2023-12-31-accounts

Foundation Charity nLunber. 1191357 TrUSTEES' REPORT & AC¢OUNT5 lorthè ￿are￿￿ed 31 D8camber2023

THE CLARKSON FOUNDAIION CONTENTS PA(¥) Charfiylnfomatkn Trustee&. R8Wt & st*¢men¢ of Trusta88' Re8pon8lbN￿e 2to4 lTrJapend¢rt E¥aTnIne￿5 Report to Iho Tw8tee8 Sl4ternpnt ofThn8ndalAc statwnetrt Of￿￿8nd￿ Posttlon Statementof Cash F Ncles lo the Flngnthaj Sfalements Bto11

THE CLARKSON FOUNOATION CfrIARrrYiNFORMATION TRUSTEES I VMmas- apFoknled 3 Juty2024 LA8k L R Bagshaw A Gray- re8lgnÈd 23 May 2ff23 R Hal￿¥ R Knight K E Ove88n- appolnted 3 Ju￿2ry24 D Sridhoran KThtrr4J&Qn J Woyda (Chak) SECRETARY T Harley. res(gn8d 20 sept￿2023 DAbrehart- appolnted 20 SèpteThbw2023 REGISTEREDADDRE88 Commodity￿aY st Kalh8rinÈ C LMdon E1W IBF CHAR￿ NUIIBER 1191357-Rgl$twl in Er¢knY & Wakg ORGANISAIION YYPE C￿lItable Inworated Organlsallon ICIOI DATE OF REGISTRAIION 18 Saptember2020 INDEPENDENTEXAMINER countercu￿re Partn8r8hlp LLP 8ank Ch8mbern Maln Street North Y¢rksMro DLB 3QL BANKERS Bank ofSco￿a￿l Unlt718, 167 mO￿V&te Lond EC2M 6XQ

THE CLARKSON FOUNDATTh4 TRUSTEES, REPORT FOR ThE YEIR ENDED 31 DECEMBER 2023 TheTDJ¥lees ofThe Clorkson F￿ndali9￿ lthe'FoUThla￿Qrf orthe"ChartLf) plea¥ure kn prese￿ng 1￿￿rT￿tee8. Report and fin8neW ilatementsfor Ih8 Charityforthe yearendgd 31 Dewber2023. ?wtyJn15 ho¥e been prepared In ac¢crfd8ncewith IhE p￿￿88 88t outln the notos to IhB fln8ncLai statem¢￿$ arKi CaJMpty￿th tho FoUndat￿n,5 corltulkfi, ￿ Chariues A¢t2011 gnd t￿ prthrfslons ofAccouniing aNI Reportlry by Chatll&ts'. Ststement 0fR￿OrnMended P￿￿1￿e ISORPI apFlo4blB to rhwtses preparing Ih&5raccoLmts In 8CPA)rdar￿￿lth the Flnanc481 RepDTbrya Siandard Bpplic8ble in Ihe UK and Republ￿01 If￿d IFRS 102) leffecb%E 1 Jar￿ry 20191. Thè ClathÈtsn Foundalron 15 wlstered th th& ChJiyCornthlDn In England arKI W8le8 Inumber 11913571. Olh&rirrfmtion relalrvd lo the FDundallon hB5 been 8et out on p8ge 1 of thi$ report and forrns part ofll reporL PURPOSE &ACmVIIIES FOR THE PUBLI¢ BENEFIT Th8 Foundation's to adv4nce Such charl1￿& purposes (Hccordlw to th8 lawof ErYJbnd 4ndWalegl as tM Trwtees see fil fmm lime lo lime. ty pro￿￿1￿9 grants to organLsallons, chathes Ènd tAJrnrnwthes eX￿￿%￿￿I0rl￿8 p￿riC be￿ffi1. Through its granil￿n9￿ Found8tt4Ys aim Is lo make tsnglt4e dffterenc8 and a18$tsryJ impocL Durfng ble Yeargra[)ts￿￿1e madeto 27 charft8bt8 cau8es. Th8 TrLL818ts' strategy Is to sowce ltl8 wolects to support orkl ¢knrg the perfod trr&I￿re41X maln ar88$ ofr￿U&. Whithwere.. 