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2022-03-31-accounts

Appendix 2

COMMUNITY FOUNDATIONS FOR

LANCASHIRE AND MERSEYSIDE

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2022

Company Number : 03422207 Charity Number : 1068887

COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE

FOR THE YEAR ENDED 31 MARCH 2022

CONTENTS PAGE
GROUP AND COMPANY INFORMATION 1
TRUSTEES’ REPORT 2 - 12
FINANCIAL REVIEW 13
STATEMENT OF TRUSTEES' RESPONSIBILITIES 14
INDEPENDENT AUDITOR'S 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 2022

Registered office: Community Foundations for Lancashire and Merseyside
Third Floor
Stanley Building
43 Hanover Street
Liverpool
L1 3DN
Bankers: Santander
Bridle Road
Bootle
L30 4GB
Solicitors: Brabners LLP
Horton House
Exchange Flags
Liverpool
L2 3YL
Investment Managers: Investec Wealth & Investment Ltd
The Plaza
Old Hall Street
Liverpool
L3 9AB
CCLA Investment Management Ltd
One Angel Lane
London
EC4R 3AB
Auditors: Beever and Struthers Chartered Accountants
The Beehive
Lions Drive
Shadsworth Business Park
Blackburn
BB1 2QS

1

COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE

FOR THE YEAR ENDED 31 MARCH 2022

TRUSTEES' REPORT

The Trustees (who are also directors for the purposes of company law) present their Report and the Financial Statements for the year ended 31 March 2022 for the Community Foundations for Lancashire and Merseyside hereafter referred to as CFLM.

REFERENCE AND ADMINISTRATIVE DETAILS

The charity, CFLM, is constituted as a company limited by guarantee and not having any share capital. The company is registered in England and Wales, number 03422207, and its principal governing document is the company Memorandum and Articles of Association (as amended by special resolution on 4 December 2013 and formerly merged on 1 April 2014). The charity is also registered with the Charity Commission, number 1068887.

Trustees and Senior Staff

The persons who have acted as Trustees during the year were:

A Roberts, Chairman

A Myers, Vice Chair C Wardale, Treasurer D Mendoros OBE DL

C Bliss A Meachin D Wareing (resigned 04 November 2021)

N Zaman D Howitt C Hall (resigned 04 November 2021)

The senior management team (SMT) during the year were: R Brooke, Chief Executive Officer K Morris, Development Director J Knight, Finance Director

Summary of our Purpose & Aims

The Community Foundations for Lancashire & Merseyside operate as one independent registered charity and are part of a UK and international movement of community foundations that distribute community funding, including via grantmaking, facilitating and administering community philanthropy, and contributing to achieving positive social change as local community leaders.

 Our Vision is to enrich the lives of people in and around Lancashire and Merseyside and through them create united, thriving and prosperous communities.

 Our Mission is to invest funding strategically under charity law that meets the needs of local communities, placing us as the charity of choice for philanthropists and funding partners, and the primary funder for the areas’ social sector

 Our Strategy is to understand the needs of local communities and those who care about those communities (Philanthropists, HNWIs, families, trusts, public / private / third sector organisations) to create partnerships to ensure that the needs of both are met, growing stronger communities together. We bring together individuals, families, foundations, and businesses to build better communities and make a difference.

 Our Theory of Change is: “We help individuals and organisations give to causes that matter to them, where there is most need and where it will have greatest impact. Enriching local people’s lives and supporting the creation of united, prosperous and thriving communities.”

Our Values are: Pride, Transparency, Working Together and Community Leadership.

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COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE

FOR THE YEAR ENDED 31 MARCH 2022

TRUSTEES' REPORT

2021/2022 Annual Review

Introduction

Community Foundation funding distribution has taken place in Merseyside since 1999 and in Lancashire since 2007, investing in total over £64.7 million in over 15,000 grants to voluntary and community groups during that time across Lancashire and Merseyside to support communities to be prosperous and thriving

Overview of 2021/2022

In awarding grants from 46 different funds and foundations during the year we distributed over £3.4 million. This included 592 grants to community groups and individuals across Lancashire and Merseyside, as well as grants to 18 groups outside of our regions. Our joint endowment fund stood at £20.8 million by March 2022, having begun endowment building in 2007 with around £130,000.

This includes the funds of the John Goore Charity which CFLM administrate and audit as a corporate trustee. This endowment investment is a significant contributor to our sustainability as well as ensuring community legacy in Lancashire and Merseyside for future generations.

Other Significant Events in 2021/2022

Endowment building challenging whilst flow through demand remained high

The impact of not being able to undertake our usual new business activities during this period, due to the pandemic, continues to be reflected in the endowment figures. The end of year figure for additional endowment is therefore £400,000, just meeting the minimum requirement for the target for the financial year.

The challenge during the year was in engaging with HNWI and professional advisers though we anticipate this will improve in 2022/2023 as networking events are hopefully reintroduced in a sustained manner.

The majority of endowment pipeline during 2021/2022 was therefore trust transfer funding, delayed due to the complicated structure of some of the funds to be transferred and ongoing lack of response from high street banks. Support from UKCF, particularly the Revitalising Trust Programme Manager, is excellent and without whom the process for us would be exceptionally time consuming.

However whilst endowment building has been incredibly challenged we have processed significantly higher than normal volumes of flow through funding. Much of this funding has been via the public sector in response to ongoing Covid-19 Community Support. For example:

However whilst we have far exceeded our new flow through target for the year, it should be noted that we continue to be challenged by the public sector on our fee levels.

3

COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE

FOR THE YEAR ENDED 31 MARCH 2022

TRUSTEES' REPORT

Profile and PR

Cannes Do , the major Professional Liverpool business event of the year. CFLM hosted a table and were the named charity for fundraising on the day, which provided an opportunity for our CEO, Rae Brooke, to speak and show a video we produced especially for the event. This has resulted in significant profile raising with our key target audience.

As a follow up to the launch of the Football for Change fund, Rae and David Wareing attended a launch with the key partners in the project to further develop the relationship. The donors/partners in this initiative have plans for significant growth and donations annually.

Additional Points to note during the year

Launch of Lancashire Investors In Community - The High Sheriff of Lancashire and Chairman of Booths supermarkets, Edwin Booth CBE DL, has championed CFLM with the launch of Lancashire Investors In Community scheme to support CFLM core costs and growth plans. The launch event at Browsholme Hall on 28 September 2021, with Lancashire business leaders present, resulted in 19 businesses investing. The event was attended and supported by Lord Shuttleworth. Plans are in place to grow the initiative.

First crypto currency donation receipt – During this year we were in receipt of a $30,000 donation via Binance. The donation was from Yummy.com to the 23 Foundation. We believe we are one of the first, if not the first, Community Foundation in the UK to successfully receive and process a crypto currency donation. Specialist advice was taken from Brabners regarding due diligence and risk throughout.

Burnley Council donation to CFL core costs - £10,000. This follows a pitch document sent to each individual council in Lancashire regarding our impact during Covid, publicity around the Lancashire Investors in Community and a meeting with senior representatives of the council where our work establishing and supporting the Christal Foundation in Burnley was also discussed. The donation to core costs from a Local Authority is a credit and testament to our increased investment in Lancashire, the hard work of the team and the high esteem CFLM is now held in.

Queen's Platinum Jubilee - We were delighted to distribute funds sourced by UKCF to mark the Queen's Platinum Jubilee for both Lancashire and Merseyside plus support local fund raising in Lancashire via the Lancashire Lieutenancy to support the commissioning of a tapestry to mark the Queens Jubilee and raise funds for children and young people throughout the county to engage with the project and support their mental wellbeing.

Our Partnerships as a Catalyst for Change

We administered 46 funds and foundations in 2021/22, working in collaboration with philanthropists, families, trusts and companies who are committed to improving local lives. This work included administering 9 funds in Lancashire, 30 funds in Merseyside, 5 that covered both Lancashire and Merseyside and 2 in the rest of the UK.

As an enabler for positive change, we strive to support those who choose to work with us to be effective in their giving and to have the greatest impact. We thank all our partners who work with us collaboratively each year for and with communities.

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COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE

FOR THE YEAR ENDED 31 MARCH 2022

TRUSTEES' REPORT

Working with Philanthropists and their Families

We continue to work with many business leaders with connections in the North West, facilitating their local giving for communities, including Sir Michael Bibby and Sir Terry Leahy. We also work closely with a number of families such as the McQueen family for The Mark McQueen Foundation, the Barnett family for the Olivia Rae Foundation, the Webster family for the Christal Foundation, the Sykes/Teasdale family for the Blue Sky Foundation and the Lancaster family for the Lancaster Foundation.

Working with Trusts & Foundations

Trusts and Foundations who work with us include the 23 Foundation, the Fort Foundation, John Goore Charity, Lancaster Foundation, WO Street Foundation and the Westminster Foundation.

Working with Companies

Liverpool ONE Foundation remains the biggest corporate foundation held with CFLM. At 31 March 2022 the value of this fund was £2,855,435.

CFLM continued their annual work with North & Western Lancashire Chamber of Commerce on the Be Inspired Business Awards Foundation, linked to the Be Inspired Business Awards to recognise good corporate citizenship in the county and support local community work and enterprise.

We thank all the companies that choose to work in collaboration with us to support the communities in which they do business, including Hill Dickinson, Investec, Liverpool ONE, TilneyBestInvest, FPC and Momentum Group.

The support of our founding Lancashire Investors In Community is also much appreciated and include Booths, UU, Marsden Building Society, Browsholme Hall, CKS Catering Equipment, Dewlay, DSM Accountants, Harrison Drury, James Hall & Co Ltd, Kim De Vine Financial Planning, MHA Moore and Smalley, Nybble Ltd, Obas, Panaz, Sales Geek, Star Tissue UK, Workhouse, Eric Wright Group Ltd, Backhouse Jones Solicitors.

Unlocking Dormant and Inactive Trusts

Our work in this area continues with the backing of the Charity Commission as a pre-approved administration option for trusts and foundations that are inactive, ineffective or dormant.

Working with New Donors and Fund Holders

The Charity Commission’s endorsement of community foundations as an alternative to registering a charity provides a welcomed endorsement of our work locally and as a UK network of 46 community foundations.

The Charity Commission states that “this saves the time and effort of setting up and running a charity then closing it once the original need has been met. Depending on the charity, you can say where you want the money to go.”

Our approach to income generation and fund development to bring on board new fund holders involves working with existing and new donors within Lancashire and Merseyside who are committed to our local communities. Via research, project visits, meetings, events and community funding distribution we have built valuable relationships. We secure public sector funding programmes via tender or pitch processes, in line with their requirements and policies for the distribution of public funds. We secure contracts to be regional or local agents of funding programmes via our umbrella body, UK Community Foundations as Quality Accredited Community Foundations.

We thank all those people and organisations who have committed to donating and working with us, especially in building endowment funds with us, for current and future generations of communities.

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COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE

FOR THE YEAR ENDED 31 MARCH 2022

TRUSTEES' REPORT

Our Investment in Communities

We supported charities, community groups, social enterprises, vulnerable individuals and households in need to improve the lives of local people across 11 social themes. The 51% success rate for applications in 2021/22 was lower than the previous year which had larger amounts of funding available for covid-19 support projects, however this represents a similar rate to previous years.

