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**Annual Report & Financial Statements** for the period ended **31 March 2024** 

Charitable Incorporated Organisation Registration Number: 1166471 

**www.tworidingscf.org.uk** 



## **Contents** 

|How can we help?|3|
|---|---|
|Annual Report|4 - 18|
|Statement of Trustees’ Responsibilities|19|
|Independent Auditor's Report|20 - 23|
|Statement of Financial Activities|24|
|Balance Sheet|25|
|Statement of Cash Flows|26|
|Notes to Accounts|27 - 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: 

- Contributing to one of our five community funds across the region 

- Setting up a named fund supporting a local community or cause you are passionate about Becoming a Two Ridings Community Champion Leaving a gift in your will Providing sponsorship or in-kind support Making a donation to one of our collective appeals, like our Winter Resilience appeal. 

Find out more and get in touch: 

www.tworidingcf.org uk 

info@tworidingscf.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. 

01904 929500 


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**Chair's and Chief Executive’s Introduction** 

## Richard Frith Chair of Two Ridings 2022 - present 

## Celia McKeon, Chief Executive 

Thanks, admiration and hope sum up my appreciation of Two Ridings. 

Thanks are to all those involved in so many ways in enabling Two Ridings to flourish so effectively. 

Admiration is of the skill, dedication and hard work of the staff, the wonderful generosity of donors, the supportive commitment of trustees and other volunteers, and above all the transformative work of the organisations which receive grants. 

My hope and expectation are that Two Ridings will continue to go from strength to strength. 


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Every day, in every part of North and East Yorkshire, extraordinary people are making magic happen in our communities. Their work is varied: they provide food and warm spaces, organise activities for children and young people, run community transport, provide opportunities to learn new skills, promote health and wellbeing and look after the stunning natural world around us. This is work that enriches and often transforms lives, and it is crucial to our experience of the places we call home, to our experiences of community 

At Two Ridings, we are immensely proud to support and enable this work. Over the last year, we have made 477 grants to small grassroots organisations across our region, distributing more than £2.2 million. Our grant-making is complemented by our dynamic and impactful HEY Confident Futures leadership programme, which continues its work to support confident, generous leaders. I am grateful to all the donors and supporters who have made this possible, and to our brilliant team of staff, trustees and volunteers for their incredible dedication, skill and effort. We are excited by what we have achieved and look forward to continuing our work together to foster thriving, equitable, connected communities. 


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**Le al and Administrative Information g** 

## Trustees 

Richard Frith (appointed July 2020, Chair from July 2022) Katherine Blaker (appointed March 2024) Paul Downey Rolline Frewen Katherine Gargan (appointed March 2024) Hannah Harris (resigned April 2023) Gillian Hughes Chris Legard DL Emma Lindsell (Kissack) Peter Oluotch Alison Pearson (resigned December 2023) Harriet Reid Deborah Rosenberg Victoria Savile (appointed March 2024) Elizabeth Wild Andrew Wilson Venetia Wrigley DL Chief Executive Registered Office Jan Garrill                             Chief Executive (resigned May 2023) Pavilion 2000, Amy Johnson Way, Celia McKeon                      Chief Executive (appointed April 2023) Clifton Moor, York YO30 4XT 

Auditors Investment Managers Hunter Gee Holroyd, Club Chambers, CCLA Investment Management Limited, Museum Street, York YO1 7DN One Angel Lane, London, EC4R 3A Bankers Brown Shipley (to October 2023) Virgin Money, , 10 Wellington Place, Leeds, LS1 4AP 

Virgin Money, , 46 Coney Street, York YO1 9NQ 

Waverton Investment Management Ltd  (from October 2023) 16 Babmaes Street, London, SW1Y 6AH 


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**Objectives and Activities** 

Two Ridings Community Foundation is an independent, regional charity that supports thriving, connected communities across North and East Yorkshire. 

We invest in, nurture and advocate for the power of community to transform people’s lives throughout the region. 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. We also deliver a leadership programme for leaders from the social and cultural sector in Hull and the 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 grants 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 477 grants awarded are set out in notes 7 and 26 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, equitable 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** 

_“It is always a pleasure to deal with Two Ridings staff, who are efficient, friendly and helpful. Hundreds of children, and their families, are living happier and healthier lives because of Two Ridings’ funding.”_ 

We distribute our grants in ways that enable their work to continue and flourish, for the benefit of people across North and East Yorkshire. 

We are proud to record many achievements during 2023/24, against an increasingly difficult backdrop for many people and communities. The ongoing Cost of Living Crisis continued to make life extremely challenging across the region, with demand for services soaring, amid ongoing pressure on public finances and services. Our focus has been on continuing to bring in and distribute new funds to support the vital work of local grassroots groups, who are often the first port of call for people in crisis. 


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

At Two Ridings, we know that placing value on relationships is key to building thriving, equitable and connected communities. We place people at the heart of everything we do. 

There was significant change to our staff team over the course of the year. We said goodbye to our former Chief Executive, Jan Garrill, in May 2023, as well as to Fran Bryan, Isabelle Clough and Roxanne Wood. 

We were delighted to welcome Celia McKeon as the new Chief Executive, followed shortly after by Vicky Oulton as Finance and Data Coordinator. 

Following a review of the staffing structure, Harriet Johnson moved into a new role as Head of Partnerships, and we then welcomed Thomas Waring as Head of Grants and Graeme Dawson as Grants Officer. 

We have enjoyed coming together as a new team, defining and nurturing our culture and working hard together for the benefit of our region’s communities. We have articulated our shared organisational values, and also refreshed our approach to staff wellbeing, developing a new policy framework and implementing some agreed practices. 

There were also changes to our trustee board during this period. Ali Pearson and Hannah Harris resigned after completing nine years of service, during which the Foundation benefitted immensely from their expertise. Three new trustees were recruited: Katherine Blaker, Katherine Gargan and Victoria Savile. They are already bringing to bear their expertise in community development, finance and operations, and organisational strategy and business development. 

Later in the year, Bec Horner was promoted to become our Communications and Partnerships Manager, and we appointed Esther Damary-George to work with her as Communications and Events Officer from May 2024. 


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## **Ins irin investment into North & East Yorkshire p g** 

2023/24 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 £2.2 million. We also refreshed our business development plan, with new ambitions and strategies for achieving our planned growth. . 

We were delighted to secure new endowment funds totalling over £597,000, as well as various new flowthrough funds from donors including Joseph Rowntree Foundation (JRF), North Yorkshire Council, the Rank Foundation and Insite Property. We also worked with Nidderdale Plus Community Hub to create the new multiyear Nidderdale Plus Community Fund to support groups working in this part of rural North Yorkshire. 

The JRF and North Yorkshire Council funding enabled us to continue our support for community organisations across the region that were tackling the Cost of Living Crisis over the winter. This was supplemented by additional generous support from the Bettys and Taylors Group, as well as many other private individuals. We are very grateful to them all for their support. 

We enjoyed working with the High Sheriff of North Yorkshire, Clare Granger, to organise a photography competition and showcase event at Allerton Castle in November 2023. We distributed £18,000 in prize money, which was allocated to six winning community groups, and ten highly commended entries. It was a fabulous opportunity for groups to raise the profile of their work, brought alive by the exhibition of their stunning photographs for an invited audience. 

Finally, our thanks also go to existing supporters who sustained their revenue funding throughout the year, including the Bettys and Taylors family, Bettys and Taylors Ltd, the Liz and Terry Bramall Foundation, The Dulverton Trust, Peter Sowerby Foundation, Joseph Rowntree Charitable Trust, the National Lottery Community Fund, 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. 


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## **Transformin communities throu h rant makin g g g g** 

As a Community Foundation, we are experts at delivering grant programmes that are designed with grassroots community organisations in mind. We pride ourselves on being an accessible, relational funder, with simple and proportionate application processes. Our grants team is always available at the end of the phone, or through our regular drop-in sessions, to answer questions and support applicants to make the best possible case for support. 

While our funding is focused on supporting small local groups, we also measure our contribution to globallyrecognised targets. The United Nations Sustainable Development Goals (SDGs) provide a useful framework for this, and we align our grant-making with four particular goals that encompass our priorities. In 2023-24, we allocated grants as follows: 

- Good health and wellbeing: 154, grants, £567,635, 25% of our grant-making 

- Reducing inequalities: 77 grants, £360,564, 15% of our grant-making 

- Creating sustainable, climate-resilient communities: 143 grants, £824,978, 36% of our grant-making 

- No poverty: 103 grants, £537,155, 24% of our grantmaking 

Within this, we were particularly proud to distribute a further £0.6m of grants to community organisations in Hull, through the Know Your Neighbourhood grant scheme - a partnership with the Department for Culture, Media and Sport and our national network, UK Community Foundations, with a further £0.6m to be distributed in 2024-25. The purpose of this multi-year scheme is to reduce chronic loneliness and social isolation, and promote volunteering. 

In York, we recruited a diverse panel of residents to decide on applications to our Cost of Living Crisis Fund, with particular attention to and support for people who brought direct experience of the issues that the Fund is addressing. We always learn from these experiences and recognise we have further learning to do. We were delighted to be able to commission a report drawing together insights from this work so far, and setting out a pathway to further strengthen this practice in future. 

Throughout the year, we also operated a full range of place-based funds, including THE LOCAL FUND (Harrogate and district), Heart of Yorkshire (Selby and district), North Yorkshire Coast Fund (Scarborough and district) and our windfarm funds at Knabs Ridge, Six Penny Wood, Fraisthorpe and Rusholme. These place-based funds were supplemented by our thematic programmes, including our small grants programme, Step Change programme, and other bespoke funds tackling particular themes across our region. 

We receive in excess of a thousand grant applications each year, and we would not be able to process this volume without the invaluable assistance of our volunteer assessors. We were grateful to be able to recruit a further six volunteers during the year, augmenting our pool to eighteen. These assessors add to our eyes and ears: they speak to applicants to understand the details of their work and funding requests, and they share their analysis and insight for the consideration of our community panels. They enrich the quality of our decision-making and we are very grateful for their time and expertise. 

