COMMUNITY FOUNDATION FOR CALDERDALE A charity and company limited by guarantee. EXECUTIVE COMMITTEE REPORT AND FINANCIAL STATEMENTS forthe YEAR ENDED 30 JUNE 2024 {R8gistsred charty number 1002722) (Company registratlon numbor 2599428. England & Wales) cOMMU￿Ty FOUNDATION FOR CALDERDALE A charity and company lin)ited by guarnnts¢ Contents Life Vice President: Slr Ernest Hall OBE As we were finalising this report we learned with sadness of the death of Sir Ernest Hall. Emest was an enthusiasti¢ supporter of Communty Foundation for Calderdale providing accommodation at Dean Clough at the start of the Community Foundation's journey as a local independent grant maker. Ernest was a w811-loved and respected figure in Calderdale. He was always keenly interested in our work and active in his support both as our Life Vice President and in many other ways. His memory will continue to be honoured within the Community Foundation not onty by those of us who were privileged to know him but by all of our successors in the future. Trevor Wilson- James Maudslay It 18 with deep regret that we record the deaths of Community Foundation donor Trevor Wilson CBE and James (Jim) Maudsley. Trevor, close friend of Community Foundalion FourKler David Shutt. established an endowèd fund with the Community Foundation in 2013 and enjoyed playlno an active part in awarding grants to not for profit organi8atlons in the greater Elland area until a year before his passing. James was an enthusia8tic and wmmitled member of the Community Foundation's grants committee and on hls retirement regularly attended many of the Foundatlon'8 events. The Foundation and the Gommunities 8eTved by the Foundation are deeply indebted to both Trevor and Jam88, and they wlll be sadly missed. COMKqUNITY FOUNDATION FOR CALDERDALE A charlty and company Ilmited by guarantee Contents Page Referen￿ and admlnlstrative detalls Execut5ve Committee report Statement of the Executive Committee re8pon8ibilitie3 In respect of the preparation of the financial statements 17 Auditorfs report 18 Statement of financial actFvlties (incorporating Income & Expenditure) Balan￿ sheet 21 22 Statement of cash flows 23 Reconclliation of net income to net cash flow from operating actlvitSes Analysis of cash and txsh equivalents 23 23 Accounting policies 24 Notas to the financial Statements 26 Members list 51 COMMUNITY FOUNDATION FOR CALDERDALE A charity and company limited by guarantse erence and administrative details Registered company number 2599428 Reglstered charlty number 1002722 Pre8lderrt Mr Ed Anderson CBE HM Lord-LleLrtenant of West Yorkshire Vlce Pre8ld•nt Mr Roger HaNey ObE Llfe Vlce Pre8ld•nts Sir Ernest Hall QBE DL (Dled 03108124) Mrs Chrls Harrls DL hAr Blll Rooney OBE Lady Margarpt Shutt Mr Edward Wood Executlve Commlttee {Tru8toes) Organi8atlons with chart8ble objeGtlves ("voluntary s8dorf) Ms Alison Haskins Dr Roger Moore OBE e4ice Chalr) Ms Preet Sandhu Individual8, partnethips, companies or grant making chaiitable t￿StS fGQry)or8te sectorf) Mrs Heldl Bingham Mr Richard Blackbum Mr Andrew Hawley Mrs Brenda Hodgson Mr Nell Wryjht Mrs Zohrah Zancudl (Chair) Coyted Mr Nigel Cliffe Mr Sablr Hu88ain (appointed 16111123) Treasurnr Mr Derrick Palmer (resigned 26102124) Mr Simon Bottomley (appointed 04109r24) Company Se¢retsry Mr Nick Worsnop Reglstèred Offlce 9 Clare Road Halifax We8t Yorkshire HX12HX Investment Managers CCL4 Inveslmant Management Limited Senator House 85 Queen Vlctoria Street London Bankers Yorkshlre Bank eiirgln Money) 7 Watethous& Slr98t Halifax West York8hlre HX1 1XZ Audltors Brosnan8 Llmited Birkby House Balllff Brldge Brlghouse West Yorkshire HD64JJ Sollckors Chaowck Lawrence The Fire Station Dean Clough Mi116 Halifax HX3 SAX COMMUNITY FOUNDATtON FOR CALDERDALE A chaTity and company limited by guarantee Reference and administrative details Staff In post durlng the reportlng y￿r Mr Stsve Duncan DL Mrs Amanda Law80n Mr Rob Billson Mr8 Rachel Oate8 Mr Dean Bycrofl Mr8 Danni Bailey Mr6 Rachel Burnett Mrs Slobhan Collier MS Mlcholle Wade .Mr8 Liz Robert8 Chlef Executlve Officer Finance Manager Grant8 Manager Marketing Manager Marf(eting Officer Granls Officer & l.T. Adminislrator Granls Programme c[￿ordInatOr Finance Asslstant Administrator Ollke CO￿ordInat0r Contacl detail6'. Telephone: 01422 349700 Email.. Enqulrfe8@cffc.co.uk Website: www.cffc.co.uk Commlttee membors at Report date Finance Executive Commlttee Members: Cfropted Member8: Mr Richard Blackbum Mr Andrew Hawlay (Chair) Dr Roger Moore 08E Mr Carl He￿Ing Mr Jonny Stead Mr3 Carol Stevenson Marketlng and Development Executive Comrnittee Members: Co-opted Members: Mr Nigel Cliffe Ms Alison Haskln8 Mr Neil Wrlght {Ch8ir) Mrs Zohrah Zancudi Mr Sablr Hussain Mr Jon Crwther (resigned 1210712024) M8 Ifat Jhugroo Grants Commlttee Executive Commlttee Members: C¢>opted Mern bers." Mrs Heldi Bingham Mr8 Brenda Hodgson (Ch8lr) Ms Preet Sandhu Mrs Pat Akerman Mr Wm Batlst Mr Paul Gunningham Mr John Rob8rtshaw Ms Sian Rogers Mr Mike Smlth Ms OINia Swlngler COMMUNITY FOUNDATION FOR CALDERDALE charity and company limited by guarantee Executive Committee Re ort The Executlve CommNtee18 ple&8ed to present Its report together wlth the financlal statements for the end8d 30 June 2024. These finar￿la1 statements cover th8 8ntlr8 r8n99 of activities. STRUCTURE, GOVERNANCE AND MANAGEMENT Constitutlonal Bas18 Community Foundatlon for Calderdale { the FourKlation') 18 a registered Gharlty and a company Ilmlted by guarantee, whlch does not have a share (apltal. The Ilabi5ity of the members Is lIm￿ed to £1. The Foundatlon 16 govemed by its MemoRndum and Articles of A85oclatlon and manag&1 by the Executive Committee wh098 memb￿8 are diTector8 for the purpose8 of the Companlès Act 2006 8nd trustees for the purposes of the Charltie8 Act 2011. ExKuUvg Commltteo Th8 ￿MberS oflhe Exe¢Lrtlve Commlttee 8re appolnted wlihln the followlng categorles, and current members of the Executive Commlltee are 8hown on page 1: Group A Group B Organlsatlons wtth thartsble objthes (knluntary Sectoff) Indlviduals, partnershlps, ¢ompanles, or grant maklng Gharltable trusts ('cory)orate seclorf) Indlvlduals wlth relevant expertlse I'ctrowl Co4ted The Memorandum and Artlcles of A88oclation requlre Ihat the Executlve Commiitee Shall con8i8t of minimum number of seven and a ma¥lmum number of fourteen, wlth no more than three members from group A, six from group B and flve Co-opted mernL*￿. One third of the member8 from groups A and B and all the CO￿pted members shall retire from thè EXecUt￿ve Commlttee at each annual general meetlng. Mernbers of groups A and B can be r&eleoted provldlng they shall not serve for a period exceeding nlne years. Other memb8r8 are COvOPted by the Executive Committee al thelr fit3t meeting following the Annual G8neral Meetlng. The Executlve Committee [￿ts at least four times eath year and receiv88 r8POrt8 from the chaSr of each of th6 supportin9 cemmlttees and from approprlate staff. Thi5 commlttee carrfes out 8n annual assessment of its ￿nCtIOn and effectiver)e8s and annualty conBult8 wlth the stsff tpam to look together at how the Foundalon Is progressing in lina with th8 busine65 plan. The fOll¢￿Ing held office on the Executive Commlttee duArvJ the reportlng year., Mrs H Bingham Mr R Blackburn Mr N ClSffe M6 A Hasklns Mr A Hawley Mr S Hu89aln (appointed 16111r23) Mrs B Hodgson Dr R Moore OBE Mr N Wrighl Mrs Z ZanGudi M8 P Sandhu An Executive Commltt88 skills audlt Is Ca￿sed out on a rryular ba818 to ensure Ihe committee retain8 the necessary exper￿Se to govem the woth of the Foundatlon. Supportlng Committees The Exe￿tIVe Committee Is served ty three commlttees, FInan￿, Grants, and Marketlng and Developmen( each rnad8 up of a mixture of Execullve Committe8 member8 and CONOPted indlvlduals with r8lpvant 8xperti5e. In addition, four commlttees convene when necessary: Propety, Human R￿)UrCeS, Investment end Strategy, FlnanG8 The Flnance Cornmlttee meets at least five tlmeB each year to recommerKI pollcles and procedures relatlng to all financial matters 8nd tc monltor th8 financial FK)Stlion, This (x)mmitt88 also reviews and approv88 the budget and 8tatulory flnan¢lal Statements and monltors risk across the organisatton vla a Chlef Executive Officers quarterty report. The review and mttlgation of the identlfied risks are COMMUNITY FOUNDATION FOR CALDERDALE A charity and company limited by guarn Executive Committee Report carrlad out at each FIna￿la1 Quarter lo ensure that risks are Identlfied. managed and controlled. It receives reports from the Flnance Manager and portfollo Investmnt managers. No investments, other th￿ interest bearing bank deposlts, 8oclal loans. and property acqulsltlons, are made wit1K￿t the recommendauon of a stockbroker or other apFffoprlate kYofes8ional advisor approved by the Finan￿ Committee. Property Commlttee The Pmperty Commlttee rneets a8 ￿uIred to dlscu88 management186ues arising from properttes owned by the Foundation and where n8ce8sary considers further property acquisitions and disFosals. Inve8tment Corrrnittee The Inv88lment Committee meets as wulred to c%)nBld8r ￿tterS in relatw)n to the Foundation's ot financial Investr￿nts e.g.. investsn8nt manager revtew. Human Resources Committee The Human ReSou￿e9 Commlttee m88ts as requlred to revlew staffing issues, I￿lUd1Tbg the pay StrU￿Ure. and to table re¢ommendations to the Executive Commrtt88 ￿ the Finance Comrnlttee. Grants The Grants Commiilee meets quarterly. to look al strategic grant matters. Thls commlttee 59 up of repre8enlativg5 from the voluntary, prlvats. and statutory 88Qtor8 88 VKII as members of the Executrve Commltte•. The Grarrts Commlttee reGommends gr8nl pollcles ahd procedures, monitors grant evaluations and assesses the overall Impact of the grants strategy and h8stheflexiblllty lo respond to donoTr' wishes. The Foundatlon Grants Team ¢arry out an Inltlal eligibSlly assessment on all gRnt applications and the ellglble grants {from whichever fund) are assessed for approval vla a secure website platform by the Grants Commltte6 and then r￿lfIed by the Exeeutl¥e Committe8. Information for apptyiig for grants is widely drculated through the Foundatlon'8 local networks, the website {wNvw.cffc.co.uk) and vla Foundation events. Foundation grants rrode durfng tha ffiscal year are listed in the b&k of this report. Markotlny and Dov•lDpment The Marketing and Devek)pment Commlttee meets four a year to consider kn main strands of 8Ctivty: 1. Income generallng actmty Including the monitorfng and promot￿ of phllanlhropic and general fundrai8in9 ac￿ty, overseeing donor servKes, engagem8nt wilh professlonal advisors arKI identlfylng and securlng grants 8chem•s. 2. Msrketing and comrnunlcatior￿ includiNd the promotion of grants and Ihe ge￿ratiOn of case studies, the development and MaIntenan￿ of the webslte, social media acttvty 8nd hosting event& Stralegy Commlttee A Strategy Committee ￿ets 58 required to help drive the stralegk dlrection of the Foundation through the development and dlscusslon of Ideas for po&4ble recommerK18tion for adoptlon by the Executsve COM￿￿tte0. Cabinet The Cablrrf whkh Is made up of the Chair of Trust￿ and Vke Chair. Committee Chairs, the Treasurer and tt)e Company Secretary convened twlce during Ihe year and rernains on stand* to address important specific tasks at the requgst ol the Executive Commlttee Chalr or CEO. All member5 of the wmmlltees act in a voluntary capaclty. COMI￿uNITy FOUNDATION FOR CALDERDALE A Charity and company limited hy guarantse EKecutive Comlnittee Re ort Statement on Rl$k The Executlve Committee confirms that it has a88es8ed the rlsks that apply to the opeRtion of the Foundatlon, that these rlsks have been revlewed, and that Systems have been put in place to mltlgale them. The ExeCu￿ve Commtttee has adoptsd, as part of a formal rfsk assessment policy, a Risk A88eS8ment Tool whloh seeks to identify the elernent8 of risk across the Foundatlon. Forrrol monltorfng takes place through the approprfats comn*ttees. Respon$lbllttl88 of Staff and TruBtee6 The day-to4ay management of the Foundation Is kd by the CEO and the Senlor Management tèam wlth the de¢lsbns made at Itxal level. Decislon$ Involvlng trustees are at a hlg her level to support the long48rrn dlrection and running Df the Foundatlon. OWECTIVES AND ACTIVITIES ObJe¢ts of the FoundatSon Th8 Foundation, as a reg13tergd charity, wa8 e8tabllsh8d for the 8UPPOrt or promotion of any charitable purposes, the rellef of povety, the advancement of aducation {Includlng Iraining for employment or work), the advancement of religion or any other charltable purpose for th8 benefft of the communfty In the area of th8 Metropolitan Borough of Calderdale and Its Imrnedlat8 nelghbourhood and other charltable purposes In the Unlt8d Klngdom wlth 8 prgference for those which are in the opinion of the Executive Commlttee beneficial to the community in the area of beneflt. These principal objects, as 88t out in the Memorandurn and Ar￿CleS of Assoclatlon, are achtev through pollcles set by the Executlve Commlttee, and 8nacted by 8UPPOrtlng commlttees, managemen< and employees cf the Foundatkn. The Executlve Committee ha8 cornplied with lh6 duty in Bection 17(6) of the Charltles Act 2011 to have due regard to guldance published by the Charity C￿nMISSIon whbh Include8 pu￿1¢ benefit guldance. Endowment Fundrablftg The Foundation contlnuo8 to seek ways of attracting endowment donatbns through18gacies, m4or donations, and the transfar of moribund or donnant trusts. Membership The membership soheme Is designed to encourage new members lo partlclpate in nelworking events throughout the year as well as th8lr donations being awarded as grants to five specific them8s. Wlthln the tlrst year of new mombershlp, the Foundatlon will malch fund thelr donation to thelr chosen priority theme. Foundatlon members wlll r&dve