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2024-03-31-accounts

Draft Financial Statements at 01 October 2024 at 16:29:38

Charity registration number 1094935

Company registration number 04468139 (England and Wales)

HEREFORDSHIRE COMMUNITY FOUNDATION

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

Draft Financial Statements at 01 October 2024 at 16:29:38 HEREFORDSHIRE COMMUNITY FOUNDATION

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees K J Hall
G J Hughes
L Hughes
A J I Lowther
F Myers MBE
P P Spens
S J M Wynn
A Davies
N Pearce-Higgins
S L De Rohan (Appointed 25 July 2023)
P C H Thomas (Appointed 25 July 2023)
J J E Wilding (Appointed 27 September 2023)
R V A Carr (Resigned 31 May 2023)
M E Lewin (Appointed 17 July 2024)
Secretary C Frowd
CEO B Sullivan
Charity number 1094935
Company number 04468139
Registered office The Fred Bulmer Centre
Wall Street
Hereford
HR4 9HP
Auditor Kendall Wadley LLP
Granta Lodge
71 Graham Road
Malvern
Worcestershire
WR14 2JS
Bankers CAF Bank
25 Kings Hill
West Malling
Kent
ME19 4JQ

Draft Financial Statements at 01 October 2024 at 16:29:38 HEREFORDSHIRE COMMUNITY FOUNDATION

CONTENTS

Page
Chairman's Report 1 - 2
Trustees' report 3 - 7
Statement of trustees' responsibilities 8
Independent auditor's report 9 - 11
Statement of financial activities 12 - 13
Balance sheet 14
Statement of cash flows 15
Notes to the financial statements 16 - 45

Draft Financial Statements at 01 October 2024 at 16:29:38 HEREFORDSHIRE COMMUNITY FOUNDATION

CHAIRMAN'S REPORT

FOR THE YEAR ENDED 31 MARCH 2024

We have great pleasure in presenting our Annual Report and Financial Statements for the year ending 31[st] March 2024. The Herefordshire Community Foundation (HCF) was founded in 2002; 2023 marked twenty-one years of providing a secure channel for charitable giving and successful grant-making. Since 2002, HCF has awarded £7,198,068 in grants; this has been distributed across 3,785 awards. Our grants are awarded to grassroots projects dedicated to enriching the lives of people in Herefordshire. We support communities to thrive and improve the wellbeing of people living in the county.

I am delighted to report 2023-24 was another successful year for HCF. We distributed £748,110 in grants to community groups and individuals (compared with £812,733 in 2022-23). Grants ranged in size from an award of £128 from the Herefordshire Education Fund to help a young person to set up their own business in carpet cleaning, to two awards of £20,000 from the Herefordshire Together Fund to support the work of Home-Start Herefordshire and @ The Hub in Ross-on-Wye. It was a busy year in terms of grants awarded – a total of 592 grants split between 182 community grants and 410 to individuals (compared with 607 grants in 2022-23 and 350 grants in 2021-22).

This level of support to local communities maintained HCF’s position as the county’s leading independent grantmaker. I thank the trustees, staff and the organisations we support for their commitment to making Herefordshire a place where everyone has the opportunity to thrive.

We were pleased to work with the Talk Community Team at Herefordshire Council to distribute £142,911 from the Household Support Fund to help households cope with the cost-of-living crisis. The funding supported 309 households in Herefordshire to manage the cost of heating of their homes and purchase essential white goods. Support was targeted at the elderly, disabled people and young families on low incomes who generally have higher than average heating needs.

We worked in partnership with the Public Health team at Herefordshire Council and Healthwatch Herefordshire to distribute the Herefordshire Together Fund. The programme supported projects working to create lasting connections to improve wellbeing and strengthening reach to families in need. A total of £136,364 was awarded to 20 projects.

We were grateful to receive a donation of £563,500 to the Iron Fund. For the last eight years, the Iron Fund has been a significant grant programme, and its broad aims have enabled us to work flexibly and quickly to deliver support where it is most needed in Herefordshire. In the year 2023-24, we awarded £171,340 across 94 grants from the Iron Fund (compared with £66,024 across 46 grants in 2022-23). Additionally, the Iron Fund funded our Community Warm Spaces programme to heat community spaces and support food projects. Six projects across Herefordshire benefitted from this support.

In May 2023 we made the first awards from George’s Fund. This is a memorial fund to honour the short and special life of George Price. Seven grants were made to projects across the county which make use of the outdoors to nurture the wellbeing of children aged three to eleven. George’s Fund also made awards to two charities who support local children with life-threatening illnesses and their families.

The Mental Health Fund was significantly boosted by a generous individual donation of £50,000 in 2021. In 2023/24 the fund made five awards to local projects which support the mental health, emotional wellbeing and resilience of people in Herefordshire.

In January 2024 Storm Henk hit Herefordshire and the county experienced localised flooding. Our Emergency Relief Fund made nine awards to households affected by the floods and two further awards were made to flood relief projects for the purchase of emergency equipment.

We addressed digital isolation with awards of 56 laptops to community projects which included foodbanks, community hubs and support for carers. The laptops have been used to help people access advice and services as well as online learning.

We were delighted to set up the Green Oak Fund this year. The fund holders wish to support projects which benefit the environment and promote arts and heritage. The fund made five awards to two local projects.

In terms of strengthening the organisation, we expanded the staff team and welcomed new trustees to the Board. We signed up to the Fundraising Code and became a member of the Fundraising Regulator. Furthermore, we became accredited as a Living Wage Employer. Details of all our grant-making is now available on the 360 Giving website. We were delighted to be nominated a finalist as a Community Champion for the Herefordshire Means Business awards.

Draft Financial Statements at 01 October 2024 at 16:29:38 HEREFORDSHIRE COMMUNITY FOUNDATION

CHAIRMAN'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

HCF secures its funding by setting up personally named (or anonymous if preferred) local giving funds on behalf of companies, individuals and families. In this way donors are able to support the causes of their choice at far less cost and hassle than creating their own standalone charity. Setting up a charitable fund with HCF will allow you to put your donations into a single fund and HCF will do all the work of vetting, distributing the money and securing the valuable Gift Aid.

We are also able to offer our help in setting up an appropriate governance structure to enable organisations with charitable motives to make early progression and securely manage and distribute funds with full accountability. In previous years, this proved to be invaluable for the hugely successful Laptops2Kids project during the Covid 19 periods of lockdown, as well as Knife Angel Hereford and NMITE.

In order to continue to expand the work we do we are always seeking new donors. For grassroots organisations a small grant can make a huge difference, and donors can be assured we aim to maximise the impact of every pound donated. We can also set up memorial funds which can be a way of providing some comfort at times of grief, enabling the memory of the deceased to live on and to provide an ongoing purpose to a precious life lost.

We are particularly keen to identify ways for smaller businesses, who might consider themselves too small to make a difference, to create a collective fund devoted to improving life changes for the disadvantaged in our community. Please do contact us if you would like further information.

I am delighted to record my thanks to the trustees and staff team for a highly successful year.

.............................. Frank Myers MBE Chairman

Date:

Draft Financial Statements at 01 October 2024 at 16:29:38 HEREFORDSHIRE COMMUNITY FOUNDATION

TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT) FOR THE YEAR ENDED 31 MARCH 2024

The trustees present their annual report and financial statements for the year ended 31 March 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's governing document, the Companies Act 2006 and "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).

Objectives and activities

The objects for which the Foundation is established are:

Public Benefit

The Trustees seek to ensure that the activities of each of the Funds under the umbrella of the Foundation meet ‘Public Benefit’ tests in accordance with the following Charity Commission guidance:

The Trustees, having reviewed the objectives and activities of the Foundation and its constituent Funds and, having given due consideration to Charity Commission guidance above, are satisfied that the Foundation business is properly conducted for the ‘public benefit’.

