The Everard Foundation
Annual Report & FÉnancial Statements
For the Year Ended
5th April 2022

The Evergrd FouJdation
Page I
Aniual
rt for the Year Ended 5
2022
L¢gal and Adminigtrntion Detsik
Thettiistees aTe ple&8ed kn penttheirreporttogetherwith the financial ststements of th¢ ¢harity
for th¢ year ended 5th April 2022. The fmancial statementshave been PTepared in accoTdance with
th¢ accounting polici# set out in th¢ notes to the the acwunts and comply with the chaTitys goveming
document. The Chariti% Ad2011 and Ac¢ounting attd Reporting by Charities: gtaternent of
Reeommended Prg¢tice applicable to charities preparin4 their accounts in accordanc¥ with th¢
Financial R¢portiD8 Stat)dard 4)pli¢able in the UK and Republic 0£1￿18￿d wblished in Othib¢r 2019.
Th¢ Tnwees affling throughout the ycar, who were not tunun¢rnted and rectiyed nts
expenses. w¢r¢:
Mr. Richard A.S. EVer￿d
Mrs. ser￿A. RT¢hords
Mr. Simon J. Athinson
Mrs. ChsTlotte lone Vowl&s
Mx. Atkingm ig, htswevu. & pgrtner in Currey & Co LLP. 33 Quetn Anne Stre£L ￿)T￿on
WIG 911Y, 5oliciiQrn to the twst who provided accountsncy and tsx services Ghargiti8
an annual f¢e in this connection. detsils of which appear in the financial S￿￿￿ents.
The inve9tment portfolto managerg gre Eve￿ Parinets, 45 Gresham Strctl London EC2V 7BO.
Th¢ eharityg bankerg are Natwest PIE LLicester City.
The independent ex8Tniner ig Ailsa Farey CA. of MillbankFinanGiAI S¢ThiG65 ￿ Fourth FI￿r,
7 Swallow Str¢¢4 LondoT4 WIB 4DE
Stru¢¢uTe ManagetheD*
The chgrity was esrablished as & grani making trust by D¢ed of Trust dat¢d I lth Ortobtr 1976
and is rystwed with the Charity commissio￿ No.. 272248. The ¢haTity's address is 33 Q￿ell
Anne Street, London WIG 9HY.
The eh3Tity is controll&1 by a l)o&rd of tru5tGefj who llwi4g¢ all aspects of the til￿t$ affAirs and in
hom vests the ￿Wer to app(pinl tnJst¢d.
Thetraitting needs of the tntstéts are revièwed on an gnnual basls. ond existing truste¢s a
provided with traInll￿ ¥ and Wh￿ required. ThBtiainins costs inGurred in the cuttefit ye&r
wer¢ £blil12020,QI.. £Nil)- They have received appropriate briefing on their responsibillties
uniler the law relating to ¢hariti¢s and th¢ir duty to cnsurethat their charitabl¢ activities are for
th¢ public b¢n¢fit. Tho geleetiot) of future trustees wll have Tegard to th¢ skills, knowl¢dge and
experience needed for thc ¢ffefflive administration ofthe tharity. Any new tru$tees will be
piovided with copies of the Chsrity Con￿]SSIon,5 guidartC£ to trustees and gtv¢n an iDtroduction
EO tnE #iLl¥li4¥b VL Uif Wi4uIIy VJ Ultr
R¢i#ttd Parties
No transactions took place with reIated parties although ¢xp¢Dses are ¢harged for the services
provided by Currey & Co LLP as disG105ed abov

PagF 2
Risk Manag¢m¢llt
The majorrisks to whi& the ch￿lty is dwretically e
profitabilty thus dividen& deelartd onthe tr￿8, SI￿￿1£¢ant shartholdittg lll Evetard
Brewery Ltd ("EB Ltd"). I privately owTh*l comp2ny. andthe incomk￿tM￿ of its invesfvt
are a SI￿lfi￿lt downtutn in
anagcr5 alld th¢ ttaud or n(g￿Se￿￿ olth¢ ￿51￿3 01 th¢ir bankGr4 dgmts oin0￿Ill￿&,
Thelrustee$ believe tbat by delegAting investment management to recognised cithTity
]nY¢stu￿￿ profts5ipnals and monitoriug th¢irperfOn￿ee, they have established the
ffectivt systems to miti8at¢ th¢se risks. The twstees 8]so believe that ti remaing in the tr￿tr$
kst intcrc* to (ontitiue to hold shares in EB Lid in the eiyectstion of a reasonabl¢
davidend income strexm deriving from that sh￿ehOlding. The trE]Stees maintsin close Itnks
with th• B¢)ard of DireGtor5 of EB Ltd and r¢D]ain confAdert¢ in th¢ manawt of the Company.
