OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-02-28-accounts

Ch•rky R*4lstratlon 140: 1156122 C•mp•nyll•8lstiaiion No: 08702259 lE￿•nd and Walul The CH Foundation (UK) (a Charftable Company Limited by Guarantee) Trustees, Report and Financlal Statements For the Year Ended 28 February 2023

The CH Foundaiion IUKI IA Company Limited by Guarnnieel char￿ Reglstration No.. 1156222 ￿￿panY ReOstr•tw)n No.. 08702259 Contents Page Legal and Admlnistraiive Inforn￿tiOn Tru5tee5' Report Statement ol Trust•é5' Rspon5ibilrt Independent A￿d￿r$, Report io Slatement of Financial Athrtbes 13 Balance Sheet 14 statement of Cash Flo* 15 Notes tothe Financial Statel￿ents 16

The CH Foundation IUKI IA Company Lwnited by Gu?ranteel Charity Reii5tration No.. IIS6222 Company Registration No: 08702259 Legal and Administrative Inft>rniatlon Dlrertors and Tn••s S Christopher Win Mr Matthew K• Charlty ￿mber 1156222 Compw Number 702259 Re81stered Offlce 7 aiffvrd Street London WIS 2FT Banker HSBC Bank Pk 8 Canada Square London E14 5HQ Indwndent AudihX5 PricewatethDuseCocytrs One Spencer Dock wth Wal)Quay Oublin I Ireland

The CH Foundation IIJKI IA Company Limited by Guarantee) Charlty Re8stration No: 1156222 Company Re8iStratiDn No: 087022S9 Trustees, Report TheYrustee5 present thelr report and audi￿ ffinanoal statements for the year ended 28 February 202 The financial statements have been prep3reé in accordance wilh the xmuntin8 polic￿ set out on page5 16 to 18 and comply vrith the current Statutory requiTements. the Charities Att 2011, the Companies Att 2006, the PAemrandum and Articles of Associati¢)n, and kcountint and Rp¢)rtine by Charities.. Staiemenl of Recommended Piactite applicable to charities P￿Parin$ their accounts IA a¢¢ordance 7•ith Finarbcial Reporting Standard applicable in the UK and RepublSc of Ireland IFRS 1021 leffeffli¥e l January 20191. Statu5 The CH Foundation IUKI (the 'FoUndatK￿.j wa5 iTrcorporated on 23 Septembef 2013 Js a ¢haritable company ffimtted by guarantEe and re8i51ered as a charity on 17 March 2014. for exdusively charitabbe purposes pursuant to tts Articles of Associatlon dated 23 September 2013. The Artidt5 of A550CiatK)n define5 the objects and powers of the Foundation. Foyrrflatlw QbJec¢l¥es •nd ￿1￿kIn The Foundation'sobjectwes. as slated in the Artic￿$ of Assocoiion. are the holdingof incomè and property upon trust and to apply the intome for the public benefit lor exclusively charitsbieobiects and purp05e5 in any part vf the world_ In settin8 the Foundation's objrtNes aryj p13nnin6 its actNi1￿. the Trustee5 (who are also dire¢torsl have considered Section 17 of the Charilie5 Act 2011. In doiD8 so they are satisf￿d that they have (omplied wilh their duty to have regard io the Pubk Benefft guidance published by the Charity Commission. The Foundation's artNitiES and achie¥emenis are outlined thrtyJ8hout thi5 Truste￿ Report and the Trustees bebe￿ itry fulhf demonstrate that the Foundation is providin8 publl benefit. Thè main objtttNt5 of the Foundat)n. as a6reed bytheTTv5tees. are to: i) provide assistance to those whoare in nt2d by reason of po¥erty. sicknessor human suffeTrn8 as a resutt of human trafficking orother seriousor organised criminal bthxr advance education and to pr(note he3￿h. and pro1￿re such other purposes bein8 exdusivdy¢harikble •$ aÈreed by thèTrustes. 21 Oryani5atlon The Board tsf Trustees mtets to review and update the Frwjndat￿'S Strale￿ and aws of artivity, induding consideration of grant.makM¥ a review of the reserves poly a5 well a5the o¥wall I￿k9r0f￿e of the Foundatlon. Fundrab The Foyndation thxs not seek to rntse fvnds from the wbfK and ha5 not engaged with any professional fund-raiser or commercial participator to raise funds. ApPD1ntm￿tQI Tru5tee5 The Trustees who held office duiing the yearwere: 51r Chrinopher Hohn Mf Matthew Km8 The Trustees are selected on the basis of skkls and expertise and the t￿tributIOn. In particular in the area5 of buslness management and development. can make to deterniine 5trote6y and policie5 of the Foundation and to monitor implernentat*)n. The Tru5tee5 are re5pon5ible for finarKe. deve[oprr￿￿t and ptanning. There is nl) fonnal process for tralnin4 Twstet5. but trainlng Is pio¥Sded to Indi￿dUal Trustees and to the Trusteesa5a whole a5 needs arise. All Trustees give their time fredy and noTrustee ￿M￿l￿a￿l was paKJ in theyear.

