2021-12-31-accounts

Th• Frneland¥ ￿(￿n￿lIOn Lkntted" Ahnual Reportand Flnanrlal 31 Decembèr 2021 Ctyrwny Regislralion Numbgr 09497277 {EnglarKJ and wa￿S> 1162646 ct¢rity Regi**'on Nurnber ' 'ABLY4AMIJ• CCWAPANIES H(XJSE

ObJ8cIivo5 and ActMti8s 10 1Q Artists a￿￿￿pr9dnkS8tkn 23 Rèsèarth 32 Nw Plans for FUtsJ￿ Pri 47 Fln•n¢l•l Sta"t•mènf• 51 52 Thb Fr*kr¥Js F￿l¥jat1Dn Lirriitod

Truslees sabeth (Char) Kl¥Jk Devereux S¥ats"von schj￿dtAIrf￿thThSladt Kdth Tygo Re￿d olficé 119 RwY$ Pk Ro￿1 NW18UR Telephone 020 359B 7081 . Cryny ro91strntboTr nurnb•r 09497277 IEng18TrJ arnj Wales) "Char5ty regiBlralion numbv Lorth, EC4A 3HQ Bank•r Cfrkweaco 37 Fl••t Stro8t JP Ntsgan Ii)twnational"BanK Lld"" 1 K￿l$brIdg• LoTrJon. SW1X 7LX JP Mtyi Bank Luxembwrg S L.2S33. Lthmlwg BlxkRttkhwestmBnt IUKI Lifft￿l do BlackRo¢k (Luxembtswg) S. 1059 L-1010. Lumqnthrg Bank ofNewYtrk M6lbn 1&3 Quttn Vltaoria Street London, EC4V 4LA . Tho Finlands FooThJgtion Llrted

.SollGhorn Fanw & Co 66 ￿nc(In.$ IM 'Tho Offltss ofrSuzann&M Rty'Gman lao P￿￿dIly, 2TrJ Fl Lornloro. W1J gHF Th# Fr0*1arthFo￿a4tsem Lithiteo

The TfU91e¢s kyesenl lh anr￿1 rer#Nt and finarit481 statemènts. logèthw vAth ' auth1￿$ repo¢ for Th& Freelands FiksrthtK)n Lthrt￿ Fwidaltsnl forlhe year ertd 31 [19￿tr2021. Thg rwrt l¥ Part 8 olthe thrthes Ad 20118￿0 entilled to th& $rr￿M con7Pont8s. ￿kh an 8X8rnPtkJn frorn a Stratsgk ReF(rt financiol ststsments ha￿ be8n.PTepared thea¢<xMJnling. pol￿4&$ Set tyjt on pages 55 to 58 ItweFn. Th6 ststsrnents conwty with Ihè charitsb10 0)mpany's Staténwrtof RgconwdedPrnctk•. rn18vantt+ charrbe5 their acaxjunts In 8crrydBnce wilh the Ar￿nCIal Repothg Slandarf applJLJe kn th& KlnoJrmaAd Repubk of Ire￿TrI IFRS 1021. The Fredants set up n 2015 by" Found8r and Chapw3on Elisat)etb Pthwdoch to grK everyD1￿. reg￿dleSS of trwnd or bcation. Ihe"¢hanc¥ to tske part in creating arKI erityngart. to aspirations and empov•W people lo transtomi th￿ opporturxlies in "How on 18 2015 wa5 regi51wed as a charity ty.the Charity C(rn1$4on for England wdy41￿¢S t)n 13 2015. Froefar& F￿Th￿tion. topllr wfth Its p￿t undertAk¥u. which is a.us entityoflhe Sarnen￿e. is a'￿91. qUaL￿ed chww. Tho par￿1. antty is 5Utioctto Uriled Sta of Amera rpgardirvJ'pTiVgte foun￿￿¢￿$. and thè UK endtyto c*wlty law in Engl￿tal¥j iThè p￿ent c4n èx¢rclse ctxtho11hrough i )W ￿ aKK401 Tnth•s oflhe FwrthtM'.$Arb"'cles. and its. The Frnelgnd5 Foundation Lirr•te(I

. Truste•s' Report CHAIRPERSOWS STATEMEpir .ew.' Ell￿￿ M￿n..Art￿. MIM4 Iwinrw ot Z021 Freelands Award wlh grti5r Jacquano FowM1ation frx tho of th& sixth anrrt￿I Frn8laThls Award. E'merging from succs$i￿ lo¢kfh7•Ats into • thalryg ¢ontgmporary cmtex( wo cql8brated the energy mowd by tha bY￿￿"Sts arKI pe•rs of Fr￿￿￿•110n'S only 8tspport and gjstan. Imrt b advance arrylfy the olteachery, and art organisattins ir¥J Ihl$ p9rkxY: and W18 llh gfgat rld8 ftrAt I consbyer sorri of Ih8.athevements ouuinod in rwl ltrt￿￿#￿￿.Ihe 2ty21 Fregknds Aw¥d Jo9]￿1￿0 Ponc•lot. roll￿d￿n a Hfetlm of leeming and rnak￿. aThJ ts wnpolarKe of a tga¢hw ¥$ %¥011 a$ an art￿. Her deCfj(%t￿ resonated wth.tyx fund￿￿] belief in ths Importa1￿ of'teamkng and fnaknig". which urKknw"n5 al FLIM￿eti0n'S In sthenth yw, Dur o)rnrnttment lo" ' remo￿oL￿deS and 9￿b￿9 (Yiginal approths.that open aoxsto art aducallon and Pf4Ctite fLV 15 keèft•r than t￿. 8Te rntinuoLtslY"￿rkng to efK8ure tho naxt gee￿at￿n of artists rewp5erts thè breath and ¥ar society. S"IrTh coJre•ty wws. 1o¥eYo0)gnisedthatschw] edLKatw)n Isfoundationalto a lffelong relationsNp.wlh VISU￿. &1 ewlppiry >wvJ F Ihe IDDL5 to think 8fid make b¥dy. Ths 15 wtyk teo&w3 attho ofour strategy. tgacfrwrs Lqfèrs spac8s and lor p8W Wpprt in le￿he￿ can >)me togother to con6iderknflo"thlwg d￿e￿ effjaging artvirittknm In raWdythangingeduraliDn onvlronYrW)ts. In dlff•r8rt r£rrtexts •xoss lh8 UK &) W¢xking colknboratNely ihr•Jgh a of artistrled w(¥kslY4>s, the fortrlthl provides participants ith a)nsthr pYacUce, wwdso kntrodudng fiow lJeo$. fnatsrla15 and ws olapproa¢lrvJ. thIrnkIwJf(￿ arkl makkng TrAYxk. l amvary ￿lI•d to see Ibe worh 8 tytPw 2022 p•Udpants, olthiy progrnmme. SHIFTfim wies bp(** a Th￿tr￿ futwe in 2021, dlfferent perspecknes on USI￿ ijgitsl FlattL¥￿ duing the loDDat us lo r•)nn¥cl wth thoL¢arKI$ The FrBd¥TrJs"F¢wrthkn LThlt0d

Col)raths'. tunded Ilwh ￿rpartnernhp¥rith hrty c￿n￿l to devefoyand testbJrfferent apwoath6 to tsqclurvj for ￿e￿Il¥￿ over Ihe ￿￿xt I1¥￿ JTars. regions of therws-xthe arts and w¥lersy1WI Palel bourwxl¥x. l initMts¥e4 owwcrtb r3ynmlstslLffi subst#nllal rewr¢h to" art irb ¥th￿ss. to L￿der$￿Tra th• challys ond gppvbJrwts8th8t ItV¢ahead. IrF March 2021. ¢elwJhted ).lau￿kn.a landmth" .pafyw8Np R￿￿￿rned0 Tritst looktng at rdÉ in art thatiop. with a Ws on Key St8g&% 3 and 4 . lh• ittori beh￿n aTrJ lgssons. AS I vthte, their Cam for Ewdeftce ig .opon to &uthnts. went4 and othets kn the Sec￿ to sharg. their experien￿ 8ThJ n8vJhts, aloiyle data gathw8d.by the team wll 'LX)ntrbuio ttyourwts uN1W51￿ng.lF ofethr¥c n11￿1ty sfudBnts. and shape MeaDwhl4 Dr Pal TtroMpS￿ hwcomryMssiDn Ur4¥8 ol Nolongham In the t￿Ing ofthe.arts in provkthrs irNable in3ht Into thB fouThlations of In tertiary•d￿ab￿ 2021 sawthe dec4S￿bY ts mnT￿lI0 cutr[w￿l19 t&wt and design c•urses by half. Against thb5 d1$fr￿Thng (xntexL the Founéaticfft advancéd its aetiwibes lo offer Me￿1￿ cwrtinili05 for thJs&tsaehlng sti•tyirvJ art In univsfvJ"es to spth aNI str¥ngthen nv• tha5 and apyoxtss. lethrers rn tha UK sharodlh8r oXWThtrths aFwoBche5 frj thediscapllne in th&18ce Iiee pathrs 8mbgd<d ¥lthln t In Bh. Brwm arvj Manch8ster.. Working akjryide #uderts. th• affcxdÈd thal ¥rKI me18p1m￿ sw to dovelop Iho yrr<J'¢ rdatKinsf¥"p bet￿￿ W￿￿1￿nal pra¢lw thal are so cntral to mgfty ' 8YOsts' c¥ws. Ftyfight¥l sthx4s sthitted entres to the 8oc¥)nd Palntlng Pr1￿. arnl'in twnt4r we ￿blEed eX￿p￿ ￿rkS by sbxlwts Aberdeen to Southamptoo. floLWiSh. arAmatirwJ t educa￿ for s￿v￿j p8op and crymrrwnth in gole￿ and pu.tik sparm &xis5 the tsuIty. Ikon "IhoT floatiTVJ art sthoLI. and the S1¢)W Boat namgated the canals of 81rnxrvJha￿ .wcAVth￿pttsn and Cwty. In H8¢kney, school gen8ration hpjh ¥treeL Vorwl¢2 Ftyan. Tbtr Frnaknds FcWntstI￿ Limited

We iire all thrw b lèarn cl Ryan'$ ftorThnaion for th6 2022 Ttsfnw Pr128 lor that comnMsm, as 7Ael 8s Iw Freeknds Award exhitAl4￿ at Splke Islond. hjso sho￿1518￿ of Ideas and practices IW w 119 for de(ade8 u"fMlèr the surface ol mairtstream v.islbllty in our sec¥x. th8 trrpyf￿ of sutskning and a￿￿￿kn9 It￿ pr8tXIce8.. Interse￿1￿9 lath wDpgcl thè. ￿[¥leT-r￿￿¢1jn .￿ many wusts, whetTrEr they bB g￿Er, rac6. das6. ktakn, di5abity Lv otrw (¥r￿rI￿a￿•s...a1￿I in 3321 e£ntinued our work b tOlderstand and addr￿ these barws. .(￿r￿TAja1 rèsearch intrthe r8w8w1t￿ fprthe fnl me intersedicfftal data on we arml SOc￿e￿￿k dass. alcligslth essays drawlng on the Iwed exwien￿ of pr•athnors seclor. I look forward lo Iaadlng Ihe next rlthe cCrnMkn￿ taterth& ytsrwlych wil •xpd its apeTts¥ f￿h¢r to 81$0 irKlude' IWJ g$peo8ty th? In of work for wWic coiieth"o"ns. W6 th6r•fore delpted to.anpwrKe ￿t the 81)wtsilion of [r￿ugUra1 Fre8l&nds Awartl w1n￿r JaquohrY8 Ex)1o'$ Advtt 8arty T. Ixrt a rth partsslup ￿th Art Fur￿ that ¢n8bkn.oeJwiwbons of by ￿1 and fuluTr Freelanda Awwd W1n￿r8 p￿rnnent cdedicfts. The 8nrwncaw)tfltrfir51 FJyl8ndsrt Fund A¢wlskn.wil be m kn Sopt8ner 2022. St8er•J bytha ￿SOlUte ￿ lThY￿11 DiveTrJtyktiori GrDUV, We advanced our¢>)mmitments toaJdre5slheotwwy tywofradal Aitywainy In tho VL$￿[￿tr." nwas With géal exCate￿￿nt that l￿de wprerxjth kry4erm ￿a.nIS to"UAL th¢xkfflL8N)g Irt InsJlute and Wyslng xts Contre, embarkpA (m.a tsrFye3r Frnamme to ampllfy1he pm¢Ucts ofBlack artsts..tlv alAfrican.Carlbtean Asian heritap, tlwough pathots"hipB Mth luw 0fyx￿h fi￿1￿"t0 (x¥M tC3ethw a9awI in Cardlff last OLober to d￿COver rrK>re a￿ul Arbsts the rity and i>jwderts to￿￿ coMptof'rd(kal log8thernes5'. Wè have. ntr4W tk fiyw¥d to.the optiTrNsm. Our Ngani$8tlon and se¢lcf The" Fmlends Fund•lk*n Llinited

A5 we I(￿ foThwd. I that by harnessing the Shared crealmty and 11edica￿On of teachets. 8rtbsts aThJ (ryanisaiKJns ¢an toget￿ ￿rrOW$ barriers to access and energise t to en￿￿ a lulw? in ¥thic* a breadth of hJeas and practices fi￿rtSh. Th• Frn8lands FOuThjat￿ LiMi￿d

.Tru15t¢es' Roport OBJECTNESAND ACTivmES T￿ ¢harft&bl• obJ•ds of tts Freelands FMdthn are set cyrt.vl Its Artlcl'es ofAssorAation a￿1 are to alfva￿ eth￿t￿, in by en¢oLW8giwp￿lIC.Unthrn￿jng and enwmrtof the arts: and cthr charjlablt wryM)ses for the b8￿fit oflh8 pittlicas the Tn￿￿e3 Imo to Iltrn.w ftL Mb¥lon The Freeiwth F(￿nd81￿ togiva evory¢n8, fegaths"s of bacgrDund or locstbn. the chonce to tsk• pwi In crnathg ¥KI enJowu by adva￿9 e(knaOon and 8mpowetinq tsxhws: suppLrtirvJ •lists arwj ats ugaAi5alions acrogstr VK., and commiBSttsniNJ Value& fi#lher 9ndad￿Ve mrye. énd ac48s.an 8neblarto ¢xganisaUms of 8ll$tiag.8nd le¥￿ . Strl¢ alms FwndaJon has Il¥•e thtsgKaYns tw 5UPtKxl"ts ¢Ytrw•rchkng l part in mtoYJ 8r#Y ¢npy¥BwL ¥th a parti￿1# Dn e￿W￿ri￿ teac￿1￿. Th•FrndarrfJs F(￿r￿laIk7n.LH?￿ted

Thistw, R•port. 2. ARTISTS: To S(1p¢￿￿ts arts UK In OTder'to nurtu're artists. 1¥aati￿, enhw thek sklts. exhlbrt I￿￿r¥￿)r￿ aThl reach into ther communltses. 3. RESEARCH AND PU8LICATr)N.' To in¥ate alK￿late Ihe Val￿ that art (wluwe briTrJ fo f The p¥rKipal oEyth fcYthaFr•rth FwrMJ8VLY¢ in 2021"hvgs.to suslan develcy tts. 9rant4vkng."edu¢atknnal and 8¢lMbe5 in swri of vtsual art and art educaKJn. h ths year.thè Foundallon expwthj rts athitres. wdh an inL¥e8sed fr￿5.0n acc￿ arvj I￿￿5￿)n in art ed￿91•￿ andlFw ¥t Actxxdngty,.tho F￿ndation £2.349.851 ts 27 (2￿L0-£3,799,914l The Tnes ha%E du• I￿￿￿d Fxknlic berEfiI prwNJgd b.y the CharTty c0mrnwl￿ when 50tiry the stratsgj and rfNEctKn oflhe Fc4Jndation 8JMI in thr dat￿On. .makKg. Th& maln a(￿￿$ u]ertaken ￿ the In fLV1h￿ clthe Foundation's obieclNes and ￿tI[ctsenefft * tyjill￿1 bebAf. ThèFréeknds FoundatioA.Ltmit&J'

ACHIEVEMEi¥fs Amts PERFORMAWCE . .In W21. Foundakn swit £z.569,93312020- £746.Cil91 on Eth¢oti00 0G￿tS, indwjing £1,%3098 (￿O-£304.529} Sn gwwts gnd E427.471 (2020- £1fj9.1971 kn dlreci c¢ts Iwogramthes ¢elvgfed byltte F(￿￿) (see p.5TI. D-￿￿9 2￿11. fvTttwslrengthened"its T￿￿ tsachws. which siis at theirwork. As the seclcf has emerpj from a p￿70d of arArte pwure WKI isolation. the ¥due ￿ c&b¢ya1￿). L))nvw$8lon oThJ makkng havebeen rnore apparent than ever. Ow.txpaNJty ofr•skl8ndos. ¥¥orksW. ra90urc85 ahd peé n•hyort¥ lor offw spacw arnl slrtKturgs fty pb8rSwpo￿ In thgy. can ccqne togellw lo o>ns¥#er hmf to loach a d￿lSe and original atEducation Gufficujum raiNdy In adrfthn toM￿thng wtth" wtteacher5 dwedly..woalso mlt relwlonthlps Wllwrtm•nts ttthln thg localarea. Onabllng us to A resklenw wtBt teactr￿ and edLKat¥5 ran frrxn2fi Julyto 6 August.. at Fr8elarth FotndaiC￿ w4ect space in Chak Farrn.. Lon(k)n. lfier an open call, Cronln. Kathryn Devine. Dkkwn. Uty HthrL knya Mustcq Paul Royrnorxl: Keda R￿. MtiAel SaccD: W Skw and Fan Yèung. ways ofthnkiry ab(yJt and rrnkrvJ wt. We in￿kd artist teactws toh)in us In lori￿ pnYAsw8nd 8bcxJt m&kry. tse8tin9 the opp)rhJrltylo w6rk in.an expansrv8way. unpMtr¥J ￿cha￿jupT$c￿￿5 atcAJt 8rt18tk Fra¢tA. Tojrthor. lh8 woup olwclkky, ￿￿181￿Nablvj gnd ltrlnkiNJ. th￿￿￿8￿nS thlthth8 FOUnd￿'S team army Inviled D)llabcvators Angell. AndyAsh, J058ph &itthty. HL4ty H6ndry ￿ Ta￿￿Tr Witdy. of IhB colkÈYJrallve ¥¢il ofltfv ThYestr￿4AYOd so3￿S (anled.thrc)iW Into WÈgk wikn. Tifv.Fr8dar#ts Llmltod 10

