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2021-03-31-accounts

Two Ridings Community Foundation Annual Report & Financial Statements

For the period ended

31 March 2021

Charitable Incorporated Organisation Registration Number: 1166471

Two Ridings Community Foundation

Contents Page
How Can You Help? 2
Annual Report 3-23
Statement of Trustees’ Responsibilities 24
Independent Auditors’ Report 25-29
Statement of Financial Activities 30
Balance Sheet 31
Statement of Cash Flows 32
Notes to the Accounts 33-61

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Two Ridings Community Foundation

How Can You Help?

Two Ridings Community Foundation is a charity that provides grants & support to local groups, improving lives and communities in North & East Yorkshire, from funds it maintains and administers on behalf of multiple donors.

You can support local communities across North & East Yorkshire by:

We would love to hear from you if you want to discuss how you can support your local Yorkshire community through Two Ridings.

www.tworidingscf.org.uk info@tworidingscf.org.uk 01904 929500

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Two Ridings Community Foundation

The Chairman’s Report

I have pleasure in presenting Two Ridings Community Foundation’s Annual Report and Accounts for the year ending 31[st] March 2021. As was the case for most of us, 2020/21 was challenging because of the coronavirus pandemic. I am extremely proud of the way that Two Ridings responded, adapting its grant making approach to offer timely, flexible funding. Thanks to the considerable sums

raised both locally and nationally, we were able to help local groups respond to the crisis as well as helping essential local charities remain viable as other sources of funds such as fundraising events dried up.

In 2020/21 Two Ridings supported hundreds of local charitable organisations who, overnight in many cases, adapted their services and support so that they could help keep people fed, well, safe and connected. We got grants out quickly to groups to help them re-configure services, move to online delivery and fund the delivery of essential food and medicines. In this year we distributed grants to the value of £3m to 572 small local charities in our region, three times our previous year’s total. We could only do this thanks to the generous support of our growing number of supporters and donors who allowed us to use their donated funds to meet the needs across North & East Yorkshire. We are also grateful to the National Emergencies Trust (NET) which raised nearly £100m nationally and worked closely with the network of 47 community foundations to distribute most of that locally. This demonstrated that community foundations are the best way to reach the grassroots groups across the UK. Our reach and relationships meant we could respond quickly in the first phases of the Covid19 response but also keep supporting essential charitable organisations as they kept responding, despite serious shortfalls in funding from elsewhere.

During the year local charities and individuals received 667 grants from the Foundation ranging from £100 to £49,995. And whilst nearly 75% of our awards were focused on Coronavirus response, we also maintained our support to places affected by flooding in the previous year and other funds where donors or communities needed it to continue. We also launched on 31[st] March 2020 the HEY Confident Futures leadership programme for leaders of the social and cultural sector in Hull and East Riding. At a challenging time for all, this leadership

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programme adapted its offering to be online to provide a vital space for leaders to share their highs and lows and get essential support. We also launched work in York and Scarborough to not only make grants but to also build the networks and support offered to local groups working with Children and Young People. Our thanks go to the funders as well as the participants of this work.

At the heart of our response to the pandemic is the commitment and dedication of our team and the relationship with donors and supporters. With our staff, trustees and volunteer assessors, and our sound policies and procedures, we ensure our grants go to those groups able to make the most impact in their communities. This framework allowed us in the early days of the first lockdown to speed up decision making and be much more flexible whilst retaining the integrity of the process. At the heart of that success was the leadership of the Coronavirus grant making by Jackie McCafferty, Two Ridings Programmes Manager. Our Coronavirus Community Fund developed over time to respond to the changing needs of local organisations and communities.

I am very proud that our grant making was able to support so many charities and good causes right across North & East Yorkshire. The demand for our support is always greater than our resources allow but I consider we are making a significant impact in meeting the continuing demand for our support from organisations working across our region.

The Scarborough Children and Young Peoples Fund and the York Deciding Together Fund are two of the latest of the 94 active funds we hold on behalf of our donors. Our donors know us to have an in-depth knowledge of need in the region, are professional in our execution, effective in our delivery and flexible in our approach. That means donors can be assured that with our expertise their funds make the biggest difference and they can be confident that their donations will go to local causes of their choice in North and East Yorkshire.

We look after our funds very prudently and have a sound approach to financial management, with financial expertise on both our board and on the staff team. I continue to be impressed how we, as a small charity but with ambitious aims and objectives, achieve what we do whilst operating with low overheads. The goal of the Foundation’s trustees and its staff is to ensure the money we raise is well spent and carefully targeted.

Our investment partners CCLA and Brown Shipley work, with the careful oversight of our Investment Committee, to ensure funds are invested to optimise returns, whilst having regard for our risk profile. Our aim is to provide funding to address both the current needs of our communities and also to provide for grant making in future years.

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Credit must go to our Chief Executive, Jan Garrill and her dedicated team who have committed themselves wholeheartedly to ensuring we have risen to the occasion and selflessly worked so hard to meet the demands placed on their shoulders. I am enormously proud to be associated with such an incredible group of people and we owe them a huge debt of thanks.

On behalf of the Board of Trustees, I would like to offer my sincere thanks to all our donors, our volunteers and our supporters. Without their support we would not be able to provide the critical grant making and wider support that benefits so many local people and communities. I’d also like to thank my fellow trustees who give of their time and talents to ensure that the foundation is a forward looking charity with effective governance and leadership. Looking to the future, I am confident that, with my fellow trustees and the team of staff and volunteers, Two Ridings Community Foundation will continue to play a vital role in supporting voluntary and community organisations and in helping to improve the lives of so many people in North & East Yorkshire.

James Naylor Chair

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Two Ridings Community Foundation Legal and Administration Information

Trustees

James Naylor (Chair) Anthony Collinson Paul Downey Rolline Frewen (appointed July 2020) Richard Frith (appointed July 2020) John Furness (resigned December 2020) Hannah Harris Gill Hughes (appointed July 2020) Chris Legard DL Alison Pearson Harriet Reid Deborah Rosenberg Andrew Wilson Venetia Wrigley DL

Chief Executive

Jan Garrill Chief Executive

Registered Office

Pavilion 2000, Amy Johnson Way, Clifton Moor, York YO30 4XT

Auditors

Hunter Gee Holroyd, Club Chambers, Museum Street, York YO1 7DN

Bankers

Virgin Money (formerly Yorkshire Bank), 46 Coney Street, York YO1 9NQ

Investment Managers

CCLA Investment Management Limited, Senator House, 85 Queen Victoria St, London, EC4V 4ET

Brown Shipley 10 Wellington Place, Leeds, LS1 4AP

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Two Ridings Community Foundation Objectives and Activities

Two Ridings Community Foundation is a regional, independent charity committed to improving the quality of people's lives and building stronger communities for future generations in North and East Yorkshire. The Foundation helps communities thrive by making grants and providing support to local community organisations and small local charities who understand the needs of the local people. We do this through the generous investment and donations made by individuals, businesses, charitable trusts and public sector bodies, the funds from which we invest in their local communities.

Charitable Purpose

The Foundation’s principal purpose is the promotion and support of any charitable activity for the benefit of the community in the City of York, the County of North Yorkshire, the County of the East Riding of Yorkshire and the City of Kingston upon Hull[1] .

Public Benefit

The Foundation has met its objectives regarding Public Benefit through the management of grant and support programmes to voluntary and community groups benefitting people living in North and East Yorkshire.

We also make awards to groups outside this primary area of benefit should a donor or fund holder so wish.

Further details of the 667 grants awarded are set out in notes 7 and 25 to the financial statements. Trustees confirm that they have understood and implemented the Charity Commission’s guidance on Public Benefit when planning and reviewing the Foundation’s charitable activities and policies. Every aspect of the work and expenditure of the Foundation is wholly aimed at public benefit.

The grant making programme is directed at supporting community groups or individuals across North and East Yorkshire. The endowment of the Foundation is invested so that the yield on the funds is distributed to community groups for the members of the public of North and East Yorkshire, to local community groups and organisations (and some individuals) that are working to address community needs and improve the quality of life in the region.

New projects such as HEY Confident Futures are aimed at supporting leaders of social and cultural organisations.

1 We can also carry out other similar activities in other parts of the United Kingdom and elsewhere which are, in the opinion of the Board, beneficial to the community.

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Aims

In order to achieve its charitable purpose and vision, the Foundation has two primary aims:

We achieved our aims through our three year strategy 2017-20[2] which has two primary objectives:

Two Ridings: The Grant Maker of Choice in North & East Yorkshire

Our grant making covers a wide range of charitable causes and we are becoming one of the first ports of call for funds for charitable groups in North & East Yorkshire. We continue to offer a friendly and supportive service to grant applicants, some of whom are new to applying for grants, or who have normally faced barriers when it comes to funding, and all of whom have limited time and resources.

We have developed our support to groups through our accessible programme of funding workshops across the region and launched our HEY Confident Futures leadership programme for leaders from the social and cultural sectors in Hull & East Riding to offer them more.

Two Ridings: Inspiring Local Giving and Philanthropy in North & East Yorkshire

The Foundation offers a bespoke service for current and would-be philanthropists by managing tailored and effective giving that makes a real difference to local people and places. As we work with and fund smaller voluntary and charitable causes, our work on promoting philanthropy helps these groups access essential funds that otherwise would not be available to them.

Our programme of place-based funds also continues to grow and develop. We have established this concept of a local fund for a place because we recognise that Two Ridings’ area of North & East Yorkshire is a large and varied place; having funds dedicated for local places like York, Harrogate District, Scarborough etc. means that there is a convenient fund for both donors and groups who want to fund or deliver activity in one place.

2 The Foundation’s long term strategy was reviewed in 2020/21 and a new long term plan agreed for 20212026. Due to the Coronavirus Pandemic, the previous three year plan was extended to run to end of March 2021.

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Achievements and Performance

Our Year in Numbers

This report covers the achievements and performance over the twelve-month period from 1[st] April 2020 to 31[st] March 2021.

There are several achievements to record, particularly regarding a strong grant making performance and growth in funds. On 18[th] March 2020 we opened our Coronavirus Community Fund for donations to support groups responding to the crisis and made our first grants from this fund on 25[th] March 2020. In 2020-21 we awarded 435 Coronavirus grants totalling more than £2.2m to organisations in our region.

During this financial year the Foundation focused on responding to the Coronavirus Pandemic with 75% of our grants made in response to this need. In the year the Foundation awarded 667 grants totaling £2,990,818. Our smallest grant was £100 and our largest was £49,995, with an average grant award of £4,484. We awarded 95 grants to individuals and 572 grants to groups. The average award to groups was £5,166 and the average to individuals was £377.

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Achievements April 2020- March 2021

This was a year like no other, yet its achievements were down to the hard work and commitment of the team alongside strong relationships built over the previous years. Right at the beginning of the pandemic we agreed some core principles to help us keep coherence within what we rightly saw to be a rapidly changing situation. These principles kept us grounded and stopped us being at risk of being overwhelmed by difficult choices. These principles were:

We also worked collaboratively with other charitable trusts and foundations:

As well as tripling our grant making in the year, the way the Foundation operated also changed significantly. Staff went from working in an open plan office and making frequent visits to projects, to all working from home and keeping in touch with each other and applicants/grantees via video conferencing, email and telephone. We held several online workshops for funded groups to support them through the year.

