## **The Everard Foundation** 

## **Annual Report & Financial Statements** 

**For the Year Ended** 

**5th April 2023** 



**The Everard Foundation** 

Page 1 

## **Annual Report fr the Year Ended 5th April 2023** 

## **Legal and Administration Details** 

The trustees are pleased to present their report together with the financial statements of the charity for the year ended 5th April 2023. The financial statements have been prepared in accordance with the accounting policies set out in the notes to the the accounts and comply with the charity's governing document. The Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019. 

The Trustees acting throughout the year, who were not remunerated and received no expenses, were: 

Mr. Richard A.S. Everard Mrs. Serena A. Richards Mr. Simon J. Atkinson Mrs. Charlotte Ione Vowles 

Mr. Atkinson is, however, a partner in Currey & Co LLP, 33 Queen Anne Street, London Wl G 9HY, solicitors to the trust who provided secretarial, accountancy and tax services charging an annual f in this connection, details of which appear in the financial statements. 

The investment portfolio managers are Evelyn Partners, 45 Gresham Street, London EC2V 7BG. 

The charity's bankers are NatWest Plc, Leicester City. 

The independent examiner is Ailsa Farey CA, ofMillbank Financial Services Ltd, Fourth Floor, 7 Swallow Street, London, WlB 4DE 

## **Structure, Goverance and Management** 

The charity was established as a grant making trust by Deed of Trust dated 11th October 1976 and is registered with the Charity Commission, No: 272248. The charity's address is 33 Queen Anne Street, London WIG 9HY. 

The charity is controlled by a board of trustees who manage all aspects of the trust's affairs and in whom vests the power to appoint new trustees. 

The training needs of the trustees are reviewed on an annual basis, and existing trustees are provided with training as and when required. The training costs incurred in the current year were £Nil (2021/22: £Nil). They have received appropriate briefing on their responsibilities under the law relating to charities and their duty to ensure that their charitable activities are for the public benefit. The selection of future trustees will have regard to the skills, knowledge and experience needed for the effective administration of the charity. Any new trustees will be provided with copies of the Charity Commission's guidance to trustees and given an introduction to the activities of the charity by the existing board. 

## **Related Parties** 

No transactions took place with related parties although expenses are charged for the services provided by Currey & Co LLP as disclosed above. 



**The Everard Foundation** 

Page2 

## **Annual Report fr the Year Ended 5th April 2023** 

## **Risk Management** 

The major risks to which the charity is theoretically exposed are fluctuations in the value of its investments (whether caused by wider market factors, or under-performance of the charity's investment managers): the fraud or negligence of the trustees or third parties (including their investment managers or bankers) and cyber-crime. The Trustees, having assessed these risks, are satisfied that systems and policies (including policies on investment management and financial controls) are in place to manage those risks. 

The trustees believe that by delegating investment management to recognised charity investment professionals and monitoring their performance, they have established the effective systems to mitigate these risks. The trustees also believe that it remains in the trust's best interest to continue to hold shares in EB Ltd in the expectation of a reasonable dividend income stream deriving from that shareholding. The trustees maintain close links with the Board of Directors ofEB Ltd and remain confident in the management of the company. The trustees, having assessed these risks, are satisfied that systems are in place to mitigate the charity's exposure thereto. 

The Trustees have satisfied themselves that the trust is a going concern and has adequate resources to continue in operational existence for the foreseeable future. The charitable activities are funded by the investment portfolio and although Covid-19 has had a negative impact on this, the portfolio has sufficient value to support continued grant making. 

## **Objectives and Activities** 

The charitiy's objects provide that: "Subject to any appointment the Trustees should hold the Trust Fund upon Trust to pay or apply the income thereof to such charitable foundations and for such charitable purposes as the Trustees in their discretion shall from time to time think fit" 

In considering how best to achieve these objectives the trustees have had regard to the guidance on public benefit issued by the Charity Commission. 

The objective of the trust is to seek to obtain a sustainable return from their investment portfolio and in particular an income increasing at least in line with inflation over the medium term. The charity is reliant on receiving neither additional funding from donors nor any particular level of income from its investments. 

