Company no. 5669443 Charity no. IEn9land & wa$) 1130568 Charity no. IScolland} SC047314 The Involve Foundation Report and Audited Financial Statements 31 March 2023 ACAL041K 2410&12023 COMPANIES HOUSE *72
Th• Involv• Foundatio Ref•r•nc• and admlnl$tratlv• detalls For the ear ended 31 M•r¢h 2023 Company number 5669443 Charity numbers 1130568 and SC047314 R•glster•d office and opefational addrnss Oxford Houso Derbyshire Strgot London E2 6HG Trustees Truslees. who a also ¢JlrectOfS un(Jer company law, who wved during the year and up to the date ol thi$ report were as folbm: Claire Ainsley Paul Braithwaite Andrew Cave Edward Cox Temidaw) Eseonu Kathryn Jones Juliè Melk)r Gdam Morshed Sharon Squires Hannah Whrte (Appornted 20 April 20231 (Chair) (Resig 30 September 20221 {Dewty Chairl Company secretary Sarah Castel Key mana9ernent personnel Sarah Casldl Sarah Allan Calum Green Kaela Scott Clive Mitchell Gareth Bridges {CEOI {Resi9ned 15 February 2023) (Apwnied 3 January 20231 Bankers Unity Trust Bank 9 Brindley Place &'rmin9ham B12HB CCLA Senator House 85 Queen Victoria Street LoThJon EC4V 4ET Auditors" Godfrey Wilson Limited Charteied accountsnts and stabjtory auditors 5th Fknr Mariner House 62 Prince stet Brislol BS1 4QD
The Involve Foundatlon Report of lh• trustees For th• ear ended 31 March 2023 The trustee5, who are atso d1clOr$ under company law. present their port and financial statements for the year ended 31 March 2023. The reference and Jministratwe infom)ab"on set out on page 1 forms part of this rèport. The financial statements compty with rrent statutory requirements. the Memorandum and Arbcles of Association, and the Statement of Recommended Practice - Accounting and Reporting by Charities {effective from January 20191. Objectives Our vision ts of a vlbrant UK d•mocracy. with people at the heart of decislon making. And our missK)n is lo develop. support and campaign for new ways of involving people In th• de¢i$ions that affect thoir livos. To achieve this mission, our work focuses on delivering Ihese outcomes." Oemo¢ratl¢ nomis - Participatson and deliberation are recognised as essential featu$ for a healihy modem democracy by the public. sotyety an¢J de¢isK)n-makers-, Political support - People in poSn5 of power and influence across society and the political spectrum understand and acb.vely support the use ol parts"cipalory aTrJ deliberative decision- making.. Frequent use- There is frequent use of participatory and delib8rative processes supported by the right resources (people. budgets) both inside and outside of politiGal insti(ub'ons". Eviden¢¢ and pra¢ti¢o - There is an a¢cessible and well-communicated body of evidence aThJ praclice that demonstrates the impact of our vision and how lo achieve it", Clear standards There are clear prinaple5 arvj standards that support good PraCte in delivering and embedding partiupalory aThJ dek"beralive processes. which ale widety understood and folk)wed,' and Democratic innovations - There is continuous kaming and innovatton to improve democraey and related practsce. Our vision and mission support our core charitable objective5, which afe". To advance educatson for the public benefil in methods and processe5 of public participation., To promote good citizenship for the public benefft by encouraging and facilitating participation by the public in democralrc and decision-making processes. Wth an intended outcome of enabliThJ Peop lo develop their capaolies. help meet their needs and participate more fully in society. In shaping our objectives for the year. and planning our actwikn"es. the trustees have consK1ered the Charity Commission's guidance on public beneltt. Actlvltles. achievements and perfornian¢e Thr¢JJghoul the year, Invofve has conb.nued lo work wth decision makers across the UK to support public involvement in the decisions Ihal affect their lives. The public have been engaged in thousands of hours of learning, deliberab"ng. making recommendations and holding decision makers to a¢cwnt. Aongyde this. we have developed our stralegic functions Trith the CEO and Dire¢lor of Advocacy and Communicatsons, 8ppoinled during 2012122 and becoming fully embedded, and with our first Director ol Finance and Support Services appointed in January 2023. During the year. we have delivered some innovattve and strategically important projects brsnging voices ol the public into new spaces and increasing parb"cipation and the use of deliberative methods. Our annual report published on our website provides gater depth insight inlo our work and achievements. and a flavour of our projects undertaken this year are described here:
The Involve Foundation Report of the trustees For the ear ended 31 March 2023 People's plan for nature: movlng Citizen's Asswnblies and deliberative approaches beyond gov•rnment institutions. The People's Plan for Natu set out in 2022 to be the UK'S bHJgest ever convetsation about the future of nature. Commissioned by RSPB, WWF and the Nats"onal Trust. the proiecl adopted a participalory model as a way lo build a publi¢ mandate for a series of recommendations lo protect and festore nature including the role of Nabonal and Local Government, Businesses, Charities and NGOS and Individuals ènd communities. A Citizens, Assembly of 103 members met online and in peison over four weekends lo hear and question evidence from 40 expert wtnesses. academiG8 and case studies. working together lo create wsrons for ihe future and calls lo actn. Assembly members were selecled using a sortition process with representation from all age groups frorn 16+ all educab.on ve15. from across the UK. with different ethic backgrounds antj drffent ewS on the imPnce of nature. The port gained naliMal coveragg and assembly members were invofved in the launch of th8 report. asking the wider public to add their voices to Ihe plan to create momenturn for change. The plan is innovative in providing lIS lo acts.on for formal and informal institutions and individuals. The project demonstrates that partiupalory and deliberative approaches can be effeclNely deployed outside of govemmental institutions and ueale a tangible vision for ¢h8 fvture. We look lorward to seeing the calls lo ath'on trIng imemented over the coming yeaf5. The UK Demoeraey N•twork: making UK demo¢Ta¢y actors greater than th• sum of their parts In 2021 Involve was awarded a three-year granl from the Joseph Rowmtree Refomi Trust and the Joseph Rowntree Charitable Trust lo set up the Democracy NeN¥ork. The Nefvrk aims to build a demwra¢y in the UK fit lof the 2151 century. where people have more influence over the decisions that affeGI their lives, more power and resources to improve their communibes and more ability to elect and hold politicians and govemmenls lo a¢vnI. In the year. the Democracy Nefvlofk has continued lo grow and flourish. securing additional funding from The Open Society Foundation. This fundin9 enabled the Democracy NeYOrk team lo grow W71h a new Campaigns and Advocacy Lead app¥)inled alongside a Neork Development Lead giving the Neiwork capacity lo support its growng rnembership. In December 2022 the NeOrk launched its first Democracy Conference marking this shift and allowing people a major chance to connect. collaborate and celebrate. 11 is also an example of how Involve 15 building on a strong existir#J culiure ol collaboration lo develop colkcb"ve, seclor-wide efforts lo slrengthen wr democracy. Belfast Car Dependen¢y Commissioned by QLteens University Beffasl {QUB), Involve broughl together 20 residents of the Belfast rnelropditan area in a atizens July to consider the important question.. How can car dependency and levels of car use in Belfast be reduced? Belfast has some of the highest levels of car use in Europe and residents are particulady dependent on their cars - this prqecl gave the public a chance to consider what can be done about this and how changes might impact resitJents. Solutions to this problem are r1 simple as therg are many groups involved or affeeted by the transport system.