A breakdown of our overall funding approved for distribution to communities is outlined below.

Total Funding Lancashire and Merseyside and other: £3.4m

51% of applications were approved and of the successful awards:

Average Award Size

· Average Award Size: £4,590

Funding For Lancashire

Funding was distributed in Lancashire in 2021/22 via 174 awards to community organisations. Our average award size was £3,487, which is a decrease on 2020/21 average grant size of £4,364.

Funding For Merseyside

Funding for Merseyside in 2021/22 was distributed to communities via 418 awards. Our average award size was £5,028 which was an increase on 2020/21 average grant size of £4,869.

We distributed 18 awards in 2021/22 outside of our typical Lancashire and Merseyside area. This was due to our work with donors who wished to support work in specific areas of the country in addition to their grant-making in Lancashire and/or Merseyside

Our Community Leadership

We are committed to our strategic view to understand the needs of local communities and donors and, by creating partnerships and involving donors, ensure that these needs are met via a social change agenda.

Our community knowledge is increasing in its importance and further informs many aspects of our work. Our Vital Signs giving guides, highlighting community concerns and priorities, plus our community visit programme and consultation continues to guide giving and our grant-making in Lancashire and Merseyside.

Vital Signs guides are a combination of national and local data, social intelligence and the results of community consultations to provide a voice for local communities on their concerns and aspirations to guide giving.

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COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE

FOR THE YEAR ENDED 31 MARCH 2022

TRUSTEES' REPORT

Our Governance

The merger of Community Foundation for Lancashire and Community Foundation for Merseyside in April 2014 was a significant milestone. This merger continues to reap the benefits of efficiencies.

Our Board since the merger is clearly defined in the following ways:

Via this approach written into our governing document we are able to maximise our reach, representation, expertise and influence across Lancashire and Merseyside.

Our Board adopts a business approach in a charitable context to ensure CFLM is on a sustainable pathway and is fit-for-purpose in an ever-changing economic and policy landscape.

Our Financial Management & Growth

CFLM operated for the tenth year with majority private funds, compared to majority public funds in 2011/12. The surplus for the year ended 31 March 2022 continued to ensure that we are breaking even over a three year period. From our current £20.2 million endowment funds held, our ambition is to reach £22 million by 2023 and £37 million by 2030 for full sustainability. Our endowment funds have recovered well during this year despite the ongoing impacts of the Covid-19 pandemic being felt; the markets, and our endowment fund value has continued to make further recovery since April 2021. We plan for the excess reserves to be invested primarily in our growth and for organisational improvements as finances allow.

During 2021/22 investment performance outstripped the FTSE ALL Share against which we benchmark performance.

Our Organisational Development

CFLM operates in an ever changing economic and political landscape. Due to this we work proactively to be fit for purpose and relevant to our communities in Lancashire and Merseyside. CFLM has made the successful transition from majority public funding to majority private funding to operate in a new environment and enhance our work.

Our organisational structure consists of 15 staff (approx. 13 full-time equivalents), working across the functions of Programmes (8), Finance (3), Business Development and Leadership (4)

The commitment and passion of our staff team is hugely valued as we deliver our growth, community leadership and legacy agenda.

The Senior Management Team comprises of the Chief Executive, Development Director and Finance Director. Remuneration levels are set according to salary bands which have been benchmarked by reference to other community foundations within the UK Community Foundation network. Annual performance objectives are set by reference to key performance indicators agreed by the Board.

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COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE

FOR THE YEAR ENDED 31 MARCH 2022

TRUSTEES' REPORT

Key Partnerships

CFLM have 'non-donor' relationships with many key players. Examples include local borough and district authorities, central Government and local business groups, including Knowsley Chamber of Commerce, North & Western Lancashire Chamber of Commerce and the Liverpool City Region Combined Authority. Also included are our professional advisors Brabners, CCLA, Investec, Parker Kelly and Beever & Struthers who have all been appointed due to their expertise, commitment to philanthropy or corporate social responsibility and being based in the region.

Nationally we work with and are supported by our membership organisation, UK Community Foundations and exchange best practice with colleagues in the network.

Our Patron, President and Volunteers

The Board particularly wish to note their appreciation for the support of the Community Foundation for Merseyside’s Patron, Cherie Blair and our Presidents, Lord Shuttleworth, the Lord Lieutenant of Lancashire and Mark Blundell, the Lord Lieutenant of Merseyside, for their continued commitment to the work of the charity.

We are grateful for the contribution made by volunteers who are champions and ambassadors for our work, including panel members who recommend our community funding distribution. All of our panel volunteers are inducted and trained, and generally contribute up to four or five days a year to the organisation to help us to distribute funding effectively to communities. Their contribution of knowledge and expertise is hugely valued in the success of our community investment and in terms of ensuring local knowledge and accountability.

Our Donations In-Kind

CFLM has been afforded use of an office by Liverpool ONE and the Westminster Fund at 3rd Floor Stanley Building, 43 Hanover Street, Liverpool on an in-kind basis as our main office for which we are grateful.

Planning for 2022/23 onwards

Our aims for 2022/23 include the following KPIs: achieve a return on investments on a 5% return basis, growing our endowment fund by at least £1m a year and ambitiously £2 million a year, improving our use of our digital and database tools and diversifying our community funding options to meet social needs.

Our Strategic Objectives in 2022/23 – 2023/24 will be:

We will monitor our progress quarterly during 2022/23 against an annual plan and KPIs and our three year strategic aims in a new economic and political environment, being informed and driven by our community knowledge.

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COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE

FOR THE YEAR ENDED 31 MARCH 2022

TRUSTEES' REPORT

Overview of our Governance & Operations

The Objects of our Charity

The objects of our charity, as set out in the CFLM Memorandum and Articles of Association, are the promotion of any charitable purposes for the benefit of the community in the United Kingdom but primarily within the following areas:

Significant Activities

The main area of our charitable activity is the awarding of charitable funding within the local community. This is achieved by raising donations from private, public and charitable sources and redistributing them (or the income they generate in the case of invested or endowed funds) as constructive grants to the local community, according to the donors' wishes. The charity has relatively little unrestricted income that it can use for grantmaking.

The Board

The Board delegates responsibility for the day-to-day operational management of the organization to the Chief Executive.

CFLM is run by a Board of Trustees which is responsible for setting the strategic direction of the organisation, for establishing policy and for maintaining proper governance. It meets quarterly and comprises representatives of and/or experts in the private, public and voluntary sectors. Average trustee attendance is 85%-90% with absences typically due to holiday/sickness. All trustees have job descriptions and person specifications.

The Board delegates responsibility to sub-committees, if required due to the Community Foundations’ need.

Trustee Recruitment, Appointment and Development

The trustees are normally appointed by the members of the company and up to one-third of the trustees will normally retire each year and be eligible for re-election at the Annual General Meeting. Trustees can serve two terms of three years with re-election for each term and a third three year term if there is a case for the organisation’s business plans. No places on the board are reserved for specific individuals or representatives of particular organisations; detailed procedures are in place for the nomination and appointment of trustees.

Annually the Board assesses the expertise and skills within the Board membership and proactively recruits new trustees with specific experience to ensure a full complement of expertise and skills in order to govern the charity and deliver our charitable objectives for public benefit. All new trustees are given an induction session by the Chairman and Chief Executive to explain the operation of the charity. Regular training and tailored updates for trustees take place to update them and to ensure they are fully engaged with the work of the Community Foundations.

Arthur Roberts, our Chairman will retire at the Annual General Meeting and David Wareing will be appointed to the Board and commence as the new Chairman.

9

COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE

FOR THE YEAR ENDED 31 MARCH 2022

TRUSTEES' REPORT

Our Public Benefit

The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning its future activities. The charity’s public benefit is assessed on an annual basis by the Board and staff to ensure we are continually improving our performance against our charitable objects, vision, mission and strategic social aims.

The charity benefits the public by securing income for charitable programmes and funds administered by us from public and private sector, and then distributing this in collaboration with those funders and donors as charitable funding to support charitable activities in communities as a charitable intermediary. Funding programmes and funds are established, developed, decided upon and monitored in line with the social needs and aspirations of the local communities we serve which are identified by local community leaders, subject experts or local donors as well as social intelligence, data, research and community consultations.

Funding is used towards (but not restricted to) the following purposes, provided that in each case, the purpose is recognised as being charitable according to the law of England and Wales:

The advancement of environmental protection or improvement;

Funding is not to be used to support the following:

The policy of the charity is to award funding to individuals and organisations that have made a formal application for a grant, that fulfil the requirements of the relevant programme or fund and which have the necessary systems in place to administer a grant. All funding applications are subject to a formal appraisal by our staff before being presented to the local grant panel, or the donor, for a recommendation. A scoring system and process is used to guide decisions. All panel or donor recommendations are ratified by the CFLM's senior staff or trustees prior to any offer being made. Funding distributed is reported quarterly to the Board by fund, locality and social theme.

Before any funding is distributed, we carefully and thoroughly assess the charitable and public benefits of the proposed activities. The impact of our community funding is then reported to funders, donors, stakeholders, staff and the Board as a measurement of the social impact achieved.

10

COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE

FOR THE YEAR ENDED 31 MARCH 2022

TRUSTEES' REPORT

Investment Powers

The Charity's Investment Powers are prescribed in its Memorandum and Articles of Association. The Board of Trustees has approved a document called 'Policies on Fund Management and Financial Control', relating to the management of all of its funds and which includes the strategies for the investment of its endowment fund. The purpose of investment in the endowment fund is to generate a sustainable income for grant-making and meeting running costs.

The organisation has appointed professional investment managers to manage the endowment. During the year these were managed by CCLA and Investec. As approved by Board and following a tender process, effective 1 October 2017 investments are to be managed by CCLA for public sector funds and charitable trust transfers, and Investec for corporate and individual endowment donations.

Investment performance targets are issued annually to investment managers; within a framework of maintaining a low to medium risk portfolio, investment performance is measured by the board and finance committee. Each manager is required to maintain a diversified portfolio, with focus on UK and overseas equities, debt instruments and cash; investment in derivatives or "hedge funds" is not permitted without the express consent of the trustees. Investment performance is monitored by the board on a quarterly basis, using benchmarks such as the FT All Stocks Government Index, the FT All Share Index, the FT World Index (excluding UK) and the IPD Index as well as a comparison of the current investment managers' performance with others in the field. Investment performance is reported to Board on a quarterly basis and reviewed annually.

For the Community First Endowment Challenge from 2012 – 2015 CCLA manages the funds based on an investment policy agreed by our UK umbrella organisation, UKCFs with approval from our Board. Although not classified as permanently endowed funds, CCLA manage funds under a total return policy, calculating the indexed value of the initial donation on an annual basis and enabling withdrawal of surplus over and above this figure to supplement income received during the year. This method of calculation has been applied since commencement of the programme so can be precisely calculated by CCLA.

Since the year end, CFLM has begun to conduct a review of the Ethical Profile of our Investment portfolios with our Investment Managers. Each Trustee and member of the SMT were invited to complete the survey to establish whether any adjustment needed to be made to where our portfolios sat. This process is still in progress.

Our Risk Reviews

Our Board of Trustees undertakes a regular review of the risks that the organisation faces; these are published in a formal Organisational Risk Register and are reported in a Charity Commission advised ‘heat map’ format quarterly to Board.

