2024-12-31-accounts - County Of Gloucestershire Community Foundation

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County of Gloucestershire Community Foundation For the Year Ended 31 December 2024

Company No. 02420411

Charity No. 900239

County of Gloucestershire Community Foundation

Report and Audited Financial Statements

31 December 2024

County of Gloucestershire Community Foundation For the Year Ended 31 December 2024

Reference and administrative details
Report of the Trustees
Chair’s Statement
Trustees Report
Financial Review and Governance	1
	1
Statement of Responsibilities of Trustees
Independent Auditors Report	1
Statement of Financial Activities	1
Balance Sheet	2
Notes to the Financial Statements	2

Company Number 02420411

Charity Number 900239

Registered Office The Manor Boddington Cheltenham Gloucestershire GL51 0TJ

Trustees Trustees, who are also Directors under company law, who served throughout the year were as follows:

served throughout	the year were
Mr H Robinson	Chair
Ms T Clark	Vice-Chair
Mr J Dunley	Trustee
Mr R Ingle	Trustee
Ms J Tufnell	Trustee
Ms E Lord	Trustee
Ms C Thayers	Trustee
Mrs Hartshorn	Trustee
Mr M Williams	Trustee

Other Trustees serving during the year and up to the date of this report were as follows:

Dr C Sharp	Trustee	(resigned 15 August 24)
Mr G Smith	Trustee	(resigned 22 June 24)
Mr J Tabor KC	Trustee	(resigned 5 December 24)

The following Trustees were appointed after the end of the year but before this report was signed:

Mrs E Griffiths	Trustee
Mr J McClean	Trustee
Mr I Renton	Trustee
Mr N Tarleton	Trustee
Mrs J Doherty	Trustee (resigned 15 September 25)

President Dame Janet Trotter OBE DBE CVO Vice Presidents Dr R Head DL OBE Mr M Gran Mrs T Hitchins Mr R Jones Key Personnel Mrs T Nelson Chief Executive

County of Gloucestershire Community Foundation For the Year Ended 31 December 2024

Bankers CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Investment Managers Sarasin Investment Management Juxon House 100 St. Paul’s Churchyard London EC4M 8BU CCLA 80 Cheapside London EC2V 6DZ Independent Auditors Randall and Payne LLP Chartered Accountants Statutory Auditors Chargrove House Shurdington Road Cheltenham Gloucestershire GL51 4GA

County of Gloucestershire Community Foundation For the Year Ended 31 December 2024

CHAIR’S STATEMENT

In what has been an interesting and dynamic year for GCF, there has been progress on a number of fronts.

We have awarded grants to over 12 0 organisations and helped over 60,000 people. We have continued to do valuable work connecting many charities within the county, as well as being an advocate for the whole sector, giving advice and mentoring where it is asked for. In addition to this, we monitor the impact of our charitable funding in an efficient and effective way.

It is always exciting, and perhaps reassuring, that our work has been independently assessed, and found to be excellent. Indeed, in a yearly review from the Foundation Practice Rating (FPR), out of 100 trusts and foundations, Gloucestershire Community Foundation was one of only 11 that scored an A, and the only small Foundation with less than 10 staff to be so honoured. It is a tremendous accolade to our able, dedicated and hard-working team.

Out on the ground, there is no doubt that raising money is difficult. But our ‘Seeing is Believing’ visits are still very effective in connecting potential donors and the charities that so desperately need help and support and that we will continue to inspire everyone who can, to give back in some way, either through finances or volunteering. This will be further encouraged through our INVEST Leadership and Pro-Bono programme and the Community INVESTOR Fund.

Our well attended events during the year, started with our ‘Strengthening Communities Research’ launch, that we produced inhouse, which showed how much our work is needed, how important it is to connect all sectors and how vital it is that the voice of smaller charities is not lost within the county. Followed by our fundraiser, GCF’s Great Escape and our Annual Celebration to thank all those who support us, all tremendous examples of bringing cross sectors together and the value of sharing GCF’s work.

Lastly, I would like to thank the board for their support and commitment to GCF and I look forward to working with them in the future as we continue to develop the charity and meet the needs of the communities we serve.

County of Gloucestershire Community Foundation For the Year Ended 31 December 2024

TRUSTEES’ REPORT

The trustees present their annual report and financial statements for the year ended 31[st] December 2024, which also incorporates the requirement under Company Law of a Director’s report.

The financial statements comply with the Charities Act 2011, Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting for Charities: 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 (FRS102).

Introduction

Our focus remains on delivering our finite resources to where they are most needed and to continue our fight to alleviate the diverse needs of people living in our county. Whilst our overall income has generally decreased since the inflated highs of the years during and after the pandemic, the need continues to increase with economic pressures on both organisations and individuals, and we face a significant amount of unmet need in our county. To counter this, and through careful management, we kept costs low throughout the year to ensure we could maintain the delivery of all our grants programmes.

In the year, we responded specifically to the ongoing cost of living crisis, with the relaunch of our Poverty Hurts appeal to raise money for the most vulnerable communities in the county. We delivered for the second consecutive year our fundraising event, GCF’s Great Escape, to raise awareness of the poverty in the county.

We are grateful to our fundholders, for their continued support heir valuable contribution provides much needed funding and ensures the long-term sustainability of our grants programmes. In particular, we thank Robert Hitchins , for their support of our largest grants programme, the Main Grants Programme, which funds around 60 organisations each year. We are incredibly grateful to all our donors and equally to those individuals and businesses who have supported our appeals.

Review of achievements

In 2024, GCF distributed £396k to 1 community projects and individuals (including payments from pre-existing multi-year grants). We continued to run our regular funding programmes to support the many needs within the county. Through our largest grants programme, the Main Grants Programme, we received and processed 94 applications, and 66 grants were awarded with a total value of £238,340.

The Freemasons Fund continued to support work with marginalised groups, young people facing disadvantage, the elderly and people with disabilities, with 17 grants awarded totalling £24, 97.

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County of Gloucestershire Community Foundation For the Year Ended 31 December 2024

We continued to develop the SWEF Enterprise Fund; after a year of running the programme which supports young people who have faced hardship or other challenges by providing financial support for business startup costs, we have made several efficiencies to the administration of the programme. Whilst we delivered £9,598 in the year, less than the previous year (£12,090) we awarded grants to more successful entrepreneurs in the year, 9 young people received funding (7 in 2023).

We were pleased to host a well-received county event, to share our in-depth analysis of the sector from our Strengthening Communities Research Report, helping to guide and inform across all sectors, where the need is and how we can collectively tackle this for lasting impact.

We celebrated the formal recognition of our modern practices by the Foundation Practice Rating (FPR), awarding us an A grade in their independent review of funding bodies across the UK. The rating scores on an organisation’s diversity, accountability and transparency. With only 20 foundations out of 300 having achieved this, it gives us real confidence in the work we do.

As an open and trusting grant maker with the Institute for Voluntary Action Research (IVAR), this year our team had an opportunity to reflect on what we had achieved in our first year with the support of IVAR in arranging peer reviews of our work, which will help to inform our grant making practices as well as sharing learning and ideas with a wide range of other funders.

In June, we were proud to deliver our second successful charity fundraising car rally event, the GCF Great Escape, raising awareness of the lack of access to services, public transport and employment for those living in rural parts in the county. The event generated a net income of £19,000 which helped to support GCF’s delivery of over £395,000 in grants to Gloucestershire communities, facilitating research and shared learning sessions as well as offering guidance across a broad spectrum of charitable and community groups in Gloucestershire and shining a light on the vital work of our local organisations in supporting those most in need.

We attracted more support for the GCF Community Investor Fund as we prepared to launch the initiative in 2025, with three local businesses already signed up. The Fund will support the county’s charities and community groups, whilst enabling businesses to choose where they give back and to those who need it most. Working with GCF, it will enable businesses to gain knowledge about the needs of local communities, promote their locally focused CSR, as well as an opportunity to encourage giving back within their own networks at individually hosted round table events.

To give our donors the opportunity to see firsthand the work of the charities they support, we organised four tours to local charities, the Churn, Family Haven, Fresh Air Sculpture Show and T.I.C (Teens in Crisis) as part of our Seeing is Believing programme. The visits are beneficial to both the charities and the donor, helping to raise awareness for the charity whilst enabling our donors to understand more about the issues faced by charities and how their support makes a real and lasting difference to the communities served by them.

We also continued our online Let’s Talk events, attracting large audiences to discuss issues facing our local communities, particularly around the issue of poverty in Gloucestershire, highlighting funding opportunities and providing a space to share experiences and learn more about the needs of the organisations we are working to support.

County of Gloucestershire Community Foundation For the Year Ended 31 December 2024

Continuing with the spirit of collaboration and learning, we maintained fortnightly meetings with the Gloucestershire Funders, a group of local funders, and local council representatives, who work together to review applications and share insight into projects and organisations supporting Gloucestershire communities.

We celebrated the work of GCF in an intimate gathering of our donors and supporters at the stunning Old Gore, generously sponsored by CCLA. We shared our achievements of the year and showcased some of the wonderful charities we’ve supported with three short films we’d made. The films highlight the need in the county and how the support of GCF is so important to so many community organisations in Gloucestershire.

We would like to thank all our donors, fundholders, sponsors and volunteers for their continued support. Our work has never been more needed; we will continue to innovate and advocate to help strengthen our sector, so Gloucestershire is a great place to work, rest and play.

The impact of our funding

Based on both figures reported and applicant estimates, grants approved through our programmes have supported almost 60,000 people during the year. As you will see in the below charts, we have supported a broad range of people right across the county through a variety of different causes. The common thread being work that helps to bring people together to strengthen Gloucestershire communities.

Whilst more detailed information is available in our separate impact reports, we wanted to share one story of change that particularly demonstrates the impact grant funding can have:

We awarded a grant of £2,500 to GL11 in Dursley to support their work with people most affected by economic deprivation and as a result, often suffering the poorer health outcomes.

