ESSEX COMMUNITY FOUNDATION ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2023 Company Number3062567 Charity Number 1052061 ESSEX COMMUNITY FOUNDATION REFERENCE AND ADMINISTRATION INFORMATION FOR THE YEAR ENDED 30 JUNE 2023 CONTENTS Page Reference & Administrative Information Chairnan's Statement Trustees, Report Structure, Governance and Management Vision, Mission, Values Achievements & Performance 2022- 2023 Significant Activities ESG Grantmaking Grant Distribution Policy Fund Development Financial Review Investment Performance Investment Objective Reserves Policy Principal Risks and Uncertainties Future Plans Statement of Trustee ResFX)nsibilities 10 10 12 12 13 14 14 Report of the Independent Auditor 16 Statement of Financial Activities 19 Summary Income and Expendiiure Account 20 Balance Sheet 21 Statement ofcash Flows 23 Notes to ihe Accounts 24-54 ESSEX COMMUNITY FOUNDATION REFERENCE AND ADMINISTRATION INFORMATION FOR THE YEAR ENDED 30 JUNE 2023 The Direopied to Audit & Risk Committee and Finance & Investment Committee) IC(>opied to Finance & Investmeni Committee) IC(>opied to Audit & Risk Committee and Finance & Investment Committee) Rae Brooks Russell Edey Officers Claire Read Company Secretary Senior Executives CarolineTaylor MSC Catherine Burton DChA Jo Macaulay Steve Mackenzie Perry Norton Andy Payne Worpole Chief Executive Head of Finance Head of Communications Head of Operations Head of Development Head of Programmes Company Number 3062567 Charity Number 1052061 Registered Office 3 Hoffinanns Way. Chelmsford. Essex CMI 1GU Bankers Handelsbanken, 91-99 New London Road, Chelmsford CM2 OPP Nationwide Building Society, Northampton NN3 ONW ESSEX COMMUNITY FOUNDATION REFERENCE AND ADMINISTRATION INFORMATION FOR THE YEAR ENDED 30 JUNE 2023 Audilors Haysmacintyre LLP. 10 Queen Street Place, London EC4R IAG Investment Managers Rathboneswealth & Investmentlincorporating Investe( Wealth & Investment Ltd as at September 20231, 30 Gresham Street, London EC2V 7QN CCW Senator House, 85 Queen Victoria SireeL London EC4V 4 Liontrust, 2 Savoy Court, London WC2R OEZ Solicitois Birkett Long LLP, Faviell House. I Coval Wells, Chelmsford CMI IWZ ESSEX COMMUNITY FOUNDATION CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 30 JUNE 2023 Chairnwn'5 Siatement It is a pleasure once again to present Essex Community Foundation Trustees, Annual Report and Financial Statements for the year ending 30 June 2023.This report, complemented by our Annual Review, highlights our key activities and achievement This has been my frfth yearas Chair of Trustees. during which I was also privileged to seNe as High Sherrff of Essex which gave me a helpful additional perspective to the work of the Foundation. I have been struck by how our communities have stood strong in the face of another turbulent year. Without doubt the ongoing cost-of4iving crisis, the lingering impactof the COVILY19 pandemic and global economic uncertainties have created a challenging environmentforour local charities and voluntarygroups. But we have seen resilience. commitmenL and adaptabilityfirst hand and through our grantmaking. Thanks to the incredible generosiiyof our donors, this year we have paid out grants totalling £4.4 million to support a wide range of small charities working at the heart of their local communities. We remain committed not only to help charities expand and develop their work, but also to provide financial sUPPOrt towards their core costs with 55% of our grants supporting these everydaydemands. Our Community Listening Projects give us a deeper understanding of the ongoing challenges that local groups are tackling and of what we can do to help.our latest research highlights the impact of the cost-of- living crisis and the pandemic, both on organisationsand on iheir beneficiaries. In response, during the year trustees agreed to offer an immediate, and well-re(eived uplift to oursmall existing grant partners you can read more on pages 910. We have Ixn in our new home forjusi overa year now and this has given us the opportunity to widen our support by offering free meeting and workspace. We have actively promoted the Foundation Hub to charities we supporL and the Hub has al￿adY been used for over 2.200 hours.This is just one way we facilitate collaboration and networking among charities, and we continue to explore how we can advocate forthem and enhance their collective impact. The development of our philanthropy work has remained a priority. and during the year, new and existing donors gave £2.7 million into endowed funds. Our core offer remains to engage our donors in loni>term, philanthropic giving by working with them to understand and meettheircharitable aims. Our Private Client Networking events have proved a particularly popular way to share the benefits of working with the Foundation to a range of finance and legal professionals and we will coniinue this successful initkltive. we write more about this on pages l 0-11. Finally, l am excited that our trustees and the team have started io consider our next strategic plan, which 11 come into effect in 2024. This work will develop over the coming year as we consider how we can use all our resources to further our workfor the benefit of Essex. On behalf of the Foundation. l express my deep gratitude to our fundholders and donor& our volunteer& trustees, and staff team. led by our CEO, Caroline Taylor. You are the"Essex Community Foundation family'.Together with our friends and colleagues across the voluntary sector we are making a difference in our local communities, and l am excited to see what morewe can accomplish in the year ahead. Ni¢holasAlston CBE DL Chair of Trustees ESSEX COMMUNITY FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 30 JUNE 2023 The Trustees preseni iheir report along with the audited financial statements of the charity for the year ended 30 June 2023. The Trustees have adopted the provisions of the Statement of Recommended Practice1SORPI in preparing the annual report and financial statements of the charity. Siructure. Governance and Management Essex Communiiy 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 charity with thecharity Commission, registration number 1052061. The Trustees and officers of