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← Derbyshire Community Foundation

2025-03-31-accounts

Registered number: 02893759 Charity number: 1039485

DERBYSHIRE COMMUNITY FOUNDATION

(A Company Limited by Guarantee) TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

DERBYSHIRE COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

CONTENTS

Page
Reference and administrative details of the charitable company, its Trustees and advisers 1 - 2
Chairman's statement 3 - 4
Trustees' report 5 - 19
Independent auditor's report on the financial statements 20 - 23
Statement of financial activities 24
Balance sheet 25 - 26
Statement of cash flows 27
Notes to the financial statements 28 - 56

Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

DERBYSHIRE COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025

Trustees Oliver Stephenson,Chair
William Kerr,Treasurer
PhilipBloxham
Andrew Cochrane
Jane Gerard-Pearse
Stephen Gordon
Nick Hodgson
David Palmer(resigned 30 July2025)
Peter Pimm
Kathryn Pugh
Gurmail Raju
Sheila Taylor
Alison Williams
Company registered
number
02893759
Charity registered number
1039485
Registered office
Unit 2 Heritage Business Centre
Derby Road
Belper
Derbyshire
DE56 1SW
Chief executive officer
Rachael Grime
Independent auditor
BHP LLP
Chartered Accountants
Statutory Auditors
One Waterside Place
Basin Square
Brimington Road
Chesterfield
Derbyshire
S41 7FH
Bankers
Royal Bank of Scotland plc
34 King Street
Belper
Derbyshire
DE56 1PS
Solicitors
Geldards
Number One Pride Place
Pride Park
Derby
DE24 8QR

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Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

DERBYSHIRE COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY, ITS TRUSTEES AND ADVISERS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Patron The Duke of Devonshire KCVO, CBE, DL President Brian Ashby Sir Richard FitzHerbert Bt - President Emeritus Investment managers Cazenove Capital 1 London Wall Place London EC2Y 5AU Rathbone Brothers plc Temple Point 1 Temple Row Birmingham B2 5LG CCLA Senator House 85 Queen Victoria Street London EC4V 4ET

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Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

DERBYSHIRE COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

CHAIR'S STATEMENT

FOR THE YEAR ENDED 31 MARCH 2025

The chair presents his statement for the year.

Reflecting on the past 12 months, the financial and other difficulties that habitually challenge those with disadvantage continue unabated. Derby’s and Derbyshire’s small charitable groups are constantly seeking monetary support, and as the reputation of Foundation Derbyshire continually grows, the number of applicants making themselves known to the executive team appears to be burgeoning.

Foundation Derbyshire is well known as a first source of funding for many of the county’s grass root organisations. The service that our team offers is much more than being ‘just about money’. They are also supportive friends, and we know that the Belper office have so many words of support, advice and companionship for those who apply to us.

This has been another year in which we have received extremely kind donations to our endowment. These have helped sustain the value of the balance sheet, whilst investment growth was muted in the 12 month period to March 25. Currently, I am pleased to say that we feel financially robust, and additionally I know that by March 26 we will be able to advise on some further significant gifts to the Foundation which will really boost our ‘fire power’.

I would like to acknowledge the exceptional relationship that we enjoy with Derbyshire County Council, the latter utilising our services for distribution of financial aid to causes in need throughout the county. During the year DCC used our network for £350,000’s worth of grant giving, mostly to food banks as part of their mission to tackle hardship within our region.

As ever, within the county, we are immensely grateful for the strong relationships that we enjoy with the Lord Lieutenant and with the High Sheriff. Annually, we offer assistance to the Lieutenancy’s King’s Award for Voluntary Service, introducing and assisting charities as they make applications to KAVS.

Ian Morgan was an enormously popular High Sheriff and supported the Foundation on numerous occasions, not least during a blind wine tasting competition at which the Foundation’s Chair came last! He held a splendid Legal Service at Derby Cathedral, and monies raised at both these events were directed in the Foundation’s direction. We are now enjoying Sir Richard FitzHerbert’s shrieval year, into which he has been injecting a huge amount of energy, care and fun. Derbyshire is so lucky to have so many wonderful High Sheriffs.

On 12th November 2024, the Foundation hosted a successful event at the Cavendish Hall, Edensor. We were fortunate to enjoy an ‘interview’ with celebrated potter Emma Bridgewater, in front of an audience of 130 guests. The interview was perfectly carried out by Karen Cochrane, and our initial introduction to Emma Bridgewater was through Griselda Kerr. We owe them a debt of gratitude. Events such as these remind us of the great many friendships that we have, with guests travelling to see us from every corner of the county.

At the Belper office the executive management of Rachael Grime, Sarah Stainthorpe, Misbah Ramzan and Vicki Martin makes up the invaluable team upon whom so many rely. In the summer of 2025, we further boosted the team with two additional members, Amanda Melbourne and Nikola Smith, as a result of the ever-increasing amount of application work requiring our attention at the office.

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Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

(A Company Limited by Guarantee)

DERBYSHIRE COMMUNITY FOUNDATION

CHAIR'S STATEMENT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

In August 2025, David Palmer stepped down as a Trustee, after serving eight years on the Board. We are all immensely grateful for the commitment and care that David gave to the Foundation during this time and the contribution he has made to our growth and development. During the next three years we will experience successive retirements, not least the Treasurer William Kerr’s, and my own. Since late 2024 the Board have been working on a succession project and we know that by the end of 2025 we will be enjoying the wisdom and input of several new Trustees. 2025-26 is going to be an exciting time on the Board, and everyone is looking forward to that immensely.

I would like to thank everyone who plays a part within the subcommittees of Foundation Derbyshire, and especially I wish to thank the Friends of Foundation Derbyshire who make monthly contributions to us. These gifts are always appreciated. It is so good to know that our many friends and supporters are there for us, throughout the entire county of Derbyshire.

May I particularly thank Rachael Grime, Foundation Derbyshire’s Chief Executive who manages the Foundation with expertise, wisdom and diligence. We are, as ever, exceptionally grateful to her.

Signer ID: SHF6MROGH7... Oliver Stephenson Chairman Date: 11/11/2025 GMT

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Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

DERBYSHIRE COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2025

The trustees present their annual report together with the audited financial statements of the charitable company for the 1 April 2024 to 31 March 2025. The Annual Report serves the purposes of both a trustees' report and a directors' report under company law. The trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the charitable company qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

a. Policies and objectives

Derbyshire Community Foundation (operating as Foundation Derbyshire) (“the Foundation”) is an independent Derbyshire based registered charity. Our vision is to see a culture of giving at the heart of life in Derbyshire, helping to create a county where communities are strong, civil society is valued and all individuals have the opportunity to fulfil their potential and be treated fairly and with respect.

The charitable objects of the Foundation, as defined in its Memorandum and Articles of Association are to support or promote exclusively charitable purposes which in the opinion of Trustees are beneficial to the community, with a preference for those in Derbyshire.

When reviewing the Foundation’s charitable objectives and deciding what activities the Foundation should undertake, the Trustees give due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance “Public benefit: running a charity (PB2).

The Trustees are satisfied that these objects meet the appropriate charitable purposes as defined by the Charities Act 2011. Given that public benefit is an intrinsic part of the Foundation’s objectives and activities, additional information on its delivery is provided throughout the body of this report.

b. Strategies for achieving objectives

The Foundation’s over arching mission is three-fold:

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Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

DERBYSHIRE COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Objectives and activities (continued)

Our current strategic plan has distilled the organisation’s Vision and Mission into two key objectives, namely:

  1. To build on our position as the county’s trusted philanthropic enabler and advisor, a fair and intelligent grantmaker and a professional manager of charitable funds

  2. To ensure our grantmaking is:

  3. Relevant, supportive & equitable, reflecting & meeting the needs of the communities we serve and targeting priority areas and issues.

  4. Pre-emptive as well as responsive and supportive.

c. Activities undertaken to achieve objectives

The main activity we undertake to deliver our objectives is providing a range of tailor-made grant making services to help donors bring about change by channelling their charitable giving, in a tax efficient way, into Derbyshire. We offer donors:

By linking local donors with local needs in this way, we are able to deliver public benefit in a sustainable way, by using an endowment based giving model to address both the problems of today and the issues facing future generations.

