## **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: 

- Setting up a named fund supporting a local community or cause you are passionate about 

- Becoming a Two Ridings Supporter 

- Leaving a gift in your will 

- Providing sponsorship or in-kind support 

- Making a donation to one of our collective appeals, like Surviving Winter 

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: 

- To promote and facilitate philanthropy to raise funds for both immediate grant making and to grow the Foundation’s long-term endowment, ensuring grants will be available for years to come. 

- To make grants to community projects, voluntary groups and small charities across North and East Yorkshire that address community needs and improve quality of life. 

## **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: 

- Maintaining our focus on the needs of grassroots groups; 

- Making applying for a grant as easy as possible; and 

- Making sure we supported groups for their long term future, as well as the here and now. 

We also worked collaboratively with other charitable trusts and foundations: 

- Distributing their donations e.g. Joseph Rowntree Foundation, The Peter Sowerby Foundation, Joseph Rowntree Charitable Trust, National Emergencies Trust (NET) and others both local and national. 

- Sharing resources & knowledge– a representative from The National Lottery Community Fund sat on our Coronavirus Panel, a member of our team sat on a panel for a funder in the East Riding of Yorkshire, and Joseph Rowntree Housing Trust grants staff joined our grants assessments team. 

- Matching funding – working with Yorkshire Dales Millennium Trust and St Monica’s Trust in Easingwold so that we could maximise their reach and our funds. 


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. 

- We set ourselves a target of raising £2.5m for the Coronavirus response and we exceeded that, raising £2.8m of new and repurposed funds. 

- Most donors agreed to allow us to repurpose their funds to respond to the pandemic allowing the grants team flexibility to respond and support many more groups. 

- We established relationships with new donors who contributed significantly towards the £0.9m donations received this year. 

- We achieved a number of significant media and other profile-raising events, with HRH Duke of Cambridge meeting The Moorlands Centre in Goole over Zoom and HRH Earl of Wessex 

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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. 

- In January 2021 we sponsored Vulcan Learning Centre at The Funding Network event, where they raised nearly £20,000 towards their IT suite. 

- In March 2021 we held an online event with keynote speech from Danny Kruger MP with contributions from Two Ridings donors and supporters: Alex Boyle from In-Site Property Solutions, Bruce Warnes from the Shears Foundation and Liz Wild from McInroy and Wood. 

- We were proud to host the Lord Mayor of York’s Fund for small charities, this was one of a number of new funds this year. 

## **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. 

- We made grants totalling £2,990,818 - a record breaking year in Two Riding’s grant making history. 

- We hosted 51 grant making panels of interested parties which, together with our own Grants Committee, made our grant making robust and transparent. 

- We assessed 1153 applications and awarded 667 grants. All grants are monitored and although we paused monitoring visits during the pandemic, these have now resumed. Alongside the monitoring visit process a number of trustees and donors visited projects funded “One of my go-to people 

- to gain insight into their work. We are delighted to is always Two Ridings 

- feature some of the inspirational case studies in our because of how fund statements and impact reports. supportive they have 

“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. “ 

- To make applying for a grant as simple and understandable as possible, we rolled out a programme of drop-in and workshop sessions for groups to make it easier to apply. 

- To make the financial aspect of applying for a grant easier, we introduced a template financial budget alongside workshop sessions and videos on how to use the template. Stephanie Dunnill Finance Manager presented on this approach at the Yorkshire Funders Forum. 

Seb Glazer – The Vulcan Centre 

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- Recognising their global importance, we started using the United Nation’s Sustainable Development Goals (SDGs) to report on grant making. 

- We worked closely with the York Multiple Complex Needs Network and Lankelly Chase Foundation to develop the York Deciding Together, an innovative participatory grant making scheme. 

## **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. 

- Assisting our learning and continuous improvement, in 2020/21 we have: 

- Undertaken Lumina Sparks training, delivered by HEY100 alumni Beth Goddard, which supported the team’s development, especially when we were all working from home and missing the face to face support and camaraderie. 

- Been on a process review identifying areas of improvement in our services and thanks to funding from Rank Foundation we have been able to invest in essential ‘back office ’improvements to critical IT, finance and other activity. 

