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Community Foundation serving Tyne & Wear and Northumberland (A company limited by guarantee) Annual financial statements for the year ended 31 March 2024 Registered company number 02273708 Registered eharity number 7(M)S10

Community Foundation serving Tyne & Wear and Northumberland (A company limited by guarantee) Annual financial statements for the year ended 31 March 2024 Contents Annual rewrt for the year ended 31 March 2024............................................................. Tndependent Auditors, Report to the Members vf CvmTnullily FuuT]ddtiOll serving Tync & Wear and Northumberland............................................................................................................................... Consolidated staiement of fmancial activities for the year ended 31 March 2024 ....... Consolidated income and expenditure account for the year ended 31 March 2024 ................... Balance shccls as at 31 March 2024.......................................................................................... Con%olidated Lash flow tstalemcnl for the ycar cnded 31 March 2024 .............................. ..... . Notes to the tinancial staternents for the year ended 31 MarLh 2024.... 13 17 18 19 .20 .21

Community FoundatRon serving Tyne & Wear and Northumberland Annual report for the year ended 31 March 2024 Introduction The Board presents its report and the audited consolidated fmancial statements for the year ended 31 March 2024. Thc Charity's full naTn¥ is Community Foundatiou serving Tyne & Wear and Northumberland. refeed to hereafter as the Community Foundation. The Community Foundation's Lhitrity registrdtion nuTnbLr [8 70051 O and Ihc Iilniicd company number is 02273708. Tbe principal otfice and registered otfice is Philanthropy House, Woodbine Road, Gosforth, Newcastle upon Tyne, Tyne & Wear NE3 1 DD. The Charity is incoTporated in the United Kingdom. The Community Foundation comprises four separate organisations whose fmancial statements and activities are consolidated within th¢ group. Th¢y are as follow5.. Community Foundation serving Tyne & Wear and Northumbcrland- a limitcd company and main operating charity, also incotyorating Comrnunity First Trust. Tyne and Wear foundation Trust- a charitable trust, which holds donations of pernianent endowment to the Lommunity Foundation. 'Ihis has enabled several historic charitable trusts lo be transt"erred to the Group. Tyne & Weat Foundation Limited - a trading company whose profits are covenanlLd lo the Community Foundation. The trading company is mainly used for specific large ndraising events bui was inactive during Ihe year. Joseph Brough ChariLable Trust - an endowed trust makiog grants in the historic counties of Durham and Northurnberland, of whiLh the Cornrnunily Foundaiion is solc Irusice. The Community Foundation also administers The Fred Clay Trust, which has its own trnstees and reports separately to the Charity Commission and ils fancial inforniation is not included wilhin these fLnancial statements. The Community foundation is a member of UK Community Foundations, reg*istered chdrity number 1004630, which supports and promotes good practice between Community foundations in the United Kingdom. The Community tr'oundatton manages certain funding programmes on contracts from UK Community Foundations but is not otherwise subject to any governance arrdngements with UK Community Foundations.

Community Foundation serving Tyne & Wear and INorthumberland Annual report for the year ended 31 March 2024 (continued) Advisers Independent Auditors Azets Audit Services Bulman House Regent Centre Gosforth Newcastle upon Tyne F,3 3LS Main Bankers Barclays Bank PLC Newcastle Corporate Services Barclays House 5 St. Ann's Street Quayside Newcastle upon Tyne NF.13DX Investment Managers Rathbone Inveslment Management Limited Earl Grey I louse 75-85 Grey Street Newcastle upon TyrAe NF,16EF Cazenove Capital l London Wall Place London EC2Y 3AB CCLA Investrnent Management Limited One Angel Lane London F.C4R 3AB Solicitors Muckle LLP Time Central 32 Gallowgate Newcastle upon 'l'yne NEI 4BF

Community Foundation serving Tyne & Wear and Northumberland Annual report for the year ended 31 March 2024 (continued) Structure? governance and management The Community Foundation is a limited company governed by Memorandum and Articles of Association drawn up in 1988 and amended in 1990, 2000, 2007, 2017, 2018 and 2021. The Memorandum and Articles allow t.or four categories of members as follows: Category A - voluntary organisations Clltegory Fl - individuals Category C- StatOry authorities Category D - companies/businesses Members have voting rights ai the Annual Genenl Meeting and receive regular infom)ation about Community Foundation activities throUoUt the year. Members may nominate candidates for election to the Board. Each membLrship LalLgory clecis two members to the Board except for Category C, where Board membcrs are app(iinled by mutuiil Lonsenl. Thl Board may co-opl up io fivkn further members and is required to ensurc adequale representation throughout the area of benefit. Board membeTb serve for a ihree-year tenn and may be electedlappointed for two fi]rther periods of three years each. There arc arrangcmLTlts for induclion. training and support of Board members, which are reviewcd by the G()vernance, Finance and Audii Lommillcc. Each new Board Member is given an induction pack lind allcnds induction sessions with the executive team and meets the Chair. The N(irninations Conimittee reviews training needs of the Board members and arranges training as required. The involvement of Board mLmbers is reviewed by ihe Officers of the Board annually to ensure that skills and time provided by members are used io best effect. Additionally, Board skAlls are kept under review lo infonn Board member recwitment, engag¢meni and support. Boiird member% also volunlccr their services to assist in Coinmunity boundation activitieb, such as ant panels, donor development and publiL 8pcaking during the yLar. The full Board meets four times a year. An additional rneeting is held for retlection and forward planning as required within the strategy period. Within the annual cycle, the Board: agrees an operating budget. Teceives quarterly rnanagcment accounts; agrees annual objectives" reviews objectives- monitors perforn]8nce within agreed targets. onsiders risks and ways to mitigate them. considers strategic issues. and receives reports and minutes from all sub-committees listed below.

Community Foundation serving Tyne & Wear and Northumberland Annual report for the year ended 31 March 2024 (continued) Strueture, governance and management (contlnued) The Lloard appoints sub-committees and working groups, which are responsible for more detailed i)vcrsight of strategy and actlVTtics within their area of responsibility. The sub-conunitt¢¢s and working groups meeting during the year were: Governance, Fin3nce and Audit Committee (G,F&A) Investment Comn]ittee (Inv) NoInatiOnS Committee (Nom) NorthEastlOO development group (NE100) Members of the Board who served during the year and up to the date of signing of the financial statemL'T]ts, iT]cluding L()mmitt¥gs on which ihLy scrvcd during the year, are as follows: Phil M()orhou5e- Chair co-oplcd ()ct()ber 2021 Luey Win5kell OIJE - Depury Chair from October 2022 elected DeceTnber 2016 Paul Farquhar- Treasurer co-opted March 2U18 Jill Baker co-opted Junc 2019 Michael Brodie CBE co-oplcd Fcbruary 2020 Sarmh Glendinnin co-optcd Oclobcr 2022 Andrew Haigh el¢cl¢d DccLmber 2016 Colin Hewltt Llcclcd Ocl()ber 2021 Claire Malcolm MBE CO-OPlcd March 2019 Patrick Melia appointed December 2016 to represenl statutory authorities, resigned October 2023 Pam Smith appointed October 2023 to represent siathtory authorities Laura Warwick appointed November 2018 Stella Simbo ¢leL'ted October 2022 Fiona Stxndfield CO-OPl¢d O¥lob¢r 2022 (G, F&A, tnv, Nom, NF,100) (G,F&A, NEIOO, Nom) (G,F&A, Inv) (Nom, Inv) (NE 100) (Inv) (G,F&A) (G,F&A) (Inv) (NE 100) (Nom) (Nom) (Inv) At the AGM in autumn 2024, Colin Hewitt, Pbil Moorhouse and Laura Warwick come to the end of a three - year terni and are eligible for re-electionlre-CO-QPtion.

Community Foundation serving Tyne & Wear and Northumberland Annual report for the year ended 31 March 2024 (continued) Structure? governance and manag¢ment (continued) The Board also appoints a PTesident. Vice Presidents and Patrons in recognition of their distinguished service to the community or contributions to the Community Foundation. These are honorary positions with no foTmal powers or duties. 'Ibe Board reviewed appointments in September 2020. 1.he current office holders arc li%ted Tn the yearbook and on the Community Foundation's website. The liability of the members for the debts and liiibilitie5 of the company is limited in the event of the company being wound up would not exceed £ I per member. The Board has a scheme of delegation which details areas where the Board has, in accordance with the Memorandum and Articles of Association, delegated decisions to individual trustees, to sub-committees or t&sk groups or lo Ihe cxeculivc ILam. The scherne of dclegation also covcr8 Ihosc matters always reserved tor the full membership and the full Buard. The delegated areas are segmented into the following Categories: yovernance, audit & risk, operations and tinance, ynvestment, and philanthropy and tunding. At the year end the executive team members responsible for day-to-day mauagement of the Charity &S delegalcd by thL Board wcre.. Rob Williiimson OFIF. Chivf F,xvLutive OffiLer Sonia Waugh hicf Finance and Operating Officer John Holling8WOrth Lhicfphilanlhropy ol¢Cr Adam Lopardo Chicf Funding and ParLncr8hips ()iCer At Ihc year-end there w&8 d total of 24 slarr (rull limc cquivalcnt 21.8). Thc Board has a remuneritti()n pulicy which covcr% thc arrangcmcnts. fOr.ttIng salarics throughout the organibation including chose staff responsibll for day-lo-day management. The Communiry Foundation has its own salary scale with gyades intended to be broadly cornpatible with charities of a similar si£e in the north of England, and those with similar functions across the UK. Because of its leading position in thc charity sector, the Community Foundation's executive staff must have significant expertise so it must be able lo draw frorn the best talent in a competitive market. Executive staff roles are therefore ungraded which allows the Board to be more flexible in setting pay when recruiting and reviewing performance. All salaries are reviewed annually by a sub-commiltee of the Board with any recornmendations for pay increases presented 10 the ]1 Board tor approval when it agrees the aTmual budget. The sub-committee takes account of cost-of-living rises and in flalii)n, external henchmarking dala, and 8latrpcrfonnancc and ci)nlributi()n¥ to LhL organisation's work. The Board sub-committee review5 the Chief Executive's salary and other benefits without hirn presenl, taking account of factors relating to perforn)ance, benChm]ng and internal salary differentials.

Community Foundation serving Tyne & Wear and Northumberland Annual report for the year ended 31 March 2024 (continued) Objectives and activities The Community foundation's objects are for the benefit of th¢ publi¢ gen¢rally, in particulaT, bu¢ not ex¢lusiv¢ly, in the area of Tyne and Wear and Northumberland.. to promote and support the prevention or relief of poverty or disadvantage. to preserve and protect health. to advance the education of the publiL" for the g¥ncTtil PUTPOSes uf suLh charilablc bodics or for such other exclusively charitable purposes in each case as the Directors may trom time to time decide. The Community Foundation's operational purpose is to grow gyivillg and philanthropy, matching generous people with the region's irnportant community causes. The Community Foundation does this by.. enabling people from all waU(s of life to set up charitable fimds, give collectively or share expertise. supporting small, local charities and ¢on)munity organisations through grants from funds and help from networks; shining a light on vital issues affecting the area and working with others to tackle them. building cndowmenl as an asset for communities now. aud for generations to come. 'I"he CommuTJity Foundation is a generalist grant-tnaker to a wide range of community groups. SoTnL funds have more restricted purp()ses - for LxamplL thc %ir Tom Cowie Pund only makes grants to organisations to support disadvantaged or disabled children and young people in SundLrland. Thc Community foundation accommodates donors, wishes in respect of grant awards wherever possible. The Flotird has agreed certain exclusions for grants with its general funds and these are detailed in grant application materidl,s available on request. "L"he predominant activity is grani-making. but the Communiry Foundation also devotets rcsources to non-financial 8L'cior 8upport, research, development and donor education which aim to in¢rease loLal phildnthropy. Public benefit The Community Foundation exists and operates for the public benefit. Through its &t-making it works to improve the community, in particular, but not exclusively, in Tyne & Wear and Northumberldnd. lThe .1 rustee5 confLmi that they have referred to the guidaTh¢e produced by the Charity Cornmission on public bcncfit when reviewing Ihc Charity's aims and objectives and in planning future activities and grant-making and are salisfied ih&tt it meets the requirements. Plans for future periods Plans for future periods te detailcd on pagc l O of this report. StralegiL report Achievements and performance 2023-24 was the fourth year of the Community Foundation's stralegy to 2025.

