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2021-03-31-accounts

Registered number: 04220563 Charity number: 1091628

The Community Foundation for Staffordshire

Trustees' Report and Financial Statements

For the Year Ended 31 March 2021

The Community Foundation for Staffordshire (A Company Limited by Guarantee)

Contents

Page
Reference and Administrative Details of the Company, its Trustees and Advisers 1
Trustees' Report 2 - 7
Trustees' Responsibilities Statement 8
Independent Auditors' Report on the Financial Statements 9 - 12
Statement of Financial Activities 13
Balance Sheet 14
Statement of Cash Flows 15
Notes to the Financial Statements 16 - 51

The Community Foundation for Staffordshire (A Company Limited by Guarantee)

Reference and Administrative Details of the Company, its Trustees and Advisers For the Year Ended 31 March 2021

Trustees Mr R Lewis, Chair
Mr J Andrew, Vice Chair
Mr S Price, Vice Chair
Mrs C Almond
Mrs A Cope
Dr T Ramgopal (resigned 16 September 2020)
Mr P Samani
Mr T Walsh
Mrs L Green, Treasurer
Mrs J Scott-Moncrieff
Mr J Lefroy
Mr A Brough (appointed 10 December 2020)
Mrs A Harris (appointed 18 March 2021)
Company registered
number
04220563
Charity registered
number
1091628
Registered office
Communications House
University Court
Staffordshire Technology Park
Stafford
Staffordshire
ST18 0ES
Company secretary
Mr R Lewis
Chief executive officer
Mr S Adams
Independent auditors
Dains LLP
Suite 2, Albion House
2 Etruria Office Village
Forge Lane
Stoke on Trent
Staffordshire
ST1 5RQ

Page 1

The Community Foundation for Staffordshire

(A Company Limited by Guarantee)

Trustees' Report For the Year Ended 31 March 2021

The Trustees present their annual report together with the audited financial statements of the Company for the year 1 April 2020 to 31 March 2021. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

a. Objectives and aims

The company's objectives are the promotion of any charitable purpose for the benefit of the community or any part thereof in the County of Staffordshire and the surrounding areas.

b. Objectives, strategies and activities

Page 2

The Community Foundation for Staffordshire

(A Company Limited by Guarantee)

Trustees' Report (continued) For the Year Ended 31 March 2021

Objectives and activities (continued)

c. Public benefit

The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

d. Grant-making policies

The basic criterion that applies to all open grants programmes is that the groups must be based in Staffordshire, Shropshire or another area of benefit as allowed by the articles of association, or where applicable to a specific fund, in a smaller area within the county. Exceptions to this may apply where a grant scheme is targeted to a general geographical area, primarily in Staffordshire but which may take in areas of South Cheshire, northern Shropshire or eastern Derbyshire. Unless otherwise stated, all funding streams are open to ‘not-for-profit’ organisations. The potential recipient does not need to be a registered charity to apply for funds, as long as it has charitable aims and has a structure in place to show that it is properly run. Appropriate due diligence is always carried out before any grant is issued.

In order to ensure that the grants awarded are being used effectively, all grant recipients are required to submit a monitoring and evaluation form once the grant has been spent. Further applications for funding will not be accepted until the report has been returned in a satisfactory and acceptable condition. In cases where grants are paid quarterly, the subsequent instalment of any grant will not be paid until the quarterly monitoring form has been returned.

Page 3

The Community Foundation for Staffordshire

(A Company Limited by Guarantee)

Trustees' Report (continued) For the Year Ended 31 March 2021

Fair review of the business

a. Achievements and performance

The Community Foundation continues to grow in line with pre-set targets, included in the charity’s Business Development Plan and Fund Development Plan, despite the impact of the pandemic and lockdowns. These targets are revisited every 3 years in detail, and briefly every 12 months. Due to market volatility there was some fluctuation in fund values throughout the year, but by year end, due to increased grant giving and new endowments, expectations were fulfilled.

b. Financial review

The Statement of Financial Activities for the year is set out in the financial statements. A summary of the financial results is set out below.

Income received comprised donations, management fees and endowment funds of £3,363,228 (2020: £1,329,919). Details of grants paid out are disclosed in Note 8.

Other expenditure was principally the costs of promoting The Community Foundation, administration of the grant giving process and governance costs.

c. Reserves policy

The Community Foundation aims to cover the running costs of the organisation, (including the basic operating costs and more advanced and client facing activities), through day-to-day business activity, including the distribution of grants for which a fee may be payable, and through the charges it made for its services.

As a charity and a non-profit making company The Community Foundation does not aim to make a profit, but a surplus may occur when income exceeds expenditure.

The board recognises the need to grow endowment levels to a critical mass in order to provide a sustainable source of future income, that is one not affected by new contracts and funding cycles. An endowment fund value of £8m would be enough to cover the running costs of The Community Foundation at current levels, and the current total is just short of this.

The board also recognises that there is a need to ensure that, should income levels not be sufficient to cover running costs, there is a plan in place to ensure the continued operation of The Community Foundation in the short term, to allow it a chance to recover and grow. As a way to address this concern The Community Foundation has developed the following reserves policy.

Unrestricted reserves may be used for any purpose that the charity sees fit, and this affects the level of reserves that the Community Foundation aims to maintain. Certain items of income may not contribute to unrestricted reserves, as they are already allocated for expenditure in advance. For the purposes of this policy expendable endowments will not be included in reserves, although they may offer flexibility with regards to planned expenditure.

For the purposes of this policy the board have set a level of £225,000 to be held in unrestricted reserves, which will be the equivalent of 9 months’ running costs at current levels. The reserves policy states 9 months, with a tolerance of 3 months either way, meaning reserves held will be the equivalent of between 6 and 12 months running costs. This change was introduced following the Coronavirus pandemic and lockdowns. This level will give the Foundation time to find alternative funding sources should there be a significant drop in income levels. It is recognised that as a fully functioning Community Foundation this level may need to be increased, as the organisation grows and develops.

Page 4

The Community Foundation for Staffordshire

(A Company Limited by Guarantee)

Trustees' Report (continued) For the Year Ended 31 March 2021

Fair review of the business (continued)

d. Investment policy and objectives

The Community Foundation for Staffordshire invests following Charity Commission guidelines. As part of that strategy, The Community Foundation has adopted an ethical investment policy encompassing changing community guidelines. The charity continues to employ Brewin Dolphin and CCLA as its investment managers, and is custodian of a held fund which is invested with Marlborough.

As part of the regular review into the investment portfolio, a decision was taken to diversify its investments, and to increase the level of social impact during the investment process. All decisions taken are in line with the governing document.

e. Principle risks and uncertainties

The lack of centrally funded initiatives and the performance of the financial markets, in which much endowment is invested, are the biggest risks to The Community Foundation. These risks are kept under regular review in order to provide early mitigation and action if needed. The formal Risk Assessment provides details of the actions needed to mitigate these risks.

With a growth in privately held endowment there is a need to expand the business services offered by The Community Foundation in order to provide a sufficient service to donors, as well as to look at complementary services. This must be carefully balanced with sustainable income and resources to ensure there is no retraction of Community Foundation services.

f. Changes due to the Coronavirus Pandemic and Lockdowns

The lockdowns experienced in 2020 and 2021 have changed the way many organisations operate, leading them to rationalise services and property holdings, whether owned, leased or rented. The Community Foundation currently has no plans to change any of its leases.

A flexible working policy was in place at The Community Foundation prior to the first lockdown, although this has been revised following latest learnings, to offer extra flexibility, assurance and job security to employees. The Community Foundation did not need to take advantage of the furlough scheme, and expanded its staffing levels during the year in line with expected growth, had the pandemic not occurred.

The move to paperless working was accelerated by the need to work from home during the pandemic and has now been implemented. Digital delivery of some other in-person activities has also been adopted.

g. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the The Community Foundation has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

Page 5

The Community Foundation for Staffordshire (A Company Limited by Guarantee)

Trustees' Report (continued) For the Year Ended 31 March 2021

Financial review

Structure, governance and management

a. Nature of governing document

The organisation is a charitable company limited by guarantee, incorporated on 21 May 2001 and registered as a charity on 16 April 2002. The company was established under a Memorandum of Association. In the event of the company being wound up, each member is required to contribute an amount not exceeding £10.

