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2023-03-31-accounts

Annual Report & Financial Statements for the period ended 31 March 2023

Charitable Incorporated Organisation Registration Number: 1166471

www.tworidingscf.org.uk

Contents

How can we help? 3
Annual Report 4 - 20
Statement of Trustees’ Responsibilities 21
Independent Auditor's Report 22 - 25
Statement of Financial Activities 26
Balance Sheet 27
Statement of Cash Flows 28
Notes to Accounts 29 - 56

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How can ou hel ? y p

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:

Find out more and get in touch:

www.tworidingcf.org uk

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

info@tworidingscf.org.uk

01904 929500

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Image: Celia McKeon at Pioneer Arts, Bentham
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Chair's and Chief Executive’s Introduction

Richard Frith Chair of Two Ridings 2022 - present

Celia McKeon, Chief Executive

There is much to applaud about the last financial year, and to anticipate with hope for the current one. As the financial year ends, we are basking in the glow of a very affirming royal visit, preparing to say goodbye to Jan Garrill and to welcome her successor as CEO, Celia McKeon.

Jan was an outstanding CEO, who was a real team player and built a committed, united and effective staff team. Celia is just as outstanding. The challenges remain, with great need all around us, but with our wonderfully generous donors and brilliant staff team, Two Ridings can continue to make a really positive, transformative difference for many individuals and communities.

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It is an honour to succeed Jan Garrill as Chief Executive of Two Ridings Community Foundation, and to have the opportunity to sustain and build on the wonderful work that she, colleagues and trustees have done over many years to support communities across our region.

In my first months in the role, I have been deeply impressed by the transformative power of so much local community action. Whether it is work to engage disadvantaged young people, to help people survive the cost of living crisis, or to create opportunities for improved wellbeing, social connection and learning – the common thread is that it kindles hope and changes lives on a daily basis.

It is a privilege to work with donors and supporters, and with gifted and dedicated colleagues, who want to make this possible. Together we ensure that we direct funds to where they will make the greatest difference. There is huge need in our region, but also incredible talent, commitment and determination to build thriving, equitable and connected communities, and we are delighted to play our part in making that possible.

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Image: Richard Frith
Image: Celia McKeon
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Le al and Administrative Information g

Trustees

Richard Frith (appointed July 2020, Chair from July 2022) James Naylor (Chair - resigned July 2022) Sheila Crennell (resigned November 2022) Paul Downey Rolline Frewen Hannah Harris (resigned April 2023) Gillian Hughes Chris Legard DL Emma Lindsell (Kissack) Peter Oluotch (appointed April 2022) Alison Pearson (resigned November 2023) Harriet Reid Deborah Rosenberg Elizabeth Wild Andrew Wilson Venetia Wrigley DL

Chief Executive

Jan Garrill Chief Executive (resigned May 2023) Celia McKeon Chief Executive (appointed April 2023)

Registered Office

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

Auditors

Investment Managers

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

CCLA Investment Management Limited, One Angel Lane, London, EC4R 3A

Bankers

Virgin Money (formerly Yorkshire Bank),

Brown Shipley (to October 2023) 10 Wellington Place, Leeds, LS1 4AP

46 Coney Street, York YO1 9NQ

Waverton (from October 2023)

16 Babmaes Street, London, SW1Y 6AH

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Objectives and Activities

Two Ridings Community Foundation is a regional, independent charity committed to improving the quality of people's lives and building vibrant, equitable and connected communities in North and East Yorkshire.

We help people and organisations make donations to and set up funds for causes that matter, and use these funds to make grants to local community organisations who respond to the needs of local people. We also deliver a leadership programme for leaders from the social and cultural sector in Hull and East Riding of Yorkshire.

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].

Aims & Activities

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.

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 632 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 benefit of 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.

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

Our Vision

A connected, thriving North and East Yorkshire for all

[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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Achievements and Performance

Two Ridings Community Foundation continued to increase its impact in 2022-23, successfully bringing in substantial new funds for the region, and ensuring that these were channelled effectively to local community organisations who are making a difference to people’s lives.

While the coronavirus pandemic receded, its long-term impacts were still sharply felt during the year, particularly among the most vulnerable communities in our region. And in its aftermath, the Cost of Living Crisis has stretched many individuals, households and organisations to the limit. The Foundation has sought to ensure that both its fundraising and its grantmaking are attuned and responsive to the evolving needs of our communities, providing vital support to those who need it most.

Image: Rebecca Denniff

“Two Ridings have really trusted us. We feel very supported by our local community foundation. They really see the value in what we are doing, and enable us to do it in a way that works for people."

Rebecca Denniff, Flash Company Arts, Whitby

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Placin eo le at the heart of all we do g p p

At Two Ridings, we are committed to ensuring that we place people at the heart of everything we do. This applies both internally and externally – to our staff, trustees and volunteers, to our donors and supporters, to the local groups who apply to us for funding, and to the participants on our leadership programme. We know that placing value on relationships is key to building thriving, equitable and connected communities.

We put this commitment into practice across our major initiatives in 2022-23. In November 2022, we hosted the Visit of HRH The Prince and Princess of Wales to Scarborough, providing an opportunity for them to learn first-hand about the crucial work being done with and by young people in the town. We were determined that the visit would be more than smiles and handshakes – that it would create a genuine opportunity for the Prince and Princess of Wales to understand the experiences, talents and challenges of young people, and to expose them to ways in which they can participate in grant-making decisions that affect their lives and opportunities. We also ensured a lasting legacy from the visit, using the opportunity to raise additional funds to support children and young people in the town for the long-term.

Within our small team, we were delighted to welcome Jen Stone during the year, in the role of Operations and Admin Officer. Jen is an incredibly efficient and supportive member of the team, quickly getting to grips with our processes and ensuring the smooth running of our office.

While the team was otherwise stable during the year, our Chief Executive Jan Garrill announced her intention to retire in summer 2023, after nine years at the helm. Trustees and staff worked hard together to deliver a successful recruitment process for her successor, and Celia McKeon was appointed to begin in post in April 2023, with Jan and Celia overlapping until May to provide a smooth transition, celebrated at a wonderful ‘Foundation for the Future’ event at Allerton Castle in May 2023.

Our trustee board also remained stable. James Naylor retired from the Foundation in July 2022 after nine years’ service, having handed over the Chair to Richard Frith, and Hannah Harris retired at the end of the financial year, also after completing nine years of service. We are very grateful to them both for their contributions to our work.

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Ins irin investment into North & East Yorkshire p g

2022/23 was another successful year for the Foundation, as we attracted substantial new sources of funding and were able to sustain grant-making of just over £2.1 million.

Of particular note was an award of £1.3 million for work in Hull, secured from the UK Government’s Department of Culture, Media and Sport, as part of a partnership arrangement of nine UK foundations working together under the auspices of our umbrella body, UK Community Foundations. The award is focused on supporting work to reduce chronic loneliness and social isolation, and promote volunteering, with a particular emphasis on embedding learning into the work in order to identify scalable and sustainable place-based interventions. The Foundation carried out a first round of funding in the final quarter of 2022/23, in preparation for a major funding round for multi-year grants in 2023/24.

Shortly before the Royal Visit, we also worked with the then High Sheriff of North Yorkshire, James Lambert OBE, to put on a ‘Dragons Den’ at Tennants of Leyburn. Six small local charities pitched to four Yorkshire ‘dragons’ to gain funding for their projects supporting local people in their communities. After some passionate pitches, the groups came away with just shy of £50,000 between them.

New funds

New funds
Know Your Neighbourhood £1,306,667
(multi year)
Cost of Living Crisis Appeal £392,367
HEY Confident Futures (Ch2) £378,852
(multi year)
Williams Family Funds £237,500
Tadcaster Business Flood Recovery £134,750
Dulverton Trust Fund £110,332
Liz & Terry Bramall Foundation £75,000
(multi yr for Scarborough Children & YP fund)
Terry’s Fund £75,000
Belfrey Small Grants Fund £55,000
British Red Cross Ukraine Support £55,000
#I Will Fund £37,470
Humber & NY Health & Care P/ship £25,000
(Population Health Management)
Hanson Fund for Scarborough £18,750
Women in Business Fund £6,125
TOTAL £2,907,813

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Image: York in Recovery
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Ins irin investment into North & East Yorkshire p g

Other new donors and funds this period included the Williams Family Fund (both revenue and endowment funding), the Liz and Terry Bramall Foundation (revenue funding), the Button family setting up Terry’s Fund (endowment), Insite Property (revenue funding) and NHS Resilience Hub funding (for which the funds remain held by the NHS but the Foundation provided grant-making support). We were delighted that the visit of HRH The Prince and Princess of Wales to Scarborough assisted us in leveraging more than £300k in endowment and revenue funding for long-term work in the town.

