THE kTNDIUCK FOUNDATION
CHARITY REGISTrATION NO: 309072
THE KENDRICK FOUNDATION
FINANCIAL STATEMEN75
FOR THE YEAR ENDED 31 MARCH 2021

THE KENDIUCK FOUNDATION
CHARrrY REGISTIL4TION NO: 3119072
ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR KNDED 31 MARCH 2021
ONTEIYTS
Pa8e
Report of the TTu5tee
Indepa)deM Examiner's Report
Statement of Financial Aaiviiies
Balance Sheet
C.&8h Flow Sthtemurt
Notey to the Financial Statem￿ts
8-11

THE KEL¥DRICK FOUNDATION
cHAR￿y REGISThATION NO: 309072
TRUSTEE:
Michad P￿¢ Icbairnwi)
Marsha Carey- Elms
Claire c￿ne11
Virgi￿* Cullurn
Allan Currall
Jean Elli(￿1
Garrtck {Secrdary)
Jan Nowecki
Michad W￿1
William Whittirtgham
PIUNCIPAL ADDRFSS:
Kendrick Sch￿. London R(*d, Readin& Berkshir< RGI 5BN
INDEPKNDENT EXAMINEIL.
Jasnt8 Cowper Kr¢s¢ffi. R¢JdinB Brid8e C*A)rBe Strrt Readin& Berkshire, RGI 8LS
SECRETARY
Rc8er Ganicl C(mpany Se¢rdary. The Kendrick Tntst Ltd.
BANKERS:
Uoyds TSB. Market Place Bran¢h. l Market Place. Readin& Berkshire, RGI 2EQ
SOLIC￿oIl$.
Clarkslryd. On¢ Ftybury Squar< The Forbury. Readin& Befkshire. RGI 3EB
INVESTMENT AD￿SORS.
CCL& Senaior 85 ￿e¢D Virt(Yia Strert London EC4V 4ET

THE KENDRICK FOUNDATION
CHARrrY RECISTRATION NO: 3091172
REPORT OF THE TRu￿￿E FOR THE YEAR ENDED 31 MARCH 2021
Trust Deed
The Kendrick Fcwndation was fcyrned by a Scheme wroY•AI by The Charity Cmmissioners for En￿find ortd
Whles dated 9 March 1998 as m(Mlified by SLb3Wt th dat￿1 23 January 2LM)2. 7 Mar¢h 2(X)3. 30 March
2(K)4 and 20th D¢<<mbu 2017.
Re8iltrntiott
The F￿ndation w&% rryi#ered with the ClTrarity commissi￿er9 for Engl￿d and Wal¢$ on 9 March 1998 gnd
givM the re8istrati¢m numbu 30W72.
Trn
The tru$¢ee of the Kendrick Fcundatiort is the Kertdri¢k TrusL a company limited by bwant¢e. The directors
of the Kendrick Tr￿ durin8 the year under review were."
Pa8e (Chainnan)
Ro8w Garrick (Secretory)
Karen B¢)ssom
Marsha Car¢y-Elms
Claire Coftndl
Virginia Cullu
Allan C.urrall
Jekn Elliott
Jan Nowe£ki
Michael Wall
William Whittin8ham
The number of dir#tm within the Kendri¢k Tft￿ shall not be than I l and so lon8 48 Ihere shall be les5
than 2 director& oone of the Fthver (w discMi0￿ Ve￿¢d in the direciors shall be exer¢isable excepi f(r ihe
rpose of appointin8 a new dir￿lor (r dif￿r5.
None of the diredm n(rted above rettive remuneration for the time Spent cffi the atTairs of the Foundatiort,
Roger Garrkck was reimbursed £13 for expenses In￿￿1 in fLlinB the annual return for the Kendrick Trust
with Companies H￿$¢. No othw of p(Kk¢t expense5 were paid to. or in respets of. the (bI￿)[S for the
year ¢nd¢d 31 March 2021.
Direcuxj are re<Wit￿l when rty4uiroJ fr(xn amon8 peo￿¢ with aft intenst in Kendrick Sch(NJl: nixnination5
may be SthL8hi frun the KendrF¢k Parents. &Kiety (KPS) or the Kendrick Old Girls, Association (KOGA).
Induction and trainith8 15 by means of infornjai mentorin8 by the chlitrnan and oth¢r tru51ees.
The Ch￿lty has no employeu.
The dire¢t(xs meet & n4uired, generally onc¢(Ytivi¢¢ per annum. The pwx)se of these mewings is to receive
reports and to ovtY5¢¢ and recommend payment of and to review the Fwndation'$ investment
perforni8rt¢e in the light of apprwiaie prof¢ssional advi¢¢ and dso to receive and approve the Foundation's
ounts and reFM)rts detsiling t￿ rU￿ent financial position of the F￿ndatiOn. A comrnittee of direaors ha$
delegated wthority to consider and dderniine applications for within the chaTity'5 grant-m4king policy.
Only very min(Y d￿lS￿(M$ are tak¢n withTrrt reference io the dirKtors.
Page I