Draft Financial Statements at 01 October 2024 at 16:29:38 HEREFORDSHIRE COMMUNITY FOUNDATION

TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

The Funds

The Foundation manages a number of sub-funds that fall into two broad categories – Endowment and Flowthrough. Although all the funds belong to the Foundation, they are ring-fenced and operate separately in accordance with the wishes of the donor.

Endowment Funds are long-term capital funds with the aim of increasing their value by judicious investment applying their income to the charitable purpose of the sub-fund.

Flow-through Funds tend to have a limited life with the goal of distributing the whole sum donated in accordance with the goals of the donor.

Our approach to fundraising

In order to carry out its activities, the trustees have considered The Charities (Protection and Social Investment) Act 2016. The charity complies with the Code of Fundraising Practice. It has received no complaints on fundraising activity and does not undertake fundraising in a way that might intrude on any person's privacy or take advantage of vulnerable people. The majority of the charity's fundraising activity is derived from grant funding and contract opportunities via grant making trust, public agencies and prime contractors. It does not carry out either directly or through other professional agencies, direct marketing or face-to-face approaches to individuals vulnerable or otherwise.

Achievements and performance

This was another exceptional year for Herefordshire Community Foundation. HCF has now distributed over £7 million in terms of grants awarded since it was established in 2002. In the period 2023-2024 HCF gave out 592 grants, 182 to charities and 410 to individual beneficiaries.

Financial markets continued to remain turbulent but we have benefited from sound investment which has resulted in the growth of our funds again this year.

The Foundation remains as a significant benefactor for the County of Herefordshire.

Financial review

Principal funding sources

Income for endowment fund building comes from donations. Income from donations combined with dividend and interest income is used for grant making. The administration (unrestricted fund) income comes from a contribution from each fund and from unrestricted donations.

Investment policy and objectives

All endowment capital is invested in the COIF Charities Investment Fund, run by CCLA Investment Management. To quote from their web site:

"CCLA is one of the UK's largest charity fund managers according to the latest Charity Finance Survey. Managing investments for charities, religious organisations and the public sector is all we do. Based in the City of London, with an office in Edinburgh, we are largely owned by our clients funds."

Draft Financial Statements at 01 October 2024 at 16:29:38 HEREFORDSHIRE COMMUNITY FOUNDATION

TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Reserves policy

The total reserves of the charity increased by £980,739 to £7,901,259 from £6,920,520. Restricted funds decreased from £423,816 to £369,243 and Endowment funds increased from £6,309,073 to £7,343,260 in the year. The Trustees continue to seek further funding for marketing and endowment fund development activities.

The Foundation aims to retain sufficient free reserves to provide adequate working capital to fund its administration and fund development activities for at least six months, taking into account committed income. The Trustees are satisfied that the net assets of the Foundation are adequate to fulfil the obligations of the Foundation. Free reserves currently amount to £166,768 (2023 - £179,343), the Trustees are satisfied that free reserves are more than sufficient for a minimum of six months development activities.

Going concern

At the time of approving the accounts, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the accounts.

Quality Accreditation

The Foundation holds the latest Quality Accreditation awarded by the UKCF. These exacting standards are endorsed by the Charity Commission and cover the key areas of Definition and Governance, Finance and Risk, Donor Services and Development, Grant Making and Community Engagement and Communications. Community Foundations must hold this quality accreditation to manage publicly funded grant programmes. The foundation continues to hold the latest Quality Accreditation (QA5).

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The Fund Director has carefully controlled administration costs that are funded by direct donations and internal transfers from the individual funds managed. Trustees regularly review the risk assessment profile, in line with Charity Commission recommended guidelines.

Plans for future periods

The Trustees plan, during the next twelve months, to:

Draft Financial Statements at 01 October 2024 at 16:29:38 HEREFORDSHIRE COMMUNITY FOUNDATION

TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Structure, governance and management

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Incorporation as a company limited by guarantee took place on 24[th] June 2002 and registration as a charity occurred on 5[th] December 2002.

Trustees

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

K J Hall

G J Hughes L Hughes A J I Lowther F Myers MBE P P Spens S J M Wynn R V A Carr (Resigned 31 May 2023) A Davies N Pearce-Higgins S L De Rohan (Appointed 25 July 2023) P C H Thomas (Appointed 25 July 2023) J J E Wilding (Appointed 27 September 2023) M Lewin (Appointed 17 July 2024)

Recruitment and appointment of Trustees

The Board aims to achieve representation across the different areas of the County; to maintain a wide range of interests within the voluntary and community sectors and to ensure that key skills, such as fund development, financial and legal knowledge, are provided within the Trustee group.

Organisational structure

The Trustee Board is the strategic decision-making body of the Foundation. It employs a part-time Director, who carries out the day-to-day management of the Foundation. Grant panels are established as appropriate for the assessment of grants and their recommendations are submitted to the Board for final approval. At the current stage of development, active participation by Board members is required to advance fund development, the website and the profile of the Foundation within Herefordshire. The remuneration of key management of the charity is set by the board.

Induction and training of new trustees

All Trustees are provided with an induction to the work for the Foundation and opportunities to attend training and development events are provided.

Related parties

The Foundation is affiliated to and acknowledge the support of the United Kingdom Community Foundation (UKCF).

There are occasions when the Foundation is asked to support a beneficiary of other charities and may receive funds for management from charitable projects which a certain member of the Trustees have an interest. At all times these transactions are within scope of its objects.

Draft Financial Statements at 01 October 2024 at 16:29:38 HEREFORDSHIRE COMMUNITY FOUNDATION

TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Auditor

In accordance with the company's articles, a resolution proposing that Kendall Wadley LLP be reappointed as auditor of the company will be put at a General Meeting.

The trustees' report was approved by the Board of Trustees.

..............................

F Myers MBE

Trustee

Date: .............................................

Draft Financial Statements at 01 October 2024 at 16:29:38 HEREFORDSHIRE COMMUNITY FOUNDATION

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2024

The trustees, who are also the directors of Herefordshire Community Foundation for the purpose 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 which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the Charity 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 Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Draft Financial Statements at 01 October 2024 at 16:29:38 HEREFORDSHIRE COMMUNITY FOUNDATION

INDEPENDENT AUDITOR'S REPORT

TO THE TRUSTEES OF HEREFORDSHIRE COMMUNITY FOUNDATION

Opinion

We have audited the financial statements of Herefordshire Community Foundation (the ‘Charity’) for the year ended 31 March 2024 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including 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 Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’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 Charity’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.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's 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 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.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Draft Financial Statements at 01 October 2024 at 16:29:38 HEREFORDSHIRE COMMUNITY FOUNDATION

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF HEREFORDSHIRE COMMUNITY FOUNDATION

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the Charity for the purpose 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 Charity’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.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

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 auditor's 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.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Extent to which the audit was considered capable of detecting irregularities, including fraud

Audit response to risks identified

As a result of the outcome of our risk review:

It should be noted that Auditing standards limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Draft Financial Statements at 01 October 2024 at 16:29:38 HEREFORDSHIRE COMMUNITY FOUNDATION

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF HEREFORDSHIRE COMMUNITY FOUNDATION

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's 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 charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Sarah Morley BA (Hons) ACA (Senior Statutory Auditor) for and on behalf of Kendall Wadley LLP

.........................

