2025-06-30-accounts - Impact London Collective

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Impact London Collective

(Previously known as Impact 100 London)

Charity Registration No. 1109621

Report and Unaudited Financial Statements for the period ended 30 June 2025

Impact London Collective

Status: Charity registration No. 1209624 The Charity's governing document is its Trust Deed dated The charity is also known by the name of Impact 100 London previously Registered Office: 1 Wetherby Gardens London SW5 0JN Trustees: Erica Lyn Wax Lani Martin Sabine Chatin Independent examiner: Shruti Soni FCCA FCIE Shruti Soni Ltd Chartered Certified Accountants 117a St. John's Hill, Sevenoaks TN13 3PE

Trustees' Report for the year ended 30 June 2025

The financial statements have been prepared in accordance with the accounting policies set Charities Act 2011, and the Accounting and Reporting by Charities: Statement of accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland

Objectives and Activities

To promote any purpose which is charitable according to the laws of England and Wales, by making grants to registered charities which have a focus on women and girls. Impact London Collective (ILC) (https://www.impactlondoncollective.org/)is a volunteer-led initiative dedicated to strengthening philanthropic engagement by pooling resources and investing collectively in London-based charities that support marginalised women and girls.

Our Mission: To Enhance philanthropic engagement by pooling resources and investing collectively in charities benefiting women and girls.

Our Vision: An engaged community of donors contributing to a world where women and girls are safe, confident, and independent.

Our Model: Collective giving enables individuals to have a bigger impact by pooling resources and making informed, strategic funding decisions.

Our members - individual donors who contribute at least £1000 per grant cycle to a shared fund - collectively decide which organisations receive our grants.

Since our founding in early 2020, our 350 members (cumulatively) have awarded £1.25 million in grants to 21 local charities across six funding cycles. All of our grants are unrestricted and our large grants are multi-year.

Our Activities include:

Recruiting and retaining members; raising and pooling funds;
Hosting informational events and distributing informational materials for members and the wider community
Engaging members to volunteer with ILC; connect members with each other and with our grantees;
Performing due diligence on charities and selecting finalists;
Awarding grants through a democratic process;
Providing exposure for charities to membership and a broader community to support their needs (i.e. pro bono services, mentorships, trustees, volunteers, additional donations)

Achievements and Performance

Providing unrestricted funding to an overstretched and underfunded sector;
Shining a light on lesser known charities and educating/connecting donors
Leveraging our partners and members to provide much needed pro-bono support;
Breaking down barriers to access

Since our inception in 2020, we have awarded £1,250,000 cumulatively in grants to 21 local charities supporting women and girls.

In the year ending 30 June 2025, with 200+ members, ILC awarded a total of £350,000 in grants. The Annual Grant Fund of £250,000 was awarded to three charities - £150,000 over 3 years to Ella's, and £50,000 each to Beyond the Streets and Sophie Hayes Foundation.

A special fund in the amount of £100,000 was raised during 2025 to celebrate the 5th year of ILC. Eight grants of £12,500 each were awarded to former grantees: Birth Companions, Clean Break, The Girls Network, Rights of Women, Women for Refugee Women, Wom

In the year ending 30 June 2025, we hosted numerous events - both live and online - and distributed 10+ newsletters - with the purpose of shining a light on our grantees and connecting our members with each other with our grantees. Some examples of events include: our launch event in October 2024 which featured 5 of our grantees and

hosted 85+ members and supporters; our Annual Coffee and Conversation in November event in June 2025 which featured our three 2025 finalists. In addition, we published 5 progress reports on the grantees we were currently funding which outlined findings from our impact reporting - as well as 3 executive summaries on our 3 2025 finalists which outlined key findings from our due diligence. All reports are distributed to our members and posted on our website (password protected).

In addition to funding, members and partners have donated thousands of hours of pro bono support to our grantees across a variety of activities, including:

Executive coaching sessions
Workshops & bootcamps
Career introductions & networking

We are committed to expanding access and broadening and diversifying our community through sponsored membership initiatives, ensuring more voices contribute to our mission. In 2025, over 20% of our members were sponsored by grants or by other members.

Statement on Public Benefit

In shaping our objectives for the year and planning our activities, the trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit and have complied with section 4 of the Charities Act 2011

Financial Review

During the year ended 30 June 2025 Impact London Collective reported total income of £594,372 and total expenditure of £383,481, resulting in a surplus of £210,891 for the year.

