Heart of Bucks
COMMUNITY FOUNDATION
TTh5tee5'
ANNUAL REPORT
AND FINANCIAL
STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Buckinghamshire Community Foundation
Charity Registration No. 1073861
Company Registration No. 03662246

Heart of Bucks
COMMVNITY FoufiDATIOII
Buckinghamshlre Communlty Foundatlon
Report and Financial Statements
Year ended: 31st March 2023
Charity no. 1073861
E<erek7tt Ok7d AdMIY115trAtive irfurMOtiOk7
The trust￿, who a￿ also the directors for the purpose of company law, and who served during the year
and up to the date of signature of the financial ststements were..
Mr W M Stewart- Chaimian of the Board
Mr R D Taylor - Wice Chairman and Chairman of Finan￿ and Investment Committ& & Remuneration
Committee
Mr G A Anson (rfFP7TPlted Nov 202z)
Mr M Bradbury - Chaiman of Social Investment (Loans) Committee
Mrs L V Cannon aegg (reliredJLIl z022)
Mr R Collins
Mrs P Kirf(bride - Chair of Development Board
Mr P J Manktelow - Treasurer
Mrs L Marston-weston - Chair of Grants Committee
Mrs A Norfolk-Beadle (rfFFVlllted 2022)
A Smith (Pask)
Mrs L C W(J)d
Chief Executive
Mr Henry Allmand
Charity No. 1073861
Buckinghamshire Communlty Foundatlon Company No. 03662246 (Registered in England and
Wales)
Subsidiary Company
Buckinghamshire Community Foundation (KHC) Ltd
Directors
Mr W M Stewart- Chaimian
Mr A Bacon - Treasurer Iretired SeF 2022)
Mr J Biggs
Mr5 L V Cannon aegg
Mr G Corney
Mr P l Manktelow
Mr W Petringer- Treasurer (AeryNte615y 2022)
Page 2

Buckinghamshire Community Foundation (KHC) Ltd Company No. 09495670
Registered offi￿ address
70 New Road, Weston TuNille, Aylesbury, Bucknnghamshire, HP22 5QT
Auditors
Azets Audit serVi￿S, Suites B & D, Bumham Yard, Beaconsfield, Bucklnghamshire, HP9 2JH
www.azets.co.uk
Bankers
Nat West Bank, 22 Market Square, Aylesburyi HP20 ITW.
Investment Managers
CCLA Investment Management Ltd. Senator House, 85 Qu*n Victoria Street, London EC4V 4￿.
Sar35in and Partners LLP, luxon House, 100 St Pauls (hurchyard, London EC4M 8BU.
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Cuk7fek7t5
Page
Trustees, report
5-18
Independent auditor's report
19-21
Statement of financial activities
22
Summary income and expenditure account
23
Balance sheet
24-25
ststement of cash flows
26
Notes to the financial statements
27-64
Page 4

EerGrt of-the tru5tee5
The trustees of Buckinghamshire Community Foundation are pleased to present their report and financial
statements for the year ended 31 March 2023.
The finanaal ststements have been prepared in accordance with the accounting policies set out in note I
to the financial statements and comply with the charity's governing document, the Companies Act 2006
and "Accounting and Reporting by Charities: Ststement of Recommended Prattl￿ applicable to charities
preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102) (effective l January 2019),:
5trnctMre, froveyp7rfk7￿ Ak7d Mrfk7AJemek7t
Introduction
Buckinghamshire Community Foundation C'BCF,? is the formal name of our charity and is used for governan
and legal requirements. Our working name, by which we are recognised in our community, is Heart of Bucks
C'Heart of Bucks,?.
The foundation was estsblished in 1999 as a gftnt-maklng charlty, by the late Sir Nigel Mobbs JP who was
HM Lord-Lieutenant of Buckinghamshire be￿een 1997 and 2005. At that time, community foundations were
already well-establi5hed in North America and, *eing the power of people coming together through their
giving to build thriving communities, Sir Nigel wanted the same for Buckinghamshire. sin￿ then, we have
given away more than £13m in funding.
We are part of a network of 47 Community Foundations across the UK, all gftnt-making charftles dedlcated
to improving the lives of people in a defined geographic area. We bring together the financial resources of
individuals, families, public authorities, national funders and businesses to SUPPOrt our lcral communities.
The foundation is a registered charity and company limited by guarantee, registered in England and Wales.
The Board and Committees
The trustees of Heart of Bucks are also directors for the purposes of company law.
New trustee5 a￿ appolnted by the existlng trustees and serve for a maximum of nine years. New trustees
are sought through a formal recruitment prO￿sS which may include open advertisement or recommendations
from local ne￿orks, dependent on the type of skn'lls sought. The recruitment pr(xess includes relevant
ellglbility checks and inteNiews with members of the Board before a formal recommendation is taken to the
full Board for app￿01.
Our governing document provides for a minimum of five trustees and a maximum of 13. As at 31st Marth
2023, 11 trustees were in p)sL
On appointment, and periodically thereafter we ask our trustees to confirm their eligibility to seNe, and they
slgn m(MJel Trustee and Director Declaration statements. Trustees are welcomed with an induction pack and
in-person programme which provides a briefing on the background to the foundation and the various aspects
of our work, as well as the role and responsibility of trusteeldirectors. In their first year, new trustees will
obseNe a grants panel and other Committ￿ best suited to their areas of expertise and interest.
Page 5

Trustees are required to dedare any com￿ting or conflicting interests, which are maintsined as a permanent
record and reviewed at the stsrt of each Board and Committee meeting. Where a conflict of interest arises,
trustees are required to absent themselves from any discussion or decision-making.
Trustees have access to an online Board portal with all relevant policies and information alx)ut the foundation's
activity as a pemianently available resour￿, and this is also used to manage online discussion, approvals and
meeting papers.
All trustees give their time freely and no remuneration is paid.
To enable us to bring in expert and specialist supwrt, Heart of Buck5 operates a number of sub-committees,
being the Development Board, Finan￿ and Investment Committ￿, Remuneration Committee, Social
Investment (Loans) Committee, Grants Committee and various grants panels.
All committee5 opeTrte under Tems of ReferenTr approved by the Board, which in some cases- for example
the grants panels - includes delegated authority to d￿lde on grBnt and loan awards, withln the over-arthlng
policy approved by the Board.
Expert volunteers are recruited to work alongside trustees on these sub-committees to help us ensure our
activitie5 are well-informed by specialist or local knowledge and that our grant decisions are independent.
The appointment of committee members is reseNed to the trustees who will review any recommendations
made by the commlttees.
The Board are supported with their governan￿ responsibilities in re$￿ct of the Chaiity Commission and
Companies House by the Head of Operations and Head of Finance.
Role of the Board
At their quarterly meetings, trustees dlscuss and agree the broad areas of strategy and activity. They scrutinise
￿erforMan￿ against a set of Key Performance Indicators under three strategic aims: Income Generdtion,
Meeting L¢xal Need and Civic and Community Leadership.
Matters reviewed at each Board rn￿ting include grant makingi investment fund performan￿, budget and
finances, fundraislng and donor relations as well as HR matters, risk, p)liaes and other governan￿ Matters.
TWI￿ a year the Board meet for strategy review and planningi Wlth the focus alternating between finance
and fundraising, and grant making and communty impact.
The day-to-day management of the charity is delegated to the staff team under the leadership of the Chief
Executive.
Membershlp and External Regulators
As a member of the UKCF nelNork Heart of Bucks benefits from the experien￿, collaboration, and support
of 47 Community R)undations. Membership also enables us to a￿esS national funding progTrmmes and to
share the cost of investing in sofvare development.
Heart of Bucks is registered with the Charity Commission, Companies House, the Fundraising Regulator and
the Information Commlssloners offi￿ as a Dats Controller.
Page 6

Rlsk Management
The trustees have a robust Risk Poliq and the Chairman leads on risk for the Charity.
Major risks are rec￿nISed and recorded, along with mitigation measures, on our Risk Register. Risks are
recorded under five categories.. Strategic and Governants, Financial, Operntional and Reputstional, Staffing
and Culture. The board review the register at eath quarterly meeting, identifying any new or emerging risks
and considering whether current mitigation measures are sufficient, or whether further action is required.
For the reporting year, the trustees identified our most signifiont risk to be the loss of investment income
andlor invested capitsl due to paar economic performan￿.
This risk is mitigated by our investments being actively managed ty CCLA and Sarasin in line with objettlves
agreed by our trustees. We also put considerable effort into our fvndraising activities to generate both flow
through (immediate spend) gr7nt funds and for donations to our core operating costs.
As exptained below, (Investments and Investment Policy), the perfOrnian￿ of the investment houses is
monitored by wr Finance and Investment Committee. It remains a p￿ibilIty that lower investment income
could reduce our ability to give out grants but this W¢Juld not affert the finanaal viability of Heart of Bucks in
the next three years.
Fundraising Activitles
The Development Board leads on our fundraising activlty, wlth reportlng responslbllity to the Board of Trustees.
Heart of Bucks is registered with the Fundraising Regulator, and we work hard to ensure we are compliant
with the Fundraising Code of Practi￿. We are also r￿Istered with the Information Commissioners Office
and have wlicies and Pro￿sseS in Pla￿ to ensure we comply with the Data Protection A¢ Genernl Dats
Protettion (UK) Regulations and the Privacy and Electronic Communications Regulations in our contacts with
supwrters, donors and beneficiaries, as well as the wider community. Our Donor Ac￿ptsnce and Refusal
Pollcy sets out the circuMstan￿S In which we will undertake fvrther enquiries into the source of donations
and when we may refuse a donation, It also provides guidance on how we will tske account of the capacity
of a donor to make a deasion to donate, as well as providing staff with guidan￿ on anti-money laundering
measures.
Related Parties
One of our trustees is a partner at BP Collins LLP, which ha5 consistently made donations into its restricted
fund held by Heart of Bucks for gTrnt giving. Another trustee is also the trustee of a charitsble foundatlon
which has given funds to Heart of Bucks for onward distribution,
Page 7

Ob'ecfive5 Ak7d AGtivitie5
Our Vision and Mission
Our vision is to create and support a culture of giving that Strengthens and supports communities throughout
Buckingham5hire.
Our mission is to be a catslyst for social change, simplifyingi encouraging and enabling local gtving and
community philanthropy. Through a programme of infomed and tsrgeted funding and advi￿, we make our
communlty a better pla￿ to live, work, play and do busine55.
Our Values
We listen respertfully
We support I￿llY
We fund inclusively
We lead collaboratively
We advise professionalty
Our Strategy
| We act as a vocal,
visible and
collaborative
champlon for the
whole communlty
We ralse money
for charities and
good causes In
Bucklnghamshire
We work with generous
indiv*Juals, tyganisations
and busintsses to
flnancialty SLtppJrt thelr
Icol cc¥nrnunity In faclng
challenges of tc&y
aThJ torThJrrow
t play a leadlng ro￿ In
sc4vrng Bucklnghamshlres
sodal probleff
We dlstribute carefully
considered grants, ensuring
a lastlng local Impart
We always carefiJlty CO￿lder the r*tsJs
of the communlty Buthnghamshi
and taryet fvnding toward5 ts most
effective local gctsj causes
How we benefit the public
Our trustees have taken account of their duty under section 4 of the Charities Act 2011 and of their obligations
with regard to the Charity Commission guidants on public benefit when planning our business and activity
programmes.
Page 8

