2023-03-31-accounts - One Community Foundation Limited

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Reference and Administrative	Reference and Administrative	1 to 2
Chairman's Report
Trustees' Report		4to 11
Statement ofFinancial	Activities	12to 13
Balance Sheet		14
Statement ofCash Flows		15
Notes to the Financial	Statements	16to 36
Independent Auditors'	Report	37to 41

				Reference and Administrative	Reference and Administrative	Reference and Administrative	Reference and Administrative	Reference and Administrative
Trustees				IH Brierley, Chairman
				SirJA Harman
				EArcher-Firth
				JR Charleswoith
				JP Garside
				JH Thornton
				JW Bell
				N TTaylor
				BSykes
				M Peacock
				A Raw
				Q Mahmood
Company	Registration		Number	7100811
Charity Registration		Number		1135258
Solicitors:				Chadwick Lawrence LLP
				13Railway Street
				Huddersfield
				West Yorkshire
				HD1 1JS
Auditor				Lambert Roper &Horsfield				Limited
				Chartered Accountant		and		Auditor
				First Floor
				Rosemount House
				Huddersfield Road
				Elland
				West Yorkshire
				HX5 OEE
Financial	Advisers			Robertson Baxter Limited
				The Mill, 150Penistone			Road
				Shelley
				Huddersfield
				HD8 8JQ
Fund Managers				CCLA Investment	Management
				Senator House
				85 Queen Victoria	Street
				London
				EC4V 4ET
Principal	Office			c/o Chadwick Lawrence			LLP
				13Railway Street
				Huddersfield
				West Yorkshire
				HD1 1JS

this is d	ue to ad	ditional gra	nts this	year with funds being	distributed in relation to t	he Household Fund.
Year	Number	ofGrants	Value	ofRegular Grants	Capital Appreciation Drawdown	Total Value ofGrants Awarded
2017/18		174		K172,062	f30,707	f202,768
2018/19		206		f317,071	f30,707	f347,778
2019/20		251		K293,083	f.13,329	f306,412
2020/21		462		K1,156,335	K8,541	K1,164,876
2021/22		249		6685,577	f.19,760	6705,337
2022/23		321		K1,027,269	f63,889	X1,091,158

			Unrestricted	Restricted	Endowment	Total	Total
			funds	funds	funds	2023	2022
		Note
Income and Endowments		from:
Donations and legacies		3	57,335	826,442	25,199	908,976	410,018
Charitable activities		4	133,601			133,601	81,766
Investment income		5		121,555		121,555	121,745
Total Income			190,936	947,997	25,199	1,164,132	613,529
Expenditure on:
Raising funds			(30,783)	(122,960)	(10,641)	(164,384)	(110,800)
Charitable activities			(127,756)	(1,092,258)		(1,220,014)	(829,894)
Other expenditure			(124)			(124)	(213)
Total Expenditure			(158,663)	(1,215,218)	(10,641)	(1,384,522)	(940,907)
Gains/losses on investment
assets				(78,131)	(108,015)	(186,146)	313,270
Net income/(expenditure)			32,273	(345,352)	(93,457)	(406,536)	(14,108)
Transfers between	funds		(6,218)	(1,201)	7,419
Net movement in funds			26,055	(346,553)	(86,038)	(406,536)	(14,108)
Reconciliation of	funds
Total funds brought
forward			165,813	2,071,644	2,181,822	4,419,279	4,433,387
Total funds carried	forward	20	191,868	1,725,091	2,095,784	4,012,743	4,419,279

						Total
			Unrestricted	Restricted	Endowment	2022
		Note
Income and Endowments		from:
Donations and legacies		3	72,496	323,813	13,709	410,018
Other trading activities		4	81,766			81,766
Investment income		5		121,745		121,745
Total Income			154,262	445,558	13,709	613,529
Expenditure on:
Raising funds			(30,038)	(69,109)	(11,653)	(110,800)
Charitable activities			(124,557)	(705,337)		(829,894)
Other expenditure			(213)			(213)
Total Expenditure			(154,808)	(774,446)	(11,653)	(940,907)
Gains/losses on investment
assets				135,049	178,221	313,270
Net (expenditure)/income			(546)	(193,839)	180,277	(14,108)
Transfers between	funds		(798)	17,698	(16,900)
Net movement in funds			(1,344)	(176,141)	163,377	(14,108)
Reconciliation of	funds
Total funds brought	forward		167,157	2,247,785	2,018,445	4,433,387
Total funds carried	forward	20	165,813	2,071,644	2,181,822	4,419,279

