COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE FINANCIAL STATEMENTsrrRUSTEE REPORT YEAR ENDED 31 MARCH 2025 Company Number . 03422207 Charity Number: 1068887 COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE YEAR ENDED 31 MARCH 2025 CONTENTS PAGE GROUP AND COMPANY INFORMATION TRUSTEES, REPORT 2-12 FINANCIAL REVIEW 13 STATEMENT OF TRUSTEES, RESPONS181LITIES 14 INDEPENDENT AUDITOR'S REPORT 15-18 CONSOLIDATED AND COMPANY STATEMENT OF FINANCIAL ACTIVITIES 19 CONSOLIDATED AND COMPANY SUMMARY INCOME AND EXPENDITUREACCOUNT 20 CONSOLIDATED BALANCE SHEET 21 COMPANY BALANCE SHEET STATEMENT OF CONSOLIDATED CASHFLOWS 23 NOTES TO THE FINANCIAL STATEMENTS 24-41 COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE FOR THE YEAR ENDED 31 MARCH 202S Trustees W David Warelng, Chaiman Andy Myers Naz Zaman Donna Howitt Neil Welsh Sarah Plckerill Raj Dev Ram Gupts Managament Rae Brooke Karen Morr18 Juliet Knight Jarnos Proctor Ben Roberts Charlty règistered number 1068887 Company reglstsred number 03422207 Regl8lered offlce., Communlty Found8tlon8 for Lan¢88hlre and Mer$6yslde ThSrd Floor Stsnley Building 43 Hanover Street Llverpool L13DN Bankers.. Santander Brfdlo Road Bootle L30 4GB Independent Auditors.. Mii¢hell Charlesworth 14th Floor. The Plaza Old Hall Street Llverpool, L3 9QJ SoliGilors: Brabnern LLP Horton House Exchang6 Flag8 Liverpool L2 3YL Investmont Managgrn.. R8thbon68 Group plc Port of Llverpool Bulldlng Pler Head Liverpool L3 1NW CCLA Investrnent MBnagernent Ltd g Angel Lan8 London EC4R 3AB COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES. REPORT The directors of the charitable company are its trustees for the purposes of charity lew. The Trustees present their report and the audited financial SL￿eMents of the charity fLY the year ended 31 March 2025. The trustees have adopted the provlsions of the Statement of Recommended Practice ISORPI "Accounting and ReportlnB by Charities. in prepartng the annual report and financial statements of the charlty. The financi81 slatem8nts have been prepared In accordance with the accounlng pollcies set out In note5 to the a¢¢ounts and comply with th8 ¢hariWs govaming d(￿rnent, the Charities Act 2011 and Accounting and Reporting by Charilie8'. Ststement of Recommended Practice 8ppllcable to charlties preparlng thelr aGcounts In accordance wlth th8 Flnanclal Reporting standard applicable in the UK and Republic of Ireland published in October 2019., The charlty, CFLM. 58 consututed a8 a company Ilmited by guarantee and not h8ving any share capital. The company is registered in England and Wales. number 03422207, and Its princlpal goveming d￿ment Is the company Memorandum and Artides of Association las aménded by special rasclution on 4 06¢8mber 2013 and fomially merged on 1 April 2014). The charity Is also regislered wlth the Charity Commlssion, number 1068887. Trustees and Senlor Staff The dlrectors of the ¢harilable company are Its twstees for the purposes of charltylaw. Th8 persons who have aclad a8 TN$l8és during the year we￿. W D Werelng. Chalrman A Myers. VSce Chalr (8ppolnted S Decemb8r 2024) D Mendoro6 OBE DL Ire8lgned 5 Oec8mber 2024) N Zaman D Howill N Welsh S Plckerfll RD8V R Gupla {appolnted 7 January 2025) The senlor management team (SMTI durlng th8 year wero.. R Brooke, Chlef ExecutSve Offlcer K Morri8, 0gv8lopmenl Director J KnSght. Flnance Dlreclor J Proctor, Programme Dlrectcf B Roberts, Head of Insight and Marketing Summary of our Purpose & Aims The Community Foundab'on8 for Lancashire & Mer88yside operate as one independent regislered charity and are part of UK and intemalional movernent of wmmunity foundatiC￿$ that dislrfbute community funding, including via grant- making, faGilitaling and adminisiering community philanthropy, and contributing to achieving positive 80cial change as local communlty leaders. l)ur V15hJn 18 to enrich the Itves of peopte in arKJ around Lancashire and Mer5eyslde and through thprn create unlted, thrfviry and prosperous communltle5. Our Mission 18 to invést funding strategically under charity law that m&8ts Ihe ne8ds of local communitias, placi us as the charlty of choice for philanthropists and fundlng partners, and the prlmary funder for the areas. soclal sector Our Strategy is to understand the need8 of local communities and those who care about those communities (Philanthropists, HNWIS. fafnilies, trusts. public I private I third $8Ctor organisations) to create partnerships lo ensure that the needs of both are met. growlng stronger cornmuniues together. We bring together irKllvlduals. familles. foundatlon5. and businesse5 to buihj better communities and make a differen￿. Our Theory of Change is: 'We help individuals and organlsations give io caus85 that matter to them. wh8re thera ' most need and where it will have greatest Imp8cL Enrichlng kjcal people's Iivos 8nd supportlng the creatlon of united. pnJsperou5 and thrivlng communlb'es." Our Values are: Pride, Transparency, Working Together and Community Leadership. COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES. REPORT 202412025 Annual Revlow Introduction Communty Foundatlon fundlng distdbutlon has taken place In Mgr58yslde since 1999 and In Lancashlre slnce 2007, Invesllng in totsl over £74.6 mllllon in over 16,500 grants to voluntary and communty groups durlng that tlme across Lan¢ashlre and Merseyslde to support communities to b8 prosperous and thrlvlng. Ov•rview of 202412025 In awarding grants from 53 dlfferent funds and foundatlons durfng the year we dlstributed over £3.17m. This Included 600 grdnts to communlty groups and Indlvkluals across Lancashlre and Merseyslde, as well as grants to 34 groups outsSde of our r8gSons. our￿lnt endowment fund stood at £20.8m by March 2025. having begun endowrnent buildlng in 2007 wlth around £130.000. We administered 53 funds and foundation$ in 2024125, worf(ing in collaboration with philanthropists, families. Irusts and ¢omp8nies who a￿ committed to improving local lives. This work indudad administering 11 funds in Lanc8shire. 36 funds in Marseyside. 3 Ihal covered both Lancashire and Mers8yside and 3 which also indudèd areas in the rest of the UK. Th18 includes the funds of Ihe John Goore Charily which CFLM admlnlstrale and audit as a corporate trustee. Thls endowment Investmenl is a slgniflcant contrlbutor to our sustainablllty as well a8 ensuring communlty legacy In Lancashlre and Mers8yside for future generations. Other Slgniflcant Events in 202412025 Challenglng year for endowment bulldlng wlth a sllght dacrease in flow through fundlng Endowment grew by £160K in the year, the main contributor being Marsden Building Society. We Are delighted to advise, however, that significant progress on the potential transfer of circa £25m endowment fund has been made. with the tfustees of the fund agre8lng in prinaFAe at the end of January 2025 to the transfer. A target dats of 30 June was get for it's compl8lion. How through funding thls year was clrca £3.Om. Voior contributors are.. Southport Strong Together Appeal. Svifties Fundraiser for Alder Hey Childrnn's Charity and Soulhport Dance Group Emergency Fund £854,935 (Emergency Response Appe81) Know Your Neighbourhood Fund £604,991 (Public Sector) Youth Efflpowemient Scheme (YES) Fund £494.827 (Publlc SBCtor) LlveTpooI ONE £286,000 (Corporate) Communlty Cashback Fund £100,000 (Publlc Sector) Tbe Mayorfs Fund, Hallon Foundation £38,325 (Individuall A new flow through fund, vthich is a matched funding program, Liv6rpool Care Leavers Fund, working in conjunction with LAMITICCLAJUKCFILord Mayor of Liverpool Richard Kemp and Blue Sky Foundation has been establishèd in Liverpool to assist young care leavers transition into 8du5t life by offering a variety of bursaries, towards education. supported living or achieving their aspifdtion5 etc. CFM has been working with Liverpool Local Authority to identify Indiv￿U81$ who are eligible for the support. Cost of Ilvlng The cost of living crfsis has contlnued to be a major focus this year. In ordgr to asslst front line groups supportlng dlsadvantsged communities we have influenced donors to be flexlble in contributlons to group Gore costs and multl- year funding of prolects. COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES. REPORT Southport Trag¢dy29 Juty 2024 On 291h July 2024, our cornmunily facgd an unlmaginable tragedy when 8 knllg alleck al 8 childfen's dan¢¢ class In Soulhport dalmod the liv&$ of thioe youn9 girls, Allc¢ Sllvo Aguiar, Elsle Dol Slancombg 8nd Beb& ltiftg and injured many otheTS. The Soulhport Slrong Togethar Fund lo68lher wilh Sellon CVS and Sèfton Coun¢il was our collectivè rgsponsè. In the slx months lolkjwing Ihg attack over £8SO,000 was Tri5ed via Southport Strong Together, Swiftie5 Fundraiser for Alder H&y Chiklren's Chgrily and Scwlhport Dance Group Emergency Fund. thanks io the compassion of the 98neral public {nationalty and Intemationally). W8 distrSbuled over £837,000, Providing vitsl fingnclal 8UPPOrt to f8mlle8 dlredy aff8Cted and empoworfng community groups to address local challenge& Our response to Ihg Southport attack was only posslblg Ihrough tho 8lrenglh of partn¢r8hip. By collaborallng wlth nauonal charlli88, tr￿81 organisatlons, 9)vèmment bodios. and fundraisln9 platTorm3, we were able to act swiftly compassionately. Thesa partnership8 trndbled us to dl$lrlbut8 funds qui¢kly, Provide ¢oordinat¢d 8UPPOrt, 8nd ensure th91 the nee¢$ of 8ffeet¢d fafflilie8 We￿ met with rAre, ¢¥lgnity and urg¢ncy. Our CEO. Rao Br¢oke, w8$ Invited to Btt¢nd the Nallonal Emgrgpncles Twsl INEn 5 anniversary ¢¢1obr81ion ovonl. CFLM wera r¢c¢gni8ed there as ¥ ttxtbook trxarnple ol how to rospond lo an emergancy. The CEOS of both Ihe Charfly Comml88lon GoFundM8 ￿51t•d the CFLM offl¢• lo thank the 1&8m dlrÈctly for response ID the Ir8g8dy. Tho leamlng from the res￿￿*e wlll •nabk CFLM to adv18e Other Community Foundailon8 qboul M8pondlng lo ern8r9en¢l88 whon the nged arf8e& CFLMhas produc•d a ropori on our r•SpOn￿ lo the Irag8rJy c8plurlng ihe 8ffecllv8ness of the em8Tgency r•spon$e and pèrtnership work, lo ty& 5harod wlth the board and olhttr partners. Tho roport will bg published one yegr on Irom th• date ol tho Ir8gedy. The Soulhrxjrt Tragady had a dgnlfkanl Impact on th8 CFLM team 83 8 whole. With 8uch 8 hlgh proli18 Bnd 8ensltlv8 app8al CFLM were undar scrullny and th• Sgnior Managemènl Tt8m wèY# almo81 enllrely fc. UCLAN and East Lancs Chamber event& Addltlonal Polnts to notè during thè y•ar We marked 25 years of Con7munity Foundatltsn for Morseyskle. Our Partnèrshlps as a Catalyst for Chan We administered 53 funds and foundations in 2024125, working In collabcffatlon wlth philanthropist8. families, Irusls and companiès who are commilled to impruving local lives. This WO￿ included administering 11 lunds In Lancashirg. 