The Foundation also augments its grantmaking activity and impact by distributing funds on behalf of companies, individuals and other charities, through a variety of grant making programmes.

Our other objective focuses on the quality of our grant making, which is effectively our bridge between the people who care about the local community and the wide range of groups and individuals that need their help. A key element of our strategy for maintaining and strengthening this “bridge” is to listen to and learn from our stakeholders, to ensure that our grantmaking is informed by, relevant to and meets the needs of the communities we serve and enabling people with detailed local knowledge and lived experience to contribute to decision making.

Achievements and performance

a. Main achievements of the charitable company

Page 6

Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

DERBYSHIRE COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Achievements and performance (continued)

b. Review of activities

2024/25 was a strong and steady year for Foundation Derbyshire, in terms of both its grantmaking and endowment building.

However, global volatilities and uncertainties continued to take their pervasive toll in our city, towns and villages, resulting in an ongoing “triple threat” of falling income, rising costs and increased demand, to a voluntary and community sector already at breaking point and still reeling from the impact of the pandemic. In these challenging times, the role that Foundation Derbyshire plays continued to be as crucial as ever.

Thankfully, we were able to broadly maintain last year’s level of grant making (at over £926k), due in large part to £368k of funding from Derbyshire County Council for Food Banks and Food Access projects.

Grant application levels continued to break records during the year and the increased demand for the funding we have available resulted in the number of partial grants rising by 15%, to just over a third of total grants awarded. Although not ideal, providing partial awards, where appropriate, gives donors the flexibility and capacity to “stretch” their philanthropy and to reach as many beneficiaries as possible. The increase in the number of partial grants awarded has also enabled us to keep our success rate high at 95% (up from 93% in 2023/24). However, with more groups than ever turning to the Foundation for help, competition levels will continue to rise and we therefore anticipate more groups receiving partial awards and/or rejection rates increasing unless and until grantmaking funds and programmes are secured.

All of this makes the role of our dedicated team of voluntary grant panel members even more difficult and crucial and we thank them, as always, for giving so freely of their time, insight and understanding of our local community and voluntary sector, to ensure that our grantmaking decisions and policies continue to be informed and apposite.

Groups and organisations working to tackle poverty received 42% (£392k) of funding during the year, due in large part to the £357k of grants that we were able to award from Derbyshire County Council’s Food Access Programme.

In November, we welcomed new and existing friends and supporters to an evening “in conversation” with Emma Bridgewater, the renowned pottery designer, at Cavendish Hall in Edensor. The event provided us with an opportunity to showcase the work of the Foundation and an insight into Emma’s own inspiration and motivation and how her company has created over 400 jobs, preserved traditional skills and breathed life into its local community.

In December, The Missing Act, an exhibition of work created by our ninth Jonathan Vickers Fine Art Award artist, Max Gimson, opened at Derby Museum and Art Gallery, before moving to Mall Galleries, London in March 2025. The Missing Act is a collection of new paintings by Max, in response to the people, culture, heritage and landscape of Derbyshire and the culmination of a nine month residency based at the University of Derby’s Banks Mill Studios. In addition to working on his collection of work, Max also contributed ten days of teaching/engagement within the University of Derby’s BA (Hons) Fine Art programme and helped us with a first for the Award; an audio description of the collection, making each painting accessible for people who are blind, partially sighted or neuro divergent or for anyone that wants to use the descriptions to enjoy the work.

We were also delighted to continue our support of Derbyshire’s Shrievalty during 2024/25 and thank Ian Morgan for his fundraising and support of the community and voluntary sector during his year as High Sheriff.

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Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

DERBYSHIRE COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Achievements and performance (continued)

c. Grantmaking

The Foundation delivers public benefit for the residents of Derbyshire and Derby City, through the provision of grant funding. In 2024/25, £927k of funds were distributed throughout Derbyshire (2023/24: £933k), bringing the total value of grants made by the Foundation, since its establishment in 1996, to £20.35 million.

Of the 260 grants awarded during the year, 32 grants (totalling £472k) were in excess of £7,000, reflecting the larger grants that have been distributed during the year on behalf of Derbyshire County Council, supporting food banks and food access projects across Derbyshire County.

43% of grants awarded during the year (totalling £394k) were from our 71 named funds that have been established by generous individuals, families and organisations who want to make a difference and whose grant making criteria reflects their own charitable objectives and the issues and/or areas of Derbyshire that they care about.

Smaller donations, and gifts from donors that do not want to establish a separate named fund, are held within our General Fund. This Fund has no specific priorities and therefore has the flexibility to respond to emerging issues and fund activities that might not meet the criteria of our donor directed funds.

As a result, our funds support a wide and diverse range of issues and activities, from supporting carers, survivors of domestic abuse and isolated elderly residents to providing the people of Derbyshire with access to music, sport, advice, childcare, transport, counselling and a host of other services.

The breadth of our grantmaking by primary issue is shown in the chart below:

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Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

DERBYSHIRE COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Achievements and performance (continued)

Tackling Poverty accounted for 42% of our grantmaking in 2024-25, a reflection of the impact of the cost-of-living crisis and also £357k of Foodbank funding distributed on behalf of Derbyshire County Council during the year.

Stripping out the Derbyshire County Council funding reveals that grant spend by primary issue remains broadly in line with previous years.

Measuring Impact and Understanding Need

Measuring the impact of our grantmaking is a vital part of ensuring that the Foundation continues to be relevant and responsive and not only addresses the need in our county but is able to inspire and inform our donors and funders.

Understanding the challenges and issues within our communities starts at the very beginning of the Foundation’s grant application process, when all groups are encouraged to talk to us about their ideas and projects. Our rigorous assessment then enables us to draw out further information on the need that is being met and our bespoke data base (specifically designed for grant making bodies) enables us to generate visual geographic mapping of deprivation levels, down to LSOA* level

*(Lower-layer Super Output Areas are small areas designed to be of a similar population size, with an average of approximately 1,500 residents or 650 households. There are 32,844 Lower-layer Super Output Areas (LSOAs) in England.

End of grant monitoring provides additional information on the impact of our grantmaking and the difference it has made. As well as reporting on financial spend, this is a group’s chance to tell us how the project went and for us to capture case studies. An “Influence the Funder” section asks for feedback from grant recipients on the ongoing challenges that a group and the communities it serves might be facing. In addition, grant recipients are surveyed on a regular basis and representatives from our district Councils for Voluntary Service (“CVS”s) are represented on our Grants Committee, ensuring their knowledge of the local voluntary and community sector informs our decision making and policy.

This on the ground, lived experience and intelligence is also vital when interpreting the statistical data that we gather on application levels, grantmaking by district, primary issues addressed, groups/project size (reserve levels and income) and indices of multiple deprivation. For example, the IMD ranking for any grant can only be based on a single postcode (usually that of the applicant group) and not the myriad individuals and communities that are being supported. Notwithstanding this, hard data plays an invaluable role in flagging areas and issues where additional focus and resource may be needed.

Our impact measurement and needs analysis information is reviewed at quarterly Grants Committee and Board meetings and provides an opportunity for staff and Trustees to identify trends, as well as spot early warning signs, emerging communities in need and gaps in our provision.

This in turn feeds into our grantmaking strategy and policies, from the philanthropic advice we give to our donors through to how and where we allocate our own resources.

There are estimated to be over 5,000 voluntary and community organisations operating across Derbyshire, including formally registered organisations, such as charities, social enterprises and co-operatives, and a large number of 'below the radar' organisations that are not formally registered or incorporated.

*Centre for Social Justice 2024

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Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

DERBYSHIRE COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Achievements and performance (continued)

Nationally, approximately 50% of organisations are micro in size (annual income under £10,000) but receive only 1% of national voluntary sector income. Indeed, some 85% of all funding goes to just 4% of charities*. And while national charities play a vital role, they often don’t reach our local communities and are therefore only a very small part of the charitable work that support and maintains communities here in Derbyshire. It is therefore at this grassroots level where the Foundation’s grantmaking can and does make a real difference across Derbyshire.

