CENTRE
F•R
LONDON
REPORT AND FINANCIAL
STATEMENTS
For the 18 Month period to 30June 2024
Centre for London
Company number: 08414909
Charity number: 1151435

Centre For London Icompany no: 08414909, charity no: 1141435)
For the 18 months ended 30 June 2024
Contents
References and administration
Trustees, 8nnu81 report
Independentexaminer's report
Statement of financial activities (incorporating an income and expenditure
account)
Balance Sheet
Statement of cash flows
Notes to the financial statements
18
20
21
23
24

Centre For London Icompany no: 08414909, charity no: 1141435)
For the 18 months ended 30 June 2024
References and administrative information
Company number
Country of incorporation
Charity number
Country of registration
Registered oiyice and operational address
08414909
United Kingdom
1151435
England & Wales
House of Sport, 190 Great Dover St, London,
England. SE14YB
Trustees
Trustees, who are also directors under company law. who served duringthe year and up to the
date of this report were as follows:
Mrs Fiona Carswell
Mr Paul King
Mr David Slater
Chair (Started as chair 9 Feb 20231
Deputychair (Term ended 9 Feb 2023)
Chair of the Finance Commitee
(Term ended 11th May2023)
Appointed 9 Feb 2023
Appointed Chair ofthe Finance Commitee
10th May 2023
Resigned 21 Jul 2023
Appointed 9 Feb 2023
Appointed 9 Feb 2023
Mr Nicholas Kirby
Miss Bomonlu Adelaja
Ms Tel Barde
Ms Annelie Drabu
Mr Samuel Ewuosho
Ms Laia Gasch Casals
Ms Jenna Goldberg
Mr Daniel Hawthorn
Appointed 9 Feb 2023
DeputyChair- Appointed 9 Feb 2023
Resigned 13 Jun 2024
Appointed 10 Feb 2023
Term ended 9 Feb 2023
Term ended 9 Feb 2023
Mr Peter Lewis
Mr Matthew Pencharz
Ms Sonal Shah
Mr AndrewTravers
Mr Shashi Verma
Mr Dominic Wilson
Dr Nicolas Bowes
Key management
personnel
Chief Executive (Departing 9 June 2023)
Ms Antonia Jennings
Chief Executive (Appointed 11 September
20231
Operations Director (resigned Sept 2023}
Ms Rachel Heilbron
Bankers
The Co-operative Bank PIC
PO Box 101. 1 Balloon Street. Manchester. M60 4EP
Solicitors
Bates. Wells & Braithwaite
10 Queen Street Place, London, EC3R 1 BE
Independent
Examiners
Joanna Pittman FCA. Sayer Vincent LLP. Chartered Accountants and
Independent Examiner 110 Golden Lane. London. EC1Y OTG

Centre For London Icompany no: 08414909, charity no: 1141435)
For the 18 months ended 30 June 2024
Trustees, Annual Report
The trustees present their report and the independently examined financial statements for the 18 months
ended 30 June 2024.
Reference and administrative information set out on page I forms part of this report. The financial
statements comply with current Statutory requirements, the memorandum and articles of association, the
requirements of a directors, report as required under company law, and the Statement of Recommended
Practice - Accounting and Reporting by Charities= 50RP applicable to charities preparing their accounts in
accordance with FRS 102.
Since the charity qualifies as small under section 383, the strategic report required of medium and large
companies under the Companies Act 20261Strategic Report and Directorfs report) Regulations 2013 is not
required. The report of the trustees has been prepared in accordance with the special provisions applicable
to companies subject to the small companies, regime.
Objectives and activities
As per the charity's governing document. the objectives and activities of the charity are-.
l. To undertake, publish and promote the useful results of non-partisan. objective research and to host
public educational events and conferences in pursuit of the advancement of education for the public benefit
in issues of economic, social. environmental and public policy which affett London and other cities;
2. To promote civic responsibility and sustainable development for the public benefit in London and other
cities by..
lal the preservation, conservation and the protection of the environment and the prudent use of
resources,.
Ibl the relief of poverty and the improvement of the conditions of life in socially and economically
disadvantaged communities,. and
Icl the promotion of sustainable means of achieving economic growth and regeneration. Sustainable
development means'development which meets the needs of the present without compromising the ability
of future generations to meet their own needs."
Achievements and performance
The charity's main activities are described below. All its charitable attivities focus on making London better
for all Londoners and are undertaken to further Centre for London's charitable purposes for the public
benefit.
We launched one ma
ic
ect (including reports, data breakdowns and events} and published 10
research reports. Most of our publications also included a launch event and/or other associated events such
as advisory group discussions and roundtables. We also delivered 11 in-personlhybrid events.
or strate
ro

Centre For London Icompany no: 08414909, charity no: 1141435)
For the 18 months ended 30 June 2024
Our research over this period has resulted in over l(KJ policy recommendations between January 2023-June
2024. Meanwhile. media coverage of our work surpassed 740 mentions in the past year.
Our 2023 and 2024 London Conferences. combined, saw over 800 people come together in person and
online. Our London Housing Summit 2024 was the first thematic, participatory conference in Centre for
London's history and brought together 150 in-person delegates. In 2024. we also introduced paid tickets for
our conferences - amounting to total ticket sales of £24,216.
Events
Standalone
The London Housin
Summit 2024
The London Conference 2023- Is London in Crisis?
London Conference Dinner
Labour Pa
Conference 2023: London's Role as a Global Ci
Conservative Part Conference 2023.. London's Role as a Global Ci
Summer Drinks Rece
tion
Report launches
What influences Londoners. Wellbein
and What Can Hel ?
Clutter and Chaos= How to Sort Out Central London's Streets
with the Times.. Trans
ort Solutions for London
Movin
Research projects
Reports
Urban lo
15tic hubs: what are London's needs?
Licence to Let= How
licensin
could
rotect
rivate renters
Movin
with the Times.. Su
ortin
Sustainable Trans
ort in Outer London
Movin
with the Times.. Financial Incentives for Sustainable Travel
Homes Fit for Londoners: Londoners Homes Toda
Reducin
Street Clutter in Central London
What influences Londoners. wellbein
and what can hel ?
London's Housin
Crisis
ro
Homes Fit for Londoners: Solvin
Rebootin
London's econom
London and the Heathrow Re
ion
In addition to these outputs, we ran severol roundtobles and other events reloted to projects which hove been
launched in the second half of 2024 or will be launched in 2025. To ovoid double counting, these will be
described in the next report.
Supporters Network
We ran 11 Supporters Network events- Chatham House rule discussions with London's leaders.
Speakers included..
Bek Seeley- Managing Director of Development {Europel, Lendlease

Centre For London Icompany no: 08414909, charity no: 1141435)
For the 18 months ended 30 June 2024
Mark Wild- Chief Executive of SGN and H52 Limited
Wendy Thomson- Vice-chancellor. University of London
Andy Roe- Commissioner of the London Fire Brigade
Enver Solomon - Chief Executive. Refugee Council
Alison Griffin- Chief Executive. London Councils
In this period, 75% of our members renewed. and our membership grew to 23 members from across the
public, private and third sectors. The network has differing benefits for different levels of membership
depending on the type of organisation.
2023-2024 members include, among others:
7 London Boroughs
City of London Corporation
GLA
G15 and L&Q
KPMG
Port of London Authority
Places for London (previou5 Properties)
University of London.
Influence and impact
Things that have changed as a result of our work.
Policy change
In February 2023, the latest version of The London Plan called for parking spa￿$ within communal
parking facilities to be leased rather than sold, a recommendation from our 2020 report, Buildin
New Urban n4obilit
The government announced in March 2023 that it would include powers for compulsory rent of vacant
properties in the ASB Bill, a5 suggested in our Communit Tobvn Centre5 report.
Mayor Sadiq Khan announced a £4 million 'licensing hub to support boroughs taking action to support
tenants,. This closely aligned with our recommendation for the GLA to support boroughs to harmonise
and rationalise their licensing schemes in our report Licence to Let.
Newham Council referenced our Licence to Let report. as they initiated/ extended the work on their
landlord licensing scheme.
oro
Informing Policymakers
Private briefing letter5 were sent to key polirymakers following the Licence to Let re
ort informing those
in power of our recommendations, leading to meetings between our Senior Research Officer, Jon
Tabbush, and several civil servant5.
Centre for London has an ongoing quarterly meeting with the Cities and Local Growth Unit, which
includes members from four different government departments. providing insight into our latest
research particularly Rebootin
London's 5conom
and Solvin
London's Housin
Crisi5.
Following publication of our multi-year programme. Moving with the Times, which resulted in two
reports on Su5tainoble Travel in Outer London and Finorjciol Ir7centive5
or Sustuingble Trc7vel we sent out
over 50 letters to policymakers briefing on the top-lines of our findings and recommendations.