bl-monlhly newsletterts gnd OpportunK￿8 to attend networking events, Voluntary sector mgmber6hlp remalns the same, paying an annual rnembershlp donation of £10. AII other mèmber8 are being encouraged tojoin as Friends of the Foundation for an annual donatlon of £120 (£10 per month) or the Foundatlon Club for an annual donatb)n of £8OQ (£50 per monlh). Furtdlng Streoms The Foundation $88ks to maximise the grant8 available from the rnanagement of Calderdale Metropolltan Borough Council {CMBC), ￿Vernment and othgr Ilow-through programrnes. In the current year, the Foundation managed several signlficant programrnes includlng Better Neighbouthood8, Calderdale Cost ¢f Living, Healthy Holldays, Support and th8 UKSPF Culiural Grants. The Folmdation managed the foll￿vIng CMBC slrategk flow-through programme8 - Advice arKJ Tackling Povety, Climate Emergency, Corrmunlty Small Grants and Stronger NeighbourhcK>ds. Other Foundation flow through funds Induded the Communlty Cares Fund, Communlty CPR Fund, Joan Easlwood Legacy, Mlxenden P8rent8 Rasource Centré, Ovenden Wind Farm, Pennlne Riding Club, The Make a DSfference Fund, and Todmorden Community Wtnd Farrn. COMMUNITY FOUNDATION FOR CALDERDALE A charity and company limited by guararttex Eyecutive Committee Re rt Events The FOunda￿n has used 8 mlxture of In-perS￿ and talored ￿lIne events to help ra18e Fts profile th all audiences, includlng potenllal donor8. Th88e Included several popular vlrtual events for profe8sional businesspeopte and In-person Me￿￿rshIp event8 t￿Id in dirrerent vanuas ar0￿d calde￿lare. The Found2tlon also 8t2ged tr¥VO success￿1 and wÈll-attended Calderdale Awards events at the Venue in Barklsland In October and Noverrt)er 2023 - the Calderdale Communlty Splrlt Awards and the Buslness for Cslderdale Awards. Donor Servl¢es The Foundation ￿)ntInl￿ to hamess the generoslty of It8 donors by provlding them wllh a detailed annual report and an excellent pgrsonal 88rvice to ensure that thelr glfts are used effectively and In accordance with their wi8he$, Grant Maklng The Foundation Grants Team and Grants Commlttee professK)nally manage and rTh)nftor the grant king process across a wkle range of restricted and unre8tr1cled funds and fundlng streams arKI uullses 8 generfc'user friendlf on-line appllcatlon fomi and 8et of guklelh)88. The Grants Str4legy 1$ revlewed annually by the Grants Commllee and the Executlve Commlttee. Mèmber of UKCF The F￿ndation is a member of the UKCF (UK Communty Foundatlons) no￿Ork whkh works together to deliver UK nallonwid8 funding as well as provkllng support lo each of the members as well as collaborating wlth shared CRM systems and quallty accreditatlon processes. AcHIEVEMEKf8AND PERFORMANCE Ravlow of Actlvllies The Foundation has continued to achieve its objecllves pTIn￿rilY through grant maklng, both from the Income derived from ts own end(￿ment funds and by providing the expertlse and Sntrastru¢ture to drow the distribution of extemal funds Irom public, GIHritable and other Sour￿8. The Executlve Cotrmlttee Is of the oplnlon that thr￿gh the aclivlties arKI achlevements set out in thls report it can be shown that the alms of the Charlty are carried oul for the publlc benefiL The developments In the year are num6rous and are descrlbed below under relevant headthgs. Further d6ta115 are availabl8 on the Foundation'8 webslte Iwww.cffc,co.uk). Organlsatlon Stru¢turo The Executlve Commthe Chair and CEO regularty revl8w the comwsition of the Execufve Conythe and supporting committees to flll the gaps In skS116 and knowledge left by retiring or rB8Jgnng trust88s and ￿mMIttee members. Derr￿k Palmer resignad a8 Treasur8r In February 2024 havlng served Ihree year8 on Ihe Execuove Cornmtttee. The Foundatlon Is Indebted to Derr￿k for his service and dedication as TreasU￿r and as a member of the Finance Committee, Propety Subgroup, and Inveslment Subgroup. The Executlve Committee approved the appointsnent of Slmon Bottomley as the Foundation's new I￿asurer on 4th September 2024. In addition to the time glven by thjstees and committee members, the FouMlatiw is gratefvl for the time and support given by volunteers who provi(led help wittb events during th8 year. Independent Quallty Ac¢rodttatlon The Foundatlon procedures remain accredlted by the Unlted Klngdom Community Foundalon8 (UKCF) Qualrty Accredttauon Scheff￿. The next assesS￿Ent round Is scheduled for the auturnn of 2024. (*ant Maklng The Foundatlon awarded grants toialling £2,768,467 (2023.. £3,096,004). Unrestricted fund8 acGounted for £263,194 (2023.. £184,730). COMNfUNITY FOUNDATION FOR CALDERDALE A Ch￿￿ty and company limited by guarant¢e Executive Committee Re A total of 497 (2023.. 4061 grant 8ppllcatlM8 were dSstrllxrted across all fund8. The number of grant awards made to Third Sector (voluntary and communlty 8ector) and other organisations was 486 (2023.. 391), Not all the grants awarded durfng the fiscal year wère pgid rjurlng the fiscal year, some awards are payable over two or three years. The value of grants awar(led to Calderdale Orpnlsa￿Qns and Indlvldu815 was £2,783,537 (2023.. £3,096,004). The Foundatlon has a rolllng programff£ of grant maklng under the speclfic terms of ea¢h fund and in ￿mplIanCe w￿h the Foundation's objectives. Award8 are made In accordance wlth ts Grants Polw and Grant Applicant's Charter (see website Mvw.cffc.¢o.uk), and wlthin the guldèllnes applled by the Grants Committee under the supe￿1310￿ of the Execuove Commlttee. Ongolng Grant Programmeg and Fund8 {8ee futher deta118 In Note 12 page 37): ABS - A Bettér Way Fund A donor advised 30th Annlversary Charty Fund. Every month, between May 2019 and April 2020 the ABS 19120 Fund made an award of £500 (match funded by the Foundation to a local charly. The ddlvèry of these 8wardB was latterfy affected by Covid. ABS 8nd the Foundatlon also agreed to match fund £5,000 (£10,OOD In total) to support ￿ of the local charities. Th8 Crlcket Asylum FoundatSon were awarded a £5,000 grant in August 2023. Calder Communlty Caros Fund This Donor Advised Fund was set up by Ixal charlty Calder Communlty Ca￿S to utilise proceeds from Bales of goods from their Hebden Bridge based charity 8hop, to support community prlorities In the Upper Calder Valley. Four gr8nts were awarded totalllng £2,500. Calderdale Acce88 Fund Calder Valley Club, a former 8eNice provlder for adults with dlsabllitleB, ceaÉ8d oper8tlng and sold a propety which reallsed over £200,000, donating thls amount to the Foundatlon to distrbbute to local organisallons who wished to Improve aLX&88iblllty In Some way, The f nal £6,301 was awarded to Vi8it8 U nllmited CIC to carry out ￿rther dlsablllty acce88 audlt (x)nsultatlon8 Véith Calderdale voluntary organisations. Calderdale College Educatlon Fund Thlg Fund Is managed by the Foundallon On behalf of Calderdale College. The Fund has Iwo dlstlnct strand5 - proJ&cts thal wlll Improve and make a real and sustainÉd diffgrence to th8 educ8tlonal attalnment of groups of students at Catrjerdale College and grants to Ind￿IduaL students who requlrg support with course fees or assoclated G06ts. Project grants are availab￿ to support educational development and well-being, bolh soclally and from an edu￿tIonal perspective, to support InI￿atiVeS Ihat help to address health matters and healthy Ilvlng or edulxtlonal attainment projects Induthng 1ifekJ￿1oarnIng. Bursaries are available to support Ind￿idual students wlth scholarship8, travel assistance, and educational materlals. The Fund dld not dl8trlbutÈ any grants during the year. The balance held18 £35,044. Cllmate Emeryency Fund This Fund was set up by CMBC partnership with the Foundation, to 8UPFQrt lorAI envlronmental projects across three prioritles - bulldings, transpor( and educatlon. CMBC and the Foundatlon are wcrking together long-tenn to ralse Ihe awaren688 of 'clSmate effKdrgency' and raise funds for the dlstrfbution of grant and loans to support cap￿1 and revenue projects in Calderdale. During the year five organisationts received a total of £31,4S6. COMMUNITY FOUNDATION FOR CALDERDALE A clwity and ci)mpally Ilmitsd by Euarantee Executive Committee Report Communltles kn Crfsls Fund UKCF This Fund is a comblnation of rnonie8 fiDm Ihe Brillgh Red Cross, M&G plc and the Departmant fDr Dlgltal, Culture. Media, and Sport (DCMS) secured through UKCF to help (tsmmunltle8 through the cost4Jf-Ilvlng crfsls. One grant was avMrde(I totalllng £3,000. Communlty CPR Fund Th18 Fund was establlshed by Deputy Lleutenant Neil Davklson in 2019 to support Installation of defibrillators In communities aGross Calderdale and refurbishing existing defibrillator8. Expenditurn was £14,187 in the finanGial year and £8,788 was raised in the ffinanual year. Cost of Llvlng Fund A CMBC and Wast Yorkshlr8 Mayor jolnl fund&J Inltlative to Support the mo8l vulnernblÉ And disadvantsged Calderdale families during the co8t-of41ving criBi8. Forty-fve grants were awarded totalliTrJ £523.135. Eam8haw Pllot Fund Thi8 Fund was estalJished in 2010 ty former FOundatIc￿ Trustse Russell Eamshaw to support Ihe awarding of 8mall loans to calerda￿ charitable organisations. One loan of £3.750 was made lo C81dgrdale Credlt Unlon durlng year and the Fund had a balance of £1.813. Hall T•nn Holldays Th1$ wogramme was set up to Gvtnpliment the rnaln Healthy HL4idays scheme and is JoEntly funded through CMBC and the Foundation. Its am18 to SUPFQrt chll(tren in re(*lpt of free schcol meals durlng sthool half terms wlth heathy activiti88 provtsk)n and healtty meals. TMElve grants were awarded totalllng £178,466. Healthy Holldtya £699.846 was awarded durlng the year by the Foundation to Iwenty nlne not for profft organi88tion8 In Calderdale to support chlldren and young people who are on free school meals during the school holklays, and for them to free holiday dub places as part Of the Healthy Holldays CalJerdale programme. The programme ￿ndIng provkled as part ol GovemThnYs Holisay Actlvlt168 and Food (HAF) prog￿mMe. The free places are furKled by the Depart[￿nt Education (DfE} providing enjoyable ￿tivItieS and nutrltious meals for pTirnary and 8ewndary schookaged Ghlldren eliglble for beneffits-related free school meats. Hou6ohold Support Fund The Departmentforwork and Pen8ion8 (DWP) funding w88 av&orded to the Foundation via CMBC to SUPFX)rt peokle in hardship through the Wnter wlth ft￿d need8 and energy bllls (includlng water) and the ass(￿[￿ted WKler eBsentialg &g., 8￿ltary products, wann clothing. boller repairs and general bllls support. Twenty-seven grants ￿Ere awardeil totalling £150,000. Individual Fund The Individual Fund is a deslgnated fund forwhl¢h ￿ndS are allocated from Income from a range of enduwmenl funds. Grants are made to individuals through referring agencles, to 8llevEte personal nogds. An amount of £17,000 wa5 transferred to 8UPPOrt the CQst￿f-L1vIng Fund. Joan E881wood Legacy Fund This legat¥ for t?￿ benefit of Brighouse oharitable organisations was set up in 20218nd came vla Chadwick Lawrence Sollcitors. The Foundatlon n￿blI[sed a group of Brighou8e representatives to form a local pan81 to de8ign a ￿hem& and dlstrlbute the funds. Nln& grants were awarded totalllng £39,073. COMMUNITY FOUNDATION FOR CALDERDALE A charity emd company limited by guarantee Executive Committee Report Local Care Dlrect The Foundation partnered wilh Lo￿1 Care Direct Io 8UPPOrt health and wallbèlng project8 wlth grants of up to £5,000 for volunlary and (x)mmunty organ18allons. Six grants were avrarded totalling £31,030. Mixenden Area Folbwing the closure of the Mlxenden Parents Resource Centre funding was mde available to support charitable activty in the general Mixenden area. Flve groups were awarded a totsl of £36,800 during thp year. Never Hungry Agaln Durfng the year the Foundatlon continued lo ralse monies via Localgiving.com and a range of fLmd5 to continue addressing the growing problem wlth scPool holiday hunger. A value of £1,30Q was transferred to support the Cost-of-LivirYJ Fund. Olivor 8mJthle8 Fund The widow and close family ot the late Oliver Smithies, Nobel Prtze Wnner In Physiok)gy, established the Oliver Smithies Fund with a glft of $100,000 (£76,400) to promote science In Calderdale schools, The CEO Steve Duncan 58 Y￿rkIng Wlth UK ba88d nephews of Oliver Smllhles to utilise the fu ndB and during the year no grants were awarded. The balance of the fLmd stands 8t £62.444. Ovendon Moor Communlty Wind Fami Fund A panel of representative8 from the area of benefit 8UPPQrt&l by the Foundation to award grants wlthln C8lderdale and Bradford. The panel met in Nov8mb8r 2023 and awarded £52,417 of grants to elevon org8nlsatbns in what was the slxth year of a 25-year programme, Pennine Riding Club Fund A f￿Mer ridlng olub In Todmorden fowarded the proceeds of the sale of land to the Foundatlon to Support Todmorden Charitlgs and community actlvlty.. Nlne grants were dlstrlbuted totallSng £32,424 in the year. Rastrlck 8lg Loeal IRBLI The Big Local programme is a national programme, funded Ihrough the Big Lottery Fund, that invests In local communltles that have often been overlooked by outside funders Over £1 m will be invested over a ten year period and the Concept is that local residents come together to use the funding that ha5 been allocated to their atea to make a subslantial and lasting positlve difference to thelr communities. As the Lccal Trusted Organisation (LTO) for RBL, the Foundatfon plays a key role in managing and overseeing 811 financrdl transactions Incurred by the project and has a seat on the committee; for this LTO role it recelves an annual 5% rnanagement fee. The Foundation also provides administrative support to RBL as and when required. The programme Is In the lenth year and during the financial year £37,685 was dlstributed to voluntary organigatlons in Rastrick. Support and Integratlon Fund The abns of the Fund, are to: Make welcome