THE ROOTS AND WINGS CHARITABLE FOUNDATION
REPORT AND ACCOUNTS
YEAR ENDED 5 APRIL 2024
Charity number: 1179863

THE ROOTS AND ￿NGs CHARITABLE FOUNDATION
INDEX
Year ended 5 Aprll 2024
Page
General infomation
TNslees' annual report
Independent Examiner's ￿p¢)rt
Statement of financial actm'ties
Balan￿ sheet
Notes to the financial statements

THE ROOTS AND WINGS CHARrrABLE FOUNDATION
GENERAL INFORMATION
Year ended 5 April 2024
Date of Sottlement
30 May 2018
Charity number
1179863
Twst¢e8
Philip BuTks
Amja Burks
James Bar¢ks
Jonathan Sutton
t)omIn￿ Rtst
Settlor
Philip
Charity addvpss
Cripps PeMbert￿ G￿nL8h
Floor.
80 vthria Street
London
SWIE 5JL
Objects
The tnjstees hold the fund and income therefrom on
trust for charitable purposes and to make donations lo
such charitable instrtuth)ns as they in their absolule
discretion thwik fit
Accumulatlon
During the ￿riod of 21 years from the dale of the Trust
Deed, the tTUStees have power to accumulate the whole
or any part of the income of the TTUSt Fund.
Banke
BaTclays Bank
1 stanh(￿ G*
London
W1K1AF
Solicitorn
Cripp5 PeMbertC￿ Green
2￿% Fkxy.
80 VLtori8 Street
London
sWlE￿L

THE ROOTS AND WINGS CHARITABLE FOUNDATK>N
TRUSTEES, ANNUAL REPOR T
Year ended S Aprfl 2024
The trustees submit their rewrt and accounts for the year ended 5 April 2024. The accounts comply wth
current statutory requirements, with the charity's Trust Deed. the Charities Act 2011 and Accounting and
Reporting by Charrties.. Statement of Recommended Practti IFRS1021. The report should be read in
conjunction with the general infomiation provided on page 2.
Constitution
The charity is constituted by a Trust Deed d*ed 30 May 2018.
Structure, govemance and management
The Trust is an unincorporated charrty. govemed under a Trust Deed dated 30 May 2018 and is
registered charity, number 1179863.
Responsibilities for the appointment of a new or a&litional trustee or the discharge of an outgoing trustee
vests with the trustees. Future trustees must sign a declatation of willingness to act as a trustee of the
charity before he or she may act as a trustee.
The trustees meet at least tsvice a year to cortsider awards and donations they wll make and to monitor
asset management, investrnents. reseryes and risk management policies.
The charity has no voluntary. secorKled or paid staff.
Ollectives and activitles for the public benofft
The obj'ect of the charity, as set out in the trust deed. is to pay or appty the income and EF the trustees think
ff( the L3pilal of the trusi fiind for the benefrt of such charitabk purposes or charrtable institutions as the
trustees select.
Donations were made during the year as follows" one donation of £2.500 to the Connected Planet
Foundation, a charity that r£*nnects young peop￿ from marginalised comiunities with their surrounding
wildlrfe in South Africa.
The Iruslees. having regard to the public benefrt gU￿anCe published by the Charity Commission in
accordance with section 17 of the Charibes Act 2011, eonsider that the purpose and activities of these
charities satisfy the requirements of the public I￿nefit tesl set out in section 4 of the same act.
Financial review and Investment policy
The trusteès consider the current financial [Misit￿ll to be s8tisfxlory. There 15 sufficient cash and income
from donations and investments to provide support for Iheir chosen tharItab￿ ￿useS. The trustees have
shares in Big Yellow GTOUP PLC and OptiBiotix Heath PLC and intend lo retain tt)ese holdings. The
trustees believe that, despite the Lack of dwersrfution of assets, the tisk of investment is low on the b8SIS
of the trustees, knowledge of these particular companies and considering that the cl)mpan￿S are asset
backed with low gearing. The Trust had net assets of £874,938 as of 5 April 2024 {2023 £925,813).
There were nel incoming resour￿ for the penod ￿fore net bss on investment5 of £20,037 {2023 - nel
incoming resources of £363,597). The charity receNed donabons of £nil in the year (2023 - £266,950).
Dividends of £28.115 were receNe(l in the year (2023 - £20,974) and there was an unrealised loss of
£70.912 on the shares in this Peri￿1 (2023- £152.761).
Resor4e6 policy
The tharty caffies out direGI charitable activibes. makes no financial commitments from year lo year
and the donations that are made vary according to the income geneTaled. As such minim81 rese￿e8 are
required to ensure the Trust's continued operations.
Risk managemant
The principal risks fthl by the charity lie in the ￿Ve1 of investment return and the performance of the
investment markets and risks from ineffectNe grant making. The trustees keep under review Ihe
investment held. They reStr￿t donats.ons to ￿gIStered charities.

