2021-03-31-accounts - Northamptonshire Community Foundation

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INDEX				Page
Legal and	Administrative	information
Report ofthe Trustees				3-18
Statement	of Trustees'	Responsibilities		19
Independent Report of		the Auditor		20-23
Accounting	Policies			24-25
Statement	of Financial	Activities		26
Summary	Income and Expenditure		Account	27
Statement	ofCash Flows			28-29
Balance Sheet				30
Notes to the Financial		Statements		31 -47
Appendix	1:Grants Payable

LEGAL AND ADMINISTRATIVE	LEGAL AND ADMINISTRATIVE	LEGAL AND ADMINISTRATIVE	LEGAL AND ADMINISTRATIVE
Chadity Name:				Northamptonshire		Communiiy			Foundation
Company	Registration		Number:	4269030
Charity Registration		Number:		1094646
Registered	Office'			18Albion Place
				Northampton
				NN1 1UD
Trustees:				Paul Southworth	OBE,		DL (Chair)
				Peter Borley-Cox
				Debra Charles
				Liam Condron (appointed				01	January	2021)
				Stephen Edmonds		(resigned			15July	2020)
				Joanna Gordon
				Jenny Jackson-Stops
				Janine Jepson
				David Knight
				Rachel Mallows MBE,			DL	(appointed		01January 2021)
				Deirdre Newham	MBE, DL, JP, MA(Hon)
				Paul Parsons
				Hassan Shah
Company	Secretary:			Kevin Smith (resigned 24 Jessica Cotton (appointed				August 2020) 24 August 2020, resigned 03 March
				2021)
				Victoria Miles (appointed				03 March 2021)
Chief Executive				Victoria Miles DL
Main Bankers:				Unity Trust Bank	pic
				Planetary Road
				Willenhall
				WV1 9DG
Solicitors:				Hewitsons LLP
				Elgin House
				Billing Road
				Northampton
				NN1 5AU
Auditors:				Hardie &Co
				2 Pavilion Court
				600 Pavilion Drive
				Norlhampton
				NN4 7SL
Investment	Managers:			Rathbone Investment			Management
				The Colmore Building
				20 Colmore Circus		Queensway
				Birmingham
				B46AT
				CCLA
				Senator House
				65Queen Victoria		Street
				I ondon
				EC4V4ET
				Hargreaves Lansdown
				One College Square South
				Anchor Road
				Bristol
				BS1 5HL

identified, mitig	identified, mitig	ating	actions a	re	i	dentified	and timescales a	greed for the	ir implementation.	ir implementation.
The Trustees		have	identified	the		following	key risks for the	organisation	along with the mitigating actions to be
undertaken
Risk T	e		Potential		Risk		Likelihood	Im act	Miti atin Actions
Governance			Loss of	key		staff	Medium	High	Succession planning, documentation systems plans and projects, agreed	of
									notice periods and clear recruitment
									rocesses
Operational			Competition from similar organisations				Medium	High	Monitor and assess performance and quality ofservice, review market and
									methods ofservice delivery, clear fund-
									raising strategy, regular contact with
									funders/supporters, monitor public
									awareness and profile ofthe
									Foundation
Environmental or External factors			Relationship fund ere			with	Medium	High	Regular contact and briefings, report fully on projects, meet funders terms
									and conditions

ATEMENT OF FINANCIAL	ACTIV	ITIES FO	ITIES FO	R THE YEAR E	NDED 31 MA	RCH 2021
		Notes		Unrestricted	Res'trlcted	Endowment	Total	Total
				Funds	Funds	Funds	2021	2020
				8	8		8
								Note 1
Income and endowments
from: Donations and legacies Charitable activities Investments Other			2 3 4 5	27,165 79,774 8,321	301,847 1,268,038 1,510 8,000	2,752,914 328,108	3,081,926 1,347,812 337,939 6,000	6,247,609 563,666 284,294 5,861
Total income				115,260	1,577,395	3,081,022	4,773,677	7,101,430
Expenditure on: Raising funds			7	159,373		55,077	214,450	208,123
Charitable activities: Grants payable Expenditure on charitable			6 7	255,533	1,673,500 170	883,997	2,557,497 255,703	1,240,912 229,523
activities
Total charitable activities				255,533	1,673,670	883,997	2,813,200	1,470,435
Total expenditure				414,906	1,673,670	939,074	3,027,650	1,678,558
Net (expenditure)/income	before	net	8	(299,646)	(96,275)	2,141,948	1,746,027	5,422,872
gains/(losses) on investments
Net gains / (losses) on		11(b)		120,450	20,474	2,890,814	3,031,738	(1,188,788)
investments
Net (expenditure)/income				(179,196)	(75,801)	5,032„762	4,777,765	4,234,084
Transfers between funds		16/18		261,965	57,882	(319,847)
Net movement in funds				82,769	(17,919)	4,712,915	4,777,765	4,234,084
Reconciliation offunds: Total funds brought forward				196,583	535,953	14,360,977	15,093,513	10,859,429
at 1 April 2020
Total funds carried forward				279 352	518034	19D73 892	19)871278	15)093513
at 31 Nlarch 2021

