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$ P*k Ro￿1
NW18UR
Telephone
020 359B 7081 .
Cryny ro91strntboTr nurnb•r
09497277 IEng18TrJ arnj Wales)
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JP Mtyi Bank Luxembwrg S
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BlxkRttkhwestmBnt IUKI Liff*t￿l
do BlackRo¢k (Luxembtswg) S.
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London, EC4V 4LA .
Tho Finlands FooThJgtion Llrted

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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 applJL*Je kn th& KlnoJrmaAd
Repubk of Ire￿TrI IFRS 1021.
The Fredants set up n 2015 by" Found8r and Cha*pw3on
Elisat)etb Pthwdoch to grK everyD1￿. reg￿dleSS of t*rwnd 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$4on for
England wdy41￿¢S t)n 13 2015. Froefar& F￿Th￿tion. topll*r wfth Its p￿t
undertAk¥u. which is a.us entityoflhe Sarnen￿e. is a'￿91. qUaL￿ed chww. Tho par￿1.
antty is 5Utioctto Uriled Sta* of Amer*a rpgardirvJ'pTiVgte foun￿￿¢￿$. 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
succ*s$i￿ lo¢kfh7•Ats into • thal*ryg ¢ontgmporary cmtex( wo cql8brated the energy
mowd by tha bY￿￿"Sts arKI pe•rs of Fr￿￿￿•110n'S only 8tspport
and gjstan. Imrt b advance arrylfy the olteachery, and art organisattins
ir¥J Ihl$ p9rkxY: and W18 *llh gfgat r*ld8 ftrAt I consbyer sorri of Ih8.athevements ouuinod
in rwl
ltr*t￿￿#￿￿.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 r*ntinuoLtslY"￿rkng to efK8ure tho naxt
gee￿at￿n of artists rewp5erts thè breath and ¥ar* society.
S"IrTh coJre•ty ww*s. 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
ther*ws-*xthe arts and w¥lersy1WI
P*alel bourwxl¥x. l initMts¥e4 owwcrtb r3ynmlstslLffi subst#nllal rewr¢h
to" art irb ¥th￿ss. to L￿der$￿Tra th• chall*ys ond
gppvbJrwts8th8t ItV¢ahead.
IrF March 2021. ¢elwJhted *).lau￿kn.a landmth" .pafyw8Np R￿￿￿rned0 Tritst
looktng at rdÉ* in art thatiop. with a Ws on Key St8g&% 3 and 4 . lh•
ittori beh￿n aTrJ lgssons. AS I vthte, their Cam for Ewdeftce ig
.opon to &uthnts. went4 and othets kn the Sec*￿ to sharg. their
experien￿ 8ThJ n8vJhts, aloiyle data gathw8d.by the team wll
'LX)ntrbuio ttyourwts uN1W51￿ng.lF* ofethr¥c n11￿1ty sfudBnts. and shape
MeaDwhl4 Dr Pal TtroMpS￿ hwcomryMssiDn Ur4¥8* ol Nolongham In
the t￿Ing ofthe.arts in provkthrs irN*able in*3ht Into thB fouThlations of
In tertiary•d￿ab￿ 2021 sawthe dec4S￿bY ts mnT￿lI0 cutr[w￿l19 t&wt and
design c•urses by half. Against thb5 d1$fr￿Thng (xntexL the Founéaticfft advancéd its
aetiwibes lo offer Me￿1￿ cwrtinili05 for thJs&tsaehlng sti•tyirvJ art In univ*sfvJ"es
to spth aNI str¥ngthen nv• tha5 and apyoxtss.
lethrers rn tha UK sharodlh8r oXWThtrths aFwoBche5 frj thediscapllne in th&18ce
Ii*ee pathrs 8mbgd<*d ¥lthln *t In B*h. 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 c*ntral 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 ii*re all thrw b lèarn cl Ryan'$ ftorThnaion for th6 2022 Ttsfnw Pr128 lor
that comnMs*m, 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 intr*the 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 •xp*d its apeTts¥ f￿h¢r to 81$0 irKlude'
IWJ g$peo8ty th? In of work for wWic coiieth"o"ns. W6
th6r•fore delp*ted to.anpwrKe ￿t the 81)wtsilion of [r￿ugUra1 Fre8l&nds Awartl
w1n￿r JaquohrY8 E*x)**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)tfltr*fir51 FJyl8nds*rt Fund A¢wlskn.wil be
m* kn Sopt8n*er 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 tC*3ethw a9awI in Cardlff last OL*ober to d￿COver rrK>re a￿ul
Arbsts the rity and i>jwderts to[￿￿ coM*ptof'rd(kal log8thernes5'. Wè have.
ntr4W *t](￿ad th8 fourth and finwl of the priy8mrn's knltsal phase 8r#J contiDue lo.
1x￿sid￿¥ t￿t bj sUr¢*AtemW￿r#j arti9ts lh8 CTh￿1ry.
the FO￿th￿L¥l 2nd b)k 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 bac*grDund 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¥￿ .
