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2021-03-31-accounts

Trustees
Henry Holland-Hibbert Chair ofTrustees,
Audit and Communications		 8 Development Committees
Anna Bates Grants Committee
Sally Burton
DL		 Grants Committee
(Chair)
Jill Burridge Research and impact Committee (Chair} and Communications &
Development
Committees
Cllr Terry Douris Audit committee
Suzy Harvey
DL		 Grants, Research and Impact and Staffing Committees
Will Hobhouse Communications
and Development		 Committee (Chair)
Gus Machado Governance
and Research
& Impact		 Committees
John Saner Governance
Committee
(Chair)
Simon Tilley Audit Committee
(Chair)
Maggie Turner OBE Grants and Research
&impact		 Committees (resigned 20/10/2020)
Suzanne Westlake Grants Committee
James Williams MBE Staffing (Chair), Grants and Governance
Committees
Staff
Helen Gray Foundation
Director
Georgina
Bawden		 Grants Manager
Simone Deans Office Manager
(from May 20)
Susan Dolton Grants Manager
(from Feb- Dec		 20)
Helen Doubal Head of Grants
Nicky Fawcett Grants Manager —HAPpy programme {from May 21)
Louise Marron Project Manager
(HCF Training		 & Development)
Danielle Hood Marketing
Officer
Linn lvloyster Bookkeeper/Finance
Manager		 (Sept 20 —Feb 21/from Feb 21)
Maureen
Palmer		 Grants Administrator
Ana Siewniak Project Coordinator
(HCF Training		 & Development)
Nicola Stokes Grants Manager
Jack Tang Training
&Development
kickstart		 apprentice (from Apr 21)
Susan Waite Finance Manager (to Feb 21}

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2021 2020
note f f
Fixed assets
Tangible assets 15 670,826 685,004
Investments 16 11,355,507 9,079,433
Mixed motive investments 17 607,619 607,619
12,633,952 10,372,056
Current assets
Debtors 18 79,145 218,787
Cash at bank and in hand 1,428,230 741,815
1,507,375 960,602
Liabilities
Creditors: amounts due within one year 19 (177,101) (252,074)
Net current assets 1,330,274 708,528
Total net assets 13,964,226 11,080,584
The funds ofthe charity
Endowment funds
General 10,385,148 10,383,371
Revaluation reserve 2,627,168 190,031
13,012,316 10,573,402
Restricted income funds 948,551 498,876
Unrestricted funds 3,359 8,306
13,964,226 11p080,584
Hertfordshire
Community
Foun
Statement
ofcash flows
For the year ended 31March 2021		 d atio n
2021 2020
f F
Cash flows from operating
activities:
Net cash provided
by/(used
in) operating		 activities (note i) 435,493 204,734
Cash flows from investing
activities:
Dividends,
interest
and rents from investments		 255,102 275,863
Purchase ofproperty
plant and equipment		 (4,579) (5,630)
Proceeds from sale ofinvestments 399
Purchase of investments (530,782)
Net cash provided
by (used in) investing		 activities 250,922 (260,549)
Change
in cash and cash equivalents
in		 the reporting period 686,415 (55,815)
Cash and cash equivalents
at beginning		 of the reporting period 741,815 797,630
Cash and cash equivalents
at end ofthe		 reporting period (note ii) 1,428,230 741,815
Note
i
Net income/(expenditure)
for the reporting		 period 2,883,640 (188,151)
(as per the Statement of Financial Activities)
Adjustment
for:
Depreciation 18,757 17,210
Unrealised
Losses/(Gains)
on investments		 (2,276,471} 754,081 '
Dividends,
interest
and rents from investments		 (255,102) (275,863)
(Increase}/decrease
in debtors		 139,642 (199,417)
Increase/(decrease)
in creditors		 (74,973) 96,874
Net cash provided
by (used in) operating		 activities 435,493 204&734
Note
ii
Analysis ofcash and cash equivalents
Cash in hand 1,428,230 741,815
1,428,230 741,815

Income from donations
and legacies
2021 2020
E f
Donations 2,756,061 1,529,272
Other grants
Membership 3,555 3,935
2,759,616 1,533,207

Income from charitab le
activities
2021 2020
E E
Performance related grants 299,509 154,577
Lettings 11,635 18,1?9
Management fees 41,000 6,500
352,144 179,256

4. Income from othe r trading
2021 2020
E E
Rent 37,864 34,697
Fundra ising 30 31,680
Sponsorship 2,800
37,894 69,177
5. Income from Investments
2021 2020
E E
Listed Investments —within the UK 254,605 271,616
Bank interest 497 4,247
255,102 275,863
6. Expenditure on raising funds
2021 2020
E E
Direct costs 4,689 12,123
Support costs 114,766 125,904
119,455 138,027

Activity or Project Activity or Project Direct Grant Grants Support Total
Current
Year		 Activity Institutions Ind&v&duals Costs 2021
f E E f
Grants programme (note 9) 2,182,829 29,953 226,855 2,439,637
HCF Training & Development 97,203 24,715 121,918
Rowlanclson Sponsorship 8,577 8,577
Crowdfunder 108,000 108,000
213,780 2,207,544 29,953 226,855 2,678,132
Direct Grant Grants Support Total
Prior Year Activity Institutions Individuals Costs 2020
E E E E f
Grants programme {note9) 959,137 22,923 206,867 1,188,927
Herts Matters 14,595 14,595
HCF Training & Development 103,735 33,676 137,411
Rowlanclson Sponsorship 12,613 12,613
130,943 992,813 22,923 206,867 1,353,546
Support Costs
2021 2020
E f
Support
Staff Costs 223,950 192,213
Premises 22,188 36,531
Office costs 22,244 29,446
Depreciation 18,757 17,210
Other 16,362 22,100
303,501 297,500

