REGISTERED COMPANY NUMBER: 03410730 {England and Wales) REGIsfERED CHARrrY NUMBER: 1069538 R•port of th• Trt•e1 Ind Flnanclal Statements for the Y•ar End¢d 31 Marth 2024 for Nottlngham•hlr• Communlty Foundatlon
Nottingham8hlre Comffiunlty Foundatlon Contents of the Flnandal Stat¢ments for the year ended 31 March 2024 Page Report of the Trustees Ito7 Report of the Independent Audlto 8tolO Statement olFlnanclal Actlvltles iito12 Balance Sheet 13 Casfj Flow Statement 14tolS Notes to thé Flnanclal Statements 16to28
Nottlngham$hlr¢ Communlty Foundatlon Report of the Trust¢¢$ for th• year endad 31 March 2024 The trustees who are also dlrectors of the charlty for the purposes of the Companies Att 2006, present thelr report with the financial statements of the charlty for the year ended 31 March 2024. The trustees have adopted the provislons of Accountlng and Reporting by Charities: Statement of Recommended Practi applicable to charities preparlng thelr accounts In accordan with the Flnanclal Reportlng Standard appllcable In the UK and Republic of Ireland (FRS 102) (effettive l January 2019). 08JeCTIVES AND ACTivrriES The Charlty's obJe¢tlves are to promote good health and soclal condltlons amongst all communbtles wlthln the county of Nottlnghamshlre by way of managed grdnt schemes. NCF ha5 a detalled understèndlng of local Issue5 and as a result Is able to make consldered and well-targeted grants that have a real Impact on local communltles. The Trustees confirm that they have referred to the guldance contalned In the Charlty Commisslon's general gUIdan on publlc beneflt when revlewlng the Charlty's alms and objectlves and In plannlng and settlng the grant maklng pollcy for the year. The Charlty a150 offers a cost effettlve way for donors and other funders to make a long-term dIfferen to those causes whlch they wlsh to support. NCF adheres to the Code of Fundralslng practlce as set out by the Fundralslng Regulator UK. Purpo The Communlty Foundatlon's operètlonal purpose Is to be the Foundatlon of Its communlty.. nurturfng phllanthropy, engaglng partners and bulldlng a culture of glvlng to benefit Its area now and for generatlons to come. To do thls, the Commun6ty Foundatlon provldes., phllanthropy adv1 and glvlng optlons for Indlvlduals, famllles, buslne$ses and trusts. fundlng and 5UPPOrt for voluntary organlsatlons and Indlvlduals. and communlty leadershlp uslng the knowledge generated through Its work. Vlslon Nottlnghamshlre Communlty Foundatlon Is the maln broker for local phllanthropy and provldes grants to tackle dlsadvantage and enhance quallty of Ilfe In the clty and county. The vlslonls to strengthen the thlrd sector by asslstlng In sustalnlng and growlng the great work dellvered by small communlty groups and local charltles In the Clty and County, NCF alms to work wlth donors and partners to bulld the capaclty of the 'not for proflt, sector by enabllng the sustalnablllty and development of effectlve servlces and project5, NCF helps those who want to glve, to do so efflclently and effectlvely by maxlmlslng thelr donatlons, mlnlmlslng the c05t of admlnlstratlon and matchlng accurately the donor's crlterla wlth local need. Publlc Benefit The Communlty Foundatlon exlsts and operates for the publlc beneflt. Through Its grant-maklng It works to Improve the communlty, In partlcular, but not excluslvely, In Nottlngham clty and Nottlnghamshlre. The Trustees conflmi that they have referred to the guldance produced by the Charlty Commlsslon on publlc beneflt when vIeWIng the Charlty's alms and objectlves and In plannlng future actlvltles and grant- maklng and are satisfled that it meets the requlrements. Strat¢gl¢ Prlorltles To generate new donor funds, legacles, endowments, and flow through funds. To grow local glvlng; To secure new contracts for grant funds, phllanthropy advlce and trust adminlstratlon; • To provide excellent ServIS for donor5; • To malntaln operational excellence and be self-5U5taining; To Increase the proflle of NCF; To maintain an exemplary level of governance. • To focus our grant maklng around the United Nations Sustalnable Development Goals. The 5 we are
worklng wlth are: No Poverty
Good Health & Wellbeing Reduced Inequallties Sustalnable Cities & Communltles Clirnate Actlon NCF has Identlfled securlng new fund developments as a prlorlty and has B target to dellver more grant funds for charitable trusts, private companles, families and the publlc sertor. Geographlcal priorltles for the oryanisation remaln countywide Including the Clty of Nottlngham wlth partlcular reference to areas of nelghbovrhood deprlvation and those wlthin rural communlties. The Board remains commltted to a phllosophy of enabling change through grant maklng and enterprfse support to Increase communlty reslllence to these tlmes of change. Grant maklng Strateglc Phllanthropy is our way of brlnglng about change for the better. The means are provlded by the generoslty of our donors and other funders who entrust NCF wlth managlng thelr funds. It, therefore, has a duty to ensure grants are made after careful assessment, that they meet prlorlty needs and that people wlth detailed local knowledge contribute to declslon-making to ensure that grants achleve thelr alms. Our local strateglc needs analysls Is avallable upon request and It has Identlfied prlorltles coverlng the followlng themes: Mental Health, Eldedy, Young people and Community coheslon. P•rform•nc¢ NCF approved 116 grants totalllng £570,927 to groups durlng the year. The majorlty of grants are for amounts of up to £5,000 and a almed at provldln9 prartlcal support to voluntary and communlty groups and to the soclal enterprlse sector. NCF Is supported by a number of communlty champlons vilth local knowledge and Intelllgence to asslst wlth dedslon maklng on flow through and endowed fvnd$. Monltorfng grants spend Is dellvered accordlng to each grant contrart, wlth most funds wantlng an update on spend up annually. In order to Identlfy and prevent flnanclal Irregularltyi NCF malntslns Informatlon on all reclplent groups, shares Infomiatlon wlth other grant maklng ljodles and key stakeholders. Fund D•velopm•n( M•rk•tlng and Communlcatlon The goal Is to e$tabllsh effectlve, targeted methods of reachlng key audlences to ralse awareness of NCF, the value and Importance of local glvlng, the benefit of glvlng through our ,fe hands, and the funds that a avallable. The strateglc alm Is to achleve all thls through a comblnatlon of campalgns, networklngi and worklng wlth partners to ensure that all communltles hear about and can acce55 our support and beneflt from grant ald. Flnan¢lal R•vl•w The Statement of Flnanclal Actlvltles (SOFA), set out on page 11 Is deslgned to reflect all Incomlng resource5 1Vable In the year Irrespectlve of when Income Is spent. Gr055 Income decreased by £260,397 to £540,499 Includlng £10,431 of endowments. Charltsble expendlture decreased by £210,055 to £724,356. Net expendlture for the year amounted to £25,337. Flnanclally: Income totalled £540,500 (2023: £800,896} of whlch", Income generated through voluntary donatlons and grants were £467,931 (2023: £742,087) Expendlture on generatlng fund5 totalled £0 (2023: £547} Expendlture on charftable activities totalled £724,356 {2023: £934,411)
