## **Annual Report and Financial Statements 2024** **CHARITY NO. 288102** **COMPANY REGISTRATION NO. 01762007** 2 Urbanwise.London Limited Annual Report and Financial Statements 2024 | ## **Table of Contents** General information………………………………………………………………….….…. 3 Chair’s Statement…………………………………….…………………………….………. 4 Trustees’ Report…………………………….…………………………………………….…. 5 Director’s Report…………………………….………………………………………………. 11 Independent Examiner’s Report……………………….….……………………………. 15 Statement of Financial Activities………………………….……………………………. 16 Balance Sheet…………………….………….………………………………………………. 17 Statements of Cash Flow…………...…….………………………………………………. 18 Notes to the Accounts…….……………….………………………………………………. 19 3 Urbanwise.London Limited Annual Report and Financial Statements 2024 | ## **General Information** LEGAL STATUS Urbanwise.London Limited is a company limited by guarantee, not having share capital, governed by a Memorandum and Articles of Association. COMPANY SECRETARY AND STAFF DIRECTOR Moya O’Hara INDEPENDENT EXAMINER Working Name / Title: Urbanwise.London (The Urban Studies Centre) PRINCIPAL ADDRESS Canalside Activity Centre Canal Close Ladbroke Grove London W10 5AY Fiona C Hatchman, Director, Additions Accountancy (Grantham) Ltd. Barn End, Grantham NG33 5EA BANKERS Lloyds plc Ealing London W5 TRUSTEES Mike Lachowicz (Chair) Hilda McCafferty (Vice Chair) Mary-Louise Wedderburn (Treasurer) Sarah Collinson Katy Jack John Kain Chloe Kenny Mahbuba Khan Jordana Smith 4 Urbanwise.London Limited Annual Report and Financial Statements 2024 | ## **Chair’s Statement** Urbanwise.London is now in its 41st year, having started out as Hammersmith and Fulham Urban Studies Centre in 1983, working mostly with schools. Over the years, Urbanwise has expanded our range of services, and now includes a wide variety of environmental and heritage projects with schools, local residents and community groups of all ages. It has been a busy and productive year, and one in which we were able to explore and develop new partnerships and project work linked to our canalside location. Our established work with Hammersmith and Fulham, Kensington and Chelsea and Westminster also progressed well with schools and local community groups. The ‘Children’s Environmental Parliament’ project with five Kensington and Chelsea and five Hammersmith and Fulham primary schools took place during the spring term, culminating with a lively event in Kensington Town Hall. Our ‘Hammersmith and Fulham Mudlarks project’ engaged six primary schools throughout the summer term, focusing on pollution issues of the River Thames and Grand Union Canal. These key environmental projects were supported by a range of specialist partner organisations and contributed to local authority action on climate change. The ‘Active Local Learning’ programme for Hammersmith and Fulham schools was very popular this year, enabling young people to explore their local area and experience outdoor hands-on learning. Local studies sessions were also provided for primary schools in Kensington and Chelsea, Westminster, Brent, Hounslow, Ealing and Camden. During the school holidays our School Holiday Clubs at Old Oak Community Centre were busy connecting children with nature and healthy living, and we were also pleased to support London Sports Trust ‘Safe Camps’ at Canalside Activity Centre. The ‘Discover Your Scrubs!’ project, supported by HS2 Community and Environment Fund, enabled us to link up local children in the Old Oak and College Park areas of Hammersmith and Fulham more closely to Wormwood Scrubs, the borough’s largest green space. The project will be running for a further year. We were pleased to contribute to a local partnership working on Kensington and Chelsea’s Future ‘Neighbourhood 2030’ project which aims to make Notting Dale a more sustainable place to live. We are looking forward to working with local schools in Phase 3 of the project soon. This year we delivered two community programmes in Westminster: ‘Discover Your Westminster’ supported by the Westminster Adult Education Service, which has been running for a few years, and a new project ‘Discover and Share’ funded by Westminster Community Priorities programme. ‘Discover and Share’ aimed to improve wellbeing through connecting people from different communities to spend time together exploring culture, heritage and art. Our ‘Towpath Tales’ project, funded by the Greater London Authority, finished this year. Local residents, school students and community groups made their own discoveries along the towpath of our local canals, through walks, boat trips, art workshops, kayaking and visits to places of interest. Some residents shared their own stories of living near the canal which you can find on our website along with a new trail. ‘Wren’s London 300’, supported by National Lottery Heritage Fund, celebrated the life and work of Sir Christopher Wren in the 300th year since his death and involved schools, community groups and local residents. A programme of art workshops, city church walks and visits to exhibitions at St. Paul’s Cathedral and the Guildhall brought people a greater appreciation of this significant English architect. In the coming year we are starting our new Greener Canalside project thanks to support from City Bridge Foundation and in partnership with London Sports Trust. The project aims to engage volunteers in transforming our local canalside environment into a cleaner and greener