Charity Registered Number: 1182163 (Ei ngland and Wales) BRABNERS FOUNDATION CIO REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 APRIL 2021
BRABNEI RS FOUNDATION CIO Index to Financial Statements For tlie period ended 30 April 2021 Page Charity Infoi'ination Ti'ustees, Repoit Jndependent Examiner's Report St<1teineiil of Fiiiic IICi<11 Aclivilies Balance Sheet Note5 to the Fiiiancial Statements 8- 15
BRABNERS FOUNDATION CIO Chai'ity Information For the period ended 30 April 2021 TRUSTEES: N Dickson R Whitc- Chair C Forshaw L Nisbet H Moi'gan REGISTERED OFFICE: Brabnei'5 LLP 55 King Street Manchester M2 4LQ CHARITY NUMBER: 1182163 REGISTERED NUMBER: CE016604 ACCOUNTANTS: RSM UK Tax and Accounting Limited Chartcred Accountants 5, Floor Onc City Place Queens Road Chester LHI 3BQ
BRABNEI R8 FOUNDATION CIO Ti'iistees, Repoi't For the poYio(I cndcd 30 Ai)ril 2021 ie Trustees submit theii. ieport and unaudited financial statements for the period ended 30 April 2021. The financial slaieinents have been prepai'ed in ac¢oi'dan¢e with thc accounting policies sei out in note I to the fiiian¢ial stateineiits and comply with the charity'5 governing document, the Cl)arilies Act 2011, aiid Accounting and ReportlIg by Charities.. Statement of Recommended Practice applicable to charities preparing theii. fiiian¢ial stateiiiejits in accordance wiih the Financial ReportiT)g Standard applicable in the UK and Republic of Ireland (FRSI 02). Legal and administrative infomiation Set out on page I forms part of this report. Trustees The Trustees, who served dui'ing the period and io the date of this report were.. N Dickson E Sabeva (Retired 8 Marcli 2021) R White C Forshaw L Nisbet H Moi'gan (Appointed 8 March 2021 } Structure, Govei'nanee aiid Maiiagement The ui'ganisdlion is a Chai'itable Incorpoi'ated Orgaiiisatioii ICE016604), incoipoi'ated on 21 February 2019 and regi5teitd as a charity (1182163) on 21 February 2019. The company is governed by a docuittent of constitution. The day lo day ruM)ing of the chai'ity is maiiaged by the ti'ustees. Related Parties Brabnei's LLP is a related party of Brabneis Foundation CIO, 2 designated meinbei% of Brabners LLP are also trusleeg of the foundation. Reeruitment gyjd Appointment Ti'ugtees ale appointed by a JEsolution of the trustees passed at a special meeting. The minimum nuinber of tnLStees is 3. All trustees aiE skilled to carry out their re5por15ibilslies howevei. if any fui'iher li'aining is idejitified it will be provided. Principgl Objectives 2nd Activitie5 of the Charity Tlie chai'ity's objectives and priiicipal activitie5 are foi. the benefit of the publi¢ geneially, both in the United Kingdom aiid uvei'seas. Tl)e object of the CIO is for the public benefit the advan¢¢ment of any exclusive charitable piirposes according to the law of England and Wale5 that the Ll)arity liustees Inay in theij. absolute disci'etion deterinii)e from tiine to time. The Foundation fuilhers 115 charitable puiposes for the public benefit thi'ougli its grant-making policy, which aims to allevidle h(11-dsliip sji lh¢ coininuiJilies ii) wliicli Ilje fouiidalioi) opci'ales. Tlie fouiidation coiiducts vai'ious fund-iaising activities with which tu geneixte incoine, such as sponsored events and cl)allei)ges aiid raffles and sales. Piiblic Bencfit The Ti'ustees confiim) that they have refei'red to the guidance contaiiied ii) tlie Cl)arity Comini5SitsI)'s general guidance on public beiitfit wheii reviewing Ilie chai'ity aiins and objectives and in planning fiitUlE activities and setting the grant Inaking policy for the year.