The CH Founda￿0￿ IVK] IA Company Limited byGuaranteel Charity Rqi5tration No.. 1156222 Company Registratw)n No.. 08702259 Trustees, Report fcontinuedj R¢seThes Polky The Trustees are commtied to app￿.thE the FO￿dat￿)n.s resour￿ in a responsible m¥ner for the purpose5 of yielding maximum btnefit. The Trusiees are aware reserves are needed to bridge the gap be￿ the spend￿¥ and rettivirq of income. The Trustees aim to MaInta￿ free reseNe5 in unrestricted funds ai a 1 that Wbll wovhye suffkient ful￿$ to respond to applcations loi grants and ensure ihat supportand 8overnant t05ts areCO￿ed. RestrictedFunds R•sir￿ted Funds are generated when the donor Xipulates how thr donath may be spent. In most ¢a$es, there will be a lime laa between when suth funds are re￿iVed and when they are expensed. The Trustees ensure thar these funds are expensed In accordance with the term5 under ¥thkh have been d(#wed to Foundatron. Duringthe year no amovntswere d¢)nated which had restriclJns on them12022.. £nlll. ExpendobltEndowment E￿endable Endowment Funds includeall funds recelved the Tru5tee5 are authori5ed to Spend when and il theyde(ide to spend these fun41s. The funds may be used to furthef the thaiitable purposes Foundation was established to support. These costs can hKludt ljoth dirtrt and support costs associated ￿th a£￿Ti￿5 undertaken by the RestrKred Funds within the Foundatlon. OperotionulReserves Cash flow project)ns for income and expendrture are reu￿rIV reVie￿d by the Trustees to ensure that the Itvèl of disposable net assets is adequate and that the Fc￿ndatim is in a position to rne￿ all its gr3nt.makin8 and workin8 captal commibneni$ lor the foreseeab￿ future. In the event that the Tty#ees f￿d thern5eNE5 unable to meet rhe Foundation's cOmm￿niS from reser￿ of UnrEStrrted Funds at their di5pos. tll, draw on the Expendable Endowment to meet those commitments as r￿e￿ry. The reserves policy 15 reviewed annuaNy to reassess tbt rt5ks and refled any changes to the Foundatv)n's intomt. capital. firtancial 0￿16atIonS and lon8 temi plansfor £haritsble expenditure. The un￿$tri￿¢d Fvnd5 are expendabbe at the discreiion of the eoard of Trustes in fUrth¢rar￿ of the obiects of the Foundat￿n. Inve5trnent Policy u[￿er the Articles of Associatkni. the FoundatK)n ha5the power to invest in anyway the Twstttswish. The Trustees. having regard to the 14uidity fequirements of the FouThJatb)n a￿1 to the reserves pobcy cvrrently operate a lic¥ol keeping availab fund5 in an inte￿1 bearingdepwtaccount. Granllnt Pollcy The Trustees meet regularly to wnsider what gfants they will male and to re¥ivw any feedback they have re￿￿Ved. The Trustees are committed to applww th• Foundation'5 resour￿ in a responSj￿ manner for thè purposes of yldlftg maximum benef. The Trustees are responyblt for the management of the risks frdced by the Foundaiion and have examlned thè major strategic, business and operational riss to whKh the Foundation is and mty be *xp05ed. They are satisfied thai 5yStem5 and conirols are in place io mitiKate and manage expjsure to such moiw ri5k5 identrfied by the Trustees. They continue to review current processes reco8ni5in8 that SVSte￿ (an onty pro¥ide reason•bbe not absohjte assurance that major risks have been adequatety managed.

The CM Foundation IIJKI IA Company iimrted byGu#anteel Charity Regtsiralkn No= 1156222 Company Registration No= 08702259 Tntstees. Report (continued) Risk Statement(continuedJ The Foundation's principal riskscan be broadlvBrwped asfiJllty•o'. 5trotegKIFsk Sttètegic risks are those that arisè from tht dttisions taken Concerni￿ the Foundatign's obiecrr4es and abi16ty to meet those ob￿￿Ve$. The Foundation a clearvision, rni55ion and 5trate¥K plan that have been agreed by the Trustees. The Trustees regularty review the proBtess of the Found•tth in relation to itsvisioii, mission. strate8K obiÈrtNes and annual targets. Operutionolrisk 0￿ratIOnal risk 15 the risk of loss resvltirfrom fjnadequate or failed intemal processes and sy5tem5, or from extemal evenl5. TIE FoundatiDn ha5 appropriate policies and contrds in place to mana8e its operaiional risL Including system failures. fraud and theft, and failure to compty wth le¢al. rt8uLatoryand Statutory requirements. IAJrketrtsk The Foundation's eX￿S￿re to market risk is lift￿ w cyNenoex¢hanKe rsk and pri￿ risk. The turrency txthange risk arises from the investments held in currencies other than the fvndional aKrerKV of the Foundati(￿. The FoundatiDn doe5 not rtively seek to hedge its exposure to foreign exchange risk The prKe risk arises on the investments due to thèw exposvrè to uctuations In Market prites (other than currerKV exchange risk). tknether those changes are caused by f3rtor$5pecrfic to the linan¢ial instrument or it5 iS5vers. or fartor5 affectingall similar financial instyuments traded in the market. Credlf iysk The Foundation's exposure to credil r￿k arises mainty thro￿ its ¢ash and osh eouNaleDts. The Foundation holds all cash vth banks whom the Foundation has 5tron& Wdlstabl￿hed relatthships ahd who typalty have a rninm￿Urn Moody'5 or S&P rating of investment 8rade. At the reporting date. the maximum exposure io credit risk 15 represented by the carrying amount in the Balance Sheet. liquidity risk Liquidrty risk is the iisk that the Foundaiion wim encounter diifukits wi rneétin¥ the Obh'gat￿TrS associated wlth its financial liablllties that are settled by deliverino cash or another fina￿la1 asseL The Foundation expects to meet its financl•l obli83tions through operatin8 cash Aows. In the e¥ent thai the operating ¢ash flows would not cover all the fInanc￿l obligations the Foundation has cash reserves and Credit fatilities awaitsb￿. Flnanclal A•¥l•w The Trusiees are satisfied with the rtsults fow the year and are of ¥1￿ that the outlook of the Foundation remains positwe. The Foundaty)n'5 incoming resources and charitable grant eypenditure inueased during the year. All voluntary donations come from a sdert number of donors. tath th)nor a related party of the Foundation. The Trustees are artti¢ip3tin contlnued increase in in£omin¥ donalK)ns and outgoing grants in future year& Total incoming resources. made up of voluntsry donat￿￿$# 8lt aKI. iDterest re￿Iled and investment income, an￿￿nted to £78.515.28912022.. É19.761.9201. [￿rIng the year. the Ftyjndètion continued to fulfl main ¢)biects by8raThtin8 E69.70123012022- £21,264,967). The asset base of the Foundation at 28 FtbnMry 2023 amounted to £24.455.04412022-. £14.072.3921 and is P￿domInatelY made up of investments and cash 3t bank. The 355et base will enat4e the Fwndation to rrs ongoing objects. Achlevefflents and Perfomiance During the year. the Foundation gnnted £2.519.94512022.. £941.f4)81 to Tht Children% Investment Fund Foundatlon IUKI I"CIFF'I. a charitable company regtstered in EnBlond and Wate5. aFF 15 the world'5 lar8e5t philanthropy that focuses 5pecrfica1￿ on improving thlldren's INes. CIFF wo￿5 wlth a w￿e nn8e of partners, and areas of work include maternal and child health. ad￿eSCent sexual heakh. nutrstion. eduoiion. dewormin& tacWin8 chikl skvery and exploitat*)n. intrtasing opportunities for eirk and youn8 women. and 5UPPOrtin8 5111artways to slow down and stop d¥n•te ¢han8e.

