Charfty number. 292126 THE PHILIP OPPENHEIMER FOUNDATION UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022
TrE PHIUP OPPENHEWIER FOUNDATION CONTENTS Page Rofernnco and admlnlstrntlv• dètalls of the Charlty. Its Tntytms and advls•rs Trust••8' report Indèp•nd•nt 8xamln•rfs rnport Stat•m•nt of fin•nclal actlvftla5 laft sh••t Notes to the finanGlal statements 8-16
THE PHILIP OPPENHEIMER FOUNDATION REFERENCE ANDADMINISTRATIVE DErLs OF THE CHARrrY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRL 2022 Th8 Philip Oppenheinw Foundation was ¥et up by Sir P J Oppenheimer for eharttable purposei by mean$ d a Deed of Settlement daltd 11 June 1985. Tru8t••8 Anthorry Emèst Oppenhelmer Antolnette Marla oppon1er Sophi• Clarg Lussipr ¢h•rfty r•glt•rod numb•r 292126 Prlnclpal offl¢o Flat 3 7 Netherton GfONt Landon SW10 9TQ Jamès Kreston Reading 8ridge Aouse George Street Reading RG18LS Bonkevs Coutts & Co 440 Strand London WC2R OQS Sollcltovs M¥for85 LLP 20 CuNlor Street London EC4A 1LT Page 1
THE PHIUP OPPENHEIMER FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 6 APRIL 2022 The Trusteas Prn1 thay annual reptyt togethw with the financial 5tatfjments of th8 Charity for the y•ar •nded 5 Aprd 2022. ObJ•ctlv•s and xtlvltl•s PoNcloB and obJKIIv Th8 Sgttlermnt Dood gives tho Trustees th• power to apply both th• Ifrne arvj capltal to such gallY charitable purposes in the Unlted ngdn or outside the UnSled Kirtgdcffi as the Tfuslees Shall in their sbsolute discretK)n from time lo time think fit. The Tntee5 are requested to gi¥fr Mr£id8ration ID The National Scciety for Ihe Prevention of CnttY to Chlldren, th• Jockey Club Chantable Trust, the Bentin¢k Benevolent Fund, th¢ Rendleshwn Benevolent Furnl and tho 88resf¢)rd Trus(. this requesi in Th) wdy linit# tho PLV4vers COnfeff on the Trustees. In setting objectives and planning lor activ1t1, th6 Trustéès hava given Oje consideration lo goneral guidanGe published by the Charity CommissK)n r¢laling lo public benefft. irludIng guidance 'Public benefft.. running ¢harlty IPB2}'. Achlevernonts and p•rfornMnce Maln achlev•fflents of the Charlty Ttris year the Trustees have made grants tot8lliThJ £132.044 to 8e¥ente8n charitabl8 oryani5alions {2021.. tw8fv8 grant5 totalng £102.5001. These ha¥e benefllal the public in a ¥arty of ways. Irom 8UPPOrting medlcAI r•8•arch to suppcnsng anlmaj wellw• proleets. Flnanclal re¥lth¥ a. Summ•ry The attached financial statements show the currant stale ofthe finances ofthg Fourthtbn. Investmént income I the yew amounted to £22,003 (2021: £17.102>. Grants pledgad during year amounted to £132.04412021: £102.51i01 a$ detailed in note 7. Tke Val Dflhe Investhlenls al the year4rJ hab eontuiued to reci)var from the 8vJnrfnl drop vthlch was as regull of tho Covk&19 pandem. Thé Trustoes ninUe lo monRortha vdug Df 115 Investments clrJ¥ety. b. Golng concern After maklng appropriala anquirtes, the Twstees have a re8son8ble ee¢tOOn that th8 Charity h8s adequate resources to conl¥iue in cverataI existence for the foresééablé future. For thi5 reason, they continue to adopt th8 going concern basis in preparing the finanGwl Statents. Further details regardlng the adopti of th• going concem basis can be found in the accounting polic&•s. . R•sorv•s policy The Truste85 lSh to retain 8ufficiert reseNes to rA)nlinue the level of ant making made in recent year8 whSknt also considering some largtsy prciects. The Trlfjtees consider all fwKls to be unrestrkled arvj that grants from the capital fund would be made rf a specnlc need arose. d. Inv•stment8 pollcy The Trustees intend to rnveSt the cash ¥th Coutt5 & Co. The knvestment pollcy 1$ to have a balanced ptyttdio to achiwe a baiancwj r•tum inccffi8 and capital with [Trale expcwe to tsk.