Centre For London Icompany no: 08414909, charity no: 1141435)
For the 18 months ended 30 June 2024
Our Senior Research Officer, Jon Tabbush and CEO. Antonia Jennings were asked to brief civil servants
from the Partnerships and DeliveryTeam at the Department forTransport on our transport research.
They covered Sustainuble Travel in Outer London and Turning South London Orange.
Briefing letters were also sent following the publication of Rebooting London's Economy. receiving a
response from Rachel Reeves (Shadow Chancellor at the timel and three London MPS stating the letters
were being included in upcoming briefings to the MPS.
Jon Tabbush and Antonia Jennings were also invited to write up a briefing by the APPG for London.
convened by London Councils and attended by MPS, to outline the next steps for devolution in the
capital. Significant work has followed in the financial year starting July 2024.
Jon Tabbush and Head of Research. Josh Cottell. met with alarge group of Dutch civil servants in their
housing ministry la group called Jong BZK). They briefed them on London's housing market, with a
particular focus on affordable housing policy.
Shaping the debate
May 2024 saw London's Mayoral Elections. In partnership with Savanta, we polled Londoner5 on their
voting intentions in the upcoming election. This work received over 60 pieces of media coverage and was
the most accurate predictor of the election outcome. Alongside voting intention, we polled and
published key data on democratic engagement such as:
A press release on how many young people were unaware of the upcoming Mayoral Election
in 2024.
A press release unpacking Sadiq Khan's record to date- where Londoners felt he had
performed well or badly.
A press release on the knowledge, or lack thereof. of new voter ID regulation which turned
people away at the door if they did not show valid identification.
This partnership, titled Whot London Thinks, is ongoing. Between March 2024 and June 2024 alone we
published 10 press releases utilising the polling data, to share Londoners perceptions of key issues facing
the capital.
Following our publication of Homes Fitfor Londoners. Solving London's Housing Cri515, we have been a
crucial voice and informer on Green Belt policy where we have advocated for building on 'low-quality'
area5 of the Green Belt otherwise known as the 'grey belt,. Following June 2024 thi5 is now government
policy. This includes:
Releasing a press release which received coverage across national and London news
including across BBC channels {online, radio and rvi, ITV News, Inside Housing and The
Evening Standard.
Working with BBC Verify to put together a long-form media piece informing the public on
what changes to Green Belt Policy would mean.
Working alongside our data partners, Savanta, to establish the popularity of housing policies
among Londoners. such as building on the Green Belt.
Sharing this data at our London Housing Summit in June 2024 to highlight the popularity of
Using 'low-quality' section5 of Green Belt designated land to build new housing with high
profile policymakers and private and public sertor leaders.
In January 2024, we co-wrote an open letter with the G15 to Michael Gove outlining the need for
greater grant funding to London's Affordable Homes Programme. This was published in the Guardian
and received a response from Gove's office.

Centre For London Icompany no: 08414909, charity no: 1141435)
For the 18 months ended 30 June 2024
In JLJne 2024, we were asked to write an op-ed as part of City Am's Build Boby Build campaign,
unpacking key solutions to London's housing crisis.
Supporting strategic planning
The London Borough of Islington directly clted our Remixin
Centr31 London report in their Article 4
application to remove permitted development rights in Kings Cross.
Delivering London are publicly launching their new network of par￿1 lockers in June, incorporating
recommendations from our report The Active Last M I le.
The Greater London Authority have published their plans for the pedestrianisation of Oxford Street.
echoing our long-term call for this to happen.
London Councils are working with Boroughs and Transport for London to create a strategy around E-Bike
Parking, as called for acr055 our transport reports including Micromobility in London, Reducing Street
Clutter and Sustainable Travel In Outer London.
How we shared our messages
Speaking to decision makers
Centre for London events
On 19 July 2023 we co-hosted a private, invite-only Summer Drink5 Reception in partnership with
City BIDS- Aldgate Connect. Culture Mile Bid and Cheapside which brought together MPS, council
leaders, business executives and third-sector leaders.
On 5 June 2024 we h05ted our first, sold-out London Housing Summit. The summit brought together
leaders from across the public. private and third sector to brainstorm solutions to London's housing
crisis and included participatory workshops hosted by thematic partners.
The London Conference 2023 took place ahead of the Mayoral Election in 2024. We secured the four
leading Mayoral candidates for an in-conversation discussion with the Mayor of London Sadiq Khan.
Rob Blackie, Zoe Garbett and Susan Hall.
Deputy Mayor for Housing and Residential Development. Tom Copley, and London Borough Leaders,
Adam Hug, Elizabeth Campbell, Stephen Cowan, Darren Rodwell and Kieron Williams also spoke at
Centre for London events.
External events
In 2023, we co-hosted events at both Labour and Conservative Party Conferences alongside The Earls
Court Development Company, panels of which featured our Chief Executive Antonia Jennings, Fiona
Fletcher-smith, CEO of L&Q and Chair of Trustees at Centre for London, Fleur Anderson MP, MP for
Putney. Graeme Craig• CEO of Places for London. Cllr Elizabeth Campbell, Leader of the Royal
Borough of Kensington and Chelsea and Paul Scully. Minister of London lat the timel. Both Party
Conferences, events featured an audience of a range of Conservative and Labour politicians including
MPS, Assembly Members and council leaders.
We held a panel discussion at the London Assemblvs Cost of Living Conference in 2023, which
featured our CEO Antonia Jennings, Kojo Sarpong, Director of Housing Need5 at the Royal Borough of
Kensington and Chelsea, Lord Shaun Bailey of Paddington. Ten Twomey, CEO of Generation Rent and
Albinia Stanley, Community Organiser at London Citizens.

Centre For London Icompany no: 08414909, charity no: 1141435)
For the 18 months ended 30 June 2024
Antonia Jennings, Centre for London CEO, chaired the London Anchor Institute Conference, speaking
alongside Deputy Mayor for Business, Howard Dawber. at City Hall to bring together the key
institutions to reflect on their progress on the 5-year-goals, 3-years into the LAIN Network.
Our CEO Antonia Jennings spoke at'opportunity Hounslow. conference. and an Institute for
Government roundtable on "How can the government ensure investment in the infrastructure the
UK needs?"
Our external speaking engagements for 2024 included our Senior Research Officer, Jon Tabbush,
speaking on a panel at the Parliamentary Research Symposium, Westminster Hall.
Jon Tabbush also spoke to a series of councils and council leaders across the capital. sharing the
insight into our research on housing over the past 3 years. alongside speaking at Lambeth Council to
a group which included the Leader of Lambeth Council on a piece Jon wrote, discussing Child Free
Inner London.
Formal politics
Centre for London cited by the GLA in their London Assembly Budget and Performance Committee
'Housing Budget - What progress will be made to tackle London's Housing Crisis?,
Centre for London organised for the following questions to be asked in House of Lords..
l. To ask His Majestvs Government what assessment they have made of the Centre for
London's report'Home5 fit for Londoners- Solving London's Housing Crisis,.
2. To ask His Majesty's Government what assessment they have made ofthe potential benefits
of 10-year rent settlements for social homes to create certainty for social housing providers.
3. To ask His Majesty's Government what assessment they have made ofthe potential benefits
of the creation of an Affordable Housing Commission to set levels of grant for affordable
housing based on expert projections.
Centre for London cited by the London Assembly's Transport Committee letter to the Mayor, where
our former Head of Research Josh Cottell shared our recommendation within the Moving with the
Times of an outer London Strategy.
Media
Centre for London published over 60 press releases, leading to ourwork being featured in the press over
740 times, including the Evening Standard, The Independent. The Financial Times, The Telegroph, City
AM, and the Guordion. and broadcast on BBC Radio. Politics London. Politics Live, ITV and Times Rodio.
In 2024, we've developed a close relationship with the Evening Standard, partnering with them on our
'What London Thinks, work and leading to over 60 high quality pieces of coverage, featuring in The
Telegraph. GB News, The Dolly Express. The l. Politlcs Home and City AM.
We published 30 blogs, which were viewed 62.864 times. The three most popular blog posts published in
2022 were: Understanding Car Ownership (5,641), What isAwL70b'5 Law12,447), and Solving London's
Housing Crisis (1, 744).
There were 391,119 page views on our website and 177.798 users visited our website this year.
Our reports were viewed 40,469 times. Our most viewed publications were Solving London's Housing
Crisis13,8111 and Reducing Street Clutter11.9101.
Our following on X grew by roughly 2,000 followers. from 18.688 at the start ofjanuary 2023, to over
20,500 by June 2024.
Our following on Linkedln once again grew significantly. by roughly 1300 followers. from 5,270 to
roughly 6500.