Community grants panels play a crucial role in our grantmaking processes. We believe that local people bring important insight into the needs and opportunities in their communities, and are best placed to make decisions about how funds should be allocated. We continued to strengthen our participatory grant-making practice during the year. In Scarborough, we convened a panel comprised exclusively of children and young people to decide on awards from the Children and Young People’s Fund, and they challenged us to adapt our processes to make them more accessible and engaging for this age group. 


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## **Contributin to ositive chan e in our communities g p g** 

Our HEY Confident Futures leadership programme moved into the second year of its current cycle, thanks to ongoing funding from The National Lottery Community Fund. The programme supports and develops voluntary and cultural sector leaders through a bespoke programme, which works at the level of the individual, the organisation and the place. 

The programme continues to have a number of strands. Each year, our ‘New To Leadership’ cohort engages in an intensive 12-month programme of learning and development, with many participants describing it as ‘lifechanging’ for its impact not only for their professional role but also for their wider self-understanding. Alongside this cohort, the programme provides numerous other development opportunities, including coaching, management training, ‘lunch and learn’ sessions, and regular drop-ins sessions. It also facilitates a CEOs cohort and the Leadership Advocacy Network, a collective of Global Majority leaders. 

The programme also benefits from the oversight and input of a Steering Collective, drawn from former participants in the programme, who help to shape its strategic direction and ensure it remains responsive to the needs of the sector. 

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. A key example of this during 2023-24 included our work to establish the York Community Fund, in collaboration with City of York Council, York CVS, Joseph Rowntree Foundation and York Together. The York Community Fund also provides the governance structure for the York Hungry Minds initiative, launched in 2023 as a pilot initiative to increase access to free school meals for primary-school age children in the city. 

We also continued to play an active role in numerous networks across the region. 


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## **Plans for the future** 

## Ambitions for 2024/25 

With our new staff members and trustees settled in, we are excited by the opportunities to consolidate and expand our activities in the year ahead, for the benefit of the communities we support. 

## Placing people at the heart of everything we do 

We know that thriving, connected communities are equitable, diverse and inclusive. We also know that many people experience hardship, disadvantage, isolation and exclusion in the places where they live. We are therefore determined to put equity, diversity and inclusion at the heart of all our work as an organisation, as they are crucial to achieving our vision and purpose, and intrinsic to our organisational values. We will be refreshing our EDI policy in the coming year, and committing ourselves to a new accountability plan with clear priorities for action across all areas of our work. 

At Two Ridings, we are committed to behaving in ways that are transformative, compassionate, trustworthy, connected and generous. We will continue to nurture these values as core to our mission and purpose, and seek to practise them both internally and externally. As we prepare for our threeyearly quality accreditation process at the end of 2024, we will also ensure that our organisational policies and procedures reflect these values and remain relevant to the changing operational context. Alongside this, we will also work with UKCF to upgrade our Salesforce database, to ensure that our systems continue to keep pace with our growth and enable the effective administration of our funds and grant-making. 

We will also continue to invest in relationships with numerous partners across our region, whether they are donors, applicants, funded groups or other key stakeholders. We will work with the High Sheriffs of both North Yorkshire and the East Riding, and hope to co-host events with both. We also look forward to building relationships with the new Mayor of the York and North Yorkshire Combined Authority, as well as continuing to work closely with colleagues at the Councils. 

## Inspiring investment into North & East Yorkshire 

As ever, we remain ambitious to grow our endowment to enable sustainable long-term grant-making, as well as securing flow-through funds that achieve more immediate impact. 

We plan to work with partners to launch new place-based funds in both Hull and York, with the purpose of developing a compelling shared vision and practical mechanism for donors and supporters who want to come together and contribute to community action in both cities. These funds will complement our existing place-based funds in Harrogate, Selby and Scarborough. We also hope to launch new thematic funds across our region, with the support of both existing and new donors. 

We are keen to work more closely with local and regional businesses who want to give back to their communities, and will launch a corporate sponsorship programme to facilitate their participation. Working in partnership with Titan Wealth, we will also relaunch our Women In Business giving circle. 

We also know that the winter months will continue to be extremely challenging for many people and communities across our region, so we will encourage donors to contribute to our winter resilience appeal, to help ensure that community organisations remain able to help people stay fed and warm, and feel connected and supported. 

We know that our donors and supporters value being connected with the people and work that they support, and throughout the year, we will create opportunities for them to do that – building relationships, gaining insight, and understanding together the impact of their investment. 

. 


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## **Plans for the future** 

## Transforming communities through grant making 

We anticipate a busy year of grant-making, and the team will work hard to manage our various funds, support applicants to submit their proposals, and facilitate our grants panels to make informed and generous decisions. Alongside this, our strengthened Grants Committee will start work on a grant-making strategy, clarifying our aspirations, core principles and place in the wider funding ecosystem. 

We will continue to liaise with UK Community Foundations and with the Department of Culture, Media and Sport to deliver the final year of the substantial Know Your Neighbourhood Fund, including facilitating communities of practice to enable the sharing of learning between funded groups. 

We look forward to launching the first rounds of funding under the umbrellas of the Hull Community Fund and York Community Fund, in addition to our existing place-based funds. We will also continue to manage bespoke funds for the Dulverton Trust, Bettys and Taylors Family, Bettys and Taylors Ltd, the Williams Family, and our windfarm funds, as well as the ongoing Small Grants and Organisational Development (Step Change) funds. 

## Contributing to positive change in our communities 

Our HEY Confident Futures programme will continue to support participants in Hull and East Yorkshire at all stages of their leadership journey. We will recruit a fourth cohort for our New To Leadership programme, continue work with the CEOs cohort, deepen our support for the Leadership Advocacy Network, and deliver a range of high quality programme content. Following the success of our leadership conference in 2022, we will deliver Ignite! – a further leadership conference bringing together network participants and top-quality speakers and facilitators for an inspiring and energising day of shared learning. 

As the programme moves into its third year of the current phase of delivery and funding, we will also work with the Steering Collective and our trustees to map out plans for its future. 

We will also continue to explore opportunities for partnership and collaboration across our region, as an active member of key networks and a passionate advocate for extraordinary work of community organisations across North and East Yorkshire. 

We will also remain ready to respond to emergencies affecting communities across our region. 


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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. 

## 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. 

## 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. 

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. 


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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 regular review. Recruitment of new trustees is managed by the Governance Committee, and operates by open advertisement and dialogue with interested parties. The Governance Committee and Chief Executive shortlist and interview interested applicants, references are sought, and recommendations are made to the Board for approval. Once an appointment has been made, the newly elected trustee undergoes an induction programme. 

## 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. 

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 focused on board 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. 


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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: 

- Failure to attract new funds and grow in line with long term plans and development goals Loss of key staff, failure to manage the leadership transition effectively and workload exceeding capacity to deliver 

- Impact of IT failure, cyber incident or fraud Our activities and funds grow faster than our systems and structures 

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: 

- Employing staff with appropriate training, skills and experience where necessary. Completing an annual business plan, including long term strategic development plan, diversification of income sources and fundraising for core costs. To review insurance provision annually. 

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

- To establish and review policies and procedures regularly. 

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

## 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 2023 – 31st March 2024. The net movement in funds after investment gains and losses for the 12 month period was a net increase in funds of £1,187,612 (2023: £348,902 net decrease in funds). 

Total income for the 12 month period to 31st March 2024 was £3,087,657 compared with £2,911,769 for the previous year. This included £597,513 for establishing new endowment funds. During the period 477 grants were awarded across 29 programmes totalling £2,290,333 (2023: £2,156,307). 

The value of the Foundation’s total endowment increased to £9,373,948 at 31st March 2024 from £8,116,390 at 31st March 2023. 

Trustees therefore consider it prudent to maintain their policy of planning and budgeting for modest surpluses on unrestricted funds with the aim of maintaining reserve levels between 6-12 months running costs during this period. 

|**Summary of fund balances**|**Summary of fund balances**|
|---|---|
|**at 31st March 2024**||
|Unrestricted:|£366,925|
|Restricted:|£1,930,090|
|Endowment:|£9,373,948|
|Total funds at 31st March 2024|£11,670,963|



## 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. 

In 2022-23 trustees 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. During the financial year 2023-24 £11,986 was spent on these activities leaving a closing designated fund balance of £28,744. 

Based on the 2024-25 forecast the required level of general reserves would be at least £216,000. At 31st March 2024 the balance of available ‘free’ reserves, being the balance of unrestricted funds excluding fixed assets and designated funds is £333,994, which is equivalent to approximately 9 months running costs. Given the continued 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 continued uncertainty and risk to income streams for the next 2 years. 

## 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. During the coming year they are planning to review the investment policy to ensure the Foundation’s investment activities are closely aligned to the charity’s purpose mission and values whilst recognising that financial returns must be sustainable to enable grant making over the long term. 