THE PHILIP OPPENHEIMER FOUNDATION TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022 o. Rlsk managamont poll¢y The Trustees have fevw•Md Ihe riaks fx¢d by the Found*ion arKI have implwnentad sy0118 trJ mitwJale these risks. In partular, the Trustees consider th81 the major risk ts tho value of the investrnents and the level of investment inccrfne. To mibgale this the Tr160 ara u$in9 the semces of a l•ading investrnent •dviser, Ctyjtts & Co. 8truGlur•i gov•rnanGe and manog•m•nt Constftutlon The Philip Oppenhelnwr Foundatton Is a regk8lwed chwity. number 292126. and Is constitUj WKler a Twst b. M•thodg of appolntm•nt or el•Gtion of Tru8to•• Thg management of Ihe Charlty is the responsibdty of the Truste88 who are elecled and rAwiled under t tom of th8 Trust deed. Organlsatlonal stnthrn and d•clslon4naklng polldos The Tru5tee5 meet rtyularfy onan Irrfornial besls and have a formal meetlng annually. Matertal deaTts arwj aThJ the approval Ll trustees report and annual accounts are made by all Trustees. Paga 3
THE PHIUP OPPENHEIMER FOUNDATION TRUSTEES. REPORT ICONTINUEO} FOR THE YEAR ENDED 6 APRIL 2022 Ststwnont ol Tnte•s. r•gponslbllltloB Th8 Trust88s are faSpon$lb far pr•paring th• TNBt•as' rwl and tha finarKHI OrRolS In accordance with 8pplicabla lthv and United Kingdom Accounting FAandard$ (United KIngd Generalky A• Accounting Practice). The law applicable to tharities in Engl & Wales requlres the Trustees to prepare financial slatem&nt4 fnr each financhql give a true and lar view of the stale of affairs of the Charty and of ily Incoming resourcés and 8pplicatkn of resources. includlng 118 inc4m• and •xpèndtiur•, for that period. In wepafin9 these finan¢AI statements, the Twslees are required to.. se*1 suitable accounting pol9 and then applythem ¢on$kntent, obs8N6 th8 meth(xls and prInG1 ofthe Charilies SORP (FRS 102)., make ludgmenls and accountino estimates that are rea$¢Jnable al pnKlenl', state whether applicable UK Accounting Standards IFRS 102) have teen foiith¥ed, subied lo any material departures disclosed and expklned In the financial stalarnanls" prepare ihe financial smements on the goiro ¢¢¢M ba$1$ untess Inappr(Pri? lo presume that the Charty I11 Mntinu¢ in buslne$$. The Truslees are Rsponsible for keeplng adequate accounting rerdS that are sufficient lo shcw and exp18in e Charitys transactions and disclose with reasonable at any Ilme the financial position of the Charity and enable them to ensure that the financld statements compty with the Charities Act 2011. tho Charity (Acciwnts and Reports) Regulations 2008 and the prlOnS of the Trust deed. They are also rEsponsiblE I Safeguarding the assets of thè Charity and h¢8 for taking reasonable steps fcy the prevention and detects'on ol fraud and oth¢r iffegulwiti¢s. Approved order ofthe memtefs of the board of Tnjsltts and SI¢d on th&lr bahallby. Emest Oppnh•lmor In•tto Marfa Op elm Clar• Lussl•r Dat•.. Filil8oc3.