The Involve F¢undation Report ol the trusteos For th• •ar ond¢d 31 March 2023 To find p)licies and programmes that help redLKe car liare over the long temi these groups musl Work together to solve the problem. This proieet brought Ihese groups together lo develop sustsinable and Scalab policies and prjrammeS to reduce the rekance on cars in Bewasl. The Citizens, Jury complimented insights gained by researchers at QUB. The project enabled the work of the SearCherS to be considered by citizens. explorirrfj inteTrention approaches and ensure the acceptability, utility. affor¢ability. fea5ibilty and sustainats'lity of Dew approaches. The Citi'zens. Jury fomied in the project shows how deliberative approaches can successfully be applied lo consider tssues and synthesise findings from academic research wlh insights from the public ensuring communities have the OPFKJrbJnity to shape and influence the decisions that affect their lives. Local elirnate Engagement: Creating. eonsolidating and networf(ing best practice in local publtc participation in cllmate de¢ision-maklng Avoiding the worst effects of climate change wll be the biggest challenge in human history. Local authorities and partnerships will play a key role both in geth.ng the UK to nel zero and ensuring their afaas are ready for changing conditions. To do Ihis in a way that is 8ffects.ve and fail. they wll need lo engage the public. That's why Involve. along wtth others. developed the Local Climate Engagement {LCE) programme in 2021. Funded by Calousle Gulbenkian Foundab"on {UK branchl and Esmée FaiaIrn Foundation. the programme uses a combinalion of training, mentoring. peer- leaming and hands-on supwrt to assisl local aulhorities in engaging their Ial wmmunities. The programme launched in late 2021 continued through 2022123. into 2023124. Five local authorities were selected for the Project Group lo rèceive training. peer4eam¥ng. and practical sUPPOrt lo njn public participation in their area. 16 were selected for the Coaching Group to receive training, peer- leaming, and mentoring to support Ihem to devel¢)p their own public participation plans and thinkin9. Fundraislng pfactlces Involve raises its funds through grant and consultsncy lunding. and to a much lesser degree from donations. We do not proacbvety solicit funding from members of the pulsic. and we are not registered wth the Fundraising Regulator. Financial rgview 2022123 has been another successful yeaf in temis ol wr fundin9. Significant SOUf¢es of funding included the long-rvnning Sciencewi5e pro9ramme. the People's Plan ft)r Nature. Local Engagement on Climale Change and ihe Democracy Nets1(k. Al 31 hAarch 2023. Invofve had loLIl funds of £826k {2022." £717kl. of wh £313k were general lunds. with the balance being our designated funds of £98k and reslricled funds of £415k.. Hislofically, Involve's funding has come from a mix of conlracts and restricled granis, with lirniled core fun¢Jing. Our core funding, since 2017. has come from the Joseph Rownlree Charitable Trust. and in 2021 we successfvlly applied for a fvrther three years of core funding from JRCT, of £1SO,000. Most of fficome conb.nues to come from contracts and grants. and we expect this to Ilinue.
The Involve Foundation Report of the trustees For the ear end•d 31 March 2023 There has been a gradual shift in our funding sources over recent years a greater proportion of our income comin9 from restricted grants. This is a trend we expect lo contsnue a5 we make a deliberate choice to apply lor more longer term programmatic grant funding to wmpliment the more short term consuttancy contracts_ It is envisaged that this shilt will aide long term financial planning and sustainability of Involve as well as giving 9atsf chotce over the work we do, ensuring that our work is originated by Invofve to further ¢)ur mission alongside responsive bidding for consultancy projects. During thg year. we have seen a growth in our team. This has induded additk)nal posts to support the ogmocracy Nerk project as well as providing additional capacity for Involve to undertake its work and have greater impact. 2022123 saw a part year impact of this both in lerms of cost and total revenue and Iherefore. tsking inlo accounl the lull year effect of this inlo 2023124. our budgeted salary costs have in¢reased along with revenue targets and capacity lo deliver our work. Reserves policy Invdve's reserves are made up of the balanos wlhin General funds and Stability Oesignated funds. The Stability Designated fund is designed to ensure that Involve has sufficient funds for an Ofderty wind down ol the charity in the event of financial diificuth'es. The total of the General funo and Stability fund stood al £392k12022- £475k}. The reserves policy is for Involve to hokl beh¥een 3 and 6 months of operating expenses Idefined as salary and overhead costs) within these lunds. For Ihe forthcoming year. this is between £350,000 and £7,000. As our operating expenses have InaSed due to the grovAh in our capacity described above. the level of reserves needed lo meet this p)li¢y has increased. CtJrrenl re5erve5 are therefore towards Ihe lower ond of this range and we will therefore keep a close focus on OUT reserves balance through 2023124. General fund We nornally budget to make a modest surplus on the general fund each year. For 2022123. trustees approved a breakoven budget for the year. A5 it lumed out. Ihece was an operating def1t on the general fund of £35k. In addition, our general fund reduced by £21k as we continue transfer funds to the stability fijnd the objecb.ve of buik1ing this fund to £100k. We also saw a reduction in the general fund or £48k due to a provision for a bad debl following the liquidation ol the Democraijc Society. As a resulL the general fund balance at Ihe end of the year stood al £313k. Deslgnated funds Stsbility fund This fund is intended lo enable Involve lo weaihef income shocks. and to d05e down the organisalion wlh honour rf that were lo become necessary. In our reserves review in 2020121, trustees noted the fund was insufficient for bolh ol Ihese purposes, and resolved lo grow the fund sleadily over b'me. an aim of holdry £100k in the fund. Al 31 March 2023. the Stability fund stood at £79k12022 £58kl We hold the stsbility fund in a deposit account wih the CCLA. which is a charity fvnd manager that invests its clien15 funds in various ways. Olher than the CCLA accounL tnJstees have decided not to have any investrnents.
The Involve Foundation Report of the trustee$ For the ear •nd•d 31 March 2023 Advocacy & Communi¢at•ons lund This fund. established in 2020121. is despnated lo be used lor investment in Involve's Advocacy and Communications funclion. A lolal of £60.000 of Ihis fund was drawn down in 2022123 to support this activity. The balance on thi5 fund rW slands al £20.000 12022." £80.0001. Vve plan lo spend a Signrfant prowrtion of Ihè fund in 2023124. Going concern The trustees wnsider that Involve Mll continue as a going concem for a perK)d of al least 12 month$ from the date on which these financial ststements are approved, for the folbjwing reasons-. Invofve holds unrestn.cled reserves at 31 March 2023 of £412k (Ihe combined tolal ol the general and designated funds): Cash flow projections indicate a positive cash balance lor at least 12 months ahead.. Budgel for 2023124 is base(1 upon ¢Jelivery of £3m of work. At 31 March 2023. a total of £1.3rn of this work had already b8en secured with an addilional £1.1m in the pipeline., Invofve's successful track record of securing and mainiaining funding gives trustees some assurance that we will be able lo conlinue to secure a pipeline of funding. and we continue to have opportunilies in our pipeline. Trustees are also cognisanl of the squeeze on publ spending, and the risks that this presents to our future funding. Part of our funding strategy is to continue to build our capacity to originate work.. we already do this well (for example. the Local Climate Engagèment programme and continued rewmmissioning of the UKRI ScienwI$e programmel and have plans lo extend Ihis further, in particular by focusing on thematic weas such as data and climate os well as on democrai.ic innovab.on in general,. We will manage any demands for inueased capacity to deliver projecfs in ways that minimise the on-going liability for C0515. for example by engaging a¢Jéitional slaff on short-lerm contracts or by drawing on our pod of assocfdles. Our pool ol associates has grown over the last year, and Ihis has enabled us to successfully deliver another busy year of projects and programmes,. Trustees wll be keeping our funding pipelines. as well as budget perfom)ance. under carèful scnjtiny Ihrough the year ahead,. and We have very wellesiablished and real-b.me cash fh)w proieclions, vthi¢h indude trigger points to enable us to spol and manage any potential ins0¢Y. The trustees therefor8 consider it appropriate to adopt the going cor¢cern basis lor the preparath)n ol the acCnts, as detailed in rte l(bl to the financial slalemenls. Principal risks and unc¢rtaintSe$ Involve has a risk wister, inlegraled our Business Plan. which is actively managgd by both the management team and by truslees. The detailed strategic risk register is a standing item on the Finance & Risk Svbcommittee's agenda. and is retx)rted by exception to the full Board. Our principal risks and uncertainlies, and the steps we take to manage them. are wtlined below.. Médium and longer t•rni pressures OTh public spending given Ihe considerable on-going pressures on the c051 of living, and wider global enoMiC shocks. it is likely that there will be medium-temi pfesstjies on spending and shifts in Spending - by public sector bJieS. and given that a significant proportion of Invofve's work is with the public sector, this is likely lo affect us. We will be keeping a c105e watch on how public spending pattern5 change and, where appropfiate. 11 look to diversify our funding streams further. including building on our strong track record of altracting funding from grant-making trusts and foundatrons..