Trnsl•u' Raport Frcn 12 hA4usI- 19 2021. ihe w w8sopenedto the pubfjG. ￿Gh of .what rasthl arml Was presprtgd In the projed spaGo Yds d84LrthorwJ,. unfmlshed. unresolvwl in WDgre55. ac¢7denlal artl Th8'oxhibith'Dn' w•5 an attwnptto raphwg rntsidenc￿s enwgy. to ￿5MpsO bghlnd ts curtain inkn the spaces of mking. We Nydnted to share the'space of making.. kn affoTd the aud￿nCe tha pportunlty to form 1heir LY•m ¢Thrwrtions. Jo rknserye knks and convérnthn8 bÈtwèan the artists and thg matWi31s. as ￿ 8s betEen tre 8nbtstsmsefv&s. Thg OXhb￿on was altended by 295 ￿61t￿, with 487 Ihp ￿lne exhlbllbn 5c4n. Ow c4)nver5)ns wrth thèVartldpatiry.artst 18achets contiw&J after th¢ prolect. as they rAnlinu8d to dev) fvge apwco¢h$ arwj ideas tt> •xplore them in Ihwr txn t¢xts. We launch8da nx>nthty with paKs ofwThc?panl5fr￿] Ihdr own ari a￿>teach1￿ pl￿tICes. IrkAprll 2022. grcw mét forlwts days'ofwtyk and Mftedwln Blrongham. $uppfftd ty Ikon. one olw gr8nt88s. A sery)rxJ iteralion of the res¥Jerw iswamed for. JWusl""2ry with an ￿11 p)arti(?P8nts bU￿h1r￿j in May 2022 la x years, Frè81ands Fothdatlon the UCL Irwblule of EducD"Oh IIOEI. hgwombw￿ on an an1W￿ pro1￿tWO￿ln9 with the.students on the PGCE Art and Dew <LYSè. wN¢h ¢ulrThnal•s each ex11￿.0ft ond publi¢allon. the oxtinuad COVID.19 SbJdefts 5pènta 99nitkaDtpart dlhg y￿r lewnlr¥J una14e lo ￿ in) tl unrmsty and mrx wth their peers. Wlth ¢tsa(I hy IWJ Fel￿$, srJKd o¥perlerK88, tthh arn Lwalty such a contr81 gSPBCt of th8 PGCE. 4warg dlswpt8d. Stthlent aclvs hgdlo alapt arml kom toteach onllne t￿. lfttw•cts"rwJ thew Te￿ts and G(> Classroom, and wore. often feKed vlth a sea ol &¥bltchè&off cknra5 Dxrteo mbyoptitin￿. As the Lock¢Axi be9an kn ease in18le FOW 2021. 8lud9rrt to•ws w¥0 (rWa6snled as key ¥d 0xp￿ted kn g) bxk s¢hool$. we0r1￿ mosksan¢ toad)Ing pupl kn das]gTratad'bulA8s'. ctsi ￿￿6￿3e dep¥kn*nt. t951ad the￿ irrfJwKwty. ForlNs yearfs proipd the sbJd8nts w•re askedlo cYe8t¥ w(ffk thpt $Foke aboutt lat￿ they erv3)Unt￿ed aThJ al￿rt Ihe F¢¢wlar experience of teachlng Temtely. Tho Freolaryts FO￿daIl0￿ LIMWI 11

Truste•s' Report They a new rAthatknn. &JthlEno￿..Tea(I￿g Teadws to Teac Art In a PandenK."wlllL e>#Jres tWrresp¢Nwi to th1$ ￿nt￿x( Thè tutors ¥nt talkkng l the iTilP¥t (rf COVItY19 tyltl PGCE cuxse. A transuipt oftheir o)nvBrsats'ons. tc•JetherwTrth &￿Vr￿e$ (rfthe d¢nts' anj a numtw Lrf St￿ lexls. Some a funny, t4hÈrs are aryj MVIr￿ arKI spèak sb¢)utthB iniTpspècls spa( FoknvlrrfJ Ihg dCIAMEeL•r Latr Burg8SS attrw oryd of 2021. th¥ i tuiur8 loadw itainlw paTIM vllh PGCE This knffn expanded I￿a￿adY iri 202f. as emirac￿￿e suppotlive spaco ford15CUSSK>ns dw(rwJ an eThF4Jonalty thall8nyry fr fh• p￿less[0￿. A montNy orline wvgrB. rr￿1￿ EJrK1￿d in Decemb8r2020 saw a grlwing and gewaplically eTrJ4e with se55K￿$ explLw¥ the prir¢irAe t8a¢hry as.ic prathe. led by ArvtyAth (A£sctht• Profassor, UCLnOÈ) and Katè Ththra {Ho&J of Art. Lady MaTgwrt8th00l. aDJ an 0￿m￿U$ of uCL1￿￿). Decem"ber 2021. wa were aile to retsun lo in pwy)rb se$S￿rts. sl2itirg wltra'crif by artist Hardd Offeh in Ihe gdlery Sp￿. LooklTrJ IDrwwd, tho wcgtaNmo wll take a J51awmg our diw¥e aKJiDnra thmwJh sassionts. At.IhS.er￿ ol ￿ ye8r. w¥18wKh9d Wo WwkAt)wlrNiting wllgt ts8cheTr in the i￿4￿ktO on sp%s ol rnakiThJ tsach￿. and how Ihts8 hav• ch8no•d exhititsm w￿re Wewthk, in Jar￿Ary"?￿2O. SJbrr4ssions ran9gd from k5hy. aryy InsvJPts wkn11sl￿d ￿th&fifth issue of FOCUS in MardTr2022, ryth an 8xpan￿1 text ty ar￿ Ththraffifi￿g on 1hB forum arKi Ir¥ 8 soci814>8¢¢ lI￿rS th WandhsKJrf•-Kfe evènts In th& space attha FotWKl81kn... Itswre 8 moffleth In tpTre uNd¥ed, %ho •e endtessly sleaet￿_InsIa9r3M aco)rt. FolkMYwJ a shc¥t SHIFf I￿￿hed as art ongoing selies in ￿ember 2020. wtih the remllo sh•• dl¥r 5tqC8s frornth&i)roader edu¢a1ion D)ntext {as weu a$ ￿￿1￿1￿￿￿OrS t¢? discuss trir wactvs and a￿￿.0f reseerth. Fr09tsrth Fothjaticffi Llndlod 12

Trust￿. R•port Lkrfng 2021. dov•n ￿de05 proJured ￿ sh#r•J thrwh Instagr¥ry feoturlng artL8t H8roU OffÈh. painterorwj s￿L￿dary leacher NicL4a Hepworth, teacher and . ol Ir6lawam Chr15 Fr￿[¥$. artlst arml edu¢%tty Hary Meathey. atist6 arnl teclurws Natssh8 Kll arvj Jo POJksDfK tist and tèacher AJ8xarKknt Coster￿. ist attist and lecJrer knny Eden,.4rtleathgfs Ela drews and Drdnne Winni(aKXi. artist anrj a2deryMc Jy Lucwo nLThryschrx In A￿)￿t2021. ola ￿l￿rf￿[ irmled paSicontFtiU￿kn reg)mmend a book fty a SHIFT readir#J 1st vms shared LMlrE, V•ith co￿e.5.a¥adatsle."to ' .p￿IC"ln the Rea(ffro Rcrt) These filrrts regdarty over 200 vitr4ts on InslAgr8M, tho 188m Is looklng knto slrdtsgl8s to expand Iwr reach impactin 2022, rridudng a display OJ films In the gaI￿ry. FmlaThJs F￿￿¥j•10n hag <VMlltettt1,(180.(J)O toArts Counol EngkrJ's fv4n(Ing progwmtrj ￿h￿'Creat￿lty C(4aborativps'. D￿ning from 2021.24. A Ir5t Tr PToi& in OLober2021. grarled to olght bad s¢h¢o16. ￿ch of￿1Ch will work a further eKJht SLknlg in Iheir reglon. The plOtV￿lI uDlil 2024. 8lm tljat less(ns Irofft ￿'PIr￿￿1m8 wdllhenlje applted nve The ¥choOls￿ test ava￿ of I￿l￿dS Io effec0¥en￿ ofdlffornlit approach8s. Som 71ri1 fooJ5 on tcher5 to dpvek¥J skills o)nfidonro to integrate teachiTrJ kn cTrativty inlolheir leSsDns Twlyle Dthers willftxplorft how to de¥olop o wwumlhpt (xoatmty In 5dènce. (ethnolc4Jy and humaniues su48cts as as the ￿ts.￿￿] otherswill in the voys thal 1¥eati￿ oducatw)n ' h5 ratldm to rntye fiffjllry the ttsham Conrtskn Creaimty and Education. swghtto ffind ways.to rr ugatilrity a w part d ywig peo's lives in &dU￿tk)n and beyijnd. Frn¢ts Found8tknn Llrthd 13

Twst••s' R•port ArtLrf Foknr¥J ttw ofArt UICS unJue ￿su81 lilerw for sevenlp 11.w-okls (June 2019-Jarw 2￿1, Th8 SupgpywerofLc(Wng {SPoLlwa$ . a ￿lfOrts 5erAnd of tre prc¥ect {Awl 2021-Awil 2022, £97,962). paYn￿lS.trAa￿n￿ £97.962 wern m•Jvln 2021 Iwnryear payments 2019- £25.0501. Th4s slage grBnl enabk hrtUKty fufthor gvow" SPLi's laaming resource5 to swJc¥t ano￿t￿pAtr nm-wk115t prknary SchrA￿ teactrwsto deliver asppcts ofthe Key St•Je 2 Art"& D651gn awrICu￿Thl. Tr¥$ in1wv￿rt alm$ to redre¥s thè decline in arts wuhtn scfrmls acrD5S the UK. located kn Ihe London Borough of l ll1￿ Abtrdev￿ li Scdarnlthil parliats h thB yograrryn8. ￿￿d1ng.sEN an4r￿￿￿)5& Ilfe skdl equiwiwvj thwnlo ob5eNe. quest"k>n xld urthrstsnd the worfd around them. also encouwng ￿ thudasm for arL SPpL's oveThK1￿9 looJs' 11 be lo gmFvhwthNdr8n ¥Alh kr￿￿t￿ge.8￿1￿l1lC￿l thlrd(Ing S￿11$. Al Yacticl lavd. ft wll akn to delver m8ty aycts ol thè Key Sty 2 Art and D&8vJn sxtrrkxkn. 0$ ell a5 Wn1Rb￿"r￿.tOtt PHSE IPorsorBI. Sc¢lal and Health Educth)n) The teachers by Inwslngthèir "(onfidel￿ offers le￿￿￿rir9 I￿tyjgh the e¥pJorwti(th of6ywim8nlal Much of Ffe•lar•J InKlatT￿ art¢duc8kn kn. schools. hoe¥er ovw ￿ last 1180 y•ars lh8 knam have held corfversatigns ¥th ur￿￿￿1•S and Sd>￿1$ xrrtss cojntry. n tirtr to WJentrfy4￿nx￿effO(l1V9 to PDrt. anim8ts ar¥J to enTid) twuay arted￿￿tr￿n.. 8 y that saw a SO% cut to unl¥0" rw art d8Sign ixursg funrfing In the UK th8 advancad nw knrfiatlv8S toerth irwvative appThches.to tsacing a￿1 Thg knwJural FrB81ar#ts Painllrg FelkvAthp grtUnd￿WaY In 2021 Will ' Unfvwsty Bath Spa m￿SterjA￿lI￿IitaTh.UnlVernlty FÈlkn¥ were once• s of the landscpo of t8th￿l￿n, pmwding a flrst Info le￿Ingtr erywging artists. poskxtsw•Y> vilal slage n many alists. ￿•81S. 8nair#J to dèbplher wactha.4)le galning expertérlce 7ho FJBthrwJs F9￿dItIon Llmli8d 14

Tru$ttss' Rewt A FeBrAI￿V"p[0N1£￿S an erwYOrw￿nt n thich an artist.artl art sbAents.can bulld S￿￿tA0￿C rglaVcish¥J. As wettas offefif4J"sbJdents immediate rtsight into an earty car88r PracOc8, wc¥knThJ ongsNJe art shHteits a150 afftJ"rd.an erriergir¥Jarfis1 t Fr8e]aryJs F￿r#￿al￿￿ ho$ 8stsÈ4bhed the99 Felry￿hIPS. YE uravetsi￿fjGT0S&the U lh trme a.￿￿￿1￿" to teathiw painliw Tr Fekn•sh"ips will fvdg new, temati¥e QFwknlI les wltsts to cDTrtritr￿tets c￿￿￿rsationS around the t•&liry cfFAintiFU. The.[￿graff￿￿ is a p￿ts￿. p betw￿Freel￿ldS Foundalbn end ts uri¥ws KNktLVthBr to d8vglop the FwLvJramm8. wfthth8 FourKlallon P￿￿(fir￿jth￿. rundThJ ￿[raStr[￿tre and the universkneover5eery th& inthVi￿al fellO￿￿h1pS. •. well as recruibrYJ JKJ SUkV)Flry thp arttsts. FrA#￿al￿ glery in i￿ndon(l3 Janu3ry- 19 Fel￿￿ry 2tr22}, shthvca51ThJ thalrwcrk. Thts axhlblknn was 8c£ompwYed ty afijlty iDustratsd cotsw1￿ dud85 ical wnting ty Crealrrn D￿Or Henry Wd". an opp)Ilimty IOT Ill8￿ty ¢>itko1 urdeThbYy to el￿.￿d gtherne froth 2023. The 6eoxd ￿l11th ofthe Freela￿ P•nltrg"Prr• attraded 48 numina￿n5 Imm A jury chalr8d by HÈnryWArd. (x)rryi8ed Jennifer￿￿le (writsr and editor4t. rgè. frnza). Jo8 Hill {Dw8dor. Tthvner Eastmyjrnol. Matthew Krthnu (wtistl aThl Ralph RLwff {tJreth)" r. Hay￿rd GBlery). They ware stnxby inlereslng ljends th• w0￿$S￿bm￿l . olthe Ortings.war8 str￿l￿r In 8cal8th8rs Il¥)8eBubmKted.In tr wevws year. afespm to ts domestic spacests stithntsfound themsdves i J rrathj￿L Ic&(knbTr. TIE5e wt 5bxlents fLxubJ nv*spbcès lo paiAL both liteY• aDd n•icAkaty. aryj ways of ryAkir8 their T￿ljry sdeded ten wknrdrvJ ty allsts Sophle BaSke￿lle {LNe1p￿)I Hope Uniysity). Tt¥n (Unlversity ol Re8din91. Eleanc( 08ty {GokJsrnitts, dith)donX ￿ch￿d Dr828n IUnNWSrty ol Deity), Rebew Fostsr¢larke (NoThMch Un￿ersitY ￿the Arts). Mabele.Furfong (Wrth881grSchool ofm Unlv of Soulhampknl. F￿lthe 1ruc4￿ (Newcath UrNvM4ty). Ajjgwsto Lardy {Cty and Guikjs Of LDndon Art sc}K￿). M"oJfa McMarw5 {Gla￿S Robert Gordon unN￿lty) and Sunim {MhJO9sex Uriwrsity). 21November 2￿21 and a￿ded by fj51 vlsilor .The Freeknnds FU￿￿18tiOn Lwnited 15

Tru•es' Rèport ur¢rJ(nnifer HcxtrlW an Wto o ￿b￿h rA¢br￿re knn¥rs, and rm t)nour•dto btr on Ib8Aryforlh& Prtzo 2021. Aytora pxtyoriThJ the tsh.ng of pairtry. we Jaunched an orline forum to host talks for Stvjonts frcrfn mJlbpJ8 urwtsrslTes ai ts sanie th.￿. Bdween and 2021. slx rfr8rnnt"palr4 thot8ath wi SOrn CApauty atan.artschcnl, deliv8" red tr￿Cture ontheir. . ( an arna of paT￿laT kntth5t. Avdkbje frne to all onl￿. Ihe serles 8iTrns to harness thegrovhh rrf'zoom tethtre5' ¢knITVJ tho ￿￿le￿1¢to￿po1l1n8ie idoa$across different unfversiti%.aThl.organrAbLTh. and to aEale a r￿W pan4Jeographi(al nefyvorkof ' yOtsrvJ [￿&..Aga￿￿t a b￿￿L￿ Dfdx7vasing t sdw)ols, the..vafue of ryIBs.to wc¢k artists 8du(kns in ¢ffvent c¥)nlgxls outsld"e of r(Thal edwa1￿ BlnKkne 7KdS rThNe apwentfvn ever. From a boai on tho Midand5 fAnals. lo a Hackny5h)ppKvJreet, to a MarWB arThJgomgnl part, a g￿1 ¢A£279.140Th￿ hi 21M). thé paymart 01 £181.441 w89 2021. are wcrfk¢ng in dcffje paT￿T￿h￿ wlh H•n"ey Cowril wh cunmurnty groijps, fo ￿MPlern￿l I1 TrxxwJh'5 artwt¥sby arfi5ts Thomas J Pricg aThJ ve￿￿* RY￿ OBE. The Fro8landB Fo￿dalK￿L￿ited 16

TN¥tee6' Report ' This Fwbl¢ rrfogrnmmè Wn(knJ"sh Day, TL• 22 J￿E 2021, wlth the exhjbitkn Fjags AboutHome by 8rt1st Halna EdwwdB at Voyue Fabrics Oalston. A In￿J-edtkjn tea ¢nod by L￿￿9￿ba.￿d las1￿ deslgrw Mart(ne Rose." was sonl a5 a 9rfito m9mL￿ ofHatWs WSndnJsh Generation and d￿0ndarts to leLYate laynth. A Trbsite cdebrales ¥Yindrush CommuntyaDd featwo8 storl8¥. fdins and supp(¥tfrrth05e ￿9cd byl￿ wi1th￿. h scand￿. In So￿0mboT 2011. arbsl4d Fuiwe H•ney ￿Veled a free exhlblllonoflarg scakn photographK works. fowd on Carbbaan and Afrir4n ¢(ThnwnitS0s wlthin Rith8y derAthpo Ihw trT)plc81 fr￿S as sJrt<yts ol tct4 Caribtsan crynmtsnity. Installed NarTh Way in b•art of riv￿ aid ccvnrnnty hte.tho sculpbjre recogNse8 the hugfjly signifi¢8nl [￿tribut￿￿t Ihe VfN4dnKh" Generalfion have rnadè lo lile.in Hxkw. In au￿rnn 2C921. CRate LonElon cdlabtNated on a s¢ries of COmff￿￿￿efigagernent ksw with partnw5 in¢￿￿Ar￿A AIrtDwaph ABP Gthry en¢ l•jr￿ed an Eady Yea Resourr, tyeated tyward-tknkng aulhorlaurd HerwyQaain MBE.. Thomas J lauM iri 2022. to C￿nia￿a.￿rt￿wthBh Marnwi￿ Day. A three-ye8r grant 01 £493.958 arb￿￿Tk￿d th Novgmb"gr2020. ar1 ts fvst payimnl￿ £184.889 wa5 made ni 2021. TNS wt sUPp￿tr In￿4.8 Un]q￿ proJramme. centred around1he iwgtir8knD of Ihe Sbjart M Library, a uiy¢we ￿￿￿]10n of tA%ks..•1t#arKI wrafDrSal arthives of ofdNersty and thfference. In 2021. Irkn began an ryganlsaOwAI ￿¥laW and NOPFing exerci9e. To er￿Ure Its ' S[￿nth read) In the kng-tem. new r￿rtfflents wwe mad& ¥1 kn 2021 ond early 2022: 8aawrL Losts(Sttel Prncbc8 Cwatorl. Kaitl8M K£Yarts￿ IArthTr4flst & Engagemeni PrDkner). J8miwo Yong {Comff￿n￿8tkTh arKlknny stsrrl8usy￿s Devekpffrf Mayl. Rosearth Nettv(Mk-Arthiptrlwin ReVe￿e began in 2021 with six Researy Assoaales Ilm Tata. Aftall. TRAIN. bjx Rwts Roal Press and ￿￿1. FwndaIN￿) paFti¢tpabNJ over tQ9ThJago w1h wAr comnwjnilw. In 2021, tho Asscoales"pn)auceOtwo olthSTART papeTS aThl a new thKshing ptatlorm ts Inlv& Ff•d4r•Js FO￿d￿t￿ Lltnw .17

