Community Foundation North East (formerly known as Community. Foundation serving Tyne & Wcar and Northumberland) (A company limited by guarantee) Annual financial statements for the year ended 31 March 2025 Community Foundation North East (A companj limited by guarantee) Annual financial statements for the year ended 31 March 2025 Contents Annual rcport for Ihc ycar ended 31 March 2025......................................-...........-.........................................-.... IndLpendent Auditor'% Rep(Irt t() the Members of c.ommunity F'oundation Nc)rth Last.. 13 Con.4(Ilidated statement of financial dLtivitiL% for the Jear ended 31 March 2025 . 17 Consolidatcd incomL and cxpcnditure account tnr the year ended 31 March 2025 ..........-..-..-...-.-...-..-.-...-...-... 18 BalancL shccts ￿ at 31 March 2025............................................................-..-......-..-.........-........................-...-.- 19 CunsolidatLd c￿h fluw statLmLnt for thc yLar cndcd 31 M￿h 2025 -20 NlotL'S lu IhL r￿n￿LIa[ slalLmLnls for thL yLdf LndLd 31 2025.......-.........-.-.......-.-......-..-..........-....-.-..-.... 21 Community Foundation North East Annual report for the year ended 31 March 2025 Introduction l-he Board presents ils report and the audifrd ¢onsolidaled finanvial staten]ents for the year ended 31 March 202). The Charity's full name is Community FuLtndation North East changing ils name from Community Foundation Sc￿.1n& -ryne & Wear and Northumberland on 16 Slptember 2025. The Communil}' I'oundation Nc)rth P.asl's charity. regi.4tration number is 700510 and the limited company numbtr 1% 02?73708. 'Ihe printiipal offiLC and rLgistcrcd oftitye is I'hilanihropy FIuu5L, Woodbinc Road, Gosfvrth, Newcastle upon .1 yne, Tyne & Il'L"ar NE3 IDD. The Chariiy is inLorpoialed in thc UnitLd Kingdom. J'he Community Foundation North b.ast cnmpriqes four sep￿alC organisations Th'hose financial statements and aclivilies arc consolidatLd within the gr()up. They are as follows.. Community Foundation North I,. ast- a Iirnilcd CoMp￿Y and main operating charily, alsu incorporating Cotnmunity Fir%t Trust. Tyne and Wear Foundaiic)n'l rust- a LharitdblL trust, which hold.q donaliiins ofpernianLnl LnduwmLnt to thc C()mmunity Foundation North Lasl (liroup). 'l-his has enabled se￿.eral hisloriL ￿h￿lIabIL t￿515 to bc tr￿sIlrrL.d to the C3roup. 'lyne & WLdr Foundation Limited - a trading company whosL profits. arL coven￿led to the C.'ommunily I'ounddlion Nurth I,"dst. I'hc trading company is mainly us¢d lur SPLiifiL largyc fui)drdi.%ing evenL8 but ￿aS inautive during thL yLar. Joseph Brough c.haritable TrusÉ - an endowed trust making grants in the historic counties ol. Durham and NorthumbLrl￿d, of which the Community l.ounddlion N()rth EdSt is .4ole tru.4tee. l-he Cummunity Foundation orth Easl also administers 'l'he bred Clay Tnjst, which has tis owi trnslee5 and rLporls' Sep￿alL1Y lo Ihc Charity Commission and lis lindncial inforniation is not included wiihin these rinanLial statetnenls. I'he Communiiy boundalion Notih East is a member of LIK Community Foundation.8 IUKCTr), registered charity number 10046311, ￿h]Ch 5UPPOrts and promotes good praLlice betw'een community foundations in the Uniied Kingdom. The Community F.oundation North F'ast manages certain funding programmes on contracts from UK Community Foundation5 but is not oiherwise subjeLt to any governance arrangements ￿1th LIK Communilj Foundations. Community Foundation North East Annual report for the year ended 31 March 2025 (continued) Advisers Independent Auditors Aiels Audii Services Bulman House Regent Lentre Gosforth NLw'Lastle upon Tjne NF.3 31.S Main Bankers Barclays13ank PLC NLwLastlL Corporate Services Barclays I louse 5 St. Ann'.% %trcet Quavqide Newudstle upon Tyne NEI 3DX Investment Managers Raihbone Invesltnenl ManagemeT]t LimilLd Earl GrLy EIousL 75-S5 Cirey Street N¥wLdStlL upon -I'Jne NEI 6EF Cai.cnovL L'.dPital I l.(Jnd()n Wall l)lace Lundon EC2Y 3AB CCl.A Inveslmeni Management Limited OnL AngLI LdnL London EC4R 3AB Solicitors Muukle l.I,P Titne Central 32 Gallowgate NeH'castle uwn T}'ne Nbl 4BI-. Community Foundation North East Annual report for the year ended 31 March 2025 (continued) Structurey governance and njanagemenl I'he Community Foundation North East is a limited company goN'erned b>, Memorandum and ArtILles of Association drawn up in 1988 and amended in 1990. 2000, 2007, 9017, 2018, 20? l and 202). The Memoralldum and Articles allow for four categories of members as follows= Calegor> A - voluntary organi5alions Category B - inditridua15 Cdteb)()ry C- slalut()ry' authorities Categi)ry D- companiesibusinesses Members have voting rights at thL Annual GLncral Mccting and reCeI￿e regular infomiation about Community Fi)undation North l..&st acliviliLs Ihrou¥houl thL year. MLmbLr.s ma). nominate L2ndidates f()r election to the Board. F.ach menibership ¢dtcgoFy eleLts Iwu mLmbLrs to thc Bi)ard cxLept li)r CateLiary C, where Board niembers are app()inied by mulual Lonsent. 'L'hL 13odrd may Lo-opt up tti fiN"e further member% and i_% rLquired to en.%ure adequate repre.qenlaliLin ihroughoul IhL arua ol bLnLfit. Board mcmbL"r.q.serve for a Ihree-year terni and may be elected/appi)inled for two further periods of thrLL yl￿5 cach. I"hLfL ￿rang£MCnt£ fi)r inductii)n, training and suppcirt of Hc)ard metnbLrs. f,duh nLW 13udrd MLmbLr is ¥iN'Ln an induLtion Pdck and attend.4 induLrii)n 8essinns with the executive leam n]LL"ts' IhL Chair. 'I'hL Numindliuns CommittLL rLViCWS %kills and experienLe ol'the Flnard menibers dnd tll' or contribution5 tu Ihc Community Foundation North F.¢￿1. 'J'hese are honorary p05ilions with rjo formal poM(ers or dulles. "I'he Board re￿.IL.￿cd appointments in September 2020. The current olrice holders e lisigd in the >edrix)ok and on the communit￿ FciunLldliun North Last's ii"ebsite. Thc liability of the members tor the dcbls and liabilities ol Ihe CoTllpJ￿Y 15 limited and in the ei'ent of the company being wound up wiTruld not exceed £1 per member. Th¢ Board has a 4chcmc of delenation which details areas where the Board has, ill accordancL with the Memurandum and ArtiLILS ()f As_4()ciatii)n, delegatLd deknisilins to individual IrustCL"s, lo sub-Lun]mittLe% or task groupb or lo Ihc cxcLulivc tcam. T'hc_schLme ot delegiation also covers Ihlise matters always rLsLfvLd r()r thL lull m¥mbLrship and the full Board. Thc delcgaled dfL'aq are segmenled inio Ihe follo￿l[t¥ LaLcgorics= govem9nc¥, audit & risk, opcrations and fin￿Ce, investment, and philanthrc)py and funding. At the year end Ihe ex¢cutivL tcam mcmbcrs rLswnsiblc for ddy-to-day managemenl of ihe C.harily delegated by the Iloard wLrL: liob Williamsun 0131.. C'.hiLf F.XLLuIivL ()fficcr Sonid Wdugh ChiLt' FinancL and C)per2ting (Il'licer John 14()Iling.qworth C'hiel-Philanihrupv dnd DLvLIupmLnl OIÈiLLr Adgun Lupdrdo ChiLFFunding) and Partner%hips Ot'licer AI thl ycar-end there was a total of 24 staff {full time equivalent 21.7). The Board h&8 a remuneration poliLy which covers Iht arrangements lor setting salaries Ihroughout the organisation including those stal'l-responsiblti fur day-lo-day managjcment. The Communitv Foundation North East has its own