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Tbe Jim Ratcliffe F.1ndatIOn contents .10 12 Slatementaf Cash FkyAG T3
The JIM Ratcllffe Foundation Reference and Administrative IDetails JF&Ivts J P mayx*.fr 31 W.2023) Somork J E aifton'(appuinknJ. 1 W. .2W) S043 7FG Coryiany RegislTrtiI Nwrthr. 1181024(i W1K 1AF BiilNian Pl(xtse NE3 3LS
.&..W8'Z8£yS.t3.EwyJTc,,?Ic8F4. The Jim Ratcliffe Foundation Trustees. Report with the financial sments wJito. rewyt d the dlIab c¢mpany ftf the ar ended 31 Trustees J F Ginns J P Mayod( Ireswed 31 Juty 20rJ) S D M¢xland J E Clifton 1 Aut 2023) of Associatr. The Flxnlatl( was at House on 6 Few 2019 and registered with the Clty C4wissi(n for EIW ardl W5 29 May 2019. The vmnt tnjstees Of the are J F J E (Jkn S D Morland. The Foundalion Iwstees are all volunteas do not recei4 pawnent frun the F(XYKlation. SFnce year end the trqlee$ d Ihe F(¥#thli have been engagry vrith the Clwrlty Faundalion. This PTOCtsS has r teen fomialy c(rthed by the Chwity Commission. and the ImJstee5 of Ihe Foundation are IMentIng a nwnber of reo)mmeTrJaliorts made by the Chaiity Commiss. The Founda11 also devekprs a wowamme for the 1UC110n ol new IDJstees. as well as wmkte Iraining fty its extsliNJ Iltte> Rlsk Monagwnent The trustees mider the rn risks to knthieh ts F(xYKlati Try be exposed at trustee Public benefit The Twstees have cc¥nplied Sed1 2(1Xb) of Ihe kt 2011. havry regard to tho Chaiity Commisston's guidance ¢)n public beneft re¥www the FourthtrM's and obje¢tives. vthen settiw ts gt.nlry and in mkng awards.
The Jim Ratcliffè Foundation Trustees. Report Objects and alms see fft from ltine lnrknli.ng txrt ilxyrt exdwv. advanciTrJ etsation for ts public benefft n the conservation. proteclion and wnprovement of ovided that the usem rnsults aJe rft5SeWna to the at large"
The Jim Ratcllffe Foundation Trustee5' Report The Foundation opers as a granl maker. FarKlati(m's makirwj policy is designed to enable the Foundalion to further its clkirilable rASe$ tr benefiL The Ijustees review the grant making p1 on a rellar bags k> ensure that rt reAe¢ts the Foundation's pU05e$. htovements and PwfomwKe IGeland. conswvadon olNorth Allandc Salmon prtsjramme Di leetarf vthtch Seeks to revetse the dedne ofthe Noth saknon: The Fourthticn made totallirwj QSS.191 in wder ts sWJWt a W•¥JE d axwvakn and outeanes in the mediwn arKI lryvJ temi; aml The FoundalIc aso conlinued to supwxt conservatrcffl inrfiatrts to derst. wotert and Prnote bloer51ty in the wellands and fom hunliw areas d Scthem Taroania. The Fourthkn made grarts lotdlYKJ $1.716.OW in order to threcty and indyecty support the actsvibes of the TnIan Wldle Research tsblute {TAWIRf) and Taroanian Nallon Parks Aut1 {YANAPA") in Sothhem Taroaria tr4: . Provile equipment ¢tirecty l indwecty to supwt TAWIRI and TANAPA lo Yuease the effeckness of their programmes, indrIng n researth nbfyry and ileg aclivthes ¥In these new areas of NalK)nal Park. Otherprojects Adthtionalty. the a grnnt of £3.000 •) the i¥ealicfi of websttss, kn more dely disseminale irrtorniation these ¢harifaWe initialwes in Iceland and Tanzary In preouS fman¢ial yeats. the made gtants to The Cwchevel Spts Clth Erthw Fund. an wndent French registered dwity. to SW the 1x1nlIon of a ski dub builrfiw in Jr¢evel. The building is operated by tr Clth Des S[$ (EDS'I. a French not.for-profft assoraalion vthich aims to wovhye the c4)pNlimity f( ehTri tren arrtl sq)ung pe¢*. of all backgrounds in the local Courchevel area. lo have a chance of developing and enjoying alpine sport actsvrbes. The ski dub buikling ha$ improved the faclibes aVae lo the chilkn and youry people are members of the CDS and enswed Ihe sustslrbIIty aTrl of the CDS. The Foundalion has no WTffnediate plw to make further grants lo 5Pt CDS.