The Involve Foundation Report of the trnstees For the ear ended 31 March 2023 Funding a laryer or9anisation we are now a bKdger organisat*Jn and (yJr cost base has grown. We have set challenging targets for generating income and delNering elficienlly in 2023124. We think the tsrgels are ath"evable. but trustees will be keeping this under close scrutiny in the year ahead: Market changes - Involve has played a central role in delivering some of the UK'S major public deliberative evenis over the last 5 year5. The market for these major deliberative methodologies has been 51able for some years but this may change in the future. The are two key risks associated wilh this.. the first is that ihey continue lo In¢ase in number, but the ability for qualtty supply to k88P UP wth demand is limiled, and the standard goes down over b'me. We ar8 milaling this risk through building our capacity building and standards function in particular. amongst other work. The second is that they ¢Jecrease in number. We are mitigating this risk by building a more robust case for these processe5 in the UK. building support amongst decision maker5, while also increasing our work using a wider variety of olher meth¢yJs to engage the public.. and Capacity to r•spond to demand. and deliver projects - future opportunities mean that we may have acute peaks in demands for stsff capacity. We are familiar with this risk and we manage it in several way3,. by pang careful attenb.on to the WAY we manage staff and the way we 5UPPOrt their devebpment and career progression.. by regularty VIewIng Capacity and matchiThJ this lo opportunities- by making temporary apwntsnents to manage peaks in demand". and by wofking wth our Associates and partnering with other organisations where appropriate, in 2023124 we are developing our Associales team to ensure that we have continued availabilty of high calibre professionals to SUPP(Kt vknen demand is high. Future plans There is a gron9 recognition ihat our cuent model of ¢JemocfXy is not fit for purpose, and people arè increasingly IcK)king for ways to make it better. Our work demonstrates how. Over the ¢oming years. we plan to accelerate the work we have started to demonstrate how a different type of democracy is possible. We want to Seize the current malcontent and channel il into creating change in a positive direction. We have k)ng had a reputauon for desning and delivering worfd dass participatory and deliberative decision-making processes. but we are clear that this is not enough to achieve the scale of change that is QuIred. Our strategy in re¢ent years has been to build our advocacy and communicalions capacity, arHJ lo build external nerks, in order to shift tre narrative aiK)ut democracy and embed the principles ol openness. participation an¢J ¢Jeliberation within instilutions. We also broadened our strategy lo cover capacity building and standard settg 50 that organisabons and practitioners are helped to make that shift to a bettef democTacy_ Ouring 2022123, we invesled in new staff apwintments to grow our capacity vAlhin Ihe Democracy Nefv40rk as well as appointing a new Director of Finance and Supwt Services lo ensure we have the intemal systems place to support Ihe growing organisalion. During 2023124. this work wil conlinue, together with developing the capacty within our Associates team. lo ensure we have capacity to Spond to increases in demand. We have also been refining our 51ralegy and linkin9 to operabonal Key Performance Indicators to make the link between oul strategy objectives wth outputs and deliverabks Wbthin our three main lunclions.
The Involv• Foundation Report of the trustees For the ar onded 31 March 2023 In tems of Involve's confimied programmes for 2023124. thvse indude the ongoing delivery of the Sciencewise programme for UK Research and Innovab"on. The UK Democracy Netsvork, the Local Climale Engagement programme and climate assemblies in Southampton and Weslminsler. Structuro. gov•rnan¢e and management Involve is a charitable company limite¢J by gLwantee. It was incorporated on 9 January 2006 and registered as a charity on 15 July 2009. We also registered as a charity with the Offe of the Scottish Charity Regulalor on 10 April 2017. Invofve's Memorandum of Associatbon esiablishes the objects an¢J powers of the ¢haritabl8 company. whth is governed under its Articles of Association. Involve has a Board of trustees who rneet every two months and are responsible lor the strategic direction. finances and policy of Involve. Thjr Articles of Association allows us to have up lo IS Iruslees. Al 31 March 2023 the were 9 truslees, th a range of eXpernCe. skills and knowledge relevant to Involvo's mission. A new trustee was appointed to Ihe 8oard in April 2023 an¢Y one trustèe resigned from the Board in Seplembef 2022. The company Secretary (who is Invofve's Chief Executive Officefl also sits on the 8oard. bul ha5 fK) voting rEghts. Other staff also aitend the Board as iequwed. The Board has one SucomMIttee.. the Finan¢e & Risk Subcommiitee. Responsibility for the day to day management of the organisation is delegated lo the Chiel Executiv8 Officer. Sarah Caslell, CEO. was appointed in September 2021. The CEO is supported by the senior managemenl tearn. eomprising". Sarah Ca5tell. Chief Executs"ve Officef., Calum Green, Director of Advocacy & Communications" Sarah Allan, Director ol Capacity Building & Standards,. and Garelh Bridge5. DireGlor of Finance & Support SeNces R•¢ruitment and appolntment of trustees The director5 of the company are also charity trustees fcw the purposes of charity law and under the company's articlas are known as the trustees. Trustees are appointed for an initial period of three years by resolution of the Iruslees. This is renewable for a further terrn of three years. Trustees who have served six continuous years mu51 leave and remain out of office for a period of one year unless Me trustees resolve that il is in the best interests of Involve for that person lo conlinue lo serve as a tnJstee. Oue lo Ihe natu of Involve's vKJrk. which is oriented towards participab"on, advocacy. democratic practice. and building capacity. the trustees have agreed that suitabfy experienced individuals are quired lo exercise adequale governance. Trustees Klenlify polents.al new Board membeis through relevant nefvrks and contacts and by open recruitment followed by inlerview. When appoinling new members. trustees look a commitment to Involve's wsion and mission and attempt lo achieve a balanee of skills and experience on Ihe Board. Trustee Inducti( and trainirtg All new trustees are provided 1h a pack of information about governance. management and the VKJrk of Involve. This pack indudes key finanal and gov8mance documents. In addib"on, all new trustees attend a short training session th the Chief Executive Officer or Director of Op8ration$. The purpose of this session is to famtliarise ihem ¥th Ihe charity. ils purpose. structure. financing and activib"es, as well as the role of a Board member.