TYust••s' Reprt As partd1￿ IN1Vpr(r￿rnW. ayhlbfjthins hosted in iTr2021. Lauren CTr3's Her SIDfi•5 (Jth& 2021}vAs a thgtsi 0￿1￿6 th5F4ay ol. arch.ve mokn.el drawn Qyrtgmt¥yarypubl￿1ThJ. Me8ra Osbwrn&'s Makw Hlkn IAuty_ Oct 2021) iyouuht togeltrtwtrEs tkww3h <¥mr￿rIty thstrKJps a¢w Lorydw. 4knrrfJ It xhcd thslws Y•WE aThJ al nino olthe RSAacAdeml8s PBrticpathw Ih the"plL CASpropdiU be delive￿ in Mancll8Ster' p9Yi￿rt ofÉ83.26P.was Thda in 2021. Newkn EK¢horwJ¢ INAE)kn th7•v1￿ thg.leyaeyofeomnwnty aetlvlsrn wYNOth￿haMlU1aU￿lh8 nTh)vative'PowartoC.hange'pmgraMTr￿. workingwith yDurvJ p￿pIe. and acktlls lo Npprt ¢￿1Th1n￿ and ta￿nI developmenl. T￿.5 0￿MMe brfn9S Se￿ of aTh8d at the p￿￿1& of diences tl ts. E¢s ￿te￿￿1￿￿n31. p4rtupartthJ approath will offèr a vttal reswr¢e lor individwls lÈung ofgxw arKI aconorrtG dl¥thnlage In the In2921". the On￿￿0¥¢r7fj artists arnu YOLyw s 58d by a.ccllxkn of Fooplo agod 12-18 "wcrffv"ng twer a5 ¢¥eati￿ prckn to tssu¢s that malletto young ￿t)Ple ol Ihp (aty. In 2￿21. irta￿j8d 157 Fu)antstArthro with 15 8rtist& Q￿MInatiO9 In the 2022. vin)nmeTrt th&td81Ne￿ atctsl cla) wNkslKy. pa￿1 dls¢iwo'n$, fil￿ 8nd avénts 189 partlopants. Fwarttsts Wll￿d vAth Icthl tsJmmunbY8stO share theEr aThl exphjre.thrn oflarTh"ty Jwpon •id Ihe irrpacLof d051gn an dNhroni P4)ttkngham CRY C<*JncM. VKJi8tu arrfl Sdf Help UK" Many Oft￿ thrts wwé co4reatod IhvA BrrAi￿. and.rnts I￿k lip to In￿rr￿tional Women's Day. Thè Frè8land8 FouAdalon Lim￿￿ 18

'sI￿nCe Is Not An Wion. vrd5 by (￿N[1j￿Ify ￿ve￿i￿ffj, over 11 sessiw6 with 201 p•tWparts oxF&ed il to b8 acb'vely ant￿adst. The rasuftiThJ fikn was lawth8d In (XILthr3)21. a WaI￿"r￿ perfornbance acrosslhb As pgrtofaLvIWrcvrrn¥tyrfto C¥n Plah {19.24)ilh o.svAnt rrf£WA25.the paY￿t crf£2&).943 vM5 rnalB in W21. 0￿ Plan 18 agrtMm&LYellvJ kxvgr•hYne ofr4l¢tySouth LMthYGaWry ISLG)wlth tlsts and residents on WbcAJriTr) l¥JJsiDg eststes. va8tytransfc￿1NrB andentrrfGin4 the b&fv4eon fvgalwy * the.￿￿ c4)rrnwi¥ty. indudlng Art Bhick. a space ¥ y(yJng paople to make artl el￿￿nter ￿1 on Ihe Sceaux Gardens Estale." In W 2021. a new c(ninissknotsFvJ sw. RLwnws Room, Pla￿￿ for Futurn12021)vma rede5￿]n of.Art BkyJ( OMe￿[r#j frorn online c<Jl&borKfflS and.afro8 settings. C￿¥r SumTher 2021, Art BIL￿{ host8d Imagme and play.. cem14￿r a y￿kly. series of free y￿kshopS W by p4actiliow AMJI HaTrls In nojlabcqation wlth ' P4tiSt c￿ne C4xKxelt de5Yined a naw for Etp. fv8WrirvJ coYous8ls, dkntsng and cdour8d sufaces. Develop8d o¥+er several r￿￿th8 with ¥¢Tr¥te￿ Jdmy Culinar4 Ca(kn￿lI.5 ￿1￿c￿￿tiVe￿rnmLSSkn drdW5inspiratlon from 'the visiortwy ol ItoliBrfftazilian arthitsct" Ln3 80 8ardt and Lljtth archrtetttAldo van Èy¢k..The ￿￿rOW￿lwas urFrrikd in Wl 2Ql As part ola ￿antforthB ttrst ttyee 01 programme {201&.21, £169,é041. f￿rth aThJ la inslakn￿￿fr32.F28 wa5 paid to QW Sdyool East 112021. aEu8drW •¥J DesVW tmjrarrrn curtjined Fun¢lk)nal Skilts that offors a h￿j q￿￿ty palhwayfor peop￿ W 16 10 18 wlth arttsti¢ asp]r8lion$ towards'a 4yearfve.careèr arthhuhBr.edL¢atK)n. Tr.YAP KAks S￿11[ wkh w.g Peop￿ In Margate Thanet kn Ker¢￿•￿ explenc* d18att4aW and10rd1senfra￿hL￿efflert Th& Freda￿15 Foundakn LlrTIKed 19

Trts5teo&' Rpport. The o)fvt 01.14 begon.bn se￿ 2020. Some of the wprkshpps. dgllvèrod by faojlty lutors to thg Y(Kry Assidatss indude prfnt aThd texlil6s, day and akn5togw studerts WaGtkat skA153rh4a sens• ofachE¥em&ntthYo￿Jh creatlry cJ)h8rènt tcomes that I)￿ a rlrfe applkn1￿, includes ￿ follty•Jlng th6¢irA￿tS.' Er&li5h (Gonwulsory to del1￿￿ tho 8cmdllatitin): M$ (c￿1￿Y to fjellver wedrtationl. Sculpt4Jre wocessesl; Deslgn" (gr￿ph￿6 textk and fashron)., Fummur making" aTrd !adK> prLmbx￿. aThY Lli9ltal rnodia (dighal pmography atyj. vkkno.WKJ ¢•)dh￿). awaMe$6 of YAP in East Kent aJxJ a thlicd in develophg 1he progrnmmè. Ttey a vitsl ￿alOw• ￿1￿￿￿11h young pewo. . AtTruE￿ye￿9rnrt 01£294.123 wa884Ydrf&J in 21Y20, TAlh Ihe secied amkng throl dr¥vlng. whlla engwir¥J chibjren and tsrfgmA schoc4$, toxtsr¥, edu¢8tors arbj art&15. The afterfjca￿cl dLb ￿uSeS on fam11￿ vtho "Durry￿ the [￿r4mM#,8 year. w¥ects I￿8 ddryered by a￿Sts A81ima Akhlar, Rts Evan& Amy" Leung. Meua Os￿Ulr and &YJf Y&[￿saI￿a. I￿19 Dr￿l¥j "Rcorn Ioc8tes to * In BarJr¥￿ty. RPS worted in offslte.venues wrth artlsts Dasy NU￿llg and Betim Fury to 0)Thtin￿ the after$¢￿)1 thjb. Tho prts)ramm also . knthodwithin o prirry sclb>Y. wth artsts Sadegh Jahnwd prKI Lucie Ma¢GregJr g￿la&￿ating k¥" erntd (¥e&t1￿ arKJ ayrThental ptsctices in y.egr 2 disffi"t>uted to aff Lwjgn primary schoc4s as a fvm of edu¢alh)nal actsvi5￿,'¥¢eklng to invi9￿￿¢ drawtrv4 wactKs kn Kèy S* l 2 and tylng positlvg ctsngg lo trKJus¥nd$ the th. F￿￿Ond> F(xThlalMin Ltmltad 20

Tru8tws' R•port Fredwth FO￿¥Jat[On is gjPF5￿1Ing Ikon. BithXtWwnfjth è thr88-ypar grnnt of £304.78212020-23) to develop dternatr4e 8rt5 ￿￿G￿luM d￿N￿ed from a rBno1 tK>At as rt TrWles the Wèst Mijbnts. watw•ys. A secoThY payiMntoF£94,200 was ffladt In 2021. Ikry)Y<K¢h Fowamme (IYPI s5 Kt¥the9. 4t•ch ptr•rships art arKJ venues ￿ 8wrnw￿, Wowhanpton and CrNenty. Tho kyogramme will" HroKKKe parbiF lo arts laCd￿￿&nd dmrw8ntty￿Df￿￿K hdFHfJg themto devekp tthilcaj kn04edge grrfl kloas. hoci Justas Ictal art Sch￿ dthe nlnateénth and Iwentth ￿nturIeS t￿￿9￿ The Sh)w Boot Stsmrner SclKJl %r2"1 Pffjgrnrhme took Pkce trwoughoul July and August rJ nvrjved a number of thslKg5 with arisi lulor5 Yeadon, Batsy 8r• Monlca P8rnz Vega. 4￿lUdIng th9 Iwnch of Sk)w P￿t ￿ 22 Juty. th a DJ set ty Safftyah Khan, a fomer "membwotlYP ¥rfmr wh the samina ￿.t￿8 The Speclals. as well as )rkstrw at art s¢ho(As: c￿MunIty events. exh"bFbO￿.and Sessky￿ on or81 hi5torie¥. They dso organised public.events wilh Celeinikng Sa￿lU￿￿ forlkon'g ftyJrth MbJant Festival [1￿22 Auwsil WKI film Fck Fosthl lor th• Awt barlk hcliday weèkw￿l2￿20 Awt). h b￿￿ ￿ 2QI0, has offaredmgmbws (o mglnstreém edtKath anda . Freetar¥J5 FrxKKI￿0n".avnTd¥I1 a thrwgwyrdnt (2019-221 of £479,899 loTurn Tl FrKl#nd FouNlalkn 21

Tntw' Report Inlended a5 a fvm (>)mniissI￿ as well as an 8xPknillcm d￿aloped ar￿ curated In fJt)orath)n Ma￿ale wesldents and ¢)mrnunty uyoyps. thp pfanniry and <veknpmeAlwas ety262(1 to Cov>19 and th4fvrfothJh oy Tumar CAxrt8m￿r8ry stsff. c￿￿￿lerat￿5 atyJ intemèi di5a&ssion5. plon¥ revis￿.. lgadkng Brltlsh Mth LW h85 been apwjihted Os Project Dwec to ¥wyk over 2022 aTh12023 to delw a rff corryTds8lon #nd ujrats ¢rnatèd ty To th> t wlh a.gftyJp of.01￿t Errryi¥J ProthJceTr {youffj pg¢ple a3ed bets¥een 18ar¥A 25 a I￿ ofoprrf(th In thfywl area). who tantyblèd(Ils Tor In ueabve irKlus(rbes. 8$ ll.a5 exFErTrenc Of ie¢n(rted irt 2021 ar￿ hay• ar•ady stl•d th8k programm•. wllh rrAntorfng.AnO carntt reprnserthakn+¢srf(earthl. Drewnknnd Trusl Marqote C•mN)l. Arts Edueatlon ExtharyJe, Kertt c￿nty UK Ciéth" e Etsy 8nd ThaiL Fokeslorhe H￿h0 I￿r F¢ruir. $6ssion rals¢d que$tons suchas is Idling the nawMti¥e? r6 not remonta¢fy Therv w&9 8.tstrty￿ Inlwest amoNg5t thi$ gmup )rnmunths. The prohrt wlli ¢%)nttft￿ trt 2tr22 20rJ. 8nd wll see Leckey vthirs With the Ern￿￿J ¢xrni5STh wY)rk from artists. nwsKian4 dancers aThJ las.hlo L•wll atso a swJnffjc¥ntnEwfflmthat ¢avBon tho ff4)tgrg1 In CtraaftY•ids arttNe. This wll culminate n an ambitlrHJs. YrtmBTsive ethbition that rek2tes to The.Ffeelands FLxM)dation ￿Mite¢ 22

TnLwts•s' Report In 2021.lhe Fwrxlth ¥Rnt£2,041.884 (2020-£4.769.406) ￿ A18ts and.hrt Ckgantsalkns. In(Klkng £670.74012020. £3.495.385} and £570,99312Q20- 4T7.7371￿ d¥ert c£sts (ww)r￿S delv8r•d ty th8 FoLThJallonl Iswp.57 ljw corryritnwrt kn ar￿Ing.￿￿ amplfyry a bre9th 01ortkk w4cb¢es the UK ha8 . been frytified. as extrNbtiw"yents arml ¢omrrfsskn$ reS[n￿ In 2021. Mtsre.th￿ ¢vor th•thalen#NYJ cunent1opth¢¢e. we recogrlse Ib)w artlsltc F¥aGUCeempLv￿rS lThYfvldualg and conymmrflas to exwess Ihw icknaB and ax[n.￿(￿S. artl to (KInn￿with eath other the4¥1Yld. Ckjr wcwrnmes aim lo 4low ewyrTh. reg8.rdess of ba.(wnd or b)catA￿. the ￿pOr￿￿ty to fullll tsir i)kn)tlal to make art aThJ enjoy trealive lives. In partbjar. kn 2021 OWI£rfnTr￿ to the ￿￿￿tice$ Df Black and 8￿wn wfj51s, Ih)se ofAlfK•n. C8nTrJbeon arKJ A5ign deswit we ￿Ik￿lffe￿ th. lo dyarnp￿n mid sipptsrt rngon•l wts e(wstems ty Tho thwd cohcrt ofartistsi?¥d in JaNory 2021. as Ihe E￿orid u)hort entered Iho IW8n Goodè¥e tew worklry in Ihe nthv pern¥nt post of Free18nds ArtLst Progrnmmg Le in Janwy 21r21. She cwThes the partW5hip auoss the 0￿S dl¥erse Ic¢alons aThJ She also &7k86 on the ￿5￿￿nSibl1ty ol lesdirvj the Freelands Artist ProJrnmme te¥tk. manwg Freelants AttFSt Prouftmff Curatrffs ondt4wNk¥NJ dosdy wdh ts CreatfyE" D￿(( to ￿J1￿￿s￿atr91c dlrèction of the FO￿datIon'S I￿rk in S￿C￿[[r￿j arb5ts. cimg 2021. she als o¥￿• stthvard5hip of Cc4KrtTp, induogryJ prepwlryJ thelrllft81 exhl"bNlon &d wblkaiion laurth In 2022.

Trust¢￿ li•port eyhl)thtints Q￿k￿￿(l2 March- 31 May) Und8rtow117 thJné- 4 Julyl , esen￿l the work ofts fnt vSK¥I of lts. Q￿th¥brC￿?M t099ther scubfvre. Irrttng, tex( 1rtsf4jatiL￿ arwj rr#Mrty imagg4. ¥vth many1p￿rkS b8lTrJ ntrmy exhA)ltton. Undwkn, idtss of d￿z￿$h1p.. as %iWI as Ihe ￿￿1￿10￿h1$Iats1 tsto gfve shape to w¥J exolAe Il of twe. As part ol thi$ season. we . 1ounGhed the w.bkknn CAIJ Land New Watws. G<>m￿￿ng origlnal YlllrYJ on ea¢h of the theweMbirorf6 arKI ts 2019 tymP)s￿M Ih Sheffield. UK part￿lIatI)g in th8 Fre8 ￿11$1 Pwrwnme c4xgwd for e syry0s.￿M iri Carrthff. to L¥hg us all ￿181 fiJttty¢s Can we imagine tytieirwJ presurt In (yjr LIWes' slmts or ty retyming to 8 dos•r o)nneckn ￿1h th8 lan￿. How tan local cornmunhies ￿lIrI1￿ to ￿ cange7 Talks wlsand ￿81￿ èxplth whal is YkneD orgrnts.ons ar#d the FreoLands Fixmthuon tsam. Mlddl6sW. was wwuded Nwnber 2021 sL%th £I00,C￿0 F￿elandS Award. to hosl a sob 8xNbilkffl by artlst JB¢y4uefine Poncejet. A surrfw ol ber 5fhyew pracb¢e. w8rnK5, Spjptr￿. wrrtlrwj. textilos aThJ•F4cls ofher .e•8cate wltake at1￿ gamery in 2024. H￿l>jMMIs$￿"Sd VA>Tk¥ engage Ihe MwNjr￿INJts9d1knTh cl r•gtcn wllch Indudg Ilngn prnd￿t￿n. rws and st891th. Thls fOIrM￿ an ¢Jw [31 S¢knYi￿ wcK¢s8. Wtvgby organl8Otbn5 were askecl lor.lhe )IrsltirrÉ to propue.an ethknition to ￿ch I1w￿re alrnady tr)mftltted In thelr tmlr st￿$1•d •l1sts cr9￿1¥a￿[YO •rYKwnced n Séptembei 2021- In athltim to MI￿ and Pt¥KeleL these T79: FcKal Poknt GalWwNh"Elsa Jarms. Hastiw5 Contetrpw4y A41h Cwagh Thunr¥J'. Leed¥ Gallery with Rose Engllsh: Sh8ffl8ld mu￿m$ 4lh Ch>¥dh•Y. To4Th Easlboume with Emma Stibbon. . FrggknJ& Seppk8￿¥saThm {Cr8atfve DI1*￿Y, In￿￿1. artlsl Fteelands Foundatlon Uwlled 24