The Jim Ratcliffe Foundation Trustees. Report Financial reviv The F¢yJndation is supported by donaliLTh frcrfn its fer, SY Jvn Ratdiffe. Ckning the year. SY Jun Ratclrfle made dcalic¢s totsIrj £307,SCY) {2021: £25,865.841} IA> the Foundalion. readily identify and make grant d5 lo berrIeS in line wlh ts ¢hilabk obj'ects. The level of reserves at the end to £23.585.529. The Intste continue actrRty identify and Plans for future wiods Going concerii The F)undaticfi a strry balance sheet at ernl ith cash b•lIn 01 £21.239.870 (2021: £21.585.826) ar net current asset% of £26.510.970 (21r21: £28.655.563). The FoundalIc has kntkd ciye c4)sts li)ffjrfies m• expenditire relatry to grants avarded to third party Grats Wdrded fd5 a avali able and so no grantwould be gven rf it risked the Sustainabty of the On that basis. the trustees rema confident that as a grant makww charity there are no KaintieS. vrtxh cast %gnfficant dcMJ)t on the Foundalion's trj Ix)nlinue a5 a gjing Statement of Trustees. Responsibililie5 The truslees We also the directlX5 ttf Thè Jin Ratdfvye fix the pu05e$ 01MpanY lawl are respole for wying the trustees, rep(xt ar¥J the financial stalements in aco)rdan¢e wlh the Uniled K¥¥Jdom A£c¢tsrO stan (Unthl Genwalty Accepted £¢ounling PractiLY) and appli¢able law and regulation cTrPany t requires the truslees ) Fyepwe fuwKial Sta15 for exh fwKial ar. Under company Iw the InJstees must Th)t apFYove ts fincial statements lesS they ¥e satisfied thal they gve a Irue and fair bryew of affai of the charilable company and of its incoming rexwrces and 4)plicall of resour. irKludvwJ its inc4Jme aThJ exwltie. for that period. In preparing these fla] slatwnwts. the Intstee5 are required kn: . prepare the finanoal statemerts on the goirwJ concwn basi5 lesS it 15 to presume Ihat the charitable c4mpany conlir•Je in buswss. expkin the chafite compan$ trartsaclions and dFsc4ose Vith rea5(xthte accurncy at any t#ne the financial i?511) of the tharitable CnpanY and enab them to ensure that the financial statements cornpty wth the CTrPanIeS Aci 20rh. They are also re¥51) lor safeguarding the assets of the charitable o)mpany aThl hence for l&kiTrJ rea steps kn the Prekn arnl dete¢lion of fraud and other irregUlare$.