Fo r the year ended 31March 2021 r the year ended 31March 2021 r the year ended 31March 2021 r the year ended 31March 2021
8. Support Costs (continued} 2021
f		 2020
f
Governance
Staff costs 23,9?7 22,188
Trustee expenses
Audit fees 10,360 9,840
Professional and legal fees 2,609 1,221
Trustee indemnity insurance 1,175 1,240
Other 782
38,121 35,271
Total 341,622 332771
Allocated to activities: based on staff time
Raising funds 114,767 125,904
Charitable
Activities		 226,855 206,867
341,622 332,771
9. Grant making
Grants to Grants to Total
Current
Year		 institutions individuals 2021
f f f
Fairness 288,222 29,953 318,175
Housing 3,372 3,372
Safety 20,730 20,730
Healthy
Living		 492,347 492,347
Strong Communities 73,998 73,998
HCF Training & Development 24,715 24,715
Environment 4000 4,000
Emergency
Coronavirus		 Response 1,300,160 1,300,160
2,207,544 29,953 2,237,497

Prior Year Prior Year Grants to Grants to Total
institutions individuals 2020
E E E
Fairness 141,356 22,923 164,279
Housing 18,909 18,909
Safety 136,010 136,010
Work 5 Learning 95,195 95,195
Healthy Living 322,841 322,841
Strong Communities 244,826 244,826
HCF Training 5 Development 33,676 33,676
992,813 22,923 1,015,736

This is sta tecl after char ging/(creditin g):
2021 2020
E E
Depreciation 18,757 17,210
Auditors' remuneration (excluding VAT)
Audit 8,633 8,200
Other services
2021 2020
f E
Salaries and wages 258,102 228,318
Social security costs 17,332 15,896
Employer's contribution to defined contribution pension schemes 20,718 19,203
296,152 263,417

2021 2020
No:
Raising funds
Charitable
Activities		 2.1
).0		 2.1
5.0
Support 2.8 1..8
Governance 1.1 1.. '1
11.0 10.0

Freehold Computer Furniture
&		 Total
land & equipment equipment
buildings
f
Cost
At beginning of year 874,666 42,936 79,8/9 997,481
Aclditions 1,155 3,424 4,579
Disposals
At end ofthe year 874,666 44,091 83,303 1,002,060
Depreciation
At beginning of year 198,151 41,185 73,141 312,477
Charge for year 15,500 782 2,475 18,757
Eliminated on disposal
At end ofthe year 213,651 41,967 75,616 331,234
Net book value
At beginning ofyear 676,515 1,751 6,738 685,004
At end ofthe year 661,015 2,124 7,687 670,S26

Listed Inv estments
2021 2020
f f
Fair value at the start ofthe year 9,079,433 9,302,732
Additions at cost 530,782
Disposal proceecls (399)
Unrealised net
gain/(loss)		 on change in fair value 2,276,473 (754,081)
Fair value at end ofthe year 11,355,507 9,079,433
Historic cost at the end of the year 8,728,337 8,8S9,401

2021 2020
Listed investments all held within the UK comprise: f E
Rathbone
Unit Trust Management		 7,271,873 5,583,905
COIF Charities
Investment		 Fund 4,082,740 3,383,547
Cash held by brokers for re-investment 894 111,980
11,355,507 9,079,433
Mixed motive investments
2021 2020
f E
Freehold
land and		 buildings
Cost at start ofthe year 607,619 607,619
Additions
Cost at end ofthe year 607,619 607,619

Debtors
2021 2020
f f
Trade debtors 39,274 173,127
Other debtors 3,771 1,637
Prepayments 6,350 26,436
Accrued income 29,750 17,587
79,145 218,787

2021 2020
E E
Trade creditors 587 6,809
Other creditors 3,605 9,806
Accruals 120,759 143,704
Deferred Income (note 20) 52,150 91,755
177,101 252,074
20.Deferred income
2021 2020
E f
Balance at the beginning ofthe year 91,755 121,575
Amount released to income in the year (112,978) (117,365)
Amount deferred in the year 73,373 87,545
Balance at the end ofthe year 52,150 91,755
Current Year Unrestricted Restricted Endowment Endowment Total
2021
E E E f
Tangible
fixed assets		 9,813 661,013 670,826
Investments 11,355,507 11,355,507
Mixed motive investments 607,619 607,619
Net current assets (6,454) 948,551 388,177 1,330,2/4
Net assets at the end ofthe year 3,359 948,551 13,012,316 13,964,226
Unrestricted Restricted Endowment Total
Prior Year 2020
E f E
Tangible
fixed assets		 8,489 676,515 685,004
Investments 155,362 8,924,071 9,079,433
Mixed motive investments 607,619 607,619
Net current assets (183) 343,514 365,197 708,528
Net assets at the end of the year 8,306 498,876 10,573,402 11,080,584

2021 2020
f f
Less than one year 555 458
1-5years 2,045
2,600 458
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