Thanks to this support from the Poverty Hurts Fund and others, over the last 3 months their impacts were:

1,097 residents attended our Cost-of-Living Wednesdays. This was down from 1,240 people in same period of 2024, which continued last year’s trend of fewer people overall, but greater demand for help and support from those hit hardest by the cost of living.
406 hot meals were served in the Community Cafe (399 in 2024).
507 people needed Food Bank & Pantry help (up 100 from 2024).
74 people were referred for money advice (up 5 from 2024). 18 of these needed immediate emergency support vouchers.
49 people were referred for housing advice
38 people sought employment support
22 people received digital support at GL11

From a couple who received Money Advice:

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From GL11:

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County of Gloucestershire Community Foundation For the Year Ended 31 December 2024

Grants Analysis

Analysing grants can be challenging as the work of our grantees often doesn’t fit neatly into a tick box and neither do the people in our county that our grants support. One grant will often have many different outcomes and help a broad spectrum of people.

The following analysis is for grants approved in 2024 and does not include subsequent multi-year grant payments.

GRANTS AWARDED BY GEOGRAPHIC LOCATION

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----- Start of picture text -----
South
Geography Gloucestershir
Tewkesbury
5% 3%
Cheltenham
Countywide
10%
24%
Cotswolds
9%
Forest of Dean Gloucester
15% 22%
Stroud
12%
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GRANTS AWARDED BY VITAL SIGNS

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----- Start of picture text -----
Vital Signs
Work
Housing & Safety
3%
Homelessness 7%
3%
Stronger
Communities
Healthy Living
9%
36%
Learning
11%
Arts, Culture &
Heritage
5%
Fairness
26%
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County of Gloucestershire Community Foundation For the Year Ended 31 December 2024

GRANTS AWARDED BY PRIMARY BENEFICIARY

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----- Start of picture text -----
Primary Beneficiary
Minority
Communities Children and
12% Young People
19%
Older People
10%
Families/Parent Disadvantaged
s/Lone Parents communities
15%
People with People in
disabilities poverty/on low
alth issues incomes
23% 13%
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Sustainable Development Goals

Alongside the measurements we have shared for many years (geographical spread of grants, beneficiary types and vital signs categories), we are continuing to collate data based upon the UN Sustainable Development Goals (see below for further information).

In 2015, 193 countries adopted the UN Sustainable Development Goals (SDGs). The 17 SDGs are integrated, so they recognise that action in one area will affect outcomes in others, and that development must balance social, economic and environmental sustainability.

As one of 1,800 Community Foundations across the globe, Community Foundations are important global actors we work to address issues like health inequality, poverty and access to education. The SDGs are an ambitious roadmap to improve quality of life for everyone and provide a common language both internationally but also between philanthropists, the business sector, government, civil society and the charity sector.

County of Gloucestershire Community Foundation For the Year Ended 31 December 2024

40 Grants provided financial support, benefit advice, housing and 1 NP O VERTY homelessness support or other support to those living in poverty in LJ e LJ our communities. MART 35 Grants funded projects providing food or skills to communities to HUNGER grow or cook food. Projects supported included foodbanks, voucher schemes, cookery groups and lunch clubs. 113 Grants supported improved mental health, physical health, provide 3 GOODAND WELL-BEING HEALTH life opportunities, reduce isolation or loneliness or reduce the impact of specific illnesses. 7 y 93 Grants supported improved education provision, improved EDUCATION knowledge and skills development for children, young people and ~~t~~ adults. Projects supported included early years education and preschools, specialist education settings, extra-curricular activities for young people and adult education such as digital advice and a learning sessions. ~~u fo|~~ 4 Grants supported people minoritised as a result of gender EQUALITY | c ~~Mo~~ 14 Grants supported employment and volunteering opportunities, ECONOMIC GROWTH enterprise training and skills development. ~~(ee~~ 10 REDUCEDINEQUALITIES 114 Grants supported people in communities to reduce the inequalities be it through race, ethnicity, disability, age, location, education or y income. Projects supported highlighted inequality and worked to <=> tackle root causes. 4 11 SUSTAINABLE CMES 12 Grants worked to develop stronger communities, bringing people AND COMMUNITIES together to help each other and improve sustainability. Grants awarded included those to community growing schemes and allotments, projects that provided spaces for communities to come mow together and programmes to educate communities about living with great consideration for environmental sustainability. 15 Grants supported improved safety in communities and reduced 16 PEACE,AND STRONGJUSTICE crime and anti-social behaviour

County of Gloucestershire Community Foundation For the Year Ended 31 December 2024

57 Grants awarded to projects or groups that worked collaboratively or in partnership to achieve more for their communities or strengthen the impact of their work. Our research has shown a keen interest for working in collaboration in the voluntary sector and it is something we are stiving to support and encourage.

Future plans and priorities

Our Main, High Sheriff and Freemasons grant programmes will continue and we will review their impact annually.

We will continue to raise funds for the Poverty Hurts Appeal and have set a target of a further £ 5 0k in 2025. To support our fundraising efforts, we aim to hold our third Great Escape Car Rally bi-annually in 2026, but this time with a twist, as we partner with our business supporters to deliver a corporate focused event, raising vital funds to enable us to support our local communities.

The Community Investor Fund will fully launch in 2025, we are building a membership of 100 businesses, to provide the most powerful and impactful “Giving Back Circle” in Gloucestershire, the Fund provides a significant opportunity for businesses and individuals to give back to their communities, which will help to increase the value of our grant making in 2025.

Year four of the INVEST programme will fully launch, continuing with our Mentoring Programme, where we have mentored 33 charity leaders so far, with the addition of the new INVEST Pro-Bono programme, to support organisational capacity for local charities and community groups, allowing them to benefit from our amazing business sector and a wide range of experienced mentors.

We look forward to the development of new funding programmes in 2025; as we work with the Tewkesbury Education Fund, to formalise the transfer of their assets to GCF to support young people in the Tewkesbury area and the Cheltenham Racecourse to award grants for their community fund, the Cheltenham Gold Cup Centenary Community Fund. The Gloucestershire Youth Neurodiversity Project is a planned one-year pilot programme to deliver grants to improve support for young people in Gloucestershire living with ADHD and other neurodevelopmental conditions. We will also be working with the NHS Gloucestershire Integrated Care Board (ICB) Cancer Team to deliver an exciting new project to improve early cancer diagnosis among vulnerable community groups in the county

County of Gloucestershire Community Foundation For the Year Ended 31 December 2024

FINANCIAL REVIEW AND GOVERNANCE

Investments

The investments held by GCF are all within the endowment fund. During the year trustees continued to operate a “total return policy” (capital growth and yield). The Board followed the same path as previous years and the Board approved 4% to be transferred from the endowment fund for grant making for both GCF and Hitchins Family Trust.

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Results

The total net assets of the charity amounted to £7.6 m (2023 £7. m) as at 31 December 2024 with £7. m relating to the endowment funds (2023 £6.9 m) and the balance of £31 k (2023 £482k) related to revenue funds. In relation to the latter, £26 k (2023 £38 k) is restricted and can only be used for purposes specified by the donors, with the balance of £5 k (2023 £99k) relating to unrestricted funds.

Reserves

The Trustees’ Reserves Policy is to retain a balance of unrestricted funds to cover a minimum of 3 to 6 months of operational and business costs. At the end of the year the unrestricted administration funds held to cover essential resource costs were £5 k (2023 £99K) amounting to months of essential resource costs. GCF returned a deficit on its running costs of £44k (2023 £ surplus) in the year.

The Trustees remain confident that GCF’s assets are adequate to fulfil its obligations on a fund by fund basis.

Structure, Governance and Management

GCF is a private company limited by guarantee (Company number 02420411) and a registered charity governed by its Memorandum and Articles of Association (Charity number 900239) which were adopted on 6 September 1989 as Charities of Gloucestershire Community Foundation and amended on 13 February 1992 to County of Gloucestershire Community Foundation.

The Directors of GCF are its Trustees for the purposes of charity law and throughout this report are referred to as the rustees. The report incorporates the directors’ report as required by company law. The rustees are responsible for the overall governance of the charity.

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County of Gloucestershire Community Foundation For the Year Ended 31 December 2024

Trustee meetings and decisions

The Board meets four times a year, as well as coming together on an “away day” to which all board members are asked to come. Various Committees are established to consider specific areas of governance or process. After a board meeting Task and Finish groups may be set up to consider a specific area of business on which they report to the Board their recommendations.

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GCF continues to operate within the Quality Assurance process it passed in 2021; this process takes place ever three years and is a requirement of the UK Foundations network.

Public Benefit

All our activities are undertaken to further our charitable purpose for the benefit of the public. The trustees operate within the guidelines issued by the Charity Commission when considering GCF’s aims and objectives and in planning future activities. The trustees confirm that they have complied with their duty in Section 17 of the Charities Act 2011.

GCF meets its obligation in the delivery of public benefit through the receipt of funding to allow for grants to be awarded to organisations within the County of Gloucestershire that cover our objectives.

Our website is the prime vehicle used for communication and we are looking at ways of improving the functionality to ensure charities and donors can easily access information on our activities. We are also looking to boost our social media profile when we have sufficient resources to manage the content.

Risk Management

The trustees review the major risks to which GCF is exposed, and ensure systems are in place to manage risks in all areas of activity.

The risk register incorporates the strategic objectives and business plan of GCF alongside the key categories of:

Finance & Investment
Governance, HR and Operations IT Philanthropy & Marketing Grant programmes

Risk scoring for the revised risk register as been simplified now a low risk will score 1, a medium risk will score 2 and a high risk will score 3. The overall risk score comes from multiplying the likelihood score x the severity score. This is what the scoring will look like on the risk grid:

Appointment of Trustees

Current policy for the length of service of trustees is four years with an extension of a further four years if re-elected at the AGM. Trustees are appointed for an agreed length of time, subject to any applicable constitutional or statutory provisions relating to election or reelection.