BRABNERS FOUNDATION CIO Trustees, Report Vor the period endcd 30 April 2021 Crant Making Policy The Charity has established its grant making policy to achieve its objects for the public benefit. Grants would be con5ideied by the trustees to be made in the areas necessary. Grants are Considered by the trustees on a case by case basis. Aehlevements and Pcrformance The charity performed well during its second year, albeit a year which was adversely impacted by the Coronavirus (COVID-19) pandemic. It raised £39.618 with events such as the annual Big Idea, Around the World in 80 Days, Charity Masterclasses, Step into 2021 and Chi'istmas activities. Although the <imounl 12ised by such charitable events was less than would be expected due to the impact of the pandemic, the ch'Ity benefiited from significant irsidual client balances, as well as other donations in the year. The charity paid out grants of £25.003 in the year. Ten of these grant5 were emergency Coronavirus grants, provided towards the start of the pandemic. each of £l.000 to a variety of charities including Forever Manchester. Liverpool City RebFion Cares, KtND and Crisis UK. Further grants of £2,000 each were a150 made during the year to charities including Little Princess Trust, Give a Duck and the Darby Rimjner Foundation. The grants made by Brabners Foundation have ensured that the objectives of the charity have been met. Financial Revieiv Incoming resources exceeded resources expended for the period by £1 0,804, with retained funds of £25.957 at the period end. I'he Statement of Financial Activities is set out on pagc 6. Income is derived from fund-raising events and dolialions. 'Ihe 'l'i'LlStccs bcliLve the cl)ai'ily lia% p¢rfoi'iii¢d wcll ip it5 second year despite tl)e challeiige of tl)e pandemic and the itnpact thi5 has had on charitable activities. COVID-19 During 2021, the UK has continued to be impacted by the CoronaviN5 {COVID-19} pandemic. COVID-19 has continued to evolye therefore bringing challenges and uncertaintics. With regards the results reported for the year ended 30 April 2021, the trustees are of the opinion that thcr¢ are no Tnaterial uncertainties relating to the accollntsng estimates, or any other balances, transactions and dis¢losures, as arssing from the impact of COVID- 19. 'fhe trnstees have reviewed the risks associated with COVID-19 and are satisfied that ihe charity will remain a going conceim for a period of at least 12 months from the date of approvsng the financial statements. Risk Management The hustees have a55essed the major risks to which the charity is exposed and are satisfied that systems are in plac¢ to mitigate exposure to the major risks. Reserve5 Policy Tlic trllstccs aiTn to maintain the level of free reserves at an appropriate level to ensure that the expenditure of the harity Tnay be covered. However, the level of expenditure the Charity is exposed to is low and any shorifall in the level of reserves needed to pay for expenditure as and when it is due will be covered by Brabners LLP. Trustees, Responsibilities I'he hustees are Tesponsible for preparing the TNstees' Annual Rcport and the financial statements in accordance with applicable law and United Kingdom Accounting Standard5 (United Kingdom Generally Accepted Accounting Practice The law applicable to charities in England and Wales requires the (rustee5 to prepare financial 5taternents for each financial year which give a true and fair view of the state of affairs of the charity and of tlie incoming resource5 and application of resources, including the income and expenditure, of the charity for that period. In preparing these financial statements, the trustees are required to.. select 5Ultable actounting policies and then apply them consistently,. observe the methods and principles in the Charities SORP; tnake jiidgments and estimates that are reasonable and pn]dcnt' state whether applicable UK accounting siandards have been followed, subject to any tnatei'ial departures disclosed and explained in the financial statements,. and pi'epare the ffftancial statements on the going conceiTr basis unle55 it is inappropriate to presume that the charitable company will continue in business.
BRABNERS FOUNDATION CIO Ti'ustee5' Report For the period ended 30 April 2021 The h'ustees air responsible foi. keeping propej. accounting records that disclose with reasonable 3ccura¢y at any tin)e tl)e fii)ancial position of tlie cliai'ity and ejiable thejii to ensuiE that Ilie financial sialemenis Coinply with the Chai'ities A¢1 201 I, tlie applicable Charities (Accouiits and Report) regulalioi)s aiid the pi'ovisions oftlie guvei-nin¥ documeiit. Tl)ey air also Te5POllsible for safegllardiiig tlie assets of the cliai'ily and lience for takin¥ reasonable steps foi. tl)e pi'evention aiid detection of fi2ud aiid otlier iriegularilies. ONBE ALF OF THEOARD R Wiite Trustee Date..