We adapted our due diligence to take into account this changed context while maintaining our focus on understanding the challenges and opportunities facing charitable organisations needing to adapt their delivery at the same time as dealing with increased demand for their services and support.

We worked closely with other funders during the year and are grateful to those that trusted us to distribute their funds locally, and those whom we shared applications.

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Our Impact

Getting funding to where it is most needed

During the pandemic we focused on three levels of funding:

Response – to ensure people were healthy, fed, safe and connected

Recovery – to help community groups stay afloat and cover their core costs

The Future – to see activities and services reopen and look at the challenges ahead

Encouraging Philanthropy

Because of the pandemic we were fully absorbed in helping those affected by the crisis and our fundraising was directed at helping those most in need, with little time to build on our endowment which is important for our future grant giving. However the generosity of our donors, new and old, meant we were able to be proactive in helping those in need in our region.

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meeting digitally six projects funded by Two Ridings in January 2021, thanks to the support of The Lord Lieutenant of North Yorkshire Mrs Jo Ropner.

Grant Maker of choice

This year saw us working remotely and responding more quickly to ever changing needs due to the pandemic. We adapted and streamlined our grant giving and this experience will be used to inform future approaches to grant making. Thanks to the willingness and hard work of the staff and volunteer assessors the turnaround on grant applications averaged 4 weeks, three times as quickly as ‘normal’, whilst still retaining integrity in the process.

“One of my go-to people is always Two Ridings because of how supportive they have been, how easy they are to talk to and how they respond really quickly. They understand local groups, because they have been to see them, or they have talked to them and they know how funding has been spent. I think that is vital. “

Seb Glazer – The Vulcan Centre

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Knowing our communities

The value of the role of Two Ridings as a local, trusted expert for managing funds in times of crisis came to the fore in 2020/21 as we responded to Coronavirus Pandemic.

The grants team developed a Coronavirus Community Fund grants strategy in April 2020 so that we could both manage the funds available over the life of the pandemic and have a clear and transparent rationale for grant allocations. This meant that NET funds were used primarily in the immediate period of lockdown but from the summer 2020 we drew on other, more flexible funds donated locally to respond to the financial crisis facing many organisations as sources of fundraising dried up. We also held back some funds for 2021/22 as we knew other Covid related funding would end in March 2021.

The Coronavirus Grants strategy diagram, shared with our Board of Trustees in June 2020 has proved its value and is still relevant now as we plan our funds and grants as organisations look to help their beneficiaries re-engage in activity from Summer 2021.

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We also recognised the disproportionate impact of the pandemic on our most marginalised communities. A fairer society is something we strive for and last year 23% of our funding went to groups working to reduce inequalities local people face in their everyday lives. Whether that is ensuring Black, Asian minority ethnic communities have their needs supported and voices heard, or older people have the opportunity to thrive, our funds make a difference. We know there is still much to be done and we are reaching out to help those who need additional support to access our funds.

Other notable evidence of our credibility and insight was continued activity in support of people and communities affected by flooding in 2019/20. We successfully received government match funding for the £250,000 we raised for the Swaledale & Wensleydale Recovery Fund. Received in May 2020, this match fund allowed us to provide some significant support to making homes and communities in the area far more resilient to future flooding.

Excellence in service and governance

The achievement of the foundation in terms of grant making and other related activities is down in large part to the excellence and commitment of all involved in Two Ridings. We are very appreciative of all the hard work of the staff and volunteers. We recruited two new members of the team during this year: Ali Spaul and Natasha Billington as well as new volunteer assessors, and members of our grants committee and Coronavirus Community Fund. Our thanks go to all our volunteers who give so generously of their time.

To be a Community Foundation requires passing a triennial Quality Accreditation (QA) process managed by our national body UK Community Foundations (UKCF). We passed with flying colours at our latest assessment this year and have been held up as good practice in a number of areas including financial and investment management and grant making.

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Plans for the Future

Objectives for Year Ending 31[st] March 2022

The Foundation reflected on the year and produced a new long-term plan for 2021- 2026 during the latter half of 2020/21.

Within this process we:

Trustees agreed the long term plan for 2021-26 in June 2021 with a revised vision of:

A connected, thriving North & East Yorkshire for all ,

And a revised mission:

With people at the heart of all we do, we contribute to positive change in North & East Yorkshire by developing relationships, inspiring investment, and making grants to transform lives and strengthen communities.

We have exciting and ambitious plans, building on the experience of the last few years successes but also reflecting the challenging future facing charitable organisations needing grant funding in North & East Yorkshire.

The Foundation’s four aims for the future are:

Placing people at the heart of what we do – starting in 2021/22 with improvements to our back-office processes so staff are freed up to do more proactive work with organisations and their leaders. In June 2021 we introduced a new, much simpler small grants process to support this ambition. We are also seeking to recruit and support trustees that reflect the communities we work with.

Inspiring investment into North & East Yorkshire – In 2021/22 we want to maximise the impact of our work to raise awareness of what we do. In June 2021 we recruited a Communications Officer and she has already made our messaging clearer and more impactful. We had set ourselves the target of doubling our endowment from £6m to £12m by end of March 2026 and we will have already achieved £2.5m of that £6m by autumn 2021.

Transforming communities through grant making – This year we will test out more innovative grants processes like participatory grant making in York and Scarborough and

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introduce a new impact framework using the United Nations Sustainable Development Goals.

Contributing to positive change in our communities – we want to build on the experience of the past year’s £3m grants to use our unique and powerful perspectives and relationships to effect long lasting change. We will achieve this through more strategic relationships with other funders and local stakeholders, building the capacity of people and organisations who are the most marginalised. We will also evidence the importance of small local charitable organisations to people and communities.

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Structure, Governance and Management

Charity Name

Two Ridings Community Foundation, previously the York and North Yorkshire Community Foundation and also known locally as the Community Foundation and Two Ridings CF.

Charity Status

The Two Ridings Community Foundation is a Charitable Incorporated Organisation registered with the Charity Commission, Charity Registration No. 1166471.

The Charity was originally established and registered with the Charity Commission in October 2000, Charity Registration No. 1084043, governed by a Deed of Trust dated 5[th] October 2000 and amended on 27[th] April 2010 and 2[nd] February 2011. The new Charitable Incorporated Organisation was registered with the Charity Commission on 11 April 2016. On 1[st] September 2016 all the assets and liabilities of the former charity were transferred to the new Charitable Incorporated Organisation.

The charitable incorporated organisation (CIO) model for charities was launched by the Government in 2013 to combine the benefits of being a charity with those of being a company. Any charity that wanted to convert to CIO status had to wind up the old organisation and start a new CIO. Two Ridings CF trustees decided in 2015/16 that they wanted to convert Two Ridings from an unincorporated registered charity to a CIO because of the limited liability protection the CIO offers.

Trustees

Trustees are individuals who form the Foundation’s governing body and have the overall legal responsibility for the charity. Trustees guide the Foundation’s vision, values and strategic direction; and support and promote the development of the Foundation. All Board members are expected to commit to and uphold the values and objectives of the Foundation; act with integrity and avoid/ declare personal conflicts of interest; give adequate time and energy to the duties of being a trustee; use their skills and experience to the benefit of the Foundation; attend and contribute to meetings and events.

A trustee is appointed for a term of three years. A retiring trustee is eligible for reappointment, except that a charity trustee who has served for three consecutive terms may not be reappointed for a fourth consecutive term of office but may be reappointed after an interval of at least two years. The constitution states that there must be a minimum of three and a maximum of sixteen trustees.

The day-to-day management of the Foundation is overseen by the Chair and the Board of Trustees.

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Meetings

Trustees formally meet as a board a minimum of four times throughout the year. At these meetings the trustees agree the broad strategy and areas of activity for the Foundation, including consideration of grant making, investment, fundraising, human resources, health and safety, reserves and risk management policies and performance. There are also regular reports from the CEO and the Finance Manager. All charity policies are reviewed on a rolling two year cycle.

Trustees are also members of sub-committees with the following delegated responsibilities:

Finance & General Purpose: Finance, Risk, Data Protection, IT and HR

Investment Committee: Investment management

Grants Committee: Grant making policies procedures and strategy

Remuneration Committee: Remuneration of the key management personnel

Governance Committee: Recruitment & selection of trustees including the chair and appointment to committee roles.

Recruitment, Induction and Training of Trustees

The Board keeps the skill requirements for the Trustee Body under review via the Governance Committee. Recruitment of new trustees is by open advertisement and dialogue with interested parties and is overseen by the Governance Committee. When an individual expresses an interest in becoming a trustee, an initial meeting is held with the Chair and subsequently with other trustees. References are sought and a proposal to appoint a new trustee is submitted to the Board for approval. Once an appointment has been made, the newly elected trustee undergoes an induction programme.

The Foundation keeps up-to-date with key developments by subscription to a number of membership organisations. Training is provided to trustees as and when required, through attendance at training and other Community Foundation events and online resources. A meeting of trustees each year is used to assess board effectiveness and agree action plans to address areas for development.

Remuneration of key management personnel

Remuneration of key management personnel is reviewed annually by the Remuneration Committee and recommendations made to the Trustee Board. Their remuneration is also bench-marked with grant-making charities of a similar size and activity to ensure that the remuneration set is fair and not out of line with that generally paid for similar roles.

Associations and Affiliations

The Foundation is part of a national network of 47 independent Community Foundations across the UK. The Foundations’ umbrella body, UK Community Foundations (UKCF) provides on-going help and support to Foundations. UKCF represents local Foundations at a national and international level, and negotiates and manages national grant making and funding opportunities. The Two Ridings Community Foundation pays an annual membership fee to be part of the network. For more information on UKCF visit www.ukcommunityfoundations.org.

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The Foundation is also a member of Community First Yorkshire and York CVS, working with them and other local development agencies to promote its grants. We also joined Connect Yorkshire in 2018.

UKCF Accreditation

The Foundation has the UKCF Quality Accreditation (QA5) issued in October 2021. The accreditation process is independently assessed and is recognised by national funders and the voluntary sector as a mark of excellence for Community Foundations.

Risk Management

The Foundation has a Risk Register which is updated and reviewed regularly by the relevant sub committees and trustee board. Trustees have identified the principal risks to which the charity is exposed and established appropriate controls and procedures to mitigate risks. The main risks facing the Foundation are:

We also continue to place a high priority on managing our relationships and associated data in line with the increased regulatory frameworks that all charities face. These include the General Data Protection Regulations (GDPR), fundraising regulations, and safeguarding procedures.

Trustees have appropriate controls and procedures in place to mitigate the risks including the following:

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Fundraising

The Community Foundation is registered with the Fundraising Regulator which is the independent regulator of charitable fundraising. All our fundraising aims to meet the requirements of the Charity Commission, the Fundraising Regulator and the Information Commissioner’s Office.

We are committed to following best practice in fundraising and follow the Code of Fundraising Practice issued by the Fundraising Regulator.

The vast majority of our income generation activity is undertaken by our own staff or on our behalf through introductions made by ambassadors and professional advisors. We also connect to potential donors and partners through networking and by raising our profile through communications. We do not share information about donors or supporters without their express permission.

