2021-03-31-accounts - Oxfordshire Community Foundation

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		Page
Charity Information
Trustees' Report		2-9
Independent Auditor's	Report	10-11
Statement of Financial	Activities	12
Balance Sheet		13
Statement ofCash Flows		14
Notes to the Accounts		15-29

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					Balance Sheet
					As at 31st March 2021
					2021		2020
				Note
Fixed Assets
Tangible assets					237,637			247,969
Investments					5,933,941		4,914,412
					6,171,578		5,162,381
Current Assets
Property held	for	sale		9	1,014,487	830,000
Debtors				10	183,910	68,929
Cash at bank	and	in hand			3,507,715	2,408,797
					4,706,112	3,307,726
Creditors: amounts		falling	due
within one year					(387,192)	(551,610)
Net Current Assets					4,318,920		2,756,116
Total assets less current			liabilities		10,490,498		7,918,497
Creditors: amounts		falling	due after
more than one	year			12	(7,000)			(9,625)
Net Assets					10,483,498		7,908,872
Funds
Unrestricted				13	423,349			190,744
Restricted				13/14	3,436,301		2,209,222
Endowment:				13/14
Permanent	endowment				6,262,180	5,156,907
Expendable	endowment				361,668	351,999
					6,623,848		5,508,906
					10,483,498		7,908,872

	Note	2021	2020
Net cash flow from operating activities	17	889,528	647,377
Cash flow from investing activities
Payments to acquire investments			(118,919)
Receipts from sales of investments		17,001
Payments to acquire tangible fixed assets		(992)	(10,482)
Interest received		4,830	14,090
Dividends received		173,551	182,572
Net cash flow from investing activities		194,390	67,261
Cash flow from financing activities
Receipt ofendowment		15,000	114,421
Net cash flow from financing activities		15,000	114,421
Net increase in cash and cash equivalents		1,098,918	829,059
Cash and cash equivalents at 1stApril 2020		2,408,797	1,579,738
Cash and cash equivalents at31stIlarch 2021		3,507,715	2,408,797
Cash and cash equivalents consists of:
Cash at bank and in hand		3,507,715	2,408,797
Cash and cash equivalents at 31stMarch 2021		3,507,715	2,408,797

Fixtures,	fittings and	equipment	over 4 years
ITequipment			over 4years
Freehold	/ Leasehold	property	nil / over the expected	useful	life

	Unrestricted	Restricted	Endowment	2021	2020
	Funds	Funds	Funds	Total	Total
	E		f		E
Dividends	59,584	113,967		173,551	182,572
Bank interest receivable	4,830			4,830	14,090
	64,4'14	113,967		178,381	196,662

		Unrestricted	Restricted	Endowment	2021	2020
		Funds	Funds	Funds	Total	Total
Employment	costs	44,085			44,085	71,105
Fund development		29,804			29,804	25,785
		73,889			73,889	96,890

	Unrestricted	Restricted	Endowment	2021	2020
	Funds f	Funds	Funds	Totalf	Totalf
Grants payable
Restricted grants (see note 14)		1,808,872		1,808,872	1,225,576
Community leadership
Employment costs	30,114	94,250		124,364	109,272
Other costs	8,400			8,400	6,724
Total direct charitable
activities costs	38,514	1,903,122		1,941,636	1,341,572
Support costs
Employment costs re grants	96,002			96,002	81,898
Rent and rates	2,104			2,104	3,474
Governance costs	54,272			54,272	49,164
Fund development	29,804			29,804	25,784
Other costs	33,092		3,324	36,416	46,504
Total support ofcharitable
activities costs	215,274		3,324	218,598	206,824
Total costs ofcharitable
activities	253,788	1,903,122	3,324	2,160,234	1,548,396

			Unrestricted	Restricted	Endowment	2021	2020
			Funds f	Funds	Funds f	Total f	Totalf
Auditor's	remuneration		5,272			5,272	4,453
Employment		costs	49,000			49,000	44,711
			54,272			54,272	49,164

