Charity Registration Number= 1100417
Company Registration Number.. 04534462
HAMPSHIRE AND THE ISLE OF WIGHT COMMUNITY FOUNDATION
la registered company limited by guarantee and a registered charity)
ANNUAL REPORT
ITRUSTEES, REPORT AND FINANCIALSTATEMENTSI
ST
FOR THE YEAR ENDED 31 DECEMBER 2020

ANNUAL REPORT
ST
YEAR ENDED 31 DECEMBER 2020
Contents
Pages
Trustees, Report
Auditors, Report
10-13
Financial Statements
Statement of financial activities
14
Balance Sheet
15
Statement of Cashflow
16
Notes to the Financial Statements
17-27

HAMPSHIRE ANDTHE ISLE OF WIGHT COMMUNITY FOUNOATION
TRUSTEES, REPORT
The Trustees present their report, together with the financial statements of the Charity, for the year ended 31st
December 2020. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the
Memorandum and Articles of Association, 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 IFRS102- effective l January 20191.
The Hampshire and Isle of Wight Community Foundation IHIWCFI isa registered Charity (number 11004171. These
accounts include the activity of four linked charities.. Montagu Neville Durnford and Saint Leo Cawthan Memorial
Trust (linked charity- 1100417-11,. The Lord Mayor of Portsmouth's Charity (linked charity- 1100417-21,. Alderman
Joe Davidson Ilinked charity- 1100417-41; and Futcher School Foundation Ilinked charity- 1100417-51.
The charity is a Company limited by guarantee and registered in England & Wales (number 045344621.
The principal and registered office addres5 is:
Westgate Chambers
Staple Gardens
Winchester
Hampshire
S023 85R
President
Nigel Atkinson, Her Majesty's Lord-Lieutenant of Hampshire
Trustees
Jonathan Cheshire OBE - Chair Iresigned 28th September 20201
Jo Ash CBE
Rebecca Kennelly MBE -lappointed Chair 25th September 20201
Virginia Lovell IP DL
Hugh Mason
Jonathan Moseley
Dan Putty
Adrian RLJtter- Treasurer
Jane Sandars
James Kennedy- Company Secretary
Andrew loy
Krysia Butwilowska
Sukanya Sitaram
Michael Smith
Key management personnel
Grant Cornwell MBE- Chief Executive Iresigned 29 january 20211
Kate Shurety FRSA- Interim Chief Executive Ifrom 15 February 20211
Linzi Lawrence- Finance Manager
Bankers
Coutts & Co
440 Strand
London
WC2R OQS

HAMPSHIRE ANDTHE ISLE OF WIGHT COMMUNITY FOUNOATION
TRUSTEES, REPORT
Investment Managers
Brewin Dolphin Ito February 20211
12 Smithfield Street
London
ECIA 9BD
CCLA
Senator House
85 Queen Victoria st￿et
London
EC4V 4ET
Sarasin & Partners (from I january 20211
Juxon House
100 St Paul's Churchyard
London
EC4M 8BU
Mayfair Capital Investment Management Ltd
55 Wells Street
London
WIT 3PT
Auditors
Alliotts LLP
Friary Court
13- 21 High Street
Guildford
Surrev
GUI 3DL
Sollcltors
Coffin Mew
1000 Lakeside
North Harbour
Portsmouth
Hampshire
P06 3EN

HAMPSHIRE ANDTHE ISLE OF WIGHT COMMUNITY FOUNDATION
TRUSTEES. REPORT
Our purpose
The Trustees are committed to building funds and distributing grants to support community projects delivered
by local voluntary and community groups across Hampshire & Isle of Wight. Southampton & Portsmouth. We
have built endowment funds to nearly £15m for the long term benefit of our communities, and in the last 10 years
have distributed over £IOm in grants to support over 3,700community projects across Hampshire and Isle of Wight.
Our Erant-making programmes support community projects for all ages.. those with disabilities.. families in crisis-
the homeless.. those in poor health,. people looking to get back into work,. those seeking protection- looking to
get healthier through sport, drama and singing., people who want to learn aboLJt the arts and local culture,. those
that are isolated or lonely,. and local people struggling to cope with their lives.
We award grants to smaller, lesser known charities and community groups who offer the support, services and
activities that can really make a difference to the lives of local people.
Hampshire & Isle of Wight Community Foundation is focused on enabling a wide variety of donors to fund
projects which make a real difference to the lives of local people across Hampshire & Isle of Wight, Portsmouth
and Southampton. We do this bv..
•working in partnership with government, National Emergency Trust INETI created in 2020, the European Social
FundlESFI, local councils, and multinational and loc31 companies to target their social action initiatives where they
will be most effective,.
•using the income from our endowment funds to direct our own grant-making
•working with donors on donor-dire¢ted grant-making
•managing flow-through/revenue funds on behalf of local companies, councils and partners.
Our aim is to provide a high standard of philanthropy advice to donors, grant-making and support to community
organisations across Hampshire and Isle of Wight, Portsmouth and Southampton.
Achievements and performance in 2020
With the Covid-19 pandemic. 2020 has presented a substantial challenge for the charitable sector with the pandemic
disproportionately impacting on the most disadvantaged people acros5 the UK and this has been no different for our
communities across Hampshire and the Isle of Wight. The pandemic has also shown us that communtty really matters
with millions of volunteers stepping forward to support their local communities. Local charitable organisations and
voluntary groups have stepped up to support those in need. They have provided a variety of activities such as emergency
food. hot meals and medication. and have adapted their services to provide counsellinB, activities and training online making
sure those most vulnerable to the pandemic are supported.
In the fulfilment of our strategic priorities, the Foundation responded swiftly to support local voluntary, community, faith
and community enterprise helping those hit hardest by the coronavirus crisis.
At the start of lockdown in March we launched a 'We're All Togetherf fundraising campaign initially hoping to raise
£500k. With the help of our existing donors and fundholders. our President, past Chairs, and other supporters we raised
over £2.4m including funds from the National Emergency Trust, VIVID Housing, Hampshire County Council, the DCMS
and NHS,.
By the end of 2020 our We're All Togetherf Emergency Coronavirus CampaiEn and other funds had distributed 462
grants Wlth a total value of just over £2.3m to groups and charities for the public benefit of communities across
Hampshire, Portsmouth, Southampton and Isle of Wight
Further grant awards are also scheduled for early 2021 to help families and communities most in need recover from the
Impact of Covid-19.
In addition in 2020 we..
secured two new endowment funds- from the Charles Burnett Memorial Fund for £l.Om and the Hampshire
Playing Fields Association for £486k
Launched 7newgrant programmes. Westquay Giving Back Project. We're All Together, Vivid, NHS, Co-op, National
Emergency Trust INETI and Department for Digital. Culture. Media & Sport IDCMSI
LaLJnched a new ESF programme running to March 2023, which together with match funding from donors and local
authorities will support a grants programme in the Solent LEP area worth £1.76 million.

