2023-03-31-accounts - Funders Together

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Trustees' Report		2to 14
Statement ofTrustees'	Responsibilities	15
Independent Examiner's	Report	16
Statement of Financial Activities		17
Balance Sheet		18
Cash Flow Statement		19
Notes to the Financial Statements		20to 28

Nasyah Bandoh	Membership Manager (joined	20 February 2023)
James Banks	Chief Executive (and Company	Secretary)
Geraldine Blake	Director ofCollaboration and	Development
Malene Bratlie	Learning and Communications	Manager
Louise Henry	Programme Development Manager (joined 20 February 2023)
Jessica Herbert	Team Coordinator
Helen Mathie	Director of Partnerships and Place
Grace Perry	Head of Programme Delivery
Kamari Romeo	Events and Administration Coordinator (joined 20 February 2023)

Bankers
Unity Trust	Bank	Charity Bank	CAF Bank
Four Brindleyplace		Fosse House, 182 High Street	25 Kings	Hill Avenue,		Kings Hill
Birmingham	B12JB	Tonbridge TN9 1BE	West Mailing,		Kent ME194JQ

Solicitors	Solicitors
Russell-Cooke		LLP
2 Putney	Hill
London	SW15	6AB

Forthe year e	n	ded 31 March 202	3
						2023	2022
				Unrestricted	Restricted	Total	Total
			Note
Income from:
Donations/legacies		8 other income		3,780		3,780	3,600
Charitable activities:
London's Giving					100,000	100,000	100,000
Propel					426,820	426,820
Membership services				234,103	117,402	351,505	304,451
Investment income				1,833		1,833	490
Total income				239,716.	644,222	883,938	408,541
Expenditure on:
Raising funds				5,036		5,036	4,597
Charitable activities:
London's Giving					106,647	106,647	106,939
Propel					421,872	421,872
Membership services				135,087	117,417	252,504	303,016
Total expenditure				140,123	645,936	786,059	414,552
Net Income for the		year		99,593	(1,714)	97,879	(6,011)
Transfers between	funds
Net movement In	funds			99,593	(1,714)	97,879	(6,011)
Reconciliation of	funds:
Total funds brought		forward		199,574	15,135	214,709	220,720
Total funds carried		forward		299,167	13,421	312,588	214,709

Forthe year ended 3	1 March 20	23
			Note	2023	2023	2022	2022
Net cash provided by/(used In) operating activities			14		215,775		25,333
Cash flows from investing	activities:
Interest/ rent/ dividends from investments				1,833		490
Cash provided by/(used	In) investing	activities			1,833		490
Change In cash and cash	equivalents	ln the year			217,608		25,823
Cash and cash equivalents	at th'e beginning ofthe year				273,940		248,117
Cash and cash equivalents	at the end	ofthe year	15		491,548		273,940

F	orthe year ended 31March 2	orthe year ended 31March 2	orthe year ended 31March 2	orthe year ended 31March 2	orthe year ended 31March 2	023
2	Income from donations/legacies					&other Income
									2023	2022
	Current Year						Unrestricted	Restricted	Total	Total
							E	E		E
	Other income						3,780		3,780	3,600
							3,780		3,780	3,600
									2022	2021'
	Prior year						Unrestricted	Restricted	Total	Total
							E		E	E
	Other income						3,600		3,600	15,180
							3,600		3,600	15,180
3	Income from Charitable Activities
	Current Year								2023	2022
							Unrestricted	Restricted	Total	Total
	London's Giving						E	E	E	E
	City Bridge Trust							100,000	100,000	100,000
	Total for London's	Giving						100,000	100,000	100,000
	Propel
	City Bridge Trust							255,000	255,000
	Greater London Authority							65,000	65,000
	Bloomberg							50,000	50,000
	John Lyon's Charity							10,000	10,000
	National Lottery Community			Fund				46,820	46,820
	Total for Propel							426,820	426,820
	Membership Services
	City Bridge Trust							65,902	65,902	12,500
	Paul Hamlyn Foundation									6,000
	Trust for London							20,000	20,000
	Greater London Authority							19,000	19,000	19,000
	National Lottery Community			Fund				12,500	12,500	37,500
	Membership fees						234,103		234,103	229,451
	Total for Membership		Services				234,103	117,402	351,505	304,451
	Total Income from	charitable			activities		234,103	644,222	~7,325	404,451
	Prior year								2022	2021
							Unrestricted	Restricted	Total	Total
	London's Giving						E	E	E	E
	City Bridge Trust							100,000	100,000	100,000
	Total for Londons	Giving						100,000	100,000	100,000
	Covld-19 response	funding
	City Bridge Trust									80,101
	Greater London Authority									50,000
	Paul Hamlyn Foundation									18,000
	United StSaviour's	Charity								8,000
	London Community	Foundation								7,500
	MHCLG									5,000
	Total for COVID 19funding									168,601
	Membership Services
	City Bridge Trust							12,500	12,500	62,500
	Paul Hamlyn						6,000		6,000	12,000
	Greater London Authority							19,000	19,000
	National Lottery Community			Fund				37,500	37,500
	Membership fees						229,451		229,451	209,966
	Total for Membership		Services				235,451	69,000	304,451	284,466
							235,451	169,000	404,451	553,067
4	Income from Investments								2023	2022
							Unrestricted	Restricted	Total	Total
							E	E	E	E
	Bank interest						1,833		1,833	490
							1,833		1,833	490
							22

