2022-03-31-accounts - Bedfordshire And Luton Community Foundation

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				Page
Reference and Administrative			Information	3-4
Chair and CEO's Report
Trustees Report
Structure, Governance	and	Management		6-7
Objectives for Public Benefit				8-11
Achievements 2021-2022
Financial Review				12
Investment Policy				13
Risk Management				14-15
Affiliations				15
Future Plans				16
Statement ofDirectors'	Responsibilities			17
Report ofthe Independent		Auditor		18-21
Statement of Financial	Activities			22
Balance Sheet				23
Statement ofCash Flows				24
Notes to the Accounts				25-40

Potential Risk			Mitigating Actions
Loss of major flow			Creation of5-year Fund Development Plan 2021-25 to secure income to cover
through funding Streams			core costs with mixed income model
-leading to inability		to	Ongoing review ofendowments growth working with UKCF/ Charities
cover our operating		costs	Commission/ DCME support to grow core financial support
			New Comms strategy to promote our work and impact to new funders	and
			endowment opportunities
			Good relationship with LLAL/LLAOL in place to secure next tender process		from
			CIF funding
			Close working with UKCF to maximise opportunities to access national	funding
			programme
			Networked team ofsenior staff and CEO to ensure opportunities are developed
Disproportionate	impact		Current 3years LLAL contract with option to extend for max 2years at	current
of LLAL funding —on			funding ifrequired by LLAL
operational costs leading			Successful reporting and flexibility of programme during COVID has confirmed
to unstable funding			confidence in BLCF by LLAL
picture			Financia modelling for BLCFto be done to build stronger resilience and	manage
			impact if I.LAI. is lost
Loss of reputation		as a	Effective governance and review ofsystems and policies by Governance
trusted Grant Maker—			Committee.
causes funders to	leave		Follow up all complaints within 5days in line with complaints procedure.
us and applications		to	Respond within an agreed time period to queries from donors/applicants		etc
reduce			Highly trained staff and trustees making assessments and decisions on	Grants
			Independent grant panels membership which is diverse and reflect whole
			county
Lack ofawareness		ofthe	Improved relationship with LA's and funding partners to see us as 'go to'
work of BI.CF —leading to			organisation for grant making
lack ofinvestments			Proactively raise profile and credibility via social media and new website
			changes
			'l4

				2022
		Notes	Expendable	Restricted	Unrestricted	Total	yearended
			Endowment	E	E	E	2021
			E				E
							Note 2
Income and endowments
from:
Donations and legacies				2,707	767	3,474	4,390
Charitable activities				5,491,867	312,783	5,804,650	5,334,487
Investments			41,555		197	41,752	42,945
Other					20,964	20,964	22,525
Totalincome			41,555	5,494,574	E347FF	5870840	54D4%47
Expenditure on:
Raising funds			6,503		141,452	147,955	99,996
Charitable activities				5,182,175	162,400	5,344,575	5,013,861
Total expenditure			6,503	5,182,175	303x852	sp492p530	sp113p857
Net income / before gains on
investments			35,052	312399	30,859	378,310	290,490
Net gains on investments			82,763			82,763	338,638
Net income			117,815	312,399	30,859	461,073	629,128
Transfers between	funds		(70,220)	30,358	39,862
Net movement in funds			47,595	342,757	70,721	461,073	629,128
Reconciliation offunds:
Total funds brought	forward
at 1April 2021			1,661,610	1,523,864	220,315	3,405,789	2,776,661
Total funds carried	forward		1,709,205	1,866,621	291,036	3,866,862	3,405,789
at 31March 2022

					Total	Total
					2022	2021
					6	6
Cash flows from operating		activities:
Donations and legacies					3,474	4,390
Charitable activities —grants received					6,076,958	5,365,651
Other income					19,354	24,749
Awards and grant return	payments				(4,343,864)	(4,668,957)
Salary related expenditure					(84,350)	(194,778)
Other expenditure					(215,319)	(69,037)
Net cash provided by operating activities					1,456,253	462,018
Cash flows from investing		activities:
Investment withdrawals					29,429	14,474
Dividends and interest from investments					28,803	28,237
Bank deposit interest					197	645
Net cash provided by Investing activities					58,429	43,356
Change in cash and cash	equivalents		in the	reporting	1,514,682	505,374
period
Cash and cash equivalents		at the beginning		ofthe	2,357,769	1,852,395
reporting period
Cash and cash equivalents		at the end	ofthe reporting		3,872,451	2,357,769
period