Nottlnyhamshire Communlty Foundation Report of the Trust••g for thé y•ar ¢nd¢d 31 Marth 2024 Free Reserv Free re5erve5 available for use by the Charfty are deemed to be those that are readlly reallsabk. less funds whose uses are restricted or deslgnated for particular purposes. The calculatlon thus excludes flxed assets that will contlnue to be used In the day-to-day running of the Charlty. As a matter of pollcyi each year the Trustees revlew the value of the reserve5 requlred to be held In Investments, cash and cash equlvalents not restrlcted to any partlcular purpose. The Board conslders the Charlty's exposure to the rlsk of any slgnlficant1055 of Income, and to the rlse of unforeseen expendlture, whlch cannot be mltlgated by executlve artlon and the degree of rfsk ascrlbed to each such event Is assessed. Budgetary and financlal control contlnues to be Improved In order to reduce the rlsk of over-expendlture and to mltlgate the effect of a drop In Income In any one flnanclal year. It Is not the Charfty's pollcy to embark on any major Inltlatlve wlthout commltted fundlng. The present target range for free reserves Is a mlnlmum of slx months operatlonal costs as per charlty commisslon guldellnes. Inv¢•tm•nt poll •nd P•rfornianc• The Foundatlon conslders It essentlal, for the purposes of the effectlve control ènd monltorlng of Its Investment management actlvltles, for the reduttlon of the rfsk of fraud or error, and for the pursult of optlmum performance, that these artlvltles are structured and managed In a fully Integrated manner and that there Is at all tlmes a darlty of Investment management responslbllltles. The prlnclple on whlch thls wlll be based Is a clear dlstlnctlon between th05e charged wlth settlng Investment management pollcies and those charged wlth Implementlng and controlllng these pollcles, partlcularly wlth regard to the executlon and transmlsslon of funds, the recordlng and admlnlsterlng of Investment management declslons and the audlt and revlew of the Investment management functlon. RZSK MANAGEMENT The Trustees assess buslness rlsks through monltorlng our rlsk reglster and Implementlng rlsk management strategle5 as approprlate. The reglster covers the five key area5 of finance, personnel, premlses, governance and reputatlon. Thls Involves Identlfylng the types of rlsks the Charlty faces under eath area, prforltlzlng them In temis of potentlal Impact and Ilkellhood of occurrence, and Identlfylng means of mltlgatlng the rlsks. As part of thls process the Trustees have revlewed the adequacy of the Charity's current internal controls and deslgnated responsibillty of the tasks to either a member of the Board of Trustees or a member of the management team. The Chlef Executlve Identlfles and alerts the Trustees to any potentlal rlsk and reports on thls at Board of Trustee5' meetlngs as part of a standlng 'Chlef Executlve Report. agenda Item. In addltlon the Board of Trustees have: set pollcle5 on Internal controls whlch cover the followlng: consideratlon of the types of r15ks the Charlty faces; the level of rfsks they regard as acttptable. the Ilkellhood of the rlsks concerned materSallzlng', the Charlty's ablllty to redu the Incldence and Impact on the organlzatlon of rlsks that do materlallze and the costs of operatlng partlcular controls relatlve to the benefits obtslned. Included ProdureS for reportlng falllngs Immedlately to approprlate levels of management and to the Board of Trustees, together wlth detalls of correctlve actlon belng undertaken. PLANS FOR THE FUTURE The Trustees belleve that the Charlty has a sound flnanclal basls upon whlch to bulld for the future and contlnues to strengthen the Charity's campalgnlng to develop ex15tlng ser4lces and seek out new opportunitle5 In Ilne wlth the Charity's alms and obJective5.
Nottlnghamshire Community Foundatlon Report of the Tru8toas for the y¢ar ended 31 March 2024 srRucfuRE. GOVERNANCE AND MANAGEMENT The charfty Is controlled by its govemlng document. a deed of trust, and constltutes a Ilmlted companyi Ilmlted by guarantee, as deflned by the Companies Act 2006. The Charlty Is governed by Its Memorandum and Artlcles ofA550clatlon, adopted 28th July 1997, amended 22nd December 2006 and last amended on 16th Aprll 2015. The Charlty's objectlves are to promote 9ood health and soclal condltlons amongst all communltles wlthln the County of Nottinghamshlre by way of managed grant schemes. It offers a cost effectlve way for donors to make a long-term dlfference to those causes In whlch they have a personal Interest and wlsh to support. NCF has a detailed understandlng of local Issues and as a result Is able to make consldered and well- targeted grants that have a 81 Impact on local communltles. NCF adheres to the Code of Fundralslng practlce as set out by the Fundralslng Regulator UK. All Trustees glve of thelr tlme freely and no trustee remuneratlon was pald In the year. Detalls of trustee expenses and related party transactlons are dlsclosed In notes to the flnanclal statements. Trustees are qulred to dlsclose all relevant Intere5t5 and reglster them wlth the Chlef Executlve and In accordance wlth the Charlty's pollcy withdraw from declslons where a confllct of Interest arlses. The Board of Trustees Is responslble for the overall governance of the Charlty. The Trustees are elther elected by the member5 or co-opted by the Trustees. One thlrd of Trustees shall retlre bt each Annual General Meetlng and new Trustees duly appolnted. An effectlve partnershlp betsveen the Trustees and staff Is a key contrlbutlng factor to the ongolng development and SUC$$ of the Foundatlon Trustees are requlred to meet at least four tlmes each year, Includlng the AGM, at whlch the Trustees revlew overall strategy* set operatln9 plans and budgets, and revlew the ongolng operatlonal and Investment performance of the Charlty Includlng the admlnlstratlve systems, HR management, reports on grants made and thelr assoclated statlstlcal relevance, budgets and Investment perfomance, revlews of budgetary requlrements and planned allocatlon of budgets for the followlng year and flnanclal regulatlons. All new Trustee5 recelve an Indu¢tlon pack contalnlng all the relevant Informatlon regardlng the strurture, legalltles and operatlonal runnlng of the Charlty and Its work for effectlve and Informed declslon maklng. Trustee tralnlng sesslons are held at least once per year for the whole Board Incarporatlng strateglc revlews; other se5slons a ttanged as necessary for any other speclflc purposes. NCF has been awarded the Communlty Foundatlon Network's quallty accredltatlon whlch slgnlfies the hlgh standard that the oryanlsatlon has achleved and demonstrates that It has the approprlate skllls, systems and procedures In place,
Nottinghamshlre Communlty Foundation Report of the Trustees for th¢ year ended 31 March 2024 Audlt Commlttee The Audlt Commlttee comprise5 of a maxlmum of four members of which at least two must be Trustees of the Foundation. The Committee is appointed at a full meeting of the Bgard of Trustee5. The present mernbers of the commlttee are Lynn Betts and Kevin Prlce. Ruth Warren attends a5 repre5entlng NCF as the flnance officer. The Audlt Commlttee Is responsible for ensurlng that the Internal control system5, Includlng audltin9 actlvltles, are effectlve and proper operatlonal procedures are In place. The Audlt commlttee meets on a needs-led basls to revlew flnanclal due dlllgence Including, Internal flnanclal protocols and procedures, Investment portfollo, endowment management performance and free reserves. Chlef Executlve The Chlef Executlve Is Spon$5b1e for the day-to-day management of the Charity's affairs and for Implementlng pollcles agreed by the Board of Trustees. Employ•es NCF alms to be an organlsatlon that employees enjoy worklng for and where they feel supported and able to develop. Employees are kept fully Informed about Its strategy ond objectives, as well as day-to-day new5 and event5, Regular Informatlon about the organlsatlon Is avallable through meetln9s, and all employees are encouraged to dlscuss and glve thelr suggestlons and vlew5 on performance and strategy. The Charlty SUPPOrts equal opportunltles. A polScy of recrultment and promotlon on the basls of aptitude and ablllty without dlscrlmlnatlon Is followed. NCF as a Charlty pursues both the employment of dlsabled people whenever a sultèble vacancy arlses and the contlnued employrnent and retralnlng of employees should they become dlsabled whllst employed by the organlsatlon. The Charoty Is commltted to the tralnlngl career development and promotlon of all employees. Tralnlng prograrnmes are provlded to meet any ongolng needs, wlth the alm of developlng employees for both thelr current and thelr future roles. Penslon• The Charlty operates a Group Personal Pension Plan through Peoples Penslon, membershlp of which Ss not compulsory but to whlch all employees, are encouraged to Joln unless they already have thelr own plan set up. The Charlty makes a contribution of 5% of gross salary and employees, contrlbutions are at least to the same level.