THE ROOTS AND WINGS CHARITABLE FOUNDATION
TRUSTEES, ANNUAL REPOR T
Year ended 5 April 2024
The main form of financial risk faced by the Charity is that of volatilty in equity rnarkets and investsnent
markets due to wider economic condibons, the attitude of investors to investrneni risk, and changes in
sentiment concerning equities and within particular sectors or sub sectors.
The charity relies in part on dividend yiekj to finance ts work and therefore volatility in yields is a risk lo
the charity. Liquidity Tisk is ￿nSIdered to be a5 all assets are traded in mad(ets with good liquidrty.
Plans for future poriods
The trustees intend to contsnue their present poliues for investsnent Manag￿]ent and to continue making
charitable donatv)ns.
Trustg85' responsibllities in rglalion to the financial statements
The trustees are responsible for preparing Ihe trustee5' report and the financial ststements in accordance
with applic8ble18w and Unrted Kingdom Accounting Standards. The applicable to charities In England
and Wales requires the trustees to prepare financial statements for each financial year, which gwe a true
and fair view of the state of affairs of the charty and of the irmming resources and application of
resources of the charity for that period. In preparing these financial statements, the trustees are required
to..
select suitable accounting Folicies and Ihen apply them consistenly".
observe the methods and principles of the Charities SORP,.
make judgements and accounting estimates that are reasonable and prudent"
state whether applicable accounting standards have been follc*Ned, subj'ect to any departures
disclosed and explained in the financial statements: and
prepare the financial stslements on the wing concem basi5 un￿S rt is inappropriate lo presume that
the charrty will continue in business.
The trustees are responsible for keeping &counting records, which disck)se with reasonable accuracy the
financial position of the charity and enable them lo ensure that the ffinan￿al statements comply with the
Charities Act 2011. the arplicable Charities (Accounts and Reports) Regulations and the provisions of the
Trust Deed. They are also responsible for safeguarding the assets of the chanty and hence for taking
reasonable steps for the prevention and detection of frasjd and other irregularities.
The report of the trustees was approv￿1 by the trustees on
t*half by:
"(]Y
2025 and signed on their
PHILIP BURKS
Trustee
JABU
Trustee
KS

THE ROOTS AND Y4lNGS CHAR￿ABLE FOUNDATION
ST A TEMENT OF FINANCIAL ACTIVITIES
Year end￿ S April 2024
Indepgndont gxaminerf8 rgport to the t￿￿ of The Roots and Wlngs Foundation
I report tr) the Trustees on my examination of the accounts of the trust for the year ended 5 April 2024.
Responsibllities and basis of report
As the charity twstees of the Trust yov are responsible for the Preparat￿n of the accounts in accordance
with the requirements of the Charitse5 Act 2011 {'the ACYI. You are sat￿led that an audit is not required
for this year Lbnder charity law and tt)ai an Ir￿ependent examination is needed.
I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act
and in carrying out my examination I have folkmed all the appl￿ble DiTections given by the Charity
Commission under section 145{5){bl of the Act. Dixon Wilson, a fimi of Chartered Accountants of which I
am a director has provided b(￿kkeepIng Servi￿ to the Trust and I have appl*d the FRC'S Revised
Ethical Standard in carrying out ry examination.
An independent examination does not involve gathering all the evidence that would be required In an 8udit
8nd consequentty does not cover all the matters that an audrtor consKlers in giving their opinion on the
accounts. The planning and conduct of an audit goes twond the limited assuran￿ that an independent
eXaMinat￿n can Provide. Consequenty. l express no opIn￿n as to whether the accounts present a 'true
and fairf view and my report is limited to those specific matters set out in the independerst examinerfs
statement.
Independent èxaminefs statement
l am qualffied lo undertake the exam￿atr.0n by being a qualified member of the Insts"t¥Jte of Chartered
Accountants in England and Wa*.
I have completed my examinalk)n. I confirm that no mater￿1 matters have come to my attention in
Connecti￿ with the examinalion gmng me cause to beli8ve Ihat in any material respecl..
accounting records were not kept in respect of the Trust as required by section 130 of the Actr, or
2. the accounts do not accord wth those records". or
3. the accounts do not Comply wrth the applicable r￿ulfameftts ￿￿rnIng the fom and content of
accounts set out in the Chairties (Acwunts and Rewrtsl Regulations 2008 other than any
requirement Ih8t the accounts gNe 8 'true and tsir view. which is not a matter considered as part
of an independent examinatK)n'. or
4. the accounts have not been prepared in accordance wilh the methods and prinuples of the
Stslement of Recommended Pract5￿ for ac¢ounkn"ng and reporting by charities applicable lo
charities preparing their accounts in ￿ordance with the Financial ReFK)rting Standard applicable
in the UK and Republic of Ireland (FRS 102).
I have no eoncerns and have c￿e across no matters in COnn￿tIon with the examination to which
attention should be drdwn in this report in order to enable a proper understanding of the accounts to be
reached.
S J Wakefield ACA
Dixon Wilson
22 Chancery Lane
London WC2A 1 LS
24 January 2025