- Used our membership of the Diversity, Equity & Inclusion (DEI) Coalition of funders to think deeply about all areas of activity and become more representative of the diverse communities we seek to serve. From that work, we better understand the structural inequalities that too often hold them back and we are more open to new and different experiences and views in our decision making. Thanks to the leadership from Ali Spaul in the Foundation’s team and the Task group of staff, trustees and volunteers we have made and continue to make good progress. 

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- Continued to grow, develop and support our volunteer assessors who are a significant asset to the organisation. Their contribution of time and deep appreciation of local, grassroots groups means that groups are not assessed solely on what they write in the application form. This process means we fund the best groups, not the groups that write the best applications. Thanks to many new assessors who joined us in 2020 when we needed to ramp up our grant making. With the help of all our assessors we were able to turn around applications within 4 weeks whilst maintaining integrity of the process. 

- Thanks to the support from Lankelly Chase Foundation we have gained insight and development in the skills associated with participatory grant making, systems thinking and facilitation. 

- Continue to be active members of UKCF, participating in much that the network offers and active members of Yorkshire Funders Forum. 

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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: 

- Reflected on what the experiences of the last year has told us about the value and contribution we can bring in our region & what might be our priorities for the longer term. 

- Listened to others’ views on our role, how we go about achieving it and what are the markers of success. 

- Gave ourselves some space to review our vision and mission so that it better reflects what we do and why. 

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: 

- Failure to attract new funds and grow in line with long term plan and development goals 

- Impact of coronavirus on operation of the organisation and the funding environment in the future 

- Impact of IT failure or fraud 

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: 

- Employing staff with appropriate training, skills and experience where necessary. 

- Completing an annual business plan, including long term strategic development plan, diversification of income sources and fundraising for core costs. 

- To review insurance provision annually. 

- To have a comprehensive investment policy, and to review investment allocations and performance on a regular basis. 

- To establish and review policies and procedures regularly 

- To hold regular meetings between the Chair and the Chief Executive to discuss and review work load, aims and achievements. 

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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: 

22 



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: 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the Charities SORP; 

- make judgments and accounting estimates that are reasonable and prudent; 

- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements, and 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. 

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. 

24 



## **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: 

- give a true and fair view of the state of the charity's affairs as at 31[st] March 2021 and of its income and expenditure, for the period then ended; 

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, and 

- have been prepared in accordance with the requirements of the Charities Act 2011. 

## **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: 

25 



- the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or 

- the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the Charity’s ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. 

## **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: 

- sufficient accounting records have not been kept; 

- the financial statements are not in agreement with the accounting records and returns; or 

- we have not obtained all the information and explanations necessary for the purposes of our audit. 