The directors of the company are also charity trustees for the purposes of charity law.

b. Recruitment and appointment of trustees

Three trustees, Mrs C. Almond, Mes A. Cope and Mr P. Samani, all retire by rotation at the forthcoming Annual General Meeting. They may, in accordance with the Articles, be eligible to stand for re-election should they so choose.

No trustees have disclosed an intention to retire at the forthcoming Annual General Meeting

Individuals who will stand for full election at the next Annual General Meeting are, having been appointed by the Trustees to fill a casual vacancy since the date of the last Annual General Meeting:

Mr A Brough Mrs A N Harris

The Board constantly keeps its skill requirements under review.

c. Induction and training of trustees

New trustees are given an appropriate induction by the Chairman and Chief Executive including a briefing on trustee responsibilities; an outline of the key objectives and ethos of The Community Foundation for Staffordshire; background information on community foundations in general and a full briefing on the Community Foundation’s financial standing and responsibilities. Trustees are provided with a digital copy of all policies relating to the trustees and their responsibilities.

The trustees meet four times a year as a full board to discuss strategy, review progress on funding and identify opportunities for the organisation. They also meet twice a year for strategic planning workshops. Trustees also form five sub-committees with differing responsibilities which meet a minimum of four times per year.

d. Arrangement for setting key management personnel remuneration

The responsibility for the setting of the Chief Executive’s remuneration rests with the Chairman and the Board of trustees. Remuneration for other key management personnel is set by the Chief Executive and formally approved by the Board of trustees.

e. Related party relationships

Details of related party transactions and their relationship to The Community foundation can be found under note 26 to the financial statements.

Page 6

The Community Foundation for Staffordshire

(A Company Limited by Guarantee)

Trustees' Report (continued) For the Year Ended 31 March 2021

Structure, governance and management (continued)

f. Financial risk management

The Trustees have assessed the major risks to which the Company is exposed, in particular those related to the operations and finances of the Company, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

Disclosure of information to auditors

Each of the persons who are Trustees at the time when this Trustees' Report is approved has confirmed that:

Approved by order of the members of the board of Trustees and signed on their behalf by:

Mr R Lewis Trustee Date:

Mrs L Green Trustee

Page 7

The Community Foundation for Staffordshire

(A Company Limited by Guarantee)

Statement of Trustees' responsibilities For the Year Ended 31 March 2021

The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees and signed on its behalf by:

Mr R Lewis Trustee Date:

Mrs L Green Trustee

Page 8

The Community Foundation for Staffordshire (A Company Limited by Guarantee)

Independent Auditors' Report to the Members of The Community Foundation for Staffordshire

Opinion

We have audited the financial statements of The Community Foundation for Staffordshire (the 'charitable company') for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes, including a summary of significant accounting policies. 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 Accepted Accounting Practice).

In our opinion the financial statements:

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 statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting 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

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Page 9

The Community Foundation for Staffordshire

(A Company Limited by Guarantee)

Independent Auditors' Report to the Members of The Community Foundation for Staffordshire (continued)

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The Trustees are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. 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.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters 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 misstatements in the Trustees' Report.

We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:

Page 10

The Community Foundation for Staffordshire

(A Company Limited by Guarantee)

Independent Auditors' Report to the Members of The Community Foundation for Staffordshire (continued)

Responsibilities of trustees

As explained more fully in the Trustees' Responsibilities Statement, the Trustees (who are also the directors of the charitable 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 as 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 statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

Page 11

The Community Foundation for Staffordshire

(A Company Limited by Guarantee)

Independent Auditors' Report to the Members of The Community Foundation for Staffordshire (continued)

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has 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 accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Simon Hawkins (Senior Statutory Auditor)

for and on behalf of Dains LLP

Statutory Auditor Chartered Accountants

Suite 2, Albion House 2 Etruria Office Village Forge Lane Stoke on Trent Staffordshire ST1 5RQ

Date:

Page 12

The Community Foundation for Staffordshire

(A Company Limited by Guarantee)

Statement of financial activities (incorporating income and expenditure account) For the Year Ended 31 March 2021

Note
Income and
endowments from:
Donations and legacies
3
Charitable activities
4
Investments
5
Total income and
endowments
Expenditure on:
Raising funds
6
Charitable activities
7
Total expenditure
Net gains/(losses) on
investments
Net (expenditure)
/income
Transfers between
funds
Net movement in
funds
Reconciliation of
funds:
Total funds brought
forward
Net movement in funds
Total funds carried
forward		 Unrestricted
funds
2021
£
58
139,923
926
140,907
59,979
239,436
299,415
-
(158,508)
221,722
63,214
159,748
63,214
222,962		 Restricted
funds
2021
£
2,562,323
-
-
2,562,323
-
2,446,411
2,446,411
-
115,912
196,668
312,580
245,156
312,580
557,736		 Endowment
funds
2021
£
492,778
-
167,220
659,998
18,459
-
18,459
1,359,427
2,000,966
(418,390)
1,582,576
5,898,771
1,582,576
7,481,347		 Total
funds
2021
£
3,055,159
139,923
168,146
3,363,228
78,438
2,685,847
2,764,285
1,359,427
1,958,370
-
1,958,370
6,303,675
1,958,370
8,262,045		 Total
funds
2020
£
1,022,114
125,214
182,591
1,329,919
79,130
1,280,988
1,360,118
(320,327)
(350,526)
-
(350,526)
6,654,201
(350,526)
6,303,675

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 16 to 51 form part of these financial statements.

Page 13

The Community Foundation for Staffordshire

(A Company Limited by Guarantee)

Balance Sheet As at 31 March 2021

Note
Fixed assets
Intangible assets
14
Tangible assets
15
Investments
16
Current assets
Debtors
17
Cash at bank and in hand
Creditors: amounts falling due within one
year
18
Net current assets
Total net assets
Charity funds
Endowment funds
Restricted funds
Unrestricted funds
Total funds		 113,962
704,769
818,731
(45,065)		 2021
£
6,000
3,920
7,478,459
7,488,379
773,666
8,262,045
7,481,348
557,736
222,961
8,262,045		 40,122
551,908
592,030
(25,929)		 2020
£
13,200
8,129
5,716,245
5,737,574
566,101
6,303,675
5,898,771
245,156
159,748
6,303,675

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

Mr R Lewis Trustee Date:

Mrs L Green Trustee

The notes on pages 16 to 51 form part of these financial statements.

Page 14

The Community Foundation for Staffordshire

(A Company Limited by Guarantee)

Statement of Cash Flows For the Year Ended 31 March 2021

Cash flows from operating activities
Net cash generated by / (used in) operating activities
Cash flows from investing activities
Dividends, interests and rents from investments
Purchase of intangible assets
Purchase of tangible fixed assets
Proceeds from sale of investments
Purchase of investments
Interest received
Net cash (used in)/provided by investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2021
£
387,973
167,220
-
(469)
2,295,865
(2,698,653)
926
(235,111)
152,862
551,908
704,770		 2020
£
(207,614)
181,803
(14,400)
(1,348)
2,164,187
(1,840,948)
787
490,081
282,467
269,441
551,908

The notes on pages 16 to 51 form part of these financial statements

Page 15

The Community Foundation for Staffordshire

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2021

1. General information

The Community Foundation for Staffordshire is a company limited by guarantee. The members of The Community Foundation are the trustees named on page 1. In the event of the The Community Foundation being wound up, the liability in respect of the guarantee is limited to £10 per member of the company.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Community Foundation for Staffordshire 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.

2.2 Summary of significant accounting policies and key accounting estimates

The principal accounting policies which apply in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented, unless otherwise stated.

Critical areas of judgment

In the application of the Charity's accounting policies, the trustees are required to make judgments, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. 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 where revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

2.3 Going concern

The financial statements have been prepared on a going concern basis.

The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.

Page 16

The Community Foundation for Staffordshire

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2021

2. Accounting policies (continued)

2.4 Income

Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Income and endowments

Income is credited to the Statement of Financial Activities in the period in which it is receivable. The income and expenditure account is presented in the form considered most appropriate to the current activities of the charity.

Donations and legacies

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfillment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.

