2021-03-31-accounts - Quartet Community Foundation

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Reference and Administrative Details	Reference and Administrative Details	Reference and Administrative Details
Trustee's Report
Independent Auditors'	Report
Statement of Financial	Activities
Summary Income and	Expenditure	Account
Balance Sheet
Statement ofCash Flows
Notes to the Financial	Statements

Referen	Referen	ce and	administrative deta	ils
Company		number	3981052
Charity	number		1080418
Status			the Charity is registered	as an	Environmental			Body - number 689972
			the Charity is registered	for VAT -		number 752791703
Registered		office	Royal Oak House
and operational			Royal Oak Avenue
address			Bristol
			BS14GB
Trustees			Trustees, who are also	Directors under company					law, who served	during
			the year and up to the date ofthis			report were		as follows:
			Sue Mountstevens, Chair ofTrustees
			Sue Blatchford, Chair Finance		8 Investment		Committee
			Merlyn Ipinson-Fleming,	Chair	Governance,		HR 8 Ops Committee			(up to
			Sept 2020)
			Raj Kakar-Clayton, Deputy Chair ofTrustees,					Chair Governance,		HR 8
			Operations Committee	(from Sept		2020)
			Annie Kilvington, Chair	Philanthropy		8 Marketing			Committee
			Ben Silvey, Chair Programmes		Committee
			Jonathon Baker
			Chris Johnson
			Nick Lee
			Pat Meehan
			Bina Shah (resigned Sept 20)
			Julian Telling
			Jo Turner
Patrons			The Lord-Lieutenant of	the City and County of				Bristol, Peaches Golding OBE
			The Lord-Lieutenant of	Somerset,		Annie Maw

				Unrestricted	Restricted
				revenue	revenue	Endowment
				funds	funds	funds	2021 Total	2020 Total
			Note	E	E	E		F
Income and endowments	from:
Donations and legacies
Donations and gifts			3	1,367,305	5,057,190	10,244,108	16,668,603	13,753,409
Gifts in kind			4	1,000	-	-	1,000	8,800
Other trading activities
Consultancy and other		income		19,882			19,882	43,074
Investments
Investment properties			5	41,747	42,545	4,067	88,359	91,914
Investment income			8	(71,693)	200,464	-	128,771	58,936
Total income and endowments				1,358,241	5,300,199	10,248,175	16,906,615	13,956,133
Expenditure on:
Raising funds
Communications and publicity				92,028			92,02&	152,518
Consultancy				18,391			18,391	21,194
Community Leadership				45,026			45,026	19,886
Philanthropy services				100,876			100,876	94,889
Employer Engagement		Project		21,990			21,990	40,422
Fund development				18,887			18,&87	28,602
Investment management		costs		3,459		116,871	120,330	46,999
Investment properties				31,837			31,837	11,555
Charitable activities
Draw-downs						30,000	30,000	486,885
Grants payable					5,199,824		5,199,&24	3,929,877
Support costs ofgrants
programme				512,321	287,969		800,290	482,997
Total expenditure			7	844,815	5,487,793	146,871	6,479,479	5,315,824
Net (expenditure) Iincome
before gains and losses				513,426	(187,594)	10,101,304	10,427,136	&,640,309
Net gains on investments			1~,14	17,836	1,222,413	7,810,547	9,050,796	(1,713,307)
Net income				531,262	1,034,819	17,911,851	19,477,932	6,927,002
Transfers between funds			23	(841,044)	856,863	(15,819)
Net movement in funds			8	(309,782)	1,891,682	17,896,032	19,477,932	6,927,002
Reconciliation offunds:
Total funds brought forward				1,309,422	2,772,170	38,716,067	42,797,659	35,870,657
Total funds carried forward				999,640	4,663,852	56,612,099	62,275,591	42,797,659

		All income	funds 2020
		funds 2021	Total
		K
Income from:
Donations and legacies
Donations and gifts		6,424,495	4,897,597
Gifts in kind		1,000	8,800
Other trading activities
Consultancy and other	income	19,882	43,074
Investments
Investment properties		84,292	87,847
Investment income		128,771	58,936
Gains on investments		1,240,249	1,002,712
Gross income in the financial year		7,898,689	6,098,966
Expenditure on:
Raising funds
Communications and publicity		92,028	152,518
Consultancy		18,391	21,194
Community Leadership	- New	45,026	19,886
Donor services		100,876	94,889
Employer Engagement	Project —New	21,990	40,422
Fund development		18,887	28,602
Investment management	costs	3,459	2,959
Investment properties		31,837	11,555
Charitable activities
Grants payable		5,199,824	3,929,877
Support costs ofgrants
programme		800,290	482,997
Gross expenditure in the financial year		6,332,608	4,784,899
Net income / (expenditure)	before tax for the financial year	1,566,081	1,314,067
Tax payable
Net income /(expenditure)	for the financial year	1,566,081	1,314,067

					2021	2020
			Note			F
Fixed assets
Tangible fixed assets			12		184,597	110,955
Investments
Property			13		752,000	837,620
Other			14		54,887,958	31,160,084
					55,824,555	32,108,659
Current assets
Debtors			15	754,737		923,995
Cash at bank and in hand				6,675,763		10,296,419
				7,430,500		11,220,414
Liabilities
Creditors: amounts	falling due within		1 yr "6	(979,464)		(531,414)
Net current assets					6,451,036	10,689,000
Net assets			18		62,275,591	42,797,659
Funds
Capital funds Endowment		funds	24		56,612,099	38,716,067
Revenue funds			25
Restricted funds					4,663,852	2,772,170
Unrestricted funds					999,640	1,309,422
Total charity funds					62,275,591	42,797,659

