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2024-03-31-accounts

Company no. 5669443 Charity no. (England & Wales) 1130568 Charity no. (Scotland) SC047314

The Involve Foundation Report and Audited Financial Statements 31 March 2024

The Involve Foundation

Reference and administrative details

For the year ended 31 March 2024

Company number 5669443 Charity numbers 1130568 and SC047314 Registered office and Oxford House operational address Derbyshire Street London E2 6HG Trustees Trustees, who are also directors under company law, who served during the year and up to the date of this report were as follows:

Claire Ainsley Paul Braithwaite Andrew Cave (Appointed 20 April 2023) Edward Cox (Chair) Temidayo Eseonu Delaweh Hamelo-Mensah (Appointed 10 August 2023) Kathryn Jones Julie Mellor (Resigned 10 August 2023) Sharon Squires Hannah White (Deputy Chair) Company secretary Sarah Castell Key management personnel Sarah Castell (CEO) Calum Green (Director of Innovation & Practice) Carly Walker-Dawson (Director of Capacity Building & Standar Gareth Bridges (Director of Finance and Support Servic Stephanie Draper (Director of Innovation & Practice) Bankers Unity Trust Bank CCLA 9 Brindley Place Senator House Birmingham 85 Queen Victoria Street B1 2HB London EC4V 4ET Auditors Godfrey Wilson Limited Chartered accountants and statutory auditors 5th Floor Mariner House 62 Prince Street Bristol BS1 4QD

1

The Involve Foundation

Report of the trustees

For the year ended 31 March 2024

The trustees, who are also directors under company law, present their report and financial statements for the year ended 31 March 2024.

The reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the Memorandum and Articles of Association, and the Statement of Recommended Practice - Accounting and Reporting by Charities (effective from January 2019).

Objectives

Our vision is of a vibrant UK democracy, with people at the heart of decision making. And our mission is to develop, support and campaign for new ways of involving people in the decisions that affect their lives.

To achieve this mission, our work focuses on delivering these outcomes:

Our vision and mission support our core charitable objectives, which are:

In shaping our objectives for the year, and planning our activities, the trustees have considered the Charity Commission's guidance on public benefit.

Activities, achievements and performance

Throughout the year Involve has continued to work with decision makers across the UK to support public involvement in the decisions that affect their lives. The public have been engaged in thousands of hours of learning, deliberating, making recommendations and holding decision makers to account. Alongside this, we have continued to develop our strategic functions with the each function having a new set of KPIs aligned to strategy in order for trustees to have clear, measurable indicators against which progress towards our mission can be reviewed.

During the year, we have delivered some innovative and strategically important projects bringing voices of the public into new spaces and increasing participation and the use of deliberative methods. Our annual report published on our website provides greater depth insight into our work and achievements, and a flavour of our projects undertaken this year are described here:

2

The Involve Foundation

Report of the trustees

For the year ended 31 March 2024

Waltham Forest Citizens’ assembly on the future of neighbourhood policing

Waltham Forest Council wanted to ensure that all its communities have a stronger voice in how local policing is delivered. This is why they held a citizens' assembly to hand power to a representative group of local people to deliberate and make recommendations on how neighbourhood policing can be improved. These recommendations will shape how the local police work in neighbourhoods in Waltham Forest. The council will also use the recommendations to improve their engagement with the police so that they can better support residents.

The Assembly took place across three weekends in February and March 2024. There were 50 Assembly Members recruited through sortition to reflect the population of Waltham Forest in terms areas such as their age, gender, ethnicity, whether or not they have a disability, and where in the borough they live.

The People’s Plan for Nature set out in 2022 to be the UK’s biggest ever conversation about the future of nature. Commissioned by RSPB, WWF and the National Trust, the project adopted a participatory model as a way to build a public mandate for a series of recommendations to protect and restore nature including the role of National and Local Government, Businesses, Charities and NGOs and Individuals and communities.

The council worked closely with the local Metropolitan Police, Involve and the Sortition Foundation to design and deliver the assembly, which was shaped by communities. An Advisory Board made up of community leaders and national experts met regularly to input into the assembly plans, advising on areas such the topics the assembly considered, what information was presented to the assembly by whom, and the engagement that took place around the assembly.

Waltham Forest Council also undertook extensive engagement in the run-up the assembly to ensure that local communities play a key role in shaping the citizens’ assembly, in terms of the areas it looks at and the information given to it. Their plans included youth engagement, community conversations and focus groups to hear from communities across the borough.

The project shows how deliberative approaches can successfully be applied with insights from the public ensuring communities have the opportunity to shape and influence the decisions that affect their lives.

The UK Democracy Network: making UK democracy actors greater than the sum of their parts In 2021 Involve was awarded a three-year grant from the Joseph Rowntree Reform Trust and the Joseph Rowntree Charitable Trust to set up the Democracy Network. The Network aims to build a democracy in the UK fit for the 21st century, where people have more influence over the decisions that affect their lives, more power and resources to improve their communities and more ability to elect and hold politicians and governments to account.

In the year, the Democracy Network has continued to grow and flourish, the Network delivered its second annual Democracy Conference marking this shift and allowing people a major chance to connect, collaborate and celebrate.

It is also an example of how Involve is building on a strong existing culture of collaboration to develop collective, sector-wide efforts to strengthen our democracy.

