Annual Report & Accounts 2011

AnnuAl RepoRt & Accounts 2011

ANNUAL REPORT & ACCOUNTS 2011 Contents 02

Chief Executive’s Report

04

Adding Value

06

Our 50th birthday gifts

12

Key Statistics

15 16 38 44

Funding Overview Main Fund Other Funds Finance Fund

47

Chairman’s Statement

48 Financial Review 49 Investment Review 51 Governance 52 Statement of Trustees’ responsibilities 53 Independent auditors’ report 54 Accounts 66 Trustees, staff, committees and advisers 68

Our history

Esmée Fairbairn Foundation aims to improve the quality of life for people and communities in the UK both now and in the future. We do this by supporting organisations that work in the arts, education and learning, the environment, and social change.

The Foundation is one of the largest independent foundations in the UK. We make grants in the region of £30-35 million every year. Our funds are generated by our investment portfolio.

We aim to achieve a total return of RPI + 4% on a rolling five year average.

Additionally we operate a £21 million Finance Fund which invests in organisations that aim to deliver both a financial return and a social benefit.

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Chief Executive’s Report 2011, our 50th birthday year, has been busy and productive at Esmée Fairbairn. At a time of high demand for our funding, we were able to increase our spending on grants to a new high, working with a range of exciting and high quality applicants.

We geared up our social investment activity through the Finance Fund, also expanding our Grants Plus activity (where we support grantees through paid-for advice and consultancy), and hosted an extraordinary variety of meetings and events at our King’s Cross offices.

It has of course been a tough year for the UK and beyond. We have begun to see the impact of public sector funding cuts on practitioners in our sectors and the continuing difficulties and uncertainties in the world economy have impacted on our investment performance. There remains therefore a significant challenge for us looking forward, as we consider the balance between what we spend in pursuit of our mission to improve the quality of life in the UK today and the returns on our investment portfolio for future generations.

We marked our 50th anniversary in three ways. Of most significance were the 15 ‘birthday’ gifts that we made to some old friends. Details of each of these can be found on pages 6–11.

We also made a film which tells the story of nine organisations that we have funded. You can find this on our website. And finally, in the autumn we drew together our extended family of Trustees, executive, advisers and grant-holders past and present, along with colleagues and peers from other organisations, for a celebration at the

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Whitechapel Gallery. The evening was an affirmation of the breadth of our funding as new connections were made and ideas exchanged across sector, geography and scale.

For most of the year however it was business as usual and we increased our grant-making spend to ÂŁ39.6 million. We have funded too many fine organisations to single any out here, but all are listed in subsequent sections of this report. Suffice to say that the range and mix of organisations reflects our belief in travelling widely and thinking broadly.

We will continue with this focus in 2012. We are also developing a pilot scheme to explore how grant-holders can develop greater financial sustainability, working with the Cranfield Trust.

We have been active in the social investment field for a number of years. In 2011 we saw a step change in activity and quality: not only have there been more proposals, they have been of a higher quality, enabling us to commit a further £5.5 million in areas as diverse as community renewables, housing, and efforts to reduce recidivism. Also, existing funds In deciding how and what we should and intermediaries have been both fund we consider the contribution an consolidating their offers and organisation makes beyond its own immediate beneficiaries. This reflects developing new ones. Commensurate with this increase in deal-flow has our interest in encouraging been the entry of new investors drawn sustainability both within an from foundations and major financial organisation and across a sector. institutions, as well as high net worth As a consequence of this approach, individuals. This is no longer a lonely and reflecting in part the needs of pursuit and we look forward to 2012, the day, much of our funding is now particularly with the arrival of Big directed to support the core costs of organisations. We have on occasion Society Capital, with some optimism! extended the period over which we will 2011 was a successful year for the fund beyond the applicant’s request in Foundation, but what of the future?

In 2012 we have to look with renewed order to offer greater stability.

We increased our Grants Plus activity vigour at how our funding can contribute to addressing the thorniest this year, majoring on a programme challenges facing people in the UK. of advice and support from communications agency Champollion We recognise that there will continue to be great hardship and that some to selected grant-holders. civil society organisations may struggle to thrive.

On a more positive note, I have been privileged to meet foundations and philanthropists from across the world during 2011 and have been struck by how much energy, thought and ingenuity is being employed to address complex challenges across the globe.

It will be our job at the Foundation to ensure that, in times of limited resource and economic uncertainty, we listen to and incorporate ideas and approaches from elsewhere as well as drawing on our own knowledge and experience to make wise choices for the future.

Dawn Austwick Chief Executive

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Adding Value We review our grant-making on a regular basis to see if there are ways in which we can have greater impact without making too many extra demands on our grant-holders or our resources. Having our meeting rooms available free of charge is one small way in which we can do this.

Providing Grants Plus support is another and from time to time we ring-fence funds for strategic initiatives.

2011 saw the beginning of our ‘second generation’ Museum Collections Fund and the selection of the third and final cohort of our Northern Ireland Development Fund. Both these are featured here. It was also the first year in which we provided targeted Grants Plus support to enable 10 of our grant-holders to develop their communication strategy and skills.

Two of them are featured here: IKWRO (Iranian and Kurdish Women’s Rights Organisation) and Living Streets.

Grants Plus – communications

In December 2011 IKWRO held the ‘True Honour Awards’, the first awards of their kind, dedicated to celebrating those who work to combat honour-based violence in the UK. In order to draw attention to the awards and highlight honour-based crime as an issue in the UK. IKWRO, with our support, commissioned

communications agency Champollion to develop a media strategy which would deliver national media coverage.

Champollion worked with them to develop a story around the number of honour-based crimes reported in the UK and this was given to the BBC as an exclusive.

It featured throughout the day on the BBC News Channel, Five

Esmée Fairbairn Collections Fund This year we entered into partnership with the Museums Association (MA) to establish the Esmée Fairbairn Collections Fund.

The Fund developed out of our Museum and Heritage Collections Strand which we had been running for the previous three years and also from our experience of working with the MA on their Effective Collections programme.

The MA run the Fund on our behalf and we have a joint decision-making panel which meets twice a year. We learned from our own collections strand that the focus on hard-to-fund collections development was highly valued but not very well known.

Working with the MA has enabled us to draw on the sector’s own networks and the MA’s expert knowledge.

The Fund has opened up new areas of work and enabled a high standard of applications to be developed with the MA’s team. In its first year the Fund exceeded expectations in terms of the quality and number of applications, with over 200 applications resulting in 13 grants.

Successful applicants included: Cresswell Heritage Trust Creswell Crags is an Ice Age site that has been the focus of excavation work since the 1870s with the result that many of the objects excavated are spread across 40 different museum departments worldwide.

The Trust was given a grant of £49,857 towards a project which aims to create a searchable website for this dispersed collection and archive.

Horniman Museum and Gardens The museum was given a grant of £50,450 to review its natural history collections and host a series of workshops to discuss the findings with external experts and community and enthusiast groups. This project has the potential to create a new approach to reviewing and understanding natural history collections. This is a key challenge for the museum sector due to the size of this type of collection and the relative scarcity of specialist curators.

Middlesbrough Institute of Modern Art (Mima) Mima was given a grant of £68,912 towards two posts: a registrar to deliver an online database of the collection and facilitate an increased number of loans (including fee-based corporate loans), and a conservator to care for the collection and provide services to other museums and artists regionally. These posts will contribute to the knowledge and care of Mima’s collections, and also have a built-in plan for sustainability through earned income.

The Foundation believes that thriving collections sit at the heart of thriving museums.

We recognise however that developmental work around collections can be hard to fund.

We hope that by working with the MA we are able to contribute to the long-term health and development of collections across the UK.

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Live and Radio One, and ran as the front-page story on the BBC news website. It was picked up widely, generating national debate around honour-based violence and helping to establish IKWRO as a leading organisation working on this issue.

Subsequently, IKWRO has been invited to The Home Office to brief advisers and civil servants and have met with a special advisor to the Prime Minister on honour-based violence and the criminalisation of forced marriage.

Living Streets wanted to maximise the impact of their new three-year campaign to create ‘streets for people’. The campaign aims to make the public more aware of the need for safe, attractive and enjoyable streets and to equip them with

the tools to make this happen, as well as working to achieve policy change locally and nationally.

Champollion supported the charity to develop a narrative and key messages for the campaign, to draft a media strategy which would engage audiences in why streets matter, and made recommendations on how to integrate supporter recruitment.

The campaign launched in early 2011 with a focus on walking-friendly neighbourhoods and was a success, generating major media attention and hundreds of new supporters taking campaign actions.

Northern Ireland Development Fund This was the final year of the Northern Ireland Development Fund which we have supported jointly with The Henry Smith Charity since 2008. With a fund of £3 million we have been backing emerging and established civil society leaders with the aim of helping to create a more resilient and vibrant voluntary sector. Our approach has been to back people rather than projects and to bring the selected individuals together to meet up, share perspectives and identify opportunities to work together. Consultant Liz Firth worked with each cohort to facilitate this process, with evaluation provided by Blueprint Consultancy.

to create new work. Mark has been able to focus on campaigning for a better and more equitable built environment in Belfast. Alan has developed a Belfast-wide partnership between Orchardville and other key organisations to promote a city-wide strategy to increase employment and skills for young people and adults with learning difficulties.

We set up the Northern Ireland Development Fund as a response to the challenges facing Northern Irish civil society ‘post peace dividend’ and the need for people to respond to the changing political and social environment.

It has been an intensive process for us in terms of resource. But this investment has enabled us to Participants have been drawn from across sectors, ranging from fine-tune and adapt our approach Pauline Ross of Derry Playhouse with each cohort, guided by to Alan Thompson of Orchardville participants’ feedback, as well as Society to Mark Hackett of Forum working in partnership with a fellow funder. In early 2012 we for an Alternative Belfast. The programme has enabled Pauline brought together grant-holders from all three years to start to bring artists from around the identifying how the relationships world with direct experience of and experience of the programme conflict resolution to Northern will help them to work together in Ireland both to work with similar future years.

Northern Irish organisations and

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Our 50th birthday gifts The Foundation was established in 1961, and in 2011 we celebrated our 50th birthday.

In recognition of our funding history and looking to the future we gave 15 organisations birthday gifts totalling nearly £5 million.

Community Foundation Network £750,000

The Network is the national membership body for community foundations.

These are independent grant-making charities that encourage philanthropy by connecting donors with local charities and community organisations. CFN aims to create positive social change and tackle disadvantage and exclusion.

National Museum Wales £600,000

This funding will enable the digitisation of a significant number of the Museum’s historic photographs.

Amgueddfa Cymru (National Museum Wales) runs seven museums and holds photographs across disciplines ranging from natural science to social and industrial history.

The project boosts the accessibility of images by unknown as well as famous photographers such as the Welsh photography pioneer John Dillwyn Llewelyn. The 1850s Dillwyn Llewelyn prints include the earliest surviving photograph of a Guy Fawkes bonfire.

The first community foundations appeared in the UK in the late 1970s. By 2011 there were 57.

They are one of the biggest non-statutory community grant-makers in the UK, hold nearly £300 million in endowed funds, and give an annual £70 million in grants. Our support will help develop a network of investor philanthropists, enabling CFN to promote and encourage effective philanthropy in communities, reach out to smaller organisations across the UK and connect people with causes.

7

The Wildlife Trust for Bedfordshire, Cambridgeshire and Northamptonshire £300,000

The Foundation’s gift to the Trust will help towards land purchase and other work at the Great Fen project – large-scale habitat restoration work to create a 3,700 hectare wetland between Huntingdon and Peterborough.

The initiative is linked to that of the National Trust (see below), allowing the Foundation to support links between these two major conservation charities.

Wildlife Trust and National Trust The Who Cares?

Trust

£200,000

The funding will develop and Championing some of the most strengthen the influential charity’s policy work, ensuring that the Trust’s vulnerable children in society, growth continues and that the views The Who Cares? Trust aims to and opinions of the 75,000 children create a care system that currently in foster or residential care responds to the needs of are heard by the government and looked-after children. more widely.

National Trust £300,000

Wicken Fen in Cambridgeshire was the first nature reserve to be owned by the National Trust, one of Europe’s leading conservation charities, when it made its first land purchase in 1899.

Today, Wicken Fen is one of Europe’s most important wetlands. As with the Wildlife Trust’s work at Great Fen (see above), the Foundation has supported the purchase of land at these fenland sites to create new wildlife habitats, improve biodiversity and enhance public access to the countryside.

The National Trust’s vision is ambitious; it wants to create a new reserve covering 53 square kilometres, this is the biggest lowland project of its kind in England and will take up to a century to complete. Our support will help the National Trust expand its holdings at Wicken Fen, protecting the area for local people, wildlife and visitors.

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OUR 50th BIRTHDAY GIFTS continued...

PAMIS (Profound and Multiple Impairment Service)

ÂŁ200,000

It provides help, advice and training to 500 families and PAMIS is the main organisation in Scotland 150 professionals every year.

A centre of expertise, PAMIS providing support to those caring for children lobbies government on and people with profound policy and practice. Our gift and multiple disabilities. contributes to their reserves.

British Film Institute

9

Wordsworth Trust £200,000

Founded in memory of the poet William Wordsworth and his circle, the Trust looks after the heritage site Dove Cottage in Cumbria, where Wordsworth and his sister Dorothy lived and wrote.

Emmaus UK £200,000

Our gift contributes to the development work of this organisation which believes that shelter and food is only the first step to address the needs of the vulnerable and homeless.

£200,000

The British Film Institute, established in 1933, is the UK’s lead film organisation, promoting an understanding and appreciation of film and television heritage and culture.

The BFI National Archive is one of the world’s largest collections of film and television material, much of which is the work of British actors and directors. The collections include over 850,000 film and television titles, 10 million stills and 25,000 posters, production and costume designs from the last 100 years.

The Foundation’s gift funded a retrospective of leading British film director Ken Loach at BFI Southbank and an education programme around his films. The gift will also help the BFI in its work to catalogue, preserve and digitise the collection.

Emmaus UK’s 22 communities offer work as well as a home, supporting people in rebuilding their lives. Companions, as residents in the communities are known, collect, renovate and re-sell donated furniture. The work enables communities to be financially self-sustaining and Companions to learn skills and rebuild self-respect.

It also runs the Wordsworth Museum, which displays its internationally significant collection of manuscripts and fine art, and a research centre for the study of the literature and culture of the Romantic period. The Trust delivers a range of learning programmes for all ages and interests. Through poetry residencies and readings it links the creativity of the past with that of the present. The gift is towards the Trust’s strategic development.

Dulwich Picture Gallery

£200,000

England’s first purpose-built public art gallery, Dulwich Picture Gallery was founded in 1811 and houses an exceptional art collection which is of national importance.

Based in South London the Gallery’s exhibitions and education programmes fulfil its mission to encourage more people to enjoy the visual arts. The Foundation’s gift contributes towards the gallery’s expendable endowment.

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OUR 50th BIRTHDAY GIFTS continued... £200,000

Barton Hill Settlement, a multi-purpose community organisation in a deprived part of Bristol, is often regarded as a leader of best practice in the community sector.

Its impressive range of projects includes drug and alcohol work, community work and activities for parents and children. It aims to help build bridges between communities and cultures. Its vision is for a strong, confident, safe and cohesive community, where people work together to deal with issues affecting their lives, reaching their full potential with the best opportunities in education, employment and family life. Up to 2,000 people use Barton Hill Settlement every week and most staff are drawn from the local community. Our gift contributes towards reserves.

Barton Hill Settlement

£750,000

The internationally-renowned institution increases knowledge and public awareness of plant diversity.

The Foundation’s gift is towards seed production and storage facilities and related work on lowland meadow plants at Kew’s UK Native Seed Hub, located at the Millennium Seed Bank, Wakehurst Place. The Millennium Seed Bank is a global initiative which aims to collect and conserve 25% of the world’s wild plant species by 2020. The work of the UK Native Seed Hub, however, is UK-focused and will support our native seed industry, conservation groups and other organisations working to restore native plants to our countryside. The gift will contribute to seed production facilities that will be open to the general public and staff who will

Royal Botanic Gardens, Kew disseminate best practice in seed production and handling for restoration and reintroduction. The preservation of rare UK plants as

seeds not only ensures they are not lost, but also that they are available for re-introduction and use by conservation organisations.

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£200,000

This social enterprise helps 11-25 year olds manage their money and develop positive financial habits like saving through fun, interactive education programmes.