						2023	2022
					Note
Fixed assets
Tangible assets					15		124
Investments					16	3,405,971	3,738,992
						3,405,971	3,739,116
Current assets
Debtors					17	62,851	75,998
Cash at bank		and in hand			18	596,038	711,814
						658,889	787,812
Creditors:	Amounts		falling due within	one year	19	(52,117)	(107,649)
Net current		assets				606,772	680,163
Net assets						4,012,743	4,419,279
Funds ofthe		charity:
Endowment						2,095,784	2,181,822
Restricted	income funds
Restricted					20	1,725,091	2,071,644
Unrestricted		income	funds
Unrestricted						191,868	165,813
Total funds					20	4,012,743	4,419,279

						2023	2022
					Note
Cash flows from operating		activities
Net cash expenditure						(406,536)	(14,108)
Adjustments to cash flows	from non-cash		items
Depreciation					6, 8	124	214
Investment income					5	(121,555)	(121,745)
Revaluation ofinvestments						186,146	(313,269)
						(341,821)	(448,908)
Working capital adjustments
Decrease in debtors					17	13,147	144,724
Decrease in creditors					19	(55,531)	(98,875)
Net cash flows from operating		activities				(384,205)	(403,059)
Cash flows from investing	activities
Interest receivable and similar		income			5	11,123	9,154
Purchase ofinvestments					16	(50,167)	(5,558)
Sale ofinvestments						197,041	364,315
Income Rom investing activities						110,432	112,591
Net cash flows f'rom investing		activities				268,429	480,502
Net (decrease)/increase in cash and cash equivalents						(115,776)	77,443
Cash and cash equivalents at		1 April				711,814	634,371
Cash and cash equivalents at		31March				596,038	711,814
Reconciliation ofnet cash	flow to movement			in net funds
Increase/(decrease) in cash						115,776	(77,443)
Net funds at 1 April 2022						711,814	634,371
Net funds at 31March 2023						596,038	711,814

	Unrestricted		Endowment
	funds	Restricted	funds	Total
	General	funds	Permanent	funds
Donations and legacies;
Donations and gifts	34,825	83,188	25,199	143,212
Grants		743,254		743,254
Subscriptions	3,250			3,250
Donated services and facilities	19,260			19,260
Total for 2023	57,335	826,442	25,199	908,976
Total for 2022	72,496	323,813	13,709	410,018

				Unrestricted
				funds	Total
				General	funds
Fund management		charges		133,601	133,601
Total for 2023				133,601	133,601
Total for 2022				81,766	81,766
5 Investment	income
				Restricted	Total
				funds	funds
Interest receivable		and similar income;
Interest receivable			on bank deposits	11,123	11,123
Other income &om			fixed asset investments	110,432	110,432
Total for 2023				121,555	121,555
Total for 2022				121,745	121,745

			Unrestricted
			funds	Total
			General	funds
		Note
Staff costs			24,014	24,014
Allocated	support costs		6,769	6,769
Total for 2023			30,783	30,783
Total for 2022			30,038	30,038

					Endowment
				Restricted	funds	Total
				funds	Permanent	funds
			Note
Other investment	management	costs;
Other portfolio	management	costs		122,960	10,641	133,601
Total for 2023				122,960	10,641	133,601
Total for 2022				69,109	11,653	80,762

		Unrestricted
		funds	Restricted	Total
		General	funds	funds
	Note
Fund expenditure			1,100	1,100
Grant funding ofactivities			1,091,158	1,091,158
Staff costs		96,057		96,057
Allocated support costs		27,067		27,067
Governance costs		4,632		4,632
Total for 2023		127,756	1,092,258	1,220,014
Total for 2022		124,557	705,337	829,894

				Unrestricted
				funds	Total
				General	funds
			Note
Depreciation,	amortisation	and other similar costs		124		124
Total for 2023				124		124
Total for 2022				213		213

		Unrestricted
		funds	Total
		General	funds
	Basis ofallocation
Premises expenses	20%	1,322	1,322
Office expenses	20%	2,848	2,848
Training and travel	20%	208	208
Accountancy	20%	772	772
Payroll and bookkeeping	20%	580	580
Professional fees	20%	1,000	1,000
Bank charges	20%	37	37
Total for 2023		6,767	6,767
Total for 2022		8,003	8,003

Charitable activities expenditure
		Unrestricted
		funds	Total
		General	funds
	Basis ofallocation
Premises expenses	80%	5,287	5,287
Office expenses	80%	11,390	11,390
Training and travel	80%	833	833
Payroll and bookkeeping	80%	2,320	2,320
Professional fees	80%	4,000	4,000
Bank charges	80%	149	149
Accountancy	80%	3,088	3,088
Total for 2023		27,067	27,067
Total for 2022		32,010	32,010

		Unrestricted
		funds	Total
		General	funds
Audit fees
Audit ofthe financial	statements	4,632	4,632
Total for 2023		4,632	4,632
Total for 2022		4,410	4,410

