COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021 Company Number: 03422207 Charity Number = 1068887 COMMUNITY F O U N D A T l O N S For Loncoshire and Merseyside COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE FOR THE YEAR ENDED 31 MARCH 2021 CONTENTS Page GROUP AND COMPANY INFORMATION TRUSTEES, REPORT 2-12 FINANCIAL REVIEW 13 STATEMENT OF TRUSTEES, RESPONSIBILITIES 14 INDEPENDENT AUDITORS. REPORT 15-18 CONSOLIDATED AND COMPANY STATEMENT OF FINANCIAL ACTIVITIES 19 CONSOLIDATED AND COMPANY SUMMARY INCOME AND EXPENDITURE ACCOUNT 20 CONSOLIDATED BALANCE SHEET 21 COMPANY BALANCE SHEET 22 STATEMENT OF CONSOLIDATED CASHFLOWS 23 NOTES TO ThE FINANCIAL STATEMENTS 24-40 COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE FOR THE YEAR ENDED 31 MARCH 2021 Registered office= Community Foundations for Lancashire and Mer5eyside Third Floor 5tsnley Building 43 Hanover Street Liverpool LI 3DN Bankers.. Santander Bridle Road Bootle L30 4GB 50licitors'. Brabners LLP Horton House Exchange Fla85 Liverpool L2 3YL Investment Manager5". Inve5tec Wealth & Invertment Ltd The Plaza Old Hèll Street Lwerpool L3 9AB CCLA Inve5trnent Mana8ement Ltd 80 Cheapside London EC2V 6DI Auditors.. Beever and Struther5 Chartered Accountants The Beehive Lions Drive Shadsworth 8u5ine5s Park Blackburn BBI 2QS COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE FOR THE YEAR ENDED 31 MARCH 2021 TRUSTEES, REPORT The Trustees Ivjho are also direckns for the purkW of company kiwl present tr*ir Report and the Financial Statements for the year en(Jed 31 March 2021 for th& Communty FoundaiKJns for Lancashir8 and Morseys￿8 hereafter refefred to as CFLM. REFERENCE AND ADMINISTRATNE DETAILS The charity. CFLM. is constituted as a ccwnpany limited by guarantee and nct haV1￿j any share caiNtal. The company is registere¢J in England and Wa￿s. number 03422207. and its princi)al governing document is the cornpany Memorandum and thcles of Assoaation las amended by speoal résoluiion on 4 Oècambèr 2013 and f¢ymerty rnerged on 1 April 20141. The chanty is a150 regtstered wth t￿e Charity Commi5SN)n. number 1068887. Trustees and Sonlor Staff The person8 who have acted as Trustees durirg Ihe year *we.' A Roberts. Chairrnan A Myers, Vice Chair C Wardale. Treasurer D Mendoros C Bliss A Meachin D wa￿Ing C Hall S Connolly Iresigned S Novembor 20201 N Zaman lappoint•d 5 NDvèmber 2020) D Howit( lapOnted 5 November 20201 The $6nior managemerbt team (SW} during the yearwe". R Brwke. Chief Ex￿u0've Officer K Morris. Development Director T SirTrgletw, Finance DirectcK Ilnleriml (until May 20211 J Knight, Finance thrector (From March 20211 Summary ol our Purpose & Aims The Community Foundations lor Lancashire & I￿rseySKle operale as one iThJepend8nl ragistèrèd charity and are part of a UK and intemational mov8rn8nt of wmmunily fwndatiws that distribute comtnunity fvnding. including via gran(. making, facilitalng and administering community phiLanthropy. and c¢ntn"buting ￿ a¢h￿vir￿j positive social change as local community leader5. Our Vision Is to enrich the lives of peOE in and arOUr￿ Lar￿aShire and Merseyshle and through them create united. thriving and prosperous cornrnunities. Our MISS￿￿ 15 to invest fundiThJ strategicalty under ¢tharity law that fneets the needs of kncal communities. placing us as the chaiity of C￿le* for phiJanthroixst8 and ftJndiThJ partners. and tho primary funder for the areas. soc¢al sector Our Strat•gM is to understsnd the needs ol bxal communii)0s and those who Ca￿ abotrt those communiii85 (Philanthropisls. HNWIS. families. trusts. puilie I private l third sector organis2b.onsl to create partnerships to ensure that thè nèeds of both are met. growing stronger communili8S together. We bring ￿ether individuals, families, foundations, arKI bJsinesses to build better communitiès and make a diffe￿nce. Our Theory of Change is. "We help iThYNiduaLs and organisations give to causes Ihat matter to thèm, whère there is m¢>st n8ed and vthere it wll have greatest impacl EnrKhing hxal peorle's lives and 5UPPUrting the Crea￿On of unit8d. prosperous and thriving c¥xnmunth"es.- Our Vakjes are.. Pride. Transparency, Worknng Together and Community Lèadèrship. COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE FOR THE YEAR ENDED 31 MARCH 2021 TRUSTEES. REPORT Our 2020121 Annual Review Introduction Community Foundabon funding distributi￿ has taken place in Metseysido since 1999 and in Lancashire since 2007, invest￿9 in iotal over £61.9 million in ov•r 14.400 grants to vduntary and community grcKJps during that time a¢ross Lancashire and Merseyside to supm communities to be prosperoL¢S and thriving Overvlew of 202012021 Our grant-making in 2020121 was dominated by our response to Covid-19 pandemic and huge need to support community and voluntary organisation5 delNering on the front line. In awardirKJ grant5 from 45 different fijnds and foundatioris during the year we distnbuted over £5.4 nwll*)n. This includ•d 1,167 grants to community groups and individuals acros5 Lancashire an4J Merseyswje: a5 well as 16 wants to groups outside of our reg'ons. Our pint endowment fund Stoc￿ at £18.8 Milli￿ by March 2021. havirty begun endowment buihjing In 2007 wittt around £130,000. This includes the lunds of thg John G{X>￿ Charity vthith CFLM &Yministrate and audit as a cDrporaie Irustee. This èndowment investment is a significant 0)nIribui￿ lo our sustainaL¥"lity as w811 as ￿su￿rn9 ¢ommunty legacy in Lancashire and M•rsèysid• for futurè genarations. other Slgnlficant Events In 202012021 Delivery of signfficanl Covid-19 emergency fijnding Worklng in Collaboration As expected. the enWe year has been d(￿Inated by the 5MJnifunt dethvery of Covid-19 emergency fvnding. The relationship with Nalional Emergencies Trust INED. UKCF and Ihe CF neiwork has enswed a quick and ègi respons8 to an Ur￿reeÈdentèd ÈmÈrgÈw situation. The team has worked tirelessly to deliver an exceptKJnal I￿rkI)ad. more than ¢Youtle our previovs maximum distiibution ￿velS lovgr £5ml. r￿atIOnS￿"ps have bèan forg8d aThJ d￿￿10p￿d in Lancashir8 and Mèrsèysida, including with the ljetro Mayor for the Liver&￿1 Cty Region. LanCashI￿ County Councd the Lancashire resi11￿ce forums. Vve have directed our donor5 to join in a c(MTdinated res%￿$* to Covid-19 wth thè vast maiNity of our ¢Yonors (xritributing to the COV￿ reynse lunds we have ￿- created with key public s8Ctor partn8rs and managed on their behaff. Con$ultsncy advi¢e and community Insight We provided consullaw advre to the Lieuienant of Lancashwe and the Dekxty L￿￿Lenants of Lancashire 8nsuriro thèy dalivèrèd a fair and struclur*d apwoach in th• distribJiw)n ol Duchy of Lancaster funding which was allocated in response lo the pandemtc. The reCoMmer￿atK)n5 were very wem received and acted upon reinforcing our insight to cornmunity need and where fur*Ys sho¢Jd be directed for maximum impact. At thè r8qUÈSt ol Thè Bank of EngF8nd IBOEI. CFLM trK)st8d a roundlab* discussth with the Deputy Govemcf of Financial Stability. CFLM ￿Vited a number of ca)mmuThty C*ganisali￿s to communicate the impact of COVID-19. Key themes w6Ye digital excluwn. reduclion in spcffiscrtiip and suppcrt h)cal businesses and an inability to fundraise. Again our rol& as a key comftwity infrastruciur• (KganIsatic￿ was aCknOw￿dged by sen*)r leadership in BOE. COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE FOR THE YEAR ENDED 31 MARCH 2021 TRUSTEES. REPORT Support and re¢ognitlon tor tho valuo we deliver We We￿ delighted lo be su¢¢esslul in our first ever applicatK)n to the Nat￿nal Lottery Community Fund lo ¢over the cost of business development for six months of the pandemic1£40kl which ensured no member of the team was furtoughed at a time when the community needed our resources more than ever. Profllè and PR CFLM collaborated with BBC Radio Lanca5hire and BBC Radk) Merseyside to be a part of their 'Make a Drfference. in,tialive. This featured airtime with our CEO. Rae Brooke. our Devebpment Director. Karen Morris and cwr Business Devek)pment Manager, I￿n Philffips and a number of groups 5UPPOrted by CFLM during the pandemic. This raFsed the profile of the role we pky. groups