Centre For London Icompany no: 08414909, charity no: 1141435)
For the 18 months ended 30 June 2024
We had 3,679 newsletter subscribers as of June 2024, with a 49% open rate {significantly higher than the
industry average of 34%).
Beneficiaries of our services
While Centre for London exists to create a fair and prosperous global city for all Londoners, the Centre
considers its direct beneficiaries to be the policymakers and practitioners who rely on our research to inform
their work in London.
When a policy is changed or a recommendation adopted as a result of our research, the Centre's work has
the potential to benefit a much wider group- namely those whose lives, living standards or experiences are
set to benefit from a new policy being implemented.
We calculate that our total beneficiaries in June 2023-June 2024 were:
Almost 700 event attendees
3.679 newsletter subscribers
177,798 viewers of research reports on our website.
People who read about our work in the media: over 740 press mentions included national coverage
from outlets including The Guardian. GB News, LBC. The Telegraph and Times Radio, and regional
coverage from BBC London. City A.M. and the Evening Standard.

Centre For London Icompany no: 08414909, charity no: 1141435)
For the 18 months ended 30 June 2024
The following organisations and individuals supported our work in this period:
ARCO
London Communications Agency
London Councils
London HQ
London Legacy Development Corporation ILLDCI
Love Wimbledon
Mayorfs Fund for London
Mount Anvil
Nine Elms of the South Bank
Be First
Berkeley Group
Buro Happold
Central District Alliance
Central London FO￿ard
City Bridge Trust
City of London Corporation
Cratus Communications
Culture Mile BID
Dolphin Living
EC BID
Old Oak & Park Royal Development Corporation
IOPDCI
Places for London
Peabody
Planning Aid for London
Port of London Authoritv
Primera
Queen Mary University of London IQMULI
SavanaComRes
G15
Greater London Authority
Heart of Business London Alliance
Heathrow Strategic Planning Group
HawkinslBrown
Impact on Urban Health
KPMG
Sir HaNey McGrath
South Bank BID
Steer
Team London Bridge
The Crown Estate
L&Q Housing Group
Legal & General
Lendlease Development Europe Ltd
Lime
The Earls Court Development Company
The London Housing Directors, Group
The Royal Borough of Greenwich
The Social Innovation Partnership
Trust for London
University of East London
University of London
West London Alliance
Westminster City Council
Wilmott Dixon
London Borough of Brent
London Borough of Ealing
London Borough of Hounslow
London Borough of Lambeth
London Borough of Lewisham
London Borough of Newham
London City Airport
In accordance with our policy. we publish the names of any individuals or organisations who support us with
funding over £IOOO. whether in money or in kind.

Centre For London Icompany no: 08414909, charity no: 1141435)
For the 18 months ended 30 June 2024
Financial Review
Centre for London took the decision to extend its financial year as it transitioned through significant change
and financial development. This has been a year of two halves. The first half of this period involved
challenging external factors that impacted on the ability to fundraise, coupled with leadership changes and
targeted financial management attion involving voluntary redundancies to contain expenditure. In contrast.
the remainder of the eighteen months up to June 2024. under new leadership and a strengthened senior
team. saw the organisation stabilised and developin& with a new strategic a plan for growth and a marked
increase in successful fundraising.
First half of the financial
At the sta rt of 2023. the charity existed in a volatile external context, with many funders seeing their own
costs rise following unprecedented levels of inflation. not seen for decades. The aftermath of Covid also
coincided with a period of political uncertainty, culminating in two major elections for London (the Mayoral
and General elections). and as a thought leadership and policy development organisation, many scheduled
projects were postponed until there was further clarity on the political direction of London and the wider UK.
ear
This period also saw a major senior leadership transition within the organisation. CEO Nick Bowes left the
organisation on the 9 June 2023. and between that period and Antonia Jennings starting on the 11
September. the Direttor of Research, Claire Harding. was interim CEO, before her intended departure from
the organisation in November, along with the charl￿5 Director of Operations. Inevitably, the period from
June- December was a challenging period for the organisation. Antonia's immediate priorities coming into
Centre for London were ensuring greater financial stability. developing a new business plan for the
organisation, and working to establish a financial position to justify a coherent senior team being reinstated.
Ahead of new CEO starting, the Board and the interim CEO implemented a round ofvoluntary redundancies
to reduce overheads whilst ensuring essential deliverables were achieved and funded commitments
honoured. The voluntary redundancies resulted in a loss of seven staff member5 and a reduction of
operational costs by 33%.
Second half of the f inancial
ear
The second part of the period saw a rapid stabilisation of the organisation with new leadership, a
strengthened senior team and new income streams. Specifically. this was a period in which extremely tight
monitoring of cash flow took place ensuring CFL could work within its means. During the second half of the
year, we retained remaining staff, delivered against our funding agreements and established a plan to
support financial susta inability, including=
Strategic cost-saving measures
Planning and securing sponsorship for a bigger. housing focused spring conference (which we are
delivering again this yearl, and introducing paid tickets to generate further revenue. as well as
Developing a more robust. risk adjusted pipeline. which provides more accurate insight into our
income projectionsThis included the first ever Housing Summit and successful support from the
newly launched London Network, both bringing significant increases in unrestricted funds.

Centre For London Icompany no: 08414909, charity no: 1141435)
For the 18 months ended 30 June 2024
Current status and future
rowth
By the end of this period, we were in a position to recruit a new Director of Research - and now have a
permanent senior team who are all experienced fundraisers and have continued to focus on building
financial sustainability. We have aqlso made good progress in reducing our liabilities - clearing our rent debt
and setting up a manageable payment plan with HMRC.
We have also developed and launched a new five year strategy. which strengthens our funding proposition
and is supported by-
A funding model which continues to move away from an over reliance on project-based and towards
more strategic, long-term partnerships with funders
Investing resource into improving our network offer and growing its membership, to increase our
unrestrirted income
A more f lexible operational model, which uses more associate support rather than full-time,
permanent staff
Our priority is to continue securing funding and diversifying our income sources and we aim to return our
reserves to a healthy level by the end of the current FY.
Income
In the 18 months ending June 2024. Centre for London received income of £980.877 Iprior year ending 31
December 2022.. £1,198,932), This represents a slight decrease in raised funds during a period of senior
leadership transition and political uncertainty impacting fundraising in the run up to the 2024 Mayoral and
Government elections.
Income was made up of:
Income from Charitable Artivities £626,735 representing 61 per cent of all income (prior year ending
31 December 2022: £914,025, 76 per cent of all income).
Income for Events increased by 10 per cent to £272.393 . representing 45 per cent of Charitable
Activities income lyear ending 31 December 2022.. £323.749, 35 per cent of Charitable Activities)
with the introduction of the annual London Housing Summit conference.
Levels of research sponsorship funding came to £300.324 (year ending December 2022= £590,277) due
to the cumulative effect of the previous CEO departure, the incumbent Research Director was
needing to cover two roles as interim CEO during a critical fundraising period. compounded by a
period of political uncertainty underpinned by the two elections mentioned above. Within the 18
months ending June 2024. there was an increase of unrestricted income of £114,644 lyear ending 31
December 2022: £49,950) from the Supporters Network.
Year on year, the general unrestricted fund was in deficit £449.041 as explained in the above (year ending
December 2022.. £5,893). In the year, the restricted funds were spent in line with project plans. We carried
forward £nil funding into July 2024. {Year ending 31 December 2022: £7,137)
Over the past 9 months the organisation has developed a strong pipeline of funding.

