OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-03-31-accounts

London Funders

Report and Accounts for the year ended 31 March 2022

4 Chiswell Street London EC1Y 4UP

Tel: 020 7255 4488 Email: info@londonfunders.org.uk Website: www.londonfunders.org.uk

Company registration: 5596299 Charity registration: 1116201

Report and Accounts for 2021/22

LONDON FUNDERS

CONTENTS Page
Trustees’ Report 2 to 17
Statement of Trustees’ Responsibilities 18
Independent Examiner’s Report 19
Statement of Financial Activities 20
Balance Sheet 21
Cash Flow Statement 22
Notes to the Financial Statements 23

1

Report and Accounts for 2021/22

LONDON FUNDERS

STRUCTURE, GOVERNANCE AND MANAGEMENT

London Funders is a charity and company limited by guarantee. The London Funders’ Board is the board of directors of the company and its board of trustees.

The formal objects of London Funders (revised and approved at the AGM in 2015) are for the benefit of the public and particularly to improve the conditions of life of people who live and work in Greater London. This is through the advancement of citizenship and community development, particularly by:

As well as the advancement of education, particularly by providing training and information to, and facilitating the exchange of information, knowledge and experience between, the voluntary and community sector and funding organisations, to enable funding organisations to provide support and funding to the voluntary and community sector more effectively.

Board officers

Chair David Farnsworth Vice Chairs Sally Dickinson Edith Galliers Sara Cooney (from 22 June 2022) Treasurer Ugo Ikokwu

Board members

Emma Ackerman National Lottery Community Fund (retired 12 October 2022) Shabana Aslam London Borough of Islington Dominic Briant Metropolitan Thames Valley (elected 8 December 2021) Yolande Burgess London Councils Sara Cooney Lloyds Bank Foundation for England & Wales Emma Corrigan National Lottery Community Fund (co-opted 12 October 2022) Sally Dickinson Berkeley Foundation David Farnsworth The City Bridge Trust Edith Galliers London Borough of Redbridge John Griffiths Rocket Science Ugo Ikokwu Trust for London Victoria Lawson London Borough of Hounslow Rohan Martyres Guy’s and St Thomas’ Charity (retired 8 December 2021) Andrew Matheson London Borough of Southwark Sarah Mulley Greater London Authority (retired 8 December 2021) Tunde Olayinka Greater London Authority (co-opted 12 October 2022) Matthew Parsonage Clarion Housing (elected 8 December 2021) Jahanara Rajkoomar Metropolitan Thames Valley (retired 8 December 2021)

2

Report and Accounts for 2021/22

LONDON FUNDERS

Staff members

James Banks Chief Executive (and Company Secretary) Geraldine Blake Director of Collaboration and Development Malene Bratlie Learning and Communications Manager Jessica Herbert Team Coordinator (from 4 January 2022) Helen Mathie Director of Partnerships and Place Grace Perry Head of Programme Delivery Alisha Pomells Funding Collaboration Coordinator (to 30 September 2022)

Professional advisers

Bankers

Unity Trust Bank Charity Bank CAF Bank Four Brindleyplace Fosse House, 182 High Street 25 Kings Hill Avenue, Kings Hill Birmingham B1 2JB Tonbridge TN9 1BE West Malling, Kent ME19 4JQ

Solicitors

Russell-Cooke LLP 2 Putney Hill London SW15 6AB

The Board members are the Trustees and Directors of the Company. There are up to 12 elected members, each can serve a maximum of three three-year terms and are drawn from London Funders’ Full members. In addition, the Board can appoint up to three co-opted members. Honorary Officers are elected by the Board from among its members.

London Funders has a small office and during the year employed seven people (5 FTE). During the year covered by this report London Funders rented office space from the Association of Charitable Foundations at Toynbee Hall, 28 Commercial Street, London E1 6LS. In September 2022 London Funders moved office to share space with Trust for London at 4 Chiswell Street, London EC1Y 4UP.

Background and structure

London Funders was incorporated as a company limited by guarantee in 2005. It is a charitable company structured as a membership association. Members are funders of the voluntary and community sector in London. Each pays a subscription and has a named representative (to vote at meetings such as the AGM). Most member organisations involve a range of staff and trustees in London Funders’ activities, such as grantmaking, commissioning, policy and research staff. Associate membership allows civil society organisations in London which do some funding, but not as their primary remit, to belong to London Funders but with no voting rights.

3

Report and Accounts for 2021/22

LONDON FUNDERS

OBJECTIVES

London Funders’ mission is to strengthen civil society and create a better London, through enabling funders from all sectors to be effective. We’re focused on collaboration – convening funders to connect, contribute and cooperate together, to help people across London’s communities to live better lives.

London is a complex city and its funding landscape is changing dramatically. This change is being driven by a combination of factors including the impact of the covid-19 pandemic, the redefining of the role of the state (both national and local), the changing profile of poverty and the needs of the population within London, and the increasingly complex governance and public policy landscape that our members operate within. Other regions and countries in the UK have high levels of need and disadvantage but in London their scale and complexity are masked by areas of extreme affluence. Funders need to know about how policy affects the capital and how funding can be developed to meet the diverse needs of London’s communities.

London Funders is unique in bringing together public-sector funders and commissioners with independent foundations, social and corporate investors, lottery funders and others. Our members invest in every aspect of Londoners’ lives, from the arts to welfare, and they fund across all 32 boroughs and the City of London. These funds are invested in London through a number of channels including the voluntary and community sectors, social enterprises and the private sector, as well as directly to Londoners.

As funding and policy challenges continue, our priorities are to focus on funders working together better, with clearer priorities; new ways of working, challenging funders and providers; and modelling evidence- and intelligence-led solutions.

