# **Cornwall Community Foundation (Limited by Guarantee) Trustees’ Report and Financial Statements**
**For the year ended 31 December 2020**
`Charity registration number 1099977 Company registration number 04816191`
## `Cornwall Community Foundation`
## `Contents`
||_Page_|
|---|---|
|Report of the Board of Trustees|1 – 7|
|Independent auditors’ report|8 – 11|
|Statement of financial activities|12|
|Balance sheet|13|
|Statement of cash flows|14|
|Notes to statement of cash flows|15|
|Notes to the financial statements|16 – 38|
## `Cornwall Community Foundation`
## `Report of the Board of Trustees`
_For the year ended 31 December 2020_
`The Board of Trustees present their annual report for the year ended 31 December 2020, together with the audited financial statements for the year which are also prepared to meet the requirements for a directors’ report and financial statements for Companies Act purposes.`
`The financial statements comply with the Charities Act 2011, Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting for 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 (FRS102).`
## `Purpose and activities`
## **Charitable purposes**
`These are:`
- `The promotion of any charitable purposes for the benefit of the community in the county of Cornwall and the Isles of Scilly and in particular the advancement of education, the protection of good health, both mental and physical and the relief of poverty and sickness.`
- `Other exclusively charitable purposes in the United Kingdom and elsewhere which are in the opinion of the trustees beneficial to the community including those in the area of benefit.`
## **Public benefit, aims and objectives**
`The charity complies with the public benefit requirement through its grant making programmes.`
`We want Cornwall & the Isles of Scilly to be a great place to live for everyone - a place where people work together to address disadvantage and build strong, resilient communities.`
`Our mission is to inspire local giving to meet local needs. We aim to make sustainable funding available to address disadvantage and build strong communities by promoting effective philanthropy.`
`We have three strategic priorities:`
- `To increase substantially the funds at our disposal;`
- `To deliver an efficient and effective grants programme;`
- `To be at the core of the voluntary sector in Cornwall.`
`The trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the charity’s aims and objectives and in planning future activities and setting the grant making policy each year.`
`The grant making programmes are wholly directed at supporting community groups within Cornwall and the Isles of Scilly.`
`The charity’s fund development work is aimed at ensuring the funds continue to be available in the future so that income can be generated to continue to support the above groups for the benefit of the residents in the county.`
`In addition to the guidance from Charity Commission and the Fundraising Regulator the trustees have also used the Charity Governance Code as their frame of reference.`
`1`
## `Cornwall Community Foundation`
## `Report of the Board of Trustees`
_For the year ended 31 December 2020_
## `Strategic report`
## **Review of achievements and plans for the future (incorporating Chairman’s Report)**
`In 2020 the Cornwall Community Foundation (CCF) awarded £1,644,365 to 741 community projects and individuals. Cornwall’s wide range of community projects were more needed than ever and our experienced CCF team was well prepared to help them respond to the emerging crisis. We know how to react fast and effectively to ensure that those who need help get it as quickly as possible, and launched the Cornwall Emergency Appeal before lockdown started. Our network of community groups needed urgent help, and the large amount of donations enabled us to respond immediately. From foodbanks and homeless shelters to medicine deliveries and bereavement services, our funding meant that these incredible groups could pull out all the stops to help everyone in their communities`
`Since 2003, the CCF has awarded more than £11 million to 6,000 local, grass-roots projects in Cornwall and the Isles of Scilly. At the end of 2020, CCF’s assets totalled £8,869,295 (an increase of £571,157 in the year), of which, total funds held and managed in the CCF’s endowment was £6,568,610 (a reduction of £456,703 in the year). Due to market volatility it was more challenging than ever to maintain at least the real value of the assets. The investment objective of the CCF is to produce the best financial return from its endowment within an acceptable level of risk.`
`Our fund development in 2020 heavily focused on the Covid response. Donations reached £1,918,005 to the Emergency and Build Back Better Appeals by the end of 2020. We couldn’t have helped so many people in Cornwall without the £597,037 donation from UK Community Foundations (UKCF), the National Emergencies Trust (NET) and the Department for Digital, Culture, Media & Sport (DCMS). The Duke of Cornwall’s Benevolent Fund donated £220,000 and Cornwall Council donated £100,000 to the CCF. £24,000, match funded to make a total of £48,000, was raised by the Cornwall Christmas Fair Committee on an online event as the Fair hosted by the Eden project couldn’t take place due to Covid restrictions. The Police and Crime Commissioner for Devon, Cornwall and the Isles of Scilly donated £14,380 to help community groups that focus on activities that reduce antisocial behaviour.`
`We are very grateful to our Patron, HRH The Duchess of Cornwall, for hosting a small tea party at Clarence House on 8 October to launch the Build Back Better Appeal. This has been without doubt an incredibly challenging time for everyone and we have been moved by the generosity of our supporters who have donated to help others in need even though they themselves may be experiencing difficulties. Half of the donations to our Emergency and Build Back Better Funds came from private donors and we are so grateful to them all. More than half of the donations came from outside of Cornwall from people who feel passionate about Cornwall and the Isles of Scilly. This also shows the strength of our Cornwall Club.`
`The Emergency and Build Back Better Funds distributed £1,057,472 by the end of 2020. The impact of the Covid crisis on our communities is far from over - our Crisis Fund made 158 awards to 60 organisations totalling £91,270 in 2020. In 2020, we temporarily suspended non-priority grant awarding to enable us to focus on the emergency response. We reopened our funds in the autumn and The Lord Lieutenant’s Fund for Youth awarded £28,602 to gifted young people.`
`Our Business Club awarded a total of £25,672 to 12 community projects in 2020. Many of our business supporters helped us beyond their membership fees, including Lillicrap Chilcott, Savills Estate Agents, John Bray and Partners Ltd, Rodda’s Creamery and St Austell Printing Company.`
`Our Friends membership scheme had 377 members at the end of 2020 and our Friends responded very generously to our appeals.`
`2`
## `Cornwall Community Foundation`
## `Report of the Board of Trustees`
_For the year ended 31 December 2020_
## **Review of achievements and plans for the future (incorporating Chairman’s Report) (continued)**
`We are dedicated to adhere to the highest fundraising standards and have registered with the Fundraising Regulator.`
`During the pandemic our staff noticed more fraudulent applications for funding. A successful fraudulent application was awarded £1,775. A £20,000 grant payment was fraudulently made to a third party and this was refunded by the bank, with no loss of funds for the CCF. All applications have been reported to Action Fraud and the Charity Commission as serious incidents. The Charity Commission responded that they felt assured that the trustees are dealing with the matter appropriately and responsibly. We reviewed our procedures and have developed further procedures and guidelines to prevent fraud. Staff and trustees participated in a training session by Devon and Cornwall Police’s Cyber Protect Officers.`
`Our ambition remains to increase our endowment to £10m and to respond to the need appropriately. We are committed to meeting the increasing demand on funding by bringing together people who want to help Cornish communities with projects that make a real difference.`
`We aim to work closer with professional advisors to support their clients’ charitable goals. We offer similar support to corporate donors who have an interest in the local community and are interested in putting their corporate social responsibility into practice.`
`Almost all income generation activity is undertaken by CCF trustees and staff or on our behalf through introductions made by ambassadors and volunteers. We also connect to potential donors and partners through networking and by raising our profile through communications.`
`We will not:`
- `use direct marketing, telephone, doorstep or on-street fundraising;`
- `use professional fundraising agencies to raise income on our behalf; or`
- `share information about donors or supporters without their express permission.`
