Charityregithtionffjumbw. 1189045 The Richard Porter Family Foundation (A¢ompary limited by 8yrnl¢o) Annua] RoportdFinSlll Sta¢em¢nts fortheYeArEnded 31 Dee*mber2023 Wesdake aarkALIF 7 Lynwood Court Pri¢sil8Mth Plie LymiD8kn HAmpshi S0419QA
Th¢Rkhard Port¢r F#mlly Fouwla¢ion Contents Slxlt 7&)12
The Riehard Porter Family Fouudatlon Refer¢n¢¢ Ind AdmhLthtlv¢ Dethlb RMPthtsr DMRA RMPthl Pthdp41 Ollk• 10 BH23 IBZ 16 t¢sAYe BH23 IBZ 12021533 w¢s¢l8k¢cAi1 U 7LYnlK Cmt Pffiestl4nd5PIK4 Lymin $0419GA
Th¢ Rl¢haTd Porter F8mlly Foundatlon Trns¢w' Report The tnsttts pre¥eni the attn1 r¢wt llnon¢iil slatents of the chorlty for tho yetr •tthd 31 De¢¢rnber 2023. Th¢ finth¢knl 8tAtMi¢nts bEM prepArtd In oc¢Ordats wlth tho ac¢ountlDU pollcl¢s $¢¢ oyl kn note i to th A¢counts ind wnply ivith the ¢hHrity'l constltutlon. ihe Chariltes A¢t 2011 llnd Ac¢oulllin8 alld ReportlThB by QhDtl¢. StsttLenl of Re¢omMeKded Pr4¢tio applicwbl¢ to ¢hwl¢ks pr¢pgrin8 thELr a¢counls In 8c¢ordance wlth the Fitt¢1•1 ReportiDB Stsnderd applk•bl¢ in the UK •pd Republlc of (FRS 102) (eff¢¢tlv¢ l January 2019). ObJectfvH andAttlvk The inte ¢onnrm tha¢ haveeomplled wlih th¢ Y¢quir¢m¢nts of3¢0 17of th¢ TharitlesAd2011 to hAve thi¢ r¢8RTd ts Ili¢ public ben¢fit 8uidBnce publishcd by the Charlty Commbsion forEngliThd andW8ks. FlnaDelal ObJ&AsdPlldel The¢hAr1$8¢t1VltleS e%pos¢ li nwnberof financial rlsks includlnl ¢wJlt d. cash tlow r19k¥t Ilquldlty rl8k. Thp use of fin•n¢tsl d1¥&V¢S ts 8ov•rnod by th¢ ¢harity'$ pollcle$ approved by th¢ L¥>ird of kn131¢ ivhl¢li provlde wrfiten piin¢iples on thu us¢ of finartdal derlvilives min0 rlsks. Thq ¢h•rlty do¢s nol 111¢ dorivatsve fiLIA¢hl uistvuments for5p¢¢ulailv¢ purpJMI. RrfsdrvuPol Tht chftrfty requlrnb Ild * te•st£J,000 In r¢BprveB to cov¢rthe CWAtloRIl ¢oJtsofthe buslnejj for l¢•sl A monih perlod. The¢h&rlty rejtrvey unonly be 8pent ivlien tILt TruJte¢J clew thw¢ are Snmo itreami frJrnc&u to ¢ov¢r And Tfjpl th¢¥¢ Thi9 pollcyls reviewed on bMIs. Rdit4d PArtIu Durini th¢ ye•r Ihere i•Krn no r•lAt¢d porty Iw$&ciEoDs. Dlsclo$ure ofinfomAtlon to the examlner Fach trus¢e¢ hu lik at41s thAt they oumht to have tsk¢n v a INstM in order kn Tnake them¥¢9 ofany r¢1¢ttl infonnjlion and lo establith Ilial the Ind¢pend¢nl ¢xan)intr is iw&r¢ of Ihal Infornmllott. The Ir1¢¢5 that there Is ttor¢levAn¢ Inforn10ti th#1 th¢y know of ond of whic]i ihey kth)w I1 oxeinln¢r i¥ tyJrt ProVed by th¢ tswst¢es of th¢chlty ¢m..... ...... ....... 4nd ¥i8nedon tts behalf ty. R M PoT¢¢r Ch1Srm#th*nd lrni¢ee