place. This autumn, we said goodbye to Carlos Izsak, who had been our education officer for eight years and made such a great contribution to Urbanwise during that time. Carlos left us to join Hammersmith and Fulham Council’s Climate Team, so we hope to continue working with him, albeit in a different capacity. We were pleased to welcome Michelle 5 Urbanwise.London Limited Annual Report and Financial Statements 2024 | Lindson, an experienced environmental educator, previously of Haringey Council, in November as our new Education Officer. At our AGM, we also welcomed Sarah Collinson to the Board of Trustees. Sarah is a teacher at John Betts Primary school in Hammersmith, who has worked with Urbanwise for some years. I would like to thank staff, trustees and volunteers for their hard work and commitment this year. Thank you also to our funders and partners for your continued support which makes it all possible. ## Mike Lachowicz, Chair ## **Trustees’ Report** The trustees, who are also directors of Urbanwise.London Limited (‘the charity’) for the purposes of the Companies Act, submit their annual report and the financial statements for the year ended 31 March 2024. The report and financial statements are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and 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) (effective 1 January 2019). issued by the Charity Commission on Public Benefit. ## **Objects** The objects of the charity are: - (a) the advancement of environmental education at all levels in an urban setting with particular reference to, but not restricted to, the Greater London area by the provision of a Centre; and - (b) to promote high standards of planning and architecture in or affecting the area of the London Borough of Hammersmith and Fulham. ## **Structure, Governance and Management** The charity is a charitable company limited by guarantee and was set up in 1983. It is governed by a memorandum and articles of association, which were amended by special resolution on 26 January 2017. Day to day administration of the charity and project work is carried out by the full-time staff director, Moya O’Hara, reporting to the Board of trustees, which comprises all the trustees. The director’s salary is based on an annual appraisal with the Chair of trustees subject to approval by the Board. The trustees have paid due regard to guidance For the avoidance of doubt, all trustees are 6 Urbanwise.London Limited Annual Report and Financial Statements 2024 | company directors (for company law purposes) and charity trustees (for charity law purposes). Under the articles of association, the Board of trustees comprises: - a) not more than nine trustees elected by and from the membership of the charity at the Annual General Meeting; and - b) not more than three persons co-opted to serve on the Board by the elected trustees, provided that at no time shall more than one third of the total Board comprise coopted trustees. The election of trustees is conducted in accordance with procedures established by the trustees. Prospective trustees attend trustee meetings as observers and if appropriate a resolution to appoint them is put to members at the next Annual General Meeting. At every Annual General Meeting, one third of the elected trustees retire from office. In the event that the number is not divisible by three, then the proportion to retire shall be that nearest to one third. The trustees to retire shall be those longest in office since their last election. Where there are trustees who have been in office for the same length of time then, in the absence of agreement, those to retire shall be selected by lot. Retiring trustees are eligible for re-election. Co-opted trustees serve until the end of the Annual General Meeting following their co-option but may then be co-opted again. ## **Risk management** The trustees consider the risks facing the charity as part of the normal business conducted at their meetings. Uncertainty over the charity’s premises was a major concern in previous years. The arrangement made in August 2021 to occupy an office at premises leased by London Sports Trust (LST), at the Canalside Activity Centre, Canal Close, W10 5AY (Canalside) has benefited both charities. It has resulted in complementary activities and the opportunity to develop contacts with residents, organisations and Council representatives in the Royal Borough of Kensington and Chelsea (RBKC). John Kain, Operations Manager of LST is a member of the Board of Trustees and contributes particular expertise and knowledge of sports activities in the community to our meetings. The trustees are very concerned by the effects of inflation and the pressure on both schools and local authorities to save costs. There is also increasing competition for funding from all sources. The trustees continue to monitor the situation and seek to develop the charity’s activities to serve schools and the wider community as efficiently and effectively as possible. ## Related Parties The charity undertakes school project work in partnership with Hammersmith Community Gardens Association (HGCA), a registered charity (number 1111999), registered office 1 Melina Road, London W12 9HY. The staff director of Urbanwise.London Limited, Moya O’Hara, is a trustee of HCGA. There were no transactions between the charity and HCGA during the year. The charity is also connected to London Sports 7 Urbanwise.London Limited Annual Report