The trusteeg. ha8Yng agsessed these ri$ks. 2re satisfied that systems are pia¢e to mitiwe
the charitys exposure thereto.
The Tnastees have $atisfi¢dthet)yclve5 that thetsitst is a going eoftcern and hag adequate resources
to continue in operaiional existence for the for￿cable futtwe. Th¢ chaTitabl¢ activities are funded
by the inv¢btr¢nc portfolio and alth(￿gh Covid-19 has had a negative ithpact on this, the portfolio
has Sufficicnt VRluc to.wpport c4)ntinued gtEnr n￿king.
obJ¢th￿ Jnd ArthTits¢s
The charitils obj¢tts PTovide thatr.
"Subjectto any appointment the Tn]stees should hold the Tmst Fund upon Tnjst io pay
or wply tFLe income thEreof to such charktable follndations 8nd for sueh eh2Titable
pwpos¢s a5 the TTUSttts in th¢ir di5cr¢tion shall from tim¢ to lim¢ think fit"
In wnsidering how best lo achieve these objeuives the tnLStees hav¢ had rrwd to tli¢
8uidanc¢ on public benefft isgued by the Chariry Louunission.
The objective of the trust ig to geekio obtain a su5tsinable rctum fmm Iheir investment po￿0110
and in parti'¢ular an income in¢r¢agins at le&st in line with ￿flativ51 ov¢[ th¢ medLUm terni. The
charity is reliant on receiving neithtr additionh] fimding from donors nor any particul¥r
I￿] of in¢om¢ froln its inv¢sknent&
The trustec5 nomMSty oftly DRke grants or103EJs to Oth￿ r¢gigtsred eh2ritie$ in 9re9s in whieh
the ttuslees have an interest in parti¢ulor, the advan¢¢m¢nt ol¢ili•W)ip or WmmUDity
velopm¢ni envir4)nm¥ntsl proteL#ion #nd irnprovemert 2thd the telief of th018 in need in
and ground the county of t£ic£st¢r5hire. The 5GOP6 of th¢it giving is detem)in¢d only by
the ext¢ni of their resources" it is nol otherwjsc r¢5tri&ed either geowhically. or by th?
type of aetivity ca￿le￿ on by prospcctiv¢ btn¢fi¢iarie5 or Y&ppli(*nts. Th$ tnjsoes
continue to rnake gtants in support of eharitsble organisations in furtherance of the
chwitys objeL* foT the publi¢ t¢n¢fit.
Public Benefrt
Thetrusteeg confllrn that they have complied with the duty in section 17 of th¢ Chariti¢s Ath 2011 and
hay¢ referred to the 8UIdan￿ ¢ontained in the Charity Commis5ion'$ 8eneral guidanee on publi
beT3efit when reviewirftgthe cl]3ritJls aims and objeciives and in planning firtut¢ ￿tiVitI¢3 and s¢tting
thc donations policy for the year. The benefrtthat a[￿eS is the provisiort of fimdingto org8nis8tions
that demongErate charitable purp)s

verard F
Page 3
AllJMal R¢ rt foT the Y¢ar EDded 5th A ri12022
Achievements and Ptrfomam¢¢
During th¢ Gours¢ of th¢ yearth¢ trust made16 totallin8 £76,8SO as set out in note S Èo these
ar￿unts. The trL4tees ¢onsider thattheirprincipal objectives ar¢ being achievfra. Thetrust¢¢s arÈ
pleased with the progress made in the fi1￿Cial year 5th April ?022 gnd look fonvard to
allding th¢ir work with nw]y oth¢r chariti&s in the yeaTS to Gom¢.
