2021-03-31-accounts

Charity r¢gi5trntion numb¢r'. 207622 The Heinz, Anna and Carol Kroch Foundation Annual Report and Financial Stht¢mcllts for the Year Ended 31 March 2021

The Hein& ADD9 Cgrol Kro¢b Founditholl Conttnts Reference Admbiithiive Dttsils Tn]5tces' Rrym 2w4 tsf Tru5teu' Res￿￿￿]￿111¢7EB lThtewd¢ni AyditoTh' Rq OT08 of FinarKial A<ii¥itie5 Bil￿¢¢ Sh¢et Notes to ihe FiTwKial Statenwts

The HtlD4 Anna Anil Carol Kro¢h FouDd8tion Rrftrellee #nd AdminigtrAtive Detai15 Trumtts Dknitl Lth8 Dr Am￿5￿% Kashti (Resi￿￿ h FebnMry 20211 M•rg¥¢iCoitÈrn John Seagrim Xvier Christ<phtr Rushbrook Amabtl PaBt H¢&thEr A51 MJJ B A￿kAd￿mIS￿rat0r PrfjTr¢lp#l Onlce PO Box 3?7 Hampton TW12 9DD Charlty Rryblraiiofj N¥mbtr 207622 B*￿￿tr9 IISBC PLC 120 Chur(h Strttl Eccles Mjnrhe￿IeT M3 OLS Tht Bank ofNew York Ont C8n8d4 Squ￿¢ Lthidon E145AL Awdllor HAllvJays Chartered Accounts Riv¢rside Ilouse Kins5 Rc4rh Busine# Park Yew Strttl Swkpon Che5hiR 5K4 1HI) PAse I

The Htjll4 Crol Kroeh FouttdAiion TTU¥ttts' Report The mL3lee5 rKesent tht mnual r¢pjrtW8¢¢hcr￿h the finoNiNI $￿emem5 Ind 4thlitots' teKX)rtofih¢ ¢harilv forthE yer¢ndtd 31 Mw¢h ?021. Oblerllve54llsJAcllvltlEs Objects The th￿¢￿S pnnE1￿1￿bj¢(I ￿l0¥pPlY ￿a$S1￿ thos¢ people 5uffcrin8 severe rxiverty. The tr11stee5 h&ve let oul lo&chiev¢ this by n)4kin¥ wnts ￿ people its ne<d. Ob}ee#￿I,5￿￿t¢lle￿ •tt4tteihlrt The I1XLnd￿ltsll ha5 made6O8Brnnt aw4rd5 ￿ th¢ ¢yrr¢Mye4r Kallin8£79.449. P¥hll¢benefii Tk foundation wlit5 tht invtsbnent for thp public t¢rKfft by ￿0J(ir¥ 8raM award% io rthple suffering from signifK4ni rm￿￿1￿1 har&hip. The tswsttts ¢onfinh t￿ hve complied ihE ￿qUirements of se<iioTr 17 ofihe Charities Aet 2011 to have due regard io the ￿bIle Suidanre published by the Charity Comrnission for F.ngland And Wales. Appllut￿￿ for y4ntS ¢LN)Sidered ￿ tIK tru51cE5 ￿ bi-fftonthly The21￿8￿. Grants tend to b¢ of d ve in(cndEd ￿ wi$1 p¢opl¢ in nee4. Mos¢applicants Dfthr ttU5tec5 10 the uniE51rKted fimth, wbich are the frec rtJerv¢s ofthc ¢hority. al a l¢v¢l ofa six rn￿th$ expendiiure. This provides 5urricient funds to C41ver mattagththi and adrnini51ra(ion ¢ost5 and to res￿ io tmcr¥ency grarn applications. Unr¢stri¢¢¢d remained considerabty a￿Ve this level thr￿hO￿l the year. prtnclpalfJrdlnRsovrc TF¢ foyiidotions prin¢iplt fundin8 sourct is the invtSmEnt Incon￿ by the investm¢m PDrtfoJio. lJrve5rMipollo ondobjecilvcj The <hwity-s fotft*r lurtd myna8cr. OLIM Ltd c105ed at short nolice on th¢ 3151 ofJaNwy 2021 and cor￿utm1Y thetyiee5 had ¢0 fl￿ a new Man￿er for0￿end￿5￿meThI ThttsuKeeschDse CCLA and theCOIF fund partKylarly (aufie li beK 5Ulted our income ￿ rApithl 8T0￿h requirernenis as 8 grant giwing ¢h&rity. The aim 15 to Secure bfflh and capital STowth wi¢h CCLA. The Foundation L￿1t% in the COIF Chwi¢i¢S InVeStn￿￿t A pwltJ inv<stmthi y¢h￿l¢ with i Lgr8¢ nuinbrf of u￿¢r[vIng in￿(￿5 and a55cts. As Df March 2021. the value of our Investment is £0.3 rnillion. ¢he en11re￿ of all ihe <apital invested in the COIF Inytslment Fund 15 valuEd approxrnately £3.) billion. Ea¢h ￿lt repre5¢nis owTrership of a prorthion of the underl)in¥ furtd. which M itself APPTIMimRtEly 15Q inYe51tnEm holdin85. Page 2