The trustees normally only make grants or loans to other registered charities in areas in which the trustees have an interest, in particular, the advancement of citizenship or community development, environmental protection and improvement, and the relief of those in need in and around the county of Leicestershire. The scope of their giving is determined only by the extent of their resources; it is not otherwise restricted either geographically, or by the type of activity canied on by prospective beneficiaries or applicants. The trustees continue to make grants in support of charitable organisations in furtherance of the charity's object for the public benefit. 

## **Public Benefit** 

The trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 and have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities and setting the donations policy for the year. The benefit that arises is the provision of funding to organisations that demonstrate charitable purpose. 



Tbe Everard Foundaiknn
Page 3
Annugl Re
ortforthe Year Ended 5th A
ril 21123
A¢hievements and Performance
Durin8 the coursc of the >ear the trust made 16 grants totallin¥ £47,317 as set out in note 5 tv these
accounts. The trustees consider that IheiF principal objectives arc being a¢hieved. The tru51e¢s are
pleased with the pro￿s8 made in the finoneial year ended 5th April 2023 and look forward to
¢xpanding their work with many other eh#rities in the years to come.
Finanti21 Review
On 5th April 2023 the investment portfolio was worth £17.101,628 (2021122.. £17,231,240)
dnd in tlie year endin8 5th April 2023 the investment ittcome was £90.323 (2021122..
£61,852). Thc expenditure on chariLqble activiti¢s totallrd £63,28212021122.. £85,2¥8)-
The trustees are satisfied that the charitys assets are available znd adequate to meet its obligations.
Fixtd Assel Investments
Investments are a fom of basic financial instrument and are initially reeognised at their transaetion
value subsequently measured at their fair valuv as (It thc balance Sheet date using the Glosing
quoted markel price. The statement of linan¢ial activities include5 th¢ net gains and losses arising
on revaluation and dispo￿18 throughout the year.
The main fom) of financial risk faced by the charity is thai of volatility in equity markets and
investment mark¢ts du¢ lo wider economic condition8, the attitude of investors lo inv&sttnent risk,
and changts in sentimeni conceming equiti¢s and wilhin Pdrti¥ular s¢¢lors or sub scclor5.
Realised Gains and Losses
All Bains and losses are taken to the Statem¢nt of Financial Activities Is they arise. Reali%ed gains
and105S¢$ ort investments are cal¢ulat¢d ds the difference betwecn sales procecds and their
npening carrying valuc or (heir purchase yalu¢ ifaryuited subsequent to thc first dav of the
financial ycar. Unrealiscd gain8 and losscs are eal¢uloted Bs the difference between th¢ fair value
al the year end and th¢ir ¢aryins Yalue. Rcalised and unrealised invcstment gains and losses
are combined in thc Statement of Financial Activities.
Employees
The charity employs no staff.
InvestmeTht Poliry
Under the Trust Deed the trustees are eEnpowered io invest in any type of investment which the
trustecs could make if they were absoliitely and benefi¢ially eniitled.
Th¢ ￿]V¢s¢ln¢nt Poliuy is monitored by ￿sU7a[ inv¢stm¢nt reports and annual m¢¢tings with thc
Investment Manager. 'lThe trustees remain satisfEed with the perfomiance of their Investment
Manager and that the trustees, mandate renvdins dpprupiiatc. A breakdown gf the Investments
held ai the year ended 5th April 2023 Cdn b¢ s¢cn on pag¢ I l.
Rescrv¢s Poli¢y
It is the trustees, policy to distribute approxiTnately one yeags income in ihe course of each
financial year and to retain a reserrfe only sufficient to be able to respond expeditiously
and when appropriate to urgent appeals.
At th¢ Balanc¢ Sh¢et date the unrestricted i¢s¢rves amounted to £17,371,430. They are invested in order
to generate income and capital gains. providing further funds to support the charity's purposes.
Plans for the Future
Thc trustees intend that the principal objectives should be pursued in perpetuity.