salary scale with gradub inlLndLd to be broadly LompatiblL' Thlth Lharities of a similar si7.e in thL' ni)rth of F.ngland, and ihose with similar funclions auross thL UK. BLcaust ol. ils leading PO.4ition in the ￿h￿lty, sLLtor, thL Lommunit! Foundation NorEh Last'b eKeLuil￿¢ sialf must have signi11L￿t cxpertise so it must be able to draw from thL best talLnt in a competitive mirkel. ExeLuliK'e staff roles arL iherctorL ungraded ,hiLh allows the Board lo be more fle.xiblc in setting Pdy iN'hen recruiting k]nd reviei¥'ing perfom]ance. All salaries are revieTh'ed annually by a sub-committee of Ihc Board with any recommendaiions tor pay increases presented to ihe full Board f()r approval H,hen it agrees the atmual budgct. ThL sub-L()mmittee takes a¢Lount of cust-of-living ri%L'S dnd inflation: external benchmarking datne & Illl'bdf dnd NorthumbLrldnd. l-he Tru5tLLs Lonfirm Ihdt thLJ have rLtirred to the su￿dance produbed by th¥ Chdril). Cotnmi55ion on publiu bL'nLfil whLn rLviL Thing thL" Lhdrity'% dims and objectives and in pldnning futur¢ ailiviliLs ￿LI grdnl-mdking and are Sdlibfivd Ihdl il mLLts' IhL fLquirLmLnts. Plans for future periods Plans for future periods are detsiled on page 9 of this report. Strategie report Achies'ements and performanee 2024-2) was the liiial %ear of the Community Foundation North Last's strategy lo 20•). ,4¢hievcmenls againsl the fiwe gi()alb sLt in that strateg). during the vtr￿ arL fLt out bLloH". More detailed d&s¢riplions ol-a¥tifvitiLs and their impact are inLluded in the Community, F'oundation F%'orth East's )'"Larbook. Community Foundation North East Annual report for the year ended 31 March 2025 (continued) Strategic report {continued) Achiei'ements and perfortllance (contlDued} Goal /.' endblg more andbeiierphilanihropy £4.4m in en￿o￿,ment gifts and £4.9m in revenue gifts were received. 9 new funds wcre cstablished. Donor el'cnt4 held in Newcastle, Northumberland and London Cvndu¥ted an anonj'mous donor satisfaLlion survcj Goal 2.. supporl our rggion s small local ¢harili¥5 undcommunity organisalions 1,224 g)rants (2024= 1253) totalling £8.93m (2024= £8.48m) were aw￿ded, exLe¢ding the baseline ol- £6.8m and thc five-year target of £7.5m.'I'he majority rontinued io be for amounts under £5,000. In total 601 organi.%ati()ns and i7 individuals were suppo)rted. Thc table below sh()ws the breakdown by fund type. Fund type r440 of grants Total award5 Indii'idudl fd. mil), funds C.'orpor2le funds Charity and Iru%l lund.q Ci)Ilective funds 4U7 2.184,873 8¥6,872 1,685.078 542,566 2,578,672 1,050,755 8,928,816 251 194 ProjLuls and partnLrship funds Aoency funds (benefiting a namLd Urg￿lSatiOn} Total grants awarded by the full Group 15¥ 1.224 Ran proL)rammes Th'ith NewLasile and li￿¢Sh￿l1 Louncils and took on the new Mayor's Opporltjniiy I,un for the Nurth East Combined Authority. 87 organisalions benefited Irom trustLc- and skills-matching, training and pro bono consultdncj.. Goal 3.. under.flandandacl c)n vilal £ssues uffeciing our communilies Published l O Vital Sign5 repK)rts. Ran our On ihe T able uotnmunily conkersdtions iniiiative engaging ncarly I,000 people. We dLliTrcred the Know Your Neighbourhood programmL in partnership with DCMS and UKCF. Goul 4." build and susiaip7 our endowmenl lo £IOOm and beyopld RcLcived b. £3m Icgucy from the estate of Steve and Christine Conwey RLLL"ivcd additional £ Im from Newcastle Building Soci¢t>' i'la dom]ant assets Published F.SG and net zero data against our responsible inwe51]nent Lommitments. Raiionalised our propert>. holdings. Goal 5.. be a shining example ofan effeciive chariiablefoundalion aLLounlable lo ihe people il.¥erves Undertook SErateg!' revie￿ anLI dciwelopment ol. new goals bdsed on wide engagement of stakeholders. BL'gan enerby etficiLnLJ retrofil ol our i)ffiLe premises. Maintained e.xL'ellcnLc in thL BL'tter Healih at li'ork- acLreditalii)n. Inlroduecd unline booking s} stem to allow Community Org￿]￿alI0nS lo usc our mccting space for Iree. Community Foundation North East Annual report for the year ended 31 March 2025 (continued) Strategic report (continued) Fulldraising I'he Community Foundation North Easl is reg?istered with the Fundrdising Regulator whiLh is the independent regulator of charitable fundraising. I'he approach ive take lo fundraising in the organisation mcets the requircmLTlts of ihc Charity Commission, Fundraising Rcgulator and Enformalion Cutllmissioner'5 Office. Almost all income generation aclivity is done b). Foundaiion staff directly or on our behalf ihmugh intr()duction8 made ambas￿dOrS and professional advi.sor%. We a150 cc)nneci Lo polential donor.q and partners thri)ugh neiThorking and by rdi8ing our profil¥ ihrough cummunicalion.%. Il'hen 'l is tr6ated bk thL Tru.slees &s long-lerni ¢apital to provide income fi)r future grant-maktng. Further deiails ol. perfom)anLe ol- subsidian, undertdkings dLtailed in note 21. The investments were managed ihroughout IhL year bw Lai.enowe Cdpital: Rathbone Investment Man<4emcnt and CCLA InvL'stmL"nt ￿(￿￿gement to au'hieve maxin)um total returns <￿d prO￿ldL. Be on track lo add at least £ IOM in new gifts lo end4)w'ment by 2030. Secure al Icdst £1.5m thruugh annuitl donor r¢￿enue funds > Average 701)/o of aT￿Ual gtanl-making from philanihropiL Lndowmcnl and rcvcnue funds (cxcluding third- party programmes) Invest in eommunities.. we will hamess more funJing and supporl to hdVL a long-tcrtn impaLI on thc challenges faLing our region's communities. > CJrow annual grant-mak.ing io £ l Om by 2010 > J.ever third-party programmes worth at least £3m annu211 minimuni lundinLi annually to %upport each impact area > (Jruw L()relunrL'striLted %upp()rt to 650/0 Ot-t(Ital a￿arded annually lllflueDce change.. WL will shinL a lig)hi on our rLgion's challLng>e% dnd u.4e our knowledgL dnd nehN'I)rk.s to ￿h￿1p10n aLtions whiLh bLLtLf dddrLS5 IhLm. IIOO/o uldunorSJ Pdrtners granlLLS fLFK)rting ihdt our policy and rLsLarLh initldlives importdnt. Enablers= gokernanue, people, operalions finance and Lotntnunications. IV salibfauti(In rdte dmung dunurs. ¥rdnlb¥s, sldrr dnd tFU5ILL5 > 6 /0 lotal return on investsnenls plus intlatic)n avera&Jed over 5 years > Break-even operating budgets annually factoring in designated reserves Our priorities for 2025-26 arc as follows. Launch strategi. and rLfrLshed br￿dIn￿ and nei4. communications plan. Introduce changies to unrestricted and discretianary funds lo bupp()rt strate&yiL tiinding gi)alq Delii'er a North East Roots I l(Ime¢oming series ()f events lo enbyagtr th¢ rtigion's diaspx)ra Dei'elop our policy and public affairs function Produce a ne￿ plan to align pro bono Nvork and trainingj with the stratLgy Implement a legacy gi￿Ing campai(yn Rei"iew and implement changes to donor onboarding Complete rerroFIl ol-our oifice premi.ses ComplelL changc of our legal name rollo￿1ng adopiion of new operaling name RL"￿'7Lw risk dppetite and thL risk rL"gister RLLruit its Lrusteti 1'aL￿LIL'S and rLViLW appointmLnls Ot'￿1￿L-prLS]dLntS 10 Community Foundation North East Annual report for the year ended 31 March 2025 (continued) Strategic report {continued) PriDeipal risks and ullcertaillties Ihe Board rcveii'es an annual