# Esmée Fairbairn Foundation Annual Report and Accounts 2020 Esmée Fairbairn Foundation Annual Report and Accounts 2020 2 - Esmée Fairbairn Foundation aims to improve our natural world, secure a fairer future and strengthen the bonds in communities in the UK. We do this by contributing all that we can to unlock change by people and organisations with brilliant ideas who share our goals. The Foundation is one of the largest independent funders in the UK. Last year we made grants of £53.5 million towards a wide range of work in support of our aims: Our Natural World, A Fairer Future and Creative, Confident Communities. We also have a £45 million allocation to social investment for organisations with the aim of creating social impact. Our funds are generated by our investment portfolio, from which we aim to achieve a total return of RPI +4% on a rolling five-year average. A Fairer Future Our Natural World Creative, Confident Communities Infrastucture and New Ideas A Fairer Future Funding in COVID Partnership Emergency Grants Creative, Confident Communities Social Investment TASK Fund Trustees’ Report Overview Our Natural World Accounts Home Esmée Fairbairn Foundation Annual Report and Accounts 2020 3 ## Contents ## **Overview** Chair’s Statement 4 Chief Executive’s Report 5 Funding Overview 7 Diversity, Equity and Inclusion 12 Climate Change 12 **Funding** Our Natural World 13 A Fairer Future 21 34 Creative, Confident Communities Infrastructure and New Ideas 40 Funding in Partnership 42 COVID Emergency Grants 44 Social Investment 54 TASK Fund 57 A Fairer Future ## **Trustees’ Report** |**Trustees’ Report**|| |---|---| |Objectives and Activities|61| |Achievements, Performance and Plans|| |for Future Periods|61| |Financial Review|62| |Structure, Governance|| |and Management|64| |Statement of Trustees’ Responsibilities|65| |Independent Auditor’s Report to the|| |Trustees of Esmée Fairbairn Foundation|66| |Statement of Financial Activities|69| |Balance Sheet|69| |Cash Flow Statement|70| |Notes to the Accountants|71| |Trustees, Senior Management Team,|| |Committees and Advisers|80| |Our History|81| Creative, Infrastucture and New Ideas Confident Communities Funding in Partnership COVID Emergency Grants Thank you for everything you have done for families since the start of this pandemic. It feels as though the needs of new mothers have been completely ignored by this Government and without Pregnant Then Screwed I would have continued to be completely isolated from friends and family as my mental health deteriorated. You’re a beacon of light in an otherwise horrendous year. **Message received via social media from a new mother** Pregnant Then Screwed (The Motherhood Plan) Social Investment TASK Fund Trustees’ Report Accounts Home Overview Our Natural World Esmée Fairbairn Foundation Annual Report and Accounts 2020 4 ## Chair’s Statement This annual report covers a period in which the contrasts between the dispiriting and the uplifting couldn’t have been more intense. On the one hand, the impact of the pandemic on all of us and with such negative consequences for some of the most disadvantaged in our communities and the organisations which seek to support them. On the other, a response by frontline workers and many others which has been exceptional. In that second category, I include philanthropic funders which have stepped in to help, as the Foundation did with its COVID emergency funding announced in April. I also observe the resilience of the people in so many of the organisations we fund. That also applies to our own small team at Esmée whose members have worked immensely hard in the most challenging circumstances. They are to be applauded. And I’m glad to say that their efforts were recognised in the New Year Honours List when Caroline Mason, our inspirational Chief Executive, received a Damehood. That Esmée team also includes the trustees, to whom I’m very grateful for their continuing commitment and enthusiasm, not least in the context of the launch of our new strategy, about which more is said later in this report. I also want to acknowledge their agreement to contribute significantly to the endowment of an undergraduate scholarship for under-represented groups to study at the Courtauld Institute, in memory of my predecessor, James Hughes-Hallett. As we move into 2021, I’m also very pleased to welcome two new members to the trustee board, Professor Claire Alexander and Dr Wanda Wyporska. They will bring vital new perspectives as we implement our strategy, including our commitment to Diversity, Equity and Inclusion. Infrastucture and New Ideas Funding in COVID Partnership Emergency Grants The year ahead promises to be no less demanding than its predecessor, even as we begin to see the removal of the restrictions which have hampered us over the last twelve months. As we continue the implementation of the new strategy, we shall continue to do all we can to respond flexibly to the needs of those who are engaged in delivering our impact goals. And we hope that we shall be permitted a modest smile in celebration of the Foundation’s 60th birthday in 2021. **Sir Jonathan Phillips** Chair Home Overview Our Natural World Creative, Confident Communities Social Investment TASK Fund Trustees’ Report A Fairer Future Accounts Esmée Fairbairn Foundation Annual Report and Accounts 2020 5 ## Chief Executive’s Report **If ever there was a year for funders of all kinds to step up, 2020 was it. Many independent funders, including Esmée, have increased spending and changed their ways of working – moving towards more open and trusting grant-making to make life easier for those we fund.** Despite its privileges, Esmée Fairbairn Foundation has had to make many changes and adjustments during this year, as well as trying to use our assets to respond to the COVID pandemic in the best way. My heartfelt thanks to the wonderful team and our excellent trustees; we have navigated this difficult year together with pragmatic compassion. We have all been inspired by the extraordinary organisations that we support and the wider charitable sector in continuing with their essential work against the odds. **We welcome this and want to ensure these principles continue beyond the pandemic.** During the year, we provided £36.1m[*] (2019: £35.8m) in grant funding to 212 (2019: 195) remarkable organisations in the UK. In addition to this, we provided a £16.1m emergency response to COVID which included giving top-up, unrestricted grants to 545 organisations in our portfolio. * Excludes Funding Plus and TASK grants. Home Overview Our Natural A Fairer Future World Creative, Infrastucture and New Ideas Confident Communities Our decision to allocate the money instead of asking organisations to apply meant that we could move quickly and effectively. Our endowment has performed well in a volatile and unpredictable year. The return on our overall investment portfolio was 12%, helped by our investments in venture funds and incorporating our increased commitment to enhanced environmental, social and governance (ESG) investments. We have begun to use our position as asset owners to be more engaged with those that manage our investments as part of our work on ESG. We launched our new strategy in October with three key aims: to improve our natural world, secure a fairer future and to strengthen the bonds in communities in the UK. Funding in COVID Partnership Emergency Grants Social Investment Our new website gives details of the transition of Esmée Fairbairn Foundation into a more purposeful and proactive funder that is prepared to use all its resources to unlock change to deliver against its aims. To keep our strategy fresh and relevant, we work with an external Advisory Panel for Our Natural World and our Involving Young People Collective. I am very grateful for the time, insights and honesty that both have provided during such challenging times. As part of our new strategy, we have worked hard to articulate our commitment to social justice and equity. Racial justice is a critical element in this, and we are committed to listening, learning and dedicating resources to addressing structural and systemic racism in the UK. TASK Fund Trustees’ Report Accounts Esmée Fairbairn Foundation Annual Report and Accounts 2020 6 ## Chief Executive’s Report _continued_ Equally central to our strategy is our continuing commitment to providing long-term, core, unrestricted funding. 65% of new funding agreed in 2020 was for core or unrestricted costs and 49% for three years or longer. We expanded the tools that we can use to deliver on our mission, as a commissioner, convener, broker and influencer. We also changed our social investment strategy to align with our three aims. Our Funding Plus support awarded £454k to over 90 organisations to help them increase their effectiveness and to adapt in response to COVID. We have supported, and want to continue encouraging, unusual alliances across our sectors to work together on solutions. As part of our Young People Leaving Care funding stream, we co-convened a cross-sector working group to address the lack of employment opportunities for care experienced young people, including tackling the issue of digital exclusion, which the pandemic has brought into sharp relief. We are also supporting a peer learning programme for local authorities to develop their practice in engaging local employers to support care leavers. We also joined with other funders to support the emergency response funds focused on specialist women’s organisations and on Black and minoritised-led organisations led by Rosa and Imkaan. Creative, Infrastucture and New Ideas Confident Communities A Fairer Future In Our Natural World, we are excited to work with Defra, the Environment Agency, the Rivers Trust and Triodos to pilot investment opportunities to improve our natural environment. And we are excited to be working with our partners at the Food, Farming and Countryside Commission (FFCC) to accelerate the transition to nature-friendly farming. It is likely that 2021 will, sadly, still be dominated by the pandemic, the aftermath of Brexit, climate change and the stark inequalities that have been laid bare. But 2020 has shown us the very best of people and communities and has reminded us of what we value: mutual aid, supportive relationships and access to our extraordinary natural world. COVID Emergency Grants Social Investment Funding in Partnership Our job in 2021 will be to do everything we can to build on this. We look forward to working alongside you. **Dame Caroline Mason CBE** Chief Executive TASK Fund Trustees’ Report Accounts Home Overview Our Natural World Esmée Fairbairn Foundation Annual Report and Accounts 2020 7 ## Funding Overview 2020 **During 2020, the Foundation spent £57.1m in funding towards a wide range of work. This included a £16.1m package of additional support to recognise the crisis caused by the global COVID pandemic.** Over the year, we supported work under both our former strategy (which focused on five sectors: Arts, Children and Young People, Environment, Food and Social Change); and our new strategic aims: to improve our natural world, secure a fairer future, and strengthen the bonds of communities in the UK. The majority of our funding in 2020 was distributed through grants and we also made a number of social investments. In this report, we reflect how our funding fits under our new strategic aims. **----- Start of picture text -----**
Total grant funding:
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£53.5m **Total number of grants made*:** 224 **Endowment total:** £1.2bn **Social investment (committed to):** £4m * Excludes COVID Emergency Response Grants, Funding Plus and TASK grants. Creative, Confident Communities Infrastucture and New Ideas Funding in Partnership COVID Emergency Grants Social Investment TASK Fund Home Overview Our Natural World Trustees’ Report A Fairer Future Accounts Esmée Fairbairn Foundation Annual Report and Accounts 2020 8 ## Funding Framework ## **Impact goals by 2030** **Under each of our main aims, we have set a number of long-term impact goals and priorities over the next five years.** Some of our funding supports work across more than one aim, impact goal and priority. We have chosen to reflect grants and social investments in line with the aim, impact goal and priority that is the closest fit. In some cases, a priority under a different aim may be the best fit. We also support key infrastructure organisations and new ideas that contribute to our impact goals across our aims by enabling a stronger, inclusive and innovative sector. Work that meets this description is reflected under Infrastructure and New Ideas. Infrastructure and New Ideas ## **Aims** ## Our Natural World is protected, restored, and improved ## A Fairer Future Creative, Confident Communities Creative, Confident Communities Infrastucture and New Ideas ## **Priorities in the first 5 years** Preserved and improved species health and habitats Peat Space for nature Freshwater Nature friendly farming Clean and healthy freshwater Sustainable and ethical food Fishing in tandem with nature Injustice and structural inequality is challenged and changed Acting early on the root causes of problems Children and young people’s rights Young people leaving care Tackling injustice Empowering young leaders A new inclusive generation of leaders and artists Removing barriers to creative careers Cultural education Communities working together for change Communities take an active role in decisions that affect them Community ownership and regeneration Creativity transforming lives Local economies work better for the people who live there Everyone can access the benefits of culture and creativity Culture restoring communities Funding in COVID Partnership Emergency Grants Social Investment TASK Fund Trustees’ Report Accounts Overview Our Natural A Fairer Future World Home Esmée Fairbairn Foundation Annual Report and Accounts 2020 9 **Grants Funding in partnership** We make unrestricted, core and We want to be at the forefront project grants for charitable work in of new approaches to funding – the UK. working in partnership with other funders and organisations to Grants are listed by our main aims increase our reach and make more on pages 13 to 41. of a difference. In 2020, we worked with a range of partners on funds that focus on particular parts of the **Social Investment** country as well as specific interest We provide social investment in the areas or to help tackle a specific issue. Grants are listed by our main aims on pages 13 to 41. **Social Investment** We provide social investment in the form of different types of repayable finance to charities and other social purpose organisations with the aim of creating social impact. Grants are listed on page 43. **TASK Fund** (Trustees’ Areas of Special Knowledge) Social investments are listed on page 55. **£880k** Total 2020 **114** – No. of grants Each Trustee has an annual TASK budget to be used for grants within the charitable purposes of the Foundation. Grants are listed on pages 58 to 59. |**Grants by aim***|**2020**||**Active portfolio**|**Active portfolio**| |---|---|---|---|---| ||Value|Number|Value|Number| |Our Natural World|**£12.8m**|**58**|**£43.7m**|**194**| |A Fairer Future|**£17.6m**|**115**|**£60.2m**|**350**| |Creative, Confdent Communities|**£4.6m**|**38**|**£25.1m**|**98**| |Infrastructure and New Ideas|**£1.1m**|**13**|**£2.9m**|**18**| |Arts|||**£9.8m**|**92**| |Children and Young People|||**£3.2m**|**24**| |Environment and Food|||**£3.3m**|**23**| |Social change|||**£18.3m**|**150**| |Total|**£36.1m**|**224**|**£166.5m**|**949**| |**Social Investments (committed)**|**by aim:**|||| |Our Natural World|**£2.3m**|**5**|**£8.0m**|**16**| |A Fairer Future|**£1.1m**|**3**|**£2.4m**|**7**| |Creative, Confdent Communities|**£183k**|**2**|**£6.7m**|**12**| |Infrastructure and New Ideas|**£100k**|**1**|**£525k**|**4**| |Environment and Food|||**670k**|**4**| |Social change|**£230k**|**1**|**£16.0m**|**36**| |Total||**12**|**£34.3m**|**79**| ## **COVID Emergency Grants** All grants awarded as part of our COVID Emergency Response were unrestricted. - Excludes COVID Emergency Response grants, Funding Plus and TASK grants. ** This includes four emergency COVID grants, which were made in addition to the round of Fast Response Grants to 545 organisations in our portfolio.. |Fast Response Grants**|**£13.8m**|**549**| |---|---|---| |Pooled funds|**£2.3m**|**6**| |Total|**£16.1m**|**555**| A list of grants awarded can be found on pages 45 to 53. Creative, Confident Communities Infrastucture and New Ideas Funding in COVID Partnership Emergency Grants Social Investment TASK Fund Home Overview Our Natural A Fairer Future World Trustees’ Report Accounts Esmée Fairbairn Foundation Annual Report and Accounts 2020 10 ## **Funding Plus** **£454k** Total 2020 **120** – No. of grants In 2020 we spent £454k through Funding Plus, supporting more than 90 organisations with training and consultancy to secure or increase the effect of our grants or social investments. Last year, our Funding Plus offer was adapted to better meet the changing needs and priorities of the sector as a result of COVID. Areas of support included: consultation on HR, legal issues and financial health, covering the costs of homeworking IT equipment, and resilience and crisis management coaching for sector leaders and staff. Several training workshops were successfully delivered online, including a digital safeguarding session (attracting 97 participants) and webinars on relationship-based practice for funded organisations working with children and young people. We invite grantees to use our meeting space in Kings Place as a free-of-charge support service. In a typical year this service will be used by over 200 organisations with c. 5,000 attendees. We had to suspend this offer in 2020 as we moved to remote working but we hope to re-start it in the future. ## **Tools** To achieve our aims, we use all our tools to unlock change. Like many funders, we use three main tools: grants, social investments and our endowment. However, we are developing a wider range of tools to help us play a more active role to achieve our impact goals. They include: - Research, evidence and evaluation - Convening, events and peer support - • Influencing and co-design - Data and digital - Environmental, Social and Governance Investment Strategy (ESG) In 2020, we approved £102k on Tools work including delivery of a digital product management training programme and contributing to a joint initiative between a range of funders to create a Diversity, Equity and Inclusion data standard. We also commissioned a piece of research to map and analyse, for the first time, the landowners who possess England’s peat soils, and hence our largest carbon sink. A Fairer Future Hubbub have been helping leading companies to increase their contribution to the fight against climate change and this [Greenprint] manifesto contains a series of thought-provoking ideas about how we can go further. **David Johnston MP** To learn about Hubbub’s Greenprint manifesto, visit: www.hubbub.org.uk/greenprint Creative, Confident Communities Infrastucture and New Ideas COVID Emergency Grants Funding in Partnership Social Investment TASK Fund Trustees’ Report Home Overview Our Natural World Accounts Esmée Fairbairn Foundation Annual Report and Accounts 2020 11 ## **Total applications** * ## **Type of support** * Core costs Unrestricted We introduced a new process **New process** for applying for our support at No. of ineligible applications: **8** the same time as launching our £13.8m new strategy in October 2020. No. of applications turned down: **244** Applicants are now asked to Grants awarded: **19** submit a short Expression of Interest before they can be £10.0m **Old process** invited to submit a full proposal. No. of ineligible applications: **68** No. of applications turned down: **575 Total applications received** Grants awarded: **205 Accountabilit** 1,119 **y** No. of staff at Esmée: **32 Grants awarded** Staff Cost: **£2.1m** 224 Total no. of grants currently active: **949** 55 91 grants grants Project costs Delegated funding £11.1 £1.2 71 7 grants grants ## **Grants by size 2020** * ## **£1,000,001+** ## **£200,001-£1,000,0000** ## **£60,001-£200,000** ## **£20,001-£60,000** ## **£20,000 or less** *excludes TASKs, Funding Plus and COVID Emergency Response Grants 2 grants 34 grants 111 grants 58 grants 19 grants Home Overview Our Natural A Fairer Future World Creative, Confident Communities Infrastucture and New Ideas Funding in COVID Social Investment TASK Fund Partnership Emergency Grants Trustees’ Report Accounts Esmée Fairbairn Foundation Annual Report and Accounts 2020 12 ## **Diversity, Equity and Inclusion** **We are committed to social justice, and to tackling injustice and inequality. We believe that understanding and making progress towards Diversity, Equity and Inclusion is critical to our mission. Over the last year, Trustees and staff have worked together to explore and agree our shared organisational values and set out a Diversity, Equity and Inclusion Plan, which we have started to implement. You can learn more about our progress on our website.** As part of this, we want to be transparent about how many organisations we support that are led by people from racialised communities*, or are D/deaf or disability-led. The figures shown here are based on organisations self-identifying as either: - ‘BME-led’ – meaning led by people from a Black, Asian or another minority ethnic background; and/or - D/deaf or disability-led To ensure that we use a standardised definition, we are currently working with others including 360Giving on a shared taxonomy and plan to do a full analysis of our portfolio when that is complete. www.esmeefairbairn.org.uk/aboutesmee/diversity-equity-and-inclusion You can learn more about what we’re doing on Diversity, Equity and Inclusion on our website. - We are using ‘racialised communities’ to acknowledge that Black and Asian people, and people from other minority ethnic communities (often termed “BAME”) are categorised by race like this, only because of the white-led systems within which they exist. “Racialised” doesn’t define people’s community or identity, but the phenomenon that is happening to them. We realise the term has its own challenges and we are working with partners including 360Giving on a shared taxonomy for funders, which will help to inform our language in future. **----- Start of picture text -----**
9% 4%
of the grants we of the grants
awarded in 2020 were we awarded in 2020
to organisations led were to D/deaf
by people from racialised or disability-led
communities, totalling organisations, totalling
£3.1m £1.1m
Total: 20 Total:10
A Fairer Future: 18 A Fairer Future: 9
Creative, Confident Communities: 2 Creative, Confident Communities: 1
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**Active Portfolio:** £11.6m **Active Portfolio:** £5.7m 8% (77 grants) - 5% (44 grants) There are currently no organisations in our Social Investment portfolio that are led by people from racialised communities or are D/deaf or disability-led. Creative, Confident Communities Infrastucture and New Ideas Funding in COVID Partnership Emergency Grants Social Investment TASK Fund ## **Climate Change** **In everything we do, we are committed to addressing the causes and impacts of Climate Change. With the launch of our new strategy, the proportion of our work focusing on nature and the climate will increase over time. We are also looking at how we can use all our tools, including our endowment as well as how we operate as an organisation, to work towards a post-carbon future.** As a founding signatory to the Funder Commitment on Climate Change, we have shared our learning and progress over the last year on our website. www.esmeefairbairn.org.uk/aboutesmee/climate-change/fundercommitment-climate-change-2020 Trustees’ Report Overview Our Natural A Fairer Future World Accounts Home Esmée Fairbairn Foundation Annual Report and Accounts 2020 13 ## Our Natural World **We want to ensure that our natural world is restored and protected, and that people benefit from that recovery.** Working with others, we will contribute to three key impact goals by 2030: - Preserved and improved species health and habitats - Sustainable and ethical food - Clean and healthy freshwater **----- Start of picture text -----**