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Financial Review
Equity Markets rose over the period driving positive
perfonTrance although retums from the fund'5 equities
portfolio lagged those of the wider equity market in part
due to a lower allocation of the main US technofogy stocks
that have dominated global market retum5 over the last
year.
The Trustees have passed a totsl retum resolution for
permanent endowments which took effect from 1st April
2018 - see note 16 for further detsil& When determinlng
the amount of unapplied totsl return to transfer to income
the tn15tees have considered the amount of income
required to maintsin the current level of 8rant making
activity and tTr￿ likefy needs of future beneficiaries. The
expendable endowment is a150 treated by TNstees as a
long term capital fund to provide income for current and
future grant making.
The CCLA Property Fund performed slightly above the
benchmark, providing a retum of-0.04% compared to
benchmark of-1.75%. Income distributions were be￿een
2.7 - 5.4% per annum.
In holdlng long term Investments the Trustees seek to
achieve the following objectives-
To grow the overall value of the investment in order to
attract new donor5 to develop the Fthilanthropic
objectives of the Foundation.
To maintsin the real capitsl value of the endowment
over the long tem) and achieve a stable and sustainable
return to fund grant making across our region and help
support the operational costs of the Foundation.
To invest in a medium risk portfolio consistent with the
approach to risk agreed by Trustees.
To optimi5e performance through investment in a
diversified portfolio with an ESG approach.
The performance of the Brown Shlpley portfollo was a
return of 1.8% compared to the benchmark of 3.8% for the
6 mnth period to September 23.
From October 23, wlth global equity markets performing
strongly in the second half of the year coinciding with the
transfer of the portfolio to Waverton and lead wlth good
stock selection, the part year performance of the Waverton
portfolio generated a return of 14.4% compared to the
benchmark of 12.5%.
During these times of exceptional volatility our Investment
Committee remains viwlant in monitoring performance but
as lon8 temi Investors we are also mindful of not being
reactive and remain committed to following our long term
investment objectives.
The main investment risk to the Foundation lies in the
combination of uncertain investment markets and volatility
in yield. The Foundation manage5 these investment risk5 by
retsining expert advi50r5 and operating an investment
pollcy that provides for a high degree of diversifitation of
holdings within investsment asset classe5 that are quoted on
recognised stock exchanges.
Investment Perforniance
Tnjstees are satisfied that both portfoli05 performed a5
well as could be expected based on thelr investment
approach during the period and compared to the
benchmarks.
Commitments
The year saw some changes in our Investment Managers. In
accordance with our Investment Manager review policy,
and following a fonnal tender process, trustees were
pleased tr) appoint Waverton as one of our Investment
Managers. tsking over from Brown Shipley In October
2023. CCLA continue to manage the other part of our
portfolio.
The trustees had made no commitments to fijture capital
purchases, nor given any guarantees, at the balante sheet
date.
Approved by the Board of Trustee5 on 18 November 2024
and signed on their behalf by-
Over the 12 month period the total retum of the CCLA
Charity Investment Fund was 12.2% compared to a retum
on the comparator benthmarf( of 16.7% and the peer group
comparison ARC Steady Growth Charity Index of 9.7%.
Richard Frith
Chair
Two Ridings
Page 18
Community Foundation

## **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: 

- select suitable accounting policies and then apply them consistently; 

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. 

- observe the methods and principles in the Charities SORP; 

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

- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements, and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. 


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Page  19 



**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 2024 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). 

In our opinion the financial statements: 

- give a true and fair view of the state of the charity's affairs as at 31st March 2024 and of its income and expenditure, for the period then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, and have been prepared in accordance with the requirements of the Charities Act 2011. 

## Basis for opinion 

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

## Conclusions relating to going concern 

In auditing the financial statements, we have concluded that the trustee’s use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue. 

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. 

## Other information 

The other information comprises the information included in the annual report, including the trustees’ report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. 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. 

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 course of 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 this gives rise to a material misstatement in the financial statements themselves.  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. 


Page 20 



## **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 (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion: 

- the information given in the trustees’ report is inconsistent in any material respect with the financial statements; or sufficient accounting records have not been kept; or the financial statements are not in agreement with the accounting records; or 

## Responsibilities of the trustees 

As explained more fully in the trustees’ responsibilities statement set out on page 19, 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. 

- we have not received all the information and explanations we require for our audit. 


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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 Section 144 Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. 

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

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: 

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

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

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

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

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

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

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: 

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

   - tested journal entries to identify unusual transactions; 

- 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; 

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

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

- investigated the rationale behind significant or unusual transactions; 


Page 22 



Independent Auditor's Report
In response to the risk of irregularitles and non%ompliance
with laws and regulations, we designed procedures vthich
Ir￿lUded, iKrt We￿ not limited to:
Use of our report
Thi5 report is made 501ely to the charity's trustees. as a
body, in accordance with section 144 of the ChaTWties Act
2011 and the regulations made under section 154 of that
ACL Our audit work has been undertaken so that we might
stste to the charity's tnJ5tee5 those vnatters we are
required to state to them in an auditor's ￿port and for no
other Purpose. To the fullest extent permitted by13w. we
do not accept or a$5ume responsibility to anyone other
than the charity and the charitys tr￿teeS as a body, for our
audit work. for this repor( or for the opinions we have
formed.
agreein8 financial ststement disclosures to urNlertyin8
supporting documentstion.
reading the minutes of meeting5 of those charged with
govemance; and
enquiring of management as to actual and potentrdl
litigation and claims-
There are inherent limitations in our audit procedvres
described al)ove. The mre removed that laws and
regulations are from financial transactions the less likely it
is that we would betome awa￿ of non-complianc
Auditing stsndards 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 corre5ponden¢e, if any.
4-& Q_ IL
Nigel Everard BA FCA
Senior Stat￿Ory Audttor
For arnl on behalf of
Material misstatements th* arise due to fraud can be
harder to detect than those that arise from error as they
may involve deliberate toncealment or collusion.
HUNTER GEE HOLROYD
Chartered Accountsnts and Statutw AudttOTS
Club Chambers
Museum Streot
York
YOI 7DN
A ftFrther descrtption of our respon5ibilitie5 for the audit of
the financial statements is loc*ed on the Financial
Reporting Council's website
at..
This description forms part of our aL￿ltOr'S reporL
Date:
Hunter Gee Holroyd is eligible for appointment as audltor
of the charity by virtue of its eli8ibility for appolntment as
auditor of a company under section 1212 of the Companies
Act 2006.
Two Ridings
Page 23
Community Foundation

## TWO RIDINGS COMMUNITY FOUNDATION 

Statement of Financial Activities for the year ended 31 March 2024 

|**Restricted**<br>_Notes_<br>**Funds**<br>**INCOME & ENDOWMENT FROM:**<br>**£**<br>Donations and Legacies<br>_2_<br>516,623<br>Charitable Activities<br>_4_<br>1,635,702<br>Other trading activities: Fundraising<br>21,907<br>Investments<br>_3_<br>224,034<br>Other Income<br>_3_<br>-<br>**TOTAL**<br>**2,398,266**<br>**EXPENDITURE ON:**<br>Raising Funds<br>_5_<br>9,490<br>Charitable Activities<br>Grant making<br>_5_<br>2,349,733<br>Community leadership & developmen<br>_5_<br>103,679<br>**TOTAL EXPENDITURE**<br>**2,462,902**<br>Net gains/(losses) on investments<br>36,038<br>**Net income/(expenditure)**<br>**(28,598)**<br>Transfers between funds<br>(90,594)<br>**Net movement in funds**<br>**(119,192)**<br>Total funds brought forward<br>2,049,282<br>**Total funds carried forward**<br>**1,930,090**|**Unrestricted**<br>**Funds**<br>**£**<br>22,213<br>-<br>69,665<br>-<br>**91,878**<br>86,510<br>184,759<br>40,397<br>**311,666**<br>**(219,788)**<br>269,034<br>**49,246**<br>317,679<br>**366,925**|**Endowment**<br>**£**<br>597,513<br>-<br>-<br>-<br>**597,513**<br>15,427<br>-<br>-<br>**15,427**<br>853,912<br>**1,435,998**<br>(178,440)<br>**1,257,558**<br>8,116,390<br>**9,373,948**|**Total Funds**<br>**2024**<br>**£**<br>1,136,349<br>1,635,702<br>21,907<br>293,699<br>-<br>**3,087,657**<br>111,427<br>2,534,492<br>144,076<br>**2,789,995**<br>889,950<br>**1,187,612**<br>-<br>**1,187,612**<br>10,483,351<br>**11,670,963**|**Total Funds**<br>**2023**<br>**£**<br>1,006,360<br>1,648,898<br>27,624<br>228,887<br>-|
|---|---|---|---|---|
|||||**2,911,769**<br>131,977<br>2,356,865<br>203,070|
|||||**2,691,912**<br>(568,759)|
|||||**(348,902)**<br>-|
|||||**(348,902)**<br>10,832,253|
|||||**10,483,351**|




Page 24 



TWO RIDINGS COMMUNrrY FOUNDATION
Total Funds
2024
Totsl Funds
2023
See Note
FLYED ASSETS
Tangible assets
Investments
io
li
4.187
9,718,478
4,518
8,467,826
CURRENT ASS￿5
Debtgrs and prepayn*ntS
12
145.803
326,641
Detx)sits & Cash
1055,418
1201,221
1.897,503
2.224,144
CREDITORS: knounts falling duè withln
one year
Creditors & Accrua15
252,923
213,137
NEfcuRRENT ASSETS
1,94&298
2,011.007
TOTAL ASSET5 LESS CURRENT LL4BILITIES
11,670,963
10,483.351
FUNDS
Permanent Endowment
EKpend3bte Endowment
Restrfcted funds
Unrestricted funds
15, 16
15
17
18
428,794
8.945,154
1.930,090
366.925
394,775
7,721.615
2.049,282
317.679
19
11.070.963
10,483,351
The accounts were approved by the twstee5 on 18 November 2024
RICHARD FRITH
CHAIR
ANDREW WILSON
TRUSTEE
Two Ridings
Page 25

## TWO RIDINGS COMMUNITY FOUNDATION 

## Statement of Cashflows 

## For the year ended 31 March 2024 

|_See Note_<br>**Cash flows from operating activities:**<br>**Net cash provided by (used in) operating activities**<br>22<br>**Cash flows from investing activities:**<br>Dividends, interest and rents from investments<br>Purchase of property, plant and equipment<br>Proceeds from sale of investments<br>Purchase of investments<br>(Increase)/decrease in cash investments<br>**Net cash provided by (used in) investing activities**<br>**Cash flows from financing activities**<br>Receipt of endowment<br>**Net cash provided by (used in) financing activities**<br>**Change in cash and cash equivalents in the period**<br>**Cash & cash equivalents at the beginning of the**<br>**reporting period:**<br>**Cash & cash equivalents at the end of the**<br>**reporting period:**<br>23|**2024**<br>**2023**<br>**£**<br>**£**<br>**(370,200)**<br>**(1,017,649)**<br>293,699<br>228,887<br>(2,395)<br>-<br>3,688,398<br>6,646<br>(3,878,646)<br>(68,358)<br>(170,454)<br>52,794<br>**(69,398)**<br>**219,969**<br>597,513<br>239,550<br>**597,513**<br>**239,550**<br>**157,915**<br>**(558,130)**<br>1,897,503<br>2,455,633<br>**2,055,418**<br>**1,897,503**|
|---|---|




