**REGISTERED COMPANY NUMBER: 05768612 (England and Wales) REGISTERED CHARITY NUMBER: 1122113**
## **DORSET COMMUNITY FOUNDATION REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED**
## **31 MARCH 2024**
Sumer Audit County Gate County Way Trowbridge Wiltshire BA14 7FJ
**DORSET COMMUNITY FOUNDATION**
**CONTENTS OF THE FINANCIAL STATEMENTS For The Year Ended 31 March 2024**
||Page|
|---|---|
|Report of the Trustees|1 to 7|
|Report of the Independent Auditors|8 to 9|
|Statement of Financial Activities|10|
|Balance Sheet|11|
|Statement of Cash flows|12|
|Notes to the Financial Statements|13 to 30|
**DORSET COMMUNITY FOUNDATION**
**REPORT OF THE TRUSTEES For The Year Ended 31 March 2024**
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of the Charities Statement of Recommended Practice (SORP) Accounting and Reporting by Charities (FRS 102) in preparing the annual report and financial statements of the charity.
## **INCORPORATION**
The charitable company was incorporated on 4 April 2006.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** 05768612 (England and Wales)
**Registered Charity number** 1122113
**Registered office** The Spire High Street Poole Dorset BH15 1DF **Trustees** Tom Flood CBE (Chair) Terry Standing (Vice Chair) Jen Richardson (Treasurer) Nick Fernyhough Resigned 29/06/2023 Paul Sizeland Resigned 15/12/2023 William Ansell John Young Louise Coulton Deborah Appleby Nick Lee Martha Searle Sam Everard Resigned 14/09/2024 Lee Hardy Rebecca Stalker **Company Secretary** Terry Standing
## **Senior Statutory Auditor**
James Gare (Senior Statutory Auditor)
**Auditors** Sumer Audit Statutory Auditor Chartered Accountants County Gate County Way Trowbridge Wiltshire BA14 7FJ
**Bankers** CAF Bank Ltd 25 Kings Hill Avenue West Malling Kent ME19 4JQ
Page 1
**DORSET COMMUNITY FOUNDATION**
**REPORT OF THE TRUSTEES – CONTINUED For The Year Ended 31 March 2024**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Patrons:**
Capt M Fulford Dobson RN CVO, OBE, KStJ, JP, DL The Lord Lieutenant, Capt Angus Campbell – Retired 04/09/2024 The Right Reverend Karen Gorham, Bishop of Sherborne
## **Investment Managers:**
CCLA Investment Management Ltd Evelyn Partners (Formerly Smith and Williamson) Quilter Cheviot
## **Chief Executive Officer:**
Grant Robson
## **Date of Deed:**
4th April 2006
## **Vision and Mission**
Our vision - A united and thriving Dorset built on a culture of giving and philanthropy.
Our Mission – Raising funds for those most in need in Dorset.
The Foundation is a Quality Accredited member of UK Community Foundations (UKCF), the umbrella body for the network of Community Foundations.
## **Structure, Governance and Management**
## **Establishment**
Dorset Community Foundation is a charity which was founded on 14 June 2000. It acts as a conduit to local philanthropy, linking private and public funders with small community projects across Dorset. It is an accredited member of UK Community Foundations, a national association which promotes and supports 46 Community Foundations across the country.
## **Board Appointments**
The Memorandum of Articles and Association of the charitable company provide for an unlimited number of trustees who are directors of the company all of whom must be members (at the time of writing those on the Board of Trustees are the company’s only members). At each AGM any trustee who is due to retire after their three-year term, who remains qualified, may be reappointed for a maximum of three consecutive periods of office. The Board of Trustees meet four times per year and to the date of this report are shown on page 1.
## **Trustees’ Induction and Training**
New Trustees undergo an induction process to brief them on their statutory obligations under charity and company law; the Articles of Association; the charity’s activities; organisation and decision making; current business plan and recent financial performance. For ongoing training purposes the Board undertakes ad hoc training as required, holds an annual away day to look at specific elements of the Foundation’s work and engages with seminars and regional meetings organised by UKCF.
## **Remuneration of Key Management personnel**
The pay and remuneration of the charity’s key management personnel, including senior management who have key responsibilities, are set by the Finance and General Purposes Committee which is chaired by the Treasurer. The charity adopts a ‘market-based’ approach to pay and associated employment terms. Pay is subject to benchmarking within relevant markets and is reviewed annually.
## **Board Subcommittees**
The Board has two subcommittees:
**A Finance & General Purposes Committee** which ensures the proper administration of the charity including:
- Financial management, the setting and reviewing of budgets and overseeing investment performance
- Developing efficient management information systems, controls and procedures
- Recruiting and managing staff, agreeing salaries and conditions of employment
- Health and safety matters
- Managing risk
- Planning for Board meetings including regular oversight of the Charity’s three-year business plan
- Governance including trustee development and succession
Page 2
**DORSET COMMUNITY FOUNDATION**
**REPORT OF THE TRUSTEES – CONTINUED For The Year Ended 31 March 2024**
## **A Grants & Impact Committee which:**
- Oversees grants made by grants panels and ensures these are in line with Foundation policy and strategy
- Keeps abreast of the needs in the area of benefit, the funding environment and other issues relevant to the Foundation’s engagement with the community
- Reviews grant making procedures and application processes
- Recommends grant making strategy and targets to the Board
- Carries out appropriate analysis and follow up of grant making to fully assess and report on the impact of the grant making programmes and outcomes delivered
- Identify ways other than grant making for the Foundation to contribute appropriately to meeting the needs of local communities and monitor progress on the initiatives prioritised
**Fund Development is overseen by the full Board of Trustees** which seeks to secure income by methods including:
- Identify and influence potential private, public and individual sources of funding
- Establish targets and ensure actions are taken to maximise statutory, private, legacy and endowment opportunities
- Ensure the Foundation has the right skills and tools to extend its funding base
- Oversee effective relationship management in donor development
- Scrutinise the relevant elements of the Foundations business plan
- Ensure all Board members and staff are actively involved in delivering these functions
Important decisions for the charity impacting on its strategy and financial position are made by the Board at Trustee meetings. Decisions on grants and awards are made by panels set up for the purpose with oversight from the Grants and Impact committee. The Chief Executive has operational control and makes decisions on matters affecting the daily running of the Foundation, with trustee input where necessary.
## **OBJECTIVES AND ACTIVITIES**
In March 2021 the Trustees agreed a Strategic Plan for the period 2021 to 2024. The Strategic Objectives of the Foundation within that plan are:
- **Building** - Grow our funds through donations and partnerships to help local communities:
- Produce a Covid Impact Report, focusing on funders, grant recipients and lasting impacts.
- Review our Professional Advisers to extend network.
- We will review our current funders and consider donor support, communications, potential and extending network.
- Actively seek out dormant funds to transfer to DCF.
- Actively involved in UKCF to gain support for DCF and potential funding for development.
- **Influencing Dorset** - Work in partnership with public, private and voluntary sector to tackle local community needs and priorities:
- Engagement plan to work collaboratively with Dorset Council and BCP, Police and Crime Commissioner, NHS Charities, University, voluntary sector.
- Hold a stakeholder event to launch impact reports, stories, collaboration agreements.
- Commission research to produce a new ‘Hidden Dorset’ report.
- Review Communications Strategy.
- Review existing grants again in light of actions, collaboration and need.
- **Be an effective, focused grant maker -** Give grants and support priority areas of need in Dorset based on our knowledge:
- Review grants process to ensure they are inclusive and present no barriers to all communities. Review online process.
- Provide support to Charities with grant making and process and identify collaborative opportunities.
- Introduce a monitoring process to ensure grants reflect the diverse communities and areas of need.
- Explore a mentoring, support role for charities post Covid to support the third sector.
- Review individual grant making.
- **Governance -** Be a well-run, cost effective charity that helps people in Dorset:
- Review and produce a new skills matrix to identify future skills gaps and in context of Equality, Diversity and Inclusion policy.
- Implement a Trustee Induction and Development policy.
- Implement a Trustee Appraisal policy.
- Consider Ambassador and volunteer support needs and implement.
- Identify a DCF Training programme for staff and Trustees.
- Review DCF organisation structure following “Form follows Function” approach
- Manage the charity to focus on the need to achieve core costs and ensure future financial stability
Page 3
**DORSET COMMUNITY FOUNDATION**
## **REPORT OF THE TRUSTEES – CONTINUED For The Year Ended 31 March 2024**
## **Grant Making**
The Foundation has a key role in grant management and distribution to Dorset voluntary or community groups, and in the case of the Bursary scheme for individuals. The Foundation provides support and outreach to enable organisations to receive funding and understand the terms and conditions of their grant award, and the monitoring and evaluation processes that are required.
All grantee organisations receive an 'End of Grant' monitoring form, which may be followed up by a visit from a member of the staff team or Trustees who will evaluate the progress and effectiveness of the grant. The Foundation will ask for monies to be returned if, for any reason, the group is unable to use the grant for its original, defined purpose - unless alternative conditions or a grant variation has been agreed prior to expenditure.
## **Risk Management**
The principal identified risks to which the charity is exposed are integrated into the business plan to ensure they are regularly reviewed. The Charity also maintains a risk register which is reviewed by the Finance & General Purposes Committee and reported to the Board at each quarterly meeting.
## **Fundraising Regulator**
The Foundation demonstrates its commitment to good fundraising practice and follows the Code of Fundraising Practice and the Fundraising Promise. The Foundation does not use professional fundraising agencies. No complaints have been registered against the Foundation during the year under review. We are registered with the Fundraising Regulator.
## **Objectives and Activities of the Foundation for the Public Benefit**
Our activities are determined by our charitable objects:
- The promotion of any charitable purposes for the benefit of the community in Dorset, including Poole and Bournemouth and its immediate neighbourhood and in particular the advancement of education, the protection of good health both mental and physical and the relief of poverty
- Other exclusively charitable purposes in the United Kingdom and elsewhere which are in the opinion of the Directors beneficial to the community with a preference for those in the area of benefit
Our aim is to bring the benefits of local philanthropy, especially long-term support, to grass roots community projects across Dorset. To that end, Dorset Community Foundation holds funds on behalf of individuals, families, trusts, companies and statutory bodies investing them to provide further income for our charitable aims. We then engage with groups or individuals on behalf of these funders, promoting their criteria, making awards and collecting feedback. The trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Foundation’s aims and objectives and in planning future activities and setting the grant making policy for the year.
## **Achievements and Financial Performance 2023-24**
## **Review of Achievements**
The foundation has made a significant difference to the local Dorset community by its activities and grant making. We are pleased to record that in the last financial year we have distributed £985,663 in 194 grants to local groups and 548 individuals.