the charity and its principal advisers are listed on page 2 and 3. The Foundation is governed by its Articles of Associaiion which setout the objects of the Foundation and the powers of the Board of Trustees. The Articles were reviewed and adopted by Members in November 2022. TheTrustee Board meetings are held quarterly with business conducted between meetings through sulF committeesthat report directlyto the Board. Thecommitteesare Audit & Risl Governance & Compliance, Grants & Programmes, Fund DevelopmenL Finance & Inv￿tMent, and Remuneratiorn and, as required, the Nominations Committee. Each committee has Terms of Reference which set out delegated authority and areas of responsibility. which are regularly reviewed by the Board of Trustees. Board meetings work to a consent agenda, which enables Trusiees to group routine items e.g., committee business and vote on recommendations withoui additional discussion unless required by a request from a trustee before the meeting. Trustees are saiisfied that this procedure gives time for both business matters and open disCU55ion on issues related to ihe strategic direction of the Foundètion.Trustee and staff meetings. away days and workshops provide additional time for strategic disCU55ion concerning the longer-term aspirations of the organisation. The Governance & Compliance Committee oversees a programme of Trustee professional development which siarts with the trustee induction. The induction provides ihe opportunity for newTrusiees to meet Staff and to understand organisational procedures. On appoiniment, Trustees have access to an online induction pack which is regularly updated and always available for reference. The pack includes key policies and documents including our Articles, current Business Plan and 'The Essential Trustee Guide. published by the Charity Commission. All Trusiees 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 key sources, and vislting a range of local organisations. The Remuneration Committee, whose members are the Chair ofTrustees and the Chairs of each committee, agrees the Remuneration Policy. and recommends the CEO salary to ihe Board in addition toany other staff benefits and annual staff pay increases. Our Articles allow for a maximum of 15 trustees and there were 12 Trustees at the year-end. There were three trustees elected as of 30 June 2022, Emma Goode, Soumya Krishna Kumar and Atul Manek At the AGM on 24 November 2022. Ihey were confirmed by Members. and trustees Clare Ball and Viviene Depledge retired. Clare had served as a member of Finance & InvestmenL Grants & Programmes, Fund Development and Audit & Risk Committees during her eight-year term and worked on our tk)mestic Abuse Project and ESG Working group. As an experienced charity CEO, Vivienne brought insight and expertise ofthe day-tIFdaychallengesexperienced bythe voluniary and community sector and creative ways for the Foundation to develop a strategic response through her role as Chair of our Thriving Third Seuor Fund Panel. 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 58% female and 42% male with an average age of 52 years old. 75% identify as White British, 17% as Indian and 8% as White Other.Trustees are committed to increase the diversity of its members so that we can benefit from a range of social backgrounds, skills. and experience. ESSEX COMMUNITY FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 30 JUNE 2023 Trustee skills are reviewed annually and our open trustee recruitment process. now in its third round focuses on attracting the required skillswhilst encouraging applicants from different backgrounds and with proiected characterisiics. Staff resources are15.2 FTE or16employees an increase of l FTEfrom last year. After18years of dedicated service.jill Curd retired in March. An experienced grants officer and assessor. Jill assessed at least 2.800 funding applications, which resulted in over £IOm of funding to our local communities, in addition Jill helped over 600 individuals access financial support. In October Dee Davies and Frankie WeblFHuseyin joined the team. As Executive PA Dee. primarily supports Caroline and Perry, in addition to ihe Senior Management Team. Frankie joined the ieam as a Grants Officer through the Ten Years, Time initiative and has been offered a permanent position in the team. Maria Kravchukjoined as a Granis Adminisiratorin May. replacingwill Wiseman who left injanuary. The remuneration committeeensure all staff salaries are benchTnarked to the median salary rangeof the charity sector by using Croner Salary Survey together with peer benchmarking across other foundations and grantmaking trusts. We are supported by our dedicated and long-serving volunteers who coniinue to add significant value as members of our team. In total ihey have given 164days, which is equivalent to 1.151 volunteer hours. Their length of service is also impressive with Andrew Clarke volunteering at the Foundation for 23 years. Barbara Garside for 18years and Lorraine Brook5 for 7 year5. Volunteers generally support the work of the grants team but also help across other areas including finance, communications, and events. The Foundation receives pro-bono legal advice from Martin Hopkins, Managing Partner at Birkett Long Solicitors and prtrbono payroll service is provided by Louisa Tippett of Streets Whittles Chartered Accountants. Fundholders and communily panel members work with the Foundation in helping make decisions on grantmaking during the year. The Patron. the Presideni and the Vice Presidents of the Foundation act as honorary ambassadors and their support is much appre(iaied as we seek to strengthen our profile. Care is taken to keep all our ambassadors informed of the Foundation's activities arxl their attendance at events is encouraged, to increase their knowledge and undersianding. Essex Community Foundation is a member of UK Community Foundations IUKCFI and the Association of Charitable Foundations IACFI Objetoial (per SOFA) (Decreaselllncrease in cash invested IDecreaselAncrease in accrued interest 1.095.912 185.412 15.3591 13b50,9351 186,3691 Closing value at 30 June Listed investments Cash 44.622.593 405,601 44,856,012 220,189 Closing market value at 30 June. 45.028.194 45.076.201 Historic cost of investments 41,663.710 41.455,282 The investments held at the year*nd can be analysed at Ibidl market value as follows.. 