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← Camden Giving

2025-03-31-accounts

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Camden Giving Charity number: 1174463

Annual Report For the year ended 31 March 2025

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CAMDEN GIVING ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025

Contents

Reference and administrative information

Trustees’ annual report

Independent auditor's report

Consolidated statement of financial activities

Balance sheets

Consolidated statement of cash flows

Notes to the financial statements

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CAMDEN GIVING ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025

Reference and Administrative Information

Trustees: Simon Pitkeathley – Chairperson (resigned 28[th] November 2024) Robin Chu – Chairperson (appointed 28[th] November 2024) Allan Sutherland - Treasurer Dominic Pinkney – Resigned 22.04.24 Tom Holliss Graham Dyer Rose Alexander Nathan Dyke Vanessa Brown Franci Viviana Mariam Hassan Kate Wilson – Appointed 5[th] June 2024 Marco Greco – Appointed 5[th] June 2024 Director: Natasha Friend Charity number: 1174463 Registered office: Collective, 5-7 Buck Street Camden Town London NW5 2NJ Independent Auditors: Chariot House Limited Bankers: CAF Bank 25 Kings Hill Avenue Kings Hill ME19 4JQ

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CAMDEN GIVING ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025

The Trustees present their report and financial statements for the year ended 31 March 2025. 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

Camden now has the worst poverty rate in London (43%).

But citizens are standing up to take on these challenges, be that by running a project with funding from the We Make Camden Kit, or joining a grants panel to award for, or taking part in community research. No matter the challenge, be it youth safety, food insecurity or loneliness, citizens always rise to the challenge in Camden, over the last year we’ve been there to help them do that.

But we also need to do more to overcome the root causes of these issues. That’s why this year we completed an 18-month piece of research into structural racism in Kilburn and Somers Town. Race plays a significant role in the way you experience Camden and the research highlighted ways that racial injustices show up in early years, housing, safety and the job market. The funding for this work has come to an end, but we are developing an Anti-Racist Steering Group who can take this work forward.

We’ve navigated an increasingly difficult funding landscape, with donations under pressure and demand for our support at an all-time high. Yet, despite the challenges, we’ve managed to grow our impact. We awarded £949.186 in grants this year, directly supporting grassroots projects that tackle inequality, support mental health, celebrate identity, and build community resilience.

It’s not just about how much we give but how we give. We’ve invested in participatory grant making because we believe people with lived experience of inequality should be the ones shaping the solutions. This approach isn’t just more just, it’s more effective, getting funds to projects that are trusted and valued in Camden, like Khady’s Dream a youth safety project that’s received national awards and interest, but started with a young man who grew up in Camden and who was trusted by one of our community panels to receive his first grant from Camden Giving.

We’re also proud to be supporting the sector to think differently. We believe we have a huge opportunity and responsibility to influence the funding landscape across the UK. More and more funders are coming to us to learn how participation can transform outcomes. This year, we’ve expanded our consultancy work and will continue to use this income to fuel local change. By 2035, we want citizen-led funding to be the norm, not the exception. We’ve worked with the PGM Community of Practice, BBC Children In Need, Big Local and the Youth Futures Foundation to support their participatory grant making ambitions and diversify our income.

Our impact is best shown through stories. Like one grassroots organisation who, thanks to our Equality Fund, grew from a couple's side-hustle into a fully-fledged arts centre for young people from the Global Majority, aiming to support 1 million young people over the next 5 years. Or the local resident who joined one of our panels and told us she now believes her voice and opinion is heard as a disabled Bengali woman. These aren’t just nice anecdotes; they’re proof that systems change is possible when you trust people.

We also know the importance of looking inward. That’s why we’re improving our grant systems, refreshing our brand to better tell Camden’s stories, and creating peer support networks for our grantees because we know Camden’s community leaders are more powerful together.

We’re optimistic about the road ahead. Camden Giving is growing in confidence, clarity, and ambition. We’ve built strong relationships with businesses, community groups, and everyday citizens — and we’re ready to take our work further.

To everyone who gave, applied, volunteered, or simply believed in Camden's communities, thank you. You’re helping to build a borough where fairness isn’t just an aspiration, but a reality.

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CAMDEN GIVING ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025

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, 32% 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 several thriving business and intellectual communities: Kings Cross contains the UK headquarters of multi-national mega-companies such as Google. Camden Town is home to many 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.

Statistics for 2024/25

Income: £1,707,169 Grant awards: £949,186 Citizens involved in Decision-making: 121 Funders accessing our PGM consultancy: 28

Partnerships

We’re able to support citizens to take actions because of our partnerships with Camden-based businesses. During this period, we didn’t work with any external fundraisers, and no complaints were received.

In February & March 2025, Camden Giving undertook a partnerships review with our corporate partners to better understand our strengths and more importantly, how we can refine our approach to best serve our partners and the Camden community. Staying true to our participatory values, we invited 6 Alumni members to lead these interviews with 9 key stakeholders - Shaftesbury Capital | Argent | Google | Landsec | LabTech | British Land | Moonbug Entertainment | Central District Alliance - ensuring that community voices played a central role in shaping our future collaborations. This initiative further bridged the gap between businesses and local communities, strengthening relationships and reinforcing our commitment to equity and impactful change.

