2022-06-30-accounts

ESSEX COMMUNITY FOUNDATION ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2022 Company Number3062567 Charity Number 1052061

ESSEX COMMUNITY FOUNDATION REFERENCE AND ADMINISTRATION INFORMATION FOR THE YEAR ENDED 30 JUNE 2022 CONTENTS Page Reference & Administrative Information Chairman's Report Trustees, Report Structure, Governance and Management Vision, Mission, Values Achievements & Performance 2021- 2022 Significant Activities ESG Grantmaking Grantmaking Distribution Policy Fund Development Financial Review Property Investment Perfom)ance Investment Objective Reserves Policy Principal Risks and Uncertainties Future Plans Statement of Trustee ResFX)nsibilities 10 10 12 12 13 14 15 Report of the Independent Auditor 16 Statement of Financial Activities 19 Balance Sheet 21 Statement ofcash Flows 23 Notes to ihe Accounts 24-53

ESSEX COMMUNITY FOUNDATION REFERENCE AND ADMINISTRATION INFORMATION FOR THE YEAR ENDED 30 JUNE 2022 The Dire¢tors of the Company-and Trustees of the Charity The directors of the charitable company, Essex Community Foundation 1.the Foundation" or"ECFI. are its trustees for the purposes of charity law and throughout this report are colleaively referred to as the Trustees. Nicholas Alston CBE DL Clare Ball Charles Bishop Gemma Cartwright Gail Cunningham Vivienne Depledge Simon Hall MBE DL Sandra Hollis Peter Martin MBE DL Ben Minter Claire Read RosemaryTurner Jo Wells Chair of the Board of Trustees (Retiredat the AGM 24 November 20211 (Retired at the AGM 24 November 20211 Independent Members of Committees Rae Brooks Russell Edey IC(>OPted to Finance & Investmeni Committee) (Co-opted to Audit & Risk Committee and Finance & Investment Committee) Trusiees ele(t- Emma Goode Soumya Krishna Kumar Atul Manek (For election ai ihe AGM 24 November 20221 (For election ai ihe AGM 24 November 20221 (For eleciion ai ihe AGM 24 November 20221 Officers Claire Read Company Secretary Senior Ex¢<utives Caroline TaylorMSc Catherine Burton DChA Jo Macaulay PerryNorton Andy Payne Worpole Chief Executive Head of Finance Head of Communications Head of Development Head of Programmes Company Number 3062567 Ch•rity Number 1052061 Reglstered Office 3 Hoffmannsway, Chelmsford, Essex CMI IGU Bankers Handelsbanken. 91-99 New London Road, Chelmsford CM2 OPP Nationwide Building Society. Northampton NN3 6NW

ESSEX COMMUNITY FOUNDATION REFERENCE AND ADMINISTRATION INFORMATION FOR THE YEAR ENDED 30 JUNE 2022 Audilors Haysmacintyre LLP, 10 Queen Street Place, London EC4R 1AG Investment Managers Investec Wealth & Investment Ltd, 30 Gresham Street, London EC2V 7QN CCLA Senator House, 85 Queen Victoria SireeL London EC4V 4ET Liontrust, 2 Savoy Court, London WC2R OEZ Solicitors Birk￿1 Long, Favidl House. 1 Coval Wells,Chelmsford CM1 IWZ

ESSEX COMMUNITY FOUNDATION CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 30 JUNE 2022 It is a pleasure to present Essex Community Foundaiion Trustees, Annual Report and Financial Statements for the year ending 30th June 2022. This report, complemenied by our Annual Review, highlights our key activities and achievements in a year thaicontinues to challengeour communilies. At the sian of the new year, we held some hopethat the worst phase of the Covid crisis was coming to an end. and as our year end Clos￿ in June, manyof us have experienced a return to normality in our lives However, the impact of the pandemic is long lasting, and many charitie5 are still facing high demand coupled with falling income. Of course, we alsodid noi anticipaie a warwithin the European bordersand io befacing a cost-of4iving crisis. rising inflation and political uncertainty. We, therefore, remain deeply concerned atthe ongoing impacton our charities and communities.The relentless pressure of the past few years has. at times. been overwhelming and the prospect of a difficult winter season feels dauniing. But we must remain hopeful, and confident of ihe true value of the Foundation as an independenL long-ierm resource, able to respond with urgency. to $0 many demands.Whilst we are not able to tackle the magnitude of demand on our own, we are able to work with ourdonors and grant partners to focus on what we can achieve, together. Our grantmaking this yeariotalled £4.5 million to 420 organisations and core costs continue to be a key focus. Alongside this. the team has continually improved the application process and adopted new ways of engaging with applicants to inform our understanding of their needs-you can read more on page 9. We have also attracted new philanthropic funds from people who are deeply committed to working with us in support of our communities. Encouraging giving remains our imperative and new evenis and acriviiies are set out on page l O. Last year I reported that we had been gifted new office premises by a generous local familyand l am pleasedio confirm that we moved in June. This will be our home for the next 25 years, and a resource ihat will be shared and used by othercharities both now and in the future. Freely sharing the spaceis another way in which we can extend our grantmaking support and demonstrate our commitment to supporting the voluntary and community sector. Many people contributed io this complex project. and l offer sincere thanks to all involved. In particular, my deep gratitude and appreciation to our expert volunteers, Mike Richards and Mike Blakey who have worked alongside the executive and trustees to deliver this project on time and under budgei. Trustees met in October 2021 to review our progress against ihe strategic priorities in our business plan. which commenced in 2019, and agreed to remain on course as we have made good progress. Key achievements include expanding our work on Environmental, Social and Governance issues beyond our investments, an open trustee recruitment process. our Community Listening Project which has given us a deeper insight into the needs of communities, a new website and ways of engaging our stakeholders. new office premises, a refreshed Articles of AsSOClation, stronger governance and a more resilient team. You can read more about this work in the following ￿ge5. I hope you will agree that these achievements Put us on a firm footing to offer greater Support to our communities and donors over the challenging months ahead. Through a second open recruitment process we have selected and c¢>opted three new trustees Emma Goode, Soumya Krishna Kumar and Atul ManeL who will be recommended for formal appointment at the AGM laier this year. They will join a highly effective and committed Board, and l offer my sincere thanks to all the trustees who bring such energy and passion for all that we do. l am hugely grateful to our Chief Executive, Caroline Taylor, and io all the Foundation team for their inspiring work during such a demanding year. This has been my fourth year as Chair of Tru5tee5, and I could not be prouder of our work. I became the 842nd High Sheriff of Essex this year and have seen firsi-hand the dedication and hard work of Essex people and heard how deeply our communities valueourwork and ourieam. Finally. to all our fundholders and donors who are unwavering in their support and generoslty, and to our communities of charities and volunteers who always inspire. we could not and would not achieve $0 much without you all. Thank-you. Nick Alston CBE DL Chair of Trustees

ESSEX COMMUNITY FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 30JUNE 2022 The Trustees present their report along with the audited financial statements of the charity for the year ended 30 June 2022. The Trustees have adopied the provisions of the Statement of Recommended Pracrice1SORPI in preparing the annual report and financial statemenis of the charity. Siruciure. Governan¢e and Management Essex Community Foundation IECFI was established in 1996 as a company limited by guarantee registered in England and Wales. company number 3062567, and is registered as a charily with the Charity Commission, registration number1052061. TheTrustees and officers of the charity and its principal advisers are lisied on page 2and3. The Foundation is govemed by its Articles of Association which set out the objects of the Foundation and the powers of the Board ofTrustees. A review of the Articles concluded in iheyear. the aim of which was to update the Articles to the current standard rather than any significant change& The new Articles were adopted by Members at our AGM in November 2021. The Trustee Board meetings are held quarterly wiih business conducted between meetings through sul iommitteesthat report direitlyto the 6oard.Theiommitteesare Audit& Ri5L Governance & Compliance, Grants & Programmes. Fund Development, Finance & InvestmenL and Remuneration. Each committee has Terms of Reference which sei out delegaied authority and areas of responsibility. which are regularly reviewed by the Board of Trustee& Board meetings work to a consent agenda, which enables Trustees to group routine items e.g. committee businessand voteon recommendationswithout additional discussion. Trustees are satisfied that this procedure gives time for both business maiters and open discussion on issues related to the strategic direction of the Foundation. Trustee and staff meeiings, away days and workshops provide additional time for strategic discussion concerning the longer-term aspirations of the organisation. The Governance &Compliance Committee oversees a programme of Trusiee professional developmeni which Starts with the trustee induction. The induction provides the opportunity for newTrustees to meet staff and to understand organisational procedures. On appointmenL Trustees haveaccess to an online induuion pack which Is regularly updated and always availablefor reference. The pack includes key policies anddocuments including our Articles. current Business Plan and The Essential Trustee Guide" published by the Charity Commission. All Trustees must complete a declaration of eligibility and interests form annually. Trustees are encouraged to undertake a range of professional development opportunities within the year including formal training. seminars, reading and visiting a range of local organisations. The Remuneration Committee, whose members are the Chair of Trustees and the Chairs of each committee, agrees the Remuneration Policy, and recommends the CEO salary to the Board in addilion to any other staff benefits and annual staff pay increases. Our Articles allow for a maximum of 15 trustees and there were 14 Trustees ai ihe year-end. including 3 newly selected and co-opted trustees subject io election atthe AGM in November. Peter Martin and Rosemary Turner retired after each serving eightyears as Trustea Rosemary was Chairof the Fund Development Committee and Peter was a member of Audit & Risk and Finance & Investment Committee. Our Board of Trustees has a broad range of skills and experience including legal. financial. marketing, development. charity management and grantmaking. The current Board membership is 64% female and 36% male with an average age of 52 years old. 79% identify as White British, 14% as Indian and 7% as While Other. Trustees are commiiied to increase the diversity of its members so that we can benefit from a range of social backgrounds, skills. and experience. To that end we participated in the Transform Programme, delivered by the charity. Geiting on Board, which helps charities take positive action to diversify their Board through open Trustee recruiiment and inclusive board culture. Followingcompletion of this programme we launched the second round ofopen recruitment and were Successful in selecting three new trustees, subject to election, each of whom bring the skills we had identified i.e. marketing and communications, stakeholder engagement, and accountancy and financial. They are Emma Goode. Soumya Krishna Kumar, and Atul Manek. Staff resourcesare14.2 FTE or 15 employees a slight increase of 2 FTE from last year. Adeola Dosunmu joined as a Grants Officer in May, replacing Ellie Menown who left in March. Will Wiseman and Emma Stanford joined in December as office administrator& We were delighted that our Finance Officer, Tracy Hardy, successfully

ESSEX COMMUNITY FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 30JUNE 2022 completed the AAT accounting qualifications and became a full member of ihe professional body earning the internationally recognised MAAT staius. The Remuneration Commiltee concluded a comprehensive review of all salaries this yearthe aim of which was to ensure that we can continue to aitract and retain the besi talent in a competitive market. Trustees used numerous data sets from the charity sector in addiiion to the Croner Salary Survey and agreed to benchmark our salaries to the Median salary range commencing in our next financial year. As a resulL 47% of the team received an increase above 5%, 40% of the team received a 5% cost of living raise and there were two promotions including Steve Mackenzie to Head of Operations commencing l July 2022. We are sUPPOrted by our dedicated and long-serving volunteers who continue to add significant value as members of our team. In total they have given 121 days, which is equivalent to 848 volunteer hours. Their length of service isalso impressive with Andrew Clarke volunteering at the Foundation for 22 years, Barbara Garside for 17 years and Lorraine Brooks for 6years. Volunteers generally support the work of the grants team but also help across other areas including finance, communications, and events. The Foundation receives pr¢>bono legal advicefrom Martin Hopkin5, Managing Partner at Birkett Long Solicitors and pro bono payroll service is provided by LouisaTippett ofstreeiswhittles Chartered Accountant& Fundholders and community panel members work with the Foundation in helping make decisions on grantmaking during the year. The Patron, the President and the Vice Presidents of the Foundation act as honorary ambassadors and their support is much appreciated as we seek to Strengthen our profile. Care is taken to keep all our ambassadors informed of the Foundation's activities and their attendance ai events is encouraged, to increase their knowledge and understanding. Essex Community Foundation is a member of UK Communiiy Foundations IUKCFI, Association of Chariiable Foundations IACFI and National Council forvoluntary Organisations INCVOI. Objertives and Artlvlties undertaken by the Foundation for ihe Public Beneflt OUR VISION Strong generous communities- an Essex where everyone works togeiher to enhance the quality of local life. OVRMISSION To inspire philanihropy and charitable giving- matching people. ideas. re￿urCeS and needs io make a lasiing difference. OUR VALUES We are accountable to our communities and to our donors and funders. We are committed to being approachable and accessible to our donors, grant recipients and strategic partners. We encourage collaboration, partnership and sharing of expertise and experience to support the continued development of the voluntary and community settor. We au with the highest standards of integrity. transparency and professionalism at all limes. In all we do we will have regard to environmental impact, social issues and good governance relating to ourselves, our investments, our donors, our partners, and our granteeslbeneficiaries. The Foundation'stharitsble objerts for the public benefit. as defined in its Articles of Association, include- The promotion of charitable purposes for the benefit of the community in the county of Essex and its immediate neighbourhood.