Impact London Collective was previously hosted by Prism the Gift Fund until it was established as an independent charity in August 2024. During the year, £293,217 held by Prism on behalf of Impact London Collective was transferred to the charity. Of this amount, £251,786 is restricted for grant-making purposes.

membership contributions and donations.

Expenditure was primarily incurred on grant-making activities in furtherance of the

, together with administrative and governance costs required to support

Structure, Governance and Management

ILC is a Charitable Incorporated Organisation (CIO) with a Foundation Constitution and is registered in England and Wales with the Charity Commission, Charity #1209624

: The Trustee Board consists of 3 trustees, each who have been appointed for a 3 year term. The charity trustees appoint one of their number to chair their meetings. There is no limit on the number of trustees and no formal policy regarding the maximum number of terms a trustee may be appointed for. All resolutions require agreement by a 75% majority of those trustees voting at a general meeting. For resolutions in writing, a simple majority is required.

ILC is a volunteer run organisation. Members form the leadership team and grants team and also lead projects. The current leadership team includes 8 individuals with significant expertise in finance, policy, governance, and charitable organisations. The grants team is composed of leadership as well as general members with substantial and relevant expertise. The current grants team includes 4 members of leadership and 2 general members. There are an additional 5 members leading project

General operating procedures: Decisions regarding general operations are made based on leadership vote at regular progress meetings or by designated leads. As appropriate, recommendations are given to the trustees for formal resolutions (ie external contracts or appointments, expenditures). Trustees, also being on leadership , are present at regular progress meetings and are therefore aware of operating decisions.

Grantee Selection Procedure: The leadership team and grants team use a democratic process to select charities to be invited to apply for grants and then subsequently selected to receive a grant. These recommended selections are then provided to the trustees who formally approve the selection via written resolution or at a general trustee meeting. Allocation of Grant Funds: The amount of the grants available, the form and terms, are approved by the trustees based on recommendation from the leadership and grants teams. All members of ILC are given the opportunity to vote on which of the charity finalists presented by the grants team receives the main ILC grant, the other grantee finalists receive the merit grants.

Reserves policy

The trustees have established a reserves policy to maintain unrestricted reserves of £15,000, equivalent to approximately six months of operating costs, to ensure the charity can meet its ongoing commitments and manage cash flow fluctuations.

At the year end, total reserves amounted to £210,891, comprising:

£150,499 restricted funds designated for grant-making.
43,469 designated funds relating to sponsoring members and Events;
and
£16,923 unrestricted general funds.

The trustees consider the level of reserves at the year-end to be adequate to support the

Financial Controls and Risk Management

The trustees are responsible for ensuring that appropriate financial controls are in place. Financial oversight is provided by the Treasurer and the trustees, with financial records maintained and reviewed on a regular basis. The accounts for the year were subject to independent examination

governance arrangements.

Future Financial Outlook

The trustees recognise that the charity may face funding challenges in the coming year. strategy to strengthen income diversification and ensure financial sustainability. The trustees remain committed to prudent financial management and to maximising the funds available for charitable grant-making and programme delivery.

Plans for Future Periods

We plan to continue with all of the activities outlined - our goal is to raise and award £2 million (cumulatively) to local women and charities by 2028.

Statement of Tru3tee5' Respon31bllltle3 The trustéos arg rgspon$ibl¢ for preparlng tho Tru8180$' Annual R8port #nd th8 finAfiCI81 $18tements in accordance with applicable law 8nd United Kin8dom Accounting standards (United Kingdom Conorolly A¢¢opt¢d Accounting Practice). The Law applic8ble to ch8rities in Engl8nd & Wales requires the truste88 to prepafe tinancial statèments tor e8ch tinancialyear whlch glvo a truo and fair wow of the st8t8 of affairs otthe charity and of the incoming resources and application of resourcé8 of the ch8ritytorth81 period. In prep8rin8 th6se financial 8t8iements. the trustees 810 requir8d 10: aiseieu suitable accounting pokncies and applythem conslstently; blobserve the m&thods Bnd princlples in th8 Charities SORP: clmake judgments and 8ccounling estimates that are reasonable and prudent: dlstaie whether applicable UK 8ccounting standards halt been followed. subject to any mgt8rig1 dgpgrturo$ di$¢losod gnd gxpialned in th• fingncigl staiements: elpTepare the fin8ncial statemonts on the going Concern basis unless it is inappropriale to presume that the Trust will continue in oper81ion. The Tru6t0¢$ arg f6$pon$iblo tor kooping propar occounting re¢ord$ Ih¥t arg sufficignt to show 8nd explain the Charity's Iran5aCtions and disclose with feasonable aceuiacy at 8ny time the fin8noial poaition ol the Chority ond onobl(t th¢m to ensuro thot tho finoncitsl statement8 complywilh tfie Charrties Act 2011. thè Charity IAccounis and Report81 Regulations 2008 and th* pTovlsionJ ofihe tru8t deed. They are alJo responjible lor safeguardin8 the 8sgets of the Charity8nd hence for taking reasonable 8teps for th¢ pVeni10n and O¥t¥tsilvii ol fruud aiid olhtsw iiwtr8uLaiilies This reportwas approved bylhe Tru8tee8 on ffl.rtH.// .&and sign¢d on their behalf by.. Signed N8mA L4NI Scanned with cs (I CamScann•r-:

Independent Examinerfs Report to the Trustees of Impatt London Collertive I report on the financial siatements of the company for the year ended 30 June 2025 as set out on pages IOto20. Responsibilities and basis of port As the charity's trustees you are responsible for Ihe preparation of the accounts in accordance with the requirement5 of the Charities Act 2011 I'the Act,). I report in respect of my examination of the charity's accounts carried out under sertion 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 1451511bl of the Act. Independent examinerfs statement Since the company's gross income exceeded £250.000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake rhe examination because l a member of Association of Chartered Certified Accountants, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause io believe that in any material respect". accounting records were not kept in respect of the charity as required by section 130 of the Act., or the accounts do not accord with those records.. or the accoun(s do not comply with the applicable requirements concerning the form and content of accounts ser out in the Charities (Accounts and Reponsl Regulations 2008 other than any requirement that the accounts give a 'true and fair view, which is noi a mailer considered as part of an independent examination I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Shrutl Sonl ACCA Shruti Soni Ltd • Chartered Certified Accountants 117a St. John's Hill, Sevenoaks TN13 3PE Date. 20 March 2026

Impact London Collective Statement of flnanclal acrlvltles (incorporating an income and expenditure account) For the ear ended 30 June 2025 2025 Total Unrestricted Restricted Note Income from.. Donations and legacies Charitable activities Event Income Investments- bank interest 219,112 365,256 584,368 4.746 1 .850 3,408 8,154 1,850 Total Income 225,708 368.664 594,372 Expendlture on: Raising funds Charitable activities To benefit women and girls in London 6.759 6,759 133.693 243,029 376,722 Total expendlture 140.452 243.029 383,481 Net Income l (expendlture) for the year Net movement In funds 85.256 125.635 210,891 85,256 125,635 210,891 Reconclllatlon of funds.. Total funds brought forward Total funds carrled forward 85,256 125,635 210.891 All of the above resulrs are derived from continuing acrivities. There were no other recognised gains or losses other than those stated al)ove. Movements in funds are disclosed in Note 12 to the financial statements. 10

ImpKt LoThJon Collectlve 30 une 202 2XS Dtbi¢xs Cash ar bank and in hand 7,403 3x438 405.841 Llabllths: Crodittsrs. arnounts fallin9 du• tmth¢n M• y4ar l H.950 210.J91 Totsl not 455ers i 210,891 Rt51ricted Income funds 150.499 UnresiricTed Income fund5'. Ot519naied lunds General fvnds 43,469 16.923 Total unres¢ri¢ted funds 50.392 T4td chlty funds 210.891 rusiee Name. LAVI Y77ArtTrMJ Dale. rtIAÉL/4 11 11 Scanned with cs (I CamScann•r-:

Impact London Collectlve Statement of cash flows For the ar ended 30 une 2025 Note 2025 Cash flows from operatlng actlvltles Net cash provided by l (used in) operating activities 396.588 Cash flows from Investlng actmtles: Dividends, interest and rents from investments Proceeds from the sale of fixed assets Purchase of fixed assets 1,850 Net cash provided by l (used in) investing activities 1.850 Change In cash and cash equlvalents the year 398,438 Cash and cash equivalents at the beginning of the year Cash and cash equlvalents at the end of the year 398.438 12