Page 26 



## TWO RIDINGS COMMUNITY FOUNDATION 

Notes to the Accounts for the year ended 31 March 2024 

## **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, 2024-25, 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 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 27 



## TWO RIDINGS COMMUNITY FOUNDATION 

Notes to the Accounts for the year ended 31 March 2024 

## **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 28 



## TWO RIDINGS COMMUNITY FOUNDATION 

Notes to the Accounts for the year ended 31 March 2024 

## **2 DONATIONS & LEGACIES** 

|Donations (incl anon)<br>Appeals:<br>Cost of Living Appeal<br>Streetaid Appeals<br>York Hungry Minds<br>Scarborough Children & Young People<br>Lord Mayors Charity<br>Other Appeals<br>Other Donations<br>Legacies<br>Total Donations & Legacies 2024<br>Total Donations & Legacies 2023|**Restricted**<br>**Funds**<br>**£**<br>22,669<br>332,670<br>6,783<br>62,512<br>45,000<br>16,440<br>313<br>30,236<br>516,623<br>737,274|**Unrestricted**<br>**Funds**<br>**£**<br>22,213<br>-<br>-<br>-<br>-<br>-<br>-<br>22,213<br>29,536|**Endowment**<br>**Funds**<br>393,763<br>-<br>-<br>-<br>-<br>13,750<br>-<br>-<br>190,000<br>597,513<br>239,550|**Total Funds**<br>**2024**<br>**£**<br>438,645<br>332,670<br>6,783<br>62,512<br>58,750<br>16,440<br>313<br>190,000<br>1,106,113<br>1,006,360|**Total Funds**<br>**2023**<br>**£**<br>378,381<br>391,592<br>11,290<br>143,800<br>21,670<br>2,127<br>57,500<br>-|
|---|---|---|---|---|---|
||||||1,006,360|



## **3 INVESTMENT INCOME** 

|Interest on cash deposits<br>Investment income|**Total Funds**<br>**2024**<br>83,106<br>210,593<br>293,699|**Total Funds**<br>**2023**<br>25,913<br>202,974|
|---|---|---|
|||228,887|



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 29 



## TWO RIDINGS COMMUNITY FOUNDATION 

Notes to the Accounts for the year ended 31 March 2024 

## **4 INCOME FROM CHARITABLE ACTIVITIES** 

|**Grant making:**<br>Arts Council England<br>Bettys & Taylors Group<br>British Red Cross<br>DCMS - Know Your Neighbourhood<br>Fraisthorpe Community Benefit Fund<br>Hull City Council - Building Forward Together<br>Humber & N. Yorks Health & Care Partnership<br>Joseph Rowntree CT - Step Change<br>Knabs Ridge Community Benefit Fund<br>Lankelly Chase<br>Nidderdale Plus<br>Nimbuscare<br>PCC Ecclesiastical Parish of St Michael Le Belfrey<br>Peter Sowerby Foundation<br>Rusholme Wind Farm Community Benefit Fund<br>Selby District Council<br>Six Penny Wood Wind Farm Comm Benefit Fund<br>The Dulverton Trust<br>The Local Fund for the Harrogate District<br>Other small grant programmes<br>**Total**<br>**Community leadership & development**<br>The National Lottery Community Fund<br>Other<br>**Total**<br>**Total 2024**<br>**Total 2023**|**Restricted**<br>**Funds**<br>**£**<br>861<br>204,000<br>-<br>624,717<br>96,585<br>-<br>-<br>66,000<br>30,640<br>-<br>52,400<br>-<br>55,000<br>165,000<br>50,791<br>-<br>33,424<br>110,332<br>27,500<br>(556)<br>**1,516,694**<br>119,008<br>**119,008**<br>**1,635,702**<br>**1,648,898**|**Unrestricted**<br>**Funds**<br>**£**<br>-<br>**-**<br>-<br>-<br>**-**<br>**-**<br>**0**|**Total Funds**<br>**2024**<br>**£**<br>861<br>204,000<br>-<br>624,717<br>96,585<br>-<br>-<br>66,000<br>30,640<br>-<br>52,400<br>-<br>55,000<br>165,000<br>50,791<br>-<br>33,424<br>110,332<br>27,500<br>(556)<br>**1,516,694**<br>119,008<br>-<br>**119,008**<br>**1,635,702**<br>**1,648,898**|**Total Funds**<br>**2023**<br>**£**<br>(14,495)<br>340,900<br>55,000<br>159,977<br>81,974<br>100,000<br>25,000<br>66,000<br>29,137<br>55,833<br>66,239<br>55,000<br>165,000<br>45,880<br>134,750<br>30,655<br>110,332<br>33,000<br>37,221|
|---|---|---|---|---|
|||||**1,577,403**<br>54,641<br>16,854|
|||||**71,495**|
|||||**1,648,898**|



Page 30 



## TWO RIDINGS COMMUNITY FOUNDATION 

Notes to the Accounts for the year ended 31 March 2024 

## **5. EXPENDITURE** 

|**5. EXPENDITURE**||||||
|---|---|---|---|---|---|
||**Restricted**|**Unrestricted**|**Endowment**|**Total**|**Total**|
||**Funds**|**Funds**|**Funds**|**2024**|**2023**|
||**£**|**£**|**£**|**£**|**£**|
|**Raising Funds**||||||
|Investment management costs|657|-|15,427|16,084|28,025|
|Direct activities (see note 6)|5,000|61,534||66,534|72,466|
|Support costs (see note 6)|3,833|24,976||28,809|31,486|
|**Total Raising Funds**|9,490|86,510|15,427|111,427|131,977|
|**Grant making**||||||
|Grants payable (see note 7)|2,290,333|-|-|2,290,333|2,156,307|
|Grantmaking support costs (see note|59,400|184,759|-|244,159|200,558|
|Total|2,349,733|184,759|-|2,534,492|2,356,865|
|**Community Leadership & Development**||||||
|Direct activities|88,162|26,202|-|114,364|175,946|
|Support costs (see note 6)|15,517|14,195|-|29,712|27,124|
||103,679|40,397|-|144,076|203,070|



## **6.  ALLOCATION OF DIRECT ACTIVITIES AND SUPPORT COSTS** 

|||**Charitable**|**Activities**|||
|---|---|---|---|---|---|
|**Costs**|**Raising**|**Grant**|**Community**|**Total**|**Basis of allocation**|
||**Funds**|**Making**|**Leadership &**|||
||||**Development**|||
|Salaries - direct|59,002|-|63,752|122,754|Staff time spent|
|Salaries - grants, finance & admin|13,341|173,326|17,360|204,027|Staff time spent|
|Training & other staff costs|1,527|6,434|3,305|11,266|Specific|
|Consultants & third party fees|-|7,826|8,940|16,766|Specific|
|Community engagement|-|552|37,290|37,842|Specific|
|Fundraising, Marketing & Events|6,005|2,761|1,077|9,843|Specific|
|Office running costs|1,669|5,739|3,138|10,546|Staff time spent|
|IT & Digital development|7,752|28,650|1,726|38,128|Staff time spent|
|Premises|3,613|10,500|4,166|18,279|Staff time spent|
|Depreciation|470|1,615|641|2,726|Staff time spent|
|Trustees expenses & insurance|503|1,731|687|2,921|Staff time spent|
|Other governance & professional fees|1,461|5,025|1,994|8,480|Staff time spent|
|**Total 2024**|**95,343**|**244,159**|**144,076**|**483,578**||
|||||||
|**Total 2023**|**103,952**|**200,558**|**203,070**|**507,580**||



Page 31 



## TWO RIDINGS COMMUNITY FOUNDATION 

## Notes to the Accounts for the year ended 31 March 2024 

## **7 ANALYSIS OF GRANTS** 

Two Ridings use the United Nations Sustainable Development Goals (SDGs) to measure how we meet the needs of the communities in North and East Yorkshire that we support. SDGs are a call for action to end poverty and deprivation working hand in hand with strategies to improve health and education, reduce inequality and create economic growth, all whilst tackling the climate crisis to preserve our world. As a globally used measure, SDGs provide a simple and widely recognised way for people to understand the impact our support makes to local people and places. 

|The amount payable in the year comprises:<br>**Analysis of grants to individuals by SDG:**<br>Good Health and Wellbeing<br>No Poverty<br>Quality Education<br>Reduced Inequalities<br>Sustainable Cities and Communities<br>Zero Hunger<br>**Total Grants to Individuals**<br>**Analysis of grants to organisations by SDG:**<br>Climate Action / Affordable & Clean Energy<br>Decent Work and Economic Growth<br>Good Health and Wellbeing<br>No Poverty<br>Quality Education<br>Reduced Inequalities / Gender Equality<br>Sustainable Cities and Communities<br>Zero Hunger<br>**Total Grants to Organisations**<br>**Total Grants Payable**|**Number**<br>9<br>2<br>2<br>6<br>1<br>1<br>21<br>**Number**<br>1<br>5<br>145<br>45<br>7<br>71<br>127<br>55<br>456<br>477|**Total Funds**<br>**2024**<br>**£**<br>3,099<br>(129)<br>879<br>2,770<br>347<br>250<br>7,215<br>**Total Funds**<br>**2024**<br>**£**<br>1,589<br>125,620<br>564,537<br>236,886<br>13,800<br>357,794<br>682,743<br>300,148<br>2,283,117<br>2,290,333|**Total Funds**<br>**Number**<br>**2023**<br>**£**<br>1<br>200<br>44<br>16,495<br>-<br>-<br>-<br>-<br>69<br>89,041<br>-<br>-<br>114<br>105,736<br>**Total Funds**<br>**Number**<br>**2023**<br>**£**<br>17<br>49,232<br>2<br>44,100<br>144<br>528,489<br>121<br>356,192<br>8<br>32,150<br>75<br>423,052<br>140<br>575,106<br>11<br>42,250<br>518<br>2,050,571<br>632<br>2,156,307|
|---|---|---|---|