ESSEX COMMUNITY FOUNDATION TRUSTEES’ REPORT FOR THE YEAR ENDED 30 JUNE 2022

ESSEX COMMUNITY FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 30JUNE 2022 wasestablished wiihdelegated authority bythe Board of Trustees to deliver the project within budget. Members were Trustees, Charles Bishop, and Vivienne Depledge- CEO, Caroline Taylor.. Head of Operations, Steve Mackenzie,. and iwo independent volunteer property advisers, Mike Richards and Mike Blakey. The PTG met fortnightly and reported quarterly to Trustees.Throughout the project we aimed io work with Essexcompanies identified through an open tender process and Cadman Construction, Mansfield Monk and Barker Associates were appointed to undertake the refurbishment works.Theteam moved in at the end ofjune 2022 and we have started to welcome visitors and users of the new community office space. Our grantmaking continued to develop under the leadership of Andy Payne Worpole. Head of Programmes.This includes cur Community Listening Project and a newly published reported, authored by an independent researcher, Hannah Fletcher. Hannah interviewed charities to understand whèt more we could do in providing support post pandemic The report Is published on our website and has led to changes in our grantmaking policy. which isalso available online. You can read more about this work on page 9. Within the yearour fundholders, Saffron Building Society, announced the first release of dormant accounts in a scheme overseen by the Reclaim Fund to their community fund, which we have managed foreleven years. The scheme allows institulions to channel funds from dormant accounts io charitable causes. The initial transfer of £414.301 from Saffron BS builds on our longstanding relationship and their commitment to support local communities. In addition, Birkett Long LLP established a charitable fund with us in the year. In doing so they have demonstrated their long-term commitment to supporting a range of charitable organisations and activities and in working with us. can deepen their understanding of social issues across the County. Finally, we started to host in person events, commencing with our AGM at Hatfield Place in November where we were joined by 130 guests. In March we hosted the annual High Sheriff Awards ai Hylands Parl Chelmsford in partnership with BBC Essex who broadcast live from the eveni. Fund development events also resumed with series of networking meetings for professional advisers.to raise awareness of our work. The first of these was a Stow Maries Aerodrome, a local charity.Guests heard from Vice President and fundholder, Jason Bartella, on his family experience of establishing their charitable fund and the importance of good advice. Environmental Social and Governance Issues Our ESG working group continued to meet virtually at the beginning of the year and in person towards the end of year. Thanks are given to fellow trustees and staff for their diligent input over the period. Following the focussed initiation of this topic last year, objectives have now been set with the Board's overall approval. We highlight for ECF thaL ESG issues recognise the importance of caring for the environment, addressing social inequityand the need for good governance across all that we do. As a resdi. there are praciical issues to address as well as people / cultural considerations to manage. ESG consideration5 will continue to inform all significant board decisions as we seek to embed ESG factors across ourorganisaiion. We recognise we are on ajourneyfor the medium to long-term taking account of the emerging significani global, economic, social, environmental and market developments which ultimately impact ihe Iharity sector and Essex residents overall. Key issues from this yearfs objectivesare summarised as follows.. We are continuing an in-depth review with all investment managers to ensure that our endowment investments reflect our ESG criteria. We recognise that an ongoing dialogue is necessary. and this may include input to Strategic direction as well as specific questions on underlying topics and individual investments. Of noie is a switch we instructed within CCLA to move that portion of ourendowment into the COIF Charity Ethical Fund, completed May 2022. Given the discretionary mandate with Investec, we also continue to work closely with them on how best to reflect our ESG criteria. Our surplus cash liquidity is held in the CCLA Cash Deposit Fund which is viewed as a sustainable fund offering. The Investment Policy now indudes specffic reference to ESG issues.

ESSEX COMMUNITY FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 30JUNE 2022 We signed up to Living Wage Foundation membership and the Funder Commitment on Climate Change. We are now tagging our grant making to the 17 published UN Sustainable Development Goals and will use the management information output to inform us further this year. Our Energy and Environmental Policy has recently been approved, reflecting the occupation and operations in our new building. We hope to achieve further specific environmenial improvemenis e.g. electric charging poinis in the car park in due course. In the financial year 2022123 our aim is to embed ESG at subcommittee level and continue to grow our knowledge and acr as a reference point. We intend to work more closely with our grant partners and third-party service providers on this topic and ensure we take as many positive sieps as possible to ensure we can continue to acl responsibly while fulfilling our mission across Essex. Grantm•king We have paid out £4,422.122 in new grants this year, which is similar to the £4.5 million in 2021. We were able to approve 619 grants funding 420 organisations and 83 individua15. The increase in individuals from last year at 72 is mainly due to government resirictions being lifted and an increase in individual educationa granis. Our average grant has decreased slightly from £9.929 last year to £9,582 this year. We continue to attract new applications from organisations that had not applied to us before, making up 20% of all grants approved this year. At the beginning ofthe year, we continued to provide Covid related funding via the Essex Covid Response Fund IECRFI and we delivered the Mid & South Essex Hospitals Charity and NHS Charities Together, multi-year Mid & South Essex Community Partnership Fund IMSCPFI. We distributed a further £518,279 to 31 local organisations, via the ECRF and the MSECPF will provide £535,823 over 2 years for l O local organisations dealing with the impact of Covid on communities. We continue to see charitable and voluntary organisations experience significant increases in demand for their services, as issues they tackle remain affected by the pandemic. We have seen an increase in counselling and menial health services. now at 2396 of all our grants. plus we have seen a l 00% increase in homelessness grants Wlth 14 grants paid this year. We also completed our first Community Listening Project report. to uncover the challenges faced by the local voluntary sector p05t-pandemic, better understand their experiences, and find out how we can support their work to help l¢xal communilies thrive. As a result, we have prioritised ongoing support to small grassroots groups and an increase in support for marginalised and historically underrepresented groups, ensuring equity, diversity and inclusion. We have also made changes to our processes and revised our grantmaking policy and guidance to ensure our grantmaking is as flexible and accessible as possible. We primarilyfund smaller organisations, with 48% of the organisations supported in the year having an annual incomeof less than £IOO,000. This meant we paid out £1,110,982 to smallerorganisations, with an average grant of £6,305. We also continued to increase and improve access for underrepresented groups with our funding to minority ethniccommunity organisations increasing again this year to £174,720, from £146,466 last year. If we include grants where minorityethnic communitiesare identified as beneficiaries this increases to £229,270.This demonstrates our continued commitment to build relationships with minority ethnic communities and other marginalised groups to ensure equal access to our funding, which we have priorilised as a result of our Community Listening Project. We have simplified our application process and added the opportunity for telephoneapplicationsand finalised a new programmefocussed on mental health inequalitie& Our grantmaking continue5 to SUPPOrt a wide range of issues and organisations across Essex with the largest primary beneficiary group at 2Th being children and young people which received 188 grants totalling £1.054.002. We also SUPPOrt the sustainability of the voluntary and community sector, including a focus on core and multF yearfunding. In toial 3m of our grantmaking went to organiSalion's core costs-, the amount paid for such grants was £1.706,418, which is on par wiih last year. The majority of core costs funding. £1,232,034 came from Donor Advised Funds, which demonstrates the enthusiasm of our donors to support the important everyday work undertaken by charitable and voluntary organisations across Essex. We manage several multi-year funding

ESSEX COMMUNITY FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 30JUNE 2022 programmes and this year we paid £1.073.325 towards 34 multFyear grants 10 were awarded through Mid & South Essex Community Partnership fund and 24 through endowed fund& This is an increase of 17 or 41% on the previous year. This equated to 24% of monies awarded for mulii-year grants. however it made up only5% of the total grants awarded. These included a grani to the Autumn Centre of £15,000 over three years io support lunch clubs for older people. and Basildon Parents4Parents received £18.000 over two years to fund a project coordinator to support vulnerable families in Basildon. The Thrive Programme, which provides tailored sirategic and orgènisational development support in partnership with the Cranfield Trust has completed the two cohorts. The third cohort which started in March 2022, has been extended to include organisations from Southend and ThurrocL and this will complete at the end of 2022. Grant Dlstribution Pollcy Each year the Board of Trusiees approves a level of grant expenditure from endowed funds, which is consistent with the aim of mainiaining the nominal value of endowment funds, and subject to any conditions imposed by donors. The Finance & Investment Committee recommends to the Board what it considers to be an appropriate level to be distributed in grantsiaking into account social needs, e(onomicoutlook.and the Foundation's policy to maintain theendowmentfundsnominal value. A distribution rate of 6%was agreedfor the year under review. Fund Development The year under review has attracted £5.4 million in total income from individuals, companies, charitable trusts, the public sectorand investments, up from £4.8 million last year. This comprised £1.9 million in new endowed donations and £3.5 million in flowthrough funds. investmenL and managemeni income. The year has seen some sort of normalityand as a resultwe have rtrengaged with our donors and supporters in person, after the previous year being impacted bythe numerous lockdowns.we have rtrintroduced our Private Client Professional Adviser Networking events, the first of which was held at Stow Maries Great War Aerodrome in June, with 65 guests in attendance. The events will now be taking place every quarter. These events give us the opportunity to regularly engage with local advisors and build their knowledge and understanding of the Foundation and what we can offer to their clients. A local Professional Adviserwho we have known for some yearsintroduced his client to ourworL which resulted in a substantial new fund. Another PA introduced trustees from the Butler Educational Foundation, an existing trust. which was transferred to our management thus relieving existing trustees from iheir financial and legal obligations but Continuing to engage them in the grantmaking. We continue to develop new tools and programmes for Fund Development. This year we have developed a strategy for growing the awareness and engagement of the next generations of donors and are in the process of establishing a new Fund which will give the next generation an extended period to grow their own charitable funds. We are also working with several local Professional Advisers to produce a series of blogs that talk about the various benefits of giving through the Foundation. Our POCA IProceeds of Crime Acr 20021 matched funding initiative in partnership with Essex Police continues io go from strength to strength. Since ils introduction in 201411 S we have received matched funding from POCA of £525,000 which has resulted in 12 new funds being set up that support Community Safety projects in the County these are Leeze Charitable Fund, Mersea Homes Charitable Fund. Alastair & Pairicia Stewart Chariiable Fund, Minter Family Fund, High Sheriffs Fund, FW Charitable Fund. NS Community Fund. Hollis Family Fund. Harwich Mayflower Legacy, Ball Family Fund, Jack Elliot Fund and River City Fund. We provide a service to all our donors to meet their charitable needs and aims. Donors may wish to remain anonymous or may request publicity. Theycan alsoestablish a fund with a ontroff donation. actively fundraise, or make regular contributions to their fund. We can take on the management of existing charitable trusts where the original trustees may not be able to continue to manage the funds or may recog)ise that the Foundation provides an efficient and effective alternative. Whilst the trust's remaining trustees no longer have the financial 10

ESSEX COMMUNITY FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 30JUNE 2022 and legal responsibilityof managing the trust as this has passed to us.they can remain involved in how thefunds are spent in their local community. Ten new funds were established during the year.. fourflowthrough and sixendowed.Thefour new flowthrough funds were ihe Mid and south Essex Mental Health 'lnequalities' Programme, Let's Create Jubilee Fund, Drop Swap Initiative Fund and Douglas Allen Foundation. The six new endowed funds were the Salix Trust, Manek Foundation, Ellisons Foundation, Birkett Long Community Fund, Butler Educational Foundation and Brian and Julie Cue Fund. We do not use professional fundraising agencies. We have never failed to comply with any fundraising scheme or standard. Any person acting on behalf of ECF for the purpose of fundraising is given guidelines to adhere to. To protect vulnerable people and other members of the public and in line with our business model, we never undertake cold calling or uninitiated contact practices. We are regisiered with the Fundraising Regulator and the Fundraising Preference Service. No complaints have been registered against the Foundation during the year under review or since our registration in July 2017. Fin•n<ial Review Total income for the yearwas £5,375.132 compared wilh £4,816.038in the year to June 2021. Donations to the endowment fund during the year totalled £1,866.332. As at June 2022. endowed funds totalled £44.919,172 compared with £48,643.882 in June 2021. The majority of our expenditure is in grant distribution, and funding for this is taken as an annual drawdown from the endowment funds together with flowthrough funds. Within the Statement of Financial Aaivities ISOFAI the Foundation recognised grant expenditure of £4,458,707 (see note 61 to charities, individuals, and voluntary and community organisations in the year under review, compared with £4,254.488 in 2021. Our unrestricted loperatingl income mainly comes from a contribution made by fundholders Iboth endowed and flowthrough funds) to our charitable activities. as well as membership subscriptions and sponsorship. Operating income as reported in ihe SOFA was £32,456 . Within the year our operating expenditure was £762,261 , this being 89.8% of the budgeted figure of £844,338. We received contributions from fundholders as transfers from endowed funds of £716,1 $6 (note l 01 and flowthrough funds of £1 15,135 (note l 01 which resulied in total operating income of £863,747forthe year. This gave an annual operating surplus of £101,486 for the year under review. The cost of the relocation was £987,787 with £4,198of this expensed within the year as removal costs.To finance the remaining cost of the relocation projeci of £983.589Trustees agreed to utilise the annual operating surplus of £101,486. They released the relocation reserve built up over several years of £450.000 and agreed to redesignate the £107,009 balance ofthe Acorn endowment match and also totransfer £75,094from Acorn endowmenL In addition to the £250.000 gift from our property benefactor. this then fully financ￿ the move. Restricted reserves of £1.058,557 have decreased a little due to the reduced volume of flowthrough grantrnaking funds under management at the yearend date. Cash at the bank reflecrs this funding awaiting imminent disbursement. Unrestricted reserves of £482,330 will becarried forward (see SOFApage 191. Coniributions towards charitable costs from endowed funds under management covered 94% of the Foundation's operating expenditure (excluding relocaiion costsl compared wiih 83% as budgeted.

