2022-03-31-accounts - Cumberland Building Society Charitable Foundation

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Statement	confirming		The trustees	The trustees
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

				Para 1.38
Policy on	grant making
				Para 1.38
Policy on	social investment
including	program		related
investment
				Para 1.38
Contribution		made	by
volunteers
Other

Achieve	men	ts	and Per	formance
				SORP reference
					The Charity has, through the giving ofsmall
					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.

Achievements against
objectives set
Performance offundraising
activities against objectives
set
Investment performance
against objectives
Other

Financial Review
Review ofthe charity's			Para 1.21	The Charity's			financial	position				is strong.
financial position at the	end			Accounts	have been prepared						showing
ofthe eriod				income and		ex enditure.
Statement explaining the			Para 1.22	N/A
policy for holding reserves
statin wh the are held
Amount ofreserves 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 ofde-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 offund materially		in	Para 1.24	None.
deficit
Explanation ofany			Para 1.23	None.
uncertainties about the
charity continuing as a going
concern
Additional information	(optional)
You ma choose to include		further statements		where relevant			about:
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	ofcharity's	ofcharity's
trusts:
Type of governing		document	Para 1.25	CIO Constitution
(trust deed,	roral	charteri
How is the charity			Para 1.25	Charitable Incorporated Organisation
constituted?
(e.g unincorporated
association,	CION
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 ofcharity 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 actto 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	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

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

ames	ofthe charity tru	stees who manage	the charity
	Trustee name	Office (ifany)	Dates acted Ifnot forwhole ar	Name to a	ofperson (or body) entitled oint trustee ifan
	Rebecca Towns	N/A	1 April 2021 —16August	N/A
			2021
2	Claire Deekes	Chairman	N/A	N/A
3	Lewis Benson	N/A	N/A	N/A
4	Alexandra McAleavey	N/A	17August 2021 —3 December 2021	N/A
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

Funds held as custodian	Funds held as custodian	trustees on behalf ofothers
Description ofthe assets		None
held in this capacity
Name and objects ofthe		N/A
charity on whose behalf	the
assets are held and how	this
falls within the custodian
charity's objects
Details of arrangements	for	N/A
safe custody and
segregation ofsuch assets
from the charity's own
assets

	Cumberland	Building Society Charitoble Foundation!A	Building Society Charitoble Foundation!A	Charitable	Incorporated	Organisation)
	Trustees'	Report ond Financial Statements	for	the Year Ended	31March	2022
		Chority	Number 1072435
Trust Information
Charity Number		1072435
Trustees		Mr LBenson
		Ms C Deekes
		Ms RTowns		(Resigned 16/08/21)
		Ms A McAleavey		(Appointed	17/08/21; resigned 03/12/21)
Registered	Office	Cumberland	House
		Cooper Way
		Parkhouse
		Carlisle
		CA3 0IF
Bankers		Cumberland	Building Society
		Cumberland	House
		CooperWay
		Parkhouse
		Carlisle
		CA301F

			2D22 f		2621 E
		Unrestricted	Funds	Unrestdcted	Funds
Income and Expenditure
Incoming Resources
Investment Income
Donations Received			22,369		23,875
Total Incoming Resources			22,369		23,875
Chaditable Expenditure
Chadtable Activities:
Grantsand Donations		(22,369)			(23,875)
Administrative Expenses
Total Charitable Expenditure			(22,369)		(23,875)
Net(Expenditure)/Income	forthe Year
Total Funds at Beginning	of Period
Total Funds at End ofPeriod

2022	2021
f	f

Balance Sheet as	at 81March	at 81March
Current assets
Cash at bankand	in hand
Cash held by CCF
Net assets
Accumulated unrestricted		funds

3.	Investment	Investment	Income		2022	2021
					f	f
Income	earned	on	current account and notice
account
4.	~li	4			2022	2021
					f	f
Donations received			from Cumberland	Building
Society					22,369	23,875
					22,369	28,220
5.	Charitable		Ex enditure		2022	2021
Charitable Donations (2022:63, 2021:				49)	22,369	23,875
Administrative		Expenses
					22,369	23,875