A list of grants awarded to organisations is detailed in Note 26 

Page 32 



## TWO RIDINGS COMMUNITY FOUNDATION 

Notes to the Accounts for the year ended 31 March 2024 

## **Reconciliation of grants payable:** 

|**Reconciliation of grants payable:**|||||
|---|---|---|---|---|
|Commitments at 1 April 2023<br>Commitments made in the period<br>Grants cancelled or recovered<br>Grants payable for the period<br>Grants paid during the period<br>Commitments at 31 March 2024<br>**8 GOVERNANCE COSTS**<br>Staff costs<br>Office & Premises<br>Trustees expenses incl. insurance<br>Accountants fees for Audit<br>Accountants fees for other services<br>Other professional fees|2,311,561<br>(21,228)|**2024**<br>£<br>145,885<br>2,290,333<br>(2,241,414)<br>194,804|2,183,083<br>(26,776)<br>**2024**<br>**£**<br>15,121<br>1,773<br>2,921<br>3,360<br>960<br>2,639<br>26,774|**2023**<br>£<br>697,743<br>2,156,307<br>(2,708,165)|
|||||145,885<br>**2023**<br>**£**<br>12,119<br>1,432<br>2,973<br>3,150<br>-<br>540|
|||||20,214|



Page 33 



## TWO RIDINGS COMMUNITY FOUNDATION 

## Notes to the Accounts for the year ended 31 March 2024 

## **9 STAFF COSTS** 

|Salaries<br>Social security costs (incl Employment Allowance)<br>Pension costs<br>Other benefits and allowances<br>Temporary staff/freelance<br>Average number of employees during the period was:<br>On a full time equivalent basis<br>Headcount|**2024**<br>**£**<br>290,189<br>21,513<br>14,449<br>130<br>500<br>326,781<br>8.1<br>11.3|**2023**<br>**£**<br>272,674<br>19,908<br>13,597<br>(7)<br>-|
|---|---|---|
|||306,172|
|||8.1|
|||11.1|



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 £189,614    (2023: £150,418). 

During the year 1 employee received remuneration between £60,000 - £70,000 (2023: None). 

Neither Trustees nor any person connected with them received any remuneration in either year. (2023: £Nil) Payments of £541 were made for expenses incurred by 3 trustees in relation to travel expenses, 1:1 meeting expenses and training incurred during the year. (2023: 1 trustee was reimbursed £558) 

## **10 TANGIBLE FIXED ASSETS** 

|**GIBLE FIXED ASSETS**||||
|---|---|---|---|
|**Cost**<br>At 1 April 2023<br>Additions during the period<br>Disposals during the period<br>As at  31 March 2024<br>**Depreciation**<br>At 1 April 2023<br>Charge for the period<br>Disposals during the period<br>As at  31 March 2024<br>**Net Book Value**<br>At  31 March 2024<br>At  31 March 2023|**Computer**<br>**Equipment**<br>18,134<br>2,395<br>(2,570)<br>17,959<br>14,766<br>2,295<br>(2,570)<br>14,491<br>3,468<br>3,368|**Office**<br>**Equipment**<br>2,690<br>-<br>-<br>2,690<br>1,540<br>431<br>-<br>1,971<br>719<br>1,150|**Total**<br>20,824<br>2,395<br>(2,570)|
||||20,649<br>16,306<br>2,726<br>(2,570)|
||||16,462|
||||4,187|
||||4,518|



Page 34 



## TWO RIDINGS COMMUNITY FOUNDATION 

Notes to the Accounts for the year ended 31 March 2024 

|**11 FIXED ASSET INVESTMENTS**<br>**Listed**<br>**Investments/CIS**<br>**£**<br>Market value at 1 April 2023<br>8,225,573<br>Increase/(decrease) in cash invested<br>Additions to investments<br>3,878,646<br>Proceeds of Disposals<br>(3,688,398)<br>Realised gain/(loss) in the year<br>3,108<br>Unrealised gain/(loss) in the year<br>886,842<br>Market value at 31 March 2024<br>9,305,771<br>Equities<br>Fixed Interest/Bonds<br>Alternatives<br>Collective Investment Schemes<br>Deposit and other cash balances|**Deposit &**<br>**Other cash**<br>**balances**<br>**£**<br>242,253<br>170,454<br>-<br>-<br>-<br>-<br>412,707|**Total**<br>**2024**<br>**£**<br>8,467,826<br>170,454<br>3,878,646<br>(3,688,398)<br>3,108<br>886,842<br>9,718,478<br>2,972,836<br>815,797<br>575,373<br>4,941,765<br>412,707<br>9,718,478|**2023**<br>**£**<br>9,027,667<br>(52,794)<br>68,358<br>(6,646)<br>(396)<br>(568,363)|
|---|---|---|---|
||||8,467,826<br>2,340,309<br>1,160,310<br>263,763<br>4,461,191<br>242,253|
||||8,467,826|



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** 

|**12 DEBTORS AND PREPAYMENTS**|||
|---|---|---|
|Gift Aid tax recoverable<br>Prepayments<br>Grant programme income owing<br>Legacies<br>Other debtors<br>**13 CREDITORS AND ACCRUALS**<br>Grants committed not yet paid *<br>Other creditors<br>Deferred income<br>Accruals|**2024**<br>**£**<br>11,339<br>1,755<br>28,089<br>40,000<br>64,620<br>145,803<br>**2024**<br>**£**<br>194,804<br>22,985<br>30,642<br>4,492<br>252,923|**2023**<br>**£**<br>4,357<br>2,268<br>273,779<br>-<br>46,237|
|||326,641<br>**2023**<br>**£**<br>145,885<br>24,416<br>29,456<br>13,380|
|||213,137|



* Grants committed includes £78,931 large grants relating to projects funded in staged payments (2023: £98,777) 

Page 35 



## TWO RIDINGS COMMUNITY FOUNDATION 

## Notes to the Accounts for the year ended 31 March 2024 

## **14 COMMITMENTS** 

## **Operating Lease Commitments** 

At 31 March 2024 the charity has annual commitments under non cancellable operating leases as follows: 

|||**2024**|**2023**|
|---|---|---|---|
|Expiring within|1 year|-|-|
|Expiring within|2-5 years|9,314|9,314|



## **15 ENDOWMENT FUNDS** 

|**Opening**<br>**Balances**<br>**£**<br>**Permanent Endowment**<br>LDJ Design & Display<br>8,481<br>North Yorkshire Community Fund<br>343,813<br>Postgate's Foundation<br>11,000<br>Red & White Fund<br>31,481<br>**Total**<br>394,775<br>**Expendable Endowment**<br>Alderman Jackson's Appeal Trust Fund<br>272,713<br>Community First Prime Opportunities Fun<br>23,353<br>Community First Whitby Fund<br>104,078<br>EG & MA Bousfield Fund<br>1,292,587<br>Ella's Fund<br>-<br>Gilberdyke Endowment Fund<br>19,208<br>GRE Richard Weare Fund<br>1,725,638<br>Hanson 5 Fund<br>27,492<br>Hanson Fund for Scarborough<br>38,277<br>Heart of Yorkshire<br>1,841,231<br>John & Carole Mortimer Endow Fund<br>23,001<br>Lyn & Trevor Shears Fund<br>44,930<br>Lyn & Trevor Shears Harrogate<br>97,798<br>Malarkey Fund<br>-<br>McInroy and Wood<br>21,630<br>North Yorkshire Pioneers Fund<br>113,031<br>North Yorks. Reward Endowment Fund<br>555,278<br>Paula James Fund<br>-<br>Presence Church<br>48,693<br>Rusholme Windfarm Endowment Fund<br>67,396|**Incoming**<br>**Resources**<br>**£**<br>-<br>-<br>-<br>4,800|**Gain/(Loss**<br>**on**<br>**Investment**<br>**£**<br>864<br>35,025<br>1,121<br>3,511<br>40,521<br>27,782<br>2,114<br>9,636<br>131,677<br>11,147<br>1,957<br>175,792<br>2,808<br>5,028<br>187,596<br>2,343<br>4,577<br>9,999<br>43,435<br>2,203<br>11,515<br>26,396<br>86<br>4,961<br>6,865|**)**<br>**Resources**<br>**s**<br>**Expended**<br>(16)<br>(637)<br>(20)<br>(63)<br>(736)<br>(506)<br>(2,396)<br>(117)<br>(36)<br>(3,199)<br>(58)<br>(84)<br>(3,414)<br>(43)<br>(83)<br>(205)<br>(867)<br>(40)<br>(210)<br>(499)<br>(86)<br>(90)<br>(125)|**Transfers**<br>(231)<br>(9,356)<br>(299)<br>(680)<br>(10,566)<br>(7,421)<br>-<br>-<br>(35,173)<br>58,750<br>(523)<br>(46,958)<br>5,335<br>5,915<br>(48,803)<br>(625)<br>(1,223)<br>18,204<br>250,000<br>(579)<br>(3,076)<br>(324,637)<br>-<br>(1,278)<br>(1,834)|**Closing**<br>**Balances**<br>**£**<br>9,098<br>368,845<br>11,802<br>39,049|
|---|---|---|---|---|---|
||4,800<br>-<br>-<br>60,213<br>-<br>58,750<br>-<br>-<br>7,500<br>6,250<br>-<br>-<br>-<br>20,000<br>250,000<br>-<br>-<br>-<br>190,000<br>-<br>-||||428,794<br>292,568<br>25,467<br>173,927<br>1,386,695<br>128,530<br>20,606<br>1,851,273<br>43,077<br>55,386<br>1,976,610<br>24,676<br>48,201<br>145,796<br>542,568<br>23,214<br>121,260<br>256,538<br>190,000<br>52,286<br>72,302|



Page36 



## TWO RIDINGS COMMUNITY FOUNDATION 

Notes to the Accounts for the year ended 31 March 2024 

|Terry's Fund<br>77,075<br>The Harry Bolland Fund<br>405,369<br>The Local Fund for the Harrogate District<br>94,942<br>The Moss Family Fund<br>84,808<br>The Scarborough Fund<br>-<br>The Whitby Fund<br>56,360<br>Walk in My Shoes<br>29,281<br>Williams Family Scarborough Fund<br>205,533<br>York Children & Young People's Fund<br>91,342<br>York Women & Girls Fund<br>144,357<br>Yorks. Coast for Borough of Scarborough<br>16,304<br>Yorkshire Forces Families & Vets. Support<br>171,823<br>Yorkshire Oaks<br>28,087<br>7,721,615<br>Total Endowment<br>8,116,390|-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-|7,896<br>41,295<br>9,654<br>8,639<br>3,830<br>5,742<br>2,986<br>21,057<br>9,305<br>14,706<br>-<br>17,503<br>2,861<br>813,391<br>853,912|(144)<br>(751)<br>(164)<br>(157)<br>(69)<br>(104)<br>(54)<br>(383)<br>(169)<br>(268)<br> <br>-<br>(318)<br>(52)<br>(14,691)<br>(15,427)|(1,006)<br>(11,030)<br>(23,018)<br>(2,308)<br>36,431<br>(1,534)<br>(642)<br>(2,683)<br>(2,486)<br>(3,928)<br>(16,304)<br>(4,676)<br>(764)<br>(167,874)<br>(178,440)|83,821<br>434,883<br>81,414<br>90,982<br>40,192<br>60,464<br>31,571<br>223,524<br>97,992<br>154,867<br>0<br>184,332<br>30,132|
|---|---|---|---|---|---|
||592,713<br>597,513||||8,945,154<br>9,373,948|



## **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. 

Page37 



## TWO RIDINGS COMMUNITY FOUNDATION 

## Notes to the Accounts for the year ended 31 March 2024 

## **Community First Whitby Fund** 

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

## **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. 

## **Ella's Fund** 

A fund to support charitable activities aimed at enhancing the wellbeing of children and young people in North Yorkshire. 