181 Rel￿rof powty., (bl Rel￿01 Blcness Jnd pre¥eNallon of heatth,. Icl H￿eleSsn￿s'. Id) Communltychathes., lel M3ritim&rdated C￿les.. and lfj Disaster rdlel. The Tntstaes ako CDrtÈwJerornThls that lall oflhetefocus areas provhlad IW•re Sa￿Sfied ttwll fLtherthe FO￿da10n.S purpose and Is an appvopriale use of funds. The T￿￿le&S mo8ty8ourc8 proleds 1¢ $upptyttkffjough c¢￿d￿tI￿n9 Ihw¢wm research. Staff ofthÈ ¢lorfLson PLC Gr￿P fciaths¢m¥'l ar8 alBO er￿￿Urd98d to pUtf0￿rd &1sMe8IareoM￿er￿tiQn. T￿eT[￿tee5 belIeveth￿ enl￿e5 Ih8clwity's limited re¥ources to b8 l￿8￿ It￿ mst 8ffecl%wy. A SUMM￿ ofih8 FoundatJcn'8 grant-gmny actwtycan be f￿nd w￿¥￿¢￿"A¢A16vem&￿ts & PérfoftTran￿'. Tr TTthtee¥ he￿ had due reg8rd lothp giid3nce on publlc benefit, a5 puN15hed bythe Chattty Comm158lon. In theirpows ordutlÈs. A Tru51e6s wa ytimded an induction pac thèii kgy re8ponsIb￿tIes, %thlch induded the Cong￿lut￿l, thè Charty Comml£slort8 gi￿d￿ce The Es$enllpl Trustee.. What You N88d to KnovI..'P￿C Benefit.. Th? Bfil RegU￿emony 8ThJ'AGuideto Worate Foundauons,. Admlnlstration 1$ t￿lId ouibythE charf¥s and SBcretary. as w81 as volunteè￿ tknefrom Cl¥kÈon$ staff. ThÈ Trustqg8 h8ve CO￿k18r8dth& CthwityCommT8¥lcrts 0$Ad￿Ce on public benefft. Indth11Na IhÈ guiknce'pubIkbf￿. runnlny a charfty IPB2)'. ACHIEVEMENTS a PERFORMANCE Foundalon's mBSn ¥owce of Incthre durfng the PBrfod wd8r Ta￿ew￿4$ donafjons from CLqrk4on PLC, lotBlllng £750,00012022. E127.9rn. A further £2.33012022'. £1,950) wa8 recéiv£d throuBh the Give As You Eam tstherne, rJ6,18012022'. r16,2541 was recdved throLyh Clark50n PLC Gro4) empIoy68 bJndrak%ing and donations £23.35312022.. £niD was co4eded as ffllere51 on Ihe FtyJTrJalion bank IV￿unt. M Incthme re¢dvBd h Ihè ￿rt0￿ dtsnaled wrfh￿rt resblcuons. A total Df £456,89012021. £3D9,0311 wa¥ gr8nled to 27 ¢hAritable cou¥e5 12022.. 25). aj disdosed In the NoteB to th? Anancihl Statemwls, N>18 & The ch8Trti68 SUPPOrt8d duriny ts peri￿ lacle inoluding mentNI childrtrrfs I￿n￿, povety and hoMebssn￿. G￿ntS made In Ihg pert¢>J Inc4Lkts'. read 3 SmN& Spread a sM￿e wa8 pr¢vldl with a grant lo Mp fLtrYI Iheir entertairErg to maka 120 ho¥￿ Ytslts 8cro8s IhÈ UK, to hdp Mro 80me loy comfort I sertousty ill children and thrlamlks durhvJ 8 thall?ngiryJ time. Ow grants aL%D ensured Cmslmas prtsents trxjkt b8 provldad tsWlhB fesllve pwlod. The Fefjx P Thls charity look8 to brh1ge thè 941 betssyen good quallty 8urplu8 fttttd, and Ihoge that Stn¥JgliThJ to pur¢h8se tlus. Our grart to Fevx Pmle¢t 8UPPOrtad 20 8etK)rd& atross Lornlon ￿th￿ektyfOQd deli￿e5 10 stock after-schtsDI rnarket 51a115, so Ihat ¢1￿ldren and th￿rIam1]leS COLdd t￿e￿re￿1t$ hc¢na loen$we the pr￿s1on of th8lr maL% bul ofsthool ￿Urs, whnsl also tea¢hlng aboth nu￿￿On and the b¢neffts olr8duclng food woste. thewead The hospic&￿$ wovided wilh 8 9ranÉtofuA fulktimenurses for8 Thr month P￿0d to hdpdelnftrth caro and swrt lo thdrpatk9nts. Ica A gr8nlvA5 mada tolhe charity lo help th8m p￿de￿Or•und care and 2upport to IhD¥e Imrg llh b￿1 Car￿￿rand th•r lowed ones.