The Hell￿ nd C4rol Kro¢h Foulldation TTUJteeyl Report Dy¢ iu Co%id-19 the CA￿1ty'S invesDDeni droppcd Si￿lfiCanTIY and found4tiOD5 level ofinrijmt ￿d￿Ced. I'hEtruS￿e5 I￿k immediaie ￿110￿ io r¢dur¢ thp thDnihty bud#ei for grani applicalio￿s. This figurt 's ￿l¢￿e￿ <)n a quartcrfy b8514 because of the c(mt1n￿d largtstalc dtLlP in dividends acr9&% IhE 5trtk Ma￿tI companies. the Trdu¢cd budget remaincd fixEd until y¢ar<nd. Due ¢0 social distsncinB and 5hitldin¥ mcasures. Ihe try5W¢5 1150 weed iu IDak¢ achsngc ul the WAY application5 were being a53es5td from pyr ￿On-11￿c. Cjrant w1￿#tIOns kiw throygTrKxrt th¢ year this ¢oifKided ihe gov¢tnTneni's annl￿T￿eme￿i of na11￿￿1 Iotkdowns. thgani￿Eion5 who prcviou3ty Applieé 10 th¢ ¢b8rity fnabl¢ ¢xpt(4w that th¢ r￿n&￿tiOn ￿11 have ￿&oUrteS to eontinut i opctalional cxTrMLnL¢ for th¢ f<Jr¢s¢trable ￿ture. F￿￿ thi5 fE&wn it ¢ont4iue5 the going concern basis pYeparin¥ ￿. fina￿1￿1 5laicmthl5. 8tructUrn,iOvernathctaTrd ma•a%trn¢ni The Htiro Anrw Ind Larol Krorh Foundallon is a reW￿red ch4rity (No. 207622) is ¥o¥emed by tr￿E deeds d￿ed 23rd M￿h 1962 and 7th August 2014. The charity 15 sov¢med by its tr￿¢ deoth whith sta thai ihe ar4)ointh￿n1 of new L5 w tht dis(T¢tion ofthe chairmBn. lJrd¥cfflvA oTDllSiee5 Ihe inducllL￿ procc55 m¢1￿je5 4 Tr￿ting with thE Ch&ir uf TtU5ttts wh& ¢xplli￿ o brief hi￿(￿Y of tht founthion.the Investinen￿ th¢ grani prttess. ￿wers and responsibilili¥ ofthe t[v￿ tK)ard. The foUr￿￿10n employs an athn1ni5tsaior￿lK).s salary isftwiewed by1￿ b(th ￿nU￿ly. Orx4nly4fi•n41slrxicliire Tra&nIn￿￿t4r rtr&Yts w the bwd stthEirbi4thual ndin85. P4g¢ 3

The HciD4 CArol Kroeh Found•tioD Trusteu, Rtport FiTrin¢ll In#rurthents ObJ¢¢li￿V•￿￿FOII¢IL The charilv'5 ￿livil￿5 CXPOSt It to a iiumber offiDaNiil rri5ks iK.ludins crtdil ri5K Q5h flow risk and liquidity risk. The Use of financi￿ thrivatives is goverDed by the charity's policies appni￿d by the Mard of Tru5tte& which PYO¥idtr written principlc5 on the use or ri￿3￿]?] derivatives monose these risks. I￿ charily 4(s Use thrivativ¢ financièl ins¢n￿nIS fly swulaiivt wtPD5E5. The chbrity'8 athivitiE$¢xpox li prim4rily to the Ilntsth¢iAI ri5k5 ofthve5DhEm yi¢ld5 inttrejt ￿lEs. Irrterest be¥ingas8ets li8biliiitsakhÈld gt fixtd r¢ io¢wure cfminty ofwh flow5. Credliplsk The¢harity s princip31 fin￿¢111 ass￿$ IrEb￿& b&kn5 inv¢mEntS. The credit risk on liquid funds ￿ limitrd beuuse tht caps tht grtttt￿ TnwJ¢ ￿ the annual irKoMe from lis ￿nfOllo. After ensuring reserves are retAined fw its athniniSlrttIOn ¢OIIs. DtstknuTE DllnlaTlnatlDD toaudrtOT Each tru51ee ha5 taken sleps Ihal they ou8hi ¢0 have taken a5 8 truske in order to m8ke tknstlTr￿s aw4re of any ielcvani 4udii infonnaTi4n aTKI lo ￿t￿blISh the Ch￿ty¥ &udilor is of thai inf(ymiAiion. The ¢n￿te$ confrm thot ther¢ Isr￿re1cV0nl infixmaimx) thai they know Dfand ofwhich the auditar is ￿na￿re. Ruppol•iment oludltor Thpauditors Hallidays are deemtd EO btYt8pp)inted under cEl￿ 487(2)oflh¢ Comppni¢i Act 2th)& POrtw￿ 4pprDvedb) th¢ tnw¢M ofthe¢knty 2Juty 2021 and Si8ned on hs bthtslfby.. DanKI Ctrwiswphe I'rnstee RushTroDk