and Financial Statements 2024 | Trust (LST) (registered charity no. 1077167) through trustee John Kain, Operations Manager at LST. The charity has paid LST a total of £5,100 in the year to 31 March 2024 towards costs of the premises it shares with LST. ## **Volunteers** We had seven volunteers through the year, including one from King’s College London. (2023: six volunteers, including two from King’s College London). ## **Fundraising** Urbanwise.London does not fundraise from individuals. All funding is sought from organisations. ## Financial Review Charitable income rose by £37,199 or 24% on the previous year to £192,113. £43,529 of this sum represented income deferred from the previous year for work on major projects: about £26,000 related to activities delayed by residual effects of the pandemic, and the remaining £17,500 represented funding received just before the year end, for activities to be undertaken in the 2024/25 financial year. All funding and other income except for small donations was for specified projects or in accordance with service level agreements. The key funder was the London Borough of Hammersmith and Fulham, which provided funding for children’s services accounting for £12,192 or 6% of total incoming resources (2023: £12,053) and £19,846 fees for project work, included in total project related fees of £171,672 (2023: £9,917 included in total project related fees of £124,110). 75% of the charity’s expenditure (£134,408) was on payroll costs and freelance staff (2023: 85%, £132,072), with project expenses (£9,021) accounting for a further 5% (2023: project expenses £10,159, 7% of total expenses). There was a small surplus for the year of £175 on unrestricted funds, and surplus of £14,000 on the restricted fund (2023: net surplus on unrestricted fund £352 and no movement on the restricted fund). £22,352 previously held as a restricted fund has been transferred to unrestricted funds as explained in the next paragraph. The balance on restricted funds carried forward at the year end is £14,000 and the unrestricted fund, including £37,352 earmarked amounts, stands at £78,985. ## **Reserves Policy** The Board of trustees has considered the charity’s need for reserves in the light of its risk assessment and plans for future periods. The trustees agreed that the fund of £22,352 established in 1989 for costs associated with the move out of Lilla Huset to new premises was no longer required to be treated as restricted because the conditions set in the original funding by London Borough of Hammersmith and Fulham had lapsed. The amount has therefore been transferred to unrestricted funds, but earmarked together with the £15,000 already provided, for the costs of setting up or moving to permanent new premises in the future (£37,352 in total). 8 Urbanwise.London Limited Annual Report and Financial Statements 2024 | The trustees aim to maintain the unrestricted income fund at a level of between three and six months’ operating expenditure to enable the charity to operate without interruption if there is a short term break in incoming resources. The balance of unrestricted funds after subtracting £37,352 is £41,633, which represents 4.4 months’ expenditure on projects and support costs not treated as restricted. The trustees consider that this is the minimum level of free reserves needed, given the continuing competition for funds and financial restrictions on the activities of local authorities and schools. secure basis on which to fundraise and plan for the future. ## **Members of the Board of Trustees** (being directors for the purposes of the Companies Act) The trustees who served during the year were as follows: Mike Lachowicz (Chair) Hilda McCafferty (Vice Chair) Mary-Louise Wedderburn (Treasurer) Sarah Collinson (Appointed 23 September 2023) Katy Jack John Kain **Plans for the Future** The trustees and staff director are working to generate income from multiple sources to ensure that the charity can continue to meet its objectives. Whilst the potential of the Jetty as a potential asset in attracting funding may have been lost, the certainty and synergies provided by the move to the Canalside premise has brought greater certainty to fundraising activities. The support of our funders has also been crucial and we owe them a great debt of gratitude. The trustees and staff are working together to ensure that the charity remains adaptable and efficient in order to enable it to meet its objective of advancing environmental education through the provision of a Centre. Despite all the difficulties, the trustees are confident that the charity has a Chloe Kenny Mahbuba Khan Jordana Smith John Kain and Mahbuba Khan retire at the Annual General Meeting and, being eligible, offer themselves for reappointment. ## **Trustees’ Responsibilities in Relation to the Financial statements** The charity trustees (who are also the directors of Urbanwise.London Limited for the purposes of company law) are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom 9 Urbanwise.London Limited Annual Report and Financial Statements 2024 | Generally Accepted Accounting Practice). Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the company for that period. In preparing the financial statements, the trustees are required to: • select suitable accounting policies and then apply them consistently; • observe the methods and principles in the Charities SORP; • make judgements and estimates that are reasonable and prudent; • state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that 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 Companies Act 2006. They are also responsible for financial statements may differ from legislation in other jurisdictions. ## **External review arrangements** The company is exempt from the Companies Act 2006 requirement to submit the accounts to an audit. At the Annual General Meeting on 23 September 2023, the members approved the appointment of Fiona Hatchman, Director, Additions Accountancy (Grantham) Ltd. to carry out the examination of the accounts for the year ended 31 March 2024. A resolution to reappoint Fiona Hatchman as Independent Examiner will be put to the next Annual General Meeting. ## **Approval** This report, which has been prepared taking advantage of the small companies exemption in the Companies Act 2006, was approved by the Board on 22 July 2024. ## MOYA O’HARA Moya O’Hara Secretary safeguarding the assets of the charity and the group and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of io Urbanwise.London Limited Annual Report and Financial Statement5 20241 Ourwork in Numbers 4,050 learning experiences, working with children, young people and adults over a range of18 projects. Aclive Locol L&arning 12 Local Studies 7 Children's Environmental Parliament 10 Schools H&F Mudlarks 6 Wren's London 300 2 Discover Your Scrubsl 2 West London Zone 3 School Superzones 2 Active Local Learning 782 Local Studies 476 Children's Environmental Parliament 257 H&F Mudlarks 192 Wren's London 300 143 Discover Your Scrubsl 108 PArticipanh Discover Your Westminster 100 Discover and Share 135 Towpath Tales 126 HAF Playschemes 380 John Lyon's Charity Playschemes 35 Events and Training 639 Small Projects 677 11 Urbanwise.London Limited Annual Report and Financial Statements 2024 | ## **Staff Director’s Report Annual Projects** ## **Active Local Learning** Children and young people in Hammersmith and Fulham schools took part in outdoor sessions supporting their geography, history and science curriculum. They enjoyed learning mapping skills and exploring local history and biodiversity. We also ran curriculum linked local studies sessions for schools in Kensington and Chelsea and other boroughs. _“The children were taught how to observe and analyse familiar environments during their geography fieldwork session” Y5 teacher, Lycee Francais._ ## **HAF Playscheme** Our Holiday Club for young people at Old Oak Community Centre ran right through the school holidays with outdoor play, forest activities, healthy living activities, and crafts for local children. ## **Children’s Environmental Parliament** The ‘Children’s Environmental Parliament’ event was held in the council chamber of Kensington Town Hall, for Year 6 classes from five Hammersmith and Fulham and five Kensington and Chelsea primary schools, plus invited guests. During the spring term, the children researched a range of topics linked to climate change including Biodiversity of the River Thames, Food Waste and Helping Bees. _“ I learnt that air pollution is a serious problem and that everyone should help to improve air quality” Year 6 student Oratory, Primary School_ ## **Hammersmith & Fulham Mudlarks** The Mudlarks project ran throughout the summer term, involving Year 4 and 5 classes from Old Oak, Kenmont, St. Stephen’s, John Betts and St. Paul’s primary schools, and London Oratory School Junior House. School students enjoyed exploring the important issue of waterway pollution and partnering with other environmental organisations to find solutions together. The project finished with a children’s conference held at the Riverside Studios in Hammersmith, where children presented their projects to invited guests and sang the Mudlarks song together. _“I wanted to write on behalf of J3 to say thankyou for the opportunity to take part in this fabulous Mudlarks project. We have all had such a wonderful experience throughout this time and have learnt so much. The presentation morning was also something that will remain with the boys for a long time.” Year 5 teacher, London_ 12 Urbanwise.London Limited Annual Report and Financial Statements 2024 | ## **Discover Your Westminster** Our adult education course, in partnership with Westminster Adult Education Service, was delivered at Paddington Library and around and about in the local area. There were local guided walks in Little Venice, Marylebone, Paddington and further afield, and days out to places like Kew Gardens, Regents Park and Hampstead Heath. In our short courses we encouraged adults to research a local history topic, assisted by a visit to Westminster Archives Centre, and to present their own projects to other students at the end of the course. _“I enjoyed walking around the area and learning history, comparing old photos to the new ones, checking London poverty maps etc. Visit to Westminster Archives was fascinating and is a great resource to anyone interested in history. Teachers are very welcoming and knowledgeable and genuinely care about people on the programme.” DYW student_ ## **Discover Your London Walks** Our regular walks programme supported by Transport for London ran throughout the year, exploring some of London’s wonderful parks and open spaces. This year’s walks included Kensington Gardens, Grand Union Canal towpath, Regents Park and the City of London. ## **Discover Your Earls Court** We ran a