If a trustee has served for more than nine years, their re-appointment is:

Subject to a particularly rigorous review and takes into account the need for progressive refreshing and diversity of the board
Explained in the Trustees’ Annual Report.

No new trustees were appointed in 2024 but four have been appointed since the year end. A review of the Board’s skill sets is conducted in advance of the away day each year, and applicants for vacancies are sought to fill gaps that are identified.

Endowment and Investment Return Policy

The initial substantial endowment was made in 2002 and since then many new endowment funds have been added. The policy of taking 4% each year has been in place since the start of the endowment funds being given.

Diversity and Community Relationships

GCF expects its management and governance to benefit from a wide range of opinions, experience and beliefs. Thus, GCF ensures that:

Recruitment of members to the Board of Trustees, committees and grant panels is done based on the skills required, irrespective of gender, marital status, sexual orientation, race, ethnic origin, nationality, colour, disability, age, gender reassignment, or religion or belief
Diversity is taken into consideration when recruiting members to the Board of Trustees, committees and funding panels.

The Trustee Board understands the need to incorporate a range of views into its decisionmaking, paying particular attention to the needs of minority communities and local inequalities.

County of Gloucestershire Community Foundation For the Year Ended 31 December 2024

STATEMENT OF RESPONSIBILITIES OF THE TRUSTEES

The trustees are required to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and the incoming resources and application of resources, including the net income or expenditure, of the charity for the year. In preparing these financial statements the trustees are required to:

Select suitable accounting policies and then apply them consistently;
Make judgements and estimates that are reasonable and prudent;
State whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; and
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees confirm that to the best of their knowledge there is no information relevant to the audit of which the auditors are unaware. The trustees also confirm that they have taken all necessary steps to ensure that they themselves are aware of all relevant audit information and that this information has been communicated to the auditors.

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The trustees are members of the charity, but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

Auditors

Randall and Payne LLP were re-appointed as auditors to the charitable company during the year and have expressed their willingness to continue in that capacity.

Approved by the trustees on 23 October 2025 and signed on their behalf by:

County of Gloucestershire Community Foundation For the Year Ended 31 December 2024

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF COUNTY OF GLOUCESTERSHIRE COMMUNITY FOUNDATION

Opinion

We have audited the financial statements of County of Gloucestershire Community Foundation (the 'charitable company') for the year ended 31 December 2024 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK’ (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

give a true and fair view of the state of the charitable company's affairs as at 31 December 2024 and of its incoming resources and application of resources, including its income and expenditure for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Charities Act 2011.

Basis for opinion

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

Conclusions relating to going concern

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

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

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

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The Trustees are responsible for the other information contained within the Annual Report.

County of Gloucestershire Community Foundation For the Year Ended 31 December 2024

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF COUNTY OF GLOUCESTERSHIRE COMMUNITY FOUNDATION

(CONTINUED)

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

the information given in the Trustees' Report is inconsistent in any material respect with the financial statements; or
sufficient accounting records have not been kept; or
the financial statements are not in agreement with the accounting records and returns; or
we have not received all the information and explanations we require for our audit.

Responsibilities of rustees

As explained more fully in the Trustees' Responsibilities Statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

We have been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

County of Gloucestershire Community Foundation For the Year Ended 31 December 2024

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF COUNTY OF GLOUCESTERSHIRE COMMUNITY FOUNDATION

(CONTINUED)

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

As part of the audit in accordance with ISAs (UK), we have exercised professional judgment and maintained professional scepticism throughout the audit

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our audit planning process gave consideration to the risk of material misstatement in the financial statements, using the calculated materiality level which itself factored in the nature of the Company's operations and the interpreted levels of inherent and control risk.

In assessing the risk of fraud we reviewed management's own assessment of potential for fraud within the entity and reviewed judgements made by management to identify possible bias, in addition to any opportunity and incentive for fraud that are in inherent in the nature of the Company's operations. Our detailed testing included review of accounting estimates and judgements and validation of prime ledger entries.

We confirmed our knowledge of the legal and regulatory environment of the entity through discussions with management. We analysed all information available to us in respect of relevant laws and regulations, including the Companies Act 2006 and relevant UK tax legislation and enquired with management as to any possible breached in the aforementioned.

We agreed the accuracy of the financial statements to the supporting management information provided by the client and tested individually on a sample basis the income and expenditure in the financial statements to consider the business rationale behind the transactions and the accuracy of the financial records.

Our audit testing did not identify any issues in respect of the matters listed above.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.

Use of our report

This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an Auditors' Report and for no other purpose.

County of Gloucestershire Community Foundation For the Year Ended 31 December 2024

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF COUNTY OF GLOUCESTERSHIRE COMMUNITY FOUNDATION

(CONTINUED)

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed .

Ryan Moore CA (Senior Statutory Auditor) Randall & Payne LLP Statutory Auditors Shurdington Road Cheltenham Gloucestershire GL51 4GA

30 / 10/2025

Randall & Payne LLP are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.

County of Gloucestershire Community Foundation For the Year Ended 31 December 2024

County of Gloucestershire Community Foundation

Statement of financial activities (incorporating an income and expenditure account)

For the year ended 31 December 2024

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2024 2023
Endowment Restricted Unrestricted Total Total
Note £ £ £ £ £
Income and endowments from:
Donations and legacies 3 21,650 132,661 152,375 306,686 397,840
Investments 4 - 160,530 827 161,357 90,794
Total income and endowments 21,650 293,191 153,202 468,043 488,634
Expenditure on:
Raising funds
-
Fundraising 16,841 26,469 43,310 61,811
- -
Donor development 53,753 53,753 28,214
- - - -
Investment management fees 25,424
Charitable activities
-
Grants payable 396,380 40,891 437,271 528,141
Donor services - - 77,637 77,637 65,504
Total expenditure 6 - 413,221 198,750 611,971 709,094
Net income / (expenditure) before
gains / losses 21,650 (120,030) (45,548) (143,928) (220,460)
- -
Net gains / (losses) on investments 352,054 352,054 367,094
Net income / (expenditure) 373,704 (120,030) (45,548) 208,126 146,634
Transfers between funds (1,875) 1,250 625 - -
Net movement in funds 7 371,829 (118,780) (44,923) 208,126 146,634
Reconciliation of funds:
Total funds brought forward 6,915,277 382,665 99,660 7,397,602 7,250,968
Total funds carried forward 7,287,106 263,885 54,737 7,605,728 7,397,602
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All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 16 and 17 to the accounts.

County of Gloucestershire Community Foundation For the Year Ended 31 December 2024

County of Gloucestershire Community Foundation

Balance Sheet

As at 31 December 2024

Note Fixed assets Tangible & Intangible fixed assets 10 Investments 11	£	2024 £ 18,135 7,327,610	2023 £ 8,639 6,961,073
Current assets Debtors 12 Cash at bank and in hand	117,765 226,536	7,345,745	6,969,712 65,780 502,093
Liabilities Creditors: amounts falling due within one year 13	344,301 (84,318)		567,873 (139,983)
Net current assets		259,983	427,890
Net assets 15		7,605,728	7,397,602
Funds Endowment funds 16 Restricted funds 17 Unrestricted funds 17		7,287,106 263,885 54,737	6,915,277 382,665 99,660
Total charity funds		7,605,728	7,397,602

These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies' regime.

Approved by the trustees on 23 October 2025 and signed on their behalf by

Mr H Robinson Chair of Trustees

Mr R Ingle Trustee

County of Gloucestershire Community Foundation For the Year Ended 31 December 2024

County of Gloucestershire Community Foundation

Notes to the financial statements

For the year ended 31 December 2024

General Information

The County of Gloucestershire Community Foundation is a registered charitable company constituted under a Memorandum of Articles of Association dated 6 September 1989. The address of the registered office is given in the charity information on page 1 of these financial statements.

1. Accounting policies

a) Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP 2019 (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

County of Gloucestershire Community Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

b) Company status

The Charity is a private company limited by guarantee registered in England and Wales. The members of the company are the Trustees named on page 3. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the Charity.

c) Funds accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Endowment funds are funds which are held on trust to be retained for the benefit of GCF as a capital fund. Where the Trustees must permanently maintain the whole of the fund it is referred to as permanent endowment and such a fund cannot normally be spent as if it were income. Where the Trustees have a power of discretion to convert endowed capital into income, it is referred to as expendable endowment.

With the exception of the Community First endowment funds, the Charity’s endowment funds are invested in bespoke portfolio managed by the fund managers CCLA and Sarasin. In relation to these funds, the Trustees operate a “total return” policy (capital growth and yield) and approve 4% to be transferred from the endowment fund to the grant making funds. Where the income yields fell short of 4%, a top-up was made by reducing the capital gains or increasing the capital losses (as appropriate) of the share portfolio.

The Community First endowment funds are held in a unitised investment fund managed by CCLA. The remit of this fund is to achieve an income return of approximately 4%, whilst still maintaining the capital value of the fund. This fund does not operate on a total return basis and, as such, there is no adjustment between the capital gains, or losses, of the investment fund and investment income.

Investment income, gains and losses are allocated to the appropriate fund.

2 3

County of Gloucestershire Community Foundation For the Year Ended 31 December 2024

County of Gloucestershire Community Foundation

Notes to the financial statements

For the year ended 31 December 2024

d) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Donated services or facilities, which comprise donated services, are included in income at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognised where there is no financial cost borne by a third party. A corresponding amount is then recognised in expenditure in the period of receipt.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

For legacies, 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 finalised and notification has been made by the executor to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Income from grants is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

e) Expenditure

All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources.

Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year-end are noted as a commitment, but not accrued as expenditure.