Grants Receivable

Grants, including grants for the purchase of fixed assets, are recognised in full in the Statements of Financial Activities in the year in which they are receivable.

Investment Income

Income from investments is included in the year in which it is receivable.

Other Income

In addition to the income disclosed in the accounts The Community Foundation for Staffordshire also receives help and support in the form of voluntary assistance. This help and support is not included in the financial statements. This voluntary assistance is very much appreciated.

Page 17

The Community Foundation for Staffordshire

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2021

2. Accounting policies (continued)

2.5 Expenditure

Resources expended are recognised in the period in which they are incurred.

Raising funds

These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.

Charitable activities

Resources expended are allocated to the particular activity where the costs relate directly to that activity. Indirect costs are allocated per time spent on each activity.

Grant expenditure

Grants payable are payments made to third parties in the furtherance of the charitable activities of the Foundation. Single or multi-year grants are accounted for when either the recipient has a reasonable expectation that they will receive a grant and the trustees have agreed to pay the grant without condition, or the recipient expectation that they will receive a grant and any condition attaching to the grant is outside the control of the Foundation.

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources (staff time spent on each activity).

Governance costs

These include the cost attributable to the Charity's compliance with constitutional and statutory requirements, including audit fees.

Irrecoverable VAT

Irrecoverable VAT is charged against the category of resources expended for which it was incurred.

2.6 Intangible assets and amortisation

Intangible assets costing £300 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Amortisation is provided on intangible assets at rates calculated to write off the cost of each asset on a straight-line basis over its expected useful life.

The estimated useful lives are as follows:

Amortisation is provided on the following basis:

Computer software - 50 % straight line

Page 18

The Community Foundation for Staffordshire

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2021

2. Accounting policies (continued)

2.7 Tangible fixed assets and depreciation

Tangible fixed assets costing £300 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of financial activities incorporating income and expenditure account.

Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following bases:

Furniture and equipment - 4 years straight line
Computer equipment - 2 years straight line

2.8 Investments

Investments held as Fixed Assets are revalued at mid-market value at the Balance Sheet date and the gain or loss taken to the Statement of Financial Activities.

Gains and Losses are taken to the Statements of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between the sales proceeds and the opening market values (purchase date if later). Unrealised gains and losses are calculated as the difference between the market value at the year end and the opening market value (or purchase date if later).

2.9 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.10 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.11 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.

Page 19

The Community Foundation for Staffordshire

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2021

2. Accounting policies (continued)

2.12 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance 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 Community Foundation anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services 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 pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.

2.13 Financial instruments

Classification

Financial assets and liabilities are recognised when the charity becomes a party of the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.

Recognition and measurement

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are only offset in the statement of financial position when, and only when there exist a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realised the asset and settle the liability simultaneously.

Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

Investments

Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit and loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Page 20

The Community Foundation for Staffordshire (A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2021

2. Accounting policies (continued)

2.13 Financial instruments (continued)

Fair value measurement

The best evidence of fair value is quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.

2.14 Taxation

The Company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

2.15 Pensions

The pension cost charged in the financial statements represents the contribution by the charity on behalf of the employees to a stakeholder pension scheme or other designated personal pension scheme payable by the charity during the year.

2.16 Fund accounting

Unrestricted funds are donations and other incoming resources or generated for the objective of the charity without further specified purpose and are available as general funds.

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure that meets these criteria is charged to the fund.

Endowment funds represent those assets, principally investments, held by the charity to fulfil its objectives and are permanent in nature. The Community Foundation for Staffordshire has adopted a total returns policy in order to balance the needs of present and future beneficiaries.

3. Income from donations and legacies

Gift aid reclaimed
Donations from companies, trusts and similar
proceeds		 Unrestricted
funds
2021
£
58
-
58		 Restricted
funds
2021
£
17,296
2,545,027
2,562,323		 Endowment
funds
2021
£
13,902
478,876
492,778		 Total
funds
2021
£
31,256
3,023,903
3,055,159

Page 21

The Community Foundation for Staffordshire

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2021

3. Income from donations and legacies (continued)

Gift aid reclaimed
Donations from companies, trusts and similar proceeds		 Restricted
funds
2020
£
4,649
995,723
1,000,372		 Endowment
funds
2020
£
-
21,742
21,742		 Total
funds
2020
£
4,649
1,017,465
1,022,114

4. Income from charitable activities

Unrestricted
funds
2021
£
Grant making
139,923
Unrestricted
funds
2020
£
Grant making
125,214		 Total
funds
2021
£
139,923
Total
funds
2020
£
125,214

5. Investment income

Dividends receivable from listed investments
Investment income		 Unrestricted
funds
2021
£
-
926
926		 Endowment
funds
2021
£
167,220
-
167,220		 Total
funds
2021
£
167,220
926
168,146

Page 22

The Community Foundation for Staffordshire

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2021

5. Investment income (continued)

Dividends receivable from listed investments
Investment income		 Unrestricted
funds
2020
£
-
787
787		 Endowment
funds
2020
£
181,804
-
181,804		 Total
funds
2020
£
181,804
787
182,591

6. Expenditure on raising funds

Costs of raising voluntary income

Investment management costs
Administration costs
Premises costs
Other support costs
Governance
Staff costs		 Unrestricted
funds
2021
£
-
3,041
4,723
6,691
1,445
44,079
59,979		 Endowment
funds
2021
£
18,459
-
-
-
-
-
18,459		 Total
funds
2021
£
18,459
3,041
4,723
6,691
1,445
44,079
78,438

Page 23

The Community Foundation for Staffordshire

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2021

6. Expenditure on raising funds (continued)

Costs of raising voluntary income (continued)

Investment management costs
Administration costs
Premises costs
Other support costs
Governance
Staff costs		 Unrestricted
funds
2020
£
-
4,325
4,829
9,387
1,044
40,191
59,776		 Endowment
funds
2020
£
19,354
-
-
-
-
-
19,354		 Total
funds
2020
£
19,354
4,325
4,829
9,387
1,044
40,191
79,130

The basis of allocation for the split of support costs between cost of raising funds and charitable activities is staff time.

7. Analysis of expenditure on charitable activities

Summary by fund type

Grant funding activities
Staff costs
Allocated support costs
Governance costs		 Unrestricted
funds
2021
£
-
176,314
57,343
5,779
239,436		 Restricted
funds
2021
£
2,446,411
-
-
-
2,446,411		 Total
funds
2021
£
2,446,411
176,314
57,343
5,779
2,685,847

Page 24

The Community Foundation for Staffordshire

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2021

7. Analysis of expenditure on charitable activities (continued)

Summary by fund type (continued)

Grant funding activities
Staff costs
Allocated support costs
Governance costs		 Unrestricted
funds
2020
£
-
160,766
74,162
4,176
239,104		 Restricted
funds
2020
£
1,021,884
-
-
-
1,021,884		 Endowment
funds
2020
£
20,000
-
-
-
20,000		 Total
funds
2020
£
1,041,884
160,766
74,162
4,176
1,280,988

8. Analysis of grants

Grant making
Grant making		 Grants to
Institutions
2021
£
2,446,411
Grants to
Institutions
2020
£
1,021,884		 Total
funds
2021
£
2,446,411
Total
funds
2020
£
1,021,884

Page 25

The Community Foundation for Staffordshire

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2021

Analysis of grants
#iwill Match
#iwill Shropshire
#iwillStaffordshire
Breath of Life
Covid-19 DCMS - Shropshire
Covid-19 DCMS - Staffordshire
Covid-19 Lichfield Appeal
Covid-19 Local Appeal
Covid-19 Whittington Fund
Covid-19 Co-op - Shropshire
Covid-19 Co-op - Staffordshire
Edward Wood
European Social Fund
High Sheriff
J&O Lloyd
John Flock
Maddocks, Burslem & Leicester
Malam
NET Shropshire Fund
NET Staffordshire Fund
People Power
SBC Small Grants
SBC Sports Fund
Shropshire Flood Appeal
South Staffs Community Energy
Space Onward Funding
Stoke Winter Warmth
Tabitha Trust
We Love Lichfield
We Love Stafford
Winter Warmth		 Grants to
Institutions
£
15,334
4,030
28,103
41
125,416
468,598
15,101
10,500
11,469
9,390
22,019
-
107,004
6,000
39,142
4,348
-
9,000
414,939
821,869
30,005
6,626
570
-
12,778
89,054
-
3,000
10,469
1,770
-
2,266,575		 Grants to
Individuals
£
-
-
-
9,622
-
-
-
3,717
4,700
-
-
2,732
-
2,000
-
285
4,500
-
-
-
-
-
200
940
-
-
3,000
250
-
-
146,768
178,714

In addition to above, there were £1,122 (2020: £4,739) of allocated support costs.