36 funds in M8rsey&de. 3 that cov8ied both Lancashire and Mersey%idg and 3 which also Induded areas In the resl of the UK. As an enabler for Pri￿te change. we sldvg to support thos& thco59 to work with u5 to be offective in theSr giwn9 and to have thè greatest impact. Wo thank all our partners who ¥york with u8 collaborallvely each year for and with communith"e$. COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES. REPORT Working with Phllanthropists and their Families We continue lo work with many busin&ss leaders wllh connections In the North West. facilitstlng Iheir k)cal givlng for communitles, Including Sir Michael Bibby 8nd Slr Tery L88hy. We also work closely with a number of families such as the McQuéèn family for Th8 Mark McQue8n Foundation, thè 8amett family for the Olivia Rae Foundation, Ihe Webster family for the Christal Foundalion, tha Svrtesfteasdale family for the Blue Sky Foundation, th8 Lancasier family for the Lancaster Foundation and the La Fosse famity lor the LF Foundat￿n. Worklng wlth Trusts & Foundations TNsls and Foundations who work with us include the 23 Found81ion, Football fcf Change Found81ion, John Gc*)re Charlty, Lanc8$18r Foundatlon, WO Slr88t Faundallon and the Fort Vale FoundatS0n. Worklng wlth Compani•8 Llverpool ONE Foundation ramalns the bi9gesl corporate foundation hekl with CFLM. At 31 March 2025 thg valu8 of thls fund was £2,870,332. CFLM Continued theff annual work wlth North & Westem Lancashir8 Chamb8r of Commerce on the Be Inspired Business Awards Foundation, linked to the Be Inspir8d Busine88 Awards to recognis8 good corporate citizenship in the county and support loc81 community work and 8nt8rprise. We thank all the companles that ch005e to work In collaboration wlth u5 to support the communbiles In whlch th8y do buslness, Including Hlll Dicklnson, Ralhbones, Llverpool ONE, Evelyn Partners, FPC, Momentum Group and Mar5den Buildlng Society and MHA. The support of our Lancashlre Investors In Cornmunily Is also much appreciated and Include.. Booths, Marsden Building Society, Browsholme Hall, CKS Catéring Equipment. Hathson Drury, James Hall & Co Ltd, MHA Nybble Ltd. Wepa Professlonal UK Ltd (forrnerly Slar Tissu8 UK), Workhou8e, Envirosy8tem5 UK Ltd, Buslnes8 Network, UCLAN, Porsch6 Centré Preston, Fort Vale, IOT Horlzon. Rush Hey, Fln8nclal AffalrB Llmlled, Sonseco, Orca Flnance, Blg Tank. TP Flnancial 8nd PM+M. Unlocklng Dormant and Inactlve Trusts Our work in thls a￿8 continues wlth the backlng of the Charity Commlsslon as a prevgpproved admlnlstration option for trusts and foundations that are Inactive, ineffectlve or dormant. Worklng wlth New Donors and Fund Holdern The Charity Cornrni5slon's endorsement of communlty foundatlons as an alternatlve to registerlng a charlty provides a welcomed endorsement of our vmrk locally and as a UK network of 47 communlty foundations. The Charity Cornmlsslon stales thal Ih15 saves the tlme and effort of settlng up and runnlng a charity then c1051ng 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 Incorne generation and fund development to bring on board npw lund holders involves working wlth existing and new donors withln Lancashire and Mersey3ide who a￿ committed to our local communities. Via research, project vSslts, meeting5, events and communlty funding di5trfbution we have bullt valuable relationships. We secure public sector funding programrnes via lender or pitch processes. in line wSth their requlrements and pollcSes for the dEstrfbution of public funds. We secure contracts to be regional or local agents of funding programmes via our umbrella body, UK Community Foundation5 as Quallty Accredlted Community Foundations. We thank all those people and organisations who have committed to donating and working with us. especially In building endowment funds wlth us, for current and future generallons of communllSes. COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES. REPORT Our Investrnent In Communities We support8d charltles, comNJnity groups, social enterprlses, vulnerable indlvlduals and hous8holds in need to improve the lives of local peopla across a varlety of soclal thémes. Tha success rate for applications in 2024125 was 46%. A breakdown of our overall fundlng approved for distribution to communities is outlined below. Total Funding Lancashir• and Merseysido and othor. £3.17m 46% of applications were approved and of the successful awards: 85 grants were dlstrlbuted Sn Lancashlre 515 grants were distributed in Merseyside 34 grants We￿ distributed across the resl of the UK Average Award Slze Ave￿ge Awar(I Size: £5,003 Lanca8hlre: £4.803 Merseyside: £5,193 Other: £2.852 Fundlng For Lanca8hir8 Fundlng was distrlbuted In Lancashire In 2024125 via 85 awards to community organlsatlons. Our average award slze was £4,803 vthich was a decrease on 2023124 average grant size of £15,641. Funding For Mer8eysld6 Funding was distributed in Merseyside in 2024125 via 515 awards to community organisations. Our average award size was £5,193 which v￿S an increase on 2023124 average granl size of £4.488. We distributed 34 awards in 2024125 outslde of our typical Lan¢ashire and Merseyside area. This was due to our work V•ith donors who wshed to support work in specific areas of the country in addition to their grant-making in Lancashire andlor Merseyside Our Communlty Leadershlp We are committed to our strategic view to undgrstand the needs of local communities and donors and, by creating partnerships and involving donor5. ensure that these needs are met via a wcial change agenda. Our community knowledge is increasing in its importance and further informs many aspects of our work. Our research, highlighting community concerns and priorities, plus our community visit programme and consultation continues to guide giving and our grant-making in Lancashire and Merseyside. COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES. REPORT Our Governance The merger of Community Foundation for L8ncashire and Community Foundation for Merseyside in April 2014 was 8 signfficant mi18Stone. This mergér continues io réap the benefits of èfficiencies. Our Board since the merger bs clearly defined in the following ways: A third representlng Lancashire., A third rep￿Senting Merseyside: A Ihird made up of specialists. such as legal. HR, flnance and grant-maklng. Via thls appr08ch wrStten into our governlng document we are able to maximise our reach. representatlon, expertise and influence acros5 Lancashire and Merseyside. Our Board adopts a business approach In 8 charitsble context to ensure CFLM is on a sustainable pathway and is flt- for-purpose In an ever-changlng economlc and pollcy landscape. Our Flnancial Management & Growth CFLM for the SecOr￿ year operated majorlty publlc funds. comp8red to majorlty private funds In the year before 2020121. The surplus for the year ended 31 March 2025 continu8d to ensure that we s￿ breaking even over B three year perlod. From our current £21.3 mllllon endowmènt funds held, our ambltton18 to reach £24 mllllon by 2025 and £37 million by 2030 for full sustainability. Our current pipeline means these targets will be exceeded. Our endowment funds have been impact8d by ongolng World events: and Ihe recovery of the funds contlnues to be slow. We plan for the excess reserves lo be invested primarily in our growth and for organi58tional iryrovements as finances allow. Our Organlsational Devalopment CFLM operates In an ever changing economlc and polltical landscape. Due to this we work proactlvely to be tit for purpose and relevant to our communities in Lancashire and Merseyside. CFLM has developed in ways to alk)w it to operate switchlng bebNeen malorlty private and Ma￿rity public fundlng. Our organlsation81 structure consists of 13 staff lapprox. 13 fulk-time equivalents). working across th6 functions of Programrne8 (5), Flnance and Opèr8tlons {3). Bu51n888 Developrnent and Leadershlp (5) The commltment and passlon of our staff team is hugely valued as we deliver our gr0￿h, community leadership and legacy agenda. The Senlor Management Team comprises of the Chief Executive, D8velopment Director, Flnance and Operation8 Dlrector, Dlrector of Programs and Head of Marketing and Inslghl. Remuneration levgls are set a￿ordIng to salary bands which have been benchmarked by refe￿nce to other community foundalions within the UK Community Foundation network. Annual performance obJeth88 are set by rgf8r8nce to key performance Indlcators agreed by the Board. COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES. REPORT Key Partnerships CFLM have 'non-donorf r8latlonships vhth many key players. Examples InGlude local borough and distrf aulhorities, central Government and local business groups. including Knowsley Chamber of Commerce, North & Westem Lancashire Chambgr of Commerce and th¢ Liverpool City Region Combined Authority. Also included are our professional advlsors Brabner5, CCLA, Ralhbon8s. Parker Kelly and Mllchell Charlesv•Vrth who have all been appointed (iue to their expertise, Gommitment lo ph4anthropy or corporate social responsibility and being based in the reglon. Nationally we Work svith and are supported by our m8mbership organisation. UK Community Foundatlon8 and exchange best prgcllce wlh colleagues In the n8tK)rk. Our Patron, Presldont. Arnbassadors and Volunteers The Board and Exec particularfy ￿rfsh lo note their appreciallon for tho support of the Comrnunlty Foundallon for Merseyside's Patron, Cherie Blair and our Presidents. Amanda Parker, th& Lord Lieutenant of Lancashire and Mark BlundBII, the Lord Lleulenant of Mersey3Ide, for Ihelr contlnued commitment lo the wr>rk of the ch8rlty. We wish to thonk Edwin Booth ICBE, DL, Executlve Chairman 81 EH 800th & Co Lldl, Moira O'shaunessy {Managlng Partner. FPCI. Bipln Patol (Dlrector, Guldo Security) and Marc McLoughlin (Dlrector. Orca Finance) for their continued support of CFLM. They have been Ambassadors of our vnrk and f8cilitaled our gr￿￿h vla thèir Investment of Um8 and n8tswrk connecllons. During the Southport Strong Tog8lher Appeal, CFLM recalved Inv81u8ble guldance and support from a number of 8gencie8 and we wll b6 forever indebted lo Mhairi Sharp, CEO of Nats'onal Em¢rgenci88 Trust and Gerald Oppenhelm, CEO of the Fundralslng Regulator for thelr Incredlble support and guldance durlng such a dlfflctslt tlme. We are grateful for th8 conlrfbutlon madè by voluntaers are champlons and ambassador5 for our work, including panel members ￿ComMend our communily funding di$lribulion. ￿1 of our panel volunteer8 8re inducted and tralned. and generally conlrlbute up to lour or flve day8 a year to the organisation to help u5 to dislrfbule fundlng effectlvely to communltle8. Tholr Conlrlbullon ol kno￿edg8 and expertlsa Is hugely valued In th Success of our community Investment an¢J in terms of ensuring local kno%￿edge and accounlabllity. A Bpaelal ackn¢)w4edgerngnl lo Mark O'shaunessy h88 SUPPOrted u8 knlth the gathering Df communlty inl8lllgence and insight via visiting groups across Lancashire and Merseysid?. Our Donatlons In-Klnd CFLM has been 8fforded use of an offlc8 by Llyerpool ONE and the Wastmlnsler Fund at 3rd Floor Stanley Buildlng, 43 Hanover Slrget, Llverpool on an Inwkind ba818 88 our maln office for véhich we 8r8 gral8ful. Plannlng for 2025126 onwards Our alms for 2025126 in¢lude the followng KPI8.' achieve a return on investments on a 5% relum bas18, gro￿n9 our endowment fund by at least £1 m 8 year end ambttlously £2 rnlllion a year, improving our use of our dlgital capabilEty