- We worked again in partnership with BCP Council to deliver and increased amount of £400,000 of funds from the government’s Household Support Fund. 57 grants supported 48 community groups addressing the impact of the cost of living crisis, focussing on food and energy poverty.
- We also worked in partnership with BCP Council to deliver £98,165 from the government’s UK Shared Prosperity Fund. 32 groups benefitted from grants supporting volunteering & social action projects, and capital expenditure to improve community buildings
- We supported Wessex Water to deliver a pilot place-based funding programme, Bridport Community Connectors Fund. This involved consultation events and surveys with the community to influence the design of the funding programme, support for groups with project ideas, and a community led decision panel. £29,210 of funding benefitted 6 local community groups who were bringing local people together in ways to support the local environment.
- Our Neighbourhood Fund has grown thanks to new income from legacies and donations including The Hamptons Fund, The Samuels Fund, The Amateurs Trust and contributions from existing fundholders. We distributed £128,778 to 34 groups this year.
- We awarded grants to individual young people experiencing financial disadvantage through our DCF Bursary, Superior STEM Bursary, Lord Lieutenant’s Fund for Young & Talented, the SWEF Enterprise Fund and the Sir George Earl Fund. These Funds collectively supported 125 young people to attend vocational further education courses or realise ambitions in sport, with funding of £99,158 – a 28% increase on the amount distributed the previous year.
- As a result of our Surviving Winter Appeal, £88,830 was distributed in grants of £200 per household, to 444 Dorset households experiencing fuel poverty. Grants are distributed by our partner, Citizens Advice East Dorset & Purbeck, who co-ordinate applications made via Citizens Advice offices across Dorset. Surviving Winter grants complimented similar grants available to local families thanks to the government’s Household Support Fund and together, were an important provision during the rising cost of living crisis.
Page 4
**DORSET COMMUNITY FOUNDATION**
## **REPORT OF THE TRUSTEES – CONTINUED For The Year Ended 31 March 2024**
- New fund set up this year was The Amateurs Trust Fund.
## **Future Plans**
During the year Dorset Community Foundation, its staff team and Board continued to follow its agreed strategy 2021-24 and have also put in place a new strategy for 2024-2027 which is ambitious yet, deliverable given recent growth.
The Foundation has developed plans to continue to engage existing and new funding relationships with donors, fund-holders, and strategic partners. Working with local Dorset councils, statutory and corporate donors we aim to broaden the income sources that DCF receive. This includes significant plans to work with the NHS locally to improve health inequalities and improve early intervention, particularly on Wellbeing and Mental Health. Furthermore, legacy giving and charitable trust transfers (dormant or ineffective trusts) are planned to significantly increase the provision of immediate support of groups and individuals in need in Dorset but also to further grow its endowment to ensure long-term grant-making and ongoing sustainability of DCF as a charity.
In becoming more inclusive, accessible, and representative of the communities in which it operates within Dorset, we plan to continue to reduce barriers which underrepresented groups and charities seeking funding experience. The Foundation also seek to continue to improve the diversity of its Trustee Board, seeking new Trustees who can bring further lived or professional experience which will inform and influence for DCF to become Dorset’s most effective/inclusive grant giving body.
2024/25 will also see the publication of Hidden Dorset, a comprehensive online report on the needs within Dorset’s communities. This report will underpin our grant-making decisions / strategy and also be a unique resource for charitable groups, stakeholders, local decision makers and others who will be able to evidence particular areas of need or disadvantage. It will also serve as a case for support to those we seek to work with us to deliver impactful grant-making, building our increasing reputation and standing locally. This publication will be an online resource and will be an ever-evolving document.
We are confident that the next year will be one of continued growth for DCF and our ability to address the needs and disadvantages of Dorset but also our potential to attract new donors, new partners, stakeholders, trusting us to deliver their charitable wishes and objectives using our knowledge, experience and proven track record of impact.
Page 5
**DORSET COMMUNITY FOUNDATION**
**REPORT OF THE TRUSTEES – CONTINUED For The Year Ended 31 March 2024**
## **Financial Review**
The key performance indicators for the Foundation are:
|**inancial Review**
he key performance indicators for the Foundation are:|||
|---|---|---|
||**2024**|**2023**|
|Growth in endowment funds|368.661|198,946|
|Grants payable|985,663|1,087,004|
|Movement in Unrestricted funds surplus|(47,615)|1,168|
The Key Performance Indicators demonstrate that the Foundation has continued to demonstrate its value to the community with an enhanced level of grants made, which is although lower than last year’s amount, it is still well ahead of achievements in past years. Achieving this level of success is fundamental to our mission as this is where we can see the impact the Foundation has on those in need in Dorset.
Our endowment funds have increased again this year, due to an unexpected final donation into the Hamptons Fund, and due to investments performing well this year. This increase has happened despite the distribution of grants from the Dorset Performing Arts fund, a flexible endowment, and the release of a significant amount for grants to be paid out of the Hamptons and Marjorie Gordon Funds.
Historically the instructions to fund managers are to achieve a return of 3.5%, generating sufficient income for grant making programmes. During the year the reduction in dividends paid, both generally and in particular in certain sectors that would otherwise be attractive for investment, has meant that a total return policy has been implemented which aims for inflation plus 4%. This is of course a long-term target but was exceeded in the current period. Raising endowment funds is always a challenge but the team continue to develop leads, both for living donors and for legacies and the Trustees are confident we remain on the right track, although we have been unable to grow the endowment as fast as envisaged.
Core funding remains a priority. Free reserves, defined as the level of unrestricted reserves less those reserves represented by fixed assets at the year end were at £18,233 (2023: £64,596), is lower than the target of three months unrestricted expenditure in the general fund, but we have the funds in the designated fund to call upon. This year, we have continued to add to our designated fund to ensure the investment of the future of the Foundation, this will be to provide for staff costs and associated costs.
The Trustees are committed to ensuring the long-term sustainability of the Foundation by ensuring appropriate levels of reserves are held. This can be achieved; by maintaining high levels of activity, both in new endowment and in grant making, where a proportion can be allocated to core funding; by direct grants and fundraising for core funding which are now a focus of the Trustees; by seeking funding of our programmes from our other funds, primarily from capital growth above inflation, where that is allowed; and by reducing costs generally.
All of these matters continue to be addressed on an ongoing basis. The current year to 31 March 2024 was a very active one for the Foundation as it continued with its momentum of growth.
The Foundation continued to monitor the impact of the grants made to beneficiaries. This is a key aspect of the Foundations’ work and purpose – the experienced staff employed by the Foundation review and assess the suitability of organisations for grants and monitor the results. The Grants Impact Committee oversees that element of the Charity’s activity and has confirmed that it is satisfied with the charity’s activities in this area.
## **Incoming Resources**
The Foundation’s total incoming resources for 2023/24 was £1,504,924, representing a decrease on last year of £246,150. The overall funds of the Foundation increased by £551,332 to £5,668,577.
## **Investment Policies**
Central to the Foundation's mission is the development of endowment funds, providing sustainable support for local communities in the long term whilst tackling need and deprivation through appropriate, targeted financial support. The investment objective is to maximize the "total return" over the medium and long term, without taking undue risk. The aim is to maintain the capital value of the fund, allowing for inflation, and to generate a return (whether from capital gains, dividends or interest) for core costs and grants programmes. The Trustees may make decisions to realise capital from growth from time to time to support the grants programmes.
Our stock market investments are managed by Evelyn Partners (formerly Smith and Williamson), CCLA and Quilter Cheviot.
Funds received under the Community First Match Challenge are invested, as a condition of the scheme, in the COIF Charity Investment Fund managed by CCLA. This fund has performed well compared with investment markets generally and the trustees are satisfied with the returns obtained.
In 2016 we decided to join with the Community Foundations in Devon, Somerset and Wiltshire in a co-investment strategy. The group invests with Evelyn Partners (formerly Smith & Williamson) and Quilter Cheviot. Within the current year we set up a Cash Trust Fund with Evelyn to invest into short term, and manage risk. Current asset funds not immediately required are held in bank deposit accounts.
Page 6
**DORSET COMMUNITY FOUNDATION**
**REPORT OF THE TRUSTEES – CONTINUED For The Year Ended 31 March 2024**
## **Restricted Income Funds**
Our restricted income funds as of 31st March 2024 totalled £217,341 (31[st] March 2023 £182,326). These funds are not regarded as free reserves by the trustees.
## **Reserves Policy**
A considerable part of the Foundation’s income has consisted of statutory and non-statutory funding schemes which are uncertain and relatively short-term. The trustees believe it is necessary to retain reserves at a level to maintain operations between the time such schemes end and before new ones are secured. The awarding of new funding streams to the Foundation is subject to competition from other organisations and cannot be relied upon with any certainty. Free reserves must also be maintained to cover statutory obligations to our staff should that prove necessary.
The Board have decided this represents approximately three months unrestricted expenditure; this represents approximately £75,000.
The continued high levels of activity and grant making during the period, together with cost savings on overheads, has resulted in the Foundation reporting a surplus on unrestricted funds. This surplus (including the designated fund) has increased free reserves to a level slightly exceeding the target level mentioned above. It is the intention of the Board of Trustees to maintain reserves at a similar level in future years.
## **Trustees’ Responsibilities Statement for Charitable Companies**
The trustees (who are also directors of Dorset Community Foundation for the purposes of company law) are responsible for preparing the Trustees’ report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare full financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources including the income and expenditure of the charitable company for the 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 2015 (FRS102)
- Make judgements and estimates that are reasonable and prudent
- State whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation
The trustees are responsible for keeping records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
- There is no relevant audit information of which the charitable company’s auditor is unaware and
- The trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.
## **Auditors**
The charity’s auditors are willing to remain in office and a proposal to re-appoint will be put forward at the forthcoming Annual General Meeting.
This report has been prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies.
This report was approved by the Board of Trustees and authorised for issue on 6th December 2024 and is signed on its behalf by:-
Tom Flood CBE (Chair)-Trustee
Page 7
**REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF DORSET COMMUNITY FOUNDATION**
## **Independent Auditor's Report**
## **Opinion**
We have audited the financial statements of Dorset Community Foundation (the 'charitable company') for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
- In our opinion the financial statements:
- give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
## **Other information**
The other information comprises the information included in the trustees’ annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
## **Opinions on other matters prescribed by the Companies Act 2006**
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the trustees' report (incorporating the directors report) for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the directors' report has been prepared in accordance with applicable legal requirements.
## **Matters on which we are required to report by exception**
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the trustees were not entitled to prepare the financial statements in accordance with the small companies' regime and take advantage of the small companies' exemptions in preparing the directors' report and from the requirement to prepare a strategic report.