assessmcnt of risk prepared by Ihe execuiive leam and agrees steps to mandge ribk. In December 2022 the Board revIe￿ed its risk policy for detennining, managing and reviewing the risks to ￿hich the Community Foundaiion North Last is exposed. I'he Board has commitied lo continue to review the risk policy every three yeapi. Thi risk regisler is reviewed quarterly bv th¢. l.'inance and Resources Committee. and dny significant Lhanges reported io the Bogrd. Evcry year, the Board receives a report on risk and approves an upddled risk register. I'he highest risks idcntificd in the most recent register dated March 2025 ￿'ere= Losin￿ Significant asset value System brLaLh or failurc The Floard reviews Lonlro15 alrcady in placc fi)r mitigating risks and iLlenlifiLs furthcr Ircalmcnt or monilc)ring rLquirLd to mdnagc thc identified riqks. The first risk nolLd atx)vc is linkcd t() the pertorniance and drawdowii from IhL L"ommunity Foundali(In North I,.asl's endoThmLnt lunds. Thc InvestmLnt C.i)nimilt¥e m¥61s rLguldrly with thL invL%tment manager.q tli discusb and rLI'iLw PLrlornianLL l)f the tunds, which dre in￿.¥￿t¢d in linL with thL Community F'()undalion North I',dsI's InvLSlmLnl PLiliLy. 'fhc B()ard agreed a new Invesln]cni PoliLy in M￿Lh ?023. 1.he B()ard agreed i() mainldill dn annual 60/0 Wlthdrawal from the mdin and eihiual lunds th p￿1 of it% 2020-2) .%trategy, deFEning Iri¥gtits ihal would prompt it t() rek'iew the wiihdrawal rate. Infldliun is slill a conLcrn tOL)ether with oiheF global issuLs and IhL Board will continue io keep these under LIu5c fL viLw. ThL sL'Lond risk 1.4 in recognition of the general risk of brLach or failure ot. %y£tems but also the overall incrL'dbLd risk faLcd by all c)rganisations ofcyber Criniti, both in IhL numblr and the £i)phi.qtlLation ofatldLk%. 'I'hL Q'.o)mEnunily Foundati()n North b.ast rebyularly [¥￿1¢w5 its protectii)n and other systems and hds vulnLrability' LLstS L￿riLd ()ut to help mitigaie this risk. 11 has rnaintained C.)"ber F.sseniial.q + accreditaiion. S) blLms drL baLkLd up regularly. Statejnent of trustees, responsibilities ThL irustees {who are also directors of Community l-.oundation EN'orth East for the purposes of companv law) are responsible for preparing the Tru51ees' Annual Report, Ihc strategic Report and the finanuial s￿lements in aLcordance with applicable law and Llnited Kingdom Accouniing stand￿ds (United Kingdom Generally AcLepted AcLounling PraLtice). Company law requires Ihe trustees io prepare financial statements for each financial year. Under companv law Ihc Irustees must not approi'e ihe financial statements unless arL satisfied that the￿ give a true and fair vicw of the state of affairs of the charitable Lompanv and rhe group and ot'the incoming resources and application of resoLtrLc& inLluding the income and expenditure. of the charilable group lor that period. In prLparing these financial statements, the trustees are required LO.. select suithble accounting p(Ilicies and then appli, them Lc)n%istently- obsLri.L IhL' Inethods and prinLiple% in the ('hatilies SOR[) 21119 (F'RS E02}. make judgements and estimates thdt arL rcasonable and prudenL Community Foundation North East Annual report for the year ended 31 March 2025 (continued) Strategic report (eolltillued} Statement of trustees, responsibilities (continued) state ilhcther applicable LFK Accounting Standards comprising FRSI 02 have been followed, subjeLt to anj material departures diSLlosed and explainLd in the financial slalemenls,. and prepare the financial statemenis on the going Loncem basis unlcss IL is inappropriatc to pre5umc that the charitable company will continue in business. The Trustees are responsible for keeping adequate ULcounting records ihat disLlose with reasonable accuracy at any time the financial rK)sition nf the charitable Lompany and the group dE]Ll LnablL ihutn tu Lnsure that the fin￿LIa1 S￿lements comply with the Companies Act 201)6. '1'hey are also responsible for Sareguarcl￿ng ihe dS5cI.s of the charitable Lomp￿! and thL giri)up dnd hence for taking reaqonable steps f()r ihe prevention and detection of fraud and other itTegularilie8. ThL TrustLL* arc restx)nsiblc for the maintendncL and integriiy of the charitable comp2ny'% webqiie. LLgisldtion in thc lJnitLd Kingd()m g)ovcrning the prepardti()n dnd dissemination ol- linancial statemenL8 may diifLr from ILg)islation in othLr jurisdiLtions. Statement as to disc105ure to our auditor5 In so fa. r ds IhL 'I-rustLiS arL awdru al IhL limL olapproving thL annudl rLport= there is no relevant audit inlomiatic)n of-which Ehe gmup's auditors are unaware- and the irusle¥s have eauh taken all sleps Ihal h¥lshL" is ubligLd lu Idkc ￿ a dirLclur ill ordLr lu mdkL themselves aware ot-any relevant audil infotmalion an¢J iu ¢siablibh Ihdi Iht audilors arL dwar¥ uL-Ihat intormation. Independent Auditors In dthurddnLL wilh sLtition 485 olihL Comp, for our audii worL for this report, or for the opinions we have fornied. Simun Brow] BA ACA DChA (Senior Statutory Auditi)r) For and on behallol- A7ets Audit gervices Ch￿tLrCd ACc()unL￿tI and %tstut(iry Auditor Bulman House RLgLni Cl￿tre liosforth Newcastle upon -lyne NE3 3LS Date....8. 1ts,..Z,i......... AzL'ts Audit SLrviLes is s trading ol'Azets. Audit SLrvices Limited 16 Community Foundation North East Consolidated statement of financial activities for the year ended 31 March 2025 Note Unrestricted Reslricled funds funds Enduwment tunds Total 2025 Total 2024 Income aJ)d endowments frotll: Donalions ILgacics 487,682 4,463,375 4,441,947 9?93,004 7,031,1144 ChatitablL" activities 62.554 4),991 Other trading autivitiL"S 29,000 2.0(K) 31,000 11,093 InvestmLnt inLome 1,295,n57 1,(Tr30,737 2J25,794 2,312,962 Total ineome and endoivtllelltS 1,874,293 5,496,112 4,441,947 11,812J52 9,401.SY) Expenditure oll: Raisin 343,457 343,457 321,82) Inveblment mandgL'mLnl LOSts 3 19,4U3 319,40J 266,-f li Ch￿l￿b]l aLlivitiLs 3,22.3,308 6.766.179 9,989,487 9,401,643 Total cxpenditure 3,566,765 6,766,179 319,41)3 10.652,347 9,989,983 Net {losqes)/gains on invLStmbnls (49,000} {711,743) {760,743} 7,607,4i5 Net iDcome/(10ss) (K,692,472) (1,311),067) 3,410,801 399,262 7,019,362 Transfers between funds 1,771,24i 296,466 {2,067,711 } Net movement in funds 78,773 (1,022,601) 1,343,090 399,262 7,019,362 Reconeiliation of funds: Tolal funds broughi fonN'ard 2,i35.290 4.818,413 95,843,463 103,197,166 96,177,8114 Total funds carried fonTr'ard ?,614,1163 3.795,81? 97,186,ii3 103,596,428 103,197,166 All i)f the abui'e re,sult8 arL dLYived from ei)nlinuing orcrati()i)s. All gains and Ic)ssLs which w'erc inLurred in th¢ curreni year and prior ￿ear are InLIude￿ aboi'e. 