and diversifylng our communlty lunding options to meet soclal n88ds. Our Slrateglc Objectives In 2025126 - 2026127 vlll be.. We will be infomied by our community knO￿edg&- We wll enablg social change in our communiUe5 a5 their local cr￿munI1Y loundauon., We will grow philanthropy and Gharilable giving for Lancashire and Merseyside communllios,. We will continue to operate on 2 suslalnable pathway: We will conunue to be a professional. credlble arKI valued charllable entity., We ts%ill work tDgetl*r wth Dlhers for our cornmunities and our network. We NsiS1 monitor our progress quarterfy during 2025126 against 8n annual plan and KPIS and our three ye8r 5tr8tegic alms in a new eGonomlc and polltlcal environment, being Informed and driven by our community knO￿edge. COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES. REPORT Ov•rview of our Governance & Operations The Objects of our Charity The objects of our charity, as set out in the CFLM Memorandum and Artid8s of Association, are the promotion of any charitable purposes for the benefrt of the ￿Mmunity in the United Kingdom but prim8rlly within the following areas= The fve Metropolitan Boroughs pr8S8ntly constituting thé area of the County of Mers8yside namely the Clty of Llverpool and the Metropolltan Boroughs of Wirral, Sefton. Knowsley and St Helens together with the are8 of Hallon Borough Council; The County of Lan¢ashire and the Boroughs of Blackburn with Darwen and BlaGkpool. Slgnlficant Actlvltle$ The maln area of our charitsble actlvlty Is the aw8rdlng of charltable funding vlthln the local community. Thls Is achieved by raising donations from private. public and charitable sources and redistributing them (or the income they generate in the case ol invest8d or end0v￿d funds) as constructive grants to the local community, according to the donors, wishe5. The charity has relativety little unrestricted income that It can use for grent-making. The Board The Board delegat88 respon51bility for the day-to4ay opera￿Onal management of the organizatlon to the Chlef Executive. CFLM is run by a Board of Trustees vthich is responsible for setting the strategic direction of the organisalion, for establishing policy and for maintaining proper governance. It me8t8 quarterly and comprises representatives of andlor experts in the prfvale, publlc and voluntsry sectors. Average trustee attendance 15 85%-90010 wilh absences typically due to holidaylsickness. All truslees have job dascriptions and person sp8cifications. The Board delegatss responsibility to sU￿¢0mMittees. if required due to the Community Foundations, need. Trustee Recruitment, Appointment and Development The trustees are nornally appointed by the membgrs of th8 company and up to one-third of thè trus188s VAII normally retire each year and b8 eligible for re-election at the Annual General Meeting. Trustees can $8rve two tems of three years wilh re-election for each term and a third three ye8r lemi if there is 8 case for the organisation's business plans. No places on the board are reseNed for specific individuals or representatives of part￿JIar organlsatlons,. detalled procedures are in place for the nomlnation end appointment of trustees. Annually the Board assesses the expertise and skills wthin the Board membership and proactively recruits new trusleas v•ith specific experience to ensure a full wmplemerrt of expartise and skills in order to govern the charity and dellver our charitabl8 objectNes for public benefit. All new truste8s are given an induction s8ssion by the Chairman and Chief Exe¢ulive to explain the operation of the charity. Regular training and tailored up4ales for trustees take place to updats them and to ensure they are fully engaged wilh the vxjrk of the Cornmunity Foundations. COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE FOR THE YEAR ENDED 31 MARCH 2025 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 wfi8n reviewing the charitrfs aims and objective5 and in planning it5 futur8 actwities. The charws publlc benefit is assessed on an annual basis by the Board and staff to ensure we arè contlnually improving our performance against our charitable objects, vision, mission and strategic social aims. The charity benefits the publlc by Securlng Income for charltsble programmes and lijnds admlnlstered by us from public and private sector, and then distributin9 this in collaboration with those funders and donars as charitsble funding to support charitable activities In communlties a8 a charitable Intemi8diary. Funding programmes and funds are established. developed, rlecided upon and monitored in line with the social needs and aspirations of the local comfflunities we serv8 which are id8ntrfi8d by Ioc81 community leaders, Subject experts or local donors as well as soclal intelligence. data, research and communlty consuftations. Funding 18 used tovkrd8 (but not restricted to) the folk>wing purpose8. provlded that In each ca8e. th8 purpose 18 recognlsed as belng charltable according to the law of Eng18nd and Wales.. The prevention or relief of poverty; The advancement of educatlon; The advancement of health or the saving of lives,. The advancem8nt of citlZ8nship or community devglopm8nt, which Includes.. rural or urban regeneration and the promotion of civic responsibility. volunteering, the voluntary sector or the 8ffectiveness or efficiency of charities., The advancement of the arts, culture, heritage or 8cl8nce: The advancement of amateur sport,. raci81 harmony, or equality and diversty., The advancement of 8nvironmental protection or improvement: The relief of those In need by reason of youlh. age, ill*ealth, disability, financial haréship or other disadvantage., The promotlon of the efficlancy of the armed forces of the Crovffl; pollce,. flre and rescue s8rvices', or ambulance servlces. Fundlng is not to be used to support the followlng; The advancement of religion,. The advancement of political beliefs or party pofitlcs: Actsviii85 understood to be the exclusiv8 re8ponsibillty of statutory authorftleB,' Retrospgctive funding (1.8. Pa￿n9 for costs incurrod before a decision on an application to CFLM for support can be made)" The funding of any public or private 8ector compensation and l or milig8tion. 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 programrne or fund and which have the necessary systems in place to admlnister a grant. All fundlng appll¢ations are subject to a formal appraisal by our Staff before being p￿sented to Ihe local grant panel, or the donor, for a recommendalion. A scoring system and process is used to guide decisions. All panel or donor recommendation5 are ratlfied by the CFLM'S spnior staff or trustees prior to any offer being made. Funding distributed is reported quarterly to the Board by fund, Ioc81ity and Social theme. Before any funding is distributsd. we ca￿fullY and thoroughly assess the charitsble and public beneffts of the proposed activities. The impact of our communty funding is then reported to funders, donor5. Stakaholders, staff and the Board as a measur8menl of the social impact achl8ved. 10 COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES. REPORT Investment Powers The Charivs Investrnent Powers are prescribed in its Memorandum and Articles of Association. Th8 Board of TrUst￿S has approvéd a document called 'Policies on Fund Managernent and Financial Control,. relating to the management of 811 of its funds and ￿lch includes the strategies for the investsnent of its endowment fund. The purpose of investm8nt in the endovKn8nt fund is to g8n8rate a sustainab18 income for grant4naking and meeting runnlng costs. The organlsatlon has appointsd professlonal Investment managers to manage th8 8ndovnnent. During the year these were managed by CCLA and Investsc. As approved by Board and following a tender process, effective 1 Octob8r 2017 inv8Stments are to bo managed by CCLA for publ1¢ sector funds and charitable trust transfers, and Investec for corporate and indlvldual endowment donations. Investment performance targets are Issued annually to Investment managers; thin a framework of malntslnlng a low to medium risk portfolio. inveslm8nt perfonnanc8 is measured by the board and finance committee. Each manager is required to maintain a d1v8rslf￿d portfolio, with focus on UK and overseas equities. debt instruments and cash,. investment In derivatfves or "hedge fund5. Is not pemiilted wthout the express consent of the trustees. Investment Performance is monrtored by the board on a quarterly basis, using benchmarks such as the Ff AJI stock8 Government Index, the FT All Share Index. the FT World Index (excluding UK) and the IPD Index as NNEII as 8 comparison of the current investment managers, performance V￿th others in the field. Inve8tment performanc8 is reported to Board on a quarterfy basis and revievffjd annualy. For the Community First Endowrnent Challeng8 from 2012 - 2015 CCLA manage8 the funds based on an investment pollcy 8greed by our UK umbrella organis8tlon. UKCFS with 8pproval from our Board. Although not classified as perman8nlly endowed funds, CCLA manag8 funds under a total retum policy, calculating the indexed value of the initial donation on an annual ba818 and enabling withdravRI of surplus over and above this figure to supplement income recelved durfng the year. This method of cathlatlon has been applied slnce commencement of the programme so can be precisety calculatsd by CCLA. During the prevlous year, CFLM beg8n to conduct a review of the Ethlcal Pn)file of our Investment portfolk)s vith our Investment Managers. Each Trustee and member of the SMT were invited to complete the suN8y to establish whether any adjustment needed to b8 made to wher8 our portfokos sat. This process Is still in progress. Our Risk Revlewg Our Board of Trustees undertakes a regular review of the risks thal lh8 organisation fac8S; these are published in fomial Organlsatlonal Rlsk Reglster and are r8POrted in a Charfty Commlssion advised 'heat map, format quarterly to Board. All rlsks identlfied V￿re addressed and mitigated as far as possible during 2024125 and looklng ahead, no identified risks remain un8dd￿sSed. The Risk Assessment is subject to fomial annual review and update by the trustees. vith interim rnonitoring on a quart8dy basis by the senior staff team. The organisath'on also uses a traffic light system to monilor and measure progress ggainst a set of key organisational targets. Progress against tsrget is assessed by the staff team on a monthly basi5 and reported to the Board on a quarterly basis. using a delivery forecast system. COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES. REPORT Our Reserves Pollcy Our Board has continued to endeavour to build and maintain a level of reserves appropriate to its ¢ommitinents over the coming years. However, ttls koen to maxlmlse its charitable obJedlve5 and public benefft. The Board continues to slrive to ensure that reserves of six months running costs are held at any timo as per our policy, in line wilh the Chanty Commission's guidance. Current free g8neral r85erves at the year end of £782,239 are Suff￿lent to cover 9 months of budgeted costs for 