All risks identified were addressed and mitigated as far as possible during 2021/22 and looking ahead, no identified risks remain unaddressed. The Risk Assessment is subject to formal annual review and update by the trustees, with interim monitoring on a quarterly basis by the senior staff team. The organisation also uses a traffic light system to monitor and measure progress against a set of key organisational targets. Progress against target is assessed by the staff team on a monthly basis and reported to the Board on a quarterly basis, using a delivery forecast system.

11

COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE

FOR THE YEAR ENDED 31 MARCH 2022

TRUSTEES' REPORT

Our Reserves Policy

Our Board has continued to endeavour to build and maintain a level of reserves appropriate to its commitments over the coming years. However, it is keen to maximise its charitable objectives and public benefit. The Board continues to strive to ensure that reserves of six months running costs are held at any time as per our policy, in line with the Charity Commission’s guidance. Costs for the six months to September 2022 amounted to £359,440, which is less than half of the value of the unrestricted reserves at the year end (£762,849). CFLM has built joint reserves as per the policy and covered the budget deficit and core costs jointly as appropriate for sustainability, especially investment in our community impact. Any reserves held above the six month policy level are linked to a Reserves Spending Plan, regularly reviewed and approved by the Board to support CFLM’s development and sustainability.

Our Auditor

In accordance with the Company's articles, a resolution proposing that Beever and Struthers be reappointed as auditor of the company will be put at the AGM.

Small Company

This report has been prepared in accordance with provisions within Part 15 of the Companies Act 2006 as they relate to small companies.

By Order of the Board

Arthur Roberts Chair

03 November 2022

12

COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE

FOR THE YEAR ENDED 31 MARCH 2022

FINANCIAL REVIEW

Funding

The Trustees are committed to seeking funding from a wide range of sources, ensuring that income streams are diversified and CFLM is not overly reliant on any single source of funding.

Financial Statements

The financial statements have been prepared in accordance with the Companies Act 2006, Charities Act 2011 and FRS102 and comply with the Charities Statement of Recommended Practice on Accounting. The movement in funds is shown on the Consolidated Statement of Financial Activities. CFLM realised a surplus in its unrestricted funds of £121,954 (2021 surplus £277,631). CFLM's total funds (unrestricted funds, restricted immediate impact funds and restricted endowment funds) amounted to £22,714,081 at 31 March 2022 (2021: £21,588,830). The Trustees have passed a total return resolution for permanent endowments - more information is included in note 12.

The results for the current year are significantly different to the prior year as the impact of emergency funding for Covid-19 subsides and CFLM returns to similar funding levels pre pandemic.

Reserves Policy

The reserves of CFLM are composed of restricted and unrestricted funds. These funds are maintained at a sufficient level in order to allow the smooth operation of our activities.

Unrestricted Reserves: The Trustees are committed to building up general reserves to ensure that the core activities of CFLM will continue into the future. The target is to have a minimum of six months’ core costs in unrestricted reserves – based on our 2022/23 budget this would amount to £373,680. The free general reserves of the Foundation (our unrestricted reserves less our fixed assets) at 31 March 2022 amount to £757,036 (2021: £631,328).

Restricted Reserves: The restricted funds at the year end were either held in the form of cash in bank accounts or investments. Details of investments held are shown in note 12. The current level of restricted funds, and the ongoing funding arrangements relating to those funds, is sufficient to maintain the specific projects they relate to.

Investments Policy

Investment policy is reviewed annually by the finance and risk committee and board, in conjunction with a review of investment performance. Investment managers retain authority to trade in market securities within the mandate of retaining a well-diversified portfolio of medium risk. Our policy on fund management and financial control is available on request.

Commitments

The Trustees had made no commitments to future capital purchases, nor given any guarantees, at the balance sheet date.

Arthur Roberts Chair

03 November 2022

13

COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE

FOR THE YEAR ENDED 31 MARCH 2022

STATEMENT OF TRUSTEES' RESPONSIBILITIES COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE

The Trustees (who are also directors of CFLM for the purposes of company law) are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and regulations.

Company law requires the Trustees to prepare financial statements for each financial year. Under that law the Trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 'The Financial Reporting Standard' applicable in the United Kingdom and Republic of Ireland’. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the 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:

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

In so far as each of the Trustees is aware:

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

14

COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE

FOR THE YEAR ENDED 31 MARCH 2022

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE

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 2022 which comprise the consolidated and parent charitable company Statement of Financial Activities (the consolidated and parent company summary income and expenditure account), the consolidated and parent charitable company Balance Sheets, the consolidated Cash Flow Statement and the related notes. 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).

Opinion on financial statements

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’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:

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 the 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 2022

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE

Opinion on matters prescribed by the Companies Act 2006

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

Matters on which we are required to report by exception

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

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

Responsibilities of directors

As explained more fully in the Trustees’ Responsibilities Statement set out on page 14, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

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

Auditor’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 2022

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:

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:

17

COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE

FOR THE YEAR ENDED 31 MARCH 2022

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:

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

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

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

03 November 2022

18

COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE CONSOLIDATED AND COMPANY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

Notes
Unrestricted
Funds
£
Incoming resources
Income and endowments from:
Donations and legacies
4.1 133,972
Charitable activities
4.2 318,835
Investments
4.3 31,129
Other activities
4.4 -
Total
483,936
Expenditure on
Raising funds
Costs of generating donations and legacies
5 (314,379)
Investment management costs
5 -
Charitable activities
5 (379,865)
Total
(694,244)
Realised gain on investment assets
-
Unrealised gain on investment assets
50,166
Net income/(expenditure)
(160,141)
Transfers between funds
16-18
282,095
Net movement in funds
121,954
Reconciliation of funds
Total funds brought forward
4.5 640,895
Total funds carried forward
762,849		 Notes
Unrestricted
Funds
£
Incoming resources
Income and endowments from:
Donations and legacies
4.1 133,972
Charitable activities
4.2 318,835
Investments
4.3 31,129
Other activities
4.4 -
Total
483,936
Expenditure on
Raising funds
Costs of generating donations and legacies
5 (314,379)
Investment management costs
5 -
Charitable activities
5 (379,865)
Total
(694,244)
Realised gain on investment assets
-
Unrealised gain on investment assets
50,166
Net income/(expenditure)
(160,141)
Transfers between funds
16-18
282,095
Net movement in funds
121,954
Reconciliation of funds
Total funds brought forward
4.5 640,895
Total funds carried forward
762,849		 Restricted
Funds
£
-
2,958,433
(183)
-		 Endowment
Funds
£
85,790
-
521,726
-		 2022
£
219,762
3,277,268
552,672
-		 2021

£
883,477
6,059,311
466,292
1,289
483,936 2,958,250 607,516 4,049,702 7,410,369

-
-
(3,464,076)
(3,464,076)
-
-
(505,826)
580,221
74,395
1,672,870
-
(41,865)
-
(314,379)
(41,865)
(3,843,941)		 (311,844)
(37,240)
(6,536,956)
(41,865) (4,200,185) (6,886,040)
511,898
713,669		 511,898
763,835		 48,913
3,446,321
1,791,218
(862,316)		 1,125,251
-		 4,019,563
-
928,902
19,275,065		 1,125,251
21,588,830		 4,019,563
17,569,267
762,849 1,747,265 20,203,967 22,714,081 21,588,830

The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities of the charity.

The notes on pages 24 to 40 form part of these financial statements.

19

COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE CONSOLIDATED AND COMPANY SUMMARY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022

Less endowment income
Total Income
Less endowment expenditure
Transfers from endowment funds
Net income/(expenditure) for the year
Total expenditure
Gross income from all sources		 2022
£
4,049,702
(607,516)
3,442,186
(4,200,185)
41,865
862,316
146,182		 2021
£
7,410,369
(1,175,807)
6,234,562
(6,886,040)
37,240
550,357
(63,881)

The notes on pages 24 to 40 form part of these financial statements.

20

COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2022

Tangible assets
11
Investments
12
Current Assets
Debtors
13
Cash at bank and in hand
CREDITORS: amounts
falling due within one year
14
Net Current Assets
Total Net Assets
The Funds of the Charity
Endowment Funds
18
Unrestricted Funds
17
Restricted Funds
16
Total Charity Funds
Notes		 £
£
5,813
20,801,928
20,807,741
27,756
2,723,183
2,750,939
(844,600)
1,906,339
22,714,081
20,203,967
762,849
1,747,265
22,714,081
2022		 £
£
9,567
19,394,297
19,403,864
81,467
2,759,308
2,840,775
(655,809)
2,184,966
21,588,830
19,275,065
640,895
1,672,870
21,588,830
2021		 £
£
9,567
19,394,297
19,403,864
81,467
2,759,308
2,840,775
(655,809)
2,184,966
21,588,830
19,275,065
640,895
1,672,870
21,588,830
2021
21,588,830
19,275,065
640,895
1,672,870
21,588,830

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

Approved by the Board of Trustees and authorised for issue on 03 November 2022

A Roberts - Trustee

Company Number 3422207

The notes on pages 24 to 40 form part of these financial statements.

21

COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE COMPANY BALANCE SHEET AS AT 31 MARCH 2022

Tangible assets
11
Investments
12
Current Assets
Debtors
13
Cash at bank and in hand
CREDITORS: amounts
falling due within one year
14
Net Current Assets
Total Net Assets
The Funds of the Charity
Endowment Funds
18
Unrestricted Funds
17
Restricted Funds
16
Total Charity Funds
Notes		 £
£
5,813
20,801,928
20,807,741
27,756
2,723,183
2,750,939
(844,600)
1,906,339
22,714,081
20,203,967
762,849
1,747,265
22,714,081
2022		 £
£
9,567
19,394,297
19,403,864
81,467
2,759,308
2,840,775
(655,809)
2,184,966
21,588,830
19,275,065
640,895
1,672,870
21,588,830
2021		 £
£
9,567
19,394,297
19,403,864
81,467
2,759,308
2,840,775
(655,809)
2,184,966
21,588,830
19,275,065
640,895
1,672,870
21,588,830
2021
21,588,830
19,275,065
640,895
1,672,870
21,588,830

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

Approved by the Board of Trustees and authorised for issue on 03 November 2022

A Roberts - Trustee

Company Number 3422207

The notes on pages 24 to 40 form part of these financial statements.

22

COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE STATEMENT OF CONSOLIDATED CASHFLOWS FOR THE YEAR ENDED 31 MARCH 2022

Net (expenditure) for the year
Adjustments for:
Decrease in debtors
Increase in creditors
Loss on disposal of fixed assets
Depreciation
Net cash used in operating activities
Interest Received
Cash flows from investing activities
Cash (advanced to)/withdrawn from investments
Purchase of fixed assets
Net cash provided by (used in) investing activities
Cash flows from financing activities
Receipt of expendable endowment
Cash provided by financing activities
(Decrease)/Increase in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Total Cash and cash equivalents at the end of the year		 2022
£
(716,134)
52,280
190,221
-
4,471
(469,162)
442,014
(94,050)
(717)
(94,767)
85,790		 2021
£
(614,146)
129,129
255,847
92
4,397
(224,681)
397,688
61,750
(11,830)
49,920
740,880
85,790 740,880
(36,125) 963,807
2,759,308
2,723,183		 1,795,501
2,759,308

23

COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1

GENERAL INFORMATION

The Charity is a registered charity in England and Wales and is a private Limited company by guarantee without share capital, registered in England and Wales under the Companies Act. The address of the principal office is Third Floor, Stanley Building, 43 Hanover Street, Liverpool, L1 3DN.

