FOLINDATION ANNUAL REPORT IReered with tb¢ Ch*rity Comjttkn No: 11232721
LOCKWOOD eHARrrAB[ FOiiNDATI TRUSTEES The Tithc B Guildf4rt GU3 IJW. 1123272 REGISTRATIOY4 AUDfToRS F. W. Smil Ricllea & Co. 15 VthitcbalL L4)nik)n SWIA 2DD. BROKERS AI¥D Nigbttngale Hi)u8 65 Curynn Streel WIJ 8PE Hoare & Co.. 37 Fl¢& Str ndon EC4Y IBT.
THE LOCKWOOD CHARTfABLE FOUNDATION Contents of the TrID4nttal Statements RqN)rt of the Tn]ste Statcm¢nt of Financial Activiti&
THE ILICKWOOD ABLE FOUNDA oy4 REPORT OF THE TRUSTEES twrRODUCTION The Trugteo8 present their report logdherwith th¢ 6Dancial statetnents of the Fowidatioll for tILe y¢ar end 5 April 2021. The rert and financial statonents have Fw] preparaa in aco)rdance with the aLwullting policies 8etout inLote I to tb¢ financi staÈem¢nts aad c4)n)ply withtheFouthtion'8tru8t dee4L Th¢ ChaTitic3 Act 2011 and ALXOUnting atKI Reporting by Clwitiw of Rtt(xnm¢ndcd Practice appli¢abl¢ to cbarities pr4)aring their accoutS in accor with the Ftnanci81 RettIng Statmjard applicabl¢ ill the UK alld the Republic of Jreland (FRS102) (SO >Jitioll). 1123272 The Tnee8 who 8oved the Foutmlation duTiDg tbe year wtt¢ as follow3: Dr li K. IA)ckwl The Pri1paI activtty of the Te5 is to aN>ly the of the Found*ion for genezal cljaritsble PUTpose8. Theincom¢ oftheFoundatiollwhichamoullt&J to£303.3(KI (2020.. £313243). is mainly generat&lbythertUrn8 returns. Grants and donAtiOL8 to thchaTiti& whith8mounts] to £125.0(K> (2020: £430.755). are made bythe Foulldation followingearethl CLiLderatiollby theTrusteu and the expoX&lb¢nefitthatthe donAtion will Theirpo]ici¢8 apply to thecuThcuÈ period and arc ¢xpthd to be applied in fityJr¢period8. setting th¢ doDation makillgpoli¢y for tILe year. may be aA)oiutcd by a rcK>lLrtion of the Truste Tnkn are illdu and tixined by existing Tntee8 and ¢xtallal providers as rquiTed to eDSUTe they areableto undatake rDle as a Tnkn as by applicabl¢ law. All dlS10S rdating to tbe Foundation made by the Tn as there ar¢ tKJ t4Dploye¢s. The Trn# have given consid10nto themajorrisks facing tIL¢ FoutLd8tioffj nJaiDly inir8p¢Gt of invutmcntperfonDauc4
IIEpoi¥f OF THE TRUSTEFS (Continu) inter¢st of £nil (2020: £2,353) and dividend8 (tr¢iuding fixed coupoll interest amouDts) of £303.3(K> (2020.. £310,890) from its investments. Grants dotionS totalling £125.(MY) (2020: £430.755) hav¢ made in fiuthttaTLce of tbe Founthon's objectives. At the ytar-wd dat4 the Foundation h¢ld TerY¢S of £5,553.060 (2020: £4.486,795). of whi¢h thcrc were rtt) restriL#ed During th¢ year amlal 5° April 2020. the value of the Foundation's InvestttL¢nts fell a Si1£¢allt allKMllrt a result of the oLset of the COVID-19 pandenllc. The tru8tce8 arepleaseto ryrtthat at5tbApril 2021, theMatk& Valu¢ofthcthIwts badsi8llifieY[over& and ar¢ tbeirprtrpatidemic