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The Involve Foundation

Report of the trustees

For the year ended 31 March 2024

Southampton climate assembly: How can citizens shape decisions about the future of transport and responses to climate change in Southampton

At the end of 2023, Southampton City Council brought together 37 people from across the city in a citizens’ assembly to answer the question: ‘How do we ensure an accessible, affordable and connected transport system in the city, whilst reducing carbon emissions and meeting climate targets?

The Southampton Citizens' Climate Assembly was set up as part of the council’s commitment to work together with residents and businesses to tackle climate change. The council wanted to use the outputs of the assembly to inform its Local Transport Plan.

Southampton City Council commissioned the assembly alongside the University of Southampton and University of Oxford. They appointed Involve to independently design and facilitate the assembly and write a subsequent report about the findings.

Assembly members drafted wide ranging recommendations covering transport infrastructure, accessibility, affordability, safety and education. The recommendations will be used by the council to inform the development of the next iteration of the Local Transport Plan.

Fundraising practices

Involve raises its funds through grant and consultancy funding, and to a much lesser degree from donations. We do not proactively solicit funding from members of the public, and we are not registered with the Fundraising Regulator.

Financial review

Our fundraising this year has featured major projects including the long-running Sciencewise programme, the Democracy Network, Southampton Climate assembly and the Future Grenfell support programme. We have also secured significant additional funding for major projects into 2024/25 including the Thriving Places programme which means that a significant portion of our funding needs for 2024/25 have been secured before the year commences.

At 31 March 2024 Involve had total funds of £496k (2023: £826k), of which £398k (2023: £412k) were unrestricted and designated funds with restricted funds of £98k (2023: £415k). Historically, Involve’s funding has come from a mix of contracts and restricted grants, with limited core funding. Our core funding, since 2017, has come from the Joseph Rowntree Charitable Trust, and in 2021 we successfully applied for a further three years of core funding from JRCT, of £150k. Most of our income continues to come from contracts and grants, and we expect this to continue.

There has been a gradual shift in our funding sources over recent years with a greater proportion of our income coming from restricted grants, this is a trend we expect to continue as we make a deliberate choice to apply for more longer term programmatic grant funding to compliment the more short term consultancy contracts. It is envisaged that this shift will aide the long term financial planning and sustainability of Involve as well as giving greater choice over the work we do, ensuring that our work is originated by Involve to further our mission alongside responsive bidding for consultancy projects.

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The Involve Foundation

Report of the trustees

For the year ended 31 March 2024

During the year, we have seen a modest growth in our team. This has included additional posts providing additional capacity for Involve to undertake its work and have greater impact reflecting the volume of new projects we are delivering. We have re-configured our pricing model to ensure that the full costs of running the organisation are recovered through our grant funded and consultancy work. These changes, seen in 2023/24 put us on a good footing to move forwards into 2024/25 with increased capacity and confidence to achieve fundraising targets.

Reserves policy

Involve’s reserves are made up of the balances with the General Fund and Stability Designated Funds. The Stability Designated fund is designed to ensure that Involve has sufficient funds for an orderly wind down of the charity in the event of financial difficulties. The total of the General fund and Stability fund stood at £398k (2023 £392k).

The reserves policy is for Involve to have between 3 and 6 months of Operating expenses within these funds. For the forthcoming year, this is between £350,000 and £700,000. As our operating expenses have increased due to the growth in our capacity described above, the level of reserve needed to meet this policy has increased. Current reserves are therefore towards the lower end of this range, for 2024/25 we have set a budget that includes a plan to grow our reserves with the intention of reaching a level equivalent to 6 months operating expenses over a 3-year period.

Going concern

The trustees consider that Involve will continue as a going concern for a period of at least 12 months from the date on which these financial statements are approved, for the following reasons:

The trustees therefore consider it appropriate to adopt the going concern basis for the preparation of the accounts, as detailed in note 1(b) to the financial statements.

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The Involve Foundation

Report of the trustees

For the year ended 31 March 2024

Principal risks and uncertainties

Involve has a risk register, integrated with our Business Plan, which is actively managed by both the management team and by trustees. The detailed strategic risk register is a standing item on the Finance & Risk Subcommittee’s agenda, and is reported by exception to the full Board.

Our principal risks and uncertainties, and the steps we take to manage them, are outlined below:

Future plans

There is a growing recognition that our current model of democracy is not fit for purpose, and people are increasingly looking for ways to make it better. Our work demonstrates how. Over the coming 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 it into creating change in a positive direction.

We have long had a reputation for designing and delivering world class participatory and deliberative decision-making processes, but we are clear that this is not enough to achieve the scale of change that is required. Our strategy in recent years has been to build our advocacy and communications capacity, and to build external networks, in order to shift the narrative about democracy and embed the principles of openness, participation and deliberation within institutions. We also broadened our strategy to cover capacity building and standard setting so that organisations and practitioners are helped to make that shift to a better democracy.

During 2023/24 we have been refining our strategy and linking to operational Key Performance Indicators to make the link between our strategy objectives with outputs and deliverables within our 3 main functions and we have ongoing internal work to develop a new impact framework to better capture and track the impacts from our work.

