￿*Th￿nber...1,18lIj2￿o.. Year ETrJed 31.1)e(wnbef 3)22 '8CD28D69 2910W2023 COMPANIES HOUSE *55 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£y￿S￿.t3.￿EwyJTc,,?Ic￿8F4. The Jim Ratcliffe Foundation Trustees. Report with the financial s*ments ￿ wJito￿. rewyt d the d￿lIab￿ 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 Au￿t 2023) of Associatr￿. The Flxnlatl(￿ was at House on 6 Few 2019 and registered with the C￿￿lty C4wissi(n for EIW ardl W*5 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 tr￿qlee$ 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 IM￿entIng a nwnber of reo)mmeTrJaliorts made by the Chaiity Commiss￿. The Founda11￿ ￿ also devekprs a wowamme for the 1￿UC110n ol new IDJstees. as well as wmkte Iraining fty its extsliNJ Il￿tte> 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 g￿t.n￿lry 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 rft5SeW￿na￿ to the at large" The Jim Ratcllffe Foundation Trustee5' Report The Foundation oper*s as a granl maker. FarKlati(m's makirwj policy is designed to enable the Foundalion to further its clkirilable rA￿￿Se$ tr* benefiL The Ijustees review the grant making p￿1￿￿ on a re￿llar bags k> ensure that rt reAe¢ts the Foundation's pU￿05e$. 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 Pr￿note blo￿￿er51ty in the wellands and fom￿ hunliw areas d Scthem Taroania. The Fourthkn made grarts lotdlYKJ $1.716.OW in order to threcty and indyecty support the actsvibes of the T￿nIan Wldl*e Research tsblute {TAWIRf) and Taroanian Nallon Parks Aut1￿ {YANAPA") in Sothhem Taroaria tr4: . Provile equipment ¢tirecty l indwecty to supwt TAWIRI and TANAPA lo Yuease the effeckness of their programmes, ind￿rIng n researth **nbfyry and ileg* aclivthes ¥￿In these new areas of NalK)nal Park. Otherprojects Adthtionalty. the a grnnt of £3.000 •) the i¥ealicfi of websttss, kn more dely disseminale irrtorniation these ¢harifaWe initialwes in Iceland and Tanzary In pre￿ouS fman¢ial yeats. the made gtants to The Cwchevel Sp￿ts Clth Erthw Fund. an w*ndent French registered dwity. to SW the 1x￿1n￿lIon of a ski dub builrfiw in Jr¢*evel. The building is operated by tr* Clth Des S[￿$ (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 aVa￿￿e lo the chilkn and youry people are members of the CDS and enswed Ihe sustslr￿bIIty aTrl of the CDS. The Foundalion has no WTffnediate plw to make further grants lo 5￿P￿t CDS. The Jim Ratcliffe Foundation Trustees. Report Financial reviv The F¢yJndation is supported by donaliLTh frcrfn its f￿er, SY Jvn Ratdiffe. Ckning the year. SY Jun Ratclrfle made dc￿alic¢s totsI￿r￿j £307,SCY) {2021: £25,865.841} IA> the Foundalion. readily identify and make grant ￿d5 lo ber￿￿rIeS in line wlh ts ¢h*ilabk 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 ￿ f￿d5 a￿ avali able and so no grantwould be gven rf it risked the Sustainab￿ty of the On that basis. the trustees rema confident that as a grant makww charity there are no ￿K*￿aintieS. 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 pu￿05e$ 01￿MpanY lawl are respo￿￿le 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 c￿TrPany t￿ requires the truslees *) Fyepwe fuwKial Sta￿15 for exh fw*Kial ￿ar. Under company Iw the InJstees must Th)t apFYove ts fi￿ncial 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 exw￿lti￿e. for that period. In preparing these f￿￿la] 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 busw*ss. expkin the chafit*e compan￿$ trartsaclions and dFsc4ose V*ith rea5(xthte accurncy at any t#ne the financial i￿?511￿)￿ of the tharitable C￿npanY and enab￿ them