Charity numb•r: 1140413 The Bradley and Katherine Wickens Foundation Trustees, Report and Financial Statements 31 December 2021
The Bradley and Katherine Wickens Foundatlon REFERENCE AND ADkqlNISTRATIVE DETAILS OF THE FOUNDAnoN. ITS TRUSTEES AND ADVISERS For the year Ond 31 D•cfrmber 2021 Truste B Wickens K Wickens G Fuller Charity rnglsl•r•d number 1140413 Principal offl¢e Pudlicote House Pudlicole Lan8 Chpping Norton Oxfordshire OX7 3HX Audltors 81k Rothenberg Audit LLP Chartered Accountants 16 Great Queen Street London WC2B SAH Bankers Crti Private Bank 33 Canada Square Canary Wharf London E14 5LB Page I
Thè Bradley and Kathorin• Wickens Foundatlon TRUSTEES. REPORT For th8 year ended 31 December 2021 The Trustees present their annual report together wrth the audited financial statements of The Bradley and Katherine Wickens Foundation for the year ended 31 Dember 2021. The trustees confirm that th8 annual report and the financial slalemenls of Ihe foundation comply with th8 current slalutory rèquirements, the foundation's governing documant and the provisb)ns of the Statement of Remmended Practice {SORPI applicable to charities preparing their aontS in accordance with the Financial Reporting Stsndard applicable in the UK and RepublK of Ireland IFRS 1021 leffedive 1 January 20191. R8suIts The net outgoing resourc8s for the ended 31 December 2021 were £159,20212020'. incoming resourtes of £446,537} R•vi•w of governance and management The Bradley and Katherine ken$ FourKlation (the foundation,) is 8 trust, with charitable $tslu$ and govemed by its Trust Deed. The foundation's operatg nan* 1$ The Broad Reach Foundation. The Trustees meet periodicalty to agro8 funding policy. monitor income and expenditure and ollocate fuThJs. New appointments must be proposed and agreed by current trustees. The B18dley and Katherine Wicken$ Foundation seeks to advance. promote or carry out. such charitable purposès as the trustees in their absolute discretion see fit. The foundath?n carries out these object5 by providing grants to suttable in$tiluti¢)ns in line wf(h th8 foundation's gfftnt making polic¢es detsilod bel¢)w. The Trustees consider that they have ¢lied with Section 4 of the Charft Act 2011 wrth regard lo the guiJan¢e on public beneflt publlshed by the Charity Commission. Trusteès Th8 Trusl8es duiing the yearwere as follows: B Wickens K Wickens G Fuller Review of actlvltles During the year ended 31 DeCeMr 2021, £271,525 (2020- £261,020) was grantéd lo charttable organisalion$. Grant maklng pollcles The Charitys main objgctwes are to seek to improve the outlook for children and young people in the UK and the Emer9ing Markets by providing for a better education, improved he8llh and wellbeing and a more balanced rektKJnship with theiT environment. A furthor ¢)bjedive is lo seek lo improve the oudook for olhor people in Ihg UK by providing for a belter education. improved heatth and wellbeing. Thè board of Trustees s818Ct the instrtutions to be supported and formally approve support during one of hyo annual board meetings. The charitys grants are made to selected institutions that address Specff education and wellbeing issues. wrth a focus on girls, education, girls, wellbeing, health and hygiene and birth control and tamily planning issues. The charity may also support largeled environmental issues. particularly nature nservalion. by supportirvJ organisalions that work closely with local communities and wider audiences lo establish. protect and maintain natural conservation areas that are threatened and vital to the continuation of a balanced and diverse environment. Gr8nts may only be made for purposes which are charitable under UK law. Page 2
Tho Bradley and Kathorine Wkkens Foundation TRUSTEES. REPORT (CONTINUED) For the year ended 31 December 2021 All grants are made to UK re9iStered charibes. Details of grants made in the year Can be found in note 4. Volunt•ers The foundation refjes on the contribution of its TTUStees who providè their service freg of Charge. Ro$eNes pollcy The foundation has been primarily funded through contribulions from Spinnaker Capital knmrted. No active fundraising from Outside contributors is expected. Initially the foundation aims to fund operating expenses and charitab distributions solely through the income on the investment of f($ IUld assets. The eharlly has no substantial fixed