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2025-06-30-accounts

ast | Brunch | Desseils BUSINESS INTHE COMMUNtrY JIM•IVJVJ BUSINESS IN THE COMMUNITY ANNUAL REPORT 2024/25

The Directors of Business in the Community (BITC) present their Annual Report for the year ended 30 June 2025, which incorporates, within pages 6-39, a strategic report under the Charities Act 2011, the Companies Act 2006 and the Charities and Trustees Investment (Scotland) Act 2005 and related regulations.

Business in the Community is a registered charity in England and Wales (297716) and Scotland (SC046226). Company limited by guarantee No. 1619253.

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Business in the Community BITC Annual Report 2024/25
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CONTENTS

CONTENTS
LEGAL NOTE 02
CONTENTS 03
CHAIR’S INTRODUCTION 04
ACTING CHIEF EXECUTIVE’S MESSAGE 05
INTRODUCING BUSINESS IN THE COMMUNITY 06
A YEAR IN BITC NUMBERS 07
WORKING WITH OUR MEMBERS 08
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Membership & Advisory Services		 09
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Advisory Services		 12
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State of the Nation		 13
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The King’s Seeing is Believing Programme		 14
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Regional Boards		 15
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Cymru – Driving Inclusive and Sustainable Growth Across Wales		 16
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Scotland		 17
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Northern Ireland		 18
PEOPLE AND PLACE 19
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Place		 20
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Our Community Delivery Programmes Work		 23
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Our Campaigns		 25
OUR WORK FOCUSED ON THE PLANET 31
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Community Climate Fund		 32
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National Leadership and Advocacy on Just Transition		 34
OUR ORGANISATION 35
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Our People		 36
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Net Zero		 38
FINANCE REVIEW 40
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Financial Statements and Notes		 50
GOVERNANCE 71

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CHAIR’S INTRODUCTION

It has long been my belief that responsible business is a foundation for economic growth and prosperity, not a distraction from it. This was affirmed in this year’s Business in the Community’s (BITC’s) State of the Nation report, with 96% of business leaders in agreement. We need responsible business to ensure the long-term

economic sustainability of the UK economy. It is that simple – and yet complicated.

Recently, businesses have been feeling the need to de-publicise their commitments to avoid what they perceive as reputational risk and political uncertainty on key societal and environmental issues. A growing trend of risk mitigation is overshadowing genuine responsible business action, particularly in areas like climate and diversity, equity and inclusion. The academic evidence demonstrating the link between these issues and strong business performance has not changed – this should not now be ignored.

This is not a time to sit silent in the status quo. This is not a time to be cautious, whilst the needs of our communities continue to grow. We are living in an age that requires authentic, outspoken leadership.

Leadership which starts with BITC, the voice at the forefront of responsible business action – the UK’s largest and most influential responsible business network. BITC is a trusted partner to business and government, convening leaders, influencing policy and accelerating action – helping shape inclusive economic growth that works for all. I am proud of the leadership BITC has demonstrated and impact we have made in the past year, and I remain confident we will continue to be that leading voice and the cornerstone of the responsible business agenda. As Chair of BITC, I would urge businesses to scale up their ambitions and their impact; work with BITC and engage in cross-sector partnerships to address systemic challenges at scale.

I would also like to thank those that already work with and for BITC: His Majesty The King as Royal Founding Patron, BITC’s network, Kieran Harding as Acting Chief Executive and the BITC team. Thank you for your steadfast commitment in addressing these challenges to date.

Whilst we might not know what the future brings, from emerging technologies to the impact of AI and much more, we do know what we have to do. Lead from the front, not because it remains important to stakeholders or core to business purpose or strategy – but because it is the right thing to do.

Peter Harrison Chair Business in the Community

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CHIEF EXECUTIVE’S MESSAGE

In taking up the reins as Acting Chief Executive at Business in the Community (BITC), I was struck by the increased importance of BITC as a membership organisation. Responsible business has been facing and will undoubtedly continue to face, mounting geopolitical pressures at home and abroad. Yet BITC has a duty and a

responsibility to the businesses and the communities we serve, and the 2.6 million employees in our membership.

To ensure the prosperity of our nation, it is imperative that we make responsible business the foundation for economic growth. BITC’s ability to engage business in addressing society’s existing and emerging challenges, are what make it so uniquely placed to make this a reality.

Over the past year, BITC has been convening, campaigning and consulting with business to deliver economic, social and environmental change. From expanding our Pride of Place Board to three new locations, to growing our King’s Seeing is Believing Programme to engage more business leaders, and our Community Climate Fund now working in six communities, engaging over 400 community organisations across the UK. We have been able to reach even more communities and bridge the gap between businesses’ commitment to support, and the needs of those communities.

In convening our network, we brought together over 200 attendees at our Member Conference, over 100 senior leaders at our Leadership Assembly and engaged over 250 companies through with our Advisory Services, supporting them all on their responsible business journeys.

This year, through BITC’s campaigns and programmes, 147 employers signed up to our Opening Doors inclusive recruitment campaign, with 1.5 million jobs made more inclusive. 1,140 organisations signed our Race at Work Charter, covering 7.8 million employees and 1.61 million employees were represented by those organisations completing our Workwell Self-Assessment Tool. 1,805 young people were supported through Barclays LifeSkills Scotland and Wales, and 60% of The Times Top 50 Employers for Gender Equality 2025 are BITC members. That’s just the tip of the iceberg.

communities. As we continue to embrace this agenda, we will continue to challenge business to go further in integrating responsible business into the very DNA of their organisations.

Whilst we recognise that businesses are willing and can provide a unique contribution to many of the challenges faced across the UK; their role in society should not be taken for granted. We must continue to find ways for business, government and civic society to align in addressing the needs of our people, our planet and our places.

Through collaboration and partnership on campaigns, programmes and projects, we can explore solutions and deepen impact at both a local and national level. We can create hope and ensure that everyone can benefit from the opportunities that economic growth can provide.

As we look to the year ahead, BITC will focus on empowering companies to:

It is only by working together as true partners that we can help co-create a nation that we can continue to be proud of. A fair, inclusive and sustainable nation. As true partners to BITC, I would like to thank our member companies and supporters for their dedication and the commitment they have shown to responsible business. Similarly, my thanks go out to my BITC colleagues, whose passion and integrity are the driving force behind our mission.

We must be bolder and braver to achieve economic growth and prosperity for all. So, BITC will unashamedly continue to push business further on the most challenging issues – individually, but most importantly, collectively.

