿din4 of shaw. Thls Ir￿orne helFd fund the Foun&t￿N$, doA•tK)ns and WFPJrt costs resultln8 in net income of £866893 for theyear •fter the adj1￿me￿10r1alnSfjoSseS on cuwerrt investsneni asset& FIMn¢ll revTew pr￿￿paI fundSw xwc The prfndyl lun(4n8 ofthe Foundatknn i$tr fvnds donjtsd founder Dav15 RD v•sthi•nt poM¢y •nd obJedl¥ts Undèr the ￿MoranduM and ArtklesofAssotW)n, the Found•tion has the pjwevto Invest In anywtytt*trustees see fft. A5 at 31 March 2022 the F￿￿￿atIOn he￿ cash. Sha￿ donated ty DJ¥ld RO￿ other In￿Stments as detalled In the notes to the financial statements. 14

THE ROSS F(XINDATION {Rt61sfERED 1411MBEK. 0631>)7611 REPORT OF THE TrUSTEES FOA THE VTAR ENDED 31 MARCM 2022 STPATEGIC REPORT l768) aThl a reqlstered tharlty IrÈ￿$tTat￿n number 11218711. The Founthtlon ¥ns In¢oryKJratd on 3 2C(17 and corrrfnenced its attfvit￿5 on th•t d•te. The charltsble compary's ￿e￿￿rand￿m and Artkles of Assocl•ihJn are the prfm•ry 8obYrnlng Lxumentsofthp thndauon. The sybscrlbers to the Mer￿10￿￿jffi are the Trrst trurtoes of the Fwrrtl•Uoth The trustees m•yappolrt a person who Is wllllnq lo seThe •$a trustee on sKh tefmastty m•yayeefrom to Iln. Oryanls•ttoMI slrudurn The trustees rneet iegularlyto m•ke dec151oM rtlatlr¥toth Found•th)n. DetalLFoltr tnjsteesarezfven on p•¢e 16. All trustees glve of thelrtlmt frtelyjnd Tro trustee remU￿r•I10nWs ￿￿￿. D¢tsllsof tnistee expertsesand reL•t•d p•rtytr•nsKtlons d15tlosed In the relevant [￿1¢$ of fInanc￿l statemerrts. InthKtkn •ndtr•lnlty ol ￿1Th￿t• The tralnlngand Indurtl¢Jn provlded fof new trustee5 wlll depend on thdr eXLstlr4•ipr￿Ke. Whve neceuary, IndurtloTr wlll be on an Informal basls. it wlll ￿ tallored speck•llytotht Ind￿￿11 •Thl wlll P￿de ir•knln8on ch•ry, flnartthl rnJtter& Rolat•d p•rtl Durln8 the year Nmerous irants •nd th1n•t￿ We￿ p•ld to 47ryarththxs of wldch tht trustees of Fourthfjon ￿ld posf(lons Jth as dlrertor. trustee or ¢ommltte mEmber, DJvid R¢)ss prlm•rlty beln8 IndP4klupl kn¥oW. Furthèr (knll$ oven In the notes to the flnantlal stateffnts. Alsk m•n•yrnert The trusteÈ5 have J (krty to Identlfyand tr rlsks to ¥thkh ￿ ch•thy Is èxp)sed to enwrt appropre contro15 Jre In to I￿¥￿de reasonable assurarte aykn>tfraud •nd wvor. The trusteès revlew the rlsks f•ckn8 the Foundthn 00 a rtwlar bast5 and lak• st¢P5 to mlnknlse or e11m1￿ t1￿￿ rlsks where necessary. The trustees •refomiuktkn8thelrpoky Inthe I￿￿?￿A￿•￿ Investments Dlstrlbutbnsl8rants Safe8uardlng chlklren andulMrnble persohs Ser)us Inddents RtcrultrnenL ¥eiiinRand owlw¥checllryotoffKers Q>nlArt otlnterest In addltion. the irustees have Implemented a system ol fin3ncOal COMroI wherety aN p•ynrts from the FouThJatkn are Ver￿ed two slgnatorfes and the finandal recordsare at re4u&rtru5tee 15

THE R055 KIUNDATIOII IHE615fEAED NUMBÉA: (W)768) REPORT OF THE TRusfEES FOR THE YEAR ENDE031 MARCH 2022 RÉFERENCE A￿lADmINIsTRATIvE DETAXS RrylsE•Yed Compary nuff 063LX)768 IEngland and Wale51 J121871 10 Stjames's Place Lonth)n SWIA INP MrDPJRoss MrsAJBott Mr M W Bolland Mrs M MerC￿r Lady C M Ryder Ms O C Wlndsor Mr H Cartlw lappolnted 5 October 20211 Mr C CT R055 lappolnttd S October 20211 The dIr￿t015 01 the Foundatkin are ￿ tTUStees lor thè Iwjrposes ol charty l•w and thth￿h￿t thls fewrt •re C￿lert￿l¥ relerred to •$ trurtees. Tht (omyny secrttary b not • trustee olthe FtyJndaih)n. Mr N P Tea6le Audlt Duncan & Toplls Llrted. Ststutgry Authtor S Resolutlon Clxe Endeawur Paik Boston unc01￿hlIe PE217 B•nk• Pircl•ys One Stanhope G•te London SWIA INP Sglldton Wthers LLP 16 Old Balley LoThJon EC4M 7EG CHANGE OF IiAME The charltable company passed a spedal resolutJonon4 AU￿512021 charyln8lts namÈfromTho Davld Ross Four*latknntofv Ross Foundatlon. 16

IHE R05S FOUNDAnON IREfjISTERED NUMBER:IWfj8) REPORTOF ThE TRUSTEES FOR ThE YEAR ENDED 31 MAICH 2022 AYEME14T OF TRIISTEES. RESP01451BIUIIES The trustees Iwho arè also the dlrectors of The Aoss Foundatlon forthe purpJse5 of company lawl are rt5ponsibk for preparln8 the Report of the Trustees aTrJ the finarKlal statements In acc￿darKe wth appkatye United Ki￿(￿n <￿￿￿tIng Standards Iunthd Klngdom General￿Attepted Actountifig Prattl￿1. Company Liw requlres the￿￿E￿$t0 wepJrefftr4ndal ststtmtntsforeachfknarKlalI￿l￿hh8lI1è a true •ndtslrvlew ofthe state ol affairs of ihe th¥rtable tompany and of the lrtornkng ￿U￿re% a￿1 aFvlrtatN?n ol resour(e¥ Includ1￿ the intorne and expendlture. of the Chaiitab￿ COrn￿ny10r that Pe￿0& In preparfngthose Ilnan(&l statewents. the t￿Stee$ are rewiredto select sultable accountlng wftles and then appty them ¢onsiAentty; observe the methjds and prlndpbes In the CharltySOftP: m•ke 1ud8t￿￿nts and esiimates ihatare leas0r￿1)le and wudent: stste whether applicable accountln8 Standards hjve l)een lolk)d, YJb￿rt to ¥rty mtterfal ll￿re$ thsdosed ¥nd explalned In the financlal statennts- prep•re the flTrarKlal st¥tements on the corKem b￿5 unkn It Is In•pprowte to prt5umt thjt t￿ ch•rftable company wlll contlnue In buslrbess. ThètrusteesJre re5wr4a￿é1OT kéFrfry [￿Per￿￿(￿lI1IrntOfd5 whkh thx105ewlth FEasonabkarcur4cy•t•rrytlme the ftnarKlal shlon of the chartsble tompaThy and to enablethemto ensureth•ttheflNrKial stateffnts(omK4y th thecornpanles 2C#)6. They are atso re$N)n￿ble for Safe￿ardIng the ass￿$ of tr•rtt•ble compaty and hence fof rel￿nab1È stèps tor tho pre¥eTrtlon dttectknn of fraud and other IrrBuLirlts. In Jo far •sthe trDsteJare 4w•r•; there Is no relevJntJudll Informatlon of whl¢h the charttablecompanvs audltors •re unaware,. and thetrustees have taken all steps that they tyJBht to ts¥e taken to themse￿￿ await of any relv4art audlt Inform•t¥)n and to ertabllsh thot the •re •wa￿01th•t Inlornwvon. Report ofthe truslee$. In￿r￿)ratIng • strate8k reporL •pwod byorderofth tAxrd oltrn5tee% uthe ￿mpIn¥dIleCtOrn on 20 Detember 2022 ènd sJ8ned on th board's beh1￿￿1. Mr Da￿d P J Ross-Trnsteè 17