assets. no dedicaled office, and no employees., thu8 it does not hav reserves lied lo fixed assets. As a result. no add((1¢al reserves need to be set aside to respond to potential drops in investmènt retums or over811 income. Inv•stment poll¢y and porformance The Trustees have noted their responsibilty lo have regaTd to the suitabilty of investments lo the charty, onsidering the proportion of thè Trust Fund being invesled, the level of risk of the investments, and the accessibility of the Trust monies while invested. Thoy have also noted the r for appropriate diversrfication of invoslments. In order to diversify risk, investments should be diversified as follows.. cash or other short-lemi mcffloy market instruments with maturities of no more than one year.. no less than 200% of the Trust Fund equtties.. no mre than 200h oftho Trust Fund bonds.. the remainder of the Trust Fund no individual securities lo compri86 more than 11Y% ofthe Trnst Fund The Trustees meet hYi¢e per year lo discuss the investments in tho Trust fund and review recommendations for future investment xtivity. At those m881ings, the Trustees revithv and, rf agreed, approve investment recommendations., and review the investments of the Trust fund to ensure that they continue to fuffil the standd investment criteria describetj above. The foundation currently invests in bank fidu¢iary deposits and money markets. This policy will be reviewed annually. The aim of Ihg investments 1$ lo ensure that operating costs and grant making activity ¢an be funded solety with the income these liquid investments. Major risks As noted above. the foundation aims to fund ils artivrtie5 through the income from the investment of ils liquid assets, therefore the Trustees consider the major risks to relate to the rfOrmance of these investments and of the wider global equities, fixed income and currencies markets. The Trustees are confident that the necessary management systems and strategies have been implemented lo mttlgale those risks. Trusteos. rosponslb115tl•s ststemont The trustees are responsible fr)r preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards {Uniled Kingdom Generalty Accepted Accounting Pradice). Page 3
The Bradley and Katherln• Wi¢k•ns Foundation TRUSTEES. REPORT ICONTINUEDI Forthe year ended 31 De¢emb9r 2021 The law applicable to charf(ie5 in England & Wales requires the Iru8tees to prepare finanGial sL*ements for each financial year which gNe a true and fair Mew of the stale of affairs of the foundation and ol the incoming resources and application of resources of the foundation for that p&riod. In preparing these financial statements, the Trustees are required to.. select sumable 8ccounting pc4icies and then appty them eon8iStently; observe the methods and principles in tha Charittes SORP., mak8 judgments and accounting eslimales that are reasonable and prudent., prepare the financial statements on the going concern ba$is unless ft is inappTopriale to presume that the foundation wll continu8 in Operatn. The tni8lees are responsible for keeping proper accounting CordS that are sufficient lo show and explain th& foundation's transactions and dlsclose with reasonable accuracy al any time the financial position of th8 foundalion and enable th¢m lo ensure that the financial statements comply the Charities Act 2011, the Ch8rity (Accounts and Reports) Regulations 2008 and the provision$ of the trust deed. They are also responsible for safoguarding the assets of the foundation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Audltors Each of the persons who is a Irusteo at the dale of approval of this report Confinns that= So far as the trustee L8 aware, there is no relevant audit infomiation of which the trust's auditors aré unaware.. Th8 trustee has taken all steps that they ought to have taken as a trustee lo make themselves awar8 of any relevant audrt Intorynat and to establish that Ihe auéitors are aware of that Infomiation. A resolution lo revappoint Blick Rothenberg Audit LLP as auditor for the ensuing year be prcposed at the annual trusteès meeting. Approved by order of the members of the board of Trustees on 31 October 2022 and signed on their behaw by. 8WI Tnj ke Page 4