`The CCF maintains records of all complaints received and during the year received no complaints on its fundraising activities.`
`Our actions in 2020 demonstrated that the CCF is firmly placed at the heart of our communities and no other organisation has the same reach to grassroots community projects. Against the difficult backdrop of the pandemic the CCF trustees, staff and volunteers went above and beyond to meet the sharply increasing need in our communities. I would like to extend heartfelt thanks to them for their dedication and enthusiasm that made Cornwall and the Isles Scilly a better place for one and all during a very challenging 2020.`
`We still strive to work harder to build back better our communities after the effects of the pandemic.`
**Jane Hartley DL** _Chairman_
`3`
## `Cornwall Community Foundation`
## `Report of the Board of Trustees`
_For the year ended 31 December 2020_
## **Financial review**
`The total income for the year was £3,140,760 (2019: £2,717,133). Total expenditure was £1,964,300 (2019: £1,045,449), giving net incoming movement in funds for the year of £571,157 (2019: incoming £2,422,306) after investment losses of £605,303 (2019: gains of £750,622).`
`At the year-end total charity funds were £8,869,295 (2019: £8,298,138). This consisted of endowment funds of £6,568,610 (2019: £7,025,313), restricted funds of £1,861,417 (2019: £1,021,341) and unrestricted funds of £439,268 (2019: £251,484).`
## **Investment powers and policy**
`Under the Memorandum and Articles of Association, the charity has the power to make any investments which the trustees see fit. The trustees regularly review internal financial information to ensure their financial position is such that it is adequate to provide sufficient resources to perform the charity’s objects in all types of conditions and to act accordingly. The trustees have reflected on the need to balance risk and return on its reserves and have decided to maintain a balance between equity investments and interest bearing accounts.`
## **Grant making policy**
`The charity considers applications for funding support on a regular basis. Applications are reviewed against specific criteria and the amount granted is based on available funds.`
## **Reserves policy**
`It is the trustees’ view that it is prudent to accumulate free reserves to be able to cover anticipated administration costs to sustain its operations, during any period when income generating activities may temporarily cease. The trustees therefore consider that reserves should be held to finance at least nine months of budgeted operating costs which is approximately £240,000. At the year end the general fund was £432,302 (2019: £218,784). The level of reserves held is closely monitored by the trustees.`
`4`
## `Cornwall Community Foundation`
## `Report of the Board of Trustees`
_For the year ended 31 December 2020_
## **Reference and Administrative Details**
**Name of Charity:** `Cornwall Community Foundation` **Charity registration number:** `1099977` **Company registration number:** `04816191` **Governing instrument:** `Memorandum and Articles of Association dated 1 July 2003 as amended 14 July 2010 and 17 January 2020` **Principal address and registered office:** `Suite 1, Sheers Barton, Lawhitton, Launceston, Cornwall, PL15 9NJ` **Website:** `www.cornwallcommunityfoundation.com` **Patron:** `HRH The Duchess of Cornwall` **President:** `Colonel Edward Bolitho OBE, Lord-Lieutenant of Cornwall` **Vice Presidents:** `The Rt Rev Timothy Thornton, Bishop at Lambeth Mr James Williams DL The Hon Evelyn Boscawen DL` **Officers:** `Mr Tamas Haydu Chief Executive Mr Richard Pollock Company Secretary` **Board of Directors/Trustees:** `Mrs Jane Hartley DL (Chairman) Mr Timothy Smith FCA (Vice Chairman) Mrs Natercia Hughes FCCA DChA (Treasurer) The Hon Evelyn Boscawen DL Resigned 22 October 2020 Mr Toby Ashworth Mr Kim Conchie Mr Jonathan Cunliffe Resigned 31 December 2020 Mr John Ede MBE Resigned 22 October 2020 Mr Sam Galsworthy Mrs Deborah Hinton OBE Resigned 31 December 2020 Mrs Emma Mantle Resigned 29 July 2021 Mrs Nicola Marquis Resigned 29 July 2021 Mr Thomas Van Oss Miss Daphne Skinnard DL Mr James Williams DL Resigned 22 October 2020 Mrs Jane Trahair The Rt Rev Philip Mounstephen, Bishop of Truro Appointed 13 February 2020 Mr Daiman Baker Appointed 22 October 2020 Mr Jeremy Sharp Appointed 22 October 2020 Mrs Gillian Pipkin Appointed 22 October 2020` **Auditors:** `RRL LLP, Peat House, Newham Road, Truro, Cornwall TR1 2DP` **Solicitors:** `Coodes LLP, 8 Race Hill, Launceston, Cornwall PL15 9BA` **Bankers:** `National Westminster Bank Plc, 3 St Nicholas Street, Truro, Cornwall TR1 2RN`
`5`
## `Cornwall Community Foundation`
## `Report of the Board of Trustees`
_For the year ended 31 December 2020_
## **Structure, Governance and Management**
`The Cornwall Community Foundation is constituted as a company limited by guarantee and was incorporated on 1 July 2003 and registered as a charity on 10 October 2003. The charity is administered by a board of trustees which meets a minimum of three times a year. A Chief Executive, who is not a trustee, is appointed by the board to manage the day-to-day operations of the charity.`
## **Recruitment and induction of trustees**
`Suitable candidates are selected by the existing trustees and invited to become trustees. New trustees are invited to the CCF office for an induction meeting with the Chief Executive and the team in order to gain further understanding of the operations of the CCF. In addition, all Trustees are invited to attend the Grants Committee meetings. Trustees are also invited to training opportunities such as conferences and training courses to deepen their understanding of the context for the network of Community Foundations.`
## **Pay policy for senior staff**
`The pay of the senior staff is reviewed annually. In view of the nature of the charity, the directors benchmark against pay levels in other similar organisations.`
## **Related parties**
`None of the trustees receive remuneration or other benefit from their work with the charity.`
`Any connection between a trustee or senior staff member with a grant recipient or supplier of the charity is disclosed to the board of Trustees in the same way as any other contractual relationship with a related party.`
`In the current year no such related party transactions were reported.`
## **Risk assessment**
`The trustees have assessed the principal risks and uncertainties to which the charity is exposed and have established systems to mitigate those risks. The principal financial risk is a loss of income through falling donations and investment performance. This is monitored to ensure expenditure is kept within the funds available. This is an ongoing procedure and is subject to regular review.`
`A risk assessment is carried out annually as part of the CCF’s Quality Assurance accreditation, covering all aspects of the charity’s activities and scored according to probability and impact. Remedial measure is taken where required.`
`6`
## `Cornwall Community Foundation`
## `Report of the Board of Trustees`
_For the year ended 31 December 2020_
## **Statement of trustees’ responsibilities**
`The trustees (who are also directors of Cornwall Community Foundation, for the purposes of company law) are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).`
`Charity 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 charitable company and of the incoming resources and application of resources, including income and expenditure of the charitable company for that period. In preparing those financial statements, the directors are required to:`
- `select suitable accounting policies and then apply them consistently;`
- `observe the methods and principles of the SORP;`
- `make judgements and estimates that are reasonable and prudent;`
- `state whether applicable UK Accounting Standards have been followed subject to any material departures disclosed and explained in the financial statements; and`
- `prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.`
`The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company’s transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006 and the Charities Act 2011. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.`
## **Statement of disclosure to auditor**
`So far as the trustees are aware, there is no relevant audit information of which the charitable company’s auditors are unaware. Additionally, the trustees have taken all the steps that they ought to have taken as trustees in order to make themselves aware of any relevant audit information and to establish that the charitable company’s auditors are aware of that information.`
`This report has been prepared in accordance with the special provision of part 15 of the Companies Act 2006 relating to small companies.`
`In approving the Report of the Board of Trustees we also approve the Strategic Report included therein, in our capacity as company directors.`
`Signed on behalf of the Trustees by`
**Natercia Hughes FCCA, DChA** _Treasurer_
`Suite 1 Sheers Barton Lawhitton LAUNCESTON Cornwall PL15 9NJ 29 July 2021`
`7`
