Communlty Foundation for Surrey Community Foundation for Surrey Together we can Report of the Trustees and Financial Statements for the Year Ended 31 March 2024 for Community Foundation for Surrey (Limited by Guarantee) Registered Charity Number.. 1111600 Company Numb8r: 05442921 Company Number 05442921 Charity Number 1111600
Community Foundatlon for Surrey Report of the Dir6ctor8 and Financlal Statements for the Yèar Ended 31 March 2024 Contents Page Tru8tee8' Annual Report Chair's Report Objectives and Activiti8s Achievements and Performance Financial Review Plans for Future Periods Structure, Governance and Management Trust8es' responsibilities in relation to the financial statements Ref8r8nce and Administrative Details 6-11 11-12 12-13 13-14 15 16 Indopondont Audltor8' Report 17.19 statement of Flnanclal Actlvllles 20 Balance Sheet 21 Summary Income and Expendltura Account 22 ststement of Ca8h Flows 22 Note8 to the Flnanclal Stat8ments 2347 Company Number 05442921 Charity Numb8r 1111600
Communlty Foundation for Surr&y Tru8fee8' Annual Report for the Year End&d 31 March 2024 Chairfs Report It has b8en another very busy year for th8 Communily Foundalion for Surrey, and we are extremaly grateful to all our fund-owners. donors. volunteers and wid8r support&r network for 6nabling us to make such a posillve impact on our communities in these challenging limes. Thls year our grants award8d totslled £2.094,410.65. However, It Is sobering to note that we received 1025 Expressions of interest (first stage funding requests) lotalling £40,232,133 - of which £8,438,564 were eligible for our fundln9. The cost-of-llvlng crisis in Surrey over thé last 18 months has ampllfied existing inequali118S throughout the county. In particular.. Th8rn h8s b88n 8 63% increase in private landlord repossession/ewction 8nd homelessness rdtas a Iner8a&ng. Just und8r I In 10 Suffey children 8ggd 15 and und6r (19,901) ar8 living in ab801ute low Income housgholdsl 2 Of these 8 In 10 are in houses whlch wern in employmanl (1.8. not relying solely on benefit). In-work-POVerty h8s Inc asgd shawly in the last 2 y89. Th9re has b88n an 83% Incra8S8 year-on-year In 6nqulries to Surrey Cltlzens Advice Bureaux 8bout fuel costs and a 78% increase in residents seeking help because they Gannot 8fford Council Tax. Thls y8ar wlth our Winl8r Poverty fundraising campalgn we succ88sfully 1000/0 matched £1 Ook of Surrey County Council funds by don8tions from the wider Surrey population. We received the following lovely thank you nota from step by Step a charity $upporting homeless young people, 'This grant will support our work during 8 parlod of high demand that we experlence 8sch year when the weather is vyorse anLY the cost of living high for young pgoplo living In unst8bla accommodatlon. With your h81p, w8 will h8V8 the sOUrceS to rnspond to the sh8rply incraasing noad for accommodarfon and support ror some of the most vulnerable members ofour society." The Impact of th58 sltuatlon h85 meanl that a greater proportion of our grants are being awarded lo support 'baslc needs, such food and fuel poverty. W@ h8ve responded by continuing our Iwo-pronged strategy of growing grassrools giving through our Area Funds - we 8re dèligh18d to launch the new Mole Valley Fund. In parallel we contlnue to 8n¢ourag8 and support donors to com8 together to pool funds to address key strateglc needs in the county through pion8erSng pool8d funds such as our Mental Health Scale-up Fund, and our Slr81egic Transformation Programm6. W8 are dallghted to W8lcom8 four new funds this y8ar- the Mole Valley Fund, Marjorie J8ye (Pallletlve care and children and young people), Roshan Bailey Fund and Hall Hunlor Fund (food pov8ty and hèalthy eating). We are also pleased to be collabJrating with Surrey County Council, CCLA and UKCF on thé Cara-L88vers Fund- providing grants directly to young care-leavers and to organisations supporllng them a8 Ihey transition into adulthood. Looklng ahead to 2024-25 A number of our funds have annlversari8S-the Surrey Young People's Fund and Guildford Phllanlhropy both ¢el8brate 10 years, and in 2025 the Community Foundatlon for Surrey will celebrat8 20 y8ars of operallon during which tlme w8 have awarded over £23 million. W8 plan lo conllnu8 to grow and expand our work through the Mental Health Scale-up fund. Includlng work to Ilnk group8 8upporting young people's mental hoalth with cutting edga r8888rch into what 8LJPPOrt is the most effective and impaclful. On collaborative fundlng, we have also been working closely wlth the Surrey Cultural Partnership and have secured funding to develop a new fund lo support th8 arts. culture and heritag8 organSsations in our county lo improvo thair Two commoiilv used measures of povert! b&sed on dISpShle iiicothe Are.. Relative low iEL¢om¢.' This refers to people living in hoiiseholds with inconie below 60U/p of the medi} in that year. Absolute low income.. This Tefers to people living in households with income below 600/0 of median income in a base year. Households below avera Company Number 05442921 e income: an anal 515 of the income dlstribudon FYE 1995 to FYE 2021- GOV.UK Charity Numbar 1111600 www. ov.uk
Communlty Foundatlon for Surrey Trugtees, Annual Report for the Year Ended 31 March 2024 capacity to engago with those most in need. Our key aim with thls naw fund will be to draw on the fabulous resources in the county to ensure that quality of lif& is improved for avaryone, and no one is left behind. So much lo be done- but with such strong support and goodwlll backing us, we are exciled by the opportunltl&s ahead of us. Slr Denlg O'connor, Chair The Trustees, Annual Report incorporates the Directors, Report as required by company law. ObJectlvo8 and Actlvltl88 The Community Foundation for Surrey (the Foundation) is an Independent local charity, whilst also being part of a long-standing global movement of Community Foundations, of which there are 47 in the UK. Our role is to bring together those wlth a desire to give in support of local communitles and those who are positlvely acting to address local challenges. Vision We believe in a stronger fairer Surrey enabling 8veryone to support organisations who are making a posltive dlfference to our communitie8 SO that no one is left behlnd. Mlssion To make a lasting difference to Surrey by being a catalyst In th8 county through connecting people, ideas and resources to need. The stst8d objects of the Foundation are the promotion ofcharitable purposes forth8 beneflt of the community In the county of Surrey- and in particular the advancement of education; the protection of good health, both mentsl and physical. and the rellaf of poverty and sickness. These objects 8re closely reflectsd in th8 Foundation's strategy for its grant-making, which identifi8s key prlorlty themes: Young Peopl8- SUPPOrting the range of challenges faced by young p&ople. Wellbelng - Advance people's wellbeing, physical and menlal health and saf@ty Equity & Inclusion - Reduc8 disadvantage and increase access to services, strengthen community cohesion and bulld social capacity. Values The work of the Found8tlon is under.pinned by the ft)Ilowing core values: Carlng Ambltious Stralfjgic In¢lu$lve Independent Knowledgeable Supportlve Empowering Public Benefit The Tru51ees confirm that they have complied wilh lh8 duty in the Charities Act 2011 to hav8 due regard to the public benefit guidance publlshed by the Charity Commlsslon in dglermlnlng the actlvlties of thè Foundation. Th8 Company Number 05442921 Charity Numb8r 1111600
Community Foundatlon for Surrey Trustees, Annual Report for the Year Ended 31 March 2024 Trustees vIeW the activitlas of the Foundation agalnst its aims on an ongoing basls and 8r8 satisfied that all the 8clivities contlnue to focus on achieving its aims. No specific is8ues of detriment or harm have been identified. Charity Governance Code For th8 annual Board self-assessment, Trustees considered each of the seven key araas identified in the Charity Governance Code. the Governance Sub-commlttee meets bi-annually to r&view policies 8nd procedures and consider actions arising from SMT'S monthly review of the risk register. During 2024-25 we will be recruiting some new Trustees lo replace thosè r6tlring in tha coming year. Achlovements and Performance Highllghts Over£1.5m generaled in in¢oma to help those in nged. Over £2m awarded in grants. Ivuv Grantg aw8rded to 334 organisation5 and 134 individuals. Average Value of grant awarded to organisalions £5.3k, 16Qk of grants were awarded to organlsations who were applying to us for the first tlme. Over £0.25m grants wer8 award8d for scale-up of mental health support to young people. Over £100k in grants were awardad to support those most affected by the economic sltuation during wlnter. Growlng Local Philanthropy A key aim of the Foundation is to build significant resources to support those living In local communities across Surrey- in both the immediate and the longer term. During 2023-24, donations for immediate grant-making totalled £1.5m and a further £148k was received in donations to endowment. We currently hav& endowment funds totalling over £17.6m compared to £16.7m last year. The Foundation acts as a trusted phllanthropy advisor and partner, working togeth8r with major donors to direct their giving to the causes about which they are most passionate. Donors benefit from the Foundation's due diligence, and knowledge of local n8eds. As part of the Foundation, donors also have opportunities to meet other local donors and to receive regular updates on wider topics. A range of giving options are avallable. Company Number 05442921 Charity Number 1111600