The HtiD4 Anna Jtd Carol Kroch Foundmtion Sttemtttt of Tnuttes, Reponsibilities The trustees are reswnsible for twarin8 ihe tru51ttS' rtport and finArK￿l ststemenis in a¢(ordanEe with the Unilcd Kingdotn AccDuniiTrs Stthdw&4 (Ilniied Kingdom CJen¢rglly Accepted Accounting Prxtic¢l and aKpIKable law and regulations. Thr l&w arplKthle lo ¢htriLies requir￿ the tnute¢s ¢0 wepare finwKiryl ltattrnents fwed. subjeth io any d¢rArtYTES dis¢lod and cxplained in thc finan¢￿7 stAttm¢nts.' etre the fi[￿¢]kI statements on the goin8 corKern b45is ii is inppprwra to pr¢5Utne that the charity will roniinuc in busintss. The trus1￿ sre responsible foT keepin8 PTOW 8¢¢ountinA record5 th dI￿105e with rvdsoThibl¢ J£cur￿Y at any limc thE financial p05ilith of the charity and enable them to ¢nsure iht the firthnciil slatCmEnt5 cumpl) wlth the ChariLies Aci 2011. Ihe ￿PliCa￿le chwit1￿ (Accounts and Reports) RcBukntiOll5, the w0v151￿S of the conithNion. The mL%tre5 are a15Q ￿5pD￿s]ble f(* %afe8uarding the asse￿ of the chorit) and hence foi ￿kIng steps forthepreyention and dete¢tiOll offr8d artd otherim8ulariiies. Approvcd by thc tru5tecS ofthe Ch￿ty on 2 July 20214ThI swKd on its beh￿rbY.. Ttu%Tee Chri5twher Rusthbrook Trustee

Tht Hein4 #ttd Carol Krorh FoulldAtion IDdtpeDd¢Dt Auditor'$ Report to the Membtrs of The Hell￿ ttd Carol Kroeh FoulldAti￿n OpiDIo Wt havtauditedthe firthCi41 ofThe HciThL Anna and Carol Kroch FouAdaiiOti (the chthty,) for the￿r tnded 31 Marth 2021. which c(Thpnse ststen￿nI of Financial Activities. BalarKe Sheet. and N(rtes ttr tht FinAn¢i81 Si8t¢rncrits. in¢ludin8 a 5umrnao' of8i8nificsnt accounting policies. Tr finan¢￿1 r¢pthin¥ frnntWOrk th&i haj ten applied in their p￿pa￿lMIn is Unitrd Kin8d￿n Accowjiing st￿ cornprising Lharitiey SORP- FRS 102 'The Fin￿(la1 Rep)rting staT￿￿￿ applicable in the UK And Rcwblic of Ircland, and applicablc law (Unmtd KingdoTh Generally Acyted A￿0￿￿11ng Prar¢icel. In Ouropjnion the financMI stat¢snenrs'. Biye H true and fair vi¢M of th¢ sw¢ of th¢ Charity's d(f4irs as ai 31 M&rch 2021 and of its ulcomln8 rc8iNllte5 andappliCalKinoliesoLTees. incl￿1￿8 IT5 Incofft¢aT¥J ¢xwndiwre. forihe yearthen ended.. h&Ye beertprorKrty pre￿re￿ accorthnce ￿1th Unn¢d Kingd(￿ fjenerally Accepted Acc(thing ]¥actice',And Ye bEen prerAred in&cCord￿CeWith th¢ rrquiremThs ofthe ckn11￿ Att 2011. BA5ts fvroplthloo We conducted our audit in 8c<orthnce With ImternatiDnal Strndards on Audiiins IUX) IISAS (IIK)) and appli¢8ble lllw. C)ur r¢s￿nsIbl1111¢4 under the sthnd4rds #rc fvrthrr dc5cribcd in the Auditor's ￿lFI￿SIbIlitIes for the audil of thE statcmcnts scclion of ow rep)rt W¢ dre ind¢wdeni tsf the ¢knrity in aCCord￿￿E with thc cthic requirements th&t art rekv2tt1 to Lyjr of the financial statements in the UK. including FRL'S Lihical 8tsn4ard. and lave fvlfilled our ￿ker¢th1¢al ttswnsibililiEs In accoTthKe ￿1th thNe rryu1re￿¢Tht￿ We believe ihat the fjudit ey￿enCe we have is syffi¢ient appropriate ￿ pTr￿dE a foT ouropini(m. Co￿¢1￿$10￿5 reliiTriifj ¢Dn¢ern In audiiing the financial siaiemenis we have concludtd that the tsusw YS¢ ofthe goin8 ba5i&ofom)uniing in th¢ rttpntion ofihe financial swemen¢s is apwopri81e. on ike we have perfomeé. wt have noi Iderttifitd any nweripl wwrtainl￿5 relatiJB ttTrevents QT cwdiiioDs th. tiidtviduajly w colleoiv¢ly. mayeast 5isnifirant doubt thE ch4rity's ability toconlinue 3s a going c￿Cern for&wiod ofai leLst twelve months fr<Mn th¢iwibiiMI financial 51thtnrnLN were aUtI￿ri5¢d f(Y i55ue. oLrf¢5W￿5ibITritlU the r¢5P)n5ibilnies ofthe trus￿$ wth Tesr<t to 8Onwcortem dexrityd inthE ￿levant seetion5 ofthi$ trwn. Otber Inforn￿t￿ll The TrustEe5 aTe r￿pOnSible fw the ￿h¢T informat￿Tr. The oikr infLYrnation wnwris<s inf¢tmatiOn irtlu&d in Ihr annual rc￿rt, other finsncial slateinenls our •udi¢or's rewrt thereon. Otr upin￿￿ on thc fthBnEiBI siaiemcnts dw5 rtol ¢ovcrthc inf(Kmdlion cXcepi￿ theextrni(h¢rnvis¢ explicitly 5taied th our rer)n.W¢ do not express any Or￿sU￿an¢t(0n¢I￿10Th ihtrti) In ¢LMUKxiion ith Qur a￿111 of1￿ 5LIT¥ments, our resp￿SIbIlity 15 10 re40 the othtt Infonn1￿ a￿. in doing 50. ￿nSIder ￿ether ihe thher inf<>Th￿lOn is ￿￿enAllY inconsi￿ent with the finanoial ￿ate[ne￿$ or oNr knowledse obtsined ID the audii or tyherwTr5e appears to ￿ mA*rially mi¥Stated. If identify such Tn￿trIal incon5151cncic5 or apwern material misstaternents. we Jr¢ required ¢0 delemiine whethcr Iher¢ is 8 ￿￿e￿al M￿sLIttl￿en1 in tli¢ fin8n¢ial sth¢¢ments or i M￿e￿al rn155tstrrncni ofthr ijthcr infolrnalion. If, ￿ed on the work c have ￿rf9[med. we CQTKlude thai the￿ is a material misstaien)ent of Ihis Oiher infornaiion, Kt are rt4uirt4 1¥ twrtthat fatT.

