INVERCLYDE COMMUNITY FUND & INVERCLYDE COMMUNITY FUND SCIO Annual Report and Financial Statements for the year ended 31 March 2022 INVERCLYDE Community Fund OSCR Reysl•Jed OSCR Registered scio SC051145 SC042844
ANNUAL REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 CONTENTS Trustees, Annual Repc*t................-..........................-...............................-.......... Independent Examinerfs Report............................-.................................-............ Stat8ment of Receipts & Panents..................................................................... 10 statement of Balances.. 11 Notes to the Financial Ststements......................................... 12-14
TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2022 The TNstees are pleased to Present their pOrt and financial statements together with th8 Independent Examinerfs rep)rt for the year ended 31 March 2022. REFERENCE AND ADIANISTRATIVE DEfAILS Charity Name In¥erdyde COn¥ty & In4rctyde ComLMNty FLnl SCIO Charlty Number SC042844 & SC051145 Prlnclpal Addre•• ltherdyde c F 75 - 81 Catlrwt Street PA15 1DE Webslte dres hftps'.Ilww.iMrclydewnnNn't .or Current Truste88 Chair VKtrCloir optJ - 1 April 2022 Cfropted - 1 April 2022 Bankers 4 BrIK1Y Place BinYur¥Jlpm B1 2JB Independent Examlner
TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2022 STRUCTURE GOVERNANCE AND MANAGEMENT Governlng Document Inverctyde Communrty Fund SCIO (ICF SCIO) was a chantable trust until Ihe 23 July 2021, we are registsred as Inverctyde Communrty Fund SCIO. which is our lryal name, although Y continue to trade as Inverclyde Communty Fund. Appolnlment of Truste The Charty Trustees are recruited by open adve$eMen[ following the completion of a skills audtl by Cuent trustees. This enables gaps to be filled along wtth recwrti'ng trustee8 th sifiC sktlls or experience. ICF SCIO has powers to co-opt Trustees with necessary qualifications or expertise." The Charty Trustees hold monthly meelings and the must be a minimum of five (S) Trusteesand a maximum ofthirteen (13). AttheAnnual General Meeting (AGM). anycharity Trustees have completed a tefm of three years, must Telire, but may be re-elected. Tho limit for being in office is nine {9) years. Charity Trustees must be aged over 16 years and are not elwJible to sonrfe as an employee of the charity receNe any renumeration for carrying out hisTr*er duties. Organlsallonal Structure The Charity Trustees are appointed to seprfe on the board and take declvjons on changes to the SCIO Consb'tution itself. They are also responsible for the activit3 of the SCIO, and the monrtoring and control of its financial position. OBJECTS & ACTMTIES Charltable Purposes Inverclyde Communrty Fund SCIO (ICF SCIO) was establlshed with the following Charitable Purposes: To make grants to volunlary organisations that are based wrthin the Inverctyde area and are estatdished not for profft distn'bution and have onty charitsble purposes. To make grants to individuals based in the Inverclyde area for the purposes of providing relief of those in need by reason of age. ill heah. disabilty. finanal hardship or any other disadvantage. Activities Inverclyde Community Fund SCIO hokls rnonies for the purpose of making grants; supports Inverctyde's third sector to raise funds foT Iheir own purposes" Fyomotes the third sector in Inverclyde, and partners with olher funders to dthbute furKts their beham.