The Board review our public benefit annually to assure themselves that our operations continue to align wth
this responsibility. This Wa5 last carried out on 10th November 2022.
The direct public benefit that flows from our charitsble purpose is primarily the provision of grant and loan
fundlng for a broad range of community servlces and projects. To be eligible for our funding, projects or
seNices must exclusively'not ft)r profit" and in the main, must benefit residents of Buckinghamshire.
The range of funds we managed throughout the ret)orting year cover all of the issues and themes of need
listed in our charitable purp)ses. These are shown below, with examples of grants made during the year.
For the Rellef of Poverty:
We provided grant funding to several food-related projects, Including Foodcycle to SUPkKSrt their
launch into Aylesbury and High Wycombe. Foodcycle recruit and train local volunteers to provide
w*kty healthy hot meals and company for I￿al Feople in need, utilising food diverted from becoming
focKI waste.
Through a new partnership with other local funders we were able to award our largest ever grant of
£159,340 to the BUC￿ Povety Collaborative led by Connection Support, to build further capacity in the
county to reach people exFeriencing povetyi Particularty those who have not traditionally engaged with
Se￿I￿s.
For the advan￿ment of education:
Our Green Schools Fund supported the Hannah Ball Schojl to enhan￿ their children's education and
wellbeing by setting up a Junior Forest Ranger Programme, creating a design for Outd￿)r learning and
wildlife at the schwl.
Elsewhere, our Rayners Special Education Fund made a grant to WorkAid, a local organlsatlon whldi runs
a supported workshop for people with mild to mcKlerate learning disabilities to help them make the step
towards employment or voluntsry work.
For the advancement of health and saving of lives:
Chiltern Music Therapy were awarded a grant of £9,541 to help with their community muslc therapy
services for Indlviduals with a broad range of complex needs, including addiction, mental health
thallenges, physical disabilitles, speech dlsorders, dementia, attention deficit disorder, end-of-life care
and mo￿.
In partnership with Buckinghamshire Council's Public Health team, we ran a second round of the Saving
Lives programme. We made gTrnts of £85,000 through this year's programme, including an award of
£7,200 to Talkback UK Ltd, who provide a social SUPFL)rt and educational wellbeing group ft)r men with a
leaming disabllity or autism to promote tx)Sitive mental health and redu￿ instsnces of suiade.
For the advancement of citizenship or community development:
Through our Community Investor Fund, a pooled fund supported by multiple local businesses, we awarded
a grant to Swanboume Community Association to purchase projection equipment, sound equipment, a
large wall mounted screen and a li￿ntr to show classic and educational movies monthly in the village
Page 9

hall. This was particularly welcomed by older residents and those on lower incomes who are less likely to
have the ability or resources to travel to larger ￿ntre$ for entertainment.
Elsewhere, our grant of £10,000 supported residents of Oakley to create a new not-ft)r-profit Village Store
and Coffee Shopi overlooklng the play area providing a place for parents to meevgather whilst children
the playground or sports pitches. The shop sour￿$ as many pr￿ucts and seNices as F%)ssible from
within a 30-mile radius, thus providing both local shopping facilities and employment.
For the advancement of the arts, culture, heritage or science:
Our grant of £5,755 helped Alina Orchestra to deliver their"Band in a Van" projett, taklng a small group
of musicians to all corners of the community with family-friendly short, interactive con￿rts for those
who, for whatever reason, are unable to go to 'traditional' con￿rtS but attend one of the Family Centres
in Bu(*s.
For the advancement of amateur spo
We have provided grants through a number of sport5-targeted funds, incSuding the Sherling Sp)rts Fund,
Nic Willoughby Fund, Jullan Budd Kids in Sport Fund as well as from our general funds.
Marlow Inclusive FC receivej a grant of £600 towards their purchase of kit for new players, whilst a
donation of £500 wa5 given to London Youth - Woodrow High House towards their fundraising appeal for
repairs to their astro-turf and leisure centre.
Through the Nic Willoughby Fund, we were pleased to give grants totalling £11,000 to Cardiac Risk in the
Young (CRY) to deliver heart-screening day5 for young people.
For the advancement of human rights, conflict resolutlon or reconciliation or the promotlon
of religious or raclal harmony or equality and diversity:
Through our new Health Equity Fund, in partnership with local Public Health colleagues, we were able
to provide seven grants including one of £3,304 to Cianna's Smlle for their service offering informatlon,
support, activities and advocacy for children, young people and their families with Sickle Cell Disease, a
lifelong inherited debilitating health condition afflitting minority ethnic communities.
Elsewhere, we were delighted to ￿ a￿￿e to supwrt the new infrastructure organi5ation supwrting Black,
Asian and minority ethnic-led groups across the county, with a gTrnt ft)r their website costs for years.
For the advancement of envlronmental protection or improvement:
We have supported many organi5ations through the delivery of our Green Futures, G￿en Schools and
Flood RecoverylPrevention Funds as well as our geneTrl funds. For example, the Interclimate Trust
re￿iVed a grant of £4,950 for their Climate Catalysts project which support5 Students to undertake a
Climate Action Survey and use it to understand and convey their peer5, views on climate change and
barriers to action in school.
Elsewhere, the Sir Henry Floyd School received a grant of £650 to develop a wildlife garden within the
school ground5, to improve awareness of sustainability among the school community and provide a
wellbeing Spa￿ for students.
Page 10

Zero Carton Haddenham (Buckinghamshire) received a grant of £6,300 to plant 90 trees and 600 metres
of hedging as part of the Releaf project which is aiming to double the tree cover in the area over ten
The rellef of those In need by ￿ason of youth, age, ill-health, dlsability, financial hardship
or other disadvantage:
Throughout 2022-2023 we continued to run a number of hardship funds aimed at supporting individuals
or families experiencing financial insecurity andlor fuel povety. These induded the Helping Hand Fund
for whith we partnered with Buckinghamshire Counal, along with our Crisis Fund, Winter Warmth Fund,
and funds supporting refugees from the conflict in Ukraine, and those resettled from Afghanistsn. As
the cost-of-￿VIng crisis continues to impatt heavilyi the demand for support from these fur)ds increased
further, and across all our hardship funds we have made over 900 grants in the last year, with a value of
more than £800,000, putting much needed supwrt directly into the hands of those in need.
Our Activities
Grant and Loan Making
We work to generate funding for Bucknnghamshire causes from a broad range of sources, Including 5tstutory
bodies, government programmes, national charity programme5, local business, trusts and private philanthropic
donor5.
Heart of Bucks awards grants and social investment loans to constituted not-for-profit groups, whlch Indudes
Registered and n0n-registe￿d Charities, Community Groups, Community Benefit Sc4ieties, Community
Interest Organisations (CIOS), incorporated Sports Clubs, Charitalje Incorporated Companies (excluding
tho* limited by shares) and Parish Councils operating within the administrative county of Buckinghamshire.
We also operdte a number of hardship fiJnds which give grants to individuals and families in crisis. For
these funds we work through a nthork of Community AdvoGltes - colleagues who are well-placed in the
community to promde holistic advice, debt and budgeting supwrt to the recipients of our grants, thus helping
to maximise the impact of a small cash grant.
Due to the bespoke nature of our donor servi￿, some funds may have specific eligibility criteria, or may be
targeted at particular themes or Lzuses that the donor wishes to support. In some cases, donors direct the
specific organisations to whom grants are to be made from thelr funds.
However, our real strength comes in to play when donors a￿ less certain about what tytRs of issues to
5UPPOrt, or which, out of a myriad of local and national organisations to donate too, is the best match for
their aspirations. We work closely with donors to develop an appropriate fund through sharing information
alK)ut local need5, as well as understanding what issues are imFortsnt to them and their families. However,
in all cases, eligibilty criteria are subjett to the over-arching grant-making policy of the Board of Trustees
which specifies a small number of exclusions, for example, charitles whose prlmary purpose is to support
animal welfare.
Applications are invited from eligible groups through a programme of marketing, promotion and outreath
activity aimed at reaching grassrcx)ts organi5ations across the County.
Page 11

On receipt of applications, Heart of Bucks staff condurt thorough due diligence checks, prior to the application
being considered by the Grants or Social Investment Loans Panels. These are Independent decision-making
bodies, drawn from a county-wide FK)ol of around 20 volunteers, working alongside donor representstives
where desired, and each led by a Heart of Buck5 trustee. At all decision-making meetings, panel members are
asked to declare any interests In the applications before them and, if 50 declared, ore excluded from decision
making on that item.
Decision-making for hardship funds is delegated to the staff team, in order that very quick decisions can
be given to relieve those in hardship. This is a150 the case for smaller grants made under our micro-grants
programme where the aim is to give small grants, with a quick turnaround to meet immedlate needs. These
grants are reported to our gBnts panel for independent scrutlny.
In the case of some of our Corporate Funds, the decision-making may be made solely by the donor company s
staff team. This enables the company's Workfo￿ to engage in charitable glvlng and to gain awareness of
community needs, in suP￿rt of the company's Corporate Social Responsibility Programme5.
The majority of grants awarded are £10,000 or less (£2,000 or less in the case of hardship funds or micro-
grants), but a numtrer of our newer funds this year increased the maximum grant available to £I5,(K￿. AII
payments over £10,000 are reported to the Finan￿ & Investment Committee for scrutiny.
Social Investment "Loans" may be awarded up to £25,000, repayable over a period up to five years. These
are inte￿St-fr￿, unsecured unregulated advan￿ of funds. Following due diligence checks, decisions on the
temis and condition of any advan￿ are determined by the ￿£la1 Investsnents (Loans) Committee.
Monitoring Impact
Ensuring that our donors, generosity is applied to the best possible effect is very important to us, so we
monitor the usage and impact of any funding awarded, We work closely with beneficiary organisations to
enable them to identify and report on the differen￿ the award has made to their community or Servi￿ users.
When End of Grant retX)rts are received, our Programmes Offi'cers review these against both the Ofiginal
purpose of the fund and the stated pur￿Se of the grant awarded, feeding back our findings to the reporting
organi5ation to help them both to ￿lebrate achievements and improve where ne￿sary. We also provide
gular impact rekK>rts to the original donors.
Community Leadership
Heart of Bucks has a growing role in community leadership. As a non-affiliated, Independently funded
organisation, we are ideally placed to bring knowledge and exp*rtise to influence local public policy around
Voluntary and Community Sector Strategy and o)mmunity development.
Our six theme Ambassadors are experts in their field and bring a wealth of knowledge to guide our research
and development work. We work closely with other infrastructure organisations and local funders, as well as
with our local Public Authorities to represent and refiect the aspitstions, needs and achievements of donors,
Icthl community groups and s(Kial enterprises. Throughout the last year we chaired the Joint Strategic
Funding Groupi bringing together several funders including those from the public sector, family trusts and
Page 12

thlrd sector to support our Buckinghamshire community.
This year we were delighted to gain the support of The National Lottery Community Fund to engage a Policy
& Insight Manager whose focus is to dig under the surface of an apparently affluent county and uncover the
areas of need where our fundlng and the work of the wider VCSE sector can be most benefiaal. Our new
Policy & Insight Manager has engaged with a broad range of l¢xal partners and community fora, to share
dats and insights into the needs across BuCkinghamshi￿. Thi5 work is informing a series of Bucks Uncovered
report5 to be published acro￿ the coming year.
In 2022-2023 we continued to a leading partner in the emerging Bucks Dats Exchange project, which
culminated in its successful launth in Septemter 2022 https://bucksdataexchange.orgl . This has brought
together data from across a range of Sour￿ and organisations to provide a more complete picture of the
xial needs, current funding and providers in Buckinghamshire than ever before.
Subsidiary Company
We have a separately constituted subsidiary companyi Buckinghamshire Community Foundation (Kop Hill
Climb) Limited. The purtx)se of this company is to raise charitsble funds for grant maknng, currently from the
Kop Hill Climb Festival. The surplus raised from this event is transferred to Heart of Bucks to provide grant-
making funds. Two trustees of Heart of Bucks sit as Directors for the subsidiary company along with thr
other Directors.
StrAtgic Eeert
Achievements and Performan
In 2022-2023 we had our largest ever grant making year, distributing over £2.2million in grant fvndingi
Sup￿rting 317 projects and nearly 906 households.
Our Development Team, funded with the assistantr of the Rothschild Foundation, continued to terfomi
impressively. We retrived £4.1 million in donations in the year, of which £1.6 million was invested in restricted
endowments to fund grants in perpetuity and £2.4 million was donated to restricted flow-through funds for
immediate grant making.
Unrestricted funds decreased by É0.4 million to £1.7 million after using a large unrestrlcted donation recelved
in the prior year to attract donation5 through match-funding in the current year. This match-funding and
related donations contributed over £877k to funding available for grants.
Of the £1.7 million unrestricted assets, £1.5 million relates to long term investments used to generate income
to defrdy operating costs, to ensure that the maximum possible proportion of donors, money can be passed
directly to grant recipients.
As demonstratsd in "How we benefit the public" above, we are an extremely broad rangingi pl0￿baSed
fiJnder able to 5uprK)rt a huge variety of causes and issues. In 2022-2023, our grants ranged from just £32 to
support a recently arrived Afghan family to buy school uniform, to a grant of £159,340 to the Bucks Poverty
Collaborative to build additional capacity in the county to support people experiencing poverty. The latter was
the result of a collaboration with three other local funders including the Rothschild Foundation, the An50n
Page 13

