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2021-03-31-accounts

Camden Giving 2020/21

Annual Report

C H ARITY N . 1174463

C ON N E C TIN G C AMDE N TO OVE RC OME L OC AL IN E QUAL ITY

C H ARITY N O. 1174463

Contents

Contents
Reference and administrative information 1
Trustees’ annual report 2-26
Independent auditor's report 27-30
Statement of financial activities 31
Balance sheet 32
Statement of cash flows 33
Notes to the financial statements 34-48

RE FE RE N C E AN D ADMIN ISTRATIVE IN FORMATION

Trustees: Simon Pitkeathley – Chairperson
Sue Wilby
Dominic Pinkney
Allan Sutherland - Treasurer
Tom Holliss
Jannah Maliha Mujib
Graham Dyer
Mahfuz Sadique (resigned 13 November 2021)
Claire McBride (resigned 31 August 2020)
Zoe Seager (resigned 27 March 2021)
Rose Alexander (appointed on 24 November 2020)
Hafsa Mohammed (appointed on 24 November 2020)
Nathan Dyke (appointed on 24 November 2020)
Key Management:
Director Natasha Friend
Charity number: 1174463
Registered office: Collective, 5-7 Buck Street,
Camden Town, London
NW5 2NJ
Auditor: PEM
Salisbury House
Station Road
Cambridge
CB1 2LA
Bankers: CAF Bank
25 Kings Hill Avenue
Kings Hill
ME19 4JQ

1

TRUSTE E S AN N UAL RE PORT FOR TH E YE AR E N DE D 31 MARC H 2021

The trustees present their report and financial statements for the year ended 31 March 2021. The trustees confirm that 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: SORP applicable to charities preparing their accounts in accordance with FRS 102.

Objectives and activities

Purposes and aims

Camden Giving connects Camden to end local inequality. Based on a notion that everyone has something to give; be that time skills or money, we channel those resources into grassroots community action that responds to local challenges.

Camden Giving aims to address inequality of wealth, opportunity, health, well-being and influence for Camden's residents. Camden is a borough of extremes, the gap between the richest and the poorest is widening, the difference in life expectancy between men in the wealthiest and most deprived wards is 11 years, 35% of children in Camden live in poverty. Camden is a busy and expensive place to live and this leads to high levels of loneliness and isolation amongst the most deprived residents.

Camden is also home to a number of thriving business and intellectual communities: Kings Cross contains the UK headquarters of multi-national mega-companies such as Google. Camden Town is home to a large number of SME's. The 'Knowledge Quarter' is home to some of the World's most prestigious research institutions, Camden contains more Nobel prizes than anywhere else in the UK. Lastly, Camden's workforce is dominated by creative millennials who wish to work for companies who have a social value. Camden Giving aims to bridge the two worlds: the business community and the most deprived communities in Camden. We do this for mutual benefit and create innovative and long-lasting partnerships that can overcome local inequality.

Public benefit

The Trustees have referred to the guidance contained in the Charity Commission’s general guidance on public benefit whilst reviewing Camden Giving’s aims and objectives and in planning the future activities.

2

AB OUT C AMDE N GIVIN G

OUR MAN IFE STO

Time for a different way of doing things? We think so.

We are uncovering better ways of creating equity in communities. We know that funding, residentdecision making and connections are key to this, but we've learnt that they are not the most important things.

PARTIC IPATION

We prioritise shifting power to a varied range of voices over counting the number of residents making funding decisions.

FUN DIN G

We prioritise having accessible funding processes over counting the number of funded projects.

OPPORTUN ITIE S

We prioritise the needs of individuals over counting the number of opportunities we secure.

3

2020/21 at a Glance

In 2020 we set out to deliver on our first year of our three year Delivery Plan focussed on how we will work with business, funders and individuals to provide funding and support to grassroots community projects.

Despite a challenging and unpredictable year, having to be even more flexible, agile and creative in the way we worked, we made significant progress on our goals that focussed on participation, funding, volunteering and opportunities, by:

£2,341,024

Income

Top Concerns Amongst Community Panellists

----- Start of picture text -----
75
----- End of picture text -----

Community Panellists trained and reimbursed for participation.

----- Start of picture text -----
Increase in funding
50%
requests
190 Grants awarded
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Increase in funding requests

4

COMING UP

One year later, we have reviewed the progress, achievements and learnings of 2020 and how we delivered against our original Delivery Plan.

We know that, as inequality in Camden has risen, so has the desire to change it, not just internally but amongst our communities and partners. The changes to our Delivery Plan reflect higher ambitions for what we can achieve in partnership with businesses, residents, local government and other funders.

What hasn't changed is that we work to deliver programmes that are:

We've updated our manifesto to include a more flexible approach to volunteering, employment and other adhoc partnership work.