Community Foundation for Surrey Trustees, Annual Report for the Year Ended 31 March 2024 Indlvidual and Famlly Giving We currentlywork with 37 individuals and families, providing bespok6 Donor-Advised Funds, including legacy I In memoriam glving. Many donors hav8 set up long-term Endowment Funds and have what has been desGribed as the 'unique JO of giving a onewoff gift, from which income can b8 allocated 8ach quarter, so the impact of their Initial gift continues in perp8turfy. Many also enjoy involving th8 next generation in their family giving. Corporate Glving - We currently have 11 Funds where we work in partnership with local companies to fulfil their Corporate Social Responsibillty (CSRI. enabling effeciive giving to good causes and engaging employees in these activitles. Charitablè Trusts - W8 have 11 funds which have eith8r been established through trust transfers in the cas8 of inactiv8 or closing trusts or wher8 w8 work in partnership with an active trust to deliver local grant-maklng. Collective Funds - Our 28 collective funds are comprised of donations from a wider group of local donors, united around a shared interest- whether that be a locality or a theme. Joining with others in this way means that multiple donations are pooled together, to achieve greater Impact. Mental Health scale.up Fund This fund is a co118Ctive fund, supported by a group of donors who have coma together to address the huge need for mantal health support in our young people. It awards 5-year grants of circa £0.25m each with the purpose of scaling up interventions which are clearly working. In 2023, an award was made to Elkon for a project delivering early interventlon support in primary schools to help children 10 years of age and under build resilience and learn strategies to manage key areas and relationships in their lives. The 2024 round has a focus on perin8tal and preschool mental health projects as this has been identified as a key gap in the county. The biggest caus8 of perinatal death in the UK is currently suicidg. Crlsis Fund The Crlsls Fund provides small grants of up to £10,000 to address a cash flow crisls In a significant voluntary group. The applicant must b& able to demonstrate that th8y hav8 a plan to turn around their situation and that the grant can make a demonstrable difference. In FY 23-24 2 grants were awarded from the Crisis Fund - Surrey Heath Age Concern and Home-start Runnymede and Woking. In 2024-25 we are recelving Girca 1 application a month. New Funds This year we were delighted to add the Marjorle Jaye Fund the owner of which is focussing on Palliative Care and childn'S charities. We also add the Hall Hunter fund, on b8half of the H811 Hunter Partnership, which is one of the UK'S largest berry producers, with an active farm in Waverley. Their fund focusses particularly on healthy eating and food poverty. The Roshan Balley Fund has also been set up which will support the 8thos that everyone should have the opportunity to achieve their full potential. We are also dellghted to welcome th6 new Mole Vall&y Communlty Fund to our network of Area Funds covering the county by worklng closely with Ioc81 communities to support grassroots organisations. Our Funds IndividuallFamlly Bespoke fund ArabeLla & Julian Smith Family Trust Aurora Fund Baker family Fund Betty Parr Whitbread Nusic Fund Bexington gr8nts Fund Blllmeir Fund Area Funds Chiddlngfold Community Fund Chobham Bly Lawson Youth Fund Community Fund for Reigate & Banstead Epsom & Ewell Community Fund Gulldford Phllanthropy Hambledon Community Fund Haslemere Challice Communlty Fund Birtley House Fund Company Number 05442921 Charity Number 1111600
Communlty Foundatlon for Surrey Trustees, Annual Report for the Year Ended 31 March 2024 Borrows charitable trust Fund Horl8y Edmonds Fund Bryn Siriol Horsleys Communlty Fund Burnett Environmental Fund Mole Valleycommunlty Fund Carrington FamilyTrust Qckleycommunlty Fund CARTSfund Peaslake Community Fund Catenum Fund Runnymede Community Fund Dancer Fund Spelthorne Community Fund E85t Court Fund Surrey Heath Communlty Fund GabrielL8 E. Thornton Fund Tandrldge Communlty Fund Greanshoots Woklng Communlty Fund Hamilton Hardy Hazelhurst Worklng Partnershlp wlth Charttable Fund Bety Parrwhltbread Music Fund Kaye F8miLy Fund Blshop of Gulldford's Foundation Fldellty UK Foundatlon Suirey Communlty Development Fund Netherby Trust Fund NI3S-Wells Fund Pargiter Trust Fund Peter Harrlson Foundatlon Community Fund ThomasTrust Community Fund SheppeTton Studios Comrnunity Fund Southern 360 Fund Thermotech Strategic Fund Woking BC CommlnSty Fund LBM Jem Fund Marjorie Jaye Fund NetherbyTru8t Fund NIBSW8118 One & 35 Fund Orchid Environmental Fund Parke8 Fund P8rrros Fund Smyth Community Fund 5tonar Brighter Futures Fund The Pargiter Trust Thomas Trust Fund Corporate Funds Alllanz Charles Russell speechlys Cyrus Electronlc Arts Education Fund Electronic Arts Youth Fund Fldelity UK Foundatlon Communlty Fund GatwlckAlrport Community Fund Hall Huner Sente software Shepperton studlos Communlty Fund Thermotech Fund Legacylln Mèmory Funds D8vid Tyson Memorial Fund Dor8 Fedoruk Memorial Fund Fiona Strong Memorial Fund Mamle MoLian Community Fund Poolad, themed Funds Carer8 Support Guildford Elder Companionshlp Gulldford Young Carers Mental Heglth Scale-up SurreyCommunityFund Surrey Communlty Music Fund Surrey Education Grants Fund Surrey Hills Communlty Fund Foundatlon Be8poke Funds Bishop of Guildford's Found8tlon Petér Harrison Foundation We would like to thank all of our Donors and Fund Holders who beeen them have made a substantial contribution to improving the lives of people across Surrey. Grant-maklng Company Number 05442921 Charity Number 1111600
Community Foundatlon for Surrey Trustees, Annual Report for the Year Ended 31 Mar¢h 2024 During 2023-24. the Foundation awarded 468 grants to both community groups and individuals across Surrey totalling £2.ogm of which 16 /0 was awarded to organlsations who were applying to us for the first time. Throu9h 2023-24 our donor funds continued to fund the ongoing work of the voluntary sector improving the lives of people in Surrey, and in particular to respond to the impact of the economic situation on individuals in need in Surrey, and on the voluntary and community sector organisations themselves. This year we saw a sharp increase in appllcafions by community organisafions for crlsis fvnding and the Surrey Community Fund was there to fill the gap. Funds working together- the Strateglc Tran8formatlon Programme This initiative involved Surrey County Council, Fldelity Foundation, Thormotech and Cyru8 Funds followlng a successful pilot in 2022-23. Each Funder made Separate funding d8cisions about which applications they would support, but together th6 funding was much more impactful and 8nabled us to provide additional help and support to ensure organisations could really focus on tn8 ll]allol change. During 2023-24 funds of over £200k supported projects like these: Surrey Youth Focus strategic alliance with Luminus CIC Delight- new way of working with schools Artventue Trust and G05d8n House collaboration Tandridge Voluntsry Action and Voluntary Action Reigate & Banstead, Merger costs. Organi5atlons which have been awarded funding through the programme have also been offered ongoing 5UPPOrt through our Funder Plus scheme, which has been particularly helpful for those who need help developing business plans or need help to develop shared resources or scope merger. In previou8 years, CFS were sometim88 not abl8 to sourc8 Sultable applications to put in front of funders who were looking to bring about significant transfom7atiori81 change, This was partly because funding for this was highly limited and so groups were unwilling to apply when chances of success would h8ve bean very low. However, by matching three of our Corporate Funds with £100,000 from Surrey County we created a significant'bask8t' of funds which was large enough for us to actively encourage groups to apply. Funds and the communlty worklng together- th6 Wlnter Povèrty campalgn. The cost-of-living crlsls In Surray over the last 18 months has ampllfiod exlsting Inequalitles throughout the county. In particular.. SCC and p8rtners have Seen mor8 P@ople than ever before applylng for crisis h8lp for 89s1st8ncg with 6nergy Costs and not havlng enough to afford basic provislons There has been a 630/0 Increase in private landlord repossessionleviction and homelessness rdt88 are increasing, Just under 1 in 1Q Surrey chlldren agod 15 and under (19,901) are living In absolute low-lncome household845 Of these 8 in 10 are in hou88s which were in employment (1.8. not relying solely on benefit). In-work-poverty ha8 increased sharply in the last 2 yoars, There has been an 83% increase ye8fwcn-year in enqulrles to Surrey Citizens Advlce Bureaux about fuel costs and a 78°h increase in sidents seeking help bacause they cannot afford Council Tax. In response, CFSurrey has been abl& to match a £100,000 donation from Surrey County Council thanks to funds raised from individual donors and trusts across the county, resulting in awards of £116,000 so far, and ongoing into 2024-25. 3 The C05t Df Livin Crisis in Surre Surre ov,uk Two commonly used measures of poverty b85eO on disposable income are.. Relative low Income.. This refers to people Ilving in households wtth Income below 60% of the median In that year. Absolute low Income.. This refers to people living in households with intome below 60% of median incorne In a base year. surre 5 Households below avera Company Numb8r 05442921 e income.. an anal sis of the income di5tributs.on FYE 1995 to FYE 2021- GOV.UK ov.uk Charity Numb8r 1111600 www.