'I'he Lomparati￿L figLJres lor eauh Lategory of funds are shokvn in ihe notes to the aLcounls (note 2). Community Foundation North East Consolidated income and expenditure account for the year ended 31 March 2025 Note 2025 2024 Income - coutiuuiDg operations Donations and legacies 4,951,057 4,949,653 Charitable activities 62,554 45,991 OthLY trading acti￿lI)eS 31,000 11.093 Investment income 2J25,794 2,312.962 7?70,405 7,319.699 Expenditure - contin￿}ng operations Grants 8.816,944 8,-322.614 Stsrt Lusts 1,121,564 1,074,263 Other Los 394,436 326,5l)I 10,332,944 9,7?3,468 Net loss on inve.8tments (49,000) (5,000) Net loss for the year before transfers and tsxation (3,011539) (2,408,769) Transler trom endowment fund 2,067,711 2,813,676 Taxation Is Ilet (deficit)Isurplus for the year (943,828) 4U4,907 The total income of £7,37U,405 ¢()mprises £1,874,293 for unresiricled Lunds and £5,496,112 for reslricted funds &s shown in ihe statement OF financial activities. The total expenditure of £10,337 944 comprises £3,566,765 for unrLstricted thunds dnd £6.766,179 for restricttd funds as shown in the st&temenl of financ?al activities. 18 Community Foundation North East Balance sheets as at 31 March 2025 Registered company number 02273708 Group 2025 (iroup 2024 Charity 2025 Charit Note 2024 Fixed assets Endowment fund investments li 96,125,181 94,836,862 92,993,304 91,571,022 Social and other investments 1,016,904 939,356 1,017,004 939,4)6 Tangible assets 12 665J41 63i,036 665J41 635,0.16 Total fixed assets 97,807,426 96,411,254 94,675,649 93,145,514 Current assets Debiois 13 ,778,9S2 718,524 1,755,723 695,445 Cash on short-tLrm dcp()sit 4,613,936 4,56n,155 4,613,9J6 4,560,155 Cash ai bank and in h￿d 1063,546 3,6U4,748 1,760,768 3,520,908 Total eurrent assets 8,2i6,434 8,88.3,427 8,130,427 ¥,776,508 Creditor5: amounts falling due Ivithill oue year 14 (2,467,432) (2,097,i15) (2,460,432) (2,086,960) Net curreDt assets less current liabilities 5,789,002 6,71¢5.912 5,669,995 6,689,548 Total assets 103,$96.428 103,197,166 100,345,644 99,835,06? The fuuds of the charity: End0￿ment funds 16 97,186,553 95,843,463 94,054,676 92,577,623 Rcstricled income lunds 17 3,795,812 4,818,413 3,676.905 4,722,149 Unrestricted income fiinds 18 2,614,063 2,535,290 2.614,063 2,535,290 Total charity fullds 103596,428 103,197,166 100,345,644 99,835,062 ThL finanLial statements on pages 17 ￿ 50 were appro￿ed by the Board on 24 Scptembcr 2025 ￿'Lre on th ir behall'bJ= oorhouse Pdul Farqu Treasurer Chair 19 Con]munity Foundation North East Consolidated cash flow statement for the year ended 31 March 2025 Note 2025 2024 Cash Ilows from operating activities: Net easb used in operatiDg actiN'ities (6,272,476) (5,617,874) Cash flows from investing iictivities: Dividends and intcrest From investments 2,325,794 2,312,962 Purchase or rixcd ￿SCt5 {56,076) {4,423) Proceeds from the Sdlc of invcsltnents 20,975,464 45,035,581 PurLhasc of in￿'estmentS (22,975526) (43,264,659) SuLial invL51mcnts drawn do￿ {126,548) {70,0471 Iyet cash provided by investing aelivities 143,108 4,OU9,414 Casb flows froffj fjndncing activities: KtiLLipL of Lndowment 4,441,947 2,082,191 Plet casb provided by financillg activities 4,441,947 2,082,191 Change in cash alld cash equivalents in the )'ear (1,687,421) 473,731 Cash and cash equivalents at the beginlling ofthe year 23 8,164,903 7,691,172 Cash and cash equivalents at the end oftbe year 23 6.477,482 8,164,903 20 Community Foundation North East otes to the financial statements for the year ended 31 March 2025 Accounting policies Basis of preparation The financial statements have been prepared on a going concern basis under IhL" historical cost convention as modified by the revaluation of listed investments and fri'ehold investmeni property. The financial staLements have bcLn prepared in aCCord￿ce with Accounting and Reporting bfv Charities.. Statement of R¢commendi'LI PraLIiLe uppliLable tu charities preparing thLir accounts in aLci)rdanLe Thiih the Financial Repi)rting Standard appliLable in the U'K and Rcpublic of Ireland (F'RS 102) {eftective l January, 2019) - (C.hariiiis S()RP {FRS 102)), the F inancial Reporting Sting concern. I'herelore, Ihe Irustee5 dF¥ ol. IhL I'ILW ihdi thL Lharitsbl compdny and group hdVL sufticiLnt re.si)urLes tor ai le&sl the next 12 months IroTn the ddt¥ uf dppruvints thL finanLial siaietnents. As a result, the Lharitable company and group's financial statements ha￿e b¢en prepdred un the guing conLcm basis. lllcoming resources Iniomti 15 ri'Lugnibud in Ihc period in which it is reLelVdble unless thL Charity has to kultil ¢ondition5 belore becoming eniitled lo it or it-thu donor has SPCLificd that the inLomL is to be expended in a future period, in which case it is deFerred. Donaiions are acLounted for in the period in whiLh they received or rLcL'ipl is probdble and the Lharitj is entitled to the donation at that point in lime. All donations are d¢riv¢d Irom Ihe l_',K. Ini'cstmcnt inLomL' is rL'Lognised on an accruals basi%. Cirant5 (rum the Go8'emmenl and other agencies hake been includcd as ineomc from Lharitable iiLÈiN'ities where these amount tL) a Coniraci for s¢r¥'i¥es. LegaLy enlitlemLnt is taken as the earlier ol the dale on which either thL charity is aware that pri)bk]te has been granled, the estaie h&8 been finalised and notificaiion has been made bv the exLcutors to the Charity that a distribution w.ill be made. or ￿'hen a di%trihution ib aLlually reieii'ed from Lhc estdtc. RL'LL'IPI Ot'a l¢gJaLN', in i¥hole ()r in part, 1% onlj. considered probable Th'hen the am()unl can be measured reliabl), and the C.ha￿lt) has been notified of the executor s intcntion to make a dislribution. 21 Community Foundation North East Notes to the financial statements for the year ended 31 March 2025 (continued) Accounting policies (continued) d) Resources expellded All expenditure is accounted for on an accruals basis and has been classiFied under headings that aggregate all costs relaied to that calegotTr. Costs relaLing to raising funds and charitable aLtivilics have becn allocated direcl to th()se cost headings and support costs (including govemance costs) have been apportioned on the basis of staff time spenl on each area. Grant commitments (iranls paydblc are Charg￿ed in the year when ihc Liffcr is approved and conveyed to the recipient. Cancellcd grants are re-crediled at the point Ihe decision is made not to paj out the grant or when a refund has been rccLived. Fund accounting Fun￿8 held by the C.harily ate as follow5: lJnre8tricted genepal funL15-. thLSL funds which can u%ed in accordance with IhL LharitablL objLcts at the di.4cretion of the l)ireLiurs. Ilnrestricled dusigndlLd lund.s'. thLse are tund£ which ihe l)i16Ltors rLg￿d as unrLstricted becau.se thej are used lor general LhdrildblL grdnt-mdking purp()%es in the L.'ommunily E.'LiunLldliun Nurth L&%t's arLa Ot- benetil althi)ugh grdnis. mdy slill bL madL on rcLotnniendations Irom ihe dunur. Reslrityled funds= thcse funds that Lan only be used for PdrtiLuldr rLstrieted purpo.ses within the objects ot. the Lharily. Endown)enl funds are inTr'ested dnd the income from ihebe fvnds is applicd to the relevant restricted or unrestricted income funds. Ini'estment income is alloLated to the income funds on a'yolal rLlurn" basis for the Chdrity". Withdrawals Erom the end(1I4'meni fund have bLLn madc at a rate ot. 60/4, which th61)ircclors rci'iew dnnuall}' and consider lo be a reasonable total retum withdrawal rate. A total of £3 ?94,291 (2024.. £2,902,300) in exLess of investment income, ￿a$ transferred from the main and ethiLal endowment funds io restriLted (£1,591,653) and unrestricted (£1,702,638) funds in the yedr. A separate agreement operates for Lommunily F irst lunds any gain aboi.'e indexed ddjuslLd value is withdrawn from the funds and nil as ￿lthdrawn during the year {2024..