We'll spend the next two years prioritising:

5

Simon Pitkeathley

Chairs Statement

The year ending the 31 March 2021 has highlighted deep financial, health and opportunity inequalities. Camdenites who were experiencing inequality in 2019 were disproportionately impacted by the events of 2020, in particular those with disabilities, black and ethnic minority community members, young people, women, older people and LGBTQ+ people.

It's important that we shift power to those who are experiencing these inequalities. At Camden Giving we do this through participatory grantmaking, this is more than just making space at the table, it is putting the table in the centre of communities and supporting as many people as possible to sit at it. In 2020 our community panellists worked quickly to award grants with 4 weeks of lockdown being announced and they continued to award grants via zoom, and we increased the number of community panellists we worked with by 50%.

We’ve been hit with a double-blow of threats to our income and crisis in our communities. Demand for Camden Giving’s funding doubled during this year, incoming funding rose, but not as significantly as demand. The pandemic was far from the “great leveller” and we saw supported organisations rushing to provide a wide range of services including, employment support, advocacy services, adapted youth services and social activities and our 75 community panellists awarded 190 grants totalling £1.3million in this period.

We also saw an increase the number of people who have sought out connection to Camden’s communities, community panellists who wanted to be more active in their neighbourhoods, or people who work for local businesses who have re-evaluating their relationship with Camden.

This year we've questioned our role in racial justice more than ever before. With support from diversity specialists, BRAP, we’ve re-written our delivery plan to include a more deliberate and measured approach to racial justice than we’ve taken before.

The last 12 months have made it hard to bring together people who live and work in Camden, as we look to the future this will be a key priority. We want to make it easier for people experiencing inequality in Camden to access grants from us, not just decide where they go, this will ensure the right people are leading our recovery.

6

Participatory Grantmaking in action

"I don’t know what I’d of done during lockdown without this."

"I am thankful to have met such dynamic people, bound together by our common goal to help protect Camden’s youth. Despite the range in age, background and local area within Camden, empathising with each other was effortless."

" not a

Increasing the power of individuals after they've given the grants

4 found paid employment through us

3 took paid consultancy roles at other trusts and foundations

2 set-up their own community projects

community panel, we’re like a family who all love Camden."

7

CAMDEN COVID-19 CHARITY FUND

----- Start of picture text -----
90
----- End of picture text -----

Number of grants

Grants responding to the impacts of covid

£475,146

Amount awarded

Supporters

Indivudal supporters

Community Panellists

We thank Hillary Bauer, Tamara Jamal, Abd Almoustafa, Adam Khalid, Bea Furre, Kate Gardner, Ray Shaw, Jack Crozier, Jelena Stephenson, Samiha Islam and Zahara Matin Zaman for sharing their time, knowledge and hopes for Camden.

8

CAMDEN COVID-19 CHARITY FUND

OPENING DOORS LONDON RAAW FOUNDATION LATIN AMERICAN HOUSE URBAN COMMUNITY PROJECTS HOLBORN COMMUNITY ASSOCIATION SOMERS TOWN COMMUNITY ASSOCIATION CORAM'S FIELDS HOPSCOTCH ASIAN WOMEN'S CENTRE SONGHAVEN KENTISH TOWN COMMUNITY CENTRE THE WINCHESTER PROJECT SIR HVH ARTS FOUNDATION

THE WHITEFIELD CHARITY SK CORPORATION STORE SCHOOLS & PROJECTS CIC ST PANCRAS WAY TRA

THE VOICE OF ENGLAND’S LANE LITTLE VILLAGE BENGALI WORKERS ASSOCIATION

KHULISA

LONDON IRISH CENTRE

£6,000 £1,450 £3,000 £1,665 £6,000 £6,000 £6,000 £6,000 £6,000 £4,700 £6,000 £6,000 £6,000 £4,200 £5,500 £6,000 £6,000 £5,955 £6,000 £6,000

£5,000

ACLAND BURGHLEY SCHOOL TRUST

9

CAMDEN COVID-19 CHARITY FUND

KENTISH TOWN CITY FARM £2,500 ABBEY COMMUNITY CENTRE £4,875 NORTH LONDON CARES £5,975 CAMDEN CARERS CENTRE £3,000 NW5 COMMUNITY PLAY PROJECT £6,000 URBAN OUTDOORS LONDON £5,500 YES OUTDOORS £6,000 CLEAN BREAK £6,000 UNITY WORKS SOCIAL ENTERPRISES £6,000 EDITH NEVILLE FAMILY CENTRE £3,600 THE KIDS NETWORK £5,000 FLEET PRIMARY SCHOOL £5,000 NW5 PROJECT £5,000 CAMDEN BEREAVEMENT SERVICE £4,784 THIRD AGE PROJECT £5,000 HANDS ON HAND OUT £5,000 HEATH HANDS £5,000 TRUE ACCESS £5,000 HOPSCOTCH ASIAN WOMEN'S CENTRE £5,000 CARLTON PRIMARY SCHOOL £5,000 MARTSANG KAGYU LONDON BUDDHIST CENTRE £500