Statement ofcash flows	Statement ofcash flows
Forthe year ended 31 March 2021
					2021	2020
				Note		F
Cash generated by operating activities:
Net cash	generated by operating activities			23	10,843,670	8,623,378
Cash flows from investing activities:
Dividends,	interest and rents from investments				217,130	150,850
Purchase	oftangible fixed assets				(29,317)	(7,050)
Proceeds	from the sale of investments				5,527,509	13,748,202
Cash movement on investments					(51,751)	764,289
Purchase	of investments				(20,127,897)	(16,141,774)
Net cash	used by investing activities				(14,464,326)	(1,485,483)
Increase	in cash and cash equivalents	in	the year		(3,620,656)	7,137,895
Cash and	cash equivalents at the beginning		ofthe year		10,296,419	3,158,524
Cash and	cash equivalents at the end ofthe year				6,675,763	10,296,419

				Unrestricted	Restricted
				revenue	revenue	Endowment
				funds	funds F	fundsf	2020 Total F
Income and endowments	from:
Donations and legacies
Donations and gifts				1,342,882	3,554,715	8,855,812	13,753,409
Gifts in kind				8,800			8,800
Other trading activities
Consultancy and other		income		43,074			43,074
Investments
Investment properties				45,663	42,184	4,067	91,914
Investment income				(55,272)	114,208		58,936
Total income and endowments				1,385,147	3,711,107	8,859,879	13,956,133
Expenditure on:
Raising funds
Communications and	publicity			152,518			152,518
Consultancy				21,194			21,194
Community Leadership		-	New	19,886			19,886
Donor services				94,889			94,889
Employer Engagement		Project - New		40,422			40,422
Fund development				28,602			28,602
Investment management			costs	2,959		44,040	46,999
Investment properties				11,555			11,555
Charitable activities
Grants payable				232,911	3,696,966		3,929,877
Draw-downs						486,885	486,885
Support costs ofgrants		programme		394,010	88,987		482,997
Total expenditure				998,946	3,785,953	530,925	5,315,824
Net (expenditure) I income	before gains
and losses				386,201	(74,846)	8,328,954	8,640,309
Net gains on investments				143,165	859,547	(2,716,019)	(1,713,307)
Net income				529,366	784,701	5,612,935	6,927,002
Transfers between funds				255,202	(56,961)	(198,241)
Net movement in funds				784,568	727,740	5,414,694	6,927,002

Material donation	s	fr	om in	st	itution	s (gre	ater th	an 5%ofthe total) h	ave been received from:
									2021	2020
									Total	Total
									E	E
Henry Smith										389,800
Gannett Foundation										134,512
Bank of Ireland									6,049,069	229,245
Bristol Community		Health		Fund					562,500	750,000
Bristol Community		Health		Fund Endowment						1,550,000
North Somerset	Community				Partnership		Endowment		3,750,000	4,200,000
Osborne Clarke									100,000	100,000
National Lottery	Community								264,500	173,000
Pople Charitable		Trust Revenue				Fund			122,000	100,000
Thrings Solicitors		Fund							133,326	104,755
Mohn Westlake	Foundation								200,000	200,000
Wesleyan Foundation									49,500	132,000
Wessex Water									170787905
The charity received			the following			government		grants:
									2021	2020
									Total	Total
Bristol City Council									200,000	275,000
BSBT										232331
CJRS									3,614
National Emergency			Trust						280,973
DCMS									174,900	100,000
									669467	607331

Investment	properties
						2021
			Unrestricted	Restricted	Endowment	Total
			E	E	E	E
Income
Tenants' contributions		to future maintenance
and repairs				1,000		1,000
Investment	income		41,747	41,545	4,067	87,359
			41,747	42,545	4,067	88,359
Expenditure
Depreciation	offixtures	and fittings	12,375			12„375
Running costs			19,462			19,462
			31,837			31,837
Net income			9,910	42,545	4,067	56,522

During the year, sundry costs	During the year, sundry costs	During the year, sundry costs	During the year, sundry costs	During the year, sundry costs	were	incurred	in respect of the	in respect of the	maintenance	maintenance	of the	buildings.	In 1999,the	In 1999,the
trustees obtained		Charity		Commission approval				to a loan	of	f122,000 from		Quartet's	permanent
endowment	fund	to	complete		the	refurbishment		of Royal	Oak	House.	This	is to be	repaid	in 30
instalments	with the final instalment					due in October		2032.
														2020
Prior period comparative:							Unrestricted		Restricted		Endowment			Total
								F		E
Income
Tenants' contributions			to future		maintenance
and repairs										1,000				1,000
Investment	income							45,663		41,184		4,067		90,914
								45,663		42,184		4,067		91,914
Expenditure
Depreciation	offixtures and			fittings				10,222						10,222
Running costs								1,333						1,333
								11,555						11,555
Net income								34,108		42,184		4,067		80,359

Investment inc	ome
							2021
			Unrestricted	Restricted	Endowment		Total
				F		E
Allocation of investment		income from
endowment			(90,074)	200,464			110,390
Interest on current accounts			18,381				18,381
Total investment	income		(71,693)	200,464			128„771