Total number of grants:
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**Approved in 2020:** 58 £12.8m Creative, Infrastucture and New Ideas Confident Communities Funding in COVID Social Investment Partnership Emergency Grants TASK Fund Trustees’ Report Accounts Home Overview Our Natural World A Fairer Future Esmée Fairbairn Foundation Annual Report and Accounts 2020 **14** ## Our Natural World |Peat
Space for nature
Fishing in tandem with nature
A stronger, inclusive
and innovative sector
Freshwater
Nature friendly farming
Fishing in tandem with nature
Communities working together
for change
**Preserved and improved**
**species health and habitats**
**Sustainable and ethical food**
**Clean and healthy freshwater**
**Impact goal**
**Priority**
5
14
1
7
3
23
3
2
**£**
**No. of grants**
£1.6m
£300k
£401k
£8.1m
£532k
£208k
£1.2m
£568k|Peat
Space for nature
Fishing in tandem with nature
A stronger, inclusive
and innovative sector
Freshwater
Nature friendly farming
Fishing in tandem with nature
Communities working together
for change
**Preserved and improved**
**species health and habitats**
**Sustainable and ethical food**
**Clean and healthy freshwater**
**Impact goal**
**Priority**
5
14
1
7
3
23
3
2
**£**
**No. of grants**
£1.6m
£300k
£401k
£8.1m
£532k
£208k
£1.2m
£568k|Peat
Space for nature
Fishing in tandem with nature
A stronger, inclusive
and innovative sector
Freshwater
Nature friendly farming
Fishing in tandem with nature
Communities working together
for change
**Preserved and improved**
**species health and habitats**
**Sustainable and ethical food**
**Clean and healthy freshwater**
**Impact goal**
**Priority**
5
14
1
7
3
23
3
2
**£**
**No. of grants**
£1.6m
£300k
£401k
£8.1m
£532k
£208k
£1.2m
£568k| |---|---|---| |**Preserved and improved**
**species health and habitats**
**Sustainable and ethical food**
**Clean and healthy freshwater**
**Impact goal**|Peat|5
14
1
7
3
23
3
2
**No. of grants**| ||Space for nature|| ||Fishing in tandem with nature|| ||A stronger, inclusive
and innovative sector|| ||Freshwater|| ||Nature friendly farming|| ||Fishing in tandem with nature|| ||Communities working together
for change|| Home Overview Our Natural World A Fairer Future Creative, Infrastucture and New Ideas Confident Communities Funding in COVID Partnership Emergency Grants Social Investment TASK Fund Trustees’ Report Accounts Esmée Fairbairn Foundation Annual Report and Accounts 2020 **15** ## Our Natural World Preserved and improved species health and habitats ## Peat **Crichton Carbon Centre £60,000 (over 3 years)** Towards project costs to support ‘Peatland Connections’, aiming to connect rural communities and other stakeholders to enhance peatland management and land use policy across Scotland. ## **Cumbria Wildlife Trust** **£75,000 (over 1.5 years)** Towards core costs for the Cumbria Peatland Restoration project, developing, designing and delivering peatland restoration. **North Pennines AONB Partnership** **£142,500 (over 1.5 years)** Towards core costs for support of the North Pennines AONB Partnership’s peatland programme. **Peak District National Park Authority £67,001 (over 2 years)** Towards project costs for the investigation of new sources of revenue for restoring blanket bog in the South Pennines. ## **Scottish Wildlife Trust** **£223,750 (over 1.5 years)** Towards core costs for the IUCN Peatland Programme’s core costs as the umbrella organisation for the peatland movement in the UK. A Fairer Future Space for nature **Ancient Tree Forum (ATF) £60,000 (over 2 years)** Towards unrestricted core costs to locate and protect ancient trees, engaging people to connect with nature. **Ashden Sustainable Solutions Better Lives** **£250,000 (over 3 years)** Towards project costs to support an award recognising exemplary citizen engagement in climate issues and for work with the North of Tyne Combined Authority, demonstrating how climate policy can deliver better outcomes across the region. Creative, Infrastucture and New Ideas Confident Communities **Chartered Institute of Ecology and Environmental Management (CIEEM) £30,000 (over 6 months)** Towards project costs exploring how international approaches to addressing the social impacts of biodiversity net gain on people can be refined and adapted for the UK in the light of forthcoming planning policies. ## **Ecological Continuity Trust** **£45,000 (over 2 years)** Towards core costs to preserve and sustain vulnerable long-term ecological experiments and monitoring studies, and demonstrate their value in biodiversity recovery and on climate change impacts. COVID Emergency Grants Funding in Partnership ## **Foundation for Common Land** ## **£40,000 (over 2 years)** Towards unrestricted core costs supporting Foundation for Common Land as it delivers two major programmes demonstrating best practice in the governance of Commons and ensuring a supportive policy environment. ## **Institute of Welsh Affairs** ## **£15,000 (over 9 months)** Towards project costs for Our Land: support to scope and develop a project. Social Investment TASK Fund Trustees’ Report Accounts Home Overview Our Natural World Esmée Fairbairn Foundation Annual Report and Accounts 2020 **16** ## Our Natural World ## Preserved and improved species health and habitats _continued_ ## **The Wildlife Trusts** ## **Wildlife and Countryside Link** **Royal Society for the Protection of Birds (RSPB) Scotland** **£200,000 (over 3 years)** Towards core costs on offshore wind casework and policy to minimise harm to the marine environment. **£60,000 (over 1 year)** Towards project costs of four country cooperation in influencing an ambitious contribution from the UK to the forthcoming Convention on Biological Diversity. **£133,136 (over 4 years)** Towards project costs for delivering Species on the Edge, a sector response to secure nature recovery and involvement of people in nature conservation in Scotland. **The Woodmeadow Trust £163,500 (over 3 years)** ## **Woodland Trust** Towards unrestricted core costs for **£90,000 (over 1 year)** the creation of new woodmeadow, creating a landscape-scale network underpinned by continued management and research at Three Hagge Woods. Towards project costs of six commemorative groves across the four UK countries, as part of Esmée’s 60th Birthday Tree-Planting initiative. ## **The Bat Conservation Trust** **£199,000 (over 3 years)** Towards project costs developing, launching and running Nightwatch, a largescale nocturnal wildlife survey citizen science project. **Trees for Cities (TfC) £150,000 (over 2 years)** Towards project costs for six treeplanting projects in six towns/cities across the four UK countries, within the Forgotten Places programme (between April 2021 and March 2022) and as part of Esmée’s 60th Birthday tree-planting initiative. **The Langholm Initiative £123,000 (over 3 years)** Towards core costs to develop the first stage of implementation of a large scale nature recovery scheme which will create jobs and other opportunities for the local community to also benefit. Creative, Infrastucture and New Ideas Confident Communities A Fairer Future I had never considered how much time, effort and planning it would take to bring back an extinct butterfly. My eyes have been opened! **Chequered Skipper Talk,** RSPB Back from the Brink event COVID Emergency Grants Social Investment Funding in Partnership TASK Fund Trustees’ Report Accounts Home Overview Our Natural World Esmée Fairbairn Foundation Annual Report and Accounts 2020 **17** Our Natural World Preserved and improved species health and habitats _continued_ ## **ClientEarth** Fishing in tandem A stronger, with nature inclusive and innovative sector **£550,000 (over 2 years)** Towards core costs to support posts at the organisation working on environmentally focused legal work in the UK. **Doc Society £200,000 (over 2 years)** Towards core costs for work that includes training and mentoring for a cohort of climate storytelling made by and about communities currently disenfranchised from the climate debate. ## **Cumbria Wildlife Trust** **Action for Conservation £60,000 (over 2 years)** Towards core costs to deliver ‘Race for Nature’, a partnership initiative that uses the Government’s Kickstarter programme to place young people from Visible Minority Ethnic (VME) backgrounds into environment and sustainability organisations. **£300,000 (over 5 years)** Towards core costs to develop and expand the marine programme in the Irish Sea. **Institute for Public Policy Research (IPPR) £200,000 (over 21 months)** Towards project costs for the Environmental Justice Commission to enable engagement on climate change interventions from the public to assist policy-makers to deliver environmental and social change. **Association of Charitable Foundations £22,500 (over 1 year)** Towards project costs for management and administration of the Funder Commitment on Climate Change initiative. Creative, Infrastucture and New Ideas Confident Communities A Fairer Future ## **Scottish Environment LINK** **£120,000 (over 3 years)** Towards project costs supporting the establishment of an Environmental Rights Centre for Scotland. ## **ShareAction** **£10,000 (over 4 months)** Towards project costs for a scoping study to understand how to mobilise major investors to finance biodiversity conservation. Funding in Partnership ## Our Natural World Clean and healthy freshwater ## **Wyre Rivers Trust** Freshwater **£80,000 (over 2 years)** Towards unrestricted core costs to identify and develop projects in the Wyre Valley, delivering a range of outcomes including restoring nature and reducing flooding, securing a combination of grant and investment funding. **Environmental Finance** **£45,840 (over 1 year)** Towards project costs developing a replicable funding model for sustainable drainage (SuDS). ## **The Rivers Trust** **£275,000 (over 2 years)** Towards core costs to build capacity, consistency and collaboration within The Rivers Trust movement. Social Investment TASK Fund Trustees’ Report Accounts Home Overview Our Natural World COVID Emergency Grants Esmée Fairbairn Foundation Annual Report and Accounts 2020 **18** ## Our Natural World Sustainable and ethical food Nature friendly **Eating Better Food Ethics Council £198,000 (over 2 years) £150,000 (over 3 years)** Towards core costs for the Towards project costs for Livestock farming continuation and development Transition Dialogues, a three-year of the Eating Better campaign, initiative to develop strategies with which champions improved diets livestock farmers and other key and reduced dairy and meat stakeholders to transition to only consumption. the best business models for livestock **Bumblebee Conservation** in the UK. **Bumblebee Conservation Trust** **FFCC Ltd £60,000 (over 6 months)** Towards project costs for translating the IDDRI Ten Years for Agriculture methodology into a UK context to influence thinking at COP26 and beyond. **£120,000 (over 2 years)** Towards core costs for two new posts to enable the Trust to work more effectively. **Food Ethics Council £2,800 (over 3 months)** Towards project costs for online talks for the food sector to respond to COVID. **City University £291,363 (over 2 years)** Towards core costs and revenue support for Food Research Collaboration (FRC), enabling it to contribute to the development of a more coherent approach to solving the challenges of the UK food system. **Food Sense Wales FFCC Ltd £234,186 (over 3 years) £2,454,972 (over 3 years)** Towards unrestricted core costs Towards project costs for enabling revenue support for Food Sense the Commission on Food, Farming Wales, enabling it to mobilise the and the Countryside to take forward good food movement in Wales and the recommendations of its landmark to encourage the Welsh report ‘Our Future in the Land’. Government to adopt policies that stimulate sustainable food production and reduce diet-related ill health. Creative, Infrastucture and New Ideas Confident Communities A Fairer Future COVID Emergency Grants Social Investment Funding in Partnership Farming for Change raises challenging but important questions about the future of farming in the UK and addresses them head-on. Let’s make 2021 THE year for bold action for a just transition for UK food and farming. FFCC Ltd TASK Fund Trustees’ Report Accounts Home Overview Our Natural World Esmée Fairbairn Foundation Annual Report and Accounts 2020 **19** ## Our Natural World Sustainable and ethical food _continued_ ## **Global Feedback Ltd.** **£300,000 (over 3 years)** Towards unrestricted core costs to deliver an ambitious strategy to reduce waste in UK food production. ## **Green Future Associates CIC** **£199,000 (over 3 years)** Towards core costs for work that will catalyse the growth of nature friendly food growing and tree husbandry in urban/peri-urban areas through policy work, advocacy, business, land, planning and legal support, peer-mentoring, training and coordination. ## **National Farmers’ Union** **(NFU)** **£145,727(over 15 months)** Towards project costs for a farmerled approach to reducing pollution from agriculture in Poole Harbour. **Nature Friendly Farming Network (NFFN)** **£38,400 (over 1 year)** Towards core costs for additional support to enable farmer representation, input and influence at key meetings throughout the UK. **New Economics Foundation** **(NEF)** **£31,600 (over 1.5 years)** Towards project costs for the reimagining of publicly owned farmland (County Farms), demonstrating new farming and ownership models that can deliver a series of environmental and social goods. **Nourish Scotland** **£50,000 (over 16 months)** Towards project costs for work that will lead to a declaration by up to 500 global cities, ahead of and during COP26, to commit to a more sustainable food system. A Fairer Future **Nuffield Farming Scholarship Trust** **£18,050 (over 4 months)** Towards project costs for the development of a communications strategy that would allow the Trust to share widely its knowledge and examples of best practice in agriculture. ## **Pasture-Fed Livestock** **Association** **£250,000 (over 3 years)** Towards core costs to support the salary of a Regional Development Manager and the development of a wide network of Regional Facilitators, providing additional support to existing members whilst accelerating Pasture-Fed Livestock Association’s membership growth. Creative, Infrastucture and New Ideas Confident Communities ## **Real Farming Trust** - **£199,978 (over 2 years)** Towards core costs for core revenue funding to enable Real Farming Trust to expand its reach and influence across the UK, promoting and supporting agroecological, naturefriendly farming. ## **RSA** **£37,076 (over 1 month)** Towards project costs for work on Food, Farming and Countryside Commission. **RSPB (The Royal Society for the Protection of Birds) £170,386 (over 1.5 years)** Towards core costs supporting the work of a new coalition to catalyse civil society to reduce pesticiderelated harms. COVID Emergency Grants Funding in Partnership ## **Soil Association** ## **The Food Foundation** **£675,457 (over 30 months) £300,000 (over 3 years)** Towards core costs for the Soil Towards core costs for the Association while it attempts to Foundation, plus a £100,000 influence policy development in contribution to project work favour of agro-ecology and provides associated with young peoples support to farmers to transition to involvement with the National Food less damaging methods of production. Strategy for England. ## **Soil Association** **The Sustainable Soils Alliance Community Interest Company £187,400 (over 2 years)** Towards core costs in campaigning for the restoration of UK soils. - **£2,059,426 (over 4 years)** Towards project costs for the continuation and development of the Sustainable Food Cities programme, in partnership with Sustain and Food Matters, over a further four years. Social Investment TASK Fund Trustees’ Report Accounts Home Overview Our Natural World Esmée Fairbairn Foundation Annual Report and Accounts 2020 **20** ## Our Natural World Sustainable and ethical food _continued_ ## Fishing in tandem with nature **Project X £175,000 (over 2 years)** Towards project costs of of the knowledge exchange element of the Feed X project, which aims to stimulate the farmed-fish industry to adopt sustainable forms of fish feed. ## **Scottish Wildlife Trust** **£278,000 (over 42 months)** Towards core costs to ensure robust policies for Scotland on land use and fisheries as the country leaves the EU. ## **Seawilding** **£78,570 (over 3 years)** Towards core costs for community restoration of relic native oyster beds at Loch Caignish, Argyll and at other Scottish sea-lochs with the aims of habitat restoration, improving the marine ecosystem, and creating a self-sustaining population of native oysters that will enable a community fishery. A Fairer Future Communities working together for change ## **Alexandra Rose Charity** **£150,000 (over 2 years)** Towards core costs developing the Rose Vouchers project as a locally led model providing fresh fruit and vegetables to over 5,000 families experiencing food insecurity and building the evidence base for wider systemic change. ## **Made In Hackney** **£57,864 (over 2 years)** Towards project costs for a pilot national mentoring and influencing scheme to inspire public procurement and catering bodies to promote the uptake of healthy and sustainably produced food. Creative, Infrastucture and New Ideas Confident Communities Funding in Partnership Given the urgency of the climate and biodiversity crisis, we need to move to sustainable supply chains fast. We simply don‘t have the luxury of time. We have to scale up sustainable innovations much faster than we have in the past. We need approaches that work for innovators, large corporates and investors alike – and that bring measurable benefits for people and planet. Feed X and Project X promise just that. **Thomas Vellacott, CEO** WWF Switzerland COVID Emergency Grants Social Investment TASK Fund Trustees’ Report Accounts Home Overview Our Natural World Esmée Fairbairn Foundation Annual Report and Accounts 2020 **21** ## A Fairer Future **We want to contribute to a just and anti-racist society, where those who need it most have their rights protected, the opportunity to speak and be heard, and the freedom to express their creativity.** **Total number of grants: Approved in 2020:** 115 £17.6m We want to shine new light on areas of need and challenge the cultures, systems and behaviours that stand in the way of change. Key impact goals by 2030: - Injustice and structural inequality is challenged and changed - A new inclusive generation of leaders and artists Creative, Infrastucture and New Ideas Confident Communities COVID Emergency Grants Funding in Partnership Home Overview Our Natural World Social Investment TASK Fund Trustees’ Report A Fairer Future Accounts Esmée Fairbairn Foundation Annual Report and Accounts 2020 **22** ## A Fairer Future ## **Priority** ## **Impact goal** **Injustice and structural inequality is challenged and changed** **A new inclusive generation of leaders and artists** A Fairer Future ## **No. of grants** ## **£** Acting early on the root causes of problems Children and young people’s rights Young people leaving care Tackling injustice Empowering young leaders Removing barriers to creative careers Cultural education Culture restoring communities 18 £3.3m 5 £313k 15 £1.9m 35 £5.7m 11 £1.6m 26 £4.3m 4 £220k 1 £190k Note: Includes relevant partnership funds listed on page 43. Creative, Infrastucture and New Ideas Confident Communities Funding in COVID Partnership Emergency Grants Social Investment TASK Fund Trustees’ Report Accounts Home Overview Our Natural World Esmée Fairbairn Foundation Annual Report and Accounts 2020 **23** ## A Fairer Future Injustice and structural inequality is challenged and changed ## Acting early on the root causes of problems ## **Anna Freud Centre** **£200,000 (over 3 years)** Towards project costs for an organisation delivering training to increase the capacity of school leaders and staff in mainstream schools to identify and manage complex and challenging pupil behaviour, reducing the rate of pupil exclusions. ## **Best Beginnings** **£60,000 (over 1 year)** Towards project costs for the development of the Early Years Digital Partnership, creating national resources to support parents up to a child’s fifth birthday in order to address inequalities in children’s outcomes across the UK. ## **Chance UK** **£200,000 (over 3 years)** Towards unrestricted core costs to improve long-term outcomes for vulnerable children aged 5–13 through early preventative work to develop social and emotional skills, promoting good practice in reducing school exclusion and advocating for policy change. ## **Circles UK** **£180,000 (over 3 years)** Towards unrestricted core costs to improve community safety by using Circles of Support and Accountability interventions for sex offenders. **Communities Empowerment Network** **£130,000 (over 2 years)** Towards unrestricted core costs of an organisation that delivers advocacy and support to parents and carers of children at risk of exclusion in order to avoid permanent exclusions. A Fairer Future ## **Consortium of LGBT** **Voluntary and Community Organisations** **£120,000 (over 3 years)** Towards unrestricted core costs to support the LGBT+ sector and increase involvement of marginalised groups. **Coram Family and Childcare Ltd** **£100,000 (over 2 years)** Towards unrestricted core costs to support parents seeking better childcare and early education for children with special educational needs and disabilities. ## **Family Lives** **£193,088 (over 3 years)** Towards project costs for continued delivery and expansion of ParentChild+, an evidence-based programme that improves school readiness. Creative, Infrastucture and New Ideas Confident Communities ## **I CAN** ## **£150,000 (over 3 years)** Towards unrestricted core costs to support the early identification of children’s speech, language and communication needs. ## **IntoUniversity** **£500,000 (over 5 years)** Towards unrestricted core costs for an organisation working to tackle the social mobility crisis across the UK in the areas that need support the most, aiming to reach a further 11,000 more disadvantaged young people each year. ## **Oxford Youth Lab (operating** **as Right To Succeed)** ## **£200,000 (over 2 years)** Towards unrestricted core costs of an organisation delivering collective, place-based approaches to improve outcomes for children and young people in the most disadvantaged communities. COVID Emergency Grants Funding in Partnership ## **Parent-Infant Foundation** **(previously Parent Infant Partnership UK)** ## **£120,000 (over 3 years)** Towards unrestricted core costs to support an organisation aiming to increase the quantity and quality of parent-infant relationship support across the UK by increasing understanding of practice, data, local systems and policy change. ## **Roots of Empathy** ## **£195,000 (over 3 years)** Towards unrestricted core costs for the growth of an organisation that uses a preventative approach in disadvantaged areas to support the development of children’s social and emotional