## **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. 

## **Malarkey Fund** 

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

## **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. 

Page38 



## TWO RIDINGS COMMUNITY FOUNDATION 

## Notes to the Accounts for the year ended 31 March 2024 

## **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. 

## **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. 

## **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. 

## **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 Scarborough Fund** 

A fund to benefit communities in the Scarborough area operating under the umbrella of the North Yorkshire Coast for Scarborugh Fund. 

## **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. 

Page39 



## TWO RIDINGS COMMUNITY FOUNDATION 

Notes to the Accounts for the year ended 31 March 2024 

## **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. 

Page40 



## TWO RIDINGS COMMUNITY FOUNDATION 

Notes to the Accounts for the year ended 31 March 2024 

## **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 £19,686 to distribution funds in the reporting period. 

|**At beginning of the reporting period**<br>Gift component of the permanent endowment<br>Indexed element of UTR<br>Unapplied total return available for distribution<br>**Total**<br>**Movements in the reporting period**<br>Gift of endowment funds<br>Investment return: dividends & interest<br>Gain/(loss) on investment<br>Investment management costs<br>Other transfers<br>Unapplied total return allocated to distribution funds<br>in the reporting period<br>**Net movement in reporting period**<br>**At end of reporting period**<br>Gift component of the permanent endowment<br>Indexed element of UTR<br>Unapplied total return available for distribution<br>**Total**|**Endowment **<br>**£**<br>244,032<br>-<br>-|**Unapplied**<br> **Total Return**<br>**(UTR)**<br>**£**<br>-<br>103,558<br>47,185<br>**150,743**<br>-<br>10,004<br>40,521<br>(736)<br>(884)<br>(19,686)<br>29,219<br>-<br>114,614<br>65,348<br>**179,962**|<br>**Total**<br>**Endowment**<br>**£**<br>244,032<br>103,558<br>47,185<br>**394,775**<br>4,800<br>10,004<br>40,521<br>(736)<br>(884)<br>(19,686)<br>34,019<br>248,832<br>114,614<br>65,348<br>**428,794**|
|---|---|---|---|
||**244,032**<br>4,800<br>-<br>-<br>-|||
||4,800<br>248,832<br>-<br>-|||
||**248,832**|||



Page41 



## TWO RIDINGS COMMUNITY FOUNDATION 

Notes to the Accounts for the year ended 31 March 2024 

## **17 RESTRICTED FUNDS** 


**----- Start of picture text -----**<br>
|||||||
|---|---|---|---|---|---|
|Opening|Incoming|Resources|Gains/(Losses)|Closing|
|Balances|Resources|Expended|Transfers|Balances|
|£|£|£|£|£|
|Foundation Development|5,502|20,530|(20,851)|-|5,181|
|Anna Maria Fund|105,652|-|(7,230)|-|98,422|
|Arts Council England Let's Create|-|861|-|(861)|-|
|Arqiva Bilsdale Mast|27,500|-|1,000|-|28,500|
|Arts for Change|742|275|(924)|(92)|1|
|Belfrey Small Grants Fund|6,946|55,000|(56,946)|(5,000)|-|
|Bettys Community Fund|49,721|79,000|(64,405)|(7,400)|56,916|
|Bettys & Taylors Family Fund|23,929|125,000|(124,120)|(12,500)|12,309|
|British Red Cross Ukraine Support Fund|38,225|-|(38,230)|5|-|
|BSA Ideas fund|5,915|-|(5,915)|-|-|
|Building Forward Together|103,000|-|(100,000)|(3,000)|-|
|Catalyst Fund|2,210|2,670|(1,006)|-|3,874|
|Coastal Road|25,000|-|-|-|25,000|
|Cost of Living Crisis Appeal funds|-|-|-|-|-|
|Cost of Living|75,536|40,278|(106,004)|(3,222)|6,588|
|Cost of Living East Riding|51,065|-|(47,065)|(4,000)|-|
|Cost of Living North Yorks|-|172,392|(157,392)|(15,000)|-|
|Cost of Living Scarborough|13,500|-|(11,500)|(2,000)|-|
|York Cost of Living|2,740|-|(1,050)|-|1,690|
|Disaster and Recovery Funds|-|-|-|-|-|
|Disaster and Recovery Fund|2,042|148|(1)|(7)|2,182|
|East Yorkshire Recovery Fund|13,608|-|(347)|-|13,261|
|North Yorkshire Flood Recovery Fund|64,385|-|-|-|64,385|
|Swaledale and Wensleydale Recovery|-|-|-|-|-|
|Tadcaster Business Flood Recovery|43,306|-|-|-|43,306|
|York Flood Appeal|358,003|8,407|(620)|28,980|394,770|
|TNL Community Fund Flood Support|17,683|-|-|-|17,683|
|Dulverton Trust Fund|13,383|110,332|(112,041)|(11,033)|641|
|Energy for Tomorrow|-|500|-|(500)|-|
|Fraisthorpe Windfarm|229,385|96,585|(8,420)|(7,452)|310,098|
|George Toplis|2,537|-|-|-|2,537|
|Grace's Fund|3,653|-|(3,653)|-|-|
|GVC|30,000|-|(30,000)|-|-|
|Harrogate Street Aid|6,361|5,590|(1,820)|(254)|9,877|
|HEY Confident Futures (Chapter 2)|10,870|119,008|(94,865)|-|35,013|
|High Sheriff of North Yorkshire Fund|13,660|7,124|(6,300)|(315)|14,169|
|High Sheriff of N Yorkshire Photography Competition|23,907|(23,907)|-|-|
|High Sheriff of East Yorkshire Fund|798|-|-|-|798|

**----- End of picture text -----**<br>


Page 42 



## TWO RIDINGS COMMUNITY FOUNDATION 

Notes to the Accounts for the year ended 31 March 2024 

|**17 **|**RESTRICTED FUNDS (continued)**|**Opening**|**Incoming**|**Resources**|**Gains/(Losses)**|**Closing**|
|---|---|---|---|---|---|---|
|||**Balances**|**Resources**|**Expended**|**Transfers**|**Balances**|
|||**£**|**£**|**£**|**£**|**£**|
||Humber & NY Health & Care Partnership||-|-|-||
||Springboard Programme|24,000|-|(4,440)|-|19,560|
||VCSE Leadership Programme|151|-|-|-|151|
||I Will|-|(1,056)|1,056|-|-|
||JPG Naylor Fund|1,045|-|-|-|1,045|
||JRCT Step Change Fund|24,004|66,000|(82,930)|(6,000)|1,074|
||JRF York Fund|-|120,000|(89,588)|(17,160)|13,252|
||Kickstarter Fund (formerly Insite Property fund)|8,000|10,000|(9,933)|-|8,067|
||Knabs Ridge Wind Farm Community Fund|34,749|30,640|(34,748)|(2,785)|27,856|
||Know Your Neighbourhood|-|624,716|(624,710)|-|6|
||Lankelly Chase Deciding Together Fund|12,473|-|(2,682)|-|9,791|
||Lord Mayor of York Fund (D Carr 22-23)|1,671|10,091|(10,216)|(1,141)|405|
||Lord Mayor of York Fund (C Cullwick 23-24)|-|6,350|(141)|-|6,209|
||Made By Sport|1,328|-|(1,328)|-|-|
||Nidderdale Plus Community Fund|-|52,400|(13,425)|(2,400)|36,575|
||Nimbuscare|30|-|-|-|30|
||Peter Sowerby Rural Support Fund|103,504|165,000|(158,698)|(15,000)|94,806|
||Reboot North Yorkshire|146|-|-|(146)|-|
||Richard Weare Fund|19,687|497|(2,037)|1,719|19,866|
||Rita Hunt Fund|6,250|-|-|-|6,250|
||Rusholme Windfarm Community Benefit Fund|86,319|52,485|(38,716)|(4,607)|95,481|
||Scarborough Children and Young People's Fund|25,456|45,000|(23,419)|(4,500)|42,537|
||Six Penny Wood Community Benefit Fund|14,462|33,424|(38,630)|(3,714)|5,542|
||Stokesley & Great Ayton Fund|-|5,000|-|-|5,000|
||Stubbs Family Fund|1,520|-|-|-|1,520|
||Surviving Winter|13,609|166|(11,420)|(17)|2,338|
||The Local Fund for the Harrogate District||||||
||Full Circle Fund|3,987|236|(3,987)|(12)|224|
||TLF for the Harrogate District|2,481|2,963|(3,357)|(221)|1,866|
||TLF Harrogate District Lottery|2,200|27,500|(26,350)|(2,750)|600|
||Harrogate Borough Council Small Grants|-|-|-|-|-|
||Two Ridings Small Grants|5,925|-|-|(5)|5,920|
||Williams Family fund|9,692|-|-|-|9,692|
||Women in Business|13,544|500|(12,212)|(1,404)|428|
||Wrigley Fund|24,800|-|(20,502)|(2,000)|2,298|
||York Hungry Minds|-|62,513|(153)|(3,751)|58,609|
||York Street Aid|6,230|1,193|(3,210)|-|4,213|
||York Street Aid Development|4,239|-|(560)|-|3,679|