Employment costs
	2021 E	2020f
Wages and salaries	278,727	270,326
Social security costs	22,967	19,385
Pension costs	11,757	17,275
	313,451	306,986

Fixed assets
		Leasehold	Office
		property	equipment f	Total f
Cost
At 1st April 2020		282,500	49,386	331,886
Additions			992	992
At 31st March	2021	282,500	50,378	332,878
Accumulated	depreciation
At 1st April 2020		47,062	36,855	83,917
Charge for the	year	3,324	8,000	11,324
At 31stMarch	2021	50,386	44,855	95,241
Net book value
At 31st March	2021	232,114	5,523	237,637
At 31stMarch	2020	235,438	12,531	247,969

9.	Investments
	a) Fixed asset investments				2021	2020
						f.
	Valuation at 1st April	2020			4,914,412	5,126,060
	Additions at cost					118,919
	Disposals				(17,001)
	Gains/(losses) on revaluation				1,036,530	(330,567)
	Valuation at 31st March 2021				5,933,941	4,914,412
	All investments are managed		by investment	fund managers.	The cash balance within	investments was
	2103,005 (2020:f111,096).
	b) Current asset investments
					2021	2020
					f	F
	Pro e held for sale
	Valuation at 1stApril	2020			830,000	830,000
	Gain on revaluation				184,487
	Valuation at 31st March 2021				1,014,487	830,000
10.	Debtors
					2021	2020f
	Prepayments and accrued income				147,728	36,929
	Other debtors				36,182	32,000
					183,910	68,929
11.	Creditors: amounts	falling due within one		year
					2021	2020
						E
	Accruals				10,120	15,560
	Pension liability				3,500	3,500
	Grants payable				277,694	532,550
	Other creditors				95,878
					387,192	551,610

2021	2020
E	E
7,000	9,625

			Unrestricted	Restricted	Endowment	2021
			Funds	Funds	Funds	Total
			E		E	E
Funds are represented		by
the following	assets:
Tangible fixed assets			5,523		232,114	237,637
Investment	fixed assets		399,639	131,868	5,402,434	5,933,941
Net current	assets		25,187	3,304,433	989,300	4,318,920
Long term	liabilities		(7,000)			(7,000)
			423,349	3,436,301	6,623,848	10,483,498
			Unrestricted	Restricted	Endowment	2020
			Funds	Funds	Funds	Total
			E	E	E
Funds are represented		by
the following	assets:
Tangible fixed assets			12,531		235,438	247,969
Investment	fixed assets		172,838	283,106	4,458,468	4,914,412
Net current	assets		15,000	1,926,116	815,000	2,756,116
Long term	liabilities		(9,625)			(9,625)
			190,744	2,209,222	5,508,906	7,908,872

							Total Named Funds	Total Named Funds
			individuals		Business	Trusts 8	As at	As at
						Foundations	2021	2020
Community	impact Panel			12			23	21
Donor Advised		Panel		8			13	12
Bespoke Panel				2			4	4
				22			40	37
			Balance at			OCF	Transfers	Balance at:
			1stApril			contribution	between	31st
			2020	Income	Expenditure	transfer f	funds E	March 2021 E
Black Minds Matter				1,242,391	(240,138)	(16,800)		985,453
Fund for Sankaipa*			50,140	90,844	(74,955)	(12,576)		53,453
Step Change Fund			770,176	280,000	(153,917)	(14,000)		882,259
David and Claudia	Harding*		11,210	26,678	(2,500)	(8,497)	(8,709)	18,182
Daymark Fund			152,510	120,380	(37,500)	(8,426)	(16,250)	210,714
Health and Innovation				230,000	(67,500)	(23,000)		139,500
NET			36,000	586,089	(581,934)	(40,155)
Recover Stronger					(164,700)		164,700
High Sheriff ofOxfordshire*			18,988	1,590		(488)	(8,000)	12,090
Jane Wates			36,500	325		(16)		36,809
John Lewis Westgate		Fund	26,598				(26,598)
MacTaggart			306					306
Maggie Evans*			9,706	6,764	(10,000)	(2,154)		4,316
Midcounties Cooperative*			1,565	8,994		(2,845)		7,714
Our Common Good			87,824	56,250		(3,938)	(25,000)	115,136
Relate Revenue*			31,381		(5,589)			25,792
Surviving Winter"			59	2,008		(403)		1,664
The Taylor Family Fund			99,625	36,371	(21,406)	(2,546)		112,044
Community Resilience			537,250	369,702	(233,476)	(69,576)	(176,641)	427,259
Oxford Homeless Movement			97,659	151,632	(225,958)	(5,392)	46,598	64,539
Tim Stockdale Foundation			115,141	2,115	(350)	(391)		116,515
Growing Minds			59,583	43,032	(43,309)		9,200	68,506
Other grant making	funds*		67,001	77,477	(39,890)	(18,238)	67,700	154,050
			2,209,222	3,332,642	(1,903,122)	(229,441)	27,000	3,436,301