Centre For London Icompany no: 08414909, charity no: 1141435)
For the 18 months ended 30 June 2024
Expenditure
Total expenditure was £1,437,055 for the 18 months ending June 2024, representing a 20 per cent decrease
month on month (year ending 31 December 2022= £1.197,626}. The divide between spending on Charitable
Activities and Cost of Raising Funds compared to the previous accounting period has remained the same
183% charitable activities. 17% raising funds).
Expenditure is categorised as follows:
Expenditure on Charitable Activities amounted to £1,184,087 (year ending December 2022: £989,180),
Costs of Raising Funds increased to £252.968 (year ending 31 funding December 2022.. £208,446),
representing 17 per cent of spending.
Included within expenditure are Support Costs which cover office, finance and administration,
management and governance costs incurred by the charity. Where Support Costs cannot be directly
attributed to the expenditure categories above. they have been apportioned between these
categories on a full cost recovery model. Support and Governance costs represent 23 per cent of
total expenditure. a reflection of the lean operating model at Centre for London.
Whilst staffing costs decreased in line with redundancies, the allocation between Charitable activities,
Raising Funds, and Support and Governance costs remained on par with the prior financial year
ending 31 December 2022;
Principle risks and uncertainties
Securing income and cash flow remained the most significant risk during 2023 and 2024. Cash flow is
monitored against risk by the operations team to ensure the minimum level of cash does not reduce below
one month plus IO% operating costs, however, the uncertain nature of secured funding during the 18
months ending June 2024 meant that Centre for London's creditors increased during this period, with agreed
plans in place with the House of Sport for our rental obligations, and HMRC for our tax liabilities.Since the
year-end, these liabilities have been paid in full.
In December 2023, the staff team started a 6-month trial of a reduced hours working week as a response to
flexible and hybrid working models, and to support staff wellbeing. We are proud to be an employer that
offers flexibility and support to 5UIt our team's lifestyles and ensure a happy and productive workplace. We
are never complacent and are constantly seeking ways to further improve our working
environment. Following a successful trial period where we found that the reduced hours had no adverse
impact on productivity and regular staff surveys indicated the change was broadly positive for staff - the
board and SLG agreed to formally move to a 35 hour working week (instead of 37.5 hours}, with no impact
on pay.
In March 2023, The Chief Executive, Dr Nick Bowes, resigned, Research Director, Claire Harding stepped up as
Interim Chief Executive until the recruitment process appointed Antonia Jennings in September 2023. There
were further change5 iri the staff team. All posts were filled. and necessary change5 were made to ensure
that the organisation could work within its means and deliver the programme of funded activity.
12

Centre For London Icompany no: 08414909, charity no: 1141435)
For the 18 months ended 30 June 2024
New risks identified and monitored in the year included a reduced staff team, initially without an adjusted
strategy to reflect capacity, a more difficult fundraising landscape, exacerbated by three months in which the
charity had no permanent Chief Executive or senior leadership team. which had an impact on staff morale at
the time.
Reserves policy and going concern
The trustees of Centre for London have reviewed the charity's financial position as of 17, March 2025 and
are confident in its ability to continue as a going concern. Oespite a reduction in reserves over the past 18
months, primarily due to reduced funding, redundancies and a transition in the senior management team,
significant progress has been made towards financial stability.
Over the past nine months, the company has developed a robust pipeline of funding, which has been crucial
in stabilizing our operations. This f unding. coupled with strategic cost-saving measures and an increase in
funding streams, positions the company well for future growth.
Given these developments, the directors have a reasonable expectation that the charity's will be able to
meet its obligations as they fall due, pay down their creditors and continue in operational existence for the
foreseeable future. We anticipate that our reserves will return to a healthy state by the end of the current
year, assuming the economic climate remains stable. The directors therefore consider it appropriate to
prepare the financial statements on a going concern basis.
Centre for London's reserves policy states that it will aim to ensure that it has between three- and six-
months, worth of reserves lat least £63,CQOI in case they are needed to cover its operational expenses
temporarily. or to invest in new opportunities. Centre for London's prudent policy over the past 8 years.
coupled with a strategic short-term plan has enabled them to see through a period of uncertainty
experienced earlier in the year.
At the end of June 2024. the chariws total funds had reduced to £1224,065} {year ending December 2022..
£232,113), of which all were unrestricted reserves (year ending 31 December 2022.. £224,976). There were
£1,753 in designated funds (year ending 31 December 2022= £3.2161. This represents the net book value of
fixed assets.
The trustees feel confident that the organisation is a going concern due to the success in fundraising since
early 2024 (from former funders and new organisationsl, that there is £205,925 pledged income at the end
of March 2025, lyear ending 31 December 2022: £302.4321 and the planned fundraising activities. By
managing income and expenditure challenges effectively over the course of the 18 months reported in these
accounts, coupled with the support of our creditors. the trustees are confident in a financial surplus in the
current financial year{to June 20251, and to Start to build up the level of reserves.
At the date of signing the accounts- the total reserves stood at £{180.6091. with £330.479 of secured income
for the 12 months ahead. and risk adjusted pipeline income of £451,146.
The financial results for the 18 months to 30June 2024 are shown on pages 20 to 39.

Centre For London Icompany no: 08414909, charity no: 1141435)
For the 18 months ended 30 June 2024
Related party transactions
There are no donations from related parties which are outside the normal course of business and no
restricted donations from related parties. Details of all related party transactions can be found in note 9 of
the accounts.
Fundraising
Centre for London's development team leads and coordinated fundraising,. all staff participate in fundraising
activities. Any expenditure required to generate income is clearly identified.
All fundraising practices are framed within the values and principles of the organisation. We place great
value on protecting our independence and are committed to being transparent about our funding-
publishing the name of any individual or organi5ation who supports us with funding over £lOOO.
The terms of our relationship with funders are clearly set out at the start of every project and made explicit
using funding agreements which make explicit the fart that we retain editorial control of our research
publications. We will not accept funding from organisations whose record or conduct could compromise our
reputation. We have a clear due diligence procedure with responsibilities explicitly outlined.
We do not run telephone or door to door fundraising campaigns. We have ensured we are in line with the
GDPR data protertion regulations and all other relevant codes of conduct. We do not pressure supporters to
make gifts and respect decisions to stop giving. We received no complaints about our fundraising practices in
202312024.
Plans for the future
Centre for London has developed plans for the future which learn from and answer current and past
challenges. Our new Chief Executive has set out to remedy these challenges. Antonia has led on developing a
new strategy and business model, which is already putting us on a fimier financial footing. Our new strate
available on our website. moves us away from solely project based funding and onto a model which allows
for long-term, strategic and comprehensive partnership options. Our new strategy's vision takes us to
London 2030. and positions our work as supporting an ascendant global city-
This vision will guide our work from 2025-2030. ensuring we focus on what matters most for London and
Londoners and can work together to build..
A prosperous and thriving city. with more Londoners achieving a decent standard of living and
participating fully in city life.
A capital in service to the UK and a competitive global city. with exemplar public services and world-
class governance.
A global leader in urban decarbonisation, fast approaching net positive on carbon and nature.
Operationally, our new strategy also moves us to an operating model which uses more Associate support
over full time permanent staff members. This will allow us to draw on capacity as and when funded work
requires it. Further, the multi-year strategy allows for a higher degree of philanthropic trust and foundation
support, which staff have already begun successfully pursuing. the most recent success being a £IOOk grant
from Trust for London. secured in December 2024. Additionally. the seniorteam have adjusted our back
14