2025128. CFLM has built lolnt reseNes as per the pollcy and covered the budgel deficit and core costs joinuy as appropriate for susiainability. especially investment in our community impact. Any r8serves held abov8 the six month policy level are linked to a Reserves Spending Plan, regularly reviewed and approved by the Board to 8UPPOrt CFLM'S development and sustalnablllty. Our Auditor In accordance with the Companls artid98, a resolution prop08ing that Mitchell Chartesworth be reappointed as auditor of the company wll bè put at the AGM. Small Company This report has b8en prepared In accordance Imth provi8ion8 Imthin Part 15 of the Comp8nles Act 2006 88 they relate to smal companles. In approving the Trustees, Annual Report, we glso approve Ihe Str8teglc Report included therein, in our capacity as company dir8Ctors. By Order of the Board Wllllam D War•lng Chair 07 August 2025 12 COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE FOR THE YEAR ENDED 31 MARCH 2025 FINANCIAL REVIEW Funding The Trustees are committed to seeking funding from a V￿de range of sources. ensuring that in￿rne streams are diversified and CFLM is not overly reliant on any single source of funding. Flnanclal Statements The financial statements have been prepared in ac￿rdanCe viith the Companies Act 2006, Charities Act 2011 and FRS102 and comply with the Ch8rities Siatement of Recommended Practice on Accounting. The movement in funds is shown on the Consolidaled Statement of Financial Aciivities. CFLM realised a surplus in its unrestricted funds of £745 (2024: surplus £69.420). CFLM'S total funds (unrestricted funds, restricted immediate impact funds and restricted endowment funds) amounted to £23.274,132 at 31 March 2025 (2024: £24,386,489). The Trustees have passed a totsl retum resolution for pemianent endowments more information is included in nole 13. Reserves Pollcy The r8s&rves of CFLM are composed of restricted, unr8Stricled and 8ndowmant funds. Th888 funds ar8 malntsined at a sufficient level in order to allow Ihe smooth operation of our activits-es. Unrestricted Reseples: The Trustees are committed to building up general reseDies to ensure that the core activities of CFLM will continue into the future. The target is to have a minimum of six mnths, core costs in unrestrlcted reserves - bas8d on our 2025126 budget this V￿uld amount to £488,667. The free general reser4e5 of the Foundation (our unrestricted reserves less our fixed assets) at 31 March 2025 amount to £782,239 (2024.. £784.297). Any surplus 18 invested. Restricted Reser¥es: The restricted funds at the year end were either held in the fomi of cash in bank accounts or investments. Details of investrnents held are shown in note 13. The current level of restrict8d funds. and Ihe ongoing fvnding arrangements relatlng to those funds, 18 sufflclont to maintaln the speclfic projects they relate to. Endowment.. The Board recognl8e8 tho need to grow endowment levels to provide a sustainable source of future income. which is one not afffected by new contracts and funding cycles. Investments Policy Investment policy is reviewed annually by the finance and risk committee and board. in conjunction with review of investment perfomiance. Investment managers retain authority to trade in market securities within the rnandate of retaining a well-diversified portfolio of medium risk. Our policy on fund management and flnancial control Is avallable on request. Commitsnents The Trustees had made no commitments to futur6 capitsl purchases, nor given any guarantees, at the balance sheet date. Willlam D Warelng Chair 07 Augusl 2025 13 COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE FOR THE YEAR ENDED 31 MARCH 2025 STATEMENT OF TRUSTEES. RESPONSIBILITIES COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE 'The truslees (who are also directors of CFLM for the purposes of company law) are responsible for preparing the Trustees, Annual Report including the Strateglc Report and the financial statements In accordance wlth applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Ppcticel. Company law requi￿S the truste88 lo prepare financial Ststements for each financial year. Under company law tha trustees must not approve th8 financlal statem8nts unlass th8y are satlsfled 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: select suitable accounting policies and then apply them consistently,, observe the methods and principles in the Charities SORP 2019 {FRS102)', maka judg&m8nts and estimatas that ar@ reasonable and prudent., state whether applicablo UK Accounting Standard5 have been followed,. prepare the financial statgments on the going concern basis unless it Is inappropriate to presume that the charitable company will continue In operation The trustee5 are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any ts'me the financial position of the charitable company and enable them to ensure that the financial stalements comply with the Companies Act 2006. They are also responsible for safeguarding th8 assets of the charitable company and h8nca for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as each of the Trustees is aware: there is no relevant audit informatlon of whlch the charitable company's auditor are unaware., and the Trustees have taken all steps that they oughl to have taken to make themselves aware of any relevant au¢Jit information and to establlsh that the audltor is 8W8re of that information. The trustees are responsible for the malntenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial staternents may differ from legislation in other jurisdictions. 14 COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE FOR THE YEAR ENDED 31 MARCH 2025 INDEPENDENT AUDITOR'S REPORT TO THE TrUSTEES OF COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE Oplnlon We have audited the flnancial statements of Communlly Foundations for Lancashlre and Merse￿Ide (the 'charitable company) for the year ended 31 March 2025 whSch comprise the consc4idated and parent charitable company Slatsment of Financial Actlvities (the consolidated and parent company summary income and expendllure account), the consolldated and parent charitable company Balance Sheets. the consolldated Cash Flow Stalemenl and notes to the financial statements, including slgnificant accounting policies. The financlal reporting frarnework that has been applied In thelr preparation Is applicable law and Unlted Klngdom Accounting Standards, Indudlng FSnanclal Reporting Standard 102 The Financlal Reporting Standard appllcable In the UK and Republic of Ireland (United Kingdom Generally Accepted Accountlng Pr8Ctlcel. In our opinion the financial st8lements= give a tru& and fair view of th8 stale of the charitable compan￿5 affairs a8 at 31 March 2025, and of its Incornlng r880urc68 and appllcatlon of resources, including its Income and 8xpendlture, for the yaar then 6nded' . have been Proper￿ prepared In accordan¢e wlth UnSted Kingdom Generally Accepted Accountlng Practlce; and - have been prepared In accordance wlth the requlrements of the Compani88 Act 2006. Basis for oplnlon We conducted our audit In accordance wlth Internattonal Standards on Auditlng IUKI (ISAS (UK)) and appllc8ble law. respon8Sbllltleg under those standards are further descrlbed In the auditor responsibllllles for the audSt of the financoal Statements sectlon of our report. We are Independent of the charitable company Sn accordance wlth the ethlcal requlremenls that are relevant to our audlt of the financlal slalemenls In the UK, includlng the FRC'S Ethical Standard, and we have fulfilled our other ethlcal responsibSlltles in accordance wllh these requirements. We belleve that the audSt evldence we have obtained Is sufflclent and appropriate to provide a basls for our oplnlon. Concluslons relatlng to golng concern In auditing lh& financial 81alemenls, we havé concluded that the tru8lee8' uso of the going concern basis of accounting in tho preparallon of th8 financlal stai8m6nls 18 appropriate. 88sed on the work we h8ve performed, w8 have not identsfsed any material uncertainties relating to events or conditions that, individualty or collectively, may casl 5tgnificant doubt on ihe charitable companls ability lo continue as a going conc8m for a p8riod of at least twelve months from when the financi81 slalements are authorised for issue. Our respJnsibiliti98 and the responsibilities of the trustee5 With r88PeCt to going concem are described in th8 relevanl sections of this report. Other Infomiation The other infomiation comprfses the Infomatlon included in the twstees annual report. other than the financSal statements and our aud5torfs report thereon. The trustees are responslble for the other infornallon contained wlthin the annual report. Our oplnion on the financtal statements does not cover the other information and, except to the extent otherwise explicitly stated In our report, we do not express any fomi of assurance conclusion thereon. Our responsibility Is to read the other information and. in doing so. consider whether the other information is materially inix)n5i5tent with the financial 5talements or our knowledge obtained in the course of the audit or otherwise appears to be materially misslated. If we identlfy such material inconsistencles or apparent rnaterlal missiatements. we are requlred to detemilne whethor thls glves rise to a material misstatement in the financlal statements themselves. If. based on the work we have performed, we conclude that there is a material Tll15St*ement of thls other infomauon, we are requlred to rgport that fact. We have nothlrvJ to report in thls regard. 