All resources expended are inclusive of irrecoverable VAT.

f) Allocation of support and governance costs

Support costs are those costs incurred directly in support of expenditure on the objects of the Charity and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the Charity and compliance with constitutional and statutory requirements. The basis of allocation of support and governance costs is shown in Note 6.

County of Gloucestershire Community Foundation For the Year Ended 31 December 2024

County of Gloucestershire Community Foundation

Notes to the financial statements

For the year ended 31 December 2024

g) Going concern basis of accounting

The Charity produces annual budgets and forecasts which take into account expected changes in the funding streams and which demonstrate that the charity will be able to continue to operate. As described in the Trustees' Report, the charity does not embark on major initiatives without committed funding. The core funding is closely reviewed and the F&I Committee looks at the Foundation's development and this in turn brings a contribution to core funding. Therefore the Trustees have reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. On this basis, the Trustees consider it appropriate to prepare the financial statements on the going concern basis.

h) Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

IT Software: Amortised over 3 years Freehold land: No depreciation is provided on freehold land.

i) Investments

Investments are stated at market value at the balance sheet date. The Statement of Financial Activities includes the net gains and losses arising on revaluations and disposals throughout the year.

j) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

k) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

l) Creditors

Creditors and provisions are recognised where the charity has a present obligation 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 obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

m) Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

n) Going Concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainies exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months for authorising these financial statements and have concluded that the budgeted income and expenditure is sufficient, in conjunction with the reserves of the Foundation to be able to continue as a going concern.

County of Gloucestershire Community Foundation For the Year Ended 31 December 2024

County of Gloucestershire Community Foundation

Notes to the financial statements

For the year ended 31 December 2024

2. Prior period comparatives: statement of financial activities

Income from: Donations and legacies Investments Total income Expenditure on: Raising funds Fundraising Donor development Investment management fees Charitable activities Grants payable Donor services Total expenditure Net gains / (losses) on investments Net income / (expenditure) Transfers between funds Net movement in funds 3. Donations and legacies Donations received Administration fees Total donations and legacies Prior period comparative: Donations received Administration fees Total donations and legacies Net income / (expenditure) before gains and losses	Endowment £ 12,598 - 12,598 - - 25,425 - - 25,425 (12,828) 367,094 354,266 (120,875) 233,391 Endowment £ 21,650 - 21,650 Endowment £ 12,750 - 12,750	Restricted £ £ 239,470 145,772 89,516 1,278 328,986 147,050 13,808 48,002 - 28,214 - - 492,693 35,447 - 65,504 506,501 177,167 (177,515) (30,117) - - (177,515) (30,117) 89,875 31,000 (87,640) 883 Restricted £ £ 132,661 35,680 - 116,695 132,661 152,375 Restricted £ £ 239,318 18,743 - 127,029 239,318 145,772 Unrestricted Unrestricted Unrestricted	2023 Total £ 397,840 90,794 488,634 61,811 28,214 25,425 - 528,140 65,504 709,094 (220,460) 367,094 146,634 - 146,634 2024 Total £ 189,991 116,695 306,686 2023 Total £ 270,811 127,029 397,840

The charity derives the majority of its income from its endowment and from building relationships with donors. Apart from occasional fundraising events and specific targeted campaigns, the charity does not engage in significant fundraising activity and never engages third parties for this.

County of Gloucestershire Community Foundation For the Year Ended 31 December 2024

County of Gloucestershire Community Foundation

Notes to the financial statements

For the year ended 31 December 2024

4. Investment income

Less income shortfall Interest receivable Total investment income Prior period comparative: Less income shortfall Interest receivable Total investment income 5. Grants payable Grants payable (*) Grant funds repaid 4% investment income allocated to funds 4% investment income allocated to funds	Endowment £ - - - - - Endowment £ - - - - - Number 160 (6) 154	Restricted £ £ 228,516 - (67,986) - 160,530 - - 827 160,530 827 Restricted £ £ 160,392 - (70,876) - 89,516 - - 1,278 89,516 1,278 2024 Total £ Number 423,395 176 (27,015) (2) 396,380 174 Unrestricted Unrestricted	2024 Total £ 228,516 (67,986)
			160,530 827
			161,357 2023 Total £ 160,392 (70,876)
			89,516 1,278
			90,794 2023 Total £ 497,046 (4,353)
			492,693

(*) Excluding allocation of support costs, see note 6.

County of Gloucestershire Community Foundation For the Year Ended 31 December 2024

County of Gloucestershire Community Foundation

Notes to the financial statements

For the year ended 31 December 2024

6. Total expenditure

Costs by charitable activity

Fundraising Donor development Donor services Investment management fees Grants payable Total resources expended	£ 30,012 28,273 34,835 - 16,727 109,847 Activities undertaken directly	Grant funding of activities £ - - - - 396,380 396,380	Support costs £ 13,298 25,480 42,802 - 24,164 105,744	2024 Total £ 43,310 53,753 77,637 - 437,271
				611,971

Allocation of support costs by activity

Fundraising Donor development Donor services Grants payable Total	Staff costs £ £ 6,845 873 19,027 873 23,443 2,619 11,257 1,746 60,572 6,111 Governance costs	Office costs £ 1,572 1,572 4,715 3,144 11,003	Other costs £ 4,008 4,008 12,025 8,017 28,058	Total £ 13,298 25,480 42,802 24,164
				105,744

Basis of cost allocations

Basis of cost allocations
Fundraising Donor development Donor services Grants payable	Staff costs % % 11.3 14.3 31.4 14.3 38.7 42.9 18.6 28.6 100 100 Governance costs	Office costs % 14.3 14.3 42.9 28.6 100	Other costs % 14.3 14.3 42.9 28.6
			100

Staff costs are allocated to activities according to an analysis of staff timesheets. All other costs are allocated to activities following an agreed overhead split.

County of Gloucestershire Community Foundation For the Year Ended 31 December 2024

County of Gloucestershire Community Foundation

Notes to the financial statements

For the year ended 31 December 2024

6. Total expenditure (continued)

Prior period comparatives

Costs by charitable activity

Costs by charitable activity
Fundraising Donor development Donor services Investment management fees Grants payable Total resources expended	£ 39,041 13,548 29,343 25,425 14,707 122,064 Activities undertaken directly	Grant funding of activities £ - - - - 492,693 492,693	Support costs £ 22,770 14,666 36,161 - 20,740 94,337	2023 Total £ 61,811 28,214 65,504 25,425 528,140
				709,094

Allocation of support costs by activity

Fundraising Donor development Donor services Grants payable Total Basis of cost allocations Fundraising Donor development Donor services Grants payable	Staff costs Office costs £ £ £ 17,501 843 2,256 9,397 843 2,256 20,352 2,529 6,768 10,201 1,686 4,511 57,451 5,901 15,791 Staff costs % % 30.5 14.3 16.4 14.3 35.4 42.8 17.8 28.6 100 100 Governance costs Governance costs	Other costs £ 2,171 2,171 6,512 4,340 15,194 Office costs % 14.3 14.3 42.8 28.6 100	Total £ 22,771 14,667 36,161 20,738
			94,337 Other costs % 14.3 14.3 42.8 28.6
			100

Staff costs are allocated to activities according to an analysis of staff timesheets. All other costs are allocated to activities following an agreed overhead split.

County of Gloucestershire Community Foundation For the Year Ended 31 December 2024

County of Gloucestershire Community Foundation

Notes to the financial statements

For the year ended 31 December 2024

7. Net movement in funds

This is stated after charging:

Auditors' remuneration: Statutory audit (including VAT) Trustees' remuneration Trustees' reimbursed expenses	2024 £ Nil - 5,790	2023 £ Nil - 5,700

Trustees' reimbursed expenses related to event expenses for two trustees totalling £346 (2023: £275)

8. Staff costs and numbers

Staff costs were as follows:

Salaries and wages Pensions Social security costs Consultants and secondees	2024 £ 118,691 2,653 6,843 22,105 150,292	2023 £ 109,007 2,317 5,416 21,671 138,411

The total amount of employee benefits (including employer pension contributions and employer national insurance contributions, received by key management personnel for their services to the charity was £128,187 (2023: £114,465)

No employee earned more than £60,000 during the year (2023: nil).

Average head count	2024 No. 3	2023 No. 3

9. Taxation

The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

County of Gloucestershire Community Foundation For the Year Ended 31 December 2024

County of Gloucestershire Community Foundation

Notes to the financial statements

For the year ended 31 December 2024

10. Tangible fixed assets

Cost
As at 1 January 2024
Depreciation
As at 1 January 2024
Charge for year
As at 31 December 2024
Net book value
At 31 December 2024
At 31 December 2023
Intangible fixed assets
Cost
As at 1 January 2024
Additions
As at 31 December 2024
Accumulated Amortisation
As at 1 January 2024
Charge for year
As at 31 December 2024
Net book value
At 31 December 2024
At 31 December 2023
11.
Investments
Market value at 1 January 2024
Acquisitions at cost
Disposals proceeds
Net gain in the year
Portfolio fees
Cash movement
Market value at 31 December 2024
Represented by:
Listed investments
Cash and cash equivalents
Analysis by geographical sector:
Investment assets in the UK
Investment assets outside the UK

Freehold land
£
4,000
-
-
-
4,000
4,000
£
5,787
13,824
19,611
1,148
4,329
5,477
14,135
4,639
2024
2023
£
£
6,961,073
6,773,894
77,132
5,838,475
(98,535)
(5,799,907)
428,785
383,077
(12,284)
(25,425)
(28,561)
(209,041)
7,327,610
6,961,073
7,311,559
6,909,569
16,051
51,504
7,327,610
6,961,073
1,184,398
2,802,038
6,143,212
4,159,035
7,327,610
6,961,073

Portfolio fees are not shown in the Statement of Financial Activity as they are netted off against income.