asylum seekers and reftjgees in C8lderdale. Fund 8 worker to support Integration, awareness raSsing and help settlement. Dlstribule communty grants to enable local voluntary, communlty, and faith sector groups to develop their 8kills and the support they provide asylum seeker8 and refugees. COMMUNITY FOUNDATION FOR CALDERDALE A charity and ￿rnpanY Ilmited by guarant Executn2e Committee Report Twelve grants totallng £55,274 were awarded duriNJ th8 year to ￿able localty based communlty and faith organisations to help build the Integratbn support they ￿ offer to refugees and new rnlgrants. The Hallfax Tradesmen's Bènevolont Inslltullon Fund Thls Fund véhlch was 8et up to 8UPPOrt local profe881onal people and thelr fami￿e8 who are in need, hardshlp. or dlstress. Th? f￿Thda￿On helped ten benefIcIar￿$ wlth quarterly pen61on Foyments of £225. Add￿nal bonuses of £50 each at Easter and £1 So each at Christma8 were made to the exisling benefiCi￿les. The Make a Dlfference Fund This DonorAdvlsed Fund was set up In 21r21 to support org8nlsatlons across Ihree prbrlty themes - hou8lnglhoffRle86ne88, oommunlty cohesion and dhThqte errtsrgency. The donor8 ar6 keen to collaborate wlth other Foundallon 6upporter8 to Jolnt fijnd oharltable activlty. Grants of £12,000 were awarded In totsl to three organlsatbns. The North Hallfax Soclal Activlti•s Fund Established in Decen*er 2021 th a d￿ation of £100,000 to support 8POrts ¢xganis8llon8 In the Illingworth and Ovenden areas of North Hallfax. Further donations of £50,000 and £36,000 were given to the FoundaOon lo support local organlsation8 engaged in promotlng healthy &fvltles, 8por( education, and training benefjttlng young people and families in North H811fax. Nine grants were awarded lotslling £43,644. Todmorden Communlty Wlnd Fann Fund Year eight of the Fund beneflted seven ccmmunty projects In the Todmorden area with grants totalllng £28,637. VAC (HPOC) Hame88lng the power of Communllles Voluntary & CorTThunity (VAC) wotks to d18tribute funds to reduce health Inequalityas and encourage a dlverso and sustalnable third sector In Calderdale. Six grants totalliNJ £50,OCrfJ wlth a £5,000 match from the Foundatlon'6 designated fund. Youth Bank Hallfax Set up in 20￿ to provide opportunities for a panel of young people from C8klerdala's Youth Coundl to choose ￿ndIng prloritles and to a88e8s and W•Yard grants io succe88ful applicants. No grants were gtvèn out wlthln the financlal ye8r. Youth Bank T¢xlmorden Set up in 2022 to provide opportunities for a panel of young people from the Todmordgn High &hool Youth CourKlI to choose funding prSorltles and to assess and awa￿1 grants to 8ppllcants. No grants were given out withln financlal year. New Grant Programmes and Funds Calderdale Y￿r of Culturo 2024 To celebrate Calderdale's Eoth annlversary 8 year-long programrne of creativlty and activity was launched on 131h April 2024 and as part of the celebrations the Foundotlon were invlted to man￿e the Calderdale Year of Cutture Fund 2024 (CYOC24). The Fund dlstributed £47,965 to twelve prciects to help celebrate Cakjerdale's rlch h18tory, amazlng landscapes, SncreOItrAe people. unforgettable characters, creativity. enlrepreneurBI¥p, and talenL 10 COMMUNITY FOITNDATION FOR CALDERDALE A charity and conipany lin]ited by 8iwantse Etec24tive Commitlee Report CMBC Advlee and Tackllng Poverty Thls CMBC Fund Is de8fgned to over￿Me barrlern faced by vulnerable people accessing advice and informatlon services to peop18 With hea]th issue8, people leading Ghaotio lives ar¥J people f￿ing18nguage barriers. Five grants totalling £34,575 were awarded during the year. CMBC Better NgighbourhDods (Communlty Grants for Climato Actlon) The aim of Ihis Fund 18 to bring people. investment, and funding together for the greatest imp&t by supporting Gommunty proposals for greener, cl8aner, and cllmate-ready nelghbouFhoods, whlch prlojltlse: Local. clean, and flexible energy solutions Healthy, affoKlable, and efflclent bulldings Walking, cycling. and public transport Green and climate ready nature solutions £140,000 awarded to four Calderdale (Yganlsations during the year. CMBC Communlty Small Grants The Foundation managed CM BC small grants programm8 to support local chartties and voluntary and community organisations with grants up to £3,000. Twenty-four grant awards wer8 ￿de durfng the year totslling £65,000, CMBC Stronger Nelghbourhoods The aim of thls Fund 18 to support constituted voluntary organ18atlons around CMBC'8 priorftl&g of - Thrfving Tcwns and Places, Redurjw Inequalities and Climate Actlon. SIX grant awards were made during the year totalling £43,380. Match Fundlng Actlvlty At the beglnnlng of the flnancl81 year reseN&s stood at £113,257 wlth £69,906 ￿[rO utillsed for match fvndlng wlthln the ftnancl81 year, and It supported the following funds: Hallfax Law Soclety Scholarshlps The scholarship Fund, which is an endoW￿j Fund, was established in November 2019 and 16 annually supporting Iwo new law students stLKlylng at Leeds Beckett University over a three-year Feriod. The orlginal donatlon from the Society was £103,000 and the capital value of the fund has grown to £134,764. The income from the invested funds is match funded by the Foundatlon e&h year. The match this year was £1,906. Half Temi Healthy Holldays This was Set up to compllment the maln Healthy Holidays scherne and Is jointly funded through CMBC and the Foundation. Its aim Is to support chlldren in rec8iPt of free school meals duting school half terms with healthy actlvities provision and heahhy mea15. The Foundation contributed £60,000 of match funding to ensure unintemipted half le￿ provisDn. UK Shared Prosperity Fund {UKSPF The UK Shared Prosperity Fund {UKSPF) alms to 4npr(we pride in plac£ and increase Ife chances across the UK under three inveslmenl priorities.. communities 8nd place,. supportlng local businesses", and people and skills. The Foundation contributed £5,000 of match ￿ndIng to ihe scheme. Sev8n organ18atlons re￿iVed grants In the year totalllng £49,998. The Foundation al80 gave £2,500 match to PrO￿te cultural grants this ftnanoial year and £500 to the Cost*of-Ltving Fund. 11 COMMUNJTY FOUNDATION FOR CALDERDALE A charity and company limited by guarantee Erecutive Committee Report The closlng balance of £43,351 Includes futuré yearfs cornmilments of £10,000 ag well as SUPPOrt to glve In 2025 for match new programmeg. 8mall and Hybrld Loans (Soft Loans) The Foundation continues to award 'soft loans, for suitable funding requests. Organisations wlll be considered for a loan at 0% interest or a part-grant part-lcgn l.e.. a 'hybrid loan., where the OTgani8ation: 1) has over six month's reserves., 2) is r4uesting support for a capital project., 3) Is generating an irWTr￿ from its activities. or 4) needs a slK7rt-term cash flow Injection Donor ServlGe8 The FoundatDn places ccmsiderable irnportan￿ on the communlcations it has wlth Its donors and th? professional ser¥ice gNen lo them. The Foundation W￿intainS excellent telationshlps wlth donors and ccxnmunicat*Jns have been maintained by telephone, through newsletters. the Foundation's printed annual review and comprehensive annual donor statements. Thr8 has alk)wed the Foundatlon to retain a good understandlng of our donor8, wlshe8 and ensure that grants are direct&1 to where Ihey are mosl needed In the community. Infom*tlon on pollcles 8nd procedur88 relatlng lo donor relations are avallable, by requesc from the Foundatlon's offices. FINANCIAL REWEW Statement of Flnanclal A¢llvttles There was an increase in total fund8 of£809,908 durlng 2023-24 as shNn urbd&r"N6t movement In funds. in the Statement of Flnanclal Actlvitiel on page 22. ThL% compares wlth a decrease of £241,970 In 2022-23. Endowment donatw)ns were £85 bwer Ihan 2022-23 and Iha Investment galn on the portfollo in the year was £819,523 (2023: £108,694). Investnwt Income was £532,046 {2023'. £557,187). Endo%￿n0nts Endowment fvnds recelved during the year amounted to £4.962 (2023.. £4047). Donatlons and Legacip8 No donations from IndivKluals were r￿1Ved durlng the year for unrestricted purposes (2023: £0), Further details of dDnatb)ns and legacies are Induded in Note 2 to the ac￿unts. Management Fees To enable 8 profes8K)rkal and cA)st-effectlve grnnt making service to the Third Sector In Calderdale, the Foundation has adoptsd a of Yul cost recovery, where possible when charging management fees. Reseyvets Policy In line with Charity C¢)mml$$lon guidan￿. Ihe Executive Commlttee reviews Its level of frae reserves on an annual basis18k1￿ Into aGcount investrnent income risk. commitment to new strategic fund- raising initiatives, future investment required by the organlsatlon and any potenljal unforestsn one-off evonts. At the end of the year free reserves stood at £296.000 whlch Included holding £22,000 for on90ing IT system8 upgr8de and relo¢atlon cost8 and £83,821 of unrealised gains on non-endowmenl Invesknents. An amount of £125.0¢￿was Includ￿ to cover runnlng costs as well a8 £65.000 to cover a forecasted budget deficlt in the year to June 2025. 12 COMMUNUTY FOUNDATION FOR CALDERDALE A cl]arity and company limited by guarantee Executive Committee Report Inve8tsnents The five-year review of Investment ManageT6 was carrlad out In March 2023 and CCLAwere thosen to repla￿ Ralhbone I nvestrr£nt M8n8gement. Over the 12-month period under revlew the iotal return was +11.20% for the Investment Fund and +12.59% for the Elhical Investment Fund (after and expenses). This compares with a return of 16.52% Dn the comparator benchmark, 10.99% from the ARC Charlty St8ady Growth Index (peer group compari￿)n) and 5.98% for CPl+4% The Fijnds are actlvely managed, and it 58 common fDr perf0m￿nc3 to be either above or bel(w that Df the oomparator benGhmark over any glven reporting period. It Is also common for there to be both posltlve and negatlve contrlbutlng factors to these dEfferences. Over the period under review (sirnilar to last yearl the prlnclpal negatlve contributor was the pefftirrnance of the Funds, equlty hoklings (company shares) relative to the equlty markel a5 a ￿Ole. There %%Ere no propety acquisitions or salo8 during the year. In January 2024, the whole property portfollo was externally valued (In line wlth the Foundation's pclicy), and tha currerbt financSal statements reflect these valuations, Additions to the property rKJrtfolio remain under review. The retums on rontsl irKome achieved the exF¢Cted levels. The Foundation continued to recefve the schethled repayments, t&3elher wtth agreed intere8t on the loans lo Cakler Vallgy Community Land TN8t and Womencentre Calderdale and KITklees. Investmonl Pollcy The Foundatlon's funds are managed in %cordance with the Foundation'8 investment policy: To recognise the long-t8rm of the Foundatlon's Inve8tm8nts To invest funds in accordan￿ wlth the Foundation's ethical investments policy. The Trustee8 have power8 to appolnt a Dlscretlonary Fund Manager and to use t￿1r wlde pthvers to Invest OLrtslde the portfollo In e4sh and property. The Perfor￿nCe of the Foundatlon's Investrrnnts 18 reviewed on a regular ba818 by th8 Flnance Committee. REWEW OF 2023124 The FOUndatic￿ success￿11Y moved offices wtthln Halllax wSth new IT provlder Brlghouse Computers ensuring a smooth transition from the old Off￿eS at Eurekal to the new offus on Clare Road closer to the town centre, The Foundation reviewed Its GDPR and social loan8 policies and procedures and strengthened its relalionship with CMBC, securing several strategK grants programme5, and commissioned Bramley's Estate Agents to value its prop&rly portfolio. Additionally, it has hosted numerous face-to- face and virtual evgnts to raise its profile and gain naw members and supporters. A 'n￿naged fund balances, document %fdS Int￿dUCed (Dr 8cNtiny at commlttee and board IBvel detailng the background and criterla for all flow through and endowed funds along wllh a balance for each fund. The funds with stubborn balar￿ are looked at by the CEO and strategies are developrnent lo utills6 the balances. Flnance Finance governancè arrangeff£nts saw a few dwnges with Chris Harris Stepping down as Chair of Finance and handing over to Andrew Hawiey, committee member Martin Mellor and Treasurer Derrlck Palmer both stepping down for personal r*80fk4. The Treasurer position has sinGe been filled ty Simon Bottomley. A forn￿1 prDp8rty commtttee wa8 formed durfng the year, to replace the ad hoc propety subgroup. to look al the propety leases, arrange valuatlons for all Ihe properties and as5e5S their condttion. 13 COMMUNITY FOUNDATION FOR CALDERDALE A charity and company limited by guaran Executive Committee Report th all thé inve8trnnt portfolk) havlng rywd to CCLA In the previc+US financlal year the 2023r2024 Ilnanclal yearwas a case of monllorlng the impact ol the declsbn to move the investments prevlousty managed by Rathbones over to CCLA. Grants Ihe Foundation's Grants Team managed s total of 92 funds and grant programm8. 