ESSEX COMMUNITY FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 30JUNE 2022 Property As reported on pages 4 and 7 we have Concluded our property project, with all costs paid or accrued within the year.The property has been purchased byour benefactorand a 25-year rental lease has been agreed which includes a tenant only break clause and annual rent of £1. Detailed Net Present Value calculations were undertaken. and the benefit of the lease is considered to be in excess of £650,000.In addilion, our calculaiions show that the cost of running our new premises are circa £5,OOOpa less than our old offices. We commissioned a building suNey from Fenn Wright which included a schedule of planned maintenance over the term of the lease, this highlighted areas for improvement such as new electrics, heating and cooling system, new lighting new network cabling and newWi-Fi etc. As part of our ongoing commitment to ESG. we installed where possible, low energy cost efficient devices including heating and cooling systems. LED lights, and additional roofing insulation. In recognising the long-term rental savings to the Foundation, Trusiees agreed to invest in many of the areas of improvement in advance of moving in. The total cost of ihe project is £987,787 (including £4.198 expensed within the yearl and £250.000 of this was met by a donation from our benefactor. Therefore, the cost to the Foundation was £737,787. This was met by our designated property fund of £450,000, £4,198 expensed, operational surplus at the yearend of £101.486, r￿esIgnatIon of the balance of the Acorn endowed match and a transfer of £75,094 from our Acorn endowed fund. At the time of writing ihe project was circa £1 S,000 under budget. Of the total costs expended 60% was allocated to the 1st floor. which is primarily the Foundation's office area and 40% as a Programme Related Investment io the ground floor. which will be available for use by other charities at no charge. Investment Performance The 12 months to the end of June 2022 can be split into 2 halves. The first part consisted of economic growth picking up as governments relaxed their Covid restrictions desplte new variants of Covid appearing, most noiably in December. From Julyto December 2021 UK equilies rose 6.5%, US equities 14% and UK government bonds were flat. January 2022 saw a turn in the market a5 higher levels of growth led to fears of inflation and of interest rate rises to keep inflation under control. Russia's invasion of Ukraine in late February exacerbated these concerns wiih the price of oil rising sharply. During the second part of the12-month period. UK equities were down 4.6%, US shares were down over l 0% in steding terms and UK bonds were down 14%. Over the 12-month period. the yield on 10-year US government bonds rose from 1.5% to 3%. This led to negative returns for fixed interest Stocks and to large parts of the equity markei that are valued on the basis of their estimated future profits which were now being discounted back to todals value at a higher rate. This hit growth and technology siocks particularly hard. Hence whilst the UK equity market still produced a positive total return of 1.6% over this period, some parts of the market fell heavily, such a5 UK smaller companies which were down I S%. Similarly for a sterling investor whilst US shares produced a return of 1.7%, Ihe technology heavy Nasdaq produced a return of -12%. Over the period as a whole UK equities produced a return of1.6%. overseas equities a return of -3.2%and UK government bondsa total return of -13.6%. Our core portFolio produced a net return of -6.2% which was disappointing in absolute terms but broadly in line with the benchmark comparaior of ARC Sieady Growrh which produced a total return of -5.7%. At the manager level Investec produced a return of-5.5%. CCLA-2.W and LiontrusL our ethical manager-22.6% (all net of fees). However, we are reminded of our long-term approach. the good performance we have achieved since inception, and that the ten-year average performance figure is 7.36%. Investment Objectlve The developmeni of an expendable endowment fund, providing susiainable and growing support for local communities in the long term, is central to ourgrant making role. 12

ESSEX COMMUNITY FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 30JUNE 2022 Weaim to achieve an investmeni return which will attract newdonors and meet endowmentfund development objectives. Further, the overall financial return of the invesiments will be consistent with the risk tolerance and commercial prudence agreed bythe Board of Trustees. The Invesiment Objective relates to the expendable endowmeni funds managed by ECF only and not Community First monie The Investment Objective is to: Maintain the cumulaiive nominal value of the endowment fund over the medium term Thetarget return on invesiments is CPI +4% Reserves Policy Fund balances Isee SOFA page 191 at 30 June 2022 Comprised: Unrestritted Igeneyall Unrestricted Idesignatedl Resiricted Endowed £482.330 £1,034,970 £1,058,557 £44,919,172 At June 30, 2022, the balance carried forward on unrestricted reserves was £482,330 Isee note 191. Unrestricted designated reserves comprise £51,383 fororganisational development intended for systems development worl £626.750 for property improvements io leasehold reserve and £356,837 for a programme related investment reserve. The aim of ihe Board of Trustees IS to have at least six months of the next year'soperational expenditure budget as reserves. Currently this would amount to £500,000. The Board of Trustees c(ntinue to believe that reserves should be a prudent minimum, and that the funds deployed in grantmaking should be maximised. To the e￿en1 that the carried forward unrestricted reserves (excluding dilapidations) slightlyfall short of the target figure, the Trustees take account of their ability to allocate from the endowed Acorn Fund to operational expenditure if there were a severe and unexpected decline in the Foundation's financial position. The Trustees monitor the situation to ensure that the available reserves and Acorn Fund together provide a sufficient reserve. The Trustees remain confident that all the Foundation's financial obligations can be met. Principal Risks and Uncertalntles The Foundation's risk framework sets out our overall appetite for risk and drills down io include a risk appetite statement for each risk area. We adapted and implemented the National Council for Voluntary Organisations INCVOs1 Risk Register, which includes a high-level risk dashboard ihat categorises our risks by Red Amber Green and highlights the key risks, changes to risk, and new risks. The Risk Register is a standard item on all sub- committee meeting agendas, reviewed in entirety by Audit & Risk Committee. and approved by the Board of Trustees. Key risks have been identified as listed below, followed by the controls to mitigate them.. F•ilure of thirthparty IT services Ilrkhouse and external CRM (Customer Relationship Management) training, proactive review of IT tools available, Business continuity plans) Corporaie & Trustee identity fraud (Financial Controls Policy and processes, proactive working relationship with all financial providersl IT F)ilure (Move to predominately cloud based servers. Data Protection Policy, IT Policy, business iontinuity plan). Internet Enabled Fraud (IT Policy, Financial Controls Policy and processes, proactive working relationship with all financial providersl Material falls in value ol investments (Formal Investmeni Policy, Reserves Policy. relaiive benchmark performance. Toial Return Policy, split porrfolios, review of allocation between investment managers of large donations and any ad h¢x liquidity events. call an emergency FIC meeting and consult Investment Managers) The Board is satisfied that appropriaie procedures are in place to mitigate each of these risks to an acceptable level. 13

ESSEX COMMUNITY FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 30JUNE 2022 F￿Ure Plans Award ai least £4 million of grant funding to the voluntary and community sector annually Coniinue with our Community Listening Project and implement its findings Continue to identify and implement IT systems and digital applications to improve our operations and efficiency Promote the availability of our new free community office space for charities Tru5tees' responsibilitie5 The Trustees are responsible for preparing the annual report and the financial statements in accordance wilh applicable law and regulations. Company law requires the Trustees to prepare financial statements for each financial year. Under that law the Trustees have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accouniing Practice). Under company law the Trustees must not approve the financial statements unless they are satlsfied ihat ihey give a true and fair view of the stste of affairs of the Foundation and of the surplus or deficit of the Foundation for that period. In preparing these financial statements. the directors are required to.. Selecr suitable accounting policies and then apply them consistenily Makejudgements and accouniing estimaies ihat are reasonable and prudent Prepare the financial siatements on the going concern basis unless It is inappropriate to presume that the company will continue in business Observe the methods and principles of ihe charities SORP The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Foundation's transactions and disclose with reasonable accuracy at any time the financial position of the Foundation and enable them to ensure that the financial statements comply with the Companies Act 2006and as amended by the Companies Act of 201 l. They are also responsible for safeguarding the assets of the Foundatw)n and hence for taking reasonable steps for the prevention and detection of fraud and other The following information for accounting year to 30 June 2022 is presented in the form required by the Charity Commission and the Companies Act 2006 and as amended by the Companies Act of 2011. The Foundation also produces an Annual Review, which includes information presented more visually aLx)ut acrivities undertaken in the year, including detailed grant information. The Financial Statements and Annual Review are also published on the Foundation's webslte in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements. which may vary from legislation in other jurisdiciions. The maintenance and integrity of the Foundation's webslte is the responsibility of the Trusiees. The Trustees, responsibilily also extends to the owoing integrity of the financial statements contained therein. 14

ESSEX COMMUNITY FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 30JUNE 2022 Auditors All of the current Trustees and the Chair of the Audit & Risk Committee, have taken all rhe steps that they ought to have taken to make themselves aware of any information needed by the Foundation's auditors for the purposes of their audit and to establish that the auditors are aware of that informalion. The Trustees are nol aware of any relevant audit informaiion of which the auditors are unaware. In preparing this Trustees, Report advantage has been taken of the small companies, exempiion under the Companies Act 2006. By order of the Trustees Nicholas Alston CBE DL Chair Board of Trustees Date: 10 November 2022 Russell Edey FCA Chair. Audit & Risk Committee Co-opted Member Date: 10 November 2022 15

ESSEX COMMUNITY FOUNDATION INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF ESSEX COMMUNITY FOUNDATION FOR THE YEAR ENDED 30 JUNE 2022

ESSEX COMMUNITY FOUNDATION INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF ESSEX COMMUNITY FOUNDATION FOR THE YEAR ENDED 30 JUNE 2022

INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF ESSEX COMMUNITY FOUNDATION FOR THE YEAR ENDED 30 JUNE 2022

ESSEX COMMUNITY FOUNDATION

ESSEX COMMUNITY FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30JUNE 2022 Expendable Endowment Funds Totsl Funds 2022 Total Funils 2021 Unremrlrted Funds Remrfrted Funds Deslgnated INCOMEANDENDOWMENTS FROM: Donations and legacie5 0onati0115and1eg￿￿5 Grants char￿ta￿e actlvStles 22A16 1,502,739 858.931 1,866,332 3.391A87 858,931 7,771 1.116,944 2,583,489 1.170,7(KI 5.785 1,056,064 7,771 2,269 Inve5ttnentincome 46,185 1,068,490 TOTALINCOME 32,456 46,185 3,430,160 1,866,332 5,375,133 4,816,038 EXPENDITURE ON: Rai5ingfund5 char51a￿e actlvStles 145,432 616.829 44,112 4.330,516 92,722 281266 Sm5,536 316,591 4.831,672 128,191 TOTALEXPENDITURE 762,261 128,191 4,374,628 92,722 5.357002 5,148,263 Net income beloregain5111055es1 on inve5ttnent5 1729B051 182,0061 1944N681 1,773,610 17,331 1332,2251 Net9alns Illossesl on Investments 13,650,935) 13,650,9351 6.889,517 Net Incomellexpendl￿re) 1729B051 182,0061 1944N681 11,877,325) 13,633,6041 6,557,292 Transfers between funds 729.805 486.918 630.662 11,847,385) Netmo¥ement In funds 404,912 1313B(bl 13,724,710) 13,633,6041 6,557,292 Total fvnds broughtforward 482,330 630,058 1,372,363 48,643,882 51,12&633 44,571,341 Toialfunds<aYrled forward 482,330 1,034,970 1,058,557 44,919,172 47,495,029 51,128,633 All of the activiiies undertaken by the Foundation We￿(ontinUIng activities. There were no other recognised gains and losses for the year. The notes on pages 24 to 53 form part ofthese financial statements. Full comparative figures forthe yearended 30 June 2021 are shown in note 27. 19

ESSEX COMMUNITY FOUNDATION SUMMARY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30JUNE 2022 2022 2021 Summ•ry in<ome and expendilure •ccounV Income Interest and investment income 2.391.857 1,116.944 3.035,545 1.056,064 Gr0$5 income in ihe reporting period 3.508.801 4.091,609 Expenditure Depreciation 5,258.203 77 5,045,640 7.459 Toial expenditure In ihe reportlng perlod 5,265.080 5,053,099 Net expenditure before tax in the reporting period 11,756,279) 1961,4901 Tax payable." Net expendilure In the reportlng perlod 11,756,279) 1961,4901 The notes on pages 24 to 53 form part ofthese financial statements. This note does not include figu￿5 for endowment 'The Foundation is not liable to pay tax as our income is used forchariiable purposes. 20

ESSEX COMMUNITY FOUNDATION BALANCE SHEET Company No 3062567 FOR THE YEAR ENDED 30JUNE 2022 2022 2021 Note FIXED ASSETS Tangible assets Property improvemenis to leasehold Programme related investments Investments 120.297 535,256 356,837 45.076.201 11,682 12 12 49.120.005 46.088.591 49,131,687 CURRENT ASSETS Debiors Short term bank deposits Short term money market fund and bank deposits Cash at bank and in hand 13 14 14 456.623 168.317 2.185.522 488.521 683.316 2.090.616 21)0 200 2.810.062 3.262.653 CURRENT LIABILITIES: CREDITORS: amounts falling due within one year 15 11,218,882) 11.053,0471 NETCURRENT ASSETS 1.591.780 2.209,606 TOTAL ASSETS LESS CURRENT LIABILITIES 46.680.371 51.341.293 CREDITORS: amounts l•lling due after more than one year 16 1185.3421 1212,6601 NET ASSETS 18 47.495.029 51.128,633 Income Funds Unrestricted funds- general Unrestricted funds- designated General funds Restricted funds Cjpitsl funds Expendable endowment funds 19 19 482,330 1,034.970 482.330 630.058 20 1,058.557 1,372.363 21 44.919.172 48,643,882 TOTAL FUNDS 47.495.029 51,128,633 21

ESSEX COMMUNITY FOUNDATION BALANCE SHEET Company No 3062567 FOR THE YEAR ENDED 30JUNE 2022 These financial statemenis have been prepared in accordance wilh the provisions applicableto companies subject io the Companies Act 2006 small companies, regime. The financial statements wereapproved by the Board and authorised for issue on 10 November 2022. Nicholas Alston CBE DL Chair Board of Trustees Date.. 10 November 2022 Russell Edey FCA Chair. Audit & Risk Committee Co-opted Member Date.. 10 November 2022 The notes on pages 24 to 53 form part of these financial statements. 22

ESSEX COMMUNITY FOUNDATION STATEMENT OF CASH FLOWS Company No 3062567 FOR THE YEAR ENDED 30JUNE 2022 2022 2021 Note CASH USED IN OPERATING A(nviTIES 26a 12.788.653) 11,951,212) CASH FLOWS FROM INVESTING ACTivinES: Dividends, interest and rents from investments Purchase of property, plant and equipment Proceeds from the sale of investments Purchase of investments Decrease I Ilncreasel in cash investments 1,116.944 1650.7481 25.458.461 125.508.7981 86.369 1,056.064 14,8071 8,536,135 17,396,511) 152,6331 502.228 2,138,248 CASH FLOWS FROM FINANCING ACTIVITIES Endowment donations 1,866.332 724,429 IDECREASEIIINCREASE IN CASH AND CASH EQUIVALENTS 26b 1420.093) 911,465 Cash and cash equivalents at the beginning of the year 2.774.132 1,862.667 Cash and cash equlvalents at the end of the year 26b 2,354.039 2,774,132 The notes on pages 24 to 53 form part of these financial statements. 23

