Doeusign Envolope ID.. B9306214-F39C4ADC-A83C-5E3B007A40F5 CHESHIRE COMMUNITY FOUNDATION Trustees, Report and Audited Financial Statements For Cheshire Community Foundation Limited IA company limited by guarantee) For the year ended 31 December 2024 Registered number: 07731278 (England and Wales) Charity number.. 1143711 Docusign Envelope ID.. B9306214-F39C4ADC-A83C-5E3B007A40F5 CHESHIRE COMMUNITY FOUNDATION LIMITED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Page Reference and Administratlve Detalls to 2 Report of the Trustees to 14 Report of the Independent Audltors IS to 17 Statement of Financlal Activitles 18 Balance Sheet 19 Cash Flow Statement 20 Notes to the Cash Flow Statement 21 Notes to the Flnancial Statements 22 to 39 Detalled Statement of Financlal Artlvlties 40 to 41 Docusign Envek)pe ID.. B9306214F39C4ADC-A83C-5E3B007A40FS CHESHIRE COMMUNITY FOUNDATION LIMITED REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDING 31 DECEMBER 2024 The directors of the tharitable company, Cheshire Community Foundation Limited Ithe Foundation), are its Trustees for the purposes of charity law and throughout this report are collectively referred to as the Trustee5. TRUSTEES: Howard Platt D.L. Andrew Butters Sarah Callander Beckett D.L. Jeannie France-Hayhurst Sean Humphrey5 Terry Inns Nicky Owen Jake Ankers David Wootton D.L.. CBE Zoe Sheppard D.L. (appointed l.1.241 Chair to March 2025 Treasurer Chair of Grants Panel Chalr from March 2025 PRESIDENT: Lady Alexis Redmond MBE IH M Lord Lieutenant of Cheshire) EXECUTIVES.. Melanie Sproston, Chief Executive Officer lappointed 1.2.241 Margaret Cheshire, Chief Operatlons Officer (resigned 30. 6.241 Charles Agar COMPANY SECRETARY., REGISTERED OFFICE: CIO The Challenge Academy Trust Bridgewater High School Broomflelds Road Warrington Cheshire WA4 3AE REGISTERED COMPANY NO: 07731278 (England and Walesl REGISTERED CHARITY NO: 1143711 AUDITORS: Murray Smith LLP Chartered Accountants Statutory Auditors Darland House 44 Winnington Hill Northwich Cheshire CW8 IAU BANKERS: Santander Bootle MersÈyside L30 4GB SOLICITORS: Gorvins Solicitors Dale House Tiviot Dale Stockport SKI ITA Doeusign Env8lope ID.. B9306214-F39C4ADC-A83C-5E3B007A40FS CHESHIRE COMMUNITY FOUNDATION UMITED REFERENCE AND ADMINISTRATIVE DETAILS (CONTINUED) FOR THE YEAR ENDING 31 DECEMBER 2024 Investment Managers: CCLA One Angel Lane London EC4 3AB Rathbones Port of Liverpool Building Pler Head Liverpool L3 INW Docuslgn Envelope ID.. B9306214-F39C4ADC-A83C-5E38007A40F5 CHESHIRE COMMUNITY FOUNDATION LIMITED (REGISTERED NUMBER: 07731278) REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustee5 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 December 2024. The trustees have adopted the provisions of Accountin8 and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing theSr accounts in accordance with the Financial Reportln8 Standard applicable in the UK and Republic of Ireland (FRS 1021 leffective l January 20191. INTRODucfioN Cheshire Community Foundation is a trusted advisor to donors, a social impact associate to businesses, a strate8lc partner to other funders and a valuable source of funding to charities. The organisation connects people and organisations who would like to make a difference. with those most in need of our help. We raise funds to support hundreds of amazing local charities and voluntary groups across the whole of Cheshire and Warrington. allowin8 them to tackle poverty and disadvantage, enhance local wellbeing, advance education and strengthen community bond5. Since we were established in 2011, we are proud to have supported projects reaching more than 900,000 beneficiarie5, awardin8 over 2,100 8rants, totalling over £14m, whilst growing our endowment funds from zero to over £7m. Our home 15 an area that has traditionally been perceived as one of the wealthier parts of the Northwest,. however, we know the reality for many 15 very different. By connectin8 people and companies with the m05t effective local charities, we are committed to breaking cycles of deprivation and building more resilient communities. This year, we developed our 2030 Strategy, "Cheshlre 2030: Local Actlon, Lastlng Impact. Our vislon is to create a Cheshire free from disadvantage and inequity, where all of our communitles are empowered to reach thelr potential and lead healthy, happy Ilves. We want local groups in Cheshlre and Warrington to have access to Sustainable, long-term grant funding, focused on addressing local need, empowering marginalised communities and maximising impact. This support is provided through the generosity of local people and businesses with a deep commitment to the area. Whilst 2024 saw us welcome a new CEO in Melanie Sproston, It also saw Margaret Cheshlre step down as Chief Operatlng Offlcer (COO}, after almost five years Sn the role. The Trustee5 wlsh to expre55 their gratitude for her commitment and leadership durlng her tenure. Her oversight of day-to-day operations and support of the team has 518nificantly strengthened the Foundation's capacity to support vital causes across our community. Her contribution will continue to re50nate for years to come. We extend our warmest wishes to Mar8aret Sn her retirement and hope that she will continue to support the organisation on a Consultancy basis, in 2025. HIGHLIGHTS We are delighted to have ralsed £1,955,909 (including £300,515 of match funding) in new donations and been able to award 239 grants, totalllng £2,415,459. We are privlleged to work with fantastic donors who continue to support local charitie5, as well as Cheshire Community Foundation itself, ensurin8 lastin8 PQSitive impact as a result of their generosity. In 2024, we managed a wide range of grants pro8rammes on behalf of our donors and supporters. This included the "Active Future5" programme, representing a three-way partnership between the Office of the Police and Crime Commissioner, Active Cheshire and generous Cheshire Community Foundation donors, which funds activities to prevent serious youth violence and childhood criminal exploitation through the medium of physical activity. Our focu5 Qn a place-based approach continued wlth the launch of our Warrinston Fund, which we have distributed through three grant programmes this year, aimed at reducing loneliness, increasing self-conf5dence and life-skills and building the capacity and sustainability of organisations working in these areas. These pro8rammes were designed based on feedback from the community in how we can be more effective as a grant maker: Docusign Envelope ID.. B9306214439C4ADC-A83C-SE3B007A40F5 CHESHIRE COMMUNITY FOUNDATION LIMITED (REGISTERED NUMBER: 07731278) REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Microgrants of up to £l,000- delivered in partnership with Warrington Voluntary Action. Project Grants of up to £15,000 per year for up to two years. Strategic Funding Grants of up to £30,000 for up to three years. We are incredibly grateful to the Steve Morgan Foundation who has match-funded the project and strategSc grants. Our Small Grants Programme, which offers grants of up to £2,500, in response to a broad range of needs, continues to be an invaluable source of funds for local grassroots organisations. In 2024, with the support of our generous donor5, we were able to award 70 grant5, totalling £158,421. We also launched the SWEF Enterprlse Fund, awarding business grants of up to £2,000 to young entrepreneurs in Cheshire and Warrington, aged between 18-30. In 2024, seven grants were awarded, supporting a diverse range of businesse5 from beauty Services and gardening to photography and clothin8. The Foundation continues to manage grant programmes on behalf of our corporate donors, fosterin8 Impactful collaborations that address local needs.. We are grateful for our longstanding partnership with Bentley Motors, a founding donor slnce 2011. Thelr Advancing Life Chances Fund focu5es ortr supporting 8rassroots charities in Crewe and the surroundlng areas, aiming to improve health and wellbein& education, and employment opportunitles. Our collaboration wlth As5ura, through the Assura Community Fund established in 2019, has been instrumental in enhancing the health of communities surroundin8 their buildings across the UK. To date, we have dlstributed over £2 million on their behalf, supporting projects that reduce health inequallties and improve access to health services. In 2024, EMR's Building Brighter Futures Fund provided over £220,000 to charities and community groups supporting young people near Its sites. This Initiatlve has empowered numerous organisatSons to enrich the live5 of young people through education, employment opportunities, and health and wellbeing support. Encirc, a valued member of our Cheshire IQO Supporters Club since 2021, launched their own grants pro8ramme in 2024, managed by Cheshire Community Foundation. Their commitment to sustainability and communitv engagement has significantly contributed to local inltiatives that align with their core pillars of responsible business.. Prosperity, People, Place, and Planet. Additlonally, the Amelia Knight Seaside Fun Days, funded by the Salmon Foundation, have brought joy and resplte to many, providing memorable experiences for individuals and families in our communitv. We extend our heartfelt thanks to all our corporate partners for their generous support and shared commltment to making a positive impact in Cheshire and Warrlngton. Our Cheshire 100 Supporters Club members, a continually growing network of Individuals and corporates investing in the work CCF does locally, are much appreciated for the fantastic support they provide both f inancially and in kind. In 2024, successful events held at Bolesworth Internation31 Horse Show (kindly sponsored by Rathbonesl and Storyhouse (kindly Sponsored by Baywater Healthcare), strengthened the network and allowed us to