THE ROOTS AND IMNGS CHARITABLE FOUNDATION
ST A TEMENT OF FINANCIAL ACTIVITIES
Year ended S April 2024
Unrestri¢ted Unrestricted
2024
2023
Income and endowments from:
Donations and legacies."
Donations
366,950
Investments..
28,115
28.115
20,974
Dividends
387,924
Expenditure on:
Charitable 8Ctivrties.'
Grants made
2,500
3.000
1,500
1,078
20,OtJO
2,160
2.368
799
Accountsncy
Legal fees
Bank tharges
24.327
Total expendlturfr
8,078
Net unrealised loss on investrnents
Net moyemont in funds
170,9121
150.8751
(152.761)
210.836
Rgconciliatlon of funds:
Total lunds brought forward at 6 April 2023
Total funds carTiOd lorward at 5 April 2024
925,813
874,938
714,977
925,813

THE ROOTS AND ￿NGs CHAR￿ABLE FOUNDATION
BALANCE SHEET
At S Aprll 2024
2024
2023
Flxod assots:
Investments at market value
Current assets:
Cash at bank and in hand
Debtors
702,571
631,659
248,(￿7
2,712
250,729
17.5001
243,279
202,610
25,000
227,610
(4,368)
223,242
Creditors: amounts falling due within one year
Net current assets
Total assets le6s currnnt liabilities
874,938
925.813
RePr￿entsd by:
Unrestricted funds
Totsl
874,938
874,938
925,813
925,813
The financial statements on pages 6 to 11 were appmed by the Trustees on 24t
signed on theii behalf by-.
025 and
PHILIP BURKS
Trustee
ANJA BU
Trustee
KS

