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Camden Giving Charity number: 1174463
Annual Report For the year ended 31 March 2022
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| Contents | |
|---|---|
| Reference and administrative information | 3 |
| Trustees’ annual report | 4 - 16 |
| Independent auditor's report | 17 - 20 |
| Consolidated statement of financial activities | 21 |
| Balance sheets | 22 |
| Consolidated statement of cash flows | 23 |
| Notes to the financial statements | 24 - 35 |
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Reference and administrative information
Trustees:
Simon Pitkeathley – Chairperson Allan Sutherland - Treasurer Sue Wilby Dominic Pinkney Tom Holliss Graham Dyer Rose Alexander Hafsa Mohammed Nathan Dyke Vanessa Brown (appointed 19 May 2022) Jannah Maliha Mujib (resigned 09 June 2022) Mahfuz Sadique (resigned 13 November 2021)
Director: Natasha Friend
Charity number: 1174463
Registered office: Collective, 5-7 Buck Street, Camden Town, London, NW5 2NJ
Independent Auditors: Peters Elworthy & Moore Salisbury House Station Road Cambridge CB1 2LA
Bankers: CAF Bank, 25 Kings Hill Avenue, Kings Hill, ME19 4JQ
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TRUSTEES ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2022
The Trustees present their report and financial statements for the year ended 31 March 2022. 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.
Chair’s Statement
Over the last year multiple crisis's have hit the headlines; a health and well-being disaster caused by Covid, high numbers of refugees arriving from Afghanistan and Ukraine as well as increased cost of living and funding challenges for many small charities. But health, migration and poverty emergencies are not new to many people in Camden. This borough contains many people who are experts in surviving emergencies, because they have done so themselves. The people of Camden are its greatest asset and that is why in the financial period 2021-22 we increased the ways that local people, with lived experienced of inequality, lead social good work.
We set-up a sister organisation, the Community Ideas Project, which supports citizens to receive funding from Camden Giving to run community projects. With funding from Camden Council and a growing number of residents and businesses, we’ve created a community-led fund that gives small grants to citizens to overcome some of Camden’s most complex issues. It’s proven a huge success already, with 43 citizens receiving funding since we began the programme in June 2021. Already 5 of those citizens have gone on to receive larger grants from our community panels ranging from £10,000£30,000, showing clear signs that citizens are unlocking sustainable solutions to community issues.
Our grantmaking continues to shift decision-making power to Camden citizens with lived experience of inequalities. This year we worked with 57 citizens who formed our decision-making panels. This is more than just “different people making the same decisions”. As an example, of the 43 grants awarded over the last three years of the Future Changemakers Fund, over 50% were recurring grants to 11 unique organisations. This shows the value and strength of these community organisations are felt by the three separate youth-led community panellists. Over half of these 11 organisations are led by Camden residents from black and minority ethnic led communities. This sits in contrast with a funding sector which under-funds leaders with lived experience of the issues they are addressing.
The year 2021-22 has been a difficult financial year for many of our grantees. Many funders and donors “burnt too bright” the previous year and slowed their giving. This has had an impact on Camden Giving too and we faced difficult financial decisions and we were forced to award less money than in previous years. Despite these challenges, new donors joined our work this year and we've focussed efforts on supporting those who we know other funders struggle to fund, particularly community leaders from marginalised groups. Long-term commitments from donors including the Paul Hamlyn Foundation, Landsec and Camden Council, means that Camden Giving ends the financial year 2021-22 with a healthy cash flow.
Over the next year we will increase the ways that citizens with community knowledge can work with us, setting up a large alumni group to set grant-making strategy for the organisation. Many of our supporters will face challenging financial times over the next year, so we will need to ensure the resources we have are focussed towards work that is most important to people in Camden.
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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 a significant number of Nobel prize winners. 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 longlasting 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.
Our Manifesto
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, resident-decision making and connections are key to this, but we've learnt that they are not the most important things.
Participation
We prioritise shifting power to a varied range of voices over counting the number of residents making funding decisions.
Funding
We prioritise having accessible funding processes over counting the number of funded projects.
Opportunities
We prioritise the needs of individuals over counting the number of opportunities we secure.
2021/22 At a Glance
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Income: £1,011,988
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Grants awarded: 151
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Grants awarded: £880,747
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Number of resident panellists: 46
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Connections that increase power: 294
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2022/23 Coming Up
In 2020 we set out a three-year business plan. We have continually reviewed our work and made changes that reflect the different circumstances we are now operating in. 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:
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Keeping people safe.
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Reducing loneliness and isolation of people experiencing poverty and inequality.
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Helping local people to play a role in addressing local and global issues (that have an impact in Camden).