THE KENDIUCK FOUNDATION
CHARrrY REGJSTRATION NO: 309072
REPORT OF THE TRUSTEE FOR THE YEAR ENDED 31 MARCH 2021
Aims and Objettiva
The aims and d)jedi¥¢s of the Kendrick FTrthda¢i(x) are to advanct the th¢ati(m of the b¢rtefi¢iaries. nwnely
the pupils and f(Kmer pu&xls of Kendrick Gid$' Sth(Kl in Reading.
The charity see&5 to ojt its objectives by.-
L) making to the sch(M)l and to ojrreni and recohi students. The ncm&lly makes available up to
IAy/o of the preVi￿S year'5 unrestricted income for distribution in the ojrreni year.
ill maintainin8 the valu¢ of tts assets for the benefit of futyre generations of Kenthick pupi15 and. in
particular. to rd)uild the capital value previ(￿SlY represen*d by the playin8 field sold 2004.
Review of achievements d￿nI8 the year
I￿ring the year d(mations of £76.0(X) were made to K¢ndri¢k school as contribuuons towards the S¢hwl
Kpansion project. These donations make the tcrfai contributions io the project £126.000 which was the agreed
¢x)mmilrn¢nt made by the trustee. No 8rants were mad¢ during the year to current and former ￿pi[S as
L¢xkdown and iravel re¥n￿l0￿3 imposed durirt¥ th¢ Covid Pandemic made ihe norniat ￿Udent projects and
tr4vel irnpo55ible. The Tru5ke inlends to increase the fundin8 for student 8rants in future yar5 to WMpen￿le
for the lack of 8rants in 20V21. No 8rani was mad¢ towaTd the School speech day a$ thi5 wa5 unable to take
pla¢e due to Covid restftaion5
InVe￿￿ent Policy *nd PerftsrwaN¢e during the year
CCLA w¢re appCInt￿ the Fojndation's investment rnanaB¢r •1 the AGM in June 2015. Thty mart￿¢ ihe
F￿ndatiOn'S i dis¢reii¢yw b&qi& dosely m￿71(￿1 by the trU￿e¢.
The investment policy i$tg ￿h1¢Ye a reasonable rot¢ of relurn in the contexi of an acceptable level of risk. The
value of the in¥esMent prfolio increased during the y¢4r by £479.828. which was a si8nifJ¢ant achievement
in a year of 8ener&l fin•n¢i81 difficjjlry due ￿ the Covid pandemic.
The r¢¢(wpment fund is required by the Charity Commi&%1(￿, ¢0 recoup. over 60 years. the 2(M)4 dfflation uf
£2.8m to Kendrick Sch(d for new sp￿5 facilities. The Origin￿ £500.¢JX) set aside forthis purpose had grown
to £1.499.728. al 31. M8Tth 2021, £701.97418V/•) alM)ve the w of £797.754 needed ￿ r￿up ¢he £2.8m
eveniy over 60 years.
The value (<the Temginin8 pmnanent endowmeni whi¢h provides the expendable income, is £1,29),147.
Publi¢ b¢o¢fi¢
The F￿1nd￿lOp has complled with th¢ duty (set (Mrt in seaion 4 of the Charities Act 2011) to have due
resard to public benefit 8uidance publish￿1 by the Commission. It ex15ts to support the work of Kendrick
Sch(K)I by making sranis for aaivities not ¢oYered by standard funding. The FI￿ndatIOn wves annual trnvel
8r4Th19 lo senior students. (o enc(wrage them to widen iheir exp¢rien¢e and become more r(MJnd¢d individuals
by wnlnbuting to a di(ferent culture and sharirJ8 their skills for the benefit of others.
Th¢ Foundatson sold land. in 2¢))4, 10 finance the constnbction and fitlin8 ¢)ui of a S￿rtS hall at the school.
This facility is available to th¢ Benerai public in tXll-of-school hout4 ai W￿endS and in sch(x)I holidays.
Page 2