The Bradley and Kath•rine Wlck•ns Foundation INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE BRADLEY AND KATHERINE WICKENS FOUNDATION Oplnlon We audrted the financial ststem&nts of The Bradley and Katherine Wickens Foundation Ilhe 'charty'l for the year ended 31 December 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes, including a summary of signrficanl accounting policies. The financial reporting framework that has been applied in their preparation is applible law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Finan¢ral Reporting Standard applicable in the UK arKI Republic of Iroland. (United Kingdom Generally Accepted Accounting PractKe}. The financial statements have been prepared in acccfdance with Aceounling and Reporting by Charities preparing their accounts in accordance wr¢h the Financial Reporting Standards applicable in the* VK and RepublK of Ireland IFRS 102} in preferenc& lo the A¢counting and Reporting by Chaiilies.. Statement of Recommended Practs'ce issued on 1 April 2005 which is referred lo in th? extant regulations but has be8n withdrawn. Thi$ has been done in order for the accounts to provide a true and fair view in accordance wlh thé Generally Accepted Accounting Practice offective for reporting perK)ds beginning on or after 1 January 2015. In our opinicffi the financial statements.. give 8 true and fair view of the sLite of the charity's affairs as at 31 December 2021 and of ris irtcoff4ng resources and application of resources for the year then ended- have been propedy prepared in aecord8nce wrth United Kingdom Generalty Ac£epted Accounting Practice", and have been propared in accordance with the requirements of the Charities Act 2011. Basis for opinton We ndUcted our audil in 0rdanc& With Inlemal>)nal Standards on Auditing (UK) {ISAs IUK>) and applicable law. Our responsibilities under those standards are further described in the Audilorfs responsibilities for the aud(( of the financial statements section of our report. We are independent of the chanty in ardaftCe wlh the ethical requirements that are relevant lo our audit of the finan¢i81 statements in the United Kingdom. including the Financial Reporting Council's Ethical Stand8rd, and w8 have fulfilled our other ethieal responsibilities in aecord8n¢e with these requirements. We believe that the audit evidence we have obtained 18 Sufficient and appropriate lo provide a basis for our opinion. Concluslons r•latlng to going concem In auditing the financial statements, we have concluded that the Trustees, use of the 90ing concern basis of accounting in the preparation of the financial statements is appropriate, Based on the work we have performed, we have not identified any material uncertaintiès relating to events or conditions that, individually or collectively, may east significant doubl on the charitys ability lo continue as a going coneern for a perKid of al least efve months from when the financial statements are auknrisèd for issue. Our responsibilities and the responsibilili8s of the Trustees with respect to going concern are destribed In the relevant se¢lion$ of this report. pe5
Thè Br•dl8y and Kath•rin• Wlckens Foundation INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE BRADLEY AND KATHERINE WICKENS FOUNDATION ICONTINUEDI othgr Inforniatlon The other information comprrses the information included in the Annual Report other than the financial ststements and our Audttor's Report thereon. The Trustees are responsible for the other inforniation contained within the Annual Report. Our opinion on the financial statements doe5 not cover the other information and. except lo the extent otherwise explicit state<l in our report. do not expre$$ any form of assuranc8 Conclusion Ihereon. Our responsibility is to read the other infomiation and, in doing so, consider whether the other inlomation is materially inconsislenl wrth the financial slalements or our kn(Y•vWge obtsined in the course of the audit, otherwise appears lo be materially misslaled. If we identify such material inconsistencies or apparent material misstatements, we requird lo detemiine whether this gives rise to a material misslalement in the financial statements themselves. If, based on the work we have perfomed, we condude thal Ihgrg is a material misslalemenl of this other information, we are required to report that fact. We have nothing lo report in this regard. Mattors on whlch we aro requlred to report by exception We have nothing lo report in wpect of the foll¢)wSng matters where the Charities (Accounts and