Valuatio The kvcl of grants thuillg the year h&$ unfortuJMtdy faUeTh as aresuit ofth¢ g¢nerdl 000 activity (usedbY Ik cOVID-19pandemical lockdWithitithe Uniknl KiDgdonL Tti into acwunt the significattt pT&ssJr¢8 of the global cov19 paLthi4 the TnLs¢e¢s are RESERVES POI,ICY appropriate tohav¢a1d oPr&8V enabletheFowthtionty genaate sufficient jllvesfLCDt iuccdlle forthe Foundationto continue th¢ rn)g¢ of clwitable giving that it ruendY uvdath. togth with grants and donations from r&strv¢s if it detlS the relatcd or donation will the the FouthlAtion'8 objecti The Fouodationreported4n¢t increa8ein fiu]d8 forthe yearof£l,066266 wincipUy&q areIt ofthe novuy of the global finktrial m8kn fn)m the COVltk19 paknic and th¢ redU10n in the l¢vd of nThd¢ dunD8 the year. As shownonnot¢ 10. page 14, the ts urtr rewYc8 at 5 Awii 2021 werc £5,553.060. - "XXdituYe envisaged by the Thjstwin 8cc4)nkn wAth the Foundation'8 objts. The Tnte&S believe that funds sknuld be inv48t to provide the M]UM totsl return ¢enSra with the level of tisk a8r¢¢d . between itself alld its adm80. Overnll, the Forfolio 8lwuld provide the opportunity for rAPitai ad in¢om¢ In the future, the Foundatton plalls to rtuxIo its Inv retrjll and to disthlyjts the Foutida*ion'8 The TDJStee8 have a&8essoJth¢ rnajorrisks to which theFouJM]ation is ex in particulartlK)se Telatoj to the operations and fillallK8 of the Found& a1 is Mti8fied that syste are ill p]ac¢ to mAliWe the ¢XPDsur¢ to th¢ major risks.
THE LO REPORT OF THE TRUStEES (Continu) applicable law and regu108. The law appliiable to charities in Fg]3Th1 & Wale8 rwirts tbe TnLst to prwe financial statejnents for Kingdotll AcLx)unting Standarth attl 1]cable law). The TThees must not 4>prove the financial statements unle88 they are Satisfi that they give a true atMI fair view of the state of affairs of the Foundation and of tho Incomi rc£our and application of resource4 iwluding the Irne and expdityre, of tbe Foundation for a) 8ele£t suitsble aCcMti wlicic4 and applytbem cOn8t•. b) obrve th¢ metlLod5 and principla8 in the Ckwities SORP: d) State whetherapplicableUKAcLx)untiDg Statx1arth haVebe followaL subjtt0 anymaterial dq)artur¢8 The Truste¢8 arer&s1l)l¢ forkwiDg sufficient COUnting rOrdS that disclose withT¢asonable accuracy at anytimethe fllwiciaiposthon ofthc Foundatioll and enable to ellsurcthatthe financt81 &*ements comply th tlLe Charitia Act 2011. the Cbatity (AOllts aDd RwrL8) Regu]ations 2(M)8 and the PTOTrISl08 of the trust de¢Lt They are also re$&1)1e for sar¢g1ng the 8&8ets of the Foutxkn and hell for taknng In so far as the Tnte8 awar b) thc Tru8tec4 hayc taken all sty that thcy ougbt to have taken to make thatlveS awar¢ of any rel¢vat Approvedby order of the b0d ofTnJ8tre5 on 28th January 2022 ar#1 si] onits b&Mlf by.