And finally, our thanks also go to existing supporters who sustained their revenue funding throughout the year, including The Dulverton Trust, Joseph Rowntree Charitable Trust, Lankelly Chase, Nimbuscare, Peter Sowerby Foundation, the National Lottery Community Fund, Rank Foundation, the Parochial Church Council of the Ecclesiastical Parish of St Michael Le Belfrey with St Cuthbert, and to all the donors who have continued to trust us with endowment funds, which provide a stable core to our grant-making and operations.

In addition, we are grateful to the many donors who contributed to our Cost of Living Crisis Fund, including North Yorkshire Council, East Riding of Yorkshire Council, Bettys and Taylors Group, and many other private individuals for their donations, both large and small.

£1.3m

secured for tackling loneliness and encouraging volunteering in Hull

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Transformin communities throu h rant makin g g g g

At the heart of our grant making is a commitment to creating the conditions for thriving, connected communities. We understand how place shapes these conditions, and consequently, Two Ridings ensures that all its grant decisions are in turn shaped by people with intimate knowledge and understanding of both the challenges and possibilities that exist in different places within our region.

During last autumn, we launched our Cost of Living Crisis Appeal in response to the devastating impacts of the widening gap between wages and price rises, and the rising numbers of people without sufficient food, fuel and funds for essentials. We were proud to raise almost half a million pounds in the first six months, and distributed this rapidly to support community organisations to provide emergency supplies, and then to help these groups meet their own rising costs for providing these services.

Other crisis work included managing the Tadcaster and Selby District Business Flood Grant Scheme, made possible by generous funding from the then Selby District Council. The Fund enabled local businesses to purchase tools, make repairs, cover clean up costs, and address personal hardship arising from the floods.

Throughout the year, we also continued to convene and chair our ongoing grants panels in Harrogate, Hull, Scarborough and York, which considered and made decisions on applications assessed by our staff and volunteers. And we continued to bring together community panels to distribute the windfarm funds we manage in Knabs Ridge, Six Penny Wood and Rusholme. In total, our panels brought together 60 people with a range of expertise and insight into the communities they live and work in.

With the intention of strengthening our contribution to tackling the climate crisis, we undertook a pilot round of grant-making with this as a cross-cutting theme, and hope to learn from the experience of these grants for our future strategy in this area.

Alongside our grant-making practice, we also revised and updated our grants policy during the year. This is a crucial document for us, as it shapes the scope of our funding, defines our processes, and allows applicants to understand how we work. We are proud to have a policy which facilitates our commitment to being a flexible, generous and relational funder, supporting varying types of organisations to make a vital difference in their communities.

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Contributin to ositive chan e in our communities g p g

We are delighted to have received confirmation of continuation funding from the National Lottery Community Fund, enabling us to continue to develop the HEY Confident Futures (HEYCF) Programme over the next three years. Its goal is to support and develop voluntary and cultural sector leaders through a bespoke programme, which works at the level of the individual, the organisation and the place.

The programme has a number of strands, working in particular with emerging leaders in our ‘New To Leadership’ cohorts, with a CEOs cohort, and with organisations supporting racially minoritised people. The latter cohort has subsequently developed into a collective known as the Leadership Advocacy Network, modelling a practice of connected and collaborative working that typifies the underpinning values of the programme.

Across our work, Two Ridings also seeks out opportunities to work in partnership with other organisations, as we know that this creates the potential to increase our collective impact.

Key examples of this during 2022-23 include our work with the Humber Coast and Vale partnership, our engagement with the British Science Association in relation to the Ideas Fund in Hull, and our collaboration with the Joseph Rowntree Foundation on the Yorkshire and Humber Funding Ecology report. We also continued to play an active role in numerous networks across the region.

One of the highlights of the HEYCF programme during the year was a vibrant leadership conference in July, bringing together almost 80 leaders from across Hull and the East Riding for a day of outstanding speeches, activities and networking opportunities.

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Plans for the future

Ambitions for 2023/24

As we look ahead, we plan to build on the achievements of the last twelve month, and ensure that the foundation continues to grow and flourish for the benefit of the communities we support.

Image: Pioneer Projects

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Plans for the future

People

2023/24 will be a year of transition for the Foundation, with our outgoing CEO, Jan Garrill retiring after almost nine outstanding years at the helm. Our focus will therefore be on ensuring a successful and smooth transition to the new CEO, Celia McKeon.

We will also continue to support all our people – whether staff, trustees or volunteers – to thrive in their respective roles so that we can make the best possible impact across the region. Given the rapid expansion in our grant-making over recent years, we will review our staff capacity to ensure we can resource the grant programmes effectively and maintain robust financial systems and operating processes. We will also prepare for the roll-out across the UK Community Foundations network of a new grants database, which should make our systems more efficient, and free up precious staff time for our outward-facing work.

We are also working with the new High Sheriff of North Yorkshire, Clare Granger, to develop a new angle on the previous Dragons Den formula. This will involve running a photography competition, inviting images that showcase the extraordinary work of community groups across our region. Entries to the competition will be reviewed by a panel of judges, with the winning groups invited to a Photography Exhibition and Showcase at Allerton Castle near Knaresborough, where they will have an opportunity to bring their images to life for an invited audience and receive their cash prizes.

Investment

Our ambition for the year ahead is to continue to grow our endowment, helping current and potential donors understand the impact of the grants we make.

We will continue to raise money for our Cost of Living Crisis Fund, as we are acutely aware that the crisis is still with us and that this emergency support remains a lifeline for people and organisations. We will also seek out opportunities to secure and direct revenue funds that are responsive to local needs and priorities.

As the number of funds that we manage continues to grow, we will also explore opportunities to connect donors and pool funds where there are shared interests and priorities, and work with partners in the region to design and deliver grant-making opportunities that are timely, accessible and flexible.

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Plans for the future

Community funding

A major priority for 2022-23 will be delivering the Know Your Neighbourhood Fund, a £1.3 million investment in tackling loneliness and promoting volunteering in Hull.

Societal change

Our HEY Confident Futures programme will continue to support participants in Hull and East Yorkshire at all stages of their leadership journey.

We are excited to build on our previous years of funding in Hull to be able to deliver a grant programme at this larger scale, getting much-needed levels of investment into some wonderful organisations and initiatives throughout the city. We are also keen to contribute to the programme’s ambitions to enable partnership and learning, through a strong focus on evaluation in all of the funded projects.

We will continue our responsive place-based funding around the region as well as delivering further rounds of Cost of Living crisis funding. Given the scale of our grant making, we also hope to recruit additional volunteer assessors to support our staff team, and ensure that we create opportunities for applicants to do their work justice through dialogue and engagement during the assessment process.

Over the course of the year we will continue to deepen our work with the CEOs cohort, the New to Leadership cohort ad the Leadership Advocacy network, offering a range of highly tailored programme content in response to the needs of each group.

We will also continue to explore opportunities for partnership and collaboration across our region, as an active member of key networks and a vocal advocate for the crucial and life-changing work of community action.

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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 5th October 2000 and amended on 27th April 2010 and 2nd February 2011. The new Charitable Incorporated Organisation was registered with the Charity Commission on 11 April 2016. On 1st 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 re-appointment, 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.

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 Head of Finance & Operations. 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

Governance & Nominations Committee: The Foundation also convenes a Governance & Nominations Committee as needed.

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Structure, Governance and Management

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 Governance & Nominations Committee, in consultation with the Finance & General Purposes 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 Foundation’s 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. Two Ridings Community Foundation pays an annual membership fee to be part of the network. For more information on UKCF visit www.ukcommunityfoundations.org.

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.

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.

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Structure, Governance and Management

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:

Trustees considered the mitigations required to mitigate these risks and worked with staff to ensure that these were put in place.

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:

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 1st April 2022 – 31st March 2023. The net movement in funds after investment gains and losses for the 12 month period was a net decrease in funds of £348,902 (2022: £2,310,492 increase in funds)

Total income for the 12 month period to 31st March 2023 was £2,911,769 compared with £4,673,837 for the previous year. This included £239,550 for establishing new endowment funds. During the period 632 grants were awarded across 31 programmes totalling £2,156,307 (2022: £2,174,853).