literacy. Social Investment TASK Fund ## **Safer London** **£198,000(over 3 years)** Towards core costs for an organisation working to further develop a best-practice approach to address and prevent boys’ and young men’s Harmful Sexual Behaviours by embedding effective interventions in local authority children’s services. **School-Home Support** **£180,000 (over 3 years)** Towards unrestricted core costs to provide child and family support, share best practice and enable schools to improve support to families in order to increase school attendance. Trustees’ Report Accounts Home Overview Our Natural World Esmée Fairbairn Foundation Annual Report and Accounts 2020 **24** ## A Fairer Future ## Injustice and structural inequality is challenged and changed _continued_ **The Centre for Youth Impact £20,000 (over 9 months)** Towards unrestricted core costs for a programme of support for the youth sector on delivering quality programmes and light-touch data collection during the COVID crisis. **The Key (Registered as Keyfund Federation Ltd) £195,000 (over 3 years)** Towards unrestricted core costs of an organisation that improves support and creates long-term change for disadvantaged young people in the North East, as it seeks to expand its reach to improve social mobility across the region. ## **The Sutton Trust** **£400,000 (over 2 years)** Towards project costs of a programme to address inequality in children’s early language and communication, supporting the evaluation and scale-up of two locally-led approaches which partner speech and language specialists with settings. A Fairer Future Our resilience and flexibility has been tested and we all feel proud of what we have achieved against the odds. The Sutton Trust Creative, Infrastucture and New Ideas Confident Communities Funding in Partnership COVID Emergency Grants Children and young people’s rights **Community Law Advice Network** ## **£20,000 (over 1 year)** Towards project costs of establishing the core group of UK Lawyers for Children Network. ## **North East Young Dads and Lads Project £120,000 (over 3 years)** Towards unrestricted core costs for work led by, and for young fathers, to challenge the stigma of being a young father, and to have a meaningful role within families and society and be included in statutory services. Social Investment TASK Fund **Safe and Sound Group £120,000 (over 3 years)** Towards unrestricted core costs to support young people in Derbyshire at risk of criminal and sexual exploitation. ## **SENAC** **£20,000 (over 1 year)** Towards unrestricted core costs for tribunal representation costs and accompanying strategic work. ## **The 4Front Project Ltd** **£33,250 (over 6 months)** Towards core costs for six months of a member-led youth organisation providing specialist support to empower young people harmed by violence and the criminal justice system to fight for their rights and create change in their own lives. Trustees’ Report Accounts Home Overview Our Natural World Esmée Fairbairn Foundation Annual Report and Accounts 2020 **25** ## A Fairer Future Injustice and structural inequality is challenged and changed _continued_ ## Young people leaving care ## **Become** ## **£195,000 (over 3 years)** Towards unrestricted core costs to change the care system for the better. ## **Blue Cabin CiC** ## **£19,000 (over 6 months)** Towards core costs for six months core funding whilst a full application is developed. ## **Break** **£44,852 (over 1 year)** Towards project costs to co-produce a toolkit with care experienced young people to support the scaling of the Staying Close Staying Connected project. **Carefree Fostering Independence Cornwall £250,000 (over 5 years)** Towards unrestricted core costs to support young people leaving care so that they can repair the effects of adverse childhood experience, transforming their own lives and those of others. **Catch 22 Charity Limited £4,750 (over 6 months)** Towards project costs for the Keep Care Leavers Connected campaign. **Children and Families Across Borders CFAB** **£135,000 (over 3 years)** Towards unrestricted core costs for an organisation working to facilitate change in government policy and social work practice to protect the rights of vulnerable children in care in the UK who have relatives abroad. **Curious Monkey £120,000 (over 3 years)** Towards core costs for Troupe, a theatre-based project providing opportunities for care experienced young people to gain life skills, create healthy relationships and use their lived experiences to influence change. ## **Greater Manchester** **Immigration Aid Unit £189,000 (over 3 years)** Towards unrestricted core costs to support separated migrant children in care and leaving care through legal case work and challenge to local and national government policy and practice. **Greater Manchester Youth Network (GMYN) £25,000 (over 6 months)** Towards unrestricted core costs whilst a full application is developed. Thank you for giving me the greatest opportunity to be part of the meeting last week. Curious Monkey A Fairer Future Creative, Confident Communities Infrastucture and New Ideas Funding in Partnership Social Investment TASK Fund Trustees’ Report Home Overview Our Natural World COVID Emergency Grants Accounts Esmée Fairbairn Foundation Annual Report and Accounts 2020 **26** ## A Fairer Future ## Injustice and structural inequality is challenged and changed _continued_ ## **Innovation Unit** ## **Who Cares? Scotland** **£325,000 (over 3 years) £20,000 (over 6 months)** Towards project costs to pilot Towards unrestricted core costs innovative approaches to improving for support to the care experienced outcomes for young people with community during the COVID crisis. care experience who have received a prison sentence. **Women & Theatre** ## **Women & Theatre** **(Birmingham) Ltd £159,517(over 26 months)** Towards project costs to support the creative development and delivery of a theatre production with care leavers. ## **The Robertson Trust** **£180,000 (over 3 years)** Towards project costs for the Each and Every Child Initiative, a collaborative project to transform the public narrative about children and young people in the care system in Scotland. ## **Who Cares? Scotland** **£195,000 (over 3 years)** Towards unrestricted core costs to support the organisation to deliver transformational change for care experienced young people. A Fairer Future ## Tackling injustice **Advocacy After Fatal Domestic Abuse (AAFDA) £165,000 (over 3 years)** Towards unrestricted core costs to improve responses to victims of domestic abuse by illuminating and learning from the past to make the future safer. **Anti Slavery International** **£180,000 (over 3 years)** Towards core costs of the AntiTrafficking Monitoring Group, which works to improve protection and assistance for trafficked people. Creative, Infrastucture and New Ideas Confident Communities **Barrow Cadbury Trust** **£20,000 (over 2 years)** Towards core costs of the Funders for Racial Equality Alliance secretariat. ## **Bawso** **£150,000 (over 3 years)** Towards unrestricted core costs to increase capacity to influence policy and practice relating to violence against women and girls from Black and minority ethnic communities, in Wales. ## **Beyond the Streets** **£150,000 (over 3 years)** Towards unrestricted core costs to enable Beyond the Streets to expand the delivery of the Beyond Support helpline, support its network and influence systemic change. ## **Campaign Bootcamp** **£200,000 (over 3 years)** Towards unrestricted core costs of an organisation that builds the skills and capacity of campaigners. COVID Emergency Grants Funding in Partnership **Centre for Women’s Justice** **£150,000 (over 3 years)** Towards unrestricted core costs for work to hold the state to account and challenge discrimination in the criminal justice system around violence towards women and girls. **Contact A Family** **£25,000 (over 6 months)** Towards unrestricted core costs for six months funding whilst a multi-year application is developed. ## **Disability Law Service** **£200,000 (over 4 years)** Towards unrestricted core costs to increase access to justice for disabled people experiencing discrimination. **Fair for You CIC** **£100,000 (over 2 years)** Towards project costs for providing first-loss coverage to support the provision of revolving credit for families reliant on free school meals. Social Investment TASK Fund **INQUEST Charitable Trust £40,000 (over 6 months)** Towards core costs for six months core funding whilst a full application is developed. **INQUEST Charitable Trust** **£450,000 (over 5 years)** Towards unrestricted core costs for casework, participation and influencing around deaths in custody and detention. ## **Kalayaan** **£150,000 (over 3 years)** Towards unrestricted core costs to provide direct support to vulnerable migrant domestic workers and to influence policy affecting them. **Latin American Women’s Rights Service £150,000 (over 3 years)** Towards unrestricted core costs to support vulnerable Latin American migrant women and wider influencing of policy and practice that impacts on all migrant women. Trustees’ Report Accounts Home Overview Our Natural World Esmée Fairbairn Foundation Annual Report and Accounts 2020 **27** ## A Fairer Future ## Injustice and structural inequality is challenged and changed _continued_ ## **Maternal Mental Health Alliance** ## **£150,000 (over 3 years)** Towards unrestricted core costs to continue to work towards earlier and more inclusive provision for women experiencing perinatal mental health problems. ## **Maternity Action** **£180,000 (over 3 years)** Towards unrestricted core costs to protect and strengthen the employment rights of low-income women. **Migrants’ Rights Network £120,000 (over 3 years)** Towards unrestricted core costs to support migrant groups, organisations, and local leaders to bring about positive change for migrants. ## **Muslim Women’s Network UK** **£140,828 (over 3 years)** Towards unrestricted core costs to support Muslim women and prevent discrimination against them. ## **On Road Limited** **£180,000 (over 3 years)** Towards unrestricted core costs to develop the organisation’s ‘Slow Communications’ approach and therefore support voluntary sector organisations to strategically influence more nuanced media coverage that is informed by those with lived experience who can use their stories to highlight problems in the system and catalyse more constructive conversations. **People First (Self Advocacy)** **£150,000 (over 3 years)** Towards unrestricted core costs to enable People First to further develop its policy and campaigning work and strengthen the organsation. **RefuAid-a restricted fund under the auspices of Prism the Gift Fund £55,000 (over 1 year)** Towards core costs for the salary of the Placement Lead to launch RefuAid’s new recruitment arm which will support long-term sustainability. A Fairer Future **Refugee Women Connect** **£157,500 (over 3 years)** Towards unrestricted core costs to help to build women’s leadership and advocacy within the refugee sector. ## **Release** **£250,000 (over 5 years)** Towards unrestricted core costs of an organisation seeking to address the harmful impacts of drugs and drug policy. ## **Respect** **£300,000 (over 4 years)** Towards unrestricted core costs to continue to maintain high standards in perpetrators work, test new approaches and influence government policy. Creative, Confident Communities Infrastucture and New Ideas The UK gave me a safe shelter when I left Syria after the war. As a doctor now in the A&E I will keep fighting this invisible enemy and I am sure we will beat it and make the UK safe again. **Dr Hamad, A&E Doctor from Syria** RefuAid COVID Emergency Grants Social Investment Funding in Partnership TASK Fund Trustees’ Report Accounts Home Overview Our Natural World Esmée Fairbairn Foundation Annual Report and Accounts 2020 **28** ## A Fairer Future ## Injustice and structural inequality is challenged and changed _continued_ **Southall Black Sisters** Seeing the first diaries you **£224,253 (over 3 years)** Towards core costs to support Black have published allowed and minoritised women, undertaking strategic advocacy and litigation to me to realise I’m very much not influence policy and practice and bring about lasting change. the only mother struggling at the moment. I shared it with friends **Surviving Economic Abuse £150,000 (over 3 years)** Towards unrestricted core costs to and it opened their eyes to my enable Surviving Economic Abuse point of view as well. So thanks to increase public understanding of economic abuse, equip professionals for letting me have this diary to respond effectively and ensure systemic barriers to economic safety as an outlet! are identified. The Fawcett Society **The Clore Social Leadership Programme £30,000 (over 6 months)** Towards project costs of the Leading Beyond Lockdown Programme to support leaders in recovery from COVID. Creative, Confident Communities Infrastucture and New Ideas A Fairer Future **The Fawcett Society £25,000 (over 6 months)** Towards core costs whilst a full application is developed. **The Jericho Foundation £25,000 (over 5 months)** Towards unrestricted core costs for interim funding to support an adaptation of services due to COVID. **The Jericho Foundation £198,401 (over 3 years)** Towards core costs to support survivors of trafficking and modern slavery. **The Motherhood Plan (better known as Pregnant Then Screwed) £129,000 (over 3 years)** Towards unrestricted core costs to enhance support programmes and run high impact campaigns to challenge discrimination experienced by pregnant and working mothers. COVID Emergency Grants Funding in Partnership We have analysed the impact of COVID on women and have produced robust analysis which shows why we need a care led recovery. **The Runnymede Trust £180,000 (over 3 years)** Towards unrestricted core costs to challenge racial inequality. **Women’s Budget Group £180,000 (over 3 years)** Towards core costs over three years to enable The Women’s Budget Group to continue to promote a more gender equal economy. Women’s Budget Group Social Investment TASK Fund Trustees’ Report Accounts Home Overview Our Natural World Esmée Fairbairn Foundation Annual Report and Accounts 2020 **29** ## A Fairer Future A new, inclusive generation of leaders and artists ## Empowering young leaders **Northern Ireland Youth Forum £150,000 (over 3 years)** Towards unrestricted core costs of a youth-led organisation that advocates for the rights of young people and supports them to affect positive change for themselves and their communities in Northern Ireland. ## **Peer Power Youth** **£184,000 (over 4 years)** Towards unrestricted core costs of an organisation working with the most under-supported children, teenagers and young adults in society to transform criminal justice and mental health services. ## **Platform** **£37,500 (over 6 months)** Towards unrestricted core costs whilst a full application is developed. **Portsmouth Abuse and Rape Crisis Service £119,409 (over 3 years)** Towards project costs for work to enable young women to lead work addressing sexual abuse and harassment. **RECLAIM Project £200,000 (over 3 years)** Towards unrestricted core costs to secure senior leadership time and energy needed to deliver co-discovery and influencing programmes with working-class young people. **Rural Media Charity £198,840 (over 3 years)** Towards unrestricted core costs for a Rural Youth Programme to boost social mobility, life skills and career opportunities for approximately 300 unheard rural young people. ## **The British Youth Council** **£150,000 (over 3 years)** Towards core costs associated with resources and training development, enabling young people to become leaders, delivering social change on a local and national level. A Fairer Future ## **URPotential** **£27,500 (over 6 months)** Towards core costs ensuring young people are consulted, involved in codesign/co-production, develop skills, increase confidence/self-esteem, are able to influence the development of new/existing services and participate in the democratic process. ## **We Belong** **£126,000 (over 3 years)** Towards unrestricted core costs of an organisation that engages young migrants in systemic change around immigration policy, supporting them with the tools to become change agents. ## **Young Scot** **£150,000 (over 3 years)** Towards unrestricted core costs to support young people, particularly those who are seldom heard, to participate more effectively in society, helping shape services and systems that create positive change in Scottish communities. Creative, Confident Communities Infrastucture and New Ideas Working on Point Of View and Rural Media has allowed me to broaden my knowledge of the variety of opportunities across Herefordshire, that possibly aren’t spoken about or shared enough. I have learnt a great deal about the varying challenges and life experiences that other young people are having; some in education, some working, some not, some parents, activists and entrepreneurs. It’s fascinating. **Esther Pandeli, young photographer** Rural Media Charity Funding in COVID Partnership Emergency Grants Social Investment TASK Fund Trustees’ Report Accounts Home Overview Our Natural World Esmée Fairbairn Foundation Annual Report and Accounts 2020 **30** ## A Fairer Future A new, inclusive generation of leaders and artists _continued_ ## **Clore Leadership** Removing barriers **£240,000 (over 3 years)** to creative Towards project costs for developing the leadership potential of early careers career cultural professionals, particularly those who share protected characteristics of race, disability and gender, to ensure the **Alternative Theatre** arts sector fully represents and **Company** respond. ## **Alternative Theatre Company £120,000 (over 2 years)** Towards unrestricted core costs for developing a talent development programme supporting a diverse range of artists. **Creative Youth Network £148,226 (over 2 years)** Towards core costs to support work combining creativity and youth services, identifying how this impacts on the lives of disadvantaged young people, and creating and disseminating a replicable model. **Black Cultural Archives £251,928 (over 3 years)** Towards project costs for Seeing ourselves: Cross generation representation in heritage and arts career, working inclusively with primary school age children all the way up to institutional boards to provide career pathways for people of African heritage. ## **Culture&** **£247,750 (over 3 years)** Towards project costs for a partnership project with the University of Leicester to increase the number of early career heritage professionals from diverse backgrounds with postgraduate qualifications. ## **Brighter Sound** ## **£180,000 (over 3 years)** Towards unrestricted core costs for a new initiative of creative development and structured support for musicians and producers across the North. A Fairer Future ## **Deafinitely Theatre** ## **£60,000 (over 3 years)** Towards project costs for a deaf-led socially driven arts outreach programme linked to bilingual touring productions that offers the UK’s deaf community a range of key creative opportunities. ## **Disability Arts Online** **£75,000 (over 3 years)** Towards unrestricted core costs to support the development of Disability Arts Online’s talent development programme. Creative, Confident Communities Infrastucture and New Ideas COVID Emergency Grants Social Investment Funding in Partnership Receiving a COVID Commission was an absolute lifeline and a huge confidence boost that Disability Arts Online (DAO) had created an avenue for us disabled artists to find a platform and increase our visibility during a pandemic that has killed and silenced so many of us. It was also fantastic how swiftly these were set up, giving hope at an extremely dark moment. Disability Arts Online TASK Fund Trustees’ Report Accounts Home Overview Our Natural World Esmée Fairbairn Foundation Annual Report and Accounts 2020 **31** ## A Fairer Future A new, inclusive generation of leaders and artists _continued_ I was losing my desire to write, but now I’ve found it again. **Leanna Benjamin** Graeae Theatre Company Illustration by Kerry Hyndman as part of Graeae Theatre Company’s Crips without Constraints project. Home Overview Our Natural A Fairer Future World Creative, Confident Communities Infrastucture and New Ideas ## **Doorstep Arts** **£48,240 (over 2 years)** Towards core costs to support the development of an action research model co-constructed with young people to demonstrate and share best practice on progression pathways in the arts. **Graeae Theatre Company £200,000 (over 2 years)** Towards unrestricted core costs of Graeae’s work profiling and supporting Deaf and disabled actors, writers and directors. ## **HighTide** **£124,000 (over 2 years)** Towards core costs to support the development of a new organisational model working across the Eastern region. ## **Institute of International Visual Arts** **£120,000 (over 30 months)** Towards project costs for Future Collect, a three-year partnership programme to transform the culture of commissioning and collecting in museums and galleries to reflect the diversity of the UK. Funding in COVID Partnership Emergency Grants **National Youth Choirs of Great Britain** **£270,000 (over 4 years)** Towards unrestricted core costs to support more young people to access high-quality singing, by delivering strategic partnerships in six UK regions, and a national programme of engagement activities. **Open Up Music** **£100,000 (over 3 years)** Towards core costs to extend progression pathways for young disabled musicians beyond SEND settings through the National Open Youth Orchestra (NOYO). ## **Peckham Platform** **£160,000 (over 4 years)** Towards unrestricted core costs funding to support Peckham Platform to grow its social impact, enhance progression pathways for young people and expand learning networks as it transitions to a new venue. Social Investment TASK Fund **Project Art Works £120,000 (over 2 years)** Towards unrestricted core costs to enable the organisation to develop their model of holistic support for neurodivergent artists and to catalyse wider cultural and social change through national partnerships. ## **Take Art** **£32,850 (over 1 year)** Towards project costs for BARN, a programme supporting the growth and sustainability of emerging theatre makers in Somerset and strengthening regional infrastructure for early career development. ## **The Bluecoat** **£147,000 (over 3 years)** Towards project costs for Beyond the Blue, The Bluecoat’s creative career development pathway for artists with learning disabilities. ## **The Courtauld Institute of Art** **£700,000 (over 1 year)** Towards core costs for a permanent endowment fund to provide undergraduate financial support with the aim of widening access. Trustees’ Report Accounts Esmée Fairbairn Foundation Annual Report and Accounts 2020 **32** ## A Fairer Future A new, inclusive generation of leaders and artists _continued_ **Unity Theatre £112,825 (over 3 years)** Towards unrestricted core costs for a new talent development programme tackling the lack of producing talent in Liverpool by equipping local artists and producers with the skills they need to develop high-quality work and grow sustainable careers. **The Lowry Centre Trust Ltd £60,000 (over 1 year)** Towards project costs of a collaborative scheme in response to COVID, to support artists in the North West through online development opportunities. **The Paraorchestra and Friends** **£120,000 (over 3 years)** Towards core costs to underpin the next major step-change in the orchestra’s artistic ambition, output and audience reach. **Urban Development Music Foundation £180,000 (over 3 years)** Towards unrestricted core costs for a Chief Operating Officer post to support the organisation’s development of a new talent house for urban culture in East London. ## **The Roundhouse Trust** **£265,000 (over 3 years)** Towards project costs for a new programme of work that will enable young people from racialised communities and lower income backgrounds to build a career in the creative industries. **Venture Arts** **£100,000 (over 2 years)** Towards project costs of a collaborative scheme in response to COVID, to support artists in the North West through online development opportunities. ## **Theatre Absolute** **£155,000 (over 4 years)** Towards core costs of Theatre Absolute, ensuring it can further develop activities and partnerships, make a substantial contribution to the Coventry City of Culture 2021 programme and maintain its presence and influence the area. Home Overview Our Natural A Fairer Future World It’s been really fun, and it was a good way to get out of the house and give our creativity an outlet. I spent about 5 months at home basically doing nothing. We’ve been doing a lot of movement and dance, thinking about alternate universes and our futures. **Love (C3 Member)** Company Three ## Cultural education **Big Change Charitable Trust £50,000 (over 1 year)** Towards project costs to support the first year of a proposed three year Commission (or Co-Mission) that sets out to reimagine the education system. **Company Three (‘Islington Community Theatre’) £60,000 (over 2 years)** Towards unrestricted core costs to develop the model for creative engagement with young people. Creative, Infrastucture and New Ideas Confident Communities Funding in COVID Social Investment Partnership Emergency Grants TASK Fund ## **Curious Minds** **£50,000 (over 1 year)** Towards project costs for a programme supporting cultural projects for children transitioning from primary to secondary school alongside the creation of a network of cultural practitioners and new partnerships. **Tangled Feet Ltd £60,000 (over 3 years)** Towards core costs for the salary of the Participation Director to manage Tangled Feet’s developing work with young people. Trustees’ Report Accounts Esmée Fairbairn Foundation Annual Report and Accounts 2020 **33** A Fairer Future A new, inclusive generation of leaders and artists _continued_ Before taking part in Culture restoring communities Lonely Not Alone (LNA), I wasn’t in a good place. LNA has given me the hope of doing **Effervescent Social Alchemy** something positive, meeting new **£190,000 (over 3 years)** Towards unrestricted core costs people who I immediately felt a to further refine a methodology for co-produced creative activity connection with, and creating with vulnerable children and young people, strengthen monitoring something incredible. It’s the first and evaluation and build towards financial sustainability. piece of excitement and happiness in a long while, and I found myself so inspired by everyone and everything we were doing. **Effervescent Social Alchemy £190,000 (over 3 years)** Towards unrestricted core costs to further refine a methodology for co-produced creative activity with vulnerable children and young people, strengthen monitoring and evaluation and build towards financial sustainability. Effervescent Social Alchemy A Fairer Future Creative, Confident Communities Infrastucture and New Ideas Funding in Partnership COVID Emergency Grants Social Investment TASK Fund Home Overview Our Natural World Trustees’ Report Accounts Esmée Fairbairn Foundation Annual Report and Accounts 2020 Esmée Fairbairn Foundation Annual Report and Accounts 2020 **34** Creative, Confident Communities **We want to strengthen the bonds in Total number of grants: communities, helping local people to build Approved in 2020: vibrant, confident places where they can fulfil their creative, human, and economic potential.** Places where the local economy works better for 38 the people who live there, where there is equality £4.6m of access to arts and culture, and where communities are at the heart of change. Key impact goals by 2030: **Total number of grants: Approved in 2020:** 38 £4.6m Infrastucture Funding in COVID Social Investment TASK Fund and New Ideas Partnership Emergency Grants - Everyone can access the benefits of culture and creativity - Communities take an active role in decisions that affect them - Local economies work better for the people who live there Creative, Infrastucture and New Ideas Confident Communities Trustees’ Report Accounts Home Overview Our Natural World A Fairer Future Esmée Fairbairn Foundation Annual Report and Accounts 2020 **35** ## Creative, Confident Communities ## **Priority** ## **Impact goal** **No. of grants £** Creativity transforming lives **Everyone can access the benefits** 6 £531k **of culture and creativity** Culture restoring communities 22 £2.4m **Local economies work better** Community ownership 3 £1m **for the people who live there** and regeneration **Communities take an active role** 7 £637k **in decisions that affect them** Communities working together for change Note: Includes relevant partnership funds listed on page 43. Home Overview Our Natural World A Fairer Future Creative, Infrastucture and New Ideas Confident Communities Funding in COVID Partnership Emergency Grants Social Investment TASK Fund Trustees’ Report Accounts Esmée Fairbairn Foundation Annual Report and Accounts 2020 **36** Creative, Confident Communities Everyone can access the benefits of culture and creativity Creativity transforming lives ## **Belfast Community Circus School** **£161,757 (over 3 years)** Towards unrestricted core costs to underpin strategic development of social circus programmes for children and young people in Belfast. **In Your Space NI (In Your Space Circus) £99,371 (over 3 years)** Towards unrestricted core costs for a Circus Education Director post to develop the organisation’s circus school model. ## **Invisible Dust** **£30,000 (over 1 year)** Towards core costs for an executive director post to increase capacity to deliver ambitious projects addressing the environment and climate change, public engagement and behaviour change. Home Overview **Peak – Art in the Black Mountains** **£60,000 (over 2 years)** Towards unrestricted core costs to enable Peak to co-design models with rural communities for using creative arts practices to address social and environmental needs. **Restoke C.I.C.** **£120,000 (over 3 years)** Towards core costs for an arts organisation which inspires people who wouldn’t normally take part in cultural opportunities through innovative place-based, co-creation methods. **The Foundling Museum £60,000 (over 1 year)** Towards unrestricted core costs to underpin work with disadvantaged children and young people. Our Natural A Fairer Future World It’s surprising, you practice every week and suddenly it all comes together and you just get that tingle… this is why we’re doing it! I suppose that’s the benefit of doing anything creative. **What Now? Creative Writing Participant** Restoke C.I.C. In 2020 Restoke began the process of restoring a former ballroom as a brand-new community arts venue for Stoke-on-Trent. Creative, Confident Communities Infrastucture and New Ideas COVID Emergency Grants Social Investment TASK Fund Funding in Partnership ## Culture restoring communities **Attitude is Everything** **£160,000 (over 4 years)** Towards unrestricted core costs to support the wider culture sector and raise the numbers of disabled people participating in culture. ## **B Arts** **£82,500 (over 1 year)** Towards unrestricted core costs to continue Artcity Stoke, increasing and consolidating networks and platforms for civically engaged artists, creative communities and researchers in Stoke-on-Trent and North Staffordshire. **Black Country Touring £120,000 (over 3 years)** Towards core costs for an executive director post to support expansion of work with local communities in the Black Country. Trustees’ Report Accounts Esmée Fairbairn Foundation Annual Report and Accounts 2020 **37** ## Creative, Confident Communities _continued_ Everyone can access the benefits of culture and creativity **Coram Shakespeare Schools Foundation £60,000 (over 1.5 years)** Towards project costs for an engagement programme for 500 children and young people in rural areas of the UK. Participants with little access to the arts will benefit from transformative experiences, raising ambition and build a better understanding of creative pathways. **Create Gloucestershire Limited £45,500 (over 6 months)** Towards unrestricted core costs. This will contribute to new and best practice in strengthening local communities and broadening access to culture and creativity. **Create Gloucestershire Limited** **£60,000 (over 16 months)** Towards project costs for a creative and co-produced response to the psychosocial impacts of the COVID crisis that will scale existing arts on prescription services by adding a home delivered and digital offer in Gloucestershire. Home Overview ## **Good Chance** **£150,000 (over 3 years)** Towards core costs to maintain a creative producer and contribute to one of the charity’s core programmes. ## **GUST** **£58,388 (over 1 year)** Towards project costs for an arts partnership project in Gloucester, which supports organisations working collaboratively through creative activity to deliver social change. **Heart of Glass £174,000 (over 3 years)** Towards unrestricted core costs to continue to develop collaborative social arts programmes across the Liverpool City Region and to develop The National Centre for Socially Engaged Arts Practice. **Leeds Playhouse £132,318 (over 2 years)** Towards unrestricted core costs for stabilisation and recovery, with a view to funding project costs in the future towards the development of a new model for a studio theatre space. Our Natural World A Fairer Future ## **Luminate** ## **£50,000 (over 2 years)** Towards unrestricted core costs to support Luminate’s continuing development as a leadership and development organisation in creative ageing, offering a Scotland-wide skills and capacity building programme and increasing the range and number of cultural organisations that include activities to engage older people in their work. **Manchester International Festival** **£500,000 (over 5 years)** Towards core costs for Manchester International Festival’s plans to use a transformational moment (from Festival to Factory) to support communities to thrive; working alongside them to ensure residents are individually and collectively empowered as cultural activists to create change. Creative, Infrastucture and New Ideas Confident Communities ## **National Dance Company** **Wales** **£31,308 (over 1 year)** Towards core costs supporting the post of Learning Lead Dancer, to continue to support the company’s learning and participation activity, strengthening the depth and reach of its work. ## **National Theatre** **£53,000 (over 1 year)** Towards project costs for the development of the ‘Public Acts’ programme of national engagement projects. **Newhampton Arts Centre £46,290 (over 1 year)** Towards project costs for a community mapping project, working across artforms with the residents of Whitmore Reans, from which a new role for the arts centre will be defined, exploring how it can aid community recovery. Funding in COVID Partnership Emergency Grants ## **Paines Plough** ## **£60,000 (over 1 year)** Towards project costs the extension of a touring programme, supporting a network of small-scale venues. ## **South East Dance** **£60,000 (over 2 years)** Towards project costs for a programme of work to engage local communities with dance prior to the opening of a new dance venue in Brighton. ## **Strike A Light (Gloucester)** **£248,990 (over 4 years)** Towards project costs of a cocreated cultural programme in Gloucester and the development of new cultural leaders from diverse backgrounds. Social Investment TASK Fund **Voluntary Arts Network** ## **£120,000 (over 4 years)** Towards unrestricted core costs to enable Voluntary Arts Network to fulfil its strategic aims of building stronger cultural connections, deepening public understanding of everyday arts and opening up more public space for arts. ## **Wysing Arts Centre** **£60,000 (over 2 years)** Towards project costs for creating a pathway of sustained involvement and development in creative arts for young people in rural communities in Cambridgeshire. Trustees’ Report Accounts Esmée Fairbairn Foundation Annual Report and Accounts 2020 **38** Creative, Confident Communities Local economies work better for the people who live there ## Creative, Confident Communities Communities take an active role in decisions that affect them I feel so much better now that I took part in this session. I feel focused and driven. I received so much from sharing today. Listening is a magical power. **Birmingham Open Spaces Forum £32,000 (over 6 months)** Towards unrestricted core costs for short-term revenue support while Birmingham Open Spaces Forum plans a strategic response to the COVID situation and the Future Parks Accelerator project. Community ownership and regeneration Communities working together for change **Arts & Homelessness International** **National Community Land Trust Network £400,000 (over 4 years)** Towards unrestricted core costs to grow the Community Land Trust movement. **£105,000 (over 3 years)** Towards unrestricted core costs to underpin development and implementation of the National Arts and Homelessness Civic Plan – a citywide approach embedding arts at every level of homeless support, from practice to policy. **AHI Women & Homelessness ART Lab** Arts & Homelessness International **Care & Repair England Ltd £150,000 (over 3 years)** Towards unrestricted core costs to enable marginalised older people to participate in decision-making that will result in better homes and neighbourhoods for ageing well. ## **National Energy Action** **(NEA) £136,932 (over 3 years)** Towards project costs for the salary of a Policy Officer to further tackle fuel poverty in Northern Ireland. **Lloyds Bank Foundation for England & Wales (Local Motion) £50,000 (over 6 months)** Towards project costs of a research and scoping phase leading to a major multi-funder collaborative programme in the future. ## **Association of Camerados** **£110,000 (over 2 years)** Towards core costs of a movement supporting people experiencing tough times through friendship and purpose. ## **The Plunkett Foundation** **£500,000 (over 3 years)** Towards core costs of developing the Plunkett Foundation’s profile and reach, enabling improved communications, increased service provision and developing the organisation’s voice as an advocate for rural communities Our Natural World Creative, Infrastucture and New Ideas Confident Communities COVID Emergency Grants Social Investment TASK Fund A Fairer Future Funding in Partnership ## **Primary** ## **£20,000 (over 1 year)** Towards unrestricted core costs to underpin Making Place, an approach to creative community participation that involves people in making decisions about their local neighbourhood. **The Association of Community Organisations for Reform Now (ACORN)** **£170,000 (over 3 years)** Towards core costs for the national administrator and organisers to grow the ACORN network, supporting more communities to influence the things that matter to them. Trustees’ Report Accounts Home Overview Esmée Fairbairn Foundation Annual Report and Accounts 2020 **39** ## Infrastructure and New Ideas **In addition to our three main aims, we support work that contributes to our impact goals across our aims by enabling a stronger, inclusive and innovative sector. This includes key infrastructure organisations and new ideas that unblock barriers, test new approaches or build movements for change.** Applications towards infrastructure and new ideas are by invitation only. Key impact goals by 2030: - A sector that is creative, enterprising and inventive - An effective, inclusive, resilient and independent not-for-profit sector **Total number of grants:** **Approved in 2020:** 13 £1.1m Creative, Confident Communities Infrastucture and New Ideas Funding in COVID Social Investment Partnership Emergency Grants TASK Fund Trustees’ Report Home Overview Our Natural World A Fairer Future Accounts Esmée Fairbairn Foundation Annual Report and Accounts 2020 **40** ## Infrastructure and New Ideas ## **Impact goal** **A sector that is creative, enterprising and inventive** **An effective, inclusive, resilient and independent not-for-profit sector** A Fairer Future ## **No. of grants** 3 10 Creative, Infrastucture and New Ideas Confident Communities ## **£** **----- Start of picture text -----**
£85k
**----- End of picture text -----**
Note: Includes relevant partnership funds listed on page 43. Funding in COVID Partnership Emergency Grants Social Investment TASK Fund Trustees’ Report £968k Accounts Home Overview Our Natural World Esmée Fairbairn Foundation Annual Report and Accounts 2020 41 ## Infrastructure and New Ideas A sector that is creative, enterprising and inventive ## **Global Dialogue** **£60,000 (over 1 year)** Towards core costs to build a collection of practitioners from a range of sectors and to test the assumptions of Collective Psychology and if they can influence how society thinks about politics, identity and social change. ## **Social Investment** **Business Group £10,000 (over 6 months)** Towards project costs for building an insight tool for needs analysis of communities during the COVID pandemic. ## Infrastructure and New Ideas An effective, inclusive, resilient and independent not-for-profit sector ## **360Giving** ## **Civil Exchange** **Institute for Voluntary Action Research** **£450,000 (over 3 years)** **£40,000 (over 1 year)** **£20,000 (over 6 months)** Towards project costs for ‘Better Way’, an initiative to convene leaders in the voluntary sector to generate new thinking on the future for charitable activity. Towards unrestricted core costs to support the implementation of a new strategy to raise the bar in grants data sharing, testing new approaches and inspiring and supporting the use of data. Towards project costs for IVAR’s COVID emergency support offer to create a safe space for stressed charity leaders to talk, exchange views and receive support and affirmation and to distil this learning to help funders develop appropriate ways of listening and supporting. ## **Institute for Voluntary** **Action Research £10,000 (over 6 months)** Towards project costs for creating and supporting safe spaces for stressed leaders to talk, exchange views and receive support and affirmation, and distilling what it heard to help develop appropriate ways of listening and supporting. **Big Issue Invest** **£56,000 (over 1 year)** Towards project costs supporting a piece of research to establish a Technical Assistance framework: measuring efficacy of social investment support to improve organisational resilience and quality of the social investment supporters. **Institute for Voluntary Action Research £300,000 (over 5 years)** Towards unrestricted core costs of an organisation that strengthens voluntary and community sector organisations and management using research, organisational capacity building and policy work. ## **NCVO** ## **£57,400 (over 1 year)** Towards project costs for improving NCVO’s tech/digital knowhow web content to help small and medium sized charities become more digitally confident. **Shift Foundation £4,000 (over 6 months)** Towards project costs, enabling Shift Foundation to write-up and publish the outcome of the successful research on alternate social investment instruments. **Social Spider £14,000 (over 6 months)** Towards project costs of supporting a piece of research looking at the evolution of the social investment market over the last 20 years. ## **NCVO** **£16,590 (over 1.5 years)** Towards project costs for creating an automated classification of charities in the charity register. A Fairer Future Creative, Confident Communities Infrastucture and New Ideas Funding in Partnership COVID Emergency Grants Social Investment TASK Fund Trustees’ Report Accounts Home Overview Our Natural World Esmée Fairbairn Foundation Annual Report and Accounts 2020 42 ## Funding in Partnership **The Foundation sometimes works in partnership with other funders or organisations to target a particular region, community, or sector, or to help tackle a specific issue.** The Keep Well Fund has made a huge difference to my time throughout lockdown. It has enabled me to buy a mountain bike and have an exercise routine whereas before I didn’t have the chance. It has allowed me to socially distance whilst having a sense of freedom to roam around. Even though I drive, I still felt confined to another room as I couldn’t travel to my usual places by the beach. The Keep Well Fund has made a significant impact on my overall health. Life Changes Trust (Keep Well Fund) Overview Our Natural World Creative, Confident Communities Infrastucture and New Ideas Funding in COVID Partnership Emergency Grants Social Investment TASK Fund Trustees’ Report Accounts A Fairer Future Home Esmée Fairbairn Foundation Annual Report and Accounts 2020 43 ## Funding in Partnership **The Baring Foundation** A Fairer Future **£600,000 (over 3 years)** Towards delegated grant-making for the continuation of a joint funding programme, Strengthening Civil Society, to support the use of legal action for social change. In 2020, six grants were made totalling £200,000. ## **Comic Relief** **£100,000 (over 1 year)** Towards delegated grant-making for the continuation of the Early Action Neighbourhood Fund. **The Blagrave Trust £300,000 (over 3 years)** Towards delegated grant-making for the Listening Fund, supporting young people to lead change, and organisations to better listen to and on young people’s views. In 2020, three grants were made totaling £397,089. **Life Changes Trust £40,000 (over 6 months)** Towards delegated grant-making for a contribution to the Trust’s Keep Well Fund following a surge in demand resulting from the COVID outbreak. In 2020, 691 grants were made totalling £138,272. A Fairer Future Creative, Confident Communities ## **Local Trust** **£60,000 (over 6 months)** Towards delegated grant-making for an extension by six months of the Creative Civic Change programme due to the impact of COVID. ## **Museums Association** **£53,237 (over 1 year)** Towards delegated grant-making for additional funding for the Esmée Fairbairn Collections Fund. In 2020, six grants were made totalling £478,943. ## **David Livingstone** **Birthplace** £84,800 ## **Fitzwilliam Museum** £84,431 Creative, Infrastucture and New Ideas Confident Communities ## **Mansfield Museum & Art** **Gallery** £89,680 **Museum of Free Derry** £75,432 ## **National Museums** **Liverpool** £88,000 ## **Waterside Arts** £56,600 COVID Emergency Grants Funding in Partnership Infrastructure and New Ideas **Money4YOU** **£15,000 (over 1 year)** Towards delegated grant-making for Money4YOU’s ‘Dragons Den’. In 2020, two full and one part grants were made totalling £16,500. Social Investment TASK Fund ## Conduits When organisations have not yet developed rigorous financial and other processes we sometimes use a conduit to oversee the management of our funding or where we feel a grantee can benefit substantially from the additional resources that are available because of the relationship. Creative, Confident Communities The following organisation received a grant via a conduit in 2020: **GUST** **£58,388 (over 1 year)** _Everyone can access the benefits of culture and creativity: Culture restoring communities_ Acting as a conduit for Take Note. Note: this grant is also included in the grants listed on page 37. Trustees’ Report Accounts Home Overview Our Natural World Esmée Fairbairn Foundation Annual Report and Accounts 2020 44 # COVID Emergency Grants **In reponse to COVID, we made an additional £16.1m in emergency grants. These included Fast Response Grants and contributions to pooled funds.** Our work has always been about place-based meaningful action at a local level, but 2020 was an important year for us in recognising that our work is a real world application of systems change. Our three key projects; East Quay a cultural and community arts centre on the quayside, set to open July 2021, Biomill a biomanufacturing facililty making insulation materials from the roots of mushrooms and our Social Action programme, involving local people in decision-making and communtiy action, all demonstrate and advocate a connected, creative, kinder and climate conscious model of society and economics. Onion Collective Social Investment Overview Our Natural World Creative, Confident Communities Infrastucture and New Ideas Funding in COVID Partnership Emergency Grants TASK Fund Trustees’ Report A Fairer Future Accounts Home Esmée Fairbairn Foundation Annual Report and Accounts 2020 45 ## Fast Response Grants |**174 Trust The Duncairn**