The CH FOundat￿n IUKI IA Company timited by Guarantee) Charity Registration No.. 1156222 Company RegIstrat￿Tr No.. 08702259 Tru5tees' Report (continued) AchiB¥ements and Perfofrnan￿ fcontlnuedj The total arnovnt granted by the Foundation to CIFF tonsisted of a number of grants forthe folhwiry ch¥ltable purposes.. Durin¢ the year ended 29 February 2020. the Foundation ccrfnmittedto • sub4rant of up to Sio.s00.000 to CIFF to be used in conjunrtion wr(h CIFF'S grant to The END Fund I-END"). a ¢haritable Df8anisatson registered in US Through 28 February 2023, the Foundation has granted $5.443.933 of $i0,5C￿,C￿ commrtm•nt. $3.054.12S 1£2,3S7.SS31 was granred by the F￿rtdatth during the year ended 28 Febrnary 2023 12022.. SI.0￿.( 1£723.C#)011. The purpose of the 388re8ate 813nt 15 to ekniinate worm infections in Ethiopia. Kenya. Rwanda and Zimbabwe. through innovation and parrnethip. END'S zoal is to break tr￿smIssion of intestinal wr)rms and 5chisiosomias15 Ihrou8h ma55 drug administration to an expanded population of thiklren and at-risk adults. as weH as through innovation partnership During the year ended 29 February 2020, the Ftyjndation committed to a sub-gMi of up to $2,(XKI,OOOto CIFF to be used in conjunrtlon wfth aFF'$ 8rant to THORN. o tharitable organisation reg￿tered USA. Throu8h 28 February 2023. $2.000.CKKI has been granted in fv11. $21X).LKO1£162.3921 wa5 granted by the Foundation durin6 the ￿ar énded 28 February 2023 12022= $300.t((& 1£218,60811. The purpose of the a8gregaie grant Ss to drafflaticalty reduce the anh)unt of twne ￿ identify ¥Ktyms ol online child sexual abuse as well as eliminate its extstence from thè open web. To arrNe at these goaLs. THORN ￿11 build or re1￿ik1 and Scale current and t)ew technolo8y produrt5- including without limitatim SOLIS and WER- to arni both law enforcernent and industry with the tools they need. as well as conrtectgk)bal thta. and address ne and emeiwng threats to childrefi online. thJrin8 the year. the Foundation iianied $36.5(K).(I11£29.158.081112022- $21.cth.ofy)1£15,522.69611 to MANA Nutritive Aid Product5 Incorporated I"MANA"l. a charitable orKanisaiion re81￿ered in MANA'S mi￿1￿n it to end malnutrition and has developed and produced Ready-to-use Therapeu¢K F(M)d in the fonn of peanut butter pasie. The purpose of the erants 15 to support MANA in expanding its prr#Juction capacity. Durin8 the year, the FOU{￿atIOn granted s14.5￿.(￿ l£11.593.2ni12022.. $5.(Wxh))1£3.609.C￿oll to the Kailash Satyarthi Cthldren's Found￿10￿ I"K5CF'I. a charilab￿ Organisat￿ registered ￿ Intha. KSCF has, through coTr￿rted and sustained actions. demonstraied that the nEed for a thild friendty 50cth can be ach￿ed through dwettand continued ya55roots levd iThleraction. KSCF continues to fight aRainst al kinds of thild rWts violation. incbjdry child labour, child traffick￿ and chibj Sexual abuse. The pufpose of thegraAts isiofurther KSCF'S cawi8n ¥ainst traffickin8 and child sexual abvse. Durin8 the year. the Foundation gianted SlJth.CO)1£756.Ix161 to my414ro. a tharitable or8anisation registered ￿ USA. My￿r0 has pioneered thè usè of rnobile kyaway and qLtIck￿ e¥ofved into providing comprehensive support to smallholder farmers on every le¥EI. The purpose of the grant 15 to alkn myA4ro w get thi% solulion into the hands of Th)re farmers in West Aliica and demonsiiate the effe￿￿￿1￿S of a Savi￿s4ed approach that enoNes farmers to lift themselves ovt of the cycle of poverty. During the year. the Foundation 8ranted SlAw,￿￿{£75G,{￿6I to M)ora Health. a charitable or8anisation registered in USA. Noora Héath's ￿￿10￿ 15 to wve proper recognitson and support to farThty carelwers to improve health wttomes. reduce preventable complications. avoid readmissions and mortality. Across India aThJ Bangladesh. Noora Health work in ck+5e collaboratlon with publit health systems and local partners to inp￿Mentthe ca￿ Companion Pro8farn I'CCP"). The purpose of the 8rant is to ollow Noora Heahh to coniinue io xale their re¥h to 70 mlllwj) farndy taregws and roM4wt CCP io more facilitie5 and Cond￿0￿ areas. During the year. the FOundat￿rt granted sioo.rm1£81.655112022- yty).tsJl1£288.17811 to Hanover (haritiès I"Hanoveffl. a charitable organi5ation in Jamaica. for Honover's sthoL4rship prograrnme. Education is a key focus for Hanover and there are several educat)n-based 5cheme5 SUPPOrtefl by the charity. includng 5cholar5hips that have been awarded in the fields of medicine, law, Education. social work, cw&municathMs and a8rKu1￿fè. Durlng the year. Ihe Foundation granted $30.(￿.(￿1 1£24.799.7281 to Aurora Forealis Foundation I"Aurora Forealis'l. a (haritable or8anisation registered w) Finland. Aurora Foreali% focuses on carbon ￿PtUre in forests and peatiands. and more broadty in a5SiSting naivre-based so1￿)￿5 lo climate thange. Ourin8 the year. the Foundatbjn also m f￿r f¥rther grants ￿ thawitabl*orpni5atiW5 totsllin8 f 36.538.