The Jim Ratcliffe Foundation Trustees. Report Disclosure of Information to auditor trustee has'taken steps that.they Wt to have taken as a InJ5tee r• rxder to make themsdves aware of any relevant Jdit inffThation and 1> establish Ihat the eharitys auditor is awdre of thal information. The tru.stees confiffti Ihat Ihere is nD reknnt that Ilw kntyw (4 and of thich y. krrf)w the alItor is unaware. Reappoinline"nt of ditOr The auditots A2éts Services offw them5el¥e5 for Rapwrthient spclw)n 48712> of the Comwmes 2CLI6. .. and g"ned on its S O Morfand
The Jim Ratcliffe Foundation Independent Auditofs Report to the Members of The Jim Ratcliffe Foundation Opinion Statement of Cash FIDWS. and NDtes to ts FInala1 Statements, irKludir4J a summary of signth¢ant accounting ple$. The financial reFkni frarne that has he applied in Iheir preparati¢)n is United lfjryth)m Aco)unlirvJ Slarthrds. c¢)mpriswry ch111 SORP . FRS 102 Yhe Financial Repth1ing Stand¥d applicable in ttie UK Repjblic'of Irelanrf arwj appwe Iw (Unbted ngdoM In w opi11¢ Ihe finwcial slatsrwts: e a far of the sle el the affai as * 31 December 2022 KI of its incoming resources and aPpltIc of restyjrces. WKthhlir¥J ils aTrl expenditure for the yEar then endéd: Practi¢%: Basis for opinion We conduthd our in a0c1ydw wilh Stsxlards cn Authling {UKI {ISAs (UK)) •KI aOicable law. Ow responsbilibes urKler those stWKlarts e furthu descibed in ts auditor fesponsibslties for Ihe aJit of the ffiarK4al ststemenls sect of ow reporL We are independent of the chwity aC{anCe with elhi¢al requirements that ¥e rfevant to our audit of the firwicAI statements in Ihe UK. the FRC'S Elhical Sta. the wovi5ions aThlable for small enlilies, in Ihe circumstances set note to the slaiements. have lulfilled our her ethical reSp(ThIbil1e5 in aecudance wilh these Wme$. We beHeve that Ihe a1 evtdence we have cèlained is and appropriate b Provth a ba for our opirion. Conclusions wewing to going ¢oncem Based on the we have perfomied. have r#)t vJentifd any materi uncertaints5 relating to events or nditionS thac Thkn¢knlty or cle(lety. may casl doubt on the dwivs abilty to continue as a going oJrKm fr¥ a pertcJ of at a5t nwlhs frcrfn vthn the rna18[ Our respsl ililies and the resp(xthlilies ofthe Imstees respect l) concern ¥e des(xibed in Tdevant sections of this rqxxt. Other inforniation rformation included in the annual report other fula1 statern and our auditor's report Ihereon. Our (Vini( on the statements does rnt eobv Ihe other Infornll0n and. except t¢ conduston thwe(m. vrfomation and, in doirKJ so. constder ether the other infom)aticm i% materialty incortsislent vAth Ihe fnanryal ststements or krdge otrrtained n the ithThAse appears to be matwial mstated. we identify sh materd inwtsistenc$ appamt material misstatements, we are required to detemiine Ythethw thwe is a materia misstatement n the finanrAal statements a m*rial mslernent of the othet Infl)TlI. 11. basal on the work we have perfomied. we conck
The Jim Ratcliffe Foundation
Independent Auditorfs Report to the Members of The Jim Ratcliffe
Foundation
We noth8 to ieFXt in this reg¥d.
Opinlon on 4)ther matters by the Companles Act 2(#)6
In our opinion. based the vrk wKleren in the c(xwse of the auLt
In tr light ol t)ur knThdge undetsthJ cl the lis environment Obtaff the
to rqxyt to you rf, in our
' adequate a¢c£llting rec
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The Jim Ratcliffe Foundation
Independent Auditor's Report to the Members of The Jim Ratcliffe
Foundation
Because of the field fft vthich the opwates. idenlified Ihe frJllowirKJ areas as those mosl likety
to have a materFal impact on the financtal statements: c4Nnpfwrte vAlh the UK Companies Act and Ihe
Chilies Art
OW¥ to the rwent knitslions of an audi( thwe is iisk IIAt some material
misstatfftnts in the financ1 5tatemerts may rnt be detected. e¥en though the audit is properfy
planned and perfomied in accordanee vth Ihe ISA8 (UK). For rstsr•ce. the luriher removed
norbkncxjmpliance is frcrfn the events and transaclK)n5 refieded in the finar01 statements. the less
ldY the audtttir is to becune aware of it or recogrlise the nOrHphan¢t.