Chartered Accountants Statutory Auditor

Granta Lodge 71 Graham Road Malvern Worcestershire WR14 2JS

Kendall Wadley LLP is eligible for appointment as auditor of the Charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

Draft Financial Statements at 01 October 2024 at 16:29:38 HEREFORDSHIRE COMMUNITY FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

Current financial year
Unrestricted
Restricted Endowment
funds
funds
funds
2024
2024
2024
Notes
£
£
£
Income and endowments from:
Donations and legacies
3
4,000
473,432
496,977
Investments
4
3,844
8,296
216,643
Other income
5
43,906
-
-
Total income and endowments
51,750
481,728
713,620
Expenditure on:
Charitable activities
6
168,426
580,208
167,902
Net gains/(losses) on investments
10
-
18,774
631,403
Net (expenditure) / income
(116,676)
(79,706)
1,177,121
Gross transfers between funds
12
117,801
25,133
(142,934)
Net movement in funds
1,125
(54,573)
1,034,187
Fund balances at 1 April 2023
187,631
423,816
6,309,073
Fund balances at 31 March 2024
188,756
369,243
7,343,260		 Total
2024
£
974,409
228,783
43,906
1,247,098
916,536
650,177
980,739
-
980,739
6,920,520
7,901,259		 Total
2023
£
1,574,093
193,710
58,938
1,826,741
954,485
(286,398)
585,858
-
585,858
6,334,662
6,920,520

Draft Financial Statements at 01 October 2024 at 16:29:38 HEREFORDSHIRE COMMUNITY FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Prior financial year
Unrestricted
Restricted Endowment
funds
funds
funds
2023
2023
2023
Notes
£
£
£
Income and endowments from:
Donations and legacies
3
4,000
812,381
757,712
Investments
4
1,098
3,150
189,462
Other income
5
58,938
-
-
Total income and endowments
64,036
815,531
947,174
Expenditure on:
Charitable activities
6
141,752
647,533
165,200
Net gains/(losses) on investments
10
-
(9,684)
(276,714)
Net (expenditure) / income
(77,716)
158,314
505,260
Gross transfers between funds
12
98,170
(72,372)
(25,798)
Net movement in funds
20,454
85,942
479,462
Fund balances at 1 April 2022
167,177
337,874
5,829,611
Fund balances at 31 March 2023
187,631
423,816
6,309,073		 Total
2023
£
1,574,093
193,710
58,938
1,826,741
954,485
(286,398)
585,858
-
585,858
6,334,662
6,920,520

Draft Financial Statements at 01 October 2024 at 16:29:38 HEREFORDSHIRE COMMUNITY FOUNDATION

BALANCE SHEET

AS AT 31 MARCH 2024

Notes
Fixed assets
Intangible assets
13
Tangible assets
14
Investments
15
Current assets
Stocks
17
Debtors
18
Investments
19
Cash at bank and in hand
Creditors: amounts falling due within
one year
20
Net current assets
Net assets
The funds of the Charity
Endowment funds
22
Restricted income funds
23
Unrestricted funds		 2024
£
£
18,265
3,723
7,218,876
7,240,864
1,680
206,636
89,407
605,331
903,054
(242,659)
660,395
7,901,259
7,343,260
369,243
188,756
7,901,259		 2023
£
£
6,717
1,571
6,197,571
6,205,859
6,468
71,035
-
688,336
765,839
(51,178)
714,661
6,920,520
6,309,073
423,816
187,631
6,920,520		 2023
£
£
6,717
1,571
6,197,571
6,205,859
6,468
71,035
-
688,336
765,839
(51,178)
714,661
6,920,520
6,309,073
423,816
187,631
6,920,520
6,205,859
714,661
6,920,520
6,309,073
423,816
187,631
6,920,520

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024, although an audit has been carried out under section 144 of the Charities Act 2011.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements under the requirements of the Companies Act 2006, for the year in question in accordance with section 476.

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

The financial statements were approved by the trustees on .........................

..............................

F Myers MBE

Trustee

Company registration number 04468139 (England and Wales)

Draft Financial Statements at 01 October 2024 at 16:29:38 HEREFORDSHIRE COMMUNITY FOUNDATION

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024

Notes
Cash flows from operating activities
Cash generated from operations
29
Investing activities
Purchase of intangible assets
Purchase of tangible fixed assets
Purchase of current asset investments
Purchase of fixed asset investments
Proceeds on disposal of fixed asset
investments
Investment income received
Net cash used in investing activities
Net decrease in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2024
2023
£
£
£
£
163,361
432,035
(11,548)
(6,717)
(3,066)
-
(89,407)
-
(631,481)
(3,084,789)
260,353
2,401,627
228,783
193,710
(246,366)
(496,169)
(83,005)
(64,134)
688,336
752,470
605,331
688,336

Draft Financial Statements at 01 October 2024 at 16:29:38 HEREFORDSHIRE COMMUNITY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

Charity information

Herefordshire Community Foundation is a private company limited by guarantee incorporated in England and Wales (Company number: 04468139). And a charity registered with the charity commission in England and Wales (Charity number: 1094935). The registered office is The Fred Bulmer Centre, Wall Street, Hereford, HR4 9HP.

1.1 Accounting convention

The financial statements have been prepared in accordance with the Charity's Memorandum and Articles of Association, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 Charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties about its ability to continue. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity.

1.4 Income

Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Draft Financial Statements at 01 October 2024 at 16:29:38 HEREFORDSHIRE COMMUNITY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Grants payable are payments made to third parties in the furtherance of the charitable objects of the Trust. In the case of an unconditional grant offer this is accrued once the recipient has been notified. Notifications give the recipient a reasonable expectation that they will receive the one-year or multi-year grant. Grant awards that are subject to the recipient fulfilling performance conditions are only accrued when the recipient has been notified of the grant and any remaining unfulfilled condition attaching to that grant is outside of the control of the Trust.

Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty as to the timing of the grant or the amount of grant payable.

1.6 Intangible fixed assets other than goodwill

Intangible assets are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Software

10 years straight line

1.7 Tangible fixed assets

Assets costing more than £150 are capitalised.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings

4 years - straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.8 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

Draft Financial Statements at 01 October 2024 at 16:29:38 HEREFORDSHIRE COMMUNITY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

1.9 Impairment of fixed assets

At each reporting end date, the Charity reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.10 Stock

Stock consists of donated laptops for distribution to beneficiaries. Laptops are valued at a flat rate of £84.

1.11 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less.

1.12 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.

1.13 Liabilities

Liabilities are recognised when there is an obligation at the balance sheet data 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 charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods and services it must provide.

1.14 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.15 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.16 Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

2 Critical accounting estimates and judgements

In the application of the Charity’s accounting policies, the trustees are required to make judgements, 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 the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Draft Financial Statements at 01 October 2024 at 16:29:38 HEREFORDSHIRE COMMUNITY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

3 Income from donations and legacies

Unrestricted
Restricted Endowment
funds
funds
funds
2024
2024
2024
£
£
£
Donations and gifts
4,000
177,599
496,977
Grants
-
295,833
-
4,000
473,432
496,977
Grants receivable for core activities
Household support grant
-
149,469
-
Mumford Memorial Trust Fuel Poverty
-
10,000
-
Herefordshire Together Grant
-
136,364
-
Communities in Crisis DCMS Grant
-
-
-
#iwill Round 3 Grant
-
-
-
Community personal responsibility
-
-
-
Emergency Food Provision Grant
-
-
-
-
295,833
-		 Total
Unrestricted
Restricted Endowment
funds
funds
funds
2024
2023
2023
2023
£
£
£
£
678,576
4,000
323,625
757,712
295,833
-
488,756
-
974,409
4,000
812,381
757,712
149,469
-
186,133
-
10,000
-
28,000
-
136,364
-
-
-
-
-
8,900
-
-
-
33,723
-
-
-
196,000
-
-
-
36,000
-
295,833
-
488,756
-		 Total
2023
£
1,085,337
488,756
1,574,093
186,133
28,000
-
8,900
33,723
196,000
36,000
488,756