REPORTOFTK INDEPEI4DEiifAi￿￿5 TOTHE MEMBEHSOF ThE ROSS FOUNDATT014 (REGISTERED NUMBEK. 06aLk)7681 PREVIOUSLY KNOWN ASTK DAVID11055 FOUNDATION Ownion We have aud6tedtheflnancialstatementsolThe Floss F(yJnd)th)n Its'C￿lrItableCOmprf1{Orthe￿rended3l Marth 2022 whlch comprlse the Statement of FinarKki1 Actfvth5, the Statement of FlnarKlal Posffjon. the Statement of C•sh Fk)ws and notes to the financlalstsiements. Includlry a summaryof si6nlftcantactountir% FK1lk￿s. Thetlnancial reportingframeworkthat has been applièd th thelr prep•ratbn Is apP1kab￿ kw arJ United Ki￿rn IKcwntin8 5tsnthfds (United fjngdom Generalfy Accepted Accounting Prnthcel. In otsr oplnlon ihe ftnarthl ststernent>= Bfve a true and falr vlew of the state of the rfvarttab￿ comynrfs Iff¥￿5 •$ at 31 Mafth 2022 and of its Irrtomiry ￿SourCeS and •pplk¥tlofi of resources. Includln8 its IrKome arbd expendilure, for the year then ended.. have been properly p￿p?￿d In accor&nce with Llnrted ￿n$dOM Genern1￿p￿epted Prxtkt; and have been prepared actLYdance wilh the requIr￿nts olthe Compans £t 2W6. 0•4Jloroplnlon We condurted ¢)ur •Jdlt In ¥¢cordarKe whh lrternatknnal stsfKl•rds on Audttln8 IUKI IISA5 IUKII and •p￿￿•ble law. Our re5pon5ibllrtle5 under those standards I￿ further described in the Aud￿1)r$, resp￿S1￿1￿￿esf0r the 4udlt ol thèflnarKlal statements sect)n of our reporL We are Independent of the charitablE comparty In accordance wth the ethtal requlrements that a￿ relevant to our audlt of the fina￿￿11 statements In the UL Includlr8 the FRCS Ethk•l Standard, and wè hove fumlled our other eth1￿1 ponslbllths In accordar￿ wlth ihese rewlreffnts. W¢ belth th•¢ audlt ethnce we have obtolned Ls suffic￿nt •nd apprOPr￿te to pro¥lde i ￿$15 lorour opl￿n. In oudStln8 the flnanckl statemènts, have COnc￿lIed that the Iwustes. usè of the 8olw corKern &515 of •fCDUrtlr In the prepjratlon glthe flnanckl rtaternents Is apkyoprtats. eased on the work we have perfofmed. we h•¥e I￿¢ Idenvfied any rn•terlal urfert•lntles rel•tlnz to events or condftlons thaL fjndhAdwlly orc0lknt￿ety. rnay cast $16nffk•nt dwbl on the chafftablt tompanws abIl￿t0 coniinue as o g0kn8c0r￿eITr for a pedod of wt lelsttwelve morthsfforn when theftn•r<l st¥tenrts are a￿tt￿lISed for l)Jr responslbllltkj 01￿ the rsrAinslblllt￿s ol th• iNstres wtth re¥%rt lo pln8 ¢wrern are descrlb•d In the rethnt 5ectbn5 of th15 report. Oth•f Lnform•tlon The trustee5 are re$FOn￿b￿ foi the othei Inlorrnaikln. The ot￿r Inbrmatknn comprlses the Inlorm•tbn IrKluded In the Annual ReporL other thin the flnanclal statements4nd our Reportofthe Independert Au¢Ytotsthereon. Our oplnlon on the ststements does not cryrtrthe othEr Informotbjn ITr￿ except to t￿ extent othÈNls• t¥pkiity thted In our report, ￿ do not express arry lomofassuf4rKe (¥r<￿5th thereon. In connecl1on￿th Quf aud￿0 the finartlal sM•ments, our respongblllty15to rtad theother Inlormavon and. kn (Sjlw so. con51dor whelher the other Inform3tk)n Is mattrfalty IrKonsistent wlth the finarKlal ststernents or our know obtalned In the audlt or otherwlse appEars to be rnaterlalfy mlMt•ted. If ￿ Iderbilfy such rnèterfal IKon5tstendes or appo￿nt rnatertsl rnlsstaternents, we are ￿quIred to detefmlne whetherthb#￿ rlse to a mthrfal mlsstsremEnt In thtflnartkil sthtements themse￿$. Il, baséd on the work we ha¥e performtd, wè condude that there is • rn•terlal mbstatemènt of thr4 Othtr infr¥rMatW￿. we are requlred to report th•t f•ct. We have nothln8tts re￿ in this ryrd. In our oplnlon, based on thè work undertaken In course of the audltr. Ihe Informatlon ￿￿eTr In the Report of the Twst¢es for the Ilnanckl ￿ar for wtr￿th the ffin)rKlal ststements are wepared Is conslstent wlth the flnaTKYal 5tatemEnts; ond the ReFQrt of the T￿stres has been prepored In accorda￿e wtth aryLt•t4e lepl rewlrenvènts. Matters on Thlth we r•4ulr•d io r•p(rt ￿ w•ptl In the light ol the knowledBe and urxler5tsnd1￿ of the Chorknb￿ i3erMronmentobtslned In the coutse ofthe aud habE not identif￿d materbsl mwmements In the Reportof theTrusteek We havè Th)thlr¢ to report In respett Of￿ followh¥ matters where t 2C4)6 requlres u5 to rtportio you rf, in our oplnlon= adequate accoundry record5 h•ve not been kept or adequate fur our audit nc teen retew trom brnnches not vlshed by u5.. or the finartkil statements are not In agreement wlih theacc(wnllry recwdsaMI rewm& or tertaln dLsckJsu￿s oftrumees. rernunerathjn s￿d￿d by law a￿ not mode; or we have Tr)t r¢£elved all inforn￿￿On and explanathjns wè ryir* for our ￿dIL 18

