2021-03-31-accounts - Cumberland Building Society Charitable Foundation

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							West Cumbrian Rotary Club to
							purchase outdoor bikes for
							Mayfield School and a
							specialist Autism school, both
							schools are based in West
							Cumbria, the donation was to
							help children build confidence
							and motor skills outdoors.
Statement		confirming		Para 1.18	The trustees		have had due regard to the
whether	the trustees		have		guidance	issued by the Charity Commission
had regard		to the guidance			on public	benefit.
issued	by the Charity
Commission		on public
benefit

			The Charity has, through the giving of small
			grants directly to local grassroots
			organisations, enabled small projects which
Summary ofthe main achievements ofthe charity,		Para 1.20	benefit local communities to achieve funding to further charitable purposes.
identifying	the difference the		Such small funding fills the niche between
charity's	work has made to		larger grants from national or regional
the circumstances of its			charities, and self-fundraising which would
beneficiaries and any wider			be time-intensive for the beneficiaries of
benefits to society as a			the Charity's grants. The Charity's grants
whole.			have allowed the local grassroots
			organisations who have received the grants
			to continue to deliver their benefit to the
			community and wider society.

Additional information	(optional)
You ma choose to include	further statements	where relevant about:
Achievements against	Para 1.41
objectives set
Performance offundraising
activities against objectives	Para 1.41
set
Investment performance	Para 1.41
against objectives
Other

Financ	ial	Review	Review	Review	Review
Review	of	the charity's					Para 1.21	The Charity's financial		position			is strong.
financial	position			at the end				Accounts have been prepared				showing
of the	eriod							income and	ex enditure.
Statement		explaining			the		Para 1.22	N/A
policy for holding				reserves
statin	wh		the	are	held
Amount	of	reserves			held		Para 1.22	None
Reasons for			holding		zero		Para 1.22	The Charity	is wholly	funded		by
reserves								Cumberland	Building	Society		and exists to
								facilitate it's charitable		giving		and as a
								vehicle to assign windfall profits					to on	the
								event of de-mutualisation of			the		Society.
								The Charity	has no ongoing		obligations,
								overheads	or commitments,		and employs
								no staff. It	is therefore	not necessary				or
								a ro riate	to hold reserves.
Details	of fund materially					in	Para 1.24	None.
deficit
Explanation			of any				Para 1.23	None.
uncertainties			about the
charity	continuing			as a going
concern

The charity's principal
sources offunds (including	Para 1.47
any fundraising)
Investment policy and objectives including any	Para 1.46
social investment policy
adopted
A description ofthe principal	Para 1.46
risks facing the charity
Other

Description	of charity's
trusts:
Type ofgoverning document		Para 1.25	CIO Constitution
',tru=': deed.	royal charter)
How is the charity		Para 1.25	Charitable Incorporated Organisation
constituted?
ie.g Llilincoi	pof Rtecl
assoc:iation.	CIQ)
Trustee selection methods		Para 1.25
including details ofany constitutional provisions e.g. election to post or name of any person or body entitled			Every trustee must be appointed by a resolution passed at a properly convened meeting ofthe charity trustees.
to appoint one or more
trustees			In selecting individuals for appointment as
			charity trustees, the charity trustees must
			have regard to the skills, knowledge and
			experience needed for the effective
			administration ofthe Charity
			Every charity trustee must be a natural
			person.
			No individual may be appointed as a charity
			trustee of the CIO: if he or she is under the
			age of 16 years; or if he or she would
			automatically cease to hold office under the
			provisions ofthe constitution (i.e.is ineligible
			to be a trustee).
			No one is entitled to act as a charity trustee
			whether on appointment or on any re-
			appointment until he or she has expressly
			acknowledged, in whatever way the charity
			trustees decide, his or her acceptance ofthe
			office of charity trustee.
			At least one ofthe trustees ofthe CIO must
			be 18 years of age or over. If there is no
			trustee aged at least 18years, the remaining
			trustees may only act to call a meeting ofthe
			charity trustees, or appoint a new charity
			trustee.
			Every charity trustee must be a director,
			officer or employee of Cumberland Building
			Society (or any successor to its business).

Policies and	procedures
adopted for the induction		Para 1.51
and training	oftrustees
The charity's	organisational
structure and	any wider	Para 1.51
network with	which the
charity works
Relationship	with any related	Para 1.51
parties
Other

Charit	name			Cumberland	Buildin
Other name the charit			uses	N/A
Re istered charit		number		1072435
Charity's	principal	address		Cumberland	House
				Cooper VVay
				Parkhouse
				Carlisle
				CA3 OJF

ames	ofthe charity tru	stees who manage	the charity
	Trustee name	Office (ifany)	Dates acted ifnot for whole ear	Name to a	of person (or body) entitled oint trustee if an
	Rebecca Towns	N/A	N/A	N/A
	Claire Deekes	Chairman	N/A	N/A
	Lewis Benson	N/A	N/A	N/A
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Funds held as custodian	Funds held as custodian	trustees
Description ofthe assets		None
held in this capacity
Name and objects of the		N/A
charity on whose behalf	the
assets are held and how	this
falls within the custodian
charity's objects
Details ofarrangements	for	N/A
safe custody and
segregation ofsuch assets
from the charity's own
assets

			Cumberland	Building Society Charitable	Building Society Charitable	Foundation
			(a charitable incorporated		organisation)
			Trustees' report and financial			statements
				Charity number 1072435
Statement of Financial Activities (incorporating			income and expenditure	account)
For the year to 31March
		Note		2021 f			2020 f
			Unrestricted	Funds	Unrestricted		Funds
Income and Expenditure
Incoming Resources
Investment income		3
Donations received		4		23,875			23,412
Tota I incoming Resources				23,875			23,412
Charitable Expenditure
Charitable Activities:
Grants and Donations			(23,875)			(23,412)
Administrative Expenses
Total Charitable Expenditure			(23,875)			(23,412)
Net (expenditure)/income		for the year
Total funds at beginning	of	period
Total funds at end of period

Cumberland	Building Society Charitable	Building Society Charitable	Foundation
	(a charitableincorporated organisation)
Trustees' report		and financial	statements
		Charity number 1072435
	2021		2020
	f		f

Balance Sheet	as at 31March	as at 31March
Current assets
Cash at bank and in hand
Cash held by CCF
Net assets
Accumulated	unrestricted	funds

3.	Investment	Investment	income		2021	2020
					E	f
Income	earned	on	current	account and notice
account
4.	Donations		received		2021	2020
					f	f
Donation from		Cumberland		Building Society	23,875	23,412
Returned donations
					23,875	28,220
5.	Charitable		Ex enditure		2021	2020
					f	f
Institutional Charitable Donations
(48donations		20120-21)			23,875	23,412
Administrative		Expenses
					23,875	23,412