County of Gloucestershire Community Foundation For the Year Ended 31 December 2024

County of Gloucestershire Community Foundation

Notes to the financial statements

For the year ended 31 December 2024

12. Debtors Prepayments & accrued income Other debtors	2024 £ 77,765 40,000 117,765	2023 £ 25,780 40,000 65,780

Other debtors relates to a legacy and is an estimate. The likely receipt is now expected to be £49,422.

13. Creditors : amounts due within 1 year

Trade creditors Accruals Grants payable 14. Financial instruments Financial assets measured at fair value through income and expenditure Financial assets measured at amortised cost Financial liabilities measured at amortised cost	2024 £ 18,857 10,935 54,526 84,318 2024 £ 7,311,559 36 , 81,297	2023 £ 5,913 15,921 118,149 139,983 2023 £ 6,909,569 617,130 137,408

15. Analysis of net assets between funds

Tangible & Intangible fixed assets Investments Debtors Cash at bank and in hand Creditors Net assets at 31 December 2024 Prior period comparative: Tangible fixed assets Investments Debtors Cash at bank and in hand Creditors Net assets at 31 December 2023	£ - 7,283,606 3,500 - - 7,287,106 £ - 6,913,402 1,875 - - 6,915,277 Endowment funds Endowment funds	£ 4,000 44,004 110,151 160,256 (54,526) 263,885 £ 4,000 47,671 57,132 392,011 (118,149) 382,665 Restricted funds Restricted funds	£ 14,136 - 4,114 66,280 (29,792) 54,738 £ 4,639 - 6,773 110,082 (21,834) 99,660 Unrestricted funds Unrestricted funds	Total funds £ 18,135 7,327,610 117,765 226,536 (84,318) 7,605,728 Total funds £ 8,639 6,961,073 65,780 502,093 (139,983) 7,397,602

County of Gloucestershire Community Foundation For the Year Ended 31 December 2024

County of Gloucestershire Community Foundation

Notes to the financial statements

For the year ended 31 December 2024

==> picture [491 x 593] intentionally omitted <==

----- Start of picture text -----
16. Endowment funds
At 1 Net Gains / Transfers At 31
January Income losses on Total between December
2024 received investments Expenditure funds 2024
£ £ £ £ £ £
Discretionary endowment funds
Gloucestershire Community
Foundation Discretionary 1,203,085 - 69,900 - - 1,272,985
Cammjelt 32,191 - 1,871 - - 34,062
Chargrove 29,011 - 1,686 - - 30,697
Charles Green 41,555 - 2,415 - - 43,970
Chris Tallis 25,306 - 1,471 - - 26,777
Diamond Jubilee 313 - 18 - - 331
Eddie Wilson 3,222 - 187 - - 3,409
Ian Cadbury 121,173 - 7,033 - - 128,206
Joanna Trollope 100,024 - 5,812 - - 105,836
Ozleworth 399,792 - 23,231 - - 423,023
Patrick Wood 7,541 - 438 - - 7,979
Simon Preston 28,481 - 1,655 - - 30,136
Restricted endowment funds
Gloucestershire Community
Foundation Community First 26,500 - 727 - - 27,227
GCF Community Investors - 1,250 - - 625 1,875
Andrew Hilton Memorial Community
First 44,872 - 574 - - 45,446
Barton & Tredworth Endowment Fund 83,743 - 4,866 - - 88,609
Cadbury Family Community First 18,514 - 508 - - 19,022
Cheltenham College 19,392 - 1,127 - - 20,519
Cheltenham College Community First 9,847 - 270 - - 10,117
Ecclesiastical Community First 100,697 - 2,763 - - 103,460
Edith Foster May Playne 100,543 - 5,842 - - 106,385
The Hayward Waite Charitable Trust 117,929 - 6,830 - - 124,759
The Hitchin’s Family Trust 1,626,322 - 90,872 - (2,500) 1,714,694
The Honourable Company of
Gloucestershire Community First 4,465 - 123 - - 4,588
The Honourable Company of
Gloucestershire Grassroots 64,926 - 3,773 - - 68,699
GCMA Grassroots 913,241 - 53,067 - - 966,308
John Terrett 54,832 - 3,186 - - 58,018
Mid-counties Community First 273,873 - 7,516 - - 281,388
Rigby Family Community First 130,429 - 3,579 - - 134,008
Sharp Family Charitable Fund 52,245 21,250 981 (850) - 73,626
Sheriff of Gloucestershire Community
First 311,064 - 8,536 - - 319,600
Sheriff of Gloucestershire Grassroots 71,526 - 4,156 - - 75,682
Sheriff of Gloucestershire, incl Avon 18,081 - 1,051 - - 19,132
Tony Neather 102,487 - 5,955 - - 108,442
Parker Legacy Fund 215,309 - 12,519 - - 227,828
WFT Community First 476,686 - 13,081 - - 489,767
W Vesty Commuinity First Fund 17,965 - 493 - - 18,458
W Vesty Grassroots 68,095 - 3,942 - - 72,037
Total endowment funds 6,915,277 22,500 352,054 (850) (1,875) 7,287,105
----- End of picture text -----

County of Gloucestershire Community Foundation For the Year Ended 31 December 2024

County of Gloucestershire Community Foundation

Notes to the financial statements

For the year ended 31 December 2024

16. Endowment funds (continued)

The Hitchins Family Trust Capital Fund

The Hitchins Family Trust Company placed endowment with the Foundation to be applied towards the objects of the Foundation, namely for the benefit of the community in Gloucestershire. An expendable endowment, in line with the investments policy fund, has been established and the agreed growth will be credited to the Hitchins Family Trust Income Fund for grant making purposes.

Barton & Tredworth Endowment Fund

The Barton and Tredworth Endowment Fund has been set up to make grants supporting community activity exclusively in the Barton and Tredworth areas of Gloucestershire.

Cadbury Funds

The Ian Cadbury Fund and the Cadbury Community First Funds are invested and the income to be spent to help overcome disadvantage in Gloucestershire.

Cheltenham College Fund and Community First Fund

Cheltenham college Fund's has been set up to help alleviate hardship for youth in Gloucestershire.

Hayward Waite Charitable Fund, The

Hayward Waite Charitable Fund has been set up to help young people with mental health problems, disadvantaged young people and to support transgender people and their families.

Parker Legacy Fund

The Parker Legacy Fund was set up to provide specific financial assistance in the County of Gloucestershire to support children and young people with musical talent with bursaries including choirs and choral societies and to make grants for people of all ages with learning difficulties to introduce them to classical music as therapy.

Other Endowment Funds

The Other Named Endowment Funds have been established by raising money from donations, the return from which is to provide a source of funding to the community. The Board approves the amount of funds to be allocated to grant making in line with the Foundation's Investment policy.

GMCA - Grassroots Endowment Fund

GMCA is a fund set up by the Gloucestershire Freemasons with the aim that this Endowment Fund benefits local people and communities in Gloucestershire for many years to come.

Other Grassroots Endowment Funds

The Other Grassroots Endowment Funds have been established, the return from which is to provide a source of funding to the community. The Board approves the amount of funds to be allocated to grant making in line with the Foundation's Investment policy.

Community First Endowment Funds

In March 2012 the Community First Programme was set up. The aim of the programme was to encourage more social action in neighbourhoods with significant deprivation and low social capital. It aimed to enable communities to build more selfreliance and grow their capacity to make the changes they want to see in their area. For every £2 of eligible cash donations, the Government matched at least £1 up to the maximum annualised target for each Top Tier Local Authority Area. CCLA were appointed by the UKCF to manage the endowed funds under the Community First programme. The funds invested with CCLA (including the government match) are owned by the remitting Community Foundation.

Transfers

Transfers between endowment funds and revenue funds in 2023 were made to provide endowment fund holders with income for grant making. The transfers took place to top up a shortfall in dividend income received from investments during the year. There was also a transfer from Hitchins Charitable Trust Endowment frund in the amount of £50,000, split to support GCF core funding £25,000 and extra grant making in the Hitchins CT Revenue fund £25,000.

County of Gloucestershire Community Foundation For the Year Ended 31 December 2024

County of Gloucestershire Community Foundation

Notes to the financial statements

For the year ended 31 December 2024

16. Endowment funds (continued)

Prior period comparatives: Discretionary endowment funds Cammjelt Chargrove Charles Green Chris Tallis Diamond Jubilee Eddie Wilson Ian Cadbury Joanna Trollope Ozleworth Patrick Wood Simon Preston Restricted endowment funds Barton & Tredworth Endowment Fund Cadbury Family Community First Cheltenham College Ecclesiastical Community First Edith Foster May Playne The Hayward Waite Charitable Trust The Hitchin’s Family Trust GCMA Grassroots John Terrett Mid-counties Community First Rigby Family Community First Sharp Family Charitable Fund Sheriff of Gloucestershire, Grassroots Sheriff of Gloucestershire, incl Avon Tony Neather Parker Legacy Fund WFT Community First W Vesty Commuinity First Fund W Vesty Grassroots Total endowment funds The Honourable Company of Gloucestershire Grassroots Sheriff of Gloucestershire Community First Andrew Hilton Memorial Community First Cheltenham College Community First The Honourable Company of Gloucestershire Community First Gloucestershire Community Foundation Discretionary Gloucestershire Community Foundation Community First	At 1 January 2023 £ 1,178,669 31,537 28,421 40,711 24,792 307 3,156 118,719 97,994 391,676 7,388 27,903 24,130 43,543 82,042 16,858 18,998 8,967 91,691 98,502 115,550 1,606,782 4,066 63,608 894,703 53,719 249,379 118,764 39,803 283,244 70,075 17,714 100,407 210,933 434,053 16,358 66,723 6,681,885	Net Income received £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - 12,600 - - - - - - - - 12,600	Gains / losses on investments £ 45,015 1,205 1,086 1,555 947 12 121 4,531 3,743 14,960 282 1,066 2,370 1,329 3,134 1,656 726 880 9,006 3,762 4,404 99,323 399 2,429 34,173 2,052 24,494 11,665 919 27,820 2,676 677 3,835 8,060 42,633 1,607 2,542 367,094	£ (5,564) (149) (134) (192) (117) (1) (15) (560) (463) (1,849) (35) (132) - - (387) - (90) - - (465) (544) (7,637) - (300) (4,224) (254) - - (114) - (331) (84) (474) (996) - - (314) (25,425) Total Expenditure	£ (15,035) (402) (362) (519) (316) (4) (40) (1,517) (1,250) (4,995) (94) (356) - - (1,046) - (242) - - (1,256) (1,481) (72,145) - (811) (11,411) (685) - - (963) - (894) (226) (1,281) (2,688) - - (856) (120,875) Transfers between funds	At 31 December 2023 £ 1,203,085 32,191 29,011 41,555 25,306 313 3,222 121,173 100,024 399,792 7,541 28,481 26,500 44,872 83,743 18,514 19,392 9,847 100,697 100,543 117,929 1,626,322 4,465 64,926 913,241 54,832 273,873 130,429 52,245 311,064 71,526 18,081 102,487 215,309 476,686 17,965 68,095 6,915,277