£nil}- g) Listed and unlisted investments ListL.J inN'estments are stated at their quoted market kalue at the year end. lJnlisted In￿'e%[MentS are quoted at cost. FreLhold inwestment propert). is stated at the fair i'alue estimate as valued bj propertv Lonsultants. in fvlarL'h 2025 and the Directors Consider the kalualions to be re￿onable. Thc SC)F.4 includes the nel gains and losses arising i)n reva]uations and disposals thr()Iibihoul the l'ear. Realised gains aiid losses for the Jear are calculalcd baged on mark"Ll luL. brought fOr￿..ard plus anj additions in the year. bio dLpfLLiation is charsed on ink'eslmLnl properties. 22 Community Foundation North East Notes to the financial statements for the year ended 31 March 2025 (continued) Accounting policies (continued) Listed and ullli5ted investments (continued) Property Valuations Properties held within InN'cstments are held at an assessed valuation by a surveyor and are lormally 'aluLd every year. Investments are held al valudlions provided by the investment manager, whereas lislcd investments are held ai a closing value indiLaled by IhL" stock Cxch￿ge. h) So¢i#l Investmenls SoLidl invLStmLntS Lonsist Lntircly of I0￿S madc to N'orth Ea.8t Si)cial Investment Communitj Interest (,.ump￿Y {NI.-SIC'.). As Part uf Ihc winding up ot-NorthLrn Rock Fi)unddtii)n (NIIF) IL£ Bnard agreed to Irdnsfur IhL L.Odn I, und ul £3m lo Cumtnunilj Foundation North E&st ￿1th b()th side% .%igning ihe ni)vatinn of IhL Loan F und on 12 April 2016. At thc traiislir date £265,814 had been advanced to Nli.SIC.' and since thL transfLr, ￿othlr £ 1.475,1190 has bLLll 7 321,825 28 Community Foundation North East Notes to the financial statements for the year ended 31 March 2024 (continued) 9 Charitable activities The community Founoldtion North East und¢rtak¢s its charl￿ble activilies through grant-making. 2025 2024 Grants payable 8,816,944 8,322,614 Staff costs 650502 622,627 DirL"ct costs 73,793 36,926 Support costs (Note 7) 448,248 419,476 9,989,487 9.401,643 CJranl.£ ivere awarded in the year lo other ￿h￿ItiLs. voluntary organisations and individuals as follows- 2025 2025 Nu￿ber 2024 NumbLr Other charities and voluntary organisalions 8,876,880 1,167 8.369,478 1,212 Individuals 51,936 48,2)0 41 Total new graRts aW￿d￿￿ in thL yLar 8,928,816 1,224 8.417.728 1,253 Grants cancelled (111,872) {95,114} I'otal grant expen(liture 8016,944 ]S,322,614 A brcdkduwn of granls aivarded is shown on page 7. A lull listing of grants awarded in thc fIn￿LIa] year can be lound on our webbiie w￿￿.COMMUnitvfOU￿ddt￿on.0r 29 Community Foundation North East Notes to the financial statements for the year ended 31 March 2025 (continued) 10 Staff costs Slatt'cos￿ comprise the fulluwing.. 2025 2024 Waoes and salaries 963,996 926,102 Social security costs 98,239 92,192 Other pension costs 59.329 55,969 1,121,561 1.074,263 The average number of ernployecs, excluding Trustees￿Oard Direllors, employLd bj the Group during the year 24 (2024: 24), full limL cquivalLnt 21.7 (2024.. 21.8)- J'he raiio ofihe high¥st salary lo the mLdian saldry 2..32..1 {2024.. 2.34=1). -Ihc uross salary in the year relating to the exeLulivc mLYnbcrs of sLrfI rL%p()nsible fnr the day-io-day managemunt of thL ch￿ltY £3n1,300 {2024: £287,299) plus £19.473 (2Q24.. £18,475) paid in employer peTr5iun Lonlributions. The Communil), I,oundaliun Nurth Last is not rLquired to report on gender Pdj gdp ￿ it 15 bLlow thc threshold for reporting. I low¢v¥r, thu BU￿￿ ti￿led ()ul a review ol-gender Pdy in linu with thL ILgislation and has set out some of ihe inloFIlldlion for 5 April 2024 and 5 April 2U25 below= 5 April 202) 5 April 2024 MLan gender pay gap 22°/ Median gender pay gap 20°/0 None of the TrusteeslBoard Directors received dny remuneralion during the year (2024.. Nil)- 2 of the Directors received reimbursemenis for expenses during the year of £387 in iotal (2024: £1,302). During the )'ear employees ￿'1th emoluments ovLr £60,000 Mere in the following bands.. 2025 2024 Triumber NumbLr £60,000 10 £70,000 £70,000 10 £80,000 £90.000 10 £100,000 30 Community Foundation North East otes to the financial statements for the year ended 31 March 2025 (continued) I I Investments Endol￿ellI fund iDvestmenls- Group Deposit & other cash balances Listed illvestments Freehold property Total At valuatio At l April 2024 90,782,945 3,478,917 575,000 94036,862 Additions/movetnenl in the year 21,360,239 1,615,287 22,975,526 Disposals in the yL'ar (20.823.091) (152,373) (20,975,464) Realised {losse5}/gains in the year (1.19,518} 27,373 (112,145 UnrLalisLd (losscs)/gain% in the year (749,598) liO,000 (i99598) At 31 March 2025 90.430.977 5,094,204 600,000 96,12.S,181 At cost At 31 March 2025 81,287,409 5,094,204 1 54,1100 86,535,613 At 31 March 2024 75.207,i17 3,478,917 254,000 78,9411.434 2024 M￿ket VdluL Listed investments are detailed as follows: Lllarket "alue UK tr'ixed Inl¢re5l 4J91,725 4.433,557 UK bquilies IOJ81,696 13,534,446 Property 1,474,333 1,455,341 Oversekis iKed Interest 3,182,944 2,452,158 Overseas Equities 47J69,751 44,656,871 ColleCti￿e Inveslmenl Schemes 18,906,622 19,819,033 Other 4,723,906 4,431,539 90,430,977 90,782,945 Community Foundation North East Notes to the financial statements for the year ended 31 March 2025 (continued) I I Investments (continued) Social Investments- Charity. and Group Loaned amounts At l April 2024 .614.3i6 Advan¢es during? the year 126,548 Repayments At 31 ￿lArCh 2025 ,740,904 Provisions At l April 2024 675,000 Provided Liiainst during the year 49,1100 Pr(Ivi%i(In released during the year At 31 March 202.5 724,000 Net loaned amounts At 31 March 2025 1,016,904 At 31 March 2024 939,356 Endowment fund investments- Charlty Deposit & ther cash balanees Listed investments Freehold propertv Total At valuation At l April 2024 87,517, I05 3,478,917 575,(1)O 91,571,022 AdditionS/mo￿eMenI in the }'ear 21,360,239 1,615,287 22,975,526 Disposdls in the year (20,823,091) (152.373) (20,975,464) Realised gains (losses} in the ye (139,518} 27,373 (112,145) Unrcalised gains (losses) in the Jear (615,635) 150,000 (465,635) At 31 Illarch 2025 87.299,100 5.094,204 600,000 92,993J04 At ¢ost At 31 ￿larCh 2025 78,5J7,692 5.094.204 154,000 83,785,896 At 31 March 2024 72,4i7,8011 -3,478.917 2.i4,000 76.190,717 32 Community Foundation North East Notes to the financial statements for the year ended 31 March 2025 (continued) I I Investments (continued) 2024 NqarkL't Value Ivlarket Value Lisied investments arc detailed as folloiis: UK Fixed Interest 4,391,725 4,433,557 UK Equities IOJ81,696 13,534,446 Piopety 1,474,333 1,455,341 overse￿ Fixed lnlere.st 3,182,944 2,452,158 Over5ea5 Equities 47,369,751 44,656,871 CollLctive In￿eStment ,Schemes 15,774,745 16,553.193 oihLr 4,723,906 4,431,539 87.299,100 87,517.IOi OthLr invcstmcnts - Charity" Llnlisied inveslmenls At C05t and valuation Al l April 2024 loo At 31 MarLb 202) loo lJnlisted investments hcld b!. the charit)w rclate to a £100 (2024.. £100) in￿e$￿1Cnt in the subsidiaTh' company Tjne &. Wear I'oundation LimitLd at cost. At 31 Mar¥h 20?) ihc Lharity ow'ncd all of. the ordinary share Lapital, consisiing of l 00 ordinary shares, of'l'jne & Wear Foundalion Limilcd, a Cotnpany registercd in England and Wales whiLh raises funds through fundraising ei'ents. The total funds made awailable to be dra￿'n down by NESIC were £3,000,000 for a period of 10 years to December 20?4. At DeLembLr 2024 there ￿a5 an undrawn balantie ol'£] ?59,096 on the loan fund and the Board abTrreed lo transler these fund% lo the Strategic unrestricted Lndom'mcnl lund. At the i'ear end ihe restriLted reseTh'e balance ￿a5 £1,016,904 (note 17112024= £2,3?5,1)00) which is the iotal amount of funds adi.