We do not use direct marketing, telephone, or doorstep fundraising and do not employ professional fundraisers or use commercial participators to raise funds on our behalf. Some fundraising may be done for us by third parties, for example community groups who have supported our Disaster Relief funds, or funds where a donor wishes to raise money from friends or family in memory of a loved one. We encourage all volunteer fundraisers to comply with fundraising regulations and are working to develop additional training and guidance to support them.

At Two Ridings we work hard to maintain our reputation and high professional standards. All staff and volunteers receive appropriate training and adhere to our policies and procedures, with particular regard to protecting vulnerable people and being sensitive to people who may be in vulnerable circumstances. We are proud of the trusted relationships we have with donors, supporters and the public and aim to treat everyone, fairly and with respect.

Feedback is important to us to help us monitor and improve our practices. During the year there have been no reported compliance issues with the Code of Fundraising Practice. The Community Foundation also maintains records of all complaints received and during the year received no complaints on its fundraising activities.

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Financial Review

Financial Statements

The financial statements cover the 12 month period from 1[st] April 2020 – 31[st] March 2021. The net movement in funds after investment gains and losses for the 12 month period was £1,915,032 (2020: £545,330)

Total income for the 12 month period to 31[st] March 2021 was £4,186,669 compared with £2,408,380 for the previous year. This included £76,613 for establishing new endowment funds. During the period 667 grants were awarded across 25 programmes totalling £2,990,818 (2020: £1,253,221). The value of the Foundation’s total endowment increased to £6,042,690 at 31[st] March 2021 from £ 4,925,531 at 31[st] March 2020.

Reserves Policy

The Trustees are committed to holding general reserves to ensure that the core activities of the Foundation will continue into the future. The target is to hold a reserve fund equivalent to at least six months core operating costs of the organisation to ensure the smooth running of the Foundation in the event of short term variations in income or unforeseen financial circumstances. Based on the 2021-22 forecast this would be at least £166,000. At 31[st] March 2021 the balance of available ‘free’ reserves, being the balance of unrestricted funds excluding fixed assets is £265,064, which is equivalent to approximately 10 months running costs. Given the impact of the global pandemic on the sector and general funding environment, trustees consider there is likely to be increased uncertainty and risk to income streams for the next 2 years. Trustees therefore consider it prudent to maintain their policy of budgeting for modest surpluses on unrestricted funds with the aim of maintaining reserve levels between 6-12 months running costs during this unprecedented period.

Summary of fund balances at 31[st] March 2021:

Unrestricted: £268,773 Restricted: £2,210,298 Endowment: £6,042,690 Total funds at 31[st] March 2021: £8,521,761

Investment Policy

The Investment Committee is appointed to oversee the management of the Foundation’s investments and meets regularly to review investment performance and investment policy. The trustees have the power to invest in such assets as they see fit. Trustees are mindful of ethical investment considerations but at present have not adopted an ethical policy.

The Trustees have passed a total return resolution for permanent endowments which took effect from 1[st] April 2018 – see note 16 for further details. When determining the amount of unapplied total return to transfer to income the trustees have considered the amount of income required to maintain the current level of grant making activity and the likely needs of future beneficiaries. The expendable endowment is also treated by Trustees as a long term capital fund to provide income for current and future grant making.

In holding long term investments the Trustees seek to achieve the following objectives:

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To grow the overall value of the investment in order to attract new donors to develop the philanthropic objecuves of the Foundation To maintain the real capital value of the endowment over the long trrm and achieve 2 Stable and sust2in2ble return to fund grdnt maknng across our region and help support the operational costs of the Foundation. To invest in a medium risk portfolio consistent with the approach to risk agreed by Trusrees. To optimise performance through investment in a diversified pordolio wich an ESG approach The main investment risk to the Foundation lies in the combination of uncertain investment markets and volatility in yeld. The Foundauon manages these investment risks by retaining expert adwsors and operating an investrnent Folicy that provides for a high degree of diversification of holding5 Within investment 355et da5ses that are quoted on recognised stock exchanges. Investment Performan The markets and our portfolios bounced back strongly in the first quarter of the financial year. after the sharp fall at the start of the parKlemic, and Continu￿ with a strong performance for the year. During these times of exceptional volatiltry our Investment Comrnittee remains vigilant in monitoring perfonnance but as long trrni investors we are also mindful of not being reactive and remain committed to following our long tern) investment objectives. The investment porrfolio is held wtth two Investment Managers. CCLA and Brown Shipley. Over the 12 month pericd the total return of the CCLA Charity Investment Fund WAS 24.3% compared to a return on the comparntor of 22.9%. The Property Fund has a150 perfornied above benchmark 2.5% compared to Eenchmark of 1.9%. with performance supported by the broad Fortfolio structure and limited exposure rD traditional retail assets. Income distributions were between 3.0- 4.6% per annum. The Ferformance of the Brown Shipley portfolio was a return of 28.2% compared to the benchmark of 22.0%. Trustees are monitoring performance and sausfied that both P￿¢follo5 performed well during the period and compared to the benchmarks. Commitments The trustee5 had made no commitrnenrs to future capid purchases, nor Wven any guarantee& at the balance sheet dat Approved by the Board of Trustees on .E.wk.. 2021 and sigrled on their behalf br. James Naylo Chair 23

Two Ridings Community Foundation Statement of Trustees Responsibilities

The trustees of Two Ridings Community Foundation are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

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Two Ridings Community Foundation

Independent Auditor’s Report to the Trustees of Two Ridings Community Foundation

Opinion

We have audited the financial statements of Two Ridings Community Foundation for the year ended 31[st] March 2021 which comprise the Statement of Financial Activities, the Balance Sheet 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 including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the Charity 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 responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

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Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in 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 information and, in doing so, consider 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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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 regard.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Annual Report.

We have nothing to report in respect of the following matters in relation to which the Charities Act 2011 requires us to report to you if, in our opinion:

26

Responsibilities of the trustees

As explained more fully in the trustees’ responsibilities statement set out on page 23, the trustees 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 they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the Charity’s ability 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 Charity or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

We have been appointed as auditor under The Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report 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 (UK) will always detect a material misstatement 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 economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

•the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

27

•we identified the laws and regulations applicable to the charity through discussions with trustees and other management, and from our commercial knowledge and experience of the not for profit and charity sector;

•we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the charity, including the Charities Act 2011, taxation legislation, data protection, anti-bribery and employment legislation;

•we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and

•identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the charity’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

•making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and

•considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations;

To address the risk of fraud through management bias and override of controls, we:

•performed analytical procedures to identify any unusual or unexpected relationships;

•tested journal entries to identify unusual transactions;

•assessed whether judgements and assumptions made in determining accounting estimates were indicative of potential bias; and

•investigated the rationale behind significant or unusual transactions;

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

•agreeing financial statement disclosures to underlying supporting documentation;

•reading the minutes of meetings of those charged with governance; and

•enquiring of management as to actual and potential litigation and claims;

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

28

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they May involve d￿lbera￿ concealment or collusion. A further description of our responsibilitie5 for the audit of the financi￿ Statements is located on the Financial Reporting Council's webstte aL www.frc.o .uk13uditorsres nsibilities. This description fonns part of our auditor s reporL Use of our report This report is made solely to the chariry's trustees. as a body. in accordance with section 144 of the Charities Act 201 l and the regulations made under settion 154 of that Act. Our audit work has been undertaken so that we might Sta￿ to the charity's trustees those matters we are required to sta￿ to them in an audrtor's reFOrt for no other purpose. To the fullest extent permttced by law, we do not accept or assume responsibiltcy to anyone other than the charity and the chariry's trustee5 as a kndy, for our audi£ work for this repor¢ or for the opinions we have form￿. Nigel Everard BA FCA Senior Statucory Auditor For and on behalf of HUNTER GEE HOLROYD Chartered Accountants and Statutory Auditors Club Chambers Museum Street York YOI 7DN 29

TWO RIDINGS COMMUNITY FOUNDATION

Charity No: 1166471

Statement of Financial Activities for the year ended 31 March 2021

Notes
INCOME & ENDOWMENT FROM:
Donations and Legacies
2
Charitable Activities
4
Other trading activities: Fundraising
Investments
3
Other Income
3
TOTAL
EXPENDITURE ON:
Raising Funds
5
Charitable Activities
Grant making
6
Community leadership & development
6
TOTAL EXPENDITURE
Net gains/(losses) on investments
Net income/(expenditure)
Transfers between funds
Net movement in funds
Total funds brought forward
Total funds carried forward		 Restricted
Funds
817,229
3,071,261
1,608
145,865
-
4,035,963
31,664
3,024,630
112,075
3,168,369
69,865
937,459
(229,916)
707,543
1,502,755
2,210,298		 Unrestricted
Funds
7,568
64,210
2,315
-
74,093
72,919
118,158
36,687
227,764
(153,671)
244,001
90,330
178,443
268,773		 Endowment
76,613
-
-
-
76,613
-
-
-
-
1,054,631
1,131,244
(14,085)
1,117,159
4,925,531
6,042,690		 Total Funds
2021
901,410
3,135,471
1,608
148,180
-
4,186,669
104,583
3,142,788
148,762
3,396,133
1,124,496
1,915,032
-
1,915,032
6,606,729
8,521,761		 Total Funds
2020
865,783
1,352,336
30,290
159,971
-
2,408,380
105,177
1,363,130
104,639
1,572,946
(290,104)
545,330
-
545,330
6,061,399
6,606,729

Page 30

TWO RIDINGS COMMUNrrY FOUNDATION Charity No.. 1166471 BALANCE SHEET AS AT 31 MARCH 2021 Total Funds 2021 Total Funds 2020 See Nofe FIXED ASSETS Tangible assets Investments 10 11 5,851 6.408,1 5,291 5,104,618 CURRENT ASSETS Debtots and prepayrnents Dep(6its & Cash 12 1(Q.972 2.781.752 2,882,724 441,261 1,566,638 2.W7,902 CREDITORS,. Amounts falling due within one year Creditors & Ac£ruals 13 775,010 511,tA82 NET CURRENT ASSETS 2.107.714 1,496,820 TOTAL ASSETS LESS CURRENT LIABILrriES 8,521,761 6,606,729 FUNDS Perrnanenl EThJowment Expendable Endowrrent Reslricled fvnds Unrestricted fu￿lS 1&16 15 17 18 415,530 5,627,1eK) 2.210,298 268,773 337,189 4,588,342 1,502,755 178,443 19 8.521,761 6,606,729 The accou Is MEre ap roved by the INstees on.. JAMES NAYLOR CHAIR EW WILSON TREASURER Page 31

TWO RIDINGS COMMUNITY FOUNDATION

Charity No: 1166471

STATEMENT OF CASHFLOWS FOR THE YEAR ENDING 31ST MARCH 2021

See Note
Cash flows from operating activities:
Net cash provided by (used in) operating activities
22
Cash flows from investing activities:
Dividends, interest and rents from investments
Purchase of property, plant and equipment
Proceeds from sale of investments
Purchase of investments
(Increase)/decrease in cash investments
Net cash provided by (used in) investing activities
Cash flows from financing activities
Receipt of endowment
Net cash provided by (used in) financing activities
Change in cash and cash equivalents in the period
Cash & cash equivalents at the beginning of the
reporting period:
Cash & cash equivalents at the end of the
reporting period:
23		 2021
1,030,810
148,180
(2,961)
4,085
(474,204)
291,037
(33,863)
218,167
218,167
1,215,114
1,566,638
2,781,752		 2020
279,243
159,971
(6,065)
-
(249,374)
(266,328)
(361,796)
541,638
541,638
459,085
1,107,553
1,566,638

Page 32

TWO RIDINGS COMMUNITY FOUNDATION

Notes to the Accounts for the year ended 31st March 2021

1 ACCOUNTING POLICIES

a) Basis of Accounting

The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Two Ridings Community Foundation meets the definition of a public benefit entity under FRS 102.