Finance and enterprise are brought to life in schools and youth groups with workshops, enterprise experiences and onsite/ online banks using real money and interest-free loans. With personal debt soaring, MyBnk are reaching out to the most disadvantaged and financially vulnerable, boosting young people’s financial skills,

MyBnk

Sutton Borough Citizens Advice Bureaux £20,340

A gift made to reflect Esmée Fairbairn’s personal connection with this Citizens Advice Bureau and the wider movement.

entrepreneurialism and personal development. In four years they have helped 38,000 young people in 180 organisations.

Art Fund

The work is being rolled out nationally and internationally and the Foundation’s gift will go towards core costs and reserves.

£600,000

The Art Fund has helped more than 500 museums and galleries across the country to buy works of art of all ages and types.

It supports museums to show art, campaigns on their behalf and invests in curatorial skills. The Foundation’s gift will support the RENEW initiative to help build collections in six UK museums. RENEW aims to create new collections or replenish and develop existing holdings, building centres of excellence. It also hopes to share knowledge and resources between departments and institutions and help museums and galleries connect with their

The gift will fund a supervisor to support volunteers to give more help and advice to members of the public.

communities in new ways.

The organisations benefitting from the gift are Cambridge Museum of Archaeology and Anthropology, University of Durham Oriental Museum, Glasgow Museums, Wolverhampton Art Gallery, York Art Gallery and University of Dundee Museums Collections.

The wide range of collections that RENEW will help develop includes works of contemporary Japanese art, South Asian art and a collection about conflict in Israel and Palestine and the implications of this conflict in the wider Middle East.

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Key Statistics In 2011 we spent £42,823,000* (2010: £32,811,000)* * These figures include grant spending, Finance Fund drawn-down, and administration costs

Our funding 2011

C St los ra ed nd s

£9 32 ,00 0 Fund n i a M

ds n u F r Othe

0 0 0 , 7 £ 9,08

Total number of grants and Finance Fund investments (drawn-down): 2011

515

0 0 0 , 8 0 6 , 0 3 £

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Size of Foundation endowment: Year ended 2011

£805 million Year ended 2010: £872 million

Breakdown of funding 2011 Value (£’000) Main Fund Arts Education and Learning Environment Social Change Main Fund total Other Funds Food Strand Development Fund (including Northern Ireland Development Fund) Finance Fund (drawn-down) 50th Birthday Gifts TASK grants Grants Plus Other Funds total Closed Strands Biodiversity Museum and Heritage Collections New Approaches to Learning Closed Strands total Total *These figures do not include administration costs.

2010 Number Value (£’000)

Number

8,491 2,176 3,308 16,633 30,608

83 29 37 184 333

5,081 2,392 3,053 11,013 21,539

66 32 33 139 270

1,581 429

20 3

924 471

14 3

1,067 4,920 981 109 9,087

8 15 119 n/a 165

3,000 0 705 55 5,155

12 0 87 n/a 116

207 368 357 932

4 8 5 17

1,480 1,011 1,622 4,113

17 17 20 54

40,627*

515

30,807*

440

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KEY STATISTICS continued...

Main Fund: spend by country and English regions 2011 Geography

UK – wide

Grants

Spend per capita (pence)

£13,510,446

23

More than one UK Country

£742,677

More than one English Region

£572,772 £2,146,931

27

£383,747

21

£1,170,691

22

£940,966

31

North East

£289,419

11

North West

£1,333,594

19

Yorkshire and the Humber

£751,412

14

East Midlands

£377,265

8

West Midlands

£1,203,131

22

£413,758

7

Greater London

£3,758,182

48

South East

£1,857,081

22

South West

£1,155,434

22

England – wide Northern Ireland Scotland Wales

Eastern

Total

22

£30,607,506

21

19

31

11

14

22

8

22 22

7 48

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Funding Overview Esmée Fairbairn Foundation aims to improve the quality of life throughout the UK. It does this by funding the charitable activities of organisations that have the ideas and ability to achieve change for the better. During 2011 the Foundation committed over £40 million towards a wide range of work.

Funding is channelled through two routes: Main Fund Our Main Fund distributes the majority of our funding. It is responsive to shifts in demand, supporting work that focuses on the arts, education and learning, the environment and social change. We are particularly interested in supporting work through the Main Fund that:

Other Funds We also allocate funds to specific areas of work:

• addresses a significant gap in provision • develops or strengthens good practice

• TASKs (Trustee’s Areas of Special Knowledge).

• challenges convention, taking risks to address a difficult issue

More information about our other funds is on pages 38–46.

• tests out new ideas or practices • takes an enterprising approach to achieving its aims • aims to influence policy or change behaviour more widely.

• Strands • Finance Fund • Development Fund (incorporated into the Main Fund from 2012)

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Main Grants List

Main Fund Average Main Fund grant 2011

£91,915 Breakdown of Main Fund spend by category in 2011 (£’000s)

Arts (8,491) Social Change (16,633)

2011 Education and Learning (2,176)

Environment (3,308)

Main Fund applications and grants 2011

2,900

474

333

Main Fund applications

Invited to second stage

Grants approved

Arts

Main Fund Grants

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Dash Arts £195,000 (over four years) Towards core funding.

ActOne ArtsBase £30,000 (over two years) Towards delivering inclusive dance training and performance opportunities for children and young people across Hertfordshire.

Celtic Neighbours Partnership £12,100 (over one year) Towards Throwing Shapes – a drama/music collaboration between young Irish, Gaelic and Welsh speakers.

Arcola Theatre £170,000 (over three years) Towards the costs of the artistic programme.

Chapter Cardiff Ltd £144,633 (over three years) Towards salaries and project costs DreamArts of its audience engagement £75,000 (over three years) project.

Towards core costs to deliver the outreach youth arts programmes.

Circus Space Company Ltd £114,000 (over three years) Eastleigh Borough Council Towards a programme to support (The Point) emerging circus artists. £120,000 (over three years) Towards a programme supporting City Arts (Nottingham) Ltd artists development. £73,039 (over three years) Towards the salary of the creative Endymion Ensemble Ltd programme manager. £7,000 (over one year) Comann Eachdraidh Lios Mor Towards the Song Stories Programme, an innovative primary (Lismore Historical Society) schools project in deprived areas £20,000 (over two years) of South London, that will create a Towards the salary of a part-time musical story, comprising song access officer. and narration with widely varying Dash Arts musical influences. £2,772 (over one year) Towards business consultancy for English Touring Opera £198,000 (over three years) organisational transition.

Towards the costs of developing the company’s autumn seasons.

Artangel Trust £150,000 (over three years) Towards the Artangel collection.

British Federation of Film Societies £70,000 (over two years) Towards the salary of the managing director.

British Library £53,433 (over two years) Towards the costs of the Preservation Advisory Centre, which supports libraries and archives in the UK to preserve their collections effectively.

Cambrian Music Trust £15,000 (over two years) Towards the core costs of the Mid Wales Chamber Orchestra.

Deafinitely Theatre £105,000 (over three years) Towards the costs of the company’s main annual productions.

Leicester Theatre Trust (Curve) £118,103

(over three years) Curve is a producing theatre in Leicester with a strong participation, learning and community programme. The theatre’s internal glass walls reveal backstage activity, with the aim of demystifying the artistic process. Our grant will contribute to the Young Arts Entrepreneur scheme, enabling young people to learn the skills necessary to manage community art projects.

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MAIN FUND GRANTS Arts continued...

Kneehigh Theatre Trust £112,664 (over three years)

Award-winning Cornish theatre company Kneehigh is internationally recognised, but still retains links to small, rural venues. Its unique performance style includes physical theatre, film, music, dance and outdoor productions. Kneehigh’s theatre tent, The Asylum, is based in central Cornwall and aims to address the issue of low arts provision and attract new audiences. Our funding will support Kneehigh’s audience engagement through the Connections Programme at The Asylum, which includes subsidised tickets, workshops and projects based on local stories and traditions.

Kids Kabin £30,000 (over two years) Towards the salary of the project manager to enable this innovative project to continue and expand work into new areas.

Ledbury Poetry Festival Ltd £30,000 (over three years) Towards the festival’s community programme, enabling poets to work with the elderly and adults with mental health issues or disabilities, to help them to participate and engage.

Leicester Theatre Trust – Curve £118,103 (over three years) Towards the young arts entrepreneur programme.

See page 17.

Lighthouse Arts & Training Ltd £60,000 (over three years) To pay for the salary and on costs of the programme curator.

Liverpool and Merseyside Theatres Trust Ltd £250,000 over five years Towards a fund for new work and emerging artists.

London Symphony Orchestra Ltd £289,351 over five years Towards the costs of creating Soundhub, a programme of support for emerging composers.

Mikron Theatre Company £20,000 (over one year) Towards novel drama delivery via narrowboat to rural communities.

Fermynwoods Contemporary Arts £10,000 (over one year) Towards the costs of Encounters, a programme that helps people understand the environment through the arts.

Fevered Sleep £65,000 (over two years) Towards the development of new projects.

Fuel £20,000 (over two years) Towards the cost of an audience development project on behalf of the theatre group, The Future is Unwritten.

Full Body and the Voice Ltd £55,000 (over three years) Towards the core costs for innovative work with actors with learning disabilities.

Heritage Works Buildings Preservation Trust Ltd £10,000 (over one year) Towards the Bradford Cathedral Corner regeneration project.

HighTide Festival Productions Ltd £70,000 (over two years) Towards the salary of the manager.

Hofesh Shechter £49,600 (over two years) Towards the salaries to manage and plan the company’s participatory programme.

Huddersfield Contemporary Music Festival £54,000 (over three years) Towards the salary of the learning and participation officer.

Miracle Theatre Trust Ltd £30,000 (over one year) Towards a collaboration project with English Touring Opera to produce a community play -Tin; which will tour Cornwall and involve local choirs and cover historical events with contemporary resonance.

Mull Theatre £75,000 (over three years) Ice and Fire Theatre Company Towards the costs of tours to the £78,000 (over three years) Highlands and Islands of Scotland.

Towards core costs to support the Museums Association company’s new programming. £140,000 (over two years) Intoart Towards the development and £19,880 (over one year) administration of the Esmée Towards the salary of the director Fairbairn Collections Fund, of the Go To Press programme. see page 42.

John Clare Trust £64,680 (over two years) Towards ‘Bridging Cultures in Clare’s Country’ to engage BME communities in cultural and heritage activities.

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Museums Association £2,400,000 (over three years) Towards a new funding scheme to support museums across the UK for work involving collections care and research.

Paragon Ensemble Ltd £15,000 (over one year) Towards the salary of the creative director.

People United £60,000 (over three years) Towards the salary of the chief executive.

Music Theatre 4 Youth £20,000 (over two years) Towards the salary of the outreach Philharmonia Orchestra worker. £100,000 (over one year) Towards the Universe of Sound National Museums Scotland digital orchestral learning project. £150,430 (over two years) Towards an outreach programme Photographers’ Gallery to increase the depth of £90,000 (over three years) engagement of visitors aged 14-24 Towards the salary of a part-time and to increase the proportion from digital curator and a contribution disadvantaged backgrounds. to the digital programme.

New London Orchestra Pioneer Theatres Ltd/Theatre £75,000 (over three years) Royal Stratford Towards musician, conductor and £30,000 (over six months) soloist salaries to support the Towards a project to develop costs of NLO becoming ‘orchestra the Theatre’s engagement in residence’ at Stratford Circus programme. arts centre in the London Borough of Newham.

Royal Scottish National Orchestra £7,500 (over one year) Towards the costs of a review of good practice in community engagement in arts venues, to underpin the development of the RSNO’s new building.

(over three years) Towards core costs to support the company’s new programming.

Towards the development of new projects.

Orchestra of the Age of Enlightenment £120,000 (over three years) Towards the continuation of Night Shift, OAE’s late night format for new audiences at The Queen Elizabeth Hall.

Paines Plough £122,534 (over three years) Towards a new small-scale theatre touring model.

Polka Theatre £30,000 (over one year) Towards production and outreach costs related to a piece of verbatim theatre that gives voice to children’s and young people’s responses to the riots.

Project Ability £55,850 (over three years) Towards building the capacity, growth and ongoing development of the new Gallery and exhibition programme at Trongate 103.

Punchdrunk £75,000 (over three years) Towards a programme of work in educational and community settings.

Shobana Jeyasingh Dance Company £60,000 (over three years) Towards the costs of an associate producer scheme.

Ice and Fire Theatre Company £78,000

Fevered Sleep £65,000 (over two years)

New Writing South £99,710 (over three years) Towards ‘Writer Squads’, a creative learning programme for 13-17 year olds.

Scottish Opera £118,298 (over three years) To pay for a programme of community projects.

Royal Shakespeare Company £170,000 (over eighteen months) Towards phase two of the Open Stages project. See page 21.

Royal Welsh College of Music & Drama £90,000 (over three years) Towards the development of a new programme of community activity.

Schubert Ensemble Trust £10,000 (over two years) Towards touring and outreach costs to communities in disadvantaged and remote areas where access to high quality recitals and new works is less common.

Sound and Music £150,000 (over three years) Towards a programme of professional development for emerging composers and sound artists.

SPACE £15,000 (over fifteen months) Towards a pilot programme of training and creative learning activities for artists, teachers and young people set within the artist studio.

Spark in the Dark Projects Ltd £10,000 (over six months) Towards a resource highlighting homelessness in Cambridgeshire directly involving those with experience of homelessness.

20

MAIN FUND GRANTS Arts continued...

Stage One Theatre Company £60,500 (over two years) Towards the costs of extending the Apprentice Scheme to the subsidised sector.

Stretch £25,000 (over two years) Towards the director’s salary.

Taking Flight Theatre Company Ltd £13,394 (over one year) Towards the costs of Twelfth Night, a series of workshops and a production that will feature a mixture of physically disabled, sensory impaired and nondisabled facilitators and performers.

Tangere Arts £15,000 (over one year) Towards project costs for small scale performance work and literacy workshops in areas of isolation and inner city deprivation in the East Midlands.

The Belgrade Theatre Trust (Coventry) Ltd £91,163 (over one year) Towards Art Gymnasium a drama based learning programme that aims to explicitly demonstrate the links between creativity and improved health.

The Dukes £40,000 (over two years) Towards core costs.

The Institute of Conservation £30,000 (over one year) Towards core staffing costs.

The Young Vic Theatre £20,000 (over one year) Towards additional costs linked to the production of Wild Swans.

The Young Vic Theatre £250,000 (over two years) Towards the World Stages London project.

Trinity Laban Conservatoire of Music and Dance £63,075 (over two years) Towards establishing young musicians’ ensembles.

Turner Contemporary £150,000 (over four years) Towards the development of Encounter, a public programme.

Ty Newydd National Writers’ Centre for Wales £80,000 (over two years) Towards widening participation on Ty Newydd’s courses particularly for those who feel marginalised in society or excluded from arts activities.

Valleys Kids £75,000 (over three years) Towards the salary of the ArtWorks programme manager.

Wakefield Chantry Chapel / Friends £20,000 (over three years) Towards education work at Wakefield Chantry Chapel and to contribute towards the wider regeneration of Wakefield’s riverside area.

The John Hewitt Society £22,500 (over three years) Towards the core costs of a literary society that uses poetry and prose to bring communities together in Northern Ireland.

The New Marlowe Theatre Development Trust £105,000 (over three years) To fund the salary of a learning and participation officer.

The Peter Potter Gallery £20,000 (over two years) Towards the salary of the audience development worker and programme delivery costs.

The Showroom £30,000 (over eighteen months) Towards a programme of artists’ projects exploring forms of participation.

Watts Gallery £100,000

(over two years) Towards the salary of the marketing manager and associated costs.

Total £8,491,209 No. grants 83

Royal Scottish National Orchestra £7,500 (over one year)

Towards the costs of a review of good practice in community engagement in arts venues, to underpin the development of the RSNO’s new building.

21

Royal Shakespeare Company (RSC) ÂŁ170,000 (over 18 months)

Towards phase two of the Open Stages project.

When the Royal Shakespeare Company moved back in to its Stratford-upon-Avon home after a three-year redevelopment project in November 2010, it marked the start of a new way of working.

Open Stages, a new project which the Foundation’s grant will support, is designed to bring amateur and professional theatremakers together. This is because the relationship between most amateur and professional theatres usually involves rental and hire of equipment or performance spaces rather than collaboration. Open Stages aims to explode myths and stereotypes held by both sides.

The project illustrates how national or regional arts organisations such as the RSC can support and sustain their sector by reaching out to grassroots organisations.

Benefits for amateur theatremakers include a higher profile and increased skills, while professional organisations gain a raised local profile, and potentially, increased audiences.

22

EDUCATION and LEARNING

MAIN FUND GRANTS continued...