Jacq￿1n• Don&thi8 (wknnw clth• knaugural FrgdaNls Award). Rob8rtL8ckTO ' (Dlr8ety. s￿kO Island. &istd) CoJttrw'J. Martkn (Dtr8clor. Yale center.for Bribsh Conne¢bwl). The vAnnw annoU￿d ata speclal dinnér kn P4Jv&nts2021. in the g.alery space. attoThJed by 80 Infi￿nI1￿ art$￿tar p￿feSS￿￿￿1S. ￿k￿Ing￿￿$eUrn d1￿ctorS and artists. ftwas co¥or&J in the trthje PIBSS. Fm18ndsAWa￿rnèaft￿8 tyeatdeal to m•. as 8 reWnrtA￿ ol.ry txreer. conunues lo urtonvenlK>nalpath. If8 srKb a t8ntallwngwosped. MIMA wm hgv8 Ihe thTh andmnoy to rykon an amL¥li?us svrnyslROW. and the rf¢hnes6 or.the amundAIAsbrough wal be a olnHryidea& My v8rtes hugetyln sc." ￿ the orye hendftyddK¥leptsts éwht In and on thq othar fftras Th8Jp ar8 fewgaAleTr8s in the tor VKxg8n. fv4tst tXr8(knof MIMA3: than 8V8r. Over 50yews Jac4wJ Ponchas deM￿Sl￿ted len8cltyond mtht to leamffyantrtmahing th8"t we 91 MIMA gEaty8dmlm. Wo fvKI r8cdvknJ thgatfwlkn III•y EY•s8rve, tha FrnOl￿SAWa￿ is gelvanwn9 forus .201.8 vthrnrverorrfa Ryan's a Sp&um" opened in May ot Splke l$1gnd Bri5td..arY 2020 w￿ner Ir￿ PolL8rrf$ catb￿ opgn¢d' Sn March 2022 at MK Gakry klmon Ktynes. In Nw"12021 t4)th aMst8 wore ffotrllnatedfor.tho ' TLwrw Pth l(llwe oxhlbttKns. knember 2ff21. we theFmlthJs Art Fund Aqui*ts)n: e new pgrtnersTrdp the Art Fund th81 fMJkJ on oflh8 Frn6lanits Award by irueBslffd pubik •x8SS to iryv4W Orttsts. A payTr%MwAI be made.to Art Fund in Free￿XIS FoUThy￿]On LMW 25

'T￿Ste& Report £50,OIX) by Freglarvss Fowtht•)n t0aCa]￿re work6 by Freelands Award. fgr grants to acquTh by awd-wining M￿mn artists. The Initiati￿ wil Supp￿ cont•mporary LYIIkthr￿ ￿1th8 UK to rrfxease FYrt>lic ac£ess ta y￿rk by wcfixn V•inrnr oltr first Freekn" rK15 Awwd. ID entsr Its Tate [x1￿￿on in 2022. Bar (Expanded k¢ th&nftw) (201n ¥Asfirst exhtlthd at FNltmarket Gal￿, EdlnburrJ on ofts arLWs Freolarth Aw•d axhfb1bc￿. Art Fund launthd kn NtrArt￿r2O2l an"Open" (all)r"ThM)se￿ andpubliG collvcbr>ns htweste(J in by either. cf ith. Free18nd9 Aw9r&b￿nnlng artlsl¥." 2017 wir￿. LE IT•th(>e%hWted at NottrKJham Ccffltemwyary) 2018 wirThr. Vwonka Rrdn exbitthed at $￿kO l￿d. Bristd) and sderted s￿¢$9￿1 tJganisallrA%. I￿lIng thwn to sthmit fvll acAWiS OFosats to be re¥wul at hrt Fun(fs Board mg8tkng h J￿Y 2022. The inaugw Fredarllts M FU￿.￿￿ulSrt1or￿￿I1 be"EyJblidy.aMm in so￿ber 2022. .A gecly￿ call tr aPFA￿a￿(fftS kn ￿ants to ac4uire wofvs by HarThh Ststhey (2019 winner, tmlh the H¢phtylh wak￿d} aThl Iryid Polord {2020 V+inner. with MK Galty. Ktynes) l&ke 2022. knsewenl plany to anth 8cquislllom.of vrtvks Po￿let (2W21 knir¥w:wlh Middl￿￿￿¥h? and fi . ￿rth& la&Yfve ￿s, Lbp Freelarhys Award has authenc•s and3 new nwrtanl ty Iheso hwbW¢£thYoclknns lh• UK for Isabeth IFwThJer arKI Ghw d FrnelarKls ￿TryalK￿l Fre&nds FoUTrI￿on Lilli￿1. 26

Trusto4s' Ryort A ¥ocond paymtrt of£77.S95 VAS rt)ad• in 2D21 as partsy Ihe'Foundalion'8 fNe- tyant (2021>25)of£765.703 kn SUFP>( li It$ 8rffjigty. th¢ cngUI￿ of t>Jndee conte￿￿￿ kn (DCAI Prfnt S￿J3. w ofth8 coto at DCA aThJ a cenlrnl Witttthlsgr8nL DCA Prnt SbJ¢o. E5 Part ofa no￿rk cl.S(x)ttlsh Pr￿￿￿410 faci1th9¥,.¢￿or￿￿ kn VDywJe rfjJ8n-access knllttes to 8rtistsat3118ts9e8 theK. pra(ce. to offertullkffl aod cffi8rarwJe of yinfixthng teChni4L￿$ for all Th• Prtnt in A&¥1 2ty217iu¥lnltod idty [￿￿re5.￿ ￿0¢¢Why wer8 AuwsL duo io thrvJ85 in regulatlons In St))ttond. 8etwegn W eThl t)wmb9r. th8 Print Sbjdkn w)mwJ 67 artists membors8c￿8s 632 sessior￿. In Sepknthr 2021". DCA launcwd a ne•4 wr•mw ul G•t Crea1￿ ¢bosses. targelSng of$kfils le￿ IrK4wMng ith rn w•vkyJs ex￿er￿n￿ in ￿￿making. DuriThJ these0J￿1￿1[ol202fj. the PrIn1&￿￿ Posted several #ofessth81 arliÈts used f8uIMes to i¥ewe Wolk for wtsning exhibitTh5 and proiert5. Aft￿n9 t1￿9•. erts Wh11t￿ has tjèen pr(Al￿￿a t¥s and olher wint Drks for UpCC￿ln9 Shows. xt"r•• the Sc¥)tl￿ + VenKe p8bilth 8t ￿ 2022 vèrlce" 8r"wn. and Glasgow. basel" artist Ratryèn Sorfj h05 teen prot8se5 arwj deN4'rvJ Id￿ for • laryfrgcale pMttxk fortw upcoTh¥TrJ &¥fybltion DCA. In aUt￿r￿&￿21. the Pnntstijdk) hostedthe STIART p￿0Ct. In path5h4) withT￿de He81iKare Tnt (TPIAT). Tt￿ part• 0rt5 dasE8$ 0)ntrbub to the 4itstion. lalth and wetlbuThJ (¢ %vlThJ knilh kJvJ.term hgarth condhlons. 10 partiipanls w(wke(I dorysldè DCA 3tsff. and TFIATstaff 01 t&xtsl% uaft A p￿￿t01 £32.5fpJ wras rrode in 2021 ts) hTCentre. th• ffinal Instaiment In th# fv￿year p•*wshw (tolal £242.015: 20174022). Th8 F￿ndS FoW￿0h L¥nit8d 27

Trystees. Report The thld irt)Yrt ofthè"Fr•alth LomaK FellowsNpw05 Lond(Thbwd artlst'Pho# cd1inpJaY￿ Ib.1987. Lorth. LK) a¢￿5 S￿￿pture. 7fideo. sound and perf(x1¥￿. Her lurKiw as calLs"em¢XKal detr1￿. they speak of offeethvjs, lh8 debiis 01v￿c& laThJw and deslrn vthlch are Inherent tr) ljry wxl swvibiry rylhn hostil8 en￿r{￿}m￿￿. H I￿nt Work has boen deallng with the [￿186% as suLlert gbAr¥J Ife aTrJ to ￿r￿m￿ frxms. ThrouJh het Mudb8lly Cera"rnk£ collrYJ8-J8ff￿ 8xpkxe$her rrf8t¢e and research in ceram Using both Thtsebthrn￿And hand-wlt lethnk4ues. DWWJ her r¢derKy. 8he VAII (y)nlrnLe her SW ￿¢¥aMie.￿lffl thI￿h oft erwment wlth lènd9mess' erotl(asm and thè Fpts'¢ rkn cl day. Colintrirn. Ceram￿￿91dVrW ai C4md8n Centra starts in &aober 2020 aThJ aj￿.1¥)eS 2021. ￿ 0xtend￿ run as a r•$uilof Iho lod((knn irryxl at%%sstbHty ofthè Cornr¥ts audk)". Herextr￿t￿tlDh A knlchl A S¢rhl I￿k 10 SgNemter-23 tknrnber 2021 Bt Cw¥Jen Art Centrè. The and fin81 Feiltr•tsh¥i reupRnt, Jesse DarfThJ stsrted Ihèir r8sidency in 2021. . Thdr Spar￿ insthllat¥)n. fikn. texi SLwThJ, ￿ performanc•.and ￿h￿reSSeS tslfjbllty. •190oblrty aod of ￿1vJS.40uety and 16chnologi8&. Th&y have" felknthip toexpkxefv N8torl83 of extr8(Kffl aTrJ exiiumalK)n. and to co￿reall10dIe5 01 fyJrwrrfkJ. Tls w¥aryI8m￿t has er4atrJed Darflng to re5earth and r¢lk¢lon tre c4Ythk7n gt bwrYJ ffflmn. Thuir8xhbili(Xb. ￿0$U￿. wlll b• cm dsplay A rnof£45ts) 8wanlwJ trj c￿ Pwk n"2W to realise.tt Crfsis Resklency tywwd in respkTh kn th&tXg)iy colA￿l9 ￿s1$. th• Crisis R•sknw PrKgrammè a to W eaty (weer visual artists bas•d in Sc<Jtland. In total, 11 artists Icth part In the resJeAcies Fffcyamme from DeceM￿r 2020 to e5tsbhsFwd wdctitionets, inctsthrvJ 84tstsAnthga HamNlon. P8hw. Pwkernmiimty wwm•"nt Frfogramme. PYOVMle5 afreB series ofwthstrK)ps' •KI events to¢on￿t withthe kKal njra o)mmunrty. Calllln Didt offgred . FOtmkiNJ t¥kSW in Cceh¥ rf2(r21, and RI￿ worked ¥qlh prtmary xhod sltyjents aNI ther.parehts t¢ •xpknrp awKI with w8avlng. Furthor ents w#h f￿rfn the Criss R95thcy Piwarrrn 8r• FknwJfor ou￿rnn 20ZI The Fr8JwKls FcAJThJation Limrled

Twsts•8' Report. D8vtsed in resrKJns¢ to the C(iMD.19 tils￿. the Cr&s R•sidorw Progrdrnme vJa8 de￿r￿d tsi SWF¢Xt visual Brtlgts based n SrxJUarKI, These ￿IdenC offered esgenlfjal ttme. 8p8￿ and fiA8rKal SUPKW)rt to ￿latts tfrE Pa￿"C1p8ting artists lo re¢onnect wlth thek waEl￿eS. . foojs ¢￿En¥ and rvw ¥￿11￿¢jt dtstracfjon and share Id￿ and weden¢es ith fft froh) a wide rangè of b&Wounds. In adthtion, the wtists wrthlbuted a frEB PJt41c Engag8nwt progrdnYn• A tsyment ￿£47.1￿ was mads in 202110 Gaswork5, a5 iiart iiftrlotsl grant of È216.300 to realso ts FredaTMls GasM>rts Pathek8hip {Re51dency ExhitstKYLS) dwirJ Ihe peood 2016-2Z. Lou Lou S￿n5￿￿1 was the.sixth.fd fml list to take wt in lh¢ Freews GAsw( .PartrWs￿p. Sainsbury M%ks rn fJni perforrnwKe. wrrtry textle5. 8ounO. She identTh%es ¥s'a trnvelerf. makng thnws IW Sjmwlte hlstortos of IlvkvJ bolryqs Into Myth0Frt￿ thewmcaFeS',.1nfwrE￿d bypuo6r 8.nd oo)hal xlfvism5."She often wo.rts colalxJrdtK)n arkl kng-t8rm pro)￿8 1mrxDvisaliL￿, r£4kntl study. matsia w4orthioN 8nd d0￿m8n￿.fiIfft wc¥x55e5. Pl8rrecrt wcffk "rf￿ a p)nsteAatron ol hoks. w•nptw. mirado. ffKL%hxllty. ImpDsslble"bKths. mysttc&M. Intsrskwcles tr￿tin. skt"rre, bodies th8t sèep 011( and rrd5 tst. ¥ca ow,. w￿k qw51￿$ how.wa cao beL¥)me Lwfjr listeners. on¢ h￿￿. . t>Ji8& (human ar¥J rTr2ro•wpbumanl tr￿bIe.h￿ artd geography. C¢ften and hcmr. Durng her resklry 5JUlY￿ 20 Setsnt¢r2021. bBg•n writsng a hrerplan8l8ry￿ti¢s ￿h8n$"Is8￿s￿￿. rnlat￿ and deswe questignlry.1￿thè verb of transiry"¢L¥ld tange the Way￿ s￿akeb￿￿￿gb'?l￿9$. Mowng acn1￿¥ SO￿911￿1￿0t tho ond ofthg rt. t1￿ bodyhasI￿ and" Her exNts1ti￿ Earth Iso tTom 7 ￿y- 18 Seplthr 2022 at GaswoTks. A se(yJThl Itwlltton ¢Athe ¥nl te WE5erted at Str•ot Gallory. Hull In Ihe se￿1 TOWKI"offftThdè as pwl ofan inmdatg lurvj to 8dthess raciol uawty kn ￿sUal •L Frodands F￿R04th￿'S Cliwewsty Group 84Yarded of£5(Jk ts a chaptsr ofthe Swabus aTtist devetuprnerrt prowamme. Every year. kn artists fffjm dNewse underre￿ted b￿kgr￿n. ds vjill unLfertake an programm8delThved.auw a nalionwkn ￿e￿¥t￿k 0f￿ght art Ixgar4sthro. The.FreekTrJs F4ymdati￿ Lithited 29

POWIIi LWLmO4 8pueJwd '£zoz ui ug(h) Joj IYJ v "uoz ui s¥pdo spobJdJowuoJ u Wk)wd oi sw X4 YJ uv 'Ule￿ w &Jlp]4xa '6wuo1ss￿JUjYj Jo odejsww w •lEP4SgJ .tth SU0￿￿C¢} U￿￿j01 puE s6wpuEwawnpJEdxa'5LxjpaJw gIV4FKI Jry) u! wpty8 pu"& yJ4s pg¢wM Iw awuwfxAKI 01￿ I ￿JOJ￿Ie1 uwsaJFw ju￿￿0u3Jo v'swp ug.wg 8SJ8AIP q SWOM hwu &JMJxo o ss•JJp oay A￿ua IPM ow.'sa>JtTr 40 PE8Alg YV VaqFaH 'SOU419g puB swngsThy p.Wg0 P￿p￿Jg 'ts18ts ? ￿J￿￿￿4 WJ8 'AJeipgJlV SPQO7'PPYWMuwdèH aL￿.￿ajJaus'•urn5n￿￿ 'AJ8lP9 •snoH W4IEd 'aJyusuw&Jwan8 .'9ANJW ptsp ucwFyJ suowiWw￿ h•au aynwjd SLWU.uth paJBFI $1gVE UAtfjJg ￿ 118.￿ sè•¥ IWM'awuw6oxl Oz￿zJeeA-gWw.4b PJEM4" X3 p wEJ&F I￿[JaqujO￿ON uipwmpsem a¥4.w syrf bJqu0pg￿1rfn (9ffjU￿ syy &JtsAM'4WJyJ'￿9Yw0qS Ou3 WP'w¥w.a) OJ UOJyWLgUOts e opewApwF 8unue6)Jde4 •Jr)¥u JO WL4HJxa"p4u U￿lsuBJ1 c4 WEJdJs•J L)￿ I￿ •￿Ej￿)￿l O111'SJgLIVEd JO WThyOSLD) e￿lpUBdxo up UNVM PgPPaqLU3 "sdnojs pas￿￿>￿￿u 141EilUW WOJJ se 8e'uo4e)typ ￿ ieuw ¥iou￿ ) spawsgè>J• iwpt LAW'spunwO¥Jeq wt¥ I￿lpr￿lI WO4 popnpxa AIi¥urM¥.pp4 ¥pwe J4yod(kngp aFJaP O s•msué diwoU￿] SM puv sAE* OunYao-JowrrJp￿￿ip•p e we sxw>B Jp.y8 Aq paJaM.pp. &J14￿Mpu Jaad pup iuaudoJaAap &￿￿91￿).fWuOWa￿ aFryXW. I1￿>

IL Arts & Cu￿r kni)¢t Fundvms ￿urthd by Nea In IAwd) 2020 lo enatle sustthNe, knffj.ter1￿ affL¥daNe ¢8ptsI fcYts4tsJ cul￿￿ ¢ryan15atTh)s eu05S the UK. A tow of£23m Is ￿￿10ble through the f￿￿_ Fr8elands Foundallcm has ￿MMittéd E3m to thts initiattvé. ts fwst capikl canolwh.eh is expathd ser￿d holfof2022. send+xdknw8 fAgaThsatiorffj aprAyfrx4fftanoryJ betsve.en £150kand£1m, ￿PaY￿b￿. •t affcrdth int8re5t rzte5 a perNid ol ￿ to tsn yearn. "The wnsortium brings g8lher pknrs fftdu¢lng Ms Cwicl England. Th8 NalKnal fytery Herrtaqo Fund. Bank O1knr￿. BVJ So(¥ety Cgpitsl: Esrte F&irbarn F￿r￿•t￿n and Nesta. In Aprfl 2Q1, t￿"l￿TS{ five su(xessfrJl r&bpientroYfij￿￿ng vffl8 ￿￿Ol￿a￿.. KurLw Arts". Sh8ffl8ld: Fuwrè Y¥d CIC. btrkenh￿ and lh8 Wlffal; East Londoh. Dancè and UC. Stratf(d,' FrThts of t.￿ Ptyg Fadory CJC. Gla$9￿. These investmgnts totsl £1.2m ￿. The Freebnds Found*￿￿ Llmlted 31