w& support and key issues faced by those in need of support. Increased social media and PR also to partnership discussions Mqth Lan¢ashire and South Cumbria NHS Foundation. Preston Council and a vanety of publ￿ sector organisations. Our irnpa¢t CFLM crealeit mid pandemic posiboning statements and final reports to h¢ghl*Jht the timely respons8 through its emergency fund5 arKI the impact it has had. Feedback from the wmmunity has applauded CFLM'5 efforts and rap￿ response, with fiJndiTh3 availab￿ within days of the national lockdown and applicalions tumed around in 7 days. This exceptional feedback has given the team a ￿al boost in what has been a very drffthll year and our posittve financial pos41ion, 8$ 8 result of unprecedented distribulty)n. has gNen the team 8 sense ofjob secJJrity. Additional Polnts to note during the year In addition to emergency distribub.on we have continued trj deliver for our existing Donors in the distribution of their established funds. charitsble objects. We also secured addrtional funding prograrnmes from Barcla￿, Police and Crime Commissiongr, Liverpool City Council as well as a Irusl transfer completion from HUnt￿Y Palmer and 3 further significant donath)n into the Blue Sky Foundation in¢luding an addit￿nal aM￿Jnt into endowment. The exeepts"on21 performance of the leam has been noted by the SMT and the Board. bul arguably more importantly by the communitywe exist lo s&rv&. Our Partnarships as a Catalyst for Change We administered 45 funds and foun¢Jalion5 in 2020121, working in collaboratw philanthropists, families. trusts and ￿mFanieS who are committed to improviThJ kxal lives. This work included administering 10 funds in Lancashire. 32 fund5 in MerseyEide, 2 that covere(I both Lancashire and M8rseysidè and 1 in the rest Of the UK. As an enabler for positN¢ thange. we strive 10 suP￿t those who thrA)se to ¥•￿Tk with us lo be effective in their giving and ID have the greatest impact. W& Ihank all our partner5 who work wth us collatrKJratively each yèar for and wth comM￿nI￿.8$. COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE FOR THE YEAR ENDED 31 MARCH 2021 TRUSTEES. REPORT Working with Philanthroplsts and their Families W8 continue to work wilh many business leaders with connections in the North Wesl, facililating their local giving for comrnunilies. including Sir Mthael Bibby and Sir Terry Leahy. We also work dosely wth a number of families such as the McQueen family for The Mark m￿ueen Foundation. Ihe Bamett family for the Olivia Rae Foundation, and the Lancaster famity for the Lancaster Foundation. Worklng with Trusts & Foundations Tmsls and Foundations v4ho b￿rk with us include the 23 Foundat￿￿, ihe Fort Foundation. John GOO￿ Charity, Lancaster Foundation. WO Street Foundalton and the Westrninsler Foundation. Worklng wlth Companies Liverpool ONE Foundation remains the biggest corrM)rale f￿ndatIOn hekj th CFLM. At 31 March 2021 the value of this fund was £2.647,616. CFLM conts'nued their annual work North & Weslem Lancashire Chamber of Comwnerce on the Be Inspired Businèss Awards Foundation, linked to the Be Inspired Business Awards to recL¥Jnise gocrfj corporate citizenship in Ihe wunty and support Wl communitywork and enterprise. We thank all the companies that choose to work in collaboration us to support the communitl8s in which they employ ar￿ do business. including Hill Dickinson. Investec. Livetpool ONE, Medicash. TilneyBestlnvesl and Shop Direct. Unlocking Donnant and Inactive Trusts Our work in this area continues wth thè backing of the Charity Commission as a pre-approved administration option for trusts and foundations that are inacthve, ineffective LY dLYmant. Working with New Donors and Fund Holders The Charity Commissi¢)n's ertdorsemenl of communty foundatM)ns as an allemative to registering a charity prDvides a welcomed endorsement of our woth locally and as a UK neI*￿rk of 46 community foundalions. The Chartty Commission ststes that -this saves the time and effort of setting up and running a charity then closing il once the original need has been met. Depending on the charity. you can say where you want thè mon8y to go.- Our approach lo income generalion and fund d8vekJpment to bring on board now fund holders invofves working wth existing and new donors within Lancashire and Merseyside who are Committed to our thal communits'es. Via research. project visils. meelings. events and community funding dislribLthon we have buitt valuable ￿latIOnShips. We secure public sector funding programmes via tender or prtch prctesses. in line wth their requirements and policies for the distribution of public funds. We secure contracts to be regional or local agents of fvnding programmes via our umbrella bThly, UK Community Foundations as Quality Accredited Cornmunity Foundats'ons. We thank all those peop￿ and organisations have commitled to donating and working us. especially in tr￿11￿￿ng endowment funds wlh us, for current and futurè generations of communities. COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE FOR THE YEAR ENDED 31 MARCH 2021 TRUSTEES. REPORT Our Inv8stmont in Communilies We suprx)rted vulftÈrablÈ individuals, households in nèèd. ccxnmunity grtsups, residents, asstsciations. tharities and social enterprises to improve the livès of lo￿1 pecyle %ross 11 srtial themÈs_ Thè 670/¢ sueeèss rale for application5 iii 2020121 was higher than previous years and demonstrat&s primarily a neèd to Supp￿ Èmergency provision iii the year due to the Corr￿avInJS pandemic aThJ the inueas8d dèmand for community projèct and organisathoiial funding. A breakdown of our overall funding approved for distribulh)n io ojmmunibes is oullin8d bèlow. Total Fundlng Lan¢ashSre and Merseyside and Other. £5.4m 67% of applicabon5 were approvwj and of the Sl￿$$fUl awrdrds". 503 grants were dis1rit￿rte(1 in Lancashire 664 grants were distributed in Merseyside 16 grants were distrbbuted across the rest of the UK Average Award Size Average Award Size.. £4,614 Lancashire.. £4,364 Merseyside.. £4,869 Other.. £1,874 Funding For Lancashlre Funding was distributed in Lancashife in 2020121 via 503 awards distributed to community groups and social enterprise5 bi the Community FC¥jnda￿tsn f￿ LanGashire. Our average award size was £4,364. which is a decrease on 2019r20 average grant size ol £5.206. Funding For Merseyside Funding for Mgr>eyside in 2020121 was disknbuted to c#Jmmunities via 664 awards disln"buted Eo cornrnunity groups and social enterprises by the Cownmunity Frwndation lor Merseyside. Our average award size wa5 £4.869 which was an Increase ￿ 2019120 averaye grant sKe of £4.028. Fundlng Across the Region We distribuled 16 awards in 2020121 outside of our W'cal Lancashire and Mer5eyside area. This was especially due lo our work ￿th a numbei of fund holders vhv) wished to supwl ¥1￿ across Ihe country in addib.on lo their grant-rnaking in la￿ashire arxjlor Merse￿de. Our Communlty Leadershlp We ar8 committed to our strat8gic view lo understsnd the needs of kxal cottTrmunilies a￿1 donors and, by cmating partnèrships *KI invofving donors. ensure that these ￿ed$ are met via a Sc*￿al char¥Je agenda. Our community knowledge is In￿asIng in ils importance and further infom)s many a4*Cts of our work. Our annual Vital Signs giving guides have moved fr(xn a pilot in 2013 - 2014 to a bi-annual publication. highlighting ¢ornmunity concerns and ptioribes to guide giving and our ￿ant-Maknny in Lancashire and Mersey5ide. Irilal Signs r￿aInS Lan¢ashire's and Mersey3ide's first giwn9 guide for charitabty&fflinded people and txjsinèsses a$ well as philanthropists afid Ghartsbie trusts of all kinds vtho have a comrngn passion for communities. OL4r Vital Sign5 guides are a combination ol ￿￿tK￿* and I￿1 dats, soc4al intellKJence and Ihe results of community consult81ions lo provide a v0￿e lor li￿ ¢ommunities M th￿r concems and aspiratths to guide giving. COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE FOR THE YEAR ENDED 31 MARCH 2021 TRUSTEES. REPORT Our Govemance The merger of Community FoundalM)n for Laneashirè and Communty Foundation for Meiseyside In ￿}ri1 2014 wa5 a significant