The value of the Foundation’s total endowment decreased to £8,116,390 at 31st March 2023 from £8,643,701 at 31st March 2022 due to market volatility on investments.

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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.

Trustees have also designated £40,730 for Digital Development to support digital transformation projects over the next 2 years including the upgrade of the Foundation’s CRM database and finance software.

Based on the 2023-24 forecast the required level of general reserves would be at least £195,000. At 31st March 2023 the balance of available ‘free’ reserves, being the balance of unrestricted funds excluding fixed assets and designated funds is £272,737, which is equivalent to approximately 8 months running costs.

Given the impact the cost of living crisis and challenging economic environment is having 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.

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Summary of fund balances
at 31st March 2023
Unrestricted: £317,679
Restricted: £2,049,282
Endowment: £8,116,390
Total funds at 31st March 2023 £10,483,351
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Financial Review

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 and expect its investment managers to optimise performance through Environmental, Social and Governance (ESG) considerations and investment in well managed companies. As the investment landscape changes, trustees are exploring new approaches to responsible, sustainable and impact investing.

The Trustees have passed a total return resolution for permanent endowments which took effect from 1st 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:

The main investment risk to the Foundation lies in the combination of uncertain investment markets and volatility in returns. The Foundation manages these investment risks by retaining expert advisors and operating an investment policy that provides for a high degree of diversification of holdings within investment asset classes that are quoted on recognised stock exchanges.

Investment Performance

During these times of exceptional volatility our investment committee remains vigilant in monitoring performance but as long term investors we are also mindful of not being reactive and remain committed to following our long term investment objectives.

The investment portfolio during 2022-23 was held with two Investment Managers, CCLA and Brown Shipley. Both portfolios performed as expected based on their investment approach and compared to the benchmarks.

Over the 12 month period the total return of the CCLA Charity Investment Fund was -0.90% compared to a return on the comparator of -3.97%. The Property Fund has also performed above the benchmark, -11.89% compared to benchmark of -14.84%, with performance supported by the broad portfolio structure and limited exposure to traditional retail assets. Income distributions were between 2.9 – 5.1% per annum.

The performance of the Brown Shipley portfolio was a return of -7.98% compared to the benchmark of -4.49%.

At the end of 2022, having monitored fund manager performance, Trustees instigated a review of Investment Managers. After a formal tender process, trustees were pleased to confirm the appointment of Waverton as managers for part of our portfolio from October 2023. CCLA also continue to manage part of our portfolio.

Commitments

The trustees had made no commitments to future capital purchases, nor given any guarantees, at the balance sheet date.

Approved by the Board of Trustees on

Date: 15 January 2024

and signed on their behalf by:

Richard Frith

Chair

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Statement of Trustees Res onsibilities p

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

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

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

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

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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 31st March 2023 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report.

We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

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

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.

Page 22

Independent Auditor’s Report

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:

Responsibilities of the trustees

As explained more fully in the trustees’ responsibilities statement set out on page 21, 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.

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Independent Auditor’s Report

Auditor’s 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 noncompliance 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:

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

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

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

Page 24

Inde endent Auditor’s Re ort p p

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

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.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities.

This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with section 144 of the Charities Act 2011 and the regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Nigel Everard BA FCA Senior Statutory Auditor For and on behalf of

HUNTER GEE HOLROYD Chartered Accountants and Statutory Auditors Club Chambers Museum Street York YO1 7DN

Date: 24 January 2024

Page 25

TWO RIDINGS COMMUNITY FOUNDATION

Statement of Financial Activities for the year ended 31 March 2023

Restricted
Notes
Funds
INCOME & ENDOWMENT FROM:
Donations and Legacies
2
737,274
Charitable Activities
4
1,648,898
Other trading activities: Fundraising
27,624
Investments
3
218,649
Other Income
3
-
TOTAL
2,632,445
EXPENDITURE ON:
Raising Funds
5
17,017
Charitable Activities
Grant making
5
2,170,199
Community leadership & developmen
5
186,156
TOTAL EXPENDITURE
2,373,372
Net gains/(losses) on investments
(24,705)
Net income/(expenditure)
234,368
Transfers between funds
(86,389)
Net movement in funds
147,979
Total funds brought forward
1,901,303
Total funds carried forward
2,049,282		 Unrestricted
Funds
29,536
-
10,238
-
39,774
88,126
186,666
16,914
291,706
(251,932)
282,362
30,430
287,249
317,679		 Endowment
239,550
-
-
-
239,550
26,834
-
-
26,834
(544,054)
(331,338)
(195,973)
(527,311)
8,643,701
8,116,390		 Total Funds
2023
1,006,360
1,648,898
27,624
228,887
-
2,911,769
131,977
2,356,865
203,070
2,691,912
(568,759)
(348,902)
-
(348,902)
10,832,253
10,483,351		 Total Funds
2022
2,853,242
1,626,143
13,400
181,052
-
4,673,837
117,467
2,360,507
218,745
2,696,719
333,374
2,310,492
-
2,310,492
8,521,761
10,832,253

Page 26

TWO RIDINGS COMMUNITY FOUNDATION

Balance Sheet as at 31 March 2023

See Note
FIXED ASSETS
Tangible assets
10
Investments
11
CURRENT ASSETS
Debtors and prepayments
12
Deposits & Cash
CREDITORS: Amounts falling due within
one year
Creditors & Accruals
13
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
FUNDS
Permanent Endowment
15, 16
Expendable Endowment
15
Restricted funds
17
Unrestricted funds
18
19		 £
326,641
1,897,503
2,224,144
213,137		 Total Funds
2023
£
4,518
8,467,826
2,011,007
10,483,351
394,775
7,721,615
2,049,282
317,679
10,483,351		 £
85,942
2,455,633
2,541,575
745,100		 Total Funds
2022
£
8,111
9,027,667
1,796,475
10,832,253
430,860
8,212,841
1,901,303
287,249
10,832,253

The accounts were approved by the trustees on 15 January 2024

RICHARD FRITH CHAIR

ANDREW WILSON TRUSTEE

Page 27

TWO RIDINGS COMMUNITY FOUNDATION

Statement of Cashflows

For the year ended 31 March 2023

See Note
Cash flows from operating activities:
Net cash provided by (used in) operating activities
22
Cash flows from investing activities:
Dividends, interest and rents from investments
Purchase of property, plant and equipment
Proceeds from sale of investments
Purchase of investments
(Increase)/decrease in cash investments
Net cash provided by (used in) investing activities
Cash flows from financing activities
Receipt of endowment
Net cash provided by (used in) financing activities
Change in cash and cash equivalents in the period
Cash & cash equivalents at the beginning of the
reporting period:
Cash & cash equivalents at the end of the
reporting period:
23		 2023
(1,017,649)
228,887
-
6,646
(68,358)
52,794
219,969
239,550
239,550
(558,130)
2,455,633
1,897,503		 2022
(683,362)
181,052
(6,012)
10,000
(2,139,406)
(156,691)
(2,111,057)
2,468,300
2,468,300
(326,119)
2,781,752
2,455,633

Page 28

TWO RIDINGS COMMUNITY FOUNDATION

Notes to the Accounts for the year ended 31 March 2023

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, 2023-24, 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.

Donated facilities and professional services are recognised as income at their fair value when their economic benefit is probable, it can be measured reliably, and the charity has control over the benefits arising. Fair value is determined on the basis of the value of the gift to the charity, equivalent to the amount the charity would pay in the open market.

Page 29

TWO RIDINGS COMMUNITY FOUNDATION

Notes to the Accounts for the year ended 31 March 2023

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 £1,000 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.

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 30

TWO RIDINGS COMMUNITY FOUNDATION

Notes to the Accounts for the year ended 31 March 2023

2 DONATIONS & LEGACIES

Donations (incl anon)
Appeals:
Cost of Living Appeal
Streetaid Appeals
Surviving Winter Appeals
Scarborough Children & Young People
Lord Mayors Charity
Other Appeals
Other Donations:
Scarborough Borough Council
Insite Property Solutions
Full Circle Funerals
Selby District Council
Harrogate Borough Council
Arqiva Bilsdale Mast
Other donors
Total Donations & Legacies 2023
Total Donations & Legacies 2022		 Restricted
Funds
£
228,045
391,592
11,290
1,977
25,050
21,670
150
25,000
20,000
12,500
737,274
372,059		 Unrestricted
Funds
£
29,536
-
-
-
-
-
-
-
-
-
-
29,536
12,883		 Endowment
Funds
120,800
-
-
-
-
118,750
-
-
239,550
2,468,300		 Total Funds
2023
£
378,381
391,592
11,290
1,977
143,800
21,670
150
25,000
20,000
12,500
-
-
-
-
-
1,006,360
2,853,242		 Total Funds
2022
£
203,602
14,746
15,334
16,008
5,124
175,000
20,000
12,500
2,110,000
200,000
50,000
30,928
2,853,242

Donations includes £15,589 of donations in kind for coaching and breakaway venue costs for HEY Confident Futures leadership participants, and event costs for The LOCAL fund for Harrogate celebration event.