HAMPSHIRE ANDTHE ISLE OF WIGHT COMMUNITY FOUNDATION
TRUSTEES. REPORT
Senior changes
We welcomed Rebecca Kennelly as our new Chair of Trustees in September. Rebecca has been a board member and trustee
of the Foundation for ten years and is Director of Volunteering for Royal Voluntary Service, one of the country's largest
volunteering organisations. An advocate of volunteering, Rebecca has held a number of trustee and volunteer positions in
the sector and is currently serving as a trustee of a Homelessness charity, and is also a Parish Councillor.
Rebecca replaced Jonathan Cheshire, who wa5 finally'allowed to retire, by his fellow Trustees after seven years as a member
of the Board, and our Chair for the past three years. The Trustees are extremely grateful to him for staying on to guide us
with hi5 gentle humour, commitment and above all complete dedication to 5UPPOrting disadvantaged people acr055 our
region. He remains a great friend to the Foundation.
Finally it was with sadness that the Trustees accepted the resignation of our CEO, Grant Cornwell left the Foundation at the
end of January 2021. Having relocated outside the county, Grant decided that he should step aside to allow the Board to
appoint Someone more 'local' to take the organisation forward. Grant joined the Foundation in 2018 with 3 specific remit to
review the organisation's strategic operating model, lead on fund development and the development of key partner5hip5,
drive growth of HIWCF'S profile and make us the local leading community based grant giving charity in Hampshire & Isle of
Wight and there is no doubt that he delivered on all of those objectives.
HIWCF'S charitable objects and public benef it
HIWCF is an independent grant-making charity and company limited by guarantee. Founded in 2003,
Hampshire & Isle of Wight Community Foundation serves a population of c.2.0 million people across
Hampshire, Isle of Wight, Portsmouth and Southampton. The Foundation's charitable objects for the Public
Benefit, as defined in the Memorandum & Articles of Association, are..
l. The promotion of charitable purposes for the benefit of the communities of Hampshire, Isle of Wight,
Southampton and Portsmouth,.
2. Other exclusively charitable purposes in the UK and elsewhere which are in the opinion of the Trustees
beneficial to the community including those in the area of benefit.
In achieving these objects, the Foundation has powers to assist financially or otherwise a charitable trust,
association, individual or voluntary organisation, for the purposes of relieving those injured, bereaved, or in
need or of other charitable purposes connected with or arising out of the counties of Hampshire and the Isle of
Wight, and cities of Southampton and Portsmouth. The Trustees have given due regard to public benefit
guidance PLJblished by the Charity Commission in ac¢ordan¢e with Section 17 of The Charities Act 2011.
These charitable objects are achieved throuEh=
Partnering with Government, the European Social Fund, local councils, national charities,
multinational and local companies to manage effective grants programmes which assess
applications, make grants, and distribute and monitor funds to charities, voluntary and
community organisations that meet the Foundation's criteria and criteria set by funders.,
Increasing endowment and flow-throughlrevenue funds under management by providing
flexible, donor-centric investment management and grant-making services. and by retaining
existing and attracting new donors,.
Ensuring that all levels of the Foundation operate to the highest standards
The Trustees refer to guidance on public benefit produced by the Charity Commission when reviewing the
Foundation's charitable objectives and when planning future activities and grant-making, and are satisfied that
these objects meet the appropriate charitable purposes and public benefit criteria as defined by the Charities
Act 2016.
Structure, Governance and Management
Governing Document
Hampshire & the151e of Wight Community Foundation, IHIWCFI, is an independent Charitable Foundation,
registered in 2003 (Charity Registration 11004171 and is incorporated as a company limited by guarantee
1045344621. HIWCF is governed by its Memorandum and Articles of Association. The Articles define the public
benefit of HIWCF and set out the powers of the Board of Trustees. The Trustees of the Charity and the principal
advisors are listed on pages l and 2. The liability of the members in the event of HIWCF being wound up is
limited to a sum not exceeding £1. HIWCF is a member of UK Community Foundations, a national organisation that
connects and represents the 46 UK Community Foundations at a national level.

HAMPSHIRE ANDTHE ISLE OF WIGHT COMMUNITY FOUNDATION
TRUSTEES. REPORT
Appolntment ond Indurtlon of Trustees
Invitation to join the Board is by selection and consideration is given to expertise, experience, skills and
geographical representation. There is no limit on the number of members of the Company, however at leastthree
member5 lor 25% of members if greater) must be in attendance for general meetings to be quorate. Board
members approve any new Trustees at Board meetings who are then ¢o-opted during the year and appointed at
the next Annual General Meeting. New TrLJStees have a meeting with the Chairman, the CEO, visit the office and
meet the staff of H IWCF. Induction training is recorded and covers building funds, grant-making, policies and
procedures.
Trustees meet quarterly and the Board meetings work to an agenda, which allows ample time for open
discussion on all issues including those related to HIWCF'S areas of interest and public benefit.
Business 15 conducted between Board meetings through five committees which are responsible for reviewing
operational activities- Finance and Investment Committee, Grants Committee, Fund Development Committee.
Portsmouth Advisory Board, and the Isle of Wight Committee. The terms of reference for these Committees set
out the powers and authority delegated to them. The day-to-day management of HIWCF. the administration of
the grants and the development of the funds is delegated to the Chief Executive and staff.
Monitoring performance
Trustees monitored performance during the year by reporting quarterly to both the Finance & Investment
Committee and the full Board on the actions being taken to address the key risks to the Charity not achieving
its strategic aims. The key risks were identified during the full risk management review in November 2018 as
being..
Managing Strategic Priorities
Uncertainty about investment markets
Impact of grant-making
Changes to grant-making
Raising HIWCF profile
Reliance on Key employees
A further risk review was completed in February 2021 and confirmed all of the above key risks as continuing except for
Raising HIWCFprofile, which had substantially improved, and added three further key risks being=
potential loss of opportunities as a result of the change in Chief Executive
• the impact of Covid-19
the new contract for awarding grants match funded by the European Social Fund
Through quarterly reports the Trustees are ensuring that all possible steps are being taken to mitigate the risks
against achieving the Charity's objectives.
The key performance indicators for 2020 were linked to financial and risk targets, being to achieve a small gain
on core position, to exceed £900k of grant-making, and to manage effectively strategic risks through quarterly
reports to the Finance & Investment Committee as listed above.
Remits of Committees:
Finance and Investment Committee- the Committee is specially set-up to oversee the administration of the
financial and investment transactions. This Committee devises and reviews policies that ensure the proper
administration of the Foundation's finances and investments including but not limited to.. financial
management,. overseeing investment performance.. development of efficient financial and investment
administration systems; annual review with investment managers,. IT and data protection,. property
management,. and overseeing the management of risk.
Grants Committee- the Committee leads HIWCF'S strategy for its interface with the community, including
grant-making. The Committee.. keeps abreast of needs in the area of benefit. the funding environment and
other relevant issues,. recommends grant-making strategy and targets to the Board,. monitors the
implementation of the strategy and achievements, reporting trends and exceptions to the Board,. assesses the
impact of the grant-making programmes.. recommends the grants budget available annually between
areas/issues, taking account of any restrictions placed by donors for approval by the Board; oversees the grant
application procedures and policies including assessment and monitoring,. oversees grants made by grant
advisory panels and ensure these are in line with policy and strategy; recommends an appeals procedure to the
Board and act as appeal body as required under procedures established; identifies ways other than