THE CLARKSON FOUNDATION TRUSTEES. REPORT FOR ThE YER ENDED 31 DE¢EMBER2023 ACHIEVEMENTS & PERFORMANCE (coftllnu¢dl Schotrl alHa￿ Kno OH SOHKS Wa￿ g￿En a grant to help r￿ th8tr glri's VOgr￿Me 8t Bacon's Colw. 8￿bWalk. The SoHK'ts WOBrnmm8 rugby se¥S￿nE combln>ts vllh ment￿5￿pto provKlè gLidarKe lo studen19 Trtho we la￿r￿ chalkng8s and W￿k1 b¥th fron addloonal sUPPOrt. mmun A grant waE m&de to Carws to I￿￿ll diu¥Ned fadlles at thdr as 8s Ihe removal of a8b8$los thai been uncovered. TN$ enswed anotherd8Mographi¢ ¢an arcess se8slons al Carrty's. but akn fed vaj￿d ¥1 The White¢hap?l Ml¥slon 1 London provided wAh a grant for W0￿5￿)n ol hot meab durfng Iho 2023 ￿rfod for thjse experferri hcme]e55nss8. In adLon, a donauon whs made Sothat Ihr>$o attFndny th? cèntr¢ also rec4ved a smau glft of¢h0o￿al8and a hygierE k5L omm DE A grant ¥ffjs to SUPPOrt the DEC'S Turkey4￿4 Eerthwaka 4)Pe￿ ID hdp Ihe relef eN¥rts In th8 rw. Wlth homes and hospltth destroyed. many are I1￿￿9 In temporary 8heMets wihoLrt 4ccess lo food, heamhrare and othèr e&￿tiaL￿. Considety thè magnitude of the cthig and the kn8 crJt1c￿ natWE In a8slsUngthose impacted, the DEC ￿8¢ed to coorthnala th& 1￿MOn￿anan response. The Foundatton vllll ¢¢nUw lo pro￿d8 grants to more tharith￿e cau88s from fvnds donated lo Ihè Foundadon by Cla￿$¢n PLC Group, their ¢mploye88 lundraisiNJ aebMbes throwhoui th8 year. The Trustees delerrnine how grants are award￿ In lkne the Foundallon's grant4￿￿￿& policy. Each grthnt 8p￿1¢4110￿15 8s8e8sed byth2 Tru5te85 on merfl aNI consklgrkng Its allgnmentto IhB FoLndallorfs wpo$e end areas of fo¢u5. FIIIMCIAL REVIEW During tE yeor. the Foundallon rÈrNed £811.88312022.' £206,2441 In monotary term$. The FDundatlon Incurred expendllure of £458.8a)12022'. £209,031) on grant expE￿N￿re and £81612022.. £1.3221 fLYtrB hdependenl examination. Adrn1rf8tr&￿￿ is coTpleted ty volunteered Ume from Clatkson PLC Group Staff, the c4AI of¥thch is negllgible. This ￿￿ureS thatlhe FO￿dation malntatix costs. The ot4y a858th￿d tythè FtsundatSon Is ca8h, and no InwstmEnls are t￿ld. Atthe end oflhe peEiod the Foundalon hdd unre51ricled bJnd8 of £544.69712022'. £f90,S401. The charty does not hwe a re88r￿ p￿Ly. The Foundation make5 grants frorn a¥8118b￿ furrt$5. Confi￿ed grarts are fflad8 from surplLts fvnds. ensury IhBre will not ba 8 ShtsrtfB￿ The Trustees regutarfy revSw41h8 cash po&ith)n to en¥we th8y mfdgats any Osk 885OCtatsd￿th t)tst hovw a re88r¥e8 P￿lty in ploce. 5TRUCTUR& IX>VERNANCE & IAIMJEIAENT The ¢￿￿SOn FoLmd8Jon ig registered the Charity Cornmls51on In Éwland andWale¥ Inumber11913571. The FouTh3alipn a Charftable Ir￿D￿rated Organk8atlon ICIOI govemed by Its ConS￿l￿t￿n. dated 18 Sepknt4r 2020. Othèr knfoTmaUon relatiny to th8 Foundalh)n ha$ been get on palle 1 oftms rwrt ar1 fotms part ofth15 r8p¢rL Th¢ cO￿lUtIon sets out that there mu51 be a mlnlmum of three TnJst8es. Should Ihe number fal bet(wtN¥ mlnlmum, rgrTrairfng TrLteals1 may aci only lo appoint