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|GRANTS COMMITTED|FY2021|FY2020|Average grant<br>size FY2021|Average grant<br>size FY2020|
|---|---|---|---|---|
|Mein grants (Trustees)|81.108m (28)|51.090m (32)|f39.6k|f34k|
|Small grants|816,480 (7)|f11,450 (3)|f2.3k|f3.8k|
|Step Change|f15,860(4)|Not previously<br>shown separately|f3.9k|Not previously<br>shown separately|
|TOTAL|F1,139,940(39)|f1.101m (35)|f29.2k|f31.5k|





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## 

|||||||Expendable|Restricted|General|Total|Total|
|---|---|---|---|---|---|---|---|---|---|---|
||||||Notes|endowment||unrestricted|2021|2020|
|Income|||||||||||
|Investment<br>income||||||||454,753|454,753|530,845|
|Donation||||||||||46,600|
|Transfer to income||||||-744607||744 607|||
|Total income||||||-744607||I 199,360|454 753|577,445|
|Expendaura|||||||||||
|Costs ofraising funds|||||||||||
|Investment<br>management||costs|||4|-260 825||6,447|-254378|-185080|
|Expenditure<br>on charitable||activities|||||||||
|Grant making|||||||||||
|Grants committed|||||5/23|||-1,139,940|-1,139,940|-1,101,250|
|Grant commitments|cancelled||||5/23|||1,039|1,039|45,000|
|Grant related support/governance|||costs||5/6/7|||-158,319|-158,319|-158,257|
|Social Investment<br>related||support/governance||costs|6||||||
|||||||||-1,301,865|-1,301,865|-1.214,507|
|Total expenditure||||||-260825||-1 295418|-1 556243|-I 399587|
|Net expenditure|||||8|-1,005432||-96,058|-1 101490|-822,142|
|Net gains on Investments|||||13|4,053,940|||4,053,940|4,085,500|
|Transfers<br>between|funds||||||||||
|Net movement<br>in funds||||||3,048,508||-96,058|2,952,450|3,263,358|
|Reccnci/istic n oifunds|||||||||||
|Total funds brought|forward|||||38,549,162|45000|-1022673|37571 489|34 308 131|
|Total funds carried|forward||||||||||








## 

## 

||||||Total Funds|Total Funds|
|---|---|---|---|---|---|---|
|||||Notes|2021|2020|
||||||2||
|Net cash used in operating|activities|||21|-1,375,618|-1,331,052|
|Cash flows from investing<br>activities:|||||||
|Dividends<br>and interest|||||455,693|557,121|
|Net proceeds from sale/purchase<br>of||investments|||-180,247|661,324|
|Net cash used by investing|activities||||275,446|1,218,445|
|Change<br>In cash and cash|equivalents||in the year||-1,100,172|-112,607|
|Cash and cash equivalents|brought|forward|||1,667,130|1,401,614|
|Change<br>in cash and cash equivalents||due to|||||
|exchange rate movements|||||322,089|378,123|
|Cash and cash equivalents|carried forward|||22|889,047|1,667,130|





## 



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## 



## 

## 

## 

## 

|||||2021|2020||
|---|---|---|---|---|---|---|
|2|Investment<br>income|||2|5||
||General unrestricted||||||
||Stocks and shares|||454,153|530,070||
||Bank interest|||30||213|
||Charities deposit fund interest|||25||437|
||Interest on balances|with|fund managers|182||124|
||Interest from programme||related investments|362|||
|||||454,752|530,844||
||Rental income (Brathay Trust)||||||
|||||454,753|530|845|
||Expendable<br>endowment||||||
||Interest on balances|with|fund managers||||
||Restricted fund||||||
|||||454,753|530,845||



## 

||A transfer of capital of9744,<br>for spending<br>in the year was|607was made<br>in the year (2020:96<br> 91,199,360(2020:91,163,075).|30,630).The total amount<br>of unrestricted<br>in|come available|
|---|---|---|---|---|
||||2021|2020|
|4|Investment<br>management|costs|2||
||Fund managers'<br>fees comprise:||||
||Rothschild||143,946|121,655|
||Smith &Williamson|||35|
||Sarasin||116,879|63,390|
||Schroder refunded fess||-6,447||
||||254,378|185,080|