HAMPSHIRE ANDTHE ISLE OF WIGHT COMMUNITY FOUNDATION
TRUSTEES. REPORT
grant-making for HIWCF to contribute appropriately to meeting the needs of local communities and monitors
progress on the initiatives priorit15ed- establishes task groups from time to time to undertake Specific, time-
limited pieces of work. Members of this Committee will.. participate in one or more grant panels as a
representative of HIWCF,. attend and encourage others to attend visits to community organisations,. undertake
at least one visit each year to a grant-aided organisation as part of the grant monitoring process.
Portsmouth Advisory Board- The Advisory Board oversees the activities of Hampshire & Isle of Wight
Community Foundation in the Portsmouth Local Authority Area. The Committee is responsible for
management and direction of Portsmouth City Community Funds, Alderman Joe Davidson Funds, Montagu
Neville Durnford and St Leo Cawthorn Memorial Trust Funds, Futcher Trust, Cornellius Centre Fund and Civic
Portsmouth Funds. In managing these funds they will: ensure compliance with the original objects of the
trusts,. provide strategic direction on 811 other Portsmouth specific funds as required,. approve the annual
draw-down of endowment funds for grant-making,. approve criteria for Flow- through/Revenue funds,. review
the effectiveness of grant-m3king,' set the timetable for Advisory Board and Grant panel meetings,. address
trends and gaps within the Portsmouth City grant-making communities,. receive Annual Fund Statements for
managed funds, and assist in attracting additional funds.
Isle of Wight Committee- To lead HIWCF'S strategy for its interface with the Isle of Wight community,
including grant-making and fund development. Regarding grants and community development- this
Committee will.. keep abreast of needs in the area of benefit. the funding environment and other issues
relevant to HIWCF'S interface with the Isle of Wight community,. recommend grant-making strategy and
targets,. recommend individuals with the appropriate experience and knowledge to sit on the Committee,.
monitor, with the support of HIWCF staff, the implementation of the strategy and achievements, reporting
trends and exceptions,. assess the impact of the grant-making programmes,. recommend the grants. budget
available annually between areaslissues, taking account of restrictions placed by donors. approve grants in
accordance with the schedule of delegation established by the Board- oversee grants made by IOW Grant Panel
and ensure these are in line with policy and strategy,. art as appeal body as required under procedures
established.. identify ways other than grant-makinE for IWCF to contribute appropriately to meeting the needs
of local communities and monitor progress on the initiatives prioritised.. be responsible for the management
and direction of the IWCF funds,. host and support the organisation of seminars and receptions on the Isle of
Wight,. and establish task groups from time to time to undertake Specific, time-limited pieces of work.
Main Board
The Chair, jonathan Cheshire resigned in 2020, having served as a trustee since 2013. Rebecca Kennelly was appointed
as the new Chair. There were no new Trustees joining the board in 2020.
The Board is delightedthat the Lord Lieutenant, Mr Nigel Atkinson, has continued to be our President throughout 2020.
None of the Trustees receive remuneration or other benefit from their work with the charity. We hold a
register of interests for all Board members. Any connections between a Trustee and a grantee or potential
funding partner are fLJlly disclosed.
The Board of Trustees aims to set a level of grant expenditure from the endowed funds which provides a
realistic level of grant-making, consistent with the long-term maintenance of the value of the endowed funds,
and subject to any Conditions imposed by donors.
Each year the Board reviews a level to be distributed in grants from endowment funds. For funds invested with Brewin
Dolphin it was agreed to distribute 5% of the capital value of the fund as at 31 December 2020, with some minor
exceptions where slightly more or less was agreed with fund holders for specific projects.
For Community First Funds invested with CCLA we are permitted to distribute the net income and any gains over
and above RPI since the inception of the fund. The HIWCF Board has decided to spread the spending of any
gains over the subsequent two years. For 2020 this gave an average distribution rate of 3.3% of the value of
funds14.3% distributed in 20191.
The average size of a grant (based on the net amount of money awarded) was just below £5,000.

HAMPSHIRE ANDTHE ISLE OF WIGHT COMMUNITY FOUNDATION
TRUSTEES. REPORT
Staff and key management personnel
There are two full-time and five part-time members of staff: and seven external assessors trained to help with our
grant programmes. Two staff members, the Chief Executive and the Finance Manager are designated as key
management personnel. Pay reviews for all staff including key management personnel are conducted with effect
from April 1st, within parameters recommended by the Finance & Investment Committee and approved by the
Board. These parameters take account of trustees, knowledge of pay awards made at other local charities.
Risk Management
The Board receives a risk assessment prepared by the Chief Executive and the Finance & Investment Committee
approximately annually. The Finance & Investment meeting receives an update on the status of the highest risks on a
quarterly basis
Fund Development
Our ability to generate a sustainable annual income for distribution to local voluntary and community groups is
achieved by encouraging philanthropy. providing donor-managed services, and by building relationships with
current and prospective donors to further grow HIWCF'S grant-making potential. Key to this approach is HIWCF'S
commitment to help donors identify their philanthropic and charitable interests and to offer them
opportunities to make a local difference.
Fund development is measured in HIWCF'S ability to increase the number of new funds under its management
in order to distribute grants.
During 2020 we had a total of 129 funds under management12019 ..1191, and at 31st December 2020 we had 97
endowment fund$12019- 951, providing donors with servicestailored totheir individual requirements and charitable
intere5t5. Eight new flow-through fund5, including Six in response to the Covid-19 pandemic, and two new endowment
were established in 2020.
New flow-through funds..
Westquay Giving Back Project
We're All Together
We're All Together - Vivid
We're All Together- NHS
We're All Together- CO-OP/Barclays
We're All Together- NET
We're All Together- DCMS
IOW John Swire 1989
New endowment funds..
Charles Burnett Memorial Fund
Hampshire Playing Fields Association
Financial Review
Restricted Fund5
Income in 2020from new flowthrough funds totalled £2,834K12019: £291KI- Thistogetherwith distributions from
endowment funds, helped us distribute £2,307k in grants. This was well above our grants budget of £1,025k and was
mainly because we were able to attract funding to provide emergency grants to charities needing support during the
pandemic.
Unrestricted Funds
Unrestricted funds returned a surplus of £112k in 2020 for net income and investment12019 surplus £16kl.
Core costs, which totalled £332k in 2020, continued to be well managed and were less than bLJdgeted.
Core income of £449k was above budget due to an increase in flow-through income and endowment
set-up fees. There was a small loss in the value of unrestricted fund investments of £4k for 2020
Endowment Funds
In 2020 there were two new endowment funds, a transfer from the Hampshire Playing Field A550ciation, and a new
donation from Notsew Orm Sands Foundation for The Charles Burnett Fund. Investment markets fell in QI 2020
and then made a full recovery from these1055e5 by Q4 2020 and our endowment ended the year with a net gain
(mostly unreali5edl of £523k. After income and grant distribution5 and transfer5, the closing balance of endowment
funds at 31 December 2020 was £14.9m compared to £13.2m at the end of 2019.