ANNUAL REPORT AND FINANCIAL STATENIENTS FOR THE YEAR ENDED 31 MARCH 2021	ANNUAL REPORT AND FINANCIAL STATENIENTS FOR THE YEAR ENDED 31 MARCH 2021	ANNUAL REPORT AND FINANCIAL STATENIENTS FOR THE YEAR ENDED 31 MARCH 2021	ANNUAL REPORT AND FINANCIAL STATENIENTS FOR THE YEAR ENDED 31 MARCH 2021
SUMMARY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021
			2021	2020
Income Net gains I(losses) on investments Interest and investment income			1,682,824 140,924 9,831	698,356 (64,177) 9,713
Gross income			1 833579	643,892
Transferred from endowment restricted funds	fund to		59,776	36,782
Transferred from endowment income funds for expending	fund as		260,071	270,140
Total income			2 153426	950,814
Grants payable Expenditure Depreciation and charges for	impairment	offixed assets	1,673,500 403,529 11,547	544,684 377,519 9,602
Total expenditure			2,088,576	931,805
Net income before tax for the	reporting	period	64,850	19,009
Tax payable
Net income for the financial	year		64,850	19,009

ATEMENT OF CASH FLOWS FOR THE Y	EAR	ENDED	31 MAR	CH 2021
					Total	Total
					2021f	2020f
Cash flows from operating activities: Net cash provided by (usedin) operating	activities				(1,242,348)	(936,393)
Cash flows from investing activities: Dividends, interest and rents from investments Purchase of property, plant and equipment					307,829 (1,541)	280 165 (4,680)
Proceeds from sale of investments					53,624	178,556
Purchase of investments					(1,850,000)	(4,260,000)
Net cash provided by (used in) investing	activities				(1 490 088)	(3 805 959)
Cash flows from financing activities:
Receipt of endowment					2,939,970	5,549,370
Net cash provided by (used in) financing	activities				2,939,970	5,549,370
Change in cash and cash equivalents in	the	reporting	period		207„534	807,018
Cash and cash equivalents at the beginning		ofthe reporting		period	1,094,665	287,647
Cash and cash equivalents at the end of	the	reporting	period		1,302,199	1,094,665

TIVITIES FOR THE YEAR ENDE	D 31 MAR	CH 2021
			Total	Total
			2021f	2020f
N et income Iexpenditure			64,850	19,009
Adjustments for: Transfers from endowment funds Grants payable from endowment	funds		(319,847) (883,997)	(306,922) (696,228)
Expenditure paid from endowment Depreciation	funds		11,547	(447) 9,602
(Gains) / Losses on investments Dividends, interest and rents from (Increase) / Decrease in debtors Increase / (Decrease) in creditors	investments		(140,924) (9,831) (51,467) 87,321	64,177 (9,713) (7,955) (7,916)
Net cash provided by (used in)	operating	activities	(1,242,348)	(936,393)

ALY	SIS OF CASH AND CASH EQUIVALENTS FOR TH	E YEAR ENDED 31 MARCH 2021
		Total	Total
		2021f	2020f
Cash Cash	in hand and at bank deposit accounts	287,540 1,014,659	23,861 1,070,804
Total	cash end cash equivalents	1,302,199	1,094,665