Trusts•S' R•port Rasaarch lff 2CQ1, FowKlation s￿£251299 ￿ Resewth In¢knJkng £1152f3 in Gyants and £64,696 in I￿￿ts ($99 p.581. P￿tIOn whhin broBder souèty. trwwgh <iethe sw In pa￿￿hOP ￿th Cn￿j￿ty, W￿ generate pragmalic re(¥Kn1￿3ts￿s to addrp85 PrOb￿n￿l and iwu8lils that ￿ Jnftsmi (Wf.tyn t￿tsrt amF￿r (thers to rrt8ke posidve thangp. 'R•pr•sgnlthn of F￿1￿le Artlsts kn 8rllaln"Dwthg 2020,. Dr Kats McMlllan.".2021 T1￿ 5rxth reF4)t.lrfo artlsts wdSla￿thed on 24 Pkwemb 2Q21, Dn the c￿a￿On oflhe aNK￿r￿￿￿t01 Fredarth Award Writtan by Dr Kato Mcmltsn, fv r8Frf)rt rty1Wn￿" dat•relatry tg ts Interse¢l￿n￿ of etmic pnd Curatorat lh• ￿t ¢dlecli¢m •d fourk4er ofTh• Worktng Class Art netswrk, expkved Ih¥"hvith wdgs that make th•¥t fin¥>8n8trab￿ ts those MryihrArt 8orial and Cul￿ caphal. Oskry what is k)st when th& stories and perspe¢b￿S oftho WO￿n9 .cla55 arp 91r￿nated frorn the vis￿1 arrtkn ol (xtr nakn? Dr Syfvo Thwri. Lecbjrer at Wolvertwnptryi Schcd ofhrt aiwt thè WdFK)Lts a1 edurtion in Btftain fall$ Blarjt and Br(yn Y)mw). hhjhlghtirvj hEw tr knitel￿. ofedLuYw Struth￿S fiJrn￿ is to m￿￿01￿& urgertproblems. Itls m8pr ￿e￿ch COnwntr￿1)n int0aL￿¥ ￿$Val 8rts kn Bla¢K AS1￿ 8rd elhntslly ¢tiverse s￿{￿nts iri UK A ftr pawY*nt d£61S25.wa6 m¥Al• in 2021 ofaxotai grant.'of . £267.7￿. T￿.FI•&I￿TrIs Limlted 32

Trust￿, Ryrt R￿nYme0¥ Tnrt. tr UK'S lea11rwJ￿e ewoltythirAt"tanK" defNor 8 tt0-year prDJramrn8that Iri>m earfy eThJag8mpntMth #rt in $(th￿S lo the rnokeup ofthe prolessk)nal sector. In 2017. thg DIE rEt¥J￿) Uwl UK sclKM)l$ lol whsm 31% . Wwa'rntr￿ Alth￿.) b) vi8uAI aEI"by whov•W¢ 94V• wh1￿. The prc4ertill be lamched in 2022, ryih a Call for ENidenrAinvrtirvarthbu1k)nsfrom Tho ￿al rsportvAI bè pubtlshad 2023..ftAbwl￿ a yeBr oy inthpth researeh 8nd cmftation. dthaThpg ex• why IDun9 people from non-whfte.tyackground9 are Tr)f 8ccessiwJ art ed￿tth arnj a¥riy lo carws kn th arts. A srAGialist kyoied tsarn #t RuNrymodaTnLst wll wcffk w#h tè￿. exam bo•tls and artists to.undor5tsTra thE represenialKJn of BIKk, Asian aNI ethrwclty Ive￿e artists in teachro. The th will locus levas TII as oulsKie selliry. tmpcqlanlTy address 1h8 L8suo; * Runnymde wil 4btk In wlh pol'cy makers..fuWs edu¢xtcffs ac¥oSs the UK to embpd t19e ￿ the 8ec. The initiafvèalms toGitatyseWfffi 5trLKtr tharlge in a sec1orth"e￿.￿Es￿le the S￿cesS of Indwual 8rYslS suth 8s Boyts. Lul>tho Hknkl. st.evè McQueen arsd Chrs oral. onty 2.PA Of￿ ￿rkI(￿Ge are frDm a BW, Aslan ty ethni￿.￿￿￿5￿ RM•archlng th• Arts In Prfmry SGho¢)l• (WS) Proje¢( Dt Pat Thomsakn l Unfv•rslty of NtitiiThJharn. 2021.23 . A thwygar reseafth cry￿r￿sS￿ by tho Uthersty of M3thrvJham u￿r￿8 diwtp)n of Prol8s$or Pet Thwsoh oxamlr tha1egcNro Ofcreall￿ In prithary schtsok. A first payrnant E£53,288 rn in 2021.. The grnnt wwarted lotsls £346.373.89. Th# Nopts C￿Tent wovtsv)n OfartSwtr4￿ at prkwry knl, I￿1r43 In PwknerSh￿ wllh 40 lo discuss artslethry ilh pup￿, lèactr￿s #nd parèntslr3rérs. In Iheteam w￿1 wNkwfth uyts81 tead￿r￿aInIng courses, tr81 8dlcat8d blcrfJ. Noiungham. and Conven¢r ofthttCentr84or R•searcb In Arts. Creatwtyand Literacy. Sh2 Is for wrnit¥thlh q1￿1￿ (rf i¥ealp4e and ￿￿llY1￿$t ,18ar￿ry arxl cwoe. The P￿e￿￿J$ Fwid8t￿ Llnvtwj 33

Trust•es'. Report At Ihe stwt c42022. Fr8elands Fo￿￿8￿On looked lo th8 futtNe ￿￿￿ped wlth an exparKled ."tsfft rery)vated PTemlses. 5ignMc8ntfironcKql underpnnuy, And exwv8 TrlaUonsFA on8bl&J th& exp)twnOal lhe.xgbe and 8ml)rtth Of¢w•c¥i￿S towar¢l.our . ntral olarteLltxa1K￿ vrty(m. backWr¥J or localhjn. Havkng ixjdtthese 50bd fiyJrthkn¢iwr"fv lasl seven y￿. P41anaulro Dtrg¢tor. Ca5Sgff to)kthe deusKJn k> wr￿￿￿ ckn frcffitr￿ FKyJrNJation. T￿SleeS b0k￿l'tO embed th• strate¢ic 0ft￿fI￿ndaII￿ vAthIA the (¥XE of Its w￿. wlh a leadershlp driwL by crtab.￿ visron am inform8dby wactr(a wértse arte(kKatKJn. In 2022. t H￿ryw￿d wa&apwJrted DkectOT. with to (IB5ign and 0￿r5e8 a (yeatfve prLwamme woi8cts, partnorstMP6, 9raVs. e>hbMorts. w8nts, publlcation8 and t¢search" a(xoss the UK Hgrry haS￿aYed a ro￿ In1￿ sUC￿S rflhe FthJn(kntiw thè"JtstSVgn Jwrsa5 bolh Ctoth Dir8dorand prgvK)u5ty Head of Ed[￿¥￿￿..He ￿ $8vw dacades of expwknrtt 05 a teather. aiirt curator. art educ4tcY ￿ knder. iKlwlirvJ 8$ Fad cl EthjcalL￿ 8t"Stythkn" KCentr0 12014.15) ID av41ioty of rtl•s at WelkvJ S¢1￿￿(2(￿)02O1¥. In Ns Ilrst hs has thè tewn ffeting5 to emp)%w ser4ryrdleggues wItNn t&8m tO"fmlrityJteto thè Fo￿tiOn'S strakn as well ¥. 8nc>uf¥ng eros> Tho Spacg to Lkewn L￿cl￿d M 31 January 2022. Thi5 ir>tthoNpTS gFants of up tr> £95,0(f)" to erwt4e 818ck-W ¢Jyankafjtsns tho UK to Imaglnfj and ddlvar tK4ld and hryMCt(￿ ¥[￿ ats Ix•. irnovatfve rw 8￿cts￿e wil dstnlthe tho third ond f￿81 rouThl ofwts irj Fredands F￿H1•b￿.8 fund to address rac4al knequafity.ln vlsual 'rt bi ￿n8 2020. fBl¥a-W refws tt> ¢xyarMth?n$ by,with arKI.tr Black a￿1 Bro￿ peo tr￿￿ ot African. CarW and Asian horilage. Thls ¢t)ukl Indud& leadershp. "INsts8s. s6nk>r Mar￿￿￿n( (¥eat￿O6. projaei mark4ger5 or aitists leadwga wopoLJ In JaNary2022. ¥J OP￿ cal sma￿ aod msd"tum4kwJ org4nlsaflong . us frr trc1￿Me$thal •rrabl8 them to $¢de uptheir arnbitKJn8 "and the 9x•ter￿S 01 Black arwj artigis and waclltstsnws. of Afr5caTh. CO￿tsb¢an and Aylan her. Of f22 Exwessions.of Inte￿St. a shcrfuist c4 15 vwe invited webinars and rls to.wtht t1￿1 ￿0¢e$s. Vle aM￿nCe $￿eSsIU The Frnelailds F<xxvJolim Limited.

In the ￿T￿y, yw started wlh an ￿lIAlk￿ by the first ￿hort￿l8rtlSts partldpatmg on ts Fmgknd$ Palntlro Fokrwshlp. fAawl8113 Jan- 19.Fgb 2022) bThJghl together ofWIl Keryi(, Pa￿￿￿Je and J•s$ Powor, Idlo￿r￿￿ thgir year.b)ng ffjll0wship￿ at Bath scr￿ ofArt. Flm atKI M8dla. the un￿er3￿•f BrhJhtoft K+and￿ters￿)￿l ofArt Trspeclweiy. Th8 exhibithjn was acrnrnpani&a by a n puurabon Ihearttsts. PPearN4hik, Zx Bradley. Aex CAockerand Daniel Pettitt. sethnd ¢>￿rt.Of￿IfS[S (YJ thè wogrdmme, stanal tt Fellowshlps In J4rw 2022. In Feiwary2022. Vie0)ritaC￿ every litsrart ￿U(￿tiOri o¥gaTrxbcm in Ih8.UK nviling Ihem tD rL¥nmte a 1Enal yaar ￿￿errt fcythe 2022 Freeknds Paintlng Pli￿. 51 artists werg nofflinaled. fhojLYy ￿mPri￿￿j &wrnon B• {artistaDd Fre818nd$ FoundBtion ￿sor). Lou15e Gi)var￿lI1 Ipaintwl. Matt PrKe {4wikn. oyator and fwnder" gfAnomie Publishing). 'and HaLMla.Rastr¥d ICuratrof Mcth aThl Ccmtenyrary Bribth Art. Frfn¥illlam Museum •n¢ Kott1g'sYarf)vAI wnrer. to be anIK)￿￿ in P•fjay 2P22 * invrted ID ethb SubsetyW. Aggr (10 M¥-29 W>wpsentthJ Iha w•)rk oftt 21 arllsts (ano duos) o particpated IN IheFreelw¥J5 hthi5t FograMn￿ {201&21) Caythff. Bgifrf Edinburgh arkrfsheI￿. &Wure. s(K¥KI texblos pxinL ￿l￿eTr 7ty11. ffilm and installallon, .FouFKlykn'? London ￿ildin9. offerin9 anirrigm into new apsoad)ea to maklng andlhe r[￿t t￿t"tO[leS consKlered by wllsts ￿lay. Intwrnd ￿th arfyvorts that Invtte ofcrthwK￿ eythlMi￿ YxKYage$ 8 rnYarKation Ol￿rOWn p￿￿t￿$ c￿eMpOr¥Y otES arttl systems. A day ofperforinarfces on 21 may.{￿ anwnated" exf¥brtbn. Nwle: ltte kwrth 8￿) fjnol ¢0l)CAt ofwtth stwted theifffjm8.on the prograrnrn8 m January 2022, aThl Nollinam-based Jligt DevelopmpDt Curator In Wl 2021 wglauncTrwJ an In¥￿nIOr vXpr86w ofint8restforth8 role of ProgremTrErlLf a gelhgriry for 2023 thalreWxat8sth8 ￿￿tIce50P8L￿ and BrrN71 artlsts. Ihos• ofAfriw cartb￿n aTrJ Aswl ￿nIa]e. ￿￿￿kIng in th8" UKtcday. Iniw by. the ALon f>w. and Wing eyent bring tog￿artiSt Ov8rlJ Eastertrdi(by, 1he pwttlpants of si4nmw 2021 iiBk8 res￿r￿ CA)nÈregated In Bmlroham for days gall8ry ￿11$81￿1 refieclSJn on th8 progrdiiim8. ATr .(w cal tr arllst".￿rjerS k) in.the seC￿d ￿￿10n olihe PIDi￿1 launch.in èarly.May2022: wlth a reaKlentyl&knr¥J plw weèks rtom tha end dJu￿. fc110*￿ . by an oxhlbwon AX¥￿t.s6ptan￿￿ 2022. Inju￿ 2022. Rurnwje T￿￿1V￿} launth a Call for EV￿$￿, invitrTrJleathers, art The Foundaknpn Urriw 35

r ttw ￿n￿81￿1 Juty. 7thU VKrfk"ilh Ha¥ernlra Inl&nth¢ 5orf9s of shops 180 year9 stttd8rts ¥rfJ arttst Som Asffg wilhin th8 galery space. Wh18 the. maui pac8 ￿ (KtyPi8d wth th￿0 Kyksrw. a SMBI dispky wllNalli¥Th a s818clion of SHI￿ vNJ•)s. aCc￿Pan￿ by a (¥rntedseJ8cUon ofbcoks cm art &knation ￿ ttr Rgadl R¢y)m. Aspart ofeu orvJolng Drk to dlgitls8 OLY c•tskwe 05 5peL>V41ist arteducalion puilkati¢#)s. a tw ￿ne sewch bè laurthd Io Ohablg tho pU￿1C lo broge and . "In 8u1wm.we wll th811Mrd P8inbry Prot. pi oftr ypar, wa wl11 annouricè So￿nIh winrwrdthe FrEelants A￿drd. alo￿￿en￿re￿o8reh Into the Fwndatlcffi ta￿ for a y8aFfrom Sept 2022. Ir• 2022. Klan to w1jhokv￿nol in th& foTh of ao htefwr( COO afKI a PA I CLYdnafrv. Tlwg" rmit*)hS.wll d￿rrt the financbal. kn9Sstkal. Iwman'rascucss and

Ttutw' R•port Thè TntstW on th¥ lu￿re dIm￿lUn ofthe chwlty rlr472021. 8$ ts v18U81 ort arKI 8rtedLKaVon from thè CoTAd-19 pandemE ￿0111d Strangth￿ed ils work 11 dafiNw8d on tha ' scale cornmitrnents rnade in 2020. arml evow and e4wrnJed it5 (x)rè WLKk Thlh teacheTr. Art 8duc4th4ndatsts in lo rffjeds aThl" "lry all, rydless Lrf baLgrnmd ry lo¢alKJn. Faltywiigt￿d￿partW0 d knnthng Managing. . experti80 atlh8 (tre oftha LYw15allon. Dtred( Henry Ward ts supwrt8d by an 'èxwiienced and oXP8ThJing sen1￿1#d¥s￿"P tearn. tiriylroa tseadth of￿r￿pecti￿S to futyre pl￿ts. Fwther OF￿a￿al hres in 2022 wll buttress the fijnclionality ofthe ow15ation. and ensure effioent<lveryof trls strategK.vi5¥Jn. Rewilment fDr adthticK(al The Fujndalon Carefultykndsafdyrn)F￿j its offKe5 andgal. aTrwinkfetswn lo forthe le8m. This ha5 enatrAd greater behbEen iTrJivKIu815 depkn¢nts. Ihrcwh I￿rnal )d knfonnalrneyngs. as well as a d059r cwJn4ct6on to wysts aTrJ Trp.kur>oftho F￿￿JaIl0n s renmtwffj) Bl&ko¢k..alDrvJ pl￿ fora ￿￿$￿Sta1n0d •)￿xIA￿e.?fter a Fwlod clrapkl ￿h. ensurg Ihat ft ts finaii¢iolyw81 equipped Io ¢>)fftlwwe to ory(MJt its kn lo broaden acress lo art and at edwation ￿s1he UK. as wel as to respond *rythagiMy to any (￿rg dèmands thatn¥￿t.￿ri6e. The F￿ndS Lirnit￿j 37

Trustees. Rep(Yt corre for the periLKftolal8d £440.528l2￿-£869.&s2j. The Fowd8ticffj's invegtment portfdio th￿l¥j the ys•r gerer•ld inwne cI£119.ooe {2020-£543.31SI. Indudln9 divider￿ of £104,004 (see nots2- p.58). In •Wrfit>n. £321,520 {2020-£326,3fj61 of seTriees and fadllttes wero dofOted (Ste ncts 1- p.581. FoltrAirvJ the wb¥tsntial donollon EXpthY￿re in the totsloJ£S.4Jse.003 {2020-£8.fy46225). included grants iolalltro £2.349J51 {2020- £3.￿.9141. Tota1 nrta55ets at 31 D￿nb¥2￿21 aTKwjn￿ to £68,"431.584 (2020-£70.965,109}. Foundation 28 oants tcrtaMknwJ£1349.8511(2020- 27 9rwts iotslllr £3.799,914). this Ind￿￿tr to UK ATlsCixwK4 ErwJland. CaThthnArt Centre. Creat8 London. Drawing Room. t￿nIeS C<Jnt8mpornry Arts. Ikon Gallery. Inlva. MK Gallery. New Art ExchaP￿, Open East. R￿rtyrt￿￿e Tn￿( South London G8llery.. Unlv6r8Jty ol Nottb)ylwm. In adduon. Foundation Ir￿& grants tty fouT partktwiw orgpjnisation kn lfvè Free￿Tr￿s ￿ Prc•3rwnrTE- Pwn Slwlts (PS4 Univatsty of Edinburgh (Talbot RI￿ Gdlèryl, 939 and Srtè G8Uery. t1￿ part￿.￿ng unIVe￿J￿S in the FrBelands The FO￿￿atIOn also PTDvthd £1.￿K) to each of tt w shrYlsted wtswarmsalions fortho As ofyew erKF2021, the F(k￿K18￿￿ b￿£ 8ssetstrAalh'tvJ £68.43q.585. of 30 April 2022. Ihe FouThJalion hohjs Hssets toWr¥ £59.516.161. Thts provkl& F(thlatlon ￿th See￿& fvlwe for supptytiry Il of the inler•Jed rorrtoble amns and obje¢tivesfor a of 12 fl d sw¢¥ thi& IWL . T1￿ Foundation &￿iDdIstrIbu1￿￿r￿ts ofwdryiry sce5 eath ￿. The Twstee5 will (x)nsh pnjieds forsupport from chartle5 bas&J In any geffjraphical area wlhln the LK. The F(￿rnIatiOD.8 fAJrmrt￿antrflHkIn9 offJartsatkJns to SUbr￿t Initlal )negpt Pat￿ts eortsideration o1devebpl￿fj fill pmkM)sal to Ixrt in frrArt of Ihe B08Td.Al grants appr￿1 by t#)th LK ar¥J US trustyas. The FouThJakn CUTrenlty dlstrbl￿leS fiThJs io chwil*Ae NgBni5thn3 rtherthan d1vick￿. These (xgaNsations are requited to serye the publlc ￿nefit and tt bs g of the Fwndath)n thal 8aGh ofih6se has ITh tts ovm polKy aThl policy. Th? Foundation Limitgd 58