HAMPSHIRE ANDTHE ISLE OF WIGHT COMMUNITY FOUNDATION
TRUSTEES. REPORT
Investment policy
The development of an endowed fund providing sustainable long-term support for local Communities is Central
to the role of HIWCF. The guiding objectives of the Finance and Investment Committee are to maximise
long-term total returns (from income and capital growthl, while providing annual income to help fund grant
programmes.
Brewin Dolphin and CCLA were the primary investment managers during 2020. between them managing over 90Yo of
our £14.9m endowment assets. Property endowed to HIWCF is approximately 4.5% of our endowment assets and net
rental income is applied to grant-making.
After a competitive tendering exercise the Board appointed Sarasin and Partners who replaced Brewin Dolphin commencing
in january 2021. The CCLA funds are managed through a 'central' contract established by the Government and UKCF.
Investment Strategy and Rlsk Proflle
HIWCF'S policy is to invest funds to achieve a balance between capital growth and income using a medium risk
investment strategy.
Ethical Investment and Other Constraints
The Board considers that HIWCF'S interests are best served by seeking to obtain a sound financial return from a
suitably diverse portfolio of investments. The Trustees have considered establishing an ethical investment
policy and, whilst not excluding any specific investments, asked the investment managers to have due
regard to not investing in companies whose activities could be detrimental to the objectives and aims of HIWCF.
Investment Performance
Investment markets fluctuated substantially in 2020 with a significant decline in investment values in March 2020
when the Covid-19 pandemic emerged followed by recoveries in the remainder of the year. Over the year both our
main funds recorded positive returns.. funds invested with Brewin Dolphin showed a total return of 5.2%12019'. 17.6%)
and funds invested with CCLA a total return of 9.8%12019: 21.6%1. These performances compare with a total return
on the MSCI PIMFA Private Investors Balanced index of 7.4%12019'. 16.2%). Within these figures the income yield on
Brewin Dolphin was 2.7%12019'. 3.3%1 and CCLA, 4.7%12019: 3.09Y.I.
ReseNes Policy
The TrLJStees aim to hold unrestricted reserves to a level which equates to approximately twelve months of staffing
and support costs. At 31st December 2020 the balance on unrestricted reserves amounted to £392,423 compared
with £280,046 in the previou5 year. At current levels unrestricted reserves equate to just under budgeted annual
running costs for 2021. The Trustees consider that this level should be adequate to sustain HIWCF for the medium-
term.
Endowments and grant-making
The bulk of HIWCF'S expenditure is grant distribution. Funding for this is taken from investment returns and
flow-through donations received for grant-making.
In 2020 HIWCF..
Raised donations and legacies of £4.3m I£0.3m in 20191
Generated investment income of £416k1£436k in 20191
Distributed a net amount of £2.3m in grants to charities and community groups I£0.7m in 20191
Spent £332k12019= £249kl of unrestricted funds mainly on grant-making and raising funds.
Plans for the future
Whilst the Trustees are satisfied with the outcomes achieved in 2020, we anticipate that 2021 and future years will be
challenging as the local economy recovers from Covid-19. Attracting new endowment funding has also proven more
difficult following the end of government match funding,. potential flow through funding is dependent on funders, own
financial circumstances and is often taking longer to come to fruition,. and there is continuing uncertainty about future
investment performance, which is likely to remain volatile and may not match the investment returns achieved in
recent years.

HAMPSHIRE ANDTHE ISLE OF WIGHT COMMUNITY FOUNDATION
TRUSTEES. REPORT
Our strategy (approved by the Board of Trustees in November 2018 and currently subject to review) continues to aim
to
make our communities a better place by increasing philanthropic behaviour and managing our assets
efficiently
improve our communications so that communities, partners and donors recognise HIWCF as the key grant
making and fundraising charity locally
target grant-making at communities most in need
establish HIWCF as the first choice for grant giving, known for its Collaborative approach and knowledge of
local community need.
Tru5tees' Responsibilities
The Charity Trustees (who are also directors of Hampshire and the Isle of Wight Community Foundation for the
purposes of Company Lawl are responsible for preparing the Trustees, Annual Report and Financial Statements
in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generallv
Accepted Accounting Practice). Company law requires the Charity Trustees to prepare financial statements for
each financial year, which give a true and fair view of the state of affair5 of the charitable company and of the
incoming resources and application of resources, including the income and expenditure, of the charitable
company for the financial year. In preparing these financial statements, the Trustees are required to..
Select suitable accounting policies and then apply them consistently.
Observe the methods and principles in the Charities SORP,.
Make judgments and estimates that are reasonable and prudent..
State whether applicable U.K. accounting standards have been followed. subject to any material departures
disclosed and explained in the financial statements,.
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charity will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at
any time the financial position of the charity and to 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 step5 for the prevention and detection of fraud and other irregularitie5. The Trustees are
responsible for the maintenance and integrity of the corporate and financial information included on the
charitable company's website. Legislation in the United Kingdom governing preparation and dissemination of
financial statements may differ from legislation in other jurisdictions.
Auditors
The auditors, Alliots LLP, are deemed to be reappointed under section 487121 of the Companies Act
2006.
Statement of disclosure to auditor
The Trustees who held office at the date of approval of this Report confirm that, so far as they are each aware,
there 15 no relevant audit information of which the Company's auditors are not aware,. and each Trustee has
taken all the steps that he ought to have taken as a Trustee to make himself aware of any relevant audit
information and to establish that the Company's aLJditors were aware of that information. This report has been
prepared in accordance with the special provisions relating to small companies within part 15 of the Companies
Act 2006.
By order of the Board of Trustees
Approved bythe Trustees on 071071
2021
Mrs. Rebecca Kennelly (Chairl
Mr. Adrian Rutter (Trusteel

HAMPSHIRE AND THE ISLE OF WIGHT COMMUNITY FOUNDATION
INDEPENDENT AUDITOR'S REPORTTO THE TRUSTEES OF HAMPSHIRE AND THE ISLE OF WIGHT
COMMUNITY FOUNDATION
Opinion
We have audited the financial statements of Hampshire and the IS￿ of WKJht Community Foundation (the '¢harity'l
for the year ended 31 December 2020 which comprise the Slalemenl of Financial activities, the Balance Sheet, the
Statement of Cash Flows and the notes lo the financial slalements, including a summary of significant accounting
policies. The financial reporting framework that has b&n 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 slalements..
give a true and fair view of the stsle of the charitable company's affairs as at 31 De￿mber 2020 and of its
incoming resources and application of reSoUr￿s, for the year then ended,.
have been properly prepared in accordance with United Kingdom Generally Accept&J Accounting Practice",
and
have been prepared in a￿rdance with the requirements of the Companies Ad 2006.
Basis for opinion
We conducted our audit in accordance wth International Standards on Auditing IUKI IISAS IUKII and applicable
law. Our ￿SPOnsibl1((les under those standards are further described in the Auditor's responsibili(ies for the audit of
the financial slalemenls section of our report. We 8re independent of the charity in accordance with the èthical
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 eviden￿ 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 con￿rn 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 colledively, may cast significant doubt on the charitable company's abilrty to continue
as a going concem for a period of al least months from when the financial slalemenls are aulhorised for
issue.
Our responsibilrties and the responsibilities of the Trustees wlh respect to going con￿rn are described in the
relevant sections of this report.
Other Informatlon
The other Infonralion comprises the information included in the annual report other than the financial statements
and our auditor's report Ihereon. The Trustees are responsible for the other infomalion contained within the annual
report. Our opinion on the financial slalemenls does not cover the other information and we do not express any
form of assurance conclusion Ihereon. Our responsibility is lo read the other information and, in doing so, consider
whether the other information is Material￿ inconsistent with the financial statements or our knowledge obtained in
the course of the audit, or olheTWiSe appears to be materially misstated. W we identify such material inconsistencies
or apparent material misstalemenls, we are required lo delemiine whether this gives rise lo a material misslalemenl
in the financial slalemenls themselves. If, based on the work we have performed, we conclude that there is a
material misslalemenl of this other infomalion, we are required lo report that f8cI.
We have nothing to report in this regard.
10

HAMPSHIRE AND THE ISLE OF WIGHT COMMUNITY FOUNDATION
INDEPENDENT AUDITOR'S REPORTTO THE TRUSTEES OF HAMPSHIRE AND THE ISLE OF
WIGHTCOMMUNITY FOUNDATION
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 infomiation gThien in the Trustees. report, which includes the d1￿CtOrS, report prepared for the purposes of
company law, for the financial year for which the financial statements are prepared is consistent with the
financial slalements., and
the directors, report included within the Trustees, report has been prepared in accordan￿ with appI￿able
legal requirements.
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 Companies Act 20(E 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 5ts1emenls are not in agreement with the accounting records and relums., or
certain disclosures of Iruslees, remuneration specified by law are not made,. or
we have not received all the information and explanation5 we require for our audit," or
the Trustees were not entf(led lo prepare the financial slalemenls in accordan￿ with the small
companies regime and lake 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 ful￿ in the Statement of Trustees, Responsibilities. the Trustees, who are also the directors of
the charty for the purpose of company law, are responsible for the preparation of the financial slalements 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 a￿ free from material misstatement. whether due
lo fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the charitable
Company's ability to continue as a going ¢on¢em. disclosing. as applicable, matters related to going ¢oncem and
using the going concern basis of accoLJnting un￿sS the Trustees either intend to liquidate the charitable company or
lo cease operatsons, or have no realistic a￿ernatIVe but to do so.
Auditorfs 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 lo fraud or error, and lo issue an auditor's report that inclLJdes OLJr opinion.
Reasonable assuran￿ is a high level of assuran￿ but is not a guarantee that an audit conducted in accordan
with ISAS IUKI will always detect a material misslalemenl when il exists. Misstatements can arise from fraud or
error and are considered material if, individually or in the aggregate, they could reasonably be expected lo influence
the economic decisions of users tsken on the basis of these financial slalemenls.
Irregularities, including fraud, are instan￿S of non-compliance wlh laws and regulations. We design procedures in
line with our responsibilities, outlined above, to delect material misstslemenls in respect of irregularities, including
fraud. The extsnt to which our procedures are capable of detecting irregularities, including fraud, is detsiled below.