Nottlnghamshlre Community Foundation Report of the Trustees for the year ended 31 March 2024 REFERENCE AND ADMINZSTRATIVE DEfAILS Reglstered Company number 03410730 {England and Wales) Reglst¢red Charlty number 1069538 Reg15tered offlce Ash House Ransom Wood Buslness Park Southwell Road West Mansfleld Nottlnghamshlre NG21 OHJ Trustees Paddy Tipping Chair Nlcky Weston DL- Vlce Chalr Lynn Bett5 - Treasurer Kevln Prlce Lady Diana Meale Heather R Parker Mark Goldby DL Kevln Hyland Nadeem Raza Robert Moyle stuart Ross Appolnted 7111123 Chlef Executlve Nina Dauban Audltors Clayton & B Wl1 statutory Audltors and Chartered Accountants Cawley House 149-155 Canal Street Nottlngham Nottinghamshlre NGI 7HR Nottlnghamshlre Communlty Foundatlon
Report of the Trustees for the year ended 31 March 2024 STATEMENT OF TRUSTEES. RESPONSIBILITIES The tru5tee5 (who are also the dlrectors of Nottlnghamshlre Communlty Foundatlon for the purposes of company law) are responslble for preparin9 the Report of the Trustees and the financial statements In accordance with appllcable law and Unlted Klngdom A¢countlng Standards {Unlted Klngdom Generally Accepted Arcountlng Practlce). Company law requlres the trustees to prepare finandal statements for each flnanclal year whlch give a true and falr vlew of the 5tste of affairs of the charftable company and of the Incomlng resources and appllcation of resour$, Including the Income and expendlture, of the charltable company for that perlod. In preparlng those financlal statements, the trustees are requlred to select sultable accountlng pollcles and then apply them conslstently; observe the methods and prlnclples In the Charlty SORP; make Judgements and estlmates that are asonable and prudent. prepare the flnanclal statements on the golng concern basls unles5 It Is Inapproprlate to presume that the charitable company wlll contlnue In buslness. The trustees ère responslble for keeplng proper Jccountlng records whlch dlsclose wlth reasonable accuracy at any tlme the flnanclal p051tlon of the charltable company and to enable them to ensure that the flnanclal statements comply wlth the Companles Art 2006. They are also respon51ble for safeguardlng the assets of the charltable company and hen for taklng reasonable steps for the preventlon and detectlon of fraud and other Irregularities. In so far as the trustees are aware: there Is no relevant audlt Informatlon of whlch the charltsble company's audltors are unaware. and the trustee5 have taken all steps that they ought to have taken to make themselves aware of any relevant audlt Inforniatlon and to establlsh that the )udltors are aware of that Informatlon. AUDrroRS The audltors, Clayton & Brewlll, wlll be proposed for re-appolntment at the forthcomlng Annual General Meetlng. Approved by order of the boerd of trustees on ..S....IL.ki Z.q................... and slgned on Its behalf by: S i) npplng - Chalr
Report of the Independent Audltors to the M•mbers of Nottlnghamshlre Communlty Foundation Oplnlon We have audlted the flnanclal statements of Nottlnghamshlre Community Fountjatlon (the 'charitable company,) for the year ended 31 March 2024 which comprise the Statement of Flnanclal Actlvltles, the Balan Sheet, the Cash Flow Statement and notes to the financial statement5, Includlng a summary of slgnlflcant accounting policles. The flnanclaS reportlng framework that has been applied In their preparation Is applicable law and Unlted Klngdom Accountlng Standards {Unlted Klngdom Generally Accepted Accounting Practice). In our oplnlon the flnanclal ststements: glve a true and falr vlew of the state of the charftable company's affalrs as at 31 March 2024 and of Its Incomlng resources and appllcatlon of resour$, Includlng Its result, for the year then ended; have been property prepared In accordance wlth Unlted Klngdom Generally Accepted Accountlng pract1. and have been prepared In accordance wlth the requlrements of the Companles Att 2006. BaslA for oplnlon We conducted our audlt In accordance wlth Intematlonal Standards on Audltlng (UK) (ISAS (UK)) and appllcable law. Our responslbllltles under those standards are further descdbed In the Audltors. responsiblllties for the audlt of the financlal statements settlon of our report. We are Independent of the charltable company In accordance wlth the ethlcal requlrements that are relevant to our audlt of the flnanclal statements In the UK, Includlng the FRCS Ethlcal Standard, and we have fulfllled our other ethlcal responslbllltles In accordance wlth these requlrements. We belleve that the audlt evldence we have obtalned Is sufflclent and approprlate to provlde a basls for our oplnlon. Con¢lu8lon• r•latlng to golng con¢•rn We have nothlng to report In respect of the followlng matters In rdatlon to whlch the ISAS (UK) requlre us to report to you were.. the trustees, use of the golng concem basls of accountlng In the preparatlon of the flnancSal statements Is not appropdate; or the trustees have not dlsclosed In the flnanclal statements any Identlfled material uncertalntles that may cast slgnlflcant doubt about the Charltable company's ablllty to contlnue to adopt the golng concern basls of accountlng for a perlod of at least twelve months from the date when the flnandal statements are authorlsed for Issue. other Informatlon The trustees are responslble for the other Informatlon. The other Informatlon comprlses the Informatlon Included In the Annual Report, other than the flnanclal statements and our Report of the Independent Audltors thereon. Our Oplnlon on the flnanclal statements does not cover the other Informatlon and, except to the extent otherwlse expllcltly stated In our report, we do not express any forni of assurance concluslon thereon. In ¢onnectlon wlth our audlt of the flnanclal 5tstements, our responslblllty Is to ad the other Informatlon and, In dolng so, conslder whether the other Infomiatlon Is materlally Inconslstent wlth the financlal statements or our knowledge obtalned In the audlt or otherwlse appear5 to be materlally mlsstated, If we Identlfy such materlal Incon51stencles or apparent materlal mlsstatements, we are requlred to determlne whether there Is a material mlsstatement In the financlal statements or a materlal mlsstatement of the other Informatlon. If, based on the work we have performed, we conclude that there 15 a matertal mlsstatement of thls other Inforrnatlon, we are requlred to report that fact. We have nothlng to report In thls regard. Oplnlon$ on oth•r matters prescrlbed by the Companles Art 2006 In our opinlon, based on the wort< undertaken In the course of the audit: the Infomiatlon glven In the Report of the Trustees for the financlal year for whlch the flnanclal ststements are prepared Is conslstent wlth the flnanclal statements. and the Report of the Trustees has been prepared In accordance with appllcable legal requlrements.