“It was good to meet the businesses that support Camden Giving and understand why they support the work. As a former resident panellist, it was great to meet the people behind the funds. We don’t usually get the opportunity to do so and this was an eye opener into how invested partners are in their communities” - Young Alumni Member

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CAMDEN GIVING ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025

Much of our value has come from building strategic partnerships between civil society and the private sector in Camden. A highlight in 2024/25 has been the continuation of our partnership with Google through delivering a series of interconnected programmes designed to strengthen grassroots leadership and build community resilience. Together we co-delivered the second year of the Community Leadership Programme, pairing local leaders with Google mentors and offering tailored workshops to support their development. This was complemented by CLP Grants for the community leaders who were part of this programme, to deliver joint projects tackling crisis and resilience, encouraging cross-sector collaboration. We continued to co-host a series of quarterly NGO training sessions, convening over 100 community representatives each time to explore digital innovation, AI, and practical skills for the voluntary sector.

We are now working on a new youth engagement initiative launched in partnership with Google, Young Camden Foundation, and Camden United FC, bringing underrepresented young people into the heart of event design and leadership through workshops and a co-created training day at Google HQ to deliver a community event later in 2025.

Thanks to our supporters we awarded grants totalling £949,186 in the financial year 2024/25, with thanks to longer term supports like Shaftesbury PLC, Landsec, British Land, Google, Auto Trader , Camden Council, Moonbug Entertainment, Argent, Paul Hamlyn Foundation, City Bridge Foundation.

Volunteers added significantly to our work during the financial period 2024/25. We would like to thank Tennyson from Zappi Store who provided his expertise to implement our Cybersecurity Action Plan and provides ongoing operational mentoring and support with IT, Systems and Cybersecurity processes. Catherine brings valuable experience in Trust and Foundation fundraising; she plays a key role in supporting our team to identify and explore new funding opportunities to deliver Participatory Grant making and has co-written funding applications that reflect Camden Giving’s values and commitment to community-led change.

Grant making

Our community-led model means that people who often feel they have the least power to influence decisions are the very people shaping the strategy of our grants, as well as making funding decisions. Our commitment to resident power, transparency, and sustainable local action ensures that our grant programmes continue to reflect the priorities and ambitions of the communities it serves.

In 2024/25, we worked with our Alumni to give them more power to shape the strategy of the We Make Camden Kit. Through a participatory voting process, the Alumni overwhelmingly supported the launch of a new Growth Grant stream, offering up to £5,000 for grantees who had previously received a smaller grant of up to £2,000 to scale their impact. This shift recognises the need for continued investment to support the long-term potential of resident-led and grassroots initiatives. The We Make Camden Kit not only supports ideas to take root but also recognising the value of supporting grassroots projects to grow and deepen their community impact.

We’re proud to celebrate the journey of one of our citizen grantees, who was first awarded a £2,000 We Make Camden Kit Seed Grant for his project Khadys Dream - a n initiative supporting young people to better understand the criminal justice system through educational sessions by partnering with Camden schools. Since then, his work has gone from strength to strength. Khadys Dream has since secured multi-year funding through our Future Forward programme and a grant from the Equality Fund - with decisions made by entirely separate panels, all recognising his potential and the critical impact the work is having on young people in Camden. He is now delivering workshops in prisons and has even spoken in Parliament, showing the power of early investment and communityled ambition to grow into systems-changing work.

We’re also working in partnership with The Social Change Nest – who act as a fiscal host - to ensure that citizens and informal groups, who might not have access to a bank account or formal governance structure, do not prevent them from accessing funding. 13 citizen-led projects through the We Make Camden Kit have been supported to access funding including Growth Grants, enabling more grassroots changemakers to take part without barriers.

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CAMDEN GIVING ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025

The following grants were committed during this financial year:

Google CLP Fund

Funded by Google, this fund was setup to support the Community Leadership Programme Alumni to deliver joint projects tackling crisis and resilience, encouraging cross-sector collaboration.

5 grants awarded: £20,000

5 grants awarded: £20,000
KCBNA £4,000
Grassroots Arts studios £4,000
Somalis In Tech CIC £4,000
Engage Here CIC £4,000
Set Them Up Foundation CIC £4,000

Future Forward Fund

The Future Forward fund, supported by Google.org., was setup to tackle crisis experienced by young people in Camden. The fund, created by a panel of 12 young Camden residents, helped shape the fund's name, criteria and awarded grants of £20,000 to £30,000 focussed on:

4 grants awarded: £100,000

4 grants awarded: £100,000
St Mary Community Centre £30,000
Coram's Field £15,330
Fitzrovia Youth In Action £29, 670
Khady’s Dream £25,000

Equality Fund

Camden Giving set-up the Equality Fund in 2020 to ensure that Camden’s community leaders, small charities and social enterprises could access unrestricted funding, enabling them to innovate and have greater capacity to become sustainable. A panel of 11 Camden residents awarded unrestricted grants of £30,000 to fund work that focussed on racial justice and disability rights and inclusion.

8 grants awarded: £240,000

8 grants awarded: £240,000
Clime It Brothers Academy CIC £30,000
Khady's Dream £30,000
Kilburn State of Mind £30,000
Action Youth Boxing Intervention £30,000
NW5 Community Play Project £30,000
Zone Twenty One (Creators House) £30,000
Urban Community Project £30,000
West Hampstead Women’s Centre £30,000

Equality Fund Camden Pound grants: £20,000

The Equality Fund Year 3 panel awarded Camden Pound grants to 8 of the prior year Equality Fund grantees - an additional grant of up to £2500 to use services and products from Camden rooted businesses, owned by Camden resident(s) from the global majority and disabled community.

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CAMDEN GIVING ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025

We Make Camden Kit

Total grants awarded: £371,912

The We Make Camden Kit is a partnership between Camden Citizens, Camden Council, Camden Giving, and Camden businesses. We're funding and supporting great ideas that will make Camden a better place. The goal is to help achieve Camden’s Core Missions by 2030; everyone eats well every day, young people have great opportunities, there’s diversity amongst people in power and we’re living in sustainable neighbourhoods.