The CH Foundation IUKI (A Company Limited by Guarantee) Charity Registration No: IIS6222 Company Registrat￿n No: 08702259 Tru5tees' Report (continued) Sub5eqiient E¥ents and FYIu￿ Pl•ns The Foundation 15 antillpatin8 a continued Increase m donations in the nextfinanc#l year to alknw it to increase its activities in the forthcoming years in order to meet the main obJettrye5 of the F0ufidat￿ and to ensure th•i the application of any In￿Me for the puwic lJenefiti5 ex(hbsNety for thèritableowts and purpow. F0lbWi￿ the year end, the Foundation entered into a real estaie purchase ayeement to acqU￿e a property in the USA for purchase price of $43.644.057. plus assttiatd trsartion costs and taxes. The Foundation also entered into a d￿all0￿ ¥reement with MANA to 8rant the rt8hts, and intere51 in the property to MANL The property wll PrO￿de MANA vAth an addil)nal industrial warehwse and manufarturirqfa¢dityto rnanufaclure Ready-to-vse Therapevt Food. There have been no other siÉnifant e¥￿ts tthich requi￿ lurther tJisth5ure %nce the fina￿131 year end and th* date these financial statements wete auth0ri5ed for issue. Ind•p•ndtnt Authtor5 The auditors, PrKEwaterhouseCoows haveexpressed their williw￿5S to rerna￿ ￿ off￿e for a lurtheryear. On behalf of ihe Board Matthew Kl Trustee Oate.. 29 November 2023

The CH Foundation IVK) IA Company Limited byGuaranteel tharity Ae8istration No.. 1156222 Company Registration No= 08702259 Statement of Trustees. Respon￿bIlItIeS Trustee< re5POn5ibilltie5 Sn relation tothetlrnrKS•l slatwn The Trustees (who ar• also directors of The CH FoundatK>n IUKI lthe-Founda￿-I for the purposes of company ￿wI are responsible for preparin8 the Trustee< Annual Report and the financial ststements In accordance with applicable law and regulation. Company law requires the Trustee5 to prepare fin•nco1 ststements for eath financial year. Under that law the Trusiees have prepared the financial staternents in accordance writh Unr(ed kn"ftKd￿ Attouniin8 Standards. comprising FRS IQ2 'The Financial Reportin8 Standard applicable in the UK and Republk of Ire￿nd- and applicable law (United kn'ngdom Generally Attepted Accounting PractKel. Under cornpany law ihe Trustees not approve the fmanci•l stèttrnents unless they are satisfi'ed that they give a true and fair view of the state ol the affairs of the Fovndation and of the incomin8 re5ource5 and applKatlon ol resources. indudin8 the income and expenditure. ol Ihe Foundation for thar perlod. In preparing ths financial 5tatemeMs. Ihe Trustees •re requlred to- • select suitsble accounting policies and then app￿ them congstenify- . observe the methods and prIncI￿eS in the ￿CoUntry artd Repwtine by Chariti: Statement of Recommended Prartlce11 January 20191.. • make judgements and esiirnates thatare rea$￿?111e3nd prudent: • state whether applicable UK Attounting Standards. compri￿nI FRS 102. hwe been folh)wed. subject to any material departu￿$ dlxbsed and explained in the ffiman¢ial Stater￿nts." and prepare the fmanci31 siatements on ihe Aoing con¢em basis Unl￿ il is inappropriate to presume that the Foundation will tontinue in business. The Trnsttes art responsib￿ for keeping adequath accounM8 retord5 that are Suff￿￿t to Show and explain the Foundatiori'5 transacbon5 and di5ch)se with reasonabk a(￿r￿ ai any time the flnanoal position of the FoundatTron and enable them to ensure that the financial 5tstements compty with ihe Companies Act They are a150 re5pon5ible for safÈ8uardiN4 the assets of thp Fwndation arhj hence for taki￿ reasonable step5 for the wevent￿}n and detection of fraud and other irieguladties. The Trustees are responsible for the mainnance and inie8rity of Foundation's website. Legislation in the Unr(ed Kingdom 8o¥ernin8 the preParat￿n and disseminat￿ oi financbal ststemefits may diffw from leg￿latiOn ￿ other juriylKtK)ns. By order of the Board of Trustees Matthew Klni Ichoirj Trustee Date- 29 November 2023

Independent auditors’ report to the members of The CH Foundation (UK)

Report on the audit of the financial statements

Opinion

In our opinion, The CH Foundation (UK)’s financial statements:

We have audited the financial statements, included within the Trustees' Report and Financial Statements, which comprise:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (“ISAs (UK)”) and applicable law. Our responsibilities under ISAs (UK) are further described in the Auditors’ responsibilities for the audit of the financial statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Independence

We remained independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, which includes the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements.

Conclusions relating to going concern

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

However, because not all future events or conditions can be predicted, this conclusion is not a guarantee as to the company's ability to continue as a going concern.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Reporting on other information

The other information comprises all of the information in the Trustees' Report and Financial Statements other than the financial statements and our auditors’ report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, accordingly, we do not express an audit opinion or, except to the extent otherwise explicitly statd in this report, any form of assurance thereon.

10

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. If we identify an apparent material inconsistency or material misstatement, we are required to perform procedures to conclude whether there is a material misstatement of the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report based on these responsibilities.

With respect to the Trustees’ Report, we also considered whether the disclosures required by the UK Companies Act 2006 have been included.

Based on our work undertaken in the course of the audit, the Companies Act 2006 requires us also to report certain opinions and matters as described below.

Trustees’ Report

In our opinion, based on the work undertaken in the course of the audit, the information given in the Trustees’ Report for the year ended 28 February 2023 is consistent with the financial statements and has been prepared in accordance with applicable legal requirements.

In light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we did not identify any material misstatements in the Trustees’ Report.

Responsibilities for the financial statements and the audit

Responsibilities of the trustees for the financial statements

As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements in accordance with the applicable framework and for being satisfied that they give a true and fair view. The trustees are also responsible for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors’ responsibilities for the audit of the financial statements

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 auditors’ 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.

Our audit testing might include testing complete populations of certain transactions and balances, possibly using data auditing techniques. However, it typically involves selecting a limited number of items for testing, rather than testing complete populations. We will often seek to target particular items for testing based on their size or risk characteristics. In other cases, we will use audit sampling to enable us to draw a conclusion about the population from which the sample is selected.