for the year en	ded	31"March	2021
					2021
			Notes	Expendable	Restricted	Unrestricted	Total
				Endowment	f	E	E
				E
Income and endowments		from:
Donations and legacies					2,795	1,595	4,390
Charitable activities					5,056,023	278,464	5,334,487
Investments				42,300		645	42,945
Other						22,525	22,525
Total income				42,300	5,058,818	303,229	5,404,347
Expenditure on:
Raising funds				5,536		94,460	99,996
Charitable activities					4,832,081	181,780	5,013,861
Total expenditure				5,536	4,832,081	276,240	5,113,857
Net income before	gains	on
investments				36,764	226,737	26,989	290,490
Net gains on investments				338,638			338,638
Net income				375,402	226,737	26,989	629,128
Transfers between	funds			(50,116)	32,114	18,002
Net movement in funds				325,286	258,851	44,991	629,128
Reconciliation offunds:
Total funds brought	forward
at 1April 2020				1,336,324	1,265,013	175,324	2,776,661
Total funds carried	forward
at 31March 2021				1,661,610	1,523,864	220,315	3,405,789

Notes to the financial stateme	nts	for th	e e	ar endi 3	1"March 2022	continued
3.Incoming resources							2022 E	2021 f
Donations and legacies
Other donations, legacies and fund-raising			activities				3,474	4,390
Total donations and legacies							3,474	4,390
Charitable activities
Income from other grant making	and charitable			bodies		5,804,650		5,334,487
Investment income
Distributions from COIF Investment		Fund					28.803	28,237
Income from listed securities							12,752	14,063
Bank deposit interest							197	645
Total investment income							41,752	42,945
Other income
Fees for management and other	services						20,964	22,525
TOTAL INCOMING RESOURCES						5,870,840		5,404,347
4.Analysis oftotal resources	expended
							2022	2021
			Endowment		Restricted	Unrestricted	Total	Total
				f	E	E	E	E
Charitable activities
Awards paid (see note 12)					2,928,214		2,928,214	3,410,474
Awards payable					2,241,512		2,241,512	1,403,202
Awards returned					(4,695)		(4,695)
Unspent grant funding returned					7,496		7,496	10,500
External Audit						5,000	5,000	4,195
Staff costs (see note 5)						157,400	157,400	171,633
Other					9,648		9,648	13,857
					5,182,175	162,400	5,344,575	5,013,861
Raising funds
Fundraising costs						12,147	12,147	1712
Subscriptions						3,774	3,774	4,374
Staff costs (see note 5)						57,830	57,830	16,467
Consultancy						34,573	34,573	27,570
Office rent and insurance						13,235	13,235	8,308
Other office costs						14,313	14,313	13,966
Website, internet and telephone						1,049	1,049	2,710
Training and conferences						626	626	364
Legal and professional fees						2,104	2,104	16,555
Investment manager's fees				6,503			6,503	5,536
Travel and subsistence						1,801	1,801	2,434
				6,503		141,452	147,955	99,996
Total resources expended				6,503	5,182,175	303,852	5,492,530	5,113,857

		2022	2021
		E	E
Salaries		192,574	169,587
Social security costs		14,052	10,989
Pension contributions		8,604	7,524
		215,230	188,100
Allocated:
Charitable	activities	157,400	171,633
Raising funds		57,830	16,467
		215,230	188,100

.Fixed Asset I	nvestments
						Communities	Totalfunds
					Rathbones	First
Investments held to provide		investment		return	E	E
Market Value at	1"April 2021				730,524	972,474	1,702,998
Reinvested Income					12,752		12,752
Management fees					(6,503)		(6,503)
Withdrawn					(29,429)		(29,429)
Revaluation					5,060	77,703	82,763
Market Value at	31"March	2022			712,404	1,050,177	1,762,581
Historical cost at 31"March		2022			579,833	597,949	1,177,782
						2022	2021
						E	E
Listed securities	—COIF Investment		Fund			1,050,177	972,474
Listed securities	—Rathbones					687,386	720,269
Cash held within	investment	portfolio				25,018	10,255
Total market value						1,762,581	1,702,998

