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 cor*ltulkfi, ￿ 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& Ch*JiyCornthlDn 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 grani*l￿n9￿ Found8tt4Ys aim Is lo make
tsnglt4e dffterenc8 and a18$tsryJ impocL
Durfng ble Yeargra[)ts￿￿1e madeto 27 charft8bt8 cau8es.
Th8 TrLL818ts' strategy Is to sowce *ltl8 wolects to support orkl ¢knrg the perfod tr*r&I￿re41X maln ar88$ ofr￿U&. Whithwere..
181 Rel￿rof powty.,
(bl Rel￿01 Blc*ness 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? B*fil 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$Ad￿Ce on public benefft. Indth11Na IhÈ guiknce'pubIkb**f￿. runnlny a charfty IPB2)'.
ACHIEVEMENTS a PERFORMANCE
Foundalon's mBSn ¥owce of Incthre durfng the PBrfod wd8r Ta￿ew￿4$ 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￿ lac*le 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¢vld*l 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 YE*R 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 adL*on, 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$e end areas of fo¢u5.
FIIIMCIAL REVIEW
During tE* yeor. the Foundallon rÈr*Ned £811.88312022.' £206,2441 In monotary term$. 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$5. Confi￿ed grarts are fflad8 from surplLts fvnds. ensur*y IhBre will not ba 8 ShtsrtfB￿ The Trustees regutarfy
revSw41h8 cash po&ith)n to en¥we th8y mfdgats any Osk 885OCtatsd￿th t)tst hovw a re88r¥e8 P￿lty in ploce.
5TRUCTUR& IX>VERNANCE & IAIMJEIAENT
The ¢￿￿SOn FoLmd8Jon ig registered the Charity Cornmls51on In Éwland andWale¥ Inumber11913571. The FouTh3alipn a Charftable Ir￿D￿rated
Organk8atlon ICIOI govemed by Its ConS￿l￿t￿n. dated 18 Sepknt4r 2020. Othèr knfoTmaUon relatiny to th8 Foundalh)n ha$ been get on palle 1 oftms
rwrt ar*1 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 TrL*teals1 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 Trust*5 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 er*ure 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 appointrf*nts 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 c*arfty 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￿ G*lements 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 prud*t',
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$dose ￿ll￿ reasonable a¢oxaGy al any lfvne Ih8 fin￿&81 position of thE charty
en￿￿& Ihem lo ensure that finan¢lJ slaltm?n15 comply th8 Charfll8s Act 2011 ￿ the Charity IAc2oth*s and Reports) RegLlatEon$ 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 8*ned 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 n*tter 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
Li*bll¢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 b*tefit 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¢
n*re&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 further*Ke 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$th8t ha¥e b¢en5et ask18 byth8 Tru8tee£ for p•rtk￿ar purp￿
Restrtcted lunds are those lo be u8ed In accord8nee V￿th 8pecffic instrUdL￿S imposed ty or hav8 teen raised bythe tharbty for SF*dfic wrpo$o5.
Th8s8 funds 8re not 8V8118bk fwTEU51ees to ap￿Y at th*rdiscrelK)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 revE6w*w8 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 reMyni*d 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 re*ased 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 oraBOm*d 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¥k*ntty 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￿ recel*d
Donated 8￿CeS
It*er8Èt 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 tl*yearw¢ 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 personT*l of the chthty, are5n cherge ofthrecllng and ¢ortrollrs. Nnnlng and
operating the chanty* n*ned 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?15WW*ra8rnp1Dy&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 go5*man￿ costs
13.839
55,520
14677
S6,U2
A6 &t the end Dfthe yaar. tr*re￿8 one ¢ut8lending fuTrJkng cOmft￿￿￿ent for£t3.639. w*lchw&È paKI to￿ beneficlarychafityknquarttr 12024.
ANALYSIS OFCHARITABLE FLINDS
2023
2022
Urmb1cted tur*k 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 b8r*fft8 Ihrough th￿￿￿plOyment vAth tho
Clarksth PLC Group, a rdaled patytothe tharty-
During thp wod, m￿et￿ry donalloni ltst81Uw £750.00012022.. £127.97nw8s r*ved frcffl C18rkson PLC, the5cts Thmb8rofthe
Twsteels 8 paid dMe¢torof Clark5w PLC. KttEchdoes not inrjude rernunernlon forlhdr ro￿ a5 4 TDJ8tea.