THE PHILIP OPPENHEIMER FOUNDATION INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED S APRIL 2022 Ind•p•ndont Examlnoes R•port to th• TTU8té•• of Th• Phlllp Oppfrnholm•r Foundatlon IYh• Charlty'} I r•port lo the charty Trustees on my 8>3minti¢)n cl tho xcounts oftho Charity lor anded 5 Aprfl 2022. Responslbllltle3 and Basls of Report As the Trustees of the Charty you are re5ponsfolp for the preparation of the xccwnts in accordartt with the requirements of the Chariti85 Act 2011 Clhe 2011 Acr). I rwt in r•sp•ct of my examination of th8 Charitrfs wiunts Carried out under section 145 of the 2011 Act in carrylng out my examination I ha¥e folkxed the 41plieable Dyecthins given by the Chwity cryffl1tssA undgf 8ectKn 14515)(bl ol t 2011 Act. Ind•p•nd•nl Examln•e$ Slatem•nt Ycu attenlion 15 drawn lo Il fact that tha Charity has pr•parad th• a¢¢ounts Sn ¢dance with AGcounting Reporting by Charibes.. Siatement of Recommended PraciKe appltsbh trj chari85 prepartng their accoun In accordance with thé FiAanGAi RaportirJ StsrKlord applicable in the UK and Republic of Ireiand IFRS 102) in Pfeférance to the Accounting and Repting by Charit: Stalemer& of Recommended iued on 1 April 2005 which18 referred to in the extant regulali¢Jns but has been thhdr. l understand that this has been done in order for the accounts to provlda a truè and fair wew in accordance with Gffiaralty Accepted AccountiThJ Practice èff¢¢li¥• fc¢ rewting perKJds beglnning on Lv after 1 January 2015. I hawa completed my aYaminat[c. I confirn that M matters have ¢omg to my atl¢ntlon kn con1CtIon wlh the mlnlon givlng me cause to believe that in any matetsl accountlng recuth T4bere not kept in respect of the Charity as required by secuon 130 of th• 2011 Act., Cf the account¥ th) nDt acmrd with those record5', or the accounts dc not compty with the applicable requirements concwning the fomi content of accounts set out in the Charities {AcenIS and ReFths) Regulations 2008 other than any requiranenl that th8 accounts give a Inje and faie is nol a MeT consljered as part of an independent examination. I have no concerns and have com& across no other rnatter5 in COnrOn wilh t examinabon to attenth)n should be dwn In thi5 rewt Sn orderto enabl8 a proper understanding of th& 8cc(wnts lo be rèachad. Thls report 58 made Sole lo the Chafitrfs Trustees. as a bry. in accordance with Part 4 of the Charitie5 (Accounts ar#1 R8port8> R6gulatK¥n5 2008. My has been undertaken so that I might stsle to the CharTVs Truslws those matters l am rffjuifed to state to them in an IrKlepgndent examlnefs rewrt and for rki oth•r purpc6fr. To full8St extent pemlltted by Lqw, I do not accept or assume responsi11 to anyone than the Ch8dty and the CharitlB Twslees a5 a body, ts mywork or forthi% rEPOrt. Syngd: Dated: 25 January 2023 Darren Iyconnor Bcs {Honsl FCCA ACA {Senior StatutoryAuditor) Janes Covffjor Kreston Aud Chartered Accountants Readino 8ridgè Housè Georg? Street Reading RG1 PI8 Page S
ThE PHIUP OPPENHEIMER FOUNDATION STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED S APRIL 2022 Endovfflient Unrnstrfct8d lunds furédg 2022 2022 Totsl fund8 2022 Total funds Incom• and •nd¢xYments from: Donattons and legacies Invesknents 108.325 22.003 108,325 22,3 140tIO 17,102 Total Incom• •nd •ndowm•nts 130,328 130.328 32, 102 Expendlture on: Investrnent management costs Ch*itabl• aclivilies 933 108, 157 137,938 137,938 Totsl •xp•ndliur• 6,649 137,938 144.587 114,088 Not expendltur• beforn net galns on Inve8lments Net gains on 5nveslmerls 16.649) 60.061 (7.810) (142591 60,061 (81.986J 273.590 Net movement In funds $3N12 (7.610) 191.604 R•conclllatlon of funds: TrAal funds br9f01Ward Net movemenl In funds 1.189.SSO 53,412 59.581 (7,610) 1349,131 46.802 1.057.527 191.604 Totsl fvnds rrfod foThnrd 1,242,962 S1,971 1294,933 1.249. 131 The Ststement of FInala1 Actiiities includes al gains and Ios8es recognised In the sear. The n•$ on pagès 8 10 16 fom part ofthese fcIal slatements. Page 6