THE KENDRICK FOUNDATION
REPORTOFTHE TRVSTEE FOX THE YEAR ENDED 31 MARCH 2021
oCM4•r
The ¢ru#ee ￿lde$S the variability of ln¥t$knna￿ return5 00 the permanetti endowme￿1 to constitute the
ty's majiy risk. The tsus*¢ T¢SF*)nds by tsking professiOr￿ advice and diversifyittg 119
Law applicable io dwitits IA England ajd Wdes reqthru thetruAee io prepare finane4#1 statunents for e•ch
fhnAMthd yw w￿.¢h giv¢ a mi¢ and fair view d the ch•n'ry's finaocid adiyities the y￿r oThd of lis
finaTKid al th¢ end of tho ye4r In thffi¢ *4temeM& the truK¢e 1$ to.
Sd￿¢ suitable a¢coJntsD8 poiieies theD apply th•m coosist¢rtdy'
Make J￿eMentS 4od estiffl•ies that are rea90n￿le pnthii.
Stste applicable *c￿ntin¥ M￿rdS aud sr•t¢rnwn of T￿(￿rtmended mce have been
fdlowed thjert io any dtFW¢u￿ di￿[￿0 cwiined in th¢ fiD*ncial Sutsmeftts, and
Pw the fLnancaAi w*ments the g(Xn8 ￿ncern btsis Unl¢￿ ii is in•ppropri&e to ￿esUMe ihat t
¢lwity will in busness
10.
Followin8 th¢ sHl¢ ￿￿181n￿{Y endowtd IWHI and rf£2 8m io the KendTiek. School 4nd
in XCLYdanc¢ with 4 clwitiescthnmis5l￿ Ordwdwed 3(ft M￿ch 2(XM the trux¢e initially invested £￿,￿0
in a Xparoie recwrni furvj and its 1$ to iticrux the V￿￿e of this fimd. indudin8 the reinvtstrneni or
inc(*ne ffcrfn 72 6% of units hdd, $0 that il Texhe5 a value rf£2 Sm o*er 60 yur• The $ policy in
of the bdanc* end￿TreAt fund is ￿ pr¢Nkv 4D inciffje that IB tr￿sf¢￿t￿ to an unresirithed
fi￿d which the ￿¥llts aTrJ other F¢(yer &KwdiDJtt of the FWThdats￿ ¢an be ptiid for th¢ for¢%¢8ble
tlrture. The trusMe's rLorntil rrt4i¢y fty the Ufirewicityj incorne fuNI is ihe affl￿￿1 of ￿￿ttl8 mad¢. in
dwKe with the Fwnd*I￿'s d)j￿1Ve& sh￿1 ncrt exctd W.4 of the io¢irne in ihe pr¢viws year. Any
èxeuj of incane over w4nts m•4e and odmioisii•tsoii C0#5 paid is forwlrd TO en•bl¢ the FLxuthuon.
iti ¢xC¢pti(x￿L cIrc4lln￿r￿ fo tffiide 8Tants exceedin8 lis nonnal p￿iCY
Accou
The trumet c(mfirn)s the a￿1￿19 with".
aty￿. requiremen
the yo¥ernin8
the sthtem¢tti pxtiCg"Ac4owiin8 and RekwJtinB by Chuitsu. i55ued in ?005.
The I￿Stee is re￿￿￿•bIr f(Y keepin8 accwiD8 r¢oxd$ **ti¢h di￿0￿ with reaMxwblt •ctwacy ar any tsme th¢
fin8ocid po8ittc￿ of the chariD' Ind ¢neble it to ensure that the fitWJC4d **i¢ments GL¥nply with the Ch¥ities Act
?01 I li is al￿ rw*xsiblt f￿ safeguuth"n8 the of the chan'ty and hrnce f￿ ttkin8 re4sonable ￿ep3 fcf the
Approved by the tfU5k¢ (xh
21r21 and (MJ 11> behalf by..
MICHAEL P
Chaimith of Th¢ K¢ndri¢k Tntst
Pa8¢ 3