to ensure that the financial statements cornpty wth the C￿TrPanIeS 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 Pre￿kn arnl dete¢lion of fraud and other irregUlar￿e$. The Jim Ratcliffe Foundation Trustees. Report Disclosure of Information to auditor trustee has'taken steps that.they Wt to have taken as a InJ5tee r• rxder to make themsdves aware of any relevant *Jdit inffThation and 1> establish Ihat the eharitys auditor is awdre of thal information. The tru.stees confiffti Ihat Ihere is nD reknnt that Ilw kntyw (4 and of t**hich y. krrf)w the a￿lItor is unaware. Reappoinline"nt of ￿ditOr The auditots A2éts Services offw them5el¥e5 for Rapwrthient spclw)n 48712> of the Comwmes 2CLI6. .. and *g"ned on its S O Morfand The Jim Ratcliffe Foundation Independent Auditofs Report to the Members of The Jim Ratcliffe Foundation Opinion Statement of Cash FIDWS. and NDtes to ts FIna￿la1 Statements, irKludir4J a summary of signth¢ant accounting p￿l￿e$. The financial reF*kni frarne*￿￿ that has he￿ applied in Iheir preparati¢)n is United lfjryth)m Aco)unlirvJ Slarthrds. c¢)mpriswry ch￿111￿ 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 sl*e el the affai￿ as * 31 December 2022 *KI of its incoming resources and aPpl￿tIc￿ 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 desc*ibed in ts auditor fesponsibslties for Ihe a￿Jit 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(ThIb￿il1e5 in aecudance wilh these W￿￿me￿$. We beHeve that Ihe a￿1 evtdence we have cèlained is and appropriate b Provth a ba￿ for our opirion. Conclusions wewing to going ¢oncem Based on the we have perfomied. have r#)t vJentif*d any materi* uncertaints5 relating to events or ￿nditionS thac Thkn¢knlty or c￿le(￿l￿ety. may casl doubt on the dwivs abilty to continue as a going oJrK*m fr¥ a pertc*J of at *a5t nwlhs frcrfn vthn the rna￿18[ Our resp￿s￿l ililies and the resp(xthlilies ofthe Imstees respect l) concern ¥e des(xibed in Tdevant sections of this rqxxt. Other inforniation rformation included in the annual report other fu￿￿la1 statern￿ and our auditor's report Ihereon. Our (Vini(￿ on the statements does rnt eobv Ihe other Inforn￿ll0n and. except t¢ conduston thwe(m. vrfomation and, in doirKJ so. constder ￿ether the other infom)aticm i% materialty incortsislent vAth Ihe fnanryal ststements or kr￿dge otrrtained n the ithThAse appears to be matwial m￿stated. ￿ we identify s￿h materd inwtsistenc*$ ￿ appamt material misstatements, we are required to detemiine Ythethw thwe is a materia misstatement n the finanrAal statements ￿ a m*rial m￿s￿lernent of the othet Infl)￿T￿lI￿. 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 noth￿8 to ieF*Xt in this reg¥d. Opinlon on 4)ther matters by the Companles Act 2(#)6 In our opinion. based the *vrk wKler*en in the c(xwse of the auL*t In tr￿ light ol t)ur knTh￿dge undets*thJ cl the lis environment Obtaff￿ ￿ the to rqxyt to you rf, in our ' adequate a¢c£ll￿ting rect bisiled by us,. tx Responsibilities of tvustees As exPl￿ned moffe fijlty in Ihe Staternent d Tfttstees. ReS￿￿lI1es (set t>Jt ori page Sl, the INgtees are iespmsible for tre weparation of the financial statemerts and ft¥ being satisfied that they a Irue and ￿r view. and for such intem* as the trustees delerniine is necessary to enable tr continue as a gotng ccrfKem, disd0￿. as argkale. mattets related IL> going concem and using the going con￿rn basi4 of acwmkng unless the trustees eithtr intend to liquidate the or to cease operation5. lx have no reabtic allematibp th" so. Auditorfs re5ponsiknilities fw the ol the financ￿ statem Our oty'ectives are to obtain reasonable assurnnce ab(xrt vAthr the fnantial $tatements as a whole are free from rnaterial misstate￿. knthether thJe lo fra￿j ￿ error. to issue an audilofs feport that includes w opinion. Reasonth assurance is a h*Jh thl of assurance. bui 15 not a guarantee that t4￿dUcted in acconlance IS45 {UKI knryll ah¥ayJ detect a matuial misstslement vthen it exsts. Misstatements can *+se Iron fraud CY err(x * are on$N$￿ed material rf, ￿d￿IduallY tsken on the basi5 Oftt￿ filya￿￿al slalements. Irregularilies. 