Act for Change £20,000 (over two years) Towards supporting the core activities of an organisation seeking to build resilience and empathy within troubled children in pupil referral units.

Campaign for Learning £152,010 (over two years) Towards project costs to develop, pilot and evaluate a family learning programme targeting disadvantaged families and underachieving children.

Catch 22 Magazine CIC £75,000 (over three years) Towards the salary and costs of the director.

Debate Mate Ltd £90,000 (over three years) Towards core and project costs for a programme that develops young people’s critical thinking and communication skills through debating techniques.

23

CDI Europe £210,000

(over three years) Towards the Apps for Good programme.

I CAN £120,000 (over two years) Towards the salary of the project manager and four regional advisors.

MakeBelieve Arts £57,397 (over one year) Towards the evaluation of the Vivian Gussey Paley approach to story-telling/recording with young children.

Clean Break Theatre Company £150,000 (over three years)

plays by new and established writers inspired by women’s experiences of crime and justice. The organisation works intensively with 300 women each Established by two women prisoners, year, supporting a further 1,500 through this ground-breaking theatre company outreach. Annually around 70% of works with female offenders, exparticipants go on to further education, offenders and those at risk of offending volunteering and employment and because of drug or alcohol dependency recidivism is reduced to 5%. This is far problems. Research shows that 95% below the 54% national average for of its clients have experienced sexual convicted women. The Foundation’s abuse and/or domestic violence. grant will help deliver Positive Pathways, London-based but providing education a training programme including and training nationally, the group’s extensive personal development, performances are critically acclaimed. It benefitting a total of 970 women. regularly commissions ground-breaking Exposure Organisation Ltd £57,000 (over three years) Towards the editor’s salary to support an award-winning magazine giving disadvantaged young people learning opportunities and work experience during a period of transition to a more diversified income stream.

From Boyhood to Manhood Foundation £25,000 (over one year) Towards the project management and costs of Calling the Shots, a violence reduction and anti-weapon curriculum for young people.

Gemin-i.org £75,000 (over one year) Towards core costs to help the organisation through a time of transition.

Helford River Children’s SailingTrust £24,000 (over three years) Towards enabling children, young people and volunteers, who would not otherwise have the opportunity, to acquire life-long confidence through learning to sail and row single-handed.

National LiteracyTrust £7,500 (over one year) Towards salary costs for a programme involving social marketing to improve attitudes towards reading and raise literacy rates amongst people from deprived backgrounds.

New Philanthropy Capital £45,000 (over six months) Towards a sales and marketing manager to test the wider market for a web based survey tool to establish and assess children’s well being.

Open Storytellers £85,984 (over four years) Towards the salary of the chief executive, to increase learning and employment opportunities for people with learning difficulties.

Raw Material Music and Media Education £50,000 (over three years) Towards the music and expressive arts education programmes.

Royal Opera House Foundation £114,985 (over three years) Towards a teacher training programme in the Thurrock and Thames Gateway region.

24

MAIN FUND GRANTS EDUCATION & LEARNING continued...

SsBA Community Trust / Poetry In Wood £75,000 (over two years) Towards the salaries of the training team members to support accredited product design and development training for people with learning disabilities.

TaxAid UK £85,000 (over two years) Towards developing tax awareness training via interactive e-learning and information resource videos for UK-wide generalist money, debt and employment advisers.

The Access Project £20,000 (over one year) Towards the salary of a programme manager to work with schools to encourage disadvantaged young people to raise their aspirations and acquire the skills to progress into higher education.

The Camden Future First Network £40,000 (over two years) Towards programme costs to connect young people with school alumni to inspire and inform them about careers and educational opportunities.

The Egalitarian Trust £102,926 (over three years) Towards the salary of the manager to devise and deliver the justice programme to London schools at the Royal Courts of Justice and Supreme Court.

The Friends of William Morris Gallery £97,545 (over three years) Towards the salary of the activities and events officer to provide enhanced learning opportunities for adults and to encourage more people from disadvantaged and BME backgrounds to visit the gallery.

The Institute for Fiscal Studies £35,020 (over one year) Towards the costs of an in-depth analysis of the options for the introduction of a national funding formula for schools in England to inform this reform and the debate surrounding it.

The Movement for NonMobile Children (Whizz Kidz) £90,282 (over three years) Towards a project to help disabled children across Southern England acquire vital life skills, work experience and a platform to get their voices heard.

Protégé £96,000 (over three years)

Protégé pairs hard-to-reach young people – teenage parents, young offenders, looked-after children and the long-term hospitalised – with artists who act as mentors. Creative, tailormade programmes, mostly a year long, develop critical thinking essential for young people entering the job market. Around 90% of participants go into employment, training or education and Protégé remains focused on its young people after the project ends. Many of Protégé’s artist mentors and tutors receive bespoke training and the organisation works with a number of high-profile arts organisations.

The Wheels Project Ltd £20,000

(over one year) Towards core costs to help involve disadvantaged young people in the wider community through practical charitable work, whilst learning mechanic skills.

Théâtre Sans Frontières £35,000 (over two years) Towards the costs of developing a web based platform and incorporating online material to support foreign language learning for children.

Villiers Park Educational Trust £120,000 (over three years) Towards the salary of the Scholars Programme manager plus project costs.

Total £2,175,649 No. grants 29

environment

25

Foundation for Common Land £64,750

(over three years) For centuries people have had the right to let their animals graze on common land; commons are part of our heritage, culture, ecology and environment. Much of the land in the Lake District and Cumbria, for example, has been shaped by generations of commoners. Our grant will help strengthen their combined voice, which is vital if commons are to thrive.

Bee Guardian Foundation CIC £61,600 (over two years) Towards core salaries of an organisation that seeks to ensure that bee populations thrive across the UK through education and awareness raising.

Centre for Accessible Environments £10,000 (over one year) Towards the cost of paying for financial and legal advice related to the organisation’s plan to become a subsidiary of Habinteg housing association.

British Trust for Ornithology £105,035 (over four years) Towards the costs of setting up a Wales office and a contribution towards the senior ecologist salary.

Chemicals, Health, and Environmental Monitoring Trust £215,000 (over five years) Towards the salary of the director and the costs of annual projects on wildlife and chemicals.

Campaign for Better Transport Charitable Trust £225,000 (over three years) Towards the core costs of an organisation that campaigns for a more co-ordinated transport policy that serves travellers better and is kinder to the environment.

Cardiff University School of Biosciences £75,000 (over five years) Towards the ongoing work of the Llyn Brianne stream observatory network.

Federation of City Farms and Community Gardens £114,999 (over three years) Towards the development of a Community Land Bank initiative that makes land available to community groups for growing projects and other purposes.

Fishing for Litter South West £63,906 (over three years) Towards an environmental project designed to reduce the amount of marine litter in our seas by physically removing it, and to improve waste management practices in the fishing industry.

Froglife £155,398 (over three years) Towards the salaries of the conservation co-ordinator and a public engagement co-ordinator.

Gàradh a’ Bhagh a’ Tuath (Northbay Community Garden) £10,000 (over two years) Towards the salary of the manager to enable a community horticultural project for disadvantaged people to become more self-sustaining in the longer term.

Green Alliance Trust £259,545 (over three years) Towards the new post of chief economist.

Green Thing Ltd £20,000 (over one year) Towards the costs of piloting a behaviour change service for employees of large corporations.

26

MAIN FUND GRANTS ENVIRONMENT continued...

The Otesha Project UK £90,000 (over three years) Towards core costs to help consolidate and extend peer-led work around inspiring and supporting young people to live more sustainable and fairer lifestyles, and then lead their own green projects.

The Prospects Foundation £10,000 (over one year) Towards the Local Action, Global Impact programme.

Ulster Wildlife Trust £120,000 (over three years) Towards a new post for the creation of voluntary Marine Protected Areas in Northern Ireland.

The Open University £116,840 (over three years)

Towards the salary of the Floodplain Meadows Partnership project co-ordinator.

Highland Birchwoods £65,292 (over eighteen months) Towards the development and implementation of business models for local community woodfuel supply chains and energy supply companies in Northern Scotland.

Islamic Foundation for Ecology and Environmental Sciences £20,000 (over two years) Towards core costs to assist with the delivery of projects that aim to improve awareness of environmental issues within Muslim communities.

Liverpool YMCA £70,000 (over three years) Towards the salary of a food alliance co-ordinator to oversee a project which will enable homeless people to grow food on disused and under-used sites across Liverpool, which will be given to soup kitchens and homelessness projects.

London Cycling Campaign Ltd £105,000 (over three years) Towards core costs while LCC develops its income generation capacity.

Macduff (Auchtermuchty) Trust £16,420 (over three years) Towards the costs of preserving the biodiversity of a rare piece of common land.

Marine Conservation Society £63,843 (over six months) Towards membership development and research into possible office relocation.

Northern Ireland Environment Link £120,000 (over three years) Towards core costs to represent the needs of its members to decision makers, including the Northern Ireland Assembly.

People’s Trust for Endangered Species £70,000 (over two years) Towards a traditional orchard inventory of Wales.

Scottish Environment LINK £67,500 (over three years) Towards core salary costs.

Small Woods Association £90,000 (over three years) Towards raised awareness of coppicing and to promote its practice as a financially viable woodland- management option across the UK. South Ribble Orchard Project £4,100 (over two years) Towards conserving and promoting traditional northern fruit varieties.

University of Edinburgh £54,800 (over two years) Towards costs of developing guidance on the safe use of biochar.

University of Sussex, LASI: Laboratory of Apiculture & Sustainable Energy Academy Social Insects £78,000 (over one year) £311,262 (over five years) Towards the first phase of the Towards the ongoing work of the Superhomes Programme, Laboratory of Apiculture and ensuring that an environmentally Social Insects, in particular the excellent home open to the public post of honey bee research is within 15 minutes of everyone in facilities manager. the UK by 2020.

Waste Watch The Ashden Awards for £138,582 (over three years) Sustainable Energy Towards costs to establish a UK £25,000 (over eighteen months) focal point to co-ordinate the input Towards the a network of ‘Ashden of UK environmental NGOs and Alumni’ and a series of five environmental interests in the seminars involving award winners British standardisation process, and Esmée Fairbairn grantees. thereby influencing the wider development of EU standards.

The Climate Change Organisation Yorkshire Wildlife Trust £70,000 (over one year) £126,668 (over two years ) Towards the salaries and costs Towards awareness raising work of an electric vehicle adoption around marine life and Marine programme for fleet owners to Protected Areas in the North Sea. promote more rapid adoption of lower environmental Total £3,308,040 impact transport.

No. grants 37 The Land Society Ltd £29,500 (over one year)

Towards non-capital costs of a prototype of a self-build eco house to teach self-builders how to build affordable village homes under Community Land Trusts.

The Open University £116,840 (over three years) Towards the salary of the Floodplain Meadows Partnership project co-ordinator.

27

Plastic Oceans Foundation ÂŁ65,000 (over one year)

The Plastic Oceans Foundation (POF) is a team of scientists, businesspeople, media specialists and film-makers concerned about plastic pollution. While plastic is part of modern daily life, POF campaigns for responsible disposal of plastic waste.

Estimates suggest that worldwide, a million seabirds and over 100,000 marine mammals die from plastic ingestion every year. POF aims to raise awareness with a documentary film. Our support reflects our interest in marine and increasing awareness to encourage behavioural change.

28

sOCIAL CHANGE

MAIN FUND GRANTS continued...

Adoption UK £187,089 (over three years) Towards the salaries of the regional co-ordinator and development manager to build the capacity of local adoption support groups in the UK and develop an accredited adoptive parent support / training qualification.

ADVANCE (Advocacy and Non Violence Community Education) £86,000 (over two years) Towards the salary of the key worker to work with women who are at risk of or are re-offending who receive no statutory support.

Age Concern Camden £93,287 (over three years) Towards the salaries of the co-ordinator and project manager and costs to provide direct services to older lesbian, gay, bisexual and transgender people and to assist them with peer support, campaigning and advocacy.

ALLY Foyle (Active living in later years) £10,000 (over one year) Towards the salary of the project manager for the co-ordination of activities and programmes to increase older people’s well-being.

Asylum Welcome £30,000 (over two years) Towards core costs to support unaccompanied young asylum seekers.

B2B Somali Arts and Education Ltd £20,000 (over two years) Towards salaries for a programme that builds the confidence of unemployed Somali women through arts and crafts.

Bail for Immigration Detainees £120,000 (over three years) Towards the core salary costs of the legal team.

Barbara Melunsky Refugee Youth Agency £90,000 (over three years)

The inclusion, integration and development of young refugees is at the heart of this unique London organisation which supports young people from unsettled or traumatised backgrounds to fulfil their potential. It offers space to share meals, do homework or participate in recreational or arts activities but also supports youth leadership, influences policy makers and challenges the stigma around asylum.

Barking & Dagenham Volunteer Bureau £30,000 (over two years) Towards the recruitment of volunteers who will act as Friendly Neighbours.

Beacon House £11,078 (over two years) Towards a new bridging group that will enable more entrenched, hard to reach homeless clients to engage in support and development services.

Berkshire East & South Bucks Women’s Aid £103,022 (over three years) Towards the development of a male independent domestic violence advocacy service which will include a mapping exercise across the UK to ascertain provision for male victims and development of a national working group to improve standards.

29

Big Issue Invest £25,000 (over four months) To develop an ‘alternative credit index’ for tenants of social housing to give them better access to credit.

Bikeworks £120,000 (over three years) Towards the programme costs of ‘Cycle into Work’, which will provide homeless people with skills in bike repair and customer service that will help them to gain employment in the industry.

Birmingham Open Spaces Forum £30,000 (over two years) Towards support to volunteers managing and improving Birmingham’s open spaces.

Birmingham Voluntary Service Council £63,266 (over two years) Towards the costs of a collaborative programme to reduce re-offending among short term prisoners released into the community.

Birth Companions £60,000 (over three years) Towards core support to maintain and expand Birth Companion’s services, supporting pregnant women and new mothers in prison through each stage of their pregnancy and into early parenthood.

Blurton Community Hub £25,000 (over two years) Towards the salary of a part-time development officer responsible for earned-income generation, until the organisation becomes financially self-reliant.

Bolton Lads’ & Girls’ Club £108,052 (over three years) Towards the LAC Mentoring Scheme for looked-after children aged 10 to 18.

BREAK £120,000 (over three years) Towards the salary costs of a manager and a part-time co-ordinator and an external evaluation of the mentoring and transition programmes.

Bright (Voluntary Sector Communications) £75,000 (over three years) Towards core costs.

Contact A Family £135,000 (over three years)

Towards core costs to support families with disabled children to contribute to policy and speak with a collective voice.

Build Community Development £65,588 (over three years) Towards culturally-sensitive services to young people from ethnic minorities, enabling them to play constructive roles within the wider community.

Centre for Justice Innovation and Effectiveness £450,000 (over three years) Towards core costs of a new Centre for Justice Innovation.

Centre for the Study of Emotion and Law £40,000 (over two years) Towards a research and Care & Repair England dissemination programme to £96,000 (over three years) Towards the costs of a programme improve decision making at to enable older people, particularly immigration tribunals by providing evidence of how trauma effects those who are disadvantaged, the asylum process. on low incomes and living in the Bringing Hope private housing sector to make Charities Evaluation Services £60,000 (over three years) representations to decision £150,000 (over three years) Towards the cost of helping to makers about services Towards revenue costs, including develop and expand the charity and policies. the cost of the senior consultant. and increasing its reach Care Farming West Midlands and impact.

Children of Addicted £119,999 (over two years) Parents and People British Association for Towards the salary of a £15,000 (over three years) Adoption & Fostering development manager and Towards supporting the core £180,000 (over four years) support costs to enable the activities of an organisation Towards the salary of the organisation to become self representing the rights and foster care development sufficient and develop the interests of children affected by consultant and the development capacity to tender on behalf addictions within their family. and dissemination of new of care farm consortia. practice guidance.

Church Urban Fund Carefree Fostering £195,000 (over three years) British Trust for Conservation Independence Cornwall Towards the salary of a Volunteers £60,000 (over three years) development worker who will £39,500 (over two years) Towards the salary of the manager create the capacity of faith based Towards establishing a community and overhead costs to develop organisations and local activists food growing network, which will new ways of working with young to tackle poverty. promote and practically support people in care. community food growing and seek to influence policy on community land use.

Brighton Housing Trust £105,000 (over three years) Towards an intern programme providing workplace experience to former homeless men and women to increase their chances of future employment.

30

MAIN FUND GRANTS SOCIAL CHANGE continued...

Citizenship Foundation £182,556 (over three years) Towards the costs of the senior management team.