Page 43 



## TWO RIDINGS COMMUNITY FOUNDATION 

Notes to the Accounts for the year ended 31 March 2024 

|**17 RESTRICTED FUNDS (continued)**<br>**Opening**<br>**Balances**<br>Endowment Distribution Funds<br>**£**<br>Alderman Jackson's Appeal Trust Fund<br>25,889<br>Community First Whitby Fund<br>6,157<br>Community First Prime Opportunities<br>8,367<br>E & M Bousfield Fund<br>3,607<br>Ella's Fund<br>-<br>Gilberdyke Fund<br>1,056<br>GRE Richard Weare<br>28,053<br>Hanson 5<br>848<br>Hanson Fund for Scarborough<br>200<br>Harry Bolland Fund<br>937<br>Heart of Yorkshire<br>80,118<br>John and Carole Mortimer fund<br>367<br>LDJ Design & Display<br>490<br>Lyn and Trevor Shears Fund<br>2,617<br>Lyn and Trevor Shears Harrogate<br>378<br>Malarkey Fund<br>-<br>McInroy and Wood<br>535<br>Moss Family Fund<br>4,235<br>North Yorkshire Community Fund<br>5,917<br>North Yorkshire Pioneers<br>4,886<br>North Yorkshire Reward Fund<br>1,417<br>Paula James Fund<br>-<br>Postgate's Foundation<br>3,905<br>Presence Church<br>365<br>Red and White Fund<br>1,050<br>Scarborough Fund<br>-<br>Terry's Fund<br>2,282<br>The Local Fund for Harrogate<br>2,014<br>Walk in My Shoes<br>1,804<br>Whitby Fund<br>2,300<br>Williams Family Scarborough Fund<br>879<br>York Children & Young People's Fund<br>4,427<br>Yorks Coast for the Borough of Scarboroug<br>28,164<br>Yorkshire Oaks<br>1,261<br>York Women and Girls<br>11,314<br>Yorkshire Forces Families & Veterans Supp<br>15,085<br>2,049,282|**Incoming**<br><br>**Resources**<br><br>**£**<br>6,855<br>5,037<br>717<br>32,492<br>2,204<br>483<br>43,378<br>774<br>1,192<br>10,190<br>46,292<br>578<br>213<br>1,129<br>2,740<br>11,701<br>544<br>2,132<br>8,643<br>2,841<br>6,433<br>1,042<br>277<br>1,224<br>2,072<br>947<br>1,951<br>2,246<br>737<br>1,417<br>5,203<br>2,296<br>407<br>706<br>3,629<br>4,319<br>2,398,266<br>(2|**Resources**<br>**Expended**<br>**£**<br>-<br>(5,330)<br>(1,000)<br>(45,668)<br>-<br>(750)<br>(59,515)<br>-<br>-<br>(13,660)<br>(47,096)<br>(1,000)<br>-<br>(4,000)<br>(2,000)<br>-<br>(1,000)<br>(2,980)<br>(7,920)<br>-<br>-<br>-<br>-<br>(1,000)<br>(1,500)<br>-<br>-<br>(4,740)<br>-<br>(1,950)<br>-<br>(4,995)<br>(14,850)<br>(2,000)<br>-<br>-<br>,462,902)|**Gains/(Losses)**<br>**Transfers**<br>**£**<br>2,612<br>(504)<br>(72)<br>19,013<br>(1,444)<br>135<br>18,205<br>56<br>(593)<br>3,882<br>18,301<br>161<br>59<br>315<br>(330)<br>(7,409)<br>143<br>595<br>3,043<br>1,082<br>(4,110)<br>(625)<br>77<br>294<br>(12)<br>411<br>(561)<br>1,421<br>50<br>684<br>(1,214)<br>640<br>(2,541)<br>197<br>1,382<br>1,646<br>(54,556)|**Closing**<br>**Balances**<br>**£**<br>35,356<br>5,360<br>8,012<br>9,444<br>760<br>924<br>30,121<br>1,678<br>799<br>1,349<br>97,615<br>106<br>762<br>61<br>788<br>4,292<br>222<br>3,982<br>9,683<br>8,809<br>3,740<br>417<br>4,259<br>883<br>1,610<br>1,358<br>3,672<br>941<br>2,591<br>2,451<br>4,868<br>2,368<br>11,180<br>164<br>16,325<br>21,050|
|---|---|---|---|---|
|||||1,930,090|



## **Gains/Fund Transfers** 

## **Transfer from endowment** 

£178,440 transfers from endowment funds for furtherance of charitable objectives 

## **Transfer to Unrestricted funds** 

£269,034 transfer to unrestricted funds relates to the contribution to fund management and administration costs as agreed with the donor. 

## **Investment gains/(loss)** 

£36,038 investment gains relating to long term funds held in the Foundation's investment portfolio. 

Page 44 



## TWO RIDINGS COMMUNITY FOUNDATION 

Notes to the Accounts for the year ended 31 March 2024 

## **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. 

## **Cost of Living Crisis Appeal funds** 

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

Page 45 



## TWO RIDINGS COMMUNITY FOUNDATION 

## Notes to the Accounts for the year ended 31 March 2024 

## **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. 

## **Dulverton Trust Fund** 

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

## **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.. 

## **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  - 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 military. 

## **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. 

Page 46 



## TWO RIDINGS COMMUNITY FOUNDATION 

Notes to the Accounts for the year ended 31 March 2024 

## **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. 

## **JRF York Fund** 

A fund to support the activity of community and voluntary organisations in York, supporting vulnerable and marginalised people and groups. 

## **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 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. 

## **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. 

## **Nidderdale Plus Fund** 

A fund to support community inspired projects that promote wellbeing, foster independence, cultivate a sense of belonging and support community energy needs in the rural area of Nidderdale. 

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

## **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. 

Page 47 



## TWO RIDINGS COMMUNITY FOUNDATION 

Notes to the Accounts for the year ended 31 March 2024 

## **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 

## **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 

## **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 Hungry Minds** 

An appeal to support a pilot scheme providing free breakfast and lunches to pupils at 2 primary schools in York to support improved education outcomes, health and wellbeing. 

## **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. 

## **Endowment Distribution Funds** 

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

Page 48 



## TWO RIDINGS COMMUNITY FOUNDATION 

Notes to the Accounts for the year ended 31 March 2024 

## **18 UNRESTRICTED FUNDS** 

|**STRICTED FUNDS**||||||
|---|---|---|---|---|---|
|General Fund<br>Designated fund: Digital Development|**Opening**<br>**Balances**<br>**£**<br>276,949<br>40,730<br>317,679|**Incoming**<br><br>**Resources**<br>**£**<br>91,878<br>-<br>91,878|**Resources**<br>**Expended**<br>**£**<br>(299,680)<br>(11,986)<br>(311,666)|**Transfers**<br>**£**<br>269,034<br>-<br>269,034|**Closing**<br>**Balances**<br>**£**<br>338,181<br>28,744<br>-|
||||||366,925|



## **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<br>Investments<br>Current Assets<br>Current Liabilities<br>**2024 Total**<br>**2023 Total**|**Restricted**<br>**Funds**<br>**£**<br>-<br>386,330<br>1,777,771<br>(234,011)<br>1,930,090<br>2,049,282|**Unrestricted**<br>**En**<br>**Funds**<br>**£**<br>4,187<br>-<br><br>381,650<br>(18,912)<br>366,925<br><br>317,679<br>|**dowment**<br>**Funds**<br>**£**<br>-<br>9,332,148<br>41,800<br>-<br>9,373,948<br>8,116,390|**Total Funds**<br>**2024**<br>**£**<br>4,187<br>9,718,478<br>2,201,221<br>(252,923)<br>11,670,963<br>10,483,351|**Total Funds**<br>**2023**<br>**£**<br>4,518<br>8,467,826<br>2,224,144<br>(213,137)|
|---|---|---|---|---|---|
||||||10,483,351|



Page 49 



## TWO RIDINGS COMMUNITY FOUNDATION 

Notes to the Accounts for the year ended 31 March 2024 

## **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 and 7 deferred members. 

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. The Growth Plan triennial valuation as of 30th September 2023 is in progress and the results have not yet been published at the date of signing these accounts. 

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 2023 the potential liabilty upon withdrawal in respect of the Series 3 Scheme was advised as being £3,134 (September 2022: £4,413) 

Page 50 



## TWO RIDINGS COMMUNITY FOUNDATION 

## Notes to the Accounts for the year ended 31 March 2024 

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

|Net (expenditure)/income for the period<br>Adjustments for:<br>Depreciation charges<br>Receipt of endowment<br>(Gains)/losses on investments<br>Dividends, interest and rents from investments<br>(Increase)/decrease in debtors<br>Increase/(decrease) in creditors<br>**Net cash provided by (used in) operating activities**<br>**23 ANALYSIS OF CASH & CASH EQUIVALENTS**<br>Cash in Hand<br>Deposits & Cash<br>**Total cash & cash equivalents**|**2024**<br>1,187,612<br>2,726<br>(597,513)<br>(889,950)<br>(293,699)<br>180,838<br>39,786<br>(370,200)<br>**2024**<br>6<br>2,055,412<br>2,055,418|**2023**<br>(348,902)<br>3,593<br>(239,550)<br>568,759<br>(228,887)<br>(240,699)<br>(531,963)<br>(1,017,649)<br>**Movement**<br>**in cash flow**<br>(44)<br>157,959<br>157,915|**2023**<br>50<br>1,897,453|
|---|---|---|---|
||||1,897,503|



## **24 RELATED PARTY TRANSACTIONS** 

The following related party transactions took place during the year and are permitted by the Charity's governing document and all appropriate procedures were observed. The grants awarded were made in accordance with the criteria of the relevant fund, and the respective party was not involved in the decision making process. 