Str*l¢ 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 Tn*es ha%E du• I￿￿￿d Fxknlic berEfiI prwNJgd b.y the CharTty
c0mrnwl￿ when 50tiry the stratsgj and rfNEctK*n oflhe Fc4Jndation 8JMI in th*r 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*￿t*S,
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$8lon oThJ makkng havebeen rnore apparent
than ever. Ow.txpaNJty ofr•skl8ndos. ¥¥orksW. ra90urc85 ahd peé
n•hyort¥ lor offw spacw arnl slrtKturgs fty pb8rSwpo￿ In thgy. can
ccqne togellw lo o>ns¥#er hmf to loach a d￿lSe and original atEducation Gufficujum
raiNdy In adrfthn toM￿thng wtth" wtteacher5 dwedly..woalso
mlt relwlonthlps Wllwrtm•nts t*tthln thg localarea. Onabllng us to
A resklenw wtBt teactr￿ and edLKat¥5 ran frrxn2fi Julyto 6 August..
at Fr8elarth FotndaiC￿ w4ect space in Chak Farrn.. Lon(k)n. lfier an open call,
Cronln. Kathryn Devine. Dk*kwn. Uty HthrL knya Mustcq Paul
Royrnorxl: Keda R￿. MtiAel SaccD: W Skw and Fan Yèung.
ways ofthnkiry ab(yJt and rrnkrvJ wt. We in￿kd artist teactws toh)in us In
lori￿ pnYAsw8nd 8bcxJt m&kry. tse8tin9 the opp)rhJrltylo w6rk in.an
expansrv8way. unpM*tr¥J ￿cha￿j*upT$c￿￿5 atcAJt 8rt18tk Fra¢t*A.
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 ThY*estr￿4AYOd so3￿S (anled.thrc)iW Into WÈgk wikn.
Tifv.Fr8dar#ts Llmltod 10

Trnsl•u' Raport
Frc*n 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 bet*Een tr*e 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 Blro*ngham.
$uppfftd ty Ikon. one olw gr8nt88s.
A sery)rxJ iteralion of the res¥Jerw iswamed for. JWusl""2ry with an ￿11
p)arti(?P8nts bU￿h1r￿j in May 2022
la* *x years, Frè81ands Fothdatlon the UCL Irwblule of Educ*D"Oh IIOEI.
hgwombw￿ on an an1W￿ pro1￿tWO￿ln9 with the.students on the PGCE Art and
Dew <*LYSè. wN¢h ¢ulrThnal•s each ex11￿.0ft ond publi¢allon.
the oxtinuad COVID.19 SbJdefts 5pènta 99nitkaDtpart dlhg y￿r
lewnlr¥J una14e lo ￿ in*) tl* unrmsty and mrx wth their peers. Wlth
¢tsa(I hy IWJ Fel￿$, srJKd o¥perlerK88, t*th*h 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'bul*A8s'. 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￿ E*JrK1￿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 tr*ir 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 Kl*l arvj Jo POJksDfK *tist and tèacher
AJ8xarKknt Coster￿. *ist attist and lec*Jrer 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 Engkr*J's
fv4n(Ing progwmtrj ￿h￿'Creat￿lty C(4aborativps'. D￿ning from 2021.24. A Ir5t
Tr PToi&* in OL*ober2021. 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 t*cher5 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 '
h*5 ratldm to rntye fiffjllry
the t*tsham Conrtskn Creaimty and Education. swghtto ffind ways.to
rr* ugatilrity a w part d ywig peo*'s lives in &dU￿tk)n and beyijnd.
Fr*n¢ts Found8tknn Llrthd 13

Twst••s' R•port
ArtLrf
Foknr¥J ttw ofArt UICS un*Jue ￿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 parli*ats 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$. Al
Yactic*l lavd. ft wll akn to delver m8ty aycts ol thè Key Sty 2
Art and D&8vJn sxtrrkxkn. 0$ **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.
ho*e¥er ovw ￿ last 11*80 y•ars lh8 knam have held corfversatigns ¥th ur￿￿￿1•S
and Sd>￿1$ xrrtss cojntry. n tirt*r 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 tsac*ing 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 landsc*po of *t8th￿l￿n, pmwding a flrst
Info le￿Ingtr erywging artists. pos*kxtsw•Y> vilal slage n many
alists. ￿•81S. 8nai*r#J to dèb*plher wactha.*4)le galning expertérlce
7ho FJBthrwJs F9￿dItIon Llmli8d 14

Tru$ttss' Rewt
A FeBrAI￿V"p[0N1£￿S an erwYOrw￿nt n thich an artist.artl art sbAents.can bulld
S￿￿tA0￿C rglaVc*ish¥J. As wettas offefif4J"sbJdents immediate rtsight into an earty
car88r PracOc8, wc¥knThJ *ongsNJe art shHteits a150 afftJ"rd.an erriergir¥Jarfis1 t
Fr8e]aryJs F￿r#￿al￿￿ ho$ 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 universkne*over5eery th& inthVi￿al fellO￿￿h1pS. •.
well as recruibrYJ JKJ SUkV)Flry thp arttsts.
FrA#￿al￿ g*lery in i￿ndon(l3 Janu3ry- 19 Fel￿￿ry 2tr22}, shthvca51ThJ thalrwcrk.