Community Foundation servillg Tyne & Wear and Northumberland Annual report for the year ended 31 March 2024 (continued) Strntegic report (eontinued) Achievements and performance (continued) Other achievements during the year are set out below. More detailed descriptions of activities and their impact are included in the Community Foundation's yearbook. Goal J.. enable more and benerphilanihropy £2.1 m in endowment gFjfts' dnd £4rn ill rcvcnuL gifts were received. 12 new ndS were established. We launched our North East Roots diaspora initiative with eveT]t8 in London and the North East A new NE100 development group compristng trnstees and other supporteT% wa8 Cstablished. Iroal 2.. .8upporl our regiopl's small local charities and community organtsations 1,253 grt$ (2023: 1.406) totalling £8.48m (2023: £7.86m) were awarded, exceeding thL baseline of £6.8m and the five-yttar targLt ()f £7.5rn. The majority continued to be for amounts under £5,000. th total 626 organisations and 41 individuals were support¢d. Thc table below shows the breakdown by fund type. Fund type No of grants Total awards Individual and family funds Cory)oralc funds Charity and trust fiulds Collective tunds Projects and P&iriner8hip fund8 Agcncy funds (benefitillg a named organisation) Total grants 0w#rded by ihe full Group 434 2,570.068 9fj4,868 1,786,430 341,255 1.892,136 872,971 &417,728 207 272 171 146 23 1,253 We updated our ufeguarding policy and training for all slaff members. Funding was delivered tor partner5 including Newc&stle and Gateshead Councils. Grant-making support services were delivered for Rtdley Falnily Lharity and the Bernicia Foundation. 73 organisations benefited from trustee- and skills-matching, training and pro bono consultancy. Cyoal 3.. under.flund und UL'I on vilal issues affecting our communities Wc launLhed our Vital Signs 2024 research and published fmdings from five theme areas. We Lomplelcd our 'Mackem Money, participatory grant-making pilot in Sunderland. We delivered IhL Know Your Neighbourhood programme in partnership with DCMS and UKCr. We delivered the 'Wailing Well. scheme witb the North East and North Cumbria Integrated Care Boatd. Goal 4.. build and sustain our endnwment lo £IOOm and bgyond Trdnsitioned investment service providers and secured agreement for future aggregated reporting against our environmental, social and governance objective5. Received significant unrestricted legacy gifts and new legacy notifications.

Community Foundation serving Tyne & Wear and Northumberland Annual report for the year ended 31 March 2024 (continued) Strategic report (continued) Achievements and performance (continued) Goal 5.. bé a shinlng exomple of effective choyilablefoundations accountable to the people it serves Received a unique AAA result in the independent Foundation Practice Rating. Held Staff and board team building events and activities. Recruited to all trustee vacancie5. th)proved demographic data capture. Commissioned an accessibility review of our grant-making process. Fundraising The Community Foundation is registered with the Fundraising Regyulator which is the independent regulator of charitable fundraising. The Board approved a Growth Plall (the Plan) in 2017 which includes the approach we take io fundraising in the organisation which meeis the requirements of the Charity Commission, Fundrai8ing Rcgulalor and Inforniali()n C'omrni8.%ioncr's olce. Almost all income geneTalion activlty is dotte by Foundation statt"directly or un our bvhiilf thTou¥h introduLtiuns madL by (ImbiL%.4¢idDr8 and professional advisors. We also connect to potential donors and partners tIouLh networkingv and by raising our profile thiough communications. When and if we enter into commercial participation arrangernents, wc have fonnal agreements in place that deal with risks to the foundation and ensure transparency. We do not.. use direct rniirketing, telephonc, doorslcp or on-8lrcct fundraising. employ for-profil agencies lo rai8c incomc on our behalf. or %hitre inforn]dtion db()uL donoT% or supportcr8 wilh(Jul Lheir cxprcss pcmiission. Some fundrd15ing will continue ti) bc donc for the Foundalion by third partics, for example with our High Sherift funds, or tunds where a donor Wibhe.% ti) rd7Se money from friLnds or fdrnily in rncmory of a loved one, or to support a particular cause. We have developed &Truidelines tor those undertakiD&i suLh acLivities to ensure we, and they, are compliant. The Con]munity Foundation n]aintains records of all complaints received and durinLy the yedr rcceived no complaints on its fidraisIllg activities. The Community Foundation reports this information annually to the Fundraising Regulator if requested. Social invcstmcnts (previously shown as programme related investments) Northern Kock F'oundation (NKf,) was involved in the set up of the North E&st Social Investment Fund (NEStF) and tnade loan conunitrnents for 20 years to the primary vehicle - the North East Social Investment Commullity Interest Company (NESIC). As part of the winding up of NRF,, its Board agreed to transfer the Loan Fund of £3m ¢0 the Conununity Fowidation to ensure continuity of the programme, with both sides signing the novation of the Loan Fulld on 12 April 2016. The full value of the novation of £3m was recognised within donations to restricted funds al the time of the novation.

Community Foundation serving Tyne & Wear and Northumberland Annllal report for the year ended 31 March 2024 (continued) Stral¢gic report (continued) Financial review Net assets at 31 March 2024 were £103.20m (2023: £96.18m). £95.84m of the assets related to cndowment fidS {2023: £89.23m). The totsl unrealised and Tealised gains ()n invLslTncnls amounted to £7.61m (2023: losses £4.48m). There were new donations to the endowment tunds during the year of £2.08m (2023: £0.87m), and fees and transfers out of endowment of £3.08m (2023: £3.15m). The expendable endowment (charity only) ]% tre¢lted by the TrusteLs a8 long-terni capital to provide income for future grant-making. Further details of pertorniance of subsidiary undertakings are detailed in note 22. The investments were miillaged throughout the year by Cazenove Capital, Rathbone Investmcnl Management, Investec Wealth & Inveslment Management, CCLA Investment Management and RBC Brewin Dolphin. to achieve maximum total returns and provide an agreed amouni annually for grant-making. CCLA InvestmeT]t Mandgcmcnt also manages funds donated to the Community First Trust as required by the match fimding agreernent. There is separate provision for donors who wish tu invest ethically. The Investment Committee monitors the managers, perforniance in relation tu benchmarks and other relevant iT]diccs ai its quarterly rneetings and meets with each of the managers at least annually, more frequently with Rathbone Inveslmcnt Management and Cazenove. During the year a 1] review of investment manageTS was completed and Ca7.enove Capital wcre appointed as managers for part of the main fimd with asscls being transferred from Investec Wealth & Investment m(In(ement, KBC Brewin Dolphin and sorne fund5. from CCLA. Clear guidelines have been agreid in rclation to asset allocation and these were also reviewcd by the tnvesttnent Committee quarterly. On the full year's perforniance, the main fund delivered a total return average estimate of 9.7 % (net of fees) which is ahead ot the Idrget rcturn of 6V/o plus CPI (9.20/0). The Board were content with perfonnan¢e on the other smaller ndS in light ot'the very di]LUlL financial market conditions. Total income and endowmenl for thc year totalled £9.40m {2023.. £5.87m), The main sourccs of income were new donations and investment inLome. Thc main resources expended were for charitable grants of £8.32m net (2023.. £7.77m net). Financial rcvicw - reserves The Statement of financial Activities shows the m()vemcnl in thL year of the Community Foundation's (Group) Unrestricted and Restricted Funds. The year-eT]d balances on the Restricted funds are available in their entirety, less the property, Philanthropy House, for fiAture grdnt-making and other direct charitable expenditure. The Unrestricted Funds balance at 31 March 2024 of £2,535,290 includes £1,635,620 set &8idc for designated fimds wbich are solely for tUre grant-makin& and the balxnce of £899,670 (the Administrative fund) ILSS fixed &ssLls of £23.786, £875,884 is the general reserve available to meet future administration development expenditure. The Board reviewed its reserve levels in March 2024 and dcsignated £68,000 of the generdl reseryes to support running costs dwillg the 2024-25 fman¢ial year. The Board sets a MlmuM level of r¢seTves to allow the Community Foundation to operate for up to 12 months if incoTn¢ slreams wer¢ significantly impacted by Tlliwk¢t condilions and a minimum level based on the same scenario but adjustitig some costs during the 12 months and reviews its policy annually. The general reserve, after adjusting for designated costs, amounted to £807,884 which is slightly above the range calculated, minimum level of £360,000 and the maximum £770,000. The Board is confident that reserves and the overall assets of the Community Foundation are sutyicient to continue a going concern.

Community Foundation serving Tyne & Wear and Northumberland Annual report for the year ended 31 March 2024 (continued) Strategic report (continued) Plans for future periods In Mch 2020 th¢ Board agreed a 10-year vision to s¢e communities thriv¢ across North East bngland, with f¢iimess and gyenerosity changying, lives alld helpingT everyone feel they belong. This m¥dns having a strong and vibrant civil society. So, our ambition is to be the region's most trusted and effective charitsble foundation, supporting smalL local charities and community organisations tIvough more and better philanthTOPy. The Board agreed a i-year strategy to work towards its vision and ambition based on five goals.. To enablc more and better philanthropy To bL grcat at 8UPPOrting ihL TLginll'% %mall, local charitiLs and comTnunity organisations To understand ¢ind act on vitdl issuet> affectingi Lurnmunities To build and sustain the endowment to £100m and beyond To be a shining example of an effective charitable foundation accountable to the people it scrvcs. The targets for the period are below. KEY PERFORMANCE INDICATORS Total endowment value 2020-25 TARGET £IOOm Rolling average annual gifts to endowment Annual gifts to revenue and programme fijnds PerLentaLye ot total gyrants trom endowment funds. £3.Om £2.6m Key priorities for 2024-25 are as follows. Donor cultivation - building on the success of our North East Roots initiative and continuing io Lmgage donors in the region Corporate engagement- developing a more coherent and comprehensive offer to businesses Collective giving - developing and promoting existing funds which help address our goals Managing funds and awarding grants using all the tools in our toolkit Donor onb()arding- bcltcr bridging thc gap bclwccT] fund scl up and activaiion Kn()wledgie, en¥dgemint inflLLL'nLe - publi%hing and priiTn()ling Vitsl Signs reports. running cummunity conversations and exploring opportunitie5 for partnerships with public bodics Potential retro-fitting ot. ottice, rationalising staft capacitylresponsibilities and better using skills. ijnplementing accessibility review fjndingys. continuous improvement in commslsystemsllCT Preparing our next strategy from March 2025 Prineipal risks and uncertainties The Board receives an annual assessment of risk prepared by the executive team and agrees steps to rnanage risk. tn December 2022 the Board reviewed its risk policy for determining, managing and reviewing thc risks to which the Conununity Foundation is exposed. The Board has conunitted to continue to review the risk policy every tILree years. The risk register is reviewed quarterly by the Govemance, Finance and Audit Conunittee, and any significant changes reported to the Board. Every year. the Board receives a rq)ort on risk and approves an updated risk register. io