Draft Financial Statements at 01 October 2024 at 16:29:38 HEREFORDSHIRE COMMUNITY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

4 Income from investments

Unrestricted **Restricted ** Endowment Total Unrestricted **Restricted ** Endowment Total
funds funds funds funds funds funds
2024 2024 2024 2024 2023 2023 2023 2023
£ £ £ £ £ £ £ £
Investment income 3,844 8,296 216,643 228,783 1,098 3,150 189,462 193,710

Draft Financial Statements at 01 October 2024 at 16:29:38 HEREFORDSHIRE COMMUNITY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

5 Other income

Unrestricted
funds
2024
£
Management fees
43,906
43,906		 Total Unrestricted
funds
2024
2023
£
£
43,906
58,938
43,906
58,938		 Total
2023
£
58,938
58,938

6 Charitable activities

Resources Resources
expended expended
on on
charitable charitable
activities activities
2024 2023
Notes £ £
Staff costs 117,431 99,595
Rent and service charge 2,424 2,424
Postage and stationery 263 371
Sundry expenses 1,195 1,920
Fees, subs and training 5,301 3,643
Bank charges 180 216
Computer running costs 10,542 12,389
Grants paid out 30 748,110 812,733
Events, marketing and fundraising - 36
Charis voucher and donation fees 6,339 2,750
Travel and entertaining 203 -
Event and marketing 2,057 -
Fund raising expenses 361 -
894,406 936,077
Share of governance costs (see note 7) 22,130 18,408
916,536 954,485
Analysis by fund
Unrestricted funds 168,426 141,752
Restricted funds 580,208 647,533
Endowment funds 167,902 165,200
916,536 954,485

Draft Financial Statements at 01 October 2024 at 16:29:38 HEREFORDSHIRE COMMUNITY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

7 Support costs allocated to activities

Governance costs
Governance costs comprise:
Depreciation
Audit fees
Professional fees
Insurance		 Total
2024
£
22,130
2024
£
914
5,220
15,244
752
22,130		 Total
2023
£
18,408
2023
£
552
4,740
12,467
649
18,408

Audit fees are for the audit and preparation of the statutory financial statements.

8 Trustees

In this or the previous year none of the trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year. None of the trustees were reimbursed expenses in this or the previous year.

9 Employees

The average monthly number of employees during the year was:

2024 2023
Number Number
5 5
Employment costs 2024 2023
£ £
Wages and salaries 111,834 95,758
Social security costs 3,738 2,279
Other pension costs 1,859 1,558
117,431 99,595

The Charity considers its key management personnel comprise the management and admin team. The total amount of employee benefits received by key management personnel was £117,431 (2023 - £99,595)

There were no employees whose annual remuneration was more than £60,000.

Draft Financial Statements at 01 October 2024 at 16:29:38 HEREFORDSHIRE COMMUNITY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

10 Net gains on investments

**Restricted ** Endowment Total **Restricted ** Endowment Total
funds funds funds funds
general general
2024 2024 2024 2023 2023 2023
£ £ £ £ £ £
Revaluation of
investments 18,774 631,403 650,177 (9,684) (276,714) (286,398)

11 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

12 Transfers

Transfers in the year relate to management fees for the funds.

13 Intangible fixed assets

Cost
At 1 April 2023
Additions
At 31 March 2024
Amortisation
At 1 April 2023 and 31 March 2024
Carrying amount
At 31 March 2024
At 31 March 2023		 Software
£
6,717
11,548
18,265
-
18,265
6,717

Draft Financial Statements at 01 October 2024 at 16:29:38 HEREFORDSHIRE COMMUNITY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

14 Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 April 2023 3,456
Additions 3,066
At 31 March 2024 6,522
Depreciation
At 1 April 2023 1,885
Depreciation charged in the year 914
At 31 March 2024 2,799
Carrying amount
At 31 March 2024 3,723
At 31 March 2023 1,571
15 Fixed asset investments
Listed
investments
£
Cost or valuation
At 1 April 2023 6,197,571
Additions 631,481
Valuation changes 650,177
Disposals (260,353)
At 31 March 2024 7,218,876
Carrying amount
At 31 March 2024 7,218,876
At 31 March 2023 6,197,571
16 Financial instruments
2024 2023
£ £
Carrying amount of financial assets
Instruments measured at fair value through profit or loss 7,218,876 6,197,571

Draft Financial Statements at 01 October 2024 at 16:29:38 HEREFORDSHIRE COMMUNITY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

17
Stocks
Laptops to be donated
18
Debtors
Amounts falling due within one year:
Trade debtors
Prepayments and accrued income
19
Current asset investments
1 Year Bond
20
Creditors: amounts falling due within one year
Other taxation and social security
Trade creditors
Grants payable
Accruals
21
Retirement benefit schemes
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes		 2024
£
1,680
2024
£
820
205,816
206,636
2024
£
89,407
2024
£
2,395
1,801
223,655
14,808
242,659
2024
£
1,859		 2023
£
6,468
2023
£
18,934
52,101
71,035
2023
£
-
2023
£
1,893
3,928
9,514
35,843
51,178
2023
£
1,558

The Charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Charity in an independently administered fund.

Draft Financial Statements at 01 October 2024 at 16:29:38 HEREFORDSHIRE COMMUNITY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

22 Endowment funds

Endowment funds represent assets which must be held permanently by the Charity. Income arising on the endowment funds can be used in accordance with the objects of the Charity and is included as unrestricted income. Any capital gains or losses arising on the assets form part of the fund.

Balance at
1 April 2022
£
Permanent endowments
Becket Bulmer
1,173,327
Richard Bulmer
221,637
John Morgan
35,931
Hergest
79,860
Glencora
170,862
Coneygree
28,859
CPRE
32,527
Jack Hughes
49,346
Bulmer Gilmour
81,466
H.E.C
241,525
Herefordshire
Country Fair
83,865
Joanies
2,388,202
Iron Fund
Endowment
521,175
Hereford College
of Arts
76,977
HCF Care Fund
47,073
C/fwd
5,232,632		 Movement in funds
Income
Expenditure
Transfers
£
£
£
34,961
(43,821)
(16,476)
6,578
(5,000)
(3,151)
1,031
-
(516)
2,395
-
(1,142)
5,036
(4,800)
(2,402)
864
-
(413)
913
-
(469)
1,448
-
(709)
2,430
(1,000)
(1,169)
7,456
(10,116)
(3,423)
2,434
-
(1,207)
71,726
(74,619)
(22,562)
757,712
-
(10,646)
2,308
-
(1,106)
1,347
(1,755)
(663)
898,639
(141,111)
(66,054)		 Losses
Balance at
1 April 2023
£
£
(57,692)
1,090,299
(10,720)
209,344
(1,570)
34,876
(3,885)
77,228
(8,235)
160,461
(1,398)
27,912
(1,336)
31,635
(2,099)
47,986
(3,570)
78,157
(10,410)
225,032
(3,421)
81,671
(107,354)
2,255,393
(34,291)
1,233,950
(3,289)
74,890
(2,114)
43,888
(251,384)
5,672,722		 Movement in funds
Income
Expenditure
Transfers
£
£
£
34,808
(35,539)
(16,497)
6,636
(7,826)
(3,146)
1,213
-
(533)
2,536
(800)
(1,176)
5,115
(6,382)
(2,418)
917
(730)
(425)
1,021
(5,000)
(464)
1,635
(1,943)
(734)
2,523
(3,477)
(1,173)
8,013
(7,481)
(3,383)
2,820
-
(1,249)
71,780
(68,138)
(25,739)
515,535
-
(22,446)
2,471
(6,192)
(947)
1,468
(500)
(672)
658,491
(144,008)
(81,002)		 Gains
31
£
104,881
19,472
2,839
7,054
14,961
2,539
2,412
4,101
7,075
20,306
6,774
216,298
159,024
6,566
3,831
578,133		 Balance at
March 2024
£
1,177,952
224,480
38,395
84,842
171,737
30,213
29,604
51,045
83,105
242,487
90,016
2,449,594
1,886,063
76,788
48,015
6,684,336