Page 26

The Community Foundation for Staffordshire (A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2021

Material Grant Payments

Material grant payments to institutions are listed below:

£

Landau Ltd 26,066
The Church of England Children's Society 24,209
Telford Christian Council Supported Housing - STAY 24,148
Signal 22,521
Support Staffordshire 22,000
SCVYS 16,821
South Staffordshire Work Clubs 15,275
VAST 15,000
SCVYS 15,000
MediaActive Projects CIC 15,000
Landau Ltd 15,000
VAST 15,000
Telford and Wrekin Interfaith Council 15,000
VAST 15,000
Katherine House Hospice 15,000
VAST 15,000
Realise Foundation 14,865
Shropshire RCC 14,402
Support Staffordshire 14,400
Realise Foundation 14,115
VAST 11,545
CEIA 10,573
Ministry at Work 10,500
St Giles Hospice 10,484
SCVYS 10,400
Food Waste Heroes (Formerly Telford Food Project) 10,154
Leegomery Under Five's 10,140
Designs in Mind CIC 10,072
Headway North Staffordshire 10,000
Haregate Community Centre 10,000
VAST 10,000
Moorlands Home Link 10,000
Cruse Bereavement Care South Staffs 10,000
Shropshire Mind 10,000
Emmaus North Staffordshire 10,000
Cashe Aqua Rural Enterprise CIC 10,000
Dudson Centre 10,000
Jet Singh Trust 10,000
Youth Emotional Support Services 10,000

Page 27

The Community Foundation for Staffordshire

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2021

PPE 4 Community 10,000
Katherine House Hospice 10,000
The Hubb Foundation 10,000
On the Horizon Counselling Services 10,000
Burton and District Mind 9,992
Qube 9,981
St Giles Hospice 9,980
Support Staffordshire 9,976
Burton Albion Community Trust 9,960
The Katherine Allport Foundation 9,899
Church of God 7th Day / Pearl Training 9,850
The Lichfield and District Live at Home Scheme 9,760
Approach Dementia Support 9,674
Sporting Communities CIC 9,522
Signposts (Stafford) 9,500
Transforming Communities Together CIC 9,411
Choices 9,400
SCVYS 9,268
SCVYS 9,268
Frontline Dance 9,240
Staffordshire Women's Aid 9,208
Live at Home Burntwood 9,131
Al-Maryam 9,000
Al-Maryam 9,000
St Giles Hospice 8,650
Cherishers 811 8,600
Cheadle CAB 8,461
Our Burslem 8,400
Beam 8,369
Sporting Communities CIC 8,230
MHA Shifnal and District LAH Scheme 8,228
Achieving Goals and Dreams 8,220
Transforming Communities Together CIC 8,082
Stoke North Live at Home 8,048
Telford Chin Woo 8,020
Telford Crisis Support 8,000
The Hubb Foundation 8,000
Parental Education Growth Support 7,994
MHA Shifnal and District LAH Scheme 7,841
Shrewsbury Towen in the Community 7,780
OsNosh 7,702
We Are With You 7,694
Leegate Community Food Project 7,595
Afghanistan and Central Asian Association 7,550

Page 28

The Community Foundation for Staffordshire

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2021

Connect Aid CIC 7,500
Shropshire Youth Support Trust (SYST) 7,500
Our Burslem 7,350
Our Burslem 7,350
Liberty 7,139
The Portland Inn Project 7,120
Park Lane Centre 7,110
Qube - Oswestry Community Action 7,070
Ministry at Work 7,000
Shrewsbury Food Hub 6,844
Stoke North Live at Home 6,792
Honeycomb Charitable Services 6,790
Voice of Hope 6,700
Support Staffordshire 6,595
Support Staffordshire 6,592
Support Staffordshire 6,592
New Vic Theatre 6,499
The Right Stuff 6,450
HMM Arts Ltd (The Hive) 6,321
Katherine House Hospice 6,290
Lost Days 6,100
Cheadle CAB 6,029
Scrubs 4 Stoke 6,000
Hands Together Ludlow 6,000
Biddulph Youth Zone 6,000
PPE 4 Community 6,000
Hands Together Ludlow 6,000
Gartmore Riding for the Disabled 5,810
Liberty Staffordshire CIC 5,723
Small Woods Association 5,600
Lichfield & District Live at Home 5,583
Beam 5,580
Alice (Relief of Poverty and Advancement of Community) 5,526
MHA Communities - Burntwood 5,493
Wat Mahathat Temple 5,400
Parental Education Growth Support 5,350
Living Springs 5,200
The Hubb Foundation 5,000
Burton YMCA 5,000
Cerebal Palsy Mid Staffordshire 5,000
On the Horison Counselling Services 5,000
Park Lane Centre 5,000
Shropshire Mind 5,000
The Stretton and Mayfair Trust 5,000

Page 29

The Community Foundation for Staffordshire

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2021

Stoke on Trent Foodbank
Brookside Central CIO
MHA Shifnal and District LAH Scheme
Cannock & District Foodbank
Wondersale Care
Period Power
Caudwell Children
Alice (Relief of Poverty and Advancement of Community)
Fun Club
Connect Aid CIC
The Hubb Foundation
Telford and Wrekin Interfaith Council
On the Horizon Counseeling Services
Port Vale Football Club Foundation
Renew Church
Cerebal Palsy Mid Staffordshire
Achieving Goals and Dreams
Shropshire Mind
Omega the National Association for EOL care
PRISM Community Bereavement Support Services
The Wellington Community Arts
Heart of Tamworth Community Project
Midlands Psychology CIC
North Staffs LineLine
Period Power
Broke Light Bulb CIC
Splat Staffordshire CIC
Challenging Perceptions
Support Staffordshire
Stoke Your Gratitude
Period Power
Abbots Bromley Sports Association		 5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
1,360,172

The support costs association with grant making are £239,436 (2020: £239,104).

Page 30

The Community Foundation for Staffordshire

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2021

9. Analysis of expenditure by activities

Grant funding activities
Staff costs
Allocated Support costs
Governance costs		 Grant
funding of
activities
2021
£
2,446,411
-
-
-
2,446,411		 Support
costs
2021
£
-
176,314
57,343
5,779
239,436		 Total
funds
2021
£
2,446,411
176,314
57,343
5,779
2,685,847
Grant funding activities
Staff costs
Allocated support costs
Governance costs		 Activities
undertaken
directly
2020
£
20,000
-
-
-
20,000		 Grant
funding of
activities
2020
£
1,021,884
-
-
-
1,021,884		 Support
costs
2020
£
-
160,766
74,162
4,176
239,104		 Total
funds
2020
£
1,041,884
160,766
74,162
4,176
1,280,988

Analysis of support costs

Staff costs
Depreciation & Amortisation
Premises costs
Other support costs
Administration costs
Governance costs		 Total
funds
2021
£
176,314
11,878
18,893
15,978
10,594
5,779
239,436		 Total
funds
2020
£
160,766
5,441
19,315
26,239
23,167
4,176
239,104

Page 31

The Community Foundation for Staffordshire

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2021

10. Net income/(expenditure)

Depreciation of tangible fixed assets:
- owned by the charity
Amortisation of intangible fixed assets
Auditors' remuneration
Auditors' remuneration - other services		 2021
£
4,678
7,200
4,500
2,750
19,128		 2020
£
4,240
1,200
4,500
2,750
12,690

11. Staff costs

Wages and salaries
Social security costs
Other pension costs		 2021
£
197,372
13,722
9,299
220,393		 2020
£
180,892
11,778
8,287
200,957

The average number of persons employed by the Company during the year was as follows:

Senior Management
Grants Officer
Administrator		 2021
No.
4
2
1
7		 2020
No.
4
2
1
7

No employee received remuneration amounting to more than £60,000 in either year.