Charitable Trust and the Tory & Sheelagh Williams Trust.
To meet this growing n￿d we expanded our stsff team this year whilst, following the decline in covid
infections, we returned to a "business as usual" operatlon, albeit embracing flexible working to allow our
team to enjoy a hybrid working pattem with some days iri the Offi￿ and others at home.
We also revitali￿1 our previous outreach activity providing one on one support to a Trnge of groups, alongslde
our fund-speafic workshops whlch ran as an introduction to any new funds as they launched.
A significant number of new funds were initiated, focussed on a rnnge of Important areas including suicide
prevention, health inequalib'es, community safety and supporting the VCSE settor to recover from the fi'nancial
impatt of Covid-19.
We were also fortunate to benefit from further support from some fantastic local businesses, and continued
to build our Community Investors programme, which recognise5 business in Buckinghamshire who a
contributing financially ¢y through other fomis of support to help us to make our communlty Stronger.
Separately, we were delighted that a nurn￿r of household-name business partners Veolia, De Soutter, Stoke
Park and Bahlsen established new funds with us to engage with local charitable giving.
What did we achieve?
Some of our notsble achievements during the year-
£2.2m distribut8J in grant funding including over £800k in hardship funding to indiwdual households
Launched three new funds in partnership with colleagues in Public Health, including Health Equity Fund,
Community Safety Fund and the Young Peoples Wellbeing Fund
Launched our Crisis Appeal to SUp￿)rt families and individuals experienang finanaal difficulties
Launched appeals for hardship funds to support refugees into Bucks from Ukraine & Afghanistan
Re￿iVed funds of £1.6 million to endowment funds including significant donab'ons from the sale of The
Wyke residential home and closure of the Bucks Playing Field5 Association
Secured National Lottery Funding to enhance our capacity for research and anawsis
Launched the Bucks Data Exchange project.
Fundraising
We responded to the trauma caused by the evacuation of people from Afghanistan and Ukraine by continuing
to raise funds for our Helping Hand for Afghanistan and Helping Hand for Ukraine enabling local people to
show their support for those afferted by these awful events. To date these apFeals have raised £62k and
£77k respectively.
Meanwhile, we also responded to the needs of our local community affected by the ongoing c05t of living
crisis, by launching our Crisis Fund which enabled us to extend our support to those In need, regardless of
their family status. To date this appeal has raised £165k from the public.
Further donations from the local authority to a Helping Hand Fund have allowed over £800k to be granted in
totsl to individuals in crisis in the year.
Page 14

The Kop Hill Cllmb Festival had another successful year providing £IOOk in grnnts to the local community.
Future plans
The ability that we have to distribute grdnt funding in perFetuity is a testament to the vision of Sir Nigel
Mobbs, however our trustees are mindful that there is still much work to do to meet all the various needs of
our county, and to addre55 some of the more embedded, and often hidden challenges.
Our core gTrnts programmes will conilnue, wlth the addition of a number of new programmes that are
currently in development. Towards the end of this year we were working on a further collaborative funding
progrdmme to support the resilien￿ of the Voluntsry and Community Sector in Buckinghamshire
We will continue to w￿k with UKCF colleagues to manage transition to a new Salesft)rce platform which will
provide enhan￿d control of our data and improved dlrett a￿sS to infomiation for our donors and gTrntees,
We will publish a serie5 of Buths Uncovered ￿pOrtS, shining a spotlight on the demographic trend5 and
associated needs across our county.
Flnancial Review
Our work is entirely reliant on income and investment retums from our endowments, donatlons to our flow-
through funding progTrmme5 and other unrestritted donations received.
Heart of Bucks drnws funding from as wide a range of income streams as possible, including individual
philanthropic donors, cowate donors, local and ￿ntTr1 government, other national and regional funders,
trust5 and fundraising activity.
Durfng the year Heart of Bucks was the agent in Buckinghamshire for the Anchor Community Connections
Fund and the DCMS VSEP funding for Communities in Crisis. Other significant funding was received from
Bucknnghamshire Council for a numI￿r of different funding projrammes, Gannett Foundation, the trustees
of The Wyke and the Bucks Playing Relds Ass(￿latiOn, McGilvray Trust, the Hartmann Fund, Mulbery Trust,
Rectory Homes, Sherling Charitable Trust, the SPL4SH fund, our match-fund donor and from the National
Lottery Community Fund for our Policy & Insight work .
During the financial year Heart of Bucks recognised income totslling £5 million. Investment income (excluding
revaluation of investment funds) contributed £0.3 million of the income ￿ceiVed and a full analysis of this is
given in note 6 of the financial statements.
n total we held funds at year end with a value of £12.1 million (a change of £1.5 million from £10.6 million in
2021-2022. The year-end funds comprised £9.5 million of investments, with the remaining £2.6 million held
a5 cash, predominantly restricted for the purposes of grant making.
GTrnt funding of £2.2 million was distributed in the year, (£1.3 million 2021-2022).
The detsiled results for the company for the year ended 31 March 2023 are set out in the attached financial
ststements.
Page 15

Investments and Investment Policy
Heart of Bucks's Investment Policy is intended to achieve an appropriate balan￿ between protection and
growth of long-term investment funds and generation of income to fund grant awards and our overhead
costs. We aim to enhance our assets by investing in a range of instruments which are both tsx efficient and
responsive to liquidity requirements, and which exhibit the appropriate risk profiles.
Our Policy includes exdusions for some types of investments which we would not consider to fit well with
our vision for our local community. Exdusions include companies involved in tobacco or amis sales. Our
investment managers, CCLq and Sarasin are made aware of these ethical consideration5 and retX)rt regularly
on our investment Fortfolio.
Our Finan￿ and Investment Committee {F￿C) comprising some of our trustees and other extemal expert
volunteer5, monitor5 the performance of our investment houses to determine the optimum pla￿rnent for
the majority of our funds. There are a Small numter of funds, principally those deriving from Govemment
match-funding schemes, which are required to be invested in speafied investment houses by reason of the
conditions of their original award.
Investment performance is monitored on a monthly basis and reviewed quartedy by the F&IC who also have
oversight of the Social Investment (Loans} Committ&.
Despite a rally in the second half of the year, a pcor first half perf0rnan￿ resulted in an overall loss in
investment value of approximately 4% for the year.
Having considered the Performan￿ of our fund5, compared with benchmarks for similar funds, the Trustees
are satisfied with the perf0rrnan￿ of the investments during the year. They have considered, but have not
at this time chosen to adopt a "total return" approach.
ReseNes Policy
Heart of Bucks. poliq is that the unrestricted funds not committed or invested in tangible fixed assets should
include sufficient to cover the administfttion costs of the charity for a tEriod of 6 months.
Six months administration costs currently amount to approximately £225k, Thi5 forms part of our Gener31
Fund investments of £1.7 million representing long-term investments held in accordan￿ with the direttlons
of the trustees to create both long-temi capitsl growth and annual dividend income that can be used to help
defray operatlng costs. These can be liquidated at short nottce rf required.
Remuneratlon Pollcy
ResF(>nsibility for Heart of Buck5, ￿MUneratIon rests with the Board via our Remuneration committ￿ who
review our Pay and Reward Policy annually. Our aim is to pay mid-range sector-appropriate salartes to
ensure we are able to recruit and retain appropriately skilled staff to deliver Heart of Bucks, mission, whilst
maintslnlng a balan￿d budget.
Heart of Bucks is accredited to The Living Wage Foundatlon and is committed to paying at least the Real
Living Wage to all stsff. The remuneration package includes access to Group Life Assurance benefit, pension
Pdge 16

contribution, Long SeNice award, season ticket loan and access to the SmartHealth projramme, including
health advi￿, counselling sUPPOrt etc. Tnjstees do not re￿1ve remuneration although reasonable out-of-
pocket expenses are available for all Trustees and Sub-committee members.
Acknowledgements
The trustees would like to thank our public sector, national charity, charitable trust and corporate donots,
those who made philanthropic donations as individuals, families or through trust funds, and other supporters
who have made significant contributions to support our work during the past year,
We are indebted to the UKCF network for their endlessly generous sharing of resources and knowledge,
The Board would like to record their sincere thanks to our President, VI￿ President and Ambassadors and to
all the volunteer rnerntE￿ of our sutKommittees and panels and the KHC Board for hawng generously given
so much of their time and commitment.
Audltor
ATrts Audit SeNice5 were apwinted as auditor to the company and in accordan￿ with 5￿tion 485 of the
Companies Act 2006 a resolution proposing the appintment of aLKlitors for the next financial year will be put
at a f£neral M&ting.
Disclosure of information to auditor
So far as each person who wa5 a trustee at the date of approving thls rewrt Is aware, there is no relevant
audit information of which the company's auditor is unaware. Additionallyi the twstees individually have
tsken all the ne￿sSary steps that they ought to have tsken as trustees in order to make themselves aware
of all relevant audit information and to establish that the company's auditor is aware of that information.
The trustees, repjrt, induding the 5trntegic report, was approved by the Board of Trustees.
W. Moir Stewart - Chairman
BAP
31
Il

The trustees are responsible for preparing the Trustees, Report and the finanaal ststements in accordan
with applicable law and the United Kingdom Accounting stsndards.
The law applicable to charities in England and Wales require the trustees to p￿pare financial ststements for
each financlal year, which give a true and fair view of the state of affairs of the charity and of the resou￿5
and application of resources of the charity for that period. In preparing these financial statements, trustees
are requlred to:
Select suitable accounting policies and apply them con5iStentlyi
Observe the methods and principles of the Charities SORP
Make judgements and estimates that are reasonable and prudent
State whether applicable accounting standards have been followed, 5ubjett to any departure5 that are
disclosed and explained
Prepare the finanaal statements on the'going COn￿rn. basis, unless it is inappropriate to presume that
the charity will continue in business.
The trustees are reswnsible for keeping accounting records which disd05e, with reasonable accuracy the
financial position of the charity, and enable them to ensure that the financial ststements comply with the
Charities Act 1993, the Charity (Accounts and Reports) Regulations 2008 and the provisions of our governlng
d¢xument. They are also responsible for safeguardlng the assets of the charity and for tsking reasonable
steps for the preventr'on and detection of fraud or other irregularitie5. Finally, the trustees are also responsible
for the Maintenan￿ and integrity of any financial information included on the charities website and that
these accuTrtely represent the charity's txisition.
AI RWJ
-rJ%-.