ESSEX COMMUNITY FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30JUNE 2022 ACCOUNTING POLICIES Basis of preparatlon The financial statements have been prepared in accordance with Accounting and Reporting bychariiies.. Statemeni of Recommended Practice applicable to charities preparing their accounts in accordance with the Statement of Recommended Praciice forcharities ISORP 2015115econd Edition. effective l January 20191. the Financial RetX)rting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. The Foundation meets the definition of a public benefit entiiy under FRS 102. Assets and liabilities initially recognised at historical cost ortransaction value unless othetwise stated in the relevant accounting policy notelsl. Preparaiion of a¢¢ounts on a going con¢ern basls The Trustees consider there are no material uncertainties aboui the Charity's abilily to continue as a going concern. The review of ourfinancial position, reserves levels and future plans gives Trustees confidence the charity remains a going concern for the foreseeable future. Trustees thoroughly reviewed the principal risks and uncertainties pertaining to the current economic climate and the likely impatt of the cost-of-living crisis and agreed that our current risk register sufficiently Caoured all known risks and would be continually reviewed. Grant making cashflows are prepared and, as flowthrough funding is received in advance, trustees are confident that our grant making ability will be unaffected. Trustees continue to monitor the development of the pandemic in relation to our worL investments and needs of our communities.we are confident that we have the capacity and re￿UrCe to continue our developmeni plans alongside deliveryof our day-ttrday work The following principal accounting policies have been applied.. Income Donations and legacies are accounted for when re￿1vable by the Foundation. Revenue grants are credited to the Statement of Financial Activities ISOFAI when the charity is considered to have entitlement to the assets, it is probable that the resources will be received, and the monetary value of income can be measured with sufficient reliability. If grants are related to a future donor-imposed period. the income is deferred until that period. Other income is accounted for on an accruals basis as far as itls prudent to do so. Expenditure Liabilities are recognised as expenditure as %)on as the￿ is a legal or constructive obligation committing thecharity to ihe expenditure.All expenditure is accounted foron an accruals basis and includes irrecoverable valueadded tax. Grants payableare payments made to third parties in thefunheranceof the charitls objecrives. Singleor multi-year grants are recognised as expenditure when a grant iommitment is made without condition. or when the condition 11 not in practice allow the charity to avoKI the liability. Expenditure on raising fvnds Comprisethose costs directly attributableto managing the investment portfolio togetherwith a proportion of other costs attributable to the development of funds and publicity. E¥penditureon charitableactivities Includesthe value of grantsawarded bythe Foundation and both thedirectand managementCOSts relating tothese activities. Grants payable are recognised as expenditure and included in the SOFA when approved by the Trustees and accepted by the beneficiaries. The value of such grants unpaid at the year-end is accrued. Grants where the beneficiary has to meet certain conditions beforethe grant is released are accrued as financial commitments. Where a grant is to be paid by instalments, the outstanding balance is disclosed as a liability. 24

ESSEX COMMUNITY FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30JUNE 2022 Grant costs include the administrative functions and have been allocated to activity cost categories on a basis consistent with the use of resources. Costs that can be recognised as being wholly associated with support activities are directly allocated. All other cosis. including staffing costs, are apportioned on the basis of an estimate of the time spent by each member of staff. her employee beneflts Short term benefits including holiday pay are recognised a5 an expense in the period in which the service is received. Termination benefits are accounted for on an accrual basis and in line wiih FRS 102. Gifts in kind The Foundaiion receives the benefit of workcarried out byvolunteers. No accountofthis istaken in the Statement of Financial Activities. The Foundation receives the benefit of legal and payroll work given on a pro bono basis. This work is included within Donations and gifts in the Statement of Financial Activities and is valued at the open market value of the services provided (see note 241. Operating leases Rentals paid under operating leases are included in the accounts over the period in which the cost is incurred. Future obligations under operating leases are detailed in note 25 ofthese financial statements. Taxation As a registered charity. the Foundaiion benefits from Business Rates relief and is generally exempt from Income Tax and Capital Gains Tak but not from VAT. Irre(overable VAT is included in the cost of those items to which it relates. Financial Instrumenis The Foundation only has financial assets and financial liabilities of a kind that qualify as basic financial instrument Basic financial instrumenis are initially recognised at transaction value and subsequently measured at their settlement value. Invesimenis Investments are stated in the balance sheet at their market value. Realised gains and losses are included in the income and expenditure account. Investment income is recognised on the basis of the due date for payment. Unrealised gains lsee note121 are included in the Statement of Financial Aaivities. Programme Related investmenis Programme Related investments relate to propeny works undertaken on the portion of the charitls new offices which will be sha￿d with other charitable organisations. They are included at their cost value and will be revalued annually in subsequent years. Tangible fixed assets and depreciatlon Tangible fixed assets are included at cost. Depreciation of tangible fixed assets is provided at the following annual rates in order ro write off each asset over its estimated useful life.. Office equipment including IT14 yearsl- 25% straight line Furniture & fittings11 O yearsl- IOWO Straight line Improvements to property leasehold125 yearsl- Remaining term of the lease or 4% straight line De￿01$ Trade and other debtors are recognised at the settlemeni amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 25

ESSEX COMMUNITY FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30JUNE 2022 Creditors and provlsions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation ian be measured or estimated reliably. Creditors and provisions are normally recognised ai their settlement amount after allowing for any trade diKounts due. Pensions The Foundaiion has a defined contribution pension scheme. The cost of contributions payable by the Foundation to the scheme is charged to the income and expenditure account as incurred. Fund a¢¢ounting Funds held by the Foundation are- Unrestricredfunds- these are funds that can be used in furtherance of the charitable objects at the discretion of the Trustees. Restrirted fvnds- these are funds that can only be used for particular restriued purposes within the objects of the Foundation. Restrictiors arise when specified by the donor or when funds are raised for particular restritted purposes. Endowment funds - represent those assets held in the long ierm by the charity, principally investments. In accordance with the donors, wishes the capital is ewendable for grant making at the discretion of the Trustees. Income arising on endowmentfunds is included as restricted income, except in the iase of the Acorn Fund, where income can be used to meet the general objectives of the charity and is therefore included within unresiricted income. Any capital gains or losses arising and the investment management charges and legal advice relating to the fund are charged against the fund. Transfers- between funds are at the discretion of the Trustees. The purpose is to allocate resources to particular projects that are in accordance with the charitable obl￿tIves. Critical accounting judgemenls and key source5 of estimation uncertainty In theapplication of theaccounting policies.Trustees are required to makejudgements, estimates,and assumptions about the carrying value of assets and liabilities that are not readily apparentfrom oiher sources. The estimates and undedying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. In the view of ihe Trustees, the recognition of liabilities for futu￿ grant commiiment is an area of judgemeni significant to the accounts as the timing of these payments is not always predictable, particularly for multkyear grants. Accrued legacies are included only if probate has been granted and there is certainty of value and receipt. The subsequent timing of these receipts however is not always predictable and beyond our control. No other assumptions concerning the future or esirnation of uncertainty affecting assets or liabilities at the balance sheet date are likely to result in a material adjustment io their carrying amounts in the next financial year. 26

ESSEX COMMUNITY FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30JUNE 2022 I INCOME FROM DONATIONS AND LEGACIES Unrestrided Funds Total Funds 2022 Total Funds 2021 Restrirted Funds Endowmeni Funds Acorn Fund Butler Educational Foundation Charlie Watkins Foundation lflowrhroughl Douglas Allen Foundation East of England Community Cares Fund Essex Community Foundation Essex Community Foundation Restricted Fund Essex Police Proceeds of Crime Match Funding scheme Gwendy Marrs Fund Let's Create Jubilee Fund Manek Foundation Mersea Homes Charitable Fund (Community Safetyl NET Coronavirus Appeal Programme NLCF Essex Coronavirus Response Fund NS Community Fund Pioneer Fund Provide Foundation lflowthroughl Saffron Building Society Community Fund Salter McKinlay Charitable Salter McKinlay Charitable Turncole Wind Farm Community Benefit Fund WOMAC Fund Total Other Donations and Gifts 109,397 169,906 109.397 169.906 293,796 22.787 22.787 146,994 110.000 110.1)00 63.800 63.800 22.416 22A16 28,603 259,500 259.500 21,630 75.(M)O 75.000 75,000 100,000 139,150 139.150 500.IXIO 500.OCM) 104,290 104.290 20,000 278.960 250,000 25.CK)O 25.000 33,125 354050 354850 17,119 411,492 411.492 515 30,000 20,000 37,400 16,429 1.213,918 477.652 546,247 1.023.899 22A16 1,502,739 1066,332 3.391.487 2,583,489 Funds are disclosed individually where considered significant, based on a threshold of 5% of the category totals, andlor the nature of the transactions within the fund. Consideration of the identity of the parties involved in the transactions, and the effect on the disclosure headings such as ihe opening and closing balances, income, payments and transfers within the fund have also been taken into account when considered whether an individual fund is significant. All other funds not considered individually significant are shown in aggregate. 27

ESSEX COMMUNITY FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30JUNE 2022 INCOMEFROMGRANTS Unrestrict Funds Total Funds Total Funds 2021 Restrlrted Endowmeni Funds Funds Designated 2022 Essex Covid Response Fund Realising Ambitions Fund Mid & South Essex Community Partnership Grants Programme Mid & South Essex Mental Health Inequalities Programme The Henrysmith Charity 140,192 140.192 975,000 54.800 549,189 549.189 168,350 168.350 1.200 1.200 140.900 858,931 858.931 1,170,700 INCOME FROM INVESTMENTS Unrestrict Funds Total Funds Total Funds 2021 Restrlrted Endowmeni Funds Funds Designated 2022 Interest receivable Orher investment income 2.269 2.269 769 46.185 1,068,490 I.114￿75 1,055,295 2.269 46.185 1,068,490 1.116.944 1.056,064 EXPENDITURE ON RAISING FUNDS Unrestrict Funds Total Funds 2022 Total Funds 2021 Restri¢ted Endowmeni Funds Funds Designated Allocèted costs.. Staff costs Premises costs Other costs Publicity and £ommunication5 Investment managers 123.219 3.756 18.457 123.219 3.756 18A57 146.614 24,902 15.555 44.112 44.112 34.356 92.722 92.722 95.164 145.432 44.112 92.722 28Z266 316,591 28

ESSEX COMMUNITY FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30JUNE 2022 Fees paid to Investec Wealth Management were £92,72212021.. £95,164 to Investec and Rufferl these fees are charged directly to endowment funds. CCLA and Liontrust are Unit Trust funds and as such fees are charged, internally to the Fund. The full transactional costs of investment management are shown in the listed Ongoing Charges Figure IOCFI for each manager as shown below.. Fund manager Investec CCLA Liontrust 2022 0.93% 0.80% 0.79% 2021 0.97% 0.86% 0.82% 6. GRANTS PAYABLE AND ASSOCIATED COSTS Arnd AndAdmkn 22 Grant5 payable.. (see SOFAI -designated - r￿tritted 12&191 4,330,516 92,829 4,161h59 4A58,707 4,254A88 Grant support<oM&' Staff cost5 Premises ex￿nSeS 53,417 1.690 24,933 751 145,862 8.706 224.212 11,147 40,300 1.315 214.900 6,760 479A12 19.222 422,218 74,706 609 271 1,623 1503 473 1435 4,630 brochures arketing &publicity Othercost5 Audit cost5 19.907 19,907- 19,907 1&272 7,697 3,421 32,584 12,400 43,702 11400 5,987 30,788 80A77 11400 45,858 11,5 83,320 29,376 196,976 309￿72 48,075 254￿3 676￿29 577,184 Totalc05t of grantmaklng 5,075,336 4,831,672 During the year the Foundation paid out £4,422,122 in grants which included grants awarded in prior periods lsee note 91. Included within management and administration we recognise donated seNices for payroll work totalling £1.441 and legal work totalling £3,480. 29

ESSEX COMMUNITY FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30JUNE 2022 Allocation of support costs Costs that can be recognised as wholly attributable to one of the above categories are direcrly allocated. All other £0Sts including staff and premises expenses are apportioned on the basi5 of an estimate of the time spent by each member of staff within the categorie5. Costs have been apportioned as follows.. CO￿01 generatlng funds Operatlons Grantl o￿t support Management and admlnbstradon Publkhy and communkatlons Investment management Role Chief Executive Marketing & Comm5 Finance Progratnmes Operation5 Development 25% 15% 45% 15% 15% 75% 15 7. COSTS OF RUNNING THE ORGANISATION The totalexpenditure on running ihe organisation was as follows.. 2022 2021 Staff costs Premises Costs Other costs inc. consultancy Literature & brochures Markeiing & publicity Audit costs Relocaiion costs 602.632 18.779 97.582 6.763 19.907 12AOO 4.198 568,830 99,609 59,870 6.174 18.272 11.500 762.261 764,255 Publicity & communication Investment managers fees 44.112 92.722 34.356 95.164 899.095 893,775 Investment managers, fees of £92,72212021'. £95,164) are charged direct to endowmentfunds. £44,41212021.' £34,356) of publicityand communication expenses relating specifically to certain restricted funds is charged direcr to them. The balance of expenditure of £762,26012021- £764,255). comprises regular activities at £758,062 and relocation Iremovall costs at £4,199 expensed within the year. The £764.255 ext￿nditUre is met by transfers from endowment and restricted fundstotèlling £831,29112021.. £880,481 I Inote l 01. is allocated tothe costsof raising fundsand of making grantsas detailed in note 6. Financing of the relocation is detailed in theTrustees' report and the transfers are in note 10. 30

