annual review 2017 - cdcf · 2019. 4. 12. · net gains/(losses) on investments 1,789,255 1,789,255...

The Next Chapter

Annual Review 2017

Trustees James Fenwick ChairPaul Chandler Vice ChairDuncan Barrie TreasurerMichele ArmstrongPeter Cook DLAnnie Dolphin OBELesley FaircloughColin FyfeStephen HallRay Hudson

Staff TeamChief ExecutiveBarbara Gubbins CBE(Stepping down 31st December 2017)

Finance & OperationsChief Operating OfficerMargaret VaughanFinancial ControllerKevin Carter

Officer ManagerJoanne TurnbullFinance & IT OfficerPeter Redman

Donor Services/GrantsSenior Donor Services & Programmes ManagerSharon GollanDonor Services ManagersJames EagleshamNaomi StevensSally VivyanGrants AdministratorsJacqueline Cowan Kerry Wozencroft

DevelopmentBusiness Support ManagerEmily ParkinDevelopment AdministratorSarah McIntyre

PresidentSir Paul Nicholson KCVO, Kt

PatronsHarry Banks OBE, DLMark I’Anson MBEAlasdair MacConachie OBE, DLLady Sarah Nicholson DL

Listing as at 1st November 2017

VolunteersCounty Durham Community Foundation currently has almost 100 volunteers including board members, those who sit on panels, work in the office and help out at events. We thank them all for their valuable contribution.

‘The Next Chapter’ is in memory of: Brian Manning and Mike Airey

We have a team of dedicated staff who work closely with the board of trustees in order to deliver a quality service to donors and grant recipients alike. This year has seen more changes as we continue to grow, employing new staff to help us fulfil our vision to make a genuine difference in the community.

Our People

A lot has been achieved by the team and I am extremely honoured and proud to be asked to become chair of an organisation which makes such a difference.

Having been a supporter of the Community Foundation for the best part of 15 years, I am convinced of the organisation’s enormous value to the county as an independent grant-making charity. Therefore I am delighted to be succeeding Mark I’Anson, who has chaired the charity since 2008, overseeing huge growth in its operations and out-performing other charitable foundations in bigger and wealthier parts of the country. That’s because it has been brilliantly run and my job really is to maintain those standards.

My appointment comes at a time when more good causes are benefiting from the Community Foundation than ever before.

A lot has been achieved by the team and I am extremely honoured and proud to be asked to become chair of an organisation which makes such a difference.

My home county of Durham is magnificent in so many ways but we have to lift people’s aspirations, widen their horizons, and help them see what’s possible. CDCF must go on raising money and matching donors to the causes that matter to them, but it is about more than making an immediate impact. It is also about supporting individuals, groups and projects that can make a long-term difference and help the people of County Durham and Darlington realise their potential.

I plan to concentrate on the Community Foundation’s strategy and vision, while Paul Chandler, CDCF’s vice chair will focus on operational matters. Paul has invaluable experience and it will be very much a partnership between us, supported by the rest of the trustees.

So I relish the challenge that lies ahead and look forward to being part of the next chapter in CDCF’s story.

James FenwickChair

James Fenwick, Barbara Gubbins and Mark I’AnsonJames Fenwick, ChairFirst Word

1

www.banksgroup.co.uk 0191 378 6100 [email protected] @The_Banks_Group www.youtube.com/TheBanksGroup

The Banks Group is an established North East, family owned business producing:

• Low cost energy from our surface mines

• New homes from our land development portfolio

• Green energy from our wind farms

• Support for local communities and good causes from our community funds

40YEARS

1976 - 2016

Proud to support the County Durham Community Foundation

Ellington Colliery Brass Band

Brandon Boxing Club

Newfield & Pelton Lane Ends Residents Association

Darlington Anglers Club

2

250 people into employment

464 individuals supported

Amount awarded 100 gifted and talented individuals supported

89 projects supported through wind farms

27 new funds

25 respite holidays

Impact of our grant-making 2016-17 financial year

25

£3,498,994

582 groups supported

582 Groups

3

Finance and Investment19

96 97 98 9920

00 01 02 03 0420

05 06 07 08 0920

10 11 12 13 14 16 17

2015

0

20

15

10

5

£M’s

Inflation adjusted value

Donation value

Current fund value

Current fund value plus spend

Statement of Financial Activities 2016-17Unrestricted

Funds £Restricted

Funds £Endowment

Funds £2017 Total

Funds £2016 Total

Funds £

INCOME AND ENDOWMENT FROM:

Donations and Legacies 93,011 - - 93,011 116,450

Investments 31,154 469,825 - 500,979 344,552

Charitable Activities - 2,838,119 347,568 3,185,688 4,476,581

Total Incoming Resources 124,165 3,307,944 347,568 3,779,677 4,937,583

EXPENDITURE ON:

Raising Funds 123,141 - - 123,141 104,493

Charitable Activities 373,837 3,469,183 - 3,843,020 1,752,325

Total Resources Expended 496,978 3,469,183 - 3,966,161 1,856,818

Net gains/(losses) on investments 1,789,255 1,789,255 -478,628

NET INCOMING RESOURCES BEFORE TRANSFERS -372,813 -161,239 2,136,823 1,602,771 2,602,137

Transfers between Funds (Balance) 382,945 377,933 -760,878 0

Net Movement in Funds 10,131 216,694 1,375,945 1,602,771 2,602,137

RECONCILIATION OF FUNDS

Total funds brought forward 234,312 4,674,772 11,852,477 16,761,561 14,159,424

TOTAL FUNDS CARRIED FORWARD 244,443 4,891,466 13,228,422 18,364,332 16,761,561

A full set of accounts are available from our website www.cdcf.org.uk or by contacting Kevin Carter on 0191 378 6340

Fund Categories

EndowmentTotal 141 Funds

RevenueTotal 74 Funds

70

60

50

40

30

20

10

Com

pani

es

Indi

vidu

als

& Fa

mili

es

Publ

ic

Sect

or

Inge

niou

s Da

rling

ton

Char

ities

/T

rust

s

Affin

ity

CDCF

UKCF

48

61

10

33 35

16

7 5

Only 12.5%of total expenditure

towards our running costs

Num

ber o

f Fun

dsExpenditure

Grant-making88%

Governance costs2%

Fundraising costs3%

Grant-making support costs7%

5

During a record breaking year, County Durham Community Foundation awarded the highest amount of grants to over 1,000 groups and individuals totalling almost £3.5 million.

These images highlight the diverse range of projects we support across County Durham & Darlington and how we enable individuals to fulfil their potential through our donor funds.

Seaham Sea Cadets supported by E.ON Haswell Moor Wind Farm Community Benefits Fund

Athlete Tia Anderson supported by Durham Institute of Sport Fund

Fishburn Youth & Community Centre supported by County Durham & Darlington NHS Health Improvement Fund

Beyond Limits supported by Volunteer Support FundApprentice Keziah Benson supported by DurhamWorks Learning Working Earning

Friends of South Park supported by Lendrum Family, Ingenious Darlington Latimer Hinks, and Darlington Building Society Community First Funds

Brandon Boxing Club supported by Banks Community Fund

Consett

Stanley

Chester-le-Street

DurhamLangley Park

Spennymoor

Bishop AuklandNewtonAycliffe

Barnard Castle

Middleton-in-Teesdale

Sedgefield

FerryhillCrook

Stanhope

Peterlee

Seaham

Grant-making

6

Partially sighted cricketer Jake Ternent supported by Guy Readman / TOR Coatings Young People’s Fund

2

Talented musician Matthew Stringer supported by David & Barbara Watson, Alex Worrall and Ebac Funds

Durham City Junior Football Club supported by CDCF Community Action and Community Health Funds