a newth8rity Tru$lee. The m8ximun n￿nber0lTrUgtet$ ts t￿TIVe. The TrLtsteè$ may al any ttme derAdÈ to appoint a new Trykslee. p￿￿ded Ihat Ihp Ill￿[t of 12 Is not exce6ded. E¥ery chorty Trustse mLtst bp a Clarkson PLC Gmp rywnber of staff forlhe durauon of thdr apprynlmenl. A chartr Tru51ee ￿11 cease to h￿d office rf hp or sh8 ceases lo tr a staff member of CIBrbons. AJI Trust5 Ihal aclve durirvj thp year. aTrJ up knthB date of th18 report. have bean n8med on page 1. Any n￿T￿e8{sI WUI be assessed to erure that an appropriate balance of S￿LI Jnd experFence is the BDard. As Sla￿ on pagÈ 1, Ihwe VAB Me restg)aOon In Ihe w. fol￿ng vthlth appointrfnts v￿e rnade the $the4￿fiYear. The Trustee5 have a¢S)pbJ 8 confiicts of Inter88t pc41cy to manage the relauonshlp th Clark8￿ PLC, ￿1￿ch W0￿￿eS th8 FDundalkn'8 Man source of Jndlng. Th? TnL%te8s act lrtdependen￿y of cla￿8(￿ ond mllke d8cL8i0rn8 8dely in the lrterests pf Ihe ch8rSty %%ithDuI any uThJue k)llupnce. The Foundauon has also adopted a grant-making p￿ty. whlGh guEd8s the Tru5tees' do￿810n maknnu Ylth raspeci i) gmts, du8 d119¢n￿ ond ongdng monttorfny ofèontees. TnJst885 meet regulatly to dlscharge Ih dulles #nd durkng the parfod fve meeungs were h￿d lo re￿aW grants, operatlonal m8tterÈ, go¥em8nc8 awents )d ¢kngr matter8 ofconc8m. FUTVRE PLANS The FO￿d•￿0n VAII eontinue its grant4naklng acb%ity and seek ¢harTtsble to support that ore for the publlc ben8fil. The Found8tion ￿711 Ixk lo ra￿8 funds through Increasing ofthe carfty to Clatk¥on PLC Groupémpltyees worfchwja. in 4dtlllon lo tha ￿lder marlume kn￿￿try.

THE CW(8ON FOUNDAIION rftusTEES' REPORT FOR THE YEAR ENOFQ 31 DEGEMBER 2023 STATEIAENTOF IRU8TEE RESPOFISIBIUTJES The Truslees arn re8pon8lble for preparing th2 Tw51ees' Report and Ihè fin2tx1￿ Glements Ln acrordance ￿th applitsb￿ Urtt8d KffjdoTn Ae¢thJnNn# Stsndards Iunlled Klr¥Jdom Generalty Acceptad A¢wunbtvJ Practice). I￿￿￿1ft9 FRS102'Tr Repororo Standarf app1Ka￿e in the UK and Reput￿￿ ollr818nd'. The lawappK¢abl8 to chartlles In ErylarKI and W¥es ￿qUIreS the TnJ51ee5 to prepar8 finan￿OIstat￿Ment8 for each yee wttich Gwe a trne and f8ir 8wofthe slats ofaffolrs ¢flhtr tharity and ofthe incomlry resources arwl èpplirAii¢n ofRgources oftr ch8rty forthat p￿0d. In wep8rfng finan¢1 Sthte￿nts. theTruslees are reW￿d to.. select 6uNable aCC￿lIr¥j Pol￿e8 and apP￿tr￿M consL8lenty, ob8er¥ethè method8 arnl prin¢1p￿ in thp Chanlles SORP.. m8kejudgemen15 and ests"males Ihat are rn8son8￿È and prudt', slate wh8ther appliG8b￿ accounting $tsndard5 have been follo￿d., and ' prepart Ihq ffn8nrAHI statemen18 onthg concem bO￿t it is inappmprfate to pretsume th811￿ Cha￿ty￿1 conliNÈ in buslness. The TrnstEes are re5ponsibk for keeping prO￿r accoUn￿ng recDrd$ that dl$dose ￿ll￿ reasonable a¢oxaGy al any lfvne Ih8 fin￿&81 position of thE charty en￿￿& Ihem lo ensure that finan¢lJ slaltm?n15 comply th8 Charfll8s Act 2011 ￿ the Charity IAc2oths and Reports) RegLlatEon$ 200B and Iha pmw$ions of the con51iluknoTh TW are also responsib￿ for sofe9uBrdlng th8 assets Ol thE th2rity and honce lor ta￿￿9 ¢e$pon5ttAo 5tep8 for the pre%Ention detecuon of tra￿1 ar¥J tsther y￿￿anties. Delall4 ofthe th8rty18 wled on pag8 1. Appro¥ad Posrd ofTwolees ard 8ned on Ils beh￿Tr ir of T[￿tee¥ 28 Octob8r2024

