CUMBRIA COMMUNITY FOUNDATION Report of the Trustees and Consolidated Financial Statements for the Year ended 31 March 2024 A Charitable Company Limited by Guarantee Company number: 3713328 Charity number: 1075120 Cumbria Community Foundation Year ended 31 March 2024 Index to the Consolidated Financial Statements Page Chairman's Statement Company Information Trustees, Report Report of the Audltors 26 ststement of Financial Activities 30 Group Balantr Sheet 31 Company Balan￿ Sheet 32 Group Cashflow Ststement 33 Notes to the Financial Statements 34 IWICUMBRIA COMMUNITY FOUNDATION Chairman's Statement Cumbria Community Foundation's over-arching purpose is to bring people together to use their expertlse, time and donations to improve the Ilves of Cumbrians and to make our communities stronger. We do this by making high quality grants in support of our most effective charits'es and communlty organisations, targeted to address the greatest need in the cotjnty. Last year we launched our new five-year strategy: Our vision: Cumbria is a place where needs are met, and everyone can reach their potentlal. Our strategic priorities.. Create positive and lasting change through our grant making Grow fund5 avallable for distribution We continLJe to be extremely ambitious in seeking to develop and grow our activities so that we can achieve our desire to make a growlng difference to the people in our county. In order to bulld the capability of the organlsatlon to deliver our 5-year strategyi the Trustees have supported some expansion to the staff team which is nearing completlon. I am dellghted to report that, due to the generoslty of all our donors, the hard work, skills and dedicatlon of our fantastic team, the wonderful support of our volunteers and the work of so many amazing charities, Cumbria Communlty Foundation awards more fundlng per capita than any other Communlty Foundation in the UK. This is something of which we can all be very proud. Turning to our accounts I would encourage you to read the Trustees report that provldes a lot of detsil in terms of our many actlvities in this financial year. (I will refer to pages withln thls report below). A brlef summary follows: Income this year was a fantastic £7.4m. The majority of Income relates to our flow through funds (pg. 15) - our biggest flow through is Transforming West Cumbria (pg. 10) funded by Sellafield Ltd and the Nuclear Decommissionlng Authority with support from some of their supply chain. A list of some of the other flow through activlties Is on page 15. We are dependent on flow through funds large and small from the big funds from Sellafield and the NHS to the hundreds of people who generously contribute to our winter warmth programme In addition to these funds we were also able to grow our endowment funds by over £740k with 3 new endowment funds estsblished and additions to a number of exlsting funds. Our endowed funds now stand at just under £30m. Promotion of philanthropy Is a long-term pro￿$$. The harsh reality is that what we do has never been more important. With the continuing economic pressures of today we once again see that the hardest hit are those who are already worst off. We are therefore hugely grateful to all our funders and supporters who are enabling us to continue to develop and expand our activitie5. cONNE￿ING PEOPLE WHO CARE CAUSES THAT MAThER Page I CUMBRIA COMMUNITY FOUNDATION Our grant maklng thls year was over £6.8m. A really fabulous achievement. This is over £lm up on last year and comes from a wide range of SoUr￿S (pgs. 11-14). We are hugely indebted to all those fund holders, flow through funders and individuals who are collectively helping us to support so many charities and people withln Cumbria. In total, 935 direct grants were awarded to 573 organisationslindividuals (many organisations receive grants from multiple funds). We contlnue to develop our programmatic grant glvlng which is now a slgnlficant part of our grant making activities. This continues to be a developing, and very important, capability wlthln Cumbria Community Foundation. The staff and grant team volunteers are to be congratulated and thanked for all thelr hard work In progressing this high level of grants. As an organisation we are enormously blessed that so many good people are willing to give of their time and energy In support of our actlvltles. This year we sald farewell to three Trustees,. David Moore, Mlchael Ditchburn and Richard Roberts. Thank you very much to them all particularly Rlchard Roberts who served his maximum 9 years as a Trustee and has been an Invaluable supporter. I am delighted that we were able to welcome on to the Trustees Emma Williamson, Patrlck Boggon, Steve Harnwell, Jim Parks, Georglna Smlth and Rachael stephenson. Collectively they brlng a huge amount of knowledge and experlence to the Trustees nd I very much look fotward to working with them all. Due to the change in local authority structure we saw a number of people step down from grants committees - Kate Giergiel, Matty Buck, Alan Pitcher, Ron Munby, Fee Wilson and John Kane. We also said farewell to Ian Mccoy, Andrew Towler and John Calvert in thls financial year. Thank you all for your knowledge and contribution to the grants committees. As Chair of the board of Cumbria Community Foundatlon, I am pleased to Introduce our accounts for a very busy and successful year. It is a great prlvilege to chair an organlsation that has responsibility for directlng the charitable gifts of so many kind and generous people and organisatlons. On behalf of all Trustees, I record my thanks and warmest appreciation for their support. In this challenglng world in which we Ilve, all the volunteers and staff at Cumbria Community Foundation remain committed to working hard to support the people of Cumbria through the very many wonderful charltles throughout our county who are really maklng a difference for so many people living In challenging and difficult clrcumstances. David Beeby - Chairman CONNEcfING PEOPLE WHO CARE W￿H CAUSES THAT MAThER Page 2 Cumbria Community Foundation Year ended 31 March 2024 Key Information AMBASSADORS: Lord Bragg of Wigton DL Mr James Cropper KCVO Mrs Claire Hensman CVO Mr Peter Hensman DL Lord Inglewood DL CHAIRMAN Mr D G Beeby DL VICE-CHAIRMAN Mr K Walsh HONORARYTREASURER Mrs A Johnston COMPANY SECRETARY Mrs H Mackman TRUSTEES: Group A (See page 18) Mr J Johnson Mrs G B Marriott Mr K Walsh Group B (See page 18) Mr D G Beeby DL Mr F A Scott HM Lord-Lleutenant of Cumbrla Group C (See page 18) Mr D W Moore (resigned 19109123) Mrs E Williamson (appolnted 28111123) Mr M Ditchburn (resigned 1219123) Mr S Harnwell (appolnted 28111123) Mrs A M Johnston Mr J Perks (appolnted 28111123) Mr R A Roberts (reslgned 2112123) Mlss G Smith (appointed 1213124) Ms R Stephenson (appointed 1213124) Ms L G Cavendlsh Mr P Boggon (appolnted 1213124) Ms S Howorth Mr T Keen Ms M E Reid Fotheringham JP, DL Col C Sanderson OBE, JP, DL Mr J S R Wilson Mrs S E Wilson Group D (See page 18) Co-opted (See page 18) Chief Executive Mr A I Beeforth OBE Page 3 Cumbria Community Foundation Year ended 31 March 2024 Key Information CHARITY NUMBER: 1075120 COMPANY NUMBER: 3713328 REGISTERED OFFICE: Dovenby Hall Dovenby Cockermouth Cumbria CA13 OPN WEBSITE: www.cumbriafoundation.org EMAIL: enqulrles@cumbriafoundation.org AUDITORS: Armstrong Watson Audlt Limited ststutory Audltors & Chartered Accountants lames Watson House Montgomery Way Rosehill Carlisle CAI 2UU HONORARY Dodd & Co Limited ACCOUNTANTS: Chartered Accountants FIFfEEN Rosehill Montgomery Way Rosehlll Estste Carlisle CAI 2RW BANKERS: HSBC Clty Offi 29 English Street Carlisle CA3 8JT INVESTMENT MANAGERS: CCLA Investment Management Llmlted Senator House , 85 Queen Victorla Street London EC4V 4 Cumberland Building Society Cumberland House Cooper Way Parkhouse Carlisle CA3 OJF Rathbones Group PLC 8 Fin5bury Circus London EC2M 7AZ HONORARY SURVEYORS: Edwin Thompson 42 St Johns Street Keswick Cumbria CA12 SAF Page 4 Cumbria Community Foundation Report of the Trustees for the year ended 31 March 2024 The Trustees (who are also directors of the charity for the purposes of the Companies Act) present their annual report together with the audited financial statements of Cumbria Community Foundation (the company and the group) for the year ended 31 March 2024. The Trustees confirm that the Annual report nd financial statements of the company and the group comply with the current Statutory requirements, the requirements of the company and the group's governing document and the provisions of the statement of Recommended practi￿ {SORP), applicable to charities preparing their account5 in accordan￿ with the Finar5cial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJEcfIvES AND AcfIvITIES Cumbria Community Foundation exists to t3ckle povety and disadvantage and strengthen Cumbria's communities by connecting fund holders and people who give money with inspirational, life changing projects. In partlcular, the Foundation supports people experiencing disadvantage. 'Disadvantage' is not defined but it Is assumed that, due to financial hardship, rural isolation, disability or other limiting factor, those experiencing disadvantsge do not have aC￿sS to goods or services which most of the population would regard as the norm for a reasonable standard of living. Charitable Objectives The Foundation has wide charitable objects which are set out in its Memorandum of Association. The Memorandum of As50Ciatlon allows the Foundation to.. (A) Support and promote any charitable purposes for the relief of poverty, the advancement of educatlon (including training for employment or work), the advancement of religion, the protection or promotion of social wellbeingi good health both physical and mental, and for charitable purposes in connection with the provision, maintenance and improvement of a public park or other public or social amenity andl or the erection, malntenance, repair, or restoration of a building or other structure for the benefit of communities, organisations, groups andl or individuals: (i) in the County of Cumbria and its immediate neighbourhood (the'Principal Area of Benefit,); and/ or (li) outside the Principal Area of Benefit provided that the support andl or promotion of such communities, organi5ations, groups andl or indivlduals is ancillary to the sUPPOrt of charitable purposes benefitting the Principal Area of Benefit; and/ or (iii) outside the Principal Area of Benefit where grants or other payments are made from a fund held by the Company where such fund is also to benefit charitable purposes in the Principal Area of Benefit, and/ or (B) any other charitable purpose for the benefit of A (i) and/ or (li) and/ or (iii) above. Grants of £171,811 were awarded for activities undertaken outside the County In 2023124. £116,171 of these grants were in relation to the Beck Burn Windfarm Fund, the windfarm is based in Northeast Cumbria the community fund also includes parts of South Scotland. £40,340 of these grants were in relation to the ENWL Stom Arwen Community Resilience Fund. Activities for public benefit The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Foundation's aims and objectives and in planning future activities and setting the grant making policy for the year, The Foundation works to fulfil its objects by.. Using its resources to make grants to voluntary groups and individuals that match community needs Promoting giving to enable the growth of professionally managed endowment funds to make grants in the future Being ready to respond quickly to new and emerging need Being the route of choice for both individuals and public bodies wishing to give charitable funds for the benefit of the County Page 5 Cumbria Community Foundation Report of the Trustees for the year ended 31 March 2024 Most of the Foundation's activity falls into areas: grant making and promoting effective cl)aritable giving. In addition to making grants from its own funds, it manages and administers grants programmes on behalf of individual donors, companies, trusts, and central and local government. Grant making policy The Foundation continued to measure grant making against the grant making priorities. These are a5 follows.. Improving the lives of disadvantaged children and families Improving the life skills, education, employability and enterpri￿ of disadvantsged people Supporting vulnerable older people Improving the health and well-being of people strengthening and supporting fragile communities Enabling people to aC￿sS arts, sports, culture, heritage and the envlronment. The priorities have required our Grants and Donor SeNices Team to look to focus resources on the need to be more strategic in our grant making. More multiyear grants to give stability to key organisations have again been awarded in the past year. The Foundation will continue to work with a range ofdonors whether or not donors intended objects meet the thematic priorities as long as Trustees believe donor's objective5 are beneficial to Cumbria, address a genuine need and fall within the Foundation's obj'ectlves. Ideally donor's Wlshes will match key areas of need. Grant maklng practice: groups Over ninety seven percent of the Foundation's grant making (by value) In the year was to voluntary and community groups. To ensure the Foundation fulfils Its objectives and to maximise public benefit, applicant group5 must show that they fulfil charitsble objects (though they need not be registered charities). Each grant application Is assessed agalnst standard criteria Including evidence of need, community use and involvement, organisational ability to rnanage and fit to local strategies. Environmental sustainability, partnership working and impact will also be considered. Each applicant group must provide its constitution, accounts, bank ststements, safeguarding policies and where applicable other policies. Protecting people and safeguarding responsibillties is a fundamental part of operating a charity for public benefit and a priority for the Foundation. All group grant applicants are required to demonstrate that they are committed to safeguarding and have adequate policies and procedures in platr. For organisations working directly with children or adults at risk, we also require there to be an appropriately trained designated safeguarding lead, eviden￿ of regular safeguarding training for all staff and volunteers, and for there to be appropriate checks on trustees, staff and volunteers in eligible roles. The Foundation's conflict of interest policy requlres all Trustees, staff and grants committee members and other volunteers to declare any personal interest in any grant application or other matter presented, and to withdraw from decisions where any conflict of interest may arise. Grant making practice: individuals The Foundation makes grants to individuals across a wide range of attivities from relief of hardship to promotion of education and training. It also holds funds which promote artistic, cultural and 5POrting excellence. The Foundation also has devolved grant making arrangements to some other organisations in the county, who make hardship grants to older people uslng funds we provide from our Winter Warmth Fund. Grant monitoring As part of Cumbria Cornmunity Foundation's ongoing monitoring of its Grants Programmes, we require all grant recipients to complete an end-of-grant report which summarises the outcomes of their project, the differen￿ it made to the beneficiaries, and includes evidence of spend (financial monitoring). Monitoring Page 6 Cumbria Community Foundation Report of the Trustees for the year ended 31 March 2024 and evaluating the projects we have funded is important not just to us and our donors, but also to organisations for planning and future funding applications. When the recipient is notified of an award, they are sent a link to their online end-of-grant report form, which is populated with information and budget figures from their application. The recipient can see in advance the information they will be required to report on and ensure they collect the appropriate dats for the duration of their project. The recipient will be required to complete the end-of-grant report within o months after their funding spent date (or longer if they need more time to collect adequate feedback about the project). If the recipient has not spent the funding according to the terms and condition5 of the Foundation, or has an underspend on the project, the recipient will usually be required to return funds. Promoting giving A ￿ntral tenet of the community foundation movement is to encourage philanthropy by making people aware of community need and by offering grant making services tailored to donors, requirements. The Foundatlon Trustees have made the strategic decision to dedicate resources to development work to secure grant making funds in pursuit of fulfilling our aims. Cumbria Community Foundation allows donor5 to make a differen￿ by connecting them with groups and causes that reflect their interests and which address priority communlty need. Timescale5 are flexible.. donations to endowment funds generate a return for grant making in perpetuity, while flow-through grant making funds will normally be spent within 12 months. The Foundation wishes to develop the wldest possible base of donors in support of its work. To support this objective a membership scheme exists for individuals, families, businesses and voluntsry groups. Members receive regular information about the work of the Foundation and can nominate and elect Trustees. In addition, the Foundatlon supports an event5 programme which provides a means of promoting the work of the Foundation, the needs in the County and the generation of additional income. The Foundation is registered with and pays the voluntary le￿ to the Fundraising Regulator, we have adhered to the code of fundraising practice throughoLSt the year. We do not use professional fundraisers or commercial participators to raise income for the Foundation. No complaint5 were received regarding fundraising activities. Fundraising is carried out by the staff of the Foundation with support from Trustees, committee members and supporters. Page 7 Cumbria Community Foundation Report of the Trustees for the year ended 31 March 2024 HOW DID WE DO: ACHIEVEMENTS AND PERFORMANCE IN THE YEAR Grant making performance The Foundation measures its performan￿ by recording the number and value of grants by strategic aim. As part of the grant monitoring mentioned above grant recipients report on how the grant was spent and the difference it has made to the lives of local people. Reports include specific outcomes as well as non- quantifiable benefits. Grant making this year against last year Is summarised below by each priority. Grants value Grants awarded strateglc aim Actual Prioryear Actual Prioryear Improving the lives of disadvantaged children and families Improving the life skllls, education, employability and enterprise of disadvantaged people Supporting vulnerable older people Improving the health and well-being of the people of Cumbria Strengthening and supporting fragile communities Enabling people to aC￿sS arts, sports, culture, heritage and the environment Totsl 612,240 1,176,920 66 266 1,500,247 1,137,051 858,919 1,635,743 339 61 265 49 1,997,347 1,390,159 281 128 1,356,392 665,740 143 86 109 615 6 712 892 107 140 5 834 621 45 935 51 845 The number of grant5 awarded above differs to the grant making by fund table below as 292 (2023 141) grants were allocated to more than one fund. In some Instances, this allows the Foundation to award the full project cost whlch it has not always been able to do in the past. During the year the Foundatlon awarded 106 (2023- 78) multiyear grant awards. This Is something the grants team have been focusing on for a few years, as it allow5 organisations to be more financially sustainable by supportlng an organisation for longer than one year. Grant making under 'Improvlng the life skills, education, employability and enterprise of disadvantaged people, increased significantly this year due to the first full year of grants awarded from the Transforming West Cumbria, UKSPF and Better Tomorrows programme. The increase in grant making under 'Improving the health and well-being of the people of Cumbria, was due to the increased number of grants paid in the year from Transforming West Cumbria, Pappagalino Fund, NHS Community Mental Health Transformation Fund to name but a few. Grant making under 'strengthening and supporting fragile communities, increased significantly in the year helped by the first payments from the DCMS Know Your Neighbourhood Fund, Transforming West Cumbria, UK shared Prosperity Fund, Beck Burn and ENWL Storm ANen Community Resilience fund. Grant making under 'Improving the lives of disadvantaged children and families, had dropped from the previous year because the fund5 for Community Hardship and Allerdale Holidayi Activities and Food Programme had been spent up in 2023. Page 8 Cumbria Community Foundation Report of the Trustees for the year ended 31 March 2024 Below is an infographic which gives the headline statistics of our grant making in the past year. The figures include grants awarded in the year for Trusts where we assess 9rants but the decision-making rests with the relevant Trusts Trustees. 06£890 £16.402 average Individual grant average group grant 124 funds warded grants 12 new funds established FUND Th• largest 9rantwas £135.233 and the smallest grantwas £70 ppllcatlon5 from multlpl• funds of successful 9roup appllcants had an Income of 52% 00,000 £6.834.102 or less awarded In total 585 successful appllcants 407 106 o-o-o-o su¢¢essful group appllcations. 94 were first tlme applicants appllcants recelved multl-year fundlng. YEAR 778 178 applicatlons received people recelved Individual grants. 124 were first time appllcants application success rate of appllcants were new to CCF st Transforming West Cumbrla Sellafield Limiled's and the Nuclear Decommissioning Authority's commitment lo the £6.5m Transforming West Cumbria ITWCI social investment programme continues lo be vital. Funded through the Social Impact Multiplied Six Programme, TWC gels to the root causes of inequality and confronts the issues holding back the most vulnerable in our communities. Addressing community needs identified in Ihe Foundation's West Cumbria Opportunities and Challenges Report 2019, the programme is already making an impacl. Page 9 Cumbria Community Foundation Report of the Trustees for the year ended 31 March 2024 Launched in 2020, the progr3mme is based on three key pillars.. l. Build the capabilities and financial sustainability of critical community organisations delivering essential services in West Cumbria. 2. Inspire, encourage and nurture, both new and existing social entrepreneurs, by unlocking heir entrepreneurial spirit. 