HAMPSHIRE AND THE ISLE OF WIGHT COMMUNITY FOUNDATION
INDEPENDENT AUDITOR'S REPORTTO THE TRUSTEES OF HAMPSHIRE AND THE ISLE OF WIGHT
COMMUNITY FOUNDATION
Extent to which the audit was considered capable of detecting irregularities. including fraud
OLJr approach to identifying and assessing the risks of material misslatemenl in respect of irregularities, including
fraud and non-compliance with laws and regulations, was as follows..
the engagement partner ensured that the engagement team colledivety had the appropriate competen￿,
capabilities and skills lo identify or recognise non-complian￿ with applicable laws and regulations.,
we identrfied the laws and regulations applicable lo the company through discussions with Trustees and
other management, and from our kno￿edge and experien￿ of the sector.,
we focused on specific laws and regulations which we considered may have a direct material effect on the
financial statements or the operations of the Charitab￿ company, including the Companies Act 2006, the
Charities Act 2011, the Charities SORP, laxalion legislation, dats protection, ant￿bribery, employment,
environmental and health and safety ￿gIslatIOn,.
we assessed the extent of compliance wlh the laws and regulations identified above through making
enquiries of management and inspecting legal correspondence,. and
identified laws and regulations were communicated wi(hin the aud(t tearn regularly and the team remained
alert lo instances of non-compliance throughout the audit.
We assessed the susceptibility of the charitable company's financial statements to matsrial misslalemenl, including
obtaining an understanding of how fraud might occur, by..
making enquiries of management as lo where they considered there was susceptibility lo fraud, their
knowledge of actual, suspected and alleged fraud,. and
considering the internal Controls in pla￿ to miligale risks of fraud and non-complian￿ with laws and
reoulalions.
Audit response to risks identified
To address the risk of fraud through management bias and override of controls, we..
perfomied analytical procedures lo identify any unusual or unexpectsd relationships.,
reviewed all transactions listed.,
assessed whether judgements and assumptions made in delemiining the accounting estimates were
indicative of potential bias., and
investigatèd the r81ionale behind significant or unusual Iransaclions.
In respx)nse to the risk of irregularities and non-complian￿ with laws and regulations, we designed prO￿dureS
which included, bul were not limited lo..
agreeing financi81 slalemenl disclosures to underlying suptK)rting documenlalion," and
enquiring of management as lo actual and wtenlial liligalion and claims.
There are inherent limitations in our audit procedures described above. The more removed that laws and
regulations are from financial transactions, the less likely it is that we would become aware of non-complian¢e.
Auditing standards also limit the audit procedures required lo idenlrfy non-compliance with laws and reguL4tions lo
enquiry of the Trustees and other management and the inspection of regulatory and legal correspondence, rf any.
Material misslalements that arise due lo fraud can be harder lo delecl than those that arise from error as they may
involve deliberate concealment or collusion.
A further description of our responsibilities is available on the Financial Reporting Council's website at..
hltps'.IlwM￿.frC.or9.UkIaudlt0rsreSponSlb1lI1les. This description fomis part of our audilorfs report.
12

HAMPSHIRE AND THE ISLE OF WIGHT COMMUNITY FOUNDATION
INDEPENDENT AUDITOR'S REPORTTO THE TRUSTEES OF HAMPSHIRE AND THE ISLE OF WIGHT
COMMUNITY FOUNDATION
Use of our report
This report is made solely to the Charty's Trustees, as a body, in accordance wlh Chapter 3 of Part 16 of the
Compan￿$ Act 2006. Our audit work has been undertaken so that we might stsle lo the charitable company's
Trustees those matters we are required lo state lo them in an auditors, report and for no other purpose. To the
fullest extent pemiitted by law. we do not accept or assume responsibility to anyone other than the charf(ab
company and the charitable company's Trustees as a body, for our audit work, for this report, or for the opinions we
have fomed.
Stephen Meredith BA FCA DChA (Senior Statutory Auditor)
for and on behalf of Alliotts LLP
0810712021
Chartered Accountants
Statutory Auditor
Friary Court
13-21 High Street
Guildford
Surrey
GU1 3DL
13

HAMPSHIRE AND THE ISLE OF WIGHTCOMMUNITY FOUNDATION
Financial Statements
STATEMENT OF FINANCIAL A￿1VITIEs (incorporating the Income & Expenditure Account)
for the year ended 31st December 2020
Unrestricted
Funds
Restricted Endowment
Funds
Funds
2020
2019
Income and endowments from..
Donations and legacies
Investment Income
875
17,610
18,485
2,831,884
1,486,212 4,318,971
413,854
431,464
1,900,066 4,750,435
344,460
457,000
801,460
Total income and endowments
Expenditure on:
Raising funds
Charitable activities
Total Expenditure
2,831,884
120,860
211,246
332,106
120,860
28,841 2,542, 118
28,841 2,662,979
102,367
872,182
974,549
415
2,302,031
2,302,031
Net Ilossesl/gains on Investment Assets
Net {expenditure)/income
Transfers between funds
Net movement in funds
Fund Balances brought forward
Fund Balances carried forward
14,0361
1317,6571
430,034
112,377
280,046
392,423
522,725
518,689 1,610.514
2,393,950 2,606,147 1,437,425
1716,1381
101
1,677,812 2,606,146 1,437,425
13,199,250 13,810,671 12,373,248
14.877,062 16,416,817 13,810,673
529,853
286,104
815,957
331,375
1,147,332
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing operations.
14

HAMPSHIRE AND THE ISLE OF WIGHTCOMMUNITY FOUNDATION
Financial Ststements
Balance Sheet as at 31st December 2020
2020
2019
Fixed assets
Tangible Assets
Investments
Properties
13,892,423
600,000
14,492,423
12,388,702
600,000
12,988,702
Current assets
Debtors
Cash at Bank and in hand
io
129,912
1,826,236
1,956,148
131,7541
1,924,394
16,416,817
2,236
918,534
920,770
198,8011
821,969
13.810.671
Creditors falling due within one year
Net current assets
li
Netassets
12
The funds ofthe charity:
Unrestricted funds=
General funds
Revaluation resetve
392,423
280,046
12
392,423
280,046
Endowment funds
Restricted income funds
12113
12114
14,877,062
1,147,332
13,199,250
331,375
Total Charity Funds
12
16,416,817
13.810.671
These financial statements have been prepared in accordance with the provisions applicable to
companies subject to the small companies, regime within Part 15 of the Companies Act 2006.
Approved by the Trustee5 on
08107
2021 and signed on their behalf..
Rebecca Kennelly, Chair
Company Registration Number.. 04534462
15