Kieran Harding Acting Chief Executive Business in the Community

We remained focused in supporting businesses to attract and retain the best and most diverse talent, grow and retain their customers, enhance their environmental reputation and continue to lift up our most challenged

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INTRODUCING BUSINESS IN THE COMMUNITY

RESPONSIBLE BUSINESS IS THE FOUNDATION FOR ECONOMIC GROWTH

HOW WE WORK

We believe progress happens when we work together for the Planet , People , and Place .

Business in the Community (BITC) champions responsible business as essential for long-term economic growth and resilience. We convene, campaign, and consult with business to tackle society’s most pressing challenges, from climate change and place-based regeneration to inequality, workplace wellbeing, and inclusive growth.

Our work is focused on the Planet , People , and Place , working together to create a fairer and more sustainable world where business is a force for good.

WHAT WE DO

We help businesses lead responsibly, act collaboratively, and drive measurable change.

Together, we are shaping a future-ready economy that supports thriving people, prosperous places, and a healthy planet.

Founded by His Majesty King Charles III in 1982, BITC has over four decades of experience in mobilising business action and delivering evidence-based impact across the UK. Today, we represent around 550 member companies , united by a commitment to responsible growth.

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A YEAR IN BITC NUMBERS

2.6M

employees represented across our total membership

1,805

young people supported through LifeSkills in Scotland and Wales

770

matches made through Job Coaching, 57% of those who complete coaching entered employment, education, or training

2,948

employees trained through BITC Advisory programmes

1.5M

jobs made more inclusive through Opening Doors

£463,494

in leveraged volunteer value dedicated to Job Coaching

770

refugees supported to access employment and build new futures

7.8M

employees represented across Race at Work Charter signatory organisations

5,685

people attended our expert-led and peerto-peer events

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WORKING WITH OUR MEMBERS

BITC relies on the proactive engagement of its members to fulfil our mission. With a diverse network of 541 organisations spanning various sizes, sectors, and regions, we possess unparalleled access to communities across the UK and a deep understanding of both effective practices and areas requiring further progress.

Our members serve as catalysts for change— driving impact through purposeful action, advocacy, and collaboration that transcends commercial interests. Expanding our network directly amplifies our influence, enabling us to empower business leaders and their teams to extend responsible practices throughout their value chains.

critical societal challenges, including inequality, limited access to opportunity, and environmental sustainability.

We work with businesses and other organisations, supporting, inspiring, and challenging them to deliver impact through:

We are also forging new partnerships across sectors and with strategic partners to elevate the role of responsible business in addressing

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WORKING WITH OUR MEMBERS

MEMBERSHIP & ADVISORY SERVICES

We continue to deliver value and impact with and through our member companies.

We do this through:

Convening

Highlights

2.6

million employees in total membership

541

members

We bring senior leaders and practitioners together to act as a collective voice for tackling shared challenges, encouraging development of solutions, and recognising best practice.

Challenging for action

Through our Leadership Boards (issue, regional, national, and place), we develop thought leadership, research, and subject matter insight. This helps BITC to deliver the business case for responsible business and create clear best practice frameworks for action that others can learn from and follow.

Consultancy/Assessment for Progress

Our diagnostic tools and advice help businesses find their focus through internal consultancy work and training across all areas of responsible business.

30

companies completed the Responsible Business Health Check

16

members were profiled through our Member Monday and Leadership Video social media posts

200

attendees at our Member Conference

Communicating stories to inspire further action

We share stories across the network and for the network to use with their stakeholders at work and in their communities.

Community delivery for impact

We deliver in the heart of communities right across the UK, working on the ground to convene businesses, local authorities, community organisations, and key stakeholders to change lives and transform communities. Businesses trust us as delivery partners for their own initiatives.

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WORKING WITH OUR MEMBERS

Membership Engagement and Value Proposition

We remain committed to strengthening our membership value proposition and driving growth in member acquisition, retention, and engagement through targeted national and regional outreach and marketing initiatives.

In 2024–25, we enhanced member recognition through strategic social media campaigns and refreshed our induction and onboarding processes. These improvements fostered stronger peer-to-peer engagement and contributed to high Net Promoter Scores (NPS). We also focused on clearly communicating the charitable and social value of membership across all key touchpoints.

Looking ahead to FY25/26, the RB Health Check will become a core component of our membership offer. We will introduce a formal recognition mark to acknowledge members’ commitment to continuous improvement and use the tool to provide tailored recommendations that inform engagement plans and support the advancement of responsible business practices.

Enhancing Member Value and Engagement Across the BITC Network

Throughout the year, our strategic focus has been to strengthen the value proposition of BITC membership— ensuring our member companies experience meaningful engagement, tailored support, and opportunities to lead on responsible business.

Looking ahead to 2025–26, we will expand our role as the voice of responsible business—amplifying member achievements through marketing campaigns and integrating recognition into the Responsible Business Health Check. This approach will further elevate member visibility and reinforce the impact of responsible business leadership across our network.

Responsible Business Health Check – Member Engagement and Strategic Integration

Key Achievements in 2024/25:

As part of our broader engagement and diagnostic efforts, we launched the Responsible Business (RB) Health Check this year to provide members with actionable insights, peer benchmarking, and enhanced opportunities for meaningful collaboration. The tool is designed to help organisations assess their responsible business performance and identify areas for improvement.

To date, 30 companies have completed the RB Health Check. Feedback has been overwhelmingly positive, with participants valuing the clarity, relevance, and practical guidance offered. We are actively incorporating member recommendations to enhance the tool’s value and drive wider adoption in 2025/6

The results have enabled deeper member engagement with BITC, supporting the delivery of responsible business strategies and strengthening alignment with our shared goals.

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WORKING WITH OUR MEMBERS

Strategic Priorities for 2025/26:

BITC Northern Ireland Membership

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WORKING WITH OUR MEMBERS

ADVISORY SERVICES

Highlights

BITC’s Advisory Services play a critical role in advancing our Responsible Business agenda by equipping companies with the tools, expertise, and guidance needed to embed best practice across their operations.

In 2024/25, we worked directly with 253 member organisations to support their responsible business journey—delivering measurable progress for diverse stakeholder groups and helping to build fairer, greener businesses. Our expert advisers offer a comprehensive suite of advisory and training solutions tailored to four key areas:

2,948

employees trained through advisory

542

Peer Learning Forum attendees

253

companies engaged with our Advisory Services

64

advisory projects delivered

Our Advisory Team provides integrated, intersectional support—helping members navigate the evolving responsible business landscape. In response to growing stakeholder expectations, tightening regulatory frameworks, and increasing global polarisation, businesses turned to our Advisory Services for strategic guidance and practical solutions.