Communlty Foundation for Surrey Trustees, Annual Rèport for the Year Ended 31 March 2024 We have operated our Winter Poverty fund as an emergency fund-withoutany formal deadlines and getting funding out rapidly to organisations working with those most in need over the winter period. Priority has been given to projects dealing with urgent issues. in particular.. Support for organisations tsckling the impact of rising costs and falling benefits including crisis provision e.g. measures which improve the sustainability of food banks or incr8ase the ability of debt advisors to provide support. Support for organisations that t8ckl8 the root causes of poverty. Support for organisations encouraging individual saving. National Programmos CCLA have launched a Fund for Car••Leaver8 through UKCF. The programme was intended to generate match income and funding of £15,000 from Surrey County Council and £5,000 from the Surrey Young People's Fund has been matched with £20,000 from CCLA to give a total fund of £40,000. This will enable us to award £10,000 in grants to individual car8-leaver8 through the Surrey Young People's Fund, and the r8maining funds will b8 used to support organisations working with Care-Leavers in the county. A complete Ilst of grants awarded is avallable on our webslte al htt s'.Ilwww.Gfsur ,uklwho-we-su 21 .or ort- Since it was established in 2005 to 31 March 2024, the Foundation has awarded 5,582 grants totalling £23,046,098. Flnancial Revlew 2023-24 £'ooo 2,421 2022-23 £'ooo 5,300 Whare our mono camé from Our total Income was New Donalions lo EndowrrEnt Funds 148 2930 New Donatlons to Flow-through Funds Donatlons towards Support Costs Distribution5 from Endowmnt Funds 1,534 1,712 137 130 602 528 Oth8r income £'ooo £'ooo How we spent our money We spent In total Grants. Grant Making & Donor Care Costs of Develo Phi18nthro 2,553 2,025 396 132 2,867 2,276 461 130 "Grants paid out during the year ended 31 March 2024 will differ from grants awarded (see not8 4.4). Gifts In Kind The Foundation received gifts in kind totalling £48k during the year,which includes provision of payroll servlce from Azets and Offi spac8 from Woking Borough Council. Investment Powers and Pollcy Company Numb8r 05442921 Charlty Number 1111600
Community Foundation for Surrey Trustees, Annual Report for the Yèar Ended 31 Mar¢h 2024 Under the Memorandum and Articles of Association, the Foundation has the power to invest funds as approved by the Trustees. The Board has established a Finance and Development committee consisting of Trustees, the Chief Executlve and Ihe Director of Finance. The group monitors the financial posltion, oversees th8 management of the funds to ensure optimum returns on investmenls, appoints professional advisers and auditors within agreed Board policy and makes financial recommendations to the Board. The Foundation's Investment obloctiva is to maximise th8 total retum over th8 long term without exceeding the level of risk appropriate for a charity. The Foundation's investment target is a total return of Consumer Price Index (CPI) plus 4°h net of investment manager's fees with quarterly distributions. The agreed time horizon is 10 years plus and the level of risk is medium. During 2023-24, the Foundatlon has built funds to cover the operational costs of running the Foundation, to fund the grant-making programme from donor contributions and to build its Endowment Funds. The Trustees have considered a number of options for ensuring optlmum returns on these funds and have an approved Investment policy whlch is reviewed annually. Funds held are as follows: Flow-through Funds and support costs are retained in bank accounts. Monies not Immediately required are held on deposlt where possible. The value of the restricted funds at 31 March 2024 w88 £1,145m (2023.. £878k). All Endowment Funds are invested with CCLA COIF Charities Investment Fund including those established with Community First Match Challenge funding. At 31 March 2024, £17.608m was invested wlth CCLA. The Foundation rec&ives quarterly dlstributions of the inGome which fund the grant programme. In additlon, at the end of each financial year to 31 March, the Foundation, in consultation with Donors, decides what proportion of the cumulative gain above inflatlon in the CCLA Community First Funds, if any, may be distributed bearlng in mind the long-tsrm Investment objective. Th8 total endowment funds at the 31 March 2024 totalled £17.458m12023: £16.6ml. Excluding CCLA Communlty Flrsl Funds, the Board agreed to make available for distribution In 2023-24, 5V of the market value of the Fund (less the agreed contributlon to the Community Foundation). The total investment retum (Income plus capital gain) for the year ended 31st March 2024 as a percentage of the capital at 31st March 2024 was 10.90/0. Assessment of Principal Rlsks With respect to the next reporting period, 2024-25, the most significant aroas of uncertainty that affect the carrying value of assets held by the Foundation are the level of investment return and the impact of markets on Endowments. The Finance and Development Committee review and monitor investment Pgrformance on a quarterly basis and are provided regular reports from both CCLA. Reserves Policy It is the Reserves Policy of the Foundation that unrestricted funds, which have not been designated for a specific use should be maintain8d at a level of at least four months of the subsequent y8ar's budgeted operating expenditure. Funds held in surplus to this are used for meeting additional need as it arises and for investing in the capacity of th8 organisation to meet its operating commitments. At 31 March 2024, reserves totalled £300k which is above the slralegic reserves policy level of £163k. Plans for Future Perlods Company Number 05442921 Charity Number 1111600
Communlty Foundatlon for Surrey Trustees, Annual Report for the Year Ended 31 March 2024 Encouraging Givlng Differently In 2024-25 we will continue to substantially increase our profile, to achieve significant growth in the scale of philanthropy in Surrey. Scaling-up Strateglc Partnerships- We have demonstrated the huge impact of encouraging donors to collaborate to address key strategic issues. We plan to continue to grow and expand work through the Mental Health Scale-up fund including work to link groups supporting young people's mental heahh with cutting edge research into what 8UPPOrt is the most effective and impactful, In addition, we will continue to encourage more of our donors to coma together to give in a pooled way to address the key strategic needs in the county. We have been working closely with the Surrey Cultural Partnership and have s8cured funding to develop a new fund to support the arts, culture and heritage organisations in our county to improve their capacity to 8ngage with those most in need. Surrey has: 40+ museums, 6000 listed buildings, 200 conservation areas, 25 places on Historic England's 'at risk, register, 60+ wildlife Sites of Special Scienlific Interest, as well as historic sifes, inspiring historic people, and a rich diversity of cultures and traditions. Consultatlon carried out by the Cultural Partnership showed how important heritage is to people in Surrey and the volunt8er time spent looking after and sharing heritage. How8ver, it 81so showed that some groups of people do not feel includod and do not know how to access support to look after the h&ritsge that is important to th8m. The new Fund which we plan to launch in 2025-26 is aimed at addressing this. In 2023-24 w8 launched the Surrey Famlly Foundations network- 8 neOrk for those In th8 county who are runnlng family foundatlons or for whom philanthropy is a multi%enerational family endeavour. Family Foundations or Funds are commonly defined as 'funded prlnclpally by the personal gift of an individual donor, family or family business- whether or not anyone from the family is still involved in the foundation's governance,. Although varying in size, age and focus, many family foundations share similar attributes. For example, they may have a strong sense of personal connection to the original wishes of the donor, or a strong sense of commitment to the fund by the family trustees. They a180 share common challenges such as div8rsity in governance, or how best to involve young8r family members in planning for tha future. Sometirnes running a family foundation can feel quite unique- and therefore perhaps quite lonely, In 58ttSng up thls Surray Famlly Foundation network we 8re con8ClOUS that sometim88 coming together. face-to-face in an Infomial way. can mak8 It easier to form new friendshlps and share experiences. To date we have held four highly successful events, and have further sessions planned for 2024-25. The network aims to help members to develop a greater Ljnderstanding of the range of family foundations and trusts on our doorstep- whilst also forming a network of friendly f8ces that might be called on for advice occasionally as they ar& facing similar sorts of challenges and opportunities. In addition, it encourages collaborative work and funding. Delivering Grant-maklng Differently Process In 2024-25 we will b8 rolling out the implementation of a new CRM system to support improved services for donors and beneficiaries. Partners - Viewing grantees as community partners will facilitate effective grant-making. During 2024.5 we will continu8 to grow and develop our Area Funds network in particular to support them to rapidSy award small grants at a hyper local level. 1. Priorities - Our grant-making priorities will be in 3 area5 - Young Poople, Health & Wellbelng, and Equity (in terms of access to services and opportunities for all). Company Number 05442921 Charity Number 1111600