Page 8
## **Responsibilities of trustees**
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
- Discussions with management, including consideration of known or suspected instances of non-compliance with laws and regulations and fraud;
- Understanding of Management's internal controls designed to prevent and detect irregularities and fraud;
- Reviewing the minutes of Board of Trustee meetings;
- Designing audit procedures to incorporate unpredictability around the nature, timing or extent of our testing of expenses;
- Performing analytical procedures to identify any unusual or unexpected relationships that might indicate risks of material misstatement due to fraud
- Reviewing the financial statements disclosures and testing to supporting documentation to assess compliance with relevant laws and regulations discussed above;
- Testing transactions entered into outside of the normal course of the charitable company's business; and
- Identifying and testing journal entries. In particular, any journal entries with fraud characteristics such as journals with round numbers.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities is available on the Financial Reporting Council's website at: https://www.frc.org.uk/Our-Work/Audit/Audit-and-assurance/Standardsand-guidance/Standards-and-guidance-for-auditors/Auditors-responsibilities-for-audit/Description-of-auditors-responsibilities-foraudit.aspx. This description forms part of our auditor's report.
## **Use of our report**
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
## fom
James Gare (Senior Statutory Auditor) For and on behalf of Sumer Audit Statutory Auditor Chartered Accountants County Gate County Way Trowbridge Wiltshire BA14 7FJ
> Date: 12 December 2024
Page 9
## **DORSET COMMUNITY FOUNDATION**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) For The Year Ended 31 March 2024**
|**For The Year Ended 31 March 2024**|||||
|---|---|---|---|---|
|_Notes_
**Income and endowments from:**
Donations and legacies
_2_
Charitable activities
_4_
Investments
_3_
**TOTAL**
**Expenditure on:**
Raising Funds-Investment
management costs
Charitable activities
_5_
**TOTAL**
**Realised Gains on Investments**_13_
**Net Gains / (Losses) on Investments**_13_
**Net income / (expenditure)**
**Transfers between funds**
_17_
**Net movement in funds**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED**
**FORWARD**|Unrestricted
Funds
**2024**
2023
**£**
£
**12,649**
21,985
**44,243**
52,575
**6,983**
1,250|Designated
Funds
Restricted
Funds
Endowment
Funds
Total
Funds
Total
Funds
**2024**
2023
**2024**
2023
**2024**
2023
**2024**
2023
**£**
£
**£**
£
**£**
£
**£**
£
**230,931**
10,000
**293,519**
420,741
**163,671**
626,486
**700,770**1,079,212
**-**
-
**606,762**
525,205
-
-
**651,005**
577,780
**-**
-
**132,968**
91,420
**13,198**
1,412
**153,149**
94,082
**230,931**
10,000**1,033,249**1,037,366
**176,869**
627,898**1,504,924**1,751,074
**-**
**-**
**16,380**
8,662
**-**
-
**16,380**
8,662
**35,661**
14,264**985,879**1,089,567
**-**
-**1,250,676**1,315,774
**35,661**
14,264**1,002,259**1,098,229
**-**
-**1,267,056**1,324,436
**-**
-
**-**
-
**11,670**
14,473
**11,670**
14,473
**-**
-
**-**
-
**301,794**(136,658)
**301,794**(136,658)
**195,270**
(4,264)
**30,989**
(60,863)
**490,333**
505,713
**551,332**
304,453
**-**
75,000
**4,026**
94,466
**(121,672)**(306,767)
-
-
**195,270**
70,736
**35,015**
33,603
**368,661**
198,946
**551,332**
304,453
**70,736**
**- 182,326**
148,723
**4,797,497**4,598,551
**5,117,245**4,812,792|||
||**63,875**
75,810
**-**
-
**229,136**
211,943||||
||**229,136**
211,943
**-**
-
**-**
-
**(165,261)**(136,133)
**117,646**
137,301
**(47,615)**
1,168
**66,686**
65,518
**19,072**
66,686||||
|||
**266,006**|
70,736
**217,341**
182,326
**5,166,158**|
4,797,497
**5,668,577**
5,117,245|
The notes on pages 13-30 form part of these statements.
The Statement of Financial Activities include all gains and losses recognised during the year. All income and expenditure derive from continuing activities.
Page 10
## **DORSET COMMUNITY FOUNDATION (REGISTERED NUMBER: 05768612)**
## **BALANCE SHEET**
## **At 31 March 2024**
|||||||2024|2023|
|---|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Endowment|Total|Total|
||||funds|Funds|funds|funds|Funds|
|||Notes|£|£|£|£|£|
|**FIXED ASSETS**||||||||
|Tangible assets||12|839|-|-|839|2,090|
|Investments||13|-|924,529|3,435,349|4,359,878|3,067,512|
||||839|924,529|3,435,349|4,360,717|3,069,602|
|**CURRENT ASSETS**||||||||
|Debtors: amounts falling due within|Debtors: amounts falling due within|Debtors: amounts falling due within||||||
|one year||14|266,218|-|-|266,218|12,664|
|Investments||15|-|-|1,730,809|1,730,809|70,100|
|Cash at bank and in hand|||38,302|211,752|-|250,054|2,015,439|
||||304,520|211,752|1,730,809|2,247,081|2,098,203|
|**CREDITORS**||||||||
|Amounts falling due within one||16|(20,281)|(118,940)|-|(139,221)|(50,560)|
|year||||||||
|**NET CURRENT ASSETS**|||284,239|92.812|1,730,809|2,107,860|2,047,643|
|**TOTAL ASSETS LESS**||||||||
|**CURRENT LIABILITIES**|||285,078|1,017,341|5,166,158|6,468,577
5,117,245|5,117,245|
|Creditors: Amounts falling due after||Creditors: Amounts falling due after
17||||||
|more than one year – deferred|||-|(800,000)|-|(800,000)|-|
|income||||||||
|**NET ASSETS**|||285,078|217,341|5,166,158|5,668,577|5,117,245|
|**FUNDS**||||||||
|Unrestricted funds|18|||||285,078|137,422|
|Restricted funds|18|||||217,341|182,326|
|Endowment funds|18|||||5,166,158|4,797,497|
|**TOTAL FUNDS**||||||5,668,577|5,117,245|
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006.
The financial statements were approved by the Board of Trustees on 6[th] December 2024 and were signed on its behalf by:
fktomlk ............................................. Tom Flood CBE (Chair)-Trustee
The notes on pages 13-30 form part of these statements.
Page 11
**DORSET COMMUNITY FOUNDATION**
## **STATEMENT OF CASH FLOWS For the Year ended 31 March 2024**
|2024
£
**NET CASH USED IN OPERATING ACTIVITIES (See below)**
**580,214**
**CASHFLOWS FROM INVESTING ACTIVITIES**
Dividends and interest from investments
138,525
Purchase of tangible fixed assets
-
Additions to investments (2,625,585)
Proceeds from sale of investments1,646,683
**NET CASH GENERATED BY INVESTING ACTIVITIES (840,377)**
**CASHFLOWS FROM FINANCING ACTIVITIES**
Receipt of endowment
155,487
**NET CASH GENERATED BY FINANCING ACTIVITIES**
**155,487**
**CHANGE IN CASH AND CASH EQUIVALENTS IN THE REPORTING PERIOD (104,676)**
**CASH AND CASH EQUIVALENTS AT 1ST APRIL 20242,085,539**
**CASH AND CASH EQUIVALENTS AT 31ST MARCH 20241,980,863**
**RECONCILIATION OF NET INCOME TO NET CASHFLOW FROM OPERATING**
**ACTIVITIES**
Net income for the reporting period as per the statement of financial activities
551,331
Adjustments for:
Dividends and interest from investments (138,525)
Depreciation charges
1,250
(Gain) / loss on investments
(313,464)
(Increase) / Decrease in debtors (253,553)
Increase / (Decrease) in creditors
888,662
Receipt of endowment (155,487)
**NET CASH USED IN OPERATING ACTIVITES**
**580,214**
**ANALYSIS OF CASH AND CASH EQUIVALENTS**
Cash in hand and at bank
Current asset investment – Cash held
250,054
1,730,809
**TOTAL CASH AND CASH EQUIVALENTS1,980,863**|2023
£
**1,256,305**
94,082
(697)
(743,382)
581,448
**(68,549)**
523,299
**523,299**
**1,711,055**
**374,484**
**2,085,539**
304,453
(94,082)
1,255
122,185
1,480,444
(34,651)
(523,299)
**1,256,305**
2,015,439
70,100|2023
£
**1,256,305**
94,082
(697)
(743,382)
581,448
**(68,549)**
523,299
**523,299**
**1,711,055**
**374,484**
**2,085,539**
304,453
(94,082)
1,255
122,185
1,480,444
(34,651)
(523,299)
**1,256,305**
2,015,439
70,100|
|---|---|---|
|||**2,085,539**|
Page 12
**DORSET COMMUNITY FOUNDATION**
**NOTES TO THE FINANCIAL STATEMENTS For The Year Ended 31 March 2024**
## **1. ACCOUNTING POLICIES**
## **Accounting convention and basis of preparation**
Dorset Community Foundation is a private limited company registered in England. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the Charity. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity’s operations and principal activities are set out on pages 2 and 3.
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2020)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.
The Trustees have considered the projected unrestricted income and expenditure of the charity in the twelve month period from the date of signing of the accounts. Although levels of income cannot be projected with certainty, as they arise from projects undertaken during the year, the Trustees are confident that, the steps that have been taken to increase core income and reduce core costs will ensure a substantially improved financial position. In the light of these considerations the Trustees believe it is appropriate to prepare the accounts on a going concern basis.
## **Incoming resources**
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
The following specific policies are applied to particular categories of income:
## **Donations and Legacies**
Voluntary income is received by way of grants, donations, legacies and gifts and is recognised in the Statement of Financial Activities when receivable.
## **Charitable Activities**
Incoming resources from grants (including government grants), where related to performance and specific deliverables are accounted for as the charity earns the right to consideration by its performances. Where the grant has been received but the right to consideration has not been earned as at the financial year end, the income is deferred.
## **Investment income**
Investment income is accounted for in the period in which the charity is entitled to receipt.
## **Resources expended**
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year-end date are noted as a commitment but not accrued as expenditure.
## **Acting as an Agent**
The Foundation from time to time will act as an agent, where Income and Grants paid will not necessarily be received and paid out through the foundation, but a fee for this service will be received.
## **Charitable activities**
Costs of charitable activities include grants made and support costs as shown in note 5.
## **Governance costs**
Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to statutory audit and legal fees together with an apportionment of overhead and support costs.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on cost and 15% on reducing balance
Page 13
**DORSET COMMUNITY FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED For The Year Ended 31 March 2024**
## **Investments**
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value with changes recognised in “net gains/(losses) on investments” in the Statement of Financial Activities if the shares are publicly traded or their fair value can otherwise be measured reliably. Current asset investments are short term highly liquid investments and are held at fair-value. These include cash on deposit and cash equivalents with a maturity of less than one year.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Cash at bank and in hand**
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **Debtors and creditors receivable / payable within one year**
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
## **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 has a defined contribution pension scheme. The cost of contributions to the scheme are charged to the Statement of Financial Activities as they become payable.