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.

Based on our understanding of the company and industry, we identified that the principal risks of non-compliance with laws and regulations related to compliance with Part 8 of the Charities Act 2011, and we considered the extent to which non-compliance might have a material effect on the financial statements.

11

We also considered those laws and regulations that have a direct impact on the financial statements such as compliance with Part 8 of the Charities Act 2011. We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to use of income or assets of the charitable company for activities that do not support the objects of the charitable company. Audit procedures performed by the engagement team included:

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the FRC’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditors’ report.

Use of this report

This report, including the opinions, has been prepared for and only for the company’s members as a body in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and for no other purpose. We do not, in giving these opinions, accept or assume responsibility for any other purpose or to any other person to whom this report is shown or into whose hands it may come save where expressly agreed by our prior consent in writing.

Other required reporting

Companies Act 2006 exception reporting

Under the Companies Act 2006 we are required to report to you if, in our opinion:

We have no exceptions to report arising from this responsibility.

Aisling Fitzgerald (Senior Statutory Auditor) for and on behalf of PricewaterhouseCoopers Chartered Accountants and Statutory Auditors Dublin 29 November 2023

12

The CH Foundation IUKI IA Company Limited byGuaranteel Chartty Re8iStratbDn No: 1156222 Company Re¥i5tration No: ￿702259 Statement of Flnanclal Artivities for the Year Ended 28 February 2023 28 February 2023 28 February 2022 Note Incom• Oonations and le8aaes Investment income T¢>tal Income 78,3C%.794 2￿.495 78.515.289 19572,515 189.405 19,761,920 EXpend￿ure Expenditure on charitsble activities Tot•1 •xp•ndliure 4 169.726,8421 169.726,8421 121.286.9491 121,286,949) Nrt Income I lewndilure .788.447 11,525,029) Gain on investments Gain on foreign exchange 1,385,643 208,562 219.920 Nei movement In funds 10,382,652 11.305.109) Aeconclllatw of fund5 Twal lunds brought forward 13 14,072.392 IS.377.$01 Tot•1 funds caff1￿ forward 24.455.044 14,072,392 The Statement of ￿nanCIal Art￿ltIes has been prepared on the basis that all artiVi￿ are tontinuin& There are no recognised gains and h)sses other Ihan those in(hJded rnsuhsabove and therefore no separate Statement of total recognised Bains and losseshas been presented. The accountin¥ policies and the notes on paEe$ 16to 21 forn partof the Finan¢ial Statements. 13

The CH foundation IUKI IA Coryarry Limited by Guararrteel Charity Registrion ￿>.. 1156222 Compary Re8lStration No.. 08702259 Balan￿ Sheet as at 28 February 2023 28 February 2023 2B Febru 2022 Note Flxed Assets kn¥eAments 16.748,694 16.748,694 S.S09.216 5.509.216 Currmt 4Ss•ts Debtors Cash at bankand in hand Total current a55¢ts 7,Y8,846 286,139 7,834,985 728.755 7.879.942 8,608.697 Llabilitlts Credtor' amounts falling due w￿hI￿One Net ¢urf•nt •ss•ts io 1128,6351 7.706.350 145,5211 .563.176 Total fietaS5ets 24,455,044 14.072,392 The funds ofthe Fwftd50n: Unrestrrfed Funds Totsl Foundalton 13 24,455.044 24.455.044 14.072.392 14.072.392 The accounting policies and the notes on pa8es 16 to 21forrn part of the Financial Statement& The Financial Statements were approved by the Trustees and author￿ forissue on 29 November 2023 and signed on thdr behall bv-. M4tthew Kk Trustee 14

The CH Foundatlon IUKI IA Company Limtted by Guaravteel Charity Registratlon No= 1156222 Company Re8isiration No.. 08702259 ststement of Cash Flows for the Year Ended 28 February 2023 28 Febrvary 2023 28 February 2022 Note Net cash uenerated by I lusedinl operatingactm.ties 14 2.260,032 1532,8831 Ca$h flowfrom Investlni aclr*iknQS Purthase of investments Disposal of investments Net rash Used in irN•51ini adr4ttl•s 8 124,634.587 14,780.752 19.853.835] I1￿97.047) IL097.0471 Net decrease In cash arthl cash equl¥aleAts 17593A031 11.629,9301 Cash and cash equivalents at the beginning oftheyear 7,879,942 9509.872 Cash and ush equlval•nts atih• •nd olthe ￿•r 286.139 7.879.942 Cash and cash equl¥a¢rt¢s ¢on%ists ofr. Cash at bank and In hand 286,139 7,879,942 The Foundalb)n has nonetdebt and accordith no netdebt note is presented. The accounting poficies and the noteson pages 16 10 21 fom part of the FiMnti4 Stattmènts. 15