The HtlD4 Anna aDd C8rol Kro¢b Foundation IndtpeDdeDt AuditOT'5 Rtport to the Memhers of The Htill4 Anna C#rol Kroeh Found¥tioll Wth&Ye nothu¥ ￿ rewrt in thisTes MAt¢er5 oTrwhi¢h we •r¢ rwvir¢d t￿ report bv eACtptb)Tr In ¢he lighi of our knOw￿d8e undct51andins of th¢ ¢￿rity its ¢nviTimm¢nt obtsinvd in the of tht audil we have nol identifiL.d nJJlluial In155￿lem￿lS ill the Tr￿￿5, R¢poM. We hDve noihing to rcport in respEcI of the folltsffin8 mthers ￿tre ¢h¢ c￿rit￿s Act 2011 requ)￿5 u5 10 io yw if. in ouropinK)n-. ¢quAte htcounting re£ords ￿Ve ]￿t beth kept. or r¢turM ￿equal¢ for rfj of th¢n on tht b&sis of As of an a￿rt in a￿ordI[￿e wth 15As (UK). we txercise wofe55lo￿a] and fftalnts￿ pyofessional ¥¢pti¢ism Ihrou8hoth thE &udil. WoAIso. Identify and assfss the ri5k5 of Tnaterial [nI55t￿emeTht ofthe financial 5th1ements. *hwher du¢ to fra￿ or erftx. Je5ign and r￿OrT￿ audil prottdurc5 rc5Nbn$ivc to iknse risks and obthin audit evidence that 15 Sufficient and appropria￿ ￿ proyiac a b35iS for our opinion. The risk of noi dciecling a malcrial m155talLm¢ni r¢syltinu fro ud Is higher than foroTK resuhiDg from ytror. as may Illvolve collusion. lor8erJ. ￿len11￿￿1 offti55ion& misrepresmtsiions. orik Ove￿1￿ ofiniernal cothirtsl. OtrAain an Iinthrstanding of infernal rontrol rclevtthi to Ihe audit in i>rder ¢0 d￿1B￿ wjdit prorcdurts th&t aye propriatr in the c]￿uMSta￿ve& not for the pu￿￿￿¢ of exrre&%in8 4n opininn on ihe t￿e￿1vent￿8 of ihe chvity s inttrnal control. Pw7

The Htln4 Anni and Cthrol Kroeh Foundation IDdtpeDd¢llt Audi¢or'¥ Rtport lo tht Mtmben of The Helll4 #ttd Cxrol Kroeh Foundation Evluats the 41wwaterJESS of acciN]nling polici¢5 Ys¢d r¢a50nabkness of accounting e￿iMTh reled disclosures by thttrusiees. Ctsntluth on thE apPro￿alenesS of ttustf5 of thp going basis of accountin8 and based on i dit e*i&nce obtAin¢d. wh¢thtr a material uncemainty exists reknted to evmts or (￿di1￿7￿$ ihii nwy signifKgn¢ thybt iht chrilJ'5 ability to ¢(mtlllUf a5 B soins concern. If ￿ conclude thal a rnateriRI uncemaint) exist¥ we are rryuired ￿ draw attent￿ry ITh our wditor's r¢ivxt ¢0 Ihe di&ilu5Urts in the rthAnci&l ￿ait￿lent5 OT. if5u£h di5c105ure5 zre inadequate. to tr￿1￿. our opinion. Our Co￿lUsIOnS are based on Ihe evidenre 0￿1￿cd up to thE dale of our auditor's rep￿. Howy¢r. finure events or coTrJiti(ms rnay ause the ch&rity ￿ ¢ew 10 ¢ontwy¢ as a8oinB ¢¢rK¢m. Ev4ludte the ov¢rnll wesent8tion. m(tw¢ and to the chari￿ I￿￿ees. 8S 8 bthl¥. in AC¢Ordanct wiih 5E£iion 145 ofthe CIwii¢5 Art 2011 and reguL4tions made under 154 of ih3t A% Rea¢h Business Park Yew Street Siwkp)rt Cheshire SK4 2HD Q..L.l.0 4./.11 Page 8