As can be seen from the below chart, 28% of our grantmaking in 2024/25 went to groups with an annual income of under £10,000 and more than 62% of our grantmaking went to groups with annual income of under £100k.

Funding surgeries held across the City and County continue to be a key and effective way of communicating the availability of grants and how to apply for them to potential recipients. During 2024/25 nine community outreach events were organised or attended, including funding surgeries, workshops and presentations for other infrastructure organisations.

d. Equity, Diversity & Inclusion

Foundation Derbyshire is committed to ensuring that the values of equity, diversity, inclusion (EDI) and respect for all inform and are embedded into everything that we do.

EDI is a key element of the Foundation’s strategic plan and work continued throughout the year to support the Foundation’s Board of Trustees and Staff Team to not only fulfil their EDI obligations but to go beyond the legal requirements and understand, promote and implement greater diversity, equity and inclusion and ensure that everyone feels involved and included in our plans, programmes and activities. As part of this work, Diversity Marketplace were invited to deliver a training session with the Board of Trustees during the year on diversity, inclusion and unconscious bias.

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Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

DERBYSHIRE COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Achievements and performance (continued)

e. Volunteers

The Foundation aims to maximise the quality of public benefit delivered by involving members of the public in our grant making decisions. The Foundation has recruited a number of grant advisors (volunteers who live in their panel area and are involved in and have a strong understanding of the voluntary and community sector) as members of the Foundation’s grants committee, to attend meetings and advise on our grant making policy.

This helps us to ensure that funding is directed where it is most needed and that all bids are considered in accordance with the Foundation’s constitutional objectives, the criteria of our funders and donors and the priorities of the communities we are here to support.

The Foundation also manages a number of fund specific panels. Our panels continued to meet during the year, both virtually and in person, and the Board thanks all panel members for their ongoing commitment and contribution to the Foundation, during these challenging times.

f. UKCF

We continue our membership of the national body for community foundations, UKCF, which continues to lobby at a national government and corporate level, in order to promote the capabilities of our national network. During the year we continued to avail of the benefits that UKCF membership brings including:

g. Fund development activity

Our grantmaking is made possible by the generosity of local people, corporates, funders and charitable trusts who recognise the invaluable work that is being done at a grassroots level and use our expertise and local knowledge to invest in their local communities and find and fund those groups that need their help the most.

Building on our position as the county’s trusted philanthropic enabler and advisor continues to be a key priority for the Foundation, as is strengthening and developing the service that we offer to our existing donors, to ensure that their experience of giving through the Foundation is rewarding.

A key initiative that we have reported on in recent years has been a series of feedback sessions with Trustees, that enable donors to share their thoughts about the Foundation in a peer to peer setting and provide us with invaluable insight into why our donors give through the Foundation, the things we do well and the improvements we can make. The results of the first round of these sessions (undertaken during 2023/24) have invaluably informed our donor services, marketing and communications. A second round with a different cohort of donors was completed during the year and the results will be used as part of our strategic planning in 2025/26.

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Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

DERBYSHIRE COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Achievements and performance (continued)

Enabling donors to see, first hand, the impact that their philanthropy is having in their local communities is a highly important aspect of our work. Eight “Seeing is Believing” visits to funded groups took place during the year, along with five “feedback” presentations by groups to donor panels, explaining the difference that their grant funding has made, either via a short video or by meeting the panels in person. The year-round newsletters, case studies and monitoring feedback that we share with Donor panels continue to be well received and enable our volunteer panel members to understand and appreciate the results of their decision making.

Social Media continues to play an important role in communicating the work of the Foundation to both existing and potential grant recipients and donors. Around 930 subscribers receive our e-newsletter and we have over 2,400 followers on X (formerly know as Twitter), 936 Facebook and 388 Instagram followers. Post year end the decision has been taken to leave X and instead use the LinkedIn platform to communicate with our stakeholders.

The website continues to perform exceptionally well, showing strong growth in active users and engagement compared to the previous year. Active users increased by 12.6%, with a significant portion of this growth coming from new users. Organic search remains a key driver of traffic, demonstrating a healthy 6.7% increase and confirming the website's strong visibility. Visitors are spending more time and viewing more pages on the site, with a 15.2% increase in pages viewed per session, indicating visitors are finding more of the content valuable. Reach has expanded in the UK and internationally, suggesting possible opportunities for broader outreach. The data shows the website continues to perform well on both desktop and mobile devices.

Our Friends of Foundation Derbyshire scheme continues to be a vital source of funding that enables us to invest in and improve our services. During the year our Friends donated over £9k, to help us cover our day to day costs and develop our growth, and we thank them all for their invaluable and ongoing support of our work.

h. Foundation Derbyshire Friends

Barbara Ball Matthew Montague Architects Joanne & Tim Basford Ian Morgan Edward Cadogan David Pinder Andrew Cochrane Louise Potter Lady Chichester Barbi Rodger Emma Curzon Robert Shields Bob Graham Charles Stephenson Alexandra Hayward Fiona Stephenson Bill & Gillian Hutchinson Oliver Stephenson William and Griselda Kerr Elizabeth Tarling Longcliffe Quarries Tony Walker

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Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

DERBYSHIRE COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Achievements and performance (continued)

Foundation Derbyshire Lifetime Friends

Duncan Ashby Bill & Gillian Hutchinson Peter Ashworth James Litchfield Helen Bishop Derek & Karen Mapp Arthur Blackwood Nick Mirfin Jeremy Bowler Lady Marion Morris Paul Broadhead Mel Morris David Coleman John Nicholson Mike Copestake David & Lucy Palmer Chris Endsor RobertShields Deborah Fern Rex Stone Sir Richard FitzHerbert Brigadier Edward Wilkinson Peter Gadsby John Wilson Michael Hall Robin Wood Roger Hollick

Financial review

a. Results for the year

Unrestricted Funds

Management fee income of £47.3k was broadly in line with 2023/24 (at £48.6k), due primarily to grant programmes continuing to be distributed on behalf of Derbyshire County Council.

£15.2k of unrestricted donations, £7.1k of investment income and net administration fees of £195.2k from endowed funds resulted in an operating surplus of £32.1k. This left unrestricted reserves at £324k as at 31 March 2025 (31 March 2024: £292k).

Restricted Funds

Foodbank funding totalling £368k from Derbyshire County Council was the main contributor to £491.5k of Restricted Income during the year.

Net grantmaking of £921.2k combined with £379.3k of distributable income transferred from endowed funds to restricted funds during the year (in accordance with the Foundation’s Total Return policy), left a restricted fund balance unspent at 31 March 2025 of £574.9k, £50.3k lower than the balance at 31 March 2024.

This end of year restricted fund balance relates to funds which have not fully distributed their grant making capacity and will be available for grant distribution during 2025/26.

Endowment Fund

£205.1k of new endowed funds were secured during the year.

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Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

DERBYSHIRE COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Volatile market performance resulted in the Foundation’s investments returning an unrealised loss for the year of £106.7k (2023/24: £713.3k gain). Investment income (interest, dividends and rental income) of £350.7k during the year, helped to offset endowment expenses (investment management costs and expenses relating to our investment property) of £36.2k and £574.5k of distributions (relating to transfers under the Foundation’s Total Return Policy) and resulted in a £161.5k decrease in endowed funds during the year to £9.50 million (2023/24: £9.66 million).

b. Reserves policy

The reserves policy was revised in 2007 to reflect a target level of a minimum of four months running costs equating to £77,527. This revision reflected the increased timescales and potential costs of winding down the much larger organisation. Free reserves as at 31 March 2025 were £201,583 (2024: £173,142).

c. Investments policy

Under the Memorandum and Articles of Association, Derbyshire Community Foundation has the power to invest any funds not immediately required for the furtherance of its objects in such investments, securities or property as may be thought fit.

The investment objectives remain as:-

The Trustees have delegated their investment powers to appointed investment managers (currently Rathbones, Cazenove Capital Management and CCLA) on a discretionary basis. In addition, the Office for Civil Society requires that CCLA manage a small portion of the Foundation’s endowment (£436.4k as at 31 March 2025) under the Community First programme.