**£20,000**
**a space arts**
**£17,600**
**A Way Out**
**£17,500**
**Abianda**
**£20,000**
**Access All Areas**
**£15,000**
**Achievement for All**
**£60,000**
**Action for Conservation**
**£37,500**
**Action on Empty Homes**
**£21,401**
**Action Transport Theatre**
**(ATT)**
**£20,667**
**Adfam National**
**£50,000**
**Advocacy After Fatal**
**Domestic Abuse (AAFDA)**
**£22,500**
**Afonydd Cymru**
**£10,000**
Overview
Home|**African Cultural Exchange**
**Ltd (ACE dance and music)**
**£20,000**
**Afruca – Safeguarding**
**Children**
**£30,000**
**Age UK Gloucestershire**
**£10,000**
**Age UK Oxfordshire**
**£29,018**
**Agenda**
**£25,000**
**Ahimsa**
**£15,000**
**Alchemy Film & Arts**
**£14,750**
**Alexandra Rose Charity (ARC)**
**£19,199**
**Amphibian and Reptile**
**Groups of UK**
**£15,000**
**An Lanntair**
**£10,000**
**Ancient Tree Forum (ATF)**
**£26,867**
**Angling Trust**
**£41,500**|**Anti Slavery International**
**£20,000**
**Anti Traffcking and Labour**
**Exploitation Unit**
**£22,007**
**Aquarius Action Projects**
**£33,459**
**ARC Stockton Arts Centre Ltd**
**£22,500**
**Ariel Trust**
**£20,000**
**Art Gene Limited**
**£10,000**
**Artangel Trust**
**£15,000**
**Article 39**
**£20,000**
**Articulate Cultural Trust**
**£15,000**
**Artistic Directors of the**
**Future**
**£82,500**
**Artists in Residence**
**£10,000**
**Arts at the Old Fire Station**
**£25,000**|**Arvon Foundation Ltd**
**£22,000**
**asphaleia action**
**£19,009**
**Association for Real Change**
**(ARC)**
**£29,931**
**Association of Chairs**
**£25,000**
**Asylum Support Appeals**
**Project**
**£22,500**
**Auditory Verbal UK**
**£16,604**
**Aurora Orchestra**
**£12,500**
**Auticon Ltd**
**£60,000**
**Autograph ABP**
**£18,409**
**Bail for Immigration Detainees**
**£25,000**
**Barbican Theatre, Plymouth**
**£17,333**
**Basis Yorkshire Ltd**
**£24,991**|**Beacon Films CIC (formerly**
**Beacon Hill Arts CIC)**
**£11,723**
**Beamish Museum Ltd**
**£25,000**
**Beatfreeks Arts Ltd.**
**£20,000**
**Become**
**£32,500**
**Belfast Community Circus**
**School**
**£13,770**
**Belfast Hills Partnership**
**Trust (BHP)**
**£25,000**
**Beyond the Streets**
**£15,000**
**Big Solar Coop**
**£13,750**
**Big Telly Theatre Company**
**£18,333**
**Bike for Good**
**£10,000**
**Birmingham Hippodrome**
**£17,500**|**Birmingham Open Spaces**
**Forum**
**£15,283**| |---|---|---|---|---|---| ||||||**Birth Companions**
**£20,000**| ||||||**Birthrights**
**£25,000**| ||||||**Black Cultural Archives**
**£18,360**| ||||||**Blackpool Grand Theatre**
**(Arts and Entertainment)**
**Ltd**
**£33,300**| ||||||**Bolton Lads’ & Girls’ Club**
**£18,115**| ||||||**BOM (Birmingham Open**
**Media) CIC**
**£29,848**| ||||||**Borders Forest Trust**
**£25,000**| ||||||**Bradford Community**
**Broadcasting**
**£17,500**| ||||||**brap**
**£23,062**| ||||||**Break**
**£32,537**| ||Our Natural
World
A Fairer Future|Infrastucture
and New Ideas
Creative,
Confdent
Communities|Funding in
Partnership
**COVID**
**Emergency**
**Grants**|Social Investment
TASK Fund|Trustees’ Report
Accounts| Esmée Fairbairn Foundation Annual Report and Accounts 2020 46 ## Fast Response Grants |**Bright Futures**
**£25,000**
**Brighton & Hove Food**
**Partnership**
**£34,601**
**British Federation of Film**
**Societies (Cinema For All)**
**£14,000**
**British Trust for Ornithology**
**£50,000**
**Brogdale Collections**
**£17,500**
**BTEG**
**£17,000**
**Buglife**
**£40,000**
**Building with Nature**
**£29,814**
**Calderdale Industrial**
**Museum Association**
**£7,500**
**Campaign Bootcamp**
**£20,000**
**Campaign for National Parks**
**£17,500**
**Candoco Dance Company**
**£17,500**
Overview
Home|**Cardboard Citizens (CC)**
**£30,000**
**Care & Repair England Ltd**
**£25,000**
**Carefree Fostering**
**Independence Cornwall**
**£25,000**
**CDP Worldwide**
**£60,000**
**Central England Law Centre**
**Limited**
**£40,000**
**Centre for Justice Innovation**
**£15,000**
**Centre for Sustainable**
**Energy**
**£32,513**
**Chance UK**
**£30,000**
**Chefs in Schools**
**£10,000**
**Chemicals, Health, and**
**Environmental Monitoring**
**Trust**
**£40,000**
**Child Poverty Action Group**
**£39,907**|**Children and Families Across**
**Borders CFAB**
**£18,765**
**Children England**
**£40,000**
**Children’s Law Centre**
**(Northern Ireland)**
**£25,000**
**Children’s Legal Centre**
**(Wales)**
**£25,000**
**Children’s University**
**£15,338**
**China Plate**
**£27,500**
**Chineke Foundation**
**£20,000**
**Chrysalis Arts Development**
**Ltd**
**£10,000**
**Church Action on Poverty**
**£60,000**
**Circles South East**
**£35,000**
**CIS’ters**
**£5,000**|**Citizens Advice Rossendale**
**and Hyndbburn**
**£24,517**
**City of Sanctuary UK**
**£20,000**
**City to Sea**
**£14,850**
**Civic Square Birmingham**
**£50,000**
**CKUK**
**£11,471**
**Clean Break Theatre**
**Company**
**£30,000**
**CleanupUK**
**£15,000**
**Clinks**
**£32,500**
**Clinks Care Farm Ltd.**
**£7,225**
**Clore Duffeld Foundation**
**– Cultural Learning Alliance**
**£15,000**
**Clore Leadership**
**£40,000**
**Collective**
**£17,500**|**Collective Encounters**
**£16,225**
**Columba 1400**
**£23,460**
**Communities Empowerment**
**Network**
**£34,396**
**Community Energy Association**
**(England) Ltd – CEE**
**£50,000**
**Community Forest Trust**
**£25,000**
**Community Land Scotland**
**£10,000**
**Community Law Advice**
**Network**
**£60,000**
**Compassion In World**
**Farming International**
**£55,849**
**Consensus Action on Salt,**
**Sugar and Health (CASSH)**
**£37,500**
**Contact**
**£29,787**
**Contact A Family**
**£25,000**|**Coram Children’s Legal Centre**
**£25,000**| |---|---|---|---|---|---| ||||||**Coram Voice**
**£50,000**| ||||||**Coroners’ Courts Support**
**Service**
**£17,356**| ||||||**Cotswolds Conservation**
**Board**
**£9,782**| ||||||**Counterpoints Arts**
**£30,000**| ||||||**Coventry Rape And Sexual**
**Abuse Centre Ltd**
**£18,750**| ||||||**Cranstoun**
**£15,964**| ||||||**Create London**
**£15,000**| ||||||**Create Studios CIC**
**£14,880**| ||||||**Creative Academies Ltd**
**£33,325**| ||||||**Creative Arts East**
**£7,500**| ||||||**Credu Connecting Carers**
**£22,657**| ||Our Natural
World
A Fairer Future|Infrastucture
and New Ideas
Creative,
Confdent
Communities|Funding in
Partnership
COVID
Emergency
Grants|Social Investment
TASK Fund|Trustees’ Report
Accounts| Esmée Fairbairn Foundation Annual Report and Accounts 2020 47 ## Fast Response Grants |**Criminal Justice Alliance**
**£17,500**
**Culture Coventry**
**£47,479**
**Culture Squared**
**£49,318**
**Cumbria Law Centre**
**£25,000**
**Cumbria Wildlife Trust**
**£30,000**
**DaDa Fest**
**£29,636**
**Dance City**
**£8,329**
**Dance Umbrella Ltd**
**£30,000**
**Dance United Yorkshire**
**(DUY)**
**£14,167**
**Déda**
**£39,000**
**Detention Action**
**£22,500**
**Disability Rights UK**
**£17,000**
Overview
Home|**Diverse City**
**£15,000**
**Doncaster Performance**
**Venue Ltd**
**£17,500**
**Donnington Doorstep**
**£27,645**
**Drake Music**
**£23,101**
**Drake Music Scotland**
**£20,000**
**Drive Forward Foundation**
**£60,000**
**DU Dance (NI)**
**£7,500**
**East London Dance Ltd**
**£25,000**
**Eastern Angles Theatre**
**Company Ltd**
**£10,000**
**Eating Better**
**£37,110**
**Eco Drama**
**£15,000**
**ecobirmingham**
**£15,000**|**Ecologia Youth Trust**
**£20,000**
**Ecological Land Co-operative**
**£17,500**
**Effervescent Social Alchemy**
**£29,118**
**Element Creative Projects CIO**
**£7,350**
**Empire Fighting Chance**
**£23,525**
**End Violence Against**
**Women Coalition**
**£25,000**
**Environmental And**
**Management Solutions Limited**
**£18,288**
**Environmental Funders**
**Network**
**£30,000**
**Equally Ours**
**£20,000**
**Ethnic Youth Support Team**
**£20,000**
**Exeter Northcott Theatre**
**£21,730**
**Family Lives**
**£30,000**|**Family Rights Group**
**£60,000**
**FareShare**
**£60,000**
**Farm Carbon Cutting Toolkit**
**£2,295**
**Farnham Maltings**
**Association Ltd**
**£37,100**
**Feeding Britain**
**£8,582**
**Féile an Phobail**
**£17,670**
**Fight For Peace International**
**£40,000**
**Focus on Labour**
**Exploitation (FLEX)**
**£22,743**
**Football Beyond Borders**
**£33,000**
**Forest of Dean Sculpture**
**Trust**
**£13,333**
**FORWARD**
**£25,000**
**Forward Arts Foundation**
**£12,500**|**Foundation for Common Land**
**£8,750**
**Freedom from Torture**
**£22,500**
**Friends of the Earth Scotland**
**£5,000**
**Friends, Families and Travellers**
**£25,000**
**Froglife**
**£50,000**
**Frozen Light**
**£15,000**
**Fuel Productions Ltd.**
**£20,000**
**Full Fact**
**£30,000**
**Fusion Housing**
**£9,000**
**Future Men**
**£30,000**
**Fylde Coast Women’s Aid**
**£20,306**
**Galop**
**£31,934**
**Gendered Intelligence**
**£19,893**|**Generation Rent**
**£20,000**| |---|---|---|---|---|---| ||||||**Gingerbread**
**£17,500**| ||||||**Glasgow Sculpture Studios**
**Ltd**
**£15,000**| ||||||**Global Action Plan**
**£50,000**| ||||||**Global Feedback Ltd.**
**£50,000**| ||||||**Good Journey Network CIC**
**£10,000**| ||||||**Goodwin Development Trust**
**£12,512**| ||||||**Graeae Theatre Company**
**£50,000**| ||||||**Grand Union**
**£22,386**| ||||||**Grandparents Plus**
**£30,000**| ||||||**Greater Manchester Arts**
**Centre Ltd.**
**£15,000**| ||||||**Greater Manchester Youth**
**Network (GMYN)**
**£25,000**| ||Our Natural
World
A Fairer Future|Infrastucture
and New Ideas
Creative,
Confdent
Communities|Funding in
Partnership
COVID
Emergency
Grants|Social Investment
TASK Fund|Trustees’ Report
Accounts| Esmée Fairbairn Foundation Annual Report and Accounts 2020 48 ## Fast Response Grants |**Green Alliance Trust**
**£50,000**
**Greenpeace Environmental**
**Trust**
**£30,000**
**Grimm & Co**
**£26,000**
**Growing Communities**
**£37,391**
**Hackney Empire Ltd**
**£23,500**
**Halle Concerts Society**
**£6,250**
**Hartlepower C.I.C.**
**£10,000**
**Hay Castle Trust**
**£26,667**
**Health for All (Leeds) Ltd**
**£27,202**
**Healthy n Happy**
**Community Development**
**Trust**
**£10,000**
**Heart n Soul**
**£25,000**
**HERe NI**
**£10,000**
Overview
Home|**Hibiscus Initiatives**
**£10,873**
**Hijinx Theatre**
**£25,000**
**Hofesh Shechter**
**£30,000**
**Howard League for**
**Penal Reform**
**£26,600**
**Human Traffcking**
**Foundation**
**£23,750**
**I CAN**
**£25,000**
**IKWRO – Women’s Rights**
**Organisation**
**£24,991**
**IMiX**
**£21,619**
**Imkaan**
**£30,000**
**In Control Partnerships**
**£20,000**
**Include Youth**
**£40,000**
**Includem**
**£20,000**|**Independent Parental**
**Special Education Advice**
**£21,000**
**INQUEST Charitable Trust**
**£37,500**
**Institute of Environmental**
**Management & Assessment**
**£24,000**
**Integrate UK**
**£20,000**
**IntoUniversity**
**£50,000**
**Islington Law Centre (The**
**Migrants’ Law Project)**
**£15,000**
**Jamie’s Farm**
**£45,000**
**John Muir Trust Limited**
**£24,814**
**Joint Council for the Welfare**
**of Immigrants**
**£25,000**
**Julie’s Bicycle**
**£35,000**
**Just for Kids Law**
**£60,000**|**Justlife**
**£25,000**
**Kaleider Ltd.**
**£12,320**
**Karma Nirvana**
**£20,000**
**Kent Refugee Action Network**
**£36,500**
**Kettle’s Yard, University**
**of Cambridge**
**£20,000**
**Khulisa**
**£25,000**
**Kids Kabin**
**£10,000**
**Kiln Theatre**
**£20,000**
**Kinship Care Northern**
**Ireland**
**£12,898**
**Knowle West Media Centre**
**£10,000**
**Lads need dads CIC**
**£7,500**
**Land Workers’ Alliance**
**£15,015**|**Lasa**
**£15,000**
**Law Centres Network**
**£23,834**
**Leap Confronting Confict**
**(Leap)**
**£60,000**
**Learning Disability England**
**£27,500**
**Leicestershire Cares**
**£19,074**
**Leith Community Crops**
**in Pots**
**£15,000**
**Liberdade Community**
**Development Trust**
**£15,000**
**Licketyspit**
**£13,150**
**Lightburn Elderly**
**Association Project (LEAP)**
**£29,954**
**Lighthouse Arts & Training**
**Ltd**
**£15,000**
**Lighthouse Futures Trust**
**£10,000**|**Lincoln Arts Trust Limited**
**£25,000**| |---|---|---|---|---|---| ||||||**Lincolnshire Wildlife Trust**
**£17,741**| ||||||**Little Fish Theatre**
**£21,091**| ||||||**Little Ouse Headwaters**
**Project**
**£17,250**| ||||||**Live Theatre**
**£50,000**| ||||||**Llamau Ltd**
**£25,000**| ||||||**Locality**
**£37,500**| ||||||**London International**
**Festival of Theatre**
**£20,000**| ||||||**Ludlow Assembly Rooms**
**£15,975**| ||||||**Luminate**
**£10,000**| ||||||**Marine Conservation Society**
**MCS**
**£40,000**| ||||||**Marlborough Productions CIC**
**£15,000**| ||Our Natural
World
A Fairer Future|Infrastucture
and New Ideas
Creative,
Confdent
Communities|Funding in
Partnership
COVID
Emergency
Grants|Social Investment
TASK Fund|Trustees’ Report
Accounts| Esmée Fairbairn Foundation Annual Report and Accounts 2020 49 ## Fast Response Grants |**Maternity Action**
**£25,000**
**Mayday Trust**
**£25,000**
**Medical Justice**
**£25,000**
**Metropolitan Arts Centre**
**£50,000**
**Midlands Art Centre (MAC)**
**£16,917**
**Migrant Voice**
**£30,252**
**Migrants Organise Ltd**
**£25,000**
**Migration Museum Project**
**£25,000**
**Mind The Gap**
**£14,995**
**Moving on Music**
**£10,000**
**Multi-Story Music**
**£5,625**
**My Life Films**
**£24,450**
**NACCOM**
**£25,000**
Overview
Home|**National Biodiversity Network**
**£17,500**
**National Community Land**
**Trust Network**
**£23,501**
**National Dance Company**
**Wales**
**£29,166**
**National Energy Action (NEA)**
**£19,473**
**National Network for the**
**Education of Care Leavers**
**£17,500**
**National Survivor User**
**Network (NSUN)**
**£33,000**
**National Theatre of Scotland**
**£25,000**
**National Theatre Wales**
**£46,992**
**National Ugly Mugs (NUM)**
**£15,000**
**National Youth Choirs of**
**Great Britain**
**£33,750**
**National Youth Orchestra of**
**Great Britain**
**£30,000**|**Nature Friendly Farming**
**Network (NFFN)**
**£37,492**
**NEPACS**
**£15,080**
**New Diorama Theatre**
**£10,000**
**New Family Social**
**£20,000**
**New Horizon Youth Centre**
**Ltd**
**£32,500**
**New Pathways**
**£24,000**
**New Writing North**
**£19,400**
**NL Cares Ltd**
**£28,750**
**North East Young Dads and**
**Lads Project**
**£20,478**
**North Pennines AONB**
**Partnership**
**£45,000**
**Northern Ireland**
**Environment Link**
**£27,500**|**Northern Ireland Marine**
**Task Force**
**£39,044**
**Northern Ireland Rape Crisis**
**Association (Trading as**
**Nexus NI)**
**£22,541**
**Northern Stage Ltd**
**£25,000**
**Nourish Scotland**
**£32,376**
**NWG Network**
**£60,000**
**Off the Record (Bristol)**
**£30,000**
**Oily Cart Company Ltd**
**£14,721**
**ONCA Trust Limited**
**£10,000**
**One Voice 4 Travellers**
**Limited**
**£20,000**
**One25 Ltd**
**£20,000**
**Onion Collective CIC**
**£60,000**
**Open Up Music**
**£20,000**|**Opera North Limited**
**£20,000**
**Operation Black Vote**
**£22,263**
**Orchestra of the Age of**
**Enlightenment**
**£15,000**
**Orchestras For All**
**£15,000**
**Orchestras Live**
**£10,000**
**Paines Plough**
**£33,058**
**Parents Against Child Sexual**
**Exploitation (PACE)**
**£30,138**
**Pasture-Fed Livestock**
**Association**
**£15,000**
**PAUSE**
**£52,086**
**Pavilion Dance South West**
**£37,500**
**Peak District National Park**
**Authority**
**£10,125**|**Peckham Platform**
**£20,000**| |---|---|---|---|---|---| ||||||**Peeple**
**£10,000**| ||||||**Peer Power Youth**
**£23,000**| ||||||**pennine lancashire**
**community farm**
**£11,699**| ||||||**Pentabus Theatre**
**£8,500**| ||||||**Pesticide Action Network**
**UK**
**£25,000**| ||||||**PhotoVoice**
**£32,572**| ||||||**Pioneer Theatres Ltd/**
**Theatre Royal Stratford East**
**£17,500**| ||||||**Plant Heritage**
**£25,000**| ||||||**Plantlife – The Wild Plant**
**Conservation Charity**
**£60,000**| ||||||**Playing Out C.I.C**
**£20,000**| ||||||**Playlist for Life**
**£23,760**| ||Our Natural
World
A Fairer Future|Infrastucture
and New Ideas
Creative,
Confdent
Communities|Funding in
Partnership
COVID
Emergency
Grants|Social Investment
TASK Fund|Trustees’ Report
Accounts| Esmée Fairbairn Foundation Annual Report and Accounts 2020 50 ## Fast Response Grants |**Plymouth Octopus Project +**
**£30,000**
**Pop Up Projects CIC**
**£31,094**
**Portsmouth Abuse and Rape**
**Crisis Service**
**£19,865**
**Possible**
**£37,500**
**Praxis Community Projects**
**£30,000**
**Primary**
**£10,000**
**Prism Arts**
**£15,000**
**Prison Advice and Care**
**Trust**
**£60,000**
**Prison Radio Association**
**£24,167**
**Prison Reform Trust (PRT)**
**£50,000**
**Prisoners Education Trust**
**£30,000**
**Project Food**
**£3,548**
Overview
Home|**Project Space Leeds**
**(The Tetley)**
**£20,000**
**Public Law Project**
**£25,665**
**Quaker Social Action**
**£17,480**
**Read Easy UK**
**£18,630**
**Real Farming Trust**
**£12,500**
**RECOOP**
**£32,500**
**Redthread Youth Ltd**
**£60,000**
**Refugee Action**
**£40,000**
**Refugee Women Connect**
**£15,000**
**Regional Theatre Young**
**Director Scheme (RTYDS)**
**£30,000**
**Release**
**£25,000**
**Repowering London**
**£60,000**|**Respond**
**£15,000**
**Restoke C.I.C.**
**£20,000**
**Rethinking Confict**
**£15,000**
**Revolving Doors Agency**
**£54,366**
**Rewilding Britain**
**£31,000**
**Richmond Fellowship**
**£25,000**
**Rifco Theatre Company**
**£10,000**
**Rooted in Hull**
**£15,000**
**Sadler’s Wells Trust Ltd**
**£15,000**
**SafeLives**
**£46,000**
**Safer London**
**£22,900**
**Sage Gateshead**
**£37,000**
**Saheliya**
**£10,000**|**Scottish Creel Fishermen’s**
**Federation**
**£30,000**
**Scottish Detainee Visitors**
**£10,000**
**Scottish Environment LINK**
**£41,500**
**Scottish Refugee Council**
**£31,646**
**Scottish Wildlife Trust**
**£116,500**
**Sea Ranger Service**
**£15,000**
**SeaChange Arts**
**£20,000**
**ShareAction**
**£60,000**
**Sheffeld Wildlife Trust**
**£25,000**
**Sheila McKechnie**
**Foundation**
**£25,000**
**Sherman Cymru**
**£10,870**
**Signal Film & Media Limited**
**£20,000**|**Sistema Scotland / Big Noise**
**Raploch**
**£31,250**
**Social Change Agency**
**£15,000**
**Social Farms and Gardens**
**£22,000**
**Soil Association**
**£60,000**
**South East Dance**
**£17,032**
**Southall Black Sisters**
**£25,000**
**Spark Inside**
**£25,000**
**Special Olympics Great Britain**
**£25,000**
**Spread the Word**
**£15,000**
**Squash Liverpool CIC**
**£28,710**
**St Christopher’s Fellowship**
**£25,320**
**Staf (Scottish Throughcare**
**and Aftercare Forum)**
**£9,274**|**Stand Alone**
**£23,250**| |---|---|---|---|---|---| ||||||**Standing Committee for**
**Youth Justice**
**£20,000**| ||||||**STAR**
**£20,000**| ||||||**Stay Up Late**
**£17,042**| ||||||**Stephen Joseph Theatre**
**£25,000**| ||||||**Stop The Traffk**
**£26,000**| ||||||**StopWatch**
**£30,000**| ||||||**Strand Arts Centre**
**£18,000**| ||||||**Stratford Circus Arts Centre**
**£20,334**| ||||||**Street Teams**
**£10,000**| ||||||**Streetwise Opera**
**£32,500**| ||||||**Strike A Light (Gloucester)**
**£20,000**| ||Our Natural
World
A Fairer Future|Infrastucture
and New Ideas
Creative,
Confdent
Communities|Funding in
Partnership
COVID
Emergency
Grants|Social Investment
TASK Fund|Trustees’ Report
Accounts| Esmée Fairbairn Foundation Annual Report and Accounts 2020 51 ## Fast Response Grants |**Surfers Against Sewage**
**£27,763**
**Suzy Lamplugh Trust**
**£45,000**
**Synergy Theatre Project**
**£10,000**
**Take Art**
**£8,625**
**TCV – The Conservation**
**Volunteers**
**£31,000**
**Teach First**
**£60,000**
**Tempo**
**£50,000**
**Tender Education And Arts**
**£25,000**
**The Advocacy Academy**
**£20,000**
**The Aire Centre (Advice on**
**Individual Rights in Europe)**
**£27,968**
**the Albany**
**£40,000**
**The Alliance for Inclusive**
**Education (ALLFIE)**
**£25,000**
Overview
Home|**The Aloud Charity**
**£20,000**
**The Big House Theatre**
**Company**
**£24,275**
**The Centre for Youth**
**Impact**
**£25,000**
**The Challenging Behaviour**
**Foundation (CBF)**
**£20,000**
**The Choir with No Name**
**£11,042**
**The Civic, Barnsley**
**£30,500**
**The Climate Coalition**
**£50,000**
**The Community Farm**
**£9,813**
**The Deep**
**£25,000**
**The Fawcett Society**
**£14,063**
**The Food Train**
**£15,000**
**The Gaia Foundation**
**£22,500**|**The Hampton Trust**
**(Hampshire and the Isle**
**of Wight)**
**£28,750**
**The Hidden Gardens Trust**
**£10,000**
**The Involve Foundation**
**£20,000**
**The James Hutton Institute**
**£40,950**
**The Jericho Foundation**
**£21,749**
**The Jo Cox Foundation**
**£20,000**
**The Key (Registered as**
**Keyfund Federation Ltd)**
**£32,500**
**The Lancashire Wildlife Trust**
**£35,000**
**The Lawnmowers**
**£15,000**
**The London Wildlife Trust**
**£49,752**
**The Lowry Centre Trust Ltd**
**£11,950**
**The Lucy Faithfull Foundation**
**£54,373**|**The Manchester Men’s Room**
**£21,328**
**The Mix**
**£60,000**
**The National Youth Jazz**
**Orchestra**
**£7,500**
**The Open University**
**£46,500**
**The Other Room**
**£12,500**
**The Paraorchestra and**
**Friends**
**£20,000**
**The Proud Trust**
**£35,000**
**The Public Catalogue**
**Foundation**
**£25,000**
**The Reader Organisation**
**£25,932**
**The Restart Project**
**£22,500**
**The Roundhouse Trust**
**£42,500**
**The Runnymede Trust**
**£16,000**|**The Salmon & Trout**
**Conservation**
**£25,000**
**The Small Charities Coalition**
**£10,000**
**The Sporting Memories**
**Foundation**
**£24,202**
**The Story Museum**
**£25,000**
**The Sustainable Soils Alliance**
**Community Interest Company**
**£50,408**
**The Traveller Movement**
**£18,182**
**The Trent River Trust**
**£25,000**
**The Turnpike (Leigh) CIC**
**£15,000**
**The Unicorn Theatre for**
**Children**
**£20,000**
**The Wildlife Trust for**
**Birmingham and the Black**
**Country**
**£50,000**
**The Women’s Budget Group**
**£30,000**|**The Woodmeadow Trust**
**£27,250**| |---|---|---|---|---|---| ||||||**The WOW Foundation**
**£19,429**| ||||||**The Wychwood Project**
**£10,000**| ||||||**The Zacchaeus 2000 Trust**
**£25,000**| ||||||**Theatre Absolute**
**£19,375**| ||||||**Theatre Hullabaloo**
**£23,333**| ||||||**Theatre Royal Plymouth**
**£26,977**| ||||||**TheHorseCourse**
**£20,000**| ||||||**Third Generation**
**Environmentalism Ltd**
**£42,500**| ||||||**Thrive Teesside**
**£7,500**| ||||||**Thurrock Open Door**
**£18,500**| ||||||**TIN Arts**
**£20,492**| ||Our Natural
World
A Fairer Future|Infrastucture
and New Ideas
Creative,
Confdent
Communities|Funding in
Partnership
COVID
Emergency
Grants|Social Investment
TASK Fund|Trustees’ Report
Accounts| Esmée Fairbairn Foundation Annual Report and Accounts 2020 52 ## Fast Response Grants |**Toonspeak Young People’s**