NAL	YSIS OF CHANGES IN NET D	EBTFOR THE YEAR EN	DED 31 MAR	CH 2021
		At start of	Cash	At end of
		yearf	Flows f	year f
Cash	in hand and at bank	23,861	263,679	287,540
Cash	deposit accounts	1,070,804	(56,145)	1,014,659
Total		1,094,665	207,534	1,302,199

ALANCE SHEET AS AT	31	MARCH 2	021
		Notes	Unrestricted Funds 6	Restricted Funds 9	Endowment Funds 8	Total 2021 9	Total 2020 6
Fixed assets Tangible assets Investments		11(a) 11(b)	54,701 165,255	241,542	18,118,707	54,701 18,525,504	64,707 13,745,655
Total Fixed Assets			219,956	241,542	18,118,707	18,580,205	13,810,362
Current assets Debtors and prepayments Cash at bank and in hand		12	9,887 59,876	62,182 297,766	73,428 944,557	145,497 1,302,199	266,925 1,094,665
			69,763	359,948	1,017,985	1,447,696	1,361,590
Creditors —amounts falling due in less than	1	13	(10,367)	(83,456)	(62,800)	(156,623)	(78,439)
year:
Net current assets			59,396	276,492	955,185	1,291,073	1,283,151
Total assets less current			279,352	518,034	19,073,892	19,871,278	15,093,513
liabilities
Funds
Unrestricted Funds Restricted Funds Endowment Funds Revaluation Reserve		17 18 16	59,883 219,469	497,900 20,134	16,359,912 2,713,980	59,883 497 900 16,359,912 2,953,583	78,114 532035 14,224,418 258,946
Total Funds			279,352	518,034	19,073,892	19,871,278	15,093,513

STATEMENT OF FINANCIAL ACTIVITIES FOR	STATEMENT OF FINANCIAL ACTIVITIES FOR	STATEMENT OF FINANCIAL ACTIVITIES FOR	THE YEAR ENDED 31 MARCH 2020	THE YEAR ENDED 31 MARCH 2020	THE YEAR ENDED 31 MARCH 2020
		Notes	Unrestncted	Restricted	Endowment	Total
			Funds	Fundsf	Funds 5	2020f
Income and endowments Donations and legacies Charitable activities	from:		20,018 52,874	108,811 510,792	6,118,780	6,247,609 563,666
Investments Other			8,509 3,361	1,204 2,500	274,581	284,294 5,861
Total income			84,762	623,307	6,393,361	7,101,430
Expenditure on: Raising funds		7	157,598		50,525	208,123
Charitable activities:
Grants payable		6		544,684	696,228	1,240,912
Expenditure on charitable	activities	7	228,253	1,270		229,523
Total chadtable activities			228,253	545,954	696,228	1,470,435
Tots I expenditure			385,851	545,954	746,753	1,678,558
Net (expenditure)/income	before net	8	(301,089)	77,353	5,646,608	5,422,872
(losses) on investments
Net losses on investments			(55,929)	(8,248)	(1,124,611)	(1,188,788)
Net (expenditure)/income			(357,018)	69,105	4,521,997	4,234,084
Transfers between funds			271,223	35,699	(306,922)
Net movement in funds			(85,795)	104,804	4,215,075	4,234,084
Reconciliation offunds: Total funds brought forward			282,378	431,149	10,145,902	10,859,429
at 1 April 2019
Total funds carried forward			196,583	535,953	14,360,977	15,093,513
at 31 March 2020

TO THE FINANCIAL STATEMENTS (con	tinued)
Donations and legacies		2021	2020 8
Unrestricted Funds Avon Cosmetics ENGIE Friends ofthe Foundation Harris &Co.		5,674 4,800	1,000 994 4,935 4,800
SEGRO St.Giles Charities Estates Northampton The Wilson Foundation Other Total unrestricted funds		8,187 2,727 714 5,063 27,165	2,727 5,562 20,018
Restricted Funds Avon Female Empowerment Fund Bambino Mio Fund Briggs & Forrester Fund Carlsberg UK ENGIE Fair Deal for Kids Campaign Friends ofthe Foundation Fund High Sheriff Scholarship Fund Lieutenancy Emergency Fund Mick and Sheila White Fund		6,000 (450) 11,874 144 41,922 2,500	10,000 23,037 7,588 12,140 1,495 10,235 144 6,250
NET DCMS Coronavirus Fund		10,000
NET Response and Recovery Fund Royal & Derngate Hardship Fund SEGRO St.Giles Charities Estates Northampton St.Johns Surviving Winter Fund —Northamptonshire The Wilson Foundation Other Total restricted funds	Fund	83,622 26,828 68,227 27,273 2,772 6,326 14,286 523 301,847	27,272 10,650 108,811