Report of the Independent Auditors to the Members of Nottlnghamshlre Community Foundatlon M•tt•r8 on whlch we are requlred to report by exeeptlon In the light of the knowledge and understanding of the charitable company and Its environment obtalned In the course of the audlt, we have not identified material misstatements In the Report of the Trustee5. We have nothing to report in respect of the followln9 matters where the Companle5 Act 2006 requlres us to report to you If, In our oplnlon.. adequate accountSng COrdS have not been kept or retums adequate for our audlt have not been received from branches not v151ted by us; or the flnanclal statements are not in agreement wlth the accountlng records and retums. or certaln dlsclosures of tru5tees' remuneratlon speclfled by law are not made. or we have not recelved all the informatlon and explanatlons we requlre for our audlt. or the trustees were not entltled to take advantage of the small companles exemptlon from the requlrement to prepare a Strateglc Report or Sn preparlng the Report of the Trustees. Responslbllltlas of tru•t••$ As explained more fully In the Statement of Trustees. Responslbllities, the trustees (who are also the dlrectors of the charltable company for the purposes of company law) are responslble for the preparatlon of the flnandal statements and for belng satlsfied that they glve a true and falr vlew, and for such Internal control as the trustees determlne Is necessary to enable the pparatIon of flnanclal statements that are free from materlal mlsstatement, whether due to fraud or error. In prepadng the financlal Statements, the trustees are responslble for assesslng the charltable company's ablllty to contlnue as a golng concern, dlscloslng, as appllcable, matter5 related to golng concern and uslng the golng concern basls of accountlng unless the trustees elther Intend to Ilquldate the charbtable company or to cease operatlons, or have no reallstlc altematlve but to do so. Our respon$lbllltle¥ for th• audlt of th¢ flnanrlal ¥tat•ments Our objertlves are to obtaln reasonable assurance about whether the flnanclal statements a5 a whole are free from materlal mlsstatement, whether due to fraud or error, and to Issue a Report of the Independent Audltors that Includes our oplnlon. Reasonable assurance Is a hlgh level of assurance, but Is not a guarantee that an audlt conducted In accordance wlth ISAS (UK) wlll always detett a materlal mlsstatement when It exlsts. Mlsstatements can arlse from fraud or error and are consldered materlal If, Indlvldually or In the aqgregate, they could reasonably be expected to Influence the economlc declslons of users tsken on the basls of these flnanclal statements. Irregularftles, Includlng fraud, are Instsnces of non-compllantt wlth laws and regulatlons. We deslgn procedures In Ilne wlth our responslbllltles, outllned above, to detert materfal mlsststements In respect of Irregularltles, Includlng fraud. The extent to whlch our procedures are capable of detectlng Irregulorltles, Indudlng fraud Is detjlled below.. Enqulry of management and those charged wlth governance around actual and potentlal Iltlgatlon and dalms; Reviewlng mlnutes of meetlngs of those charged wlth governance. Revlewlng flnanclal statement dlsclosures and testlng to supportlng documentatlon to assess compllance wlth appllcable laws and regulatlons,. Performlng audlt work over the rlsk of management overrlde of contro15, Includlng testlng of Journal entrles and other adjustments for approprlateness, evaluatlng the business ratlonale of signlflcant transartlons outslde the normal course of buslness and revlewlng accountlng estlmates for blas. A further descrlptlon of our responslbllltles for the audlt of the flnanclal statements Is located on the Flnanclal Reportlng Councll's webslte at www.frc.ory.uklaudltorsresponsibllltles, Thls descrlptlon forms part of our Report of the Independent Audltors.
Report of the Independent Audltors to the Members of Nottlnghamshire Community Foundatlon Use of our report Thls report is made solely to the charltable company's members, as a body, In accordance wSth Chapter 3 of Part 16 of the Companies Act 2006. Our audlt work has been undertaken so that we might state to the tharltsble company's members those matters we are requlred to state to them In an auditors. report and for no other purpose. To the fullest extent perniltted by law, we do not accept or assume responslbllity to anyone other than the charitable company and the charltable company's members as a body, for our audlt work, for thls report, or for the opinions we have formed. Douglas Perry FCA (Senlor Statutory Audltor) for and on behalf of Clayton & Brewlll statutory Audltors and Chartered Accountants Cawley House 149-155 Canal Street Nottlngham Nottlnghamshlre NGI 7HR -l* Date: io
Nottlnghamshlre Communlty Foundatlon Statement of Flnanclal Artivities for the year ended 31 March 2024 Iiot•s Funds FndS Funds Totsl 2024 FurMIs Funds T1 2023 Incoffllno r•sour¢49 fromg•n•rol•dlJndg: Donatron$ & L•g•d•¥ 36.775 120.916 20,594 271.185 23384 49.205 10.431 170.152 291.779 72,569 51.578 278.840 21.140 376.011 11.933 46.076 14.518 3M,936 397.151 58,809 Irp4•skn•Dts 80 735 449 33fj 31 51 R•sourc•i•xp•nd•d: Raislngfvnds Charfl8ty1è adMtt•s 258 57.4b3 UO.S1¢ 547 934.411 67213 616ABO S3 724351 30.382 Totsl r•JoUWc •xwnd•d MtyemBntth fvnd8 Net9alns Uog9•glon Inveslm•nts R•a115•d Loss8$ 24, 1183.8561 158119 3&6 122,1531 1134.0621 1$5.0801 1502331 (23,212) 23. 21.388 1187,2441 (4 .13 137.153 8.91 (1,1471 (10,5481 {11664) {138.8191 N•tlnc0meh¥pendra 44M (187,2441 97,021 (25237) 14215 (151,483) r172391 (213,5071 TislerS b•trwo•n fvnds 11 1276,8531 278,853 45.690 145.690 N•1 mty•m•ntln lunds 44,086 1444.097) 373,874 12S.337} 15.215 {105.793J 11219291 1213,5071 Tothl F¥nd8 brouLthllon¥4rd •11$llpAI 2023 357.151 983 29e 3 124849 341936 1089.089 1907 131 3 338 156 Tolal carrt•d1oThVa at )1 kla 20Z4 199 158 76 12 98) 96 1704 202 J 124 049 Th•i•w•f• no r•¢4gnl#•d galn$ orloJ5•s lorlh• 11•19T•¢¢lknQy•ar thrthanlho8• Indu0 In the $tstem•nl Offind¢ll acthlJos. l op•1•0n* •r• c4nVNlng. li
Nottlnghamshlre Communlty Foundotlon Summary in¢om¢ and Expenditure Account At 31 March 2024 2024 2023 Gross Incomé 457,500 727,569 Operatlng Expendlture 673,793 898,287 Operatlng deficlvsurplus (216,293) (170,718) Other Incom• Income from Shares In listed companles 57,557 54,415 Inte$t recelvable and similar income Retalned deflclvsurplus for flnanclal year before transfers from endowments 139 386 108 955 Transfers from endowments to restrlcted funds (276,853) 45,690 Transfers from endowments to unrestrScted funds Defldvsurplus for flnanclal year after transfers from endowments 416 239 The income and expendlture account Is derlved from the statement of activitles whlch together wlth the notes provlde full Informatlon on the movement of the funds durlng the year. 12