share highlights of the year. The year saw the Foundation continue to work in close collaboration with Cheshire West and Chester Council. Cheshire East Council and Warrington Borough Council and we are proud to highlight our partnership with Cheshire West and Chester Council through the Thrlvlng Famllies Programme, which provides essentlal support for families facing chaSlenEes, demonstrating the strength of collaboration in driving meaningful change. We are grateful to all the stakeholders who support Cheshire Community Foundation in maintaining our deep understanding of local needs and priorities. In particular, we appreciate the invaluable contributions from the local infrastructure organisatiolls supporting the voluntary and community Sector in Cheshire and Warrington, and extend our heartfelt thanks to individuals with lived experience and those who generously give their time to serve on our grants panels and impact groups, ensuring we deliver the greatest possible benefit for our communities. Docusign Envelope ID.. B9306214-F39C4ADC-A83C-5E3B007A40F5 CHESHIRE COMMUNITY FOUNDATION LIMITED {RÈGISTERED NUMBER: 077312781 REPORT OF THE TRUSTEES {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 WHAT CHESHIRE COMMUNITY FOUNDATION (CCF) DOES Our vision is to make a tan8ible. positive difference to the most disadvantaged in Cheshire and Warrington by: Being the partner of choice for generous donors seeking an effective vehicle for their charitable giving,. Inspiring local collaborative philanthropy; Providin8 grant funding to the most effective local charities,- and Enabling our donors to feel proud of the difference they have made. Our specialist team therefore connects people who want to give, with Cheshire and Warrington's most effective, grass-roots charities and not-for-profit organisations to help those most in need. Our mission is focused on five key pillars, aligned to the United Nations Sustainable Development Goals ISDGsl'. Tackling poverty and disadvantage - aligned to Sustainable Development Goals: ONE.. No Poverty o TWO., Zero Hunger TEN: Reduced InequalitSes Improving mental health and wellbeing - aligned to Sustainable Development Goal.. THREE= Good health and Wellbeing Enabling stronger, more resilient communlties - aligned to Sustainable Development Goal: ELEVEN.. Sustalnable Cities and Communities Developin8 education, skills. and employment- aligned to Sustainable Developments Goals.. o FOUR.. Quality Education EIGHT: Decent Work and Economic Growth Building awareness of climate change . aligned to Sustainable Development Goals: SEVEN.. Affordable and clean ener8V THIRTEEN.. Climate Action. How we do It". We aim to make givin8 to Charity an enjoyable, uplifting experlence, where our donors individuals, families, corporates, the public sector, charitable trusts and foundations can see how vulnerable lives are chan8ed a5 3 dlrect result of the donations they make. Investin8 wisely in charlties Ss not as easy as it sounds. We are consclous that our donors do not have the time to manage incoming requests for support, pore over charity accounts and business plans, review budget5 and project plans, check governance and make sure that the money awarded is spent as it was intended. We provide the opportunity to outsource the process of needs. research and analysis, due diligence, payment and project monitoring, whilst sharing the project impact, successes and stories of the people helped through the donations made. We advise donors who want to focus their funds on priority areas of need Sn speciflc geographlc areas, within the local community. Equally, if donors are clear on the issues they want to help tackle, we can connect them with effective projects. As a community foundation, we reco8nise the need to support the voluntary sector respond to the "c05t-of-1Sving" challenge5 alongside longer-term strate8ic funding, to enable charities to thrive and achieve measurable and sustainable outcomes. Oocusign Envelope ID.. B9306214-F39C4ADC-A83C-5EgB007A40F5 CHESHIRE COMMUNITY FOUNDATION UMITED (REGISTERED NUMBER: 07731278) REPORTOF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 310ECEMBER 2024 FUNDRAISING In line with our vision, we remain dedicated to raising funds that enable donors to make a tangible difference to the most disadvantaged people living in Cheshire and Warrington. This involves both increasing donations to existing funds and engaging new donors through donor-advised funds, place-based funds, and Trustee-managed funds. Our robust grant-making processes and rigorous due diligence ensure that every pound 15 well spent, creating the greatest possible impact. We also continue to take a long-term approach to grant-making, recognising the importance of strategic investments that address systemic challenges. Looking ahead, we recognise that growing our endowment funds will remain a priority, enabling u5 to expand grant-making capacity and enhance our ability to deliver strategic, long-term support to the voluntary sector for many years to come. This is outlined In our "Cheshire 2030.. Local Action, Lasting Impart" Strategy document. In 2024, we experienced another growth in donations from corporate partners, alongside continued support from our longstanding donors. Notably, at least eight new donors chose to SUPPOrt the Foundation, and several previous donors reconnected with us after a hiatus, This reflects the strong trust in our work and a clear acknowled8ment of the meaningful impact their generosity helps us achieve. The Cheshlre 100 Supporters Club contlnued to play a vital role, ensuring we have the unrestricted funds necessary to meet our operational costs and maintain a stron8 and sustainable financial foundation. Thanks must also go to the Julla Rau55ng Trust, who made an incredible commitment to the future of Cheshire Community Foundation through a donation of £2S,000 per year for five years, to support our core costs. GIVING OPTIONS We are always gratef ul for all donatlons, of any value, which may be made to: existing endowment funds,. new endowment funds (for lar8er funds focused on a specific theme, or where donors are looking to provide longer-term support for the local communitvl,. donor-advised funds, which donors may establish from £10,000 upwards - enabling them to decide what thev would like to support, in which geographic areas and over what duration. We provide regular reporting and liaise with our donors during our rounds of grant-making, to agree which projects they would like to support,. wide and diverse range of projects tackling multiple disadvantages across Cheshire and Warrington (for donations up to £IO,0001, such as our Small Grants Programme. Donors receive an annual report to advise how the money in that fund has been spent. a place-based fund, which provides a way for both individuals and companies to pool resources to make a bigger impact in places where they live or work. Funds are already established for Crewe, WarrSn8ton, Knutsford, Neston and Cheshire West; a fund managed by our Trustees, who make the decisions about how the money should be used to create the greatest impact; donations to core costs are always welcome as they help to support our dedicated team so we can provlde more effective giving,. and regular donations to the Cheshire 100 Supporters Club. which contribute towards CCF'S core costs. Docustgn Enveknpe ID.. B9306214-F39G4ADC-A83C.5E3B007A40F5 CHESHIRE COMMUNITY FOUNDATION LIMITED {REGISTERED NUMBER: 07731278) REPORT OF THE TRUSTEES {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 WORKING TOWARDS SUSTAINABILITY We continue to benefit from the incredible generosity of our supporters, who make significant contributions to the running of Cheshire Community Foundation.. Our Trustees provide invaluable pro bono financial advice and consultancy, ensuring sound governance and strate8ic direction. Our growing Cheshire 100 Supporters Club, whose members continue to donate annually, plays a vital role In supporting CCF'S operational costs. A number of generous donors make additional contributions (beyond their fee contributions), including but not limited to EMR Group, Howard and Wendy Platt, the Sheppard Family and the Julia Rausing Trust. EMR Group continues to support us with donations of computers. IT services, and expert advice on IT and security-related issues. Our valued sponsors cover the full costs of all events throughout the year, allowing us to maximise the impact of our funds. Many local businesses provide free access to meeting and event spaces, as well as pro bono consultancy, referrals, and advice, further strengthening our community partnerships. Our Company Secretary generously provides pro bono le8al advice and consultancy. We are proud to announce that in 2024, we took another important step towards long-term sustainability bv transitioning to a full-time. competitively remunerated CEO. This change ensures that CCF has the leadership capacitv and expertise to drive growth and increase our impact, further securing the organisation's future. Whilst we remain focused on achieving full financial sustainability as donation levels continue to grow, the ongoing support and generosity of our Cheshire 100 Club and other donors enable us to minimise operational costs. This ensures that a minimum of 88% of donations are directed to local charities and community groups, helplng us deliver maximum beneflt to those in need. GRANT-MAKING In 2024. we were proud to have made grant awards of £2,415,459 supporting an extensive range of project5 and or8anisatSons. These initiatives addressed the complex and interrelated challen8es fated by many in our community. From tackling the ongoing effects of poverty and financial disadvantage exacerbated by the rising cost of living, to reducin8 isolation and improvln8 mental health, our grants have made a meaningful difference. We