Th¢ HtiY4 C•rol Kroch Foundgtion StAtement of FinanciAI Acti%?tie5 for the Ytar Ended 31 March 2021 Unresfrirtrd rund 2011 Note Inv&lTnent incorne Exptndltur¢ Trn.. Raiqing fund% ¢hari1oblt wtivitie5 (124.999) 1124.9991 Toul ￿%￿ndIture incorne Ntt sa￿￿110￿) on investrnent auEts 1g.(A)4 1,078,971 19.604 1.078.971 Net mowynl in fvnds 1.09&575 1.1)98.575 RE¢on<llkntlon Drrund Tothl fu￿5 brought forvjard 5.348.831 To￿) fU￿J5 ¢wriel fO￿￿d 6,447.406 447.406 Vnrestri¢ltd rulld5 Tothl 202D Note Imcomt End4)wllLtnts rr41rn'. Invc51rncnt IllCOrnE 317,492 317A92 143.4001 (43.4WI 1273.IKW) Tthal F.¥￿nd1¢￿re (316.4fy1) 1316.404} Ne¢ iicom¢ Nw gain4110￿) on jDv¢5Dn¢ni 1,088 Ne¢ ID {1.801.027) {I,Wl.927} Ttyal fvnd5 bTOU8hi for 7.149.858 Totsl fund5 cThed fon¥￿d 5.348.831 All ofthecharity's a￿1vIl￿￿ derive wniinuin8 (wwi(￿5 dyringthe two penits. lThe fund5 sho￿￿ in hrxe 14. pgges 1 I to 21 forfft ￿ int￿1 prtofthe* r]nèn¢ial PaBC 9

The Htltt4 Cxrol Kroeh Ftruttdation (Reglstratlon t)umbtr: 2076221 Bzlance Sheet x% ¥t 31 Mgrch 2021 2D21 2020 Not¢ Filed 155ets Inv#¢m¢nts 6.310.8JO 4.790.717 C¥rre•i th5sets Cash 3t knnk in 142.374 8.840 Cryd4t&rs: Awtyunts flllni Oue ytrllhln yt•r N¢t ¢urr¢￿t sts (5818) 11(556 Net •Mets 6,447,406 5,34&831 Fundsoftbt¢hYllY'. Untestrkled IDcorne UnrtSÈridrd fU￿J5 6.447.406 5.348.831 6.447.406 5.348.831 Thc financial ￿￿ternents on py 9 to 21 8prrfova by the ondJffikni5td for I￿U¢ on 2July 2021 siÉn¢d on their ￿h8]r by". i¢1 Lans Chri#opher Ru5hbroDk Trywt py 111021 form an 1rne8r￿ rArt ofthtte finBncial 518ternents. Page 10

Th¢ Htlkl4 Carol Kroclt FouDdtion Notey to th¢ Fingneil S14t¢wtDt$ for the Ye•r F.uded 31 Marth 2021 Slitemcnt ofcomplvdnce The fi￿2￿ClaI slatemtni% hayt been prep¥d Accouniing Repming by Chariiie5.' StaieTheN trf Re<omThended Pt8¢iTree 8ppli¢able lo charilie5 weparing their ¥c￿u￿15 Ill TLCOTdance with thp Financial Rep)rtiiig Sthndard •wlKJble in the UK and Rtpublit of irtland (Fas 1021 letreciiwe l January ?015}- (Chariti¢5 SOkP IFKS IQ2}X the keporting appli¢able in the UK Rryublic of lieland {FRS 102) Chhrilits Ati ?01 l. B•515 ofpnpArntb?Th The Hein4 Anna and Carol Kroch Founthtion ihe definllKm ofa puNi¢ b¢Defi¢ emny under fRS 102. A55ets a]￿ liabilities art lnill￿1￿ reco￿￿ed at hi510rical m or tyan5xiion value wile55 othMvi￿ S￿led in ihe ￿1¢ acci)uffling ￿l1¢Y notes. The fil￿￿111 siaiemenL% Keserttt irt St¢rlin& which IS￿59 the fil￿10￿11 ofihe ChaTKy C¢Jln% ¢Meern The ¢ru¥lt¢s (￿s￿r thRi ihtte 4r¢ M m•riÈl uncertainties kknut tht ekniws abillty to comfjnuc a 8Oin8 In¢omt #nd eThdowmenis Voluntsj) ifflcoime including donpiK)n5. gifts. kgacics and yanis iht provide cojr fundni$ (are of agenerdl nAIU is when the ¢hariiN ha5 ¢ntnlerneni w the I￿￿￿¢. li is prvbabk that th¢ incoine will be rKel￿d and ihe ¢an be rnea￿￿ with suff￿1¢nI Tvli3bility. Donions and ￿¢￿I5¢d arffeivable basi5 T¢ceipt 15 probabkand ihe omount C￿ bereli4bly m¢E5ur¢d. Inier¢51 on lunds held on deposi¢ is llKluded ￿h¢￿ receivabk the amtyjni 1Th￿￿red ￿lIablY by tht charity. thi5 is ￿nn￿lI5 upon noiificasion of the paid orpayable by the bank.Dividends are recogni5ed once th¢ ha5 derlaT¢d IwbMTtttiv¢d of thedivFJenddue. Exwdilure All txpendilliie is recognlsed once thtyt ts * legal OT ¢OnStsuCtiYe ob1)E￿i￿rt exrthliturt. it IS yobabLt sa¢lemeni is required and the amoun¢ fdn ￿ rne4sured reli8bly. All costs aye alllwata to The applKable experbditure headin8 ihAt ogyeg8te similar cosls lo ca*gory. Wher¢ ¢4nTrot bedir¢tth. 8nribuied ¢a p8rti¢ylFr h¢￿Ing5 thEy have bEcn alloCa￿d on a ba515 consi5g?nt with thE use of rL￿o￿T(el central costs allocated on thE b&%is of lime spen4 depytciallth C￿rEe$ dIoca￿d on pL￿￿n oftht ￿set'S ugt. Other Supwn t4)srs are 4Iknc￿td b&sedon the SpreE￿ of mff costs. Page 11