The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts.

b) Preparation of accounts on a going concern basis

The trustees consider there are no material uncertainties about the Charity's ability to continue as a going concern. The review of our financial position, reserves levels and future plans gives Trustees confidence the charity remains a going concern for the foreseeable future.

c) Critical Accounting Judgements and Key Sources of Estimation Uncertainty

The most significant areas of adjustment and key assumptions that affect items in the accounts are to do with estimating the liability from multi-year grant commitments (see note 1(j) and note 13 ). With respect to the next reporting period, 2021-22, the most significant areas of uncertainty that affect the carrying value of assets held by the Foundation are the level of investment return and the performance of investment markets (see the investment policy and investment performance sections of the trustees’ annual report for more information).

d) Fund Accounting

Restricted funds are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for a specific purpose.

Unrestricted funds are funds which can be used in accordance with the charitable objects at the discretion of the trustees.

Permanent Endowment funds are retained for the benefit of the charity as a capital fund which cannot be distributed. Income generated by the investments, after costs of administration, is distributed in accordance with the wishes of the donor.

Expendable Endowment funds are retained for the benefit of the charity as a capital fund. The capital and income generated by the investments, may be distributed at the discretion of the trustees and in accordance with the wishes of the donor.

e) Incoming Resources

Grants, including grants for the purchase of fixed assets, are recognised in full in the Statement of Financial Activities in the year in which they were receivable. Grants are only deferred on the instruction of the donor. All other incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Page 33

TWO RIDINGS COMMUNITY FOUNDATION

Notes to the Accounts for the year ended 31st March 2021

f) Resources Expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.

Grants payable are payments made to third parties in the furtherance of the charity's objectives. Single or multi year grants are charged in the year the offer is conveyed to the recipient except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. At the year end grants offered that have not been paid out are included in creditors.

Overhead and support costs: Where these are specific they have been allocated directly to the appropriate charitable activity. All other overheads have been allocated in proportion to staff time spent on each activity. Further details are shown in note 5.

Raising funds comprise expenses incurred in seeking voluntary contributions and an apportionment of overhead and support costs.

Charitable activities include grants made, development of the Foundation and an apportionment of overhead and support costs.

Governance costs are those in connection with constitutional and statutory requirements including associated management time and an apportionment of overhead and support costs.

g) Tangible Fixed Assets and Depreciation

Tangible fixed assets costing more than £500 are capitalised and included at cost including any incidental expenses of acquisition.

Depreciation of tangible fixed assets is provided at the following annual rates to write off each asset over its estimated useful life.

at the following annual rates to write off each asset over i
Computer equipment 25% straight line
Office equipment 25% straight line

h) Fixed Asset Investments

Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposals throughout the year. The Trust does not acquire put options, derivatives or other complex financial instruments.

i) Realised gains and losses

All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities.

j) Pensions

The Foundation offers a defined contribution pension scheme for employees. Contributions are charged to the SOFA in the period to which they relate. The assets of the scheme are held separately from those of the Foundation in independently administered funds. (See notes 20 and 21 for further details)

Page 34

TWO RIDINGS COMMUNITY FOUNDATION

Notes to the Accounts for the year ended 31st March 2021

2 DONATIONS & LEGACIES

Donations (incl anon)
Appeals
Coronavirus Community Fund Appeal
Coronavirus Scarborough fund
Streetaid Appeals
Surviving Winter Appeals
Flood Appeals
Lord Mayors Charity
York Small Charities
Rank Foundation
The Local Fund for the Harrogate District
Hull City Council
York Fund for Women & Girls
Yorkshire Forces Families
Total Donations & Legacies 2021
Total Donations & Legacies 2020
3 INVESTMENT INCOME
Interest on cash deposits
Investment income		 Restricted
Funds
£
43,999
579,052
33,163
10,787
33,208
40,299
17,875
31,547
26,337
962
-
-
-
817,229
422,846		 Unrestricted
Funds
£
7,568
-
-
-
-
-
-
-
-
-
-
-
-
7,568
29,057		 Endowment
Funds
45,375
-
-
-
-
-
-
-
-
-
-
-
-
31,238
76,613
413,880
Total Funds
2021
4,128
144,052
148,180		 Total Funds
2021
£
96,942
-
579,052
33,163
10,787
33,208
40,299
17,875
31,547
26,337
962
-
-
31,238
901,410
865,783
Total Funds
2020
8,546
151,425
159,971		 Total Funds
2020
£
180,618
53,485
-
7,533
3,431
330,434
-
-
-
5,485
16,034
141,554
127,209
865,783

Following the passing of a total return resolution for permanently endowed funds , income from the endowment investments is recognised as 'Investment Income' in the endowment column of the Statement of Financial Activities.

An appropriate amount of the unapplied total return is allocated to income funds and shown within the 'Other Income' section of the Statement of Financial Activities. Further details are shown in Note 16.

Page 35

TWO RIDINGS COMMUNITY FOUNDATION

Notes to the Accounts for the year ended 31st March 2021

4 CHARITABLE ACTIVITIES

Restricted
Funds
£
Grant making:
Charities Aid Foundation
192,121
East Riding Crime Reduction
124,169
Joseph Rowntree CT - Step Change
63,750
Knabs Ridge Community Benefit Fund
21,711
Rusholme Wind Farm Community Benefit Fund
35,547
Six Penny Wood Wind Farm Comm Benefit Fund
23,358
Allerton Landscape & Cultural Heritage Fund
(64,406)
Fraisthorpe Community Benefit Fund
67,132
Scarborough Opportunity Area
66,000
Sirius Foundation
25,000
Lankelly Chase
443,739
MHCLG Flood Support
248,857
The National Lottery Community Fund - Flood support
80,000
DCMS Coronavirus Programme
396,123
NET Coronavirus Programme
923,212
Bettys
110,000
Peter Sowerby Foundation
68,750
The Local Fund for the Harrogate District
30,000
Tampon Tax
Mohn Westlake
Other small grant programmes
78,812
Total
2,933,875
Community leadership & development
The National Lottery Community Fund
53,112
The Rank Foundation
26,418
Charities Aid Foundation
20,000
Humber, Coast & Vale Health & Care Partnership
25,000
Other
12,856
Total
137,386
Total 2021
3,071,261
Total 2020
1,253,100		 Unrestricted
Funds
£
-
8,733
5,000
2,171
3,950
2,920
14,700
6,713
8,000
8,850
3,000
173
-
64,210
-
-
-
-
-
64,210
99,236		 Total Funds
2021
£
192,121
132,902
68,750
23,882
39,497
26,278
(49,706)
73,845
66,000
25,000
451,739
248,857
80,000
396,123
923,212
118,850
68,750
33,000
173
-
78,812
2,998,085
53,112
26,418
20,000
25,000
12,856
137,386
3,135,471
1,352,336		 Total Funds
2020
£
140,000
165,949
55,000
23,598
39,079
25,858
110,040
73,414
1,500
10,795
-
-
-
213,350
68,750
33,000
73,826
50,000
81,400
1,165,559
25,358
26,419
80,000
55,000
-
186,777
1,352,336

Page 36

5. ALLOCATION OF SUPPORT COSTS AND OVERHEADS

Costs
Salaries - direct
Salaries - grants, finance & admin
Temporary staff/freelance
Training & other staff costs
Consultants & third party fees
Outreach, engagement & participation
Development Costs
Fundraising, Publicity & Events
Office running costs
IT Support
Premises
Depreciation
Payroll costs
Trustees expenses & insurance
Other governance & professional fees
Total 2021
Total 2020		 Raising
Funds		 Charitable Activities Total
Grant
Community
Making
Leadership &
Development
37,397
15,055
17,002
1,148
10,418
6,539
10,193
1,277
2,079
1,973
375
135
251
741
104,583
105,177

Page 37

TWO RIDINGS COMMUNITY FOUNDATION

Notes to the Accounts for the year ended 31st March 2021

6 ANALYSIS OF COSTS OF CHARITABLE ACTIVITY
Grant making
Grants payable (see note 7)
Grantmaking support costs (see note 5)
Total
Community Leadership & Development
Direct activities
Support costs (see note 5)
Total
Total Charitable Activities
7 ANALYSIS OF GRANTS
The amount payable in the year comprises:
Analysis of grants to individuals:
Decent Work and Economic Growth
Good Health and Wellbeing
No Poverty
Peace, Justice and Strong Institutions
Quality Education
Reduced Inequalities
Sustainable Cities and Communities
Zero Hunger
Total Grants to Individuals		 Restricted
Funds
£
2,990,818
33,812
3,024,630
95,491
16,584
112,075
3,136,705
Number
-
-
2
2
-
9
82
-
95		 Unrestricted
Funds
£
118,158
118,158
23,586
13,101
36,687
154,845
Total Funds
2021
£
-
-
234
350
-
3,537
31,683
-
35,804		 Total
2021
£
2,990,818
151,970
3,142,788
119,077
29,685
148,762
3,291,550
Number
-
-
2
-
-
-
311
-
313		 Total
2020
£
1,253,221
109,909
1,363,130
81,668
22,971
104,639
1,467,769
Total Funds
2020
£
-
-
620
-
-
-
253,914
-
254,534

Page 38

TWO RIDINGS COMMUNITY FOUNDATION

Notes to the Accounts for the year ended 31st March 2021

Analysis of grants to organisations:
Decent Work and Economic Growth
Good Health and Wellbeing
No Poverty
Peace, Justice and Strong Institutions
Quality Education
Reduced Inequalities
Sustainable Cities and Communities
Zero Hunger
Total Grants to Organisations
Total Grants Payable
A list of grants awarded to organisations is detailed in Note
Reconciliation of grants payable:
Commitments at 1 April 2020
Commitments made in the period
Grants cancelled or recovered
Grants payable for the period
Grants paid during the period
Commitments at 31 March 2021
8 GOVERNANCE COSTS
Staff costs
Office & Premises
Trustees expenses incl. insurance
Accountants fees for Audit
Accountants fees for other services
Other professional fees		 Number
21
206
41
12
21
121
83
67
572
667
25
3,098,491
(107,673)		 Total Funds
2021
£
120,001
996,422
184,572
89,824
196,903
589,308
503,343
274,641
2,955,014
2,990,818
2021
£
470,206
2,990,818
(2,801,804)
659,220		 Number
5
65
25
26
19
34
67
11
252
565
1,281,286
(28,065)
2021
£
11,252
1,162
1,608
3,420
-
1,329
18,771		 Total Funds
2020
£
7,445
240,825
24,494
167,120
80,943
183,300
272,145
22,415
998,687
1,253,221
2020
£
412,677
1,253,221
(1,195,692)
470,206
2020
£
9,657
1,178
1,570
2,700
-
180
15,285

Page 39

TWO RIDINGS COMMUNITY FOUNDATION

Notes to the Accounts for the year ended 31st March 2021

9 STAFF COSTS

Salaries
Social security costs (incl Employment Allowance)
Pension costs
Other benefits and allowances
Temporary staff/freelance
Average number of employees during the period was:
On a full time equivalent basis
Headcount
Salaries includes £Nil severance payments (2020: £Nil)		 2021
£
225,177
16,459
10,711
3,508
21,069
276,924
7.1
9.4		 2020
£
179,452
11,840
7,773
-
199,065
5.9
9

The Community Foundation considers that its key management personnel comprises the trustees and senior management team. The total employee benefits paid to key management personnel including gross salary, employer pension contributions and employer NI, were £ 182,236 (2020: £125,360).