The CH Foundallon IUKI IA Company Limited by Guaianteel Charlty Reglstratlon No= IIS6222 Company Rel￿tiOn No: 08702259 Note5 to the Financial Statements l G8npwal Informatton The CH Foundation IUKI Ithe'Fwndation'l is a Cha¥iIab￿ Company lrnited by guarantee. reg￿tered In El￿?￿d and Wales. The address of its Wistered r)fkn 1$ 7 Slreel London, WIS 2Ft. 2 Ststemnt ofcornpllance Thè finantial statements have been prepared in accordar￿e with Accountww and Reportln8 by Chaiities.. statement of Re¢omrnended Practice applicable to charities preparing t￿r accounts in accordance wrih the h'nancial Reporting Standard applicable In the U% and Republic ol IreL4nd I'FRS 102.1 lefftdivt i January 20191 . Icharities SORP IFRS 10211. the Finanoal Reportin8 Standard applicable in the UK and Republic of Ireknd IFRS 1021 and the Companies Act 2￿6. The Foundation meets the definition of a wbl benefit entity under FKS 102. The ossets ar￿ fiabilities ave initialy recognised at historical cost or Iransartion value othernise stated in the rele￿1 acwuntin8 poky note. 3 Ac¢ourtiwd pokl•s The prin¢ipal actounting poli¢ies applied in the preparat40n of these financial ststewthts are set out bebow. These policies have been consistentty applied toall theyears presented, Un￿$$ othtvwise stated. lal Legal 5tatUS The Foundation 15 a company limited byguarantee and in theebEntof it being wound e￿h memberls liable to contribute a sum not txteedinl £10. Thert arè no shares of any dass. either authorised or allocated. Ibl Gokni¢onurn The Foundation meets its day-to-day working opitsl requirements throu￿ its cash balances and investrnents. After rewewin8 the Foundion's forecasrs and prolettions. the Twstees have a reasonable wettation that the Foundation has adequate resources to continue in operati¢Mal exist￿ for the foreseeable future. The Foundation therefore continues to adopt thegoinB concern basis in prepawiTrg its finarKi)1 str1en￿l 1¢) In¢om• Income is included in the respectwe line item5 of the Statement of Thnancial A(tNitie5 when the Foundath)n is legally entirled to the income and the amount un be quantified wilh re￿nable tertainty. Intomè tompri5e5 of donats'on5. ￿e￿nised when fecefved and banked. and Gift ￿d. reco8nised wlwi there isa walid deClar0￿n fr(Mn the doThor. Idl Glfts In and donatedser¥es Gifts in kind and donated Se￿i(e$ are and induded. where maten'al. in the financlal statements. The contribution of volunteers ha5 been excluded frorn the Statement of Financral £tMties as the value of their contribution to the Foundation cannot bt reasonably quantified in finarKial terrrts. Due to the immaterial natuwe of donated services and ihe th"fficulty in quantifyin8 the linanoal rrnp￿ of same w4 the currert year. there were Tr) 3Th￿￿nts induded in respeaofsame. (el Éyndture E¥pendi¢ure 15 accounted for on an basik Constyucbve obMgai•)ns linduding grants payab￿> are accounted for a5 liabilitles where rt is probable that there will be a transfer of ec(MYX))¢ benefrt5 and the of the obligation tan bt reliably estimated and communicated to the ￿lPlent. Costs of charitable a(tiviti& cornprise all cosls incurred in the pursuit ot the tharitsble objects. These costs. where no¢ whollv attributable. are apportw)ned betweenthecatryowies of d￿rItab￿ expenditure in addition iothe dirett costs. 11) Support and lo¥ernan￿ tosts Support wsts are those costs whith do not relate directhi to a sinRle •ttr¥ity. Goman¢costs ar•those costs incurred in the cornpliance with constitutJnal and statuiory ￿qUIrements related profess￿n01 fee5, and are accounted for on an accruals basi5. These costs are induded underthe he•Jin8 th)ritst4e 3ckntJes in the 51at¢ment of Financial Activities. 5tspport and governance wsts have been apport￿ed betslwi charitable acti￿tS ￿ an expendllure basls. whereby the osts are albcaied proportionate to the nature of the grant funded actwity.

The CH Foundation IUKI IA Company knmited by Guarnnteel Charity Ae8bStration Nv.. 1156222 Company Re8i%traiion No.. 08702259 Notes to the Financial Ststemenls fcontinuedj 3 Attountsn8 Pfjlidej (confinuedj Ill Fi¥rei8n currenry translation Monetary assets a•d liatsilities denominated in lorelts currencie5 are tran5kted ￿t0 pound sterling at the rates of exchan8e rullnB at the Balance Sheet date. Tran￿￿1p￿S in f¢)rwgn curyerK4e5 art recorded at the rate ruling at the date of traTrsactlon. ASI differences are tsken tg the 5ts1ement of Finèr￿1¢ Atti¥itie& Ihl Funds Vnrestritted Fund5 comprise those funds which the Trnstees are free to use In acctxdance with the charitable obiectrwes of the Fotsndation. Restricted Funds comprise those lunds thai can onty be used for ￿rtICu￿r restrKted purp05e5 vrithin the objectives of the Foundation. Restricted Funds arise then the Ivnds are smifiEd a5 such by the donorlsl or when funds are raised for particular restricted purr#)5es. Expendable Endowment Funds intlwjt al fund5 rtteivtd whKh theTrusteesare authorised io spend and rfthey decide io spend ihese funds. The fvnds may be used to further the 5pecffic charitable purposes the Foundation was estat4ished to support. These cosrs can include both dirtrt and support tosts assooattd wth aciwitie5 undertaken by the restricted funds within the Foundation. IS) Invqstm•r Investments Comprise non-contrc41iw irrterests in in¥esthwnt (unds whKh are measured at fair value. The lair value of th? investments I￿ determined by the net asset value of e￿h fuTrJ as at the reFXtwq penod end date. Changes in fair value are recognised in ihe 5taiement of fv"nantialAeti¥ilies. 151 Cash and eash equlv4lents Cash and cash equwalents indudes cash in hand and bank (NÈrdrafts. BaAk overdrafts, ¥A￿e applicable, are shown within borrowing5 in current liabilities. Ikl Flnan¢l•l wlstrumonts Th• Foundation has thosen to adopt Section 11 of FAS 102 in re5peftof financial in51rvmenis. (11 Flnondol gssets ondinvesrments Basic financial assets. including ￿erOble$. and ¢èsh and equr¥¥ents. are initialF¥ recogThi5ed attran5artion price, unless the arrangement constitutes a fmancing transathon. where thÈ is rnea5ured at the present value of the future le￿Ipts di5￿Unted at a market rate ol ￿tereSt. Syth assets are subxguenity caryied at •mort￿& c05t usir% the effective irrtertst method. At ihe end of eath reportin¥ period finarKial a55ets measured at arnortised cost are assessed for objective ￿idenCe of impairment. If an asset is impaired the inpairment k+ss ts tht difference between the carrying amount and the present value of the estymated cash fiows discounted at the osseY5 oriuinal Effertive Inte￿5t rate. The Thpairment knss is recognlsed in the ststement of Financial AciNiiies. Other fmancki13ssels inchjding in¥estments. are inrb4tymea5ured atlair value. whlth Is nomMIty the transaction price. Such a55ets are subsequently carried at fair value and the (hange5 ￿ fair v4ue are re¢o8nised ￿ profit or loss. èxcépt that investmtnts in equity in5trurnentS that are not publxty tr*d arml whose fay vabues fannot be measured reliably are measured at cost less impairrnent. IKI} FlnonclollyobllltAes Basic financial liabilities. induding trade and oth•r ptyables. are ￿lIla¥Y reffj8nised at transxtion prKe. unless the arran8ernent constitutes a fmancin8 transattion. where the debt 11151rumenl 15 ITiea5ured at the present value ol the future receipt5 dixounted at a market rate ol w5terest. Yrade payable5 are Obligat￿n5 to poy for good5 Of 5eryi¢es that have been acquired in ihe ordinary course of bu5¥￿S from suppliers. Trade payables are teco8nised 9nibally at transaction prite and subsequertily measured at èmortised tost thé effedTr￿ interert method. 17