## **Fund accounting**
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity.
Restricted funds are subject to restrictions on their expenditure imposed by the donor or through the terms of a grant.
Endowment funds are expendable and are accumulated to provide a regular source of income in respect of both the charity's grant aid programme and grant making support costs.
Details of the nature and purpose of each fund is set out in note 17.
## **Critical accounting judgements and key sources of estimation uncertainty**
In the application of the accounting policies, Trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. In the Trustees view there are no estimates and assumptions that have significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
Page 14
**DORSET COMMUNITY FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED For The Year Ended 31 March 2024**
|**2.**
**DONATIONS AND LEGACIES**
Donations and gifts
Gift aid||
2024
2023
£
£
689,269
1,064,034
11,501
15,178
700,770
1,079,212|
|---|---|---|
Income from donations and legacies was £700,770 (2023: £1,079,212) of which £163,671 (2023: £626,486) was attributable to endowments, £293,519 (2023: £420,741) was attributable to restricted funds, £230,931(2023: Nil) was attributable to designated and £12,649 (2023: £31,985) was attributable to unrestricted funds.
## **3.**
|**INVESTMENTS**
Dividend income
Deposit account interest
Cash Trust interest|
2024
£
110,906
27,619
14,624
153,149|2023
£
87,995
6,087
-|
|---|---|---|
|||94,082|
Income from investments was £153,149 (2023: £94,082) of which £13,198 was attributable to endowments, £132,968 (2023: £92,832) was attributable to restricted and £6,983 (2023: £1,250) was attributable to unrestricted funds.
## **4.**
|**INCOME FROM CHARITABLE ACTIVITIES**
Grants
Management fees
Grants received, included in the above, are as follows:
**Other Grants:**
Wessex Water Fund
BCP Council Fund
Made by Sport Fund
Wessex Water Environment Fund
Sir George Earl Fund
BCP Living Legacy Fund
Ace Let’s Create Jubilee Fund
Core Fund
Talbot Village Trust Fund
Youth Social Action Fund
Dorset Welcome Fund
Communities in Crisis Fund
Wessex Water Community Connectors Fund
Hunts Food Group Community Fund|
2024
Total activities
2023
Total activities
£
£
606,762
527,838
44,243
49,942
651,005
577,780
2024
2023
£
£
38,750
38,750
498,166
312,000
-
-
7,960
16,250
14,386
2,763
-
-
-
(1,400)
-
2,633
-
-
-
(8,330)
30,000
80,000
-
17,672
-
50,000
17,500
17,500
606,762
527,838|
2024
Total activities
2023
Total activities
£
£
606,762
527,838
44,243
49,942
651,005
577,780
2024
2023
£
£
38,750
38,750
498,166
312,000
-
-
7,960
16,250
14,386
2,763
-
-
-
(1,400)
-
2,633
-
-
-
(8,330)
30,000
80,000
-
17,672
-
50,000
17,500
17,500
606,762
527,838|
2024
Total activities
2023
Total activities
£
£
606,762
527,838
44,243
49,942
651,005
577,780
2024
2023
£
£
38,750
38,750
498,166
312,000
-
-
7,960
16,250
14,386
2,763
-
-
-
(1,400)
-
2,633
-
-
-
(8,330)
30,000
80,000
-
17,672
-
50,000
17,500
17,500
606,762
527,838|
|---|---|---|---|
||||577,780|
||||2023
£
38,750
312,000
-
16,250
2,763
-
(1,400)
2,633
-
(8,330)
80,000
17,672
50,000
17,500|
||||527,838|
Page 15
**DORSET COMMUNITY FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED For The Year Ended 31 March 2024**
|External Management Fees included in previous table, are as follows:
Dorset Welcome Fund
Nature Heals
Original Cottages
Ace Lets Create Jubilee Fund
Wessex Water
BCP Council Fund
DCMS
Youth Social Action Fund
GVC Fund
Sir George Earle
Communities in Crisis Fund
Wessex Water Community Connectors Fund
Hunts Food Group Community Fund|2024
£
2,100
(467)
477
477
4,204
34,935
467
-
-
300
-
-
1,750
44,243|2023
£
5,600
-
-
-
4,950
21,840
-
4,722
3,747
150
1,183
6,000
1,750|
|---|---|---|
|||49,942|
Income from charitable activities was £651,004 (2023: £577,780) of which £Nil (2023: £Nil) was attributable to endowments, £606,761 (2023: £525,205) was attributable to restricted and £44,243 (2023: £52,575) was attributable to unrestricted funds.
Page 16
**DORSET COMMUNITY FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED For The Year Ended 31 March 2024**
## **5. CHARITABLE ACTIVITIES COSTS**
|Direct costs
(note 6)
Grant funding of
activities (note7)
Governance
Costs(note8)
Totals
£
£
£
£
Amateurs Trust Fund
-
54,000
-
54,000
BCP Homelessness Action Collaborative Fund
216
4,650
-
4,866
BCP Council Fund
-
498,165
-
498,165
Bournemouth & Poole Arts Prize Fund
-
5,350
-
5,350
Bournemouth & Poole College Foundation Fund
-
1,427
-
1,427
Bournemouth Communities Fund
-
2,722
-
2,722
Collins Fund
-
530
-
530
Corton Hill Fund
-
36,466
-
36,466
DCF Team Fund
-
238
-
238
Dorset Communities Fund
-
1,155
-
1,155
Dorset County Council Educational Trusts Fund
-
7,459
-
7,459
Dorset Education Trust for Children and Young People
-
2,110
-
2,110
Dorset Performing Arts Fund
-
44,450
-
44,450
Dorset Welcome Fund
-
6,120
-
6,120
Gladys Watson Fund
-
2,450
-
2,450
Graham Burrough Fund
-
4,350
-
4,350
Costs of delivering the core purpose
254,297
-
10,500
264,797
Hamptons Fund
-
4,474
-
4,474
Humphries Kirk
-
400
-
400
Hunts Food Group
35,000
35,000
Joy and Lance Collier Fund
-
1,812
-
1,812
Kaye Family Fund
2,000
2,000
Kitson and Trotman Fund
-
547
-
547
Lord Lieutenant’s Fund
-
9,400
-
9,400
Marjorie Gordon Fund
-
15,643
-
15,643
Nature Heals Seed Fund
-
2,628
-
2,628
Poole Communities Fund
-
1,182
-
1,182
Samuels Fund
-
30,000
-
30,000
Sir George Earl Fund
-
14,086
-
14,086
SWEF
-
22,444
-
22,444
Superior Stem Bursary Fund
-
9,174
-
9,174
Surviving Winter
-
88,830
-
88,830
Tampon Tax Fund
-
115
-
115
The Dorset Community Foundation Bursary Scheme
-
(699)
-
(699)
The Richard Timms Fund
9,485
9,485
Toby’s of Shaftesbury Fund
-
2,000
-
2,000
Wessex Water Fund
-
41,798
-
41,798
Wessex Water Environment Fund
-
23,702
-
23,702
254,513
985,663
10,500
1,250,676
£ NIL (2023: £ NIL) of the above costs were attributable to endowments, £985,879 (2023: £1,089,567) were attributable to
restricted, £35,661 was attributable to designated fund, and £229,136 (2023: £226,207) were attributable to unrestricted
funds.