2023 2022 Cash deposits UK equity funds UK propertyfunds UK fixed interest [￿erseaS equity funds Other incl. Alternatives & near cash US fixed interest 1.061.810 8.256.391 1.833.527 2.361.447 26.267,685 4.476.405 770.929 220.189 11.701,686 2.505,556 879.163 21,731,618 7,380,107 657A82 18.3 26.0 2.0 58.4 16.4 45.028.194 45.076,201 35 ESSEX COMMUNITY FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2023 Ibl PROGRAMME RELATED INVESTMENTS 2023 Funds 2022 Funds Market value at 1 July 2022.. Programme related investments 356.837 35th837 Additions at cost Improvements to leasehold property 356037 Sul>total 356.837 356A37 Closing value at 30 June 2023.. Improvements to leasehold property Amortlsation of leasehold property 356037 114.2741 Value at 30 June 2023.. 342.563 356A37 Historic cost of investments 356.837 356A37 13. DEBTORS 2023 2022 Accrued legacy Income due for grants programmes Prepayments and otheraccrued income Other debtors IAIo.000 270.211 179,1 $7 7.255 186.1)82 7.371 1.793.453 456.623 All amountsfall due for payment within one year. 14 BANK DEPOSITS Short ierm bankdeposits at £60,754 includes cash awaiting distribution via the various grant programmes. Short term money market fund and bank deFX)siiS at £1.890A26 comprise amounts not immediately required for disbursement. The AAA rating of the short-term money marketfund by Fitch was affimed on 14 August 2023. 36 ESSEX COMMUNITY FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2023 15. CREDITORS: Jmount5 falling duewithin one year 2023 2022 Accrued grants liability Accruals Deferred income Inote 171 571098 103.538 20.1)00 984.570 195.012 39,300 695.636 1,218,882 Deferred income represents grants income received by the charity that relates to future donOr￿mpOsed periods. 16. CREDITORS: amounts hlling due•fter more than one year 2023 2022 Accrued grants liability 131.184 185.342 17. ANALYSIS OF DEFERRED INCOME 2023 2022 Deferred income at l July 2022 Released during the year Added in year 39.300 139.3001 20.1)00 25.000 125.0001 39.300 Deferred income at 30 June 2023 20.000 39.300 18. ANALYSIS OF ASSETS BEtWEEN FUNDS Unrestrirted Designated Restricted Endowment Funds Funds Funds Funds Tolal Funds Fund balances at 30 June 2023 are represented by.. Tangible fixed assets Investments Net current assels less creditors >1 year 103,009 513A45 342.563 616.854 45.028.194 45.370.757 379.321 123,322 643,871 1.771.809 2.918.323 Total net assets 482.330 979.730 643,871 46,800,(K>3 48.905.934 Further details of movements in restricted and endowment funds are given in notes 20 and 21. 37 ESSEX COMMUNITY FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2023 19. UNRESTRICTED FUNDS ljuty 2022 Balance 30June 2023 Balance Income Expenditure Transfers General fund&" Revenue fund 482,330 101.686 1960.6391 858.953 48Z330 482.330 101.686 1960.6391 858.953 481330 Deslgnaiedfund&" Acorn Fund Organisational developmeni reserve Propety fixtures and fittings reserve 48,262 1309,8071 261,545 19.2851 51,383 42.098 91,494 110.2701 81.224 Property improvements to leasehold reserve Programme related investmeni reserve 535,256 513.845 356037 114.2741 341563 1,034,970 48,262 1309,8071 206,305 979.730 T￿al Unrestrirted Funds 1.517.31XI 149.948 11.270,4461 1.065.258 1.462.060 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. Two designated reserve funds were established last year.. one for ihe property improvements to leasehold which are being depreciated over the course of the 25-year lease and relocation costs which are being depreciated over 4 or 10 years according to our policy, and the second for the value of the programme related investments which are anticipated will be impaired over their useful life (currently estimated at 25 years) as the charity Is not able to charge for the occupation or subletting of the space. FurKls are released annually from ihe reserves to offset the amortisation costs of these assets. 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 or towards maintaining the agreed level of reserves in the years when there has been an annual deficit. The transfer of £261,545 represents the funding of grantmaking from the Acorn Fund. Full details of all transfers between funds are in note l O. 38 **ESSEX COMMUNITY FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2023** 155,331 (283,682) (76,451) 103,405 ESSEX COMMUNITY FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2023 21. ENDOWMENT FUNDS 30 Jun•2023 01 July 2022 (Losses) Gains Inv*stm•nt fees Donations Tr•nsfers Bal•nce Acorn Fund Bengtsen Family Fund Braintree District and Greenfields Community Fund Charlie Watkins Foundation Diana finson Fund Geoffrey Sneed Engineering Fund Thriving Third Sector Fund William and Gladys Pudney Memorial Fund Total Other Endowed Funds 1,912,435 229,701 207.006 261.H9 47,626 S.604 14,3361 15231 1287,6651 111,6641 1,875,( 484,567 1,956,791 45,524 14,3891 183,2401 1,914,686 257,707 2.385,830 163.805 10,161 57.633 116,7031 199,6931 414,219 2,338,371 15,3991 IAK),o(K) 15.3751 1,$94,625 2.680,711 64.261 16,0761 2,627,796 3,510,993 86,986 17,9871 1158,3491 3,431,643 24,216,203 594,605 155,4111 11,035,144) 24,166.717 Endowed Funds dfwd 37.150,371 2,678,724 912.400 184.8721 11.80*9331 38,847.690 Communlty Flrst Funds: Yellow Car Charitable Fund Total Other Endowed Community First Funds 2.796,450 66.018 2,862,468 4,972,351 117,494 5,089,845 CommunityFirst Funds clfwd: 7,768,801 183.512 7.952.313 Total 44.919,172 2,678,724 1,095,912 184.8721 11,80I9331 46,800.003 Theendowment funds represenl those assets. which are held in the long term by the charily, 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. Including, but not limited to geographic areas, particular demographics or ihematlc Issues. Funds can be restricted in line with donor wishes and are set oul in their fund agreements. Fund holderscan change or expand the purposes of theirfunds in response to changingcharitable need and in line wiih our grantmaking policy. Information on ourfunds can be found on the webslte or is available from the office upon requesi. Endowment funds are expendable. Transfers include Ix)th transfers of expendable endowments to restricted funds forfunherance of charitable objectives and also management fees charged on endowed funds. Funds are disclosed individually where considered significanL based on a ihreshold of S% of the category totals, andlor the nature of the transactions Wlthin 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, payments and transfers within the fund have also been taken into account when Considering whether an individual fund is significant. All other funds not considered individually significant are ESSEX COMMUNITY FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2023 shown in aggregate. All funds are listed separately in the Detailed List of Endowed Funds which follows ihese Financial Statements. 