Centre For London Icompany no: 08414909, charity no: 1141435)
For the 18 months ended 30 June 2024
office functions to better work for a smaller staff team. Our fundraising efforts are translating into a pipeline
which continues to expand with larger and more sophisticated asks for support.
We have also invested in and relaunched our Supporters Network now as The London Network. This
followed market research which suggested we had underutilised the fundraising potential of the network,
and we continue to bring in new members to the reformed network apace. A larger proportion of income
from the network will result in a higher degree of stable core funding.
As a board, we have recently reviewed our current skills and conducted a board audit. The results of this will
inform additional trustee recruitment which we will be conducting this year. and which will aim to bring in
more small charity funding and governance experience.
We are confident these measures taken together are ensuring a more stable and prosperou5 future for the
charity.
Structure, governance and management
Centre for London is a company limited by guarantee (registered 22 February 20131. registered in England
and Wales, and a registered charity {27 March 2013). The company was established under a memorandum
and articles of associate ion which established the objects and powers of the charitable company and is
governed under its articles of associates. 2024 was its 10th year of operations as an independent
organisation.
Centre for London is governed by as Board of Trustees, with a minimum membership of three. At the end of
June 2024, there were 10 trustees. Two of the trustees are also Board Members of Centre for London
Trading Limited (Company number: 085651441. the charity's 100 per centre owned trading subsidiary.
through which it carries out non-primary purpose trading activities. The training subsidiary is currently
dormant.
In the 18 months ending 30 June 2024, the Board met 5 times. The Finance Committee la sub-committee of
the Boardl met six times. In addition. trustees provided significant ongoing support to the organisation
throughout the year.
The full membership of the Trustee Board, who are also directors under the terms of the Companies Act, is
set out above. The members of the Trustee Board have no beneficial interest in the charity. Any expenses
reclaimed from the charity are set out in note 7 to the accounts.
The Trustees Board delegates responsibly for the day-to-day activrties of the organisation to the Key
Management Personnel who produce monthly reports on the activities undertaken in managing the charity
including management accounts that explain the financial position of the charity.
Remuneration policy for key management personnel
Pay and remuneration of the chariws key management personnel is set in accordance with Centre for
London's pay principles reflecting:
The overall financial position of the charity-

Centre For London Icompany no: 08414909, charity no: 1141435)
For the 18 months ended 30 June 2024
Considerations of internal equity, i.e., that the pay of those carrying out a similar role will remain
broadly equivalent,. that difference between those at the bottom of the pay scale and those at the
top should not be excessive,. and also. our commitments as a London Living Wage Employer,.
Increases in the cost of living;
Comparisons with the external job marketto ensure Centre of London remains competitive and
supports the retention of team members:
The relative levels of responsibility and contribution of individuals across the organisation.
The Chief Executive's pay is agreed by the Board on the recommendation of the Chair. The remaining
Key Management personnel's pay is agreed by the Board on the recommendation of the Chief
Executive.
Public Benefit
The trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have
due regard to the public benefit guidance, published by the Commission, in determining the activities
undertaken by the charity. The trustees are satlsfied that the aims and objectives of the charity, and the
artivities reported on above to achieve the aims. meet these principles.

Centre For London Icompany no: 08414909, charity no: 1141435)
For the 18 months ended 30 June 2024
Statement of responsibilities of the trustees
The trustees (who are also director5 of Centre for London for the purposes of company lawl are responsible
for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and
United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
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 charitable company and of the incoming resources and application
of resources, including the income and expenditure, of the charitable company for that period. In preparing
these financial statements, the trustees are required to:
Select suitable accounting policies and then apply them consistently;
Observe the methods and principles in the Charities 50RP-
Make judgements and estimates that are reasonable and prudent;
State whether applicable UK Accounting Standards and statements of recommended practice have
been followed, subject to any material departures disclosed and explained in the financial
statements-
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that
the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy
at any time the financial position of the charitable company and enable them to ensure that the financial
statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of
the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and
other irregularities.
Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in
th
the event of winding up. The total number of such guarantees at 30 June 2024 was ten12022: elevenl. The
trustees are members of the charity, but this entitle5 them only to voting rights. The trustees have no
beneficial interest in the charity.
The trustees. annual report has been prepared in accordance with the provisions applicable to companies
subject to the small companies, regime.
The trustees would like to thank all those who have supported the Centre since its establishment and during
2023 and 2024.
The trustees, annual report has been approved by the trustees on the 17th March 2025 and signed on their
behalf by
Fiona Carswell
Chair of the Board of Trustees
17

Centre For London Icompany no: 08414909, charity no: 1141435)
For the 18 months ended 30 June 2024
Independent Examinerfs report to the members of Centre for London
Opinion
I report to the trustees on my examination of the accounts of Centre for London for the 18 month
period ended 30June 2024.
This report is made solely to the trustees as a body. in accordance with the Charities Act 2011 ('the
2011 Act,). My examination has been undertaken so that I might state to the trustees those matters
l am required to state to them in an independent examiner's report and for no other purpose. To
the fullest extent permitted by law. I do not accept or assume responsibility to anyone other than
the charity and the trustees as a body, for my examination, for this report, or for the opinions I have
formed.
Responsibilities and basis of report
As the charity trustees of the company, you are responsible for the preparation of the accounts in
accordance with the requirements of the Companies Act 2006 ('the 2006 Act.).
Having satisfied myself that the accounts of the company are not required to be audited under Part
16 of the 2006 Act and are eligible for independent examination, I report in respect of my
examination of the company's accounts carried out under section 145 of the 2011 Act and in
carrying out my exami nation I have followed all the applicable Directions given by the Charity
Commission under section 1451511b) of the 2011 Act.
Independent examinerfs statement
Since the Company's gross income exceeded £250.000. your examiner must be a member of a
body listed in section 14 5 of the 201 l Act. I confirm that l am qualified to undertake the
examination because l am a member of The Institute of Chartered Accountants in England and
Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in
connection with the exami nation giving me cause to believe that in any material respect..
Accounting records were not kept in respect of the Company as required by section 386 of the
2006 Act., or
The accounts do not accord with those records.. or
The accounts do not comply with the accounting requirements of Section 396 of the 2006 Act
other than any requirement that the accounts give a 'true and fair view which is not a matter
considered as part of an independent examination., or
The accounts have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charities.
I have no concerns and have come across no other matters in connection with the examination to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.

Centre For London {company no: 08414909, charity no: 11414351
For the 18 months ended 30 June 2024
Signed..
Name.. Joanna Pittman
Address= Sayer Vincent LLP. I l O Golden Lane. London. ECI Y OTG
Date.. 27 March 2025
19

Centre For London Icompany no: 08414909, charity no: 1141435)
For the 18 months ended 30 June 2024
Statement of Financial Artivities (incorporating the Income & Expenditure Account)
Unrestrirted
Restrirted
18 months
Unrestritted
Restricted
Total
Funds
Funds
tojune
Funds
Funds
December
2024
2024
2024
2022
2022
2022
Note
Income
Donations
266,962
26.588
570,835
266.962
26.588
626.735
165.827
68,126
700,218
165,827
68,126
914.025
Donations in kind
Charitable
44.9LKJ
213,807
activities
Other income
4b
71.592
71.592
50,954
50,954
Total income
935,977
44,900
980￿77
985,125
213,807
1,198,932
Expenditure
Expenditure on..
Raising funds
Charitable
252.968
1,132,050
252,968
1.184.087
208,446
770,786
208,446
989,180
52.037
218,394
activities
Total expenditure
1,385,018
52,037
IA37,055
979,232
218,394
1,197,626
Net lexpenditurell
income
1449.041)
{7.137)
(456.1781
5,893
14,5871
1,306
Fund balances
224,976
7,137
232,113
219,083
11,724
230,807
brought forward
Fund balances
1224.065)
(224.0651
224.976
7.137
232,113
carried forward
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 17 of the financial statements.
20

Centre For London Icompany no: 08414909, charity no: 1141435)
For the 18 months ended 30 June 2024
Balance Sheet
2024
2022
FIXED ASSErs
Investment in subsidiary
Tangible Assets
12
li
1,753
3,216
CURRENT ASSETS
Debtors
56,102
50,909
137,610
235,986
Cash in Bank and in hand
Total current assets
107,011
373,596
CREDITORS: falling due within one year
14
1332.8301
1144,7001
NET CURRENT ASSETS
1225.8191
228,896
NET ASSETS
1224,065)
232,113
FUNDS:
Restrirted Funds
16
7,137
Unrestricted Funds
Designated funds
General funds
1.753
1225.8181
3,216
221,760
1224,065)
232,113
The opinion of the directors is that the company is entitled to the exemptions conferred by Section 477 of
the Companies Act 2006 relating to small companies.
The directors acknowledge the following responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in
question in accordance with section 476
The directors acknowledge their responsibilities for complying with the requirements of the Act with
respect to accounting records and the preparation of accounts
21