The total employee benefits of the key management personnel of the charity were £131,434 (2020: £109,313).

12. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2020 - £NIL) .

During the year ended 31 March 2021, no Trustee expenses have been incurred (2020 - £647) .

Page 32

The Community Foundation for Staffordshire

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2021

13. Taxation

The charity is a registered charity and is therefore exempt from taxation.

14. Intangible assets

Cost
At 1 April 2020
At 31 March 2021
Amortisation
At 1 April 2020
Charge for the year
At 31 March 2021
Net book value
At 31 March 2021
At 31 March 2020		 Computer
software
£
14,400
14,400
1,200
7,200
8,400
6,000
13,200

Page 33

The Community Foundation for Staffordshire

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2021

15. Tangible fixed assets

Cost or valuation
At 1 April 2020
Additions
At 31 March 2021
Depreciation
At 1 April 2020
Charge for the year
At 31 March 2021
Net book value
At 31 March 2021
At 31 March 2020		 Furniture
and
equipment
£
8,349
-
8,349
3,327
1,879
5,206
3,143
5,022		 Computer
equipment
£
9,827
469
10,296
6,720
2,799
9,519
777
3,107		 Total
£
18,176
469
18,645
10,047
4,678
14,725
3,920
8,129

Page 34

The Community Foundation for Staffordshire

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2021

16. Fixed asset investments

Cost or valuation
At 1 April 2020
Additions
Disposals
Revaluations
At 31 March 2021
Net book value
At 31 March 2021
At 31 March 2020		 Listed
securities
£
5,190,467
1,198,116
(1,054,188)
1,367,028
6,701,423
6,701,423
5,190,467		 Other
investments
£
525,778
1,500,537
(1,241,677)
(7,602)
777,036
777,036
525,778		 Total
£
5,716,245
2,698,653
(2,295,865)
1,359,426
7,478,459
7,478,459
5,716,245

17. Debtors

Due within one year
Trade debtors
Other debtors
Prepayments and accrued income		 2021
£
62,880
-
51,082
113,962		 2020
£
2,879
171
37,072
40,122

Page 35

The Community Foundation for Staffordshire

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2021

18. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
Deferred income at 1 April
Resources deferred during the year
Amounts released from previous periods
Deferred income at 31 March		 2021
£
1,655
3,191
14,277
25,942
45,065
2021
£
-
19,282
-
19,282		 2020
£
488
4,478
14,327
6,636
25,929
2020
£
-
-
-
-

Page 36

The Community Foundation for Staffordshire (A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2021

19. Statement of funds

Balance
at 1 April
2020		 Income Expend-
iture		 Transfer
s in/out		 Gains/(L
osses)
Balance
at 31
March
2021
£ £ £ £ £
£
Unrestricted funds
General Funds 159,748 140,907 (299,415) 221,722 -
222,962
Restricted funds
#iwill Match - - (15,334) 25,426 -
10,092
#iwill Shropshire 4,033 - (4,030) 997 -
1,000
#iwill Staffordshire 24,000 8,996 (28,103) (4,893) -
-
Best Kept Village 7,094 - (15) (7,079) -
-
Bishop Stamer 842 - - - -
842
Breath of Life 14,663 - (9,663) - -
5,000
CFS 1,706 - - - -
1,706
Checkley Tean 580 - - - -
580
Children's Holiday 135 - - - -
135
Covid-19 Co-op Shropshire - 9,436 (9,390) - -
46
Covid-19 Co-op Staffordshire - 22,019 (22,019) - -
-
Covid-19 DCMS Shropshire - 125,416 (125,416) - -
-
Covid-19 DCMS Staffordshire - 473,489 (468,598) - -
4,891
Covid-19 Lichfield Appeal 792 23,371 (15,101) - -
9,062
Covid-19 Local Appeal (456) 14,951 (14,217) 63,000 -
63,278
Covid-19 Whittington Fund 193 1,188 (16,169) 27,000 -
12,212
Duchy of Lancaster - 29,700 - - -
29,700
Edward Wood 741 - (2,732) 2,000 -
9
European Social Fund (38,117) 171,245 (107,004) - -
26,124
High Sheriff 7,557 - (8,000) 443 -
-
Hilton 11,528 - - - -
11,528
J & O Lloyd 12,984 - (39,142) 51,000 -
24,842
John Flock 588 - (4,633) 5,000 -
955
Kingsley 455 - - - -
455
Lichfield Street Aid - 571 - - -
571
Lost Days - 2,822 - - -
2,822
Maddocks, Burslem ad
Leicester		 1,715 - (4,500) 3,000 -
215
Made by Sport-Shropshire - 25,631 - - -
25,631
Made by Sport-Staffordshire - 62,247 - - -
62,247
Made in Stoke - 20,000 - - -
20,000
Malam 4,431 - (9,000) 5,000 -
431
Mo Chaudry 169 - - - -
169

Page 37

The Community Foundation for Staffordshire (A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2021

NET Staffordshire Fund 100,000 723,925 (821,869) - -
2,056
People Power - 30,005 (30,005) - -
-
Realise 8,092 - - - -
8,092
Rotary 10 - - - -
10
SBC Small Grants 9,000 9,000 (6,626) - -
11,374
SBC Sports Fund - 6,300 (770) - -
5,530
SCVYS 8,469 - - - -
8,469
SDG Funding - 3,890 (464) - -
3,426
Shropshire Flood Appeal 6,253 10,879 (940) 1,900 -
18,092
Sir Stanley Matthews - - - 13,000 -
13,000
South Staffs Community
Energy		 9,054 4,526 (12,778) - -
802
Space Onward Funding - 89,054 (89,054) - -
-
Stafford Childrens Hospice 263 - - - -
263
Stafford Swallows Sports Fund - 8,488 - - -
8,488
Staffs Charitable Trust (7,865) - - 7,865 -
-
Stoke Winter Warmth - 10,000 (3,000) - -
7,000
Surviving Winter 19,433 89 - (19,433) -
89
Tabitha Trust - - (3,250) 3,250 -
-
The Community Council 27 - - - -
27
VAST 400 - - - -
400
We Love Burntwood 2,771 - - (2,771) -
-
We Love Cannock Chase 1,457 - - - -
1,457
We Love Lichfield 5,130 - (11,113) 8,771 -
2,788
We Love Newcastle 5,956 - - - -
5,956
We Love Stafford 2,212 - (1,770) - -
442
We Love Stoke 8,699 - - - -
8,699
We Love Tamworth 2,417 - - - -
2,417
We Love The Moorlands 5,261 10,000 - - -
15,261
We Love Uttoxeter - 13,500 - - -
13,500
Whittington 676 - - 15,000 -
15,676
Winter Warmth - 224,798 (146,767) - -
78,031
Youth Endeavour (2,189) - - 2,189 -
-
Youth Social Action 3,997 - - (3,997) -
-
245,156 2,562,323 (2,446,411) 196,668 -
557,736
Endowment funds
Bishop Stamer 606,424 10,226 (4,072) (30,308) 153,978
736,248
Breath of Life 60,774 2,204 (42) (7,128) 13,475
69,283
Burslem Community 9,684 272 (27) (322) 1,971
11,578
CFS 95,334 1,791 (533) (3,258) 23,867
117,201
Checkley Tean 12,415 213 (85) (424) 3,213
15,332