Organisation Grants

69 grants awarded to organisations: £242,562 (39 of these were growth grants)

Below are the organisations grant awards grouped in the 4 Camden Core Missions:

Below are the organisations grant awards grouped in the 4 Camden Core Missions:
We Make Camden Mission Amount
Access to food for all £20,000
Representative Leadership £8,243
Eco friendly neighbourhoods £1,870
Opportunities for young people £100,215
Stronger Communities £112,234

The Community Ideas Project C.I.C supports 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 a subsidiary of Camden Giving via the virtue of common control and because of Camden Giving providing significant infrastructure support to ensure it meets its objectives.

67 grants awarded to individual citizens: £129,350

Below are the citizen grant awards grouped in the 4 missions that Camden Giving represent:

We Make Camden Mission Amount
Access to food for all £5,298
Representative Leadership £7,998
Eco friendly neighbourhoods £4,000
Opportunities for young people £25,386
Stronger Communities £86,668

We Make Chalcots Kit Citizens

The We Make Chalcots Kit is a neighbourhood community fund that celebrates the creativity, talent and knowledge of the Chalcots community. It gives money and additional support to Chalcots residents who have great ideas for their communities. The funding is distributed via the Community Ideas Project.

We Make Chalcots Mission Amount
Diversity in positions of power £8,000

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CAMDEN GIVING ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025

Big Local (Local Trust): St James Street Partnership

As the Locally Trusted Organisation for Big Local’s St James Street Partnership, we provided grant administration as part of our consultancy package to enable the awarding of their legacy grants. All grants were awarded independently of Camden Giving.

4 grants awarded: £189,274
Spark2Life £100,000
Waltham Forest Migrant Action £50,000
Friends of Stoneydown Park £19,344
Age UK Waltham Forest £19,930

Cancelled Grants

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. By the year end, we cancelled £30,500 in funding that will be redistributed for further community benefit through our existing grant fund programmes, comprised of £17,500 to the Equality Fund and £13,000 through the We Make Camden Kit’s Community Ideas Project. 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.

"Camden Giving is so special as an organisation that they bend over backwards to help beyond funding, make connections, and give you all the support you could need." - Camden Giving Grantee

Community Knowledge

In its first full year since being established in October 2023, Camden Giving's Community Knowledge Team has been dedicated to amplifying the voices of local residents and driving equitable change. With over 400 current members, Camden Giving’s alumni community is continuing to grow, and shape our strategic growth as an organisation. Through our alumni programme, we have been dedicated to keeping Camden citizen grantees and panellists engaged with our work beyond their time on a panel or a project, while also compensating them for their time and expertise.

3 alumni votes were conducted between Jan 2024 – Jan 2025, with a minimum of 100 alumni members participating in each. These votes helped 1) re-shape grant sizes and criteria for the We Make Camden Kit 2) identify areas where Camden Giving has been underserving 3) shape the initial structure of the fund and panel that would become Future Forward.

Through our ‘coffee and chats reporting’ format for the large grants programmes, alumni members have been leading on reporting and evaluation, by visiting and interviewing grantees at the end of funding cycles to understand and assess the impact of their projects.

We ran 3 career workshops for over 30 alumni members, with employees from our corporate partner Moonbug Entertainment guiding our alumni through CV writing, LinkedIn optimisation, and networking tips. Through sharing of weekly opportunities across our WhatsApp groups with alumni members, we have been supporting alumni with references to jobs, trainings, events, and funding support for community projects. 1-2-1 pastoral support continues to be provided to alumni members needing additional help with issues around housing, employment, or mental health amongst other things.

With funding and support from The Young Foundation and UKRI, and in partnership with BRAP, we completed the second phase of our community-led research into structural racism in Kilburn and Somers Town. Nineteen local community researchers led the work, using intersectional interviews and walking ethnographies to explore the root causes of challenges in civic participation, education, employment, housing, health, crime, and safety. In September 2024, we hosted a Citizen’s Assembly, where the research group presented their findings and recommendations to stakeholders from

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Camden Council, Camden Police, and local businesses. We’re now setting up an Anti-Racist Steering Group to oversee the implementation of recommendations from the community-led research and approve subgroup initiatives and allocate resources to ensure alignment with anti-racism goals.

“Through working with Camden Giving, I have realised we as residents have a say and impact on our surroundings and decision making processes for our day to day lives.” - Community Researcher

In partnership with Camden Council, we led an evaluation of the We Make Camden Kit to understand what’s working, where the gaps are, and the impact citizen-led ideas are having on local lives. Community researchers were trained to interview grantees and gather insights. Their findings will be shared at the We Make Camden Summit in May 2025 to shape the future of community programming.

We also worked in partnership with The Catalyst who funded a project to work with our Future Forward panellists and Alumni to co-design a digital decision-making tool (Elevate) to support participatory grant making. Alumni and panellists shaped the platform with a focus on accessibility, neurodiversity, and overcoming language barriers. By embedding community voices throughout, we showed how tech can be shaped by those it serves, building systems that are fairer and more inclusive. The Future Forward Panel piloted Elevate to make collective funding decisions on their grant awards.