THE KEL¥DIUCK FOUNDAIION
CHARITY REGISTRATION NO: 309072
l•d•pendth Ex•min•e• R•portto th• Trust•e of Th• Kendrl¢k F4)und*tion
I rwjrt to t￿ tnJs1••5 1)n nry eXa￿￿n￿n d lh• accuxts d the K•ndric* Foundab"on forthe y•ar ended 31 Marth 2021
whKh set out on pages 5- 11.
RMpon•ibilill•s and bath olr•port
As Ihe chanty trus1•• of lh• K•ndnck Foundathx you arty lof th• prepar8tion of th• a¢¢ounti in a(¥ordance
th requirements of the Chan1￿ Act 2011 Ilhe Acf).
I rfj￿ in r•speca d my eXaminat￿n ol thts F¢)undaticYt's w￿ntS Carried c￿t under s•ction 145 of the 2011 Act and in
earrying out ry examIn*￿ft I have folkn4￿d all the appheable t)rtKJns given ty the Charity Commission under S•<#ion
14515) {bl of the
I hav• compl•ted my •XaMinalK￿. I confirm that ￿ matonal matt•rs hav• e4nts to ftTy *tt•ntK>n In ￿nneCtion V+ilh th•
examinabon giving m• ¢aw• to WioV• thot in any matsnol r•spe¢*.'
aceountinp rty>xd5 *w• k•pt in resp•¢l ofth• FOUr￿￿110n u r•qulr•d by s•c4ion 130 oftho Ad,. or
th• act￿nts ¢Jo not •ct4nl tith these rwxd*'. I
lh• a￿OUnts do not compty the appIl￿ble rewirements ¢onc•rrMng the fomi and cont•nl of acC￿nIS sel oui
in ihe Chantses (ACt￿nIS R•I￿rtS) Rogulait>ns 2C#)8 oth•r than any requir•ment th•t the rxcountg gN• a'lw•
and 18ir w6vf V&thK* 15 nol • m•tl•r c¢rwd•rnd ￿ part ol an indop•ndorrt exAmination.
I have no o)nc4ms •nd hav• ￿￿)$> fK> Oth•r matt•rs in conn8dion th• OX￿14n•t10ft lo whKh attenllon $hould
dravffl in ¢his rw wwbl• • ￿¥oPer urthrstAnding d th• ac¢ourts to M reaeh•d.
I￿ Pe
Alox P•al &Sc IHonsl, FC& DChA {Seniof St*lulory AUtht￿)
Ch8rtered Aceounlant
jam￿ C¢y*per l<Jeston
Reading Bridgts Hous•
Gaory Stre•t
R•adi
Berks
RG1 8LS
22 July 2021
Page 4