Nottlnghamshlre Communlty Foundatlon REGISTERED COMPANY NUMBER: 03410730 Balance Sheet At 31 March 2024 Not•8 2024 2023 Flxed Assets Tanglble assets Investments 38.778 2,224,351 39,234 1,811,332 2,263,129 1,850,566 Current assets• Debtors Deposlts and cash at bank 2,910 20,429 850 260 853,170 1 277 358 1.297,789 Credltors: amounts falllng due wlthln on• y•ar Net current auet• 836, 183 1 274,083 Net assets 3 099 312 3 124 649 Income funds: Unrestrlcted 402,037 357,151 Restrlcted 539,199 983,296 Endowment 2,158.076 1,784,202 3 099 312 3 124 649 These financlal statements were approved by the Board of Trustees on were slgned on Its behalf by: and S P Tlppl g - Chalr 13
Nottlnghamshlre Communlty Foundation Cash Flow Ststement for tho y•ar •nded 31 March 2024 2024 2023 Not•• Cash flows from operating activitles: Cash generated from operatlons 255 597 334 569 Net cash used In oporatlng actlvltles 255,597 334 569 Cash flow from Inv•$tlng actlvltles: Purchase of tanglble flxed assets Proceeds from the sale of Investments Purthase of Investments Dlvldends and Inte$t from investrnents 52,000 (306,500) 532,420 (502,538) Net cash used In Investlng artlvltleg ..(181 931 Cash flows from flnanclng actlvltles: Income attrlbutable to endowments Net cash u$¢d In flnancln9 actlvltl•s Change In cash and cash equlvalents In the reportlng perlod (427,098) (231,360) Cash and cash equlvalents at the beglnnlng of the reportlng perlod 1,277,358 1,508,718 Cash and cash equlvalents at the end of the reportlng perlod 850,260 1,277,358 14
Nottlnghamshirn Community Foundation Cash Flow Statement for the year ended 31 March 2024 Reconclllatlon of Net Incorn• to N•t Cash Flow from Operatlng Actlvlti•• 2024 2023 Net income for the reportlng perlod (as per the statement of flnancljl activltles) {25,337) (213,507) Adjustments for: (Galn)/losses on Investments DepreclatSon charged Dlvldends and Interest from Investments Income attrlbutable to endowment (In¢rease)Idecrease In debtors Increase/(decrease) In credltors (158,519) 79,445 456 354 (72,569) (58,809) (10,431) (14,518) 17,521 (13,341) 114 193 N•t cajh provld•d by (u••d In) op•r•tlng actlvltles 255 597 334 569 Anal16 of Ca•h and Ca•h equlvaléntl 2024 2023 Cash In hand 644,472 1,076,059 Notlce deposlts 205 788 201299 Total c•Ah and cash equlv•lents 850 260 1 277 358 15
Nottlnghamshlrn Communlty Foundation Notes to the Flnandal Statements for th• year ended 31 March 2024 Accountln9 Pollc1•8 Basls of preparlng the flnanclal statements The financlal ststements of the charltable company, whlch Is a pvbllc beneflt entlty under FRS 102. have been prepared In accordan wlth the Charitles SORP (FRS 102) 'Accountlng and Reportlng by Charitles.. Statement of Recommended Prartice applicable to charities preparlng thelr accounts In accordantt wlth the Flnancial Reportlng Standard applicable In the UK and Republlc of Ireland (FRS 102) (effectlve l January 2015),, Flnandal Reportlng Standard 102 'The Flnanclal Reportlng Standard appllcable In the UK and Republlc of Ireland,, the and the Companles Art 2006. The financlal statements have been prepared under the hlstorlcal cost convention wSth the exceptlon of Investments whlch are Included at market value. In¢om• All Income Is recognlsed In the Statement of Flnanclal Actlvlties once the charlty has entitlement to the funds, Itls probable that the Income wlll be recelved and the amount can be measured rellably. The followlng speclflc pollcles are applled to partlcular categorles of Income.. Voluntary Income Is recelved by way of grants, donatlons and glfts and Is Included In full In the statement of flnanclal actlvltles when recelvable. Grants where entitlement Is not condltlonal on the dellvery of a speclflc perfomance by the Charlty, are recogn15ed when the Charlty becomes uncondltlonally entitled to the grant. Donated servlees and facllltles are Included at the value to the Charity where thls can be guantlfled. The value of servlces provlded by volunteers has not been Induded. Grants, Indudlng grants for the purchase of flxed assets, are recognlsed In full In the statement of flnanclal actlvltle5 In the year In whlch they are recelvable. Incomlng re50urce5 from 9rants, where related to performance and 5peclfl¢ dellverables, are accounted for as the Charlty earns the rlght to conslderatlon by Its performance. Income from Investments Is Sn¢luded In the year In whlch It Is recelvable. Expendltur• Llabllltles are recognlsed as expendlture as soon as there Is a legal or constructlve Qbllgatlon commSttlng the charlty to that expendlture, It Is probable that a transfer of econom5c beneflts wlll be requlred In settlement and the amount of the obllgatlon can be measured rellably. Costs of generatlng funds cumprlse the costs a$soclated wlth attrartlng voluntary Income and actlvltles for generatlng funds. Charltable expendlture comprfses those costs Incurred by the Charlty In the dellvery of Its actlvltles and Its servlces for Its beneflclarles. It Includes both costs that can be allocated to such actlvltle5 and those costs of an Indlrect natu necessary to support them. Expendlture on grants Is recorded once the Charfty has made an uncondltlonal commltment to pay the grant and thls is communlcated to the beneflclary or the grant has been pald, whlchever Is the earller, The Charlty has not made any grant commltments of more than one year. Support Costs Include general management, general offlce costs, accountlngi Informatlon technology, human resources and governance costs, and are allocated across the categorles of costs of generatlng funds, charltable expendlture. All costs are allocated between the expendlture categorles of the statement of flnanclal actlvltles on a basls designed to reflett the use of the resour. Costs relating to a partlcular actlvlty are allocated dlrettly. Other5 are apportioned on an appropriate basls e.g. per caplta or estlmated usage as detailed In the note5 to the financial statements. 16