The investment manager is responsible for carrying out all day-to-day investment decisions including acquisition and realisation of investments. The investment manager is required to exercise the power to give effect to the principles as contained in the Foundation’s Investment Policy and, in particular, must have regard to the need for diversification and suitability of investments selected.

Whilst the Trustees are not involved in the day-to-day operation of the investment portfolio and do not directly influence attainment of a performance target, they assess performance quarterly.

In addition, the appointment of investment managers is reviewed at least every five years by the Trustees.

Investment policy remains to secure a balance between income and capital growth, with a minimum requirement of a 6% total return to support our agreed spending policy.

As at 30 September 2025 the value of the Foundation’s investment portfolio was £11,079k (as at the balance sheet date of 31 March 2025: £10,133k).

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Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

DERBYSHIRE COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

d. Going concern

The Trustees have prepared forecasts of income and expenditure to 31 March 2028 and subjected these to sensitivity analysis. These show they have sufficient reserves and cash to continue in operational existence for the foreseeable future. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

e. Principal risks and uncertainties

The Foundation has developed a Risk Management Register that details the risks to which the charity is exposed in the key areas of governance, finance, personnel, grant making, donor services, management, environment and premises.

Along with the potential impact of those risks, the probability of them occurring and the mitigating action required is also outlined, to assist with:

Major risks to which the Foundation is currently exposed and systems or procedures established to manage those risks are:

  1. Loss of revenue / discontinuation of major donation(s)

  2. The Foundation’s strategic planning process is on a three year rolling basis and donor care and development is a key element of this process. In addition, the Finance Committee monitors investment performance and reviews appropriateness of Total Return Policy distribution levels on an ongoing basis. Budgets are established at the beginning of each financial year and reviewed quarterly by the Finance Committee, along with cash flow and P&L performance.

  3. Stock Market volatility and/or poor performance The Foundation utilises the services of three investment managers in order to mitigate poor investment management performance and monitors their performance closely (including face to face meetings every 6 months). In addition, the appropriateness of distribution levels is reviewed alongside investment performance information.

  4. Inadequate planning/forecasting

An annual Board/Senior Management Strategy session ensures that both staff and Trustees are involved in setting targets and that these are not only relevant but that an appropriate balance between realistic and challenging is maintained.

Page 15

Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

DERBYSHIRE COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Structure, governance and management

a. Constitution

The charitable company is limited by guarantee without having a share capital and the liability of the members is limited to £1 each. The charitable company is governed by its Memorandum and Articles of Association and is a registered charity.

b. Methods of appointment or election of trustees

As of the 2010 AGM, at which amendments to the Articles of Association were approved, Trustees serve for a four year term. Trustees must retire at the AGM following their completion of four years’ service, but may stand for re-election, subject to a maximum of three consecutive four-year terms.

To ensure that board transparency and effectiveness are not compromised, re-election is subject to satisfactory performance and the achievement of minimum performance standards.

The Board has the power at any time to appoint any person to be a Trustee, either to fill a casual vacancy or as an addition to the existing Trustees, subject to the total number of Trustees at any time not exceeding sixteen. Any Trustee appointed holds office only until the next following AGM, and then becomes eligible for re election.

New Trustees are found from the contacts and networks of existing Trustees. The Board regularly undertakes skills audits, in order to identify skills gaps amongst existing Trustees and to enable it to seek new Trustees with the skills and experience to fill these gaps.

c. Organisational structure and decision-making policies

The Board of Trustees administers the charity. The Board meets quarterly and there are sub-committees covering Finance, Development, Grant Making and EDI.

The Chief Executive is appointed by the Trustees and manages the day to day operations of the charity, working within terms of delegation, approved by the Trustees, for operational matters including finance, employment, fund development and grant making related activities.

d. Policies adopted for the induction and training of trustees

New Trustees attend an induction meeting, at which they are briefed on their legal obligations under charity and company law, the content of the Memorandum and Articles of Association, the committees and decision making processes, the business plan, staffing structure and recent financial performance of the charity.

e. Governance and management

The Board of Trustees plays an important part in fulfilling the Foundation’s purpose and vision. Our goal continues to be that we maximise public benefit by ensuring that we:

Page 16

Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

DERBYSHIRE COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Structure, governance and management (continued)

A Board skills audit is conducted on a regular basis and is used to inform the Trustee recruitment process. The Board is committed to ensuring that new Trustees have the skills and expertise required for the future growth and development of the Foundation and are reflective of the communities that we serve.

The Foundation now employs a core staff of one full time and three part time employees (2.93 FTE) and continues to manage a significant grants budget and increasing number of named endowment funds. To enable us to maintain our efficiency and probity, ongoing work on our infrastructure, including policies, operational standards and management practice, continued as an ongoing priority.

Remuneration of key management personnel is reviewed on an annual basis by the Foundation’s Finance Committee and their recommendations are then submitted to the Board for approval.

f. Employees

The Trustees would like to formally express their appreciation to all employees and the members of our grant making panels for their contribution to another successful year.

g. Trustees

The Trustees who have held office during the year are listed on page 1.

The Board thanks all members for their contribution to another successful year for Derbyshire Community Foundation.

h. Fundraising standards information

The Foundation does not use professional fund-raisers or commercial participators to carry out fundraising activities on its behalf and does not use direct marketing, telephone, doorstep or on-street fundraising.

The charity has been registered with the Fundraising Regulator since May 2021 and is therefore subject to an undertaking to be bound by a voluntary scheme for regulating fund-raising, or voluntary standard for fund-raising in respect of its activities.

The Foundation has developed a Donor Care policy that sets out the practices and commitment we make to all of our supporters, as part of our fundraising ethos and working practice.

Plans for future periods

Our Strategic Plan continues to be used as the basis of the action plan and progress against targets is reported to, and reviewed at, quarterly Board meetings.

Page 17

Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

DERBYSHIRE COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Plans for future periods (continued)

The current strategic plan was the subject of several Trustee Strategic planning sessions with senior staff when it was agreed that our overarching strategic objectives remain relevant and fit for purpose for the 2023 – 2027 period, namely:

This strategic review also focused on the projects and actions that are needed to deliver these objectives over this four year period and the most appropriate measures of our success. Work on a Strategic Plan that will take the organisation through to 2030/31 will begin during 2025/26.

Statement of trustees' responsibilities

The trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial . Under company law, the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditor

So far as the trustees are aware:

Page 18

Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

DERBYSHIRE COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Auditor

The auditor, BHP LLP, has indicated their willingness to continue in office. The designated trustees will propose a motion reappointing the auditor at a meeting of the trustees.

Approved by order of the members of the board of trustees and signed on their behalf by:

Signer ID: UOS82TH9EU... ................................................

William Kerr Treasurer Date: 11/11/2025 GMT

Page 19

Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

(A Company Limited by Guarantee)

DERBYSHIRE COMMUNITY FOUNDATION

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF DERBYSHIRE COMMUNITY FOUNDATION

Opinion

We have audited the financial statements of Derbyshire Community Foundation (the ‘charitable company’) for the year ended 31 March 2025, which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the trustees' report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Page 20

Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

DERBYSHIRE COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF DERBYSHIRE COMMUNITY FOUNDATION (CONTINUED)

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report included within the trustees' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Page 21

Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

DERBYSHIRE COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF DERBYSHIRE COMMUNITY FOUNDATION (CONTINUED)

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We assessed the susceptibility of the entity’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

To address the risk of fraud through management bias and override of controls, we

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the FRC's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Page 22

Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

DERBYSHIRE COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF DERBYSHIRE COMMUNITY FOUNDATION (CONTINUED)

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Signer ID: MN4ILSDMBK... Nicola O'Sullivan (Senior statutory auditor)

for and on behalf of

BHP LLP

Chartered Accountants Statutory Auditor One Waterside Place Basin Square Brimington Road Chesterfield Derbyshire S41 7FH

