THE KENDRICK FOUNDATION
CHARrfY REGISTRATION NO: 309072
THE KENDIUCK FOUNDATION
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Pa*1of14

THE KENDRICK FOUNDATION
CRIARITY REGISTRATION IYO: 309072
ANIYUAL REPORT AND FINANCIAL STATEMENfs FOR THE YEAR ENDED 31 MARCH 2022
CONTENTS
Page
of the Tnutee
Indep￿d￿l Examiner's
Stat•nent of Financ4al Activiti¢s
Balance Sheet
Cash Flow Statement
Notes ￿ the Financial Statemts¢s
Page 2of 14

THE KENDRICK FOUNDATION
CHARITY REGISTRATION NO: 3119072
TRUSTEE:
Mithad Page (Chairn}￿>
Marsha Carey- Elms
Claire Connell
Virginia Cullura
Allan Currall
Jean Wlic
1108er Garrick (Srt7¢Wy)
Jan Nowecki
Michael Wail
Kath Miller
PIUNCIPAL ADDRESS:
Kendrick Schcd. London Road. Readin& Berkshire. RGI 5BN
INDEPENDENT EXAMINEK.
Holy Brc*)k AS8￿￿ateS Curiws Ill FlcKff Pinnacle Buildin& Tud￿ Road, Readin
Berkshire. RGI INH
SECRETARY.
Ro8er Ggrrici Compony S¥rewy. Tr Kendri¢k Trust Ltd
BANKEILS:
Uiryth TSB. Morkd Ha¢¢ l Marke¢ Place. Readin& Berkshire, RGI 2EQ
SOLicfTORS:
Clarksle8al. One F¥Ybury squa￿ Th¢ Frybury. Readirt& Berkshi￿ RGI 3EB
INVESTMENT ADVISORS:
CCL& Swwor 85 Vic¢￿14 Str¢& London EC4V 4ET
3of 14

THE KENDRICK FOUNDATIO1¥
CHARITY REGISTRATION NO: 3091172
REPORT OF ThE TRUSTEE FOR ThE YEAR ENDED 31 MARCH 2022
Trnst Deed
The Kendrick F(Amdotiffl forni￿ by a S¢han¢ 4)proved by The Charity Commissioner$ f¢KEn￿Ortd ond
Wales dated 9 1998 u In¢￿IfIed by gJbg• ¢xder5 dated 23 January 2￿)2. 7 March 21K)3. 30 March
21KH artd 20th Dewnbu 2017.
The F￿ndati(￿l was regist¢rol with the Chority CthnMiMi￿eYS for En81gnd and w￿¢$ on 9 M8r¢h 1998 and
VM the r¢815tr*l￿ Dumbw 3W72.
Trn$te¢
The of the Kendrick F￿dation is the Kenthick TrusL a company limited by guarantee. The directors
of th¢ Kendrick Tru# durin8 the year under review wtr¢.'
Michad Pa8¢ Ichaimian)
Ro8¢r Garri¢k (Secretw)
Karen Bossom
Marsha Carey.Elms
Claire Connell
Virginia Cullura
Allan Currajl
J¢4n Elli(*t
Jon Now#ki
Mi¢hAel Wall
Keith Miller
The number of dire£t(YJ within the Kendrick TTUSt shall not be mcffe than I l and x) lon8 a5 there 5ha]I be less
than 2 directors none of the power ￿ discmions vested in the dire￿or$ shall be eXercI￿bIt except the
purNx¢ of appointin8 a new director cff alr￿lOr5.
Non¢ of the direoors n(*ryJ above receive remun4yation for the time Spent on the affAirs of the Foundation.
RogeT Garrick was reirnbursed £13 for exprnses incurred in filin8 the annual re￿rn f(Y the Kendrick Trust
with Companies H(wse No other (wt of pLKket w(pen5es were paid io. or in resm of. the dirKtors for the
year ended 31 March 2022.
Dire£tors are reuuited when requiroj from arn(ffl8 people with an in1￿est in Kendrick School. nimninations
may be sOu￿t fr(xn the Kendrick Parents. S(Kiety IKPSI or the Kendrick Old Girfs. Association (KOGA).
Induction and trainin8 is by means of infonnai meniorin8 by the chairnian and other trnstees.
The charity has no employtts.
Govern*nce
The directm mea as requir&l. generally once or tivice per ar￿Un￿ to receive report& to oversee and
recommend paYffl￿t (Igranw io review the Foundation's investsnent perf¢xmance in the light of appropriate
professional ad¥ice and io approve the Fc*Jnthi(ffi's annu￿ accounts and trnstee's repon. There are two
committees of dir￿tOrS. The Grants committee considers and deterniines applications for grants within the
charity's grani-makin8 wlicy and the Finance c￿￿MIttee regularly reviews invesunent perforn)ance with the
Investment Managers. Only very minor d￿lSiOnS are thken without reference to the directors.
Page I
4of 14