In terms of Involve’s confirmed programmes for 2024/25, these include the ongoing delivery of the Sciencewise programme for UK Research and Innovation, The UK Democracy Network, and tow new significant projects – the National Lottery funded School for Everyday Democracy and the Thriving Places project for Innovate UK.

6

The Involve Foundation

Report of the trustees

For the year ended 31 March 2024

Structure, governance and management

Involve is a charitable company limited by guarantee. It was incorporated on 9 January 2006 and registered as a charity on 15 July 2009. We also registered as a charity with the Office of the Scottish Charity Regulator on 10 April 2017. Involve’s Memorandum of Association establishes the objects and powers of the charitable company, which is governed under its Articles of Association.

Involve has a Board of Trustees who meet every quarterly and are responsible for the strategic direction, finances and policy of Involve. Our Articles of Association allows us to have up to 15 trustees. At 31 March 2024 there were 9 trustees, with a range of experience, skills and knowledge relevant to Involve’s mission. The company Secretary (who is Involve’s Chief Executive Officer) also sits on the Board but has no voting rights. Other staff also attend the Board as required. The Board has two sub-committees, a Finance & Risk sub-committee and an Advocacy & Communications subcommittee. The board intends to develop sub-committees in 2024/25 for its other functions – Capacity Building & Standards and Innovation & Practice.

Responsibility for the day to day management of the organisation is delegated to the Chief Executive Officer. Sarah Castell, CEO, was appointed in September 2021.

The CEO is supported by the senior management team, comprising:

Recruitment and appointment of trustees

The directors of the company are also charity trustees for the purposes of charity law and under the company’s articles are known as the trustees. Trustees are appointed for an initial period of three years by resolution of the trustees. This is renewable for a further term of three years. Trustees who have served six continuous years must leave and remain out of office for a period of one year unless the trustees resolve that it is in the best interests of Involve for that person to continue to serve as a trustee.

Due to the nature of Involve’s work, which is oriented towards participation, advocacy, democratic practice, and building capacity, the trustees have agreed that suitably experienced individuals are required to exercise adequate governance. Trustees identify potential new Board members through relevant networks and contacts and by open recruitment, followed by interview. When appointing new members, trustees look for a commitment to Involve’s vision and mission and attempt to achieve a balance of skills and experience on the Board.

Trustee induction and training

All new trustees are provided with a pack of information about governance, management and the work of Involve. This pack includes key financial and governance documents. In addition, all new trustees attend a short training session with the Chief Executive Officer or Director of Finance and Support Services. The purpose of this session is to familiarise them with the charity, its purpose, structure, financing and activities, as well as the role of a Board member.

7

The Involve Foundation

Report of the trustees

For the year ended 31 March 2024

Related parties and relationships with other organisations

Involve is a small organisation and, although we have a strong set of skills and experiences amongst our staff and Associates, we partner with other organisations and individuals on a significant proportion of our work. This partnering includes work where we are the lead organisation in a partnership as well as subcontracting by us or to us.

A full list of our funders in 2023/24, and details of our Associates and partner organisations, is available on our website: https://www.involve.org.uk/.

Involve has an established conflicts of interest policy for trustees. Trustees, 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 subcommittee meeting agendas. The policy outlines how any interests are then handled at 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 provides details of related party transactions.

Remuneration policy for key management personnel

Involve’s pay policy and pay scales are approved by trustees. Pay progression for all staff at involve is considered within the annual appraisal process including for key management personnel.

Statement of responsibilities of the trustees

The trustees (who are also directors of the charity for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing those financial statements the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees 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.

In so far as the trustees are aware:

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The Involve Foundation

Report of the trustees

For the year ended 31 March 2024

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

Members of the charity guarantee to contribute an amount not exceeding £10 to the assets of the charity in the event of winding up. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

Auditors

Godfrey Wilson Limited were re-appointed as auditors to the charitable company during the year and have expressed their willingness to continue in that capacity.

Approved by the trustees on 5 December 2024 and signed on their behalf by

Ed Cox, Chair

9

Independent auditors' report

To the members and the trustees of

The Involve Foundation

Opinion

We have audited the financial statements of The Involve Foundation (the 'charity') for the year ended 31 March 2024 which comprise the statement of financial activities, balance sheet, statement of cashflows and the related notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and the provisions available for small entities, in the circumstances set out in note 7 to the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

10

Independent auditors' report

To the members and the trustees of

The Involve Foundation

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report included within the trustees’ report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and the Charities Accounts (Scotland) Regulations 2006 requires us to report to you if, in our opinion:

Responsibilities of the trustees

As explained more fully in the trustees’ responsibilities statement set out in the trustees’ report, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

11

Independent auditors' report

To the members and the trustees of

The Involve Foundation

Our responsibilities for the audit of the financial statements

We have been appointed as auditor under section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and under the Companies Act 2006 and report in accordance with the Acts and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The procedures we carried out and the extent to which they are capable of detecting irregularities, including fraud, are detailed below:

(1) We obtained an understanding of the legal and regulatory framework that the charity operates in, and assessed the risk of non-compliance with applicable laws and regulations. Throughout the audit, we remained alert to possible indications of non-compliance.

(2) We reviewed the charity’s policies and procedures in relation to:

(3) We inspected the minutes of trustee meetings.

(4) We enquired about any non-routine communication with regulators and reviewed any reports made to them.