￿cL.d of £1,740,904 less the aggregate amortis&tion to date charged against the restrietcd fund. Reali_qed gains and Ic).qse,8 are LalLulated based on the market i'alue brought lonvard plus additions in thL }'eiir. Totd] net realised gains calculated using hisloriLdl Lost ii"'as £1,798,707 for the lull gri)up (2024.. £4.196.740). Nu singlL inTr'Lstsnenl a¢¥ounts' lor mole than 50/0 of thL' endowment fund ini'esthients. 33 Community Foundation North East Notes to the financial statements for the year ended 31 March 2025 (continued) 12 Tangible fixed assets Croup alld Charity Land & Buildings Furniture & equipment OIYILe improi'e- ments Total Cost At l April 2024 7iO,000 81.044 49,890 880,934 Additions 9,355 46,721 56,076 Dispi)sals (6,417} {6,417) At 31 Nlareh 2025 750,000 83,982 96,611 930,593 Accumulated Depreeiation At l April 2024 138,750 73,50) 33,643 245,898 Cliarge tor the year li,000 4,61) 6,li6 25,771 Di.spa8al.q (6,417) {6,417) At 31 March 2U25 153,750 71.703 39,799 265,252 Net book value At31 March 2025 596,2iO 12,279 56,812 665,341 At 31 MarLh 2024 611,250 7,539 16,247 635,036 13 Debtors Group 202) tiroup 2024 Charity 2025 Charity 2024 Other debtors 1,707,521 651,232 1,707,521 651,244 Dii'idcnds interest receivable 71,431 67,292 48,202 44,201 1,778,952 718,524 1,755,723 695,445 Community Foundation North East Iyotes to the financial statements for the year ended 31 March 2025 (continued) 14 Creditors: amounts falling due within one year Group Group 2024 Cbarit). 2025 Charity 2024 Other Lreditors and dc¢ruals 514,024 433,071 514,024 433,071 T￿ation and Social security cosls 26,177 24,646 26,177 24.646 Grants payable 1,927,231 1,639,798 1,920,231 1.629.243 2,467,432 2,097,5 li 2,460,432 2,086,960 15 Taxation A.8 registered charilius, IhL Q.ommunity FoLtndalion Nurth East, JosLph Brough Ch￿Ild61c Trust and Tyne and Wear l.oundalion I'rust are entitled iii th¥ LxLmption.s tri)m taxation in rLspcLI ol inL()me dnd capital gain% retyeivLd ￿lihin LdtL¥oric% cai'ered by 5505 InLomL dnd Corporation 'I'￿t5 Act 1988 and %256 Tdxatic)n ulC.'harg￿blL (Jains Act 1992, lo the ¥xlLnl that the inLI)melgains reL¥iVLd arL applied for chariiable purpobLS only. 'fhc}' are tlieretore nol nunndlly liable tu UK Income .1 ￿, CoryK)ration T&x, or Capitsl (Tains'l 2025 2024 Corporatii)n tu payabl 35 Community Foundation North East Notes to the financial statements for the year ended 31 March 2025 (continued) 16 Endowment funds The expendable endowment fund is treated by the Directors as a long-lern7 capital fund to provide income for future grani-making. L.ndowment dunations received are allocated between unrestricted and restricted funds in aL¢orddnce with the polic). for each inLome fund. Joseph Brough Charitable Trust Tyne and Wear Foundation Trust both hold pemianently endowed funds. Group Charity At l April 2024 95.843,463 92,577,623 I'ransfers between funds: 'I'ol&l rLlurns cndoMqnLnl withdrawal (3,294,291) (3,294,29 E) -l-ranslcrs lo LndLiwmcnt Irom income fi]nds 1,285,517 1,285,517 LxLcptiunal withdrawal from tindo￿TnCnt tunds (58,937) (.f 8,937) NLt inLumc bcforL tr￿￿ferS 3,410.801 3,544,764 At 31 Tr1Arch 2025 97,186553 94,054,676 I'hu Cummunity Foundation North East (Charity) operates a total returns invLslmLnl slrdiL'gy and %'iihdrdWS inLumL from thL Lnd0￿mlnt funds at a rate ot- AO/o per annum 10 Lrcdit inuomu lunds tu pay for grdnls and running Lusls. '11]L diffLrLnLL bL"tween the actual endowment income received on lh¢ inveslments and the lolal withdyawdl figurL £3,294,291 is Sha￿'n as a transfer from the endowment lund. A withdrawal of £6",120 was made from thc Jercmy Beechdm Schools Fund, £41,873 from The E￿n]d Blyton b'und for Sefven Stories &nd £10:944 from the I￿Y and Gilbert PuTh'is Fund, all of which were used to cover granl-making commiimL"nis during the year. 36 Community Foundation North East Notes to the financial statements for the year ended 31 March 2025 (continued) 17 Income funds - restricted Thc Communiiy Foundation North East rcceiNes inLome and donations boih for general charitable purwses and also for more specific areas and issues. All grant5 are approved by the Board in consultation ith indii'iduals and Companies ￿,hO ha&'e set up funds ii'ithin the Communill Foundation North F.ast for grant-making. Funds are deemed Lo be restricied either il- they havL' been donated for a speLifi¢ purpose or appeal, oir if the donor ha.% made a requesi that ihey are applied in one area or field. Since ihe year end the funds in deficit al 31 March 202) have received sufiicienl funds to return them to credit. Oiher outgoings & transfers At l April Income 2024 & transferi At 31 LTrlarcb 2025 Grant,4 Frank ALfielol Abbot Memorial Grants Ak7.0 Nobel InlLrnaliunal Pdint Ak£u N()bLI Iniemational Paint Community l.irsl Amcc LeL)ac)' and F utures Asian Stuart Ayre Nancy Barbour Awar JLrLmy BcLchatn SLhools Bellingham LILrwiLk ALddcmy Endowment BlackL'tt Family C;ommunily 946 946 1,100 641 1,100 (6) 4,053 4,700 3,256 618 7,085 5,612 1,8115 5.387 6,35R 8,OOU 4,000 I,X05 2,341 2,230 2.633 447 (1116) 7,-341 8,020 855 (70) (263) 2.500 16,316 8,712 278 3.631 2.500 1,410 EDF Energi. Blyth orrshi)rtt DetnonstraluF Wind Farm Community Benelit Lnid Blylon P und for seven StoriLs Bowey c.ommunit> F. irsi Ilon & LouisL BowLy Grassroots Carulyn and-l-ony Brookes BurnLII Comtnunity First LawrenLe Campbell Community First Canford Audio Chapman Chronicle Sunshin Community ALLeleralor Fund for Northumberland Community, Aeeelerator l.