Community Foundation serving Tyne & Wear and Northumberland Annual report for the year ended 31 March 2024 (contlnued) Strategic report (continued) Principal risks and uneertainties (continued) The highest risks identified in the most recent register dated June 2024 were: Losing significant asset value System breach or failure "llle Board reviews controls already in place for mitigating risks and identifies further treaimenl or mollit(iring required to Tnanagc the identified risks. 11)e first risk noted above is linked to the perfonnaDce and drawdown trom the Community Founddtion's endowmcT]t fun(Ls. The Investmeni Committee meets regularly with the investment managyers to di5CUSs and review peTforni¢lT]Le of the funds, whA¢h are invested iii line with the Cornmunity Foundation's Investment Policy. The Board agreed a new Invcstment Policy in March 2023. 'Ihe Board agreed to maintain an annual 6Q/o Wlthdrawal from the main and ethical fimds as part of it8 2020-25 SLraiegy, definAng trAggers that would prompt it to review the withdrawal rate. Inflation is a concern together with uther global issucs and thc Board will keep these under close review. The second risk is in recognition ot the g7eneTal risk ot breach OT failure of %ystems but al.%0 thc overall increased risk faced by all organisations of ¢yber crime, both in the number and the sophistication of allacks. The Comjnunity Foundation regular reviews its protection and other systems and has vulnerability tests carried oul lo hclp miligalc thi.s risk. It has achieved Cyber Essentials + accreditation. Systems are baLkcd up regularly. Sta¢¢ment of Irus¢ees' respon¥ibilitie$ The trustees (who are also direLlI)rs of Communily Foundation serving Tyne & Wear and Northumberliind for the purposes of company law) are resw)nsTble tor prepdring thv TrustttLS' Annual Rcport, the Strategic Report and th¢ f]nancial stai¢m¢nts in accordance with applicable law and regulations. Company law requires the truslees to prepare fmancial statements for ea¢h fallela1 year. Undcr that law the trnstees havc prcpared the financial statemerAts in accordance with United Kingdom Accounting Standards, comprising FR8 102 "The Financial Reporting Standard applicable in the UK and RepublAc of Ireland", and applicable law (United Kingdom (ienerally Accepted Accounting Practice). Under company law the trLLslces must not approve the finttnLial statcmLnLs unlLs.s ihcy arc salisfied that they give a true and fair view of the state of aftairs of the charitable company and the group and of the incoming resources and application of resources, including the income and expenditure, of the Lharitablc group for thal pcriod. In preparing these f1nancial stafrments, tbe trustees are required to: select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SOIiP: make judgements and eslimates that are reasonable and prudent. state whether applicable UK Accounting Standards comprising FRS102 have been followed, subject to any material departures disclosed and explained in the financial statements. and prepare the fmancial statements on the going concern basis unless it is inappropriate to presutne that the charitable compatLy will continue in business.

Community Foundation serving Tyne & Wear and Northumberland Annual report for the year ended 31 March 2024 (continued) Strategic report (continued) Statement of trustees, responsibilities (continucd) The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of ihL chilritdble Lompany and thc group and enable them to ensure that the fjnancial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and the group and hence for taking reasonable steps f()T thL prevention and dctcction of fraud and other irregularities. The Trustees are responsible for the maintenan¢e and integrity of the charitable company's wcbsite. Legislation in ihe United Kingdom governing the preparation and dissemination of fmancial statements may diffcr from Icgislation in other jurisdictions. ststement as to disclosure to our auditors In so far as the Trustees are aware at the time of approvingF the annuiil report: there is no relevant audit inforn)ation, being intonnation needed by the auditors in connection with preparing their report, of which the gTOUP'S auditors are unaware. and thL ITuslccs, having made enquiries of fellow directors and the group's auditors that they ought to have individually takcn, havc cach taken all steps that he/she is obli¥ed to take as a director in order to make themselves aware ot uny relevant audit infoTmation and t() Lsiabli%h that the auditors are aw1¢ of that infornation, Independenl Auditors In dLcurdance with seLlion 485 of ihc Companies Act 2006, a resolution for the re-appoinknent of Azets Audil Services as auditors ot'the charity is lu be pr()p()sed aL thL forthcomiT]g Annual General Meeting. 'n]e Keport of the 'l'rustees and the Strategie Report were approved by the Board of Trustees. Byor ie Board orhouse Chair 18 Septem ber 2024 12

Community Foundation serving Tyne & Wear and Northumberland Independent Auditor's Report to the Members of Community Foundation serving Tyne & Wear and Northumberland We have dudited the financial %laLcments of Conununity Foundation s¢rving Tyne & Wear and Nor1humberliind (thL 'charilablc parent company? and ils subsidiaries (the 'group') for the year ended 31 March 2024, whiLh L(?Tnpri8e thc Consolidated Slatemenl of Financial Activiti¢s. Consolidated Incorne and Expenditure Account, Consolidaled Balance Sheet. Balance Sheet, Consolidated Statement of Cash Tr"lows and Notes to the Financial Slatements, including a summary of significant accounting policies. The fmancial reporting framework that has been applied in theiT preparation is United Kingdom Accounting Standards, comprising Charities SORP - FRS 102 'The Financial Reporting Standard applicable ID the UK and Republic of Ireland, and applicable law (United Kingdom Generally Accepted Accounting Practice). In our opinlon the fLnancial statements: give a true and fair view of the state of the group's and parent charity's aftairs as at 31 March 2024 and of the group's Ancoming resources and application of resources, including irs Income and expenditure for the year then ended; have been properly prepared in a¢¢ordan¢e with United Kingdom Generally AcceptLd Accounting Practice; have been prepared in accordance with the requirements of the Companies Act 2006. Basi5 lor opinion We conduclcd our audit in accordance with International Standards on Auditing (UK) {ISAy (UK)) and applicablL law. Our rLsponsibilities under those standards are fiffther described in the Auditor's responsibilities lor ihc audit ofihL financial slalements section of our report. We are independenl ot the &Froup in accordance wiLh ihc cthical rcquircmLnts that are relevant to our audit of the financial statements in the UK, including the FRC'8 Ethical Slandard. and we have fulfill¢d our other ethical responsibilities in accordance with these requirements. We believe thai ihe audit evidence we have obtsined is sufficient and appropriate to provide a basis for our opinion. Concluslons rel#ting to going concerD In auditing the financial statements, we have Concluded that the trustee's use of the going concern basis of accounting in the preparation of the fanCIal statements is appropriate. Based on the work we have perfonned, we have not identified any materlal uncertaintiL.s relating to the events or conditions Ihat, individually or collectively, may cast significant doubt on th# charily's ability to continue as a going concern for a period of at least twelve months from when the financial sLttcments are authorised tor issues. Our responsibilities and the re%pi)nsibilities of the lrnsiee with respect to going concern are described in the relevdllt section% ()f thi% rLporL Other information The trustees are respon51ble for the other inforniation. The other infonnation comprises the illfonnation included in the annual report, other than the fJnan¢ial statements and our auditor's report thereon. Our opinion on the fanCIal statements does not cover the other infonnation and, except to the extent otherwise explicitly stated in our reporL we do not express any fonn of assurdnce conclusion thereon. l3

Community Foundation serving Tyne & Wear and Northumberland Independent Auditor's Report to the Members of Community Foundation serving Trne & Wear and Northumberland (continued) In connection with our audit of the fmancial statements, our responsibility is to read the other infonnalion an in doingF so. consider whether the other inforniation is materially inconsistent with the fmancial slatements or ()ur knowledge obtained in the audit or othenvise appears to be materially misstated. If we id¥ntify such mdterial inconsistencies or apparent rnaterial rnisstatement4 we are requiTed to determine wholher there is a matcrial misstdtement in the fiT]ancial .%tatcments or a material mi.88tateTnent of thc olhcr infomlation. If, based on thL wi)rk wi hilVL pcrfoTmLd, wc concludL that thcre [8 a maiLrial mi8StalcmLnt of this other infonnation, we arc rcquired li) rLport Ihal facl. We have nothing to report in this regard. Opinion on other matters prescribed by the Companies Act 2006 In our opinion, bagcd on thc work undcrtaken in the course of the audil: the information given in the Strategic Report and Trustees, Report for the financial year for which the flnancial stalcmcnts are prepared is consistent with the fmancial statements. and the Straicgic Report and Trustees, Report have been prepared in accordance with applicable legal requir¢mcnls. Mxtters on which we are required to report by exception In thc lighi ofour knowlcdgc and undcrsianding of the group and thc parcnl charitable cornpany and its cnvironmcnl obiaincd in Ihc coursc of the audil, we have not idenlificd malcTial misstatements in the Strateg7lC Rcport and Ihc Truslc¢8' R¢port. Wc havc nothing io rupon in rcspcct of the following mattcrs wherc Ihc Companics Act 2006 requires us to report lo you if, in our opinion: adcquatc accounting records have not been kept by the parent charitable company, or retums adequate tor our audit havc not becn received from branches not visiled by us; or the parent charitable company fwAancial statements are noi in agreement wilh the accounting records and ertain disclosures of trustees remunerdtion specified by law are not made- or we have not received all the infomiation and explanations we require for our audit. Responsibilities of trustees As expldined morL fully SLI OLLI on pagcs I18nd 12, Ihc IruslcLS arc rLsponsiblL for the preparation of tbe rinancial slalcmcnls and for being satisfied that they give a true and fair view. and for such internal control as the lrnstees determine is necessary to enable th¢ preparation of fanCIal stat¢tnenls that are free from mat¢rial misslatement. whether due to fraud or e0[. In preparing the fmancial statements, the trustees are responsible for assessing the group's and the parent charitable company's ability to continue &s a going concern. disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or the parent charitable company or to cease operations, or have no realistic alternative but to do so. 14

Community FoundatRon serving Tyne & Wear and Northumberland Independent Auditor's Report to the Members of Community Foundation serving Iyne & Wear and Northumberland (continued) Auditor's responsibilities for the audit of the financial 5ta¢emellts Our objectives are to obtain re&sonable assurance about whether the financial statements as a whole are free from material misstatemenl whether due to fraud or eOr. and lo issue an auditor's report thal includes our opinion. Reasonable &ssurance is a high level of assuTance, but is not a guarantee that an audit conducted in a¢¢ordance with ISAS (UK) will always detect a material misstatement when it exists. Mis5talements can arise from traud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to intluence the economic decisions of users taken on the basis of these fmancial statements. Irregularities, including fraud. are instances of non-compliance with laws and regulations. Wc design procedures in line with OUT reswDSTbilitie%, oullincd above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our proccdures are capable of deie¢ting irregularities, including fraud is detailed below: nquiries with management about any known or suspected instanccs of non-compliance with laws and regulations and fraud. Reviewing board minutes. Challenging assumptions and judgements made by management in thLir significant accounting cstimates. Rcview fLnancial statement disclosures and testing7 to supportingi duLurncnlalion to assess compliance with applicable laws and regulations; and Audiling the risk of management oveIde of controls, includingF thr()ugh tcsting journal entries and other adjustments for appropriaieness. Because of the ficld in which the clieni operates, we identified the tollowingy areas as tho8c most likely to have d material impact on the financial statements.. Ileallh and Safety. employrnent Idw (including the Wvrkillg Timv Dircclivty); and coinplianre with the UK Companies Act, and the Cbdrilics Act. Owing to Ihc inherent limitations of an audit, there is an unavoidable risk that some material misstaternenl8 in thc financial statements may not be detected, even though the audit is properly planncd and perfonned in accordancc with the ISAS (UK). for instance, the further removed non-complidllLC is froin the events <tnd transactions reflected in the financial statements, the less likely the auditor is to bLcome aware ot it or to recognise the non<ompliance. A rther descrAPtion of our responsibilities for the audit of the finanLial slalcmcnts is located on the Financial Reporting Council's website at www.frc.orL.uk/auditorsrcsponsibilities. 'I'his description fonns pari of our Auditor's Report. 15