Our beliefs

We believe that Londoners should be at the heart of our work, and that of our members – with their needs, their strengths and their hopes driving developments in the funding community.

We believe that effective and resilient civil society organisations are essential to enabling London’s people and communities to thrive. Equally, the systems that govern civil society are important determining factors in how effective and efficient it can be.

We believe that civil society organisations are best supported to meet the needs of Londoners when funding is based on a shared understanding of need, with good funding practices, and a collaborative approach to funding that ensures resources are channelled to the right places.

We believe that social systems - the policy framework within which civil society operates, and how funding is accessed by civil society organisations - can be altered to meet the needs of Londoners better. This outcome is underpinned by funders efficiently allocating resources, as well as collaborating with others to improve understanding of where funding is most needed and how best to channel support there. It is further driven by changes to policies and structures that affect civil society organisations, for which we believe funders can be active advocates.

4

Report and Accounts for 2021/22

LONDON FUNDERS

Our aims

We convene , creating the space for productive conversations and collaborations. Our aim is to use the space we create for cross-sector dialogue as a vehicle for: sharing information, approaches and ideas; developing a shared understanding of need; collaboration; and trust-building.

We connect , bringing people and organisations together with the ideas and tools they need to be effective. Our aim is to develop and showcase practical ways for doing things differently and in such a way as to strengthen civil society and create a better London.

We contribute , shaping policies that affect Londoners through our informed voice. Our aim is to play a constructive role in policy development and to ensure that the combined intelligence, experience and views of our members are represented to strengthen civil society in London.

We cooperate , enabling funders to commit to working together to tackle the issues facing London. Our aim is to strengthen practice, increase the impact of assets and resources through aligning these effectively across funders, and create the mechanisms that enable collaboration to work.

We do all this whilst aiming to be an exemplar organisation ourselves – with a focus on ensuring our own ways of working are effective and efficient, and that we celebrate the diversity of the funding community and of the city we love in all that we do.

Our strategic objectives for 2018 to 2022 are:

To enable the funding community in London to support communities to face the challenges, and seize the opportunities, of the changing environment in the coming years we will focus on:

Whilst working towards our ambitions we will also maintain our agility – responding to events and developments as they arise in London, to ensure we are effective at addressing emerging needs.

Public benefit

We recognise that as a charity, London Funders has a duty to provide public benefit: this helps guide our plans and activities. Close attention is paid to outcomes from all the work we do.

As a second tier organisation, London Funders does not directly claim impact on communities. What we do, as honestly and accurately as we can, is identify the directly attributable results of our work and consult members about the contribution to their practice that our work has made, noting the improved visibility of funders in London, increased collaboration between them, and opportunities taken up for work in partnership with other organisations. The ways in which we seek to create public benefit are illustrated in an online theory of change, which shows how our activities result directly and indirectly in outcomes relating to funders’ knowledge, collaboration and voice.

5

Report and Accounts for 2021/22

LONDON FUNDERS

ACHIEVEMENTS AND PERFORMANCE IN 2021/22

Chair’s report on behalf of the trustees

This year saw the London Funders team work with members and friends across London’s civil society to build on the collaborative effort seen in our response to covid-19’s impact on our communities – work that was recognised during the year with the London Community Response being shortlisted for a Third Sector Award and winning a Charity Award, which we collected on behalf of our membership. The potential for the learning, connections and ambition harnessed during times of crisis to be sustained for the long-term, to deal with the systemic issues that affect our communities, presents a bold and important moment for London Funders and the movement of members we are proud to work alongside.

We took forward work on learning (bringing 11,977 people together to share learning, an increase of 28.8% on last year), collaboration (10 new members joined us, taking membership to 174, an increase of 1.8%), influence (7,349 people benefited from our updates on policy and practice, an increase of 1.5%) and connection (1,913 people engaged with the 118 events we ran, 11.3% more than last year). We also strengthened our team, including being host to a 2027 Associate and joining the 10,000 Black Interns movement, and welcomed new trustees to the Board to reflect the diversity of our membership.

Through the year we also completed work on a strategy refresh, setting an ambitious new course for the charity through to 2030 – you can read more about the work we will be doing in the coming years later in this report. We recognise that we are living through challenging times, and will always remain responsive to the rapidly changing needs of our communities and civil society colleagues (with work already underway as this year closed on how to deal with the cost of living crisis), whilst also believing that we need to maintain a focus on a longer-term vision for a stronger, greener and fairer London.

As this year marks the end of our 2018-2022 strategy, it is worth highlighting how the charity has developed over the last four years, as well as drawing your attention to the achievements of the charity over the last year. Since 2018: our membership has grown from 118 to 174; our events programme has more than doubled in size (from 55 meetings and events to the 118 of last year); our online reach has more than trebled; and 85% of our members now say they’ll come to us to be involved in future collaborations.

As always, though, the big numbers don’t paint the whole picture – the relationships built, the connections made, the partnerships formed – so we also asked our members for feedback on the work we’ve been doing, with the three quotes below perhaps saying it better than the numbers can:

6

Report and Accounts for 2021/22

LONDON FUNDERS

Through the coming year we will be starting to deliver against our new strategy – bringing funders together to build a better London by taking action on what matters to our city and our communities. We will strive to live up to the feedback above – providing the insights, nurturing the inspiration, and delivering the impact that will make positive change happen for our communities, through working with the amazing members who together make London Funders. Thank you for being part of this movement.

David Farnsworth, Chair

7

Report and Accounts for 2021/22

LONDON FUNDERS

ACHIEVEMENTS IN 2021/22

Our membership continued to grow this year as we welcomed 10 new organisations, taking total membership to 174 by the end of March 2022.