-und for TynL'side CommuniN Accelerator Fund for ￿L￿SIde Corninunity. c.hest (IlK£I)F ) The Community Infrasiruciure Ltik? (L'IL) Sir Tom C.'owie Abigail &, qtephen Crdmpton CrcLheMobile Carried tOr￿ard IU,629 76,740 78,635 6,976 1,758 87,925 87,925 564 2.484 11.871 3,387 12,434 5,700 171 2,649 5?8 24,189 2,414 3,881 {1,232) 1,213 10,391 2,414 685 5,647 100,000 7,755 loo,000 11,690 15,000 15,0(10 20,400 20,400 15,000 5,000 (io,01)o) io,uoo { l O,(K)O) 56.972 2,119 756 10,166 256,630 258,149 70,224 2,285 5,098 581,584 274.977 7,500 27,670 141 264 168,6iO li,01)O 638,424 31,140 37 Community Foundation North East Notes to the financial statements for the year ended 31 March 2025 (continued) 17 Income funds - restricted (continued) Other oulgoings & transfer5 At l April InLome 2024 & transfers At 31 Mareb 2025 Grants Brou ht fonvard The I,ouise Dalion Dunc￿ & Sarah Dav idson Pamela and Di)roth>' Denham Pamcla Denham Community F'irst Pamela l)enham Grassroots David DoLkra>'s Wcst Lnd Young Peliple's Drl￿ Jar AndrLW and Charlotte l)ixon 'I'he Sir Cseorge Larle BLnLvolent 'I"he l.'dwin JLihn LdS)'dorchik TravLlling SLholarship b".'vangelical Expre%% Enterpri.8e FARNF. Ddvid &- Gitta FdulknLr Fausta and Ro8eniary Cunimunity First FerL)uson8 ol. Rlyth l'ogo Cummunity F'irst 'l-hL GalLshLad VCSL l)ai'id tsuldn]an AwarLIs Allison GrLLnlLLs Continuation The EDF F.nergy (ireen Iligg Wind I'artn Cummunily BLnLfit ThL ÈDF Encr&N' RcneI4'ables Barmoor Illindlann Community 13en¥lil Jdckie l4aq Fund for Scotswood Ilenderson Family Ho'man -Iraiwelling Scholarships Joy &ligginson Fund for Children North East Hukey Cokcy Conimunity First Iloult Famil) Community. Firsi Hoult Family Cir&%.qrools The HunlerPemberton Community. First JesDesStat-f RIIF. Ren¢￿ab]eS LIK Kiln Pit Hill Wind Farm Comniuni Joyle Trust JosLphs F'dmily JPMJr¥an kellett arried foN'ard 256,630 1,626 2,272 {7) 581,584 2,828 5,846 2,930 638,424 3.750 8,165 31.140 168 650 704 (47) 629 484 484 8,181 405 1,13 43,938 1,974 1,289 34,050 1,85U i.ono 18,069 529 1,420 28,OtK) 2,800 25,200 13,502 19,734 ,621 72,770 2.038 5.456 7,973 1,118 22,938 2,041 12,000 24,618 6,9)8 3,089 2,739 59,685 1,079 30,023 3,000 486 7,359 7,000 84) 651,000 28,267 5,833 612.129 28,267 3.0(X) 3X.871 2,833 40,545 40,806 24,934 3,600 52.817 95,023 3,209 3,155 7,408 89,728 2,252 1,412 9,710 92,2i8 8,157 84,336 5,461 4,567 7,285 9,833 2,295 2,29) 665 2,479 3,100 44 3.306 2,204 2,574 5,499 2,574 26,107 12,602 1,262 4,258 2.317 129.794 -li9.793 710,820 1,9i6.399 23,052 4,000 1,000 2,373 39,757 261 6,575 40,971 58J,lUI 448.616 2,033,215 3¥ Community Foundation North East Notes to the financial statements for the year ended 31 March 2025 (continued) 17 Income funds - restricted (continued) Other outgoing% & transfers At l April Income 2024 & transfers At 31 l¥larch 2025 Qwrants Brou ht forward Kerry Communit>. E4irsi Endokvment Kert). Gr￿Sr0()tS June King Latlerford Lendrum C'ommunity First Capi. C.1). LLyland Lindcn Community First l.ocal I.n￿1r0￿Mental ALtion GLDrg)c L<)Lgie The l.ady B¢llj and Sir I,awrLnLL Martin The Mayor's Opportunity Gri¥Lir MLClelland Community 710,820 1,956,399 2,033,215 50,903 583,101 280 118 ,188 3,105 3,780 690 15,014 3,884 1,468 3.223 3,781 1,763 749 9,722 3,073 1.073 6,838 2,1100 13,000 1.000 2.338 3,048 2,100 15,702 1.206 14,960 2,250 3,790 1,056 5,349 13,04) 234,678 9,915 234,678 8,479 804 804 luor Alan Morse {ir￿￿rOOtS Ndddra SislLrs Nurth .%l￿d5 Wind Farn) Community L4enefil N&sh NF.F CJrassrooLs NL'I. C'.OFulldvirus Appeal Newcastle Culture In￿eStMent NeTh'castle l)i.qpeT]sary RLliLf in SiLknLSS NFIS North r'.asl antj North Cumbrid NorthLrn Cancer Alliance orth I',￿1 Culiurdl LLarnin&' North Last Endow'ment lor fu.SiLal 'fradilions North East l.'und for thc Arts The North Easi R(x)1s North E￿l Roots Homec4)ming North F.ast Souial Invcstment NorthL'rn Angel Fund for BeNiLk hlorth 'I-yneside Northumberland CJroup Northumberland FI]￿ Sheriff Awards. Northumberland Village Homcs Trust 'orthumberland 11-' ildlife Trusi Out & Ab()ur llJ¥ P￿gIler-l-ruSI Aniic &. David Parker Carried fOr￿'ard ,643 ,200 ,643 1,200 164,069 {695) 3,124 190,324 9,769 I,614 1112,697 9,074 3,740 17,142 154,5)4 9l)8 10.42) 622,620 611,310 22,500 (765) 723 3,980 2,000 2,703 102.7) I 8,920 29,556 8,000 9,341 63,8)4 64 {856) 7,624 5,331 99,274 6,273 6,632 74,734 iu,000 R2,213 6,000 61,336 1,684 5,963 107.297 io,(x)o 1,016,904 5,375 2,325.000 1,308,096 9,954 25,189 1,833 32,362 20,598 ,833 39,699 14.545 95,425 88,088 30,608 Illi,006 71,OIM) 29,346 3),268 2,6) I 113,240 1,776 6,813 54.3,101 9,750 80,0011 6,058 8,3)5 3,508,784 4,200,013 106,074 10,000 (183} 72.200 81,7iO 15.125 8,1100 462,589 5,413 2,588,112 3,64? 517 1,478,168 39 Community Foundation North East Notes to the financial statements for the year ended 31 March 2025 (continued) 17 Income funds - restricted (continued) Oiher A¢ l April Income 2024 & tran5ters ouluoinos At 31 l¥1arch 2025 Grants & transfers Brou hi Forward PartiLipalorv Grant-making Fund- BldLk, Asian and minurilised ethnic communities PartiLiPdlory Grant-making F und - Sunderland Patch PLa CJreen B()at Community First Pen & Palette C'lub Fund ￿1th1￿ the North l.a511.und lor the Arts Pcrcy Fdmily Philanthri)py House PlaysLhLmLs Platien Familk C.i)mmunity F'irst Purt OI-L j'nc Prudhi)e l.eague i)f Friends GLolfrLy Ann Purvcs Ivy CJilberl PuTh'is liay Wind I,arni Small Ciianls PrLigrdmmL RLadTn&n L'.ommunily I,irsl RLad￿￿ Family CJrassrooLs c.arrie Ileay CTrassrc)ols lii..l.'l)S C'.ommunily I. irst RF.F.DS (Ir&£sronLs Riddell l.dEnily C.'ommunitv F irst Riding Cirange (Jr￿SrOUtS Ringlons Communitv F'irst Rivurbdnk J￿e R()bertson Alnwick Brian Roycroft Small Family Spriggs Family Communii 3 508,784 4,200,013 3,642,517 1,478,168 2,588,112 100,000 4,OtN) 5),500 6,000 42.500 (27,520) 5,035 39,107 14.657 5,000 19.000 6,587 692 1,003 27,528 34,000 (5,469} 1,556 4,881 749,893 7,495 4,634 8.881 2,8iO 14.300 3,340 (538) 749,893 2,269 103.575 107,801 ,000 29,391 6,839 40,1100 -3.54) 2,667 1(1,945 28,293 4,000 37,098 2,667 (52} 473 10,997 473 106,648 3,393 67,361 3.786 57,1)02 10,000 4.OUO 107,007 3.179 20.321 158 169 30,9)2 14,368 3,129 20,000 13,719 3,000 28,273 807 3,298 760 6,676 12,847 69 18,965 7,919 IU,312 4,3 18 17.906 7,500 13,376 4,387 ,500 319 7.095 9,783 ShL)hba & 'frikoli Sri8-.aslava Community, birst Sunderland Industrial & Reformator￿ School Suz Grassroots Taylor The Glasshouse Iniernational CcntrL for Music The south Ti"neside Know Your Neighbourhood Third Sector I'rends 'rhi)mton family Grassroois 'I'in} l.,ifv'es T)'nL & Wear Flieh ShLYiff Awards C￿lL￿d foTh'ard 511 198 500 209 3,056 2,061 6,680 1,370 1,600 19,404 1,390 3,661 22,500 3,036 3,584 678.953 678,953 16,382 44,473 2,6)4 576,628 10,11110 3,858 1 %3,834 577,337 4),1100 31,953 (16.?80) 9,473 1,567 153,834 4.849 51,338 4,619.538 6,117,84i 51,000 5.592.768 2,652 3,594,899 40 I,i49.716 Community Foundation North East Notes to the financial statements for the year ended 31 March 2025 (continued) 17 Income funds - restricted (continued) Other outgoing5 & transfers At l April Income 2024 & transfers At 31 Trlarch 2025 Grants Brou ht forward Tyne & Nl ear Fligh Sheriff Community First Tyne & Wear (irassroot5 vick￿ F Cirassroots Virgin Montiy Vildl Gateshead Vital Newcastle Vital N(irth l ynLside Vital Northumberland Vilal Suuth TynLsidc Vital Sunderland Wairing W'ell/Preparing Wcll l'cd Weekes The Well¥slLy "I'rusl ThL Wclle8ley Tru.ql Communily I, irst ThL 1989 Willan C'.hariiable 4,619,538 6,117,845 5 592 768 1,549,716 3.594,899 279 1,207 4,119 6,6)( 2 5,132 ,990 15,993 1.287 1.975 244 11,863 (1,723) 809 1,342 3,460 7,396 5,232 481 607 2,549 1,418 13,582 7,788 2,300 28,162 2,600 6,161 506 2,576 ],-383 10,924 23,093 1,3 lu 6,303 3,)32 4,747 244 18,976 24,195 12,813 279.930 5.690 234,012 io 20,000 9,500 2.985 3,482 -3i,-157 733.233 2,241 4,890 33,982 702,817 I,o(10 4,5011 68,5nll 39,916 Mdrk Idn Wilson Family CH li"'i)od WomLn's Women's CotnTnunity I, irsl Yuun Mu%iLidn's Total Community Foundation North East JosLph Brough Charitable Trust lyne and ity'ear I'oundation l-rust Tyne & Wear boundation 4.226 3,872 8311 6,925 6,400 2,754 4,722,149 7,242,497 55,597 62,295 6,674,0116 43,933 1,613,65S 30 3,676,905 73,929 40,697 19,783 15,424 48 45,008 (30 Total Grou 4,818,413 7,324.575 6,733.443 1,613,733 InLnme and tran.sfers includu LY¥dils L)f £1,591,653 tr￿stirred linm the main and Vthical Lnd0￿.