The financial statements were approved and authorised for issue by the Board of Trustees on 17th March 2025, 

And signed on its behalf by: 

Fiona Carswell Chair, Board of Trustees 

Annelie Drabu Chair, Finance Committee 



Centre For London Icompany no: 08414909, charity no: 1141435)
For the 18 months ended 30 June 2024
Statement of cash flows
2024
2022
Cash flows from operating activities
IDeficitl/Surplus for the financial year
1456,1781
1.306
Adjustment for..
Charge for depreciation
Ilncreasel / decrease in debtors
Increase / Idecreasel in creditors
2,713
81,508
188,129
5.551
3,825
68.238
Net cash generated from operating artwities
{183.8281
78,920
Cash flows from Investlng artiwtles
Payments to acquire tangible fixed a55ets
11.2491
12,7601
Net cash from investlng actlwties
11.249)
12,7601
Net Idecreasel / intrease in cash and cash equivalents
1185.0771
76,160
Cash and cash equivalents at the beginning of the year
235.986
159.825
Cash and cash equivalents at the end of the year
50.909
235.986
23

Centre For London Icompany no: 08414909, charity no: 1141435)
For the 18 months ended 30 June 2024
Notes to the Financial Statements
l. Accounting policies
A summary of the principal accounting policies all of which have been applied consistently throughout the
year, are set out below..
a) Statutory information
Centre for London is a charitable company limited by guarantee and is incorporated in England. The
registered off ice address is House of Sport, 190 Great Dover St, London SEI 4YB.
b) Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by
Charities- Statement of Recommended Practice applicable to charities preparing their f inancial
statements in accordance with the Financial Reporting Standard applicable in the UK and Republic
of Ireland IFRS 1021- (Charities SORP FRS 102). The Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021 (March 2018} and the Companies Act 2006. Centre for London has a trading
subsidiary, Centre for London Trading Limited. The subsidiary was dormant in the year so was not
consolidated in the accounts.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in
the relevant accounting policy or note.
In applying the financial reporting framework, the trustees have made a number of subjective judgements,
for example in respect of significant accounting estimates. Estimates and judgements are continually
evaluated and are based on historical experience and other factors, including expectations of future event5
that are believed to be reasonable under the circumstances. The nature of the estimation means the actual
outcomes could differ from those estimates. Any significant estimates and judgements affecting these
financial statements are detailed within the relevant accounting policy below.
c) Public benefit entity
The charity meets the definition of a public benefit entity under FRS 102.
d) Going concern
The trustees consider that after their work on planning for the future of the organisation, there are no
material uncertainties about the charity's ability to continue as a going concern.
The trustees are confident about the charity's ability to continue as a going concern while taking the into
account the current economic climate and changes in Leadership. This takes account of the performance of
the Charity during the pandemic. when the Charity faced similar challenges and overcame them.
24

Centre For London Icompany no: 08414909, charity no: 1141435)
For the 18 months ended 30 June 2024
Notes to the Financial Statements
The charity generated income of £980.877 for 2024 which was 82% of the annual target. In addition,
£114,644 was secured for 2024-2025.
The pipeline of future income remains robust and conversations are strong with repeating and new potential
donors. We continue to tightly control expenditure and regularly review financial indicators and have
developed contingency plans for reducing costs if the financial position becomes more challenging.
At the reporting date. the trustees do not consider that there are any source5 of uncertainty for the future of
the charity that would result in needing to change the value of the assets that are held.
e) Income
Income is recognised when the charity has entitlement to the funds, any performance conditions
attached to the income have been met, it is probable that the income will be received and that the
amount can be measured reliably. Income from government and othergrants. 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.
Gift Aid claimable in relation to qualifying donations received is recognised at the time of the donation.
Donations in kind represent professional services or facilities which are recognised in income on the basis of
the value of the gift to the charity. Typically, this is the amount the charity would be willing to pay in the
open market for such equivalent seNices or facilities.
Supporters Network income is recognised when the charity has delivered the service. Income received in
advance of the provision of a specified seNice is deferred until the criteria for income recognition are met.
n Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably bv
the charity; this is normally upon notification of the interest paid or payable by the bank.
gl Fund accounting
Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets
these criteria is charged to the fund.
Unrestricted fund5 are donations and other incoming resources received or generated for the charitable
purposes. Designated funds are unrestricted funds earmarked by the trustees for particular purposes.
25

Centre For London Icompany no: 08414909, charity no: 1141435)
For the 18 months ended 30 June 2024
Notes to the Financial Statements
h) Expenditure and irrecoverable VAT
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party,
it is probable that settlement will be required. and the amount of the obligation can be measured reliably.
Expenditure is classified under the following artivity headings:
Costs of raising funds relate to the costs incurred by the charity in inducing third parties to make
voluntary contributions to it. as well as the cost of any activities with a fundraising purpose
Expenditure on charitable activities includes the costs of producing reports, events and publications
undertaken to further the purposes of the charity and their associated support costs
Other expenditure represents those items not falling into any other heading
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
i) Allocation of support costs
Resources expended are allocated to the particular activity where the cost relates directly to that activity.
However, the cost of overall direction and administration of each activity, comprising the salary and
overhead costs of the central function, is apportioned on the following basis which are an estimate, based on
staff time. of the amount attributable to each activity.
Raising funds
Charitable activities
Governance and Support costs
13%
23%
Support and governance costs are re-allocated to each of the activities on the following basis, which is an
estimate based on staff time. of the amount attributable to each activity.
Raising funds
Charitable activities
19%
81%
Governance costs are the costs associated with the governance arrangements ofthe charity. These costs are
associated with constitutional and statutory requirements and include any costs
associated with the strategic management of the charity's activities.
j) Operating leases
Rental charges are charged on a straight-line basi5 over the term of the lease.
26

Centre For London Icompany no: 08414909, charity no: 1141435)
For the 18 months ended 30 June 2024
Notes to the Financial Statements
kl Tangible fixed assets
Items of equipment are capitalised where the purchase price exceeds £1,000. Depreciation cost5 are
allocated to activities on the basis of the use of the related assets in those activities. 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:
Leasehold improvements
Computers and telephone
Fixtures, fittings and equipment
over 5 years
over 3 years
over 5 years
l) Investments in subsidiaries
Investments in subsidiaries are at cost.
ml 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.
n) 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.
o) Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past
event that will probably result in the transfer of funds to a third party and the amount due to settle the
obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their
settlement amount after allowing for any trade discounts due.
pl 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 measured at
mortised cost using the effective interest method.
q) Pensions
The Charity is a member of an auto enrolment workplace Group Personal Pension scheme. The scheme is 3
multi-employer defined contribution plan for certain employees who meet certain criteria as prescribed by
the Pensions Act 2008. The costs of the plan charged in a statement of
financial activities represents the contributions payable during the year.
27