Community Foundation for Surrey Trustees. Annual Report for the Year Ended 31 March 2024 Power- Engaging a broader range of people, including thos8 With lived experi&nc8, is important and we need to ensure that we are indeed working 'Together wlth All Communiti8s', and that we remain focused upon achieving our goals in respect to Diversity, Equity and Inclusion. We will focus on growing our volunteer Ambassador network as our eyes and ears on the ground in communities, and our volunteer Funder Plus network to suppcrt smaller grassroots organisations with their governance and financial planning in order to increase the accessibility and impact of our funding. We are committed to the IVAR principals of Open and Trusting grant making and continue to adopt rnore open and trusting practices that make life easier for those we fund. Growlng Dlffer8ntly Financlal Sustainabillty To ensure the Foundation's long-term financial security, as well as to ensure support can be provided to local communities in the long-t8rm, we will continua to actively review our contributions policy and the products that we offer to ensure that we can continue to grow our endowments and improve our financial sustainability. IT and Systems - We will be implementing a new CRM system and a new financial management system in 2024-25. which will enable us to provide more effectiv8 and efficient services to donors and grant recipients whilst keeping overheads to a minlmum. Worklng Together - Across CFSurr8y, including our strong base of volunt88rs. as well as long- standing Donors, we have a strong neOrk of supporters to help us in achieving our goals. We will continue lo improve CrossrganisatIOnal working to make best possible usa of all available support. In 2024-25 we wlll be arranging several events for our donors, volunteers, and trustees to come together to celebrats and share best practice. Futureproofing-A8 we embark upon a period of further slgnlflcant growth, we must ensure that we fully understand the ne8ds of our communities as we face an unprecedented economic crisis. We must also understand the n88ds of the next g8neration of donors, as w811 as thinking about our buslness model through a digital lens. Structure, Qovernance and Managemanl Governlng Document The Foundation is registered as a charity wlth the Charity Commission and is a company limited by guarantee governed by its Memorandum and Articles of Association dated 26 April 2005 and updatad Sn 2020. As at 31 March 2024. there were nine Trustees, each of whom agrees to contribute a maximum of £10 in the event of the Foundation wlnding up. In FY 2023-24 three new Tru8te&s was recruited, but one stood down after 8 months, and there are plans to recruit three or four in FY 24-25 to plan for retirements. Appolntment of Trustees The Directors of the Foundatlon are its Trustees for the purpose of charity law and throughout this report are collactively referred to as the Trust88S. As set out in the Articles of Association. the Foundation must at any time have at least three Trustees but is not subject to any maximum number. The Trustees are appointed on the basis of a range of skills and expertise to support the development ofthe Foundation. The Chair and Vice-chair are elected by nomination and vote of the Trustees. Trustses hold office until the third Annual General Meeting following Iheir appointment when they then retire. A retiring Trustee is eligible for re-election ft)r a second term, and a third term only with approval of the remaining Trustees. Company Numbér 05442921 Charily Number 1111600 12
Community Foundation for Surrey Trustees, Annual Reporl foi. the Year Ended 31 March 2024 All Trustees are circulated with invitations to nominate Trustees prior to the annual general meeting, advising them of the retiring Trustees and requesting nominations. TrLtstees can also be appointed by resolution at a meeting ol existing Trustees and can hold office only until the next annual general meeting when nominations for reappOintent are made. Trustee Induction and Training New Trustees are provided with an induction pack and attend an induction session with Trustees and key employees of the Foundation. The pack and training session include the aims, objectives and key activities of the Foundation and their legal obligations under charity and company law, including Ihe Charity Commission booklet CC3, 'The Essential Trustee,. Other documents included are the governing doGument, the latest Trustees, annual report and accounts, the business plan, current budget, the structure of sub- committees, the fund development plan, the marketing and communicalions strategy and grants policy. Trustees undertake on-going training and development including visiting other Community Foundatlons, organising relevant internal training sessions or altending appropriate external training sessions. Organisatbon Structure The Board of Trustees administers the Foundation and meets quarterly. The Board has four sulFcommittees which meet quarterly between Board meetings, unless otherwise specrfied below. Each sub-committee includes at least two Trustees plus non-truslees appointed by majority vote of Trustees. The sUCOMmitteeS are: Fin8nce and Development Committee Grant8 Committee Governance & Personnel Committee (meets at le8St twice per year) Worklng Groups have also been established periodlcally, meeting as requlred during the period. Currently W6 have working groups on Professional Advisors and Dormant Trust8, Corporates and Donor Engagement. The Foundation has full membership of UK Community Foundations and the 8ssociation of Charitable Foundations. The Foundation complies with the Charities Act 2016 and GDPR regulations. The Foundation does not use professional fundraisers or commercial partlcipators to raise income for the Found8tlon. No complaints were received by the Foundation with regard to its fundraising aGtivity. Risk Maiiagement The individual sub-commitlees consider the risks and the management of the risks associated with their responsibilities. The Senior Management Team led by the Chief Executive takes an overview of risk management and reports to the Board. Trustees have considered Ihe major strategic, business and operational risks to which the Foundation is exposed and have completed a risk assessment which is reviewed on an on-going basis. Systems and review processes hav8 been established to mitig8te these sks. Trustees, I'esi)onsibiliiies in I'elaiion L'o the linancial sl'atements Company law requires the Truslees, as directors, to prepar8 financial statements that give a true and fair view of the slate of affairs ofthe Foundation at the end ol the financial year and of its surplus or deficit for the financial year. In doing so the Trustees are required to.. Select suitable accounting policies and then apply them consistently- Make sound judgements and estimates that are reasonable and prudent, Company Number 05442921 Charity Number 1111600 13
Community Foundation lor Surrey Trustees, Annual ReporL' for the Year Ended 31 March 2024 Prepare the financial statements on the going concern basis unless it is inappropriale to presume that the Foundation will continue in operation., and Slate whether applicable accounting standards have been followed Subject to any materi81 departures di5¢1osed and explained in the fin8nci815tatements. The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the fi'nancial positton of the Foundation and which enable them to ensure that the financial statements compty wrth the Companies Act 2006. They are also responsible for safeguarding the assets of the Foundation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Each Trustee who was a Trustee of the charitable company at Ihe date this report was approved has taken all steps that helshe ought to have taken as a Trustee in order to make themselves aware of any relevant audit information (as defined by the Companies Act 2006) and ensure that the auditors are awar8 of all relevant information (as defined). As far as each Trustee is aware, there is no relevant audit information of which the Foundation's auditors are unaware. This confirmation is given and should be interpreted in accordance with the provisions of section 418 of the Companies Act 2006. This report has been prepared in accrdance with the special provisions relating to sm811 companies within Part 15 of the Companies Act 2006. By order of the Trustees.. Date..3'tr.lak.I Sir Denis O'connor CBE Chair Paul Downes FCA ATII Trustee and Chair of Finance and Investment Committee Company Number 05442921 Charity Number 1111600 14