Nottlnghamshlre Communlty Foundatlon Notes to the Fln•ncial Statements for the year ended 31 March 2024 Accountlng Pollcles - Contlnued Tangible eixed assets Depreciation is provlded at the followlng annual rates In order to wdte off each asset over Its estlmated useful Ilfe, Plant and machlnery - 20Vo Stral9ht Ilne Taxatlon The chadty Is exempt from corporatlon tax on Its charftable actlvltles. Fund accountlng Unrnstrlcted fundg These are funds whlch are avallable for use at the dlscretlon of the Trvstees In furtherance of the general obJert5 of the Charlty. D¢$lgnated fund• Deslgnated funds are allocated out of unrestrlcted funds by the Trustees for speclflc purposes. The use of such funds Is at the Trustees, dlscretlon. R•strlcted funds These are funds whlch can only be used for partlcular restrlcted purposes wlthln the objects of the Charlty. Restrlctlons arlse when speclfied by the donor or where funds are ralsed for partlcular restrlcted purposes. endowm•nt funds Fund5 whlch are requlred to be retalned as capltal In accordance wlth the dDnorf5 wlshes are accounted for a5 "endowments," These Indude endowments whlch are deemed to be "expendable,. If the donor wlshes to pemlt the dlstrlbutlon of capltal. P•n•lon costs and other post-retlrnm•nt b•n•flts The charftable company operates a deflned contrlbutlon penslon scheme. Contrlbutlons payable to the charltsble company's penslon scheme are charyed to the Statement of Flnanclal Artlvltles In the perl¢)d to whlch they relate. Inv•itm•nts Investments held as flxed assets are revalued at mld-market value at the balance Sheet date and the galn or loss taken to the Statement of financlal athvltles. All galns and losses are taken to the statement of flnanclal actlvltles as they arlse. Reallsed galns nd losses on Investments are calculated as the dlfference between sale proceeds and openlng market value (purchase date If later). Unrea115ed galns and losses are calculated as the dIffen between the market value at the year end and openlng market value (or purchase date If later). Reallsed and unrealised galns are not separated In the statement of ftnanclal artlvltles. Renta15 payable under operatlng leases are charged agalnst Income on a stralght Ilne basls over the lease tem. Land Land Is Inltlally recognlsed at cost. Land Is subsequently carrled at the revalued amount less anv accumulated Impalrment losses. 17
NottInghanh1re Community Foundatlon N•)te$ to the Flnanclal Statements for th¢ y¢ar •nded 31 Marth 2024 2 vol1 Incorn• Unr••trtet Fund• Unrn¥trf¢t•d Fund• R••rkt•d Endtswm•nt T•tsl 2023 IndMOu 10.186 275 118.760 10,223 20,4fr3 119.035 38.7 7.070 10.078 170,170 41.5CKI 101.(Krf) 12.230 8,323 188.$71 1.635 144.135 Olher ¢herili PuL41¢ sg¢lor 36 775 128.94 10.431 176 152 51578 278 840 14.518 344 938 3 Ineamlng RmOur• from Ch•rlt•bl• Ath Unr••lrl¢t•d Fund• Unrnstslct•d Fund• R••trtet•d Endonent Tots12024 R••trtetsd End0ThI Tot•1 2V2J ACE Jubl88 furx1 cOnNDunth In Crlsi$ Brthsh Rod Cros5 CoffmuAMles In Cr151s M&G in Crt8ts DCMS 104.eiYJ 104.e 5.873 5.673 19.957 250 16.625 27.042 154.771 2.775 37.8 19.957 250 16.025 27.042 154.771 23.915 37.81x1 Ftyoot rno Nc Lithlhurst ecfflmunty FLKKI 250 18.137 18,137 Sm81 Sf8ps Bbj Ch8no•s SuThJry Income W8$kn Fund SWEF 1892 Fwnd•tK 181,894 3,983 37,8 181,694 24.S77 37,WKI 2S,C 3,460 20,S94 21.140 3.460 20 594 271.185 291779 21140 376 011 397 151 Unr••lrf¢t•d f Unr••trf¢t•d Fund• 4 kn•tffl•nt hKom• R••td¢t•d End¢Th•nl T•tsl 2024 R••trf¢tsd Endo¥m)•nl Totsl 2023 firKn UK ltstgd Irthsknents Bwbk I0¥s1 r•c•Aob 40,35 53.220 19.350 45.398 1.478 51.461 7.348 18.5twJ 5,870 23.364 49.205 r4 $69 11933 46.876 6 Imi••lm•nt mnao•m•nt ¢o•t• Llnre5trict8d Restric End0vMnI Tclel 2(124 Llnr951Acled Restricted Totel W23 InvBstrnent mdnauèmonl costs 258 $47 547 18
Nottlnghamshlre Communlty Foundatlon Notes to the Flnandal Ststements tor the yéar ended 31 Mah 2024 O Actrm Tot•1 Unr••tdct•d R••trfthd EndoMttt 2024 Totsl S70,Y27 sn).927 7&).113 3.195 7.113 3.195 101.333 3.212 5,037 Land &pgns8s Wqies & Sdofjeg Soclal securty 107,5C6 107.505 101,333 3.212 5.037 5.375 245 1(Kl 1.912 5.375 245 1(Ll 1,912 Recruilmèrt costs ConsthTts & sub contr{$ Pulmlcty & calobrion &•nts Grnnt & mrj5 & trv4•1 Trniftlng & cl•n¢0$ 548 $48 478 (95,949) 7,470 824 4367 17,017 478 (1) 7.470 624 4.267 17.285 451 (93.558) 10.807 792 4.956 19,759 3.789 454 45,385 57.178 lo.? 792 4,956 19,819 3,789 Pttolwl8r L•a80 Gonor4 Mmin ¢osts Gmmance reci8tion of fiAeJ 8ssets Iwilrnnl ol lond 456 354 57 213 616 .563 724 356 57 483 840 546 19
Nottlnghamshlre Communlty Foundatlon Notes to the Flnanclal Stst•m•nts for thè yr ended 31 March 2024 7 Grant* Expand•d 2024 2023 Unrèstrletsd Fundi Designat8d Fund General Fund Restrfcted Fund8 10/• matters 1892 Foundation ACE Jubilèe Ada Hemn fund Amy's Fund Basket Brlgada Mansfield Basket Brigade Nottm Benjamln Barsby CRS Communlties in Crlsls BRC Communltles in Crisis M&G Communities In Crisis DCMS Dragons Oen Funeral donations Acorn Fund H8ttys Henry Chowdhury Llndhurst Windlarm Mln8r2Major Nottinghamshire Regeneratlon ROMO Roshnl Legacy Ruth Gordon Brown Samuel Fox Foundatlon Sm811 Steps Blg Changes Southwell Flood Fund SWEF Wesleyan Fund Wheatcroft Fund 8,500 3,089 1,500 96,860 40,000 6,240 34.747 24 1,887 3,477 700 16,750 5,311 5,979 19,957 10,000 600 25.950 16,489 15.114 29,000 62,668 18,000 100 41,667 12,000 239 12.150 112.050 188.485 108,000 134.014 20.000 1,160 38,947 33,053 90,000 (Mhèr R•8trlct8d fund8 {ondowmont fund•> Community Flrst Nottingham Basil Skyers Myeloma foundallon Dave Hartley { Endowment) Kynan Eldridge {endowmenti RTC Grassroots Nottingham City (èndowmenl) Grassroots Nottinghamshlre lendowment) Nottinghamshire Children's Welfare Fund Nottinghamshire Regeneratlon NRL Legacy fvnd Nottinghamshire Community Fund Granby Education 46,000 300 3,180 694 250 500 2,179 2.000 27.164 50,066 570,927 780,113 20
Nottlnghamshlre Communlty Foundatlon Not to the Flthanclal Statements for the year ended 31 March 2024 8 Analysls of support costs Charitabl Activltitrs 2024 2023 Operating lease payments Premises costs General Office costs Governance Costs 8,094 4,267 17,285 4.c7 33,713 8.094 4.267 17.285 11.599 4.956 19.819 3.789 40,163 9 Govornanc• Costs Unreatrl¢tgd Funds Re•trlct•d fund$ Endowm•nt funds 2024 2023 Dlro¢t Co8t• Audlt foès Professlonal fee8 Trustees, meeting costs 3,864 3,884 3,684 105 203 203 4.067 3,789 10 Audltors r•num•ratlon 2024 2023 Auditors remuneratlon 3.864 11 Employ• 2024 2023 Wages and Salarles Social Security costs P8nslon costs 107,505 3,560 5.375 101,333 3.212 5.037 109.582 No employee recelved remuneration of more than £60,OQJ 2024 Numbor 2023 Numbor The avèrdge number of employees during the year w88 12 Trugtse R•mun•r•llon and R•lat•d hrty TranM¢tlon• During the year no trustses received remunerallon for profosslonal servkes. 14 Taxatlon Income and Corporation Taxes Act 1988. Accordtngly, there Is no taxatlon charg8 In these financlal ststements. 2L
Nottlnghamshlre Community Foundation Notes to the Finandal Ststements fr•r th• year end•d 31 March 2024 15 Tanglbh Flxod a$$•ts Land & proporty Plant and Ma¢hinery Cost: Totals At 1st Aprll 2023 Additions 38,400 16,640 55,040 At 31st March 2024 18.640 55.040 D•pr•clallon & Impalrnients At 1st April 2023 Depreciation 15,8C 456 15,806 At 31st March 2024 Not Book Valu• Al 31st Marth 2024 38,400 378 38,778 At 31st March 2023 834 16 Flxod A88Ot Inv••tm•nls Ll$tod InVQMont6 Valuation At 1 Aprll 2023 Additions Sale8 Revaluatlon8 1,811.332 306,500 (52,000) 158.519 At 31 March 2024 Histori¢al w81 a8 at 31 March 2024 1630 231 17 Dobtorn . Amount8 falllng du• wlthln on• y••r Debtors Other debtors Prep8ymenl$ Landlord d8POSIt 2024 2023 798 519 1.593 2.910 18.373 465 1,593 20,431 18 Crodltors: Amount8 Falllng Due wlthin c0 year 2024 2023 Other creditors Taxes & Soclal Security Pensions AcGrual$ & defvrred income 109 1.991 789 2.002 14,887 20.911 16,987 23.702 22