YHE ¢L￿1KBON FOUNDATION INDEPENDEPIT EX4MINATtON REPORT FOR THE YEAR ENDED 31 DECEM8ER 2023 I reporttothe TruBlees on myexamination ofthE finJnrAul ¥latemert$ oflhe tharity lar￿ yearended 31 DÈ¢emb¥202& RESPOII8IBILITiES AND BA818 OF REPORT As ￿ trustees oi the th8rity you are ￿SponS ror tr prepara￿On al thE fin3nd￿ ¥latem8nts In accordance ￿th the reqUIrem￿lS ofthp Chathas 20111thè 2011 Aial. Ha¥mg satisfiÈd my8eff that the financSal statement8 of the charity are not requlffjd to b2 audited under Part 18 of ts 2006 and a￿ dluible for Independenl 8xamlnation, I repDrt in respecl of my 8xaminaOon of thè financ4￿ 8tatem¢nts Gwthed tyjt under sectlon 145 of the 2011 A¢t. In myexamlnalon I have fOll￿d all the applicatsle 01￿￿On$ glven by Ih? Ch8rfty Commission undersethion 145(5)(bl of tha 2011 A INDEPENDENTEXAIIINER'S STATEMENT 8 Ihe chofiV$ grus¥ Inc￿rne excEeded £250,OOOyoweK8miner be a member ofa body listed in secuon ofthE 2011 Act I connmi Ihat l am qualified to undertake the exaMIna￿art because I ￿ a FdlowMemb8r ofth&AGSDualk)n of Charfty Independent EKamlnerB. ￿th1¢h is ¢ng of the1￿1•d bodkes. I have completed my ex8mination. I confim Ihatno rnatetsl mDtters have comg lo myatterrtlDn In Con￿¢￿0￿￿￿ ex*thhtlon g￿￿ m¢ ¢&uBeto that In any msterf8t re8P&Ct'. 4 accounttrg ￿re not kept In r88P8cI oflho arity#s rewitd byse¢U￿ 130 of the 2011 Act.. or . thtsrrnn￿)1 slalements do not accord those ￿CordS.. L . thef￿an￿81 818lèments do not Ihe appfjcab￿ requtremEn15 conc8rréry th8fomi al￿ Mrrtent ofaccwnts •etrAJI inthe Ch8rtttes O¢cMIs aTrJ Reports) Regulation5 2008 Oknwlb￿ arywLdrÈmert Ihat Ihe acwJnt8 atsue •nd f￿"r￿￿￿￿1chl8 rtot a ntter cansld8r8d 8£ ￿ of an Indepe￿ent examlnaJon. I ha¥e no con¢em$ and ha¥e across no oltsrmatters In comeclon attenllon $hQ￿l be¢JraM In Ihh Bprft In ordèrto en0b￿ 8 woper ￿de￿landIng ofthe financi81 st8temer4stD t Wa¢1￿￿. Tom Wcox C￿Snter￿￿￿r& P8rtnèrslip LLP Bank Ctrwnbèrs Street Ha￿8 North Y4rk#hke DL8 3aL 28 October2024

cLARI￿oN FOUMDATION FINANCIAL STATEMEIITS 8TATEklENTOF FINANCIALACTMmE8 FOR TNE YEAR ENOED 31 DECEMBER2023 2023 Unre8trtctad lundB 2022 Unwstrirled fundts Note Ineomèlrom: 768.slo 23,363 206,244 Intwest in¢tyne TOTAL INCOME 811,863 ZOfj,244 Exp•ndllur80n'. Charilable8Ctnrih2s 1457,7061 1310.3531 TOTAL EXpEND￿VRE 14Fr,7061 IMO,3631 NET INCOME I (￿PEN01TUREj 354,157 1104,1091 R$￿Tr¢I1[atIon olfvnd¥.' Total frMds tfought lowd 190W40 294849 14ot mov8mentlnfund$ 304,1B7 11041091 TOTPL FUNDS CARRIED FORWARD 544,697 190.$40 ￿￿ra rx) ￿rng￿8ed gahs and Jo88es ￿hÈrth9n thenet Incom8 for the peri JI ItKomB &)d W¢Dthlurederl¥es from conl1n￿t¥J QW4bons. Th? notes Setoul¢n pr•Jes &11 fcrn part ￿1hese fin0n¢￿1 ¥taSemer#