3. Support children, young people and families to thrive, by building resilience, wellbeingi resourtrfulne55 and a 'can do, attitude. Each of the underpinning programmes have been designed to: ad(Iress identified needs, focus on gaps. be collaborative; support Sustainable activities that create self-reliance and nurture future indepen(8ence. Guided by the knowledge and expert15e of nearly 40 people who are part of the project steering groups, the programme has responded and adapted to the unforeseen challenges arising from the global pandemic and national cost of living crisis. Many from the local supply chain have supported the programme. This has ranged from individuals offering thelr time to mentor young people through the Positive Enterprise programme, companies providing free training courses to community groups, to the provision of additional match funding - over £540,000 has been committed to date. A celebration event was held on the 1st November 2023 to launch the TWC Programme Mid-term Report and to ￿lebrate everything that had been achieved to date The following list provides a summary of grants allocated by fijnd. Fund Abbeyfield Carlisle Society Communlty First Fund Abbeyfield Carlisle Society over 55 Community First Fund Allerdale Holidayi Activities, and Food Programme Alston Moor Communlty Fund Altrad Babcock Grassroots Fund Barker Fund Barrow Community Trust FLtnd Barrow-in-Furness Gra55roots Fund Beck Burn Wind Farm Community Fund Beck Burn Wind Farm Community Fund Educatlonal Bursaries Beeby Family Fund Better Tomorrows Fund Beverley Charitable Trust Fund Border Fund Brian and Ann Clark Fund Bridget's Magical Music Pot Fund Broughton Moor Wind Farm Fund Carr's Group Fund Castles & Coasts Housing Assoclation Community Fund Catherine Alexander Grassroots Fund CCL Secure Community Fund CIFR Community Flood Resilience Fund CN Group Fund Community Hardship Fund Crofton Trust Fund Cumberland and Westmorland Herald Fund Carried forward to next page No 4,605 5,784 3,000 3,750 596 5,000 13,480 2,269 171,828 37,431 91,016 383,252 45,481 6,804 37,992 150 470 2,307 8,000 4,480 4,015 63,707 4,456 5,000 2,000 24 41 25 21 12 13 907,938 196 Page 10 Cumbria Community Foundation Report of the Trustees for the year ended 31 March 2024 Brought forward from previous page Cumberland Building Society Community Fund Cumberland Educational Foundation Fund Cumbria Communication Project Fund Cumbria Cultural Fund Cumbria Direct Grants Fund Cumbria Disaster Fund Cumbria Fund Cumbria Gra55roots Fund Cumbria Home-from-Home Fund Cumbria Industries Amenities Fund Cumbria Victims Charitable Trust Fund Cumbria Young People's Fund Cumbria Young People's Grassroots Fund DCMS Know Your Nelghbourhood Fund Disability Fund for Cumbria Dora Beeforth Memorial Fund Dowker Bindloss Charity Fund Eden Rural Community Fund Edmond Castle Educational Trust Fund Education Fund (Cumbrla) Elizabeth Fell Memorial Trust Fund ENWL Storm Arwen Community Resilience Fund Evening Hill Grassroots Fund Fairfield Wind Farm Community Benefit Fund Fibrus Community Fund Cumbria Fryer Grassroots Fund Genesis Homes Community Fund Geoffrey Blake Architectural Heritage Fund Gurney Charitable Trust Fund Hellrigg Wind Farm Community Benefit Fund herdyfund High Pow Community Fund High Sheriffs Community Fund High Sheriffs Crimebeat Fund Hunter Davies Fund Jacobs Grassroots Fund Johnson Fund Kipling Fund for Older People Kipling Fund for Younger People Kirkby Moor Wind Farm Community Benefit Fund Laidlaw Fund for the Environment Lamont Pridmore Grassroots Fund Laurel House Brampton Fund Lawrence Fund Liddle Thomson Community First Fund Live the Dream Fund Lord Egremont Fund for West Cumbria Mary Grave Trust Fund Moorhou5e Grassroots Fund 907,938 48,699 73,780 29,248 4,840 24,520 1,000 223,138 6,901 14,359 1,000 4,164 40,526 19,755 586,222 12,980 5,242 650 3,350 7,537 1,510 1,000 204,579 3,326 20,000 59,145 2,000 6,697 11,731 9,795 25,246 8,825 11,900 13,800 2,600 2,234 1,115 27,750 3,536 1,845 40,320 1,000 3,517 7,200 4,150 810 26,667 10,500 42,987 18,000 196 12 32 12 16 25 35 18 18 50 Carried Forward to next page 2,589,634 568 Page 11 Cumbria Community Foundation Report of the Trustees for the year ended 31 March 2024 Brought forward from previous p3ge 2,589,634 568 myLakeland Fund NHS Community Mental Health Transformation Fund NHS England Mentsl Health Emergency Welfare Fund NHS Green Social Prescribing Development Fund NHS North Cumbria Better Care Fund NHS North Cumbria Discharge Support Fund NHS Waiting Well Programme Nuclear Waste Servlces LLWR Grassroots Fund Nuvia Fund Out of Eden Fund Pappagallino Age Friendly Fund Pappagallino Fund Positive Enterprise Fund Printers Inc Social Mobility Fund Quarry Hill Grassroots Fund Robinson Family Fund Roselands Trust Fund Rowan Community First Fund Shepley Group Grassroots Fund Solway Fund staff 10th Anniversary Fund Strummer Calling Community First Fund Swales Trust Fund Tallentire Wind Farm Community Benefit Fund The Jeffrey Bond Memorial Fund Thomas Graham Grassroots Fund Transforming West Cumbria - Bedrock Fund Transforming West Cumbria - CanDo Fund Transforming West Cumbria - Family Wellbeing Fund Transforming West Cumbria Financial Wellbeing Fund Transforming West Cumbria Spark Fund Transforming West Cumbria BT Six Fund Transforming West Cumbria Fund IWC WC COVID-19 Community Recovery & Renewal Programme TWC WC COVID-19 Community Recovery & Renewal Programme - Finanaal Hardship TWC WC COVID-19 Communlty Recovery and Renewal Programme - Bedrock Digital UK Shared Prosperity Fund Ullswater Trust Grassroots Fund Violet Laidlaw Trust Fund Warm Spots Fund Welcome Fund Westmorland Arts Trust Fund Westmorland Family Community Fund William Milburn Charitable Trust Community First Fund Wing Cdr H Thompson & Rev J L Green Grassroots Fund 78,811 194,000 9,075 51,422 35,600 420,779 21,900 28,460 1,232 6,157 57,000 252,779 26,000 16,653 11,427 500 4,980 665 11,050 8,350 500 1,626 8,155 25,125 2,015 9,675 580,279 10,000 200,000 61,000 97,502 184,935 280,850 296,590 li 13 io 13 12 21 14 12 li 46,991 39,074 389,995 13,763 692 27,832 2,550 33,896 74,500 11,875 2,138 io 17 io 57 15 16 Carried Fonvard to next page 6,228,032 915 Page 12 Cumbria Community Foundation Report of the Trustees for the year ended 31 March 2024 Brought fonvard from previous page 6,228,032 915 Winter Warmth Fund Grants Young Persons Opportunity Fund 476,227 8,633 18 TOTAL 6,712,892 935 The Foundation assesses grants for the Holehird Trust and JOY￿ Wilkinson Trust. Decision making remains with their Trustees. This allows independent trusts and other organisations to benefit from the Foundation's loc31 knowledge and experience irs grant making. Grants awarded in the year from funds managed for others Holehird Trust Joyce Wilkinson Trust Total Totsl grant maklng managed by the Foundation £ No 47,628 25 73,583 15 121,211 40 6,834,102 Grant making impact Like most funders, we are keen to find out what difference our grant funds make and how It Improves things for people and communities. All grant recipients are required to submit monitoring information on their projects as detsiled on page 7, th[5 Information is analysed, and details included in our annLtal report. The data below highlights the value and demonstrable difference that philanthropy is making to our County and local communities within Cumbria. The information is based on completed end of grant reports from funded groups and charities in 2023-24. The full statistics on which this information is based are available on our webslte. Diverslty, Equlty and Inclusion A review of all aspects of the Foundation's work with regard to Diversity, Equity and Inclusion was overseen by a trustee and executive task and finish group during the year. A DEI commitment was approved by the board and is published on the Foundation's website. All trustee and grants committee recruitment is undertaken by open advertlsing. A survey of trustees, staff and volunteers was undertaken to gain an understanding of the comp051tlon of the people within the organisation. This information has been used in support of a benchmarking exercise which identified baseline information about the composltion of the Cumbrian community. This information, which is published on the website, enables trustees to monitor how the make up of the Foundation's wider team compares with the community it seNe5. Promoting Giving: general The Foundation has continued Its development work in the year. A programme of events has been held to raise awareness of the opportunities to give through the Foundation and to maintsin and develop relationships with current and potential donors. Promoting Giving: building endowment funds Development work is partly directed to securing new donatlons to the Foundations endowment. During the year three new endowment fund were setup with several top-ups to existing funds. The Foundation received donations of £743,799 to endowment funds during the year. Bullding endowment funds will enable the Foundation to continue its support to Cumbria's communities in the years to come. Promoting Giving: flow through funds Development work is also directed towards secLSring new flow through funds to manage for fundholders. The number of flow through funds we managed has increased again this year with 12 new funds setup. Page 13 Cumbria Community Foundation Report of the Trustees for the year ended 31 March 2024 During the year we re￿iVed funds of £937,000 from Transforming West Cumbria Fund, £261,000 from the Transforming West Cumbria Bedrock Fund, £220,000 from the new Transforming West Cumbria Family Wellbeing Fund, £657,000 from the NHS North Cumbria Clinical Commissioning Group towards the NHS North Cumbria Discharge Support Fund and the new NHS NENC Northern Can￿r Allian￿ Fund, £608,000 through UK Community Foundations for the DCMS Know Your Neighbourhood Fund, £433,000 from the UK Shared Prosperity Fund, £400,000 from the new Transforming West Cumbria BT SIX Fund, £312,000 for the Better Tomorrows Programme, £209,000 from Beck Burn Wind Farm, £150,000 from the Beeby Family Fund, £119,000 for the CIFR Communlty Flood Resilience Fund, £66,000 from the new Fibrus Community Fund, £60,000 from Westmorland Community Fund, £55,000 for the myLakeland Fund. This is just a snapshot of the funding re￿ived. A full list of flow through funds can be found on note 25. Promoting Glving- Membership and General giving Membership Corporate membership A Corporate Engagement strategy was created to Strengthen connections with existing members, encourage new members and encourage further donations beyond membership fees. Elements were actioned including reviewing fees for Stsndard membership for both those with under and over 50 employees. These were proposed to be £300 and £675 respectively. The proposal was agreed with Trustees in December 2023. The new fees will be effective from 1st April 2024. In January 2024 we launched our Virtual Coast to Coast Corporate Challenge to members encouraging them to form a team for the 6-week challenge starting in May. The objective is to raise awareness amongst stsff and the wider public as well as fundraise for the Cumbria Fund or their own fund with us. Cumbrla Club The merger of the original Cumbria Club, individual and family membership was completed during this year. Members are now paying £50 and £75 for annual Individual and family membership respectively. There were 10 new members this year. Events We held numerous events thls year for our members and supporters wlth the aim to raise awareness of our work, encourage donations and new memberships. These include: 5 Year Business Strategy launch, Carlisle ~ 2nd May. Furness and You, Barrow - 16th May Reinvigorating engagement and support of our Furness Opportunities and Challenges Report. Adventures in Philanthropyi Matson Ground, Windermere - 8th June Windermere Evening Cruise - 6th July An event for members and supporters with 50 attending. An Evening with John James, London - 21st September Members, supporters and potential donors event at the Soho Estates HQ. 35 people attended. Annual Celebration Dinner, Barrow- 7th March Focussing on and promoting the work being done in Furness. 140 attended, Helping the vulnerable elderly: Cumbria Winter Warmth Fund Our annual Winter Warmth Appeal helps vulnerable older people, living in fuel poverty, to stay warm and healthy during the winter. In 2023, we saw the impact of the energy crisis continue as fuel and heating costs remained high. Combined with the increase in food prI￿S and household costs, vulnerable people on low incomes were under more pre55ure than ever before. In response, we launched our 2023 Winter Warmth Appeal with a challenging target of raising £500,000 to help VLslnerable, elderly people in Cumbria keep warm through the coldest weather. Thanks to our Match Fund Champions, we were able to match donations to the appeal £l.'£l during the five- week challenge period (Nov-Dec). An incredible £384,500 was raised (donations + match funding) during this time. With further donations and fundraising contributions, the appeal raised in total £562,433 an achievement of which we are very proud. Over the winter, 1,555 household grants were awarded by our five delivery partners: Age UK Barrow, Age UK Carlisle & Eden, Age UK South Lakeland, Age UK West Cumbria and Copeland Age and Advi￿ Servi Page 14 Cumbria Community Foundation Report of the Trustees for the year ended 31 March 2024 (CAAS). These have benefitted a total of 1,941 vulnerable older people across the county; the oldest being 104 years old. Our heartfelt thanks go to our fantastic donors, funders, community fundraisers, businesses and match fund champions (lohn Laing Charitable Trust, WCF Ltd, Cumberland Council, The Roseland Trust, The Hadfield Trust, Johnson Family Fund, Harvey Family Fund, Furness Building Society, Lake District Estates, Brian & Ann Clark Fund, Nuclear Waste Services, holidaycottages,co.uk and private donors), for their generous support. Profile and publicity 12 new funds were established the year with many requiring marketing support, including the Fibrus Community Fund Cumbria and the Cumbria Tourism 50th Anniversary Fund. Specific marketing campaigns were delivered including the new 5 Year Business Strategy with the production of the document and launch event in Mayi and Age Friendly South Lakeland to raise awareness of the initiative. Other campaigns included material created to encourage donations and the Winter Warmth Fund. Transforming West Cumbrla publicity included the Mid-Term Review Report and associated event in November, the promotion of Positive Enterprise to recognise the achievements of the young people supported during its first year. Publicity support included press releases, website updates and updating the application pack for both applicants and mentors for the second cohort. The #CanDo Fund was promoted to recruit a new cohort of youth advisory committee members. Many funds were supported with promotlon Including the Shepley Group Fund, recognising the fund awarding £IOO,000 in grants, the DCMS Know Your Neighbourhood Fund awarding in total over £1 million to address loneliness 3nd encourage volunteering in Barrow, the release of the Better Tomorrows Year l Evaluation Report and celebration event in June, the UK Shared Prosperity Fund in partnership with Cumberland Council, the Brian and Ann Clark Fund to promote legacy funds, and Bridget's Nagical Musical Pot reaching £50,000 in donations. Due to capacity issues, the webslte review has been moved Into 2024125 but the site continues to be maintained and updated on a regular basis. Towards the end of the financial year, the Community Foundation turned 25 with an announcement In the press and the creation of a 25th Anniversary logo. A further campaign will take pla￿ throughout 2024125 with the support of 3 new Communications & Content Lead, who started in March. Marketlng material was created to support events including the Annual Celebratlon Dinner, member events including the Windemere Cruise sponsored by Armstrong Watson and Dalemain House sponsored by Rathbones, and 'An Evening with John James, hosted by Soho Estates in London. There was good coverage of CCF in the press throughout the year- 160 news articles were featured in print and online media, as well as TV and radio interviews featuring BetterTomorrows, the Winter Warmth Appeal and the Warm Spots Fund. Over 90 fund reports were issued to fundholders, alongside more in-depth reports for the Winter Warmth Appeal, Warm Spots Fursd and the NHS Discharge Fund. The team also produced the Annual Review, monthly In Cumbria articles, the bl-monthly CCF newsletter and designed and created recruitment packs for several vacancies. Page 15 Cumbria Community Foundation Report of the Trustees for the year ended 31 March 2024 OUR PLANS FOR THE FUTURE The Foundation is now in year 2 of the 5 year strategy with the following objettives: Create positive and lasting change through our grant making, in 5 years time we will have; Grown sustained long-term grant making. RedU￿d poverty. Improved quality of life. Built stronger and more resilient communities. Developed more powerful partnerships. Achieved annual grant making of at least £6 million. Grow funds available for distribution, in 5 years time we wlll; Be the first choice for philanthropy and charitable giving In the county. Increase awareness of our work. Grow our endowment to at least £40 million. Building on a highly suc￿Ssful first year of the strategy a review of progress agalnst key objectives and activities was undertaken in January 2024. As a result, a detalled work plan was formulated for the year ahead. The work plan describes the major strands of work with key performance Indicators to track progress. It is presented to trustees on a quarterly basis to ensure overslght and performan￿ management. The following is a summary of the work areas or 2024125: Create Posltlve and Lasting Change Through Our Grant Making A review of grant making priorities will be undertaken in the year building on the consultation and discussions that informed the new strategy. This is being undertaken alongside a review of grants governance and practice. Work will continue with regard to diversity, equity and inclusion practice. This is to ensure grant aid and support is as accessible as possible to minoritised and vulnerable communities and that decisions are taken close to communities. In addition, consideration will be given to policy and practice with regard to the issue of climate change. The implementation of new grant management software will enable the introduction of new monitoring systems which will further enhance the ability to measure impact and learn from the information colletted from grant recipients. A significant cornponent of the Foundation's grant making is delivered through programmes which have been developed in collaboration with funders and grantees. This approach allows for sharing of learning amongst grantees and innovatlon In service delivery. It also allows for improved use of resourcesi greater understanding between the Foundation and the groups it funds and ultimately better outcomes for people in the community. Round table discussions will be convened amongst charities to further build on this approach and a Knowledge Hub will be developed on the Foundation's website to share learning. The West Cumbria Opportunities and Challenges Report will be refreshed in the year and a new Carlisle Opportunities and Challenges report produced, The Foundation's reports represent an increasingly important resource to inform grant making decisions, enable informed discussions amongst stakeholders with regard to community issues and underpin the promotion of local philanthropy. A priority is retention and development of all major programmes, including Better Tomorrows, Know Your Neighbourhoods, various NHS programmes and partnership5, Transforming West Cumbria and the West Cumbria Mental Health Partnership. In addition, there is a strong commitment to continue the Winter Warmth Fund and work closely with both Cumberland and Westmorland and Furness Councils to identify partnering opportunities. The Foundation's capacity to respond quickly and effectively at times of emergenry and disaster is traditional strength and time will be devoted to refreshing staff and trustees, familiarity with expectations and protocols. Page 16 Cumbria Community Foundation Report of the Trustees for the year ended 31 March 2024 Cumbria can be remote from national policy making and national funders and time will be devoted to maintaining links with national funders to highlight the challenges facing the people of Cumbria and opportunities for partnering and investment. Grow Funds Avallable for Distributlon The promotion of philanthropy and raising awareness for the need for philanthropic giving to existing and potential supporters drives the Foundation's ability to effect P051tive change in communities. Fund development responsibilities are shared between the Development Manager and Director of Programme5 and Partnerships and their team members. The Development plan contain5 targets for new endowment funds secured, expansion of membership of the Cumbria Club, Corporate Membership Scheme, maintenance and growth of relationships with professional advisers, the development of new'acorn funds,, donations to the Home from Home Fund and the transfer of small and dormant trusts. This work is underpinned by an events programme and communications plan, both of which serve to highlight opportunits'es to give and deepen relations with new and existing supporters. 