## ## ## ## ## ## ## |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}||||||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||0|ONO|||fw0|||m
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0I-| ## ## ||||||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| |||||0C
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