## `Cornwall Community Foundation`
## `Independent auditors’ report to the Members of Cornwall Community Foundation`
## **Opinion**
`We have audited the financial statements of Cornwall Community Foundation (the ‘charity’) for the year ended 31 December 2020 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the 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:`
- `give a true and fair view of the state of the charitable company's affairs as at 31 December 2020 and of its incoming resources and application of resources, including its income and expenditure for the year then ended;`
- `have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and`
- `have been prepared in accordance with the requirements of the Companies Act 2006.`
## **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 charitable company 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 charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.`
`Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.`
## **Other information**
`The other information comprises the information included in the trustees’ 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, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.`
`8`
## `Cornwall Community Foundation`
## `Independent auditors’ report to the Members of Cornwall Community Foundation`
`In connection with our audit of the financial statements, 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. 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.`
## **Opinions on other matters prescribed by the Companies Act 2006**
`In our opinion, based on the work undertaken in the course of our audit:`
- `the information given in the trustees' report, which includes the directors’ report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements; and`
- `the directors’ report included within the trustees' report has been prepared in accordance with applicable legal requirements.`
## **Matters on which we are required to report by exception**
`In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report included within the trustees' report.`
`We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:`
- `adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or`
- `the financial statements are not in agreement with the accounting records and returns; or`
- `certain disclosures of trustees' remuneration specified by law are not made; or`
- `we have not received all the information and explanations we require for our audit; or`
- • `the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies’ exemptions in preparing the trustees' report and from the requirement to prepare a strategic report.`
## **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.`
`9`
## `Cornwall Community Foundation`
`Independent auditors’ report to the Members of Cornwall Community Foundation`
## **Auditor's responsibilities for the audit of the financial statements**
`Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an 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.`
`Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.`
`As part of our audit work, we obtained an understanding of the legal and regulatory frameworks applicable to the charity and the sector in which they operate. Given the activities of the charity, we determined that the most significant laws and regulations were those that have a direct impact on the preparation of the financial statements such as the Charities Act 2011, the Companies Act 2006 and compliance with the Charities Statement of Recommended Practice.`
`The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below:`
- `Discussion with management as to how compliance with these laws and regulations is monitored;`
- `Enquiries of management concerning actual and potential litigation and claims;`
- `Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;`
- `Reviewing minutes of trustee meetings and correspondence with regulators;`
- `Performing audit work in connection with the risk of management override of controls, including testing journal entries for reasonableness and evaluating the business rationale of significant transactions outside the normal course of business.`
`We also communicate relevant identified laws and regulations and potential fraud risk to all engagement team members and remain alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.`
`Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.`
`A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: https://www.frc.org.uk/Our-Work/Audit/Audit-andassurance/Standards-and-guidance/Standards-and-guidance-for-auditors/Auditors-responsibilitiesfor-audit/Description-of-auditors-responsibilities-for-audit.aspx. This description forms part of our auditor's report.`
`10`
## `Cornwall Community Foundation`
## `Independent auditors’ report to the Members of Cornwall Community Foundation`
## **Use of our report**
`This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.`
**Mark Williams FCA DChA** `(Senior Statutory Auditor) For and on behalf of RRL LLP`
`Peat House Newham Road TRURO Cornwall TR1 2DP`
`24 August 2021`
`11`
## `Cornwall Community Foundation`
## `Statement of financial activities`
## `(incorporating income and expenditure account)`
_For the year ended 31 December 2020_
|||Endowment|Restricted|Unrestricted|**2020**|2019|
|---|---|---|---|---|---|---|
|||Funds|Funds|Funds|**Total**|Total|
||_Notes_|£|£|£|**£**|£|
|**Income**|||||||
|Donations and legacies|_3_|128,689|2,553,094|190,088|**2,871,871**|2,431,835|
|Income from trading activities|_5_|-|6,797|7,492|**14,289**|43,660|
|Investment income|_6_|13,924|229,643|11,033|**254,600**|241,638|
|||________|________|________|**________**|________|
|**Total income**||142,613|2,789,534|208,613|**3,140,760**|2,717,133|
|||________|________|________|**________**|________|
|**Expenditure**|||||||
|Expenditure on raising funds|_7_|16|13,271|2,066|**15,353**|20,026|
|Expenditure on charitable|||||||
|activities|_8_|21,110|1,660,058|267,779|**1,948,947**|1,025,423|
|||________|________|________|**________**|________|
|**Total expenditure**||21,126|1,673,329|269,845|**1,964,300**|1,045,449|
|||________|________|________|**________**|________|
|**Net income/(expenditure) for**|||||||
|**the year before net gains on**||121,487|1,116,205|(61,232)|**1,176,460**|1,671,684|
|**investments**|||||||
|Net (losses)/gains on investments||(562,775)|(16,794)|(25,734)|**(605,303)**|750,622|
|||________|________|________|**________**|________|
|**Net (expenditure)/income for the year**|**Net (expenditure)/income for the year**|**(441,288)**|**1,099,411**|**(86,966)**|**571,157**|2,422,306|
|Transfers between funds||(15,415)|(259,335)|274,750|**-**|-|
|||________|________|________|**________**|________|
|**Net movement in funds**|_12_|(456,703)|840,076|187,784|**571,157**|2,422,306|
|**Reconciliation of funds**|||||||
|Total funds brought forward||7,025,313|1,021,341|251,484|**8,298,138**|5,875,832|
|||________|________|________|**________**|________|
|**Total funds carried forward**||**6,568,610**|**1,861,417**|**439,268**|**8,869,295**|8,298,138|
`All income and expenditure are derived from continuing activities.`
`The statement of financial activities includes all gains and losses recognised in the year.`
`12`
## `Cornwall Community Foundation`
## `Balance sheet`
|Balance sheet||||||
|---|---|---|---|---|---|
|_As at 31 December 2020_||||||
||||**2020**||2019|
||_Notes_|**£**|**£**|£|£|
|**Fixed assets**||||||
|Tangible assets|_15_||**1,878**||-|
|Investments|_16_||**6,628,908**||7,157,398|
||||**________**||**________**|
||||**6,630,786**||7,157,398|
|**Current assets**||||||
|Debtors|_17_|**120,446**||23,971||
|Cash in bank - deposit accounts||**1,080,515**||579,674||
|Cash in bank - current accounts||**1,059,311**||552,933||
|Cash in hand||**65**||89||
|||**________**||________||
|**Total current assets**||**2,260,337**||1,156,667||
|**Creditors: amounts falling due within**||||||
|**one year**|_18_|**(21,828)**||(15,927)||
|||**________**||||
|**Net current assets**|||**2,238,509**||1,140,740|
||||**________**||________|
|**Net assets**|_20_||**8,869,295**||8,298,138
|
|**Funds of the charity**||||||
|Endowment funds|_21_||**6,568,610**||7,025,313|
|Restricted funds|_22_||**1,861,417**||1,021,341|
|Unrestricted funds|_23_||**432,302**||218,784|
|Revaluation reserve|_23_||**6,966**||32,700|
||||**________**||________|
|**Total charity funds**|||**8,869,295**||8,298,138|
`The financial statements are prepared in accordance with the special provisions of Part 15 of the Companies Act relating to small companies and constitute the financial statements required by the Companies Act 2006 and are for circulation to the members of the company.`
`Signed on behalf of the trustees by:`
## **Natercia Hughes FCCA, DChA**
## _Treasurer_
`Approved and authorised for issue by the trustees on: 29 July 2021`
`Company registration No. 04816191`
`13`
## `Cornwall Community Foundation`
## `Statement of cash flows`
_For the year ended 31 December 2020_
|Statement of cash flows
_For the year ended 31 December 2020_||||||
|---|---|---|---|---|---|
||||**2020**||2019|
||_Notes_|**£**|**£**|£|£|
|**Cash flows from operating activities:**||||||
|Net cash provided by operating activities|_1_||**832,225**||1,411,418|
|**Cash flows from investing activities:**||||||
|Payments for purchase of fixed assets||**(2,817)**||-||