48 flow through funds and programrms, and forty-four eDd￿d lunds. Fund8 from CMBC ￿COunted for£1,934,511 out ot a total of £2,768,467 grants awarded. The Cost￿-LlvIng Fund was one of the large8t grant programmes Managed by the Foundatlon durfng the year dlstrlbutlng £S23,135 to foty-flve ￿ganIsatIons. The fur￿ wa8 8lm8d at malntalnlng and expanding support for people and communllles under severe pressure because of the Increas￿1 st ol living, by distributing grants to crftlcal frontline sen11￿6 seeing Incre&sed demand and increased delivery costs. The Heallhy Holidays programme dl8trlbut8d grants totalllro £699,846, £759,835 in 2022123. The Foundation invested £6D,OQO of match fundlng, made up of free re8eNe8 unal10c￿ed returns from investrnents, Into the Half Temi Holldays programme in partn&r8hlp wlth CMBC. This funding was to support children in re￿Ipt of free school mea& during school half teffr￿ wtth healthy act￿ltie8 and healthy meals at holiday schernes In priorlty dlsadvantaged area8. Markgtlng & Developrnenl Th6 small marketlng and develowEnt team fft full Ilme people) pThlded all the 80cial Media w)d marf(etlNJ support to the Grants Team cre8tlng case 8tudles and promotlng the Impact of the Foundatlon's grant maklng and playlng a pfvotsl role in attra¢llNJ a slgnificanl number of new grant programme$, They also delivered an impressive nLwnber of events during the year Induding monthly MeMbe￿hIP event8 realising £20,116 of member8Np Income, bi-rrnnthly professlonal networking events, Tr￿)nthlY walkiro events in Summer and Autumn 2023 and Sprlng 2024, the Buslness for Cald•rdal8 A￿?rdS and Calde￿Iale Communlty SplrltAward8. Most of these events sold OLrt and were cost neutral thanks to sportsorship secured from local busine88e8. All member8hlp Income rec£lved is r&d1stril￿ted as grants to five themed funds 88 Indlcated In nole 12 to ￿Counts, The three-y&gr 2021 to 2024 Marketing & Development strategy was r￿leWed In the year. Tlie str8tegy was deslgned to incr&8e members, grow our pool of major donors, Inyrov& our reach with Ic¢al businesses and develop relationships wtth wofesslonal advlsers. Positive outcorne8 kncluded: Membershlp Income h89 grown frDm £13.517 ID over £20,116 betrueen 2021 and 2024. Ma￿r Donors.. The Foundatlon has thcted three major donors. The orgaTh8lng and deIr￿ry of the annual Busine88 for Calderdale Awards and trwelve mom￿rShiP 8v8nts during the year helped wlth the Foundatbn'6 busin￿9 eng8gemenl and contributed to the in(¥ea86 In membership numbers. An analysis of 2023 events highlight￿ a very busy events year, whlch Included bl-mnthty professlonal 8dvl8er events. These m08tly onllne events proved Popular but unfortunately (fidn't lead to any tangible leads. Are88 for further development: Implerne￿ strategies so the Foundation is less re15ant on Public Sector grant prOgr￿nme8, and their associated management f886, and being able to ￿ntrol much mre of the Infiow through events, networking and donor engagement. 14 COMMUNITY FOUNDATION FOR CALDERDALE A charity and coinpany lin)ited by guarantee Executive Committee Re FUTURE DEVELOPMEKr8 A strategy day and a follow up event Invo￿1n9 staff arKI trustees took plac8 durfn9 the 202312024 flnandal year and focused prfmarlly on the sustalnablllty of the Foundatlon through generatlon of new flow through funds and donallons to redu￿ the ￿lIance on Publlc Sector programrnes. Dlscusslons at the tsyo 8tr8tegy events durlng the ye& stlmulaled muGh dlscus8lon and a range of ideas. These Id8a8 C8n be dt8tlll&Y down io two areas: 1. Ensurfng the Foundatlon offèrB a broad rango of grants whlch are accesslble to al 8ectlons of thè community. Thls Includes the Introductlon of vEdeo applicatlons and techMlog108 such as artllclal intellSgence (ai) wlth So￿are such as ChatGPT' 2. The Foundation focu8e8 ts ffArk&tlng and developrrvanl activity, primarlly through soclal media and events, on growing Its pool of donors to attract Signifi￿nt donatlons and new Funds. Compared with previous years the f￿Uer￿Y of events wlll be much less, each e4ent wlll be focused on attractlng new ffÉmbers, supporters and donor8, The Foundatlon continues to m81nt21n grant gfvlng 88 well as sourclng new funding avenues to strengthen what cart be distrfbuted wtthln the communlty, overnance The Chair ofthe Executlve Committee and CEO continue to monltorlhe membership of the Execudve Committee and supportlng committee8 and re￿)mM￿n￿ appolntm8nts th8t fill gap8 in sk1115 and experience. Follo￿ng ggvemance prdctEce8 th? EX￿utiVe Comffittee have agreed to introduclng a Trustee Code of Conduct policy and have an eXpand￿j the Trustee Recruliment PollGy to indude coffffllttee m8mber8. The8e two pollcles wtll be presented to the Foundatlon's memb8rs at the AGM to be held on 12th December 2024. The policy ftsllows a proce99 to ensure that suitabty qualified IndEviduals are recruited to fill the cO￿￿t skills and diverslty of the committees. An Inductbn programme is followed to ensure that th6 individual is tralned accordingly to 811gn wlth Ihe objectives on the Foundation. Relevant trnining wlll be provlded to both tNstees and stsff depending on the natur8 of the acfiviti88 GoVe￿d. Publlc Bentllt The trustees have applied th8 guidance on public LEnefit issued by the Charity Commlsslon when p18nnlng the tharity's actlvltles and grant maklng. The tru8t8es are 88tisfied that the objects and projects undertaken provlde public benefit, focusing on provldlng grants whlch pmvlde demoTrstrable cormunity beneftL8. Volunteers The Foundatlon Is Indebted to the volunleers who have glven thelr support and time freety 0￿r the past Ilnanclal year. These inclu(led: Jenny Bowers of Purple Moon projecl managed a stepped leaflet ￿ Dur Watermark Fund. Victy Chatjwlck klndly helped in glvhg support to the admlnistratlon of our membershlp m8etlngs. Three addltlonal people gave their tirne wth preparation actlvities for Communlty 8plrlt Awards. Lis b88tyouhealth kin(Jly g8ve her tlmo for (y)mmunlty guidetl walk8 around Cald8rdalè In July to Septemkr 2023 and Aprll to June 2024. The88 walks wer? well received In the Community and many different people attended from the gen&r81 publlc, from other organisations as well as staff and trustees. 15 COMMUMTY FOUNDATION FOR CALDERDALE A ch&rAty and company limited by guarallt¢¢ Erecutive Committee Report A young volunteer, Trent Hanson Truong gave his time to work with tho marketlng departsnent on design and r88earch and admlnistrative tasks over a perlod of a year and hls contributlon n￿de a differentx to the work of the marketlng departsnent. A reduction to the audlt f* provlded by Brosnarts helps to keep the Foundation'8 runnlng costs d{y￿n $0 rmre supN)rt Gan be given for grant mklng. staff al60 gave their lime freely to help at events Such as membershSp networking events and the caId￿￿ale Communlty Spirlt Awards. In klnd support wa8 also glven ty SleFgh & Story AcKountants, The HaW￿Y Group and VAC for the pro bono UBe of meetlng rOO￿ts at varltyjs venues. All voluntary and in-kind ¢ontributlon8 are greaty appreclated to help the Foundalion achhve it8 8lm8 and objectlves. Slratsglc Ropresontallon The CEO remains a management commiltee member of Buslnests for Calderdale, A trustse of CALIPSO and the FC Hallfax Foundation. The CEO was appolnted 88 trust&8 of Newground Together in March 2rw, the charI8ble ann of Together Hou8ing, a 8trateglc appDlnknent to I￿ld a relalonshlp with a respected charfty who share m8ny of the Foundatlon's alms In creating sustalnablo. connocted. reslllen( healthy, and prosperous communlties. The CEO remalns a Patron of the York8hlre and Humber Youth Work Unlt, 8 fnernber of the Calderdale Voluntary Sector Chief Offi￿r8 For￿Tr and represents the Foundalton on the Affordable Warmth Forum and Ant￿P0Ve￿ Partnership. OrgaThisatlonaly the Foundath)n Is represented al lh8 Food Poverty Forum, VCS Assembly, the Healthy Holiday Steerlng Group, Calderdale Homelessness Forum, Rastrick Blg Local. YDrk8hlre FurKler6 and the Year of Cultufv Executlve Bcérd. The Found8tlon fs also Ilnked with. and r8oehe8 Inforn*tion from, Staylng Well. and the Calderdale Flood Programme Board. West Yorknhiro Lieutenancy The CEO holds the FQSitlon of Deputy Lleutenanl of West Yorkshre and 8ts as a Calderd81e representaove on the West Yort(shire Lleut&nancy Disirrt MeetlThg. 9 Clare Roaj Halifax HX12HX On behalf of the Executlve Commltte8 Mr6 Zohrah Zancudl Chalr 6 Dec*m￿r 2024 16 COMMUNITY FOUNDATION FOR CALDERDALE A charity and cornpany limited by guarantee Statement ofthe Executive Committee responsibilities in respect ofthe reparation ofthefinancial statements The Executive Commlttee {wFv)se rnmbers are the dlrectors of the Communty Foundatlon for Calderdale forthe purFK)ses of (x)mpany law) are re5ponslble for preparing the Executive Committee annual report and financial StateM￿ts In accordan￿ with applicable law and United Kingdom Accwnllng Standards {Unlted Kingdom Generally Ac(Epted ACC￿nting Practlce). Company18w requires the Executive Committee tD epare financial statements for each year whith g￿e a true and fair vi8w of the state of affairs of the FoundatK)n and the Income ex￿nd[LUre for that period. In preparlng th8 finanGial statements, the Executive Co￿1￿tee Is requir8d to., select suitable WA)untlng F￿￿eS a￿1 th8n apFly Ih8m ttJnsist8ntly; otseNe the meth(xls and princlples In Charilies SORP; make and estimates that are rea80nable arvj Frfudent state ￿ether applirable UK ac(x)unting standards have been folkyNed, subject to any material departures dlsdosed and explained in the fin8ncial statements: prepare the Ilnanclal 5taternents on the going concem basis unl&ss It Is Inapproprfate to presum8 that the Chaiity will cnntlnue in ￿siness. The EX￿Ul5Ve Commlttee Is responslble for keeplng PToper accountlng records that disclose wlth reasonable accuracy at any time the financial of the Charty and to enable it to ensure that the finanaal Stats￿*nts ￿MplY with the Companies Act 2006. It Is also responsible for safeguarding the assets of the Charty and h8nc8 lakin9 ￿asOnable 8teps for the evention and detedion of fr8ud 8rKI other irregularities. The EXe￿rtiVe Commlttee 1$ responsible for the maintenance and Integrity of the (y)rp(xate and financlal informati(Yi induded on the Foundatlon's website, LegIslatI￿ In the UnSted KIrvJdC￿ govemlng the preparation and dlsgemlnakn of financial statements wray differ from legislation In otherjurisd￿lIOns. Statsment ao to d18closure to our auditor8 In so far as each member of the Executive ComTrlttee18 aware at the tlme of approving its annual repKJrt: there Is no relevant Infor￿￿tion. b8Sng informatlon needed by the audltor in COnn￿tIon Imth eparfng thelr reF)Ort, of which the Foundation's audltor Is unaware, and the Execthe Committee Membe￿ have taken all the step that ought to have bBen tsken as a Iruslee. in order to be aware of any relevant 8udit Inforff£tlon and to estabush that the Charitab￿ cornpary's auditor is avrdre of that inforffEtlon. Thls report and statement have been prepared in accordan￿ with FRS 102. the Financial Reporling Standard applicAble in the UK and Republic of Ireland and folb)wing the trRst practTr as laid down in the statement of Recx)mmended Pract1￿ (SORP) applicAble lo chaities {OCto￿r 2019 version) and the Charities Act 2011. On behalf of Ihe Exe(wtive Committee Mrs Zohrah Zancudl Chair 6 December 2024 17 COMMUNITY FOUNDATION FOR CALDERDALE A charity and company limited by Independent Auditor's Report to the members of Commz4nity Foundationfor Calderdale Oplnlon have audrted the financial statements of Community Foundatton ts Calderdale (Ihe °charltabJe cornpan￿) for the year ended 30 June 2024 whtch comprise of the statement of finanGial aclivlties, the summary income and exFendrture aGGount, the balance she9( the 8tstem8nt of cash fiows and the notes to the financial ststements, including a summary of the sNJnifi¢ant aGGounting polictes. The flnancfal reporting framewotk that has been applied in th8lr preparatKn is applicable law and Unlted Klngdo untlng Standards, inoluding Financial Reporting Slandard 102: The Flnancial Reportlng Standard applicable in the UK and Republic of Ireland (Unlted Klngdom Generally A￿ePted Accountlng Practlce). In our opinion, the fin&nclal statements: Ive a true and fair view of the state of the charitable company's affair8 as at 3C June 2024 and of ts incnming resources and appllcatlon of reSoU￿S for the year then ended., have been propety pr&pared in aC￿rdan￿ with United Kingdom Generally Accepted Accounting Practice. and hw4e been prepared In 8cCOrdan￿ with the requirem8nts of the Companie8 Act 20C6. Basis for oplnlon We ￿ndUcted our audlt In accordance wlth Internat]onal Standards on Auditlng (UK) IISAS (UK)) and applicable law. Our responsibilities under those Standards are further d&scrlbed in the Auditor's iesponsibilitie5 for the audit of the financial Statements seclion of our report. We are independent of the chaiitable Gompany In accordance wlth the ethic81 raquirements that are relevant to audit of the financkl statements in the UK, including the FRC'S EthKal Standard, and we have fuifillad our other eU)Scal respon8ibilities in accordance wlth these requlreménts. We telleve that tha audtt evldenct we have obtalned Is sufficlent and appropriaie to provid6 a basls for our opinion. Concluslons relatlng to golng concern In auditlng the financlal ststements, we have conclud8d that the trustees, use of th? golng concern basEs of accounting In th8 w8psratlon of the financlal ststements Is approprlate. Based on the work we have performed, we have not identlfled any materfal uncert81nties r•lating tv events or conditions that, indlvldually or collectively, may cast slgnlficant doubt on the chgritable company's abllity to contlnue as a golng concern for a period of at lea81 mnths frorn when the financlal sktam8nts are author18ed for188Ue. Our resFrfmsibilitie8 and the re8pon81bllKles of the trustees with reSF¢Ct to going concem are de8cribed in the relevant secUons of thls report, otI￿r Infomialion The trustees are responsible for the other information. The other infomiation compriges the InfDmiatlon included in the annual report, other than the financial ststements and our audltorfs report ther￿n. Our opinlon on the financial statement8 does nol cover other Infom*tlon and, except to the extent otherwise explilitly stated In our TeporL we do not expre88 any fomi of a88urance conclusion thereon. In connectlon wtth our audlt of the financial statements, our responsibility Is to re8d the other Inlorrnation and, In dolng so, con8ld6r whether the other Infomialton Is materlalty inconsistent wlth the financlal staterr£nt8, or our knDwl8dg8 okAained in the audit OT r)therwise appears to t¢ materlally misstaied. If we Klentfy such material inconsistencles or apparent material misstalements, we are requlred to determine ¥%thether Ihere is a material misstatement In the financial Statements or a material mi55tatement of the other Informatlon. If, based on the work we have perforff*d, we conclude thal there is a material misstatement of this othar Informatron, we are required to rnport that faGL have nothing to report in this regard. 