THE KENDRICK FOUNDATION
CHARrrY REGISTRATION NO: 309072
REPORT OF THE TRUSTEE FOR THE YEAR ENDED 31 MARCH 2022
Aim$ Ittd Obje¢iive¥
The aims and thj#iives of the Kendrick F￿ndatI￿ are to advance the thcatiort of the benefi¢iari4 namdy
the ￿p118 and fLYmer pupils of Kendrick Girfs. SchLX)] in Reading.
The clwity se¢ks to cany ¢JJt its djjeclives by".-
i) makin8 to the *h(M)i and to current and t#¢nt 5ttulents. The trust norniaily makes •v8ilable up ¢0
/0 of the previ(w year's unrestTiCted income for distribution in the cu￿ent year.
ii) rnainlaining the value of its assets for the benefit of future ￿eneratiOnS of Kendtick pupils artd. in
particular. to rebuild the capita] vaiue preVi￿$1Y represent￿ by the playin¥ field sold in 2004.
Review of *¢hievme#ts duriDg the year
I￿ring the year • dimwtion of £12.500 was m4de to Kendrick ￿(m)I towwds the costs of the refurbithment of
the swimming pool. 4 grants. I￿￿]ing £875. were made durin8 the year io current and fomier wpi15 towards
th¢ir travel ¢osts for WOi#¢$ in Costh Ri¢a artd J•pwK musical ¢du¢atiffi and gainin8 veterinary experience
IDveJtment Poliry P¢rform*nc¢ duriDi ib¢ year
CCLA were appointed the Fwndatson's investment Man￿er at the AGM in June 2015 They manoge the
Foundation's fund& cffl a discrdiorbary basi5. closely monitored by the tTUStee. During the year CCLA offered
Charities the optson of transferring their inve51ment5 in the CCLA Inv¢5¢m￿t Fund to th¢ CCLA Ethic
Invesunent Fund. The tn￿ee3 a8reed to accept thi's OtTer and the transfer to the CCLA Ethic4] Fund was
¢ompl¢ted Ort 2 July 2021
The inv¢siment polivj IS￿ xhieve4 reajonable rnte of retyrn in the ¢ont¢xt of an aLw)thble lev¢1 of risk. The
Value of the inve5tmeni portfdio increased durin8 the year by £284.434. in a year when the eci)nomy wa5 Still
affectal by Covid restriction.
The recoupmeni fund is required by the C.haTiry Commi55ion. to reciwp. ovw 60 years, the 2(KM donatiort of
£2.8m io Kendrick School for new sports facilities The original £51K).Im Set a5id¢ for this purp05¢ had 8rown
to £1,064.082. at 31. Marth 2022. £842.6W110311hl •bov¢ the tar8¢t of £821,391 n*Jed to reQ￿p the £2.8m
evenly over 00 yea
The value clthe rernainin8 pennaneni endowTrenL which Ffowdes the exwdable income. 1$ £1.410,227.
Public benefit
The Foundation has complied with the duty (sel (xrt in S￿li0n 4 of the Charities Ad 2011) lo have due
regard to public benefit guidance published by the Comrnis5ion. It exists to suppon the work of Kendrick
School by makin8 wants f(ff activiues coveroj by stand&rd fundin8 The Fwndation &ves annua] travel
anls to senior students to enc(xJra8e them to ￿lden their experience and b￿rne more rounded individuals
by contrib￿1￿8 to a different culwre and sharin8 their skills for the benefit of oth¢r5.
The Fwndation ydd land in 2¢X)4. to finance the ¢￿s￿U￿10n and fitting (xit of a Sports hail at the ￿001.
This faality is available to the 8eneral wblic in (wth-of-school h￿r4 at w¢ek¢nd$ artd in school holiday$.
Page 2
Sof 14