22. EMPLOYEES AND STAFF COSTS 2023 Number 2022 Number The average numkr of employees of ihe Foundation was 16 14 Total staff costsfor the year were.. Wages and salaries Social security costs Pension costs 620.704 5&707 43.709 553A91 46.034 36,735 721.120 636.260 At the year end the Foundation employed 14 full time and 2 part-time members of staff12022: 12 full-time, 3 part- timel. During the year there was one employee whose salary, before any salary sacrifice, was between £80,000- £90,000 12022.. One employee. £70,OW£80,0001. No other members of staff earned over £60,000. The total cost to ihe charity lincluding salary, social security and pension) of remunerating key management personnel in the year was to one employee, £I05,58212022.' one employee, £92.8481. 23. PENSIONS The Foundation pays pension contributions via its auto*nrolment scheme with Royal London. Employees have the option to contribute via a salary sacrifice scheme option within the same scheme. The policy provides for benefit5 on a defined contribution bas15 and the pension provider holds the assets underlying the policy. The pension cost charge which represents the contributions payable by the Foundation amounted to £43,709 12022.. £36.7351. The amount paid for Death in SeNice benefit was £4,330. 24. RELATED PARTYTRANSACTIONS, VOLUNTEERS AND DONATED SERVICES All the following transactions are permitted by the Charity's constitution and appropriate procedures were in place and observed before they were entered into. During the year under review. Grants- related party tran5artions Two grants totalling £7.846 were awarded to Wilderness Foundation. ECF Trusiee, Simon Hall, is Patron of this organisation. Two grants totalling £IO.000 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 vic+president of this organisation. Two grants totalling £4,700 were awarded to Raw Learning Communily CIC. ECF Trustee, Gemma Cartwright is a Director of this organisation. A grant of £3,000 was awarded to Souihend Association of Voluntary Service& ECF Trustee. Gemma Carrwright was a staff member with this organisation. 41 ESSEX COMMUNITY FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2023 Tru5tees- related p•rty transartions An amount of £263 relating to expenses was reimbursed to Trustees within the year12022.. £1291. Seven Trustees made donations to the Foundation during the yeartotalling £9.27412022.. Seven. £511,098). No Trustee or connected person received any remuneration either directly or indirectly. Volunteering Three offictrbased volunieers provided 1,151 hours or164 days of administrative support during the year12022.. Three, 848. 1211. Donated Services Streets Whittles, West Mersea, provided professional services relating to payroll valued at £1.933 on a pro bono basis12022- £1.4411. Martin Hopkins of Birkett Long LLP provided professional services on a pro bono basis valued ai £2,73612022- £3.4801. 25. COMMITMENTS Operatlng Lease Commiiments Land and Bulldings 2023 2022 Wiihin One Year Payable 2-5 years Greater than 5 years 9.626 19 20 9.650 The total payable under operating leases in the year was £2412022.. £9.6251. We have signed a 25-year Lease forour offices. which we occupied in June 2022. In accordance with the terms of the Lease we pay an annual rent of £1. 42 ESSEX COMMUNITY FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2023 26. NOTES TO THE CASH FLOW STATEMENT lal Recon¢iliatlon of net income to net ¢ash flow from operatlng actlvities 2023 2022 Net Income Endowment donations Investment Income Depreciation charge Programme related investmenis amortisation Ilncreasel Idecrease indebtors Increasel Idecreasel in creditors 314.993 12.678.724) 11.258,9431 43h21 14.274 11.336.830) 1577.4041 17.331 11.866,3321 11,116,944) 6,877 31.898 138.517 Net cash outhow from operaiing acThvities 15.479.013) 12.788.653) Ibl Analysis of net funds Movemeni In Cash Flow 2022 2023 Cash ai bank and in hand Short term bank deposlts Short term money marketfund 200 168.317 2,185,522 1901 1107.5631 1294,6961 110 00.754 1.890.826 2,354,039 1402,3491 I.951￿90 43 ESSEX COMMUNITY FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2023 27. COMPARATIVE STATEMENT OF FINANCIAL AcnviTIES lextractfrorn thefinancial ststetnent5foithe yearended 30June 20221 Expendable Endowment Funds Total Funds 2022 Unrestrirted Funds Re5tricled Funds Des￿nated INCOMEANDENDOWMENTS FROM- Donation5 and legacie5 DonationsondlegGcles Gront5 Charitaue activitie5 21416 1,502,739 1,866,332 3,391A87 858,931 7,771 1.116,944 858,931 7,771 2.269 InvestmentSncome 46,185 1,068,490 TOTALINCOME 32,456 46,185 3,430,160 1,866,332 5.375,133 EXPENDITURE ON: Raising funds Charitaue activitie5 145,432 616,829 44,112 4,330,516 92,722 281266 5,075,536 128,191 TOTALEXPENDITURE 762,261 128,191 4,374,628 92,722 5,357002 Net income beloregain5111055es1 on Snvestmenrs 1729,8051 182,0061 1944N681 1,773,610 17.331 Netgain5 111055e51 on inve5trnents 13,650,935) 13,650.9351 Net Incomellexpendl￿re) 1729,8051 182,OLN51 1944.4681 11,877,325) la,633￿4} Transfers between funds 729.805 486.918 630.662 11,847,385) Netmo¥ement In funds 404.912 1313BLI51 13,724,710) 13,633,6041 Toral funds broughtforward 482.330 630.058 1,372,363 48,643,882 S1,128￿33 Toialfvnds 25.000 354050 354.850 411,492 411.492 477.652 546,247 1.023.899 22.416 1,502,739 1.866,332 3.391.487 45 ESSEX COMMUNITY FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2023 COMPARATIVES FOR NOTE 3 INCOME FROM GRANTS T￿al Funds 2022 Unrestrirted Funds Restrirted Endowment Funds Fund5 Desl9nated Essex Covid Response Fund Realising Ambitions Fund Mid & Souih Essex Community Partnership Grants Programme Mid & Souih Essex Mental Health Inequalities Programme The Henrysmith Charity 140.192 140.192 549,189 549.189 168,350 168.350 1,200 1.200 858,931 858.931 COMPARATIVES FOR NOTE4 INCOME FROM INVESTMENTS Unrestri¢ted Funds T￿al Funds 2022 Restylrted Endowment Funds Funds Designated Interest receivable Other investment income 2.269 2.269 46,185 1,068,490 I.114￿75 2.269 46,185 1,068,490 1.116.9H ESSEX COMMUNITY FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2023 COMPARATIVES FOR NOTE 5 EXPENDITURE ON RAISING FUNDS Unrestrirted Funds Total Funds 2022 Totsl Funds 2021 Restrirted Endowmeni Funds Funds Designated Allocated costs.. Staff costs Premises Costs Other costs Publicity and iommunications Investment managers 123,219 3.756 18.457 123.219 3.756 18A57 146.614 24.