(5) We reviewed the financial statement disclosures and assessed their compliance with applicable laws and regulations.

(6) We performed analytical procedures to identify any unusual or unexpected transactions or balances that may indicate a risk of material fraud or error.

(7) We assessed the risk of fraud through management override of controls and carried out procedures to address this risk. Our procedures included:

12

Independent auditors' report

To the members and the trustees of

The Involve Foundation

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. Irregularities that arise due to fraud can be even harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charity’s members, as a body, in accordance with Chapter 3 of part 16 of the Companies Act 2006, and to the charity’s trustees, as a body, in accordance with Regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charity’s members and trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity, the charity's members as a body and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Alison Godfrey

Date: 5 December 2024

Alison Godfrey FCA (Senior Statutory Auditor)

For and on behalf of:

GODFREY WILSON LIMITED

Chartered accountants and statutory auditors 5th Floor Mariner House 62 Prince Street Bristol BS1 4QD

13

The Involve Foundation

Statement of financial activities (incorporating an income and expenditure account)

For the year ended 31 March 2024

Restricted
Note
£
Income from:
Donations
4,857
Charitable activities
3
425,508
Other trading activities
4
-
Investment income
-
Total income
430,365
Expenditure on:
Raising funds
-
Charitable activities
698,136
Total expenditure
5
698,136
Net income / (expenditure)
(267,771)
Transfers between funds
(49,382)
Net movement in funds
7
(317,153)
Reconciliation of funds:
Total funds brought forward
414,760
Total funds carried forward
97,607		 Unrestricted
£
12,311
1,487,869
1,333
4,403
1,505,916
124,102
1,444,561
1,568,663
(62,747)
49,382
(13,365)
411,540
398,175		 2024
Total
£
17,168
1,913,377
1,333
4,403
1,936,281
124,102
2,142,697
2,266,799
(330,518)
-
(330,518)
826,300
495,782		 2023
Total
£
4,816
2,251,510
5,750
1,462
2,263,538
111,629
2,042,864
2,154,493
109,045
-
109,045
717,255
826,300

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 15 to the accounts.

14

The Involve Foundation

Balance sheet

As at 31 March 2024

Note
Fixed assets
Tangible assets
10
Current assets
Debtors
11
Current asset investments
Cash at bank and in hand
Liabilities
Creditors: amounts falling due within 1 year
12
Net current assets
Net assets
14
Funds
15
Restricted funds
Unrestricted funds
Designated funds
General funds
Total charity funds		 £
498,253
104,462
142,368
745,083
(256,969)		 2024
£
7,668
488,114
495,782
97,607
99,748
298,427
495,782		 2023
£
5,972
399,641
80,059
639,598
1,119,298
(298,970)
820,328
826,300
414,760
98,748
312,792
826,300

These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies' regime.

Approved by the trustees on 5 December 2024 and signed on their behalf by

Ed Cox, Chair

15

The Involve Foundation

Statement of cash flows

For the year ended 31 March 2024

For theyear ended 31 March 2024
2024 2023
£ £
Cash used in operating activities:
Net movement in funds (330,518) 109,045
Adjustments for:
Depreciation charges 4,343 3,454
Decrease / (increase) in debtors (98,612) 43,384
Decrease in creditors (42,001) (12,500)
Net cash provided by / (used in) operating activities (466,788) 143,383
Cash flows from investing activities:
Purchase of tangible fixed assets (6,039) (5,726)
Net cash used in investing activities (6,039) (5,726)
Increase / (decrease) in cash and cash equivalents in the year (472,827) 137,657
Cash and cash equivalents at the beginning of the year 719,657 582,000
Cash and cash equivalents at the end of the year 246,830 719,657
The charity has not provided an analysis of changes in net debt as it does not have any long term
financing arrangements.
Cash and cash equivalents: 2024 2023
£ £
Analysed as:
Cash at bank and in hand 142,368 639,598
Current asset investments 104,462 80,059
246,830 719,657

16

The Involve Foundation

Notes to the financial statements

For the year ended 31 March 2024

1. Accounting policies

a) General information and basis of preparation

The Involve Foundation is a charitable company limited by guarantee registered both in England and Wales and in Scotland. The registered office address is Oxford House, Derbyshire Street, London, E2 6HG.

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Involve Foundation 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 note(s).

b) Going concern basis of accounting

The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of unrestricted reserves. There are no material uncertainties about the charity's ability to continue as a going concern. Trustees continue to keep the financial sustainability of Involve under careful scrutiny to ensure long term viability. This includes reviewing fund balances, cashflow projections and the pipeline of funding opportunities at each meeting of the finance and risk subcommittee. These indicators provide confidence that Involve remains a going concern.

c) Income

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

Income from the 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 of provision of consultancy services is deferred until criteria for income recognition are met.

d) Donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item, is probable and the economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised.

On receipt, donated 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.

17

The Involve Foundation

Notes to the financial statements

For the year ended 31 March 2024

1. Accounting policies (continued)

e) 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.

f) Funds accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. 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.

g) 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.