INDEPENDENT EXAMINEIR'S REIPORT TO THE TRUSTEES OF BRABNERS FOUNDATION CIO I report to tlie trllstees on my exarnination of the financial statements of Brabners Foundation CIO {'Ihe charity.) for the period ended 30 April 2021, which are set out on pages 6 to 15. Responsibilities and ba515 of report As the trn$t¢es of the chai'ity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 {'the 201 l Act.). I report in respect of my examination of the charity's accounts carried out under s¢Ction 145 of the 2011 Act and in cari'ying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145 (5)(b) of the 2011 Act. An independent examination does not involve gathering all the evidence that would be required in an audit and consequently docs not cover all the inatters that an auditor considers in giving th¢ir opinion on the accounts. The planning and conduct of an audit goes beyond the limited assui'ance that an independent exgTnination can provide. Consequently, l express no opinion as to whether the accounts present a 'tNe and fair view, aiid my report is limited to those specific matters Set out in the independent examiner's statement. Independent examiner's statement I have completed my examination. I confirm that no Tnateriftl matters have come to my attention in connection with the examination giving m¢ reasonable cause to believe that in any material respect.. accounting iecords were not kept in respect of the charity as required by section 130 of the 2011 Ati. or tlle accouiiis do iiot a¢coiYl with those Tecoi'ds., or the accounts do not comply witli the applicable requirements tonceming the form and content of accounts set out in the Charities (Accounts and Report5) Regulations 2008 other than any requircTncnt that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination. I have no concerns and have come across no other Tnattei's in connection with the examination to which attention s]iould be drawn in this report in order to ¢nable a pix)per understanding of the accounts to be r¢ached. Name.. John Guest Name of applicable listed body.. The Institute of ChArtered Aecountant5 in Engl&nd and Wales Relevant professional qualification or Tnembership of professional body.. Chartered Accountant ON BEHALF OF RSM UK TAX AND ACCOUNTtNG LIMITED Chartered Accountants One City Place Queens Road Chester CHI 3BQ Date.. 23105122
BRABNERS FOUNDATION CIO Stateinent of Finaiieial Aetivities (including Income and Expenditui'e Aceollnt) For the peiiod elided 30 Api'il 2021 30 Apilll 2021 Total 30 April 2020 TotAI Unrestricted funds Restricte(I fuijds Iyote COME Donations Incoine froin charitabl¢ activities 29,553 6.490 3,575 33,128 6.490 13,961 25,092 Total income 36,043 3,575 39,618 39,053 EXPENDITURE Cl)ai'itable activities Cosl of I'aisii)L fiiiids 25,003 236 3,575 28,578 236 22.399 1,501 Total expenditure 25,239 3,575 28,814 23,900 Net income befo1 Iransfei¥ 10.804 10,804 15,153 Transfer between fiii)ds Net movement in funds for the pel'iod 10,804 10,804 15,153 Reconciliation of funds: Fund balances brouRht ftsjivard Fund bk)l#nees Lari'ied forvai-d 15,153 25,957 15,153 25,957 15,153 Tl)e chai'ity l)as iio recognised gaiiis or1055¢s oiliei. than as slated in the Staleinenl of Financial Activities. All income and expenditure derive from coiiliiiuing activities.