Community Foundation serving Tyne & Wear and Northumberland IndepelldentAuditor's Report to the Members of Community Foundation serving Tyne & Wear and Northumberland (continued) Use of report This report is made solely to the charitsble parent company's trustees. as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the group's tNste¢s those matters we are required to sta¢¢ to them in an auditor's report and for no other purpose. To the filllest ¢xt¢nl pern]itted by law, we do not accept or assume responsibility to anyone other than the charitable parenl company and its twstees as a body, for our audit work, for this repor¢ or for the opinions we have fonned. Simon Brown BA ACA DChA (Senior Statutory Auditor) For and on behalf of Azets Audit Services Chartered Accountants and Statutory Audiior BuLman Ilouse Regent Centre Gosforth Newcastle upon Tyne NE3 3LS Date.. Azets Audit Services is s trading name of Azets Audit Services Limited 16

Community Foundation serving Tyne & Wear and Northumberland Consolidated statement of financial activities for the year ended 31 March 2024 Nole Unrestricted Restrtcted nds limds Endowment fullds Total 2024 Total 2023 Income and endowments from: Donations and legacies 1,599,706 3.349,947 2,082,191 7,031,844 3,661,792 Charitable activities 45,991 45.991 42.450 Other trading a¢livities 8,500 2,593 11,093 4,500 Investment income 1,245,829 1,067,133 2J12,962 2,163,131 Total ineomc and ¢udowment26 2.900,026 4,419,673 2,082,191 9,401,890 5,871,873 Expenditure on: Raising funds 321,825 321,825 260,266 Investment management Costs 266,515 266,515 240,740 Charitable activities 3,443,038 5,958,605 9,401,643 8,803,109 Total expenditure 3,764,863 5,958,605 266,515 9,989,983 9,304,115 Net gainsl(losses) on investments (5,0(M)) 7,612,455 7,607,455 (4,482,880) Net IncomeAoss (864,837) (1,543,932) 9,428,131 7,019?62 (7,915,122) TrdnsfeT.s bclwcen tunds 1,335,022 1,478,654 (2,813,676) Net movement in funds 470,185 (65,278) 6,614,455 7,019J62 (7.915,122) ReconciliatlOD offunds: Total funds brought forward 2,065,105 4,883.691 89,229,008 96,A77,804 104,092,926 Total funds carried f()rward 2,535,290 4,818,413 95,843,463 103,197,166 96,177,804 All of the above re8uIt5 arc derived from c¢Jntinuing operations. All gains and losses which were incurred in the current year and prior year are included above. The comparative figures for each category of funds are shown in the notes to the accounts (note 2). 17

Community Foundation serving Tyne & Wear and Northumberland Consolidated income and expenditure account for the year ended 31 March 2024 Note 2024 2023 Ineome - ¢ootinuing op¢ratlODS Donations and legacics 4,949,653 2,787,303 Cbaritsble activities 45,991 42,450 Oiher trading activities 11,093 4,500 Investhent income 2,3J2,962 2,163,131 7a19,699 4,997,384 Expendilurc- Continuing operations Grants 8,322,614 7,770,782 Staff costs io 1,074,263 945,199 Other Losts 326,591 347,394 9,723,468 9,063,375 Nel108s on invcslrncnL% (5,000) (50,000) Net10&8 for the year before transfer8 and taxatitsn (2,408,769) (4,115,991) Transfer from endowment tund 2,813,676 2,909,187 'I"axation 16 Net surplus/ (deficlt) for the year 404,907 (1,206,804) The total income of £7,319,699 comprises £2,900,026 for unrestricted ndS and £4,419,673 for restricted funds as shown in the statement of financial activities. The total expenditure of £9,723.468 comprises £3,764,863 for unrestricted ftmds and £5,958,605 for restricted funds as shown in the stateinent of fmancial activities. 18

Community FoundatRon serving Tyne & Wear and Northumberland Balance sheets as at 31 March 2024 Registered eompany number 02273708 Group 2024 Group 2023 Charity 2024 Charity 2023 Note Fixed assets Endowment fund investments li 94,836,862 88,995,329 91.571,022 86,176.939 Social and other investments 939J56 874,309 939,456 874,409 Tangible assets 12 635,036 657,885 657,885 Total fixed assets 96,411,254 90,527,523 93,145,514 87,709,233 Current assets Debtors 13 718,524 110,098 695,445 99,659 Cash on short-tenn deposit 4,560,153 5,569,806 560,155 5.569.806 agh al bank and in hand 3,604,748 2,121,366 3,520,908 1,898,064 Total eurrent Assets 8,883,427 7,801,270 8,776,508 7,567,529 Creditors.. amounts falling due within one y¢ar 14 (2.097.515) {1.4112.439) (2.086.960) {1.456,459) Net current assets le$s current liabilities 6,785,912 6,318,831 6,689,548 6,111,070 103,197,166 96,846,354 99,835,062 93,820,303 Creditors: amounts falling du¢ after more than one year 15 (668,550) (668,550) Total a$sels 103,197,166 96,177,804 99,835,062 93,15L,753 The funds of the charity: Endowtnent funds 17 95,843,463 89,229,008 92,577,623 86,252,612 Restricted income funds 18 4,818,413 4,883,691 4,722,149 4,834,036 Unrestricted income funds 19 2,535290 2,065,105 2035290 2,065.105 Total charily funds 103,197,166 96,177,804 99,835,062 93,151,753 The financial statements on pages 17 to 50 were approved by the Board on 18 September 2024 and were ieir behalf by: oorhouse Paul Farqub Treasurer Chair 19

Community Foundation serving Tyne & Wear and Northumberland Consolidated eash flow statement for the year ended 31 March 2024 Note 2024 2023 Cash flows from oper8ting activitles: Net cash used in operatlDg activilies 24 (5,617,874) (6.811.381) Cash nows from Investlng actlvltles: Dividends and interest from investments 2J12.962 2,163,131 PurLh&8e of fixed asscts (4,423) (5.172) Proceeds from the sale of investments 45,035,581 13,377,873 Purchase of investments (43,264,659) (11,145,346) Progrrne relatLd invcstrnLmLs drawn down (70,047) {67,500) Net cash provided by inve$ting aetivities 4,009,414 4,322,986 Cash Jlows from financing activities: Receipt of endowment 2,082,191 874,489 Net cash provided by financing activities 2,082,191 874,489 Change in casb and cash cquival¢nts in the year 473,731 (1.613,906) Cxsh and cash equivalent5 at the beginninLv of the year 24 7,691,172 9,305,078 Cash and la.sh equivalents at the end of the yeAr 24 8,164,903 7,691,172 20

Community Foundation serving Tyne & Wear and Northumberland Notes to the financial statements for the year ended 31 March 2024 Accounting policies Basls of preparation The financial statements have been PTepaied on a guing cunLern btisis undLr IhL historical wst convention a5 modified by the revaluation of listed investments and treehold investment property. The FuncIal statements have been prepared in accordance with Accounting and Reportin&F by ChJTities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective l January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard appllcable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006 and the Charities Act 2011. The Community Foundation meets the defmition of a public benefit cntity under FRS 102. The directors consider that there are no mat¢Tial uncertainties about the group's ability to continuc as a going concern. Ihe financial statements consolidate the results of the Charity and its whollywowned subsidiaries, Joseph Brough Charitable Trust, Tyne & Wear F'oundation Limited and Tyne and Wear Foundation Trust, on a line by line basis using Lonsislenlly applied accounting policies. No separate sofA has been presented for the Charity alone as pennitted by section 408 of the Companies Act 2006. b) Going concern The trustees hiive preparcd budgets and forecasts which give them adequate comfort that the Lharitable company and byroup entities dre u going conccrn. Therefore, the trustee5 are of the view that th¢ charitable cornpany and group have sufticient resources for at Ig<isI thc nLxt 12 rn()nths from the date of approving the financial statements. As a result, the charitable company and group's fanCIal statements have been prepared on the going ¢on¢ern basis. Incoming resources IncoTnc is r¥c()gniscd in Ihe period in which it is re¢eivable unless the Charity has to fillfil conditions before becoming entitled ti) il or if the donor has specifled that the income is to be expended in a future period, in which case it is defeed. Donations are accounted for in the period in which they are rcLLived or receipt is probable and the charity ]% enlitlid lo ihc donation at that point in liine. All donations are derived from the UK. Investment income is recognised on all accruals basis. (irants from the GovernmLnl d other agencies have been included as income from charitdble aLtiviliL% whcrc ihese amount to a contract for services. Legacy entitlement is taken as the earlier of the date on which either the charity is aware that probate has been granted, the estate has been finaltsed and notitication has been made by the executors to the Charity that a distribution will be made. or when a distribution is actualty received from the L8lalc. Receipt of a legary, in whole or in part, is only considered probable when the amount can be me&suTed reliably and the Charity has been llotified of the executor's intention to make a distribution. 21

Community Foundation serving Tyne & Wear and Northumberland Notes to the financial statements for the year ended 31 March 2024 (continued) Accounting policies (continued) d) Resources expended All expenditure is accounted for on &lLLTuals ba%1% and has bccn Ll&%%ificd undcr headings that aggregate all costs related to that category. Costs relating to raising funds and chaTitable activities have been allocated direct to those cost headings and support costs (including governance LusL%) have been apportioned on the basis of staff time spent on each area. Grant commitments Grants payable are charged in the year when the offer is approved and conveyed to the recipient. Cancclled grants are re-credited at the point the decision is made not to pay out the grant or when a rL'fund been received. Fund a¢£ounting runds held by the Charity are as follows: Unrestricted general funds: these are ndS which can be used in accordance with the Charilable objccts ai thL di8cretiDn ofthL DiTCCtors. UDrestricted designated funds.. these dre funds which ihc Directors rcgard as unrcslricted because they <e used for general charitable grant-making purposes in tbe Community Founddtion's arca of benefit although grants may still be made on recommendations trom the donor. Restricted funds: these are ndS that can only be used for particular restricted purposes within the objects of rhe Charity. Endowment funds are inve%tcd and thc incorne from these fvnds is applied to the relevant restrict¢d or uwestricted income tunds. Investment income is allocated to the income funds on a "total rcturn" basis for the Charity. Withdrawals from the endowment hind have been mdde at a rate of 60/0, whiLh the DireLtor8 rLViCW annually and consider to be a reasonable total return withdrawal rate. A total of £2,902,300 (2023.. £2,1169,069) in excess of investment income, was transferred frorn the main and ethical endowment funds to restricted (£1,466,979) and unxestricted (£1,435,321) funds in the year. A separate agreement operates for Commimity first funds and any gain above indexed adjusted value is withdrawn from the funds and nil was withdrawn during the year (2023.'£69,915). g) Listed and unlisted investments Listed Investment5 are stated at their quoted market value at the year end. Unlisted investments are quoted at cost. freehold investment propety is stated at the fair value estimate as valued by property consultsnts in March 2024 aud the Directors consideT the valuations to be reasonable. The SOFA includes the net gains and losses arising on revaluations and disposals throughout the year. Realised gains and losses for the year are Calculated based on market value brought forward plus any additions in the year. No depreciation is charged on investment properties.

Community Foundation serving Tyne & Wear and Northumberland Notes to the financial statements for the year ended 31 March 2024 (continued) Accounting policies (continued) Listed and Unlist iDv¢stments (continued) Property Valuations Propertles held within Investments are held at an assessed valuation by a surveyor and are fornially valued every year. Investments are held at valuations provided by the investm¢n¢ manager, wbereas listed investments are held at a closing value itidicatsd by the stock exchange. h) Social Investments Social investments consist entirely ot loans made lo North East Social Investment Community Interest Company (NESIC). As part of the windin&v up of Northern Rock Foundalion {NRF) its Board agreed to tr<sfer thv Loan Fund of £3m to Community Foundation with both sides signing the novation of thL Loan Fund on 12 April 2016. Ai the transfer date £265,814 had been advanced to NE%IC and since the transfer, another £ 1,348,542 hds been advanced. NESIC use these loans to invest directly inlo The North East Social Investment Fund (NESIF). The totsl advanced of £ 1.614,356 is shown as a social inveslment. The investment8 are recorded at cosi less any diminution in value. The Botwd havc reviewed the recoverability ot. the and in order to be prudent, have decided lo provide tor diTninulion in value of the investtnent based on th¢ sharc of ihc most recent overnll lld balance sheet deticit plu% amber (at risk) loans not already provided tor. The Board will continue to review recoverability and valuation on an annual basi5. At the year end a total provision of £675.000 has been provided against the recoverability of Ihc Programme Related Investment. The balance on the original £3.000.000 loan ndS avallable to be drawn down by NESIC at 31 March 2024 was £1,385.644. The £3,000,000 funds, less the provision, are listed within restriLtLd funds and at the year end were £2,325,000. The loan agrcement allows for drawdown by NESIC ot'the t.unds for a period of 10 years from the original agreement date of10 December 2014. The loans are unsecured and bear no interest. No repayments will be received during the 10-year loan fund period as all funds are to be retained in the loan fLU]d with NESIF during the inve5trncnt period.