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_<br>**INCOME & ENDOWMENT FROM:**<br>Donations and Legacies<br>_2_<br>Charitable Activities<br>_4_<br>Other trading activities: Fundraising<br>Investments<br>_3_<br>Other Income<br>_3_<br>**TOTAL**<br>**EXPENDITURE ON:**<br>Raising Funds<br>_5_<br>Charitable Activities<br>Grant making<br>_6_<br>Community leadership & development<br>_6_<br>**TOTAL EXPENDITURE**<br>Net gains/(losses) on investments<br>**Net income/(expenditure)**<br>Transfers between funds<br>**Net movement in funds**<br>Total funds brought forward<br>**Total funds carried forward**|**Restricted**<br>**Funds**<br>817,229<br>3,071,261<br>1,608<br>145,865<br>-<br>**4,035,963**<br>31,664<br>3,024,630<br>112,075<br>**3,168,369**<br>69,865<br>**937,459**<br>(229,916)<br>**707,543**<br>1,502,755<br>**2,210,298**|**Unrestricted**<br>**Funds**<br>7,568<br>64,210<br>2,315<br>-<br>**74,093**<br>72,919<br>118,158<br>36,687<br>**227,764**<br>**(153,671)**<br>244,001<br>**90,330**<br>178,443<br>**268,773**|**Endowment**<br>76,613<br>-<br>-<br>-<br>**76,613**<br>-<br>-<br>-<br>**-**<br>1,054,631<br>**1,131,244**<br>(14,085)<br>**1,117,159**<br>4,925,531<br>**6,042,690**|**Total Funds**<br>**2021**<br>901,410<br>3,135,471<br>1,608<br>148,180<br>-<br>**4,186,669**<br>104,583<br>3,142,788<br>148,762<br>**3,396,133**<br>1,124,496<br>**1,915,032**<br>-<br>**1,915,032**<br>6,606,729<br>**8,521,761**|**Total Funds**<br>**2020**<br>865,783<br>1,352,336<br>30,290<br>159,971<br>-|
|---|---|---|---|---|---|
||||||**2,408,380**|
||||||105,177<br>1,363,130<br>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_<br>**Cash flows from operating activities:**<br>**Net cash provided by (used in) operating activities**<br>22<br>**Cash flows from investing activities:**<br>Dividends, interest and rents from investments<br>Purchase of property, plant and equipment<br>Proceeds from sale of investments<br>Purchase of investments<br>(Increase)/decrease in cash investments<br>**Net cash provided by (used in) investing activities**<br>**Cash flows from financing activities**<br>Receipt of endowment<br>**Net cash provided by (used in) financing activities**<br>**Change in cash and cash equivalents in the period**<br>**Cash & cash equivalents at the beginning of the**<br>**reporting period:**<br>**Cash & cash equivalents at the end of the**<br>**reporting period:**<br>23|**2021**<br>**1,030,810**<br>148,180<br>(2,961)<br>4,085<br>(474,204)<br>291,037<br>**(33,863)**<br>218,167<br>**218,167**<br>**1,215,114**<br>1,566,638<br>**2,781,752**|**2020**|
|---|---|---|
|||**279,243**<br>159,971<br>(6,065)<br>-<br>(249,374)<br>(266,328)|
|||**(361,796)**<br>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)<br>Appeals<br>Coronavirus Community Fund Appeal<br>Coronavirus Scarborough fund<br>Streetaid Appeals<br>Surviving Winter Appeals<br>Flood Appeals<br>Lord Mayors Charity<br>York Small Charities<br>Rank Foundation<br>The Local Fund for the Harrogate District<br>Hull City Council<br>York Fund for Women & Girls<br>Yorkshire Forces Families<br>Total Donations & Legacies 2021<br>Total Donations & Legacies 2020<br>**3 INVESTMENT INCOME**<br>Interest on cash deposits<br>Investment income|**Restricted**<br>**Funds**<br>**£**<br>43,999<br>579,052<br>33,163<br>10,787<br>33,208<br>40,299<br>17,875<br>31,547<br>26,337<br>962<br>-<br>-<br>-<br>817,229<br>422,846|**Unrestricted**<br>**Funds**<br>**£**<br>7,568<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>7,568<br>29,057|**Endowment**<br>**Funds**<br>45,375<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>31,238<br>76,613<br>413,880<br>**Total Funds**<br>**2021**<br>4,128<br>144,052<br>148,180|**Total Funds**<br>**2021**<br>**£**<br>96,942<br>-<br>579,052<br>33,163<br>10,787<br>33,208<br>40,299<br>17,875<br>31,547<br>26,337<br>962<br>-<br>-<br>31,238<br>901,410<br>865,783<br>**Total Funds**<br>**2020**<br>8,546<br>151,425<br>159,971|**Total Funds**<br>**2020**<br>**£**<br>180,618<br>53,485<br>-<br>7,533<br>3,431<br>330,434<br>-<br>-<br>-<br>5,485<br>16,034<br>141,554<br>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**<br>**Funds**<br>**£**<br>**Grant making:**<br>Charities Aid Foundation<br>192,121<br>East Riding Crime Reduction<br>124,169<br>Joseph Rowntree CT - Step Change<br>63,750<br>Knabs Ridge Community Benefit Fund<br>21,711<br>Rusholme Wind Farm Community Benefit Fund<br>35,547<br>Six Penny Wood Wind Farm Comm Benefit Fund<br>23,358<br>Allerton Landscape & Cultural Heritage Fund<br>(64,406)<br>Fraisthorpe Community Benefit Fund<br>67,132<br>Scarborough Opportunity Area<br>66,000<br>Sirius Foundation<br>25,000<br>Lankelly Chase<br>443,739<br>MHCLG Flood Support<br>248,857<br>The National Lottery Community Fund - Flood support<br>80,000<br>DCMS Coronavirus Programme<br>396,123<br>NET Coronavirus Programme<br>923,212<br>Bettys<br>110,000<br>Peter Sowerby Foundation<br>68,750<br>The Local Fund for the Harrogate District<br>30,000<br>Tampon Tax<br>Mohn Westlake<br>Other small grant programmes<br>78,812<br>**Total**<br>**2,933,875**<br>**Community leadership & development**<br>The National Lottery Community Fund<br>53,112<br>The Rank Foundation<br>26,418<br>Charities Aid Foundation<br>20,000<br>Humber, Coast & Vale Health & Care Partnership<br>25,000<br>Other<br>12,856<br>**Total**<br>**137,386**<br>**Total 2021**<br>**3,071,261**<br>**Total 2020**<br>**1,253,100**|**Unrestricted**<br>**Funds**<br>**£**<br>-<br>8,733<br>5,000<br>2,171<br>3,950<br>2,920<br>14,700<br>6,713<br>8,000<br>8,850<br>3,000<br>173<br>-<br>**64,210**<br>-<br>-<br>-<br>-<br>**-**<br>**64,210**<br>**99,236**|**Total Funds**<br>**2021**<br>**£**<br>192,121<br>132,902<br>68,750<br>23,882<br>39,497<br>26,278<br>(49,706)<br>73,845<br>66,000<br>25,000<br>451,739<br>248,857<br>80,000<br>396,123<br>923,212<br>118,850<br>68,750<br>33,000<br>173<br>-<br>78,812<br>**2,998,085**<br>53,112<br>26,418<br>20,000<br>25,000<br>12,856<br>**137,386**<br>**3,135,471**<br>**1,352,336**|**Total Funds**<br>**2020**<br>**£**<br>140,000<br>165,949<br>55,000<br>23,598<br>39,079<br>25,858<br>110,040<br>73,414<br>1,500<br>10,795<br>-<br>-<br>-<br>213,350<br>68,750<br>33,000<br>73,826<br>50,000<br>81,400|
|---|---|---|---|
||||**1,165,559**|
||||25,358<br>26,419<br>80,000<br>55,000<br>-|
||||**186,777**|
|||||
||||**1,352,336**|
|||||