Reports) Règulations 2008 requires Lts to report to you if, in our opinion.. the inf0mli0n given in Trustees, Report is inconsistent in any matersal respect with the financial statements- or sufficient accounting recofds have not been kept., or the financial slaements are not in agfftment wlth the accounting records and relurns.. or we have not receiveil all the infomi*ion and explanations we require for our audit. Responslbllltles of trnstees As explaingd more fully in the Trustees, R&spon$ibilities Slal8ment, the Trustees are responsible for the preparation of the financial statements which giw a true and fair view, and for such internal Control as the Trustees detem)ine is necessary lo enable the preparation of financial statements that are free ffom material misslalement, whether due to fraud or error. In preparing the financial stalemenls, the Trustees are responsible for assessing the charitys abilty lo continue as a going concern, disclosing, as applicable, matters related lo going con¢em and using the going concem basis of accounting unless the Trustees either intend to liquhlate the chanty or lo cease operations. or have no realistic alternative but to do so. Page 6
The Bradley and Katherine Wickens Foundation
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE BRADLEY AND KATHERINE WICKENS FOUNDATION (CONTINUED)
Auditor's responsibilities for the audit of the financial statements
We have been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud, and noncompliance with laws and regulations, our procedures included the following: enquiring of management concerning the charity’s policies with regards identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance; enquiring of management concerning the charity’s policies detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; enquiring of management concerning the charity’s policies in relation to the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations; discussing among the engagement team where fraud might occur in the financial statements and any potential indicators of fraud; and obtaining an understanding of the legal and regulatory framework that the charity operates in and focusing on those laws and regulations that had a direct effect on the financial statements or that had a fundamental effect on the operations of the charity. The key laws and regulations we considered in this context included the Charities Act 2011 and applicable tax legislation.
One particular focus area was the risk of fraud through management override of controls. Our procedures to respond to risks identified included the following: performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; reviewing the bank statements of the charity for evidence of any large or unusual activity which may be indicative of fraud; enquiring of management in relation to any potential litigation and claims; and testing the appropriateness of journal entries and other adjustments.
Another focus area was non-compliance with the rules of the Charity Commission. The charity was authorised and regulated by the Charity Commission throughout the period. Our procedures to respond to risks identified included the following: reviewing correspondence between the charity and the Charity Commission; reviewing in detail the grants made by the charity during the period; and discussion of regulatory matters with the appointed officers of the charity.
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify noncompliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any.
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The Bradley and Katherine Wickens Foundation
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE BRADLEY AND KATHERINE WICKENS FOUNDATION (CONTINUED)
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's Report.
Use of our report
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an Auditor's Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and its trustees, as a body, for our audit work, for this report, or for the opinions we have formed.
Blick Rothenberg Audit LLP
Chartered Accountants Statutory Auditor
16 Great Queen Street
London
WC2B 5AH
21 March 2023
Blick Rothenberg Audit LLP are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.