The CH Foundation IUKI IA Company timited by Guaranieel Ch•r)ty Re8lStration No: 1156222 Company Régistration No.. Q8702259 Notes to the Flnanclal Statements (continued) 3 A¢ctyJrtin¢ Polkltsfcontlnuedj 11} Critical acc0untlryjud8•n￿ts •nd •slhnalloTh urK•rt•knty Estimate5 and judgements are continualty evalUa￿d and a￿ based M historic•1 eMpetnte •nd othèr fartors. Int￿dIng expertaiions of luturè tvtntsthat are bdithd to be reasonable the orcummances. The preparation of financial statements In ￿lI¢￿ity Mth FRS 102 rtquires the use of certain critical accounting estimates. It a150 requires management to exercise itslud8ewent in the proce550f apF41I￿Ihe Foundat)n's accounting policie5. The fair value of the inveSt￿￿ntS in the investment fundsaredetemNned bythe proportKinate interest of the nèt asset value of each investment fund a5 at the reportinz per￿ end date. The Trustees plxe reliance on the ac¢uracy of the net asset value of the invest￿NI funds. determined by the t￿ardS of the investmeni funds and, if applicable, appiynted eemal valuers. The key accounting judgements and estimates in deternMhin8the net asset value of the in¥es¢ment fundsare the fail value measurements of the linancial instruments held bythe in¥e51m￿t1Und5. Thè valuation of unquoted investments 15 based on an ￿dependent ¥￿U31￿)n of the Nwe5tments. based on the underlwn8 asset values in the acctyjnts of the unquoted investment eniity. There is è 1 of estimaiioo invofved in these valuations. The Trustees review the indNidual valuations applied inchjdes subsequent perfortnance of the investment and tskÈs atcount &fadv￿e provided by tthmal irNestsnertad¥isors. 4 Expenditure on charable •rtl¥ftles Grant fvnded Support & 28 February anivity %￿ernanCe 2023 28 February 2022 Humanitarian aid a5 3 result of criminal behav)ur Advan￿rnent ofeducation and pro1￿tI)n of health IL755.662 S7.94S.S68 69,701.230 4,320 Zl.Z92 25,612 11,759,982 57,966.860 69.726.842 3.831.565 17,455.384 21.286,949 An4ty515 015UPPOrt al￿￿0￿¥manCe costs Gener•1 Gtyemantè 28 February prn fv￿￿￿)n 20Z3 28 February 2022 fjovernance costs Finance expenses oth￿ expenses 15,763 15,763 16.092 5,385 505 21.982 9.849 9.849 9,849 25.612 15.763 Finance expenses indudes losses on foreign exchary trans￿l0n$. The Foundation had no em￿ duri￿ the year12022- nill. The Foundation con%de¥s its key management persLrnel to comprise of ihe Trustees. The Tru51ee5 vipre riot paid, nor received any benefi￿ frDrn ihe Foundation during the year12022: £ndl. The Trusrees We￿ reimburned expenses durin8 the ye¥12022: £nill. No Trustee received paymertt for profes￿onal or ot?￿SerVICeS supplied to the FoundatKJn12022.. £nill. 6 Taxatlon The Foundation 15 exempt fmm tax on KKorne and gains fal￿￿ wiihin sedkni 505 of the Taxes Art 1988or seci7on 2S2 of the Taxatlon olChar8eable Gains Act 1992 totheextent that thesea1ea￿ied toits charbtablp obJert5. 7 N¢t lfitomè I lapendltwel 28 February 2023 28 February 2022 Net income/ lexpenditurel ￿ stated after char8wK8'. Fee5 payable to the Foundat￿'S auditors lor the auditof trfinanci•l #atements 15,750 Is.r 18

The CH Foundation IUKI IA Company Limited by Guaranieel Charity Registration No: IIS6222 Company Registration No: 08702259 Notes to the Flnanclal Ststements (continued) 8 InvesimEnts 28 February 2023 28 February 2022 Broulhtfonvard Addiiions Disposals Gain on financial assets at lair value Carried forward 5.509.216 24.634.587 114,780,752) 1.385.643 16,748,694 4.192.249 1.097.047 219.920 5,509.216 Investments represent subscriptions in tsm12022: one) unlisted iTr4pstment funds aftd a non-contro11in8 thterest in a Ilmrted liability partnership incorporated in England and Wes Ithe"LLP-l. The fair value of the investments are determined by the net asset valuè ol the unlistsd investrntnt funds and tht LiP as at the repDrtiryd penod end date. cha￿eS ￿ faw value are re(ogni5ed irL the 5tstement of FinarKVdlAcb¥itie5. At the year end. the v￿ve of the invesknient In one of the unlisted n￿st￿enifUThJ5 was £4,699,71912022.. £4,395,5391. The unlisted investment fund pro¥ide5 debt fmancing to financial ￿$trt￿tiOnS and war and sanitavon enierprises provlding water supply and sanitation micrdoan5. products or services to families liwn8 in Indki. Indonesia. Cambodia. and the Philippines. Th unlisted investment fund xpert5 to reach 4.6mllbJn pewAe with safe water orsanitstion over its seven year During the year, Ihe Foundatifm wa5 th)nated share5 ￿ an unlthd investmeni fund of s30.oc0.￿1(£24,634.s87I. Upon receipt. the Foundation granted $18.chxI.iwxI1£14.780.7521 of the shares to a ￿lStered charity. At the year end, the value of Ihe Foundation's investmentin the unlisted investmeni fund was ÉIO.879.30S12022: £nill. During the prior year, the Foundation ao4uired a nO￿￿￿romI￿ interest in the LLP at a rnst of £1.097.047. At the year end, the vahJe ol ihe investmentwas £1.169.67012022= £1.113.6771. 9 Oebtors 28 February 2023 28 February 2022 Glft Ald ￿Ctivable Loan re¢eNable (Xher recewables Pfepayments 7,134,079 351.997 7.917 SS.7S3 7,548,846 403,750 316.913 7.917 175 728,755 10 Credittys: ¥mo￿ts fallir¥dye within ￿ year 28 February 2023 28 February 2022 Amounts owed to related part￿$ Trade payables Accruals 57.28S 55.6C 15.750 128.635 30.SLKI 21 45,521 The arnounts owed Io felaled partie5 arE Unsecured. intere5tfreeand rePaYab￿on demand. 19