No employee received remuneration amounting to more than £60,000 in either year.

Neither Trustees nor any person connected with them received any remuneration in either year. (2020: £Nil) No trustees were reimbursed for any expenses during the year. (2020: 5 trustees had expenses totalling £404)

10 TANGIBLE FIXED ASSETS

Cost
At 1 April 2020
Additions during the period
Disposals during the period
As at 31 March 2021
Depreciation
At 1 April 2020
Charge for the period
Disposals during the period
As at 31 March 2021
Net Book Value
At 31 March 2021
At 31 March 2020		 Computer
Equipment
10,886
2,961
13,847
5,661
2,335
7,996
5,851
5,225		 Office
Equipment
965
-
-
965
899
66
965
-
66		 Total
11,851
2,961
-
14,812
6,560
2,401
-
8,961
5,851
5,291

Page 40

TWO RIDINGS COMMUNITY FOUNDATION

Notes to the Accounts for the year ended 31st March 2021

11 FIXED ASSET INVESTMENTS
Listed
Investments/CIS
£
Market value at 1 April 2020
4,675,225
Increase/(decrease) in cash invested
Additions to investments
474,204
Proceeds of Disposals
(4,085)
Realised gain/(loss) in the year
400
Unrealised gain/(loss) in the year
1,124,096
Market value at 31 March 2021
6,269,840
Equities
Fixed Interest/Bonds
Alternatives
Collective Investment Schemes
Deposit and other cash balances		 Deposit &
Other cash
balances
£
429,393
(291,037)
-
-
-
-
138,356		 Total
2021
£
5,104,618
(291,037)
474,204
(4,085)
400
1,124,096
6,408,196
1,989,308
447,986
581,697
3,250,849
138,356
6,408,196		 2020
£
4,879,020
266,328
249,374
-
-
(290,104)
5,104,618
1,325,976
345,822
255,996
2,747,431
429,393
5,104,618

All investments are carried at their fair value. Holdings in common investment funds, unit trusts and open-ended investment companies are at the bid price. The basis of fair value for quoted investments is equivalent to the market value, using the bid price. Asset sales and purchases are recognised at the date of trade at cost (that is their transaction value).

12 DEBTORS AND PREPAYMENTS

Gift Aid tax recoverable
Prepayments
Grant programme income owing
Dormant trust transfer
Other debtors
13 CREDITORS AND ACCRUALS
Grants committed not yet paid *
Other creditors
Deferred income
Accruals		 2021
£
8,304
1,249
53,878
7,247
30,294
100,972
2021
£
659,220
12,112
95,156
8,522
775,010		 2020
£
7,812
4,820
199,095
141,554
87,983
441,264
2020
£
470,206
15,599
20,000
5,277
511,082

Page 41

TWO RIDINGS COMMUNITY FOUNDATION

Notes to the Accounts for the year ended 31st March 2021

14 COMMITMENTS

At 31 March 2021 the charity has annual commitments under non cancellable operating leases as follows:

Expiring within 1 year
Expiring within 2-5 years
15 ENDOWMENT FUNDS
Permanent Endowment
LDJ Design & Display
North Yorkshire Community Fund
Postgate's Foundation
Red & White Fund
Total
Expendable Endowment
Alderman Jackson's Appeal Trust Fund
Community First Prime Opportunities Fund
Community First Whitby Fund
EG & MA Bousfield Fund
The Gilberdyke Endowment Fund
GRE Richard Weare Fund
Hanson 5 Fund
John and Carole Mortimer Endowment Fund
Lyn & Trevor Shears Fund
North Yorkshire Pioneers Fund
North Yorkshire Reward Endowment Fund
Rusholme Windfarm Endowment Fund
The Harry Bolland Fund
The Moss Family Fund
The Whitby Fund
York Children & Young People's Fund
York Women & Girls Fund
Yorkshire Forces Families & Veterans Support Fund
Yorkshire Oaks
Total Endowment		 Opening
Balances
£
7,508
304,372
9,739
15,570
337,189
241,429
22,043
81,808
1,144,306
-
1,527,679
22,374
-
39,776
100,064
491,579
59,664
358,867
75,079
49,895
80,864
141,554
126,496
24,865
4,588,342
4,925,531		 2021
5,433
Incoming
Resources
£
-
-
4,800
4,800
-
6,000
-
19,575
-
15,000
-
-
-
-
-
31,238
71,813
76,613		 2020
9,314
Gain/(Loss)
on
Investments
£
1,633
66,221
2,119
3,568
73,541
52,526
4,311
16,789
248,961
1,129
332,369
4,882
(19)
8,654
21,770
106,950
12,981
78,077
16,335
10,855
17,593
14,046
27,471
5,410
981,090
1,054,631		 Transfers
-
-
-
-
-
(2,760)
(1,325)
-
-
(10,000)
-
-
-
-
-
-
(14,085)
(14,085)		 Closing
Balances
£
9,141
370,593
11,858
23,938
415,530
293,955
23,594
103,272
1,393,267
20,704
1,860,048
17,256
14,981
48,430
121,834
598,529
72,645
436,944
91,414
60,750
98,457
155,600
185,205
30,275
5,627,160
6,042,690

Fund transfers

Fund transfers represent additional amounts drawn down from the capital fund to be distributed as grants.

Page 42

TWO RIDINGS COMMUNITY FOUNDATION

Notes to the Accounts for the year ended 31st March 2021

15 ENDOWMENT FUNDS (continued)

Fund details

The income from the endowed funds detailed below is distributed through parallel run grant funds, listed in Note 17 Restricted Funds.

LDJ Design & Display

A fund to support projects involving disadvantaged children, the homeless and drug related projects.

North Yorkshire Community Fund

A fund to support voluntary groups and small charities serving the communities of North Yorkshire.

Postgate's Foundation

A trust fund to help puchase educational materials for gifted young people residing in the parish of Stokesley.

Red and White Fund

A fund to support social action at a local level in York, East Yorkshire and Hull.

Alderman Jackson's Appeal Trust Fund

A fund to support projects benefiting the inhabitants of Kingston upon Hull.

Community First Prime Opportunities Fund

A fund to support projects working in areas of significant disadvantage which enable children and young people to maximise their potential.

Community First Whitby Fund

A fund to support social action at a local level in Whitby and surrounding area.

The EG & MA Bousfield Fund

A fund for the promotion of good health (both physical and mental), relief of poverty and sickness, conservation of the environment and encouragement of rural activity.

The Gilberdyke Fund

A fund originally set up to support widows in Gilberdyke, now supports activity in the parish of Gilberdyke that addresses identified needs.

GRE Richard Weare Fund

A fund to support small charities and community groups in York, North Yorkshire, East Riding of Yorkshire and Hull.

Hanson 5 Fund

A fund to support activity for the direct wellbeing of people in North Yorkshire, with a particular focus on giving younger adults practical or emotional support to make a 'step on the ladder' and reach their potential.

John & Carole Mortimer Fund

A fund to support charitable activity for the direct wellbeing of people with disabilities, especially children and their families in the Whitby area.

Lyn & Trevor Shears Fund

A fund supporting charitable activity for the direct wellbeing of people in North Yorkshire.

Page 43

TWO RIDINGS COMMUNITY FOUNDATION

Notes to the Accounts for the year ended 31st March 2021

North Yorkshire Pioneers

A fund supporting 'pioneers' developing new charities/projects, especially those put forward by or for young people.

The North Yorkshire Reward Endowment Fund

A fund to support voluntary groups and small charities serving the communities of North Yorkshire to help them meet the priorities of the North Yorkshire Sustainable Community Strategy.

Rusholme Wind Farm Endowment Fund

A fund provided by Rusholme Wind Farm Ltd to assist small voluntary groups to enhance and improve the communities in the parishes of Airmyn, Drax, Long Drax and Newland.

The Harry Bolland Fund

A fund for the benefit of residents of the local authority area of Harrogate Borough Council, North Yorkshire under the umbrella of THE LOCAL FUND for The Harrogate District.

The Moss Family Fund

The fund can use income and/or capital for general charitable purposes in the Kirkbymoorside area of North Yorkshire.

The Whitby Fund

A fund to benefit communitites in Whitby, North Yorkshire and the surrounding area.

York Children & Young People's Fund

A fund to support charities and community groups for the benefit of children and young people in York.

York Women & Girls Fund

A fund to support women and girls in York

Yorkshire Forces Families & Veterans Support Fund

A fund to provide assistance to current or former forces personnel and their families that are experiencing hardship or distress, via organisations that work with the intended beneficiary groups.

Yorkshire Oaks

A fund to support charitable activity for the direct well being of people in North and East Yorkshire, with priority given to activity addressing issues and needs for people (including young people) living in poverty.

Page 44

TWO RIDINGS COMMUNITY FOUNDATION

Notes to the Accounts for the year ended 31st March 2021

16 ENDOWMENT FUNDS - UNAPPLIED TOTAL RETURN

In May 2018 the Trustees passed a total return resolution for the permanent endowment funds commencing 1st April 2018. It is the Trustees' policy to retain sufficient funds within the permanent endowment fund to increase their value in line with inflation measured by the Consumer Price Index to maintain their real value.

Having considered their obligations to current and future beneficiaries and the current economic climate, trustees have made a transfer of £9,272 to distribution funds in the reporting period.