Trusl••s' R•port The free TeseThEs of Foundatw 31 D￿nber2021 Twè£68.120,17512020- . £70.929.3591. Thè fLYYsar8 invesbj as dètaled in the InNesfnrt F¥Ylcy b¢kw. whi18 requi￿ent forl#Edty Is d￿t￿mir￿d by ￿ Tnth on a regular b3515 and to mininxtm rewves nE8dgJ to cweF 3 [￿rth& Jwnio9 costs Flu5 rAmmthd grants lor. th•.￿ at any timB. Invystsn•Tht pollGy The Fwrthtk>ri5 ttlvesb￿ fDr fvTxlffwJ aThJ antiyted wthdrdyals on"a (wrtinur#J b￿$. mtnimwNJ prin(apal ￿￿l￿alth￿S wth.the obieciv? ol at least m?wrtath)¥vJ Iht yak￿ ofassots, wh1• gryaUrwJ a suffic48rt w¥J retumlo fu￿￿ grant-rrty9￿.lvj. The F(yJw¥Jation to erw6"t￿-sl￿ t0wJanbat￿d need and $lrolegK fvndihg Tha FouTrJatsn adopts ¥ retwn strategy, wixl8 ￿Se[S arn dr¥ersified to mlnlm168 thg pact rl large &¥ses in knthwibjal Thie$th￿Trts. As ofhyl 202f. raconuy updatad pJlcy"&ILstr Ihe whd8FQrtfd￿) t¢ oth1￿ea tclal I￿rn of US CP.[ 4 5% ￿t(￿fee& over Volh.￿a three-year wicth, n orthr b) rets.in Ihe Va￿ dthe c(YPU5 thilo generating Su￿￿nt relLmS ID ¢overfv &lIwi￿S. Thi8 5% tsrget retsjrn also m8tclw tho IRS. reWferw for 8 VS Pir4t8te Foundakn 10 5% of"Its assèts anwatyon ch"arllabi•acfNIU8s.Wlile FrooLands FourNJgtkn tecrsrdses the imp)rtsrKg of" the PTE5ervalion Of￿1￿1. It al80 tothg that Y￿wvJ de9fges of inveslmerrt risk.are gen￿ty Tt•Ard#d wth ¢on¢ffjtant TelunB 04wth¥ long terrn. Th& Foundalion ha5 8 Rgsr*Msbie Invest￿ Polky. S￿¢$ thgt.from #n knv"estrMent PW5pth: Ihe Fcrtmdaiion's P￿lty ts t.o ge[￿ a risk.alju5ted retum that ￿11 suppc4t its athtles In tha con¥munlty. I￿9 temi, whFeerwrry.where possibbe. that The FrefJwKls F(￿rNIa1¥On L"imrf•d "19

Trustws, IY•port knve9ts ils ￿F￿sIblY￿ wslHinaW. This t8kry a￿Ount ofiha lalesl Ilable in5¥Jhts and dala to env￿nI￿￿￿. ￿Je1 8rA gDvomW (ESGI LSS1188. The FouTrJabon i rKé ￿li￿)t on from orlhe.p¥ivate Sect￿ aTrY Ig." thus liwlatsd agahtrhaiw lo ￿)￿Tr￿en1 Sp￿￿J1￿￿ov8Iè 8actorlnve8tm$ntln Iho arts. sèctor stu￿￿ noll¢¢ periJ oftlwtt meanlngthat the F¢xndation is protected The Tritstèts dligonc• tygwlsalions thal"submit E>rThto aFvDMr¥J arry fvndhig req￿Sts tci erbsurèlhat tw are well.managoJ. Sustslnatjle org81￿1y6. We rerx)gTh5e tstthe rxwr8rt cow￿19 gnvironmenl pos85 . 9rn8tW OPgralKYBI wdfirwrjpl risk trp9rtrierorggiusafK)n$. * so ha￿"Undertsken Incrnas8d olli98rts IhLs b&frye awardry grants. inckndry assessing Tecent financ41 rec4%ds, as wdl as pwtyjsly a(Lounts. to"reftertthg fast-¢hangitva $ttiJ4tlon. Ttjo Grnnts team rn91rt8ins orwrvJ o)nversal)ns with grnn.tees, lo ad(ess wnc8mS.8Dd En￿rnY tho swrrteclonand dthlren seNodbylty8 Fourthtion'$ •¢tNrfes Is pararrnunl at all t1￿5. Staff arKI ￿ur￿8•r5 must adlnT8 lo thg F￿ndatIon'S Salaguardlng Pdicy arml cthn dearancefrcth the Dischjwre atsj BriThJ Swyice IDBS} WTorlo fork!ng with the FfMHJatkn, in Ine wilh ￿q￿reWrt. F¢JundaiKfi. ItfvÈslnnt rsks tAI.bo marr•1 by tr IrN8Strrtht on baholfofthè Trustee& Th￿ erisufes the risks lakeTrwe aFVCPrnte. ac(•ptsbbg and cDth5￿￿nt wikn thè Fomdthn'$ fthlfng th• r]sks. Invesknorf Manaoer r8pNts on investment ri5klD the TTUStse6 at ast ￿rtthfy. Fre￿a￿ts Foll￿gaI￿¥t reed kn be.ryindfiA o(the overall Ihwidrty of I tfolb. A Suffili￿ pxtion olthe is In OTdtrto for the opethn9 need$ ag Sffting P￿ io cunply wih any other requirenrt th8t Ffvdand8 FcrtJThJallori rÉ191he w￿+)￿MY oftt In¥￿￿ent M8nager to nltor and iiiatwi thi[U￿ u)mMIbrn￿. Unfvrthj [un￿tments. rnust b8 kopt bèlow what tha b8 rèas(￿4bty..￿1éIo tr4w'th&"n•xt 12 moMtr"kn normal martet condltEon5. The Fourd9li￿ 0 malnians atvopriatsash reserves.at all tlrts: Ih addtth)n.. th'e tssh deposrt ￿19 i¥ ￿￿na9￿￿ carefrjuy and regiAartytt) e￿￿that dl knjdpl spend forerAtst, U5 an?$1￿ Iwl*r. is for. FLMWKlalwJ) to hold £I￿K in ¢Lwrnnt gcethnt to 8 d8y-IW cash lknv. Tr FnM)datKm'$ polry Is thatal cath bglon The Freeknds FouTrJation UmltgJ 40

8f#)ulfJ be de￿1Srte￿￿th wilh" o rnnirhwro of an A rntiiig. OT invesknj in a diversified rnoney rn8fketfv￿.. ri$k profile aThJ Iwd5 of tharWwlatMIty. The orggr4sation c#rt 8Fvopria Insurar￿ poJiL¥es Cts￿ng empknyer anti thin￿p￿ty liAllty. Dffe¢th' and Olfiws. &￿￿ty. cyb¥, harthrnre. trave( FeTml a￿Ident ￿[￿¢￿eS 1 asaA&t potLy fN ils gakry: The Fr•elands is a thal-waiktr."chanty that is Sub￿￿ to US lav ' reg8rding'wNate frnmda1lon￿Sswell as UK l•. To enyntttere 8ra no unirrtgntkml breaches in req[N￿rnents. c¢￿1d rewlt in fine& bss oftus or rewtstional Issues. th? FtmJda￿n worts ¢6ety ilh S￿lalISt UK a￿1 US bjal o)unsel. The o￿ar•SaIlor also wcrts wnh.an al)>￿￿￿4nd atMAt firm SFrtiali5tng.in ¢WrfsdiclJon enudes, to help To ertsure the a>ntinued strong govefforKE ofth2 F0unLtsli￿, the ￿ga￿S￿lI0￿,s Man￿l￿D 58 resFrt)nsb￿ for rnguLqr rap￿ty to all Tntsteos, with quart8rfy Trustses, Me￿Ing$ enswing that all d8c4s￿r￿M￿k￿s are.futy ￿ tD ￿8#d FourwJation'& acWtiO5. Thè Four#knTr also opwat8s aconllct d"wrt8rest ye0￿d wAtyagaln51 tt rlots all athltiès at>J grantee engag8ment Prlnclpal or key fvnthrvJ g<Kwcs Th"0 Fwr¥Jalbn'$ pwin¢Wlfun(lThJ SfArr* dwlro fv ww89 donakns from isabeth made 2015. The FouF¥JBtvn dw".rnl (wry Th￿.￿rbY furth5iry acINIig5. FrndaThts Fwndaotsn Llmtsd 41

Trust9￿. Report Thg.Trust•os currenty serviThJ the Found•kn are sat crtrton pagg.1. Afull ￿t of th• F(UKlaUon'$ W arrd praEant T￿￿ ￿n btsfour￿ bthw. Elisabelh (Ch)-.2015 to FKesent Kelth Ty￿1- 12 May 2020to pres•ir A&JtkJno1 (Y rep1x￿￿o￿T￿th68.fflaY be #ppcinted by Ihts FoLfftdation at.a g8nernl T￿Tn￿te@S ar8 dso the P￿t￿lati￿l'S ¢omp3ny14w Thr•¢ltys and hold p￿th￿lty fty p8rtamlng to the charity. Thls reffocts the treadth oflhe F4KndathJi'$wJK ond inthdgs rw appintments Ihal Adminlstr8tsr M8rf( in J￿Y tr21 Gr￿ts Mwger Bha￿ Kukadla-moran I S•pt Z021; Folbhyig the ¢JepathofJetrMei Wong. as?ppolnted" Managem8nt Acoxjntsnt n NobErnbEK 2021. Ar17￿ D¢v•kpTrxit CLwators Rosie Istarted Nthymber 2021). and Wngthan Srnth {tstad Marth 2022) vitl wfth. coh¢¥ts thrne •rrtl frw of artbts partkj.pat￿j 'on th8 L￿￿es1o1ned in 8 rAw Got￿ Cyffw. in Few 2022. garn￿7￿ leedbackon thg Freel"arth Mi# andthfjsing on its fijture dwe￿￿.. F￿r￿tIon. Op￿$ a"nurntr DfRgLlaT rapubry pr(esses tO￿￿[e thot etl parts tttTn Eanrd 01 allerKI in PeT¥￿- 8 wart*ly basls to 4lltywth8 Tha Fr4glaThJ9 F￿t￿lation Lifflit•d 42

Trust•￿, Ropwt Trustees to wbpw fv WC•3ress oflh8 crfganLsabon's WO9ramrnes and Its tundng; th859 rrthdngs ¥e fc¥mW th￿rnerrted. F(yJr IT￿1￿￿5 were held during 2021. Trustees are sdeLI forther kn(Mtkd9e and ewie" auoss d[fI8￿￿ spgclalisrri$ Telats"d to th8goywna￿0 ota fourh&il1c￿, in(iv&ng IW, finand¥l. Strateg￿ and ewwtiEe. Th6 F¢￿￿J9ti￿ is rx)mTrlll￿ to In¢tsth a of InfvNffl&J wrnp8ctives . Appoknted Tr￿￿&BrO bxwnd bmffftgs aL¥Jut Ihr respO￿lbIlt18s aThJ Ihs obledvas. opgrallcts, fwKliNJ aNJ 8thwements vf the c￿rty. All TruSt￿S eno)UTagthl to iaka up rO￿￿t tr￿hIng, sts•k out bri8lhg8 and ¥ttend Tru5tses are nbl p￿.. Freelants FfAJndabon's headtw¥￿. at 113 Re￿rts P•ft Road. London. NW18uR is wo¥ided to (xganisakn as agtlt in kind from Freelands FIG Ltd. From 22 JaNary 2￿1 addittc¥AI ollke SFWE al Unit 7 Utopia 7 Chai(x)tftoad. LcfftdDn. NWT BLH has Lwn prO￿ded 8$ a gfft li kiThJfrw Utopa A Limited. 80th Frv¢kn¢s FIG Ltdar￿ Utopia A 'Ltd ère Utt[matety.w￿ byth¥ EM Fwrnly Tnrt ￿￿h1￿) £1￿8th Murdoc'h an￿ Keiih Serices." incMrdkKJ serrior ￿1 ￿ffSi￿r￿￿t.1ll finar￿, ￿￿jnttr&. klvestrn"ents, strategy arnl (>JmmQrMcatk)n4.4¥•rè to Ih8.Fth#Klalon ty Fr881aThl8 Gr￿Jp U4 whlth Is u￿natefy owrnl ty Ekl 2019 Tn￿& Elwtdh Alunkx* 15 a brfKiary of EM 2019 TNsL Thè dwrifablo totryany: F(￿d91￿ um1￿. 1$ whW'(yArywJ bythe Fr8olands. FoufKlatNM I￿ a US lax-OXWPt Charilab￿ rwdsat•)n. and fouThJed to ￿ryOUt the worf( ofthat ew in the Freetarxls lnc.is theLdtimale parent cornp￿. The.FYeelwKl$ Foundathyj Lirrlkrf 49

Cassoff, MarMglrqCirnElor. To the FowKknTrAs ce5810 r8n98 ofexpert rema￿1n9 nlmw lrt hs de¢0s￿rnd￿r￿, the tywfsatwÈ th8ws the expertis¢ of an &141hSOry .. Eth ComrTth" I￿l¥ThaS terrr6 ofreIwe￿ confvrwg tsirrokn rosponsiblMes . and r#FkryrtiNJ sIAtLJro. vknlle th&AthIsLry Commlltee, as a who￿. rep￿ts1O the of strntsgy or$win¢ lo Frds FoLxKjatit￿ 81 axtwnal events or e¥erits ryyisod ty the aThl lo evduate thè Mxkof Fre6kn1&' Fo￿dation as a 'criltral frEnd'. In 2021. Robert L&ie IDifector. Spike wa￿1) aThJ Ralph R￿ff (Dlrè¢tor. . ay￿￿ Cal>ioined Jerhni"Lom3x and &rw)n BèrrJ8y Orn the Main Advisory pwspectivBs to ts"diaCu￿On. wthl&rntalttWWJ som&￿￿1"nulty ol vokes. Sonrt8 hjleyne 8n"d Harotd Offth 0 i0￿ed t Man Athi5cYy Corrynttt•¢, reFYes.enlng th¥ Div•rgty ACt￿n durirg Iho y8¥.' aswTH asthtiL¥wI te¥Kme at¥J eXchang8s. The wp Is dwlmd by oltwaj and athxalonallgadw and MaT of Jesu5 C(4￿. Cambridge. Sonila Ajleyr OBE. wlth git John Akc¥thh,.(yJliwalRrtreFrfBW Sade Banks K4eJanle Kaon thè Fourdlatii>) In ths g(w. kn"Seplwiw 2021. 1>gw4Ased ariistH8Tdw PondhBI joined Ihegrc4p. Following the I•￿￿ Oft1￿ EthJ"cabon StewlNJ (>owJ h 2020.$0in9 ol advlsor8 ongwJ&wth tsFuJndation's edu¢ion besFoke b￿5 acthrding to thdr. odj￿￿ in tho I￿¥tr￿ Lrflhe i¢wwnd• TntstwoieL a ses¢)n by Harold Tho Fr•thrJs FDurKl*bn Lknwl 44

Tn&t•￿' Report Th"&dffterent con1n"￿tiOnS olthese exwt adviN)rn d￿n9 an pèriod of expxnsrn ￿ trBn5AKffj overts Fast invaluable. In 2022. the Fow)Jatton wl%eèk10 wBvlew its AAfvwSlrurltTr. trwisidw torytwm ways of7M?￿n9 The selectioft Df 811 Ihe F￿r￿1th's fvdvl&ors hasbteri based ori the depth of their eypertoe arkl the qualty ofthwrstr8kgc ttwnkiry. In nstan￿. this relates spetsftahty lo Ihew th".V•lllin Ihe ￿ 8ectrx. In othors il relai0¥ to 98n8fal le•knhlp that the c￿ga[ws0{￿n benefilB from aox to felevant end now ir￿19h1.aDd to ' In addiiuy ts ttBttye. ￿ F￿•knon ernpWth8&￿ of1￿ fimis Farrw & Co and Ihe Law offi￿ of SL¢anno R•iynlo ugantsation in adhw4ng tu ts gover{w￿ v) tr¢ LN< and US. Th• (wi5atoR retains The Iwste¥s atso dire￿￿Of Irorn ofd•] for ts wrposes ofwnpany lawl e responsitle tr wepallng the TnJste8g.P•nual RepK¥t and th8 financial statemeDts In )rdaKe with appl￿ble law arKI Vryt￿ Ktn9kn knntlng Skndards lithttad Knglkni A¢¢uJnlry Pradtt) irtluthngFRS Tr FIr￿n¢￿e1 Eleportry Stsndwd.applKai n tht LIK Republir of Ir81arhY. CoTrwy lavfetwinsthe Inth5 fo ffinarKiBt ¥latsm•nts ￿￿￿t￿nIn¢la1 ￿r which QNe a arKJ faw vivAt crflhe state of affair¥ of thB th9ritable g)mpony land the group l énd ￿ thè tesoJrces arKI icatk)n of rèsouw. induthno thè Inco sle wthellw lffi Ar&wntirtra Stsndards ha¥2 been fo1by￿1G rAJbject tr• y mat8rfad0part￿ tXsd09ed aThJexWned In the finaftdat ststementsJ:.and ewe the slatprrkwts on ¢oncn" bask unless il ingpwornte lo weswne that the'thrilable ryyryjarywll ctjntiriue in busir•s. The trustees are r8SFffjn¥'t4e for kee&iry arxouitry fftcord& thal dEsclpse wth. reag)nth aE>)Jracy at any the finarrial Posldon ofthvJ tharitatrAe ¢ompany and •nabk- Ihem to W)5uTe that the fnancaal statements cjynrty the Conynyps Act2006. They are $0 ILY th&955 cwyany land the grow>l and The F￿ndaTIOn LiTh¥lpd 45

he￿ lorlakry reasonat4e steps fLY and de￿¢￿ Offral￿ ar#J other lffegularrties. In so far a5 the TnAlees aro awaw: is nts &dil infomwbon of the thari￿le auditcrf fis th• tNste8s taken al steps that thty f￿h1 to to'make themselves e of any reknnt lo e¥ablish that the aijditor 1$ aware of that inlomwb"on. The trustee5 we for" the maintenance and integrity ol Ihe ttJrrAYatè finartial infomiats.on induded cm the charilable companls websrte. Legislation in the United Kingdom veming the p￿rath"on WKI drAerrrinaI￿ offirwThl siaiements may differ from ' l¥gislat￿n in other NirisdKIicTh. This 0￿m18t￿)n is gwen and shoLdd be interweled Mi •cctylar￿ wlth tho kvomsons of SectK>n 418 ofthè Companies 20L￿. Apwofftl ty t￿ Tntstees arnl shjned on th￿r behall by.. Trustee: 22.01. ZOLL Tr FreeLqnds FouThJaiion Limited 46