REPORT OFThE IflDEPENDEKfAUDrfoRSTOThE MEMBERSOF THE ROSS FOUNDAncK4 IAEG15fERED NufvlBE￿. (16¥K17681 PIIEVIOU5LY KNOWN ASThE I)AVID ROSS FOUNDATK R•¥￿Th$fbI1[I1E5 L4tntytees As exptsined rnore fully In the Staternent of Twstees, Re5Fonsibirrtfies, the trustees Iwho are also tr dlrettor5 of charitable company for the purposes ol cornpany lawl are re$￿Tr51￿4e for ￿ p￿parat￿)n of the finarKtsI statemerts and for beln8 ￿tIsfied that tW give a true and falr vw. and for such irrternal ￿ntrOl as the trustees deterrnlne 6 rcessaryto enabk the p￿paratItsn of flnasKlal ststements that a￿ free from materfal mi$5tstement. W￿￿r due to fTrud orerror. In preparfng the flnanclal ststements, the trustees are reswn4bSe for assessing the tharttèble tornpanls abifrty to continue as a golngconcern, dIsck)sT￿ asappllcable, rnatte￿ relatsd knBolr¥ cortrn aThJ ￿lTrIcO￿trn basis of accountlng unlessthe trustees elther lrtend tts IKiuthte the tharitsble coryanyorto cta$eowat￿. orhave reallrtk atternat￿ but to do $0. r resp•￿bIlItI•S1OT¢he Iwdtt of th• •twrtnts Our oblettives are to obtaln reasonablE osurarKe atojt whether the fina￿101 5tstements as a whole are free from m•terlal mfrsstatement, whetherdueiofraudorerror. arbdto Rèpjrtofthe IndependentAudltorsthatlnclude50uropinion. Reoson•ble a$suronce Is a high level ol assurnnce. but is not 0 8u•rantee thot an audlt¢ohduettd In aCcorda￿e wlth1&4s IUKI wlll alway5 detect rnattrfal mlsststement when ￿ exlsts. Misstatementsc•n ari5etrom fraud or tr￿1 and are consfjdÈred materiil If. Indlvldualty or In the a88re8ate. they could r•asonably be eycted to 1rtfiuen￿Ihe economit dects￿n5 of t¥ken on the basls of these flnandal statem•nts. The extert to whkh our prottdure$4re c¥pable of kregutsrltle4 lnthd1￿Irayd ls detlllod beh)¥r. We have Identlfled areas of Law$ rt8uLithJrs w50nabty be expthd to have a rn•terf41 effttt on thE ftnjnclal 5taternents fr¢Yn our general comrnerclal expèrlertt. kn¢)wd8e oltht sector. • revlew of re8ulatory and ￿al corresp)nderKe and through dlscusskjns wlth Dlrectors and oiher rnanagement obtsined as part of the work rtqulred ty wdltln8 St•ndards. We have a150 dbcussed w>th the Dlreaors ard othèr manpgemenr the p)Ik￿$ and wocedures rtlatlry to Com￿￿￿te wlth laws and re8ulatbn$. We cornmunkated laws •nd regul•tbns thrOu￿eArt the t¢am and remalned alèrt to any IndkaUons01 non<ompll•nce throu8hout the iudlt. The wtemthi Impactof dwferertlaws•ThJ rt8ulatlor6¥arscor￿klrnltr. Arstpy. the¢omprry15subJectto l•ws•nd rqul•tlordth•t dlrectty IM￿tt the financ￿1 statements Ifor ex•mpfe ffinarKkl rèportln8 k8Lsl•tlonl Ind we habp 455essed the txtent of compl￿nCe wrth such law5 a5 part of our flnandal 5tstements aud￿. We e¥alu•ted In￿nt￿S ¥rKI opportunltles for fraudulent m•nlpulatlon of the flnonclal SEaterrnts IlncludI￿ rls of 01￿1d¢ of controlsl and determlned that the wlnclpal r￿kS were related to management blas In acct￿￿tIng e5tlmates and lud8ementsl arus of fv flftartL•l 5tstements as FY0vl￿ons for Impolrment on fixed assèt InVestm￿t$, 05 well a5 the rlsk of In•prKowlate lourrls rel•tlry to fund cbsslftstyon. Audlt proCe{￿re5 Ferformed tythe èn8a8ernentteam Sncludedthe Identlflc•Eion andtes￿ryof ff4terS•l and unusualiournal entrs•nd£h•lknilng man•¢emÈnt on kty accountlng e5tlmates, assurnptknns and jud￿ments rTrad¢ In tr P￿paratIO[b of ￿ fin•ncU•l ststernents. We ¢arrled out detalled substsnrl¥e iestln8 oll ludgement•l areas. IrKludln8 r¥¥vArythe ffletht￿ used ty nwn4ement rnaklwlud8ernents and fevlewlrrf how thoselud8emtnts cornpar¢d to Wknry￿r ac￿41 out¢omes. Stcondly. the company Is yJbJect to other laws arKI regulatlons thè Consequen￿ for non- comp￿anCe cO￿d have a rnaterf•l effett on the amounts or dlsch)sures In the rtateff￿￿ts. We Identffiedthe tollowth8aWS a5 those rnosi lety to have such •n effert.. Regul￿1￿1 fewlrernents ofthe Charlty Comm&s1on. Aud111￿ st¥nd•ids Ilrnlt the requlred aurfrt prttethrej to Idemify rw)rtrcom￿￿￿¢ wlth these laws and re8uLqtknsto efiq￿lry of t Dlrectors and other managementand inspthon. Th15 Inspecdon Ir¢￿ded a revlew gf fees for any e¥ldence of norrtompllance and dlscusslons around whet￿r on¥ re¥ulitory Issues occu￿tI in the year. ThrtyJ8h these FYe<edur4 tr we bttamè aware of any )n-compnarKe, we consldtred IMP￿0￿ the [rf0m￿d on the related fln•rkl statemerbt Owlng to the inherent Ilmjtatknns of •n audK ￿re ts an unawId•b￿ rtsk th￿ we may detected some materknl mlsstotements In the flnarKkl statements, tlwh hm property planned and perforrrd our aud In accordante ￿th udif1￿ standards. Thè fvrther removed rKjTr-C0rnF￿1r￿e wff¢h I•w5 and re8ulatlons s frorn the events andtrnnsattiots refkrted In t￿ fina￿￿•1 $tatemÈnts. the less lIke￿ the Inherent￿ limtted procedu￿5 Tequlred by auditing standards would identtfy It. As wlth any audit,Ihere is a greaterrlskof nosFdeiertlon of Irryul•rllles as these May In¥vl¥cOllu￿0Th. intentionalomlwon5 of the override of iTrtemal controls. We are not reSp￿ible for preventin8 rnn<ow1th￿e and unnot t exktttd tts detett non<ompllarKe wrth all laws and reguktions. A fvrther descilptlon of our responslbllhles for the autht of the finandal statrments ts bx4ted on the FlTranclal Repvrtlng Council's webstte at www.Irc.or8.uVaudrtor5re5POnsibilh5. This thcrlpuon form5 partof our Rep)rtof the IndependentAuditor5. 19

IEPORTOFTHE INDEPEIIDENT AUDifoRSTO MEMOERS OF THE R055 FOUNDATKIN (REGISTERED NUMBER: 063(￿68) PREVIOUSiYKNOWN A5THE OAVID ROSS FOUNDA710N Use clour report Thls reFvrt is made so￿lY10the charbtablecomp3rry'sffrnber%as • i￿. knac£(d)rKe wth Chapter3of Part 16 ofthe Comp•ns Act 2¢)J& Our audit ha5 been undertaken so that wé mht stste to the tharitsNe compaffji's members those Matte￿ we are requlred to state to them In an aLXtttors' ￿F￿rt and for ￿ other puw.To the fulkn exteni pernirtted ty law, 7At do not accept or a￿UMe responslbilkty to anyo￿ uthEr than the Com￿nY and the chaiitabje company's rnembers as a boty, for our audfftworl tortNs orforthe oplnknns we ha¥t rnothy Godson FCA ISen*)r 5t¥tulory l￿d￿rI for and on ￿haff of Duntan &Topls Llrnlte￿ St•tutoryAuditor S ResOlut￿Tr Clgse Endeavour Park aoston Llncolnshlre PE217 Date.. 21 Oecember 2022 20