10

CAMDEN COVID-19 CHARITY FUND

STARTING OUT CHARITY KINDNESS OFFENSIVE £5,000 BLOOMSBURY FOOTBALL FOUNDATION £3,000 PASCAL THEATRE COMPANY £5,000 IN2SCIENCEUK £4,000 THE SWISS CHURCH IN LONDON £5,000 SOMALI COMMUNITY CENTRE £5,000 LIFE AFTER HUMMUS £5,000 TRAINING LINK £2,915 GIRLGUIDING ST PANCRAS £2,000 SAMUEL LITHGOW YOUTH CENTRE £2,766 WEST HAMPSTEAD WOMEN'S CENTRE £3,735 REGENT HIGH SCHOOL £5,000 AFRICAN HEALTH FORUM £5,000 KENTISH TOWN IMPROVEMENT FUND £4,430 DOORSTEP HOMELESS FAMILIES PROJECT £5,000 WEST HAMPSTEAD COMMUNITY RESPONSE £5,000 THE KOSMOS CENTRE £5,000 ST PATRICKS CATHOLIC PRIMARY SCHOOL £5,000 AFRICAN PHYSICAL TRAINING ORGANISATION £2,500 PRO TOUCH SA CIC £4,000 MITZVAH DAY £2,500

11

CAMDEN COVID-19 CHARITY FUND

THE LIGHTHOUSE LONDON COMMUNITY TRUST £3,000 QCCA £5,000 SOMALI COMMUNITY CONVERSATION £5,000 FIRST STEP ACTION £4,000 AL-RAHMAN MOSQUE AND EDUCATION CENTRE £5,000 COOPERATION KENTISH TOWN £4,992 KING'S CROSS BRUNSWICK N.A £4,950 £4,200 INGESTRE COMMUNITY CENTRE SYDRC £5,000[EAZY INNOVATIONS C.I.C.] £5,000 3 STARTS LIMITED £5,000 QALAM EDUCATION RESOURCE CENTRE LTD £500 HEALTHY MINDS, HEALTHY BODS £2,460 RATHBONE AMATEUR BOXING CLUB £6,880 HEATH HANDS £9,092 THE SWISS CHURCH IN LONDON £10,000 NEMI TEAS LIMITED £10,000 ADVANTAGES OF AGE LIMITED £9,900 THE WHITEFIELD CHARITY SK CORPORATION £10,000 STARTING OUT CHARITY KINDNESS OFFENSIVE £9,980 GLOBAL GENERATION £5,000

12

CAMDEN COVID-19 CHARITY FUND

WELL GROUNDED JOBS £10,000
NW5 PLAY PROJECT £5,000
URBAN COMMUNITY PROJECTS £9,968
ACTION YOUTH BOXING INTERVENTION CIC £9,500
BRITISH SOMALI COMMUNITY £9,900
C4WS HOMELESS PROJECT £9,774

13

58

SOCIAL ACTION FUND

Small grants supporting community cohesion

£93,501

Number of grants

Amount awarded

Supporters

Individual supporters

Community Panellists

We thank AJ Miah, Raquel Rahel, Vanessa Browne, Abdullahi Abdullahi, Ahmad Aziz, Atfa Mohamed, Dean Humphrey, Emelye Rennards, Hafid Bounyafe, Hashim Mohamed, Jasmine King, Shazna Ahmed and Taseen Rahman for sharing their time, knowledge and hopes for Camden.

14

SOCIAL ACTION FUND

KEY CHANGES (ISLINGTON MUSIC FORUM LTD) SPEAK STREET THE SAPPHIRE FOUNDATION PRO TOUCH SA CIC RATHBONE AMATEUR BOXING CLUB 3 STARTS LIMITED HEALTHPROM AFRICAN HEALTH FORUM GOSPEL OAK FC MITZVAH DAY UK HELLO BEAUTIFUL FOUNDATION SMALL GREEN SHOOTS ABBEY COMMUNITY CENTRE UNITY WORKS SOCIAL ENTERPRISES LONDON ART THERAPY CENTRE CAMDEN PEOPLE'S THEATRE LATIN AMERICAN HOUSE FC SOMA CAMDEN & ISLINGTON UNITED ST PANCRAS WAY TRA

£1,500 £1,500 £1,000 £1,500 £1,485 £1,480 £1,500 £1,470 £1,500 £1,500 £1,500 £750 £1,240 £1,087 £1,500 £1,500 £1,500 £1,500 £1,250 £1,500

