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¢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•nO 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 Depretotal 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 Inenrolment 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 inOWMENTS 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 Restri1 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 Restrll 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.} Inv*stm•nt 01 July 2021 30 Junè 2022 Income and Grants and Balanc• Donatlons Exp*nditur* 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 Inv*stm• 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 Link*d 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