**6.**
**DIRECT COSTS OF CHARITABLE ACTIVITIES**2024 £ 2023 £
Staff costs
169,715
132,320
Recruitment
190
5,642
Computer costs
6,003
6,158
Insurance
2,605
1,246
Depreciation (See fixed asset note)
1,251
1,255
Bookkeeping and payroll
27,901
19,946
Subscriptions
14,038
12,994
Legal and Professional
936
6,807
Marketing and Communications
15,467
22,074
Training
240
3,477
Travel and subsistence
1,349
503
Rent and room hire
6,208
5,325
Telephone / Broadband
1,057
975
Postage and stationery
969
1,023
Bank charges
75
124
Sundries
6,509
1,001
254,513
220,870|Direct costs
(note 6)
Grant funding of
activities (note7)
Governance
Costs(note8)
£
£
£
-
54,000
-
216
4,650
-
-
498,165
-
-
5,350
-
-
1,427
-
-
2,722
-
-
530
-
-
36,466
-
-
238
-
-
1,155
-
-
7,459
-
-
2,110
-
-
44,450
-
-
6,120
-
-
2,450
-
-
4,350
-
254,297
-
10,500
-
4,474
-
-
400
-
35,000
-
1,812
-
2,000
-
547
-
-
9,400
-
-
15,643
-
-
2,628
-
-
1,182
-
-
30,000
-
-
14,086
-
-
22,444
-
-
9,174
-
-
88,830
-
-
115
-
-
(699)
-
9,485
-
2,000
-
-
41,798
-
-
23,702
-|Totals
£
54,000
4,866
498,165
5,350
1,427
2,722
530
36,466
238
1,155
7,459
2,110
44,450
6,120
2,450
4,350
264,797
4,474
400
35,000
1,812
2,000
547
9,400
15,643
2,628
1,182
30,000
14,086
22,444
9,174
88,830
115
(699)
9,485
2,000
41,798
23,702|
|---|---|---|
|||1,250,676|
Page 17
**DORSET COMMUNITY FOUNDATION**
**NOTES TO THE FINANCIAL STATEMENTS - CONTINUED For The Year Ended 31 March 2024**
|**7.**
**GRANTS PAYABLE**
Ace Let's Create Jubilee Fund
Amateurs Trust Fund
BCP Homelessness Action Collaborative Fund
BCP Council Fund
Bournemouth & Poole Arts Prize Fund
Bournemouth & Poole College Foundation Fund
Bournemouth Communities Fund
Collins Fund
Communities in Crisis Fund
Corton Hill Fund
David and Quinta Woodward Family Fund
DCF Team Fund
Designs for Humanity
Dorset Communities Fund
Dorset County Council Educational Trusts Fund
Dorset Education Trust for Children and Young People
Dorset Performing Arts Fund
Dorset Welcome Fund
Gladys Watson Fund
Graham Burrough Fund
GVC Fund
Hamptons Fund
Humphries Kirk Unclaimed Client Balances Fund
Hunts Food Group
J Jays Fund
Joy and Lance Collier Fund
Kaye Family Fund
Kitson and Trotman Fund
Lord Lieutenant’s Fund
Marjorie Gordon Fund
Nature Heals
Neighbourhood Fund
Paul Cornes Fund
Poole Communities Fund
Salisbury Diocese Fund
Samuels Fund
Sir George Earl Fund
SWEF
Superior Stem Bursary Fund
Surviving Winter
Tampon Tax Fund
The Dorset Community Foundation Bursary Scheme
The Richard Timms Fund
The Toby's of Shaftsbury Fund
Wessex Water Community Connectors Fund
Wessex Water Fund
Wessex Water Environment Fund
Youth Social Action Fund||
2024
£
-
54,000
4,650
498,165
5,350
1,428
2,722
530
-
36,466
-
238
-
1,155
7,459
2,110
44,449
6,120
2,450
4,350
-
4,474
400
35,000
-
1,812
2,000
547
9,400
15,643
2,628
-
-
1,182
-
30,000
14,086
22,444
9,174
88,830
115
(699)
9,485
2,000
-
41,798
23,702
-
985,663|2023
£
(1,400)
-
4,035
312,000
7,750
1,480
1,878
904
17,672
85,074
9,440
300
9,000
558
16,299
-
66,888
69,194
2,000
3,626
47,220
83,609
817
-
2,150
1,837
-
920
15,000
2,611
27,372
1,372
15,000
891
2,085
-
2,763
36,002
10,735
98,245
-
22,075
-
-
29,210
38,750
16,249
25,393|
|---|---|---|---|
|||||
||||1,087,004|
Page 18
**DORSET COMMUNITY FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED For The Year Ended 31 March 2024**
## **7. GRANTS PAYABLE – CONTINUED**
## **The total grants paid to institutions during the year was as follows:**
|**Grant Awarded to**
**Amount Awarded**
**£**
Bournemouth Foodbank
26,225
Grounded Community
22,770
Poole Waste Not Want Not
22,424
EDAS (Essential Drug and Alcohol Services)
21,520
Countrymen UK
20,700
Poole Communities Trust
18,570
Poole Foodbank - a project of Faithworks Wessex
18,474
Poole Community Exchange
18,227
Access Dorset
17,590
Treads
17,500
Water Lily Project
14,689
Christchurch Foodbank
13,927
Somerford Youth & Community Centre
13,200
Bournemouth Community Church
12,945
HealthBus Trust
12,320
Safe and Sound Dorset
12,000
The Friendly Food Club
12,000
Hope Community Church
11,500
Townsend Community Association
11,379
Somerford ARC Community Centre
11,280
West Howe Community Enterprises
11,090
Bournemouth Churches Housing Association
11,000
Christchurch Community Partnership
10,618
Recreate Dorset
10,500
Bournemouth Ymca
10,284
Other grants under £10,000
407,692
790,424
**The total grants paid to individuals during the year were as follows:**
Grants to individuals – Surviving Winter
88,830
Grants to individuals – Dorset County Council Educational Trusts Fund
7,459
Grants to individuals – Sir George Earle Fund
14,086
Grants to individuals – Bournemouth & Poole College Arts Prize Fund
5,350
Grants to individuals – Lord Lieutenant’s Fund
9,400
Grants to individuals – Superior Stem Bursary Fund
9,174
Grants to individuals – Marjorie Gordon
15,643
Grants to individuals – Dorset Education Trust for Children & Young People Fund
2,110
Grants to individuals – The Dorset Community Foundation Bursary Scheme 16-21 yrs
(699)
Grants to individuals – Bournemouth & Poole College Foundation Fund
1,428
Grants to individuals – SWEF
22,445
Grants to individuals – Corton Hill Fund
20,013
195,239|**Grant Awarded to**
**Amount Awarded**
**£**
Bournemouth Foodbank
26,225
Grounded Community
22,770
Poole Waste Not Want Not
22,424
EDAS (Essential Drug and Alcohol Services)
21,520
Countrymen UK
20,700
Poole Communities Trust
18,570
Poole Foodbank - a project of Faithworks Wessex
18,474
Poole Community Exchange
18,227
Access Dorset
17,590
Treads
17,500
Water Lily Project
14,689
Christchurch Foodbank
13,927
Somerford Youth & Community Centre
13,200
Bournemouth Community Church
12,945
HealthBus Trust
12,320
Safe and Sound Dorset
12,000
The Friendly Food Club
12,000
Hope Community Church
11,500
Townsend Community Association
11,379
Somerford ARC Community Centre
11,280
West Howe Community Enterprises
11,090
Bournemouth Churches Housing Association
11,000
Christchurch Community Partnership
10,618
Recreate Dorset
10,500
Bournemouth Ymca
10,284
Other grants under £10,000
407,692
790,424
**The total grants paid to individuals during the year were as follows:**
Grants to individuals – Surviving Winter
88,830
Grants to individuals – Dorset County Council Educational Trusts Fund
7,459
Grants to individuals – Sir George Earle Fund
14,086
Grants to individuals – Bournemouth & Poole College Arts Prize Fund
5,350
Grants to individuals – Lord Lieutenant’s Fund
9,400
Grants to individuals – Superior Stem Bursary Fund
9,174
Grants to individuals – Marjorie Gordon
15,643
Grants to individuals – Dorset Education Trust for Children & Young People Fund
2,110
Grants to individuals – The Dorset Community Foundation Bursary Scheme 16-21 yrs
(699)
Grants to individuals – Bournemouth & Poole College Foundation Fund
1,428
Grants to individuals – SWEF
22,445
Grants to individuals – Corton Hill Fund
20,013
195,239|**Grant Awarded to**
**Amount Awarded**
**£**
Bournemouth Foodbank
26,225
Grounded Community
22,770
Poole Waste Not Want Not
22,424
EDAS (Essential Drug and Alcohol Services)
21,520
Countrymen UK
20,700
Poole Communities Trust
18,570
Poole Foodbank - a project of Faithworks Wessex
18,474
Poole Community Exchange
18,227
Access Dorset
17,590
Treads
17,500
Water Lily Project
14,689
Christchurch Foodbank
13,927
Somerford Youth & Community Centre
13,200
Bournemouth Community Church
12,945
HealthBus Trust
12,320
Safe and Sound Dorset
12,000
The Friendly Food Club
12,000
Hope Community Church
11,500
Townsend Community Association
11,379
Somerford ARC Community Centre
11,280
West Howe Community Enterprises
11,090
Bournemouth Churches Housing Association
11,000
Christchurch Community Partnership
10,618
Recreate Dorset
10,500
Bournemouth Ymca
10,284
Other grants under £10,000
407,692
790,424
**The total grants paid to individuals during the year were as follows:**
Grants to individuals – Surviving Winter
88,830
Grants to individuals – Dorset County Council Educational Trusts Fund
7,459
Grants to individuals – Sir George Earle Fund
14,086
Grants to individuals – Bournemouth & Poole College Arts Prize Fund
5,350
Grants to individuals – Lord Lieutenant’s Fund
9,400
Grants to individuals – Superior Stem Bursary Fund
9,174
Grants to individuals – Marjorie Gordon
15,643
Grants to individuals – Dorset Education Trust for Children & Young People Fund
2,110
Grants to individuals – The Dorset Community Foundation Bursary Scheme 16-21 yrs
(699)
Grants to individuals – Bournemouth & Poole College Foundation Fund
1,428
Grants to individuals – SWEF
22,445
Grants to individuals – Corton Hill Fund
20,013
195,239|
|---|---|---|
|||88,830
7,459
14,086
5,350
9,400
9,174
15,643
2,110
(699)
1,428
22,445
20,013|
|||195,239|
Page 19
**DORSET COMMUNITY FOUNDATION**
**NOTES TO THE FINANCIAL STATEMENTS - CONTINUED For The Year Ended 31 March 2024**
## **8. GOVERNANCE COSTS**
## **9.**
|Staff costs
Auditors' remuneration
**NET INCOMING RESOURCES**
Net resources are stated after charging:
Auditors' remuneration and other accountancy fees
Depreciation - owned assets|2024
£
900
9,600
10,500
2024
£
10,464
1,251|2023
£
900
7,000
7,900
2023
£
7,792
1,255|
|---|---|---|
Auditors remuneration represents audit fees of £9,600 (2023:£ 7,000) and tax advisory services of £864 (2023: £792)
## **10. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
## **Trustees' Expenses**
Reimbursed Trustees expenses during the year amounted to £NIL (2023:NIL).
## **11.**
|**STAFF COSTS**
Wages and salaries
Social security costs
Pension Costs
The average number of staff during the year was 5 (2023: 4).