STATEMEP4TOF ANAPKIALAcnvmES IINCORPORAMNG AN INCthME AND EXPf140miAE ￿U1ffj FOR ThE YEAR ENDED 31 MAIICH 2022 2022 Total fund5 2021 Totsl nds Uftrt5trkted Restrkted fun(ts INCOMEAD ENDOWMEP4T5 FROlJl Donatlons and le8acie5 3.379.375 3.382.322 293 Investmènl irK(￿e 35361 35,361 Totsl 3 417 683 17 EXPENDiniiiE ON Ralslng funds 5.919 102 6,021 5,269 Charf￿1￿? •LMt Dorwtlons made I.866￿38 17.312 IW3.350 472,525 cKh•r 146 127 170 Totsl 2 018 914 Net8oln5llbS￿I on Investn￿ts 514.8621 514.8621 709,232 PXTINCOMVIEXPE14DITUAE} 114h671 866,493 122,111 RECONallATION OF FUNDS Total lunds brou8ht forward 11.725,820 1,227 IL806,047 11.683,936 TOT￿ FUt4DSCARRIED FORWAAD 11806 047 The notes form part of these financial statements 21

THE ROSS FOUNDATI￿4 {REGISTERED NUMBER.. STATEMENTOF FIIIAIKIAL POSMON al MARCH 2022 Z021 Total fvnts Unrestwlrteil ReStr￿￿d frJnd5 Total funds FIXED ASSETS Tanglble assets Herltage assets Investments li 12 62A55 I￿69,134 62.855 l.WJ.134 2.463.861 62A55 3 801.976 4.395A50 4,395/50 3,864,831 CURREwf ASSETS Debtors lrnie5tmEr Cèsh at bank 14 7.278,8n 3.556 1.710 7.280.583 803.556 $45 6,5(6,089 1.263.236 8.563A47 65￿62 8,629,7LVJ 9,075.90) CREDITORS AmoLM)ts falllw due w￿h1n one￿•r 16 13519171 11021 1353,0191 11,134,684) NETCURRENT ASSET5 8 276 690 7 941216 12,6C6.7 65,760 12.6n,$40 IIA06.N7 I2,￿.780 65,7fAI 12,6n,5 F￿lD$ Vnrestrlcted funds: General fund Rertrfcted funds.. Beckwfth St. Mary's Church, Nthll Hott North Yorkshlre DREf In5plratlon Fund Hanglrq Stones 17 I2.￿,780 11,72S,820 53,915 3,737 53,915 2,500 17,312 65.760 80.227 TOTAL FU 12.672.srt) IL￿6.04? The flnarKL41 statenrts were •pwo¥d Bowd of TrusTre5 aNI aut￿￿e￿ for tssue on 20 Dttember 2022 aThJ were s18ned on its kéhalf by: Mr David PJ R055- Truste The notes forffl part of these finanaal ststements 22

THE ROSS FOUNDAIION sTATEmEP￿ OFCASH FLOWS FOR TIIE YEAR ENDED 31 PMACH 2022 2022 2021 Note5 Cash 8e￿rntedfr0m oratN)ns .7111 504,077 Netcash lused Inllpro¥ided ope¥atirYdacll¥ttles .7111 ,077 Cash IknY5from Invthh¥aLOb Purchase ol hedts8e a5SCts Pui£ha5e of Investments Sale of current asset Investments Investment managèment fees Interest and dmdends rece￿ed 1572.9661 147,6031 34.369 13.4551 35.361 1496.2541 I,l>J,138 14,8671 Nèt ush Iu5ed Inllprovl&d by IrTr¥estyr4 aCltr¥lts thw8• kn (ash and •wfv•lufits kn th• reportlni porlod C•sh •qufv•krti atthe ol th• r•portlr¥ perh)d I76L1￿5) 1,150,644 J55 931 Cwh •nd c4th at ¢h• Ind olih• r•portlry ￿rfod 545,570 1306 575 The notes form part of these financlal ststements 23

The R055 FOUNDATK￿l NOTES TOThE STATEMENTQFCASH FLOV FOR THE YEAR ENDED 31 MAIICH 1022 RECONCWAIIOM OF NET INCOME TO NEtCASH ROW FROM OPERAIINGAcnvmES 2022 2021 IlotlrKom forth• Iq￿rt1ry ￿rftsd l•$ per th• Stst•v•rtofAMnthlALhthl AdJustnrt5 lor. Losses/lgainl on invé5tmtnts Interest and dividend5 TecèNed In¥estrnent maThagefflent fee5 Ilncreasevdecrease In debtors (Decreasewncrease in credrtors 86&493 122.111 514,862 135,3611 3,455 1774,4941 781,6661 1709,2321 117,5501 4,867 678,333 425,548 14rt luxd InVwo¥ld•d tyopv•t X6.7111 $04.077 j1￿y5150F CIW16ES IN NET FUIIOS At IA.21 C•sh At 31.3.22 Net ￿$h Cash at ￿nk I,Xfj.575 761,0051 545.570 545.570 Depos￿5 IrKluded In cash Currentasset thstrrnts 1263.236 459, 803,556 1263 236 I.220,6851 1,349 126 The note5 form part of these financial statements 24