18 COMMUNITY FOUNDATION FOR CALDERDALE A charity atKI company limited by guarantee Independent Auditor s Report to Ihe members of Community Foundationfor Calderdale Opinions on other matt•r8 Prnscribed by tho Conyanle8 Act 2006 In our opinion, based on the work undertaken In the course of the audlt., tho infO￿natIon given In the Ex￿UtiVe C¢)mmltte8 report for the financlal year for whlch th8 finaTKxal ststements are prepared is con818tent w5th the financlal statements; and the Executive Commlll8e report h88 b8en Fyepared In accordance wlth appllcabl8 legal requirements. Mattor8 on whlch we aro requlr•d to report by exc•ptlo In thè Ilght of Ihe knowledge and underslanding of the charltable company and its envlronment obtained in th8 ￿urse of the audi( we have not identified materEal mi88tat8ments in the Executlve Committee's reporL We have nothlng to report in respect of tho follrming matt8r8 In relatlon to whth the Companies Acl 2008 requires us to report to you if, In our opin￿n. adequale aGGounting records have not been or retums adequate for our audil have nol been recelved from branctrtss not visiled by us; or the financial statemgnts are not in agreemeni with the ¥countlng records and retums; or certaln dlscbsures of trustees, reMUnera￿On sperified by law are not m8de' or we have not obtained all the Information and explanations n8Qg88ary for the purposes of our audlt. R•spons1blllt￿8 of the trU8teo8 As explained more fvlty In Ihe ststement of the Executlve Commlitee responslbilltles, the trustees (who sre also the dir￿torS of ConNnunity Foundation for Calderdale for the purposes of company law) are ponsible forthe prepar8tlon of the finanGlal stato￿nIS 8nd for belng satisfied that they give a true and fair view, and ft)r8uch Internal control as t￿Y determlne Is nece&8ary to enable the preparation of financ5al statements that are free from rnaierial mi88tatement, whether due to fraud or error. In weparlng the financlal statements, the memters of the trustees are responsible for assessing the charitable conpany's ablllty to contlnue as a going concern, dlscloslng, as applicable, matters related to golng concern and using the golng con￿rn basls of a¢ctsunting unless trustses elther Intend to liquidate the charltable company or to cease operatlons, (Y havo no reallstlc atternalfve but to do so. Auditor'8 rnsponslbllllles for the audlt of tho flnanclal statements Our objectlves are to obtain reasonable assurance about whether the finan¢ial ststement8 as a whole are f￿ from material misststem8nt, whether due to fraud or error, and to issue an auditor's report that inoludes our oplnlon. Reasonable assurance Fs a high I￿e1 of assurance but Is not a guarantee that an audlt conduded in aCco￿lanCe ISAS (UK) will always detect a ￿￿terial m￿Sta￿ment when it exists. Mlsstslements can ari88 from fraud or errorand are considered materi81 rf, indNidually or In the aggregate, t1￿Y could reasonably be expected to Inffiuen￿ the eoDnomlc decisions of u8er8 taken on Ihe basls of these flnancial statsmenls. l￿egularl￿eS, includkng fraud, are Instances of non￿mPl￿a￿e wltt) laws and regulations. We desb3n procedure8 In Ilne Wtth our responsibilities, outlined 8b)ve, to detect material mi88tateménts In respect of itregulartties, Includlng fraud. The extent to which our procedures are capable of detecting Irregularftles, Includlng fraud Is detalled below; In idenllylng 8nd a&sesslng rfsk8 of materfal misstatenEnt In respect of Srregularltles, Includlng tra￿1 and non-compllarrk wlth laws and regulations, we considered the following,. the nature of the Industry and sector, control envlronment and buslne88 performance,. results of our enqulrles of management about their own klontiflcation and assessment of the rlsks of Irregularikn'e8; the charitable company's documentation of th8ir pollGies and PTccedures relating lo Ident￿yIng, evaluating and complying with laws and regulatic￿8 and whelher they were aware of any Instances of nonpQ)mplianoe; the charitabl& company's pollcles and procedures for deteGtlng and wsponding to the risks of fraud and whelher they h8ve knowledge of any actU81, suspected or alleged fraud., 19 COMMUNITY FOUNDATION FOR CALDERDALE A charity and conipany limited by guarantee Jndependenl Auditor 's Report to the members of Community Foundationfor Calderdale the internal controls establlshed to mitlgate risks of fraud or non-compliance with laws and regulations. As a result of these procedures, we considered the opportunities and in￿ntiveS that may exist within the organisation for fraud. In common wilh all audits un(kr ISAS (UK). we are also required to perfom spe(afic procedures to respond to the rlsk of management oveTride. These included iesting the approprrateness of joumal entries and other adjustments,. a5sesslng whether the judgements made In making accounting estimates are indicative of a potential bias,. and evaluating the business rfitlonale of any stgnificant transactions that are unusud or outside the normal course of business. We obtsined an understanding of the legal and regulatory frameworks th8t the charlt8ble cc¥npany operates in, focusin9 on prov￿10n8 of those laws and regulation6 that had a direct effect on the determination of material amounts and disclosures in the financial statements. In addition, considered wovisions of other laws and regulatlons that do not have a direct effèct on the financial statements but compliance wrth which may be fundamental to the compary's ablllty to operate or to avoid a Material penalty. We also communicated Televant identified and regulations to all eng8gement team members and remalned 81ert to any indicatlons of fraud or nonthcompliance with laws and regulations Ihroughout Ihe audit. A further description of our responsibilities for the audit of the financial staiements is located on the Financial Reporting Council's website at: ww,frc.org.uklauditorsre5ponsibililies. This dfscription forms part of our auditorfs report. This report Is made solely to the charrtable company's members, as a body, In accordan￿ with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might State to the tharitable company's members those matters we are required to state to them in an auditors report and for no other purpose. To the fullest extent permitted by law, we do not ac￿pt or assume responsibility lo anyone other than the charitable company 8nd its members as a body, for our audit work, for thts report, or for the opinions we have fonned. Brosnans Llmlted "rkby House Bailiff Bridge Brighouse HD6 4JJ Laura R Braln FCA (Senlor 8tatutory Audltor) lor and on béhalf of Brosnans Limited Chartered Accountants Statutory Auditor 6 December 2024 20 COMMUNITY FOUNDATION FOR CALDERDALE A charity and coinpany limited by guardntee Statement offinancial activities (incorporating stah4tory income & penditure account) fvr the year ended 30 Jzme 2024 Note Unre8trktsd Re8trkted E￿(I￿rn￿t Funds Funds Fund5 2024 Yotal 2023 Tolal Income Donolion5 & legalxei Ch8rltable actlvlyes Invg6lm8r 104.631 2,3)3,233 218.874 483,678 4,962 2,412,B26 216,874 532,04fj 2,382,722 249,570 557,187 48,370 Total Income 8D5.181 2,351,603 4,962 3,181,746 3,189,47D ExpendI￿re R8[sI￿ f￿d6 Oth8r cos18 227.422 76.885 227,422 76.886 182,408 2,768,467 198.909 103.652 147,414 3,096.004 Charltable a￿l¥it185 182,4 263,194 2,505273 Grant¥ DislribLrted Total expenthtyre 749.909 2,505,273 3,255,182 3,545,879 Not galnBIIIoB8e81 on InYe8tment8 83.821 819.523 903.344 114A30 Not Incomel{expendltUTe) 139,093 {153￿70} 824,485 8Qg.908 (241.970> Trnngf•rn betbwen funds (136.1 138,108 Nèt movoment In fvnd6 2,987 (17,564) 824A85 809.908 P41,970> R•¢onclllatlon of fundB TotBI funds lThJaht fomprd 580.757 1,081,857 12.161.314 13,823.928 14,065,898 Total fund6 conl•d foThvard 583,744 1,064,293 12,595,799 14,633,836 13.823,928 The above aclivities relate to continuing operatl¢)ns wlthln the United Klngdom. There are no other recognised gains or losses Dther than stated above. The rx)tes on pages 2&51 fomi part of these financial stat￿nents. 21 COMMUNITY FOUNDATION FOR CALDERDALE A cjwity and oompany limited by guaTantee Balance sheet ILf al 30JuA¢ 2024 Note 2024 2023 Flxed Assets Tanglble assets Investments 13,063 14A67.814 14.370,677 5.456 13,432 957 13,438,413 Cuirènt A880ts Debtors Cash at bank arKI in hand 136.518 173,978 378 044 552,022 468.767 CrBditors: falling due wtthln one year 10 166 507 N•t current assots 263.159 385.515 Not a880ts 14,633,836 13,823,¥28 Thfj funds of the charlty: Capital funds: EndLwment fund8 Income fund& Restricted UnrestTiCted 11 12,985,799 12,161.314 12 12 ,064.293 583 744 1,648,037 1,081,857 580,757 1,662,614 Total charfty funds 14,833,836 13,823,928 Th8 financ£1 statgtThnts were apwoved by the Ex8(xrtive Commltsee and authorised for issue on 6 ne￿mber 2024 and slgned on Its behalf ty: Zohrah Zancudl Chair of Executlve Cornmittee Andrew Hawley Chatr of Finance Committee COMMUNITY FOUNDATION FOR CALDERDALE A charity and company limited by guarantee Statement ofcashflows, Reconciliation ofnet income to ne¢ cashflowfrom operating aclivitiu, andAnalysis ofcash and cayh equivalents ar ended 30 Jwie 2024 Statement of ca8h flow8 2024 2023 Cash flows from operallng actmtles: Net cash in operétkng actlvlll88 1518,7031 {1,002,822) Cash flows from Inv•8tlng acllviligs: DivhJend8. Snterest and rents from investments Investment m￿lagement costs Purchase ot equlpment Proceeds from the 8ale of Inve8tments Purchase of Invesbments Investment loans Issued Investment loans Inlere8t Investment loan repaymgnts Net caBh (ullll6•dyprovId￿ by Investlng actlvltle8 S32.(I46 (64048) 112.331) 557,187 (23,813) (3,639) 795,786 (802,398> (6,832 {6,991) Cash IIow8 from flnanclng acthttks: Recelpt of eTrJOw￿￿nt Change In cash and ca8h equlvalents In tho year (44,796) (470,732) Cash and ca8h equfvalgnts at 1 July 2023 378044 848,776 Ca6h and ¢a$h ¢qulvalonts at 30 June 2024 Reconciliatlon of net income to net cash flow from oporatlng actlvltle8 2023 Not Income for the year (as por the statement of financlal actlvkies} 809,909 (241,970) Adjustments for: Depreciatlon chargès Lossesl{gains) on Investrnents Divldends. interest and rents fr(￿n investment8 InVestn￿t management costs Re￿Ipl of endowment Decreasel(Increase) in debtijrs (Decrea8eylncr8a8e In creditor3 Nèt Cash u8ed In Opemtlng act5vltie8 4.725 (903.344) (532,046) 29055 (4P62) 38A60 2,637 (114,430) (557,187) 69,099 (5,047) (141,244) 518 703 1002 822 Analysis of cash and Gash equlvalents 2024 2023 Cash at bank and in hand Total cash and cash oqulvalents 333349 23 COMMUNITY FOUNDATION FOR CALDERDALE A clwity and company limited by guarantee Accountingpolicies The followlng accL)unting poficies have been used con8lstenty in deallng wlth Items whtch are consldered rrfjterial in relation to the financial stat8ments. 19) Bas18 of proparatlon of account8 Communlty FoundatFon for Cald6rdale ￿ 8 eompany limlted by guarant￿ and regk8tered with Charity Commission In England & Wales. The reglslered addr&83 FS: 9 Clara Road, Halifax, West Yorkshire, HX12H The financial statements have been prepared in accordance with AoGounting and Rep￿ing by Chariti Slatement of Recommended praCt￿e a[pl￿ble lo charities preparing their accounts In acconyance ￿￿th Ihe Financ4al Reporbng Standard appliGablp in the UK and RepublEc of Irekqnd {FRS 102), Charities SORP (FRS 102) and (he Companies Act 2006. The fmanclal slatements are prepared tn Sterlrjg, ￿lch 15 the funclK>nal currency of the Charity. Monetary nourt8 h the8e flnanclal staternents are rounded to Ihe nearest £. Cclnmunlty Foundauon for Calderdale meets the definilion of a publlc benefit entity under FRS 102. Assels and liabilities are Initially reLx)9ni¥ed at historical cost or transaclion value unle8s otherwise stated Irb Ihe relevant accryjnting polty notes. The Executive Commilteg ¢onslder6 that, In view of the (wtrent balan￿ Sheet and antlclpated future cash tlow8. the FourKlation18 a goiry concwn. (b) Fund a¢¢ountlng Unrestrthd fvnds are avallabla for u8e at dl8Gretion of the Execulve Committe8 In Ihe furthwanr* of the general objedives of the Foundat1¢￿. UnreStr￿ted funds Include 8 fevaluatlon representEng the reststement of endowment fund Investments at markot value. Designated fund8 Are unre8trtcted funds earmarked ty the Exac￿tIve cornM￿tee for parb'cuLar purp)e•s. Restrl¢ted funds arB 8ubj8Qted to restrldons on I￿1r exrEndlture imposed by the donor or through the leThns ofan ap￿1, Ic) Incom& All Income Is InGluded in the 8tat8ment ol financial activitses when the Foundatbn Is entlued to and ount can be quantlned wllh re&%¥Hble accuracy. The folk>whg 8peclfie FX)Ilcle8 *e appifed to (*gorEs of income.. Voluntary Income Income received by way of grants, donations gifts Is included in fvll n the Statement of Financial Actlvllles when rÉ¢ewable. Grants, wheie entluemnt is not conditDnal on the delivery of a sp￿1 performance by the Founcjation, are recognised when the Foundatlon becomes uncondrlionally entllled to grant. Donated servlce8 and facllltles These are includad at th8 valu8 to the Found8tiDn where thi8 can be quantified. The value of servl provi¢Jed ty vclunteer8 ha6 not ￿en I￿lL*jed In these accounlB. Afjanagemont and member8hip fo08 there Thnagement and memtRrshlp fees are in resped of a perlixl falling Nltholly or partty after the perbd end, the proportion falling after the period Is carrfed fr)rward a8 deferred In(*Jme, on the ground8 that the Fourxlation has an obligation to provide a service after the balance sheet date. Property income Rental Income from propertles 18 acwunteql for on an a¢¢n￿l'S basi8. 