BUCKINGHAMSHIRE COMMUNITY FOUNDATION
INDEPENDENT AUDITOR'S REPOFtr
TO THE TRUSTEES OF 8UCKINGHAMSHIRE COMMUNrrY FOUNDATION
Opinion
We have a(Klited the C(￿￿41datgj ffinancia slaterwts d B￿1r￿ham5hlre Cc*mnwnty Frthjalicm (the bare
Charitab￿ cury)anVI aThJ rf5 SUb￿dr￿ (the 'ryoup'i the year ended 31 March 2023 wlich ccrwse cl
cc￿￿￿1￿2Ied Staten*ntof FinarTrtia Aththes, group aThJ parentc(¥npany BaarKe Sheet the CA)r&dKlatedCAsh
Flth¥ sfatement and to the financiat Staten￿ts. includ]￿J a summary of sigmificart acc(wnb"ro policies. The
ffftancial repyting frJneMyk that ha% ap￿1￿￿ in their N8pwatKMI is apF4icatle law arKI Unrt&l ]Qn￿l￿n
Accwnting StarKlwts, vic1￿j1￿J F￿anCial RepJrting Standard 102 The F￿ranCra1 Re￿￿ng SlaThJard 4Flicable
Ihe UK and Rep￿lIe cl Irel￿￿ IUnit8d GpAw2lly Acceptgj ACc￿￿tiNj Pradicel.
In ￿￿O[lnIC￿, the fmancia stateFrknts:
give a falrviewofthe stale ￿the grDUP'5 Jvj parent charrtth crJro3rf5 8lfavs as al 31 Marth 2023
aTrJ of Il* mccfimro rexjurces aThJ application of r￿U[CeS. f￿the yearthw 8tMled,'
ha¥* been prepa￿￿ In a¢cud*KetAth Gew31tyAttqJted Accothir¥J Prack'c&". arrfl
Bths ￿ opinion
We ccfiducted acC(￿anCe *ilh Int￿r￿t￿l Standarts cffi Audilir¥J (LKI IISA8 {UK)l arbj atrfKat4e I￿.
OLW ￿$￿)nsIbIrrfles uTrJer ttThe standarfs are de5uib8Y li lthp A￿st(￿ re¥￿jn￿bllrtleS f(T the au(At of tr
fmanckl Stalen*￿ ￿t￿)n crf ow W We a￿ 1TrJeF￿je￿t of Ihe cliwty vi accotdance with the etN¢a
l￿wirenEntstha1 are re￿anttoryr athofthe financial Statem￿1n the UK induthmg Ihe FRC'S El￿"(31 SWdatd.
have fulfill*l (￿r ￿er ethica ￿SP￿S1)I￿tI8S acrxxdance wilh these We tdieve that the
ewiderKe ￿ Iwe cl)laYBJ is gjfficiert aTrJ atvrwiate to FXOVK* a basis tcrowopinKm.
Crmdusi0Th8 to ¢on¢em
Inauthbng the ffinanci￿ ststgrTwts. have C(￿c￿￿jed thattheln*' uSe0fthe￿W￿ oythm b*"sofacc
in Ihe preparalim Cl￿ financial ststen*nts is 4)•.
Based ￿ the M(rfk Y￿ have Iwe nLX hjenlified any rrwteria UnC￿&￿IleS relabrKJ lo ev￿
COn(tit￿ tha( TrJNpJualty (ff collecttvdy, may cast swtftcant dctht cffj Its ch￿8 at4.lty to ccfflbwe as a or4rrfJ
(kn resp)n5d)i￿¢ÈS ¥KI Ihe resF(Th*j￿I￿S (¢th&tr￿eesV11h rwto co￿eM ¥e (lescrt*d inlhe rd
sec1￿jn$￿th1s ￿[KYL
Other inlotmauon
The cdlkrlnfcThticm crnthe Inknnaticffl nlhe affl￿ rwl otherthan Ihe financial state￿￿￿5 aml
¢Xff auilltrs rep(xt therEc￿. Tr INst￿$ are re¥KwlJeforthe dlkr infcfmaticn COntaw￿ Yriifin the amua rwt.
Our OF4ric(¢ on the fi￿C￿l statements t*es ncl cover the other int(fn*t￿￿ aThJ. excgpt to Ihe exlert othavA5e
eX￿1C￿Y 5tataJ in reFUt, we eypress any fcmi ofaSsUr3n￿ conduson th￿ec￿.
oUr￿s￿￿$tbty isto read the ¢therirt)rff0Ucn *. in 9), CCI￿d￿￿ether￿ c4her infc1n￿'￿ is maten.atv
Inccn95tentth the finandal Stat￿￿rts or cur cllained in CWf5e oftl* a￿lt, or c4herv11￿ appews
to be materially nisstated. Ir we idpntsfy such matenal incors￿lenCies or apparent materia missta1err￿ts. we are
r￿lre￿ to deternine Ihls gtves iise to a material mi5Staten*nt in Ihe financkil statements then￿efves. Ir,
b*e(I the V￿ have p•fvrn%d. we ccfjc1￿￿ that thwe 15 a n¥lerfal nIsStst￿ of ￿.$ c4hw Inl(MT￿.rm.
we are requwed to reKxxt that fact
We h￿e Thjtring lo rewt in thi8 r￿d.
Page 19

BUCKINGHAMSHIRE COMMUNITY FOUNDATION
INDEPENDENT AUDITOR'S REPORT (coirfiNUED)
TO THE TRUSTEES OF BUCKINGHAMSHIRE COMMUNITY FOUNDATION
Opinic￿5 on oth81 matters prescribed by the C(*nkMntes Act 2006
In uxotlrion. basgj on Ihe w(rfk ￿dertaken in the Cou￿8 offwr authL
the jrrf0M￿tt￿ tyven in Ihotrustees, retortknlnefknancial year1￿v￿1chts flnanaa ststemwts ae wepaèj.
which indu(*s the dIreCt￿S, rerort and the strategtc iewt pTr[￿j for Ihe purp058s crf (Thwany law. Is
ccfisEtent vAth the financial statements". and
the strategic repjrt aThJ the rfwectCrf5' repcrft 1ndL￿￿j vithin Ihe tnJ5tee5' Trp(xl Exi pry￿1 in
aCCC(dan￿ Hryth w11&￿e IwJ4 wuirenwts.
latters ￿ vthich we we required to reth by excepti
In the light cl the knowledoe understarn1ing of Ihe oroup and chaiila)le company and tts erfvironmenl
c4Jtw"wJ in the of Ihe auth( have mt identified materia nT5Stater￿ts n the strabj￿ rèwt ￿ tr
drttlcrf5' repjrt vmhin the Inth4ees' repcrt
We ha￿ to rewl In r8SkxI LYlh&lollwThJ mattets kn relatKJn lo￿l(h the C(￿panIeS Act2(Kfj rwes
lo rep)rt to you rf, m wr cyn*Jn'.
ad￿ale acccuntiTrJ recorts h￿e been ket( a(knAte lor Thjr ¥Art ljeen ￿CeNed
ftDm PThche5 Th)t vfisital by￿.,
ceTtsin d15c1c￿ crftrLtstees' l¥munerat￿￿ SFeclfied ty ￿ are made" or
we have not[e￿v￿j al IhB and ex￿￿10￿ YR rB(wwetsrAT aLKIt
Re5ponsibilitles of tr￿leeS
As eXplain￿j mcfe fully in the stalwpnt of tr￿. mrKms*)litbe8. Ihe tw9t￿, ¥e a80 Ihe di￿￿5 crf the
gr￿J￿ and parent charilabbe cwwty fc( the pur[￿Se of conw law. ¥e r￿￿￿)le for the preparati￿ of thè
ancia and lor b￿"ThJ satisfied that gve a true and fw'r view, aTrJ fcf suth int￿nal ¢utrol as the
tnthes tstemine is necessary to en*Jle the prer4ratKm ￿ fmantia statemwts Ihat are fr* f￿ matena
In prqMrfNJ the fln8￿121 statements, Ihe Itustees are reS[•￿S1]￿ ￿ assessir¥J ts grc4p and pwent charltalxe
comp3nW5 ablty to (￿ue as a gring con￿rn. dI5￿￿J. as a￿lC￿, Matte￿ rElateJ to crn￿M ayl
ng the gcing concem ba%sofaccoLnting udesStstT￿tees thrintend tol1q￿ethegy0lVC￿ par￿*charrtaÈ￿e
ccffi￿y ￿ to cease cyeralpTh ot have rK) realksti'c alem*"ve Ixrt to do $0.
tjtofs res￿￿1111[￿eS wjit clthe firwaal
Afwther thscllptMNI clow [eSW￿ltIIrf1es 15 avzilatle on the Fwwnaa c￿E￿.5 wet* ar.
MWsJhww.frc.Lyg.￿lau￿trnW￿l￿f￿e5. Thi5 tssCripti￿ ftxrrns (1￿a￿lItorS reF4NL
Page 20

BUCKINGHAMSHIRE COMMUNITY FOUNDATION
INDEPENDENT AUDrroR'S REPORT (coKfiNUED)
TO THE TRUSTEES OF BUCKINGHAMSHIRE COMMUNITY FOUNDATION
Extent lo whlch audrt was c(msidered capable of detecting I￿egular1tieS induding tra￿1
Irregularitie5, incknliTrJ frJJd, are instarKes of ￿[￿-Ccthp1lance ￿th laws and r￿￿ats.c￿s. We desi￿ wcethre$ in
line with IXT reswnsily"ItDes. cwllined alThe al￿ on Fitwcial RetKJrting Cwncifs Wel￿e. lo detect maletsl
rrtsstatements In wct d￿re￿lal￿e5, inchK￿￿j fTrud.
We and update our uThye[5tandi￿ of the entity. Its aclivitses, its c(ytrol eThi[￿ likely lutwe
dw8k)￿7ents. iKlurfiTrJ in TPlati￿ tr) I￿ leo* a)d rea￿at¢￿Y franwcrt arrficknle the entity is
wtth Ihal franwKrfk. Based on thi5 ￿le[St￿1r0, we identsfy •MI awss the fTsks d maten.al tnsstatenmt of
$￿te￿nIs. vthether due to traud or effor. destgn aTrJ Fertomi aucrrt p[C￿U￿ Feswtsive lo Ihxe rf*s.
aTrJ cl)ta'n audit ewdence that is suffictenl arKF aFvopriate to rmvide a basi5 for our cynp3n. This
consi¢*ratwJn ofts Of￿ ￿tityth* wfre contrary to at¢licth arnj Wations. tsKÈudbig fraud.
In resForse to the fisk cl Irre￿￿lItieS n￿￿lIan￿ wUlat￿￿ Ind￿￿￿9 fTr￿1. dewwl
Enwry crfrnanage￿nt &￿thC￿e chargedwfth ￿￿*vem￿ce8r￿Th1 aThJ FQteNial libJaOcfiaTrJ cla
as well as xlual, SLLStectgJ ￿leg￿l fra￿j..
ReViev￿r￿ ￿ll￿L*S5 ofnwting5 ofthos9 chargthl whth ￿ance."
Asse5sw)g the extentof Ccffipliar￿ ￿1th the law5 aTrJ regLlaltons cThKidefed to fove a dlred materia drect
fThncial staterrEnts orthe Cr￿*￿)nS ofthe entity thTDwh erKJury aThJ inskvkn.,
with applc*Ae and Ttrwlat(ons:
Perfcrfrring ￿dit overthe risk of man4enwnt lia5 aTrJ overrileof C￿thIs. iKkKfing lestrmj ¢Xlwr
entries ar¥J other acIUgn￿ts aFwCwater￿5. evaluairwJ Ihe busn85s ￿'C￿819 of
Bec￿ of ￿ ￿￿rent ￿nItal￿)nS of an a￿[ 1here L8 a tisk Ihal we rnl d*ct ￿ 1Th&J￿arlIieS. ir￿￿Jing Ih
le*hg to a nBtetsl risst*enEnt In the fin￿da1 staten￿ts cf ￿￿-Cor￿)nance I￿1h reJAaliJn. This risk irKrease5
the mcfe Ih*ccmF4ance vthh a law￿regthation is ren￿edfrc￿ theeVents￿￿an5acbcrf￿ refiected WIthefin￿cÉ
Stalen￿ts. as we will be less likdy lo l*come aW￿P of lis￿CeS of TYjn-C(Wnr￿ar￿e. The iisk crf thteth"ThJ a
T￿1# misslaten￿t resultirwj Traud is higlwtsn ￿ c￿e res(Alng from errcf, as fra￿1 nw inbthe cLqlu5K￿.
Use ofow repNt
rewjrt i8 m>Je sdety to the and F4rent ch￿I￿le COM￿￿5 n*mber5. a5 a tjyfy. in acu)rd￿¢0
Cthapter 3 of Part 16 rf Ihe CcThpanies Act 2C￿6. OLW audit has IMn uThJertaken so that state to the
grG￿p and parent charrtaljle ccthpanys membw51JK¢e maEteTr we ￿e to staip to in ￿ ￿ditI￿$. rep¢)1
aTrJ for ￿ ottEr wrFQ5e. To the fullest exterrt pwnittgj by I￿. fk) Th)t acol oraswn* to any(
than the and p*enl charrtable c(Knpany and the wp * par￿rt charrtat)le conwarfy's a5 a
IK*Jy, kY{wr￿St vKMk. fly th"s rerKrt ￿[Or CfJ#iwJns Yft have f(¥Tr￿￿.
Christopher Nisbet
Chris1(yher Nitht BAIHonsl FCA (S￿10[ Statsrt(ry Audit
fcy and on bohdt of Azets A￿* $￿Vices
1110812023
Chartered ACco￿ten￿
Stalutwi Auditor
tesB&D
Punham Yarrl
P92JH
Page 21