3 INVESTMENT INCOME

Interest on cash deposits
Investment income		 Total Funds
2023
25,913
202,974
228,887		 Total Funds
2022
2,648
178,404
181,052

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 31

TWO RIDINGS COMMUNITY FOUNDATION

Notes to the Accounts for the year ended 31 March 2023

4 INCOME FROM CHARITABLE ACTIVITIES
Grant making:
Allerton Landscape & Cultural Heritage Fund
Arts Council England
Bettys & Taylors Group
British Red Cross
DCMS - Know Your Neighbourhood
Fraisthorpe Community Benefit Fund
GVC
Hull City Council - Building Forward Together
Humber & N. Yorks Health & Care Partnership
Joseph Rowntree CT - Step Change
Knabs Ridge Community Benefit Fund
Lankelly Chase
Made by Sport
Nimbuscare
PCC Ecclesiastical Parish of St Michael Le Belfrey
Peter Sowerby Foundation
Rusholme Wind Farm Community Benefit Fund
Selby District Council
Sirius Foundation
Six Penny Wood Wind Farm Comm Benefit Fund
The Dulverton Trust
The Local Fund for the Harrogate District
Other small grant programmes
Total
Community leadership & development
The National Lottery Community Fund
The Rank Foundation
Lankelly Chase
Humber & N. Yorks Health & Care Partnership
Other
Total
Total 2023
Total 2022		 Restricted
Funds
£
-
(14,495)
340,900
55,000
159,977
81,974
-
100,000
25,000
66,000
29,137
55,833
-
66,239
55,000
165,000
45,880
134,750
-
30,655
110,332
33,000
37,221
1,577,403
54,641
-
-
-
16,854
71,495
1,648,898
1,621,360		 Unrestricted
Funds
£
-
-
-
-
-
-
-
-
-
-
4,783		 Total Funds
2023
£
-
(14,495)
340,900
55,000
159,977
81,974
-
100,000
25,000
66,000
29,137
55,833
-
66,239
55,000
165,000
45,880
134,750
-
30,655
110,332
33,000
37,221
1,577,403
54,641
-
-
-
16,854
71,495
1,648,898
1,626,143		 Total Funds
2022
£
(17,956)
104,609
174,000
-
-
76,468
55,000
150,000
270,000
41,250
25,685
-
60,296
101,250
-
-
41,022
-
4,783
27,288
-
33,000
32,723
1,179,418
56,040
26,418
125,205
210,000
29,062
446,725
1,626,143

Page 32

TWO RIDINGS COMMUNITY FOUNDATION

Notes to the Accounts for the year ended 31 March 2023

5. EXPENDITURE

Restricted
Unrestricted
Endowment
Total
Funds
Funds
Funds
2023
£
£
£
£
Raising Funds
Investment management costs
1,191
-
26,834
28,025
Direct activities (see note 6)
13,499
58,967
72,466
Support costs (see note 6)
2,327
29,159
31,486
Total Raising Funds
17,017
88,126
26,834
131,977
Grant making
Grants payable (see note 7)
2,126,307
30,000
2,156,307
Grantmaking support costs (see note
43,892
156,666
-
200,558
Total
2,170,199
186,666
-
2,356,865
Community Leadership & Development
Direct activities
169,206
6,740
-
175,946
Support costs (see note 6)
16,950
10,174
-
27,124
186,156
16,914
-
203,070		 Total
2022
£
24,421
61,136
31,910
117,467
2,174,853
185,654
2,360,507
178,400
40,345
218,745

6. ALLOCATION OF DIRECT ACTIVITIES AND SUPPORT COSTS

Charitable Activities
Costs Raising Grant Community Total Basis of allocation
Funds Making Leadership &
Development
Salaries - direct 57,026 - 61,200 118,226 Staff time spent
Salaries - grants, finance & admin 19,453 154,560 13,933 187,946 Staff time spent
Training & other staff costs 6,600 5,998 3,294 15,892 Specific
Consultants & third party fees 210 3,570 74,966 78,746 Specific
Outreach, engagement & participatio - 335 26,874 27,209 Specific
Development Costs - - 3,303 3,303 Specific
Fundraising, Marketing & Events 8,630 3,474 6,309 18,413 Specific
Office running costs 1,720 4,662 1,795 8,177 Staff time spent
IT & Digital development 4,422 11,989 4,615 21,026 Staff time spent
Premises 3,572 9,685 3,728 16,985 Staff time spent
Depreciation 623 1,687 1,283 3,593 Specific
Trustees expenses & insurance 625 1,695 653 2,973 Staff time spent
Other governance & professional fee 1,071 2,903 1,117 5,091 Staff time spent
Total 2023 103,952 200,558 203,070 507,580
Total 2022 93,046 185,654 218,745 497,445

Page 33

TWO RIDINGS COMMUNITY FOUNDATION

Notes to the Accounts for the year ended 31 March 2023

7 ANALYSIS OF GRANTS
The amount payable in the year comprises:
Analysis of grants to individuals:
Climate Action
Decent Work and Economic Growth
Good Health and Wellbeing
No Poverty
Peace, Justice and Strong Institutions
Quality Education
Reduced Inequalities
Sustainable Cities and Communities
Zero Hunger
Total Grants to Individuals
Analysis of grants to organisations:
Climate Action
Decent Work and Economic Growth
Good Health and Wellbeing
No Poverty
Peace, Justice and Strong Institutions
Quality Education
Reduced Inequalities
Sustainable Cities and Communities
Zero Hunger
Total Grants to Organisations
Total Grants Payable		 Number
-
-
1
44
-
-
-
69
-
114
Number
17
2
144
121
-
8
75
140
11
518
632		 Total Funds
2023
£
-
-
200
16,495
-
-
-
89,041
-
105,736
Total Funds
2023
£
49,232
44,100
528,489
356,192
-
32,150
423,052
575,106
42,250
2,050,571
2,156,307		 Number
-
-
1
4
-
-
18
71
-
94
Number
-
1
191
20
-
9
90
118
-
429
523		 Total Funds
2022
£
-
-
1,000
1,805
-
-
6,924
47,846
-
57,575
Total Funds
2022
£
-
32,918
1,159,689
124,570
-
78,902
276,491
444,708
-
2,117,278
2,174,853

A list of grants awarded to organisations is detailed in Note 25

Page 34

TWO RIDINGS COMMUNITY FOUNDATION

Notes to the Accounts for the year ended 31 March 2023

Reconciliation of grants payable:
Commitments at 1 April 2022
Commitments made in the period
Grants cancelled or recovered
Grants payable for the period
Grants paid during the period
Commitments at 31 March 2023
8 GOVERNANCE COSTS
Staff costs
Office & Premises
Trustees expenses incl. insurance
Accountants fees for Audit
Accountants fees for other services
Other professional fees		 2,183,083
(26,776)		 2023
£
697,743
2,156,307
(2,708,165)
145,885		 2,230,491
(55,638)
2023
£
12,119
1,432
2,973
3,150
-
540
20,214		 2022
£
659,220
2,174,853
(2,136,330)
697,743
2022
£
12,436
1,051
2,589
2,940
-
889
19,905

Page 35

TWO RIDINGS COMMUNITY FOUNDATION

Notes to the Accounts for the year ended 31 March 2023

9 STAFF COSTS

Salaries
Social security costs (incl Employment Allowance)
Pension costs
Other benefits and allowances
Temporary staff/freelance
Average number of employees during the period was:
On a full time equivalent basis
Headcount		 2023
£
272,674
19,908
13,597
(7)
-
306,172
8.1
11.1		 2022
£
291,059
21,575
14,273
1,642
2,239
330,788
9.4
12.0

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 £150,418 (2022: £189,690).