THE ROOTS AND VIINGS CHAR￿ABLE FOUNDATION
NOTES TO THE FINANCIAL ST A TEMENTS
Year ended 5 April 2024
Accounting poli¢les
(al Basi5 of preparntion and assessment of going concem
The financial statements have b￿n prepared under the historical cost convention wf(h itwns rec¥Jgnised al
cost or tranSact￿n value Un￿5$ otherwise stated in the relevant notes to these acGounts. The financial
statements have been prepared in accordance wrth the Stalemeni of Recommended Practice.. Accounting
and Reporting by chariti.es preparing their accounts in accordance with the Financi81 Reporting Standard
applrabie in the UK and Republ￿ of Ireland (FRS 102) effedive 1 January 2019 and the Charitses Act
2011.
The trust constitutes a public benefit entty as defined by FRS 102.
The trustees consider that there are no material uncertainties about the trusys abilty to continue as a
going cOn￿rn. There 8re no signrfic8nt areas of judgement and key assumptions that affect items in the
accounts. Wth respect to the next rep)Tb'ng peThxI. the most significant areas of uncertainty that affect
the carrying value of assets held ty tt)e t¥ust are the level of investtnent retum and the perfomance of
invesbment markets (see the Tisk managemenl section of the trustees. annual rep)rt for more infomiationl.
(b) Fund structure
The unrestricted fund comprises those ftjnds whrh the trustees are free to use for any purpose in
furtherance of the charitsble objects. unresln.cted lund5 include designated funds where the trustees, al
their discretion, have created a fund ts a SFecik purpose.
(¢) Income rocognition
All income is reCogniS￿ once the charity has entrilement to the income, il is probable that the inccyne will
be received, and the amount of income receNable can be rneasured reliabty.
Donations are re￿Jn1Sed when the trust has been notsfied in writing of both the amount 8nd settlement
dale. In the event that a donation is subject to condstions that ￿uIre a level of perfom)ance tEfore the
Charity is entitled to the funds. the income is deferTed and not recctrjnised until either those conditions are
fulty met. or the fuffilment of those conditW5 is wholty wthin the control of the charity and it is probable
that those conditions will be fuffilled in the reporting perLxl. Gfft is accru&J on recognition of the
corresponding cash receipt.
Interest on funds heid on deposit is included when receivable and the amount can be measured reliabty by
the Gharity", this is nomialty upon nOIrf￿ation of Ihe interest paid or payable by the bank. Dividends are
recognised onca the dNKlend has teen dedared and the not[ficat￿n has been recewed of the dividerid
due.
(d) Expenditure recognftion
Liabilities are recognised as expenditure as soon as there 15 a legal or constructNe obligation committing
the charity to that expenditure, ri is probable that settlement will be wuired, and the amount of the
obligation can be measured reliably.
l expenditure 15 ￿0￿nted for on an acuuals basis. Al expenses including suwort costs and
governan￿ costs are 8ll¢xated or 4)VKJrtioned to the appI￿le expenditure headings.
Grants payable are payments made to third parties in Ihe furtherance of the charrt8ble objects of the Trust.
In the case of an uncondiknonal grant offer. this is accrued On￿ the recipient has been notffied of the grant
award. The notffication gives the recipient 8 reasonable expectat￿ that they will receive the grant.
(e) Irrncoyernblo VAT
Irrecoverable VAT is charged against the eyndrture heading for wh￿h rt was incurred.

THE ROOTS AND WINGS CHAR￿ABLE FOUNDATION
NOTES TO THE FINANCIAL ST A TEMENTS
Year ended 5 April 2024
Accounting policlgs (Continued)
Support and governan￿ costs
The charity does not incur support costs. G0Veman￿ costs cThnprise all costs invofving the public
accountability of the chaTty and its cornplian￿ wtth regulation ar￿ good practice. Govemance costs
relate to charitable ath'vrties.
{gl Choritable activities
Costs of charitable actNities inclLbde grants made governa￿e costs.
(h) Flxed ass￿ investments
Investrnents are a form of bas￿ financial instrument arKJ are initialty recogni5ed at their transaction value
and subsequenlly measured at th￿r fair value as at the balan(t sheet date using the closing quoted
market price. The statemeni of financial activrties includes the net gains and losses arising on rev8luati)n
and disposals throughout the year.
The trust does not wuire put opt￿1$, derivatives. or other ¢J)mplex financial instruments.
Realised gains and losse8
All gains and losses are taken to the Statement of Firbancial ActNities a5 they arise. Realised gains and
k)sses on investments are calculated as the drfFerence between sales pro￿d$ and their opening carrying
value or their purchase value rf acquired subsequent to the first day of the fi'nancial yeaf. Unrealised gains
and losses a￿ calculated as the dfftererKe betsveen tt)e fair value at the year end and their carrying value.
Realssed and unrealised investment gains and losses are sh¢)wn separatety in the Statement of Financial
Acttvrties.
li)
Cash at bank and in hand
Cash at bank and in hand indudes cash equivalents in the fom) of unpresenled cheques.

THE ROOTS AND WNGS CHAR￿ABLE FOUNDATION
NOTES TO THE FINANCIAL ST A TEMENTS
Year ended 5 April 2024
Governance Costs
2024
2023
Accountancy fees
Independent examin*NJn fees
Legal fees
Bank charges
Total Govemance Costs
2.250
750
1.500
1078
1,410
750
t,368
5.578
4.327
Grants madè
2024
2023
The Ruth Strauss Foundation
Connected Planet FOunda￿n
Totsl grants made
20,C
2,500
2,500
20,CQO
10