24 COMMUNITY FOL￿DATIoN FOR CALDERDALE A charity and company limited by 8uarantee Accounting licies Inv061mont Incom¢ and Interest recelvable Incom8 from Ilsted Inv88tment8 ts ac£ouMed tr on a receipts basb. Intern81 on cash deposlts Is accounted for on an accruals basls. (d) EXpendI￿r* Expendilure Is rectr3nlsed on an ￿CrUal8 bas15 as a liabifity Is Incurr¥J. ExpeTrji￿re knGludeG any VAT whlch Is Irrecoverdble arKI Is rep)rted a8 part of the expendlture to wh￿h it relates: All costs are alkicated ￿e￿￿n the eXFeTh￿ltUr8 fAtegorfes of Ihe Slatsment of Flnanclal Athltles on a ba818 desijned lo refieclthe u88 oflhe ￿SoUrCe. Costs rElaling to a partlcular aclivlty are allocatsd di•. other8 are apportioned on an appropriate ba61s as set out In Note 4. Charitable eyncthture coryri8e8 th08e costs I￿L￿red by the F￿ndalOn In Ihe dellvery of Its activtti88 and Setv1￿ for Its benefdarle& It Includes both costs that can be all(Kated dlr• to such a¢tlvltÈs and those costs of an Inthrect nattjre n￿ssary to support them. Govemanc8 costs include those cth assc¢Hted wlth meeliThJ the (x)n81ltu￿onal and statut requirements of the Foundation and Includ8 the a￿￿￿t fe88 and costs linked to the strategic management of the Foundatk)n. D8fined contrlbutkJn pen￿On plans are operatsd for ernployees. Contributlons atE chargod against income as they become payable and are included h staff Gosts. (e) Flxed as$8t8 Fixed 88Sets (￿lUdIng investments) are stat8d at cost less accumuLgled dgpreclalK)n. All (x)mputer equip￿nt Is capitalised, minor a(klftlons belthv £1,000 are not capitallsed. Depredatlon is provlded at rates cahxlatsd to wrlte off the cost of each ass￿ over Its expected useful life. whld) In all cases is eslmated athree years. (fj Taxatlon The Foundatlon, by belng 8 reglstered charity, Is not1Sable to UK Income W Corporation lax and capltal gan8 tax provSdad the 1￿me It receives is applied ts charitable purF))ses. (g) Inv8Stm¢nt8 EndNment fund investrnents are stated at wfafftet value al the year end. Unreallsed galns and kisses on Imi¢stments are Included within the Slatement of Fina￿la1 Athilies and repr88ent th8 increase or decre88e In market value corrpared with the market V81u6 at the beglnnlng of the yèar and the co81 of addlllons durlng the year. Investsnent pft>Per￿ - land and 1￿ik11ngs Invesljnent prop8rtie8 ve measured wiitially al cost and subsequentjy at falr value at the reportSng dat•. The SORP th)es not permft charliks usng FRS 102 to subsequently measur¢ Investment pror*rties al thek cost less accumulat&J depreciotion aTra any actumulated impaiwment bsses. Depreciation 18 not providod on investm￿1 property. Ary unrealised galn or k)8s duriTr3 the period Is transferred to endwmenl fvnd& Valu8tlons of investMt properties are Ixtrfed out on a rolling basis over a fv&year perlod, 8ubi8ca to the rM)$61bllty of any maierial n￿ernents bet￿en INllvldual valuations in which case the woperty %Youkl be reVaI￿d. Llstèj Investments slated at rnrket va￿e at the year end. (h) Operatlng lease agreements Rentals applicAble to operating lea8es where substanllally all ofthe beneffts and risks of ownerdhlp reff£in with Ihe lessor are charged agalnst Sncome on a straighl-lne basls over the pariod of the lease. 25 COMMUNITY FOUNDATION FOR CALDERDALE A cbarity and Lxjmpany limited by guarnntee Notes to thefinancial statements q. ststgment of Ilnanclal actlvltle8 for th8 year end¢d 30 June 2023 (previou8 year for omparntlves) Unre8trlcted Funds Restrlcted End0wm￿t Funds Funds 2023 Total I￿orne DonatM>n8 & lell Charltablg a¢￿1 Invthn8nts 81.375 249,570 2.296,300 6.047 2.382.722 249,570 S87,187 Tolal Incomo 834,290 2,3JO,142 5,047 3,189,479 ExpendI￿re R8185NJ fur￿8 Other 198,9)9 71,432 147,414 184,730 19B,909 103,552 147,414 3,090.CrfM 32,120 Charitable act￿l¢le5 Grants DIStrib￿ed 2,911274 Total ￿Pen￿ture 8￿485 2.911274 32,120 3,545.879 Net galng on Inv88trients 5.736 1[￿,694 114,430 Net Incomol Iwiondlturè) 237.541 1.132) 81.621 (241,970) TranBfer• bet**n funds (196.083) 19e.oe3 Net Mov0m￿ In fund 41 A68 (365.049) 81,821 (241,970) Re¢on¢llialim of funds: Total fund8 brought fon¥ard Total fuiKlo Carrled fornard 539,299 1,446,9 12,079,893 14,085,898 580.757 1,081,857 12,181.314 13,823,Y28 COMMUNITY FOUNDATION FOR CALDERDALE A chwity company limitsd by guarantee Noles to thefinancial statements 2. Income from donations) legacle3 and charllable actlvrtles 2024 2023 Unrestricted: Mernbership Managemenl fees Income for adminlslratlon (donatlons & fundlng) Grants and donations for redistribution Total Unrestricted Income 20,116 216,874 65,966 18,tsS0 321,505 21,011 249.570 55.902 4,462 330,946 estrict Grants and donallons fcrf redlstributlon Total Restricled Inoome 2A03,233 2A03233 2,296.300 2,296,300 owm nt Funds: Donations and legacl88 Total Endowment Funds Income 4,962 4,962 5,047 5,047 Totsl Income ftY)m donatlons, legac18s, and charltable actlvltles 2,629,700 2,632,292 Donatv)ns r8Gelved In kind are valued on a commerdal basis and have been included as unmtrthd Income: 2024 2023 Audit lees (Brosnans LlmYLed) 3,240 3,240 3340 2.1 Funds from Pwbllc bDdlg8 Funds from publlc bodies were glven for distrlbution to Calderdale tharll188 for grant rna￿ng puws. The8e are shown below with the d6tsils provkled In note 12 ncome fund8: ale Metro Itan Advlce & Tacking Poverty Better Neighbourhcme FurKls Re￿1ved from Loan Repayments Investment (108se8)Ig81ns net of fees Investment managgment costs Market Value at 30 June 2024 11,634161 4,962 11,558,806 802,398 f195,786) 16A52 4,079 1,025,344 114,430 45 287 11634 561 In￿$&￿ent Properties Market value 8t 1 Juty 2023 Investment losses (pTopety revalu8tK)n) Market Value at 30 June 2024 1,407,000 122 000 12B5 000 1,407,000 Conc8s&onary Loans Market value at 1 Juty 2023 New loans granted Interest received Repayments Markei Valuo at 30 June 2024 391.396 395,318 6,832 6,991 10,911 391396 Invo¥tmont propertles The FOUnda￿On'S properties were valued professionally In January 2024 as part of a five yearly revSew and the values vffjre reduced by £122,000. 2024 2023 Listèd Investments comp•tse.' CCLA Charities Ethlcal Investmgnt Fund CCLA Charities Common Inve8lment Funds (COIF) Cash and other inv8stm8nts (CCLA) 9808.046 1,975N38 1,501115 9,432,341 1,826,421 375 799 11634561 Investment 8ssets held foT the long term, principally endowment investment assels, and those to be held for ovei 12 months are disdosed as Fixed Asset Investrnents. Invesknents are all managed by CCLA Invesljnent Management Lirnited (CCLA) and form part of a svJnificantly larger portfolio of approx. £3 billion. Fees are charged internally to Ihe Fund. The fLEII cost of Management fees and Ongoi￿ charges is 0.8￿￿ (COIF) and 0.89% (Ethical) The Pssel a￿atIOn of the Ethical inveBtment fund is 72.09% equities, 8.29% fixed interest, 9.55% infrastruGture. 4.43% property with the remaining balarKe 8 mbc of prtvate equity, ¢8sh and other. Concessionary loans An Interesi free secured k)an of f200,000 was rrode in October 2003 to the Actors. Vvorkshop Youth Theatre (Aw￿ from the proceeds of the Sale of the former AWYT premises (owned by the Foundation on the terms of the Unlted Bi5CUitslMGVlties Calderdale Trust) to enable Avrfft io purch&86 and develop new premise& The rrent prernises are now held by Awyf on trust for the FoL￿dat￿n as uRimate benefiaary and for Itself. In accordance with the or&inal wishes of the United Biscuitslmcvities Calderdale Trust. The loan is secured by a first legal charge on th8 bulldlrg. The lyJlldirvJ was profession81ty val￿d In September 2013 at £275.000 and at January 2Q4 at £375,000. Loan facilities have been made to the Womencentra Calderdale & Klrkl888, as fundir¥J for thelr HO￿ng ProjecL Loans drawn down were secured on three propertte8 In IheSr pcytfollo. One drawdown was made 31 COMMUNITY FOUNDATION FOR CALDERDALE A charity and company limitsd by guarnntee Notes to thefinancial statements totalling £82,000 in FebNary 2020 secured on FKopeth8 a￿1 a final insialmBnt of £65,IM on ona property In May2021. A loan of £50.000 In March 2021 Yras secured on 8 propty to Caldervalley Communlty land Tru8t repayable up to 20 year8 on ¢ommerGial term& 9. Debtors 2024 2023 Cxher debt(xs, prepayments and accrued Inci)m8 136 618 173 978 10. Credftors: amounts falllng du• wllhln ono year 2024 2023 Trade creditors HM Revenue & Custom8 Grants payable Accruals Deferred Incom& Managemerrt fees Rent r*elved in advan 22,962 26,056 38137 43A20 24,515 25,338 7,912 26,075 87.667 15,C 166,507 15,000 205,606 COMMUNITY FOUNDATION FOR CALDERDALE A Ch￿lty and company limited by guarnntee Notes to thefinancial statetnents 11. Permanent endowment funds At Othrt 01￿0T Income & Adluthnt for ofy¢ar Trnrtsfers Blll & Val Roc￿eY Fund Calderdale College Educatlon Fund General Fund Grassro¢)ts Grants Endowment Funds (w below) Hallfax Courier Fund Hallfax Old Folks Holiday Fund Hal￿faX Tradesrnen's Benevolenl Institutlon Fund Kathleen Mary Denharn Fund King3Gliff8 Fund Lee Crossley Wdfare Fund Martin Olive (in¢ Todmorden) Fund Noel John Greenwood Halifax Chlldren's Fund Oates Fund Pliny Barrett Fund The GartlarKI Family Trust Fund AnonymDUS Endowment United BiscultslMcVStles Calderdale Trust Werner Townley Fund 443.503 29.341 472,844 285,943 18,974 304,917 971,376 64,264 1,I13SM40 1.301.037 280.451 200,964 4,212 86.207 18,554 13,295 1.391,456 299,005 214259 433,639 3.727,749 134,698 126,887 144,817 28,689 246,621 8,911 8,395 9,581 462.328 3,974.370 143.609 136.282 qH398 438,146 31 44.010 1.153A60 84.149 410,957 27,188 29,490 40,575 1,081,791 78,927 1,951 2,685 71,569 5,222 750 200,000 200,000 289A62 271,500 17,962 Tolal rethm endowment8: Community Firsl End¢)wrnent Funds (see below) Halifax Law Soclety Furbd Lewis Beoth Fund Moore V*lght Fund Soyland Charitles 1,156,145 124,598 425,574 276.460 14,232 91,508 10,166 34,723 22.557 1,161 1847,653 134,764 460.297 299,017 15A93 12,161,314 4,962 819,523 12,980,799 RepreBented by: Endowment fund investments 12,985,799 Pemianent endowment fvnds are held on twst for the puo)ose of dellverlng the Foundation'8 charltab objeotives, apart from the Haltfax Old Folks Holiday Fund (HOFHF) which is held on trust to delNer the purposes ofthe HOFHF. Endthyment additions were £4,962 durfng the financial year endlng 30 June 2024. Endowment funds listed below have been created durlng two Government match fijnded endrial Fw The Russell Fund Yorkshire Po8t Fund Don8lk)rts in ye8r 83W4 385,244 184,566 139.082 73A62 76￿09 107,161 58,740 6,518 14903 InvestffBnt management L*Sts Adhmthent for Inve&ment galns 16.344 At end of year 1,391N66 T(tsl 1,391A66 Communlty Flrst Endowment Funds At start ￿ year 1,158,145 Repwented by: DonatIon￿ranSfer8 Crossley FUNI CaklBrdalo College Educ*>n Fund Caklerdale Fund Caklerdale Pledge Harveys Fund 91,508 John Wlson Mem￿181 Fund for Elland KerL6ide & P￿nIn8 Pack Fund Plfny B8JTett Fund Stephen Peamn me￿￿)r[al Fund The Russell Fund 134,020 336,305 45,600 24,716 55,789 252,237 14.211 2M23 8,874 373,878 Investment Manage￿Ent Costs Adjusknents for invthnt gains At ofyear 1,247063 Total 1347,653 COMMum￿ FOUNDATION FOR CALDERDALE A clffirity and CA)mpany limited by guarantee Notes to the nancial statements Total retum andowments Included on the previous page are total retum endowments which comwlse the Communlty First group of endowments and others which are endowed to the Foundakn on a total return basls. The lable below 8ummarises Ihe accoun15ng dlsclosures requlred for these eTrJowmnts, Unappllod Endowm•nt Total Rèturn 2024 2023 At 8tart of year Gift comp(ment of the permanent endowment Unappliod total return 1,491,271 1N91,271 1,491,271 605.738 450,14B 505,73B Valuatlon at 8lart of ypar 1,491,271 505,738 1.997.OQg 1,941,419 Movements in th? yoar. Glft of endowment funds Investment return." dividends arKI Interest Invgslmont return: realised and unreall58d galn8 Less: Investment management costs 56,144 160,114 66,144 160,114 55,628 56,378 r188) Total 216,258 216,268 111,218 Unapplled total retum allocated to i￿ome In the year (56,144) (56,144) (55,628) N•t movements in thg year 1eo,114 160,114 55,590 A8 at 30 June 2024 Grft comp3nent of the permanent endowment unapp11￿1 total return 1,491271 1M9I,271 665,852 1,491,271 505,738 665,852 Valuatlon as at 30 June 2024 1491271 2 157 123 1997 009 The divldend and Inlerest yleld of £56.144 re￿ed during the year from the assoGlated endowment investments wa$ alb¢ated during the year to income granl making arKI the contribution to the Foundation. The unapplled tolal return at 30 June 2024 amounted to £665,852 (2023.. £505. 738). Of this sum, £868,852 (2023.. £625.283) is the amount required to rai89 the value of the orlglnal donallons to their QUTrent equivalent value, based on annual Incremntatlon uslng RPI Indexation. There is no value avallable for d1strll￿I￿)n as orlginal Investments at RPI Indexatbn value ￿ hlgher than the market value of Snvestments. The trustees are conscious of volatility and uncertalnty in Inve8tm8nt marf(ets and take a measured approach to releasing funds for grant makSng In order to avoid over dlslrlbution whlch, In the evenl of erosion of capltal values, weAld inhlblt ￿t￿e grant making. 