						2020
Prior period comparative:		Unrestricted	Restricted	Endowment	E	Totalf
Allocation of investment	income from
endowment		(82,850)	114,208			31,358
Interest on current accounts		27,578				27,578
Total investment income		(55,272)	1'I4,208			58,936

Quartet Community Foundation	Quartet Community Foundation	Quartet Community Foundation
Notes to the financial statements
Forthe ar ended 31 March 2021
Analysis oftotal expenditure
					Activities	Grant	Supporl &
Costs by charitable	activity				undertaken directly	funding of activities	governance costs	2021 Total
					6	8	6	6
Communications and	publicity				15,592		76,436	92,028
Consultancy							16,391	18,391
Community Leadership							45,026	45,026
Philanthropy services							100,876	100,876
Draw-downs					30,000			30,000
Employer Engagement		Project (City Funds)			1,139		20,651	21,990
Fund development							18,867	18,887
Grants payable						5,199,624		5,199,824
Investment management		costs			116,871		3,459	120,330
Investment properties					19,462		12,375	31,837
Supporl costs ofgrants		programme				267,969	512,321	800,290
Total resources expended					183,064	5,467,793	608,622	6,479,479
Affocatlon ofsupport		and	Basis	of		Property	Office	Other			2021
governance costs by activity			allocation		Staff costs	costs	costs	costs	Depreciation	Governance	Total
				'Yo	6				6	8	8
Communications and	publicity		g60%		57,295	3,659	6,694	5,435	656	2,497	76,436
Consultancy			2.37'Yo		14,157	904	1,654	1,343	212	617	18,887
Civic Influence (Community Leadership			5.66%		33,752	2,156	3,943	3,200	504	1,471	46,026
Philanthropy seniices			12.67%		75,614	4,629	8,634	7,173	1,130	3,296	100,878
Draw-downs			Specific
Employer Engagement		Project	0.00%
Fund development			2.31%		13,764	879	1,611	1,309	207	601	18,391
Grants payable			SpeciTic
Investment management		costs	0.43%		2,592	166	303	246	39	113	3,459
investment properties			SpeciTic						12,375		12,376
City Funds			2.62'Yo		15,629	998	1,826	1,483	234	681	20,851
Support costs ofgrants		programme	64.34%		384,020	24,526	44,667	36,430	5,740	16,738	612,321
Total					596,643	38,117	69,732	56,619	21,297	26,014	808,622

			Activities	Grant	Grant	Support &
			undertaken	funding	of	governance	2020
Costs by charitable	activity		directlyf	activities f		costs f	Totalf
Communications and	publicity		51,093			101,425	152,518
Consultancy						21,194	21,194
Community Leadership		- New				19,886	19,886
Philanthropy services						94,889	94,889
Draw-downs			486,885				486,885
Employer Engagement		Project - New	8,838			31,584	40,422
Fund development			5,000			23,602	28,602
Grants payable				3,929,877			3,929,877
Investment management		costs	44,040			2,959	46,999
Investment properties			1,333			10,222	11,555
Support costs of grants		programme	1,450	88,987		392,560	482,997
Total resources expended			598,639	4,918,864		698,321	5,315,824

Analysis oftotal expenditure	Analysis oftotal expenditure	(prior	period comparative) con't	period comparative) con't
Allocation ofsupport	and		Basis of		Property	Office	Other			2020
governance costs by activity			allocation	Staff costs	costs	costs	costs	Depreciation	Governance	Total
					6	E		6	5
Communications and publicity			10.83%	76,452	3,451	12331	7,504	563	1,124	101,425
Consultancy			647%	15,975	721	2,577	1,568	118	235	21,194
Community Leadership-	New		4.08%	14,990	677	2,418	1,471	110	220	19,886
Philanthropy services			22.91%	71,525	3,229	11,536	7,019	528	1,052	94,889
Draw-downs			Specific
Employer Engagement	Project	- New	9.41'/a	23,807	1,075	3,840	2,337	175	350	31,584
Fund development			5.03'la	17,790	801	2,870	1,747	132	262	23,602
Grants payable			Specific
Investment management	costs		0 70o/o	2,230	101	360	219	16		2,959
Investment properties			Specific	295,902				10,222		306,124
Support costs of grants	programme		40 57o/o		13,357	47,725	29,044	2,180	4,352	96,658
Total				518,671			50,909	14,044	7,628	698,321

This is st	ated after char	ging:
			2021	2020
			f.
Depreciation			21,295	14,044
Operating	lease rentals	—plant and machinery	5,970	7,287
Trustees'	remuneration		Nil	Nil
Trustees'	reimbursed expenses		Nil	Nil
Auditors'	remuneration:
	~ Statutory audit		12,750	9,800
	~ Other services		Nil	Nil

Staff costs were	as follows:
		2021	2020
Salaries and wages		517,368	451,743
Social security costs		39,918	39,020
Pension costs		19,274	19,747
HSF Health Plan		692	667
Total employment	costs	577,252	511,177
Consultants and	secondees	15,976	7,494
		593,228	518,671