A frjriher dewtson cl our resporNbilibes is avaiLde on the Fmaneial ResK¥ting Council's vthile
at www.frc.org.uklaudilorsrespLThibilities. This desuptsM forn part ofour authtorfs report.
Use of our report
This rewt is made solely to the chwilth c
The Jim Ratcliffe Foundation Statement of Financlal Activities for the Year Ended 31 December 2022 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) {A8 festatedl Total 2021 2022 385,5 385.5W 29A45,729 221.137 221.137 41.798 Total Incrfjme e.837 006.637 29.487.527 Expenditure on: Chilable acb¥rties 1181,134 .181.134 2.181,134 1181.134 841.868 841,868 Total EXpdItie Net (expeThlitureYincome Other recognised gains and losges Other gainslllosses) {1.574.497) (1.574.497) 28.645.659 12 140.142 140.142 225. (1.714.639) {1.714.639) 28,871.609 Rei¢ll1atI0n of funds Tolal fuvrad 25.31Y).168 25.300,168 (3,571.441) 23.585,529 23,585.529 25,300.168 T¢)lal funts raffled foThYard 17 The furKls tKeakdty¥n 2022 is slv*m in nctt 17. 10
The Jim Ratcliffe Foundation Comparative Statement of Financial Activities for the Year Ended 31 December 2021 (Including Incomé and Expendlture Account and Statement of Total Recognised Gains and Losses) (As rtstated) Total 2021 Inc¢)me and End¢Mnenls from: Donaliorts and legaues 29.445,729 41.798 29A45.729 41.798 Total income 29.487.527 29.487.527 Expendittire (m: Chaiitable xliwlies 841,868 841,868 841.868 641,868 Net e4)rne 28.645.659 28.645.659 Other recognised gains and loss•s Other gainsllosses 225.950 28.871.609 28.871.609 Reconciliation of Totsl fund5 kyoU {3571.441) 25.3(KJ.168 13.571.441) 25.3CKI.168 17 11
rty¥iATrBIL¥gTW41kn7R•t.VY+bTrWI42J029S¥2fQJW..15T0cI1Da p 141 The Jim Ratcliffe F.oundation IRegistration number: 11810240) Balance Sheet as at 31 December 2022 IAS restated 2021 ilote CuTrenl assets Debto Ish at bank and in hand" 13 14 5.578.(A)o 21,239.870 26.817.870 7.445,729 21.585,826 29,031.555 375.992 Crerfrtors: Amounts falling due within one.y Total assets less'current liabilities 306.900) 26.510.970 28,655.563 13.355.395 25.300,168 Crethtors: Amounts fa'lling due after more than one yw 16 2.925.441 23.585.529 Fund5 of the ch.wity: Unrestricted income funds Unre5tricled fUlS 23,585,529 25.300.168 23.585.529 . 25,300.168 Tolal funds. 17 The firbanual statements'on page5 10 to 23 wwe wthd" ty.the Intse5, for issue on 2wJrAw... and StglI on their l>éha" IE by. S D Mcmland 12
The Jim Ratcliffe Foundation statement of Cash Flow5 for the Year Ended 31 December 2022 IAS restated) 2021 Cash flows from opeTatmg athilws Net eash (exwldittreyrI1me AdjustiMents"to cash llows fro.m non<ash items In%ie5knent inctvne (1.714,639) 28.871.609 (221.'13D (1.935.776} 41.798 28.829.811 w0•ng capilal adjustments Decreas&llincreasel in debloTS (Decrnase)fincf&W in CrertarS 13 1.867.729 {7.445.729j 369.092 15 363.992 (437.139 21.748.074. C05h Ilows from investing aclivilies Interest receivable and simif.rKome Cash Ilows fr11 financing aclNfties Repay7nent of 5 and 16 (129.954) {224.493) (345.956) 21.585.826 21.239.870 21.56S,379 20.447 Cash and cash equbvents at 31 Oecemi)er 21,585.826 .13