|Investment income received||**254,600**||241,638||
|Payments for purchase of investments||**(554,531)**||(1,283,723)||
|Proceeds from sale of investments||**477,718**||6,917||
|||**________**||**________**||
|Net cash provided by/(used in) investing||||||
|activities|||**174,970**
||(1,035,168)
|
|**Change in cash and cash equivalents**||||||
|**in the reporting period**|||**1,007,195**||376,250|
|Cash and cash equivalents at the||||||
|beginning of the reporting period|||**1,132,696**
||756,446|
|**Cash and cash equivalents at the end**||||||
|**of the reporting period**|||**2,139,891**||1,132,696|
`14`
## `Cornwall Community Foundation`
## `Notes to the statement of cash flows`
_For the year ended 31 December 2020_
## **1 Reconciliation of net income to net cash provided by operating activities**
||**2020**|2019|
|---|---|---|
||**£**|£|
|Net income for the reporting period (as per the statement of|||
|financial activities)|**571,157**|2,422,306|
|_Adjusted for:_|||
|Depreciation|**939**|-|
|Investment income|**(254,600)**|(241,638)|
|Losses/(gains) on investments|**605,303**|(750,622)|
|Increase in debtors|**(96,475)**|(8,044)|
|Increase/(decrease) in creditors within one year|**5,901**|(10,584)|
||**________**|**________**|
|**Net cash provided by operating activities**|**832,225**|1,411,418|
`15`
## `Cornwall Community Foundation`
## `Notes`
_(forming part of the financial statements)_
## **1 General information**
`The company is incorporated as a company limited by guarantee and does not have share capital. In the event of the company being wound up each member is liable to contribute a sum not exceeding £10 towards the debts and liabilities of the company and the costs, charges and expenses of winding up. There were 15 members at 31 December 2020 (2019: 17).`
## **2 Summary of significant accounting policies**
## **2.1** _**`Accounting convention`**_
`The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (Charities SORP (FRS 102)) and the Companies Act 2006.`
`Cornwall Community Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note. The financial statements are prepared in Sterling which is the functional currency of the charity and rounded to the nearest £.`
## **2.2** _**`Income`**_
`Incoming resources including grants receivable are accounted for in the period in which the charitable company is entitled to receipt.`
`No amount is included in the financial statements for volunteers’ time in line with the SORP (FRS102).`
## **2.3** _**`Bequests and legacies`**_
`A legacy or bequest is recognised in the financial statements when the certainty of receipt and the amount receivable has been established.`
## **2.4** _**`Expenditure`**_
`Expenditure is included on an accruals basis. The irrecoverable element of VAT is included with the item of expense to which it relates.`
`Certain expenditure is directly attributable to specific activities and has been included in those cost categories. Other costs, which are attributable to more than one activity, are apportioned across cost categories on the basis of an estimate of the proportion of time spent by staff on those activities.`
`Grants payable are charged in the period when the offer is conveyed to the recipient except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the period end are noted as a commitment, but not accrued as expenditure.`
## **2.5** _**`Unrestricted and designated funds`**_
`These funds have been made available to the trustees without specific conditions. The use of unrestricted funds is entirely at the discretion of the trustees. Designated funds are unrestricted funds earmarked by the trustees for particular purposes.`
## **2.6** _**`Restricted funds`**_
`These funds are made available to the trustees with specific conditions imposed by the donors as to the nature of their use.`
`16`
## `Cornwall Community Foundation`
## `Notes`
_(forming part of the financial statements)_
## **2.7** _**`Endowment funds`**_
`These include a permanent endowment fund which is to be held permanently and only the income from it is used for charitable activities. Expendable endowment funds are primarily held to provide income but the trustees also have the option to spend the fund capital on charitable activities.`
## **2.8** _**`Transfers`**_
`Transfers are made when appropriate from a specific fund to recover costs incurred not charged directly to that fund.`
## **2.9** _**`Taxation`**_
`The company is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the test set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.`
## **2.10** _**`Employee benefits`**_
`When employees have rendered service to the charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.`
`The charity operates a defined contribution pension plan for the benefit of its employees. Contributions are expensed as they become payable.`
## **2.11** _**`Tangible fixed assets`**_
`Tangible fixed assets are stated at costs (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.`
`Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:`
`Fixtures, fittings & equipment 3 years`
## **2.12** _**`Fixed asset investments`**_
`Investments are stated in the financial statements at fair/market value. Unrealised gains on investments are calculated by reference to the difference between fair/market value from one year to the next. Realised gains or losses are calculated by reference to the difference between proceeds of sale and the carrying value of the investment at the previous year end.`
## **2.13** _**`Debtors and creditors`**_
`Debtors receivable and creditors payable within one year are recorded at transaction price.`
## **2.14** _**`Operating leases`**_
`Rental charges are charged in the statement of financial activities on a straight line basis over the life of the lease.`
`17`
## `Cornwall Community Foundation`
## `Notes`
_(forming part of the financial statements)_
## **3 Donations and legacies**
|**Donations and legacies**||||||
|---|---|---|---|---|---|
||Endowment|Restricted|Unrestricted|||
||funds|funds|funds|**2020**|2019|
||£|£|£|**£**|£|
|Legacies|-|6,697|-|**6,697**|2,138|
|Donations and grants (see||||||
|note 4)|103,689|2,546,139|44,519|**2,694,347**|2,358,649|
|Friends|-|45|24,894|**24,939**|25,548|
|Gift Aid|25,000|213|120,675|**145,888**|45,500|
||________|________|________|**________**|________|
||128,689|2,553,094
|190,088|**2,871,871**|2,431,835|
|For the year ended 31||||||
|December 2019|1,360,372|988,951|82,512||2,431,835|
`18`
## `Cornwall Community Foundation`
## `Notes`
_(forming part of the financial statements)_
|**4**|**Donations and grants**||||||
|---|---|---|---|---|---|---|
|||Endowment|Restricted|Unrestricted|||
|||funds|funds|funds|**2020**|2019|
|||£|£|£|**£**|£|
||_Grants and donations received:_||||||
||_Community First_||||||
||Social Action|_-_|_-_|_-_|**-**|137,131|
||Tregothnan Foundation|_-_|_-_|_-_|**-**|6,000|
||_Renewables (wind and solar)_||||||
||Boyton Solar & Wind Farms|_-_|9,253|_-_|**9,253**|12,175|
||East Langford Solar Farm|_-_|31,926|_-_|**31,926**|34,614|
||Goonhilly Wind Farm|_-_|60,912|_-_|**60,912**|59,319|
||Kala Power Ltd|_-_|35,993|_-_|**35,993**|35,047|
||Low Carbon Solar|_-_|17,902|_-_|**17,902**|19,384|
||Luxulyan Parish Council|_-_|22,467|_-_|**22,467**|10,835|
||Manor Solar Farm|_-_|31,938|_-_|**31,938**|34,614|
||North Petherwin Community Fund|_-_|-|_-_|**-**|7,761|
||Papillon Turbine Fund|_-_|8,000|_-_|**8,000**|8,000|
||Ruth Burden Community Trust Fund|_-_|10,000|_-_|**10,000**|10,000|
||_Trust appeals_||||||
||Fifteen/Cornwall Food Foundation|-|7,793|_-_|**7,793**|17,710|
||Terence Beer Trust|_-_|-|_-_|**-**|25,313|
||Winter Fuel Payments Fund|_-_|15,586|_-_|**15,586**|19,850|
||_Other_||||||
||Albert Van Den Bergh / Jane Hartley||||||
||Fund|_-_|10,000|_-_|**10,000**|-|
||Amaranth Fund|_-_|_-_|_-_|**-**|-|
||Bude Area Fund|_-_|10,000|_-_|**10,000**|-|
||Business Club|_-_|36,680|_-_|**36,680**|47,635|
||Caradon ACF|_-_|17,725|_-_|**17,725**|-|
||Clare Milne Fund|_-_|_-_|_-_|**-**|10,000|
||Cornwall Club|_-_|106,222|_-_|**106,222**|112,537|
||Cornwall Crimebeat Fund|_-_|26,283|_-_|**26,283**|1,400|
||Cornwall Glass & Glazing|6,050|_-_|_-_|**6,050**|6,600|
||Cornwall Women's Fund|_-_|_-_|_-_|**-**|21,820|
||Crisis Fund|_-_|19,680|_-_|**19,680**|22,386|
||Emergency Fund|_-_|1,755,652|_-_|**1,755,652**|-|
||Emergency Fund - Build Back Better|_-_|181,253|_-_|**181,253**|-|
||Goldsmith Fund|_-_|_-_|_-_|**-**|35,000|
||GWR-Job Seekers Fund|_-_|_-_|_-_|**-**|20,013|
||Headland Hotel|_-_|_-_|_-_|**-**|10,000|
||HeadStart Kernow Mental Health||||||
||Programme|_-_|_-_|_-_|**-**|140,000|
||Healeys Charitable Trust Fund|10,000|-|-|**10,000**|10,000|
||Lanherne Fund|-|-|-||100,000|
||Live Well Fund|-|-|-|**-**|10,000|
|||________|________|________|**________**|________|
||Subtotal carried forward|**16,050**|**2,415,265**|-|**2,431,315**|985,144|
`19`
## `Cornwall Community Foundation`
## `Notes`
_(forming part of the financial statements)_
## **4 Donations and grants (continued)**
|||Endowment|Restricted|Unrestricted|||
|---|---|---|---|---|---|---|
|||funds|funds|funds|**2020**|2019|
|||£|£|£|**£**|£|
||Subtotal brought forward|16,050|2,415,265|-|**2,431,315**|985,144|
||Lord Lieutenant's Fund for Youth|_-_|9,300|_-_|**9,300**|8,490|