7.Creditors: amounts falling due within one year	7.Creditors: amounts falling due within one year	7.Creditors: amounts falling due within one year
			2021	2021
			E	E
Taxes and social		security	16,183	17,914
Accruals	and other creditors		13,680	9,280
Awards	payable		2,241,512	1,403,202
Income	received	in advance	293,044	182,735
			2,564,419	1,613,131

8.Analysis ofnet assets between funds
	Endowment	Restricted	Unrestricted	Total funds
	funds	funds	funds	E
	E	E	E
Fixed assets	1,709,205	53,376		1,762,581
Current assets		4,167,257	501,443	4,668,700
Current liabilities		(2,354,012)	(210,407)	(2,564,419)
Net assets at 31"March 2022	1,709,205	1,866,621	291,036	3,866,862

. Fund Ac	counting
						Balance at					Balance at
						1n April					31"March
						2021	Income	Expenditure	Transfers	Revaluation	2022
						E	E	E	f.
Unrestricted
General Fund —Grant		making				19,311			11,504		30,815
	Good	Exchange				734					734
	Big Give		2021						6,838		6,838
	Core costs					200,270	334,711	(303,852)	21,520		252,649
						220,315	334,711	(303,852)	39,862		291,036
Restricted
High Sheriff	Awards					6,950					6,950
High Sheriff	Golf day					7,250		(7,250)
Comic Relief						4,582					4,582
Winter Hardship Fund						18,965	686		(1,650)		18,001
F RCawley						1,090			175		1,266
London Luton Airport		Operations				82,362	164,400	(230,495)			16,267
Grassroots Grants Beds and Luton						17,483			6,600		24,083
Panacea Society						3,550			(3,5S0)
VitalSigns						1,060					1,060
Woburn 1998Charitable			Trust			11,018			4,376		15,394
Jane Cart's Trust						76,448		(23,600)	22,924		75,772
Jane Cart's Trust Covid 19						4,000			(4,000)
Arts Council	Jubilee Fund						59,395	(47,984)			11,411
Whitbread Pic						26,308	40,000	(20,800)			45,508
Bedford Volunteering						584			(584)
Cordova						9,518			1,610		11,128
G Farr						566			(515)		51
¹iwig						51,885					51,885
Advocacy Alliance						2,138			(2,138)
Luton Rising	Community		Investment
Fund						9,177	2,894,764	(2,857,908)	(36,749)		9,284
Luton Rising	Youth Fund					137,831	290,236	(201,450)	36,749		263,366
Luton Rising	Small Grants			Fund
						670,385	200,000	(243,809)	(100,000)		526,576
Luton Rising	NN Fund					33,670	25,000	(20,573)			38,097
London Luton Airport		Area		Fund		80					80
LuDun						70,996			10,447		81,443
Anglia Water Supplies							27,072	(27,072)
Made BySport						43,024	25,000	(67,986)	(38)
Mark West Memorial/		Evolve				51,513	2,021	(1,648)			51,886
Bedfordshire	Coronavirus			Emergency
Fund						76,538		(24,764)	(51,774)
Community	Recovery	Fund					1,350,000	(1,054,617)			295,383
Luton Citizens Fund							332,700	(210,703)			121,997
Bedfordshire	Stability	Fund				96,043	83,300	(133,516)	148,475		194,301
Race Equality Sector Mapping					Fund	8,000		(8,000)
Other donor	advised					850					850
						1,523,864	5,494,574	(5,182,175)	30,358		1,866,621

Notes to the financial statements fo 9. Fund Accounting (continued)	Notes to the financial statements fo 9. Fund Accounting (continued)	r the ear endin	31u March	2022 continue	d
Endowed funds
Whitbread	1998Endowment	122,053	2,240	(1,142)	(12,725)	889	111,315
Grassroots	Beds and Luton Endowment	70,026	1,285	(655)	(7,300)	510	63,866
Wobura 1986Grassroots Endowment		46,431	852	(435)	(4,841)	338	42,345
Grassroots	Jane Carts Trust	456,355	8,375	(4,271)	(10,657)	3,323	453,125
Community	First —JrF Cawley	8,854	264		(264)	764	9,618
Community	First-G Farr	2,526	75		(75)	218	2,744
Community	First —Cord ova	81,323	2,423		(2,423)	7,018	88,341
Community	First —Jane Cart's Trust	346,237	10,316		(16,210)	24,152	364,495
Community	First — Lu Dun	527,805	15,725		(15,725)	45 551	573,356
		1,661,610	41,555	(6,503)	(70,220)	82,763	1,709,205
Totalfunds		3,405,789	5.870,840	(5,492,530)		82,763	3,866,862