PGM Consultancy

Alongside our grant making, community research and partnerships to strengthen the wider participatory infrastructure in Camden, we continue to be uniquely placed to influence and improve practice across the funding sector. Our consultancy services have grown significantly, supporting national and international funders to adopt participatory approaches within their own work. The income from this work directly benefits Camden’s communities, as we reinvest it into our own programmes. Through hands-on delivery and thought leadership, we supported 28 funders with consultancy and coaching support to embed participatory grant-making in their work, enabling a cultural shift in how decisions are made and who holds power in philanthropy, including:

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CAMDEN GIVING ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025

Looking ahead 2025-2035

As we moved into the financial year 2025, we acknowledged that inequality is worsening and fundraising is getting harder. We need every business and every citizen in this borough to play a role in supporting each other. We’ve learnt that participation can be a tool to make that happen.

At Camden Giving, our vision is to create a more connected and participatory Camden, where every citizen has the tools, power, and opportunity to address inequality. We believe that by 2035, Camden will be a place where citizens are more actively involved in driving social change. This is not just about funding; it’s about influencing the wider ecosystem, including businesses, government, and other institutions, to foster lasting, deep-rooted change. Our approach is built on continuously gathering community insights, allowing us to adjust our funding priorities as needs evolve.

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CAMDEN GIVING ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025

We’ve developed a model where we are constantly receiving community insight and that is shaping the outcomes we prioritise in the borough. The purpose of this strategy is to develop the skeleton of how citizens lead social change this is supported by institutions in the borough. The staff team have used the following insights to create this strategy:

Grant-Making

Community Knowledge

Partnerships

Influencing The Sector

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CAMDEN GIVING ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025

Financial review

Results for the year ended 31 March 2025 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 2025 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.

Going Concern

To assess whether Camden Giving is a going concern, the Trustees and Key Management Personnel, have considered the latest financial position of the charity alongside cashflow forecasts and budgets for the coming 12 months. Following scrutiny of these forecasts, the reasonableness of the key assumptions underlying their preparation and a review of the financial control processes in place to mitigate the risk of income generation targets not being met, the Trustees and Key Management Personnel believe that Charity remains a going concern.

Reserves 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 of four months or more of running costs (minus project costs and grant awards), this equates to approximately £238,000. 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 £236,000 that represents 4 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. 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 Robin Chu. 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 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 and ongoing training needs are met on an ad hoc basis.

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

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CAMDEN GIVING ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025

Risk Disclosure and Mitigation

The Director and Trustees confirm that the major risks to which the Charity is exposed have been identified and reviewed and systems established to mitigate those risks. The risk management review considered risks under the headings of Operations, Governance, Operational, Management, Reputational, Policy and Financial risks to the organisation, and the control procedures in place.

The following are considered to be the principal risks for the Charity for the year ahead:

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

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CAMDEN GIVING ANNUAL REPORT

FOR THE YEAR ENDED 31 MARCH 2025

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 2025 was 10. 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

The auditors, Chariot House Ltd, 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 on 29th September 2025 by;

……………………………………. ( xa.B5D77DD1FFC1478... by:

Allan Sutherland

Trustee and Treasurer

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INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF CAMDEN GIVING (CIO)

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 2025 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:

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.

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.

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INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF CAMDEN GIVING (CIO)

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:

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 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.

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INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF CAMDEN GIVING (CIO)

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:

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:

18

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INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF CAMDEN GIVING (CIO)

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and noncompliance with laws and regulations, we designed procedures which included, but were not limited to:

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.

[ ...................................... Shana546B8EF59938436... by: Dr Shona Wardrop C.A. (Senior Statutory Auditor) For and on behalf of Chariot House Limited

44 Grand Parade Brighton BN29 QA

Date: 29/09/2025

Chariot House Limited 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.

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CAMDEN GIVING CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITITES FOR THE YEAR ENDED 31 MARCH 2025

Note
Income from:
Grants and donations
3
Investment income
4
Total income
Expenditure on:
Charitable activities
5
Support costs
6
Total Expenditure
Net Income/(Expenditure)
7
Transfer between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
at 1 April 2024
Total funds carried forward
at 31 March 2025
14		 Group
Unrestricted
Funds 2025
£
517,570
23,355
540,925
379,916
154,325
534,241
6,684
9,240
15,924
218,408
234,332		 Group
Restricted
Funds 2025
£
1,166,244
-
1,166,244
1,410,143
-
1,410,143
(243,899)
(9,240)
(253,139)
487,481
234,342		 Group
Total
Funds
2025
£
1,683,814
23,355
1,707,169
1,790,059
154,325
1,944,384
(237,215)
(237,215)
705,889
468,674		 Group
Total
Funds
2024
£
1,456,461
29,734
1,486,195
1,358,057
105,459
1,463,516
22,679
-
22,679
683,210
705,889

The results shown above have been derived wholly from continuing activities. All recognised gains and losses are included in the statement of financial activities. Full comparative figures for the year ended 31 March 2024 are shown in note 2.

The notes on pages 23 to 40 form part of these accounts.

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CAMDEN GIVING CONSOLIDATED AND CHARITY BALANCE SHEETS

AS AT 31 MARCH 2025

Group Group Charity Charity
2025 2024 2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 9 4,086 2,604 4,086 2,604
Current assets
Debtors 10 263,951 174,326 263,951 174,326
Cash at Bank 720,300 1,002,906 718,409 979,928
Total current assets 984,251 1,177,232 982,360 1,154,254
Creditors: amounts falling due
within one year 11 (519,663) (354,207) (516,587) (330,082)
Net current liabilities 464,588 823,025 465,773 824,172
Total assets less current liabilities 468,674 825,629 469,859 826,776
Creditors: amounts falling due
after one year 11 0 (119,740) 0 (119,740)
Net assets 468,674 705,889 469,859 707,036
Funds
Restricted funds 13 234,342 487,481 234,342 487,481
Unrestricted funds 13 234,332 218,408 235,517 219,555
Total funds 14 468,674 705,889 469,859 707,036

The financial statements consolidate the results of the Charity and its subsidiary by virtue of control, The Community Ideas Project C.I.C which was set up in July 2021. The subsidiary operates to distribute grants as part of the restricted project fund We Make Camden KIT, for more information see notes 1 and 16.