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. (2022: £Nil) Payment of £558 was made for expenses incurred by 1 trustee for attending the UKCF network conference, accommodation & travel expenses during the year. (2022: 1 trustee was reimbursed £89)

10 TANGIBLE FIXED ASSETS

GIBLE FIXED ASSETS
Computer Office
Equipment Equipment Total
Cost
At 1 April 2022 18,134 2,690 20,824
Additions during the period - - -
Disposals during the period - -
As at 31 March 2023 18,134 2,690 20,824
Depreciation
At 1 April 2022 11,604 1,109 12,713
Charge for the period 3,162 431 3,593
Disposals during the period -
As at 31 March 2023 14,766 1,540 16,306
Net Book Value
At 31 March 2023 3,368 1,150 4,518
At 31 March 2022 6,530 1,581 8,111

Page 36

TWO RIDINGS COMMUNITY FOUNDATION

Notes to the Accounts for the year ended 31 March 2023

11 FIXED ASSET INVESTMENTS
Listed
Investments/CIS
£
Market value at 1 April 2022
8,732,620
Increase/(decrease) in cash invested
Additions to investments
68,358
Proceeds of Disposals
(6,646)
Realised gain/(loss) in the year
(396)
Unrealised gain/(loss) in the year
(568,363)
Market value at 31 March 2023
8,225,573
Equities
Fixed Interest/Bonds
Alternatives
Collective Investment Schemes
Deposit and other cash balances		 Deposit &
Other cash
balances
£
295,047
(52,794)
-
-
-
-
242,253		 Total
2023
£
9,027,667
(52,794)
68,358
(6,646)
(396)
(568,363)
8,467,826
2,340,309
1,160,310
263,763
4,461,191
242,253
8,467,826		 2022
£
6,408,196
156,691
2,139,406
(10,000)
383
332,991
9,027,667
2,778,233
961,495
314,726
4,678,166
295,047
9,027,667

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

12 DEBTORS AND PREPAYMENTS

Gift Aid tax recoverable
Prepayments
Grant programme income owing
Other debtors
13 CREDITORS AND ACCRUALS
Grants committed not yet paid *
Other creditors
Deferred income
Accruals		 2023
£
4,357
2,268
273,779
46,237
326,641
2023
£
145,885
24,416
29,456
13,380
213,137		 2022
£
2,544
1,032
37,635
44,731
85,942
2022
£
697,743
14,525
12,000
20,832
745,100

Page 37

TWO RIDINGS COMMUNITY FOUNDATION

Notes to the Accounts for the year ended 31 March 2023

14 COMMITMENTS

At 31 March 2023 the charity has annual commitments under non cancellable operating leases as follows:

2023 2022
Expiring within 1 year - -
Expiring within 2-5 years 9,314 -

15 ENDOWMENT FUNDS

Opening
Balances
£
Permanent Endowment
LDJ Design & Display
9,374
North Yorkshire Community Fund
380,012
Postgate's Foundation
12,159
Red & White Fund
29,315
Total
430,860
Expendable Endowment
Alderman Jackson's Appeal Trust Fund
301,426
Community First Prime Opportunities Fun
25,630
Community First Whitby Fund
107,588
EG & MA Bousfield Fund
1,428,679
Gilberdyke Endowment Fund
21,230
GRE Richard Weare Fund
1,907,324
Hanson 5 Fund
30,386
Hanson Fund for Scarborough
-
Heart of Yorkshire
1,986,724
John & Carole Mortimer Endow Fund
25,423
Lyn & Trevor Shears Fund
49,661
Lyn & Trevor Shears Harrogate
61,294
McInroy and Wood
23,522
North Yorkshire Pioneers Fund
124,931
North Yorks. Reward Endowment Fund
613,741
Presence Church
25,000
Rusholme Windfarm Endowment Fund
74,491
Terry's Fund
-
The Harry Bolland Fund
448,049
The Local Fund for the Harrogate District
155,240
The Moss Family Fund
93,737
The Whitby Fund
62,294		 Incoming
Resources
£
-
-
-
4,800
4,800
-
-
6,000
-
-
-
-
18,750
-
-
-
20,000
-
-
-
-
-
75,000
-
-
-
-		 Gain/(Loss)
on
Investments
£
(602)
(24,400)
(781)
(1,789)		 Resources
Expended
(29)
(1,176)
(38)
(101)
(1,344)
(932)
(4,419)
(66)
(5,899)
(94)
(97)
(6,204)
(79)
(154)
(293)
(73)
(386)
(1,898)
(163)
(230)
(125)
(1,386)
(346)
(290)
(193)		 Transfers
(262)
(10,623)
(340)
(744)
(11,969)
(8,426)
(1,282)
(5,364)
(39,936)
(593)
(53,316)
(849)
18,750
(12,561)
(711)
(1,388)
19,547
(318)
(3,492)
(17,156)
25,000
(2,082)
-
(12,524)
(48,978)
(2,620)
(1,741)		 Closing
Balances
£
8,481
343,813
11,000
31,481
(27,572) 394,775
(19,355)
(995)
(4,146)
(91,737)
(1,363)
(122,471)
(1,951)
874
(126,728)
(1,632)
(3,189)
(2,750)
(1,501)
(8,022)
(39,409)
(1,144)
(4,783)
2,200
(28,770)
(10,974)
(6,019)
(4,000)		 272,713
23,353
104,078
1,292,587
19,208
1,725,638
27,492
38,277
1,841,231
23,001
44,930
97,798
21,630
113,031
555,278
48,693
67,396
77,075
405,369
94,942
84,808
56,360

Page38

TWO RIDINGS COMMUNITY FOUNDATION

Notes to the Accounts for the year ended 31 March 2023

Walk in My Shoes
15,000
Williams Family Scarborough Fund
-
York Children & Young People's Fund
100,959
York Women & Girls Fund
159,555
Yorks. Coast for Borough of Scarborough
150,000
Yorkshire Forces Families & Vets. Support
189,913
Yorkshire Oaks
31,044
8,212,841
Total Endowment
8,643,701		 15,000
100,000
-
-
-
-
-
234,750
239,550		 (630)
5,867
(6,483)
(10,245)
(12,939)
(12,194)
(1,993)		 (89)
(334)
(312)
(493)
(252)
(587)
(96)
(25,490)
(26,834)		 -
100,000
(2,822)
(4,460)
(120,505)
(5,309)
(868)
(184,004)
(195,973)		 29,281
205,533
91,342
144,357
16,304
171,823
28,087
(516,482) 7,721,615
(544,054) 8,116,390

Fund transfers

Transfers represent funds drawn down from the capital fund and transferred to restricted funds for furtherance of charitable objectives

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.

Page39

TWO RIDINGS COMMUNITY FOUNDATION

Notes to the Accounts for the year ended 31 March 2023

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.

Hanson Fund for Scarborough

A fund to benefit communities in Scarborough Borough with a particular focus on supporting Children & Young People

Heart of Yorkshire

A fund to support charitable activity for the wellbeing of people in the Selby District.

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.

Lyn & Trevor Shears Harrogate Fund

A fund administered under the 'umbrella' of The Local Fund for the Harrogate District, for the benefit of people living in the area.

McInroy and Wood

A fund administered under the 'umbrella' of The Local Fund for the Harrogate District, for the benefit of people living in the area.

North Yorkshire Pioneers

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

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.

Presence Church

A fund administered under the 'umbrella' of The Local Fund for the Harrogate District, for the benefit of people living in the area.

Page40

TWO RIDINGS COMMUNITY FOUNDATION

Notes to the Accounts for the year ended 31 March 2023

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.

Terry's Fund

A fund to improve employability for people with disabilities or other disadvantage in North Yorkshire & York, with particular priority to people from Great Ayton and Middlesborough.

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 Local Fund for the Harrogate District

A fund to support and strengthen voluntary and community sector organisations based in and serving 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.

Walk in My Shoes

A fund to support people in North and East Yorkshire, particularly those who are most marginalised.

Williams Family Scarborough Fund

A fund to benefit communities in Scarborough Borough with a particular focus on supporting Children & Young People

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.

Yorks Coast for the Borough of Scarborough

A fund to support charitable activity for the wellbeing of people in the Scarborough Borough.

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.

Page41

TWO RIDINGS COMMUNITY FOUNDATION

Notes to the Accounts for the year ended 31 March 2023

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 £20,776 to distribution funds in the reporting period.