THE kTNDIUCK FOUNDATION
CHARrfY REGISTRATION NO: 309072
STATEMENT OF FINANCIAL AcfiviTIES
FOR THE YEAR ENDED 31 MARCH 2021
Unrts¢rifted Pemlrtent
Total
Income Ettdowment
Y￿r Ended Y￿r Ended
F¥Thd
Futtd 31 March 202131 M*r¢h 202
Nfj
lttetsme from:.
Bank and de￿￿tt iftter¢st
Dividend rn¢ome
Other Income
45
50.9)5
45
50.995
270
51,340
18,818
Tot￿ in¢omirtg r¢s￿r¢¢$
51.040
51.040
70,434
Eipe•di¢ure on:.
c.ost of ch8ri¢able activitie4
Administr*iort Co*s
76.¢XK)
1015
76.000
2.015
52,650
2,043
78,015
78.015
54.693
Otber Recogttixd Gaini *nd LoMes
Gain￿(1088es) ort investmthi a$￿$..-
Re￿1$ed
Unr¢aiiseA
10
10
479,828
479.828
(46.989)
Ne¢ in¢ome IIExpelldlture)
(26,975)
479,828
452.853
(31,248)
Fund ball￿¢$ * l April 2020
2.310,047
2,350,655
2.381.903
Fund BAl*neu #131 MArch 2021
13.633
2,789.875
2.803W8
2JSiI.655
Page 5

THE KKNDRICK FOUP4DATAO
BAL4NCE SHEET AS AT 31 MARCH 2011
JI Ma￿h 2020
Fixed Auets
IrtV¢5tmen15
10
2.789.87S
2.310.1)47
2.789.875
2.310.047
C¥rr¢•t A>*eis
Calh ￿ld Invethent Manw
Cash 81 Uoyds baftk
13.078
2.512
38.0.18
4.469
15.5
42.507
Credil•rK. IAllln# dq¢ wii&l• ye*r
11,8WI
Ntt Currtut Asgds
13.633
40.608
Totsl Amets IM Cuyretht iAibaitit•
2.803.508
2.350.655
Repre￿i¢d by:
UnTesiric¢¢d income fund
endowmeni fund
12
12
13.633
2.789.875
40.608
2.310.047
2.8Q3.X18
2,350,655
Approved by the Tn￿et th i 4
2021 and si8n*l (m i15 beh￿t by
(SI￿￿￿) MICHA
PAGE

THE KEL¥DIUCK FOUNDATION
CHARrrY REGISTRATION NO: 3091172
CASH FU)W STATEMENT FOR YEAR ENDED 31 MARCH 2(121
Note
31 M*reh 2021
31 M4rch 2Q20
C￿￿ gt*er*led for Oper*iing Actlvitiej
Net cash (used in) Operatin8 Activities
15
(77,957}
(54.547)
C*ih flowi from Investin% Adivities
Dividends. interest artd rents from invesunents
Purchase of proi*rty, plani & 04uipment
t￿b provided (wed iavesting #rtfvltl
51.040
51,899
51,040
51,899
CAih ll•w* from FiThancin8 Activities
Rep8ym¢nts of borrowin8
Nel proVId￿ (wkd ini *etivit*s
Change ON eaib And ¢*•h eq•ivalenls in the ye*
26,917
Cuh *t b*Dk al i¢art rfyear
C$sh *1 And in had at end of ye*r
42,507
IS5
45,155
42,507
Pa8e 7