TRUSTEES. ANNUAL REPORT FOR THE YEAR ENOED 31 MARCH 2022 ACHIEVEMENTS & PERFORMANCE Inverctyde Community Fund. during the financial year. has undertaken a ryde range of ctivities to support Inverctyde's third sector. The Coronavirus pandemic has continued to have a significant impact on local communiti'es. and we have focused funding to help several organisations with Covi&19 requirements and to navigat6 through their recovery. Grant4naklng During the financial year. we receNed 70 applications fN fvndg, and we awarded 57 grants lotslling £52.275'. Windfann ICF So grants awarded totalling £46.025 7 grants awarded totalling £6,250 Successful reciyents varied ent)miousty coverlng areas such as developing a pilot foolball therapy course in support of mental health, warm clothing for disadvantages young children, egtsblishing a communty orchard, and energy saving led lighting. We leCted 17 applications. Exarnp4es of reasons for rejection include no links to Invefctyde. no con8tifvtion, request from a business vthich was not 8 charty. All unsuccessful appllcants are signposted to other potgmtial funding sources or to Inverclyde CVS for help in setting up theii organisation the wrrect govemance. Impact Each grant recipient is invited to share feedback on the impact of the grant to their organisation arKI communtty. The trustees have used this to develop an annual impact report and to share case studies on the ICF webslte. This enables our funders to see the value of their contribution and gNes groups examples of the types of projects they can apply to have funded. ICF focuses on 'Making A Difference. by supporting hard to reach groups with small grants- usualty £500 - £10Tr). One of Ouf Irusteeg was presented wrth two top Salts"re awards: S81b're award for over 500 hours of communty Service Salts're Ambassador Award for exceptional ser¥ice to his communty. Both awards were granted as a direct re5utt of his commitment and volunteering work as a ICF Trustee. Governance This year the Trustees fem the organisation, as an e$ting charity, was now ready io move to the next stage of development, and we have successfully applTred to change our legal fom to a SCIO (Scottish CharilatrAe Incorporated Organisation).
TRUSTEES, ANNUAL REPORT FOR THE Y£qR ENDED 31 MARCH 2022 In preparation for the move to a SCIO, Iwo Strategic Review sessions Ere held in January & February. These were facilrtated by an outside consultant. The outcome has helFed frame how we move forward as a ICF SCIO and covered the foll0vng areas.. SCIO Constilution Highlights GoveTnan¢e Tasks and Responsltxlities ICF SCIO MIOn ICF SCIO Strategy Govemance ICF SCIO Strategy Incorne Generation Rlsk The trustees, approach to varies across activities: Grants from Inverdyde Community Funds own funds- Trustees are prepared to take some rfsk to support stsrt-up ideas or new initiatives frn across Inverclyde'5 third sector. Grants restricted by other fUndpartners- trustees compty wilh donors, restrictions. For example, Inverctyde Windfami have identified prtority themes vthich we use to focus 8ligibl'ty for funding requests. ICF has robust fund management and grant making processes in place. induding clear ellgibilty lterIa. to reduce financial and reputatvjnal risk to the fvnder and ICF. Fundiaising events, like Inverdyde STRIDE - Trustees tske 8 robust approach by assessing rlsk 8nd followiry local council events risk process. We took advice & support from groups such as communty police and St Andrews Arnbulan First Aid. We also followed all co?19 requirements and provided Face Masks & Hand sanitizer to paFticipants and volunteer8. Profilo ICF'S profile continues to grow vithin Inverclyde. Increased grant making has helped wSth this plus a strong group of Trustees who have connections in the public. private and third sectors. Inverctyde STRIDE helped bring the communty togethei across all these sectors and buift on posrtive collaboration among th88e groups. We have strong links to Ioc81 media Sources and ensure that group5 receiving gr8nts have gained coverage and hghtened their profi. Our on-going partnership wth Inverclyde Renewables has continued to signtficantly raise the profile of ICF and show Positive communty case studies.
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2 FINANCIAL REVIEW Overvlèw Income of £78,305 (2021.. £92.421) was received during the anCIal year, with the main source of income corning from grants. Expenditure totallig £59,05312021: £29,605) was made. with the main expendtture relating to expenses incurred carrying the charitable activtties. At the end of the financial period, the charity had a surplus of £19,252 which includes restricted income reiVed in March 2022 for distribution in In¥er¢lyde Windfarm Fund grants throughout 2022. Income Generatlon The Trustees continue to focus on generating income to enabl• us to give more grants. Focus areas have teen: Buikling our relationshlp with. and delrvering on, trle communty benefjt agreement Ihrough the WrKlfarm Fund. Providing the Impact Report enabS Inverclyde Renewables to easily see the value betsn provided by their fund to a wide variety of groups in Ihe Inverctyde Communty. Delivering Inverdyde STRIDE 2021 Ihis year as an actual event (instead of virtual) which raised both income for ICF and gave an opportunity for local groups to raise lunds for their own organisalions. We had 165 walkers with represent8tives from 8 private. 3 public & 12 3rd Sector oiganisakn.ons participating and over 30 volunteers. Inverclyde Chamber and local sInesS owners participated in the STRIDE and provided goods and sep4ices to help the success of Ihe day. We saw great collaboration between the 3 sectors resuNiw in over £7K being ralsed for local charibes and social enterprises as well a5 funding for ICF. The sun shone and posib've feedback on partirypaling included ment81 heallh beneffts. healthy exercise and awareness raised of local 3rd sector organisab'ons plus the opportunity to admire the stunning Inverclyde coasdine. Encouraging donatM)ns through Just Glving aTrJ InverLotto. Donated Facllltles & Servlces The Charty Trustees would like to thank CVS Invercjyde staff who have contributed hugely t¢wards the success and achievements made during this past year. Reserves Pollcy The chantys reserves at the end of the financial year were £16.084. The Trustees policy is to retain sufficient funds year on year to enable Inverctyde Communty Fund to meel its charitable wrpose.