Centre For London (company no: 08414909, charity no: 1141435)
For the 18 months ended 30 June 2024
Notes to the Financial Statements
2. Income from donations and legacies
Unrestricted
Restrirted
Total
Unrestricted
Restricted
Total
Funds
Funds
Funds
Funds
Funds
Funds
2024
2024
2024
2022
2022
2022
Be First ILB of Barking & Dagenharnl
Central London Fon￿ard
4(Kl
1,600
1,600
2.167
2.167
City Bridge Trust
City of London Corporation
City of Westminster
Cratus Communications Ltd
75,IMXJ
75,CKK)
1.833
1.833
8,333
8,333
David Chipperfield Architects Ltd
Dolphin Square Foundation
1.2LK)
1.2LLI
4.800
4,800
2.292
2,292
G15
17.(XK)
17.0(X)
8.(X)O
8.(X)O
Greater London Authority
KPMG
5.3(
15.(
1s,orKJ
IS.￿0
15,CKJO
London & Quadrant Housing Trust
Land Securities Group plc
Lendlea5e Development Europe Ltd
London Borough of Hounslow
London Borough of Lambeth
London Borough of Lewisham
London Borough of Newham
London Communications Agency
London HQ
20.LKK)
20.LMX)
15,IXIO
15.tK)o
15,(K)O
15,000
15.fK)O
15.0Th)
15.IXJO
15.000
81KJ
8(KJ
3,200
3,200
1,833
2.21Yd
1,833
2.208
2,875
2,875
1.2LK)
1.2LKI
4.800
2.250
2.250
9,(X)O
Port of London Agency
Sir Harvey McGrath
Sir Trevor Chinn
3.200
3.200
30.Q
30.0
30.LKIO
30,000
8.CKJO
8,CM)O
South Bank 81D
5.217
5.217
3.200
3.200
The Earls Court Development Co.
The Royal Borough of Greenwich
The Social Innovation Partnership
Team London Bridge
Transport for London
Trust for London
2,5Th)
2,51XJ
io,ioo
10,000
1,875
1,875
3.0
12.LLIO
12.000
20,IMXJ
20,(KKI
University of London
Willmott Dixon
5.556
5.556
5.625
5.625
5.(LlO
5,(KlO
GiftAid
323
323
2.427
2.427
Sundry donatitrns under £l.O
5.125
5.125
600
600
266.712
266.712
165,827
165,827
28

Centre For London (company no: 08414909, charity no: 1141435)
For the 18 months ended 30 June 2024
Notes to the Financial Statements
3. Income from donated services and facilities
Total
Total
Funds
Funds
2024
2022
Event AV
13,643
Event Venue & Catering
Research Consultant
26.588
25,167
25,000
4,316
Consulting & Administration Support
26.588
68,126
Donations in kind are treated as unrestricted funds.
29

Centre For London (company no: 08414909, charity no: 1141435)
For the 18 months ended 30 June 2024
Notes to the Financial Statements
4a. Income from charitable activities
Unrestricted
Restricted
Totsl
Unrestrirted
Restricted
Total
Funds
Fund5
Funds
Funds
Funds
Funds
2024
2024
2024
2022
2022
2022
Research & Event Sponsorship
Be First ILB of Barking & Dagenhaml
City Bridge Trust
City of London Corporation
G15
345,568
10,0
355,568
260,014
30.000
io,IM)o
270,014
30,000
55,0(K)
55,(X)O
66.500
66.500
15.(
15.(KKI
25.(X)O
25,000
Greater London ALrthority
Impact on Urban Health
London Borough of Brent
London Borough of Newham
London Borough of Waltham Forest
London Borough of Tower Hamlets
London Borough of Hounslow
London Councils
34.300
35.r
3s,ofJO
15.(XNJ
59.167
74.167
5,000
45.(XM)
45.000
15.(KKJ
15,(x)O
24.(KlO
24.(
3,200
3,200
42,500
42,51XJ
45,(KX)
45,(X)O
London Travelwatch
12.0
12.000
National Zakat Foundation
10,000
10.000
Peabody
Planning Aid for london
Port of London Authority
Queen Elizabeth Olyrnpic Park
Queen Mary University of London
ReLondon
15.(X)O
15.000
1.500
1.500
12.750
12.750
10.0
10.000
18,9CK
18,9(M)
South Westminster BIDS
7.500
7.5(X)
Team London Bridge
The Friends Provident Charitsble
19,217
19,217
39.640
39.640
Foundation
The London Property Alliance
The Royal Borough of Kensington and
Chelsea
22.569
22.569
25.135
25,135
Transport for Londtsn
Trust for London
10.000
io.L
50.LXJJ
50.000
16,CD)
16,C
University of London
12.5(M)
12.500
570,835
44.90D
626,735
7CM),218
213.807
914,025
30

Centre For London Icompany no: 08414909, charity no: 1141435)
For the 18 months ended 30 June 2024
Notes to the Financial Statements
The table above details income from local and central government, and grant funding organisations. The
figure for sponsorship income is an aggregate that includes income from private and third sector
organisations. There are no unfulfilled conditions or other contingencies attached to amounts recognised
from government grant income. The total amount of income from government in the 18 months to 30 June
2024 was £178,80012022.' £314,635).
4b. Other income
2024
2022
Consultancy
Kickstart grant
Other income
70,047
42,700
7,792
462
1.545
71.592
50,954
5. Analysis of expenditure (current and prior year)
Current Year
Staff Costs
Other costs
Apportioned
Support &
Total
Governance
costs
2024
2024
2024
2024
Raising funds
Charitable activities
189.324
6.038
57,606
252,968
832.474
98.318
253,297
1.184,087
Support & governance
166,301
144,602
1310,9031
Total
1,188.099
248,958
1,437,055
Support & governance costs
Support
2024
Governance
Total
2024
2024
St3ff Costs
135.622
30,679
166,301
Comrnunications costs
27.043
27.043
Office & administration costs
24,768
24,768
Premises c05t5
62.083
62,083
Audit and Accountancy
Other professional legal & finance
Trustee Expenses
Depreciation
11.656
8,830
20,486
7,340
7,340
170
170
2.713
2,713
TOTAL
271.224
39,679
310,903
31

Centre For London Icompany no: 08414909, charity no: 1141435)
For the 18 months ended 30 June 2024
Notes to the Financial Statements
5. Analysis of expenditure (current and prior year)
Prior Year
Apportioned
Support &
Governance
Staff Costs
Other costs
costs
Total
2022
2022
2022
2022
Raisin8 funds
Charitable activities
145.021
13.183
50.242
208,446
637.669
130,595
220,916
1271.1581
989,180
Support & governance
127.386
143.772
TOTAL
910.076
287,550
1.197,626
Support & governance costs
Support
2022
Governance
Total
2022
2022
Staff costs
103.886
23.500
127.386
Communications costs
17,896
17,896
Office & adrninistration costs
35.496
35,496
Premises costs
65.279
65,279
Audit and Accountancy
Other professional legal & finance
Trustee Expenses
6.528
8,8CM]
IS.328
2.919
2,919
1,303
1,303
Depreciation
5.551
5,551
TOTAL
237.555
33,602
271,158
6. Net income/expenditure for the year
2024
2022
Net income/lexpenditurel 15 Stated after chargingllcreditingl=
Depreciation
Auditors, renLJmeration- Audit services exclusive of VAT
2.713
5.551
8.8CKJ
Independent Examinerf5 reffluneration- service5 inclusive of VAT
Operating lease rentals
8,830
62,083
63,607
32

Centre For London Icompany no: 08414909, charity no: 1141435)
For the 18 months ended 30 June 2024
Notes to the Financial Statements
7. Analysis of staff costs, trustee remuneration and expenses, and the costs of key
management personnel
2024
2022
Wages and salaries
Social security costs
1.032.502
786,674
92.991
49.320
79,605
31.806
Pension costs
Other staff costs
13.286
11,991
TOTAL
1,188.099
910.076
Other staff costs include staff training and welfare expense.
The total employee benefits (including pension contributions and employerfs national insurance) of the key
management personnel were £141,36612022- £151.6281.
Key management personnel are the trustees (unpaid), the Chief Executive and the Operations Director.
The following number of employees received employee benefits {excluding employer pension costs and
employerfs national insurance) during the year between=
2024
2022
No.
No.
£90,000-£99,000
The charity trustees were neither paid nor received any other benefits from employment with the charity in
the year12022: £nill. No charity trustee received payment for professional or other services supplied to the
charity12022.' £nill. Trustees, expenses represent the payment or reimbursement of travel and sub5iStence
costs and board administration totalling £17012022= £nil.I
8. Staff numbers
The average number of employees (head count based on number of staff employed} during the year was 17
12022.. 221. Staff are split across the activities of the charity as follows:
2024
2022
No.
No.
Raising funds
Charitable activities
12
16
Management, support and governance
33