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The Bradl•y and Kalh•rin• Wi¢kens Foundation STATEMENT OF FINANCIAL ACTIVITIES For the year endod 31 December 2021 Unrnstrlcted fvnds 2021 Total funds 2021 Total funds 2020 Noto Incomo from: Donations Investments 480, 798 67,382 86.505 85,505 T¢)tal Inc¢)mg 85.505 85.505 548. 180 Expondlture on: Charitable activitigs Other expenditure 271.525 22,228 271.525 22.228 261,020 21,094 Total oxpendlture 293,753 293,753 282, 114 Net in¢om•l{expenditurel before other re¢ognlsed 9aln8 and losses Gain81110ss88) on revaluation of fixed assets investments Foreign exchange gainslllosses} 1208,2481 1208.2481 266,066 144.6431 93.689 144,643) 93,689 191,856 (11,385) Net movgm9nt In funds 1159,202) {159.2021 446,537 Roconciliation of funds: Total funds brought foThvard Net movement in lunds 4,411,674 1159,202} 4A11,674 {159.202} 3,965, 137 446,537 Total fund6 carrled foTh4ard 4,251472 4,252,472 4,411,674 All actmties relate to nts'nu1ng operations All of the foundation's irKoming resources and resources expended relale lo Unrestred fu18. The notes on pages 11 to 16 fomi part of these financial statements. Page 9
The Bradley and Kath•rin• Wl¢k•n$ Foundatlon BALANCE SHEET As at 31 December 2021 2021 2020 Note Fix8d assets Investments Current assets 4.060.951 4,056,883 Debto Cash at bank and in hand 117.055 79.061 121, 142 240. 129 196,116 361.271 Creditors.. amounts lalling due within on8 year (4,5961 (6,480) Net current assets 191.521 354. 791 Totsl not assets 4,252,472 4,411,674 Charlty funds Unrestricted funds 4,252,472 4,4tl,674 Totsl funds 4.262,472 4,411,674 The financial slalements were appro and aLrthorfsed for issue by the Trustees cffi 31 October 2022 and signed on their behall B Wicke Trustee The nole5 on pa 11 to 16 form part of these financial staterr£nts. Page 10
Tho Biadley and Katherin• Wlckon$ Foundation NOTES TO THE FINANCIAL STATEMENTS For the year endgd 31 Decèmber 2021 Accountlng pollcles The fc4owing accounting policies have been appligd in dealing wilh items which ar• considered matenal in relatn to tho foundation's financial slalemenls. 1.1 Basls of preparatlon of financlal statements The financial statements have beon prepared under the historical co$1 wivention with items reco9nised al cost or transaction value unless otherwise stsled in the relevant notes lo these accounts. The financial statements have been prepared in accord8nce wrth the Charities SORP.. 'Ac¢ounting 8nd Reporting by Charities". Slalemenl of Recommended Practice applicable to Charities preparing their accounts in accordance with the Financi81 Reporting Slandaid applicable in the UK and Republic of Ireland IFRS 102). IssL on 2 OctDber 2019, the Finan¢iel Reporting Standard apPCable in the Unrted Kingdom and Republic of Ireland IFRS 1021 and tho Charrties Act 2011. The Bradl and Katherine Wickens Foun(lation conslriutes a public benefft entty as defined by FRS 102. 1.2 Donatlon$ All income is recognised once the loundotion has enlf(lemenl to the income, it is probable that the income will be received and the amount of income receivable bé measured reliabty. 1.3 ExndIture Governanc8 Costs are those incurred in connection with administration of the foundation and Complian wikh constitutlonal and stalulory requirerrents. Charitable activities and Govemance costs are costs incurred on the foundation's educaltonal operations, in¢iuding support ¢osts and costs relating lo the governance of the foundation apportioned to charitable activiti&s. Grants payable are charged in the year when the offer is made except in those case$ where the offer is conditional, such grants beir recognised as expendilufe when the corKlilion$ attachirbg are fulfil. Grants offered subjecl lo conditions which have ngt been met at the year end a noted as ccfflmitment, but not a¢orued as expenditure. 1A Cash flow The financial statements do not includ8 a stslement of cash fk)ws because the foundation. as a small reporting entf(y, is exempl from the roquiremènl to prepare such a ststem8nt. 1ts Forelgn currenci The foundation's functional and presentational currency is GBP. Monetary assets and liabililyas denominated in forelgn currencies are translated into $teding al rates of exchange rullng at the balance sheet dale. Transactions in foreign ¢urrencies are translated into sterling al the rale ruling on the date of the transaction. Exchange gains and Ioss•s gTe recognised in the 8tstement of financial adNitie8. Page11