24125 is the 25th Anniversary of the Community Foundation. A Coast-to-coast virtual fundraising challenge took place in May 2024 to raise awareness of the Foundation and engage new donors. A campaign to secure new'acorn funds, will be undertaken with the aim of reaching a new audience of donors that wish to build an endowed fund with the Foundation over tlme. Several special events are planned to commemorate the annlversary. October 2024 is the IOOlh anniversary of the founder of the Cumbria Cultural Fund. A revlew Is planned with the intention to re-launch the fund with refreshed priorities and call for new funds. During 2023 a new Adventures in Philanthropy Initiative was trialled, bringing together people Interested in exploring community issues and opportunities to collaborate. The Initiatlve has been well received and there are plans to increase the numbers of people involved. Much of the recent growth in grant making funds has been secured in close collaboration with donors such as Sellafield Ltd and the NHS in North Cumbria. These funds are predominantly developed by members of the Grants and Programmes team. They tend to be in response to need identified by donors utilising the Foundation's knowledge and ability to manage complex and impactful funds. A further strand of fund developmènt is delivered through themed appeals and programmes. These include the Winter Warmth Appeal (supporting the needs of vulnerable older people with heating costs) and the Better Tomorrows Fund (a strategic youth work training and youth work funding fund). Opportunities exist to grow this work, particularly with the local authorities and with partners in Furness where significant investment is planned in support of 'Team Barrow,. Investing in Operational Capability The implementation of a new Customer Relationship Management system is planned for 2024125. Thls will increase efficiency in all 35pects of the Foundation's work. To support the ongoing development of the Foundation a Knowledge Transfer plan will be developed to capture and share the key learning within the organisation. The Foundation's risk Register and work Programme remain key tools for trustee governance oversight and as tools for the Senior Leadership Team. Page 17 Cumbria Community Foundation Report of the Trustees for the year ended 31 March 2024 HOW WE WORK: STRUCTURE, GOVERNANCE AND MANAGEMENT The Foundation is constituted as a charitable company limited by guarantee. It was incorporated on 15 February 1999 and registered as a charity on 15 April 1999. It commenced its operations in May 1999. The Foundation has seven Charities linked to It; these are as follows: Cumbria Community Foundation Trust Cumberland Educational Foundation Dowker Bindloss Charity Edmond Castle Educational Trust The Beverley Charitable Trust The Mary Grave Trust The Westmorland Arts Trust The accounts for these Charities are consolidated into these accounts. In March 2012, the Cumbria Special Events Company was created to take responsibility for fundraising events. This company was made dormant at the end of March 2015 and has remained dormant during this financial year. Ambassadors As part of the Equality, Diversity and Inclusion revlew the decision has been taken by trustees to retire the Hon posltions Wlthin the Foundation. The trustees of the Foundatlon have created voluntary positions known as 'Ambassadors'. The role of the Ambassador will be to provide advice, advocacy and assistan￿ in support of the Foundation's work. Trustees All Trustees give their time freely. As disclosed In note 11 of the accounts, £nil (2023 £nil) of expenses were either paid to the Foundation's Trustees or paid directly to a third paty for mileage and expenses incurred on behalf of the Foundation. The Memorandum and Articles of Associatlon provide that the maximum number of Trustees is twenty three. Trustees are nomlnated and elected by members as follows.. Group A - Not more than three Trustees from any organi5ation, not being eligible under Group 8, with charitable objectives working wholly or partly in Cumbria; Group B - Not more than three Trustees who are any person, body of persons, grant-making charitable trust, Company, partnership or other organisation, not being eligible under Group D, who subscribe money to the Company or who contribute other assets or seNices judged by the Trustees to be beneficial to the Companyt Group C - Not more than three Trustees to be appointed annLtally from any local authority or other publlc body operating wholly or partly in Cumbria, of whom one appointee shall be a senior offi￿r nominated by Cumbria County Council. Group D - Not more than five Trustees from any organisation with a view to profit which subscribes money to the Company or contributes assets or services thought by the Trustees to be beneficial to the Company. In addition, the Trustees at any time may co-opt not more than nine persons having special expertise valuable to the work of the Trustees paying due regard to ensuring that so far as possible the Trustees reflect the county-wide remit of the Company. One third of Trustees in each of the Groups A, B, and D and all those Trustees in Group C or who have been co-opted retire at the Annual General Meeting. Retiring Trustees are eligible for re-election, re-nomination or re-co-option provided that they have served no longer than nine years, Wlth the exception of a retiring Chair. A Trustee who has served for nine years may be re-elected, re-nominated or re-co-opted after an interval of at least one year. Page 18 Cumbria Community Foundation Report of the Trustees for the year ended 31 March 2024 The Chair and offi￿rS are appointed by the Trustees from among their number. The Board meets quarterly. Committees have been set up for advice and support as follows: Management and Finance committee Investment committee Main Grants committee West Cumbria Grants committee Furness Grants committee Personnel committee Each committee has its own terms of reference. All the committees may indude members who are not Trustees but must include at least one Trustee. Task and finish groups can also be setup for particular tasks or issues. On appointment each Trustee is given an induction pack which includes relevant documents, such as the business plan, and a copy of Charity Commission leaflet CC3, 'The Essential Trustee,. Before agreeing to become a Trustee, potential Trustees meet with the Chair andlor Chief Executive, who outline the commitment which the Foundation expects of its Trustees. The Chair and Chief Executive will also discuss with each Trustee the contribution which they may make to the Foundation. New Trustees are invited to an induction tour of the offi￿. Training needs are assessed, and training sessions are held for individuals or for the Board as required. Management and stsfflng Cumbria Community Foundation Trustees have delegated day to day management of the organisation to the Chief Executive who reports on the performance against the strategic aims agreed in the business plan. The Chief Executive has responsibility for planning and developing services and strategies for the Foundation within guidelines set by the Trustees. He was supported by the Senior Leadership Team of the Finance Director, Director of Programmes and Partnerships, Head of Grants Practice & Programmes and the Head of Development during the year. The Finance Dlrector reports via the Management and Finance committee on the financial position and performance against budget. Full management accounts are received quarterly by the Management and Finance committee and are received as a stsnding item by the Board. The pay of the charity's staff is reviewed annually by the Personnel Committee which comprises the Chief Executive and Trustees who have been elected members of the committee. There is normally an annual increase to cover any increases in the cost of living. Remuneration is bench marked against grant-making charities of a similar size and activity to ensure that the remuneration set is fair and not out of Ilne with that generally paid for similar roles. Risk Management The Foundation's risk register is normally reviewed and updated each year. The Trustees monitor the work and internal control prO￿dureS of the Foundation and ensure that the relevant policies and practices are in place to manage risks. These include: Employing professional staff with appropriate skills and training. Business planning, which includes consultation with key stakeholders, long term strategic planning regarding fundraisingi grant distribution policy, and staffing. Trustees monitor performance against business plan targets. The Management and Finan￿ Committee receive quarterly management accounts and written reports on all aspects of the organisation's activities. Grant making procedures include monitoring of all grant awards, spot checks on awards and grant monitoring visits by staff and trustees. Page 19 Cumbria Community Foundation Report of the Trustees for the year ended 31 March 2024 Members of the Investment sub-committee receive quarterly reports on investment performan￿ from Investment Managers. The Chair and Chief Executive meet regularly to discuss and review progress. In addition to the annual audit, the Foundation's grants programmes may be independently audited. HOW DID WE AFFORD IT: FINANCIAL REVIEW Cumbria Community Foundation is both a fundraiser and a grant maker. Because grant making is dependent on fundraising and development, Trustees need to maintain appropriate capacity in fund development activities. Funding sources The administrative costs of grant making are covered by donors and trusts, while fundraising and development work Is funded by membership feesi grant income and other unrestricted revenue income. Sponsorship and gtfts In kind The Foundation also receives valued support through sponsorship and in-kind donations. Dcdd and Co, Accountants, continue to provide payroll SeN1￿5. The total value of glfts In kind in the year was £1,200. The Trustees would like to take the opportunity to thank Dodd and Co for their continuing sUPPOrt. Membership Membership allows the people of Cumbria to have a role within the Foundation and provldes a valuable Sour￿ of revenue income. There are three categories of membership of the Foundation: Individual, Corporate, and Voluntary Sector. Members of the Foundation pay an annual subscription and have full voting rights. Reserves Our commltment to building an endowment fund to benefit Cumbria in the future Is a primary tenet of the Community Foundation and is set out in our mission Statement (which is stated on Page 5 under Objectives and Activities) Funds designated as endowments are largely unrestrlcted and so the Trustees have the power to allocate them for ongolng support of the Foundation in the short term should circumstances demand. However, these funds are an expression of long-term commitment to the people of Cumbria and they are held as endowed investments to generate a return for grant making, The Trustees retain an unrestricted resewe for the Foundation's contribution to its development programme but also for unexpected events. At the year end, excluding tangible fixed assets, total unrestricted and deslgnated reserves were £6,193,339 (This is made up of the unrestricted reseNe of £883,675 below, the designated endowment funds in note 33 of £5,201,756 and the designated grant fund in note 27 of £107,908). The £883,675 unrestricted reserve is the unrestricted resetves in note 19 of £898,432 less tangible fixed assets in note 13 of £14,757. The budgeted cost of the development programme over the next year is just under £400,000. The Trustees expert that this will be met from membership income, donations, in kind support, events and contributions from new funds brought in during the year, but recognise that this is not guaranteed, and that this income may fall in the coming year. Unrestricted core funds may also be required to support the Foundation's own grant making. The trustees have set a target of a minimum core reserve of £500,000 representing approximately 6 months, operational costs from next year's budget (not including investment management costs). This provides a buffer against the risk of falling membership income, and to secure development activities for the coming Page 20 Cumbria Community Foundation Report of the Trustees for the year ended 31 March 2024 elve months. Free unrestricted reseNes currently stsnd at £883,675 {as stated above), which is above the minimum core reseNe of £500,000. This is due to an increase in unrestricted reseNes over the past 12 months. Investments The Trustee5 have absolute discretion in the Investment of the funds of the Foundation, except for those holdings which are donated to the Foundation on condition that they are retained either in perpetuity or for a period of time. The financial objective of the Foundation is to generate a stable and sustsinable return on the investment of the assets to fund grant making and to SUPPOrt the operational costs of the organisation whilst maintaining the real value of assets. The Foundation relies on the investment return to fund some of our grant making. The key risk to the long- term sustainabllity of the Foundation is inflation, and the assets should be invested to mitigate thls risk over the long term. The investment objective is to generate a total return of inflation, as measured by the Consumer pri￿ Index (CPl)I plus a minimum of 3.50h per annum over the medium to long term, after expense5. This is the Target Return. To mitigate risk and to seek to Secure the best financial return over time Trustees have adopted a 'total return, approach. This means investment return for all expendable endowments can be generated from income and capital gains. The Foundation aims to draw down a percentage of the value of the assets at the commencement of each financial year (inclusive of any cash then held by its investment managers). The amount of drawdown might vary from year to year depending on grant making opportunities and past and projected investment returns (including capital appreciation and dividend income). The Investment Committee will agree the percentage draw down at no less than annual intervals, calculating performance over a rolling 5-year period. Given the long-term nature of the assets, the Trustees can tolerate short term volatility in the capltal value of assets, as long as the Foundation is able to meet Its grant making commltments through either Income or liquid capital assets. The delivery of sustainable long-term returns is a central requ[￿ ment for our portfolio and we require our managers to assess and incorporate environmental, social and governance (ESG) risks in conjunctlon with the financial positlon of the Foundation's investments. We believe that this approach is in alignment with our broad charitable objectives. Overall, on investment matters, the Trustees follow the guidantt given in the Charity Commission publication CC14.' Charities and Investment matters; A guide for Trustees. Investment performance is monitored against agreed market benchmarks, and against the Target Return over the medium term, by which is meant, in normal market conditions, rolling 5-year periods. The Investment Policy Statement is available on request. Page 21 Cumbria Community Foundation Report of the Trustees for the year ended 31 March 2024 LINKED CHARITIES Cumbria Community Foundation Trust The Trust is an unincorporated Charity, charity number 1075120-1, which was established on the 10th May 1999. The Trust applies the income to support or promote any charitsble purposes for the relief of poverty, the advan￿ment of education (Including training for employment or work), the advancement of religion, the protection or promotion of good health both physical and mental, or any other charitable purpose for the benefit of the community of the County of Cumbria and its immediate neighbourhood. It was agreed that donations from the Franci5 C Scott Trust and Barrow Council would be held in the Trust. As the Community Foundation is a limited company it is not permitted to hold funds which are permanently endowed. This is why the Margaret Taylor Memorial Trust fund, Elizabeth Fell Memorial Trust fund and Michael Hart Fund for Barrow in Furness are held by the Foundation Trust. In line with donor wishes investment returns arising from the Barrow Development Trust Fund, the Francls C Scott Challenge Fund, Margaret Taylor Memorial Fund and Michael Hart Fund for Barrow in Furness are transferred as money for grants to the Cumbria Community Foundation charitable company. Income from the Elizabeth Fell Memorial Trust Grassroots Fund is paid out in grants through the Cumbria Community Foundation Trust. An investment return of £6,670 from the Barrow Development Trust Fund was transferred to the Barrow CommLFnity Trust Fund of the charitable company during the year. Also, an Investment return of £15,502 from the Francls C Scott TrLtst Fund was transferred to the Cumbria Grants Fund of the charitable company durlng the year. The Elizabeth Fell Mernorial Trust Grassroots Fund awarded I grant totslling £1,000 during the year. The Trustee confirms that it has referred to the guidance contained in the Charity Commission's general guidance on public benefit when revlewing the Trusts aims and objectives and in setting the grant making policy for the year. As at 31 March 2024 the Trust had restricted funds of £984,223 (thls include5 an endowment of £980,225). Cumberland Educatlonal Foundation The Foundation was appointed Trustee of the Cumberland Educational Foundation, charity number 1075120- 2, under a scheme approved by the Charity Commission on 20th December 2001. The objectives of the Trust are to promote the education (including social and physical training) of persons under the age of 25 who are or whose parents are resident in the area of the former county of Cumberland and who are in need of financial assistan￿. These objects fall within tho* of the Foundation both geographically and, as they relate to children and young people, to the furtherance of education and relief of poverty. The Foundation achieves Its objects and provides public benefit by making grants to disadvantaged young people and to local charities working with disadvantaged young people in the former county of Cumberland. During the year, the Foundation awarded 12 grants totalling £73,780. On the 1st of July 2019, the Trustees passed a resolution to apply the Charities (Total Return) Regulations 2013 to the permanent endowment, more detail can be found in note 36 to the accounts. The Trustee confirms that it has referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Foundations aims and objectives and in setting the grant making policy for the year. As at 31 March 2024 the Foundation had restricted funds of £1,165,347 (This includes a permanent endowment of £1,113,975). Dowker Bindloss Charity The Dowker Bindloss Charity, charity number 1075120-5, was formed in 1987 from the merger of two long- established charities.. Mis5 Dowker's Spinsters Hospitsl established in 1831 and the will of Agnes Sarah Page 22 Cumbria Community Foundation Report of the Trustees for the year ended 31 March 2024 Bindloss set up in 1895. The objects of the charity are to address disadvantsge in Kendal. Trusteeship of the charity wa5 transferred from Kendal Town Council to Cumbria Community Foundation in April 2012. The Charity achieves its objects and provides public benefit by making grants to voluntary and community organisations SUPPOrting the residents of Kendal. During the year the Charity awarded I grant totslling £650. The Trustee confirms that it h35 referred to the guidan￿ contsined in the Charity Commission's general guidance on public benefit when reviewing the Charity's aims and objectives and in setting the grant making policy for the year. As at 31 March 2024 the Charity had restricted funds of £30,042 (this includes a permanent endowment of £29,263). Edmond Castle Educational Trust The Foundation was appointed as sole corporate trustee of the Edmond Castle Educational Trust, charSty number 1075120-4, on 4th May 2012. The Trust achieves Its object by making grants (a) in furtherance of the education and training of ( l) any child or young person who is or who at any time has been in the care of or provided with accommodation by or under the supetvision of the County Council (2) any child or young person in need within the meaning of section 17 (10)of the children act 1989 (3) any child or young person resident in the area of the county of Cumbria (4) in payment to any charitable or voluntary organisation whose objects include education and training of children or young persons. The Trust achleves its objects and provides public benefit by making grants to individuals and charitsble organisations. Durlng the year, the Trust awarded 5 grants totalling £7,537. The Trustee confirms that it has referred to the guidan￿ contained in the Charity Commission's general guidance on public benefit when reviewlng the Trusts aims and objectives and in setting the grant making policy for the year. As at 31 March 2024 the Trust had unrestricted funds of £352,208 (this includes an expendable endowment of £336,671). The Beverley Charltable Trust The Foundation was appointed as sole corporate trustee of the Beverley Charitable Trust, charity number 1075120-8, on 8th March 2018. The objects of the Trust are to provide assistance to Charitable organisations or to provide assistance and relief from poverty to individuals. The Trust achieves its objects and provides public benefit by making grants to individua15 and charitable organisations. During the year, the Trust awarded 12 grants totalling £45,481. The Trustee confirms that it has referred to the guidance contained in the Charity Commission's general guidan￿ on public benefit when reviewing the Trusts aim5 and objectives and in setting the grant making policy for the year. As at 31 March 2024 the Trust had unrestricted funds of £1,110,711 (this includes an expendable endowment of £1,061,649). The Mary Grave Trust The Foundation was appointed Trustee of the Mary Grave Trust, charity number 1075120-3, on 17 February 2009. The object of the Trust is the advan￿ment of education by the provision of scholarships grants and maintenance allowances to persons between the ages of 11 and 21 born in the former county of Cumberland (excluding those born in, and whose mother was a resident of, the City of Carlisle). The Trust deed sets out the requirements for eligibility for support. It is constrained to support young people be￿een the ages of 11 and 21, and Page 23 Cumbria Community Foundation Report of the Trustees for the year ended 31 March 2024 who were born in the old County of Cumberland area; excluding those born iii and whose mother was a resident of the City of Carlisle as defined prior to April 1974 at the time of the birth, and who are attending or have attended for at least years an establishment of secondary or further education in that area, and who are not employed by British Steel or National Coal Board, and who are in needy and deserving cirCumstan￿s. The Trust achieves its object and provides public benefit by m3king grants to support young people. During the year, the Trust aw3rded 50 grants totalling £42,987. The Trustee confirms that it has referred to the guidan￿ contained in the Charity Commission's general guidance on public benefit when revlewing the Trusts aims and objectives and in setting the grant making policy for the year. As at 31 March 2024 the Trust had restricted funds of £2,379,059 (this indudes a permanent endowment of £2,261,703). The Westmorland Arts Trust The Foundation was appointed as corporate Trustee of the Westmorland Arts Trust, charity number 1075120- 7, on 26th June 2012. The objects of the Trust are to promote the education of the public In the southern part of Cumbria, which formerly comprised the County of Westmorland, in music drama and the visual arts. In the furtheran￿ of such object but not otherwise the Trust may award grants, outside fundlng for ordinary educational curricula of making performances and works of high artistlc quality more