We'll spend the next year prioritising delivering participatory funding programmes, developing strong fundraising partnerships and supporting opportunities that build power. We are also focussing on the following priorities:
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Supporting team wellbeing
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Understanding the impact of our connections
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Co-owned racial justice
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Sustainable onward funding
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Digital participatory grant-making
We work to the spirit of our manifesto and all our programmes are working towards racial justice. We created a racial justice strategy in 2020. The staff team have been supported by BRAP to review this and have worked together to write proposed plans for the next 2 years that focusses on our approach to racial justice internally, through our participatory grant-making and with donors and businesses in Camden
We developed a Theory of Change that represents how we are working differently as a participatory grant-making organisation that encompasses our delivery plan and racial justice strategy. We will use this tool to measure and evidence the impact of our work.
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Volunteers
Volunteers added significantly to our work during the financial period 2021/22, we’d like to thank our long-standing volunteers Trisha and Tennyson from Zappi Store who provide ongoing support to build our capacity with technology and grant-making software, alongside Hafid at Camden Council. Lea from Google supported our work on understanding our impact through data for our role in empowering connections across the borough. Sam and Michael from Sam Lane photography who provide pro-bono photography and videography support to assist us and our grantees with storytelling and impact.
Fundraising
Camden Giving raises money to be able to redirect funding and resources back into grassroots projects working to find solutions that tackle inequality and injustices in the borough. Working on a notion that everyone has something to give, we continued to fundraise flexibly from a wide variety of businesses in Camden. Fundraising highlights included:
- We held our first Bungee Jump challenge event for supporters to fundraise for us, made up of employees at Hat Trick Productions, John Lewis, Camden Collective and Zappi and former panellists, they raised donations totalling £2,890 to support our work tackling inequality in Camden.
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- We enabled businesses to make contributions towards the sustainability of Camden’s charities through establishing our first unrestricted, multi-year funding programme the Equalities Fund.
In 2021/22 our fundraising achievements were made possible because of a collaborative effort between Camden businesses, their employees, local authority, trusts and foundations and high networth donors. Camden is a special place, full of activism, creativity, and pride. When people are struggling here, communities stand up to support them. More and more we are seeing businesses doing the same. Collectively, businesses are one of biggest contributors to our fundraising with 43% of overall income from them, from their bottom line and through grants. We’ve had a significant increase in their support for our core costs too including through donations, payroll giving and employee fundraising. Our core costs are partially supported by multi-year grants from Trusts and Foundations as well as a mix of support from businesses and individuals giving to core and towards grant programmes. This core support enables us to have financial stability to continue working towards our mission. From this collective solidarity, we’ve seen ideas and community leaders emerge that have the potential to overcome some of Camden’s deep-rooted inequalities. Over the coming years, businesses will continue to play a huge role in sustaining the work of Camden Giving and community leaders and we’re increasing our fundraising partnerships with businesses in Camden to achieve this.
Grant-making
Camden Giving is a participatory place-based funder. We believe that people experiencing challenges know the best solutions and we want to use our grant-giving to put power and trust in the hands of people often aren’t given power or trust. For example, the Future Changemakers Fund was chaired by an 18-year-old BAME resident.
Camden Giving’s Trustee’s delegate all grant decisions to independent panels made up of residents who Camden Giving recruit and train. In this financial year we have had 3 resident panels and this has proved an important way to bring together people who live in Camden to make decisions.
Camden Giving's grants process is as follows:
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An open call for applications was advertised via Camden Giving's website, newsletter and social media.
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Camden Giving provide applicants with one-two-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.
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Decisions made by the panel are final and Camden Giving Trustees delegate this responsibility to them within this agreed framework.
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Grants are usually paid in instalments upon receipt of satisfactory reporting.
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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.
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The following Grants were committed during this financial year:
Kings Cross Community Fund
The KX Fund, which aims to mitigate against the negative impacts of the Kings Cross development and enhance the opportunities it provides for local people. This fund is made possible by Argent’s S106 contributions.
2 grants - £29,904
| 2 grants - £29,904 | |
|---|---|
| Somers Town Community Association | £29,804 |
| Sanfoka Storytelling Arts (awarded as a grant extension) | £100 |
COVID-19 Emergency Community Fund
The COVID-19 Fund was created due to the extraordinary demands that charities, social enterprises and community groups faced because of the pandemic to provide immediate financial support and emergency response, as well as support to tackle digital poverty and services for racial minority communities. The following grants were awarded to foodbanks delivering specialist support to specific communities during the crisis, funded by donors Social Bite.
3 grants - £2,764
| 3 grants - £2,764 | |
|---|---|
| Urban Community Projects | £921 |
| Queens Crescent Community Centre | £921 |
| Kentish Town Community Centre | £921 |
Inclusive Community Fund
The Inclusive Fund aims to make services and activities more accessible to adults with disabilities. This fund was funded by Camden Council through their Community Impacts initiative.
- 7 grants - £105,850
| 7 grants - £105,850 | |
|---|---|
| Abbey Community Centre | £4,992 |
| Camden People's Theatre | £18,771 |
| Healthwatch Camden | £16,556 |
| NW5 PROJECT | £20,000 |
| Pro Touch SA CIC | £19,845 |
| The CarAf Centre | £5,686 |
| The Whitefield Charity SK Corporation | £20,000 |
Future Changemakers Fund
The Future Changemakers fund aims to make Camden a safer place for young people. This fund was contributed to by Argent’s Section 106 agreement, Camden Town Unlimited, Euston Town, Camden Watch Co, The National lottery Community Fund and Span Trust.