At beginning of the reporting period
Gift component of the permanent endowment
Indexed element of UTR
Unapplied total return available for distribution
Total
Movements in the reporting period
Gift of endowment funds
Investment return: dividends & interest
Gain/(loss) on investment
Unapplied total return allocated to distribution funds
in the reporting period
Net movement in reporting period
At end of reporting period
Gift component of the permanent endowment
Indexed element of UTR
Unapplied total return available for distribution
Total		 Endowment
£
229,632
-
-
229,632
4,800
-
-
-
-
4,800
234,432
-
-
234,432		 Unapplied
Total Return
(UTR)
£
-
49,957
57,600
107,557
-
9,272
73,541
(9,272)
-
73,541
-
52,016
129,082
181,098		 Total
Endowment
£
229,632
49,957
57,600
337,189
4,800
9,272
73,541
(9,272)
-
78,341
234,432
52,016
129,082
415,530

Page 45

TWO RIDINGS COMMUNITY FOUNDATION

Notes to the Accounts for the year ended 31st March 2021

17 RESTRICTED FUNDS

RESTRICTED FUNDS
Opening Incoming Resources Gains/(Losses) Closing
Balances Resources Expended Transfers Balances
£ £ £ £ £
Foundation Development - 1,637 (1,637) -
Allerton Landscape & Cultural Heritage Fund - (64,406) 64,406 - -
Anna Maria Fund 197,243 192,121 (170,932) (10,500) 207,932
Arts for Change 4,854 2,388 - - 7,242
Bettys Community Fund - 75,000 (75,000) -
Bettys Trees For Life 731 35,000 (22,850) - 12,881
Bettys & Taylors Family Fund 119,000 - (100,265) (9,574) 9,161
BSA Ideas fund 7,348 (7,323) - 25
Catalyst Fund 7,626 1,200 (2,000) - 6,826
Comic Relief - Core Strength 2 - - (2) -
Comic Relief Community Cash 1,000 - (1,000) -
Coronavirus Funds
Cellnex - 19,800 - - 19,800
Coronavirus Community Fund 3,365 144,052 (128,318) (10,133) 8,966
Coronavirus (Bettys) Fund - 110,000 (84,063) (5,000) 20,937
Coronavirus Lankelly Chase Build Back Better - 100,000 (88,135) 11,865
Coronavirus (Co-op) Fund - 26,672 (25,338) (1,334) -
Coronavirus (DCMS) Fund - 345,587 (328,307) (17,280) -
Coronavirus (DCMS Match) Fund - 50,536 (48,495) (2,041) -
Coronavirus (JRCT) Fund - 100,000 (52,520) (4,000) 43,480
Coronavirus (JRF) Fund - 100,000 (56,760) (4,000) 39,240
Coronavirus (NET) Fund 24,020 923,212 (832,997) (61,014) 53,221
Coronavirus (Peter Sowerby) Fund - 100,000 (68,527) (4,000) 27,473
Coronavirus (Scarborough) - 33,163 (30,263) (2,653) 247
Duchy of Lancaster Fund - 32,340 - - 32,340
Surviving the Covid Winter - 32,764 (14,143) (2,621) 16,000
Deflog VQ 11,000 - (11,000) - -
Disaster and Recovery Funds
Disaster and Recovery Fund 301 1,387 (20) (84) 1,584
East Yorkshire Recovery Fund 32,813 38,422 (21,700) (3,562) 45,973
North Yorkshire Flood Recovery Fund 78,129 190 (4,434) 73,885
MHCLG Flood Resilience fund - 248,857 (150,907) (19,909) 78,041
Swaledale and Wensleydale Recovery 23,041 300 (16,959) 6,382
York Flood Appeal 336,322 7,854 (18,821) 35,800 361,155
TNL Community Fund Flood Support - 80,000 (3,733) 76,267
Flood Support 4,566 (20,355) 23,642 7,853
Dogger Bank Wind Farm Fund - 25,000 (23,000) (2,000) -
Dragons' Den Fund - 6,250 - - 6,250
East Riding Crime Reduction Fund - 124,169 (124,169) - -
Future Communities Initiative - 5,508 (1,237) - 4,271
Fraisthorpe 93,073 67,132 (16,420) - 143,785
George Toplis 8,832 5 (1,000) (50) 7,787
Grace's Fund 3,653 - - - 3,653
Harrogate Street Aid 5,389 8,462 (3,730) (354) 9,767
HEY Confident Futures 24,542 79,530 (59,809) 44,263

Page 46

TWO RIDINGS COMMUNITY FOUNDATION

Notes to the Accounts for the year ended 31st March 2021

High Sheriff's Fund 14,210 - (1,550) 12,660
Homelessness in York 114 - (114) -
Humber, Coast & Vale VCSE Programme 55,000 25,000 (46,920) (2,850) 30,230
Insite Property Solutions 18,000 (18,000) -
JPG Naylor Fund 9,218 155 (1,000) 1,132 9,505
JRCT Step Change Fund 93 63,750 (34,400) 29,443
Knabs Ridge Wind Farm Community Fund 22,888 21,711 (22,167) - 22,432
Lankelly Chase CYP Inquiry 31,166 (29,860) 1,306
Lankelly Chase Deciding Together Fund - 269,879 - - 269,879
Lankelly Chase YP Participation Grants - 42,694 (28,000) - 14,694
Lord Mayor of York Fund - 18,995 - (1,899) 17,096
Mohn Westlake 50,000 - - 50,000
Opportunity Area Fund - 2,073 (2,073) -
Other anonymous funds - 25,000 - - 25,000
Peter Sowerby Fund 68,750 68,750 (63,455) (6,250) 67,795
Rank Recovery - 24,700 (24,700) - -
Reboot North Yorkshire - 50 - - 50
Richard Weare Fund 17,337 449 3,581 21,367
Rita Hunt fund 6,250 - - - 6,250
Rusholme Windfarm Community Benefit Fund 38,865 37,175 (12,673) (1,229) 62,138
Scarborough Children and Young People's Fund - 91,000 (54,260) (927) 35,813
Six Penny Wood Community Benefit Fund 3,943 23,358 (23,716) - 3,585
Stokesley & Great Ayton Fund 10,330 - (5,000) (500) 4,830
Surviving Winter 2,758 444 (2,308) (320) 574
The Local Fund for the Harrogate District
TLF for the Harrogate District 662 1,450 (2) 2,110
TLF Harrogate District Lottery - - - - -
Harrogate Borough Council Small Grants - 30,000 (22,465) - 7,535
Two Ridings Small Grants 4,632 1,656 (200) 1 6,089
Vital York 550 7,822 (7,247) (1,125) -
Women & Girls Fund 1,878 - (134) - 1,744
York Refugee Appeal 350 - (350) - -
York Small Charities Fund - 31,548 (52,024) 20,476 -
York Street Aid 1,946 2,326 (188) 1,239 5,323
York Street Aid Development 5,235 - (287) - 4,948
Yorkshire Coast Catalyst 14,043 20,000 (33,355) 688
# I Will (Youth Social Action) 45,704 - (45,704) - -

Page 47

TWO RIDINGS COMMUNITY FOUNDATION

Notes to the Accounts for the year ended 31st March 2021

17 RESTRICTED FUNDS (continued)

Endowment Distribution Funds
-
Alderman Jackson's Appeal Trust Fund
3,627
E & M Bousfield Fund
59,182
The Gilberdyke Fund
-
Hanson 5
81
Harry Bolland Fund
15,481
Moss Family Fund
2,678
LDJ Design & Display
1,835
Postgate's Foundation
3,054
North Yorkshire Community Fund
11,596
North Yorkshire Reward Fund
2,493
Red and White Fund
2,313
GRE Richard Weare
2,669
Community First Whitby Fund
3,777
Community First Prime Opportunities
4,364
The Whitby Fund
1,977
York Children & Young People's Fund
13,854
Lyn and Trevor Shears Fund
145
North Yorkshire Pioneers
744
Yorkshire Oaks
90
York Women and Girls
-
Yorkshire Forces Families & Veterans Support
538
John and Carole Mortimer fund
-
1,502,755		 6,586
31,215
452
521
9,789
2,048
205
266
8,303
13,410
1,698
41,673
3,060
723
1,361
2,205
1,085
2,730
678
3,486
3,820
91
4,035,963		 -
(50,264)
-
(10,000)
(15,385)
(2,000)
-
-
(6,025)
(2,000)
(500)
(5,000)
(300)
(1,975)
-
-
-
-
-
-
-
(3,168,369)		 (4,264)
(13,472)
(267)
9,605
(6,337)
(1,547)
(155)
(201)
(5,625)
(8,931)
(375)
(25,232)
887
2,412
(734)
(1,666)
(820)
(1,767)
(512)
(2,257)
(2,468)
(65)
(160,051)		 -
5,949
26,661
185
207
3,548
1,179
1,885
3,119
8,249
6,972
1,636
18,610
2,724
7,199
629
14,393
410
1,707
256
1,229
1,890
26
2,210,298

Gains/Fund Transfers

Transfer from endowment

£14,085 transfers from endowment funds to be distributed as grants.

Transfer to Unrestricted funds

£244,001 transfer to unrestricted funds relates to the contribution to fund management and administration costs as agreed with the donor.

Investment gains/(loss)

£69,865 investment gain relating to long term funds held in the Foundation's investment portfolio.

Fund Details

Foundation Development

Grants and donations to develop philanthropy in the region

Allerton Landscape & Cultural Heritage Fund

A fund to support projects which enhance the landscape, cultural heritage and biodiversity of the designated area of benefit around the Allerton Waste Recovery Park

Page 48

TWO RIDINGS COMMUNITY FOUNDATION

Notes to the Accounts for the year ended 31st March 2021

Anna Maria Fund

The Anna Maria Fund has been established by Charities Aid Foundation to support projects in Kingston Upon Hull and East Riding of Yorkshire that help people suffering from physical or mental health problems.

Arts for Change

A fund to support the use of arts or other cultural activity to enrich and change the lives of those in need.

Bettys Community Fund

A fund to support activity that benefits communities in Yorkshire.

Bettys Trees For Life

A fund to support groups working to improve local green spaces and wildlife habitats.

Bettys & Taylors Family Fund

A fund to inspire, support and enable vulnerable children and young people (up to the age of 25) who face challenging circumstances, through food, catering and hospitality skills.

British Science Association Ideas Fund

A grants programme run by the British Science Association, to enable the development of ideas to address problems related to mental wellbeing.

Catalyst Fund

The Catalyst fund consists of shares held by individual members who vote for different themes each year.

Comic Relief

A fund provided by Comic Relief for projects that will increase access to sports for people who face social exclusion or isolation, or community projects that will increase local services, strengthen communities and provide opportunities for people who are excluded or disadvantaged.

Coronavirus Community Fund(s)

Funds to support organisations affected by the Coronavirus pandemic.

Deflog VQ

A fund set up to support young people in employment, education and training.

Disaster and Recovery Funds

A fund to support individuals and organisations affected by major events. According to donors wishes, this has been subdivided and also includes the following funds: Arkengarth and Swaledale Flood Recovery, East Yorkshire Recovery, Flood Support, North Yorkshire Flood Recovery, Swaledale and Wensleydale Flood Recovery, York and N. Yorks Business Recovery and York Flood Appeal.

Dogger Bank Wind Farm Fund

A fund set up to help vulnerable people affected by Coronavirus in the East Riding of Yorkshire.

East Riding Crime Reduction Fund

A fund providing grants for projects to help reduce crime and anti-social behaviour in the East Riding of Yorkshire.

Future Communities Initiative

Advice for Charities in East Riding on succession planning. Part of a programme led by ERVAS and funded by East Riding of Yorkshire Council.

Page 49

TWO RIDINGS COMMUNITY FOUNDATION

Notes to the Accounts for the year ended 31st March 2021

Fraisthorpe

This fund is for the benefit of the area around the Fraisthorpe Windfarm to improve the local quality of life and community resources for residents who live in the vicinity of the development.