83%

86%

of advisory of advisory participants feeling participants feeling equipped to take more informed on action as a result of topics covered in delivery delivery

Engagement and Outcomes

Cross Organisational Mentoring Circles

In 2024/25, more than 3,400 employees participated in our workshops, training sessions, webinars, and peer learning forums. Feedback was overwhelmingly positive:

BITC’s Race at Work Cross-Organisational Mentoring Circles is a structured six-month programme designed to accelerate the development of ethnically diverse talent across sectors. The initiative brings together mentees from public, private, and non-profit organisations into mentoring circles led by senior leaders from different organisations.

In addition, our team successfully delivered 64 bespoke advisory projects, supporting members with tailored interventions that drive long-term impact.

Looking Ahead

We continue to evolve our advisory and consultancy offer to ensure it remains relevant, impactful, and widely adopted across our membership. This includes enhancing the value proposition for our Inclusion Champions and expanding access to strategic support that empowers businesses to lead with purpose and deliver meaningful change.

Each mentor facilitates the sessions, sets the agenda, and shares expertise on key professional development topics including networking, relationship management, public speaking, and personal branding. This crosssector approach fosters diverse perspectives, peer learning, and meaningful career support.

To date, 100 mentees and 29 mentors have completed the programme across 14 cycles. Participants have reported tangible outcomes including career progression, achievement of personal development goals, and expanded professional networks— demonstrating the programme’s impact in unlocking potential and driving inclusive growth.

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WORKING TOGETHER

STATE OF THE NATION

Overview

The State of the Nation 2025 report , launched by BITC in partnership with Schroders and Hogan Lovells , captures the perspectives of over 100 senior business leaders from across the UK. It provides insight into the role of responsible business in driving economic growth amidst ongoing social, environmental, and geopolitical challenges.

The findings will inform our ongoing CEO Breakfast dialogues as well as the structure of, and calls to action from, the King’s Seeing is Believing programme.

The report is an annual compilation of insights drawn from the many different interactions BITC has with business leaders in addition to interviews held in the first quarter of the year.

Key Findings

Methodology

The report is based on a mixed-methods approach , combining anonymised surveys and in-depth interviews conducted between January and May 2025. It includes insights from CEOs, Chairs, and Executive Committee members across sectors, alongside input from community leaders.

Leadership Assembly at Mansion House – July 2025

On 9 July 2025 , BITC hosted its annual Leadership Assembly at Mansion House, London , bringing together over 100 senior leaders to launch the State of the Nation 2025 report and galvanise action around responsible business.

Event Highlights

THANKS TO OUR PARTNERS

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WORKING TOGETHER

THE KING’S SEEING IS BELIEVING PROGRAMME

Over the past year, more than 200 senior business leaders participated in 12 Seeing is Believing visits across the UK. These immersive experiences resulted in over 80% of participants committing to direct action. Collectively, they engaged with more than 300 community leaders, individuals with lived experience, and key local stakeholders—building a powerful bridge between business and community.

From Newport to Brent, Glasgow to Tees Valley, and Coventry to Wisbech, leaders addressed systemic barriers in areas such as employment, food insecurity, community investment, and youth opportunity. Their responses included tangible interventions and long-term commitments designed to deliver lasting change.

The programme’s impact extended well beyond financial contributions—though hundreds of thousands of pounds were donated to frontline organisations. It also catalysed deeper relationships, increased volunteering, expanded pro bono support, and fostered sustained partnerships that are driving transformational outcomes.

2024/25 Visit Highlights

Looking Ahead: FY25/26 Priorities

Now entering a new chapter under its royal title— The King’s Seeing is Believing programme —the programme continues to champion business-led action rooted in firsthand understanding. Inspired by His Majesty The King’s vision, the initiative enables leaders to witness community challenges directly and respond with longterm solutions to create meaningful change.

With strategic support from partners such as Linklaters LLP and Salesforce , we are expanding our ambition to reach more communities and engage thousands of business leaders.

A minimum of 10 visits are planned for FY25/26, including:

2025

2026

Other visits planned include Belfast and Blackpool.

THANKS TO OUR PARTNERS

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WORKING WITH OUR MEMBERS

REGIONAL BOARDS

To maximise our impact, BITC must maintain a deep understanding of the needs, challenges, and available business support across all regions of the UK. Our work is guided by Regional Leadership Boards —comprising senior executives—who provide strategic oversight and help drive our social and environmental objectives both locally and nationally.

These Boards play a pivotal role in shaping the agenda for action, collaborating with other leaders to identify region-specific opportunities where businesses can innovate and contribute to sustainable livelihoods and thriving communities.

Each Regional Board focuses on two to three priority areas, aligned with BITC’s Strategic Impact Goals. Their initiatives are designed to deliver tangible, positive outcomes at the local and regional levels.

Place-Based Initiatives

Under the leadership of our Regional Boards, three new Pride of Place programmes have been launched in Hounslow, Bristol, and Southampton. Other Boards continue to play a key role in sustaining existing Pride of Place locations and are actively exploring new opportunities.

Skills-Based Volunteering, Employment Pathways and Community Engagement

In collaboration with the East of England Board, BITC developed the Getting Started with Skills-Based Volunteering Toolkit , offering practical guidance for businesses looking to engage in impactful volunteering.

Regional Boards in the South West, South East, and North East have recently conducted prison visits to better understand the barriers faced by prison leavers and explore how businesses can support their reintegration and employment prospects.

We have also established strategic partnerships with Keighley College (Yorkshire & the Humber) and Newcastle Business School (North East) to support employment pathways for students from disadvantaged communities.

BITC has co-delivered and partnered on regional events and roundtables aimed at advancing the responsible business movement. Notable examples include:

Leading by Example

Over the past year, we have placed strong emphasis on encouraging Board Member companies to lead by example. Advocacy must be backed by action, and we are pleased to see increased participation in initiatives such as Job Coaching, Opening Doors, and the Race at Work Charter.

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WORKING TOGETHER

BUSINESS IN THE COMMUNITY CYMRU – DRIVING INCLUSIVE AND SUSTAINABLE GROWTH ACROSS WALES

Business in the Community Cymru is working in partnership with businesses across Wales to build a fairer, greener economy—one that benefits communities today and future generations tomorrow.

Our values, programmes, and delivery model are closely aligned with the Wellbeing of Future Generations Act. We actively support our members in achieving its goals and in leading the way to inspire national progress.

Leadership and Governance

Our work in Wales is guided by the Wales Leadership Board, a group of 17 member companies chaired by Peter Perry, CEO of Dŵr Cymru Welsh Water. The Board champions responsible business practices and collaborates with us to advance social mobility across the region.