Company number: CE016604 Chai'ity nllmbei.: 1182163 BRABNERS FOUNDATiof4 CIO B#l#n¢e Sheet as at 30 April 2021 2021 2021 2020 2020 Note Current Assets Debtors Cash at bank and in hand 10 9.657 5,496 27,950 Total current AS5et5 27,957 15,153 Creditor8: Ainounts falling due within one year {2,000) Net current assets 25,957 15,153 Net assets 25,957 15,153 Charitable Fund8 Rcsli'ictcd bunds Unreslri¢ted Funds 12 12 2S,957 15,153 Total Funds 25,957 15,153 The financial statements were approved by the Trustees and authorised for issue on 201h May 2022 and were signed on their R White Trustee
BIUBNEI IIS IIOUNDA'I'ION CIO Notes lo tlie FiiianLial SIAleinents For the pei'iod eiide(130 April 2021 Accounting Policies A) Statutory information Bi'abjici's Foiiiidatioii CIO is a cliai'itable iiicorpoi'aled orgaiiisation registei'ed witli the Cliai'ity Cominissioi) ii) EngFlaiid & Wales. Tli¢ re¥i5teiEd office addttss is Brabiieis LLP, 55 King Streel Manclieslor, M2 4LQ. b) Basis of preparation The financial statements have been pr¢parcd uiid¢r tli¢ histoi'ical cost coiiv¢ntioii with it¢ms recogiiised al cost oi. ti'aiisaclion value uiiless oili¢i'wise slated iii the rel¢vaiil iiot¢s lo the fii)ai)cial statement8. The finaneial stateinenls air prepared in slei'ling, wliich is the functioiial ciirrency of the eiitity. Monetaiy ainoiints 111 tliese fiii8ncial statements are roiinded to tlie nearest £. The financial statements have been pi'ep8red in accordance with the .8tatemenl of Recommended Practice.. Accounting ai)d Reporting by Cl)arities.' pi'epai'ii)g tlieir accouiits ii) accoi'dance with tl)e Financial Reportiiig Staiidai'd application in tl)e UK ai)d Republic of Ireland (FRS 102) issued iii Repiiblic of Ireland (FRS 102) aiid tlie Cl)ai'ities Act 201 l and UK Gei)ei'ally Accepted Pi'actice as it applies from l January 2015. The fiiiancial slateinents liave been pi'epared to give a 'true aiid fair, view and have depaited fi'oin the Charities (Accolints aiid Reports) Regulations 2008 only to the extent I'eqiiii'ed to provide a 'ti'iic aiid fail. view, This departui'e lias iiivolved followiiig AccoLiiiliiig aiid Repoitiiig by Cliarities prepariiig tlieir accoLints iii accoi'dai)ce with the Financial Reporting Siandaid applicable in Ilie UK aiid Rei)Iiblic of Ji'eland (FRS 102) issiied in October 2019 railicr than th¢ Accouiitiiig ai)d Reportiiig by Cliai'ili¢s'. Siat¢in¢iil of Recoiiiin¢nded Pi'aclice eff¢ctive froin l April 2005 wliicli has siiice beei) withdrawi). The Cliarily lias taken advaiitage of the piovisions in the SORP for Cl)ai'ilies applying FRS 102 Update Bullelii) I not to prepare a Ststcmei)l ofcash fr lows. T]1¢ Charity coi)stitutes a Pliblic benefit eiitity as defii)ed by FRS 102. c) Going concern basis The Ti'LlStees l)ave I'easonable expectatioii Iliat tl)e cliai-ity lias adeqiiate iesoiii'ces to coiitiniie iii opei'atioiial existeiice foi. tlie foreseeable futui'e with no matei'ial unceitaiiities conceming this ability to coiitiiiiie,. Iici)cc Ilic TrLlStees l)ave adopted the goiiig conceri) basis in prepai'iiig Ilie finaiicial slateineiils. d) Income All income is ItCOWlised once the cliarity lias entitleEnent to the iiicotne, il is pi'obable that tlie incoin¢ will bc reccivcd, aiid tlic atnount of income receivable can be measiii'ed I'eliably.