City of Sanctuary £60,000 (over three years) Towards core costs to support and develop the national City of Sanctuary movement.

CKUK £128,249 (over three years) Towards the salaries of the director and a part-time development outreach worker and associated costs to develop a new, safe social network site for people with learning difficulties.

Children of Addicted Parents and People £15,000

(over three years) Towards supporting the core activities of an organisation representing the rights and interests of children affected by addictions within their family.

Claremont Project (Islington) £90,000 (over three years) Towards core costs which will enable the charity to develop and disseminate a best practice model of day services for older people called Flourishing Lives.

Clearwater Gypsies £11,389 (over two years) Towards educational outreach project costs to raise awareness about gypsy and traveller culture and to improve understanding between communities.

Colne Open Door Centre Ltd £30,000 (over three years) Towards core costs for a centre offering volunteering opportunities, groups, classes and support for a wide range of people including those with mental health, alcohol and drugs misuse problems.

Community Development Finance Association £15,000 (over one year) Towards a commission into bank disclosure.

Community Food Enterprise Ltd £120,000 (over three years) Towards the salaries of the chief executive and warehouseman, while the organisation works to become self sustaining through sales contracts.

Community Law Advice Network £51,576 (over three years) Towards the salary of a part-time lawyer to lead a dedicated policy unit to improve child law in Scotland.

Community Links Trust Ltd £200,000 (over two years) Towards core funding to help with long term sustainability.

Community Money Advice £82,194 (over three years) Towards the salaries of two part-time operations support managers to enable further expansion in London and Scotland.

Community Resolve £113,339 (over three years) Towards the salary and costs of a senior manager.

Coventry Rape and Sexual Abuse Centre £90,000 (over three years) Towards the provision of specialist support for victims of sexual violence in an area where reporting of sexually oriented crime is substantially higher than the national average.

Crisis £325,000 (over three years) Towards the Skylight Birmingham Community Retailing project, which will provide free Network Ltd accredited training, support to get £82,100 (over three years) employment and inspirational arts Towards support and development activities to homeless and for existing and emerging vulnerable people. community-owned shops in Scotland.

Cutteslowe Community Association Consortium of Lesbian, Gay, £30,000 (over two years) Bisexual & Transgendered Towards core costs.

Voluntary and Community Organisations (LGBT Demos Ltd Consortium) £197,583 (over fourteen months) £60,000 (over two years) Towards a research programme Towards core costs, enabling aimed at the development of a LGBT people facing multiple new multi-dimensional measure discriminations to engage with of poverty. mainstream activities through Developing our Communities specialist networks to give their £56,985 (over two years) communities a greater Towards greater understanding of national voice. cultural diversity of groups in Hull Contact A Family using the medium of food to £135,000 (over three years) create cohesion.

Towards core costs to support families with disabled children to contribute to policy and speak with a collective voice.

Educational Theatre Services Ltd £12,284 (over one year) Towards ‘Ganging Up’ an ambitious participatory touring performance that explores the issue of gangs with young people between the ages of 9 and 13.

Every Disabled Child Matters £50,000 (over one year) Towards the final phase of the Every Disabled Child Matters Campaign which aims to secure long-term sustained investment in services for disabled children.

Female Prisoners Welfare Project/Hibiscus £54,000 (over three years) Towards salaries and running costs of re-integration and resettlement of female offenders.

Fine Cell Work £120,000 (over three years) Towards the salary of a business director to build sales of products made by trained prisoners.

Foresight (North East Lincolnshire) Ltd £30,000 (over two years) Towards core costs for work with people with disabilities in Grimsby and North East Lincolnshire.

ForthSector £115,000 (over three years) Towards salaries and website development costs for three social enterprise firms.

31

Genesis Leeds £60,000 (over three years) Towards the salary of the director to support women involved in prostitution and sexually exploited young people in Leeds.

Getting on Board £75,000 (over three years) Towards core costs to increase the number of skilled professionals becoming charity trustees.

Good Vibrations £60,000 (over three years) Towards core costs to expand its music education work in prisons and secure hospitals, helping people develop crucial life and work skills and increasing their motivation to engage positively with society.

Govan Law Centre £35,725 (over one year) Towards developing the confidence of poorer home owners in Govanhill to tackle significant issues in their community and complement work with tenants and BME communities.

Disability Rights UK £108,500 (over one year)

Disability campaigning and advocacy organisations, Disability Alliance, the National Centre for Independent Living and the Royal Association for Disability Rights have merged to form Disability Rights UK (DRUK). DRUK will represent some 700 disability and other related bodies, working for over two million disabled people and is the UK’s largest user-led, pan-disability organisation. Our support for the merger has helped create a single, influential reference point for policy and decision makers, while delivering cost savings and reducing duplication. The merged organisation is better placed to attract contract work and funding, and to give a stronger voice to disabled people Forward Day Centre Ltd £5,000 (over three months) Towards developing a payment policy to enable their enterprise participants to be self-employed within permitted employment frameworks.

Freedom Road Creative Arts £30,000 (over two years) Towards the salaries of a creative co-ordinator and a part-time volunteer coordinator.

Greenwich Association of Disabled People’s Centre for Independent Living Ltd £72,285 (over three years) Towards the provision of user led hate crime advocacy services for disabled people who live, work or study in Greenwich.

Growing Well £46,123 (over three years) Towards the salary of the manager to expand operations and increase beneficiary numbers.

Gymnation £53,441 (over three years) Towards the salary of the community development co-ordinator.

History & Policy £100,000 (over two years) Towards core costs to improve public policy through better understanding of history.

Full Fact £120,000 (over three years) Towards core costs to keep politicians and other political players honest by checking their claims, rebutting misleading assertions and informing public debate.

HTV Circles £48,000 (over two years) Towards developing a support service for the non-abusing partners and family members of offenders who have been convicted of a sexual offence.

32

MAIN FUND GRANTS SOCIAL CHANGE continued...

Inquest £230,000 (over three years) Towards core costs and the cost of scoping and subsequent casework and policy work related to the deaths of psychiatric patients.

Institute for Public Policy Research £86,000 (over one year) Towards the main phase of the New Era Economics programme, which aims to develop an intellectual foundation and actions for a new progressive economic policy framework.

Institute for Voluntary Action Research £16,000 (over two years) Towards Recession Watch, a realtime learning project for trusts and foundations.

Institute of Criminal Policy Research £71,182 (over one year) Towards research into attitudes towards community engagement in criminal justice in deprived neighbourhoods, and the benefits and risks associated with ‘community justice’.

Institute of Welsh Affairs £90,000 (over three years) Towards the salary of a research officer.

Integration Support Services £20,000 (over two years) Towards support for migrants and refugees in a particular migration hotspot.

International Network of Street Papers (INSP) £10,000 (over one year) Towards a pilot project which will test how a digital street paper can increase sales income, profitability and the earnings of street vendors.

JAN Trust £119,666 (over three years) Towards the ‘Mujboor Project’ to raise awareness on the issue of forced marriages.

Kalayaan £141,167 (over three years) Towards the salary and overhead costs of the community advocate to support disadvantaged migrant domestic workers.

Khulisa UK £60,000 (over two years) Towards a prison and community based Silence the Violence programme, supporting offender rehabilitation and violence reduction.

Kindness In Mind £43,530 (over two years) Towards costs of a project supporting the recovery, personal growth and development of women with mental health concerns and severe and enduring mental illness.

Kingswood Foundation Ltd £60,000 (over three years) Towards the core costs of the Youth 4 Youth project.

Knowsley Carers Centre £30,000 (over two years) Towards the salary of a dedicated worker to assist young carers in the transition period from children’s to adult services.

Lake District Calvert Trust £60,000 (over three years) Towards the salaries of staff working on an outreach programme to help carers and disabled people.

Leap Confronting Conflict £300,000 (over three years) Towards core costs to support conflict resolution and peer mediation work.

LEAVES (Local Enterprise & Vocational Employment Schemes) £21,000 (over two years) Towards the cost of two posts providing support for people progressing towards work from mental illness and developing improved pathways to recovery.

Leeds Christian Community Trust £55,253 (over three years) Towards salary costs of providing legal support to asylum seekers.

Leicestershire Cares £95,535 (over three years) Towards the salary of the project co-ordinator of Flying Fish, which helps young care-leavers access work placements and work-based mentoring.

London Advice Services Alliance £70,000 (over two years) Towards the salary, running costs and overheads.

London Voluntary Service Council £100,000 (over three years) Towards supporting services to London’s voluntary sector in personnel and human resources and to help sustain the project as a social enterprise.

Lift £20,000 (over two years) Towards core costs of a small homelessness charity working with approximately 250 individuals Make Justice Work each year. £120,000 (over three years) Towards the director’s salary and Local Food Links Ltd running costs. £220,000 (over two years) Towards the expansion to the point at which the social enterprise becomes financially self sustaining.

MIND – Middlesbrough & Stockton £112,000 (over two years) Towards the costs of mentoring support for men leaving prison with mental health problems, and helping them settle back into the community.

Money Advice Trust £150,000 (over three years) Towards an Innovation Grants Programme benefiting the money/debt advice sector.

My Time CIC £70,000 (over two years) Towards the development of a social franchise pilot that replicates a successful Birmingham social enterprise that empowers mental health services users through their direct management of their own services.

33

Only Connect £169,477 (over three years)

Towards the costs of an artistic programme for ex-offenders comprising two theatre projects, two film projects and three music projects each year.

National Survivor User Network £166,317 (over three years) Towards developing capacity and expertise to collate policy information and users’ ideas to inform user input into mental health policy.

Netherton Park Community Association £20,000 (over two years) Towards the core costs of running the community centre.

One25 Ltd £80,000 (over three years) Towards core costs to benefit women trapped in street prostitution.

Only Connect £169,477 (over three years) Towards the costs of an artistic programme for ex-offenders comprising two theatre projects, two film projects and three music projects each year.

Our Way £50,110 (over two years) Towards revenue costs of a sex and relationships and alcohol and drugs training programme for people with learning disabilities.

Oxford House in Bethnal Green £50,000 (over two years) Towards core costs as Oxford House develops its new community centre model and moves to greater self sufficiency.

PAMIS/Profound & Multiple Impairment Service £100,000 (over two years) Towards salary and other associated costs to develop tailored support for people with profound and multiple disabilities and their family experiencing bereavement.

Partners in Hope £79,429 (over three years) Towards core costs for a project that will help care leavers in Central London to find sustainable employment.

Peers Early Education Partnership £150,000 (over four years) Towards the salary of a new director to diversify PEEP’s training and run its service throughout Oxfordshire, freeing up the chief executive to focus on further national programme dissemination and infrastructure strengthening.

Pennine Lancashire Community Farm £20,057 (over one year) Towards the salary of a part-time gardener to offer training to young people and adults with learning and physical disabilities.

Pennywell Neighbourhood Centre £27,419 (over three years) Towards core costs.

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MAIN FUND GRANTS SOCIAL CHANGE continued...

Prisoners Abroad £150,000 (over three years) Towards the organisation’s core work of supporting the UK-based families of British prisoners overseas.

Prisoners’ Advice Service £68,000 (over three years) Towards the salary of the managing solicitor to oversee that legal advice provided to prisoners and their families.

Kisharon £45,000

Privacy International £79,108 (over two years) Towards the cost of a communications and education officer to develop a strategy and infrastructure to strengthen privacy protection in the UK.

Reclaim Project £120,000 (over three years) Towards core costs of a leadership and mentoring project that supports vulnerable young people.

Refugee Council £99,698 (over three years) Towards the salary, project costs and overheads of providing employment advice for refugees.

Refugee Radio £50,000 (over three years) Towards core costs to enable a scale up of activities and partnerships across the UK.

(over two years) Towards an adult employment service which finds paid employment for, and offers support to adults with learning disabilities who are entering the workplace.

Platform 51 £150,000 (over three years) Towards the Alcohol Family Intervention Programme, an early intervention project with girls in Knowsley.

Policy Exchange Ltd £62,000 (over six months) Towards research aimed at identifying the factors necessary to break cycles of deprivation in poor neighbourhoods.

Prison Advice and Care Trust £162,526 (over three years) Towards the salary of a business development director to maximise and diversify the charity’s income and enable it to secure its future by working more closely with private sector run prisons and increasing the level of earned income.

Prison Reform Trust £360,742 (over four years) Towards core costs of a charity which works to improve prison regimes and conditions, address the needs of prisoners’ families and promote alternatives to custody.

Lake District Calvert Trust £60,000 (over three years)

Towards the salaries of staff working on an outreach programme to help carers and disabled people.

Refugees In Effective and Active Partnership (REAP) £23,418 (over eighteen months) Towards a programme of work over aimed at promoting positive attitudes towards lesbian, gay and bisexual equality among refugee community organisations.

Revolving Doors Agency £208,047 (over two years) Towards a national influencing and dissemination programme to improve support for people with multiple problems and engage local leaders, commissioners and national policy makers in learning networks.

35

Safer Wales Ltd. £79,374 (over three years) Towards the salary of the chief executive to develop the work of an organisation that delivers training programmes and interventions that address community safety concerns in Cardiff.

Saltbox £90,000 (over three years) Towards the salary of a support worker and costs to help clients break the cycle of re-offending and successfully resettle and integrate into community life.

Scottish Personal Assistant Employers Network £125,000 (over three years) Towards a programme to increase the take-up of self directed service payments by carers in Scotland.

Sheffield Methodist District £30,000 (over three years) Towards the organisation’s costs in building resilience to racist and divisive ideologies, challenging prejudice through dialogue in vulnerable communities and developing media cooperation.

Sheila McKechnie Foundation £25,000 (over one year) Towards a programme of small grants to support grass roots campaigners with administration costs.

Shoreditch Tabernacle Baptist Church £30,000 (over one year) Towards the salary of the project manager and fundraiser.

Siblings Together £66,505 (over three years) Towards the new siblings mentoring project to facilitate strong relationships between siblings in care, complementing existing services which often focus exclusively on individual children.

South West Foundation £99,000 (over three years) Towards a small grants programme benefiting grassroots organisations in rural areas.

Special Olympics Great Britain £90,000 (over three years) Towards the Volunteer Support Programme which aims to strengthen the current volunteer network, increase volunteer participation and ensure their needs and expectations as volunteers are being met.

Splitz Support Service £90,000 (over three years) Towards Men’s Groups – a voluntary engagement programme for perpetrators of domestic abuse, primarily though not exclusively for military personnel and their families.

SS3 £22,275 (over three months) Towards developing three new social enterprises with the potential to grow.

Talking in Tune £21,000 (over three years) Towards running a musical performance group for homeless, ex-homeless and vulnerably housed people which aims to promote awareness of homelessness issues.

Tees Music Alliance £60,000 (over two years) Towards ‘Volunteer Apprentice’ a programme enabling individuals to benefit from a structured programme of accredited training, volunteering experience and industry-specific opportunities.

Thames Valley Partnership £200,000 (over three years) Towards the continuation and enhancement of the Family Matters programme, enabling better support to the families of offenders and joining up services.

The 999 Club and Lady Florence Trust £20,000 (over two years) Towards core costs, to enable people excluded from statutory and voluntary services through their mental needs, addictions and abusive relationships to be engaged with the care they need.

The Aire Centre (Advice on Individual Rights in Europe) £156,700 (over three years) Towards work on the transposition of the European Union Directive on combating trafficking, implementation of the Convention on the Elimination of Violence Against Women and Domestic Violence.

The Albrighton Trust Ltd £20,000 (over two years) Towards core costs to support improvement of the engagement and education provision.

Start-Up Online £135,000 (over three years) Towards core costs to develop the service to ex-offenders wanting to set up their own business.

Staying Put £35,595 (over two years) Towards a new programme of support for women and children who are new to Bradford in order to help them to deal with domestic violence.

Student Hubs £20,000 (over one year) Towards the establishment of an incubation space for social entrepreneurs.

Survive £30,000 (over two years) Towards a pilot which extends their group work to younger women who have different needs Single Parent Action Network and vulnerabilities. £69,302 (over two years) Take One Action Film Towards the salary and costs of Festivals the director of the Virtual Learning £30,000 (over two years) Centre that will support face-toTowards the salary of a face and virtual learning programme assistant to enable environments for single parent capacity development within an study groups across the country. organisation using films to inspire and catalyse more effective Social Finance Ltd £30,000 (over eighteen months) responses to global concerns and helping to build Towards feasibility funding for a community cohesion. social investor advisory pilot.

South West Foundation £99,000 (over three years)

Towards a small grants programme benefiting grassroots organisations in rural areas.

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MAIN FUND GRANTS SOCIAL CHANGE continued...