THE CLARKSON FOUNDA710N FINANCiIL $TATEMEiirs 8TA7EMENTOF F]HMCIAL PO8ITtON AT 31 DECEMBER 2023 31 Dec 2023 31 Dec 2022 Nde Cun4ntAs¥•ts: Cash al bank and h hand 660,374 Z47,382 TOTAL CUFIRENT ASSETS 660,374 247.382 Libll¢l105: CREDITORS.. amount6falr¥J 0￿ye 116,fni 1¥6.B421 TOTALASSETS LESS CURRENT LWILtnES 190,640 N￿ASSErS 544.OP7 190,S40 Funds oltho Unrestri&Èd gÈnÈraifurK 544,697 190,540 TOTAL FUNDS 644,697 1gD,540 The n¢ths t wt on pw B-11 lorm partofth888 fiMntt141 State￿￿nIS. Thefn8nud 4tstemenls ware 8pprtyed #nd ath(￿3ed foTl85us by Ihe Botrd ofTru510os on 28 October2024 and slgned on Its bthawbw. J D Woyda Chair of TTu8lees 28 October2024 Thè Cl8rkson Foundation Chgrftyr8glstratiL47 number.: 1191357

THE CL4RK8ON FOUNDAIION FIN￿1¢I￿LSTArÉMENIS STATEMENYOF CASH FLOWS FOR ThE PERIOD ENDED 31 DECEMBER 2023 31 Doe 2D23 31 Doc 2D22 C88hllowfvom op￿￿n9 Net Incomellexpenditurel forlhe rewung p8rtod 354.157 1104.1091 AffjLthents fw. IrKreas8 kn credhors 41.1651 85,122 N•t CA8h provided by c¢er8trrtJ acM89 312,992 14198n Cash and cA&he4uNolentJ al the begIn￿ng ofth8 period 247,382 296.389 Cash ind qqufvgl•nl¥ attha and af tho pBrlod 500,374 247.382 The note& Gdout on pa985 ￿11 fomi part0f￿$¢fI)￿d31 statement&

THE CLARKSON FOUNDATEON NOTESTO THE FJNANCIAL STATEMENT8 ACCOUIfflNO POUCIES (81 GENERAL INFORMAMON The Clarkson Foundallon Is a publlc btefit entsty as defin￿ by FRS 102. The chwity wa& re9lsi¢red on 18 Septentsr 2020 Chorfty COMM￿lon In England and ￿e5 (number 119135TI. Clartson PLC ts the sok membgrof the FcuThtsUon, dghtTnts$ w¥¥ert￿S￿dng on118 808rd ofTru¥tees. Il¥ reglstered oKice is Commodtty Quty, Sl Kalharine Docks, London, E1W 18F. Ibl BASIS OF PREPNPATIC Thetse finantil staiemÉnts ho￿ been wepared ￿Tr￿eT th8 N5t￿ cost cmnlion. except fcf Inveslments thlch &r8 ￿l¢l￿￿d al rn8rtot val￿ and the revalUa￿on of c8rt&ln fjxed assèts In accordar￿ vllth the Charitie¥ SORP IFRS lo2),A￿0U￿tiTr￿ and Reportlng ty Charftits.. Slalemenl of RecommeMed Pracbc 8pplica￿¢t) ehoribes preparfng Ihelr accounts In accordan¢e ￿1h the AnarKldl Repow Standard appI1¢a￿e Inthe u￿ted ￿ngdorn * R¢pu￿1¢ of Irdand IFRS 1021 leffe￿Ve 1 JaryJ8ry 20191,, Finandal Reportlng st￿dard 102 the Flnanclal Stondard spplthN8 In thg Untt¢d and RepubUcollr8land (FRS 102), oThJ Ihg Charittets Act 2011. The Inand81 stat8ment8 ha prEwed for ts perfod from 1 Janu￿ 2023 to 31 D8￿t￿ 2023 and 1xe￿NI90 h sterHng, rounded to th¢ nre&i pound. Tr Clathson F(￿￿￿tIon CIO rneets the (tafinknon ola pubBz benefit enfjty FRS 101 A6$8ts and Ilabllluos Infddly r8cognlsgd al Nstcthpj cost or tranS￿00n vaEu8 un￿$ otheAMsè stated in the re￿￿an1 poIlcv nole(s). (GI CRITICALACCOUNTING JUDGEKIENTS AND ESTr￿TION UNCERTANTY Obler ih8n th8 asSessm￿t of golng klow, th8 prep3ratron ol Ihs fimDc4d stAtements dld ntst re4Lire the Tnjstees to make srty sipnlficant Judgements or25￿MateS. Id) GOING CONCERN After due enquiries. th2 T￿$1888 ha% a reasonable exiectalton that Ihal the Founda￿0￿ ha5 adequat8 r66ourw to cu)dnu8 In opèrnl¢N e>tslance for Ihe foreseeablÈ firture, bETry al least 12 months kn the date these statements approvad. and hav? identsfied no materi81 ￿Certai[￿te$ 9ardlng ch8riVs ab]lty to con1￿8 In Accordingly. the financ4al ststements have been wep8red an thè going concern bass, under Ihe ¢ost¢onTrMtrcfft. 