readlly accessible to children and adults. The Trust achieves its object and provides public benefit by making grants to charitable organisations. During the year, the Trust awarded 15 grants totalling £33,896. The Trustee confirms that it has referred to the guidan￿ contsined In the Charity Commisslon's general guidan￿ on public benefit when reviewing the Trusts aims and objectives and in setting the grant making policy for the year. A5 at 31 March 2024 the Trust had unrestricted funds of £399,829 (this includes an expendable endowment of £398,161). Page 24 Cumbria Community Foundation Report of the Trustees for the year ended 31 March 2024 STATEMENT OF TRUSTEE'S RESPONSIBILThIES The Trustees (who are also directors of Cumbria Community Foundation for the purposes of company law) are responsible for preparing the Trustees, Report and the financial statements in accordan￿ with applicable law and United Kingdom Accounting Standards (United Kingdom Gener311y Actrpted Accounting Practice). Company law requlres the Trustees to prepare financial statement5 for each financial year. Under company law the Trustees must not approve the financial ststements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and the group and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In preparing these financial statement5, the Trustees are required to.. a) select suitable accounting policies and then apply them consistentlyi b) obseNe the methods and principles in the Charities SORP; c) make judgements and accounting estimates that are reasonable and prudent. d) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable group will continue in operation. The Trustees are responsible for keeping adequate accounting records that are suffficient to show and explain the charitable company and the group's transactions and disclose with reasonable accuracy at any time the financial position of the charitable group and enable them to ensure that the financial ststements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and the group and hence for taking reasonable Steps for the prevention and detection of fraud and other Irregularities. DISCLOSURE OF INFORMATION TO AUDITORS Each of the persons who are Trustees at the time when this Trustees, reportls approved has conflrmed that.. a) so as far as that Trustee is aware, there is no relevant audit information of which the charitable group's auditors are unaware, and b) that Trustee has tsken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the charitable group's auditors are aware of that information. Auditors A resolution that Armstrong Watson Audit Llmited be re-appolnted as auditors for the Charity for the ensuing year will be put to the Annual General Meeting in accordance with sedion 487(2) of the Companies Act 2006. SIGNED AS APPROVED BY THE TRUSTEES Mrs H Mackman Company Secretary 24th September 2024 Page 25 Cumbria Community Foundation Independent Auditor's report to the Members OPINION We have audited the financial statements of Cumbria Community Foundation (the 'parent charity,) and its Subsidiaries (the 'group') for the year ended 31 March 2023, which comprise the consolidated Statement of Financial Activities, the consolidated Balan￿ Sheet, parent company Balance Sheet, the consolidated Cashflow Ststement and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally AC￿pted Accounting Practice). In our opinion the financial statements: give a true and fair view of the State of the group'5 and of the parent charitable company's affairs as at 31 March 2024 and of the group's incoming resources and application of resources, including its income and expenditure for the year then ended. have been properly prepared irs accordance with United Kingdom Generally Accepted Accounting Practi￿. and have been prepared in accordance with the requirements of the Companies Act 2006. BASIS FOR OPINION We conducted our audit In accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial ststements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Flnancial Reportlng Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. CONCLUSIONS RELATING TO GOING CONCERN We have nothing to report in respect of the following matters in relation to whlch the ISAS (UK) require us to report to you where., the Trustees, use of the going concern basis of accounting In the preparation of the financial statements 15 not appropriate; or the Trustees have not disclosed in the financial statements any identified material uncertaintles that may cast significant doubt about the group's or the parent charitable company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. OTHER INFORMATION The Trustees are responsible for the other Information. The other information comprises the information included in the Annual report, other than the financial statements and our Auditors, report thereon. Our opinlon on the financial statements does not cover the other information and, ex￿pt to the extent otherwise explicitly stated in our report, we do not expre55 any form of assuran￿ conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statement5 or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identlfy such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misststement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Page 26 Cumbria Community Foundation Independent Auditor's report to the Members OPINION ON OTHER mA￿ER5 PRESCRIBED BY THE COMPANIES Acr 2006 In our opinion, based on the work undertaken in the course of the audit: the information given in the Trustees, report including the Group strategic report for the financial year for which the financial statements are prepared is consistent with the financial statements. the Trustees, report and the Group strategic report have been prepared in accordantr with applicable legal requirements. MAThERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material m155tatements in the Trustee5' report including the Group strategic report. We have nothlng to report in respect of the following matters in relation to whlch the Companies Act 2006 requires us to report to you if, in our opinion.. the parent charitable company has not kept adequate and sufficient accounting records, or returns adequate for our audit have not been received from branches not visited by u5; or the parent charltable company financial statements are not in agreement with the accountlng records and returns. or certain disc105ures of Trustees, remuneration specified by law are not made. or we have not recelved all the information and explanations we require for our audit. RESPONSIBILITIES OF TRUSTEES As explained more fully In the Trustees, responsibilities statement, the Trustees (who are also the directors of the charltable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control a5 the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statement5, the Trustees are responsible for assessing the group's and the parent charitable company's ability to contlnue as a going COn￿rn, disclosing, as applicable, matters related to going concern and using the going concern ba515 of accounting unless the Trustees either ntend to liquidate the group or the pa￿nt charitable company or to cease operations, or have no realistic alternative but to do so. Page 27 Cumbria Community Foundation Independent Auditor's report to the Members AUDrroRS' RESPONSIBILITIES FOR THE AUDrr OF THE FINANCIAL STATEMENTS Our objectives are to obtsin reasonable assuran￿ about whether the financial statements as a whole are free from material mi5Statement, whether due to fraud or error, and to issue an Auditors, report that includes our opinion. Reasonable assurance is a high level of assuran￿, but is not a guarantee that an audit conducted in accordan￿ with ISAS (UK) will always detett a material misstatement when it exists. Misststements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Our approach to Identifying and assessing the risks of material misstatement in respect of Srregularities, including fraud and non-compliantr with laws and regulation5, was as follows: the engagement partner ensured that the engagement team collectively had the appropriate competentr, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations, such as the Health & Safety at Work Act 1974, Charities Act 2011 and Companies Act 2006; we identified the laws and regulations applicable to the charity through discussions with Trustees and other management; we assessed the extent of Complian￿ with the laws and regulations identlfled above through maklng enquiries of management; and identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-complian￿ throughout the audit. We assessed the susceptibility of the Charity's financial statements to material misstatement, includlng obtaining an understanding of how fraud might occur, by.. making enquiries of management as to where they consldered there was su￿ptIbl11ty to fraud, thelr knowledge of actual, suspected and alleged fraud; and considering the internal controls in pla￿ to mitigate risks of fraud and non-compliance with laws and regulations. reviewing the key areas of the financlal statements most Susceptible to fraud whilst tailoring our audit plans. To address the rlsk of fraud through management bias and overrlde of controls, we: performed analytical procedures as a risk assessment tool to identify any unusual or unexpected relationships. and tested journal entrles to identify unusual transactions, and tested the operating effectiveness of key controls over grant approval and spend on a sample basls. and assessed whether judgements and assumptions made in determining the accounting estimates, such as the investment portfolio valuations were indicative of potential bias. and reviewed the application of accounting policies including the recognition of revenue in regards to grants, donations etc. received. In response to the risk of irregularities and non-complian￿ with laws and regulations, we designed procedures which included, but were not lirnited to: agreeing financial statement disclosures to underlying supporting documentation; and enquiring of management as to actual and potential litigation and claims,. and reviewing any and all correspondence with the Charity Commission for evidence of non-compliance. Due to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial ststements, even though we have properly planned and performed our audit in accordance with auditing stsndards. For example, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing fraud or non-complian￿ with laws and regulations and cannot be expected to detect all fraud and non-complian￿ with laws and regulations. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Counal'5 website at.. www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors, repKsrt. Page 28 Cumbria Community Foundation Independent Auditor's report to the Members USE OF OUR REPORT This report is made solely to the charitable company's members, as a bodyi in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work ha5 been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditors, report and for no other purpose. To the fullest extent permitted by law, we do not ac￿pt or assume responsibility to anyone other than the charitsble company and its members, as a bodyi for our audit work, for this report, or for the opinions we have formed. Karen A Rae FCCA (Senior ststutory auditor) for and on behalf of Armstrong Watson Audit Limited Chartered Accountants & Statutory Auditors Statutory Auditors Carlisle Page 29 Cumbria Community Foundation Consolidated Statement of Financial Activities for the year ended 31 March 2024 (incorporating Income and Expenditure Account) 31 March 2024 Restricted Endowments 2023 Total Note Unrestricted Total Income Generated funds Donations and legacies other trading activities Income from investments Charitable activities Grant making programmes other charitable activities 213,018 8,090 127,512 1,720,002 5,581 166,886 743,799 2,676,819 13,671 855,063 3,437,153 20,640 721,640 560,665 453 12,482 3,875,666 3,876,119 12,482 2,743,151 13,414 Total income 361,555 5,768,135 1,304,464 7,434,154 6,935,998 Expenditure on Raislng funds Charitable actlvities 438,683 507,478 49,222 15,846 487,905 7,132,104 341,310 6,224,321 6,608,780 Total expenditure 946,162 6,608,780 65,068 7,620,009 6,565,631 Net incomelexpenditure before investment gains (584,607) (840,645) 1,239,396 (185,855) 370,367 Net gainsl(losses) on Investments 14 8,863 2,146,265 2,155,128 (1,338,704) Net Incomel(expenditure) before transfers {575,744) (840,645) 3,385,661 1,969,273 (968,337) Transfers between funds 804,904 142,754 (947,658) Net movement in funds 229,161 (697,891) 2,438,003 1,969,273 (968,337) Total funds brought forward 777,179 4,984,722 27,145,786 32,907,687 33,876,024 Total funds carried foThiard 1,006,340 4,286,831 29,583,789 34,876,960 32,907,687 See note 47 for full comparative figures. There were no gains or losses in the year to 31 March 2024 other than those included above. All the above results are derived from continuing activities. The loss for the year for Companies Act purposes comprises the net incomelexpenditure before investment losses for the year of £185,855 (2023 £731,980) The notes form part of these financial statements Page 30 Cumbria Community Foundation - Consolidated Accounts Balan￿ Sheet as at 31 March 2024 Notes 31 March 2024 31 March 2023 Fixed Assets Tangible fixed assets Land Investments 13 14,757 20,000 29,283,795 16,369 2Q,000 26,792,936 14 29,318,552 26,829,305 Current Assets Debtors Cash at bank and in hand (Restrictsd) Cash at bank and in hand 16 272,053 4,916,329 1,149,051 344,773 5,333,881 901,095 6,337,433 6,579,749 Creditors: amounts falling due within one year Creditors and accruals 17 779,025 501,367 Net Current Assets 5,558,408 6,078,382 Total Assets less Current Liabilities 34,876,960 32,907,687 Funds Unrestricted funds Restricted funds Endowment funds 19 20 21 1,006,340 4,286,831 29,583,789 777,179 4,984,722 27,145,786 34,876,960 32,907,687 These financial statements have been prepared In accordan￿ with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by the trustees and signed on their behalf Mr D Beeby Mrs A Johnston Date: 24th September 2024 The notes form part of these financial statements Page 31 Cumbria Community Foundation - Company Company no- 3713328 Balance Sheet as at 31 March 2024 Notes 31 March 2024 31 March 2023 Fixed Assets Tangible fixed assets Land Investments other investments 13 14,757 20,000 29,283,795 loo 16,369 20,000 26,792,936 loo 14 15 29,318,652 Current Assets Debtors Cash at bank and in hand (Restricted) Cash at bank and in hand 26,829,405 16 272,053 4,916,329 1,149,051 344,773 5,333,881 901,095 6,337,433 6,579,749 Creditors: amounts falling due within one year Creditor5 and accruals 17 779,125 501,467 Net Current Assets 5,558,308 6,078,282 Totsl Assets less Current Ltablllties 34,876,960 32,907,687 Funds Unrestricted funds Restricted funds Endowment funds 19 20 21 1,006,340 4,286,831 29,583,789 777,179 4,984,722 27,145,786 34,876,960 32,907,687 These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by the trustees and signed on their behalf .A AJ J('4Lk&t Mrs A Johnston MrD Date.. 24th September 2024 The notes form part of these financial statements Page 32 Cumbria Community Foundation Consolidated Cash flow statement for the year ended 31 March 2024 2024 2023 Net cash generated from operating activities 39 (632,523) (604,760) Cash flows from investing activities Purchases of equipment Sale of equipment Dividends and interest received (less accumulated dividends) Additions to investments Drawdown from investments (7,943) (8,472) 855,063 (538,906) 154 713 462,927 721,640 (1,047,493) (328,689) Net increasel(decrease) in cash and cash In hand (169,596) (933,449) Cash at bank and in hand at beginning of year 6,234,976 7,168,425 Cash at bank and in hand at end of year 6,065,380 6,234,976 The notes form part of these financial statements Page 33 Cumbria Community Foundation Notes to the Financial Statements for the year ended 31 March 2024 I statement of Compliance Cumbria Community Foundation is a limited company incorporated in England and Wales. The address of its registered office and principal platr of business is Dovenby Hall, Dovenby, Cockermouth, Cumbria, CA13 OPN. The principal activity of the company is to improve the quality of community life for the people of Cumbria. It does this by promoting philanthropy and managing grant making funds on behalf of individuals, families, businesses and organisations. These financial statements have been presented in Pound Sterling as this is the currency of the primary economic environment in which the Company operates. 2 Accounting Policles Basis of preparation of financial statements and consolidation The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Prartice applicable to charities preparing their accounts in accordan￿ with Financial Reporting Stsndard 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019) (Charities SORP 2019 (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Att 2006. Cumbria Community Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. The Statement of Financial Activities (SOFA) and Balance Sheet consolidate the financial statements of the Cumbria Special Event Company (fhis company is dormant). No separate SOFA has been presented for the company alone as permitted by Section 408 of the Companies Act 2006. Company status The company is a company limited by guarantee. The members of the company are the Trustee5 named on page 3. In event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company. Fund accounting Unrestricted funds are available for use at the discretion of the Trustees In furtherance of the general objectives of the company and which have not been designated for other purposes, Designated funds comprlse unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund are set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund are set out in the notes to the financial statements. Endowment funds are long term funds which are invested to generate returns for grant making. Investment incomei gains and losses are allocated to the appropriate fund. Income All income is recognised once the company has entitlement to the income, it is probable that the income will be received, and the amount of income can be measured reliably. For legacies, entitlement is taken as the earlier of the date on which either: the company is aware that probate has been granted, the estate has been finali5ed and notification has been made by the executor(s) to the company that a distribution will be made, or when a distribution is received from the estate. Re￿Ipt of a legacy, in whole or in part, is only considered probable when the amount can be Page 34 Cumbria Community Foundation Notes to the Financial Statements for the year ended 31 March 2024 measured reliablyi and the company has been notified of the executor's intention to make a distribution. Where legacies have been notified to the company, or the company is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material. Donated SeNi￿S or facilities are recogni*d when the company has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the company of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP 2015 (FRS 102), general volunteer time is not recognised. On receipt, donated professional ServI￿S and donated facilities are recognised on the basis of the value of the gift to the company which is the amount the company would have been willing to pay to obtain seNices or facilities of equivalent economic benefit on the open market. a corresponding amount is then recognised in expenditure in the period of receipt. Income tax recoverable in relation to donations received under Gift Ald or deeds of covenant is recognised at the time of the donation. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. Income from grant making programmes Is recognised either on re￿Ipt or when the conditions ststed in the programmes fund agreement are met. Expenditure Expenditure is recognised once there is a legal or constructive obligatlon to make payment to a third party, it is probable that settlement will be required, and the amount of the obligation can be measured reliably. All expendlture is accounted for on an accrual's basls. All expenses including 5UPPOrt costs and governan costs are allocated to the applicable expenditure headings. Overhead costs are either allocated directly to the cost of generating funds or are allocated towards grant making. Grants payable are recognised as expenditure when either the reclplent has a reasonable expectation that they will receive a grant and Trustees have agreed to pay the grant, or the recipient has a reasonable expectstion that they will receive a grant and any condition attaching to the grant is outside the control of the Foundation. Tangible Flxed Assets and depreciation Assets used for charitable purposes, with an expected useful life extreding one year, are capitalised In the balan￿ sheet. Tangible fixed assets are stated at cost less dep￿Ciation. Depreciatlon is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Computer equipment Office equipment Written off over three years on a straight-line basis 250h on a reducing balance basis Investments Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless fair value cannot be measured reliably in which case it is measured at cost less impairment, Investment gains and 1055es, whether realised or unrealised, are combined and shown in the heading 'Gains/(10sse5) on investments, in the Ststement of financial activities. Subsidiary undertakings Investments in subsidiaries are valued at cost less provision for impairment. Page 35 Cumbria Community Foundation Notes to the Financial Statements for the year ended 31 March 2024 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are v3lued at the amount prepaid net of any trade discounts due. Cash at Bank and in hand Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Liabilities and provisions Liabilities are recognised when there Is an obligation at the Balan￿ sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or 5eNices it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the discount rate that reflects the risks specific to the liability. The unwinding of the discount Is recognised within Interest payable and similar charges. Pensions The company operates a defined contribution penslon scheme and the pension charge represents the amounts payable by the company to the fund In respect of the year. Operating leases Rentals under operating lease5 are charged to the Ststement of financial activities on a stralght line basis over the lease term. Going concern The financial statements have been prepared on a going concern basi5 as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements and have concluded that the budgeted income and expenditure is sufficient, in conjunction wlth the reserves of the Foundation, for the Foundation to be able to continue as a going COn￿rn. 3 Critical Accounttng Judgements and Key Sources of Estimation Uncertalnty In applying the Company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors, judgements, estimates and assumptions are based on the best and most reliable eviden￿ available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual re5uIt5 and outcomes may differ. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods. The critical judgements that the dlrectors have made in the prO￿sS of applying the Company's accounting policies that have the most significant effect on the amounts remgnised in the statutory financial statements are discussed below. Assessing indicators of impairment In assessing whether there have been any indicators of impairment assets, the directors have considered both external and internal sources of information such as market conditions and experience of recovery. There have been no indicators of impairments identified during the current financial year. Revenue recognition in respett of legacies Page 36 Cumbria Community Foundation Notes to the Financial Statements for the year ended 31 March 2024 The company has estimated the value of legacies by looking at valuations of eststes provided by the executor. These valuations can include assets that have not been realised yet, any variations to the estimates could result in the over or under recognition of revenue. Determining residual values and useful economic lives of equipment The company depreciates tangible a55ets over their estimated useful lives. The estimation of the useful lives of assets is based on historic performance as well as expectations about future use and therefore requires estimates and assumptions to be applied by management. The actual lives of these assets can vary depending on a variety of factors, including technological innovation, product life cycles and maintenance programmes. Judgement is applied by management when determining the residual values for equipment. When determining the residual value management aim to assess the amount that the companywould currently obtain for the disposal of the asset, if it were already of the condition expected at the end of its useful economic life. Where possible this is done with reference to extsrnal market prices. Page 37 Cumbria Community Foundation - Consolidated Accounts Notes to the Financial Statements for the year ended 31 March 2024 Total Totsl Restricted Endowment 31 March 2024 31 March 2023 Unrestricted 4 Donations and legacies Individual and group donatlons Corporate donations Local authority donations Charitable trusts Membership Legacies Glfts In kind Taxation recoverable 29,746 92,852 387,029 1,096,892 592,726 128,008 1,009,501 1,317,752 1,058,411 590,721 320,000 992,764 72,797 259,169 1,270 142,021 4,724 75,316 143,474 148,198 75,316 14,643 1,200 110,209 11,133 3,510 1,200 9,180 81,474 19,555 213,018 1720,002 743 799 2 676 819 3 437 153 2023 Totals 158,278 1,597 019 1,681,856 3 437 153 Total Totsl Unrestrlcted Restricted Endowment 31 March 2024 31 March 2023 5 Other tradlng actlvltles Events (Income generatlng) 8,090 20,640 2023 Totsls 20,640 Total Totsl Restrlcted Endowment 31 March 2024 31 March 2023 Unrestrlcted 6 Investment Income Interest on cash deposlts Other Interest receNable Rent receivable stock market portlolio 118,240 22 1,809 120,049 22 460 734,532 63,481 38 460 657,661 460 164,617 9,250 560,665 127 512 166,886 560,665 855 063 721640 2023 Totals 149 752 499 801 721640 Total Total Unrestricted RestrScted Endowment 31 March 2024 31 March 2023 7 Charitable activities Grant making programmes Grants receNable'. Local Authorities Corporate donors Return of funding to donor Charltable trusts and voluntary sector organlsatlons Health authorities Grant refunds 671,990 1,911,584 671,990 1,911,584 322,028 1,419,869 678,852 522,222 91,OL8 678,852 522,222 91,471 300,616 575,500 125,138 453 453 3,875,666 3,876,119 2,743,151 other charitable artivities Grant admlnlstration fees receivable Other charitable activities 12,482 12,482 13,164 250 12,482 12,482 13,414 Total charitable activities 12,935 3,875,666 3 888 601 2 756,565 2023 Totals 42,733 2 713 832 2 756 565 Page 38 Cumbria Community Foundation - Consolidated Accounts Notes to the Financial Ststements for the year ended 31 March 2024 8 Expenditure Generating Funds Grant making Total 2024 Totsl 2023 Grants Direct costs Grants (See Note 9) Staff costs (See noie 12) Event costs Recruitment costs staff travel and training Meetings and volunteers Fees and consultsncy Information technology and subscriptions Postage and telephone sktionery and prlnting Publicity Investment management costs Premises and sundry costs 6,712,892 6.712,892 574,974 16,321 2,471 21,528 4,754 83,943 5,834,621 454,468 15,518 16,714 21,123 2,422 38,994 252,989 16,321 1,087 9,472 321,985 1,384 12,056 4,754 83,943 26,847 4,381 2,699 12,507 49,487 34,170 5,575 3,434 61,017 9,956 6,133 12,507 49,487 44,351 9,535 5,967 7,537 48,617 31,211 6 531078 6 712 892 475 613 403 570 7 592 075 Support costs Legal and professional fees Depreciation and loss on dlsposal of fixed assets Audlt fees 2,539 3,231 5,770 12,129 4,206 5,352 9,558 9,554 Total expendlture 6 712 892 487 905 419,212 7 620 009 6,565,631 Totsl expenditure 2023 5 834 621 341310 389 700 6 565 631 The Foundation dedicates significant resources to development work to secure grant maklng funds, to bulld long term capital reseNes, and to be able to strengthen its own organisational skills and capadty. Fundraising and publicity costs include work to develop new flow through and long term grant funds. These costs include produclng promots'onal leaftets and newsletters, and meetlng with potential donors and advisers. The Foundation's events programme is organi5ed lo raise its profile with potenti'al donors and beneficiaries rather than specific Income 9eneralion. Expendlture has been split belween genera￿ng funds and grant maklng as follows: Generating Funds 44% loo% Costs allocated separately 44% 56% loo% Costs allocated separately Grant Making 56% staff costs Event costs Recruitment costs Staff travel and training Meetings and volunteers Fees and consultancy Iriformatlon technology and subscription5 Postage and telephone stationery and printing Publicity Investment management costs Premises and sundry costs Legal and professional fees Legal and professional fees Depreciation and loss on disposal of fixed assets Audit fees 44% 44% 44% loo% loo% 44% 56% 440 56% Costs allocated separately 56% 56% 56% 44% 44% 56% 56010 Expenditure is allocated solely to Generab'ng funds or Grant making where the expense ￿lateS solely to that activity. If an expenditure heading relates to both generating funds and grant making then this is allocated based on the per￿ntsge of staff time used on each activity. Page 39 Cumbria Community Foundation - Consolidated Accounts Notes to the Financial Statements for the year ended 31 March 2024 9 Grants payable Grants are normally made to small, local charities and voluntary groups but have also been made to individuals in response to community need. To ensure that grant making is targeted to those communities and people most in need, priorities for grant making have been Identified: 23-24 grants Number 22-23 grants Number Priorities Improving the Ilves of disadvantsged children and famllies Improving the life skills, education, employability and enterpr[* of disadvantaged people Supporting vulnerable older people Improving the health and well-being of the people of Cumbrla strengthening and supportlng fragile communities Enabling people to access arts, sports, culture, heritage and the environment 66 612,240 266 1,176,920 339 1,500,247 265 858,919 61 281 1,137,051 1,997,347 49 128 1,635,743 1,390,159 143 1,356,392 86 665,740 45 109,615 51 107,140 935 6 712 892 845 5,834 621 23-24 grants Number 22-23 grants Number Grant reclpients Grants to Individuals Grants to voluntary and community groups 182 753 159,999 6,552,893 313 532 213,343 5,621,278 935 6 712 892 845 5,834 621 Allst of all grants to groups of £5,000 or more is set out In note 46. 10 The surplus of Income over expenditure for the year is stated after charying: 31 Mar 2024 31 Mar 2023 Depreciation (Profit)ILoss on disposal of fixed assets Auditors, remuneration as auditors 9,558 9,554 12,606 12,870 11 Trustee remuneration and expenses There was no remuneration paid to the Trustees during the year (2023 £Nil). During the year £Nil of expenses were paid to Trustees (2023 - £Nil). Page 40 Cumbria Community Foundation - Consolidated Accounts Notes to the Financial Statements for the year ended 31 March 2024 12 Employee information 2024 2023 Average number of employees (FfE) 13 12 Average number of employees (Head count) 15 15 Thls is split as follows: Senior management team Grants and donor servi￿5 Development Admin and finance 15 15 Total Total 31 March 2024 31 March 2023 staff costs Wages and salarles Soclal security Pensions 462,523 40,846 71,604 368,341 29,530 56,597 574 974 454,468 Durlng the year employees wlth emoluments over £60,000 were In the followlng band 31 March 2024 31 March 2023 No £70,000 to £80,000 £60,000 to £70,000 Remuneration of key management personnel Key management personnel comprlse member5 of the senlor management team. Thelr remuneration was as follows: Total Totsl 31 March 2024 31 March 202:. Staff costs Wages and salaries Social security Pensions 187,001 21,204 15,799 145,837 15,915 23,535 224 003 185 287 Pension provision The Foundation offers all employees the opportunity to join a group personal pension scheme operated by The Peoples Pension and will match employees, contributions to this up to a maximum of 7.50/0 of salary. The Foundation allows employees to salary sacrifice employee pension contributions if they choose. Pension costs charged in the Statement of Financial Activities represent the contributions payable by the Foundation in the year. There were contributions of £nil accrued at the year end (2023 - £nil). Page 41 Cumbria Community Foundation - Consolidated Accounts Notes to the Financial Statements for the year ended 31 March 2024 13 Tangible Fixed Assets Group and Company Tenants improvements Office equipment Computer equipment Total Cost 8rought forward Additions Dlsposals 3,196 8,318 3,388 29,091 4,555 (8,8281 40,605 7,943 (8,8281 Depreciation Brought forward Charge On disposals 599 1,065 5,643 1,229 17,991 7,264 {8,828) 24,233 9,558 (8,828) 24,963 Net Bookvalue 31 March 2024 31 March 2023 All fixed assets are held for charitsble use. 14 Investments Group and Company Total 2024 Total 2023 Market value At l April 2023 Acquisltions at cost Sale proceeds Net gain In market value In year 26,792,936 S38,906 (203,175) 2,155,128 27,140,091 1,047,493 {55,944) (1,338,704) At 31 M•rch 2024 29 283 795 26 792 936 Costat 31 March 2023 24 823 695 24 745 430 Market value 2024 Market value 2023 COIF Charitles Investment Fund Rathbone Core Investment Fund for Charlties Rathbones Dlscrelionery Management Other 16,628,413 1,362,587 10,593,330 699,465 15,007,311 1,344,575 9,741,956 699,094 29 283 795 26 792 936 15 Other Znvestments 2024 2023 Company shares in group undertaklngs loo loo 100 ordinary shares with nomlnal value of £1 In Cumbria Special Events Company Limited. Cumbria Special Events Company Limited is a dormant company. The share capital is unpaid. The company Is registered in England and Wales with company number 07972111. 16 Debtors Group Company 31 Mar 2024 31 Mar 2023 31 Mar 2024 31 Mar 2023 Prepayments and accnjed Sncome Tax recoverable 270,316 1,737 331,714 13,059 270,316 1,737 331,714 13,059 272,053 344 773 272,053 344,773 Page 42 Cumbria Community Foundation - Consolidated Accounts Notes to the Financial Statements for the year ended 31 March 2024 17 Creditors: amounts falling due withln one year Group Company 31 Mar 2024 31 Mar 2023 31 Mar 2024 31 Mar 2023 Trade creditors Accruals and deferred Income Grants payable other tsxes and social security 27,245 71,669 664,173 15,938 8,710 35,892 447,966 8,799 27,245 71,769 664,173 15,938 8,710 35,992 447,966 8,799 779 025 501367 779 125 Accruals and deferred income includes deferred income of £Nil (2023 - £NS1) whlch is funding received In advance for activities which will take place next year. 501467 18 Grantfundlng commitments Group and Company 31 Mar 2024 Commltments at the stsrt of the year Grants approved during the year Grants paid during the year 447,966 6,712,892 (6,496,685) Commitments at the end of the year 664 173 19 Unrestricted Funds Group and Company Total Notss l Apr 2023 Gain on Investments Total 31 Mar 2024 Income Expenditu Transfers Unrestricted reserves Designated funds 721,444 55,735 231,982 129,572 (692,222) (253,9361 628,367 176,537 8,861 898,432 107,908 27 777 179 361554 946 158 804 904 1 006 340 20 Restricted Funds Group and Company Totsl Notes l Apr 2023 Total 31 Mar 2024 Income Expenditure Transfers General grants funds Grassroots grant5 funLIs Communlty First grants funds Flow Through funds Appeals LSnked charfties grant funds 22 23 409,396 99,117 409,556 29,975 {623,187) (139,545) 338,076 73,558 533,841 63,105 24 25 26 28 32,276 4,169,504 8,155 266,274 36,743 5,186,734 {25,907) {5,610,974) (1,023) 1208,144) (4,158) (341,261) 23 76,516 38,954 3,404,003 7,155 239,775 105,129 4 984 722 5 768 137 6 608 780 142 754 4 286 831 21 Endowment Funds Group and Company Total l Apr 2023 Gain on Investments Total 31 Mar 2024 Income Expenditure Transfers General Endowment funds Grassroots endowment funds Community First endowment fund5 32 Designated endowment funds 33 Linked Charities endowment funds 30 31 12,081,935 2,219,504 972,544 79,032 (40,a80) {6,441) (510,882) (106,518) 973,789 170,693 13,477,306 2,356,270 2,170,357 4,904,422 196,456 324,803 2,366,813 5,201,756 186,735 (9,5591 (204,645) 34 5,769,568 66,152 {8,984) (125,613) 480,524 6,181,647 27 145 786 1304 463 947 658 2 146 265 29 583 789 Page 43 Cumbria Community Foundation - Consolidated Accounts Notes to the Financial Statements for the year ended 31 March 2024 22 Restricted Funds - General grants funds Group and Company Total l Apr 2023 Total Expendlture Transfers 31 Mar 2024 Income Alston Communlty Fund Barker Family Fund Barrow Community Trust Beeby Family Fund Brian and Ann Clark Fund Brldgets Magical Music Pot Buen Paso BurnetLs Thrive CN Group Fund Crofton Trust Fund Cumberland and Westmorland Herald Fund Cumbria Cultural Fund Cumbria Health Improvement Fund Cumbria Industries Amenities Fund Cumbrla Young People's Fund Disabillty Fund for Cumbria Dora Beeforth Memorial Fund Eden Rural Communlty Fund Education Fund (Cumbria) English Lakes Sustainabllity Fund Geoffrey Blake Architectural Heritsge Fund Glbb Charitable Trust Fund Gurney Charitable Trust Fund High Sheriffs Crimebeat Fund Hunter Davbes Fund Janetta Topsy Laidlaw Fund Jeffrey Bond Memorial Fund Johnson Fund Kipling Funds,, Relief of Poverty and Welfare of Children Welfare of the Aged Laidlaw fund for the environment Laurel House Lawrence Fund Llve the Dream Fund Nuvia Cumbria Fund Out of Eden Fund Pappagallino Fund Printers Inc Social Mobility Fund Robinson Family Fund Staff 10th Anniversary Fund Swales Trust Fund The Border Fund Violet Laidlaw Trust Fund (3,750) 3,752 (5,000) 4,005 (13,480) 10,937 (91,016) (42,433) (37,992) 44,992 (150) 1,000 3,804 244,901 (4,998) 5,925 150,000 7,186 261,452 2,002 1,800 1,853 30,358 1,950 1,853 30,358 (4,456) (2,000) 4,456 2,912 912 (1,064) 1,064 (4,840) 3,069 <835) 56,097 3,783 100,458 2,012 172,237 16,517 (1,000) 1,165 (40,526) 40,197 (12,980) 16,502 (5,242) 2,658 (3,350) (1,510) 165 627 3,522 1,775 956 3,559 3,350 800 1,510 449 5,746 6,195 7,769 3,675 2,535 361 (11,731) 3,961 745 8,311 3,399 2,234 2,016 (2,015) 2,015 (27,750) 28,876 (i) 4,420 1,051 1,160 (9,795) (2,600) (2,234) 2,018 1,201 2,327 (1,845) (3,536) (1,000) (7,200) (4,150) (26,667) (1,232) (6,157) (252,779) (16,653) (500) (500) (8,155) (6,804) (692) 1,845 3,693 1,971 6,878 3,277 26,872 992 4,310 51,508 16,652 2,928 502 6,838 3,551 1,518 844 I,ooi 971 (322) 3,270 15,442 942 1,000 2,404 (i) 2,428 4,143 15,237 1,182 1,357 3,675 1,490 200,000 2,487 3,328 756 804 1,926 879 826 409,399 The transfers of £338,076 are made up as follow5.. £420,494 investment drawdown for grant making. (£6,579) contribution to the Foundations running costs. (£75,838) transferred to other grant making funds as agreed with donors 409,556 623,186 338,077 533,846 Page 44 Cumbria Community Foundation - Consolidated Accounts Notes to the Financial Statements for the year ended 31 March 2024 22 Restricted Funds - General grant funds (continued) Group and Company The Alston Community Fund makes grants for charitable purposes for the benefit of the parish of Alston. The Barker Fund makes grants to organisations that empower young people, sUPPOrt the advancement of education, including young farmers who are aged under 25 and live In Cumbria. The Barrow Community Trust makes grants for the benefit of the people of the Borough of Barrow-In-Furness. The Beeby Famlly Fund makes grants to improve the lives of disadvantaged chlldren and young people in Cumbria, giving prlorlty to those living in Wigton and in the villages and rural communitles around Wigton. The Brian and Ann Clark Fund makes grants to projects working with disadvantaged families and ttople with disablllties or mental health issues, and assistance for young people in caring roles. Bridgets Magical Musical Pot makes small grants to support charitable organlsations and individuals to come together to make music of any kind in West Cumbria (former areas of Allerdale and Copeland). Burnetts Thrive Fund makes grants to young people attending one of the designated schools to help raise their educational attainment and career aspiration. The CN Group Fund makes grants to grassroots groups In the Newsquest distribution area. The Crofton Trust Fund makes grants to promote the educatlon of the public around agrlculture, forestry and the countryside. The Cumberland and Westmorland Herald Fund supports groups benefiting people Ilvlng In the Herald's maln clrculation area. The Cumbrla Cultural Fund make5 grants to promote excellence in the arts and cultural Ilfe of the county. The Cumbria Health Jmprovement Fund is split into 16 sub funds. The funds are used to support health wellbelng or prevention projects, services, and equipment that are likely to dellver most lrnpact In terms of improvbng the health and wellbeing of Sndlvlduals In Cumbria. The Cumbria Industries Amenities Fund makes grants to support dlsabled people in the Carllsle area. The Cumbria Young People's Fund makes grants to benefit young people aged 11 to 22 who either live In Cumbria or who grew up in Cumbria. Disability Fund for Cumbria makes 9rants for groups and Individuals to support practlcal Interventions that promote the incluslon and Integration of disabled people in employment. The Dora Beeforth Memorlal Fund makes grants to help dlsadvantaged young people partlclpate in sport or foreign travel. The Eden Rural Community Fund makes grants to benefit residents in the former Eden Distrlct and the syrroun who require support and care to enable then to live independently and safely in their own homes. The Education Fund (Cumbrla) makes grants for the advancement of education of Individuals and groups of people who reside in Cumbria. The English Lakes Sustainability Fund gives grants to groups to mlnimise the negative Impacts of tourism, whllst maximising the positive effects of tourism on the local economlc, social and environmental causes. The Geoffrey Blake Architectural Heritage Fund supports communlty based projects in Cumbrla of architectural merit which enhance people's experience and understandlng of the built environment. The Gibb Charitsble Trust Fund makes grants for vocatlonal trainlng for students and tralnees. The Gurney Charitable Trust Fund will make grants to support small, locally-focused charities in northern Cumb with a priorlty in and around the village of Ireby. The Hlgh Sheriffs Crimebeat Fund supports projects for young people involved in anti-social behavlour or crime, The Hunter Davies Fund provides funding for the annual Lakeland Book of the Year awards. The Janetta Topsy Laidlaw Fund assists older people in the Carlisle area to remain In their own home5. Jeffrey Bond Memorlal Fund makes grants to small groups for projects to support nature conseNation and the environment in Cumbria. The Johnson Fund makes grants to groups and Indlvlduals in the former Carlisle, Allerdale and Eden districts wl particular support for rural isolation, care for the elderly and mentsl wellbeing support. The Kipling Funds were established by a legacy. There are grarlt maklng ftjnds.. one benefits children and young people and the other the elderly. Page 45 Cumbria Community Foundation - Consolidated Accounts Notes to the Financial Statements for the year ended 31 March 2024 22 Restricted Funds- GènÈral grant funds (COn￿nUed) Group and Company The Laidlaw fund for the environment supp)rts projects whlch enhance appredatlon of and knowledge of the natural environment. The fund also encoura Jes invofvement by people in protettion and enhancement of the natural environment. Laurel House Brampton Fund makes gnnts to groups provldlng charitable aCtiV￿eS that beneffc elderfy people residing in the Parish of Bramoton and the surroundlng area. The Law￿nce Fund makes grdrits to IndhAduals and groups In the flelds of both music and horticulture. The Live the C)ream Fund makes grants to young people In West Cumbrfa to enable aC￿sS to studv or vocational training. The Nuvia Cumbrla Fund Ifomerty Nukem Cumbrfa Fund) benefits people lfvlng near to the company str and projett offices In Cumbrla. The Out of Eden Fund makes grants to charitable prolerts that beneff( communltles wlthin the Upper Eden valley. The Pappagalllno Fund awards grants to groups addresslng soclal Isolatlon and Nral CommUn￿leS In Curnbria and North Lancashire. The Printers Inc Soclal Mobllity Fund supports young people aged betrween 14 to 25 to Improve thelr Ilfe skllls, educatyon, employability and enterprise. The Robinson Famlly Fund makes grants to groups that work wSth the homeless, people wlth dwg or alcohol addlrtlons, people ¥vlth a physlcal disabllity, ènd for aspiring young sport5 people aged 15-25 years old. The Stsff 10th Anniversary Fund Is a donor advlsed fund set up by Foundatlon staff. It makes grants for chadtable pU￿oses. The Swales Trust Fund alm5 to glve support to ¥(udents belng educated for the familngi forestry ano ortlcultural Intlustry. The Border Fund makes grants to projetts that address homelessness, hearfng Joss or other signlflcant Ibfe events, and those provldlng tralnlng to bulld skills and confldence. The Violet Laldlaw Trust Fund sUPPOrts people In the Carfisle area made hcmeless as a result of alcohol and drug addictlon, domestyc vIolen￿, famlly breakdown and mental111 health. 