supported pro8rammes that helped prevent serious youth violence and childhood criminal exploitation, offered pathways back into learning, tralnin8, and employment, and provided essential support to those facing mental health ssues, the pressure5 of caring responsibi1Sties or living with disabilitles. These efforts align wlth our commltment to creating a community safety net that empowers individuals to overcome adverslty and achieve thelr potential. We also supported environmental projects, aimed at increasing community engagement in sU5tainability. Our vision remains steadfast.. to make Cheshire and Warrington a place where everyone, regardless of where they live, can thrive. We strive for.. People feeling fulfilled and reaching their full potential. Achieving economic, social, mental, and physical wellbeing. Reducing inequalities in life expectancy, health, and employment opportunitie5. Fostering a strong sense of community. Supporting voluntary and community-based attivities to flourish. To achieve this, we are guided by these core princlples: Understanding Local Needs: We acknowledge that disadvanta8e takes many forms and ensure our work reflects the aspirations of the communities we serve. Partnership Worklng." Collaborating with local councils, emergency services, schools, colleges, and other community leaders and funders helps us avoid duplication and maxirnise the impact of our collertive efforts. Docusign Envelope ID: B9306214-F39C-4ADC-A83C-5E3B007A40F5 CHESHIRE COMMUNITY FOUNDATION LIMITED {REGISTERED NUMBER: 077312781 REPORT OF THE TRUSTEES ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Respon51ve and Flexlble Funding: Our grants programmes are designed to adapt to changing and emer8ing needs, ensuring our support remains relevant and impactful. Donor-centric Approach: We respect and incorporate the wishes of fund holders and donors, aligning their contributions with strategic community needs. Deliverlng Measurable Impact: We prioritise making a tangible and significant difference to the lives of those we support, ensuring every grant awarded is effectlve and transformative. As we look to the future, our commitment to bullding stronger, more resilient communities remains at the heart of everything we do. GRANT-MAKING PARTNERSHIPS We share full details of our grant making via the public search portal 360Giving/GrantNav and maintain strong relationships with other local foundations and funders to avoid duplication or overlap and to maximise the impact of local funds and matching initiatives. We also encourage charitable partners to collaborate where approprlate. In 2024, Cheshire Community Foundation was proud to launch the South Cheshlre Funders, Forum, in partnership with the Julia Rausing Trust, Cheshire East Council and the Steve Morgan Foundation, This pioneering initiative is designed to simplify the fundin8 process for small charities in the South Cheshire region, enabllng them to apply for funding from multiple regional funders with a single, straightforward expression of interest form, saving time and reducing admlnistrative burden. We are pleased to have continued to develop and strengthen our relatlon5hips with the three local authorities in Cheshire East, Cheshire West and Chester and Warrington. This hès enabled us to understand the support available from the local authorities and governmental re50urces and ensure that fund5 from donors are used most effectively to addres5 need, optimlsing the limited resources available overall, OVERVIEW OF GRANTS DISTRIBUTION We awarded 239 grant5, totalling £2,415,459, supporting more than 96,393 beneficiaries 12023: 143,800 beneficiaries}, Amount Awarded £631,796 £300,000 £228,897 £188,986 £158,421 £147,889 £145,530 £142,344 £77,180 £280,644 £105,074 £8,698 £2,415.459 Percentage of Total Grants Awarded by Key Programme5 - Values Assura Growth and Impact, and tar8eted place-based Thriving Familie$ 2024 Building Brighter Futures Programme- EMR Group Active Futures Programme Cheshire and Warrington Small Grants Bentley Advancing Life Chances and Crisis Fund Warrington Strètegic. Project and Microgrants Fund it Forward 2024 Encirc Green Shoot5 Programme Proactive Donor programmes including Amelia Knight seaside Fun Days Donor Directed Funds Other 26.16 12.42 9.48 7.82 6.56 6.12 6.02 5.89 3.20 11.62 4.35 0.36 TOTAL loo% Docusign Envelo￿ ID.. 89306214-F39C-4ADC-A83C-5E3B007A40F5 CHESHIRE COMMUNITY FOUNDATION LIMITED (REGISTERED NUMBER: 07731278) REPORT OF THE TRUSTEES ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Grants awarded by local authority area: 2024 Grants By Local Authority Area Cheshlre East. £486.220.37. 20 {2023.' E711,1331 Out of Area:, £942.787.30, 39% 12023: £477,576) .Ch08hlr•W•stand Che¥ter, £586,526,00, 2496 12023: £333,877) Warrlngton, £399,925.47, 17% 2023: £279,804) Although our "out-of-area" grant-makin8 was higher in 2024 compared to the previous year, this increase primarily reflects our role in mana8in8 national grant programmes on behalf of two of our most 5ignlflcant local corporate partners Assura and EMR. Notably, the scale of the Assura programme wa5 further enhanced through match-funding from Integrated Care Boards IICBS). To deliver these programmes effectively. we have drawn on the strength of the national Community Foundation network, enabling our donors to extend their impact beyond the borders of Cheshire. Additionally, several of our partners such as the Office of the Police and Crime Commissioner alSgn their operation5 wlth the boundaries of ceremonial Cheshire, which still includes Halton. As Halton falls outside of Cheshire Community Foundation's defined geographic area, our activSty there has also contrSbuted to the rise in "out-of-area. grant-maklng. Importantly, our ability to deliver these national programmes on behalf of generous donors generates additional fee income for the Foundation. This income helps ensure that our core operational costs are covered and supports our ongoing financial 5UStainability. In 2024, our grant-maklng team continued to adopt a strateglc, Cheshlre and Warrlngton-wide approach to reduclng the impact of dlsadvantage, understanding that meaningful change requires sustained effort and long-term nvestment. We recognise the vltal role that multi-year fundin8 play5 in enabling voluntary and community frontline sector {VCF51 organisations to plan for the future, embed their initiatives more effectively, and build sustainable operations. To support this, we are steadily increasing our focus on multi-year grants, complementing our ongoing cornmitment to smaller. short-term fundin8 that empowers responsive gra55roots projects. A clear example of th is approach can be seen in Warrington, where in 2024, we awarded project grants spanning two years and strategic grants extending over three years, in partnership with the Steve Morgan Foundation. Thi5 blend of funding ensure5 we address both immediate needs and long-term community resilience. Docusign Envelope IO.. B9306214-F39C4ADC-A83C-SE38007A40FS CHESHIRE COMMUNITY FOUNDATION LIMITED (REGISTERED NUMBER: 07731278) REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 We continue to monitor local need, through quantitative, qualitative and anecdotal data, to ensure that our 'grant-making can be effertively targeted, and to make links across sectors, working proactively to bring about change. This has included 3 more collaborative approach to funding through initiatives such as the Warrington Fund and South Cheshire Funders, Forum and moving to a more Structured approach to monitorin8 the overall impacts of specific programmes so that we can fully demonstrate the difference that funding has made. Our thanks go to Warrington Voluntary Action, Cheshire West Voluntary Action and Cheshire East CVS who have helped raise awareness of our funds and 8rant making and have participated on our Grants Panels and, in the case of Warrir¢gton Voluntary Action, have administered the Warrington Microgrants Programme on our behalf. To ensure that we continue to fulfil our objectives and maximise public benefit, all applicant groups are required to show that they have charitable objects (whilst they do not need to be registered charities, they do need to be not-for-profit ofganisationsl. Each grant application is rigorously assessed against standard criteria including evidence of need. community Use and involvement, governance, finances, and organisational ability to manage, together with the ability to achieve powerful and measurable outcomes. Each applicant group provided a detailed application, its constitution, accounts, Child protection and vulnerable adults policies as applicable. We ensure that what we ask of applicants is proportionate and we are committed to working in line with the Institute of Voluntary Action Research IIVARI principles for open and tru5tlng grant-making. The one recent exception to this is the SWEF Enterprlse Grants Programme, which provides awards of up to £2,000 to young entrepreneurs in Cheshire and Warrington, aged between 18-30. These 8rants can be used on cost5 to support a newly formed business, including equlpment, training, specific marketing costs, and product development. Trustees recognised that thls funding stream aligned with our objective to develop education, skills, and employment and afforded opportunltles to youn8 people across Cheshire and Warrington that might not otherwise be available. The Foundation continues to deliver impactful grant programmes in collaboration with our corporate donors, addressing critical local needs. Our longstanding partnership with Bentley Motors supports grassroots charities in Crewe, enhancing health, education, and employment opportunities. Since 2019, the Assura Community Fund has distributed over £2 million to improve health outcomes nationwide. In 2024, EMR'S Building Brighter Futures Fund provided over £220,000 