A separate statement of financial activities has not been presented for the Charity. The movement of funds of the parent charity was a deficit of £237,177 (2024: £23,868 surplus).

Approved by the Board of Trustees and signed on their behalf by Robin Chu (Chairperson) on 29/09/2025

_____ ( xa.BSD77DD1FFC1478... by: Allan Sutherland

The notes on pages 23 to 40 form part of these accounts.

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CAMDEN GIVING CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2025

Cashflows from operating activities
Net cash outflow from operating activities
Cash flows from investing activities
Dividends and interest from investments
Purchase of fixed assets
Decrease in cash
Cash and cash equivalents at 1 April 2024
Cash and cash equivalents at 31 March 2025
a) Reconciliation of net income to net cash flows from operating activity
Net (expenditure)/income
Depreciation
Dividends and interest from investments
(Increase) in debtors
Increase/(decrease) in creditors
Net cash outflow from operating activities
b) Analysis of cash and cash equivalents
At 1 April
2024
£
Cash at bank and in hand
1,002,906		 2025
£
(302,116)
23,355
(3,845)
19,510
(282,606)
1,002,906
720,300
2025
£
(237,215)
2,363
(23,355)
(89,625)
45,716
(302,116)
Cash flow
£
(282,606)		 2024
£
(213,215)
29,734
(1,622)
28,112
(185,103)
1,188,009
1,002,906
2024
£
22,679
1,867
(29,734)
(166,426)
(41,601)
(213,215)
At 31 March
2025
£
720,300

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CAMDEN GIVING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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. All figures have been rounded to the nearest pound.

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 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 judgements 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.

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CAMDEN GIVING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. Accounting policies (continued)

Going concern

To assess whether Camden Giving is a going concern, the Trustees and Key Management Personnel, have considered the latest financial position of the charity alongside cashflow forecasts and budgets for the coming 12 months.

Following scrutiny of these forecasts, the reasonableness of the key assumptions underlying their preparation and a review of the financial control processes in place to mitigate the risk of income generation targets not being met, 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.

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CAMDEN GIVING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. Accounting policies (continued)

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.

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:

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 in exceptional circumstances can no long fulfil the requirements 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 all been allocated to charitable activities. No support costs have been allocated to cost of raising funds as they are not considered to be material currently. The bases on which support costs have been allocated are set out in note 5.

Operating leases

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

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CAMDEN GIVING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. Accounting policies (continued)

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

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.

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CAMDEN GIVING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

2 Detailed comparatives for the statement of financial activities (Group)

Income from:
Grants and donations
Investment income
Total income
Expenditure on:
Charitable activities
Support costs
Total Expenditure
Net income/(expenditure)
Transfer between funds
Total funds brought forward
Total funds carried forward		 Group
Unrestricted
Funds 2024
£
381,756
29,734
411,490
334,804
105,459
440,263
(28,773)
(70,103)
317,284
218,408		 Group
Restricted
Funds 2024
£
1,074,705
-
1,074,705
1,023,253
-
1,023,253
51,452
70,103
365,926
487,481		 Group
Total
Funds 2024
£
1,456,461
29,734
1,486,195
1,358,057
105,459
1,463,516
22,679
-
683,210
705,889

3 Income from grants and donations

Grant Income
Donations
Other Income
Gift aid
Total 2024		 Group
Unrestricted
£
268,950
106,754
137,712
4,154
517,570
381,756		 Group
Restricted
£
1,098,744
8,984
58,516
-
1,166,244
1,074,705		 Group
2025
£
1,367,694
115,738
196,228
4,154
1,683,814		 Group
2024
£
964,541
433,949
57,753
218
1,456,461
1,456,461

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CAMDEN GIVING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

4 Income from investments

Interest receivable
5
Charitable activities
Grants awarded
Other project costs
Staff costs
Office costs
Other staff costs
Equality fund
We Make Camden Kit
We Make Chalcots
Big Local St James Street
Future Forward
Google CLP		 Group
Unrestricted
£
23,355
23,355
Group
Unrestricted
£
-
35,389
344,527
-
-
379,916
Direct
charitable
activities
£
74,159
593,275
37,080
37,080
129,779
-
871,373		 Group
Restricted
£
-
-
Group
Restricted
£
918,686
334,940
156,205
312
0
1,410,143
Grants
awarded
£
242,500
358,912
8,000
189,274
100,000
20,000
918,686		 Group
2025
£
23,355
23,355
Group
2025
£
918,686
370,329
500,732
312
0
1,790,059
Support
costs
£
13,134
105,072
6,567
6,567
22,985
-
154,325		 Group
2024
£
29,734
29,734
Group
2024
£
694,742
213,938
445,117
4,223
37
1,358,057
Total
charitable
expenditure
£
329,793
1,057,259
51,647
232,921
252,764
20,000
1,944,384

Unless a cost is directly attributable to a specific fund, direct charitable activities and support costs have been apportioned based on the number of meetings undertaken by management during the year across each of the funds, which is considered the most appropriate method of apportionment. Support costs are attributable to grants awarded in line with spend.

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CAMDEN GIVING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

6 Support Costs

Support costs
Office costs
Other staff costs
Marketing and advertising
IT and software costs
Governance costs
Accountancy costs
Audit fees		 Group
2025
£
70,228
10,919
14,752
18,063
27,651
12,712
154,325		 Group
2024
£
45,053
9,386
15,233
2,181
20,282
13,324
105,459

All costs that can be directly attributable to charitable activities are allocated on this basis. Support costs are therefore all other costs which cannot be attributed to charitable activities.