Vinanclal Review
On 5th April 2022 the inv¢51ment portfolio was worth £17231240 0020121.. £17.233.060)
and in th¢ year endins 5th April 2022 the investsnent income was £61,852 (2020121:
£78.391). The expenditure on ¢harit8ble activitie5 ￿talled £55.288 (2020r21.. £76.980). The
tNstee5 recO￿lse thatno dividends wert S￿erated from EB Ltd In 2021122, and the only
incomc was g¢n¢rated from the trnstces, portfolio of inYLstments Tnanagal by S￿1th & williau￿0TI
Inv¢stm¢nt Manag¢m¢nt LiTnit&l. The tsust¢es are 5fyti$fied thatthe d)arity's ass¢ts are
available arKI adequate to meet its obligations.
Fixed Asset I￿VeStMe￿ts
lttvesttnents are a forni of b￿le finanelal instnttnent and are initially recognised at theirtrangsction
Yalu¢ and subs¢qu¢ntty m¢&sur¢d atth¢ir fair Yajuc as * the balance sheet dat¢ using th¢ closing
quoted tnarket price. The Stat￿￿t of fjnancial actiiryties include5 the net g#sns 8nd losses arising
on r¢YaluyAtion ￿ disp05a]s throughout the year.
Th¢ forni of fillan¢ial risk taced by the tharity is that of volatility in equity maTk¢ts and
investment markets due to wider economic condition& the atti￿￿¢ of investm to invesiTheJit risL
and Changes in sentiment con¢erning equities and within particularsectors or sub sectors.
Reallsed Gains #od LTrss¢S
All £ains and losse5 aTe kn to the Stat¢mcnt of FinanGial Activities as th¢y aris¢. Realised gains
and 1058e$ tsn 5nveStments are calculated as the diff¢rErtce bthveen sales proceeds and their
opeThing carrying valu¢ or their pur¢hase valu¢ if aquired sub5¢qu¢n¢ to the fjrst dY4y of the
rJnkn¢ial yw. UnT¢#li18d gAins 2nd loggeg gre rgleulAted 99 the differenoe berween the fair v21ue
atthe year end and their caryg value. Realised and UnT￿]sed investtnent gains and lo5se5
3re combined Jrt the Statement of Financial Activitie5.
EJDplDyees
The charity 6mploys no staff.
the Trnst D¢ed the tr￿e$ are etAt)owèt&l to invegt in anytype of investhgnt ￿h]ch the
srKs Kiuld makE ifthgy Iv￿¢ absolutcty aTJd bEncfi¢ially entitled.
The Investment Poliry is monitored by regulax tnvestsnent reports 2nd 4Tmual meetings with the
Investment Manager. The trustees remain satisfied wttlL the perfomwice of their Inv¢5tm¢nt
Mattaser and that th¢ tntstees. mandate rernains T￿0p￿al¢. A brtakdown of (he invcs¢tll¢tLts
held al the yeaT ended 5th April 2022 e8nbe seen on page I l.
ReserYe5 Pol
It is the trustees, policy to distribute #pprox]mately one years income tti the course of each
financial Y¢￿ and to retain a r￿r¥¢ only sufficicnt to b¢ abl¢ to rG5pond cxpeditiously
and when appTopriatc to Urgent appeals.
At the BalHnee Shetst data tho unr4gtrictod ro8orv•g amounted to £17.553.810.
PI2ns for ltte Fvture
Th¢ trustees intend th&t the prKn¢ipal obj*tives should b¢ pur5u¢d in pe￿O￿￿ty.

The EverArd Foundation
Annual Re
ort for the VeAr Ended 5th A
ril 2022
Statement of Trustees, Responsibilities
The tn￿leeS are responsible for preparino the trwsiees, report 2nd the finan¢ial siatements
in accordance wilh applicabl¢ law aTid regulations.