BRABNERS FOUNDATIOTrI CIO Notes to the Financial Statements For the period ended 30 April 2021 Ae¢ountin¥ Polieies- eontinued e) Donations in kind t)oiialed sei'viees ai'¢ included in incoming resources when the beiiefit to the charity is reasonably qiiantif12ble and measui'able. They are valued by thc trustee at the amount the charity would have been willing to pay for the service on the open market. Ei xpenditure Liabilities al'e re¢ognised as expenditure as soon as there is a legal or constructive obligation ¢oininilling the charity to that expendittire, it is probable that settlemcnt will be required, and the atllount of th¢ obligation can be measuiEd reliably. All expenditure is accounted for on an accrual's basis, ii)clusive of any VAT which cannot be recovered. All expenses including support costs and goveinance costs are allocatcd oi. appoitioned to the applicable expenditure headiiigs. Gi'ants payable are payments made to third parties in the furtherance of the charitable objectives of the Chai'ity. Grants are accoiinted for when eithcr the recipicnt has a reasonable expectation that they will receive a grant and the trustees have agreed to pay the grant without condition, or thc Itoipient has a reasonable expectation that they will receive a gllt and any condition attaching to thc gJiaiit is outside of the control of tlie Charity. Govei'nance costs are related to the govemance of the charity. such as accountancy and independent examination fees. Fund accounting Funds held by the charity are either.. Unrestricted fiinds which can be used in accordance with the charitable objectives at the discretion of the trustees; Restricted funds which can only be used for a particular i'estricted purpose within the charitable obje¢tives. h) FiJkan¢ial instruments The Cliarity has elected to apply thc provisions of Section I I 'Basic Financial Instruinents, and Section 12 '0ther Financial Instruments Issues, of FRS 102, in full, to all of its financial instl'Limeiits. Financial assets and financial liabilities are iEcognised when the Charity becomes a party to the contractual provisions of the instrument and are offset only when the Charity currently has a legally enfoi'ceable right to set off the i'ecognised atnounts and inlcnds either to settle on a net basis, or to realise the asset and settle the liability simultaneously. i) Financial #sset8 Oth¢r debtors which are receivable within one year and which do not constitute a financing tra115aclion are initially measiired at the transaction price aiid subs¢qu¢iitly m¢asured at amortised cost, being the transaction price less any amounts settled and any impaim)ent losses. j) Financial liabilities Fii)ai)¢ial insti'uments are classified as liabilities according to the substance of the ¢ontra¢tual ai-rangFcmcnts enlei'ed into. Trade and other creditors payable within one year that do not constilute a financing Iransaetion ar¢ iiiitially measured at the transaction price and siibsequci)tly mcasured at amortised cost, being the transaction price less any ainounts settled.
BRABNERS FOUNDATION CIO Notes to tlie Financial Statements For the pei'iod ended 30 Ai)ril 2021 Aceollntiiig Policies- continued k) Contingent liabilities A coi)tiiigei)t liability is id¢ntifi¢d aiid disclosed for those g17nts i'esulting fiom.. a possible obligatioii which will 01)ly be confirined by tlie occiii'rence of one oi. Inoi'e iinceitain fiitui'e events i)ot wholly witliii) Ilie tiuslc¢s' control. or a pi'esei)t obligation following a gi'ant offei. wl)ei'e sellleineiit is eithei. iiol eoiisideird probable. or the ainoui)t has iiot beeii cominunicated in the grant offei. and that amount Cannot bc cstimated reliably. l) Critical accounting estimatos and judgement8 The trLlStees believe that estimates and assiimptions do not Iiavc a sigiiificaiit I'isk of causing Inatei'ial differeiice to the cariying amounts of assets and liabilitie5 Wltliin tlie iiexl finaiicial year. Donations Unrestricted Restricted Total 2021 Total 2020 Donalioiis Donatioi)s in kind 29.553 29,553 3,575 10,586 3,375 3,575 29.553 3,575 33,128 13,961 Income from charitable activities Total 2021 Total 2020 Fundraisiiig 6,490 25,092 6,490 25,092 The total iiicomc rcceivcd from chai'itable activities of £6,490 (2020.. £25,092) was chai'gcd to uni'esti'ictcd funds. Charitable Activitie5 Total 2021 Total 2020 Grants to institutions (note 7) Goveii)ance costs 25,003 3,575 19,024 3,37S 28,578 22,399 Of the total expenditure on charitable activities of £28,578 {2020: £22,399), £25,003 (2020.. £19,024) was chai'ged to uni'esti'icted funds and £3.575 (2020.. £3,375) was charged lo i'esli'iLted funds. io
BRABNERS FOUTrIDATION CIO Notes to the Financial Statements For the period eDded 30 Api'il 2021 Governance costs Total 2021 Total 2020 Accoui)tancy Independent exam 1,000 2,575 1,500 1,875 3,575 3,375 The total governance costs of £3,575 was charged to restricted funds (2020.. £3,375). Cost of raising funds Total 2021 Total 2020 Fundraising events 236 1,501 236 1,501 The total cost of raising funds of £236 was charged to unrestricted funds (2020: £1,501).