Th• Bradley and Katherfn? Wlck0n$ Foundation NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 De¢emb•r 2021 Accountlng poll¢les Icontlnugdl 1.6 Intorest receivable Inleresl on funds held on deposit is included whgn rac8ivable and the amount can be measured reliably by the loundalion., this is normally upon notifi¢alion of the interest paid or payable by the Bank. 1.7 Investments Listed investments are a fom of baslc financial instrument and are Initial recognised al their transaction cost and subsequenlty measured at fair value al the balae sheet date using the closing quote market price. The slalement of financial activities includes the net gains and losses arising on revaluation end disposals throughout the year. 1.8 DeblorJ. cr•ditor5 and provlslons Trade and other debtors are recognisgd at the settlement amount after arby trade discount offered. Prepgyrnents are valued al the noUnt prapaid net of any trade discounts due. 1.9 Cash at bank and In hand Cash at bank and in hond includès cash and short term highty liquid investments with 8 short maturity of three months or less from the d*e of acquisition or opening of the deposit or similar a¢wunl. 1.10 other financial instruments The foundation On has financlal assets and financial liabilf(ies of a kind that qualify as basi¢ financial instruments. Basi¢ financial instruments are inilialty recognis8d at transaction value and $ubsequently measured at their settlement value wfth the exception of bank loans whh we subsequently measured at amortised cost using the effectNe interest method. Liablllty of truste The trustees shall not be liable for any loss to the Trust fund unless by reason of wilfvl or individual fraud or dishonesty or wrongful omission on the part of the Tru51ee who is sought lo be made liable. Investment Income Unrestricted funds 2021 Total funds 2021 Income from listed investments Bank interest received 85,473 32 85,473 32 Total 2021 85,505 85,505 Page 12
Thè Brndley and Kathgrin& Wickens Foundation NOTES TO THE FINANCIAL STATEMENTS For thg ye•r ended 31 December 2021 Investment income Icontlnued) Unrnsthcled funds 2020 Total funds 2020 Income from listed investments Bank interest received 66,46T 915 66,467 915 Total 2020 67.382 67,382 Expgnditurn on ch•rllable actlvltl•s Grants to Institutions 2021 Total funds 2021 Grants to institutions 271,525 271.525 Grdnts to InstitulK)ns 2020 Tolal funds 2020 Grants lo institutions 261,020 261,020 During the yr lo 31 Deeember 2021 the foundation made grants of at least £50.000 lo the follwiing Inslltutlons.. 2021 EMPower UNICEF A&heimerfs Research UK 80,745 55.184 Page 13
The Bradley and Katherine Wickens Foundatlon NOTES TO THE FINANCIAL STATEMENTS Forthe year ended 31 December 2021 Other expenditure Unrostricted funds 2021 Total funds 2021 Audit fees Other operating cost5 2,300 19,928 2.300 19.928 22.228 22,228 UnTrslricted fvnds 2020 Total funds 2020 Audit fee$ Other operating ¢osls 2, 100 18.994 2, 100 18,994 21.094 21.094 Taxatlon As a registered charty the foundation is exempt from CorForation Tax. Page 14
The Bradley and Katherlne Wl¢kgns Foundation NOTES TO THE FINANCIAL STATEMENTS For th• year ended 31 Docember 2021 Flxed asset Investm8nts Llstgd Other $gcuriti8s investments Total Cost or valuation At 1 January 2021 Additn$ Disposals Revaluations Foreign exchange movement 3.967,353 931,938 1853,9841 144,6431 142,4321 89.530 4,056.883 931,938 1853.984) 144.643) (29.243} 13,189 At 31 December 2021 4958,232 102.719 4.060.951 Net book value At 31 December 2021 3,958,232 102.719 4.060.961 Al 31 DeGeinbar2020 3,967,353 89,530 4,056,883 D•btors 2021 2020 Gfft receiveable Aecrued interest 96.160 20.895 96, 160 24,982 117,055 121. 142 Creditors: Amounts falllng duo wlthln ong year 2021 2020 Accruals 4.595 6,480 Page 15
The Bradley and Kathorlne Wick•ns Foundatlon NOTES TO THE HNANCIAL STATEMEKrs For the year ended 31 Docember 2021 10. Statement of funds Balan¢• at 31 Galn$l Decombor {Lossesl 2021 Balance at I January 2021 Ineome Expenditure Unrestrieled funds General Funds- all funds 4,411,674 85.505 1200,0641 {44,643) 4,252A72 11. Trustee's remunoration and expen$05 During the year. no Trustees received any remuneration or other benefits 12020 - £NIL). Nor weTe any amounts reimbursed to the TTU8lees12020 -£Nill. 12. Related party transactlons There were no related party transactions during the year (2020- £NILI. Page 16