THE KENDRICK FOIINDATION
CFL4RITr' REGISTRA TION NO: 3111072
REPORT OF THE TRUSTEE FOR THE YEAR EYDED31 MARCH 2022
Id¢mtifir•iiom of M4ior R
The tru￿¢¢ c(widm the Vafiability of Investsne￿ rdurns on pumanent endowTnffii to conslltuie the
harity 5 m•j(Y risk The trus￿ ru￿￿d5 by thkin8 arvr(wri•* prdesSiC￿￿l advice and diwersifying i
in%.e$￿¢nts in with ￿ch &lhice.
Trnitoe'j Respothsbbilltid i# rdmiiott to tht f#Mthci#l ststeffjent$
L4w applic4bl¢ ￿ charities in En￿and and w￿¢$ i¢quires th¢ trustee to prepare financioi siatemenis for each
financi￿ yw which Bi¥e a trve and fair %i¢w d ihe ch•ritv's fin&noai atti4'5tie5 during the )ear and of its
VMNti(m * th¢ end <￿the ￿¢•[ In prtparing those financial siaiement& the mistee Is requirtsl to.
Seleo suitsble •¢¢wnbn8 pdioes and then aFyly them Consi*en￿y.
%lake judgemenis and estsma￿ are reasonknle 4nd prndeni:
S￿le wknher 4ppli¢4bl¢ x¢iMmiinB STandards and sthiemenis of Tecornmend¢d pracii¢e hai'e been
fdlowed subjta io ￿Y dewres discloxd and expliiDed in the financi￿ 5tstemenis. and
Prepare ihe financi￿ Aaiemenis ￿ iht gcin8 ¢(NK¢rn ba>$ unless li 1$ inwwiaie io pregjnie Ihai the
chthty will cthiimx in Im￿.ne$S.
10.
Restryes Poliry
Fdlowin¥ the Mle L￿￿1¥IndIY enthwed land and subsequeni dThwIi￿1 of £2 8m to the Kendrick Schwl and
in •¢￿￿danCe with a Chariues CoMmi￿10n (hderd4ttyl 3(P March ?O(M the trusiee iniiially in%.¢￿ed £51KJ.000
in o sepAratt rec￿&¥n¢￿t fithd ar#1 its policy 1$ ￿ increase ihe S.￿Ye of thi5 fun¢L incI￿J1n8 the Teinvesimeni of
income frcth 72 69• oftht units held, so ihai ii rexhe5 a i'alue rf £? 8m th¢r e4) yur$ The trusiee s p)lio in
rebp¢cI of the baluKe of the thmeni fund is lo pr(yJur¢ •n income that 1$ transferred io an unrevricied
fund (*Jt of which the 8r￿ts end other apendiNre of the Flwndation can be paid for ihe foreseeable
future The truAee S norn)al ￿l1¢Y fcf the unrestricted inc(xne fvnd is th￿ the &m￿JnI of ¥ranis made. in
accordance wilh th¢ F(xMdatI￿ s dyl￿1veS. shall n(A exceed ￿,. of the inc(me in the previws year .4nv
excess (If income ￿er brants m*de 8rtd admini5tro11(￿ COXS poid is fiThtrd to enthble the Troundation,
in ex¢epDthwt ¢1rvJms14nca lo Frovide yrjnis exce￿in￿ its norn￿1 p)licy.
12.
A¢¢ounts
The iNste¢ ￿r￿nn$ th41 th¢ 4¢cwnts comply with..
the wernin8 d￿ument
the ststemeni of recommeThJed W￿l1￿-A¢aM1n¢in9 Re￿in8 by Charities. ift 200$
The trI￿ee is resp￿Sible ftr keqKTh8 ¥LYwntin8 records which disclox with rea50n•ble a¢cura¢! at •ny time the
financiAI of ihe chaiiry. and tnfftble it 10 ffjgjre thal the finan¢1￿ stgiements cC￿PIY with the Chariiies .4ci
O I I li is ￿90 TesFKfflsible f(ff sAft¥uardinB Ihe assas of the Gh•riry and heLKt f(K thktn8 reasonable #eps for ibe
PTe%enlion and dete<t'
fraud ￿¢1 irre8ulwilÉes
.4PPro￿￿l b). the
2022 and Sign￿ ￿ lis beh￿f by".
ICHAEL P.4GE
Chaimw¢ of The Kendrick Tn
8of 14

