Charfty Dumber. 1140413 The Bradley and Katherfne Wickens Foundation Trustees, Report and Financial Statements 31 Dec8mber 2020 The Bradley and Kathorfn• Yll¢k•ns Found•tion REFERENCE AND ADMINISTRATIVE DETAILS OF THE FOUNDATION, ITS TRUSTEES AND ADVISERS For tho yoar endod 31 De¢8mbeT 2020 Truslg B Wickens K ￿￿keD¥ G Fuller Charfty r¢gl$tered number 1140413 Prlnclpal offi¢0 Pudlicote House Pudlicote Lane Chipping Norton Oxfordshire OX7 3HX Audltors Blick Roth8nb8rg Audit LLP Chartered A¢countants 16 Great al￿en Street London WC2B SAH Banknrs Citi Private Bank 33 Canada Square Canary Wharf London E14 5LB Page 1 Th• Bradlgy and Katherlne Vllcken$ Foundation TRUSTEES. REPORT For tho year ended 31 Decembor 2020 The Trustees present their annual report together with the audf(ed financial statements of The Bradley and Katherine Wickens Foundation for the year ended 31 December 2020. The trustees confirni that the annual report and the financial slatemer)ts of the foundation ¢ompty with the current slalutory reqUI￿rne￿ts. the foundation's goveming document and the provisions of th& Statement of Recommended Practice ISORP} applicable lo charities preparing their accounts in accordance wf(h the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} (effective 1 January 2019). Results The net incoming resources for the year ended 31 December 2020 were £350,37712019- £65.4351 R•vièw of governance and managemont The Br8dley and Katherine Wickens Foundation I'lhe foundation"} 15 a trust, with charitsble status and governed by Trust Deed. The foundation's opèrating name is The Broad Reach Foundation. The Trustee5 meel periodicalty to agree fijnding policy. monitor incom& and e>PenditU￿ and all¢xate funds. New appointrrenls must be proposed and agreed by current trustee$. The Bradley and Katherine INi¢ken$ Foundation seeks to advanc8, promote or carry out, such charitable purposes as the trustees in their ab501ute diserelion see fft. The foundation ¢arries out these objects by pro￿lding grants to surtable institutions in line with the foundation's grant making pc4icies detsiled below. The Trustees consider that they have coMpl￿d with Sertion 4 of the Charities Act 2011 with ward to the guidance on public benefit published by the Charty Commission. Tryst••* The Trustees during the yearwere 88 follows.. B Wickens K Wickens G Fuller Review of activitles During the year end8d 31 December 2020, £261,020 (2019 - £230.0001 was granted to charitable organisations. Grant maklng pollcles Th8 Charitls main cbjectives are to seek to improve the outlook for children and young people in the UK and the Emerging MarketB by providing for a better education, improved heakh and wellbeing and a more balanced relationship wrth their environment. A further objective 1$ to seek lo Improve the outlook for other people in the UK by providing for • better education, Improved health and wellbeiw. The board of Trustees select thé institutions to be supported aThJ formally approve support during one of tsvo annual board meetings. The charitys gran15 are made lo sefected instf(ution3 that address specrfic educ*'on and wellbeing issues, wth a focus on girls. education. girls, wellbeing, heatth and hygiene and birth control and family pknning issues. The charty may also support largeled environmental issue$. particularty nature conseNation, by supporting organisations that work closely ¥Mth loeal communities and wider audiences lo estsblish, prolod and maintain natural conservation areas that are threatened and vilal to the continuation of a balanced and diverse environment. Grants may onty be made for purposes which are charitable under UK law. All grants are made to UK re9i8tered charities. Dotsib of grants made in the year can be found in note 4. Page2 The Bradley and Kath•rln• Wkkens F(wndallon TRUSTEES. REPORT (CONTINUED) For the year ended 31 0￿0mb￿r 2020 Volunteor& The found*ion rell8S the contn"bulion of its Trust•tr8 T*tho pr 2020 2019