15

SOCIAL ACTION FUND

LMK - LET ME KNOW

FC SOMA ZAD FOUNDATION

STARTING OUT CHARTITY KINDNESS OFFENSIVE THE ZEN PROJECT COMMUNITY CIC

SOMALI COMMUNITY DEVELOPMENT TRUST URBAN COMMUNITY PROJECTS SANKOFA STORYTELLING ARTS

WESTWAY COMMUNITY TRANSPORT RATHBONE AMATEUR BOXING CLUB

BLOOMSBURY FOOTBALL FOUNDATION

FITZROVIA YOUTH IN ACTION

WEST HAMPSTEAD WOMEN'S CENTRE

CENTRAL YMCA

STARTING OUT CHARITY KINDNESS OFFENSIVE

KING'S CROSS BRUNSWICK N.A

HVH ARTS

NETLEY PRIMARY SCHOOL & CENTRE FOR AUTISM

HOPSCOTCH ASIAN WOMEN'S CENTRE

£3,000 £1,500 £1,050 £1,500 £1,464 £1,500 £1,500 £1,490 £3,000 £3,000 £1,500 £1,440 £1,200 £1,500 £1,460 £1,450 £1,500 £1,265 £1,500

ENGAGE HERE CIC

£1,478

16

SOCIAL ACTION FUND/ ROUND 2

----- Start of picture text -----
||| |---|---| |STORE SCHOOLS AND PROJECTS CIC|£1,460| |WILLIAM ELLIS SCHOOL PARENTS ASSOCIATION|£3,000| |VELONOMY|£3,000| |LIFEAFTERHUMMUS COMMUNITY BENEFIT SOCIETY|£1,500| |PRO TOUCH SA CIC|£1,500| |HELLO BEAUTIFUL FOUNDATION|£3,000| |NEWHAM REFUGEE CONSORTIUM|£1,498| |SOMERS TOWN HISTORY CLUB|£1,000| |K2 ACADEMY OF CONTEMPORARY JEWELLERY|£1,500| |3 STARTS LIMITED|£1,495| |CSI STEELBAND TRUST| |£1,500| |FEAST WITH US|£1,500| |THE ZEN PROJECT COMMUNITY CIC|£1,499| |SOMALI COMMUNITY CENTRE|£1,500| |PRE-DESTINY HOUSE CHARITY|£1,490| |#CAMDEN AGAINST VIOLENCE|£1,500| |STROKE & APHASIA MINORITIES SUPPORT|£3,000| |SOMERS TOWN SPACE CIC| |£1,500|

----- End of picture text -----

17

FUTURE CHANGEMAKERS FUND

Grants keeping young people safe

----- Start of picture text -----
12
----- End of picture text -----

Number of grants

£105,449 Amount awarded

Supporters

Community Panellists

We thank Abdisamed Abdi, Abubakar Mohamed, Adnan Ibrahim Hashim, Anisah Rahman, Hicham Kerom Davy, Jameeul Remon Miah, Jimmy Lee-Grain, Kaheylla Jauad-Lafayette, Kamerun Wasim Miah, Leanne Jauad-Sequeira, Razan Mohamed, Rima Mohamed, Said Tahir, Yasmin Farah and Haroun Al-Goned for sharing their time, knowledge and hopes for Camden.

18

FUTURE CHANGEMAKERS FUND

£5,000 THE SAPPHIRE FOUNDATION SMALL GREEN SHOOTS £8,780 CORAM’S FIELDS £10,000 UNLOC £9,000 SOMALI YOUTH DEVELOPMENT RESOURCE CENTRE £9,968 STORE SCHOOLS AND PROJECTS CIC £8,540 PRO TOUCH SA CIC £7,194 YOURBIKEPROJECT CIC £10,000 QCCA (QUEEN'S CRESCENT COMMUNITY ASSOCIATION) £10,000 ACTION YOUTH BOXING INTERVENTION CIC £9,967 PROJECT 10/10 £7,000 SIR HUBERT VON HERKOMER ARTS FOUNDATION £10,000

19

KX FUND Grants to mitigate and benefit from the Kings Cross development

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18
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£206,702

Number of grants

Amount awarded

Supporters

Community Panellists

We thanks Abeda Ahmed, Adam Seres, Hoda nur, Jasmine King, Leo Mirani, Maryam Sufi, Rafat Said, Wende Roserie and Xianshuang Zhang for sharing their time, knowledge and hopes for Camden.

20

KX FUND

PLATFORM CRICKET (THYSF) SMALL GREEN SHOOTS URBAN OUTDOORS LONDON THIRD AGE PROJECT

WOMEN@THEWELL C4WS HOMELESS PROJECT NORTH LONDON CARES ARTS 4 DEMENTIA

ACTION YOUTH BOXING INTERVENTION CIC

KING'S CROSS BRUNSWICK N.A BRITISH SOMALI COMMUNITY CENTRE STORE SCHOOLS AND PROJECTS CIC CALTHORPE COMMUNITY GARDEN YOURBIKEPROJECT

BLOOMSBURY FOOTBALL FOUNDATION CORAM’S FIELDS SANKOFA STORYTELLING ARTS LTD SOMERS TOWN COMMUNITY ASSOCIATION

£8,572 £8,175 £8,500 £6,000 £10,000 £9,760 £10,000 £9,800 £10,000 £9,690 £9,586 £7,290 £10,000 £3,562 £9,993 £10,000 £7,780 £57,993

21

HS2 CAMDEN FUND Grants creating a sense of place in Camden

----- Start of picture text -----
12
----- End of picture text -----

Number of grants

£439,895 Amount awarded

Supporters

Community Panellists

We thank Ranya Lamani, Hillary Bauer, Loyas Miah, Hannah Bambridge and Ifrax Mahamoud for sharing their time, knowledge and hopes for Camden.