We were pleased to welcome these new members during the year. Like our wider membership they are diverse in their size, aims and geographic remit. Our new members are:

We aim to equip funders with the knowledge and networks they need to fund a sustainable voluntary and community sector in London. At the heart of our work is a commitment to activity which will bring solid and tangible outcomes for our members.

We convened members, creating the space for productive conversations and collaborations: 1,913 people attended one of the 118 London Funders events over the year (increasing engagement with 11.3% more events compared to the previous year).

We said we would… In 2021/22 we…
Enhance our learning, events and
networks programme to stream and
target these activities effectively to enable
collaboration between funders		 Increased our events programme, offering 118
learning meetings and networks where funders
could come together to share insights and ideas on
the issues that matter to London.
We hosted our first Festival of Learning - creating an
opportunity to hear from funders, civil society
organisations, community partners, and others on
what they had learned through responding to the
covid pandemic when it comes to best practice,
what works (and what doesn’t) as well as funders’
role in supporting the capital’s communities for the
longer term.
Alongside this new flagship event we also sustained
successful programmes from the previous year,
hosting our second Camference, bringing together
inspiring keynote speakers on the past, present and
future of funding in London, to act as a springboard
for continued learning and development across our
movement of members – as covid restrictions
eased, this also saw us complement the online
sessions with our first in-person networking events

8

Report and Accounts for 2021/22

LONDON FUNDERS

since the start of covid-19 (work which we continue
to build on with the development of hybrid and
accessible meeting and event options that enable
our members to come together in the right ways to
foster a spirit of collaboration across sectors).
Embed learning from responding to the
crisis into funder approaches towards
supporting civil society and communities
through recovery		 Commissioned and published four learning reports
to share insights from the experience of delivering
the London Community Response funder
collaboration, and to raise awareness of the
challenges and opportunities ahead for civil society
and funding in London beyond the pandemic – these
reports included: recommendations for improving
the processes behind funder collaboration; learnings
from the London Community Response’s equity-
centred grantmaking during covid; how civil society
delivered differently, and how funders need to
support groups in the future; and scenarios for
London’s communities in 2023 and implications for
funders. We have worked with funders to explore
the key messages from these reports over the year,
and have embedded the principles developed
through the London Community Response in our
longer-term funder collaboration programmes that
have been developed during the year.
Alongside our own work, we were also active
champions of learning in networks across the
funding community, including building on our work
as a founder partner to IVAR’s open and trusting
grantmakers movement (building on the We Stand
With The Sector statement we launched the year
before) by taking a place on the steering group for
this initiative, alongside funders and civil society
partners from across the United Kingdom.
Develop action networks to enable peers
to learn and act together to strengthen
the work of the funding community in
London		 Launched new action learning networks for our
place-based giving schemes, through the London’s
Giving programme, piloting approaches to more
regular and focused action network meetings that
enable key issues to be explored with experiences
shared to inspire and enable effective progress. This
was further supported by us continuing to host
network groups for peers in similar roles, including
our London’s Giving Chairs network, and funder
network groups focused on acting together on
issues affecting Londoners.
We also relaunched our network groups as part of
our Camference, enabling funders with common
interests in children and young people, health,
assets, violence affecting young people, research
and evaluation, advice and housing to come
together to learn and act – responding to the
changing external environment we offered these as
in-person or online events, and have worked to
develop a hybrid approach to network meetings for
the future.

9

Report and Accounts for 2021/22

LONDON FUNDERS

We connected, bringing people and organisations together with the ideas and tools they need to be effective: 11,977 people engaged with us online (an increase of 28.8% on the previous year).

We said we would… In 2021/22 we…
Champion better use of data to help
inform the work of funders across London		 Shared our commitment to the better use of data
by actively engaging in networks and working
groups where we have the opportunity to share
our own approaches and inform the work of
others. This has included work alongside our
friends at DataKind UK and 360 Giving on how
funding data can be better used to inform future
approaches to investment, as well as joining the
steering group for the new Civic Society Strength
Index with the Greater London Authority (that will
bring together different measures of strength,
including funding, to inform investment in cold
spots in the capital, as well as valuing the assets
that exist in communities alongside any funding
our members provide to support action at a local
and regional level).
We also published our latest Impact report for
London’s Giving, which showcased data from 16
active schemes. Our findings showed how during
the pandemic, schemes responded to an upswing
in local giving in many parts of the city. They
engaged new donors and strengthened their links
with local business to residents. In the last year,
schemes distributed over £7.9m in grants, in
addition to over £300k of in-kind support. We
have actively shared this data and learning with
place-based funders across London to help inform
approaches to investing in place.
Share tools and ideas to encourage best
practice in the funding community		 Worked to share our learning from the London
Community Response and funder collaboration
with an international audience – speaking at virtual
events beyond the UK, including with corporates
through events hosted by our member Macquarie,
linking in to risk and disaster planning groups
through their membership network, and speaking
online at conferences and events from Ireland to
New Zealand.
Within London, we also provided advice and ideas
on best practice to members through involvement
in steering groups on the funding programmes they
were developing and delivering, including: being
part of the Challenge Group for A New Direction’s
funding to support young people in the culture
sector; the Building Strong Communities grants
programme with the GLA; the Cornerstone funding
group; judging the Delivery Recovery Innovation
grants for the GLA and partners; and contributing
to the task and finish group with City Bridge Trust