ESSEX COMMUNITY FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30JUNE 2022 GOVERNANCE COSTS Included within management and administration costs are governance costs, comprising.. Total Total 2022 2021 Staff costs Premises Costs Other costs- (including consultancy) Audit fees 66.552 1.878 14.770 12AOO 58,988 9.961 9,996 11.500 95￿00 90A45 GRANTS PAID The highesi fifty aggregated grants paid out within the year are listed below. A full list of all the grants paid out is available at essexcommunityfoundation.org.uk Name Amount£ Homtrstart Essex CHESS Homeless CARA Centre for Action on Rape and Abuse Action for Family Carers BOSP Brighter Opportunities for Special People Cirdan Sailing Trust Pioneer Sailing Trust Brentwood Community Transport Families InFocus (Essex) Citizens Advice Bureau-chelmsford Age Well East Rainbow Services (Harlow) Dengie Project Trust Essex Blind Charity Southend Carers Kids Inspire Cranfield Trust Abberton Rural Training (ART) Farleigh Hospice Renew Counselling Ltd South Essex Advocacy Services Mind in West Essex Colchester &Tendring Youth Enquiry SeNice Castle Point Association of Voluntary SeNices Beacon House Ministries City ofchelmsford Mencap Citizens Advice Bureau- Tendring 127.572 93,084 83,000 73.326 63.507 62.659 61,391 56.000 53,505 52,940 52,000 49,000 47,242 44.000 43.550 41,820 41.500 41.238 41.000 40,104 39,310 39.244 36,947 36,632 36,548 34,893 34,500 31

ESSEX COMMUNITY FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30JUNE 2022 Tendring Community Transport Colchester Gateway Clubs Trust Link5 Lid Southend In Sight Braintree District Mencap CIO Sanctus Firstsite Havens Hospices Dial South Essex InterAct Chelmsford Ltd Yellow Door Youth Hub Integration Support Services Open Road Visions Special Needs and Parents Limited Market Field Farm Mid and North East Essex Mind Safe Steps Mid Tendring Education Partnership ATF 5ouihend Headway Essex Ark Family Resource Centre Thurrock and Brentwood Mind Riverview Charitable Trust CIO 34,500 34,361 33,000 32,000 31,676 31,163 30,192 30,000 29,660 29,000 27,898 27,100 26,920 26,711 26,000 25,IK>O 24,430 24,396 24,000 22,231 22,IK>O 21,047 20,331 Sub-Totsl Other grants £2.060.128 £2.361,994 Tot41 grants paid out in theyear15ee Achievements & Performance p.7) £4A22.122 32

ESSEX COMMUNITY FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30JUNE 2022 10. FUND TRANSFERS Unrestrirted Funds Designated Funds Restrirted Funds Endowment Funds Releaseproperty costs reseNe 700,000 1450.(KJOI 1250.(KJOI Transfers from Acorn endowment to relocaiion costs 75,094 175P941 Redesignation ofAcorn endowment match balance to relocation costs 107,009 1107.(M)91 Transfers to establish designated fund for programme related investment 1356.8371 356037 Transfers to establish designated fund for property improvements impairment 1626,7521 626,752 Transfers of expendable endowments to restricted and designated funds for furtherance of charitable objectives 82,Tr15 1,304,142 11,386,147) Transfers of restricted funds receivable as a coniribution towards Ihecharitls support costs 115,135 1115,1351 Transfers of management contributions from endowmenl or restricted to unrestricted 716,156 11182431 1597,9131 Transfers for Acorn endowment match challenge 121,667) 21,667 Transfers of restricted to endowed Charlie Watkins Fund 183,6921 83.692 Transfers of restricted to endowed Ellisons Fund 14.2651 4.265 Transfers of restricted to endowed for POCA match 1102.1451 102.145 729.805 486.918 630.662 11.847.385) 33

ESSEX COMMUNITY FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30JUNE 2022 11. (al TANGIBLE FIXED ASSETS Fixtures. Fittings & Equipment Cost At l July 2021 Additions 59.711 115.492 At 30 June 2022 175,203 Depre<iation At l July 2021 Charge for the year 48.029 6,877 At 30 June 2022 54,906 Net Bookvalue As at 30 June 2022 120.297 As at 30 June 2021 11.682 The depreciation charge for the year ended 30 June 2022 was £6,87712021'. £7,459). Ibl FIXED ASSETS- Property improvemenls to leasehold Property Improvements to leasehold Cost At l July 2021 Additions 535.256 At 30 June 2022 535.256 Depre<iation At l July 2021 Charge for the year At 30 June 2022 Net Bookvalue As at 30 June 2022 535.256 As at 30 June 2021 The depreciation charge for the year ended 30 June 2022 was £nil12021.. £nill. Occupation of the new offices took place during the last week of June. 34

ESSEX COMMUNITY FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30JUNE 2022 12. (al INVESTMENTS 2022 Funds 2021 Funds Market value at l July 2021.. Listed investments Cash 48.813A47 306.558 43,071,715 245.764 49.120.005 43.317,479 Additions at cost ortransfervalue.. Gifts of shares Purchased Investments Disposals unrealised1105sesygainson revaluation at 30 June 2022 (Lossesvgains realised during the year to 30 June 2022 25.151.961 125.458.4611 7,396,511 18,536,135) 13.215,0851 6AIO,029 1435.8501 79.488 Subtoial (per SOFA) (Decreaselllncrease in cash invested 13fv50,9351 186.3691 6.889,517 52,633 Closing value at 30 June 2021.. Listed invesiments Cash 44.856,012 220.189 48B13.447 306.558 Market value at 30 June 2022 45.076,201 49.120,005 Historic cost of investments 41A55,282 36.150,438 The investments held at the year*nd can be analysed at Ibidl market value as follows.. 2022 2021 Cash deposlts UK equityfunds UK property funds UK fixed interest Iherseas equity funds Other incl. Alternatives & near cash US fixed interest 220.189 11.701.686 2.505.556 879.163 21.731.618 7,380.107 657.882 306,558 14,532,392 2,103,112 957.506 24.656.020 6,027,475 536,942 0.6 29.6 4.3 26.0 50.2 12.3 16.4 45.076.201 49.120.005 35

ESSEX COMMUNITY FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30JUNE 2022 Ibl PROGRAMME RELATED INVESTMENTS 2022 Funds 2021 Funds Market value at l July 2021: Programme related investments Additions at Cost.. Improvements to leasehold property 356.837 Sul>total 356.837 Closing value at 30 June 2022- Improvemenis to leasehold property 356.837 Value at 30 June 2022 35th837 Historic cost of investments 356.837 13. DEBTORS 2022 2021 Accrued legacy Income due forgrants programmes Prepayments and other accrued income Other debtors 300,000 270.211 179.157 7.255 171,530 16,991 456.623 488.521 All amounts fall due for payment within one year. 14 BANK DEPOSITS Short tem bankdeposiis at £168,317 include cash awaiting distribution via thevarious grant programmes. Short term money market fund and bank deposlts at £2.185,522 comprise amounts not immediately required for disbursement. The AAA rating ofthe 5hort-term money marketfund by Fitch was affirmed 4 August 2022. 36

ESSEX COMMUNITY FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30JUNE 2022 15. CREDITORS: amountsf•lling due within one year 2022 2021 Accrued grants liability Accruals Deferred income Inote 171 984.570 195.012 39.300 918.962 109.085 25.( 1.218.882 1.053,047 Deferred income represents grants income received by the charity that relates to future donor4mposed periods. 16. CREDITORS: amounts hlling due•fter more than one year 2022 2021 Accrued grants liability 185.342 212,660 17. ANALYSIS OF DEFERRED INCOME 2022 2021 Deferred income at l July 2021 Released during the year Added in year 25.000 125.0001 39.300 21.(MX> 121.0001 25.( Deferred income at 30 June 2022 39.300 25.(M)O 18. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unre5trirted Designated Restrirted Endowment Funds Funds Funds Funds Tolal Funds Fund balances at 30 June 2022 are represented by. Tangible fixed assets Investments Net current assels less creditors

1 year 120,297 535,256 356037 055.553 44,184,108 45A33.038 892,093 362,033 142077 166,4 735,064 1.406.438 Total net assets 482.330 1,034,970 1.058,557 44,919,172 47A95.029 Further details of movements in restricted and endowment funds aregiven in notes 20 and 21. 37

ESSEX COMMUNITY FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30JUNE 2022 19. UNRESTRICTED FUNDS ljuty 2021 Balance 30June 2022 Balance In<ome Expenditure Transfers General fund&. Revenue fund 482,330 32.456 1762,2611 729A05 482.330 482,330 32.456 1762,2611 729A05 482.330 Deslgnated fund&" Acorn Fund Property COSIS ￿sewe Endowed Match challenge Organisational developmeni reserve Propety fixtures and fittings reserve Propety improvements to leasehold reserve Programme related investment reserve 46,185 1128,1911 82,006 1450,0001 1128,6751 450.000 128.675 51.383 51.383 91.494 91.494 535,256 535.256 356037 356.837 630.058 46,185 1128,1911 486.918 1.034.970 Totsl Unrestrirted Funds 1.111388 78.641 1890.4521 1.216.723 1.517.300 The revenue fund represents ihe free funds of the charity that are not designated for particular purposes and Constitutes part of the charity's unrestricted reserves. The property costs reserve represents funds set aside for the costs of moving to new premises which took place this year. Two new designated reserve funds have been established during the year.. one for the property improvements to leasehold which will be depreciated over the course of the 25-year lease, and the second for the value of the programme related investment which are anticipated will be impaired over their useful life as the charity is not able to charge for the ¢xcupation or sukFletting of ihe space. The designated Acorn Fund represents the income from the Acorn endowed fund, which is an expendable endowment fund. The aim of the fund is to build an endowed fund which is primarily used as a source of grantmaking to improve the quality of life of people in Essex. Any expenditure is agreed by the Board of Trustees and hitherto has been used to make granis, invest in the Foundation's growth ortowards maintaining the agreed level of reserves in the years when there has been an annual deficit. The transfer of £82,006 represents the funding of grantmaking from the Acorn fund. The £450.000 property costs reserve was transferred to finance the relocation. The £128,675 Endowed match challenge was expended partly on matching donations and the balance redesignated to the relocation. Two new reserve funds were established within the year to finance the future impairment of property improvements. Details of all transfers are in note 10. 38

ESSEX COMMUNITY FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30JUNE 2022 20. RESTRICTED FUNDS Investment Incomeand Donations 30 June 2022 Balance 01 July 2021 Balance Grantsand Expenditure Transfer Charlie Watkins Foundaiion lflowthroughl Essex Communily Foundation Restricted Fund Essex Covid Response Fund Essex Police Proceeds of Crime Match Funding Scheme Mid and south Essexcommunity Partnership Grants Programme Mid and South Essex Mental Health"Inequalities' Programme Provide Foundation Total Other Restricted Funds 125.628 22.788 153,7961 185,9041 8,716 259,500 140,192 19,5001 1538,2741 1250,0001 129,1651 427.247 27,147 75,000 1102,1471 549,189 1535B231 113,3661 168,350 354,850 1.620.318 11,8501 15,6631 922.911 166,500 23,134 395,573 1326,0531 12.440,0741 292.418 Restrirted funds clfwd 872.440 3.190.187 13.903.520) 434.816 593.923 Communily Firs1 Funds: Yellow Car Charitable Fund Toial Other Restricted Community First Funds 177.529 86.247 1177,4991 70.150 156,427 322.394 153,726 1293,6091 125,696 308,207 Community First Funds dfwd: 499.923 239.973 1471.1081 195.846 464.634 Total 1,372.363 3,430.160 14.374.628) 630.662 1,058.557 Restrirted funds are funds that have been given for particular purposes and projects in orderfor the Foundation to fulfil its charitable objectives. Funds are disclosed individuèlly where considered significant, based on a threshold of 5% of ihe category totals. andlor the naiure of the transactions within the fund. Consideration of the identity of the parties involved in the transactions, and the effect on ihe disclosureheadings such as the opening and closing balances. income, payments and transfers within the fund have also beentaken into account when considering whether an individual fund is significant. All other funds not considered individually significant are shown in aggregate. All funds are listed separately in the Detailed List of Restricted Funds which follows these Financial Statements. Transfers include both iransfers of expendable endowments to restricted funds for funherance of charitable objectives and also management fees charged on endowed funds. 39

ESSEX COMMUNITY FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30JUNE 2022 21. ENDOWMENT FUNDS 30 June 2022 (Losses) Gains Inv*stm•nt 01 July 2021 Donation5 Transfers Balance Acorn Fund Braintree District and Greenfields Community Fund Butler Educaiional Foundation Chrysalis Fund Community Resilience Fund Diana finson Fund Essex Fund Jerome Booth Charitable Fund Malcolm & Beryl Crook Fund Manek Foundation Mersea Homes Charitable Fund (Community Safety) Pioneer Fund Saffron Building Society Community Fund Thriving Third Sector Fund William and Gladys Pudney Memorial Fund Toial Other Endowed Funds 2.139,664 109,394 1169,7111 14,8981 1162,0141 1.912,435 2.240,958 1161,6611 15.0511 1117,4551 17621 180,S941 171,6901 1136,8651 177,2081 156,S161 171,7581 1.956,791 169.144 1.389,612 169.906 I,S97,235 1123,3781 13bS11 1.370,744 2.742,227 1.490,760 1.060,912 199,0761 1213,2411 13,0901 16.2911 13,4471 12,4271 1.196,888 2.385,830 1.291,819 918,511 183,4581 1.130,234 187,8141 140,7111 12,5941 12401 968,068 458,936 5(K),O(K) 41,290 1.023,176 120,710 17,7161 176,8141 124SI 12,3361 152,6631 154,8601 101,376 889,165 83,143 411,492 16,2291 16,4431 481,773 3.016,771 1232,8761 16,9211 196,2631 2,680,711 3.725,512 18,456,313 1303,8531 18,6521 11,483,166) 142,6891 97,986 1646,0831 3.510,993 16.838,318 553,943 Endowed Funds dfwd 40.118,939 1,866,332 13,208,8771 192,7221 11,533,3011 37.150,371 Communily First Funds: Yellow Car Charitable Fund Total Other Endowed Community First Funds 3.061,909 1159,2401 1106,2191 2.796,450 5.463,034 1282,8181 1207,8651 4.972,351 Community First Funds dh¥d: 8.524.943 1442.0581 1314.0841 7.768A01 Totsl 48,643,882 1,866,332 13,650.9351 192,7221 11,847.3851 44,919,172 Theendowment funds represent those assets, which are held in the long term by the charity, principally investments. Income arising on the endowment fund can be used in accordance with the objects of the charity or in line with donor wishes on restricted funds. Endowment funds are expendable. Transfers include both transfers of expendable endowments to restricted fund5 for furtherance of charitable objectives and also management fees charged on endowed funds. Funds are diKlosed individually where considered significani, based on a threshold of 5% of the category iotals, andlor the nature of the transactions within the fund. Consideration of the identity of the parties involved in the transactions, and the effect on the disclosure headings such as the opening and closing balances, income.