The Alternatives to Violence Project £28,450 (over one year) Towards core costs to expand the alternatives to violence workshops.

The Chancellor, Masters and Scholars of the University of Oxford £12,500 (over one year) Towards ‘Sentencing the Crisis: Where do the Public Stand?’.

The FAN Charity £10,000 (over two years) Towards forging supportive links in and between communities through hosting neighbourhood gatherings.

The Gemini Project £30,000 (over three years) Towards salary costs for the only refuge service in the UK for couples fleeing honour based violence.

The Baring Foundation £100,000 (over one year) Towards a partnership programme that will support specialist advice centres to restructure their services in order to remain sustainable.

The Clore Social Leadership Programme £30,000 (over one year) Towards the cost of piloting a series of workshops aimed at improving the business capability of Clore Social Fellows.

The Kendal Brewery Arts Centre Trust Ltd £15,000 (over one year) Towards the cost of offering arts activities to isolated young carers and other excluded and vulnerable groups of young people.

The Centre for Innovation in Voluntary Action £30,000 (over two years) Towards the cost of the Covent Garden Innovation Lab, which will bring together clusters of social entrepreneurs as a resource for developing creative solutions to social problems.

The Comfrey Project £60,000 (over three years) Towards core costs of a project supporting asylum seekers and refugees through horticulture and groups support.

The Football League Trust £259,000 (over three years) Towards the continuation of the ‘On Target’ project, using the power of football league clubs to engage young people in seven of the most disadvantaged areas in England.

The Fostering Network £900,000 (over four years) Towards a demonstration programme that will use the Head, Hands and Heart approach to bringing up children in foster care.

The Mental Health Foundation £176,860 (over three years) Towards a research project to document and analyse experiences of harassment and victimisation of people with learning difficulties.

Valleys Kids £75,000 (over three years)

Starting life from the coal cellar of a probation office, award-winning Valleys Kids is one of Wales’ best known community development and arts organisations. It helps over 3,700 children and young people and 1,200 adults a year to participate in their communities.

Activities include drama programmes engaging those not in employment, education or training. They also run a number of programmes for parents, school pupils and toddlers while providing high-quality information and advice to the wider community. This user-led organisation fills a significant gap – Rhondda Cynon Taff, where it is based, has the worst record in Wales of regular drinking among 13-16-year-olds – but Valleys Kids is so successful, its activities are often oversubscribed.

37

The Open Trust £28,003 (over one year) Towards a project to enable a number of Esmée’s grantees to engage in debate around policy areas using the online platform of open Democracy.

The Oxford Muse £21,000 (over one year) Towards pilot screenings of the Neighbourhood Cinema Project in Lewisham.

The Rural Media Company £73,917 (over two years) Towards the salary of a part-time marketing and development co-ordinator to help the Travellers’ Times become less grant dependent.

The Sheena Amos Youth Trust £59,846 (over two years) Towards delivery of the Side by Side project on LGBT awareness among young people in Sheffield.

The Small Charities Coalition £150,000 (over three years) Towards core cost of a charity which provides a support network and voice for charities and voluntary organisations with annual incomes of under £1m.

Working With Men £160,522 (over three years) Towards the project costs of the Father Development Programme.

The Social Market Foundation £43,550 (over seven months) Towards investigating new ways of supporting parents with childcare costs, particularly a loan fund.

The Trussell Trust £20,000 (over two years) Towards the salary of the regional development officer for London, to expand the Food Bank Project.

Thomas Coram Foundation for Children £355,000 (over five years) Towards the work of the policy and research team.

UK Feminista £30,000 (over two years) Towards a national activist network consisting of local groups and regional organisers, that will enable women and men to campaign for gender equality.

User Voice £212,400 (over three years) Towards the salary of the volunteering co-ordinator and project costs to properly support the ex-offender volunteers who connect service users to decision makers in the criminal justice system.

Vision 21 Cyfle Cymru Tree of Life Centre, £50,000 (over three years) Wythenshawe Towards project costs that will £56,137 (over three years) support adults with borderline Towards the salary of the business learning difficulties to access a development director. specialist, accredited training and mentoring course.

Turning the Red Lights Green Ltd Voluntary Action £72,000 (over three years) Stoke on Trent Towards the Health for Life £81,009 (over three years) programme, a volunteer supported Towards a low cost community programme assisting recovery accountancy service until it can from poor mental health, whilst become financially self sustaining diversifying income streams. through sales.

UK Drug Policy Commission Volunteer Centre Tameside £17,500 (over five months) £109,125 (over two years) Towards a scoping study to Towards a programme of work develop a national initiative and with organisations to promote concerted action programme to good practice when recruiting tackle stigma and discrimination ex-offenders as volunteers. towards drug users.

Why Me? £30,000 (over three years) Towards core costs to ensure the voice of the victim is included in debate around restorative justice and to improve the provision of restorative justice for victims around the UK. Women Acting in Today’s Society £45,300 (over two years) Towards the costs of a service to assist female prisoners to re-integrate within communities in Birmingham.

WomenCentre Calderdale & Kirklees £100,550 (over two years) Towards maintaining and developing the existing Evolve model of good practice for vulnerable women who offend and those at risk of offending.

Women’s Support Network £79,147 (over three years) Towards the salaries of the project coordinator and women centres’ support workers.

Working Families £190,319 (over three years) Towards policy and research activities especially parliamentary and research and information officer salary costs.

Working With Men £160,522 (over three years) Towards the project costs of the Father Development Programme.

Worldwide Volunteering for Young People £100,000 (over two years) Towards developing financial sustainability through providing commercial volunteering-related services to companies and extending the service to new customer groups.

XLP £120,000 (over three years) Towards core costs for XLP’s work alleviating gang involvement in South-east London.

Young Dementia UK £98,831 (over three years) Towards the continuation and development of the Family Service enabling families caring for a younger person with dementia to live life well.

Total £16,632,608 No. grants 184

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Other Funds In addition to the Main Fund, Esmée Fairbairn Foundation also allocates funds to specific areas of work for a fixed period. These will change over time to reflect issues that we care about or sectors where we think opportunities might arise. The Foundation also runs a Finance Fund that explores alternatives to grant finance.

These specific areas of work are currently: Food Strand – aims to promote an understanding of the important role food plays in contributing to quality of life. It looks to support work that prioritises the enjoyment and experience of food. We seek to enable as many people in the UK as possible to access, prepare and eat nutritious, sustainable food. See page 39.

Strands that closed in early 2011 Biodiversity – aimed to help develop a greater knowledge and understanding of certain habitats and their associated species, leading to practical conservation outcomes. See page 46.

Museum and Heritage Collections – focused on time-limited collections work Development Fund – funds put aside to including research, documentation and test out new ideas including for example conservation that was outside the scope the Northern Ireland Development Fund. of an organisation’s core resources.

The Development Fund is incorporated See page 46. within the Main Fund from 2012.

New Approaches to Learning – looked See page 41. to fund work that supports devising, testing Esmée Fairbairn Collections Fund and disseminating new approaches to – run by the Museums Association, the teaching and learning that address current focus is on time-limited collections work, and future challenges in state schools and outside the scope of an organisation’s core pre-schools. See page 46. resources. See page 42.

Finance Fund – aims to complement the Foundation’s grant-making with loans and other investments in charities and social enterprises, particularly in our four funding sectors. By providing money in this way, the Foundation will share the risk and return of the investment. As part of the return on our investment, the Foundation hopes to help prove a new model for funding the sector: increasing capacity, building balance sheets and proving that our funding can be recycled. See page 44.

Food STRAND

39

Behaviour Change ÂŁ113,278 (over two years)

Social enterprise, Behaviour Change, works with government, business and civil society to make it easier for people to live sustainable lives. In 2009 they launched the Eat Seasonably campaign, which reconnects people to food and a more sustainable food system, illustrating the financial savings, health, wellbeing and environmental benefits

of seasonal fruit and vegetables. Our grant funds the Nine Meals project, which aims to help UK families incorporate a more varied repertoire of vegetables into their everyday meals. Research shows that 90% of families shop and cook by habit within a small repertoire of nine meals. The programme is being delivered in collaboration with major food interests from the retail, catering and charity sectors.

40

OTHER FUNDS FOOD continued...

Food From The Sky Ltd £33,450 (over two years)

A pioneering permaculture food growing and educational initiative on the roof top of a supermarket in Crouch End, North London. The vision of Food from the Sky is ‘To grow Life, Food and Community in our most cemented places and to bring the heart back in our supermarkets!’ Food from the Sky is about inspiring and growing a healthy and sustainable relationship with food in cities and with supermarkets.

It does this through food growing on roofs and running educational programmes for individuals, schools, supermarket’s team members and organisations.

By establishing an alternative approach to food production and consumption, it intends to build a 12 steps template that can be easily used by other community groups, supermarkets and organisations.

Garden Organic £12,765

(over four months) Towards the costs of the One Pot Pledge initiative.

Centre for Experimental Social Sciences – Nuffield College £37,000 (over two years) Towards a study of the effectiveness of short-term incentive schemes targeted at improving nutritional choices in primary schools.

Compassion in World Farming Trust £150,000 (over three years) Towards the cost of the Food Business Programme, offering consultancy to food companies to improve their animal welfare policies.

Council for the Homeless (Northern Ireland) £90,000 (over three years) Towards the costs of developing a FareShare Food Network in Northern Ireland.

Creation Development Trust £47,000 (over one year) Towards the establishment of a community food retail outlet in an isolated ex-mining valley in South Wales.

Food Cycle £141,000 (over three years) Towards the salaries of two core staff posts to enable the continuation of the community hubs and community cafe programme.

Food Ethics Council £230,000 (over four years) Towards core costs.

From the Ground Up £5,000 (over one year) Towards the development of an online customer and supplier ordering system.

Sustain £219,999 (over three years) Towards a major campaign concerning improvements to food in hospitals.

Garden Organic £12,765 (over four months) Towards the costs of the One Pot Pledge initiative.

The Ecology Trust £5,000 (over one year) Towards a detailed study of civil society work on food issues, in collaboration with four other major food funders.

Good Food Matters £46,482 (over two years) Towards a Community Food Learning Centre that will enhance understanding and enjoyment of food whilst promoting sustainable food and contributing to community cohesion.

Plunkett Foundation £45,000 (over two years) Towards the development of three collaborative purchasing schemes, involving clusters of six community-owned village shops.

Preston Hall Museum / Stockton-on-Tees Borough Council £15,000 (over two years) Towards ‘Food, Flavour, Feast’ which will deliver a programme of activities focusing on the tradition, variety and fun in food.

Soil Association £98,191 (over eighteen months) Towards the promotion of a stronger sustainable food movement in Northern Ireland.

St Chad’s Community Project £7,500 (over one year) Towards the cost of cookery courses and an evaluation study in Gateshead.

The Kindling Trust £50,000 (over two years) Towards core funding to enable the organisation to run a number of projects to strengthen Manchester’s fledgling sustainable food system.

The London Orchard Project Ltd £75,000 (over three years) Towards the salary of a part-time chief executive.

University of Edinburgh £159,622 (over two years) Towards the Food Dragons Project harnessing the popular appeal of the television show Dragon’s Den to engage citizens with scientists in improving research around healthy eating and agro-ecology.

Total £1,581,287 No. grants 20

Development fund

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Northern Ireland Development Fund Working with The Henry Smith Charity, the Fund recognises the need to nurture civil society leadership in Northern Ireland as part of contributing to a new, vibrant society. Following an encouraging pilot in 2008/9 there have been two further annual funding rounds. As well as grants, we have invested time in helping leaders take up opportunities to collaborate and create alliances across sector lines. In 2011 the Foundation’s contribution to the fund was £417,025. Grants made through the Fund in 2011: Disability Action £123,515 (over three years) Towards the salary and costs of a trainee marketing officer, and a contribution to overheads, research on public attitudes , training and other project related expenditure.

Forum For Alternative Belfast £289,820 (over four years) Towards the salary of two co-directors and a new administrator to mediate between civil society and government to implement change to the built environment which favours the needs of local communities and encourages people to use space in a more civic manner.

Oh Yeah Music £150,894

(over three years) Towards the salary contributions and costs of the chief executive and general manager along with related overheads and programme expenditure to build Oh Yeah Music’s longer term sustainability.

Northern Ireland Alternatives £179,836 (over three years) Towards the salaries and costs of an operations manager and part-time administrator to disseminate restorative justice models, influence government, consolidate the peace process, and to build longer term sustainability.

Henry Smith Charity £417,025 Towards supporting a strong and resilient voluntary sector in Northern Ireland Nuffield Foundation £5,000 (over one year) Towards a study into the governance and management of endowments.

Somerset House Trust £7,000 (over one year) Towards the National Arts Strategies’ London pilot of alternative ways to approach fundraising.

Total £429,025 No. grants 3

Youth Action Northern Ireland £89,985 (over three years) Towards the costs of a political engagement project for young people.

Total £834,050 No. grants 5

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OTHER FUNDS continued...

Esmée Fairbairn Collections Fund We made a Main Fund grant of £2,540,000 over three years to the Museums Association to run the Esmée Fairbairn Collections Fund. The fund focuses on time-limited collections work outside the scope of an organisation’s core resource.

Abingdon County Hall Museum £23,346 (over one year) To conserve, and develop the display and interpretation of, a mid-sixteenth-century tempera on parchment map of the Thames.

Barnsley MBC Arts and Museums £62,400 (over two years) To research and develop use of Barnsley’s archaeological collections to allow research of the collection in partnership with Sheffield University and add to skills sharing across the region for caring for archaeology collections.

Creswell Heritage Trust £49,857 (over two years) Creswell Crags is an Ice Age site that has been the focus of excavation work since the 1870s with the result that many of the objects excavated are spread across 40 different museum departments worldwide.

This project seeks to create a searchable web portal for the Creswell Crags collection and archive.

Horniman Museum and Gardens £50,450 (over one year) To review the museum’s natural history collections. Subject specialists and enthusiast groups will be brought together to identify and find significant specimens during a series of bioblitz workshops.

Kirklees Museums and Galleries, and partners £72,768 (over eighteen months) With Calderdale Museums, Wakefield Museums, Bradford Museums and Galleries, and Leeds Museums and Galleries were jointly awarded £72,768 to review and reinterpret the textile collections of the partner museum services and to create the West Yorkshire Textile Heritage Trail.

Middlesbrough Institute of Modern Art (Mima) £68,912 (over one year) A project to put their fine and applied art collection online in order to facilitate loans. The project will recruit a registrar and conservator who will seek to create a business model for corporate loans and a conservation service that could be used by museums and artists in the region.

Museum nan Eilean £85,000 (over two years) To research the Udal archaeological collections and investigate potential for an Archaeological Resource Centre on North Uist.

Museum of English Rural Life £81,702 (over two years) For ‘A Sense of Place’ a project to use collections information to build a series of innovative interpretive tools for use in the galleries and online. The aim is to turn the traditional museum catalogue into a more flexible and interactive resource.

Museum of the Manchester Regiment £53,031 (over two years) For ‘Man behind the medal’ a project to research the stories behind the medals on display.

The stories will be brought to the public through new displays and a series of events.

Paxton House £56,700 (over one year) For ‘Threads of Power’ a project which will conserve, research and develop the use of a unique 18th century costume collection.

Pitt Rivers Museum £78,212 (over one year) For ‘Reel to Real’ a project to digitise the Museum’s 20th sound collection which ranges from British children’s songs to the sound of earth bows being used in the rainforests of central Africa.

The project will work in partnership with the British Library and Oxford e-research centre and will find new uses for the collection to enhance visitor experience of galleries and museum events.

Social History Curators Group £26,000 (over one year) To create a new and improved version of firstBASE, a webbased resource for all staff working with social history collections.

National Media Museum £78,800 (over two years) To research and develop the use of the Ray Harryhausen Collection.