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2022 FUTURE PLANS The Trn5tees remain Committ to lIdIng Invefclyde Communty Fund's resources to enable it to play a strategic part in improwng the Iries of people living in Inverdyd8'$ Communities by.. Strengthening our organi6ation by eslabllshing as a SCIO. Committing to promob'ng and conlTbbutng to the UN Sustainable Developrnent Goals (SDG'S). Using our successful partnership 1th Inverctyde Renewables as a cas8 study to use when reaching out to other local Business organisations to delNer their community benefrt agreernents. Focussing on growing and delivering income strearns such as through.. Both Individual & Corpjrate donors Regu18r giwng- InverLotto & the promotit)n of payroll giving Housing Associations Ch8rity partner for Inverctyde Meliofa Transferring Inverctyde STRIOE to Invercwde Leisure- now that we have established this as a successful evenl. we are Working to transOn it to a group who can b8$t manage and help it gTOW as a ¢ommunty healih & well -being activty as 11 as lundraising opportunity. APPROVAL This report was approved by the Trustees on 10 May 2022 and signed on their behalf by.. I ruslee
INDEPENDENT EXAMINER'S REpoi¥r FOR THE YEAR ENDED 31 IAARCH 20Z2 Independent Examlnetrs Report to the of Invorclyde Cornmunity Fund & I report on the accounts of the charty for Ihe year ended 31 March 2022. which are set out on pages 10t0 14. Respecllve responsibiliti08 of Tntee5 and Examiner The charty's Trustees are responsible for the preparation of the accounts in accordance with the tenns of the Charities and Twslee Investment (ScotlarKII Act 2005 Clhe 2005 Act") and the Charities Accounts (Scotland) Regulations {as amended) rthe 2006 Regulations"). The Trustees consider that the audil requiremenl of Regulats'on 110){1){d) of the 2006 Regulations does not appty. It is my responsibilty to examine the accounts under section (44)(1 }(c) of the 2005 AGI and to state whether patrttular matters have come to my attention. Basls ol Independent Examlnoes Statement My examination Is carried out in accordancè with Regulation 11 of the 2006 Regulations. An examination Includes a review ofthe accounting records kept by the charity and a comparison of the accounts presented with those records. It also include5 consKleration of any unusual items or disclosures Ni the accounts. and seeks explanab'ons from the Trustees conceming any suth matters. The procedures undertaken do not provide all the evidence thal would be required in an audit, and consequenuy I do not express an audit opinM)n on the view given by the accounts. Indopondent Examlnerfs Statemont In connection with my examination. no matter came to my attention:_ which gtves me re850nable cause to believe that in 8ny material respect, the requlrements to keep accounting record5 in accordance with section 44{11(a) of the 2005 Act and Regulation 4 of the 2006 Regulations. an to prepare accounts which accord the accounting records and compty with Regulation 9 of the 2006 RwJulation8 have nol been met. or 2. to which, in my opinion. attention shoukl be drawn kn ordef to enable a proper understanding of the accounts to be re8ched.