Communlty Foundatlon for Surrey Trustees, Annual Report for the Year Endad 31 March 2024 Reference and Admlnlstratlve Details PATRON: Michael More-Molyn8ux. Her Majesty's Lord-Lieutenarit of Surrey VICE PRESIDENTS: Shahid Azeem DL Matthew Bowcock CBE David Frank Peter Hampson CBE OstJ QPM Sir Stephen Lamport GCVO DL Dr Julie Llewelyn DL The Hon. Mrs Lavinia Sgaly DL Gordon Lee-steere DL Andrew Wates OBE DL Richard Whittington DL FCA Graham Williams Jim Glover OBE Nigel Gillott Bridg8t Bidd811 MRICS DL TRUSTEES: Sir Denis O'connor C8E- Chalr Dr Julie Llewelyn- Vlce-chalr (stood down 2g Sept 23) Neelam Devesher- Vice Chair (appointed 2g Sept 23) Vibhaker Baxi {stood down 8 June 23) Peter Cluff FCA ATII William Dawson (stood down 29 Sept 23) Paul Downes FCA ATII Emma Walker (stood down 17 March 2023) Holly Murnieks Elain@ Tisdall OBE Carolyn Rich Frances Rutter (appointed 17 March 23, stood down 15 Nov 23) Nicholas Brooks (appointed 17 March 23) Diana Wittington (17 March 23) SECREfARY: Dr Rebecca Bowden - Chief Executive HON TREASURER: Paul Downes FCA ATII REGISTERED OFFICE: Suite 3, First Floor, Cleary Court, 169 Church Street East, Woking, Surrey, GU216HJ REGISTERED CHARITY NO: 1111600 REGISTERED COMPANY NO: 05442921 AUDITORS: Alliotts LLP, Chartered Accountants & Statutory Audltors Friary Court, 13-21 High Street, Guildford, Surrey, GU13DL PRINCIPAL BANKERS: Hande15banken PIC College Road, Guildford, Surrey, GU14RG Andrews House, Company Number 05442921 Charity Number 1111600 15
Communlty Foundation for Surrey Indèpendent audltor8' report to the membèrs of Community Foundation for Surrey inion e have audited the financial statements of Community Foundation for Surrey (the 'charity') for the yea nded 31 March 2024 which comprise the Stat8m8nt of Financial activities. the Balance Sheet, th Statement of Cash Flows and the notes lo the financial statements, including a summary of significan ccounting policies. The financlal reportlng framgwork that has been applied In thelr preparation i pplicable law and Uniled Kingdom Accounting Standards, including Financial Reporting Standard 10 he Financial Reportlng Standard applicable in the UK and Republlc of Ireland (Unlt6d Kingdom Generall ccepted Accounting Practice). Inouro inion the financial stat6ments'. ive a truè and fair view of the state of the charitable company's affairs as at 31 March 2024 and o 9tion of r hav& been properly prepared in accordanc8 wllh United Kingdom Generally Accepted Accounlin have been re ared in accordance with the re uirem8nts of Ihe Com 8nies Act 2006. Ba818 for o Inlon e conducted our audit in accordance with Int8rnational Standards on Auditing IUKI IISAS (UK)) and appllcabl8 law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the fi'nancial statements section of our report. We are independent of the harlty In accordance wlth th8 ethical requirements that are r818vant to our 8udit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in ccordance with thes8 requirements. We believe that the audit evidence we have obtained is suffi'cien and approprSate to provide a basi8 for our opinion. Concluslons relatln lo oln concorn In auditing the fi'nanclal stat&m8nts, w& have concluded that the Trustees, use of the going concern basis f accounting in the preparation of the financlal stat8ments is appropriate. Based on the work we have pertormed, we have not idantified 8ny m8lerial uncertainties relaling to event r condition8 that, Indlvldually or collectively, may Gast slgnlflcant doubt on the charltable company's abilit to continué es 8 going concern for a period of at168st twelv8 month8 from when the financial statement re authorlsed for Issue. Our responsibilities and the r8sponsibiliti8s of the Trustees with respect to going concern are described i the relevant sections of this report. ther information The other information ccmpriyeg the informatlon included in the annual report Other than the financial 8tstemenls and our auditor's report Ihereon. The Trustees are responsible for thè othèr information ontained within the annual report. Our opinion on the financial statements does not cover the othe Information and w8 do not èxpress any form of assurance conclusion thereon. Our rasponsibility is to read the other information and, In dolng so, consider whather the other information is malgrlally Inconslst&n ith the financial statements, or our knowledge obtain8d in th8 course of the audit, or otherwise appears to bè m8t8rlally mlsstated. If we identify such material inconsistencies or apparent ma19rial misstatements, e are required to determine wh81h8r this gives rise to a material misstalemenl in the flnancial statem8nts themselves. If, based on the work we have perfomied, we ccnclude that there 18 a Material mi88tatemen f this other informatlon, we ar8 r8quir8d to report Ihat fact. e have nothlng to report In this regard. Oplnlons on other matters prescrlbed by the Companle$ Acl 2006 In our opinion. based on the work undertak8n In th8 course of our audit: th@ Informatlon glv8n In th8 Tmste&s' report, which includes th8 dlr8Ctors' rèport pr8pared for lh8 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 applicab1818gal r8quir8m8nls. Company Number 05442921 Charity Number 1111600 16
Communlty Foundation for Surrey Independent audltors, report to the members of Community Foundatlon for Surrey 14tatters on whlch wg are requlred lo report by exception We have nothing to report in respect of the following m81t8rs in relation to which the Companies Act 2006 requires us to r8POrt to vou 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 th8 financi81 st8t8ments 8re not in agreement with the accounting rocords and returns. or certain disclosures of truste8s' remuneralion specifi6d by law are not made. or we have not r8C8Iv8d all the informatlon and explanations w8 require for our audlt. Re8ponslbilitié$ of trustee8 s 8xplained more fully in the Stat8menl of Trustees, Responsibilities, the Trustees, who are also th irectors of the ch8rity for the purpos8 of company18w. are r8sponsible for the preparation of the financlal tst8ments and for being satisfied that they give a true and fair view, and for such internal control as th Twstees determine 18 necessary to 8nabl8 the preparatlon of financlal statements that are free fro material misstatemenl, whether due to fraud or 8rror. In preparing the financial sta16mènts, the Trustee are r8sponsible for assessing th8 charitable company's ability to contlnue as a going concern, dlsclosing, a8 applicable, matter5 relaled to going conc8m and using ihe going concern basis of accounting unless h8 Twstees either intend to Ilquldate the charitabl8 company or lo cease operatlons, or hav8 no raalisti Iternatlv8 but to do so. udltor's res on8lbllltle8 for the audlt of thé financial statement$ ur objective8 are to obt8in reasonable assurance 8boul whether the financi81 statements as 8 whole ar from material misststement, whetherdue to fraud orerror. and to issuean auditor's report that include ur opinion. Reasonab16 assurance is a hlgh level of assurance bul is not a guar8nt88 that en audi onducted in accordan with ISAS (UK) will always detect a materSal misstatement when it exists. Migstat8m&nts can 8ri88 from fraud or error and are considered materlal if, Indlvldually or in the aggregate, they could reasonably be 6XP8Ct8d to influence th6 economic decisions of users taken on the basls o hese financial statements. Irr8gularities, includlng fraud, ar8 instances of non-compliance wlth laws and regulations. We desig proceduras in line with our responslbllltl8S, Outlined abov8, to d8tect materlal mlsstatéments in respect o irregularltl6s, including fraud. The extent to which our procedures are capable of d8t8Cting irregularities including fraud, is d&tai18d below. Extent to whlch th• audlt was conslderod capable of detectlng Irregularltles, Includlng fraud Our approach to idantifying and assesslng the risks of material misslalemenl in respect of irrégularities, including fraud and non-compllanc8 With laws and regulations, was as follows.. the engagement partn8r ensured that the engagement tearn collectively had the appropriat comp&tence, capabilities and skills to identify or r8cognise non-complianc8 With applicable laws 8nd regulations., we identifled the laws and regulations applicable to the company through dlscusslons with Trustees and other management, and from our knowledge and experlence of the sector., we focus8d on sp8cific laws and ragulatlons which we consldered may have a direct mater181 eff on the financial statements or the operations of the charitsble company, including the Companies Act 2006, thé Charities Act 2011, the Charities SORP, tsx81ion legislation, data pro18Ction, anti bribery, employm8nt. environmental and health and safety legislation. w8 assessed the extent of compliance with the laws and regulations identifled above Ihrough maklng enqulrles of management and inspecting legal correspond8n¢e,' and identified18ws and regulatlons w8r8 commLJnicated wlthln the audit team regularly and th8 team remained alert to instances of non-compliance throughout the audil. Company Nurnber 05442921 Charity Number 1111600 17