THE KENDIUCK FOUNDATION
CHARITY REGISThATION NO: 309072
NOTES TO THE FtNANCIAL STA TEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
Atcountinz Policies
The financiai staiem¢nts are weparol under the histwicol ￿$1 wivention with it¢m$ recogni5ed at cost
or transaaion value unle55 othetwise ststed in the relevant notes to thes¢ a¢counts The financial
S￿eMentS haVeb￿ ptepared in a¢￿Kdance wilh the Statement of R¢coTnm¢ndal Prartirx ' Accouniin8
and Reponing by Chhrittes wep4Tirtg their accwnts in accordance wth ihe Financial Reporting Standard
applicable in the UK Republic rflrdand (FRS 102) isgJed on 16 July 2014 and FinaTt¢ial Reportin8
Standard applicable in the unit￿ Kin8dorn and Republic of Ireland (FRS 102) and Charitses A¢t 2011.
The Kendrick Fcdmd8ti￿ ¢(m￿lly￿ a wbli¢ ben&it entity as defined by FKS 102 .
All investments are $￿ts￿ at mid-mtrkd value at ihe b￿ance sheet date. Th¢ movement in the Statement
of Financial Activities comprises both re4li*l and uoreaiised 8ains and losses.
Bank interest is accL*Jnicd fLY on an oe¢rual$ b4*5.
Inv¢siment in¢s)me is aCc￿n￿l whert received.
Recovery of tsx deducted on intere# received is a¢x(wnted for when r￿e1Ved
D￿lti(￿ls are rwised and applied to the Tty￿ Fund when received.
Gronts and donations are I￿￿n(cd for whM 4pptt)v￿ Administrative expendibjre is aCc￿nted for on
an a¢¢n￿lS basis.
Liabilities are rew￿lsed on an xcnwl$ b•81$
Ptmirteut Endowmeftt Fund
Th¢ permaneni endowment fvnd rel￿tI to the value of the land and assds (￿sin￿]Y donated to the
Foundiiion. The land was disposed of durin8 the year 2￿4-05. The C.haTity Commissioners dir￿ted by
order on 30 March 2(KM that £51NJ.LXM) of the pr￿￿j$ be investrjj with the purw)5e of accumulaiing
fund rf£2.8m over 60 years to recoup the cost of don￿lon5 to Kendrick School in respect of assi51in8 in
construction of new sport5 facilities. The baiartt of the pemarteni ertdowment fund is applied in
a¢¢(Ydan¢e with the objects of the F(M]ndation.
In¢ome Fund {URrestrirted)
The Inwme Fund represersts fund$ io be for th¢ payment of Brants. donations and administraiive
¢xp¢nw of the F￿￿d&tiOn.
DonAiion$ *ttd Gifts
No donation$ w¢re re¢¢ived during the year.
B*ttk •ttd Dtposii InieTtst
Year 10
31 MArth 2021
Year lo
31 March 2020
RKeived by Unrestrithed Funds
45
270
Pa8e 8

TKE KENDRICK FOUI¥DATION
CHARrfY REGIST114TION NO: 309072
NOTES TO THE FINACIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
lTrvestmegt Ineome
Yur to
31 M*rrh 2021
YeAr to
31 M•r¢h 2020
CCLA
Investtn¢nt Fund
Prcw Fund
43.963
7.383
50,W5
51.346
Investhient Income re¢eived f(Y
Unre*ricted Funds
50,995
51.346
Other l#come
Year 10 31 M*rch 2021
ltytome Fynd
Elldowmeot Fund
Year t
31.3.2020
Total
Inlerest
Investments
283
18.535
her Incimne yle 31.3.2020
283
18.535
Ch*rlt•ble ￿p￿di￿re
Durin8 the year th¢ F(x￿datiOn made donaiiffis to Kffidrick S¢hod of £70.(M￿ for the s¢hool expansion
project.
Ail charitable expuditUTe in 2021 and 2020 wls from unrestrT¢ted fund$.
AdtyinithtitiD Co¥lJ
Year to 31 March 2021
tome
EndowmeAt FuDd
Year io
31.3.2020
TotAI
Ind¢Fxndent Examintr's TwUnu￿1(
Sundry expell
Ic
2,INJ2
13
2,030
13
13
1015
1015
2,043
Administratiffi ￿1$ yle 31.3.2020
2.043
2.043
No rernuneration was pwd to the trustee durin8 the curmi puiod (r previiNJS yews.
There were no anployees during the year.
Page 9