milestone. This merger continue5 to reap Ihe benefits of efficienoes. Our Board SIr￿e the merger 1$ clearty defined in the follo￿ng ways.. A third representing LancashiTe'. A third representing Merseyside.. A third made up of SF)ecialisls. such as legal. HR. finance and giantvmaking. Via this approach wrilien into OUT governing document we are able to maximi88 our raach. representstion. expertise and influence across Lancashire and Merseyside. Our Board adop15 a iTrusiness approach in a charitable context to ensure CFLM is on a sustainable palhway and is fit-for-purpose in an everlib'Gs: Activities unde￿I00d to be the eXc￿51¥e re5ponsibiltyof statut¢xy autPTorities.' Rètrospective funding (i.e. paiing for costs incurred before a deosion on an application to CFLM fr)r support can be madel: The funding ol any Publ￿ or private sedor Compensation and l or mitigation. Th8 policy of :he tharity is to award fundi￿ to individuals and Drganisat¥)ns Ihat have made a formal application for a granL that fulfil the requirements of the relevant programme or fund and which have th8 n￿ss3ry systems in plac8 to adminisier a grant. Ml funding applications are subject lo a formal apwaisal by our siaff before being presented to the local grant panel. or the d￿Or. for a recomrnendation. A scoring system and process is used to guide decisions. All panel or dor￿ re¢ommerKJakn are rdtsfied by the Community Fwndations, senior staff or tru5tÈès prior to any offer beirrfJ made. FundiNJ distributed is rep￿ted quarterty to tho Board by fund, locality and social theme. Before any ftjnding is distributed. we carefully and th(Koughty assess the tharilable and public b8n8fits of the propos8d activiti"Ès. The impact of our community funding is then repcwted to fuTrYers. donors, stakeholdèrs, staff and th8 Board as a measurement of the soaal irrpad achwed. 10 COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE FOR THE YEAR ENDED 31 MARCH 2021 TRUSTEES. REPORT Invostment Powers Thè Charitls Inveslmenl Powers are prescriw in its Memorandum and Arb"Gle5 of A55ocialion. Th& Board of Trustees has approved a document called 'PoliGie5 on Fund Management and Financial Control.. relating to the managefflenl of all of 115 funds and whth indudes the strategies for the investment ol ils endowrnenl. The purpose of investment in the erMkn¥ment lund is to generate a sUslainab￿ income for lil granl-making and li1} meeting running costs. The organisalion has appointed profeSs￿al investsnent managers lo manage the endowment. Duriw the year these were managed by. CCLA and Inveslec. As approved by Board and folkbmng a tender process, effeGlive 1 October 2017 investments are to be managed by CCLA for pubSc Sector funds and charitable trust transfers, and Investec for corporate and individual endowment donaknns. Investment pertormance targets are issued annually lo ￿n￿stman1 managers., thin a framework of maintaining a low lo medium risk ￿￿110, investment performance is measured by Ihe board and finance committee. Each manager is lequi￿d to maintsin a diversified portfolio, wilh fo(JJs on UK ar￿ tsverseas equities, debt inslNments and cash.. investment in derivatives or -hedge funds. is not pennitted without the express consent of the Iruslees. Investment performance is monitored by the boaré on a quartedy basis, using benchmarks sueh as the FT Ml Stocks Government Index. the ￿ All Share Index. the FT Wortd Index {excluding UK) and the IPD Index as well as a compari50n of the Gurrenl investment manager5. performance with others in the field. Investment perfomiance is reported to Board on a quartèrly basis and reviewed annually. For the Communty First Endovfflenl Challenge from 2012 - 201S CCLA rnanages the funds based on an investment policy agreed by our UK umbrella organisation. UKCFS wth approval from our Btsard. Although not classified as permanently endos%fd funds. CCLA manage furKls undgf a total r&tum polTrcy, calculating Ihe indexed value of the initial donatson Dn an annual basis and enabling withdrawal of surplus over and above this fuure lo supplement income received duriry the year. This methimj of calculation ha5 been applied since commeneemenl of the programme so can be precisety calculated by CCLA. Sinc8 the year end: CFLM has begun to conduct a review of the Ethical profi￿ of our Investment portfolios wlh QLsr Investment Managers. Each Trustee and member of the SMT were invited to complete the survey lo establish whether any adjustment needed to be made to Whe￿ our portfolios sal. This process is still in progress. Our Rlsk Revlews Our Board of Trustees undertakes a regular review of risks that the organisation faces", these a￿ published in a formal Org8nisalional Risk Register and are reported in a Charity Commission advised 'heat map. format quarterly lo Board. All risks identified were add￿sed and mit￿￿ed as far as possible during 2020121 and k)oking ahead. no idenlif*d risks remain Unadd￿$$ed. The Risk Assessment is subjecl to fomial annual review and updatè by the trustees, with inlerirn moniloriThJ on a quartety basis by the senK>f staff teawn. The organisation a150 uses a traffic light system to monitor and measure pr¢>Jress against a set of key organisational iarg8ts. Progr8ss againsl tsrget is ass8ssed by the slafl leam on a monlhty basis and reported lo the Board on a quarterly basis. using a delivery forecast system. COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE FOR THE YEAR ENDED 31 MARCH 2021 TRUSTEES, REPORT Our Reserves Policy Our Board has continued lo endeavour to build and maintain a level of reserves appropriate lo ils commitments over the Ccffling years. How8ver. it is k88n to maximists ils Charilable objectiv&s public benefit. The Board Continues to strive to ensure that reserves of six monlhs running costs are hebJ al any lime as per our policy, in line with the Charity CommisS￿n.$ guidance. F(K 2020121 the unreslrKted reserves were £640,895 at the end of the financAal year. CFLM has tmjitt I￿nt reserves as per the policy and covered the budget deficit and core costs joinlly 85 appropriate for suslainatM"lily, especrdlly investmenl in our communily impact. Any reservp5 held above the six month policy level are link8d to a Reserve5 Sp￿￿ling Pkryn. regularly reviewed and approved by the Board to SUPF)Ort CFLM'S development and suslainabilrty. Our Auditors 888v&r and Struth8rs have been appynted from 2017118 to 202012021 as our O￿11t0rs. Small Company This rap￿t has been prepared in aceordance V￿th provisions within Part 15 of the Companies Act 2006 as they relate to small ¢ompanies By Order of the Board Arthur Roberts Chair 04 November2021 12 COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE FOR THE YEAR ENDED 31 MARCH 2021 FINANCIAL REVIEW Funding The Trustees are commttted to seeking fvnding fmm a wde range of sources. ensuiing that inwme streams ar8 divèrslr￿d and CFLM is not overty re￿an1 on any single source of funding. Finan¢ial Stslemenls The finanaal siatemenls have been prepared in accordan￿ with the Companies Act 2006, Charities Act 2011 and FRS102 and comply with thè Chariti@s Statement of Recommended practi￿ on Accounting. The movement in funds is shown on the Consdidated Statement of Financial Actwibes. CFLM realised a surplus in 115 unre5tricled funds of £277.631 12020 deficit £3.1081. CFLM'S lotal funds lunrestri¢ted funds, restricted immediate impact funds and restn.cled endowment lundsl amounted to £21,588,830 at 31 March 2021 12020: £17,569.2671. The Trustees hav8 passed a totsl rebjm ￿$OlU￿On for pemanenl end¢)wmenls rnoré information is induded in r￿te 12. Reserves Poll¢y The reserves of CFLM are composed of restricted and unreslricled funds. These funds are maintained at suffici0nl18vel in order to al￿W the Srn￿th operatr>n of our activities. Unreslricled Reserves.. The TnJslee5 are committed to building up general reserves lo ensure that the corè activities of CFLM wll continue into the future. The target is lo have a minimum of Six months. core costs in unrestricted reserves based on our 2020121 budget this would amount lo £334.541. The free genaral reserves of the Foundation Icmjr unrestricted