22

HS2 CAMDEN FUND

----- Start of picture text -----
C4WS HOMELESS PROJECT
£41,359
CHANCE UK £72,349
CHANGE GROW LIVE £81,970
LONDON WILDLIFE TRUST £83,742
SONGHAVEN COMMUNITY INTEREST COMPANY £9,335
RATHBONE AMATEUR BOXING CLUB £7,040
SOMALI YOUTH DEVELOPMENT RESOURCE CENTRE £74,680
NETLEY PRIMARY SCHOOL
£9,875
TRAINING LINK
£8,582
URBAN COMUNITY PROJECTS & SOMERS TOWN
£26,208
YOURBIKEPROJECT CIC £10,000
CLARKSON AND MORNINGTON TENANTS AND
£14,755
RESIDENTS ASSOCIATION
----- End of picture text -----

YOURBIKEPROJECT CIC CLARKSON AND MORNINGTON TENANTS AND RESIDENTS ASSOCIATION

23

Camden Giving's grants process is as follows:

Increase in funding 50% requests

190 Grants awarded

  1. An open call for applications advertised via Camden Giving's website, newsletter and social media.

  2. 2.Camden Giving provide applicants with one-to-one advice and support to make an application. This is done via workshops, drop-in sessions and ad-hoc meetings. Applicants are offered the option to apply via video, interview or with ESOL support if they need assistance.

  3. 3.Decisions made by the panel are final and Camden Giving Trustees delegate this responsibility to them within this agreed framework.

  4. 4.Grants are usually paid in instalments upon receipt of satisfactory reporting.

  5. 5.Applicants for grants with a value of £60,000 or more are visited by Camden Giving staff and a report of this visit is shared with the panel 1 week before their meeting along with all eligible applications with recommendations made by Camden Giving staff based applicants' ability to fulfil criteria and Camden Giving's summary of local needs.

We believe in a different way of doing things and these organisations helped us do that in 2020/21

24

TRUSTE E S AN N UAL RE PORT FOR TH E YE AR E N DE D 31 MARC H 2021

Financial review

Results for the year ended 31 March 2021 are given in the Statement of Financial Activities. The assets and liabilities are given in the Balance Sheet. The financial statements should be read in conjunction with the related notes. The Trustees regard the financial position of the charity at 31 March 2021 to be satisfactory and they are content that the current unrestricted reserves position leaves it with a sound base from which future activity can be built. In summary, incoming resources for the year amounted to £2,341,024 whilst £1,667,381 were expended during the period as shown in the Statement of Financial Activities. Net movement in funds for the year were £673,643. At 31 March 2021, the Charity’s net current assets amounted to £946,599 as shown in the Balance Sheet. Full details of income and expenditure are set out in notes to the financial statements.

Reserve policy

Camden Giving will aim to hold sufficient reserves to meet its legal obligations including completing grant commitments. The Charity is currently dependent on grant income in order to maintain its core activities. The Trustees aim to maintain unrestricted reserves equivalent to nine to twelve months running costs, this equates to approximatel y £263,000 -£351,000 . The trustees consider that this level will provide sufficient funds to cover support and governance costs. Unrestricted free reserves at the end of this period were £268,181 that represent more than nine months running costs. In order to make a judgment on the amount of reserves the Trustees have considered the risks in respect of expenditure, unrestricted income and where appropriate restricted income and where funds can only be realised by the disposal of a fixed asset. Also taken into consideration are any external identified potential major risks to income and expenditure during the year under consideration. The Director is responsible for ensuring that Camden Giving's total assets do not fall below the agreed reserves level without minuted agreement from the board of Trustees.

Structure, Governance and Management

Camden Giving is a Charitable Incorporated Organisation, number 174463, with 11 Trustees. Camden Giving also has an Advisory Group that is usually invited to attend Trustee meetings at the discretion of Trustees.

Camden Giving's Chair of Trustees is Simon Pitkeathley. Camden Giving's Treasurer is Allan Sutherland.

Simon Pitkeathley and Sue Wilby were the founding Trustees of Camden Giving on the 31st August 2017, since then the Trustees recruited 9 new Trustees to meet gaps in skills and experience. Trustee opportunities were advertised on Camden Giving's website, social media and via volunteering networks. Shortlisted candidates were interviewed by current Trustees who votedon the final decision at board meetings.

New Trustees have been offered formal training and been given a copy of the Camden Giving's constitution.