Key Management Personnel
No employees received emoluments in excess of £60,000 during this or the previous period.|
2024
£
156,875
10,396
3,344
170,615
104,414|2023
£
123,098
7,333
2,789
133,220
91,749|
|---|---|---|
## **12. TANGIBLE FIXED ASSETS**
||Office/Computer equipment|
|---|---|
||£|
|**COST**||
|At 1 April 2023|12,624|
|Additions|-|
|Disposals|-|
|At 31 March 2024|12,624|
|**DEPRECIATION**||
|At 1 April 2023|10,534|
|Charge for year|1,251|
|Disposals|-|
|At 31 March 2024|11,785|
|**NET BOOK VALUE**||
|At 31 March 2024|839|
|At 31 March 2023|2,090|
Page 20
**DORSET COMMUNITY FOUNDATION**
**NOTES TO THE FINANCIAL STATEMENTS - CONTINUED For The Year Ended 31 March 2024**
## **13. FIXED ASSET INVESTMENTS**
|||Listed|
|---|---|---|
|||investments|
|||£|
|**MARKET VALUE**|||
|At 1 April 2023||3,067,512|
|Additions||2,625,585|
|Disposals||(1,646,683)|
|Revaluations||313,464|
|At 31 March 2024||4,359,878|
|**NET BOOK VALUE**|||
|At 31 March 2024||4,359,878|
|At 31 March 2023||3,067,512|
|There were some investment assets outside the UK.|||
|An analysis of the portfolio is as follows:|||
||2024|2023|
||£|£|
|CCLA COIF Charities Investment Fund|942,444|869,881|
|Evelyn Partners (Formerly Smith and Williamson)|2,328,189|1,600,296|
|Sarasin & Partners|1,089,245|-|
|Quilter Cheviot|-|597,335|
||4,359,878|3,067,512|
|The fair value of listed investments is determined by reference to the closing quoted market price at the Balance Sheet date.|||
## **14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Other debtors
Prepayments
**15.**
**CURRENT ASSET INVESTMENTS**
Cash held at investment managers
Endowments held in cash trust
**16.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Social security and other taxes
Accruals for grants payable
Other creditors
Accruals and deferred income|2024
£
261,839
4,379
266,218
2024
£
92,000
1,638,809
1,730,809
2024
£
4,482
18,940
3,173
112,626
139,221||2023
£
9,199
3,465
12,664|2023
£
9,199
3,465|
|---|---|---|---|---|
||||2023
£
70,100
-||
||||70,100
2023
£
3,974
33,170
1,679
11,737
50,560||
Page 21
**DORSET COMMUNITY FOUNDATION**
**NOTES TO THE FINANCIAL STATEMENTS - CONTINUED For The Year Ended 31 March 2024**
## **17. CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR – DEFERRED INCOME**
|Deferred income
**18. MOVEMENT IN FUNDS**
At
**Unrestricted funds**
General fund
Development Fund – Designated Reserves
**Restricted funds**
Amateurs Trust Fund
BCP Council Fund
BCP Homelessness Action Collaborative Fund
Bournemouth & Poole Arts Prize - Exp Fund
Bournemouth & Poole College Foundation Fund
Bournemouth Communities - Expenditure Fund
Collins Fund
Corton Hill Fund
David and Quinta Woodward Family Fund
DCF Bursary Scheme 16 to 21 years
DCF Team Fund
Dorset Chamber Life Skills Fund
Dorset Communities Expenditure Fund
Dorset County Council Educational Trusts Fund
Dorset Educ Trust Fund for Children and Young People Fund
Dorset Performing Arts Fund
Dorset Welcome Fund
Gladys Watson Fund
Graham Burrough Fund
Hamptons Fund
HK Law Fund
Hunts Food Group Community Fund
J Jays Fund
Joy and Lance Collier Fund
Kaye Family Fund
Kitson and Trotman Fund
Lester Aldridge Fund
Lord Lieutenant’s Fund
Marjorie Gordon Fund - Expenditure Fund
Nature Heals Seed Fund
Neighbourhood Fund
Paul Cornes Fund
Poole Communities Fund - Expenditure Fund
Primrose Fund
Richard Timms Fund
Salisbury Diocese Fund Social Welfare
Samuels Fund
Sir George Earle Fund
SWEF
Superior Stem Bursary Fund
Surviving Winter
Tall Ships Fund - Expenditure Fund
Tampon Tax Fund
The Toby’s of Shaftesbury Fund
Vivien Helen Barnard Fund
Wessex Water Community Fund
Wessex Water Community Connectors Fund
Wessex Water Environment Fund|Deferred income
**18. MOVEMENT IN FUNDS**
At
**Unrestricted funds**
General fund
Development Fund – Designated Reserves
**Restricted funds**
Amateurs Trust Fund
BCP Council Fund
BCP Homelessness Action Collaborative Fund
Bournemouth & Poole Arts Prize - Exp Fund
Bournemouth & Poole College Foundation Fund
Bournemouth Communities - Expenditure Fund
Collins Fund
Corton Hill Fund
David and Quinta Woodward Family Fund
DCF Bursary Scheme 16 to 21 years
DCF Team Fund
Dorset Chamber Life Skills Fund
Dorset Communities Expenditure Fund
Dorset County Council Educational Trusts Fund
Dorset Educ Trust Fund for Children and Young People Fund
Dorset Performing Arts Fund
Dorset Welcome Fund
Gladys Watson Fund
Graham Burrough Fund
Hamptons Fund
HK Law Fund
Hunts Food Group Community Fund
J Jays Fund
Joy and Lance Collier Fund
Kaye Family Fund
Kitson and Trotman Fund
Lester Aldridge Fund
Lord Lieutenant’s Fund
Marjorie Gordon Fund - Expenditure Fund
Nature Heals Seed Fund
Neighbourhood Fund
Paul Cornes Fund
Poole Communities Fund - Expenditure Fund
Primrose Fund
Richard Timms Fund
Salisbury Diocese Fund Social Welfare
Samuels Fund
Sir George Earle Fund
SWEF
Superior Stem Bursary Fund
Surviving Winter
Tall Ships Fund - Expenditure Fund
Tampon Tax Fund
The Toby’s of Shaftesbury Fund
Vivien Helen Barnard Fund
Wessex Water Community Fund
Wessex Water Community Connectors Fund
Wessex Water Environment Fund|2024
2023
£
£
800,000
-
800,000
-
1/4/23
Incoming
resources
Resources
expended
Gains and
losses
Transfers
in funds
At 31/3/24
£
£
£
£
£
£
66,686
63,875
(229,135)
-
117,646
19,072
70,736
230,931
(35,661)
-
-
266,006
137,422
294,806
(264,796)
-
117,646
285,078
-
60,000
(54,000)
-
(6,000)
-
-
498,165
(498,165)
-
-
-
4,564
1,825
(4,866)
-
(269)
1,254
-
7,334
(5,350)
-
1,764
3,748
859
6,646
(2,564)
-
(3,657)
1,284
495
8,521
(4,174)
-
(4,739)
103
8
1,809
(646)
-
(1,086)
85
6,051
127,641
(36,466)
-
(13,625)
83,601
-
-
-
-
-
-
2
-
699
-
-
701
60
240
(238)
-
-
62
63
-
-
-
-
63
420
2,859
(1,588)
-
(1,617)
74
7,540
10,261
(7,459)
-
(5,958)
4,384
1,622
4,056
(2,797)
-
(2,349)
532
-
2,537
(44,742)
-
49,889
7,684
21,474
30,000
(6,120)
-
-
45,354
8,613
-
(2,450)
-
-
6,163
666
11,488
(6,311)
-
(5,459)
384
6,391
31,665
(9,290)
-
(20,406)
8,360
400
249
(400)
-
(25)
224
17,500
17,500
(35,000)
-
-
-
3
-
-
-
-
3
60
3,951
(1,812)
-
(2,188)
11
-
2,000
(2,000)
-
-
-
104
1,654
(814)
-
(924)
20
9
-
-
-
-
9
42
8,900
(9,400)
-
500
42
1,274
10,831
(17,471)
-
15,406
10,040
2,159
-
(2,628)
-
469
-
49
1,427
-
-
(143)
1,333
4,065
-
-
-
-
4,065
212
3,693
(1,794)
-
(2,064)
47
41
-
-
-
-
41
17,627
-
(9,485)
-
-
8,142
57
3,650
-
-
(1,854)
1,853
30,000
11,675
(31,464)
-
(7,637)
2,574
1
14,086
(14,086)
-
-
1
7,748
30,000
(22,445)
-
(3,750)
11,553
1,065
11,501
(9,174)
-
(1,046)
2,346
14,294
52,440
(88,830)
-
25,054
2,958
1,948
1,223
(208)
-
(643)
2,320
115
-
(115)
-
-
-
3,704
6,474
(3,107)
-
(3,593)
3,478
-
238
-
-
(24)
214
230
38,750
(41,798)
-
5,049
2,231
20,790
-
-
-
(20,790)
-
1
7,960
(23,702)
-
15,741
-
182,326 1,033,249 (1,002,260)
-
4,026
217,341|
|---|---|---|
||||
Page 22
**DORSET COMMUNITY FOUNDATION**
**NOTES TO THE FINANCIAL STATEMENTS - CONTINUED For The Year Ended 31 March 2024**
## **18. MOVEMENT IN FUNDS – Continued**
|**MOVEMENT IN FUNDS – Continued**||
|---|---|
|
**Endowment funds**
Bournemouth & Poole Arts Prize Fund
Bournemouth & Poole College Foundation Fund
Bournemouth Communities Fund
Collins Fund
Dorset Communities Endowment Fund
Dorset County Council Educational Trusts
Dorset Educ Trusts Fund for Children & Young People
Dorset Performing Arts Fund
Graham Burrough Fund
Hamptons Fund
Joy and Lance Collier Fund
Kitson and Trotman Fund
Marjorie Gordon Fund
Poole Communities Fund
Salisbury Diocese Fund Social Welfare
Samuels Fund
Tall Ships Fund
The Toby’s of Shaftesbury Fund
**TOTAL FUNDS**|At 1/4/23
Incoming
resources
Resources
expended
Gains and
losses
Transfers
in funds
At 31/3/24
£
£
£
£
£
£
239,357
-
-
21,658
(6,000)
255,015
228,603
162
-
15,261
-
244,026
293,133
207
-
19,589
-
312,929
67,172
50
-
5,310
-
72,532
98,316
65
-
6,818
-
105,199
335,647
-
-
30,382
-
366,029
140,282
103
-
9,392
-
149,777
92,229
47
-
5,216
(51,238)
46,254
395,587
281
-
26,424
-
422,292
1,331,627
160,405
-
67,999
(41,322)
1,518,709
129,245
-
-
11,699
-
140,944
59,763
7,285
-
4,221
(361)
70,908
372,492
232
-
24,194
(22,500)
374,418
127,608
92
-
8,610
-
136,310
119,398
-
-
10,808
-
130,206
502,156
7,753
-
28,194
(251)
537,852
42,190
30
-
2,821
-
45,041
222,692
157
-
14,868
-
237,717|
||4,797,497
176,869
-
313,464(121,672)
5,166,158|
||5,117,2451,504,924(1,267,056)
313,464
-
5,668,577|
Page 23
**DORSET COMMUNITY FOUNDATION**
**NOTES TO THE FINANCIAL STATEMENTS - CONTINUED For The Year Ended 31 March 2024**
## **18. MOVEMENT IN FUNDS – COMPARATIVE NOTE 2023**
|**MOVEMENT IN FUNDS – COMPARATIVE NOTE 2023**|||||||
|---|---|---|---|---|---|---|
|||Incoming|Resources|Gains and
|Transfers||
||At 1/4/22|resources|expended|losses|in funds|At 31/3/23|
|**Unrestricted funds**|£|£|£|£|£|£|
|General fund|65,518|75,810|(211,943)|-|137,301|66,686|
|Development Fund – Designated Reserves|-|10,000|(14,264)|-|75,000|70,736|
||65,518|85,810|(226,207)|-|212,301|137,422|
|**Restricted funds**|||||||
|ACE Let's Create Jubilee Fund|-|(1,400)|1,400|
-|-|-|
|BCP Council Fund|-|312,000|(312,000)|
-|-|-|
|BCP Homelessness Action Collaborative Fund|4,479|4,819|(4,252)|
-|(482)|4,564|
|Bournemouth & Poole Arts Prize - Exp Fund|2,815|7,383|(7,750)|
-|(2,448)|-|
|Bournemouth & Poole College Foundation Fund|771|6,166|(2,339)|
-|(3,739)|859|
|Bournemouth Communities - Expenditure Fund|(72)|7,909|(2,977)|
-|(4,365)|495|
|Communities in Crisis Fund|-|17,672|(17,672)|
-|-|-|
|Collins Fund|227|1,884|(1,024)|
-|(1,079)|8|
|Corton Hill Fund|625|103,000|(85,074)|
-|(12,500)|6,051|
|David and Quinta Woodward Family Fund|9,440|-|(9,440)|
-|-|-|
|DCF Bursary Scheme 16 to 21 years|284|25,000|(22,075)|
-|(3,207)|2|