Page 36 



## **5.  ALLOCATION OF SUPPORT COSTS AND OVERHEADS** 

|**Costs**<br>Salaries - direct<br>Salaries - grants, finance & admin<br>Temporary staff/freelance<br>Training & other staff costs<br>Consultants & third party fees<br>Outreach, engagement & participation<br>Development Costs<br>Fundraising, Publicity & Events<br>Office running costs<br>IT Support<br>Premises<br>Depreciation<br>Payroll costs<br>Trustees expenses & insurance<br>Other governance & professional fees<br>**Total 2021**<br>**Total 2020**|**Raising**<br>**Funds**|**Charitable Activities**|**Total**|
|---|---|---|---|
|||**Grant**<br>**Community**<br>**Making**<br>**Leadership &**<br>**Development**||
||37,397<br>15,055<br>17,002<br>1,148<br>10,418<br>6,539<br>10,193<br>1,277<br>2,079<br>1,973<br>375<br>135<br>251<br>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**<br>**Grant making**<br>Grants payable (see note 7)<br>Grantmaking support costs (see note 5)<br>Total<br>**Community Leadership & Development**<br>Direct activities<br>Support costs (see note 5)<br>Total<br>**Total Charitable Activities**<br>**7 ANALYSIS OF GRANTS**<br>The amount payable in the year comprises:<br>**Analysis of grants to individuals:**<br>Decent Work and Economic Growth<br>Good Health and Wellbeing<br>No Poverty<br>Peace, Justice and Strong Institutions<br>Quality Education<br>Reduced Inequalities<br>Sustainable Cities and Communities<br>Zero Hunger<br>**Total Grants to Individuals**|**Restricted**<br>**Funds**<br>**£**<br>2,990,818<br>33,812<br>3,024,630<br>95,491<br>16,584<br>112,075<br>3,136,705<br>**Number**<br>-<br>-<br>2<br>2<br>-<br>9<br>82<br>-<br>95|**Unrestricted**<br>**Funds**<br>**£**<br>118,158<br>118,158<br>23,586<br>13,101<br>36,687<br>154,845<br>**Total Funds**<br>**2021**<br>**£**<br>-<br>-<br>234<br>350<br>-<br>3,537<br>31,683<br>-<br>35,804|**Total**<br>**2021**<br>**£**<br>2,990,818<br>151,970<br>3,142,788<br>119,077<br>29,685<br>148,762<br>3,291,550<br>**Number**<br>-<br>-<br>2<br>-<br>-<br>-<br>311<br>-<br>313|**Total**<br>**2020**<br>**£**<br>1,253,221<br>109,909|
|---|---|---|---|---|
|||||1,363,130<br>81,668<br>22,971|
|||||104,639|
|||||1,467,769|
|||||**Total Funds**<br>**2020**<br>**£**<br>-<br>-<br>620<br>-<br>-<br>-<br>253,914<br>-|
|||||254,534|