reserves less our Iixed asselsl at 31 March 2021 amount to £631.32812020.' £361.0381. Reslrtcled Reserves". The restrcted fvnd5 at the year end were either held in Ihe form of cash in bank accounts or investments. Details of investments hekl are shovm in note 12. The current ￿Ve1 of restrict8d funds, and th8 ongoing funding arrangements relating to those funds. is suffiuent to maintain the specific projec15 they relate to. Investments Policy Investment Wicy is reviewed annualty by the finance and r¢sk committee and board, in conjunction with a view of investment perfomiance. Investment mana98rs retain atsthority to tradè in markel s8curili8S Wlthin th8 mandate of retaining a well-diversrfied portfolio of medium risk. Our polry on lund management and financial conlrol is available on request. Commltments The Trustees had made w commitments to future ¢apilal purchas8s, nor given any guarant88s, at th8 balance sheet dale. ¢ok Arthur Roberts Chair 04 November 2021 13 COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE FOR THE YEAR ENDED 31 MARCH 2021 STATEMENT OF TRUSTEES, RESPONSIBILITIES COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE The Trustees {who a￿ also directors of CFLM for Ihe purposes of company law) are ￿sponsible lor preparing the Trustees, Report and the finanual stalements in accordance wth applKable law and regulations. Company law requires the Trusl88S to pr&par& finanaal statem8nts for 8ach financial ￿ar. Under that law the Trnstees have elected to prepare the financial statements in accordance with Uniled Kingdom Generally Accepted Accounting Praclice Iuniled Kingdom Accounb"ng Standards and applicable lawl including FRS 102 'The Financial Reporting Standard. applicable in the United lfjngdom and Rewbh'c of Ireland,. Under company law the Trustees rnust not approve the financial ststements unbss th&y are sattsfied that they give a Iwe and fair vigw of Ihe stste of affairs of Ihe charilable company and of Ihe incoming resources and application of resources, including the income and expenditure. of the charitable company for that period. In preparing these financial statements. the Trustees are required to.. select suitable accounting policies an¢Y then apply them consistenly: obsente the methods and principles in the Charities SORP.. make judgements and 8ccounling esb"mates Ihal are reasonaue and prudent.. slate whether applicable UK A¢counb"rtg Slandarés have been followed. subject lo any material departures disclosed and expkiined in the financial ststemenls- prepare the financial ststements on the going concem basis unless it is inappropriate to presume Ihat the charitable company will continue in business. The Trustees are responsible for k88ping adequale accounb.ng recor05 that a￿ suificient to show ané oxplain the charitabla company's Iransac*"on5 and disclose wth reasonab￿ acijracy al any ts.me the financial position of the company and enable them to ensure thai the financial statements compty wlh the Companies Act 2006. They a￿ also responsible for safeguarding the assets of the charitable company and hence for tsking reasonable steps f￿ Ihe prevention arKJ detection of fraud and other irre9ularilies. In so far as each of the Trustees is aware.. there is no re￿vant audrt informatk)n of which the Chantsb￿ company's audilor are unaware; and the Trustees have taken all steps that they ought lo havè tak8n to make themselves aware of any rèlevant audrt infomiation and to establish that the auditors arè aware of thal infomialion. The Trustees are responsible for the maintenance arKI integrity of the corporate and financial infom)ation included on Ihp company's website. Legislation in the United Kingdcln governing the preparats.on and dissemination of fina￿la1 statements may drffer from ￿giSla1￿ in otheriurisdict￿ns. 14 **COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE FOR THE YEAR ENDED 31 MARCH 2021** ## **Independent Auditor’s Report to the Trustees of Community Foundations for Lancashire and Merseyside** ## **Opinion** We have audited the financial statements of Community Foundations for Lancashire and Merseyside “the parent charitable company” and its subsidiaries (“the group”) for the year ended 31 March 2021 which comprise the consolidated and parent charitable company Statement of Financial Activities (incorporating an Income and Expenditure Account), the consolidated and parent charitable company Balance Sheet, the consolidated Statement of Cash Flows and the notes to the financial statements. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: - give a true and fair view of the state of the group’s and of the parent charitable company’s affairs as at 31 March 2021 and of the group’s net income and net movement in funds for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Companies Act 2006. ## **Basis for opinion** We conducted our audit in accordance with International Standards on auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. ## **Conclusions relating to going concern** We have nothing to report to you in respect of the following matters in relation to which the ISAs (UK) require us to report to you where: - the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or - the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the group’s or the parent company’s ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. ## **Other information** The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees (who are also directors of the charitable company for the purposes of company law) are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. 15 **COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE FOR THE YEAR ENDED 31 MARCH 2021** ## **Independent Auditor’s Report to the Trustees of Community Foundations for Lancashire and Merseyside** ## **Opinions on other matters prescribed by the Companies Act 2006** In our opinion, based on the work undertaken in the course of the audit: - the information given in the strategic report and the directors’ report for the financial year for which the financial statements are prepared is consistent with the financial statements; and - the directors’ report included within the trustees’ report have been prepared in accordance with applicable legal requirements. ## **Matters on which we are required to report by exception** In the light of the knowledge and understanding of the charitable group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or - the parent charitable company financial statements are not in agreement with the accounting records and returns; or - certain disclosures of trustees’ remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit. ## **Responsibilities of directors** As explained more fully in the Directors’ Responsibilities Statement set out on page 15, the trustees (who are also directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the group’s and the parent charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent charitable company or to cease operations, or have no realistic alternative but to do so. ## **Auditor’s responsibilities for the audit of the financial statements** Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. 16 **COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE FOR THE YEAR ENDED 31 MARCH 2021** ## **Independent Auditor’s Report to the Trustees of Community Foundations for Lancashire and Merseyside** A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s web-site at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report. ## **Ability to Detect Irregularities** Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below. We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements based on our understanding of the Company and through discussion with the Directors and other management (as required by auditing standards). We also had regard to laws and regulations in areas that directly affect the financial statements including financial reporting (including related company legislation) and taxation legislation. We considered the extent of compliance with those laws and regulations as part of our procedures on the related financial statements. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements. We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit. Audit procedures performed included: - Discussions with management, enquiring over non-compliance with laws, regulations and fraud; - • Reviewing minutes of all Board meetings during year; and - Review of transactions (including journals) using data analytic software. Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows: - the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations. - we identified the laws and regulations applicable to the group and charitable company through discussions with directors and other management, and from our commercial knowledge and experience of the computer component manufacturing and supply sector. - we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the group and charitable company, including the Charities Act 2011. - we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence. - identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. 17 **COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE FOR THE YEAR ENDED 31 MARCH 2021** ## **Independent Auditor’s Report to the Trustees of Community Foundations for Lancashire and Merseyside** We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by: - making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud. - considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and override of controls, we: - performed analytical procedures on income, expenditure, debtors and creditors to identify any unusual or unexpected relationships. - tested journal entries to identify unusual transactions. - assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias. - investigated the rationale behind significant or unusual transactions. There are inherent limitations in the audit procedures described above. We did not identify any such irregularities however as with any audit, there remained a higher risk of non-detection of irregularities due to fraud, as these may involve deliberate concealment, collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. ## **Use of our report** This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the group and charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body for our audit work, for this report, or for the opinions we have formed. Mark Bradley BA FCA (Senior Statutory Auditor) For and on behalf of BEEVER AND STRUTHERS Statutory Auditor The Beehive Lions Drive Shadsworth Business Park Blackburn BB1 2QS 04 November 2021 18 COMMUNI￿ FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE CONSOLIOATED AND COMPANY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021 F￿￿5 Funds 2020 Incoming resour Income and endowmertt* Irth￿: Donaliorts ￿ *athes 41 141597 883.477 335.888 CharrfaD*ttthvilie5 4W56 &636ASS 059,311 3.IMI,141 Inyestsxénts 431678 4￿292 504,653 Other acliMthe5 4A 1249 Traal 511 7411J 96• 3 881 682 Expendlture on R*iSity l￿d% Cost5 irfgenerabng d(M¥bons Wcies {311NI) 1302.40n Invostrheni man¥Jwwt¢<6ts (37340 [372401 137,632} Chantable 1351,Q84 lfj.1n￿ll 11530,9561 12.887.753) T4)th1 1669.9291 1(171.871} 1373401 IC816,04QI 13,227,792) gaknlllos*l on InY•slrn•ntass•ts Unr•alls•d galnl(10551 on Inv•sirnwrta5s•ts NDt incofflellexpeNSituipl Tr4n4l•rs ￿￿•*n lunds 48.913 4B.5¥13 115,7961 11.073.033 1434.9391 J.346.7T3 534,153 3A46.321 4019,553 22.ljts 2S5A41 SSOJ$7 277.631 1241.9641 3.983,B96 4.019,563 1434.9391 RKonclOalion of funds Total luThdx br•ughtfowrd Total lundscathedlor•rnd 1.914,634 1672 870 14291,189 19.275.065 17.561.267 21 588 8JD 18,C￿4.X6 17.569.26T The 3tatemeDivf finantsal a￿￿10$ al￿n$￿ k)¥ses ￿. Al reswss and resour￿*%￿ldthj derive fr￿ ￿￿tinuIr￿a actiwliesof thecharty 19 COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE CONSOLIDATED AND COMPANY SUMMARY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021 2021 2020 Gr055 incoTh frorn all sixirces Less endow1￿?1 income Total Incorne Total expendlture Less endowment ewerKkture Trarssfers from gn¢owment lunds Net l•xponditureifincome lor the year 7.410,369 1.17S,807 6.234.562 16,886,040) 37240 550,357 63,881 3,881.682 718.6S8 3,163.024 13,227.7921 37.632 768.071 740.935 The notes on pages 24 10 40 lomi part of thes• financlal s¢•tvfi¢ft¢s. 20 COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2021 2021 Flxpd AsHts Tanglblo assets 11 12 9.567 19,394,297 15.9S8.960 19.4D3.864 15.961.186 ¢urr*nt As¥•t• D•btrws Cash at bank •nd im 13 209.165 1.r95.501 2.004.666 2.759.3M 2J40.775 REDITQRS.. amour f•llinJ due Yhrythln one ytar N•t CumJntAss•ts Total M•t Ass•ts 655,809 396.585 184,966 21 588 830 1.608.081 17.569.267 Thtr Fw¢l¥ of th• ChJrrty Endovfflivnt Funds Umothctsd Fund Restrlct•d Fund5 Charfty Funds 18 17 19.275,065 640.J95 1.672.870 21 $88 830 IS.291.169 263.264 1.914,834 1T $69.267 These finanCA￿ stalement5 have rK4pared m wwsic¥)s a￿￿tAL￿et0 CC4rwn*5 5Ut4"eclto the smal ctsryAnies' rogirr*. rov•d by th• 8¢xrd 01T￿lIe￿ authorfsedfor h$￿10Th 04 Ilowrnbv2021 A Rob4ts- Trnst•¢ Comparw Numb•r 3422207 COMMUNrrY FOUNDATIONS FOR LAMCASHIRE AND MERSEYSIDE COMPANY BALANCE SHEET ASAT 31 MARCH 2021 20 Fix•d A¥8•t8 T•ngiWo Inv•strn•Trts 2226 15.958,980 12 19,394297 19.403.864 15.961.186 Curr•nt A*$•ts O•blor& Ca•h at b•r* •Trd in barwj 13 81J6T 2.759. 2,14•,775 209.165 1.795.￿. 2.(¥)4.666 CREDITC*S.' amounts lalling due Wlthln ono year Wot Cuffent Asgets Totd N•t As6•ts 14 39&585 118C986 21 1.608.081 17 569.267 Th¢ Furids ofth• ¢￿ty Endowrnort Funds Unre•trict•d Fund R•strfct•d Fund? To￿1 Ch•rfty FUNI 1927&065 140,B95 1,671.87 21 SBB 8X* 15.291.169 363.264 1.914.834 17.569 267 17 These financial slatsments haye been Frfepared In accordxLe *ith *icaWe è> sut4"O¢t 10 the ts￿1 companies. regime. Appr￿￿ byt￿ Bèard OfTruxt•￿ 04 Ilov•nbvr 2021 A Roberts.7￿114• tynpany Nwnb•r 34Z22Q7 Thp notes on pag•s 24 to 40forni p•rt $i•¢•m¢￿. COMMUNtrY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE STATEMENT OF CONSOLIDATED CASHFLOWS FOR THE YEAR ENDED 31 KIARCH 2021 2020 C￿h ￿l•d In •t I•ypwidilvrryIfl￿¢0￿￿ fow Ih•y Ae4usimenl5 f￿". Oecres8&iinuea¥el IndBbt¢Y5 ItVga5e In cre4iic*s Loss or. dtspos*d fix￿8￿8¥ts Dep￿(la￿an N•t¢4*h p￿￿d*d by Iuwd In) gp•r¥lkng a¢tMI 1614.146} 127.1361 1￿,12• 259,MT (184.1051 155.608 4397 2241•1 704 Int¢r••t R•c•l¥•d 397,6 471,710 C*th ftowi frvm inve5lng aGtfv#l•s Cash fvarn Investrnents Purthase of ass43 Mat ush provlil•d by (used In) In¥•slDq a¢thlUes 1167.958 11.8301 49.920 168.792 ash flows from I￿￿111 Receipt olevendable •ndowMeTrt eabh kVOvié4d by (US￿ ￿}fir1*￿Tr9 4Cti¥*l•* 740.880 740.810 247.467 247467 lTrcreaM ¢ash and tqulvaknb th the year 963.807 so4.￿1 Cash and ¢•&h •qulval•rrt6 atth• bIg￿n9 olth•y•ar 1.795.9]1 1.290,020 1795 501 23 COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 GENERAL IYFORMATION The Charity is a registeied thanty In En9larMI arKI Wales ar¥J 1$ a privats Limited Company by guarantee wthoul share Ca￿tal. re95ste￿ EngLand and Wales under the Companies Act. The address of the pY1￿1paI office is Tth"rd Fbor. Stanley BuildiThJ. 43 HarKtyvef Street, Liverp¢)ol. L13DN. STATEMENT OF COMPLIANCE The financial slatements have wepared in a¢¢ordan¢e with Aw)unb"ng and Rety)rting by Charities.. Ststemenl of Recommended Pr￿tICe applirable to charilies prepariny t1￿1￿ a¢¢ounts In accordance wlh the Financial Rewrting Starh4ard applicable in the UK and the Republic of Ireland {FRS 102) leffective 1 January 20151 {Charl￿.e$ SORP {FRS 10211, the Financial Rewrting Standard appliCa￿e tn Ihe UK and Ihe Republic Of IreLaThJ {FRS 1021 ano the Companies Act 2006 ACCOUNTING POUCIES Basls of preparation The financial statements have been prepared in accordance wth Accounl'ng and Re￿￿n9 by Charitie5' S￿te￿￿t of Recommended pwfl"￿ aWicable ¢0 charities preparing their accounts in accordance with th¢ Finawal ReFxyDng Stsr¥Jard applicable in the UK and the Republic of Ireland IFRS 1021 (effective 1 January 20151- Chariknes SORP IFRS 1021, the Financial Reporting Standard applicable in the UK and Republic of I￿land IFRS 10218nd the Companies Act 2006. The Statement of Financial Activities and Balance Sheet Cons￿￿13t9 the financial statements of The Charity ol John Goore (Charity Reg No 238355) whith was acquired on May 2nd 2017. The Community Fwndation5 for Lancashire and M•rsèyside méèts the definilion of a public benefit enlity urKler FRS 102. Assets and liabilities are trnitially rncwis8d at historical cc¥st or Iransaction va,'ue Un￿$S othemse ststed in the re￿Vant accounling Oicy noielsl. Going concern Tho trustees are satisfied that thtr a¢¢iMJnts shwld be prepared on a going concem basis and have ¢tsnsidefed this for the periryj of twelve months fr¢m the date of approval. in Conjunct￿ wilh the potential impacts of the ongoing Covid-19 pandemic. 