1nckrfl￿ fiaud. are Instan￿ of IM and regulatims. We des Procedur￿ in line wilh ow reSp￿￿￿1111es. th. to deteet rnaterial mi5Stalements in res of I￿egUlaTI11e5. induding fT*xI. The extent *) wthich C￿ wttedures are cyble of d*ding reg￿aribes, inctudiry fraxl. is (*iled belovr. . V&bJWSWt￿knTlaItstsY&&￿N£1 V￿￿6￿A*.J2I8￿s•2(kmol*jtspsT iufc+1lD¥JP 111L5 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 Ch*ilies Art OW¥￿ to the r*went knitslions of an audi( thwe is iisk IIAt some material misstatfftnts in the financ￿1 5tatemerts may rnt be detected. e¥en though the audit is properfy planned and perfomied in accordanee v￿th Ihe ISA8 (UK). For rstsr•ce. the luriher removed norbkncxjmpliance is frcrfn the events and transaclK)n5 refieded in the finar￿01 statements. the less l￿dY the audtttir is to becune aware of it or recogrlise the nOrH￿phan¢t. A frjriher dewtson cl our resporNbilibes is avaiL*de 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 cTh￿ other than charilable ¢(￿panY and its truslees as a body. for tyjr audit , for this repth1'. or Ihe ryini(m5 V*t have fty￿￿d. &man 8rovm BA ACA i)ChA ISenK>r Sl*rtuy A￿lit￿> For aKI on behalf of Azets Audit SeTYiCeS stakntsy AuditOT Bulman House Regent C Newcasle upon T)ffte NE3 3LS Azets Audl Seryices is a trading name (*Azets SwYKe5 Lvni 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: Ch￿ilable acb¥rties 1181,134 .181.134 2.181,134 1181.134 841.868 841,868 Total EXp￿dIti￿e 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 Re￿i¢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¥gTW4*1kn7R•t.VY+bTrWI42J029S¥*2fQJW..￿￿1￿5T0￿c*I1D￿a 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 fUl￿S 23,585,529 25.300.168 23.585.529 . 25,300.168 Tolal funds. 17 The firbanual statements'on page5 10 to 23 wwe wth*d" ty.the Ints*e5, for issue on 2wJrAw... and Stg￿lI 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 (exwldittreyr￿I1me AdjustiMents"to cash llows fro.m nonvm rnnt of cash are suty'ect to an inS￿n￿￿￿ 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 dassif￿d 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 w￿4ndItiOnal nght to defer Fweigft exch Transactiuts in foreign c￿[en￿ts *e ¥ec(¥ded at the r* of exth'awe * the d*e *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 l￿derla￿en 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 G￿￿Tal 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.sd￿dIie 6 of the Finance Act 2CiiO.. and.:therefore it":rneets:.the'defnrtion of:a "c**Ilab￿ oxnpany".for. UK,: I￿￿10Th 'tax purposes.. Acoirdingty.. the.¢harity. is potsntslty exempt frwn taxalion fft respecl of or capital gains, received ￿￿thIn CAteg￿leS ¢#￿Ted by Chapter 2 P•i'11 of the Cw*in 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 ￿Pay￿eilD 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 tr￿n irnll?￿dUals y￿￿En 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 trj￿k 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. EXCh￿ge 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 tr￿a¢ll0￿9