|5|Grantmaking||||2021|2020||
|---|---|---|---|---|---|---|---|
||lhe value ofgrants to institutions|committed||in the year, including|6|2||
||cancelled grants comprises:|||||||
||General unrestricted<br>funds|||||||
||Grant commitments||||1,139,940|1,101,250||
||Grants cancelled/underspend||||-1,039|-45,000||
||Support costs (notes 6and 7)<br>Governance<br>costs (notes 6and 7)||||1,138,901<br>Q<br>125,660<br>32,659<br>158,319|1,056,250<br>129,748<br>28,509<br>158,257||
||||||1,297,220|1,214,507||
||Restricted fund|||||||
||Grant commitments|||||||
||Grants cancelled|||||||
||||||1,297,220|1,214,507||
||Full details ofthe recipients<br>are shown||in note 23.|||||
||||||2021|2020||
|||||2|2|||
||Reconcglation<br>ofgrants payable:|||||||
||Commitments<br>at beginning<br>of period||||1,386,753||1,336,396|
||Commitments<br>made<br>in the period|- general||||||
||unrestricted<br>fund|||1,139,940||1,101,250||
||Commitments<br>made<br>in the period|- restricted||fund||||
||Grants cancelled or recovered|||||-45,000||
||Grant underspend<br>vs commitment||||-1,039|||
||Grants committed<br>for the period||||1,138,901||1,056,250|
||Grants paid during the period|||-975,789||-1,034,393||
||Grant repaid|||||28,500||
||||||-975,789||-1,005,893|
||Commitments<br>at 31 December||||1,549,865||1 386753|
||Commitments<br>at 31December|||||||
||are payable as follows:|||||||
||Within one year (note 17)||||951,177||703,477|
||After more than one year (note 18)||||598,688||683,276|
||||||1,549,865||1 386753|





## 



## 



## 

## 

## 

||2021|2020|
|---|---|---|
||2|2|
|Salaries|130,730|144,250|
|Social security costs|9,066|10,397|
|Pension costs|12,071|10,947|
||151867|165,594|



|the year|b|etween:||||
|---|---|---|---|---|---|
||||2021||2020|
||||Number||Number|
|260,000|-|269,999||1||



|Madelein|e<br>Scott is als|o a Trustee of The|SirJames and Lady|<br>Scott Trust.||
|---|---|---|---|---|---|
|||||2021|2020|
|||||2|2|
|Salaries||||151,867|125,831|
|Legal/HR/Other||||5,510|39,763|
|Staff costs||||157,377|165,594|
|Less: recharged||||-29,553|-46,192|
|Net cost|to the Francis|CScott Charitable|Trust|127,824|119,402|
|Included|in charitable|activities||108,650|100,424|
|Included|in governance|costs||19,174|18,978|
|||||127,824|119,402|





## 

## 

## 

|Statement of Financial|Activities|Activities|||||||
|---|---|---|---|---|---|---|---|---|
||||||Expendable|Restricted|General|Total|
||||||endowment||unrestricted|2020|
|Income|||||||||
|Investment<br>income|||||||530,845|530,845|
|Donation||||||45,000|1,600|46,600|
|Transfer to income|||||-630,630||630,630||
|Total income|||||-630,630|45,000|1,163,075|577,445|
|Expenditure|||||||||
|Costs ofraising funds|||||||||
|Investment<br>management|costs||||-185,080|||-185,080|
|Expenditure<br>on charitable||activities|||||||
|Grant making|||||||||
|Grants committed|||||||-1,101,250|-1,101,250|
|Grant commitments<br>cancelled|||||||45,000|45,000|
|Grant related support/governance|||costs||||-158,257|-158257|
||||||||-1,214,507|-1 214507|
|Total expenditure|||||-185080||-1 214507|-1 399587|
|Net expenditure<br>and net||movement||in funds|-815710|45000|-51 432|-822 142|
|before gains and losses||on investments|||||||
|Net gains on investments|||||4,085,500|||4,085,500|
|Transfers between funds|||||||||
|Net movement<br>in funds|||||3,269,790|45,000|-51,432|3,263,358|
|Reconciliation offunds|||||||||
|Total funds brought<br>forward|||||35,279,372||-971,241|34,308,131|
|Total funds carried forward|||||38549,162|45,000|-1,022,673|37,571,489|