Total £787,178 No. grants 13

Task fund grants list

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Action for Prisoners’ Families £2,000 Almeida Theatre Company Ltd £10,000 Arts for All £3,000 Association for Research into Stammering in Childhood £2,500 Beaminster Festival of Music and the Arts £2,000 Benjamin Franklin House £3,000 Bloomtrigger CIC £1,000 Bowel and Cancer Research £5,000 Brecon Cathedral Choir Trust £10,000 Bridport Area Development Trust £3,500 Bridport Arts Centre £15,000 Bryanston School £5,000 Carr Gomm £10,000 CCHF All About Kids £10,000 Chapel Street £10,000 Chapter House Museum Trust £10,000 Charleston Trust £15,000 Crisis £10,000

Cyprus Well £15,000 Daedalus Trust £15,000 Death Penalty Project Charitable Trust £10,000 Devon and Cornwall Autistic Community Trust £15,000 English National Opera £10,000 English National Opera £10,000 English Stage Company Ltd £5,000 Epilepsy Association of Scotland £10,000 European Squirrel Initiative £7,000 Fairbridge £10,000 Frinsted Village Hall £5,000 Garsington Opera Ltd £15,000 Global Heritage Fund £6,000 Glyndebourne Productions Ltd £10,000 Hampstead Theatre £5,000 Henry Fawcett Fund £15,000 Home-Start Northern Ireland £10,000 Home-Start North Dorset £10,000 Home-Start Perth £2,500 Hornimans Adventure Playground £1,000 Institute for Philanthropy £5,000 International Medical Education Trust 2000 £15,000 Jubilee Opera Trust £15,000 KEEN (Kids Enjoy Exercise Now) £5,000 Kids Company £15,000 Kids Love Lambeth £7,000 Kidscape £15,000 King’s College £4,500 Live Music Now £3,000 Ludus Baroque £5,000 Marie Curie Cancer Care £5,000 Meanwhile Gardens Community Association £1,000 Milstead School PTA £4,000 Nordoff-Robbins Music Therapy £5,000

Opera Unlimited Foundation £8,000 Oxfam UK £2,000 Oxford Bach Choir Support Trust £10,000 Oxford Oratory £6,000 Partners in Hope £10,000 Pilotlight £15,000 Pushkin Prizes in Scotland £15,000 Recovery Road Wellness Project £5,000 Rochester Cathedral Trust £7,000 Salisbury Cathedral £5,000 Salisbury Cathedral £15,000 Salusbury WORLD £15,000 Shakespeare Globe Trust £3,000 Sir John Soane’s Museum £5,000 Society of Voluntary Associates/ SOVA £2,500 Southbank Centre £15,000 Southbank Sinfonia £5,000 Southbank Sinfonia £5,000 St Alfege Church, Greenwich £10,000 St Elizabeth Hospice (Suffolk) £7,500 St James’s Conservation Trust £5,000 St John’s College, Cambridge £15,000 St Mary Abbot’s School £15,000 Switchback £5,000 Switchback £15,000 The Alternative Theatre Company £1,000 The Amber Foundation £10,000 The Aquila Trust £10,000 The Art Room (Oxford) £15,000 The Attingham Trust £15,000 The Borders Talking Newspaper £15,000 The Centre for Search Research £5,000 The Charlie Waller Memorial Trust £5,000 The Choir with No Name £10,000 The Countess of Munster Musical Trust £15,000

The Country Trust £7,000 The Holfords of Westonbirt Trust £5,000 The Landmark Trust £10,000 The Leander Trust £15,000 The Memorial Arts Charity £7,500 The Nash Concert Society Trust £10,000 The Nicholas Boas Charitable Trust £5,000 The Playground Studio £5,000 The Pushkin Trust £12,000 The Royal Choral Society £10,000 The Royal Horticultural Society £12,500 The Royal Horticultural Society £7,500 The Second Chance Children’s Charity £5,000 The Southern Spinal Injuries Trust £4,000 The Summer Music Society of Dorset £4,500 The Tunnell Trust £10,000 The Video College £7,000 Theberton and Eastbridge Community Council £5,000 Transformation Trust £10,000 Tricycle Theatre Company Ltd £10,000 University of Cambridge Centre for Gender Studies £10,000 University of Exeter £7,000 University of Oxford £10,000 Videre Est Credere £5,000 Videre Est Credere £5,000 Vocal Futures £15,000 War Memorials Trust £6,000 Winston’s Wish £2,000 Winston’s Wish £1,000 Woodford Valley Primary School £3,000 World Book Night £10,000 Young Persons Concert Foundation Ltd £5,000 Total £981,000 No. grants 119

44

FINANCE FUND

OTHER FUNDS continued...

In 2008 we launched the £21 million Finance Fund to make investments that combine a social and financial impact.

It has three broad objectives. The first is to make our money work harder (because the funds can be recycled).

The second objective is to support the development of new sources of funds for the voluntary sector by attracting investment finance even though it may achieve lower rates of return than more conventional investments. Our third objective is to help grow and support this fledgling market in keeping with our interest in the sustainability of the voluntary sector and our commitment to taking risks.

These three objectives have resulted in our current portfolio. The Finance Fund has 28 investments, representing £8.0 million of funds drawn-down and another £9.3 million in commitments made that have not yet drawn down. Our investments include indirect investments made via intermediaries such as Bridges Ventures and Big Issue Invest, plus a mix of direct investments to charities and social enterprises.

We think of our Finance Fund activities as ‘social impact first’. Therefore ‘mission’ is primary in our decision-making. However, they are also investments and so we look for some financial return. The Finance Fund is overseen by a panel, drawing on both grant-making and investment experience.

This unique space means we consider our Finance Fund investments on their own terms rather than considering them alongside grants or mainstream investments.

Over the last few years the pace of growth in the social investment sector has increased and we are now beginning to see some of the infrastructure needed for the sector to work well. A range of intermediary funds and fund managers now exist to manage and channel a flow of funds to the sector, and new players such as Big Society Capital are beginning to have an impact. Advisory services and market exchange opportunities are also emerging.

These aim to help charities and social

Bristol Together £550,000 (over five years)

The socially-excluded face huge barriers in finding employment.

Community Interest Company Bristol Together aims to create skills training and employment for ex-offenders. Managed by an experienced foreman, the exoffenders renovate derelict Bristol properties that are later sold on the open market. After their training, Bristol Together’s employees are guaranteed an interview with a large commercial construction company.

Combining financial return with the social benefits of job creation and reduced re-offending, the scheme aims to move 200 people into employment over five years.

enterprises that seek funds to structure their requests and think about what taking repayable funds means to them. Brand name charities such as Scope and Oxfam are coming forward to raise social investment, bringing new profile and strong organisations to what has historically been an innovative but fragile sector. We also see increased interest from our fellow trusts and foundations, with established players in this space joined by a range of others.

We are looking to review our impact, performance and the strategic direction of the Fund in the course of the coming year with an eye to where our funds might best be employed in this increasingly dynamic area of our work.

45

Committed in 2011 Berkshire, Buckinghamshire & Oxfordshire Wildlife Trust £825,000 (over twenty two months) Towards the purchase of floodplain meadows.

Big Issue Invest £115,000 (over seven years) Towards the development of an exchange traded investment trust for high social and environmental impact private companies.

Buzzbnk £30,000 (over five years) Towards financing for Buzzbnk’s growth and development.

Community Housing Cymru / Cartrefi Cymunedol Cymru £200,000 (over five years) Towards a loan guarantee for a project led by housing associations in Wales aiming to address energy poverty among tenants by installing rooftop solar panels.

Connexions Merseyside £500,000 (over three years) Investment in the Department for Work and Pension’s Innovation Fund proposal from Connexions Merseyside in partnership with Triodos Bank.

Cooperative and Community Finance £500,000 (over three years) Towards the Cooperative share Communities for Renewables underwriting facility. £300,000 (over four years) Dash Arts Towards community energy £35,000 (over two years) renewable projects in the South Towards an investment in West of England.

‘1001 Nights’.

Ethex Investment Club Ltd £75,000 (over ten years) Towards the second stage development costs of Ethex.

Finance South East £500,000 (over one year) Towards a seed investment into the Community Generation Fund.

Resonance / Community Land and Finance £500,000 (over seven years) Towards the Community Share Issue Underwriters’ Club.

Shaftesbury Partnership £200,000 (over five years) Towards franchising existing successful franchise businesses to long term unemployed.

Social Investment Scotland £750,000 (over ten years) Towards an £8m mezzanine fund for community renewable energy, to finance projects over the next 10 years.

Social Venture Management GmbH £430,000 (over ten years) Towards the pan-European Social Venture Fund.

Total £5,510,000 No. investments 15

46

Closed Strands

OTHER FUNDS continued...

Biodiversity Field Studies Council £15,073 (over one year) Towards training volunteers as biological recorders of groups of difficult invertebrates.

Heriot-Watt University £89,976 (over three years) Towards development costs of practical and effective techniques to enhance the regeneration and reinstatement of marine biogenic reefs in tide swept coastal environments.

Plantlife International The Wild-Plant Conservation Charity £81,683 (over three years) Towards a project to save the UK’s most threatened coastal dune plant species and to establish a new best practice approach for dune management.

Queen’s University Belfast £20,000 (over five months) Towards research to tackle the invasive freshwater PontoCaspian ‘Killer Shrimp’, Dikerogammarus villosus.

Total £206,732 No. grants 4

Museum and Heritage Collections

New Approaches to Learning

Courtauld Institute of Art Fund £90,772 (over eighteen months) Towards a project to catalogue and digitise the print collection.

Paul Hamlyn Foundation £58,500 (over two years) Towards project costs to improve the consistency and continuity of teaching and learning in music for pupils transferring from primary to secondary school.

Doncaster Museum Service DMBC £82,785 (over eighteen months) Towards a project to review, document, conserve and re-pack the Paleontological Collection.

Heriot-Watt University £48,552 (over two years) Towards the conservation and digital photography of key pieces from the Donald Brothers Collection of furnishing fabrics.

LUX £15,000 (over one year) Towards a feasibility study for the stabilisation and provision of public access to the collection.

National Maritime Museum £64,540 (over two years) Towards the salary of a specialist drawings conservator to work on the museum’s collection of Van De Velde master drawings.

Oxford University Museum of Natural History £31,704 (over one year) Towards a project to create a website for identifying decorative stone, based on the Corsi Collection.

Sheffield Hallam University £55,000 (over one year) Towards a programme that will explore ideas for motivating school pupils towards careers in engineering, based on a unique mix of curriculum and extracurricular activities and teacher training.

The Royal Society for the Encouragement of Arts, Manufactures & Commerce £124,190 (over two years) Towards project costs for a programme based in Peterborough that seeks to explore and evaluate the impact of a school curriculum based on the local area.

University of Edinburgh £47,126 (over two years) Towards project costs to improve the quality and availability of outdoor learning experiences for primary school children through research and engagement with teachers and policy-makers.

University of Oxford £72,458 (over two years) Peak District Mining Museum Towards project costs to create and evaluate a structured £20,115 (over three years) intervention programme for Towards the salary of a parents to help them support their documentation assistant to children’s transition to school. create a digital database of the collection.

The Auchindrain Trust £15,000 (over one year) Towards the salaries of project staff to undertake documentation of the object and building collections.

Total £368,468 No. grants 8

Total £357,274 No. grants 5

47

Chairman’s Statement Reaching our fiftieth birthday in 2011 presented an opportunity both to reflect on the past and to plan for the future.

We did some of each during the year, celebrating our birthday with a series of special gifts, while at the same time looking at the challenges that may confront us in the first years of our second half-century.

Our special birthday gifts amounted to £5 million and we spent a total of £39.6million, more on regular grants than at any time in the Foundation’s history. This seems entirely right, even after an unusually difficult year in investment markets, given the UK faces such harsh economic times and the demands are so great on the organisations that we support.

This illustrates well the conundrum that the community’s need for philanthropic support and stimulation is greatest at precisely the time that investment returns may be lowest. We continue to work, therefore, both to strengthen our investment capability and performance and to make our spending as effective as possible.

In September, Nicola Pollock left us after ten years at the Foundation to become Director of the John Ellerman Foundation. We warmly thank her for her work and the important role she played in helping shape our grant-making so effectively over the last decade. Clare Kinnersley left towards the end of the year, after three successful years as Finance Manager, and we wish her well for the future.

Thanks are also due to Alex Beard, who stepped down after three years as an external member of our Finance Fund Panel, for his contribution to the encouraging development of our social investment programme; we welcome James Wardlaw who joins the Panel in his place. We are very pleased also that Edward Bonham-Carter has agreed to join the Foundation’s Investment Committee.

I am delighted to be able to say that the Trustees have appointed James Hughes-Hallett, who has been a Trustee since 2005, as the next Chairman of the Foundation, with effect from June 2013.

So much of what the Foundation can achieve derives from the vibrant interaction between the Trustees, to whom Sir David Bell, John Fairbairn and Sir Jonathan Phillips were added during the year, and the Executive team. I would like to thank everyone for their great commitment and efforts in making our fiftieth birthday year so productive and memorable.

Tom Chandos Chairman

48

Financial Review Financial Policies

Spend Review

Esmée Fairbairn Foundation’s finance and investment policies are intended to provide long-term stability and liquidity sufficient for the financing of the Foundation’s on-going spend and to maintain the real value of the endowment whilst preserving its purchasing power over time.

During 2011 the Foundation spent £42.8 million (2010: £32.8 million) on grant-making, operations and programme related investment activities and draw-downs, an increase of 30.5% on the previous year.

The Foundation has an Investment Policy Statement that sets out the long-term investment objective, risk profile, strategic asset allocation and investment restrictions. This is reviewed annually.

The Foundation aims to avoid, where possible, investments which have or are likely to have significant exposure for a sustained period to a type of business which potentially conflicts with the Foundation’s charitable activities.

Our budgets are prepared on a three year rolling basis.

Budgeted spend targets are set by reference to the average value of the investment portfolio over the preceding five years.

Spend targets may be over or under-spent in an individual year in a controlled manner. The Foundation’s operations, support and governance spend is set by reference to average total spend levels over the preceding five years to ensure it remains reasonable and proportionate.

The Foundation currently aims to spend approximately 4% of the investment portfolio’s average value over the preceding five years.

During 2011 the Foundation spent close to target at 4.5% (2010: 3.9%), excluding 50th birthday gifts.

Grant-making spend for the year was £39.6 million (2010: £27.9 million) of which £5 million is accounted for by our special 50th birthday gifts. This is an increase of 42% from 2010 levels, or 24% excluding the birthday gifts. We expect 2012 core grant-making to be at a similar level i.e. about £34 million.

Support and governance spend remained stable at just over £2 million or 5.1% (2010: 6.1%) of our core spend well within our target of 7%.

Programme related investments made during the year amounted to £1.1 million (2010: £3.0 million). At the end of the year the Foundation held programme related investments, made via the Finance Fund, of £8.0 million (2010: £7.5 million), a further £2.1 million (2010: £1.7 million) being committed but not drawn-down.

The fund continues to grow, albeit at a slower draw-down rate than originally anticipated. The target total commitment level of the fund is £21 million.

49

Investment Review The market value of the Foundation’s investments at the end of 2011 was £804.5 million (2010: £872.1 million).

The portfolio’s annual total return of -3.5% (2010: +10.2%) underperformed the Foundation’s long-term investment objective by -12.5% (2010: +1.2%).

2011 was a year of consolidation for the Foundation’s investment portfolio. Having carried out a comprehensive strategy review and portfolio restructuring in 2010, we made very few investment changes in 2011. The Foundation’s current strategic asset allocation reflects a total return objective without specific focus on income generating investments. Our approach means that we consider all sources of return, including interest, dividends, capital distributions from funds, and realised and unrealised gains and losses. Income alone would not usually meet all of our future spending needs.

The portfolio ended the year close to its revised strategic asset allocation targets and had the following asset class positioning at the end of December:

Asset Class

2011 2010 Change % % %

Equity investments Multi-asset investments Alternative investments Investment cash Other investment balances Derivative financial instruments

23.9 31.2 40.4 4.4 0.1 0.0

Total

26.4 (2.5) 30.6 0.6 32.0 8.4 6.8 (2.4) 4.3 (4.2) (-0.1) 0.1

100.0 100.0

The Foundation’s investment activity during the year was limited and focused primarily on the following key areas: • growth of our alternative investments, which was driven by the continuing growth and diversification of the portfolio’s private equity and venture capital investments • reduction of our investment cash which has funded ongoing charitable spending and alternative investment growth • reduction of our derivatives allocation following a decision to stop hedging part of our currency exposure back to sterling and move to a more diversified currency allocation.

Apart from these changes, the year-on-year variation in asset class allocation resulted from relative valuation movements, as opposed to active investment changes. Macroeconomic and political forces played a key role in the financial markets in 2011 catalysing another challenging and volatile year for investors.

The Foundation’s diversified asset allocation and manager selection reduced the portfolio’s volatility during the year and softened the impact of the sharp equity market sell-offs. The portfolio maintained flat to positive performance in the first half of 2011 but lost some of its value in the second part of the year. More specifically, the Foundation experienced an almost direct reversal of its 2010 performance and saw most of its assets lose value with its significant allocation to public emerging market equities and currencies detracting the most from performance.

On the positive side, the Foundation’s exposure to venture capital investments, as well as the hedges against extreme market events, gold and the index-linked bond holdings in the underlying portfolio of its managers, contributed positively to portfolio performance during the year. Nevertheless, while the portfolio as a whole outperformed the broader public equity markets, it remained in negative territory at year-end failing to keep up with its long-term investment objective of UK RPI + 4% over the course of the year.

