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REGISTERED COMPANY NUMBER: 07100811 (England and Wales) REGISTERED CHARITY NUMBER: 1135258 ONE COMMUNITY FOUNDATION LIMITED REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2015 ONE COMMUNITY FOUNDATION LIMITED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2015 Page Chairman's Report 1 Report of the Trustees 2 to 6 Independent Examiner's Report 7 Statement of Financial Activities 8 to 9 Balance Sheet 10 to 11 Notes to the Financial Statements 12 to 22 ONE COMMUNITY FOUNDATION LIMITED CHAIRMAN'S REPORT FOR THE YEAR ENDED 31 MARCH 2015 I am delighted to be able to present the annual report and accounts of One Community. In May we celebrated our 5th birthday - so we are still a very new addition to the national Community Foundation family. But like all five year olds, we are growing fast. Since our last annual report the endowment funds that we manage have more than doubled from around £650,000 to over £1.3m. Yet we need to keep this forward momentum, because the community groups that we can support now have fewer available sources of funding than in the past. If we look across the country at other longer-established foundations we can see that the norm for a foundation with our population base would be around £4m, so we still have some growing to do! And, of course, we are setting our sights on doing better than the average. None of this would be possible without our donors. All of our endowment funds start with private donation, gifts which have then often enabled us to claim matched funding from the Government; without the generosity of those private donors, we would have nothing with which to support community activity. In return we offer donors the knowledge that their funds are being professionally and responsibly invested, and that the income is being put to excellent use as it flows out to community groups. I want to make special mention this year of the efforts of Kirklees Council. We have been working with them and the Charity Commissioners to find a way in which a number of dormant charitable trusts could be brought back into use for wider community benefit, and this year we saw the outcome of that work, with the transfer of 14 dormant trust funds to our stewardship under the new Kirklees Community Fund. This is already providing grants to a wide range of groups across the whole of our area, so the public benefit of bringing those trust monies back into circulation is already being felt. This year has also been significant for us in that we have achieved accreditation under the UKCF "QA3" quality assurance for Community Foundations. As a new, and still very small, foundation, this is an important recognition that we are providing a service every bit as good as much longer established charities, and that our financial model and business planning is sustainable. I want to congratulate our staff and trustees who worked very hard to ensure that we gained this accreditation. I have made reference to Government match funding. During our 5 years of fundraising there have been two Government schemes to encourage endowment giving. The Grassroots scheme matched pound for pound, and was followed after the 2010 election by the Community First scheme which matched 50p for each pound of private endowment donation. That scheme ended earlier this year. Both were successful in encouraging donors to participate, and we would very much like to see a continuation of this sort of incentive. At the time of writing there is no indication that a new scheme is being planned, but we hope that Government will be persuaded that this was a good investment in the future health of communities, especially vulnerable at a time of large cuts in other public funding, and should be resumed. I must also thank our professional partners for their ongoing support. We are able to operate with very low costs only because of their willingness to donate their time and effort. And it's not just a question of cost, because it is the participation of highly regarded professionals in our stewardship and investment of funds that enables us to offer a highly professional service to donors. But however professional we may be in finding and distributing funds, the whole point of our existence is to support community and volunteer activity. We are there for the army of people who put time and effort freely into helping others in our communities. In the year covered by this report we made 56 grants to local groups from our own funds, and this number continues to grow apace. Every one of these groups does so much good with even a small grant, and could do so much more if we could provide more, that none of us who see this work can be in any doubt about the astonishing value that they can create with our donors' money. It is those volunteers and groups that are the real heroes of our story, and we are very proud to be able to help them even a little. And finally, I want to thank our trustees, staff and volunteers who make all of this possible. We are on a journey together to ensure that One Community becomes a lasting source of strength for the community life of our area, a journey that has really only just begun. John Harman August 2015 1 ONE COMMUNITY FOUNDATION LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2015 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2015. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005. The trustees have complied with the duty in section 17 of the 2011 Charities Act to have due regard to guidance published by the Charity Commission, which includes public benefit guidance. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 07100811 (England and Wales) Registered Charity number 1135258 Registered office c/o Chadwick Lawrence 13 Railway Street Huddersfield HD1 1JS Trustees Sir J A Harman I H Brierley H Wigmore J Turner E Archer-Firth J R Charlesworth A Aslam Independent examiner Kevin Winterburn, ACA Sheards Chartered Accountants Vernon House 40 New North Road Huddersfield HD1 5LS Solicitors Chadwick Lawrence LLP 13 Railway Street Huddersfield HD1 1JS Advisers CCLA Investment Management Senator House 85 Queen Victoria Street London EC4V 4ET Brooks Macdonald Asset Management 111 Park Street Mayfair London W1K 7JL 2 ONE COMMUNITY FOUNDATION LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2015 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, and constitutes a company limited by guarantee, as defined by the Companies Act 2006. The governing instrument under which the company operates is its Memorandum and Articles of Association dated 9 December 2009 as modified by written resolution dated 24 February 2010. The trustees are treated as directors for Companies Act purposes. The liability of the members is limited to £10 each. Accumulated funds are not distributed to the members. Recruitment and appointment of new trustees Any person who is willing to act as a trustee, and is permitted by law to do so, may be appointed to be a trustee, by ordinary resolution or by a decision of the trustees. Trustees appointed by a decision of the trustees shall be required to retire from office at the subsequent annual general meeting unless they are reappointed by an ordinary resolution of members, who are recruited to provide representation of the whole Kirklees community. Organisational structure Our Major Gifts Manager, Paul Johnson, is assisted by Sue Hornby. Members Membership is open to individuals and organisations that apply directly to One Community and are subsequently approved by the Trustees. Membership is intended to be representative of identified community interests in Kirklees.We are most grateful to all company members for their continued support, both financial and in terms of the time they have given up. Investment sub-committee As the core activity of the charity is to manage endowment funds to create revenue for the benefit of community and voluntary groups in Kirklees the trustees have adopted an investment strategy which will be reviewed on an annual basis. The Board has appointed a specialist investment sub-committee to oversee the application of the strategy. The members of the Investment Committee as at 31 March 2015 are: Ian Brierley, Chairman Sir John Harman Roger Armitage Stephen Baxter Julie Stewart-Turner John Wilson Risk management The trustees have established a register to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The register is reviewed annually. 3 ONE COMMUNITY FOUNDATION LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2015 OBJECTIVES AND ACTIVITIES Objectives and aims One Community is a non-profit organisation that provides independent funding for voluntary community action throughout Kirklees. It is a Community Foundation and a member of the national grouping of such foundations, United Kingdom Community Foundations (UKCF www.ukcommunityfoundations.org). It was incorporated in 2009, was registered as a charity in March 2010, and formally launched on 18 May 2010. The aim of the organisation is to inspire organisations and individuals to invest in the local community in order to establish a number of endowment funds.

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