Page 38

The Community Foundation for Staffordshire

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2021

Children's Holiday 168,004 2,787 (1,110) (10,536) 41,971
201,116
Colin Line - 67,234 20 - 2,900
70,154
Edward Wood 242,991 9,144 8 (9,065) 58,183
301,261
High Sheriff 70,059 29 (15) (70,073) -
-
Hilton 172,969 2,969 (1,182) (14,890) 44,700
204,566
J&O Lloyd 1,277,448 44,100 21 (92,638) 247,372
1,476,303
John Flock 41,322 637 (254) (6,406) 9,589
44,888
Kingsley Community Fund 101,272 1,722 (686) (2,837) 25,935
125,406
LGB Switchboard 6,525 112 (45) (222) 1,686
8,056
Maddocks, Burslem and
Leicester		 309,189 10,767 (315) (13,544) 68,484
374,581
Malam 206,313 3,389 (1,350) (16,872) 51,035
242,515
Mo Chaudry 67,586 1,180 (470) (767) 17,770
85,299
Realise 557,251 14,592 (2,314) (19,574) 149,135
699,090
Rotary 3,234 55 (22) (110) 836
3,993
SCVYS 91,950 3,294 (109) (3,261) 21,245
113,119
Sir Stanley Matthews 52,702 919 (366) (15,478) 13,836
51,613
Stafford Children's Hospice 19,008 327 - (648) 4,912
23,599
Staffs Charitable Trust 94,513 55 (35) (94,533) -
-
Support Staffordshire - 252,650 (820) - 5,608
257,438
Tabitha Trust 49,825 - - (3,828) 13,538
59,535
The Community Council 216,930 3,558 (1,417) (12,067) 53,581
260,585
VAST 105,347 1,813 (722) (3,600) 27,296
130,134
We Love Burntwood 198,502 921 (76) (199,347) -
-
We Love Cannock Chase 32,556 559 (222) (1,109) 8,412
40,196
We Love East Staffs 1,307 88 (9) (44) 351
1,693
We Love Lichfield 175,727 14,612 (806) 177,392 93,269
460,194
We Love Newcastle 191,452 6,717 (456) (11,325) 42,208
228,596
We Love South Staffordshire 5,264 94 (37) (186) 1,408
6,543
We Love Stafford 51,520 1,555 (339) (6,725) 13,119
59,130
We Love Staffordshire - 11,049 (172) 150,014 33,685
194,576
We Love Stoke 24,585 647 (142) (5,755) 5,701
25,036
We Love Tamworth 21,764 168,482 46 (18,083) (4,992)
167,217
We Love The Moorlands 25,821 787 (196) (5,941) 7,411
27,882
Whittington 515,180 18,003 6 (62,109) 98,642
569,722
Youth Endeavour 16,024 445 (114) (2,783) 4,097
17,669
5,898,771 659,998 (18,459) (418,390) 1,359,427
7,481,347
6,303,675 3,363,228 (2,764,285) - 1,359,427
8,262,045

Page 39

The Community Foundation for Staffordshire

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2021

. Statement of funds - prior year

Balance
at 1 April
2019		 Income Expend-
iture		 Transfers
in/out
Gains/(
Losses)
Balance at
31 March
2020		 Transfers
in/out
Gains/(
Losses)
Balance at
31 March
2020
£ £ £ £ £
£
Unrestricted funds
General Funds 139,499 126,001 (298,880) 193,128 -
159,748
Restriced funds
#iwill Staffordshire - 35,830 (11,830) - -
24,000
#iwill Shropshire 4,033 - - - -
4,033
Best Kept Village 677 10,299 (3,882) - -
7,094
Bishop Stamer 842 - - - -
842
Breath of Life 9,663 - - 5,000 -
14,663
Building a Stronger Britain - 95,477 (95,477) - -
-
CFS 1,706 - - - -
1,706
Checkley Tean 580 - - - -
580
Children's Holiday 2,376 - (3,241) 1,000 -
135
Connecting Communities 110 - - (110) -
-
Coventry Building Society - 1,169 (1,169) - -
-
Covid-19 Lichfield Appeal - 792 - - -
792
Covid-19 Local Appeal - 544 (1,000) - -
(456)
Covid-19 Whittington Appeal - 193 - - -
193
Edward Wood 3,690 - (3,949) 1,000 -
741
European Social Fund - 344,058 (382,175) - -
(38,117)
GVC Onward Fund - 45,000 (45,000) - -
-
High Sheriff 1,932 5,625 - - -
7,557
Hilton 778 - (2,250) 13,000 -
11,528
J&O Lloyd 407 - (53,423) 66,000 -
12,984
John Flock 588 - - - -
588
Kingsley 283 - (18,828) 19,000 -
455
Maddocks, Leicester Burslem 6,215 - (4,500) - -
1,715
The Malam Fund 694 - (8,263) 12,000 -
4,431
Mo Chaudry Fund 169 - - - -
169
NET Staffordshire Fund - 100,000 - - -
100,000
People Power 5,961 50,916 (56,877) - -
-
Realise 8,092 - - - -
8,092
Rotary 10 - - - -
10
Safer Roads - 62,072 (62,072) - -
-
SBC Small Grants 9,438 9,000 (9,438) - -
9,000
SCVYS 8,469 - - - -
8,469
Shropshire Flood Appeal - 6,253 - - -
6,253

Page 40

The Community Foundation for Staffordshire

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2021

South Staffs Community
Energy		 - 18,000 (8,946) - -
9,054
Stafford Childrens Hospice 263 - - - -
263
Stafford Emergency Fund 112 250 (300) (62) -
-
Staffs Charitable Trust (8,365) - 500 - -
(7,865)
Surviving Winter 19,433 - - - -
19,433
Tabitha Trust - - (2,500) 2,500 -
-
Tampon Tax - 105,871 (105,871) - -
-
The Community Council 10,000 - (9,973) - -
27
Transformation & Growth - 93,496 (93,496) - -
-
VAST 400 - (5,000) 5,000 -
400
We Love Burntwood 2,771 - - - -
2,771
We Love Cannock Chase 1,457 - - - -
1,457
We Love Lichfield 429 22,425 (24,724) 7,000 -
5,130
We Love Newcastle (146) (6,898) - 13,000 -
5,956
We Love Stafford 212 - - 2,000 -
2,212
We Love Stoke 3,699 - - 5,000 -
8,699
We Love Tamworth 2,417 - - - -
2,417
We Love The Moorlands 261 - - 5,000 -
5,261
Whittington 126 - (7,450) 8,000 -
676
Youth Endeavour (1,439) - (750) - -
(2,189)
Youth Social Action 3,997 - - - -
3,997
102,340 1,000,372 (1,021,884) 164,328 -
245,156
Endowment funds
Bishop Stamer 668,150 15,854 (4,694) (20,630) (52,256)
606,424
Breath of Life 67,453 2,583 (12) (7,138) (2,112)
60,774
Burslem Community 10,206 304 (27) (308) (491)
9,684
CFS 105,150 2,535 (751) (3,243) (8,357)
95,334
Checkley Tean 13,695 331 (98) (423) (1,090)
12,415
Children's Holiday 185,943 4,322 (1,279) (6,738) (14,244)
168,004
Edward Wood 250,250 9,051 102 (9,253) (7,159)
242,991
High Sheriff 74,203 2,078 (212) (2,350) (3,660)
70,059
Hilton 204,144 4,581 (1,356) (19,301) (15,099)
172,969
J&O Lloyd 1,370,534 43,855 503 (108,502) (28,942)
1,277,448
John Flock 44,625 1,098 (325) (459) (3,617)
41,322
Kingsley Community Fund 131,225 2,658 (787) (23,063) (8,761)
101,272
LGB Switchboard 7,196 174 (51) (222) (572)
6,525
Maddocks, Burslem,
Leicester		 320,486 10,856 (210) (10,197) (11,746)
309,189
The Malam Fund 239,622 5,365 (1,588) (19,403) (17,683)
206,313
Mo Chaudry Fund 72,992 1,796 (532) (751) (5,919)
67,586
Realise 597,367 17,431 (2,516) (18,712) (36,319)
557,251
Rotary 3,567 86 (25) (110) (284)
3,234

Page 41

The Community Foundation for Staffordshire

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2021

SCVYS 95,321 3,285 (63) (3,036) (3,557)
91,950
Sir Stanley Matthews 80,190 1,934 (20,573) (2,474) (6,375)
52,702
Stafford Children's Hospice 20,966 506 (150) (647) (1,667)
19,008
Staffs Charitable Trust 96,969 3,139 11 (2,774) (2,832)
94,513
Tabitha 58,920 - - (3,089) (6,006)
49,825
The Community Council 238,462 5,517 (1,633) (7,232) (18,184)
216,930
VAST 118,856 2,810 (832) (6,224) (9,263)
105,347
We Love Burntwood 203,294 6,585 76 (6,038) (5,415)
198,502
We Love Cannock Chase 35,909 866 (256) (1,108) (2,855)
32,556
We Love East Staffs 1,440 35 (10) (44) (114)
1,307
We Love Lichfield 177,144 24,380 (992) (12,468) (12,337)
175,727
We Love Newcastle 214,713 5,995 (473) (19,533) (9,250)
191,452
We Love South Staffs 5,825 146 (43) (186) (478)
5,264
We Love Stafford 58,441 1,586 (386) (3,770) (4,351)
51,520
We Love Stoke 31,617 905 (163) (5,919) (1,855)
24,585
We Love Tamworth 22,354 547 3 (653) (487)
21,764
We Love The Moorlands 32,833 1,741 (218) (6,114) (2,421)
25,821
Whittington 535,760 17,991 207 (24,804) (13,974)
515,180
Youth Endeavour 16,540 620 (1) (540) (595)
16,024
6,412,362 203,546 (39,354) (357,456) (320,327)
5,898,771
6,654,201 1,329,919 (1,360,118) - (320,327)
6,303,675

Page 42

The Community Foundation for Staffordshire

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2021

.