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27 grants - £207,736
| 27 grants - £207,736 | |
|---|---|
| Action Youth Boxing Intervention | £10,000 |
| Coram’s Fields | £10,000 |
| Pro Touch SA CIC | £10,000 |
| QCCA (Queen's Crescent Community Association) | £10,000 |
| SIR HUBERT VON HERKOMER ARTS FOUNDATION | £10,000 |
| SMALL GREEN SHOOTS | £10,000 |
| Somali Youth Development Resource Centre | £10,000 |
| Unloc (in partnership with Westminster Kingsway College + Visionnaires) | £6,554 |
| Your Bike Project CIC | £10,000 |
| Buri Academy | £10,000 |
| C4WS | £9,588 |
| Diginnova Foundation | £10,000 |
| Eat Club | £7,755 |
| Fitzrovia Youth in Action | £9,718 |
| Head Held High | £5,029 |
| Kings Cross Brunswick Neighbourhood Association (KCB) | £10,000 |
| Your Revolution CIC | £10,000 |
| Skills Exchange Project CIC | £10,000 |
| Sobriety Films | £9,982 |
| St. Pancras Tenants and Residents Association | £10,000 |
| STORE Schools and Projects CIC | £9,040 |
| Survivors Can Shine C.I.C. | £10,000 |
| Performing Productions | £70 |
The following awards totalling £773 were awarded as grant extensions to Future Changemaker grantee Your Bike Project from but the Young Euston Voices and Google KX Project budget
| Your Bike Project CIC – Euston Voices | £558 |
|---|---|
| Your Bike Project CIC – Google KX Project | £215 |
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Equality Fund
The Equality Fund provides unrestricted, multi-year grants to charities tackling inequalities faced by Camden’s diverse communities, supported by Take Two, Clothworkers Foundation, Belsize Society, Hat Trick Productions, Google and individual donors.
10 grants - £300,000
| 10 grants - £300,000 | |
|---|---|
| The UK Sapphire Foundation | £30,000 |
| The CarAF Centre | £30,000 |
| Bloomsbury Football Foundation | £30,000 |
| Afro Pic Productions | £30,000 |
| South Camden Community Trust | £30,000 |
| Newham Refugee Consortium | £30,000 |
| ALAG/Autism Hub | £30,000 |
| Ingestre Road Community Centre | £30,000 |
| Brent Women's Advisory Resource Centre | £30,000 |
| The Wellness Action Alliance | £30,000 |
The following awards totalling £200 were awarded as grant extensions to Equality Fund grantees from our Core budget
| from our Core budget | |
|---|---|
| The Wellness Action Alliance | £100 |
| Afro Pic Productions | £100 |
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We Make Camden Kit
The We Make Camden Kit is a partnership with Camden Council to fund great ideas that will make Camden a better place and achieve Camden’s Core Missions; everyone eats well everyday, young people have great opportunities, there’s diversity amongst people in power and we’re living in sustainable neighbourhoods. The fund is supported by Camden Council, Shaftesbury Plc, Urban Partners and individual donors.
The Community Ideas Project C.I.C was incorporated by Camden Giving on 20 July 2021 to support citizens to receive funding from Camden Giving’s We Make Camden Kit to run community projects, alongside providing additional support including safeguarding, public liability insurance and connections. The Community Ideas Project is considered to be a subsidiary of Camden Giving via the virtue of common control and also as a result of Camden Giving providing significant infrastructure support to ensure it meets its objectives.