to support young people, while Encirc's new grants programme focused on sustalnability and community engagement. AdditSonally, the Amelia Knlght Seaslde Fun Days, funded by the Salmon Foundation, brought joy to families across the region. We are immensely 8rateful for the generous support of all our partners, drivirbg meaningful change in Cheshire and Warrington. FINANCIAL REVIEW We received new donatlons of £1,955,909 in the year12023., £1,729,272) of which £1,821,614 was for grant makin8 12023.. £1,540,032), the income aecounted for Includes £1,000 for 2024 which was donated In a prior year. We received Investment Income from endowments of £211,55712023.. £245,988 reported but which included £37,286 of dividends from a non-endowment invested fund). There were no valuation gains above inflation to be encashed in 2024 las in 20231, During the year we pald out grant fundlng of £2,438,91512023.. £1,729,258). We held endowment funds of £7.135 mllllon on 31st December 20241£6.966 million in 20231. We held restricted funds of £2.013 mllllon on 31st December 20241£2.521 million in 20231. The Charity'5 core fund increased slightly during the year and stands at a sum of £342,666. The Trustees are comfortable with this level as, whilst it equates to approximately ten months, of running costs and is therefore less than the ideal reserve of twelve months of core costs, it is more than the minimum six months, as stated in our Reserves Policy. io Do¢u8ign Envelo￿ ID.. 89306214F39C4ADC-A83C-5E3B007A40F5 CHESHIRE COMMUNITY FOUNDATION LIMITED (REGISTERED NUMBER: 07731278) REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 INVESTMENT POLICY The Board has a Finance, Risk, Operations and Grants IFROGI Committee consisting of five Trustees and external advisers. The Chief Executive Officer also attends and the Chief Operations Officer attended in February and May. Thi5 committee oversees the management of funds to ensure an appropriate investment policy regarding risk and the need to balance capital and income return. Our endowment monies remain mostly invested by CCLA in their Ethical Investment Fund. However, in the latter part of 2024 we opted to diversify by moving our discretionary endowments into R3thbones' Core Investment Fund for Charities and which recorded small gain5 in the short period up to year end. CCLA'S Charities Ethical Investment Fund delivered a total return of 5.1% last year,. comprised of an income yield of 2.8% and portfolio value gains of 2.3%. This was somewhat lower than the benchmark comparator, in a year in which the market was significantly influenced by technology stocks, whereas CCLA prefers more even wei8hting between sectors. These investments are so far showing small relative declines durin8 the turbulent early month5 of 2025. These investments are held for the long term and whilst the position will be kept under review, we do not currentlv foresee any policy change in this regard. The Foundation seeks to SUPPOrt It5 work with the returns generated from an investment portfolio. Inevitably the portfolio is exposed to a number of potential risk5, these include.. R15k of permanent1055.' The portfollo may be Invested in assets whlch fail, leading to a permanent and substantial loss of the sum Invested. Market fluctuatlons: The value of investments may fall or rise over time. Sales at depressed valuations could result in a 1055 of sums invested. Fluctuations can occur in the broad investment market, in sectors or in individual securities. Income rlsk: Income from the portfolio might decllne. Thls could be the result of a general or broadly-based decline in income payments or as a result of lower payments from an indSvldual asset or group of assets. Interest rate rlsk: Changes Sn prevailing interest rates or in expectations for future Interest rates could affect the value of assets held. Flxed interest investments may be particularly exposed to this risk. If interest rates are expected to rise faster or further than previously, then fixed interest investments may fall in value. Conversely, if interest rates reduce more than expected, lixed interest investments may rise. Currency or forel8n exchange risk: Investment in overseas investment markets may result Sn exposure to foreign currencies. Changes in exchange rates may have an effect on the value of the assets a5 reported in sterlin8. Llquidlty risk: The portfolio may Invest in assets where liquldity, the ability to buy and Sell, deteriorates making It difficult to liquidate the position should that be desired. Inflation risk: The real value of the a$5ets will be affected by the rate of inflation. Cost5 and charges: Costs and charges can erode value when not matched by commensurate investment returns over time, or Sf in excess of benchmarked comparators. In order to mitigate these risks, we regularly review investments and have an agreed investment policy. Some of our endowment funds are required to be held with CCLA, based on the match-funding previously provided by the government. For other endowments, an investment management review is completed at least every 3 years which ha5 recently resulted in the transfer of some endowment funds to Rathbones, Core Investment Fund for Charities. Holdings are diversified by asset type, geographic location, sedor, and individual security. The Trustees will keep our investment policy under review as further endowment monies are raised. Funds derived from revenue donation5 for grant-making and core costs are retained in bank accounts, term deposits, and the COIF Charities Deposit Fund unless otherwise agreed by donors. In placing deposits, we seek to optimise interest returns as far as possible within an overriding objective of ensuring their safety. Docusign Env81ope ID: B9306214-F39C4ADC-A83C-SE3B007A40F5 CHESHIRE COMMUNITY FOUNDATION IIMITED {REGISTERED NUMBER: 077312781 REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Cheshire Community Foundation Limited is a company limited by guarantee, company number 07731278 and a registered charity, registration number 1143711. The Trustees of the charlty and its principal advisers are listed on page l. The Foundation is governed by its Memorandum and Articles of Association. The Articles of Association set out the powers of the Board of Trustees; there are currently ten Trustee5. Our current Trustees are also the Members of Cheshire Community Foundation. The objects of the Charity, a5 set out in the Memorandum and Articles of Association, are: The promotion of any charitable purposes for benefit of the community in the County of Cheshlre. Other exclusive charitable purposes in the United Kingdom and elsewhere which are, in the opinion of directors, beneficial to the community with a preference of those in the area of benefit. The Board of Trustees of Cheshire Community Foundation Limited is responslble and accountable for Strategic direction and collectively setting and monitorin8 the Foundation's impact against its vision, mission, and objectives. As guardians of the Foundation, all Trustee5 are equally responsible in law for the Board's actions and decisions. As Directors of the companvi 11 Trustees take legal and fiscal responsSbility for the funds entrusted to them. The Trustees are responsible for ensuring that the Foundation is performing well and is deliverlng on the charitable objectives for which it was set up, in accordance with its Memorandum and Articles, as well a5 ensuring that goals outlined in it5 Business Plans are achieved. The full Board of Trustee5 meets quarterly. Between Board meetings business is conducted by sub-committees with delegated responsibility for operational oversight. The two sub-committees during the year ended 315t December 2024 were., Finance, Risk. Operations and Grants Committee; and Remuneration Committee. The above committees have a Terms of Reference document which sets out the powers and authority delegated to them, The Finance, Risk, Operations and Grants Committee has been delegated responsibllity for the Foundation's grant making function and consisted in 2024 of the Chief Executive Officer, Melanie Sproston, Chief Operating Officer lin February and May), Margaret Cheshire, our Chair, Howard Platt and trustees Andrew Butters, Terry Inn5, Jake Anker5 and Nicky Owen. The Finance, Risk, Operations and Grants Committee is jointly chaired by Andrew Butters and Terry Inns. The Committee approves recommendations made to It by the Foundation's Grant Panels and takes responsibility for the appropriate allocation of grant awards from the restricted fund5 under it5 management (both discretionarv and donor advisedl. The Committee also has delegated powers to veto decisions made by the Grant Panels but onlv.. Where it feels that the Panel's recommendations are in breach of some duty for which they, as Trustees of the Foundation, are responsible; or Where the Grants Committee 15 in posse5slon of signif icant inforrnation relating to the application. to whlch the Grant Panel was not privy. All grant applications are assessed at Grant Panel for evidence of need, community benefit and value for money. The Committee has also been delegated responsibility for overseein8 all audit, financial, investment, and risk management aspects of Cheshire Community Foundation Limited. A Remuneration Cornmittee meet5 once a year lat year endl to discuss staff remuneration and reward. This committee makes recommendations to the full Board of Trustees. 