The specific purposes for which the funds are to be applied are as follows:

General Funds

Unrestricted funds to cover running costs and associated expenses of The Community Foundation.

The charity is actively seeking to obtain endowment funds with the intention of growing these funds to such a level that allows grants to be made from their investment yield.

Best Kept Village

Funds ring-fenced for administering the Best Kept Village competitions in Staffordshire and Shropshire.

Bishop Stamer

To support older and infirm people across North Staffordshire, making small grant awards to community groups, charities, public sector bodies and individuals.

Breath of Life

To support people with breathing difficulties and respiratory problems who are based in North Staffordshire, making small grant awards to community groups, charities and individuals.

Building a Stronger Britain

A fund to support community groups to expand community integration activities and to reduce the risk of extremism in their communities.

Burslem Community Fund

To support the education of young people in Burslem, one of the six towns of Stoke on Trent, making small grant awards to individuals.

CFS

A restricted fund to cover the future running costs of The Community Foundation, and for extraordinary events, where there is a wide public benefit to our service users.

Checkley Tean

To make small grant awards to people resident in Checkley and Upper Tean in the Staffordshire Moorlands at Christmas time.

Children’s Holiday Fund

To pay for holidays and educational trips for disadvantaged children resident in Stoke on Trent and part of the Staffordshire Moorlands.

Colin Line

A private endowment fund to support charities and community groups in Lichfield, as directed by the donor.

Connecting Communities

To support community cohesion activities for people resident in North Staffordshire.

Coventry Building Society

To support community activities in the area of a branch of Coventry Building Society, currently only available in Tamworth, through the allocation of small grant awards.

Covid-19 Lichfield Appeal

Funding to support organisations who are helping people directly affected by the coronavirus pandemic in Lichfield.

Page 43

The Community Foundation for Staffordshire

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2021

Covid-19 Local Appeal

Funding to support organisations who are helping people directly affected by the coronavirus pandemic in Staffordshire.

Covid-19 - Co-Op Shropshire

Funding from The Co-op to support organisations who are helping people directly affected by the coronavirus pandemic in Shropshire, with a particular focus on giving people access to food.

Covid-19 Co-Op Staffordshire

Funding from The Co-op to support organisations who are helping people directly affected by the coronavirus pandemic in Staffordshire, with a particular focus on giving people access to food.

Covid-19 - DCMS Shropshire

Funding from the Department of Culture, Media and Sport to support organisations who are helping people directly affected by the coronavirus pandemic in Shropshire.

Covid-19 DCMS Staffordshire

Funding from the Department of Culture, Media and Sport funding to support organisations who are helping people directly affected by the coronavirus pandemic in Staffordshire.

Covid-19 Whittington Appeal

Funding to support organisations who are helping people directly affected by the coronavirus pandemic in Whittington.

Duchy of Lancaster

The Duchy of Lancaster Benevolent funding to support organisations who are helping people directly affected by the coronavirus pandemic in and around Burton on Trent.

European Social Fund

European Union funding designed to develop the capacity of the community and to meet local needs. Part of this strategy is to help people increase their chances of finding work. Applications are open to organisations based or working within the county of Staffordshire to move people closer to employment, education or training.

Edward Wood Fund

To support the educational, social and emotional welfare of visually impaired children in Stoke on Trent.

GVC Onward Fund

This programme aims to support local communities and projects, with priority given to small, locally based organisations of disadvantage, run by people directly affected by the issues they are dealing with and that have a clear understanding of the needs they are supporting. The fund aims to increase local projects or activity, build skills of local people, increase community cohesion and respond to local social or economic needs.

High Sheriff Fund

To support small community and voluntary groups with general community activities.

Hilton Fund

To support the education and social welfare of residents of former mining areas in South Staffordshire, through the allocation of small grant awards to community groups, charities and individuals.

J & O Lloyd Fund

Strand one is to support community activities in East Staffordshire, primarily around the arts and leisure, buildings and natural environment, heritage, and social and community isolation.

Strand two is to provide bursaries to young people who may be going on to study at a University of Cambridge college, or an academy specialising in the arts.

Page 44

The Community Foundation for Staffordshire

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2021

John Flock Bentilee Empowerment Fund

To provide financial assistance to those in need on the Bentilee estate in Stoke on Trent. Awards are available to individuals, community groups and charities.

Kingsley Community Fund

To support community activities and development, with a strong focus on young people, in the parish of Kingsley in the Staffordshire Moorlands. Available only to locally based community groups and charities.

LGB Switchboard Fund

A fund that will be used to support the LGBT+ community of North Staffordshire. This fund is not currently accepting applications.

Lichfield Street Aid

A new fund for homelessness, in and around Lichfield.

Lost Days

A new private fund for Addiction and Recovery charities.

Maddocks, Burslem & Leicester

To provide financial assistance for the purposes of education to students in Stoke on Trent and Newcastle under Lyme through the allocation of bursaries.

Made by Sport Shropshire

Made By Sport funding will support organisations offering “sport for development” opportunities to young people. The aim of the fund is to support and save clubs in Shropshire from closure and to get them back on their feet following the pandemic.

Made by Sport Staffordshire

Made By Sport funding will support organisations offering “sport for development” opportunities to young people. The aim of the fund is to support and save clubs in Staffordshire from closure and to get them back on their feet following the pandemic.

Made in Stoke

New multi-partnership area fund for Stoke on Trent.

The Malam Fund

To support general community causes, with a preference for health related causes, in Stoke on Trent. The fund is available to individuals, community groups and charities.

Mo Chaudry Fund

A private endowment fund to support community sports causes, and to offer assistance to athletes with potential.

NET Shropshire

National Emergencies Trust funding to support organisations who are helping people directly affected by the coronavirus pandemic in Shropshire

NET Staffordshire

National Emergencies Trust funding to support organisations who are helping people directly affected by the coronavirus pandemic in Staffordshire.

People Power Fund

To support community safety and reassurance initiatives that are in line with the Police and Crime Commissioner’s priorities. The fund is available across Staffordshire to community groups and charities.

Page 45

The Community Foundation for Staffordshire

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2021

The Realise Fund

To support disadvantaged people across North Staffordshire, with a preference for education and employment, through the allocation of small grant awards.

The Rotary Fund

To support causes favoured by the Etruria Rotary Club in Stoke on Trent. Small grant awards are made to community groups, schools and charities.

Safer Roads Fund

To support local people to come up with workable ideas for road safety in their own communities. Small grant awards are available to community groups, resident associations and charities.

SBC Small Grants

To support community initiatives across the borough of Stafford. Small grant awards are available to community and voluntary groups and registered charities.

SBC Sports Fund

Stafford Borough Council funding to supporting sports clubs and promising sporting individuals in Stafford. There are 3 strands to this programme: a coaching fund to assist individuals with the Borough with the costs involved in undertaking a coaching certificate. A Grant Aid fund to support clubs with the cost of new equipment or improvements to their buildings or premises. A scholarship fund, to offer financial support to individuals who are in full time education and compete at County Level and above.

SCVYS

To support youth related activity across Staffordshire.

SDG Fund

Funding from Global Challenges Local Solutions European Grant Competition for rolling out Sustainable Development Goals.

Shropshire Flood Appeal

To support individuals, families and communities affected by the flooding in Shropshire.