50

INVESTMENT REVIEW continued...

The 2011 year-end value of the endowment was below the 2010 year-end figure and the investment portfolio continues to remain below its 2007 peak. Portfolio performance and valuations over the five-year period ending 31 December 2011 were as follows:

At 31 December 2011: Portfolio value = £804.5m Performance Fund Benchmark Relative (3.5%) 6.2% 0.8%

9.0% 8.1% 7.5%

(12.5%) (1.9%) (6.7%) 1100

Portfolio performance (starting 1 January 2007)

260

1050

240

1000

220

950

200

900

180

850 800

160

750

140

700

120

650 600

100 80

Portfolio value (£m)

1 year (ann.)

3 years (ann.)

5 years (ann.)

550 1 Jan 07

31 Dec 07 31 Dec 08 31 Dec 09

Portfolio Value

Portfolio Performance

Looking back on a five year annualised basis, the performance of the portfolio has fallen short of the long-term investment objective of UK RPI +4% over rolling five year periods due in part to the 2008 financial crisis and in part to the equity market sell off in 2011. The lessons learned from the 2008 market experience led us to rethink our investment approach and restructure our portfolio in 2010. However it is still early days for the new investment strategy and it is too soon to draw conclusions about its long-term success.

The market outlook for the next few years continues to be uncertain, but we trust that our revised strategic asset allocation, our manager choice and our improved due diligence process and operations will all strengthen the portfolio’s ability to respond to future market uncertainty and volatility and meet its long-term investment goals.

Risk Assessment The Trustee Board is responsible for the oversight of the risks faced by the Foundation. The Trustee Board and Audit Committee regularly review the Foundation’s risk position, internal controls assessment and compliance with relevant statutory and finance regulations.

31 Dec 10

31 Dec 11

500

RPI+4% Benchmark Performance

In order to evaluate and manage risk the Foundation has a risk-mapping process which aims to identify the major risks that could impact on the strategic aims in the Foundation’s Strategic Plan. This process identifies the major risks the Foundation faces, the likelihood of occurrence, the significance of the risk, and any mitigating controls that are in place. It also seeks to identify any actions and resources required to manage these risks further.

The Foundation’s investment activities are its main financial risk.

This risk is managed, with the support of investment advisers, through: regular review of the investment policy; management of strategic asset allocation; risk measurement and reporting; independent valuation and performance reporting; diversification across a broad range of asset classes, geographies, investment managers and investment strategies; and ongoing market and manager updates and due diligence.

The levels of manager concentration, currency exposure, leverage and liquidity are also key factors in managing the risks of the investment portfolio, and policies and restrictions to help manage these risks are included in the Investment Policy Statement. The majority of the Foundation’s investments are externally managed by investment managers in collective investment vehicles.

51

Governance The operation of Esmée Fairbairn Foundation is governed by a Charity Commission Scheme, dated 14 January 2002, which enables the assets to be applied by the Trustees at their discretion for general charitable purposes. The Scheme supersedes the original Trust Deed made on 20 January 1961 and a Charity Commission Order granted on 20 January 2000 giving Trustees investment-delegating powers. The Charity Commission approved an incorporation of the Trustee body on 16 June 2008 in the name of The Trustees of Esmée Fairbairn Foundation.

The Foundation is a charity registered in England and Wales, number 200051.

The Foundation has a Strategic Plan 2011- 2013 which outlines its overall strategy.

The Esmée Fairbairn Foundation exists and operates for the public benefit. Through its grant-making programmes it works to improve the quality of life throughout the UK. In determining its grant-making strategies and in the administration of the Foundation generally, the Trustees have paid due regard to the guidance published by the Charity Commission under section 4 of the Charities Act 2011.

The Foundation’s primary interests are the arts, education and learning, the environment and social change. Page 15 gives an overview of our funding programmes.

The public benefit created by the Foundation’s grant-making is demonstrated in this report through our grants listing, case studies and articles.

Trustee Board The Foundation’s Trustees are listed on page 66 of this report.

The Trustee Board meets six times each year to set and oversee the delivery of the Foundation’s strategy. A number of Trustee committees support the work of the Foundation throughout the year.

The Foundation has a clear organisational structure with documented lines of authority and delegation, which is reviewed regularly by the Audit Committee and the Trustee Board.

The Foundation also has segregation of duties with regard to governance, management, grant-making, finance and investment. Procedures are in place for documenting decisions, actions and issues.

Audit Committee The Audit Committee reviews and recommends to the Trustee Board systems of internal control on financial, governance and operational risks. It also reviews the draft annual report and accounts and meets with the Foundation’s external auditors.

Finance and Administration Committee The Finance and Administration Committee reviews and recommends to the Trustee Board annual budgets, staff remuneration and benefits and oversees major property, IT, governance and other projects.

Investment Committee The Investment Committee formulates investment policy, oversees its implementation, manages overall asset allocation, monitors investment performance and reports to the Trustee Board.

Nominations Committee The Nominations Committee makes recommendations to the Trustee Board on the appointment of new Trustees.

Funding decisions A Small Applications Committee, comprising members of the executive takes decisions on Main Fund grants up to £30,000.

An Applications Committee, comprising Trustee and executive members, takes decisions on Main Fund grants up to £120,000.

All decisions on Main Fund grants over £120,000 go to the Trustee Board. The Board allocates budgets and delegates decision-making on the Foundation’s other funding programmes to Strand Panels which report to the Trustee Board. All strand grants over £150,000 go to the Trustee Board. Finance Fund investments in excess of £1 million are referred by the Finance Fund Panel to the Trustee Board.

52

Statement of Trustees’ responsibilities in respect of the Trustees’ annual report and the financial statements Under the Scheme rules of the Foundation and charity law, the Trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and regulations.

The financial statements are required by law to give a true and fair view of the state of affairs of the Foundation and its net results for the period.

In preparing these financial statements, generally accepted accounting practice entails that the Trustees: • select suitable accounting policies and then apply them consistently; • make judgements and estimates that are reasonable and prudent; • state whether applicable UK Accounting Standards and the Statement of Recommended Practice have been followed, subject to any material departures disclosed and explained in the financial statements; • state whether the financial statements comply with the Scheme rules, subject to any material departures disclosed and explained in the financial statements; and

The Trustees are required to act in accordance with the Scheme rules of the Foundation, within the framework of the Charities Act 2011. They are responsible for keeping proper accounting records, sufficient to disclose at any time, with reasonable accuracy, the financial position of the Foundation at that time, and to enable the Trustees to ensure that, where any statements of accounts are prepared by them under section 132(1) of the Charities Act 2011, those statements of accounts comply with the requirements of regulations under that provision. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the Foundation and to prevent and detect fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the financial and other information included on the Foundation’s website. Legislation in the UK governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Disclosure of information to auditors The Trustees who held office at the date of approval of this Trustees’ report confirm that, so far as they are each aware, there is no relevant audit information of which the Foundation’s auditors are unaware; and each Trustee has taken all the steps that they ought to have taken as a Trustee to make themselves aware of any relevant audit information and to establish that the Foundation’s auditors are aware of that information.

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

Tom Chandos Chairman 19 April 2012

53

Independent auditor’s report to the Trustees of Esmée Fairbairn Foundation We have audited the financial statements Opinion on financial statements of the Esmée Fairbairn Foundation for In our opinion the financial statements: the year ended 31 December 2011 set out • give a true and fair view of the state of the charity’s affairs on pages 54 to 65. The financial reporting as at 31 December 2011 and of its incoming resources and application of resources for the year then ended; framework that has been applied in their • have been properly prepared in accordance with preparation is applicable law and UK UK Generally Accepted Accounting Practice; and Accounting Standards (UK Generally • have been properly prepared in accordance with the requirements of the Charities Act 2011.

Accepted Accounting Practice).

This report is made solely to the charity’s trustees as a body, in accordance with section 144 of the Charities Act 2011 (or its predecessors) and regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and its trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Respective responsibilities of trustees and auditor As explained more fully in the Statement of Trustees’ Responsibilities set out on page 52 the trustees are responsible for the preparation of financial statements which give a true and fair view.

We have been appointed as auditor under section 144 of the Charities Act 2011 (or its predecessors) and report in accordance with regulations made under section 154 of that Act. Our responsibility is to audit, and express an opinion on, the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board’s (APB’s) Ethical Standards for Auditors.

Scope of the audit of the financial statements A description of the scope of an audit of financial statements is provided on the APB’s website at http://www.frc.org.uk/apb/scope/private.cfm.

Matters on which we are required to report by exception We have nothing to report in respect of the following matters where the Charities Act 2011 requires us to report to you if, in our opinion: • the information given in the Trustees’ Annual Report is inconsistent in any material respect with the financial statements; or • the charity has not kept sufficient accounting records; 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.

Kevin R Clark for and on behalf of KPMG LLP, Statutory Auditor Chartered Accountants 1 Forest Gate Brighton Road Crawley West Sussex RH11 9PT 19 April 2012 KPMG LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006

For the year ended 31 December 2011 (including Income and Expenditure and Statement of Total Recognised Gains or Losses)

Statement of Financial Activities

54

Notes 2011 2010

£’000 £’000 Incoming resources Investment income Other incoming resources

2 2

11,934 271

10,500 106

Total incoming resources

12,205 10,606

Cost of generating funds Charitable activities Governance costs

3 & 5 4 & 5 5 & 6

2,467 2,322 41,210 29,437 290 268

Total resources expended

43,967 32,027

Net outgoing resources (31,762) (21,421) Realised and unrealised (losses)/gains on investment assets

9

(44,495)

78,054

Net movement in funds (76,257) 56,633 Funds at 1 January 852,311 795,678 Funds at 31 December

15

776,054 852,311

The notes on pages 57 to 65 form part of these accounts.

The Foundation has no recognised gains or losses other than the net movement in funds for the year.

The net outgoing resources and resulting net movement in funds in each of the financial years are from continuing operations.

At 31 December 2011

Balance Sheet

55

Notes 2011 2010

£’000 £’000 Fixed assets Tangible fixed assets Investment assets Programme related investments

8 392 9 804,491 10 8,000

486 872,071 7,539

812,883

880,096

Current assets Debtors 11 46 Cash at bank 2,042

1,026 4,140

2,088 5,166 Creditors: falling due within one year 12

(29,076)

(25,138)

Net current liabilities

(26,988)

(19,972)

Total assets less current liabilities 785,895 860,124 Creditors: falling due after one year Provisions: for liabilities

13 14

(9,771) (70)

(7,743) (70)

Net assets: representing unrestricted funds 15

776,054

852,311

The notes on pages 57 to 65 form part of these accounts.

The accounts were approved and authorised for issue by the Trustee Board on 19 April 2012.

Signed in the name and on behalf of The Trustees of Esmée Fairbairn Foundation:

Tom Chandos Chairman

For the year ended 31 December 2011

Cash Flow Statement

56

Notes 2011 2010

£’000 £’000 Net cash outflow from operating activities

18

(25,694) (16,244)

Cash flows from investments and capital expenditure

235,205 577,729 Sale of investments Purchase of investments (270,257) (566,826) Decrease in investment cash 21,620 52,976 Decrease/(increase) in other investment balances 36,393 (40,374) Cash inflow/(outflow) on derivative financial instruments 124 (2,535) Decrease/(increase) in loan to subsidiary undertaking 983 (160) Cash outflow to programme related investments (1,067) (3,000) Cash inflow from programme related investments 625 867 Cash outflow to finance lease commitments (11) (22) Purchase of tangible fixed assets (19) (59) Net cash utilised on investments and capital expenditure

23,596

18,596

Net (decrease)/increase in cash at bank

(2,098)

2,352

Analysis of change in cash Cash balance at the beginning of the year

Net cash (outflow)/inflow

4,140 1,788 (2,098) 2,352

Cash balance at the end of the year 2,042 4,140

Notes to the accounts

57

1. Basis of accounting and accounting policies Basis of accounting The accounts have been prepared in accordance with applicable UK accounting standards and comply with the Charities Act 2011 and the Statement of Recommended Practice (‘Accounting and Reporting

by Charities’) revised 2005. Except as otherwise stated, these financial statements have been prepared using the historic cost convention.

Consolidated accounts

To the extent that the Foundation engages in overseas activity, or derives income from overseas, it may incur a foreign tax liability depending on the application of the tax legislation in the relevant jurisdiction.

Tangible fixed assets Tangible fixed assets are included in the balance sheet at cost less accumulated depreciation.

Leasehold improvements are depreciated over the term of the lease. Office and computer equipment is depreciated at between 20% and 33% per annum.

Depreciation is charged on a straight-line basis over the assets’ useful lives.

The Foundation has not prepared consolidated accounts as the results of its subsidiary undertakings Leased assets Assets obtained under finance leases are capitalised are not material to the group. as tangible fixed assets and depreciated over their Incoming resources useful lives. Finance leases are those where Incoming resources are recognised in the Statement substantially all of the benefits and risks of ownership are assumed by the Foundation. Obligations under of Financial Activities in the period in which the such agreements are included in creditors net of the Foundation becomes entitled to receipt. Dividend finance charge allocated to future periods. The income and related tax credits are recognised from finance element of the rental payments is charged to the ex-dividend date when they become receivable. the Statement of Financial Activities over the period Resources expended of the lease.

Direct costs of generating funds, charitable activities All other leases are operating leases. Operating and support and governance costs are charged to the relevant category or activity according to the area lease annual rentals are charged to the Statement of Financial Activities on a straight-line basis over the to which the expenditure relates. Support costs term of the lease to the first rent review date. incurred that relate to more than one cost category are apportioned based on the number of full-time Investments equivalent staff allocated to that activity.

Quoted investments Quoted investments are stated at market value at the Grants are recognised as expenditure in the year in which they are approved and such approval has been balance sheet date. Asset purchases and sales are communicated to the recipients, except to the extent recognised at date of trade. that they are subject to conditions that enable the Unquoted investments Foundation to revoke the award.

Unquoted investments are valued at the Foundation’s best estimate of fair value as follows: Pension The Foundation operates a defined contribution group personal pension scheme for employees. The assets of the scheme are held separately from those of the Foundation. The annual contributions are charged to the Statement of Financial Activities.

Pooled investments are stated at fair value, the basis of fair value being the market value of the underlying investments held. These valuations are provided by the fund managers and are subject either to independent valuation or annual audit.

Irrecoverable VAT

Unquoted hedge funds are valued by reference to the market value of their underlying investments.

These valuations are provided by the third party hedge fund administrators.

Irrecoverable Value Added Tax (VAT) is included in the Statement of Financial Activities within the expenditure to which it relates.

Taxation The Foundation is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable trust for UK income tax purposes. Accordingly, the charity is potentially exempt from UK taxation in respect of income or capital gains received within categories covered by Part 10 Income Tax Act 2007 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.

Private equity investments are held through funds managed by private equity groups. As there is no identifiable market price for private equity funds, these funds are included at the most recent valuations from the private equity groups where the: i. private equity group provides a fair value that complies with the International Private Equity and Venture Capital Valuation Guidelines; or ii. private equity group provides valuations that comply with International Financial Reporting Standards or US GAAP.

58

FINANCIAL REVIEW Notes to the accounts continued...

Where a valuation is not available at the balance sheet date, the most recent valuation from the private equity group is used, adjusted for cashflows and foreign exchange movements and any impairment between the most recent valuation and the balance sheet date.

Provisions

Where a private equity group does not provide a fair value that complies with the above, the Foundation is unable to obtain a reliable fair value, and therefore these investments are held at cost.

Material transactions with related parties are disclosed in the notes to these financial statements.

The Foundation’s policy is for Trustees, Executive and advisers to declare their interest and exempt themselves from all relevant discussions and decisions which may involve a transaction with a related party or in which they may have a conflict of interest.

Derivative financial instruments Derivatives are recognised in the Balance Sheet at fair value. Where the Foundation uses forward currency contracts to reduce currency exposure in its investment portfolio the fair value of these forward exchange contracts is estimated by using the gain or loss that would arise from closing the contract at the balance sheet date. Managers of segregated funds may enter into derivatives as part of their portfolio risk management, fair values of these derivatives are provided by the fund managers.

Programme related investments Programme related investments that are loans are accounted for at the outstanding amount of the loan less any provision for unrecoverable amounts.

Unquoted equity and similar programme related investments are held at cost, less any provision for diminution in value, as the Foundation is unable to obtain a reliable estimate of fair value. Quoted investments are stated at market value at the balance sheet date.