The Rlehard Porter Family Foundation StAtem¢nt of Tnts¢¢eg' Responslbllities The¢hw5tyfrkw¥e reAp)nu]efOrp[ePar18 the truste¢lreportAnd thefitwc"istafcrn¢nts ill rdance with the United Kittgdom A¢cowrtkng Stwthrds (United Kin8dom Geu¢rally Artw A¢eaiJntihg Prncti¢e) #Tld applirAble law and r¢8uja¢aS. The laiv4pplicabl¢ to inEn8lattd and Wales require5 the knSlee5 prtpfjro sthi¢m¢nts for ¢a¢h nanc1 year. The $t¢¢9 mustnot opprov¢ Ihe finAnci81 stAtements unlttglhty are satisfied that th¢y give 8 tn 4ndf4irvi•vof1healeolI[fd5rS0filt ch8tityattdofits i0¢rrfnin8R5our4nd BprAIltiOrr¢sQUr¢gs, includinB its Inm¢ #nd expthditlJTe, for Ihit period. Jn wepariDg these finall¢ial statemenK the InteeS 8re Trqyiffd tth. sele¢t suitsble occounling poli¢i¢s and apply consistty, ob5eEve Ihemeihods andprllwÉples in the Charilies SORP, make jtyonts and esiimat¢s th•t#r¢rnsoDpbleandpth¢ ¥tatE ther applicable UK AcCotEllg Stsnd8tds hove be¢n follod, Sllb to w materld departy disdosed and ¢xploiTr¢d in the fuLBtt¢ial stllementi: Ind prepr¢ the fin8rKial 51alemen$ on the golnE conc¢m basls unless it Is Inappropri to pre¥ume that t dMrftabl¢ ¢ompw willcontlnue In bustnts& The Intte3 ate responsible for k¢¢pin8 adequak accourtting rem$ #re suffi¢ioDt to show And ¢xplaiD th¢ harity's lTATh5a¢ti0 disclose with rea50n•ble atturacy at 8ny time tkn finandal posltion orth¢ charity and enoble thtm to ertsure thAf the finall¢tal stst¢m¢nts o)mply wlih ih¢ Charfttu A¢1 2011, th¢ Chwity (AwouThl$ 4nd Reports) R¢gula¢ion$ 2008 atknl tho ptOViSiOD8 of the charityb nstitutIo. They tre 90 r¢4>ollsibl¢ for safeguaTdinBth¢wetsofth¢ ch•rlry andhencefortakit)gre&sonablesteps frjr th¢pr8velltion AnddetKtion of fr4ud andother iTTegultrities. Thetr¢tst¢es ar¢ reSpolble for Ihe miintentsrtce and integrity of theelwltyattdthe fmn¢ial inform10 inoluded on the ehwity's website in 4¢wrd4D¢¢ with 1¢8i51ativn in the Unikd KinBdom gDvemln8 tkn pr¢pgNion dissemination of financial s¢al¢ments. Approval by the tn&ees of ¢he ¢hw?tyon.. d sign¢donits ihalf by, M Porter ch11nn8 •ndtrustee Page 3
The Rkhard Portey F8mlty Foundatlon
Indtptndent Ex4nbln¢Ws Rtport
to Ihe Members ofThe Rlchrd Porter F¥mlly Found#ilon
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ror th• yw endod 31 DOthI2023.