NDEPENDErir AiJDrr OPINION We havc audited the fJtiaLcial of The LoL Clwitable FouDJation {the,clrIty') forthe ye4r ended 3" AlI 2021 wbichcoM the Ststullent ofFinawial ALivilio the Balanc£ Sheet atul notes to the framework that I8 b¢oJ Mpplied in preparth is appli¢abk law 8nd United Kingdom Acutig Staadard4 InchIllg Fillala1 Reporting Standard 102 The Ryrting Standard applicable in the give a true alld fair view of the state of the charity'8 affaits 88 Ot 5 April 2021 and of its ineomitig PractiK and BASIS FOR OPINION We conducted ow dit in accordanc£ with IntenxtioDal St4ttdards ott Auditing (UK) USAS (UK)) applicable law. IrpSIbilItiesndCrthoac slandarth tt f(wdesCri intheAuditor's r¢swnsibilitie5 forthe audit of thefiDancial statements section of our T¢rt. We are itthpth of th¢ olwity in ac& with the ethi¢al requir¢ments that ar¢ releyantto our &Jit of the financial 5tstements in the UL including the FRC'S Ethical Stalldar and w¢ havc fillfiUrAI our (ber TnSibIlIti9 in aCrd Tvith these requiremats. We be]i¢v¢ that audit evid w¢ have obtained is suffici&rt aud appropriate to provide a CONCLUSIONS RELATllYG TO GOING COIYCERN conditions thaL y11VIduallY orrA)llwtivdy. nw cast 8igDificartdoubt on the ¢harity's abi]ityto as a going concem for a wiod of at least twdve montlkq frojn lYh the fjll8llci st8t¢ments are authori5 for relevant sections of thi5 ryrt. OTHER FORmAoI4 State0 8nd our &uditor'8 report there4)n. The ttIL8tet8 are res911¢ for the oth¢r information contsined except to the extart otherwise expli¢itly 5tat&l in our rqhrt we do not any fonn of assuranc¢ )Jolusion thereoTr Ow respornTriJity is to re4d the othtt ittforniatiots in doing 80, (x)nsider whetbel the misstatemetjt in the finallciaL statunats th¢ms¢lves. IQ ba8&J on the work we have pcrforme4L we nclude W¢ bavenothing to rwt in this .
THE LOCKWOOD CllARrrABJ FOiJNDATION INDEPENDENT AUDITORS? REPORT TO TIIE LOCKWOOD CHARTTABLE FOUNDATION W¢ hav¢ thIllg to rqh)rt in reSpt of the followingmattos ill te18tion to which the Cl)aritie8 (Acllts aTrJ Reports) Regulatio% 21J08 reqwtr us to r4wJrtto you 1£ inouropini RESPOIySIBILIT OF TRusfEES As eXplaInmoTefullY in the tnth. resp)r•%iliti¢s statenrnt 8¢t out onpage 3 thethte¢s ar¢reyDsibl¢ for the pr4)w&lion of tbe fitwicial *atements alld for being Satisfi th2t th¢y give a tsue at]d fair view, Bnd for such intenjal control Lq the t¢¢$ detaniine IsnSary to enabl¢ th¢pTepar8tion of finBnoi818t&tema Inpreparing the finala1 swonetsts, the trt$ arc r¢8PODsible for $3]g the cljarity's abi]ity to eonti a going dilosin& as applicabl4 mattery r¢latcd to goin8 CO using the going ci)llcem basis of acLouty unlu8 the eitlw iDtrnd to liquidate the Cklty or t() Ce operntion8, or have rm) realistAC ait@Dative iY]t to do so. Ai]DITOR'S RESPONSIBfirnKs FOR ThE AtJDft OF THE FINANC STATEMENTS We bav¢ iKen apIllted as auditoruTrl¢rtl0ll 144 of the Charitie8 Act 2011 al report in a(Wra wAth opinioL Reasonable &ssurallcc is a higb level of a&surdnc4 but is not a guarantee that an audit conducteA iti irrcgukn'ties, illcluding frau¢L The extent to which our Proced ¢apable of dthtitig i•itics. itioludiD8 is detaileJ] below: with tb¢t¢w as well as Co$1deratiOA as to wIe al fraud may in the entity. The following law8 andregulations wae ithtified a8beiDg of SilficanCe to the entity.