35 COMMUNITY FOUNDATION FOR CALDERDALE A dwity and company lirnited by guarantee Notes to thefinancial statements 12. Incom• fund8 At stwt of At end of year Income Expanditure Transfers Rgstrfctad: rou #i Wll ABS A Better Way Caldpr C(KnmunMy Cares C41derda￿ A￿866 Calderdale Year of Culture 2024 CIM* Em8rgency CMBC Advke and T8d(Ing Povèty GMBC Better Nelghbouthogds (Communty Grant8 for Cllmate Acllon) CMBC Communlty Small Grants CMBC Stronger NewJhbouthood8 ComtnunttieB in Cri8ts UKCF Communty CPR Cost of Living Covéa Insuran Eam8hqw Plbt Loan FI0￿SaY8 2020 Foundatkn Membershlp reserves Themed Fund 1- Housing & Homele86n886 Themed Fund 2 - Poverty & Disadv4nta98 Themed Fund 3- con￿unIty Coh88ion Themed Fund 4- Menlal Heallh Themed Fund 5- Cllmato Em¥rgency Goodbox Mini C Greenw￿ (Flood Fund 2015) HalfTomi HolEday$ Heamhy Holdays HougeFTr)Id Supp(Yl Joan Ea*tMA)od Legacy Fund Local Care Dired Mad(Intosh Gravegtone Mlxenden Area Never HU￿dry Agaln NHS CCG Calderdale 011￿r Smlthles ChTenden Moor Wndfami Pennlne Rldlng Club Rastrkk Blg Local Reserves Grants Support & Integratlon 2D2ZQ023 Tre Make a DlffarèneA Fund The Norlh Halffax Social ￿1VitieS Fund TC￿rrrt)rden Communlty Wind Farm UKSPF Cultural Grants VAC (HPOC) Hamessing tho power of Communttles Watemiath 2(Y21 Youth Bank H8ilfax Youth Bank Todmord8n 4.905 6.0 3.7 8.301 4905 {5,ODO) (2,5DO) (6,3D1) (47,986) (31,456> (34.575) (140,0￿) (85,0(Y)I {43,380) (3,CY)O) {14,187) <523.135) P.835) (3,750) {1,200) 47.$65 22,OB1 70.OCPJ 139,500 65,000 ,000 197 S,OCx) 10.924 1,529 35,425 500 46,620 152 20,149 37,151 25.570 75,088 2.835 453.900 31,30D 1,813 130,1)00 11,713 174,400 15,348 4.805 5,210 2,279 2,189 7,120 475 27201 7342 55,793 (44,41XI) (3,633) 3,082 8,791 4,267 12,OLN)) {9,204) {3,7CpJ) {8,104) (11,54D) 606 82Y 5,247 90) 215 27,201 15,066 100,645 119,599 743.098 150.0 (178,4551 (699,8461 (150,COJ) <39,0731 {31,030) (1,250) 8,8t)J) 88,680 53,355 31,034 1,250 37,024 1.374 471 52.444 1.556 32,424 13,oe 14282 (1,300) 1.378 {4711 eo,472 (52,417) (32,424> 137,685} 12) {55.274) {12.000> {43,644) (28.637) (49,9981 (S0,0(bJ> 9,611 171,212 146.613 13,180 20,792 60,fAi) 45,C(10 10,000 31,500 28,637 45.000 18.792 56.356 5,000 5,000 54,400 170,482 2.7 225.831 2,700 36 COMMUNITY FOUNDATION FOR CALDBRDALE A charity and company limited by guarnntee Notes to the nancial statements At Start of Year Contlnu8d: In￿me Exp8ndllure At End of Yoar Transfers d￿nént Inc Calderd8b College Educatk Hallfax Old Folks Hcllday Halifax Trade8men's Benevolent In8tiiuii( Anonym¢)￿ Endowm8nt Lee Cro8￿8Y Wellare Lew18 800th Noel John G¥egnwo(wJ stephan Pearson Memorlal 23,033 15,182 19,655 1.906 7,480 12.382 10,5CQ 12,011 4,019 8,673 3.158 2,538 36,044 4.122 16,303 (15,079) (11,925) <1,718) 17,000) {12,382) (2,460) 3,018 8.605 9269 2￿07 8,219 1,147 (7,0￿> 1 OB1857 2 351603 505 73 Income is stated 8tKwe net of the Foundafjon's agreed m8nag8m8nt fees. Al of the Re8tricied In(xme fijnds e b be spenl on future grant making. 12. Inoome fundB {Gont.) At start of year Income Expendllwe TranÈfgrs At end of year Unrestslctod: D8slgnated FurKJ ffhe Indlvlthal Fur Gran18 (Flow Thbyjugh - General) Grants (Endowment FuNls) Free ReseNe8 Match FurKJlng Des5wated Fund 17,786 SB,074 261,328 130.312 113257 580.767 (17.000) 786 4,224 239,789 295,694 2,800 196.599 689.ed)3 (56,650> P06,544> (488,716) (11.694) 137,606) 889,cKf2 (149,9)9) (136,108) 583,744 Inc(Th and donallon8 are rec8ived both for general charitable purposes and also for 8￿clIC purpo88& Transfer8 include funds from unrèsts¥Aed funds to Increase the amount8 avallable in restri¢tfrd funts and for usè 88 matth funds to altract n&w don8tlon8 to InL¥ease overall grant maklng. 13. AnalyBi8 of net a88frts 30 June 2024 Unrestrlctw funds Re8triGted funds Endowment funds Total funds Tanglble fixed assets Investments Current &%sets Crgdltor8 13,063 518,922 218,830 167,071 583,744 13.063 14.357,614 468.767 208,608) 14,633,836 852,893 249,937 (38,537 1,064,293 12,985,799 12,985,799 13. Anatys18 of not a666t8 30 June 2023 Unrestrlcted funds Restrlcted fund8 Endowment funds Total funds Tangible lixed assets Investments Current assets Credltors 5.456 380,600 238,910 44,209) 580,757 5856 13N32.967 552,022 166,507 13,823.928 891,043 313,112 122,298 1,081,857 12,181,314 12,161,314 37 COMMUNITY FOUNDATION FOR CALDERDALE A cl]arity and company limited by guarnntee Notes to thefinancial statement 14. D88crlptlon ol R88tr1cted (Flow-through) FundB #Iwlll Fund Iyouth Soclal Actlon Youth Soclal Actlon18 a UK Government and Big Lottery fund initiative, boosted by funds from Comic Relief, the Pears Foun(laflon and UK Communrty Foundatlons to help rea* young people up to 20 years of age (25 with a disabllty) to frnC￿rage canwaignirYJ. volunteering, and fundraising. ABS A Better Way A donor advlsed 30th Anniversary Charity furnl established ty the ABS Founda￿On, with addttlonal funding from the Foundation. whlch awarded small monthty grants and larger gr￿ts to charltable organlsation& Calder Communlty Cares Thls t)onoi ad¥ise(J Fund was Bel up ty local charty Calder Communlty Cares to ubllse proceeds from sale of gocKls from their Hebden Bridge based charity St￿P, lo support cA)mmunlty pr]oMles in the Upper Calder Valley. Calderdale Access The £200,000 Dlsability Access FLmd Was e81abllshed with funds from the wlndlng up of the Hall Benevolent Fund and the closure of the Calder Va118y Club arKI lh6 trarb8fer of the fijnds to the Fo￿datIOn follcwlng Ihe sale of their headquarlers in Mytholmroyd. Caldordale Year of Culture 2024 To celebrate caId￿laIe,S 501h anniversary a y68r-long programme of croatlvity and athlty was launched on 13th Aprll 2024 and as part of the c8lobrations Ihe Foundation were Invited to manage the Calderdale Year of Culture Fund 2024 (CYOC24). £5,OOD was transferred In from De8*Jnated Match, Cllmate Emwgen¢y A partnershlp wlth CMBC to Support local envlronmental projects ac￿8 three priorities - buildings, transport and educatlon. CMBC and the F￿ndatIon are workirKJ tog&ther long4erm to r8L8e the awaren&8s of the cllmate emergency and ralse fiJrKls for the dEstributlon of gtants and lOar￿ to 6UPPOrt C8pltal and revenue projects In Calderdale. CMBC Advlee and Tackling Povety Thls CMBC Fund is designed k) ovwcome barriers faced by vulnerable people 8ccessing advice and information services i.e. people wlth health188ue8, people leadlng chaotic Ilves aftd people facing language banierB. CMBC Better NeWbourhood61Community Grants for Climate Actlon) West Yotkshire Comblned Authority (WYCA) pruvlded the funding for the Foundation to award corrrnunity grants for climate to conlrlbuie to tt)e progress againsl West Yorkshire's 2038 net zero carbon target £5(JJ was transferred to the Furxl from the Foundation's Designat8d Match Fund. CMBC Community Small Gr•nts CMBC p&8sed on funding to the Foundallon to manage a small grants si*errE to support local charities and voluntary and communty usehcAder6 Wbth a Savings scheme In pathership with Calderdale Credit Unlon that in the event of further significant fioods, Flwdsavers could wlthdraw thelr savings and claim Thotch funding up to £10,000. Folbwlng a drop in sav8r6. £44,400 has been mved to Ihe Watermark Fund 2021. FoundatSon h￿mbershIP (Rtsorve8) Fund and Them￿ Funds Established originalty from £33.OIX) of free reserves to use for match funding wrposes lo support organi5ations and pr¢iects tackling the five prbrities, the balance at the start of the year was £15,346. £3,832 was matched and moved to Ihe fve priorfties. (seg n¢Xe 12 page 37) The closing value is £11,713, Grants gfven out in the year were £32,548 from the five themes. Goodbox Mlnl A Fund was e6tabll8hed with a card mad)ine k)cated In Harveys Department store forcustomer8 SUPPOrt for vulnerable chlldren as well as a fashion strtsw fundra5ser raffle. C Greenwood (Flood Fund 2015) Th18 Fund was establlshed wllh a private donatk)n of £100,000 followlng the 2015 Boxlng Day knd, The dortatlon attracted Government match fvnding with 50% of the £200,000 ringfenced for flcxxl repair works in Hebden Bridge. Half Teftn Holldays Thls progBmme was set up to compliment the rnain Healthy Holldays scheme and is Jolnty funded through CMBC and the Foundation. Its alrn Is to support children in receipt of free school meal8 during school haff term$ wlth healthy actlvltbs prov18ion and healthy me818. The Foundation provlded a £60,000 malch. Healthy Hollda A programrne supporting children and young people who are on free 5¢hool meals during the schwl holidays, and for them to access free holiday dub places as patt of the Healihy Holidays Calderdala programme. The programme fundlng was provlded as part of the GDvemwEnl's Holiday Activities and Food (HAF) programme. The free plaoes are funded by the Department for E(Jucation (DfE} providing enjoyable actNitie6 and nutritious meals for primary and secondary school-aged children who are eligible for enefits-rela￿1 free school m￿ls. Household Support Departmenl for Work and PensDns (DWP) funding was awarded to the Foundatlon vla CMBC lo support ople In hardship through Ihe Ilfjnler with food needs and energy bills (Includlng watei) and the associated wider essentials e.g., sanilary products, warm clothlng, Lyjller repalr and general bills support. Jopn Ea81wood Legacy Fund A legacy for the benefit of Brighouse and disirict voluntary and community organisations. Local Care Dlro¢t The Foundation partnered V*ith L(￿81 Care Direct to support health and wellbeing prolectswlth grants of up to £5,000 for voluntary and comrnunlty organtsations. 39 COMMUNITY FOUNDATION FOR CALDERDALE A dMTity and company limit¢d by guarantee Notes to thefinancial statements ¢klntO8h Grave8tono The Foundatlon are w0[￿ng wmh ffEMbe￿ of the MackintDsh family to build a fund to malntaln the fami gravestones. Mlxenden Area Ihis Fund wa6 created wlth the resldual a8sets of the former Mixendgn Parents Resourc¥ Centre. Never Hungry Agaln The Foundation launched this Localgivlng Campaign in response to the g￿￿ng problem wlth School hDliday hunger. The Foundation secured private donallons and funding from the Department for Worf( and Pensions (DIM)) via CMBC. Ollvor Smithies The wldow and Trdmity of the late Nobel Prlze WInn￿ Oliver Smlthies egtabllshed this fund wllh t Foundation to support Science related projects. Ovenden Moor Wlnd Fami The Ovenden Moor Wnd Farm Fund beneffts voluntary and Communty organls8tion8 opernting w6thln a 7.Skm radlus of the slte. Decisions on award8 ar• made by an independent panel rnade up Of IntereBt8d volunteers from the areas ot benef￿. Pgnnlnfr Riding Club A former rlding club in Todmorden forwarded th8 proceeds of the 8ale of land to the Foundatlon to 8UPPOrt Todmorden charities and community activty. Rastrlck Blg Local The Foundation is the Locally Tru8ted OrganL8ation for the Rastr￿k Big Local Partnershlp.and admlnl8ter6 and accounts for the dlstrlbutlon of the partnership funding on an annual ba818. Over the ten-year Ilfe of the project the Foundation wlll account lor £1 m In fundlng, Slr Georg• Earfe Fund Thls Fund 8UPPOrt8 fomi8r 8mpfoye88, and their famity members. of Blue Clrcle Lafarge in the north of the UK In cases of financlal haNlshlp. No grants were made In the year. Support and Integratlon 202212023 This Fund 16 a partnership fund between the Foundation and CMBC to award gr£nts to local organtsatlons to create a welcomlng Calderd8le for Ukralnlan refugees. The Make a Dlfferenco Fund Estrdblished by wEvate donors who wish Io SUPFOrt organI5ations across three prlorty themes houslnglhomelessness, communty cohesion and dirnate emergency. The North Halrfax Soclal Actlvltles Fund A slgnlfkant Fund supporting sporting and social activltes organisation5 predominantly in the Illlngworth and Ovenden areas of North H￿lfax. Todmorden Communlty Wlnd Farni The Foundation is working with the Foresight Group k• provide over £25.000 of funding annual￿ for projects that benefit the communities of Todmorden over a 20-year perlod. UKSPF Cultural Grant8 The UK Shared Prosperty Fund (UKSPF) airns to Smprove prld6 In plac8 and increase life thance8 across the UK under three Investment prioritles: communities and place, supporting locAI businesses, and people and skllls, £5,000 was transferred In from Deslgnated Match. VAC IHPOCI Harn888lng the Powor of CommunStles The Foundatlon Is worklng with Voluntary & Community (VAC) to distribute funds to reduce health Inequalities and encourage a dlvers8 and $uslainable thlrd sectc¢ In Calderdale. The FDundatlon transferred £5,000 In for makh from the Designated Match Fund. 40 COMMUNITY FOtrNDATION FOR CALDERDALE A charity and LX)mpany lin)it¢d by guarAntee Notes lo thefinancial statements Wat•miark Fund 2021 The Foundation kick started the Watennarf¢ Fund wlth donalJon8 that arrived 8fter the rnatch ￿nd clakn wa¥ made to the Department ol Community Local Govemment In February 2016. The Fund has b8•n rggularly added to through Gontributions FTh9de rnaIn￿ by busine88e8 8811Sng product8 andlor seNl¢es. FlocKI Fund re8idual balances have been tran8ferred In he￿ from 2015 and 2020. £44,400 was transferred from Floodsave in the Fnancl81 year. Youth Bank Hallfax A Fund e8tabllshed to provlde a hands-on opportunlty for mentrrs of the Calderd810 Youth Councll to pronTr)te and award grants to projects in Calderdalo. The Panel is belng suw)orted by the Foundauon's Grants Tèarn through all Stages of thé grant maklng prO￿8s. Youth Bank T¢)dmorden A Fund estsb118hed to provide a hand8-on opportunlty for ￿Mbar5 of the Todmorden High School Coundl to pro￿￿te and award grants to Todnv)rden proJecl8, The Panel 18 belng suwrted by the Foundatlon's Grants Team through all 8laJes of the grant rnaklng prcws. 