THE PHIUP OPPENHEIMER FOUPXIATION 8ALANCE SHEET AS AT 6 APRIL 2022 2022 2021 Nolo Flx•d aM•ts 10 1,2S3.959 1, 19a484 1,253.959 1, 19a484 CurTeTht ass•ts 11 301 46,073 Cash at bk hand 46,374 65.839 Cred*ors'. arnots falliThJ due withln one 12 5, 192) N•t eurrnnt as8•ts 40.974 gJ,647 Talal n•t ag9•ts 1.294,933 1.249, 131 Charlty funds End(hwnent fijnds Unrestrfcted lunds 13 13 1,242.962 51,971 1, 189,550 59,581 Total funds 1.2Y,933 1,249,131 The financial 8latemenls were approved and authorised for by the TNstees s¥Jned on thoir h4 by: y Emut oPnheImer Inètte MaTla Op Im•r The notes on pages 8 to 16 fomi part ofthese fmancial statements. Page 7
THE PHIUP OPPENHEIMER FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022 Gen•rnl Inforniatlon Thè Philip Oppenhelmer Foundation is a registered charity in Englarnl ar•J Wal•g. Th¢ address of Is reglstered office is Fbt 3. 7 Netherton Gro. London, SW10 9TQ. Accountlng pollcl 2.1 8a81$ of preparallon of flMnGlal statThnls Th8 financk41 slatements have been Prepar in xcordance vAlh the Charitles SORP (FRS 102) - AccountNig and R¢wling by Chae¥. Slatemenl of Recommended Practic8 apPIab to charittes preparlng their accounts in accordance with the Financial Rep)rtln9 Standard appl8 in the UK and Republtc of Irel8rKI IFRS 1021 {effectNe 1 January 20191. the Financial Reporting Standd appluble in the UK and Republlc of Ireland IFRS 102) and the Charities Act 2011. Th8 ffflancial 818t•m8nts have been prepwed to gi¥e 8 lale yiwl And h8v• d•p3rt8d Ircffl the Charitses (Accounts and Reports} Regulatbns 2008 onty to the extent required to provkle 8 Irue and VMV. This depsrturè has invofved folkjwing the Charities SORP IFRS 1021 publlshed in October 2019 rather Ihan the Accounting and Reporting by Chaiibes: Siateffth of Recommended Practice efftttiva fr<Jm 1 April 2005 wlich ha8 since b88n vitthdraffi. The Phllip Oppenhekner Foundation meets the deffftbtion of a publK benefrt ertity under FRS 102. Assets and liabifrties a Inlually recc•Jnised at historic41 cost or tranS&tK vae unless Jthèrwi8e slated In the relat a¢counling pollcy. 12 Incom• All income 1$ rncoani$ed once the Charity ha$ 8ntill8ment to the inccrfne, it 15 wthble that the irwm¢ vrill l)e TeGeived and lh• awnount 9f itwme rCl¥able Gan be measured rtliabSy. Income tax recoverabk wi relation b Investment income 1$ recognised at the time the Invastrnent irumg is receivabk. 2A Expendlturn ExpenditLYe is reeognised once Ihere Is a Wl cff constructpA obligation lo transfér économic bofft to a third party. it is probabl8 that a transfer of econrmic benefrts wlll be required in settlement and the amount of cligation can be meawred religbty. Expenditur• ¢)n raising lund8 irlUdeS all &Xp8r1tUre incurred by the Charity to raise funds for its charitsble purposes and includes costs of all fundrai&n9 aclNitses events and ncfi<haritabb trading. Expenditure on charitablg actiw1 15 Incuryed on diredy undertaklng the aclivlles vthich further th? Charityls objKhves. as well 85 ary associated supwt costs. Grwts payable are tharyed the year wthen the offer is made except in Ihos? rAses where the offer fs Cdon91, Such grants bthng recognised as expendrture the condriions atlaching ate fulfil1. Grants offered sublecl lo conditions YthiGh have not been met al the ypar and we noted as commitment, but not accrued as expendituft. All exd1{Ure is inclusNe of itrecoverable VAT. 14 Intoro•t rn¢olvable Interest on funds held on deposit is Induded wfien recelvable and the nount can bs measured rlliabty by the Charity. this is normalty upon notTfication of the interest paid or payablo by th¢ Institution wlh the funds are depo8ilad. Page 8