Analysis ofgrants
	Grants to	institutions
	2023	2022
Analysis
Grants	1,091,158	705,337


Fund				Grant Paid f,
			2022	2022
The John LBrierley Fund			3,778	3,550
The Charlesworth Fund			7,250	13,175
The Davy Fund			3,548	4,200
The Deighton and Brackenhall		Fund	4,600	3,400
The General Funds			20,989	12,855
Bright Green Community	Trust	Fund	23,852	25,670
The Westerman Fund			1,235	4,700
The Hazel Charlesworth	Fund		900	4,500
The Longley Farm Fund			12,738	4,400
Surviving Winter				7,638
The Stephen Wood Fund			1,898	5,500
The Kirklees Police Fund			2,179	2,145
The Kirklees Fund			24,480	19,679
Jimmy Dickinson Fund			12,744	13,636
The Hirst Brierley Fund			12,925	5,333
The Thornton Family Fund			143,472	133,124
Collective Power Fund			5,594	4,670
Piwill			67,447	(8,356)
Let June Make a Difference				53,282
Coronavirus Emergency	Fund			31,653
Match It			70,343	3,000
DCMS Comunity Match	Challange			3,524
Made by Sport				41,546
Household Fund			470,926	90,000
Local Care Direct				137,198
Heckmondwike Fund for	the Needy Sick		2,090	3,300
GVC				44,550
ACE Let's Create				37,465
WYCA Mayor's Crisis			160,740
Heckmondwike Women's	Patriotic Guild		430
Thornton EcRoss Anti Knife Crime			32,500
Parish Fund			4,500

11 Net incoming/outgoing resources Net outgoing resources for the year include:
	2023	2022
Audit fees	4,632	4,410
Depreciation offixed assets	124	213

		2023	2022
Staff costs during	the year were:
Wages and salaries		111,087	103,475
Social security costs		6,879	4,588
Pension costs		2,105	2,109
		120,071	110,172

2023		2022
No		No
	4

15 Tangible fixed assets
	Computer
	equipment
Cost
At 1 April 2022	1,640
At 31 March 2023	1,640
Depreciation
At 1 April 2022	1,516
Charge for the year	124
At 31March 2023	1,640
Net book value
At 31 March 2023
At 31 March 2022	124

Investments
			Listed	Unlisted
			investments	investments		Total
Market Value
At 1 April 2022			3,706,790		32,200	3,738,990
Revaluation			(186,145)			(186,145)
Additions			50,167			50,167
Disposals			(195,441)		(1,600)	(197,041)
At 31March 2023			3,375,371		30,600	3,405,971
Net book value
At 31 March 2023			3,375,371		30,600	3,405,971
At 31March 2022			3,706,790		32,200	3,738,990
17 Debtors
				2023		2022
Prepayments				1,373		369
Accrued income				61,478		75,629
				62,851		75,998
18 Cash and cash equivalents
				2023		2022
Cash on hand					51	51
Cash at bank				595,984		711,760
Short-term deposits					3	3
				596,038		711,814
19 Creditors: amounts	falling due within	one year
				2023		2022
Other taxation and social	security			5,000		5,419
Accruals				47,	117	102,230
				52,	117	107,649

20 Funds
	Balance at				Other	Balance at
	1April	Incoming	Resources		recognised	31March
	2022	resources	expended	Transfers	gains/(losses)	2023
Unrestricted
General
General Fund	165,813	190,936	(158,663)	(6,218)		191,868
Restricted
The John LBrierley
Limited Grassroots
Grant Fund	1,213	2,162	(2,049)			1,326
The Charlesworth
Community First
Grant Fund	49,913	10,947	(11,856)	(29,469)		19,535
The Davy Grassroots
Grant Fund	3,441	4,489	(3,548)			4,382
The Deighton and
Brackenhall
Initiative Grassroots
Grant Fund	5,819	4,640	(4,600)			5,859
The General
Grassroots Grant
Fund	40,800	22,473	(14,288)	1,981	(1,019)	49,947
The Hazel
Charles worth
Community First
Grant Fund	16,523	3,488	(2,504)			17,507
The John LBrierley
Limited Community
First Grant Fund	3,908	813	(2,104)			2,617
The Longley Farm
Grassroots Grant
Fund	1,581	2,919	(3,041)			1,459
The Westerman
Bequest Grassroots
Grant Fund	1,110	1,419	(1,235)			1,294
The Stephen Wood
Community First
Grant Fund	16,449	3,695	(3,597)			16,547
The Kirklees Police
Community First
Grant Fund	6,634	1,437	(2,840)			5,231
The Midway
Equities Community
First Grant Fund	8,961	1,329	(611)			9,679

