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 & Pa￿nents.....................................................................
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 & In4*rctyde 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
opt*J - 1 April 2022
Cfropted - 1 April 2022
Bankers
4 BrIK1￿Y 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 Cu￿ent trustees. This enables gaps to be filled along wtth recwrti'ng trustee8 ￿th
s￿ifiC 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 activit￿3 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 hea￿h. disabilty. finan￿al 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 fvnd￿g, 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 foll0v￿ng
areas..
SCIO Constilution Highlights
GoveTnan¢e Tasks and Responsltxlities
ICF SCIO MI￿On
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 fr￿n across Inverclyde'5 third
sector.
Grants restricted by other fUnd￿partners- 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 h￿ghtened 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 totalli￿g £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 re￿iVed 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 enab￿S 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 trans￿On 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 Tn￿tee5 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
charitat￿e Actr4fjI￿3
GO￿TrW￿ 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
F￿￿1$
Totsl
Total
2022
2021
Funds Reconclllatlon
Balartt as at 01 April 2021
surp1￿(Defici1) for year
Ba￿r￿ 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
1ThJepe￿Ient Examrpti
350
250
350
360
250
The Notes on pages 12 to 14 fonn an integral part of these accounts.
These accounts I￿re 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 & payrn￿ts 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 eX￿ded 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
F￿5$
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 Payn*rts 3110312022
ihrestritxed FLnls
Gerwal Furnl
21.251
6,015 {10.832)
16.434
Restricted Fwxls
Irwctyde STrIDE
IrNerclyd8 Rerw*8bl88- 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-