The CH Foundation IUKI IA Company Limited by Guaraniee} Charity Rezlstratlon No.. IIS6222 Company Registration No.. 08702259 Notes to the Financial Statemenls (continued) 11 Fln•nd•l knstfuments 28 February 2023 28 February 2022 Flnancial assets at fairvalue 16.748.694 5.509,216 Financwl asse15 that are debt instruments. measured at arnorti5ed c05L" loans recd¥able Other receivabks 351.097 7.g17 359.014 316,913 7,917 324.830 Financial liabililS measured at amortwl ¢4>St- Trade payables 55.6 21 12 Flnanclal r15k mana8efflent The Foundation's financial activilies may expjse it to a variety of fThnclal risks. broadly grouped as market rlsk. credit rlsk and Ilquidity risk. Market ilsk The Foundation's tx￿SUret0 market risk is fimited to cUrreKyeXtha￿ risk and price risk. The currency exthange risk arfses from the investments held in currencies other than the ful￿￿￿al cuwrenc¥ of the Foundation. The Foundaiion does not artively seek to hedÉe its exposure to foreign txthan8t The price risk art5es on the investments due to their exposure to fluctuatlOll5 in market prices lother than currenryextharvle r￿k}. whetherth05e chan6e5 are caused by factors specific to the flnJncial Instrument or its issuers, or fart0￿ affeaing all fiThanco1 instrumentstraded in the maiktt. Credlt risk The Foundation's exposure to credil risk aiises mainlythroush ts cash ba￿nCE53￿d loan receNable. The Foundation will hold all cash wrth ban$ whom the F(wnd0ti￿ has welkestablshed ￿￿tiOnshipS and who typically hè¥e a minirnum Moody's or 5&P rati￿ of investmeni grade. The Foundation monit(s the borrowei's fThncial perfomiance on a 4uarterly basis. At the rewting date. the maximum exposure to credit rtsk islepresenthd by the carrying amount in the Balance Sheet. LlquFd6ty rlsk Liquidiiy risk is the risk that the Foundalign ¥AI encounter difficul￿ in meetir4 the oblqations assocl•ted ￿th its financial liabllities that are settled by delivering cash or another f￿anCIal asseL The Fojndaiion expects io meet its financial obligations through operatin8 cash fbws. In the e¥ent that the operntir4 osh fknws would not cover all the f￿anCial obligationsthe Foundation hascash reserves and crediifaolities availa￿e. 13 UMqstrl(ted funds l Marth Intoming 2022 Re50ur¢e5 RstyJrtes Expended 28 February 2023 Unrestrirted 14.072,392 80.109.494 169.726.8421 14.072.392 80.109,494 169.726,8421 24.455.044 24.455,044 14 Notes to the 5tstsment ot Cash Flows 28 Fe￿Uary 2023 28 February 2022 Net income I lexpenditurel for the finanaalyear 10.382,652 11305.1091 Adjustments for.. Gain on finarKial assets at tairvalue Ilncreasel / decrease in debtors Inttease in utdttors Net cash generated byl (used in) operatynga¢¢iviftes 11385.6431 16,820,091) 83.114 2.260.032 1219.9201 955,634 36,S12 1532.8831

The CH foundation IUKI IA Company Limited by Guarantee} Char6ty Registration WLI.. 1156222 Company Rwstration No.. OB702259 Notes to the Flnanclal Statements (continuedj 15 Contifigent Ilablltles and fl￿￿¢￿•1 comm5tsn Tht Foundation had commf(rnents at the year end of É24.631.40a12022= £21.706,8531. The Foundation has èrrtered into grant 3gTeernents with Charitab￿ or8anisatKMS and made grant5 avaibble as drawdown lacilrts r)ver the 8￿￿t terms. The commitments at the year end represent the wernaindef of the total commtted grants that the ¢harit•ble organlsations havé not drawdown. The Foundatson wll fund the<ommitmentsthrough cash balance5 and future donations re￿IVed. The Foundation had no contingent liab￿11￿ at 28 Felyuary 102311022- £nill. 16 Related p1rtytran￿rt1D￿5 Durlng the year. the Foundation rtevml donatio￿ without conditJns of £71.124.69912022.. £19,163,562) from relètèd parties. During the year. the Fovndaib)n made tharr(ab grnnts to The Chldren's Investmènt Fund ￿JTrdats0fi IUKI I"OFF"l Df £2.519.94512022: ￿1.608). aFF is related due to C. Hohn bery a tnrteeofOFF. Duflns the year. the Foundathx recep￿1 profft di5tribJtion athan￿ of ÉS7.28512022.. É30,Sts)I fromihe LLP. The amount 15 reco8nised as a 1lats.lity untm the LLP alocates the profrts. The LLP 15 related through C. Hohn beng 4 trusiee of the LIVS ontr¢Sling party. 17 Corttrollwg party The cwlrollin6 party are the Trustees acting in the General Meeiing. 18 Subsequent events Followln8 the year end, the F￿Jndat10n entered into a real estste ptsrthase agreer(￿t to acquire a property in the USA for purchase price ol $43,644,057, plus assooated transartion costs and tsxe5. The Foundation also entered intD a donation agreement with MANA NutritNe Aid Products Incorporated I"MANA"l. a (haritable organisation iegrtered in USK io grant the ri8ht5, title and interest in property to MANA Th property wdl pro¥ide MANA with an additlonal industrial warehouse and manufactUM8 facrfrty to Manufattu￿ Ready4TrU5e ThErdpeutic Food. There have been no other synificant events whKh require further disdosure the fi.nancial ￿r ertd and the dats these rH)ancial statements were authorised lor ￿sue. 21