STATEMENT OF COMPLIANCE

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) and the Companies Act 2006.

3 ACCOUNTING POLICIES

Summary of significant accounting policies and key accounting estimates

3.1 Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2015) – Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Statement of Financial Activities and Balance Sheet consolidate the financial statements of The Charity of John Goore (Charity Reg No 238355) which was acquired on May 2nd 2017.

The Community Foundations for Lancashire and Merseyside meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

3.2 Going concern

The trustees are satisfied that the accounts should be prepared on a going concern basis and have considered this for the period of twelve months from the date of approval.

3.3 a Incoming resources

Incoming resources are included in the Statement of Financial Activities (SOFA) when they become receivable, except donations and gifts in kind. Donations are included when they are received. Gifts in kind are valued at an estimate of market value where this can be readily ascertained.

Deferral of income takes place where grants are received substantially in advance of the expenditure to which it relates. Where grants include a contribution to costs for distribution of restricted funds, this is recognised on distribution of funds.

Investment returns are drawn in accordance with a total return policy and transferred to restricted funds for distribution, with an agreed proportion transferred to cover management and administration costs. Income to cover costs for management of the invested funds is recognised when received and income to cover costs for distribution of the resulting restricted funds is recognised on distribution of those funds.

Incoming resources from government funded entities are accounted for in the same way as other income.

24

COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

3 ACCOUNTING POLICIES (continued)

3.3 b Donated Services and Facilities

Donated professional services and donated facilities are recognised as income when the Community Foundation has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from its use is probable and the economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of volunteers is not recognised and users of these financial statements should refer to the Trustees' annual report for more information about their contribution.

On receipt donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

3.4 Resources expended

Resources expended are included in the SOFA on the accruals basis as a liability is incurred, based on work done or services provided in the period. Expenditure includes irrecoverable VAT, and is reported as part of the expenditure to which it relates.

Grants payable are recognised as expenditure when the commitment is made and monitoring of previous commitments is complete.

Costs of Generating Funds includes the cost of brochures, advertising, fundraising and other promotional events designed to increase public awareness of the Foundation, together with other costs directly attributable to fundraising activities.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes costs that can be allocated directly to such activities and those costs of an indirect nature necessary for the activities of the charity.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include costs linked to the strategic management of the charity.

All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis as set out in note 5.

25

COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

3 ACCOUNTING POLICIES (continued)

3.5 Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation. The costs of minor additions or those costing under £500 are not capitalised.

Depreciation is provided to write off the cost of each asset over its expected useful life using the following rates and methods:-

Fixtures and fittings 33% straight line Office equipment 33% straight line

Impairment reviews are carried out as and when evidence comes to light that the recoverable amount of a functional fixed asset is below its net book value due to damage, obsolescence or other relevant factor.

3.6 Fixed asset investments

Investments are included at fair value at the balance sheet date.

Realised gains and losses on investments are calculated as the difference between sale proceeds and their fair value at the start of the year, or their subsequent cost, net of transaction costs, and are charged or credited to the statement of financial activities in the year of disposal.

Unrealised gains and losses represent the movement in fair value during the year and are credited or charged to the statement of financial activities based on the fair value, as advised by the charity's investment managers, at the year end. All endowed funds received are managed in a total investment return basis.

3.7 Creditors and Provisions

Creditor balances are accounted for once an obligation for payments is confirmed. Grant payments are accrued when approved for settlement, payments for service contracts are accrued once the service has been delivered.

3.8 Pensions

The company contributes to Individual Personal Pension policies for its employees. Contributions are charged to the SOFA in the period to which they relate.

3.9

Fund accounting

Unrestricted funds are incoming resources receivable or generated for the objects of the charity without further specified purpose and which can be used in accordance with the charitable objects at the discretion of the trustees.

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.

Endowment funds are held for long term returns for the Foundation. A percentage withdrawal from the funds is distributed in accordance with the wishes of the original donor. Capital gains or losses arising on the investments form part of the fund. Charges for investment management and advice are charged to the fund as incurred. Income earned on endowment funds is transferred to restricted and unrestricted funds.

26

COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

4
INCOMING RESOURCES
4.1
Voluntary Income
Endowments Received
Sponsorship, Donations and Membership
Gifts in kind – Use of office
Gifts in kind – Rates
Gifts in kind – Other
4.2
23 Foundation Fund
23 Foundation 10th Anniversary Fund
Ann and Ray Messer Foundation
BIBAs Foundation Fund
Big Local Trust Beechwood Fund
Big Local Trust Northwood Fund
Blue Sky Foundation Fund
BSBT Fund
BXB Foundation Fund
Cells Charitable Trust Fund
CFLM Discretionary Fund
Christine Ann Foundation
Community Cashback Fund
Community Partnership Fund
Contain Management
Daneway Foundation Fund
Dulverston Fund
DWP Household Support Fund
Football For Change
FPC Foundation
GB Partnership Fund
GM Mayors Homeless Fund
Her Majesty The Queen Platinum Jubilee Fund
High Sheriff & Merseyside Police Fund
Hill Dickinson Fund
Home Street Home Fund
Huntley & Palmers Fund
John Goore Trust Fund
John Laing Charitable Trust Fund
Lancaster Community Fund
Lancashire Covid 19 Fund
Lancashire Flood Relief Fund
Last Choir Singing
LCR Cares Fund
Leahy Foundation Fund
Let's Create Jubilee
Liverpool Community Safety Partnership - VRP Fund
Liverpool ONE Foundation Fund
Carried forward
Incoming Resources from Charitable Activities		 2022
£
85,790
43,474
70,000
6,724
13,774
219,762
54,616
8,400
-
2,193
241,200
214,431
88,045
872
5,400
-
170
8
100,000
13,655
668,000
20,910
217,500
30,000
199,373
12,500
-
-
98,086
7,000
35,540
2,095
-
64
22,400
-
-
-
25,000
3,347
-
288,024
-
250,000
2,608,829		 2021
£
740,880
33,492
70,000
5,427
33,678
883,477
36,891
7,440
1,000
16,086
-
145,376
-
49,015
-
17,493
-
7,058
-
-
-
44,000
217,500
-
21,009
4,986
1,990
-
13,094
32,586
-
53,715
64
23,600
875
2,095,827
323
-
2,159,836
-
-
226,671
100,000
5,276,435

27

COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

4
INCOMING RESOURCES (Contd…)
4.2
Brought forward
Made by Sports 'Clubs in Crisis' Fund Lancashire
Made by Sports 'Clubs in Crisis' Fund Merseyside
Mark McQueen Foundation (Merseyside) Fund
Merseyside Community Investment Fund
MVRP Sports, Arts & Culture Fund
Nationwide Foundation Fund
Olivia Rae Foundation Fund
PCC Covid 19 Sexual Violence Fund
PCC-Covid 19 Domestic Abuse Services Fund
Police Property Act Fund
Red Rose Responding Fund
Rimrose Valley Running Track
RWE Innogy UK Ltd Hameldon Hill Wind Farm Community Fund
The Merseyside Womens Fund
The Lancashire Womens Fund
VRP Arts & Culture Fund
Windle United Fund
#iwill Merseyside Fund
Youth Diversion Fund
4.3
4.4
Total Incoming resources
Other income
Other
Incoming Resources from Charitable Activities (Contd…)
Investment income
Bank and other interest
Investment Income		 2022
£
2,608,829
9,154
8,358
4,450
2,130
400,000
155,388
-
-
-
-
12,293
9,976
12,211
40
642
-
1,000
-
52,797
3,277,268
32,537
520,135
552,672
-
-
4,049,702		 2021
£
5,276,435
105,271
96,450
2,476
2,250
-
-
564
118,233
236,404
52,252
49,500
10,000
11,322
728
-
91,926
-
5,500
-
6,059,311
11,640
454,652
466,292
1,289
1,289
7,410,369

28

COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

4 INCOMING RESOURCES (cont….)

4.5 Comparative Statement of Financial Activities
Unrestricted
Funds
£
Incoming resources
Income and endowments from:
Donations and legacies
142,597
Charitable activities
422,856
Investments
27,078
Other activities
40
Total
592,571
Expenditure On:
Raising funds
Costs of generating donations and legacies
(311,844)
Investment management costs
-
Charitable activities
(358,085)
Total
(669,929)
Realised gain on investment assets
-
Unrealised gain on investment assets
99,548
Net income/(expenditure)
22,190
Transfers between funds
255,441
Net movement in funds
277,631
Reconciliation of funds
Total funds brought forward
363,264
Total funds carried forward
640,895		 Restricted
Funds
£
-
5,636,455
5,536
-
5,641,991
-
-
(6,178,871)
(6,178,871)
-
(536,880)
294,916
(241,964)
1,914,834
1,672,870		 Endowment
Funds
£
740,880
-
433,678
1,249
1,175,807
-
(37,240)
-
(37,240)
48,913
3,346,773
4,534,253
(550,357)
3,983,896
15,291,169
19,275,065		 2021
£
883,477
6,059,311
466,292
1,289
7,410,369
(311,844)
(37,240)
(6,536,956)
(6,886,040)
48,913
3,446,321
4,019,563
-
4,019,563
17,569,267
21,588,830

29

COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

5 TOTAL RESOURCES EXPENDED

Basis of
Donations
Allocation
and
Legacies
£
Grants paid (see
note 6)
Direct
-
Staff costs (see
below and note 8)
Direct
119,958
Healthcare costs
Direct
2,116
Publicity and
advertising
Direct
4,243
PPS & telephone
Staff Time
5,967
Staff training
Direct
987
Meeting costs
Direct
467
Rent/Rates in kind
Direct
76,724
Electricity in kind
Direct
11,142
Audit & accountancy
fees
Usage
12,071
Travel
Direct
4,926
Computer running
costs
Staff Time
12,791
Subscriptions
Direct
24,059
Bank charges
Usage
723
Insurance
Staff Time
5,806
Recruitment
Direct
688
Volunteer expenses
Direct
383
Other
Direct
4,212
Depreciation
Direct
4,471
Legal & professional fees
Usage
1,839
Investment
management costs
Direct
Events
Direct
18,106
Special Project costs
Direct
2,700
314,379		 Investment
Charitable
Management
Activities
Costs
£
£
3,463,176
379,865
900
41,865
3,843,941
41,865		 Total
2022
£
3,463,176
499,823
2,116
4,243
5,967
987
467
76,724
11,142
12,071
4,926
12,791
24,059
723
5,806
688
383
4,212
4,471
2,739
41,865
18,106
2,700
4,200,185		 Total
2021
£
6,178,621
471,204
2,074
9,213
4,252
3,625
-
75,427
33,679
15,540
899
13,806
16,277
552
5,728
6,994
212
6,224
4,490
13
37,240
(30)
-
6,886,040

The overheads above include £90,498 of donated goods for which the Community Foundations pay no consideration. Once these donated goods are deducted from core expenditure the overheads (excluding grants awarded & investment management costs) amount to £609,522 (2021: £561,073).