George Toplis - Mental Health through Sport Fund

To provide support for individuals with mental illhealth through sport.

Grace's Fund

A fund set up to help those working with or caring for young children with life limiting illnesses.

Harrogate Borough Council Small Grants

A fund providing grants for projects in the Harrogate district awarded through THE LOCAL FUND for the Harrogate District programme.

Harrogate Street Aid

An appeal to support people with experience of homelessness in the Harrogate District.

HEY Confident Futures

A network and leadership development programme in Hull and East Yorkshire, focusing on the social and cultural sector.

High Sheriff's Fund

To fund charitable organisations in North Yorkshire.

Homelessness in York

A fund to support those working to tackle homelessness in York.

Humber, Coast & Vale VCSE Leadership Programme

Funding to facilitate improved partnership working between Humber Coast & Vale Partnership and the VCSE sector, and to increase the role of the sector in strategic development and the design and delivery of integrated care.

In-Site Property Solutions

A fund to support communities in Hull and East Riding with particular regard to helping veterans and those who have served in the military.

The JPG Naylor Fund

A fund set up to benefit communities; particularly those in York, North Yorkshire, the East Riding of Yorkshire and Hull.

JRCT Step Change Fund

A fund provided by the Joseph Rowntree Charitable Trust to address inequality and hidden poverty, health and wellbeing, loneliness and social isolation in York.

Knabs Ridge Wind Farm Community Fund

A fund provided by RWE npower Renewables to fund charitable, educational, environmental or community projects for the benefit of residents of the parishes of Felliscliffe, Hampsthwaite, Birstwith, Norwood, Menwith with Darley, Haverah Park with Beckwithshaw and Fewston.

Lankelly Chase Build Back Better Fund

A fund launched at the start of the pandemic to support adapting needs of people, organisations and our communities.

Lankelly Chase Deciding Together Fund

A local fund for York that is designed and decided by people in York, for work that supports improvements for people experiencing multiple complex needs.

Page 50

TWO RIDINGS COMMUNITY FOUNDATION

Notes to the Accounts for the year ended 31st March 2021

Lankelly Chase Young People (YP) Participation Grants Fund

A fund providing grants to people working to change systems that negatively impact children and young people, through participatory process and collective activity.

Lord Mayor of York Fund

A fund to support charities chosen by York's Civic Party.

Mohn Westlake

A fund serving disadvantaged young people in the Scarborough District.

Opportunity Area Fund

A fund to support positive impact and social mobility on the North Yorkshire Coast.

Peter Sowerby Fund

A fund established to support small local organisations in rural communities in North Yorkshire and the East Riding of Yorkshire (excluding York and Hull).

Rank Foundation Recovery Fund

Funding to help provide organisational resilience and sustainability during and beyond the pandemic.

Reboot North Yorkshire

A fund to provide grants in North Yorkshire to improve digital inclusion.

Richard Weare Fund

A fund provided by the Richard Weare Charitable Trust that awards grants to projects supporting young people to help them fulfil their potential.

Rita Hunt Fund

A fund established in memory of Rita Hunt by her family to promote the wellbeing and independence of the tenants of the Rita Hunt Extra Care scheme in Beverley, East Yorkshire.

Rusholme Wind Farm

A fund provided by Rusholme Wind Farm Ltd to assist small voluntary groups to enhance and improve the communities in the parishes of Airmyn, Drax, Long Drax and Newland.

Six Penny Wood Wind Farm Community Benefit Fund

This fund is for the benefit of the area around the Six Penny Wood Windfarm in East Yorkshire.

Stokesley & Great Ayton Fund

A fund to improve facilities for young people in the Stokesley and Great Ayton area.

Surviving Winter

The Surviving Winter Fund supports groups working to alleviate the problems faced by older and vulnerable people during the coldest months.

The Local Fund for the Harrogate District (including TLF Lottery)

A fund to support charitable activity in the Harrogate District

Two Ridings Small Grants

A fund to support charitable activity in North and East Yorkshire, York and Hull.

Vital York

A fund to support charitable activity in the City of York.

Page 51

TWO RIDINGS COMMUNITY FOUNDATION

Notes to the Accounts for the year ended 31st March 2021

Women and Girls Fund

A fund to support organisations working with women and girls

York Refugee Appeal

A fund to provide support for Syrian Vulnerable Person resettlement in York as well as other new refugees and asylum seekers living in York. Funded by fundraising activities organised by Northern Youth and local appeals.

York Small Charities Fund

A fund to assist small charities in York to continue work during and after the Coronavirus pandemic.

York Street Aid

An appeal to support people with experience of homelessness in York.

York Street Aid Development

Funds donated to set up and support the promotion of the York Street Aid Appeal.

Yorkshire Coast Catalyst Fund

A fund to encourage collaboration and place based giving in the Scarborough area, in partnership with Coast & Vale Community Action

# I Will (formerly Youth Social Action)

A fund set up to raise the level and quality of youth social action - developing the skills and knowledge of young people that employers look for.

Endowment Distribution Funds

Funds derived from the income from the associated endowment funds to be distributed in accordance with the wishes of the donor.

18 UNRESTRICTED FUNDS

General Fund Opening
Balances
£
178,443
178,443		 Incoming
Resources
£
74,093
74,093		 Resources
Expended
£
(227,764)
(227,764)		 Transfers
£
244,001
244,001		 Closing
Balances
£
268,773
-
268,773

Page 52

TWO RIDINGS COMMUNITY FOUNDATION

Notes to the Accounts for the year ended 31st March 2021

19 ANALYSIS OF NET ASSETS BETWEEN FUNDS

Fixed Assets
Investments
Current Assets
Current Liabilities
2021 Total
2020 Total		 Restricted
Funds
£
2,142
365,806
2,600,119
(757,769)
2,210,298
1,502,755		 Unrestricted
Funds
£
3,709
-
282,305
(17,241)
268,773
178,443		 Endowment
Funds
£
-
6,042,390
300
-
6,042,690
4,925,531		 Total Funds
2021
£
5,851
6,408,196
2,882,724
(775,010)
8,521,761
6,606,729		 Total Funds
2020
£
5,291
5,104,618
2,007,902
(511,082)
6,606,729

20 PENSION SCHEME

Two Ridings Community Foundation currently participates in The Pensions Trust Growth Plan Series 4, which is a multi-employer defined contribution pension plan. The policy provides for benefits on a defined contribution basis and the pension provider holds the assets underlying the policy.

In earlier years, Two Ridings Community Foundation participated in the Pensions Trust Growth Plan Series 3, which is a multi-employer defined benefit pension plan. Growth Plan Series 3 was previously regarded as a money purchase scheme.

As at the balance sheet date there were 10 active members of the plan employed by Two Ridings Community Foundation, 1 deferred member and 1 pensioner member.

Two Ridings Community Foundation is unable to identify its share of the underlying assets and liabilities of the scheme as each employer is exposed to actuarial risks associated with the current and former employees of other entities participating in the scheme. The last formal valuation of the Plan was at September 2020. The Technical Provisions (or scheme funding) basis is used for calculating the Plan's ongoing funding position. At September 2020 the value of the Plan's assets was £799 million and liabilities were £832 million. The valuation revealed a funding deficit of £33 million (2017 triennial valuation: £132 million), equivalent to a funding level of 96% (2017: 86%). These values include Growth Plan Series 1, 2 and 3.

In accordance with FRS 102 Two Ridings Community Foundation is required to account for the pension costs on the basis of contributions actually payable to the scheme in the year.

Two Ridings Community Foundation paid contributions to Growth Plan Series 4 to match the members contribution during the year of 5% and because it only contributed to Growth Plan Series 3 in previous years, and never made contributions to Series 1 or 2, it does not currently have to make contributions to the deficit.

Page 53

21 CONTINGENT LIABILITY

There is a potential liability to meet deficits on funding for the defined benefit scheme (Growth Plan Series 3) if at any time Two Ridings Community Foundation ceases to have active members of the Pensions Trust Growth Plan scheme. On 30 September 2020 the potential liabilty upon withdrawal in respect of the Series 3 Scheme was advised as being £11,932 (September 2019: £13,937)

22 Reconciliation of net income/(expenditure) to net cash flow from operating activities

Net (expenditure)/income for the period
Adjustments for:
Depreciation charges
Receipt of endowment
(Gains)/losses on investments
Dividends, interest and rents from investments
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash provided by (used in) operating activities
23 ANALYSIS OF CASH & CASH EQUIVALENTS
Cash in Hand
Deposits & Cash
Total cash & cash equivalents		 2021
£
1,915,032
2,401
(218,167)
(1,124,496)
(148,180)
340,292
263,928
1,030,810
2021
50
2,781,702
2,781,752		 2020
£
545,330
2,006
(541,638)
290,104
(159,971)
63,981
79,431
279,243
Movement
in cash flow
-
1,215,114
1,215,114		 2020
50
1,566,588
1,566,638

24 RELATED PARTY TRANSACTIONS

Gill Hughes is a Trustee of Two Ridings Community Foundation and a director of Rooted in Hull, who received 3 grants totalling £22,000 from the Coronavirus Community Fund and 1 grant totalling £4,000 from the Bettys and Taylors Famil Fund over the course of the financial year. These awards were made in accordance with the criteria of the fund, Gill Hughes was not involved in the decision making process, the award was permitted by the Charity's constitution and all appropriate procedures were observed.

Deborah Rosenberg is Chair of Trustees at Sight Support Hull and East Yorkshire (formerly HERIB), an organisation who received a multi-year grant of £30,000 from the Anna Maria Charitable Trust Fund in January 2018 (£10,000 of which was paid in the financial year 2020/21). Deborah was not a trustee of Two Ridings at the time of the grant award being made.