		Balance at	Balance at		OCF	Transfers	Balance at
		1stApril			contribution	between	31st
		2019	Income	Expenditure	transfer	funds	March 2020
				E	E	E	F
Community Cohesion	Fund	5,295				(5,295)
Fund for Sankalpa*		27,499	152,883	(144,477)	(15,401)	29,636	50,140
Step Change Fund		776,627	446,750	(430,863)	(22,338)		770,176
David and Claudia Harding*		5,064	26,153	(39,548)	(8,352)	27,893	11,210
Daymark Fund		100,000	102,184	(42,521)	(7,153)		152,510
High Sheriff ofOxfordshire*		7,912	15,271	(5,718)	(1,027)	2,550	18,988
Jane Wates		66,500				(30,000)	36,500
John Lewis Westgate	Fund	74,973		(8,375)		(40,000)	26,598
MacTaggart			15,375	(13,031)	(2,038)		306
Maggie Evans*		10,437	6,815	(12,000)	(2,117)	6,571	9,706
Midcounties Cooperative*		7,809	8,756	(22,030)	(2,798)	9,828	1,565
Our Common Good		88,412	26,250	(25,000)	(1,838)		87,824
Relate Revenue*		32,206		(825)			31,381
Surviving Winter"		3,475	1,897	(6,311)	(396)	1,394	59
The Taylor Family Fund		93,195	47,022	(17,300)	(3,292)	(20,000)	99,625
Community Resilience			523,750		(1,500)	15,000	537,250
Oxford Homeless Movement			83,082	(59,679)	(744)	75,000	97,659
Tim Stockdale Foundation			100,071	(3,660)	(307)		115,141
Growing Minds			113,250	(110,667)		57,000	59,583
Other grant making funds*		179,736	347,991	(283,571)	(38,158)	(83,960)	103,001
		1,479,140	2,017,500	(1,225,576)	(107,459)	45,617	2,209,222

				Total Named	Funds
OCF	Individuals	Business	Trusts &	As at	As at
General			Foundations	2021	2020
				16	16

		Balance at	Balance at			Transfers	Investment	Balance at
			1stApril			between	gainsi	31st
			2020	Income	Expenditure	funds	(losses)	March 2021
					E
Beard Charitable
Foundation			333,827			(40,000)	66,212	360,039
Brethertons			59,019			(10)	11,027	70,036
Business Cares	Fund		77,238				15,989	93,227
David 8 Claudia	Harding		755,235				156,341	911,576
Sankalpa			802,425				166,111	968,536
High Sheriff of Oxfordshire			22,334				4,625	26,959
HS Getting Court			15,585			8,000	3,783	27,368
Jubilee Endowment			358,362				74,197	432,559
Maggie Evans Fund			191,490				39,640	231,130
Main Endowment		1	,445,564		(3,324)	(15,353)	307,030	1,733,917
Meech Centenary	Trust		159,417	10,000			33,057	202,474
Midcounties Cooperative			252,860				52,344	305,204
Relate Property			815,000			(10,187)	184,487	989,300
Saunders Family			131,999				27,325	159,324
Surviving Winter			35,797				7,408	43,205
Withy King Fund			52,754	5,000			11,240	68,994
		5,508,906		15,000	(3,324)	(57,550)	1,160,816	6,623,848