**Theatre Ltd.**
**£9,750**
**Tramshed Arts Ltd**
**£17,500**
**Transform Drug Policy**
**Foundation**
**£25,000**
**Tros Gynnal**
**£14,000**
**Turner Contemporary**
**£21,200**
**Tutors United**
**£10,000**
**UK Feminista**
**£17,500**
**UK Youth**
**£25,000**
**Ulster Orchestra**
**£8,000**
**Ulster Wildlife Trust**
**£37,500**
**University of Bedfordshire**
**£25,321**|**University of Bristol –**
**Norah Fry Research Centre**
**£30,000**
**University of Derby Theatre**
**Limited**
**£26,433**
**University of Lincoln**
**£27,500**
**Unlock**
**£41,415**
**UpRising Leadership**
**£25,000**
**URPotential**
**£22,500**
**Uturn UK CIC**
**£15,000**
**Valleys Kids**
**£15,000**
**Venture Arts**
**£22,500**
**Voice of Young People**
**in Care**
**£25,984**
**Voices from Care**
**£26,500**
**Voluntary Arts Network**
**£15,000**|**Wales Environment Link**
**£15,000**
**Warwickshire Community**
**and Voluntary Action (Rugby)**
**£24,920**
**Wellspring Settlement**
**£15,000**
**Welsh Women’s Aid**
**£25,000**
**West London Zone**
**£25,000**
**WEvolution**
**£35,134**
**Whitworth Art Gallery**
**£37,500**
**Who Cares? Scotland**
**£17,500**
**Wildlife and Countryside**
**Link**
**£55,292**
**Women in Prison**
**£15,000**
**Working Chance**
**£25,570**
**Writing On The Wall**
**£31,080**|**Wysing Arts Centre**
**£21,250**
**Yellow Earth Theatre**
**Limited**
**£8,145**
**Yorkshire Wildlife Trust**
**£50,000**
**Young Minds Trust**
**£55,000**
**Youth Access**
**£40,000**
**Youth Leads UK**
**£10,000**
**YWCA Scotland**
**£22,176**
**ZoieLogic Dance Theatre**
**£10,000**
**Community Supported**
**Agriculture (CSA) Network**
**UK**
**£10,000**
**National Literacy Trust**
**£50,000**
**School Food Matters**
**£30,423**|**Sustain**
**£50,000**| |---|---|---|---|---| |||||**Tamar Grow Local CIC**
**£23,881**| |||||**The Orchard Project**
**£27,000**| |Home|Overview|Our Natural
World|A Fairer Future|Creative,
Confdent|Infrastucture
and New Ideas|Funding in
Partnership|COVID
Emergency|Social Investment|TASK Fund|Trustees’ Report|Accounts| |---|---|---|---|---|---|---|---|---|---|---|---| |||||Communities|||Grants||||| Esmée Fairbairn Foundation Annual Report and Accounts 2020 53 ## Additional Emergency Response Grants **AVID £27,500 Serious Trust Ltd £55,000 Standing Together Against Domestic Violence £25,000 Kings Place Music Foundation £5,000** **----- Start of picture text -----**
Onion Collective
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Creative, Infrastucture and New Ideas Confident Communities COVID Emergency Grants A Fairer Future Funding in Partnership ## COVID Pooled Funds **Comic Relief £900,000** Towards delegated grant-making for the Global Majority Fund, a pooled programme to support Black-led infrastructure and grassroots organisations address emergency needs within minoritised communities disproportionately affected by COVID. **Paul Hamlyn Foundation £311,153** Towards delegated grant-making for an extension of the Act for Change Fund, to support organisations as they adapt their programmes in light of COVID. **Refugee Action £500,000** Towards delegated grant-making for the COVID Respond and Adapt Programme, an aligned grant-making and learning programme to support the UK migration and refugee sector. Social Investment TASK Fund **Rosa – The UK fund for women and girls £140,000** Towards delegated grant-making for the COVID Emergency Response Fund for BME Women’s Organisations. **Rosa – The UK fund for women and girls £160,000** Towards delegated grant-making for Rosa’s COVID Response Fund for the UK women’s sector. **The Jerwood Charitable Foundation £250,000** Towards delegated grant-making for a joint funder scheme to support freelance artists significantly impacted by the closure of arts venues due to COVID. Trustees’ Report Accounts Home Overview Our Natural World Esmée Fairbairn Foundation Annual Report and Accounts 2020 54 ## Social Investment **We believe that social investment is a powerful – and financially sustainable – tool. When used alongside grants and our own actions, it can help us to achieve our impact goals, whilst also supporting the development of the social investment market and increase the total amount of funding available.** Our approach to social investment, designed to achieve our impact goals, focuses on three objectives: - Impact-first investment: we start with the social need and tailor our investment - Influencing: to enable a broader, more accessible and innovative social investment market - Learning and sharing: for a more strategic portfolio and to establish greater collective impact This has resulted in an investment portfolio containing many different investment types, such as a Land Purchase Facility and Community Shares. I’m a member of North Kensington Community Energy (NKCE) because I want to see justice for the world, and justice for my local community. NKCE helps me work towards these goals. Repowering Limited Funding in COVID Partnership Emergency Grants Overview Our Natural World Creative, Confident Communities Infrastucture and New Ideas **Social Investment** TASK Fund Trustees’ Report A Fairer Future Accounts Home Esmée Fairbairn Foundation Annual Report and Accounts 2020 55 ## Social Investment A Fairer Creative, Future Confident Communities _Injustice and structural inequality is challenged and changed_ _Local economies work better for the people who live there_ ## **Ascension Ventures** **Repowering London £125,000** **£400,000** An investment towards North Kensington Community Energy Phase II. _Community ownership and regeneration_ An investment into Fair by Design, a fund dedicated to ending the extra costs of being poor – the ‘poverty premium’. _Tackling injustice_ **Repowering London £57,600** ## **RefuAid** **£200,000** An investment towards Aldgate Solar Power, the first communityowned solar power project in the City of London. _Community ownership and regeneration_ An investment into the organisation’s refugee equal access loan employment programme. _Tackling injustice_ ## **Think for the Future** **£515,000** Bridging finance for the purchase of an education hub building in the Midlands to enable the organisation’s growth and to convene other youth organisations who are seeking to prevent cycles of disadvantage. _Acting early on the root causes of problems_ Home Overview Our Natural A Fairer Future World ## Our Natural World _Preserved and improved species_ _health and habitats_ ## **Hubbub Foundation UK** **£250,000** A loan to underwrite the costs of a Climate Emergency Campaign in Manchester. _Space for nature_ ## **RSPB (The Royal Society for** **the Protection of Birds) £475,000** An investment towards the purchase of Horse Common to Lake Paddock, Hamptworth Estate, New Forest, as part of our Land Purchase Facility. _Space for nature_ **RSPB (The Royal Society for the Protection of Birds) £900,000** An investment towards the purchase of Cowles Drove, Lakenheath, Suffolk, as part of our Land Purchase Facility. _Space for nature_ Creative, Infrastucture and New Ideas Confident Communities ## **Staffordshire Wildlife Trust** **£75,000** An investment towards the purchase of land at Craddocks Moss, Stafforshire, as part of our Land Purchase Facility. _Space for nature_ ## **Berks, Bucks & Oxon Wildlife Trust £625,000** An investment towards the purchase of land at Ludgershall Meadows, Buckinghamshire, as part of our Land Purchase Facility. _Space for nature_ Funding in COVID Partnership Emergency Grants ## Infrastructure Social Change and New Ideas _A sector that is creative, enterprising and inventive_ ## **Charity Bank £230,000** Follow-on investment to enable Charity Bank to better support social organisations in COVID recovery stage and beyond. ## **Hampstead Theatre** **£100,000** An investment towards production costs to test viability of audible theatre productions as a new form of theatre delivery. In 2020 we made seven social investment-related grants totalling £390k. Note: these are included in the overall figures for grant-making. **Social Investment** TASK Fund Trustees’ Report Accounts Esmée Fairbairn Foundation Annual Report and Accounts 2020 56 ## Social Investment by aim **Creative, Confident Communities Our Natural World** £183k £2.3m **2** No. of SI’s 2020 **5** No. of SI’s 2020 **Social Investment £6.7m** – Total AP **by aim committed £8m** – Total AP **12** – No. of SI’s AP **16** – No. of SI’s AP **in 2020** £4m **A Fairer Future** Total 2020 £1.1m **12** No. of SI’s 2020 **3** No. of SI’s 2020 **£34.3m** – Total AP **79** – No. of SI’s AP **£2.4m** – Total AP **7** – No. of SI’s AP **Infrastructure and New Ideas Social Change Environment** £100k £230k £0 **1** No. of SI’s 2020 **1** No. of SI’s 2020 **0** No. of SI’s 2020 **£525k** – Total AP **£16m** – Total AP **£670k** – Total AP **4** – No. of SI’s AP **36** – No. of SI’s AP **4** – No. of SI’s AP Footnote: AP = Active portfolio as at 31 December 2020 SI = Social Investment Home Overview Our Natural A Fairer Future World Creative, Confident Communities Infrastucture and New Ideas ## Social Investment by product type **SIB/PBR** £400k Total AP **Community Shares** £120k Total AP **2** No. of SI’s AP **£0** – Total 2020 **0** – No. of SI’s 2020 **Quasi Equity** £1.6m Total AP **1** No. of SI’s AP **2** No. of SI’s AP **£0** – Total 2020 **£0** – Total 2020 **0** – No. of SI’s 2020 **0** – No. of SI’s 2020 **Bond** £930k **Quasi Equity** Total AP £1.6m **2** No. of SI’s AP Total AP **£0** – Total 2020 **Social Investment 8** No. of SI’s AP **0** – No. of SI’s 2020 **£100k** – Total 2020 **by type 1** – No. of SI’s 2020 £34.3m **Equity** Total Active Portfolio (AP) **Fund** £2.3m **12** No. of SI’s 2020 £15.5 Total AP **79** No. of SI’s AP Total AP **7** No. of SI’s AP **21** No. of SI’s AP **£230k** – Total 2020 **£400k** – Total **1** – No. of SI’s 2020 2020 **1** – No. of SI’s 2020 **Land Purchase Facility Loan – Secured Loan – Unsecured** £3.7m £4.2m £5.6m Total AP Total AP Total AP **8** No. of SI’s AP **11** No. of SI’s AP **19** No. of SI’s AP **£2.1m** – Total 2020 **£515k** – Total 2020 **£633k** – Total 2020 **4** – No. of SI’s 2020 **1** – No. of SI’s 2020 **4** – No. of SI’s 2020 Funding in COVID Partnership Emergency Grants **Social Investment** TASK Fund Trustees’ Report Accounts Esmée Fairbairn Foundation Annual Report and Accounts 2020 57 TASK Fund Home Overview Our Natural World A Fairer Future Creative, Confident Communities Infrastucture and New Ideas Funding in Partnership COVID Emergency Grants Social Investment TASK Fund Trustees, Report Accounts Esmée Fairbairn Foundation Annual Report and Accounts 2020 58 ## TASK Fund |**240Project**
**£5,000**
**40Tude Curing Colon Cancer**
**£5,000**
**Anne Frank Trust UK**
**£5,000**
**Art Fund**
**£15,000**
**Astley Ainslie Community**
**Trust**
**£10,000**
**Big Hearts Community Trust**
**£10,000**
**Borderline**
**£15,000**
**Britten Pears Arts**
**£20,000**
**Building Futures East**
**£2,500**
**Cambridge Literary Festival**
**£15,000**
**Campaign Against Living**
**Miserably**
**£7,000**
Overview
Home|**Canine Partners for**
**Independence**
**£5,000**
**Cathedral Music Trust**
**£15,000**
**CDP Worldwide**
**£15,000**
**Chartered Institute of**
**Ecology and Environmental**
**Management (CIEEM)**
**£5,000**
**Chipping Norton Theatre**
**Limited**
**£10,000**
**Classics for All**
**£8,000**
**Community Foundation**
**Tyne & Wear and**
**Northumberland**
**£5,000**
**Contemporary Art Society**
**£5,000**
**Copenhagen Youth Project**
**£5,000**
**Dandelion Time**
**£7,000**|**Daybreak Oxford**
**£5,000**
**Donmar Warehouse Theatre**
**£7,500**
**Dr M.E.Bradshaw’s Teesdale**
**Special Flora Research &**
**Conservation Trust**
**£5,000**
**Durham Wildlife Trust**
**£2,000**
**East London Music Group**
**£5,000**
**English Touring Opera**
**£20,000**
**Family Gateway**
**£2,500**
**Felix Project**
**£5,000**
**Food Nation**
**£3,000**
**Gardening for Disabled Trust**
**£7,000**
**Golden Triangle Learning**
**CIC**
**£10,000**|**Great Dixter Charitable**
**Trust**
**£10,000**
**Helpforce Community Trust**
**£10,000**
**Help Refugees – Prism the**
**Gift Fund**
**£5,000**
**Horatio’s Garden**
**£5,000**
**Howard League for Penal**
**Reform**
**£5,000**
**Insiders/Outsiders Arts**
**Foundation**
**£5,000**
**Institute for the future of**
**work**
**£10,000**
**Jewish Book Council**
**£5,000**
**Maggie’s Cancer Caring**
**Centres**
**£10,000**
**Multiple Sclerosis Society**
**£5,000**|**National Literacy Trust**
**£10,000**
**National Opera Studio**
**£5,000**
**National Opera Studio**
**£5,000**
**Natural History Museum**
**£5,000**
**Newton Dee Camphill**
**Community Limited**
**£5,000**
**Nordoff Robbins Music**
**Therapy**
**£5,000**
**Norfolk Wildlife Trust**
**£15,000**
**Nottinghamshire Wildlife**
**Trust**
**£15,000**
**Notting Hill Community**
**Church**
**£10,000**
**Nunsmoor Centre Trust**
**£2,000**|**Octagon Theatre Trust**
**£7,500**| |---|---|---|---|---|---| ||||||**Orchestra of the Age of**
**Enlightenment**
**£5,000**| ||||||**Originalprojects**
**£10,000**| ||||||**Oxfordshire Community**
**Churches**
**£5,000**| ||||||**Peer UK Ltd**
**£10,000**| ||||||**Petersfeld Museum**
**£5,000**| ||||||**Policy Exchange Ltd**
**£9,000**| ||||||**Porchlight**
**£6,000**| ||||||**Positive Youth Foundation**
**(PYF)**
**£15,000**| ||||||**PROPS North East**
**£15,000**| ||||||**Rainbow Home**
**£4,000**| ||Our Natural
World
A Fairer Future|Infrastucture
and New Ideas
Creative,
Confdent
Communities|Funding in
Partnership
COVID
Emergency
Grants|Social Investment
TASK Fund|Trustees’ Report
Accounts| Esmée Fairbairn Foundation Annual Report and Accounts 2020 59 ## TASK Fund |**Reducing the risk of**
**domestic abuse**
**£15,000**
**Refuge**
**£5,000**
**Refuge**
**£2,500**
**Resume Foundation**
**£5,000**
**Rippon Poetry Festival**
**£2,000**
**Rochester Cathedral Trust**
**£8,000**
**Sage Gateshead**
**£3,000**
**Salisbury Cathedral**
**£7,500**
**Salusbury World**
**£15,000**
**Science Museum**
**£5,000**
**Scotscare**
**£15,000**
Overview
Home|**Scottish Book Trust**
**£5,000**
**Scottish Chamber**
**Orchestra Ltd**
**£15,000**
**Scottish Women’s Aid**
**£12,000**
**Shelter**
**£5,000**
**Simon Community Scotland**
**£13,000**
**Somerset Wildlife Trust**
**£8,000**
**St John’s College, Cambridge**
**£12,500**
**Success 4 All CIO**
**£2,500**
**Sussex Community**
**Foundation**
**£5,000**
**Switch the Play**
**£15,000**
**Team Domenica**
**£8,000**|**Theatre Development Trust**
**£10,000**
**Theatre Development Trust**
**£15,000**
**Theatre Royal Newcastle**
**£3,000**
**The Chronicle Sunshine**
**Fund**
**£2,000**
**The Comfrey Project CIO**
**£2,500**
**The English Concert**
**£15,000**
**The English Music Festival**
**£10,000**
**The Grange Festival**
**£10,000**
**The Irene Taylor Trust**
**‘Music in Prisons’**
**£2,500**
**The Karta Initiative**
**£5,000**
**The Kensington & Chelsea**
**Foundation**
**£5,000**|**The Lawrence Centre**
**£2,500**
**The League of Friends of**
**Bridport Hospitals**
**£2,000**
**The Legacy of War**
**Foundation**
**£2,500**
**The Matthew Elvidge Trust**
**£2,500**
**The Old Vic Theatre Trust**
**2000**
**£7,500**
**The Playground Theatre**
**£3,000**
**The Rambert School of**
**Ballet and Contemporary**
**Dance**
**£5,000**
**The Sick Children’s Trust**
**£5,000**
**The Social Bite Fund**
**£15,000**
**The Stroke Association**
**£5,000**|**Tutor the Nation**
**£5,000**
**Tyneside Cinema**
**£3,000**
**University of East Anglia**
**£5,000**
**Women’s Aid Leicestershire**
**Ltd**
**£10,000**
**Worcester College**
**£15,000**
**Workplace Foundation**
**£5,000**
**WWF-UK**
**£8,000**
**Yorkshire Dales National**
**Park Authority**
**£15,000**| |---|---|---|---|---| ||Our Natural
World
A Fairer Future|Infrastucture
and New Ideas
Creative,
Confdent
Communities|Funding in
Partnership
COVID
Emergency
Grants|Social Investment
Trustees’ Report
Accounts
TASK Fund| Esmée Fairbairn Foundation Annual Report and Accounts 2020 60 Trustees, Report Home Overview Our Natural World A Fairer Future Creative, Confident Communities Infrastucture and New Ideas Funding in Partnership COVID Emergency Grants Social Investment TASK Fund Trustees, Report Accounts Esmée Fairbairn Foundation Annual Report and Accounts 2020 61 Objectives and Activities ## Achievements and Performance and Plans for Future Periods Esmée Fairbairn Foundation exists The achievements of the Foundation and operates for the public benefit. and its impact, as well as plans for Through setting its strategy and future periods, are outlined in the through its funding the Foundation Chair’s statement on page 4 and the has focused on creating social and Chief Executive’s report on pages 5 environmental impact to improve and 6. our natural world, secure a fairer future and strengthen the bonds between communities in the UK. In determining its strategy and in the administration of the Foundation generally, the Trustees have paid due regard to the guidance published by the Charity Commission under section 4 of the Charities Act 2011. ## Esmée Fairbairn Foundation’s 60th Birthday To mark Esmée Fairbairn Foundation’s 60th birthday in 2021, the Foundation has planned a series of activities. These include: - A piece of artwork commissioned to celebrate the Foundation’s work. - Tree-planting projects across the UK, which will be undertaken by the Woodland Trust and Trees for Cities. - Commissioning a number of short films. ## James Hughes-Hallett Memorial Scholarship In 2020, the Foundation contributed £700,000 to the James Hughes-Hallett Memorial Scholarship at the Courtauld Institute of Art in memory of our former Chair and Trustee. The Scholarship was launched in December 2020 and will provide financial support to individuals who face significant barriers to entering Higher Education. In October 2020, the Foundation launched its Strategic Plan 2020–25. A summary of this can be found on the Foundation’s website. The Foundation’s primary interests are A Fairer Future, Creative, Confident Communities and Our Natural World. Pages 7 to 11 give an overview of funding, a list of all grants and investments made in 2020 is outlined on pages 13 to 59. The public benefit created by the Foundation’s grant-making and social investment is demonstrated in this report through listing of grants and social investments that we have made. A Fairer Future Creative, Confident Communities Infrastucture and New Ideas Funding in COVID Partnership Emergency Grants Social Investment TASK Fund Trustees’ Report Accounts Home Overview Our Natural World Esmée Fairbairn Foundation Annual Report and Accounts 2020 62 ## Financial Review ## Financial policies The Foundation’s finance and investment policies are intended to provide long-term stability and liquidity sufficient for the financing of the Foundation’s grants and social investments while maintaining the real value of the endowment. The Foundation has an Investment Policy Statement that sets out the long-term investment objective, risk-profile, strategic asset allocation and investment restrictions as well as encompassing our policies on Responsible Investment. This is reviewed annually. The Foundation’s strategic asset allocation reflects a total-return objective without specific focus on income-generating investments. This approach means that we consider all sources of return, including interest, dividends, capital distributions from funds, and realised and unrealised gains and losses. Income alone would not usually meet all of our future spending needs. Funding targets are arrived at with consideration given to the average value of the investment portfolio, but may be adjusted to take account of need and operational capacity. Funding targets may be over or under-spent in an individual year. The Foundation’s support and governance spend is set by reference to total spend levels to ensure it remains reasonable and proportionate. All funds held by the Foundation are unrestricted and available to the Foundation to apply for the general purposes of the Foundation as set out in its governing document. The Foundation aims to achieve a total return of RPI +4% in order to meet its spending requirements. At the year-end the value of reserves held was £1,142 million. A Fairer Future ## Review of spending During 2020 the Foundation spent £57.1m (2019: £40.2m) on grantmaking and social investment. Support spend was £3.0m (2019: £2.9m), or 5.0% (2019: 6.7%) of our total spend. Grant-making spend for the year was £53.5m (2019: £35.8m). Social investments committed to in 2020 were £4.0m (2019: £6.2m) across 12 investments (2019: 16). Drawdowns during the year amounted to £3.6m (2019: £4.4 m). At the end of the year the Foundation’s social investment portfolio was £18.8m (2019: £17.3m), with an additional £6.7m (2019: 6.8m) committed but not yet drawn. The draw down limit for our social investment portfolio is £45 million. Creative, Confident Communities Infrastucture and New Ideas Markets fell sharply in the first quarter of 2020 as the coronavirus pandemic led to lockdowns and changes to society not seen for generations. Many governments responded with unprecedented stimulus packages to support their economies and government debt levels ballooned. Markets appeared to be taking the view that interest payments on this debt will be manageable for the foreseeable future and stock markets rallied over the summer. Further strong performance followed in the fourth quarter on news that a number of COVID vaccines had received regulatory approval. ## Investment review The market value of the Foundation’s investments at the end of 2020 was £1.172 billion (2019: £1.106 billion), an increase of £65.6 million after spending. The portfolio’s total return of 12.0% in 2020 (2019: 10.4%) compared to the Foundation’s longterm investment objective (RPI+4%) which was up 5.2% during the year (versus 6.3% in 2019). |of 12.0% in 2020 (2019: 10.4%)
compared to the Foundation’s long-
term investment objective (RPI+4%)
which was up 5.2% during the year
(versus 6.3% in 2019).|
economies and government debt
levels ballooned. Markets appeared
to be taking the view that interest
payments on this debt will be
manageable for the foreseeable
ft d tk kt llid| |---|---| |Looking back over one year, three
years, fve years and since inception,
the performance on an annualised
basis of the portfolio against our
long-term investment objectives
is as follows:|uure an soc mares rae
over the summer. Further strong
performance followed in the fourth
quarter on news that a number of
COVID vaccines had received
regulatory approval.| |Annualised
Actual|Target return
Over/(under)| |performance over
return %|(UK RPI+4%) %
performance %| |1 year
**12.0**
3 years