BUCKINGHAMSHIRE COMMUNITY FOUNDATION
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2023
UNestricted Restricted ElKkn￿t
Funds
F￿d$
Funds
2023
Tcrfal Totsl Funds
2023
2022
Income and enth)w￿￿nts frorn:
97.268
•X<
I659.C￿5 1.633.a34
274.280
231.7TO
4,XJ.197
274.280
J4.816
11i54.587
207.030
258,692
4.169
Crthertrathng activities
lnv8Skn￿nts
73.046
Totsl and endtyHnw
171.814
3.165.145
1.6&3,￿ 4.970.793
2.524.478
Ex ndilure on:
Ralslw fLrt5
27.831
1SI,557
178,388
1e4),558
433,589 2289.823
2,7Z3.412
1.69),489
461.420
2.440.&90
2.901.￿0
1.&51,047
g*nW on lrnestn*nlg 14
1115.126)
(379,9r21
{495,0981
531,532
Net ((xitgoing￿￿￿i￿g
resource8 before transf
1404.732) 724.765 1.253.8Q 15TJ.895 1201.963
Gross Itansfers 15 (23.041)
1427.TT3)
8C4.ei4 1.197.(fj4
1.5rJ.895
1Jll,963
Fund baan￿ a 1 2D22
111B,385
1,011,077
7.462.YJ3 lo,5￿2.025 9.387.062
FWKI ba1￿CeS at 31 March 2023
1,690.612
1.815.681
8.659.627 12.165.920 10.591￿25
The statenErt offlnanul acbviks inclu(les all gal￿ aThJ h)sses rwised n the y.
Page 22

BUCKINGHAMSHIRE COMMUNITY FOUNDATION
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2023
Jl incorr£ aYJ expwwJbJro frcth activibgs.
AM Inccrfne fund5
2022
3.116,959
(115,1261
1.974.47T
293,093
PO.909)
Ga￿ 111055esl in￿r
T￿S1￿ fr(￿¥ lto)eThkn￿￿th ftnjs
T(rta incm in Ihe r￿ti￿j
3278,631
1246,661
2.￿)1.8(￿1
1,979.064
Net Income1{e￿ndilurej fortheye
376.831
267.597
Page 23

BUCKINGHAMSHIRE COMMUNITY FOUNDATION
CONSOUDATED BALANCE SHEEr
AS AT 31 MARCH 2023
anee Sheet 88 at 318t March 2023
Note
202Y
Fixed w¢ts
Targit4e as5etS
17
1B
10.091
9,114,807
9533.&95
9¥4.729
9.124.898
Debtorn tslling th* afterone year
Debtorn f¥lling one SEar
Cash at bank and in harKI
19
19
20.117
85.613
1.419,744
147,907
2.471.586
2.708,746
1.525,474
Credltors: *nomt• falling d
within one ye
187.5551
158,3471
2.621.191
1.487.127
Total aMets IBBS CUtreTht liabilitie•
12.165.920
10592.02S
ca￿al
End¢y*mient fUnds.￿e￿I
kncome
Restricled ftJrKI8
8.659.627
7,462A63
1,815.681
1,690,612
1.011mT
2,118,385
12.165,920
10,592.025
The directors ack1kn￿&￿9e Iharrest￿n8lb￿rtIeS for ccffiplySThJ the requirEments dthe Cornp8n495 Act 2006
e¢tto recorts ￿ Ihe prepwth" n cIfi￿c￿910￿te￿nts.
The Staten￿ts aWDved and Ou1h￿l8ed kjr 598ue by Ihe Tw3tee¥ on
a)z
Moir Stv*ut Ichaimwi)
T￿￿tte
Con¥Jany regL￿tra￿On rb). 03662246
Page 24

BUCKINGHAMSHIRE COMMUNITY FOUNDATION
CHARITY BALANCE SHEET
AS AT 31 MARCH 2023
Note
2023
Fixed assets
T•Lgbk 4s#ets
Imieslnxnts
17
10.100
9,533.695
10,CQ1
9,114,937
9.Y3.795
9,124,898
Current 85gets
Debtor¥ fo1￿.￿j aller one ￿ar
Debtors faI￿￿j thjewlhin one yeor
Co¥h at b&nk &r¥J ui hand
19
19
20,117
85.272
1,390.221
146,520
2,415.127
2,65D.9UO
1,495.610
Cred[￿. amounts tslllno dlle
within ye
179.613}
{50.8641
Net cwrurt asse18
2,571.287
1,444.746
Tot•1 al￿19 less Cu￿ent Ilabilitie
11115.082
10.%9.644
Capital fimd8
Endowm￿ funds.9￿￿￿
Income fthds
8.659.￿7
7.462.563
1.764.843
1.69D.612
988,6
Z118,365
12.115.Ce2
10569.644
Page 25

BUCKINGHAMSHIRE COMMUNITY FOUNDATION
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR TO 31 MARCH 2023
2022
Cash flows frC￿ operatiw aclivities
1.666.7Y3
Iwesting activities
lknhase oflangilxe fixed assets
(5.7121
1980,9461
66,
304.816
19.1391
(118.330
179.346
Ftrtteets on ￿SF(￿al of in￿sIn￿nts
Net cash generated fri)mllu8ed inl Invesllng
(614,8821
310.569
Net cash used in ffflanciTrJ xlivttses
Net Increesellthcreagel in cash and cash
equlvalents
1,051.841
761619
1,419.744
657.125
Cash aThJ cash efjllvalents at eThJ
1471.585
1.419.744
Relaling to:
Cxh at bank aKJ In haTrJ
1471.586
1.419.744
Page 26

BUCKINGHAMSHIRE COMMUNITY FOUNDATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
l Accounting policieg
Charity Trrf¢)rnMtlon
Buthnythamth"re ConNrwty Four￿￿tion i& a piiv&e company knrted bygLaronte* incotF*xabJ"
Eri¥and aTh1 Wales. The reg￿ter•I offce Now Rc•J, Weston T￿¥￿re. Aye8tsry, HP22
1.1 Accounling Con￿￿11(
CL¥npwkes Act 20[￿ and°Accoun*'ng Reportiry ty ￿ant[e8. Statem￿1 of Reojnmended
Ptath"ce aWi&•le lo ch￿tieS preparry the￿ act￿nts n acccrtance writh the Fmce Rwb'TrJ
Slandard wptic8L* ui Ihe UK a￿1 Repubfjc of Irel8nd IFRS 1021 lthcbvE 1 J￿￿2019).' The
clwty ry a B¢n¢fft Entityas dEfrtl ty FRS 101
The fowiciAI Ststements we [rya￿d in sterfng. whith i# Ihè frffjcltonal currenry ollhe
nctsits in tWe fmaniial slatements rcurthd to the nearegl £.
The *alemrynts been Frtpar&J LThJer Ihe hthrfcal Cost convtrrttffi. mothrf4ed to
inck**the r2va1u8ty￿ of investments cert8ri ins11w￿ at fair￿￿. The yiiclpal
12 G(ing
Atthtr tine of ￿p￿r¢j the *ater￿ts. the InBtees Wkve Ihat the tsity adequats
IJ cheritab1ef￿ds
Restricted fur¥Js are subject to s￿￿fiC #s to h(wlheyrrr8ytrK ￿ed. The
pwp)8es and of the restn"ct&J fiJndB are Bet in the ndes tothe fI￿ClI 8tstemeni8.
IA kn¢0￿￿ng
IncomTrJ made up rffcyjr ￿enue slreams. (kn•tions ltyacies. everts
inv¥t￿t wKtime and ¥Kon￿ from ccmmercid trad0￿
en..
a. The wp bewrw ent￿ to it* &Mb)n. kgacy or incorne cmd1￿ for
r￿￿p1 are met"
b. The Tnxtees &e re•gNth5y cethn ¢ and
Page 27

BUCKINGHAMSHIRE COMMUNITY FOUNDATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
When speufythat donal￿ arKI Carts grwrt8, we for pwtKul
restn.cted wrp09es. vrtu.ch do not 8nY*ffjt to pre-Ca)drtkns reg*iliwwJ enblkmenL thiy I￿￿2
inckwknj in ncoming re￿￿$ clrestrthJ ILThJ8.
Crynm¢vwl tradiru cpNutio>n8 rd8te to the athibej or the tr•fry Thp accounting
ides ol the 8th"diary we In lkne the and income is rewd8ed In accordance with Ihe
Evenl¥ ij rewJni¥ed al the F#int at *thich the event tskes Fla￿. Inccffle i8 ¢*fel￿d rt
hBS been fEceiveJJ Lxrt eilh&the enlillement to li has Cf it re]&les k) Ilthre events
Liabili1*s are ￿led al expenolture as therr i¥ a lx ccmstwctve rtlgatijn
the tharty to that ey4￿￿&, tt is prrA* thllt a translu of eco￿1¢ tsyefts wll bc
counted on ba$t& and has been d8Sgified headw that &￿egate dl c09t
related to the catem. Where ejxts te thr¢cty attributed to part•wlar tw have
Lwi d[Cut￿ to actNlieg on a consi51ert Ydth1he ￿ of re¥outces.
1.6 T•)glble Ilxed éMets
4wtsir l￿clU1 li¥c¥ ba
Tre gavb or Ioss a￿1￿j the of ￿ as*et asthB LN*K¢n 4￿¢
1.7 F￿ed a¥¥et In￿lment•
BCPS Fdity is to b)kl investmths primarily in ¢xder to generate and cap#al the
support crf its work ow o lon￿t￿ rerDJ. The effed rf this pc4ity is that ￿ed a8aet in¥estments
e shwi at open rnarket valuation in lin8 with 9JRP'AC￿￿Iitry By ch￿.. The SOFA indudes
r*t gfi￿8 I)5￿ ari8¥￿ on d18posth 1hroug1￿￿rt the year.
Page 28

BUCKINGHAMSHIRE COMMUNITY FOUNDATION
NOTES TO THE CONSOUDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Realiged and unreafmed goin¥
Unrealised galrn k>8Ee5 arise wI￿n ffx&J ttgets chrtl U8e or fixed a￿81 nveslments are
in ts l)th¢¢ Bheet ai anvxmis or mwket v4ue. Rediaed gains aTrJ losses we
IA knpaimKntof fixed aMets
At e•ch reihm date. the charity th? cwtyng I￿￿J1b￿ asse18 to
dEknune 4*hett￿ thexe L8 any indication Ihat those assets have suffered an inpoi￿ant k3s2b. Ir
exterbl ofthe inp•mwrt loBy lifwyl.
IJ C*th And c•¥sh equlvalonts
Cash cash W￿lUde cath in hdd at ¢11 L*nk8, olher short-temi
1.10 FinoThxal •MtnKnents
Tre chanty has dected to aptty Its of S&Xlon 11 F￿¥1 InslNnw*s' and
7 12 IBwe*' of FRS 102 to all (¢ its instrumerts.
th*e ts a en1(￿e&l￿e r¥Jht b? set the rec&Jnised ar￿Unts aTrJ tlwe an
Bagic financi￿ ass￿ I￿1￿￿e deblorB WKI bank bth￿e& gre Yiitialty meaSu￿a ot
irrtor& Fthandal assets classfj&Y 88 rncerrtjle wlPAn one year are wTrJli5ed.
B&sk finwKiallifjtsilitigS
B8ssc ffinancial li*ifibe&. aThl we re¢oJnlged at tranBac
me89ured althe prrsert vkn atlhe pa￿nents discounted ot a market rate af irtsrest.
Page 29