Tht Helll4 Carol Kroekn FouDd4tion Notes to the Financial StAtemtnts for the Y¢4r Ended 31 March 2021 These are (oms incurred in attyaffiing volunwy inron￿. th¢ of U1¥estmtt￿ Jd th￿e irtculled trwjins aNivjriesthat rais¢ fvnd> Cknwble expenditure comprises lho￿ cijsls incurred by thE chariry in IhE delivery of its activitie5 ser¥i¢eS f it5 LKncfKiaric5. It incluth5 buLh COST5 th￿ ¢8m k 8lkai¢d dirtthly ￿ such a¢livi¢￿5 ¢bos¢ gf ￿ i￿lre¢l naiuye necessan. 10 suf•LYilhem. Provisions for granis when ihe intemion ¢0 ha5 b¢rn Ivth¢ t¢¢1p1¢￿ thtre i$wn¢¢rwnty a￿￿￿t￿h￿￿th¢t1mIng ofthe orthe amouN ofwptyabk. 5pport ¢osts Suprth cosis iNludt centrLI h￿ClI￿5 gnd hBve bttn DI1￿￿£￿ ￿ xiYity ￿￿rI¢S on a basi5 Wn5i5t¢nt the ￿se ofrns0u￿Cs. fore¥4mpl¢. allordiins wope¥ry by flooTW OT￿rEaP1￿ stsff ￿ by1￿ time 8PÈIrt 4nd othEr costs bY1￿IrUSaSe. Gowerth#n¢e cosis These include ihe costs altribu￿bIe io ihe tharity'5 ¢￿pIla￿e ￿7th fQTLYiiLMional ￿ tytWQry TWUitement$. includin8 audit. strnleBK ￿d￿u￿ee5.S mEerin83 and rellnbJt5Ed expeh$4s. Tx¥iknTr The rharirj, ISCQnside￿d iopa55 Ihp in P4RgTrpb 1 &h¢dule 6 ofthe Financt A¢t 2010 and therefore li ¢￿S ih¢ definition ofa ch3rnablecompan) for UK COTpoMion lax puwe5. ArtOTdin8ly. the charity 15 wientially exeTnpt frofft taXalK￿ in re5PEcI Orinc(￿n¢ or Bains recEivd ￿lIhi￿ cve¥¢d by ChyA¢r 3 Part 11 orth¢ C(xwAtion Tax Act 2010 or 5tction 156 of the Taxaiion ofChfiry¢able (jall￿ Aci 1991 ￿ the th such incimnt or 88in5 are appliedexclusivelv ￿ charitabl¢purrM>ses. DppreriRt￿Tr tkpreciaiion i% provided on t￿ible fixed so as io off thr or V￿vat￿ry ]rss pny rESidu value. overtheiE ex￿Cd useful economic life a5 folknw5". FiiEd Inv￿t￿P￿t￿ F'ixcd asscl invc51mcnts. othEr lh￿ pro8TaTnmE fEl&tod mVE5Drnt5. art In¢lUd￿ #irna￿t VÈ1￿ ai the b9￿¢ sh¢et d￿e. Rca115ed ￿]rts <)n investhnts are cakulad as the diffeRnce between sale5 PToceed5 and tr¢ir markei Vdlue 81 stan of ihe )Yar. or their subsequffii COSL and we chaTg¢d or ￿e417d ty th¢ St¥¢m¢nt ¢f Financinl Activmtt in the ￿riOd Dfdisposal. Unrealised gains and loss¢s reptts¢nt the movemffli in nwk¢t Ydlursduring the yeaTaNizffj¢ ¢redid t the Sw¢meni of Fina￿(111 AthYKi¢s based ￿ the mark *th¢y#T¢NI. PA8e 12