Impact London Collective Notes to the financlal statements For the ar ended 30 une 2025 l Accountlng pollcles a) Basss of preparatlon The f inancial statements have been prepared in accordance with 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 IFRS 1021 {effective l January 2019) - (Charities SORP FRS 102 1 A), the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102), the Charities Act 2011 and UK GAAP. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note. The f inancial 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 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 IFRS 1021 issued on 16 July 2014 rather than the Accounting and Reporting by Charities.. Statement of Recommended Practice effective from l April 2005 which has since been withdrawn. b) Publlc beneflt entlty The charitable company meets the def inition of a public benefit entity under FRS 102. ¢ Golng concern The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern. The trustee5 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. d) Income Income is recognised when the charity has entitlement to the funds, any performaftce conditions atrached to Ihe income have been met, it is probable that the income will be received and that the amount can be measured reliablv. fel Interest recelvable 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. n Fund accountlng Restricted f unds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund. Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes. Designated f unds are unrestricted funds earmarked by the trustees for particular purposes. g) Expenditure Expenditure is recognised once there is a legal or construrtive obligation to make a payment to a third party, it is probable that sertlemenr will be required and the amount of the obligation can be measured reliably. 13

Impact London Collective Notes to the financlal statements For the ar ended 30 une 2025 i) 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 discou nts due. k) Grant making Grant expenditure is recognised when Ihe chariiy has a preseni obligation to make a payment to the recipient. the obligation is unconditional. and the amount can be measured reliably. Where grants are subject to conditions that musi be met by the recipient before payment is due or relate to Specif ic financial years, expenditure is recogni5ed only when those conditions have been satisfied. Grants payable at the balance sheet date are included within creditors. Grant cornmitments that are not due and conditional and not yet recognised as liabilities are disclosed as contingent liabilities. J) Contlngent Ilabllltles Grant commitments that are not due and conditional and not yet recognised as liabilities are disclosed as contingent liabilities. 2 Income from donatlons and legacles 2025 Total Unrestricted Restricted Memberships Donations Gift aid 325,669 7.637 21,950 325,669 229,249 29,450 211.612 7.500 219.112 365,256 584.368 Prism The Gift Fund hosted Impact London Collective IILCI untill it was set up as a separate charity in August 2024. £ 293,217 held by Prism on behalf of ILC was transferred 10 ILC during Ihe year. Included in the above is £239,2 50 received towards memberships, £41 ,684 towards donations. £4,746 towards events income and £7.537 received through grants from Prism. Donations include a gift in kind of totalling £22,146 were received during the year, comprising pro bono professional services and donated facilities in support of the charity's consultancy activities and social events. 3 Income from charltable actlvltles 2025 Total Unrestricted Restricted Social event5 4,746 3.408 8.154 Total income from charitable activities 4,746 3,408 8.154 14

Impact London Collective Notes to the financlal statements For the ar ended 30 une 2025 4 Income from Investments 2025 Total Unrestricted Restricted Dividend Bank interest 1.850 1.850 1.850 1,850

Impart London Collective Notes to the financlal statements For the r ended 30 une 2025 5 Analysls of expendbture Charitable activities To benefit women and Cost of raising funds Support cost5 London 2025 Total Grant making (Note 61 Fundraising Maketing and communication Overheads and office admin costs Professional fees Independent examination Social event5 340.000 340.000 1.459 10.600 2.132 21.680 1,650 5.960 .459 5.300 5,300 2,132 21.680 1.650 5,272 688 6,759 340.688 36,034 383,481 Support Costs 36.034 136.0341 Total expendlture 2025 6,759 376.722 383.481 Professlonal fees Include a donatlon In klnd valued ai £7.200. representlng pro bono professlonal services provided towards the development of the charity's new policies and governance documentation. 16

Impart London Collective Notes to ihe flnandal s&itements For the ended 30 une 2025 Grani and donatlon rnaklng 2025 Grants mad* to Instltutlons and charltles Beyond rhe Streei lio raise awareness of ihe sex indusiry and survival sex, challenge the societal norms ihai perpeiuare harm, rransform responses by providing direci support. shaping policy. and eouipping others to take action.) 50,000 Centre for Women's Justice lio hold ihe stale to account and challenge discrimination in the criminal justice system around male violence against women and girls.) 50,000 Sister Sy5tern (to help wornen achieve a life free of abuse. with good menial health, such that they re-engage with educaiionl 40.000 Ella'5 Home ITO ensure women survivor5 of trafficking and exploitaiion have all they need ¢0 recover and build lives thai are safe and free. 50,000 Sophie Haye5 Foundation Iprovide various pro9rammes includin9 an Employability programme, Conversaiional English lan9uage Courses. and our survivor communiiy CREW (Creative Resilieni Empowered Women) 50,000 The Glrls Network lio ensure unlimited fuiures for all glrls regaidless of Income, gender or background) 12,500 Wornan'5 Trust (To help any woman in London affecied by doma51ic abusel 12,500 Wornen for Refugee Women (Raising awareness of Ehe injysiices experienced by asylum-seeking and refugee women in ihe UKI 12,500 Working Chance (help women with convictions to develop the confidence. skills and self-belief ihey need io overcome barriers) 12,500 Women at the Well Ilong-term wraparound support for women facing disadvantages, with a specialism in responding io ihe needs of women in prosiiiuiion and oiher forrns of sexual exploiraiionl 12,500 Rights of Women lio advise, educaie and empower women) 12,500 Birth Companion (focus on women caught up in the crfjminal Justice. immigration and children's social care systemsl 12,500 Clean Break (raise difficulr questions. inspire debaie, and help to effeci profound and posiiive change in the lives of women who are criminali5ed. I 12.500 At the end of the year 340,000 17