Community Foundation serving Tyne & Wear and Northumberland Notes to the financial statements for the year ended 31 March 2024 (continued) l Accounting policies (continued) Tangible fiied assets and depreciation Depreciation is calculated to write off the cost of fixed assets over their estijnated useful lives on a straight line basis, at tbe following rates.. Land and buildings Furniture and equipment Office improvements Over 50 years 2/0 and 250/0 per annum Over 10 yeats J) Pensions The Community Foundation makes contributions on behalf of all staff into a defined contrlbutioll group pension scheme. Contribulions are charged in the peTiod to which they relate. k) Liquid resources Liquid resources for cash tlow purposes consist of cash held at banks in current and short-terni dcposit accounls. i) Debtors Trade and other debtors are recogpnised at the settlement arnount due ¢ifter iY trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand C&sh al Bank and In Hand and Cash on Short-terni Deposit includes cash and short tern] highly liquid investments with a short maturity of twelve monchs or Ics8 from thc date of acquisition or opening of the deposit or similar account. Creditors and provisions Creditors and provisions are recognised where the charity has a present obligration resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obllgation can be measured or estimated reliably. This includes grants payable when the otter is approved and conv¢y¢d to th¢ r¢cipient. Creditors and provisions are nornially recognised at their settlement amount.

Community Foundation serving Tyne & Wear and Northumberland Notes to the financial statements for the year ended 31 March 2024 (continued) Accounting policies (continued) Judgements And key sources of¢stimation uncertainty The preparation of the financial sialements requires management to make judgements, estimates and assumptions that atte¢t the amounts reported. These estimates and judgements ar¢ ¢onlinually reviewed and are based on experience and other f'dLtors, including cxpectations of future events that are believed to be reasonable under the circumstances. Any key judgements have been detalled in the separate aLcounting policics applied, including notably: Programme Related Investments - the Board amortise the &sset bal<tnce ttt edch year end based on th¢ir view of Lhe rLcoverability of the asset. This is an estimation technique applicd each year. b&s¢d on unobservable faLtLirs, which results in the asset being adjusted, nornially with a charge being made to the SOFA, and the Restricted Rcscrvc balance, held An respect of the Programme Related Investment fijnd, being reduced. 25

Community Foundation servillg Tyne & Wear and Northumberland Notes to the financial statements for the year ended 31 March 2024 (continued) 2 Statement of Financial Activities prior year fund comparatives Unrestricted funds Restricted nds Endowmcnl funds Total 2023 Income and endowments from: Donations and legacies 598,174 2,189,129 874,489 3.661,792 Chariiablc aclivilics 42,450 42,450 Other trading activities 4,500 4,500 Investsnent income 1,135,243 1,027,888 2,163,131 Total income and endowment8 1,780,367 3,217,017 874,489 S,871,873 Expenditure on: RaisTng fun(Ls 260,266 260,266 Investmeni management costs 240,740 240,740 Charitable actlvities 3,707,301 5,095,808 8,803,109 Total expenditure 3,967,567 5,095,808 240,740 9J04,115 Net Iosscs OTt invcstments (50,000) (4,432,880) (4,482,880) Net loss (2,187,200) (1,928,791) (3,799,131) (7,915,122) Transfers between fimds 1,615,487 1,293,700 (2,909,187) Net movement In funds (571,713) (635,091) (6,708,318) (7,915,122) ReconciIiation of funds: Total funds brought forward 2,636,818 5,518,782 95,937,326 104,092,926 Total fullds carried fonvard 2,065,105 4,883,691 89,229,008 96,A77,804 26

Community Foundation serving Tyne & Wear and Northumberland Notes to the financiAI statements for the year ended 31 March 2024 (continued) Donations and legacies 2024 2023 Donations 5,607,666 3,65 I,747 Legacies 1,424,178 10,045 7,031,844 3,661,792 4 Charitable activities 2024 2023 Other charitable activities 45,991 42,450 5 Other trading activities 2024 2023 Other trading activities 11,093 4,500 6 Investment income 2024 2023 Dividends and interest from endowment fund assets 2,049,198 2,040,327 Interest receivable on cash deposits 263,764 122,804 2J12,962 2,163.131 27

Community Foundation serving Tyne & Wear and Northumberland Notes to the financial statements for the year ended 31 March 2024 (continued) Allocation of support costs, overheads and governance Support costs and overheads have been apportioned using the basis of staff time spent on the various activities. Raising nds Charitable activities Total Total 2024 2023 Support staff costs 33,566 160,889 194,455 166,765 GovernanuL staff costs 10,564 50.634 61,198 52.009 Overhead costs 59,060 182,904 241,964 207,346 Governance direct costs 7,210 25,049 32,259 60,215 110,400 419,476 529,876 486,335 Included in overhead costs are the following.. 2024 2023 Auditors, rcmuncration - audtt services 15,500 12,500 Depreciation 27,272 33,169 8 Costs of raising funds 2024 2023 Staff c().8L 195,983 153,543 Direct costs 15,442 14,706 Support costs (Note 7) 110,400 92.017 321,825 260,266 28

Community Foundation serving Tyne & Wear and Northumberland Notes to the financial statements for the year ended 31 March 2024 (continued) 9 Charitable activities The Cotnmunity Foundation serving Tyne & we and Northumberland undertakes its chiiritsble aclivities through grant-makillg. 2024 2023 payiible 8,322,614 7.770,782 Staff costs 622,627 572.882 Direct costs 36,926 65,127 Support costs (Note 7) 419,476 394,318 9,401,643 8,803,109 Cirants were awarded in thc ycar to other charities, voluntary organisations and individuals as follows.. 2024 2024 Number 2023 2023 Number Other charities and voluntary organisations 69,478 1,212 7,713,884 1,287 Indlviduals 48,250 41 143,497 119 Tolal ncw granLs awarded in the year 8,417,728 1,253 7,857,381 1,406 GranL8 cancelled (95,114) {86,.599) Totsl grant expenditure 8,322,614 7,770,782 A breakdown of grants awarded is shown on page 7. A full listing of grants awarded in the financial year can be found on our website www.¢ommunili foundation.or,.uk. 29

Community Foundation serving Tyne & Wear and Northumberland Notes to the financial statements for the year ended 31 March 2024 (continued) 10 Staff costs Staff costs comprise the following.. 2024 2023 Wages and salaries 926,102 812,585 Social security costs 92,192 83,189 Other pension costs 55,969 49,425 1,074,263 945,199 The dverdge number uf eTnpl()yLes, cxcluding Truslees/Board Directors, employed by the Group during the year was 24 (2023:22.7}, tull time equivalent 21.8 (2023: 19.99). The ratio ofthc highest salary to the median salary was 2.34:1 (2023: 2.37:1). The gross salary in the year relatingy to the exeLulive members of staff responsible for the day-to-day management of the Charity was £287,299 (2023.. £235,209) plus £18,475 (2023.. £15,373) paid in employer pension contributions. The Community Foundation is nor required to report on gender pay gclp as It is below the tILreshold for reporting. However, the Flodrd h&5 carri¥d Dul a rLviLw of gondcr pay in linc with the legislation and has set out some of the inforniation tor 5 April 2023 and 5 April 2024 below: 5 April 2024 5 April 2023 Mean gender pay gap Median gender pay gap 170/. 170/0 12/0 None of the TrnsteeslBoard Directors received any remuneration during the year {2023: Nil). Three of the Directors received reimbursements for expenses duringTr the year of £1,.302 im total (2023.. £357). During the year employees with emoluments over £60,000 were in the following bands., 2024 2023 Number Number £60,000 to £70,000 £80,000 to £90,000 £90,000 to £lOO,000 30

Community Foundation serving Tyne & Wear and Northumberland Notes to the financial statements for the year ended 31 March 2024 (continued) 11 Investments Endowment fund investments- Ciroup Deposit & other cash balances Listed investments Freehold pr()perty Total At valuation At l April 2023 Addilionslmovement in the year 85,834.616 2,774,713 386,000 88,995,329 42,560.455 704,204 43,264,659 Disposals in the year (45.035.581) {45,035,581) Realised losses in the year {221,975) (221,975) Unrealised gains in the year 7,645,430 189,000 7,834430 At 31 March 2024 90,782,945 3,478,917 575,000 94,836,862 At cosl At 31 March 2024 75,207,517 3,478,917 254,)0 78,940,434 Ai 31 March 2023 72,229,673 2,774,713 254,000 75.258,386 2024 Market Value 2023 Market Value Listed invc$tmcnts are detailed as follows: UK Fixed Interest 4,433557 5,763,872 UK Equities 13,534,446 18,623,924 Property 1,455J41 864,102 Overseas Fixed Interest 2,452,158 1,836.621 Overseas Equities 44,656,871 27,739,140 Collective Investment Schemes 19019,033 23,364,609 Other 4,431,539 7,642,348 90,782,945 85,834,616

Community Foundation serving Tyne & Wear and Northumberland Notes to the financial statements for the year ended 31 March 2024 (continued) 1 I Investments (continued) Social Investments - Charlty and Group Total Loaned amounts At l April 2023 1,544,309 Advances during the year 70,047 Repayments At 31 March 2024 1,614J56 Pr(Jvi¥iq)n$ At l April 2023 670,000 l¥ovided against during the year 5,000 Provision released dwing the year At 31 March 2024 675,000 Net loaned amounts At 31 March 2024 939,356 At J l March 2023 874,309 Endowment fund investment$- Charity Deposit & other eash balanees Listed Iv(ments Freehold property Total At valuation At l April 2023 Additionslmovement in the year 83,016,226 2,774,713 386,000 86,176,939 39,810,915 704,204 40,515,119 Disposals in the year (42,439,446) (42,439,446) Realised losses in the year (226,560) (226,560) Unrealised gain5 in the year 7,355,970 189,000 7,544,970 At 31 Mareh 2024 87,517,105 3,478,917 575,000 91,571,022 At cost At 31 March 2024 72,457,800 3,478,917 254,IM)O 76,190,717 A¢ 31 Mawh 2023 69,802,740 2,774,713 254,000 72,831,453 32