Our vision is to help create a Wales defined by cohesive communities, resilience, inclusivity, and equality—a Wales where future generations can thrive. Together with our partners, we aim to transform how business connects with communities across the nation.

Responsible Business Events and Leadership Engagement

We convene businesses through a series of Responsible Business and CEO Leadership events. In the past year, we delivered seven events across Wales, engaging over 300 delegates and encouraging the adoption of fair work practices and net zero commitments. Additionally, more than 70 senior leaders and CEOs participated in our C-suite events to address the most pressing challenges facing Welsh businesses.

Social Mobility Partnership

Our three-year strategic partnership with Principality Building Society is accelerating positive change in communities across Wales. Together, we are expanding BITC’s Pride of Place programme, convening business leaders, policymakers, local authorities, and community stakeholders around a shared vision for inclusive growth.

This partnership is focused on strengthening local economies, enhancing community resources, and improving access to high-quality employment, training, and education—ultimately driving greater social mobility across Wales.

Strategic Alignment with Government Priorities

We work in close partnership with the Welsh Government to support the ambitions outlined in Stronger, Fairer, Greener Wales: A Plan for Employability and Skills . Our efforts are focused on supporting young people, enabling a just transition to net zero, fostering green growth, and tackling economic inequality.

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WORKING TOGETHER

BUSINESS IN THE COMMUNITY SCOTLAND

Over the past year, the Scotland team have been focused on strengthening and growing the network, adding value to our members, and bringing in funding to support the growth of our activity and impact in Scotland.

We developed a strong calendar of high-quality events, senior executive networking opportunities, and practitioner peer-learning, as well as impactful delivery on the ground that brings social impact strategy to life. Our events have been well-attended, with over 400 delegates at our in-person events and an 81% attendance rate. We have continued to build our relationships with both local and national governments in Scotland, and across the third sector to drive systemic change.

Our Scotland Director sits on senior working groups for business and the wellbeing economy, alongside representatives from the Scottish Government, as well as having served their second year as a Just Transition Commissioner in Scotland. Ministerial-level engagement has been good throughout the year and has provided a visible platform for BITC in Scotland, and we are confident this will lead to other opportunities for highprofile engagement and opportunities.

Our strategy and activity in Scotland are shaped and led by our Scotland Leadership Board, with support from our wider member network. The board is made up of senior employees from Scottish businesses and organisations and has continued to welcome new members this year. Our current chair is Judith Cruickshank, Managing Director, Commercial Mid-Market, Scotland NatWest Group. The Leadership Board in Scotland had two key priorities in 2024/25: social mobility and our place-based work in Scotland.

Social mobility: A subgroup of our Board has focused on how BITC’s network of businesses can share and develop social mobility best practice across Scotland. The group have completed an assessment of the current landscape in Scotland, focused on the drivers of social mobility in Scotland, and created case studies on what social mobility means for a business. The group’s work culminated in an Advancing Social Mobility in Scotland report, which was launched at an event held at the City Chambers in Glasgow in June.

Place: Our place-based work in Scotland has gained significant momentum over the last 12 months. Our Place Steering Group coordinates our place-based activity across Scotland, with organisations including Wheatley Group, Scottish Futures Trust, COSLA, Corra Foundation, Scottish Government, Bakkafrost, Santander, Scottish National Investment Bank and Crown Estates Scotland. Our first place in Scotland – Glasgow – is now established, well-funded, and has already hosted a Seeing is Believing visit focused on food insecurity, led by the Roisin Currie, CEO of Greggs.

Our next places in the pipeline are Aberdeen and Kirkcaldy, where we are already starting to work with community themes on Health & Wellbeing, Social Mobility in action and Just Transition. The Board has also agreed another six potential places that we will consider as our place work in Scotland develops.

We have another key project running in Scotland, that overlaps this year and next: our in-work poverty project supported by the Robertson Trust. The first phase on the in-work poverty project for Scotland has been focused on reviewing the evidence and has culminated in a report. It marks the first step in a three-year award supported by The Robertson Trust’s Programme Awards through their Work Pathways theme. The aim of this Programme Award is to support projects with the potential for big change that lasts through the priority focus on improving job quality to tackle in-work poverty in Scotland.

The Scotland team has also done a great job of continuing to build our profile in Scotland, with subscription growth of 56% for the locally produced newsletter and 22% growth of followers in LinkedIn. Social media campaigns focused on key moments, like Scottish Apprenticeship Week, have contributed to this growth, as has the engagement of our members, in this case Aegon, Coutts Bank, Wheatley Group, and Business Stream, in sharing case studies for these campaigns.

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WORKING TOGETHER

BUSINESS IN THE COMMUNITY NORTHERN IRELAND

Working with more than 250 businesses, Business in the Community Northern Ireland (NI) continues to demonstrate the power of responsible business through collective action, partnership, and innovation. The team’s three-year strategy, Fit for the Future, came to a close in June 2025, seeing NI businesses continue to deliver against key priorities of Education and Skills, Inclusion and Environmental Sustainability.

Our Northern Ireland Advisory Board is formed from senior leaders from a range of industry sectors. They set the strategic direction for our work in Northern Ireland and oversee the regional operation.

This board works with the Northern Ireland team to inform and challenge the devolved Northern Ireland Executive, seeking to engage its support across the nine government departments and ensure responsible actions are led by government and business. This included responding to government consultations, engaging at Ministerial levels and throughout departments.

Key achievements working with our members in 2024/25 include:

People

Place

We also continue to support companies on the environment as detailed in the Planet section of the report.

In the year ahead, we will continue to build on these successes and ensure businesses continue to be a force for good across the region.

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PEOPLE AND PLACE

Our work on People and Place encompasses our Pride of Place programme, our community delivery programmes, and our campaigning on race, gender, wellbeing, and employment, education, and skills.

Through our Community Impact work, we engage businesses and their employees to deliver social impact locally, showing up in communities up and down the country, every day.

We need to be confident in our value, and to do that, we must demonstrate impact. We focus our work, including our programmes, our place-based

activity, and initiatives such as our Community Climate Fund, on delivering the greatest impact they can, so that we can learn and inspire others.

We continue to work closely with our members and partners to strengthen communities across the UK, focusing on employment, work readiness, and wellbeing. Through our strong connections in communities, and teams based across the UK, we are able to leverage the unique strengths of business and help bring our members’ ambition for impact to life.