Nottlnghamshlre Communlty Foundatlon Not•8 to the Financlal S&ements for the year ended 31 March 2024 19 Anaty81$ of net assots between funds unmtritt R•StriCt Endowment Total Fund balances at 31 March 2024 Tangible assets Inv8stmonl 8S$8ts Current assets Currént Ilabifits 378 257,413 151,233 (6,987) 38.400 38.778 1,966,938 2.224,351 152.738 853.170 (16,9871 549,199 {10,CKIQ) 402.037 539.199 2 158 076 3 099.312 Balanc• at 1st Incomlng Aprll 2023 Rosourco• Outgolng Galn• & Loss At March 2024 20 Unr•strlctsd Funds Tran$f•rn General Funds 06signated fund 283.569 73,582 77,920 2,813 (51,347) {5,866> 13,039 8,327 323.181 78,856 357,1t51 80.733 (57,213) 21,366 402.037 The unrestrlcted funds are avallable for use at the dlscretlon of the trustees In furtherance of the general objects of the charlty. The unre5trlrted deslgnated fund Is to support developments In communlty regeneratlon. 21 Endowmont Fund• Bol•nc• at 1st Incomlng Aprll 2023 R••our¢•• Outgolng Galns & Transf•rs LoM•$ At March 2024 RTC Dave Hartley Forget me Not K Eldrldge Basll Skyets Myeloma Fund Gragsrcots Nottingh8m Clty Grassroots Nottinghamshlr8 Communlty Flrsl Nottingham Nottinghamshrre Communty Fund Granby Education Fund Nottingham Children's Welfare Fund NRL Legacy Fund Margaret Howell Fund 31,383 12,067 63,772 23.918 35.436 2,969 385,228 892,106 179.985 3,939 {3.151) (247) (1.634) {619} {898> 12,341 140,573 11,820 65.088 25,944 39,278 2,989 365.781 950,588 192,492 4,229 2.950 2,645 2,578 2,162 208 (7,687) (27,756) (4,737) (110) (23,147) 11,179 86,238 17.244 400 48,386 {1,242) {2,083) (399) 4,406 (1.005) 1,238 51.550 296,912 10,852 300,000 5,013 5,000 1784,202 10.431 50.563 276 853 137 153 2 158076 Purposes of endowment funds 23
Nottinghamshlre Communlty Foundatlon Notes to the Financial Ststsments for th• yaar ended 31 March 2024 Funds whlch are required to be retained as capltsl In accordan with the donor's wlshes are accounted for as endowments. These Include endowments whlch are deemed to be "expendable" If the donor wlshes to permlt the dlstrfbutlon of capltal. The grassroots funds Include the followlng named funds: Major Oak, Danlelle 8eccan, J Ollver, Rolls Royce, Hlgh Sherrtf, Bramley Apple, B Slee and Freemasons The Nottlnghamshlre Communlty Flrst Endowment fund for Nottlnghamshlre and Nottlngham 15 a 5peclJl trust and Includes the followlng named fvnds: Nottlngham Bulldlng Soclety, Acorn, J Ollver and Mrs Alce Need for the poor and vlcar. The Nottlnghamshlre Communlty Fund was set up wlth the Ilquldated assets of 13 morlbund and Ineffectlve trust funds 24
Nottlnghamshire Community Foundation Note$ to the Hnan¢lal Statements for the year ended 31 March 20Z4 22 Re•trltrtod Fund Bthnce At lrtomlng i)tylng 31•t MJTch Re•ouru• Re•ourc•• TTrn•f•r• 2024 2023 1% mjlle 18Yd Found•lh) ACE QLteenA Juble¢ Fund Ada Hemn P¥nd Aem Basl Skyer4 ffAdowrKnt) Bask•t Br¥•de Nott#igham Basket BrwJ•de Mansf B¢nJiffkn 8ir•by Fund CohThrty Fr&1 Noll•i¥ththm (elWtrNI) Cfeoth Award• CRS ¢Jon•tb)n O•ve Haruey ( Endowmmt) Fwgd Ale Not (EfA¢wnfiti PtsneraTOonatYJn$ Gr•8$Toole Hollin9homCty (End?wnnl) Gra55root¥ Il0ttth9hDnwhtr• (EndgwmMI) Henrychowdhury FuThl M•tly Hanlshty Fund Kynan ejrge ffndownnt) Ltrthurst Ylm4l•rm ar9aftt Howel (Endownwirti Monkl Hockenhulwal Repntr fund Nottii JhthCtthJrèM Woifarn Fund (Endowmenl) Nott•i9hafixhY• CDff•TrJnty Fund ffr•Jownnt) Nottknyharnhtr• ConrK¢nty Fund- Grty ed¥tkIn (endowmefil) Nottknghaffl Regeneratknn (Endowmnt) tlottiigham Streel AJJ Rorn ConThinty Rosfinl Le9ocy Fund Ruth Gordon Brown RTC(Endownt> S•wel Fox Found•ll)n SrMISltN Bij Ch•nges Soutrswel Fknod Fund 7,238 38,221 38,221 1,9S1 1746 17 10.994 152,687 41 10,811 168.952 415 .715 232 60.355 1&75v 43,633 269 14744 1246 339 319 11,629 2,184 2,405 319 5,961 27.164 21147 2.184 1.087 18,137 18,137 16.847 S,824 135 22,671 914 70,768 1224S 411436 41.888 1300.000> 221 14.1)QQ 12,139 14,000 8.879 12.150 11.835 126.$99 27.371 1,002 6,616 12.150 2.179 119.895 206P73 4,168 85,126 181,694 13,824 91,830 1.002 20,71S 25,000 37.$00 W¢sky•n Fund Whe•lcrnft Fund 1J47 39.747 983 2&6 135 335 276 853 539 195 AJ Ited li Nole 3 ilC4ffe from ErLdi+wryMI funds li¢dtrd kn I•d lundA h accordlnee wlh SOAPI FRS 102) knckkles reahed 9Dkn1 25
Nottlnghamshir• Communlty Foundatlon Not•s to the Flnanaal Statements for the y•ar •Thd•d 31 March 2024 22 Restricted Funds - Contlnued Purpos•# of R•strl¢ted Funds IWO Mjtters Fund An individual donor fund set up to engage local phllanthmplsts and business leader5 to glve 1% of their income or proflts In support of mental health, young people and elderly people In Nottlnghamshlre. Acorn Fund Acorn fund Is a NCF fund whlch supports buslness and cornmunlty projerts and developments as declded by the chalr and CEO of NCF. 8enJamln Bar•by Fund NCF recelves restdcted donatlons from frlends and famlly of Benjamln Barsby who dled at the age of 21. The famlly have ¢ated a new charltable fund wlth the alm of growlng It to bulld a pemianent legacy In support of mental and emotlonal wellbelng and preventatlve work In Nottlnghamshlre and the UK. Communlty Flr•t A matehed fund endowment program from the Offlce of Clvll Soclety. Grant spend from the communlty flrst endowment (and the named funds thereln) wlll be allocated from Interest galned annually. Crnatlv• Bu8lne•• Aw•rd• NCF was glven a re5trfcted donotlon held untll such tlme as an approprlate reclplent Is found. The Creatlve buslness award wlll be glven to a sultable Inltlatlve that NCF and the donors agree flts the crlterla. The award may not be dlspersed for several years. CRS Donatlon NCF recelved a donatlon along wlth several other Communlty Foundatlons across the UK to be Spent on elderly care as declded by NCF. Dav• Hartley Endowment Donatlons recelved from famlly and frlends of Dave Hartley have enabled thls restrlcted fvnd to be set up. The crlterla of thls Fund relate to Indlvlduals antl groups wlth a muslcal settlng as declded by hls famlly, Poryet Me Not (Endowment) A legacy fund set up to safeguard green fleld land and provlde communlty beneflt for the vlllage of Sutton Cum Lound. Grn$$roots Nottlngham•hlr• and Nottlngham Clty {Endowm•nt) These funds were set up taking advantage of a govemment match challenge and are d15trlbuted as a flexlble endowment dellvered In accordance with the donorf5 wlshes. Henry Chowdhury Fund Henry Chowdhury Is a famlly fund set up In lovlng memory of Henry who passed away traglcally aged 20yrs old. The fund provldes support for local mental health charftles wlth an emphas15 on sulclde preventlon. Hetty Hard•hlp Fund Hetty's Hardshlp Fund was Set up to support families in hardship with a prfority given to families and Indivldua15 {often grandparents) who are looking after thelr grandchlldren due the difficulties of the parent or parent5. Small grants are dlstrlbuted for individuals and chlldren via the nominated Hetty's representatlves In partnership wlth NCF. 26