Darlington Association on Disability supported by County Durham & Darlington NHS Health Improvement Fund

Wheatley Hill Community Association supported by E.ON Butterwick Moor Wind Farm Community Benefits Fund

Apprentice Callum Parkinson supported by DurhamWorks Learning Working Earning

Newfield & Pelton Lane Ends Residents Association supported by Banks Community Fund

Consett

Stanley

Chester-le-Street

DurhamLangley Park

Spennymoor

Bishop AuklandNewtonAycliffe

Barnard Castle

Middleton-in-Teesdale

Sedgefield

FerryhillCrook

Stanhope

Peterlee

Seaham

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I'Anson Family Endowment FundI'Anson Family Grassroots Endowment FundJ & J Ruffer Prince’s Trust FundJohn & Dig Clarke Endowment FundJohn & Mavis Maddison Grassroots Endowment FundJohn Cuthbert Family Endowment FundKenneth Molloy (Burnhope) Endowment FundKevan Jones MP Endowment FundKevan Jones MP Grassroots Endowment FundLendrum Family Grassroots Endowment Fund (County Durham)Martell Family Endowment FundMick Danby Music Endowment FundNicholson Family Community First Endowment FundPaddy & Richard Lowden Endowment FundPaddy & Richard Lowden Grassroots Endowment FundPeter & Jayne Cook Endowment FundRackley-Battour Family Endowment FundSeward Family Endowment FundSir Paul & Lady Nicholson Discretionary Revenue FundSir Paul & Lady Nicholson Endowment FundStanley Family Enterprise Endowment FundStraker Family Grassroots Endowment FundTonks Family Endowment FundWright Funk Endowment FundVane Family Endowment FundVane Family Grassroots Endowment Fund (County Durham)

CompaniesArriva PLC Endowment FundAurora Foundation Endowment FundBanks Armistead Wind Farm Community Benefits Revenue FundBanks Brenkley Lane Surface Coal Mine Community Revenue FundBanks Community Revenue FundBanks Foundation Revenue FundBanks Hazlehead Wind Farm Community Revenue FundBanks Heysham South Wind Farm Community Benefits Revenue FundBanks Hook Moor Wind Farm Community Benefit Revenue FundBanks Lambs Hill Wind Farm Community Benefits Revenue FundBanks Marr Wind Farm Community Revenue FundBanks Moor House Community Benefits Revenue FundBanks Oakenshaw Reserve Endowment FundBanks Pegswood Moor Community First Community Benefits Endowment FundBanks Penny Hill Wind Farm Community Benefits Revenue FundBanks Rusha Surface Coal Mine Revenue FundBAT Skills Development Bursary Endowment FundCestria Community Housing Community Benefits Revenue FundCestria Community Housing Grassroots Endowment FundConroys Endowment FundCrafter's Companion Community Revenue FundDurham County Waste Management Endowment FundE.ON Butterwick Moor Wind Farm Community Benefits Revenue FundE.ON Great Eppleton Wind Farm Community Benefits Revenue FundE.ON Haswell Moor Wind Farm Community Benefits Revenue FundEBAC Endowment Fund

EDF Energy Renewables - Boundary Lane Wind Farm Community Benefits Revenue Fund

EDF Energy Renewables - Broom Hill Wind Farm Community Benefits Revenue Fund

EDF Energy Renewables - Green Rigg Wind Farm Community Benefits Revenue Fund

EDF Energy Renewables - High Hedley Hope II Wind Farm Community Benefits Revenue Fund