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PEOPLE AND PLACE

PLACE

Across communities in the UK that have faced longstanding challenges, BITC’s Pride of Place programme brings together individuals from diverse backgrounds to co-create a shared vision for a brighter future. By fostering collaboration, encouraging sustained investment, and building local confidence, the programme empowers communities to take meaningful action—enabling millions to thrive in the places they call home.

Placemaking requires a serious commitment to a place – it is long-term and transformational, underpinned by some core principles:

2024/25 Achievements and Strategic Progress

Expanding Impact Across the UK

In 2024/25, we increased the number of active places— where BITC and our partners are driving meaningful change—to 18. We refined our placemaking methodology through the development and rollout of a structured Gateway process, enabling partners to enhance their local initiatives and improve delivery quality through informed, evidence-based support.

Knowledge Sharing and Learning

We launched the Pride of Place Learning Hub at our inaugural Pride of Place Summit. This dynamic platform offers a growing repository of evidence, tools, and guidance to help organisations build effective placebased partnerships.

Strengthening Existing Places

We focused on sustainability by reinforcing governance structures in our existing places, establishing robust local Boards comprising representatives from businesses, local authorities, and community partners.

Establishing New Places

We are committed to having a named place in every UK region and nation, supported by a pipeline of emerging locations. In 2024/25, we activated new place-based programmes in Bristol (South West), Southampton (South East), and Glasgow (Scotland) using our Gateway model. We are also collaborating with the North East, East Midlands, and Welsh Boards to develop additional regional initiatives.

Connecting Businesses and Schools to Drive Local Impact

BITC engages employers in places through schoolbased programmes such as See It Be It and Business Encounters , designed to boost academic attainment, attendance, aspirations, social mobility, and local economic development.

Building Capacity and Resources

To scale our approach, we codified our placemaking framework into a practical toolkit and initiated the development of an impact evaluation model. A comprehensive suite of tools and resources—including regional prospectuses—is underway to support our expanding network of places.

National Leadership and Advocacy

BITC continues to shape the national conversation on placemaking, positioning itself as a thought leader in this space. In May 2025, we convened over 200 organisations at our first Place Summit , following the publication of our Place Vision brochure, which outlines our strategic approach and opportunities for collaboration with government at all levels.

THANKS TO OUR PARTNER

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PEOPLE AND PLACE

Operational Activities Driving Trust and Traction in the Local Community

Focus on Blackpool:

Blackpool:

Fylde Coast Careers Fair – January 2025:

Sheffield Business Together (SBT):

Local Business Networks Driving Place-Based Impact

In Rochdale, Blackpool, and Sheffield, BITC has established local business networks to engage small businesses in strategic Pride of Place initiatives and broaden stakeholder involvement.

Rochdale:

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PEOPLE AND PLACE

Delivering Campaigns in Place: Sheffield Case Study

Seeing is Believing in Place

Sheffield was the first city to launch BITC’s Opening Doors campaign, showcasing how targeted initiatives can drive inclusive recruitment at a local level. Grounded in the evidence-based ‘5 Keys to Inclusive Recruitment’, the campaign enables employers of all sizes and sectors to participate in building a more inclusive hiring culture— ultimately enhancing productivity and economic growth across the city.

Seeing is Believing in Place: Norwich – June 2025

In June 2025, BITC led a Seeing is Believing visit to Earlham, Norwich, engaging senior business leaders in local interventions. The initiative showcased how targeted business involvement can accelerate placebased impact.

Business Engagement Highlights:

The campaign launch on 26 June attracted 350 employers, with leading member businesses—Aviva, Irwin Mitchell, Amey, and HLM Architects—highlighting the moral, commercial, and economic case for involvement. Additionally, 23 local organisations representing underrepresented groups hosted engagement stalls, sharing lived experiences and practical guidance on removing barriers to employment.

The event received overwhelmingly positive feedback and sparked valuable connections. With a goal of securing 100 employer sign-ups in Sheffield, the campaign is already gaining strong momentum.

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PEOPLE AND PLACE

OUR COMMUNITY DELIVERY PROGRAMMES WORK

Our programmes from Job Coaching to Let’s Care Together, enable businesses and their employees to support those in need, to share their professional skills, and to help build resilience in individuals and across communities. Our programmes run across the UK, including in Northern Ireland.

Job Coaching Programme

BITC’s Job Coaching programme is delivered through a brokerage model that enables us to match volunteers from our member organisations with individuals in the community seeking employment support. This approach is used across several of our initiatives and offers beneficiaries the opportunity to choose their coach, fostering a more personalised and empowering experience.

We are proud that our volunteer base increasingly reflects the diversity of the communities we serve—an important characteristic we aim to strengthen further as part of our commitment to inclusive support.

By equipping business volunteers with job coaching skills and delivering the service online, we ensure that support is accessible to individuals regardless of geographic location. Programme outcomes demonstrate strong impact:

In the past year, we saw:

Refugee Support Interventions

To support skilled refugees from Ukraine, Afghanistan, and Syria facing barriers to meaningful employment, we have continued our partnership with World Jewish Relief to deliver targeted job coaching through the STEP Ukraine Refugee, SW REP Refugees, and STEP Refugee programmes. This initiative helps individuals navigate the UK labour market, align their expertise with suitable opportunities, and build pathways to sustainable careers.

Barclays LifeSkills

Through our longstanding relationship with BITC Founding Member Barclays, we continue to help those who have yet to start their careers to get the skills and experiences they need to enter the world of work, through the Barclays LifeSkills programme.

In the year:

We continue to deliver the programme in FY25/26 in Wales, Scotland, and Northern Ireland.

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PEOPLE AND PLACE

Let’s Care Together

We continue to work with Simplyhealth to develop one of our key community programmes, ‘Let's Care Together’, which supports the wellbeing of unpaid carers. This bespoke programme, developed with a member business, utilises our brokerage model to match volunteers from the workforce, with beneficiaries in the community.

In the year:

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PEOPLE AND PLACE

OUR CAMPAIGNS

Highlights

Employment & Skills

BITC collaborates with a network of senior business leaders who champion and guide our efforts to improve social mobility through education and employment. Our mission is to positively impact one million lives through purposeful business action—ensuring every young person and jobseeker has the skills, pathways, and support needed to thrive in the workplace.

Our Employment and Skills Leadership Team, currently comprising 11 members and chaired by Steven Cooper, CEO of Aldermore Bank, plays a critical role in shaping this agenda. We aim to expand this team to 15 members over the coming year.