Thts axhlblknn was 8c£ompwYed ty afijlty iDustratsd cotsw1￿ *dud85 i*cal
wnting ty Crealrrn D**￿Or Henry W*d". 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 stnx*by 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 H*c*xtrlW 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"palr**4 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)ppKvJ*reet, 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 w*h 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 ¢n*od 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 ￿9c*d 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. ar*1 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 Devekpff*rf Mayl.
Rosearth Nettv(Mk-Arthiptrlwin ReVe￿e began in 2021 with six Researy*
Assoaales Ilm Tata. Aft*all. TRAIN. bjx Rwts Roal Press and ￿￿1.
FwndaIN￿) paFti¢tpabNJ over tQ9ThJago w1h wA*r comnwjnilw. In 2021, tho
Asscoales"pn)auceOtwo olth*START 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
CTr*3'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 togelt*rtwtrEs tkww3h <¥mr￿rIty thstrKJps a¢w Lorydw.
4knrrfJ It* xhcd thslws Y•WE aThJ al nino olthe RSAacAdeml8s
PBrticpathw Ih the"plL* CASpropd*iU 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 Nppr*t ¢￿1Th1n￿ and ta￿nI developmenl. T￿.5
0￿MMe brfn9S Se￿ of aTh*8d 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* YOL*yw **s 58d by a.ccllxkn of Fooplo agod 12-18
"wcrffv"ng twer a5 ¢¥eati￿ prc*kn to tssu¢s that malletto young ￿t)Ple ol
Ihp (aty. In 2￿21. irta￿j8d 157 F*u)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 Jwp*on •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&LYe*llvJ kxvgr•hYne of*r4l¢tySouth LMthYGaWry ISLG)wlth
tlsts and residents on WbcAJriTr) l¥JJsiDg eststes. va8tytransfc￿1NrB andentr*rfGin4
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&bor*KfflS 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 C4xK*xelt de5Yined a naw for E*tp. 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¢￿•￿ exp*lenc* 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 r*lrfe 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, T*Alh Ihe sec<Mhl Instaknent of
£74,813 n 202J.
This ￿t enth tr* (*vdow￿tanddelIw alROCKPAPER SCISSORS (202C
23) 0￿•r￿j R(K¥n's ambitKws eth￿ath)n. Il￿ng and arVJagW￿t progrdmmo airr*d
at pnffl￿ Chih1￿ in LorthTr B¢m4h ￿￿)JJ#￿a
a tdb5Uc af*r4cPwl Fostal pKIeC￿ In-schcKJl ¢ollaborallons.
tè8c*ew5' assembts4 ￿￿1111Y siwjb $8&51c￿l tWKJay projects, ROCK.PAPER
SGISS(IPS (xeatsve rfsk. 8xperirrEnlationand thlt>ied *amkng throl
dr¥vlng. whlla engwir¥J chibjren and tsrfgmA* schoc4$,
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$¢￿)1 thjb. Tho prts)ramm also
. knthodwithin o prirr*y sclb>Y. wth artsts Sadegh *J*ahnwd prKI Lucie Ma¢GregJr
g￿la&￿ating k¥" erntd (¥e&t1￿ arKJ ayrThental ptsctices in y.egr 2
disffi"t>uted to aff Lwjgn primary schoc4s as a fvm of edu¢alh)nal actsvi5￿,'¥¢eklng to
invi9￿￿¢ drawtrv4 wactKs kn Kèy S* l 2 and tylng positlvg ctsngg lo trKJus¥nd$
the th.
F￿￿Ond> F(xThlalMin Ltmltad 20

Tru8tws' R•port
Fredwth FO￿¥Jat[On is gjPF5￿1Ing Ikon. BithXtWwn*fjth 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 F*owamme (IYPI s*5 Kt¥the9. 4t•ch p*tr•rships art
arKJ venues ￿ 8wrnw￿, Wowhanpton and CrNenty. Tho kyogramme will"
HroKKKe parbiF* lo arts laCd￿￿&nd dmrw8ntty￿Df￿￿K hdFHfJg themto
devekp tthilcaj kn0*4edge grrfl kloas.
hoci Justas Ictal art Sch￿ dthe nlnateénth and Iwentth ￿nturIeS t￿￿9￿
The Sh)w Boot Stsmrner SclK*Jl %r2"1 Pffjgrnrhme took Pkce trwoughoul July and August
r*J 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 w*h 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 F*ck 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

Tn*tw' Report
Inlended a5 a fvm (>)mniissI￿ as well as an 8xPknillcm d￿aloped ar￿ curated In
fJ*t)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 Err*ryi¥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 st*l•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 Thai*L 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
art*tNe. 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<areer ferr* ortsts ho9 re￿Ived the re￿gn￿￿7 It
¢Jesep4es; aNJ ¥￿ nxdtW ow p8thshl)sond lo ¥￿In and dèvdop tith art
Tho Fr*eEa" Arli51 Prc¥Jrnmrro ba w(YJamrrelhat ehèrppions
èrt)erglng trk•nt auoss thè UK Eath yaar. partI￿r irlstthtions-P￿..