Sir Stanley Matthews Foundation Fund

To support people across Staffordshire by providing access to sports training. Small grant awards are available to community and voluntary groups, and registered charities.

South Staffs Community Energy

To support renewable energy initiatives and environmental projects in southern Staffordshire. Small grant awards are available to community and voluntary groups, and registered charities.

Space Onward

Administration of Staffordshire’s Police Commissioner’s fund for fun and educational activities for young people in Staffordshire throughout the summer holidays and beyond.

Stafford Children’s Hospice Fund

To support hospices that support children who are based in the borough of Stafford.

Stafford Emergency Fund

To support emergency causes and to provide emergency assistance to individuals in the borough of Stafford.

Stafford Swallows Sports Fund

To support sports organisations working in Stafford borough, with a preference for those that are working with disabled people, or those trying to encourage disabled people to partake in sport.

Page 46

The Community Foundation for Staffordshire

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2021

Staffordshire Charitable Trust

To support local causes and community initiatives that will promote community cohesion and help to alleviate social or financial disadvantage across Staffordshire. Small grant awards are available to community and voluntary groups and registered charities.

Stoke Winter Warmth

Stoke on Trent City Council funding to support households in Stoke on Trent with their energy costs, and those having to choose between “heating and eating”.

Support Staffordshire

To support the voluntary sector in Staffordshire, either through the direct provision of grants, through the facilitation of bursary payments to enable organisations to access capacity building support, or any other purpose for the benefit of the communities of Staffordshire.

Surviving Winter

To support people over the winter months, where they may be at risk of health related problems or isolation due to the poorer weather. Small grant awards are made to individuals to help with heating costs, community groups and registered charities.

Tabitha Trust

A privately held endowment fund that is to support a range of causes such as mental health, refugee settlement and the advancement of education of girls and young women.

The Community Council

An endowment fund to support rurual communities in Staffordshire.

Tampon Tax

Funding from the tax on the sale of sanitary products, offering grants to organisations working with women and girls, to offer empowerment activities and to help them overcome barriers and difficulties in their personal or professional lives.

Transformation & Growth

A fund to support organisations working with people who are homeless, or at risk of becoming homeless, with funding to enhance their service provision and strengthen their organisation.

Vast Fund

To help to provide capacity building support to organisations in Staffordshire. Bursaries are made available to community and voluntary groups, and registered charities.

'We Love’ funds

A range of unrestricted funds covering every area of Staffordshire, that will provide support to community groups who are providing a facility or activity for their local community. Current areas include; Burton - We Love Burton Cannock Chase (whole district) – We Love Cannock Chase East Staffordshire (whole borough) – We Love East Staffordshire (Splitting into Burton/Uttoxeter funds) Lichfield (whole district) – We Love Lichfield Newcastle under Lyme (whole borough) – We Love Newcastle South Staffordshire (whole district) – We Love South Staffordshire Stafford (whole borough) – We Love Stafford, marketed as ‘Stafford Together’ Staffordshire (whole county) - We Love Staffordshire Staffordshire Moorlands (whole district) – We Love The Moorlands Stoke on Trent (whole city) – We Love Stoke on Trent Tamworth (whole borough) – We Love Tamworth Uttoxeter - We Love Uttoxeter

Page 47

The Community Foundation for Staffordshire

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2021

Whittington & Fisherwick Fund

To support individuals in need and community activity in the parish of Whittington and Fisherwick, within the Lichfield district. Small grant awards are available to individuals, community and voluntary groups.

Winter Warmth

Staffordshire County Council funding to support households in Staffordshire with their energy costs, and those having to choose between “heating and eating”.

Youth Endeavour Fund

To support young people who may need to overcome a financial barrier to reach their full potential or advance their education, social or emotional development. Small grant awards available to individuals.

Youth Social Action Fund

To support young people to take a more active role in their communities through youth led and inspired social action. The fund was expended and closed by March 2018.

#iwill Staffordshire

To support young people in Staffordshire to take a more active role in their communities through youth led and inspired social action.

#iwill Shropshire

To support young people in Shropshire to take a more active role in their communities through youth led and inspired social action.

#iwill Match

Match funding for the other #iwill funds.

Page 48

The Community Foundation for Staffordshire

(A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2021

20. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets
Intangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2021
£
3,920
6,000
-
212,562
479
222,961		 Restricted
funds
2021
£
-
-
-
603,280
(45,544)
557,736		 Endowment
funds
2021
£
-
-
7,478,459
2,889
-
7,481,348		 Total
funds
2021
£
3,920
6,000
7,478,459
818,731
(45,065)
8,262,045

Analysis of net assets between funds - prior year

Tangible fixed assets
Intangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2020
£
8,129
13,200
-
138,419
-
159,748		 Restricted
funds
2020
£
-
-
-
271,085
(25,929)
245,156		 Endowment
funds
2020
£
-
-
5,716,245
182,526
-
5,898,771		 Total
funds
2020
£
8,129
13,200
5,716,245
592,030
(25,929)
6,303,675

Page 49

The Community Foundation for Staffordshire (A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2021

21. Reconciliation of net movement in funds to net cash flow from operating activities

Net income/expenditure for the year (as per Statement
Activities)
Adjustments for:
Depreciation charges
Amortisation charges
(Gains)/Losses on investments
Dividends, interests and rents from investments
Increase in debtors
Increase in creditors
Net cash provided by/(used in) operating activities
22.
Analysis of cash and cash equivalents
Cash in hand
Total cash and cash equivalents
23.
Analysis of changes in net debt
Cash at bank and in hand		 of Financial
At 1 April
2020
£
551,908
551,908		 2021
£
1,958,370
4,678
7,200
(1,359,425)
(168,146)
(73,840)
19,136
387,973
2021
£
704,770
704,770
Cash flows
£
152,861
152,861		 2020
£
(350,526)
4,240
1,200
320,327
(182,591)
(5,034)
4,770
(207,614)
2020
£
551,908
551,908
At 31 March
2021
£
704,769
704,769

24. Pension commitments

The Community Foundation operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the The Community Foundation in an independently administered fund. The pension cost charge represents contributions payable by The Community Foundation to the fund and amounted to £9,299 (2020: £8,287). Contributions totalling £380 (2020: £4,214) were payable to the fund at the balance sheet date and are included in creditors.

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The Community Foundation for Staffordshire (A Company Limited by Guarantee)

Notes to the Financial Statements For the Year Ended 31 March 2021

25. Related party transactions

During the year the charity made the following related party transactions:

VAST Services (1920)

VAST Services (1920) was one of 16 members of The Community Foundation for Staffordshire during the financial year. During the year The Community Foundation for Staffordshire made purchases of £Nil (2020: £322) from VAST, while grants totalling £70,000 (2020: £5,000) were paid to VAST. At the balance sheet date the amount due to VAST Services (1920) was £46 (2020: £46).

SCVYS

SCVYS was also a member of The Community Foundation for Staffordshire during the financial year. Grants totalling £48,217 (2020: £Nil) were paid to SCVYS. At the balance sheet date the amount due to/from SCVYS was £Nil (2020: £Nil).

Simon Price

(Trustee of The Community Foundation for Staffordshire and Director of Arthur Price & Co Limited) Simon Price made donations to the charity of £Nil (2020: £1,188). At the balance sheet date the amount due to/from Simon Price was £Nil (2020: £Nil).

Ford Green Hall Museum

(N Dawson a member of The Community Foundation for Staffordshire and a trustee of Ford Green Hall Museum during the year).

Ford Green Hall Museum was given a grant of £750 (2020: £750). At the balance sheet date the amount due to/from Ford Green Hall Museum was £Nil (2020: £Nil).

Signposts Stafford

(C Almond a trustee of The Community Foundation for Staffordshire and a director of Signposts Stafford).

Signposts Stafford were given a grant of £10,522 (2020: £Nil). At the balance sheet date the amount due to/from Signposts Stafford was £Nil (2020: £Nil).

Rising Brook Baptist Church

(C Almond a trustee of The Community Foundation for Staffordshire and a trustee of Rising Brook Baptist Church).

Rising Brook Baptist Church were given a grant of £1,600 (2020: £Nil). At the balance sheet date the amount due to/from Rising Brook Baptist Church was £Nil (2020: £Nil).

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