		Balance at	Balance at			Transfers	Investment	Balance at
			1stApril			between	gains/	31st
			2019	Income f	Expenditure f	funds E	(losses)	March 2020 f
Beard Charitable
Foundation			273,624	80,000			(19,797)	333,827
Brethertons			56,667	4,421			(2,069)	59,019
Business Cares	Fund		82,492			(2,852)	(2,402)	77,238
David 8 Claudia	Harding		806,615			(27,893)	(23,487)	755,235
Sankalpa			857,016			(29,636)	(24,955)	802,425
High Sheriff ofOxfordshire			23,061				(727)	22,334
HS Getting Court			16,092				(507)	15,585
Jubilee Endowment			375,778			(10,845)	(6,571)	358,362
Maggie Evans Fund			204,516			(7,071)	(5,955)	191,490
Main Endowment		1	,768,368		(3,324)	(116,152)	(203,328)	1,445,564
Meech Centenary	Trust		158,604	10,000		(3,000)	(6,187)	159,417
Midcounties Cooperative			270,533			(9,828)	(7,845)	252,860
Relate Property			815,000					815,000
Saunders Family			118,460	20,000		(500)	(5,961)	131,999
Surviving Winter			38,301			(1,394)	(1,110)	35,797
Withy King Fund			56,563			(1,771)	(2,038)	52,754
		5,921,690		114,421	(3,324)	(210,942)	(312,939)	5,508,906

The positi	on on	these	fu	nds i	s summ	arised	as follows:
								Endowment	Unapplied	Total
								for	total	endowment
								investment	return
At 1stApril 2020:
Gift component		of permanent			endowment		(indexed value)	2,782,490		2,782,490
Unapplied	total	return							(148,912)	(148,912)
								2,782,490	(148,912)	2,633,578
Ilovements:
Gift ofendowment funds				(total	return	funds	only)	15,000		15,000
Dividend	return								95,128	95,128
Gains on	investment		values						546,530	546,530
Indexation	in year							38,061	(38,061)
								53,061	603,597	656,658
Unapplied	total	return	allocated to income				in year
Dividend	return	included		in restricted		income fund			(95,128)	(95,128)
								53,061	508,469	561,530
Gift component		of permanent			endowment		(indexed value)	2,835,551		2,835,551
Unapplied	total	return							359,557	359,557
Total at 31st March			2021					2,835,551	359,557	3,195,108

									Endowment	Unapplied	Total
									for	total	endowment
									investment	return
At 1stApril 2019:
Gift component	of permanent			endowment			(indexed value)		2,701,071		2,701,071
Unapplied total	return									149,347	149,347
									2,701,071	149,347	2,850,418
Movements:
Gift ofendowment funds			(total	return		funds only)			10,000		10,000
Reallocation of	funds	not	included		in	total	return	holding		(51,999)	(51,999)
Dividend return										92,809	92,809
Losses on investment		values								(80,551)	(80,551)
Indexation in year									71,419	(71,419)
									81,419	(111,160)	(29,741)
Unapplied total	return	allocated to			income		in year			(94,290)	(94,290)
Dividend return	included		in restricted			income fund				(92,809)	(92,809)
										(187,099)	(187,099)
Gift component	of permanent			endowment			(indexed value)		2,782,490		2,782,490
Unapplied total	return									(148,912)	(148,912)
Total at 31stIlarch		2020							2,782,490	(148,912)	2,633,578

Reconciliation ofnet	incom	e to net cash flow from	operating activities
			2021	2020
Net income for year			2,574,626	280,106
Dividends received Interest receivable Depreciation oftangible	fixed	assets	(173,551) (4,830) 11,324	(182,572) (14,090) 9,594
(Gains)/losses on revaluation		of investments	(1,221,017)	330,567
Receipt ofendowment (Increase)/decrease in	debtors		(15,000) (114,981)	(114,421) 36,939
(Decrease)/increase in	creditors		(167,043)	301,254
Net cash flow from operating		activities	889,528	647,377