Page 38 



## **TWO RIDINGS COMMUNITY FOUNDATION** 

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

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



Page 39 



## **TWO RIDINGS COMMUNITY FOUNDATION** 

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

## **9 STAFF COSTS** 

|Salaries<br>Social security costs (incl Employment Allowance)<br>Pension costs<br>Other benefits and allowances<br>Temporary staff/freelance<br>Average number of employees during the period was:<br>On a full time equivalent basis<br>Headcount<br>Salaries includes £Nil severance payments (2020: £Nil)|**2021**<br>**£**<br>225,177<br>16,459<br>10,711<br>3,508<br>21,069<br>276,924<br>7.1<br>9.4|**2020**<br>**£**<br>179,452<br>11,840<br>7,773<br>-|
|---|---|---|
|||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**<br>At 1 April 2020<br>Additions during the period<br>Disposals during the period<br>As at  31 March 2021<br>**Depreciation**<br>At 1 April 2020<br>Charge for the period<br>Disposals during the period<br>As at  31 March 2021<br>**Net Book Value**<br>At  31 March 2021<br>At  31 March 2020|**Computer**<br>**Equipment**<br>10,886<br>2,961<br>13,847<br>5,661<br>2,335<br>7,996<br>5,851<br>5,225|**Office**<br>**Equipment**<br>965<br>-<br>-<br>965<br>899<br>66<br>965<br>-<br>66|**Total**<br>11,851<br>2,961<br>-|
|---|---|---|---|
||||14,812|
||||6,560<br>2,401<br>-|
||||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**<br>**Listed**<br>**Investments/CIS**<br>**£**<br>Market value at 1 April 2020<br>4,675,225<br>Increase/(decrease) in cash invested<br>Additions to investments<br>474,204<br>Proceeds of Disposals<br>(4,085)<br>Realised gain/(loss) in the year<br>400<br>Unrealised gain/(loss) in the year<br>1,124,096<br>Market value at 31 March 2021<br>6,269,840<br>Equities<br>Fixed Interest/Bonds<br>Alternatives<br>Collective Investment Schemes<br>Deposit and other cash balances|**Deposit &**<br>**Other cash**<br>**balances**<br>**£**<br>429,393<br>(291,037)<br>-<br>-<br>-<br>-<br>138,356|**Total**<br>**2021**<br>**£**<br>5,104,618<br>(291,037)<br>474,204<br>(4,085)<br>400<br>1,124,096<br>6,408,196<br>1,989,308<br>447,986<br>581,697<br>3,250,849<br>138,356<br>6,408,196|**2020**<br>**£**<br>4,879,020<br>266,328<br>249,374<br>-<br>-<br>(290,104)|
|---|---|---|---|
||||5,104,618|
||||1,325,976<br>345,822<br>255,996<br>2,747,431<br>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<br>Prepayments<br>Grant programme income owing<br>Dormant trust transfer<br>Other debtors<br>**13 CREDITORS AND ACCRUALS**<br>Grants committed not yet paid *<br>Other creditors<br>Deferred income<br>Accruals|**2021**<br>**£**<br>8,304<br>1,249<br>53,878<br>7,247<br>30,294<br>100,972<br>**2021**<br>**£**<br>659,220<br>12,112<br>95,156<br>8,522<br>775,010|**2020**<br>**£**<br>7,812<br>4,820<br>199,095<br>141,554<br>87,983|
|---|---|---|
|||441,264|
|||**2020**<br>**£**<br>470,206<br>15,599<br>20,000<br>5,277|
|||511,082|



* Grants committed includes £158,418 large grants relating to projects funded in staged payments (2020: £160,747) 