|DCF Team Fund|120|240|(300)|
-|-|60|
|Designs for Humanity|-|10,000|(9,000)|
-|(1,000)|-|
|Dorset Chamber Life Skills Fund|63|-|-|
-|-|63|
|Dorset Communities Expenditure Fund|82|2,689|(889)|
-|(1,462)|420|
|Dorset County Council Educational Trusts Fund|20,085|10,272|(16,299)|
-|(6,518)|7,540|
|Dorset Educ Trust Fund for Children and Young People Fund|452|3,786|(527)|
-|(2,089)|1,622|
|Dorset Performing Arts Fund|2,630|3,709|(68,683)|
-|62,344|-|
|Dorset Welcome Fund|2,592|88,983|(70,101)|
-|-|21,474|
|Gladys Watson Fund|10,613|-|(2,000)|
-|-|8,613|
|Graham Burrough Fund|379|10,671|(5,113)|
-|(5,271)|666|
|GVC Fund|-|47,220|(47,220)|
-|-|-|
|Hamptons Fund|-|6,175|(84,409)|
-|84,625|6,391|
|HK Law Fund|771|501|(818)|
-|(54)|400|
|Hunts Food Group Community Fund|-|17,500|-|
-|-|17,500|
|J Jays Fund|2,153|-|(2,150)|
-|-|3|
|Joy and Lance Collier Fund|24|3,955|(1,836)|
-|(2,083)|60|
|Kitson and Trotman Fund|8|2,214|(1,139)|
-|(979)|104|
|Lester Aldridge Fund|-|9|-|
-|-|9|
|Lord Lieutenant’s Fund|12,242|-|(15,000)|
-|2,800|42|
|Marjorie Gordon Fund - Expenditure Fund|1,071|10,043|(4,014)|
-|(5,826)|1,274|
|Nature Heals Seed Fund|29,531|-|(27,372)|
-|-|2,159|
|Neighbourhood Fund|18|1,558|(1,372)|
-|(155)|49|
|Paul Cornes Fund|4,065|15,000|(15,000)|
-|-|4,065|
|Poole Communities Fund - Expenditure Fund|17|3,454|(1,359)|
-|(1,900)|212|
|Primrose Fund|41|-|-|
-|-|41|
|Richard Timms Fund|17,627|-|-|
-|-|17,627|
|Salisbury Diocese Fund Social Welfare|451|3,654|(2,085)|
-|(1,963)|57|
|Samuels Fund|-|905|-|
-|29,095|30,000|
|Sir George Earle Fund|1|2,763|(2,763)|
-|-|1|
|SWEF|-|50,000|(36,002)|
-|(6,250)|7,748|
|Superior Stem Bursary Fund|-|16,031|(10,735)|
-|(4,231)|1,065|
|Surviving Winter|21,327|104,063|(98,243)|
-|(12,853)|14,294|
|Tall Ships Fund - Expenditure Fund|1,596|1,138|(158)|
-|(628)|1,948|
|Tampon Tax Fund|115|-|-|
-|-|115|
|The Toby’s of Shaftesbury Fund|1,850|6,007|(837)|
-|(3,316)|3,704|
|Wessex Water Community Fund|230|38,750|(38,750)|
-|-|230|
|Wessex Water Community Connectors Fund|-|50,000|(29,210)|
-|-|20,790|
|Wessex Water Environment Fund|-|16,250|(16,249)|
-|-|1|
|Youth Social Action Fund|-|25,393|(25,393)|
-|-|-|
||148,723|1,037,366|(1,098,229)|-|
94,466|182,326|
Page 24
**DORSET COMMUNITY FOUNDATION**
**NOTES TO THE FINANCIAL STATEMENTS - CONTINUED For The Year Ended 31 March 2024**
## **18. MOVEMENT IN FUNDS – Continued**
|**MOVEMENT IN FUNDS – Continued**||
|---|---|
|
**Endowment funds**
Bournemouth & Poole Arts Prize Fund
Bournemouth & Poole College Foundation Fund
Bournemouth Communities Fund
Collins Fund
Dorset Communities Endowment Fund
Dorset County Council Educational Trusts
Dorset Educ Trusts Fund for Children & Young People
Dorset Performing Arts Fund
Graham Burrough Fund
Hamptons Fund
Joy and Lance Collier Fund
Kitson and Trotman Fund
Marjorie Gordon Fund
Poole Communities Fund
Salisbury Diocese Fund Social Welfare
Samuels Fund
Tall Ships Fund
The Toby’s of Shaftesbury Fund
**TOTAL FUNDS**|At 1/4/22
Incoming
resources
Resources
expended
Gains and
losses
Transfers
in funds
At 31/3/23
£
£
£
£
£
£
250,715
-
-
(9,487)
(1,871)
239,357
238,495
109
-
(10,001)
-
228,603
305,815
139
-
(12,821)
-
293,133
68,023
1,995
-
(2,746)
(100)
67,172
102,536
40
-
(4,260)
-
98,316
348,847
-
-
(13,200)
-
335,647
146,360
63
-
(6,141)
-
140,282
166,178
15
-
(9,746)
(64,218)
92,229
412,710
187
-
(17,310)
-
395,587
1,440,000
60,483
-
9,392 (178,248)
1,331,627
134,328
-
-
(5,083)
-
129,245
62,381
14
-
(2,632)
-
59,763
388,596
185
-
(16,289)
-
372,492
133,126
56
-
(5,574)
-
127,608
124,094
-
-
(4,696)
-
119,398
-
564,486
-
-
(62,330)
502,156
44,017
20
-
(1,847)
-
42,190
232,330
106
-
(9,744)
-
222,692|
||4,598,551
627,898
-(122,185) (306,767)
4,797,497|
||4,812,792 1,751,074(1,324,436) (122,185)
-
5,117,245|
Page 25
**DORSET COMMUNITY FOUNDATION**
**NOTES TO THE FINANCIAL STATEMENTS - CONTINUED For The Year Ended 31 March 2024**
## **18. MOVEMENT IN FUNDS – continued**
## **The Surviving Winter Appeal**
The fundraising proceeds of the Appeal combat fuel poverty and isolation for our older residents by making grants of £200 to individual households identified by working through agencies on the ground in Dorset such as Citizens Advice in Dorset.
## **Marjorie Gordon Fund**
An expendable endowment fund, established in April 2003 from a bequest to the Foundation from Miss Marjorie Gordon, for the benefit of academic achievement amongst young people to enable more children to go to University or further education.
## **Dorset Education Trust for Children & Young People**
An expendable endowment fund set up by Dorset County Council. Income arising from the endowment is to be spent on supporting children and young people in education via the DCF Bursary Programme.
## **Dorset Communities Fund**
An expendable endowment fund, which accepts voluntary donations, with the aim of providing long-term sustainable support to develop and strengthen the work of Dorset based charities and community groups. The income of the fund will only be spent on Dorset specific organisations or community issues via the Neighbourhood Grants Programme.
## **Bournemouth Communities Fund (formerly called the Bournemouth Bicentenary Fund)**
An expendable endowment fund, which accepts voluntary donations, with the aim of providing long-term sustainable support to develop and strengthen the work of Bournemouth based charities and community groups. The income of the fund will only be spent on Bournemouth specific organisations or community issues via the Neighbourhood Grants Programme.
## **Poole Communities Fund**
An expendable endowment fund, which accepts voluntary donations, with the aim of providing long-term sustainable support to develop and strengthen the work of Poole based charities and community groups. The income of the fund will only be spent on Poole specific organisations or community issues via the Neighbourhood Grants Programme.
## **Tall Ships Fund**
An expendable endowment fund, which was set up in 2011 by a private donor who donated £15,000. This donation received matched funding of £15,000 under the Grassroots Endowment Challenge. The purpose of the fund is to provide an annual grant assisting disadvantaged young people living in Dorset via the Tall Ship Pelican's Sail Training scheme.
## **Bournemouth & Poole College Foundation Fund**
An expendable endowment fund, which accepts voluntary donations, with the aim of providing long-term sustainable support for students attending Bournemouth & Poole College. The income from the fund can only be used for the benefit of the students to support their further education at the College and is delivered via the DCF Bursary Programme.
## **Bournemouth & Poole Arts Prize Fund**
An endowment fund, which was established in March 2013 with funds from the sale of some of their Art Collection. The income from the fund is used to support the costs of the Annual Arts Prizes including the DCF Community Arts Prize.
## **DCF Bursary Scheme 16 to 21 years**
The Dorset Bursary Scheme collects income from designated endowment funds and distributes this via the DCF Bursary Programme. Bursaries are available for students between the ages of 16-21 years who wish to study a vocational college course. The fund supports costs towards transport, study trips and special equipment & clothing.
## **Neighbourhood Fund**
The fund collects income from designated endowments and distributes this via the Neighbourhood Grants Programme with the aim of providing long-term sustainable support to charities and community groups supporting people in Dorset.
## **Salisbury Diocese Fund Social Welfare**
An endowment fund established to support groups working to improve communities and the lives of people living in them across the part of Dorset contained in the Diocese of Salisbury, that is the Archdeaconries of Sherborne and Dorset. There is a particular focus on those areas experiencing the greatest deprivation and those areas identified by the Diocese as requiring more assistance and is distributed via the Neighbourhood Grants Programme.
## **Superior Stem Bursary Fund**
The fund is supported each year by Superior Seals Ltd, a Dorset technology/engineering business that offers an apprenticeship scheme. They offer bursaries of up to £1,500 to students age 16-21 in financial or other disadvantage, who are studying STEM subjects (Science, Technology, Engineering, Mathematics).
## **Lord Lieutenant’s Fund for Young and Talented**
The purpose is to award grants to young people age 14-21 with an exceptional and recognised sporting talent who are disadvantaged due to financial or personal circumstances. The grants will help them to pursue their ambitions by helping with various costs.
Page 26
**DORSET COMMUNITY FOUNDATION**
**NOTES TO THE FINANCIAL STATEMENTS - CONTINUED For The Year Ended 31 March 2024**
## **18. MOVEMENT IN FUNDS – continued**
## **Dorset County Council Educational Trusts Fund**
The DCC Educational Trusts were transferred to Dorset Community Foundation, to be kept as an endowment fund. The income funds young people in education via the DCF Bursary Programme.
## **The Joy and Lance Collier Fund**
An endowment fund created with a legacy which distributes funding to community groups working in one of four priority areas, which will change on a rolling basis every year. Causes dear to Joy & Lance Collier: Education and raising aspirations in young people; Physical disability with a priority to people who are visually impaired or hard of hearing; Village and rural communities; Conservation. Grants are agreed with Joy and Lance’s family.