ThE ROSS FOIINDATION NOTESTO THE FINA140ALSTATEMEiif5 FOR THE YEAR £NDÉD 31 MARCH 2022 AccouimN6 POUOS5 Baslsof Pre￿11￿$ th•fin•tKia rtatornents flnènckl sktements of the charltsble cofftparty, wtht¢h s a pulAk bel￿ ert￿Y vnlkr FRS 102, have bttn prepared In a￿)rdance whh the (harrknes SORP (FR5 1021'knountir and AeFrf)rtiTr8 byOwr6ts'. State￿￿Of Recommended Pfactke pplkablt to charfVes preparlw thelraccounts In acto￿ance wlththe FlnarKHI Rew(Ilnisiandard applicable ITr the UK and Republic of Irdand IFRS 1021 leffecttr4e i JaThJary20191', FlnarKtal Reportyw StaThJard 102 The Flnandal ReFQrtlr% Stsndard appll¢at4e in the LIK and Rewbllc of Ire￿nd, •Trd the Companbes Act 2f•J6. The fknanclol ststefflents have been prepared under the historical costconventlon, wlth the exception of irweslnnts whkh •re induded at market vak. The presentatkjn ofthèffinatxtsl ststeffi￿ I5the Pound (Él. Intom• All lTrcome Is recognlsed In the Statemert tsf FSnarthl Pdl¥ltles orte thE charity ha5 entstlenwtto the fvntx It 15 probab that the Incomi wlll be recéw andthe arnount C4n be mEaSU￿d rellabty. Éxp•ndltyrn LIa￿1￿leS reco8ni5ed a5 expendlture as soon a$thefe is a legal or cons¢nKtl% obIlAatk￿ cOmm￿tIng thè charty to that expendlture, probable th•t • tr•r6fer of e¢0￿m￿ benefrts WNI be requ4￿ In senlemtnt arJ the amount of the oblatlon can ￿ rnea5ured rel￿b￿l. Expend￿rE15accoUntedforonaNX(￿l1s basisarKI h15 Eeenclassthed underheadln4s that a88re8ate all cost related to the utt60ry. Where cosrs canT￿l te dlr•cty •ttrttr¥Jted to partlcuLir headlr¥s they hwe btèn allocated to •rtMtleson a b•sls conslsieiit wtth the use of resour¢es. Grants paya￿t. Iwludlni &)n•tk)Yo m•de to thlrd wrtles In tr further•rfe ol objec1￿5 ofthe F￿ndItIOn, are recognlsed Whe￿ a conMrUtt￿e obligatlon ex15ts that In the payfi￿t btlry urwvoldable not wfthstsndSn¢ th they may be p•kl fvture perlod Graftts offered sutr4ert to condltlons whkh been met at thè tnd tht• •re noted •$ • commltment but not ccrued as eXpend￿￿re. Depre¢l•tlon Is provlded at thE f0lknwl￿4finyII raths In order to Ttte off eKh •ssetv4er Ms emlftwted us•fvl IKe. Freehold property I￿t ffided T•n8lble fixed a$5etS afe stjted •t cost lor deemed cfjrtl or valuatlon le55 accurnula￿d depreclatbjn and accumuknted Impalmnt bsses. C05t Indudes costs dlffj attrlbutatAe to rnJklr4the •sset(apable of operatlng as InteTrJed. H•rw •ii•ts erlta8e assetsare recolnlsed on b•tsnte $i￿and Inltkmwsured •t costwhen wrthased. Assets Ire subsequentfyf ststed at cost less ￿￿rn￿lIttd iMp•1m￿rt kisstk Once acqulred assets wlll be preserved by tht charlty In order to keep ihelr historkal. artL%tlc. $c￿n1￿C, techTr)loekal, 8eophyslcal or envfjr0nMe￿¥1 qual1t￿$ to such a hh astocontdt¥Jte to and cultu￿. Herltaqe assets are to bÈ held lorthe forese￿b￿ fuwre. Tixathn The Foundatton Is a r￿stered charlty and fvj pro￿5￿￿15 COTr51de￿ neeessaryfor taxatksn. Vlhere ()natio￿ are made to the Foundatbn unthr 8iftaid, the tax repayrrntto whkhthe FtyJndatK)n ￿￿t￿led￿5 IrKJudedas a debtor In thestatèment olflnarKknI poshioA. Ful￿ •ccourfl UnRstrfrtedlunds Can be used In accordan￿ wlth tt charftableot4ecd¥es at the d15uetbn otthe tnjstees. Restrlctedlundstan only be u5edforpartkularrestrttEd wrposes Within the Obiectsofthec￿ffty. Itestrthns arlse when specffled by the donoi orwhen fundsare raised for parth%knr ￿$trthd purFAises. The Fourthion ac£¢)unts for IrKome and expenthttj￿ provlled or I￿Urred for a spe(ifk WTpose by treatlng these as restrfcted fvnd& The re5trKted fvnds relate to the 8eckwrth MUSK pm8Trmme. a fvnd in support of St Mary'5 Church Nevlll HOL a fund in YJPFQrt of tt* North Yorkshlre community. a fvTrJ in support of en¥ichmert activities lor DRET academles and a fvnd In 5LlPPOrt ol the hanging stones proieth In North Yorkshi￿. All otherfunds a￿ unrestTthd. Furthere1p￿￿•t10n of the nature and purp)se of eath fvnd Is I[￿udEd In the note5tothe firbandal ststements. 25 continued...

ThE ROSS FOUNDATIO•I NOTESTO THE RNANaALSTATEMEIITS-¢tyrthw FOR THE YEAR ENDED 31 MARCH 2022 Flnandal InslNments The Foundatlon onty enters Into b3SK tlnanclal InStrU￿rtly3￿5aCtlDnSthat result inthE reWgnIt￿Tr of fmancial a55ets and Ilabllltles Ilke Currenta￿t In￿51Th¢nts. other debtotsand tredrtots èfvj b)ansto rtlated wrtles. FSnanclal assets that are measured atC05t and arnortfr5ed COA ate assessed èt the end ofè￿ ￿￿rtIfie perlodfor obletlfve dente of lmpa1rff￿. K oblecitr¥e e¥lderK of Impakfftent Is foun￿ an knPakn￿nt loss b re(ctnW In the Incorne st¥tÈmenL For fkn¥nt￿l assets Me￿Ied tt amorthd C￿ the Imp•lrmert k)ss Ls me•sured ¥$ dIffere￿ b¢￿een an •sseV5 tarryln8 aft￿)Urt and the present vahJe of estlmatrd cash dlscounred at asset's ort8lnal effectlve Interest rate.lf a flnarxkl a55et has a ¥artab￿ Interert rate. the th$c￿fit re for rne•sudr8 any IrnWn￿nt 104 Is the current elfecltye IntèT5t ratt detefmined underiJ contrètt. ForflnaKlalassets measured attostltss kn￿lM￿n¢ the Imp•lrnent lou15Th¥5ured •sthe dIffere￿￿ ￿tW￿n •n 455et's carryln8 arnount and best estlmète. whichls in apwoxlmltknn offt￿ •mouot thattt ¢ornp•ny T￿uld re￿fve for the asset ff It were to b• sold It the finandal repo)￿nI date. Flnancl assets and IlJbllthsJre offjet and the rt amount repDrtd In the stst•ment olfft0a￿Oal when thefe ts is enlorceèble rlght to set off the remIn￿ed afflourts and there Is •n lrtentkni tt sèttle on • net or to reallse the ass•t and settk th¢ ILiblllty CurrentJSset In¥estments cornprfslngof fthd Imièstmènts rtatsd at market value atthe staiemeni of financlal pOS￿￿n date. The 5taternent of fln•nclal artmtles IrKludes tt net galns and bss¢5 arlslrs on revèluatknn •nd dlspouls throuBhout the Feflod. Galns and losses I￿ tsken totr st•leffnt of fin•￿ts1 •rtth a5 theyarlse. R￿lIsed plns and losses on Invèstmènts are calcul•tedasthe dlfference tetween saIespro￿dSand QFenlng marketvalut Ivalutonacqulsllh)n date W ￿ter1. Unreallsed lalns and losses are CalCu￿ted asthe dffererKe betstenthe mjthtva1ueatt￿ perlod end thttand openln8 rnarket ¥alu• lorvilw on 4cqu15￿IOTr date11 lthrl. F￿ asset InvertmeM$comprlslryofrecenttywoduc*d•￿I ￿wIl￿r￿are$tatedatC0SEl￿$vO¥l￿for4rnVperMantnt dlrnlnUt￿ In value. DOP4AnONSAND LEGAaES 2022 2021 Oonatlon5 Glft ald 2.706.447 675,875 293 293 IPIVESTMENT IPKOME 2022 2021 Inte￿stOn cash deposfts Dfvldend Income- UK equrtles 17,550 35,361 17,550 26 continued...

P40TES TO THE F114ANaAL ￿AlEMENTs- (¢xrt FOR THE YEAR ENDED 31 fvIARCII 2022 HAISING FUN ftatslngdonath)fts •NI 2022 2021 FuTrdralslng costs Bank charges 2.395 171 324 78 402 Invstment mlnrfementeos 2022 2021 3,455 4.867 41regate artK>unts 6.021 S,269 Grnnt fundln8 of (see note Don￿￿n$ made GRAIITS PAYJLE 2022 2021 Don•ttns made IW3J50 472 525 Donatl¢)ns #re mpde In accord•rKe wfth thè 014KtP4•s •rKI •lms of the thlrttabhè com￿ry, whkh are ¥5 det•lled on pa 14. Dor4th)ns made cofflpth irarrts P￿ble to acadÈrnbes. pjrtrler orynls•tbns. thE Davld Ross EdLKatlon TrusL $FQrts sp)nsotshlp payments to8ether wth one off th)natlons. A detal*d •MtySls15g￿Yn on the lolbjwlng paqes. 27 continued...