EDF Energy Renewables - Langley Wind Farm Community Benefits Revenue Fund

EDF Energy Renewables – Trimdon Grange Wind Farm Community Benefits Revenue Fund

EDF Energy Renewables - Walkway Wind Farm Endowment FundElddis Transport Revenue FundEnter CIC Revenue FundESB International West Durham Windfarm Community Benefits Revenue FundFour Seasons Health Care Endowment FundFujitsu / Kingsley Smith Endowment FundHelical Endowment FundMerit Holdings Revenue FundNewcastle Breweries / John Smiths Endowment FundNorthern Powergrid Endowment FundNorthern Rock Endowment FundNorthumbrian Water Community Endowment FundNTR Quixwood Moor Wind Farm Community Revenue FundPricewaterhouseCoopers Grassroots Endowment Fund (County Durham)REG Power Management High Haswell Community Benefits Revenue FundREG Power Management South Sharpley Community Benefits Revenue FundRoman Community Endowment FundSwallow Endowment FundTallent Automotive Ltd Endowment FundTIN Arts Revenue FundVaux Community First Endowment Fund (County Durham)Waterstons Limited Revenue FundWhitbread Endowment FundWilliam Baird Plc Endowment Fund

This is a list of the current funds available to support the communities of County Durham and Darlington as at 1st November 2017.

Individuals and FamilesAlex Worrall Donor Advised Endowment FundAlex Worrall Endowment FundAnita & Neville Fairclough Grassroots Endowment FundAnnie Lily Community First Endowment FundAnonymous Endowment FundBanks Family Community First Endowment FundBanks Family Endowment FundBanks Family Grassroots Endowment Fund (County Durham)Bob Young Grassroots Endowment FundDavid & Barbara Watson Endowment FundDavid & Barbara Watson Grassroots Endowment FundDavid Brown Endowment FundDavid Grant Memorial Endowment FundDr James Anderson Revenue FundFerguson Family Community First Endowment FundFrancis James Bell Endowment FundGuy Readman / TOR Coatings Young People's Revenue FundH&F Endowment FundIan McIntyre Endowment FundIan Pennock University Prize Revenue Fund

Gerard Salvin, 2016/17 High Sheriff of Durham with Bishop Auckland Table Tennis Club

Trustees Stephen Hall and Duncan Barrie

New Funds

Fund List

8

Charities and TrustsAndrew Atkinson Trust Endowment FundBowburn & Parkhill Community Partnership Endowment FundCaedmon/Ceolfrid Endowment FundCounty Durham Educational Trust Endowment FundDAYCO Revenue FundDurham Cathedral's Chorister Bursary Endowment FundDurham Cathedral's Music Outreach Endowment FundDurham Community Business College Endowment FundDurham County Cricket Club Youth Trust Revenue FundDurham Johnston Educational Endowment FundDurham Shopping Extravaganza Grassroots Endowment Fund (County Durham)Durham University Charities Kommittee (DUCK) Revenue FundEast Howle Trust Endowment FundEsh Charitable Trust Don Ross Memorial Endowment FundEsh Charitable Trust Grassroots Endowment FundEsh Charitable Trust Community First Endowment FundGrainger Educational Trust Endowment FundHenry Smith’s Charity Grassroots Endowment FundHylton House Trust Endowment FundJohn T Shuttleworth Ropner Memorial Trust Endowment FundJoseph Brough Charitable Trust Revenue FundKing Edward VII Memorial Trust Endowment FundPhillis Spearman Trust Grassroots Endowment FundProject Genesis Trust Revenue FundScope Endowment FundSherburn House Charity Community Grants Revenue FundSherburn House Charity Relief in Need Revenue FundSir James Knott Trust Endowment FundSouth Church Community Association Community First Endowment FundStanhope Castle School Charitable Trust Endowment FundUTASS Endowment FundVardy Endowment FundVeterans at Ease Endowment FundWilliam Leech Grassroots Endowment Fund (County Durham)Willington and Parkside Community First Endowment Fund

Ingenious Darlington Funds (those that only benefit Darlington)