The Jim Ratcliffe Foundation Notes to the Financial Statements for the Year Ended 31 December 2022 1 Ch¥ity stus have share ca1. Each of the Irustees is fiabte k ¢ontrxAe an not ex £1 towards 2 AccountNw policies The prineipal accounting pdi¢xes aptAKd in the F¥eParati of Ihese financial statements are set out The financial statements have been wepared in aco)rd¥Ke wth Aco)unling ar#1 Repting by ChaiTbes: Statement cl Ree(¥nmended Practi to tharthes wepartng Iheir accounts in accordance IMth the Finan¢tal Rewb"ng Stsndard apreable in the UK Republic of Ireland IFRS 102) (effective 1 January 2019) - (chare$ SORP (FRS 102)). Ihe Financial Rewting Standard al¢able in the UK and ReprIe of Irela (FRS 102). Tly also th the Companies Aet Basis of preparntion The Jim Ratdiffe Fthat meets the definilicm of a wblic ben tity un¢kn FRS 102. Assets and liabiltrs are inilialty recognised at historKal cost Va Un$5 Othe ststed in Ihe Going concern The trustees ccnsider that there are no material )CertaintieS aLwxrt the charityls abj'lty to contirn as a going concem nor any Srnfi¢ant eas of Ihat affect the er value of assets held by the tharity. The Charty has a bal¢¢ sheet at end 1th cash baSancts of £21,239.870 and net Jrrent assets of £26.510.970. The chartty has IDnrted cxe c4)sts fiabilitse5 th the main exper•rture relatro to grants Wdrded to thrd party ganIsat. <knts are onty awarded vthere funds are avaiiabFe and so M gant woukl be rf il risked the s{tainabl1 of the charity. that 5ignifi¢ant doubt on the ablty to ccmlwwje as a going c4)ncw Prity period res¢aternent provision of additsonal evidence has been reclassifi as reStrIcted. The restatement has rectassthed opening balance of as at 1st Janu 2021" moving a defficit restricted fund balance £3.579,888 to £nil aThl an unrestricted fund balance from a swplu$ posikn of £8.447 to a deficit posib(m of É3,571,441. It has afso reclassffied donations received in the 2021 year end of £3.579.888 frun restricted lo unrestrthd. aTrJ closww r¢ser4es as at 31 14
The Jim Ratcliffe Foundation Notes to the Financial Statements for the Year Ended 31 December 2022 Estimatlon uD¢vtsinty and ludgements There are considered to be no significant j•ments estimates Ihat management has made in the fYiancAal slatements. Incoin8 and endoivm All in¢ome is rec¢)nised on¢e the chary has enbllemem to the inD)me. tt is wobable that the in(¥)me Donations and legacies settlem1 date. In event thal a is kn]'ect to condiiions that require a le of perf0mlte by the dwty tsefo tr is enliued to Ihe fwth. the is defeed and rnl fewgnised til either those ccThlblicffjs are or the fvlfflmffit of conditss 15 vthol Investment income Expenditixe All eXF1re 15 recwssed once Ihere is a legal LY ¢struce oblwatscm lo that expendibjre. it 15 probable selttement is required arnl the amount can be measured lbly. AJI costs are all¢xated to Ihe appltcable exKIlre heading Ihat aJgreg simiLar costs to that categiyy. Whwe o)sts ¢4not be dire¢Uy athilxrted to w"1ar helY ty have len aated an a ba%s ¢cffisislent wih the use of resources, central staff costs allocated the basis of time. spen( arid depreciatv)n Charitable activities Charitable expendijxe corrwises thrm c051s ¥wred by the ¢h•ity in dththy of its aclivitses and ser¥ices f its beneficiwies. It Iude5 both Msts that be alkn¢*d thcty to such aclivilies Goveman¢e costs 15