Trustees made donations to the charity totalling £ 7,500 including gift aid during the period (2020: £8,175)

Page 54

TWO RIDINGS COMMUNITY FOUNDATION

Notes to the Accounts for the year ended 31st March 2021

**25 ** GRANTS AWARDED TO GROUPS
£
Programme: #I Will
Contributing Funds: #Iwill, Deflog VQ
Grants under £5,000 26,704
Time Bank Hull and East Riding 5,000
SELFA 5,000
Best Hope CIC 5,000
Toranj Tuition 5,000
Grants returned -2,073
44,631
Programme: Allerton Park Landscape & Cultural Heritage Fund - small, medium and large grants
Contributing Funds: Allerton Park Landscape and Cultural Heritage Fund
Grants returned -978
-978
Programme: Anna Maria Charitable Trust (CAF)
Contributing Funds: Anna Maria Charitable Trust Fund
Castaway-Goole Ltd 29,138
29,138
Programme: Bettys and Taylors Family Fund
Contributing Funds: Bettys and Taylors Family Funds
Grants under £5,000 50,270
Giroscope Limited 49,995
100,265
Programme: Bettys and Taylors Coronavirus Community Fund
Contributing Funds: Bettys and Taylors Community Fund, The EG and MA Bousfield Fund
Grants under £5,000 36,200
Musical Connections 5,000
Veterans Woodcraft CIC 5,000
The Friendship Circle of Leeds 5,000
Peasholme Charity 5,000
York Racial Equality Network 5,000
Highfield Food Coop 5,000
Bangladeshi Youth Organisation (BYO) 5,000
Society for Neurodiversity (CIO) (S4Nd) 5,000
Peer Support - New Beginnings 5,000
Settle Community and Business Hub CIC 5,000
Autism Angels 5,000
Incredible Edible Marshland 5,000
96,200
Programme: Bettys Trees for Life
Contributing Funds: Bettys Trees For Life
Grants under £5,000 22,850
22,850

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Programme: British Science Association Ideas Fund
Contributing Funds:
Grants under £5,000
Programme: Community First Prime Opportunities
Contributing Funds: Community First Prime Opportunities
Grants under £5,000
Programme: Coronavirus Community Fund
Contributing Funds:
Grants under £5,000
Advocacy Alliance
Art Therapy Yorkshire
BRIGHT - Barlby Region Independent Group Helpers Together
Coast and Vale Community Action
Coast and Vale Community Action
Colburn Hub and Cafe C.I.C.
Gallows Close Centre Management Committee
Hull Youth Support Trust
Mires Beck Nursery
Sleepsafe Selby
The Hull (North Bransholme) Phoenix Project
Toranj Tuition
Veterans Woodcraft CIC
WHISH - Whitby Hidden Impairments Support & Help
Whitby & District Community Transport
Strive Yorkshire (Strive)
Hull Turkish Education Society
The RCCG Amazing Grace Chapel
Upendo Wetu
York Council For Voluntary Service
Yorkshire Energy Doctor CIC
City of Hull Sport and Community Group CIC
Hull FC Rugby Community Sports and Education Foundation
Tang Hall Community Centre
Sporting Memories Network CIC
Family Matters York
Solidarity Hull
Platform (Hull)
Welfare Benefits Unit
Cruse Bereavement Care Hull and East Riding Area
Borashabaa Refugee Community Organisation
Wellspring Therapy & Training
Everwitch Theatre
Local Works Ltd
City Stars Foundation
Home-Start Craven
Jubilee Church Hull
Pioneer Projects (Celebratory Arts) Ltd
Sidewalk Youth Project
The RCCG Amazing Grace Chapel
whitby underground		 5,148
5,148
300
300
440,629
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,200
5,500
5,580
6,000
6,000
6,000
6,520
7,000
7,000
7,300
7,400
7,440
7,500
7,721
7,794
7,800
8,000
8,420
8,664
8,700
9,000
9,000
9,000
9,000
9,000
9,010

Page 56

Pocklington Rugby In The Community 9,100
The Hinge Centre limited 9,300
St Michael's Hospice 9,407
Kingstrust Network CIO : Gateway Community Care Hub 9,500
Settle Community and Business Hub CIC 9,540
York Travellers Trust 9,576
Gallows Close Centre Management Committee 9,600
Accessible Arts & Media 9,761
Ripon YMCA 9,800
York Mind 9,812
bameen cic 9,850
St Peter's Church 9,870
Humber All Nations Alliance 9,944
Snaith Cowick and Rawcliffe Volunteer Support Group 9,981
1-2-1 Counselling 10,000
Age UK York 10,000
Best Hope CIC 10,000
Beverley Cherry Tree Community Centre 10,000
Big Ambitions CIC 10,000
Big Futures Foundation 10,000
Big Local Selby 10,000
Brunswick Organic Nursery 10,000
Bundles of Joy 10,000
Butterflies Memory Loss Support Group 10,000
Centre for Health & Pastoral Care 10,000
Citizens Advice Mid-North Yorks 10,000
Clean Slate Solutions / Tees Valley Community Projects 10,000
Community Works CIO 10,000
Craven & Harrogate Districts Citizens Advice B 10,000
Craven & Harrogate Districts Citizens Advice B 10,000
East Riding Voluntary Action Services 10,000
East Yorkshire foodbank 10,000
Experience Counts (York) CIC 10,000
Friends of Pelican Park 10,000
Friends of St Nicholas Fields 10,000
Generate 10,000
Goole & District Community Transport Group 10,000
Groundwork North Yorkshire 10,000
Home Start - Goole and District 10,000
Home Start Hull 10,000
Home-Start Richmondshire 10,000
Home-Start York 10,000
Hull 4 Heroes 10,000
Hull and East Yorkshire Children's University 10,000
Hull and East Yorkshire Children's University 10,000
Hull Sisters Ltd 10,000
Hull Sisters Ltd 10,000
Interactive Whitby & District 10,000
KIDS Yorkshire 10,000
Kingfisher Trust 10,000
Kyra Women's Project 10,000
Local Works Ltd 10,000
Love Driffield 10,000
Mind in Harrogate District 10,000

Page 57

Mind in Harrogate District 10,000
Move the Masses 10,000
MySight York 10,000
Next Steps - Mental Health Resource Centre 10,000
Nidderdale Plus Partnership 10,000
North Yorkshire Music Therapy Centre 10,000
Peer Support - New Beginnings 10,000
Preston Road Women’s Centre 10,000
Rainbow Community Gardens 10,000
Resurrected Bites Community Interest Company 10,000
Revival North Yorkshire CIC 10,000
Ripon Community Link 10,000
Rooted In Hull 10,000
Rooted In Hull 10,000
Ryedale Community Transport 10,000
Ryedale Special Families 10,000
Scarborough & District Citizens Advice Bureau 10,000
Scarborough & Ryedale Carers Resource 10,000
Scarborough Survivors 10,000
Scarborough Whitby & Rydale Mind 10,000
Selby District Association For Voluntary Service (AVS) 10,000
Selby Hands of Hope 10,000
Sight Support Ryedale 10,000
Snappy 10,000
Southern Holderness Resource Centre 10,000
Survive 10,000
The Big Communitea 10,000
The Green Team 10,000
The Hut York Ltd 10,000
The Moorlands Community Charity 10,000
Together Women Project 10,000
Toranj Tuition 10,000
Trinity Centre 10,000
Vulcan Boxing Club 10,000
Welcome House 10,000
York & District Citizens Advice Bureau 10,000
York Racial Equality Network 10,000
North Bank Forum 11,504
Harrogate & District Community Action 14,361
Trinity Centre 14,639
Ripon YMCA 14,750
Selby District Association For Voluntary Service (AVS) 14,792
Hambleton Community Action (formerly Northallerton & District Voluntary Service 14,874
Move the Masses 14,925
Sight Support Ryedale 14,966
AGE UK North Yorkshire & Darlington 15,000
Boroughbridge and District Community care 15,000
Community Works CIO 15,000
East Riding Voluntary Action Services 15,000
Hessle Road Network 15,000
Home-Start Craven 15,000
Home-Start Richmondshire 15,000
Humber Community Advice Services 15,000
Platform (Hull) 15,000

Page 58

Purple House
Ryedale Special Families
Scarborough & Ryedale Carers Resource
SELFA
The Moorlands Community Charity
Young Men's Christian Association, Scarborough Branch (Scarborough YMCA)
Yorkshire Dales Millennium Trust
Tigers Sport and Education Trust
Changing Lives
Scarborough Whitby & Rydale Mind
York Community Furniture Store
Adfam
Grants returned
Programme: CYP Inquiry York (Lankelly Chase)
Contributing Funds:
Grants under £5,000
Programme: Disaster and Recovery
Contributing Funds:
Grants under £5,000
Grants returned
Programme: East Riding Crime Reduction Fund
Contributing Funds: East Riding Crime Reduction Funds
Grants under £5,000
Hull FC Rugby Community Sports and Education Foundation
City of Hull Sport and Community Group CIC
Bridlington Seasider CIC
Bundles of Joy
The Right Space
Goole Youth Action
Market Weighton Youth Action Group
East Riding Voluntary Action Services
The Moorlands Community Charity
Bridlington Club for Young People
The Moorlands Community Charity
Grants returned
Programme: Fraisthorpe Wind Farm Community Benefit Fund
Contributing Funds: Fraisthorpe Wind Farm Community Benefit Fund
Grants under £5,000
Carnaby Parish Council
Programme: Humber Coast and Vale VCSE Leadership
Contributing Funds:
Grants under £5,000
Forum
Forum		 15,000
15,000
15,000
15,000
15,000
15,000
20,000
24,000
27,385
27,500
29,618
31,132
-13,981
2,101,684
28,000
28,000
3,527
-4,170
-643
8,240
8,745
8,770
8,820
9,936
9,994
10,000
10,000
12,500
16,000
18,201
20,000
-17,038
124,168
11,420
5,000
16,420
24,400
5,000
14,400
43,800

Page 59

Programme: North Yorkshire Recovery
Contributing Funds:
Arkengarthdale Parish Council
Bellerby Parish Council
Bellerby Parish Council
Citizens Advice Mid-North Yorks
Grinton & Ellerton Parish Council
Leyburn Town Council
National Flood Forum
Swaledale Mountain Rescue Team
Yorkshire Dales Rivers Trust
Programme: Scarborough Children and Young People
Contributing Funds: Scarborough Children and Young People's Fund
Grants under £5,000
Flash Company Arts Ltd. CIC
Futureworks NY
Kingdom Faith Yorkshire Trust
North Yorkshire Sport
Not Pants CIC (trading as Creative Briefs)
Scarborough & Ryedale Carers Resource
Sidewalk Youth Project
Sivik Active
Sound of Scarborough
Whitby Underground CIC
Programme: The High Sheriff of North Yorkshire
Contributing Funds: The High Sheriff of North Yorkshire Fund
Grants under £5,000
Programme: The Knabs Ridge Wind Farm Community Benefit Fund
Contributing Funds: The Knabs Ridge Wind Farm Community Benefit Fund
Grants under £5,000
Programme: The Local Fund for the Harrogate District
Contributing Funds:
Grants under £5,000
Harrogate Clothes Bank, St Mark's Church
Samaritans of Harrogate and District
Wesley Centre
Programme: The Rusholme Wind Farm Fund
Contributing Funds: The Rusholme Wind Farm Fund
Grants under £5,000
Airmyn Parish Council
Grants returned		 8,688
9,118
10,000
10,000
20,000
10,000
12,500
10,000
10,000
100,306
4,260
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
54,260
1,200
1,200
22,167
22,167
22,850
5,000
5,000
5,000
37,850
5,500
7,653
-480
12,673

Page 60

Programme: Sixpenny Wood Wind Farm Fund
Contributing Funds: Sixpenny Wood Wind Farm Fund
Grants under £5,000
Eastrington Playing Fields
Grants returned
Programme: Surviving Winter
Contributing Funds: Surviving Winter Fund, Surviving the Covid Winter
Grants under £5,000
Grants returned
Programme: Two Ridings Small Grants
Contributing Funds:
Grants under £5,000
Bora Shabaa Refugee Community
Veterans Woodcraft CIC
Programme: Vital York
Contributing Funds:
Peasholme Charity
Programme: York Small Charities
Contributing Funds: York Small Charities Fund
Grants under £5,000
Mainstay
York & District Riding for the disabled
York Alcohol Forum
York Family Mediation Service
York Polish Organisation
York Women's Counselling Service
Total grants to organisations		 14,217
10,000
-500
23,717
9,500
-700
8,800
8,788
5,000
10,000
23,788
7,247
7,247
22,023
5,000
5,000
5,000
5,000
5,000
5,000
52,023
2,955,014

Page 61