Draft Financial Statements at 01 October 2024 at 16:29:38 HEREFORDSHIRE COMMUNITY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

22 Endowment funds

Endowment funds
B/fwd
Judith Shrimpton
Endowment
HCF Sports Fund
Much Marcle
United Fund
George's Fund
High Sheriff
Endowment
The Charlotte
Emma Ballard
Trust Fund
Charles & Anna
Saunders Family
Fund
HCF Arts Fund
Wye Valley
National
Landcape
HCF MHF		 5,232,632
34,817
4,434
113,139
-
225,858
20,153
51,453
5,288
59,838
81,999
5,829,611		 898,639
1,032
127
3,281
782
13,985
587
14,868
154
12,022
1,697
947,174		 (141,111)
(1,000)
-
(2,500)
-
(17,176)
-
(1,611)
-
(1,802)
-
(165,200)		 (66,054)
(490)
(64)
(1,624)
49,317
(3,637)
(289)
(786)
(76)
(978)
(1,117)
(25,798)		 (251,384)
(1,699)
(194)
(5,069)
(87)
(10,692)
(915)
(2,435)
(240)
(2,578)
(1,421)
(276,714)		 5,672,722
32,660
4,303
107,227
50,012
208,338
19,536
61,489
5,126
66,502
81,158
6,309,073		 658,491
1,066
150
3,656
1,625
17,403
621
25,194
176
2,029
3,209
713,620		 (144,008)
-
-
-
-
(13,014)
(2,380)
(3,000)
-
(5,500)
-
(167,902)		 (81,002)
(500)
(66)
(1,641)
(766)
(3,572)
(289)
(941)
(78)
(962)
(53,117)
(142,934)		 (Continued)
578,133
6,684,336
3,088
36,314
349
4,736
9,178
118,420
4,769
55,640
20,102
229,257
1,658
19,146
5,562
88,304
434
5,658
5,864
67,933
2,266
33,516
631,403
7,343,260		 (Continued)
578,133
6,684,336
3,088
36,314
349
4,736
9,178
118,420
4,769
55,640
20,102
229,257
1,658
19,146
5,562
88,304
434
5,658
5,864
67,933
2,266
33,516
631,403
7,343,260
7,343,260

Draft Financial Statements at 01 October 2024 at 16:29:38 HEREFORDSHIRE COMMUNITY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

22 Endowment funds

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(Continued)
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The Foundation manages a number of different types of funds. They fall into two main groups :–

Endowment funds are further divided into three groups:-

There follows a brief description of the charitable objects of each fund grouped as above.

Unmatched Endowment Funds (no additional government funds)

Becket Bulmer

To promote the cultural advancement of the people of Herefordshire in particular through the theatre, music and arts, enhance the education of young people, the improvement of the environment and the support of disabled people. In addition to support Hereford Cider Museum and award an annual bursary to the Hereford Police Male Choir Young Musician of the Year. Approximately 8% of the value of the Becket Bulmer Fund was matched through the Grassroots Endowment Match Challenge, a government scheme that ran from 2008 to 2011.

Richard Bulmer

To help under-25’s living in and from Herefordshire to further their artistic aspirations with particular emphasis on music and travel.

John Morgan

To promote activities which raise environmental awareness and which benefit the environment with emphasis on the Kington area.

Hergest

As for John Morgan but also to support the artistic endeavours of residents from Kington.

Draft Financial Statements at 01 October 2024 at 16:29:38 HEREFORDSHIRE COMMUNITY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

22 Endowment funds

(Continued)

Glencora

To promote activities that benefit the environment, enhance the lifestyles of the older generation and further the arts with particular emphasis on music. Priority given to applications from the Ledbury/Colwall area.

Coneygree

To support the activities of community/voluntary groups in Ledbury and the twenty-three surrounding parishes to provide care and fellowship to individuals and rehabilitate those with mental or physical health problems through their activities. There is a special focus given to groups working with older people.

CPRE (Herefordshire)

To support groups that protect the countryside.

HCF Care Fund

To fund any Herefordshire emergency or requirement which needs an immediate response. The emphasis should be on individuals, the homeless, poor or needy such as replacement clothing for a family after a house fire, or an essential home appliance for an individual or family needing urgent rehousing after domestic abuse.

Judith Shrimpton Fund

A fund created to benefit such organisations and activities in Herefordshire and the West Midlands whose aim is to relieve the needs of people with disabilities of any kind and to help individuals lead a lifestyle of their choice.

HCF Sports Fund

A currently inactive fund but established to raise money for sport in Herefordshire.

Much Marcle United Fund

A consolidated group of old charities for the benefit of the people of the Ancient Parish of Much Marcle. Specifically, to support organisations and community groups that work in support of the wider community. Grants for individuals will be considered for education or welfare issues.

Charlotte Emma Ballard Trust

A fund created to support children living in Ledbury.

Charles & Anna Saunders Family Trust Fund

A fund created to help people who are working to better themselves through hard work.

Draft Financial Statements at 01 October 2024 at 16:29:38 HEREFORDSHIRE COMMUNITY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

22 Endowment funds

(Continued)

HCF Mental Health Fund

It has been a long-time priority of HCF to provide a fund dedicated to addressing mental health issues throughout Herefordshire. Thanks to a legacy left to the Foundation and a large, very generous, corporate donation, the HCF Mental Health Fund has now been set up and the Foundation is currently collaborating with local organisations and providers, including the NHS, to ensure the funding will be targeted where it is most needed.

Community First Endowment Match Challenge (a government scheme that offered £1 for every £2 endowed)

Jack Hughes Fund

Established by the Herefordshire County Proficiency Tests Committee to support the rural communities across the county, initially with rural education requirements and skill enhancement opportunities.

Bulmer Gilmour

To support voluntary and community groups in Herefordshire, with emphasis on families.

H.E.C.

Herefordshire Education Fund. To support education, including Bursaries for the under-25’s.

H.C.F.

Herefordshire Country Fair. A fund using any available surplus from the annual Country Fair to support the rural community in Herefordshire.

Joanies

This fund, covering England and Wales, has a wide-ranging, community-based focus but particularly welcomes applications from organisations working with young people aged 11 to 25 and is especially interested in projects that lead to employment, accreditation, further education, training and integration. It looks for innovation and entrepreneurship and for strong evidence of how closely applicants consult young people in developing their service, and for any community involvement or local financial support.

Hereford College of Arts

A fund created to support the arts in Herefordshire, including bursaries for students at the Hereford College of Arts and an annual Brian Hatton Award to the Herefordshire Young Artist of the year.

Hybrid Funds

High Sheriff

To support community and voluntary groups involved with law and order and community cohesion. This fund is regularly augmented and has benefited from both government schemes.

Draft Financial Statements at 01 October 2024 at 16:29:38 HEREFORDSHIRE COMMUNITY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

22 Endowment funds

(Continued)

Flow-through Funds

Iron Fund

A fund created to relieve the needs of people within the county of Herefordshire which favours projects that encourage community cohesion, issues of isolation and disadvantage, and are able to demonstrate local need.