￿2 15.555 44.112 44.112 34.356 92.722 92.722 95.164 145,432 44.112 92.722 28Z266 316,591 Fees paid to Investec Wealth Management were £92,72212021.. £95.164 to Investec and Rufferl these fees are charged direcily toendowment funds. CCLA and Liontrust are UnitTrust 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 2022 0.93% 0.80% 0.79% 2021 0.97% 0.86% 0.82% Liontrust 47 ESSEX COMMUNITY FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2023 COMPARATIVES FOR NOTE 6 GRANTS PAYABLE AND ASSOCIATED COSTS To 2022 Grants payable.. (See SOFA) -designated - restrScied 128,191 4,330,516 4,458,707 Grant 5UPPOrt<05t Staff costs Premises expenses 53,417 1,690 24,933 751 145,862 8,706 224.212 11,147 40,300 1.315 214,*)0 6,760 479A12 19222 609 271 1,623 1503 473 1435 brochures arketing &publicity Other cost5 Audit cost5 19,907 19,907 19.907 7,697 3,421 31584 43,702 5.987 30,788 P4JA77 11400 11400 11400 83,320 29,376 201,175 313071 48075 254083 616￿29 Totalcost of grantmaking 5,075536 C05tof generating funds Operotion5 Grantl proiert 5UPPOrt costs 5% Monagement and admini5trotion Publicity and communications Investment management Role Chief Executive Markeiing & Commg Finance Programmes Operations Development 25% Is% 4S% 15% 75% Is% ESSEX COMMUNITY FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2023 COMPARATIVES FOR NOTE 10 FUND TRANSFERS Unrestrirted Funds Designated Funds Restrirted Funds Endowmeni Funds Release propety costs reserve 700,000 1450.(KJOI 1250.(KJOI Transfers from Acorn endowment to relocation costs 75.094 I75￿94) Redesignation ofAcorn endowment match balance to relocation costs 107,009 1107.(M)91 Transfers to establishdesignated fund for programme ￿lated investment 1356.8371 356037 Transfers to establish designated fund for property improvements impairment 1626.7521 626,752 Transfers of expendable endowments to resiricted and designated funds for furtheranceof charitable objectives 82.(K>5 1,304,142 11.386,1471 Transfers of restricted funds receivable as a contribution towards the charity's sUPPOrt costs 115,135 1115,1351 Transfers of management iontributions from endowment or restricted to unrestricted 716,156 1118,2431 1597,9131 Transfers forAcorn 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) 49 ESSEX COMMUNITY FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2023 COMPARAnvES FOR NOTE 18 ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestrirted Designated Restrirted Endowmenl Funds Funds Funds Funds Tolal Funds Fund balances at 30 June 2022 are represented by. Tangible fixed assets Investments Net current assets less creditors >1 year 120,297 535,256 356,837 655.553 45A33.038 892,093 44.184,108 362,033 142,877 166,464 735,064 1.406.438 T￿￿1 net•￿et5 482,330 1,034,970 1,058.557 44,919,172 47A95.029 Further details of movements in restricted and endowmentfunds are given in notes 20 and 21. 50 ESSEX COMMUNITY FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2023 COMPARATIVES FOR NOTE 19 UNRESTRICTED FUNDS l July 2021 Balan 30June 2022 Balance Income Expenditure Transfers General fund&" Revenue fund 482.330 32.456 1762.2611 729AOS 481330 482,330 32A56 1762,2611 729AOS 48Z330 Deslgnaiedfund&" Acorn Fund Property Costs reserve Endowed Match challenge Organisational development reserve Property fixtures and fittings reserve Property improvements to leasehold reserve Programme related investmeni reserve 46.185 1128.1911 82,006 1450,0001 1128.6751 450,000 128.675 51.383 51.383 91.494 91A94 535,256 535.256 356037 356.837 630.058 46,185 1128.1911 486.918 1.034.970 T￿al Unrestrirted Funds 1.112.388 78WII 1890.4521 1.216.723 1.517.31XI The revenue fund represents the free funds of the charity that are not designaied 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 look place this year. Two new designated reserve funds have been esiablished during the year.. one for ihe 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 anticipaied wvill be impaired over their useful life as the charity is not able to charge for the occupation or sulFletting of the 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 ihe quality of life of people in Essex. Any expenditure is agreed by the Board of Trustees and hitherto has been used to make grants, invest in the Foundation's growth or towards 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. 51 ESSEX COMMUNITY FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2023 COMPARATIVES FOR NOTE 20 RESTRICTED FUNDS Investment Income and Grants and Expenditur 01 July 2021 30June2022 Balance Donations Transfer Balan¢e Charlie Watkins Foundation lflowthroughl Essex Community Foundation Restricted Fund Essex Covid Response Fund Essex Police Proceeds of Crime Match Funding Scheme Mid and South Essex Community Partnership Grants Programme Mid and South Essex Mental Health"Inequalities" Pfogramme 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 1326,0531 1,620.318 12,440,074) 11,8501 15,6631 922.911 166,500 23,134 395.573 292.418 Restrirted funds ¢lfwd 871440 3,190.187 13.903.520) 434.816 593.923 Community First Fund5: Yellow Carcharitable Fund Total 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 Totsl 1.372.363 3A30.160 14.374.628) 630.662 1.058.557 Restricted funds are funds that have been given for particular purposes and projects in order forthe Foundation to fulfil its Charitable objectives. Funds are disclosed individually where considered significant. based on a threshold of 596 of the categorytotals, and/or the nature of the transacrions 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, payments and transfers within the fund have also been taken into account when considering whether an individual fund is significant. All other funds not considered individually significant are shown in aggregate. Transfers include both transfers of expendable endowments to restricted funds for furtherance of charitable objectives and also management fees Iharged on endowed funds. 