Allocation of governance and support costs

The Community Foundation initially identifies the costs of its support functions. It then identifies those costs which relate to the governance function. Having identified its governance costs, the remaining support costs together with the governance costs are apportioned between the key charitable activities undertaken in the year.

6 GRANTS AWARDED

All the charitable activities undertaken by the charity represent grantmaking. Further details about the grants made in the year can be seen in Note 16.

30

COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

10

11

7

8

NET INCOMING RESOURCES
Depreciation
Auditor's remuneration
STAFF COSTS
Wages and salaries
Social security costs
Other pension costs
Net incoming resources are stated after charging:		 2022
£
4,471
12,071
2022
£
414,016
40,210
41,487
495,713		 2021
£
4,397
15,540
2021
£
391,192
37,329
44,323
472,844

One employee received emoluments in the band of £60,001 - £70,000 (2021: one).

The charity contributes to Individual Personal Pension policies for all its employees. The assets of the schemes are held separately from those of the Charity in independently administered funds. The pension charge of £41,487 (2021: £44,323) represents contributions paid by the Charity to the funds. There were £92 oustanding contributions at 31 March 2022 (31 March 2021: £16,148).

9

STAFF NUMBERS

The average number of employees (excluding trustees) during the year was as follows:

Management
Development
Finance
Programmes
Total full time equivalents
Total staff employed		 2022
No
3
5
1
4
13
15		 2021
No
3
5
1
3
12
15

TAXATION

The charity is exempt from tax on income and gains falling within Section 505 of The Taxes Act 1988 or Section 252 of The Taxation of Charitable Gains Act 1992 to the extent that these are applied to its charitable objectives

TANGIBLE FIXED ASSETS
Cost
At 1 April 2021
Additions
At 31 March 2022
Depreciation
At 1 April 2021
Charge for year
At 31 March 2022
Net book value
At 31 March 2022
At 1 April 2021		 Fixtures
& Fittings
£
1,983
-
1,983
684
661
1,345
638
1,299		 Office
Equipment
£
17,662
717
18,379
9,394
3,810
13,204
5,175
8,268		 Total
£
19,645
717
20,362
10,078
4,471
14,549
5,813
9,567

31

COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

12 INVESTMENTS - GROUP + COMPANY

INVESTMENTS
UK listed investments
Investec Wealth & Investment
Market value at 1 April 2021
Additions
Market value at 1 April 2021
Additions
Disposals at market value
Sub total CCLA
CCLA CFLM Discretionary Investment
Opening Market Value
Additions
Disposals at market value
Revaluation gain/loss
Closing market value
Total Investments
Historical cost
Listed Investments
UK investments
Cash deposits
CCLA Common Investment Fund
Revaluation gain/(loss)
Revaluation gain/(loss)
Disposals at market value
Cash deposits in the UK
Sub total Investec Wealth & Investment
Overseas and other investments		 2022
£
10,932,379
738,709
(104,284)
39,827
11,606,631
54,423
11,661,054
7,880,635
115,025
(160,077)
673,841
8,509,424
581,283
-
-
50,167
631,450
20,801,928
15,717,067
7,538,714
12,429,988
833,226
20,801,928		 2021
£
9,068,558
455,520
(669,873)
2,026,694
10,880,899
51,480
10,932,379
6,408,667
151,890
-
1,320,078
7,880,635
481,735
-
-
99,548
581,283
19,394,297
15,127,694
6,956,008
11,979,922
458,367
19,394,297

A CCLA and Investec portfolio totalling £994,379 (2021: £934,194) represent the assets of the Charity of John Goore. In the company balance sheet these have been reflected as an investment in subsidiary in accordance with the SORP requirements.

The trustees consider individual investment holdings in excess of 5% of the portfolio value to be material. No individual shareholdings or investments are considered individually to be material with the market values and proportion of the portfolio shown as at 31 March 2022.

The investments are held to provide an investment return to the charity.

At 1 April 2021
Gift Component of Endowment:
Unapplied total return
Total
Movements in the reporting period:
Gift of expendable endowment
Investment Management Fees
Dividends and Interest
Realised and Unrealised Gains/Losses
Total
Unapplied total return released to income
Net movements in reporting period
At 31 March 2022
Gift Component of Endowment:
Unapplied total return released to income
Total		 Endowment
Unapplied total
return released
to income
13,853,602 -
- 5,421,463
13,853,602 5,421,463
85,790 -
- (41,865)
- 521,726
- 1,225,567
85,790 1,705,428
- (862,316)
85,790 843,112
13,939,392 -
- 6,264,575
13,939,392 6,264,575		 Total
Endowment
13,853,602
5,421,463
19,275,065
85,790
(41,865)
521,726
1,225,567
1,791,218
(862,316)
928,902
13,939,392
6,264,575
20,203,967

32

COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

13 DEBTORS

13
DEBTORS
2022
£
Other debtors
13,481
Other tax & social security
-
Prepayments & accrued income
14,275
27,756
14
CREDITORS:amounts falling due within one year
2022
£
Grant creditors
737,117
Other creditors
7,434
Accruals
18,603
Other tax & social security
-
81,446
844,600
15
DEFERRED INCOME
2022
£
39,556
(35,505)
Amount deferred in year
77,395
81,446
Balance as at 1 April 2021
Amount released to income earned from charitable activities
Balance as at 31 March 2022
Deferred income (note 15)
Deferred income comprises income received in advance that the charity is not contractually entitled to
March 2022.		 2021
£
68,783
1,431
11,253
81,467
2021
£
578,087
22,406
15,760
-
39,556
655,809
2021
£
31,266
(17,815)
26,105
distribute at 31
39,556

33

COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

16 RESTRICTED FUNDS
RESTRICTED FUNDS
As at
1 April 2021
£
23 Foundation
105,992
ACC Liverpool Foundation Fund
2,421
Aldridge Foundation
4,944
Alfred Shaw Trust Fund
27,913
Ann and Ray Messer Foundation
75,668
B&M
(586)
Bernie Fleming Aintree Lung Cancer Foundation
6,581
BHP Billiton Fund
10,485
Be Inspired Business Awards Foundation
16,004
Big Local Trust Beechwood
4,554
Big Local Trust Northwood
121
Blue Sky Foundation Fund
6,759
Bridgebuilder Foundation
1,608
BSBT Fund
3,378
Cells Charitable Trust Fund
16,368
CFLM Discretionary Fund
4,310
Christal Foundation Revenue Fund
17,932
Christine Ann Foundation
6,056
Community Cashback Fund
-
Contain Outbreak Management
-
Daneway Foundation Fund
44,000
Dulverton Trust Fund
2,150
Football for Change
-
FPC Foundation Fund
10,703
GM Mayors Homeless Fund
8,573
Gorse Bank Trust
3,432
Halton Foundation Halton Chamber of Commerce
6,082
Halton Foundation - Knights House
37,547
Halton Foundation Fund
11,507
Halton Foundation Widnes Education Fund
3,803
Her Majesty The Queen Platinum Jubilee Fund
-
High Sheriff & Merseyside Police Fund
12,911
Hill Dickinson Fund
5,387
Home Street Home Fund
-
Huntley & Palmers Fund
44,835
Investec Wealth & Investment Fund
74
Japanese Tsunami Fund
1,101
John Goore Book tokens Fund
550
John Goore Trust Fund
9,164
John Laing Charitable Trust Fund
9,999
Joseph Harley Fund
14,787
Knowsley Foundation Fred Curran Revenue Fund
(1,293)
Knowsley Foundation Fund
1,675
Knowsley Foundation Social Enterprise Sector Developme
894
Knowsley Huyton with Roby War Distress Flow Through F
1,000
Lancashire Community Investment Fund
9,396
Lancashire Covid 19 Fund
53,847
Lancashire Flood Recovery Fund
46,826
Lancaster Community Fund
1,834
Lancaster Foundation Fund
(12,967)
Last Choir Sunging Community Fund
-
LCR Cares Fund Merseyside
19,839
Leahy Foundation Fund
(21,167)
Let's Create Jubilee Fund
-
Liverpool ONE Co-Ordinator Costs
17,607
Liverpool ONE CYPMW Proactive Fund
-
Liverpool ONE CYPMW Programme Two
-
Liverpool ONE CYPMW Proactive Fund
-
Liverpool ONE Foundation Fund
268,425
Liverpool Tennis Foundation Fund
752
Balance carried forward
923,780		 Movement in Resources
Incoming
Outgoing
Transfers
£
£
£
48,859
(118,383)
43,360
-
-
-
-
-
2,141
-
(4,785)
19,438
-
(12,551)
-
586
-
-
-
-
-
-
(9,714)
10,719
-
(12,903)
-
222,207
(154,454)
-
203,125
(129,105)
(44)
88,040
(650)
41,094
-
-
-
872
-
(4,250)
-
-
1,646
170
(725)
3,342
(1)
(36,936)
33,605
2
(3,310)
-
100,000
-
-
615,000
(615,000)
-
13,158
(57,158)
-
195,750
(186,091)
-
192,608
(42,250)
-
11,875
(21,490)
-
(22)
(8,551)
-
-
736
-
(1,500)
1,248
-
(8,706)
5,684
-
(3,349)
1,818
-
-
294
98,086
(30,437)
-
6,048
(31,387)
21,917
31,675
(40,480)
6,850
1,927
-
-
-
-
2,320
-
-
1,656
-
-
-
-
-
(150)
64
(16,800)
15,774
20,000
(18,510)
500
-
-
2,275
195
(1,000)
6,404
-
-
1,033
-
-
(894)
-
-
613
-
750
10,437
-
(53,797)
(50)
-
-
10,771
-
(20)
1,365
-
(28,703)
41,669
22,000
(22,000)
-
-
(22,509)
2,670
-
25,000
42,752
276,874
(276,874)
-
-
(18,271)
20,000
-
(22,300)
22,300
-
(497,145)
590,335
-
(7,010)
12,029
220,000
78,615
(553,774)
-
-
-
2,369,098
(2,410,490)
419,633		 As at
31 March 2022
£
79,828
2,421
7,085
42,566
63,117
-
6,581
11,489
3,101
72,307
74,097
135,243
1,608
-
18,014
7,098
14,600
2,748
100,000
-
-
11,809
150,358
1,088
1
4,168
5,830
34,525
9,976
4,096
67,649
9,489
3,431
1,927
47,155
1,730
1,101
400
8,202
11,989
17,062
4,307
2,708
-
1,613
20,583
-
57,597
3,179
-
-
-
46,585
-
19,336
-
93,190
5,019
13,266
752
2,369,098 1,302,021