THE LOC OOD CHARTfABLE FOttNDATIOF4 INDEPENDErfr AiIDITORS' REpoiYf TO THE [A)CKwD CHARABLE FOUNDATION AUDrroRS IIESPONSIBDJfIFS FOR THE AiiDrf OF THE FINANCJAL STATEMINrs (Continued) and noTr¢p11aW¢ with laws and regulatioDS) (Wris of: enquiries of managetnent and those chg with governat¢ &8 to whtther th¢ entity complics with such laws and regutations. enquiries with the same conccrninganyacb]al Orpotenti IltitiOn0rCLairns&rd a¢tualoTEthtial breathofregulatl0 ills410n perfornwe of al1YteaI rniew to identify ulleXp nLOVCTn¢nts in account balws wbic]i nwy be indicative of frdu including frau is Eimitsl by the inherent dcUlty in detccting itrwlatities. the efftive of the entity'8 fraud may be inh¢rently more diffiryth to thall itregularities that result from em)r. As explained abovc, there is all unavoidabl¢ risk tbat material misststanents may be ev thougb tbe audit has I A fjjrthcr d&8criptiL)nof ourrwn8ibilxtses forth¢ audit of th¢ finla1 statQJts is Ioe4ted onthe Fil181 Reportiog Council's websiteat: our auditor's Tepo . Thi8 dw1pt1ollforn partof ItSE OF OIiR REPORT This repxt is made solely to the clty.$ trustCA a8 a bly. in ardallce with Part 4 of th¢ Cl]aritie8 (Accounts and Reports) Regulations 2(Xi8. Our audit work bas becn ulldeJt8k so tbat we migbt 8tst¢ to the Chity'S tnte¢S those matters we areTquir&i to ststeto thun inan auditor'$ report andfor no otherpuw. To th¢ full¢s¢ extCDt pemjittal by law. we do n( aw or assutne rtsp)n8ibility to anyone Ot1 than the charity alld the cbarity's tn)St as a body. for audit worL for this rep)rL or fLY the opillions we have fornieAL F. W. Smity Riche8 & Co. IS Ivhitehall, Ith SWIA 2DD. 28th January 2022 F. W. Smitty RIGI3 & Co. is eJigibl¢ for 8pptijnti 88 au(litor of the charity by virth¢ of its ¢ligibility for appointMt auditor of a &)mpw]y under se(ion 1212 of the Conw1 AL 2(.
THE LO iiNDATION sTATEMr OFFtNANCIAL AcrIvrrIL8 FOR THE YEAR ENDED 5Th AFR 2021 2021 3033 313243 TotAI Income 303.3(KI 313243 Clwitabk activiti¢8 125.CKK) 11.647 430,755 1816 Total reaources expended 136.647 433571 Income and Det rnovement In funds before gain$ l Oossts) invethents 166.633 (120J28) Unrea]ispJJ gain/ 00&8) on tnv¢stllTht &wts 6 Realised gain l 0088) oninvestmfflt 829,021 70.592 {964.603) (185J23) io 1,066.266 (1270,254) T<kni brougbt forward io 4.486,794 5,757.048 io £5S53.060 A.486,794
BALANCE SHEEf AS AT W AFR 2021 4,42,62 4J05,561 34.107 3,135.861 47.287 2243,546 Ca8h at bank 3.169968 22.833 cREDORS. Amounts falling due witbin one y¢Ar (9.(iK)) (9.600) ET Ci)RBENf ASSETS 3,1(IlJ68 2,281,233 TOTAL ASSETS IESS CURI1 LIABItITIES 7.653,OfA) £6,586,794 cREDORS. Amowits falling th after one ytaT {2.1,j) (2,1,000) TOTAL NKf ASSETS £5.553.060 £4,486,794 Fundy of the Foundatio divided into: io 5.553,030 4.486,794 £5,553,0(4) £4,486,794 The finallck stat¢roots onpaga5 7t0 15 were wvalby theTnth& on 28 Jatluary 2022 and signed on its bf by:
LOCKWOOD CHARTTABLE FOi]NDATION NOTES TO THE FINAY4CIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2021 I. ACCOUNTING POLICIFS a) BAS]S OF PIIFTrARATION Charitics.. StatcttLent of R0mended Practice applicable to c])arities their att$ ill acc4)rdance with the Finallci ¢titig Standard AppJieabl¢ in th¢ UK and Rwb]i¢ of Jrelalld (FRS102) (8etond &lition) - (Chariti& SORP (TrRS102}), the Fina101 Reporting Standard applicable in th¢ UK and Rryublic of Treland (FRS102) afylthc ClJaritie4 Act 2011, The IA)ckwo(xl Clwitable meds the definition of a publi¢ beAth ¢ntity FRSiO2.