STATEMEKf OF RECEIPTS & PAYMEKrs FOR THE YEAR ENDED 31 MARCH 21r22 LhYe5tricted Restridwj Note Fw Fwds Total 2022 Tcrtal 2021 DorAtior 4,349 750 4349 68,131 68,881 4.159 4075 72,) 78,306 121 Grants 91,480 820 FundratslrvJ 916 6,015 92,421 Payment• FurMJraisry Costs charitate Actr4fjI3 GOTrW Costs lrnlep*NJert ExamIrBt)n TrLtstee Eyprnes Leg81 Fees 216 2,155 46,025 1371 55,235 216 9.210 28,733 250 81 1.075 10,832 200 41 122 1,075 69,053 29,605 48.221 Net movement In funds Transfers between SurplusllDelklt) for year {4,81n 24.069 19,262 62,816 (4.81n 24.069 19,252 62,816 The Notes on pages 12 to 14 fonn an integral part of these accounts. 10-
STATEME OF BALANCES AS AT 31 MARCH 2022 Lkrestrided RestrM* te Fw#ls F1$ Totsl Total 2022 2021 Funds Reconclllatlon Balartt as at 01 April 2021 surp1(Defici1) for year Bar as at 31 Mwd12022 21,251 68.131 89.382 26,586 {4,81n 24.069 19.252 62.816 16,434 92.200 104634 89,382 Bank & Cash Balance8 Cash al Barl( 16,434 16.434 92,200 108,634 92.200 101634 89,382 89,382 Llabllltle8 1ThJepeIent Examrpti 350 250 350 360 250 The Notes on pages 12 to 14 fonn an integral part of these accounts. These accounts Ire approved by the Trustees on 10 May 2022 and signed on their behalf by Tiuslee Trustee 11
NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 MARCH 2022 Basis of Preparntlon These accounts have been prepared (Yb the receipts & payrnts basis li accordan (Bl Tr Charities and Trustee Investment (Scotland) Act 2LK15 (bl The Charthes Accounts (Scotland) Regulations 2006 (as amended) There have been no changes to the basis of preparation or to the previous year's accounts. Fund Accountlng {#) Unrestricted fijnds are those that can be eXded at the disuetion of the Trustees in the furtherance of the objects of the chanty. {bl Restricted ftjnds are those that may onty be u8ed for specffic purposes. Restrictions arise when specthed by the donor, or when fund5 are raised for specific purposes. (cl The purposes ol thè funds are shown in Note 8. Taxatlon lal The charity is not liable to incomètsx or capitsl gains tsx on its charitabbe activities. Ibl The charity is not registered for VAT. thus al costs are shown Indusive of VAT ¢harged. Transactlon8 wlth Trustees and related partles 181 No remuneration was pakl to Trustees OT any persons connected wilh them during the year <2021.. £Nill. (bl Travelling expenses totslting £8 (2021.. £Nill wer8 reimbursed to 1 trustee (2021 No Iru$lees). 12-
NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 MARCH 2022 Grants Ihestricted Restrrted Total Total 2022 2021 Grart 750 760 IrfvErctyde Rerewables- Wrxlfam Irr¥Erdyde Rermvables - COVID Corra FoL*MlatDn 68,131 68.131 72,480 Oak Tree FkxtsirnJ Associatson 15,0(J) 91,480 750 68.131 68.881 Paymen1• relatlng to Charttable Actfvltles Ltrrestrlcted Restricted Total Total F5$ 2022 2021 Grarts adniiistered Admiristration Costs Ba Fees Verth Costs 6.250 2,828 72 46,025 51276 25.699 1828 2.962 72 9.210 46,025 236 28.733 13-
NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 MARCH 2022 Movements In Funds 31103r2021 Receyts Paynrts 3110312022 ihrestritxed FLnls Gerwal Furnl 21.251 6,015 {10.832) 16.434 Restricted Fwxls Irwctyde STrIDE IrNerclyd8 Rerw8bl88- WvNJlarm 88,131 68,131 4,159 (3.196) 68,131 (45,025) 72.290 (48.221) 91,237 92.200 Total FUNIS 89,382 78,305 (59.053) 108,634 Purpose of Funds Inverclyde STRIDE is funding raised by walkers to support ICF. Inverclyde Renewables LLP have entered into a 1(kyear Communty Benefit Agreement with ICF to establish "Inverdyde Wndfann Fund. vknich V[1 make small grants to support Inverdyde indmduats and ts wider third sector. Merged Accounts The charty became a SCIO on the 23Td July 2021. The accounts have therefore been prepared for both Inverdyde Communty Fund which was previous Trust tharity and Inverclyde Community Fund, SCIO. Assets were transferred for the amount of £89,382, however this has been treated as a conlinuing entity due to the merged accounts beiThJ prepared. 14-