Community Foundation serving Tyne & Wear and Northumberland Notes to the financial statements for the year ended 31 March 2024 (continued) I I Investments (continued) 2024 Market Value 2023 Market Value Listed investments are detailed as follows: UK Fixed Interest 4,433557 5,530.257 UK Equities 13,534,446 17.878,320 Propety 1,455J41 799,283 Ovcr8cas Fixed Interest 2,452,158 1,836,621 Overseas Equities 44,656,871 26,387,141 Collective Invesknent Scheme,8 16.553,193 23,090,333 Other 4,431,539 7,494,271 87,517,105 83,016,226 Other investmeT]ts- Lhariry Unlisted investmenls At Li)yt and valuation At l April 2023 100 At 31 March 2024 loo Unlisted iT]vestmLnl5 hcld by the charity relate to a £100 (2023: £100) investment in the subsidiary company Tyne & WeaT Foundation Limited at cost. At 3 A MarLh 2024 thc charity owned all ot.the ordinary share capital, con.si.8ling of l 00 ordinary shares, of Tyne & Wear Foundation Limited, a company registered in England and Wales which raises funds through ndraiSing cvenls. The total funds made availdbll lo be drawn down by NESIC were £3,000,000. At the year end the restricted reserve balance was £2,325,000 (note 18) (2025.. £2,330.0} which is thc original funds available of £3,0,000 less the aggregate amortisation to date charged against the restricted nd. The balance on the loan fund at 31 March 2024 was £1,385,644 which is all available to be drnwn down in 11 by NESIC during the investment period which is 10 years from 10 December 2014. Realised gains and10gges are calculated based on the market value brought forward plus any additions in th¢ y¢ar. Total net realised gains calculated uslng historical cost was £4,196.740 for the full group (2023: £2,729,558). No single investsnent accounts for more than 50/0 of the endowment fi]nd investments. 33

Con]munity Foundation serving Tyne & Wear and Northumberland Notes to the financial statements for the year ended 31 March 2024 (continued) 12 Tangible fixed assets Group and Charity Land & Buildings Fumiture & equipment OffIce improve- Jnents Total Cost Al l April 2023 750,000 83.581 49,890 883,471 Additions 4.423 4,423 Disposals (6,960) {6,960) At 31 March 2024 750,000 81,044 49,890 880,934 Aecumulated Depreclatlon At l April 2023 123,750 73,181 28,655 225,586 Chargc for the ycar 15,000 7,284 4,988 27,272 Disposals (6,960) (6,960) At 31 March 2024 138,750 73,505 33,643 245,898 Net book v¥lue At 31 Mareh 2024 611,250 7,539 16,247 635,036 Al 31 March 2023 626,250 10,400 21,235 657,885 13 Debtors Group 2024 Group 2023 Charity 2024 Charily 2023 Other debtors 651,232 11,218 651,244 11,218 Dividends and interest receivable 67,292 98,880 44201 88,441 718J24 110,098 695,445 99,659 34

Community Foundation serving Tyne & Wear and Northumberlalld Notes to the financial statements for the year ended 31 March 2024 (continued) 14 Creditors: amounts falling due within one year Group Group 2024 2023 Charity Charity 2023 2024 Other creditors and accruaIs 433,071 411,264 433,071 411,264 Taxation and social security costs 24,646 26,105 24,646 26,105 Grants payable 1,639,798 1,045,070 1,629243 1,019,090 2,097,515 1,482,439 2,086,960 Other creditUTS inLludL an amount totalling nil (2023.. £328,190) relating to amounts due to an organisation ot outstallding grant commitment transferred from Northern Rock Foundation under deed8 of assignment as part of their winding up process. Ibis agreement has now been terniinated and the balance released to it]come creating an unrestricted tiind. 1,456,459 15 Creditors: amounts falling due after more than one year Group Group Charity 2024 2023 2024 Chlty 2023 Other creditors and accnlals 668,550 668,550 Other cr¢dilors relat¢ to amoLtS due to outstanding giraT]t LOrnTniiments to an organisation of transferred from Northern R()ck Foundation under deeds of assignment as part of Ihcir winding up process. This agreement has now been ILrniinaled and the balance released to income creating an unrestricied fund. 16 Taxation A% rcgistcrcd charities, the Community Foundation, Joseph Brough Charitable Trust and Tyne and Wear Foundation Trust are entitled to the exemptions from Éaxation in rLspccl of income and capital gains received within categories covered by s505 Incom¢ and Corporation Taxes Act 1988 and s256 Taxation of Chargeable Gains Act 1992, to the extent that the income/gains received are applied for charitable puryoses only. They are therefore not DOTmally liable to UK Income Tax, Corporation Tax, or Capital Gains Tax. 2024 2023 Corporation tax payable 35

Community Foundation serving Tyne & Wear and Northumberland Notes to the financial statements for the year ended 31 March 2024 (continued) 17 Endowment funds The expendable endowment fimd is treated by the Directors as a long-terni capital fimd to provide income for future granl-making. Endowment donations received are allocated between unregtricted and restricted nds in aLLordancc with Ihu policy for ¢ach income fund. Jos¢ph Brough Clwithble Trust and Tyne and Wear Foundation Trust both hold pennanently endowed fimds. Group Charity At l April 2023 89,229,008 86.252,612 Transfers between fiJnds: Total returns endowment wirhdrawal (2,902,300) (2,902,300) Transfers to endowment from income fimds 192.337 192,337 F.xceptional withdrawal fri)m endowmcni fun(Ls (103,713) (103,713) Ncl incomc beforc Iransfers 9,428,131 9,138,687 At 31 March 2024 95,843,463 92,577,623 'I'he C'ommunity Foundation (Charity) operates a total returns investment strategy and withdraw8 income from ihc Lndowmcnl funds al a rate of 60/0 per annum to credit income ndS to pay for grants and running C05ts'. The differenLe between the aLtual cndowmcnt income received on the investmerAts and the total withdrawal figure was £2,902,300 (including C.()mmunily Firsl indLxcd gain wiihdrawal) and is shown as a transfer from the endowment tund. A withdrawal of £3,713 was made from the Jcrcmy Beecham Schools Fund and £100,IX)O from The Chronicle Sunshine Fund, both of which were used io cover grant- making commitments during the year. 36

Community Foundation serving TyDe & Wear and Northumberland Notes to the financial staten)ents for the year ended 31 March 2024 (continued) 18 Income funds - restricted The Community Foundation receives income and donations b()th f(pr gcncral charitable Purposes and also for more specific areas and issues. ALL gyrants dre approvwj by the Bi)ard in consuliation with individuals and companies who have set up funds within Ihc Community Foundation for gratit-making. Funds are deemed to be restricted either if they havL' bLcn donalcd for a specific purpose or appeal, or if the donor has made a request that they are tipplied iT] onL arca or fiel(L Siuce the year end the funds in deficit at 31 March 2024 have received sufficienl fuT]ds lo relurn them to credAt. Other outgoings & transfers Al l April Income 2023 & transfers At 31 March 2024 Grants

iwll

Frank Acfield Abbot Memorial Grants Akzo Nobel tnternational Paint Akzo Nobel International Paint Community First Amec Legacy and Futureb Asian Sttjart Ayre Nancy Barbour Award Jererny Beecham Schools Bellingyham Berwick Academy F.ndowmenl Blackett Family Community First EDF EnerLy Blyth Ottshore Demonstrator Wind Ftwm Community Benefit F.nid Blyton Fund for Scvcn Srories Bowey Community First Ron & I.oui5e Bowey (ir&8srools Carolyn and Tony Brookes Burnell Community b'irst Lawrence Campbell Community tr'irst Canford Audio Chapman Chronicle Sunshine Community Accelerdtor Fund for Northumberl8nd Community Accelcrator Fund fc)r Tyne.4ide Commurtity Accelerator Fund for Wearsid¢ Community Cbest (UKSPF) The Community Infrastmctyre Levy (CIL) Sir Tom Cowie AbiJil & Ste . Carried fon¥ard (19) 676 1,100 19 902 1,578 I,ioo 641 3,868 3,227 8,506 4,272 6,750 5,346 1,720 5.134 5,096 2,415 8,300 12,000 9,000 1,720 6,000 4,900 4,300 4,972 3,256 618 3.499 351 1.779 4.013 2,633 447 (106) 7,34 100 (i) 3,549 3,270 278 38,871 75,482 96,862 6,862 10,629 44,402 44,402 3,307 1,251 11,346 3,233 14,089 2,000 564 2,484 5,954 1,192 14,481 2,589 493 23.037 107.184 8,543 1.000 685 5,647 i 00,000 31,871 7,184 15,000 15,0(M) 21,000 600 20,400 15.000 325.753 15.000 325,753 34.522 92,816 567 217,137 181,932 66,803 1,689 938,042 150,385 157,500 9,097 56,972 2,119 756 246,464 en Cram ton 860,18) 48.530 37

Community Foundation serving Tyne & Wear and Northumberland Notes to the financial statements for the year ended 31 March 2024 (Lontinued) 18 Income funds - restricted (continued) Other outgoings Grants & transfers At l April Income 2023 & transfers At31 March 2024 Brou,,ht forward Crechemobile The Louise Dalton Duncan & Sarah Davidson Pamcla and Dorothy Denham Pamela Denhilln Community First Pamela Denham Grdssroots David Dockray's West End Young Peopl¢'s Dream Jar Andrew and Charlotte Dixon The Edwin John Easydorchik Trdvelling Scholarship Evangelical Express Enterprise 217 137 35.304 3,031 403 938,042 4.862 2,595 5.569 2,532 860.185 30,000 4.000 3.700 2.539 48,-530 246 464 10,166 1,626 2,272 (7) 461 461 10,999 547 (98) 41,807 1,883 1,229 44,600 2,025 25 8,181 405 1,131 20,304 22,148 554 50,937 2,590 5,198 7,586 1,067 21,833 1,948 12,000 10,000 13,502 19,734 1,621 72,770 2,038 David & Gitta Faulkner Fausta and Rosemary Community First Fergusons of Blyth Fogo Community First David Golthnan A wards Allison Greenlees Continuation The EDF Energy Green RigL Wind Fam Community Benetit The EDF Energy Renewables Bamioor Windfann Community Bcncfit Jackic Haq Fund for Scotswood Henderson Family Heyman Travelling Scholarships Joy Higgillson F'und for ChildrerA North East I lokey Cokey Comrnunity First Hoult Family Community First Hoult Family Grassroots The HunterPemberton C()mrnunity First JcsDesSiaff RWE Renewables UK Kiln Pit Hill Wind Farjn Community Joyce Trust Josephs Family JPMorgan Kellett Kery Community First Endowment KerTr Grassroots Carried forward 2,500 7,887 6,999 14,400 486 26,912 5,558 26,912 3,000 2,5515 45,287 40,944 37,086 8,6UO 40,545 27,427 I,ioi 2,201 (1.841) 171,613 2,108 1,304 9,249 88,330 15,687 95,023 3.209 3,155 7.408 350 6,277 2,186 8,463 202 2,366 665 3.326 2.049 1,861 2.069 1.861 3,306 21,192 25,422 11,994 1,202 2.207 342.654 5,228 8,000 2,500 2,311 39,075 3,994 (i) 4258 129,794 1.297 7.051 321.299 5.000 534.159 2,513 1161 2,141 2,958 811,216 1,697,359 3,394 4,981 1,714,646 280 118 711,218 38 82.711