rrustee/staff	rrustee/staff	Other organisation	Nature ofinterest	Payment
member
Joan Bailey		Luton Mediation	Trustee	E26,358
		Safer Luton Partnershi	Trustee	E84,238
nina Bi	s	Level Trust	Trustee	E46,172
Atti Mal	ik	Luton Food Bank	Trustee	E59,553

Bangladesh Youth League	Bangladesh Youth League	Bangladesh Youth League	Bangladesh Youth League	E5,000.00	Road Victims Trust		E5,000.00
Butterfly project				E4,940.00	Young People's Pup et Theatre		E4,573.00
Chums Charity				E3,000.00			999974.99
Crescent Summer School				f5,994.00
					London Luton Air ort 0 erations	Ltd
Dallow Development	Trust Itd			E9,823.00
Families United Network				E6,000.00	4'" Dunstable Scout Grou		E8,475.00
Film skoal Deluxe				E3,846.00	Aldbury Parish Council		f7,000.00
Keech Hospice Care				E5,000.00	Bipolar UK		E2,924.00
Leagrave Youth				E4,900.00	Bounce Forward		E9,930.00
Lindengate Luton Borough Council -			Your say your	f5,000.00	Carers Trust Bucks and Milton Keynes		E5,000.00
way				f133,000.00	Codicote Football Club		E5,219.00
Luton Choral Society				f4,350.00	Country Days Ltd		E3,000.00
Lutonian Cricket Club				f9,950.00	Dovery Down Lower school		f5,000.00
Luton Irish Forum				f5,000.00	Dunstable 84 District Citizens Advice		f5,000.00
Luton shop mobility				(E262.90)	Friends ofthe Abbe JMI		E10,000.00
Olive Tree Church				f6,000.00	Friends ofSt Luke's School		E5,000.00
Or anisation for Culture			and Character	f3,000.00	Garden House Hospice Care		E5,000.00
Raise Up Foundation				f5,000.00	GRIT Growing Resilience in teens		E11,824.00
Refugee and Migrant	Development			E5,000.00	Herts schools Outreach (UK) CIC		E10,000.00
Revolution Arts				f5,000.00	Ho e Church Luton Trust		f2,500.00
Rising Stars Youth Club				f4,000.00	Irish Network Stevena e		E1,818.00
Shanthona Womens Group				f5,000.00	Khalsa Youth Football Academ		f5,000.00
The Ebonista Pro'ect				E8,019.00	Magpas Air Ambulance		E5,000.00
Warden Hill Cornmunit			Association	E2,450.00	Para Dance UK		f4,000.00
				4949999.19	PoetslN		f4,979.00
					Re —engage		f4,545.00
Luton Risin Near Nei		hbours			Somethin To Look Forward To		f5,000.00
CANter Equine assisted		Learnin		E4,000.00	Sorted Counsellin Services		f4,000.00
Friends ofCollett				f5,000.00	The Counsellin Foundation		E5,000.00
Hemel Hempstead Town			CC	E5,000.00	The Daylight Club		E10,000.00

The Living room				E4,000.00
The Youth Booth				E5,000.00
Trestle Theatre Company				E5,000.00
The Salvation Army	Dunstable		Corps	f5,000.00
UCARE				E3,928.00
Wheatharnpstead	United	Church		E9,900.00
Youth Talk				E6,000.00
				f184 42.00

Bangladesh Youth League		f7,500.00
Boxing saves Lives CIC		E18,465.00
Directional CIC		f35,330.00
Link to Chan e		E19,847.50
Luton Town FCCornmunit	Trust	E15,000.00
Mary Seacole		E18,095.00
One stop advice and Training		E17,360.00
Precious Pearls		E5,814.00
St Giles Trust		E30,000.00
Sto sle Ba tist Church		f23,863.00
The Flavasum Trust		E6,650.00
The Safer Luton Partnership		E26,250.00
TOKKO It'&I		E28,329.00
You Turn Futures		f43,750.00
		f296 253.50