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The Richard Porttr Famlty Founda¢lon Statement of finax¢il Activities for the Year Endql 31 Deeember2023 17nclMdlng INMI 4nd Expejditore Acwinl and Stst¢m¢llt ofTotal RwLqed Galns And L(wes) Nole 2023 eowe frora: 587 25231 587 25.231 In5tment iwome Total Irmme ExpeBthIMr¢ o (26J79) 47 126579) 47 Oth¢r¢xpthllwre Total cJp¢nditt Net ltt¢ottKKexpndityrn) 32 32 (714) {714) R¢conelll•tlonof r Tothl ly01 fomArd Tothl futsts r1edrO 191996 82 1198 16 UArestrlded Total 2022 llleom¢ eDdowmeThts ffom: D)rt&ioM le8&les IM50.000 5.467 5.467 TothT 67 ElpepdltY¢ oll: awiiabk ¥tivities (i Joo) 459 {1500) 439 959 53 I5308 11153 JOI R¢contilltloll•rrund% Totsl fijnds ly0 fonwd Totsj fthmls cIrri1 fonvxd 14SA88 1198996 145.488 16 All ofth¢ChaT1s a¢tivitiu thri th¢•btyt two Th¢ fimds breakdow 2023 ts SI1vn in 16.
The Rkhard Porter Famity FoundAtioD B*l•ll¢e Shtel a$ 4t31 December2023 Note 2023 2022 Flx¢d ayiets 13 659,907 659907 Curr¢nt wiets C&8h at athl ill]nd 14 539515 540589 Cr¢dilorB: Amounts hlllDK due wltblll olleyear Netcwrent 15 538 539 Netwset8 82 1198996 Fwmls of tbecbwrity: UDrestrl¢led ixome fondl Unresliicled fun 1,198 I 198 282 96 1.198 282 96 Totsl 16 The finfin¢ial Blat¢ment$ott pag¢$ 5 to J2 Jpproved by the truste4 and WthOri for18sue on....... . . signed on th8irbehAlf by., Port¢r awlrniAll den Th¢ nth% on p#8es 7t0 12 fomi an inlegtalpanofthese finBn¢ial stht¢m¢ P88¢ 6
The Rl¢hYdrd Portor Famlly FoundAtAon Note8 to th¢ Mn#ncknl Statement& for th¢ Year Ended 31 December 2023 aJ4rlty&iat Legal status of ¢h• chaTIty Th¢organlsitioAtsa¢harftablo IncQryj ¢yganlMtion(ao)rg8lst•rEd¥odMrltywlth IheChthtyCommtssloA ¢)n 14 April 2020 (Chbrlty no. 1189045>. Each of thts tntsiM5 is Ilablv to ¢0rtirlbU aThwunt not &¥ceed5ng£NII ttswards th¢ 45¢tsVfi In ihe ev¢nt of liquidotlon. Th¢addT¢SS of its re8isl¢r¢d offtco i& 16 QlleensAvertQ8 Dott BH23 IBZ 2 AcfollntlThgpolkl Summiry of 8lgnlllcan¢ 4t111 pollelu k•y •eeountlnguilTh4t The prtn¢lyl ¥countin8 Fvli¢ies opplled ID th¢ proporatlon ofthuo f¢011 sthtemrnts aro xl Out below. ThM¢ polkle$ b&v8 been ¢onshtenily applled to all thoywspr•wt•d. VA1•51 odrwlx 811l¢d. stntement •f¢mpllAne The finattelAI sMiwn¢nts have b¢¢n prepu¢d In Kg)thn¢e w(th' Ac¢ouniin8 thd Reportln8 by Chvliiu: Slatlment of Recommended Pro¢tio¢ &ppll¢#bl¢ to chRflii¢s pryrln8 Ihelr Accounts In ocMrdan¢¢ wlth lh¢ FlnanoSal BAportin8 St•ndard Applk&ble In th¢ UK aTLd RtPllbli¢ of Ir¢l&ttd(FRS 102) (eff¢tlv¢ l Janwary 2019)- (Chdtle5 SORP(FRS 102)R¢vl%d). th¢FirMn¢lal R¢mln8Stwthrd p1kAble InthoUKwndRepubli¢oflreland IFRS 102). also ¢omply ivith the