Opening Doors Campaign: Advancing Inclusive Recruitment

The Opening Doors campaign, designed to promote inclusive recruitment practices, began the year with 84 participating employers—collectively making 1.2 million jobs more inclusive. Our target was to reach 1.7 million inclusive jobs with 120 employers and whilst we added 300,000 inclusive roles, we exceeded our employer target, reaching 147 signatories.

Looking ahead to FY25/26, we plan to further expand employer engagement and publish the Opening Doors Progress report. This report will present insights from a survey of campaign signatories, highlighting the most impactful inclusive recruitment practices and identifying priority areas for the next 12 months.

271

147

employers with employers signed up 1.3 million total to Opening Doors, employees have with 1.5 million jobs signed up to Ban the made more inclusive Box

464

11

Attendees at 6 Opening Doors events

members of the Employment & Skills Leadership Team supporting the creation of 10 pieces of content

Over the past year, we delivered six employer sessions, hosted a social mobility-themed SIB visit, and saw a 60% increase in employer engagement with Opening Doors— resulting in over 1,000 actions taken to make jobs more accessible.

Scaling Impact Through Place-Based Action

To deepen our regional impact, we are scaling the campaign through place-based initiatives by:

Stimulating Business Action on Social Mobility

BITC continues to drive meaningful change by:

This year, we piloted our first place-based Opening Doors programme in Sheffield, engaging over 300 attendees and 20 signatories in its first month. In FY25/26, we plan to launch two additional place-based initiatives.

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PEOPLE AND PLACE

Sharing Evidence of What Works

A core component of our campaign is to share actionable insights and best practices by:

Ban the Box: Promoting Fair Recruitment

The Ban the Box campaign urges UK employers to remove the criminal conviction tick box from job application forms, allowing candidates with criminal records a fair opportunity to apply. To date, 270 employers have committed to the campaign, making 1.3 million jobs more inclusive.

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PEOPLE AND PLACE

Gender

The Times Top 50 Employers for Gender Equality – Strategic Update

Now in its 13th year, The Times Top 50 Employers for Gender Equality , delivered by BITC, remains the UK’s most prominent and respected benchmark for organisations committed to fostering inclusive workplaces where all employees—regardless of gender— can thrive. The listing rigorously assesses policies, practices, and workplace culture across key drivers of gender equity, with criteria refreshed annually to reflect evolving best practice and the changing world of work.

Collectively, recent applicants represent between 4–8% of the UK workforce, giving BITC a unique vantage point to analyse organisational approaches and share actionable insights across sectors.

Highlights

60%

of The Times Top 50 (TT50) Employers for Gender Equality are BITC members

7

Gender Leadership Team members

25%

of TT50 applicants were new this year

2024/25 Performance and Insights

While our goal was to increase applications by 25%, external factors contributed to a slight decline compared to 2023/24. Encouragingly, 25% of this year’s applicants were first-time participants—demonstrating growing interest and commitment to gender equity. We remain focused on expanding the initiative in the year ahead.

In January 2025, we published The Business Case for Gender Equity , reinforcing the strategic importance of inclusion—particularly in emerging areas such as climate resilience and technological transformation.

Leadership and Governance

Following the departure of two member organisations from the leadership team, the Chair and Gender team are prioritising growth and renewal of the group to strengthen our campaigning capacity and ensure continued momentum on this vital agenda.

Looking Ahead: 2025/26 Priorities

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PEOPLE AND PLACE

Wellbeing

Highlights

This year, our Wellbeing campaign centred on empowering employers to prioritise people and embed meaningful action. Through the launch of the Prioritise People: The Next Step report—developed in collaboration with the McKinsey Health Institute—we placed greater emphasis on practical implementation, showcasing best practice and actionable insights.

We supported organisations with a suite of tools, including the Workwell Self-Assessment Tool, alongside tailored guidance to advance their wellbeing strategies. As a result, we reached 1.61 million employees by helping employers measure and evaluate their wellbeing journeys, providing benchmarking and bespoke recommendations to drive improvement.

Looking Ahead:

1.61

million employees represented by those organisations completing Workwell SAT

9

Wellbeing Leadership Team members

199

Workwell SelfAssessment Tool (SAT) completions

29

organisations signed up to the Workwell Commitment

FY25/26 Priorities

We aim to position employers as leaders in wellbeing and inclusion, particularly in response to the evolving needs of a multi-generational workforce.

At the start of the year, we wanted to increase the number of signatories to the BITC Workwell commitment, with a target of reaching 50 by June 2025. We remain focused on expanding this number further in FY25/26, strengthening our collective impact across sectors.

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PEOPLE AND PLACE

Race Equality Campaign – 30[th] Anniversary

2025 marks the 30th anniversary of BITC’s Race Equality campaign. This milestone year is being celebrated by building on our legacy, deepening our campaigning efforts, and leveraging insights to drive greater impact.

Anniversary Activities and Thought Leadership

To commemorate the anniversary, we hosted three thematic webinars:

These sessions were supported by the publication of trend papers on leadership and progression. We also refreshed our toolkits and launched a new sponsorship, mentorship, and coaching framework, accompanied by a progression trends infographic, available on our website.

Looking ahead to FY25/26, celebrations will continue, with a major reception planned for 2026. With support from KPMG and others, we will amplify the Race at Work 30th anniversary campaign through strategic storytelling and creative content—showcasing progress, inspiring action, and reinforcing the business case for racial equity.

Race at Work Charter – Progress and Reset

The Race at Work Charter, launched in response to the McGregor-Smith Review (2017) and BITC’s Race at Work Scorecard (2018), outlines seven key actions to advance race inclusion. These include commitments on allyship and inclusive supply chains.

Despite targeting 1,200 signatories by year-end, we achieved an 8.57% increase—from 1,050 to 1,140. Shifts in the global EDI landscape, particularly in the US, have led some multinational organisations to adopt a more cautious stance on public commitments, contributing to a slowdown in new sign-ups.

In FY25/26, we will initiate a Race at Work Charter reset, aiming to secure 100 new signatories. This will include outreach to BITC members not yet signed up and encouraging existing members to recommit. The refreshed Charter will feature updated commitments, with a sharper focus on tackling NEET (not in education, employment, or training) and embedding leadership accountability across all areas. We are also exploring potential government support to accelerate sign-up growth.

Highlights

1,140 7.8 Race at Work Charter million employees signatories in Race at Work Charter signatory organisations

12

7

Race at Work Charter events

Race Leadership Team members

314

Race Equality campaign event attendees

Diverse and Inclusive Supply Chains (DISC) – Insights and Engagement

In FY24/25, we advanced our DISC campaign by generating evidence-based insights from over 5,000 organisational responses and 2,800 programme-linked inputs. These findings informed the launch of the Diverse & Inclusive Supply Chain report in October 2024, supported by a practitioner webinar, attended by 129 stakeholders.