Ind•wwknt Audlt¢e$ R•port Indgpendpnt audltoes r•pryttoll of Th•.Fro•knd$ FouDtLitlrm.Lknlt•d Opkn In w oplTKn the" Ik￿￿1 Statem￿ ofTr FJpBIar￿s FOUThJat￿ knmit¢d {Ihg'ch¥itabl• crynpani .Dkn. a tnJ8 arrflfar%ryewofthe stateof the ￿￿￿.,$ 9ff01￿ a$ at21 Oecwnbe 2021 aThJ of.ts irKtiThng reSOw￿0nd appll(ation ofresort. d￿￿1¥￿ its 8A0 expends1￿e. frxtl y¢arthen havebeen propetypfypargl in ao>xdan¢e with Urmted Kingthyn Ge￿Y "Acc¢pted PtyAunlir¥J PradK. Ind￿1￿ FIn￿￿al Reportsng Standar(1102 Tr FLnancial Rewrbro SI￿dard appltit49 i.the UK Rewb15c ol Irelar#J': and havo b8en prepared n ￿0)IdarThWdti the rwi¥ernentF of the Compar#es A¢t 't￿ balarte sheet Iha slat8tYwrt ofLE%h lkn pdr¥Spal p: arml rdafed rnites 1 to 17. The rgprwUTrJ framffi￿ that has b8on prepBratK)n yltatil laWarKI Untted Kmwlom Ac(xwJntlng Stsntsfj¥ irKludI￿ Finan(aal Reportiig Stsndd 102 'The F￿r￿￿1 Reporting Standard a￿l￿bI in thè UK ReF%tslic of (United B•sk foroplnlwi We Ca￿d[￿j wr audlt in ￿£rydan￿ ¥&ith Internat￿1 Stand"aryls on A￿dItIng (UK) (ISAS (UK)) and applicable ￿. Ckn r8sponsbllies und•rthos8 StaTrJards fvrther de5criW in tha.aLMIIoVs rÈS[L)￿&bslIti0s kn the aud￿ ofthe fifta￿ statements S￿on of our repcrft We e IMkFwthrrtofth8 charitab￿ wmpa.ny"iTrotxwdm whh the athical T￿Irem0Thts 'that rtknnt to oftt state￿ts UK, thcludlng tho Flnanclal Repc¥11ng c￿￿￿?1.9 {tt￿.FRC.S,I Ethl¢o1 Stand¥d. and we hava.ftdThl8d ourolher ethiral fggF¥MS￿{1￿8$ kn aco)rdarKe wilh these rwuir•m8nb. Wa boli8￿ that th8 audit ewdence w8 have obtsned is ￿jff￿￿nI ar#1 ap&¥DkYots o bos& lorowopknion. cOn￿u￿k￿￿ r•latlng to ¢¢r(¢orn In a￿11151¥ tha fwdBI sbterwty (xinthdeo Uwl the Tvtstees. usa ofthe Bas811 ￿ tha w(¥k.￿ha￿ p8rf(Ynwd ￿ habe not KlenlTfd any material uncertaiM88 re￿[￿￿ tt) c thaL indivkknlty4X cx)IteGiiYety. may signfficant do(bl The Freeknds FcJndal￿ Llmw 47

Ind•pand•nt Audftorfs Rwt the cPwritoble &￿ty10 Cthi￿e asa ofat least'.12 months from th9 finandat slalernertts are a￿tt￿lSe￿ )r Issue. Ow responsli xlkn.es•￿.tr¢ r¢sponsbliiesoflhe Tne5 with respqctto COn￿M .we de¥xibed in the ￿nt ofth15 The other v41orrnth (￿Mprisesthe irrfomthJ) DidtJgd 1n.tho 8nRual report, other than th• fi￿and￿ arAI (xw avthtofs rep)rt thweon. The TJfvs are r8srmslbYe lor Iho other jnfCffi￿ o)ntned wthin ihe wNJat'JEporL thw.opink)n Ctn the financsal Btster￿nts (hxs rnta)¥gr Ihe infcmabw eyptlo exlent otherwlso dlyslatsd in cuieport. Tr)t exw any forni ofasswance wncluskn1hgrg0n. (Jjr responsfolity isto r1 Ihe Infrmth •xl. ii.thh9 so. (xmsKrwhether.the other Infcrntion b mthaMy"IrxxYtslstrtth the firbanoal stat8rwts.ijr our. knowledge obts1￿￿ in the ttJL¥SQ olthe audiL cr other¥￿e ￿P￿rS to be materiglty ￿￿ted. If we fy Such matefral Ywnwstencies cr appBrent m8tsrid mtsstslements. we are required tr) deteT￿￿newhÈtherIhiS givps ri¥e fo a m8teri81 rrisstatement in thp finandal ststenients themsefvts. Ir. ba￿1 on the we have Ferlornwd. we Conc1￿Je Ihat therei$ a matèiial Wé have Tr)Ihlng to relxrt ITh If￿9 regwd. As In lh8 Trusl8e5' re¥xY&bms slatemenL the Tnjstees {who ate 8150 the tliTecys ollhe chtstAe c¥Jmpany for the purrKJse of companylgw) arfr reSF¢mlbb k)rts prop¥&b￿ oftha flnanoal stafom8nts and for b8lrysatlsfiedthattr￿Y é a trueAftd fair vw. for such interna control a5 1he Trustee5 detemiine 18 41e(SSary to Ih8mthn offmarKaal s18tenrdS that are fr¢e from f¥wlètsl h pwarfng Ihé flwidal statemerts. TNsteo5 org r98pcThlblo for assosslng'tho tharttatAo #llityto L))nthi￿aS a gDlng (¥Jncwn. discJ05ing. as applicble,. rnatter5 related lo gtyng Lx)rKTr and g)ing cor￿e￿ basi5 of8ccoun￿ng unless the TnA%le8s )tl to liquklat8 ckn•Ttat4e (4npany or tacease ryeralK)n5.or mli6tic t￿¢ lo g). on audltorfs trtlNSud8s (xw oplnkn. ReasonatrA8 asswar)cel6 ¥ l¥gh ievd ol a5suran¢e, bLbt assuwce but is not a guw4ne t1￿1 an awlil ￿ldUr1ed in ¥¢ts)rdan¢8 wth ISAS {UKI always detect a wAteiial misslatementWh￿ TtexBts. lth&statomènts can arfsg frrmn fr•Jd ar¥J ar• cMSider￿J￿aIerlal rf. thdually Dr intl aggregate. they rnaSOr￿bty te expected to infjuww Ibe e(￿YniC de¢iwns ofwers iaken on th basb.clttrwe fin*al state[￿nts. Afurttw d8SUlPt￿ d ow Ihg offv finandd statomthtsls located on FRG$ 7rt6tte at. . dwiptim frymg part of (w auditurfs fBwL The F￿elOr￿lS'FW￿1Yts￿ Umled 48

nd•ntAudltW,Rw￿rt . Extentlo whl¢h th• cOn6idéredEapAWe ot dEte￿ry irrv4tslarblle incI￿lIng fraud I[Tewr￿ll￿& M￿Ik¥a frMI, irtstsnrAs ofnMnwl1a￿tA￿th l¥è ar#1 retylatlons. We destr) ￿￿Ur¢S In Ine wSlh r4yA6ibMles. outlned above. to detect mater.ial mtss1aterT￿ in ￿st￿ of i￿￿ar￿S. Ir￿￿J¢r8 fra￿fj. Thp.exnt lo our Lytr4erfdeteclNJ wrty•#bes. fraud Is (kl818d boltrw. We ￿n¥Ide￿￿ ￿ rAtLTr of ￿ ¢h•llatrAg Industyand Its en￿r￿Mq￿L and wtewed the rjwllth cOmpw￿$ dcaJrrÉnt8Yon of Ihdr kx4lde$ 8ndproc8duro9 rel8tsngfo tra￿1 •tyJ ¢omplieJK taw9 8nd I￿￿￿OI10n$. Wo also etwuwed of :" rnanoge"menl"grrfl TrL abtyrt tlf8ir and assessft)8ni (rfl￿ ri>ks irregularilies. We oblahgd an utthrst•NbHg of wl arKI re￿￿3￿1 frnew)¥ t￿the cknitytle cornpa.ny oF￿￿te5 WL. arKI KlerfL"fied the key l&vs8nd regul8tio￿ Ih41: a direct effect M thedetermtnation of m8twial ar￿nts and dlscbswes kn thè fhèntsal staterTk8nts. These indudéd UK th￿tieS knt UK Cr)mpgni#s Actr. and dKt.not havè a offect on th¥ statèmnts but ComF4W￿ 4¥ith may bo hJrthm¢ntsl tts"￿ ¢harllth c£)mpanls abaty ts 0s)erale orto rnaterial penaty. These ff￿dthe Charity Corrffilgsknn ky aTha Ws {Charlty Commlsth) r￿tknn5. Intsntives that mayexist %%ithn the ￿ganisab"l￿ for fraud aud whwe fraud Might As 8 ￿Ult0f the above. we itsntifd the yre8te5t Wential ft¥fraud or nor 0)In￿￿ vAth IwsarKI regulBIMJns in the fthjwing wes, and OLf spe¢th¢ proc8JLYes' "we klentiffied a rfsk ¢Jo to hiKI r8lated10 ￿￿&>fact recryJrltW IlabllU•¥ Ywed ol Wo have a(klre5wI thi5 risk by 5eleGting a sarry)le ol ts r8LLwised in the ￿r aThJ rovi8wng ￿ grant agreements. Board miALrte rash payrnents and telaled information to undgrst8nd ary (yxOitions present and .85(¥rt￿n thev￿r•nCe aTrJ revI￿ry The FYoe4arklg FO￿¥jaIl￿ Urnknd 49

Ind&￿nd¢￿tA￿ff10fs R•p Op•nll has boen p￿Pared in In tL¢ Ight rflhe kno￿ge arKI ur#knt￿ry rAttfe charitable ￿￿panY and lts On￿rOr￿n0nI obtalrt¥d in Ihè ofth8 hav8 not Kkntified any ￿ate￿oI Ilatt•rJ onwhl¢h mW.￿.r¢qulrnfj to byex¢eptlon If. In tyjr opinton: 0¢LYyJr￿ry re¢xJrttslwve been kept. or trour wtht nc boen receNed Imi brarK￿5 rK)t".vlsKgd by us,. tsr the finawal.51atemewts a￿ In￿ree￿￿ wrfh the accounting re(¥y¥s. and.rdum hav8 not rgcaived ¥1 th) &ifcrmatknn and exp]anatlorts w• r8qulrn for our authl: or th¢ TrJJees entiyed 10 t advarrtage crf lj)e.smaU.£iMn￿￿S' exemptiDA Use "s report Is made wletyto fv ¢hwllaL4e (X%TWI￿3 mentsrn, osa t¢4ty, In"aCcLYda￿0 thchafv 3 ofPart 16 ofthe e￿a￿leS Pd 2006. Ckr quditwrykhas bggn undertaken 50 thal V•P mlghl state kn the chait•Ne members ttTh6 trta arti rt4ured". to state to tlwn in an authi¢rfs rewrt •NI fry no ot￿r purposè. Tc•th8 fv119Stexl8nt permitted bylaw. w8 d) ￿e￿￿bI. rty lo anyo￿ othertkn . frJrlhi5 reporL ¢y ttr tyrlons we have f(rmeLi For and on of DEloth LLP LoTrkn. Utthod lQngJwi D¢d' 21 SeptÈmb8r 20Y2 Th8 FrwlJTrds F￿ftdakn Ltmited" So

Tots1 and TotHI and unr•strfct•d unrest fund5 YeE4r•I￿0d Yew eiKJ8d 31 110￿b#r D￿mbar 2021 ' 2020 321.5Zb 826,366 119.006 543,316 869,682 InNE¥tsnerts Raising fiJThls Chgrttabk a¢fiwtyefr Total •JKp•ndlturE 1¥527 4.863.476 S.W003 915,302 5.730.923 6.646,225 (4,617.47n (5.776,543) Ilos%sVgans NètGainlLo86) on Inve￿m• FOrn1g￿ loss on c¥sh •qulvabrts 180Q012 . rt0601 14.324,7951 14.382,4071 N•t (loss￿ for th• y ￿.5￿.515) 114.483.745) R•con¢Uiatlon"of fvnds: FwJ balance brwJht ft¥w¥d•t 1 Janu ro,M5,109 85,448.854 IA31,S85 70.965..110 The￿ gam or kwes in tr perth4 cttwthan those ir£luded in tha slatemml Al ¢ho.C￿.c£￿￿￿s￿￿￿1s"￿￿rtt1 WiliwThJ cwation$ during the,aL¥)ve Fra8knd8 Llrnstpd .51

8alanc• Sh••t As at 31 Oecmber 2021 2021 2020 Not•$ "Flx•d assets TarwJitAe fixéd gssets 10 311.409 35.751 . 66,687,329 13,663.892 66.998.738 13.699.643 Oebttys Cash at bank and in h￿3 12 539 1.6S2,668 1.706,207 1.339 57,432,350 57.433.689 Uablllttes Creditorn: aryKunts f￿n9 (k . within onè ￿81 Nèt cwr•Tht ass•ts 13 {273,363) 116B,222) 1.432.844 57.265.467 Totsl ass•ts l•ss cuTh•nt 68.431.582 70.965.110 Th• furbds alth• C￿rIty. Capbtal and fvnds Called up share Ca￿al I￿orn• lunds unrestrict￿ funds Total charity lunds 14 68,431.$81 70.965.109 68.431.582 70.965.110 AFVfDved by the Trustees of The Freelands FOU￿jat￿ Lirnrted. Company Registration Number 09497277 IEWd arKI Wales) and s#3ned ￿ Iheir behalfby.. Trustee.. Approv9(1 (￿.. ZI.01.IALL ' The Free￿￿lS FourKJation Limited

sts•m•nt of Ca•h Flow• 31 De￿nts[ 3T21 31 31 D¢￿mber 2020 .2021 A {4AO1.134 . {6225.6og ¥Kl8nd5 and intefE frc¥n investme￿$ Proceed5from 5alps of fixed assetinslJwits 119.006 543.316 {40,934,0951 fLI.146.420 91.075,187 176.333 (461,(170) (8.254) (50.559.489) 60.681.482 Purchas8 oltsngib10 fix￿ a559¢s. Net cash (used SnYFKovklod by Irbvesltry •"¢llvlll•s harrfJe M) ¢88h •NI ¢ash •qufv•l•nts In the rwl (55.057.622) 54.W.813 Cash and.&wh •9ulval•nts at 1 J Change in cash and cash equIval￿)ts dwto rate ernerts 57,432,35ts 7,358,884. 1740601. (4.382.407.) Ca$h and cash •qyi¥nts at 31 Jjernber 1,851668 57,432.350 Tf.Frndands FourMlath)n Llmltod. $3

Stalèmentof Cash FIV•￿ 31 Decwthr2021 Notesto the statemenl ￿ rJBh fvr the wlod to 31 Owembgr 21J21. R•conclllatlDn of Mt thnd• to D•t Cagh Ilow fvom Ov￿ng aetlvltl•s 2021 7020 N•tmovwn6nt k) lund (as p•r Ihw¥I•t•M￿ of lInanc￿ 11533,525) 114.483.745. 1119,0061 165.411 (4806,D12) (543.31q>. 69.191 4,324.795 19.294 4.382fv07 1,341 Depwaiion on ibJeffxed 8sts Losse5 onirNe3trnents Intreas[d￿as0j In . ($2,204) 105.142 (4.498,134) .' (6,225,609 ljet C35h provlded by opwln9 Xtlvltiel 8 Analysls ol caBh r•6h •¢wl¥•lonts 2020 Cashat bank and li haThS. Cash by invesbnert nwiags. T9ts1 Cash •nd e•sh equtr¥al•nts 1J4,018 1,518,649 1.852.607 177.147 57.255.203 5T.432.350 Tre Freeland5 Ftyxdettm Linlied 54

Prfndpal A¢¢ouTh￿￿ Po&cle¥ 31 De¢emb¥ 2021 Basls of aecow￿nq unrrtaknty kn th•preparalr(m ofthe fI)at￿l slal•Y¥ts Wa lawl bRIN. Ba515 Ot pv¥par4tlon The flnand stst8mants havo beery Wep•￿ UFKler th8 hi9t￿lI￿lI￿)Gl cunvenliDn ttefflg" Tecognlsed at.cosl or tra￿aCtIon Va￿ unless o1hBTh￿ stsknj In the relevant a¢¢th4ntkng . pold•s bolcw ex tho not95 to these Ch9Jl￿S.. Slat8nxrt ¢¢Rec(￿ended Prxdc8 aP￿ie&￿e to cbanties preparlng thfyir ac¢OL￿ts in wlth thg Rep)rtingStsn¢wd 8pplh3tle In the Urilted "ngdom aA(J RepU￿1C of tr8laDd IFRS 1021 Ichorilies SORP FRS 1021 effectNe 1 January 3)19, Flnandal RerxJ￿9 Stsrmlard 1£￿1& ￿ the UK aTrJ RepuNiG of Ireland IFRS 1021 andthe C￿￿.nIeS Act2c￿. Ttte chwrty constitutes 8 publr ent¢1 a5definl ty FRS 102. ￿18 8 prfvatè Company 'lin(t8d by guarantee. United K￿￿d0M underthe Cornpanl•s Act 2006. d i8 Wtstetsd In EngLqNJ 8nd wa￿8. TheAddresg of Ihg rnglstèr•d is stvm Dn page l. Crlc•l a¢courtkng esthTr￿ ahd ar••5 bf ement No cr61fc81 esUrr¢t8sty easorjiw$3e"￿nt'fr0Vo r¥Xlty"ifr T￿￿eS or The T￿￿et# have 88s8ssed whEthEr"trE use ofthe gpirq asgjrnption ss 4)proprfat& ￿ rffèwlth3 these fw&"al stm8nts. The Tn￿eShaVe mode thls SèSsrn¢nt ￿ TeSFrt to g rJ8rKxl of onè year1￿ the d8¢ of.8pprrNd of th￿e aC(￿llnts. The TrL¢sle9$ oflb8 ¢1¥4rlty that t￿ ¥e no material urthrtaint&relatetl lo that may cg$ts¥JThfyntdrx￿t ￿ IhE ilty ofthe Chty to conllnue as a going oJtKm. Truses of.the ow1￿¢ trAt tts charfty wlll have sufficient rces.to rreet 115 1tabih.tss 85 tsy lall d￿. Tts slgnffiGarrt arEas ofludgeft*nt thal . Thè Frog1￿. $ Fcthdation Limlted 55