The law applicable to charirie5 in England and Wales r¢quirÉs iht mist￿5 to pr¢par¢ finanrial
StateM￿ts for Cach financi&l year in accord4Je¢ with United KIDgdom G¢n¢rally Aceepted Ae¢ountittg
Practice (United Kingdom Ac¢ountinE Standards and applicablc regulations). Under that law th¢
trustees must not appove the financial statements unless they are satisfied that they give a true 2nd fair
view of the state of affairs of the ¢harity and of the incoming resources and application of resources of
the charity for thai period.
In preparing these financial 51atcm¢nts. th¢ trustees are required to..
sclcct 5UiEable accounting poli¢i¢s and ihcn apply Ih¢m GonsiSt¢ntly"
observe the meihod5 and principle5 in the Charities SORP IFRS I O?}
mak¢ judgements and estimates that ar¢ re¥(>nable and prjdent;
state M'hether applicable aeeouniing standards have been folloth'ed, subject to anv rnaterial
depaTtUTes disc105ed and explained in the financial staiements" and
prepare the financial siatements on ihe uoing concem basis unle55 it 15 inappropriate lo
presume ihat rhe tharity will continue iD business_
The trustees are Tesponsibl¢ for keeping Adequate accounting re¢ords which are sufficient io show
and explain Ihe charity's transa¢tion5 and disc105C With ieasonable ac¢ura¢)' ar anj titne th¢ fillancial
position olthe ¢harity and enable them to ensure that the fingneial ststements comply with the Charities
Act ?01 l. th¢ Charities (Accounts and Reports} Regulations ?008 and the provisions of the trusi deed.
They are also responsible for safeguarding the assets of the charity and henee for iaking reasonable
steps for th¢ pr¢vention and d
d 3Dd other iTregularities.
RASEV
onbe
of the trustees
..2023

Page 5
The Eve
rd Foundation
Statement of Finanei81 Activities
For the Year ended 5th A ril 2022
Notes
2022
2021
Ineome from:
Investments
Total
61,852
61,852
78,391
78,391
Expenditsre on:
Charitable activities
Raising funds
Total
(85,288)
(21,971)
(107,259)
(76,981)
(20,004)
(96.985)
Net Ineome/{expenditure)
(45,407)
(18,594)
Cainsl{losses) investment as$¢ts
Net movement in funds
10
15
134,148
88.741
523,549
504,955
Rewnciliaton of funds:
Fund balanc¢s brought forward
l7,465,069
16,960,114
Fund balances carried forward
£17,553,810
£17,465,069

Page 6
The Everard Foundation
Balance Sheet as at 5th A ril 2022
Notes
2022
20?1
Fixed Assets
Investments at CULTent value
17,231,240
17.231.240
17.2J3,060
17.2i3,060
Current Assets
Debtors
Chromebooks
Cash at bank and on deposil
2 Silver Foxes
200.000
200,091
480
37,355
370
2)8 ?96
12
13
lJl.5??
370
33l,892
Creditors: Amounts due
within one year
Accruals
14
{9,J2?)
(9,J22)
(6,287)
(6.287)
Net cu￿ent assets
Total Net Assets
3?2,570
232,009
£17,55J,810 £17,465,069
The Funds of the Charity
Unrestricted funds
Total Charity Funds
17,553,810
17,465,069
£17,553,810 £17,465,069
Approved by the
rustees on
2023 and signed on their behalf by:
Trustee

Pag¢ 7
Tbe Everard
tlon
All¢ig1 Ststements for the Year Ended
Stb A rfjl 2022
l A¢¢tsuDting Politles
A) B*sis of fiDan¢i￿ statsments prepar*ti(m
The financial s￿eMe[tE￿. uf the charity, which 15 apublic trnefit entity. have been prepared
in accordance with th¢ Chartties SOPP (FRS 102)'Accountins and Reportins by
Chariiies: Stat¢m¢M of R¢wmmend¢d Practice appIl￿bI¢ to GI￿￿tIeS prepJTing their
accounts in aGwrdpnce with the Financia] R9￿rtIng StaY2dard appli￿ble in th¢ UK and
Repjjblic of Ireland (FRS 102) (effertiv¢ l January 2015).. the Financial Reporting
Standard applicable &n tbe United Kkngdom and R¢public of IrelaThd atld the Charities Act
2011. Th¢ finaJKial statements have been P￿Pared under the historical Cfm l%)nv¢nuo
Th¢ finan¢ial slat¢ments hav¢ been prep￿1 to give a kn and faif view and have departed
from th¢ Charities (A¢¢ounts and Reports) Regulations 2008 only to the extent required to
give a'true and fairf view. This d¢partur¢ ha5 I￿vOlV￿ following A￿U￿ting and R¢porting
by Charities preparing their accounts in accordance with the Financial Reporting Standard
applicabl¢ in th¢ UK aT￿ R¢public of Ireland (FRS 102) issued in October 2019 rather than
the Accounting and Reporting by ChaTities: Ststement of Recommended Practice effective
from 1st April 2005 which ha5 sinGe been removed.