3.3a In¢omlng resourc•$ In0￿ing resources are induded in the StateM￿t of Finanaal Activities ISOFAI when they become recaivable, except tknnabon5 and gifts in kind. Donab"ons are incknded when they are received_ Gifts sn kind are valued at an ¢stirnate of market vdue lthgrè this can be readily ascertained. Deferral of incom8 takès plaee %there grants a￿ received subslanlialty in advance of th8 expenditure to which it relates. Whéfè grants irttlude a confributron to ¢osts for distriixjtion of restricted funds. this 1$ r$cognised on diStn"bUt￿ ol fvrnts. Investment returns are drawn in accordance with a total rebjrn policy and tr8nsferr8d to restricted funds for distribution. with an agreed proportw)n trartsferred io Cover management and administration C051s. Incom8 to cover cxjsts fN managemenl of ￿ invgstet1 funds is reca)gnised when rKeived and income to cover costs distn"bution of the re5utting restn¢tod funds is re￿an1$&I on distribution of tl)os¢ funds. Incoming r&sourees from govemment fiJrNl¢d entiti.es are accounted for in same way as other income. 24 COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 ACCOUNTING POUCIES Icontlnu¢dl 3.3b Oonatgd Sorvices and Facilities Donated professional services and donated faolities are rec(wised as In￿Me when the Community Foundation has control over the item. any 0)ndit￿S as50cialed wth donated item have been met, th8 recèipt of Économic benefit frryn its use is prcknabje and the e￿OMiC beneffit can bo measured r81iatAy. In aCfAydarKe wth the Chariknes SORP (FRS 1021. the g¢neral volunteer time of volunt8ers is not recoonised and users of these financial statements should ￿le[ to Truslee5' annual r8POrt for more infonnab.on abwt thwr C￿ntribut￿)n. On receipt donated profession& services arKI donated facalities are recognised on th8 basis of thè value of the grft to the <*arty whth Is I￿ amount the charity wwld have been wlling to pay to obtain services or faalities of equNalent e¢onomi¢ bengfit on the open market,. a corresponding amount is then recognised in expenditure in the period of recapt. Resourcès èxp•nd•d Resource5 eXpend￿j are i￿￿d￿￿ in the SOFA on thè accruals basis as a liability is incurred. based on work ¢*)ne ty SerY￿e$ Frovided in Ihe per￿jd. Expendilure includes irrecoverable VAT. and is reporteé as part of the expenditure io wh￿b il relales. Grants payable are reco9nised as experwjiiure wtsn the ¢tynmilmont is made and monitoring ol previous commitm￿ts is comF4ete. Costs ol Generating Funds indudes the cosl of brochures, adverbsiro, fundraising and other promotional events despgned to increase publtc awar•n8ss of thé Foundation, tog8th8r with oth8r Costs directly attributsble to fundraising activities. Charitable expenditure cixmprises those costs incurred by the charity in the delNery of its activities and serwces lor its beneficiaries. It indudes costs ihat can be alkxated directly to such activities and those cost5 01 an irKlirect nature necessary for the aclNities of the charity. Governance costs include Ihose costs associated meekn'ng the constitutional and slalulory requirements of the charity and indude costs linked to the strategic rnanagement of the charity. AJI costs are all￿ted between Ihe exFeThJilure cateyie5 of ts SOFA on a basis designed to flect the use of the resource. Costs relating to a particular actNIty are #llocated direttly. othèr$ are apportioned on an appropriate basis as set 4Yrt in note 5. 25 COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 ACCOUNTING POUCIES Icontinuedl Tangibl• fix•d ass•ts Tangible fixed assels are stated at cosl te5s accurnulated deF)wIa1K￿. The ¢ost5 of minor additi'ons cr those costing under £5¢X) are Th)t captsh"s&J. D8preCiati￿ is wovided io write off the cosl of eath asset over its expected useful lrfe using the ftllowng raies and methods'.- Fixtures and fittings Office equipment 33% straKJht hne 33% straight line Impairment reV￿w5 a￿ carrth as and wh•n evKterte c£Jmes to IKJht that the Tewver8b18 amE)unt ol a fU￿tiOn￿ fixed asset is beb)w its not i)wk lo Ilamag&. obsdescence or other reiavant fador. Flxed asset Investments In'¢eslments are irKluded at lair ¥a￿t al Ihe baL4rKe Sheet iJate_ Realised gains and losses on investrnents are cakyJLaled as Ihe difference betwgen sale prO￿edS and th￿r fair value at thè start of Ihè year. or their subsequent C05L of transaclion costs. aThJ are charged ￿ credited to the statement of financi* acbvites in the sear of dtskW)sal. Unrealised gains and losses reprosgnt the wement in fair value during the year and are u8dited or charged to the $￿ternent of finanrial activ￿"e$ based on the fair vahje, as advised by Ihg charity's investrnent managers, al the year erx1. All ÈndowÈd funds ￿e￿Ned are managed in a total investment basis. Credltors and Provlslons Creditor ba￿r￿eS are accounled f¢¥ w an otyJgatK)n lor p8yThents is confirmed. Grant payments are accrued when approved for settknenl. PayTnents for service contracts are a¢¢rued ¢n¢e the sepite has been deliv¢red. P•nsion$ The company eontribute5 to Indivllual Persond PensKJn for ts employees. Contributions a￿ tharg¢d to Ihe SOFA tn the period to which Ihèy r8latè. 3.90 Fund accounting UNeslricted fund5 ar9 in(x)miThJ resources receNabk cff generdled for the objects of the charity wtth.Jut furthèr SpeC￿￿d purpose and whith Lzn used in 8(uYoance with th8 charilable objects at the discrelion ol the trustees. R•strictèd funds are to be used for speufic purm a5 LqKJ d¢y*m by the th)￿￿. Expenditure whrh ets these crileria is charged to th8 fur¥J. Erw)owment funds a￿ held for Icry tem) rèturns lor the Foundation. A perc*ntage withdrawal from tha fiJnd5 is dlstnbv￿ in awydance with the ￿$he5 of Ihe orMJinal donN. Capital gains ox losses ari&ng cffi the investrnènts form part of the lund. Charges for ￿VeStment man￿￿MeThI and advice are charged to Ihe fund as irKurred. Income eamed on eTh1owm8nt funds is transferred lo restricted and unrestr￿èd lunds. 26 COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 INCOMING RESOURCES 2021 2020 Voluntary Incom Endowments Received Sponsorship. Donati￿$ and M&m￿rShip Gifts In kind- Use of office Gifts in kind- Rates Gifts in kind- Olher 740,880 33.492 70.Crf)O 5.427 33.679 883.477 247,467 10,279 70,000 5.342 2.800 335.888 Incoming Resources from Charitable Activttses 23 Foundats"on Fund 23 Foundab"on 10th Annivèrsary Fund ACC Liverwol Foundation Fund Ann and Ray Mèssèr Foundation Bemie Fletning Aintree Lung Cancer Fund BHP Billiton Fund BIBAS Foundation FuThJ Big Local Trust BeechvK¥)d Fund Big Local Trust NC￿1h￿Wd Fund Blue Sky Foundaton Fund BSBT Fund Cells Charilable Trust Fund CFLM Discret￿nary Fund Christine Ann Foundal Crime Prevents"on Fund Daneway Foundati￿ Fund Daneway FoundatwM Capital Fund Dulvèrsttsn Fund FPC Foundati( GB P•rtn*rship Fund GM MayDrs Homeless Fund High sher￿ & Mors¢y$￿￿e P(Ai¢o Fund Hil Dickinson Fund H(￿e Stset Home Fund HunV&y & Palmers Fund John Goorè Trust John Laing Charita￿e Trust FuThJ Lancaster Community Fund Lancashire Covid 19 Fund Laneashire Flood Relief Fund LCR Cares Fund Leahy Foundation Fund Liverpool Community Safety Parfnership- VRP Fund Liverpool ONE Founds￿Ort Fund Liverpool Tennis F¢xnt1atyon Fund Carri•d fornard 36.891 7.440 19.301 179.000 8,500 101,516 1.000 727 10,863 101,325 165,480 15,C#)O 441,004 16.086 145.376 49.015 17.493 11.4931 385 158.061 58.100 20.000 102,500 12.500 7.058 217.500 21,(K)9 4.986 15.954 11,907 64,233 10.000 13.094 32.586 53.715 23.600 875 2.095.827 323 2.159,836 21.200 12.725 46,000 89 46,115 6.145 226.671 loo.