Community Foundatlon for Surrey Independent audltors, report to tho mèmbers of Communlty Foundatlon for Surrèy e assessed the susceptlblllty of the charitsble company's flnancial st8t8m8nts to material misstatemant including obtsining an understanding of how fraud might occur. by- making enquiries of management as lo where they considered there was susceptibility to fraud their knowledge of actual, suspected and alleged fraud,, and considering the internal controls In place to mitigate risks of fraud and non-compllance with18W and regulations. Audit re8ponse to risks Identlfled To address the rlsk of fraud through management bias and ov8rrid8 of controls, w8.. pgrformed analytical procedur8S to identify any unusual or unexpected relationshlps., revl8wed all transaction8 listed., a88e8sed whether Judg8m8nls and assumptions made in d8tarmining the accounting éstimates were indlcaliv6 of polential bias., and investigated the rationale behind significant or unusual transactions. In response to the risk of irregularities and non-compliance with laws and r8gulations, w8 d8signed proceduras which included, bul were not Ilmlted to: agreelng flnanclal statement disclosures to underlylng supportlng documentation. and anquiring of management as to actual and potential litigation and claims. Th8r8 arè inhérent limitations in our audit proc8dur8s described above. The more removed that laws an regulallons are from financial transactions, the less lik8ly it is that we would become aware of non 0mplian. Auditing standards also limit tha audit procedures requlr8d to Id8ntlfy non-compliance wi laws and r8gulations to enquiry of the Truste&s and other manegement and the inspection of regulato nd legal correspondence. if any. Material mlsstatements that arise due to fraud can b& harder to detect than those that arise from error Ihey may involve d81ib8rate concealment or collusion. further description of our responslbllllles Is avallable on the Flnancial R6POrtlng Councll's w6bsltÉ St Uso of our re h58 report is m8d8 solely to the charlty's Trustaas, as a body, in accordance with Chapter 3 of Part 16 0 the Companies Act 2006. Our audit work has been undertaken so that we mlghl stst8 to the charitabl company's Truste8S those matters we ar8 r&quirad to stata to them in an auditors, report and for no othe purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone othe th8n the charitable company and the charitable ¢ompany'8 Trustees as a body, for our audlt work. for thl report, or for the opinions we have form6d. Stsphon Merodlth BA FCA DChA (Senlor Statutory Audltor) for and on behalf of Alllott8 LLP Chartered Accountants tatuto Auditor Fria Court 13-21 Hi h Street Guildford Surre U13DL Company Number 05442921 Charity Number 1111600 18
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Community Foundatlon for Surrey Summary Income and Expenditure Account for the year ended 31 March 2024 2024 £'ooo 2.273 2,553 2023 £'ooo 2,389 2,825 Total income from conllnulng operations Total axpendlture on conllnulng op&ratlons N•t (•xwndlture) for thè yèar before transfers and Invostment galn81(108898) Inve$tm&nt gaIn81(108s) Transfers from expendablo endown*nl Net Income (axpendlturo) for tho year {2801 1456) 15 (11) 581 258 315 209 Statemant of Cash Flows for the year end8d 31 March 2024 Total Funds 2024 £'ooo Total Funds 2023 £'ooo Note 16 Net Ca8h u8od In oporatlng 8Ctlvltlo8 373) 5Q2) Cash IIow8 from Investlng actlvltles.. Proceeds from sa18 of in$tents Purch&8e of Inve6tm8nts Decr8a581llncre8se) In cash held by inStMent rrranager8 Purcha88 of equlpment Not Cash provldad by Investlng actlvllle8 685 (318) 320 12,942> 12,628) Cash ffows from flnanclng actlvlllos.. Réceipts of n8w Endowm8nt Net cash provldod by flnanclng actlvltlos 148 148 2,930 2,930 Decreas61(In¢rea88) in Endown8nt debtors Incr8a8ellDecreasel In En(knnt credibjrs 13 20 146) Change In c88h and cash equlvalents in th8 year 174 (243) Cash and cash equivalent brought foNBrd Cash and oash equlvalents carrled fonvard 1,025 1,199 1,025 Company Numbar 05442921 Charity Number 1111600 21
Community Foundation for Surroy Not8S to the Financlal Statements for Ihe Year Ended 31 March 2024 Accounting Policies The Community Foundation for Surrey is a charitable company limited by guarantee incorporated In England and Wa18s. The r8glstered offic6 Is Suite 3, First Floor. Cleary Court, 169 Church Street East, Woking, Surrey, GU216HJ. 8asl8 of Praparatlon and ass055ment of golng concern The financial statem6nts of the Foundation, which is a public benefit entity under FRS102, have been preparéd under the historical cost convention in accordance with the Financial Reporting Standard applicable in th8 UK and Republic of Ireland (FRS102), th8 Accounting and Reportlng by Charltlas: S18tement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in th& UK and Republlc of Ireland IFRS1021 (Charltles SORP (FRS1021) and the Companies Act 2006. The Flnancial Stslements are prepared in Sterling, which Is the functional currency of the company. Monetary amounts In these Financial Stalements arè rounded to the nearest £'OOO. The Trustées considar that there are no material uncertainties about the Foundation's ability to continu8 as a going conc8rn. bl Company Statu8 Th8 Foundatlon Is a company limited by guarantee. Th8 members ofth8 company ar8 the current Trustee8 named on page 15. In the evenl ofth& Foundation b8lng wound up, the liability in respect ofth6 guar8nte8 is limited to £10 per member of the Foundation. Golng Concorn Policy At thé time of approvlng the financial statements, the Trustees have 8 reasonable expectation that the charlty has adequate resources to continue in operatlonal exlstence for the foreseeable futurè. Thus the Trustees continue to adopt th8 going concern basis of accounting in preparing the financial statements. d) Fund Accountlng Unre8trlcted Fund8 ar8 funds which ar8 avallable for use at the discretion of the Truslees in furtherance of the gen8ral objectives of the Foundation and whlch have not been designated for other purposas. Re8trl¢ted Fund8 ar8 funds which are lo be used In accordance with specific restrictions Imposed by donors. Thesa m8lnly comprfse Flow-through Funds that are used for grant-maklng wlthin a short time after the recelpt of the donation, gen6rally not mor8 than year5. Endowmont Funds represent those expendable funds that are hald for the long terrn for purpoges in accordance wlth the objects of the Foundation and In line with th8 relevant Fund Agreement. Income 8rising from the Funds Is used to support granl-m8king and, in addition, capltsl from the Funds may be distributed frorn tlme to time, provlded this Ss permitted by the Fund Agr8ement. The administration of Flow-through and Endowment Funds is charged against the speclfic Fund. Incoming Resourcag All incoming rasources ar6 included in th8 Statement of Financial Activities whèn the Foundation is legally entitled to the income and the amount can be quantifièd with reasonable accuracy, For legacies, entitl8m8nt is either when the Foundation Is notified of an Impending dlstribution by an approprlale person or when the legacy is received. Gifts in Klnd donated for distributlon are included at V81uatlon and recognlsed as income wh8n they are distributed to tha projects. Donated facilities are included at the valu610 the Foundation where this can be quanllfied and a third party is bearing the cost. Company Numb8r 05442921 Charlty Number 1111600 22
Community Foundation for Surrey Notes to th6 Financial Statemènts for the Year Ended 31 March 2024 Government grants are recognised at the fair value of the asset received or receivable when the is a reasonable 2SSLJran(* that the grant condilion5 will be met and the grants will be receiv8d. Government grants relating to tumover are recognlsed as Income over the perlods when the related costs are incurred. If part of a grant is deferred il is racognised as deferred income r8th6r than being deducted from the asset's carrying amount, Resource8 Expended Liabllllles ar8 r&cognised as expenditure as soon as th6re Is a16gal or constructlva obllgallon commlltSng the Foundation to that expenditure or it is probable that settlement will be required and the amount of the obligation can be measured rellably. All expenditure is accounted for on an accruals basis and has b@en classifl8d under h88dlngs that aggregate all costs relatad to the category. Where costs cannot be directly attributed to particular headings they have been allocated to actSvltl8s on a basls conslst8nl wlth th8 US8 of resources. For more infonnation on thls atlrlbution refer to note (kl below. Fund-raising costs are those incurred in 8eeklng voluntary contrlbutlons and do not Include the costs of disseminatlng infomation in support of the charitable activities. Grant Maklng & Donor Developm&nt costs are those costs incurred directly in support of expendlture on the objects of the Foundation. Governance costs are those Incurred In complySng wlth statutory and18gal requirem6nts. Grants payable are payments made to third parties in th8 furth8rance of the charitabl8 objectives of th8 Foundatlon. Single or multi-yeer grants are accounted for when either the recipient has a reasonable expectation that they will receive a grant and the Trustees have agreed lo pay the grant or the recipient has 8 r88sen8bl8 expectation that they will receiv8 a grant and any condition attaching to the grant is outside of tha control of thg Foundation. Provisions forgrants are made when the intention to make a grant has been communicated to Ihe recipient and a constructlva obllgatlon has arls6n as a SUIt. Donated goods and Servlces Thè valu8blé sarvicés provid8d by volunteers are not incorporated into these financial statements, but the Trustees recognise the considerable contribution they mak8 and thank th8m for th8ir support. Where servlces ar& provid6d lo thé Foundation as a donation that would normally be purchased from suppliers, this contribution is included in the flnanclal statements at an estlmale based on th8 value of the contribution to th6 Foundation. Donated services and facilities are detailed on page 11, g) Pension Contrlbutlon3 The Foundation contributes to an automatlc enrolment workplace pension schema with NEST or to indivldual personal pension schemes for the benefi't of its employees. The cost of contrlbutlons Is charged in the ststement of financial activities as they accrue. Lga808 The Foundation has no operating leases. Tanglble Fixed Assets ndividual fixed assets costlng £350 or more and havlng an 8xpect6d useful aconomlc Ilfe over one year ar8 capitalls@d at cost. Tanglble fixed assets are depreciated on a straight-line basis over their expected useful g¢onomic lives as follows.. Company Number 05442921 Charlly Number 1111600 23