10

Report and Accounts for 2021/22

LONDON FUNDERS

on strategic investment in place-based giving
across London.
We also brought together all our learning and tools
from running funder collaboration – from the
London’s Giving movement to the London
Community Response – and made these available
on our relaunched website (which saw a doubling
in numbers of people accessing our resources).
These materials, available as our CollaborAction
Toolkit, cover best practice from participatory
grantmaking, working to promote equity and
justice in funding, to working effectively as a
partnership informed by common principles.
Recognising that we have a history of reports and
tools on best practice from before the covid crisis,
we also sought to identify the opportunities to
bring these ideas through for the future – inviting
civil society, funding and thinktank colleagues to
reflect on these reports and share their
perspectives on what these mean for the long-term
direction of funding beyond the pandemic. This
“reports reloaded” series was published on the
London Funders website and profiled through our
mailings to members, to share our learning.
Strengthening our connections with other
networks to share learning and act
together		 Commissioned work to review the experiences of
networks in other areas, and built connections to
funders and partnerships in these places to share
our learning and work together in the future. As
part of our work for our Advisory Group on Place
we produced a report with Renaisi exploring place
based funding approaches in other parts of the UK
and internationally – using examples from Canada,
New York, Scotland and Bradford to explore some
of the commonalities discovered across the case
studies and the influence funders are able to have
on the systems they operate in. Recommendations,
reflections and questions for discussion were
highlighted throughout, to support other funders
to use the material as a tool for learning and
explore how to implement a place-lens in their
work. Friends from these international networks
also worked with us to deliver workshops as part of
our Festival of Learning, to share this insight
further.
Strengthening our networks across civil society was
also a key feature of our work this year, seeing us
work as part of a steering group with partners
across sectors on the Festival of Ideas – which
brought together funders, civil society, public
sector and community partners to explore the
issues and ideas that were emerging that could act
as a springboard for collective action for the long-
term renewal of our city beyond covid-19. As well
as delivering and attending sessions as part of the
Festival, we were active in using the learning

11

Report and Accounts for 2021/22

LONDON FUNDERS

generated to feed in to discussions with funders about the opportunities to collaborate on longerterm funding programmes for London. Beyond these networks, we also maintained an active programme of speaking at events and networks to connect others to London Funders, and to benefit from the learning of others – we were part of the Runnymede conference on shared futures, took part in panel discussions with the Charity So White movement, engaged corporate partners through the School for Social Entrepreneurs partners group and at a conference hosted by Macquarie, events with London Community Foundation on covid recovery, sessions with the Small Charities Coalition as part of small charities week, and events with our equity partners from the London Community Response to share our learning and listen to grassroots groups about their experiences. This outward-facing part of our work has ensured we have access to early insights to help share our work and ensure it remains responsive and relevant to London’s communities.

We contributed, shaping policies that affect Londoners through our informed voice: 7,349 people engaged with our newsletters (an increase of 1.5% on the previous year).

We said we would… In 2021/22 we…
Produce reports to connect funders to
ideas, evidence and learning to enhance
their understanding of the needs of
Londoners		 Established our insight meetings programme,
which each month focuses in on a topic that
impacts on our city and our communities (from the
cost of living to the climate crisis), brings funders
together to hear from expert speakers and then
discuss actions that can be taken, all accompanied
by a report that brings together the key data and
insights to inform funder practice. This suite of
reports has strengthened access to data for
funders on the needs of Londoners, the issues that
need to be tackled, and the approach others are
taking within the system.
During the year we also published reports on the
learning from the London Community Response,
the key learning points from our Festival of
Learning, a review of what’s next for place-based
funding in London, and a strategy for immigration
advice in the capital (alongside many blogs
highlighting the learning and ideas that funders
need to strengthen their work).
Alongside these reports, we also developed new
tools to connect funders to the evidence and
insights that can help to shape their work, most
notably through our new data portal for the
London Community Response. This new tool
enables funders to review data from the 10,000+

12

Report and Accounts for 2021/22

LONDON FUNDERS

applications received through the shared portal –
providing a rich data source from groups who
answered consistent questions over the year on
the needs of their communities, on topics from
advice through to refugees – and generate bespoke
reports to aid their work in specific places or on
particular issues.
Help to shape thinking about the role of
place beyond covid-19		 Launched our Advisory Group on Place, chaired by
Kieron Boyle from Guy’s and St Thomas’
Foundation and bringing together perspectives
from funders, civil society, think tanks and partners
beyond London, to explore what we mean by
funding in place and how to do this effectively.
Supporting the work of the group we
commissioned essays from Renaisi on the relevant
of place in London’s funding landscape, particularly
in the context of the pandemic, and identified a
series of questions to explore in the coming year to
strengthen our work in place for the longer term.
With such a significant number of our members
focused in on funding in place, we also extended
our programme of support for borough funder
forums, which bring together local authorities with
place-based funders and partners in each borough
to look at issues of concern to local communities,
and collaborative solutions to tackling these. We
now support funder forums in nine boroughs, and
worked with over 100 partner organisations to
rethink and reshape their work in place over the
course of the year.
Ensure members are connected to policy
news affecting their work, and that policy-
makers have a better understanding of
the funding community in London		 Actively participated in a range of policy and
practice focused groups where the experiences of
our members could helpfully contribute to the
shaping of future strategies – this included
representing the funding community on the Mayor
of London’s Violence Reduction Unit Partnership
Board, the Migration and Refugee Advisory Panel
for London, the London Recovery Board, and the
mission groups for Building Strong Communities
and the Robust Safety Net. Through our
engagement in these groups we were able to bring
policy issues back to member networks to discuss,
and take ideas and insights from members to these
meetings to help shape responses of public sector
partners to the challenges facing Londoners.
We also contributed evidence to policy reviews
where our own experience, or evidence from our
members, could make a helpful contribution to
understanding the role of the funding community
in supporting our city – most notably in our
contributions to the Harris Review of emergency
preparedness in London, where we were able to
share experiences from the covid response, but
also the funder response to the Grenfell Tower fire,
and also from our work alongside our friends at the

13

Report and Accounts for 2021/22

LONDON FUNDERS

London Emergencies Trust.