Prlnclpal A¢counllngPdlcl•¥ 31 DKérnber2tr21 Inctimg is r￿09n1￿1 ihthe Fe￿j In whKh ts charity has entillement to the ino)ine, trto orrwjunt ol be rglr4bty. arKI h ￿ ptobable tha't the ir￿¢ wll bg Dorthns aR Wh￿ the tharty Ilas ofbpth lh8 amount and 8ethment date". In ts e4Ent of th)￿l￿)nS pledpj but not receNed. the amount isot£1￿1 lor where.th8 We￿IptI5 consKlerwJ wtthtle. In the event thèta Lknati￿ Is subp¢t to condhicffls that r8wir8'a18¥d of wftxmonce before.th8 dwlty Is enti1￿j to the fvnd5. the. irtcorn is def8fred aNJ Th)t re(xwMI u"ntM •thtt trtose ¢ondll￿ are fully m¢[. or the fvmtrtsnt of tht)s8.L5)nditK￿ is vhKtywitt¥n the (¥mtrrd tsfthg Ltharty aNI rt 15 pr(ybAo that th088 cOn¢JrtkJ￿ wdl bfrfirftsj kn tho reFortry W￿Y"l. IrK3xne tsx reo)verable on (knafjons is recognised V+tsn I￿[￿arIty is eniiued to ￿ aTh￿rrt￿nd recept 15 Prtiotle. probabts thatthe ecxJnomK b8neffts wll lkn lo the thrity. FWDvhJ6d thoy can be rn8asured li8￿y. Th1$ the s•rvK is wovWth8 facltl85 ¥• used ty th•.¢harity. rh)nated 8èryres and fac4lit￿ ar8 reccgnised on ts bas15 olthe vthe of tho gift tolhe charity, thkh"Is1he ominl ts GkntyDJld have whl'rJ to.pay10 obtain facilitw￿[ measurwj by11fe thity, thb is rxxriwltywn noffrati.on of tho lrterè5t".paid payxblo by the ba￿(. ¢orThnKtMig Ihe dnty lo m8 a paymern to> INrd pwty. 11 Is proba￿8 thet a Iransferd Mlbe In sottm8nt and the orrwnt oflhg can be mgasural rdlaty. All experysthire ￿ a¢a>)untsd for on ￿ acuuals ba.sis. Exydmur? corriprlsas t￿ dlr8 offal￿ aNI SLP￿t C4>sts. Jl'ey8nsos. thchJdln9.SUPPOrt cyasts. are alkxatsd c appcfflkThl to th•4tknatrAe headiros. . ¢hArllkn pwp09es Ihg tThlslon clhs tharlable a¢￿111e& SL . costs ir¢ude chad grants. dred.wl sgrpyt ¢s Ir¥re5r￿ to th& c*arity's ailns'.Ohl art eth{xt￿n ￿ go¥erww W. The FreelaTrl$ Found&kn Lhnited 56

Prfnclpol A¢¢￿TrI1ng PoltriE•31 Dec￿1)e￿2021 Grants pa"yable are l￿d￿j in th8 sla"ter￿DE acNiti9swhen apprDved'and wlw" Ihg intended ieent has okwIg￿l￿8d tr"é lunds ( baonknknned Dfthe dedsion tl make the and has SaUsf￿d all [rfonn￿￿"￿I1tsOns. Grdnls approvRsJ txJÈnot pad .•t thé end of tho.fln8rth Gr8nts tho benefi¢wy not b88n Infwmed or has to befc¥e Ihe uyant is rdeased we Th)t accrued. for I￿1 are (ftsdowlAS rxxrfft1rr￿ts Inthe￿ tp the ￿nts.. All ￿)endth * slatsd 1rlknwofrethernb￿ VAT. Supp)rt"CLth reFYesent WlBndityTr. In wd•r to Wry QLrtth8 prirnory alposes cl ts ¢trwky11 Is necassary to si¢wt In thè Yomi of per90nnel 418vefopmert woeadwes. provisKm of offKe ¥ervwxs and equiprrentaThJ a •Ah eo818) ¢osts In vesp￿1 to rts177m￿lar￿ Jllh arKI good Support and govemarth c£6lsar8 aicthad between th8 Ihrgo Strateg￿ aKns oflhe charfty. The basls wlth 11(eso (axts 8re allLrat8d is Set in 3 I￿p.58). Fund a¢ouTrting unrestri￿ geneTrl rw•s•nt tlThe rrK)niesihl we"Tr£Jl ardl1yb￿lty ?pr4ic¥tic tty4Ywd$ paose"thrtfals htn trortsbte ob]tdlv•s. TrwFreelRnds Fwindatbjn Lknknd 57

Prfn¢lpg1 AcC￿ntIng Polkle•31 2021 Tangll>lè".lts•d 8s•ts 8Sgets than £l.rm exp'u(knJ (wfiA lit• ak¢4wJlThJ or >war grn Gaprfals• ¢we(yated the lrfe of ihe1è3 Comwrtwequlyrnr4b at c¥)gt•NI depreciated at ihe r of20% p amtm baged on ¢))st knfvlowrite off Ihe assets ONPT Ih"pir eslimated usefvl rA fmxial 1￿mentd ¥¢.initoty rettrfdnlsed at lJwlrriwdb)n valu aTha subs•w rCOa¥u￿ at th fw value as atthe. ba'lgrK¢ Reallse(I gains or losse5 on InvestrY￿ assels arn ralcLAthJ as the thff8[en￿ btheen dlsposal owyrtrJ ¢rffJ fdkn or tbelr purchase vakne If actyired $ubs8w8nt to th• ffl(st d¥y tsfl￿ IlnaDda yr. Urna1150d gajns knsse5 are Ca￿lathd" as the drffertr¢¢¢ botrRen ts fErvelu8 atthe ￿ erKJ carying valug pt that dat¥. Reafwd and uweised wwest￿n19￿B or k)sse5 arE C£¥Tkn8d in thp staterrnnt or "ISnar￿a aGLl¥Niès ￿ arwtr9￿Ied ordebiied in ts year thatthey arise. "Th• chthty c¥fy.pRsls in assets tlwtare rtyded.as.bas￿f}1a￿c4al intrum8nts' under of FRS 102. Debtors" Cash anttwh •wl¥al• d8le as a rewtt of• po8te•nC if s rrfott48lW a trdnsfer of 8fthDmiG bBngfrt will bo qUF8d kn satllgmart arKI"th8 ahwil ￿the.$e￿￿Ment.wj be e8tlm8ted reliatly. Credlols and prOvtsTh￿ we wecowls8d attP¥oount th• ctharty antidFqtss rt¥rfll pay to settle the debL They toth"8.W￿èntvau8 ofthe ￿$h payment wheTe The FRe4ands Fwhjation Lirrithj

Not•8 to th•F[nwlal"Stateffl￿ 31 Oe¢ener 2021 31 2021 Cknnated seTricesand fa¢lilios {nole 5) 3211,682 326.360 320,682 326.W I Inv•Btmwrf irfoom• 31 Decembèt DeCern￿r 2Q21 ' 2020 t"wdends receNed Interest rec81￿d 523.297 20,019 543.316 11.962 119,006 J Analysh ¢Jf•wnthrn on fund¥ 31 31 2021 2020 124.006 70.522 US pakl expws reknlirvJ to fuTrJ managrnt(se8 [￿.17- ..64) 874,988 194528 915.302 4 Charh•bl• actlvlU8s Dlr¥ct Grnnt Cosls Expendi￿r• belwl Support Ed￿tti1 Artr6ls 427.471. 570.933 J.W.898 fflO.Y4D 115.213 578.624 800,211 71,690 2,￿.993 2.Q41,884 25L599 Total 31 OeGernber 2f21 1.063.11XI I319￿51 1hS0.525 4863,476 The Fiethnds Fourtdation. Llmltsd 59

NotsÉ tr• th• Flnandal statem￿ 31 Decnknr 2021 Acflvlty Grant Support ' Costs Expondltu (sw b•kYw) EdLVtbn ' Artists 169.197 4Y7.738 41.333 274283 796.284 748.009 4.769,407 213.508 730,924 3.495.385 Totsl 31 December2020 3.799,914 1.241742 Grnnt •XPgndhurn Th8 chwNy aLthNis•d fcdkMiThJ p•bkn c￿￿9 ￿￿je4131 December 31 31 2020 The Artigt InfKxmation Arts Counril ￿vI￿e5 Crg81fv9 Scow Crna 1.s00.1)XI 500.0 I,000.oc 181,441 1848J9 83.925 61.925 31SlJO 40,328 . 67.0(XJ 32,5¢XI 93.035 28.619 47.ILKJ 25,0(X) . 16,0 102.353 DCA Uurxl 7&500 942lXI 32,728 9762 53288 llD SLG Spikè IslaTrY ArtswLld Arts Eft￿nd 120,057 25.iy 540m 93200 21375 7VOO 58.5( 79,5QO 58,5Q) Unfvetslty ofEdrtxigh (fali)t Rlco Gllw) SiteG g39 BathEpa Untrrt 11500 12,500 115110 101,000 . 12,SlXI 11Sc(J 12.5(KJ Unlversrty of K Gakny FrnaLarth FOUr￿alK)n Ltmitad 60

Not•s to th• Flnancloj Statem•nts 31 DecernbBr2021. sm￿1 wants-£1.LXO eath 352.009 3.799,914 In addibcffl to W8rts at3f 0￿M￿r 21r21. the TrLt5tees mgde""gai)t offgts £1,087:650 {2QW-£897.8321 A8 the pa)rwt ofthose grants subied to 5 suppo.rt co¥ts. SuppNt costs arn ¢cEts thal nscessary to delver an aclNity, 40 not ttwfiselve$ woducaor wnsltute the W ofthe charitabfe acovty. Th8 basis on wsts. we alkx2twJ lo th8 Strateg￿ aims of1ho ar8 Sho￿ tnthè table bekyw. Thosè Ad￿sOr eosls Ihat ** dffedty abIbutab￿tO$tratsY￿ awns are allocabl."as.wJc'h. Costs aktsted (Jn Ihè basfis tI1im8 we allctdbaged on the wowlKJri of slaff li￿￿ s￿1 on eath Strategic 8(m. Il other costs are olkJ(ated on ts b￿5 c{ey￿dI￿rri. Expend￿j￿ w d￿M￿ned as bth 31 31 D•c•mb•r December 21)21 2¢Y20 of £ Allrotk)n Stsff Donated.ser¥ts kn lo offjr aNI slaffojsts" 321.520 ID30 33.919 232 306.099 Tlm8 326,366 Expenditur4 25.078 . Tim? 45.078 Expenditure 2.838 Tim$ Tlme Dtrectly Iwran¢e T7avel aTrJ Su￿15tenCe Prfrtliry ￿)Sta9￿. 14000 185.411 55,000 .￿r￿nditUre Timè D8prEKlaiic4) Telepl IT Éy)nsumable6 16.075 37,24fi fiffte 14799 -PAJdrtc¢s TerMneratr￿ {nc*e 7)" 54.410 73,722 184.274 Expe￿￿1￿+ Expermlltwe rimel 74943 ,729 1A50.525 .1,242,751 £40.3161 The F￿￿TrY3 FoundatAx timiteil 61

N¢Jle6 to th• Finanelal Statem•nts 31 0•(vthr2021 6 Staff ¢osts 31 31 December December 2021 2020 889.563 689,330 99.75Z 78.93F. 49,725 36.556 4455 4,521 1..OW495 809,345 avorago numbBr d ￿[￿0￿ thJrlvJ Pknd 22 (2￿171. Tl rw1nborpfern￿￿￿X> ￿￿￿dE￿O.(￿￿ tsxabkn b•n•ffts b.ui 20 2020 lamber Number £70.0fy)- £80.00) . £80,¢)fy)- £￿,(m>) £gJ,OLKI- £I(KI.C £250.0(KJ-£260.QX) Go.(￿. £270,(KAI ear￿￿ £KI.(WJ) or duTty th¢ pthlariwnted ts £33.287 (2020- £21.vts). The day-trw m￿ager￿t￿l￿¢ Fwr#JatwJn ss dekyted ty tre Board ofTrustees to the Oiw8¢t(Y. Th8 trAat emWoym8nt fAXt (InclJthmg faxable ben8ffts. employetrs natk)nal insurrn arKI pens￿ cortri1yjlh￿) olfje key monagemgrt pwsonnel for Ihe y¥¥was.£313253 (2MI-£XJ1.159 7 N•t . This is stated aft¢rrtwr￿.' 31 31 F885 pa￿0 to th• ¢yrr•rrt*Mkn(kndwJing VAT) 2Q,000 . 37AOQ ' 37.409 36.322 185,41 I $9.191 Th• Frnthds Fowidalh)n Llmlw

Npte8 to fv Flmftclal Stat•rnenis 31 De(wts 2021 TaxalSM ' The Fredands F￿r￿jakn Liffthttks a and th• * not1inbt8 10 incomotsx Of ¢WPWkryn tax Lmlneome de￿d from Its ttiatit#bJ8 &tMli8s. as.rt fairs Ib Tanglblè fth4d •ssots Furn￿re "imprty4•mnts. #4uipmÈnl E4uipmètrt ￿1x{UrS Al l Jaruw 2021 66,072 19,976 461,070 419JM4 15.509 6,541 "Dlsposats "Al al0￿0mber 2021 411044 79281 19,976 527,142 At 1 JaALOry 2021 Ch8rye Elyninated on d 31 Decwthr 2tr21 29,861 14227 30.321 1,36Q 185A11 168.165 1.659 161165 44.088 1119 1.360 215.732 At 31 Oe¢eJrt>8¥2021 .2N879 At.31 D•¢•mb•r 20211 35,193 349.12 721 1161$ 311,408 35,751 11 Flxeda88&'SnveJtrNents zo 2020 Market.￿lue gt 1 Aditions at cost. Lxsposals Net gainsllloB5es) 13.663,892 78 154.402 91.075,187 (40,9340951 (60,146.420) iwoa2 14.344.090) 76,332 e6.087.328 13,663,892 "Marftet vaue af 31 . Inwstmerts 616111996 13,663,892 76.332 66.687,328" 13.663,892 M4rket at 31 Dec￿￿er2cI￿1 All 11sted bnswtrr recowised slock exchange. Thé Frèe￿1￿￿ Fo￿d¥￿0n UM￿&1 63.

Notes to th• Financial St•twn•nts 31 De(thJer 2021 LIS￿￿ kNestrrnts haj in 08eamber 2tr21 compTI of hc4J"¥y5 in The Wott Disr CorrrAny 5hrn (Llsnèy Shares) th8 BLldtRo¢k ac￿￿￿ Managed dbscretionary ON 31 Dec8rthr 202f. th1yrt￿l￿Sell 87% porffrJ (£57.8TB,9575 and 13% Dlsfiey share {£8,W,3731 By ￿21 Decem￿ 2020. rAtybd 73.VA Dlyrwknre8 (È10.075.909) and 26.3% 8lar(rt Éndex (£3,588.0&3), t¥NiTr92(r20 >atr.th& F￿alk￿ ¢rteW Ailo an agfttI¥￿t conceEslonary toons Jf pto.the fralLE of £3m to ￿ c4asslhJa5 scria Invests￿". At tha baknce she8tdate. . PA?18 Lth09r th¢8wrfnt. 12 Doblo 2¢)20 53.542 53.542 1.339 . 18 Crndltofs: Amounts falllry du•.Tlthkn •)ne year X121 2020 146I37 4T￿77 51,6f)J Other CTedlt(45' Ta¥ ar1 >xd seLJJrity Grants paya. bt? 810 80.603 43.5L)O 168.222 74850 271364 14 Callpd up share Gapllal AIIW. ¢ell•d up aryd p 2021 15 Comp•nylfifoTmthn . Tr FI￿ndS Fwydatton ￿￿ted 64

trthtes to the Fknandal Ststwn¢nts 31 Decwtr 2021 . 16 Ultlrnate holdlng compaDy and contrd . Thetharrtable ¢>)mpany. The Freelaijts UmOtEd. is whojty" owned by Fre81 wort.oftlwt in ts UK: ÈradandsFcrtvthkn" IFIC is thaullimato parentlJrnpgny. •XbAlt88 tTha Fr881wvJs.F¢)urwJallon Lknrted atg cA)ntrdWby th'o Tn￿tee3 ofTh 17 Re￿•￿ prty Fre¢antl$ he•Jqu8rtUs at 113 R8gÈrts Park RO￿1. London. NWI 8UR Ig pmvided to thè rygaThtson 89 a gfft kn klr¥] from Frethts FIG Ltd. From.22 January .2021 addiilDrwl ¢Jffice at Uit7 Utopla Vlll•ye, 7 Chalcot Road, Lundon. NW1 ILH Iws beeD provld•d as a In kind from ihopia A Urnlt•d. Both Freelarnd$"FIG Lbj and Ut4¥a A ild exe ultlmatsly owned ty the EM FaThlty Trust, of whlch Elisabeth andcomnkxy¢ati￿ wern dorn4W lo Freelar￿$ Lld.which is ullimaw OWr￿ ky EM 2019 Ttu3L Ellsatth i$ 8 benefKiary of EM 2019 TrusL. Th8 operation5 ￿ Freeknds GrDup Lld seperate and dlslkndat all l(mes from th090 of Freel8ThJs Fojrnlalin with no irr¥M& On.t￿Charli￿5 orrnling pc51ir4ès. One ￿the TfUSteBS ofthe thwing the ￿Or al) a Dkecaor ol Fr8elars.FIGLtd Uvopi A Ltd aThSFrBelKl% Lld. 20 2Q20 Use of olfxx Stsff 225.5B8 95,094 320,682 150,576 175,784 326.3fj0 On8 Lff thfrTTh￿teeS ollh8 Foundal¥)n i5a"partngt atihe law flrm Farrer & CO. The F(MJndallon In￿rred e¥WKth Dt£124.837.12020- £t07,077} *ilh For￿ & Co th"Nng th8

)tss to th• Elr￿￿1•1 Stat•ments 31 De¢wthT 2021 Jring 11p￿, FreelaTh4s FMdatSDn Inc (the p•nt) red￿rg￿.tO The Frèrnls" FavKl8llon Lts1 alDtsI crf$132.404 i>r £93.9TI {2020 $1.225,000 or£967.594.43) for US pald ex￿Se$ reklkng to mw¢ment wtd UK chÈtsblè activty. Atl irN8$fM￿t ' assets 8rèh8bJ ty the Fowth's UK entjty" arKI Bll artIV￿ tske plate through the F￿ndal￿'S UK entity. The taxes due rm inve5trwth assets held by the Foundalion'$ UK enb.ty have IhwelDre been recharpd to ts IM onty. Prof8kstDnal sErw fe85 in¢urrwJ by thè USAntity retats toth2 ffiJrlheTrrt8 ofthe UK thartsble objects have lhereturo.teen Tthrged tothe'UK entity. Asriot8d aithe, F.reelaDds FOunda￿n Is g dual . qualthed th8rity. i5thwactsrfs•d fr￿￿ a US tax FaSP9¢t￿e. No . recharge$v￿ madeth tho ywr. This total amourrt is broken dc•m as £70.522 for tsx andlZJ.456 for fxoftisgtywl ger¥k• fo08. . Tl Free*rwJs Fournlalion Lir