There are no other bodies that can appoint Camden Giving Trustees.

25

TRUSTE E S AN N UAL RE PORT FOR TH E YE AR E N DE D 31 MARC H 2021

Statement of responsibilities of the trustees

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

The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires that the trustees 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 incoming resources and application of resources, including 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 to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The total number of such guarantees at 31 March 2021 was 12. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity

Statement as to Disclosure of Information to the Auditor

In so far as the Trustees are aware:

• There is no relevant audit information of which the CIO’s auditors are unaware and

• The Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

Auditors

PEM Limited were appointed as the Auditors of the CIO during the year and have expressed their willingness to continue in that capacity.

Approved by the board of trustees on 25 November 2021 and signed on its behalf by;

……………………………………. Simon Pitkeathley, Chairperson

26

STATE ME N T OF FIN AN C IAL AC TIVITIE S FOR TH E YE AR E N DE D 31 MARC H 2021

The results shown above have been derived wholly from continuing activities The notes on pages 34 to 47 form part of these accounts.

31

BALANCE SHEET AS AT 31 MARCH 2021 2020 (reststedl 2021 Note Flxed assets Tangible assets 3,455 2,710 Current assets Debtors Cash at Bank io 23,186 2,391,324 201,336 1,848,064 Total currentassets 2A14,510 2,049,4(N) c￿ditOrS.. amounts falling due within one year li 11,242,178) 11,779,155) Net current Ilabllllles 1,172,332 270,245 Total assets less current liabilities 1,17S,787 272,9S5 c￿dItorS.. amounts falling due after one year li 1229.1881 Netassets 946.599 272.955 Funds Restricted funds Unrestricted funds 13 678,418 268,181 58,901 214,054 13 Totsl funds 946,599 272,955 Approved by the board of truslee5 on 25 November 2021 and signed on their behalf by Slmon Pltkeathley The attached notesfom partofthese accounts 32

STATE ME N T OF C ASH FL OWS FOR TH E YE AR E N DE D 31 MARC H 2021

33

N OTE S TO TH E FIN AN C IAL STATE ME N TS FOR TH E YE AR E N DE D 31 MARC H 2021

1 Accounting policies

General Information

Camden Giving is an unincorporated charity registered in England.

The Charity's registered office is Collective, 5-7 Buck Street, Camden Town, London NW5 2NJ.

The Charity's functional and presentational currency is GBP.

Basis of preparation

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Second edition October 2019 effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The charity 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.

Critical accounting estimates and areas of judgement

The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern. The trustees do not consider that there are any sources of estimation uncertainty at the reporting

Preparation of the financial statements requires management to make significant judgements and estimates.

Critical accounting estimates and assumptions:

Depreciation on fixed assets. Depreciation is estimated based on the useful economic life of the assets.

Grants accrued payable in more than one year. Grants payable in more than year are estimated based on future grantee needs.

34

N OTE S TO TH E FIN AN C IAL STATE ME N TS FOR TH E YE AR E N DE D 31 MARC H 2021

1 Accounting policies (continued)

Going concern

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

Income

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

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

Donations of gifts, services and facilities

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

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

I nterest 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.

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1 Accounting policies (continued)

Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of 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.

Expenditure and irrecoverable VAT

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

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.

Allocation of support costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the charitable programmes and activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. The bases on which support costs have been allocated on their total direct costs and are set out in note 5.

Operating leases

Rental charges are charged on a straight line basis over the term of the lease.

Tangible fixed assets

Items of equipment are capitalised where the purchase price exceeds £1,000. 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: Office equipment 33.3% on cost

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1 Accounting policies (continued)

Debtors

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

Cash at bank and in hand

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

Creditors and provisions

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

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 amortised cost using the effective interest method.

Pensions

The charity operates a stakeholder defined contribution pension scheme. Contributions payable for the year are charged in the Statement of Financial Activities.

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N OTE S TO TH E FIN AN C IAL STATE ME N TS FOR TH E YE AR E N DE D 31 MARC H 2021

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N OTE S TO TH E FIN AN C IAL STATE ME N TS FOR TH E YE AR E N DE D 31 MARC H 2021

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N OTE S TO TH E FIN AN C IAL STATE ME N TS FOR TH E YE AR E N DE D 31 MARC H 2021

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N OTE S TO TH E FIN AN C IAL STATE ME N TS FOR TH E YE AR E N DE D 31 MARC H 2021

14 Movement in funds (continued)

Camden Fund

Camden giving is working with HS2 Ltd. and the London Borough of Camden to distribute funding to civil society organisations to 'create a sense of place' in communities affected by the development of HS2 Ltd.

KX Fund

This fund is made possible by Argent and the London Borough of Camden, aimed to improve social cohesion, quality and access to natural environments and bridge the gap between employers and civil society to secure jobs for Camden residents.