**8.8**|**5.2**
**6.8**
**6.1**
**2.7**| |5 years
**9.8**|**6.6**
**3.2**| |since inception (2000)
**7.1**|**6.8**
**0.3**| Funding in COVID Social Investment Partnership Emergency Grants TASK Fund Our investment process is designed to be resilient in the face of shortterm volatility and we made no major changes to our asset allocation during the year in response to the pandemic. Our core global funds were up 11% on average, our non-core global funds up 8%, both slightly lagging their benchmarks. However, the performance of some benchmark indices, such as the S&P500 in the US, has been very concentrated in a small number of stocks, particularly those in the technology sector, where the business models of the larger companies have been very resilient in the face of the downturn. Our private investment funds rose by 21% during 2020, comfortably outperforming their benchmark, and we saw very strong cash distributions back to the foundation. A third of our endowment is in these illiquid funds and performance has been strong in recent years. Although many of the funds’ underlying businesses had strong balance sheets going into the pandemic the outlook is likely to be more uncertain in 2021. Trustees’ Report Accounts Home Overview Our Natural World Esmée Fairbairn Foundation Annual Report and Accounts 2020 63 ## Financial Review _continued_ We regularly monitor liquidity, The Foundation’s funding and particularly at times of sharp market operational costs and in sterling, the falls, and our cash levels rose during majority of our investments are not. the year, partly driven by the strong We therefore run a passive currency cash distributions from our venture hedging programme which reduces capital funds. the impact of currency fluctuations on performance and has the effect Results in any one year need to be of lifting the endowment’s effective seen in the context of progress over exposure to sterling. Results in any one year need to be seen in the context of progress over longer time horizons and we continue to look for managers with a strong team, a clear approach to stock selection and a thoughtful, long-term approach to investment. The portfolio’s asset allocation at the end of the year was as follows: ||2020 %|2019 %|Change %| |---|---|---|---| |Return Drivers|||| |Global equities|**32.6**|**29.9**|**2.7**| |Emerging equities|**3.8**|**6.6**|**(2.8)**| |Private investments|**30.8**|**29.5**|**1.3**| |Hedge funds|**10.3**|**11.2**|**(0.9)**| |Diversifers|||| |Low volatility funds|**14.0**|**16.5**|**(2.5)**| |Cash|||| |Investment cash|**8.1**|**5.5**|**2.6**| |Currency hedge|**0.4**|**0.8**|**(0.4)**| Home Overview Our Natural A Fairer Future World ## Responsible investment We are aware that the Foundation’s mission or its credibility may be undermined if we invest in businesses whose activities undermine our values and grant-making objectives. We are transitioning our portfolio to managers who place ESG (environmental, social and governance) considerations at the centre of their investment process. We are also planning our move to net-zero and becoming a more challenging shareholder. We avoid investing in new funds which might invest in areas that conflict directly with the outcomes of our funding and we are continually looking to upgrade our list of managers to those with a strong approach to responsible investing. We also have a £25m allocation within our endowment to funds looking to achieve enhanced ESG impact alongside financial return. This allocation is for funds which may not fit within our mainstream investments due to size, focus or risk profile. Creative, Infrastucture and New Ideas Confident Communities We aim to be proactive asset owners by engaging with companies on issues that are aligned with our funding priorities. We work with other foundations and investors through the Charities Responsible Investment Network and look for opportunities to promote corporate behaviour which is in the interests of long-term shareholders. Examples include becoming joint signatories to an initiative asking global food producers to focus on sustainability in their sourcing practices and another initiative asking corporates to commit to renewable energy sources over time. The Foundation is a signatory to the United Nations’ Principles for Responsible Investment (UNPRI) and to the UK Funder Commitment on Climate Change. We are one of a growing number of foundations who recognize that the growing climate emergency is a serious risk to the pursuit of our charitable aims. You can see an update on our progress towards the Funder Commitment on Climate Change’s six goals on our website: www.esmeefairbairn.org.uk/ - - - about esmee/climate change/funder - - - commitment climate change 2020 Funding in COVID Partnership Emergency Grants The necessary changes to sharply reduce emissions and to adapt to climate change bring opportunities for new industries, good jobs, a cleaner environment, and improved wellbeing, but also involve significant costs. Funders can help to bring about these changes, to ensure that everyone has access to opportunities arising from the transition to a low carbon economy, and to ensure that the costs are not disproportionately borne by those who are least able to pay. ## Risk management The Trustee Board is responsible for the oversight of the risks faced by the Foundation. The Trustee Board and Audit and Risk Committee regularly review the Foundation’s risk position, internal controls assessment and compliance with relevant statutory and finance regulations. The Foundation has a riskmanagement process designed to identify the major risks that could impact on the aims in the Foundation’s Strategic Plan. This process identifies the major risks the Foundation faces, the likelihood of occurrence, the significance of the risk, and any mitigating controls that Social Investment TASK Fund are in place. It also seeks to identify any actions and resources required to manage these risks further. The Foundation’s investment activities are its main financial risk. This risk is managed, with the support of investment advisers, through: regular review of our investment policy; management of strategic asset allocation; risk measurement and reporting; independent valuation and performance reporting; diversification across a broad range of asset classes, geographies, investment managers and investment strategies; and ongoing market and manager updates and due diligence. The levels of manager concentration, currency exposure, leverage and liquidity are also key factors in managing the risks of the investment portfolio. Policies and restrictions to help manage these risks are included in the Investment Policy Statement. Trustees’ Report Accounts Esmée Fairbairn Foundation Annual Report and Accounts 2020 64 ## Structure, Governance and Management The operation of Esmée Fairbairn Foundation is governed by a Charity Commission Scheme, dated 14 January 2002, which enables the assets to be applied by the Trustees at their discretion for general charitable purposes. The Charity Commission approved an incorporation of the Trustee body on 16 June 2008 in the name of The Trustees of Esmée Fairbairn Foundation. The Foundation is a charity registered in England and Wales, number 200051. ## Trustee Board The Foundation’s Trustees are listed on page 80 of this report. The Trustee Board meets six times each year to set and oversee the delivery of the Foundation’s strategy. A number of Trustee committees support the work of the Foundation throughout the year. The Foundation has a clear organisational structure with documented lines of authority and delegation, which is reviewed regularly by the Audit and Risk Committee and the Trustee Board. The Foundation also has segregation of duties with regard to governance, management, grant-making, social investments, finance and investment. Procedures are in place for documenting decisions, actions and issues. An induction programme is put in place for new Trustees. A Fairer Future Audit and Risk Committee The Audit and Risk Committee reviews and recommends to the Trustee Board systems of internal control on financial and governance issues and oversees risk management. It also reviews the draft Annual Report and Accounts and meets with the Foundation’s external auditors. Finance and Administration Committee The Finance and Administration Committee reviews and recommends to the Trustee Board annual budgets, staff remuneration and benefits. It also oversees major property, IT, governance and other projects. The salaries of the senior management team are set by the Finance and Administration Committee and includes reference to peers and other comparators. Creative, Infrastucture and New Ideas Confident Communities ## Investment Committee The Investment Committee formulates investment policy, oversees its implementation, manages overall asset allocation, monitors investment performance and reports to the Trustee Board. Nominations Committee The Nominations Committee makes recommendations to the Trustee Board on the appointment of new Trustees. ## Funding decisions An Executive Committee takes decisions on grants up to £60,000. An Approvals Committee, comprising Trustee and Executive members, takes decisions on grants and awards up to £200,000 and social investments up to £400,000. All decisions on grants and awards over £200,000 and social investments over £400,000 go to the Trustee Board. Funding in COVID Social Investment Partnership Emergency Grants TASK Fund Trustees’ Report Accounts Home Overview Our Natural World Esmée Fairbairn Foundation Annual Report and Accounts 2020 65 ## Statement of Trustees’ Responsibilities In respect of the Trustees’ Annual Report and the financial statements Under charity law, the trustees are responsible for preparing a Trustees’ Annual Report and financial statements in accordance with applicable law and regulations. The trustees are required to prepare the charity financial statements in accordance with UK Accounting Standards, including FRS 102 _The Financial Reporting Standard applicable in the UK and Republic of Ireland._ The charity’s financial statements are required by law to give a true and fair view of the state of affairs of the charity and its incoming resources and application of resources for that period. In preparing these financial statements, generally accepted accounting practice entails that the trustees: - select suitable accounting policies and then apply them consistently; - make judgements and estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards and the Statement of Recommended Practice have been followed, subject to any material departures disclosed and explained in the charity financial statements; - state whether the charity financial statements comply with the Scheme rules, subject to any material departures disclosed and explained in the financial statements; - assess the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern; and - use the going concern basis of accounting unless they either intend to liquidate the charity or to cease operations or have no realistic alternative but to do so. A Fairer Future The trustees are required to act in The trustees are responsible for accordance with the Scheme rules of the maintenance and integrity of the charity, within the framework of the financial and other information trust law. They are responsible for included on the charity’s website. keeping accounting records which are Legislation in the UK governing the sufficient to show and explain the preparation and dissemination of charity’s transactions and disclose at financial statements may differ from any time, with reasonable accuracy, legislation in other jurisdictions. the financial position of the charity at that time, and to enable the trustees to ensure that, where any statements of accounts are prepared by them under section 132(1) of the Charities Act 2011, those statements of Sir Jonathan Phillips accounts comply with the Chair requirements of regulations under 27 April 2021 that provision. They are responsible 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, and have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the charity and to prevent and detect fraud and other irregularities. Creative, Infrastucture and New Ideas Confident Communities Funding in COVID Partnership Emergency Grants Social Investment TASK Fund Accounts Home Overview Our Natural World Trustees’ Report Esmée Fairbairn Foundation Annual Report and Accounts 2020 66 ## Independent Auditor’s Report to the Trustees of Esmée Fairbairn Foundation ## Opinion ## Basis for opinion We have audited the financial We have been appointed as auditor statements of Esmée Fairbairn under section 144 of the Charities Foundation (“the charity”) for the year Act 2011 (or its predecessors) and ended 31 December 2020 which report in accordance with regulations comprise the Statement of Financial made under section 154 of that Act. Activities, Balance Sheet, Cash Flow We conducted our audit in Statement and related notes, including accordance with International the accounting policies in note 1. We conducted our audit in accordance with International Standards on Auditing (UK) (“ISAs (UK)”) and applicable law. Our responsibilities are described below. We have fulfilled our ethical responsibilities under, and are independent of the charity in accordance with, UK ethical requirements including the FRC Ethical Standard. We believe that In our opinion the financial statements: - give a true and fair view of the state of the charity’s affairs as at 31 December 2020 and of its incoming resources and application of resources for the year then ended; the audit evidence we have obtained is a sufficient and appropriate basis for our opinion. - have been properly prepared in accordance with UK accounting standards, including FRS 102 _The Financial Reporting Standard applicable in the UK and Republic of Ireland_ ; and - have been prepared in accordance with the requirements of the Charities Act 2011. A Fairer Future ## Going concern The trustees have prepared the financial statements on the going concern basis as they do not intend to liquidate the charity or to cease their operations, and as they have concluded that the charity’s financial position means that this is realistic. They have also concluded that there are no material uncertainties that could have cast significant doubt over their ability to continue as a going concern for at least a year from the date of approval of the financial statements (“the going concern period”). In our evaluation of the trustees’ conclusions, we considered the inherent risks to the charity’s business model and analysed how those risks might affect the charity’s financial resources or ability to continue operations over the going concern period. Creative, Infrastucture and New Ideas Confident Communities Our conclusions based on this work: Fraud and breaches of laws and regulations – ability to detect - we consider that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate; _Identifying and responding to risks of material misstatement due to fraud_ To identify risks of material misstatement due to fraud (“fraud risks”) we assessed events or conditions that could indicate an incentive or pressure to commit fraud or provide an opportunity to commit fraud. Our risk assessment procedures included: - we have not identified, and concur with the trustees’ assessment that there is not, a material uncertainty related to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for the going concern period. - Enquiring of directors, the audit committee and inspection of policy documentation as to the Charity's high-level policies and procedures to as - prevent and detect fraud as well whether they have knowledge of any actual, suspected or alleged fraud. However, as we cannot predict all future events or conditions and as subsequent events may result in outcomes that are inconsistent with judgements that were reasonable at the time they were made, the above conclusions are not a guarantee that the charity will continue in operation. - Reading Trustees’ meetings, investment committee strategy meetings and audit and risk committee meetings minutes. - Considering remuneration incentive schemes and performance targets for management. Funding in COVID Social Investment Partnership Emergency Grants TASK Fund We communicated identified fraud risks throughout the audit team and remained alert to any indications of fraud throughout the audit. As required by auditing standards, and taking into account our overall knowledge of the control environment, we perform procedures to address the risk of management override of controls, in particular the risk that management may be in a position to make inappropriate accounting entries. On this audit we do not believe there is a fraud risk related to revenue recognition because the revenue is non-judgmental and straightforward, with limited opportunity for manipulation. We did not identify any additional fraud risks. We performed procedures including identifying journal entries to test based on risk criteria and comparing the identified entries to supporting documentation. These included those posted by senior finance management/ those posted and approved by the same user/ those posted to unusual accounts. Trustees’ Report Accounts Home Overview Our Natural World Esmée Fairbairn Foundation Annual Report and Accounts 2020 67 ## Independent Auditor’s Report _continued_ _Identifying and responding to risks of material misstatement due to non-compliance with laws and regulations_ We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial and sector experience ,and through discussion with management (as required by auditing standards) and discussed with management the policies and procedures regarding compliance with laws and regulations. Firstly, the Charity is subject to laws and regulations that directly affect the financial statements including financial reporting legislation (including related companies legislation), taxation legislation and the Charities Act legislation and we assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items. Secondly, the Charity is subject to many other laws and regulations where the consequences of noncompliance could have a material effect on amounts or disclosures in the financial statements, for instance through the imposition of fines or litigation or the loss of the Charity’s license to operate. We identified the following areas as those most likely to have such an effect: health and safety, anti-bribery, employment law, data protection, anti-money laundering and specific areas of regulatory capital and liquidity and certain aspects of company legislation recognising the nature of the Charity’s activities. We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit. The potential effect of these laws and regulations on the financial statements varies considerably. Home Overview Our Natural World A Fairer Future Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of management, inspection of regulatory and legal correspondence, if any. Therefore, if a breach of operational regulations is not disclosed to us or evident from relevant correspondence, an audit will not detect that breach. _Context of the ability of the audit to detect fraud or breaches of law or regulation_ Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. Creative, Infrastucture and New Ideas Confident Communities Our responsibility is to read the In addition, as with any audit, there remained a higher risk of nondetection of fraud, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. Our audit procedures are designed to detect material misstatement. We are not responsible for preventing non-compliance or fraud and cannot be expected to detect non-compliance with all laws and regulations. other information and, in doing so, consider whether, based on our financial statements audit work, the information therein is materially misstated or inconsistent with the financial statements or our audit knowledge. We are required to report to you if: - based solely on that work, we have - identified material misstatements in the other information; or - in our opinion, the information given in the Trustees’ Annual Report is inconsistent in any material respect with the financial statements. ## Other information The trustees are responsible for the other information, which comprises the Trustees’ Annual Report; Overview and Funding. Our opinion on the financial statements does not cover the other information and, accordingly, we do not express an audit opinion or, except as explicitly stated below, any form of assurance conclusion thereon. We have nothing to report in these respects. Funding in COVID Social Investment Partnership Emergency Grants TASK Fund Matters on which we are required to report by exception Under the Charities Act 2011 we are required to report to you if, in our opinion: - the charity has not kept sufficient accounting records; or - the financial statements are not in agreement with the accounting records; or - we have not received all the - information and explanations we require for our audit. We have nothing to report in these respects. Trustees’ Report Accounts Esmée Fairbairn Foundation Annual Report and Accounts 2020 **68** ## Independent Auditor’s Report _continued_ Trustees’ responsibilities Auditor’s responsibilities As explained more fully in their Our objectives are to obtain statement set out on page 65, the reasonable assurance about whether trustees are responsible for: the the financial statements as a whole preparation of financial statements are free from material misstatement, which give a true and fair view; such whether due to fraud or error, and internal control as they determine is to issue our opinion in an auditor’s necessary to enable the preparation report. Reasonable assurance is a of financial statements that are free high level of assurance, but does from material misstatement, whether not guarantee that an audit due to fraud or error; assessing the conducted in accordance with ISAs charity’s ability to continue as a going (UK) will always detect a material concern, disclosing, as applicable, misstatement when it exists. matters related to going concern; Misstatements can arise from fraud and using the going concern basis of or error and are considered material accounting unless they either intend if, individually or in aggregate, they to liquidate the charity or to cease could reasonably be expected to operations, or have no realistic influence the economic decisions alternative but to do so. of users taken on the basis of the financial statements. A fuller description of our responsibilities is provided on the FRC’s website at www.frc.org.uk/ auditorsresponsibilities. A Fairer Future The purpose of our audit work and to whom we owe our responsibilities Thomas Brown for and on behalf of KPMG LLP, Statutory Auditor 27 April 2021 This report is made solely to the charity’s trustees as a body, in accordance with section 144 of the Charities Act 2011 (or its predecessors) and regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and its trustees, as a body, for our audit work, for this report, or for the opinions we have formed. Chartered Accountants 15 Canada Square London E14 5GL KPMG LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006 Creative, Infrastucture and New Ideas Confident Communities Funding in COVID Social Investment Partnership Emergency Grants TASK Fund Accounts Home Overview Our Natural World Trustees’ Report Esmée Fairbairn Foundation Annual Report and Accounts 2020 **69** ## Statement of Financial Activities ## Balance Sheet ## For the year ended 31 December 2020 ## At 31 December 2020 |Notes
2020
2019
£’000
£’000
Unrestricted
Unrestricted
Income and endowments from:
Investments
2
4,363
6,904
Other
2
427
946
Total
4,790
7,850
Expenditure on:
Raising funds
3, 5
3,299
3,316
Charitable activities
4,5
56,528
38,656
Total
59,827
41,972
Netgains on investments
9
126,391
107,804
Net income
71,354
73,682
Net movement in funds
71,354
73,682
Funds at 1January
1,071,000
997,318
Funds at 31 December
15
1,142,354
1,071,000
The notes on pages 71 to 79 form part of these accounts.
The Foundation has no recognised gains or losses other
than the net movement in funds for the year
The net income and resulting net movement
in funds in each of the fnancial years are from
continuing operations.|Notes
2020
2019
£’000
£’000
Unrestricted
Unrestricted| |---|---| ||Fixed assets
Tangible assets
8
292
241
Investments
9
1,171,679
1,106,088
Social investments
10
18,802
17,337| ||Total fxed assets
1,190,773
1,123,666| ||Current assets
Debtors
11
195
13
Cash at bank and in hand
2,817
1,669| ||Total current assets
3,012
1,682| ||Creditors:Amounts fallingdue within oneyear
12
(30,507)
(29,080)| ||Net current liabilities
(27,495)
(27,398)| ||Total assets less current liabilities
1,163,278
1,096,268
Creditors:Amounts falling due after more than one year
13
(20,854)
(25,198)
Provisions:for liabilities
14
(70)
(70)| ||Total net assets
15
1,142,354
1,071,000| ||The notes on pages 71 to 79 form part of
these accounts.