b) N¥Nr¢ of Funds
All fimds held aye uJtre8trieted And the fnL*ee$ are free th uge them in accordaftce with the
clwitable objects.
c) FIA¢d AsS¢t I￿V¢￿t￿ents
Invethents gre stated 8t mHrket value atthe b￿ance gheet date. Overs&qs investments are
translated iRto sterling ￿ the rntes rulin8 at the year end. The Statement of Fingncial
Activities (SOFA) includes the net gains and losse8 on revaluation and disposals throughout
th¢ y¢ar.
d) Investment Income
Investment income ig accounted for when receiwdble and is stat￿j gross of any rec19imknle
taxatiott relief.
¢) Raxsing Fund$
Expendittwe is accountsd foron an aecrual ba81& and h8s classifieAI under headings
that a88￿gate ail costs related to that ¢at¢gory and are shown in tht notes to the financial
statements.
fj Charltsble Gr4nts
Grants payabl¢ aTe recognised in th¢ SOFA when they ar¢ approved by the tntstees and
the recipient betrt informed of the amount to be pai
Foreign Currtntks
Transa¢Éions d¢nominated in a for¢]￿ ¢utr¢ncy are translat¢d into slerling at the rate of
exch8nge rnlillg at the dats of the transaction. At the balance sheet date monetary agsets
and liabilitie5 denominated in a foreign Curreft￿ translated at the rate ruling at that dat¢.
All exchange differenczs are dealt with in the SOF
2 Remuner#tlon of Tn
Jn th¢ finattoip&l yfjar to 5th A￿1 2022 th6 ttubt*o& did not r¢¢otve qtLy
(2020121.. £Nil) but did ￿1ve reimbwsement for expenses incutr)J in the yeaT.

Page 8
The EveT*rd Foundatlon
Flotes to th¢ Fin*n¢ial Stats
1712
¢ YeAr
2022
3 Investment lllcome
UK Dividends- quoted
UK Dividends - unquoted
Unit Tnasl Incom¢
Fixed interest stock
Propety Income
Overseas income
Overseas withholding tsx ropayment
HMRC penalty refund
Dividend differen¢¢
BAnk Inter¢st
2021
20,850
21,410
7,086
1,203
2,310
29.896
368
loo
37
7,252
1,970
3,428
44,229
67
£78,356
£61,852
4 Ch2ritsble A¢tsvities
Support
(see not¢ 5) (see llote 6)
Totsl
Charirabl¢ expenditure
£76,850
8.438
85,288
5 Dlrecl Costs
The Charity undertook no dir¢¢t ch¥itabl¢ acllvities bul awarded grdnts to a number of
institutions in furtheTance of its charitsble objectives. These aTe &$ follows:
2022
2021
1st Queens Dr4oon (iuard$ R¢gim¢ntsI T￿st
ABF The Soldier's Charity
Age UK Lei¢¢st¢r & Rutland
Anstey Nomads
Blaby & Whetstone Youth Club
Boost
Brainstrllst
British H¢art Foundation
Charli¢ Waller Trust
2.000
1.000
50.500
450
700
1,000
5,000
5,000
5.000
250
8,400
62,500

Page 9
Th Everard Fou
e FIDan¢ial Ststements for
thA ri12022
Notes t
e Year
2022
2021
S Dlrect Costs ton
Balance blf
Leicester Ho4)itaJ5 Charity