23 Restrlrted Funds- Grassroots grants fund5 Group and Company The Catherlne Alexander Grassroots Grants Fund makes grants In Kendal and the surroundlng dlstrfrt, The Cumbria Young People's Grassroots Grants Fund makes grants to beneflt young people aged 14 to 22 who either Ilve In Cumbria or who grew up In Cumbrfa. The Daosan Babcock Grassroots Grants Fund makes grants to Improve life chances and asplratlons In area5 coverfng the Company's employees areas of resSdence. The Evening Hill Grassroots Grants Fund favours groups In rural areas, and those worklng wth the elderfy or with young people. The Fryer Grassroots Grants Fund makes grants to groups and organisattons beneflllng children and young people, with a preference for those supportlng 16-18 year olds that are leaving care. The Gra55roots Grants Fund for Barrow makes grants within the fo￿er Borough of BarrO￿1n-FUrneSS. The Grassroots Grants Fund for CLJmbria makes grants throughout the county. It supports oroups at a local level, enabllng them lo continue or expand thelr wort Includlng advocaLy and Ser￿Ce provislon. The Lamont Pridmore Grassroots Grants Fund will make grants to organisations that Improve the I￿eS of people In West Cumbria by ralslng their aspiration and achlevement. The Moorhouse Trust Grassroots Grants Fund makes grants to small projectsi partlcularW In North Cumbria. The Quary Hill Grassroots Grants Fund makes grants throughout Cumbda wlth a preference for the fom)er North Allerdale area. The Shepley Group Grassroots Grants Fund makes grants throughout Curnbrla, wlth a preference for reas of Shepley Group etnployees, residence. The Jacobs Grassroots Fund make5 grants to small, volunteer led grassroots or communlty groups helping people facing disadvantsge. The Thomas Graham Grassroots Grants Fund makes grants to Increase young PEople's partldpatlon In sport particulady In Carlisle. The Nuclear Waste Servkes LLWR Grassroots Fund makes grants to small projects in the fo￿er Copeland distThtt. The U115water Trust Grassroots Grants Fund makes grants throughout Cumbria ￿th a p￿ferellce for the Eden district. The Wing Cdr, H, Thompson MBE & Rev. J. L. Green GrassroDts Grants Fund makes grants wthin the fomer Borough of Batrow-in-Fumess and In parfjcular to support young people. Page 46 Cumbria Community Foundation - Consolidated Accounts Notes to the Financial Ststements for the year ended 31 March 2024 23 Restricted Funds - Grassroots grants funds (continued) Group and Company Total l Apr 2023 Income Total Expenditsjre Transfers 31 Mar 2024 Catherlne Alexander Grassroots Grants Fund Cumbria Young People's Grassroots Grants Fund Doosan Babcock Grassroots Grants Fund Evening Hlll Grassroots Grants Fund Fryer Grassroots Grants Fund Grassroots Grants Fund for Barrow Grassroots Grants Fund for Cumbrla Lamont Prldmore Grassroots Grants Fund Moorhouse Trust Grassroots Grants Fund Quarry Hlll Grassmots Grants Fund Shepley Group Grassroots Grants Fund stobbarts Ltd Grassroots Grants Fund Thomas Graham Grassroots Grants Fund UK NWM Ltd Grassroots Grants Fund Ullswater Trust Grassroots Grants Fund Wlng Cdr. H. Thompson MBE & Rev. J. L, Green Grassroots Grants Fund 2,906 952 (4,563) 4,573 3,868 2,873 3,293 (19,755) 18,327 4,738 (596) 596 (3,326) 3,326 1,140 1,309 (2,175) 2,367 2,641 (2,269) 2,269 500 <6,901) 6,403 1,849 I,oii (3,517) 1,543 886 8,559 640 (18,043) 11,224 2,380 11,050 2,448 (11,427) 5,792 7,863 2,732 7,929 (11,554) 3,414 2,521 (1,115) 1,115 5,881 3,342 (9,772) 5,387 4,838 55,462 6,130 (28,499) (1,844) 31,249 6,220 1,911 (13,876) 7,417 1,672 445 510 (2,157) 1,649 447 The transfers of £73,558 are made up as follows: £79,571 Investment drawdown for grant maklng. (£5,013) contrlbution to the Foundatlons rltnning costs, {£i,000) transfers from other funds as agreed wlth donors 24 Restricted Funds - Communlty Flrst grants fund5 Company and Group The Abbeyfield Society Communlty Flrst Fund provldes support for people In north Cumbrla Ilvlng In the Carlisle, Allerdale and Eden Local Authority areas. The Abbeyfield over 55 Communlty Flrst Fund provldes support for older people, over the age of 55, in north Cumbrla living In the Carlisle, Allerdale and Eden Local Authority areas. The Liddle Thomson Community First Fund makes grants to communlty groups whose projects beneflt young people in the former Carlisle and Allerdale districts. The Rowan Community First Fund will make grants to projects which focus on unemployment training for older and young people. The Strijmmer Calling Community Flrst Fund will 5UPPOrt soclal action at a local level in Cumbrla. The Wllliam Milburn Communlty First Fund will support groups and organlsations withln the parish of Brampton and surrounding areas. Page 47 Cumbria Community Foundation - Consolidated Accounts Notes to the Financial Statements for the year ended 31 March 2024 24 Restricted Funds - Community First grants funds (continued) Company and Group Total l Apr 2023 Total 31 Mar 2024 Income Expenditure Transfers Abbeyfield Society Community First Fund for Cumbria Abbeyfield Society over 55 Communlty Flrst Fund for Cumbria Llddle Thomson Communlty First Fund for Cumbria Rowan Communlty First Fund for Cumbria strummer Calling Community First Fund for Cumbria William Mllburn Communlty First fund for Cumbria 9,605 12,017 (4,712) (1,270) 15,640 5,784 11,017 (5,910) (1,251) 9,640 810 930 (852) (75) 813 1,663 1,718 (754) (127) 2,500 1,626 1,865 (1,711) (148) 1,632 The transfers of (£4,158) are made up as follows: (£4,158) contributlon to the Foundatlons running costs. 25 Restricted Funds - Flow Through Funds Group and Company The Allerdale Holldayi Actlvitles and Food Programme makes grants to provlde activitles and address food hun( for children and young people in areas such as Maryport and Workington The Beckburn Community Fund will support groups wlthin a 5km radius of the Beckburn wlndfarm. The fund will also accept applicatlons outside the 5km radius as long as the application benefits those living within the 5km radius. The Better Tomorrows programme provides assistance to groups to traln and employ new youth workers to increase the youth support work available within Cumbrla. The Bewcastle Valley Farmers Fund was setup to address real hardship in the north of the County. It Is to be used as seed corn funding for community self help. The Broughton Moor Windfarm Fund makes grants for charltsble activltles for local communitles located In the Broughton Moor parish. The Carrfs Group Fund will make grants that promote Ilfe skills, support for rural and farming communlties and support people in fulfilling their potential in Cumbria. The Castles and Coasts Housing Assoclation Communlty Fund supports community projects that make a positive contributlon to tenants and residents living In areas setviced by the business. The CCL Secure Fund has been created to support the local community in the boroughs of Allerdale and Copeland in Cumbria. The CIFR Community Flood Resilience Fund supports smaller communities at rish of flooding and larger communities with a significant history of flooding. The Community Hardship Fund supports groups who provlde relief of hardship for people who are experiencing financial struggles caused direclly or indirettly by the cost of living crisis in Cumbria. The Cumberland Building Society Communlty Fund supports groups whose projects benefit the communities within the Cumberland Building Society's operating area. Page 48 Cumbria Community Foundation - Consolidated Accounts Notes to the Financial Statements for the year ended 31 March 2024 25 Restrlcted Funds- Flow Through Funds (continued) Group and Companv The Cumbria CommunIca￿On Project supports groups to Improve the communlcation skills and language development with an emphasis on pre school aged babies and toddlers, especlally those who may be seen most likely to begin formal education lagging behlnd thelr peers. The Cumbrfa Home from Home Fund provldes grants to organlsatlons in and around the lake district that improve the health, wellbeing and ernployment prospects of resldents by addressing soclal and rural isolatlon. The Cumbria Victims Charitsble Trust Fund wlll provide support to victims and those afferted by crime and antisoclal behaviour who reside In Cumbrla, and to groups or organisations that support vlctims of crlrne throughout Cumbria. The Cumbrla Tourism 50th Annlversary Fund makes grants for people aged 16 and over to help ralse educational attainment and career aspirations in the Cumbrlan tourism and hospitality sectors by enabling access to studyi vocational tralnlng and employment. The Curnbrla Wlnter Warmth Fund rnakes grants to group5 SUPPOrtlng vulnerable older people In the county. The Engllsh Lakes Hotels Trust Fund addresses hardship (partlculariy asslsting fami11es In crlslsls promote edUCa￿On (particularly supportlng Internshlps and apprenti¢eshlpsl and support thurch and communlty projects whlch support these two core objectives. The Flbrus Commurnlty Fund Cumbrla makes grants for communlty groups and organlsatlons In the ellglble areas below to provide access to digital technology for the most vulnerable In thelr community, wlth a partlcular focu5 on older people and young people. The Falrffield Comrnunlty Fund supports the communltles located close to the Falrfield Wlnd Farm, The Genesls Homes Community Fund makes grants to community projects wlthln the areas of the buildlng sltes The GVC Fund makes grants to groups that use ssx)rt and physlcal actlvSty to ralse awareness, tsckle mental health sllgmas and support men with rnentsl or physlcal health problems to become more aetive. The Hackney and Lelgh Fund makes grants to support small, voluntary and communlty groups and organlsatlons. The Hellrigg Wlndform Fund makes grants for charltsble actlvltles for local commvnitles located close to the Hellrlgg Windfarm. The Herdy Fund makes grants to supry)rt and nurture Cumbrla's upland fell farming and rural communities. The Hlgh Pow Community Fund makes grants for charbtable brtlvltles for local communldes In the Parlsh of Bolton. The Hlgh Sheriff Communlty Fund awards grants to groups In Cumbrla. The Klrkby Moor Community Fund makes grants for charftable att￿l￿e5 for local communltles located cbse to the Klrkby Moor Wlndfarm. The Know Your Nelghbourhood Fund provides flnanclal support to organSsafjons In Barrow In Furne$5 that Increase imp3ctfvl volunteerlng and supports people to reduce chronic lonellness. The Lord Egremont Fund for West Cumbrla supports community organlsatlons that provlde activities which supports people In Egremont, Cockermoulh and the surrounding area. The Mental Health Fund for West Cumbrla glves grants In West Cumbria to 5UPKY)rt people experlenclng mental health problems, those cadng for such people and those ralslng awareness and understandlng of mentsl health problems. The myLakeland Fund supports groups that Improve the health and wellbelng of local people and projects that protect the environment, wlth a priortty for those located In South Lakelantl. The NHS Community Mental Health Transformaty'on Fund provldes grants to groups to work with adults wlth severe mental illriess and whlch l) Target the health rlsks of smoking, obeslty and frailty, 21 Help adults to engage wlth statutory and communlty mentsl health seNlces and to develop communlty support plans. The NHS NENC Northern Cancer Alliance Fund mèkes grants for grassroots charitable organisations to Increase locally accessible information and support for anyone affected by cancer, includlng carers, family and frlends. Page 49 Cumbria Community Foundation - Consolidated Accounts Notes to the Financial Statements for the year ended 31 March 2024 25 Restricted Funds - Flow Through Funds (continued) Group and Company The NHS Green Social Prescrfbing Fund supports groups wh) improve access to nabjre-based actwities for underserved populations at risk of experiencing health Ineqalities. The NHS Mental Health Emergency Welfare Fund provides the Northern England ainic81 Networks with assistance in connection with the development and assessment of the natlonal programme directed to an approach to Taruma Informed Care. The NHS North Cumbria Discharge Support Fund awards grants to groups to support medically optlm15ed patients discharged from acute and community hospitals in North Cumbria and to prevent avoidable admissions. Funding will help people regain and maintain their Independen￿ at home and in the community over a four week perlod. The NENC ICB Waiting Well Programme supports groups wishing to re￿1ve referrals through the NHS Waiting Well I Preparing Well programmes across the North East and North Cumbria to address financial and cost of living issues experienced by individua15 whilst waiting for planned surgery. The Pappagallino Age Frlendly Fund is to support a age friendly corrdinator role in the South Lakes area. Positive Enterprise is a competition to provide disadvantaged young people Copeland with the opportunity to have thelr icseas and ambltlons heard. Programme and Prolett Partners Social Impact Fund makes grants for IndI￿dualS and groups in the former l¢xal authority areas of Allerdale and Copeland to enable access to educotional or trainlng activity, which ralse5 career asplration5, helps people become'work ready" andlor step into employment. The Roselands Trust Fund supports groups helping people facing disadvantsgei Particularty those sUppo￿.ng older adults and people with learning difficultles. The Solway Fund was set up by an anonymous donor. The fund supports charltsble groups helplng children and young adults in the Worklngton to Maryport area. The Somervell Legacy Fund was set up to 5UPPOrt the costs of a K Shoes archlve in Kendal. Should the be no Ilkelihood of the fund being required for thSs purpose the fund will be used to support projects In the The Tallentire Fund makes grants for charitable artI￿tIeS for local communities located close to the Tallentire wlndfarm Transforming West Cumbria Is a programme developed to address some of the most entrenched social and economlc issues, by deliverlng viable transformatlonal change. Transforming West Cumbria BT SIX Fund contributes to the West Cumbria Mental Health Partnershlp programme. The UK Shared Prosperlty Fund (UKSPF) and Rural England Prosperity Fund (REPF) makes grants to charitable groups to provide business support, encourage local people into employment and increase volunteering, The Warm Spots Fund 5UPPOrts groups to help them to stay open longer thls wlnter and pro￿de a warm pla for people to shelter from the cold and to help mltlgate the cost of living crisis. The Welcome Fund awards grants to address hardship in support of asylum seekers and refugees. The fund also supports the Integration of asylum seekers and refugees into the Cumbrian Community. The West Cumbria Covid-19 Community Recovery Fund awards grants to groups to support comrnunities in West Cumbria to recover and rebulld from the coronavlrus pandemic. The Westmodand Ltd Community Fund supports community projects in the travel to work area for Westmorland Ltd, particularly around Applebyi Kirkby Stephen, Brough, Tebay, Shap and Penrith. The Win5cales Moor Community Fund awards grants to groups In the parishes of Winscales, Great Clifton and Little Clifton to take local actsons that contribute to tsckling global and IcKal environmentsl issues. The Workington Lawn Tennis Club Fund makes grants for tennis coaching in Workington and Maryport, The Young Persons Opportunity Fund awards grants to groups to support the personal development of young people across the county, particularly those from challenging backgrounds with an emphasis on using experien￿ outd￿rS to expand horizons and self-confidence. Page 50 Cumbria Community Foundation - Consolidated Accounts Notes to the Financial Statements for the year ended 31 March 2024 25 Restricted Funds - Flow Through Funds (continued) Group and Company Totsl l Apr 2023 Total 31 Mar 2024 Income Expenditure Transfers Allerdale Holiday, ActNities and Food Programme ACE Beckburn Community Fund Better Tomorrows Fund Bewcastle Valley Farmers Brighter Futures Broughton Moor Wlndfarm Fund Carr's Group Fund CCL Secure Fund Castles and Coasts Houslng Assoclatlon Communlty Fund CIFR Community Flood ReSIllen￿ Fund Communlty Hardship Fund Cumberland BuSldlng Society Community Fund Cumbrla Communicatlon Project Cumbrla Home from Home Fund Cumbrla Vldlms Charitable Trust Fund Cumbrla Tourism 50th Annlversary Cumbrla Winter Warmth Fund English Lakes Hotels Trust Fund ENWL Storm Arwen Communlty Resillence Fund Falrfield Communlty Fund Flbrus Community Fund Cumbrla Genesis Homes Communlty Fund GVC Fund Hackney and Lelgh Fund Hellrigg Wlndfarm Communlty Fund Herdy Fund Hlgh Pow Communty Fund High Sheriff Community Fund Klrkby Moor Community Fund Know Your Nelghbourhood Fund Lord Egremont Fund for West Cumbrla Mental Health Fund for West Cumbria My Lakeland Fund NHS Communlty Mental HeaSth Transformation Fund NHS Green Social Prescrlbing Development Fund NHS Mental Health EmergenLry Welfare Fund NHS NENC Northern Cancer Alllance Fund NHS North Cumbrla Dlscharge Support Fund NENC ICB Waitlng Well Programme Pappagallino Age Friendly Fund PositNe Enterprise Programme and Project Partners Soclal Impact Fund Roselands Trust 37,512 (3,000) (158) {3741 (11,816) 18.339 34,354 374 218,168 311.625 20,086 520,062 5,160 {219,061) 1389,1011 7,377 460,925 5,160 38,500 47,521 1,149 4,416 38.500 17,086 1,312 5.500 30,835 1,145 3,333 {965) 12.3721 14,3501 565 1,064 1671 440 60,500 11,000 118,625 10,974 {8,855} 163,988) 15,429) 55 16,0891 15,5451 2,640 109,048 80,166 22,749 13,637 12,631 5,749 643 8,938 148,9421 129,3021 115,8871 14.4221 1401 1489,3091 (21) 14.5291 46,699 1681 17421 40 127,484) 21 32,444 40,789 6,620 7,467 2,240 207,210 20,888 2,240 566,314 157,689 20,888 401,433 1207,9011 120,232) 164,264) 16,697} {82} 119,4091 17681 17961 17441 82 174,123 21.000 66,000 940 4,445 11,886 5,094 18,080 10,954 3,312 15,103 16,111 900 50 56,561 25,717 15,186 10,651 18,041 31,370 619,289 11,000 126,175) 19,1981 112,1141 114,2121 140,6881 1589,7761 110,7151 11,5951 16071 13001 19681 14,1121 129,5131 18351 3,041 23,461 9,191 6,173 1,673 16,111 350 50 24,869 55.000 {80,2731 16,4191 192,157 19.570 1194,6431 115,1241 1,960 55,700 152.294) {4,2711 (865) 10,000 113.957} 3,957 202.437 202,437 86,496 180,000 65,786 14,493 454.678 154,463 1458,106) 123,781) 161,403) 133,058) (43.9111 11,7561 14.3831 17,140 39,157 (1,425) 30.148 21,000 30,148 12,099 2,521 {5,0961 16,326) Carried Forward 2 133 477 2,763,672 3 209,709 110 747 1 576,693 Page 51 Cumbria Community Foundation - Consolidated Accounts Notes to the Financial Statements for the year ended 31 March 2024 25 Restricted Fund5- Flow Through Funds (continued) Group and Company Total l Apr 2023 Total 31 Mar 2024 Income Expenditure Transfers Brought forward Solway Fund Sometvell Legacy Fund Tallentire Fund Transforming West Cumbrla Transforming West Cumbria BT Six Fund UK Shared Prosperity Fund Warm Spots Fund Welcome Fund West Cumbrla Covid-19 Community Recovery Fund Westmorland Ltd Communlty Fund Winscales Moor Communlty Fund Workington Lawn Tennls Club Young Persons Opportunlty Fund 2,133,477 2,763,672 (3,209,709) (110,747) 1,576,693 4,394 9,000 (8,794) (56) 4,544 10,170 (42) 42 10,170 39,072 44,662 (27,576) 665 56,822 1,030,231 929,967 (1,280,152) (125,121) 554,926 400,000 (186,083) (13,647) 200,270 434,966 (392,637) (40,695) 1,635 29,994 (32,728) 7,314 23,812 539 (4,695) 1,919 342 19,232 2,579 851,349 500,000 (384,479) (23,461) 943,409 54,229 66,034 (75,271) (36,189) 8,803 11,106 4,072 9,593 7,900 (79) (34) (8,695) 79 (466) (898) 19,006 3,572 4 169 504 5,186 734 5 610 974 Flow through funds are generally spent wlthln one year of when the donatlon Is recelved. 341261 3 404 005 The transfers of (£341,261) are made up as follows.. (£406,842) contribution to the Foundations runnlng costs. £32,531 transfers from other funds as agreed wlth donors £33,050 investment drawdown for grant making. 26 Restricted Funds- Appeals Group and Company Total l Apr 2023 Total 31 Mar 2024 Income Expenditure Transfers Cumbria Disaster Fund 8,155 (1,023) 23 7,155 23 The transfers of £23 are made up as follows.. £23 contribution to the Foundations running costs. The Cumbria Disaster Fund was setup in November 2016 with a £50,000 donation from Cumbrla Community Foundatlon. This fund is to relleve hardship in Cumbria caused directly by local disasters. Page 52 Cumbria Community Foundation - Consolidated Accounts Notes to the Financial Statements for the year ended 31 March 2024 27 Designated funds Group and Company Total l Apr 2023 Total 31 Mar 2024 Income Expenditure Transfers Cumbria Fund Carlisle Opportunities & Challenges Report West Cumbria Opportunities & Challenges Report Furness Education & Skills Research 40,735 74,572 (248,411) 176,537 43,433 15,000 10,000 25,000 30,000 (5,525) 24,475 15,000 15,000 3,93 ,908 The transfers of £176,537 are made up as follows: £180,013 investment drawdown for grant making. £1,490 transfer to other funds as agreed with donors for grant making. (£4,966) contribution to the Foundations running costs. 28 Linked Charltles grant funds Group and Company Totsl l Apr 2023 Total 31 Mar 2024 Income Expenditure Transfers Beverley Charitable Trust Cumberland Educational Foundation Cumbria Communlty Foundation Trust Dowker Bindloss Charlty Edmond Castle Educatlonal Trust The Mary Grave Trust Westmorland Arts Trust 56,871 (45,481) 37,672 49,062 74,562 32,209 (74,181) 18,782 51,372 29 2,193 737 3,205 822 (1,007) (650) (393) (130) 3,998 779 10,838 102,858 18,212 (7,537) (45,392) (33,896) 12,236 (6,192) 14,541 15,537 117,356 1,668 66,082 2,811 105,12 44 772 For further detalls of each linked Charity see the Trustees report. The transfers of £76,516 are made up as follows: (£13,693) contribution to the Foundations running costs. £90,209 investment drawdown for grant making. 