THE KENDRICK FOUNDATION
CHA ￿ REGISTRATION NO: 309072
Ind•p•n(l•nt Ex•mh*ff• R•portt0 th• Trust•• ol Th• K¢nthl¢k Foundatlon
I r•port to th• trust￿￿ on my •x8nNn•titsn of th• •xourts cl ts K•ndri¢* Foundation forth• y•ar •nd•d 31 M#r¢h 2022
are s•1 QLrt on pages 5- 11.
Ro•p•ctlv• R•4ion•lblllll•* of l¥u*tots *nd •x•m5n•r
The charity truslees are rewrrible for the preparatK>n clthe aLr￿Jn￿. The tharity's trustees consider that an audit is not
r•guir•d for this yèar undar 144 01 th? Charl￿ A# 2011 It￿ Charit1•5 Act) and that an indépènd￿1 •xaminalion
is n••d•d.
It is my r•sptsnsibility to..
•x8min• th• xwnts utyJ•r 145 af t￿ Cl•rili•s A¢1
to lollow the prOc￿￿TeS larfl in Ihe gvnernl drtK)ns gNen th Chwity CMMniuion lund•r a•¢tp)n 145
15llbl of Ihe charrt￿ A(#. and
to state ther particJJlar mattern have c4)mfr to my attention
B••l• of Ind•p•nd•nt •x•mln•rf• •t•t•m•nt
My examinalion was wried ¢Jrt in ￿)rd￿ce wilh general Oire(*ions given by the Chanty C￿￿MISSion. An examinalion
indud•s a r•vi*w of th• oKtr￿n11rtg r•cords k•0 th•rty and a comparison of lh• •C¢OLtnls pr•s•nl•¢J wrth Ih¢s•
r•cords. It also indudes cwsthratton rf ary unusual iterfns or dtydosuros in the ￿cOunt3 and S￿￿1n9 eX￿ana110n$ from
the trustees conc4miThJ su¢* matters. The procekns undertaken do not pfovide all the evidence that would
requirtd in •n •udit, Ind ¢onsequentty no wnion ￿ gNen Is to vthethef thts accounts Prts￿nt a Iruts •nd fairt view and
tho report is lifflited lo mattern <yJt in tho Slatern￿ boltyAf.
Ind•p•nd•nt Exarnln•rf• •t•l•m
In conn•t*on wth ry ex￿n￿￿)n, no mth•rn h•v• ccm• to ry att•ntion gN•$ m• ￿u8• to b•ll•v• that
in *rry m•t•rial r•sfft'
the acc4Junkn'TrJ rnCOTds not k•pt in •XAJrdAn¢x V*ith ￿#•on 130 01 tho ch*nI￿ Act; or
th• accounlino i•cords w•r• not k•pt in xcordanc• s•ction 130 of th• Chanb'•s Act,. or
the accounts dKI nol accord wth Ihe accounting recorfs". or
the accounts nol compty th• applicab￿ rwirnments Cot￿mIng tho forn and contont of 4￿ntS set
out in th• Charrti•s (Aecounts and R•port81 R•oulatKins 2￿8 oth•r than any r8quirem8nt thal t￿ •ccounls
giva a Irue and fairt vthvwhKh is not a matt•r c￿s￿dered as part of an independenl examination
I have cm aLYOSS fK> Other matteryd in Con￿1￿ *ith the oxaminaiion to ￿lch attention should be drawn in this report
in ordef to •n•bl• a prnpw undwst8ndino of th• ac£oJnts to ￿ ro*￿￿d.
Rachel Eden
Chartered Instrtute of Manag•m•rt Aecountants
Hoty Bmok Assooates
Cuntyjs Lounge
111 Fl¢x*r Pin￿¥ Buildino
Tudor Road
R•adlng
RG1 1NH
2022-07-21
Pa8e 4
Pa*7of14