BÈW, g39. Cardrff. si1e,GaD￿. SFth. and TalbDt RK% Galery. EdlntrMgh-
Y￿kome a cohort 0120 k)caty.b85ed artists cff kira tA4rpyear yrNJrgmrne lif
The É1.&n Initth $desgned t> 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 Cc4KrtT*p, 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 *l*ts. 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.bk*knn 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$1 Pwrwnme c4xgw*d for e syry0s.￿M iri
Carrthff.
to L¥hg us all ￿181 fiJttty¢s Can we imagine tytieirwJ presurt In (yjr
LIWes' slmts or ty retyming to 8 dos•r o)nneckn ￿1h th8 lan￿. How tan local
cornmunhies ￿lIrI1￿ to ￿ c*ange7 Talks wlsand ￿81￿ èxplth
whal is YkneD orgrnts.ons ar#d the FreoLands Fixmthuon tsam.
Mlddl6sW. was wwuded Nwnber 2021 sL%th £I00,C￿0
F￿elandS Award. to hosl a sob 8xNbilkffl by artlst JB¢y4uefine Poncejet. A surrfw ol
ber 5fhyew pracb¢e. w8rnK5, Spjptr￿. wrrtlrwj. textilos aThJ•F4cls ofher
.*e•8cate wltake at1￿ gamery in 2024. H￿l>jMMIs$￿"Sd
VA>Tk¥ engage Ihe MwNjr￿INJts9d1knTh cl r•gtcn wllch Indudg Ilngn
prnd￿t￿n. rws and st891*th.
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 t*mlr
st￿$1•d •l1sts cr9￿1¥a￿[YO •rYKwnced n Séptembei 2021- In
athltim to MI￿ and Pt¥KeleL these T*79: FcKal Poknt GalWwNh"Elsa Jarms.
Hastiw5 Contetrpw4y *A41h Cwagh Thunr¥J'. Leed¥ Gallery with Rose Engllsh:
Sh8ffl8ld mu￿m$ *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
amundAIA**sbrough wal be a olnHryidea& My v8rtes hugetyln
sc*." ￿ the orye hendftyddK¥leptsts éwht In and on thq othar
ff*tras Th8Jp ar8 fewgaAleTr8s in the
tor VKxg8n. fv4tst* tXr8(knof MIMA3*:
than 8V8r. Over 50yews Jac4wJ* Ponc*has 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$1gnd
Bri5td..ar*Y 2020 w￿ner Ir￿ PolL8rrf$ 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 aw*d-wining M￿m*n 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￿J*3. 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 2ty217*iu¥lnltod i*dty [￿￿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 launc*wd a ne•4 wr•mw ul G•t Crea1￿ ¢bosses. targelSng
of*$kfils le￿ IrK4wMng *ith rn w•vkyJs ex￿er￿n￿ in ￿￿making.
DuriThJ these0J￿1￿1[ol202fj. the PrIn1&￿￿ Posted several #ofessth81 arliÈts
used f8uIMes to i¥ewe Wolk for wtsning exhibitTh5 and proiert5. Aft￿n9 t1￿9•.
erts Wh11t￿ has tjèen pr(Al￿*￿a t*¥*s and olher wint *Drks for UpCC￿ln9 Shows.
xt"r•• the Sc¥)tl￿ + VenKe p8bilth 8t ￿ 2022 vèrlce" 8r"wn*. and Glasgow.
basel" artist Ratryèn Sorfj h05 teen prot*8se5 arwj deN*4'rvJ Id￿ for •
laryfrgcale pMt*txk fortw upcoTh¥TrJ &¥fybltion *DCA.
In aUt￿r￿&￿21. the Pnntstijdk) hostedthe STIART p￿0Ct. In path5h4) withT￿de
He81iKare Tn*t (TPIAT). Tt￿ part• 0rt5 dasE8$ 0)ntrbub to the
4itstion. l*alth 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)Y*rt ofthè"Fr•al*th 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¢XK*al 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$her rrf8t*¢e and research in ceram*
Using both Thtsebthrn￿And hand-wlt lethnk4ues. DWWJ her r¢*derKy. 8he VAII
(y)nlrnLe her SW ￿¢¥aMie.￿lffl thI￿h oft erwment wlth lènd9mess' erotl(asm
and thè F*pts'¢ rkn cl day. Colintrirn. Ceram￿￿91dVrW ai C4md8n Centra
starts in &aober 2020 aThJ aj￿.1¥)eS 2021. ￿ 0xtend￿ run as a r•$uilof Iho
lod((kn*n irryxl at%%sstbHty ofthè Cornr¥ts audk)". Herextr￿t￿tlDh A knlchl A
S¢r*hl 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. Tl*s 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•sk*nw PrKgrammè
a to W eaty (weer visual artists bas•d in Sc<Jtland. In
total, 11 artists Icth part In the res*JeAcies 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 C*ceh*¥ 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 Fr8*JwKls 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 fiA8rK*al 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 iiftr*lotsl grant of
È216.300 to realso ts FredaTMls GasM>rts Pathek8hip {Re51dency
ExhitstKYLS) dwir*J 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)h*al xlfvism5."She often wo.rts
colalxJrdtK)n arkl kng-t8rm pro)￿8 1mrxDvisaliL￿,
r£4kntl* study. matsia w4orthioN 8nd d0￿m8n￿.fiIfft wc¥x55e5. Pl8rrec*rt wcffk
"rf￿ a p)nsteAatron ol hoks. w•nptw. mirado*. ffKL%hxllty. ImpDsslble"bKths.
mysttc&M. Intsrskwcles tr￿tin. sk*t"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$"Is8￿s￿￿. rnlat￿ and deswe questignlry.1￿thè
verb of transiry"¢L¥ld t*ange the Way￿ s￿akeb￿*￿￿gb'?l￿9$. 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>J*t*Tr 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 ￿ 1*18.￿ 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 aF*JaP 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 Ne*a In IAwd) 2020 lo enatle
sustthNe, knffj.ter1￿ affL¥daNe ¢8ptsI fcY*ts4tsJ 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 NalK*nal fytery Herrtaqo Fund.