The Heaton Fund

To support community groups and charities based in Ledbury.

Wye Valley National Landscape (Formerly AONB)

The Fund provides an opportunity to apply for grant aid for projects which conserve and enhance the Wye Valley Area of Outstanding Natural Beauty (AONB) and its setting. AONBs are nationally important landscapes, designated for their outstanding natural and scenic beauty. The HCF Wye Valley AONB Fund is administered by the Herefordshire Community Foundation and coordinated by the Wye Valley AONB Unit, based in Monmouth. The Fund supports projects which benefit communities and the environment of the Wye Valley Area of Natural Beauty (AONB) and the area adjoining the AONB boundary (where the majority of the benefit is in the AONB) that is within Herefordshire, Gloucestershire and Monmouthshire. The fund seeks to conserve and enhance the local characteristics of wildlife, landscape, land use and community. Sustaining social well-being and economic viability are also important aims.

Herefordshire RSN

To support the relief of mental and physical sickness of persons in Herefordshire who suffer from stress, by the provision of emotional support, practical support and advice. To advance the education of the public, including professionals, in the significance of stress in rural communities.

Surviving Winter

Grants of up to £300 to vulnerable individuals and families to help pay for winter heating funded by transfer of winter fuel allowance.

Draft Financial Statements at 01 October 2024 at 16:29:38 HEREFORDSHIRE COMMUNITY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

22 Endowment funds

(Continued)

The Odey Fund

The Odey Fund operates in South Herefordshire and North Gloucestershire. Priority for grants is given to established charitable organisations active in the fields of education and youth development for the age range of 16 to 25 years old with the secondary element of wider community support grants.

TVYP

The TVYP Fund aims to advance the education of young people aged 11 to 25 who are in conditions of need, hardship or distress and who reside in the identified parishes of South Shropshire and North Herefordshire through activities to develop their physical, mental and spiritual capacities. The fund offers educational, leisure, accommodation, economic and training opportunities for education, support and/or experience for the beneficiaries.

Emergency Appeal Fund

Funds raised by HCF, in conjunction with Hereford Times, to support individuals, community groups and charities affected by the floods caused by Storm Dennis.

George’s Fund

George’s Fund has been set up by a Trustee of the Foundation to celebrate the short and special life of George Price, to be used to promote the interests of Herefordshire's young children.

The Hereford Times Christmas Appeal

This is funding raised by the Hereford Times during Christmas 2021. It was donated to The Living Room in Hereford to provide Christmas food parcels for those living in need.

Knife Angel Fund

The Knife Angel Fund was set up to facilitate the transport and installation of the Knife Angel when it was exhibited in Hereford in June 2021. This was to include hosting a series of workshops and interactive events, including a national level conference to engage with professionals working in associated spheres. It is envisaged that this initiative will continue now the Knife Angel has left Hereford and there will be a general weapons amnesty, which has full approval of West Mercia Police.

Draft Financial Statements at 01 October 2024 at 16:29:38 HEREFORDSHIRE COMMUNITY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

22 Endowment funds

(Continued)

The Queen’s Green Canopy Fund

The fund was set up by the Lieutenancy of Herefordshire and Herefordshire Council to support the Queen’s Green Canopy initiative locally as a long-lasting way to mark the Queen’s Platinum Jubilee in 2022. The aim of the fund is to facilitate the purchase, transport, planting and guarding of trees from the source to schools and other publicly accessible places across Herefordshire.

Longtown Early Years Education Fund

To enhance the development and education of children primarily under statutory school age in Longtown in the county of Herefordshire.

Community and Personal Resilience Grant

The grant has been funded via Herefordshire Council to improve the health and wellbeing across all ages by working in partnership with voluntary, community and social enterprise sector organisations as part of its grant funding for the Covid-19 recovery plan, supporting economic recovery and improving wellbeing in Herefordshire.

Help for Refugees Fund

To fund the transport of essential goods from Herefordshire to where they are needed. Residual funds will support the resettlement of refugees in Herefordshire.

Addressing Fuel Poverty Fund (Flow-Through)

This fund has been made available by Herefordshire Council, to provide grants of up to £500 for fuel payments to support families in fuel poverty.

Household Support Fund (Flow-Through)

A grant funded by Herefordshire Council to provide support of up to £500 for energy, water and white goods to families struggling with the cost of living.

Logistics Aid

The aim of the fund is to facilitate the transport of essential goods and emergency relief from Herefordshire to Ukraine, Turkey and bordering countries to relieve need.

#iwill

iwill is a lottery-funded programme aimed at raising the level and quality of youth social action in activities such as campaigning, fundraising and volunteering, all of which enable participants to make a positive difference to their communities.

Communities in Crisis

To ensure grassroots organisations, embedded in the community, are able to continue to provide crucial support to help the most vulnerable during the winter of 202223.

Draft Financial Statements at 01 October 2024 at 16:29:38 HEREFORDSHIRE COMMUNITY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

22 Endowment funds

(Continued)

Emergency Food Provision Fund

A Herefordshire Council grant to support voluntary and community organisations providing emergency food to help people in Herefordshire experiencing food poverty and in particular to support sustainability and resilience in delivery of this service.

Green Oak Fund

The aim of the Green Oak Fund is to benefit organisations that work to increase environmental awareness or pormote arts and heritage within Herefordshire.

Community Warm Spaces

Providing grants of up £2,000 to heat community spaces and support food projects, giving priority to organisations supporting people experiencing homelessness, older people, disabled people and young families in need, as well as those providing meals to those suffering hardship.

Please Note:

Wye Valley National Landscape (Formerly AONB) Flow Through has now been spent out but still is an Endowment fund. George’s Fund is still a Flow Through but is now also an Endowment fund.

HCF Mental Health Fund is still an Endowment fund but is now also a Flow Through.

Draft Financial Statements at 01 October 2024 at 16:29:38 HEREFORDSHIRE COMMUNITY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

23 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

Balance at
1 April 2022
£
Addressing Fuel
Poverty Fund
-
Herefordshire
RSN
4,822
Surviving Winter
4,400
Odey Fund
1,434
TVYP
120,285
Iron Fund Flow-
Through
86,231
Ross Tennis Club
1,208
AONB Restricted
841
Emergency
Appeal Fund
43,038
George's Fund
27,044
Heaton Fund
12,931
Herefordshire
Youth Social
Action iwill
-
iwill matched
funding
-
C/fwd
302,234		 Movement in funds
Income
Expenditure
Transfers
£
£
£
18,000
-
-
85
-
-
26,876
(460)
19,873
17
(500)
(50)
2,817
(40,266)
(4,027)
205,504
(65,529)
(63,961)
-
-
-
-
(777)
(64)
-
(1,000)
(100)
56,132
-
(50,025)
230
-
-
33,723
(33,723)
-
-
(33,723)
33,723
343,384
(175,978)
(64,631)		 Losses
Balance at
1 April 2023
£
£
-
18,000
-
4,907
-
50,689
-
901
(5,219)
73,590
(4,465)
157,780
-
1,208
-
-
-
41,938
-
33,151
-
13,161
-
-
-
-
(9,684)
395,325		 Movement in funds
Income
Expenditure
Transfers
£
£
£
-
(18,000)
-
235
(500)
(50)
22,034
-
(20,051)
33
(500)
(50)
2,246
(20,500)
(2,050)
106,466
(171,340)
(17,069)
-
-
-
-
-
-
-
(4,237)
(424)
21,874
(34,511)
(1,841)
316
(7,640)
(573)
-
-
-
-
-
-
153,204
(257,228)
(42,108)		 Gains
Balance at
31 March 2024
£
£
-
-
-
4,592
-
52,672
-
384
4,940
58,226
13,834
89,671
-
1,208
-
-
-
37,277
-
18,673
-
5,264
-
-
-
-
18,774
267,967		 Gains
Balance at
31 March 2024
£
£
-
-
-
4,592
-
52,672
-
384
4,940
58,226
13,834
89,671
-
1,208
-
-
-
37,277
-
18,673
-
5,264
-
-
-
-
18,774
267,967
267,967