ated in tlje relevant a¢couDtiog policy note or note to the financi statanents.
of tbc ptiOn availablc to it within the FiDancial Rqx)ItiDg Siandard app]icable in the United Kingdom and Rwblic of Irel8rKi (FRS 1021 The TnL8t*8 consider that th#e are no D]ataial uncethti&8 about Foundation's abi]ity to continue 88 a golng concexu and (x)nStitUt a pub]ic alty as defirked by FIiSIO2. also rWIr tb¢ Ttea to exercise the1rjudg¢t in the process of LYing th¢ Foundation'3 accounting policie6. Th¢ arw involving a hightt degret OfjUdg or fA)mplexity, or arw wlnr a&8utnptions and &stimatcs arc sigrrificant to thc fiDawiai statenrnts. are disclosedin JM)te 2. b) INCOkfE REC(ThrnON All is rewgnis&J once the Foundation h&s to the iDC4)m¢ it 18 probable that tbc . ' inc41me WillixTlvea alld the amount of income rcVabl¢Can b¢mea8ural reliably. DonatiOD8 are r08Dis once 1ve& In the eThl that a donation is SUbjt to conditions that rwirc a levd of pufonDantt ror¢ thc FOUndOn is entitlal to the fuDls. the itwme is deferred and not re{x)gDl until ¢Ith tIw8e cwjitions are fully or the fiLIfj]m¢nt of th08e conditi0Th4 18 ' wholly within the control ofthe Foutthtioo al it 18 probable thst those rx11ltil)DS will be fillfilled Tnterest on fundsljeld ondeposit is in¢ludedi¥henreIV&bleatXIthe antbemes$urrejIabty by the FOulldati tbis is norn]ally up)n notifi¢ation of the inter&8tpaid orpayabk comovttiDg tkn Foundationto that expendittlle. it is prd)able that s&tl) will be wuired al the amouDt of the obligation can be Measur reliabty. All ¢xpendittwe is ontaI for oll an acLwals basis. All expenses inciudiug support C4)8ts and
io. ABLE FOiJThDATION OTES TO THE Fll¥ANCIAL STATEMENfs FOR TIIE YEAIi FfqDED 5Th APRIL 2021 (Continued) I. ACCOiINTING POLICIFS (c(mtinued) c) FANCIAL IFISTRUMEN13 Thc Foundattoll bas cb08en to adopt SrLions 11 and 12 of FRS 102 in rw of fjnancial Debtots and cralit0 with no afyJ ]lltal e atKi e1vable or payable within one year are recorded at traDsa¢tioD wic£. Any aTi8ing from Impai TwLigniseAJ ill Statement of Fillallck Activity. Financial a&sets and liabiliti&% and the attLOUDts pr&41 in the fillanci statements wh¢nth¢re is a legally enforcthlc rigbi to s& off the rgl5Cd amounts and ther¢ is an iTttctstion to settle on a n& basis or to rvd]ise the 8&8& and settle the liability SimultanlY. O¢heplvans (coAeeAsion4ry lo) Amounts which are reteivtd in the fom] of loa8 which were Ceiv&1 to f(th thc FouTr(knoL4 purposes are treated a CQllCG8StoDary lo loat arc iDitiaUy ro£ll1Sed at thc aDwunt c¢iy¢(L with tbe cawing