Trustee, Gill Hughes, is a director of Rooted in Hull, who received 1 grant totalling £40,964 during the financial year, and a trustee of HU4 Community Network Hub who received 1 grant of £5,000  during the financial year. 

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. During the year University of Hull received a partnership grant of £5,988 for this project. Trustee, Gill Hughes, is employed by University of Hull and is a Development Co-ordinator for the Ideas Fund. All direct grants from the Ideas Fund were awarded by the British Science Association. 

Trustee, Peter Oluotch, is Chief Officer of Humber Community Advice Services (HCAS) who received 1 grant of £5,470 during the financial year.  HCAS also participated in the Leadership Advocacy Network and HEY Confident Futures Programme managed by Two Ridings Community Foundation during the financial year 2023-24. 

Page 51 



## TWO RIDINGS COMMUNITY FOUNDATION 

## Notes to the Accounts for the year ended 31 March 2024 

Trustee, Deborah Rosenberg, is Chair of the Board of Trustees for Sight Support Hull and East Yorkshire, who received 1 grant of £9,518 during the financial year. 

Trustee, Katherine Gargan, is a volunteer for Resurrected Bites, who received 2 grants totalling £15,000 during the financial year. 

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 £ 6,838 including gift aid during the period (2023: £7,411) 

## **25 FUNDS RECEIVED AS AGENT** 

During the year the charity received £66,310 as agent for Energy for Tomorrow (a programme operated by Centrica) in order to hold and distribute grants to a consortium of village halls that  was successfully awarded funding from Energy for Tomorrow. 

The Trustees of Two Ridings had no discretion regarding the use of these funds which were applied in accordance with the instructions of the funder and were fully distributed during the year. 

Consequently the receipt of the funds has not been recognised as income and nor is its distribution recognised as expenditure. 

Page 52 



## TWO RIDINGS COMMUNITY FOUNDATION 

Notes to the Accounts for the year ended 31 March 2024 

|**26 GRANTS AWARDED TO ORGANISATIONS**<br>**Climate Action / Affordable & Clean Energy**<br>Grants under £5,000<br>**Decent Work and Economic Growth**<br>Grants under £5,000<br>Giroscope Limited<br>Artizan International<br>Highfield Food Coop<br>Autism Plus<br>**Good Health and Wellbeing**<br>Grants under £5,000<br>The Hut York Ltd<br>Community Bees<br>Young People Count<br>Musical Connections<br>The Land Man UK CIC<br>Vulcan Boxing Club<br>City of Hull Sport and Community Group CIC<br>Hull FC Rugby Community Sports and Education Foundation<br>Harrogate Town AFC CIO<br>The Wellness Gateway CIC<br>Emerging Voices<br>York Down Syndrome Support Group<br>York Inspirational Kids<br>Sight Support Hull and East Yorkshire (Formally HERIB)<br>Selby District Peter Pan Nursery<br>MySight York<br>Next Steps - Mental Health Resource Centre<br>Neighbourhood Network<br>Rooted In Hull<br>Goodwin Development Trust<br>Age UK Hull and East Riding<br>**No Poverty**<br>Grants under £5,000<br>Peasholme Charity<br>The Green Team<br>Back to Ours Arts Limited<br>Gallows Close Centre Management Committee<br>Whitby, Scarborough & Ryedale Disability Action Group<br>Community Bees<br>Snape Institute<br>East Riding Hygiene Bank<br>Peasholme Charity|**£**<br>1,589<br>**1,589**<br>1,500<br>36,721<br>33,519<br>23,280<br>30,600<br>**125,620**<br>243,578<br>5,000<br>5,000<br>5,000<br>5,000<br>5,000<br>5,000<br>5,000<br>5,000<br>5,000<br>5,000<br>7,323<br>8,505<br>9,000<br>9,518<br>10,000<br>10,000<br>10,000<br>39,269<br>40,964<br>58,950<br>67,430<br>**564,537**<br>56,892<br>5,000<br>5,000<br>5,000<br>5,000<br>5,000<br>5,000<br>5,000<br>5,000<br>5,000|
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## TWO RIDINGS COMMUNITY FOUNDATION 

Notes to the Accounts for the year ended 31 March 2024 

|**No Poverty (continued)**<br>York In Recovery<br>Generate<br>Friends of St Nicholas Fields<br>Southern Holderness Resource Centre<br>Beverley Cherry Tree Community Centre<br>Welfare Benefits Unit<br>York Travellers Trust<br>Refugee Action York (RAY)<br>Beverley Cherry Tree Community Centre<br>Rhema Counselling & Recovery Services<br>The Place in Settle<br>Revival North Yorkshire CIC<br>Home-Start Craven<br>Flash Company Arts Ltd. CIC<br>The Clothing Bank<br>**Quality Education**<br>Grants under £5,000<br>**Reduced Inequalities / Gender Equality**<br>Grants under £5,000<br>The Island<br>York City Church<br>Big Futures Foundation<br>Ryedale & District Mencap<br>Community Furniture Store (Selby) Ltd<br>Sparks Project CIO<br>Colburn Hub and Cafe C.I.C.<br>Big Futures Foundation<br>Gallows Close Centre Management Committee<br>Youth Aspire Connect<br>Closer Communities<br>Community Furniture Store (Ryedale)<br>Out of Character<br>Humber Community Advice Services<br>Afghanistan and Central Asian Association<br>Toranj Tuition<br>OutKast Panda Crew C.I.C<br>Coterminous CIC<br>The Island<br>Kyra Women's Project<br>Yahala Mataam CIC|**£**<br>5,496<br>6,993<br>7,570<br>8,000<br>8,050<br>9,250<br>9,635<br>10,000<br>10,000<br>10,000<br>10,000<br>10,000<br>10,000<br>10,000<br>10,000<br>**236,886**<br>13,800<br>**13,800**<br>94,174<br>5,000<br>5,000<br>5,000<br>5,000<br>5,000<br>5,000<br>5,000<br>5,000<br>5,000<br>5,000<br>5,000<br>5,000<br>5,300<br>5,470<br>5,470<br>5,470<br>6,500<br>7,009<br>7,054<br>8,376<br>9,148|
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## TWO RIDINGS COMMUNITY FOUNDATION 

Notes to the Accounts for the year ended 31 March 2024 

|**Reduced Inequalities / Gender Equality (continued)**<br>New Beginnings Peer Support<br>Kyra Women's Project<br>Jenny Ruth Workshops Limited<br>Our Father's Heart<br>Living Potential Care Farming<br>Humber Job Hub CIC<br>Forum<br>**Sustainable Cities and Communities**<br>Grants under £5,000<br>The Friends of Alderman Kneeshaw<br>Supporting Older People CIO<br>1st Pannal Scout Group<br>Sleepsafe Selby<br>University of Hull<br>Haxby & Wigginton Youth & Community Association<br>Friends of Pelican Park<br>Airmyn Parish Council<br>Boroughbridge and District Community Care<br>Nidderdale Plus Partnership<br>Inclusive Music<br>St Mary's Church Hook<br>Settle Community and Business Hub CIC<br>Revival North Yorkshire CIC<br>Read School<br>St Peter and St Paul Church, Drax<br>Groundwork Yorkshire<br>Hull Community Church<br>City of Hull Sport and Community Group CIC<br>Hull Community and Voluntary Services<br>Forum<br>Hull & East Riding Citizens Advice Bureau<br>TimeBank Hull and East Riding<br>Hull Community and Voluntary Services<br>Humber All Nations Alliance<br>**Zero Hunger**<br>Grants under £5,000<br>Resurrected Bites CIC<br>Hambleton Foodshare<br>Edgehill Community Association<br>The Hull Vineyard<br>Hornsea Nursery School<br>Crutch<br>Claro Enterprises|**£**<br>9,936<br>9,973<br>10,000<br>10,000<br>10,000<br>24,753<br>69,161<br>**357,794**<br>176,244<br>5,000<br>5,000<br>5,000<br>5,000<br>5,988<br>6,627<br>7,000<br>8,000<br>8,580<br>8,723<br>9,546<br>9,980<br>10,000<br>10,000<br>10,000<br>13,360<br>14,551<br>15,920<br>34,736<br>40,740<br>47,500<br>47,586<br>50,162<br>52,500<br>75,000<br>**682,743**<br>54,476<br>5,000<br>5,000<br>5,000<br>5,000<br>5,000<br>5,000<br>5,000|
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## TWO RIDINGS COMMUNITY FOUNDATION 

Notes to the Accounts for the year ended 31 March 2024 

|**Zero Hunger (continued)**<br>Environmental & Management Solutions Limited<br>SELFA<br>Pelican Park Community Trust<br>Ryedale Community Foodbank<br>HEY Smile Foundation<br>The Green Team<br>Hull Community Church<br>Community Works<br>Colburn Hub and Cafe C.I.C.<br>HU4 Community Network Group<br>Emmanuel PCC (also known as Emmanuel Church - C of E)<br>HOPING York Street Kitchen<br>YourCafe<br>Middle Child Theatre<br>Raise the Roof<br>Next Steps - Mental Health Resource Centre<br>Young Men's Christian Association, Scarborough Branch<br>(Scarborough YMCA)<br>Our Father's Heart<br>Youth Aspire Connect<br>The Hull & East Yorkshire Community Counselling Service<br>The Hinge Centre Limited<br>The Rainbow Centre<br>Beverley Baptist Church<br>A White Knight IT C.I.C.<br>The Freedom Community Trust<br>Age UK North Craven<br>Settle Community and Business Hub CIC<br>Ingleton Rural Community Association<br>Resurrected Bites CIC<br>**TOTAL GRANTS AWARDED TO ORGANISATIONS**|**£**<br>5,000<br>5,000<br>5,000<br>5,000<br>5,000<br>5,000<br>5,000<br>5,000<br>5,000<br>5,000<br>5,000<br>5,000<br>5,000<br>5,000<br>5,000<br>8,000<br>8,640<br>9,409<br>9,757<br>9,866<br>10,000<br>10,000<br>10,000<br>10,000<br>10,000<br>10,000<br>10,000<br>10,000<br>10,000<br>**300,148**<br>**2,283,117**|
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