Draft Financial Statements at 01 October 2024 at 16:29:38 HEREFORDSHIRE COMMUNITY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

23
Restricted funds
B/fwd
Community &
Personal
Resilience
Emergency Food
Provision
Help For
Refugees
Longtown Early
Years Education
Fund
Knife Angel of
Hereford
The Queen's
Green Canopy
Herefordshire
Together
Hereford Times
Christmas Appeal
Logistics Aid
Green Oak Fund
Communities In
Crisis
Household
Support Fund
Community
Warm Spaces
HCF mental
health fund		 302,234
-
-
3,319
17,950
13,138
1,233
-
-
-
-
-
-
-
-
337,874		 343,384
(175,978)
197,275
(197,275)
34,725
(34,725)
1,490
(1,632)
-
(16,155)
-
(838)
3,398
(2,077)
-
-
-
-
40,226
(34,885)
-
-
8,900
(8,900)
186,133
(175,068)
-
-
-
-
815,531
(647,533)		 (64,631)
-
-
(2,972)
(1,795)
(750)
(243)
-
-
(1,981)
-
-
-
-
-
(72,372)		 (9,684)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(9,684)		 395,325
-
-
205
-
11,550
2,311
-
-
3,360
-
-
11,065
-
-
423,816		 153,204
(257,228)
-
-
-
-
-
-
-
-
-
-
-
(1,605)
136,364
(136,364)
1,654
(1,486)
161
(3,521)
40,876
(18,380)
-
-
149,469
(142,991)
-
(6,890)
-
(11,743)
481,728
(580,208)		 (42,108)
-
-
-
-
(750)
(243)
-
(168)
-
(1,838)
-
-
19,311
50,929
25,133		 (Continued)
18,774
267,967
-
-
-
-
-
205
-
-
-
10,800
-
463
-
-
-
-
-
-
-
20,658
-
-
-
17,543
-
12,421
-
39,186
18,774
369,243		 (Continued)
18,774
267,967
-
-
-
-
-
205
-
-
-
10,800
-
463
-
-
-
-
-
-
-
20,658
-
-
-
17,543
-
12,421
-
39,186
18,774
369,243
369,243

Draft Financial Statements at 01 October 2024 at 16:29:38 HEREFORDSHIRE COMMUNITY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

23 Restricted funds

(Continued)

See the previous note for the narrative regarding the nature of funds.

Draft Financial Statements at 01 October 2024 at 16:29:38 HEREFORDSHIRE COMMUNITY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

24 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

General funds
Previous year:
General funds		 At 1 April
2023
£
187,631
At 1 April
2022
£
167,177		 Income
Expenditure
£
£
51,750
(168,426)
Income
Expenditure
£
£
64,036
(141,752)		 Transfers
At 31 March
2024
£
£
117,801
188,756
Transfers
At 31 March
2023
£
£
98,170
187,631

25 Analysis of net assets between funds

Unrestricted
Restricted
Endowment
funds
funds
funds
2024
2024
2024
£
£
£
At 31 March 2024:
Intangible fixed assets
18,265
-
-
Tangible assets
3,723
-
-
Investments
-
141,501
7,077,375
Current assets/(liabilities)
166,768
227,742
265,885
188,756
369,243
7,343,260
Unrestricted
Restricted
Endowment
funds
funds
funds
2023
2023
2023
£
£
£
At 31 March 2023:
Intangible fixed assets
6,717
-
-
Tangible assets
1,571
-
-
Investments
-
127,549
6,070,022
Current assets/(liabilities)
179,343
296,267
239,051
187,631
423,816
6,309,073		 Total
2024
£
18,265
3,723
7,218,876
660,395
7,901,259
Total
2023
£
6,717
1,571
6,197,571
714,661
6,920,520

Draft Financial Statements at 01 October 2024 at 16:29:38 HEREFORDSHIRE COMMUNITY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

25 Analysis of net assets between funds

(Continued)

26 Operating lease commitments

At the reporting end date the Charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Within one year
Between two and five years		 2024
£
-
-
-		 2023
£
1,848
3,696
5,544

27 Related party transactions

During the year donations of £501,227 were received from trustees without conditions. There were no other related party transactions in this or the previous year.

28 Analysis of changes in net funds

The Charity had no material debt during the year.

29 Cash generated from operations
Cash generated from operations 2024 2023
£ £
Surplus for the year 980,739 585,858
Adjustments for:
Investment income recognised in statement of financial activities (228,783) (193,710)
Fair value gains and losses on investments (650,177) 286,398
Depreciation and impairment of tangible fixed assets 914 552
Movements in working capital:
Decrease/(increase) in stocks 4,788 (6,468)
(Increase)/decrease in debtors (135,601) 61,889
Increase/(decrease) in creditors 191,481 (302,484)
Cash generated from operations 163,361 432,035

Draft Financial Statements at 01 October 2024 at 16:29:38 HEREFORDSHIRE COMMUNITY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

30 Grant Listing
Fund
HRSN
TVYP
Odey Fund
Iron Fund		 Grant Recipient
Hardship grant for individual
Orleton Young Farmers Club
Wigmore Village Hall
PCC of Leominster
Ellwood YFC
The Living Room - 5 Laptops
Marden Links - 2 Laptops
Bromyard Methodist Church - 1 Laptop
hvoss - 14 Laptops
Basement Youth Trust
Close House
Ledbury Food Bank - 3 Laptops
Hereford City of Sanctuary - 4 Laptops
hvoss
Bromyard Food Bank - 1 Laptop
Counselling for an individual
Driving Lessons for an individual
Counselling for an individual
Royal National College for the Blind
Severn Freewheelers
Marches Family Network
Royal National College for the Blind
Bromyard Scouts
Aspire Living
Phoenix Bereavement
Age UK Hereford & Locality
Oxygen & Therapy Wellness Centre
Much Birch Village Hall - 5 Laptops
Carers of Herefordshire - 2 Laptops
Association of Ukranians in Great Britain - 10
Laptops
School Holiday Club, Breakfast & After School
Club for a single parent family
Advice for Renters - 2 Laptops
Dementia Matters-Here
Hereford Badminton Academy
Camera Doorbell for an individual
Carers of Herefordshire
Hereford Food Bank - 3 Laptops
Counselling for an individual		 Amount
Total
£
£
500
500
500
10,000
10,000
20,500
500
500
420
168
84
1,176
5,000
1,000
168
336
462
84
780
995
1,560
4,190
5,000
5,000
3,000
5,000
1,612
3,957
9,915
6,176
420
168
840
5,004
168
1,200
5,000
210
5,000
252
350

Draft Financial Statements at 01 October 2024 at 16:29:38 HEREFORDSHIRE COMMUNITY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

30 Grant Listing

(Continued)