￿0 257.CK)O 1,023 1,886,004 5276A35 27 COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 INCOMING RESOURCES {Contd...I 2021 2020 Incomlng R•sour¢•s from Ch•rltable Ad¥llles (Contd...) Brought forward Made by swt5.aubs in cri￿5. Furmj LancashirE Plade by SpcKts'aubs in CrisB' Fund Merseysde Mark McQueen Foundation IMer5eysidel Fund Mersey51de C(KnmurMty Investment Fund MJ8 Fund Mc¥n•ntum Fourxlation Fund Nationwde Building SocEty Fund Na¢ionwde Foundation FuThJ Olivia Rae Foundation FUTh PCC Covid 19 Sèxual WK)￿nce Fund PCC-Covid 19 D(xYÈsts"c Abuse Services FuThJ Pendle Music Bursary Fund Ptslic8 Prtsp8rty Aci Fund Red Rose Responding Fund Rimrose Valley Running Track R?yal London F(￿atIOn Fund R'NE Innogy UK Ltd Hameldon Hill Wind Fami C￿￿nUnity FUTh The LanrAshire Womens Ftsnd The Manchesier Womens Fund The Merseysije Womens Fund Uber Fund VRP Art5 & Culture Fund Windlè United Fund #i%trill Mersey5¥Je Fund #iwll LancashirÈ FUIKI #ivAII mart￿$1&1 Fu￿1 5,276,435 705.271 96,450 2,476 2,250 1.886.004 3,179 1.000 4.558 18,750 55,000 511,369 so 564 118.233 236.404 25 49,510 52.252 49.500 10,000 21.900 13.017 94.892 140.304 103.507 22.000 11.322 728 91,926 15.826 43.000 35.250 22.000 3,041,141 6.059,311 knY¢stment incomE 8ank and other Inleresl Investment Incomè 11,640 454.652 466.292 6.289 498.364 504,653 Other 1.289 1.289 Total Incoming r¢sour¢eJ 7.410.369 3.881,682 28 COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 4 INCOMING RESOURCES (Gont....) 4.5 Comparatl¥e Statement of Flnanclal ktiv*ti•s Unrestricted Funds Rèstricted Funds Endowment Funds 2020 Incoming resources Income and gndowmentg from: t)onations and legacie5 88.421 247,467 335,888 ChantatrAè atknvitEs 319.851 2.721.290 3,041,141 Inveslrnents 33.462 471,191 504.653 Other activib'es Total 2 721290 3 881 682 Expendlture On: Raiging funds Costs of generating d¢Thtion5 and legaryes 1302,4071 1302,4071 Investment management costs 137,6321 137.6321 Chantsble aclwities {385.7￿) {2,502,0531 (2,887.7531 Total 688.10 3 227 792 Realised gain on investment assets I15.7￿) 115,T961 Unrealised gain on investment assets 114.5521 1.058,481 1.073,033 Net Incomellexpendliurel Transfers belween funds 1260.925) 257.817 219,237 1393,2511 1768.071 1434,939) S10,254 N•t mowment in fund5 {3.1081 729.491 11.161.322) 1434,939) Reconclliation ol fund$ Tolal lunds bm9ht forward Total funds rarrfed fonAfJrql 366.372 1.185.343 16.452.491 18.004.206 1914 834 15291 169 17 $69 267 29 COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 5 TOTIL RESOURCES EXPENDED Ba515 01 Dor￿11￿% Charitablo Alar￿geM•nI Tolal 2021 Totsl 2020 Gr*is p•d I le61 Slaflrns151see ard note 81 Healhure costs Publi¢ty and adveffi&in9 PPS & lelephone Staff trainin9 ME￿n￿ ctis15 RenvFIat￿S ￿ kirnl in kiThY Dvect 6.178.621 6.178.621 2.500.343 red 113.OB9 2.074 358.115 471.204 2,074 471.968 2.641 Direct 8.963 9.213 15.809 sialf Tine Direct Dir￿* DwKt 4.252 3.625 4.252 3.625 3.770 975 75,342 75,427 33.679 75.427 33.679 Consurt* U¥e 220 ALQit & fees Travel 15.540 899 15.540 899 T6.￿7 13.114 costs staff 13.808 13.8C6 12.5Y m8etiiYJ$ s￿b￿npt￿s Bank chary&s Insurance Recruitsrw Vthwt9•r e¥ens•s Other Depreciation Legal & kY(*e5siond fee5 lfive51mer.I rnanagamgntcosts Events speu.al Project costs recl re 16.277 16.277 552 5.728 15.945 3B7 5.142 7.959 1.261 8.905 2,929 uS￿e Staff fime threct OireL* Oirtct Oire UsaJg 5.728 212 6.224 4.4 212 6.224 4.490 13 13 tArect Oirect Oirect Slafl fime 37.240 37.240 1301 37.632 27.728 1.558 916 Exiernal G￿nI Assèssor5 DirBcl 1,600 311.844 6.536.956 J7.240 6.886.040 3227.792 The overheads aty￿8 inckth £109.1￿ of ¢knaled gor￿ts Crmnunty Fourxl*ons pay Th) consideration. On¢e Ihose don818d good5 are deducted fram c￿e exF*nditWa thè ovuheads lexc¥J¢JirKJ grants awardèd & inveslment managernènl Costs) amount to £561.07312020. £599.9661_ The CommuW F￿ndall￿ inibalty KkntI￿ th8 costs d its supwl ru￿1￿￿. 11 then h￿ri&S Ihjse cDs15 relate to the governai* fur¢bon. Hawng '.dentified its gO¥err￿ u)5ts. tne Temariry c￿$ toyelher wth pov8m*¢e costs are apsxxtioned beiween Ihe key charitabk &￿*JeS yea. 6 GRANTS lyd￿¢DED All the otsnlabk athwties un(l¥f8I•7 by the tharity rpFwesent Fwther axpjl $r￿ts fflade In the y88r can be seen ill Nole 16. COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 NET INCOMWG RESOURCES 2021 2020 Net incorThng resources are stat￿1 aftercharging" Depreciation Auditorf5 r8mun8ralion 4,397 15.540 2.929 8.790 STAFF COSTS 2021 2020 Wages and salarp8S Swal security ca51s other pension costs 391.192 37,329 44.323 472.844 398.171 36,872 36.919 471.968 One eftwloyee received •rTWjtUrn￿ts of more ihan £60.C(KI12020.' none). The chanty contnbutes to Indi￿thI81 PetsLKal Pens￿ pjkies for all its empbye8s. The assets of 5rheffle5 a￿ he￿ separdtdy Irorn those of ltte Charity n independ¥nt￿ administered fund$. The pension charye 01 £44,323 12020.. E34,3691 represents contr*MJtiMs paid by the Charity to the funds. There wer• £16,148 ousianding contnbutths at 21 March 2021 131 Marth 2020.. £NILI. STAFF NUMBERS The average number of empbyees lexthding InJsteÈsl duriry the ywwas as follows.. 2021 2020 No. Management Development Finar Programmes Total full tir(e equlva￿nts 12 13 Toial staff 8rnploy8d 15 14 10 TAXATION The charty is ex&mpt from tax on incorne and gains fath'ng within SectKJn 505 of The Taxes Act 1988 or SÈthon 2S2 01 The TaxalM)n of Chaiilabk Gains Arx 19Y2 to the Èxtent that Ihese arè appliad to its charitable objectives 11 TIJIGBLE FIXED ￿SETs xtur•$ & Fltting$ Offl¢• Equlpmtnt Total Cosi Ai 1 April 2020 Additi(￿8 Disp05als 31 March 2021 14.872 1.149 114.0381 1.983 71.544 10.681 164.5631 17,662 86.416 11,830 178,6011 19,645 Dgprn¢i*iion Al 1 ￿ri12020 Charge fL¥ year On Disposal 31 March 2021 14.131 591 114.0381 70.059 3.806 164.4711 9,394 84.190 4,397 178,509 10,078 Net book value 31 March 2021 1.299 8.268 9.567 At 1 April 2020 741 1.485 2.22fj 31 COMMUNrrY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 MARCH 2021 12 VE8TMENTS-GRWP+ COIIPAJIY rt4VESTMEpirs UK Ilst•d Inwstm•t*S We4llh & Inv•th•nt IAarket vak* ai 1 Awd 2020 9.068,55 455.520 1669,8731 2,026,894 111.080,899 S1.480 10.932.379 9.806,139 206.156 1129.2691 186S.23S1 9.017.791 50.767 9.068.5S8 tjsposals at R8¥aluation gal￿{1￿&S￿l Ckn-n dewsits in Ihe UK $thlotsl Invqst•cW••llh & knY0¥1n￿Trt CCLA ConMThoTr Inv•stm•nt F￿d Market 1 April 2(Y20 Additsons swsals ar tnarfKel value 6,507.404 119.￿8 19.6021 1209.0411 6,408.667 151,890 1.JX.OT8 7.BBQ.635 Sub ioi•I CCLA eeLA CFLIA DI5¢rn¥0r￿ry hi¥•xb) (4)oTriw Math8ivalue Addrttsns Di5posah al markei ¥akn7 Rev31uatioD g&nllDSS Clvsing mark•t va14 1.735 496.288 114.5531 481,735 581.283 Total In¥estments 19,3XJ7 15.958.960 Illaitykal ¢¥$1 15127.694 15.190.157 Llsl¢d Inw*tm¥ryts UK iNI'estrn2nts Over5thaS irNesitrw15 Cash Wsits 951,Q04 11.979.922 6.$54.137 8.818. 586.757 15.958,960 19,394,297 A CCIA8nd Invest￿ EQtalknw £934,194 12020. t7fj3.7641 fwewt the asseL% Of1￿ of Goore. In the ￿MpanY baL4nce s*t these have been rcfjected as ai inslrnenl in ￿b￿d￿ary ￿ a2UxilanrF SORP roqurement&. The ￿l31eeS Indr￿dUal ¥weslrneryt hcW5 In *AC￿OI of the porUc4Kt 10 bo mai*ai No indi¥idual $ho￿￿rIchr￿5 or Inve¥ments are Cons￿￿￿ ￿J￿rJuaity to Je rpwlerial bybb tro Ma￿8t vahAs ana propDrbon of the porffL*o shm as at 31 Math 2021. Tr* Inbestrfwts ￿ h8kl lo wwje an ieium iothecharity. lthapplled totsi re￿￿ released EndtyMIMnt to kncamo Total Endo¥Jm•nt At 1 Apvl 2020 Mponent of ENkPjAT￿". Urwppb8d toial tebJn Total 13.1(M).87) 13.lQQ.870 2,081.798 15.182.668 2.081.798 1081.798 13.IIM870 owm4nts in th• rvportlng p•riod.' Gfft vl pndowinevl InvF5trn8nl Management Fees vvJpnd5 ￿ Intwesl 752.732 752.732 137.2401 4J3.678 3.493.584 4.642.7S4 1372401 433.678 3.493.584 4190.1)22 Tot*1 752.n2 unap￿E￿ tcAalrwm rdeaxd 10 rfi¢tyre {5$0.3571 (S￿ 3571 14et pwio 752.732 3.J39,fj65 4,092,397 At 31 March 2021 Gfft ComwJneTrt ot En31 15Q.8WI {5.(Wl 1150 10.703 GM Hone*55 Fu Gosp Banrf Tn Grd&5rcds Halton FOUNat￿ Ch￿r￿￿O[corrKft*rt+ Haton Fo￿￿4.J￿- Kr.Ights Fun¢ 1,572 3,432 243 11.1391 4.897 13.5D71 38.394 S.971 1269 18.6S8 114.5881 37,Y7 11,507 3,903 12J11 $3V FuTrJ 97 Sienff & P(*• Fu￿1 tr*II DKkinScn (23.9441 140.9941 (9 2001 31.63J Hun-.