The Involve Foundation Report of the trustees For the ear ended 31 March 2023 Related parties and relationships with othef oryanisations Involve is a small organisation and, atthough we have a strong set of skills and eXperienS amongst our staff and Associates, we partner Trmth other organisations and individuals on a significant proporb.on of ¢)ur wo. This partnering includes work where we are the lead organisatson in a partnership as well as subcontracting by us or lo us. A full lisl of Ouf fvnders in 2022123. and details of our Associates and parlner organisations, is available on our website.. hllpsJAw*4w.invofvg.org.ukl. Involve has an established conflicts of interest policy for truslees. TnJstees, and senior management staff, are required to complete an annual declaration of interests_ Declaring interests is a standing item at the start of all Board and subcommiitee meeting agendas. The policy outlines how any interests are then handled 81 the meeting. guided by the overall principle that trustees should not be able to unduly influence decision-making on issues where they have an interest. Note 17 in the attached notes to the financial statements prowdes details of relatèd party transactions. Rgmuneralion policy for k•y management p¢rsonno1 Involve's pay policy and pay scales are approved by trustees. Pay progression for all slaff at involvg 15 conSered within the annual appraisal process including for key mana9ement petsonnel. SLitement of responsibilities of the trustees The truslee5 (who are also directors of the charity for the purposes of company lawl 8re responsible for preparing ihe Trustees. report and the finanual slalements ir¢ accordance with applicable law and United Kingdom Accounting Standards, including Finanual Reporbng Siandard 102.. The Financial Reporting Standard applicable in the UK and RepUb"C of Ireland (United Kingdom Generally Accepted Ac¢ovnting Pra¢ti¢81. Company law requires the trustees to prepare anCIal ststements for each financial year. which give a true and lair view of stale ol affairs of the charity and of the income and expenditu of the charity for that period. In preparing those financial stalements the trustees are required lo= select suitable accounting policies and Ihen apply them consistently.. observe the methods and principles in the Charities SORP., make judgements and accounting eslimales that are reasonable and prudent-, stale whelhef applicable UK accounting standards and stalements of recommended practice have been followed. subject to any material departures disdosed and explained in the financial slalements". and prepare the finantsal slalemenls on Ihe goiThJ concern basis unsS it is inappropriate lo presume that the charity wll eontinue in operatK>n. The trustees are responsible keeping proper accountin9 records which discFose with reasonable accuracy al any lime the financial posith)n of Ihe charity and which enable them to ensure that the financial stalernenls comply wlh the Companies Act 20. The trLtstees are also responsible for Safeguarding the assets of the Charity and hence for taking reasonable steps lor the PreVenn and detection of fraud and other irregularities. In so far as the trustees are aware- there is no relevant audit informaln of which the tharitse companys auditors ar& unawam: and Ihe truslees have taken all steps that they ought to have laken lo make thernsefves aware of any relevant audit informats.on and lo estsbkn'sh that the auditors are aware of that infomiation.
The Involve Foundation Report of the trustees For the ear ended 31 March 2023 The tnjslees a responsd)le for Ihe mainlenarKe and integrity of the corporate arid financial infomiation included on the Charitab companys website. LegislatK)n in the United Kingdom governing the preparats'on and diss&minalion ol financial statements may differ from *islalion in other jurisdictions. Members of the charity guarantee to contribute an aftN)unt not exceeding £10 io the a5se15 cf the charity in the event of winding up. The trustees are Membe of the charity but this entitks them only lo voting rights. The trustees have no beneficia interest in the charity. Auditors Godfrey Wilson Limited were re-appointed as auditors to the eharilable company during Ihe year and have expressed their llingnesS lo continue in thal capacity. Approved by Ihe trustees on 10 August 2023 and signed on their behalf by E Co Ed Cox, crr Kathryn Jones. Treasurer 10
Independent auditors. rep¢)rt To th• members of The Involve Foundation OpSnlon We have aut1ited the finanual statemants of The InvrA¥e Foundation (Ihe 'chariiYI for the year endgd 31 March 2023 which comprise Ihe statement of finanaal actiwties. balance sheet, statement of cashflows and Ihe related notes lo the financial stslements, including a summary of significant accounting poliues. The financial reporting framework that has been applied in their preparation is applicable law and United Kingttom Accounb"ng Stsnoards. induoing Financial Reporting Stsndard 102= The Finanaal Reporting Standard applicable in the UK and Republie of Ireland (United Kingdom Generally A¢cepled Accounting Practice). In our opinK)n, the financial statements-. ' give a true and fair view of the stsie of Ihe charitys affairs as al 31 March 2023 and of its incoming resources and application of resources. including its income aTrJ expendilure, for the year Ihen ended.. . have been Proper prepared accordance United Jfjn9dom Generally Accepted Accounting Pra¢tice.' and . have been prepared in accordance wth the requirements of the Charities and Trustees Investment (Scoand) Acl 2005. regulatKJn 8 of the Charibes Accounts {Scodandl Regulations 2006 las amended) and the Companies Act 2006. Basis for opinion Vve conducled our audit in acdance wth International Stsndards on Audn9 IUK} IISAS IUKII and appIlble law. Our responsibilities under those standards are further described in the Audilor's responsibilits.es for the audrt ol the financial slatements section of our report. We are independent of the charity in accordance wrth the ethical requirements that are relevant to our audit of the finan¢ial sialemenis in the UK, including the FRC'S Elhi¢al Siandard. and we have fulfilled our other eihical responsibilities in accordance wth these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusiorts relatln9 to going ¢onc•rn In auditing the financial slalements. we have conduded thal the trustees. use of the g(yng concern basis of accountirtsj in the preparation of the financial statements is appropriate. Based on the work we have perfomied. we have idenb.fied any material uncertainties relating to events or wditions that, individually Of collectively. may cast significant doubt on ihe charitys ability lo continue as a going concem for a period of at least twelve months from when Ihe financial statements ats authorised for issue. Our responsibilities and the responsi.11eS of the trusiees respect to going concern are described in the relevant sections of this report. Other Inlomiation The trustees are responsible for the other information. The other information comprises the inlormalion included in the annual repjrt other than the financial slalements and our auditor's repx)rt thereon. Our on)n on the financial ststements does not cover the olher information and. except lo the extent olherwse explKitty slaled in tyjr rep)rt. we ¢10 not express any form of assurènce conclusion Ihereon.
Indewndent audltors. roport To tho members of The Involve Foundion In ing¢1 with our audit of the financial ststements, our responsibility is to rgad the other information and. in doing so. nsider whelher the other informatHM is materialty inconsislenl wth the rinancial statemenis or our knowledge obtained in Ihe audit or otherise appears lo be materially missiated. If we identify such material inconsistenoes or apparent malerial misstatements. we are requiresj lo delemiine whether there is a malerial misstatement in the financial slalemenls or a material misstatement of the other infom)8ts"on. If. based ¢)n the work we have perfomied, we Conclude that there is a material misstatement of this other information, we are require(1 to report that fact. We have nothing to report in this regard. Opinion on oth•r matters prescribed by the Compani•s Act 2006 In our opinion, based on the work undertaken in the course of the aLJdit". the information given in the trustees. report for the financial year for which financial statements are prepared is consistent wth the financial statements- and the trustees, report have been prepared in accordance wilh applicable legal requirements. Matt•rs on whi¢h w¢ are r•quir•d to r•port by exception In the light of Ihe kn¢)wledge and underslanding of ihe charity and ils enrOnMent obtsined in the ourse of Ihe audit, we have not identsfied material misstatemenls in the trustges. report. We have nothing lo rep¢)rt in respect of the following matters in relats.on lo which the Companies Act 2006 requires us to report to you il. in our ¢)pinion.' acjequate accounting CordS have been kept or retums adequate for our audit