||Mental Health Fund for Children and||||||
||Young People|_-_|20,000|_-_|**20,000**|12,638|
||North Cornwall Area Acorn Fund|15,640|15,640||**31,280**|34,014|
||Royal London|_-_|_-_|_-_|**_-_**|11,500|
||Tampon Tax Fund|_-_|_-_|_-_|**_-_**|28,489|
||The Trewithen Fund|40,000|10,400|_-_|**50,400**|9,500|
||The Viscountess Boyd Charitable||||||
||Trust|_-_|_-_|_-_|**-**|1,040,000|
||United Downs Geothermal Community||||||
||Fund|_-_|_-_|_-_|**-**|20,000|
||Worval Foundation|30,000|30,000|_-_|**60,000**|120,000|
||#iwill campaign|_-_|29,925|_-_|**29,925**|53,700|
||Other (individually £5,000 or less)|1,999|15,609|_-_|**17,608**|5,460|
||General / Unrestricted donations|_-_|_-_|44,519|**44,519**|29,714|
|||________|________|________|**________**|________|
|||103,689
|2,546,139|44,519|**2,694,347**|2,358,649|
||For the year ended 31 December||||||
||2019|1,360,372
|981,063|17,214||2,358,649
|
|**5**|**Income from trading activities**||||||
||||Restricted|Unrestricted|||
||||funds|Funds|**2020**|2019|
||||£|£|**£**|£|
||Fundraising events||6,797
|7,492
|**14,289**|43,660|
||For the year ended 31 December 2019||4,073|39,587||43,660|
`20`
## `Cornwall Community Foundation`
## `Notes`
_(forming part of the financial statements)_
## **6 Investment income**
|||Endowment|Restricted|Unrestricted|||
|---|---|---|---|---|---|---|
|||funds|funds|funds|**2020**|2019|
|||£|£|£|**£**|£|
||Bank interest|-|307|2,047|**2,354**|3,310|
||Listed investment income|13,352|169,532|8,981|**191,865**|179,330|
||Other investment income|572|59,804|5|**60,381**|58,998|
|||________|________|________|**________**|________|
|||13,924
|229,643
|11,033
|**254,600**|241,638|
||For the year ended 31 December 2019|16,183
|210,726
|14,729
||241,638
|
|**7**|**Expenditure on raising funds**||||||
|||Endowment|Restricted|Unrestricted|||
|||funds|funds|funds|**2020**|2019|
|||£|£|£|**£**|£|
||Marketing and publicity costs|16
|13,271
|2,066
|**15,353**|20,026|
||For the year ended 31 December 2019|94|10,965
|8,967
||20,026|
|**8**|**Expenditure on charitable activities**||||||
|||Endowment|Restricted|Unrestricted|||
|||funds|funds|funds|**2020**|2019|
|||£|£|£|**£**|£|
||Grants payable (note 9)|21,110|1,623,255|-|**1,644,365**|734,870|
||Support costs (note 10)|-|36,803|267,779|**304,582**|290,553|
|||________|________|________|________|________|
|||21,110|1,660,058|267,779|**1,948,947**|1,025,423|
||For the year ended 31 December||||||
||2019|800|771,627|252,996||1,025,423|
`21`
## `Cornwall Community Foundation`
## `Notes`
_(forming part of the financial statements)_
## **9 Grants payable**
|**Grants payable**|||
|---|---|---|
||**2020**|2019|
||**£**|£|
|_Community First_|||
|Social Action|**8,880**|40,003|
|The Tregothnan Foundation|**-**|2,000|
|_Renewables (wind and solar)_|||
|Boyton Solar & Wind Farms|**-**|1,101|
|East Langford Solar Farm|**4,078**|9,613|
|Goonhilly Wind Farm Community Fund|**34,683**|30,040|
|Howton Solar Farm|**-**|-|
|Kala Power Limited|**19,960**|26,085|
|Low Carbon Solar|**-**|7,580|
|Luxulyan Parish Council|**-**|10,300|
|Manor Solar Farm|**-**|46,286|
|North Petherwin Community Fund|**-**|10,520|
|Papillon Turbine Fund|**-**|10,565|
|Ruth Burden Community Trust Fund|**1,100**|4,254|
|Trewen Fund|**2,000**|3,560|
|United Downs Geothermal Community Fund|**-**|16,430|
|_Trust appeals_|||
|Bruce Davis Trust Fund|**-**|4,200|
|Comic Relief Core Strength for Local Communities|**-**|-|
|Emily Bolitho Trust Fund|**6,782**|2,725|
|Terence Beer Trust|**1,500**|4,572|
|The Duke of Cornwall’s Benevolent Fund|**4,485**|4,343|
|Viscountess Boyd Charitable Trust|**13,500**|-|
|Winter Fuel Payments Fund|**27,500**|16,950|
|_Other_|||
|Albert Van Den Bergh / Jane Hartley Fund|**3,693**|12,319|
|Amaranth Fund|**-**|4,000|
|Bright Futures Grant|**-**|1,000|
|Bude Area Fund|**3,928**|9,660|
|Business Club|**27,173**|33,589|
|Caradon Area Community Fund|**25,212**|3,200|
|Clare Milne Fund|**3,790**|5,468|
|Cornwall Crimebeat Fund|**13,996**|-|
|Cornwall Glass and Glazing Fund|**20,860**|800|
|Crisis Fund|**91,270**|44,499|
|Emergency Fund|**1,033,015**|-|
|Emergency Fund - Build Back Better|**144,457**|-|
|Fifteen/Cornwall Food Foundation Fund|**11,365**|14,000|
|Goldsmiths Fund for the Elderly|**17,478**|44,065|
|GWR-Job Seekers Fund|**-**|31,087|
|Headland Hotel|**-**|8,622|
|Karenza Fund|**-**|8,000|
|Live Well Fund|**5,241**|2,500|
|Lord George Fund|**686**|2,718|
|Lord Lieutenant's Fund for Youth|**28,602**|21,612|
|Lord St Levan Fund|**-**|9,650|
|Mental Health Fund for Children and Young People|**1,000**|39,865|
|Mining District Fund|**-**|4,000|
|North Cornwall Area Acorn Fund|**3,000**|13,295|
|Penwith & Isles of Scilly Area Community Fund|**1,000**|11,140|
|Restormel Area Community Fund|**-**|3,161|
||________|________|
|Subtotal carried forward|**1,560,234**|579,377|
`22`
## `Cornwall Community Foundation`
## `Notes`
_(forming part of the financial statements)_
## **9 Grants payable (continued)**
||**2020**|2019|
|---|---|---|
||**£**|£|
|Subtotal brought forward|**1,560,234**|579,377|
|Royal London|**-**|10,000|
|Royston Leigh|**3,000**||
|Tampon Tax Fund|**-**|50,500|
|The Jack Moon & Lors Trust|**-**|4,175|
|The Quinnian Fund|**250**|-|
|The Resettlement Fund|**1,315**|374|
|The Worval Foundation|**28,226**|22,900|
|Trewithen Volunteering Fund|**-**|13,600|
|Tuppenny Fund|**4,231**|13,464|
|#iwill campaign|**47,109**|40,480|
||**_______**|_______|
||**1,644,365**|734,870|
`23`
## `Cornwall Community Foundation`
## `Notes`
_(forming part of the financial statements)_
|**10**|**Support costs**|||
|---|---|---|---|
|||**2020**|2019|
|||**£**|£|
||Rent and rates, light and heat|**9,075**|11,686|
||Wages and salaries (note 13)|**230,650**|202,598|
||Training and other staff costs|**4,800**|5,761|
||Travel and meeting costs|**4,293**|16,970|
||Office equipment hire|**2,294**|2,228|
||Computer and software costs|**3,951**|5,223|
||Office costs and insurance|**5,602**|6,351|
||Postage and telephone|**5,709**|5,400|
||Publicity and website costs|**3,209**|2,146|
||Accountancy|**3,820**|3,090|
||Consultancy and professional fees|**12,862**|14,782|
||Subscriptions|**10,331**|11,088|
||Bank charges and interest|**3,447**|1,560|
||Governance (note 11)|**3,600**|1,670|
||Depreciation|**939**|-|
|||________|________|
|||**304,582**|290,553|
`The allocation of support costs for grants and associated costs is £146,199 (2019: £119,822) and for development and governance is £158,383 (2019: £170,731).`
## **11 Governance**
|**11**|**Governance**||||
|---|---|---|---|---|
||||**2020**|2019|
||||**£**|£|
||Audit fees||**3,600**|1,670|
|**12**|**Net movement in funds**||||
||||**2020**|2019|
||||**£**|£|
||_Is stated after charging:_|_Is stated after charging:_|||
||Auditors remuneration – audit|Auditors remuneration – audit|**3,600**|1,670|
||Auditors remuneration – other services|Auditors remuneration – other services|**3,820**|3,090|
||Operating lease rentals – equipment|Operating lease rentals – equipment|**3,034**|3,034|
|||– property|**9,300**|9,300|
`24`
## `Cornwall Community Foundation`
## `Notes`
_(forming part of the financial statements)_
## **13 Staff costs**
|**Staff costs**|||
|---|---|---|
||**2020**|2019|
||**£**|£|
|Wages and salaries|**208,995**|182,900|
|Social security costs|**14,962**|13,953|
|Pension costs|**6,693**|5,745|
||**________**|________|
||**230,650**|202,598|
`An average of eight (2019: seven) employees were employed on charitable and related activities during the year.`
`The charity operates a defined contribution pension scheme. The pension costs for the year represent contributions payable by the charity to the independently administered pension fund. There were contributions totalling £1,299 payable at the year end (2019: £2,219).`
`The directors (trustees under charity law) received no remuneration.`
`No employee received remuneration in excess of £60,000.`
`Total key management personnel benefits received in the year were £54,974 (2019: £52,311).`
## **14 Transactions with trustees and connected persons**
`Due to the nature of the charity’s operations and composition of the trustees, it is inevitable that transactions will take place with organisations and individuals in which a trustee or persons connected with them, may have an interest. Trustees do not vote on any decision made regarding grants payable to organisations in which they have an interest.`
`No trustees claimed travelling expenses during the year (2019: None).`
## **15 Tangible assets**
|**Tangible assets**|||
|---|---|---|
||**Fixtures,**||
||**fittings and**|**Total**|
||**equipment**||
||**£**|**£**|
|**_Cost_**|||
|At 1 January 2020|-|-|
|Additions|2,817|**2,817**|
||________|**________**|
|**At 31 December 2020**|2,817|**2,817**|
|**_Depreciation_**|||
|At 1 January 2020|-|**-**|
|Depreciation|939|**939**|
||________|**________**|
|**At 31 December 2020**|939|**939**|
|**_Net book value_**|||
|At 31 December 2020|**1,878**
|**1,878**|
|At 31 December 2019|-|-|
`25`
## `Cornwall Community Foundation`
## `Notes`
_(forming part of the financial statements)_
## **16 Investments**
|**Investments**||||
|---|---|---|---|
||**Charifund &**|||
||**Charibond**|**COIF**|**Total**|
||**£**|**£**|**£**|