## 

## 




## 

## 

|13|Investments|||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||||2|2|
||Market value at beginning|of period||||37,136,241|34,090,828|
||Acquisitions<br>at cost|||||12,260,800|25,524,919|
||Disposal proceeds|||||12,380,553|-26,186,243|
||Net gains/(losses)<br>on revaluation|||||3,731,851|3,706,737|
||Market value at end of period|||||40,748,339|37,136,241|
||Uninvested<br>cash and settlements||pending|—endowment|account|424,331|1,287,921|
|||||||41,172,670|38,424,162|



|and disposal<br>of all investments<br>for the year amounted<br>to<br>Investments<br>at market value comprise|24,053,940(2020:24,085,500).||
|---|---|---|
||2021|2020|
||2|2|
|Equities|31,657,008|29,185,438|
|Fixed income|4,944,239|4,909,267|
|Hedge funds|2,102,333|1,355,833|
|Alternative|2,097,966|1,012,506|
|Other|53,207|673,197|
|Property|||
||40,748,339|37,136,241|
|Historical cost at end of period|33,977,748|33,273,929|





## 

|14|Programme|related investments|related investments|related investments|related investments|2021|2020|
|---|---|---|---|---|---|---|---|
|||||||2|8|
||Investments||at cost|||||
||Cost less impairment|||at 1|January|||
||Additions<br>at cost|||||300,000||
||Losses and impairment|||||||
||Disposals and||repayments|||||
||Cost less impairment|||at 31 December||300,000||
||Investments||comprise the following:|||||
||Debt|||||300,000||
||Total|||||300,000||
|15|Debtors|||||2021|2020|
||General unrestricted|||funds||||
||Prepayments||and accrued||income|6,010|16,934|
||Other debtors|||||12,760|25,233|
|||||||18,770|42,167|
||Expendable|endowment|||funds|||
||Other debtors|||||||
|||||||18,770|42,167|
|16|Cash|||||2021|2020|
||||||||F|
||General unrestricted|||funds||||
||COIF|||||51,646|201,612|
||Fund managers|||||80,954|63,043|
||Cash at banks|||||286,918|69,544|
||Petty cash|||||198|10|
|||||||419,716|334,209|
||Restricted fund|||||||
||COIF|||||45,000|45,000|
|||||||464,716|379,209|





## 

## 

|17|Creditors: Amounts|falling due within one year|falling due within one year|2021|2020|
|---|---|---|---|---|---|
|||||2|2|
||General unrestricted|funds||||
||Grants payable<br>(note|5)||951,177|703,477|
||Accruals|||7,352|12,296|
|||||958,529|715,773|
||Expendable<br>endowment||funds|||
||Accruals|||||
||Restricted fund|||||
||Grants payable (note|5)||||
|||||958,529|715,773|
|||||2021|2020f|
||Grant commitments|due|within one year|||
||General<br>unrestricted|funds||951,177|703,477|
||Restricted<br>fund|||||
|||||951,177|703,477|
|18|Creditors:<br>Amounts|falling due after more than one year||2021|2020|
|||||2||
||General unrestricted|funds||||
||Grants payable<br>(note|5)||598,688|683,276|
|19|Operating<br>lease commitments|||||






## 

## 

|21|Reconciliation<br>of net movement|Reconciliation<br>of net movement|in funds to|net cash flow|2021|2020|
|---|---|---|---|---|---|---|
||from operating<br>activities||||2|2|
||Net movement<br>in funds||||2,952,450|3,263,358|
||Deduct dividend<br>and income|shown|in investing|activities|-454,753|-530,845|
||(Deduct) gains on investments||||-4,053,940|-4,085,500|
||Decrease I(increase)<br>in debtors||||22,457|-22,283|
||Increase<br>in creditors||||158,168|44,218|
||Net cash used in operating|activities|||-1,375,618|-1,331,052|
|22|Analysis ofchanges<br>in net|debt|||||



|||1 January||Other non-|31 December|
|---|---|---|---|---|---|
|||2021|Cash flows|cash changes|2021|
|||||2|2|
|Cash and cash equivalents||||||
|Cash||379,209|85,507||464,716|
|Investment|cash|1,287,921|-1,185,679|322,089|424,331|
|||1,667,130|- 1,100,172|322,089|889,047|
|Borrowings||||||
|Total||1,667,130|-1,100,172|322,089|889,047|