HAMPSHIRE AND THE ISLE OF WIGHTCOMMUNITY FOUNDATION
Financial Statements
Statement of Cashflow for the year ended 31st December 2020
2020
2019
Cash flows from operating activities
Cashflows from investment activities
Net Idecrease)l increase in cash during the year
Cash at the beginning of the yea r
Total cash at the end of the year
19
1,496,555
1588,8531
907.702
918,534
1,826,236
1499,1051
754,645
255.540
662,994
918,534
20
16

HAMPSHIRE AND THE ISLE OF WIGHTCOMMUNITY FOUNDATION
Notes ToThe Financial Statements ForThe Year Ended 31st December 2020
Accounting Policies
The following accounting policies have been applied consistently in dealing with items that are considered
material in relation to the financial statements.
Accounting Convention
The financial statements have been prepared under the historical cost convention and in accordance with the
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
IFR51021 leffective l January 20191- (Charities SORPIFR510211, the Financial Reporting. Standard applicable in
the UK and Republic of Ireland IFR51021 and the Companies Act 2QK)6.
The accounts are prepared in sterling, which is the functional currency of the charitable company. Monetary
amounts in these financial statements are rounded to the nearest £1
Hampshire and Isle of WiEht Community Foundation meets the definition of a public benefit entity under
FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise
stated in the relevant accounting policy notelsl.
Preparation of the accounts on a going concern basis
The organisation has financial reserves held in investments, together with long-term endowments provided by
donor5. The organisation has cash at bank of £1,826,236, as a consequence the Trustees believe that the charity
is well placed to manage its business risks successfully despite the current uncertain economic outlook. The
Trustees have a reasonable expectation that the organisation will have adequate resources to continue in
operational existence for the foreseeable future. Accordingly, they continue to adopt a going concern basis in
preparing these financial statements.
Incoming Resources
Income and debt is recoEnised when the Charity has entitlement to the funds, any performance conditions
attached to the itemlsl of income have been met, it is probable that the income will be received and the
amount can be measured reliably.
Income from trust transfers and new endowments is recognised when funds are received.
Income from government and other grants, whether'capital, grants or 'revenue' grants, is recognised when the
charity has entitlement to the funds, any performance conditions attached to the grants have been met, it IS
probable that the income will be received and the amount can be measured reliably and is not deferred.
Donated facilities are recognised on the basis of the value of the gift to the charity, which is the amount the
charity would have been willing to pay to obtain facilities of equivalent economic benefit on the open market; a
corresponding amount is then recognised in expenditure in the period of receipt.
Investment income is recorded in the financial statements on the accruals basis and is allocated to individual
endowment funds at the end of each quarter on the basis of the fund value at the end of the previous quarter.
Interest earned on current accounts is allocated to core funds. Flow-through funds receive no interest except
where the fund is required to be held in a separate account.
17

HAMPSHIRE AND THE ISLE OF WIGHTCOMMUNITY FOUNDATION
Notes ToThe Financial Statements ForThe Year Ended 31st December 2020
l Accounting Policies {continuedl
Fund Accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees.
Restricted funds can only be used for the particular restricted grant-making purposes within the objects of the
charity. Restrictions arise when specified by the donor or when funds are raised for a particular restricted
purpose.
The unrestricted fund makes a charEe on the other funds as follows..
Flow-through funds- as agreed with the donor
Endowment funds- 1.5% of the fund balance per annum
Expenditure and irrecoverable VAT
Expenditure and liability is recognised once there is a legal or constructive obligation to make a payment to a
third party, it is probable that the settlement will be required and the amount of the obligation can be
measured reliably. Expenditure is classified under the following activity headings..
Costs of raising funds comprise the staff time of key members of staff responsible for business
development namely the CEO, Isle of Wight Administrator with support from the Financial Controller
and the Marketing Administrator, along with directly attributable support costs and a share of
overheads proportionate the percentage of staff costs,.
Expenditure on charitable activities includes all grants paid and other costs directly associated with
grant-making, including donor and fund-holder services and marketing and their associated support
costs;
Other expenditure represents those items not falling into any other heading.
Irrecoverable VAT is charged at cost against the activity for which the expenditure was incurred.
Allocation of support costs
Support costs are those functions that assist the work of the charity but do not directly undertake fund raising
or charitable activities. Support costs include back office costs, finance, personnel, payroll and governance
costs which sUPPOrt the charity's objects. These costs have been allocated between cost of raising funds and
expenditure on charitable activities. The bases on which support costs have been allocated are set out in note
Payment of grants
Grants payable are paymer)ts made to third parties in the furtherance of the charitable objectives of the
charity. Single or multi-year Erants are accounted for when the recipient has a reasonable expectation that
they will receive a grant and the trustees have agreed to pay the grant without condition. Grants are paid as
soon as they fall due. Grants which are payable out of future income and where the beneficiaries are aware
they are conditional upon that income being received by the charity, are not accrued in advance of that
income being received, so that the expenditure is matched with the income as it arises. Details of any such
future commitments are set out in the notes as contingent liabilities.
TanEible Fixed Assets
Assets costing more than £3,000 are capitalised at cost. Provision for depreciation of fixed assets held for
use by the charity is made at annual rates calculated to spread the cost of each asset evenly over its useful
expected life. The depreciation rates are-
18

HAMPSHIRE AND THE ISLE OF WIGHTCOMMUNITY FOUNDATION
Notes ToThe Financial Statements ForThe Year Ended 31st December 2020
Computer equipment
Furniture, fixtures and equipment
over 3 years
over 3 to 10 years
Fixed Asset Investments
Investments are stated at market value as at the balance sheet date. The statement of financial activities
includes the net Eains and losses arising from disposals throughout the year and revaluation at the year end.
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.
Pensions
The charity contributes to defined contribution pension schemes of individual staff members with more than 3
months, continuous service, unless the staff member chooses to opt-out of the arrangement. All eligible staff
have been written to concerning automatic enrolment and been offered contributions into a NEST company
scheme, continuing with existing arrangements or opting out. Pension costs are charged to the Statement of
Financial Activities as incurred.
Unrestricted
Funds
Restricted Endowment
Funds
Funds
2 Donations and Legacies
2020
2019
Grants receivable, gifts and donations
Government Grant Income
Sponsorship
Donated services and facilities
875
2,143,048
688,836
1,486,212
3,630,135
688,836
346,167
14,6191
2,912
344,460
344,459
875
3,478
2,831,884
289,353
1,486,212
51,628
4,318,971
2019 analysis
3 Investment Income
Unrestricted
Funds
Restricted Endowment
Funds
Funds
2020
2019
Dividends received
Income from investment properties
Interest received
16,368
383,332
29,020
1,502
399,700
29,020
2,744
427,074
26,177
3,749
1,242
17,610
20,825
413,854
436,175
431,464
457,(M)O
457,(N)O
2019 unalysis
4 Charitable Activity
2020
2019
Institutional Grants Paid
Grants paid to Individuals Iwinter and
Summer campaignsl
Total Grants Paidlsee note 14 for
detail)
Support costs see detail in note 5
Charitable Activities
2.275.443
671,6
26,587
21.475
2.302.030
693.075
240.088
2,542,118
179,107
872,182
19