100 grants £233,520
| 100 grants £233,520 | |
|---|---|
| KCBNA | £7,328 |
| Maiden Lane Community Centre | £7,408 |
| Doorstep Homeless project | £7,500 |
| Feast with Us | £6,230 |
| Castlehaven | £6,930 |
| The NW5 Project | £7,500 |
| Refugee Community Kitchen | £7,500 |
| Urban Community Projects | £6,535 |
| Swiss Church | £4,000 |
| The Sapphire Wellbeing Academy | £6,000 |
| Fustal Star Foundation | £9,440 |
| Hello Beautiful Foundation | £8,038 |
| Abbey Community Centre | £6,538 |
| The Sheriff Centre | £8,038 |
| Sidings Community Centre | £6,538 |
| Calthorpe Community Garden | £6,538 |
| Unity Works | £6,538 |
| Buri Academy Education | £1,500 |
| Newham Refugee Consortium "BOBOTO" | £1,500 |
| Bengali Education Centre | £1,500 |
| 3 Starts Limited | £1,500 |
| West Hampstead Women's Centre | £1,500 |
| The Lot Productions | £1,496 |
| Gospel Oak FC | £1,500 |
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| Girlguiding St Pancras | £1,200 |
|---|---|
| C4WS Homeless Project | £1,490 |
| Your Bike Project | £1,500 |
| Camden Volunteer Police Cadet | £1,500 |
| The Screen Film Community | £3,000 |
| Camden United FC | £3,000 |
| UK Sapphire Foundation | £1,078 |
| Pro Touch CIC | £3,000 |
| Somali Community Centre | £1,500 |
| Zaad Foundation | £1,500 |
| Webheath TRA | £1,500 |
| IAMI Ltd (IamIrish) | £3,000 |
| Camden Clear Air | £1,500 |
| EngageHere CIC | £1,472 |
| The Zen Project Community CIC | £1,440 |
| Regent's High School | £1,480 |
| Edith Neville Primary School | £1,446 |
| RAaW Foundation | £1,500 |
| HvH ARTS | £1,500 |
| Platform Cricket | £1,500 |
| Bloomsbury Beginnings CIC | £1,500 |
| Kilburn Older Voices Exchange (KOVE) | £1,500 |
| GetScouted Kicks | £1,500 |
| Oliver Yu Chan working with Somers Town Space | £1,450 |
| Community Ideas Project C.I.C. (44 grants for onward payment to individuals) | £63,369 |
During the year we undertook an exercise to review our grant arrangements with grantee organisations who were, for different reasons, in breach of the terms of our agreement, including those awarded grants in previous years. Those who failed to respond to our flexible approach and offer of support meant that, by the year end, we cancelled £144,084 in funding that will be redistributed for further community benefit through our existing grant fund programmes. Camden Giving offer ongoing 121 support with grantees to ensure that they’re able to operate in line with the terms of our grant agreements.
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Financial review
Results for the year ended 31 March 2022 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 and Group at 31 March 2022 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.
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 approximately £210,000-£280,000. 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 £224,917 that represent between 9-10 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 9 Trustees. Camden Giving also has an Advisory Group that is usually invited to attend Trustee meetings at the discretion of Trustees. The Community Ideas Project C.I.C, incorporated in the UK, registered number 135221090, was established by Camden Giving’s Trustees on 20 July 2021 to support citizens to receive funding from Camden Giving’s We Make Camden Kit to run community projects, alongside providing additional support including safeguarding, public liability insurance and connections. The Community Ideas Project is considered to be a subsidiary of Camden Giving via the virtue of common control and also as a result of Camden Giving providing significant infrastructure support to ensure it meets its objectives.
Camden Giving's Chair of Trustees is Simon Pitkeathley. Camden Giving's Treasurer is Allan Sutherland. Simon Pitkeathley, Clare McBride and Sue Wilby were the founding Trustees of Camden Giving on 31 August 2017, since then the Trustees recruited 7 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 voted on 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.
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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:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgments and estimates that are reasonable and prudent;
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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; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
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 2018 was 8. 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:
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There is no relevant audit information of which the CIO’s auditors are unaware and
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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.
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Auditors
The auditors, Peters Elworthy & Moore have expressed their willingness to continue in that capacity. The designated trustees will propose a motion reappointing the auditors at a meeting of the Trustees.
Approved by the board of Trustees and signed on its behalf on Friday 18th November 2022 by;
Simon Pitkeathley
Chairperson
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Independent Auditor’s Report to the Trustees of Camden Giving (CIO)
for the year ended 31 March 2022
OPINION
We have audited the financial statements of The Camden Giving (the 'parent charity') and its subsidiary (the 'Group') for the year ended 31 March 2022 which comprise the Consolidated Statement of Financial Activities, the Balance Sheets, the Consolidated Statement of Cashflows and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
The financial statements have been prepared in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
This has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
In our opinion the financial statements:
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give a true and fair view of the state of the Group's and of the parent charity's affairs as at 31 March 2022 and of the Group’s incoming resources and application of resources, including its income and expenditure for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Charities Act 2011.
BASIS FOR OPINION
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
CONCLUSIONS RELATING TO GOING CONCERN
In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
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Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group and parent charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.
OTHER INFORMATION
The other information comprises the information included in the Annual Report other than the financial statements and our Auditor's Report thereon. The Trustees are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION
In the light of our knowledge and understanding of the Group and the parent charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Report.
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:
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the information given in the Trustees’ report is inconsistent in any material respect with the financial statements; or
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sufficient accounting records have not been kept; or
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the financial statements are not in agreement with the accounting records; or
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we have not received all the information and explanations we require for our audit.
RESPONSIBILITIES OF TRUSTEES
As explained more fully in the Statement of the Responsibilities of the Trustees, the Trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the Group's and the Parent Charity’s ability to continue as a going concern, disclosing, as applicable, matters related to
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DocuSign Envelope ID: D9654AEB-6837-4D00-86F6-713895C87900
going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Group or the parent charity or to cease operations, or have no realistic alternative but to do so.
AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS
We have been appointed as auditor under section 151 of the Charities Act 2011 and report in accordance with the Act and the relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, was as follows:
-
the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise noncompliance with applicable laws and regulations;
-
we identified the laws and regulations applicable to the Group through discussions with Trustees and other management, and from our knowledge of charity law and experience;
-
we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the Charity, including the Charities Act 2011 and taxation legislation;
-
in addition, we considered provisions of other laws and regulations which do not have a direct effect on the financial statements but compliance with which might be fundamental to the Charity's ability to operate or to avoid material penalties; and
-
we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management reviewing the minutes of Trustees’ meetings and inspecting legal correspondence.
We assessed the susceptibility of the Group and parent Charity’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
-
making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
-
considering the internal controls in place to mitigate risks of fraud and noncompliance with laws and regulations.
19
DocuSign Envelope ID: D9654AEB-6837-4D00-86F6-713895C87900
To address the risk of fraud through management bias and override of controls, we:
-
performed analytical procedures to identify any unusual or unexpected relationships;
-
we designed procedures to identify unexpected and unusual journal entries and performed testing to confirm the validity of such postings; and
-
we evaluated the assumptions and judgements used by management within significant accounting estimates and assessed whether these indicated evidence of management bias.
In response to the risk of irregularities and noncompliance with laws and regulations, we designed procedures which included, but were not limited to:
-
agreeing financial statement disclosures to underlying supporting documentation;
-
reading the minutes of meetings of those charged with governance;
-
enquiring of management as to actual and potential litigation and claims; and
-
reviewing any correspondence with relevant regulators such as the Charity Commission.
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify noncompliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.
Use of our report
This report is made solely to the Charity’s Trustees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the Charity’s Trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity and the Charity’s Trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Peters Elworthy & Moore
Peters Elworthy & Moore
Chartered Accountants & Statutory Auditor Salisbury House, Station Road, Cambridge, CB1 2LA
Date:
11/18/2022
Peters Elworthy & Moore is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.
20
DocuSign Envelope ID: D9654AEB-6837-4D00-86F6-713895C87900
Consolidated Statement of Financial Activities
For The Year Ended 31 March 2022
21
Docusign En¥ÈlopÈ ID". D9654AEB-6837-4DOO-86F&713895C87900 Balance Sheets As At 31 March 2022 awr 2022 2022 2021 Fi¥edassets Tan8ible assets Irwesbnents 217 2A17 3,455 16 Currentasstts Debtor5 ash atnk io 65,319 1,713,998 65.319 I,69463 23,186 2,391,324 TotsI(urrentats 1,719317 1,759,387 2h14510 Creditor5'. amounts falling due within one yeèr li 1850.7841 1830A461 11242.1781 NetcurrertlLibiir 928533 928.541 1,172332 Totsl 355ets less currEntlvdbi1eS 931350 931.358 1,175,787 Credftors= amounts falllng dueafteret year li I7499} 174991 1229.1881 Netassets 856,451 856A59 946599 Funds Restritted funds unStrirted funds 13 13 616256 230,195 626,264 230,195 678,418 268,181 Tthallunds 856A51 856AS9 946,599 The finandal statements consolldate the resuhs ofthe Charity and its sublsld58ry by vlrtue of control,The Communty Ideas ProRctC.I.C. whKh was set up injuty 2021. The5ub5idi3ry opeTrtes to distributegrants a5 partof the restrirted proiertfund We Make Camden KIT,formore inforrnatim5ee notes l and 16. A Separate 5tatetnent offinancial artwit5 ha5 notbeen presented forthe(hÈrity. ThÈ movementof funds ofthe parent thartty was a drof £,140{2021'. sutplus trfE673N41. Appn)ved bythe bDard of TnL5tee5 and 5ignediJntheirb2haKby Simon p(eathI <ChairpeI on Friday 18th Novembpr2022. Simon Ptheathlev The atta(d le$fOrni partoftheseaccwnts 22
DocuSign Envelope ID: D9654AEB-6837-4D00-86F6-713895C87900
Consolidated Statement of Cashflows For The Year Ended 31 March 2022
23
DocuSign Envelope ID: D9654AEB-6837-4D00-86F6-713895C87900
Notes to the financial statements for the year ended 31 March 2022
1. Accounting policies
General Information
Camden Giving is incorporated in the UK as a Charitable Incorporated Organisation (CIO) (CE012088) and a charity registered in England and Wales (1174463). 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.
These financial statements consolidate the results of the Charity and its subsidiary by virtue of common control, The Community Ideas Project C.I.C. (incorporated in the UK, registered number 135221090). The subsidiary was incorporated on 20 July 2021, therefore the current year accounts are Group accounts and the prior year are Charity only. The subsidiary operates to distribute grants as part of the restricted project fund We Make Camden KIT to individuals. Transactions between the charity and the subsidiary are eliminated within the consolidated financial statements.
A separate statement of cash flows has not been presented for the Charity because the Charity has taken advantage of the exemption offered by FRS 102 for qualifying entities.