Date: 13/11/2025 GMT

Page 23

Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

DERBYSHIRE COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025

Note
Income and
endowments from:
Donations and legacies
4
Charitable activities
5
Other trading activities
6
Investments
7
Total income and
endowments
Expenditure on:
Raising funds
8
Charitable activities
8
Total expenditure
Net (expenditure)/
income before net
gains/ (losses) on
investments
Net (losses)/gains on
investments
16
Net (expenditure)/
income
Transfers between funds
21
Net movement in funds
Reconciliation of funds:
Total funds brought
forward
Net movement in funds
Total funds carried
forward		 Unrestricted
funds
2025
£
15,172
47,273
-
7,100
69,545
17,108
215,474
232,582
(163,037)
-
(163,037)
195,168
32,131
291,999
32,131
324,130		 Restricted
funds
2025
£
483,142
-
8,346
-
491,488
-
921,151
921,151
(429,663)
-
(429,663)
379,323
(50,340)
625,215
(50,340)
574,875		 Endowment
funds
2025
£
205,114
-
-
350,718
555,832
36,176
-
36,176
519,656
(106,671)
412,985
(574,491)
(161,506)
9,662,677
(161,506)
9,501,171		 Total
funds
2025
£
703,428
47,273
8,346
357,818
1,116,865
53,284
1,136,625
1,189,909
(73,044)
(106,671)
(179,715)
-
(179,715)
10,579,891
(179,715)
10,400,176		 Total
funds
2024
£
832,983
48,637
200
339,440
1,221,260
44,818
1,106,150
1,150,968
70,292
713,263
783,555
-
783,555
9,796,336
783,555
10,579,891

The Statement of Financial Activities complies with the requirements for an income and expenditure account under the Companies Act 2006 and includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

Page 24

Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

DERBYSHIRE COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

REGISTERED NUMBER: 02893759

BALANCE SHEET

AS AT 31 MARCH 2025

Note
Fixed assets
Tangible assets
14
Heritage assets
15
Investments
16
Investment property
17
Current assets
Debtors
18
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one year
19
Net current assets / liabilites
Total assets less current liabilities
Creditors: amounts falling due after more than
one year
20
Total net assets
Charity funds
Endowment funds (includes revaluation reserve
of £2,364,640 (2024: £2,564,995)
21
Restricted funds
21
Unrestricted funds
21
Total funds		 74,760
101,111
175,871
(114,898)		 2025
£
170,996
79,526
10,133,192
15,000
10,398,714
60,973
10,459,687
(59,511)
10,400,176
9,501,171
574,875
324,130
10,400,176		 20,538
137,434
157,972
(213,872)		 2024
£
171,940
79,526
10,433,809
15,000
10,700,275
(55,900)
10,644,375
(64,484)
10,579,891
9,662,677
625,215
291,999
10,579,891

Page 25

Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

DERBYSHIRE COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the trustees and signed on their behalf by:

Signer ID: UOS82TH9EU................................................... William Kerr Treasurer Date: 11/11/2025 GMT

The notes on pages 28 to 56 form part of these financial statements.

Page 26

Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

DERBYSHIRE COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2025

Note
Cash flows from operating activities
Net cash used in operating activities
24
Cash flows from investing activities
Dividends, interest and rents from investments
Purchase of tangible fixed assets
Proceeds from sale of investments
Purchase of investments
Net cash provided by investing activities
Cash flows from financing activities
Repayments of borrowings
Net cash used in financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
25		 2025
£
(582,867)
357,818
(586)
941,955
(833,048)
466,139
(4,634)
(4,634)
(121,362)
246,690
125,328		 2024
£
(311,245)
339,440
(458)
751,613
(876,749)
213,846
(4,335)
(4,335)
(101,734)
348,424
246,690

Page 27

Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

DERBYSHIRE COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. General information

The charitable company is a company limited by guarantee incorporated in England and Wales. The members of the company are the trustees named on page 1. In the event of the charitable company being wound up, the liability in respect of the guarantee is limited to £1 per member of the charitable company.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Derbyshire Community Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The financial statements are presented in sterling, which is the functional currency of the charity, and rounded to the nearest £1.

2.2 Going concern

The Trustees have prepared forecasts of income and expenditure to 31 March 2027 and subjected these to sensitivity analysis. These show they have sufficient reserves and cash to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

2.3 Income

All income is recognised once the charitable company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the charitable company has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the charitable company, can be reliably measured.

Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Where the donated good is a fixed asset, it is measured at fair value, unless it is impractical to measure this

Page 28

Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

(A Company Limited by Guarantee)

DERBYSHIRE COMMUNITY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2. Accounting policies (continued)

2.3 Income (continued)

reliably, in which case the cost of the item to the donor should be used. The gain is recognised as income from donations and a corresponding amount is included in the appropriate fixed asset class and depreciated over the useful economic life in accordance with the charitable company's accounting policies.

Interest and dividends are included in the financial statements on an accruals basis. Tax recoverable on the above is accounted for on a receivable basis.

Investment income is allocated to restricted or unrestricted funds by reference to the nature of the underlying funds generating the income.

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources.

Raising funds costs are those incurred in seeking the voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Investment management fees are also included under this heading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the charitable company's objectives, as well as any associated support costs.

Grants payable are recognised as expenditure when the commitment is made.

All expenditure is inclusive of irrecoverable VAT.

2.5 Taxation

The charitable company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charitable company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Page 29

Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

DERBYSHIRE COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2. Accounting policies (continued)

2.6 Tangible fixed assets and depreciation

Tangible fixed assets costing £300 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Freehold property - no depreciation (see note below)
Office equipment - 20% straight line
Computer equipment - 20% straight line

No depreciation has been charged on freehold property as in the view of the Trustees, based on the estimated residual value and a useful economical life of 25 years, the annual depreciation charge would be immaterial.

2.7 Heritage assets

Artwork is capitalised at its value on donation or insurance valuation. No depreciation is provided as the residual value is considered to be at least equal to the valuation. Any excess of market value (i.e. insurance value) over the value on donation is credited to the Statement of Financial Activities.

Heritage assets are reviewed for evidence of impairment annually. In the view of the trustees, this is reasonable when considering the condition of the artwork and its potential for resale and/ or generating income.

2.8 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of Financial Activities.

Investments held as fixed assets are shown at cost less provision for impairment.

2.9 Investment property

Investment properties are included in the balance sheet at their open market value in accordance with FRS 102 and are not depreciated.

Page 30

Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

(A Company Limited by Guarantee)

DERBYSHIRE COMMUNITY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2. Accounting policies (continued)

2.10 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.11 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.12 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the charitable company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.

2.13 Financial instruments

The charitable company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.14 Operating leases

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the lease term.

2.15 Pensions

The charitable company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charitable company to the fund in respect of the year.

Page 31

Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

DERBYSHIRE COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2. Accounting policies (continued)

2.16 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charitable company and which have not been designated for other purposes.

Endowment funds represent those assets which are expendable by the charity. Income arising on the endowment funds is included as endowment income. Any capital gains or losses arising on the investments form part of the fund. Investment management charges and legal advice relating to the fund are charged against the fund.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charitable company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

2.17 Employee benefits

When employees have rendered service to the charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

3. Critical accounting estimates and areas of judgement

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

The charitable company makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.

Allocation of investment income, management costs and gains/ losses - these are allocated to funds by reference to the nature of the underlying funds which generated the income, incurred the costs or made the gain/ loss. Any misallocation could result in a material misstatement of fund balances and impact free reserves reported in these financial statements.