THE PHILIP OPPENHEthIER FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022 Aeeauntlng pollcl88 l¢ontlnu•d) FNed asset inveskn•nts ar• • foffft of financlal Instnjment arKI are initialty recwlsed at their transaction cost and subsequenlty mea8ured al far Value at the Balance sheet dato, unkns tha value cannot bè meagured reliably in vthi¢h case it is measured 8t ¢t less IMpaient Investrnenl gai and losses, whether realised or unrealised, are combined and pffjsented as 'Galnsl(Losses) )n Investments, In the Statement offmancial rvbtRs. 16 t)•btors Trade and other debtors are recognised al the settknient ¢Tht aftor any trade dis¢ount offered. Prepaynents are v4ued at th8 amount prewl net of any trad& discounls due. 17 Cash at bank and In hand Cash al bank and in hand indudes ch and slx>rt-lem highty lliuhl in¥wtments with a sPKJrt maluiity olthree month& or less fr(xn the dat• of or openlNJ of th8 deposit or similar ac¢ounL 2A Uabllltl•• and provlslons Lbllities are reccgnlsed whan thgre b an oL4igalion al lh8 Baiance sheet dale as a rBu of a past ovenl, it is probable that a transfer d economlc benefft will be requir¢d in sdtlemenl. and the amount of the sewemenl can be esllmaled ro&ably. 2.9 Fund ac¢ountlng Gwlernl funds are unrestricted funds whlch arn Availab for u#• al tho dIr¥n ol th@ In furtherance of the gen owives of the Charity and which have not been d•spJned for other purposes. Th8 wiital end¢ywmert fund Is an empwthble en( vthith can be retained as caprtal and Instad or spent at the trustee5' rfwetion. Th? income arisiThJ fran the eXpable end¢ytrnent is In¥esbn& tllLK¥n4 gains k)88es are allocated to the ryprnprfale fund. Incom• from donatlons and l•gaele• fund6 2022 funds 2022 funds Donations 108.325 108.32S 15.O¢XJ To1812021 15,C Page 9
THE PHIUP OPPENHEIMER FOUNDATION NOTES TO THE FINANCIAL 8TATEMENTS FOR THE YEAR ENDEO S APRIL 2022 Inv•sbno01 In¢om• Unrnstrlct•d funds 2022 Total nds 2022 Tof81 IrOrne from listed invtstsnents 21,963 40 17.020 22,003 17. 102 Total 2021 77, ILY2 17.102 Analysls of •xp•ndltur• on charltabh actl¥ltl•s summary by fund ty Unr•strfct funds Total 2022 137,938 137,938 108.151 Totsl 2021 108,157 10a 157 Anafysls ol •xPdfturn ty acthilues Grant fundlng tsf a¢tlvttlos 2022 Support Total funds 2022 Total funds 132,044 5,894 13T,938 108. 157 Tolal 2021 102,5CI7 108. 157 Pag8 10
THE PHIUP OPPENHEllJlER FOUNDATION NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED S APRIL 2022 Anatysls of expendftum by actfvttle8 {contlnu•d) Anatysls of support ¢tr Total funds 2022 Total 2022 2021 Accountsncy IndepMdent eInation Administration expenses 4.020 1. 140 497 5.894 Tolal 2021 4657 5657 Paga 11