34

COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

16
RESTRICTED FUNDS (Contd…)
Balance brought forward
Made by Sport "Clubs in Crisis" Fund Lancashire
Made by Sport "Clubs in Crisis" Fund Merseyside
Mando Group Foundation
Mark McQueen Foundation (Lancashire) Fund
Mark McQueen Foundation (Combined) Fund
Medicash
Merseyside Community Investment Fund
MJB Fund
Momentum Foundation
MVRP Sports, Arts and Culture Fund
Nationwide Building Society Fund
Nationwide Foundation Fund
Older Peoples Fund Lancashire
Olivia Rae Foundation Fund
Peel Ports 500 Fund
Pendle Music Bursary Fund
Police Property Act Fund
Preston New Road Community Benefit Fund
Progress Housing Association Limited Fund
Ray Messer Foundation Fund
Red Rose Responding Fund
Rimrose Valley Running Track
Rossendale Community Fund
Rossiter Foundation Fund
Rumi & Rishi Fund
Runcat Community Action
RWE Innogy UK Ltd Hameldon Hill
Sefton MBC Education & Learning Fund
Sefton MBC Taylor Fund
Shooting Stars Foundation
Shop Direct Fund
Surviving Winter Lancashire
Surviving Winter Merseyside
The BXB Foundation Fund
The Lancashire Womens Fund
The Manchester Womens Fund
The Merseyside Womens Fund
The Windle Utd Charity Fund
Tilney Investment Management Fund
VRP Arts & Culture Fund
WO Street Lancashire Fund
WO Street Merseyside Fund
Youthbank
#iwill Merseyside Fund
Other Funds		 As at
1 April 2021
£
923,780
105,271
96,117
(1)
8,288
(1,996)
3,824
25,791
40,038
2,583
-
1,400
39,168
80
2,446
20,954
5,316
30
55,579
34,769
1,000
49,500
20,000
(657)
17,922
41,990
504
24,148
17,697
446
536
11,491
1,267
287
-
300
3
-
18,960
(7,019)
231
45,674
8,205
(3,400)
400
59,949
1,672,870		 Movement in Resources
Incoming
Outgoing
Transfers
£
£
£
2,369,098
(2,410,490)
419,633
-
(105,271)
-
-
(96,117)
-
1
-
-
-
(11,560)
3,272
3,916
(20,576)
30,253
-
-
2,074
1,860
(20,052)
12,550
-
(12,000)
24,878
-
-
203
360,000
(360,000)
-
(1,400)
-
-
145,631
(184,799)
-
-
(80)
(68)
-
850
-
(6,410)
1,174
-
10,537
48,499
(48,529)
-
-
-
-
-
(9,000)
9,975
-
(1,000)
-
6,560
(46,293)
130
8,977
(28,977)
-
-
(3,474)
5,300
-
(17,900)
10,589
-
(10,000)
11,266
1
(505)
-
10,745
(9,478)
-
-
(5,733)
7,152
-
-
463
-
-
-
-
(14,711)
3,220
-
-
(21)
-
-
(99)
5,000
(3,500)
-
-
350
325
-
-
(3)
38
-
-
-
(13,250)
2,675
-
2,915
23,052
(231)
-
-
-
(27,716)
38,213
-
-
5,207
3,400
(400)
(377)
-
(45,567)
2,958,250
(3,464,076)
580,221		 As at
31 March 2022
£
1,302,021
-
-
-
-
11,597
5,898
20,149
52,916
2,786
-
-
-
-
3,228
15,718
15,853
-
55,579
35,744
-
9,897
-
1,169
10,611
43,256
-
25,415
19,116
909
536
-
1,246
188
1,500
975
-
38
8,385
18,948
-
56,171
13,412
-
-
14,005
2,958,250 1,747,265

Fund balances represent grants receivable for the charity to distribute in accordance with the terms and conditions of the donor. Balances on the funds represent undistributed funds held in the bank accounts

All Funds available, together with the criteria, priorities, areas covered and application process are detailed on our website at www.lancsfoundation.org.uk and www.cfmerseyside.org.uk

Note 25 details the comparative movement on restricted funds .

35

COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

17 UNRESTRICTED FUNDS

As at
1 April 2021
£
Unrestricted funds
640,895
18 ENDOWMENT FUNDS
As at
1 April 2021
£
Permanent endowment
1,121,179
Expendable endowment
18,153,886
19,275,065
1 April 2021
Permanent endowment:
£
Rossendale Community Fund
157,345
Sefton MBC Education & Learning Trust
167,890
4 Other Funds
201,553
The Charity of John Goore
594,391
Expendable endowment:
23 Foundation
1,284,843
Aldridge Foundation CF Endowment
59,987
Alfred Shaw Trust
496,489
BHP Billiton
317,503
Blue Sky Foundation Endowment Fund
1,679,738
CFLM Discretionary CF Endowment
106,873
CFLM General Endowment
22,949
Christal Foundation
1,001,417
John Goore Trust Endowment Reserve
18,994
Gorse Bank Trust CF Endowment
20,602
Halton Foundation - Halton Chamber of Commerce CF
31,570
Halton Foundation - Knights House
415,555
Halton Foundation Trust Transfer Fund
139,335
Halton Foundation Widnes Education Endowment Fund
21,503
High Sheriffs and Merseyside Police Trust
636,882
Hill Dickinson Foundation
474,154
Huntley & Palmers Expendable Endowment Fund
66,285
Investec Wealth & Investment Endowment
49,031
John Goore Trust
339,803
Joseph Harley Endowment
67,399
Knowsley Foundation Fred Curran Endowment Fund
58,925
Knowsley Foundation General Endowment Fund
36,451
Lancashire Community Investment CF Endowment Fun
7,871
Lancashire Community Investment Endowment
5,365
Lancashire General Endowment
186,470
Lancaster Community Endowment Fund
40,410
Lancaster Foundation
1,076,809
Leahy Foundation
1,162,006
Liverpool ONE Foundation
2,647,616
Mark McQueen Foundation Lancashire
189,432
Mark McQueen Foundation Combined
493,298
Medicash CF Endowment
1,441
Medicash Endowment Fund
59,928
Merseyside Community Investment
330,508
MJB Fund
822,307
Momentum Foundation Endowment Fund
6,310
Olivia Rae CF Endowment
31,866
Other Endowment Funds
12,167
Peel Ports 500 Endowment
34,755
Pendle Young Musicians Bursary
292,979
Progress Housing
295,473
Rumi and Rishi Fund
315,718
The Rossiter Family Fund
313,657
Sefton MBC Arthur Taylor Fund Endowment
6,816
Sefton MBC Educational Trust Fund Endowment
37,516
Shop Direct CF Endowment
105,550
The Cells Charitable Trust
120,580
The Windle United Fund
196,011
Tilney Investment Management
592,803
WO Street Lancashire
1,181,828
WO Street Merseyside
240,108
19,275,065		 As at
1 April 2021
£
640,895		 A
Incoming
Outgoing
Transfers
£
£
£
483,936
(694,244)
332,262
Incoming
Outgoing
Gains and
Transfers
£
£
£
31,877
(43,714)
93,766
536,802
(908,526)
1,218,696
568,679
(952,240)
1,312,463
Incoming
Outgoing
Transfers
£
£
£
4,599
(8,733)
13,383
4,907
(9,317)
14,282
4,626
(7,919)
13,503
17,745
(17,745)
52,598
28,268
(66,588)
67,032
1,754
(3,280)
5,105
14,514
(27,299)
42,245
6,985
(16,460)
16,565
37,268
(64,836)
87,249
3,125
(5,857)
9,094
505
(1,190)
1,197
22,036
(51,628)
52,241
-
-
-
602
(1,127)
1,753
923
(1,748)
2,686
12,381
(12,381)
35,864
3,978
(3,978)
11,976
641
(641)
1,856
14,981
(33,408)
37,637
49,603
(24,005)
34,217
1,457
(3,554)
3,460.00
1,079
(2,542)
2,558
7,476
(17,616)
17,728
1,483
(3,494)
3,516
1,756
(1,756)
5,085
1,086
(1,086)
3,146
230
(430)
670
118
(278)
280
4,102
(9,667)
9,729
889
(2,095)
2,108
31,484
(58,880)
91,635
30,414
(62,257)
82,688
119,010
(141,023)
229,832
3,264
(9,655)
(183,041)
11,757
(25,740)
218,660
42
(78)
122
1,318
(3,107)
3,127
7,787
(17,285)
19,590
19,315
(43,044)
48,467
139
(312)
329
940
(1,359)
2,730
-
-
950
765
(1,802)
1,814
8,565
(16,096)
24,929
6,501
(15,318)
15,415
9,231
(17,264)
26,867
6,901
(16,261)
16,364
150
(353)
356
825
(1,945)
1,957
3,086
(5,786)
8,982
3,593
(3,593)
10,407
5,840
(5,840)
16,916
17,332
(32,439)
50,446
26,035
(58,865)
61,617
5,271
(13,280)
12,543
Movement in Resources
Movement in Resources		 A
Incoming
Outgoing
Transfers
£
£
£
483,936
(694,244)
332,262
Incoming
Outgoing
Gains and
Transfers
£
£
£
31,877
(43,714)
93,766
536,802
(908,526)
1,218,696
568,679
(952,240)
1,312,463
Incoming
Outgoing
Transfers
£
£
£
4,599
(8,733)
13,383
4,907
(9,317)
14,282
4,626
(7,919)
13,503
17,745
(17,745)
52,598
28,268
(66,588)
67,032
1,754
(3,280)
5,105
14,514
(27,299)
42,245
6,985
(16,460)
16,565
37,268
(64,836)
87,249
3,125
(5,857)
9,094
505
(1,190)
1,197
22,036
(51,628)
52,241
-
-
-
602
(1,127)
1,753
923
(1,748)
2,686
12,381
(12,381)
35,864
3,978
(3,978)
11,976
641
(641)
1,856
14,981
(33,408)
37,637
49,603
(24,005)
34,217
1,457
(3,554)
3,460.00
1,079
(2,542)
2,558
7,476
(17,616)
17,728
1,483
(3,494)
3,516
1,756
(1,756)
5,085
1,086
(1,086)
3,146
230
(430)
670
118
(278)
280
4,102
(9,667)
9,729
889
(2,095)
2,108
31,484
(58,880)
91,635
30,414
(62,257)
82,688
119,010
(141,023)
229,832
3,264
(9,655)
(183,041)
11,757
(25,740)
218,660
42
(78)
122
1,318
(3,107)
3,127
7,787
(17,285)
19,590
19,315
(43,044)
48,467
139
(312)
329
940
(1,359)
2,730
-
-
950
765
(1,802)
1,814
8,565
(16,096)
24,929
6,501
(15,318)
15,415
9,231
(17,264)
26,867
6,901
(16,261)
16,364
150
(353)
356
825
(1,945)
1,957
3,086
(5,786)
8,982
3,593
(3,593)
10,407
5,840
(5,840)
16,916
17,332
(32,439)
50,446
26,035
(58,865)
61,617
5,271
(13,280)
12,543
Movement in Resources
Movement in Resources		 A
Incoming
Outgoing
Transfers
£
£
£
483,936
(694,244)
332,262
Incoming
Outgoing
Gains and
Transfers
£
£
£
31,877
(43,714)
93,766
536,802
(908,526)
1,218,696
568,679
(952,240)
1,312,463
Incoming
Outgoing
Transfers
£
£
£
4,599
(8,733)
13,383
4,907
(9,317)
14,282
4,626
(7,919)
13,503
17,745
(17,745)
52,598
28,268
(66,588)
67,032
1,754
(3,280)
5,105
14,514
(27,299)
42,245
6,985
(16,460)
16,565
37,268
(64,836)
87,249
3,125
(5,857)
9,094
505
(1,190)
1,197
22,036
(51,628)
52,241
-
-
-
602
(1,127)
1,753
923
(1,748)
2,686
12,381
(12,381)
35,864
3,978
(3,978)
11,976
641
(641)
1,856
14,981
(33,408)
37,637
49,603
(24,005)
34,217
1,457
(3,554)
3,460.00
1,079
(2,542)
2,558
7,476
(17,616)
17,728
1,483
(3,494)
3,516
1,756
(1,756)
5,085
1,086
(1,086)
3,146
230
(430)
670
118
(278)
280
4,102
(9,667)
9,729
889
(2,095)
2,108
31,484
(58,880)
91,635
30,414
(62,257)
82,688
119,010
(141,023)
229,832
3,264
(9,655)
(183,041)
11,757
(25,740)
218,660
42
(78)
122
1,318
(3,107)
3,127
7,787
(17,285)
19,590
19,315
(43,044)
48,467
139
(312)
329
940
(1,359)
2,730
-
-
950
765
(1,802)
1,814
8,565
(16,096)
24,929
6,501
(15,318)
15,415
9,231
(17,264)
26,867
6,901
(16,261)
16,364
150
(353)
356
825
(1,945)
1,957
3,086
(5,786)
8,982
3,593
(3,593)
10,407
5,840
(5,840)
16,916
17,332
(32,439)
50,446
26,035
(58,865)
61,617
5,271
(13,280)
12,543
Movement in Resources
Movement in Resources		 As at
31 March 2022
£
762,849
As at
31 March 2022
£
1,203,108
19,000,859
20,203,967
31 March 2022
£
166,594
177,761
211,764
646,989
1,313,556
63,565
525,949
324,593
1,739,419
113,235
23,462
1,024,066
18,994
21,831
33,431
451,419
151,311
23,359
656,092
533,969
67,648
50,126
347,390
68,904
64,010
39,597
8,341
5,485
190,634
41,312
1,141,048
1,212,851
2,855,435
-
697,975
1,527
61,266
340,600
847,045
6,466
34,177
13,117
35,531
310,377
302,070
334,553
320,661
6,969
38,353
111,832
130,987
212,927
628,141
1,210,615
244,641
20,203,967
36
As at
1 April 2021
£
1,121,179
18,153,886
19,275,065 568,679 (952,240) 1,312,463
Incoming
£
4,599
4,907
4,626
17,745
28,268
1,754
14,514
6,985
37,268
3,125
505
22,036
-
602
923
12,381
3,978
641
14,981
49,603
1,457
1,079
7,476
1,483
1,756
1,086
230
118
4,102
889
31,484
30,414
119,010
3,264
11,757
42
1,318
7,787
19,315
139
940
-
765
8,565
6,501
9,231
6,901
150
825
3,086
3,593
5,840
17,332
26,035
5,271		 Outgoing
£
(8,733)
(9,317)
(7,919)
(17,745)
(66,588)
(3,280)
(27,299)
(16,460)
(64,836)
(5,857)
(1,190)
(51,628)
-
(1,127)
(1,748)
(12,381)
(3,978)
(641)
(33,408)
(24,005)
(3,554)
(2,542)
(17,616)
(3,494)
(1,756)
(1,086)
(430)
(278)
(9,667)
(2,095)
(58,880)
(62,257)
(141,023)
(9,655)
(25,740)
(78)
(3,107)
(17,285)
(43,044)
(312)
(1,359)
-
(1,802)
(16,096)
(15,318)
(17,264)
(16,261)
(353)
(1,945)
(5,786)
(3,593)
(5,840)
(32,439)
(58,865)
(13,280)		 Transfers
£
13,383
14,282
13,503
52,598
67,032
5,105
42,245
16,565
87,249
9,094
1,197
52,241
-
1,753
2,686
35,864
11,976
1,856
37,637
34,217
3,460.00
2,558
17,728
3,516
5,085
3,146
670
280
9,729
2,108
91,635
82,688
229,832
(183,041)
218,660
122
3,127
19,590
48,467
329
2,730
950
1,814
24,929
15,415
26,867
16,364
356
1,957
8,982
10,407
16,916
50,446
61,617
12,543
19,275,065 568,679 (952,240) 1,312,463

COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

19 ANALYSIS OF NET ASSETS
BETWEEN FUNDS
Endowment Funds
Restricted Funds
Unrestricted Funds		 Fixed
assets
£
-
-
5,813
5,813		 Investments
£
20,149,544
-
652,384
20,801,928		 Net Current
Assets
£
54,423
1,747,265
104,651
1,906,339		 Total
£
20,203,967
1,747,265
762,848
22,714,080

20 TRUSTEES' EXPENSES

No trustees have received remuneration. Travel expenses were paid to the following Trustees: Arthur Roberts £306 (2021 - £35)

21 RELATED PARTY TRANSACTIONS

Ms D Howitt, a trustee, is Place Strategy Director at Liverpool One who have provided in-kind office premises to the foundation since January 2011, included in these accounts at a £70,000 value during the year. Liverpool ONE also donated funds to contribute to rates payable to Liverpool City Council, included in these accounts of £6,724, £11,142 towards electricity costs and £2,632 towards telephone costs.

Liverpool ONE hold endowment and restricted funds with the foundation. The Liverpool ONE endowment fund was valued at £2,855,435 as at 31 March 2022. The fund generated £120,389 during the year, of which £40,273 was donated towards the costs of CFLM, with the balance transferred for distribution through their restricted fund. CFLM received additional donations to the Liverpool ONE fund totalling £100,000 from the Westminster Foundation and £200,000 from Grosvenor (with £50,000 of that amount being transferred to the Liverpool ONE foundation endowment). The fund awarded £296,072 throughout 2021/22.

22 CONTINGENT LIABILITIES

The restricted fund balances carried forward at 31 March 2022 represent funds available due to the timing of the receipt of grant funds and their distribution. The conditions attaching to the funding streams are such that the balances represent income for the year as defined in the Charities SORP.

23 POST BALANCE SHEET EVENTS

There are no post balance sheet events.

24 MEMBERS' LIABILITY

The charity is a private company limited by guarantee and consequently does not have share capital. The members are liable to contribute a maximum of £1 each towards the assets of the charity in the event of the company being wound up.

37

COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

25 COMPARATIVE RESTRICTED FUNDS

As at
1 April 2020
£
23 Foundation
159,327
ACC Liverpool Foundation Fund
7,271
Aldridge Foundation
3,441
Alfred Shaw Trust Fund
23,137
Ann and Ray Messer Foundation
89,311
B&M
(586)
Bernie Fleming Aintree Lung Cancer Foundation
6,581
BHP Billiton Fund
6
Be Inspired Business Awards Foundation
1,919
Big Local Trust Beechwood
85,560
Big Local Trust Northwood
9,368
Blue Sky Foundation Fund
231,005
Blurred Line Foundation Fund
(1,809)
Bridgebuilder Foundation
1,608
BSBT Fund
3,388
Cells Charitable Trust Fund
-
CFLM Discretionary Fund
3,036
Christal Foundation Revenue Fund
(7,517)
Christine Ann Foundation
-
Comic Relief Fund
1,001
Daneway Foundation Capital Fund
17,600
Daneway Foundation Fund
23,231
Dulverton Trust Fund
6,003
FPC Foundation Fund
11,875
GB Partnerships fund
-
GM Mayors Homeless Fund
6,608
Gorse Bank Trust
3,189
Grassroots
(1,130)
Halton Foundation Halton Chamber of Commerce
4,897
Halton Foundation - Knights House
2,660
Halton Foundation Fund
-
Halton Foundation Widnes Education Fund
534
High Sheriff & Merseyside Police Fund
7,096
Hill Dickinson Fund
31,633
Home Street Home Fund
9,200
Huntley & Palmers Fund
-
Investec Wealth & Investment Fund
1,456
Japanese Tsunami Fund
1,101
Jim Hosker Memorial Fund
(709)
John Goore Book tokens Fund
(1,700)
John Goore Trust Fund
(798)
John Laing Charitable Trust Fund
11,016
Joseph Harley Fund
12,563
Knowsley Foundation Fred Curran Revenue Fund
-
Knowsley Foundation Fund
-
Knowsley Foundation Social Enterprise Sector Developmen
(4,290)
Knowsley Huyton with Roby War Distress Flow Through Fu
2,150
Lancashire Community Investment Fund
771
Lancashire Covid 19 Fund
46,000
Lancashire Flood Recovery Fund
45,519
Lancaster Community Fund
10,785
Lancaster Foundation Fund
6,122
LCR Cares Fund Merseyside
46,108
Leahy Foundation Fund
35,343
Liverpool Community Safety Partnership
-
Liverpool ONE Co-Ordinator Costs
-
Liverpool ONE Foundation Fund
302,432
Liverpool Tennis Foundation Fund
752
Balance carried forward
1,254,064		 Movement in Resources
Incoming
Outgoing
£
£
32,212
(112,271)
-
(4,850)
-
708
-
(600)
880
(17,220)
-
-
-
-
-
-
16,085
(2,000)
-
(81,006)
134,877
(144,124)
-
(61,642)
-
-
-
-
48,115
(48,115)
16,618
(250)
-
(212)
-
(24,884)
6,217
(500)
-
-
-
(20,000)
44,000
195,750
(148,803)
19,959
(16,131)
4,660
(4,660)
1,910
54
-
-
-
-
-
-
-
(3,507)
5,536
-
-
-
11,101
(23,944)
29,336
(40,994)
-
(9,200)
45,000
(165)
-
(3,000)
-
-
-
-
-
(300)
57
(13,724)
20,000
(21,017)
-
-
-
(1,000)
-
-
-
-
-
(2,000)
-
(261)
1,961,461
(1,974,806)
307
1,000
-
(8,638)
-
(29,516)
2,021,576
(2,123,284)
-
(75,000)
204,892
(204,892)
-
(17,106)
88,000
(97,436)
-
-
4,908,548
(5,335,296)		 Transfers
£
26,724
-
795
5,376
2,697
-
-
10,479
-
-
-
(162,604)
1,809
-
(10)
-
1,486
50,333
339
(1,001)
2,400
(23,231)
(50,800)
(5,000)
-
-
243
1,130
1,185
38,394
5,971
3,269
18,658
(14,588)
-
-
1,618
-
709
2,550
23,629
-
2,224
(293)
1,675
5,184
850
8,886
21,192
-
(313)
10,427
75,439
18,490
-
34,713
(24,571)
-
96,463		 As at
31 March 2021
£
105,992
2,421
4,944
27,913
75,668
(586)
6,581
10,485
16,004
4,554
121
6,759
-
1,608
3,378
16,368
4,310
17,932
6,056
-
-
44,000
2,150
10,703
-
8,572
3,432
-
6,082
37,547
11,507
3,803
12,911
5,387
-
44,835
74
1,101
-
550
9,164
9,999
14,787
(1,293)
1,675
894
1,000
9,396
53,847
46,826
1,834
(12,967)
19,839
(21,167)
-
17,607
268,425
752
923,779