ESSEX COMMUNITY FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30JUNE 2022 payments and iransfers Wlthin thefundhave also been taken into account when considering whether an individual fund is significant. All otherfunds noi considered individually significant are shown in aggregate. All funds are listed separately in the Detailed List of Endowed Funds which follows these Financial Statements. 22. EMPLOYEES AND STAFF COSTS 2022 Number 2021 Number The average number of employees of the Foundation was 14 Total staff costsfor the year were.. Wages and salaries Social security costs Pension costs 553.491 46.034 36.735 491.573 43.533 33.726 636.260 568A32 At the year end the Foundationemployed 12 full time and 3 part-time members of staff12021..1 O full-time, 3 part- timel. During the year there was one employee whose salary, before any salary sacrifice. was between £70.000-£80.000 12021.. One employee. £70,00￿£8O,o[Xj1. No other members of staff eamed over £60.0(x). The total cost to the charity (including salary. social security and pension) of remunerating key management personnel in the year was to one employee, £92&1812021.' one employee, £94.2941. 23. PENSIONS The Foundation pays pension contributions via its aut¢>enrolment scheme with Royal London. Employees have ihe option to contribute via a salary sacrifice scheme option within the same scheme. The policy provides for benefits on a defined contribution basisand the pension provider holds the assets underlying the policy. The pension cosi Charge which represents the contributions payable by the Foundation amounted to £36,73512021'. £33,726). The amount paid for Death in Service benefil was £4,357. 41

ESSEX COMMUNITY FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30JUNE 2022 24. RELATED PARTYTRANSACTIONS. VOLUNTEEAS AND DONATED SERVICES All the following transactions are permitted by the Charity's constitution and appropriate procedures were in place and observed beforethey were entered into. During the year under review. Grants- related party transartlons A grant of £80,000 was awarded to Cirdan Sailing Trust. ECF Trustee, Simon Hall, is an adviser to this organisation. Four grants totalling £51,900 were awarded to Wilderness Foundation. ECF Trustee, Simon Hall, is Patron of this organisation and ECF Trustee, Peter Martin, is a Trustee of this organisation. Three grants totalling £17.31 O were awarded to Open Road. ECF Trustee. Simon Hall. is Patron of this organisation and ECF Chairman, Nicholas Alston, is a Trustee of this organisation. A grant of £300 was awvarded to CPRE Essex. ECF Trustee, Simon Hall is a victrpresident of this organisation. A grani of £41,500 was awarded to Cranfield Trust. ECF Trustee, Gemma Cartwright is a volunteer mentor with this organisation. Three grants totalling £21.047 were awarded to Thurrock and Brentwood Mind. ECF Grants Officer. Zoe Brampton's mother. is employed by this organisation. TTustees- related party iransadions An amount of £129 relating to expenses was reimbursed toTrustees Wlthin the year12021.. £nill. Seven Trustees made donations io the Foundaiion during ihe year totalling £511,09812021.. Eight, £33,374). No Trustee or connected person received any remuneration either directly or indirectly. Volunteerlng Three offiC￿aSed volunteers provided 848 hours or 121 days of administrative support during the year12021.. Seven, 1 $09. 2161. Donated Services Streetswhittles, West Mersea. provided professional services relating to payrollvalued at £1.441 on a pro bono basis 12021.. £1.1911. Martin Hopkins of Birkett Long LLP provided professional services on a pro bono basis valued at £3,48012021.. £3,480). 25. COMMITMENTS Operatlng Lease Commitments Land and Bulldings 2022 2021 Wiihin One Year Payable 2-5 years Greater than 5 years 9k+26 24.750 20 9.650 24.750 The total payable under operating leases in the yearwas £9.62512021.. £24,750). We agreed a Deed of Variation with our previous landlords which remov￿ the existing break clauses and provided a o-month rolling notice effective from April 2021. Notice was served and the leaseexpires on 14 October 2022. 42

ESSEX COMMUNITY FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30JUNE 2022 We have signed a Lease for the new offices, which we occupied in June 2022. In accordance with the terms of the Lease we will pay an annual rent of £1. if demanded. Other Commitments Included within creditors due within one year are charitable commitments of £nil12021.. £110.7501 in relation to the Henry Smith Charity. There are charitable commitments to other charities totalling £984,57012021.. £808,211). included within creditors due within one year and creditors due in greater than one year. 26. NOTES TO THE CASH FLOW STATEMENT Recon¢iliatlon of net in<omeio net cash flowfrom operatin9 a¢tivities 2022 2021 Net Income Endowment donations Investment Income Depreciation charge Decrease in debtors Increase/ IDe(reasel in creditors 17.331 11.866.332) 11.116,9441 6.877 31.898 138.517 1332,2251 1724,4291 11,056,064) 7.459 394.533 1240,4861 Net cash outhow from operaiing acThvities 12.788.653) 11.951.212) Ibl Analysis of net funds Movemeni In C•sh Flow 2021 2022 Cash at bank and in hand Short term bank deposlts Short term money marketfund 200 683.316 2,090,616 200 168.317 2.185.522 1514.9991 94.906 2,774,132 1420.0931 2.354.039 43

ESSEX COMMUNITY FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30JUNE 2022 27. COMPARATIVE STATEMENTOF FINANCIALACTIVITIES (extract frorn the financial 5tatement5 for theye3rended 30 June 20211 Expenthble Endowment Funds Totsl Funds 2021 Unrestrirted Funds Re5tricled Funds DeS￿nated INCOMEAND EN(>OWMENTS FROM: Donations and legacie5 DonatlOn50ndleg(K*5 Gffont5 char￿ta￿e actlvStles 28,603 1,830,457 1,170,7(Y) 724A29 l583,489 1,170,71KI 5,785 1,05fj064 5,785 769 Investment5 37,036 1,018,259 TOTAL INCOME 35,157 37,036 4,019,416 724A29 4￿&038 EXPENDITURE ON: Rai￿ng funds Charita￿e activitie5 187,071 577,184 34,356 4,161,659 95,164 316,591 4037￿72 91829 TOTAL EXPENDITURE 764,255 91829 4,196,015 95,164 5,148,263 Net1ncornebeforegain￿1lOS5e5I on investment5 1729,098) 155,7931 1176,5991 629,265 133l225i Netgalnsl Ilossesl on Investments 6.889,517 889,517 Net lncomel1expendl￿￿e) 1729,098) 155,7931 1176,5991 7,518,782 6,557,292 Transfers between funds 729,098 85%51 902,400 11,717,3491 Netmovement Infunds 30,058 725,801 5AOI,433 6,557,292 Total fvnds broughtforward 482,330 6(X),000 646,562 42,842,449 44,571,341 Toialfunds carvled forward 482,330 630,058 1,372,363 48,643,882 51.128,633

ESSEX COMMUNITY FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30JUNE 2022 COMPARAnvES FOR NOTE 2 INCOME FROM DONATIONS AND LEGACIES Total Funds 2021 Unrestrlrted Funds Restrlrted Funds Endowmeni Funds Acorn Fund Annabel & Gerald Malton lfiowthroughl Bengsten Family Fund Charlie Waikins Foundation lfiowrhroughl Essex Community Foundation Restricted Fund Essex Police Proceeds of Crime Match Funding Scheme Gwendy Marrs Fund NEfcoronavirus Appeal Programme NLCF Essex Coronavirus Response Fund 293,796 293.796 146.994 14th994 75.( 75.000 100,000 100.000 278,960 278.960 250,000 250.1)00 NS Community Fund Pioneer Fund Police Authority Essex Police Property Act Fund lflowthroughl Salter McKinlay Charitable Salter McKinlay Charitable Southend Community Fund Tampon Tax Fund Turncole Wind Farm Community Benefit Fund WOMAC Fund Total ￿her Donations and Gifts 33,125 33.125 30.(MX> 30.01)0 20.000 807 221 20,CM)O 221 37.400 37.400 16.429 1.005,453 16.429 1.31)0.757 28.603 266,701 28.603 1.830.457 724.429 2.583.489 45

ESSEX COMMUNITY FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30JUNE 2022 COMPARATIVES FOR NOTE 3 INCOME FROM GRANTS T￿al Funds 2021 Unrestrided Funds Restricted EndowmeThl Funds Funds Designat Essex Covid Response Fund Realising Ambiiions Fund The Henrysmith Charity 975,000 975.IX)O 54.800 54.800 140,900 140.900 1,170,700 1.170.700 COMPARATIVES FOR NOTE 4 INCOME FROM INVESTMENTS Unrestrirted Funds Tolal Funds 2021 Restricted EndowmeThl Funds Funds Designated Interest receivable Other investment income 769 37.036 1,018,259 lJ)55.295 769 37.036 1,018.259 1.056.064

ESSEX COMMUNITY FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30JUNE 2022 COMPARATIVES FOR NOTE S EXPENDITURE ON RAISING FUNDS Total Funds 2021 Unrestrided Funds Re$trirted Funds EndowmeThl Funds Designated Allocated costs.. Staff costs Premises Costs Other iosts Publicity and communications Investment managers fee 146,614 24,902 15,555 146.614 24.902 15.555 34.356 34.356 95.164 95.164 187.071 34.356 95.164 316.591 Fees paid to Investec Wealth Management were £95,16412020'. £91,913) these fees are charged directly to endowmentfunds. CCLA ènd Liontrusi are UnitTrusi funds and assuch feesarecharged, internallyto the Fund. The full transactional costs of investment management are shown in the listed Ongoing Charges Figure IOCFI for each manager as shown below.. Fund manager Investec CCLA Liontrust 2021 0.97% 0.86% 0.82% 2020 0.86% 0.83% 47

ESSEX COMMUNITY FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30JUNE 2022 COMPARATIVES FOR NOTE 6 GRANTS PAYABLE AND ASSOCIATED COSTS Publicity and communkatlons Manoyement In¥esiment and management adminlstration Manoyement and èdmln subtotal ProiKt support costs Total 2021 Grants payatAe.' (see SOFAI -designated restrScied 92,829 4,161,659 4254A88 Grant supp)rtcost Staff c05t5 PremSses expen5 LSterature& brixhures Marketitlg& 79,657 14,941 21,810 134.244 26A94 235.711 44￿23 186,507 29W3 422,218 74,706 926 185 1,667 1778 4￿30 18,272 18372 18372 Otherc05t5 AuditC05t5 8,407 1,681 18,957 11,500 29045 11,500 45A58 11,500 122,203 26b64 193,262 341129 235,055 577,184 Total costof grantrnoking 4,831,672 Costof generatin9 funds Grantl projec¢ support costs Pélanagement and dministration Publicityand Investment mmunications management Role Chief Executive Marketing & Comms Finance Programmes Developmeni 25% 15% 45% 15% 15%

ESSEX COMMUNITY FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30JUNE 2022 COMPARATIVES FOR NOTE 10 FUND TRANSFERS Unr•strlrt•d Fund5 D•$5gnat•d Funds R•strlrt•d Funds Endowment Fund5 Transfer to organisaiional development reserve 151,383} 51,383 Transfers to propenycosts reseNe 1100.CKJOI 100,O(M) Transfers of expendable endowments to restricted and designated funds for furtheranceof charitable objectives 55.791 1.402,141 11,457,9321 Transfers of restricted funds receivable as a contribution towards the charity's sUPPOrt costs 196,464 1196.4641 Transfers of managemeni contributions from endowment or resiricted to unrestricted 684,017 1115,1041 1568,9131 Transferfor Acorn endowment maich challenge 1121,3231 121,323 Transfer of restricred to endowed Charlie Watkins Fund 1100,0001 100,000 Transfer of restricred to endowed Banleet Family Fund 111.5001 11.500 Transfers of restricted to endowed for POCA match 176,673} 76,673 729.098 85.851 902.400 11.717.349) 49

ESSEX COMMUNITY FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30JUNE 2022 COMPARATIVES FOR NOTE 18 ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestrirted Designated Restri<ted Endowment Funds Funds Funds Funds Total Funds Fund balances at 30 June 2021 are represented by. Tangible fixed assets Investments Net current assets less creditors

1 year 11,682 11.682 49.120.005 49,1 470,648 630,058 1,372,363 1476.1231 1.996.946 Totsl Thet assets 482.330 630.058 1,372,363 48.643A82 51,128.633 Further details of movements in ￿Stricted and endowment funds are given in notes20 and 21. 50