Page 32

Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

DERBYSHIRE COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4. Income from donations and legacies

Donations
Legacies
Grants
Total 2024		 Unrestricted
funds
2025
£
15,172
-
-
15,172
9,040		 Restricted
funds
2025
£
-
-
483,142
483,142
513,615		 Endowment
funds
2025
£
193,357
11,757
-
205,114
310,328		 Total
funds
2025
£
208,529
11,757
483,142
703,428
832,983		 Total
funds
2024
£
346,973
30,610
455,400
832,983

5. Income from charitable activities

Administration fees
Total 2024		 Unrestricted
funds
2025
£
47,273
48,637		 Total
funds
2025
£
47,273
48,637		 Total
funds
2024
£
48,637

Page 33

Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

DERBYSHIRE COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

6. Other trading activities

Income from fundraising events

Contribution and commission for
Jonathan Vickers Fine Art Awards
Total 2024		 Restricted
funds
2025
£
8,346
200		 Total
funds
2025
£
8,346
200		 Total
funds
2024
£
200

7. Investment income

Rental income
Bank interest and dividends received
Total 2024		 Unrestricted
funds
2025
£
-
7,100
7,100
14,015		 Endowment
funds
2025
£
130
350,588
350,718
325,425		 Total
funds
2025
£
130
357,688
357,818
339,440		 Total
funds
2024
£
-
339,440
339,440

Page 34

Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

DERBYSHIRE COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

8. Expenditure by fund Unrestricted
funds		 Restricted
funds		 Endowment
funds		 Total
funds		 Total
funds
2025 2025 2025 2025 2024
£ £ £ £ £
Expenditure on raising funds
Fundraising (note 9) 17,108 - - 17,108 12,665
Investment management fees - - 36,176 36,176 32,153
17,108 - 36,176 53,284 44,818
Expenditure on charitable
activities
Grants payable/ restricted fund
expenditure(note 11)		 - 921,151 - 921,151 922,967
Support costs(note 9) 208,617 - - 208,617 176,445
Management and admin (note 9) 6,857 - - 6,857 6,738
215,474 921,151 - 1,136,625 1,106,150
Total 2025 232,582 921,151 36,176 1,189,909 1,150,968
Total 2024 195,848 922,967 32,153 1,150,968

Page 35

Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

DERBYSHIRE COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

9. Expenditure - fundraising, support costs and management and admin

Support costs Management
and admin		 Fundraising Total
funds		 Total
funds
2025 2025 2025 2025 2024
£ £ £ £ £
Wages and salaries 110,711 59 10,519 121,289 89,896
Other staff costs 1,181 150 64 1,395 2,047
Fundraisingcosts - - 3,675 3,675 287
Utilities and insurances 5,331 704 302 6,337 7,118
Office and meetingcosts 12,633 1,668 715 15,016 4,233
Computer costs 11,318 1,495 641 13,454 13,621
Finance costs 3,553 469 201 4,223 4,753
Publicityand communications 3,125 413 177 3,715 10,955
Legal andprofessional 14,384 1,899 814 17,097 19,816
Depreciation 1,530 - - 1,530 1,769
Governance costs(note 10) 44,851 - - 44,851 41,353
Total 2025 208,617 6,857 17,108 232,582 195,848
Total 2024 176,445 6,738 12,665 195,848

10. Governance costs

Unrestricted
funds		 Restricted
funds		 Endowment
funds		 Total
funds		 Total
funds
2025 2025 2025 2025 2024
£ £ £ £ £
Auditor's remuneration 19,962 - - 19,962 19,008
Other costs 400 - - 400 205
Salaries and national insurance 24,489 - - 24,489 22,140
Total 2025 44,851 - - 44,851 41,353
Total 2024 41,353 - - 41,353

Page 36

Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

DERBYSHIRE COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

11. Grants payable/ restricted fund expenditure

2025 2025 2024 2024
Number £ Number £
Grants to Community Groups & Voluntary
Organisations(see below)		 258 924,418 267 917,549
Grants to individuals 2 2,500 59 15,350
Withdrawn/underspentgrants - (24,541) - (33,069)
Other restricted expenditure - 18,774 - 23,137
Total 2025 260 921,151 326 922,967
Analysis of grants paid to organisations
Ambergate Primary School
Ashbourne Foodbank
Canaan Trust
Chesterfield Foodbank
Clay Cross Foodbank
Derby Food 4 Thought Alliance
Derby Museums
Derby Theatre
Eckington Development Company
Every One Eats
Firs Estate Allotments Assocation
Freedom Community
Friends of Hurst Farm
Gussies Pantry
Hadfield Coming Together
Heage Primary School
Jigsaw Foodbank
Kirk Hallam Community Hall Association
Life Cycle
Local Welcome
Carried forward		 2025
£
-
18,900
17,000
20,000
17,472
15,000
-
-
20,000
13,450
-
20,000
-
10,300
16,382
25,000
-
20,000
-
-
213,504		 2024
£
19,895
15,000
10,221
15,000
13,825
-
10,716
15,000
14,882
-
15,000
15,000
15,000
15,000
13,350
31,494
11,117
13,824
15,000
15,663
274,987

Page 37

Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

DERBYSHIRE COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Analysis of grants paid to organisations (continued)
Brought forward
New Hope Community Church
New Mills Youth and Community Project C.I.C.
Oscari
Pathways of Chesterfield
Play And Recycling Centre
Redeeming Our Communities
Rhubarb Farm CIC
Safe and Sound
Saffron Kitchen Chesterfield
Sporting Communities CIC
St John's Church, Long Eaton
Staywell Derby CIC
South Derbyshire CVS
The Brook Community Church and Centre
The Edge Ministries
The Zink Project CIO
Trinity Baptist Church
Viva Chamber Orchestra
Welcome on Wednesday
Grants under £10k by category
Arts, Culture and Heritage
Community Cohesion
Community Safety / Reducing Crime & Anti-social Behaviour
Disability and Access Issues
Education, Training and Lifeskills
Environmental Issues (inc: public spaces)
Mental Health
Social Care / Inclusion
Sports / Exercise for Health
Supporting Family Life
Tackling Poverty		 2025
£
213,504
19,500
16,886
17,000
-
-
15,000
10,481
12,000
10,300
12,023
-
-
13,400
16,500
16,980
17,000
-
-
14,418
67,708
69,387
15,806
17,790
53,450
7,282
53,188
53,795
44,616
52,440
83,964
924,418		 2024
£
274,987
-
13,083
-
11,190
27,000
-
13,321
-
-
-
12,675
-
-
14,750
11,402
15,000
12,300
-
-
44,354
18,822
10,234
30,918
27,764
18,567
33,416
33,308
49,937
31,317
213,204
917,549

Page 38

Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

DERBYSHIRE COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

12. Auditor's remuneration

2025 2024
£ £
Fees payable to the charitable company's auditor for the audit of the charitable
company's annual accounts 11,595 11,040
Fees payable to the charitable company's auditor in respect of:
All taxation advisory services not included above - 1,100
All non-audit services not included above 5,040 4,800

13. Staff costs

Wages and salaries
Social security costs
Pension scheme costs
Health scheme costs		 2025
£
130,626
8,188
6,437
527
145,778		 2024
£
101,621
4,351
5,556
508
112,036

Page 39

Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

DERBYSHIRE COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

13. Staff costs (continued)

The average number of persons employed by the charitable company during the year was as follows:

Grant support
Management		 2025
No.
3
1
4		 2024
No.
3
1
4

The average headcount expressed as full-time equivalents was:

Allocated to charitable activities
Allocated to management, administration and fundraising		 2025
No.
2.47
0.46
2.93		 2024
No.
2.22
0.40
2.62

No employee received remuneration amounting to more than £60,000 in either year.

During either year, no trustee received any remuneration or benefits in kind.

The total amount of employee benefits (including employers NI and pension contributions) received by key management personnel were £111,122 (2024: £96,240). The charity considers its key management personnel to be the Chief Executive Officer and Assistant Director of Grants.

Page 40

Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

DERBYSHIRE COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

14. Tangible fixed assets

Cost
At 1 April 2024
Additions
At 31 March 2025
Depreciation
At 1 April 2024
Charge for the year
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024		 Freehold
property
£
169,009
-
169,009
-
-
-
169,009
169,009		 Office
equipment
£
1,960
586
2,546
1,438
250
1,688
858
522		 Computer
equipment
£
7,153
-
7,153
4,744
1,280
6,024
1,129
2,409		 Total
£
178,122
586
178,708
6,182
1,530
7,712
170,996
171,940

Page 41

Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

DERBYSHIRE COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

15. Heritage assets

Assets recognised at valuation

Market value at 1 April 2024
Market value at 31 March 2025		 Artwork
2025
£
79,526
79,526

Artwork relates to the holding of pieces of art donated by or purchased from artists. The Board reviewed holdings during the year and determined that the valuation of works continued to be appropriate for the current year.