BUCKINGHAMSHIRE COMMUNITY FOUNDATION
NOTES TO THE CONSOUDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Tradè créditors rAJtybMs to pay for BenpiC•S that h￿e teen ac(Bired in Ihe
c(Krse Df operalThs sw)p1￿. Amurts ppsvbt¢ pre da53ff￿ as Ixwrent liobilths rf
wtthln one le88. Ifirf tw are pregenknj as l¢d)lliUe& Trnde CTedrtuB we
rewiwd ini11d￿ at tr8nsacli￿ k¥bce ond SubSeq￿ty rn2a8ured at amorI￿ed ¢Tht usir#J Ihe
liytrAlies are derecogmi5e¢l the ¢harW8 expire cr we
1.11 Retirement be
1.12 Op￿•th1o Le88e
CXPBrw ￿ a atiawJht Ire over thB tem ¢Athe lease.
Wlwe * is tots to olkct the 7[rfDTh￿offt. gkfts kind ¥e iicluded in Ihe fln8ncial
eThlthre is recoJ4sed in rel￿rt SOFA heading.
1.14 of &in8olld•tlon
Buckn'rrfJl￿mshTe cc￿ty Foundation IKop Hill Clrlknl Lunited an a Ine-tyknne basis. A sep8rat¢
ststBmert%* Financi81 Aciwiw and inKme and expendittn account lorthe Mt L
esentsd ￿Cause lak￿ thantage Lrfthe exempbjn 8lkrfth1 ty Sect￿ 408
ofthe ctsrwi.es Ad 2(￿6{see r¥Ae 291.
iestricted arKI endLFwmenl twids to Ihe th¥estrided fi#￿ 09 m8nagementfee& In
se ha¥e t¢en We￿Ie￿ ￿ the SOFA as inc(￿* in the unrejtrcrted fund and expensvd ￿ th¢
"ded a￿1 endrywmentthjnds. A deciyton was taken forth8 year 31 March 2023 that the*
1.16 T￿tion
1.17 Retirement benefrtj
tr￿ff of wlain ernployees. we thorged to the in the made. Th
Page 30

BUCKINGHAMSHIRE COMMUNITY FOUNDATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENOED 31 MARCH 2023
Z Critfic•l #eco￿ltIng estim￿ and
In Ihe applkation of ¢harWB accounting pdirie8. the tru8teeg we to mok¢
egtTrnates aBwmptr"(ro **Jrt th8 carr>%¥J 8mDunt d 898ets and liabi1th8 that are ¥w)t re￿filY
experien￿ ¢)ther facts& tw we to LE televant. Aciual TesLét8 dDTer these
aCCc￿ni￿9 estknate& are re¢c￿l$ed h the perhjd in the ejtimate is ￿￿￿ed wrt￿[￿
11 LkprKiatiun c¢ lo￿￿ble r￿ed *#*et8
<)Nw ts #kn"m8ted Ile.
i￿tiOn ora styifficanl pattem t￿￿11￿ ts ¢(ThP8ny eygects to ¢orfjwne ￿ a8srfs
22 Bad d•bt provislon
Page 31

BUCKINGHAMSHIRE COMMUNITY FOUNDATION
NOTES TO THE CONSOUDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
3. Don•tion• and legacie#
Tolal
f￿d8
2023
funda fim(1g general
20TJ
2023
20ZJ
97.26B 1440.576
218.S19
1.633.834
4,171.678
218.519
2.D24.587
30.0￿1
GraNB
97.268
1659.095
1.633.B34
4.390.197
2.054,587
For the year eThJed 31 March 2022
53.755
1,479.956
88.119
1.621,820
1,621,
Donation• glli•
6,400
1409,380
24,796
6.4(￿)
4.137.561
27.7t7
94.347
1921
1.633.834
1,994,984
23.603
Grfl •bJ
97.288
1440,576
1.fj33,834
4.171.678
2.024.586
Gifts in ￿nd rel* to #emees wovthd lo the Charity ind￿rIng accwntanry bDokkeepvwJ £6.40012022'. £6.IICrf)I.
The gubsithary runs a ¢haritat4e event for the ¥ervKeJ rf aFvr0￿M￿t￿Y 30D ¥O￿nteerS a￿ ubli8ed to JKI wdh
Ihe wnnwj. In adthtion to￿ olner volwl8ry 8ervicvx by 8 crxe ma1kqgerT￿t le￿ to prepare 8VUItth
the yw, these service5 hb¥e not Lwi ￿¢c￿nIsed in 1he financral ststements ol the ￿￿thary, Th)r thes2
cc￿￿￿1daknJ f￿￿¢1￿1 slateme￿￿￿ 17 Ihe drffKuttyln plac￿ a v•lL* an tr￿Se seThiceB.
Gr￿ts receivabl
118,519
100,OQJ
118.519
10D.OC
Gr￿1$ into re8trkt&J fun(Js
218,519
218.519
Page 32

BUCKINGHAMSHIRE COMMUNITY FOUNDATION
NOTES TO THE CONSOUDATED FINANCIAL STATEMENTS
FOR THE YEAR ENOED 31 MARCH 2023
4. Other T￿￿ting
UnrHtrict¢d RMtri¢ted
fvnds
fund
20YJ
2023
Total
2023
2022
274.280
274.2eo
207,030
274.280
274.2eo
207,030
The 174med tr*￿￿g sub￿d[ary Bu¢knngh￿￿e comm￿￿ Ftsjndatbjn (Kop Hill cfimb) Linrted (KHC Ltd).
inCC¥Fwated Unrf¢d KingJcTh Icornpany nurn￿r 094956701 pap al otits wofitSto the chaiTty under the gift 4id
cheme. KHC Ltd unthrtakes the operatton ofthe Kop Hfll CIMnb event ¥thich tskes p*ce ￿nUaty. Tlki
tre enlwe #h•e copbl (1 Share of £1).
The surtvnwy fv￿￿oI p￿ornce ofts zubsithary akinB.'
Total
2023
2022
Twnover
Donal¢M ald 9rf18 #i
Evant ¢c4ts
Olher costs
274.280
16.104
(149.7281
123.0491
207,030
34.288
1100.306)
128.517)
Nel Surpth I)efO￿ aid d(￿alw)n8
In￿nt gfft to the th￿lty
117.607
189,1501
111495
198.8261
lovel￿nt on athidiarY¥ 11
28.457
13,869
The a8setg aThJ fiabl￿ ollhe 9￿b￿dIary were:
Flxed as¥ets
935
57.845
172421
29,864
17,4B4>
Currert liablrf
T(￿ net a58etB
g).838
AggrBgate 8hare capitol rN¢r
50.838
21360
Page 33

BUCKINGHAMSHIRE COMMUNITY FOUNDATION
NOTE5 TO THE CON50UDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Gov¢mment and Loeal A￿t￿rIty P8rlne
O¢mti¢Th received fromthe Govemrrmt and local aulhoth into ￿$biCted Iw*Js
2023
3J22
BtxkfiWm8hkne ewncA
Doparbnentft￿CUltUrE, MtsJiD and Sport
NHS BuckinglMm5hire CCG
Arts Engl8￿1
Thomeg Valley PolKe
1,141978
585,469
43.OLWJ
40.847
91,YJ2
1,24&15B
669A16
Page 34

BUCKINGHAMSHIRE COMMUNITY FOUNDATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
& InTKStmenl¥
Unyegtrfcted Re3￿cted
fund8
lund8
2023
2023
Total Lknre9thcte¢l Re8lricted Total
2023
2022
2W22
Income frcm listed iwestrnents
thterest ￿￿Vable
48,363
24,683
222.172 270.535
9.59B 34.281
50.748
87
207,857 258.605
87
231.770 W.816
50.835
207.857 258.692
T.Othef lrnoffte
nd
2023
fund&
2023
2022
2022
3,189
1,000
3,169
4.169
4.169
Page 35

Page 36

BUCKINGHAMSHIRE COMMUNITY FOUNDATION
NOTES TO THE CONSOUDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
9. Chartla>le a¢￿VItIeS
2023
Staff cost$
O¢wttiation arKI ryn￿￿ent
381,485
4.769
2.450
2.117
279.108
T8*p￿ &PPS
SubgcriFdbx
Travell1r￿j
Ccmputer g)
5.136
6.111
26,498
Training
Bad debts
1,902
1,765
7.036
Leg01 & corauwancy
A¢wunkncy & boakkeep
A￿litryI remuneratK•n
28
8.Tr)O
13.860
3,725
3,326
17.1(Y)
3.253
5.026
4S1.802
357.e12
Grant fvTrling18ee nole 101
1271,810
1m2.877
2,723,412
1,69J,489
ur￿triCted fund8
341.974
1.348.515
Re8lri¢ted tWKts
2289.823
2.723,412
1,69D,489
Page 37

BUCKINGHAMSHIRE COMMUNITY FOUNDATION
NOTES TO THE CONSOUDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
10 Clwitsble *tlvttie*- Grant Fundlng
2023
2022
Gr￿ lo inStslu￿￿&
32 c1£10.C#JO 8nd above12022'. 121
94 of£5,o￿£9.w3.￿d{2o21' 711
146 of £1,C(¥W.939.99120221521
45 wants rf£IW99.991202i 3n
519.053
560.0
357.194
24.538
176.948
382254
403.784
18202
1.460.821
981288
GMlg to knd1v11￿
359 grwhts of£1.c￿l￿£4,999.s9{2O￿. 1361
547 of£O.$999.9912022: 337)
575,619
2JS,170
205.466
146.1Zd
810,789
3S1.589
2,271,610
1,332.877
The total grnnls paid lo of £10,rth and ab￿e duriryJ yeorwas OJ follry•8.'
CcfflnBc￿n Surport
Ccmunity Yc¢Jth Venbrn CIC12 gr4nts>
Wycort¢ Youlh Action12 ￿ants)
8u¢k8 DBabik) SeNicas12 gantsl
Wycorr*¢ H(¥nekJ8 Cr￿￿￿nI2 grBnis1
Safety Centr
Wycon*¢ Mvxl
159,340
43,(#)5
29.SBO
23,487
25,000
13,61XJ
11296
11126
10.359
10.2S8
10.(K
10.COJ
10.IXIJ
10.C4JO
10.1)XJ
10,CwXI
10,C
10,C
10,(￿0
10,(
10,C
10,&)0
10,1)XI
Y¢xth Concem
Thames Vall2y Rethyalrye Justic
Age UK 8ud(irWJh￿11E
Aylestrtjry HoDwle5s Ach￿ l>w)
Babies18t
Chews*y Vil*e Hdl
CibzenB Buck
Impact &Jck8
CN8e Bereavement Cwe
LoTrJ Crendon Wll•Je A35ociatsL#)
wol￿d Gwikn CIO
N¥bon81 Council for Ihe Trainig of Jcthdi51B
Neurc*fNerne Sdf Athlocacy Pwtner¥hip C.l.C.
0￿eY Vltage Stt>r¢s Lirrrited
Re-erw Ifcmerfy e￿tactthe Bderfyl
Page 38

BUCKINGHAMSHIRE COMMUNITY FOUNDATION
NOTES TO THE CONSOUDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
sO￿th Bucks Comselllng
Southcourt Bat*"8t Church
stokenchurch Pwi¥h C￿ntil
Thomley Hall Cenlre Lvnited
Wyeombe Merilage ArtsTnk8t
lo,￿
10.tlxi
10.000
10.IKLI
111t(
Page 39

BUCKINGHAMSHIRE COMMUNITY FOUNDATION
NOTES TO THE CONSOUDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
li. Ayditrf* rernuneratlon
20TJ
3J22
Fees pay*¥le to the a￿litt¥s.
A￿￿t ¢Xthe ￿nUal ocwjnts
17.100
13,860
12 Trustee5
None of the Ic( ￿Y pe￿¢ eonnerted with them) re*iv& any r￿n￿erat[￿ or benejtb frc
the chtrity durng the year. 12022: £01. £1,130 of exper￿ rembursed to tru5tee$ li thp yew.
(￿". £01
Page 40