have nol been received from branches not visited by us- the financial slalements are nol in agreement with the ac¢ounting records and relurns., Certain disclosures of Iruslees, remunerab.on speofied by law are not made,. or we have nol obtained all Ihe infMatiOn and explanab.ons necessary for the purposes of our audit. Responsibilities of the trustees As expLained more fulty in the trustees. reswnsitilities ststement set out in the tru5tees' report. the trustees are responsible for the preparation of the financial stslemenls and for being satisfied that they give a true and fair view. and for such inlemal control as they detemiine is necessary to enable the preparab.on ol finanual ststemenis thal ale free from material misstalemenl, whether due lo fraud or error. In preparing the financial statements, the trusteès are responsible f assessing the charity's ability lo conbnue as a going concerr), disclosing. as applicabl8, mait&rs related to going concem and using the going eoneern basis of accounting unless the trustees eilher intend to liquKJale the charity or lo ¢ease operatn$. or have no realistic attemats.ve bul to do so. Our re$pon$ibiliti•s for the audit of the financial statements Our objectives are lo obtain reasonable assurance about whether the financial slalgments as a whole are free from material misstalemenl. whether due lo fraud or error. and lo issue an auditor's report that include5 our opinK)n. Reasonable assurance is a hh Ve1 of assurance. bul is not a guarantee that an audit conducted in accordance wilh ISAS {UK) 11 aNvays detecl a material misslatemenl when it exists. Misstatements can arise from fraud or error and are considered material if, indiwdually or in the aggregate, they coukl reasonabty be expecled to hnfluenee the economic decisions of users taken on the basis of these financial statements. 12
Indopendont auditors. report To th• members of The Involve Foundation Irr8gularibes, including fraud. are inslances of non&compliance 7rt1 laws and regulations. We design procedures in line our resp)nsibililies. oudinei1 atrx)ve. to d8tect material misstatements in respect ol irregularities. including fraud. The procedures we carried out arKb the exlenl lo whi¢h they are capable of detecting irregularities. including Iraud, are detailed below". (11 We obtained an understanding of the legal and regulatory framework that the charity operales in. and assessed the risk of non<omplianee Trmth applicab laws and regulatK)ns. Throughout the audit. we remained alert to wssibte indications of non-compliance. 121 We reviewed the charitys polioes and proc8durgs in reLation lo.. Identifying, evaluating and complying wth laws and regulati$. and whether they were aware of any instances of non<ompliance'. Delecling and responding to the risk of fraud, and 7*4heiher th8y were aware of any actual. suspeded or alleged fraud.. and Designing and Imprnen"ng intem81 controls lo mitigale the risk of non-complianee with laws and regulations. In¢1n9 fraud. 13) We inspected the minutes of tntstee mgetings. {4) We enquired about any non-routine communication vthh regulators and revWed any reports made lothem. {5} We v1&wed the finarrial statemenl disdoswes arKI assessed their c¢)mpliance applicable laws and regulab"ons. {6} We performed analytical procedures lo Klenlify any unusual or unexpected transactions or alances that may indicate a risk of material fraud or error. {7) We assessed the risk ol fraud through management override of controls and carried out procedures lo address this risk. Our procedures IrlUded.. Testing the appropriateness ofioumal entn"es- Assessing judgements and accwnting estimates for p)tentsal bias.. Reviewing related party transaciions,. aThJ . Teskn'ng Iransa¢lions that are unusual or outsKJe the nomial course of business. Because ol the inherent limilations of an audit, there is a risk that we will not deted all irregularitigs. includirKJ Ihtsse leading lo a material misslatemenl in the financial siaternents or non-compliance with regulation. Irregularities that arise due to Iraud Can be even harder to delec"I than those that arise from eryor as they may invofve deliberate concealment or collusv)n. A further des¢ripts'on of our respS11111eS for the audit of the financial ststements is kxated on the Financial Reporting Council's website al.. www.frc.org.ukJaudilorsresponsibiliti8s. This descripts'on forms part of our a1t0.$ rewrt. 13
Indepondent auditors. fOPOrt To the members of The Involvè FoundatioTr Use of our report This report is made sotely to the choritys members. as a I)dy. in ardance Trmth Chapler 3 of Part 16 of Ihe Companies Act 2006. Our audit work has been undertaken so that we might state lo ty)e ¢hariW5 mernbers those matters we are requi lo stsle to them in an auditor's report and for no other purwse. To the fullest exlent permitted by law. we do not accept or assume responsibility lo anyone other than the chantVs members as a ix)dy. for our audit woth. for this feport. or for Ihe opinions we hava fomied. Alison 6odfr6y Dale. 21 August 2023 Alis¢n Godfrey FCA (Senior Ststutory Audltorl For and on behalf ofr. GODFREY WILSON LIMITED Chartered accounlanls and statutory audilors 5th Floor Mariner House 62 Prinee Street Bristol BS1 4QD 14
The Involve Foundation ststement of Ilnan¢lal actlvltles (incwrating an income and expenthfure account) For tho ar ended 31 March 2023 2023 Total 2022 Tolal Restricled Unrestricted Note Income from: Oonations Charitable activities Other trading aclivilies Investment income 4.816 1.505.387 5,750 1.462 4,816 2.251,510 5,750 1,462 7,913 1.902,847 746.123 Total IrKome 746.123 1.517.415 2.263.538 1.910,760 Exp•nditure on: Raising funds Clwitable activities 111.629 1,549,438 111.629 2.042.864 56,835 1,599,847 493.426 Total expenditure 493,426 1,661.067 2.154,493 1.656,682 Net Income I (expendire) 252.697 1143.652) 109.045 254,078 Transfers between funds 306 Net movement in funds 253.IY)3 1143.958) 109,045 254,078 Reconciliation of funds= Total funds brought forward 161.757 555,498 717.255 463,177 Total funds carried forward 414,760 411.540 826,300 717.255 All of the above results are derived from continuir¥J. activilie5. There We no other recognised gains 1058es other than those staled above. Movements in funds a di10$ed in note 15 to the accounts. 15
The Involve Foundatlon 8alan¢è sheet A5 al 31 March 2023 2023 2022 Note Fix•d assets Tangible assets 10 5.972 3,TOO Current assets Debtors CUrn1 as5el investments Cash at bank and in hand 399,641 80,059 639,598 443,025 57.748 524.252 1.119.298 1,025,025 Llabilities Creditors.. amounts falling due within 1 yèar 12 298,970 (311,4701 N•t curr•nt ass•ts 820.328 713,555 Net asset5 14 826.300 717.255 Funds Restricted funds Unrestricted funds Designated funds General fvnds 15 414.760 161.757 98.748 312.792 137.748 417.750 Total charity funds 826.300 717.255 These accounts have been prepared in accordance 1h the speoal prOvis2nS applicable to Companies subject to the small companies. regime. Approved by the Iruslees on 10 Augusl 2023 and signed on their behalf by E Co Ed Cox. Chair 16
The Involve Foundation Statement ol cash flows For Ihe ear ended 31 March 2023 2023 2022 Cash used in tsrat1ng actlvitles: Nel movement in fun¢Js Adjustments for.. Depreciation charggs Decrease I lincreasel in debtors Increase I Idecreasel in creditors 109.045 254.078 3.454 4.831 144,5221 105.450 12,500 Net cash provlded by I (used In) oyratlng activities 143.383 108.937 Cash fl¢)ws from investlng activities: Pu'rchase of tangible fixed assets 5.726 2.217 Net cash provided by I lus•d in} inv•sting activities 5.726 2.217 Increase l {de¢rea$el in ¢a$h and cash equivalents in the year 137,657 106,720 Cash and cash equivalents at the beginning of the year 582.000 475,280 Cash and cash equivalents at the end of the year 719.657 582,000 The Charity has rKJI pffjwded 8n anafysis of Changes in net debt as it does not have any long term finaneing arrangements. Cash and cash equival•nts". 2023 2022 Analy3ed as.. Cash al bank and in hand Current asset investments 639,598 80,059 524,252 57,748 719,657 582,000 17