The Charity and Group meets the definition of a public benefit entity and group 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
Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The Charity and Group make estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results.
The Trustees do not consider there are any critical judgements or sources of estimation uncertainty requiring disclosure beyond the accounting policies set out below.
24
DocuSign Envelope ID: D9654AEB-6837-4D00-86F6-713895C87900
Notes to the financial statements for the year ended 31 March 2022
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.
Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the bank.
Fund accounting
Unrestricted funds are available to spend on activities that further any of the purposes of the Charity. Designated funds are unrestricted funds of the charity which the Trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the Charity’s work or for specific projects being undertaken by the Charity.
25
DocuSign Envelope ID: D9654AEB-6837-4D00-86F6-713895C87900
Notes to the financial statements for the year ended 31 March 2022
1. Accounting policies (continued)
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:
-
Expenditure on charitable activities includes grants awarded, activities 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.
Grants and grants payable
Grants payable are included in the Statement of Financial Activities when they are awarded and the beneficiary has been notified of the grant. The grant awarded is recognised as payable within one year or in more than one year based on the terms of the grant agreement. Where a beneficiary has subsequently failed to draw down the available grant and can no long meet the conditions of the award, the grant is cancelled and the creditor is released to the original fund from which the grant was awarded.
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 include audit, legal costs and the costs of meeting statutory requirements including preparing statutory accounts.). 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
26
DocuSign Envelope ID: D9654AEB-6837-4D00-86F6-713895C87900
Notes to the financial statements for the year ended 31 March 2022
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.
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.
27
Docusign En¥ÈlopÈ ID". D9654AEB-6837-4DOO-86F&713895C87900 2 Deialled crttnparthe$brthe StatemerffintIaI art1¥1¢$ (char) Resirlth 2021 In¢tsmefrom'. Gtant5and dUnatn5 275,49D 17,984 293,474 2,047,550 2,323,040 17,984 2,341,024 Investment income Total Income 2,047,550 fxpen¢ltureon'. charitableartrties support C05t5 IS7,077 82,270 1,428,033 1,585,ILD B2,270 239.347 1.421033 1.667.380 Net MO¥ementinfvnds 54,127 619,S17 673,644 fotalfund5 brou8htforw3rd Totalfund5 caTriedfot¥vard 214,054 268,181 58,901 67E,418 272,955 946,599 3 I0m*frOM don•tl(thsand 8r•nts GroLV tharfty 2021 Lln¥estri(ted 2022 Grant Inco 99,018 70.682 1.628 736 172.W 814.922 13.fy)0 1.858 913.940 83.682 3.486 736 i.fy)1.844 2.r5.6O2 220.351 17.668 19.419 Z.323.04Q Other Income Gfftald 829.780 Tota12021 275.490 2.047.550 2.323.040 4 Intomefrom Investsnent5 Group Restdcte n$trle 21 Interest retewab 10,144 10.144 10,144 10.144 17,984 17.984 28
Docusign En¥ÈlopÈ ID". D9654AEB-6837-4DOO-86F&713895C87900 5 Charltablextl¥ltles ntsawaTded othErpCSts stslfc051s Offi¢0$ts Othpr5tsff (05ts MarketY¥andattrfertL5ry ITaThYs0fwaTests 1324J)77 9573 24B524 14295 21415 268941 951J3l VJ3o)l 1585.110 Vnrtttrk ntsawarded OthprpmFrtc4sts 5fdff Easts 01+ke$ty 1324J)77 L324J)77 9573 148524 9J07 147970 ITandsoftrMrecasts 157P IA28 1585.1 A5UMmbryoflErants•WlddUthPYeari&r¥nmP&knI1 1TrI021£63A69dyartsvM 6 SupportC05ts Group 2022 Charlty 2021 Office tosts 21817 8,792 2,S86 2,190 19,276 10,414 72.075 18,958 15.462 i.ioi 21.873 15.276 Other staffc05ts MarketiTrgand aokrt55Ir8 and software costs AccountarKy costs Audltlees 82.270 JI coststh* Can be diretttyattrlbutableto Charitab activitles èrealhxated onthls b3s5s. Supportcosts are therefore all othercostswhlchcannot be ttrited toChantseattiitIÈs. 7 Net Sntornefortheyt¥r Gmup 2022 Charfty 2011 Thls Is Ststsd aftercharglng.. Depreclatlon Audltfees 2,S84 10,414 1,855 29