The Anna Carol Kroch Foundatio Notes to the Finn¢iAI St8temeMt$ for the YtAr Ended 31 M#reh 2021 C￿h tqlllY4lEnts C85h and cash equi￿lE￿LE comprise c&%h on hand and Call depo5ilS. other 5hort-ietm hi¥hlJ li9uid invesbnents Ihat arc readily convertible ID i amount of¢ash And arc Subjc￿ tu an ins1￿lfIca￿I risk of¢hange in value. ￿NeI￿re Ilnre4trids. Conrribu¢ion5 ￿ Lkfined pl￿5 8r¢ Twised I￿ th¢ STrmpM of Financial A¢riwii¢s arE duE. [fc￿￿1￿tK]n [￿>￿￿ents exceed thE c￿tribUtI￿n due f(K 5etvKc. the exce55 is recognised a5a pfEPWrtent. 2 l&ves¢mtMi Uthrtstrl<ied r￿n￿5 Totsl ID21 I￿Ome fTom divjdeTrJs.' Djvjdends rec¢jwAble fnim other li4el ￿ve￿n¢￿ Inter¢x r¢¢eivableand Simi￿ inrorn¢". I￿reSt re￿1vabl￿OnIw& deposits 23 23 Unnrytrirled ruTh&s General Toi•1 2O21J In¢thnE from dividends." Dividends reetivable from ￿her listed inirments Intere￿ rectivableatyj $imitsr ittomt.. In*resi recei￿ble0￿ bAnk deposits 879 879 317.492 317.492 Page 13

Tht Hein4 Anna and Carol Kroth FouDdatio Notes to the Flnttelal Stttmettts for the Ytar Ended 31 Mirch 202J J È¥wDdiiyr¢ ¢h•rtsbJtitrlvttlEi UDrtsirkned Tot•l 2021 Note GrdN fU￿JIng ofariivjric5 SL91f￿5 All[￿￿ed cl￿5 Govrr]wKccoM5 79.449 23J91 1.983 20,176 79.449 23J91 1.983 20.176 124,999 Unrutricled run05 G¢n¢ral Totsi 2020 fjrani fundingofxLIVILK5 Siaff ¢oMs Allocated suppyt 229.431 229.431 23.216 5.552 16.805 3.J52 273.otm 273.W Grnms of£83.908 were during ih¢ yw. £4.4fj9 of8rants owarded were tsken gtants ￿Ld of £83,908 iti¢luthd grants ￿ insiiluli￿s lo￿111￿¥ £46.068. Thts irtcluded £2,697 Paid io Cetitre 63. £19.696 toArBO& £24.275 toHackney Miwi Centre Tijiil wnrs PAid toindiwiduals t￿alled £37.240. Grant fu•dltsE ofrtli-lty s•pp)rt costs 1021 Graiits Pdkl OtherAciivities 79,449 79,449 25.4 79.449 Grn•i fvndlnl 25.425 104.874 511PPQnfV515 202 Gr4Ns pJtyJ Oth¢Y AthIryIiES 229.431 43.573 43J73 43J73 273.0 Pw14

Tht Hel￿ And Carol Kroch Fouhdatio Note to the FiDaDcig1 Stittrnents for the Ytr Ettded 31 Mir¢h 2021 4 Atslys1s tsf powtrnDttaDd sPPOrtewly 8uprth eojti allocit￿ lo fuhds TtstAI Z02Q 2021 Inve5Dnent ￿]￿￿￿￿ethnt ¢osts 23,578 23.578 43.400 SuppDrt owts Allociled to ¢hArit•bk•rti¥ltlts Other s￿ppDrt c￿Sts Total zoii B18h ofllouth>n sthftC05 oiritt expen￿$ Other services 19,0S8 1.2 19.088 1,296 Employer ptnsion ¢Mtri￿1 Bank chuBes 4,354 307 4,354 307 25.425 Other supparl colts 25.425 2fj20 B*5ts rfJfAlknutknn Hours Swff 0ificeexpense5 (Mer service Employer￿￿510￿ ¢(Iniitbution Bthk chw$ 11.863 18,863 1,432 4.354 305 4.354 305 26,768 2&768 PA8tIS

The Htlll4 Carol Kroch Foundation r4oteJ to ¢be Fin4neial Stttments for the Ytar Ettded 31 M8reh 2021 Unrulrl¢ted Totsl 2021 GtTrernl Sthff costs Wages ona salaiies PensK)n w5 Audrt fees Audit oftht fmantial SLgtsmertts her f¢¢$ pavj ¢0 auditors OthergovemarKe costs Allocated sUPPM ¢OS¢S 4.772 1.088 4.772 1.088 3.819 3.273 6.726 496 327J &726 496 20.176 UDrestrl<ivJ Total 202 Geoeral sthlfcosts Wagesaro salarits Pen5iQD fees ofthe financial sthineffis Oth¢rf¢¢s toauditors Othergov¢rnanr¢ rosts All￿ated supportcosts 4.716 4.716 1.083 3.001 3,095 3J57 3.661 3,095 3.357 888 16.805 16.8D5 5 Tru$tees tMunEr¥tlots EipeTrxs No ￿sItt$ have rec¢i%'¢d any rtirnbuysed expenst$ from the charity th]rinB the year. 6 S¢aff costs The 4greka pwoll w*sw¢r¢ a5 folhMvs.' Page 16