The amount	payable	in the year comprises:
			Unrestricted	Restricted	Endowment
			funds	funds	funds	2021 Total
					F
Foundation	grants:
Quartet's grants programme				4,850,849		4,850,849
Special advised
Sub-total				4,850,849		4,850,849
Donor directed grants Lapsed and returned		grants		396,508 (47,534)		396,508 ~47,534
Total grants	payable			5,199,823		5199523
Prior period	comparative:		Unrestricted	Restricted	Endowment	2020 Total
			f.
Foundation	grants:
Quartet's grants programme			232,911	1,485,506		1,718,417
Special advised				945,829		945,829
Sub-total			232,911	2,431,335		2,664,246
Donor directed grants				1,306,143		1,306,143
Grant ofasset
Lapsed and	returned	grants		(40,512)		(40,512)
Total grants	payable		232,911	3,696,966		3,929,877

Tangible fixed assets
		Royal Oak
		House	Fixtures,
	Freehold	fixtures 8	fittings 8
	property	fittings	equipment	Total
	F	F		E
Cost
At 1 April 2020	92,400	157,317	90,181	339,898
Additions in year	65,620	17,116	12,201	94,937
At 31 March 2021	158,020	174,433	102,382	434,835
Accumulated Depreciation
At 1 April 2020	9,240	137,089	82,614	228,943
Charge for the year	3,051	12,374	5,870	21,295
At 31 March 2021	12,291	149,463	88,484	250,238
Net book value
At 31 March 2021	145729	24959	13898	184597
At 31 March 2020	83,160	20,228	7,567	110,955

			2021	2020
Market value at 1 April		2020	837,620	824,600
Transfers			(65,620)
Unrealised	investment	gain I(loss)	(20,000)	13,020
Market value at 31 March 2021			752,000	837,620
Cost at 31	March 2021		847,691	847,691

14.	Other investments
						2021	2020
						F
	Quoted investments:
	Market value at 1 April 2020					31,160,084	30,924,500
	Acquisitions at cost					20,127,897	16,141,774
	Gift ofshares					24,939	332,628
	Disposals proceeds					(5,527,509)	(13,748,202)
	Cash movements					51,751	(764,289)
	Net gainl(loss) in the year					9,050,796	(1,726,327)
	Market value at 31 March			2021		54,887,958	31,160,084
	Cost at 31 March	2021				46,131,763	30,208,990
	Analysis by geographical			sector:
	Investment assets	in the UK				20,178,826	15,472,468
	Investment assets	outside the UK				34,709,132	15,687,616
						54,887,958	31,160,084
15.	Debtors
						2021	2020
						f.	E
	Gift aid receivable					12,659	278,690
	Other debtors and	prepayments				742,078	645,305
						754,737	923,995
16.	Creditors: amounts		falling within		1year
						2021	2020
							E
	Trade creditors					30,155	22,213
	Taxation and social security					13,571	12,725
	Other creditors					62,104	57,880
	Accruals and deferred		income			107,899	65,199
	Grants payable					765,735	373,397
						979,464	531,414

For	the ear	ended 31 March 2021
17.	Deferred	income
				2021	2020
	At 1 April	2020		19,816	19,985
	Deferred	during the year		17,795	19,816
	Released	during the year		(19,816)	(19,985)
	At 31 March 2021			17,795	19,816
	Deferred	income relates to Royal Oak House rent demanded	in advance.

Analysis of	net	assets bet	ween funds
					Permanent	Expendable
			Unrestricted	Restricted	endowment	endowment
			funds	funds	funds	funds	Total funds
					F	E	F
Fixed assets			41,919		142,678		184,597
Investments	- property		68,112		683,888		752,000
Investments	-other				6,534,780	48,353,178	54,887,958
Debtors			140,501	4,216		610,020	754,737
Cash at bank	and	in hand	962,838	5,425,370		287,555	6,675,763
Creditors			(213,730)	(765,734)			(979,464)
Net assets at 31		March
2021			999,640	4,663,852	7,361,346	49,250,753	62,275,591
					Permanent	Expendable
			Unrestricted	Restricted	endowment	endowment
Prior year comparatives			funds	funds	funds	funds	Total funds
			E		E		F
Fixed assets			25,947		85,008		110,955
Investments	-property		76,062		761,558		837,620
Investments	-other				5,448,237	25,711,847	31,160,084
Debtors			92,121	134,329		697,545	923,995
Cash at bank	and	in hand	1,304,226	2,980,321		6,011,872	10,296,419
Creditors			(188,934)	(342,480)			(531,414)
Net assets at 31		March
2020			1,309,422	2,772,170	6,294,803	32,421,264	42,797,659

Connected organisation	Connected organisation	Grant awarded	Connected trustee	Position held
Amos Vale Cemetery		62,014	Julian Telling	Wife is a
				trustee
Creative Youth Network		4,952	Raj Kakar-Clayton	Trustee
Grateful Society		3,000	Julian Telling	Trustee
Society of Merchant	Venturers	2,000	Jonathon Baker	Member
The Park Community	Centre Ltd	6,100	Jonathon Baker	Director/Truste
YMCA Brunel Group		5,054	Ben Silvey	Senior

Reconcili	ation ofne	t movement	in funds to net cash flo	w from operating activities
				2021	2020
				E	E
Net movement in funds				19,477,932	6,927,002
Adjustments for:
Depreciation charges				21,295	14,044
Gift ofshares				(24,939)	(332,628)
Gains on	investments			(9,030,796)	1,713,307
Dividends,	interest and rents from		investments	(217,130)	(150,850)
Decrease	/ (increase)	in debtors		169,258	498,283
Decrease	/ (increase)	in creditors		448,050	(45,780)
Net cash	generated	by operating	activities	10,843,670	8,623,378