THE kTNDRICK FOUNDATION
CIIARrrY REGISTRATION NO: 309(172
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2022
Ullrestricttd Perm*nent
Tot*1
Tolal
Intome
Endowthent
Ye*r Ended YeAr Ended
Fund
Fund 31 M*r¢h 2022 31 March 21121
Noles
Income from:.
Bank and deposit intrre
vidend income
14
53.044
14
53,044
45
50.995
Tot41 incomin8 res￿jr¢eS
53.058
53,058
51.040
Expenditurt on:.
Cost of charitable activiti
Administr8ti(M Costs
13.375
468
13.375
468
76.000
2.015
13.843
13.843
78.015
Other RffogThiMd G•lni And L
G￿n￿(loSSeS1 on InVe￿ment assets-
Reaiised
Unrealis&l
284,434
284,434
479.828
Net Income I (Expendlturt
39.215
284.434
323,649
452.853
Fund balanc¢s at l April 21)21
13.633
2.789.875
1803.508
2.350,655
Fund Balanees at 31 MAr¢b 2022
52.848
3,1174J09
3,127.157
2.803,5118
Pa8e 5
Bof 14

THE KENDIUCK FObNDATIOL
CH.4RITI' REGISTRATIO￿ NO: 309072
BALANCE SHEET.4S AT 31 MARCH 21122
Noiej
31 M•r¢h 2022
31 ,M*reh 2021
Fiied Aststi
3.074.309
? 789.875
3.074.309
1.789 875
C.urre•l .4wts
Cash held bb. Inbe#meni Man•8%¥
Cash ai Ll(ryds bank
13.078
2.512
3.085
$3.221
Credltors: f•llini o•e ye*r
10
(J73)
11,9S7}
Net Curreot AIKts
2.848
13.633
Tot*1 A$411 Irjx C¥rrrni 14*bilili
3.127.141
2,803.$08
Repmtnled by:
Unresirided income fund
P£m)ar￿n1 eNlowrneot fund
4?.848
3.074.309
lJ.63.1
2.789.87S
3.127.157
2,803,508
Approved by t
2022 •nd SI￿¢￿ on its betr￿f by..
2J> IL
I￿￿ed) ￿lIcHAEL PAGE
Paye 6
9of 14

THE KENDIUCK FOUNDATION
CHARITY REGISTRATION NO: 309&72
CASH FIL)W STATEMENT FOR YEAR ENDED 31 MARCH 2022
F4ot¢
31 Marth 2022
31 M•r¢h 2021
Cajh gentrlted for Op¢r*ti•t A¢tivilies
Net cash (used in) Operatin8 Acti¥itie$
14
(15.427)
(77.957)
Cash flows from Inv¢sling Activities
Dividends, inieresi and rellts from invemments
14Jrchase of prop¢rty, & tyuipmeni
Net c*Jh provided im) invu¢in8 *elivi¢
53.058
51,040
51.040
C*sh flows from Fitt*nciNg Activities
Repayments of bo￿o￿￿ng
J¥et eAJh provlded (uxd ID) fin*ocin¥ aetivitl
Change om e*ih Athd wuivalents in the ye*r
CAJh It b*nk Ind b*nd al start of year
*1 b•nk in hand It end of yt*r
IS590
53.221
42.507
Pa8e 7
10 of 14