Th¢ HeiD4 Corol Kroch Foulldgtion Notej to tht PinJLD¢iAI StaterneDts for the Year EDdcd 31 Mlrch 2021 2021 20ZO Stsfleost5 durlThB the ytArwere'. Wa¥ts and salar Pert5Kbn costs 23.8r 5.442 23.578 5.442 29251 29.1)20 Ntrthnpltryee reetiyed tmtslumts￿$ ofnKJre £60.1￿ durin8tht)rar The monthly 4v¢rnge nwnber of wr3on$ lllw1ydl￿ Jenior leam) ernplD)Yd by the charity d￿n8 the year¢xpres5Ed ssfull r4uivalents wa5 a5 follow5". 2021 202 Thpav¢r1￿ nurntr¢r ofeThploy¢¢5 duringilK 7 A￿dIt•￿' reinufitratlo 2020 Audit ofthE fIn￿CIal Maierrths 3.819 3.661 Othtr ftt5 to audI1￿r All (*herh(xl4￿ll s¢tvt¢es 3275 3.095 PaBe 17

Tht HtiD4 ADDI And Cllrol Krorh Foundatio Ploles to ihe Stttmtttts for the Year Ettded 31 M&Teh 2021 8 T#AatioTr The ¢hthty isa registeredcherity is th¢Rfore ¢xry fr0mtsxstl(￿. 9 Tallgibk tlx¢d 055ets FurniiureA#d pmeTrt Tot1 Cfyst Ai l April 2020 Ai 31 March 2021 ikpreliaiion At l April 2020 At 31 Marrh 2021 rt v*lut Al 31 March 2021 Al 31 March 2020 P4e 18

The Htlth& CArol Kroch Foundation Notes to the FinAneial Stat¢meDts for the Year EDdd 31 MAr¢h 2021 10 A￿¢1 iDvul]nents 2021 102 InVest￿￿￿ts 6.310.850 4,79&717 Totsi Cwl orvil￿￿￿> At l April 2020 REv&luatlDn Athiiion5 Dis￿￿15 4,796.716 4.7%.716 1.078.972 1.078.9 6.657.748 6.657.748 {6.222.586) 16.222.586 Ai 31 M4fch ?O?I 6.310.850 6.310,850 knk ￿lut Ai31 Mwch 2021 0.310.850 6JID,850 Ai 31 M¥th 2020 4.79(716 4.796,716 11 CAih ¢wh t￿￿1vIl¢￿ts 20ZD Ctsh at b￿L 12 cr￿110T$.. flli¥due wlthlm olleyur 2021 2020 l)ther ILution Hnd soc￿1 Jcrurity Other ￿￿110 Acctu&li 742 1.606 3.547 5J18 16.726 13 P¢n$H>n ¥nd ￿hersChemeS l)ellntd roBlrlbutthts pthstDn Kh¢￿¢ Thc chbrit) OFKYatr5 a d¢fin¢d contribution pension 5chen*. The ￿my10￿ ¢03¢ Ch￿8¢ for the ye4r represents contributions payable by the chtrity iothe scheine Ènd aMoL￿1¢d ￿ u.44212020- £5,442). Pa￿ 19

The Hein4 ADlla and Cgrybl Kro¢h Foundation Notej to tht Fittn¢ixl StattrneDts for the Year Endert 31 Mr¢h 2021 14 Funds Olher reeognl￿d {￿l￿5)nD&￿e> Dre￿t I April 2DIO Incoming Rtsourc expEndtd Jl M•reh 202I Ullrt51ricled Gen 5.348.831 6.447.406 Other Resour¢es re¢oktsil B11￿Ce￿I B•lp¢t 81 1 rts0￿￿ U•TCStrlcted Un￿sM(d ger￿ra] fun 7.149.858 J17.492 31&4r 1.802.115 5.34&831 15 ADilyyLT of•et ￿13 between Unrestrt•¢d ruDd5 Tothi Thn¢J$AI 31 March 2021 Fixa in¥e5tnKnts Cyrrem assets 6JIO.8 0.310.850 142.374 loial rrtt assets li 6.447,4( 6.447.406 VDTe5tritted fund5 Totsl t¥Trd5 *1 31 2020 Fixel a55¢t Current Current liabtlities 4.796,717 568.840 4.796.717 568.840 Pw20

The Heill4 and Carybl Kroth FouDd•tio 1¥40teJ to the FiDaDcial StsterneDts for the Ytar Ended 31 M*r¢h 202J 16 Re￿tt￿ p•rty trnni8clions Duringihv se4r th¢ ch3riry madethe following re￿£4 rqrrytr4nsacFiO Mr8 B Asi 14 Asile. the foLmdaiions adminthtor is dwghter tn-law of one oftk H Astlt. B Astlt received s313ry of £?3.860 12020. £23.5791 and [￿nsIon ¢QDtrI￿nO￿$ of £8.4d2 12020.. £5.4421 as administrdwr. Thr rcmuncration 15 by the knard. Al the bhLqnce sheet date the smoulli due ￿ Mrs ts Astle £1.60612020- £1.6061. P4g¢21