38

COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

Balance brought forward
Made by Sport "Clubs in Crisis" Fund Lancashire
Made by Sport "Clubs in Crisis" Fund Merseyside
Mando Group Foundation
Mark McQueen Foundation (Lancashire) Fund
Mark McQueen Foundation (Merseyside) Fund
Medicash
Merseyside Community Investment Fund
MJB Fund
Momentum Foundation
Nationwide Building Society Fund
Nationwide Foundation Fund
Older Peoples Fund Lancashire
Olivia Rae Foundation Fund
PCC-Covid 19 Domestic Abuse Services Fund
PCC Covid 19 Sexual Violence Fund
Peel Ports 500 Fund
Pendle Music Bursary Fund
Police Property Act Fund
Preston New Road Community Benefit Fund
Progress Housing Association Limited Fund
Ray Messer Foundation Fund
Red Rose Responding Fund
Rimrose Valley Running Track
Rossendale Community Fund
Rossiter Foundation Fund
Rumi & Rishi Fund
Runcat Community Action
RWE Innogy UK Ltd Hameldon Hill
Sefton MBC Education & Learning Fund
Sefton MBC Taylor Fund
Shooting Stars Foundation
Shop Direct Fund
Surviving Winter Lancashire
Surviving Winter Merseyside
The Lancashire Womens Fund
The Manchester Womens Fund
The Merseyside Womens Fund
The Windle Utd Charity Fund
Tilney Investment Management Fund
VRP Arts & Culture Fund
WO Street Lancashire Fund
WO Street Merseyside Fund
Youthbank
#iwill Lancashire Fund
#iwill Merseyside Fund
Other Funds
COMPARATIVE ENDOWMENT FUNDS
Permanent Endowment
Expendable Endowment		 As at
1 April 2020
£
1,254,064
-
-
(1)
2,037
(398)
1,854
14,076
34,470
6,500
11,400
248,063
80
9,226
-
-
19,807
10,956
30
105,575
25,018
25,222
-
-
(1,291)
7,571
37,428
504
15,185
13,678
221
536
10,120
1,267
287
18,526
3
(2,999)
15,976
2,856
-
8,323
5,273
(1,917)
(4,609)
(6,100)
26,017
1,914,834
As at
1 April 2020
£
882,142
14,409,027
15,291,169		 As at
Incoming
Outgoing
31 March 2021
£
£
£
D
£
4,908,548
(5,335,296)
96,463
923,779
105,271
-
-
105,271
96,117
-
-
96,117
-
-
-
(1)
-
-
6,251
8,288
2,476
(20,353)
16,279
(1,996)
-
(60)
2,030
3,824
2,220
-
9,495
25,791
-
(16,500)
22,068
40,038
-
(1,100)
(2,817)
2,583
(10,000)
-
-
1,400
-
(208,895)
-
39,168
-
-
-
80
565
(1,400)
(5,945)
2,446
218,886
(218,886)
-
-
113,108
(113,108)
-
-
-
-
1,147
20,954
-
(9,432)
3,792
5,316
47,502
(47,502)
-
30
-
(49,996)
-
55,579
-
-
9,751
34,769
(100)
(6,950)
(17,172)
1,000
49,500
-
-
49,500
10,000
-
10,000
20,000
-
(8,734)
9,368
(657)
-
-
10,351
17,922
-
-
4,562
41,990
-
-
-
504
9,964
(1,000)
-
24,149
-
(4,854)
8,873
17,697
-
-
225
446
-
-
-
536
-
-
1,371
11,491
-
-
-
1,267
-
-
-
287
-
(18,500)
274
300
-
-
-
3
-
-
2,999
-
-
-
2,984
18,960
-
(16,529)
6,654
(7,019)
82,934
(82,702)
-
232
-
-
37,351
45,674
-
(4,992)
7,924
8,205
-
-
(1,483)
(3,400)
-
(391)
5,000
-
5,000
(10,500)
12,000
400
-
-
33,931
59,948
5,641,991
(6,177,680)
293,725
1,672,870
As at
Incoming
Outgoing
Gains and
31 March 2021
Transfers
£
£
£
£
82,055
(32,209)
189,190
1,121,179
1,092,503
(725,830)
3,378,187
18,153,886
1,174,558
(758,039)
3,567,377
19,275,065
Movement in Resources
Movement in Resources		 As at
Incoming
Outgoing
31 March 2021
£
£
£
D
£
4,908,548
(5,335,296)
96,463
923,779
105,271
-
-
105,271
96,117
-
-
96,117
-
-
-
(1)
-
-
6,251
8,288
2,476
(20,353)
16,279
(1,996)
-
(60)
2,030
3,824
2,220
-
9,495
25,791
-
(16,500)
22,068
40,038
-
(1,100)
(2,817)
2,583
(10,000)
-
-
1,400
-
(208,895)
-
39,168
-
-
-
80
565
(1,400)
(5,945)
2,446
218,886
(218,886)
-
-
113,108
(113,108)
-
-
-
-
1,147
20,954
-
(9,432)
3,792
5,316
47,502
(47,502)
-
30
-
(49,996)
-
55,579
-
-
9,751
34,769
(100)
(6,950)
(17,172)
1,000
49,500
-
-
49,500
10,000
-
10,000
20,000
-
(8,734)
9,368
(657)
-
-
10,351
17,922
-
-
4,562
41,990
-
-
-
504
9,964
(1,000)
-
24,149
-
(4,854)
8,873
17,697
-
-
225
446
-
-
-
536
-
-
1,371
11,491
-
-
-
1,267
-
-
-
287
-
(18,500)
274
300
-
-
-
3
-
-
2,999
-
-
-
2,984
18,960
-
(16,529)
6,654
(7,019)
82,934
(82,702)
-
232
-
-
37,351
45,674
-
(4,992)
7,924
8,205
-
-
(1,483)
(3,400)
-
(391)
5,000
-
5,000
(10,500)
12,000
400
-
-
33,931
59,948
5,641,991
(6,177,680)
293,725
1,672,870
As at
Incoming
Outgoing
Gains and
31 March 2021
Transfers
£
£
£
£
82,055
(32,209)
189,190
1,121,179
1,092,503
(725,830)
3,378,187
18,153,886
1,174,558
(758,039)
3,567,377
19,275,065
Movement in Resources
Movement in Resources
1,672,870
As at
31 March 2021
£
1,121,179
18,153,886
19,275,065

39

COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

COMPARATIVE ENDOWMENT FUNDS (contd)

Included in the above figures are the following significant (over £100,000) funds:

As at Gains and As at
1 April 2020 Incoming Outgoing Transfers 31 March 2021
Permanent endowment: £ £ £ £ £
Rossendale Community Fund 127,808 4,596
 (4,596)
 29,537 157,345
Sefton MBC Education & Learning Trust 140,745 4,904
 (4,904) 27,145 167,890
4 Other Funds 121,196 55,159
 (5,313) 30,511 201,553
The Charity of John Goore 492,393 17,396
 (17,396) 101,998 594,391
-
Expendable endowment:
23 Foundation 1,070,601 24,745
 (64,258) 253,755 1,284,843
Aldridge Foundation CF Endowment 49,714 1,752
 (1,752) 10,273 59,987
Alfred Shaw Trust 411,391 14,502
 (14,502) 85,098 496,489
BHP Billiton 264,742 6,118
 (16,062) 62,705 317,503
Blue Sky Foundation Endowment Fund 870,803 424,533
 (57,811) 442,213 1,679,738
CFLM Discretionary CF Endowment 88,570 3,122
 (3,122) 18,303 106,873
CFLM General Endowment 19,259 442
 (1,161) 4,409 22,949
Christal Foundation 886,824 20,262
 (51,243) 145,574 1,001,417
Other Endowment Funds 18,994 -
 - - 18,994
Gorse Bank Trust CF Endowment 17,074 602
 (602) 3,528 20,602
Halton Foundation - Halton Chamber of Commerce CF E 26,163 922
 (922) 5,407 31,570
Halton Foundation - Knights House 354,928 12,138
 (12,138) 60,627 415,555
Halton Foundation Trust Transfer Fund 96,112 26,749
 (3,387) 19,861 139,335
Halton Foundation Widnes Education Endowment Fund 17,820 628
 (628) 3,683 21,503
High Sheriffs and Merseyside Police Trust 530,392 13,603
 (29,356) 122,243 636,882
Hill Dickinson Foundation 333,249 77,233
 (13,314) 76,986 474,154
Huntley & Palmers Expendable Endowment Fund - 66,285
 - - 66,285
Investec Wealth & Investment Endowment 41,148 945
 (2,480) 9,418 49,031
John Goore Trust 309,806 6,547
 (17,190) 40,640 339,803
Joseph Harley Endowment 56,563 1,299
 (3,409) 12,946 67,399
Knowsley Foundation Fred Curran Endowment Fund 48,834 1,721
 (1,721) 10,091 58,925
Knowsley Foundation General Endowment Fund 30,208 1,065
 (1,065) 6,243 36,451
Lancashire Community Investment CF Endowment Fund 6,523 230
 (230) 1,348 7,871
Lancashire Community Investment Endowment 4,502 104
 (271) 1,030 5,365
Lancashire General Endowment 155,702 3,594
 (9,434) 36,608 186,470
Lancaster Community Endowment Fund 33,913 779
 (2,044) 7,762 40,410
Lancaster Foundation 890,655 31,451
 (31,451) 186,154 1,076,809
Leahy Foundation 979,369 29,053
 (44,455) 198,039 1,162,006
Liverpool ONE Foundation 2,141,594 63,711
 (101,681) 543,992 2,647,616
Mark McQueen Foundation Lancashire 157,953 3,650
 (9,583) 37,412 189,432
Mark McQueen Foundation Merseyside 411,325 9,505
 (24,956) 97,424 493,298
Medicash CF Endowment 1,254 42
 (42) 186 1,441
Medicash Endowment Fund 50,294 1,155
 (3,032) 11,511 59,928
Merseyside Community Investment 275,264 7,076
 (15,198) 63,366 330,508
MJB Fund 684,933 17,525
 (37,988) 157,837 822,307
Momentum Foundation Endowment Fund 5,269 121
 (286) 1,206 6,310
Olivia Rae CF Endowment 26,409 931
 (931) 5,457 31,866
Other Endowment Funds 57,915
 (37,236)
 - (8,512) 12,167
Peel Ports 500 Endowment 29,169 669
 (1,759) 6,676 34,755
Pendle Young Musicians Bursary 242,779 8,557
 (8,557) 50,200 292,979
Progress Housing 246,376 5,694
 (14,948) 58,351 295,473
Rumi and Rishi Fund 261,729 9,222
 (9,222) 53,989 315,718
The Rossiter Family Fund 261,534 6,044
 (15,868) 61,947 313,657
Sefton MBC Arthur Taylor Fund Endowment 5,721 131
 (346) 1,310 6,816
Sefton MBC Educational Trust Fund Endowment 31,485 723
 (1,898) 7,206 37,516
Shop Direct CF Endowment 87,474 3,083
 (3,083) 18,076 105,550
The Cells Charitable Trust - 122,000
 - (1,420) 120,580
The Windle United Fund 181,649 5,725
 (5,725) 14,362 196,011
Tilney Investment Management 491,400 17,315
 (17,315) 101,403 592,803
WO Street Lancashire 943,444 71,810
 (57,259) 223,833 1,181,828
WO Street Merseyside 200,196 4,627
 (12,146) 47,431 240,108
15,291,169 1,174,558
 (758,039) 3,567,377 19,275,065

COMPARATIVE UNRESTRICTED FUNDS

Unrestricted

As at
1 April 2020
£
363,264		 Incoming
£
692,119		 Outgoing
£
(669,929)		 Transfers
£
255,441		 As at
31 March 2021
£
640,895

40