THE KENDRICK FOUNDATION
CBARrrY REGISTrATION NO: 3091172
NOTES TO THE FINANCIAL STATEMENIS
FOR THE YEAR ENDED 31 MARCH 2022
Acto￿ntIng Policies
The financial statements a￿ under the htSWical c05t convention wtth item$ rwised at cost
or transaction value unless otherwise ststed in the ￿￿•￿t n(rte5 to these ac¢ounls. The financial
statements have been prepared in accordance with the Ststemeni of Recommend￿ [tra￿l¢e .' Accounting
and Reporttn8 by ClJaTiues wep4rin8 thetr accojnts kn a¢¢ordan¢e ￿1th the Financi￿ Reporting Standard
applicable in the UK and Republic rflreland IFRS 1021 issued on 16 July 2014 and Financial Reportin8
Standard applicable in the Unit¢d Kingdixn and Rybli¢ of Irdand (FRS 102) and Charities Aci 2011.
The Kendri¢k F(Kmdatioft constittLt¢$ 4 wblic benefii ￿tity as defined by FRS 102 .
All invesirnents are st￿ed at mid-rnarket value ￿ the ba14nce sheet date. The rnovemertt in the Staiemeni
of Financi￿ Adivities comprises both r￿]sed and Unrealis￿ 8wns and10sses.
Bank interest is ac¢Lwnted for an I¢¢n￿lS basis.
Investsnent inme is accLwnied for whM received.
R￿0Very of deducted (ffl intvex weived is aCC￿nted when rKe4ved
Donaticffi$ are re¢ryiised and applied to the TnM Fund whm ￿e1ved.
Grants and donations are I￿r￿nied for when approved. Administritive exwidibjre is for on
an accnJo1$ ba9iS.
Liabilities we wised on ￿ a¢¢n￿lS hsis.
Perm*rteo1 ETrdowrnent
The peMan￿1 endowment fund relates to the vdue of the land and assets Origin￿]Y don4ied to the
Foundatiort The land wL8 disfftj of during the year 2(Mm￿S The Charity Commissioner5 direaed by
order on 30 March 2tNM th&t £sc￿.¢￿ of ihe pr￿C￿lS be irtvesityJ with the purpose of &c¢umulating a
fund of £2.8m over 60 years io re¢wp the CO￿ of donations to Kendrick School in resP¢Ct of a5S151ing in
¢on5trufflion of new SPLYts facilities. The balance of the pumanent endownent fund 1$ applied in
accordan¢¢ with the ¢AJjeas of the F(wnd8li￿.
Ineome F￿rtd {Unrestrlcted)
The Incom¢ Fund represents fund$ ty be used for the poymcnt of 8rant& donations and administrative
expenses of the F(Amdation.
Don*tlons Giftj
No don￿l0￿S wffe received durin8 the year.
Bank *nd DepoJi¢ Interest
Ye*r 10
31 M*r¢h 2022
Year to
31 Mar¢h 2(121
Rex¢ived by Unrestr1¢t￿{ Funds
14
45
Page 8
PaGE11of14

THE KENDRICK FOUNDATION
CHARITY REGISTrATION NO: 31)9072
NOTES TO THE FINACIAL STATEMENTS
FOR THE YEAR EJ¥DED 31 MARCH 2022
Ye*r to
31 M*reh 2022
YeAr ¢0
31 March 2021
CCLA
InN'estsnent Fund
Propffiy Fund
40.584
44.996
53.044
50.995
inveslment Income rttaved f(Y
urtre5trici￿ Fund$
53.044
50,995
Cost ofCh*ri¢ablt Activlties
t￿ring th¢ yew the rnade don*ion$ to KendTick Sch&Jl ￿£12.5(￿) fw the refuTbi5hment if
the swimming and made gran￿ to 4 Mudertls ￿allIng £873.
All charitabl¢ tsp¢ndIts￿e in 2022 and 2021 was from unrestricted fund$.
Adminbtrltion Costs
Yur i• JI Ma￿h 2022
locome Ftythd
EAdowment Fund
Year to
31.3.2021
Total
Independent Exarniner's rernuneNion
Sundry exp￿5
Data Prot¢dion office Fee
420
13
35
420
2.LYJ2
13
35
468
2.015
Adminisiriiion costs yle 31.3.2021
2.015
No remunerntion was paid to th¢ truste¢ durin8 the current wiod ff pr¢vi(w$ ye4rs.
Ther¢ w¢re no employees durin8 the year.
Page 12 of 14