valuc adjustol ty r¢ll¢ct rqMymeDts. ]nvestments are a form ofbasic financial instiumetrt ar*1 are initiallyrttogni8ed at theirtra¢tIonva1lle alld sub$¢quently meaSed at theyifairvalue as atthebaIa sheet date using the ¢losiDg quotedtnad(d priee. The statement of fiDan¢ial activities illcludes tbe net gaitis and losses arising on rvaluation and di8PO8a]s throughout the year. Th¢ Fomthiion do&% )t acquire options, d¢rivatives or othez (x)mplex The tnsinforni of 6nall¢ial risk faccd by th¢Tnzst is thatof Yolatslity in illve6ttn1 markd3 du¢to wid g) FUNDS The Foth1On'S Funds constitute unTri fillMI4 which the fre¢ to U8e for aay purpose in fUrt1C of the charitable Obitives.
ii. NOTFS TO THE ThThANCtAL STATmF FOR THE YEAREfiDED W APRIL 2021 (Conti) . ACCOiINTING POLICILS (contill) at the date8 of the tran8adions. At each P¢111 ffld foreign cutretw mondary itcms translat exchange rate at thc dalc of the transactio FO1g[L ¢kng¢ Ba]* 8Dd loss r¢8uItiDg from th¢ settletnent of traSactIOnS and from the traDslation at rtti(xl end exchange rates of monetary assets All foreign exchange gaing losses are paltrA1 in the 81stan¢ of fill8ti activities the i) REALISED GAINS AND LOSSES and loues on tavestrients are cakulated as the diff¢r¢nce itheea Sal Pro aud thcir Ori1 84)¥rat¢ly in the St&t&neDt of Finla1 Activitic4. J) TAXATION STAIUS taxation Any IrrevCrnb1e VAT is Charg against the expthdith heading for which it was I JUDGEMENfs JN APPLYING AccouNf]NG POLICIES AND Iy SOiiRCES OF EsTLTION iFNCERTAINTY assumptions that aff the amounts rerted for as8ets and liabilities as at the balance 8beet date ard the 202 2020 Dividend8 glld internt reLxiv8ble from lithl inve8trnfflts 303,3(NJ 310,8 2,353 £303,300 £3E3,243 4. GRAKIS AM) DONATIONS PAYABLE 2020 £125.0 £430,755
THE LOCKWOOD CHAREfABLE FOIINDATIOFI li NOTES TO THE FINcIAL STATEMENTS FOR THE YEAR ENDED APRIL 21121 (COntitiu) GRAWIS AND DONATIONS PAYA (contirn) The totsl lts paid to iDStitirtion8 d]ng yearwere as follows: 2021 Bliss Building Pwple 20.000 io.000 City Harv&st Ebrace io,( 57.900 75,IX)O 25.0 Golf In Society Grov¢ Adventur¢ Playwnd Lo¢kwo(Kl H¢lp2Read ]mpact Tnt Jam&8 Place Chatity 5.000 5.000 iOO.IK)O Missing Pwple National ADiTtJat Welf&rE Princess Alice Hospkcc Regenerat¢ SDAC 10.000 5,000 1.000 11455 18.4(K) iO.OtM) 50.OtKI 25.(K)O I.(M)0 SporLs Trnder £125.000 £430.755 OTHKR {SThRT COSTh) 2021 21)20 Finance costs Foreign excballge loss l (s8in) Governance costs Auth"tors' remullcration (tndwiv¢ of VAT) Akny f8 (inclusive ofVAD 1213 5,634 391 (2,375) £11.647 £2.816