15 COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE FOR THE YEAR ENDED 31 MARCH 2025 INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE Opinion on other matters prescribed by tho Companles Act 2006 In our opinion. based on the work undertaken in the course of the audit: the infomiation given In the trustees, report (incorporating the director5. report) for the financial year for which the financial statements are prepared is consistent with the financial statements,. and the directors, report has been prepared in accordance with applicable legal requirements. Matters on which we ar8 r6qulr6d to r8port by axceptlon 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 misslatements in the directors" report. We have nothing to report in respect of the following matters In relatSon to which CompanSes Act 2006 requlres us to report to you If, in our opinion: 8dequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us., or - the financlal statements ar8 not In agreemant ￿th the accountlng records and returns. or - certain dlsclosures of directors, remuneration specified by law are not mada,. or we have not received all the information and explanations we require for our audit,. R88ponslbllltias of trustees As explained more fully in the TNStees' Responsiblllties Statement set out on page 14, the tru8t&es (who are also the dlrectors of the charitable company for the purposes of company law) are responslbla for Ihg preparation of the financial statements and for being satisfied that they give a true and fair view. and for such internal control as the twstees determine is necessary to enable the preparation of financial statemenls that are free from material misstaternenl, whether due to fraud or error. In p￿parIng the financial statements, the trustees are responsible for as8essing Ihe charitsble company's abllity lo contlnue as a golng concem, disclosing, as applicabla, matters related to golng concern and using the going concern basis of accounting unless the trustees eilher Intend to liquidal8 the charitable company or to cease operations, or have no realislic alternative but to do so. Audltorfs responsibllitles for the audlt of the flnanclal statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from rnaterial 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 ISA5 (UK) will always detect a materlal misstatement when it exlsts. Misstatements can arise from fraud or error and are considered material if. individually or in the aggregate. they could reasonably be expected to influence th8 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 2025 INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE Extent to whlch the audlt was consldered Capable of det8Ctlng Irregularltles, IncludlrwJ fraud Irregularitles, Includlng fraud, are Instance5 of n¢)n-compliance with laws and regulatlons. We design procedures line with our responsibilities, outlin8d above, to detect maierial misstat8ments in respect of irregularities, including fraud. The extent to which our procedures are capable of detectlrwJ Irregularltles, Including fraud is detailed be￿￿. Because of the inherent limliatlons of an audit. thar8 Is a rlsk that W8 will not detect all irregularities, includirvj t￿se leading to a material misstst8ment in the financtal statements or noTrcomplian¢e with regulation. This risk increases the more that compliance with a law or regulation Is removed from the events arKI transadions reflected in financial statements, as we will be lass likely to become aware of instances of rK)Trcompliance. The risk is also greater regardiThJ Irregularitles occurrlng due to fraud rather than error. as fraud Involves Intentional concealment, forg8ry. coIIu8K)n, omission or misrepr8s8ntation W8 identify and as$88S the risks of metsrial misstatement of the financial statements. whethér due to fraud or error. end then design and perfom audit procedures responslve to those risks. Including obtalnlro audit evidence that is sufflclent and approprlate to provlde 8 basis for our oplnlon Idontifylng and assoB8ing pot•ntlal rlsks rolat•d to Irrogularlll• In identifying and assessing risks of materi81 missLqlement in respect of irregularities, includlng fraud and non- complia￿@ with Trav￿ and regulailons, we consider8d the following.. . the nature of the industy and s8Ctor, control envlronment and business performance: . th8 charity's own assessment of the risks th8t Irregularltles may occur elther as a result of fraud or error: the results of our ewuiri8s of management ar￿ members of th8 Board of TruBt888 of their own idenlffication and assessment of the risks of irregularitie5", • any matters we idenlrfied haviry obtained and revSewed the charity's documentation of their policies procedures relatlng to: Idenllfying, evaluating and comptying wlth laws and regulatlons and whether they were aware of any instances of non-compliance. . detecting aNI responding to the risks of fraud and whether they have knowledge of ary actU81, suspected or alleged fraud., and . the intemal controls estsblished to mitwate risks of fraud or non-compliance with laws and regulations., and the matters dk8cussed amoro the audit engagement team regarding how and wher8 fraud might occur in the financlal statements and any potential indicators of fraud. As a result of th8se procedures, we considered the i)pportunities and incentives that may exist within th8 organi&*ion for fraLJd identif￿d the g￿atest potential for fraud in the following areas: (l) The presentation of the charltys Statement of Flnanclal Adrffltles. (11) the charitVs accountlng polky for ra￿nue r8cognilion (iii) tha overstalement of salary and other costs. In common with all audits under ISAS {UK}. wè are also requlred to perform specific procedures to respond to the risk of management overrvje. We also obtained an under5tandiNJ of the legal arKI regulatory framework that the charity operates in, focusing on provisions of those laws and regulations that had a direct effecl on the delermination of fflaterial amounts and dlsclosures in the financlal statements. The key laws and regulat#)ns we considered in this context irKluded th8 UK Companies Act and the Statement of Recomrnended Practice - 'A¢¢ounting a￿1 Reporting by Charities, issued by the joint SORP makirwJ tKJdy . 17 COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE FOR THE YEAR ENDED 31 MARCH 2025 INDEPENDENT AUDrroR'S REpoi¥f TO THE TRUSTEES OF COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE In addttlon. ￿ con31der￿ provlsSons of other laws arKI regulations that do not have a direct effect on the finan￿al slatements bLrt (xjmpliance with vthlch may be fundamental lo the charlly's ability io operate or to avoid a material penalty. These included Data Protection Regulats'ons. AudSt re•pon80 to risks idontified As a result of perfoming the above. w8 identified the presentation of the d)arity's Statement of Financial Activiti88, revenue recognillon and overstatemenl of wages and other costs as the key audit matters related to the pot8ntiaS risk of fraud. The key audit matttts seclion of our report explains the matters in more detail and also describ88 the specific procedures we perfomied in response to those key audit matlers. In addition to the above, our procedures to respond to ri8ks identified included the following: revlewng the flnancial 8tatement d18closures and testSng to 8UPPOrtlng documentation to a88e88 compliance wlth relevant laws and regulations de%ribed above as having a direLt 8ffect on the financial 51atemenls • enquiring of m8nag8ment and members of the Board of Trustees conc6ming actual 8nd potential litigation and claims; peformin8 anatytical procedures to Identlfy any unusual or unexperted relationshlps that may Indlcate risks of materlal mi5StatemÈnt due to fraud,. readin8 minutes of meetln8s of those chargèd with governance and reviewin8 correspondence with relevant authoritie5 where matters Identlfied were 5Lgnlficant; sn addressing the risk of fraud through management overridg of controls. te81ing th8 appropriat8nes8 of joumal entries and other adjustments: 8ssesslng whether the judg8ment8 made In maklng accounting estimalg5 are Indicative of a potential bias,. and evaluating the business r8lionale of any significant transactions that are unusual or outside the normal course of busin8SS. We also communicated relevant iden￿fIed laws and r8gu18tlon8 and potentlal fraud rlsks to all engagement team members and remalned alert to any IndI￿tionS of fraud or nonrycompllance wlth laws aTrJ regulatlons throughout the audit. A further degcrlptlon of our responslbllitles for tho audlt of the financlal statements is located on the Financlal R8POrting Council's website at http:Ilwww.frc.org.ukJauditorsresponsibiliti85. This description forns part of our auditorfs report.. U80 of our report Thi5 report is made 501ely to the ch8ritsble company's members. as a body, in accordance with Chaptsr 3 of Part 16 of the Comp8nies Act 2006. Our audit work has been undertaken so Ihat Wg might slate to th8 charitable company'8 mwnbers those matters we ar8 required to state to them Sn an auditorfs report and for no other purp08e. To the fullest exienl permitted by law, we do not accept or assume resKX)nsibility lo anyone other than the charilable company and the charitable company's members 88 a body for our audit work, for this report, or for the opinion5 we have forrned. lLl£K￿ &LLtfLkn IrtAdLL. ) od Loulse Casoy BA FCA (Senlor Statutory Audltor) For and on behalf of MITCHELL CHARLESWORTH (AUDIT) UMITED Statutory Auditor 14th Floor. The Plaza Old Hall Stroet Liverpool. L3 9QJ Dat?: I JC>iS 18 COMMUNITY FOUNDATIONS FOR LANCASHIREAND MERSEYSIDE CONSOLIDATED AND COMPANY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Noto5 unT￿t￿Cted R•slrl¢t¢d Endowmènt Fund• Funds 2025 2024 Incoming resources InGom• and •ndovn•ntg frorn.. D￿8￿"on& and kg8¢￿$ 150,019 210,000 380.019 555.902 Charitabk acwt 290.577 3.037,729 J,324306 3,406,792 In¥66tments 140.101 330,677 698,778 674,314 Tot•1 29 4387103 4 537 C¢)8 Exp•ndlture on {122302) 132,SUI 1184,7901 1168,1191 Charts￿ actlvlt Grant moKhg I7￿,049) 14,140.6111 14,892,460} 13.989,99SI Tot 1889,0511 14.145,6111 132,58ei iJ,047.2501 14,158.1141 R•all••d yln on InY••tm•nt a•••ts UrY••llx•d Itoul on Inw•trnont ••49ts N•1 InGom•ll•xp•ndltur•l 404.896 753 213 404,898 28e,013 1380 S31 1311,2241 11,107.8821 311969 697 285 379,772 11,039,334) 2,125.43B Trnn*l•r• b•lwean fundi 18QO N•t mow•mqnt In fund• 745 {510,5971 1529,4821 11,039,334) 2.125,43e R•conclll•tlon of fund• Totsl fund• brought forward Tgt•l l￿dI ￿rI￿d lO￿ard 4A 852,025 852 770 2 195.836 1 685 239 21.338,628 20 809 146 24 386 489 23347 155 22.281.051 24.386,489 TM 8t•t•ment ol flngnct91 octm1￿& Includ•8 am g8lrK and ￿￿•& In tho swr. Al Irthmlna roBowc•$ ond r•4Dur&•B eh¥•ThJ8d d•fv• from conllrnil oltha tharlty. Th? rnt•8 on pag98 24 10 41 lom part of Ihesg fnBndal Bt•t•ments. 19 COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE CONSOLIDATED AND COMPANY SUMMARY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Gross Incamo from all sourcBs Le88 endowment Income Total Income Total oxpendlture Less endo¥wnenl expgndllure Tran8far8 Irom endovrnént fundB Not Inmrne for th• y••r 4,387,103 760.677 3.626,428 (5.047.250) 32,588 909.254 478,982 4.637,(4)8 942.8031 3,694.205 (4,158.114) 37,744 792,700 366,535 Th• nots8 on pago• 24 to 41 farm part of th••• IlnAncl•l Atat•m•nts. COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2025 Nolos 2025 2024 Flx•d A55•1• TaMJibie 8&%8ts 1n1anglb￿ a55•ts 1nwstrn￿ts 12 11 13 3.041 67,490 21.408,715 3.778 83.850 21,969,067 21,479.241 22.D36.795 Curr•nt A•••ts DebtorB Cash al b8nk and In h4nd 14 00,571 2248,710 2,329,281 161,420 2.569.012 2.73C,432 cRED￿oR5. amounts 18lkng due wtthkn Dne year N•tCurr•nt Totsl NotAs••ts 36Q 738 1 867 909 23347 1S5 2,349.694 24 386 489 Tho Fund• ofth• Charfty Enth?wmÉnt Fund6 Unrastslcknj Funds Restrlcted FLTrnd5 Tot•1 Charity Fund• 20.609,146 852,770 1 685,23 2334T155 21.338.628 852,025 2,195.836 24 386 489 18 Theqe financ￿1 •lat•manli hw8 b8•n pr•p•red In aC￿rd￿ne0 vAth th• prothvJn8 opplc•blo to companlu •ubl?ctto the *nall c¥)mpankns' reglm•. Approv•d byth• of TN•tso• And iuthorf••d tor IB•u• on 07 Augu•t 2025 YI D W•r•lng G•mpany Numb•r 03422207 Th• no¢•• on pa9•s 14 t• 41 form PArt of th••• financ1￿ 8t•tsm•nt•. 