HAMPSHIRE AND THE ISLE OF WIGHTCOMMUNITY FOUNDATION
Notes ToThe Financial Statements ForThe Year Ended 31st December 2020
The largest institutional grant paid in 2020 was £125,000,12019 £15,000). A full list of grants paid is published
in the charity's Annual Review, which is available on request and via our website. The causes supported during
2020 are..
155ues
Arts, Cult(Jre & Herita
Community & Family Su
ort
Counsellin
Advice & Mentorin
Crime & Anti-social Behaviour
Education & Training
Employment & Labour
Healthy Livin
Housin
& Homelessness
Mental or Physical 111-health & Di53bilit
Poverty & Disadvantage
Social Inclusion, Fairness & Equalit
Domestic violence
Emer
/Rescue ServI￿S
IT / Technolo
This is based on all the grants for 2020 who recorded this data.
0%
18%
4%
7%
18Yo
18%
1%
11%
14%
4%
2%
en
0%
S Analysis of expenditure
2020
2020
2019
2019
Ralslng Funds
Charltable
Activity
Charltable
Artivity
Ralslng Funds
Staff costs/ Consultant cost
ESF costs
Recruitment costs
Travel, training and subsistence
Marketing costs
General Offi￿ costs
Grant programme costs
Governance costs Ibelowl
Bank charges
Investment management costs
Unrestricted Expenditure
Investment manègement COSts
Total support costs
Restricted grant making
Total Resour￿$ Expended
87,610
7.463
4,209
586
7,187
13,709
105,945
29,853
1,943
309
7.187
17,650
3,059
42.250
865
2,185
211.246
28,841
240.087
2,302,031
2.542,118
83,507
96,792
4,919
1,378
12,472
2,593
4,779
15,053
5,6(M)
18.426
819
2,313
146,376
32.731
179,107
693,075
872,182
96
91
120.860
102.367
120R60
102,367
120.860
102.367
2020
2019
Governance Costs
Staff costs
Recruitment costs
Travel, training and subsistence
General office costs
Professional fees
10,187
324
1,057
1,522
29,160
42,250
9,489
1,701
6,436
18,426
20

HAMPSHIRE AND THE ISLE OF WIGHTCOMMUNITY FOUNDATION
Notes ToThe Financial Statements ForThe Year Ended 31st December 2020
Governance professional fees include auditors, remuneration of £5,87012019.' £5,540), investment consultants
£11,700 engaged in 2020 to assist the Finance & Investment Committee and HR consultants £9,461 to advise
on staff contracts and other HR matters
6 Transfers between fvnds
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Transfer from Endowment to Restrirted Funds towards
the payment of grants
Transfer of approved management fees
Transfer of approved management fees
Net Transfer$ 2020
Net Tmnsfers 2019
501,355
1501,3551
219,816
210,218
430.034
213,057
1219,8161
5,033
1716,1381
{667,723J
1215,2511
286.104
454.666
7 Tanglble Flxed Assets
Computer
Equlpment
Cost
Cost brought forward
Additions
Disp05als
Cost carried forward
10,681
19,1211
1,560
DeP￿CIatIOn
Depreciation brought forward
Charge for the year
Disposals
Depreciation carried forward
Net Book Value
Net Btsok Value at 31 December 2020
Net Book Value at 31 December 2019
10,681
19,1211
1,560
8 Financial Instrument5
2020
2019
Carrying amount of finantial assets
Investments measured at fair value through net income /
expenditure
Debt in5trument5 measured at amort15ed c05t
Carrying value of financial liabilities
Accruals measured at amortised cost
13,624.071
2.219,866
12.343,407
963,830
31.754
98.801
21

HAMPSHIRE AND THE ISLE OF WIGHTCOMMUNITY FOUNDATION
Notes ToThe Financial Statements ForThe Year Ended 31st December 2020
9 Investments
Market value at I, January
Additions at cost or transfer value
Realised gains/llosses1 on disposal
Unrealised gains IIOs5esl
2020
2019
12.388,702
1,704,874
1921,2101
493,305
11,102,383
1,727
28,563
1,583,964
Increase Ildecrease in cash invested
ma￿et value as at 31st December
Historical Cost as at 31 December
226,752
13,892,423
10,724,963
327,935
12,388,702
9,931,449
The investment held at the year end at market value comprise..
2020
2019
Investments comprise..
Listed investments
CCLA investment managed fund
Property intome trusts for charities
Cash
Market value as at 31° December
49%
48%
6,792,831
6,719,372
111,868
268,352
13,892,423
57Yo
42%
7.013,088
5,211,422
118,897
45,295
12,388,702
2Y,
oy,
loo%
loo%
£268,83012019'. £276,313) of the Investment Assets are unrestricted funds, £200,000 is restricted funds12019:
£200,000) with the balance of £13,423,59312019.. £11,912,389) relating to Endowment Funds.
The UK investment properties are included at the Trustees, estimate of market value. Alderman Joe Davidson
Properties were valued in May 2013 as part of the transfer of assets from the linked charity at £600,000. The
Trustees are not aware of any material changes since the valuations.
10 Debtors
2020
2019
Donatic)ns & Grants Receivable
Prepayments
125,279
4,633
129,912
2,236
2.236
11 Creditors
2020
2019
Accruals
26.953
4,801
31.754
94.542
4,259
98,801
Tax & Social Security
22

HAMPSHIRE AND THE ISLE OF WIGHTCOMMUNITY FOUNDATION
Notes ToThe Financial Statements ForThe Year Ended 31st December 2020
12 Net Assets & AnalysSs of Funds
The net assets represent the combined funds of four linked ch8ritie5-.
Investments Cash at bank
Other net
current assets
Net assets
Hampshire & the Isle of Wight
Community Foundation (the reportinB
charity- 1100417-01
Endtswment Funds
Re5tritted Funds
Unrestricted Funds
11,886.398
200,0
268,831
12,355,229
853,469
807.146
150,713
1,811,328
12.739,867
1.132,424
392,423
14,264,714
125.278
127,1211
98,157
Montagu Nevllle Durnford and Saint
Leo Cawthan Memorial Trust Ilinked
charity- 1100417-11
Endowment Funds
Restricted Funds
Unrestricted Funds
656,120
656,120
656,120
656,120
The Lord Mayor of Portsmouth's
Charity (linked charity- 1100417-21
Endowment Funds
Restricted Funds
Unrestricted Funds
636,815
636,815
636,815
636,815
Alderman Joe Davidson (linked charity
110041741
Endowment Funds
Restrirted Funds
Unrestricted Funds
775,954
775,954
14,908
14,908
775,954
14,908
790.862
Futther School Foundation (linked
charity- 1100417-51
Endowment Funds
Restrirted Funds
Unrestricted Fund5
68,306
68,306
68,306
68,306
Totals for all Charitles Above
Endowment Funds
Restrirted Funds
Unrestricted Funds
14,023.593
200,000
268,831
853,469
822,054
150,713
14.877,062
1,147,332
392,423
125,278
127,1211
TOTAL FUNDS
14,492,424
1,826,236
98.157
16,416.817
23