Community Foundation for Surrey Notes to the Financial Statements for the Year Ended 31 March 2024 Office Fumiture- Over 3 years on a straight-line basis. Computer Equipment- Over 3 years on a straight-line basls. Ji Allocatlon of support and governance cosls Support costs represent indirect charitable expenditure. In order to carry out Ihe primary purposes of the charity it is neces8ary to provide support in the form of a finance function, premises, communlcation and information systems support, and similar. Governanc8 Costs comprise th6 costs involvlng the public accountability of the charity {includlng audit costs) and costs in respact to Its compllance with regulation and good practice. Support and govérnance costs ar6 allocat8d to charitable actlvities and fundraising costs based on the proportion of slaff time estimated to b8 spent on the relating activities. k) Flnanclal Instruments The Foundation has elected to apply the provisicns of Section 11 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments188ues' of FRS 102 to all of its financial instruments. Financlal Instruments are recognised in the Foundation's balanc& sheet wh8n the Found8tlon becomes party lo the contractual provi3ions of the instrument. Flnancial as88ts and liabilitiès aré offset, wlth the net amounts presented In the financlal stateménts, whèn there is 8 legally enforc88b18 right to sel off the recognised amounts and therè Is an Intenllon to settle on a net basls or to realise the asset and settle th& Ilabilily simultan80usIy. Baslc financlal assets Basic flnanclal assets, which include debtors and cash and bank balances, are initially m8asured at transactSon pric8 includlng transaction costs and are subs8qU8ntly Garried at amortised cost using the 8ffective inter6st method unless the arrangement constitutes a financing transaction, where the transaction Is measured al the present value of the futur8 r8ceipts discountad al a market rate of Intsrest, Financial assets classifiéd as receiv8ble within one year are not amortised. 8aslc flnancial liablllt108 Basic financial liabiliti8s, including creditors and b8nk loans ar8 initially recognised at transaction price unlèss the arrangement congtitut8S 8 financing transaction, where th8 debt instrument is maasurad at the present value of Ihe future payments disoounled at a market rate of interest. Flnancial liabilitles classified as payable within one year are not amortls8d. Debt instruments ara subsequently carriad at amortisad cost, uslng the eff8Ctlve int8r8St rate m8thod. Trade cr8ditors are obligations to pay for goods or services that have been acquired in the ordinary cours9 of operations from suppliers. Amounts payable ara classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabiliti9s. Trade creditors are recognised initially at trdnsaction prfce and subBequ8ntly meaBuf8d at amortised cost using the effective inler8St method. Crltlcal accountlng estlmate8 and Judgemenls In th& application of the Foundation's accounting policles, the Trusteès are requir8d to make judgements, estlmates and assumptions about the carrying amount of assets and Ilabilities thal are not read51y apparant from other sources. Tha 8stlmates and assoclated assumptlons are based on historlcal exp8ri8nce and other factors that are considered to be relevant. Aclual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which th8 estimate is revis8d where lh8 revision affects only Ihat period, or in the perlod of the revision and future p8riods where the revision affects both current and future perlods. Company Number 05442921 Charity Numb6r 1111600 24
Community Foundation for Surrey Notes to the Flnanclal Statemants for the Year Ended 31 March 2024 Vgluatlon of flxed asset Invostments A key accounting estimat8 is the value at which Trustees r8COgni58 investments. The risk of mi5Statement is mitigated by th8 use Of investment managers who publish a portfolio valuation. Listed investments are valued by reference to their markat value prevailing at Ihe balan she8t dat8. Depreciation of t8nglble flxed assets Depreciation 15 provided against asset5 held by th8 Foundation over the life of the asset with consideration made of the residual value left at th8 end of this life. The life is determined by the leas8 tsrms or the usual usable lifespan of similar it8ms seen in the Found8tion. The rasidual value is based on the value of similar items at the 8nd of their useful lives in combination with the Foundation's knowledge of specific faclors that may affect this valuatlon. Analysls of Donatlons Recolved PrlDrYear Unreslrlcled Reslrlcted Endtylmwnt Funds Fund8 Fundi rooo rooo £'ooo 14 421 28 8ourco Total 2Q24 E'ooo 442 429 494 408 48 1,819 Total 2023 £'ooo 1,579 634 2,188 322 Publc &ctor IndIdU8 Ch8rtsbb Foundation8 G)rpLY* DonNs rhJnatr&l sc6s and facililB8 468 &38 40 48 137 28 1,534 4771 Donated service8 and facilitles included office costs totalling £47k and £1.5k for payroll servlces. Investment income Total 2023 £'ooo 32 570 Total 2023 £'ooo Interesl Receikgble Dimdands receivabte 526 602 528 Company Number 05442921 Charity Number 1111600 25
Communlty Foundation for Surrey Notes to the Financial Statements for the Year Ended 31 March 2024 Resources Expended - Unrestricted Funds The breakdown of 8UPPOrt costs and how these were allocated beeen governance and other support costs is shown in the table below: Grant Thaklng & Donor Development Unrestrlcted costs Ra151n4 Funds Total 2024 £'ooo 76 367 Total 2023 Offlce andAdmln Staff Costs Depreclation (note 101 Governance Costs Sub Totsl Glfts in Klnd Sub Total Investment management fees TOTAL 2024 28 92 48 275 68 395 30 355 41 396 35 480 48 528 33 501 48 549 125 132 132 396 528 549 4.2 Governance Costs Analysls Governance cost5: 2024 £'ooo 2023 £'ooo Professlonal Fees Auditor's remuneratlon Staff costs 25 35 22 33 Allo¢atlon of Govornance costs The total 8UPPOrt cost attributable tc charilabl8 activiti8S IS apportioned by staff limg and a p8rcenlage of resource5 spent. The Trustees have d9cid8d to meet all governance costs from unrestricted funds and so no allocation or charge is made to restricted funds for any govemance related costs, 2024 2023 £'ooo £'ooo Grant making and donor developm8nl Fundr81sing Total Pjlocatgd 30 28 35 33 Company Number 05442921 Charlty Number 1111600 26
Community Foundatlon for Surrèy Notes to the Flnan¢ial Statements for the Year Ended 31 Mah 2024 Resources Expended - Grants 2024 2023 £'ooo £'ooo Total award•d1468 grants) 2.093 2.507 Fund expenses Grant8 returnad durlng the year 40 151 amt)unt for mulli-yaar grants 30 12361 Grants IraDsfrr8d fund9 N•t amcunt awarded 2,025 2.276 Resources Expended- Endowmènt Funds Unrestrlct•d £'ooo Restrlcled £'Tr)o Endowment Total 2024 £'ooo £'ooo 2023 £'ooo Investment management fees for current yepr 42 42 In September 2023 th8 inve8tmants from Sarasln were transferred to CCLA tharafore no manag8m8nt fees w8re incurred in 2023-24. Net Incomlngl(Outgolng) Resources These ara stated after charglng: 2024 £000 2023 £000 Auditors remuneration Depreclation on owned assets Analysi8 of staff costs 2024 £000 342 29 19 2,023 £wo 328 27 19 29 13 Salarles Social Securlty costs Pension Costs Agency staff & Consultants Recruitment Costs 389 417 There was one amployee whose emoluments las defined for taxation purpos83) amounted to between £70k-£80k in th8 year (2D23:1 >. Company Number 05442921 Charity Number 1111600 27
Community Foundation for Surrey Notes to the Financial Statements for the Year Ended 31 March 2024 The key management personn81 of the Foundation comprise the Truslees, the Chief Executive, Finance Manager and the Director of Grant-making. The total employee beneflts ofthe key management personn81 of the Foundation were £187k (2023.. £196k). Staff numbers The number of employees during the year is provided below. Th8 av8rag8 number of full-tima 8quivalent amployees Is given In brackets. 2024 2023 3121 9171 11 191 Fund ralslng Gr8nt-making and donor development li Trustees, Remuneratlon The Trustees neither received nor waived any emoluments durSng the year (2023: nS1). No out-of-pock6t expansés warè paid to any Trust668 during the period12023,' nil). Taxatlon No Ilablllty to UK corporation tax arose as the Foundation is exempt from Gorporation tax on its Gharitable activities. Company Number 05442921 Charity Number 1111600 28
Communlly Foundatlon for Surrey Notes to the Flnancial Statements for the Year Ended 31 March 2024 10a Intangible Assets CorB Buslnè88 System £'ooo Total £'ooo Cost: At 1 Aprll 2023 Acquisitions Disposals A 31 hkrch 2024 12 12 15 15 Dgpraclatlon.. At 14)ri12023 Charge for year DIspo8818 At 31 Varch 2024 N8t book valug.. At 31 Varch 2024 15 1S At 31 March 2023 10b Tanglble Assets Cornputer Equlpmbnt £'ooo Yotal £'ooo Co8t: At 1)rI1 2023 Acqui$lllons Dlsposals At 31 ArCh 2024 19 19 12 12 Dopre¢latlon: At 14)ril 2023 Charge for r DIspo8als At 31 VArch 2024 12 12 Ng1 bts)k valu8: A 31 arCh 2024 At 31 M3rch 2023 Company Number 05442921 Charity Number 1111600 29