12 Docuslgn Envèlope ID.. B9306214-F39C4ADC-A83C-SE3B007A40FS CHESHIRE COMMUNITY FOUNDATION LIMITED (REGISTERED NUMBER: 07731278) REPORT OF THE TRUSTEES ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 THE BOARD The Board continues to review its sk1115, diversity, and expertise on an annual basis to ensure continued good governance and delivery of the Foundation's objectives and Business Plans. This skills audit and diver51ty overview provides a context for Trustee recruitment and Board planning. That said, no Trustees have changed during the Course of 2024, ensuring the Board remain5 both experienced and stable. All Trustees have individual review meetings with the Chair of the Board and are committed to ongoing training and development. This includes learning from other Community Foundations, liaising with Community Foundation Trustees. working Wlth UK Community Foundations IUKCFI, attending UKCF meetings and events, participating in internal tralning sessions, and attending relevant external training and functlons. Howard Platt, as Chair of the Foundation, ha5 actively engaged In several UKCF Chairs meetin85. Howard Platt will step down as Chair in early 2025 but will remaln as a Trustee for two more years. We acknowledge with deep gratitude the significant commitment and leadership Howard has shown during his tenure, which has overseen substantial growth and development of the organisation. This upcomin8 change in leadership provides an opportunity to reflect on the current 8oard structure, setup, and practices, a natural part of leadership transition that will allow u5 to build upon the strong foundation established under Howard's guidance, ensurin8 that the Board continues to evolve to meet the future needs of the Foundation and the communities we serve. The Trustees confirm that they have again complied with the duty in the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commlssion in determinin8 the activities of Cheshire Community Foundation Limited. Cheshlre Community Foundation LSmited is a Quality Accredlted member of UKCF havlng successfully demonstrated how It met the standard in 2022. 2025 will See the renewal process of this accreditation completed. RESERVES POLICY The Board continues to malntain a level of unrestricted reserves appropriate to it5 commitment5. Although our Reserves Policy is to ensure a minimum of six months, running costs are held at any time, the Board's objective is to hold one years, running costs in unrestricted reserves. At £342,666, the unrestricted reserves as of 31st December 2024 represented F)early 10 months, of core costs, but neverthele55 were re8arded by the Board as a satisfactory position in a challenging year with increasing pressures on costs, particularly given the ongoin8 COSt5 of IT up8rade and the transition to a full-time, competitively remunerated CEO. The reserves policy will be kept under review. RISK MANAGEMENT The Board of Trustees recognises that it is responsible for risk management and for malntaining a sound system of Internal control that supports the achievement of aims and oblectives. whilst safeguarding the funds and assets for which It is responsible. The Board also accepts responsibility for ensuring that risks to which the Foundation is exposed are regularly reviewed and that appropriate Steps are taken to mitigate any potential damage. A regular review of all risks takes place at Finance, Risk, Operations and Grants Committee meetings and a review of red-rated (high priorityl risks take5 pSace at quarterly Board Meetings. 13 Docusign Envelop8 ID.. 89306214F39C4ADC-A83C-5E3B007A40F5 CHESHIRE COMMUNITY FOUNDATION LIMITED (REGISTERED NUMBER: 07731278) REPORT OF THE TRUSTEES ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 TRUSTEES, RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS The Trustees (who are also the directors of Cheshire Community Foundation Limited for the purposes of company lawl are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice, Company law requires the Trustees, a5 directors, to prepare financial statements that give a true and fair view of the state of affairs of the Charity at the end of the financial year and of its surplus or deficit for the financial year. In doing so, the Trustees are required to.. select suitable accounting policies and then apply them consistently: observe the methods and principles in the Charity SORP: make sound judgements and estimates that are reasonable and prudent,. state whether applicable accounting standards have been followed. sublect to any material departures disclosed and explained in the financial statements,. prepare the financial statements on the going concern basis unless it is Inapproprlate to presume that the charity will continue in operation. The trustees are responsible for keeplng proper accountlng records which disclose with reasonable accuracy at anv time the finoncial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable companv and hence for taking reasonable steps for the prevention and detectlon of fraud and other irregularities. In so far as the trustees are aware: there is no relevant audit information of which the Charity's auditors are unaware,. and the trustees have taken all steps that helshe ought to have taken as a trustee in order to make themselves aware of any relevant audit information. AUDITORS The auditors, Murray Smith LLP, will be proposed for re-appolntment at the forthcomlng Annual General Meeting, Report of the trustees. Incorporating a strategic report, approved by order of the board of trustees, as the company dlrettors, on 5 June 2025 and signed on the board's behalf by: Slqn•(l ty- 8lgn•dby'. 4828 Nicky Owen Ichairl 2BObOF34eB.,. CF68E1749¢F143e... Andrew Butters (Treasurer) 14 Oocusign Envelopo ID.. B9306214-F39&4ADC-A83C-5E3B007A40F5 REPORT OFTHE INDEPENDENT AUDITORSTO THE MEMBERS OF CHESHIRE COMMUNITY FOUNDATION LIMITED (REGISTERED NUMBER: 07731278) Oplnlon We have audited the financial statements of Cheshire Community Foundation Limited (the 'charitable company'l for the year ended 31 December 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kin8dom Generally Accepted Accounting Practicel. In our opinion the financial statements.. give a true and fair view of the state of the charitable company's affairs as at 31 December 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 Kin8dom Generally Accepted Accounting Practice; and have been prepared in accordance wlth the requirements of the Companies Act 2006. Basls for opinlon We condurted our audit in accordance with International Standards on Auditing IUKI (ISA5 IUKII and applicable law. Our responsibilities under those standard5 are further described in the Auditors, 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 responsibilitie5 in accordance with these requirements. We believe that the audit evidence we have obtalned Is sufficient and approprlate to provide a basis for our opinion. Concluslons relatln8 to golng concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accountin8 in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not Identified any materSal uncertainties relating to events or conditlons that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a golng concern for a perlod of at least twelve months from when the finar¢cial 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 Informatlon The trustees are responsible for the other information, The other Snformation comprises the information included in the Annual Report, other than the financial statement5 and our Report of the Independent Auditors thereon. Our opinion on the flnancial statements does not Cover the other informatlon and, except to the extent otherwise explicitly stated Sn our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other Informatlon and, in doing so, conslder whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material mi5Statement 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. We have nothing to report in this re8ard. Oplnlons on other matters prescrlbed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of the audit.. thè information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements,. and the Report of the Trustees has been prepared in accordance with applicable legal requirements. 15 Docusign Envelope ID.. B9306214-F39C4AOC-A83C-SE38007A40F5 REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBER5 OF CHESHIRE COMMUNITY FOUNDATION LIMITED (REGISTERED NUMBER: 07731278) Matters on whlch we are required to report by exceptlon 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 Report of the Trustees. We have nothing to report in respect of the following matters where the Companies Act 2006 requires US to report to you if, in our opinion.. dequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by u5; or the f inancial statements are not in agreement with the accounting records and returns,. or certain disclosures of trustees, remuneration specified by law are not made,. or we have not received all the information and explanations we require for our audit. Responslbillties of trustees As explained more fully in the Statement of Trustees, Responsibilitie5, the trustees (who are olso the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error, In preparin8 the financial statements. the trustees are responsible for assessing the charitable company's abllity to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Our responslbllities for the audlt of the flnanclal statements Our objectives are to obtain reasortable assurance about whether the financlal Statements as a whole are free from material misstatement. whether due to fraud or error, and to issue a Report of the Independent Auditors 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 IUKI will always detect a material mi55tatement 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 econoffllc decisions of user5 taken on the basls of these financial statements. The extent to which our procedures are capable of detecting irregularities. including fraud is detailed below.. The audit procedures designed to identify irregularities included: Enquiry of mana8ement and those Charged with governance around actual and potential litigatlon and claims; Enquiry of company staff with responsibilities for compliance matters to Identify any instances of non-compliance with laws and regul2tions' Reviewlng financial statement disclosures and testlng to supporting documentation to asse55 compliance with applicable laws and regulations,. Auditing the risk of management override of controls, including through testing journal entries and other djustments for appropriateness. and evaluating the business rationale of significant transactions outside the normal course of business. There are inherent 5imitations In the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material mi55tatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, intentional misrepresentations or through Collusion. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. Th15 description forms part of our Report of the Independent Auditors. 16 DoGu8ign Env8lope ID.. B9306214-F39C4ADC-A83&5E3B007A40F5 REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF CHESHIRE COMMUNITY FOUNDATION LIMITED (REGISTERED NUMBER: 07731278) 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 matter5 we are required to state to them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or a55ume responsiblllty to anyone other than the charitable company and the charitable company'5 members as a body, for our audit work. for this report. or for the opinions we have formed. D¢¢u8igned ty.. C1E3F835F026d87 Nicola Tucker Isenior Statutory Auditor) for and on behalf of Murray Smlth LLP Chartered Accountants Statutory Auditors Darland House 44 Winnington HS11 Northwich Cheshire CW8 IAU 13-06-2025 Date Signed.................................................. 17 Docusign Envelope ID.. B9306214-F39C4ADC-A83C-5E3B007A40F5 CHESHIRE COMMUNITY FOUNDATION LIMITED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 Total funds 2023 Total funds Unrestrirted fund Restricted funds Endowment funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 112,225 22,500 134,725 187,855 CharStable activltles Charitable activitie5 570 1.821,614 1.822,184 1,541,417 Other trading activities Investment income 1,000 76,681 1,000 332,536 500 297,600 44,298 211,557 Total 190,476 1,865,912 234,057 2,290,445 2,027,372 EXPENDITURE ON Raising funds 100,361 100,361 98,608 Charltable actlvltles Charitable activities 314,953 2,440,666 2,755,619 2,005,332 Other 1,200 1,200 1,200 Total 416,514 2,440,666 2,857,180 2,105,140 Net gains on investments 35,772 196,575 232,347 719,216 NET INCOMEIIEXPENDITURE) 1226,0381 1538,9821 430,632 1334,3881 641,448 Transfer5 between funds 20 230,634 30,922 1261,5561 Net movement in funds 4,596 1508,0601 169,076 1334,3881 641,448 RECONCILIATION OF FUNDS Total funds brou8ht forward 338,070 2,520,967 6,965,777 9,824,814 9,183,366 TOTAL FUNDS CARRIED FORWARD 342.666 2,012,907 7,134,853 9,490,426 9,824,814 The notes forni part of these financial stalementS 18 DDcu3ign Envelope ID.. B9306214.F39C4ADC_A83C.5E3B007A40F5 CHESHIRE COMMUNITY FOUNDATION LIMITED IREGISTERED NUMBER: 077312781 BALANCE SHEET 31 DECEMBER 2024 2024 Total funds 2023 Total funds Unrestrirted fund Restricted fund5 Endowment funds Notes FIXED ASSETS Tangible assets Investments 15 16 1,852 1,852 8,474,137 2,196 8,269,290 1,339,284 7,134,853 1,852 1,339,284 7,134,853 8,475,989 8,271,486 CURRENT ASSETS Debtor5 Investment5 Cash at bank 17 18 9,290 7,600 666,333 667,497 16,890 666,333 1,021,225 12,464 938,500 878,308 353,728 363,018 1,341,430 1,704,448 1,829,272 CREDITORS Amounts falling due within one year 19 122,2041 1667,8071 1690,0111 1275,9441 NET CURRENT ASSETS 340,814 673,623 1,014,437 1,553,328 TOTAL ASSETS LESS CURRENT LIABILITIES 342,666 2,012,907 7,134,853 9,490,426 9,824,814 NET ASSETS 342,666 2,012,907 7,134,853 9,490,426 9,824,814 FUND5 Unrestricted funds Restri¢ted funds Endowment funds 20 342,666 2,012,907 7,134,853 338,070 2,520,967 6,965,777 TOTAL FUNDS 9,490,426 9,824,814 The financial statements were approved by the Board of Trustees and authorised for issue on S June 2025 and were signed on its behalf by: $ltyngd ty.. CFfj8E1749CF143C... Andrew Butters- Trustee The notes fonn part of these financial statements 19 Docusign Envelo￿ ID.. B9306214>F39C4ADC-A83C-5E3B007A40F5 CHESHIRE COMMUNITY FOUNDATION LIMITED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Notes Cash flow5 from operatin8 actlvltles Cash generated from operations 1489,2861 1253,5371 Net cash used in operatin8 activities 1489,2861 {253,5371 Cash flows from inve5tin8 activities Purchase of tangible f ixed assets Purchase of fixed asset investments Sale of f ixed asset investments Cash into current asset investments Interest received Dividends received 12,2971 1425.0001 122,5001 50,000 272,167 120,979 211,557 1938,5001 51,612 245,988 Net cash used in investinB activities 632,203 11,068,197) Change In cash and cash equlvalents In the reportln8 perlod Cash and cash equlvalents at the beglnnlng of the reportlng perlod 142,917 11,321,734) 878,308 2,200,042 Cash and Cash equlvalents at the end of the reportSng perlod 1,021,225 878,308 The notes form part of these financial statements 20 Docusign Envelope ID.. B9306214-F39C4ADC-A83C-5E3B007A40FS CHESHIRE COMMUNITY FOUNDATION UMITED NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024 RECONCILIATION OF NET IEXPENDITURE}/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net (expendlturellincome for the reporting period las per the Statement of Financial Actlvitie51 Adjustments for: Depreciation charges Galn on investments Interest received Dividends received Increase in debtors Increase in creditors 1334,3881 641.448 344 1232,3471 1120,9791 1211,5571 14,4261 414,067 ioi 1719,2161 151,6121 1245,9881 12,6791 124,409 Net cash used in operations 1489,2861 1253,5371 ANALYSIS OF CHANGES IN NET FUNDS At 1.1.24 Cash flow At 31.12.24 Net cash Cash at bank 878,308 142,917 1,021,225 878,308 142,917 1,021,225 Llquid resources Deposits included In cash Current asset Investments 938,500 1272,167 666,333 938,SOO 1272,1671 666,333 Total 1,816,808 1129,2501 1,687,558 21 Do¢usign Envelope ID: B9306214-F39C4ADGA83C-5E3B007A40F5 CHESHIRE COMMUNITY FOUNDATION LIMITED NOTE5 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES Charlty status The charity Ss a company limited by guarantee incorporated in England and Wales. The members of the company are the Trustees named on Page l. In the event of the charity being wound up, the liability, in respect of the guarantee is limited to £1 per member of the charity. The charity number is 1143711. The address of its registered office is.. Clo The Challenge Academy Trust at Bridgewater High School Broomfields Road Warrington Cheshire WA4 3AE Summary of slgnificant accountin8 poll¢ies and key accountlng estimates The principal accounting policies applied in the preparatlon of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise Stated. Statement of compllance The financial statements have been prepared in accordance with Accounting and Reporting by Charlties,. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland IFRS 1021 (effectivé l January 20191 (Charities SORP IFRS 10211 and Companies Act 2006. Cheshire Community Foundation meets the definition of public entlty under FRS 102. Basls of preparatlon The financial statements have been prepared under the historical cost convention with the exception of investments which are included at market value. Golng concern The trustees consider that there are no material uncertalntle5 about the charity's abllity to continue as a going concern, nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. Incorne All income is recognised in the Statement of Financial Actlvities once the charity is le8ally entitled to the Income and the amount can be quantified with reasonable ac¢uracv. Incomlng resources are recelved in cash by way of grant5 and donations. Grants receivable are accounted for in the period in which they are awarded and are allocated to the fund to which they relate. Cash donations in sUPPOrt of the foundation's activities are included in full in the statement of financi31 activities on a receivable basis. Investment returns are drawn in accordance wlth a total return policy and transferred to restricted funds for distribution, with an agreed proportion transferred to cover management and administration costs. Expenditure All expenditure is accountèd for on an accruals basis and has been included under expense categorie5 that aggregate all costs for 311ocation to activities. Where costs cannot be directly attributed to particular activities, they have been allocated on a basis consistent with the use of the resources. Cost5 of raisin8 funds includes the costs of brochures. advertising, fundraising and other promotional events designed to increase public awareness of the foundation, together with other costs directly attributable to fundraising activities. 