Bank O1knr￿. BVJ So(¥ety Cgpitsl: Esrt*e 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,' Fr*Thts 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 ($99 p.581.
P￿tIOn whhin broBder souèty. trwwgh <*iethe sw In pa￿￿hOP ￿th
Cn￿j￿ty, W￿ generate pragmalic re(¥Kn1￿3ts￿s to addrp85 PrOb￿n￿l and iwu8lil*s
that ￿ Jnftsmi (Wf.ty*n t￿tsrt amF￿r (thers to rrt8ke posidve thangp.
'R•pr•sgnlthn of F￿1￿le Artlsts kn 8rllaln"Dwthg 2020,. Dr Kats McMlllan.".2021
T1￿ 5rxth reF4)t.lrfo artlsts wdSla￿thed on 24 Pkwemb
2Q21, Dn the c￿a￿On oflhe aNK￿r￿￿￿t01 Fredarth Award Writtan by Dr Kato
Mcmltsn, fv r8Frf)rt rty1Wn￿" dat•relatry tg ts Interse¢l￿n￿ of etmic pnd
Curatorat lh• ￿t ¢dlecli¢m •d fourk4er ofTh• Worktng Class Art netswrk,
expkved Ih¥"hvith wdgs that make th•¥t fin¥>8n8trab￿ ts those MryihrArt 8orial
and Cul￿ caphal. Oskry what is k)st when th& stories and perspe¢b￿S oftho WO￿n9
.cla55 arp 91r￿nated frorn the vis￿1 arrtkn ol (xtr nakn? Dr Syfvo Thwri. Lecbjrer at
Wolvertwnptryi Schcd ofhrt aiwt thè WdFK)Lts a1 edur*tion in Btftain fall$
Blarjt and Br(y*n *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 tt*0-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 prc4ert*ill be lamched in 2022, *ryih a Call for ENidenrAinvrtirvar*thbu1k)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 I*ve￿e artists in teachro. The th will locus
lev*as *TII as oulsKie selliry.
tmpcqlanlTy*
address 1h8 L8suo; * Runnymde wil 4bt*k In wlh pol'cy makers..fuWs
edu¢xtcffs ac¥oSs the UK to embpd t1*9e ￿ the 8ec**.
The initiafvèalms toGitatyseWfffi 5trLKtr* tharlge in a sec1or*th"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 ex*wv8 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 ￿ $8vw* dacades of expwknrtt 05 a teather. aiirt curator. art
educ4tcY ￿ knder. iKlwlirvJ 8$ F*ad cl EthjcalL￿ 8t"Stythkn" KCentr0 12014.15) ID
av41ioty of rtl•s at WelkvJ S¢1￿￿(2(￿)0*2O1¥.
In Ns Ilrst hs has thè tewn ff*eting5 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>tth*oNpTS gFants of
up tr> £95,0(f)" to erwt4e 818ck-W ¢Jyankafjtsns tho UK to Imaglnfj and ddlvar tK4ld
and hryMCt(￿ ¥[￿ ats Ix•. irnovatfve r*w 8￿cts￿e wil dstnl*the 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 $¢de uptheir arnbitKJn8
"and the 9x•ter￿S 01 Black arwj artigis and waclltstsnws. of Afr5caTh.
CO￿tsb¢an and Aylan her*. Of f22 Exwessions.of Inte￿St. a shcrfuist c4 15 vwe invited
webinars and r*ls to.wtht t1￿1 ￿0¢e$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 Kery*i(*, 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 ICuratr*of 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 F*ograMn￿ {201&21) Caythff. Bgifrf Edinburgh
arkrfsheI￿. &Wure. s(K¥KI texblos pxinL ￿l￿eTr 7*ty11. ffilm and installallon,
.FouFKlykn'? London ￿ildin9. offerin9 anirrigm into new aps*oad)ea to maklng andlhe
r[￿t t*￿t"tO[leS consKlered by wllsts ￿lay. Intwrnd ￿th arfyvorts that Invtte
ofcrthwK￿ eythlMi￿ *YxKYage$ 8 rn*Y*arKation 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 Nollin*am-based *Jligt DevelopmpDt Curator
In Wl 2021 wglauncTrwJ an In¥￿nIOr vXpr86w ofint8restforth8 role of
ProgremTrErlLf a gelhgriry for 2023 thalreWxat8sth8 ￿￿tIce50P8L￿* and BrrN*71
artlsts. Ihos• ofAfriw cartb￿n aTrJ Aswl ￿nIa]e. ￿￿￿kIng in th8" UKtcday. Iniw by.