Nottlnghamshlrn Communlty Foundation Notes to the Flnandal Statements for the year ended 31 March 2024 22 Restricted Funds - Contlnued Kynan Eldrldg• (Endowment) The parents of Kynan Eldrldge have set up th15 Fund to provide one-off monetary grants to young people (under the age of 30) who are usSn9 muslc, both modem and cla551cal, to help them overcome personal challenges and achleve thelr full potentlal. Llndhur•t Wlnd Parm Th15 15 a grant contract awarded by RWE Npower Renewables to provlde small grants to those communltles most affected by the wlnd turblnes. The village5 of Ralnworth and Blldworth are glven access to small grants of up to £2,000 annually. Mon1¢• Hockenhull Wall R•palrs As part of the Forget me not Legacyi the fleld In Sutton cum Lound needed Its wall repalred. The donor provlded addltlonal funds to cover the cost of these repa1. Major O•k (Grnss Roots Endowment Fund) A NCF endowment fund set up wlth unrestrfcted donatlons whlch provldes grant support for local events and projects as declded by the CEO and Chalr of NCF. Nottlngh•m Chlldr•n's Welfarn Pund Followlng the closure of a local Trust, NCF sewred the transfer and set up an Endowment fund In rhe same name Supportlng the orlglnal objects of the Trust, namely dlsadvantaged chlldren In Nottlngham. Nottlngham•hlr• Communlty Fund Nottlnghamshlre Communlty Fund Is a pooled fund of 12 small local trusts that were Identlfied as 'dormant or morlbund, and was set up as an endowment to support a broad range of educatlon, Ilfelong leamlng and communlty outcomes. Nottlnghamshlre Communlty Fund - Granby EducJtlon Fund Granby Educatlon fund was a dormant trust transferred and modernlsed to malntaln the spldt of the orlglnal trust but that can now support Indlvlduals the parfsh of Granby as declded In partnershlp wlth NI. Roshnl tsp•cy The Roshnl legacy was set up In support of women sufferlng from domestlc abuse who have no retourse to publlc fund5. The fvnd provldes ftir Indlvlduals In hardshlp and the declslon 1$ made by NCF In partnershlp wlth Women's Ald Integrated Servlces. RTC The alm of the Fund Is to support people In rural areas, by maklng grants of up to £500 to Indlvlduals and communlty and voluntary groups servlng 5enlor cltlzens In thelr communitles. Small Stsps Blg Change• 10 year Lottery funded program dellverlng grants In sUPPOrt of the Early Years agenda supportlng famllles and chlldren under 3years old in four wards In Nottingham Clty. Southwell Flood Fund The Southwell Flood Fund was set up In March 2015 and wlll be used to contrlbute to the fundlng of flood defence and mltlgatlon measures wlthln the area covered by Southwell Flood Forum. Weslyan Fund The Wesleyan Foundatlon was establlshed In 2017 to support varlous good causes throughout the UK. Lead by the Heart of England Communlty Foundatlon, grants are offered to support gIstered charitie5, constltuted voluntary and communlty group5 based wlthln the region covered by the Wesleyan network. Nottingham is one of those region5 and NCF is pleased to provide grants In Nottingham City on behalf of the fund. 27
Nottlnghamshlre Community Foundatk•n Notes to the Flnanclal Stst•nMnts for th• y•ar ended 31 March 2024 Restrlcted Funds - Contlnuad Basll Skyers Myeloma Fund Is a small famlly fund Set up In memory of Basll Skyers to dlstrlbute grants for patlent and carers at Nottingham Centre for Cllnical Haematologyi and to the Renal Unit for Myeloma patlents at Nottlngham Unlverslty Hospltal$ NHS Trust. Ba•k•t Brlgade We hold funds on behalf of the 'Basket Brtgade, whlch provides Chr15tmas hampers and presents for famllles In need across Nottlngham$hl. A small amiy of volunteers packs and dellvers boxes to speclflc famllles and chlldren glven by soclal servlrEs and women's refuges. NRL Fund After the closure of NRL Ltd a new legacy fund was set up wlth the remalnlng assets ofthe company. The fund wlll support bespoke projerts In support of vulnerable people across Nottlnghamshlre. The Wheatcroft Fund The Wheatcroft Famlly have set up a flow through fund to 5UPPOrt local ch8rltles and not for proflt projerts In the clty and county of Nottlngham. Once a year the famlly makes declslons on grant awards coverlng our maln themes plus hortlculturjl 4nd green projects. Ada H•ron Fund 2020-23 A small Trust transfer age0 by Coutts, the prevlous trustees. to enable Notts CF to award funds to groups W01n9 wlth vulnerable women and glrls In Nottlnghamshlre. Samuel Fox Foundatlon / Nottlngham Bulldlng Socl•ty In trlbute to the Founder of Nottlngham Bulldlng Soclety, we hold a new foundatlon fund for them whlch they hope to grow through the releaslng of dormant accounts, M?rgar•t How•ll Maryaret Howell's granddaughter Set up a legacy after she passed away wlth the hope that after probate she could top It up and other relatlves may also contrlbute. The fund Is rfng-fenced for Maryaret's passlon whlch was the Women's Institute. SWEF Pund The young enterprlse fund comes from a private donor who Is worklng wlth many Communlty Foundatlons across the UK. SWEF awards grants of up to £2,000 to young people In Nottlngham ctty and Nottlnghamshlre County who need support wlth a new buslness start-up. It 1$ partlcularfy targeted at those who are not In educatlon, employment or tralnlng. Nottlngham Street Ald Worklng wlth It's In Nottlngham, and donatlons from the publlc thls fund provldes support for I dlvlduals wlth a range of needs In thelr transltlon from homelessness to stable houslng. Dec151ons grant awards are made by a panel from the Nottlngham Homeless forum. Dragons D¢n Worklng wlth a panel of local dragons (angels really) we h05t a den to find promlslng new buslness entrepneUrs. Thelr Ideas are presented to the panel and 2 or 3 are chosen to recelve a small grant plu5 glfts In klnd and buslness mentorlng. 1892 Fund Communlty Foundatlons for Lancashlre and Merseyside are worklng wlth corporate donor MHA Moore and Smalleyi who have head offlces In Lancashire. The company recently set up the 1892 Foundatlon to support financial Ilteracy projects for young people under 25 and they Ilke to glve small award to a Nottingham group as they have an office here. 28