Page 4
The Evtrnrd Foundation
Annual Re
rt for tbe Year Ended 5th A
ril 2023
ststement of Trustee5' Responsibilities
The trustees are responsible for preparing the trustees, report and the financi￿ stat¢Tn¢nts
in accordance with applicable law and regulations.
The law applicable to charities in England and Wales reouir¢s the trustee5 to prepare fmancial
StatL￿entS for each financial year in accoTdaTrc¢ with Unit¢d Kin¥doTn GL*Lrally Accepted Accounting
Practicc (United Kingdom A¢¢ounting Sthndards and appli¢abl¢ r¢gFulatiuns). Under thai law the
trustees must not oppove the financial statements unless they are satisfied th8t they give 2 trne and fair
view of the slate of affairs of the charity aDd of the incoming resources and application of re50urce8 of
the charily for thal period.
In preparing thes¢ flnanrial stat¢m¢nts, the trnstees are required to..
select suitable a¢¢ounting policies and then apply them ¢()ntsistenlly'
observe the methods ond principles in the Charities SORP (FRS 102)
m8k¢ judgements and estimates thai are reasonable and prudwt;
State wh¢ther applicable accounting stondards have been followed, 5ubjrrt tts any material
dep}￿ureS disclosed and explained in the fman¢ial ststements; and
preparc the financÉal stat¢m¢nts on thc going con¢¢rn basis unless it is inappropriat¢ to
presume that the charity will continue in business.
The trustccs are responsible for keeping adequate accounting records which arc suffiri¢nt tv show
atid explaiii Il)c cliariws transactions and disclose with reasonable aceuraey at any time thc financiol
P051tion of the charity and enable theJn to ensure that thc tjnancial statements Comply with the Charitics
Act 201 I, the Charities (Accounts and Reports) Regulations 2008 and thc provigions of ihe trusi deed.
Thcy are algo responsibl¢ for safeguarding the assets of the charity and hence for taking reasonable
steps for the prevention and detection of fraud and other irre¥ulariti¢s.
R A S Everard
on behalf of the trustees
..2023

Page 5
The Everard Foundation
Statement of Financial Activities
For the Year ended 5th A ril 2023
Notes
2023
2022
Income from:
Investments
Total
61,852
61,852
90,323
Expenditure on:
Charitable activities
Raising funds
Total
(63,282)
20,968
(84.250)
(85,288)
21,971)
(107,259)
Net Incomel(expenditure)
6,073
(45,407)
Gainsl(losses) on investment assets
Net moven)ent in funds
10
15
188,453)
(182,380)
134,148
88,741
Reconciliaton of funds:
Fund balances brought fonvard
17,553,810
17,465,069
Fulld balances carried forward
£17,371,430
£17,553,810

Page 6
The Everard Foundation
Balance Sheet as at 5th A ri12023
Notes
2023
2022
Fixed Assets
Investments at current value
17,101,628
17,101,628
17.231.240
17,231,240
Current Assets
Debtors
Chromebooks
Cash at bank and on deposit
2 Silver Foxes
121,487
200,000
12
13
157,418
370
279,275
131,522
370
331,892
Creditors: Amounts due
within one year
Accruals
14
(9,473)
(9,473)
(9,322)
(9,322)
Net current assets
Total Net Assets
269,802
322,570
£17,371,430 £17,553,810
The Funds of the Charity
Unrestricted funds
Total Charity Funds
17,371,430
17,553,810
£17,371,410 £17,553,810
Approved by the Trustees on
2024 and signed on their behalf by..
Trustee