21 COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE COMPANY BALANCE SHEET AS AT 31 MARCH 2025 2026 2024 Flxod A•••ts T￿9*￿e as8Bts lntsn9ibl8 a8sel8 12 11 13 3.041 67A90 21408.71J 3.778 63,950 21,9e9,oe7 21A7•,240 CunntAw•¢• Debtors Cash Bl benk and In hond 22.036,795 14 80,571 2348.710 2,329,201 161,420 2.569,012 2,730,432 CREtxroRS: amount• 18lhg due wahth one year NotCuff•ntA•sets Totsl N•tA8••ts 380 738 1 e67 909 23 347155 2,349,694 24 386 489 Th• Fund• olth• C￿rIty Endowment Funds Unrestrlcied Funds Re81rtetad Fund8 Tot•1 Charlty Fund• 20 10 20MO•.14q 152,770 1,685 239 23347155 21,338,628 52.025 2.195.836 4 386 489 Them fffiancknl 61atarnornt# hava been prepar•d In a¢¢wdanco tho Pro￿8￿n¥ appl*at4b to ¢ompanl81 iutyleGtto tha small ¢ompank•8' r8gkM. Apwov•d by lh• 8o•rd Of Truito•• ond aulhort••d for bMu• on 07Augu•l 21125 W D W•r•lng C•mp•ny Nufflb•r 03422207 Th• not•1 on p•g•• 24 to 41 lorrn part 01th•￿ fin4ncld •i•tsnwnt•. COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE STATEMENT OF CONSOLIDATED CASHFLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2￿24 Cash flow•lrom op•ratlng actl4rftl•s Ngt In op•r•tlnB aCtl4rftl•• 11.220.484) 1609.8421 Cash flDw8lrom Inv••tky •ctl¥lU• In18re5l R8ceNed Cash a(fvaneod from I Itol irw8slmen18 Purcha5B of langitlg 88Set8 Purcha58 of intang*ts a8Bets N•t Gash lu••d Inl Irw•sNrvJ mctlvlll•• 518,019 181.165 (1.4521 493,512 {112.3591 12.1521 315051 Ca4h Il¢w• from fknllnclng •GtI of•yp8ndat40 91￿9￿￿ent Ca4h prtyld•d by fin#ndrt9 •Ctlvth• 411,547 ID•cr••••l Ilrtr•M• In ￿•h •nd cash •quIv•￿nI• kn th• y••r 116,966 C••h and ￿•h •quhl•nts •t th• b•gknnlNJ ofth• y••r 2.fi0gJJ12 2.4S2,OS6 Toi•l C••h •hd ¢•$h •qUI￿r•￿￿ •t tho •NI ￿th• y••r 23 COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 GENERAL INFORMATION The Charity is a registered charity in England and Wales and is a privats company limited by guarantee without share capital, registered in England and Wales under the Companies Act. The address of the principal office is Third Floor. Stanlèy Building, 43 Hanover Street, Liverpool, L130N. ACCOUNTING POUCIES Summary of signlficant accountlng policles and key accountfng estlrnates. These pollcles have been consistently applied to all years presented unless olherwise stated. Basls of pr•paratlon The financial ststements are presented in sterllng ￿lch Is the fijnctional CU￿ncY of the charity and rounded to the nearest pound. The charity conskn'lutes a public benefit entity as defined by FRS 102. The financ￿1 8tatements h8ve been prepared in accordance wlh Accounting and Reporting by Charities: Statement of Recommended Practice applicable to cherities preparing their 8ccounts in accordance with the Financi81 Reporting Stsndard applicable in th8 UK and th8 Republic of Ireland (FRS 102) (effectlve October 20191- Charities SORP IFRS 102), the Financial Reportlng Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. Thg Statement of Financial Activities and Balance Sheet consolidate the financial statements of Th8 Charlty of John Goore (Charlty Reg No 238355) ¥thlch was acqulred on May 2nd 2017. The Comrnunity Foundatlons for Lancashlre and Mer8ey51de meets the deflnilon of a public benefft entrly under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unle85 othenvi88 Stated in the relevant accounting policy notes. Golng concern The trustees are 5atlsfied that the accounts should be prepared on a golng concem basls and have considered this for the period of fv£lve months from the date of approval. 2.3a Incomlng resour¢es Incoming ￿sourceS are induded in the Siatemenl of Financial Activities (SOFA) ￿en thay become receivable. except donation8 and grfts in kind. Donations are included when they are received. Glfts in klnd are v81ued at an estlmate of markel v81ue where thls can be readlly ascertalned. Deferral of income takes place where grants are recelved substantially In advance of the expenditure to it relales. Where grants include a contribution to Costs for dislnbution of restricted funds, thls Is rewgnlsed on dlslrfbutlon of fijnds. Investment retums are drawn In accordance a totsl return pollcy Bnd transferred to restricted funds for distribution. wth an agreed proportion Iransferrod to cover management and administration costs. Income to cover costs for management of the Invested fund5 is recogni8ed vjhen recelved and income to cover costs for dlstrfbutlon of the re5ultlng restricted funds Is recognised on dlstrfbution of those funds. Incorning resources from government funded entili8s are accounted for in the same way as other incomg. 24 COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES {contlnued) 2.3b t>onatod Servlces and Facllltie8 Donated professional services arKI donated facilities a￿ recogni5ed a5 income when the Community Foundation has control over the item, any conditions associated wth the donated item have been met, the recelpt of economic benefit from Its use Is probable and the economlc benefft can be measured reliably. In 8ccordance wth the Charities SORP (FRS 102), the g8neral volunleer time of volunleèrs is not rgcognised and users of these financial statsments should refer to the Trustees. annual report lor more information about their contribution. On receipt donaled professional services and donated facilities are recognised on the basis of the value of the glft to charity whlch is th8 amount the charfty would have béen wllllng to pay to obtaln services or facilities of equivalent economic benefft on the open market" 8 corresponding amount is then recognised in expenditure in thé period of receipt. 2A R•soure•s expended Resources expended are included in the SOFA on the accruals bas15 as a liability Is Incurred, based on work done or services provided in the period. Expenditure includes irrecoverable VAT, and is rep¢Jrted as part of the expendlture to whlch it relgtes. Grants payablo are recognlsed as expandlture whgn the commltment Is made and mnltorlng of previous commitments is complets. Costs of Generatlng Funds Includes the cost of brochures, adv8rt181ng. fundraising and other promotional events designed to increase public awareness of the Foundation, together wth other costs dlrectly attrlbutable to fvndra131ng actlvltles. Charitable expendlture comprises those costs incurred by the charity in the delivery of its aclivilies and servlces for Its beneficSarie3. It Includes costs that can be allocated dlrectly to such a¢tlvltles and those CO8ts of an Indirect nature necessary for the 8clivitie8 of the charity. Govemance costs indude those wsts associated viith rneeting the constitutional and ststutory requirements of the charity and indude costs linked to the strategic rnanagement of the charity. All Costs are 811ocaled between the expenditure categories of Ihe SOFA on a basis designed lo rellect the use of the resource. Costs relating to a particular activity are albjcated 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 2025 ACCOUNTING POLICIES I¢onilnu￿) ranglble ffx8d •ssots Tangiblg fixed assets are slated al coBt les8 arcumulatsd deprgciafjon. Tho colts of mlnor gddiJons or thos9 Costing undgr £500 arg not cupltallaed. D8pr•aalion is provlded to wrlle off the cost of each 8s¥et ovar its e>paGt8d u88ful Ilfe using the following rates and melhod8:_ Ffjxtures and fitting8 Ofllc8 8qulpmBnt 33% stralght Ilne 33% Stralghl ling Impalrmgnl r8vl8ws are c8rrfed oul a8 and when a￿dence comes to Ilghl that th8 recov8rBble arnount of a fundonal f￿d 8Bset Is below Its nel book value due to damaoo, ob8Diescence or other relevant factor. Int•nglblo flxod a8s•ts InlanglblB flxed 8SBets ar8 stat8d al cDsl less accumulat•d depr8cl8lion. Th• r￿St8 of minor gddltion8 or tho80 Co￿ng undèr ES00 are rrf>t capStalleed. Amorti8•Jon l# provlded lo write off the ¢08t ol eaeh a•#1 over Its eweet•d uaeful Ille UBlnG the followlng rates and m•lhod8'.- Web81ts and Solh¥aro do￿lOPment 20% 81ralghl Iln? Flx•d u$•t InvoBtm?nts Inveslmgnts are included al fslr value at lh& balancè sheet dat•. Reallsed g8ins and lossés on inveglmants are calculated as the dIff&￿n¢8 b8twegn Sale proceedg and thelr lair v8lue al the start of the year. or their subsequent ctssi, not ¢f transact￿n costs, ènd 8re chargod or cradl1￿ lo lh• 8talem$nl of Ilnan¢lal aollvS11è5 in tha yèar ol dlsp0881. Unreallsad 98ln8 8nd108s•s repre88nl lh• mov•meni In lalr valu• during th• ￿Ar 8nd arg crodlled or charged lo the 61at¢menl ol financlal ¥¢tivities b8$ed on lh¢ fair value, as ad￿sed by the charity's Investrn8nl managers, al lh¢ yoBr end. All gndgwed lund¥ roc•1￿J arg monag9d In a l¢tsl Investmenl return bRsls. Credltorn and ProvlilDn• Credllor balancos are acc4)vnl•d lor onc• an obligalltsn for payrn&nl8 Is eonlimied. Grant payrn8nt8 re accrued when apprO￿d for 88IUemnl, payments lor 8ervlce conlracts ar• aeerued once th• ¥orvice has begn dslivgred. P•n$lon¥ The cDmpBny conlrfbutes to Indivldual Person81 Penslon policles for115 employe88. Conlribullon5 are charged to the SOFA in the Pgriod to wh5ch Ihey relate. 2.10 Fund accounung Unreslricied funds a￿ Incomlng resourc&s receNablo or genorated for the objects of the charity wllhoul lurth8r speafled purpos* and whlch can b& usod In accortlance with the ch8rilable objects at the discretion of the tw$lfje8. Restricl•d funds ara to b8 used lor specSfic purposès as lald down by ihe donor. Expanditure which meets thtrse crfterfa Is chargèd to the fund. Endowrngnt ltsnds ar¢ h8ld for long term r9lums for Ihe Found81ion. A percentag9 w&lhdrawal from the funds is dislribule¢J ¢¢¢ordance with the wishes ol the origlnal donor. Capital gains or Irjsses ar5sing on the Invèstments form part of the lund. Charges for inv88tment managomgnl and advice are charg8¢J lo the fund as Incuft8d. Incorng earnèd on endowm8nl funds IS transferred lo ￿$In¢la￿ and Ltnresiri¢led funds. COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 INCOMING RESOURCES 2025 2024 Incorno from donations and legacles Endowm8nls Received Sponsorship, Donations and Membership Gifts in kind - Use of offic8 Gifts in klnd- Ratss Gifts In klnd - Other 210.000 63,378 70,000 4.674 11,967 360,019 411.547 56,045 70,000 4,843 13,467 555,902 &2 Incomlng Rèsources from Charltable Actlvltles 1892 Foundation TIA Moore & Smalley 23 Foundation Fund ACC Llverpool Foundatlon Fund Alan Knlghl Foundatlon Fund Anchor Community Connection Fund Bèmie Fleming Aintreo Lung Cancer Fund BHP Billlton Fund BIBAS Foundatlon Fund 819 Local Tnjst Beechwood Fund Big Local TN$t Northwood Fund Blue Sky Foundallon Fund CFLM Dlscretionary Fund Change Llverpool Fund Clean Air Fund Community Cashback Fund DJ Battle Football For Change Fort Vale Foundatlon FPC Foundallon High Sheriff & MerseyBlde Policè Fund Hill Dickinson Fund John Goor8 Trust Fund John LaSng Charllable Trust Fund Know your Nelghbour Fund Lancashire Community Investment Fund Last Choir Singing LCR Caffs Digitsl Inclusion Fund Let's Create Jubilee LF Foundation Fund Liverpool C C Staff Fundraiser for our Cty's Food Banks Liverpool Care Leavers Fund Liverpool Ladi8s Instilution Fund Liverpool ONE FoundalSon Fund Carrled forward 10.429 32,490 13,000 6,250 23,743 14.575 5,80Q 36,666 584 394 14,112 197,702 137,339 7,000 4,233 1,183 74,058 111,000 19,967 335,476 45,500 44,538 17,281 56,153 64,255 2,100 2,000 3,366 2,229 111,000 14) 137,444 50,000 39,592 9,052 26,187 25,000 846,948 22.400 635,400 2,780 25,000 150,500 2,461 91,000 25,000 32,793 6,258 5,000 50,000 10,901 275,000 2,412,417 316,000 1,566,827 27 COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 INCOMING RESOURCE8 (Contd...) 