the AL*on 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•tsk*we 05 5peL>V41ist arteducalion
puilkati¢#)s. a t*w ￿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
CL*Ydnafrv. Tlwg" rmit*)hS.wll d￿rrt the financbal. kn9Sstkal. Iwman'rascucss and

Ttu*tw' R•port
Thè Tntst*W on th¥ lu￿re dIm￿lUn ofthe chwlty
rlr472021. 8$ ts v18U81 ort arKI 8rtedLKaVon from thè CoTAd-19
pandemE ￿0111*d 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 baL*grnmd 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 enatrA*d greater behbEen iTrJivKIu815 dep*kn¢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•l*d 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 shr*Ylsted 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 r*orrtoble 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 T*wè£68.120,17512020-
. £70.929.3591. Thè fLY*Ysar8 invesbj as dètaled in the InNesfn*rt F¥Ylcy b¢kw. whi18
requi￿ent forl#E*dty 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 obiec*iv? 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 agah*trhaiw lo ￿)￿Tr￿en1 Sp￿￿J1￿￿ov8Iè 8actorlnve8tm$ntln
Iho arts.
sèctor stu￿￿ noll¢¢ peri*J oftlwtt meanlngthat the F¢xndation is protected
The Tritstèts dligonc• tygwlsalions thal"submit
E>rThto aFvDMr¥J arry fvndhig req￿Sts tci erbsurèlhat tw are well.managoJ.
Sustslnatjle org81￿1*y6. We rerx)gTh5e tstthe rxwr8rt cow￿19 gnvironmenl pos85 .
9rn8tW OPgralKYBI wdfirwrjpl risk trp9rtrierorggiusafK)n$. * so ha￿"Undertsken
Incrnas8d olli98rts IhL*s 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 c*thn dearancefrcth the Dischjwre atsj B*riThJ Swyice IDBS} WTorlo *fork!ng
with the FfMHJatk*n, in Ine wilh ￿q￿reWrt.
F¢JundaiKfi. ItfvÈsln*nt rsks t*AI.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 requiren*rt 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 tlrt*s: 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$k profile aThJ Iwd5 of tharWwlatMIty.
The orggr4sation c#rt 8Fvopria* Insurar￿ poJiL¥es Cts￿ng empknyer anti
thin￿p￿ty li*Allty. Dffe¢th' and Olfiws. &￿￿ty. cyb¥, harthrnre. trave( FeTml
a￿Ident ￿[￿¢￿eS *1 asaA&t potLy fN ils gakry:
The Fr•elands is a thal-waiktr."chanty that is Sub￿￿ to US lav
' reg8rding'wNate frnmda1lon￿Sswell as UK l•. To enyntttere 8ra no unirrtgntkml
breaches in req[N￿rnents. c¢￿1d rewlt in fine& bss of*tus or rewtstional Issues.
th? Ftm*Jda￿n worts ¢*6ety *ilh S￿lalISt UK a￿1 US bjal o)unsel. The o￿ar•SaIlor
also wcrts wnh.an al)>￿￿￿4nd atMAt firm SFrtiali5tng.in ¢*WrfsdiclJon enudes, to help
To ertsure the a>ntinued strong govefforKE ofth2 F0unLtsli￿, the ￿ga￿S￿lI0￿,s Man￿l￿D
58 resFrt)nsb￿ for rnguLqr rap￿ty to all Tntsteos, with quart8rfy Trustses, Me￿Ing$
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<Kwc*s
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'$wJK ond inthdgs r*w appintments Ihal
Adminlstr8tsr M8rf( in J￿Y tr21 Gr￿ts M*wger Bha￿ Kukadla-moran I
S•pt Z021;
Folbhyig the ¢JepathofJetrMei Wong. *as?ppolnted" Managem8nt
Acoxjntsnt n NobErnbEK 2021.
Ar17￿ D¢v•kpTrxit CLwators Rosie Istarted Nthymber 2021). and Wngthan Srnth
{tstad Marth 2022) vitl wfth. coh¢¥ts thrne •rrtl frw of artbts partkj.pat￿j 'on th8
L￿￿es1o1ned in 8 rAw Got￿ Cyffw. in Few 2022.
garn￿7￿ leedbackon thg Freel"arth Mi# andthfjsing on its fijture dwe￿￿..