O THE FINANCIAL STATEMENTS (con	tinued)
onations and legacies (continued)				2021	2020 6
(b) Constance Travis Charitable	Trust	Endowment	Match
Challenge Funds Alistair James Memorial Trust Fund Burnett Family Fund Cecil Pettit Fund Constance Travis Charitable Trust				400,000 480,247	5,000 4,719 660,254
Food 4 Heroes Friends ofthe Foundation Fund Hevey Building Supplies Fund JKLM Foundation Fund John Armitage Chantable Trust Fund Lesley Church Memorial Fund Mark Taylor Charitable Trust Fund Northamptonshire Educational Trust Fund Northamptonshire High Sheriffs Initiative Fund Other The Kenneth Fund The Smith Family Fund The Suede Respite Fund Total constance travis charitable trust		endowment	match	401,805 4,069 50,000 120 499 100,000 1,436,740	10,235 5,000 386,000 50,000 391,164 145,357 7,903 5,176 961 258,160 833 50,000 1,980,762
challenge funds
(c) All other Endowment Funds Alistair James Memorial Trust Fund Constance Travis Charitable Trust Fund DEL Northamptonshire Fund Food 4 Heroes Friends ofthe Foundation JKLM Foundation Fund Northamptonshire High Sherifl's Initiative Other The Smith Family Fund The Suede Respite Fund Total other endowment funds	Fund			3,750 1,000,000 70,000 54,216 7,805 3,725 1,074 604 175,000 1,316,174	1,250 4,000,000 115,295 8,500 25 240 208 12,500 4138018
Total endowment funds				2,752,914	6,118,780
Total income from donations and legacies				3,081,926	6,247,609

TO THE FINANCIAL STATEMENTS (conti	nued)
Charitable activities			2021	2020
				6
f
Unrestricted Funds
Anglian Water Positive Difference Fund Barclays Grant Fund Burton Wold Wind Farm			6,319 2,357 5,322	5,247
Co-op Food Fund Heart of England Community Foundation Kingswood and Hazel Lays Big Local Made by Sport Nationwide Programme NET DCMS Coronavirus Fund			858 3,685 11,300	175 2,727 1,000
NET Response and Recovery Fund			28,122	2,400
NET QC Foundation Fund New Albion Wind Farm			235 3,204	3,156
Other			1,734
Re;store: Northampton Royal London Fund Sir George Earls Trust Fund Tampon Tax The London Marathon Charitable Trust			8,120 150	6,266 800 300 2,052 12,500
Winwick Wind Farm			2,622	2,597
Yelvertoft Wind Farm			5,746	5,654
¹iwill Fund in partnership with The Wilson Total unrestricted funds	Foundation		79,774	8,000 52,874
Restricted Funds
Anglian Water Positive Difference Fund Barclays Grant Fund Burton Wold Wind Farm Community Benefit Fund Co-op Food Fund Coventry Community Building Society Fund Heritage Lottery Fund —Generosity Heritage Trail Kingswood and Hazel Lays Big Local Community Made by Sport NET DCMS Coronavirus Fund		Chest Fund	105,768 47,143 53,216 16,310 46,065 289,454	52,474 1,750 9,216 27,272
NET Response and Recovery Fund NET QC Foundation Fund New Albion Wind Farm			556,469 4,740 32,040	50,250 31,558
Northamptonshire Federation of Disability Sport Northamptonshire Police 8 Ctime Commissioner Royal London Fund Sir George Earls Trust Fund Tampon Tax The London Marathon Charitable Trust			3,145	1,331 (19,023) 10,0OO 5,059 35,895 112,500
Winwick Wind Farm Community Benefit Fund Yelvertoft Wind Farm Community Benefit Fund ¹iwill Fund in partnership with The Wilson Foundation Total restricted funds			26,226 57,462 30,000 1,268,038	25,966 56,544 110,000 510,792
Total income from charitable activities			1,347,812	563,666