BUCKINGHAMSHIRE COMMUNITY FOUNDATION
NOTES TO THE CONSOUDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
11 Employee0
Number of ernploye
The avera￿ nwrt•rc( •mploy&J bythe FcuTh1a￿0n 4JuiMw theyearwas:
2023
Dwect charrtable
Athini5trabve
Manaqwnent
11
10
Empltsyn*nt cogt8
2023
2022
Wwes •nd mI￿leS
Social Secuiity cosls
325.821
27.076
254,859
19.150
1,465
279,108
The FounddiDn ha8 8ev&) [￿1.1￿* empwes. the 8t8ff txrttimo.
Key Management Pcrwnnd IV￿neral￿jn in Ihe yettrtotsll&J £163,6751202t. £148,881}
exce8¥ of £60.OUU.12022: onel
exceert £60.000 M £1.761.
14. N¢t g•in*l on In¥e•trnents
Un￿￿tricted En(hiwm¢nt
fund
Fund•
Total Uweslrict>J Endow
fvnd8
Funds
Tot81
2023
2023
2023
2022
2022
2D22
RevalualiTh) of
wNestments
1115,1261
1379.9721 1495,0981
75,032
456.500
531,532
Page 41

,1 IEI I
Page 42

BUCKINGHAMSHIRE COMMUNITY FOUNDATION
NOTE5 TO THE CONSOLIDATED FINAhtClAL STATEMENTS
FOR THE YEAR eNDED 31 MARCH 2023
CyrbyEr51w ofÉthdowMeAtFunds tolKome
ReLwlPnc8 Itthxdurfr4thè ptsYthtsAn*tywYe¥. Therd6y•iI fuThSh**5d2rMÈd tOf*a5e kXry¢aS kn kn8
unellao1￿fvnd, Intr£ryyex£154,014va5
4.149
Page 43

BUCKINGHAMSHIRE COMMUNITY FOUNDATION
NOTES TO THE CONSOUDATED FINANCIAL STATEMENTS
FOR THE YEAR ÉNDED 31 MARCH 2023
17. Tahoblt Flxed Ass•ts- CoDsolld*ed
Plant and
fithng5
C05t
At l April 2022
Adtfthns
51400
7t1.840
5.712
t.949
2.595
At31 PA*¢h2023
55.091
81.552
D&wK7atson thpalmient
At l Aprd" 2022
45.0
85,749
4.780
234
At31 Mwrh 2023
2128Q
48.998
70.518
•rr)*1g amount
At31 March 2022
10.C41
At 31 Ma￿h 2023
4.(PJ7
TangiblE Fixed A55ets- Chavity
F￿r¥S and Camputer5
fitrin95
At i Awi 2022
A￿￿tr"or&
19.381
1.949
52.408
2.5D5
71.8TT
At31 Marth 2023
21.330
55.001
70.421
D*pY•caatson and wnpairment
At l April 2022
10.11
45.670
61.788
4.935
At 31 MarEh 2tr23
17.322
8a.321
c￿￿¥19 amount
At 31 2022
1.820
10.091
At 31 2023
fj.092
10.1C
Page 44

BUCKINGHAMSHIRE COMMUNITY FOUNDATION
NOTES TO THE CONSOUDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
1& Flxed a•#et Investments
Listed
Investments
C<)8t or TAluatic
At l April 2022
9.114.807
98D.946
{495.0￿}
166.wl
tX8W8
At 31 March 20TJ
9,533,695
At 31 Phrth 2
9,114.807
At 31 PAwch 2
9,$33.695
5ar85in & Partners GIcI￿ B•lwc¢dAiphB Con¥Mn Inve$kn￿ Fw¥J for ETrJohToenl Ifncome Unitg):
£3.689.680 I￿22. £3.546,8931
CCLA COIF ChaFrfRg IrNestment F￿￿". £S.844,015 12022 £5.567.915}
The hL8toricd cost fiwj 8¥8et at 31 March 2)23 *B&£7225,￿S PD22:
£6.116.9531
Thc iThJividuo1 Chanty kncludes the asgets a8 8b)vq plus the £1 sh8re in BuckinObamth"re Comrwnity
Fourthtion (Kop Hill Clitri)) L(mlted vthich M a 100% Su￿¢S8ry <rf BuckirKJhamshwe Communr
Fourthti¢yL Tr registefed office Is New Road, We5kn Twyille, Aylesbury. HP22 SQT. Tr compw
rwmberis 0949S670. The￿n￿GI81 perf(Nme￿? ofthe ￿bIl￿ary Is WKle 4.
Page 45

BUCKINGHAMSHIRE COMMUNITY FOUNDATION
NOTES TO THE CONSOUDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
19. Debtm- Group
2023
Arnounts falling wrlhin one year:
Trnde debtus
13N7
134.060
14,251
71,362
147.907
85,613
2023
Amounts f4llng aft¢r (M)e y¢w:
29.283
59.971
.117
A¢￿￿j Inujne
237,161
105.730
tl•btor8.Chwity
3)23
Amoffjts faillng duè wlthln onè y¢ar:
Trnde del)kns
13047
I￿.673
14,251
71,021
14653)
85272
ZJ
Amounts 14llng more than one year:
29.283
$9.971
20.117
InCC￿
Totsl ¢lebtor8
235.774
105.389
Debt￿S are recc*Jn*ed at the setYerr￿t am￿jnI due les5 any ￿¥0¥151￿ foidothuul Ltyjls.
Prep8yments areV&lu￿I 8t the *nount wep8NI, calculated on 8 rmnth bjmonlh bass.
Pdge 46

BUCKINGHAMSHIRE COMMUNITY FOUNDATION
NOTES TO THE CONSOUDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
20. Credttor8: omounts falllng du8 wlthin one year- Gro
2023
2022
Bank overdrafts
Cllher tsxabon 8OCtal gecuiTiy
Trade ¢reditrJrs
14.465
4.656
48.300
22.134
7,429
6,050
25,591
19277
87,555
58.347
Credltorg: falllno due wlthin one year- Ch*lty
2023
2022
Bank overdraft8
t&X8bon S￿la1 8￿ul1ty
Trade eredrtors
14,465
7.429
6.050
25,591
11,T94
14.192
79,613
that wcègbty twansferolfuTrtsto o thtrd and the arn￿￿1 i*JÈ io setue the
omgalon can te m¢&w￿l we5tun*d le￿&bfy. Cr&Jitors aTrJ provisions are rEcogni8ed at
Page 47

BUCKINGHAMSHIRE COMMUNITY FOUNDATION
NOTES TO THE CONSOUDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
21. DefewrEd Inmne
Deferred is the st8terne￿ as fcdl
Deferyed kn¢lW *ilh"n C[8th￿. Grwp
20TJ
open￿￿j b818n
Defer￿d in Ihe year
5,887
2,791
15.8871
1,425
12,7911
Clwng bd8nct a8 8t31 Mwth 2023
1,425
1791
Page 48

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18821¥I¥R"
47
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28 11
*a
28g=
Iiiillliiji
21k&&&&uauts(?
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Page 49

i I 'ggsgl'
l 11 11.1511
¢0 ro
¢Q LL
Page 50

11
v¢rf
115113
Zuvuuv
Page 51

2%Z% 88£
g's S
r t7J ¢
ryj
Ilaiiili&ll I IiÈli&
iz z
51115115
Page 52

OOPO
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¥*lliiliiiliilllkii
z z zzoo
Page 53

Page 54

o*
11 i"
8as
¢ry
Page 55

BUCKINGHAMSHIRE COMMUNITY FOUNDATION
NOTES TO THE CONSOUDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
2& Re¥tricted and Entknwt Fw
ACE Lets CreateJubilee Fund
A F1￿-thI￿jgh FuThJ to sw)F¥J1 volurtgry to dwelcp creatNe ojllural athitses
partofthe ￿eerfs Hats"nLwn JulM"l* celebratMTh in June 2022
hor ComThxmity Connection F￿d
A Fkn￿thTCIWh FuTrJ to siiwt con¥nuNtyfc*JJ prqects.
and C￿l￿e Fund
A Fhxfvlhrw aTrJ an Fund in ajre￿ntwith a sirole d[1￿10 swcrt p￿4￿ts relathig to Art
jA￿￿￿Ie1cher F￿d
Aiivj pecfAe
Bahlsen Cornrywnity Fund
BCF (KHCI Limlted
A Fbw-thwh fwd lo suKwl rJwsatiL¥L8 in (yisi$ tsj lh¢ Covi&19 p•Th1emic.
BCRA. Bucks Corcthvints Resp)nse Ap￿1. Restricted for Inthviduds
A Fbx-thr(MJah f￿1￿ Io SUkwi1n(￿Vi￿￿L8 aifecbj by the Covid.19 paTrJen4c.
Big Heallsurviving Winter Fund
A throW FLnd ￿ grc4WS gJPFth"rwJ rOe strLyJW r¢Jvwty.
BP Collin5
A FkS￿lhrcWh FyTrJ to swpcKt knca comrNmty gr￿￿chart￿eS Bucks.
Brftlsh Red Cmss Fund
A Fk￿th[llWh FutKI supwrtuYJ ConxnLmlty￿dm1 4)ace8 atMI I￿1
JcklnghrnhiTe cap￿ItyFffld
A F￿￿-1￿roWh ftnd to award large paiMh"p a￿llbe1ng WC•JrJrrrE.
Buckinghamshire ErnergeKyAs5istsnce FuThJ
A Fk*￿thrfMW FuThl to promde l￿fi￿dUal crtsig grants to re￿￿ents d &JCki￿h￿.re experiencro a sh)rt-
term ut5is rdated l) the tqrKJBmic.
Page 56

BUCKINGHAMSHIRE COMMUNITY FOUNDATION
NOTES TO THE CONSOUDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
B￿kS Anny Reserve and Ca¢lets' F￿d
A Flo1￿1[￿￿ and ￿ End(￿￿t to SUFwi ex4emc￿n8n and thar farnifjes.
Society Bank
A Fl￿th[[￿lgh FutKI for ts pThisMJn Of￿￿5 kn COnvn￿tygW.
Bucks Builolng SoC￿ty
A FkNwthrough f(T genwa ch￿l￿e rfftds. a5 * ¥￿th Bucks Buiklw
A FIQfvthn￿h l￿d to 3Utwl C￿￿￿sat￿)￿S and NYJ￿¥S n ui5is dueto the CrwNJ-19 Fonde￿¢
Bwks Coronavints Slabilisation FUNI
A FlO￿thr￿ f￿￿ to suw)rt 1jw￿sations to ￿Cc￿er1 st**e fdbwing Co￿(￿19 paThJerric.
B￿kS Council Employee Hordship Fthd
A FlOwthrW￿ l￿d lo sur(th iTrJvpJuais in uisis 35 bylhe
Bucks mason￿ FWKI [kI￿AdvIsed
d￿MIe¢ by the ¢Jyby.
Bucks M&s(fflic Fund Grarts P&*1
decKJb*J by gtants *.
Bucks Plawng Field AsSoda￿On Legacy Fund
Paclliljes.
Bwrell Fun
C￿unIty Investors
A Fbwthrouoth arvj FuThJ tofa(ilrtategr*iTrJ by Ic(a tx￿1￿ in to ￿Tal
CLwnmunty Safety Fund
A Fkw-ttwW FLDJ Fu]￿ts adl￿8￿ThJ the conYnLllnty Pltorities dthe I*JKf.
CtsLWatwe Food S•cwity
Crisis FWMI
A Flow-thw fuThJ to sy*Jt lnLfjVTrJ￿l5 in ui5iS.
Page 57