## **The Toby’s of Shaftesbury Fund**
This Endowed Fund for young people in Shaftesbury was created by the transfer of a Charitable Trust of the same name to the Foundation. The objects remain to support young people’s activities in the Shaftesbury area.
## **Collins Fund**
The Collins Fund was set up by David & Tracy Collins with a transfer from their existing family charitable trust. Grants from the fund will be dispersed through the Neighbourhood Funding programme.
## **Kitson and Trotman Fund**
Kitson & Trotman donate unclaimed client balances to an endowment fund where the interest supports community projects in West Dorset via the foundation’s Neighbourhood funding programme.
## **Graham Burrough Fund**
The Graham Burrough Fund was set up via a trust transfer from a closing down charitable trust which has supported over 100 groups in the last 18 years. The Fund for Mental Health will support local groups working with people with mental health issues through the provision of grants.
## **Wessex Water Fund**
We are working together with Wessex Water through the newly established Wessex Water Community Fund. The fund will award grants to organisations supporting community cohesion. Grants available will be of up to £1,500.
## **HK Law Fund**
We are delighted to be working with a leading Dorset and Somerset law firm Humphries Kirk who have partnered with the Foundation to utilise unclaimed client balances to benefit local charitable causes. Grants from the corporate fund will be given out through the Neighbourhood Funding Programme which addresses issues affecting local communities.
## **Dorset Performing Arts Fund**
The Dorset Performing Arts Fund will support artists, groups and projects in the creation and delivery of the performing arts in East Dorset, West Dorset, North Dorset, Purbeck and Weymouth & Portland. We have set up and now manage the fund on behalf of a Dorset resident who wishes to remain anonymous.
## **Tampon Tax Fund**
This funding programme, which is accessed via UKCF, is allocating funds generated from the VAT on sanitary products to projects that improve the lives of disadvantaged women and girls. The Tampon Tax Community Fund aims to support local organisations working with women who are most marginalised to overcome barriers that prevent them from fulfilling their potential.
## **BCP Homelessness Action Collaborative Fund**
The BCP Homelessness Action Collaborative is a CIO that has been formed by a partnership of 20 agencies, faith groups and charities that have come together to create new opportunities to bring help to people on the street locally. Their Change for Good initiative encourages local people to donate money to help homeless people. The funds raised are held by Dorset Community Foundation in the BCP Homelessness Action Collaborative Fund, and will be used to deliver funding programme/s that will benefit local organisations that help people off the streets and into accommodation.
## **Sir George Earle Fund**
The Sir George Earl Fund is a Trust Transfer to UKCF. DCF are the lead Foundation for distributing grants from the Sir George Earl Fund, for the South region. Grants given are intended to fund items of equipment or adaptations to the homes of current and former employees of Blue Circle in the UK and Lafarge UK, their relatives, spouse, partner or dependents, in cases of financial hardship.
## **Gladys Watson Fund**
The Fund established by Stephen & Ingrid Uden and named after Stephen’s grandmother Gladys has been set up to enable young people from disadvantaged backgrounds to reach their full potential.
Page 27
**DORSET COMMUNITY FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED For The Year Ended 31 March 2024**
## **Dorset Chamber Life Skills Fund**
Donor Advised Fund using flow-through funds to award grants to local individuals and voluntary groups, aiming to improve the life chances of looked after children and care leavers, helping them to reach their full potential.
## **Designs for Humanity**
Donor Advised Fund established by local artist and business man Stuart Semple, using flow-through funds raised from arts initiatives to support local individuals and families in need due to financial hardship, social issues and disadvantage. Initially, funds raised from arts and crafts hampers on sale via Culture Hustle website will be used to award grants to voluntary groups supporting families facing food poverty during the Christmas season.
## **Corton Hill Fund**
Donor Advised Fund established by a local family using flow-through funds to award grants supporting Dorset voluntary groups benefitting an area within a 20 mile radius of their home in South Somerset. The area of benefit includes Shaftesbury, Gillingham, Sturminster, Sherborne, Blandford, Beaminster and Cerne Abbas, and the fundholders have a particular interest in supporting disadvantaged children and young people, older people who may be suffering from loneliness and isolation, sports activities providing community benefit and conservation projects involving local communities.
## **The Paul Cornes Fund**
The fund supports projects which address disadvantage and create opportunities, improving the lives of people across Dorset.
## **BCP Council Fund**
The fund supports projects which address disadvantage linked to food poverty improving the lives of people across Bournemouth Christchurch and Poole in light of the Covid pandemic.
## **David and Quinta Woodward Fund**
The David and Quinta Woodward Family Fund will focus on supporting the existing DCF Bursary scheme helping disadvantaged young people to acquire practical skills improving their employment prospects. The Fund will also support the homeless particularly projects which seek to transition the homeless into accommodation and rebuilding their lives.
## **Made by Sport Fund**
The aim of the fund is to award grants to small voluntary sector organisations and sports clubs delivering Sport for Development, who have been adversely affected by the Covid-19 pandemic, either operationally or financially, and which require funding to save, resume or adapt their activity. Grants must benefit children and young people age 5 – 25.
## **Wessex Water Environment Fund**
The fund awards grants to charitable and community activities which aim to strengthen communities by addressing local needs and issues, and improve the lives of local people, especially those who are in the most need of support
## **The Vivien Helen Barnard Fund**
The family of late Dorset resident Vivien Helen Barnard wanted to use her estate to benefit grass roots groups and charities across the county.
## **Nature Heals Seed Fund**
In partnership with Dorset High Sheriff, Sibyl Fine King, the fund offers small grants to community groups using the benefits of the natural world to improve the lives of local people.
## **Dorset Welcome Fund**
The fund provides a single point for collection of donations from individuals, families, businesses, charitable trusts and other organisations wishing to support refugees in the county.
## **ACE Lets create Jubilee Fund**
The fund supports voluntary and community groups by developing new creative and cultural activities as part of the Queen’s Platinum Jubilee celebrations in June 2023. The fund was created by Arts Council England (ACE) with funds from the National Lottery.
## **DCF Team Fund**
The DCF Staff Team fund was set up to give DCF executive team the ability to pool their personal donations and support various grant-making programmes.
## **J Jays Fund**
As part of Dorset Community Foundation’s Neighbourhood Fund, the John Jay’s Fund was established after the closure of the John Jay’s charity and the transfer of its remaining funds to Dorset Community Foundation. The John Jay’s Fund supported a number of local charities and community groups that addressed issues in line with the charity’s original interests and purpose.
## **Richard Timms Fund**
The Richard Timms Fund was created to support conservation and environmental projects with a particular focus in and around Poole.
## **Talbot Village Trust Fund**
The Talbot Village Trust Fund was set up following a donation from the trust and its supported our Living Legacy Fund.
Page 28
**DORSET COMMUNITY FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED For The Year Ended 31 March 2024**
## **Kaye Family Fund**
The Kaye Family fund supports the work of Dorset Community Foundation
## **Hamptons Fund**
The Hamptons Fund was created with a legacy and will support various DCF Funding programmes with a particular focus on Christchurch and east Dorset.
## **GVC Fund**
Supporting local community groups offering sports or other healthy activities for adults, with a particular interest in activities supporting men's health.
## **SWEF**
The SWEF enterprise and business fund awards grants of up to £2,000 to young people in Dorset who need support with business start up costs that they would otherwise not be able to afford, and particularly those who are not in education, employment or training.
## **Samuels Fund**
A couple who fell in love with Dorset set up a charitable fund to support communities there after their death.
It will fund grants for grass roots charities and community groups tackling poverty and disadvantage caused by age, illness, disability or isolation, with priority given to people with cancer, associated conditions or life-limiting illnesses.
## **Communities in Crisis Fund**
The current cost of living crisis has already had a widespread and detrimental effect to communities across the UK. In order to address this, an emergency fund has been launched which aims to support Dorset communities struggling with the cost of living
## **Wessex Water Community Connectors Fund**
The aim of this Fund is to support new projects in Bridport throughout 2024 and 2024 to co-produce solutions to the issues identified as important to local people and Wessex Water.
## **Hunts Food Group Community Fund**
The Hunt’s Food Group Community Fund will build on the company’s longstanding commitment to supporting communities and charities and is guided by three strategic themes – relieving poverty and disadvantage, improving mental health and wellbeing and investing in the next generation.
## **Amateurs Trust Fund**
The Amateur Trust are working with us to contribute to the Neighbourhood Grants Programme with the aim of providing longterm sustainable support to charities and community groups supporting people in Dorset.
## **Transfers between funds**
An amount of £51,238 was transferred between the Dorset Performing Arts endowment and revenue funds, this was for the purpose of grant making from the fund.
An amount of £6,000 was transferred between the Bournemouth & Poole Arts Prize Fund endowment and revenue funds, this was for the purpose of grant making from the fund.
A transfer of £22,500 was made from the Marjorie Gordon endowment fund, this was made to the revenue fund for Bursary Grant Making.
A transfer of £33,750 was made from the Hamptons Fund, this was made to the Surviving Winter fund for Grant Making.
A transfer of £20,790 was made from the Wessex Water Community Connectors Fund, this was made to Wessex Water Community Fund and Environment Fund, this was to spend the balance on the fund in related areas for Grant Making.
A transfer of £500 was made from the Corton Hill Fund to the Lord Lieutenant’s Fund for Young and Talented for grant making.
## **19. CONTROLLING PARTY**
The charity is jointly controlled by the Trustees.
## **20. RELATED PARTY TRANSACTIONS**
Donations received from Trustees during the year totalled £500 (2023: £25,098)
## **21. CASH AND CASH EQUIVALENTS**
Cash held in expendable endowment funds to be invested amounted to £NIL (2023: NIL) as at 31 March 2024.
Page 29
**DORSET COMMUNITY FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED For The Year Ended 31 March 2024**
## **22. FINANCIAL INSTRUMENTS**
|**FINANCIAL INSTRUMENTS**|||
|---|---|---|
||2024|2023|
||£|£|
|Financial assets that are measured at fair value through net income / (expenditure)|||
|comprise the following:/|||
|Fixed asset listed investments|4,359,878|3,067,512|
|Financial assets that are debt instruments measured at amortised cost comprise the|||
|following:|||
|Other debtors|261,839|9,199|
|Prepayments|4,379|3,465|
|Total|266,218|12,664|
|Financial liabilities measured at amortised cost comprise the following:|||
|Other creditors|3,173|1,679|
|Grants committed unpaid|18,940|33,170|
|Social security and other taxes|4,482|3,974|
|Accruals and deferred income|912,626|11,737|
|Total|939,221|50,560|
## **23. PENSIONS AND OTHER POST RETIREMENT BENEFITS**
The charity operates a defined contribution pension plan for its employees. The amount recognised as an expense in the period was £3,344 (2023: £2,789).
Page 30