F￿r￿tIon. Op￿*$ a"nurnt*r DfRgLlaT rapubry pr(*esses tO￿￿[e thot etl part*s
tt*tTn* 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 sdeL*I 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 bx*wnd bmffftgs aL¥Jut Ih*r 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
Ser*ices." 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 sIAtL*Jro. vknlle th&AthIsLry Commlltee, as a who￿. rep￿ts1O the
of strntsgy or$win¢ lo F*rds 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 Ma*T 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"Seplwi*w 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¢wwn*d• TntstwoieL* a ses*¢)n by Harold
Tho Fr•thr*Js 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 tt*Bttye. ￿ F￿•knon ernpWth*8&￿ of1￿ fimis Farrw & Co and
Ihe Law offi￿ of SL¢anno R•iyn*lo 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
sl*e 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 ¢onc*n" 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￿ offirwTh*l 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 Stsnd*d 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 r8sponsblli*es 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 KlenlTf*d any material uncertaiM88
re￿[￿￿ tt) c* thaL indivkknlty4X cx)IteGiiYety. may signfficant do(bl
The Freeknds Fc*Jndal￿ 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 Tn*e5 with respqctto COn￿M
.we de¥xibed in the ￿nt ofth15
The other v41orrnth (￿Mprisesthe irrfom*thJ) Didt*Jgd 1n.tho 8nRual report, other than
th• fi￿and￿ arAI (xw avthtofs rep)rt thweon. The TJfvs are r8srmslbYe lor
Iho other jnfCffi￿ o)nt*ned wthin ihe wNJat'JEporL thw.opink)n Ctn the financsal
Btster￿nts (hxs rnta)¥gr Ihe infc*mabw eyptlo exlent otherwlso
dlyslatsd in cuieport. Tr)t exw any forni ofasswance wncluskn1hgrg0n.
(Jjr responsfolity isto r*1 Ihe Infrmth •xl. ii.thh9 so. (xmsK*rwhether.the
other Infcrntion b mthaMy"IrxxYtslst*rt*th 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&bm*s slatemenL the Tnjstees {who ate
8150 the tliTec*ys ollhe ch*tstAe 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 Ih8m*thn offmarKaal s18ten*rdS 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 applic*ble,.
rnatter5 related lo gtyng Lx)rK*Tr and g)ing cor￿e￿ basi5 of8ccoun￿ng unless
the TnA%le8s *)t**l to liquklat8 ckn•Ttat4e (4npany or tacease ryeralK)n5.or
mli6tic t￿¢ lo g).
on audltorfs tr*tlNSud8s (xw oplnkn. ReasonatrA8 asswar)cel6 ¥ l¥gh ievd ol
a5suran¢e, bLbt assuwce but is not a guw4n*e 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 fr*MI, 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.ex*nt lo our
Lytr4erfdetec*lNJ wrty•#bes. fraud Is (kl818d boltrw.
We ￿n¥Ide￿￿ ￿ rAtLTr of ￿ ¢h•llatrAg Industyand Its en￿r￿Mq￿L
and wtewed the rjwllth cOmpw￿$ dc*aJrrÉnt8Yon 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 fr*new)¥* 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 W*s {Charlty
Commlsth) r￿tknn5.
Intsntives that mayexist %%ithn the ￿ganisab"l￿ for fraud aud whwe fraud Might
As 8 ￿Ult0f the above. we itsntif*d 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 the<xyw￿t ￿ve1 ofeyrylitL¥e aThJ ieL*d Ikqtiilty to reco*.
In COMTh￿ 7Mth ali wfjls ur¥Jer ISA5 (UK). we al¥9 wuyed to PErfThm $pe
oc£duies to TespJThl to'the riskol mawement Lworridp. In adthsslw Ihg risk of fmjd
through manwJement cw¢rride ofcontrds. ￿lested the ￿pr￿atene$S olrnwnal 8th
olh8r"adJuslm8nts: assoss•J *lJthr th0￿d9aM0nts In Ma￿ accounting
esttrrrates are iThJicalNe d a Fthiilial imas.. ev￿ated ¢he.busin¢ss r*"on8le of any
signfficant tr￿SactKI￿Iha¢ gre c* oU￿"de1he.nDrna1 v)urse of busin89S.
fdlcMng'.
t8VEewiny slole*rnrt dtsdLwes by tesyffj trI￿ppOrtI1￿ dO￿￿entAl50n to
assess complisr￿.￿th proviskns 0frd8vant.lav￿ ￿ rryktp)ns desuibed as havirna
a direct effect on the fInar￿1￿ stakn*nts:
that may ind￿al8 rth-of material mÈslaterrEnl du• to fr￿d.,.
¢nquIrI￿ cl m•n8gement conc4mlNJ aL*d ar•J Fotsnllaf IWgatk)n ￿ ¢kns, •vJ
instsnces ￿ MnwnF4iance with lav*E and I￿a￿.[Ms:
tè&Jlng.mirMrtesof Fr￿ètI￿￿ ol thxe *Thlh ￿>v￿r•nCe aTrJ revI￿ry
The FYoe4arklg FO￿¥jaIl￿ Urnknd 49

Ind&￿nd¢￿tA￿ff10fs R•p
Op•nl<bns on ithr rnakn Pr￿sI￿d by tho CompJnl•F AGI 2006.
In w opinbn. baged￿ thew)rk urKtortakon In cujtse of the ￿dtt.:
the lnfonna1i￿ gN8n In thè Trustees. rEF(rt. Wthlch I￿￿d0S the DIr￿tO¢s,
ep¥eO fty Ihe'pwposes crf law ftythe lin8wal yeorforwNth thg ffinandal
alenwnts •e prepared Is Ct)1￿￿1 Tmth th8 finandal stat￿￿nts.. and
th&Dwe¢tors' repxxt wthln the Tnts1￿. retx>l 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¢ TrJJ*ees 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:
Fw*J 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￿￿￿1*s"￿￿rtt1 WiliwThJ cwation$ during the,aL¥)ve
Fra8knd8 Llrnstpd .51

8alanc• Sh••t As at 31 Oec*mber 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 8s*ts
Losse5 onirNe3trnents
Intreas*[d￿as0j In
. ($2,204)
105.142
(4.498,134) .' (6,225,609
ljet C35h provlded by opw*ln9 Xtlvltiel
8 Analysls ol caBh r•6h •¢wl¥•lonts
2020
Cashat bank and li haThS.