THE LOCKWOOD cllARrTAB FOUNDATION NOTES TO THE ]NAFIC[AL At 6. April 2020 Additions Di8PO8als R¢xlised (gain) Uorealised (gain) C08t Fair value £5.120.564 fA.305,561 (641.890) (712,482) 70,592 829,021 At 5'W 2021 £4.478,674 £4.492,692 Fatr vlle At One8aTrings Bank Pl 6.591•/0.Var Sub Pap GBPIIXKI cOF¢rative I l°/0 Gtd Sub 212025 GBP Bristol & West 8.125Yo PrfGBPI Ecclesiast IDS Off 8.625Y• Non Cum IRR PrfGBP REA Elldgs /. CumPrfGBPi RavenRussia GBPO.01 PrfSILq Ncw City High Yi¢ld Fund Ordinary Barclays Plo 7.875•/0 Var Sub B&8 Perp GBP Tcsco ProprytyFJ l. PIC 7.6227/0 Gtd 13107139 GBP Scottish Widows Ltd P/0 Sub Nts L&7Om3 GBP 250.0(Ks 527.5(K) iOO.(KK) 188.C(A) 1280.<XX) ioo.(KK) 1.750.0 250.OCKI 250.( 187,097 740.877 98,885 191.760 1,314.976 132,918 895.292 254,039 213.010 199.735 221,593 673597 137,500 290,460 1.036,800 113,(X)O 901250 200.356 371,880 3rKJ,982 Overs¢*8 Fixed Iuterelt Awegatolmicr. 811A Nts 1711012036 GBPI 250,( 250,085 245274 At 5. Apzil 2021 £4.478.674 £4,491692 Investments ar¢ finala1 asS¢ts mcasurtsl at fair value througll the statanott of fillanci81 tivItI%. The b&8is of fair valu¢ is mArk& value. sale8 and pkn 8x¢ T¢Sn1sl at the dat¢ of ttade at cosL
14. THE LOCKWOOD CHARtrABLE FOUNDATION NOTES TO THE FINANCIAL STATENIENTS FOR TEE YEAR ENDED - APRIL 2 (continll) DEBTORS 4.1(7T £47287 CREDfToRs: dN¢ within on¢ ytr 02 £9,( CREDrroRS: Amounts fllkng thie after more th•ll oxe year 2021 2020 conces8ionary1o8q £ 2.100.000 £ 2.100.0) At 6th April 2020 4,486,794 1,066266 AS at 5. Apiil 2021 5.553,060 N& tlloyemeut in futh, inclu1 in the alx)ve arc as follow& 303300 {136,647) 89),613 1,066,266 303JLKI (136.647) 899.613 1,066.266 ThC were no TrSle¢S, ronuneration orother benefits for the year 5 Aprit 2021 nor for the year ¢nded 5th April 2020. There wue Trusts. ¢7pen8e8 p&d forth¢ akled 5. April 2021 nor for the year endd 5. Apyl 2020.
15. NOTES TO FINANCIAL STATEMEIYTS FOR THE YEAR LYDED W AFR 2021 (Conti) The Foundation 18 controlleA by iLs Thte£S. Mr R. IA)ckw(x)d. a TrustK provid¢d an intcrG8L.frcc loan with no fixed repayment tern]s to the Foundation which tbe Foundation bas tr¢al as a conce&8ionary At 5 April 2021 the amount due to Mr R. Lnckwix)d was £2.100.000 (21no: £2,100.¢JX)). loaJ within the next tweEve Mon from the dats of approval of tlLese financial statements. accordiDgiy, theloan is inclutsl ij) thebalallce she& as AYabl¢ withinmote tball one y. DLring th¢ ye4r, th¢ F(kmdation a donation of £5.(KK) (2020: £5,(K))) to Hap2R1 a charity of whichmr R. txthi(xA is akn a TnLSte