The Involve Foundation Noles to th• finan¢ial $lal•m•nts For the ear ended 31 Mar¢h 2023 1. Accounting poll¢le$ al Basis of preparation The financial statements have been prepared in accordance wth Accounting and Reporting by Charilie5'. Sialernenl of Recommended Pracb¢e applicable lo tharilies in pParing their accoun15 in accordance vAth the Finanaal Reporbng Standard applicable in ihe UK and Republic of Ireland IFRS 1021 leffects.ve 1 January 20191 (Charities SORP IFRS 102}I, the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) and the Companies Act 2006. The Involve Foundation meets Ihe deffinIt of a public benefit entity under FRS 102. Assets and liabilitses are inilialty recognised at historical cost or transaction vahje unless otherwise stated in the relevant accounting policy nole{sl. b) Going concern basis of accounting The accounts have been prepared on the assumption that Ihe charity 15 able lo continue as a going wn¢em. which the trustees ¢onsidef appropriate having regard lo Ihe currenl level of unrestricted reserves_ There afe no material Ljncertainties about the charivs ability lo continue as a going concern. Trustees continue to keep the financial sustainability of Involve under careful scrutiny lo ensu k)ng lem wability. This indudes fewewng fvnd balances. cashfkjw projections aThJ the 'peline of funding opportunities at each meeting of the finance and risk subcommittee. These indicators provide ¢onfiden¢e that Involve remains a going concem. C) Income Income is recTr3nised when the charity has entiuemenl to the funds. any performance conditions attached lo the item of income have been met. il is probable that the income will be received and the amounl can be measured reliably. Income from Ihe govemment and olher gran15. wttether 'capital' grants or 'revenue' grants, is feee<Jnised when the charity has entitlement to the funds, any performance conditions attached lo Ihe grants have been met. it is probable that the income wlj be received and the amount can be measured reliabty and is not defer Income received in advance of promsion of consullancy services is deferr&d until ¢riteria for ¥icome recognition are met. dl D¢nattd services and facilities Donated professional services and donated facilib.es are reco9nised as income when the charity has control over the item, any ¢on¢itions associated wilh the donated item have been met, the receipt of economic benefit from the Use by the charity of the rf(em. is probable and Ihe economi¢ benefit can be measured reliably In a¢oordance with the Charities SORP IFRS 1021. general volunteer lime is not reccFnised. On receipt, donated professi31 semces and donated faulities ar8 recognised on the basis of the value ol the gift lo the charity which is the amount the Charity WOU have been willing lo pay to obtain sefwces or facilities of equivalent economic benefit on the open markel.. a correspondiro amount is then reco9nised in expenditure in the penod of receipL 01 Inlerost r•c•ivable Interest on funds hekl on deposit is in¢lutJed when receivabte and the amount can be measured reliably by the chariiy. this is nom)alty upon nolificalion of the interest paKI or payable by the bank. 18
The Involve Foundation Notes to tho flnanclal statements For the ear ended 31 March 2023 1. Accounting policies {¢¢>ntlnued) fj Funds a¢¢ounting Unrestri¢ted funds are available lo spend on activities that further any of the purposes of the charity. DeSnated fvnds are unresthcled funds of the Charity which the tnjslees have decided al their discreknon lo set aside to use for a spe¢rfic purpose. Restricted fund5 are donations which the donor has specrfied are to be solely used fof parts"cular areas of ts charills work or for specrfic projects being undertaken by the charity- gl Expènditure and Irrecov•rabl• VAT Expenditure is recognised once there is a legal or cAstruc"ve obligats.on lo make a payment to a third party. it is Probab that 5etUement wil be required and the amount of the obligation can be measured reliably_ Irrecoverable VAT is charged as a cosl againsl the aclivity lor ¥thich the expenditure was incuried. h? Grant5 payable Grants which have been authorisell and paKI are included as expendrture in the Statement of Financial Activibes. Grants which have been authorised bul not yet paid are accrued in the balance sheet aJKI are included within uedilors falling due within one year or after one year las appropriatel. 51 Ajlocation of support costs Support costs are those fUneIn$ Ihal assist the of the charity but do not directly undertake Charitable 8elivities. Govemance costs are the costs asso¢i8ted wilh the govemance arrangernenls of the charity, including the costs of complyng Wth constitutional and slalulory requirements and any wsts associated th the Strateg management of the Charitys activities. These costs have been allocated between cost of iaising funds and expenditure" on charitable activities on the folbvn9 basis. which is an estimate of staff time spent on a¢tivibes'. 2023 10.OY• 90.0% 2022 6.7% 93.3% Raising funds Charitable actiwties jl Tangible fixed assets Depreciation 15 prowded al rates calculated to write down the cost of each asset to" ils eslimaled residual value over its expecled useful life. The depreGiats"on rates in use are as follows: Website 3 years straight line basis Computer arKI office equipment 3 years straighl line basis kl Debtors Trade and other debiors are recognised at the settlement amounl due after any trade discount offered. Prepayments are valL¢ed al the amouni prepaid nel of any trade discounts due. 11 eash at bank and in hand Cash al bank and cash in harml includ8s cash and short lem) highty IH]UKI investments with a short maturity of three months ¢y from the dale of acquisition or opening of the deposit or similar account. 19
The Involve Foundation Notes to th• financial stat•ments For the ear ended 31 March 2023 1. Accounting pollcle$ {continu•d) m) Creditors Creditors and provisions are recognised where the charity has a present obligation resulting from past event that wll probably result in the transfer of funds to a thwd party and the amount due lo settle the obligation can be measured or esb"mated liab- Credilors and provisions are nomially r8wnisod at their sgtuement amount after allowirg for any trade discounts due. n) Financial instruments The charity only has financial assets and financial lialItieS of a kind thal qualify as basic financial in$truments. Basi¢ financial instruments are initialty recognised at transaelion value and subsequently measured al their settlement value with thè exceptn of bank loans which are subsequenuy recognised at amortised cosl using the effective interest method. ol Pension costs The company operates a defined ¢xtribUtIon pension scheme for its employees. There are no further h'abilities other Ihan lhal already cOgniSed in the SOFA. pl Foreign curr•ncy transactions Transactions in foreign currencie5 are translated al rates pvalling al the date of the transacts'on. 8alances denominated in foreign currencies ar8 translal8d at the rate ol exchange prevailing al the year end. ql Accounting estimates and k•y Judg•m•nts In Ine application of the charitys accounbng poliaes, the trustees are required lo make jLwJgemenls, estimates and assumpbons atthjl the Carng values of assets and liabilities that are not readily apparent from othèr sources. The estimates and Undern9 assumptions are based on historical experience and other factor5 that are con5idere(I lo be relevant. Actual results may differ from these estimates_ The estsmales and underfying assumptions are reviewed on an ongoing basi5. Revisions to accounting estimates are recognised in the period in which the estimate is revised rf the revision attects only that period. or in the period of the revision and future periods if the revision alfects bolh currenl and future periods. The key sources of estimat*)n uncertainty Ihat have a synificant effect on the amounts recjniSed in Ihe finanaal statements are depCIall0n as described in note 1 O'}.
The Involve Foundation Notes to the finan¢lal Statements For the ear ended 31 Mar¢h 2023 2. Prior period comparntives 2022 Total Restricted Unstricted In¢ome from: Donalions Charitsble activities 7,913 472,487 1.430.360 7,913 1.902,847 Total in¢ome 472,487 1.438.273 1,910.760 Expenditure on- Raising funds Charitat4e activities 56.835 375,397 1.224,450 56,835 1.599,847 Total èxpenditure 375,397 1,281.28S 1.6S6,682 Net income 97,090 156.988 254,078 Transfers been fijnds 6.096 6.096 Net movement in funds 90,994 163.084 254,078 3. Incom• frorn charitabl• activities 2023 Total Restri¢tgd Unrestricted Grant ineome. Consutting income Trainirg income 746.123 60,000 1.409.347 36.040 806,123 1.409,347 36.040 Total Incom• from charitablo a¢tivitl•$ 746,123 1.505.387 2,251.510 Prior peri¢)d ¢omparative: 2022 Total Restricted Unrestridgd Grant irLome' Consulting Income Training income 472.487 so,000 1.362.360 18,000 522,487 1.362,360 18,000 Total Incom• from charltabla a¢tlvltl•s 472,487 1,430.360 1,902,847 In¢ded wlhin unrestricted grants is £60.0(K) 12022: £50.0001 of funding received from the Joseph R¢)wntree Charitable Trusl as contributions to core costs. 21
The Involve Foundation Notes to the flnanclal statements For th• ear ended 31 March 2023 4. Income from other trading activities 2023 2022 Skx)nsorslwp income S.750 All IrMe from other trading actiwtses in Ihe current period was UntrICted. S. Total •xpenditure Support and Raising Chariiabbe govemance funds actiwties costs 2023 Total Direct costs Gran15 payable Inole 6} $ff costs (note 81 Ott)ef stsff costs Prernises costs Office and IT costs Cxher costs Trustee meets.ng costs ALKlit fees 8ad debt 935,401 57,609 406,253 935,401 57.609 924.651 8.720 43.669 40.S29 79.966 3.353 6.150 S4.445 43.566 474,832 8,720 43.669 40.529 75,083 3.353 6,150 4.883 54,445 Sub-total 48.449 1.453.708 652.336 2.1 $4.493 Alloeatyon of support and govemance costs 63.180 S89.1 $6 652.3361 Total •xp8nditure 111.629 2.042,864 2,1S4.493 Total govemanc8 costs We £21.14812022.. £17.1741.