52 ESSEX COMMUNITY FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2023 COMPARATIVES FOR NOTE 21 ENDOVRD FUNDS 30 June 2022 ILoM*sl Gains Inv*stm•nt fees 01 July2021 Donations Tr•nsfers Balance Acorn Fund Braintree District and Greenfield5 Community Fund Butler Educaiional Foundation Chrysalis Fund Community Resilience Fund Diana Tinson 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 Total Other Endowed Funds 2.139,664 109,394 1169,7111 14A981 1162,0141 1.912,435 2,240,958 1161,6611 15.0511 1117,4551 17621 1,956,791 169,9C6 169,144 1,597,235 1123,3781 199,0761 1213,2411 13,6511 13,0901 16,2911 13,4471 180,5941 171,6901 1136,8651 177,2081 1,389,612 1,370,744 1,196,888 2,742,227 2,385,830 1,490,760 1,291,819 1,060,912 1,130,234 183,4581 187,8141 140,7111 12A271 12,5941 12401 1%,5161 171,7581 918,Sl1 ,068 458,936 5(K),O(K) 41,290 120,710 17.7161 12451 152,6631 101,376 1,023,176 176,8141 12.3361 154,8601 889,165 83,143 411,492 16.2291 11901 16,4431 481,773 3,016.771 1232,8761 16,9211 1%,2631 2,680,711 3,72S,512 1303,8531 11,483,166) 142,6891 1646,0831 18b521 97,986 3.SI0,993 18A56,313 553,943 16.838,318 Endowed Funds dfwd 40.118,939 1,866,332 13,208.8771 192,7221 11,533,3011 37.150,371 Communlty Flrst 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 dfwd: 8.524.943 1442.0581 1314.0841 7.768.801 Total 48,643,882 1,866,332 13,650.9351 192,7221 11,847,3851 44.919,172 53 ESSEX COMMUNITY FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2023 The endowment 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 wiih donor wishes on restricted funds. Endowment funds are expendable. Transfers include both transfers of expendable endowmenis to restricted funds for furtherance of charitable objectives and also management fees charged on endowed funds. 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 the opening and closing balances, income. paymenis and transfers within the fund have also been taken into account when considering whether an individual fund is significant. All other funds not considered individually significant are shown in aggregate. 54 ESSEX COMMUNITY FOUNDATION DESIGNATED RESTRICTED AND ENDOWED FUNDS LISTS FOR THE YEAR ENDED 30 JUNE 2023 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 55 ESSEX COMMUNITY FOUNDATION DESIGNATED RESTRICTED AND ENDOWED FUNDS LISTS FOR THE YEAR ENDED 30 JUNE 2023 Deslgnated funds Investment Income and Grants and Donations Expenditure 01 July 2022 Balanl 9,762 4,538 49,215 1107,9001 11,5001 17,3291 14,5851 14,4001 114,2651 124,3891 58,685 813 3.346 5,492 1,544 8.567 12,500 3,983 19071 2,856 5,698 5,000 8,716 1,827 13,500 113.5001 11,5271 145E971 719 20,813 25,084 57 ESSEX COMMUNITY FOUNDATION DESIGNATED RESTRICTED AND ENDOWED FUNDS LISTS FOR THE YEAR ENDED 30 JUNE 2023 Chrysalis Fund Clark Family Charitable Fund Colchester Fund Collier Family Fund Communilies in Crisis Appeal Community Inclusion Fund Community Resilience Fund Coombewood Amenity Fund Crix Charitable Fund Daphnewoodward Home-start Fund Dennis and Kathleen Smith Fund Derrick and Margery Bailey Fund Diana Tinson Fund Donovan Family Fund Douglas Allen Emergency Fund Douglas Allen Foundation Estate Agents Charity Fund Drop Swap Iniiiative Fund Duet Fund Dulverton Trust Fund Earls Hall Farm Community Benefit Fund East of England Co-op Community Cares Fund Ellisons Foundation Ellisons Foundation (Flomhroughl Elspeth Hodgkinson Fund Essex & Southend Sports Charitable Fund Essex & Suffolk Water Community Fund Essex Community Foundation Restricted Fund Essex Community Foundaiion Team Fund Essex County Fire & Rescue Service Charitable Fund 35,476 815 176,4541 11,7421 11,7621 16,2391 115,3961 15,7741 165E291 111,4961 113.0001 17,1351 134,0001 13,2001 1131,2211 40,978 927 797 2.988 16,615 6,352 31,038 5.379 6.111 6,992 15,393 1,477 60,480 259 146.239 3,251 11,2191 15781 34,791 6,117 6,889 143 18,607 1,723 70,741 12591 1133,9501 112.2891 24.341 Ilx).000 8.613 19,496 64,668 18,332 175.4321 110.0001 15,8001 16381 141,3681 21,872 126,9351 16,4671 117.6801 11,6661 38,909 2,175 31,266 47 1,061 35.000 57,800 393 192EOOI 13931 2.726 50,000 3.751 15,7511 134,6581 18,2201 3,025 15,0001 4,469 6,947 17,289 2.437 2,437 11,9301 1,029 6,665 7.599 33,570 1.459 114,4201 116.1001 171,0511 16,6351 11,9121 7,755 8,501 37,481 5,176 13,6861 Essex Education Fund Essex Fund Essex Heart Fund Essex Heart Fund (Flow though) Essex Police Proceeds of Crime Match Funding Scheme Essex Rural Fund 18B66 13.268 75,000 5,988 7,752 2.206 11,149 25,000 2.252 73 175,0001 7.000 1.136 2,584 12,981 12,5001 2,185 1731 112,9881 18,8881 14,7901 124.1301 122,5001 14,4371 Essex Young Musicians Trust EWAG Charitable Fund Firebird Fund Frank Lichfield General Charitable Fund FW Charitable Fund Fundbuilder Fund 58 ESSEX COMMUNITY FOUNDATION DESIGNATED RESTRICTED AND ENDOWED FUNDS LISTS FOR THE YEAR ENDED 30 JUNE 2023 Galloper Wind Farm Community Fund Gary Sullivan Charitable Fund George Courtauld's Educational Fund Geoffrey Sneed Fund Golbourn Family Fund Gwendy Marrs Fund Harlow Education Trust Harlow Recreation Trust Harwich Haven Authoriiy Community Fund Harwich Haven Authority Community Fund IFlow through) Harwich Mayfiower Legacy Fund Harwich Peninsula Educational Support Trust Hew Watt Family Charitable Fund High Sheriffs, Fund High Sheriffs. Fund IFlow through) Hills Family Charitable Fund Hollis Family Fur)d 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 John Laing Community Fund Joseph and Lilan Sully Foundation Kay Jenkins Fund Leeze Charitable Fund (Community Safety) Let's Create Jubliee Fund Longfield Solar Fund LTC Community 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 Mental