BRABNERS FOUNDATION CIO Notes to the Finaiicial Statements Foi. the period ended 30 April 2021 Grants to institutions Total 2021 Total 2020 Forever Manchester Access to Jiistiee Livetyool City Regioi) CaiES MICAFI EMMAUS KIND Crisis UK Maggie5 Hoinebaked Aiifield Little Pi'iiicess Ti'ust Giv¢ a Diick EHI'IY Bj'exk Re-engage Foi. Ava Ferries Family Group Dai'by Rimmei. Foundation Liveipool cairs SiinfloweiE Royal Maiicli¢st¢r Children's Hospital Mai'ie Cui'i¢ CI)iLks 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 2,000 2,000 2,000 2.000 2,000 2,000 2,000 1,003 4,000 4,000 4,000 4,000 3,024 ,000 25,003 19,024 Total resources expended No staft'ai'e employed by the Chai'ity and no einployees I'eceived employee benefits of more than £60,000. Tlie Trustees I'eceived no I'emlineratioii and were not reimbiirsed foi. any expenses. 12
BRABNERS FOUNDATION CIO Notes to tlie Financial Statements For the peillod ended 30 April 2021 Taxation The Cliai'ity is exempt from tax on income and gains falling within Part I l of the Coi'poration Taxes Act 2010 or section 256 of tlie Taxation of Chai'itable Gains Act 1992 to the extent that these are applied to its charitable objects. io Debtors Total 2021 Total 2020 Amounts due from Brabners LLP 9,657 9,657 li Crcditoi Total 2021 Total 2020 Grants payable 2,000 2,000 12 Aiialysjs of fund¥ Balance at Income Expenditure Transfers 10 April 2020 Balance at 30 April 2021 Unrestricted Funds Rcstricted Fuiids 15,153 36,043 3,575 (25.239} (3,575) 25,957 Total Funds 15,153 39,618 (28,814) 25,957 13
BRABNERS FOUNDATION CIO Notes to the Financial Statements For the period eniled 30 April 2021 12 Analysis of fuiids (coiitinued) Balance at 21 February 2019 Income Expenditure Transfers Balance at 30 April 2020 Uni'estricted Funds Restricted Fiinds 35,678 3,375 (20,525) (3,375) 15,153 Total Fui)ds 39,053 (23,900) 15,153 13 Analysis of net Assets between funds Unrestricted Restricted Fi Ullds Total 2021 Debtors Cash in bank and in hand 27,950 27,950 Creditors (2,000 25,957 2,000 Total Funds 25,957 Uni'csti'ictcd Rcstrictcd Funds Funds Total 2020 Debtoi's 9,657 5,496 9,657 5,496 Cash in bank and in hai)d CIEditors Total Fiinds 15,153 15,153 14 Donations in kind Bi'abncrs Ll.P doiiat¢d staff tiine to l)elp set lip ai)d i'iii) tl)e adininistratioi) and fiiiance fiiiiction of the cl)ai'ity thi'oii¥lioLlt Il)c ycai.. Thc amoiint of this doiialion in kind cani)ot be qiiaiilified. Bi'abners LJ.P also paid foi. tlic independent exaiiiinalion fees foi. the eharity biit expected no payment froin tlie Cl)ai'ity for these. Detail of Iliis transaction can be seeii ii) note 2 and note S. 14
BRAJJNERS FOUNDATION CIO Notes to the Financial Statements For the period ended 30 Api'il 2021 15 Related Party Transaction5 Brabners LLP is a related party of Bi'abners Foiindation CIO, 2 designated members of Bi'abners LLP are also Ii'ustees of the foiindation. Brabn¢rs LLP hcld soine income and paid soine expenses on behalf of the chai'ity in the ycar as the charity banking processes were continuing to be setup. An amoiint of £7 (2020.. £9,657) was outstanding al the period end and was included within debtors and was ti'ansferred over to tli¢ charily bank account after year end. Donations in kind of £3,575 {2020.' £3,375) foi. donated services are included in incoming resources. These relate lo independent exam fe¢s paid on behalf of the charity. Donations of £1,000 (2020.. £Nil) wer¢ made by the LLP to the charity in the year as a contribution to Foundation activities and are included in incoming resources. 16 Coiitii)geRIt Liability The Brabners Foundation CIO undei'stands that in order to receive donations from untraced or dormant aecount clieiit fuiids the chai'ity must provide Brabners LLP with indemnity that sl)ould the entitled Icgal owncrs of th¢ moii¢y make contact with the firm or be traced by the firni then The Brabnei's Foundation will satisfy any legitimate claim put forward on belialf of the client by the fiiin. This contract was signed by the Triistees on 21 Mai'ch 2021. 15