We also brought funders together with policy thinkers and decision makers through our meetings and events, giving the opportunity for funders to hear directly from people involved in shaping the environment for our communities, and contributing their own perspectives to inform this work – including a panel on levelling up, bringing together politicians, funders, journalists and civil society representatives to consider the impact of national policy direction on London’s communities.

We encouraged cooperation, enabling funders to commit to working together to tackle the issues facing London: increasing membership to 174 funders working together (with 85% reporting that they were engaged with opportunities to collaborate through London Funders).

We said we would… In 2021/22 we…
Enable longer-term funder collaboration
across London to support London’s civil
society		 Committed to work that builds on the legacy of the
London Community Response to design and deliver a
funder collaboration that works with communities
for the long-term to tackle some of the systemic
issues affecting our communities. Over the course of
the year we worked with funders and equity partners
to produce a statement of commitment, outlining
our collective view that we need to work across
sectors in ways that are bold, trusting and equitable
if we are to achieve the change we wish to see.
Following this statement we established strategic
working groups that brought together funders, civil
society and equity partners to review opportunities
to collaborate, building programmes from the
ambitions of the missions set by the London
Recovery Board. We have undertaken work to
secure commitments from funders to enable
collaborative funding programmes to be designed,
and began work during the year on shaping the
criteria and priorities for this work so that groups
best placed to achieve systemic change were able to
access the resources they need for the years ahead.
Develop, share and use tools for
collaboration between funders		 Commissioned, developed and published resources
to support members and partners to work together
to tackle the issues London’s communities face –
including new resources exploring the governance of
place-based collaborative giving schemes,
accompanied by masterclasses for funders to use
these tools in their work.
This year we also developed and launched a strategy
for funding immigration advice in London, funded by
the Paul Hamlyn Foundation with a grant from the
GLA. The strategy is a collaborative effort, drawing
on London Funders’ members and networks, on the
knowledge of numerous funders across the
independent, public and corporate sectors, and on

14

Report and Accounts for 2021/22

LONDON FUNDERS

the expertise of organisations working in the
immigration advice sector to support Londoners.
The strategy makes the case that limited access to
good immigration advice will increase demand and
exacerbate hardship in connected sectors that many
of our members support such as children and young
people, families, poverty, employment, education,
domestic abuse, health, homelessness, racial justice,
criminal justice, strong communities and covid
recovery. The strategy identifies the opportunities
and priorities for funders, and what good funder
practice looks like in this area, and we have been
working with members through our advice network
to look at how this can be used as a practical tool for
cross-sector collaboration.
Enable active collaboration between funders
to strengthen London’s civil society		 Focused in on emerging issues and worked with
members to provide the collaborative spaces for
joint action in support of our communities. During
the year we brought members together for the
London Refugee Response collaboration, identifying
ways to work in collaboration to support arrivals
from Afghanistan. This work included convening
working groups, collating and sharing data and
insights, hosting roundtables connecting funders
with groups who had funding needs, supporting joint
funding of key response and coordination bodies,
and continuing to share updates and opportunities
for collaboration across funders. This work was
further supported by our development of an online
resource hub that was updated with intelligence to
support funder collaboration. This experience has
provided us with a template for collaborative action
in response to a crisis, that has been used beyond
the end of the year we are reporting on to support
collaboration around the arrival of Ukrainian
communities, and in response to the cost of living
crisis.
Alongside our own collaboration work, we have been
actively supporting others who are leading
collaboration opportunities that bring funders
together – from our regular meetings with the
Community Justice Fund partnership on
opportunities to share learning, to our membership
of the School for Social Enterpreneurs’ Enterprise
Grants Taskforce, identifying ways funders can work
differently together with social enterprises to
support their growth and sustainability.

15

Report and Accounts for 2021/22

LONDON FUNDERS

PLANS FOR 2022/23

Through engagement with members, civil society groups and partners across sectors over the last year we have developed a strong and clear strategy for the period through to 2030, which we will begin delivering against during 2022/23.

We’ve clarified our purpose as being to bring funders together to build a better London by taking action on what matters to our city and our communities.

We’ve outlined our ambitions for the years ahead, which are to:

We’ve also identified the methods we’ll use to achieve these ambitions, which will see us:

Whilst working towards our ambitions we will also maintain our agility – responding to events and developments as they arise in London, to ensure we are effective at addressing emerging needs.

The year 2022-23 will see us deliver a range of activities linked to our new strategy, including:

All of this can only be achieved with the support of our amazing members from across London’s diverse funding community, and in partnership with the incredible civil society groups working with all our communities – the inspiration of these people will continue to drive our work, and enable us to ensure that our activities remain responsive and achieve the greatest impact we can for the city we love.

16

Report and Accounts for 2021/22

LONDON FUNDERS

Risk management

The Board maintains awareness of areas which could represent risks for London Funders, assessing on grounds of likelihood and impact governance, market position, external factors, external credibility, operational and internal factors, and financial sustainability. The Board and staff aim to ensure that there are controls which minimise the likelihood of risks within these, if this is within London Funders’ ability, and lessen their impact. Any areas still considered high risk are regularly reviewed by the Board at its quarterly meetings.

Reserves policy

In June 2022 the Board undertook a risk review and as a result of that agreed that the Reserves Policy should be to: “ maintain free reserves in unrestricted funds equal to at least six months’ expenditure on all costs (except those associated with longer-term funder collaboration initiatives)” .

As at 31 March 2022 free reserves totalled £199,574, equal to 5.17 months’ core running costs. As this amount is below target, Trustees have reviewed the budget for 2022/23 with the aim of achieving a small operational surplus so that the free reserves move to be in line with our policy.