29 Cumbria Community Foundation Trust grant funds Group and Company Total l Apr 2023 Total 31 Mar 2024 Income Expenditure Transfers Elizabeth Fell Memorial Trust Grassroots Fund 2,193 3,205 1,007 (393) 3,998 2,193 3,205 1,007 393 Page 53 Cumbria Community Foundation - Consolidated Accounts Notes to the Financial Statements for the year ended 31 March 2024 30 Endowment Funds- General endowment funds Group and Company Total 01 Apr 2023 Galn on Total Expendthre Transfers Investments 31 Mar 2024 Income Alston Moor Communlty Endowment Barker Fund Endowment Barrow Communlty Trust Endowment Beeby Famlly Endowrnent Fund Belief Fund Borron Pratt Endowment Fund 8rlan and Ann Clèrk Endowment Fund 8ridgeVs Maglcal Musical Pot Endowment Fund Buen Paso Fund Carr's Gmup Endowment Fund Carr's Group Endowment Fund CN Group Endowrnent Crofton Trust Endowment Cumberland and Westmorland Herald Endowment Curnbrla Cultural Fund Endowment Cumbrla Health Improvement Fund Cumbria Industrles Amenitles Endowment Cumbria Young People's Endowment Dlsability Endowment Fund for Curnbrta Dora Beeforth Memorial Endowment Eden Rural Community Fund Educatlon Endowment Fund Icurnbrla) Edwin and Anita Mackay Endowrnent Fund English Lakes Hotels Trust Sustalnabllity Fund Entjowment Forest Family Fund Geoffrey Blake Archltertural Herltsge Fund Endowrnent Glbb Charitable Trust Endowrnent Gurney Charltable Trust Endowment Fund Hlgh Sheriffs Crtmebeat Entlowment Hunter Davies Endowment Fund Janetts Topsy Laldlaw Trust Endowment Jeffrey Bond Memorlal Fund Johnson Endowment Fund Klpllng Fund for Younger People Endowrnent Klpllng Fund for Older People Endowrnent Laldlaw Fund for the Envlronment Endowment Laurel House Lawrenee Fund Endowment Llve the Dream Endowment Funcl Nuvla Cumbria Fund Endowment Out of Eden Endowment Fund Pappagallino Endowment Fund Printers Inc Social Moblllty Endowment Fund Robinson Famlly Fund Endowment Staff 10th Anniversary Fund Endowment Swales Trust Endowment Border Endowment Fund Vlolet Laidlaw Trust Endowment Westmorland Family Endowment Fund 96,859 103,397 119.443 347,436 1,689 50,191 1,290,604 40.692 113,227 2,537 2,710 4,654 9,095 45 7,536 544,657 11,862 3,065 25,357 787 3,014 1,970 1 720 2,076 37,976 788 27,194 { 15,092 13,646 3,539 1,013 5,666 303 37,500 2,679 504 5,627 2,300 1,304 1,364 2,717 19,906 1,248 2,498 1,334 ( 4,657 2,217 18,179 671 51,944 34,755 24,742 1,979 1,083 4,626 2,402 1,027 19,977 14241 13601 (I,iooi (1,0361 (131 {1361 (3,8101 {4671 (2741 (4,5001 (4,8951 14,9661 (16,6321 {81 {5331 (65,1001 (791 {2,8771 7,386 7,872 9,187 26,418 131 4,193 138,174 3,450 8,796 537 2,285 8,757 5,722 2,092 6,030 110,299 2,289 78,994 44,117 6,127 10,375 2,941 14,268 881 101,858 108,724 127,218 365,281 1,844 61,251 1,904,525 55,458 121,937 25,879 31,565 120,962 79,042 28,892 83,302 1,522,884 31,617 1,091,208 603,258 84,723 143,191 40,863 177,538 12,180 37,500 107,529 20,228 225,626 92,268 52,162 54,729 110,S32 785,333 50,078 100,240 53,515 185,726 88,953 729,476 26,920 208,810 1,396,537 994,448 79,468 14,747 185,637 96,384 41,202 814,079 30,019 115,038 75,170 27,477 79,222 1,448,187 30,068 1,037,766 567,638 68.576 130,932 38,893 159,169 11,584 1671 {1,459) (333) (5,514) 2261{ 3,594 ) 193) (1,304) {1,921) (2,lOS) (3,196) 170,382) {67) (1,461} 2,971) ( 49,775 } (1,453) 122,1361 1824) (2,8041 1605) (I,osoi 1195) (1,7891 13031 (1,2621 (471 (5411 102,267 19,236 214,546 87,748 49,917 52,049 103,176 745,117 47.626 95,331 50,893 176,531 84,597 693,751 25,601 150,490 1.328,437 945.969 75,583 13,232 176,545 91,664 39,184 729, 189 14311 14,7691 {1121 18641 {6641 (10,2251 11,2731 13,1871 (2511 12,5841 {1651 {2,481) (2521 (3,0531 12,1451 (35,849) (139) (2,282) (304) (4,542) 142)( 2,444 ) (1,511) (7,568) 1417) (3,8831 (1,759) 133,5031 11631 (1,1381 {6231 17,2671 14,0871 (63,5811 12,3011 (45,8231 (2561 <3,5871 1961 {5241 (8491 (8,1241 (3091 (4,350) (168) (1,824) (1,707) 7,336 7,783 1,464 16,362 6,680 3,776 3,962 7,944 58,304 3,625 7,257 3,874 13,617 6,439 52,808 1,949 14,266 101,013 71,861 5,749 1,052 13,439 6,977 2,983 59,284 12 081956 972 $44 En(k)wment funds are Invested to provide an endurlng source of return to make grants. These funds are expendable endowment but the Foundations Investmerit poliry 5tstes that the assets should be Invested to mltygate the real value of the Investment reduclng. 510 882 973 789 13 Page 54 Cumbria Community Foundation - Consolidated Accounts Notes to the Financial Statements for the year ended 31 March 2024 30 Endowment Funds - General endowment funds (Continued) Group and Companv These endowments are held by Cumbria Community Foundation and were not matched from either the Grassroots or Community First programmes. The transfers of (£510,882) are made up as follows: (£110,469) contrlbution to the Foundatlons running costs. (£443,232) investment drawdown for grant making. £42,815 transfers from other funds as agreed with donors 31 Endowment Funds - Grassroots endowment funds Group and Company Total l Apr 2023 Income Gain on Totsl Expenditure Transfers Investments 31 Mar 2024 Hen5man Acorn Grassroots Fund Catherlne Alexander Grassroots Fund Cumbria Young People's Grassroots Fund Doosan Babcock Grassroots Fund Evening Hill Gr3ssroots Fund Fryer Grassroots Fund Grassroots Endowment Barrow Fund Grassroots Endowment Cumbria Fund James Cropper Grassroots Fund Lamont Prldmore Grassroots Fund Moorhouse Trust Grassroots Fund Quarry Hill Gra55roots Fund Shepley Group Grassroots Fund stobbarts Ltd Grassroots Fund Thomas Graham Grassroots Fund UK NWM Ltd Grassroots Fund Ullswater Trust Grassroots Fund Westmorland Ltd Grassroots Fund Wlng Cdr. H. Thompson MBE & Rev. J. L. Green Grassroots Fund 27,737 862 73 1,396 2,460 29,590 118,868 3,118 336 5,716 9,067 125,001 483,763 12.677 1,166 23.422 36,824 508,676 15,382 85,860 60,831 403 2,250 1,594 109 214 173 673 4.150 2,919 1,171 6,535 4,630 16,174 90,281 63,963 58,583 1,535 130 2,847 4,459 61,600 165,295 4,331 367 8,034 12,582 173,807 40,313 1.056 90 1,959 3,069 42,389 43,534 2,970 264 1,946 3,423 47,717 290.707 157,564 7,618 4.129 814 462 13,962 7,547 22,128 11,994 305,677 165,678 117,913 9,129 548 5,351 9,190 130,333 28,798 755 85 1,379 2.192 30,281 147,336 3,875 437 7,061 11,279 154,992 44,632 1,169 153 2,116 3,395 46,927 194,667 17,953 492 9.568 15,814 218,374 93,985 2,463 368 4.409 7,154 98,825 43,726 1.145 160 2,063 3,327 45,975 2,219,492 6,Hl 106,518 170,693 2,356,258 The Gra55roots endowment funds were generated through a government funded matching initiative which ran from September 2008 to March 2011. These funds are expendable endowment but the Foundations intention Is to keep the real value of the investment, The transfers of {É106,518) are made up as follows.. (£20,672) contributlon to the Foundations running costs. (£85,846) investment drawdown for grant making. Page 55 Cumbria Community Foundation - Consolidated Accounts Notes to the Financial Statements for the year ended 31 March 2024 32 Endowment Funds - Community Flrst Endowment Funds Group Total l Apr 2023 Galn on Total Investments 31 Mar 2024 Income Expenditure Transfers Abbeyfield Society Community First Fund for Cumbria Abbeyfield Society over 55 Community First Fund for Cumbria Acorn Community First Fund for Cumbria Carrs Group Communlty First Fund for Cumbria Catherine Alexander Community Flrst Fund for Cumbrla Cumbria Young People's Community First Fund for Cumbrla Fryer Community First Fund for Cumbria Lamont Pridmore Communlty Flrst Fund for Cumbria Llddle Thomson Communlty Flrst Fund for Cumbria LLWR Community First Fund for Cumbria Moorhouse Trust Community First Fund for Cumbrla Quarry Hill Community First Fund for Cumbria Rowan Communlty Flrst Fund for Cumbria Shepley Communlty Flrst Fund for Cumbria strummer Calling Communlty First Fund for Cumbria Thomas Graham Communlty Flrst Fund for Cumbria Ullswater Communlty Flrst Fund for Cumbria Westmorland Ltd Communlty First Fund for CUmb￿a William Milburn Communlty First fund for Cumbrla Wlng Cdr H Thompson MBE and Rev JL Green Community First Fund for Cumbria 358,959 32,492 391,451 358,959 32,492 391,451 13,789 1.248 15,037 42,751 3,870 46,621 31,030 2,809 33,839 107,304 9,713 117,017 42,637 3,860 46,497 32,947 2,982 35,929 30,285 2,741 33,026 199,718 18,078 217,796 20,841 1,886 22,727 67,544 6,114 73,658 55,988 5,068 61,056 62,866 5,690 68,556 60,751 5,499 66,250 108,899 9,857 118,756 62,263 5,636 67,899 196,608 17,797 214,405 299,617 27,121 326,738 16,601 2 170 357 1,503 196 456 18,104 2 366 813 The Community First funds were generated through a government funded matching Initiative which ran for four years and ended in March 2014. These fLJnds are also expendable endowment, the Foundation has the option each year to drawdown any eX￿SS of the value of the endowment over the retail pri￿5 index for grant making. Page 56 Cumbria Community Foundation - Consolidated Accounts Notes to the Financial Statements for the year ended 31 March 2024 33 Designated endowment Funds Group and Company Total l Apr 2023 Gain on Totsl investments 31 Mar 2024 Income Expenditure Transfers The BG Fund Crispus Fund Cumbria Fund Anonymous Donor Fund Anonymous Acorn Fund Charity Bank Sha Cropper Fund Anonymous Fund HaNey Family Fund HSBC Fund Laing Fund Matyn and Carole's Community Fund Middlebrook Foundation Fund Mission CX Acorn Fund Napthens Cumbria Fund Northern Rock Foundation Fund Viscount Whitelaw Fund Winander Leisure Fund 85,566 60.322 2,603,835 324.364 49,325 509,300 187,976 13,578 214,031 67,372 169,596 25,708 27,267 68,313 8,500 7,583 {290) (4,359) {198) 13,188) (5,811) {126,159) 1721) (15,766) (114) (2,416) 8,308 6,511 198,573 24,690 3,904 110,700 (111,3131 1,035 16,292 5,128 12,910 114,933 90,714 2,738,751 341,067 58,282 620,000 76,663 14,278 225,053 70,841 178,330 250 108,571 18,820 31,376 425,545 38,011 50,271 356 5,609 1,765 4,4H 1,000 2,706 10,336 784 10,605 947 10,812 (30) (6611 (4761 (10,403) (158) (3,266) (3851 (8,235} (750) (229) (5,019) {30) (127) 167) (1,453) {899) (19,671) 180) {1,757) 171) 11,4151 103,254 6,688 29,827 404,704 36,149 38,535 7,859 1,953 2,285 30,806 2,752 2,410 The Foundats'on Is committed to bubldlng a long term fund to benefit Cumbrla in the future. Some unrestricted donations recelved are designated by Trustees a5 additions to deslgnated funds, whether held as separate named funds or added to the Cumbria Fund. Donations may be held as shares as donated or may be added to the Foundauon Investment portfollo. Income from these funds is designated by the Trustees for the Cumbria Grants Fund and can be used as on-gotng support of the Foundatlon. The transfers of (É204,6451 are made up as follows: {É42,770) cont￿bUtiOn to the Foundations runnlng costs 1£161,8751 investment drawdown for grant making 34 Llnked Charities endowment funds Group and Companv Total l Apr 2023 Gain on Total Expenditu￿ Transfers Investments 31 Mar 2024 Income Beverley Charitable Trust Cumberland Educational Foundation Cumbria Communlty Foundation Trust Dowker Bindloss Charity Edmond Castle Educational Trust The Mary Grave Trust We5tmorland Arts Trust 986,216 29,656 (569) {41,651) 87,997 1,061,649 1,051,536 (638) {25,760) 88,837 1,113,975 916,155 26,834 15,744 (560) 128,050) 76,936 2,429 980,225 29,263 314,452 2,100,478 373,897 9,480 {301) (13,4131 (5,156) (1,760) (16,7391 26,453 166,381 31,491 336,671 2,261,703 398,161 11,272 84 For further details of each linked Charity see the Trustees report. The transfers of (£125,613) are made up as follows.. {£13,233) contribution to the Foundations runnin9 costs. {£112,380) investment drawdown for grant making. Page 57 Cumbria Community Foundation - Consolidated Accounts Notes to the Financial Statements for the year ended 31 March 2024 35 Cumbria Community Foundation Trust endowment funds Group and Company Total l Apr 2023 Gain on Total Investments 31 Mar 2024 Income Expenditure Transfers Barrow Development Trust Fund Ellzabeth Fell Memorial Trust Grassroots Fund The Francis C. Scott Challenge Fund Margaret Taylor Memorlal Fund Mlchael Hart Fund for Barrow in Fltrness 168,927 2,661 (103) (8,438) 14,370 177,417 107,474 (65) 116,353 392,619 11,950 (241) (19,612) 33,343 418,059 131,563 1,133 (79) 10,728 143,345 115,572 (72) 9,551 125,051 916 155 560 980 225 All of these funds are held by the Cumbria CommunSty Foundatlon Trust whlch is a separate Charity to Cumbria Communlty Foundatlon. The Trust has been Ilnked to the Foundatlon for reporting and accounting purposes. The transfers of (£28,050) are made up as follows.. (£5,879) contrlbutlon to the Foundations runnlng costs. (£22,171) Investment drawdown for grant making. Barrow Development Trust Fund These monles were endowed by Barrow 8orough Councll as a fundralslng challenge to other donors and to generate Income and support grant maklng in the Barrow area. The endowment was made In support of the Barrow Communlty Trust Appeal launched by Cumbrla Communlty Foundatlon to bulld a capltal base to generate Income for the support of the community In the Barrow area. If at any time the Barrow CommunSty Trust ceases to operate, the inltial capltal endowment of E146,959 held In the Barrow Development Trust Fund Is repayable to Barrow 8orough Councll. Income from the Barrow Development Trust Fund is restrlcted and Is allocated to the Barrow Communlty Trust Fund. E112abeth Fell Memorlal Trust Grassroots Grants Fund The funds of the E15zabeth Fell Memorlal Trust were transferred to the Communlty Foundatlon in March 2012. The transfer attracted match fundlng at 500h from the Offlce for Civll Society. Income from the Fund wlll be used to make grants to small local voluntary and communlty groups and organisations. Grants will be for the beneflt of the inhabitants of the parish of Kingstown In Carlisle and of the surroundlng area. The fund Is permanently endowed. The Francis C. Scott Charitable Trust Challenge Fund This endowment fund was established as a challenge fund to generate matched fundlng for Cumbrla Community Foundatlon. The fundraising tsrgets have been achieved, and monie5 retained for the generatlon of income In support of the charitable objects of Cumbrla Communlty Foundatlon are restricted as follow5'.- If the Cumbrk? Community Foundatlon should for any reason trase to functkin or In the opinlon of the Trustees of the curnbr￿ Con7munity FOundat￿n ￿se to be capable of carrying out Its objects effectlvely the Trustee shall forthwith return to the Trustee5 for the time belng of the Francis C. Scott Charitable Trust the sum of£250,000 orsuch lesser5um as shèll for the time being represent the Fund. Income from the Challenge Fund Is allocated to the Cumbrla Fund within the company. Margaret Taylor Memorial Fund The fund was established as a legacy from Margaret Elizabeth Taylor. The income accrued from the fund shall be applied to the aims and objectives of the charlty and will be added to the Cumbria grants fund. The fund is permanently endowed. Mlchael Hart Fund for Barrow in Furness The fund was established as a legacy from a former Trustee Mlchael Hart. The income accrued from the fund shall be added to the Barrow Communlty Trijst Grants Fund. The fund is permanent endowment. Page 58 Cumbria Community Foundation - Consolidated Accounts Notes to the Financial Statements for the year ended 31 March 2024 36 Cumberland Educational Foundation On the 1st July 2019 the Trustees of Cumbria Community Foundation (Cumbria Community Foundation Is the sole Trustee of the Cumberland Educational Foundation) signed a resolution to apply the Charities (Total return) Regulations 2013 to the permanent endowment funds held by the Cumberland Educational Foundation. The resolution identified that the original value of the endowment for investment was £501,919 as at the 31st March 2019. The unapplied income and increase in value of the Trust since the date of the valuation together shall constitute the initial value of the Charity's unapplied total return, at the 31st March 2019 this was £526,565 The Trustees also recorded that it is their present intention to.. Apply the maximum sum each year that can be applied from the unapplied income fund to the investment fund under the Regulations. Retsin in the unapplied Income fund the whole or greater part of the Sum held so that the income of the Trust does not decrease. Apply to the income fund the whole or part of any additlons to the unapplied income fund, so to enable the Trust to finance greater awards and grants in the future by spending income and at the Trustees discretion some of the capital appreciation, at the same time preserving the value of the endowment. Unapplied Endowment Total Return Total Opening value as at l April 2023 Permanent endowment Unapplied total return Tot31 604,366 604,366 447,170 1,051,536 447,170 447,170 604,366 Movements in the year Realised/Unrealised gainsl(losses) Investment management fees 88,837 638 88,199 88,837 638 88,199 Unapplied totsl return allocated to income in the period (25,760) (25,760) Transfer from the unapplied income fund allowed by the regulations 19,340 (19,340) Net movements in the year 19,340 43,099 62,439 Closing value at 31 March 2024 Permanent endowment Unapplied totsl return Totsl 623,706 623,706 490,269 1,113,975 490,269 490,269 623,706 Page 59 Cumbria Community Foundation - Consolidated Accounts Notes to the Financial Statements for the year ended 31 March 2024 37 Analysis of net assets between fund Unrestritted Restricted Endowments Total 2023 Group Tangible fixed assets Investments Current Assets Creditors falling due withln one year 14,757 140,112 874,333 (22,8621 14,757 29,303,795 6,337,433 (779,025) 16,369 26,812,936 6,579,749 {501,3671 84,902 4,944,970 (743,0411 29,078,781 518,130 (13,122) Total net assets 1006 340 4 286 831 29 583 789 34,876 960 32,907 687 2023 Total 777 179 4 984 722 27 145 786 32 907 687 Net Assets by fund Unrestricted Restricted Endowments Total 2023 Company Tangible ftxed assets Investments Current A55ets Creditors falling due within one year 14,757 140,212 874,333 (22,962) 14,757 29,078,781 29,303,895 518,130 6,337,433 (13,122) (779,125) 16,369 26,813,036 6,579,749 (501,467) 84,902 4,944,970 (743,041) Total net assets 1 006 340 4 286 831 29 583 789 34 876 960 32 907 687 2023 Totsl 777 179 4 984 722 27 145,786 32 907 687 Net Assets by fund Unrestrlcted Restricted Endowments Total 2023 Beverley Charltable Trust Tangible fixed assets Investments Current As*ts Creditors falllng due within one year 6,037 12,836 36,227 1,031,995 29,656 1,050,868 66,431 (6,585) 970,911 74,213 (2,0371 <6,585) Total net assets 1061 651 1110 714 1043 087 2023 Total 986 216 1043 087 Net Assets by fund Unrestrltted Restrlcted Endowments Total 2023 Cumberland Educational Foundatlon Tangible fixed assets Investments Current Assets Credltors falling due within one year 25,760 25,612 1,114,134 1,139,894 36,536 (11,083) 1,086,107 44,216 (4,225) 10,924 (10,9241 (159) Total net assets 1 113 975 1 165,347 1 126 098 2023 Totsl 1051536 1 126 098 Net Assets by fund Unrestricted Restricted Endowments Total 2023 Cumbria Communlty Foundation Trust Tangible fixeLI assets Investments Current Assets Creditors falling due within one year 18,131 54,754 (72,885) 976,370 3,998 (143) 994,501 62,750 (73,028) 923,906 31,796 (37,351) 3,998 Totsl net assets 980,225 984,223 918 351 2023 Totsl 916 155 918 351 Page 60 Cumbria Community Foundation - Consolidated Accounts Notes to the Financial Statements for the year ended 31 March 2024 37 Analysls of net assets between ftsnd (continued) Net Assets by fund Unrestricted Restricted Endowments Total 2023 Dowker 8indloss Charlty Tangible fixed assets Investments Current Assets Creditors falling due within one year 29,263 29,263 1,021 (242) 26,834 242 (242) 779 11121 Total net assets 779 29,263 2023 Totsl 737 26,834 Net Assets by fund Unrestricted Re5trlcted Endowments Total 2023 Edmond Castle Educatlonal Trust Tangible fixed assets Investments Current Assets Credltors falling due withln one year 3,885 (1,120) (2,765) 6,777 8,761 327,237 9,480 (491 337,899 17,121 (2,814) 318,364 8,519 11,593) Total net assets 336 668 352 206 325 290 2023 Totsl 314 452 325 290 Net Assets by fund Unrestricted Restricted Endowments Total 2023 The Mary Grave Trust Tangible flxed assets Investments Current Assets Credltors falling due within one year 2,263,056 2,263,056 132,493 (16,490) 2,101,750 116,905 {15,319) 13,937 113,9371 118,556 (1,200) (1,353) Total net assets 33 2023 Total 102 858 2 100 478 2 203 336 Net Assets by fund Unre5trltted Restrlcted Endowments Total 2023 Westmorland Arts Trust Tangible fixed a55ets Investments Current Assets Creditors falling due withln one year 4,971 17,849 (22,820) 8,765 (7,097) 386,946 11,272 {571 400,682 22,024 (22,877) 378.358 25,740 (11,989) Total net assets 398 161 392 109 2023 Totsl 373 897 392 109 38 Financial Instruments Group 2024 Group 2023 Company 2024 Company 2023 Financial assets Financial assets that are debt Instruments measured at amorti5ed cost 6 304 009 6 540 698 6 304 009 6 540 698 Financial liabilities Financial liabilities that are debt instruments measured at amortlsed cost 691 418 456 676 691 418 456 676 Financial a￿ets measured at amortlsed cost comprise accrued income and cash balance5 Financial liabilities measured at amortised cost comprise trade creditor5, deferred income and grants payable. Page 61 Cumbria Community Foundation - Consolidated Accounts Notes to the Financial Statements for the year ended 31 March 2024 39 Reconciliation of net movements in funds to net cashflow from operating activitie5 31 Mar 2024 31 Mar 2023 Net Income for the year (as per Statement of financial actlvities) 1,969,273 (968,337) Adjustments for: (Gains)/Losses on Investments Depreciation and profivloss on disposal of flxed assets Income from investments Investment management costs (Excludlng movement in accrual) (Increase)/Decrease In debtors Increase/(Decrease) in credltors (2,155,128) 9,558 (855,063) 48,459 72,720 277,658 1,338,704 9,554 (721,640) 50,308 (33,010) (280,339) Net cash provided by operatlng actlvlties 632 523 604 760 40 Analysls of net funds At l Apr 2023 Cashflow At 31 Mar 2024 Cash in hand and at bank 6,234,976 (169,596) 6,065,380 Total 6 234 976 169,596 6 065 380 41 Operating lease commitments As at 31 March the charity had annual commitments under non-cancellable operatlng leases as follows., Operating leases which expire: 31 Mar 2024 31 Mar 2023 Within one year Within t￿0 and five years Greater than five years 2,592 2,684 4,032 7,868 Page 62 Cumbria Community Foundation - Consolidated Accounts Notes to the Financial Statements for the year ended 31 March 2024 42 Surplus attributable to the parent charity As permitted by Section 408 of the Companies Act 2006, the income and expenditure account of the parent charity is not presented as part of these financial statements, Although the income and expenditure of the parent charity is the same as the consolidated figures, as the Charity's subsidiary is currently dormant. 