Banks Family Grassroots Endowment Fund (Darlington)BAT Endowment FundBHP Law Grassroots Endowment FundBussey & Armstrong Revenue FundCooper Family Grassroots Endowment FundDarlington Building Society Community First Endowment FundDarlington Building Society Endowment FundDarlington Building Society Grassroots Endowment FundDarlington Cares Revenue FundDarlington Civic Theatre Revenue FundDarlington Community Endowment FundDarlington Community Endowment - Stainsby Murray FundDarlington Community Endowment - EM Corner Bequest FundDarlington Cross Sector Partnership Revenue FundDarlington Education Trust Community First Endowment FundDarlington Education Trust Endowment FundDarlington Enterprise Association Endowment FundDarlington Enterprise Association Grassroots Endowment FundDurham Shopping Extravaganza Grassroots Endowment Fund (Darlington)Dover Family Endowment FundEuropean Union Darlington YEI Revenue ProgrammeHummersknott Education Endowment FundIngenious Darlington Revenue FundJackie Maddison Trust Community First Endowment FundLatimer Hinks Revenue FundLendrum Family Grassroots Endowment Fund (Darlington)Marchday Endowment FundMiller Wood Bonsall Endowment FundPete & Jackie Maddison Community First Endowment FundPricewaterhouseCoopers Grassroots Endowment Fund (Darlington)Sherwoods Endowment FundThomas Metcalfe Barron Community First Endowment FundVaux Community First Endowment Fund (Darlington)Westpark Community Revenue FundWestpark Levy Revenue FundWilliam Leech Grassroots Endowment Fund (Darlington)

Affinity (Fund-raising funds)

Aspiring Teesdale Community First Endowment FundChildren & Young People Endowment FundCounty Durham Grassroots Endowment FundDerwentside Endowment FundHigh Sheriff's Endowment FundInclusive Teesdale Community First Endowment FundKeep Abbie Smiling Revenue FundMission 1101 Community First Endowment FundNorthern Heartlands Community Initiatives Revenue FundNRF Heritage Through the Arts Endowment FundNRF Heritage Through the Arts Revenue FundRural Endowment FundSouth West Durham Business Grassroots Endowment FundSports Endowment FundSurviving Winter Revenue Appeal Surviving Winter Community First Endowment Fund

CDCFCDCF Administration Endowment FundCommunity Action Revenue FundCommunity Health Revenue FundCommunity Health (Individuals) Revenue FundEast Durham Learning Working Earning Revenue FundEnriching Later Life Revenue ProgrammeLearning Working Earning Revenue ProgrammeSkills & Opportunities – Just Outside Revenue FundVolunteer Support Revenue Fund

UKCFBuilding a Stronger Britain Together Revenue Programme Comic Relief 2017 Core Strength Local Communities Revenue FundNationwide Building Society Community Grants Revenue ProgrammeNew Beginnings Revenue Programme Round 2 Youth Social Action County Durham & Darlington Revenue ProgrammeYouth Social Action Tees Valley Revenue Programme

Public BodiesCounty Durham & Darlington Community Safety Revenue FundCounty Durham & Darlington NHS Health Improvement Endowment FundCulture & Sport Revenue FundCulture & Sport Talented Individuals Revenue FundDurham AAP Small Grants Revenue FundDurham County Council Healthy Communities Revenue FundDurham Constabulary Staff Community Revenue FundDurham University Staff Community Revenue FundEuropean Union DurhamWorks Revenue ProgrammeLand of Oak & Iron Revenue Fund

Gerard Salvin, 2016/17 High Sheriff of Durham with Bishop Auckland Table Tennis Club

Lambton Castle, CDCF Summer Drinks venue Shaun Doyle and Mally Mallinson, Dover Prize winners with CDCF’s Sharon Gollan9