Endowment funds
						(Losses) I	Transfers
				At 1 April	Net movement in	gains on	between	At 31 March
				2020	funds	investments	funds	2021
				E	F	F	F.
Permanent endowment
Unrestricted endowment		funds
Discretionary (a)				956,837	4,128	184,618		1,145,583
Restricted endowment	funds
Field ofinterest (b)				1,469,669	(3,810)	283,099		1,748,958
Donor directed (c)				1,456,306	20,753	284,026		1,761,085
Foundation (d)				1,565,425	14,734	298,995		1,879,154
Total permanent endowment				5,448,237	35,805	1,050,738		6,534780
Expendable endowment		funds
Unrestricted endowment		funds
Discretionary (e)				1,056,823	63,365	204,916	(114,969)	1,210,135
Restricted endowment	funds
Field ofinterest (f)				15,543,427	9,268,680	3,550,732	585,550	28,948,389
Donor directed (g)				5,289,610	122,878	1,007,528	6,600	6,426,616
Grassroots Endowment
Challenge (h)				3,193,719	13,650	649,179	7,000	3,863,548
Community First Programme			(i)	5,665,518		1,139,021		6,804,539
Foundation (j)				1,172,167	(3,074)	228,433		1,397,526
Royal Oak House (k)				846,566		(20,000)		826,566
Legacy Provision				500,000	600,000		(500,000)	600,000
Total expendable endowment
funds				33,267,830	10,065,499	6,759,809	(15,819)	50,077,319
7otsf endowment funds				38716067	10101304	7810547	~15816	56 612058

Expendable e	ndowment
					2021	2020
	Number	offunds	Purpose offund			F
(e) Discretionary		19	Discretionary grant-making		1,210,135	1,056,823
(f) Field ofinterest		8	Education and training		1,811,343	997,753
		1	Safer community environments		54,945	46,173
		8	North Somerset		8,917,293	4,527,724
		11	Bath 8 North East Somerset		542,428	437,070
		3	Elderly people		997,038	839,292
		23	Young people		3,050,189	2,557,925
		33	Other field ofinterest		13,575,153	6,137,490
(f) Field ofinterest		82			28,948,389	15,543,427
(g) Donor directed		26	Donor directed		6,426,616	5,289,610
(h) Grassroots	Challenge	51	Small/local voluntary	groups	3,863,548	3,193,719
(i) Community Programme	First	71	Small/local voluntary	groups	6,804,539	5,665,518
(j) Foundation			Quartet staffing 5 support costs		1,397,526	1,172,167
			Donor directed and Quartet
(k) Royal Oak	House		staffing 8 support costs		846,566	846,566
(I) Legacy Provision			RW Barnes			500,000
			Buston Legacy		600,000

			Unrestricted	Restricted	Total
			F	E	F
Balance at 1 April 2020			1,309,422	2,772,170	4,081,592
Net movement in funds			513,426	(187,595)	325,831
Realised and unrealised	investment	gains	17,836	1,222,413	1,240,249
Transfers			(841,044)	856,863	15,819
Balance at 31 March 2021			999,640	4,663,851	5,663,491

								Gains /	Transfers	At 31
						At 1 April	Net movement in	losses on	between	March
						2020	funds	investments	funds	2021
									F	F.
Unrestricted income funds
Staffing and support		costs				807,954	518,943	17,836	(345,093)	999,640
Designed Quartet	funds					90,411	(5,517)		(84,894)
Discretionary (a)						411,057			(411,057)
Total unrestricted		income funds				1,309,422	513,426	17,836	(841,044)	999,640
								Gains /	Transfers	At 31
						A«April	Net movement in	losses on	between	March
						2020	funds	investments	funds	2021
							F			E
Restricted income		funds
Discretionary (a)							(216,854)	71,896	881,804	736,846
Donor directed (b)						574,856	541,717	138,283	(171,293)	1,083,563
Field ofinterest (c)						1,572,410	(424,618)	853,227	176,107	2,177,126
Foundation (j)							(68,677)	68,677
Grassroots Endowment			(h)			79,075	11,380	90,330	(8,989)	171,796
Community First	Programme				(i)	513,219	(31,427)		(20,766)	461,027
Royal Oak House	maintenance					32,610	884			33,494
Total restricted	revenue			funds		2,772,170	(187,595)	1,222,413	856,863	4,663,851
Total revenue funds						4,081,592	325,831	1,240,249	15,819	5,663,491

Revenue funds (co	Revenue funds (co	ntinued)
(c) Field of interest		38	Young people		407,333	280,148
		19	Education		70,678	34,944
		20	Bristol		919,125	926,377
		10	North Somerset		92,060	51,885
		3	Sport		13233	5,109
		7	Poverty/homelessness		111,827	30,169
		12	Bath 8 North East Somerset		21,729	6,692
		15	Environment		47,992	74,520
		4	Disability		32,963	4,345
		9	Elderly people		104,298	18,397
		31	Other field ofinterest		355,887	139,824
(c) Field of interest		168			2,177,125	1,572,410
(h) Grassroots Endowment Challenge			Small 8 local voluntary	groups	171,796	79,075
					2021	2020
		Number offunds	Purpose offund
(i) Community Programme	First	19	Small 8 local voluntary	groups	461,027	513,219