|**_Valuation_**||||
|At 1 January 2020|5,278,361|1,879,037|7,157,398|
|Additions|229,893|324,638|554,531|
|Disposals|(570,969)|-|(570,969)|
|Revaluation|(644,278)|132,226|(512,052)|
||________|________|________|
|**At 31 December 2020**|**4,293,007**|**2,335,901**|**6,628,908**|
|**_Cost_**||||
|At 31 December 2020|4,412,740|1,605,684|6,018,424|
|At 31 December 2019|4,694,427|1,281,045|5,975,472|
`Charifund and Charibond investments are held with M & G Investments in Equities Investment Fund for Charities and Charities Fixed Interest Common Investment Fund.`
`COIF investments are held with CCLA in COIF Charities Investment Fund Income Units.`
## **17 Debtors**
|||**2020**|2019|
|---|---|---|---|
|||**£**|£|
||Other debtors and prepayments|**120,446**|23,971|
|**18**|**Creditors: amounts falling due within one year**|||
|||**2020**|2019|
|||**£**|£|
||Taxation and social security|**4,949**|3,538|
||Other creditors|**1,299**|3,029|
||Accruals|**15,580**|9,360|
||Deferred income (note 19)|**-**|-|
|||**________**|________|
|||**21,828**|15,927|
`26`
## `Cornwall Community Foundation`
## `Notes`
_(forming part of the financial statements)_
## **19 Deferred income**
|**Deferred income**|||
|---|---|---|
||**2020**|2019|
||**£**|£|
|Balance at 1 January 2020|**-**|13,491|
|Amount released to incoming resources|**-**|(13,491)|
|Income received in advance|**-**|-|
||**________**|________|
|**Balance at 31 December 2020**|**-**|-|
## **20 Analysis of net assets between funds**
||**Endowment**|**Restricted**|**Unrestricted**||
|---|---|---|---|---|
||**funds**|**funds**|**Funds**|**Total**|
||**£**|**£**|**£**|**£**|
|Fixed assets|6,347,123|113,910|169,753|6,630,786|
|Current assets|221,487|1,747,507|291,343|2,260,337|
|Current liabilities|-|-|(21,828)|(21,828)|
||________|________|________|________|
||6,568,610|1,861,417|439,268|8,869,295|
`27`
## `Cornwall Community Foundation`
## `Notes`
_(forming part of the financial statements)_
## **21 Endowment funds**
|**Endowment funds**||||
|---|---|---|---|
||Brought|Movement|**Carried**|
||forward|in year|**forward**|
||£|£|**£**|
|_Permanent Endowments:_||||
|Albert Van Den Bergh/Jane Hartley Fund|37,938|(5,366)|**32,572**|
|Caradon Area Community Fund|275,503|(37,479)|**238,024**|
|Community First - Albert Van Den Bergh/Jane Hartley Fund|429,392|26,557|**455,949**|
|Community First - Dennis Arbon Fund|215,710|13,341|**229,051**|
|Community First - Emily Bolitho Trust Fund|444,362|27,483|**471,845**|
|Community First - Crisis Fund|61,949|3,831|**65,780**|
|Community First - Lord St Levan|257,876|15,955|**273,831**|
|Community First Scheme|328,251|20,296|**348,547**|
|Community First - Tregothnan Foundation|141,496|8,751|**150,247**|
|Business Club|50,919|(6,517)|**44,402**|
|Cornwall Crimebeat|39,448|(5,359)|**34,089**|
|Cornwall Glass & Glazing|192,785|(26,228)|**166,557**|
|Friends of Cornwall Community Foundation|36,656|(4,582)|**32,074**|
|Reg Windpower|28,539|(3,842)|**24,697**|
|Grassroots Fund|86,735|(11,872)|**74,863**|
|The Jack Moon & Lors Trust|130,165|(15,394)|**114,771**|
|The Eddie & Vanessa George Memorial Fund|40,427|(5,505)|**34,922**|
|Mining District Fund|39,877|(5,427)|**34,450**|
|Penwith & Isles of Scilly Area Community Fund|292,880|(50,852)|**242,028**|
|Quinnian Fund|32,006|(4,354)|**27,652**|
|Royston Leigh Fund|65,556|(8,916)|**56,640**|
|Tuppenny/China Clay Fund|533,009|(72,513)|**460,496**|
|Other Funds|9,748|(1,327)|**8,421**|
||________|________|________|
||3,771,227|(149,319)|**3,621,908**|
||________|________|_______|
|_Expendable Endowments:_||||
|Active Bodies Happy Minds/ Mental Health Fund|67,165|(8,714)|**58,451**|
|Amaranth Fund|127,333|(17,499)|**109,834**|
|Bruce Davis Trust|116,752|(15,908)|**100,844**|
|Cornwall Club|25,759|(25,759)|**-**|
|Cornwall Crimebeat|15,814|(2,175)|**13,639**|
|Cornwall Glass & Glazing|17,453|(12,483)|**4,970**|
|Development Endowment Fund|80,016|(39,769)|**40,247**|
|Healeys Charitable Trust Fund|63,533|2,478|**66,011**|
|Karenza Endowment Fund|381,482|(51,866)|**329,616**|
|Lanherne Fund|80,486|41,237|**121,723**|
|Lord Lieutenant's Fund for Youth|382,374|(51,572)|**330,802**|
|North Cornwall Area Fund|129,374|(1,754)|**127,620**|
|Patrixbourne Fund|230,402|(31,706)|**198,696**|
|Ruth Burden Community Trust|20,000|10,000|**30,000**|
|Social Action|130,020|4,247|**134,267**|
|Terence Beer Trust|26,829|(2,944)|**23,885**|
|Tregothnan Foundation|20,857|(1,001)|**19,856**|
|The Trewithen Fund|191,338|16,589|**207,927**|
|Viscountess Boyd Charitable Trust|1,038,891|(144,901)|**893,990**|
|The Worval Foundation|91,734|26,350|**118,084**|
|Other Funds|16,474|(234)|**16,240**|
||________|________|________|
||3,254,086|(307,384)|**2,946,702**|
||________|________|________|
||7,025,313|(456,703)|**6,568,610**|
`28`
## `Cornwall Community Foundation`
## `Notes`
_(forming part of the financial statements)_
## **21 Endowment funds (continued)**
## _Permanent Endowments:_
**Albert Van Den Bergh/Jane Hartley Fund** `– donor directed fund for community projects generally in Newquay area`
**Caradon Area Community Fund** `– legacy fund for community projects in SE Cornwall`
**Community First - Albert Van Den Bergh/Jane Hartley Fund** `- donor directed fund for community projects generally in Newquay area`
**Community First - Dennis Arbon Fund** `– donor directed fund for apprenticeships` **Community First - Emily Bolitho Trust Fund** `– trust transfer to meet community needs in Penzance and surrounds`
**Community First - Crisis Fund** `– trust transfer: emergency support for single parents` **Community First – Lord St Levan -** `legacy fund for the relief of poverty and hardship, and for crisis intervention` **Community First Scheme** `– government match funding challenge for charitable donations` **Community First - Tregothnan Foundation** `– donor directed fund`
**Business Club –** `awards to community projects across Cornwall` **Cornwall Crimebeat -** `fund to support projects that help to reduce offending in Cornwall and the Isles of Scilly` **Cornwall Glass & Glazing** `– donor directed fund for community projects across Cornwall` **Friends of Cornwall Community Foundation** `– CCF’s membership scheme`
**Goonhilly Wind Farm Community Fund** `– REG Windpower community benefit fund for projects in the TR12 postcode area`
**Grassroots Fund** `– government match challenge fund (closed)`
**The Jack Moon & Lors Trust** `– to support voluntary activities in Lostwithiel and St Winnow`
**The Eddie & Vanessa George Memorial Fund** `– memorial fund for Lord & Lady George, to help groups train in information technology`
**Mining District Fund** `– donor directed fund for community projects in the old district of Kerrier` **Penwith & Isles of Scilly Area Community Fund** `– donated fund for community projects in West Cornwall and the Isles of Scilly`
**Quinnian Fund** `– donor directed fund for community projects`
**Royston Leigh Fund** `– donor directed fund for community projects`
**Tuppenny/China Clay Fund** `– donated fund for community projects in the Clay Area` **Other funds** `– other smaller funds for the charity’s objectives`
## _Expendable Endowments:_
**Active Bodies Happy Minds** `– to increase sport & outdoor activity to help young people who suffer from poor mental health conditions`
**Amaranth Fund** `– this fund welcomes applications from projects on the Roseland, but also considers Falmouth and St Austell areas`
**Bruce Davis Trust Fund Endowment** `– donor directed fund for community projects across Cornwall.` **Cornwall Club** `– community fund`
**Cornwall Crimebeat -** `fund to support projects that help to reduce offending in Cornwall and the Isles of Scilly`
**Cornwall Glass & Glazing** `- donor directed fund for community projects across Cornwall` **Development Endowment Fund** `– the CCF’s general fund for community projects` **Healeys Charitable Trust Fund –** `the fund welcomes applications from entrepreneurial young people to support their business ideas with grant funding`
**Karenza Endowment Fund** `– to improve care for children and young people with special needs or disability`
**Lanherne Fund** `- aims to support community initiatives which focus on managing and improving the natural environment in Cornwall & Isle of Scilly.`
**Lord Lieutenant's Fund for Youth** `– fund administered by the CCF on behalf of the Lord Lieutenant for talented young people in Cornwall and the Isles of Scilly`
**North Cornwall Area Fund** `– endowment to attract donors within the North Cornwall area to donate to a specific area in which they are passionate`
**Patrixbourne Fund –** `community projects across Cornwall through CCF’s community fund` **Ruth Burden Community Trust** `– donor directed fund for community projects within the parishes of Launceston South and Central, Lawhitton, South Petherwin and Lezant`
**Social Action** `- the CCF’s own fund for community projects`
`29`
## `Cornwall Community Foundation`
## `Notes`
_(forming part of the financial statements)_