Marie Curie
Prostaid
Rotary Club of L¢i¢¢ster Trnst Fund
Scout Asso¢ialion
Sembl¢ FoundatÈon
Stsps
St John Chur¢h
Tennis Leicester Charitsble Trust
UK Veterans Hearing Foundation
Warning Zone (L¢i¢ester & Rutland Critncbeat)
Young Ente￿nse
Young Leicestershire Ltd
8,400
25,000
62,500
250
440
1,200
500
1,000
20.000
2,000
4,450
13,500
5.000
750
1.000
50
£ 76.850
£ 69.190
Analysis of 8r4Dts made
Grants to
Grnnts to
Institutio￿ IndRviduals
Total
Advancem¢nt of:
duoation
r¢ligion
health or the s&ving of lÈves
Citizenship or Community development
the arts, culture, heritage or sciene¢
environmentsl protection or improvement
the relief of thos¢ in ri¢¢d
animal welfare
promotion of etTIGiency of the armed forces
y other eharitsbl¢ purposes
4,900
4.450
31,200
14250
4,9QO
4,450
31,200
14.250
21.050
21,050
1.000
1.000
£76.850
£0
£76,850

Page 10
The Ever4ni FDundxti
ancial Ststemell
r the Year End
SthA
ril 2022
otes to the
2022
2021
6 SllPPQrt Costs
Independent Exathination f¢¢
Bank charges
Withholdin£
Auditols fees
Depr￿latIOn
LEI Registration fee
Lega] and ProfessioJ)a] fees
243
368
2S
96
480
144
7,470
£8,438
72
7.326
£7.791
7 Expenditure on Raising Fullds
2022
2021
Investment management fees
£21,971
£20.004
8 Employees
There ￿e no employees so ¢onsequendy no staff costs have been in¢uTr¢d.

undg
I StatemÈiits for
Pagèll
th
Y rEnded
02
9 IRvestm¢llts held At5th April 2022
20,302
438
IlJ,020
3,31JO
625
13,180
3.670
13Q
505
7,939
38,656
AU￿n￿UM Finteeh PLC Ip Ord
Astrathi¢ca plc Ord USSO.25
Aviva pl¢ 25p Ord
?6.646.38
45262.92
44.088.(41
55242.00
59.063.#6
50,466.22
27.047.90
26.9Q4.80
53,322.95
30.168.20
42,424.96
46.190.00
49.613.04
1,328.04
93,693.C15
14,550.000.00
29.865.70
44,622.05
52.439.2tp
55,972.80
27,783.45
48,503.32
86.315.97
33,510.24
65325.80
113.594.94
3830%.115
55.165,31
30,885.80
47.519_28
59.299.20
84,164.50
75,900.00
55,666.4Y
56,020.58
16.625.25
01.I26.01
64,111.25
45,849.30
48,009.50
26,215.20
40.392.00
35,473.88
99,157.89
46.843.80
57.658.00
43,6g6.91
84,588.88
47,642.70
24.990.00
01,089.63
41.890.50
25.639.63
98,024.43
£J 7231,240
Bla¢krock Small¢rCorfij)￿i¢S Trust ?5p Ord
Bl¥kstort Oroup LP Cotnmon UniLS
BP plc ord USSQ.25
Burford Capital Ltd FJPV
CG Portfolio Fund Rc￿ Returo A. £
CG Portfolio Fund plc Dollar Hedged £ Dis
Con(tuit HoldEngs Ltsl Cotnmon Shtres USSO.01
Corditht Diwtsl Infrastruth Ltd Ord NPV Shar
CRH Ord Euro 0.32
Croda ITrternation8110.609756p O
DP AirL7afi l Ltd Old Prev NPV
Edgewond L Sslect US Select Growth I Z US$
Everard$ Bresvery Ltd £1 ord
EXp￿an pl¢ Ord US$O.10
F8ir Oaks Income blmd Ltd. Ord NPV (201T)