181 FUNDACCOVNTrNG The clwity malntslns a general ur￿88￿￿raSd r¢ments fvnds ach va ¢¥r￿able ot the d18cr8Ucrt of lh& Tmstee¥ In furtherKe OF the ¥ects ofthe ch8Jty. such￿￿$ mtybo W in fina￿e b0ihth￿thng witol and Wlal In￿SIments. DesvJn¥ted c(fflp￿e of unreBlrlcl8d fvrKl$th8t ha¥e b¢en5et ask18 byth8 Tru8tee£ for p•rtk￿ar purp￿ Restrtcted lunds are those lo be u8ed In accord8nee V￿th 8pecffic instrUdL￿S imposed ty or hav8 teen raised bythe tharbty for SFdfic wrpo$o5. Th8s8 funds 8re not 8V8118bk fwTEU51ees to ap￿Y at thrdiscrelK)n. Iti5 pr4W oftho Board clTrnstee& lo wehjlty monltorth& apOcsJon of those fund8 in accordan￿ ￿1th re51rfct10￿ p￿C8d upon Ih8m. ThBf8 ts no fonal pollcyoftsan8fÈrbÈh4tenftmds or orbtha allocalon Off￿)5 to destwatsd fvnds. ¢therthat thatdeKrlTrAd abo JI fi￿1& ￿teWEd orrri5ed In fvywunder revE6ww8 uNe&irf&ed. 10 INCOME RECOGNlnON Income 1$ ￿M9n￿led the FouN{a￿0t} enbuemenl lo funrt£. any p8rfom8nce ￿r￿10Th5 altached lo thè I￿om9 hasp been met, It k pr¢at4y that the incomewill b8 re¢•%ed the amDunt can be measured refiabty. 19) tK)M4TED SERWCESANO FACILITrES Donated profes8lonaS donated knThlles are recognwsed 45 inc4)m? chariiy ha5 contrrA over the item, arty CtsndiU(V￿ assodal•J the donatsd rfem have bepn met. the recelp¢ of eCOntsm￿ benefit frnm the use by Ihe charfty Df the Kem Is pmbaNe and thai •rOnoM￿ b8n8fft can b rn&￿ured rdlatAy. In accordanceth CharfUe& SORP (FRS 1021. the general ¥olurfggrtthe ofCJark8on8 Staff Is not ￿coUn[5￿. IW EXPENDITURE RECOGNITION abiithes are reMynid AY expenditur8 a8 soon a5 twe is 4 legal or cornslruthe oblwJafjon commlltlng the eharity lo that expeTrJlbJe. It Is wpbpbk that ih? seillement Ylll be requlrad and thp arnDunl ofthe oNlgatTon can be measu￿1 ￿lIab￿. M eyndliura Is foron an acuuals ba&ii. xwdSiure comsNtse8 9ranb payth as parl of the Foundatson's ALI￿aleS, as w￿1 as admin&Itraln￿ costs perta￿knO tOlh& tharty¥￿ Its oran ma￿n9. Grants paya￿8 8rtr lnvj￿Cd in the #latemenl of gpproved atYJ vkn2n th2 IrdenOBd rfclpl8nl has th8 or been Informed oflhÈ de￿610Th lo make ts donallon and ha& satisfied 311 related eondthon&. Grant8 appro¥8d bLrt not p￿d 41 the end of the financkql perlDd a￿ for. Whare tr¢nBluory has not baen Hrformed or tr05 to me81 cartaln nditiDn& befoo the grnrrt ts reased are not aptsued fry butarenoted as fln8m&al cOmmitm￿S kn the notes lo the finartdal 5ts1emert& G￿*Mance costs ¢)Jmwlte the Casts of the Independentexamlnakn ofthl& fyporL CASH AT BANKAND IN HAND Cash 8t b8r418nd In haTh( IncithB cash kn hand wh hekl In FouTrJatlon'$ bank eJjtrenta￿rt.