NOT	ES TO THE FINANCIAL STATEMENTS (continued)
	Investment income	2021f	2020f
	Fixed asset investments Interest on bank accounts	337,224 715	282,454 1,840
	Total investment income	337,939	284,294
	Other income	2021f	2020f
	Sundry income	8,000	5,861
	Total other income	6,000	5,861
6	Charitable activities	2021f	2020f
	Grants payable (Appendix 1) individuals Groups	77,408 2,480,089	135,403 1,105,509
	Total grants payable	2,557,497	1,240,912

Analysis ofsupport	Analysis ofsupport	costs
Support cost		Raising		Charitable	Total	Basis ofAllocation
		funds		activities
Staff	costs	K132,694		K179,899	6312,593	Direct	staff cost
Other	staff related costs	K2,329		K11,140	K13,469	Direct	staff cost
Contracted-out services				618,720	K18,720	Activi	based
Governance				79,600	K9,600	Direct	cost
Investment Mana ament		K55,077			K55,077	Direct	cost
		K3,725		K10,573	K14,298	Activi	based
PR &	Marketin	K2,972		f500	K3,472	Activi	based
General office costs		f17,653		K25,271	K42,924	Usa e allocation
Total		K214,450		8255,703	K470 153
	Cost ofraising funds						2021	2020
							K	K
	Staff salaries						132,694	114,982
	Other staff-related costs						2,329	14,243
	Consultancy fees Publicity &marketing						2,972	540 11,390
	Investment Management fees						55,077	50,078
	Office expenses						21,378	16,890
	Total cost of raising	funds					214,450	208,123
	Grant support costs Staff salaries						179,899	139,260
	Other staff-related costs						11,140	8,399
	Rent &rates						1,536	1,606
	Office furniture &equipment Telephones, postage, printing ITSupport + expenditure Consultancy fees Audit fees		& stationery				151 3,864 10,573 18,720 9,600	90 3,390 12,436 30,680 9,600
	Depreciation Office refurbishment						11,547	9,602 138
	Other						8,673	14,322
	Total cost ofcharitable activities						255,703	229,523
8	Net expenditure for	the year
	This is stated after charging:						2021	2020
							K	K
	Staff pension contributions Depreciation Auditor's fees						9,234 11,547 9,600	7,543 9,602 9,600

NOT	ES TQ THE FINANCIAL STATEMENTS (continued)	ES TQ THE FINANCIAL STATEMENTS (continued)
9	Trustees and Employees		2021f	2020f
	Salaries Social Secunty Pension costs	costs	279,307 24,052 9,234	227,093 19,606 7,543
	Total employee	salary costs	312,593	254,242

mber ofemployees (full-time	equivalent) was 8.16(2	020:7.13).
	Average	headcount	Average	number of
				employees
			(full time	equivalent)
	2021	2020	2021	2020
Management Administration	2 6.67	2 5.33	2 6.16	2 5.13
Total	8.67	7.33	8.16	7.13

ixed Assets
	Leasehold	IT	Telecoms	Other	Total
	Improvements	Equipment 6	Equipment 6	Equipment 6
Cost at 1 Apdil 2020	100,891	23,196	6,398	2,856	133,341
Additions during the year		1,541			1,541
Cost at 31 March 2021	100,891	24,737	6,398	2,856	134,882
Depreciation at 1 April 2020	42,098	17,282	6,396	2,856	68,634
Charge for the year	8,710	2,837			11,547
Depreciation at 31 March	50,808	20,119	6,398	2,856	80,181
2021
Net Book Value
At 31 March 2021	50,083	4,618			54,701
At 31 March 2020	58,793	5,914			64,707

ixed Ass	et Investments
		Unrestricted	Restricted	Endowment	Total	Tots I
		Funds	Funds	Funds 6	2021 f	2020 8
Valuation Additions	at 1 April 2020	92,794	231,574	13,421,287 2,732,319	13,745,655 2,732,319	10,496,667 5,159,804
Disposals Realised	(losses) / gains on	(47,989) 19,450	(10,506) 4,258	(925,713) 313,393	(984,208) 337,101	(722,028) 181,058
disposals Increase	during the year / (decrease) in	101,000	16,216	2,577,421	2,694,637	(1,369,846)
market value during the year
Valuation	at 31 March 2021	165,255	241,542	18,118,707	18,525,504	13„745,655