43 Related party transactions The Foundation is the corporate trustee of seven other charities, the Beverley Charitable Trust, the Cumberland Educational Foundation, the Mary Grave Trust, the Westmorland Arts Trust, the Edmond Castle Educational Trust, the Dowker Bindloss Charity and the Cumbria Community Foundation Trust. During the year the Community Foundation received a contribution towards costs of £4,548 (2023 - £2,097) from the The Beverley Charitable Trust. This was to cover costs incurred by the Foundatlon. The Foundation received a contribution towards costs from the Cumberland Educational Foundation of £7,378 (2023 £4,586). This was to cover costs Incurred by the Foundation. The Foundation received a contribution towards costs from the Mary Grave Trust of £8,597 (2023 - £13,852). This was to cover costs incurred by the FoLsndation. The Foundation received a contrlbution towards costs from the Westmorland Arts Trust of £3,729 (2023 - £3,050). Thls was to cover costs incurred by the Foundation. The Foundation reTrived a contribution towards costs from the Edmond Castle Educational Trust of £1,281 (2023 £2,604). This was to cover costs Incurred by the Foundation. The Foundatlon received a contribution towards costs from the Dowker Bindloss Charity of £130 (2023 £112). This was to cover costs incurred by the Foundation. The Foundation received a contribution towards costs from the Cumbria Community Foundatlon Trust of £6,279 (2023 - £6,159). This was to cover costs incurred by the Foundatlon. During the year The Foundatlon paid Dodd & Co Limited, of which trustee Alison Johnston is a director, £240 (2023 - £900) for accountsncy setvices, and they also donated services to the value of £1,200 (2023 - £1,269) The following grants were given to organisations which a Trustee has involvement with: Applicant Amount Trustee st Mary's Hospice £IOO,000 G Smlth AWAZ (Cumbria) CIC £1,000 M E Reid Fotheringham AWAZ (Cumbria) CIC £2,000 M E Reid Fotheringham Cumbria Victims Charitable Trust £4,164 M E Reid Fotheringham & G Marriott South Whitehaven Youth Partnership £650 S E Wilson South Whitehaven Youth Partnership £20,658 S E Wilson The Trustees listed above were not involved In the assessment or decislon of the grant applications. 44 Ultimate controlling party The Foundation is controlled by the board of dlrectors, who are also Trustees, whose membership is set out on page 3. 45 Members, liability The liability of the members is limited. Every member or the charity undertakes to contribute to the assets of the charity, in the event of the organisation being wound up while he or she is a member, or within one year after he or she ￿ase5 to be a member, for payment of the debts and liabilities of the charity contracted before he or she ￿aSeS to be a member, and of the costs, charges and expenses of winding up and for the adjustment of the rights of the contributors among themselves, such amount as may be required, but not ex￿edIng £1. Page 63 Cumbria Community Foundation - Consolidated Accounts Notes to the Finanaal Statements for the year ended 31 March 2024 46 Grants of, orgreater than, £5,000 pald to groups Applicant Improving the lives of dlsadvantaged chlldren and fèmllle5 Spring Mount Chrisban Fellowship 5,QOO CAP Bjrrow Cib'zens Advi￿ Carlisle ènd Eden 5,000 Cib'2ens Advte Carllsle and Eden Carlisle Rural Outreach Proiert lOiOPI Citizens Advte Carflsle and Eden 5,000 cJrI￿Ie Rural Outreach Project ICROPI Manna House (Cumbrial 5,000 Carltsle Rural Outreach Prolett (CRCI)) 5,000 Employment & Benefits Advisor West Cumbria Domestic ViolenTr Support 5,000 Cost of Lwing Crisis Counselllng Project 2023- InCreasedleXten5￿n of senrices me to Change West Cumbrya 5,000 Calderwood House Hostel Manager Project 202>2024 me to Change West Cumbr 5,000 Frlends of Bram Calde*wood House Hostel Manoger Project 202>2024 5,OCrt] Saljry Costs for Manager Cumbria Gateway Umlted 5,ofM) Time to Change West Cumbrkl Volunteer Proled @ The Charity Shop 5,OCKJ tsldetwood House upgrade West Cumbria Oomesuc V￿lenCe Support 5,OCX) Two Managefflent role salarles Ellm Community Church 7,OLKJ Wages for 3 strff members Manna House ICumbAal 8,000 Employment & Benefits Advisor Howgill Family Centre 8,460 Citlzens Adth￿ Cope￿nd Project Co-ordinator for Baby Basics West Cumbria18BWCI 8,972 Gèteway Church, Kendal Transformlng West Cumbrla Finoncial InclusSon Prolert 9,000 Salary for Community Connector Aspatria Dreamscheme 9,976 Core costs Speech and Language UK C5tlzens Advice Carllsle and Eden 10,000 Lanauage and communlc3tknn skllls prograrnme for early years thildren In Cope￿nd Furness Multlcu51ural Commun5ty Forum 10,000 CarlSsle Rural Outreach Project ICROPI io,ooo Runnlng costs 22-25 Frlends of Bram io,ooo Salary Costs for Manager LancashSre Comrnunlty Flnance IIPSI Llmited 15,000 Debt Adwser SprSngfleld Dornests'c Abuse Support In South 15,OC Poverty Lead Wave For¥var 15,598 Youth Support Worker Groundwork North East and Curnbria 19,907 West CUM￿la Money Mentor Prolert tizens Advice Copeland 20,000 Copeland Flnancial Hardshlp Prolett Qtizens Advlce Allerda 20,000 Core SeNlces and volunteer ￿rUl￿))eTht Howgill Famlly Centre 20,250 Bedrock awards- Stage 2 Always Another Wayi Cumbrfa Llmthd 23,100 Ican be HAPPY Together We CIC 34,556 Safety Net IUKI Together We Improve Famlly Wellbelng & Emotyonal Reslllence. 34,963 Phoenix Enterprfse Centre West Cumbria Imhole Famlly Approa¢h to Tackllng Oomesuc and Sexull Abuse 2020-2023 41,752 8edrock award5- Stage 2 Citlzens Advlce Allerdale 41,978 8edrock awards. &age 2 Tlme to Change West Cumbrfa Cluzens Athl￿ Copelind 55,Q28 eedrock awards. Stsge 2 61,000 Transformlng West Cumbrfa Flnanclal Inclu51on Project Improvlng the Ilfe skllls, educatlon, employablllty and enterprlse of dlsadvantaged people Millom Stepplng Stones 5,000 Support worker staff costs Slght Ad￿te South Lakes 5,000 Centre for LeJdership Performan Children and Young People Prolect s,ot Bright Stars Academlc Year 2023 to 2024 Cumbrla Council for Voluntary SeNI 5,OCrt] Ins￿rIng 8arrow Klckstart Programme Farm Llfe West Cumbrla 5,0 start.up costs Netherhall School 5,000 Sumrner School Speech and Language UK 5,000 Cumbrla Communicabon project- Phase 2 Tree-mendous Learnlng 5,000 Outdoor ￿arnIng programme Carlisle Youth Zone Brathay Trust 5,000 Salary for Junior Team Leader13 yearsl 5,000 'Elevate' Learnlng Programme Egremont Youth Partner5hlp A New Hope, Cumbria CIC 5,000 Contn'bution tri salary costs for Youth Centre Manager cast￿ Hill Trust CIO 5,000 Tutor fees and expenses for teaching BSL to chIld￿n 5,000 Mentoring through m￿￿C R3gtao Arts CIC 5,000 'ReMake' Scheme Cvrnbria Youth All13n￿ ICfAI 5,OLM] Salory and volunteer costs for Dreamscheme West Cumbrfa chrysal￿ (Cumbrial Dmited 5,orM] New website and e-comrner￿ capablllty Soundwave 5,161 New Youth Worker for Parton Youth Club Mymouth Malon Unwerslty 5,300 CHOFHS Youth Group Evaluatlon of the Better Tomorrows Programme 5,443 Part-bme Youth Worker Linking Environment and Farmiry ILEAFI 6,000 FarmMyFood Event Newton Rtgg Limited 6,000 Cumbria Youth Alliance ICYAI Management and InfrastrucbJre support 6,000 Qll to Social Acbon Friends of Tebay khool IFOTSI 6,000 Outdoor learning area Moore Arts.. Mlllom IMAM) 7.000 General Running Costs Kent Estuary Youth 7.056 Youth Worker salary for Levens Youth Club Disbngton Club for Young People 7,426 Stsff ènd core costs The Blrchall Trust 8,000 Youthabllity Youth Servres & Walney Cotnmu Cumbria Rape & Sexual violen￿ Partnershlp- Trainlng Coordinator 8,000 Salary for Youth Support Wofker The React Foundation 8,000 Keswick Youth Centre SeNEces ICanToo mentoring and acbvity costs 8,209 Youth worker sh￿c￿e5 Off Youth Prolett 8,741 Traineeship for an addittonal member of stsff Rioht2Work CIC 9,980 Travel Trainer Job Coach Paye 64 Cumbria Community Foundation - Consolidated Accounts Notes to the Financial Statements for the year ended 31 March 2024 46 Grants of. orgreJterthan, £5,000 pald to groups Applicant Improvlng the Ilfe skills, educatloni empjoyablllty and enterpr15e of disadvantsged people IconVnuEd) The Farmer Network Limlted iO,(M)Q Business Supwrt Young Wuklng In Aoriculwre West Cumbria Rivers TrL￿t 10,000 witd Atr￿ut River5 Klrkby Stephen Grammar *h(NJl 10,000 Proie¢ts Dlsadvantaged StL￿ents Centre for Leadershlp Performjn io,(y)o 6rvJht Star5 Academic Year 2023 to 2024 Cumbria Council for Voluntsry SeNte 10,000 Insp4rlrvJ B3rrow Kick5tart Programme Swh and LaryLwge UK io,ooo Cumbria CommunThtion projett- Phase Z r2rlisfe Youth Zor 10,000 Salary for JUn￿r Team Leader 13 years) Cenrre for Leadership Performèn 10,000 cuM￿la FubJre Leader5'. OUt￿a¢h offthr Centre for Leadership Performance io,ooo Cumbrla Future Leaders.. Outreach OffKer Ullswater Community C￿￿ge Fund 10,000 SC￿1 projects and trips for d15advantsged students (r￿)n￿ t11rec￿l Furness Education a￿j Skills Partnershlp IFESPI 10,000 Build My Skll15 The Phoenlx Yt>uth Project 11,911 Youth ￿e￿Ork Ewlopment Offlw The Harrington Youth Club 11,934 Youth Worker Salary Cultura Trust 13,266 Rural vdunteerlng f￿11￿￿e5, dkJiLal Induskn, health aTrJ wellbdw ￿tiv￿￿e5 Whamos Tralnlng ard Developn￿nt CIC 14,442 Pilot programme or tralnlng workshop5 Centre for Le2der5Np Performar 15,000 Poslb"ve Enterpri5e- Learn2Leèd Always Another Wayi Cufflbrrd Umited Is,000 Staff Tralnlng and Development Aspire Academy Cumbryè CIC 15.0(K) Feasibillty srudy Insplra Is,￿0 Personal Devebpment EM￿0Y?￿lIlty Programr Str￿e ac Is,000 strrt Jp ctssts Aspatria Doamscheme 15,090 Youth Worker Newt¢M) Ri93 Llmited 16,160 Manager Salary cests for Empbyer Engagement lor laThJ-b)sed provlsbn In Cumb2rland Cowr3n Care Limlted 18,th)0 Salary for yourh worker (Farm Future51 Whltehaven Eg￿MOnt and DKstrkt Credlt u￿Ort 18.112 West Cumbriè kh￿1$ Flnanclal EdUCat￿n Project Howglll Family Centre 19,248 Talk to Me Brarnp￿n and Beyond Community Trust 19,656 Two youth workers South Whilehwen Youth Partnershlp 20,658 Salaries for two youth ￿rkerS (detached se5sk*sl Yovlhabllity Youih Serwlces & Walney Communlty Cent 21,049 Salaries for youth workers Cvmbrla Chamber of Commer 22,436 Cumberland self-empwient bLL8lness sum)rt prcgramw Friend5 of Bram 22,878 Two ywlh workers CarthFM Communlty Radb 23,214 Communlty Radlo Youth Work Bralhay Trust 24,480 Salaries for new youih workers ￿OUt￿ Matters) 3D 360 Skllls Acaderny CIC 24,541 'Traln tralner, tralning course People Flrst Independent A￿C￿(Y IPFIAI 24,649 The'Work-Ready' empbyablllty project North Allerdafe Development Trust Limited INADn 24,915 Salarles for youth workers rkby Stephen Youth Cent 25,000 Youth Worke TEG Vlrtual CIC 34,361 TEGrelail BusSness Supwrt & Town Centre RegeneraUon Project 2014 Cumbria Youth AllIa￿ {CYAI 42,000 Bedr￿k awards- Stage 2 Home io Work Liml 45,031 Ealrock awards- Stage 2 Howglll Famlly Centre 47,229 Stsff wages and tralnlw cc6ts Whitehèven Hartrxwr Youth Prolttt 50,410 Bedr(tk awards- Stage 2 CumbrSa Youth AllIa￿e ICYAI 73,160 Youth work tralnlno Cumbrla Councll for Voluniary se￿ 98,744 BedrcKk Baslcs- Sta92 2 SupportSn9 Vulnerable Older People UK West Cumbrki ran Wellteln9 Group ao Centre for Leadershlp Performa e UK West Cumbr￿? UK Carllsle and Eden Age UK West Cumbr Flt4 Llfe Cumbrla Copeland Age and Advlce servi￿ (CAASI CIC io,ocrf) 15,600 19.500 29,227 37,558 41.660 42,891 57.(WJO Well Hon*.. West Cumbrta NHS North Cumbrla Belter Care fund wkth Ican and Age UK tsrllsle and Eden Sense of Purwse, Integrated pwramme ￿ skllls, workshops for ok1er people WWF Partnership AgreementGDF.Allerda 'cont￿tt and Emwwer Inltiabve BedrLKk wards- Stage 2 Bedrock awards- Stage 2 Wlnter Wamith Fund Partnership Agreement FIF Copeland Age Adwce seN]￿ ICAASI CIC G￿enwICh Leisure Limlts UK 8arrow and Dlstylct Limited Age UK West Cumbri Age UK South iAkeland Age UK Carlisle and Eden Age UK Cai115k and Ed Ai* UK Carlisfe and Eden e UK West Cumbr 57,(M)O 57,CQO 70,800 76,CilO. 89,800 96,400 107,791 130,288 152,700 WWF Partnership Agreement GDF-￿Uth Copeland AGe Frtendly South Lakeland Wlnter Wamith Fund Partnershlp Agreement Wlnter Warrnth Fund Partnershlp Agreement Winter Warmth Fund Partnership Agreement Winter Warmth Fund Partnershlp Agreement Well home CoDtinLOtion and development of Well Well@Home'. West Cumbri Page 65 Cumbrla Community Foundatlon - Consolidated Accounts Notes to the Flnancial Ststements for the year ended 31 March 2024 46 Grants of, or oreater than, £5,000 pald to aroups (conlinuedl Appllcant Improvlng the health and Well-belng of the People of Cumbrla Bèmardo's 5,000.00 Facllltalor trnlnlng and travel costs, sundr￿. PPE Bendrl9g Tru51 5,000.00 Paddllng Project Borderllne Counselling knlces 5,000.00 G￿r}selli￿ ProlKt 2023- 2024 c￿mbr￿ AddlLtknns, AlfvI￿ and Solutbns ICAOASI 5,000.00 Furness AddlLlk)n Eduotlon and Supwrt rèmont Youth Partnershlp 5,000.00 Fuslon Youth Prolett Focused Thelap 5,000.00 stsrt-up (Qsts incl￿1￿9 IT equlpnwt Ford Park Communlty Grwp 5,000.00 Induslve Volunieer Propramme IIDme to Work Limlled Flowglll Famlly cent￿ IGESI 5,000.00 fAKJd Lives Project 2023-2024- Green Sodal p￿￿rIbl￿ IGSP) Sodol PreScrIbb￿ (SPI 5,000.00 Enough Start Newton R*0 Llml s.000.00 Nature and Nurture knmallng Courses Shackles Off Youth Prel￿t 5,000.00 Youth Again Club Team Ev 5,000.00 The Kepplewray Trust S31ary costs for Peer sup￿ Servi 5,000.00 Refurbishment of centre The Windrnlll Trust 5,000.00 creat￿ Thernpy for Wesl Cumbrf Vulture Club 5,000.C y￿th Preswce Salary costs for Health & Wellbelw Cojrdlnotor 5.000.CIJ Youth Presence ProlLrt Worker Chtl￿n$ Att41￿ Copeland 5.290.00 Copeland and Al￿rdare Mental Health Support The Laur￿ Brewls Trust 5,531.41 '8etter Together, Active Communtt Every Llfe Matters 6.ODD.00 Soulh L3ke1aThJ Hydrotherapy (frustl Llmlted Sakry for part-tlme C￿rdInator for peer-led groJps 6,ODO.00 Peolp>J 3.0 Platform Lift System Cancercare North Lanc05htre & South Cumbrf 6,750.00 0ntrt0￿ne iherapy sessk)ns ee Me Piolect 8,1￿.00 C4rer SupkKIrt Sjuth Lakes Be Me Project IBNPI Course t¢ Imrx¢ve wg F*Oe se¥ estegm ano mental health 8,1￿.00 Carer Supth's Wellbelng Programme SAFA Cumbrla 8,000.00 Runnlng Costs 2024 Stomplno Groun¢fj ac 8,000.00 Siaff. managErrwl, and travel costs The Lake Dlslrlct ca￿ert Trusl 8000.00 Core Gretna Sur4JOrters SLKlety Llmlted 8,333.33 Wave FOr￿ard (was Well Nindsl GOFrr8A Holhsay Prolert 8,755.00 Wellbelng Pragramrne Tc4ether We CIC Athanlaoel Barrtsw Fi8lJers CommLnlty Foundaty¢n 9,075.00 Delfvery partner for NHS plbt project 10,000.00 QrlI5￿ tden Mlnd Llmiied Contrlbutlw lo Salar￿ lor communlty coacwgjpethsors 10,000.00 Owbri H￿se Chlklren¥ Mospke Youna Mlnds.. Advm Coachlnq"" ￿trIl￿t￿n to sabrycosts ftr 2 staff rnembers 10,000.00 OerlanOm￿e &owlng Wdl Llmired 10,000.00 Healthy How CumbrK4 Llmlted ac Runnlng co$ts for Grow￿9 Well at Wesbm0r￿nd ia,000.OD Lknk Worker Sa￿ry Kent Estuary Youth iO,000.OD Promotlng Autonomy & Chbnoe (PAC) Ltd Runnlw costs for three yÈar$ lo.000.￿ Creative Cumbrla ¢)[￿ren'5 Support Salety Net IUKI lo,000.(￿) Volunteer Pmjeci 2023- 2024 SwIngf￿kfj Dthme#ic Suppjrt In Swth Lake￿Th¢ ii.soo.thJ Drop Zone Youth Projects Contribullon to osts Ibolkn and doors) Womens Communlty Natters 13.020.00 Sabry for youth wtxker ILG6TQ+ tyjtreknl 14,657.00 Growiw Well Llm Youw Pergjn's Prelect Assbtant 15.iXJO.00 owlng Well Repltatth. SoJth Laket•nO & EdeTr North Al￿r￿a￿ Devebpmenl Trust Llmlted INAon 16,168.00 Pltslop Cumbr4a Ollzens Advlts Carlwe and Eden 16,500.00 Adytr Worker for 3 Cltlzens Advth 8ureaux Ojmbrb Addlctknns, and Solulkns ICADASI 17,402.68 Sale FamIl￿S West Cumbrla Famlty Suprort PrO￿rt 18,697.00 Tffjether We CIC Famlty SuppNt Managet ¥lary 19,000.00 Always knother W8yI Cumbrya Umbted Mealihler L￿eSty￿ and Poslll¥e Ch￿ge$ Fund- ft￿0¥ery Col*e North- SNI 20,000.00 Staff, actkvity and room hlre c05t5 Eden Valley Hogplce 20,000.00 Meals on Wheels ICumbrKg1 North curnbr￿ Health and ca￿ Spec*ibt Pall￿t￿ 2417 Advke Llno 20,000.00 NHS Dlscharge ProleLt South Lèkeland A£tk)n on Cllmate thanGe ISLACCI 20,000.DJ (>owlng Well Llmited Waste Into WellbÈlng Prtmtses t)eveknenl 23,036.60 CumLYts Additbns, Advke and Sdutkns ICADASI Mlnlbus and recruitsnenl tr3lnlno. wège5 Costs Cumbrrd Add￿t￿N5, Adv1￿ Salutk￿$ ICAUASI 24.5DD.(K) Wrock a￿rds- sraoe 2 24,750.00 TtyJelher We ac Staff and OEefatbnal costs ror CAOAS Al Wc*k prfNJramme 30.733.46 Together We Tèlk S*ety Nel IUKI 33,100.00 Together We CIC SaL3rles for ￿ Chik1ren ènd Youw peop￿,5 PraLtitknnerslWayTherapists 35,oao.oa North cumbr￿ Recovery Cdlege We51 Cumbrlè Menlal Heèllh Portnersh We51 Cumbrla Domestlcvbkntt Supwt 4Z,857.00 McKen1￿ FrEnd Project 24-25 C3rÈr Supw)rt West Cumbria CumbrK4 WiWlife Tru51 Umlied 43,777.83 awards. Stage 2 45,287.00 The 83y- Natural Health se￿ Trfether We CIC 46,000.93 Bedrcd award5- Stage 2 Cumbrki AdO￿t￿n5, AdvKe and Solutknns ICADASI 46,080.05 Cvmbrla Youth Mliantr ICfAI We51 Cumbrla Fatnlty SLWWt Serte 49,138.00 Cumbrlj w1￿11￿e T￿st Limited Low Level Mental Health Partnership PrL¥Jramme for p¥)ple 74,350.00 Nature and You Together We ac 75,000.OD Wesl Cumbrva Domest￿ VI0￿￿tr Support ¥te£overy College- Dlsordered Eaiino PWd(yJlol SuppDrt 85.000.￿ 6edrcth èwards- stage 2 Stjohns H05Pte North Lan¢zshire & South Lake5 100,oDo.00 H05plce care io Sauth Lakes resklenls 5t Mary's Ho$￿￿e ioo.000.00 The Well Communltles CIC Renovalion, staff costs and pat￿1 support ioo,(KJo.oo T¢￿ther We CIC Co-exlsiin9 SMI and SMD- Hub and SrM)ke awoath 110,585.00 Together W￿t Cumbrk4 Talk Grouncknrk North East and Cumbr 164,753.88 West Cumbr* Mental Health Pather5h Note Page 66 Cumbria Community Foundation - Consolidated Accounts Notes to the Financlal Statements for the year ended 31 March 2024 46 Grants of, or greater thani £5,000 pald to groups (continued) Appllcant strengthening and sUPPOrtlng fyaglle communitie5 North Cumbr&4 Search and Res Evergrten Community Trust Friends of Pica Ufverston Resilience Group Janet Dickson Art Foundation Trust The RDiersSde Group Limited (Eden Foyer) Kirkpatrick Fleming & Distrirt ComrnunlLy Counc51 and Hc Firb3nk Church Hall Commiitee Arthuret Parlsh Council Kirkandrews on Esk Parlsh Councll Rockcliffe Parish Councll Westlinton Parish Council can0n￿'e and Distrlct Community Council Springfield & Grethè Green Community Councll Gretna & Rigg Comtnuniiy Councll Kirkpatrick Fleming & District Communlty Coundl and Ht Firbank Church Hall Commlttee The Zlnk Prolect CIO Hallbankgate VI[￿ge Hjll Frlends ol the X112 eu5 Bolton Low Houses Soclal and Educayon Centre Lowlck Community Hall Northem Fells Rural CommunSty Development Group Proud and Dwerse CumbrSa CIC Penrlth Mountsin Rescue Team Satterthwaite Parlsh Councll Rlbblesdale Wanderers Crlcket and BowllrKJ aub Cumbrla 4x4 Response Stspleton Public Hall North Cumbria Search and Rescue st John The Evangelist Church, Osmotherfev sllloth-0n-so￿aY Sports Associatlon Broughton-In.Furne55 Vittory Hall Sprlnofield & Gretno Green Community Asset Trust Conlston Sports and Soclal Centre Note 5,000 5,000 5,000 5,000 s,￿0 5,195 5,293 PrO￿519n of PPE for flDod rescue team Evergreen Bu1￿1￿9 Refurbishment Projett AddiD'onal requlrements ptca Pl3ypark refurbishment Incorporab'ng ès a charity and runnlno costs Salary costs of part-tirne Manager Eden Rural Foyeryouth Club Offi￿1 Hall Table Repla￿ment Purchase and Installation Df solar storage batterie5 and an Inverter Padsh Counol Grant Parish Coundl Grant Parish Councll Grant Pjrish Councll Grant Parish Councll Grant Parish Council Grant Parish Council Grant Parish Council Grant Purchase and instèllation of solar storage batterles and an Inverter Facilities and Ac￿sS Improvements Generator, fuel trnk and shelter RunnSng costs Replacement of heat pump and btsller ElectrScal infrastructure for emeroency use Lend a HandlBeneflts Hub In Whltshaven Eoulpment procurement to SUPPOrt res11ien￿ and response Warm space Battery resillence aubhouse improvements- furn1tu￿ and fiitirwJs Box trailer and gazebo Generator and installatlon Provision of Cofflmunica￿ons Equipment for SAR Team Stabilisatlon of Church South Wall West Sllloth Adventure Play Park Bètterles to support the Solar Panels Replacement of all Windows at stormont Hall KStchen refurblshment Two PV arrays and backup battery Battery bèck up and ga5 woker Battery storage Development of a Debt Centre lor Kendal and Dlstrlrt Youth Matters Exp8nding KCERP Carli51e Reslllence Ne￿rk CooTdlnator Runnlng costs Replacernent doors and wlndows Kendal GLL- p￿-[abrIcated communlty cabin Purchase of 3 generators (for Alston, Garriglll, Nentheadl Invertor and 3 baiteries Water rescue uniforTn5 for 5 new volunteers and water Ilfesavlno equlpi D&ability access to portacablns Refurblshment of the community spa Play Tower and safety surfKe Whitehaven LG8TQplus Communiiy Hub eedrock Awards 2022-25 (Cohort 21 Refurblshrnent of Choose Llfe Qfe and Hub Two new electrrc vehicle charge points and community engagement West Cumbria Rebuild Expansion Developrnent offi￿r for Bedrock 83￿c$ Partnershlp ol comrnunity-led acliviiies 6,189 6,189 6,189 6,189 6,189 6,189 6,189 6,189 7,019 7,263 7,450 8,CX)O 8,Tr)O 8,360 8,699 9,000 9,022 9,431 9,717 9,909 9,960 9,984 10,ooD 10,ooD 10,212 10,298 10,300 10,410 10,910 10,950 12,000 12,240 12,500 12,SOO 12,SOO 12,730 13,000 14,446 14,520 16,207 20,000 20,000 20,Of)) 21,002 22,084 31,260 33,8[ 39,940 50,000 540,935 Charter House Resour￿ Centre The J'nk Project CIO Kendal and Dlstrltt Debt Centre Brathay Trust Ke5wlck Cornmunlty Emeroency Recovery Partnershlp CarlI￿e Communlty Help Group Appleby Emergency Response Group IAERGI Glenzier Hall Commlitee Greenwlch Le15ure Llmite Alston Moor Emergency Response Group Skelton Toppin Memorial Hall West Cumbria Search and Rescue Raydale Community Partnership Longtown Memorial Hall and Community Centre Wesyinton Parish Councll Proud and Diverse Cumbrla CIC Soclal Enterprise Acumen1SEAI CIC Proud and Diverse Cumbria CIC Charge My Street Ltd The Rebulld Site Ctc Cumbria Council for Voluntsry Se￿ce Groundwork North East and Cumbri Enabllng people to access arts* Sports, culture, herltage and the environment Lake Dlstrict Sumffter Music Hawkshead Esthw3ite Prirnary School PTA 8ridekirk and Oovenby Parish Council Wasdale Head Parlsh Council Management Commlttee Grizedale Arts Silloth on Solway Fesb-vals 2022 Gllcrux Village Hall and Educabonal Trust 5,000 5,000 7,250 8,731 9,284 9,350 12,500 Lake Dlstrirt Sumrner Muslc 2023 fesUval Fletchers Field ITnprovement and Maintenan VSllage green safety enhancements Restorab"on of medieval font and stone floor Greening The Farmer's Arms Perforrnènce fees for 9 bands at Festival In July 2024 Powerwall storage batteries Page 87 Cumbria Community Foundation - Consolidated Accounts Notes to the Financial Statements for the year ended 31 March 2024 47 Comparatives for the Consolidated Statement of Financial Activities 31 March 2023 Note Unrestricted Restricted Endowments 2022 Total Totsl Income Generated funds Donations and legacies Other trading activitie5 Income frorn investments Charitable activities Grant making programmes other charitable activities 158,278 20,640 72,087 1,597,019 1,681,856 3,437,153 20,640 721,640 1,826,019 20,150 624,037 149,752 499,801 29,319 13,414 2,713,832 2,743,151 13,414 2,893,085 42,979 Total income 293,738 4,460,603 2,181,657 6,935,998 5,406,270 Expenditure on Raising funds Charitable activities 292,948 553,936 48,362 11,990 341,310 6,224,321 290,673 4,417,810 5,658,395 Total expendlture 846,884 5,658,395 60,352 6,565,631 4,708,483 Net Incomelexpenditure before investment galns (553,146) (1,197,792) 2,121,305 370,367 697,787 Net galn51(losses) on investments 14 (5,531) (1,333,173) {1,338,704) 1,534,355 Net income/(expenditure) before transfers (558,677) (1,197,792) 788,132 {968,337) 2,232,142 Transfers between funds 762,435 297,261 {1,059,696) Net movement in funds 203,758 (900,531) (271,564) (968,337) 2,232,142 Total funds brought forward 573,421 5,885,253 27,417,350 33,876,024 31,643,882 Total funds carried fonvard 777,179 4,984,722 27,145,786 32,907,687 33,876,024 Page 68