THE KENDRICK FOUNDATION
CHARITY REGISTrATION NO: 3091172
NOTES TO THE FINANCIAL STATEMEYTS
FOR THE YEAR EIIDED 31 MARCH 2022
Investments It Market Val￿e
Ye*r to
31 M*rch 2022
Year to
31 M*rch 2021
CCLA- COIF Investment Fund
CCLA - COIF Property Fund
2.924.663
149.646
2.659.667
130.208
3,074.309
2.789.875
At 31 March 2022 the purchase cost of the investsnents held was as follows..
Cost of invethen
1.849.191
1.849.191
Market value of invesEments ￿ wi of year
2.789.875
2.310.047
Realisoj Bain$ l (losses)
Unrea]isod gains l {losses)
284.434
479.828
Markffl value of investtnents ￿ end of year
3.074,309
2.789.875
Assd All￿tic￿ of Invesunents held
Overseas Equities
UK Equities
Property
InfraStruc￿re & OpwatinB Asse
Contractual & Other Income
Privale Equity & Other
Fixed intere
63.8
i(x).o
ILKJ.O
10.
Creditorj: fallin8 due within one year
A¢¢n￿lS
373
.957
373
,957
Pag¢ 10
13 of 14

THE KENDRICK FOUNDATION
CHARITY REGISTRATION NO: 309072
NOTES TO THE FINANCIAL STATEMEN15
FOR THE YEAR £￿DED 31 MARCH 2022
An*lyiii of B#liAees
Pennlnent
Endowmeni
Fund
Tot*l
Fundi
Fund
Invesm)ents
Cash held by InVeS￿¢nI Man18
Cash at Lloyds bank
Crejjitors
3.079.309
3.079.309
50.136
3.085
(373)
50.136
3.085
(373)
52.848
3.074.309
3.127.157
The Pem4nWti Endownent Fund CL￿91$1$ of the fdlowin
Recojpment fund
Amwnt (Yiginally invested in 2W4
InC￿e and 8ain3 in years 2004- 2021
Unreaiised invesunent sain5 1 (losses) in yw 2022
5(X).O(K)
999.728
164.354
Rec(￿Pment Fund ￿ 31 March 2022
Balanc* of Endowmmt Fund at 31 Ma￿h 2022
1.664.082
.410.227
Totsl Pernwient Endowment Funds
3,074,309
12.
Post BAlance Sheet Events
There were no p05t balance sheet events
13.
RelAied P*rty T￿￿￿£110￿3 Uliith*te Controllin8 P*rty
The tru￿¢¢ of the Kendrick F(NJndatiiffi is the Kendrick TTUSL a Company in¢orporaigJ by Bu&ran￿.
(Comparty number 3517162) The direthm ofthe Kthdri¢k Tru$L as notgj on pa8e I, are re$pon$ible
for the management of the F￿Jnd￿]0n. There were Tbo rela1￿j party transa¢tion5.
14.
Reconciliation ofnet movement in funds to Trel cmh flow from oper*¢in8 *cliviti¢J
31J.2022
31.3.2021
Ntt infomt /{txptDdltU￿ l as per ibe 50FA
Adjustments foT:_
Depreciation char8es
Dividends. interest and rents frorn investhlents
{GaiTrs) l Losses on inVes￿ents
{In￿eaSe) I dwrease in debiors
Increase /{de￿eaSe) in creditus
323.649
452.853
153.058)
(284.4341
{51,040)
(479,828)
{1.584)
58
Net Cash in) operating activities
427
Pa8ell
14 of 14

## **Signature Certificate** 

Reference number: 3RZJ6-7SAOA-RWYP8-E8ZFX 

**Signer** 

**Timestamp** 

## **Signature** 

## **Rachel Eden** 

Email: rachel.eden@holybrook.com 

Sent: 21 Jul 2022 20:22:00 UTC Signed: 21 Jul 2022 20:22:00 UTC 

IP address: 80.3.208.136 Location: Reading, United Kingdom 

Document completed by all parties on: 21 Jul 2022 20:22:00 UTC 

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