Pag¢ 7
Kvergrd Foundatio
Notes to the Financial Statements for the Year Ended
51
Aecountlng Policie5
) Basis uf financial statements prcpargtion
The financial statemenis of the charity, which is a public benefit entity, have been prepared
in accordancc with the Charities SORP (PRS 102) 'Accounting and Reporting b},
Charitie%= Stalemcnt of Recommended PTarfiG¢ applicable to ¢hariti¢s preparing their
aLuounts in a¢¢ordanee with the Fiftancial Roportin2 gtsndard applicablo in thÈ UK gnd
R¢publi¢ oftrcland IFRS 102) {effective l January 2015}', the Financia] Rcporting
Standard applicable in the United Kingdom and Republic ol- Ireland and th¢ Charities Act
2011. '1'1)e financial statements havc been prcparcd under the historical cost convention.
The finan¢i21 statemenls have t)een prepared to gjive a Yrue and fair, view and have dcpart¢d
from the C.haritie% (Accounts and Reports) Regulations 2008 only to the extent required to
give a'true and fair, view. This departure has involvcd following Accounting and Reporting
by Charitics preparing their accounts in accord￿Ce wilh the F inanoial Keporting Stsndard
applicablc in the UK and Republic of Ireland (FR8 1021 issued in October 2019 rath¢r than
the AG¢ountin8 and Rcporting by Charities.. Statement of Recommended Practice efFeLt5V¢
from Isi April 2005 which ha5 since been removcd.
b) Nature of F￿ndS
All fund.% held are unreStri￿ed and the trustees are free to use them in accordance with the
charitable objecls.
c) Fixed A$set Investments
Investtnents arc *ated at market valuc at th¢ balance shcet dat¢. Ov¢rs¢as investment5 are
translated intv St¥rling at the rates ruling at the ycar end. Thc Statemeni of Financial
Activiti¢s (SOFA) includ¢s the net gains and 105ses on revaluation and disposals throughout
the year.
d) Investment Income
liivestlT]ent incorne is accourtted for when receivable and is sttted of any reclaimable
taxaiion irlicf.
t) Raising Funds
Expcnditurc is accounted for on an accrual basis and has been classified under headings
that aggregate all costs related to that category and are shown in the notes to the financial
statements.
0 Charitsble CTrants
Grants payable are recognised in the sofA when they are approved by the Irustees and
the rccipieni has been infomied of the alllount to b¢ paid.
g) Foreign Currencies
Trangactions denominated in a foreign currency are translated into sterling at thc raie of
exchanb¥¢ rulinby ai ihc dat¢ of the transaction. Ai the balancc sheet dale monetary assets
t￿d liabilities denomsnated in a forcign currency are Iranslat¢d at the rat¢ ruling ai ihat date.
All exchangc differences are dealt with in the SOFA.
Remuneration of Trusttes
In the linancial }'¢8r to 5th April 2023 ihe trustees did noi receive any reTnuncration
(2021122: £Nil) biit did receive reimbursement for exp¢nses IncU￿¢d in the year.

Page 8
'rhe Evernrd Foundatioll
Notes to the Finanei#l St4tementg for the YtAr Ended
5th A ril 2023
2023
2022
3 Investment Income
UK Dividends - quoted
UK Divid¢nds- unquoted
Unil Trust Income
Fixed interest slock
Property InC0￿e
Overseas income
Overseas withholding i&¥ repayment
IIMRC penalty refund
Dividend difference
Bank Intrrest
21,739
22,796
9,497
402
2,494
33.021
20,850
7,086
1,203
2.310
29.896
368
100
37
374
£90.323
£61,852
4 ChAritable Activities
Direct
Support
costs
(see note 5) (see note 6)
eosts
Charitable expenditure
£47,317
15.965
63.282
5 Direct Costs
The Charity undcrtook no direct charitable activities but awarded b￿ants to a numbor of
institutions in furtheranee of its charitable objectives. These are &$ follows..
2023
2022
ABf The Soldier's C.harity"
Age UK Leicester & Rutland
Anstcy Nomads
Blaby & Whetston¢ Youth Club
Boosl
Briiish Heart Foundalion
Carers of Leicestershire AdvoLacy & Support
Charlie Waller Trust
¢lf
1,800
10,410
i.uoo
450
700
1.000
5,000
5,000
500
250
8.400
17,710