Ark Culture			E1,500.00
Association of Traditional		Shotokan
Karate			E2,000.00
Bedford Blues Foundation			f5,000.00
Bedford Blackhawks Youth			E2,021.00
Beech Hill Scouts			E2,021.00
Biggleswade scout Group			E2,021.00
Central Beds Swim Squad			f2,021.00
Dunstable Swimming Club			E4,000.00
Eggington Foresters Cricket Club			E2,000.00
Fun 4 Young People			E5,000,00
Golden Arrow			E4,042.00
Helping Relief Foundation			E1,832.98
Linslade Crusaders Swimming		Club	E2,000.00
Lutonian Cricket Club			E2,021.00
Luton Sea Cadet Corps			E2,021.00
Luton United FC			E2,021.00
Modernian Swimmin Club			E2021.00
Phoenix Starr Academ			E2021.00
Queens Park Community	Organisation		E2,021.00
The Polish School in Bedford			E2,021.00
Toddington Scout group			E2,021.00
			~E60 89.98

1"Haynes	and Wilstead scout Group	and Wilstead scout Group	E2,821.00
1"Luton Sea Scout Group			E2,021.00
9w Ampthill	and Woburn	Scout Group	E4,021.00

Dunstable &District CAB		E2,450.00
FACES		E1,225.00
Full House Theatre Company		E4,636.00
Home Start Central Bedfordshire		E2,700.00
Level Trust		E2,200.00
Music24 ltd		f3,828.00
Pro'ect 229		f4,795.00
Queen's Park Community	Organisation	E2,200.00
StJohn the Ba tist Church		E4,200.00
Shri Guru Ravidass San at		E5,000.00
Stepping Stones		E2,891.00
The Courtney Foundation		E5,000.00
		E41120.00

Autism Bedfordshire			E30,000.00
Azalea			E30,000.00
Bedford foodbank			(E808.00)
Carers in Bedfordshire			E12,726.00
CHUMS Charity			E30,000.00
Community Action Bedfordshire			f'8,000.00
Diverse FM Community	Media &
Training			E15,000.00
Groundwork East			E16,000.00
Families united Network			E10,000.00
Friends for Life Bedfordshire			E5,000.00
Keech Hos ice Care			f30,000.00
Luton all women's centre			E7,080.00
Luton Carnival Arts Develo		ment	f15,000.00
Luton Roma Trust			f24,245.00
One stop advice and Training
Centre			E20,000.00

The Disabilit	The Disabilit	Resource Centre	Resource Centre	f30,000.00
Youthscape		ltd		f30,000.00
				E212 24~.DO
Whitbread		tOLC
Families	United		Network	f4,000.00
Houghton		Regis	Helpers	E1,000.00
Leighton	Linslade Helpers			E4,800.00
Luton Irish Forum				E5,000.00
				E14000.00

Dunstable &District CAB	E2,200.00
FACES	E2,200.00
Home —Start Central
Bedfordshire	E2,200.00
Level Trust	E2,200.00
Luton Food Bank	(E1,950.00)
Luton Irish Forum	E526.00
Queens Park Community
Or anisation	E2,200.00
	F9576.00

Embrace CVOC		E10,000.00
		E10 ODD.OO
KCF tfiWILL
Bedford Pla ers Trust		f710.00
Ma Seacole Housing Association		E760.00
Queens Park Community	Organisation	E1,000.00
		E2470.00

Hi h Sheriff	olfda
Bedford Open	Door	E1,000.00
Carers in Bedfordshire		E1,000.00
Country Days	Ltd	E850.00
Level trust		E1,500.00
Link to Change		E1,400.00
Ormiston families		f500.00
Steppingstones	(Luton)	E1,000.00
		~E7250.00

Bedford and District	Cerebral
Society		E7,000.00
Carers in Bedfordshire		f5000.00
Cruse Bereavement	Care Bedfordshire	E8,832.00
Justus		E6,240.00
		E27072.00

All saints Academy Dunstable	All saints Academy Dunstable		E8,100.00
Diocese ofSt	Albans Multi Academ	trust	E7,000.00
StAugustine's	Academy Trust		E7,000.00
StAugustine's	church Dunstable		F1,500.00