At beginning of the reporting period
Gift component of the permanent endowment
Indexed element of UTR
Unapplied total return available for distribution
Total
Movements in the reporting period
Gift of endowment funds
Investment return: dividends & interest
Gain/(loss) on investment
Investment management costs
Unapplied total return allocated to distribution funds
in the reporting period
Net movement in reporting period
At end of reporting period
Gift component of the permanent endowment
Indexed element of UTR
Unapplied total return available for distribution
Total		 Endowment
£
239,232
-
-
239,232
4,800
-
-
-
-
4,800
244,032
-
-
244,032		 Unapplied
Total Return
(UTR)
£
-
72,178
119,450		 Total
Endowment
£
239,232
72,178
119,450
191,628 430,860
-
9,575
(27,572)
(1,344)
(21,544)
-		 4,800
9,575
(27,572)
(1,344)
(21,544)
-
(40,885) (36,085)
-
103,558
47,185		 244,032
103,558
47,185
150,743 394,775

Page42

TWO RIDINGS COMMUNITY FOUNDATION

Notes to the Accounts for the year ended 31 March 2023

17 RESTRICTED FUNDS

RESTRICTED FUNDS
Opening Incoming Resources Gains/(Losses) Closing
Balances Resources Expended Transfers Balances
£ £ £ £ £
Foundation Development 2,900 20,000 (17,398) - 5,502
Anna Maria Fund 161,682 - (52,121) (3,909) 105,652
Arts Council England Let's Create 10,003 (14,495) 4,492 - -
Arqiva Bilsdale Mast 28,500 - (1,000) - 27,500
Arts for Change 42 2,900 (2,000) (200) 742
Belfrey Small Grants Fund - 55,000 (43,054) (5,000) 6,946
Bettys Community Fund 1,423 221,900 (158,602) (15,000) 49,721
Bettys & Taylors Family Fund 2,153 119,000 (87,650) (9,574) 23,929
British Red Cross Ukraine Support Fund - 55,000 (11,775) (5,000) 38,225
BSA Ideas fund 110 14,100 (8,295) 5,915
Building Forward Together 3,000 100,000 - 103,000
Catalyst Fund 7,026 2,760 (7,576) - 2,210
Coastal Road 25,000 - - - 25,000
Coronavirus Funds
Coronavirus Lankelly Chase Build Back Be 2 - (2) -
Coronavirus (JRCT) Fund 1,188 (1,188) -
Cost of Living Crisis Appeal funds -
Cost of Living 111,046 (26,626) (8,884) 75,536
Cost of Living East Riding 100,000 (44,935) (4,000) 51,065
Cost of Living North Yorks 121,719 (110,189) (11,530) -
Cost of Living Scarborough 25,000 (11,500) 13,500
York Cost of Living 3,068 (83) (245) 2,740
Cost of Living Communities in Crisis 31,534 (29,595) (1,939) -
Disaster and Recovery Funds -
Disaster and Recovery Fund 1,904 150 (3) (9) 2,042
East Yorkshire Recovery Fund 13,955 - (347) 13,608
North Yorkshire Flood Recovery Fund 73,885 - (9,500) 64,385
Swaledale and Wensleydale Recovery 1,082 - (1,082) - -
Tadcaster Business Flood Recovery - 134,750 (79,194) (12,250) 43,306
York Flood Appeal 377,987 7,911 (1,113) (26,782) 358,003
TNL Community Fund Flood Support 18,600 - (917) 17,683
Dragons' Den Fund - 29,249 (26,564) (2,685) -
Dulverton Trust Fund - 110,332 (85,916) (11,033) 13,383
East Riding Crime Reduction Fund - (249) 249 - -
Future Communities Initiative 6,233 2,754 (8,987) - -
Fraisthorpe Windfarm 179,163 81,974 (44,000) 12,248 229,385
George Toplis 7,787 - (5,000) (250) 2,537
Grace's Fund 3,653 - - - 3,653
GVC 30,000 - - - 30,000
Harrogate Street Aid 11,707 8,436 (12,378) (1,404) 6,361
HEY Confident Futures 40,472 39,585 (80,057) -
HEY Confident Futures (Chapter 2) - 29,935 (19,065) 10,870

Page 43

TWO RIDINGS COMMUNITY FOUNDATION

Notes to the Accounts for the year ended 31 March 2023

**17 ** RESTRICTED FUNDS (continued) Opening Incoming Resources Gains/(Losses) Closing
Balances Resources Expended Transfers Balances
£ £ £ £ £
High Sheriff of North Yorkshire Fund 13,660 - 13,660
High Sheriff of East Yorkshire Fund 1,000 (202) 798
Humber & NY Health & Care Partnership
NHS App Engagement 14,912 - (5,000) (9,912) -
Population Health Management 25,000 (31,300) 6,300 -
Springboard Programme 60,000 - (36,000) - 24,000
VCSE Leadership Programme 27,212 2,500 (25,073) (4,488) 151
Insite Property Solutions 18,000 - (10,000) 8,000
I Will - 37,470 (33,723) (3,747) -
JPG Naylor Fund 8,691 79 (6,553) (1,172) 1,045
JRCT Step Change Fund 65,693 66,000 (101,689) (6,000) 24,004
Knabs Ridge Wind Farm Community Fund 26,836 29,137 (18,575) (2,649) 34,749
Know Your Neighbourhood - 159,977 (159,977) -
Lankelly Chase CYP Inquiry 12,728 - (15,897) 3,169 -
Lankelly Chase Deciding Together Fund 30,562 - (18,090) 1 12,473
Lankelly Chase YP Participation Grants 30,030 55,833 (77,362) (8,501) -
Lord Mayor of York Fund (C Cullwick 21-22) 8,806 19,945 (27,743) (1,008) -
Lord Mayor of York Fund (D Carr 22-23) - 1,725 (54) 1,671
Made By Sport 5,088 (3,760) 1,328
Nimbuscare 90,000 66,239 (148,849) (7,360) 30
Paula James fund - 1,000 (1,000) -
Peter Sowerby Fund 25,635 165,000 (79,631) (7,500) 103,504
Reboot North Yorkshire 146 - - 146
Richard Weare Fund 22,878 468 (2,066) (1,593) 19,687
Rita Hunt fund 6,250 - - - 6,250
Rusholme Windfarm Community Benefit Fund 97,149 47,522 (55,081) (3,271) 86,319
Scarborough Children and Young People's Fund 5,913 25,050 (3,002) (2,505) 25,456
Six Penny Wood Community Benefit Fund 1,833 30,655 (14,620) (3,406) 14,462
Stokesley & Great Ayton Fund 4,830 - (4,830) - -
Stubbs Family Fund 1,520 - 1,520
Surviving Winter 11,886 1,978 (57) (198) 13,609
The Local Fund for the Harrogate District
Full Circle Fund 1,875 12,500 (9,763) (625) 3,987
TLF for the Harrogate District 2,921 737 (1,177) 2,481
TLF Harrogate District Lottery - 33,000 (27,800) (3,000) 2,200
Harrogate Borough Council Small Grants 704 (704) - -
The Royal Foundation - 13,043 (13,043) - -
Two Ridings Small Grants 588 20,037 (5,500) (9,200) 5,925
Williams Family fund - 137,500 (115,308) (12,500) 9,692
Women & Girls Fund 1,224 - 70 (1,294) -
Women in Business - 6,125 7,419 13,544
Wrigley Fund - 25,000 (200) - 24,800
York Street Aid 7,430 2,854 (3,683) (371) 6,230
York Street Aid Development 4,902 (663) - 4,239