4. De8Crytion of Ro8lrfcted (Endowment) Fund8 Calderdalo College Education Fund The Fund provldes financlal support to indivldual students and groups of students on an educatlDn8J theme wlth grants up to £20,000. Hallfax Old Folk8 Holiday Worklng In parlnership with extemal agencles, the Foundation d18trSbutes small grants of up to £500 annually to older p80ple in Calderdab who w(AJld not otherwi86 b8 able to afford a short holiday. Hallfax Trade8m9n's Benevobnt In8titutk•n Th8 888èts of £456,777 were transfèrred to the Fcwndatlon for them to conlinue SUPPOTting Halfax trades people 8nd employees who have fallen on dlffl¢ult thnes with quarterty pens￿￿ payments. Lo• Cr0881ey WellarB The Lee Crossley Welfare Fund provides awards tcmiards graveyard Improvements In Calderdale. L￿13 Booth A legacy from the estate of Nellig Booth to be hehj as an endowed fund named after Nellie's brother Lewis Booth. The Foundation hav8 been given the respOr￿￿bIllty of Ir￿IntaInIng four family gravestones and to dlstrfbute the remalnlng annual Inttlme to the H81ifax Society for the Blind and the MS Sc¢lety. Noel John GreenV￿0d Awa￿ts up to £150 per studenl wilh group applicants. The Fund makes grants benefittlng children and young people up to the age of 18, faclng deprivation in acces6lng traucation. Beneflclarles will be livlng, studyirYJ, or working in the ¢onstltuency of Halif8x. £7,000 was transfenBd to the Cost of Llvlng Fund. stgphon P8aTron Mpmorlal Grants from thls Fun(J alm to supporl groups in Ihe rnost dlsadvantaged areas of Caklenlale, esr*dally parts of Warley ward. 16. Penslon obllgatlons The Foundation operated a defined contrfbutlon penslon schem& through the Royal London Mutual Insurance Society Llmlted (Royal London). Staff are automali(xlly enrolbd into the Royal London Scheme subjeGt to the rul•s of the scheme. It Is presentty non<>)ntributory for 8tsff although $18ff may ke peTsonal ccffilrfbutlons should they wlsh. The assets of the plan5 are held sePar￿elY from the asset8 of the Foundation. The pension charge for the year wa8 £20,222 (2023., £16,840). There were £1,876 of Gorrtribullons due to Royal London at the year-end (2023: none). 41 COMMUNITY FOUNDATION FOR CALDERDALE A charAty and company limitsd by guarnntee Notes to thefinancial statements 16. Commknients u￿1•r operaong l•a888 At 30 June 21Y24 the FoundallLm had aggregate comwltments urKler non & Tacklln £6,075 £8,871 Callpso CIO Hallfax Oppxturltl88 TA￿1 Enierpri888 Ltd Ms Ajisc Hasklns Tru8tse TwBtee CEO £1.5QJ Hallfax Old Fo Holiday UKSPF Cullural FUNI £8,000 Halifox OppotlunlUe8 Trust EnterpiTses Ltd Mr N811 Wlgm Trustse Tru8tee £1,5(Xl Halifax Old Fdk6 Hollday UKSPF Cullwal FurKI £8,OOD Nwr(wnd T¢>3ether Mr Steve Duncan CEO Truslee £158,878 £20,086 Cpst of Lv4ing Fund Hpu5elK)Id Support Fund Endowmert Ino)me Fund Household Support Fund Cost ol Liwn Overg8ie Hosp (Capital Appeal Board) Mr Richard Blackburn Twslee Volunlary member £10,Cn Slow the Flow The Pye N&8t Allotments Assoclatlon Wainslall8 Sports & Soc181 Club Wayflnder Cald•rd81e CIC West Yc¢kshlre ADHD 2,600 4,997 1,000 4,900 7,303 4.904 3,500 2,300 1,000 2,500 3,298 500 4,079 1,500 4,220 4,790 Half Terni Healthy Hollday8 S1 It Pellon Scouts BrKlge End House Nursery & Hollday Club Ltd 4,(M)O 4,446 COMMUNITY FOUNDATION FOR CALDERDALE A charity and company limited by guardnt¢e Notes to thefinancial statements Calderdale College Calderdale Communty Coa¢hlng Trust Invictus Wellbeing FC￿nd81i0n CIO Llght Up Black and Afri(2n Heritsge CaSderdale Nurturlng Creativity CIC Posilive Impact sports Project Communilies CIC Rolff Foundatlon TAGS Programme Limited Unlque Community Hub 9,905 9,848 11,442 2,893 54,482 24.000 23,652 4,000 21,648 12,0(K) Healthy HolldayB Fund 51rt Pellon Scout Group Aclpie Lries, Active Communities CIC 68,841 16,715 2,973 14,6( 9.579 14.530 22.495 3.040 11.217 2,147 12,163 12,369 12,120 9,738 34,284 8,337 4,346 92,772 17,378 24.550 38,244 88,374 24,336 9,986 9,636 3,6B5 59,584 14,040 66,023 Bridge End Housg Nursery & Holiday Club Ltd Calder Community Cares Calderdale College Calderdale Communty Coachlng Trust Cabjerdale Sports Network Esteemed Creatives CIC Gra83 Roots Family CIC Gryass Roots Private Day Nursery Halifax Boxing Sports and Fltness Club HvJher Up Club lryHgination Garrdng Invictus Well￿1ng Foundatlon CIO Light Up Black & African Herftage Calderdale M and A Club Nurturlng crea￿￿ty CIC Park Lane Acadery Posltlve Impact Sports Project Challenge Project Communitles Cl ROKT Foundation Sanctus Academy Amateur Boxing Club CIC St Augustwie's Centre Slorymagic Theatre School TAGS Programme Limiled The Cricket Asylum Foundation Unique Community Hub Household Support Fund Advancement of Communlty EmpowBmient Alpha House Calderdale Basement Recovery Project BrNJhouse & Elland Bahai Communty Brighouse Central Food Bank Citizens Advr£ Bureau Colt Enterprise {Cafderdak) Ltd Edshift CIC Focus4Hope CIO Food For Familles Happy Days Ministrles UK Llght Llp B￿ck and Afrltgn Heritage Calderdale Making Space Mixenden and Illingworth PCC Newground Together Noah's Ark Centre Our Place Calderdale Overgate Hospice 4,000 4,600 3,8(X) 4,000 4,080 3.000 4,000 3,880 4.000 10,000 4,000 4.000 3,940 20,086 10,000 4,000 1,750 47 COMMUNITY FOUNDATION FOR CALDERDALE A charity and company limited by guarantse Notes to thefinancial statements Project Challènge sp￿right Faith Group st Augustine's Centre The Brunswldc Cent The Comholme & Portsmouth Old Library The Ha￿aX Academy Unique Comunity Hub Unrnasked Mental Health Womencehtre Ltd 3,600 4,000 10,000 3,900 3,000 10,000 4,000 10,000 5.000 Joan Eastwood Legacy Fund Brighouse Central Methodist Church Brighouse Sports Club Crovm Green Bowls Buildi￿￿ Brldges Food Hub Ed6hift CIC Focus4Hope Handmade Productions CIC Maklng Space Project Communltles CIC St John the Divine Rastrld( 3.500 5.005 7,500 3,489 4.150 4,950 2,892 Loc•1 Care Dlrect Alpha House Calderdale Calderdale Wellbelng Healthy Mlnds CurDus MotK)n CIC Get Ftt 4 Mental Wellness Noah's ￿k Centre st Augustlne's Centre 5,525 4,769 4,686 5,000 5,525 5,525 Macklntosh Gravestone Fund Phoeftlx Rwjio 1,250 MSxenden Parents Resou￿¢ Centre Hoty Natrlity MixerKlen Noah's Centre North HalSfax Parknership Nurturing Cre*ity CIC Skate it Yourself 9,500 10,000 7,500 4,800 6,000 NHS C?Id Cllnlcal Comrnlsslonlng Group8 (CCG8 Find Your Volce 471 Ovenden Moor Wlndfarn Fund Boothtown Terrfers Juniors Hallfax Amateurs JFC Hoty Natlvlty Mixenden Mount ZK)n Meth)dlst Heislage Chapel Noah's Ark Centre Oxenhope Climate Aclion OXenI￿pe Rec*eatlon Football Club Pennine Food Llnk8 Slow Ihe Fbw The Homeless Pastors CIC Wa6nstall8 Junlors Foolball Club 6,000 1,500 10,000 4,000 5,400 1,414 3,516 6,000 10,000 7,000 6,000 Ponnlne Rldlng Club Ag8 Concern Todmorden The Comholme and Portsmouth Old Library Todmorden Amateur 0￿ratIC & Dramatic 8cKlety Todmorden Book Festlval Todmorden Foc4d Drop In 1,054 570 4,500 5,000 4,000 48 COMMUNITY FOUNDATION FOR CALDERDALE A charlty and company limited by guarantee Notes to thefi7ttmcial statements TodrrvJrden Golf Club Todntr)rden Makery Vthat is Drum CIC Yorkshire Ambulance 5,000 4,800 2,500 5,000 Rastrlck Blg Local The Space Flekl lane st John's ￿MMUnIty Hall st Matthews Church Rastrick st Matthews Theatrlcal Society Frlends of Hlghbury Musicians Who Care 3.300 1.650 1.486 1.5QO 1,500 1,500 Reserves Grnnt Fund Mothershare 72 Support & Integration Fund 202212023 Avron Calder Cornmunity Cares Calder Cornmunlty Squash Calderd8le Valley of Sanctury Cllizens Advlae Bureau Curlous Motlon CIC Light Up black and African Heritage Calderdale (*ergate Hospi Rolff Foundation Spotlight Faith Group St Augustine's Cenlre Todmorden Leamlng Centre and Communrfy Hub Ltd 5,000 5,OCrf) 2,787 4,855 3,000 4,650 4,958 5,000 5,000 5,099 4,950 4,975 The Make A Dlfference Fund C8lderd8le Credlt Unlon Ltd Colt Enterpr18e (Calderdale) Ltd st Augustine's Centre 5,000 5,000 2,000 The North Hallfax Soclal Aclmtles Fund Hallfax Amateurs JFC Halifax Boxing, s￿rts and Fitness Club Halrfax v￿ee[chaIr Rugby League Club Noah's th Centre North Ha￿faX Partnership Nurturing Creat￿ty cic OSCA Foundation Llmlled Phoenlx Bowmen of Hallfax Project Communities CIC 2.000 4,644 s,￿0 10,OOD 5,000 5,000 5,000 2,OCKJ 5.000 Themed Fund 1- Houslng and HoThlossllèSS Happy Days Ministries UK 2.000 Themed Fund 2- Poverty & Disadvantage Coll Enterprise (Calderdale) Ltd Halifax Friendly Football Club (Belles) Happy Days Ministries UK Light Up Black and AfrI(￿n Herttage Caldèrd8le Mizkast Mothershare 2,000 494 2,000 1,500 2,500 710 Themed Fund 3 - Communlty Coh88lon Calder C¢mmunlty Squash Calderdale Pride 1,200 1,000 COMMUNITY FOUNDATION FOR CALDERDALE A ¢harity and company limited by guarantee Notes to thefinancial statements Happy Valley Pride Themed Fund 4 - Mental Hoalth Aphasia SuP￿rt Calderdale Communlly Coaching Trust ROKT Foundation The Tuming pO￿t Counselling ServiGe 2,000 1,000 1.704 1.400 Themed Fund 5 - Cllmatè Emorgoncy Balllff Brfdge Communty Centre Ltd Forus Tree 1,540 10,000 Todmordon Comrnunlty Wlndfarni Fund Caldenlale Frknnds of Dorothy Est8em8d Crethes CIC Friends of Tod TowntHII TAGS Programm8 Ltd Todrnorden Amateur Oparaitc & Dramatlo Soelety Todmorden Communlty Energy (TCE) Todmord8n Food Drop In 3,250 5,IK)O 4,000 5,000 1,390 5,000 4,996 UKSPF Cultural Grants Edshift CIC Frank Darnloy Halifax Opportunitss Trust Halifax UnSty CIC Ina Nature CIC st Augustine's Centre The Piece Hall Trust 7,607 7,500 8,000 11,096 7,795 4,000 4,000 VAC HPOC Advancement of Communly Empowement cic Coli Enterprlse (Calderdale) Ltd Happy Days Minislries UK Making Space Shared Harr￿Thes CIC w￿lt8 Unlimited CIC 5,000 5,000 12,500 12,496 4,968 10,036 50 COMMUNITY FOUNDATION FOR CALDERDALE A charity and company limited by guarantee Members List UPE MtyBERg Mr Ed Andmn MrA Bank8 A8S- A Better Way BCA Leisure Ltd Blathley Bapt18t Chu Mr Paul Brannl Cdderdale Carern Project Calderdal8 Talklng Newspaper As80ciation Ck Mr8 G & Mr B Carter Cha(bNl¢k Lawrencg Sollt*Jr8 Covea In8urance Flc Crossley Juniors AFC Dean Clough Ltd Mr Nell Davldson DL Mr St8V6 Duncan DL Mr Russell EarnstrAw Eurekal Mrs Deborah Gartland Mrc & Mrs G Gr88nwc()d Hallfax Courfer Ltd Slr Ernest Hall OBE, died 3Mr24 Hanson PIywDcKJ Ltd Happy days UK Mrn C Horyis DL & Mr S Harr18 Mr R H8r¥ey OBE & Mrn S Harvey HaNey8 Department Sknre Heartb&al- Brig1￿Se Heart support Grwp Hebden Brfdgo lJttle Thoatrp Miss l Holdsworth & Mr A Marsh Dr P & Mr8 A ￿mbe[StOn£ Invictus WellbeSng LloydB Banldng Mor8hall8 Pk MtJ ma￿8￿Y, dled 10rar24 MrJ Mooney Dr R Moore OBE Mrc & MrsJ Moran Mr8 K Moreton-D8akln & Mr A Moreton&akin NR Ccfflponents ffod> Ltd MrJ Needell Mr8 J Needham MrA & Mrs M Nel8on Meslle UK Lld Noah's Ark Cenlre M8 J Pa¥ton•Vthita Penning Leisure Supplles Ltd PPG Land Ltd Ram5dens Soll¢ltor8 LLP Mr W& Mr8 V RO￿eY Royal and SuTr Alliance MrP & Mfs S Russ811 Laty Margaret Shutt Mr A & Mr8 K Thornlon MrR&MrnFTlg Ms C Townley Mt8 M Vlckery Dr R Vtheeler mrP&mrsN￿bY Mr T J WN80n CBE JP, dlod 2716r24 mr&MrsENWC￿d MrN&mrsSw￿gM FOUNDATION CLUB hEMBERS Appleyard Lees ArKly T￿l￿on Ltd Caravan Gu£rd Ltd Core F￿lIlty SeNkes Mr P Crabtree Craggs Gounty Buslnès6 Park DD Porter Ltd Dèslgn and Dl8play Lld Doherty Wgallh Manag6ment EastW￿)d FInaTh￿al Servlces Ltd Ekons EmplOy￿￿nt Law Con5dtatrts Ltd Frelghlllnk Europe Full Clrde Funerals Mar4uls Prfvate Hlre GA Valve8 Sal88 Ltd Skirco8t Greèn Dlredory MrTJ & MrsA Klrker Slelgh & Storey MrA H MarshHII MT A Syke8 Mr P Stddal, died 9rJr23 Mrn D Trernes￿e Pemlne Pneumat￿ SeThk*8 Ltd Waker Sh)gleton PIB Insurance Brokers Mr D Whileloy Qu8ntuma Athi80ry (Yorkshlrn) Lld Wllklnson 14Voodwatd Haww B ￿lnesS Solutlons Ms ZohT8h z8Th￿di Hawley GroL4) Holdlnos Insplrft Leaming Loc81 ca￿ Dlrect FRIENDS OF FOUNDATION AM)lon Street Sludio Lord A8hton Best You Health Flat Stan First Ald Ml88 R Ca￿(￿j Go Local P￿01a1 ma￿el￿a Ltd PM Law Ltd PU￿18M00n SupBrvl6lon and Co&hing Ltd Mr J Reader Mr J RDbert8haw Sludy Wrlte11+ Textl8 Innovatlons Lld Utllty WareW8e Partner Woodnook Hokllngs Ltd Yothhlro Paymènls Yow Day Group Itd Mrs H Bingham BlackvAJthJ Commurycations J & R Bottomky Lld Calder IT Ltd Candle Olgltal Ml58 V Chadwld( Combined MlrKls Lld Mr J Crowther Ms R Dllby Every Step Fln*Jclal SeNloes Grlnnlng Graphlc* Mr C HafTiS M8 A H8sklns MrJ Hèaton Mr R H(xlgson Mr R H￿kin S HusBain JLA Llmtted Love S¢lenc* Mr D Palmer 51 COMMUNITY FOUNDATION FOR CALDERDALE A charity and company limited by 8uarnnt¢¢ Members List iIQLUNTAkY hlEMBER8 20th Hallfax Salern Boys Brb81Je 8 & 28 Calder Valley Sc4>ut Group Acce88 Hospitallty CIC Actors Workship Youth Thèatre AGE UK Caklerdale & Kirk18es All Salnts Church Eland Ask lh8 Que81ion BarkIs￿nd Old People8 Welfare Committ8 Boothtown Terrier8 ARLFC B￿9￿uSe Amateur Swlmnwng Club C8ld8r Commnity CareB Calder Valley Search & Rescue Calderdale Forum 50+ Calderdab Lel8ure Gard8ner8 Federation C81derdqlo Valley of Sanclury Colt Ent6rprise8 Concèrt for the Young at Heart Cottcm$ton8s Pr8-School Playgroup CREW Heart Support Group Dlarnond8 G￿nn&￿tIc6 Club Ed Shlft Eland & C4strlcl Parfvrshlp Elland Rbrges As&oriatlon Flnance YorkBhlre Focus 4 Hope Forget Me Not Chlldreng Hosplce Fourteen 19 Sodal H8lllax Aachen Socyety Halifax Boy8 and Glrfs Brigad8 Band Halifax HerllagÈ Tours CIC Halifax Opportunltres Trust Halifax RLFC Indopendenl Supporters Trust H81ifa¥ Paoc￿ty for the Bllnd CIO Halrfax Tablg Tennis A980datbn Heart Gallery Hebden BAdge Angllng Soclety Hebden Brfdg9 Salnt8 Junior Foofbdl Club Hlppetholme Grammar School IINngworlh Sl Marys Crlck8t Club Inner Iltrèei Club ol Hallf8X Old Brodlal8n$ Llone880$ of Ihe Valley LLKldend¢n Con8ervatlon Society Memb&r Ploneer Mld y0thh1￿ Chamber of Commorce Mount Tabor Communlty C8rfn9 Assodatknn Newgn)und Togelhar Next step Trust Overga16 H06plce Penning Calder DIBMCI Scoul Coundl Pitstop 2C￿ Ltd Project Challenge Radlo Calderdale R8vens¢liffe High Sthool and SpDrt8 Colleg8 Relate Cmss Pennlne Rlpponden 2￿10 GÉrdenlng Club Salem Methodist Churth S8e Ah8a(I SheK Wellbekng Communty Associa￿n Slow the Flow Soroptlml8t Inlematicmal sowerby Brfdge Rushb88rfro A88OCk?Ilon Stag¢ Door Sludlo TheatT8 Workshop The Space al Fleld Lano Todmordm Amateur Op8ralic and Dramatlc Socldy Todmordèn Angflng Soclety Twning Polrrt Counsetling Se￿1 Unma6ked Mental He8tth Vduntary and C￿nMunity Wadsworih Communlty Asswiatlon Warlng G￿en Community A880datlon West York8htre Community Accourrtlna Servic8 (WYCAS) W851 York8hlre Pollce Wast York8hire manufa￿Ang Sgrvkas tchfiold Grange Women C8ntre Lld Women's Aoti¥ity Centre Yothshlre We81 Methodlst Diitrlct 52