THE GLARKSON FOUNDATION NOTESTO THE FINANCIALSTAYEMENIS ACeOUPlllNG POUCIES ICONTJNURDI CREDITORS C￿￿tOrS we r8cognls8d th8 chadty h88 a pweT re5utthg frcm a post ￿rtt that I￿11 pmbabty resdl in transferoffiJTh to a thlrd amount dueto Sètt￿ the obligabon can be meuwed oraBOmd rdiabty. I FINANICAL INSTRUMENTS Found8llon OAY has fin8ni?Bl a¥5et¥ and 118b1￿88 of a klnd Ihat quanfy as ba51c flnanraal Insbwm¢rts. Bask tbwKlal are I￿￿￿ty tecagt¥¥ed )ttran5actlDn valu8 8nd sub8¥kntty measw@l seilemenl valu8. TAXATION A8 a rewsterad ch8rfty, Ihe tharity 1$ ￿ernpl from Income 8nd corportitittn lax to oxtenl that N8 income and g￿n8 are appllc8bI8 to ¢harftpbk wpo8&9 orfy. Value Added T8xIVAT) Is not ￿0Verab]e, and k t￿refOre all eypendltup 1$ r9¢0rded In￿U¥l￿a ofVATVthereappU¢a￿e. INCOUE 2021 3022 DonaIlor￿ receld Donated 8￿CeS Iter8Èt income 788,610 ,244 23,353 811,863 AJI dtsrtatia￿ wffstricied generat lund$, avaIlab￿l0r￿eT[U$lw to apk4ya8 tw 888 fl1 lo fLtsllwthe FwTrJetM's purpw. DonaUor rg¢dved Ir¢m Clark¥on PLC Intheyearw88 £750.IX)012022.. £127,97n. Donated &enritte5 refiecllhe cost ofunpaEd generl vol￿11e¢rgd tkne from 8laNofClartson PLC Group. Th18 L8 on on athhoc bas]s aTrl cannot be Tdl8W measured. FurthÈrmore. $hthldth￿ vdunteered Um8 not be received. ￿ Fowdalion WDLdd not have employed additM)nal stsff lo uTrJerfak& those $eMCe5, but rather be perfomied bythe T￿￿tee5. T￿5 Ihe contrfbullon of gene￿ vdurteer8 (s not In¢1￿$ a8 Incom8 IMr&xFendllure 1831 Inthè 5talemert¥. c+1￿TABLEAcTM7Es 2028 2022 Grant e>F￿ra GDvemance costs 45e.890 816 309,031 1,322 457,706 310.363 Gownanco costs comprfB88 the Independenl pxamlnauon fea AnalY￿S exp2ndttw8.' 2023 AmblJous AboutAub$m Cancer UK Carr¥s CommLnty Crfs18 H05plc8 In th8 w￿ld other¢hÈritsbb QTBBriJoh"on¥" Spread a Srnme Strongbon88 ChI￿ran,& ChaTit•ble Twst- Tharnes 21 The Blg Gl¥e- DisathrEm¢rgenoyC¢mmltte8 The Caunlry Trust The FeQx Project Th8 Horwpot Chik Tha School of Hotd KTrxkB whrtech?p￿ Mlsslon 27.798 42,603 29,330 10,OLXI 87.603 49.800 13.639 10,000 25.000 14,D81 100.000 15.000 18,000 1D.2QJ 4S6.190 ' Th&s8 Include au doMtitnÈ gronted￿11h a value und8rEIO,OOD. - Trms grantWa5 comrnftted to at th8 end of 2023 b￿ntst pald. Igranl made In tlyearw¢ made lorth8riiabk wrp05es. 10

THE CLARKSON FOUNDATION NOTES TO THE FINAN¢tAL STATalEI STAFF NUIIBERSAND COSI3 The FourKlatton d¢es rnt have 8rryemWoye85. Key manag¢mwrt personTl of the chthty, are5n cherge ofthrecllng and ¢ortrollrs. Nnnlng and operating the chanty nned on pagè 1)fthu% report. ana ¢￿prf$e Ihe Ttu$tees jnd Secret8ry. In addlllpn to koy Mar￿gement P8rsonnd. all ￿u￿te9rS throWrMJt the p8rfod Ur￿￿rre?15WWra8rnp1Dy&d byclathon PLC Group. vthose ￿t￿Ge¥ w8r8 pro￿d8d tre¢ of¢trw. No rpmun8ratloTh clher beneffts orp-VD585 w8paEd lo any keymanaggmorrt duty the perbd. CREIXTOR8: MIOUPIYS FALUt4Q DUE wrTrllii ONE YEAR 2023 2022 Arxrul8 for grants payaL A¢cw¥$ f¢r go5man￿ costs 13.839 55,520 14677 S6,U2 A6 &t the end Dfthe yaar. trre￿8 one ¢ut8lending fuTrJkng cOmft￿￿￿ent for£t3.639. wlchw&È paKI to￿ beneficlarychafityknquarttr 12024. ANALYSIS OFCHARITABLE FLINDS 2023 2022 Urmb1cted turk brought forward I[￿me 190,540 611,663 1457,71ts) 294.649 206,244 131Q3531 Urrestrfcted knnds carrfed fowd 641697 190.540 YRUSTEES REMUNERATION & RELATED PARTYTRAN8ACllONS The TJuBtsE8 are Sel out on pa9È 1 oftty$ Tpport. None of IheTru8tee& lor any person COMEctsd wlhlhpml have been wd retnuneratkn or reC8[￿d any other benefit from Ihe FoundatiDn durfng theye8r. AITntstee5 ￿￿e remuwated arml t￿￿e￿ other b8rfft8 Ihrough th￿￿￿plOyment vAth tho Clarksth PLC Group, a rdaled patytothe tharty- During thp wod, m￿et￿ry donalloni ltst81Uw £750.00012022.. £127.97nw8s rved frcffl C18rkson PLC, the5cts Thmb8rofthe Twsteels 8 paid dMe¢torof Clark5w PLC. KttEchdoes not inrjude rernunernlon forlhdr ro￿ a5 4 TDJ8tea.