Note £
Fixed assets
Investments 7 4,056,883 3,802,114
Current assets
Debtors 8 121,142 28,270
Cash at bank and in hand 240,129 139,133
361,271 167,403
Creditors: amounts falling due within one
year 9 (6,480) (4,380)
Net current assets 354,791 163,023
Total net assets 4,411,674 3,965,137
Charity funds
Unrestricted funds 10 4,411,674 3,965,137
Total funds 4,411,674 3,965,137
The financial and authorised for issue by the Trustees on
14. 03. 2022 and signed on their behalf by:
t
BWickens
Trustee
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The notes on pag 10 to 15 form part of these financial statements. Page9 Tho Bradloy and Kathorln• Wi¢k¢n• Foundation NOTES TO THE FINANCIAL STATEMENTS For thè year ended 31 Decembor 2020 Accounting polici08 The following accounting policiès have been applied in dfraling with items which are considered material in relatIC￿ lo tho fOUndat￿)n'3 financial slalements. 1.1 Basls of preparation of financial statsm8nts The financial $L￿eMentS have been prepared under the histori¢aJ Gosl convention with f(ems recognised al ￿$1 or transaction value unless othemise slated in the relevant n¢)tes to these accounts. The financial $tatement$ have been prepared in accordance with the Charities SORP.. 'Accounting and Reporting by Charitie$'. Statement of Recommended Practlce applicable to charities preparfng their accounts in accordance with the Financi81 Reporting Standard applicable in the UK and Republi¢ of Ireland IFRS 102}, issued on 2 October 2019, the Financial Reporting Standard applKable in the United Kingdom and Republic of Ireland IFRS 1021 and th8 Chariti8$ Act 2011. The Bradley and Kathorine Wicken$ Foundation constitutes a public benefft entsty as d•fined by FRS 102. 1.2 Donatlons All income is re￿gnIsed once th8 foundation has enlitlemenl to the in¢ome, If is probable that the income will k received and the amount of income recewable can bè measured reliably. 1.3 Expendlture Governance costs are those ￿cUrred in Connection with administration of the ft)undation and complianee with constitub'onal and statutory requirementy. Charitable actr'Mtie8 and Governance costs are costs incurred on the foundation's educational Operath￿S, induding 5UPPOrt costs and costs relating lo the governance of the foundation apport*)ned lo charitable artivitie5. Grants Payable ara charg8d in the year when the offer is made except in those cases where the offer Is eA)nditional, such grants teing recognised as expenditure when the conditions attaching ore fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as c¢)mmitrnenl, but not accrued as expenditure. 1.4 Cash flow The financi81 statements do not ￿Clud0 a state￿￿nI of cash flows because the foundation, as a small reportirq entty. is exempt from the requirem8nl to prepar8 such a statement. 1.5 For•lgn ¢urronci The foundation's fu￿tIonal and pffj$entsb'onal currency Is GBP. Monetary assets and liabilities dencminoled in foreign currencies are translated into 8t•rfing at rates of exchange ruling at the balance sheet date. Transactions in forei3n CUTrencies are tranS￿ted into sterling ot the ral8 ruling on the date of the transaction. Exchange gains and losses are recognised in the statement of financial activities. Page 10 The Bradloy and Kath•rfne Wl¢ken$ Foundatlon NOTES TO THE FINANCIAL STATEMENTS For tho year ended 31 Decembor 2020 AGcountlng pollcles {contlnued) 1.6 Inten%t rocoivabl• Interest on funds held on deposk Is Included when receivable and the amount can be m&%ured reliably by the foundation.. this is normalty upon notification of the interest paid or payable by the Bank. 1.7 Inv￿tM$nts Listed