Findltty Park Funds plc American £ Hedged Disi
Fidelity Inv Servi¢¢s IUKI Ltd FiO¢lityA8i& W Aw£
Fidelity Inv Servic¢5 Chtna SpeciaI Situations Ip Ord
Hern)es IDV MaD88emettt Global Ety)erging marke￿ J2 In¢£
14BL I1.40Yo FfSE￿sTx Def Autocajl 2414Q020
Infornia plc O_OOlp Ord
jPmor￿ Asset M8nagernent UK Ltd Japan C Ac¢
Jupiter U.T. Man￿¢rS Europ¢an Z In
Jupiw u.T, ManaEers Jap¥m Incomez £ Dis
tAzard Global lttvestment Funds plcRarhtt￿re
Mi¢ro¥oft Corporatiots Common USSQ.00000625
h4onlanam ASS￿ Mana£emertt Montsnaro UK Ineorne & S¢¢d
Murray Internatiottal Tntst •5p Ord
National Grld pl¢ k2.431289p Ord
NB Private F,quity PaTtners Lid Clw A Ord Shares
N¢ui*rger Berman Inv. Punds pl¢ Uncorr¢lated Str&egies P £ Acc
Novatti5 Afj CHF 0.5Q (R¢gd)
Ocado Group plc 2p Ord
POIM Funds pl¢ US Corptsrnte B(pnd I £ Dis Hedged
Pershing Square Hold]"ngs Ltd NPV
Phwnfx Group Holdtngs Euro 0.0001
Real Estat¢ CTedit Inv Ltd Ord NPV
ReckittB¢nGk*ser Group plc lQp
o Tinto plc lop Ord
RWE AG NPV
s￿￿0d¢[ Inve50n¢nt Wement Lux SA A¥ian Totsl Return C Inc
SDCL Effieiency Income Trust Ip Ord
SecuT¢ In￿rne RF.11-plc lop Ord
Squoia Efjonomi¢ Infra lTrc Fund NPV
Styline Umbre112 Fund E8ul¢ Cap US E4Juity V￿ue PundR £
Smiths Ciroup plc 37.5p Ord
Syncon& Ltd Ord NPV
Third Point Offshore Ltd NPV US$
Tntax Euruknx plc Ord Euto 0.01
Unilever plc 3.11 I Ip Ord
Xtrackcrs Efc plc {IE) Physi4Y] Gold ETC£
618
79,000
305
303,947
i.oio
93,435
590
3,380
10,645
31240
66,300
35,859
202(X)
3.748
3),500
435
130
21,290
4.640
6,95CI
4,600
5.015
830
1,350
645
2,155
7.350
31,900
440
660
1,050
227
38.650
12.700
42,663
026
3.430
15.000
3,100
39,150
725
4,133

nd*iio
Page 12
oteB to t
ear
9a goin￿{lOSses) on investrwits
2022
2021
Revaluation of investments
GaiJV{10s5) otl 58leof investments
94J46
39,802
£134.148
45OJ74
72,595
£521969
10 Flxed Asset IBV¢5tments
2tr22
2021
Cost or Vdluation at 5th April 2021
Additions
Dispos￿5
Valuation ¢h8ngLs
at 5(b Api?J 2022
17.025,525
469.214
(397,647)
134.148
£17J31240
16.524,917
752J67
1774.728)
522,969
£17,025,525
Forthe purposes of the 2022 acrounts, the tw$tee3 obtsined an indepthdent profwional v￿UatIOn
èfthe fair value of the unlisted inve$tm¢nts ￿ at 5thApril 2Q19. and h&'e awcd to use this mgrk
valuation as at 5th Aprii 2022.
The bookvalu¢ofthe quotrd ittvt5tsllents ￿ 5th April 2022 15 L,IL? IrJ.
Net 82itys/{losstsl on inv¢8tsncnts includes reelis¢d gatns forthe year of £39,36412021: Gain
£72.595) and urwe41ise4J gdin on Ye￿vatiOn to market value of £94.34612021: Oain £450,954X
J l Dtbtor5
AJ4ounts fauing d￿￿.