HAMPSHIRE AND THE ISLE OF WIGHTCOMMUNITY FOUNDATION
Notes ToThe Financial Statements ForThe Year Ended 31st December 2020
13 Endowment Funds
Note Balance at Incoming
Investment Balance at
0110112020 Resources Expenditure Transfers )ins/lLossesl 31/1212020
Llnked Charltles
Alderman Joe Davidson
Civic Fund Portsmouth Capital
Charity Fund (Linkedl
Montagu Neville Durnford & St Leo
Cawthan (Linked) Capital Fund
Futcher School Foundation
779,465
30,970
127,4291
17,0521
775,954
609,224
18,666
128,1961
37,121
636,815
627,692
19,25S
129,0751
38,248
656,120
68,367
2,015
13231
13,2721
1,519
68,306
Other funds > £41Xlk
BAT Endowment FLJnd
8lagrave Capital Funds
Ooris Campbell Memorial Fund
Vivid Funds
Ford Southampton Fund
Isle of Wight Community Fund
Penton Grassroots Fund
Portsmouth City Community Funds
Charles Burnett Memorial Fund
Hampshire Playing Fields
A550Clatiori
Rock Bottom Funds
Other endowment funds
499,615
573,717
770,841
570,585
644,672
626,400
595,980
1,048,182
14,740
17,316
24,559
17,383
19,784
18,460
17,398
31,488
1,000,005
11,4541 125,4711
19771 127,0681
12,7361 137,4891
14111 126,6381
129,7381
12,6051 180.3351
12,4551 134,4831
12,2951 149,7151
115,0651
11,845
499,275
25,868
588,856
10.257
765,432
3D,940
591,859
39,300
674,018
13.921
575,841
11,749
588,189
42,505 1.070,165
36,043 1,020,983
490.287
125,4311
18.297
483.153
517,484
15,2SI
5,267,026
162,488
13,199,250 1.900,066
12,1521 125,0601
113,4331 1251,6711
28,8411
716,136
11,500
517,023
200,662 5,365,073
522,723 14,877,062
Endowment funds represent those assets, which are held in the long term by the charity, principally
investments. Income arising on the endowment funds can be used in accordance with the objects of the
charity and in line with the donor wishes on restricted funds.
Transfers include both transfer of expendable endowments to restricted funds for furtherance of charitable
objectives and also management fees char8ed on endowment funds.
Funds are disclosed individually where considered significant, based on a threshold of 5Yo of the category
totals, andlor the nature of the transactions within the fund. Consideration of the identity of the parties
involved in the transactions, and the effect on the disc105ure headings such as the openin8 and closing
balances, income, payments and transfers within the fund have also been taken into account when considering
whether an individual fund is significant. All other funds not considered individually significant are shown in
aggregate as 'Other endowment funds,.
Notes relatinE to significant funds..
a. The Alderman Joe Davidson (linked charity) fund comprises property valued at £600,000 and CCLA
investment of £137,419, together with a sinking fund of £25,000 plus a property management account
of £13,534
b. This is a Community First Fund that is focused on small, local voluntary and community Eroups in
Portsmouth-
This is a Community First Fund that is focused on people over 50 with priority given to Naval men,
women and their widows in the Portsmouth area;
d. This is a fund transferred from Portsmouth City Council for the benefit of Portsmouth groups,.
e. These funds are all expendable endowment funds with linked revenue funds for annual grant-makinE,'
24

HAMPSHIRE AND THE ISLE OF WIGHTCOMMUNITY FOUNDATION
Notes ToThe Financial Statements ForThe Year Ended 31st December 2020
The Isle of Wight Community Fund includes proceeds from the sale of two properties on the Isle of
Wight.
14 Restrlcted Funds
Balance at
11112020
Balance at
3111212020
Note
Net Income Grants paid Transfers
Llnked charltles- revenue funds
Alderman Joe Davidson (linked charity)
aa.
11,128
121,4301
25,211
14,909
Civic Fund Portsmouth Revenue Fund
aa.
7,852
132,3791
24,527
Montagu Neville Durnford & St. Leo
Cawthan Fund5 (linked charity)
Futcher School Foundation
aa.
120,0831
20,083
12.3931
2,393
Flow-throu8h contrarts
Solent Employment Grant - match
Solent Employment Grant - DWP
IWILL
bb.
138,834
215,000
1117.7781
50.000
125,278 1111,6381 121,1401
25,000
20,000
735,663
1384,6511 144,6731
1,677,273 11.419,6091 1104,9461
53,670
1192,0691
314.648
286.056
17,5001
45.000
306,339
bb.
cc.
We're All Together
We're All Together-NET/DCMS
Other grant revenue and flow through funds
dd.
ee.
152,718
173,561
349.810
331,375 2,831,884 12,302.0301
286,103 1,147.332
Restricted funds are funds that have been given for particular purposes and projects in order for the charity to
fulfil its charitable objectives. Restricted Funds are held for future grant-makinB, all funds held at 31st
December 2020 are expected to be distributed during 2021.
Funds are disclosed individually where considered significant based on the volume of grant-making and/or
balance at the year end, or where the fund is a linked charity. Consideration of the identity of the parties
involved in the transactions, and the effect on the disclosure headings such as the opening and closing
balances, income, payments and transfers within the fund have also been taken into account when considering
whether an individual fund is significant. All other funds not considered individually significant are shown in
aggregate.
Transfers comprise transfers from endowment funds to linked revenue funds for annual grant-making totalling
£501,354 less contributions from restricted f unds to core costs charged on flow-through contracts totalling
£210,218 and transfer to Endowment funds of £5,033
aa. These show income transferred from Endowment funds to Revenue funds to support charitable grant
making on behalf of Linked Charities
bb. Solent Employment Grant Programme is a Flow-through fund covering the period April 2020 to March
2023. The balance from Solent Community Grants Programme was transferred to the Solent Employment
Grant Programme
cc. These are all Flow-through funds distributed in accordance with their defined charitable purposes.
dd. HIWCF launched We're All Together Fund in response to the pandemic in 2020, this fund also included
contributions from Vivid, NHS, CO-OP and Barclays.
ee. HIWCF received funding from National Emergency Trust INETI and the Department for Digital, Culture,
Media & Sport IDCMSI via UKCF for emergency grants in response to the pandemic
25

HAMPSHIRE AND THE ISLE OF WIGHTCOMMUNITY FOUNDATION
Notes To The Financial Statements For The Year Ended 31st December 2020
15 Staff Costs and Emoluments
2020
2019
Wages and salaries
Social security costs
Pension costs
207,464
14,238
7,499
229,201
169,750
12,542
7,497
189,789
The average headcount during the year was as follows..
2020
2019
Senior management
Managers
Officel Administration
At 31st December there were 2 full-time staff and 5 part-time staff, making 5 full-time equivalent staff12019:
51.
The aggregate remuneration of key management personnel was £116,65312019'. £112,4001 with one
employee receiving more than £60,0(x) per annum12019'. one employee receiving more than £60,CM)01.
Pension costs are allocated to activities in proportion to the related staffing costs incurred and are wholly
charged to unrestricted funds. No staff received any benefits in kind.
16 TNstees' Remuneration
The trustees did not receive any remuneration during the year12019=£nill. Three trustees12019.. 21 were
reimbursed for travel expenses totalling £l,01012019.. £1,306).
17 Penslons
The charity contributes to individual staff s defined contribution pension schemes. The contributions due for
the year were £7,49912019 £7,497). At the year-end there was a pension creditor of £47612019 £2941.
18 Grant Commitments
There are no contingent liabilities in respect of future grant commitments in 20201£0 in 2019 payable in 20201.
19 Ca5hflow from operating artivities
2020
2019
Net income/ lexpenditurel
Add back depreciation charge
Oecrea5e in debtOf5
Increase / Idecreasel in creditors
Investment income Inc>te 31
Unrealised gain51 Ios5e5 (note 91
2,606,146
1,437,425
1127,6751
167,0471
1431,4651
1483,4041
1,496,555
31.660
72,776
1457,0001
11,583,9661
1499,1051
26

HAMPSHIRE AND THE ISLE OF WIGHTCOMMUNITY FOUNDATION
Notes ToThe Financial Statements ForThe Year Ended 31st December 2020
20 Cashflow from Investment a¢tlvStles
2020
2019
Investment income (note 31
Investment additions at cost or
transfer value (note 91
Realised gain on disposal
Proceeds on disposal Inote 91
431,464
457,(M)O
11.134,5381
11,7271
135,2831
128,5631
Decrease in cash invested (note 91
149,504
327,935
1588,8531
754,645
27