Impart London Collective Notes to ihe flnandal s&itements For the ended 30 une 2025 Relaied parry transactlons The charity trustees were not paid or received any other benefits from employment with the charity in the year. No chariry irusiee received paymeni For professional oi orher seNices supplied ¢0 the charitv. There were no paymeni oi reimbuisemeni of iravel and subsistence costs io any irusiees duiing the year. No trustee tsr other person related to the charity had any personal interest in any contractor transaction entered into by the charity during the year. Of ihe total donations of £23,600, E23,000 from iwsiees were restricred for grant-making. The trustee5 take part in the day to day running and management of the Charity. Taxatlon The charitable company is eyempr from corporaiion tax as all irs income is chariiable and is applied for charitable purposes. Debtors 202S Accrued income 7.403 7.403 10 Credltors.. amounts falllng due wSthln one v 2025 Accruals 194,950 194,950 I l Analysls of net assets beThYeen funds ai the end of 30 June 2025 General unresiricted Designated Resiricied Toial fund5 Ner current assers 16.923 43,469 150,499 210,891 Net a55et5 at the end of the year 16.923 43.469 150.499 210,891 18

Impart London Collective Notes to ihe flnandal s&itements For the ended 30 une 2025 12 Movements In funds l 6-**g-24 Expenditure Transfers 30-Jun-25 Restrfrted fvnds.. Granr making Events 365.156 3.508 {240.0001 13.0191 24.854 150,010 489 Total restrfcted funds 368.664 1243.0191 24,854 150,499 Unrestrfcted funds: Designated funds.. Sponsorship Inspire Fund Events 38.000 102,870 4,746 38,000 723 4.746 {102.1471 Toial de5ignared fund5 145.616 {102.1471 43,469 General funds 80.092 138.3151 124.8541 16,923 Total unrestrtcted funds 225.708 1140,4621 124,8541 60,392 Total fvnds 594.372 1383,4811 210,891 19

Impart London Collective Notes to ihe flnandal s&itements For the ended 30 une 2025 12 Movernents in funds Icontinued) Purposes of resirlcted funds Funds are restricted to grani making. Transfers Include: Transfer represents income received for grant paymenis provided by fundin9 inslltutions. Transfers from restricted funds tts general funds agreed with funders 13 Contln9ent Ilabllltles Ar 30 June 2025. the charity had entered inio grani agreements with a number of organisations under which funding is payable in instalments over future financial periods. At the balance sheei dare, certain 9ranrs had been approved by ihe trusiees bui were noi yet due for payment. Payment of the ouisianding Illstalments is condilional upon the 9rani recipienis meeting the ierms and conditions set out in the relevant grant agreements. The outstanding commitments have not been recognised as liabilities in the balance Sheet and are di5c105ed a5 contingent liabilities in accordance wirh rhe Chariiies SORP IFRS 1021. The ioial amouni of grani commiirnen15 due wiihin one year noi recognised in ihe balance sheet at 30 JuThe 2025 wa5 £ 100.000 and due afier one year was £ 50.000 14 Reconclllailon of net Income I lexp¢ndtture) ¢0 net cash Ilow from operatlng aalVI¢S 2025 Net Income I lexpendlture) for the reportlng perlod las per ihe siatement of financlal aaivltles) Depreciation charges (Gainslllosses on invesrmenrs Dividends, interest and reni from Investments Write back share capital Ilncreaselldecrease in stock5 Ilncreaselldecrease in debiors Increaselldecreasel In creditors 210.891 11,850) 17,403) 194,950 Net cash provlded by operailng aalvttles 396.588 15 Analy515 of cash and rash equlvalents Ai 16 Augus1 2024 Other changes At 30 June 2025 Cash flows Cash in hand Notice deposits (less than three months) Overdraft Facility repayable on demand 398.438 398,438 Total cash and cash equivalents 398,438 398.438 20