series of guided walks and creative workshops for families and local people in the Earls Court area, assisted by a local artist and supported by Earls Court Development Company. ## **Natural Explorers** Young people from three primary schools took part in our environmental wellbeing workshops as part of West London Zone’s programme to help families thrive. We also ran a nature-based after school club at Thomas Jones Primary School. ## **Training and Events** We delivered walk leader training sessions for groups who are new to leading community walks for Groundwork UK. We also participated in some fun community events here at Canalside and at Wormwood Scrubs and Hammersmith. These included Playstreet events in Hammersmith and Fulham, where for a short time children took over their local streets, rode their bikes and played games. **Special projects** **Towpath Tales** 13 Urbanwise.London Limited Annual Report and Financial Statements 2024 | ‘Towpath Tales’ engaged community groups and local schools in making discoveries about the history of the Grand Union and Regents Canal, with walks, visits to the Canal Museum, boat trips, art sessions and writing workshops. With the help of a local artist we created artistic banners showing a timeline of canal history and some of the significant people who lived or worked nearby, plus a walking trail along the towpath. Some of the stories of local people who took part have been collated and can be found on our website. _“It was very inspiring to find out about the canal and the people who live there. I loved doing the artwork and visiting the Canal Museum to find out even more” Westbourne Community Champion._ ## **Wren’s London 300** This project celebrated the life and work of famous English architect Sir Christopher Wren, in the 300th year since his death. We worked with local schools, adults and community groups to find out how Wren’s architecture transformed the City of London following the devastation of the Great Fire in 1666. As well as visits to St. Paul’s Cathedral and the Royal Naval College at Greenwich, we visited exhibitions about his life and wandered through the streets to discover and enjoy Wren’s smaller city churches. An audio guide and printed booklet is underway. _“For me the highlight was climbing up all the way to the golden gallery, stopping on the way at the whispering and stone galleries. The view was just so beautiful from up there”. Wren’s London 300 participant_ ## **Discover Your Scrubs!** Young people in Kenmont and Old Oak Primary Schools have been enjoying our lunchtime and after school clubs, connecting them to the semi- natural environment of Wormwood Scrubs. Activities have included making seed bombs, bird identification and foraging for blackberries. During the summer there were lively family events and local children also took part in play activities during the school holidays. ## **Discover and Share** The ‘Discover and Share’ project, funded by Westminster City council’s Community Priorities Fund, aimed to improve wellbeing through connecting people from different communities, and encouraging new and supportive friendships through active learning and discovery. We were delighted to work with Queen’s Park English Speaking Group and Church Street Community Champions on this project. They took part in some short arts, culture and heritage courses, including visits to places of cultural interest like the Saatchi Gallery. Participants worked in a variety of mediums, such as clay, monoprint and paint and held an exhibition of their art work at the end of the project. _“This project took us back to childhood. We forgot about all our adult problems. We had great fun and_ 14 Urbanwise.London Limited Annual Report and Financial Statements 2024 | _our nerves calmed down. We learned a lot of new things and communicated naturally in our poor English, understanding each other perfectly. Many thanks to the organisers of this project.” Discover and Share participant_ ## **Future Neighbourhoods 2030** We were pleased to be part of Kensington and Chelsea Council and the Mayor of London’s ongoing initiative to make a cleaner and greener Notting Dale. Urbanwise ran twenty four different sustainability workshops and walks with schools, community groups and local residents in a variety of local settings. Some favourite activities were an Avondale Park Tree Walk, sustainable flower arranging at the Clement James Centre and crafting natural mobiles with Rugby Portobello Trust and P3 Charity. ## **School Superzones** We worked with Edward Wilson and Wormholt Primary Schools, engaging the whole school communities in looking at local issues around the schools, and sharing their ideas for making their locality cleaner, safer and greener. These ideas were shared with the local authorities so that they can address the problems identified. _“It was great to be involved in a whole school project. The workshops were enjoyed by all !” Year 4 teacher, Edward Wilson Primary School_ ## **Moya O’Hara, Director** Urbanwise.London Limited Annual Report and Financial Statement5 20241 Finance URBANWISE.LONDON LIMITED {A COMPANY LIMITED BY lJllARAP4TKTr. NOT HAVIN(: A 4HARTr. C'.APITAL) Independent F.x*miner'J rtport ID Ihe TruJteeA of Urba#W1￿.lA￿￿dOTr L5mlted I report io th¢ charity tnJst¢es on my examinati()n of ihe occaunt.