2025 2024 Incomlng ResourGgs from Charltable Activitlos {Contd...) Brought fonyard MerseyBide Community Investment Fund MHA 1892 Foundation Momonlum Foundation Fund MVRP Sports. Arts & Culture Fund NHS Community Partnership Grant Fund Cyfice RelorAllon Fund Preston New Road Community Fund Red Rose Responding Fund RWE Innogy UK Ltd Hameldon Hlll Wlnd Fam Community Fund Southport Strong Together The FrèdMIII Tru6t Fund The Lancashire Womens Fund The Margden Building Society Ch8rrtable Foundation Fund The Mayor's Fund, Halton Foundation The Merseyside Womens Fund UKCF CommunS1188 In Cr1818 Appeal Fund Youth Div8r8ion Fund Youth Empowerm8nt Scheme (YES) Fund 1,566,827 2,500 84,375 233 2,412.417 5.058 rJ,218 250,000 367,&86 73,023 1.031 8.309 14,527 48 15,054 842,894 126,000 3,882 16.381 43.062 9,718 124,000 5,839 23,674 5,776 3,￿0 162.257 3 328 306 3 406 792 Invo•tm•nt incom• Bank and other Interest Investment Income 151,324 547,454 698,T18 145.293 529.021 674,314 Totsl Incomlng roiourc•• 4387 103 4.637.008 28 COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 4 INCOMING RESOURCES {cont....) 4 Comparative Statement of Flnancial Actlvities Unrestricted Funds Restrlctod Funds Endowment Funds 2024 Incoming resources Income and •ndowmont8 from: Donations and legacies 138.393 5,962 411.547 555,902 Charltabl8 actlvitleg 300,398 3,106,394 3.406.792 Investments 143,058 531.256 674.314 Total 3,112.356 942.803 4,837 008 Expendlture On: RalBlng funds Raising funds <130,375) (37,744) 1168.119) Charitable actwitl88 Grant making (744,840) 13.245,155) {3,989,995) Totsl 875 215 3 245,155 37,744 4,158,114 Reallsed galn on Investment assets 286,013 286.013 Unrealised gain on Investment assets 54,995 1,305,536 1,360,531 Nèt incomel(8xpenditurn) Transfers between funds (238,371) (132,799) 484,909 2,496,608 2,125,438 307,791 792,700 Not movement in funds 69,420 352.110 1,703,908 2,125,438 Reconclllation of funds Total fvnds brought fopward Total funds carried fomard 782,605 1.843.726 19,634,720 22,261,051 852 025 2 195 836 21 338 628 24 386 489 29 COMMUNITY FOUNDATK)NS FOR LANc￿HlRE AND MERSEYSIDE NOTES TO THE FINMCIAL STATEMENTS FOR THE YEAR ENDED 31 M*IiCH 202S S TOTAL RE8QURCE8 EXPE1&￿0 Cost of Granl Allo¢allon IAaklng Tot•1 2024 Fund• Colts rad18e8 nth61 Stth cD516 I￿ bakw8nd rth81 Dir￿1 4,141611 4,145,811 8.245.1&fj Dlrert Dlr8cI 215,D68 4.2 393.￿2 8,880 581859 11.760 579,988 11479 105 PuWty*dad￿￿Sln0 O￿esL￿p1￿8 & PPS M8abng co815 Offic* Ind rent Dire£t 11,204 5.513 4,210 84,18D 16.65S 5.316 1.313 storrTine DI￿t 5,513 4.219 84.180 &a¢¢fAmthncyl•B• Tr￿1 15.*)8 15,gJB 17.557 36,994 14208 2.438 14.802 15.766 DirKt 17.557 38,994 14,208 2,4 Staff Tkm¢ Dlrxl Sutocrfpkns nkcharg 33,458 13,112 Staff Tlme Dlwt DI￿1 DlrKI Dlr¥t U4ag R•cruikn8ni 6,268 17A72 412 11,763 2,389 8.886 571 571 911 9,746 8209 911 9.746 6,28P I1￿￿￿1 m•n•gemwl 6,803 DlrKt DIf￿1 32,588 Mart*lrwJ &p￿d￿NY 37.744 48,228 46228 ,384,E175 68A83 2T,078 588,312 5,047.250 4158114 L>J51 504,199 82.113 566,312) 4 892 4eo 6Q47 28¢ Th• abm In[￿19 £86,641 crf d¢mit•J 9ts>JB fry thch ￿ C¢yrfflunhy crrnldqr*ticffl. One• kwJ8 *• dthl Irrffl mewdthlh•rMrhowJ6 laxludlry Grnnlo & In¥wIm￿t mwnwpnl rL•l&l affluunl toE7a2,41012024'. £788,Y051. OIIANT8Aw￿DED AJI und•*•kn bylhèch*ityrtyTh•ni wanln*kn9. Furllw mgd• In th8>Pw￿ b• In Noté l& 30 COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 NET INCOMING RESOURCES Nel IncDming rgsources are stated after ¢harging.' Depreciation AuditoV3 r8muneratlon Audlt 2025 2024 6.289 2.369 15,908 14.802 STAFF COSTS 2025 2024 Wages 8nd salaries Social security costs Other pension costs 486.133 45.812 56.914 588 859 488.211 44,605 47.172 579.988 The number of èmployees recefvlng reuneration lexcludlng employer pens5on c08ts) In excass of £80,000 re.. 2025 2024 £70,000- £80,000 £60,000- £70,000 Total emolumonts paid lo kgy management per80nnel in the podod ￿re £310,010 12024.. £ 260,071). Thg rolBS of the kay perBonn81 vmre a8 lolloths: Chief Executive Development Dlrector & Deputy CEO Flnance Dlreclor Programm8 DlreclDr Head of In81ghl and Marketing The charfty conlrlbulBS to Indlvldu81 Personal Pension policles for all Its 8mployees. The ess8ts of the schemes ar8 h81d separately from those of the Charlty In Independently administered funds. The pen81on haroe of £56,91412024.. £47,172) repf8sentg contributions paid by the Charity lo the funds. There V&tre £355 oustandlng conlrlbutions al 31 March 2025131 March 2024.. £5,460). STAFF NUMBER8 The average numbor of employg0$1oxcludln9 tnJ¥te•s) durlng the year wa8 a8 fullD%￿. 2025 No 2024 No Grant m8klng Cost of ralBlng funds Support To181 full tlrne equlvalen15 13 13 Total staff employed 14 14 10 TAXATION The charity is exempt from tax on income and g8ins falling wlhin Section 505 of The Taxes Act 1988 or Section 252 of The Taxatlon of Charilable Galns Act 1992 to the ext8nt that these are applied to ils charitable objectives. 31 COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 11 INTANGIBLE FIXED ASSETS {GROUP & COMPANY) Software Dev•lopment Cost At 1 April 2024 Additions At 31 March 2025 16,607 6.000 22.607 47.343 1,620 48.963 63,950 7,620 71,570 Depreciatlon At 1 April 2024 Charge for year At 31 MaKh 2025 4,080 4.080 4.080 4.080 Net book valu• At 31 MafGh 2025 At 1 April 2024 16.607 63,950 Duflng tha prevlou8 y8ar UKCF began work on developlng a new Salesforce CRM. at th8 year ènd it hod not yat come in to Use. 12 TANGIBLE FIXED A83ETS (GROUP & COMPAN Flxtur•s & Fltting• Co•t Al 1 Aprfl 2024 Additions Dlsposals At 31 March 2025 Equlpment 1,983 1.452 19,101 21,084 1.452 (2,7131 19,823 (2,7131 16,388 3,435 D•proclatlon At 1 Apnl 2024 Charge for year Disposals At 31 Mar¢h 2025 1,983 15,323 1.705 12.713) 14,315 17.306 2,189 12,713) 16,782 2,467 N•t book value At 31 March 2025 At 1 April 2024 3,778 3,778 COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 13 INVESTMENTS - GROUP & COMPANY IIIVESTMENTS LIK Ilsted Investm•nts 2025 2024 Inv95toc W•alth & Invojstmont Morket value 811 April 2024 Additions Oisp05als ot markel value Rev81uation1Sossl I galn 11,155.844 323,553 1297,6111 1279.7251 10.902,061 116,592 11.018,653 10.551.252 419.925 I347.2(￿) 463,934 11,087,905 67,939 11.155,844 Cash deposits in the UK &Jb tgtsl Inwst•c W•allh & In¥•stm•nt CCLA Commgn Inv••tmont Fund Market v8lue at 1 April 2024 AddilionB Disposals al rn8rket value R$v8lu8tlon IIOSBI I goin 8ub tot•1 CCLA 10.150.67J 160,000 178,8031 1473,4881 9,758,382 9.051.357 257.714 841.602 1Q,150,673 CCLA CFLM DIB¢r•tlonary In¥••lm•nt Market valu• at 1 April 2024 Revaluatlon Il¢&il I galn Clo•lny mark•t ¥•lu• 662,550 130,8701 831.6BO 607.555 54.995 662.550 Total In¥••tmonts 21.408,715 21,989.087 Hl•torfc•l colt 16,741,601 16,634,462 Ll•t•d Inv•stm•nt• UK investments Over5è9s And other Inve5tm8nts Cash d8po81ts 10,057,209 10,523.194 828312 21,408,715 10.627,391 11.098,582 243 114 21,969,oe7 A CCLA and Inv8Stac portfollo totslllng £965,87212024.. £1,003,233) rewegent the 858ets ol th8 Charlty ol Jchn Goore. In the compeny balan¢9 th6s8 havè bagn refiecw 85 An Investment in iubsidiary In accordance wlth the SORP ulrerngnts. Thg INSt￿ ¢onsi¢er in¢lvldual Invegtmenl holdlngs In &xc¢s$ 015% 01 the portfolio value lo bè matori81. No Individual $horeholding$ or Inve$tm8nls are Eon$iéer•d in(Jlvldually lo be material wlth th• rnarkel valu88 and prcportlon of th• portfolS9 shown 81 8131 March 202512024 .. NOMI. Th• Investrn￿lS aw hdd to prowde an Invg8tm8nt retum lo Ihe cth8rlty. Unappll•d tot•1 r•turn raléas•d to Incomo Totsl Endowm•nt At 1 Aprll 2024 Gift Component of Endowrn9nt.. unap￿1￿ tol81 r8lurn Total Endowment 15,385,124 15,385.124 5 953 504 21,338.828 5.953 504 5,953,504 15,385.124 M0￿mOnt$ In the roportlng p•rl¢)d- Glft of expend&ble endowment Investment M8n8oement Fees Oivid#nds and Interest Ftsallsed and Unre81iBed QainslLosses Total 210,000 210,000 132,5881 550.677 348.317 379,772 132,5881 550,677 348,317 169,772 210,000 Unappllod totel return mlEa58d to Incnrne 19Dg.2541 IWg.254) N•1 movom•nts in r•portlng porfod 210.000 If3Y,4821 1529.482) At 31 March 2025 Gift CDmpon6nl of Endowrnent.. Unapp11￿ total retum relea88d lo Income 15,595.124 15,595,124 5.214,022 20,809.146 5.234.022 5.214,022 15,594124 33 The fairvalue of listed Investments 15 detemlned by rfjferen￿ to quot￿ market prlce& COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 14 DEBTORS IGROVP & COMPAPIYI 2025 2￿24 Other debtor Prnpayrnents & accrued Irume 7.099 73.472 80.571 106.911 161.420 15 CRED￿oRS.. arnounts falllng due whhln on8 year {GROUP & COMPANY) 2025 2024 Grant Cred￿r$ other cmdstorB AccN818 Other tax & 8ociBI 88cJJrlty D8feTreil In¢oTne (nots 161 371.140 10,389 23,041 219.449 27,081 47,743 2.507 83,958 380,738 461.372 16 DEFERRED INCOME (GROUP & COMPANYI D8ferred Incom¢ comprises income reCe￿d In advance that Ihg ¢tr*rlty ￿ nol contractually enlU8d to dLglrfbute al 31 March 2025. 2025 2024 Balarth as al 1 Aprll 2024 Afflount r•k888e¢J lo Income eam8d fmm ch•rttgbl• act￿￿8# Amount deferred In yBaT 8018rKe a6 at 31 March 2025 83.958 (54.S831 99.889 150,3921 17 PENSK)N SCHEME The chJrfty apor8tO5 a d8flned ContrtJut￿n pBrnk>n plan for ttB •mpbyo8B. Tho amount re¢ognl88d 88 an In tr perfod was £56,g1412024- £47.1721 COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE NOTES TO THE FINANCiAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 RESTRICTED FUNDS (GROUP & COMPAJIYI Movtment In RoEDUT¢QS Int4xniny OuWing 1 April 2Q24 Tr•nsf•r8 31 kl*ch 2D25 1892 FounOth"mTIA K*xYe& Smdley 23 F￿￿1bOn 9.176 28.593 11,440 6,750 18,0621 183,6731 12,0001 42.242 29.4TT 1¢639 Ai8n Knight F￿￿kIlL￿ FLmd IdTtrJoe Fr￿dat￿ ShwTruBI Fund Am and RAyTrAFswF￿ndthn ernlE Flemhg Lung c￿cerFOU￿d￿kn BHP 8111t￿ F￿￿ Be Ins￿r￿ Busln8uo A¥￿5 F￿n￿8￿C 47,166 30,646 2,678 17.987 18,591 183.489 32,113 133.4731 114,3901 12,0781 112,5001 118,4201 1217,4311 134.5691 179,2151 6.912 20.605 163S6 347 10.728 lQ162 47.43B Bl9 TnJBI U8 Sty Fu Cd16 ClwrfthTrwt Fund CFLM DiscrdkThyFund Chong8 LW Fund Chrt8ld FrAKthlIC￿ Rthwue Fu￿￿ chrfy￿neArn Cloan AkFLnd CcmnwityCuhb•c* Fund DJ Fwnt E￿yTh Partnern Mornfy7ld•Ch•MthK8 IfLYw*Tlln•y In%wtrnent M8na9wII F¥r Fts)ttr4 lorch Fort Vdo Foundthi FPC FoLmdaIC￿ Fond G¢Y&8Bwk TNII 1.ge2 52,e87 1,761 3.371 31,592 475 663 1,B81 2,962 2.051 16.4621 4524 4042 128,ODOI 27,99 18.374 278 12.&)5 15.1081 1W.IXIC* 11328B) 11002ni 112,ecoi 2,081 22,051 24.132 654,673 44,000 42,999 99,031 44.0Tr) 37,812 1395.2121 144,0001 142,5001 314492 44.000 37.111 11.0001 287 CknborEIC¢rNm 35.281 1.078 4,753 112,6661 ,700 1311 Hvllm FL¥)d Hdtcn Wldn85 Fw ler MqBJtyTnoauew PhUnumJubll•o FuTrJ Hbah ShBrlN & Pc4k•Fund Hll Olcklr￿¢￿ FuTrJ HunW & Pam8rs Waohh & InbwtrrwtFth Jckn trthu Fund Jckn Gc*yeTru8t Fund Jthn L*ng Chwllrt4•TnJ•t Fund Joseph Fur Kn(w Your N49m￿ Fund Kn￿* Fwndth Froa Curm Fw Kn￿lry Fwnd4ion Fund Kn￿kn wlih Rwwar Dl¥trw FhywTlmJgh F L•￿h*oCcffjrnUnty In*4&fvtFw¢ L￿hin Fk*7d Fund (Gwal Lmshlro Ftr￿J Fund (Lar￿ash*o) coshirv Fkcé thrnyFund L•iwtew Cemnwnty FuTrJ L￿CaSt￿ F￿Jnd8ICm Fund La&tChc4r CfynmunityFuNI Leahy Fryjndakn FuThJ LF FouThY8lon Fund C c slav Fun￿￿ Irx ourCIW8 F¢￿￿ B8nkB CA￿Le￿5 Fund Latke5 lrwtrfullc￿ F￿ Liwcxy ONE cl￿or￿na￿ Cc6ts LlwtyA ONE CYPMW F￿r￿rnrnET￿J LiwrKI ONE CYPPIW Re5lliv￿ceTrgnlng Fur Llwcd ONE Fwndabw Furyl Tennis Fund ieoBI 315 4,182 21,177 3,710 8,056 24,119 P8,6881 152,0501 14880 8,9B7 2,231 1,e57 123J $.941 4Q) 24,146 400 31.986 303 14021 17,YOO 56 22,321 112,4191 122.0161 14,8011 1587.6911 17.245 2.27T .991 1.378 3.821 2.98fj 3,177 30,ye1 9,445 17,191 1.387 534 4355 1644 17,4521 8.125 30m1 9.443 17.1B1 P.7621 158.6471 117,3201 155,0001 168,3431 15,6271 I49￿95) 11,8tXJI 17.9701 (105.