Community Foundation serving Tyne & Wear and Northumberland Notes to the financial statements for the year ended 31 March 2024 (continued) 18 Income funds - restricted (continued) Other ulgoings Grants & transfers At l April tncome 2023 & transfers At 31 March 2024 Bmu,,ht forward June King Latterford Lendrum Conununity First Capt. C.D. Leyland Linden Commwiity First Local Environmental Action George Loggie The Lady Bety and Sir Lawrence Martin Grigor M¢Clelland Community First Moor Nash NEF Grassroots NET CoronaviThs Appeal Newcastle Culture Investment Newcastle Dispensary Relief in Sickness North East Cultural Learning North East Endowment for Musical Traditions North East Fund for the Arts The North East Roots North East Social Envestment Northern Angel Fund for Berwick North Tyneside Northumberland Group Northumberland High 8hcTirr 811.216 1.697 359 3,601 644 24,552 3,701 1714 646 3,600 711.218 2,429 (483) 10,215 3,073 1,073 6,838 20,996 7,078 2,000 25,804 719 14,473 1,149 36,466 (232) 763 3,048 2,100 2,007 7,707 4,365 5.349 804 804 1.562 9,305 1,535 1,562 10.000 5,000 (695) 3,124 6,589 27,350 607,620 602,045 22,500 10,425 925 (908) 3,798 8,052 4,000 8,1100 723 (856) 13,339 (592) 5,985 5,923 117,764 11,700 7,624 5,331 99,274 2.325,0110 12,000 6,490 5,000 2,330,000 1,566 (31) 66,645 23,948 1,711 30,780 15,500 1,680 2,000 60 9,954 95,425 44,607 80,894 53,000 41.893 30.608 Northumbcrland Villaqc Homes Trusl Northutnberland Wildlife Trust Oul & About The Pargiter Trust Anne & David Parker Participatory Grant-making Fund - Black, Asian and minoritised ethnic communities Participatory Grant-making Fund - Sunderland Partnership programme Patch Pea Green Boat Community First Pen & Pal¢tte Club Fund within the North East Fund for the Arts Percy Family Philanthro )1 House Carried forwaTd (1,810) 107,911 1,694 4,860 80,000 7,961 95,450 1,694 3,724 62,250 3,000 8,000 2,651 5,677 6,813 9,750 6,058 8,000 1,097 100,000 100,000 118,820 137,747 8,593 65,341 (27,520) 65,341 5.102 13,933 14.000 5,035 (901) 26,904 25,000 1,003 5,202 7,011 749,893 4,178,815 3,127,020 4,414 8,460 8,060 10,590 1.556 4.881 749,893 4.179,563 39 2.874,921 251,351

Community Foundation serving Tyne & Wear and Northumberland Notes to the financial statements for the year ended 31 March 2024 (eontinued) 18 Income funds - restricted (continued) Other outgoings Grants & trnnsfers At l April Income 2023 & trausfers At 31 March 2024 Brou,,ht forward Playschemes Platten Family Community First Port ot"Tyne PNdhoe League of Friends (ieoffrey and Ann Purves Ivy and Gilbert Purvis Ray WindFann CIC Small Grants Progranime Ray Wind Farni Small Grants Progranune Readman Comtnunity First Readman family Grassroots Readman Foundation ca7¢ Reay Grassroots REEDS Community first REEDS Grassroots Riddell family Community First Riding Grange Grassroots Ringtons Community First Rivrebank Jane Robertson Alnwick Brian Roycroft RWE Innogy UK Middl¢moor Wind Farni Community Srnail Family Sowler Family UK Charitable Spriggs Family Community First 8hi)hba & Trik()li Srivastava Commutaity Fir8t Sunderland Industrial & Reforniatory School Suz Grassroots Taylor The Glasshouse International Centre for Music The South Tyneside Know Your Neighbourhood Third SeLtor Trend Thornlon Family CJr&ssroots Tiny Lives Tyne & Wear High Sheriff Awards Tyne & Wear High Sheriff Community First Tyne & Wear Grassroots Ventient Sisters North Steads Wind Fann Community Benefit Vickl F Grassroots CaJYied fonvard 4.178 815 3 127,020 23.234 75.707 2 874,921 89.29) 251,351 2,151 4 179 563 7.495 38.1)00 3,377 1,824 473 4.809 3,800 29,391 6,839 3.462 909 2,733 473 73,319 71,211 2,108 538 537 70,648 37,221 (214) 64,205 28,205 106,648 37,221 3,607 3,393 24,133 (414) 3,134 27,382 14,044 2,980 31,194 13,472 5,945 20,321 158 169 13,185 7,545 24,525 11,300 8,000 19,963 1,125 760 6,676 12,847 7,131 8,321 36 (10,984) 3,8111 2,283 10,985 {236) 2,283 4,115 69 317 194 51 1,852 6.537 3,223 1,304 1,524 18,457 loo 6,000 15,000 3,056 2,061 6,680 646,424 646.424 16,112 22,993 977 608,267 22,500 3,677 146,355 585.953 22,044 1,020 16,382 44,473 2,654 2,000 146,355 7.556 40.293 43.000 4,849 2,458 771 2,950 279 174,605 4,930 4,673,307 5.085,032 185,462 142.550 5,000 4.748.539 53,448 164,069 1.207 4,621,024 40 388,776

Community Foundation serving Tyne & Wear and Northumberland Notes to the financial statements for the year ended 31 March 2024 (continued) 18 Income funds - restricted (continued) Other outgollng5 GTts. & transfers At l April Income 2023 & transfers At 31 March 2024 Broutht forward VirgTn Money Vital Gatesheiid Vilal Newcdstle Vital North TynLsidc Vilal N()rthumbcTland Vilal South Tyncside Vital Sunderland Waiting WelllPrepariThg Well 'I'ed Weekes '17)e Wellesley Trust 'll)e Wellesley .1 rnst Community First The 1989 Willan Charitable Trust Mark and lan Wilson family CH Wood Wornen's Women's Community First YounLI Musici<ln's Total CommunitN Foundation Joseph Brough Charitablc Trust Tyne and w¢4 Fi)undalion Trust TyrA¢ & Wear Foundation l.irnited 1301 Total Grou 4,883,691 6J67,264 5 930,112 502,430 In¢om¢ transfers include credils of £1,435,965 transferred from the main and ethiciil ¢Ttdowment funds lo distribulc as income on a total returns basis and £511,626 ot other transfer.%. Other outgoings includL tran8fcr5 between funds of £468,937, amortisation of Prograrnrne Related Investments of £5,000 and olhcr fund expenses of £28,493. The Women's Fund includes income from Fausta and Kosemary Community First fund and Pamela and Dorothy Denham tund, Brian RoyLrvft fund includes income from the 'fessa Hide fund, Local EnviroA)m¢ntal fund includes income from Ivy and tiilbert Purvis fund and Sandra King Rainy Day fimd, and High Sheritl ot'Northumberland Youth fund includes income from the Burnell Farnily and Comrnunity First funds. 4 673.307 5,085,032 823 3,296 335 7,092 5,019 5,113 393 1,597 263 17,248 1,280 6,161 78,302 12,188 267,983 4,748 539 388 776 4.621024 4,119 6,692 5,132 1,990 15,993 1,287 1,975 244 11,863 (1,723) 735 5,000 1,500 18 27,314 31,500 6,465 71,592 17,070 279,290 16,745 44,335 34.751 9,938 3,350 4,777 45,847 739,369 2,135 4,660 32,346 699,599 2,500 5,955 42,200 40,208 9,500 2,985 3,482 35,357 636 1,584 6,495 4,834,1136 6 270 297 26,242 73,812 5,850 5 879 830 44,427 502,354 30 4,722,149 23,443 23,155 5,855 46 40,697 1301 4,818,413 19 Income funds - unrestricted As well as a general administrative unrestricted fijnd (included below for Ll)mplclcness) the Community Fowidation holds the following designated ndS which the DireLlors rLgard as unrestricted because they are used for g¢neral charitable purposes in the Community Fi)undalion's area of benefit although grants may still be made on recommendations from the d()nc)r. The funds are to be used for grant-making and grants are awarded throughout the year when cc)mmillces meet alld make recollunendations to the Board. Since tbe year end tbe fun(L% in dcficit at 31 March 2024 have received sufficient ndS to return them to credit. 41

Community Foundation serving Tyne & Wear and Northumberland Notes to the financial statements for the year ended 31 March 2024 (continued) 19 Income funds - unrestricted (continued) OtheT outgoings & transters At l April 2023 Income & transt.ers A131 March 2024 Grants Adderstone AJM Anonymous Appletree Ashington Community Development Trust Barley Hill Barnes Christopher Bcadle Charles Robert Bell John Bell B¢llway Sara Alexandra Bornslone Bonas Machine Company Ron and Louise Bowey Dawn Brown Stephell Byers The Muriel Campbell Carr-Ellison Charitable .1 rust Ca011 Savage Chrysalis Community Investment Daphne & Martin Cookson Roland Cookson Fund for the Charlotte Straker Project Roland Cookson Community Coquet Cost-of-living Crozier Curtain PARP Jobn D Endowment Dickoll Trust Elgon Fogo George and Peggy AdriarA and Lngrid Gifford The Giving Network Margaret and Dorothy Gordon Memorial Groves Family Michael and Christine Hcppcll Bill and May Hodgson The Hokey Cokey (that's wbat it's all about) I'èknson Family If only... Sir James Knott John Laing William Leech ChariT CaLTied forward 536 2,001 4,329 1,397 11,304 1,122 3,039 23,184 11,840 2,000 1.123 7,368 (405) 24,986 11,738 817 182 3.626 14.146 54.599 3,689 (61) 1,399 28,900 330 3,051 2,511 4,090 414 894 3,522 3,628 7,052 4,977 13,912 61,246 2.806 4,1121 1.757 35.659 1,355 7,674 1.469 21,639 5,91l ,801 965,210 5,078 15,250 2,500 7,225 8,540 16.500 41,700 io 1,945 63 11,558 24,727 49.418 6,495 700 250 500 49,920 1,685 3,810 2,6.f6 10,725 3,980 1,229 (225) (5) 763,321 4,773 24,500 6,550 2,700 173,290 250 28,599 (55) 66,153 19,819 66,153 23,155 18,560 3,574 22,571 2,612 2,116 (1,878) 4,211 3,375 763 5,038 44,777 12,578 70,022 ,052 32,624 5,435 I,ii i 2E,952 5,038 16,607 (2,071) 881 444 8,242 1,103 1,979 9,479 59,389 9,056 67,136 1,995 1,451 (1,233) 1,496 1,709 3,538 5,000 39,157 3,000 2,800 21,322 944 9,165 1,197 5,215 700 7,650 497 226 2,661 2.535 (486) 3,094 16.029 5,629 543 11,000 4.000 1,250 6,938 3,695 2,630 1,449 2,065 4.921 21.010 1,530,795 1,464 7,000 1,449 2,065 5,000 3.481 2,568 4.975 2,246 224,073 4,896 17,256 910,516 42 6,000 IO8,310 736,042

Community Foundation serving Tyne & Wear and Northumberland Notes to the financial statements for the year ended 31 March 2024 (continued) 19 Income funds - unrestricted (continued) At l Aprll 2023 Income & transfers outgoings transfers Al 31 March 2024 Grants BrouLht fonvard Leech Challenge Brian Lewis Linden Family FB & PFB Lough (irigor Mcclelland Daisy Marr Maudslay F-amily G S May bamily Mclntosh Milburn Briel Muckle LLP Naylors Gavin t41ack New¢astle Building Society Conununity mma Newton North East Brewers Northem Gas Networks Community Partnering Northern PoweTgrid Northumbrlan Water Opencast Charitable Partinson Estate Agents Platten Tr'amily Pricewaterhousecoopers Prime Proudfoot family P&G Guy Readman endowment Matthew Ridley Ringtons Rolls-Royce St Cuthbert's John & Barbara Sadler & Jeanette Hender50n Johnnie & Tricia Smith and Family Barry & tr aga Speker Spriggs F'amily Squtres Foundation Shobha and Triloki Srivastava Grassroots Star The TeTnple Tess Brian & Margaret Thompson Tr¢cline Vaux Ward Hadaway Watkin Famil Carried forward 224 073 1530 795 2,979 82 100,784 97,682 L3,675 27,794 2,250 6,500 1,554 16,170 49,478 3,442 736 042 108 310 753 910 516 2,226 82 295 9,240 34,966 2,080 1.857 1.975 .554 8.135 19.140 2,743 (3,506) (1,429) 21,291 8,185 2,307 4,475 96,983 87,013 33,899 2,700 7,500 1,500 8,397 12,331 1,373 16,432 -38,060 2,072 4,609 (65,255) 2,084 287,846 4,787 5,975 83,322 1,689 111,080 28.189 5.l82 975 5,000 13,754 (431) 1,692 57,500 15,412 5,974 66,406 9,326 158,119 1,775 162,291 1,387 53,725 159,303 1,157 55,365 2.469 1,998 63.754 7,500 1,000 13.981 8,026 (360) 58,764 13,000 337,565 1,500 155,960 1,520 53,948 346,947 7,640 300 58,997 5,585 438,031 2,286 (8,077) 2,305 (199) 343,618 2,067 348 2.952 (205) 1,611 199,588 2,561 (1,746) 2,172 (422) 105,974 3,224 50,000 55,612 5.700 1,793 100 {279) 1,852 5,560 5,100 2,312 401 983 4,I82 1,179 1,192 71,977 4,500 1,500 1.000 66.200 83 662 192 (2,028) (66) 7,739 310 2.069 2,653 9,370 1,500 6,000 1,463 4,439 1,000 5,395 2,939 1,492 3,257 7.938 11.247 27.188 3,054,174 8,334 1,492 3,500 1,566 361 2,240 12,271 1,045,436 1,323 218 1,487 6.297 1,388,632 43 8,081 600 11,400 33,162 2,336,769 374.209