22 Docuslgn Envek)pe ID.. B9306214-F39C4ADC-A83&5E3B007A40F5 CHESHIRE COMMUNITY FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES- continued Expendlture Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognized as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year-end are noted as a commitment, but not accrued as expenditure. Governance costs include those costs incurred in the governance of the Charity's assets and are associated with constitutional and statutory requirements. Support costs Include the central functions and have been allocated to activity cost categories on the basis of a direct charge wherever possible and in other cases, an estimate of time spent by category. Tangible flxed assets DeprecSation is provided at the followln8 annual rates Sn order to write off each asset over its estimated useful Short leasehold Fixtures and fittings Computer equipment 33% on cost 33% on cost 50% on cost T?xatlon The charity Is exempt from corporation tax on its charitable actlvSties. Fund accounting General funds are unrestrlcted fund5 which are available for use at the dlscretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Restrlcted funds are funds that are to be used In accordance wlth speclfic restrictlons imposed by donors which have been raised by the charity for particular purposes. The c05t of ralsing and admlnisterin8 such funds is an agreed donation which is taken to the unrestflcted funds through a transfer. All costs are char8ed against unrestricted funds. The endowment fund is a restricted fund under the terms of the Trv5t deed and in the case of Communlty First endowments the funds must be held permanently. There are also expendable endowment funds, created by transfers from the endowment funds from excess gain5 Qver RPI. The endowment fund purpose is to ensure a suitable incorne stream to flnance the on8oin8 activities of the charity. It is represented by a portfolio of investments, which is managed by investment managers who have been glven discretionary powers to acquire and dispose of investments within the policy set by the Trustees. Investment income, gains and losses are allocated to the appropriate fund. Hlre purchase and leasSn8 commltments Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight-llne basis over the period of the lease. Investments All investments are carried at their fair value. Holdings in common investment funds are stated at their mid-market price. The statement of financial activities included the net gains and losses arising on revaluations and disposals throughout the year. Asset sales and purchases are recognised at the date of trade at cost. Investments are managed u5in8 the total investment return methodology. I Cash at bank and in hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of twelve months or less from the date of acquisition or openin8 of the deposit or similar account. 23 Docu8ign Env8lope ID.. B9306214-F39C-4ADC-A83C-5E3B007A40F5 CHESHIRE COMMUNITY FOUNDATION LIMITED NOTESTO THE FINANCIAL 5TATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES- continued Investments Flnancial instruments The charity has financial assets of a kind that qualify as basic financial instrument. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. DONATIONS AND LEGACIES 2024 2023 Donations 134,725 187,855 OTHER TRADING AcfiviTIES 2024 2023 Fees 1,000 500 INVESTMENT INCOME 2024 2023 Other fixed asset invest Deposit account interest 211,557 120,979 245,988 51,612 332,536 297,600 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Activity Charitable actSvities Charitable actSvitie5 1,822,184 1,541,417 RAISING FUNDS Raislng donatlons and le8a¢les 2024 2023 Staff cost5 Postage and stationery Consultancy Travel and meeting expenses Marketing and publicity Website and database developed IT 87,750 41 1,500 1,960 5,468 3,642 66,832 56 20,475 1,960 4,025 5,260 100,361 98,608 24 Docusign Envebpe ID.. 89306214-F39C-4ADC-A83G5E38007A40F5 CHESHIRE COMMUNITY FOIJNDATION UMITED NOTES TO THE FINANCIAL 5TATEMENTS- tontlnued FOR THE YEAR ENDED 31 DECEMBER 2024 CHARITABLE AcfiviTIES COSTS Grant funding of activitie5 15ee note Support costs (see note 91 Direct Costs 81 Totals Charitable actlvities 304,787 2,438,915 11,917 2,755,619 Bas15 of Allocation 2024 2023 Grants distributed Awards to charities Staff costs Travel and meetlng expenses Subscriptions Consultancy Insurance Offlce costs Telephones IT Maintenance Website and database Stationary and postage Research Other Community foundations Sundries Audit and accountancv Bank charge5 Depreciation Direct Direct Staff time Staff time Direct Direct Staff time Direct Staff time Staff time Direct Usage Dirett Dlrect Direct Direct Direct Direct 2,438,915 1,750 22 1.581 1,692 6,049 34,092 1,558 2,120 2,239 2,037 20,636 83 4,400 6,180 26 9,000 2,917 344 1,729,258 1,850 162,623 1,202 5,164 31,354 1,293 13,638 1,821 721 29,809 iii 5,600 8,400 63 9,000 3,324 ioi GRANTS PAYABLE 2024 2023 Charitable activities 2,438,915 1,729,258 SUPPORT COSTS Governance costs Finance Totals Charitable activities 2,917 9,000 11,917 25 Docusign Envelop@ ID.. B9306214-F29c4ADC-A83C4E3B007A4QF5 CHESHIRE COMMUNITY FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 DECEMBER 2024 io. NET INCOMEIIEXPENDITUREI Net incomellexpenditurel is stated after chargingllcreditingl.. 2024 2023 Auditors, remuneration - audit fee Auditors, remuneration - accounts preparation Depreciation owned assets 6,900 2,100 344 6,900 2,100 ioi ii. TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefit5 for the year ended 31 December 2024 nor for the year ended 31 December 2023. Trustees, expense$ There were no trustees, expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023. 26 Docusign Envelope ID.. 89306214F39C4ADC-A83C-5E3B007A40F5 CHESHIRE COMMUNITY FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 DECEMBER 2024 12. STAFF COSTS 2024 2023 Wages and salaries Social security costs Other pension costs 276,685 19,345 13,301 207,644 11.453 10,358 309,331 229,455 Wage5 and salaries include a holiday pay accrual of £nil12023'. £nill. The average monthly number of employees during the year wa5 as follows: 2024 2023 Fundraising Charitable and grant givin8 Management io io The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was.. 2024 2023 £60,001- £70,000 Key management personnel of the Charity are the Chlef Executlve Officer in post during the year. The total remuneration costs for 2024 amounted to £64,166 12023: £nill. During the period March 2016 to December2023 the CEO worked on a pro bono basis. 13. EX GRATIA PAYMENTS Included in staff costs are ex-8ratia payments totallSn8 £2,00012023'. £nS11. IndivSdually, the payment5 were £2,000. 27 Docusign Envek>pe ID: B9306214-F39C4ADC-A83C_5E3B(107A40F5 CHESHIRE CQMMUNifi FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 14. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES Unrestricted fund Restricted funds Endowment funds Total funds INCOME ANO ENDOWMENTS FROM Donations and le8acies 122,025 20,830 45,000 187,855 Charltable activltles Charitable activities 1,385 1,540,032 1,541,417 Other trading activities Investment income 500 46,230 500 297,600 5,382 245,988 Total 170,140 1.566,244 290,988 2,027,372 EXPENDITURE ON Raising funds 98,608 98,608 Charltable artlvltles Charitable actlvitie5 274,259 1,731,073 2,005,332 Other 1,200 1,200 Total 374,067 1,731,073 2,105,140 Net gains on investments 116,580 602,636 719,216 NET INCOMEI(EXPENDITURE) 1203,9271 148,2491 893,624 641,448 Transfers between funds 221,963 1355,9751 134,012 Net movement In funds 18,036 1404,2241 1,027,636 641,448 RECONCILIATION OF FUNDS Total funds brought forward 320,034 2,925,191 5,938,141 9,183,366 TOTAL FUNDS CARRIED FORWARD 338,070 2,520,967 6,965,777 9,824,814 28 Docusign Envelc>pè ID.. B9306214-F39C4ADC-A83C-5E38007MOF5 CHESHIRE COMMUNITY FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 DECEMBER 2024 15. TANGIBLE FIXED ASSETS Fixtures and fittin8S Short leasehold Computer equipment Totals COST At l January 2024 Disposals 2,116 12,1161 5,363 3,338 13,3381 10,817 15,4541 At 31 December 2024 5,363 5,363 DEPRECIATION At l January 2024 Charge for year Eliminated on disposal 2,116 3,167 344 3,338 8,621 344 15,4541 12,1161 13,3381 At 31 December 2024 3,511 3.511 NET BOOK VALUE At 31 December 2024 1,852 1,852 At 310ecember 2023 2,196 2,196 29 Docusign Envelope ID.. B9306214-F39C4ADC-A83C-5E3BOQ7A40F5 CHESHIRE COMMUNITY FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 DECEMBER 2024 16. FIXED ASSET INVESTMENTS 2024 2023 Other 8,474,137 8.269,290 There were no investment asset5 Outside the UK. The investments are held to provide an investment return to the charity. All investment5 are held in common investment funds and are valued at the mid-market price. Total return is applled to all expendable endowment fund investments, Investments Ineither listed nor unlistedl were as follows.. 2024 2023 At ljanuary 2024 Additions Revaluations Disposals 8,269,290 22,500 232,347 50,0001 7,125,074 425.000 719,216 At 31 December 2024 8,474,137 8,269,290 Endowment Unapplled total return Released to Income Total Endowment Assura Total funds CIF At l January 2024 Gift Component of Endowment Unapplied total return Assura CIF Total 4,845,848 4,845,848 2,119,929 4,845,848 2,119,929 1,303,513 8,269,290 2,119,929 1,303,513 1,303,513 4,845,848 2,119,929 6,965,777 Movements In the reportlng perlod.. Funds invested Gift of expendable endowment Dividends and Interest Realised and Unreallsed Gains Total 22,500 22,500 211,5S7 196,576 430,633 22.500 249,536 232,347 504.383 211,557 196,576 408,133 37,979 35,771 73.750 22,500 Unapplied total return released to income Net movements in reporting period 1261,557) 1261,5571 137.979) 1299,5361 22,500 146,576 169.076 35,771 204,847 At 31 December 2024 Gift Component of Endowment Unapplied total return Assura CIF Total Funds 4,868,348 4,868,348 2,266,505 4,868,348 2,266,505 1,339,284 ,474,137 2,266,505 1,339,284 1,339,Z84 4,868,348 Z.266,505 7,134.853 30 Docusign Envelope ID.. B9306214-F39C-4ADC-A83C-5E3B007A40F5 CHESHIRE COMMUNITI FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 17. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Other debtors Prepayments and accrued income 1,247 8.575 7,068 3,070 9,394 16,890 12,464 18. CURRENT Ass￿ INVESTMENTS 2024 2023 Other 666,333 938,500 31 Docusign Envelope ID.. B9306214-F39C4ADC_A83&5E38007A40FS CHESHIRE COMMUNITY FQUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 19. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Social security and other taxes Other creditors Grants payable Accruals and deferred income 6,223 2,330 667,807 13,651 5,204 2,064 254,300 14,376 690,011 275,944 20. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 31.12.24 At 1.1.24 Unrestricted funds General fund 338,070 1226,0381 230,634 342.666 Restylcted funds Warrington Community fund Warrin8ton Young People Anonymous funds Assura Other funds Bentley Cheshire Food Coordinator Cost of Living Appeal Warrington Fund EMR Fund Enclrc Fund MBNA For Cheshire West 127,989 11,350 216,965 1,569,999 235,592 10,054 60,386 19,084 31,501 10,000 128,942 99,105 1146,3021 114,0001 1185,0441 1167,7821 138,353 27,111 130,0001 116,5221 119,5151 128,5941 1114,2841 12.503 5,094 29,649 7,620 121,160 21,151 1104,0121 113,8571 11,336 4,970 153,081 1,423,368 269,933 23,308 30,386 2,442 33,535 10,169 1,833 11201 21,549 28,763 112,8251 1111,6081 43,452 48,546 2,520,967 1538,9821 30,922 2,012,907 Endowment fund5 Community First funds Warrington Young People Other funds Warrington Community Anonymous fund 4,864,737 398,998 810,558 310,739 580,745 133,497 35,684 211,966 9,946 39,539 4.998,234 411,698 857,722 320,643 546,556 122,9841 1164,8021 1421 173,7281 6,965,777 430,632 1261,5561 7,134,853 TOTAL FUNDS 9,824,814 334.3881 9,490,426 32 Docusign Envelope ID.. B930E2l￿F39c4AD￿AB3C-sE3B007A4uF5 CHESHIRE COMMUNITY FOLINDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 DECEMBER 2024 20. MOVEMENT IN FUNDS- continued Net movement in funds, included in the above are as follows.. Incoming resource5 Resources expended Gains and losses Movement in funds Unrestrlcted funds General fund 190,476 1416,5141 1226,0381 Restrlcted funds Warrington Community fund Warrington Young People Anonymous fund5 Assura Other fund5 Bentlev Cheshire Food Coordlnator Cost of Llvlng Appeal Warrington Fund EMR Fund Encirc Fund MBNA For Cheshire West 1146,3021 114,0001 1185,0441 1724,2961 1636,9411 1147,8891 130,0001 117,5221 1129,5301 1228,8971 1117,1581 12,5001 160,5861 1146,3021 114,0001 (185,0441 1167,7821 138,353 27,111 130,0001 116,5221 119,5151 128,5941 1114,2841 12,503 5,094 520,743 775,294 175,000 35,771 1,000 110,015 200,303 2,874 15,003 65,680 1,865,912 12.440,6651 Endowment funds Community First funds Warrington Young People Other funds Warrington Community Anonymous fund 35,771 1538,9821 149,023 12,752 22,797 9,946 39,539 115,5261 22,932 189,169 133,497 35,684 211,966 9,946 39,539 234,057 196,575 430,632 TOTAL FUNDS 2,290,445 12,857,179) 232,346 1334,3881 33 Docusign Envelope ID.. B930621¥F39C4ADC-A83C_5E3B007A40F5 CHESHIRE COMMUNITY FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 20. MOVEMENT IN FUNDS- contlnued Comparatlves for movement in lunds Net movement in funds Transfers between funds At 31.12.23 At 1.1.23 Unrestrlcted funds General fund 320.034 1203,9271 221,963 338,070 Restrlcted fund5 Warrington Community fund Warrington Young People Anonymous funds Assura End Food Poverty Other funds Bentley Cheshire Food Coordinator Cost of Living Appeal Warrington Fund EMR Fund Encirc Fund MBNA 180,096 29,855 88,800 1,495,460 17231 821,909 147,685 90,386 71,723 180,9001 125,7341 1157,0651 82,973 28,793 7,229 285,230 18,4341 723 1562,4931 1146,5691 127,989 11,350 216,965 1,569,999 123,8241 8,938 130,0001 154,5861 33,501 114,0001 132,343 80,105 235,592 10.054 60,386 19,084 31,501 lo,￿0 128,942 99,105 1,947 12,0001 24,000 13,4011 19,000 2,925,191 148,2491 1355,9751 2,520,967 Endowment funds Communlty First funds Warrington Young People Other funds Warrington Community Anonymous fund 4,429,658 363,315 333,414 282,948 528,806 435.079 35,683 351,111 9,324 62,427 4,864,737 398,998 810,558 310,739 580.745 126,033 18,467 110,4881 5,938,141 893,624 134,012 6,965,777 TOTAL FUNDS 9,183,366 641,448 9,824,814 34 DoGusign Envelope ID.. B9306214.F39￿ADG_A83c.sE36OoTA4oF5 CHESHIRE COMMUNITY FOUNDATION LIMITED NOTESTO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 20. MOVEMENT IN FUNDS- continued Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Gains and losses Movement in funds Unrestrlrted funds General fund 170,140 1374,0671 1203.9271 Restrlcted funds Warrington Community fund Warrington Young People Anonymous funds Assura Other funds Bentley CheshSre Food CoordSnator Cost of Livin8 Appeal Warrington Fund EMR Fund Encirc Fund MBNA 180.9001 125,9181 1157,0651 1353,6541 1580,0471 1181,0621 130,0001 162,0331 126,4991 1214,0001 180,900) 12S,7341 1157,0651 82,973 123,8241 8,938 130,0001 154,5861 33,501 114,0001 132,343 80,105 184 320,047 556,223 190,000 116,580 7,447 60,000 200,000 132,343 loo,000 119,8951 1,566.244 11,731,073) 116,580 Endowment funds Community First funds Warrington Young People Other funds Warrington CommunSty Anonymous fund 148,2491 145,980 11,973 61,284 9,324 62,427 289,099 23,710 289,827 435,079 35,683 351.111 9,324 62,427 290,988 602,636 893,624 TOTAL FUNDS 2,027,372 12,105,140) 719,216 641,448 35 Docusign Envelo￿ ID.. 89306214-F39C4ADC-A83C-5E3B007A40F5 CHESHIRE COMMUNifi FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 20. MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined position is as follows.. Net movement in funds Transfers between funds At 31.12.24 At 1.1.23 Unrestrirted funds General fund 320,034 1429,9651 452.597 342,666 Restrlcted funds Warrington Community fund Warrington Young People Anonymous funds Assura End Food Poverty Other funds Bentlev Cheshire Food Coordinator Cost of Living Appeal Warrington FLtnd EMR Fund Encirt Fund MBNA For Cheshirè West 180,096 29,855 88,81)0 1,495,460 17231 821,909 147,685 90,386 71,723 1227,2021 139,7341 1342,1091 184,8091 58,442 14,849 406,390 12,717 723 1666,5051 1160,4261 11,336 4,970 IS3,081 1,423,368 114,529 36,049 160,0001 171,1081 13,986 142,5941 18,059 92,608 5,094 269,933 23,308 30,386 2,442 33,535 10,169 1,833 1,827 19,549 52,763 116,2261 192,6081 43,452 48,546 2,925,191 1587,2311 1325,0531 2,012,907 Endowment funds Community First funds Warrington Young People other funds Warrington Community Anonymous fund 4,429,658 363,315 333,414 282,948 528,806 568,576 71,367 563,077 19,270 101,966 4,998,234 411.698 857,722 320,643 546,556 122,9841 138,7691 18,425 184,2161 5,938,141 1,324.256 1127,5441 7,134.853 TOTAL FUNDS 9,183,366 307,060 9,490,426 36 Docusign Envelope ID.. B9306274-F39C4AD&A83C.5E3B007A40FS CHESHIRE COMMUNITY FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 20. MOVEMENT IN FUNDS- contlnued A current year 12 months and prior year 12 months combined net movement in funds. included in the above are as follows- Incoming resources Resources expended Gains and losses Movement in funds Unrestrlcted funds General fund 360,616 1790,5811 1429,9651 Restrlcted funds Warrington Community fund Warrington Young People Anonymous funds Assura Other funds Bentley Cheshire Food Coordinator Cost of Living Appeal Warrington Fund EMR Fund Encirc Fund MBNA For Cheshlre West 1227.2021 139,9181 1342,1091 11,077,950) {1,216,9881 1328,9511 160,0001 179.5551 1156.0291 1442,8971 1117,1581 122,3951 160,5861 1227,2021 139,7341 1342, 1091 184,8091 114,529 36,049 160,0001 171.1081 13,986 142,5941 18,059 92,608 5,094 184 840,790 1,331,517 365.000 152,351 8,447 170,015 400,303 135,217 115,003 65,680 3,432,156 14,171,738) 152,3SI Endowment funds Communlty Flrst funds Warrington Young People Other fund5 Warrington Communlty Anonymous fund 1587,2311 295,003 24,725 84,081 19,270 101,966 273,573 46,642 478,996 568,576 71,367 563,077 19,270 101,966 525,045 799,211 1,324,256 TOTAL FUNDS 4,317,817 14,962,319) 951,562 307,060 37 Docusign Envelope ID.. B9306214-F39C4ADC-A83C-5E3B007A40F5 CHESHIRE COMMUNITY FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 20. MOVEMENT IN FUNDS- contlnued Restricted Fund Warrington Community Purpose Supporting projects which meet the needs of older people in Warrington For under 25 years old youn8 people in Warrington experiencing difficulties Comprises 3 donor directed f unds Supporting health-improving work by charities and local groups in the communities Relieving hardship to charities and communities in Cheshire & Warrington arising from the Covid emergencv Addressing disadvantage in Crewe under its Advancing Life Chances initiative Support for disadvantaged famS1ies experienclng poverty in Cheshire west Appeal to support people in Cheshire & Warrington facing crisis and hardship due to the Cost of Living Crisis Unspecified causes in the borough For improvement in lives of young people and familles In Cheshire and Warrington and UK wide For environmentally themed projects in Cheshire Support for disadvantaged famllles experiencSng poverty in Cheshire west For empowering people in Cheshire West & Chester to rove their lives and communities Warrington Young People Anonymous fund Assura Cheshire & Warrington Covid and End Food Poverty Bentley Cheshire Food Coordinator Cost of Living Appeal Warrington EMR Encirc MBNA For Cheshire West Endowment Fund Community First Funds Purpose Various donor funds under SIM government match scheme promoted by UK Community Foundations to support charitable and community causes gellerally in Cheshire & Warrington For under 25 years old young people in Warrington experiencing difficulties Supporting projects which meet the needs of older people in Warrington Donor directed fund Warrington Young Peoples Warrington Community Anonymous Transfer5 between funds During the financial year, there were transfers from Endowment funds to Restricted fund5 of £261,556 net. 12023: transfers to Endowment funds from Restricted funds of £134,012 netl. Of this.. Investment income of £211,557 was transferred to restricted funds12023.' £245,9881 Disposal of fixed asset investments of £50,000 was transferred to restricted funds 12023: Donations transferred into endowments of £380,000) There were no transfers otherwise, as the only other movements to endowment funds were their unrealised gains in the year of £196,57512023- Gain £602,636) Transfers from Restricted funds to Unrestricted fund5 totalling £230.634 12023: £221,9631 were made in respect of management fees agreed with donors. 38 Docusign Envelope ID.. B9306214-F39C4ADC-A83C-5E3B007A40F5 21. CONTINGENT LIABILITIES At the 31 December there were grants awarded of £nil 12023-. £nill, where the conditions had not yet been met. 22. RELATED PARfi DISCLOSURES Aggregated trustee donations to the foundation during the year totalled £19,40012023'. £17,500). No trustee expenses were claimed in the period12023: £nill. 39