The total number and value ofgrants payable,	an	alys	ed	by grant beneficiary,	is as follows:
					2021	2020
Payable to institutions			Number		f
Disadvantaged communities			70		411,476	951,459
Children and young people			272		1,217,631	1,178,428
Families			56		249,106	194,581
People with disabilities / health difficulties			148		791,200	558,073
People in poverty / on low incomes			102		605,169	418,741
Minority communities			78		566,951	502,696
Older people			82		367,665	114,937
Other				1	7,650	10,982
Community			127		982,975
			936		5,199,823	3,929,877
The largest grants (F5,000 or more) paid during the year				are listed below:
Name						Amountf
1625(8 grants totalling)						F28,073
A Place of Possibility (3grants totalling)						F9,651
Access Sport (3grants totalling)						E16,000
Addiction Recovery Agency						F5,000
Age UK Bath 8 North East Somerset (2 grants totalling)						F.5,500
Age UK Bristol (4grants totalling)						E34,298
Age UK Somerset						F15,000
Age UK South Gloucestershire (2 grants totalling)						F14,936
Aid Box Community						F10,000
Alabare Christian Care and Support						E5,000
Alive Activities (5grants totalling)						F28,898
All-Aboard Watersports (3grants totalling)						F20,188
Ambiltion Lawrence Weston (3grants totalling)						F12,500
APE Project CIC (7grants totalling)						832,000
Ardagh Communityh Trust (4grants totalling)						F27,021
Amos Vale Cemetery Trust (2 grants totalling)						262,014
Ashcombe Friends Association						F20,000
Ashley Community Housing (2 grants totalling)						F11,550
Aspiration Creation Elevation CIC Autism Independence						E5,000 f39,700
Avon Wiidlife Trust (3grants totalling)						F34,690
Avonmouth Community Centre Association (3grants			totalling)			F56,874
Babassa (3grants totalling)						F25,500
BAND Bristol Association for Neighbourhood	Daycare					F5,000
Bath 8 District Citizens Advice Bureau (3grants totalling)						F49,174
Bath 8 District Samaritans						F10,000
Bath Area Play Project (2 grants totalling) Bath City Farm (4grants totalling)						E14,834 f25,758
Bath Ethnic Minority Senior Citizens' Association		(2 grants totalling)				F13,800

Name
Bath Mind (4 grants totalling) Bath Rugby Community Foundation (2 grants totalling)	f26,330 f30,000
Bath Share &Repair (2 grants totalling)	F5,351
Bath Youth for Christ (One Eighty) (3grants totalling)	212,130
Bathampton Community Co-operative Ltd (Dry Arch Growers) Bibic Black Families Education Support Group Black South West Netwrok (9grants totalling)	j5,000 f5,000 f9,956 f85,040
Black*Artists on the Move (3grants totalling)	211,060
Black2Nature (2 grants totalling) Bluebell Care Trust (2 grants totalling)	F7,500 f23,784
Borderlands	F5,000
Bournemouth Citizens Advice Bureau	F24,600
Bowel Cancer UK	f10,000
Brain Tumour Support (4 grants totalling)	F10,472
Brave Bold Drama CIC	F5,000
Brentry & Henbury Children's Centre Ltd (4 grants totalling)	212,340
Bridge Foundation (3grants totalling)	F22,500
Bridges for Communities (3grants totalling)	F16,880
Brigstowe Project (2 grants totalling)	E9,420
Bristol &Avon Chinese Women's Group (2 grants totalling)	F8,000
Bristol & District Tranquilliser Project (2 grants totalling)	F5,250
Bristol 24/7	E5,000
Bristol and Bath Parks Foundation (2 grants totalling)	E5,580
Bristol Autism Support (3grants totalling) Bristol Bike Project	f13,716 f5,000
Bristol Children's Help Society (4grants totalling)	E5,750
Bristol Citizens Advice Bureau (2 grants totalling) Bristol Horn Youth Concern (BHYC) (2grants totalling)	F18,700 f13,688
Bristol Hospitality Network	F10,000
Bristol Law Centre (4 grants totalling)	618,684
Bristol Mind (3grants totalling)	F13,000
Bristol North West Foodbank (2 grants totalling)	F6,500
Bristol Older People's Forum	F5,000
Bristol Refugee Rights (2 grants totalling)	E5,881
Bristol Somali Resource Centre (2 grants totalling)	F12,850
Bristol Women's Voice BS3Community Development	F8,000 f5,000
Care Forum (2 grants totalling)	612,650
Carers Support Centre (3grants totalling)	F15,934
Caring in Bristol (8grants totalling)	F102,964
Centre for Sustainable Energy (4grants totalling)	F32,495
Changes Bristol (2 grants totalling)	F11,794
Changing Faces Changing Tunes (2 grants totalling) CHAS Bristol - Churches Housing Aid Society (2 grants totalling)	E5,000 f5,500 f15,996
Children's Scrapstore (3grants totalling)	E6,800
Chdistchurch Clevedon (2grants totalling)	F5,000
Churchill 8 Langford Minibus Society	610,000