Page 9
Tho
verard Foulldation
Notes to the Financial Stat¢ments for tbe YLur Ended
5th A ri12023
2023
2022
5 Direct Costs cont.
Balance blf
Friends of New Walk Charitable Trust
Leicestcrshire County Council
Leicester Hospitals Charity
LeiLester l iLFers Foundation
Maemillai) Cancer Support
Manor House Community Centre
Proslaid
Pro%tatc Cancer UK
Restore
Rolary Club of Leicester Trust Fund
Se￿*ble Foundation
l7.710
500
500
8,400
25,000
i 0.000
765
800
435
362
250
1.200
500
20,000
2,000
4.450
13.500
St. John Church
Tennis Leicester Cliaritable'l'rust
The Fonvard Trust
Warniiig Zone (Leicester & Rutland Crimebeat)
Winfrith Pre-school
Young Enterprise
Young Leicestershire Ltd
10,040
1,375
1,000
3.580
750
1.000
50
£ 76.850
£ 47,317
Analysis of grants made
Grknts to
institstions
GrAnts to
individuals
Total
Advancement of:
education
religion
hcalth or Iht baving of lives
citizenghip or coinmunity development
the art&, culture, heritage or s¢r¢n¢c
environmental protection or improvement
the reli¢f of those in need
animal welfare
promotion of cffictency of thc armed forces
Any other Lharilablc purposes
24.870
24,870
0,562
2.675
6,562
2,675
500
10,910
500
10.910
1,800
1.800
£47.317
£0
£47,317

Pagelo
The Everard Foundation
Notes to the Finaneial St¥temeDts for the Y
5th A ri12023
r Ended
2023
2022
6 Support Costs
Independent Examination fee
Bank charg&s
Withholding tax
Depreciation
LEI Registration f¢¢
Legal and Professional fees
431
243
192
96
480
144
7,470
£8,438
72
15.270
£15,965
7 Expenditure on Raising Funds
2023
2022
Inv¢stment mana8einent fees
£20,968
£20,004
8 F,mployees
There are no employees so consequently no staff costs have been incuffed.