*& Palrngrs Fur In￿1¢¢ S I￿rn￿l FLTh J¥pyn£8e Tsurami Fb m F￿rt D Gty)￿ Fw1 JDhn Gwre Tn￿lFL John Lang C￿artsb￿T￿￿ Fu￿j Jo4gpi HaneyFuThl KTwJ* Foun¢￿ Fre0c￿r￿R*￿n￿ FL Founrtthn F￿1 Kno￿$Y so￿41 EnlWP)soS*kn Dv* R(ty fkn55 Fh>wTfM• F L￿3$h11& knvestyntrtt Fund L5rvshireCowd 19 Fund LaTh4thirp Rac¢Nery F￿10 LaffltA￿ErcOMrn￿￿rtV Fufyl LOnca5tgrFMdabx Fu L¢RCafy5 Fund LeAhy FDuThlatoi Fund LN¢tPUl Comth￿￿ty 835 74 11.Th)1 2,5 23,129 550 9,154 S7 12. 14,187 {1.ty)01 12¥81 1.675 5.184 1.675 1429)) 2.150 7T1 8.886 21.192 1.*1.461 It.974￿} 45.519 1&.6381 12Y.5161 12.123.284) 175.(O)I ￿￿.892) 117.10&1 157.4361 ljl 10.427 75.439 18.490 6.122 46.1r 35.343 {119671 2.021.576 {21.1671 34 713 17.ID7 268.425 792 923.779 LTh*rp￿1 ONE Fourkn FL L￿0￿1 FoLthdakn FL￿d tt4F2 7S2 1.254.f 15.335MI COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE NOTES TO THE FINAACIAL STATEIIENTS FOR THE YE￿1 ENDED 31 MARCH 21121 RESTPJCTED FUIQ)S Icontd...) Asat Trnnilw¥ 31 MArGh 1021 1 *prfl 2020 Balance broughtf¢Aw¥d by SFxyi fluts 4n Gnss" FU￿ L￿athre Made by SFvt flubs In Cr￿. FU￿ I ardty Group arx McQJoen FouThJaliL¥I ILar&wYel Fth VcQueen FouThJat*rt IK4ttseysthl 1254.￿￿ 4.9)B.Y8 15.W.2961 105.271 96.117 923.779 105,171 9i117 ZOJT {3961 6.251 16.279 2.03D 9.49S 22.06 2.476 (20,3531 11.9961 3,124 25,791 40.030 14.C76 J4.470 IJB Fund 116.wl 11.1th)1 MCfflen￿rn Fou￿al al￿]n￿d• Building Soryety Fund alm￿￿de FOLrtaI￿ Fund Oth Fwé Lancwye Olivkg Raè F(￿atiOn PCC.Coy￿ 19 Dorne*ic Abus0 Ser¥Kes Fthj PCC C¢Yid 19 StrxuaivthKfj Fun Pe& PO￿ soo Fthid klvw¢ F￿r￿j Polits PropertyAci F 11.4fy) 248. {10.[￿) 1208.89$) 39.ItsB {1.4001 1218.88SI {$.9￿) 216.886 113.108 19.e07 10.956 1.147 3.792 2(1.954 5.316 19.4321 {47.5021 {49 9951 47.9)2 105.575 2S.C18 25222 55,579 Progress H¢NSiry L*T•￿j Fw R8y Messv Red Rose Reswithry F￿d mioseva*y Tr*k RosseDd* CrmTrJr#ty Fund R¢ssrt¥Fwrtdatth Rumi & Rtsht Fund RU￿¥t ¢c￿￿￿tyA￿l RWE Irrnw UK Lld H￿*1￿0￿ Ha S4fton M8C e￿￿¢41￿47 & Lwing SÉfton MgCTayknr Fur Shcotry Stw3 Fovnd*K Shop Thr¢¢t F Survmry WintsrLwushre WirforlAwsey>Je Lar￿$￿ttwCnT￿nS FLTrJ Th8 Fwa The Nlersey5*Je Wormns F￿rrfj wThl¢ utd CTh*ty Fund Ti**y Inve51rrtht Wagwrenl FL¥hY VRP Ats & Cuhur• FL4id WO Strost Lanca￿￿re Fwwj wo strqet Musejside Fu Youlhbank kn*ill L*icashr¢ FLV*1 11 FurKI oIDer FuThJ5 9,751 {IWI 49.9 10. 16.9S01 49,500 10,LY)O (12911 7.571 37.428 16.734} 1?,922 4.562 15.185 1*678 221 11.owi 14.8541 24,149 1?.07 8.873 22S 10.120 1.267 287 18.526 1.371 1,247 274 15.976 18,960 17,0191 231 45,174 1.205 13,100} 116.5291 182.702} 82.933 37.351 7.924 11.4831 5.273 {4.992} 14.W) 16.1fA)) 26.01Y 1.914.834 13911 {i0.x￿) 12.OCO 33.YJ1 293.725 59.948 1.672.169 s.611.￿ 16.177.UOI 35 COMMUNrrY FOUNDATIOMS FOR LANCASHIRE AND PAERSEYSIDE NOTES TO THE FIN￿ClAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 17 UNRESTRICTED FUNDS 1 *wi12020 Trwslws 31 M4r¢h zozi 669S29 18 EFKJOWMENT FUNDS 1 20X IrKaThMwJ GJkn• and 31 ma￿ ￿21 Tran*lu 1tt142 1323BI IT25 8x1 189,19) 3.3Te.187 1.121.179 10.153,886 &*opnoaNeèrkJMDent 1.0925)3 15241.169 1.174.558 1758,039 3.$67.377 19,275,065 I WI 2020 fr4rtt*$ 31 M•r¢h 2•21 Rosseroth Ccffimuniry Fu Seftw MBC ErtLuti￿ & Leatnry Trwt 4 OtheT FunJ5 149.77.142.156) ThÈ CTh*iLy DlJthn thrfCffjOI 127 140,745 121.196 4￿.5¥3 4.5&* 29.537 27.145 1$7,J45 167.890 201.553 594.391 14.9)4} 55.159 117J961 101.998 23 Fwnda*JTr FoL.noation CF sh￿Tr￿St BHP PAlitan U9 Sky ETr*xDentFL CFLNI C>screknary CF El￿<￿￿t CFLM tse￿1￿ Chn$tal Foun￿( OtherEnth*Trwi Funos Gors8 Trabl CF Ervj(rtw￿1 Haiivn Foundawn. Hart￿cr￿beW U1Carrrfn￿ CF Halton Fourylaty)n-KThgtrlS House Halton Fouffld*on Trsy Transfer Fund Halton FOUn￿On Widnes ErthTrontFur High Sherffs *ld Merseysth .1 Th¢kIrL>￿ Ft.ufvJat H￿TrueY & Pa1￿￿¥ Fty￿J InYqst8cWe4Mh & In￿￿￿¢nt G￿r￿TrlIt Jg5eth Hart8yEnknTrgrrt FouThl*or Fred Endty￿¢ Fu Krth•sky Fourd*(*. Ggrw* Endwnefflt Fts LarKashty C*Nnunty CF E.vc<4iwi Fulb i.070.￿. 49.714 24.745 1.7$2 14. 1S1.2561 253.TSS 10 273 85.(68 62.￿5 442.213 18.W3 1.214.843 4•6.419 317,503 1.679,738 106.873 22.949 1,DOI.417 11.994 10.602 J1.970 415.555 1Jg.535 21.￿3 6J6,582 4.154 66205 49,031 JJ>.893 67.399 58,921 36M51 7.171 S.J65 188.470 40.41IJ 1￿76,￿•9 1.162,006 1647,616 119.432 493293 1,441 264.742 870.803 8.57Q 19259 886024 1B994 17074 28.163 JY.928 .112 17.82¢ 3.122 11122} 14557 (822) 112.IS81 13,38n 16281 129.3561 5407 .627 19.861 3.683 12Z.243 76.98$ 12.131 26.749 13.603 7T233 285 915 547 333249 41.Id8 9418 56.563 {3.4091 12Y6 10 091 6.243 {i.c65} 12301 f2711 230 104 1030 G$￿Tal Endo*Thort LaTwtrircoMm￿ItyEv￿￿Tfft￿*F￿ LÈncaster F￿lI￿j￿￿¢n L•ahy LfveTE￿ ONE F￿Anda 155.7ff 33.913 891.6SS 979. 1141.594 157.953 417.325 12.0441 T.752 186.154 198.039 543.992 3T.412 97.424 186 31.451 {444S51 63.T11 19 5831 FoJTwJabo7 M8ttra5h CF Ertovrnent FuTrJ 294 215264 933 1 155 7.076 Ir.525 (15.1981 (J7.￿} 3N.508 ia307 6.JlQ 31,6£6 11167 34.75$ Fund 1S7 837 1,2( 5.457 Oliwa Rse CF ÉfflithwAneni OtherEnthy*ThFn".Fur Peg1 P¢rfts s0(1 PE￿[e Yourwa Pra9ross ￿k>j51 Rigtii Fund ThÈ F•milyFur seft￿ MBG FuThJ EntttsAfnert S¢fton MBC Ed￿a￿ll￿$tF￿J SW ￿l£CtcF ThE ¢•ls CharflÈLIE Ttust ThB Lknilgo Fund 19311 57.915 25.169 PT2361 (1.75gi (8.ssn 114.9181 19.2221 115.8681 6.676 8.S57 246.376 261.129 261.534 5.721 31.485 87.414 $8 3S1 215,473 315,714 313,657 6.044 61.947 37.511 105.$50 12Q.S80 196,011 592,103 18.976 {1.4201 14,382 101.403 213.833 47.431 IZ2.WJ 181.649 491.4(K) 15.7251 WO WO sireeiNkn•%d8 YI $10 1572591 {111461 2C•J.196 240.10# 1.174.SS8 39 1se7.37T 19.279.065 COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE NOTE5 TO THE FIP4ANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2Q21 19 AM￿Y31s OF NET #SSETS BETWEEN FUWDS Totsl End(Mmènt Furth 19.223.585 51.480 19.275.06S Rwtncle(l Fundi 1.672070 1.672.87D Unreshcted FuThts 9.567 170.712 ).616 640.89$ 9.567 19.394.297 2.184.966 21.588.830 20 TRU$TEE$' EXPENSES Aftnur R¢DOrts Andy Myers Cdin Warda £3512020. rJ881 £nl 12020- E461 £Trl P]20-É5421 £nl PO20-É2651 21 RELATED PNJITY TRAJISACn014S Ms D How￿. a tntstsè. 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Gain5 Transfers 1 WI 2019 Inc¢xning Outgolng 31 m￿h 2020 P•mian•nt arthM•blt: Ross?rQalÈ C(¥rmmty Fund Sefton MUC EdLraknon & Le￿11¥￿ Trust 4 Other Fijnds 149,77.142.1561 The Charity of John Goorelw) 133.644 146.97ri 126.923 S17.304 4.521 4.825 1.535 17.oy 110.3571 111.DSOI (7.2621 131.9651 127.808 140.745 121,196 492.393 ExpÈfid*b4• énd+>wn*nt.' 23 FauTK*dtion Alfr￿1 Shaw Trnst BHP &'51rton 81ue Sky FOur￿at￿n E￿0￿ment F￿￿ Chnslal Fowdati Tilney Invesknent ManaJerwl Hatton FO￿datiOn- ￿n￿hts ￿rA￿a High Sheriffs ar¥J Mer5eyside Pc4ice Tntsl Hill Dickin%n FLM•idabon John Gts)r8 Trusl Lanca$hir* Géner￿ Eno0￿n￿￿t Lancasiar FowdaiKJn Leahy Ftyjqdaiion Livery￿￿ ONE Four￿81￿)￿ Matk McQueen Fixjndalion LancasNre Matk McQueen Fixjndotion K4erseysKle Merseyswje Cijmmunity Investme MJB F￿7￿ Pendle yO￿g Muwans Bwsary pro￿esS Mousing Runw and Fun The Rog$itFJr Fa￿.11Y Fu￿1 The wind￿ United F￿)rt WO 5tr88t Lancsshir8 WO Street Merseyside Olher Funds 1.2£¥).￿6 429.61g 296.753 I.(￿.1AM) 1.013.512 513,161 ).499 14.267 7.541 28.646 22.430 17 034 11,899 15,794 11.041 14.3W)I 1155.5741 132.5551 138.4661 (1&3.6691 1144.6511 138.7951 122.3031 169.70Ql 131.5591 155.7191 122.5911 170 4471 1103.4831 1256,3221 122,9191 159,7631 I36,[￿5) 190,1751 1,D70.e01 411,391 264.742 870,803 8B6,824 491,400 JS4,921 530.3è2 333,248 309.806 155,702 a￿.655 979,36B 2.141.594 157.153 411,J25 275.263 884,933 242.779 246,376 261,729 261,$34 181,M 11.0861 14.1741 14.4671 586,011 354.089 363,059 174.502 930.161 1.053.$93 2.284.122 177.051 461.058 11.7191 13231 15721 4,429 30,941 30.939 118.434 4.499 11.716 8205 20.372 8.419 7.018 9.072 7.4S) 194.861 26.882 S.703 39.5 11.6811 14.6401 16481 11.6861 18861 12.2341 756.970 253.558 276.165 273.312 293.156 11.0101 135,T9TI 120,6551 138,rixii 1132121 1137,1211 129.0991 183.8461 11.0721 1.057,553 224.413 .359 13.8701 18211 200.196 8$0,392 16,4S1491 71&658 137.632 15.291,169 ¢OMP*RATWVE UNRESTRICTED FUNDS Asat 31 mO￿h 2020 1 2019 Incomin Jtgoing Transf•r¥ Unrestricted 986.372 441.734 1688.1071 243.265 363264 40