Analysis of heritage asset transactions

Donations
Artwork
Total additions		 2025
£
-
-		 2024
£
-
-		 2023
£
-
-		 2022
£
-
-		 2021
£
17,210
17,210

Page 42

Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

DERBYSHIRE COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

16. Fixed asset investments

Listed
investments		 Total
2025		 Total
2024
£ £ £
Cost or valuation
At 1 April 2024 10,324,553 10,324,553 9,377,690
Additions 833,048 833,048 985,213
Disposals (941,955) (941,955) (751,613)
Revaluations (106,671) (106,671) 713,263
At 31 March 2025 10,108,975 10,108,975 10,324,553
Investment cash 24,217 24,217 109,256
At 31 March 2025 10,133,192 10,133,192 10,433,809
Historical cost 7,636,747 7,636,747 7,651,969
Investments at market value comprise 2025 2024
£ £
Cazenove CharityMulti Asset Fund 4,323,023 4,540,363
CCLA Investment Management Ltd 1,908,070 2,001,316
Rathbones Investments Management 3,902,099 3,892,130
10,133,192 10,433,809

The investments consist of monies held in externally managed portfolios in a mixture of UK and foreign investments, and are shown at market value as at 31 March 2025.

Page 43

Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

DERBYSHIRE COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

17. Investment property

Valuation
At 1 April 2024
At 31 March 2025		 Investment
property
£
15,000
15,000

The investment land was valued at £15,000 by a Chartered Surveyor, Jeremy Wilson BSc, FRICS, on a market value basis on 9 March 2023.

18. Debtors

Trade debtors
Other debtors
Prepayments and accrued income		 2025
£
6,000
67,676
1,084
74,760		 2024
£
20
19,824
694
20,538

19. Creditors: Amounts falling due within one year

Mortgage repayments due within one year
Other taxation and social security
Other creditors
Accruals
Grants payable (i.e. awaiting contract return)		 2025
£
5,012
11,864
5,846
23,111
69,065
114,898		 2024
£
4,673
11,492
7,342
20,979
169,386
213,872

Page 44

Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

DERBYSHIRE COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

20. Creditors: Amounts falling due after more than one year

2025 2024
£ £
Mortgage repayments due after one year 59,511 64,484

The aggregate amount of liabilities payable or repayable wholly or in part more than five years after the reporting date is:

Payable or repayable by instalments 2025
£
35,484
35,484		 2024
£
42,118
42,118

The mortgage is secured by a legal charge over the charitable company's freehold property (Unit 2, Heritage Business Centre, Belper, Derbyshire, DE56 1SW).

Page 45

Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

DERBYSHIRE COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

21. Statement of funds

Statement of funds - current year

Unrestricted
funds
Designated funds
Golf day funds
General funds
General funds
Total Unrestricted
funds
Endowment funds
(expendable)
Discretionary
Funds
J Vickers Fund
Donor Directed
Funds
Community First
Funds		 Balance at 1
April 2024
£
16,074
275,925
291,999
439,521
269,591
8,491,918
461,647
9,662,677		 Income
£
-
69,545
69,545
29,252
6,951
519,629
-
555,832		 Expenditure
£
-
(232,582)
(232,582)
(1,775)
(757)
(33,644)
-
(36,176)		 Transfers
in/out
£
-
195,168
195,168
(26,482)
(11,103)
(532,981)
(3,925)
(574,491)		 Gains/
(Losses)
£
-
-
-
(4,200)
(1,718)
(79,426)
(21,327)
(106,671)		 Balance at 31
March 2025
£
16,074
308,056
324,130
436,316
262,964
8,365,496
436,395
9,501,171

Page 46

Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

DERBYSHIRE COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

21. Statement of funds (continued)

Restricted funds
Tom Carey
Assist Grassroots
Grant Revenue
Derbyshire
Building Society
SDLF
Rolls-Royce plc
Fund
S.D.C.C.T.E
Freemasons GR
Made by Sport
Proceeds of Crime
Fund
Randall
Foundation
Flood Relief Fund
Ashby Fund
Jefford- Weller
Fund
DCC Winter
Access Fund
Other named
funds
Total of funds		 Balance at 1
April 2024
£
39,557
47,077
37,067
61,088
35,184
15,742
5,464
58
-
-
3,481
19,824
4,610
28,250
327,813
625,215
10,579,891		 Income
£
-
-
-
-
-
-
-
-
37,461
30,000
-
-
-
368,000
56,027
491,488
1,116,865		 Expenditure
£
(90,782)
(49,400)
-
-
-
-
(17,920)
-
(23,648)
(30,000)
400
(46,824)
(14,620)
(356,750)
(291,607)
(921,151)
(1,189,909)		 Transfers
in/out
£
77,452
3,974
2,614
7,544
11,831
-
18,230
-
-
-
-
38,730
9,718
-
209,230
379,323
-		 Gains/
(Losses)
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(106,671)		 Balance at 31
March 2025
£
26,227
1,651
39,681
68,632
47,015
15,742
5,774
58
13,813
-
3,881
11,730
(292)
39,500
301,463
574,875
10,400,176

Page 47

Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

DERBYSHIRE COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

21. Statement of funds (continued)

Statement of funds - prior year

Unrestricted
funds
Designated funds
Golf day funds
General funds
General funds
Total Unrestricted
funds
Endowment funds
(expendable)
Discretionary
Funds
J Vickers Fund
Donor Directed
Funds
Community First
Funds		 Balance at
1 April 2023
£
-
221,781
221,781
381,141
260,278
7,811,973
423,657
8,877,049		 Income
£
-
71,692
71,692
50,769
6,673
578,311
-
635,753		 Expenditure
£
-
(195,848)
(195,848)
(1,535)
(693)
(29,925)
-
(32,153)		 Transfers
in/out
£
16,074
178,300
194,374
(23,502)
(10,838)
(496,895)
-
(531,235)		 Gains/
(Losses)
£
-
-
-
32,648
14,171
628,454
37,990
713,263		 Balance at
31 March
2024
£
16,074
275,925
291,999
439,521
269,591
8,491,918
461,647
9,662,677

Page 48

Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

DERBYSHIRE COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

21. Statement of funds (continued)

Restricted funds
Tom Carey
Assist Grassroots
Grant Revenue
Derbyshire
Building Society
SDLF
Rolls-Royce plc
Fund
S.D.C.C.T.E
Freemasons GR
Made by Sport
Flood Relief Fund
Ashby Fund
Golf day
Jefford- Weller
Fund
Let's Create
Jubilee Fund
DCC Winter
Access Fund
Other named
funds
Total of funds		 Balance at
1 April 2023
£
92,167
43,317
34,594
52,060
21,154
15,742
9,577
58
12,481
15,794
16,074
6,402
309
3,792
373,985
697,506
9,796,336		 Income
£
-
-
-
-
-
-
-
-
-
-
-
-
-
368,000
145,815
513,815
1,221,260		 Expenditure
£
(125,882)
-
-
-
-
-
(21,222)
-
(9,000)
(32,609)
-
(10,985)
(309)
(343,542)
(379,418)
(922,967)
(1,150,968)		 Transfers
in/out
£
73,272
3,760
2,473
9,028
14,030
-
17,109
-
-
36,639
(16,074)
9,193
-
-
187,431
336,861
-		 Gains/
(Losses)
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
713,263		 Balance at
31 March
2024
£
39,557
47,077
37,067
61,088
35,184
15,742
5,464
58
3,481
19,824
-
4,610
-
28,250
327,813
625,215
10,579,891

Page 49

Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

DERBYSHIRE COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

21. Statement of funds (continued)

Purpose of designated funds

Golf day funds are related to the fundraising proceeds from the Foundation's annual charity golf day.

Purpose of endowment funds

Discretionary Funds grants are allocated at the Trustees’ discretion to meet current community needs.

J Vickers Fund was established with a donation from the estate of the late Jonathan Vickers and distributions are used to fund and administer the Jonathan Vickers Fine Art Award.

Donor Directed Funds are where the donor chooses which projects to support by establishing grantmaking criteria and may also be involved in the grantmaking decisions.

Community First Funds are the Donor Directed Community First Funds held on trust in perpetuity separately from the charitable company's own assets.