County of Gloucestershire Community Foundation For the Year Ended 31 December 2024

County of Gloucestershire Community Foundation

Notes to the financial statements

For the year ended 31 December 2024

17. Revenue funds

Restricted funds Andrew Hilton Memorial Fund Community First Autumn 2012 Flood Barton and Tredworth Endowment Fund Barton and Tredworth Community Garden Fund Cadbury Family Community First Fund Cammjelt Carers Gloucestershire Legacy Fund Chargrove Charles Green Charles Russell Speechys Fndn Comm Fund Cheltenham College Community First Chris Tallis Grassroots Clubs in Crisis Fund Common Ground Garden Fund Community Investors Fund Coronavirus Repsonse Fund Cost of Living Crisis Appeal Fund Ecclesiastical funds Eddie Wilson Grassroots Edith Foster Mary Playne GAVCA Revenue Fund GCMA Grassroots Glos Community Fdn Discretionary The Hayward Waite Charitable Fund The Hitchin’s Family Trust Hitchins Revenue Fund Ian Cadbury Fund Joanna Trollope Fund John Terrett Fund Little Orchard Charitable Trust Revenue Fund Nicolas Jones Fund Mentoring Fund (INVEST) Mid-counties Community First Oakley Neighbourhood Fund Ozleworth Patrick Wood Grassroots Parker Fund Poverty Hurts Campaign Rigby Family Community First Savills Sharp Family Charitable Fund Sheriff of Gloucestershire Funds Sheriff of Gloucestershire Funds Getting Court Simon Preston Fund Sports Relief Stuart Bird Fund Surviving Winter SWEF The Honourable Company of Gloucestershire Tony Neather Fund W Vesty Grassroots & Community First WFT Community First Youth Social Action Fund (UKCF) Gloucestershire Carers - Legacy provision Total restricted funds The Honourable Company of Gloucestershire Community First Fund	At 1 January 2024 £ 717 125 (209) 4,000 167 52 9,853 43 79 - 3,776 209 1 - - 4 1 34,315 101 12,094 58 1,902 32,810 4,301 13,129 - 24 283 16,973 1,961 - 10,298 6,774 2,657 10,253 63 5,497 35,949 8,461 1 2,502 38,685 42,754 230 126 15,000 497 7,910 6 104 693 10,859 5,956 620 40,000 382,665	Net Income £ 1,113 - 2,099 - 287 807 - 727 1,041 29,250 639 634 - 4,309 2,500 - - 1,562 81 2,520 - 22,887 31,542 4,700 46,873 12,500 3,037 2,507 1,374 - - - 4,248 - 10,019 189 5,396 47,068 2,023 - 1,309 8,594 20,000 714 - - - 10,000 1,627 69 2,568 1,985 7,393 - - 296,192	Net Expenditure £ - - 2,500 - (160) (850) (9,777) (466) (1,120) (27,750) - (800) - (18,712) - 70 - (8,250) - (3,500) - (24,797) (64,115) (9,000) (47,057) (17,034) (3,000) (2,700) - - - (227) - (2,500) (13,690) (250) (7,500) (79,414) (3,000) - - (15,060) (27,840) (500) (125) (7,000) - (9,598) (1,000) - (2,000) - (10,000) - - (416,222)	£ £ - 1,830 - 125 (5,000) (610) - 4,000 - 294 - 10 - 76 - 304 - 1 - 1,500 - 4,415 - 43 - 1 17,315 2,912 1,250 3,750 - 74 - 1 - 27,627 - 182 - 11,114 - 58 - (8) - 237 - 1 (11,849) 1,096 4,534 - - 61 - 90 - 18,347 - 1,961 - - - 10,071 - 11,022 - 157 - 6,582 - 2 - 3,393 - 3,603 - 7,484 - 1 - 3,811 (5,000) 27,219 - 34,914 - 444 - 1 - 8,000 - 497 - 8,312 - 633 - 173 - 1,261 - 12,844 - 3,349 - 620 - 40,000 1,250 263,885 Transfers between funds At 31 December 2024

County of Gloucestershire Community Foundation For the Year Ended 31 December 2024

County of Gloucestershire Community Foundation

Notes to the financial statements

For the year ended 31 December 2024

17. Revenue funds (continued) Staffing and support Total revenue funds Unrestricted funds Total unrestricted funds	At 1 January 2024 £ 99,660 99,660 482,325	Net incoming resources £ 150,202 150,202 446,394	Net Expenditure £ (195,750) (195,750) (611,972)	£ £ 625 54,737 625 54,737 1,875 318,622 Transfers between funds At 31 December 2024

Purposes of restricted funds

The Hitchins Family Trust Income Fund

The Hitchins Family Trust Company placed certain sums with the Foundation to be applied towards the objects of the Foundation, namely for the benefit of the community in Gloucestershire. A special trust permanent endowment fund has been established (see note 15) and some of the yield arising from the endowment will be credited to this Income Fund for grant making purposes.

John Terrett Fund

Educational Foundation of John Terrett Fund to be used for benefit of pupils and ex pupils of Tewkesbury School.

GAVCA Fund

The GAVCA Fund was established to continue to support voluntary and community groups with capacity building, training and for new groups in need of governance or financial advice.

John Lewis Fund

To support the VCSO's in Gloucestershire.

Little Orchard Charitable Trust Revenue Fund

To support local voluntary and community groups and organisations that are in the field of mential health.

Carers Gloucestershire Legacy

The Carers Gloucestershire Legacy Fund has been established to offer grants to local charitable organisations to provide support to adult unpaid carers.

Tony Neather

Grants from the fund will be given to groups working with disadvantaged young people taking part in sport.

The High Sheriff's Youth and Community Fund

The fund aims to encourage groups especially of young people up to the age of 21 to be involved in challenging activities which can be shown to serve a purpose in diverting them from anti-social behaviour and crime.

WFT Community First Fund

This donor advised fund works with GCF main grants panel to help overcome disadvantage in Gloucestershire, the fund's aim is to encourage groups to develop their capacity for self sustenance via community fundraising activities and exchange learning and good practice.

Surviving Winter Appeal

The fund provides grants to local groups and organisations working with elderly people. In addition, working in partnership with Age UK Gloucestershire and Gloucester & District CAB, the fund makes grants to individual elderly people who are vulnerable, on low incomes and affected by cold weather.

The Freemasons Fund (GMCA)

The programme awards grant of between £250 and £2,000 to support older people, those with disabilities and young people facing disadvantage.

Edith Foster and Mary Playne Trust Fund

GCF works in partnership with local colleges to make grants to individuals (mainly aged 16-19 years) who are studying at a further or higher education college in Gloucestershire and are in need, hardship or distress.

County of Gloucestershire Community Foundation For the Year Ended 31 December 2024

County of Gloucestershire Community Foundation

Notes to the financial statements

For the year ended 31 December 2024

17. Revenue funds (continued)

Purposes of restricted funds (continued)

Ecclesiastical Community First Fund

This is a donor-led named fund being offered through the Gloucestershire Community Foundation with effect from May 2012. The programme supports groups who provide Care, work with vulnerable children and adults and the preservation of Gloucestershire’s heritage. Grants of between £1,000 and £3,000 (in exceptional circumstances a grant of up to £5,000) will be considered.

Midcounties Community First Fund

This donor-led fund offers grants in Gloucestershire to encourage community responsibility, develop community capacity and demonstrate cooperative values.

The Honourable Company of Gloucestershire Fund & Community First Fund

The fund works with GCF main grants panel to deliver grantmaking to help overcome disadvantage and promote youth education in Gloucestershire.

Andrew Hilton Memorial Community First Fund

This fund works with GCF main grants panel to support young carers, vulnerable children and adults in the Forest of Dean

Rigby Family Community First Fund

This fund supports youth sport in the communities of Cirencester, Fairford, Tetbury and Dursley.

Vesty Fund

Grants from this growing fund are to encourage the participation of sports for young people under the age of 16 in areas of social deprivation in the county.

Royal London Fund

Royal London is a donor-led fund supporting a wide range of causes across Gloucestershire.

Poverty Hurts Campaign

GCF launched a Poverty Hurts campaign in 2023, and funding came in from all sources to help charities, helping those most in need during these challenging times.