Donors and supporters in 2021-22

London Funders is grateful to City Bridge Trust for continuing to fund some of our core costs, and for supporting the London’s Giving Project.

During the year London Funders began work on exploring other UK and international examples of funder collaboration in place, thanks to funding from the National Lottery Community Fund.

Work also commenced during the year on the development of a longer-term funder collaboration in London, supported by a grant from the Greater London Authority towards the costs of employing the Funder Collaboration Coordinator post.

London Funders’ core income comprised membership subscriptions, grants mentioned above, and small amounts of additional income from providing services and support to other organisations. Whilst our income from subscriptions continues to grow, this is primarily as a result in growth in memberships, as subscription levels were frozen from 2011 to 2018 and have only increased at the annual rate of inflation since then.

Overall we are showing a £6,011 deficit for the period covered by this report – of this £913 was a surplus on Unrestricted funding, and £6,924 is a deficit against Restricted funds (reducing the Restricted funds carried forward into the next financial year). As noted in the reserves policy, the surplus in the Unrestricted funds has helped move the charity to its target for reserves, but further work will be done in the coming financial year to ensure the policy is met.

Preparation of the report

This report of the Board has been prepared taking advantage of the small companies exemption of section 417 (1) of the Companies Act 2006. It was approved and authorised for issue by the Board on 1 December 2022 and signed on its behalf by

David Farnsworth, Chair, London Funders

17

Report and Accounts for 2021/22

LONDON FUNDERS

Statement of Trustees Responsibilities

The trustees are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Charity law requires the trustees to prepare financial statements for each financial year that give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for the year. In preparing those financial statements the trustees are required to:

The trustees are responsible for keeping accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and regulations made there under. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of the financial statements and other information included in annual reports may differ from legislation in other jurisdictions.

18

Report and Accounts for 2021/22

LONDON FUNDERS

Independent Examiners Report to the Executive Committee of London Funders for the year ended 31 March 2022

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

Since the Company’s gross income exceeded £250,000, I confirm that I am qualified to undertake the examination because I am a member of the ICAEW, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Anthony Epton BA FCA CTA FCIE Goldwins

Chartered accountants 75 Maygrove Road

West Hampstead London NW6 2EG

1 December 2022

19

London Funders

Statement of financial activities

(incorporating an income and expenditure account)

For the year ended 31 March 2022

Note
Income from:
Donations/legacies & other income
2
Charitable activities:
3
London's Giving
Covid-19 response funding
Membership services
Investment income
4
Total income
Expenditure on:
Raising funds
5
Charitable activities:
5
London's Giving
Covid-19 response funding
Membership services
Total expenditure		 Unrestricted
Funds
£
3,600
-
-
235,451
490
239,541
4,597
-
-
234,031
238,628		 Restricted
Funds
£
-
100,000
-
69,000
-
169,000
-
106,939
-
68,985
175,924		 2022
Total
Funds
£
3,600
100,000
-
304,451
490
408,541
4,597
106,939
-
303,016
414,552		 2021
Total
Funds
£
15,180
100,000
168,601
284,466
378
568,625
4,591
77,941
168,280
232,393
483,205
6
Net income/(expenditure) for the year		 913 (6,924) (6,011) 85,420
Transfers between funds - - - -
Net movement in funds 913 (6,924) (6,011) 85,420
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 198,661
199,574		 22,059
15,135		 220,720
214,709		 135,300
220,720

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. The attached notes form part of these financial statements.

20

London Funders Balance sheet As at 31 March 2022

Note
Fixed assets:
9
Current assets:
10
Liabilities:
11
13
Total unrestricted funds
Unrestricted funds:
Debtors
Funds
General funds
Total funds
Creditors: amounts falling due
within one year
Restricted funds
Cash at bank
Net current assets
Total net assets
Tangible assets		 2022
£
3,709
273,940		 2022
£
-
214,709		 2021
£
38,800
248,117		 2021
£
-
220,720
277,649
(62,940)		 286,917
(66,197)
199,574 198,661
214,709 220,720
15,135
199,574		 22,059
198,661
214,709 220,720

The company is entitled to the exemption from the audit requirement in section 477 of the Companies Act 2006, for the year ended 31 March 2022. No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these accounts.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act; and preparing accounts which give a true and fair view of the state of affairs of the company at 31 March 2022 and of its result for the year ended in accordance with section 394 and 395, and otherwise comply with the requirements of the Act relating to accounts, so far as applicable to the company.

The financial statements have been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.

Approved by the trustees on 1 December 2022 and signed on their behalf by:

----- Start of picture text -----
David Farnsworth Ugo Ikokwu
Chair Treasurer
----- End of picture text -----

Company registration no. 5596299

The attached notes form part of the financial statements.

21

London Funders Statement of cash flows For the year ended 31 March 2022

London Funders
For theyear ended 31 March 2022
Statement of cash flows		 London Funders
For theyear ended 31 March 2022
Statement of cash flows
Note
2022
£
15
Cash flows from investing activities:
Interest/ rent/ dividends from investments
490
Cash provided by / (used in) investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
16
Net cash provided by / (used in) operating activities		 2022 ##
£
£
25,333
##
490
25,823
248,117
273,940		 2021
£
378		 2021
£
56,544
378
56,922
191,195
248,117

22

London Funders Notes to the financial statements For the year ended 31 March 2022

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102 - effective 1 January 2015) - (Charities SORP FRS 102) and the Companies Act 2006.

The charitable company meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

Going concern

The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern. The trustees do not consider that there are any sources of uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Income received in advance for the provision of specified service is deferred until the criteria for income recognition are met.

Donations of gifts, services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not recognised so refer to the trustees’ annual report for more information about their contribution.

On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

23

London Funders Notes to the financial statements For the year ended 31 March 2022

1 Accounting policies (continued) Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of charity. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.

Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

Tangible fixed assets

Items of equipment are capitalised where the purchase price exceeds £500. Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Fixtures and fittings 33% Computer equipment 33%

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

24

London Funders Notes to the financial statements For the year ended 31 March 2022

2
Income from donations/legacies & other income
Current Year
Other income
Prior year
Other income		 £
3,600
3,600
£
15,180
15,180
Unrestricted
Unrestricted		 £
-
-
£
-
-
Restricted
Restricted		 2022
Total
£
3,600
3,600
2021
Total
£
15,180
15,180		 2021
Total
£
15,180
15,180
2020
Total
£
17,470
17,470
3
Income from Charitable Activities
Current Year
London's Giving
City Bridge Trust
Total for London's Giving
Covid-19 response funding
City Bridge Trust
Greater London Authority
Paul Hamlyn Foundation
United St Saviour's Charity
London Community Foundation
MHCLG
Total for COVID 19 funding
Membership Services
City Bridge Trust
Paul Hamlyn
Greater London Authority
National Lottery Community Fund
Membership fees
Total for Membership Services
Total income from charitable activities
Prior year
London's Giving
City Bridge Trust
Total for Londons Giving
Covid-19 response funding
City Bridge Trust
Greater London Authority
Paul Hamlyn Foundation
United St Saviour's Charity
London Community Foundation
MHCLG
London Emergency Trust
Total for COVID 19 funding
Membership Services
City Bridge Trust
Paul Hamlyn
Membership fees
Total for Membership Services
4
Income from investments
Bank interest		 £
-
-
-
-
-
-
-
-
-
-
6,000
-
-
229,451
235,451
235,451
£
-
-
80,101
50,000
18,000
8,000
7,500
5,000
-
168,601
-
12,000
209,966
221,966
390,567
£
490
490
Unrestricted
Unrestricted
Unrestricted		 £
100,000
100,000
-
-
-
-
-
-
-
12,500
-
19,000
37,500
-
69,000
169,000
£
100,000
100,000
-
-
-
-
-
-
-
-
62,500
-
-
62,500
162,500
£
-
-
Restricted
Restricted
Restricted		 2022
Total
£
100,000
100,000
-
-
-
-
-
-
-
12,500
6,000
19,000
37,500
229,451
304,451
404,451
2021
Total
£
100,000
100,000
80,101
50,000
18,000
8,000
7,500
5,000
-
168,601
62,500
12,000
209,966
284,466
553,067
2022
Total
£
490
490		 2021
Total
£
100,000
100,000
80,101
50,000
18,000
8,000
7,500
5,000
168,601
62,500
12,000
-
-
209,966
284,466
553,067
2020
Total
£
100,000
100,000
-
-
-
-
-
-
-
-
50,000
-
194,443
244,443
344,443
2021
Total
£
378
378

25

London Funders

Notes to the financial statements For the year ended 31 March 2022

5 Analysis of expenditure (this financial year)

Staff remuneration
Other staff costs
Project/development costs
Meetings and events
Rent & related services
Postage & stationery
Telephone
Depreciation
Photocopying & printing
Insurance
ICT & website
Sundry expenses
Committee members' expenses
Bookkeeping and finance
Independent examiner's fees
Total expenditure 2022
Total expenditure 2021		 £
4,597
-
-
-
-
-
-
-
-
-
-
-
-
-
-
4,597
4,591
Cost of
raising
funds		 CBT Projects
Londons Giving
£
45,220
10
50,793
1,785
-
558
115
-
1,038
-
7,420
-
-
-
-
106,939
140,441		 Membership
subs/events
£
£
227,736
-
7,714
-
11,487
-
8,644
-
14,850
-
448
-
1,021
-
-
-
5,855
-
890
-
19,461
-
271
-
-
561
-
2,343
-
1,735
298,377
4,639
334,623
3,550
Governance
costs		 2021 Total
£
277,553
7,724
62,280
10,429
14,850
1,006
1,136
-
6,893
890
26,881
271
561
2,343
1,735
414,552
483,205		 2020 Total
£
263,057
2,467
174,655
4,353
14,593
533
1,443
2
6,292
860
11,007
393
59
2,271
1,220
483,205

Of the total expenditure, £238,028 was unrestricted (2021: £342,764) and £172,942 was restricted (2021: £140,441).

26

London Funders Notes to the financial statements For the year ended 31 March 2022

5

Analysis of expenditure

(previous financial year)

Staff remuneration
Other staff costs
Project/development costs
Meetings and events
Rent & related services
Postage & stationery
Telephone
Depreciation
Photocopying & printing
Insurance
ICT & website
Sundry expenses
Committee meeting expenses
Bookkeeping and finance
Independent examiner's fees
Professional fees
Total expenditure 2021
Total expenditure 2020		 Cost of
raising
funds
£
4,591
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
4,591
4,257		 CBT
Projects
Londons
Giving
£
108,395
-
27,509
740
-
-
-
-
2,457
-
1,340
-
-
-
-
-
140,441
154,410		 Membership
subs/events
£
150,071
2,467
147,146
3,613
14,593
533
1,443
2
3,835
860
9,667
393
-
-
-
-
334,623
168,405		 Governance
costs
£
-
-
-
-
-
-
-
-
-
-
-
-
59
2,271
1,220
-
3,550
4,535		 2021 Total
£
263,057
2,467
174,655
4,353
14,593
533
1,443
2
6,292
860
11,007
393
59
2,271
1,220
-
483,205
331,607		 2020 Total
£
186,105
3,032
89,308
16,277
12,067
760
1,143
-
8,764
752
8,274
590
-
2,338
2,197
-
331,607

Of the total expenditure, £342,764 was unrestricted (2020: £177,197) and £140,441 was restricted (2020: £154,410).