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

h) Grants payable

Grants which have been authorised and paid are included as expenditure in the Statement of Financial Activities. Grants which have been authorised but not yet paid are accrued in the balance sheet and are included within creditors falling due within one year or after one year (as appropriate).

i) Allocation of support costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Governance costs are the costs associated with the governance arrangements of the charity, including the costs of complying with constitutional and statutory requirements and any costs associated with the strategic management of the charity’s activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities on the following basis, which is an estimate of staff time spent on activities:

2024 2023
Raising funds 8% 10%
Charitable activities 92% 90%

j) Tangible fixed assets

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: Website 3 years straight line basis Computer and office equipment 3 years straight line basis

k) 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.

18

The Involve Foundation

Notes to the financial statements

For the year ended 31 March 2024

1. Accounting policies (continued) l) 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.

m) Creditors

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.

n) Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently recognised at amortised cost using the effective interest method.

o) Pension costs

The company operates a defined contribution pension scheme for its employees. There are no further liabilities other than that already recognised in the SOFA.

p) Foreign currency transactions

Transactions in foreign currencies are translated at rates prevailing at the date of the transaction. Balances denominated in foreign currencies are translated at the rate of exchange prevailing at the year end.

q) Accounting estimates and key judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are depreciation as described in note 1(j).

19

The Involve Foundation

Notes to the financial statements

For the year ended 31 March 2024

2. Prior period comparatives

Prior period comparatives
Income from:
Donations
Charitable activities
Other trade income
Investment income
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net income / (expenditure)
Transfers between funds
Net movement in funds		 Restricted
£
£
-
4,816
746,123
1,505,387
-
5,750
-
1,462
746,123
1,517,415
-
111,629
493,426
1,549,438
493,426
1,661,067
252,697
(143,652)
306
(306)
253,003
(143,958)
Unrestricted		 2023
Total
£
4,816
2,251,510
5,750
1,462
2,263,538
111,629
2,042,864
2,154,493
109,045
-
109,045

3. Income from charitable activities

Grant income
Consulting income
Training income
Total income from charitable activities
Prior period comparative:
Grant income
Consulting income
Training income
Total income from charitable activities		 Restricted
£
£
425,508
100,000
-
1,342,920
-
44,949
425,508
1,487,869
Restricted
£
£
746,123
60,000
-
1,409,347
-
36,040
746,123
1,505,387
Unrestricted
Unrestricted		 2024
Total
£
525,508
1,342,920
44,949
1,913,377
2023
Total
£
806,123
1,409,347
36,040
2,251,510

20

The Involve Foundation

Notes to the financial statements

For the year ended 31 March 2024

4. Income from other trading activities

Sponsorship income

2024
£
1,333		 2023
£
5,750

All income from other trading activities in the current period was unrestricted.

5. Total expenditure

Total expenditure
Direct costs
Grants payable (note 6)
Staff costs (note 8)
Other staff costs
Premises costs
Office and IT costs
Other costs
Trustee meeting costs
Audit fees
Sub-total
Total expenditure
Allocation of support and
governance costs		 Raising
funds
£
-
-
62,038
-
-
-
6,942
-
-
68,980
55,122
124,102		 Charitable
activities
£
£
755,933
-
51,794
-
706,885
477,251
-
43,636
-
46,441
-
46,202
-
62,018
-
1,209
-
6,450
1,514,612
683,207
628,085
(683,207)
2,142,697
-
Support and
governance
costs		 2024 Total
£
755,933
51,794
1,246,174
43,636
46,441
46,202
68,960
1,209
6,450
2,266,799
-
2,266,799

Total governance costs were £24,818 (2023: £21,148).

21

The Involve Foundation

Notes to the financial statements

For the year ended 31 March 2024

5.
Total expenditure (continued)
Prior period comparative
Direct costs
Grants payable (note 6)
Staff costs (note 8)
Other staff costs
Premises costs
Office and IT costs
Other costs
Trustee meeting costs
Audit fees
Bad debt
Sub-total
Total expenditure
6.
Grants payable
Grants paid to institutions:
Shared Future CIC
UK100
Climate Outreach
Original Content London
Allocation of support and
governance costs		 Raising
funds
£
-
-
43,566
-
-
-
4,883
-
-
-
48,449
63,180
111,629		 Charitable
activities
£
£
935,401
-
57,609
-
406,253
474,832
-
8,720
-
43,669
-
40,529
-
75,083
-
3,353
-
6,150
54,445
-
1,453,708
652,336
589,156
(652,336)
2,042,864
-
2024
£
16,515
30,209
5,070
-
51,794
Support and
governance
costs		 2023 Total
£
935,401
57,609
924,651
8,720
43,669
40,529
79,966
3,353
6,150
54,445
2,154,493
-
2,154,493
2023
£
38,658
9,379
4,572
5,000
57,609

No grants were paid to individuals, and no support costs have been allocated to grant-making activities.

22

The Involve Foundation

Notes to the financial statements

For the year ended 31 March 2024

7. Net movement in funds

This is stated after charging:

Depreciation
Operating lease payments
Trustees' remuneration
Trustees' reimbursed expenses
Auditors' remuneration:
Statutory audit (excluding VAT)
Other services		 2024
£
4,343
47,562
Nil
676
6,450
9,530		 2023
£
3,454
41,887
Nil
3,353
6,150
7,613

Trustees' reimbursed expenses in the current year relate to payments made to 4 trustees for reimbursed meeting, accommodation and travel expenses (2023: 6).