## **21 Endowment funds (continued)**
**Trenance Beer** `Trust – aims to help provide support for disadvantaged children and young people, primary age between 11-25 years of age but not exclusively, who are unable to achieve their potential due to financial circumstances.`
**The Tregothnan Expendable Endowment** `– donor directed fund for emergency assistance.` **The Trewithen Fund** `–endowment fund to generate quarterly interest for grant making. The fund priorities are yet to be set.`
**Viscountess Boyd Charitable Trust –** `This fund welcomes applications from South East Cornwall. The Fundholders may consider other applications from Cornwall and outside of Cornwall. Priority will be given to organisations working on church restoration, mental wellbeing, gardening & horticultural projects.`
**The Worval Foundation** `– aims to help provide opportunities for young disadvantaged people, primarily aged between 11-15 years of age but not exclusively, who are on the edge of exclusion from school or are finding it hard to cope, possibly due to an illness, learning difficulties or life circumstances`
**Other funds** `– other smaller funds for charitable objectives`
`30`
## `Cornwall Community Foundation`
## `Notes`
_(forming part of the financial statements)_
## **22 Restricted funds**
|**Restricted funds**||||
|---|---|---|---|
||Brought|Movement|**Carried**|
||forward|in year|**forward**|
||£|£|**£**|
|Active Bodies Happy Minds|7,170|20,580|**27,750**|
|Albert Van Den Bergh/Jane Hartley Fund|5,173|15,431|**20,604**|
|Amaranth Fund|2,398|3,286|**5,684**|
|BBC Radio Cornwall|698|(342)|**356**|
|Boyton Solar and Wind Farm Community Fund|35,800|9,322|**45,122**|
|Bude Area Fund|414|5,681|**6,095**|
|Caradon Area Community Fund|11,222|(2,982)|**8,240**|
|Business Club|16,019|2,447|**18,466**|
|Cornwall Club|2,998|(1,495)|**1,503**|
|Cornwall Crimebeat Fund|5,139|2,502|**7,641**|
|Cornwall Emergency Fund|25,276|502,894|**528,170**|
|Cornwall Women's Fund|19,620|3,411|**23,031**|
|Crisis Fund|53,901|(36,039)|**17,862**|
|Denis Arbon Fund|995|4,312|**5,307**|
|Duke of Cornwall Benevolent Fund|18,855|(5,650)|**13,205**|
|East Langford Solar Farm|27,594|26,807|**54,401**|
|Emergency Fund – Build Back Better|-|130,204|**130,204**|
|Emily Bolitho Trust Fund|14,271|1,084|**15,355**|
|Fifteen/Cornwall Food Foundation|3,573|(3,573)|**-**|
|Goldsmiths Fund for Elderly|19,529|(19,226)|**303**|
|Goonhilly Wind Farm Community Fund|46,445|(18,717)|**27,728**|
|GWR-Job Seekers Fund|13|(13)|**-**|
|Headland Hotel|707|-|**707**|
|Headstart Kernow Mental Health|140,000|(20,000)|**120,000**|
|Healeys Entrepreneurs Fund|1,677|1,515|**3,192**|
|Kala Power Limited (was Howton Solar Farm)|21,978|13,686|**35,664**|
|Karenza Fund|4,945|8,903|**13,848**|
|Lanherne Fund|26,037|(23,430)|**2,607**|
|Live Well Fund|7,250|(5,765)|**1,485**|
|Lord Lieutenant's Fund for Youth|20,343|(6,460)|**13,883**|
|Lord St Levan Fund|3,752|6,082|**9,834**|
|Luxulyan Parish Council|11,701|20,467|**32,168**|
|Manor Farm Solar|9,592|30,897|**40,489**|
|North Cornwall Area Fund|10,898|15,581|**26,479**|
|North Petherwin Community Fund|34,796|4,835|**39,631**|
|Penwith & Isles of Scilly Area Community Fund|9,150|10,522|**19,672**|
|Philanthropy Director Funding|47,733|(34,597)|**13,136**|
|Royston Leigh Fund|5,120|(2,016)|**3,104**|
|Social Action|113,997|86,474|**200,471**|
|Tampon Tax Fund|503|817|**1,320**|
|Terence Beer Trust|1,417|(1,030)|**387**|
|Tregothnan Foundation|28,721|783|**29,504**|
|Trenouth Solar Farm|41,553|17,377|**58,930**|
|Trewen Fund|36,127|(6,155)|**29,972**|
|Trewithen Fund|1,340|15,017|**16,357**|
|Tuppenny Fund|11,527|8,987|**20,514**|
|United Downs Geothermal Community Fund|9,356|-|**9,356**|
|Viscountess Boyd Charitable Trust|-|14,551|**14,551**|
|Winter Fuel Payments Fund|15,819|5,083|**20,902**|
|The Worval Foundation|33,497|28,808|**62,305**|
|#iwill campaign (Youth Social Action Fund)|15,180|498|**15,678**|
|Other Funds|39,522|8,722|**48,244**|
||________|________|________|
||1,021,341|840,076|**1,861,417**|
`31`
## `Cornwall Community Foundation`
## `Notes`
_(forming part of the financial statements)_
## **22 Restricted funds (continued)**
**Active Bodies Happy Minds -** `to increase sport & outdoor activity to help young people who suffer from poor mental health conditions` **Albert Van Den Bergh/Jane Hartley Fund -** `donor directed fund for community projects generally in Newquay area` **Amaranth Fund -** `this fund welcomes applications from projects on the Roseland, but also considers Falmouth and St Austell areas`
**BBC Radio Cornwall** `– donor directed fund for community projects across Cornwall`
**Boyton Solar and Wind Farm Community Fund** `– for community projects within Boyton parish` **Bude Area Fund –** `this fund welcomes applications from projects in and around the Bude area` **Caradon Area Community Fund** `- legacy fund for community projects in SE Cornwall` **Business Club** `- awards to community projects across Cornwall` **Cornwall Club** `– the CCF’s philanthropy arm for those living outside Cornwall` **Cornwall Crimebeat Fund** `– fund to support projects that help to reduce offending in Cornwall and the Isles of Scilly`
**Cornwall Emergency Fund** `– fund to provide emergency support to those affected by natural crisis` **Crisis Fund** `– provides grant assistance to individuals, families and communities in crisis situations` **Cornwall Women’s Fund – t** `he criteria are broad and similar to the Tampon Tax Fund - to support projects where women and girls are the main beneficiaries.`
**Denis Arbon Fund** `– donor directed fund`
**Duke of Cornwall Benevolent Fund** `– provides support to young carers` **East Langford Solar Farm** `– community benefit fund for Kilkhampton, Launcells and Morwenstow` **Emily Bolitho Trust Fund** `– to support the wellbeing of individuals, especially those faced with hardship through poor health or low income, and for organisations that provide services to those facing hardship` **Fifteen/Cornwall Food Foundation** `– to support those made redundant due to the closure of Fifteen and Cornwall Food Foundation.`
**Goldsmiths Fund for the Elderly** `– to support the elderly in Cornwall & Isles of Scilly` **Goonhilly Wind Farm Community Fund** `– for community projects in the Goonhilly area`
**GWR-Job Seekers Fund** `– to provide opportunities to support long-term unemployed people to fulfil their potential. This fund wishes to make a life changing impact on the lives of long-term unemployed people by helping them to develop new skills, build their confidence and help with work placements.`
**Headland Hotel** `– to offer opportunities to grassroots community and voluntary groups in Newquay and surrounding areas to receive small grants so they may create and/or deliver projects for the benefit of their community and members.`
**Headstart Kernow Mental Health** `– HeadStart Kernow is a National Lottery Funded Partnership Programme, and is part of a national project to equip young people age 10-16 to cope better with difficult circumstances, preventing them from experiencing common mental health problems.`
**Healeys Entrepreneurs Fund** `– the fund welcomes applications from entrepreneurial young people to support their business ideas with grant funding.`
**Kala Power Limited** `– community benefit fund for 5 parishes in SE Cornwall`
**Karenza Endowment Fund** `– to improve care for children and young people with special needs or disability` **Lanherne Fund** `– aims to support community initiatives which focus on managing and improving the natural environment in Cornwall & Isle of Scilly.`
**Live Well Fund** `– supports projects that improve the physical health and wellbeing of people in their communities.`
**Lord Lieutenant's Fund for Youth** `- fund administered by the CCF on behalf of the Lord Lieutenant for talented young people in Cornwall and the Isles of Scilly`
**Lord St Levan Fund** `– legacy fund for the relief of poverty and hardship, and for crisis intervention` **Luxulyan Community Fund** `– to support community projects within the parish of Luxulyan` **Manor Farm Solar** `– for community projects in the Burngullow/ St Austell area`
**North Cornwall Area Fund -** `fund to attract donors within the North Cornwall area to donate to a specific area in which they are passionate`
**North Petherwin Community Fund** `– for community projects in the parish of North Petherwin` **Penwith & Isles of Scilly Area Community Fund** `- donated fund for community projects in West Cornwall and the Isles of Scilly`
**Philanthropy Director Fund –** `funding for this staff post from Garfield Weston Foundation and Albert Van Den Bergh Charitable Trust`
**Royston Leigh Fund** `– donor directed fund for community projects` **Social Action** `– the CCF’s own fund for community projects`
`32`
## `Cornwall Community Foundation`
## `Notes`
_(forming part of the financial statements)_