Chlrliiw A¢t 2011. The chlty hu thk¢n adv of the provliloni In lh• SORP for not w wepr• a Stthn¢nt ofcuh Floivs. Bask ofprepArAilon The Ri¢hATd Port¢r F4mlly Foimdltlon Is A charftable IncoYpornt¢d or81th4tton Icto) reglstored wi¢h Ch¥FIty Commls51on. Th¢ addnss of It5 r¢8l$tered Is 8iven in the charfty inforniatlon OD l of lh¢ flnlncial shi¢m¢nls. Tlw niwT• of tho ChArilysoper8tlonsand prlnclpal gcliviilel are 8lven pa8e 2. The ChJrlty rnea the defmitlon of 8 publ1¢ boneflt en(lty iind¢r FRS 102. Assets Hnd Ilab1111195 4re inltlllly r¢wi8ed at hIsrEI ¢ost or Iransa¢tion value unlo$5 oihenYi$e sthied in the relov•nl 1))thikli118 policy notej. The fina11 ststemts ¢ontsln InfomwtioD Nboui The Rlth•rdPort¢rF•mlly FoundaOn •8 1nd1v1d1ohIty only. Th¢ fJwn¢hl statements ar¢ pr•s¢nt¢d In Pmwd erlIn& whl¢h 1$ th¢ fin¢¢111 ¢urrnrKy of th¢ Chqrlty and unded kn th¢ne•rest £1, The tru*<s (¥)nsider that tlw# 4re m&t¢rlal Uncertau1e9 ob01 th¢ ¢h•riryS ability to continue ts • Boltt8 Co1Crn nor8ny $ignifiwitarnas of uncertaity tba¢ affect ¢ht ¢Anying VAlueof assets held by tltt chdrlty.
The Ri¢h•rd Port¢r F•mity FonttdAtion Notrj to the FIDan¢ial Slatemejts for the Yar Ended 31 Decemljer 2023 AU incune is on¢e the tharity th¢ incornfy It ts pmbabk th¢ the inLwe will E¢ DonatiLW •rewi5vJ th¢ thlty kn51)¢en Th)tifivJ iniwritiDg trf iK)thth¢ am0[ md letll da I the¢Ye4llthatatknMt¥M ts bJectIo(dIlI¢•sthllle4ulTr o levelof pryf(qm•te by thedwitybefore thE¢hlty ix entitled to th¢ fwid5. the Incon 1$defen M)tre¢olsCd unul eitrr thtssecondilv)tis N¢ fvlly met. or IhE lfilmentofthjse tyMdit¥)ns 15 wlv)lty wAthtsttheoJhtrol ofthedMAty a11 IS)bttheS¢todlWllI be fUired ID the TepDrtlD8PUd. £ettlre s¢dinIn1 isr94u1redw theQmOtnb9nJff1ithly. Allcosts8rewllrytsd to theapplik expendiiure heading thwe ag8Te8th simltsr LX)5ts to trat gOry. Wh¢ ¢vsL8 be directly Uributsd to P8rticular keading& they beeo alio¢#thd on a basis wnSis1th thew¢of with cEffiE ff)Sts )lloc4kd the E•sis of¢ime spenL aTrl ¢lwÉ#s alkKdon thtJMNtMwi of th¢ Mn¢t'¥ UK Othersupprt e•sts ar¢all(wed bayedon the swead offfo)s aritable expILm ¢ott)prMe5 th( ¢o#sincuThedbyth¢tharity iti theddfvayofitsa¢ttth xrvlees for its benefi¢iari¢L Il 1ndthb ct6ts lh ¢4n kallo¢&ed dtxIY x¢ivitie5 8Tr1 thca8ts of on iuditeGt Supportro¥ts Supportcosts indudewts81 ha¥ebe¢n Olloted ivity •ieson abasi5 wnsint nd oth¢r by ther T•xAtk dIfftTee ill the locatTr OrtalI1¢ ofthe4xcif fiirv•luc•x¢ffroBntstsJ iti wofilor C#sh #ttd eAsh eqthknts Cash at quivaleDts ¢cdllplyo¢#hon ¢all<kp blBknlyllquld inxsbu¢nts t1 Ire teadIty*n¥tsbk a known •nount of ¢4sh subi¢c¢ ¢0 on in401fr1 iiskofchaRg¢ in 1¢.