The Jim Ratcliffe Foundation Notes to the Financial Statements for the Year Ended 31 December 2022 Yaxion and thereftye it meets the definrbm of a law1tsb rAynpw for UK tr[mI10n lax purp)ses. A¢cordThJty. the cArity is potentiaty exempt from taxati Ki respect of income or capilal gains rertived categor5 (viered by Chaoer 3 Part 11 of the Cryralton Tax Act 2010 or Secli¢)n applied exclusi¥etry to (thailth purF¥Jses. Trade debtors we re(¥wised ltyalty at the price. Tlw are subsequenty measured at impairment oftrade debtors is established kn thère 15 0"eCtive evidence that the rjwity VAII rb)t be Ible to collecl all amtymts to the temts ol the receivth. Cash and ush equivalents Cash and cash quivalents (XXTVi fAsh h¥KI cal depwits. and oiher s1h.tern1 lyghly liquid In$1men15 that are rearfity conva1th to a krK>vm rnnt of cash are suty'ect to an inSn risk of¢h¥fje n Ya. Trade Creditors Trade uedrtOf5 are obliyabuB to pay for g¢¥)ds ry seryKes Ihat have been acquired in the ordinary coutse of business frc¥n suppliers. Ac4>)unts dassifd as affrent Imknlities rf the charity does not Iwve an unc<r#licnal at the end of the reFxxlwwJ to defer selvement ot the Ixedil for at least mcth after the le1KXt date. 11 there is an w4ndItiOnal nght to defer Fweigft exch Transactiuts in foreign c[ents e ¥ec(¥ded at the r of exth'awe * the de ifthe transaction. reported at the rates ofexchange preVad¥ at that d. and their balance sheets at the rates fuling at the balar sheel date. Exdwnge differerKes arising on translation of the openirwj net assets and reyAts of ovefseas LywatiMs are feported in crtt comwehe"nsrve inrxjme acamufated in equty latiritxrted to r•)WA)thUing ntere5ts a5 appropriate). Fund strudure 16
The Jim Ratcliffe Foundatlon Notes to the Financial Statements for the" Year Ended 31 December 2022 3, knGom¢ from donatsons and legacies Restricted Total 2021. £{A5 .liin¢is' 2022 rionat1( froin irmiwduals 78.C 7.:445.729: Total fLY 2022 385. rol fu 2021, 29.445.729 4., Imiegtmenl income Tiital 2022 2021 ¢leposiis' T¢lal fty 2021 221.137 41.798 ,41.798. ,17
The Jim Ratcliffe Foundation Notes to the Financlal Statements for the Year Ended 31 December 2022 Total Chaiilable acbths Governance Costs 1174,153 6.981 1174.153 6.981 181.134 831.884 Totsl ft¥ 2022 841.868 Ttxal kr 2021 841,868 841,868 Activity Adi¥ity lderlaen support 2021 Charilable acbiitses 1174.153 Z174.153 6.981 831.884 6.981 Tdal 2022 1174.153 6.981 1181.134 841.868 18
The Jim Ratcliffe Foundation Notes to the Flnanclal Statements for the Year Ended 31 December 2022 6 *mlysis of governance and PpOrt ¢osts 'lunds GTal Total 2022 Total funds Au(lit fees Audit of the financial ' statements 5.250 1.650 Legal fees 3.540 81 81 Total for 2022 6.981 6.981 9.984 Total ftf 2021 7 Net incomingloiitgoing resourtes S,250 1.650 4'.620' dunn9 the year. 9 Staff costs The F(wridab(m Iwl rn emthEe5. du_iirvJ Ihe Far. No remunera11) vrds wd k¥ key rnanagwnent the y. ,19