Community Foundation serving Tyne & Wear and Northumberland Notes to the financial statements for the year ended 31 Mareh 2024 (continued) 19 Income funds - unrestricted (continued) Other outgoings & transfers At l April 2023 Income At 31 March 2024 Grants transfers BTOU.,Iit forward Weighth)an Welch Family Wide Open Road Willis Charitable The Lucy Winskell Winter family Robert Wood Trtt Other general grant-making fimds Total designated ndS Administrative Total Communiti Foundation Total Groui) 1,045 436 3 054 174 62 3.770 1,322 9.904 10.266 1.097 15,242 4,299 2,336.769 2,000 1,000 10.809 4.500 1.097 14,987 374,209 300 1.388 632 1.532 322 44 6,306 949 540 (255) 1,458 5,757 243,645 207,198 1,291,835 3,307,272 773 270 1497,814 2,065,105 4,805,086 2 065 105 4 805 086 21,340 2,392,502 196476 570,985 1,371414 1942 399 1942 399 233,027 1,635,620 899,670 2 535,290 2 535,290 2,392.502 2 392 502 Income at)d transfers include £1,466,335 transferred from the niain and ethical endowment funds to distribute as income on a total reNrns basis and £438,725 of other transfers. Other outgoiugs and transters con51St of £570.038 IraT]sfcrrcd bctwccn funds, £1.074,263 starr co%ls, £B.433 dLSIated fund expenses and ()ther net (Idm inistriltive Losts of £289,665. A number of funds contribute to the Communiry Foundation's general unrestricied Lyrant funds, including Crosshatch, Crozier, Tony Fouows Legacy, lan and Jane Gregg, Greggs plc, Sir James Knott Trusl, Mitford, Esmee Slattery, Templeton, Three Valleys, Tolent, Tyne Tees Television, and two anonymous fun(ts. 'Iwo funds ¢onlribute directly to the administrative fwid, Konald Edward Williatn Murray and Hadrian 'frust. In addition to the ndS listcd in resiricted and unre.%triclcd funds ihcre are 5 acorn type funds at Ihc year cnd, a numbcr of which currcnily donatc thcir incomc. t() (?thcr funds and they will appL<W in the above andlysi% onLe they re{h malLLrity. 20 Analysis of net assets between funds Group Unrestricted nds Restricted Endowment nds funds 2024 Total Investments 939,356 94,836,862 95,776,218 Tangible fixed assets 23.786 611.250 635,036 Current assets 3,152,83 I 4,723,995 1,006.601 &883,427 Cuent liabilities (641.327) (1.456,188) (2,097515) Total net assets 2,535,290 4,818,413 95,843,463 103,197,166 44

Community Foundation serving Tyne & Wear and Northumberland Notes to the financial statements for the year ended 31 March 2024 (continued) 20 Analysis of net assets between funds (continued) Chydrity Unrestricted runds Restricted Endowment funds fimds 2024 Tolal Investments 939,456 91,571,022 92JIO,478 Tangible fixed assets 23,786 611,250 635,036 Current assets 3,152,831 4,617,076 1,006,601 8,776,508 Current liabilities {641.327) (1,445,633) (2,086,960) Toliil net asseL8 2,535,290 4,722,149 92,577,623 99,835,062 21 Pensions ThL C'(Trmmunily Foundalion contributes to a defLned contribution group pension scheme tor all staff. The assets of the schemes are held siparalLly from those of the Conllnunity Foundation in independcntly administered nds. The pension chargye represents Lvntribulions by the Cominunity roundation to thc funds and amounted to £55,969 (2023: £49,425). The amount outstanding in contribulions at 31 March 2024 ivas £974 (2023.. Nil). 22 Subsidiary company and charities Thcse financial statements are Consolidated to include the fmancial transactions of the fvllowing as requirLd undL'r thc %thicmLnt of ReCOrnended Practice: Tyne & Wear Foundation Limited- wholly owned subsidlary Joseph Brough Charitable Trust - sole trustee Tyne and Wear Foundation Trust - sole trustee A8 pcrniil¢cd by section 408 of the Companies Act 2006, and by paragraph 422 of the Statement of ReLommendcd Practice 2005. no separate company Statemerlt of Financial ActivitFes has been presented for the Community Foundation serving Tyne and Wear and Northumberland within these fmancial statements. The Company's gross income for the year was £9,304,923 (2023.. £5,807,197) and its net income for the Ye was £6,683,309 (2023: expendimre £7,674,196) after the addition of gains on investments of £7,318,41 O less bad dcbi provision of £5.000 (2023.. losses £4,242,514 and bad debt provision of £50,000). The ConLrAunity Foundation owns the wholc of thc issued share capital of Tyne & Wear Foundation Limited, a ¢ompany registered in England (Company number 3971646). 'I'he subsidiary is used tt) Larry out larger fundraising events on behalf of the chtirity. Thc company was inactive during the year and therefore the amount gift aided to the Coromunity Foundation was nil (2023: nil). 45

Community Foundation serving Tylle & Wear and Northumberland Notes to the financial statements for the year ended 31 March 2024 (continued) 22 Subsidiary company and charities (continued) A summary of results of the subsidiary company is shown b¢low-. Total Tolal 2024 2023 Turnover Cost of sales Operating profit Administrative costs Net profit 'Ibe aggregate of the assets and liabilities was: Tolal 2024 2023 Assets 82 70 Liabiliti¢s (12) Net assets 70 70 The Community Foundation is sole trustee of Joseph Brough Charilablt. TTU8I. a rcgistered charity (Charity number 227332). All activities of the chartty have been consolidated on a line by line basis in the SOtr'A. A summary of the results of Joseph Brough Charitable Trust is shown below.. Total Total 2024 2023 Investment income 78,812 50,176 Cliaritable activities (49,457) (87,160) Investment management costs (2,811) (7,719) Gaillsl(losses) on investments 214,591 (130,0)) Net movement in funds 241,135 (174,793)

Community Foundation serving Tyne & Wear and Northumberland Notes to the financial statements for the year ended 31 March 2024 (continued) 22 Subsidiary company and charities (continued) 'rh¢ aggregate of the assets, liabilities and fiLnds was.. Total Total 2024 2023 A55ets 2,432,045 2,208,890 Liabilitics (7,000) (24,980) Fund$ 2,425,045 2,l83,910 Represented by: Total Total 2024 2023 Pernianent endowmLnt fund 2J69,448 2,157,6611 Kestricted funds 26,242 Funds 2,425,045 2,183,910 The Community Foundation is also sole trustLC of Tyne and Wear F'oundation TrusL a registercd Charity (charity number 1030800). All activities ot the charity hdvc bccn consolidated on a line by line basis in thc SOFA. A summary of the results of Tyne and Wear Foundation Trusl is shown below.. Total Total 2024 2023 Investment income 28,726 23,545 Investment management costs (1,790) (5,567) Charitsble activities (11,472) (23,835) Gains/(105ses) on investments 79,454 (60,276) Net movement in funds 94,918 (66.133) 47

Community Foundation serving Tyne & Wear and Northumberland Notes to the financial statements for the year ended 31 March 2024 (continued) 22 Subsidiary company and charities (continued) The aggregate of th¢ assets, liabiliti¢s and fid5 was: Total Total 2024 2023 Assets 940,644 843,171 Liabilities (3,555) (1,000) Funds 937,089 842,171 Represented by: Total Total 2024 2023 PcrnianLnt endowmcnt fuT]d 896,392 818,728 Restricted fijnds 40,697 23.443 Funds 937,089 842,171 23 Related party transactions In the ordinary course of the Community Troundation's activities, it ha5 awarded grants to other chdriliLs or organisalions Lhai havc cornmon Trustees/Directors, or whose employees are Directors of the Community Foundiilion or where Tncrnbers of the Executive Team are TrusteeslDirectors. All grants have been dwdrded using the Sdme guideling% &s any oiher granl. DirLclors and slaIfarc always required lo d¢¢lare their interest in any organisdtion being L()T)sidcrLd for a granl and do not lakc part in any su¢h decisions. During the year Directors and their associated cornpanies donated a total of £274,452 (2023: £165,224) to Community Foundation named endowment and revenue tunds, and £945 (2023.. £1.142) was donated by members of the Executive Staff Team. 48

Community Foundation serving Tyne & Wear and Northumberland Notes to the financial statements for the year ended 31 March 2024 (continued) 23 Related party transactions (continued) Full details are given below of gTants awarded during the year to related charities and organisations. Organisatloll Directorlemployee involved Relationship Total grants Derwenthaugh Boat Station Lucy Wtnskell OBE Honorary Presidcnt Trustee 1,000 International Centre for Life Lucy Winskell OBE Pam Smith 11,996 Newcastle City Council - Care Leaver Team Employee 22,153 Newcastle upon Tyn¢ Hospilal8 NHS Charity New Writing North North East Theatre Trust Jill Bakcr Chair (to June 2024) 1.000 Claire Malcolm MBE Lucy Winskell OBE Stella Simbo Employee Trustee 20,000 13,947 17,216 16,855 Success4AII CIO Ernployee TNstee VQNNF. Colin Hewitt During the year. the following transactions were made between thc maiT] charity and ils subsidiaries. Subsidiary Nature of tran$actlon Value Joseph Brough Charitable Trust Tync & Wear Foundation Trust Tyne & Wear Foundation Trust Paid Community Foundation for administrative services Paid Community Foundation for administrative Services Paid Community foundation a grant for the Kellett Fund 5,000 4,478 1,093 49

Community Foundation serving Tyne & Wear and Northumberland Notes to the financial statements for the year ended 31 March 2024 (continued) 24 Cash flow information for the Group Reconciliation of net income to net cash flow from operating activities 2024 2023 Nel income/(expendilure)for the year 7,fi19,362 (7,915,122) Adjustments for: Receipt of endowment (2,082,191) (874.489) Depreciation charges (Gains)nosses on endowillent ynvestjnents 27,272 33,169 {7,612,455) 4,432.¥J80 DeLrease in &tssels hcld for rcsale 14,WO Loss on disposal of red assets Losses on programme related investments s,000 50,000 Dividends and interest from investments (2J12,962) (2,163,131) (Increaseydecrease in debt()r5 (608,426) 12,1195 DeL'rease in Lreditors (43,474) (400,783) Net eash used in operatlng activities (5,617,874) (6,811,381) Analysis of cash and cash equivalents 2024 2023 Cash at bank and in hand 3,604,748 2,121,366 Short-terni deposits 4,560,155 5,569,806 Total cash and cash equivalents 8,164,903 7,691,172 25 Ultimate controlling party The Directors do not consider that the Community Foundation (Charity) ha5 an ultimate controlling paty becaus¢ th¢ Communtty Foundation has a large and wide-ran¥ing mernbLT8hip who Ll¢¢t th¢ Board and would be required to agree any changes to the Memorandum and Articles. Due to thc structure of the Cornrnunity Foundation (CharÉty) tbe wup also does not have an ultimate controlling party. 50

2024-03-31-accounts

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