PAge 11
The EverMrd Fuundutiv
Note5 to tbe FinaD¢ial St&temeRts for th¢ V¢8r E]Jdtd
5th A ril 2023
5.4.2023
Market N'alue
9 1nv¢stthÈthts held at 5th April 2023
20,302
675
675
438
7.615
3.300
625
13,180
3,670
130
505
8,320
38,656
1.2iO
618
305
303,947
1,010
93,435
sql
3,380
10,645
31,240
66,3(K)
35,859
20.2
3,7d8
35,500
435
280
130
21,290
4,640
1?,9iO
4,6UU
5,015
465
645
2,155
7.350
31.900
440
66a
1,050
227
38.650
42,164
42,663
620
2.7811
1.375
IS,￿0
3.160
39,150
725
365
4.133
Augtnentutn Finte¢h Pl.C Ip (Ird
Anglo Amcrican USSO.54945
Ashiead Group plc lop Ord
Astrazeneca plc Ord US$O.25
Avsi'a plc 32.8947p Ord
Illackrock %rnallcr Comparti¢s'l'rust 25p Ord
Blackstone Group LP Common Units
BP plL ord US$O.25
Builord Capilitl Ltd Ord NPV
CG Portftilio Fund Real Re￿rn'A, £
C.CJ Portfoli• fund pl¢ Dollar Tledged £ Dis
Conduit Eloldings Ltd Common Shares USSO.01
Lordiant l)igital Infrastructure Ltd Ord NFV Shares
(;Rl l ()rd l..uro 0.32
Croda Intcrnational 10.609756p Ord
r.dgewo(>d l. Sclccl Ilg Sel¢cr lirowth l L IJSS
F,vcrards Br¢w¢ry Ltd £1 ord
ExpeTi8n plc Ord USSO.10
Fa1r Oaks Incnmc Fund l.td. Ord NPV12017)
Findlay l)ark Tr'iinds plc AmeTi¢an £ Hcdge41 FJi%t
Fidclity Inv S¢TVite% IIJK) Ltd Fidelity Asia W Acc £
Fidelity Inv Services China Sp¥cia] Silualiohs Ip Ord
H¢Tme5 Inv Management Olobal Ltncr8lll8 Markcls J2 In¢ £
IIBC. I1.4(f/ts wrsF.th.si'X DLI'Autocall 241412026
Infornia plc O.OOlp Ord
JPMorgan Assei Manog¢rnent UK Lld jap￿ C Acc
Jupilei U.T. Manag¢rs European Z Inc
JupiLer U.T. Manag¢rs Japan Incotnr Z £ Di5
l.a7ard Cilobal Invcsmient Fun(Js pl¢ Rathmore
London Siock Exchange Group plc 6.918604p Ord
Micr050ft Corporalivn Cvmmon USSO.OOOna625
Monthnaro As8Ct Managcmcni Montanaro UK Inwm¢ & Secd
Murray Internation&1 Trull 25p Ord
National Grid pl¢ 12.43128gp Ord
NB Private Equity Partsi¥rs l.ld Class A Ord ghares
N¢ubci"gcr Bcrman Inv. I'unds plc lJn¢ori'¢latcd StratC£lC5 P £ A
Novartis A([ CHI.. 0.50 (Regdl
PGIM Fund8 plc IJS CorpurnlL Bond l £ Dis Hedged
Pershing 5quaTe Holdin&s l.ld NPV
Ph¢onix Group I loldin8s Euro 0.0001
Real Estate Credit Inv l.td Ord NPV
Rcckitt Benckiser Group plc lop Ord
Rio Tinto plc lop Ord
RWF. ACT NPV
Schroder Investhjent Manag¢ment L￿K SA Ab'idll Tothl R¢iurn C In
SDCL Energy Efyiciency IncoEnc Tru%1 Ip Ord
S¢eure Income REIT plc lop Ord
S4utsia kconomic Infra Inl Furt(t NPV
bkyliiit Umbr¢lla Fund EaglL Cap US Equiiy Value fund R £
Stnith% (iroup plc 37.5p OTd
Smurfjt Kappa Group plc Euro 0.001 Ord
Syncona Lid Old NPV
Third Point Off5hoT¢ Ltd NPV IJS$
'I'rit&x lurobox ple Ord Euro Q.01
UnilLver plc 3.11 I I p Ilrd
Walt Disney Company us$O.01
xtra¢k¥Ys ETC plfj (IE) Physirui Gold ETC £
19.489.92
17.620.88
30.139.00
50.781.72
42,438.00
40.834.14
70,341.66
34,736.55
48.772.90
41.142.40
32.084.4X
47.500.QQ
39,280.08
79.527.12
14,550.000.00
27,078.10
36,738.20
47.205.90
51.849.20
30,496.50
43.59? 38
94.557,06
19.686.59
60,196.00
114,323.90
37,814.60
53.737.38
22,086.40
2(?,663.1{}
39,407.71)
62.268.80
53.627.50
65.320.00
54,011.54
35,484.13
55.689.30
ig,693.50
42,267.50
27,878.40
34,867.80
36,634.70
91,741.55
33,161.70
41,046.65
34,727.68
80.874.19
46.328.70
39,()57.50
22,590.00
48,368.64
23,920.65
31.091.63
29.264.14
100,349.24
£17.101.628

Page 12
Tbe Everard Founditio
Note5 to the Finart¢illl Ststemellts for the Year E
5thA
ril 2023
2023
2022
9# gaIn￿lI055c5I on invesiments
Revaluation of investments
Gainl(108%1 on 5alc ofinvesirnents
118i.6ill
12,8021
1£188.4531
94,346
39.802
£134,148
10 Filed Asset Invt5tments
2023
2022
Cost or v￿UatIOn at 5th ApTiI 2021
Additions
17,231.240
155.177
196,3361
11¥8,4531
£17.101.028
17,025,525
469.214
1397,6471
134.148
Li 7.2.11.241)
Valuarion changes
ai 5th April 2022
FOT thc purpo.%¢q of thc 2023 accounts. the trusl¢c5 vbiained an indLpendenl prvfvs5iondl Vdlu&iion
of the fall value of the unlisicd invu5tmcnts a5 at 5th April 2019, and havc a8reed lo use thi5 m4wk¢t
aluation as at 5th April 2023.
The book value of the quoted investmcnts at 5th April 2023 is £2,232,730.
Net gainglllo%scs1 on investments inelllde5 r¢ali5¢d gains for the year of£i3.528112022.. Oain
£39,364) and Ullre&ised Bwn vn ￿valuaLl0￿ to tnatkei value of £(185,651}12022.. Gain £94.346}.
I l Debtors
Amounts fAlllng due:
Loans lo".
Age IIK l.cic¢srershirt & Rutland Ircpayable in 3 years}
Watning Zo>ne
l)ividend outs'ldnding
2023
2022
40.(K)O
80,WO
1.487
121,487
100.wo
£2(Y).000
12 Cash at bank
2023
2022
NaiwesL Bank pl¢
Evelvn Panners
Currey & Co LLP Client A¢¢ouni
13,632
116,664
27.122
£157418
13,573
110,871
7,078
£131,522
13 Current Assets
2(123
2022
2 S¢crling Silv¢i Foxcs
£370
£370