ESSEX COMMUNITY FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30JUNE 2022 COMPARATIVES FOR NOTE 19 UNRESTRICTED FUNDS l July 2020 Balan 30June 2021 Balance Income Expenditure Transfers General fund&" Revenue fund 482,330 35,157 1764,2551 729,098 48Z330 482.330 35,157 1764.2551 729.098 481330 Deslgnaiedfund&" Acorn Fund Propety costs reseNe Endowed Match challenge Organisational development reserve 37,036 192,8291 55,793 100.000 1121,3251 51.383 350,000 250,000 450.000 128,675 51.383 600.000 37,036 192,8291 85.851 630.058 Total Unrestrl¢ted Funds 1.082.330 71193 1857.0841 814.949 1.112.388 The revenue fund represents the free funds of the charity that are not designated for particular purposes and constituies part of the charity's unrestricred reserves. The property costs reserve represents funds set aside forthe costs of moving to new premises planned in 2021122. The endowed match challenge represents the balance of funds set aside from a £250,(x)O endowed match challenge programme launched ihis year raising new donations to the Acorn endowed fund. The designated Acorn Fund represents the income from the Acorn endowed fund, which is an expendable endowment fund. The aim of the fund is to build an endowed fund which is primarily used as a source of grantmaking to improve the quality of life of people in Essex Any expenditure 15 agreed by the Board of Trustees and hitherto has been used to make grants, invest in the Foundation's growth or towards maintsining the agreed level of reserves in the years when there has been an annual deficit. 51

ESSEX COMMUNITY FOUNDATION

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2022

73,000 134,045 (68,159) 141,951 280,837

4,983,551 - 722,875 - (243,392) 5,463,034

The following pages do not form part of the financial statements Detailed list of Designated Funds Detailed list of Restricted Funds Detailed list of Endowed Funds 54

ESSEX COMMUNITY FOUNDATION DESIGNATED, RESTRICTED AND ENDOWED FUNDS LISTS FOR THE YEAR ENDED 30JUNE 2022 Deslgnated funds Investment Income and Grants and Donations Expendlture 01 July 2021 Balan¢e 30 June 2022 Balance Transfer Acorn Fund Property costs reseNe Endowed Match challenge Organisational development reserve 46,185 1128,1911 82,006 1450,0001 1128,6751 450,000 128,675 51,383 51,383 Property improvements to leasehold reserve Programme related investment reserve 626.752 626,752 356.837 356037 Sub Total clfwd 630.058 46.185 1128.1911 486.920 1.034.972 55

ESSEX COMMUNITY FOUNDATION DESIGNATED, RESTRICTED AND ENDOWED FUNDS LISTS FOR THE YEAR ENDED 30JUNE 2022 Restrl<ted funds Investment Income and Grants and Donations Expenditure Transfer 01 July 2021 Balance 30 June 2022 Balance

IWILL Fund

3,300 13.3001 13.0001 15.0001 16,6951 14,3001 Ajvir Singh Sandhu Leadership Fund AJW Charitable Fund Alan and Fay Cherry Fund Alasiair and Patricia Stewart Charitable Fund Alastair and Patricia Stewart (Community Safety Fund) Alston Family Charitable Fund Annabel and Gerald Malton Charitable Fund Arthur J. Gallagher Community Fund Asquiih Family Fund Austin Hicks Charitable Fund Bailey Family Fund Ball Family Fund Bartella Charitable Fund Bartleet Family Fund Belinda Starling Memorial Fund Belinda Starling Memorial Fund IFlowthroughl Bengtsen Family Fund Beresford Foundation Bill Southern Legacy Fund Birketts Charitable Fund Birkeits Charitable Fund (Flowthroughl Birkett Long Community Fund Birkett Long Community Fund (Flomhroughl Blanc Family Fund Bradwell 6 Fund Bradwell Wind Farm Community Fund Braintree District and Greenfields Community Fund Brian and Julie Cue Fund Britvic Community Fund Builer Educational Foundation Butler Family Fund Charlie Watkins Foundation Charlie Watkins Foundation (Flowthroughl Chelmsford Star Co-op Community Fund (Flowthroughl Chelmsford Star Co-op Community Fund Christopher Holmes Charitable Fund 1.240 1.836 2,428 1,553 1.760 3.164 4,267 2,747 1,182 2,153 13,1801 16,1211 1,998 3,968 20.748 19,626 936 539 1,142 1,433 836 7,417 16,943 2,697 I,soo 5,626 342 1,047 3,305 12,5861 11,4841 13,1901 14,1071 12,3521 120E981 141,3251 17,6081 11,sooi 115E891 16721 12,7161 18,7011 14761 1,650 945 2,048 2,674 1,516 13,481 24,382 4,911 10,263 330 1,669 5,396 476 1,037 12,9221 15.3451 144,3021 1.885 5,345 17,454 40,271 13.6611 9,762 47,419 224 1137B081 90,389 12241 5,906 3,365 19,2711 1,490 4.017 22.788 12,5001 1,010 14.0171 153,7961 185,9041 125,628 8,716 9.000 15,000 324 19,0001 11,5001 18961 572 157,7181 13,500 20,574 37,144 56

ESSEX COMMUNITY FOUNDATION DESIGNATED, RESTRICTED AND ENDOWED FUNDS LISTS FOR THE YEAR ENDED 30JUNE 2022 Chrysalis Fund Clark Family Charitable Fund Colchesier Fund Collier Family Fund Community Resilience Fund Coombewood Amenity Fund Crix Charitable Fund Daphne Woodward Home-start Fund Dennis and Kathleen Smith Fund Diana Tinson Fund Douglas Allen Foundation Drop Swap Iniiiative Fund Duet Fund Earls Hall Farm Community Benefit Fund East of England Co-op Community Cares Fund Ellisons Foundation Ellisons Foundation (Flowthroughl Elspeth Hodgkinson Fund Essex & Southend Sports Charitable Fund Essex & Suffolk Water Community Fund 34.365 760 193,8411 59.476 12,1571 1,397 12,2271 1,432 16,0001 3,420 182,0001 52,994 114.5081 9,278 124,5001 18,423 19,3901 2,801 142,7481 27,608 1163.6111 104,459 175,6591 110,0001 14,3501 13481 125,0941 6,763 129,4771 11,5301 167,0001 16,8001 795 2,580 29,006 5,230 6,077 6,589 15,140 59,151 110.000 4,698 18,331 16,825 63,800 24,341 15,243 45,000 1,061 35,000 4,265 2,483 25,000 3.641 14,2651 16,8341 4,351 120,6701 12,5001 112,7941 9.153 5.117 6,947 Essex Community Foundaiion Restricted Fund Essex Community Foundation Team Fund Essex Coronavirus Response and Recovery Fund Essex County Fire & Rescue Service Charitable Fund Essex Covid Response Fund Essex Education Fund Essex Fund Essex Heart Fund Essex Heart Fund (Flowthoughl Essex Police Proceeds of Crime Match Funding Scheme Essex Rural Fund Essex Young Musicians Trust EWAGCharitable Fund Firebird Fund Frank Lichfield General Charitable Fund FW Charitable Fund Galloper Wind Farm Community Fund Gary Sullivan Charitable Fund George Courtauld's Educational Fund Golbourn Family Fund Gwendy Marrs Fund Harlow Education Trust 259,500 828 19,5001 1250,0001 12,3101 1,482 4,434 14,4391 6,300 140.192 7,195 32,491 975 14,090 117,2001 10,900 1538,2741 129,1651 120,2151 13,020 189.4451 56,954 19751 16221 427.247 11.074 15,6761 18B66 27.147 75,000 5,577 7,203 2,144 10,930 25,000 1,953 12,665 1,577 1,429 2,896 1,082 2,109 1102,1471 114,7351 9,158 12,2001 15,0031 15,9501 3,806 130,4671 19,537 122,5001 12,5001 15,0001 3,047 112.7671 11,1511 14,5071 2,930 12,7501 1,321 17,4661 4,570 112,6001 11,518 16,0511 3,942 5.134 3,881 57

ESSEX COMMUNITY FOUNDATION DESIGNATED, RESTRICTED AND ENDOWED FUNDS LISTS FOR THE YEAR ENDED 30JUNE 2022 Harlow Recreation Trust Harwich Haven Authority Community Fund Harwich Haven Authority Community Fund (Flowthroughl Harwich Mayfiower Legacy Fund Harwich Peninsula Educational Support Trust Hew Watt Family Charitable Fund High Sheriff5' Fund High Sheriffs, Fund IFlowthroughl Hills Family Charitable Fund Hollis Family Fund Icommunity Safetyl Honalee Fund Humphrey Pennington Fund Hutton Charity lan and Angela Marks Charitable Fund Jack Elliott Charitable Fund Jerome Booth Charitable Fund John and Wenna Marks Charitable Fund Joseph and Lilian Sully Foundation Kay Jenkins Fund Leezecharitable Fund Icommunity Safety) Let's Create Jubilee Fund Longfield Solar Fund Malcolm and Beryl Crook Fund Manek Foundation Margaretting Fund Marion Ruth Courtauld Educational Fund Maypole House Charitable Fund Mersea Homes Charitable Fund Mersea Homes Charitable Fund (Community Safety) Michael Pratley Charitable Fund Mid and South Essex Community Partnership Grants Programme Mid and South Essex Mental Health 'Inequalities" Programme Middlewick Wind Farm Community Benefit Fund Middlewick Wind Farm Scholarship Fund Milsom Charitable Fund Minter Family Fund (Community Safety) Minter Family Fund Moody Fund Nicki Alvey Bazlinion Trust Nscommunity Fund Icommunitysafetyl Opportunity Fund 18.108 1,983 150,0801 15,5241 31.972 3,541 13.000 35,000 913 917 19,781 11.425 18,6811 12,0951 12,6001 155,7121 13,5001 1,182 1,683 35,931 111,4251 11.329 1,490 1,326 1,071 4,768 1,021 7,337 852 35BI 9 40.308 820 788 589 446 12,3101 12,1141 11,6601 17,5001 13,0001 111.4001 11,3241 163,6211 40,727 118,0001 11,203 113,5001 12,0001 18,2801 5,532 116E851 10,872 1128B421 110,3081 16,2501 11,0001 179,6501 55,229 13,7401 716 2,732 1,979 4,063 472 22,894 6,797 20,000 2,748 6,013 139,150 11,000 24,421 3,740 408 5,137 3,954 2,170 4,500 9,000 6,250 i 0,000 11,1241 12,0181 7,277 307 12,4771 5,079 2,460 18,5481 16,8421 3,469 4,382 549.189 1535B231 113,3661 168.350 11,8501 166.500 471 21.972 31,050 10,500 1,113 2,731 1,061 50,000 612 117B241 13,1051 11,0501 15,0001 3,887 17,3141 4,583 13,0071 1,946 121.6011 12,5001 11,7501 1,138 15,6001 3,569 12,5001 556 10.592 31.422 20.859 46,758 2,031 1,944 58

ESSEX COMMUNITY FOUNDATION DESIGNATED, RESTRICTED AND ENDOWED FUNDS LISTS FOR THE YEAR ENDED 30JUNE 2022 Pioneer Fund Police Property Act Fund Poter Family Fund Priest Foundation Provide Foundation Provide Foundation (Flowrhroughl Rickard Luckin Community Fund River City Fund (Community Safety) Roger and Jean Heath Charitable Fund Roger and Jean Heath Charitable Fund IF10￿hroughI RSM Community Fund Saffron Building Society Community Fund Saffron Building Socieiy Community Fund (Flowthroughl Salter McKinlayCharitable Fund Salter McKinlay Charitable Fund (Flowthroughl Salix Trust Icommunity Safetyl Searle Trust Sebright Fund Sound Financial Planning Charitable Fund Southend Community Fund Spence Family Fund Squier Charitable Fund Squirrel Fund Stour Valley Environment Fund Stour Valley Environment Fund (Flomhroughl SuNiving Winter Appeal Taylor Family Fund Teledyne e2v Foundation The Henry Smith Charily Thomas & Evelyn Gepp Fund Thriving Third Sector Fund Thurrock Fund 21.839 5,850 1,124 547 161,3911 115,4361 13,0001 11,3271 148,5931 30,944 1326,0531 15,6631 13,2331 2,062 18,9321 5,798 116.2731 10.460 14771 12,3701 15,0171 39.552 9,586 1,876 780 17,649 354.850 23,134 3,134 5,813 477 1,506 3,245 1,772 30,900 2,832 114.3101 12,3401 12,8321 14,250 14.480 12,1301 12,350 13,516 2,691 17,5681 17,7341 11,5601 137.7491 16,0001 16401 12,0981 11,9851 11,0001 19,1451 17881 11 OB971 15,9481 5,043 871 13,710 3,389 226 24,039 2,611 414 768 1,330 1,126 859 2,500 2,422 206 7,254 287 3,932 1,200 1,266 65,028 1.706 31 151K>l 501 6,965 11,2001 2,334 61.023 13,6001 1126,0511 16.6411 118,5271 11.960 140,5631 13.9701 12,0721 1,321 115.3701 9,843 59,481 1141,2421 13,5001 1,361 19,7341 18001 11,6701 1,088 2.408 4.233 rinneveld Family Fund Turncole Wind Farm WG Stacey Family Fund White House Farm Charitable Fund William and Gladys Pudney Memorial Fund William Julien Courrauld Medical Fund WOMAC Fund Young Sport Fund 6.567 44,603 58.960 59,030 751 5,527 81,761 2,139 22,683 582 19.036 31,185 Sub Total clfwd 872.440 3.190.187 13.903.523) 434.818 593.922 59

ESSEX COMMUNITY FOUNDATION DESIGNATED, RESTRICTED AND ENDOWED FUNDS LISTS FOR THE YEAR ENDED 30JUNE 2022 Restricted funds {cont.} Invstm•nt 01 July 2021 30 Junè 2022 Income and Grants and Balanc• Donatlons Expnditur Transf•r Bal•nc SubTotal blfvid 871440 3.190.187 13.903.523) 434.818 593.922 Annabel and Gerald Malton Charitable Fund Belinda Starling Memorial Fund Birkettscharitable Fund Brooks Family Fund CoodtrAdams Firstsite Charitable Fund Duet Fund Essex Rural Fund Jean and Peter Davey Charitable Fund Koinonia Charitable Fund Link-ed Mikewilliamson Memorial Fund Little Braxted Community and Educational Fund Maypole House Charitable Fund Mersea Homescharitable Fund Minter Family Fund River City Fund Sebright Fund Southend Education Fund Wilkinson Family Charitable Fund Yellow Car Charitable Fund 7.959 12,421 5,047 11.382 20,888 54,916 8,500 27.633 10.807 7.676 3.836 5.409 17.9581 110,8821 15,0451 3.146 4.429 6.983 11,377 4,446 i 0,000 18.372 48.344 7,485 24.312 9,500 12,757 2,444 5,494 10,097 26,695 4,116 13,364 5,216 3,891 2,000 4,505 8,273 21,639 3,370 10,946 4,277 3,190 120E861 154,9061 18,5011 127.6311 11 oEooI 12,0001 35,535 28.357 4,053 6,239 4,306 23,706 11.412 41,557 177.529 16.267 13,498 1,199 3,022 2,085 11,480 5,505 20,108 86,247 114,0001 128.3571 14,0541 16,2371 14,2921 123,7061 111.4141 141,5561 1177,4991 13,323 11,053 983 2,473 1,707 9,398 4,515 16,468 70,149 51,125 24.551 2,181 5,497 3,806 20B78 10,018 36.577 156.426 Sub Total clfwd 499.923 239.973 1471.1051 195.844 464.635 Total 1.372.363 3A30.160 14.374.628) 630.662 1.058.557