Centre For London Icompany no: 08414909, charity no: 1141435)
For the 18 months ended 30 June 2024
Notes to the Financial Statements
9. Related parties and relationships with other organisations
Seven trustees identified themselves as having relationships with other organisations, being in positions of
responsibility within sponsoring organisations. None of our Trustees receive remuneration or other benef it
from their work with the charity.
During the year £17,250 lexcluding VATI of unrestricted donations were received from organisations
connected to trustees or key management personnel12022= £167,841). One trustee 15 a staff member of the
GLA. Within the year there were £39.600 unrestricted donations from GLA.
One trustee contributed personal donations in 2024 totalling £900 {2022: £600).
10. Taxation
The charity is exempt from corporation tax as all its income is charitable and is applied for charitable
purposes.
11. Tangible fixed assets
Computer
Equipment
Total
Cost
Blf
Additionslldisposalsl
As 30 June 2024
23.037
1,249
23,037
1,249
24,286
24,286
Depreciation
At ljanuary 2023
Charge
Elimination on disposal
At 30 June 2024
19,822
2,713
19,822
2.713
22,535
22,535
Net book value
At 30 June 2024
1,753
1,753
At 31 December 2022
3,216
3,216
All of the above assets are used for charitable purposes.
34

Centre For London Icompany no: 08414909, charity no: 1141435)
For the 18 months ended 30 June 2024
Notes to the Financial Statements
12. Investment in subsidiary
Centre for London owns the whole of the issued ordinary share capital of Centre for London
Trading Ltd, a company registered in England Icompany number: 085651441. The subsidiary is used for non-
primary purpose trading activities. The subsidiary is currently dormant therefore
consolidated accounts are not required.
13. Debtors
2024
2022
Trade debtors
48,542
123,487
6,563
Prepayments and accrued income
Due within one year
48,542
130.050
Other debtors
7,560
7,560
Due more than one year
7.560
7,560
TOTAL DEBTORS
56.102
137,610
Other debtors represent the amounts recoverable in more than a year.
14.a Creditors
2024
2022
Trade creditors
80,917
8,800
114.644
128,469
7,706
16,953
49,950
70,091
Accruals
Deferred income
14a
Social security and other taxes
Due within one year
332,830
144,7(X)
Deferred income refers to the Supporters Network 2024.
14.b Deferred income
2024
2022
Balance brought forward
Amount released to incoming resources
Amount deferred in the year
Balance carried forward
49,950
149,9501
114,644
49,950
114.644
49,950
35

Centre For London Icompany no: 08414909, charity no: 1141435)
For the 18 months ended 30 June 2024
Notes to the Financial Statements
15. Analysis of net assets between funds {current and prior year)
Fund balances at 30 June 2024 are represented by=
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
Funds
Funds
Funds
Funds
Funds
Funds
2024
2024
30 Jun
2022
2022
31 Dec
2024
2022
Fixed Assets
1,754
107.011
1332.8301
1,754
107.011
1322.8301
3,217
366,459
1144,7001
3,217
373,596
1144,7001
Current Assets
7,137
Current Liabilities
1224.0651
1224,0651
224.976
7.137
232,113
16. Movement in funds (current and prior year)
Statement of Funds
Balance I
Income
Expenditure
Transfer
Balance 30
Current Year
Jan 2023
June 2024
Restricted funds
Home fit for Londoners
lo,￿0
18,900
16.000
10,000
18,900
16,000
7,137
Londoners Wellbeing
Trust for London
New Neighbourhoods
Total restrirted funds
7,137
7,137
44,900
52,037
Unrestrirted funds
Designated funds
Fixed Asset Fund
3.216
221,760
11.4631
1,463
1.753
227,281
General fund
935.977
1,385,018
Total unrestricted funds
224.976
935.977
1.385.018
1224.065)
Total funds
232.113
980.877
1.437.055
1224.0651
The Board has designated funds totalling £1.75312022= £3.216) to be carried forward at 30th June 2024. This
represents the net book value of fixed assets.
36

Centre For London Icompany no: 08414909, charity no: 1141435)
For the 18 months ended 30 June 2024
Notes to the Financial Statements
The Fixed Asset Fund represents the net book value of fixed assets held in the unrestricted reserves. This is
done to reflect the fact that these funds are not in liquid form and so are note expendable funds.
Depreciation of these assets Is initially recognised through expenditure in general funds and is then
transferred to the Fixed Asset Fund.
16. Movement in funds cont. (current and prior year)
Statement of Funds
Balance I
Income
Expenditure
Transfer
Balance
Prior Year
Jan 2022
31 Dec
22
Restrirted funds
Illuminated City
Impact Investing
Lotal Authority Assets
Levelling up
New Neighbourhoods
The Active Last Mile
iio
iio
iO,LK)O
20.LK)O
39,640
70,mO
iO.(K)O
59.167
30,LK)O
39.640
70,(X)O
2.863
59,167
1,614
15,000
7,137
The Future of LTNS
1,614
The London Conference
15,(M)O
2022
Total restricted funds
11.724
213.807
218.394
7.137
Unrestrirted funds
Designated funds
Fixed Asset Fund
6,CKJ7
213,076
12,7911
2,791
3,216
221,760
General fund
985,125
979,232
Total unrestricted funds
219.083
985.125
979.323
224,976
Total funds
230.807
1.198.932
1.197.166
232.113
The funds of the charity include restricted funds compromising the balances of donation5 and grants, as set
out below, held by trustees to be applied for the following purposes..
37

Centre For London Icompany no: 08414909, charity no: 1141435)
For the 18 months ended 30 June 2024
Notes to the Financial Statements
For year ending 30 June 2024:
Londoners Wellbeing (Grant funded by Queen Mary University of London)
Using data from Understanding Society, a survey which asks people questions about their lives and tracks
their responses over multiple years, this report identified the factors which have the biggest influence on
Londoners, wellbeing, and the policy interventions which can boost wellbeing for all Londoners.
Home fit for Londoners (funded by Legal & General. G15. London Housing Directors Group and London
Legacy Development Corporation)
This research programme explored ways to create a sustainable system that delivers housing which feels like
home to all Londoner5. The first report, 'London'5 Homes Todarf, examined the current state of London's
housing market and reviewed the policy solutions proposed to improve it. The second report, 'Solving
London's housing crisis.. proposed solutions to resolve the capital's housing crisis.
Impact Investing (Harnessing impact investment for London) The world's big problems- climate change,
lack of healthcare and education, poverty- are solvable, but they are mind-blowingly expensive to solve. This
project brought together local authorities, investors. philanthropists and local communities to make social
investment work for London and Londoners.
Levelling up in London This project explored London's unique levelling up challenges and how the Levelling
up agenda looks outwards. highlighting why the capital is so important forthe countrvs economy and
culture.
Local Authority Assets (Making the most of Local Authority assets) Local authorities in London are
responsible for managing valuable resources. This projected showed how they could use their money and
property to deliver social value to their residents.
New Neighbourhoods (Lessons from the future: what is life really like in a sustainable
neighbourhoodl This project brought together builders, planners, sustainability experts, engineers, local
authority leaders, place makers and policymakers to explore what we can learn from people's experience of
living in London's newest neighbourhood?
The Active Last Mile= how can we boost out-of-home deliveries? Switching to'click &Collect' options can
reduce the environmental impact of online shopping and improve air quality. This project explored how to
help enable people to walk or cycle to pick up their packages and how this would help London.
The Future of Low Traffic Neighbourhoods (Street Shift) Local streets are complex places. This project
learned from the rollout of LTS, and why they've been controversial. to help councils
develop new ways of reducing car dominance on local streets while bringing residents along with them.
The London Conference 2022 The London Conference is a cornerstone of the London public policy and
political calendar, bringing together the brightest minds from government. the private sector. and the third
sector each year to discuss the most pressing issues facing the city.
38

Centre For London Icompany no: 08414909, charity no: 1141435)
For the 18 months ended 30 June 2024
Notes to the Financial Statement
17. Operating lease commitments payable as a lessee
The charity's total future minimum lease payments under non-cancellable operating leases is as follows for
each of the following periods-
Operating lease which expires..
2024
2022
Within l year
2-5 years
27,216
9,450
27.216
9,450
18. Legal status of the charity
The charity is a company limited by guarantee and has no share capital. The liability of each member in the
event of winding up is limited to £1.
39

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