	Balance at				Other	Balance at
	1April	Incoming	Resources		recognised	31March
	2022	resources	expended	Transfers	gains/(losses)	2023
The Kirklees
Community
Community First
Grant Fund	74,871	16,650	(30,809)			60,712
General Community
First Grant Fund	8,417	1,829	(8,341)			1,905
Longley Farm
Community First
Grant Fund	11,423	2,595	(10,891)			3,127
Jimmy Dickinson
Fund	118,373	3,474	(14,339)		(6,056)	101,452
Bright Green
Community Trust	23,852	2,460	(24,258)	1,600		3,654
The Thornton
Family Fund	1,138,301	33,193	(153,587)		(58,303)	959,604
The Baxter Family
Fund	1,265	859				2,124
Collective Power
Fund	24,468	593	(5,866)		(1,016)	18,179
¹iwill Fund	5,962	37,470	(74,941)	35,687		4,178
Let June Make a
Difference	56,644			(56,644)
Stanley Inniss Fund	405					405
Match It	191,982	1,593	(72,173)	46,644	(2,841)	165,205
J Charlesworth
Match Funding	5,000			(1,000)		4,000
The Hirst Brierley
Fund	64,282	1,600	(13,659)		(2,730)	49,493
Heckmondwike
Fund for the Needy
Sick	114,917	3,419	(3,662)		(5,708)	108,966
Heckmondwike
Women's Patriotic
Guild	9,487	274	(556)		(458)	8,747
Local Care Direct		75,899	(11,385)			64,514
Made By Sport						2
Household Support
Fund		522,183	(522,183)
Thornton &Ross
Anti Knife Crime	65,641	130	(32,513)			33,258
BeMore Mandy		365	(182)			183
WYCA Cost of
Living Crisis Fund		178,600	(178,600)
Parish Fund		5,000	(5,000)

	Balance at				Other	Balance at
	1April	Incoming	Resources		recognised	31March
	2022	resources	expended	Transfers	gains/(losses)	2023
Total restricted	2,071,644	947,997	(1,215,218)	(1,201)	(78,131)	1,725,091
Endowment
Permanent
The John LBrierley
Limited Grassroots
Fund	71,066		(994)		(3,609)	66,463
The Charlesworth
Community First
Fund	359,767				(18,143)	341,624
The Davy Grassroots
Fund	147,578		(2,064)		(7,495)	138,019
The Deighton and
Br ackenhall
Initiative Grassroots
Fund	152,559		(2,134)		(7,748)	142,677
The General
Grassroots Fund	187,721		(3,059)		(10,072)	174,590
The Hazel
Charlesworth
Community First
Fund	114,676				(5,830)	108,846
The John LBrierley
Limited Community
First Fund	26,694				(1,346)	25,348
The Longley Farm
Grassroots Fund	95,947		(1,342)		(4,873)	89,732
The Westerman
Bequest Grassroots
Fund	46,661		(653)		(2,370)	43,638
The Stephen Wood
Community First
Fund	121,449				(6,148)	115,301
The Kirklees Police
Community First
Fund	47,215				(2,381)	44,834
The Midway
Equities Community
First Fund	43,693				(2,203)	41,490
The Kirklees
Community
Community First
Fund	547,230				(27,597)	519,633
General Community
First Fund	60,119				(3,032)	57,087

	Balance at				Other	Balance at
	1April	Incoming	Resources		recognised	31March
	2022	resources	expended	Transfers	gains/(losses)	2023
The Longley Farm
Community First
Fund	85,286				(4,302)	80,984
Longley Hott Wind
Farm	32,200			(1,600)		30,600
The Baxter Family
Fund	28,252		(395)		(1,435)	26,422
BeMore Mandy	13,709	25,199		9,019	569	48,496
	2,181,822	25,199	(10,641)	7,419	(108,015)	2,095,784
Total funds	4,419,279	1,164,132	(1,384,522)		(186,146)	4,012,743

21 Anal	ysis ofnet assets betw	een funds
		Unrestricted		Endowment
		funds	Restricted	funds	Total funds
Fixed asset investments			1,299,546	2,106,425	3,405,971
Current	assets	218,021	440,868		658,889
Current	liabilities	(26,153)	(15,323)	(10,641)	(52,117)
Total net assets		191,868	1,725,091	2,095,784	4,012,743
		Unrestricted		Endowment	Total funds at
		funds	Restricted	funds	31March
		General	funds	Permanent	2022
Tangible	fixed assets	124			124
Fixed asset investments			1,544,724	2,194,268	3,738,992
Current	assets	187,663	586,440	13,709	787,812
Current	liabilities	(21,974)	(59,520)	(26,155)	(107,649)
Total net assets		165,813	2,071,644	2,181,822	4,419,279