Group Group
7 Net Income/(Expenditure) for the year 2025 2024
£ £
This is stated after charging:
Depreciation 2,363 1,867
Audit fees 12,712 13,324

29

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CAMDEN GIVING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

8 Analysis of staff costs and Trustees remuneration and expenses

Analysis of staff costs and Trustees remuneration and expenses
Staff costs:
Salaries and wages
Social security costs
Pension costs		 Group
2025
£
451,073
42,277
7,382
500,732		 Group
2024
£
401,902
37,088
6,127
445,117

One employee earned over £60,000 during the year (2024: One)

The Key Management Personnel of the Charity are considered to be the Trustees and the Director. The total employee benefits including pension contributions and national insurance for key management personnel as listed in the Trustee report were £77,673 (2024: £71,302).

Staff numbers

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

Group Group
2025 2024
No No
Total 11 10

The Trustees did not receive any remuneration or expenses from the charity during the year (2024: £nil).

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CAMDEN GIVING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

9 Tangible fixed assets

Cost
At 1 April 2024
Additions
At 31 March 2025
Depreciation
At 1 April 2024
Charge for the year
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024		 Group and
Charity
Office
Equipment
2025
£
12,057
3,845
15,902
9,453
2,363
11,816
4,086
2,604
10 Debtors
Trade debtors
Prepayments
Accrued Income		 Group
2025
£
11,122
5,255
247,574
263,951		 Group
2024
£
23,333
993
150,000
174,326		 Charity
2025
£
11,122
5,255
247,574
263,951		 Charity
2024
£
23,333
993
150,000
174,326

31

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CAMDEN GIVING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

11 Creditors
Amounts falling due within one year:
Creditors
Accruals
Grants payable (note 12)
Grants payable to subsidiary (note 12)
Taxation and social security
Amounts falling due after one year:
Grants payable (note 12)
12 Grants Payable
Opening grant commitment
Grants awarded
Less: Grants cancelled
Less: Grants payments during the year
Closing grant commitment		 Group
2025
£
5,848
13,192
479,517
-
21,106
519,663
-
Group
2025
£
447,467
949,186
(30,500)
(886,636)
479,517		 Group
2024
£
817
11,880
327,727
-
13,783








Charity
2025
£
5,848
13,192
460,539
15,903
21,105
516,587
-
Charity
2025
£
423,341
949,186
(30,500)
(865,585)
476,442		 Charity
2024
£
818
11,880
296,740
6,861
13,783
354,207 330,082
119,740 119,740
Group
2024
£
492,085
814,693
(119,951)
(739,360)
447,467		 Charity
2024
£
467,173
814,693
(119,951)
(738,574)
423,341

An exercise was undertaken during the year to identify grantees who were no longer eligible for the grants that they had been previously awarded, this resulted in £30,500 of grants being cancelled in the current year (2024: £119,951).

Analysis of grants awarded:

Analysis of grants awarded:
2025 2024
2025 2025 Total Total
Grants to Grants to Grants Grants
institutions individuals Awarded Awarded
£ £ £ £
Future Changemaker Fund - - - 321,620
Equality Fund 260,000 - 260,000 270,000
We Make Camden Kit 242,562 129,350 371,912 202,328
We Make Chalcots Kit 8,000 - 8,000 20,745
Big Local St James Street 189,274 - 189,274 -
Google CLP 20,000 - 20,000 -
Future Forward 100,000 - 100,000 -
819,836 129,350 949,186 814,693

A list of institutions receiving grants in 2024/25 is given in the Trustees Report.

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CAMDEN GIVING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

13 Analysis of net assets between funds

Group 2025
Fixed assets
Net current assets
Net assets
Charity 2025
Fixed assets
Net current assets
Net assets
Group 2024
Fixed assets
Net current assets
Net assets
Charity 2024
Fixed assets
Net current assets
Net assets		 Unrestricted
£
4,086
230,246
234,332
4,086
231,431
235,517
2,604
215,804
218,408
2,604
216,951
219,555		 Restricted
£
-
234,342
234,342
-
234,342
234,342
-
487,481
487,481
-
487,481
487,481		 Total
£
4,086
464,588
468,674
4,086
465,773
469,859
2,604
703,285
705,889
2,604
704,432
707,036

23

Docusign Envelope ID: 784ABA2A-06C2-40BF-8688-FB0366695B0ADocusign Envelope ID: EF797D83-5D08-48FD-9954-DC73CC708879

CAMDEN GIVING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

14 Movement in Funds

Movement in Group funds

At 1 At 31
April 2024 Income Transfers Expenditure March 2025
Restricted funds:
Youth Futures Fund
(Formerly Future
Changemaker) 582 - - - 582
City Bridge 11,250 33,750 - (45,000)
City Bridge Alumni 12,445 72,374 - (71,754) 13,065
We Make Chalcots Kit 8,071 - (71) (8,000) -
Equalities fund 197,737 130,517 - (242,500) 85,754
National Lottery Fund 9,387 34,978 - (36,260) 8,105
Participation Advisors 220 - (130) (90) -
We Make Camden Kit 210,911 251,437 (2,745) (358,903) 100,700
Islington Giving 2,500 250,000 - (252,500) -
Kilburn Research Project 34,378 22,000 - (47,398) 8,980
(formerly Young
Foundation Project)
Youth Futures - 16,016 (6,151) (9,865) -
Foundation
Big Local St James St - 189,274 - (189,274) -
-
WMCK Evaluation 11,420 2,745 (10,822) 3,343
Catalyst Tech Justice - 15,000 (2,888) (11,106) 1,006
Project
BBC Children in Need - 19,478 - (6,671) 12,807
Total restricted funds 487,481 1,046,244 (9,240) (1,290,143) 234,342
Unrestricted funds:
General fund 218,408 484,862 9,240 (478,178) 234,332
Total unrestricted funds 218,408 484,862 9,240 (478,178) 234,332
Total funds 705,889 1,531,106 - (1,768,321) 468,674