Key Grant Statistics

£

Mid Durham AAP £7.30

East Durham Rural AAP £6.54

Weardale AAP £5.58

East Durham AAP £5.54

Durham AAP £5.35

Three Towns AAP £5.18

Bishop Aukland and Shildon AAP £4.71

Chester-le-Street AAP £4.41

Four Together AAP £3.85

Derwent Valley AAP £3.31

Teesdale AAP £2.93

Stanley AAP £2.79

Spennymoor AAP £2.05

Great Aycliffe and Middridge AAP £0.96

Darlington £3.55

North East of England £0.25

Full year 2015-2016

Full year 2016-2017

% change year on year

NUMBER APPLICATIONS RECEIVED (Processed) 1,059 1,550 46%

Community Groups 790 874 11%

Individuals 269 676 151%

VALUE AMOUNT APPLIED FOR £4,989,369 £7,144,480 43%

Community Groups £4,650,808 £4,966,389 7%

Individuals £338,561 £2,178,091 543%

NUMBER OF GRANTS AWARDED 649 1,046 61%



VALUE OF GRANTS AWARDED (Excluding Withdrawals During Year) £1,702,492 £3,498,994 106%


Individuals £170,555 £1,007,041 490%

VALUE OF AMOUNT AWARDED TO AMOUNT REQUESTED BY APPLICANT 34% 49% 44%

AVERAGE VALUE OF GRANT AWARDED £2,623 £3,345 28%

Community Groups £3,360 £4,282 27%

Individuals £884 £2,170 146%

Applications received 2016/17Amount awarded/capitaApplication status

Pend

ing

Deci

sion

65 Ap

prov

ed 1

,046

Greener24%

Grants by Theme

Aspiring37%

Healthier22%

Safer10%

Inclusive7%

Young people 13-1927%

Grants by Age Group

Children 0-1211%

Young people 19-2517%

Adults 26-6518%

Elderly 65+5%

All ages22%Least deprived

35%

Most deprived 20%37%

Most deprived 20-30%10%



Grants by Deprivation

10

Reje

cted

/With

draw

n 43

9

Grants and Vital Signs

The majority of our funds are donor-advised, where we work with the fund holder to determine potential recipients. For general community activity, we have a general application form and criteria, and mix and match contributions behind the scenes to fulfil fund holder and recipient requirements. Our applicants are seeing the benefit of the more streamlined and robust grant processes with shorter turnaround times for decision-making. This is resulting in increased levels of positive feedback about the experience of applying for grant funding from County Durham Community Foundation.

Sherburn House CharityThe main focus of Sherburn House Charity is to provide relief in need to people living between the River Tweed and River Tees. The Charity has historic roots and a significant grant-making presence in the region to support both community groups and individuals in need. From January 2017, County Durham Community Foundation took over the operational delivery of the Sherburn House Charity grant-making programme.

In 2016-17 £65,620 was awarded in 123 grants; 108 of these were modest sums of money to support individuals who were experiencing particular hardship.

Vital Signs During Summer 2017, County Durham Community Foundation will be undertaking Vital Signs - a global community foundation initiative developed in Canada in 2001 by the Toronto Foundation. It uses foundations’ ‘community knowledge’ to measure the vitality of their areas of benefit, to identify issues and trends and encourage people and organisations to act on local priorities and opportunities. This resource will help us to address need more closely, refocus grant-making to be the most effective and provide donors with further information.

County Durham Community Foundation held 215 funds during the last financial year, including 141 endowment funds. The remainder are annual or flow-through funds where the money is given out during the course of the year or a few years. Each fund has its own bespoke criteria. All grants aim to combat poverty and disadvantage.

DurhamWorks Learning Working Earning (LWE)The Community Foundation is one of over 15 delivery organisations working in partnership with DurhamWorks as a solution to youth unemployment in County Durham using our LWE model.

It creates a matrix of provision to support 5,830 young people from a broad range of delivery partners who work simultaneously with employers, identifying and creating employment opportunities, and young people (particularly those who are vulnerable or disadvantaged) to ensure they benefit from those opportunities.

By March 2017, over 220 individuals had been supported with more than £790,000 of grants allocated. The programme runs till June 2018 and is supported by the European Social Fund and Department for Work and Pensions.