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<br>Expiring within 2-5 years<br>**15 ENDOWMENT FUNDS**<br>**Permanent Endowment**<br>LDJ Design & Display<br>North Yorkshire Community Fund<br>Postgate's Foundation<br>Red & White Fund<br>**Total**<br>**Expendable Endowment**<br>Alderman Jackson's Appeal Trust Fund<br>Community First Prime Opportunities Fund<br>Community First Whitby Fund<br>EG & MA Bousfield Fund<br>The Gilberdyke Endowment Fund<br>GRE Richard Weare Fund<br>Hanson 5 Fund<br>John and Carole Mortimer Endowment Fund<br>Lyn & Trevor Shears Fund<br>North Yorkshire Pioneers Fund<br>North Yorkshire Reward Endowment Fund<br>Rusholme Windfarm Endowment Fund<br>The Harry Bolland Fund<br>The Moss Family Fund<br>The Whitby Fund<br>York Children & Young People's Fund<br>York Women & Girls Fund<br>Yorkshire Forces Families & Veterans Support Fund<br>Yorkshire Oaks<br>Total Endowment|**Opening**<br>**Balances**<br>**£**<br>7,508<br>304,372<br>9,739<br>15,570<br>337,189<br>241,429<br>22,043<br>81,808<br>1,144,306<br>-<br>1,527,679<br>22,374<br>-<br>39,776<br>100,064<br>491,579<br>59,664<br>358,867<br>75,079<br>49,895<br>80,864<br>141,554<br>126,496<br>24,865<br>4,588,342<br>4,925,531|**2021**<br>5,433<br>**Incoming**<br>**Resources**<br>**£**<br>-<br>-<br>4,800<br>4,800<br>-<br>6,000<br>-<br>19,575<br>-<br>15,000<br>-<br>-<br>-<br>-<br>-<br>31,238<br>71,813<br>76,613|**2020**<br>9,314<br>**Gain/(Loss)**<br>**on**<br>**Investments**<br>**£**<br>1,633<br>66,221<br>2,119<br>3,568<br>73,541<br>52,526<br>4,311<br>16,789<br>248,961<br>1,129<br>332,369<br>4,882<br>(19)<br>8,654<br>21,770<br>106,950<br>12,981<br>78,077<br>16,335<br>10,855<br>17,593<br>14,046<br>27,471<br>5,410<br>981,090<br>1,054,631|**Transfers**<br>-<br>-<br>-<br>-<br>-<br>(2,760)<br>(1,325)<br>-<br>-<br>(10,000)<br>-<br>-<br>-<br>-<br>-<br>-<br>(14,085)<br>(14,085)|**Closing**<br>**Balances**<br>**£**<br>9,141<br>370,593<br>11,858<br>23,938|
|---|---|---|---|---|---|
||||||415,530|
||||||293,955<br>23,594<br>103,272<br>1,393,267<br>20,704<br>1,860,048<br>17,256<br>14,981<br>48,430<br>121,834<br>598,529<br>72,645<br>436,944<br>91,414<br>60,750<br>98,457<br>155,600<br>185,205<br>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**<br>Gift component of the permanent endowment<br>Indexed element of UTR<br>Unapplied total return available for distribution<br>**Total**<br>**Movements in the reporting period**<br>Gift of endowment funds<br>Investment return: dividends & interest<br>Gain/(loss) on investment<br>Unapplied total return allocated to distribution funds<br>in the reporting period<br>**Net movement in reporting period**<br>**At end of reporting period**<br>Gift component of the permanent endowment<br>Indexed element of UTR<br>Unapplied total return available for distribution<br>**Total**|**Endowment**<br>**£**<br>229,632<br>-<br>-<br>**229,632**<br>4,800<br>-<br>-<br>-<br>-<br>4,800<br>234,432<br>-<br>-<br>**234,432**|**Unapplied**<br>**Total Return**<br>**(UTR)**<br>**£**<br>-<br>49,957<br>57,600<br>**107,557**<br>-<br>9,272<br>73,541<br>(9,272)<br>-<br>73,541<br>-<br>52,016<br>129,082<br>**181,098**|**Total**<br>**Endowment**<br>**£**<br>229,632<br>49,957<br>57,600|
|---|---|---|---|
||||**337,189**|
||||4,800<br>9,272<br>73,541<br>(9,272)<br>-|
||||78,341|