Further engagement included:

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PEOPLE AND PLACE

We will publish a follow-up report in March 2026, reflecting insights from these discussions. Continued collaboration with the Department for Business & Trade will focus on promoting fair and prompt payment practices.

Member Support and Strategic Engagement

Throughout the year, we delivered Supply Chain Insights Surgeries to help members interpret research findings and apply them to supplier engagement strategies. These sessions were integrated into the Race at Work Surgeries , rebranded as Race at Work Charter & DISC Surgeries following the DISC report launch. An additional session in December 2024 focused on Charter Commitment 7 – include Black, Asian, Mixed Race, and other ethnically diverse-led small businesses, founders, and enterprise owners in supply chains – and DISC insights.

In FY25/26, supply chain inclusion will remain a priority for the Race Champion Charter Group. We will convene targeted procurement sessions to enable deeper engagement with government and explore specific procurement challenges.

Youth Futures Foundation Partnership

In 2023/24, BITC launched a strategic three-year partnership with Youth Futures Foundation, aimed at supporting disadvantaged young people into education, employment, and training. This collaboration brings together cross-functional expertise from across BITC, and we are energised by the shared ambition and future potential of this partnership.

As part of our joint efforts, we delivered the first Seeing is Believing visit in partnership with Youth Futures Foundation in Brent on 6 November 2024, with planning underway for the next visit in Burnley. These immersive experiences are designed to connect business leaders with the lived realities of young people and inspire meaningful action.

In January 2025, we convened a pilot group of progressive businesses to explore and share approaches to reducing workplace barriers for young people. The first phase of this initiative will launch in September 2024, supported by a robust evaluation and review framework. Insights will be collected biannually and disseminated through our campaign, enabling the wider business community to adopt best practices and drive inclusive employment outcomes.

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OUR WORK FOCUSED ON THE PLANET

BITC continues to inspire, engage, and challenge leaders across our network to take meaningful, practical steps toward accelerating climate action. Our approach is designed to build momentum by:

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OUR WORK FOCUSED ON THE PLANET

COMMUNITY CLIMATE FUND

The Community Climate Fund was established to address the dual challenges of climate change and the rise in the cost of living through grassroots, community-led climate action. By supporting locally driven initiatives, the fund ensures that solutions are tailored to the unique needs of each community.

Progress to June 2025

Community-Led Delivery

Our success is rooted in local presence. Senior Leads in each location have invested time to build trust and embed BITC’s work within the local support ecosystem— bridging community organisations, businesses, local authorities, and other stakeholders. As one community member shared, “Support must not be parachuted in—it must reflect local need.”

In Salford, for example, a series of three community conversations began in March, with the first event welcoming 26 attendees from over 20 organisations, including grassroots groups, anchor voluntary organisations, council representatives, and businesses.

Pilot Projects and Impact

Funded projects range from £2,500 to £29,000, offering a diverse portfolio of case studies and scalable models. Notably, four (soon to be five) LED retrofit projects have been delivered across Tees Valley, Norwich, and Bradford. These installations have informed our approach to energy efficiency, enabling us to develop robust impact analysis and explore scalable delivery partnerships. We are currently assessing energy and cost savings to inform future expansion.

Strategic Project Development

By June 2025, several strategic initiatives were underway:

Tees Valley – Seeing is Believing

Tees Valley was the first location to operationalise the Community Climate Fund programme. In April, Louise Kingham of bp led a King’s Seeing is Believing visit, enabling business leaders to engage directly with community challenges and co-create long-term solutions. The visit catalysed momentum, leading to plans for a Redcar and Cleveland Board and a three-year financial commitment from businesses to support local delivery.

Aberdeen – Just Transition Collaboration

In April 2025, BITC began a contract with Aberdeen City Council to convene stakeholders, build on existing research, and co-design practical interventions aligned with Scottish Government targets. Supported by bp, Shell, Barclays, SSE, and ACC, the project is structured in three phases:

1. Steering group formation and stakeholder mapping

2. Deepened engagement and research

3. Proposal development for long-term collaborative action

The initiative aims to create inclusive pathways in the energy transition, focusing on retrofitting, green skills, and community engagement—ensuring local voices shape the solutions.

For detailed case studies, refer to the Community Climate Fund Impact Report (April 2025).

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OUR WORK FOCUSED ON THE PLANET

Looking Ahead to 2025/26

BITC currently supports three Just Transition Hubs (Tees Valley, Bradford, and Salford) and two Pride of Place locations (Coventry and Norwich). Our priorities for the coming year include:

THANKS TO OUR PARTNER

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OUR WORK FOCUSED ON THE PLANET

National Leadership and Advocacy on Just Transition

With support from Royal London, BITC launched a new research and advocacy programme to elevate the role of a Just Transition in advancing the UK Government’s core missions. Our work centres on demonstrating how public policy can enable the financial sector to unlock private capital for inclusive climate action.

In FY2024/25, we commissioned the University of Exeter to conduct a comprehensive literature review and engaged 95 senior leaders from BITC member organisations and stakeholder groups through interviews, roundtables in London and Edinburgh, and Regional Board sessions. In FY2025/26, we will conclude this work with high-level engagement at the Labour Party Conference and a formal Parliamentary launch of our final report.

Nature and Resilience Insights Series

Nature and resilience remain central to our environmental sustainability agenda. While we initially planned to deliver a Nature & Resilience Lab, we pivoted to a more accessible format—launching the Nature and Resilience Insights Series. This shift enabled broader member engagement, with two sessions held in FY2024/25 and a third scheduled for September 2025. These sessions have provided valuable insights into member needs, which will inform future programming and support.

Green Skills Labs and Blueprint

Building on the success of the Green Skills Lab delivered in FY2023/24, we published the Green Skills Blueprint , featuring case studies that highlight participant outcomes and impact. In FY2024/25, we explored opportunities to develop a second phase of the programme and tested interest in place-based delivery models. A scalable framework has now been developed, and in FY2025/26, we will continue to explore implementation opportunities to support regional green skills planning.

Royal Warrant Sustainability Assessments

BITC continues to oversee the Royal Warrant Sustainability Assessments, granted by HM The King and HM The Queen. In 2024, we completed assessments for 500 companies as part of the first intake under His Majesty’s reign. An additional 100 submissions were reviewed in autumn 2024 and assessed by the Committee in December.