Realised and unrealised gains and losses on investments Realised and unrealised gains and losses on progamme related investments are included in ‘charitable activities’ within the Statement of Financial Activities.

Provisions have been made for possible future liabilities arising from contracts entered into by the Foundation.

Related party transactions

2. Income Investment income

2011 £’000

Equity investments Multi-asset investments Fixed income investments Alternative investments Investment cash

1,094 3,906 8,601 4,743 – 1,234 2,045 348 194 269

2010 £’000

11,934

10,500

Other income

2011 2010 £’000 £’000

Bank interest Income received from subsidiary undertaking (note 9) Income from programme related investments

161 92

17 72

271

106

Realised and unrealised gains and losses on all other 3. Cost of generating funds investment assets are included in ‘gains and losses

on investment assets’ within the Statement of

Financial Activities.

Investment managers, custodian and advisers fees Realised and unrealised gains and losses Direct staff and other costs on foreign exchange transactions Support cost allocation Transactions denominated in foreign currency are translated at the exchange rate ruling at the date of Total costs of generating funds the transaction. Monetary assets and liabilities denominated in foreign currency are translated at the exchange rate ruling at the balance sheet date. All gains and losses on exchange, realised and unrealised, are included in the appropriate income or expenditure category in the Statement of Financial Activities.

18 17

2011 2010 £’000 £’000 2,020 1,890 212 214 235 218 2,467

2,322

59

4. Charitable activities

2011 2010

£’000 £’000 Grant funding

39,560 27,808 Prior year cancelled and returned grants (256) (300) Programme related investments costs 55 83 Other grant related costs 43 110 Net grant funding 39,402 27,701 Direct staff and other costs 602 614 Support cost allocation 1,206 1,122 Total charitable activities 41,210

29,437

Grants and Finance Fund investments approved in 2011 are listed on pages 17 to 46 in the Annual Report accompanying these accounts.

5. Support cost allocation

Cost of generating Charitable Governance

funds activities costs 2011 2010 £’000 £’000 £’000 £’000 £’000 Support staff costs Premises, technology and other costs

89 146

460 746

Total support costs

235 1,206 185

Total support costs for prior year

218

1,122

99 86

172

648 538 978 974 1,626

1,512

–

1,512

6. Governance costs

2011 2010

£’000 £’000 Auditors’ remuneration 58 Direct staff and other costs 47 Support cost allocation 185

55 41 172

290

268

Total Trustees’ expenses of £17,750 (2010: £31,689) are included in governance costs and in costs of generating funds.

Expenses were reimbursed to 4 (2010: 6) Trustees during the year. The Trustees received no remuneration for their role as Trustee during this or the preceeding year.

60

FINANCIAL REVIEW Notes to the accounts continued...

7. Staff costs

2011 2010 £’000 £’000

Salaries 1,055 1,036 Social security costs 117 108 Pension contributions 125 123 Other staff related costs 165 119 Total staff costs

1,462

1,386

The Foundation operates a defined contribution group personal pension scheme and makes employer contributions of 12.5% when matched by a 5% employee contribution.

The average number of employees during the year calculated on a full-time basis was as follows:

2011 2010

Investment management and oversight 3 Grant-making 17 Governance 2

3 17 2

Total number of employees

22

22

The number of employees who received remuneration of more than £60,000 in the year was as follows:

2011 2010

£60,000 – £69,999 1 £70,000 – £79,999 1 £80,000 – £89,999 1

1 2 1

All the employees paid over £60,000 had employer contributions, equal to 12.5% of salary, made under the group personal pension scheme.

8. Tangible fixed assets

Office &

Leasehold computer

improvements equipment Total £’000 £’000 £’000 Cost At 1 January 2011 Additions in the year

527 –

383 19

910 19

At 31 December 2011

527

402

929

Accumulated depreciation At 1 January 2011 Depreciation charge for year

139 76

285 424 37 113

At 31 December 2011

215

322

537

Net book value At 31 December 2011 At 1 January 2011

312 388

80 98

392 486

The net book value of assets held under finance leases included above is £16,000 (2010:£26,000) and the depreciation charge on these assets for the year was £10,000 (2010:£22,000).

61

9. Investments i) Market value

2011

£’000

2010 £’000

Equity investments

192,553 230,088 Multi-asset investments 250,608 267,175 Alternative investments 324,906 278,917 Investment cash 35,316 58,971 Other investment balances 1,108 37,501 Derivative financial instruments – (581) Total market value of investments

804,491

Investment cash includes all cash balances managed as part of the investment portfolio.

Other investment balances include accrued income, amounts payable on investment purchases, amounts receivable on investment sales and accrued investment costs.

Derivatives include all derivative assets and liabilities.

Alternative investments comprise hedge funds, venture capital and private equity, direct property funds, commodity investments and an investment in a subsidiary company. The subsidiary is a wholly owned UK unlimited company that invested in venture capital type investments which were managed as part of the Foundation’s investment porfolio. During the year the investments held by the subsidiary were transferred to the Foundation and the remaining surplus in the subsidiary was gifted to the Foundation, this is included as ‘other income’ in the Statement of Financial Activities. The subsidiary is in the process of being wound up at year end.

The Foundation has entered into commitments to invest in private equity and venture capital funds.

At the balance sheet date outstanding commitments totalled £75.3 million (2010: £73.3 million).

The Foundation models its cashflows based upon the original commitment. ii) Purchases, sales, gains and losses

Market

Market

Value Sale Investment value

2010 Purchases proceeds gain/(loss) 2011 £’000 £’000 £’000 £’000 £’000 Market value

Equity investments 230,088 75,152 (83,037) (29,650) 192,553 Multi-asset investments 267,175 33,432 (38,481) (11,518) 250,608 Alternative investments 278,917 161,673 (113,687) (1,997) 324,906 Total 776,180 270,257 (235,205) (43,165)

768,067

iii) Reconciliation to book cost

Book Cost Sale Investment Book Cost

2010 Purchases proceeds gain/(loss) 2011 £’000 £’000 £’000 £’000 £’000 Book cost and realised gains Equity investments 201,110 75,152 (83,037) (1,709) 191,516 Multi-asset investments 255,310 33,432 (38,481) (507) 249,754 Alternative investments 240,160 161,673 (113,687) 31,412 319,558 Total book cost

696,580

Market value adjustment Unrealised gains/(losses)

79,600

270,257 (235,205)

29,196

760,828

(72,361)

7,239

Total 776,180 270,257 (235,205) (43,165)

768,067

–

–

872,071

62

FINANCIAL REVIEW Notes to the accounts continued...

9. Investments continued iv) Derivative financial instruments

2011

£’000 Derivative position at year end Derivative financial instruments total net positions

2010 £’000

–

(581)

–

(581)

During the year the Foundation ceased passively hedging part of the currency risk in the invested portfolio. v) Realised and unrealised gains/(losses) on investments Realised Unrealised gain/(loss) gain/(loss)

2011 2010 £’000 £’000

Equity investments Multi-asset investments Fixed income investments Alternative investments

(1,709) (507) – 31,412

(27,941) (11,011) – (33,409)

(29,650) 33,773 (11,518) 12,332 – 557 (1,997) 35,690

29,196

(72,361)

(43,165)

82,352

Cash investments Derivative financial instruments

(1,883) 124

(152) 581

(2,035) 705

(639) (3,659)

Total gains/(losses) on investments

27,437

(71,932)

(44,495)

78,054

Gains in the prior year

30,323

47,731

–

78,054

vi) UK and overseas holdings

2011

£’000

2010 £’000

Equity investments Overseas listed 12,662 Overseas unlisted 179,891

– 230,088

192,553

230,088

Multi asset manager investments UK listed 118,813 9,036 UK unlisted 42,520 156,028 Overseas listed 2,829 13,911 Overseas unlisted 86,446 88,200

250,608

267,175

Alternative investments UK 72,799 67,211 Overseas 252,107 211,706

324,906 278,917 Total 768,067 776,180

63

10. Programme related investments (Finance Fund)

2011

£’000

2010 £’000

Total programme related investments as at 1 January

5,454

7,539

Amounts drawn down in the year 1,067 3,000 Amounts repaid in the year (625) (867) Gains/(losses) on programme related investments 19 (48) Total programme related investments at year end

8,000

7,539

At the year end £2.1 million (2010: £1.7m) had been committed under the Finance Fund but remained undrawn. A further £7.2 million (2010: £4.0 million) was approved subject to agreement of terms, making a total promised of £9.3 million (2010: £5.7 million).

Finance Fund investments approved in 2011 are listed on pages 44 to 45 in the Annual Report accompanying these accounts.

11. Debtors

2011 £’000

2010 £’000

Prepayments and other debtors Loan receivable from subsidiary undertaking

46 –

43 983

Total debtors

46 1,026

The loan receivable from the subsidiary undertaking is repayable on or before 28 February 2019.

Interest is payable annually on the amount drawn at Bank of England base rate plus 1.75%.

The loan facility is for an amount up to £2.0 million. This loan was repaid in full during the year.

12. Creditors: amounts falling due within one year

2011 £’000

2010 £’000

Grant commitments Accruals Other creditors Commitments due under finance leases

28,848 24,837 187 205 32 85 9 11

Total creditors falling due within one year

29,076

25,138

64

FINANCIAL REVIEW Notes to the accounts continued...

13. Creditors: amounts falling due after one year

2011 £’000

2010 £’000

Grant commitments Commitments due under finance leases

9,766 5

7,729 14

Total creditors falling due after one year

9,771 7,743

14. Provisions

2011 2010 £’000 £’000

As at 1 January 70 Charge for the year –

70 –

As at 31 December

70

70

2011 £’000

2010 £’000

The provision relates to possible future liabilities arising from contracts entered into by the Foundation.

15. Reserves

As at 1 January

852,311 795,678

Net outgoing resources (Losses)/gains on investment assets

(31,762) (44,495)

(21,421) 78,054

Net movement in funds in the year

(76,257)

56,633

As at 31 December

776,054

852,311

All funds held by the Foundation are unrestricted and available to the Foundation to apply for the general purposes of the Foundation as set out in its governing document.

65

16. Operating Leases At year end the Foundation had lease agreements in respect of property for which payments extend over a number of years.

Annual commitments under non-cancellable operating leases expiring:

2011 £’000

2010 £’000

Between 2–5 years After 5 years

409 –

– 409

Total annual operating lease commitments

409

409

17. Related Party Transactions There were no related party transactions during the year other than those with subsidiary undertakings disclosed in note 2 and note 11.

18. Cash Flow Reconciliation of statement of financial activities to operating cash flows

2011 £’000

2010 £’000

Net outgoing resources before other recognised gains and losses (31,762) Depreciation charge for the year 113 (Increase)/decrease in debtors (3) Increase in creditors 5,977 (Decrease)/increase in programme related investments provisions (19)

(21,421) 109 683 4,348 37

Net cash outflow from operating activities

(25,694)

(16,244)

66

Trustees, committees, staff and advisers As at 19 April 2012

Trustees

Staff

Tom Chandos Chairman Sir David Bell

Dawn Austwick Chief Executive

Felicity Fairbairn John Fairbairn Beatrice Hollond James Hughes-Hallett Thomas Hughes-Hallett Kate Lampard Baroness Linklater Sir Jonathan Phillips William Sieghart

Grant-making John Mulligan Senior Grants Manager Sharon Shea Senior Grants Manager Derek Bardowell Grants Manager Jenny Dadd Grants Manager Annabel Durling Grants Manager Alison Holdom Grants Manager Jo Rideal Grants Manager Laurence Scott Grants Manager Joanna Watson Grants Manager

Finance Claire Brown Finance and Investment Director Colin Gellatly Investment Analyst Bharat Naygandhi Finance Assistant Iana Petkova Investment Oversight Manager Danyal Sattar Finance Fund Manager Marie-Mathilde Suberbère Finance Manager

Resources James Wragg Director of Operations Gina Crane Impact and Learning Officer Tania Joseph Administrator Marette Kroonenberg Administrator Grant-making Laura Lines Administrator Communications and Resources Matt Mayer ICT and Facilities Officer Jennie Pfeffer PA to Chief Executive Tereasa Robinson Administrator Reception Swee Tsang Administrator Grant-making

67

Committees

Advisers

Audit Committee Kate Lampard Chairman John Fairbairn Thomas Hughes-Hallett Tom Chandos Observer

Legal and Financial KPMG LLP Auditors 1 Forest Gate Brighton Road Crawley West Sussex RH11 9PT

Finance and Administration Committee Tom Chandos Chairman James Hughes-Hallett Sir Jonathan Phillips William Sieghart Investment Committee James Hughes-Hallett Chairman Tom Chandos Beatrice Hollond Edward Bonham-Carter ex-officio Nominations Committee Tom Chandos Chairman James Hughes-Hallett Kate Lampard Sir Jonathan Phillips William Sieghart Strand and Panel Advisers Prue Leith Food Hugh Raven Food James Wardlaw Finance Fund

Berwin Leighton Paisner Solicitors Adelaide House London Bridge London EC4R 9HA DLA Piper LLP Solicitors 1251 Avenue of the Americas New York New York 10020-1104 Royal Bank of Scotland plc Bankers London Victoria (A) Branch 119/121 Victoria Street London SW1E 6RA Cambridge Associates Ltd Investment Advisers Cardinal Place 80 Victoria Street London SW1E 5JL JPMorgan Chase Bank, N.A. Custodian 125 London Wall London EC2Y 5AJ

68

Esmée Fairbairn Foundation’s history

In 1961 Ian Fairbairn, a leading City figure, decided to endow a charitable foundation with the bulk of his holdings in M&G, the company he had joined some 30 years before.

M&G was a pioneer of the unit trust industry in the UK. It grew out of Ian Fairbairn’s determination that investments in equities, previously the preserve of the affluent, should be available to all – giving everyone the potential to own a stake in the nation’s economy.

His purpose in establishing the Foundation was two-fold. In the interests of wider prosperity, he aimed to promote a greater understanding of economic and financial issues through education.

He also wanted to establish a memorial to his wife, Esmée, who had played a prominent role in developing the Women’s Royal Voluntary Service and the Citizens Advice Bureaux. She was killed in an air raid during the Second World War. Esmée Fairbairn’s sons, Paul and Oliver Stobart, also contributed generously to the Foundation established in their mother’s memory.

In 1999 the Foundation sold its holding in M&G as part of the company’s takeover by the Prudential Corporation plc. As a result, the Foundation’s endowment grew significantly in value as did the size and scope of the grants it was able to make.

Today, the Esmée Fairbairn Foundation is one of the largest independent grant-making organisations in the UK.

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Photo credits: © simon Goodson; © stuart leech; ©the Ray & Diana Harryhausen Foundation; Amanda crowther; Andrew McRobb/RBG Kew; Andy Buchanan; Andy Fairbairn; Anne purkiss; ARI/Walsall Road Allotments, Birmingham; BBc/sixteen Films; carrick Fergus Borough council; cIWF; contact a Family; copyright Arnhel de serra 2009; creswell Heritage trust; emmaus; Filming for Fevered sleep's project It's the skin You're living In, taking place on the Isle of Barra, scotland. photograph by Ali Beale; Food From the sky; Great chorus by Rebecca lee, 2011, commissioned by Fermynwoods contemporary Art, photography credit the Mighty creatives; Growing Well; Ice and Fire - photography Jon Holloway, trevor White (actor); James Burns http://rawimages.viewbook.com/; James Rowbotham; Jasleen Kaur sethi for Refugee Radio; Jill pakenham/Bto;

Joe plommer; June Murray; Kate shortt; Katherina Miller @ http://www.flickr.com/ photos/24817323@n06/; Mike Dodd, Floodplain Meadows partnership project ecologist; new Voters new politics event – tom Bradley; pamela Raith; peter Boardman, Field studies council; protege DnA ltd; Reyaz limalia; Rhian lloyd; Rob Appleby; sern. scherech@ t-online.de; slattery and Martin ellis, curators of Applied Arts at Birmingham Museum & Art Gallery with Yukiai (encounters), 2011 by young Japanese maker naoki takeyama, © the artist / photo: Mark crick; south West Foundation; special olympics Great Britain; steenbeckett, Atom egoyan, 2002. the Artangel collection - Installation view from ‘projections’ at the Whitworth Art Gallery, July 2011; stewart Hemley; tara Moore photography; the Wild Bride – Kneehigh / steve tanner; tracey Anderson; Working with Men.

EsmĂŠe Fairbairn Foundation Kings place 90 York Way london n1 9AG t 020 7812 3700 F 020 7812 3701 e info@esmeefairbairn.org.uk www.esmeefairbairn.org.uk Registered charity 200051