||||234,432<br>52,016<br>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<br>-<br>Alderman Jackson's Appeal Trust Fund<br>3,627<br>E & M Bousfield Fund<br>59,182<br>The Gilberdyke Fund<br>-<br>Hanson 5<br>81<br>Harry Bolland Fund<br>15,481<br>Moss Family Fund<br>2,678<br>LDJ Design & Display<br>1,835<br>Postgate's Foundation<br>3,054<br>North Yorkshire Community Fund<br>11,596<br>North Yorkshire Reward Fund<br>2,493<br>Red and White Fund<br>2,313<br>GRE Richard Weare<br>2,669<br>Community First Whitby Fund<br>3,777<br>Community First Prime Opportunities<br>4,364<br>The Whitby Fund<br>1,977<br>York Children & Young People's Fund<br>13,854<br>Lyn and Trevor Shears Fund<br>145<br>North Yorkshire Pioneers<br>744<br>Yorkshire Oaks<br>90<br>York Women and Girls<br>-<br>Yorkshire Forces Families & Veterans Support<br>538<br>John and Carole Mortimer fund<br>-<br>1,502,755|6,586<br>31,215<br>452<br>521<br>9,789<br>2,048<br>205<br>266<br>8,303<br>13,410<br>1,698<br>41,673<br>3,060<br>723<br>1,361<br>2,205<br>1,085<br>2,730<br>678<br>3,486<br>3,820<br>91<br>4,035,963|-<br>(50,264)<br>-<br>(10,000)<br>(15,385)<br>(2,000)<br>-<br>-<br>(6,025)<br>(2,000)<br>(500)<br>(5,000)<br>(300)<br>(1,975)<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>(3,168,369)|(4,264)<br>(13,472)<br>(267)<br>9,605<br>(6,337)<br>(1,547)<br>(155)<br>(201)<br>(5,625)<br>(8,931)<br>(375)<br>(25,232)<br>887<br>2,412<br>(734)<br>(1,666)<br>(820)<br>(1,767)<br>(512)<br>(2,257)<br>(2,468)<br>(65)<br>(160,051)|-<br>5,949<br>26,661<br>185<br>207<br>3,548<br>1,179<br>1,885<br>3,119<br>8,249<br>6,972<br>1,636<br>18,610<br>2,724<br>7,199<br>629<br>14,393<br>410<br>1,707<br>256<br>1,229<br>1,890<br>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**<br>**Balances**<br>**£**<br>178,443<br>178,443|**Incoming**<br>**Resources**<br>**£**<br>74,093<br>74,093|**Resources**<br>**Expended**<br>**£**<br>(227,764)<br>(227,764)|**Transfers**<br>**£**<br>244,001<br>244,001|**Closing**<br>**Balances**<br>**£**<br>268,773<br>-|
|---|---|---|---|---|---|
||||||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<br>Investments<br>Current Assets<br>Current Liabilities<br>**2021 Total**<br>**2020 Total**|**Restricted**<br>**Funds**<br>**£**<br>2,142<br>365,806<br>2,600,119<br>(757,769)<br>2,210,298<br>1,502,755|**Unrestricted**<br>**Funds**<br>**£**<br>3,709<br>-<br>282,305<br>(17,241)<br>268,773<br>178,443|**Endowment**<br>**Funds**<br>**£**<br>-<br>6,042,390<br>300<br>-<br>6,042,690<br>4,925,531|**Total Funds**<br>**2021**<br>**£**<br>5,851<br>6,408,196<br>2,882,724<br>(775,010)<br>8,521,761<br>6,606,729|**Total Funds**<br>**2020**<br>**£**<br>5,291<br>5,104,618<br>2,007,902<br>(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<br>Adjustments for:<br>Depreciation charges<br>Receipt of endowment<br>(Gains)/losses on investments<br>Dividends, interest and rents from investments<br>(Increase)/decrease in debtors<br>Increase/(decrease) in creditors<br>**Net cash provided by (used in) operating activities**<br>**23 ANALYSIS OF CASH & CASH EQUIVALENTS**<br>Cash in Hand<br>Deposits & Cash<br>**Total cash & cash equivalents**|**2021**<br>**£**<br>1,915,032<br>2,401<br>(218,167)<br>(1,124,496)<br>(148,180)<br>340,292<br>263,928<br>1,030,810<br>**2021**<br>50<br>2,781,702<br>2,781,752|**2020**<br>**£**<br>545,330<br>2,006<br>(541,638)<br>290,104<br>(159,971)<br>63,981<br>79,431<br>279,243<br>**Movement**<br>**in cash flow**<br>-<br>1,215,114<br>1,215,114|**2020**<br>50<br>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**|



Page 55 



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



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|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|



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



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



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



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