Health 'Inequalities" Programme 3,881 14,000 1,626 1.492 116,4811 13,5751 12,6271 11,4001 1,949 1,135 3,218 1.011 2.212 18,185 17,0001 12,1501 14,8001 139.7871 3,782 1,139 2,588 21,602 2,680 15,7501 3,070 35BI 9 135EI 91 12,9701 1.392 1.578 12,0751 144,2841 140E561 17,0121 11,8311 11,9631 11,3261 15,0001 16,7951 19,0191 11,1291 150,3291 114E501 115,0001 136,0001 16,0491 113.4301 2,317 12,3001 1165,0001 116.5001 153.1001 28,134 125.2001 13,446 19031 17,7651 18,9491 15,5761 1,113 23,894 27.778 566 986 20,390 13,078 6,000 446 951 1.012 721 605 2,797 2,122 4,093 520 2.203 4.673 4,926 23,502 6,853 16,500 30,000 2.776 6.156 12,3171 26,827 7,997 11,5001 13,0001 3,273 7,274 9,000 10,000 7,700 181.500 24,966 11,754 416 5,487 4,092 2,395 2,278 4,857 3,181 7.518 2.587 114,4321 15,5591 6,914 2,972 166,500 196.650 1166,5001 116.6501 180.000 59 ESSEX COMMUNITY FOUNDATION DESIGNATED RESTRICTED AND ENDOWED FUNDS LISTS FOR THE YEAR ENDED 30 JUNE 2023 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 Bazlinton Trust Nscommunity Fund Opportunity Fund Pioneer Fund Police Property Act Fund Poter Family Fund Priest Foundation Provide Foundation Provide Foundation (Flow through) Rickard Luckin Community Fund River City Fund (Community Safety) Roger and Jean Heath Charitable Fund Roger and Jean Heaih Charitable Fund (Flow through) RSM Community Fund Saffron Building Society Community Fund Saffron Building Society Community Fund (Flow through) Salter McKinlayCharitable Fund Salter McKinlay Charitable Fund (Flow through) Salix Trust 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 (Flow through) Surviving Winter Appeal Taylor Family Fund TFP Community Fund Teledyne e2v Foundation Thomas & Evelyn Gepp Fund Thriving Third Sector Fund Thurrock Fund 10.592 31.422 31,050 10,500 1.173 2.874 1.108 138.2971 13,1051 11,0501 1,341 3,270 1,281 240 40,872 12,5141 16,1441 12,3891 46,758 26.647 639 11,3871 15,7801 2.995 14,4031 2.156 148,9041 25,857 113.5001 6,238 12,4471 1,325 11,3001 519 128,4901 10,720 127,3811 123,0691 12,5501 1,336 18,0211 4,339 112.9341 6,910 748 2,785 2,247 23,047 7.262 1.122 781 17,770 31,445 1.214 3.682 6.024 23,134 4,129 3.566 918 12,232 13,5661 12,0001 126.4971 1,082 14,265 14.250 13,020 3.410 123.5071 124.3121 16281 20,902 3,135 12,350 112.0881 12,0001 126,4711 16,1411 11,5641 129,9021 17,6561 15081 11,9441 11,8601 262 1.125 14,396 2,832 715 875 12.075 3.309 13.726 3.604 239 16.176 4,052 269 907 1,037 975 1,706 31 5,455 20.840 309 14,3551 120,1861 16591 2.806 16851 350 4.250 1.351 68,227 2.368 19,1771 12,8001 1147,4371 15,2381 4,927 1,449 79,210 2.870 ESSEX COMMUNITY FOUNDATION DESIGNATED RESTRICTED AND ENDOWED FUNDS LISTS FOR THE YEAR ENDED 30 JUNE 2023 Tinneveld Family Fund Turncole Wind Farm Ukraine Refugee Support Project WG Stacey Family Fund White House Farm Charitable Fund Willam and Gladys Pudney Memorial Fund William Julien Courtauld Medical Fund WOMAC Fund Young Sport Fund 6,811 65,105 35,000 753 5,502 89,172 2.228 38,350 114,7251 158,0901 131.5001 11,6341 112,2001 1207,3461 13,1411 147,0121 11,3251 7,914 14,3841 13,5001 59.030 61,661 6,698 118,174 913 13,8001 720 31,185 18,723 Sub Total clfwd 593.923 2.261514 13.223.480) 853.811 486.769 61 ESSEX COMMUNITY FOUNDATION DESIGNATED RESTRICTED AND ENDOWED FUNDS LISTS FOR THE YEAR ENDED 30 JUNE 2023 Restricted funds {cont.} Inv*stm•nt 01 July 2022 Income and Grants and 30 June 2023 Balancè Donation$ Expenditur* Transfer Balanc* Sub Total blfvid 593.923 2.262.514 13.223.480) 853,811 486.769 Annabel and Gerald Malion Charitable Fund Belinda Starling Memorial Fund Birketts Charitable 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 6,983 11.377 4,4L16 i 0,000 18.372 48.344 7,485 24,312 9.500 12,757 3.866 5.466 2,469 5,541 10,191 27,071 4,159 13.493 5,260 3,920 16,9831 19,8771 14,4441 19,8781 118,3691 148,3341 17,4901 124,3111 19,4991 112,6501 12,3731 12,6451 11,1951 13,1821 15,3551 19,9521 12,0131 17,0301 13,0461 12,3981 1,493 4,321 1,276 2,481 4,839 17,129 2.141 6.464 2,215 1.629 51.125 24,551 2,181 5,497 3,806 20,878 10,018 36,577 156,426 16,426 13,639 1.212 3.053 2.107 11.599 128,3451 18,4491 124,5511 16,6011 12,1811 15871 15,4961 11,4771 13,8001 11,0201 120,8801 15,6141 110,0181 13,1871 136,5761 110,3271 1156,4231 133,6851 30,757 7,038 625 1,577 1,093 5.983 5,552 2,365 Wilkin50n Family Charitable Fund Yellow Car Charitable Fund 20.307 9.981 87.379 53,698 Sub Total clfwd 464.635 241710 1440.1051 1110.1361 157.103 Total 1,058.557 2.505.224 13.663.585) 743.675 643.871 62 ESSEX COMMUNITY FOUNDATION DESIGNATED RESTRICTED AND ENDOWED FUNDS LISTS FOR THE YEAR ENDED 30 JUNE 2023 01 July 2022 30 June 2023 Endowment funds ILoM*sl Galn$ Inv*$tment Donations Ftts Transfers Balanc* 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 Asquith Family Fund Austin Hicks Charitable Fund Ball Family Fund Bartella Charitable Fund Bartleet Family Fund Belinda Starling Memorial Fund Bengtsen Family Fund Beresford Foundation Bill Southern Legacy Fund Birkett Long Community Fund Birkeits Charitable 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 Foundaiion Chelmsford Star CO-OP Community Fund Christopher Holmes Charitable Fund Chrysalis Fund Clark Family Charitable Fund Colchesier Fund Collier Family Fund Communily Resilience Fund Coombewood Amenity Fund Crix Charitable Fund Daphne Woodward Home-start Fund 1,912.435 207.006 47,626 14,3361 1287.6651 1,875.066 49,474 76,012 96,026 1,227 1,746 2,304 12,4311 13,7521 14,7411 48,156 73,838 93,373 11681 12161 63.275 1,459 11401 61.482 53.905 88,278 21,281 45,827 33,900 301.931 680.651 109.551 229.701 23,793 50,712 41,437 144.523 52,457 89 1.332 2,021 525 1,085 12.5981 14,3681 52.605 85,736 20,707 44,549 32,953 294,553 656,497 107,491 484,567 23,167 49,252 42,649 166,016 53,309 11951 1481 11031 1751 16731 11,5261 12481 15231 1551 12,2601 11,6751 113,9391 138,8771 14,4531 111,6641 211 7,023 16,249 2,641 5,604 590 1,166 1,025 3,618 1,317 261.449 12,5131 233 112,2971 12,5931 50 1961 13411 30,513 2,249 1,956.791 27,482 133.253 169,144 61,496 257.707 45,524 637 3,089 6,541 1,423 10,161 14,3891 1621 12981 14811 11381 183,2401 11,3461 16,4271 13,0891 14,0461 116,7031 1.914,686 26,909 129,617 259,656 58,735 414,219 198 87,541 163.805 27,760 1651 11,3641 27,018 834.368 1,389.612 31,674 