Future Changemakers Fund

This fund aims to reduce youth violence in Camden by giving grants to mental health services and projects that provide positive role models to people aged 16-25.

Emergency Covid-19 Fund

This fund was created to respond to and alleviate the impacts of Covid-19.

Inclusive Grants

The programme put people with disabilities at the heart of the decisions, empowering them to make informed choices on which projects to fund in order to improve access to spaces and activities led by non-disabled organisations

City Bridge

Funding towards our Partnership manager's salary.

National Lottery

Funding towards our Partnership officer and Head of partnership's salary.

Adhoc

A partnership with Euston Town BID to fund a homeless housing hosting programme.

15 Related party transactions

During the year a trustee gifted office space to the charity at no cost, the value of this gift was £14,400, this has been recognised within both other income and office costs. Employers of three trustees facilitated employee fundraising during the year which amounted to £20,774 and one trustee donated £100 to the charity. We awarded one donation of £15,118 to charity which a trustee is connected to. There were no related party transaction to diclose for the year ended 31 March 2020.

16 Prior year restatement

In the current year Camden Giving appointed new accountants to perform the finance function of the charity. During the handover process certain issues came to light where the accounts did not present a fair representation of the underlying records. As such the accounts have been restated to incorporate the impact of an error within the grants payable creditor and debtors as at 31 March 2020. The adjustment has resulted in a decrease in net assets of £393,973 at 31 March 2020 as shown below.

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17 Full list of grants awarded

Camden Fund

Camden Fund
C4WS Homeless Project 41,359
Chance UK 72,349
Change Grow Live 81,970
Clarkson and Mornington Tenants and Residents Association 14,755
London Wildlife Trust 83,742
Netley Primary School 9,875
Rathbone Amateur Boxing Club 7,040
Somali Youth Development Resource Centre 74,680
Songhaven Community Interest Company 9,335
Training Link 8,582
Urban Comunity Projects & Somers Town 26,208
YourBikeProject CIC 10,000
KX Fund
Action Youth Boxing Intervention 10,000
Arts 4 Dementia 9,800
Bloomsbury Football Foundation 7,780
British Somali Community Centre 9,586
C4WS Homeless Project 9,760
Calthorpe Community Garden 10,000
Coram’s Fields 10,000
King's Cross Brunswick Neighbourhood Association (KCBNA) 9,690
North London Cares 10,000
Platform Cricket (THYSF) 8,572
Sankofa Storytelling Arts 9,993
SMALL GREEN SHOOTS 8,175
STORE Schools and Projects CIC 7,290
Third Age Project 6,000
Urban Outdoors London 8,500
women@thewell 10,000
YourBikeProject CIC 3,562
Somers Town Community Association 57,993
Emergency COVID-19 Fund
Abbey Community Centre 4,875
BWA 5,955
Camden Carers Centre 3,000
Clean Break 6,000
Coram's Fields 6,000
Holborn Community Association 6,000
Hopscotch Asian Womens Centre 6,000
Kentish Town City Farm 2,500
Kentish Town Community Centre (KTCC) 4,700
Khulisa 6,000
Latin American House 3,000
Little Village 6,000
London Irish Centre 6,000
North London Cares 5,975
NW5 Community Play Project 6,000
Opening Door 6,000
RAaW Foundation 1,450
SIR HUBERT VON HERKOMER ARTS FOUNDATION 6,000

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17 Full list of grants awarded (continued)

Emergency COVID-19 Fund

Emergency COVID-19 Fund
Somers Town Community Association 6,000
Songhaven 6,000
Soup Kitchen 6,000
St.Pancras Way Tenants and Residents Association 5,500
STORE Schools & Projects CIC 4,200
The Winchester Project 6,000
Unity Works Social Enterprises 6,000
Urban Community Projects 1,665
Urban Outdoors London 5,500
Voices of Englands Lane 6,000
YES Outdoors 6,000
Acland Burghley School Trust 5,000
Camden, City, Islington and Westminster Bereavement Service 4,784
Heath Hands 5,000
Somali Community Centre 5,000
The Kosmos Centre (formally Camden Cypriot Women's Org) 5,000
True Access 5,000
Lifeafterhummus Community Benefit Society 5,000
Edith Neville Primary School and Family Centre 3,600
Martsang Kagyu London Buddhist Centre 500
Somali Community Conversation 5,000
The Kids Network 5,000
West Hampstead Covid-19 Community Response Group in partnership with FoodCycle. 5,000
3 Starts Limited 5,000
African Health Forum (AHF) 5,000
Bloomsbury Football Foundation 3,000
Carlton Primary School 5,000
Doorstep Homeless Families Project 5,000
EAZY INNOVATIONS C.I.C. 5,000
First Step Action 4,000
Fleet Primary School 5,000
Girlguiding St Pancras 2,000
Hands On Hand Out 5,000
Hopscotch Asian Women's Centre 5,000
in2scienceUK 4,000
Kentish Town Improvement Fund 4,430
King's Cross Brunswick Neighbourhood Association 4,950
Mitzvah Day 2,500
PASCAL THEATRE COMPANY 5,000
Pro Touch SA CIC 4,000
QCCA (Queen's Crescent Community Association) 5,000
Regent High School 5,000
The Swiss Church in London 5,000
The Third Age Project 5,000
Training Link 2,915
West Hampstead Women's Centre 3,735
Starting Out Chartity Kindness Offenive 5,000
SYDRC 5,000
Al-Rahman Mosque and Education Centre 5,000
Cooperation Kentish Town 4,992
Samuel Lithgow Youth Centre (SLYC) 2,766
St Patricks Catholic Primary School 5,000