In common with other charities of our size and nature we use our auditors to assist with the preparation of the financial statements and to prepare and submit returns to the tax authorities. Our auditors have also provided bookkeeping and payroll services to the charity during the year.

8. Staff costs and numbers Staff costs were as follows:

Salaries and wages
Social security costs
Pension costs		 2024
£
1,076,964
114,367
54,843
1,246,174		 2023
£
800,153
84,892
39,606
924,651

The key management personnel of the charitable company comprise of the CEO and Directors. The total employee benefits of the key management personnel were £242,864 (2023: £226,181).

Salaries and wages costs include termination payments of £4,678 paid during the year.

The average number of employees during the year was as follows:

Average head count 2024
No.
24.7		 2023
No.
19.6

23

The Involve Foundation

Notes to the financial statements

For the year ended 31 March 2024

8. Staff costs and numbers (continued)

Staff costs and numbers (continued)
The number of higher paid employees was: 2024 2023
No. No.
£60,001 - £70,000 1 -
£70,001 - £80,000 1 -
£80,001 - £90,000 - 1
£90,001 - £100,000 1 -

9. Taxation

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

10. Tangible fixed assets

Tangible fixed assets
Cost
At 1 April 2023
Additions in year
At 31 March 2024
Depreciation
At 1 April 2023
Charge for the year
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023
Debtors
Trade debtors
Bad debt provision
Prepayments
Accrued income
Other debtors		 Website
£
£
10,471
15,340
-
6,039
10,471
21,379
10,471
9,368
-
4,343
10,471
13,711
-
7,668
-
5,972
2024
£
374,851
-
12,729
110,673
-
498,253
Computer and
office
equipment		 Total
£
25,811
6,039
31,850
19,839
4,343
24,182
7,668
5,972
2023
£
395,090
(54,445)
2,654
56,342
-
399,641

11. Debtors

24

The Involve Foundation

Notes to the financial statements

For the year ended 31 March 2024

12. Creditors : amounts due within 1 year

Creditors : amounts due within 1 year
Trade creditors
Accruals
Other taxation and social security
Deferred income (see note 13)
Other creditors		 2024
£
77,773
42,268
119,389
-
17,539
256,969		 2023
£
98,374
52,768
113,676
29,600
4,552
298,970
13. Deferred income
At 1 April 2023
Released during the year
Deferred during the year
At 31 March 2024		 2024
£
29,600
(29,600)
-
-		 2023
£
19,900
(19,900)
29,600
29,600

Deferred income comprises consultancy income received in advance of work being delivered.

14. Analysis of net assets between funds

Tangible fixed assets
Current assets
Current liabilities
Net assets at 31 March 2024
Prior period comparatives
Tangible fixed assets
Current assets
Current liabilities
Net assets at 31 March 2023		 £
-
97,607
-
97,607
£
-
414,760
-
414,760
Restricted
funds
Restricted
funds		 £
-
99,748
-
99,748
£
-
98,748
-
98,748
Designated
funds
Designated
funds		 General
funds
£
7,668
547,728
(256,969)
298,427
General
funds
£
5,972
657,654
(298,970)
312,792		 Total
funds
£
7,668
745,083
(256,969)
495,782
Total funds
£
5,972
1,119,298
(298,970)
826,300

25

The Involve Foundation

Notes to the financial statements

For the year ended 31 March 2024

15. Movements in funds

Restricted funds
Forum for the Future Just Transitions
Just Transitions additional
Climate Assembly Evaluation - European Climate Foundation
Network for Democracy
Local Engagement on Climate Change
Rebooting Online Public Dialogue
UK OGN impact strategy
Riverwoods
GLA Civic Data Innovation Challenge
ECF KNOCA Innovations in Local Climate Authorities
UPPERNet Climate Summit
Fellowship on impact of citizen's assemblies
UK OGN Co-ordination 2023
Our Zero Selby follow up
Positive Low Energy Futures
English Devolution Call to Action
Democracy Innovators Network
Restricted funds carried forward		 At 1 April
2023
£
14,881
40,971
3,599
213,914
107,877
19,409
3,766
(2,175)
7,735
(476)
5,259
-
-
-
-
-
-
414,760		 Income
£
-
-
-
113,794
50,000
15,000
-
48,750
1,500
4,667
5,985
23,587
6,000
7,500
40,000
19,688
12,300
348,771		 £
(14,881)
(40,971)
(3,599)
(305,355)
(97,652)
(34,409)
(3,766)
(53,348)
(5,114)
(4,191)
(11,244)
(12,275)
(5,866)
(1,411)
(34,259)
(6,706)
(4,030)
(639,077)
Expenditure		 £
£
-
-
-
-
-
-
-
22,353
(45,261)
14,964
-
-
-
-
-
(6,773)
(4,121)
-
-
-
-
-
-
11,312
-
134
-
6,089
-
5,741
-
12,982
-
8,270
(49,382)
75,072
Transfers
between
funds
At 31 March
2024