¥ nftho company for the year ¢nd¢d 31 Mw¢h 2024 which are set out on pages 16 to 24. Res￿￿¥1￿111tle4 *nd bwij r¢￿TI As the chortTr tnistees ()t-the LIMMpan> latid alsÉ) il& dirLx'l()r5 f￿. Ilie PLirw&es of cumpany law) you are reswTrnsible for the preparaiion of th¢ aLx'i)Iitll$ in ACLI)rdari¥L with the re4utrL'nienl¥ ufihe (:oinp14ni¢% ALt 2006 ('Ih¢ 2006 Act.). Having ￿tI$fIed n1v￿lf thai the aeeounls of the cOm￿Y are nol required to ￿ audited under Part 16 of the 21yJ6 Act aiid arr eli8ible It)r ind¥.￿nde￿I ¢'xamiii#ii(bn. I reim￿ in le$￿t of my ¢XAminaltun of your ¢umpAny'5 accounts as Carried oui undcr seetii)n 145 of the Charities Aet 2011 ('thc 2011 Act.). In carrying oui my examtnation I have followed the Directions given by ihe Charity Commission under section 145(5Xbl of the 2011 A¢t. IDdepttrde•¢ ¢￿MIne￿8 Jt#ttment I hel'e ¢￿IPleted my exomination. I confirn1 that nr) matters ￿ve ¢ome lo my attention in conn¢¢tion with the e￿i￿lOn giving me ￿ust io believe thai in any material respe¢l.' ecouniing record5 were not kept in res￿1 of the compofty &8 wuired by section 386 of the 21K)6 Act. or the acukunts do not acwrd with those r¢cords; or the a¢￿￿ttts do comply with the accounting requir¢m¢nts of sectton 396 of the 2006 Aet other any rEquir¢ment thai the a￿ounts 8ive a'true and fair view, which is not a rnatterconstdered 4s partofan Tndependent examin￿lOn. or the accounts have not prepared in A¢c(trrdon¢¢ with thc methods llnd principles of the Staternont of Recon￿ended Prnctice for ￿COUntIn¥ and r¢porting by ¢hHrities applicable to ¢hariiies preparing thcir a￿O￿nts in accordan¢¢ with the Financial Reporling Stand8rd applicttble in th¢ UK and Republic of Ireland (FRS 1021. I have no concerns and have comcacross no oth¢r matters in conntttion with the exwnination towhi¢h attention should be drnwn in this rew)rt in ord¢r to enabl¢ 8 proper understanding of the a￿ountS to be reach¢d. FIONA IIA'fciiMAN Charternl Instilute of Publi¢ Finance and AccouftlAn¢y Direc￿￿. Addiii(wfft5 AccounianLy (Granth￿nI I,Id. Barn EThJ Gr￿than1 NG33 SEA 2311 tA 2024 Urbanwise.London Limited Annual Report and Financial Statement5 20241 URBANWISLLONDON LIMITED IA COMPATIY LIMITED BY GUARANTEE NOT HAVING A SHARE CAPITALI STATEMENT OF FINANCIAL AcfiviTIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 Note¥ 2014 2023 Totsl funds Unreytrlcted Rutrlcled funds fulldi Totsl Unrestrict¢d filnds R¢stricted funds Income from: ChBritBbl¢ a¢tivit1¢8 Ini¢resi receivable 112.773 430 79.340 154,914 76 154.914 76 430 Total 113203 192 543 Expehdliurt oh,. Charitsble aciivities 113.028 113028 65.340 178 368 154638 154638 Total 178 368 154638 154638 Net Income 175 352 352 Net mov¢m¢llt In fynd• 175 14,0(K) 14,175 352 352 TotAI funds *t l Apru 2023 56,458 22.351 78,810 56,106 22,352 78.458 Tr&nif¢r b¢tw¢¢n fyndi 22,352 .22.351 Total fundi It 31 M*reh 2024 The statement of financial activities includes all 8ains and losses reCo￿lsed in the year. All incomc and cxpcnditure dcrivc from continuin8 activitie5. Urbanwise.London Limited Annual Report and Financial Statement5 20241 URBANWISE.LONDON LIMtTED (A COMPANY LIMITED BY GUARANTEE NOT HAVING A SHARE CAPITAL) Company registrntlon number 01762007 (England & W￿e$) BALANCE SHEET AS AT 31 MARCH 2024 Not¢ 2024 2023 CURRENf ASSETS DebioTS Cash at bank and in hand 29,722 15,514 116.175 131,080 CREDITORS.. Amounts falling due within on¢ year NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES 91985 78,810 THE FUNDS OF THE CHARITY Restricted income fund: Unre5trict¢d fund.. D¢sj8nated fimd General fund8 14,000 22,352 37,352 15,(M)O TOTAL CHARITY FUNDS 92,985 78,810 S¢8tement by the dlrectors under Jectlon 476, Companlej A¢t 2006 For th¢ year oThdcd 31 March 2024 th¢ ¢ornpany was ¢ntitl¢d t(Tr ¢x¢mption from th¢ r¢quirem¢nt t(Tr hav¢ an audit under s¢ction 477{1) of the Compani¢8 Act 2(X)6. No notice has bc¢n dcpgsit¢d und¢r 8¢¢tion 476 of the A¢t by Mern￿r& r¢qu¢5ting Jn audit of the company's account5 for thc financial year. The direetorg acknowled8e their responsibilities for.. (i) ensurin8 that the company keeps accountln8 records which comply with section 386, and (ill preparing aceounts which give a true and fair view of the state of affain o(the company as at 31 March 2024 and of its surplus for the year then ended in accordance with the requirements of seetion 396 of the Companies Act 2006, and which otherwise comply with the requirements of the Act relating to accounts, so far as applicable to the company. These accounts, which have been prepared in accordance with the provisioLs of the Companies Act 2006 applicable to companies subject to the small companies rewme, were approved by the management committee on 22 July 2024 and signed on its behalf by.. Mike Lachowicz Urbanwise.London Limited Annual Report and Financial Statement5 20241 URBANWISE.LONDON LIMITED IA COMPANY LIMITED BY GUARANTEE NOT HAVING A SHARE CAPITAL} STATEMENT OF CASHFLOWS FOR THE YEAR ENDING 31 MARCH 2024 2024 2023 C*Jb Ilow& from oper8tlDg 8Ctlvltlefj: Nei cash generaied byllused in) operating activiti¢s (29.543) 130,357) CA8h tlows fr•m InvestlDg aetlvltlei: Bank dep05il intere51 T￿e1Ved Change In c4Jh equlvalentj ID ihe flDADelil year (29.113) 130281) ReeontlliAtlon of net lrteome to net ¢*$h flow from op¢ratlnE actlvltl¢5: N¢t in¢om¢ for th¢ r¢porting p¢riod B￿k dcposit ￿coUnt interest (Increase) in debtors (Dccr¢as¢) in CTcdilors 14,175 {4301 (14.2081 352 176) (12.783} Net c8Jh (uied Inl oper•tlng A¢tlvltle$ (29.543) {30J57) Cash and ¢8sh equivalents at the start of the rinancial