Grants payable (continued)
					Amount
Name					E
Cintre (4 grants totalling)					F6,717
Citizens Advice Bridport and District					F6,600
Citizens Advice Central Dorset					E9,000
Citizens Advice Mendip					E6,300
Citizens Advice Sedgemoor					E9,000
Citizens Advice South Somerset					F17,400
Citizens Advice West Somerset					F5,400
Citizens Advice Wiltshire					231,800
Clevedon Aid (2 grants totalling)					E7,500
Clevedon Community School					F20,000
Clevedon Men's Shed					F10,000
Clevedon YMCA (8grants totalling)					233,355
Coexist Community Kitchen CIC					F8,800
Community Foundation for Northern		Ireland (2		grants totalling)	F58,600
Courtney Primary School Parent Teacher Association					F5,000
Create Together CIC (2 grants totalling)					f.11,856
Creativity Works (nesa)					f5,000
Crisis Centre Ministries (7 grants totalling)					822,000
CVS South Gloucestershire					F16,848
DigiLocal CIO (3grants totalling)					625,190
Dorset Wildlife Trust					220,000
Easton &Lawrence Hill Neighbourhood			Management		F15,372
Easton Christian Family Centre					E5,000
Easton Cowboys and Cowgirls Sports and Social Club					F5,000
Eastside Communty Trust (4 grants	totalling)				f23,509
Ecowild Empowered Lives					F9,825 f5,000
Escapeline					f12,510
Fareshare South West (5grants totalling)					F62,500
Farmlink					F5,000
Feed the Homeless Bristol					E5,000
Feeding Bristol (4grants totalling)					K73,667
First Steps (Bath) (4 grants totalling)					f10,297
Focus Counselling (2 grants totalling)					E7,292
Free Your Instinct					E39,100
Friends ofGrove Park					F8,260
Friends of Hannah More Primary School (3grantst totalling)					F10,352
Full Circle (4grants totalling)					273,138
Genesis Trust Grassroot Communities (2grants totalling)					E5,000 f40,474
Great Western Air Ambulance Charity		(2 grants		totalling)	F21,200
Green Community Travel					E5,000
Groundwork South Trust (5grants totalling) Grow Batheaston					F43,054 f5,000
Gympanzees (3grants totalling)					220,000
Hampshire & Isle ofWight Community			Foundation		F5,560
Harbour					F5,000
Hartcliffe &Withywood Community	Partnership			(3grants totalling)	F90,360
Heart ofBS13(3grants totalling)					F23,250

Grants payable (continued)
			Amount
Name			E
Help Bristol's Homeless Charity (2 grants		totalling)	F9,886
Henbury & Brentry Community Council			F5,000
Hillfields Family and Communty Trust (3grants totalling)			F60,604
Home for Good (2 grants totalling)			F6,150
Ignite Life (4grants totalling)			F16,000
Incredible Kids (3grants totalling)			F7,300
InHope (2 grantst totalling)			F24,535
Inns Court Community Centre (The	Mede) (2 grants totalling)		F11,200
Interculture (2grants totalling)			F14,960
Jacari Bristol			F10,000
Jack Hazeldine Foundation			F9,190
Jessie May Trust (2 grants totalling)			F15,000
Jigsaw Thornbury CIC (3grants totalling)			F19,496
Julian House (2 grants totalling)			F9,827
Julian Trust (2 grants totalling)			F5,350
Key4Life			F5,000
Keynsham Foodbank (2 grants totalling)			F10,000
Kids (3grants totalling)			F8,590
Kinergy			F5,000
Kinsgmeadow Community Flat			K5,000
Knowle West Alliance			F5,866
Knowle West Health Association			F5,000
Knowle West Health Park (2 grants	totalling)		F6,430
Knowle West Media Centre			F28,116
Learning Partnership West CIC (8grants		totalling)	281,036
Life Cycle UK (4 grants totalling)			F18,300
Life Project (Bath) (2 grants totalling)			f13,196
Lifeskills (2 grants totalling)			F10,733
Lightyear Foundation			F5,000
Lockleaze Neighbourhood Trust			E29,000
Lockleaze Sports Centre (2grants totalling)			F10,000
London Community Foundation (3grants		totalling)	F62,076
Lovewell (2 grants totalling) Lyde Green Community Association			F24,697 f5,000
Malcolm XCommunity Centre			F25,000
Many Minds (2grants totalling)			F12,730
Marmalade Trust			F39,950
Meadow Vale Community Association			F5,000
Mentoring Plus (2 grants totalling)			F15,000
Milestones Trust (7grants totalling)			213,087
Mind Your Music			F20,000
Misfits Theatre Company (5 grants totalling)			F13,033
Missing Link (2 grants totalling)			F20,500
Money Advice Trust			F10,000
Mothers for Mothers (4grants totalling)			F14,000
Multicultural Friendship Association	(2 grants totalling)		F8,000
Nailsea & District Community Transport		(2grants totalling)	E9,700
Nailsea Community Group CIC			F10,000
Nailsea Town Council NAOS (3grants totalling)			F5,000 f50,000