26

The Involve Foundation

Notes to the financial statements

For the year ended 31 March 2024

15. Movements in funds (continued)

Restricted funds carried forward (from above)
NEF conditionality in Welfare
Local Engagement on Climate Change follow on project
School for Everyday Democracy
Total restricted funds
Designated funds:
Stability fund
Advocacy and communications
Total designated funds
General funds
Total unrestricted funds
Total funds
Unrestricted funds		 At 1 April
2023
£
414,760
-
-
-
414,760
78,748
20,000
98,748
312,792
411,540
826,300		 Income
£
348,771
31,594
50,000
-
430,365
-
-
-
1,505,916
1,505,916
1,936,281		 £
(639,077)
(29,647)
(27,954)
(1,458)
(698,136)
-
-
-
(1,568,663)
(1,568,663)
(2,266,799)
Expenditure		 £
£
(49,382)
75,072
-
1,947
-
22,046
-
(1,458)
(49,382)
97,607
21,000
99,748
(20,000)
-
1,000
99,748
48,382
298,427
49,382
398,175
-
495,782
Transfers
between
funds
At 31 March
2024		 £
£
(49,382)
75,072
-
1,947
-
22,046
-
(1,458)
(49,382)
97,607
21,000
99,748
(20,000)
-
1,000
99,748
48,382
298,427
49,382
398,175
-
495,782
Transfers
between
funds
At 31 March
2024
97,607
99,748
-
99,748
298,427
398,175
495,782

27

The Involve Foundation

Notes to the financial statements

For the year ended 31 March 2024

15. Movements in funds (continued) Prior period comparative

Prior period comparative
Restricted funds
Distributed Dialogue on Data Sharing
Forum for the Future Just Transitions
Just Transitions additional
UK Citizens' Jury on Genome Editing - Wellcome Sanger Institute
Public Participation Capacity Building (Cross-border)
Climate Assembly Evaluation - European Climate Foundation
Network for Democracy
Local Engagement on Climate Change
SCA Network
Rebooting Online Public Dialogue
UK OGN impact
Riverwoods
GLA Civic Data
ECF KNOCA
UPPERNet Climate Summit
Total restricted funds		 At 1 April
2022
£
17,425
-
-
31,101
7,227
5,858
69,515
30,631
-
-
-
-
-
-
-
161,757		 Income
£
5,030
20,189
54,000
10,952
-
3,579
356,158
210,000
13,500
45,000
9,500
-
8,500
4,270
5,445
746,123		 £
(22,761)
(5,308)
(13,029)
(42,053)
(7,227)
(5,838)
(211,759)
(132,754)
(13,500)
(25,591)
(5,734)
(2,175)
(765)
(4,746)
(186)
(493,426)
Expenditure		 £
£
306
-
-
14,881
-
40,971
-
-
-
-
-
3,599
-
213,914
-
107,877
-
-
-
19,409
-
3,766
-
(2,175)
-
7,735
-
(476)
-
5,259
306
414,760
Transfers
between
funds
At 31 March
2023

28

The Involve Foundation

Notes to the financial statements

For the year ended 31 March 2024

15. Movements in funds (continued) Prior period comparative

Prior period comparative
Total restricted funds (from above)
Designated funds:
Stability fund
Advocacy and communications
Total designated funds
General funds
Total unrestricted funds
Total funds
Unrestricted funds		 At 1 April
2022
£
161,757
57,748
80,000
137,748
417,750
555,498
717,255		 Income
£
746,123
-
-
-
1,517,415
1,517,415
2,263,538		 £
(493,426)
-
-
-
(1,661,067)
(1,661,067)
(2,154,493)
Expenditure		 £
£
306
414,760
21,000
78,748
(60,000)
20,000
(39,000)
98,748
38,694
312,792
(306)
411,540
-
826,300
Transfers
between
funds
At 31 March
2023		 £
£
306
414,760
21,000
78,748
(60,000)
20,000
(39,000)
98,748
38,694
312,792
(306)
411,540
-
826,300
Transfers
between
funds
At 31 March
2023
78,748
20,000
98,748
312,792
411,540
826,300

29

The Involve Foundation

Notes to the financial statements

For the year ended 31 March 2024

15. Movements in funds (continued) Purposes of restricted funds Forum for the Future Just Transitions

This grant from Friends Provident Charitable Foundation, sub granted to Involve from Forum for the Future enables us to work with Forum to support local economies by demonstrating community led fair transitions to net zero.

Just Transitions additional

This grant from forum for the future enables Involve to extend the reach of the programme to additional participants.

Climate Assembly Evaluation - This grant from the European Climate Foundation enables European Climate Foundation Involve to commission additional evaluation of Climate Assembly UK to complement the evaluation commissioned separately by the UK Parliament.

Network for Democracy

These grants from the Joseph Rowntree Reform Trust, Jospeh Rowntree Charitable Trust and the Open Society Foundation enables Involve to work collaboratively with a range of stakeholders to build a stronger UK democracy network.

Local Engagement on Climate These grants from the Esmee Fairbain Foundation and the Change Calouste Gulbenkian Foundation (UK branch) enables Involve to work with partner organisations to support local authorities to engage with their communities around climate change.

Rebooting Online Public Dialogue This grant from the RSA enables Involve to trial experimental approaches to public dialogue.

UK OGN impact strategy This grant from the Open Government Partnership enables Involve to co-develop medium term impact and resourcing strategies for the UK Open Government Network.

Riverwoods This grant from the Scottish Wildlife Trust enables Involve to work with partner organisations to support local community engagement in the delivery of riparian woodland and healthy river systems in Scotland.