year Cash And cash equivE41ents at the end of the rinancial year Decrease in cash And cash equivalents in year 115,566 145,847 (29,113) (30,281) Cash and cash equivalents cornprise.. Cash at bank and in hand 86.453 115.566 Urbanwise.London Limited Annual Report and Financial Statement5 20241 URBANWJSE.LONDON LIMITED IA COMPANY LJMJT&D BY CUARANTEE f40T HAVJNC A SHARE CAPITAL) NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED JI MARCH 2024 ACCOUNTINGPOLICIES a) Basis ofpreparation ofaccounls.. The financial staiements have been prepared in accordance with A¢￿￿nting and R¢wrting by Charitios.. Stat¢m¢nt of R¢¢omm¢nd¢d Pra¢tic¢ appli¢ablo to ¢h8ritics preparing their accounts in accordance with the FinaTLcial Reporting Standard applicable in the UK and Republit of Ireland IFRS 102) {effective l January 2019}- (Charities SORP {FRS 1021). the Finantial Reponing Standard applicable in the UK and Rcpublic of Ircland IFRS 102) and ihc Compa))ies Act 2006. Ass¢ts and liabilitics ar¢ initially r¢cogniscd at historiul cost or transaction valu¢. Urbanwise.London Limited meets the definition of a public knefit entity under FRS 102. bl Going concern.. The trustecs have con5id¢Ted the charity's ability to continue to opcratc for the next 12 to 18 month5 and arc 5at15fied that the charity will ¢ontinu¢ to b¢ abl¢ to op¢rat¢ in furth¢ran¢¢ of its objectives and meet its liabilities as they fall due for the foreseeable future. The trustees are especially grAieful for the suppon ofall its fundeTS as listed in Note 2 to these accounis. c) Donations includc local outhority grant5, Oth¢T donations and gift5 madc on a voluntary basis, that are not conditional on delivering specified levels or volumes of a service. Income from donations and grant8 is recognised when there is evidcncc of enliilcmcni to thc gifl, whcn li has bccn rclcivcd or rLLcipt is probablc and whcn its amount can be rncasurcd rcliably. Unrcstric¢¢d funding r¢ceiv¢d that rclat¢s lo aetivities and expenditure in future periods is treated as deferred income. d) Income from Charitable activities includes fees paid by schools and organisations for the provision of local studies sessions and similar activitics. The incomc is recogniscd in ihc ycar in which the relevant project or session is uftdertaken. e) The charity has two types of funds. Fund5 donaicd subject 10 5pcLifiL trust5 under charity law clas&ed as rcstricted funds to be used for spccific purposes as laid dowTL by the donor. Donations without further 8p¢¢ificd puryJ95¢ and oth¢r in¢oming r¢50U￿¢S ar¢ class¢d as unr¢stri¢t¢d fund5, Out of whi¢h an amourtt Is designated for future expenditure need4 identified by the trustees. Q The value of services provided by volunteers has not been included in the charity's income. gl Interest in¢ome 15 recogni8¢d in the account5 in the year in which it is received. h) Expcnditure is wognised on th¢ ac¢rua15 basi$ as a liability Is incurred. Exp¢nditur¢ in¢ludes attributhble VAT which cannot be recovered. i) Expenditure is allocated to project Work where the ¢05t relates directly to that acliyity. Costs including central functlons that support the delivery of activities and Services in the furthcrance of th¢ charity's objectives are allocated to Activity cost cate8ories on the basis of relevant staff time. j) Governance costs include costs of the preparation. examination and filing of statutory accounts, the cost of trustcc and general mcetings and administration and thc cost of any legal advice to trustees on governance or constitutional matter5. Staff cost5 are allocated to governance activities on the basis of employee time spent on company administration and sup]x)rting tNstee meetings. k) Pension costs.. the charity does not operate a staff pension scheme. However, it makes contributions to thc pcrsonal pcnsion schctnc5 of thc cmploycc5, the cost shown in thc accounts bcin8 thc ctrwity's payable in the year. The cost is allocated to activities in the same proportion as other staff costs. 20 Urbanwise.London Limited Annual Report and Financial Statement5 20241 URBAIYWISE.LONDON LIMITED (A COMPANY LIMITED BY GUARANTEE NOT HAVING A SHARE CAPITAL} NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024- eontlnued 2. INCOME FROM CHARITABLE ACTIVITIES 2024 Total 2023 Tot*1 Re#trl¢ted Unre#trl¢t¢d LBHF grants 3SIF Active LOC￿ Learning Project funding by LBHF Children's environmental parliament Mudlarks Schools Superzone Other Earls Court Community Fund John Lyons Charity Urban Steam project Play%hcmc grant Royal Borough of Kcnsinglon & Chelsea Childr¢n's cnvironmcntal parliamcnt B]￿k History cvcnt Futur¢ N¢i%hbourhoods National Lottcry Community Fund Together wcc Discover and Share H¢althy Commutc School Superzon¢s Trartsw)rt for Londort - Walking Grant Old Oak and Park Royal - Scrubs Bird Life WAES - Discovcr your Westminster HS2 Discover Your Serubs Young Explorers Greater London Authority- Towpath Tales West London Zone LMP Play Schemes NHLF. Wren's London (hher donations Education fees 12,193 12,193 12.053 5.615 9,950 2.000 2,281 5,615 9,950 2,000 2,281 6,300 5.408 9,999 6,5(M) 5.000 26,000 2.000 S.0(M) 3,000 5,615 3,615 5.408 800 6,600 6,600 9.650 9,986 1,000 4,548 2,000 9,986 1,000 4,548 2,000 2.940 3,970 12,936 14,294 14,294 32,490 32,490 11.510 9,590 8,720 14,801 14,897 14,897 6,540 6,540 2S,350 10,000 7,106 8,148 25.3SO 10,000 7,106 8,148 5,493 8,636 112,773 192,113 154914 21 Urbanwise.London Limited Annual Report