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Docusign Envelope ID: 784ABA2A-06C2-40BF-8688-FB0366695B0ADocusign Envelope ID: EF797D83-5D08-48FD-9954-DC73CC708879

CAMDEN GIVING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

14 Movement in Funds (continued)

Movement in Charity funds

Restricted funds:
Youth Futures Fund
(Formerly Future
Changemaker)
City Bridge
City Bridge Alumni
We Make Chalcots Kit
Equalities fund
National Lottery Fund
Participation Advisors
We Make Camden Kit
Islington Giving
Kilburn Research Project
(formerly Young
Foundation Project)
Youth Futures
Foundation
Big Local St James St
WMCK Evaluation
Catalyst Tech Justice
Project
BBC Children in Need
Total restricted funds
Unrestricted funds:
General fund
Total unrestricted funds
Total funds		 At 1 April
2024
582
11,250
12,445
8,071
197,737
9,387
220
210,911
2,500
34,378
-
-
-
-
-
487,481
219,555
219,555
707,036		 Income
-
33,750
72,374
-
130,517
34,978
-
251,437
250,000
22,000
16,016
189,274
11,420
15,000
19,478
1,046,244
484,862
484,862
1,531,106		 Transfers
-
-
-
(71)
-
-
(130)
(2,745)
-
-
(6,151)
-
2,745
(2,888)
-
(9,240)
9,240
9,240
-		 Expenditure
-
(45,000)
(71,754)
(8,000)
(242,500)
(36,260)
(90)
(358,903)
(252,500)
(47,398)
(9,865)
(189,274)
(10,822)
(11,106)
(6,671)
(1,290,143)
(478,140)
(478,140)
(1,768,283)		 At 31 March
2025
582
13,065
85,754
8,105
100,700
-
8,980
-
-
3,343
1,006
12,807
234,342
235,517
235,517
469,859

35

Docusign Envelope ID: 784ABA2A-06C2-40BF-8688-FB0366695B0ADocusign Envelope ID: EF797D83-5D08-48FD-9954-DC73CC708879

CAMDEN GIVING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

14 Movement in Funds (Continued)

Movement in Group funds (Prior year)

Restricted funds:
Camden Fund
Youth Futures Fund
(Formely Future
Changemaker)
City Bridge
City Bridge Alumni
We make Chalcots kit
Communities Idea
Equalities fund
National Lottery Fund
Participation Advisors
We Make Camden Kit
Islington giving
Young Foundation
Project
Total restricted funds
Unrestricted funds:
General fund
Total unrestricted funds
Total funds		 At 1 April
2023
-
53,896
11,250
13,783
29,703
1,705
201,228
9,414
920
44,027
-
365,926
317,284
317,284
683,210		 Income
-
268,188
45,000
65,110
-
-
90,750
41,413
-
482,544
2,500
79,200
1,074,705
411,490
411,490
1,486,195		 Transfers
(83,621)
(2,000)
-
-
-
(1,035)
145,759
-
-
3,000
-
8,000
70,103
(70,103)
(70,103)
-		 Expenditure
83,621
(319,502)
(45,000)
(66,448)
(21,632)
(670)
(240,000)
(41,440)
(700)
(318,660)
-
(52,822)
(1,023,253)
(440,263)
(440,263)
(1,463,516)		 At 31 March
2024
-
582
11,250
12,445
8,071
-
197,737
9,387
220
210,911
2,500
34,378
487,481
218,408
218,408
705,889

36

Docusign Envelope ID: 784ABA2A-06C2-40BF-8688-FB0366695B0ADocusign Envelope ID: EF797D83-5D08-48FD-9954-DC73CC708879

CAMDEN GIVING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

14 Movement in Funds (Continued)

Movement in Charity funds (Prior year)

Restricted funds:
Camden fund
Youth Futures Fund
(Formely Future
Changemaker)
City Bridge
City Bridge Alumni
We Make Chalcots Kit
Communities Idea
National lottery fund
Equalities fund
Participation Advisors
We Make Camden Kit
Islington Giving
Young Foundation
Project
Total restricted funds
Unrestricted funds:
General fund
Total unrestricted funds
Total funds		 At 1 April
2023
-
53,896
11,250
13,783
29,703
1,705
9,414
201,228
920
43,939
-
365,838
317,330
317,330
683,168		 Income
-
268,188
45,000
65,110
-
-
41,413
90,750
-
482,544
2,500
79,200
1,074,705
411,520
411,520
1,486,225		 Transfers
(83,621)
(2,000)
-
-
-
(1,035)
-
145,759
-
3,000
-
8,000
70,103
(70,103)
(70,103)
-		 Expenditure
83,621
(319,502)
(45,000)
(66,448)
(21,632)
(670)
(41,440)
(240,000)
(700)
(318,572)
-
(52,822)
(1,023,165)
(439,192)
(439,192)
(1,462,357)		 At 31 March
2024
-
582
11,250
12,445
8,071
-
9,387
197,737
220
210,911
2,500
34,378
487,481
219,555
219,555
707,036

37

Docusign Envelope ID: 784ABA2A-06C2-40BF-8688-FB0366695B0ADocusign Envelope ID: EF797D83-5D08-48FD-9954-DC73CC708879

CAMDEN GIVING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

14 Movement in Funds (Continued)

Transfers between funds

Trustees approved the transfer of the cancelled grants to be reallocated to other funds to enable the Charity to grant more awards in upcoming panel meetings, including £4,000 to We Make Camden Kit Evaluation fund from the We Make Camden Kit fund. There are small transfers to remove previous roundings to move the funds to £nil including where there has been a remaining balance to write off.