## 

## 

## 


|23<br>Grants|||||||||
|---|---|---|---|---|---|---|---|---|
||||||||Commitments|Commitments|
||||||||made In the year|made In the year|
||||||||ended 21.12.21|ended 21.12.20|
|||||||||2|
|Achieve Change and Engagement|||||||23,600|47,700|
|Always Another Way Cumbria|||Ltd||||30,000||
|Aspatria Dreamscheme|||||||42,000||
|Autus Cumbria<br>Limited|||||||51,800||
|Barrow AFC Community|Trust||||||10,000|4,000|
|Barrow Foodbank||||||||(15,000)|
|Better Tomorrows|||||||150,000||
|Birchall Trust|||||||80,000||
|Blue Owl|||||||(1,039)||
|Brathay Trust||||||||30,000|
|Carer Support South Lakes||||||||40,000|
|Carlisle Key||||||||60,000|
|Christ Church<br>Night Shelter|||||||10,000||
|Copeland<br>Youth Network|||||||45,000||
|Creative Studios Cumbria||||||||10,000|
|Cumbria<br>Alcohol &Drug|Advisory||||Service||3,860|50,000|
|Cumbria<br>Community<br>Foundation||||||||50,000|
|Cumbria CVS||||||||65,000|
|Cumbria<br>Development<br>Education||||Centre|||10,700||
|Cumbria<br>Family Support|||||||90,000||
|Cumbria<br>Federation<br>of Young|||Farmers|||Clubs|47,600||
|Cumbria<br>Youth Alliance|||||||4,000||
|Distington<br>Club for Young People|||||||36,800||
|Eden Ventures|||||||3,950||
|Egremont<br>Youth Partnership||||||||45,000|
|EmuesUK CIC||||||||30,000|
|Friends of Morecambe<br>Bay||||||||3,500|
|Families<br>Matter||||||||60,000|
|Friends of Bram|||||||10,000||
|Furness<br>Multicultural<br>Community||||Forum|||47,100||
|Gilcrux Village Hall|||||||1,000||
|Greenbank<br>Community<br>Association|||||||1,000||
|Howgill<br>Family Centre|||||||30,400||
|James Rennie PTFA||||||||30,000|
|Kepplewray<br>Trust|||||||25,000||
|Lancaster<br>District CVS||||||||20,000|
|Liverpool Charity and Voluntary|||Services|||||15,600|
|Moore Arts: Millom|||||||31,200||
|North Allerdale<br>Development||Trust|||||60,000||
|Owl Blue Children's<br>Charity||||||||32,400|
|Panathlon|||||||2,000||
|Peter Scott Award - Howgill||Family|||Centre||2,500||
|Peter Scott Award<br>- South Workington||||||Youth Partnership||2,500|
|Phoenix Youth Project||||||||45,000|
|PiNC||||||||30,000|
|Promoting<br>Autonomy<br>and|Change||||Ltd|- PAC||32,500|





## 

## 

## 

## 

|23<br>Grants (continued)|||||
|---|---|---|---|---|
||||Commltmenta|Commltmenta|
||||made In the year|made In the year|
||||ended 31.12.21|ended 31.12.23|
||||2|2|
|React Foundation||||17,700|
|SAFA Cumbria|||22,000|20,000|
|Shackles Off Youth Project||||45,000|
|Signal Film &Media|||11,000||
|South Whitehaven<br>Youth Partnership||||50,000|
|Strawberry<br>Fields Training|||45,000||
|Stricklandgate<br>House|||4,000||
|The Happy Mums Foundation|CIC|||14,700|
|The Growing<br>Club CIC||||9,700|
|The Laal Collective|||2,000||
|Time to Share Bereavement|Youth Sevices CIC||40,200|4,000|
|Together We CIC|||60,000||
|Voluntary<br>Arts||||3,950|
|Walney Community<br>Trust|||6,530||
|West Cumbria<br>Domestic Violence Support||||35,000|
|Whitehaven<br>Community<br>Trust||||56,000|
|Whitehaven<br>Harbour<br>Youth Project||||30,000|
|Whitehaven<br>Sea Cadet Corps||||10,000|
|Wise Up Workshops<br>CIC|||13,000||
|Women's<br>Community<br>Matters||||70,000|
|Young Cumbria||||30,000|
|Young Cumbria||||(30,000)|
|Young Enterprise|||30,000||
|Youthability<br>Youth Services|||56,700||
|TOTAL|||1,138,901|1,056,250|
|Total number ofgmnta excluding||nafunda 6csncagatlona|39|35|