and Financial Statement5 20241 URBANWJSE.LONDON LIMITED (A COMPANY LIMITED BY GUARANTEE NOT HAVING A SHARE CAPITAL) NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 {contlnued) 3.1 CHARITABLE EXPENDITURE R•str Ulrestr Dlreet Dlrect Total Dlrect Support eo$t8 Colts Tot#l 2024 Dlreet Support costs Cost8 TotAI 2023 Staff ¢05ts (Note 4) Fr¢elance staff Playseheme PTOjCCts and materials Prcmisc5 {sce not¢ b¢low) Printing & eomms Govcrnance (Note 3.2) Accguntancy Computer and int¢m¢t Travel TTaining Sundri¢s 26,028 46,628 72,656 12,528 29,270 41,798 21.852 21,852 3,712 9,021 920 2,235 267 1,000 17,169 $9,825 65,570 22.733 88,303 41,798 41,140 41,140 21.852 9,021 10,159 4,469 3,710 1,834 1,758 4,919 1,632 1,503 707 231 577 5,309 ,315 733 10.159 5,565 2,637 3.9)3 1,632 502 448 2,234 834 4,919 1,632 1,503 1.855 879 3,903 1.632 251 251 448 617 155 273 617 155 306 76 271 33 233 349 63,340 84,300 149,040 28,728 178,368 123,269 31,369 154.638 Expcnses attributable both to projects directly and io the support of charitablc activitie8 are allocated between the diffcrcnt activitics on the basis of csiimatcd staff timc spcntlrcsourccs cxpended, 3.2 GOVERNANCE COSTS Totil iupport eoyts 2024 Total SllPPiIrt eoits 2023 Salary and pension costs relating to 8overn8nce Independent examination Atjnual account5 prin¢ing Annual General Meeting costs Total governance costs 2.786 450 515 2,629 450 760 4.919 3.903 22 Urbanwise.London Limited Annual Report and Financial Statement5 20241 uRBANwISE.LON￿tyN LIMITED IA COMPANY LIMITED BY GUARANTEE NOT HAVING A SHARE CAPITALI NOTES FORMINC PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Iconthiued) STAFF COSTS AND NUMBERS Dlred & SuppDrt Total 2024 Governance Dlreci & Support Total 2023 Governance Salarles a￿1 waBes SIK'lal %ecurlly costs Peilsluii Lthls 2.212 75,752 8.634 5.440 89.H2 77.964 9.042 5.605 92.611 2,216 259 154 79,149 4,408 4.746 88,3U3 81.365 4.fjfj7 4.9(JO 90.YJ2 165 2.7115 2,629 Nu Iiullday pay has L￿n wovlded In ihe currenl Perfi￿ &s the an￿Unt Involved Is negllglble (2023.. no hollday Pdy p￿}vIdEd1. There were Iwo full tlme employee8 durlng Iheyear12023'. Iwo full-llme employees). No employee earned mort than £60.00012023= no emplo.yee earned more than £60.0001. Urbanwtse.LATrndon ts a Llvlng Wage employer. TRUSTEE EXPENSES AND TRANSACTIONS Tl)pre wero Iio Iiusipe pxwinses 10 reliiibursed In ihe year aiid Iio Iruileib OT any persoii coiiiiected willi a Iru5tee reLC.Ivcxl drty ri'IiiunerailDn 12023.. nu Iriis11* expiinses or ri'illui￿r￿ilunl. 'rhL.￿ wEre no trdnSdLiluns I￿tween the clwrlly and HaiTiini'Thmiih Communlly Garden% A￿￿101{1￿￿ durlnx the yl'ar and nu INqldnce ¢xJlsidiidlTIX dl ihi. yetir c'Thl. In 2023 ilie charliy liivulLed Hiininiernryilih Lori)niunli.y 6&di￿nI Aks(Kldilun £1.314 for a&slslance wlih project work aiid Haininersiiiiili Coininunliy Gdrdeii% A%%ixldiloii iii&le a Rraiil uf 13.6W to the charlly io dellver a walk.s programme as part of Ihelr RBKC aduli educallon fundlng. There was bala￿e wt%ldndlnx Ihe Lharlly and HCGA al 31 MdfLh 2023. Premlses Cosis Iiiclude 15.210 pald 10 Londoii s￿rts I'rusi under a Servlce Level Agreemenl slgned In Au8USt 2021. DEBTORS 2024 2023 Fees recelvable Oiher detxors and wepaymen 29.626 96 15.096 Urbanwise.London Limited Annual Report and Financial Statement5 20241 URBANWSE.LOI4DON LILlllTED (A COMPANY LIMITED BY GUARANTEE NOT HAVING A SHARE CAPITAL) NOTES FORMING PART OF THE FINANCIAL STATEMEIYTS FOR THE YEAR ETr4DED 31 MARCH 21124 (contfinued) CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Income deferred in current year (Note 7.2) Oth¢r ¢reditors and a¢¢ruals 10,263 43,529 23,190 52270 AIYALYSIS OF MOVEMENT ON DEFERRED INCOME ACCOUNT 2024 2023 Dcfcrrcd income at start of ycar Amount applied to relevant expenditur¢ Amount rcccivcd during ycar Deferred income at end of year 43,529 {43,5291 62,157 (62.157) 10.263 43.529 Deferred income represents the proportion of ￿ants and project income received for which the relevant expenditure has not yet been incurred by the charity. STATEMENT OF MOVEMENT IN FUNDS 01-Apr lThcomlng 2023 Resour¢eJ Outg¢blng Transfers Resource5 31-Mar 2024 Total restricted fund Unrestricted funds Total all funds 22,352 56,458 78,810 79,340 113,203 192,543 65,340 113,028 178,368 -22.352 22,352 14,000 78,985 92,985 Urbanwise.London Limited Annual Report and Financial Statement5 20241 URBANWtSE.LONDON LJMITED IA COMPANY LIMITED BY GUARANTEE NOT HAVING A SHARE CAPITALI NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (eontlnued) STATEMENT OF DISPOSITION OF FUNDS AT 31 MARCH 2024 Unrestrlcted Fund Re5trlcted FuDd Tota] Current &55ets Current liabilitics 102,175 19 14,O¢J) 116,175 190 18.985 14.OLK) 92985 01-Apr 2023 Income 31-Mar 2024 Restrlcted fund project tltleldonor Exp. Transfer Development fundlLBHF Discovcr YOUT ScrubslHS2 Wren's London Earls Coun 22.352 -22.352 32,490 10,i)00 24,490 9,(K)O 8,000 1,000 Total 22,352 48.990 34,990 -22.352 14.000 Funding lotalling £30,350 for play￿h¢m¢S was spent in full so no bal￿¢ remains to be ¢aTTi¢d fonvard. Th¢ whole of th¢ r¢strict¢d fund is represented by cash at bank. Th¢ remaining asS¢ts and liabilltics of the company belon8 to the Unrestricted it]come fund, which is the cumulative gurplus on the charity's activities. 11. STATUS The Company, which is limitcd by guardntee, was fom?ed in 1983 otherwise than for profit and is registered as charity. Thc liability ofeach meTnbcr 15 fLStricted to £1.