￿) 11.8201 P04.4411 1.366 5&847 25,951 .031 89.608 22.038 &627 50.000 1,750 21,420 105,2e8 3,819 87.102 106 113,4501 11.9991 34.636 286.ryj 1.936.511 1,378.991 P.455.9371 346,752 1.206M17 25 COMMUNrfY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 RE8TRI¢TED FUN08 Icontd...) IORfAp&coMPAPffj lA0v￿n1Tht in R•8our Out90ino 1 Aprf12024 Tr•n•f•r¥ 31 Al•rGh 2025 B•lMc• br(￿ght lorwnrd ark MttQu88n F￿n￿lI"0n ICcffikn"n•dl Furh4 1,936,511 1,378,991 12,455,937) 113,1451 112,0001 111.8991 346,752 23,069 2.045 9.754 1.20V17 10.021 1,930 Mer9eyBkli Cunmunlty lA￿tIrE￿I Fund MHA 1892 F￿ndIti IAJa Fund KI￿￿nIuM Found4br OftFc6 Rek¢aUL￿ Fu ClI￿a R8è F(￿n¢*IC￿ Fund PeLI Poth SOO Fund Pendk BuTr8ry Fvn Rolld C¢Jnmunlty 8￿1111 Fund Prc¥r8•8 H￿singA880c￿hyn knmllod Fund R•J R65pondlng Fund RrAB6End4kn Cmmunlty Fund Rc•¥ltqr Fwnd•lbn Fund Rwni & Rllhi Fund RWE Inntray UK Ltd Hamekkn Hlll Sertc￿ MBC Educdon & Learning Fund MBC Fund Shop Dlrq¢t Fun 8ryAhwt stmng Trgqth•r StChthWor6 Tru81 Fund Wintsr Lonc4Jhlr8 SuTh4b4NJ Winter Th• FrgdMIII Truit Fund Th•L8nea1hlrnw￿OnP Fund Tha Marnden Bulhllng 8rKI8tyChllrllqblo Fwndat Tho Fund, FryJndaW The MtrwoldéWonwn8 Fund ThoWlTrJ* Utd CharftyFund WO Str* Lgnco8hlrp Fund WO Stfe8t Mor¥￿Ide Fund Yojth 01b*r4￿n Fund Ywth EmpMrmrtSchem• TrESI Fund Other Fund• A4,375 37S 11M52 tll•3 71023 1204 ¢141 121 24125 27,420 140,OLk)I 1,734 205 73,023 295 3,255 975 4,042 32,065 11,610 2,809 4347 11.XQl 1,174 4,079 13.9301 120,6481 43 17.aooi 110.SgBI 10,598 4,399 67,SlJJ 19.e05 23,115 1,371 13,685 120,2491 14041 3.6D2 230 1,470 82,077 24,201 I2￿) eoB,111 IB37.0911 12,5WI 110.6941 1,246 4007 117,500 3.417 14.415 3B,32S 8,612 1111,f841 13.8661 129,7951 11,6tb)I 15.ODDI 817 123 25.110 13,4C4 24139 34725 173 3,857 12,2761 135.0161 110,1071 2.870 lo.￿1 1767 14.7901 5,103 4N.827 IYJO,0101 14.006 2.185,836 14.005 1.e852Ji 3,031.729 14,145,e11 697.2815 Fun¢* b8kn¢¢• gr•ntB race1￿￿?10r Ih•tt•ty *J dIBtrI￿ In a¢Wd￿¢• wmh th• t•iM and con¢llvw of dthjr. 8danM• on t￿l￿nI* rÈpr••qnl U￿￿￿t￿but•j funda h•bY In the b8nk •¢wJnt Al Funds •valKryble. tL¥Éfvar%•fth th8 crflth•, ap￿le￿n prrxwi w• ¢n Irw￿.￿11￿Jnthuc(L￿￿k Ind wMy.cfm￿S•5￿I8Ths.U￿ Nr*A 28 the 2rynwrallv8 mowmqnl rnaW¢￿1und1. 19 UNRESTRICTED FUNOS (GROUP& COMPANfi Mov•Tn•nt In R•wurc•B In¢omlng Qy¢goJng o]ng I Wl 2024 31 M•Y¢h2025 Tr•n•f•r• UnreBtriGt•J funtlu 281099 COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 20 ENI)OWMENT FUNDS (GROUP & COMPANY) Aat Movemant In R8sources Outgolng and Ttan•hrB Incofflln Gaim I 31 March 2025 Pmnent endwient EwdAN8 1,252,591 20,086,037 33.659 727,018 135,9491 1906,8931 157,5781 IM.7391 348.317 1,192,723 19,616A23 20 809 146 1 *prll 2024 IrMmirvJ Ouigoing and Galm I 31 March 2024 ILo8Ke•l P•rman•nt •ndowfft•nt: Rc888nddeComrnunlty Fund Seftffi MBC Edu¢*on & Le8nlng Tnjsl 4 OthBr Fund5 Th•Cfiarty ofJthn Gm 171.524 163.OTJ 219.189 678,8S6 4,649 4,978 5.568 18.463 16,9391 14,9781 15,5Bg1 118,4631 17,ae11 18,5271 19,5411 131,6291 181.353 174,496 209.848 147,226 Exp•ndablB •ndowm•rt.' 23 Fojndatb AbJridg8 FwndéI￿ CF End￿ment 1.226.$58 85.495 $41,766 303,090 1.645,516 116.680 21,9)7 981,988 647,185 1B,994 22,494 30.fyJ2 1,781 14,734 7.413 40.258 3.173 535 24.144 17,506 165,5981 13,917 13.0521 125,2421 3,440 18,672 15,4351 249 11.IOT 129,4851 1,204.881 82,443 516,524 297,734 1,816.955 111,226 21.519 971,731 603,812 18,994 21, 114.7341 116,2091 187.4911 13,1ni BHP &'llit( 8bJ• Sky Foundqtk• End￿lM￿l Fund CFLM 018cr8tlcnBry CF Endwrn￿t CFLM Gener4 Endtywmenl Chdjlal FwTrJotlcr Evdyn P8rtn8rn M8r48yBid• Chorltsblo EndoMm8nl F￿d Jthn GcorB Trust Endowment R8Jerve Grf5e Bank Trust CF Endlwmenl Hdtcffj F(￿nd￿C￿. Hakon ChEmber of cr￿marca CF EndThM￿t FuTrJ Hdtcffl Ftyjnd￿lM. Knlght5 HuJ5e Chwlly Erthmont F￿nd￿tIc￿ Trust Transfw Fund Fthffldatl￿ Widn85 Educotim Endtyvmènl Fund Hlgh Sheriffs Bnd M$riwldo PolicaTru81 Hill Dicking￿ FauThdallc Huntby & Pdrnw5 Expendrtjli End(A￿￿nI Fund InwbI￿ Wfr*th & Inv8&tM￿l Endrywment GcLfe Trubt Jceeph HBrloy Énd¢Mn8nl Krth¥Eloy F￿ndItI￿ Frad Curr8n End[￿MOnt Fund Know81ty Fthlndatlc￿ Ganeral End￿ment Fund L￿￿hIre Cornrnunty InTrMtrnent CF End￿ment Fun Lanc4shlr• Cunrnunty Inv881rn8nt Endtrwfflent L•ncashlra Generd EnLINment Lanc451tr Ctynmunity End￿￿ment Fund LancaBler FoLmd* Loahy FthndAtion L1wp￿4 Ladkn8 Imtmuliw Endwm8nl Flmd LlVwp￿￿oNE F(xJndatlon Moth Mc¢￿￿ FwThJalion Combin M•JicBSh CF end[￿Ment Mgdiwh E￿a￿￿B￿l Fun M8rseyBidp Ct)nmuthly InvoBim•ni MJB Fund Mcfflerthim Foundatknn End¢￿Tn￿nI Fund 01￿8 CF Endrywrn￿l OthBr EndThvmEnt Fun¢$ PEel Endowrrent Pendle Music Bursary- RLrth Suttcr CF End￿mEnt Pro3r885 H￿BIng A8$(x18t￿ Ltd End0￿me￿I Fund Rumi and FI5hl Fund The Fl(¢8118r Farnily Fund Sefton M8C Arthur Tafv Fund EndwrfinEnt se￿ Mec EduNlkyal Tru$t Fund End(hymenl ShLV Direct CF End￿￿ent Sl Chri51ry)hers Tnjst EndtrNrn8nt Th8 C4L8 Charftatde Trust The Marsden Bulldlng Scuety Chorttobb Fodnddon The Windle Un￿1 Fund WO Stred L￿r4¥h￿e wo stré& M8r8wBbJe 45.8061 131,3941 812 ie121 11.04BI 34,424 473.852 167,480 24,509 626,330 S42.920 81961 46.805 324.378 19361 112,8821 14,6551 1887) 129.6531 11,6041 (22,Q681 17,8031 3?,820 461,804 109.677 23,367 611,034 $20,243 61.845 45.978 12,8B2 4,555 16,720 14.518 11,3631 12D,0491 716 531 3.681 730 13.12DI 11,9361 14001 58 2.020 438 152,0011 128,7561 1,135 49,6941 7,397 1731 13,3711 12,5031 117.3471 13,4411 11.B271 1,145 7,934 1,574 1,827 1,130 63,203 64,034 39,611 194 1031 174.860 37, 1,079.759 1.15e,610 .267 1870,332 67,163 41,547 8,594 6.121 178,006 38.575 1.175.685 1.200,Bg0 B9.976 2.910,336 651.739 1,574 57.207 12341 12731 19,6201 12,0831 175.8201 145.D021 15,2901 1115,8B31 134,8551 1431 13,0591 115.3531 138,3761 14601 19561 126 4.354 31,685 31.376 1446 125,574 15.941 43 1.399 8.170 20,27 323 1.501 56,196 317,310 70B.678 13,045 33.531 13,117 18161 11.5231 147 11,8391 808.301 13,035 35.170 13,117 33,178 319.724 282.060 344,709 299.419 6.507 35.612 115,213 612.%9 137.438 725.431 223,415 1.133,054 226614 21 338 628 812 8,69S 6,899 9.375 7.324 159 870 3,133 16,308 3,696 111.964 6.07e 27.715 11.7741 16.6951 115,0841 19.3751 116.D131 13481 376 114,8971 3.201 116,0611 3.398 74 4c6 15.36BI 128.207) 16.3641 138,947) 110.4091 12.859 304.027 277.076 294.12B 35,179 109.845 667,662 129.074 846,484 213,006 1.113,096 13,1331 133.0081 15,6961 121.9641 16,0761 160,5321 12.167 1941,W21 Y8.3tn 20 609 146 COMMUNITY FOUNDATIONS FOR LANCK8HIRE AND MERSEYSIDE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 21 A￿V$1$ tr 14ET ASSETS 8E7WEEN FUNDS IGRQJP & CthMPANYI 2025 unrE5trKt•J EThJrAvm¢nt Restricted Td F￿ed a&iets 70,331 InYe5tmffjts 71Q1151 20M92.SJ4 75,739 116,592 2,056,3 2,241710 Oth¢Y rAJrrwt I￿till￿o$ 01684 852,770 4S3.824 23,274.132 20,809.140 1.68S239 unr8strlcted Endpwrner Fl•str￿1 Tol•l Fly*d a868ts 67.728 67,728 Investm￿t? 898.378 21.270,689 21.9B9,067 13S,788 67.939 2.385.285 2,569.012 Olhw cumt Ikgblilkn 49.869 852,025 169.449 2,195,836 219318 24.386.489 RecoNCIUAIIQW OF NET IEXPENDITUAEI TO hlET CA8H FLI)W FROM OPERATrIQ ACTivrrEs 2025 2024 Nel l•4i•vJltw•l trthe s*ar Dxrwdlln¢rns81 In dgbt Incre88oIIDwAellwl kn cr•Sktys OO￿at 11,388,238> 1428,1651 1115,9701 169,8761 2.389 1609.8421 10,834 6,268 11.220,4041 23 TRUSTEES. LYPENSE8 Notru8laaB hwe rernuntraUEffl. Travd w•r• pafvJ tD Ih8fd* TfUBlew.' ur Rthrt$ £NII12024. £1861 dym £NII12024. £2551 £18812024- £321 £23012024- £491 £6512024- £Nil) Rul Dev NaBlmB Zaman 24 RELATED PARTY TR￿sAcTIONs Ms D Hrnwtt. a twstee, 15 Pkce StrtsJy Dlreclllr ai Lfveiprd One wjho have 1n.kind Dffire prgmise5 to ￿n￿￿tilln slnce Jwary 2011, knClUd￿ In theye acwjnts at a £70,QQO 12024.. £70,OODI durkng th8 ye4r. ￿¥•F4)j ONE d50 don¥taJ funds to ccrfrlbute ID rat In¢AJdwJ ￿ th860 of £4,674 12Q24.. 4,8431. £9.145 12024.. £11,018> elxtrfcty Jnd £2,822 12024.. E2,4491 t(*Mts tdephrfft r05ts. ONE he4a endth¥menl and mslricLEAI fuNl6 wlth ts I￿￿110t4*). The ONE ￿d￿ment fund waa valu&Y 81 £2,870,332 a& at 31 March 2025. Th• fund generated t125,57412024.. £123.1001 durtng the year, d wh￿h E42.55512024.. E41,1671 donated iowwds Ih¢ ¢ug ¢rf CFLM. wlth the bthc8 tr8n5fwr8d lu dkBlr1bul'on thrryjgh thdr re5tr1¢i&J hjnd. CFLM rece￿¢¥1 *JdIll￿al don811iw$ to the LIv8￿tr￿ ONE fund Ing £75,000 P024'. £100.0001 from the We5tmlnslÈr Foun¢Jatlcffl £300,000 12024.. £200,000) frrm Gr05V8nor Iwllh £50,000 12024.. £S0,tIMI d that amount being IransferrgJ tc the L￿arpl￿ ONE ItxJt*lBl4Y end(thrnBnii. Tlt8 L￿¢￿¢cl ONE funds £29,968 Ihroughwi 202412512024.. £258.2151. Dueto a change in the grart8 d￿￿lL￿MakIng dth. Ihe fund h4d a budget frx grgnt$ at 31 March 2025 or 98,[￿0. Mr R Gupw a tru&¢e•, Is Mantylw D￿r￿kn of ￿b￿le Umw sI￿e Ns awclnim8nl cn 7 JanuBry 2125 CFLM hB5 p8ld Nybbb LIMW £1.848 for IT swviw. 25 C(XITINGENT LLlBIL￿E$ The reslnctwy fund baL4nGes forwarf at 31 MBrch 2025 ropre56nl funds to Ihe timing of the rECeiPt of grant th*r dislritxrtNM. The cr￿diti￿5 attaching to th& funding str02ms ￿ such that thè bthnc85 fepr&s￿l Incon￿ for thB yBBr 88 dori￿1 in th? Charrt*¥ SORP. 26 POST BALANCE BHEEf EVEPffi8 On 10 July 2025 CFLM ¢￿p￿t￿j ttte tru51 ￿sfer rf Fllkiryiffj Clwb85 FuTrJ. The v8lu8 of Ihe fund 81 ihe of tr￿fer w* E28,038,754. 27 MEMBERS LIA81LirY The ch•iy 8 prlvata compsny lim1￿ ty uuar8ni* and ¢[Th￿U8Th[ty h8V8 Sharo wii81. Tha membErs are labk lo conlrfbuie cl£1 w¢h tThYwd8 the assets ofthe chartty In thew8nt ofth¢ belng up. COMMUNITY FOUNDATIONS FOR LANCASHIRE AND MERSEYSIDE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 COMPARATNE RÉSWTED FUNDS IGR¢JUP & COMPANY) Mo¥•mnt ￿ Ro•ourco8 kncomlng Oulgolng Galn¥ & Tran•f•rn 31 Alorch 2024 1 W120YJ 1852 Foundation TIA M¢x*e & Smdloy 23 Fwndat*Jn ACC FOundBu￿ Fund Fojndati Affred Sha* Tru8t Fund Anchor Community c￿￿￿tion Fund Ann 8nd Ray Mes$er F¢￿ndatIC Bem￿ Antreg Lung C#ne•r F•Jrnd•b BHP BIlit￿ Fund Bo In6pr&J 8usinB55 Aw¥é8 Foundation Blg LC￿81 Tru$1 Ig Tru*t Nr*thwr#Jd BluB Sky FI￿ndat￿ Fund Br*gobuldw FwndBIiDn Cd18 ¢￿tab￿TrUst Fun CFLM 015GreUonary Fund ChwvJe Llvwp￿l (fo￿￿￿ HLThe Str*t Hcmèl Fund Chriltd FoundBIIDn R￿Au& Fund Chrl$lln8 Ann Foundllkn Cl8wn Ar Fund CaBbbuGk Fund OJ Batd8 E¥•nl E¥etyn PArt[￿8 Mwaeyslde ch&r￿able Furnj Frpjtbal lor Change F¢Jt Vg4e FC￿nd￿lhn FPC Found8llDn Fund GcTre 8or* Trttht Found•tKfi HBkan Chvrnber of Cunmercè Hdt￿ F￿Jn￿o￿'m- Kn&hts Hlton F￿ndatI¢M Fund Hdton FtyJnd8tlon W￿ne3 Edu¢8tton Fund Ml08ty Th8 Quoon Plotinurn Jubl8B Fur*1 Hlgh sher￿[& Mws•y8ld• Pc4kn0 Fund Hlll Dkkln8fm HunW& Pdmw5 Fund In¥aste£ WeaNh & Inv•Atrn￿t Fund JapBne50 T6un8mi FuTrl JOI￿ Gc•ye IDken5 Fund Jthn Goxe Tru￿ Fund Jthn CharttAbknTruBt Fund J￿eph H*lay Fund Kffow Ytyjr Naghbwr Fund Foundatiw Fr¢Q ¢urrBn Fl8v•nu• Fund KnovAlry Foundatkn Fund l