Autism Bedfordshire	Autism Bedfordshire			f281,133.00
CHUMS				E35,144.00
Community Voluntary			Services	E69,982.00
Early Years Alliance				E247,368.02
Groundwork East				E21,918.00
Headway Luton				E35,144.00
Level Trust				E40,272.00
Luton access IAG				f475,768.00
Luton all Women's		Centre		E104,554.00
Luton Citizens advice				E81,930.46
Luton Council of	Faiths			E51,838.00
Luton Foodbank				E61,503.00
Luton Irish Forum				E6,809.23
Luton Law Centre				E42,173.32
Luton Mediation				E26,358.00
Luton Ri hts				E27,675.99
Mary Seacole				E25,145.00
Mind BLMK				E100,377.00
Noah Enterprise				E81,710.00
Penrose Steps				E29,722.00
Sight Concern Bedfordshire				E114,219.00
Ste in stones	Luton			E149,364.00
Stroke Association				E53,771.00
The Safer Luton Partnershi				E57,988.00
YouTurn Futures				E52,707.00
Victim support				E298,381.00
Women's aid in Luton				E70,289.00
				0~200 10.00

Active Luton		E29,682.00
Age Concern	Luton	E136,184.00
Alzheimer's	society	E48,905.00

uton Citizens Fund						Mary Seacole Housing Association	Mary Seacole Housing Association	Mary Seacole Housing Association	f3,500.00
						Music24			E3,500.00
						Nyabingi Charity			E3,259.00
Active Luton					E1,874.00	Nine Red Presents			E3,500.00
All saints Church					E3,400.00	One Nation Archery Club			f3,500.00
Beech Hill Community		Primary school			E3,500.00	Penrose Options			f3,500.00
BIG Health &Fitness	CIC				E3,488.00	Portland Watch			E3,190.00
Bushmead Community		Hub			E7,000.00	Pulse of Luton			f3,500.00
Boxing saves Lives CIC					f3,500.00	Raise U Foundation			f3,500.00
CBC Health &Wellness					E3,500.00	Raynham Way Community	Centre		E1,950.00
Community Needs					E3,500.00	Ray's Health and Wellbeing	Association		E3,500.00
Cruse Bereavement	Care				f950.00	Refugee and Migrant Development Association			E3,500.00
Families United Network					f3,500.00	Restoration Revival Fellowship			E3,500.00
Film Skool Deluxe					E3,496.00	SALTO G mnastics Charitable		Foundation	El 000.00
Friends of Bright Eyes					E3,372.00	Signposts			f3,500.00
Friends of Bushmead	school				E3,178.00	Society for the Advancement		of Black arts	f3,450.00
Greenhouse Mentoring					E3,484.00	S ortin Links Bedfordshire		CIC	f3,500.00
Groundwork East					E3,500.00	St Hughs Church			f3,500.00
Hockwell Ring Amateur		Boxing Club			E3,450.00	St Kits Nevis & Friends Association			f5,367.00
Hope Church Luton	Trust				E3,500.00	StThomas Church			E1,000.00
Ins ire FM					E3,500.00	Shanthona Womens Group			f3,500.00
Lewsey Residents Assocation					E3,000.00	Sto sle United FC adults			f4,970.00
LGBTBedfordshire					f3,500.00	The Ebonista Project			E3,500.00
Link to Chan e					f3,500.00	The Female like me			E3,500.00
Luton Art Club					f3,500.00	The Feast Youth Project			E2,025.00
Luton Carnival Arts Develo			ment Trust		E10,500.00	The Trauma Healing Collective			F2,950.00
Luton, Dunstable & Communit Forum	surrounding			Kenyan	E3500.00	TOKKO Ltd			f3,500.00
Luton Irish Forum					E3,500.00	Unleashing Potential			f3,500.00
Luton Roma Trust					E3450.00	UN IKA			f3,000.00
Luton Street Pastors					E1,000.00	Victim Su ort			E3,500.00
Parkinson's support	group				f900.00	Warden Hill Ti ers			f3,500.00

Warden	Park Bandstand	Group	f3,500.00
Warden	Hill Community	Association	f3,500.00
			Et07 20R.M