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17 Full list of grants awarded (continued)

Emergency COVID-19 Fund (continued)

NW5 Community Play Project (known as NW5 Project) 5,000 African Physical Training Organisation (APTO) 2,500 Ingestre Community Centre 4,200 Qalam 500 The Lighthouse London Community Trust 3,000 Advantages of Age Limited 9,900 Action Youth Boxing Intervention CIC 9,501 British Somali Community Centre 9,900 Camden Mobile Food Bank (Urban Community Projects) 9,968 C4WS Homeless Project 9,774 Global Generation 5,000 Healthy Minds, Healthy Bods 2,460 Heath Hands 9,092 NEMI Teas Limited 10,000 NW5 Play Project 5,000 Rathbone Amateur Boxing Club 6,880 Starting Out Charity Kindness Offensive 9,980 The Swiss Church in London 10,000 The Whitefield Charity SK Corporation 10,000 Well Grounded Jobs 10,000

Future Change Maker Fund

Future Change Maker Fund
Action Youth Boxing Intervention 7,000
Coram’s Fields 10,000
Pro Touch SA CIC 7,194
Project 10:10 10,000
QCCA (Queen's Crescent Community Association) 9,967
SIR HUBERT VON HERKOMER ARTS FOUNDATION 10,000
SMALL GREEN SHOOTS 8,780
Somali Youth Development Resource Centre 9,968
STORE schools and Projects CIC 8,540
The Sapphire Foundation (Trading as The Sapphire Community Group) 5,000
Unloc (in partnership with Westminster Kingsway College + Visionnaires) 9,000
YourBikeProject CIC 10,000

Social Action Fund

Social Action Fund
3 Starts Limited 1,480
Abbery Community Centre 1,240
African Health Forum 1,470
Camden & Islington United 1,250
Camden People's Theatre 1,500
FC Soma 1,500
Gospel Oak FC 1,500
HealthProm 1,500
Hello Beautiful Foundation 1,500
Key Changes (Islington Music Forum Ltd) 1,500
King's Cross Brunswick Neighbourhood Association 1,450
Latin American House 1,500
London Art Therapy Centre 1,500
Mitzvah Day UK 1,500
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17 Full list of grants awarded (continued)

Social Action Fund (continued)

Social Action Fund (continued)
Netley Primary School and Centre for Autism 1,265
Pro Touch SA CIC 1,500
Rathbone Amateur Boxing Club 1,485
Small Green Shoots 750
Somali Community Development Trust 1,500
Speak Street 1,500
St.Pancras Way Tenants and Residents Association 1,500
Starting Out Charity Kindness Offensive 1,500
The Sapphire Foundation (Trading as The Sapphire Community Group) 1,000
The Zen Project Community CIC 1,464
Unity Works Social Enterprises 1,087
ZAD Foundation 1,050
#Camden Against Violence 1,500
3 Starts Limited 1,495
Bloomsbury Football Foundation 1,500
Central YMCA 1,500
CSI Steelband Trust 1,500
Engage Here CIC 1,478
FC Soma 1,500
FEAST With Us 1,500
Fitzrovia Youth in Action 1,440
Hopscotch Women's Centre 1,500
HVH ARTS 1,500
K2 Academy of Contemporary Jewellery 1,500
Lifeafterhummus Community Benefit Society 1,500
LMK - Let Me Know 3,000
Newham Refugee Consortium "BOBOTO" 1,498
Pre-Destiny House Charity 1,490
Pro Touch SA CIC 1,500
Rathbone Amateur Boxing Club 3,000
Sankofa Storytelling Arts Ltd. 1,490
Siobhan Bradshaw for Somers Town History Club 1,000
Somali Community Centre 1,500
SOMERS TOWN SPACE COMMUNITY INTEREST COMPANY 1,500
STORE Schools and Projects CIC 1,460
Stroke & Aphasia Minorities Support Group Ltd 3,000
The Hello Beautiful Foundation 3,000
The Starting Out Charity Kindness Offensive 1,460
The Zen Project Community CIC 1,499
Urban Community Projects 1,500
Velonomy 3,000
West Hampstead Women's Centre 1,200
Westway Community Transport 3,000
William Ellis School Parents Association (WESPA) 3,000

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