NOTESTOTHE FINANCIALsfAIEMEKfs.uJrtlMd FOA IHE YEAR ENDED 31 MARCH 2022 GRAIIWS PAYAOLE-(orthw•d Thètotal Irants pald to 1rtsthutk￿ durfwtt par wasasfolknws: 2022 2021 Partnerctynbatlorn: Blackwater Must Feslhtal Bdltsh Otymplc ASK￿latk)n Brltlsh Paratyrnplc Association Llwln Medkal School (LI￿OIn Untrrtrslryl Natlonal Portratt G•llery North York5 Moors- La￿ of Iron Nothrham Unfvefslty io,coJ 30,246 50,L 250,IKKI L¢IX,749 307,510 1,652,gJ5 410,C¥)) Oavtd R05s Eduratlon Tru#: Davld Ross EducatlonTrust oRrr Insplr*lon FurKI 1.155 .6 81,845 G•n•r•l on• off dthwtl￿. 8one CarKÈr 8ralnwave East Angllan ￿rAMbUl1￿ £pl￿p$Y￿£tknn Game and Wldth Trurt jarn￿ PIKe Lady fj4rdeTh Fund Mustlque char￿•ble Trust Un￿¢￿$￿Y of Qrntffldge- Hockry •t Fttzwllll•m V￿le￿M Foundatlon Derbyshlro New khoolj Nehwrk ILYJ 250 25,C&) 25 49,( 5,025 Nèvlll Hoft Owd Ltd i(Y),( 57,5C 1.883,350 471525 28 continued...

IHE I10￿ FOUNDATION •IOTESTO THE FifiANCIALsfATEMENTS- (Onlorm￿d F(IR THE YEAR ENDED 31 MARCH 2022 Totsb Other resourcesexFended 28,028 118.929 146.957 JNCOMVIEXPENDITUAEI Net I￿0￿￿1{￿￿￿11t￿re) Is ststed after chary1￿(crE￿rtI￿. 2022 2021 Audlton, rem￿erat￿)n 10.sjo TRusfEEY REMUNERATION JID BEIIEATS Thre were no t￿$t¢¢$' ￿M￿l￿•th)n or other berth lor the ￿T thdtd 31 Marth 2022 I￿r for year ended 31 March 2021. Tru•l¢ei' elperneg Durlng the year th￿e truste•s weré Pa￿ a totsl of £1.716 fgr out of pocket travel exper￿ costs hKuffd thlrd rtles. Dtsrln8 the prevlous year onE trnstee was pakta totsl of £25 fof ol ￿￿ket exFonses. Ith COMPARATIVES FOIIThE STATEMENT OF FWAI•OAiAcn¥iTIES Unrestflcted funds Restrkd fvr Totsl fvnd5 INCOME AND ENDOWMENTS FROIJI DonJtkJns and le8acles 293 293 Invertment Ir￿orne 17.550 17,550 Ttxal 17.5 293 140rruRE ON Ralsln£ fund5 4.945 324 5,269 Ch•rftibl• •thdStl• Domtlofis made 472,525 471525 other 127,170 127 170 Total 324 Pktgaln5 on Inve5trnents 709.232 7C8.232 TIPICOMVILYPEPI￿uR¥ 122.142 1311 122,111 29 continued...

THE ROSS FOUNDATION NOTES TOThE FINAN(14L ￿ATEMENTs.((￿rnd FOR THÈ YEAR ENDED 31 MARCH 2022 Unremrfded fvnds RertrKted funds Total fund5 RECONCIUATION OF FUI4DS Total funds brou8ht forward I1.￿3.678 11,683336 TOTAL FUI4DS CAAIIED FORWARD 725 TANGIBLE FIXEOASSETS Freehold prowrty At l AprS12021 ¥nd 31 Marth 2022 62,855 NET OOOKVALUE At 31 March 2022 At 31 March 2021 62,855 lttluded In costor ¥aluatkn ol l•1￿ •nd ￿lkI1￿ bfreehold land ofE62.85512021- É62.8551 whkh ts not dewedpted. flxed •ssetscomprfse l•nd whlth 6 held fty thirltabbE wrpow. li RITAGE ASSETS Total Addltlons RKlauffkatJon 572,966 At 31 March 2022 WET8OOK VALUE At 31 Marth 2022 At31 Wrth2021 Herttage assets comprtse ol the Gold5WDrthy wojects Ur￿rtIkefi kn the North York Moots. Tlw rtwèsènt artwork wfthln slles of herltage Intrftrt ènd ￿11 ￿ rnalntsined vla dorths from the publt for vwln8 the art vk a pubk dlk between the sltes. TIR fund5 ralstd are malntalned In a restrKted fund reletyed toa$'Ha￿[l Stone5'. Thecosts IrKurred wlorto l Aprll 2021 have Ln rèdaSsffledlntr￿faSthe yoiett dld rX&w¥lQu5tyrt￿e1the dèftnltkn and all crstrrLI of a herlta8e asset. 30 continued...

NOTESTO ThE FINANCIAL STATEMEIITS.MnU FOR niE YÉAR E14DED 31 MARCH 2022 2022 2021 Iiwe5tments There were M inw5tment assets outsldethe UL Investments Irlther115ted nor unllrtedl trea5 folk)¥o: 2022 X121 Artwork cost brou8htforwJrd I￿Ork addltlons Artwork d￿pO￿lS Reclassffktht 3AII,976 47,603 189.SSOI 3J05,722 496,254 3 801976 Flxed asset Investsnentsare stated atcostof acquLsith DEBTORS 2022 2021 Amounts falllng due wlthln OM￿ar.. T•x rep•yment- Gwt aid clabm Other debtors Prepayments •r¢d accnjed 675.875 1,934 259 677,809 8,OC8 Arnourtsfalllw due after rnore thjn one yeJr: Other dettors. NWAII Holt Urn￿1 6,602,774 6,498,080 reyte •nwnts At31 March 2022tht bal•ftce ofiht IDantoN￿lIN0kQpern Llrnlled w•5£6,602.7741202I-£6,498,0801 whkh h•s•twe month rèpayment notke perfc41. Is. 2022 2021 U5ted Investments 803.556 MobEment In current asset Irrtstrnents ccffiprtses: 2022 2021 Market value as at l Aprll 2021 Add￿l0￿S lai mafket value on acwlsthnl Disposals lat marletvalue on dsposall GaIn1l￿$s) on disP05al of iTrvestmert5 Galnlllossl Dn revaluatlon of Invest￿￿3 L263.236 1,684,142 11,130,138) 136,223 573.009 1459.6501 Marketvèlue as at 31 2022 3,556 1.263.236 All current awt Investsnertswereln UK quoted 01￿$t11￿rt* Atthejtarernfdate lTh¥estsnenrscorsbtedof shares in Curry5 pk. 31 continued...