Cash by invesbnert nwiag*s.
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
unr*rtaknty 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 a5defin*l 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.
Cr*lc•l a¢courtkng esthTr￿ ahd ar••5 bf *ement
No cr61fc81 esUrr¢t8sty *easorjiw$3e"￿nt'fr0Vo r¥X*lty"ifr* T￿￿eS or
The T￿￿et# have 88s8ssed whEthEr"trE use ofthe gpirq asgjrnption ss
4)proprfat& ￿ rffèwlth3 these fw&"al st*m8nts. The Tn￿eShaVe mode thls
SèSsrn¢nt ￿ TeSFrt to g rJ8rKxl of onè year1￿ the d8¢ of.8pprrNd of th￿e aC(￿llnts.
The TrL¢sle9$ 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 oJtK*m. Trus*es 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(yb*Ao 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 Gknty*DJld have whl'r*J to.pay10 obtain facilitw￿[
measurwj by11fe th*ity, thb is rxxriwltywn noffrati.on of tho lrterè5t".paid
payxblo by the ba￿(.
¢orThnKtMig Ihe d*nty lo m*8 a paymern to> INrd pwty. 11 Is proba￿8 thet a
Iransferd Mlbe In sott*m8nt 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.
. ¢hArll*kn 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 ac*Niti9swhen apprDved'and wlw"
Ihg intended ie*ent has o*kwIg￿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 1rlknwof*rethernb￿ 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$ pa*ose"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￿ment*d ¥¢.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
$ubs8w8nt to th• ffl(st d¥y tsfl￿ IlnaDda y*r. Urna1150d gajns knsse5 are Ca￿lathd"
as the drffertr¢¢¢ botrRen ts fErvelu8 atthe ￿ erKJ carying valug pt that dat¥.
Reafwd and uwe*ised wwest￿n19￿B or k)sse5 arE C£¥Tkn8d in thp staterrnnt or
"ISnar￿a aGLl¥Niès ￿ arwtr9￿Ied ordebiied in ts year thatthey arise.
"Th• chthty c¥fy.*pRsls in assets tlwtare rty*ded.as.bas￿f}1a￿c4al in*trum8nts' under
of FRS 102.
Debtors"
Cash anttwh •wl¥al•
d8le as a rewtt of• po8te•*nC if s rrfot*t48lW a trdnsfer of 8fthDmiG bBngfrt will bo
qUF8d kn satllgmart arKI"th8 ahwil ￿the.$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¢en*er 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 Dec*nknr 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
97*62
53288
ll<ON Galgry
T￿ ak•PJt UK
unfvti￿ty of NolUwh>D
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$tratsY￿ awns are allocabl."as.wJc'h.
Costs aktsted (Jn Ihè basfis tI1im8 we allct*dbaged on the wowlKJri of slaff li￿￿ s￿1
on eath Strategic 8(m.
Il other costs are olkJ(ated on ts b￿5 c{ey￿dI￿rri. Expend￿j￿ w d￿M￿ned as bth
31
31
D•c•mb•r December
21)21
2¢Y20 of
£ Allrotk)n
Stsff
Donated.ser¥t*s kn lo offjr* aNI slaffojsts" 321.520
ID30
33.919
232
306.099
Tlm8
326,366
Expenditur4
25.078 . Tim?
45.078
Expenditure
2.838
Tim$
Tlme
Dtrectly
Iwran¢e
T7avel aTrJ Su￿15tenCe
Prfrtliry ￿)Sta9￿.
14*000
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 P*knd 22 (2￿171.
Tl* rw1nborpfern￿￿￿*X> ￿￿￿dE￿O.(￿￿ tsxabkn b•n•ffts b.ui
20
2020
l*amber 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 (InclJth*mg 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•m*nts. #4uipmÈnl E4uipmètrt ￿1x{Ur*S
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
Adi*tions 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￿￿ kNestrr*nts haj in 08eamber 2tr21 compT*I 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% porffr*J (£57.8TB,9575 and 13% Dlsfiey share
{£8,W,3731
By ￿21 Decem￿ 2020. rAty*bd 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¢8wrf*nt.
12 Doblo
2¢)20
53.542
53.542
1.339
. 18 Crndltofs: Amounts falllry du•.T*lthkn •)ne year
X121
2020
146I37
4T￿77
51,6f)J
Other CTedlt(45'
Ta¥ ar*1 >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 parentl*Jrnpgny.
•XbAlt88 t*Tha 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 Ui*t7 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 Ellsat*th 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 or*rnling pc51ir4ès. One ￿the
TfUSteBS ofthe thwing the ￿Or al*) a Dkecaor ol Fr8elar*s.FIGLtd Uvopi
A Ltd aThSFrBel*Kl% 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¥WK*th 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 Frè*rnls"
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 ch*Ètsblè 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 ont*y. 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