ESSEX COMMUNITY FOUNDATION DESIGNATED, RESTRICTED AND ENDOWED FUNDS LISTS FOR THE YEAR ENDED 30JUNE 2022 Investme nt 30 June 2022 Endowment funds 01 July 2021 (Lossesv Galns Donatlons Fees Transfers Balance Acorn Fund Ajvir Singh Sandhu Leadership Fund AJW Charitable Fund Alan and Fay Cherry Fund Alasiair and Patricia Stewart Charitable Fund Alasiair and Patricia Stewart Charitable Fund (Community Safetyl Alston Family Charitable Fund Arthur J. Gallagher Community Fund Asquiih Family Fund Austin Hicks Charitable Fund Bailey Family Fund Ball Family Fund Bartella Charitable Fund Bartleel Family Fund Belinda Stading Memorial Fund Bengtsen Family Fund Beresford Foundation Bill Southern Legacy Fund Birketts Charitable Fund Birkeit Long Community Fund Blanc Family Fund Braintree District and Greenfields Community Fund Brian and Julie Cue Fund Britvic Community Fund Butler Educational Foundation Butler Family Fund Charlie Watkins Foundation Chelmsford Star CO-OP Community Fund Christopher Holmes Charitable Fund Chrysalis Fund Clark Family Charitable Fund Colchesier Fund Collier Family Fund Community Resilience Fund 2,139,664 109,394 1169,7111 14,8981 1162,0141 1,912,435 57,036 85,214 111.586 14,5421 16,6651 18,8861 12,8881 14,8421 16,4161 49,474 76.012 96.026 2.500 11951 12581 73,194 15,5981 11651 14,1561 63,275 53,001 5,799 14,5401 11241 53,905 102.024 17,5971 12291 15,9201 88,278 43,105 24,740 53,112 68,473 39,196 348,069 780,595 13,4321 11,9681 14,0771 15,1011 12,9271 126.5171 161,6931 1991 1571 139,5741 11,4341 13,0871 13,9711 12,2801 119,0391 136,4521 21,281 45,827 59,250 33,900 301,931 680,651 1891 17891 11,7991 207 126,806 264,815 15,781 45.258 145.000 19,7241 119.9181 11,2581 14,2741 113,1881 12861 15981 1371 11081 13441 17,2451 114,5981 16931 12,6641 18,1951 109,551 229,701 23,793 50.712 144.523 10,000 12.500 21,250 41,645 10,387 12081 12,8861 41,437 52,457 48,707 13,6401 2,240.958 1161,6611 15,0511 12,4401 112,3311 1117,4551 1641 18,6981 1.956.791 27.482 133.253 30.000 154.639 13571 169,906 17621 12,3761 121,230 169,144 61,496 257,707 69,346 139,775 15,3151 122B301 11591 14101 19,942 14,925 15,000 11,1891 1341 19421 27.760 961.974 1.597.235 35,950 37,109 104.696 1,370.744 173,7481 12,1881 1123,3781 13,6511 12,7341 1801 12,8371 1851 110.1971 12761 199.0761 13,0901 151,6701 180,5941 12,0871 12,1581 15,7891 171.6901 834.368 1.389,612 31,674 32,029 113.434 1.196A88 625 25,000 61

ESSEX COMMUNITY FOUNDATION DESIGNATED, RESTRICTED AND ENDOWED FUNDS LISTS FOR THE YEAR ENDED 30JUNE 2022 Coombewood Amenity Fund Crix Charitable Fund Daphnewoodward Hom Start Fund Dennis and Kaihleen Smith Fund Diana Tinson Fund Duet Fund Ellisons Foundation Elspeth Hodgkinson Fund Essex & Suffolk Water Community Fund Essex Community Foundation Team Fund Essex County Fire and Rescue Service Charitable Fund Essex Educaiion Fund Essex Fund Essex Heart Fund Essex Rural Fund 241,808 282.156 118E931 122,1151 15561 113,3471 123.0301 209,012 236.367 304.952 123,7741 17011 17,8331 272.644 712.463 2,742.227 841.168 154.0571 11,6091 1213,2411 16,2911 167.2331 11,9451 138.4301 1136B651 119E401 4,2LH 16,5561 618.367 2.385A30 752.150 4,244 104,564 114,389 6,250 19,2571 12621 174.151 112,6941 13871 112,1231 148.947 38,494 1,902 12,9061 1881 12,2441 35,158 287.723 337.769 1,490.760 44,775 258,635 330,492 100,553 507.773 83,307 75.111 15.000 123.5221 16721 125E781 17621 1119,1731 13,4471 13,5611 11041 119,9871 15941 126.4291 17641 17,5061 12291 139.3921 11,1621 18,2891 12041 15,5791 11671 115,7671 118,4081 177.2081 15 113,5091 14691 15,7531 127,4921 1,350 14,3631 262.762 292.721 1.291B19 53,615 236,137 303.299 87.065 439.727 88,664 65,002 12,490 11.592 Essex Young Musicians Trust EWAG Charitable Fund Firebird Fund FW Charitable Fund Gary Sullivan Charitable Fund George Courtauld's Educational Charity Golbourn Family Fund Gwendy Marrs Fund Harlow Education Trust Harlow Recreation Trust Harwich Haven Authority Community Fund Harwich Mayfiower Legacy Fund Harwich Peninsula Education Support Trust Hew Watt Family Charitable Fund High Sheriffs. Fund Hills Family Chariiable Fund Hollis Family Fund (Community Safety) Honalee Fund Humphrey Pennington Fund Hutton Charity lan and Angela Mark5 Charitable Fund Jack Elliott Charitable Fund 12,500 67.592 124,430 54,725 100,843 835.797 15,1321 12,6241 17,1271 112,4621 15,8531 144EI 51 59.684 129,807 39,086 87,285 723.400 25,000 13051 13,0611 17,4811 12241 165.6591 11,9231 92,266 25,000 17,0541 15,4621 104.539 34,918 17,129 14,6371 1951 6,434 53,749 43.457 13,1241 1981 12,5181 37,717 928.035 517.469 38,494 170,7531 12,1001 143.1181 11,2081 12,8741 1881 149.9011 13,423 12,2401 805.281 502.869 33.292 16,303 35,232 27,673 125,527 92.137 3,750 13,0281 12,0661 110.0031 17,1181 1831 1641 12891 12101 11881 11,6091 17,1281 12,8321 35,683 23,934 108,107 81.977 190,022 22,067 114.6961 11,7091 14301 1501 110,6001 17881 164,296 20.520 1,000 62

ESSEX COMMUNITY FOUNDATION DESIGNATED, RESTRICTED AND ENDOWED FUNDS LISTS FOR THE YEAR ENDED 30JUNE 2022 Jerome Booth Charitable Fund John and Wenna Marks Charitable Fund Kay Jenkins Fund Leeze Charitable Fund (Community Safety) Malcolm & Beryl Crook Fund Manek Foundation Margaretting Fund Marion Ruth Courtauld Educaiional Fund Maypole House Charitable Fund Mersea Homes Charitable Fund Mersea Homes Charitable Fund Icommunity Safetyl Michael Pratley Charitable Fund Milsom Charitable Fund Minter Family Fund (Community Safety) Minter Family Fund NS Community Fund (Community Safety) Nicki Alvey Bazlinton Trust Opportunity Fund Pioneer Fund Police Property Act Fund Poter Family Fund Priest Foundation Provide Foundation Rickard Luckin Community Fund River City Fund (Community Safetyl Roger and Jean Heath Charitable Fund RSM Communily Fund Saffron Building Society Community Fund Salter McKinlay Charitable Fund Salix Trust (Community Safety) Searle Trust Sebright Fund Sound Financial Planning Charitable Fund Southend Community Fund Spence Family Fund 1,060,912 183,4581 12,4271 156,5161 918.511 311,972 129,427 124,9111 19,6461 17201 12931 116,3341 17,9011 270,007 111,592 281,588 1,130,234 121.1841 187,8141 140.7111 11,4881 16MI 12,5941 12401 1441 115,4961 171,7581 244,264 968,068 458.936 16,419 500,000 313 18,725 11,0871 235.859 118B231 15441 19251 215.567 187.178 113,9581 14211 110.4761 162.323 41,290 120,710 17,7161 12451 152.6631 101.376 142,467 54.290 127,9191 15331 94.098 262,403 114,038 52,838 2,700 1,700 18,8321 13,7961 12621 11201 16,5761 14,9071 101,068 45,715 121,902 50,111 5,000 110.6351 13,6471 12881 14,4661 12,9131 111.513 43,438 93,304 29,155 89,679 1,023.176 257.235 51,617 22,119 809,881 25,000 17,4241 12,1811 17,0891 176E141 121 E971 14,1051 12,4031 164,7301 15,5301 11,6911 12,3341 154E601 114,2021 12,8971 11,3041 143,4621 105.135 25,218 80,050 889,166 246,300 44,496 24,249 699,817 1651 12061 12,3361 16261 25,790 5,894 1571 11,8721 53,887 14,2921 11241 13,1261 46,345 148.872 11,250 111,0841 13341 12,8731 145.831 271.222 39,504 119 750 120.6231 13,1991 16201 114,9401 12,2951 235,158 34,669 83,143 411,494 16,2291 11901 16,4421 481,776 126.624 25,000 110,9011 12971 298 140.724 37,500 11881 13,8671 17,3711 37,312 565,484 111,661 620,363 128,896 149.5781 11,4341 19,5791 12851 32,389 629,149 157.136 12,3751 150,2971 112,1371 1731 11,4541 13611 11,4991 133,8761 15,4331 28,442 543,685 139.205 163 63

ESSEX COMMUNITY FOUNDATION DESIGNATED, RESTRICTED AND ENDOWED FUNDS LISTS FOR THE YEAR ENDED 30JUNE 2022 Squier Charitable Fund Squirrel Fund Stour Valley Environment Fund Taylor Family Fund Teledyne e2v Foundation Thomas and Evelyn Gepp Charitable Fund Thriving Third Sector Fund Thurrock Fund Tinneveld Family Fund WG Stacey Fund White House Farm Charitable Fund William and Gladys Pudney Memorial Fund William Julien Courtauld Medical Fund Young Sport Fund 10,673 35,283 1251 1821 16181 12,0521 9,230 35,341 5,000 12,8081 39,423 13,801 181.624 227 13,1571 11,0281 114,1721 11,9091 17621 110,1751 34,493 11.982 166.861 1291 14161 10,000 61,560 3,016.771 110,679 308,764 34.540 13,9451 1232B761 16,9211 18,8121 12551 123.0391 16981 12,7471 1791 13,4721 196,2631 16,3671 116,9401 12,0031 54,010 2.680,711 95,245 268,087 29.711 256.161 120,1231 15861 114.1031 221.349 3,725,512 1303B531 18,6521 97,986 3.510.993 98,315 27,824 17,8241 12,0361 12271 1621 13,3151 11,6171 86,949 24,109 Sub Total clfwd 40.118.939 1.866.332 13.208.8771 192.7221 11.533.301) 37.150.371 l July 2021 (Lossesl Invstm• 30 June 2022 Community First Match Challenge funds Donations IGain$ Fees Transfers Balancè Sub Totsl blfwd 40.118.939 1.866.332 13.208.8771 192.7221 11.533.301) 37.150.371 Annabel and Gerald Malion Charitable Fund Belinda Stading Memorial Fund Birkeits Charitable Fund Brooks Family Fund CoodtrAdams First Site Charitable Fund Duet Fund Essex Rural Fund Jean and Peter Davey Charitable Fund Koinonia Charitable Fund Linkd Mike Williamson Memorial Fund Little Braxted Community and Educational Fund 136.498 17,0311 15,6881 123,779 192.226 86.835 195.393 19,9531 14,4951 110,0811 17,3061 13,3001 17,9261 174,967 79,040 177.386 358.979 947.415 146.278 118.5501 149.3501 17,5731 114,1431 131,7441 15,5601 326.286 866.321 133.145 475.047 185.517 124.5601 19,5691 118.5551 17,5511 431.932 168.397 138.425 17,1321 15,7611 125.532 578.180 129,9011 122,4741 525,805

ESSEX COMMUNITY FOUNDATION DESIGNATED, RESTRICTED AND ENDOWED FUNDS LISTS FOR THE YEAR ENDED 30JUNE 2022 Maypole House Charitable Fund Mersea Homes Charitable Fund Minter Family Fund River City Fund Sebright Fund Southend Educational Fund Wilkinson Family Fund Yellow Car Charitable Fund 479.704 124B341 118,2321 436.638 42,679 107.365 74,089 407.947 195.785 714.672 3,061,909 12,2071 15,5591 13,8361 38,851 97.725 67,437 371.322 177.743 650,045 2,796,450 14,0811 12,8161 115,5041 17,9411 127,6621 1106,2191 136,9651 1159,2401 Sub Total clfwd 8,524,943 1442.0581 1314.0841 7.768.801 Total 48.643.882 1.866.332 13.650.935) 192.7221 11.847.385) 44.919.172 65