Docusign En¥ÈlopÈ ID". D9654AEB-6837-4DOO-86F&713895C87900 8 An$Staff¢O$tsandtruS*eeSrefftunertl0nandeXPenseS Gr¢ 20 (har Staff cost5.' S3knes3ndwage5 S1 securfty $ts Pensncst 24799 18.166 3J76 268,941 231118 12.687 3,719 2824 NbempknyeeeaMed(wer£INdrSlheYe3r(rlhe prforyear. The key managemen1onrl0I the (Thaty¥remn51deredtobetheTnjSteesandtDeCrry. ThetQtrlempeebeefftSlrUOn8 peI(CbVth)n$3nd tallSu[a[efrkeY man7geMentpe0nEla5 E47,64812021.. £45,32II. TheAvera8e nUMr(leMp•eÈSojrttheyearW£$3$fws'. thJrNv 2021 No 2022 140 Totsl TheTTrJe dnreeJrYrnuneTrtore5esIrOM(fvUritr¢ytrI2Q2l.. £nll. 9 Tan8lbleflxed assets Charlty equlprnEDt Cost At LAFYil ZOZI Arlditions 1,946 8.59D Al 31 March 2022 Depreciatio 3,189 2,584 5,773 Char8eforthe year At 31 March 2D22 Netbooklue Al 31 March 2D22 At 31 March 2021 2A17 3,455 30
Docusign En¥ÈlopÈ ID". D9654AEB-6837-4DOO-86F&713895C87900 10 DebtUW5 Grovp&ChJrttv 2W2 2Wi Trade dÈbtors 61190 3,129 19,589 2,978 619 23,186 P¥MentS Otrdebt0rs 6S,319 11 Crpdltors Gmup zo 2D2Z 2021 ArnOtsIlIlry dupth1n0¥r'. Trade creditar5 2.285 2,2È5 10,400 797,467 13,174 7,520 830,846 2,169 crua15 Grants 830,S79 1,224,708 Grants ptyètAetothe subsldiary Taxatlon and socSal securlty 7,520 8SO,784 5,701 1,242,178 ArntsI¥lllry duE Jfter onE yepr.. Granis payable 74.899 74.899 229.188 12 Grt5PAYbIe Grr 2012 2021 Owkn81tsnttommth)ent Grant5awarded ie5s' fjrantsc4nld LESS.. GrnntspayrnentsdurinBthEyear IA5396 880.747 1144WI 11,285mll IAS3M96 880.747 1144W41 I1J0519) L761,274 1324.077 I131,455) Cbslng graTht(CrfnMrneI 90S.478 885540 IA53.896 Anexer¢b5ewasUnaertakenthJrtt*¥earIc ioènvty irarteeswmwere nOere1¥hOl0rffie8rantsm3I1heV hèQ been previw5w awardeo,thlS re$LOin £144084of 8rantsbeiwcarKeledinthecuryentyear. 2022 GrJDtsty 2021 GrJDtsro Tahl TLtsI CarenFUr 5rKia1AcionFd FUtU3eMSkrFud KXETnpknytnentFund Equalty Fund IDdu5Ne Grants We M3keCAmden Kit Emergertycid Fund le K¥fLd Your% Eu51wVo 438,963 93501 105049 208,702 207,736 29 3002th) ios 170,151 764 207.736 29 3W200 105A50 233520 2,764 215 558 880.747 63J69 475,146 215 558 817378 2.315 1324,077 63,369 Afull b5tof 8ramsin2021112 i5gDiennth&TNtsesReyt 31
DocuSign Envelope ID: D9654AEB-6837-4D00-86F6-713895C87900
13 Analysis of group net assets between funds
| Group 2022 Fixed assets Net current assets Net non current liabilities Net assets Charity 2022 Fixed assets Net current assets Net non current liabilities Net assets Analysis of net assets between fund (prior year) - charity only Fixed assets Net current assets Net non current liabilities Net assets At 1 April 2021 Restricted funds: Camden fund 2 KX employment fund 59,976 Future Changemaker 182,035 City Bridge 12,500 Inclusive grants 106,250 Communities Idea - Communities Together 3,020 Panel Plus 3,739 Emergency Covid Fund 1 Equality fund 199,960 Social Action Fund 7,899 National Lottery Fund 34,720 Youth Employment 10,978 Young Euston Voices 56,588 Participation Advisors 750 We Make Camden Kit (excluding The Community Ideas Project C.I.C.) - We Make Camden Kit (The Community Ideas Project C.I.C. only) - Google KX - Total restricted funds 678,418 Unrestricted funds: General fund 268,181 Total unrestricted funds 268,181 Total funds 946,599 Group funds |
Income - - 57,687 46,250 - 3,435 - - 2,764 247,249 - 56,256 - 7,361 - 305,159 63,369 40,250 829,780 182,208 182,208 1,011,988 |
Unrestricted £ 2,817 227,378 - 230,195 2,817 227,378 - 230,195 2,710 265,471 - 268,181 Transfer (2) - 20,000 - - - - - (1) 50,000 - - - - - - - - 69,997 (69,997) (69,997) - |