GLA Civic Data Innovation This grant from the Greater London Authority enables Challenge Involve to develop a toolkit for identifying practice and impacts of deliberative and participatory engagement across London with local authorities. ECF KNOCA Innovations in Local This grant from the European Climate Foundation enables Climate Authorities Involve to develop a framework for collecting and collating knowledge on innovations on climate assemblies at subnational level.

30

The Involve Foundation

Notes to the financial statements

For the year ended 31 March 2024

15. Movements in funds (continued) Purposes of restricted funds (continued)

UPPERNet Climate Summit

This grant from Ashden Climate Outreach enables Involve to collaborate with partners to partake in a summit to unlock the potential for public engagement to help accelerate the reduction in carbon emissions.

Fellowship on impact of citizen's assemblies

This Grant from Oxford University enabled Involve to research and present evidence on the impact of citizen's assemblies.

UK OGN Co-ordination 2023

This grant from Open Government Partnership enables Involve to lead the co-ordination of the UK Open Government Network.

Our Zero Selby follow up

This grant from Up For Yorkshire enable Involve to support on-going engagement in the net zero project in Selby.

Positive Low Energy Futures

This grant form Lancaster university enables Involve to run a citizens panel on energy demand.

English Devolution Call to Action

This grant from JRSST-CT enabled Involve to develop proposals for how participatory and deliberative processes could improve accountability in English devolution.

Democracy Innovators Network This Grant from St Stephen's Green Trust enables Involve to develop a Democracy Innovators Network across the island of Ireland.

NEF conditionality in Welfare

This grant from the New Economics Foundation has enabled Involve to undertake deliberative workshops to consider fairer solutions in the use of conditionality in the welfare system.

Local Engagement on Climate These grants from the Esmee Fairbain Foundation and the Change follow on project Calouste Gulbenkian Foundation (UK branch) enables Involve to work with partner organisations to support local authorities to engage with their communities around climate School for Everyday Democracy This grant from the National Lottery enables Involve to support people to become Everyday Democracy champions, giving them the power, confidence, connections, skills, and opportunities required to affect the things that matter most to them.

Distributed Dialogue on Data Funded by Wellcome and the London Borough of Camden Sharing (and initially by the Scottish Government), this project will pilot models of distributed, community-based dialogue, which will explore how the data sharing debate can be widened and sustained.

31

The Involve Foundation

Notes to the financial statements

For the year ended 31 March 2024

15. Movements in funds (continued)

Purposes of designated funds UK Citizens' Jury on Genome This grant from the Wellcome Sanger Institute enables Editing - Wellcome Sanger Involve to run a Citizen’s Jury in the UK as part of a global Institute series of deliberations on genome editing. Public Participation Capacity This grant from the Republic of Ireland’s Department of Building (Cross-border) Foreign Affairs enables Involve to help build capacity on public participation amongst local authorities on both sides of the Ireland/Northern Ireland border.

SCA Network This grant from the Scottish Government enables Involve to form a members network of members from Scotland’s Climate Assembly.

Stability fund

Stability fund This fund enables Involve, if necessary, to close down the organisation in an orderly and honourable manner. Advocacy and communications This fund will be used to invest in Involve's Advocacy and Communications work, as part of Involve's new strategic focus.

Transfers between funds

The transfer from restricted funds to general funds represents expenditure that was incorrectly allocated to general funds in the prior year. The transfer between designated funds represents the trustees continued decision to increase the stability fund. The advocacy and communications fund was drawn down in 2023/2024.

Funds in deficit

All funds in deficit comprise restricted funds which have been spent in advance of the receipt of further income. All deficits are expected to be recovered in 2024/25.

16. Operating lease commitments

The charity had operating leases at the year end with total future minimum lease payments as follows:

2024 2023 £ £ Amount falling due: Within 1 year 44,524 42,405

17. Related party transactions

Ed Cox, a trustee, is the Executive Director for West Midlands Combined Authority (WMCA). WMCA have joined a project that Involve are running, and during the year WMCA paid £41,050 to Involve to plan the Net Zero panel workshops (2023: £33,216, for the provision of training and coaching). No amounts were outstanding at year end (2023: No amounts).

32

The Involve Foundation

Notes to the financial statements

For the year ended 31 March 2024

17. Related party transactions (continued)

Julie Mellor, trustee, is a Director of Demos. Demos paid Involve £nil (2023: £250) for conference sponsorship, and Involve paid Demos £3,600 (2023: £2,400) for conference drinks. No amounts were outstanding at year end (2023: No amounts).

Paul Braithwaite, trustee, is the Europan Regional Lead for the Open Government Network. During the year the charitable company received a grant for £9,488 (2023: £nil) from the Open Government Network, no amounts were outstanding at year end (2023: No amounts).

Sharon Squires, a trustee, is the Chair of Panels for the Home Office. The Home Office paid Involve £nil (2023: £16,965) for consultancy and project work under the terms of the contract. No amounts were outstanding at year end (2023: No amounts).

Hannah White, a trustee, is a Director of IFG Enterprises Limited. Involve paid IFG Enterprises Limited £nil (2023: £260) for catering at a board meeting and strategy workshop. No amounts were outstanding at year end (2023: No amounts).

33