Page 13
The Everllrd FoundAtio
N t t tht FinAntial Statements for the Year [￿ded
5th A ril 2013
14 Creditors: Amounts fgllillg due withtn one year
2023
2022
Curr¢y & Co LLP (ees
InYr5tTnrnl Manag¢tn¢nt fee
Independeni Examination fee
3,600
5.247
626
£9.473
3.570
5.362
3()0
£9.322
IS Movement in Funds
2023
2022
Unrcsirithcd fiinds-.
Balanc¢ broughi forward
Nei m()v¢m¢ni in fund
HAlance carried forward
17,553,811
182.380
£17,37I.431
17.465,Q69
88,742
£17.553,811
Nei movement in funds included in the above aTe as follows..
Ggtns
Movement
funds
Unr¢stricied fvnds
84,250
588,4531
(182,380)
16 Related Pgrty Transactions
IM¢lud¢d in debtors two conccssionarv int¢K8t free loans. The loan to Age UK Leicestershire of
£40.000 i¥ab ￿Paid on 4ih Sepw'mber 2023, dnd the tu Warning Zvnr uf £80.0001()ri8inally £IN,000}
is repayable in dnnaul insiallmenis ofnot le&5 than t211.nno. -The tirq insialltnent FLTiiid in March 2Q23.
2024 ()r ()n anv earlicr datc. Warning /one is a ¢hariiable company litnited by guarantee olwhich
Mr Richard A q F.vcraTd OBE is the presideni. TlJ¢ tTU5tres subse4uently thai Wa[nI￿ Zon¢
ould recLive a tL'paym¢llt holiday) on the basis that the rtpaNin¢nL% Could be made when the funds
bel￿¢ available.

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE EVERARD FOUNDATION
FOR THE YEAR ENDED 5 APRIL 2023
I report lo the charrty Iruslees on my ex8minalion of the accounts of the charity for the year ended 5 April 2023
whieh aré eel out on p8gg9 5 to 13.
Responsibilities and basis of report
AS the Chari￿5 trLtslees you ara raÉpongibl8 for thg preparation of the accounts in accordance wth th8
requirem8nts of the Charities Act 2011 IY)e Acf).
I report in respect of my examination of the ¢harty'8 a¢￿unt8 carried out uThder section 145 of the Act and In
carrying out my examination I have followed all the appliGable 04reGbon5 gThfen by the Charity Commission under
section 145151{bl of the Act.
Independent Examinèrfs Stst•ment
I have COTnpleted my examination. I confimi that material matters have come to my attention in connectlon
with the examination giving me cause to believe that in any rnaterial respect".
accounting records were not kept in respect of the charity as required by saction 130 of the Act., or
the accounts do not accord with those records.. or
the accounts do not wmply with the applicable requirements (KIn￿rning th8 fomi and content of
a￿OUnts set out in thg Charities (Accounts anij Reports) Regulations 2008 other than any requirèment
that the accounts give a Irue and fair view, which is not a matter considere(J a8 part of an independent
ex8minalion.
I have no concems and have come across no other matteTS in connection with the examination lo which attention
should bè drawn in this report in order lo enablè a proper understanding of the accounts to be reached.
Ailsa Farey CA CTA
41h Floor
7 Swallow Street
London
W1B4DE
DATED this day of
2024.