Fixed Asset Investments (continu	Fixed Asset Investments (continu	Fixed Asset Investments (continu	ed)	ed)
Investments are all listed and held			in funds		held with a variety	of Open Ended Investment	Companies
and Unit Trusts. These investments			are analysed as follows:
						2021 6		2020 f
Collective Equities Fixed Income						11,929,014 1,682,749		9,138,299 764,583
Commercial Property Multi-Asset I Infrastructure						280,749 2,687,419		836,840 2,037,731
Other						1,945,573		968,202
Total Fixed Asset Investments						18,525,504	13,745,655
At 31 March 2021, the following		holdings		within the investment		porffolio represented more	than	5'/o of
the value of the fund.
						Value
						6
CCLA COIF Chadities	Investment		Fund			7,198,694		38.86
SPDR Series Trust S&P500		EFT				1,240,937		6.70
Debtors
						2021		2020
						8		8
Prepayments &accrued income Other debtors						65,557 79,940		250,344 16,581
Total debtors						145,497		266,925
Creditors
						2021		2020
						6		6
Committed grants Accruals						129,946 20,973		50,396 23,985
Other creditors						5,704		4,058
Total creditors						156,623		78,439

NOT	ES TO THE FINANCIAL STATEMENTS (continue
16	Endowment Funds
				Balance	Income	Expenditure	Transfers	Balance
				b/fwd				Mfwd
				8	6			8
	Alistair James Memorial Trust Fund			4,586	4,660		(65)	9,181
	Colas and Rice Fund			307,170	58,626	(5,850)	(4,969)	354,977
	Constance Travis Charitabte Trust Fund Corby Parochial Charities Fund Corby Village Community Association Fund David Laing Family Endowment Fund DEL Northamptonshire Fund Food 4 Heroes Endowment Fund			3,524,455 14,176 30,428 41,171 31,090	1,740,492 2,727 5,848 7,901 75,617 56,197	(98,780) (66,769)	93,555 (178) (496) (1,816) (4,439)	5,259,722 16,725 35,780 47,256 35,499 56,197
	Fredericks Regional Growth Fund Friends ofthe Foundation Endowment Fund Henry Martin Centenary Endowment Fund JKLM Foundation Fund			97,650 42,777 21,393 7,517	(34,564) 16,307 3,819 1,298	(9,462) (3,000)	(53,624) (620) (1,415) (105)	58,464 23,797 5,710
	Mick and Shwla White Fund Northamptonshire High Sheriffs Initiative Endowment Northamptonshire Education Trust Endowment Fund Permanent Endowment Fund		Fund	27,710 133,429 96,315 294,575	5,290 29,456 18,500 57,759		(402) (1,929) (3,467) (4,808)	32,598 160,956 111,348 347,526
	the Compton Fund for Arts, Culture and Heritage The Probation Officers Samaritans Trust Fund	in	Northamptonshire	556,708 32,962	105,252 6,267	(25,295)	(4,437) (1,016)	632,228 38,213
	The Smith Family Fund The Suede Respite Fund			399 53,339 5,317,850	1,113 190,875 2,353,440	(10,000) (219,156)	(10) (1,308) 8,451	1,502 232,906 7,460,585

NOT	ES TO THE FINANCIAL STATEMENTS (continued)
18	Endowment Funds (continued)		Balance	Income	Expenditure	Transfers	Balance
			b/fwd				c/fwd
			6				y.
	Grassroots Endowment Funds:
	Burnett Grassroots Endowment Fund Cave 8 Sons Grassroots Endowment Fund Cecil Pettit Grassroots Endowment Fund General Grassrools Endowment Fund Genesis Housing Grassroots Endowment Fund Henry Martin Centenary Grassroots Endowment Fund Jonathan Pearson Grassroots Endowment Fund Northamptonshire High Sheriffs Initiative Grassroots Endowment Spire Homes Grassroots Endowment Fund Sutton Sassett Village Trust Gressroots Endowment Fund Wooden Spoon Grassroots Endowment Fund Total Grassroots Endowment funds	Fund	189,145 11,598 82,134 10,618 46,485 16,147 228,317 154,879 4,111 139,661 883,095	36,357 2,229 14,712 (848) 8,211 667 1,505 43,736 29,799 791 26,135 163,294	(12,800) (55,077) (15,000) (8,764) (2,000) (11,800) (7,200) (112,641)	(3,084) (189) (1,243) 53,644 (497) 8,097 (14,080) 5,110 (1,947) (52) 82 45,841	222,418 13,638 82,803 8,337 39,199 1,572 265,363 182,731 4,850 158,678 9T9,589