Communlty Foundation lor Surrey Notes to the Flnancial Statements for the Yèar Ended 31 March 2024 11 Investments Inv88tThnts E'OOO Ca8h ThVefflet Totsl £'ooo 42 E'OQO 16,891 318 16851 1,68S 12801 At 1 Nprll 2023 AddMon8 al c081 Disp08als al carrying val Unrealitsed galnll105s) RealKs6d g8lnl{lossl Rebate Divsllnl Transf8r8 16,649 318 16851 1,689 12801 25 544 42 17381 16941 31 blarch 2024 17,733 (1251 17,608 Hlstorlc cost of investm8nts', £13,110,06512023', £12,107,311). 2024 2025 Inv•itrnentfund6 are hekl rnwnaiqd bv., Unr•Mrlct•d A•Jtrf¢ted I'ooo EndoMr•nl Tolal £'ooo £'ooc 7,609 SarI51n CCLA Investment Managemem Ltd- COIF Charltlts Investment Fund 164 164 17,444 17,608 17,60 16,6gi 2024 2028 T4)t41 £'wo of Inv••tThnt• Uni••trlEt•d R•4trlcl•d En41¢yt rooo Total £'ooD IJ( Equilie• n UK E4ull lkn*InrnI Bontb Bond8 10 107 15 2,098 9.4eo 561 1,092 11.363 1,593 11.470 1.608 589 Proporty Catshon d8poik Oiher114uld Irten1 Tothl 1,TBI 216 STO 1,612 16,691 218 17 17,600 12 08btors Unr•8trlotsd £'ooD 12 Ro•trlctsd EndDvmnt £'OOD £'ooo 2024 Total 2025 Total £'ooo 12 167 £'ooo Prepayments cru&1 Income 12 163 102 Other debtors 18 163 183 118 Accrued income Included £167k (2023- £77k} inv8Stment income. Company Number 05442921 Charity Number 1111600 30
Communlty Foundatlon for Surrey Noteg to the Flnanclal Statements for the Year Ended 31 March 2024 13 Cash at bank Flow-through Funds and support costs ar8 retained in bank accounts. Monies not immediately required are held on deposit where possible. 14 Creditors: amounts falling due wSthln one year. 2024 2023 Unrestrlctsd R•strlct•d Endowmont rooo £'ooo £'ooo Total £'ooo Tolal £'ooo Trade credRors ants payable Accrua18 11 14 10 10 Payroll tax88 Penslon8 21 22 41 14.1 Credltors: amounts falling due over one year 2024 2023 Unrn8trlct•d R•8trl¢t•d Endowm•nt Tolal Gran¢3 payable Deferred Incom8 85 85 85 8S 85 1S Analysls of Net Assets between Funds 2024 Tolal 2023 Totsl £'o Unmilthtod Fund• ReBlrl¢tod Fund• EndNwNnt Fwndi £'ooo £'ooo fQOD £'ooo 15 18ryJIb ksots Tor&ibl8 FlxedA88elB hvOBlrnw)Is Curren16816 15 164 222 17,444 14 17,608 1,3K2 16,691 1,142 1,146 Cr•Jftor8 299 1.145 17.45B 18,901 17,716 16 Reconclliation of net movement in funds to net cash flow from operatlng actlvltle3. Company Number 05442921 Ch8rity Number 1111600 31
Community Foundatlon for Surrey Notes to the Financial Statements for the Year Ended 31 March 2024 2024 £'ooo 2023 £'ooo movemènt in fund8 Adjuslm8nl¥ for. Endowment Donalbns Depreclallon charg6s (GalnsyL05sas on investsnents Decrease Ilncreasel In oper8tlng debtor8 Increas8 {Decreasel In opor8ttng ¢redltor8 Net Ca8h ug•d In op6r•ting xtlvltl•• 1,186 1.595 (1481 (2.930) 11,3181 {781 {19 13731 837 16) 21 15021 17 Transfers Unr•tyiet•d Fund¥ FundB Endowm&ntFunth 2024TotAI £'ooo 'Doo £'No £'ooo cont11blOIO 6wportco¥li 370 lknnts Irom exp8rwjab I lYkn%ad Gn(Y8lrlbuU SS3 20 15561 1251 01 319 102 Contribution to Community Foundatlon 8UPPOrt costs £370k 12023 £382kl was transferred from the Restricted and Endowment funds in favour of the Unrestricted fund as a Gontribution towards support costs for malntainlng the funds in accordance with th8 donor agreament8. Transfers between funds- Other A total of £556k12023'. £125k) was transferred from 8ndowment funds to the restricted funds for the purpose8 of grant-maklng. Transfers between funds- Net Indax Gain A total of £25k (2023: £91k) was withdrawn as net Ind6x6d galn from Communlty Flrst Endowm&nt Funds in accordance with the relevant fund agreemen15 which represents an amount that can be used for grant-making purposes. 18 Related Party Transactlons Th&re were no r61at8d party transactions in the reporting perlod whlch requlre dlsclosure, 19.1 Descrlptlon of Funds As page 8 shows, 57 Bespoke Funcls have been 8Stablished through individual and family giving, legacy gifts and in m8moriam donations: corporate giving and partn6rships with charitsble trusts. A further 32 Funds represent Collective Giving by a wider group of local donors, united around a shared interest. Community First and Grassroots Endowment Funds f8r to funds which b8nèfitt8d from Endowment Match Challenge funding from programmes under the same names. run by the Government's Offic6 of Clvll Soclety (formerly Office of th6 Third Sector). Further infonnation about our funds can be found on our webslts hlt 8.'Ilwww.ctsurre .or . uklour-funds Company Number 05442921 Charlty Number 1111600 32
Community Foundatlon for Surrey Noles to the Flnancial Statements for the Year Ended 31 March 2024 19.2 Restricted (Flow-through and Grants Revenue) Funds Large Flow-through funds include those whose transactions ar6 defined as material during Ihe fin8ncial y88r. These are detailed below. Asat ill 2023 InveBlnxnt Income Re50urce5 Expe IGrantsl Transl8r. Contribution t¢ CFS Inole Tilfer8. Other INA• 17 Dorthll) Isat31 rch 2024 E'OOO £'ooo £,0 rooo rLWO bela &JU1 F8ffily TrLI Fund 1241 Ch31itl8 Trust Fund 79 50 Cyiw Fund &eem Shwts FuThl 23 98 rth'ck FOUatiOn Fu triby TDA Fund Sents SDknie Fund Smy Ywng Peopb's Fund Tr£ Fidelty UK Fourdon Suirey DelOpnI Fund Pthi Fkrriso) FouNtson Cmnty Fund mwtech Strateglc Fu Wintsi thity Wcking Council Fur Totsl Flow Through lundj 91 81 31 36 1341 76 75 55 50 19 45 31 175 154 989 11451 18821 371 25 385 ant RoveNo & FhroUgh Fu 430 545 411 Total Fun 1,534 416 110251 13701 56Z 939 ACCI Invoshnl Inccff 77 130 2D7 TOTAL RESTRICTED FUNDS 878 1,534 566 11025 137DI 562 1,145 'Grants Revenue Funds recglve the dlslrlbullons from a Ilnked Endowment Fund, 81ong ¥th 9ny other donallons m8de durlng th8 year for grants. Company Number 05442921 Charity Number 1111600 33
Community Foundatlon for Surrey Notes to the Flnancial Statements for the Y6ar Endèd 31 March 2024 19.3 Endowment Funds as at 31 March 2024 A summary of endowment funds by type are presented in the tables below. GaInlI088•s) on InvestThnt8 le•s Inv min. Fe08 £'OOD Transfer- Conlrlbutlon to FOndItIOn notè 17 £'Lh)O Pt 1 Aprll 2023 Donatlons 31 March 2024 rooo £'ooo r(0 E[owm0nt Funds IlnclLklln9 CrtS8roots Funds 10,742 149 15571 11,1 Ccffimun5ty First Fund8 12SI e,356 Total Endovmnt Fund• 16,5B8 148 1,303 15811 17A88 as at 0110412023 donatEorn transfer betwe•n lund5 £'ooo as at 3y0312024 £'ouo 4A4 £'ooo £No Ary¢•lk••nd JY1¥1h F•mh¥ Trwt ryn81dol BntyowrngntFuTh 56 938 2.14 Iny&in Fund )45 360 C•lJdNWa EnJtrwm•ni Fyno 20 Cthobhim Il¥ Lwwicn Fund D4n¢¢iCcMrtIty FIT•IFbDJ 226 1.716 qrfath PIBt Fund 477 J24 EMICovn 34 phInPy2thrqn1 529 é28 I•r•ComMun Fth4m•ni Funo 1,24• Eithmvnt Pund 219 23• mIni Fun Pund 793 54 827 Mnlb Endr¥mllffll HMW5¢8l•up FuAd 148$Woii#EndfAkni•niFtsnd 26? 279 OM &JS CommUlltyFkÉtFu1 525 224 Proq Trlcol¥ Firnl Jol 293 23 704 SuaY 401 H$4hllNp111¢1 Endowm•DI 8umy8upport4d emkloyfflvnl T4hdrlduBEndDwmgnl Fund 270 TM fFYJwiTrLWGommunity1t Fund TOIBI n>£2.000 74 847 14J? ToiÈl nd¢¢t fiJndB *OOD.QUO 74 45fi (2631 Tohl Furd• JJOJ 17,4S8 Company Number 05442921 Charity Number 1111600 34
Communlty Foundation for Surrey Notes to the Flnanclal Slalements for the Year Ended 31 March 2024 19.4 Flow-through Funds - prevlous year at 31 March 2023 Large Flow-through funds include those whos8 transactions are defined as material durlng th8 financial year. These are delai18d below. tsa101 ADrfI 2022 Rewee9 EXpld IGrantsl Transfer. Contrlbutl)n to CFS (note 17) Tran5fers- Other Inote 4a131 Pkrch 2023 Dcnth Inconbg £'ooo £'ooo eooo É'ooo £'o Arablla & JLlign Strith Fami Ttusl Fund Bori¢yB Charlthb Tfust Furn &een Shrx)ts Fund HeNy Smrfh Charty. Swrey County Grants Pwrarrffi Levs Creab Jutibg Fund Ntherby TrLL9t Fund Swrey Hthnds NHS Charilies F Swr6y C0rcfj&N PfjspoDse FJ- Phase 59 8L 2QO 245 91 Swray Young Peol8's Fund Tr Fid81ty UK FOUtiC rreY Communty Dth8kikMThnlF Pekr FLgrri50n F(ndabQn Corrmjnity Fund Thrffntech Strat&JSc Fund Wlrtsr rtY Totsl FltyN Throwth lunth 36 76 75 loo 42 SS 33 266 1361, 240 1,129 34 Grant Rov•nuo & FIDwthrOh FundB 783 583 505 IL2771 154 522 Tothl Fundl I,Q49 1,712 514 11,2761 13401 Ac¢lU In1 Incorn li 77 TOTNL RESTrfTED FUNDS 1,115 1,712 S26 12,2761 13401 142 878 'Grants Revenu8 Funds recelve the dlstrfbullons from a Ilnked Endowment Fund, along wlth any other dtsnallons ma¢J8 durlng thè yéar for uranls, Company Number 05442921 Charity Number 1111600 35
Communlty Foundatlon for Surroy Notes to the Financial Statements for thè Year Ended 31 March 2024 19.3 Endowment Funds in previous yoar as at 31 March 2023 A summary of endowment funds by type are presented in the tables below. G Alnllo8•••1 on Inv e•trnents lesg Inv rnin, Fees £woo Trnngfer- Contrfbutlon to Found8tlon Inote 171 At 1 Aprll 21122 Don4tlon8 At 31 2023 £'ooo £'ooo £'4JQQ z'ooo E ftdoiyn ent lincludth g Fund9 8,551 2.930 15301 120è1 10,742 CommunltyFlr41 Funds 8,233 1296 (911 5,846 Totsl E ndovAnenl Fund• 14,764 2,830 16261 i)001 16,688 sat 3110312022 donatlon 8alnlloss transfer between lunds £'ooo as at 3110312023 £'ooo £'ooo £'ooo £'o ArabelharA Jull•n F4mllyTl 5UO ryn Enth)wm•tyt Fund supporf ¢)JUdth Endovmnl 971 883 2S 2J4 Fund 360 345 CNttdlWJ EndowrnBnl Puré 220 206 lobhAm BLTrEa0MInI Fund 2JY 226 D•nr4JrCunfMnltyFIt Fund 1,830 1941 Cwra MBrnCornmunty Flit Fun 477 •¢ Cwrt Fun¢ Y54 Oulk4lord Phiknlhropy Endwmgnl 5U3 57 S29 Hqvhmer• Ctymmth1ty End(rt¥mant Fyfjd 1,249 Ij1 EndllwmqnlFund 245 229 FuTr% 298 290 KBy& Famly Fund Mpmifj Molwn Endowmeni PLTh4 267 2S0 KIBnlal H•th S¢èlgup Fun NIN8¥4LI ELvrent Fund 2$6 267 cmo JS Cunrnunty Flml Fun Trts&l FuTrJ 546 478 224 CoMmnty FlrBI J20 fvJDnymgdo EnthwmEnl Fu (in rwcomnwnhy Fund 754 14AI 7U4 8urrnyEducaUon Fund 430 1281 402 SUrwHBath Ilnv•si•dl ETrSJwmenl 243 228 Swwsupporftd Employfftoni 143 T4 EndmIÈnI Fund 271 256 Thè Thmas Trualconynunily FIBI F# 204 1201 Total Endovrnnt >£200,WD 12PD7 (71M)I Total Endoowrnent fvnd5 <£2(Q,000 1777 3,399 Total EA¥ty*ffl•nt Fund 14,784 26) 16,588 Company Number 05442g21 Charity Number 1111600 36