Staunton on Wye Talk Community Hub - 1 Laptop 84
Megan Baker House 384
Healthwatch 300
Withington Group PC 84
Connexus Enterprise 84
Support for dance lessons for an individual (Joint
Funding) 500
Respite Breaks for an individual 1,080
Ledbury Primary School 3,000
West Mercia Women's Aid 5,796
Hope Support Services 10,000
Hereford Food Bank 563
Make 2nds Count 2,083
South Wye Development Trust 6,778
React Club CIC 5,000
hvoss 500
Transport for an individual to get to therapy
sessions 560
Brimfield Village Hall 5,000
Ross on Wye Town Council 2,000
Transport for a school for farm educational trips 2,000
Journeyman Mentoring 5,000
Mattress for a child with disabilities 500
The CLD Trust 10,000
Herefordshire Board Gamers 1,000
Carers of Herefordshire 10,908
Megan Baker House 5,000
Rotherwas Together 2,500
Staunton on Wye Village Hall 748
Marches Family Network 5,000
Funding to 34 individuals to help with purchasing
white goods & hardship payments 10,844
Returned payments relating to 3 grants (651)
171,340
Becket Bulmer South Wye Development Trust 3,000
Hereford Cider Museum Quarter 1 Grant 3,646
Melody Dance 2,160
Green Eyed Monster 1,108
Growing Local 2,500
The Big Skill 2,000
The Courtyard Trust 2,300
Hereford Cider Museum Quarter 2 Grant 3,951
Hereford Cider Museum Quarter 3 Grant 3,927
Herefordshire Historic Churches 2,000
Hay Music Trust 2,000
Melody Dance Company 4,000
Hereford Cider Museum Quarter 4 Grant 3,947
Hereford Police Male Voice Choir -Returned Grant (1,000)
35,539

Draft Financial Statements at 01 October 2024 at 16:29:38 HEREFORDSHIRE COMMUNITY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

30 Grant Listing (Continued)
Bulmer Gilmour Hereford Petanque Club 1,900
Age UK Herefordshire & Worcestershire 505
Hereford Amateur Pantomime 1,072
3,477
Coneygree Pop-up Craft Shop rent for an individual 250
Carers of Herefordshire 480
730
CPRE CPRE film project 5,000
5,000
Glencora Sutton Walls Conservation 800
Re-engage Ltd 2,382
ECHO 1,000
Herefordshire Green Network 1,000
Red Earth CIC 1,200
6,382
Herefordshire Care Fund Funding for clothes for a family after a house fire 500
500
Charlotte Ballard Fund Friends of Ledbury Children's Centre 380
Ledbury Primary School 2,000
2,380
Heaton Fund Red Earth CIC 7,640
7,640
Herefordshire Education Aylestone School
Charity 700
Hereford Make 1,920
Canon Pyon C of E Primary School 285
Stretton Sugwas C of E Academy 525
The Brookfield School 2,298
Support for Dance Lessons for an individual (Joint
Funding) 500
Bursary for an Individual 375
Bursary for an Individual 750
Carpet Cleaning Course for an individual 128
7,481
Hereford College of Arts Hereford College of Arts 2,500
Feral Productions 1,500
Hereford College of Arts 3,692
Brian Hatton Awards Payments 2020/21 -
Returned (1,500)
6,192
Hergest Fund St Mary Kington PCC Church Organ 800
800

Draft Financial Statements at 01 October 2024 at 16:29:38 HEREFORDSHIRE COMMUNITY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

30 Grant Listing

(Continued)

High Sheriff Fund Shrievel Lecture at the Green Dragon 1,014
Community Chaplaincy Association 1,000
Hereford City of Sanctuary 1,000
The Cracked Slipper Company 1,000
South Wye Development Trust 1,000
The Cartshed 1,000
Longlands Care Farm 1,000
Close House Projects 1,000
Christian Life Church 1,000
Hope Support Services 1,000
Hereford Football Association 1,000
Herefordshire Young & Young Adult Carers 1,000
Hereford & Worcester First Responders 1,000
13,014
Jack Hughes Fund Training Accreditations for 5 individuals 943
Herefordshire Rural Hub 1,000
1,943
Joanies Fund Up 'N Away 1,680
Gympanzees 1,075
Young & Inspired 3,500
The A.P.E Project 2,000
Winchester Youth Counselling 3,680
Circus Eruption 3,500
Growing Change CIC 3,500
Portsmouth & Portland Sailing Trust 3,906
The Amber Foundation 3,513
Bournemouth Churches 3,000
Migrant Empowerment Group 185
Get Set Girls 1,510
Harry's Pals 1,000
Cambridge Film Trust 2,200
Helping Angels Charitable Trust 1,500
Equal Vision CIC 1,800
Craftspace 1,182
The Ethel Trust 2,800
The British Horse Society 1,650
Hothouse Theatre 1,426
Outkast Panda Crew 2,000
Kent Enterprise Trust 750
Ormiston Families 1,082
Youth Dream (Selsey) Ltd 1,300
Good Nugget Academy 2,900
The Matrix 2,500
Audio Active 3,000
Ledbury Poetry Festival 3,000
British Disabled Angling Association 1,000
Kingswood Arts CIC 3,000
Young Star Mentoring 3,000

Draft Financial Statements at 01 October 2024 at 16:29:38 HEREFORDSHIRE COMMUNITY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

30 Grant Listing (Continued)
68,138
Richard Bulmer Fund Black Mountain Chamber Music 3,000
Encore Enterprises 4,826
7,826
Charles & Anna Saunders Herefordshire Light Infantry Museum
Family Trust Fund 3,000
3,000
Wye Valley National Wye Play
Landscape Fund 1,000
Wye Float 1,000
Braptom Abbotts Parish Hall 2,000
Hunderton Community Garden 1,500
5,500
Emergency Flood Appeal Greyfriars Flood Group
Fund 1,000
Eardisland Village Hall 987
9 x Flood Relief Grants 2,250
4,237
George's Fund The Cart Shed 5,000
Haygrove Community Garden 4,800
St Thomas Cantilupe C of E Primary School 4,200
The Family Place Foundation 4,928
Growing Local 4,985
Cultivating Learning 4,879
Aspire Living 2,920
MollyOlly's Wishes 1,000
#Be More Frank (The Big Give) 999
Platinum Celeb Ltd Sponsorship 800
34,511
Hereford Times Christmas Close House
Appeal 1,486
1,486
The Queen's Green CanopyFinal payment of the Castle Green Bench 1,605
1,605
Addressing Fuel Poverty 37 grants for fuel & energy costs to households
living in fuel poverty 18,000
18,000
Household Support Fund 309 grants for fuel & energy costs & the purchase
of white goods to individuals living in fuel poverty. 142,991
142,991
Logistics Aid Funding towards 2 trips carrying aid to Ukraine 3,521
3,521

Draft Financial Statements at 01 October 2024 at 16:29:38 HEREFORDSHIRE COMMUNITY FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

30 Grant Listing (Continued)
Green Oak Fund Herefordshire Green Network 18,000
Hands Up for the Planet 380
18,380
Community Warm Spaces Kingstone Village Hall 2,000
Staunton on Wye Village Hub 1,280
Lea Lunch Club 660
The Living Room 2,000
St Martins with St Francis Hub 660
Yarpole Parish Good Neighbour Scheme 290
6,890
HCF Mental Health Fund Herefordshire College of Arts 4,528
Herefordshire Mencap 2,154
Mentor Link 4,070
Herefordshire & Worcestershire Health & Care
NHS Trust 991
11,743
Herefordshire Together Age UK Worcestershire & Herefordshire Localities 10,000
West Mercia Rape & Sexual Abuse Support
Centre 8,538
Ross-on-Wye Community Development Trust 15,000
Hereford Community Farm 19,060
Connexus Homes 1,000
Hope Support Services 15,612
Arts & Crafts Community Centre 990
Home-Start Herefordshire 20,000
At the Hub 20,000
Open Arms Kington 15,000
Growing Local 9,403
Hereford Nature through Nurture 1,761
136,364
592 grants given out in total £748,110