Grants payable (continued)
		Amount
Name		E
National Food Service Bristol CIC (3grants totalling)		33,695
Network Counselling and Training (2 grants totalling)		14,914
North Bristol Advice Centre (3grants totalling)		13,700
North Somerset Citizens Advice Bureau (4 grants totalling)		26,515
North Somerset Council (3grants totalling)		15,000
North Somerset Parent Carers Working Together (NSPCWT) (2 grants totalling)		32,200
Nova Sports and Coaching (2 grants totalling)		7,713
Oasis Community Hub North Bristol (2 grants totalling)		15,555
Oasis Hub Bath (5grants totalling)		19,292
Oasis-Talking Therapies (2 grants totalling)		10,000
Offthe Record BANES (2 grants totalling)		9,300
Offthe Record Bristol (5grants totalling)		24,214
Oldbury Court Out ofSchool Clubs Partnership		5,000
One 25 (4 grants totalling)		37,750
Osprey Outdoors Community Interest Company (5grants	totalling)	25,777
Our Way Our Say (2 grants totalling)		8,600
Park Centre (Kingswood)		8,800
Paul's Place (2 grants totalling)		10,500
PCC Christ Church Downend		5,000
Penny Brohn Cancer Care (4 grants totalling)		21,100
Portishead Youth Centre		5,000
Project Mama (3grants totalling)		24,600
Purbeck Citizens Advice		5,400
Rainbow Centre		10,000
Real Photography		5,000
Redcatch Community Garden		8,100
Redmaids' High School		7,537
RICE; Research Institute for the Care of Elderly People		5,000
Room 13Hareclive (4 grants totalling)		7,000
Royal West of England Academy (2grants totalling)		6,000
Sea Mills Primary School PTFA		5,000
Second Step Housing Association (4grants totalling)		34,120
Self Injury Support		39,678
Sims Hill Shared Harvest (2 grants totalling)		6,495
Social Mobility Business Partnership (2 grants totalling)		22,500
Somerset and Avon Rape &Sexual Abuse Support		5,000
South Bristol Advice Services (3grants totalling)		14,371
South Bristol Consortium for Young People Ltd (4 grants totalling)		6,250
South Weston Activity Network (SWAN) (2 grants totalling)		9,500
Southern Brooks Community Partnership (3grants totalling)		32,000
Southmead Development Trust (5grants totalling)		16,700
Southmead Project (2grants totalling)		5,384
Southside Family Project (3grants totalling)		32,121
Spike Print Studio		5,000
Sporting Family Change (4 grants totalling)		24,164
Springboard Opportunity Group (2grants totalling)		15,000
Square Food Foundation (2 grants totalling)		9,839
SSAFA Weston (2 grants totalling)		6,000
St Bernadette Breakfast & Out ofSchool Club		5,000
StJoseph's RC Primary School		6,000
St Mungo's (3grants totalling)		9,000
St Pauls Advice Centre Association (2grants totalling)		5,700
StWerburghs City Farm		5,000
StWerburghs Community Association (2 grants totalling)		9,000
Step Together Volunteering (2 grants totalling)		14,790
Stepchange		17,553

Grants payable (continued)
						Amount
Name
Stepping Out Theatre						9,990
Studio Meraki						5,000
Sudanese Commujnity Association	of Bristol					5,000
Swallow (3grants totalling)						13,006
Talking Money (2 grants totalling)						18,500
The Albert Kennedy Trust (akt)						5,000
The Bath and North East Somerset	Third Sector	Group	CIO	(3SG)(2 grants totalling)		8,450
The Bristol Asperger Social Group						5,000
The Community Farm (2 grants totalling)						12,460
The Community Shop						5,000
The Haven (2 grants totalling)						10,000
The Hive Avon Ltd						9,319
The Junction Project						5,000
The Nelson Trust						5,000
The Park Community Centre Ltd (2	grants totalling)					6,100
The Pride of Bristol Trust						5,000
The Restore Trust						5,000
The School Kit Project (SKIP)						5,000
The Stable Cafe (4 grants totalling)						20,000
The Strawberry Line Cafe Project CIC (3grants		totalling)				30,100
Theatre Orchard Project (3grants totalling)						16,500
Thornbury Media Community Interest Company		(Thornbury		Radio Gloss FM)		5,000
Time Bank Plus (2 grants totalling)						14,635
Trauma Recovery Centre (3grants	totalling)					14,985
Trinity Community Arts Ltd						10,000
Ujima Radio (2 grants totalling)						10,000
Unique Voice (6grants totalling)						20,038
VANS - Wellbeing Collective						20,000
Vine Counselling and Pastoral Services (2 grants totalling)						10,000
Vision North Somerset						19,683
Voluntary Action North Somerset (4 grants totalling)						22,850
Warmley Rangers FC						5,000
We are Aware						6,700
We Care & Repair						32,000
WECIL						11,660
Wellspring Counselling (2 grants totalling)						25,000
Wellspring Settlement (2 grants totalling)						6,769
Wessex Rivers Trust						15,000
Westcountry Savings and Loans (Weston-super-Mare			& District Credit Union		Ltd	5,000
Weston-super-Mare Town Council						6,365
Wiltshire Wildlife Trust						20,000
Windmill Hill City Farm (2 grants totalling)						20,000
Womankind (3grants totalling)						41,980
Womens Work Lab						5,000
Working Young						19,630
XTND - Improving Futures (2grants	totalling)					40,000
Yatton Youth Club (3grants totalling)						5,999
Young Bristol (15grants totalling)						79,270
Youth Connect South West (2 grants totalling)						9,726
Youth Moves (3grants totalling)						6,898
Zion Bristol (2grants totalling)						23,670
TOTAL						4 696388

Financial	instruments
							2021	2020
								f
Financial	assets that are debt		instruments	measured	at amortised	cost
comprise	the following:
Gift aid receivable							12,659	278,690
Other debtors and prepayments							742,078	645,305
Total							754,737	923,995
Financial	liabilities measured		at amortised	cost comprise the following:
Trade creditors							30,155	22,213
Taxation	and social security						13,571	12,725
Other creditors							62,104	57,880
Accruals	and deferred	income					107,899	65,199
Grants payable							765,735	373,397
							979,464	531,414