## **22 Restricted funds (continued)**
**Tampon Tax Fund** `– The Tampon Tax Community Fund aims to support local organisations working with women who are most marginalised to overcome barriers that prevent them from fulfilling their potential` **Terence Beer Trust** `– aims to help provide support for disadvantaged children and young people, primary age between 11-25 years of age but not exclusively, who are unable to achieve their potential due to financial circumstances`
**Tregothnan Foundation** `- donor directed fund for emergency assistance`
**Trenouth Solar Farm** `– community benefit fund for 4 parishes in North Cornwall`
**Trewen Fund** `– community benefit fund for Trewen Parish`
**Trewithen Fund** `– this fund welcomes applications from projects enabling volunteers to assist young people who are not achieving their full potential`
**Tuppenny Fund** `– for community projects within the China Clay area`
**United Downs Geothermal Community Fund** `– this fund supports community projects in the areas of: Gwennap, St Day, Carharrack and Lanner. Projects with awareness of reducing their carbon footprint may be given priority.`
**Viscountess Boyd Charitable** `Trust – this fund welcomes applications from South East Cornwall. The Fundholders may consider other applications from Cornwall and outside of Cornwall. Priority will be given to organisations working on church restoration, mental wellbeing, gardening & horticultural projects` **Winter Fuel Payments Fund** `– special appeal fund for vulnerable and other people experiencing fuel poverty` **The Worval Foundation** `– to help provide opportunities for young disadvantaged people, primarily aged between11-15 years of age but not exclusively, who are on the edge of exclusion from school or are finding it hard to cope, possibly due to an illness, learning difficulties or life circumstances`
**#iwill campaign** `– Social action involves activities such as campaigning, fundraising, and volunteering, all of which enables participants to make a positive difference in their communities` **Other Funds** `– other smaller funds for charitable objectives`
`33`
## `Cornwall Community Foundation`
## `Notes`
_(forming part of the financial statements)_
## **23 Unrestricted funds**
||At 1|Income|Expenditure|Transfers|Investment|**At 31**|
|---|---|---|---|---|---|---|
||January||||gains|**December**|
||2020|||||**2020**|
||£|£|£|£|£|**£**|
|General fund|218,784|208,613|(269,845)|274,750|-|**432,302**|
|Revaluation|||||||
|reserve|32,700|-|-|-|(25,734)|**6,966**|
||________|________|________|________|________|**________**|
|**Total**|251,484|208,613|(269,845)|274,750|(25,734)|**439,268**|
`Revaluation reserve – this represents the market value of unrestricted investments above cost.`
`The above transfers reflect management fees charged to restricted and endowment funds in accordance with the relevant funder agreements.`
`Total future commitments payable under non-cancellable operating leases are as follows:`
||**2020**|2019|
|---|---|---|
||**£**|£|
|Land and buildings|||
|_Operating leases which expire:_|||
|Within one year|**7,750**|-|
|In two to five years|**21,958**||
||**________**|________|
||**29,708**
|-|
|Equipment|||
|_Operating leases which expire:_|||
|Within one year|**3,034**|3,034|
|In two to five years|**1,358**|3,432|
||**________**|________|
||**4,392**|6,466|
`At the year end the charity had made a commitment to pay £186,319 (2019: £25,222) in grants to applicants which had not completed the approval process for final payment.`
`34`
## `Cornwall Community Foundation`
## `Notes`
_(forming part of the financial statements)_
## **25 Prior year analysis of net assets between funds**
||**Endowment**|**Restricted**|**Unrestricted**||
|---|---|---|---|---|
||**funds**|**funds**|**funds**|**Total**|
||**£**|**£**|**£**|**£**|
|Fixed assets|6,845,125|110,871|201,402|7,157,398|
|Current assets|180,188|910,470|66,009|1,156,667|
|Current liabilities|-|-|(15,927)|(15,927)|
||________|________|________|________|
||7,025,313|1,021,341|251,484|8,298,138|
`35`
## `Cornwall Community Foundation`
## `Notes`
_(forming part of the financial statements)_
## **26 Prior year endowment funds**
|**Prior year endowment funds**||||
|---|---|---|---|
||1|Movement|31|
||January|in year|December|
||2019||2019|
||£|£|£|
|_Permanent Endowments:_||||
|Albert Van Den Bergh/Jane Hartley Fund|33,914|4,024|37,938|
|Caradon Area Community Fund|245,741|29,762|275,503|
|China Clay Area Community Fund|260,803|(260,803)|-|
|Community First - Albert Van Den Bergh/Jane Hartley Fund|364,258|65,134|429,392|
|Community First - Dennis Arbon Fund|182,989|32,721|215,710|
|Community First - Emily Bolitho Trust Fund|376,957|67,405|444,362|
|Community First - Crisis Fund|52,552|9,397|61,949|
|Community First - Lord St Levan|218,758|39,118|257,876|
|Community First Scheme|278,460|49,791|328,251|
|Community First - Tregothnan Foundation|120,033|21,463|141,496|
|Business Club|46,151|4,768|50,919|
|Cornwall Crimebeat|35,267|4,181|39,448|
|Cornwall Glass & Glazing|172,083|20,702|192,785|
|Friends of Cornwall Community Foundation|32,696|3,960|36,656|
|Reg Windpower|24,508|4,031|28,539|
|Grassroots Fund|77,406|9,329|86,735|
|The Jack Moon & Lors Trust|116,231|13,934|130,165|
|The Eddie & Vanessa George Memorial Fund|36,043|4,384|40,427|
|Mining District Fund|35,577|4,300|39,877|
|Penwith & Isles of Scilly Area Community Fund|251,142|41,738|292,880|
|Quinnian Fund|28,969|3,037|32,006|
|Royston Leigh Fund|58,543|7,013|65,556|
|Tuppenny Fund|214,971|318,038|533,009|
|Other Funds|8,695|1,053|9,748|
||________|**________**|________|
||3,272,747|498,480|3,771,227|
||________|**________**|**________**|
|_Expendable Endowments:_||||
|Active Bodies Happy Minds/ Mental Health Fund|59,001|8,164|67,165|
|Amaranth Fund|112,434|14,899|127,333|
|Bruce Davis Trust|104,057|12,695|116,752|
|Cornwall Club|22,733|3,026|25,759|
|Cornwall Crimebeat|13,950|1,864|15,814|
|Cornwall Glass & Glazing|5,819|11,634|17,453|
|Development Endowment Fund|29,826|50,190|80,016|
|Healeys Charitable Trust Fund|47,240|16,293|63,533|
|Karenza Endowment Fund|340,759|40,723|381,482|
|Lanherne Fund|-|80,486|80,486|
|Lord Lieutenant's Fund for Youth|338,264|44,110|382,374|
|North Cornwall Area Fund|98,780|30,594|129,374|
|Patrixbourne Fund|208,583|21,819|230,402|
|Ruth Burden Community Trust|16,000|4,000|20,000|
|Social Action|-|130,020|130,020|
|Terence Beer Trust|-|26,829|26,829|
|Tregothnan Foundation|18,314|2,543|20,857|
|Viscountess Boyd Charitable Trust|170,443|20,895|191,338|
|The Trewithen Fund|-|1,038,891|1,038,891|
|The Worval Foundation|27,977|63,757|91,734|
|Other Funds|17,603|8,164|67,165|
||_________|________|________|
||__|||
||1,631,783|1,622,303|3,254,086|
||________|**________**|________|
||4,904,530|2,120,783|7,025,313|
`36`
## `Cornwall Community Foundation`
## `Notes`
_(forming part of the financial statements)_
## **27 Prior year restricted funds**
||1 January|Movement|31|
|---|---|---|---|
||2019|in year|December|
||||2019|
||£|£|£|
|Active Bodies Happy Minds|38,781|(31,611)|7,170|
|Albert Van Den Bergh/Jane Hartley Fund|4,262|911|5,173|
|Amaranth Fund|2,879|(481)|2,398|
|BBC Radio Cornwall|638|60|698|
|Boyton Solar and Wind Farm Community Fund|24,730|11,070|35,800|
|Bude Area Fund|10,000|(9,586)|414|
|Caradon Area Community Fund|6,223|4,999|11,222|
|Business Club|11,183|4,836|16,019|
|Cornwall Club|15,059|(12,061)|2,998|
|Cornwall Crimebeat Fund|1,765|3,374|5,139|
|Cornwall Emergency Fund|25,276|-|25,276|
|Cornwall Women's Fund|-|19,620|19,620|
|Crisis Fund|44,149|9,752|53,901|
|Denis Arbon Fund|1,677|(682)|995|
|Duke of Cornwall Benevolent Fund|23,809|(4,954)|18,855|
|East Langford Solar Farm|7,108|20,486|27,594|
|Emily Bolitho Trust Fund|8,801|5,470|14,271|
|Fifteen/Cornwall Food Foundation|-|3,573|3,573|
|Goldsmiths Fund for Elderly|33,000|(13,471)|19,529|
|Goonhilly Wind Farm Community Fund|25,289|21,156|46,445|
|GWR-Job Seekers Fund|-|13|13|
|Headland Hotel|-|707|707|
|Headstart Kernow Mental Health|-|140,000|140,000|
|Healeys Entrepreneurs Fund|-|1,677|1,677|
|Kala Power Limited (was Howton Solar Farm)|17,587|4,391|21,978|
|Karenza Fund|2,653|2,292|4,945|
|Lanherne Fund|-|26,037|26,037|
|Live Well Fund|-|7,250|7,250|
|Lord Lieutenant's Fund for Youth|24,093|(3,750)|20,343|
|Lord St Levan Fund|8,464|(4,712)|3,752|
|Luxulyan Parish Council|12,196|(495)|11,701|
|Manor Farm Solar|25,779|(16,187)|9,592|
|North Cornwall Area Fund|5,825|5,073|10,898|
|North Petherwin Community Fund|38,412|(3,616)|34,796|
|Penwith & Isles of Scilly Area Community Fund|7,021|2,129|9,150|
|Philanthropy Director Funding|60,574|(12,841)|47,733|
|Royston Leigh Fund|2,513|2,607|5,120|
|Social Action|52,433|61,564|113,997|
|Tampon Tax Fund|18,304|(17,801)|503|
|Terence Beer Trust|-|1,417|1,417|
|Tregothnan Foundation|18,053|10,668|28,721|
|Trenouth Solar Farm|32,193|9,360|41,553|
|Trewen Fund|35,256|871|36,127|
|Trewithen Fund|1,328|12|1,340|
|Tuppenny Fund|5,170|6,357|11,527|
|United Downs Geothermal Community Fund|8,250|1,106|9,356|
|Winter Fuel Payments Fund|14,784|1,035|15,819|
|The Worval Foundation|(794)|34,291|33,497|
|#iwill campaign (Youth Social Action Fund)|1,150|14,030|15,180|
|Other Funds|52,214|49,877|728,087|
||728,087|293,254|1,021,341|
`37`
## `Cornwall Community Foundation`
## `Notes`
_(forming part of the financial statements)_
## **28 Prior year unrestricted funds**
||At 1|Income|Expenditure|Transfers|Investment|At 31|
|---|---|---|---|---|---|---|
||January||||gains|December|
||2019|||||2019|
||£|£|£|£|£|£|
|General fund|232,943|136,828|(261,963)|110,976|-|218,784|
|Revaluation|||||||
|reserve|10,272|-|-|-|22,428|32,700|
||________|________|________|________|________|________|
|**Total**|243,215|136,828|(261,963)|110,976|22,428|243,215|
`38`