Purpose of restricted funds

Tom Carey fund is a named donor directed endowment fund that provides support to new and existing community activity in the Abbey ward of Derby City.

Assist Grassroots Grant Revenue is a named donor directed fund established to support groups providing opportunities for people to gain new skills, qualifications or work experience.

Derbyshire Building Society fund was established in 2004 as part of the Society’s wider ongoing commitment to support and improve life within our county.

SDLF fund supports community and voluntary groups offering opportunities for people to gain new skills, which will ultimately allow people to enter or re-enter the world of employment.

Rolls-Royce plc Fund is one of the Foundation's founding funds and was established to provide long term support to local groups and activities in Derbyshire. Every year the Foundation works alongside Rolls-Royce to develop a grant theme, responding to local needs, topics and concerns.

S.D.C.C.T.E is a named fund established to provide core cost funding for the Foundation.

Freemasons GR fund has been established by the Freemasons of Derbyshire Provincial Grand Charity to support community life and tackle disadvantage across Derbyshire by supporting community and voluntary groups and charities.

Made by Sport - administered on behalf of Made by Sport to support clubs and community organisations that intentionally use sport or exercise to develop young people’s lives.

Proceeds of Crime fund - provides grants to support local charitable and voluntary organisations who, through prevention, intervention or diversion are working in Derby City and/or Derbyshire to address the sources and causes of crime and/or the rehabilitation of offenders.

Page 50

Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

DERBYSHIRE COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Randal Foundation Programme provides grants to support mental health and well-being.

Flood Relief Fund was launched by Foundation Derbyshire in November 2019 in response to the floods that affected parts of Derbyshire and Derby City. The Fund is now used to help individuals, families and communities that are affected by future floods.

Ashby Fund - aims to improve the quality of life for Derbyshire residents and to tackle inequalities and disadvantages faced in local communities, with a preference for groups operating in rural areas or projects focusing on heritage and arts & culture.

The Jefford Weller Fund supports individuals and groups who are working with homelessness and housing issues in Derbyshire.

DCC Winter Access Fund is distributed on behalf of Derbyshire County Council to Derbyshire food banks and community food projects that are supporting vulnerable people who are experiencing financial crisis and food insecurity to access food.

Other named funds are the grant revenue pots of the remaining discretionary and donor directed named endowment funds, which are held as part of the Foundation's endowment and flow through funds managed by the Foundation.

Transfers between funds

Transfers into restricted funds, totalling £379,323 and unrestricted funds of £195,168 relate primarily to distributable income for grant making and administration that was transferred in accordance with the Foundation's Total Return Policy in relation to the management of the investment portfolio. These transfers were made from the Foundation's Endowment Fund into General Funds and the grant revenue pots of the 64 discretionary and donor directed named endowment funds, which have been established with the Foundation.

Page 51

Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

DERBYSHIRE COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

22. Summary of funds

Summary of funds - current year

Designated funds
General funds
Endowment funds
Restricted funds		 Balance at 1
April 2024
£
16,074
275,925
9,662,677
625,215
10,579,891
- prior year
Balance at
1 April 2023
£
-
221,781
8,877,049
697,506
9,796,336		 Income
£
-
69,545
555,832
491,488
1,116,865
Income
£
-
71,692
635,753
513,815
1,221,260		 Expenditure
£
-
(232,582)
(36,176)
(921,151)
(1,189,909)
Expenditure
£
-
(195,848)
(32,153)
(922,967)
(1,150,968)		 Transfers
in/out
£
-
195,168
(574,491)
379,323
-
Transfers
in/out
£
16,074
178,300
(531,235)
336,861
-		 Gains/
(Losses)
£
-
-
(106,671)
-
(106,671)
Gains/
(Losses)
£
-
-
713,263
-
713,263		 Balance at 31
March 2025
£
16,074
308,056
9,501,171
574,875
10,400,176
Balance at
31 March
2024
£
16,074
275,925
9,662,677
625,215
Summary of funds
Designated funds
General funds
Endowment funds
Restricted funds
10,579,891

Page 52

Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

DERBYSHIRE COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

23. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets
Fixed asset investments
Investment property
Heritage assets
Current assets
Creditors due within one year
Creditors due in more than one year
Total
Analysis of net assets between funds - prior year
Tangible fixed assets
Fixed asset investments
Investment property
Heritage assets
Current assets
Creditors due within one year
Creditors due in more than one year
Total		 Unrestricted
funds
2025
£
170,996
-
-
-
258,478
(45,833)
(59,511)
324,130
Unrestricted
funds
2024
£
171,940
-
-
-
229,029
(44,486)
(64,484)
291,999		 Restricted
funds
2025
£
-
-
-
-
643,940
(69,065)
-
574,875
Restricted
funds
2024
£
-
-
-
-
794,601
(169,386)
-
625,215		 Endowment
funds
2025
£
-
10,133,192
15,000
79,526
(726,547)
-
-
9,501,171
Endowment
funds
2024
£
-
10,433,809
15,000
79,526
(865,658)
-
-
9,662,677		 Total
funds
2025
£
170,996
10,133,192
15,000
79,526
175,871
(114,898)
(59,511)
10,400,176
Total
funds
2024
£
171,940
10,433,809
15,000
79,526
157,972
(213,872)
(64,484)
10,579,891

Page 53

Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

DERBYSHIRE COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

24. Reconciliation of net movement in funds to net cash flow from operating activities

Net (expenditure)/income for the year (as per Statement of Financial Activities)
Adjustments for:
Depreciation charges
Net losses/(gains) on investments
Dividends, interest and rents from investments
(Increase)/decrease in debtors
(Decrease)/increase in creditors
Donation of investment property
Donation of fixed asset investment
Net cash used in operating activities		 2025
£
(179,715)
1,530
106,671
(357,818)
(54,222)
(99,313)
-
-
(582,867)		 2024
£
783,555
1,769
(713,263)
(339,440)
17,604
61,994
(15,000)
(108,464)
(311,245)

25. Analysis of cash and cash equivalents

Cash in hand
Cash held in the investment portfolio
Total cash and cash equivalents		 2025
£
101,111
24,217
125,328		 2024
£
137,434
109,256
246,690

Page 54

Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

(A Company Limited by Guarantee)

DERBYSHIRE COMMUNITY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

26. Analysis of changes in net debt

Cash at bank and in hand
Cash in investments
Debt due within 1 year
Debt due after 1 year		 At 1 April
2024
£
137,434
109,256
(4,673)
(64,484)
177,533		 Cash flows
£
(36,323)
(85,039)
(339)
4,973
(116,728)		 At 31 March
2025
£
101,111
24,217
(5,012)
(59,511)
60,805

27. Contingent assets

As at the reporting date, it is possible that an additional legacy of approximately £1.5m is to be received. This has not been included within accrued income, as although the income is probable and the charity has entitlement, the amount has not yet been confirmed.

28. Pension commitments

The charitable company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund. The pension cost charge represents contributions payable by the charitable company to the fund and amounted to £6,307 (2024: £5,474). Contributions totalling £980 (2024: £798) were payable to the fund at the balance sheet date and are included in creditors.

Page 55

Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6

DERBYSHIRE COMMUNITY FOUNDATION

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

29. Operating lease commitments

At 31 March 2025 the charitable company had commitments to make future minimum lease payments under noncancellable operating leases as follows:

Not later than 1 year
Later than 1 year and not later than 5 years		 2025
£
163
-
163		 2024
£
650
163
813

The following lease payments have been recognised as an expense in the Statement of financial activities:

2025 2024
£ £
Operating lease rentals 650 650

30. Related party transactions

During the year donations made by trustees to the charitable company totalled £33,578 (2024: £26,820). In addition, £2,252 (2024: £3,732) was paid to ARHA Labs Limited for website and design services, a company owned by trustee Alison Williams.

Also, during the year, £5,588 (2024: £nil) was paid to Flint Bishop for legal fees, a company of which trustee Andrew Cochrane was chairman.

Page 56

Document ID: 0c08c8524bcdbc144279cb7b5874a9eb03271993e89592973c7c5f7bcab236d6