The Rlehard Porter Family Found8tlon NoteB to the Flninclal Statsments for the Year End¢d 31 December 2023 Fund strn¢turn Unr¢slri¢teA thnd5 are 8¢nttal funds ihat 8vallable for uJ¢ 0¢ ihgtrn#¢u dls¢r¢lim in fvrthernnc¢ of Ihe obiectiw ofthe Chlty. 3 Ineomo from donAtloM ottdlwd UDrtstrl¢¢•d Ibt 2023 Thtol 2022 G•ttetal Don09 ard I•[ex. 587 387 840,000 210000 I50.000 Olft aldl•1M¢d 587 587 UnYoilrltl•d fund¥ GenirAI Tot 2023 1bt 2022 Oihlr ini¢T¢$t re¢¢lwble 25 25231 31 Noto Unrystrl¢l•d GM¢rAI 3023 2022 l¥ 4d010 ¢08ts 25fv19 25.019 26 6 Gr#nts ADd doniltDn¥ Unrtttrltted Tot 2023 Ibtol 2022 General Equipm & Decorntion a¢ WurtOABoxinBGwn Domations made lo r•8tsieredcb8rities 15,9DQ 15.900 25
The Rlehard Porter Famlly Fonmthtiou Notes to the FIMaAeFal Statements for the YearEBd¢d 31 Deeember 21fLI IhYeJtrlrted Totsl 2022 Gettr Alloc&Srt costs 459 Ang1)711 of 8oYeTllttet And Total 2022 Gewral 2023 Printkn8 (471 (47) 429 30 459 Gowrnillte ¢o$ts TDI 2022 Gener 2023 Awlit of lh¢ fJnatKial slenrt5 kMl#Fnd¢nt¢XaMiiQDorthe fin&Kial st&eme Isoo 1.140 420 420 9 Net ItyeomlnotCOrercQ1 2023 2022 Tndependent¢MMiwffs lAdit fees Vern?¢¢ and 511PPUrtwitJ Ll41 10 TTUStees' remwwr4tlon eyues Pa8¢ 10
.The Riebard Port¢r Fmity Foulldltlo Notes to the FJnn¢i#l St#tements for th¢ YMr Ended 31 DeLYmber 2023 Trjtal 2032 41itof ts fmwial slatullerts 12 Tthxfttton 13 Fllled knvalmrnts 2•23 2022 659307 Ynv¢slweNI w•ptrtles ]ttveslme#t propETtle$ Costor Valwlltsn Atol Jttw2023 659 Provtslon At 31 Decenthr2023 t¢ bookvglue At31 D¢ther2023 659 The Tnte¢S %e of Ibe OPinJD that the v*lueof lh¢ pyotffj ivould bE ofs1milRr14S at 31 Deber 2023. 14 allde equlvakmts 2•23 2(122 C&%h at 539 Pwio
The Richard Porter fiamlly Foundation Noto3 to the Thnan¢i41 Sts¢em¢nts for the Year Ended 31 De¢ember 2trLI IS Cl1¢0. flIn8¢v1thl oueyeir 2023 2022 Ac¢n& 16 Funds B&lance at I Baiauce ot31 D¢eembtr 2023 ltttomlDg re$oune9 R¢sourtos e4K4dEd 2023 UTrre5trl¢tred thklld5 Cen¢rnl G¢ll¢rnl rd 1198 996 25 118 1198 282 Balgnce at I J#mi#ry 2022 Bg14ll¢t ¥t31 DKembEr I2 IncomlllE resourtos Resoureeg expended unrtrIctr4d fiumts Genor41 (hneral fund 145 488 1055 407 1198.996 17 Analy51s of owts beiween fund5 1kn1troeittd TolHI fuDds 41 rulld5 31 D¢¢etyber General 2023 Clwrent assets knnt liabilltles TDtsI net ayJ¢ts 539515 539515 538 538 375 PaB¢ 12