The Jim Ratcliffe Foundation Notes to the'.Financial.Statements for the..Year Ended 31 iDecember 2022 10 Audit9rn': remuneratson. Xi22 Audit i)f the" flrianeial Slatern. 5.250". 4.620.. Other fees to audtto The ¢haiity is ¢4)nsidered b pass itr itests set out in PWagraptri"1.sddIie 6 of the Finance Act 2CiiO.. and.:therefore it":rneets:.the'defnrtion of:a "cIlab oxnpany".for. UK,: I10Th 'tax purposes.. Acoirdingty.. the.¢harity. is potsntslty exempt frwn taxalion fft respecl of or capital gains, received thIn CAtegleS ¢#Ted by Chapter 2 P•i'11 of the Cwin Tax Act 2010 Lir.Seclicffi,' 256'of Ihè'taxation of Charge-abtè Gairis"Ad 19YI kn Ihé ext siich mc(¥ne or gairts are applied,, 12 OlheT.réce*gnised gaiiis and loss relate to the forex movemert m the r(¥n that ha51)een.pr(Mded tr> Ilie thwdy.in Eiiro's. 13'Deblors 2022 2021 Atirued in¢oryie .14 Cash and cash equi¥aknts 2021 ' 21239.870: 21,585.826.
Th-è'Jlm Ratcliffé F.ouridatiori Notes:to the'Financial SLqtements'for.the'.Year Ended 31,December 15 Creditors: amounts falling due wrfiiin on* y¢•r". '2021 .375.992 .375,992. 306,90iI. ¢Jn 1'W.il'2020. a 61.IXK),(YX). 11"WaS maile:avaWe IKJ the CtrArity'by ts frAAKl8. The'loaii',is inte-rest free and.is repa>2b in fvll by..311'Marth-"2024. A'.post.:r, end Peed o! Rèlease. "vrds., granted.,this.vAived'£300.IXKI (23rd i•iuary 20231 is to ije leaSed in,Ihe financiair 16 Creditors: amounts fallirigdue after one y 2022 . 2021 1925.441 inte'rest.free and4 is PayeilD ful by"31 MaTth 2024. .A Dee£l of Release. Ivas granted dunThJ' January.2021 This has £307,500 itrthirli:ha5 beéri released iii tlie"ciwrent S.and shovm as Doriatson trn irnll?dUals yEn the SOF. 21..
The Jim Ratcliffe F.oundation Notes to the Financial Statements for the Year Ended 31 December 2022 17Fw Balance at Balance al other U#réstrlct¢d fwMIs 25.3.168 606.637 1. 23,585.529 1181.134 140.142 Balance at 31 Incoming Resour¥ recogni$ed December g•bnsl(lossts) 2021 Balanc¢ at l January Ilnrnstricted 3.571A41 841.868 29.487.$27 . 225,950 25.3¢X1.168 Total funds at31 Dxemb 2022 Unwe5tricted lund5 General 26017,870 (X6.900) ,925.441 23.585,529 26.817.870 (306.90D) 2,925.441 23,$85.529 Current liablilies TOLI net"assels Unrestricted Tolal funds funds at31 IAS Test*¢d) Decem .2021 IAS restated) 29.031.555 {375.9921 .355,395 25,3,768 29.031.555 (375.992} 3,355.395 25.300.168 Cwreiit Wilths Credibl5 over 1 y Total Mt assets
The Jim Ratc"liffe" Foundation Notes'to the Financial Statements'for tlie".Year Ended.31..December 2022 19 Anatysis of n4t funds At 1-Januxy 2022 .Ex¢hange. Waiverol 2022,. Cash at trjk and in hand.. Debt thje ¥thIn (345.9 21;239.87Q, Debt due after 3.355.395 i7T.546 177.546 .18.230.431 .18.014.429. EXChge 20 '2021 Cash at bo in nd Det>t due after more onè 21,585.826.. Net fuThJs '.21.565.379 ,18230.43i 20 Related pwty tra¢ll09