THE ROOTS AND WINGS CHARrrABLE FOUNDATION
NOTES TO THE FINANC5AL ST A TEMENTS
Year onded 5 Aprll 2024
Flxod assgt investments
2024
2023
Market value brought fO￿ard at 6 AKKII 2023
Additions
Net unrealised gainllloss) on invesknents
Market value carried forward at 5 April 2024
702.571
613,382
241,950
[152,761)
702,571
170,9121
631.659
H18torical cost
574,966
574,966
Investmonts at fair value consists of:
UK real estate investment fund
UK phamla￿Ul￿a1 and biotechnokoy inveslment fund
Market value carried forward at 5 Awil 2024
612.659
19,1X)O
692,831
9,740
631.659
702.571
Market value brought foward at 6 April 2023
702,571
613,382
All investments are carried al fair value. Investments are all traded in quoted public markets. The basis of
fair value for quoted investrnents is equivalent to the market value. Asset sa￿S and purchases are
recognised al the date of trade at cost
DebtOY8: amounts falling due withln one year
2024
2023
Tax rebate on PIDS
GfftAid
2,712
25,000
2.712
25,000
cr￿lton. amounts falllng due within one y?ar
2024
2023
Accountancy fees
Legal fees
6,IX)D
1.500
3,000
1,368
4.368
Related party dls¢losurns
J Sutton a trustee of the charty is a partner of Dixon Wlson. Dvxon Wilsori provided accountanry services
to the charty during the year and charged 8 fee of £3.000 {202> £2.1601. At the year end. fees of £6.000
were outstsnding 12023- £3,000). D Ribe( a trustee of the charity is an employee of Cripps. Cripps
provided legal services to the charty during the year and charged a fee of £1,50012023 - £1.3681. Al the
year end, fees of £1.51XJ were outstanding12023- £1,368).
The charity received no donatson5 Wrthout ¢ondrtions from a trustee12023- £241,950)

THE ROOTS AND WINGS CHAFITABLE FOUNDATION
TRUSTEES, ANNUAL REPOR T
Yearendod SAprfl 2024
The maln fomi ￿ Ilnanci* ll8k fxed by the ¢haW 18 that of vomllly In 8qu#y markots and investment
markets due to wlder economic Cond￿'0n$. the attitudg of Investor8 lo Invesknenl rfsk, and change8 In
Sentiment concomlng 8quhie8 and witFu"n particular wtors ￿ sub 8eciN8.
The charity reli&s in part on dfvrdgnd yield to finance Its work and the￿fore vdatllity In Y1￿d$18 a risk to
the charity. L4uidty risk ￿ Consbjered to be as all as3ets are traded in with gcKxI liquhjty.
Plans lor fu￿re pBrfods
The trustee8 hleThJ lo continue th8ir p￿serI polioles Investrmnl manageThnt and to contlnue maklng
haltab￿ dothns.
Truste8s' rnsponslbllltlg5 In ￿lat10Th to the financlal statements
The Iruslees are responsible ts prepadny the trustees, report arnl the financk25 statement8 In aocordance
with applkable law and Untted Kingdom Accounting Stsndard8. The applicable to Char￿8$ In England
and Wales requires the trustees to prepare financial statements for each finandal y8ar, wh￿h gi￿ a true
and fair vlew of the slate of affairs of the charity and of the inwming f680urces and application of
resourcas of the charty for that perhjd. In preparing these fin&)cial stalernents. thg truslees are requirgd
set￿1 8Uitabl8 aceounting Fd[c￿ aFKI then •pty thgm c￿$1$te￿￿.,
obseN8 the methcxls and prmicip￿5 of the Charrfles SORP.,
make jud￿entS and estimate8 that are re8wn￿e and prudgntr.
818te wheth6r applIca￿e a￿nting slaJ)d8rds have been follo￿d, suti&t lo d8p8rtures
di8cltssed and explained In the financial slaterr￿nts,. and
preparg the finan¢RI statements on the going concem basB unk9$8 I Is Nwopriate to pre8ume that
the ch8Tity wll continue in bu￿1￿.
The trustees are resrrf)nslble for keeping accounttng r￿Ords, whth di8ckoe reasonable ac¢uracy the
financial position of the charity and enable them lo ensure that the financid stataments comply with the
Chariltes Act 2011. Ihe 8pprK3b￿ charit￿?$ {AecLwnls and Reports} RegU￿kIn8 and the provisions of the
Trusl Deed. They are also reSFrt)n8tb￿ for safeguarding the assets of the charity and hence for taking
r8asonabl6 steps fortho prevention and detection of fraud and other ITregularttigs.
Th6 report of the truthes 4)pro¥ed by the trustees on
behalf by..
24rr
2025 and 8igned on their
PHIUP BURKS
Trustee
ANJA BU
Trustee
KS