THE IIOSS FOUNDATION FOR ThE YE￿ ENDED 31 MARCH 2022 16. 2022 2021 Otherered￿0rs Amounts thJe to Hlstortc Uncoln Trust Nottiryham Unlverslty Swrts khokrshlps Accrued expenws 41.192 207.684 353 019 17. MOVEMENT114 FiINDS movemert lurK15 At 1.4.21 31.3.22 Lknr•sMrtedfunth General fufid IL725,820 880.960 I2,￿￿,780 R•rtrktsd fvnth Beckwrth Musk St. Mary's Church. N￿11 Holt North Yorkshlre OR ￿ Insplratlon Fund 5tors 53.915 53,915 3.737 6,5 L237 17,312 117,3121 TOTUFUNDS li 12 672 540 Net movement In fvnds, Induded In the atthE 0￿ Jsfolows: Intoml Galn5 •nd Moveffrt In fvnds tApended General fund 3,414,736 IUll8.9141 1514,8621 Restrlrted fvnds Sl. Mary's church. N￿11 Holt DRET InsplratbTh Fund 1.237 1,237 117,3121 117.3121 11021 L710 2,947 17,4141 14,467 TOTAL FUNDS 3A17,683 2,036,328) S14,8621 866.493 32 continued...

THE ROSS FOUNDATI(IN NOTES TOTHE FINANaALSTATEME1￿5. c(rtkw FOR TME YEAR ENDED al MARCH 2022 17. MOVE￿￿47 IN FiINDS.<onknnutd mobment In fvnd5 At 31.3.21 At 1.4.20 G￿ra1 fvnd IL603,678 2.142 IL725,820 Re#rfdedfvrrth BeCkw￿h Musk St. Marvs Chur(h. Nevll Ho North York%hlre DRET 1n5plrè￿O￿ Fund 53.915 53,915 6,500 17,312 17,343 311 31 TOTAL FUNDS 11683 936 Comparnlfve net ftkntnnt In lunds, Incluthd kn tr ère a5 I￿lOW&. ReSou￿e￿ Galns and k15ses Movement In funds Unr•rtrfd•d lun& General fund 175SO If4)4,6401 709,232 122,142 R•strlc¢•d funds DRET Insplratlon Fund 293 13241 1311 TOTAL FU14DS 17*43 604,9641 122,111 Acurreffttpar 12 n￿nths1nd ye•r 12 rThxrth5 Corntinod posltkifi ls•sfolDws: movement In fvnd5 At L4.20 31.322 nr••trta•d fund• Ge￿r•I fvnd 11,603.678 I,￿3,102 12,606,780 R•Mrfaedfvnds Be¢kwTth Muslc St. Mary's Church. Hott North Yorkshlve DREf Insplratlon FuThJ Hanglng Sto 53.915 15 53.915 3.rJ7 6.500 1.237 17,343 117,3431 1,608 80,258 114,4981 65,760 TOTAL FU140S 11,683936 988,604 12.672,540 33 continued...

ThE ROSS FOIMDAT1014 frIOTESTOTHE FINANCIAisfAIÈMEI(IS. tantl FOR THE VEAII ENDEO 31 MARCH Z022 17. MOVEMENT IN FUIIDS. (onti Aojrrent yeaf 12 wnth$ and prlor year 12 comlmned net in Ivnd5. wKluded in abfftJre as lolk)ws.' I￿)mIng 50urre5 Galns and k)sses Movement In funds General fund 3A32286 12,623,554) 194,370 &￿3,102 SL Mary's Church. Ne￿11 Holt DRET In¥)lrntbn Fund Stones 1237 293 1,237 117.3431 117.6361 TOTALFUNDS ••trfd•dfvr The restrfcted fvnds ￿lIf¥the ¥e•r •re ￿tOIl0W>. 8eckwlth mu￿¢. thls represents lundsfor • muslc xhoknrshlp proyomn. St Marfj Churth, N￿1 H¢At-thls r¢presents fur#Js to yjpw •cttr•tts rel•tsd w St Marfs thurch at Nevlll Holt. North yortshI￿ -thls represents fvNIs to gjpport cornnvjnlty prnjetts In the Norttt Yorshlre DREf Insplrntlon Fund. thls repr•Mnts furrfls rllsedto SUp￿rt EnrkTr￿ irtMts•t DRET ac•dernlt5. HJrqln8 stones.thls reprntslunds d)n•ted to makfte￿nCe ofthe man￿nI Stone5 proleEI. D•snat•dlund5 ThE trustees hlvt Indl¢•teJthot they are mlThjedtosuprKJrti￿JOhn Ross ComrnuThy Fund wlth upto£lO,OCQ per•nrwm. RELATED PARTY DIXLOSUIIE5 At thE year end dat•.. 0?￿d R¢)ss donated £2.7mtoihe FoundatSon l) the Da￿d Ross Is the thalr of the Unb4ef51ty (rf Nottirh•m De¥1)￿￿nt Comrnittee •nd • rnernber of the Unfverslty Countll. Unfversltyof Nottlryham provided the use of kn'lr(IESto Da￿d R055 Edu(•llon Trustfor $portse¥ents. It has prevlously been ed. subject to varlous cofidhkins. that Iht trustees lll pay £3LKJ,CfO Fer year to N0116nKham Unlverstty. startlng from No¥ernber Z018 and contlnuln8 lor the remalndèr of Da￿d Ross, lffe lor fof a mlnlrnum of 15 years). The Foundltlon Jlso made further doThatlons 01 £7.510 In 5UPPOrt of a charity trrtnt ￿ld by Nottyn8h•m Unfverslty. Davh4 Ross Is a thrector and tru5te of Davld Ross Edu(atk)n Trust IDRM. ￿ Found*ion rnade a natlon of £1,155 durlng the ￿ar. Donatlons of £80.690 colberted tythe Founrlatkjn In SUPKK)rt of OIIET were p•KI on to OR￿d￿ring the year. D•y￿1 Ross owns tIR swrtyat Park Farm. N￿1￿1 Leicestershlre has been dertbped Into a fam for use bythe DR￿ a(ademles. DavKI Ross is chaI￿an Trurtee of the Navonal Portrall Galery. I￿11￿ the )wr. Found•tK)n re¢orded th)natlons of £4,750 frjr e￿ts horted on behalf of the GaI￿ry. Tr Founthtiort has tommrtted to make a donatk)n of£3.5m In support of the NPfj Insplrlng Peo￿ proleci sublert to certaln cond1dDr￿ Durln8 the year The Foundatk)n rn•de <h)natlons of EI,tXXl,OOOforthls Fwjert land a frjrther £5￿.[m￿l to sirKe bwr*ThJl. continued...