Transfers

Prior period comparatives: Restricted funds Andrew Hilton Memorial Fund Community First Autumn 2012 Flood Barton and Tredworth Endowment Fund Barton and Tredworth Community Garden Fund Cadbury Family Community First Fund Cammjelt Carers Gloucestershire Legacy Fund Chargrove Charles Green Charles Russell Speechys Fndn Comm Fund Cheltenham College Community First Chris Tallis Grassroots Clubs in Crisis Fund Coronavirus Repsonse Fund Sub total carried forward	At 1 January 2023 £ 7,341 125 5,403 4,000 61 30 31,271 53 18 - 3,144 63 1 4 51,514	Net Income £ 981 - 1,092 - 256 420 - 378 542 18,000 390 330 - - 22,389	Net Expenditure £ (7,605) - (7,750) - (150) (800) (21,418) (750) (1,000) (18,000) - (500) - - (57,973)	£ - - 1,046 - - 402 - 362 519 - 242 316 - - 2,887 Transfers between funds	At 31 December 2023 £ 717 125 (209) 4,000 168 52 9,853 43 79 - 3,776 209 1 4 18,818

County of Gloucestershire Community Foundation For the Year Ended 31 December 2024

County of Gloucestershire Community Foundation

Notes to the financial statements

For the year ended 31 December 2024

17. Revenue funds (continued)

Prior period comparatives (continued): Sub total carried forward Cost of Living Crisis Appeal Fund Ecclesiastical funds Eddie Wilson Grassroots Edith Foster Mary Playne GAVCA Revenue Fund GCMA Grassroots Glos Community Fdn Discretionary The Hayward Waite Charitable Fund The Hitchin’s Family Trust Ian Cadbury Fund Joanna Trollope Fund John Lewis Fund John Terrett Fund Little Orchard Charitable Trust Revenue Fund Nicolas Jones Fund - NEW Mentoring Fund (INVEST) Mid-counties Community First Oakley Neighbourhood Fund Ozleworth Patrick Wood Grassroots Parker Fund Poverty Hurts Campaign Rigby Family Community First Savills Sharp Family Charitable Fund Sheriff of Gloucestershire Funds Sheriff of Gloucestershire Funds Getting Court Simon Preston Fund Sports Relief Stuart Bird Fund Surviving Winter SWEF The Honourable Company of Gloucestershire Tony Neather Fund W Vesty Grassroots & Community First WFT Community First Youth Social Action Fund (UKCF) Gloucestershire Carers - Legacy provision Total restricted funds Staffing and support Total unrestricted funds Total revenue funds The Honourable Company of Gloucestershire Community First Fund Unrestricted funds	At 1 January 2023 £ 51,514 39,857 32,918 19 14,528 58 994 64,516 2 16,827 31 230 8,000 15,573 2,961 (1,000) 20,298 4,825 2,657 48 70 5,001 - 27,152 1 1,465 54,166 28,964 3 126 - 497 20,000 1,867 224 77 10,371 4,845 620 40,000 470,305 98,777 98,777 569,082	Net Income £ 22,389 43,181 1,397 42 1,310 - 11,900 22,074 5,818 41,427 1,576 1,303 - 715 9,000 3,000 - 3,799 - 5,210 99 2,808 56,681 1,809 - 74 28,516 20,000 371 - 25,500 - - 846 62 1,335 10,132 6,611 - - 328,985 147,050 147,050 476,035	Net Expenditure £ (57,973) (83,037) - - (5,000) - (22,403) (68,819) (3,000) (92,270) (3,100) (2,500) - (10,000) (2,000) (12,000) (1,850) - - (200) (5,000) (29,732) (20,500) - - (45,117) (6,210) (500) - (10,500) - -12090 (3,518) (182) (2,000) (1,500) (5,500) - - (506,501) (177,167) (177,167) (683,668)	£ 2,887 - - 40 1,256 - 11,411 15,039 1,481 47,145 1,517 1,250 (8,000) 685 - - 2,000 - - 4,995 94 2,688 9,000 - - 963 1,120 - 356 - - - - 811 - 1,281 (8,144) - - - 89,875 31,000 31,000 120,875 Transfers between funds	At 31 December 2023 £ 18,818 1 34,315 101 12,094 59 1,902 32,810 4,301 13,129 23 283 1 16,973 1,961 - 10,298 6,774 2,657 10,253 63 5,497 35,949 8,461 1 2,502 38,685 42,754 230 126 15,000 497 7,910 6 104 693 10,859 5,956 620 40,000 382,666 99,660 99,660 482,326

County of Gloucestershire Community Foundation For the Year Ended 31 December 2024

County of Gloucestershire Community Foundation

Notes to the financial statements

For the year ended 31 December 2024

==> picture [489 x 628] intentionally omitted <==

----- Start of picture text -----
18. Grants payable to institutions and individuals
2024 2023
Disadvantaged communities £ £
-
All Nations Community Centre 2,500
-
Barton and Tredworth Cultural Fayre 1,500
-
Churn Neighbourhood Project, The 2,500
-
Cinderford Area Neighbourhood Development Initiative (CANDI) 5,000
Cinderford Grows 2,000 -
-
Creative Sustainability CIC (2 grants totalling) 6,500
Fair Shares Gloucestershire 3,000 -
George Paul 1,200
-
GL11 Community Hub 2,500
-
Gloucester Community Building Collective 5,000
-
Gloucestershire Community Rail Partnership 3,000
Gloucestershire Cricket Foundation - 2,500
-
Gloucestershire Rape and Sexual Abuse Centre (2 grants totalling) 6,500
Gloucestershire Voices Limited 5,000 -
Home Start North and West Gloucestershire 5,000 -
-
Lydney Dial A Ride 2,000
Men in Sheds Cheltenham & Gloucester 2,500 -
-
Miss Morgan Dutton 1,913
Miss Poppy O'Riordan 350 -
-
Miss Tieti Lumakangilu 2,000
-
Mr Oliver Wright 1,678
Nelson Trust 1,500 -
Newent Initiative Trust 5,000 -
One Church 1,000 -
Read Easy Cheltenham and Gloucester - 500
-
Sanctuary Breaks CIO 5,000
-
Stroud District Furniture Project 5,000
-
The Community Rest Garden (CRG) - (Friends of Elmfield) 1,000
The Nest in Gloucestershire 5,000 -
The Recycling Shop CIC 925 -
Westbury on Severn Rugby Football Club 500 -
Wheel Good Vibes CIC 2,000 -
25 grant totalling 70,275 21,290
Carers £ £
Cheltenham Mental Health Carers Support Group - 260
Cirencester Carer Support Group 4,366 4,158
-
Forest (Mental Health) Carers Support Group 1,000
-
GL11 Community Hub 5,411
Kate's Home Nursing - 500
-
Longfield Hospice Care 10,500
Newent Association for the Disabled - 6,000
-
Parent and Carer Alliance CIC (2 grants totalling) 4,500
2 grant totalling 9,777 26,918
----- End of picture text -----

County of Gloucestershire Community Foundation For the Year Ended 31 December 2024

County of Gloucestershire Community Foundation

Notes to the financial statements

For the year ended 31 December 2024

18. Grants payable to institutions and individuals (continued)

People in poverty / low income 4th Cheltenham Boys Brigade Alabare - Gloucestershire Homes for Veterans Bloodhound Education Ltd (Education centre at GSTP GLOS) (3 grants totalling) Caring for Communities and People Cashes Green Community Centre Cheltenham Foodbank Cheltenham Housing Aid Centre Chipping Campden Support Hub Churn Neighbourhood Project, The Cirencester Housing for Young People (2 grants totalling) Clean Slate Training and Employment (2 grants totalling) Danielle Youta Door Youth Project Dursley Tabernacle Church Family Haven, The Forest Fighting Fit Forest Sensory Services GL Communities Gloucester Cathedral Gloucester Feed the Hungry Gloucester Foodbank Goals Beyond Grass Greenway Gifts Food Bank Hungry No More Kingfisher Treasure Seekers Ltd (2 grants totalling) Lumbs Educational Foundation Miss Teiga Kingston Quedgeley Town Council Stroud and District Citizens Advice Bureau Stroud Subscription Rooms Trust The Country Food Trust The Keepers - Wotton Area Community Hub The Recycling Shop CIC The Rock University of Gloucestershire Students' Union Venture White City 22 grants totalling	2024 £ - 2,000 - - - 2,000 2,000 - - 7,500 5,000 800 - 1,500 - 1,800 - - 2,500 2,500 1,000 1,500 - 2,325 - 3,500 1,598 1,000 - - - - - 2,500 - 3,500 44,523	2023 £ 2,500 - 6,189 500 2,500 - - 1,000 1,500 - 2,000 - 1,500 2,000 2,000 2,500 2,500 - - 3,500 1,000 1,000 - 3,250 - - - 3,000 1,900 8,000 1,500 1,000 1,000 - 51,839

County of Gloucestershire Community Foundation For the Year Ended 31 December 2024

County of Gloucestershire Community Foundation

Notes to the financial statements

For the year ended 31 December 2024

Grants payable to institutions and individuals (continued)
	2024	2023
Children and young people	£	£
1st Westerleigh Guides	500	-
1st Wickwar Brownies	500	-
4th Cheltenham Boys Brigade	-	2,000
7th Gloucester Boys Brigade and Girls Association	1,997	-
Allsorts (2 grants totalling)	-	6,000
Altus School - Belle Vue Centre	1,000	-
Battledown District Guides	-	110
Bloodhound Education Ltd	1,800	-
Breathe	2,500	-
Brockworth Link	-	5,000
Changing Tunes	2,500	-
Charlies	-	1,500
Cheltenham Festivals	7,000	2,500
Cheltenham Saracens Football Club	-	2,200
Cinderford Area Neighbourhood Development Initiative (CANDI)	-	2,400
Creative Sustainability CIC (2 grants totalling)	-	7,500
Creative Youth Network	2,000	-
Door Youth Project (2 grants totalling)	5,500	9,455
Down Hatherley Cricket Club	-	240
Drybrook Methodist Church	1,560	-
Every Cloud Play and Creative Arts Therapy	5,000	-
fly2help	2,229	-
Forest of Dean Baby Bank	2,500	-
Forest of Dean Sea Cadets	-	1,000
Four Towns Play Association	-	2,500
Friendship Café	2,500	-
Gettting Court	(3,000)	-
GL4 CIC	-	1,000
Glos Bangladeshi Youth Organisation	-	2,500
Gloucester City AFC Foundation CIC	1,000	-
Gloucestershire Bundles	-	2,500
Gloucestershire Magistrates Association	2,300	-
Heart Heroes (2 grants totalling)	-	2,000
Learning Partnership West	2,000	-
Lumbs Educational Foundation	1,000	6,000
Lydney Rugby Club	500	-
Mitcheldean Youth Café	2,476	-
Move More (2 grants totalling)	4,411	-
Mr Benjamin Draper	1,650	-
Newent Initiative Trust	2,300	2,500
Read for Good	2,000	-
Read With Me (2 grants totalling)	3,500	7,000
Ruardean Youth Club	-	2,500
St George's Church	-	800
Strike a Light	-	2,500
Tetbury Area Youth and Community Trust (2 grants totalling)	7,500	-
The Chamwell Centre Charity	-	20,000
The Inspire Arts Trust	-	419
The Kindergarten	4,000	-
The Music Works	-	2,500