Sherburn House CEO Pauline Bishop with one of their residents

Suicide deaths in County Durham are 55% higher than the national average. CDCF grant recipient, If U Care Share, campaigns to address this alarming statistic highlighted in Vital Signs

Full year 2015-2016

Full year 2016-2017

% change year on year

NUMBER APPLICATIONS RECEIVED (Processed) 1,059 1,550 46%



VALUE AMOUNT APPLIED FOR £4,989,369 £7,144,480 43%


Individuals £338,561 £2,178,091 543%

NUMBER OF GRANTS AWARDED 649 1,046 61%



VALUE OF GRANTS AWARDED (Excluding Withdrawals During Year) £1,702,492 £3,498,994 106%


Individuals £170,555 £1,007,041 490%

VALUE OF AMOUNT AWARDED TO AMOUNT REQUESTED BY APPLICANT 34% 49% 44%

AVERAGE VALUE OF GRANT AWARDED £2,623 £3,345 28%

Community Groups £3,360 £4,282 27%

Individuals £884 £2,170 146%

Applications received 2016/17

Greener24%

Aspiring37%

Healthier22%

Safer10%

Inclusive7%

11

Head office: Sentinel House, Morton Road, Darlington, Co Durham DL1 4PTPhone: 01325 366366 | Fax: 01325 741000 | DX 712851 Darlington 6

Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered Number 205895. We are a member of the Building Societies’ Association.

01325 366366 | darlington.co.uk

*Net profit after tax

WE’RESHARING

...of our profits**

for the future of our communities

%

12

As I write my last message as retiring Chair, it is very reassuring to note that our latest financial report highlights another very positive year with record grant-making of almost £3.5 million. The total now stands at over £35 million which is extraordinary for a relatively small, rural county and emphasises the generosity of local people.

I am delighted that the board has identified James Fenwick as my successor to become the next Chair and that Paul Chandler will become Vice Chair. Their skills and expertise will create a very strong leadership team to take the organisation forward through the coming years.

Finally, I would like to take this opportunity to thank our President, Sir Paul Nicholson, my fellow trustees and the staff team for their support and friendship over my term of office. Our CEO Barbara Gubbins, who I have worked alongside for nine years is also leaving CDCF this year. Barbara has done an outstanding job of leading us through some difficult times and I am proud of what we have achieved together. I wish James and the rest of the team, including the trustees every good wish for the future.

I am confident that as I leave the organisation, it is in a strong position to carry on making changes, growing the endowment and providing solid and innovative support to the local community.

Mark I’AnsonRetiring Chair

It seems incredible that nine years have past since I joined County Durham Community Foundation but it has been an exciting and very rewarding journey with some great moments to cherish.

Not only have I had the privilege to meet some inspiring individuals from the voluntary sector delivering change and improving lives, but also had the opportunity to work with a very generous group of donors who want to support them.

One of the highlights of my time as CEO was the special dedication service at Durham Cathedral on the anniversary of our 20th year. A spontaneous standing ovation was given to the magnificent procession of community groups who led the parade and highlighted the diverse range of grants that the organisation had made.

Whatever has been achieved has been a joint effort. It has been a joy to work in County Durham and Darlington and I am sure the next Chief Executive and Chair will create even more opportunities through inspired local giving. I wish them every success.

Barbara Gubbins Chief Executive 2008-2017

Final Word

13

County Durham Community FoundationRegistered Office:Victoria House, 2 Whitfield Court, St John’s Road Meadowfield Industrial Estate, Durham DH7 8XLTel: 0191 378 6340

www.cdcf.org.uk

County Durham Community Foundation

@CountyDurhamCF

Youtube/CountyDurhamCF

Registered in England Charity No: 1047625Limited Company No: 3072153EB No: 581043

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Image courtesy of Sean Goldthorpe

annual review 2017 - cdcf · 2019. 4. 12. · net gains/(losses) on investments 1,789,255 1,789,255...

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