Page 44

TWO RIDINGS COMMUNITY FOUNDATION

Notes to the Accounts for the year ended 31 March 2023

**17 ** RESTRICTED FUNDS (continued) Opening Incoming Resources Gains/(Losses) Closing
Balances Resources Expended Transfers Balances
Endowment Distribution Funds £ £ £ £ £
Alderman Jackson's Appeal Trust Fund 15,918 6,645 (1,000) 4,326 25,889
Community First Whitby Fund 3,569 3,067 (5,000) 4,521 6,157
Community First Prime Opportunities 7,871 714 (1,300) 1,082 8,367
E & M Bousfield Fund 57,254 31,498 (102,126) 16,981 3,607
Gilberdyke Fund 582 468 (250) 256 1,056
GRE Richard Weare 25,222 42,050 (68,166) 28,947 28,053
Hanson 5 525 670 (714) 367 848
Hanson Fund for Scarborough - 704 (504) 200
Harry Bolland Fund 18,368 9,878 (33,739) 6,430 937
Heart of Yorkshire 48,893 44,158 (12,933) 80,118
John and Carole Mortimer fund - 560 (500) 307 367
LDJ Design & Display 170 207 113 490
Lyn and Trevor Shears Fund 1,922 1,095 (1,000) 600 2,617
Lyn and Trevor Shears Harrogate 303 2,133 (1,000) (1,058) 378
McInroy and Wood 70 523 - (58) 535
Moss Family Fund 3,035 2,067 (2,000) 1,133 4,235
North Yorkshire Community Fund 7,863 8,378 (15,528) 5,204 5,917
North Yorkshire Pioneers 5,839 2,754 (5,500) 1,793 4,886
North Yorkshire Reward Fund 20,551 13,531 (41,222) 8,557 1,417
Postgate's Foundation 3,490 268 - 147 3,905
Presence Church 43 1,160 - (838) 365
Red and White Fund 1,102 1,922 (2,200) 226 1,050
Terry's Fund - 2,947 (665) 2,282
The Local Fund for Harrogate 1,108 2,444 (4,000) 2,462 2,014
Walk in My Shoes 4,826 10,638 (12,000) (1,660) 1,804
Whitby Fund 892 1,373 (1,000) 1,035 2,300
Williams Family Scarborough Fund - 2,525 (1,646) 879
York Children & Young People's Fund 11,859 2,226 (10,878) 1,220 4,427
Yorks Coast for the Borough of Scarborou 25,291 26,720 (21,875) (1,972) 28,164
Yorkshire Oaks 1,201 684 (1,000) 376 1,261
York Women and Girls 6,006 3,518 (500) 2,290 11,314
Yorkshire Forces Families & Veterans Supp 8,172 4,187 - 2,726 15,085
1,901,303 2,632,445 (2,373,372) (111,094) 2,049,282

Gains/Fund Transfers

Transfer from endowment

£195,973 transfers from endowment funds for furtherance of charitable objectives

Transfer to Unrestricted funds

£282,362 transfer to unrestricted funds relates to the contribution to fund management and administration costs as agreed with the donor.

Investment gains/(loss)

£24,705 investment losses relating to long term funds held in the Foundation's investment portfolio.

Page 45

TWO RIDINGS COMMUNITY FOUNDATION

Notes to the Accounts for the year ended 31 March 2023

Fund Details

Foundation Development

Grants and donations to develop philanthropy in the region

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 Council England Let's Create

A fund provided by Arts Council England to support creative and cultural activities as part of the Queen's Platinum Jubilee celebrations.

Arqiva Bilsdale Mast

A fund supporting charitable activity for the direct wellbeing of vulnerable people in North Yorkshire affected by the Bilsdale Transmitter coverage.

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.

Belfrey Small Grants Fund

A fund to support activities focused on alleviating poverty, improving mental health and supporting young people and families.

Bettys Community Fund

A fund to support activity that benefits communities in Yorkshire.

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 Red Cross Ukraine Support Fund

A fund to support Ukranian refugees in the UK

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.

Building Forward Together

A fund for the creation of a network of sustainable infrastructure support for the Voluntary Sector in the City of Hull.

Catalyst Fund

The Catalyst fund is a collective giving fund supporting community groups in York and North Yorkshire.

Coastal Road Fund

A fund supporting projects that broaden opportunity and enable wellbeing for people in Whitby and the surrounding area.

Coronavirus Community Fund(s)

Funds to support organisations affected by the Coronavirus pandemic.

Cost of Living Crisis Appeal funds

Funds to support organisations affected by the Cost of Living crisis.

Page 46

TWO RIDINGS COMMUNITY FOUNDATION

Notes to the Accounts for the year ended 31 March 2023

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, and the National Lottery Community Fund,York and N. Yorks Business Recovery and York Flood Appeal.

Dragons' Den Fund

A fund for charitable donations made to organisations participating in 'Dragons' Den' fundraising events.

Dulverton Trust Fund

A fund to support local needs in North & East Yorkshire, with priorities of youth opportunities, general welfare, conservation & preservation.

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.

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.

Full Circle Fund

A fund provided by Full Circle Funerals, sitting under the 'umbrella' of The Local Fund for the Harrogate District..

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.

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.

GVC

A fund supporting local communities and projects with a focus on sport and physical/mental health, in particular for young men.

Harrogate Borough Council Small Grants

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

Harrogate Street Aid

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

HEY Confident Futures/HEY Confident Futures (Chapter 2)

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

High Sheriff of North Yorkshire Fund/High Sheriff of East Yorkshire Fund

To support charitable activity in North Yorkshire and East Yorkshire respectively.

Humber & NY Health & Care Partnership - NHS App Engagement

Funding for activity to increase the uptake and usage of the NHS App.

Humber & NY Health & Care Partnership - Population Health Management

Funding to deepen understanding of the data held across the VCSE sector in the Humber & North Yorkshire region.

Page 47

TWO RIDINGS COMMUNITY FOUNDATION

Notes to the Accounts for the year ended 31 March 2023

Humber & NY Health & Care Partnership - Springboard Programme

A community leadership programme for people from the black, Asian and minority ethnic communities in the Humber & North Yorkshire Health & Care partnership region.

Humber & NY Health & Care Partnership - VCSE Leadership Programme

Funding to facilitate improved partnership working between Humber & North Yorkshire Health & Care 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 milita

IWill

A fund focusing on issues affecting young people, particuarly in areas of economic deprivation and ethnic groups that have been hit especially hard by the Covid pandemic.

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.

Know Your Neighbourhood

Funded by UK Government, Know Your Neighbourhood fund is part of a multi year funding programme in Hull (and other areas of the country) to increase volunteering and reduce loneliness and social isolation.

Lankelly Chase Children and Young People Enquiry

A fund for York focused on changing systems that perpetuate severe and multiple disadvantage, and the coordination of an action inquiry into children and young people's experiences concerning severe social harm.

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.

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.

Made By Sport

A fund providing grants to organisations focused on grassroots sport, with a particular focus on clubs in crisis.

Nimbuscare

A fund set up to enable Nimbuscare to invest back into the local communities that it serves.

Page 48

TWO RIDINGS COMMUNITY FOUNDATION

Notes to the Accounts for the year ended 31 March 2023

Paula James Fund

A fund in memory of Paula James to benefit communities in York and East Riding of Yorkshire, with priority to the communities of York, Wilberfoss, Barmby Moor and Pocklington.

Peter Sowerby Fund

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

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.

Scaborough District Children and Young People's Fund

A fund to increase opportunities for children and young people to thrive in the Boroughs of Scarborough District.

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.

Stubbs Family Fund

A fund supporting charitable activity to improve the wellbeing of people in Yorkshire, with priority to small local community groups.

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

The Royal Foundation

A fund to support the development of the Scarborough Children & Young People's fund

Two Ridings Small Grants

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

Williams Family Fund

A fund established by the Williams family to support children & young people in Yorkshire.

Women and Girls Fund

A fund to support organisations working with women and girls

Page 49

TWO RIDINGS COMMUNITY FOUNDATION

Notes to the Accounts for the year ended 31 March 2023

Women In Business

A fund set up and funded by women, for women that supports groups working to inspire, support and enable women, girls and families in York and North Yorkshire

Wrigley Fund

A fund supporting charitable organisations in North Yorkshire.

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

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

STRICTED FUNDS
Opening Incoming Resources Closing
Balances Resources Expended Transfers Balances
£ £ £ £ £
General Fund 287,249 39,774 (291,706) 241,632 276,949
Designated fund: Digital Development - - - 40,730 40,730
-
287,249 39,774 (291,706) 282,362 317,679

Designated Funds

Digital Development Fund

A fund to support digital transformation projects over the next 2 years including the upgrade of the Foundation's CRM database and finance software.

19 ANALYSIS OF NET ASSETS BETWEEN FUNDS

Fixed Assets
Investments
Current Assets
Current Liabilities
2023 Total
2022 Total		 Restricted
Funds
£
306
351,736
1,885,487
(188,247)
2,049,282
1,901,303		 Unrestricted
Funds
£
4,212
-
338,357
(24,890)
317,679
287,249		 Endowment
Funds
£
-
8,116,090
300
-
8,116,390
8,643,701		 Total Funds
2023
£
4,518
8,467,826
2,224,144
(213,137)
10,483,351
10,832,253		 Total Funds
2022
£
8,111
9,027,667
2,541,575
(745,100)
10,832,253

Page 50

TWO RIDINGS COMMUNITY FOUNDATION

Notes to the Accounts for the year ended 31 March 2023

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.