27

London Funders Notes to the financial statements For the year ended 31 March 2022

6 Net income / (expenditure) for the year

This is stated after charging / (crediting):

This is stated after charging / (crediting): 2022 2021
£ £
Depreciation - 2
Independent Examiner remuneration:
Independent Examiner's fees 1,583 1,446
7
Staff costs were as follows:
Salaries and wages
Social security costs
Employer’s contribution to defined contribution pension schemes
Analysis of staff costs, trustee remuneration and expenses,
and the cost of key management personnel		 2022
£
240,532
21,171
15,850		 2021
£
227,958
20,918
14,181
277,553 263,057

The number of employees who received total employee benefits (excluding employer pension costs) of more than £60,000, in the year to 31 March 2022 was as follows:

£70,001 - £80,001

2022 2021
1 1

The total employee benefits including pension contributions and national insurance contributions of the key management personnel were £91,946 (2021: £91,826).

The charity trustees were not paid or received any other benefits from employment with the charity in the year (2021: £nil) neither were they reimbursed expenses during the year (2021: £nil). No charity trustee received payment for professional or other services supplied to the charity (2021: £nil).

Staff numbers

The average number of employees (head count based on number of staff employed) during the year was as follows:

Raising funds
Charitable activities
Support
Governance		 2022
No.
0.05
4.65
0.2
0.1		 2021
No.
0.05
4.15
0.2
0.1
5.00 4.50

8 Taxation

The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

28

London Funders Notes to the financial statements For the year ended 31 March 2022

Tangible fixed assets
Cost
At the start of the year
At the end of the year
Depreciation
At the start of the year
Charge for the year
At the end of the year
Net book value
At the end of the year
At the start of the year		 £
1,940
Fixtures and
fittings		 £
2,996
Computer
equipment		 Total
£
4,936
1,940 2,996 4,936
1,940
-		 2,996
-		 4,936
-
1,940 2,996 4,936
- - -
- - -

All of the above assets are used for charitable purposes.

10
Debtors
Trade debtors
Other debtors
Prepayments
11
Creditors: amounts falling due within one year
Trade creditors
Taxation and social security
Other creditors
Accruals
Deferred income
Deferred income
Balance at the beginning of the year
Amount released to income in the year
Amount deferred in the year
Balance at the end of the year		 2022
£
1,880
-
1,829		 2021
£
37,900
-
900
3,709 38,800
2022
£
26,465
-
2,175
2,800
31,500		 2021
£
60,386
-
2,311
3,500
-
62,940 66,197
2022
£
-
-
31,500		 2021
£
25,000
(25,000)
-
31,500 -

Deferred income comprises Grant/memberships paid in advance

29

London Funders Notes to the financial statements For the year ended 31 March 2022

12 Analysis of net assets between funds

Tangible fixed assets
Net current assets
Net assets at the end of the year
13
Movements in funds
Current year
Restricted funds:
City Bridge Trust Fund - Membership core
City Bridge Trust Fund - Londons Giving
National Lottery Community Fund
Greater London Authority
Total restricted funds
Unrestricted funds:
General funds
Total unrestricted funds
Total funds
13
Movements in funds
Prior year
Restricted funds:
City Bridge Trust Fund - Membership core
City Bridge Trust Fund - Londons Giving
Total restricted funds
Unrestricted funds:
General funds
Total unrestricted funds
Total funds		 £
-
22,059
-
-
At the
start of
the year		 £
12,500
100,000
37,500
19,000
Incoming
resources
& gains		 General
unrestricted
£
-
199,574		 Restricted
£
-
15,135		 Total
funds
£
-
214,709
199,574 15,135 214,709
£
12,500
106,939
37,500
18,985
Outgoing
resources
& losses		 Transfers
£
-
-
-		 £
-
15,120
-
15
At the
end of
the year
22,059 169,000 175,924 - 15,135
198,661 239,541 238,628 - 199,574
198,661 239,541 238,628 - 199,574
220,720 408,541 414,552 - 214,709
£
-
-
At the
start of
the year		 £
62,500
100,000
Incoming
resources
& gains		 £
62,500
77,941
Outgoing
resources
& losses		 Transfers
£
-
-		 £
-
22,059
At the
end of
the year
- 162,500 140,441 - 22,059
135,300 406,125 342,764 - 198,661
135,300 406,125 342,764 - 198,661
135,300 568,625 483,205 - 220,720

Purposes of restricted funds

The income of the charity includes grants received for specific restricted projects. The trustees' report includes a description of the activities of each project.

30

London Funders Notes to the financial statements For the year ended 31 March 2022

14 Reconciliation of net income / (expenditure) to net cash flow from operating activities

Reconciliation of net income / (expenditure) to net cash flow from operating activities
Net income / (expenditure) for the reporting period
(as per the statement of financial activities)
Depreciation
Interest, rent and dividends from investments
(Increase)/ decrease in debtors
Increase/ (decrease) in creditors
Net cash provided by / (used in) operating activities		 2022
£
(6,011)
-
(490)
35,091
(3,257)		 2021
£
85,420
2
(378)
(29,974)
1,474
25,333 56,544

15 Analysis of cash and cash equivalents

Analysis of cash and cash equivalents
Cash at bank and in hand
Total cash and cash equivalents		 £
248,117
At 1 April
2021		 Cash flows
£
25,823		 £
-
Other
changes		 £
273,940
At 31
March 2022
248,117 25,823 - 273,940

16 Legal status of the charity

The charity is a company limited by guarantee and has no share capital. Each member is liable to contribute a sum not exceeding £1 in the event of the charity being wound up.

17 Related party transactions

There are no related party transactions to disclose for 2022 (2021: none).

31