THE PHIUP OPPENHEIMER FOUNDATION NOTES TO THE FINANCiAL STATEMENTS FOR THE YEAR ENDEO S APRIL 2022 Ana18 ofgrnnts 2022 2021 Asthma Rellef Bkd Cancer UK 8ow81 C8n¢8r UK Biitigh Rod Cross Ebory Horne Club Frtends ofThe Eldwty Friends of th8 N•mrf(et Day Cenlre The Horse Trust Htsjse of Voliaire Injured Jockeys Fund Institute for Cancer Vxcines and Immunother The Kil$ Roy71 Houseweffare Fund The King's Royal Hussa The Mix Munyawana Ccffi58P48ncy Conservation Prostate Cancer UK The Raceh(vse Sancturary Racing WeKar Senieb The Skk Chlhjrens Tru$1 Spinal Injuries Associali¢Jn St Mary and the Holy Ht of Haaven Church Support Dogs Target Ovwl•n Cancer Tusk Trust Ltd Worfd Horse W811¥8 Wet[ar3 10,000 10,000 10,OLKI 10.01)0 10.000 4000 10.000 4000 14IM4 10,000 iO,L 10.000 10,OOD 15,000 5,000 132,044 102.5L Independent examln•¢s remun•rntlon The independent remun•ration amounts lo an indeperKlent examlner fee of £1,20012021 . £1, 140). Tnte•s, r•muner*lon and expensos Durkng t year, no Trustees ary remunernffion or other benefrt8 (2021- £NIL). Durhg the year ended S Aprd 2L122, no Truatee •xp•ft bxn th)¢urred (2021 . £NIL). Page 12
THE PHIUP OPPENHEIMER FOUNDATION NOTES TO THE FINANCIAL STATEMEwrs FOR THE YEAR ENDED S APRIL 2022 10. Flxed uset Invlslmonls Investmants Cost or valuatlon At 6 April 2021 Addith?ns Olsposa R8valuall+X4 1.198,484 465,444 (407,7471 12,2221 At 5 April 2022 1,253.959 Net book valu• At S April 2022 1,253,959 At SAP 2021 1. 198484 Tha histoal cort of the listed Inbwtmenls at 5 April 2022 was £1,117.567 (2021: £1.059,870). 11. Othorn 2022 2021 Due vthhln on¢ yoar Dividends reab 301 301 Pagg 13
THE PHILIP OPPENHEIMER FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2022 11 Cr•dltor*: Amounts falllng du• wlthln one year 2021 Oth•r creditors U01$ 10,032 4160 15,192 13. Slatoment of funds Slatement of funds- currènt yèar Balanc• at 6 Aprll 2021 GdTh81 8alance at 5 (Lau) Aprll 2022 Income Exp•nditur• Unr•strlct•d funds Unreslrfcted Income FuThY 59,581 130,328 1137,938) 01.971 Endowm•nt fvnds Cawt4 Endo%Mnent Fund 1,189,550 (6.649) 60.061 1,241962 Totsl of funds 1.249,131 130,328 {144,$871 60.061 1.294.933 Slatoment of fund$- prlor year Balance 81 l Apn12020 Bal8nG8 81 (Losses) 5 Aprf 2021 E¥p8ndilurn Unr•strlct•d funds Unrestricled Inei¥ne Fund 135.636 32. (108, 157) 59,581 End¢)wm¢nt funds Capital Endtynent FurKI 921.891 (5.931) 273.590 1, 189,550 Tolal of fun4ts 1,057.527 32,102 (114.088) 273,590 1,249, 131 Page 14
THE PHIUP OPPENHEIMER FOUNDATION NOTES TO THE FINANCIAL 8TATEMENTS FOR THE YEAR ENDED S APRIL 2022 14. Summary of funds Sumrnary of funds- eurmnt yaar Balance at 6 Aprll 2021 Galnsl B•lan¢e at s (Losses) Aprll 2022 Inwmo ExPdIre Generd fvnds Endowynenl fun<ts S9,561 1,189,550 1aox8 1137.gJ81 (6,649) 51.971 1,241962 60,061 1,249,131 130.328 1144,$8n 110.061 1,294,933 summary of fvnd8- prloryear at l Apn7 2020 Gainw Balancg ?1 (Losses) 5 Aprt 2021 Inc8 Expendltum General fund$ Ernent fund& 134636 921,891 2,102 (108, 157) (5,931) 59.581 273,590 1. 189, 1.057,527 32, 102 (114,088) 273,590 1.249, 131 1& Analysh of nét a8s•ts bthv•on fund• Analysli of n•1 a88•ts bqtwoon funds- cuffent year Endowment UnY•strlct•d funds fund 2022 2022 Total lunds Fixed 88881 inNwtrnents Current assets Gredllcn due vthin one 1242.962 10.997 48.374 (5.4CKI) 1,253.959 46,374 15,4001 1.242,9S2 51.971 1.294.933 Page 15
THE PHIUP OPPENHEIMER FOUNDATION MOTES TO THE FINANCIAL STATEMEKrs FOR THe YEAR eMDeD 6 APRIL 2022 15. Anatysls of net •ets b¢twoen funds Icontlnued) Anatysls of n•t assets between funds. Prloryur Tol81 fvnds 2021 lunds Fixed asset Inents Current 88sèts crSt du• within ¢ne year 1, 189,550 4931 1, 198.484 (14 192) f14 192J Totsl 1, 189,550 59,581 1.249, 131 18. R•lthd rtY trnnMctlon• The Charity ha5 not entered into any related paty transactlon during the year, nor are there Y outstanding bafances ovng beeen related part the Charity at 5 April 2022. Page 16