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 2022 the potential liabilty upon withdrawal in respect of the Series 3 Scheme was advised as being £4,413 (September 2021: £7,572)

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

Net (expenditure)/income for the period
Adjustments for:
Depreciation charges
Receipt of endowment
(Gains)/losses on investments
Dividends, interest and rents from investments
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash provided by (used in) operating activities		 2023
2022
(348,902)
2,310,492
3,593
3,752
(239,550)
(2,468,300)
568,759
(333,374)
(228,887)
(181,052)
(240,699)
15,030
(531,963)
(29,910)
(1,017,649)
(683,362)

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TWO RIDINGS COMMUNITY FOUNDATION

Notes to the Accounts for the year ended 31 March 2023

23 ANALYSIS OF CASH & CASH EQUIVALENTS
Cash in Hand
Deposits & Cash
Total cash & cash equivalents		 2023
50
1,897,453
1,897,503		 Movement
in cash flow
2022
-
50
(558,130)
2,455,583
(558,130)
2,455,633

24 RELATED PARTY TRANSACTIONS

Gill Hughes is a Trustee of Two Ridings Community Foundation and a director of Rooted in Hull, who received 2 grants totalling £15,000 during the financial year, and a trustee of HU4 Community Network Hub who received 1 grant of £2,000 during 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.

Two Ridings Community Foundation was the lead partner in a project with University of Hull and Hull & East Yorkshire Time Bank to support applicants applying to the British Science Association Ideas Fund for the Hull area until October 2022. Gill Hughes is employed by University of Hull and is one of the partners involved in the project. The project supports applicants to the Ideas Fund and all direct grants from the Ideas Fund are awarded by the British Science Association.

Peter Oluotch is a trustee of Two Ridings Community Foundation and Chief Officer of Humber Community Advice Services (HCAS). HCAS participated in the Leadership Advocacy Network and HEY Confident Futures Programme managed by Two Ridings Community Foundation during the financial year 2022-23. HCAS also received 1 grant of £5,000 during the financial year. This award was made in accordance with the criteria of the fund, Peter Oluotch was not involved in the decision making process, the award was permitted by the Charity's constitution and all appropriate procedures were observed.

Quilter Cheviot supported an event for Two Ridings Community Foundation. Andrew Wilson is an Executive Director at Quilter Cheviot

McInroy & Wood supported an event for Two Ridings Community Foundation and have an endowment fund. Elizabeth Wild is an Investment Director at McInroy & Wood.

Trustees made donations to the charity totalling £ 7,411 including gift aid during the period (2022: £6,555)

Page 52

TWO RIDINGS COMMUNITY FOUNDATION

Notes to the Accounts for the year ended 31 March 2023

25 GRANTS AWARDED TO GROUPS

Climate Action
Grants under £5,000
Woodmeadow Trust
Friends of St Nicholas Fields
Bridlington, Amateur, Operatic and Dramatic Society
Decent Work and Economic Growth
Grants under £5,000
Blend Cook Eat Share CIC
Good Health and Wellbeing
Grants under £5,000
Hull Sisters Ltd
Thunk-It Theatre Ltd
ARCADE
Neighbourhood Network
Toolbox Drama
Talking About Loss
Big Futures Foundation
Thunk-It Theatre Ltd
Accessible Arts & Media
York Neighbours
Shine21
Biomation Productions C.I.C
The Hut York Ltd
Dandelion Arts
Menfulness
Community First Yorkshire
Humber and Wolds Rural Action
Forum for NE Lincs
Forum for Hull
HEY Smile Foundation
TimeBank Hull and East Riding
York Centre For Voluntary Service
Grow Wild York CIC
Just The Job Environmental Enterprise Ltd
Treasure Chest York
York Mind
York Bike Belles
York In Recovery
Edlington Community Organisation
Scarborough Disabled Swimming Group
York Womens Counselling Service
Higher Rhythm Ltd		 £
24,402
5,000
9,830
10,000
49,232
4,000
40,100
44,100
229,387
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,050
5,050
5,050
5,050
5,050
6,043
6,050
6,376
6,600
8,531
9,238
9,448
9,620
9,655
9,782
10,000
10,000

Page 53

TWO RIDINGS COMMUNITY FOUNDATION

Notes to the Accounts for the year ended 31 March 2023

Good Health and Wellbeing (continued)
Big Futures Foundation
Time to Listen
Bridlington Seasider CIC
Groundwork North Yorkshire
Community First Yorkshire
Age UK Hull and East Riding
No Poverty
Grants under £5,000
Hessle Road Network
Resurrected Bites Community Interest Company
Kingstrust Network CIO : Gateway Community Care
The Green Team
Restore ( York ) Limited
Humber All Nations Alliance
Rhema Counselling & Recovery Services
Sparks Project CIC
SELFA
Settle Community and Business Hub CIC
Sparks Project CIC
Citizens Advice Mid-North Yorks
Flash Company Arts Ltd. CIC
Upper Wensleydale Community Partnership
Hessle Road Network
The Moorlands Community Charity
Spring Cafe - Hunmanby All Saints Church
Community Works
Thunk-It Theatre Ltd
Kingfisher Trust
Quality Education
Grants under £5,000
Highfield Community Association (HCA)
SELFA
Rooted In Hull
Big Futures Foundation
Reduced Inequalities
Grants under £5,000
Big Futures Foundation
The Peel Project CIC
Humber Community Advice Services
New Life Support
Toranj Tuition
Home-Start York		 £
10,000
10,000
10,392
15,244
25,000
26,873
528,489
208,318
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
7,100
7,774
8,000
8,000
8,000
8,000
10,000
10,000
10,000
10,000
10,000
11,000
356,192
7,150
5,000
5,000
5,000
10,000
32,150
97,909
5,000
5,000
5,000
5,000
5,000
5,000

Page 54

TWO RIDINGS COMMUNITY FOUNDATION

Notes to the Accounts for the year ended 31 March 2023

Reduced Inequalities (continued)
Next Door But One
Generate
City of Hull Sport and Community Group CIC
City of Hull Sport and Community Group CIC
Shine21
Generate
Clean Slate Solutions
The Wilberforce Trust
SASH
Flash Company Arts Ltd. CIC
Not Pants CIC (trading as Creative Briefs)
Hull & East Riding Citizens Advice Bureau
East Riding Voluntary Action Services
Youth Aspire Connect
Carers Plus Yorkshire Ltd
Toranj Tuition
Snappy
Hull and East Yorkshire Children's University
Door 84
Goodwin Development Trust
Peer Support - New Beginnings
Institute of Developmental Studies
Together With Young People Collective
The Hinge Centre limited
Sustainable Cities and Communities
Grants under £5,000
East Yorkshire Community Transport Limited
Happy Tears Foundation
York Neighbours
Happy Healthy You
Holme Valley Transport Scheme
Prentice Hill C.I.C
Clean Slate Solutions
Revival North Yorkshire CIC
The Trauma Centre Community Interest Company
Samaritans of Harrogate and District
Dales and Bowland CIC
Create Arts Development Ltd
Home-Start Richmondshire
Dales and Bowland CIC
Our Father's Heart
Door 84
Old Priory Judo Club
Ryedale Community Foodbank
Gallows Close Centre Management Committee
The Place in Settle		 £
5,096
6,000
6,560
7,020
7,100
7,618
9,000
9,238
9,238
9,250
9,603
9,781
9,999
10,000
10,000
10,000
10,000
10,000
10,000
10,653
13,500
24,900
35,587
45,000
423,052
174,991
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,500

Page 55

TWO RIDINGS COMMUNITY FOUNDATION

Notes to the Accounts for the year ended 31 March 2023

Sustainable Cities and Communities (continued) £
Humber All Nations Alliance 6,000
Next Door But One 6,000
Time Bank Hull and East Riding 6,121
Grassington Hub 6,660
St Leonard's Hospice 7,000
Skipton Step into Action (SSIA) 7,750
Peer Support - New Beginnings 7,750
Supporting Older People CIO 9,500
Driffield Youth Action 10,000
Concrete Youth 10,000
Home-Start York 10,000
Tourettes-syndrome Inclusion in the Community (T.I.C.) 10,000
Fitmums and friends 10,000
Rooted In Hull 10,000
Revival North Yorkshire CIC 10,000
Veterans Woodcraft CIC 10,000
Sidewalk Youth Project 10,000
HEY Smile Foundation 15,600
Drax Cricket Club 18,600
TimeBank Hull and East Riding 19,000
Hull Council for Voluntary Services 19,634
Read School 25,000
Drax Cricket Club 55,000
575,106
Zero Hunger
Grants under £5,000 17,250
The Valley Project 5,000
Highfield Food Coop 5,000
Groundwork Wakefield 5,000
Raise the Roof 5,000
Ryedale Community Foodbank 5,000
42,250
Total Grants to Organisations 2,050,571

Page 56