NOTE	S TO THE FINANCIAL STATEMENTS (continued)
16	Endowment Funds (continued)
		Balance	Income	Expenditure	Transfers	Balance
		b/fwd E				cNwd 8
	Community First Endowment Funds: Always a Chance Community First Endowment Fund Burnett Community First Endowment Fund Constance Travis Community First Endowment Fund David Laing Family Community First Endowment Fund Friends ofthe Foundation Community First Endowment Fund General Community First Endowment Fund Henry Martin Centenary Community First Endowment Fund Hevsy Building Supplies Community First Endowment Fund John Armitage Community First Endowment Fund Margaret Giffen Community First Endowment Fund Northamptonshire High Shenfrs Initiative Community Fest Endowment Northamptonshire St John's Ambulance Community First Endowment Rachael's Fund The Compton Community First Endowment Fund The Northampton Ocean's Institute Community First Endowment Fund Wegingborough Relief in Need Community First Endowment Fund Wilson Browne Community First Endowment Fund Wooden Spoon Community First Endowment Fund Total Community First Endowment funds	214,006 53,409 1,673,825 395,096 128,435 7,825 100,003 25,699 198,016 229,572 Fund 38,319 Fund 17,358 25,031 64,769 1,805,303 25,813 18,863 33,396 5,054,738	52,641 14,151 411,596 104,237 31,734 1,873 24,626 5,840 47,655 60,214 9,481 4,274 4,8« 15,973 468,988 6,839 4,968 8,236 1,278,139	(4,910) (5,000) (24,018) (129,600) (183,528)	V7,685) (708) (146,307) (16,586) (8,935) (76) (8,290) (1,685) (2,816) (2,951) (2,617) (1,439) (408) (5,285) (22,999) (342) (252) (2,725) (242,106)	248,962 66,852 1,939,116 482,747 151,234 4,712 116,339 29,854 237,855 262,817 45,183 20,193 29,434 75,457 2,121,692 32,310 23,579 38,907 5,927,243

NOT	ES TO THE FINANCIAL STATEMENTS (continued)
16	Endowment Funds (continued)
			Balance	Income	Expenditure	Transfers	Balance
			b/fwd 6				clfwd 6
	Constance Trsvis Endowment Match Challenge Endowment Alistair James Memorial Trust Fund Constance Travis EMC Fund Always a Chance Constance Travis EMC Fund Burnett Constance Travis EMC Fund Cecil Pettit Constance Travis EMC Fund David Laing Family Constance Trsvis EMC Fund Food 4 Heroes Constance Travis EMC Fund Friends ofthe Foundation Constance Travis EMC Fund General Constance Travis EMC Fund Hevey Building Supplies Constance Travis EMC Fund JKLM Foundation Constance Travis EMC Fund John Armitage Constance Travis EMC Fund John Salmon Legacy Constance Travis EMC Fund Lesley Church Memorial Constance Travis EMC Fund Margaret Giffen Constance Trsvis EMC Fund Mark Taylor Charitable Trust Constance Travis EMC Fund Mick and Sheila White Constance Travis EMC Fund Northamptonshire Education Trust Constance Travis EMC Fund Northamptonshire High Sheriffs Initiative Constance Travis EMC Sutton Bassett Vigege Trust Constance Travis EMC Fund The Kenneth Fund Constance Travis EMC Fund The Smith Family Constance Travis EMC Fund The Suede Respite Fund Constance Travis EMC Fund	Funds: Fund	27,033 53,071 3,364 785,780 25,606 36611 11,208 6,724 500,089 33,679 124,885 536.937 135,496 189,543 5,700 36,757 9.218 177 432,454 2,390 148,572	5,201 10,097 600,000 151,184 4,914 636,674 13,824 88,269 1,282 96,217 87,472 22,577 103,271 26,070 35,742 1,089 7,071 1,766 34 82,545 1,309 200,355	(425,249) (5,000) (13,500)	(340) (1,436) (14,000) (9,879) (1,130) (10,203) (421) (700) (164) (6,287) (50,795) (11,467) (6,741) (1,704) (7,332) (83) (462) (81) (2) (5,358) (37) (3,411)	31,894 61,732 589,364 927,085 29,390 201,222 50,014 98,777 7,842 590,019 70,356 135,995 628,467 159,862 217,953 6,706 43,366 10,903 209 496,141 3,662 345,516
	Total Constance Travis Endowment Match Challenge Endowment tunds		3,105,294	2,176,963	(443,749)	(132,033)	4,706,475
	Total Endowment funds		14,360,977	5,971,836	(939,074)	(319,847)	19,073,892