Signed in the name and on behalf of The Trustees of
Esmée Fairbairn Foundation:| The accounts were approved and authorised for issue by the Trustee Board on 27 April 2021. Sir Jonathan Phillips Chairman Our Natural World A Fairer Future Creative, Infrastucture and New Ideas Confident Communities Funding in COVID Partnership Emergency Grants Social Investment TASK Fund Trustees’ Report Accounts Home Overview Esmée Fairbairn Foundation Annual Report and Accounts 2020 70 ## Cash Flow Statement ## For the year ended 31 December 2020 |||Notes|2020|2019| |---|---|---|---|---| ||||£’000|£’000| |Net cash used in operating activities||18|(63,849)|
(43,812)| |Cash fows from investing activities||||| |Income from investments|||4,363|
6,904| |Sale of investments|||372,985|213,086| |Purchase of investments|||(281,638)|(133,402)| |Increase in investment cash|||(24,813)|
(34,674)| |(Increase)/decrease in other investment balances|||(9,377)|
844| |Cash infow/(outfow) on derivative fnancial instruments|||3,643|
(7,521)| |Purchase of tangible fxed assets|||(163)|(115)| |Net cash provided by investing activities|||65,000|
45,122| |Cash fows from fnancing activities||||| |Cash outfow to fnance lease commitments|||(3)|(4)| |Net cash used in fnancing activities|||(3)|
(4)| |Change in cash in the year|||1,148|
1,306| |Cash brought forward|||1,669|
363| |Cash carried forward|||2,817|
1,669| The notes on pages 71 to 79 form part of these accounts. Home Overview Our Natural World A Fairer Future Creative, Infrastucture and New Ideas Confident Communities Funding in COVID Partnership Emergency Grants Social Investment TASK Fund Trustees’ Report Accounts Esmée Fairbairn Foundation Annual Report and Accounts 2020 71 ## Notes to the accounts 1. Basis of accounting and accounting policies ## Legal status The Foundation is a charity registered in England and Wales, number 200051. The operation of Esmée Fairbairn Foundation is governed by a Charity Commission Scheme, dated 14 January 2002, which enables the assets to be applied by the Trustees at their discretion for general charitable purposes. The Charity Commission approved an incorporation of the Trustee body on 16 June 2008 in the name of The Trustees of Esmée Fairbairn Foundation. ## Basis of accounting The accounts 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 Charities Act 2011 and UK Generally Accepted Practice as it applies including update bulletin 1 applicable from 1 January 2016 and update bulletin 2 applicable from 1 January 2019. The accounts have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. The Foundation meets the definition of a public benefit entity under FRS 102. Judgements made by the Trustees, in the application of these accounting policies that have significant effect on the financial statements and estimates with a significant risk of material adjustment in the next year are deemed to be in relation to the valuation of investments and are discussed below. The Trustees are satisfied that the Foundation has sufficient reserves and liquidity within the investment portfolio to continue as a going concern for the next 12 months from the date of approval of these financial statements. Cash flow forecasts are regularly prepared; assets within the investment portfolio can be liquidated to Our Natural A Fairer Future World meet short term requirements. The Trustees are satisfied that the Foundation’s ability to continue operating throughout COVID with minimal disruption to operations, and that the Foundation’s capacity to continue as a going concern will not be effected under the current pandemic scenario. ## Incoming resources Incoming resources are recognised in the Statement of Financial Activities in the period in which the Foundation becomes entitled to receipt. Dividend income and related tax credits are recognised from the ex-dividend date when they become receivable. ## Resources expended Direct costs of generating funds, charitable activities and support costs are charged to the relevant category or activity according to the area to which the expenditure relates. Support costs incurred that relate to more than one cost category are apportioned based on the number of full-time equivalent staff allocated to that activity. Creative, Infrastucture and New Ideas Confident Communities Grants are recognised as expenditure in the year in which they are approved and such approval has been communicated to the recipients, except to the extent that they are subject to conditions that enable the Foundation to revoke the award. ## Pension The Foundation operates a defined contribution group personal pension scheme for employees. The assets of the scheme are held separately from those of the Foundation. The annual contributions are charged to the Statement of Financial Activities. ## Irrecoverable VAT Irrecoverable Value Added Tax (VAT) is included in the Statement of Financial Activities within the expenditure to which it relates. ## Taxation The Foundation is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable trust for UK income tax purposes. Accordingly, the charity is Funding in COVID Partnership Emergency Grants potentially exempt from UK taxation in respect of income or capital gains received within categories covered by Part 10 Income Tax Act 2007 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the Foundation. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payments is charged to the Statement of Financial Activities over the period of the lease. To the extent that the Foundation engages in overseas activity, or All other leases are operating leases. derives income from overseas, it may Operating lease annual rentals are incur a foreign tax liability depending charged to the Statement of Financial on the application of the tax Activities on a straight-line basis over legislation in the relevant jurisdiction. the term of the lease. ## Tangible fixed assets ## Investments Tangible fixed assets are included in the balance sheet at cost less accumulated depreciation. Leasehold improvements are depreciated over the term of the lease. Office and computer equipment is depreciated at between 20% and 33% per annum. Depreciation is charged on a straightline basis over the assets’ useful lives. ## _Quoted investments_ Quoted investments are stated at market value at the balance sheet date. Asset purchases and sales are recognised at date of trade. ## _Unquoted investments_ Unquoted investments are valued at the Foundation’s best estimate of fair value as follows: ## Leased assets Pooled investments are stated at fair value, the basis of fair value being the market value of the underlying investments held. These valuations Assets obtained under finance leases are capitalised as tangible fixed assets and depreciated over their useful lives. Social Investment TASK Fund Trustees’ Report Accounts Home Overview Esmée Fairbairn Foundation Annual Report and Accounts 2020 72 ## 1. Basis of accounting and accounting policies _continued_ are provided by the fund managers and are subject either to independent valuation or annual audit. Unquoted hedge funds are valued by reference to the market value of their underlying investments. These valuations are provided by the third party hedge fund administrators. Private equity investments are held through funds managed by private equity groups. As there is no identifiable market price for private equity funds, these funds are included at the most recent valuations from the private equity groups where: i. the private equity group provides a fair value that complies with the International Private Equity and Venture Capital Valuation Guidelines; or ii. the private equity group provides valuations that comply with International Financial Reporting Standards or US GAAP. Where a valuation is not available at the balance sheet date, the most recent valuation from the private equity group is used, adjusted for cashflows and foreign exchange movements and any impairment between the most recent valuation and the balance sheet date. Derivative financial instruments Derivatives are recognised in the Balance Sheet at fair value. Where the Foundation uses forward currency contracts to reduce currency exposure in its investment portfolio the fair value of these forward exchange contracts is estimated by using the gain or loss that would arise from closing the contract at the balance sheet date. Managers of segregated funds may enter into derivatives as part of their portfolio risk management, fair values of these derivatives are provided by the fund managers. ## Social Investments Social investments that are loans are accounted for at the outstanding amount of the loan less any provision for unrecoverable amounts. Unquoted equity, social investment funds and partnerships, and similar social investments are held at cost, less any provision for diminution in value, unless the Foundation is able to obtain a reliable estimate of fair value. Quoted investments are Our Natural A Fairer Future World stated at market value at the balance sheet date. Realised and unrealised gains and losses on investments Realised and unrealised gains and losses on progamme-related investments are included in ‘charitable activities’ within the Statement of Financial Activities. Realised and unrealised gains and losses on all other investment assets are included in ‘Net gains on investments’ within the Statement of Financial Activities. Realised and unrealised gains and losses on foreign exchange transactions Transactions denominated in foreign currency are translated at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currency are translated at the exchange rate ruling at the balance sheet date. All gains and losses on exchange, realised and unrealised, are included in the appropriate income or expenditure category in the Statement of Financial Activities. Creative, Confident Communities Infrastucture and New Ideas ## Provisions Provisions have been made for possible future liabilities arising from contracts entered into by the Foundation. ## Related party transactions Transactions with related parties are disclosed in the notes to these financial statements. The Foundation’s policy is for Trustees, Executive and advisers to declare their interest and exempt themselves from all relevant discussions and decisions which may involve a transaction with a related party or in which they may have a conflict of interest. Funding in COVID Social Investment TASK Fund Partnership Emergency Grants Trustees’ Report Home Overview Accounts Esmée Fairbairn Foundation Annual Report and Accounts 2020 73 ## 2. Income and endowments |2. Income and endowments||| |---|---|---| |Income from investments|2020|2019| ||£’000|£’000| |Equity investments|713|1,693| |Multi-asset investments|–|
599| |Alternative investments|2,776|
3,981| |Fixed income investments|540|65| |Investment cash and other investment balances|334|
566| |Total income from investments|4,363|
6,904| |Other income|2020|2019| ||£'000|£'000| |Bank interest|4|
7| |Income from social investments|423|
939| |Total other income|427|
946| ## 3. Expenditure on raising funds |3. Expenditure on raising funds||| |---|---|---| ||2020|2019| ||£’000|£’000| |Advisers' and custodian fees and borrowing costs|2,720|
2,737| |Direct staff and other costs|242|
248| |Support cost allocation|337|
331| |Total expenditure on raisingfunds|3,299|
3,316| Home Overview Our Natural A Fairer Future World Creative, Infrastucture and New Ideas Confident Communities ## 4. Expenditure on charitable activities |4. Expenditure on charitable activities||| |---|---|---| ||2020|2019| ||£’000|£’000| |Grant funding|53,528|
35,753| |Direct staff and other costs|1,005|
918| |Support cost allocation|1,995|
1,985| |Total expenditure on charitable activities|56,528|
38,656| Grants and Social Investments approved in the year are listed on pages 13 to 59 in the Annual Report accompanying these accounts. ## 5. Support cost allocation |5. Support cost allocation||||| |---|---|---|---|---| ||Raising|Charitable||| ||funds|activities|2020|2019| ||£’000|£’000|£’000|£’000| |Support staff costs|124|757|
881|
844| |Premises,technologyand other costs|213|1,238|
1,451|
1,472| |Total support costs|337|1,995|
2,332|
2,316| |Total support costs for theprioryear|331|1,985||| Total Trustees’ expenses of £1,891 (2019: £26,777) are included in support costs and in costs of generating funds. Expenses were reimbursed to 6 (2019: 8) Trustees during the year and were related to travel. The Trustees received no remuneration for their role as Trustee during this or the preceding year. Funding in COVID Partnership Emergency Grants Social Investment TASK Fund Trustees’ Report Accounts Esmée Fairbairn Foundation Annual Report and Accounts 2020 74 ## 6. Staff costs |6. Staff costs||| |---|---|---| ||2020|2019| ||£’000|£’000| |Salaries|1,624|
1,505| |Social security costs|186|
160| |Pension contributions|201|
188| |Other staff related costs|117|
143| |Total staff costs|2,128|
1,996| The Foundation operates a defined contribution group personal pension scheme and makes employer contributions of 12.5% when matched by a 5% employee contribution. The Foundation considers its key management personnel comprise the trustees and the senior management team. The senior management team consists of 7 (2019: 5) employees, 6.9 (2019: 4.9) on a full-time basis. The total employment benefits including employer pension contributions of the senior management team were £574,817 (2019: £464,361). The Trustees are not remunerated. The number of employees who received remuneration of more than £60,000 in the year was as follows: |The number of employees who received remuneration of more than
£60,000 in the year was as follows:||| |---|---|---| ||2020|2019| |£60,000 – £69,999|4|
3| |£70,000 – £79,999|–|
–| |£80,000 – £89,999|2|
2| |£90,000 – £99,999|–|
–| |£100,000 – £109,999|–|
–| |£110,000 – £119,999|1|
1| All the employees paid over £60,000 had employer contributions, equal to 12.5% of salary, made under the group personal pension scheme, this is consistent with the approach for all employees. ## 7. Auditor’s Remuneration The auditor’s remuneration constituted an audit fee of £59,472 (2019: £56,400) and additional tax advisory work of £13,320 (2019: £7,320). The average number of employees during the year calculated on a full-time basis was as follows: ||2020|2019| |---|---|---| |Investment management and oversight|3|
3| |Funding|26|
25| |Governance|2|
2| |Total number of employees|31|30| The average number of employees during the year calculated on a head count basis was 32 (2019: 32). A Fairer Future Creative, Infrastucture and New Ideas Confident Communities Funding in COVID Partnership Emergency Grants Social Investment TASK Fund Home Overview Our Natural World Trustees’ Report Accounts Esmée Fairbairn Foundation Annual Report and Accounts 2020 75 ## 8. Tangible fixed assets |8. Tangible fxed assets|||||| |---|---|---|---|---|---| |||||Offce and|| |||Leasehold||computer|| |||improvements||equipment|Total| |||£’000||£’000|£’000| |Cost|||||| |At 1 January 2020||527||519|
1,046| |Additions in the year||–||163|
163| |Disposals in theyear||–||–|
–| |At 31 December 2020||527||682|
1,209| |Accumulated depreciation|||||| |At 1 January 2020||527||278|
805| |Depreciation charge for year||–||112|
112| |Accumulated depreciation on disposals||–||–|
–| |At 31 December 2020||527||
390|
917| |Net book value|||||| |At 31 December 2020||–||
292|
292| |At 1January2020||–||
241|
241| ## 9. Investments |9. Investments||| |---|---|---| ||2020|2019| |i)Market value|£’000|£’000| |Equity investments|423,978|392,703| |Multi-asset investments|-|15,707| |Fixed income investments|31,462|37,298| |Alternative investments|572,228|594,125| |Money market investments|45,003|-| |Investment cash|75,578|47,515| |Other investment balances|18,921|9,544| |Derivative fnancial instruments|4,509|9,196| |Total market value of investments|1,171,679|1,106,088| Investment cash includes all cash balances managed as part of the investment portfolio. Other investment balances include collateral related to the forward currency contracts, accrued income, amounts receivable on investment sales and accrued investment costs. The Foundation has entered into commitments to invest in private equity funds and venture capital funds. At the balance sheet date outstanding commitments totalled £93.3m (2019: £99.3m). The Foundation models its cashflows based upon the original commitment. The net book value of assets held under finance leases included above is £2,569 (2019: £5,720) and the depreciation charge on these assets for the year was £3,151 (2019: £3,120). A Fairer Future Creative, Infrastucture and New Ideas Confident Communities Funding in COVID Social Investment Partnership Emergency Grants TASK Fund Home Overview Our Natural World Trustees’ Report Accounts Esmée Fairbairn Foundation Annual Report and Accounts 2020 76 ## 9. Investments _continued_ |9. Investments_continued_|||||||||| |---|---|---|---|---|---|---|---|---|---| |||Market value||||Sale||Investment|
Market value| |ii) Purchases, sales, gains||2019||Purchases||proceeds||gain/(loss)|2020| |and (losses)||£’000||£’000||£’000||£’000|£’000| |Market value|||||||||| |Equity investments||392,703||148,246||(163,006)||46,035|423,978| |Multi-asset investments||15,707||-||( 13,569)||(2,138)|-| |Fixed income investments||37,298||-||( 9,937)||4,101|31,462| |Alternative investments||594,125||88,392||(186,473)||76,184|572,228| |Moneymarket investments||-||45,000||-||3|45,003| |Total||1,039,833||281,638||(372,985)||124,185|1,072,671| |||Book cost||||Sale||Investment|
Book cost| |||2019||Purchases||proceeds||gain/(loss)|2020| |iii) Reconciliation to book cost||£’000||£’000||£’000||£’000|£’000| |Book cost and realised gains|||||||||| |Equity investments||268,520||148,246||(163,006)||27,416|281,176| |Multi-asset investments||18,686||-||(13,569)||(5,117)|-| |Fixed income investments||38,946||-||(9,937)||1,228|30,237| |Alternative investments||413,424||88,392||(186,473)||69,492|384,835| |Moneymarket investments||-||45,000||-||-|45,000| |Total book cost||739,576||281,638||(372,985)||93,019|741,248| |Market value adjustment|||||||||| |Unrealisedgains||300,257||||||31,166|331,423| |Total||1,039,833||281,638||(372,985)||124,185|1,072,671| Home Overview Our Natural A Fairer Future World Creative, Infrastucture and New Ideas Confident Communities |iv) Derivative fnancial instruments|iv) Derivative fnancial instruments|iv) Derivative fnancial instruments|||||||2020
£'000|
2019

£'000| |---|---|---|---|---|---|---|---|---|---|---| |Derivativeposition atyear end|||||||||4,509|
9,196| |Derivative fnancial instruments total netpositions|||||||||4,509|
9,196| |||||||Realised||
Unrealised||| |v) Realised and unrealised gains/||||||gain/(loss)||
gain/(loss)|2020|
2019| |(losses) on investments||||||£'000||
£'000|
£'000|
£'000| |Equity investments||||||27,416||
18,619|
46,035|
67,573| |Multi-asset investments||||||(5,117)||2,979|
(2,138)|(1,283)| |Fixed income investments||||||1,228||2,873|
4,101|
(1,128)| |Alternative investments||||||69,492||6,692|
76,184|
37,963| |Moneymarket investments||||||–||
3|
3|
–| |||||||93,019||31,166|
124,185|
103,125| |Investment cash and other investment balances||||||1,775||1,475|
3,250|
620| |Derivative fnancial instruments||||||3,643||(4,687)|(1,044)|4,059| |Totalgains on investments||||||98,437||27,954|
126,391|
107,804| |Gains in theprioryear||||||75,267||
32,537|
107,804|| Funding in COVID Partnership Emergency Grants Social Investment TASK Fund Trustees’ Report Accounts Esmée Fairbairn Foundation Annual Report and Accounts 2020 77 ## 9. Investments _continued_ |9. Investments_continued_||| |---|---|---| ||2020|
2019| |vi) UK and overseas holdings|£'000|
£'000| |Equity investments||| |Overseas listed|94,732|77,427| |Overseas unlisted|258,793|297,558| |UK listed|39,570|17,718| |UK Unlisted|30,883|–| |Multi-asset manager investments|423,978|
392,703| |Overseas unlisted|-|15,707| |Fixed income investments|–|
15,707| |Overseas listed|31,462|
37,298| |Alternative investments|31,462|
37,298| |Overseas listed|22,114|10,625| |Overseas unlisted|541,151|572,519| |UK unlisted|8,963|10,981| |Money market investments|572,228|
594,125| |Overseas listed|45,003|
–| ||45,003|
–| |Total|1,072,671|
1,039,833| ## 10. Social Investments |||Market value||
Transferred||Drawn||||Investment|
Market value| |---|---|---|---|---|---|---|---|---|---|---|---| |||2019||||||Repaid||gain/ (loss)|2020| |||£'000||
£'000||
£'000||
£'000||
£'000|
£'000| |Market value|||||||||||| |Equity investments||1,643||
20||
230||
–||
–|
1,893| |Fixed income investments||8,896||
(2,923)||
1,840||
(290)||(145)|
7,378| |Alternative investments||6,798||2,903||1,542||(1,698)||(14)|9,531| |||17,337||
–||3,612||(1,988)||(159)|18,802| Reconciliation of book cost to market value has not been disclosed as the market value of the portfolio is not materially different from cost. Alternative investments comprise land and property, social investment funds and partnerships, quasi-equity investments and social impact bonds. At the year end £6.7m (2019: £6.8m) of social investment had been committed but remained undrawn, and a further £3.1m (2019: £3.8m) was approved subject to agreement of terms, making a total promised of £9.8m (2019: £10.6 million). Social Investments approved in the year are listed on page 55 in the Annual Report accompanying these accounts. Domicile of investment holdings is determined by the place of listing of the fund vehicle not of the underlying securities held therein. A Fairer Future Creative, Confident Communities Infrastucture and New Ideas Funding in COVID Partnership Emergency Grants Social Investment TASK Fund Home Overview Our Natural World Trustees’ Report Accounts Esmée Fairbairn Foundation Annual Report and Accounts 2020 78 ## 11. Debtors |11. Debtors||||| |---|---|---|---|---| |||2020|2019|| |||£’000|£’000|| |Prepayments and other debtors||195|13|| |As at 31 December||195|13|| |12. Creditors: amounts falling due within one year||||| |||2020|2019|| |||£’000|£’000|| |Grant commitments||30,314|28,814|| |Accruals||158|260|| |Trade and other creditors||33|3|| |Commitments due under fnance leases||2|3|| |As at 31 December||30,507|29,080|| |13. Creditors: amounts falling due after one year||||| |||2020|2019|| |||£’000|£’000|| |Grant commitments||20,854|
25,196|| |Commitments due under fnance leases||–|
2|| |As at 31 December||20,854|
25,198|| Creative, Infrastucture and New Ideas Confident Communities A Fairer Future ## 14. Provisions |14. Provisions||| |---|---|---| ||2020|2019| ||£’000|£’000| |As at 1 January|70|
70| |Charge for theyear|-|-| |As at 31 December|70|
70| |The provision relates to possible future liabilities arising from contracts entered into by||| |the Foundation.||| |15. Reserves||| ||2020|2019| ||£’000|£’000| |As at 1 January|1,071,000|
997,318| |Net income|71,354|
73,682| |Net movement in funds in theyear|71,354|
73,682| |As at 31 December|1,142,354|
1,071,000| All funds held by the Foundation are unrestricted and available to the Foundation to apply for the general purposes of the Foundation as set out in its governing document. Funding in COVID Partnership Emergency Grants Social Investment TASK Fund Home Overview Our Natural World Trustees’ Report Accounts Esmée Fairbairn Foundation Annual Report and Accounts 2020 79 ## 16. Operating leases At year end the Foundation had lease agreements in respect of property for which payments extend over a number of years. |
extend over a number of years.||| |---|---|---| |Total future minimum lease payments under non-cancellable operating leases for|2020|2019| |each of the following periods:|£’000|£’000| |Not later than one year;|661|
661| |Later than oneyear and not later than fveyears|897|
1,556| |Total future minimum lease payments under||| |non-cancellable operatingleases|1,558|
2,217| ## 17. Related party transactions ## 18. Reconciliation of net income to cash flow from operating activities ||2020|2019| |---|---|---| ||£’000|£’000| |Net income for the reporting period|71,354|
73,682| |Depreciation charge for the year|112|
100| |Gains on investments|(126,391)|(107,804)| |Income from Investments|(4,363)|(6,904)| |(Increase)/decrease in debtors|(182)|172| |Decrease in creditors|(2,914)|(2,797)| |Cash outfow to social investments|(3,612)|(4,449)| |Cash infow from social investments|1,988|
3,599| |Increase in social investmentsprovisions|159|
589| |Net cash used in operatingactivities|(63,849)|(43,812)| There were no related party transactions during the year or in the prior year. A Fairer Future Creative, Infrastucture and New Ideas Confident Communities Funding in COVID Partnership Emergency Grants Social Investment TASK Fund Trustees’ Report Accounts Home Overview Our Natural World Esmée Fairbairn Foundation Annual Report and Accounts 2020 80 ## Trustees, Senior Management Team, Committees and Advisers Trustees Senior Management Team Committees Sir Jonathan Phillips Dame Caroline Mason CBE Audit and Risk Committee Chair Chief Executive Professor David Hill CBE Professor Claire Alexander James Wragg Chair (from 01/01/2021) Chief Operating Officer John Fairbairn Edward Bonham Carter Matt Cox Dame Stella Manzie CBE Investment Director Tom Chandos Gina Crane Finance and Administration Joe Docherty Director of Communications Committee Flora Fairbairn and Learning Sir Jonathan Phillips John Fairbairn Liam McAleese Chair Director – Our Natural World Beatrice Hollond Tom Chandos John Mulligan Professor David Hill CBE Beatrice Hollond Director – A Fairer Future and Creative, Confident Communities Kate Lampard CBE Sharon Shea Dame Stella Manzie CBE Director of Portfolio Eleanor Updale _A full list of staff can be found_ Dr Wanda Wyporska _on the website._ Investment Committee Beatrice Hollond Chair Tom Chandos Edward Bonham Carter Joe Docherty Dame Caroline Mason CBE Peter Readman (external) Nominations Committee Sir Jonathan Phillips Chair Edward Bonham Carter John Fairbairn Kate Lampard CBE Investment Advisers Advisers Auditor KPMG LLP 15 Canada Square London E14 5GL Cambridge Associates Ltd Cardinal Place 80 Victoria Street London SW1E 5JL Custodian Solicitors JPMorgan Chase Bank, N.A. Berwin Leighton Paisner 25 Bank Street Adelaide House Canary Wharf London Bridge London E14 5JP London EC4R 9HA Veale Wasbrough Vizards LLP 24 King William Street London EC4R 9AT Bankers Royal Bank of Scotland plc London Victoria (A) Branch 119/121 Victoria Street London SW1E 6RA (from 01/01/2021) A Fairer Future Creative, Confident Communities Infrastucture and New Ideas Funding in Partnership COVID Emergency Grants Social Investment TASK Fund Trustees’ Report Accounts Home Overview Our Natural World Esmée Fairbairn Foundation Annual Report and Accounts 2020 81 ## Our History In 1961 Ian Fairbairn, a leading City figure, decided to endow a charitable foundation with the bulk of his holdings in M&G, the company he had joined some 30 years before. M&G was a pioneer of the unit trust industry in the UK. It grew out of Ian Fairbairn’s determination that investments in equities, previously the preserve of the affluent, should be available to all – giving everyone the potential to own a stake in the nation’s economy. His purpose in establishing the Foundation was two-fold. In the interests of wider prosperity, he aimed to promote a greater understanding of economic and financial issues through education. He also wanted to establish a memorial to his wife, Esmée, who had played a prominent role in developing the Women’s Royal Voluntary Service and the Citizens Advice Bureau. She was killed in an air-raid during the Second World War. Prior to Ian’s death in 1968 he indicated that the Foundation should support a broad range of charitable purposes. Funding in COVID Partnership Emergency Grants Esmée Fairbairn’s sons, Paul and Oliver Stobart, also contributed generously to the Foundation established in their mother’s memory. In 1999 the Foundation sold its holding in M&G as part of the company’s takeover by the Prudential Corporation plc. As a result, the Foundation’s endowment grew significantly in value as did the size and scope of the grants it was able to make. Today, Esmée Fairbairn Foundation is one of the largest independent funders in the UK. Social Investment TASK Fund Trustees’ Report Home Overview Our Natural World Creative, Confident Communities Infrastucture and New Ideas A Fairer Future Accounts Esmée Fairbairn Foundation Annual Report and Accounts 2020 82 ## Photo credits ## Esmée Fairbairn Foundation Kings Place 90 York Way London N1 9AG T 020 7812 3700 F 020 7812 3701 E info@Esméefairbairn.org.uk www.esmeefairbairn.org.uk Registered charity 200051 Cover Company Three © Camilla Page 28 The Fawcett Society Greenwell 2020; AdobeStock; © Caroline Nokes MP, Equal Pay Bumblebee Conservation Trust campaign mask; © The Women’s © Pieter Haringsma; Curious Monkey Budget Group © Mark Slater; Royal Society for the Page 29 Rural Media © Esther Pandeli Protection of Birds (RSPB) © Ben Andrew; Hubbub © Ben Wilken; Page 30 Disability Arts Online FFCC © Greg Funnell; © Onion © Carrie Ravenscroft Collective; Theatre Absolute © Andrew Moore; © Repowering Page 31 © Graeae Theatre Company, London; Effervescent Social Alchemy Illustration by Kerry Hyndman © Graham Roberts, 23, and Marti Page 32 Company Three © Camilla Guiver, 22, London. Greenwell 2020 Page 10 Hubbub © Ben Wilken Page 33 Effervescent Social Alchemy © Graham Roberts, 23, and Marti Page 16 Royal Society for the Protection of Birds (RSPB) © Ben Guiver, 22, London. Andrew Page 36 Restoke C.I.C. Page 18 FFCC © Greg Funnell; FFCC © Greg Funnell; © Jenny Haper © AdobeStock Page 38 © Arts & Homelessness Page 20 © Project X Global © Project X Global International Page 25 Curious Monkey Curious Monkey Page 53 © Onion Collective Page 18 FFCC © Greg Funnell; FFCC © Greg Funnell; © AdobeStock Page 20 © Project X Global © Project X Global Page 25 Curious Monkey Curious Monkey © Mark Slater Page 27 © RefuAid Design: Steers McGillan Eves Home Overview Our Natural A Fairer Future World Creative, Confident Communities Infrastucture and New Ideas Funding in Partnership COVID Emergency Grants Social Investment TASK Fund Trustees’ Report Accounts