County of Gloucestershire Community Foundation For the Year Ended 31 December 2024

County of Gloucestershire Community Foundation

Notes to the financial statements

For the year ended 31 December 2024

18. Grants payable to institutions and individuals (continued) Children and young people (continued) The Rock (2 grants totalling) The Spring Centre Trust Fund Toucan for Children CIO Venture White City WAM Youth Charity Your Next Move (2 grants totalling) 36 grants totalling Minority communities Artlift Barton and Tredworth Cultural Fayre Cheltenham Festivals Cindeford Artspace Friendship Café Gloucestershire Bangladeshi Women's Group Gloucester Helping Hands Nowans Community Trust/Lives of Colour (2 grants totalling) Picturedome CIC Pride in Gloucestershire Restore Black C.I.C. Strike a Light Stroud Pride Truth Boxing Club Limited Wye Valley River Festival CIC 13 grants totalling Older people Age UK Gloucestershire (2 grants totalling) Bethesda Methodist Church Chalford Parish Council Churn Neighbourhood Project, The Community Connexions Cotswold Friends Fairford and Lechlade Areas Working for Wellbeing Fair Shares Gloucestershire (2 grants totalling) Forest of Dean Crossroads Caring Forest of Dean & Wye Valley Men's Shed Gloucestershire Academy of Music Guideposts Trust Hope for Tomorrow North and West Gloucestershire District Citizens Advice Reconnect Gloucestershire CIC Sherborne Community Group Stroud Eartth Community The Marmalade Trust 12 grants totalling	2024 £ - - - 2,500 5,000 7,452 85,675 £ 2,000 - 2,500 2,000 1,000 1,500 - 1,472 3,000 1,000 2,000 9,800 1,000 - 5,000 32,272 £ 5,000 3,500 - 1,000 2,500 2,500 2,500 - - 2,500 2,000 - - - 5,000 - 1,440 1,000 28,940	2023 £ 4,500 5,000 1,500 - 3,675 - 109,299 £ - 1,500 - - - - 1,000 - - - - 9,800 - 1,000 - 13,300 £ - 5,000 2,000 - 6,000 5,000 - 7,000 5,000 - - 2,500 1,000 6,440 - 2,000 - - 41,940

County of Gloucestershire Community Foundation For the Year Ended 31 December 2024

County of Gloucestershire Community Foundation

Notes to the financial statements

For the year ended 31 December 2024

18. Grants payable to institutions and individuals (continued)

Families Cheltenham YMCA Cirencester Opportunity Group Limited (2 grants totalling) Family Haven, The Fresh Hope (2 grants totalling) Gloucester Child Contact Centre Gloucestershire Breastfeeding Supporters' Network Gloucestershire Community Rail Partnership Home-Start Cotswolds Home-Start Stroud Monkscroft Pastoral Care Project (2 grants totalling) Northway Pantry Priors Park Community Church Sedbury Space Stroud Subscription Rooms Trust Tewkesbury Baptist Church Tibberton and Taynton Women's Institute (2 grants totalling) Together in Matson Wye Valley River Festival CIC (3 grants totalling) 14 grants totalling Local Residents Churchdown Methodist Church Cotswold Counselling Encouter Vineyard Winchcombe Fairford and Lechlade Areas Working for Wellbeing Forest Fighting Fit GL11 Community Hub (2 grants totalling) GL3 Community Hub Gloucester Community Building Collective IVAR (Institute for Voluntary Action Research) Longborough & Sezincote Village Hall People for You Priors Park Neighbourhood Project Relate Severn and Wye Stroud Book Festival The Barn Theatre Project Wyldwood Arts 0 grants totalling Homelessness Cheltenham Housing Aid Centre (3 grants totalling) Gloucester City Mission Gloucester Nightstop (2 grants totalling) 0 grants totalling	2024 £ - 7,000 2,500 5,000 2,000 5,000 - 5,000 5,000 - 1,924 2,500 2,500 - 2,500 - 2,000 - 42,924 £ - - - - - - - - - - - - - - - - - £ - - - -	2023 £ (1,905) 4,948 6,000 2,000 - - 2,500 - 5,000 7,470 - - - 2,000 - 490 5,000 9,000 42,503 £ 2,500 5,000 1,000 2,500 1,800 6,500 1,000 2,500 500 1,000 5,000 5,000 2,500 2,000 5,000 5,000 48,800 £ 8,000 1,500 5,700 15,200

County of Gloucestershire Community Foundation For the Year Ended 31 December 2024

County of Gloucestershire Community Foundation

Notes to the financial statements

For the year ended 31 December 2024

18. Grants payable to institutions and individuals (continued) People with disabilities and health difficulties: Art for All Art Shape Blackbridge/New Dawn View Allotments Brain Tumour Support (2 grants totalling) Building Circles in Gloucestershire Centred Horseplay Cotswold Riding for the Disabled Cruse Bereavement Care Gloucestershire Forest Pulse (3 grants totalling) Forest Read Easy Forest Sensory Services Fresh Air Sculpture Show GL11 Community Hub Gloucestershire Academy of Music Gloucesteshire Deaf Association Goals Beyond Grass Gympanzees Home Start North and West Gloucestershire Inclusion Gloucestershire Insight Gloucestershire Into Nature CIC ITSA Digital Trust Listening Post Christian Counselling Service Ltd Longfield Hospice Care Nelson Trust (2 Grants totalling) Newent Association for the Disabled (2 grants totalling) Parent and Carer Alliance C.I.C. (2 grants totalling) P.E.A.K Parenting Empowered Autistic Kids Reconnect Gloucestershire CIC Sailability@Whitefriars Saint Michales Cornerstone Trust Scrubditch Care Farm Shine! St Rose's and St Martin's Sratton Primary PTA Stroud and District Citizens Advice Bureau Ltd Stroud Arts Festival Stroud Valleys Project (2 grants totalling) Sunflowers Suicide Support The Recycling Shop CIC The Spring Centre Trust Fund T.I.C (Teens in Crisis) Torthworth Forest Centre CIC TwoCan Inclusive Theatre Company (2 grants totalling) Wild Acres Community Project CIC 31 grants totalling	2024 £ - - - 5,690 5,000 - - 5,000 - (750) 1,000 - - - 3,500 1,000 2,000 - 4,500 2,000 3,000 - 5,000 2,100 (8,746) 4,500 2,750 2,000 1,000 2,000 2,500 5,000 4,000 (3,000) - 5,000 2,250 5,000 - - 5,000 5,000 - 6,000 - 79,294	2023 £ 2,000 3,000 500 - 1,000 2,000 2,000 - 9,500 750 2,000 5,000 5,000 2,391 6,850 - 1,000 - - - 2,500 10,000 - - 5,000 - - - - - - 6,000 - 958 - - - 2,435 5,000 2,000 - 2,000 - 5,058 83,942

County of Gloucestershire Community Foundation For the Year Ended 31 December 2024

County of Gloucestershire Community Foundation

Notes to the financial statements

For the year ended 31 December 2024

18. Grants payable to institutions and individuals (continued)

Other Callum Turner Chelsea Carter Forest Fighting Fit Gloucester Rugby Community Charity Gloucestershire VCS Alliance Heart Heroes Honour Thy Woman Group Imogen Harris Kia Turner Men in Sheds Cheltenham & Gloucester Milly Haywood Mr Josh Wardle Nell Grant-Evans Nelson Garden Trust Project William Collier 5 grants totalling Total grants payable to institutions and individuals	2024 £ 1,000 - - (2,500) - - - 1,200 500 - - 500 2,000 - - 2,700 396,380	2023 £ - 1,300 1,950 2,500 1,897 2,000 5,000 - - 2,000 2,000 - - 17,015 2,000 37,662 492,693

19. Capital commitments

At the balance sheet date there were no commitments for capital expenditure (2023 : nil).

20. Related party transactions

A number of trustees are connected to organisations that have benefitted from grants distributed by GCF during the year. These are detailed below:

J Tabor QC, Trustee of The Nelson Trust

T Clark, Chief Executive Officer, Young Gloucestershire

A number of trustees are connected to organisations that hold funds with GCF during the year. These are detailed below:

J Tabor QC, member of the Honourable Company of Gloucestershire E Lord, Police Officer, Gloucestershire Constabulary Henry Robinson, High Sheriff of Gloucestershire - to March 24 J Dunley, Director and Company Secretary of The Robert Hitchins Group Limited

A total of 4 trustees have supported the Foundation during the year by making donations to the Foundation totalling £27,836.

21. Connected charities

During the year the finance administrative functions of GCF were provided by Quartet Community Foundation. The services provided, and the agreed fee for these services, are detailed in a service level agreement signed by both organisations. A Patron of Quartet, Dame Janet Trotter DBE, is also the President of GCF but the two organisations do not have any trustees, or affiliated members, in common. Both organisations are members of UK Community Foundations.