investments are a form of basic financhgl instrument and are inf(ialty recognised al their transaction cost and subsequently measurèd at falr value at the balance sheet dale using the closing quolt market price. The statement of financial adivitigs includes the nel gains and Ioss8s arising on r9valua￿n gnd disposals throughout the year. 1.8 Debtor4. creditors and provisions Trade and other debtors are recognised at th9 5gttlement amount after any trad8 discount offeied. Pr&pa￿entS are valued at the amount prepaid net of any trade discounls due. 1.9 Cash at bankand in hand Cagh at bank and in hand includes cash and short temi hffJhty liquid investments with a short maturity of three months or less from the dale of a¢qui$ilKJn or opening of the deposit or similar a￿￿nI. 1.10 Othgr fin•neial instrnments The foundation only has financial assets and financial 1k9bil￿eS of a kind that qualfy as basic fina)cial instruments. Basic financial instruments are initially recogni88d at transaction value and subsequent measured at their settlgment value with the exception of bank loans vrfhich are subsequent measured at amortised cost using the effoclive interest method. Llablllty of tru$te•s The trustees shall not b8 liable for any105S to the Trust fund unless by reason of wilTrJl or indrvklual fraud or dishonesty orwrongful omission on the part olthe Tfuslee who is Sought to be made l￿ble. Investment Income Unrnstrlct•d funds 2020 Total funds 2020 Incom8 from listed investments Bank interest received 66,467 915 66A67 915 Total 2020 67,382 67,382 Page11 The Bradloy and Kathorin• Wl¢kon$ Foundatlon NOTES TO THE FINANCIAL STATEMENTS For the year ondod 31 December 2020 InveslJngnt incom• {conlinued UnrgstriGt4gd funds 2019 Tot funds 2019 Inc¢me from listed investments Bank intere¥t reGeived 70,564 711 70,564 711 Tot812019 71,275 71,275 Expenditurn on charitsblo •ctiviti•s Grants to In$titutlon8 2020 Total funds 2020 Grants to institutions 261,020 261,020 GTrnts lo Insb7ulions 2019 Total funds 2019 Grants to in5tilulion$ 230,0 230,000 During the year lo 31 December 2020 the foundab'on made grants of at least £S0,C#)o to the fdltr•Ying institution$'. 2020 EMPower UNICEF AlzheÉmerfs Research UK 80,000 55,148 so.000 Page 12 Th• Bradley and Katherlne Wlckens Foundatlon NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 Decembor 2020 (Xh•r •xp•ndltur• Unrostrlcted funds 2020 Total funds 2020 Audit fees Foreign exchange los$ Other operating cests 2.100 11,385 18.994 2,100 11,38S 18,994 32,479 32fv79 UnrnstriGted funds 2019 Tolal fvnds 2019 Audit fees Foreign exchange loss Other opèrating ￿$t5 Zit 23,785 14487 2, 100 23,185 18.481 43.766 43,766 Taxatlon As a registered charty the foundation 15 exempt frem co￿ratIOn Tax. Page13 Th• Bradley and Kathorlne Wl¢kons Foundation NOTES TO THE FINANCIAL STATEMENTS For tho ygar ond•d 31 De￿mber 2020 Flxed asset Investments Other securilies invostmonts Total Cost or valuatlon At 1 January 2020 Additions at cosi Disposals at carywng valu8 Revaluations Fore¥n exGhange movemgnl 3,74S,241 942,003 1911,6661 191.866 {1411 56.873 3M02.114 942.063 1911.666) 191,856 32,516 32.667 At 31 December 2020 3.967,353 89,530 4.066.883 Net book value At 31 December 2020 3.967,363 89.530 4,056,883 At31 iknembgr2019 3, 745,241 56,873 3,802, 114 Debtorn 2020 19 Gift Aid recerveable A¢crued interest 90,180 24,982 28.270 121.142 28,270 Crgditors: Amounts folllng due wlthlTh one year 2020 2019 Accru81s 6,480 4,380 Page 14 The Bradley and Katherine Wickons Foundallon NOTES TO THE FINANCIAL STATEMENTS For the year èndgd 31 Doc•mb•i 2020 10. Statement of funds Balance at 31 Galn81 December (Losse¥l 2020 Balance at I January 2020 Incomo Expend5ture Unrestrlcted funds General Funds - all fund¥ 3,965,137 548.180 1293.499} 191,856 4,411,674 Page15