NOTE	S TO THE FINANCIAL STATEMENTS (conti	S TO THE FINANCIAL STATEMENTS (conti	nued)
18	Restricted Funds Balance		Income	Expenditure	Transfers	Balance
		b/fwd				c/fwd 6
	Always a Chance Anglian Water Positive Differenc Avon Fund for Women and Girls	13,758 e 2 687	4,417 105,768 540	(11,670) (105,768) 2,900	15,794	22,299 6,127
	Bambino Mio Fund		6,000	(6,000)
	Barclays Grant Fund Briggs & Forrester Burton Wold Wind Farm Fund		47,143 2,171 53,217	(20,000) (5,700)	(47,143) (1,200)	7,913 124,375
	Co-operative Food Fund Coventry Building Society Fund DCMS Response and Recovery DLF Adrenaline Alley Loan ENGIE Fund	469	16,310 299,454 7,080 2,135	(16,310) (293,625)	(469) (5,829)	10,402 15,870
	Fair Deal for Kids Campaign Foodbanks Fund Friends ofthe Foundation Fund Hevey Building Supplies Fund High Sheriff Scholarship Fund KHL Big Local Fund Lieutenancy Emergency Fund Made by Sport Fund Mick and Sheila White Fund NET Response and Recovery New Albion Wind Farm Fund	10,587 13,320 24,173 206 58,787 6,724	315 9,524 12,591 206 2,723 44,453 46,065 2,587 644,832 32,040	463 (16,000) (2,500) (796,254) (25,496)	(2,109) 5,939 (10,587) 1,412 (12,350) 234 92,635	15,463 12,591 1,618 16,043 24,636 16,103 46,065 527 13,268
	Northamptonshire Federation of Disability Sport Fund Northamptonshire Literary Fund	7,029 1,311	254			7,029 1,565
	Northamptonshire Sporting Champions Fund 14 Northamptonshire St.Johns Fund 6,667 Red Cross Northampton Fund Royal 8 Derngate Hardship Fund SEGRO Fund Scotts of Thrapston Fund 8,627 Sir George Earle Trust Fund		3,672 299 27,128 69,891 1,628 3,145	(4,000) (25,391) (53,462) (5,000) (3,145)	(I4) 1,223	7,562 299 1,737 16,429 5,255
	St.Giles Charities Estates Northampton Fund	3,574	27,273	(26,115)	(3,574)	1,158
	Surviving Winter Fund Northamptonshire Tampon Tax Fund Tech4Kids Fund	10,651 125	6,326 4,994	(15,289) (28,993)	(125) 23,999	1,688
	The Carlsberg UK Fund	4			(4)
	The London Marathon Charitable Trust Fund Winwick Wind Farm Fund Yelvertoft Wind Farm Fund	112,500 4,838 92,791	26,226 57,462	(112,550) (26,231) (20,700)	50	4,833 129,553
	¹iwill Fund in partnership with The Wilson Foundation	34,460	30,000	(56,834)		7,626
	Total restricted funds	535,953	1,597,869	(1,673,670)	57,882	518,034

ancell	able	operating leases in t	he year to 31	March 2022:
			Land and	buildings	Other
			2020/2021	2019/2020	2020/2021	2019/2020
Operating		leases which expire:
Within	1 year				245	245
Between		2 and 5years		4	979	979
Later	than	5years		2	1 888	1,831