BUCKINGHAMSHIRE COMMUNITY FOUNDATION
NOTES TO THE CONSOUDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Cunmino5 FuTrJ
A Fkn*thr￿h aThJ Fund to SUFWt kncal CLYrfftJiuty g[D￿1(harlieS *ithin Buck&
A Fky*through Fund to SUFWt gen￿￿ ch￿115[￿e
DCMS VCSEP Fund
De Soutter Ale￿￿al FuThJ
A Fb)A-thtr4￿h FuThJ to SWF*Jt wc*cts refal&J lo OL8*41ty, EOJcatb)n ￿TT￿ning Wlh ￿ ￿1*
Diamond JulMl8e Fwd
Endurnl Furbj f(￿ general chailale as a￿d wilh thedcffl
ESRI UK
Famlw Anws
A Fkwthrcuji FuKI to $irpJtwcrfklngMlTres In slKrt-temi crts15.
A FIow-thrW to ￿ tWWP5 aThJ indvKILK* allert•J by tr￿.
Gtr*cott
A Fkwthiw Fubj Io SLfVJt wlNn 5km otthe G￿c01t Fields Sdar
Glllian lfjng Fw
A FkNbthr(4JJh FuTrJ to 5UF(¥Jt tharitthe negts a5 W9Jv￿Ih the thJrKfS.
(knn C(rnmity Fund
Green Schcx)Is Fw
A F1￿thrc￿h FuThJ lo d4ritaAe neth espodlty heatlh and
envirOn￿L
HJrtmann Il￿ Ath"sed)
A Fkn¥-thrcuJh f￿d to suw*Jtgenerd charitatile need5 *ilh ctTh4) by t>￿[.
Health Equlty Fund
A FIow-tt)riwh FurKI focus5&1 ￿ re(l￿1r￿j heatth iwualiti&8 that iftwact the lrfe 8xpec￿cY aTrJ ryiaty
of life f￿ sonp ethrmc corr¥nuT¥ty"es acro&s Bu￿.n￿￿Ttshire
Heltyng Hand F￿d
A FIJv-thrcvJh Furbj to inthbiduas li 8uckinghwn5hire vtho are experi￿YjTr7¥*a c
hatthp
Page 58

BUCKINGHAMSHIRE COMMUNITY FOUNDATION
NOTES TO THE CONSOUDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Hel￿n0 Hand Fund foi Aftyiani$tan
A Fbyw-IhrcAffjh FU￿ lo ccotdÉnate Ihe colleclkn ofihjnakn from acrDSS BIKktrWan￿tO sutqjcrft
aNived reANJees trom hIg￿lstan
HelpiThJ Hand. Ukrainians in Bucks
A FkJvElhrwgh Furnl lo c(*xd¥iate the collectkn ofthM*tkY6 frc*n actrtss ￿￿￿￿aMshyeto suwcrft
alth Well4eing w Fund
A Fkjw-thrw and Fun(1 ￿Ning r￿[tirAe 0)n￿510 w(ieds relalino to he4th aThJ
eln)eÈng across BuckWiWth￿e.
righ Sheriff Fund
Keizner Fw
Kid5 In Sport Fwml
5WNJ Fe￿Ie in BuCkIn￿￿n￿￿e.
Levs Talk4bwt CancoT NHS kwp Us, Help You
M&G InveslnMt Bank Fund
Martin Bak
A FknwIhr￿h FurKI for￿￿5 vthwvJ wth ywTrJ to help FKewe If*m rnaty fcf wuk.
MCCA1￿ F￿
rf&Jn heathy fc#A cOnse￿ati(￿ aThJ the ¢￿t(*￿. 9￿)￿￿ heath th welTr)@iw ed￿allOn, LGBTQ+
M1 emimwt
A4oviw Our CoiimNmity
A PrfYW4hrC￿h FLWKI to s￿p￿t Cowd recjMYtr￿&* acuvty.
Mull*ny F￿d
Nalional Loltery Cornmunty Fund_ Policy & Insight
A ffj to supth the cc6ts d a ftdl tin* emptyee at Bu¢hlNtsnthre F￿￿laI￿Jn
icy to Ihe lcd ch¥[￿e sectLY.
Page 59

BUCKINGHAMSHIRE COMMUNITY FOUNDATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
NET CoronaYiru5 Appeal
A Fkwthnvjh find t0s￿th C￿￿Sat￿n8 **lh tt*ir ￿SE#￿Se b Ihe CovNJ.19
Newsquest Cash kn Chwitses Fw
Nyc Imlloughty Fw
A Fk)W-thwh FuTh1 to sy)rAJt grasrcds SFuts wciects in ButhThtsm5Fure.
C4w Brilish Schwl F￿￿1
living h) IJ￿.
Ostrer Fund
Peter C￿thI1
A Fky*thrcwh FuTra to s￿r￿t heallh aThJ ￿111￿￿, arts (wltwe thatiC￿ a￿1 trdw¥ThJ.
Police PropertyPLt Fwd
A Fkyw-thrcuJh FuTrJ to swp¥Jt al￿￿￿1th ts strabJic (￿'ec￿ rfthe Pclice
aThJ crin￿ FI￿ Tharr￿ Valkny 2017-21.
Roth5cluld
R1>wIar￿ Ethxatfion Fund
A ￿t￿r(￿jh FLrt b) t* b) fuTrJ tc¥rrd &Ju(ali￿ in Sxrth Buds aN1 High Wycunte.
RSET
BU￿ngha￿hIre.
Saviw Llves Fund
A Flaw-thrrAffjh FLnJ to swr*yt wc*cts vh¥th frKu5 on prevwllno
Sherfing DI￿orA￿Sed Fu¥J
A FIow-thrcvJh Flrf tow)[￿ ugamsatsrTh as threctsd tythe
Sherfing FWKI
A FIow-IhKK¥Jh arnj ￿ Etx*yhThnt FU￿ to thaiitable neets. eskEcthsKKxts rArpd&
Single tknnations
A FkjW-thrC￿h FuTrJ to maroje off vthlch th) rk]t relate to ttherknJ5. to te •w¥ded In
specific grants.
Page 60

BUCKINGHAMSHIRE COMMUNITY FOUNDATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
SI￿ Social Fund
A Flwlhrw gThJ Fund to 9JFPYt gwa charit*4e needs inthe Bwk5 a
Association foi the thsabled F￿d
A Fkyw-thrtw aThJ Fun(1 Io SUPF(rt people Imng aKI thdr fanilie5.
Splash FWKJ
Floy*thrcwh to swrt EdwaliJK Health aml Wdllxwii Oksath*.
Stoke Park C£￿M￿nIty FuKI
A FIr￿th1Ough FuThl JYXJNJ
Tamwn Tax FWKI
A Fl￿tIvr￿h Fu￿] tosw4icrt se￿¢0$ glrtg on the keythemeg c{￿lh, w￿1￿,
Thematic FWMI. PJts & C￿l￿e
A Flovfvlts￿h FuTrJ mumijle lo supwt propcts relatiThJ lo culiwe acny
P￿i[￿atr￿hire.
The￿￿tiC FWMI. E(kKation & Skills
A F￿1 muwle th￿￿510 suiwt pr(iects relaOrvJ to 9jucat￿Jn aTrJ s￿lIS ￿[rA5
PAX*I￿atr6￿Te.
FWMI. Poffj & Isolalion
Bu¢kirtyanBhi
Then￿tr F￿￿. Safe & CcI￿1Ve COM￿ltIeS
A FLwba mull4)k (kJYJrsto sutwt prcms r8laUTrJ to safe ccts5Ne comi￿￿eS
acrt￿ Buthirqharrthe.
Veolia Watqr T￿hn￿Ogi9$ Fwd
Vc4w*ary Resiliencp Fu
A Fl￿1￿thr￿h f￿d kn su￿4￿1 charit*le (￿g￿lSa1￿￿￿ m￿a]Ir￿J ffin￿￿a dfficuKies as a res￿1
Wallw Hazell
A FknY-Ihrough Fund to impThp ￿cati￿ lile skin5 avj eThpWIIty. &
fouJ5 pmrty. rkny5ical aThY nrtl heth. ￿l￿41￿j ￿ safety.
Ythoel•r Fund
A Fhy4fvthrcuJh FuTrJ to gerwal c￿11* wJ5.
Windhill Fw
Flst¥NwJh and heaih ￿￿ects coUnm￿￿e.
A F￿lh[cwh Fu￿1 for Child￿ h Wycorte.
Page 61

BUCKINGHAMSHIRE COMMUNITY FOUNDATION
NOTES TO THE CONSOUDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Wy*e Fwxl
A Flcw-thrcwh aTrJ FuTrJ tra￿f￿ fr(th a th)rffort1Lnl Io $upm lydallon aTrJ thsath4artage,
Young People's Wellt*ing F￿d
A Fk￿frthr￿gh FuTrJ to 18 to invo%* ￿r n*ntsl lullh.
Y(xrth Bank
A FlOw-thr￿ aThJ a) Fund Icf wcleds sdeLled by wg p*.
Page 62

BUCKINGHAMSHIRE COMMUNITY FOUNDATION
NOTES TO THE CONSOUDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
26. Flnanclal corTrmltm•nts. g￿Tarte¢S •nd contiryent Ilab116t1•5
Contlnsent Uabllltle$
Th8 Bucks Bioi Soc• Bank FWKI lean lkn&rKe to reg￿e￿ and ￿re￿$ter8d 80¢ial
ent￿￿￿eS &nd thr trfxlies Ihw Buckingh8mahire Community F￿JndatiL￿. The balance of Lhe
Bucks B¥J Soclety Bank Fund otthe ypar end is £203,63312022ll03,6331. Of Ihi& 8moun( £150.OCrf)
rewesents that wag originlty re￿Ived from ￿(￿S County Council reF4ared by
8uckwKJhamsl4Te c￿n￿lI). Althowh IhNI treated a5 income at clrecew 1he lad that il li
C￿e￿ tya Lottn A￿ee￿twl1h Buckir¥JhamBhire Council means that it pJtenb&ltybe repoyablB
to 2)Kl Awl 2031. tt * Ilwetc*e a ccntiTrJent Iwblity.
Grant Maklngcommltrnents
At 31 Mar(* 2023 las in 2022) dl grantsoffwod nolyet had been a￿l￿d(see ￿ 181.
27. P•nslon Commltment
The th8nty oFerAtss a defined ¢tytrbJ1kn sd*me. Thg pth9ion ci¥sts tr) Il* ir￿￿
ststement represent eontth1ti￿￿ pay&)k by the thwityto fvnd in the year and mnled to £8.$68
12022: £5.0991
28. Opvatlng leaso rvmmltm•nts
Atthtr repothg date the charity h•J ¢Jrtstanthng commrtments forff￿ m11thi￿ *aB8 pa
U￿n[￿Can¢81]0l1e operat¥ig leases. which a8 lollcyw8'.
>)23
2022
13.8DO
7,475
13.
21.275
Bett￿￿ im> and fve year3
21275
.075
Our1￿ trft yew £13.800 wa8 paid as opei81ry lew ¢08ts kn the yE¥12022X21,8091
29. Relat¢d party transactlons
C¥JiwwJ Ihe yewthe Chwty ei*ued inlD the follLvMng trJrnath"cTh parbes:
The InJ*es made unconthtkywl (that￿Th L*£10,315 I2022£1.3051 ￿ ￿8th"Cted (k)naixfj8 rA£10.2(K
12022: £5.6531 to the Chanty
The $ubspJw. 8ucklWmshKe Cc*Nnunty FOU￿lat￿n Il<op Hill Climb) ￿mited r5)nated £89.19J to
Chwity durry Ihe stw121)22. £98,826).
One oflhe Tn￿tte$. L Woyi, is a BP Cdllns. Duii¥J the yew BP Cdllns ￿ated £10,CI)J
12022". £20.529}.
DuityvJ the ymr, a(kJrt#M￿ thfvticffls *illwt *tre recaved fruD r¢Jaled pBrtia lotsllk
£20,397 (2022: Q7.(￿}
Page 63

BUCKINGHAMSHIRE COMMUNITY FOUNDATION
NOTES TO THE CONSOUDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
30. Pdr8nt charlty surplu5
As rernilted ty 9eetThi 408 cllhe C&iw)&nies Act 2￿16. Ihe *temEnt d financiDI actpiitsts parent
¢h8nty 18 pre8ented as part 0111￿ 1k)enc￿ St81en￿￿. dwTty# Txt movem&rt kn fimd8for
the yearwas an incrEase of £1,44529712022.' incre45? of£1.1922921.
31. Cash generated Imm *)perntlons
2022
Sw¥u8 forthe ye
1573,895
I￿.963
Investment ￿¢c971$ed in gtatement offmnd81 •cb¥it
Farvalu8 gam aTrY on inve6lment8
Deyeciation ond Ir￿lMientof laryjible fix•J a85els
04,8161
495.098
4,769
(258.6Y21
{531.5321
5.0
MOvem￿ts in wryking capitsl
Oe¢re&Yl lincFEase} in debtorn
(De¢xca8ey
(131.431>
29.208
1,666.7rJ
451050
32. Analysls of changes th net funds
The charfty had no debt dithJ11)e year
Page 64