Loans to..
Ag¢ UK L&icastrrshir¢ & Ruitalld (repayable in 3 yeAr5)
Warning Zone
Equali￿rIor￿ payrnents OUtstsnd5n8
Dividend outstanding
2022
2021
100.000
loo,00(
ioo,ooo
loo.000
91
£200.000
£2QO,091
12 Cash at
2022
2021
Natw&8t Bank pl
Evelyn PatTh￿S
Cur¥ey & Co LLP Client Account
13.573
110,871
7,078
£131.522
13.575
13,009
7.35S
13 thrreDtAs&ets
2022
2021
2 Sterlink Silver foxes
£370
£370

Pag¢ 13
The EverArd Foundation
Notes to the Flnanclol Statements for the Year Ended
Sth A ril 2022
14 Creditors: Amounts faillng due wlthin one yvAr
2022
2021
Cu]Tey & Co LLP fc¢s
Tnvestm¢nt Mwagemeni fee
Independent Examin&ion lee
3.570
5.362
390
£9,322
5,199
1,088
£6287
15 Movement In Funds
2022
2021
Unrestricted Funds..
B￿ance brought torward
Net rnovement in funds
Balan¢¢ ¢gtti¢d fotward
17,465,069
88,741
£17,533.810
16,960,694
5(J4.375
£17,465,069
Net Mo￿￿ent in fi]Dits in¢luded in the above are as follow5-
CaiDS alld Movement i
(losstsl
funds
Incom¢
Outgoings
Unrestricted funds
61,852
{107,2591 134.148
88,741
16 Related Party Tr2n52Ctioths
Includ¢d iii d¢btors twu WllC¥S5ionary inier¢5t free 10gm5 of £IW,000. Th¢ loart to Agc UK
Leicestershire is repayable in January 2023, 8nd the Loan to Warning 7,onc is repayable in annual
in%tsllmenis of not less than £20,000 on i)r before 1st June in the years 2020, 2021, 2022, 2023 and
2024 or on ally eaTIE¢r d&e. Waming /on¢ 15 a charitablc Compimy limi￿d by guarani¢¢ of whiGh
Mr Richard A S Evcrard OBE is the pr¢5idcnt. The trustces sub8equcntly agreed thai Waming 7Dne
could receive a repaymeni holiday? on the basLS that the rcp#yM￿1S could be ma(1¢ when the funds
became available.

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE EVERARD FOUNDATION
FOR THE YEAR ENDED SAPRIL 2022
I report to the ¢haTity trustees on rny examination of the accounts of the Gh4rity for the year ended 5 April 2022
which are set out on pages 5 to 13.
Resptyisibilitles and b8SI8 of rèport
As the charity's tru5tee5 you aTe responsible for the preparation of the accounts in aGcordanGe with the
reouir6m&nts ol the Charili8s Acl 2011 1.the Acti.
I report in ￿SpeCt of my exarnination of the eharily's accounts carried c>ul under section 145 of the Act and in
caTrying out my e￿M￿nation I have followed all the applicable Directions given by the Charity Commission under
section 14515llbl of the A¢t.
Independeni Examin¢f$ siatement
I have completed my examination. I confim that no material matters have come to my attention in connection
with the examination giving me cause to believe that in any rnAieri81 respect..
aGGounting records were not kÈpi ift respect of the charity as required by section 130 of the Act.. or
the acC￿ntS do not accord wth those re¢ord8,' or
the aGGount5 do Gotnply with the applicable requirements conc¢ming th¢ fom and conlenl of
8Gcounis sei out in the Charltles (Accounts and Reports) Regul2iions 2008 other than any requirernent
that the accounts give a 'trué and fair Vie￿ which is not a matter consid•red as part ol an independent
xamin31ion.
I have no concem3 and have come across no other matter5 in ctsnnection with the examinatÈon to which altention
should be drawn in thi5 report in order to enable a proper understanding ol the a¢¢ounts to be re8ched.
Ailsa Farey CA CTA
41h Floor
7 Svrallow Stre&t
London
W1B4DE
DATED Ihis 181h day of April 2C123.