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6	Net Income I(expenditure) forthe year	Net Income I(expenditure) forthe year
	This is stated after charging I(crediting):										2023	2022
												E
	Independent Examiner remuneration:
	Independent Examiner fees										.1,735	1,735
											1,735	1,735
7	Analysis ofstaff costs, trustee remuneration			and expenses,
	and the costofkey management personnel
	Staff costs were as follows:										2023f	2022f
	Salaries and wages										286,711	240,532
	Social security costs										27,268	21,171
	Employer's contribution to defined contribution		pension		schemes						19,751	15,850
											333,730	277,553
	The number of employees who received	total	employee		benefits	(excluding		employer	pension costs)		of more than 860,000were
	as follows:
											2023	2022
	f70,001 - f60,001
	680,001 - 690,001
	The total employee benefits including pension personnel were f100,721 (2022:E91,946).			contributions		and	national	insurance		contributions	of the key management

The	average	number	ofemployees	(head	count	based	on	number	ofstaff	employed)	during	the	year	was as follows:
														2023	2022
														No.	No.
														0.85	0.05
														5.85	4.15
														0.2	0.2
														0.1	0.1
														6.20	4.50

Balance	at the beginning of	the year
Amount	released to income	in the year
Amount	deferred in the year
Balance	at the end ofthe year

2023	2022
	8
2,020	1,880
440
217	1,829
2,877	3,709
2023 8	2022f
31,218	26,465
2,589	2,175
2,850	2,800
145,000	31,500
181,837	62,940
2023	2022
31,500
(31,500)
145,000	31,500
145,000	31,500

12	Analysis ofnet assets between	Analysis ofnet assets between	funds	funds
							General		Total
							unrestricte	Restricted	funds
							6	6	6
	Tangible fixed assets
	Net current assets						299,167	13,421	312,588
	Net assets at the end ofthe year						299,167	13,421	312,588
13	Movements In funds				At the	Incoming	Outgoing		At the
	Current year				start of	resources	resources		end of
					the yearf	8 gains	8 losses	Transfers 6	the year
	Restrlctedfunds:
	City Bridge Trust Fund - Membership			core		65,902	65,902
	City Bridge Trust Fund - Londons		Giving		15,120	100,000	106,647		8,473
	Trust for London					20,000	20,000
	National Lottery Community	Fund				12,500	12,500
	Greater London Authority				15	19,000	19,015
	Propel					426 820	421 872		4,948
	Total restricted funds				15,135	644,222	645,936	-	13,421
	Unrestricted funds:
	'General funds				199,574	239,716	140,123		299,167
	Total unrestricted funds				199,574	239,716	140,123		299,167
	Total funds				214,7119	003,930	700,009		312,588
13	Movements In funds				At the	Incoming	Outgoing		At the
	Prior year				start of	resources	resources		end of
					the year	&gains E	&lossesf	Transfers E	the year
	Restricted funds:
	City Bridge Trust Fund - Membership			core		12,500	12,500
	City Bridge Trust Fund - Londons		Giving		22,059	100,000	106,939		15,120
	National Lottery Community	Fund				37,500	37,500
	Greater London Authority					19,000	18,985		15
	Total restricted funds				22,059	169,000	175,924		15,135
	Unrestricted funds:
	General funds				198,661	239,541	238,628		199,574
	Total unrestricted funds					35,5
	Total funds				Y22,720	400,041	4'14,552		214,709
	Purposes ofrestricted funds

Fo	rthe year ended 31March 2023	rthe year ended 31March 2023
14	Reconciliation ofnet income I(expenditure)		to net cash flow from operating	activities
						2023	2022
						E	E
	Net Income / (expenditure) forthe reporting		period			97,879	(6,011)
	(as per the statement offinancial	actlvlNes)
	Depreciation
	Interest, rent and dividends from investments					(1,833)	(490)
	(Increase)/ decrease in debtors Increase/ (decrease) in creditors					1,032 118,697	35,091 ~3,257
	Net cash provided by /(used In) operating		activities			215,775	25,333
15	Analysis ofcash and cash equivalents						At 31
			At 1 April			Other	March
			2022 f		Cash flows E	changes f	2023 E
	Cash at bank and in hand		273,940		217,808		491,548
	Total cash and cash equivalents		273,940		217,808	-	491,548