The Involve Foundation Notes to tha flnancial ststements For th• ear ended 31 March 2023 5. Total •xp•nditure Icontinuedl Prior period comparative Support and Raising Charitablg wvemance funds acts"vilies costs 2022 Total Direct costs Grants payable Inote 61 Slaff cos15 Inole 81 Othef Staff costs Premises costs Office and IT costs Other eosls TnJstee meeting costs Audit fees 743,134 115.795 363.384 743.134 115.7.95 663.187 7,341 28.550 23.413 69.795 67 5.400 25.976 273.827 7,341 28,550 23.413 65.924 67 5.400 3.871 Sub4otal 29.847 1.222.313 404.522 1.656.682 location of support and govemance costs 26.988 377.534 {404,S221 Total expenditure 56.835 1.599,847 1.656,682 6. Grants payable 2023 2022 Grants paKI lo institutsons." Shared Future CIC UK100 Climate Outreach OryJinal Content London The Democratic So¢iety 38,658 9.379 4.572 5.000 38,658 21,762 11.264 44,111 57,609 115.795 No gran15 were paid lo individuab, and no support costs have been allocated lo granl-making activities_ 23
The Involve Foundalion Notes to th• financlal statefflents For the ear ended 31 Mar¢h 2023 7. Net movement in fvnds This is stated after charging-. 2023 2022 Depreciation 0rating lease payments Trustees. remunerabon Trustees. 1MbUrSed expenses Auditors. remuneration.. Slalutory audit lèxcludiThJ VAT) Other seThKes 3.454 41.887 4.831 8.622 3.3S3 67 6.150 S.400 5,350 5.400 Trustees. reimbursed expenses in the current year relate to paents made lo 6 trustees for reimbursed meeting, accommodab.on and travel expenses12022." 31. 8. Staff costs and numbers Staff costs were as follows.. 2023 2022 Salaries and wages Social security costs Pension costs 800.153 84.892 39.606 579.798 27.905 924.651 663,187 The key management personnel of the charrtaNe company comprise of the CEO and Directors. The total empbyee benefits of the key management personnel were £226.181 12022.. £65,649). This increase is due lo an increased number of posts in key management. The average number of employees during the year was as fdlows.. 2023 No. 2022 No. Average head ¢cnt 19.6 The number ol hwJher paid employees wa$: 2023 No. 2022 £80,001- £90.(X 9. Taxation The charity is exempt from eorporat¥)n tsx as all its coMe is charitable and is applied for charitabke purposes. 24
The Involve Foundation Notes to the flnanclal statements For th• ear ended 31 Mar¢h 2023 10. Tangible fixed assets Comwrter and office equipment Website Total Cost At 14x11 2022 Additions in year 10.471 9,614 5.726 20.085 5.726 At 31 March 2023 10.471 15,340 25.811 Depreciation Al 1 Apiil 2022 Charge for the year 10.471 5.914 3.454 16.385 3.4$4 At 31 Mah 2023 10.471 9,368 19.B39 Not book value At 31 March 2023 5.972 5.972 At 31 March 2022 3.700 3,700 11. Debtors 2023 2022 Tra¢Je debtors Bad debt prowsion Prepayments Accruèd income Other debtors 395.090 {$4.4451 2.654 56.342 382.487 2.232 57.791 515 399,641 443.025 12. crlIOrS . amounts duo within 1 yoar 2023 2022 Trade creditors Accruals Other taxation and social security Deferred income Isee note 13) Other creditors 98.374 52.768 113.676 29.600 4.552 143,021 40,810 100.856 19.900 6.883 298.970 311,470
The Involvo Foundation P4ot•s to the financial Statements For the •ar •nded 31 March 2023 13. Deferrod income 2023 2022 Al 1 April 2022 R8leased during the year Oeferred during the year 19,900 {19,9001 29.600 27,500 127.5001 19.900 At 31 March 2023 29,600 19,900 Deferred income Comprises consultancy income red in advance of work being delIVed. 14. Analysis of not assets between funds Restricted fvnds DesvJnated funds General funds Total funds Tangible fixed assets Currenl assets Current liabi5ilies 5.972 605,790 298,970 5,972 1.119.298 298,970 414.760 98.748 N•t ass•ts at 31 March 2023 414.760 98.748 312,792 826,300 Prfor porlod comparat5¥es Reslricled fvnds DesvJnated IlS Gerteral fund5 Totsl funds Tangible fixed assets Current assets Current liabilities 3.700 725,520 311.470 3.700 1,025.025 311,470 161.7S7 137.748 Net assets al 31 March 2022 161,757 137.748 417,750 717.25S
Th• Foundalion Forth• r•nd•d JI 202J 15. IAovehknents Infunds 1Aw iw8gn JI Mareh lund5 ¥12) Reslricted funds DL%iiknuted Oiaowe M Oata Sharirwj Fwm fwlhg FuwreJu$tTran¥iW JustTr8nS UKCitlzens'Jury Gerle sryr1nsU1e Partpa Capacily ICros>bty4ul 17.425 s.o 20.189 122,7611 IS,3081 113.029} 142.053} 17227} IS.83#1 14,881 411,971 3?.101 7.227 10.952 3.579 Chtate TSI Ow kne1¥ FoUraln. Demouacy NeNKrkktiCffj PbJ5¢>aM Local Engageffleni Clynate Char SCANeh¥ryk Re019 UKOGN strate9y .515 81.702 274,456 210,(KK 13.5( 4S.OC 1157.855) {53.9)41 1132.7541 {13.XQl 125.$911 15.7341 {6.6381 220.552 107.477 ).631 19,409 3,766 GLA CIVK DaL3 INoYaDtsi CW ECF KNQCA Inrw)vaIws VPPÉRNet¢limale Surnrn 17651 14.7461 7.735 1476} S,259 TOW r•strkl•d 161.757 746.123 4.426 414760
Th• knvofve Foundai Forth• x•nd•d 31 M¥ch 2023 15. Mwemenls lThfund5 l¢oDlknwdl Trnrtsfe b8h¥een At J1 March 2123 A11Aw Total r4striEl•d 161.75T 746.1 493.426 Vnrestrkted fvnds 5tsbtyfVnO 57.74B 21,0)) 60.OLK) 78,748 2O.QOD 137.748 gU,74B 417.7&) 1.517.415 1.661.7 38,691 311792 SSS.498 1.517.415 1.i.r*7 411,540 Tot•1 fvd• 717.255 2263,538 2.154.493 826,30ts
Th•lnvol¥• FIndatIr tsth• stat•m•ntx FWtho •aw In 31 Mavch1023 1S. IAtsvrn•hl in fvnds Icondnugd prtorpwlod ¢ornparth• At 31 2022 Rekn¢td futhds 22221 14.(W} 17.7WJ 2222 113.1891 19.0321 ClimateAsstmt4yLX LIsti)le on Daia Sh3ThVJ {3651 12.2221 12,8411 149,0641 17.4Z5 UnivetyOf we51mSle1. OErnQcta1 ReSpe iD C(? ForL¥n lorthe FulLYe JUSI Transthns UK &bzens' Jutyoi Gewme EdIt9- Wekorne S¥gwlri PutqK PaCipaln Capxty Bu1 ICr05>1ytsl Ckrnaie A55efflNy UK Le9acy. Europ& ¢krna Evaluakn. European F¢xNNJa and May. EutDpean Clthate Fowdati ne SeK4ernber. European Clime 4.134 47.8fj5 32.947 {1.} 1,199 {2681 20.078 {666) 12.187 112.8511 11.OWI {5,1} 112041 5,858 15.292 34.456 9,367 charl•T[St L41 Engag&Miion Cltha* Cyw 132.127 {62.6121 1fj9.369 69,515 30,631 Totsi r•stheteofun 70.763 472.467 161,757 375.397