THE ROSS FOUNDATIOM NOTE5 TO THE FINANCIAL ￿ATEmE111S. FOR THE YEAR ENDED 31 MARCH 2022 REV4TED PPJITY DKLOSURE5.dth. Dudng the yaar the F￿1bdav0n pald £50,(K4)lor a ￿natI0ft 08reed In y￿r. Durfngtheyear. DaWd Rosswas a tntsree ar￿ dlrecthrofNew5ctr￿1sNtt￿The FoundMknn made ¢kJnattJns In the wk>r aiof£5,(01 St Mary'5 Church ot Nevill Holt 15 0 decornffl￿￿Jned c￿[th owrd by Da¥ld Ros5 and used by N￿11 HO￿opera and the ILKal comMun￿V for communty and ¢roup events. In an eadr ytar. a third-party donor made a restrkttd donthn to the FouTrdètl)n In sUP￿rt olst Mary's Church. Thls rs slJwn a5 a restricted lund in these firwrtr41 statèments. In th1> yejr-end. the Fou￿tatIOn rect￿d a rt5trlctÈd th)nath)n of É1237 In gUPFOrt ofst Mary's Churth. David Ross is the ultlrnate benetklal owner and Nick Tea￿￿ and Henry Carfing are Dlrectors of IOSJP Ilnvestmentsl Ltd IformerlyKandahar Iiacksonsquarel Lirnited IKJSII. On 31 AuKust2019. fvtrusteesentered irrtoa servkedofficeagreernent th KJS¥t • r•te of£9.WJ p￿5 VAT plus • sh•reof offke costs Inty￿d per annum. Thls •8reement ended on 31 December 2021. At the yearend there We￿ no baL•rKes owlnqto 105JP (l￿estMents) Ltd. Nkk Teagle Is a Dlrectorof Oavld Ross Educatkln Sertes Lln4thd •r4J Great Éaston Llffated. He k% 4150 a m•mlJer of the flnance commfttee of the Da￿d Ross EdU￿tk￿ TrusL DurlnRthe ye•r gf•nts and don•tknns were made to some oftht0￿rAslt￿x￿1S Ilsted atthtis detslled In 6. N•vlll Hott Ow• LFmlt•d In early 2013, Nev411 Holt Opef• was established at Ntv411 HolL th? Lékesterthlrt Ixrnt of D•¥hl Rou. Untll March 2015, th y￿re capjtal of Nevlll Holtoptra Llmhed was 07d trfyTt￿ FtyJndath)n atwhkh polnt It dorthdthe whole shartcaphl to N¥lll NO￿ cornMun￿ Arts, a rI¢￿tt￿d(harlty. Untll Summèr 2016, the Opt¥a wa5 pprf0rrn￿ ITh a tèrnp0￿ry structure housed w1th5n the stable blocktourtyard. Followlng the 2016 se•son, Nwlll Holt Optra beyn • pro￿1 to bulh4 a permO￿nt Theatre on S￿ at Ne¥lll NO￿ wlth InIt￿l wgrks fundtd bya 5hortwttrrn roan provkbed by the Foundatbn to NevlN Hoh Opera.The Foundath)n has been In dlabKue wlth the Charltle5 Cornmlsskjn fegardln4thefornwnsthn of a 50yearsecured loan made bytht Fovndatb)n to Nevlll Hok Opera and 50 yèar of prowrty under a Sub￿aSt FsJJThJatbn to Nlll Hott OpÈra. TNS wlll Jt alon8sldÈ a head lease 8r4rt•d by Oa¥hJ Ross to the Fwn¢l•¢lon ft>r• p•ppvcryn rent. The Nevlll HoltOper4 Urnltedls rootsd kn Jcre•lhYJrts•rKI desWto ￿•te. Imstln •nd sl1PPOrt￿unI0f￿l$h talenL At thy¢•rerf a b)art ol£Q602.774 wasod ty Ne¥kl Hoft Owa UwA¢edto Found•tlon12021. £6A98.0801. The FoundJtloTh rn•de J grantto Ntstill Hc4t OFera of£llJ).thXI dUrt￿t￿ wir. The Foundatlon od £l,ISS to the NevlN HO￿0p￿￿ at the ￿arend. The David Rou EducatK)n TrusL of which Dwd RO￿ ty • dire¢lor and trustse. m•intslns tr t¥id Ross Educatlon Trust Endowment Fund. whth ts •n exempt ch)rlty. The FuThJ was ort8lnalty ueateil to hokl the endowments to te paltl W the TrUst'ss￿nsO1,thÈ Davkl RossFoundatknn Irmiwthe Ross F￿￿ndatIOn), fof the Davld Ross Educatb)nTrull Endovmient Fund, Ind In cortsultatloThwlth the Departmentfor EdUCa￿on and thecharlts Commb5h￿ the scope and oblettsof the fund were •mended. P•yftnts totallin8 £2 mill￿n were or18inal￿ made in acwrdlnce ￿ a ￿Yment KhedY￿ 08reed with the Dep8rtment for Educatlon. Tr Founthtk)n made an addit￿￿1 donation of £ico.rxx) Into the Endowment Funds in september 2012. Further donayons teen made tythe Foundatk)n sybsewent￿. The Endowrnent Funds trustees are re5ponslble for deterrnlnlry the specfft uses ol Endowffnt Fund IrKorre. whth ￿11 be used 19 counter the educatlonal lrnpatt of dlsad¥anta8e and deprfvatb)n, for edUcat￿)nal Thls IrKorne str￿1￿1d be used to rreet the nom)al runnini¢osts of •n academy. 201V2012 Ihe Secretary of Stste for Educatkjn relaxed the corn11￿On$ fw the use of capltal element of the EndowmenL whlch can now be to fvnd projects In wlth the objects of the tund. The current wllcy of ihe Trust Ls that rfthe capital k utilt5ed inthis rnan￿r. then St will be replenished ostrtirne back to thort8lnal amount. 35 continued...

N07ESTO 7HE F￿N￿sTATEME1￿Ts. (ont1Th￿￿ FOR THE YE￿ ENDE031 MARCH 2022 In Cwmber 2019, the trustees of ￿ Davld Ross EduCat￿n Tmst and the Foundatk)n Signed me￿randUrn of a8reement r+c0nffimi1￿ understsNllre of glfts made ￿ the Foundation to the tW5tees ol the endOW￿ntIunds of Oft￿4￿d confinnlry the ORE[ twstees. responsibilities to rebulld S•an Honry. th S•atod Man The F￿JndatIDn ownsa sculF4ui bY￿4n Hefiry whlrh was ￿lInal￿4 shedon land 0¥ff￿d by Davkl R055 in North Yo￿ShITe and accessibbe to the zerv•l wblt. lfi b fv year, the sculpture w8$ ￿k￿ted, on h)an. for publk access at the Yor5hlre Stulpthie hrk The I￿n •ueement w•$ renewed wstyear end on 28 Aprfl 2022 thè 28 Ayll 2023. Duringthe year, the Foundation irKwred exFemes of £572,96512021 £4￿1.578) In tonnecibn with an art undertaken artrt An¢fyG(Ad5)irthyln R05edale on lar￿ owrd ￿ D•d Ross. On completh)n. thei¢￿TrI swbfic ¥AlI aNe to walk a rovkn. ¥lslth4tr th•of each plece of •rL In 2018, the Foundaoon ￿ht 8.04 acre5 Ot land at Ishleyto bE leased to the IDcal Paith Councll. At the s¥me tlm•. D•Ad other parcels of nelghbourlng land from the SeI￿r. R055 trK+lds a¢cw rl6hts tyler the l•rvJ owned Foundatknn oJ•¢il LhJrtn8 ihe year the flD•l th)n•tknof£60,W) w NYMNPAattrltArtabletothE Prtor￿ar wa5 pold bythe Found•tkn. Thls conseN8ik)n. protectkjn •nd educatlon projert undertak•n In an am ot th¢ P•rk Authorlty whlch I0¢￿deS L4rO owned ty ti•Ad Ross. Durfn8 the year, DavKI Ross Irurred expenses of £l,SOO to be re1M￿r5ed to hlm. At the yur •nd ho was tswed £1,52512021. £251. Martr Mercleiwas reknburned £92fortr•¥d e¥perdu lnujr￿1 thrlnl they. Henry Carllngwas relmbursed £124 10rcrfrt￿.F0¢kerexpeM¢S Inwrred In the yyir. I￿ IKTIMATE CONTROLLWIG P Thè tharlty Is controlkd by t￿trUStee$. LEfaAL STATIIS The F￿nda￿ort lsa ¢fjmyfty Ilmltedby8uar¥rrte•and h•sno Share¢¥￿1. The MatAirtyof•ach mernber Inthe È¥errt of i wlndlrq up Is Imited to £1. 36