32,029 113,434 1,196.888 209,012 236.367 19,275 33,885 791 737 2,905 29.761 5,177 5,866 11,8551 13,1651 1731 137,6671 160,2311 11,5631 11,5821 15,5231 152,2881 19,7421 110,9391 814,121 1.360,101 31,454 31,113 123,050 1.171.600 203,968 231,749 625 12,500 12661 12,7611 14791 15451 1,000 272,644 6.659 16221 14.7291 273,952 63 ESSEX COMMUNITY FOUNDATION DESIGNATED RESTRICTED AND ENDOWED FUNDS LISTS FOR THE YEAR ENDED 30 JUNE 2023 Dennis and Kathleen Smith Fund Derrick and Margery Bailey Fund Diana Tinson Fund Donovan Family Fund Duet Fund Ellisons Foundation Elspeth Hodgkinson Fund Essex Fund Essex Heart Fund Essex & Suffolk Water Communily Fund Essex Community Foundation Team Fund Essex County Fire and Rescue Service Charitable Fund Essex Educaiion Fund Essex Rural Fund Essex Young Musicians Trust EWAG Charitable Fund Firebird Fund Fundbuilder Fund FW Charitable Fund Gary Sullivan Charitable Fund Geoffrey Sneed 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 Honalee Fund Humphrey Pennington Fund Hutton Charity lan and Angela Marks Charitable Fund Jack Elliott Charitable Fund Jerome Booth Charitable Fund 618,367 59,250 2,385.830 14,219 1,367 57.633 128,0411 12,8681 199,6931 1461 133,6761 1351 15,1401 155,9561 12,6901 603,174 57,617 2.338.371 33,752 735,427 31,034 111,779 1.265.191 67,783 15,3991 33,750 752,1 $0 4,2LH 104,564 1,291.819 53,615 18,688 11,7351 1341 12431 12,9851 11281 26,295 10,000 66 15,497 2,598 32,247 1,489 148.947 3,487 13351 17,1481 144,951 35.158 1,692 1801 11,7331 35.878 262.762 292,721 236,137 303,299 87,065 439,727 6,471 7,335 5,585 7,378 2,147 10,536 15971 16771 15331 16911 11981 19951 141 12021 11451 112,1451 113,4621 111,0161 16,1971 14,3021 119,9621 1401 13.9391 13.2101 15.3751 256,491 299,576 241,512 312,275 84,712 429,306 14,826 86,708 63,184 1,594,625 13,659 11,339 8,486 14.851 88,664 65,002 2.185 1,537 1.61K>,000 59,684 129,807 39,086 87,285 723,400 1,385 2,972 12,2921 16,1501 58,644 126,342 38,045 84,929 705,924 12871 1891 11981 11,6211 2,152 16,811 14,3101 132,6661 104.539 53,749 2,586 1,331 12401 11241 15,1291 12,6791 101,756 57,350 5,073 37.717 805.281 502,869 33,292 35,683 23,934 108.107 81,977 906 11,8561 136,2381 119,8491 11,6431 107 36,681 786,428 523,032 32,391 40,348 23,277 106,207 77,516 19,203 12,818 818 891 591 2,678 2,030 11,8181 11,1661 1761 1831 1551 12501 11891 28,360 3.750 14,3281 16,3021 164.296 20,520 918.511 3,824 507 13651 1481 12,0991 17,8051 11,0141 141,0061 159,950 19,965 898,080 22.674 ESSEX COMMUNITY FOUNDATION DESIGNATED RESTRICTED AND ENDOWED FUNDS LISTS FOR THE YEAR ENDED 30 JUNE 2023 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 (Community Safety) Michael Pratleycharitable Fund Milsom Charitable Fund Minter Family Fund Icommunity Safetyl Minter Family Fund Nicki Alvey Bazlinton Trust NS Community Fund 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 Communily Fund Salter McKinlay Charitable Fund Salix Trust Searle Trust Sebright Fund Sound Financial Planning Charitable Fund Southend Community Fund Spence Family Fund Squier Charitable Fund Squirrel Fund Stour Valley Environment Fund Taylor Family Fund Teledyne e2v Foundation 270.007 111.592 6,667 2,584 16141 12481 112,4971 15,3861 263,563 108,542 244.264 968,068 458,936 16,419 5,862 23,792 11,180 405 15501 12,2221 11,0461 1361 111,3591 143,1151 120,7611 238,217 946,523 448,309 15.977 215.567 162,323 101.376 5,231 3,859 2,434 14901 13661 12191 15,9841 17,7381 127,5351 214,324 158,078 76,056 262,403 101,068 45,715 25,000 3,700 7,339 2,466 1,116 16561 34,383 14,9891 12,2481 328,469 102,014 44,479 11041 111,513 43,438 25,218 105.135 80,050 889,166 246,300 44,496 24,249 699.817 46,345 2.625 500 2.815 1.085 622 2,622 2,333 22,097 7,710 1,048 876 12581 11001 1561 12461 12011 12,0511 16451 11001 1681 14.1461 12.1451 11,2451 7,355 13,9481 139,7211 111,1491 12,1951 11,1781 121,6291 12,2931 112,549 42,778 24,539 114,866 88,609 869,491 293,965 43,749 37,200 693,893 50,328 10,375 51,749 500 13,321 17.296 1,131 5,252 11071 145.831 3,497 13301 16,9831 142,015 235,158 34,669 481,776 140,724 37,312 565,484 111,661 892 5.820 15381 1821 11.0961 13101 1951 11,2831 12541 110,9191 11.7981 121,9041 123,3601 16,950 120,9501 15,4621 230AI 3 35.607 470,681 120,485 55,134 556,787 108,696 1.936 11,905 3,431 13.536 2,751 28,442 543,685 139,205 9,230 35,341 34,493 11,982 166,861 50 659 1631 11.2271 13201 11.4021 124,6711 16.6411 14541 11,7641 11,6701 15891 17,9141 27,686 531,098 135,696 8,983 39,357 39,304 11,662 172,431 250 13,061 3.452 228 5,000 5,545 1,024 297 1881 1281 13751 10,000 3,859 65 ESSEX COMMUNITY FOUNDATION DESIGNATED RESTRICTED AND ENDOWED FUNDS LISTS FOR THE YEAR ENDED 30 JUNE 2023 TFP Community Fund 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 1.976 1,973 54,010 2,680.711 95,245 268.087 29,711 1,252 64,261 2,186 6,376 732 12,4971 52,644 2.627,796 92,517 261,488 28.908 16,0761 14,7031 112,3681 11.4671 16071 1681 221.349 5,078 14891 110,3911 215,547 3,510.993 86.986 17,9871 1158,3491 3.431.643 86,949 24,109 2,150 559 121K>l 1551 12,6501 11,1891 86,249 23,424 Sub Total clfwd 37.150.371 2ffj78.724 911400 184.872} 11.808.9331 38￿47.690 l July 2022 ILoM*sl Inv*stm•nt 30 Junt 2023 Balance Communlty Flrst Match Challenge funds Donations IGJins Fees Tr•nsfers Sub Total blfwd 37.150,371 2fv78.724 911400 184,872} 11.808.9331 38￿47,690 Annabel and Gerald Malion Charitable Fund Belinda Starling 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 Maypole House Charitable Fund Mersea Homes Charitable Fund Minter Family Fund River City Fund Sebright Fund Southend Educational Fund 123,779 174,967 79,040 177.386 3,101 4,128 1,865 4,183 126B80 179,095 80,905 181,569 326.286 866.321 133.145 7,697 20,454 3,141 333,983 886,775 136,286 431.932 168.397 10.189 3,971 442,121 172,368 125,532 2,960 128A92 525,805 436,638 38,851 97.725 12,404 10,302 917 538,209 446,940 39,768 100,030 69,028 2.305 67.437 1.591 371,322 8.761 380,083 181,934 177,743 4,191 ESSEX COMMUNITY FOUNDATION DESIGNATED RESTRICTED AND ENDOWED FUNDS LISTS FOR THE YEAR ENDED 30 JUNE 2023 Wilkinson Family Fund Yellow Car Charitable Fund 650,045 2,796.450 15,334 66,018 665,379 2,862,L168 Sub Total clfwd 7.768.801 183.512 7.952.313 Total 44.919.172 2ffj78.724 1,095.912 184.872} 11.808.9331 46￿1)0.003 67