THE KENDIUCK FOUNDATION
CHARITY REGISTRATION NO: 3119072
NOTES TO THE FINANCIAL STATE.MENTS
FOR THE YEAR ENDED 31 MARCH 2021
10.
lnvostmtnts at Market V*lw¢
Year to
31 March 2021
Yur to
31 March 2020
CCLA - COIF Investment Fund
CCLA.. COIF ProFffj Fund
2.659.667
130.208
2.176.897
133.150
2.789.875
2.310.047
At 31 March 2021 the purcho8e of the investsiients held as follow$.'
c(￿ of investments
1,849,191
1.849.191
Market value of investhients at SW1 of year
Tr￿sfer fr(¥n Old Girl's Scholarship Fund
2,310.047
2.338.501
18,535
Reatised Bains l {lo&w)
Unreolis¢d gains l Oosses)
479.828
{46.989)
Market value of investments of year
2.789.875
2.310,047
All(Kation of tnvestments held
Ovw8eas Equities
UK Equities
63.8
55.8
10.3
Infrastnjaure & Optratin8 Assets
Contracwal & Other Income
Priv￿¢ Equiiy & Other
Fixed in¢etest
Ic1).o
100.0
Credilorj: f*lliu8 due witbln ont year
Accruals
1,957
1.8
1.957
1.899
Pag¢ 10

TEE h￿l¥DIucK FOUNDATION
CHARrfY REGISTRATION NO: 309072
NOTES TO THE FINANCtAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
12.
An￿$15 of Fund ￿#Dee$
Pennanent
Endowment
Fund
Income
Fund
Total
Funds
1789.875
1789.875
13.078
2.512
(1,957)
Cash held by Investment Man
Cash Al Lloyds bank
cr￿111)r5
13.078
1512
{1.957)
13,633
2.789.875
2,803,508
The Perrnaneni Endowmejrt Fund ¢4)nsists of the followin8
Recwpment fund
Amount originally invested in 2L
Ina)m¢ and gain5 in years 2(X>4- 2020
Unr￿1$￿1 tnve5tment 88in$ I Ilosges) in year 2021
5(M).OOQ
715.605
284.123
Recoupment Fund at 31 March 2021
Bai8n¢¢ of Endownent Fund ￿ 31 MAr¢h 2021
1,499.728
1.290.147
Twl P¥m&nent Endowment Funds
2,789,875
13.
Posl BAIMee Sbee¢ Eveots
There were no balan¢¢ sheet eveDts
14.
Rel*ted Party Tr#￿￿¢¢1￿> Ultimate ControU1￿ P*rty
The trustee of the Kendri¢k F￿nd￿lOn is the Kthjrick Trus4 4 C(Nnpthy incoTpcffat&d by guaratt￿.
(Company number 3517162) The dire£kYs of the Kendrick TrusL &4 noted ￿ page l. are responsible
f(Y the mana8ement of the Fwndation There were no rd8tryl pty transactions.
15.
RttonriliatiDD of moverne•t in fundi to net from oper*ting activhlu
31J.N121
31.3.2020
ith¢omt I lexpenditurt ) • per tbt SOFA
Adjustments for".-
D¢preQ.ati￿ c￿8¢$
vidend& interest and rents from inve*rnents
(Gains) l Losses on inv¢thents
(in¢re&se) I d￿¢85C in debtors
Increase /(de￿e￿) in uedii(Ys
451853
131248)
(51,040)
(479.828)
(70,434)
46,989
58
Nei t￿h (uxd im) operntitig *divit*J
(77,9571
Pagell