Restricted Total £ £ - 2,817 701,155 928,533 (74,899) (74,899) 626,256 856,451 - 2,817 701,163 928,541 (74,899) (74,899) 626,264 856,459 - 2,710 907,606 1,173,077 (229,188) (229,188) 678,418 946,599 Expenditure At 31 March 2022 93,209 93,209 (29,904) 30,072 (197,735) 61,987 (47,500) 11,250 (104,712) 1,538 (1,106) 2,329 (782) 2,238 (3,739) - 236 3,000 (270,000) 227,209 1,500 9,399 (77,748) 13,228 - 10,978 (63,949) - (680) 70 (172,040) 133,119 (63,377) (8) (13,612) 26,638 (951,939) 626,256 (150,197) 230,195 (150,197) 230,195 (1,102,136) 856,451 |
||
|---|---|---|---|---|---|
14 Group funds
32
Docusign En¥ÈlopÈ ID". D9654AEB-6837-4DOO-86F&713895C87900 At31Marth lz AtIAFflllOII Tiar6fer Expwthe Pe5trkledfur45.' CAmdenfund KXeMPyffletfUd Fuiut2thangemaker 93209 119gD41 1197,7351 1475001 1104.7121 11.1061 93209 3072 61987 11250 1538 2329 2238 59976 I8235 12500 1&3250 57N7 46250 20IX)) Ir51¥e 8rants CommuDoes Idea Communrfae5T(vdether P¥nl Plu5 Effler4enLy COV Fut Equaltyfund scc01AthFUnd P&tbnal Lottery Fu Youth Empbym Youre Eusrwvokes P4rtscipation Advi5or5 We MakeCarndenKITlexrlLlkngTheCommunty Ideas Proiethci.ci We MakeC3rndEnKIT(ThpQxnmuw IdeaSp£t C.l.L 3A35 520 3.739 2.764 247249 136 199960 7ffj99 34.720 10978 56588 750 1270IXJ)I 1,5 177.7481 227209 9399 13J28 lo8 56256 73£1 1639491 70 305.159 1172WI 133.119 63369 40250 829.780 26h38 626264 Tokirestrktrdfu 678A18 69,997 1951,9311 Genetslfund T¢3ialwestrktedfts 268.181 26B.181 182208 182208 1150.1971 1150.1971 230.lgs 230.195 946599 I11987 856N59 Tte5 approvedthetrdll5ferofE20JKX)tothp FUChangeMakerfundrd£sD,ltQth& EquabtyfundtoenaFAethE tfytorant mwein P3ne15-thesE havebEenfulty3watd2d se th2yEarEnd. OthersmalitrènsfersweMédÈL0the Camden FUndarthÈEmetyertty CovidfundtoremLe p10$10UlW&tornC¥ethèffunds ts)£1. C•rKlled gr•nts The tsntrlled9rantssetOJt In 12 ha been retumedtothefund lalSed. Asa reSultscefunsuthas the Camden Fund, whithwere dosed, n(N4 have lut05.TheTtustee5wiII seektoawardgrnnt5aFVKoW4tefoTtairnS ofthe5efund5 thfUre. cau5irythe re5trictedfunthtobe £144.CKN)higherthantfvwou 33
Docusign En¥ÈlopÈ ID". D9654AEB-6837-4DOO-86F&713895C87900 M0Ment Infun¢ts Iprf(Jryearl- ¢harityonty At l April zoz At 31 March 2021 Income Tvansler Expendlture Restricted fund5'. Camden fund KX employmentfund FutureChan8emaker tity 8rid8e Inclu51ve 8rants Communities together 7,954 431.012 269,594 2SI.768 37,50D 105,850 1438.9631 1208,7021 1104,5651 132,5001 59.976 182,035 12,SCK) 106.250 3.020 3.739 24,833 7,5LKI 3,020 3,739 818 Emergency Cowd Fund Equalityfund 5¢clal Aaion Fund National Lottery Fund Youth employrnent Young Eu#on Voices Participation Athi50r5 Argent Heroes Totsl re5trirted funds 474.329 199,385 101.4 64.520 1475,1461 575 199,960 7,899 34.720 10.978 56.588 750 193,5011 129.8001 10,978 I,243 750 143.6551 1.2Th) 2,047.550 11.2001 11.428.033) 58.901 678.418 Unrestricted funds.. General fund Totrl unrestrlcted furbds 214,054 214,054 293,474 293A74 1239.3471 1239.3471 268.181 268,181 Totsl fund5 272,955 2,341,025 11,667,381) 946,599 Re5tr1ctedlundsare f0rthelolln8 purposeL' CamdeTh Fund Camden giving workingvmth H52 Ltd. andthe London Borou8h of Camden to disthbutefundingtoavilsouetyor8anisationsto.createa sense of plate, In communit*s afffertÈd by ihÈ dÈvelopmentof HS2 Ltd. ¥xeMprnettsJnd Thlsfund is rne poss[b byArgentand the London BDfoughof Qmden, itèlms th brfdgethe gèpbetween emplo¥ersand c[1 sotietyto securelobs fo¢tsmden rÈsidents. Futwectharymaker Th15fund almsto reduceyouthvlolence In Camden by8lvinB Brantsto mental heahh 5ervkesand proSectsthat provlde posltSve role rnodelsto people aged 16-25. Emer8enryCo¥ld Fund Th15fund wa5 createdto respond tothe impact ofcovld 19. 34
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