￿ent runds ILI dislribute as inLome on a l()tal retums basis and £2J6,8 IU of other tr¥J]sler.4. OthL'r outgJoings include transfL'rs between funds ol'£1,531,997, amortisaiion of Social Investments ot'£41),000 and other fund expenses of £32,7.36 The Womcn's I'"und includes inLome Irom F.'ausia and Rosemarv Community First fund, Pamela and Durothw Dcnham fund and pz. fund. Brian Roj'croft fund inbludL'S inLome from thc TLssa Hide fund. l.ocal b.ni'ironmenlal fund includes inLome Irom and Gilbert Purn'is fund. PZ fund and Sandra King Rainy Dal. funLt. Eligh Sheriff of Northumberland l-outh fund inLludes inLome from thc Burnell Family and C'.ommunity First funds. 3.795,812 18 Income funds - llnrestricted As ￿'ell as a general administraliNe unrestricied fiind lineludcd bLlI)w for compleiene.%s} Ihe Communil> Foundati()n N"ilrth FASI hi)Ids ihe 1.ollol￿.Ing dLsignated funds iihich the Directors regard as unr¢strictcd beLdU%L ihLy arL usLd for gLiieral Lharitable pur￿)se% in the Community F-.oiindalion N'orth F.ast's area of benefit althi)ugh grants. ma}. Slill be made on reL4)mmLndation_q Irom the di)n()r. .1 he lunds are lo be used for gr¢Lnt-Inaking grants awarded throughout the }'Lar M'hen eon]tnittees InLL't and Inake r¢LomtnLndati(Ins to the Board. Sinie the year end the ￿ndS iii dcfsL'it at 31 MarLh 2025 hai'e receiied sullilieni funds to return them io creLlil. 41 Community Foundation North East Notes to the financial statements for the year ended 31 March 2025 (continued) 18 Income funds - unrestricted (continued) Other oulgoings & transters At l April 2024 Income & tr￿Sfe At 31 March 2025 Grants Adder5tone 11,877 1,223 3,187 25,001 11,500 377 2.346 4,135 (102) AJM 1,123 7,368 (405) Anon)'mous ApplLtrec A.qhington Communily Dcw"L"lopmeni Tru5l Bdrley Hill Barne5 Chrislopher Beadle Charles Robert Hell John BLII Bellway Sara Allx￿dr8 Bcrn%tonc Bon&8 Machine C()mpany Ron and l.uuise 13owLJ' Dawn Brown SLephen L4yLr5 The Muriel C.ainpbell Carr-l.'Ili8c)n C'.harilable-I rusl Carroll %dvauc Caru Lllly"salis CommuniEJ Investmenc StLWL & ChrislinL C()nk'cy Daphne & Martin Cookson Iloland C.'ookson I'und for the CharloltL StrakLr ProjLLI Iloland ￿0k5vn Cummunily LuquLI Co.st-ol'_living Cro/.ier Curtain PAIiP John D F.ndowment Dickon 'frust Elgon Fogo George and Pebgy Adrian and Ingrid GiiTord ThL Gii'ing Network m￿garet dnd Dorothy Gordun Memorial Groi'es Family Michael and Christine HeppLII Cynthia Hoare Bill and May Flc)dg5()n I'he Flokcy coke￿ {Ihdl's 'hai it's all about) I'Anb(>n Famil>, If onl Larried forward 6,420 24,698 io 1.945 3,696 3,805 8,714 5,225 14.597 64,417 2,944 5,053 1.844 37.474 1,421 8,044 1,572 21,755 6,11)4 iuo,ouo ,8911 2.780 3.851 8,616 4,000 26,435 40,180 926 1,899 107 1,288 (280) 15.868 2,944 63 2,700 63 24.727 33,096 3,810 2,656 14,639 8,100 1,800 52,113 1,42 12,880 4,764 22,500 700 10,725 3,980 2,500 3,389 7¥8 484 (225) 66,000 1,900 l50,UOO 11,000 23.000 (15) 601,915 21,543 194 {5) 763,321 11,406 21,543 5,321 4,773 9,900 69,653 2U,832 69,653 17,8iO 4,211 1,556 (452) 4,211 3,375 3,-37i 5,289 5,289 47,041 13,233 73,627 1,104 34,108 5,697 1,214 22,654 1.995 1,451 {1,233) 1,496 1,709 3,538 290 9,165 55,311 15.400 69,675 (6,275) (716) (2,?81 } 2,600 6,180 4,235 1,504 10,699 5,000 29,637 5,000 20.146 974 497 226 1,254 5,467 1,800 5,1100 (49) 693 5,629 3,265 28,512 16,829 3,000 111.798 12.000 5,894 17.714 3,372 543 2,000 3,481 2,568 4,007 2,761 1,520 714.864 4,000 2.700 1.520 793,5)9 2,629 888,364 76,896 732,773 42 Community Foundation North East Notes to the financial statements for the year ended 31 March 2025 (continued) 18 Income funds - unrestricted (continued) Other oulgc)ings & transt-ers At l April Income & trunsfe A¢ 31 Mareh 2025 tiranls Brou ht forward Sir Jdmes Knott John Laing il liam I,eech Charity LLLLh ChallLnge Brian Lewis LindLn Family FB & PFB Li)ugh Grigor MLC.lelland Dais) M￿r Maudsldy l ￿llY G.% May Family Mclntnsh Milburn Bricl Muckle l.l.P Naj lurs Gavin BlaLk N'ewca%tle Building Sucieiy Community F.mma Newton Nurth Ldst BrLwLrs N()rthLm p()￿erEr1d Northumbrian W, Foundation North Last named endown]ent and revenue lunds, and £570 {2074.. £945) donaied bj, member% of the F.XCCUlii'e Staff Team. ThL. Commuiiits. Foundation North East is a member of Ihe Associati(In ofc".harildble Foundations {.4CF'), Th"hiLh John 14ollin8SIN'Orth is a trustee ot-, and paid £4,439 during the finanuial }'ear tor membership. 48 Community Foundation North East Notes to the financial statements for the year ended 31 March 2025 (continued) 22 Related party transactions (continued) ull deiails are gii'en below of grants awarded during the )'ear to related charities and organisalions. OrgaDlS2tion Director/enJployee involved Relationship Total grants Derwcnthaugh Boat Strdtion Lucv Winskell OBF Ilonorary PrcsidLnt 2,000 Connected Voice Stella Simbo Lmployee 10,000 Newcasile City C,ounLiI- Care l.eafver .1 eam Pam Smith Employee 13,102 NLW Writing North Claire Malciilm MBF. I,.mployee -1 rustuu 23,000 North Theatre Trust l.ucy Winskell 0141.. 11,150 Northllmbria ljniversity Sarah GILndinning Lmpliiyee 3.000 SuLCLss4AII C'.1() Stella simtx) Volunl¢er 16,030 Sunderland'l-healru 'l'rus1 Adam Lopardo Trustee 2,000 Tyne Rive￿ Trust John I I()Ilings￿orth l-rustLL 32,577 During the year, the tollowing transactions were made between ihu main Lhdrily its subsididrics. Subsidiary 'ature of transaction JosLph Broug)h Charitable I'rust lyne & li'ear boundation Trust Tyne & Wtrar Foundation rust Paid Communitv Foundation North Last for administrativL serviLes l)aid L.'ommunit> l.'oundation North East for administratiN'e service5 Paid Community Foundation Nonh Easl a grant for the Kelleti I,-und 5,OUU 5,084 591 49 Community Foundation North East Notes to the financial statements for the year ended 31 March 2025 (continued) 23 Cash floiv information for the Group Reconciliation of net income to nel ¢asb now from operating actii'ities 2025 2024 Net incon)e for Ibe year 399262 7,019,J62 Adjustments for: Receipt of endow'"mcnt (4,441,947) (2,082,191 } DepreLialion charges 25,771 27,272 (Gains)/losses on cndowmer)t inve.stments 711,743 (7:612.4i5) Lus5cs on programmc rLlatcd invcstmcnLs 49,000 5,000 DividLnds intLrcsl trom invc%tments (2,323,794) {2,312,962) InLfcdSC in debtors (1,060.428) (608,426) InurLa5LI(dLLrL￿c} in LrLditors 369,917 {53,474) Net cash used in operating activities (6,272,476) (5,617.874) Analysis of caskn and eash equivalents 2025 2024 Cash ai bank atid in hand ,863,$46 3.604,748 Short-term deposits 4,613,936 4,560,155 Total cash and easb equivalents 6,477,482 8,164,903 24 Ultimate controlling party The Direu'tors do not Lonsider that the Comn]unity Foundation North F,ast (Chariryi ha5 an ultimate conirolling parl! bccause the Community I.-OL￿dati0n Ni orth F.ast has a large and wide-ranging mLmb¢r8hip who eleLI the B()ard and M'ould be required tLS aurce any changes to the Memorandum and Anicles. Due tc) the struLturL ()f ihe Community Troundation North East (Charity) the group also does not hai'e ultimaL¢ conirolling pan},. 50