Cancelled Grants

A total of £30,500 in grant commitments we're cancelled in the year, including grants of £17,500 from the Equality Fund to be recommitted to the Equality Fund in 2025 and £13,000 from the We Make Camden Kit's Community Ideas Project to grant more awards in upcoming panel meetings. This funding will be redistributed for further community benefit through the existing grant fund programmes.

Restricted funds are for the following purposes:

Youth Futures Fund (Previously Future Change Maker)

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.

City Bridge

Funding towards our Director and Assistant Director Salaries.

City Bridge Alumni

Funding towards our Alumni manager’s salary.

We Make Chalcots Kit

Activities that increase the diversity of power and leadership.

Equalities Fund

The Equality Fund provides unrestricted funding of £30,000 over 2 years to grassroots charities and social enterprises that address inequality experienced by Camden residents due to Race and/or Disability.

National Lottery Fund

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

We Make Camden Kit

The We Make Camden Kit is a partnership between Camden Citizens, Camden Council, Camden Giving, and Camden businesses. The funding exists to support great ideas led by local people to help achieve Camden’s Core Missions by 2030; everyone eats well every day, young people have great opportunities, there’s diversity amongst people in power and we’re living in sustainable neighbourhoods.

Islington Giving

A partnership between Google, Camden Giving and Islington Giving to deliver locally focussed social impact work across Camden and Islington boroughs.

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Docusign Envelope ID: 784ABA2A-06C2-40BF-8688-FB0366695B0ADocusign Envelope ID: EF797D83-5D08-48FD-9954-DC73CC708879

CAMDEN GIVING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Kilburn Researchers Project (formerly Young Foundation Project)

Camden Giving is working in partnership with BRAP, with funding from the Young Foundation, to carry out citizen-led research on the root causes of structural racism within inner city environments, with a focus on Camden and Birmingham.

WMCK Evaluation

In partnership with Camden Council, we led a participatory evaluation project designed to inform future funding decisions of the We Make Camden Kit beyond 2025, to understand the We Make Camden Kit’s impact and explore its potential as a replicable model. It aimed to assess how the Kit contributes to “living a good life” in Camden and supports Mission delivery. We recruited 6 citizen researchers, alumni members part of previous We Make Camden Kit decision-making panels, to undertake combining quantitative analysis of Camden Giving data with participatory peer research, qualitative interviews with 31 grantees, a grantee survey and key stakeholder interviews.

Catalyst Tech Justice Project

We worked in partnership with The Catalyst who funded a project to work with our Future Forward panellists and Alumni to co-design a digital decision-making tool (Elevate)to support participatory grantmaking. Alumni and panellists shaped the platform and by embedding community voices throughout, we showed how tech can be shaped by those it serves, building systems that are fairer and more inclusive. The Future Forward Panel piloted Elevate to make collective funding decisions on their grant awards and it's now a community-owned tool that we will roll-out to our panels to support their decision making.

BBC Children in Need

Through our 'influencing the sector' strategy, we are working with the BBC Children In Need to deliver a tailored package of participatory grantmaking (PGM) support, including consultancy, recruitment, training, and grant facilitation, to help launch their first youth-led fund. Over the course of the next year, 10 young Londoners will lead the monthly allocation of core and project grants.

15 Related Party Transactions

During the year two Trustees gifted office space to the charity at no cost, the value of this gift in the current year was £56,039 (2024: £32,400), this has been recognised within both other income and office costs. Two of the trustees' employers donated £110,000 to the charity during the year. £31,190 of grant awards were made to an organisation that one of the trustees is a co-founder. During the year a grant award amounting to £29,670 was made to an organisation that one of the trustee's spouse controls. One of the trustees is a regular giver to Camden Giving and donated £600 to the charity during the year. Another trustee donated £1,314 during the year to cover panel refreshments.

16 Pension commitments

The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £6,127 (2023: £4,921). Contributions totalling £1,581 (2023: £nil) were payable to the fund at the balance sheet date and are included in taxation and social security creditors.

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CAMDEN GIVING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

17 Investments

The Community Ideas Project C.I.C. was incorporated on 20 July 2021 in England and Wales, this is a subsidiary of Camden Giving by virtue of common control. The registered company number is 13521090 and the registered office is 5-7 Buck Street, London, NW1 8NJ. The subsidiary operates to distribute grants as part of the restricted project fund We Make Camden KIT to individuals.

The year end of The Community Ideas Project C.I.C. is currently 31 March 2024, and those accounts are unaudited. The consolidation has been performed on a line-by-line basis with all transactions between the Charity and Subsidiary eliminated upon consolidation.

The subsidiary had income for the period of £124,372, which included £124,350 (2024: £152,831) received from Camden Giving and expenditure of £124,410 (2024: £153,421) resulting in a deficit for the period of £38 (2024: £590). It had assets of £17,793 (2024: £29,839) and liabilities of £18,978 (2024: £30,987) resulting in a net fund deficit of £1,186 (2024: £1,148). As at 31 March 2025 the Charity owed the Subsidiary £15,902 (2024: £6,861).

40