Th• Involv• F(wnd•tion ot•stO lh• firw¢¢l4 staithTri•nis Forthe èar oTrded 31 Ilar¢h 2023 15. Movqmfjntw in funds Iwntinwdl Pritir p*riod Trnnsfers A131 2022 Totsl r•slriclqdlunth {IrDrn abDV47} 375.397 70.763 472.487 161.757 Ltthresttirtedlurtds StalIty1nd 45.748 12.1ts) 57.746 80.wo 1.748 12.r 137.746 Gonetd fL¥ 266.666 1.43B273 417.750 1,2BI.285 Total 392.414 1.438.273 1,281.285 555.498 TOlUnd1 63,1n 1.910.760 1,656.682 717.255
Th• Invofv• Foundatlon Notès to th• financoal stat•m•nts For th• ar end•d 31 M¥ch 2023 15. Movem•nts in funds Icontinuedl Purpos•s of restricted funds thstributed Dialogue on Oata Shal19 Fund by WèV£om¢ and thè Lond Borough of Camden land initialty by the Scoth"sh Government). this project will Kxkjt modèls of distributed, community-based dialogue. which wll expl¢ye how the data sharing debate can b8 lded aryj sustained. lor the Future Just TransitKn$ This grant from Friends Provident Charitabb FtAFndation, sub granted to InVVe from FonJm for Ihe Futvre enable5 us to wwk Forum to support local economies by demThisfrating Cnltyle(l law Iransitions to net tsro. J1 Transitions additional This grant from forum for tha future enab$ Involve to extend th& feach ol the prograrnme lo athjital partiupants. UK &tizens' Jury on Genome Eéikn"ng - VVll¢om¥ Sangw Institute Ths grant frorn the Welcome Sanger Institute ¢nabl¢s Involve to run a Citizen's Jury in the UK as part of a gkjbal wie5 of dek"berdlK)ns on geN)me edits"ng. Public Partiupation Capacity 8uilliryJ (Cross-border This grant from the Republic ol Irdand's Department of Foreign Affarrs enab$ Invofvè to help buikj capaoty on public partIpation amor8Jst local authorities on both s¢S of Ihe IrelandlNc¥them Ireland bordw. Climate Assembly Evaluation- Eur¢pean Climate FwndatK)n This granl fr(wn the European Climate Fiwndation enables Involve to commission addrtK)nal evaluation of Climate Assembty UK to complement the evalUatn commissh?ned separately by UK ParlK3mwiL Netrlork for Democracy. Joseph Rowntree Reforni Trust and Joseph Rowntree Charitat4e Twst Th¢se grants from the Joseph Rowntree Refom Trusl, Jospeh Rowntree ChariLable Trust al the Open Society Foundèts"on enables Involve to work collatx)rativety with range of 5takeholdets to bjikl a stn.nger UK democracy. Open Society Foundatson- DemLracY NeOrK ActKm Plus Grant This grnnt from Open sOty FouThJab"on enab$ Invofve to undertaken addJDonal work in the Demo¢racy Neiwork. Lttal Engagement on Ch'mate CharvJe These granls"frryn Ihe Esmee Fairbain Foundats"w and the Cak)uste Gubenkian Fndatn IUK brarh) enables Invofve io w¢yk with partr organisab.ons lo wppgrt Ial thorities to èngage wilh Iheir communib.es around clifflate ¢*ange. SCA Netswork Thi5 grnnt from the Scottish Govemmenl enables Involve to form a member5 of members frorn S¢oUand's Climate Assembty. 31
Tho Involvè Foundation Notes to thè financial stat•m•nts For the ar •nd•d 31 March 2023 15. Mo¥•ments In funds {continued) Purpgs¢s of r•strtcted funds Icontinu•d) Reboow Onlinè Pubhc Dialowe This grant Irorn the RSA enable5 Invc4ve to trial experimental xpproad)&s to public dialogue. UK OGN impad strategy This grant from the Open Government Partnership gnabl&s Involve to ¢trdevèlop medium temi impact and resourciro strategies for the UK Open Govtrmment NÈh¥ork. RIveo0dS This grant fr(Mn Ihe Scoth"sh WbbJ&le Tnjsl enables Involve lo work wth partner org8nti8ations to support local community eThJagemont in the delNery. ot riparian wogdland and hKhY river 5yslem5 in Scotland. GLA Qvic Dala Innovabon Challenge This nI from the Gater London Authority enable3 Irwolve to develop a tC#Jlkit for KIentifn9 practice and impacts ol deliberative and participatory engagement across London 7•rith thal authorities. ECF KNOCA IntN)vations in Local Ths grant frrmn Ihe Europgan Climate FwndatK)n ena•S clale Author4titrs Involve lo devesop a Iramework for cdlecting and ¢ollatiThJ knowW9? on innovations on dimale assemblies al sut nalw)nal level. UPPERNet Climate Surnnwt This grant from A5hdÈn Clinate Outreach enables Involve to cdlaborafe with partner5 to partake in a summit to unlock the potential lor publK eryJagement to 1p accelorate Ih réduction in cartN)n emissions. Purpos•s ol deslgnated fvnd5 Statility lund This fund enables Involv•. rf necessary, to close down the organisation in an ¢yderfy arKI horK)uratAe manner. Advocacy and communieatsjns This fund will be US to invest in Invdve's Advocacy and Communications work. as part of InVOe'S new strategic Transters b•hv•en funds The transfer frorn gèn*ral funds serves the purpose of covering Ihe overspend on restrictgd ld$, as well as desvJnabng furhd5 for the stabikn.ty lund. The Advocacy and communicabons d has boen drawn ¢Jown in 2022123. Funds in deficit l fvnds in defiat comprise $111¢led fvnds whKh have been spent in advance of the receipl of Ier incorne. All dèficits ar• eXpted to be recovered in 2023124. 32
The In¥olY• Found•iion Not•$ to Ihe financial $tatem¢nts Fof the ear ended 31 March 2023 16. Operating 1450 ¢¢ynmitmènts The charity ha¢J operating lease5 al the year eTrJ %wlh totsl frjture mininum lease payments as follows.. 2023 2022 Amount faning due." Wilhin 1 year Wilhin 1 - 5 years 42,405 38,522 42.405 38.522 17. R•lat•d party transactions Ed Cox, a trustee. is the Execulive Dirg¢tc¥ for Wèst MlandS Combined Auihority MCAl. WMCA hav• join•d a projéct that Invo are running. and durbng the year WMCA paid £33.216 to Invofve to provKle training 8nd coad)M1912022". £6.5C(l. No anKMJnts were oJtstanding at year end. Julie Mellor, trustee. is a Difector of Demos. Demos paid Involve £25012022.. £nill for conference sponsorship, and Involve paid Dernos £2,400 12022." £nill lor conference drinks. No arnounts were outstanding al year end. Sharon squi$. a fnjstee. is Ihe Chair of Panèls for thè Hom• Office. The Home Office paid Invofve £16.965 {2022." £14,775) for consultancy and project wk under the t¢ms ol th$ ¢traCt. No amounts were outstandry at year 8Th1. Hannah Whittr. a trustee. is a Oirectof of IFG Enterprises Limited. Invofve paid IFG Enterprises Lirnited £26012022.. £nill for caterry at a tM)afd meeting and strategy workshop. No amounts re outslandiro al year end.