To enhance the experience for participating companies, we invested in the development of the assessment platform in spring 2025. This upgrade introduced automated scorecard generation, supporting continuous improvement and encouraging sustainability leadership among Royal Warrant holders.

Northern Ireland Environment Work

Our team in Northern Ireland continues to engage and support their local businesses on the environment.

Highlights in the year include:

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•p OUR ORGANISATION

OUR ORGANISATION

OUR PEOPLE

As an employer, Business in the Community’s long-term goal is that we attract and retain a diverse workforce who can achieve their best in an inclusive culture. We want all our colleagues to feel engaged, empowered, accountable and supported throughout their colleague journey.

Our key people objectives in FY24/25 were:

Attract: Ensure our candidate proposition delivers the right calibre of candidate and a diverse candidate pool.

Engage: Embed effective use of all our colleague voice mechanisms to drive engagement and advocacy. Improve our ways of working so we are seen as a wellrun organisation by colleagues.

Growth: Understand the skills needed now and for the future and put plans in place to address. Cultivate a high-performance ethos through robust performance management and ensuring alignment of colleague objectives with our priorities and the impact we want to see.

Thrive: Continue to embed good wellbeing practices and place the ownership and accountability for growth learning and development with leaders and colleagues alike. We will continue our sponsorship programme to support ethnically diverse colleagues development.

Trust and Empower: Empower our line managers and senior leaders to ensure the right behaviours are in place and our values are truly embedded enabling colleagues to trust that we walk the talk. We will use our own RB health check to assess our own status as a responsible employer and drive the right people plans.

These were overseen by our BITC Executive and, ultimately, the BITC Board.

2024/25 Progress

Hearing our colleague voice was vital to further enhance our already strong employee proposition. We changed provider to Best Companies in FY24/25 and achieved a score of 671.1 which confirms BITC as a one-star rated company. We continued to work closely with our recognised union partners, Community and our Employee Forum of elected colleagues alongside our colleague networks to hear and act on colleague feedback. We analysed where our core capabilities and strengths lie and where there are gaps in the skills we need to ensure future success. We used this insight to start to develop our organisational skills plans and reinforced the importance of good individual development conversations and

plans. We continue to have great success in the use of apprenticeships alongside coaching programmes available for all our colleagues.

We continue to manage our staff structure through a job framework which gives transparency and guidance around expectation of roles and support with colleague career paths.

Supporting the wellbeing of our colleagues remains a priority, from supporting our managers and colleagues to have regular wellbeing conversations to enhancing our benefits including embedding our paid caring leave and promotion of access to practical wellbeing guidance and resource.

As a responsible business we believe we must walk the talk, and we continued to encourage colleague volunteering. We welcomed two paid sixth form interns into our organisation for a month this year as part of our ongoing commitment to improving opportunities for young people to gain experience of work as well as two individuals on from an international exchange programme.

As signatories of the Race at Work Charter we remain committed to ensuring we are a truly inclusive employer. Our target continues to be that 20% of our colleagues are from Black, Asian, Mixed race or other ethnically diverse groups and at the end of financial year we were 19.21% (June 2025) compared to 19.7% (June 2024). As of June 2025, we continue to meet our target that at least 20% of the Board of Trustee Directors should be composed of Black, Asian, Mixed race other ethnically diverse, trustees and will ensure we continue to meet this in the future.

Our sponsorship programme for those colleagues from an ethnically diverse background is embedded well with a new tranche of colleagues undertaking sponsorship in FY24/25. The learnings from this have been taken forward into our 2025/26 people plans.

Business in the Community as an employer is not required to carry out Gender Pay Reporting under the Equality Act 2010 as our headcount is below 250. However, we believe in monitoring and reporting our gender pay gap to be crucial, so that we can address any gaps and ensure that men and women at BITC can progress equally. There is also currently no legal requirement to report on ethnicity pay gaps, but we believe that it is incredibly important to do so and have been encouraging other organisations to report and the government to legislate this.

We use our median pay gap as this is in line with reporting of national statistics reported by the ONS.

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OUR ORGANISATION

Our median gender pay gap for 2025 is 5.8%, this is an increase of 2.3% from 2024.

The median ethnicity pay gap has increased year-onyear, widening from −1.3% in 2024 to −1.59% in 2025.

We are committed to ensuring our policies and practices are fair and inclusive and strong, to help address workplace inequalities.

2025/26

Thrive: Continue to embed good wellbeing practices and place the joint ownership and accountability for growth, learning and development with leaders and colleagues alike. We will continue our Executive sponsorship programme to support ethnically diverse colleague development empowering them to achieve their future aspirations.

Trust and Empower: Empower our line managers and senior leaders to instill the right behaviours to ensure our values are truly embedded and colleagues trust that we walk the talk.

Our key people objectives are:

Attract: Ensure our candidate proposition delivers the right calibre of candidate and a diverse candidate pool

Engage: Embed effective use of all colleague communication channels and our Colleague Journey to drive engagement, trust and advocacy. Have a clearly defined culture that all colleagues embrace and have confidence in. Growth: Understand the skills needed now and in the future and put plans in place to address potential skill gaps. Cultivate a high-performance culture through accountability, ownership and engaging performance and development conversations which support colleague growth and career planning. Ensure alignment and relevance of all colleague objectives with our priorities and the impact we want to achieve.

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OUR ORGANISATION

NET ZERO

Our Carbon Footprint

Our carbon emissions cover all BITC’s operations across the United Kingdom. For this financial year, our carbon emissions measured a total of 98 tonnes of CO2e (2024: 108 tonnes of CO2e).

We have set out with a broad target of reducing our emissions focusing on those areas most responsible for our emissions.

The current year saw a reduction across all scopes with the greatest reduction from scope 3 emissions. Carbon emissions from the last four years are shown below:

Emissions in June 2022 were affected by lockdown, where employee mostly worked from home and business was carried out virtually. The emissions in 2023 reflect our return to ‘business as usual’ (hybrid working) with a higher level of employee commuting and business travel compared to the prior year. We have since seen emissions reduce as we have seen a reduction in staff, more home workers and therefore less commuting and reduced emissions from facilities (reduced space and green tariffs). it is expected that our reported emissions will remain at the same level next year.

Our emissions for the year are broken down as below:

Scope 1: Emissions reduced in the year, measuring at 25.8 tCO2e (2024: 29 tCO2e). This was due to reduction in oil consumption from our BEAM office now used only for occasional events.

Scope 2: A small reduction in emissions, now measuring 1.4 tCO2e (2024: 2 tCO2e), due to a change in use of our office space.

Scope 3: As the following graph shows, the majority of our Scope 3 emissions are predominantly Employee Commuting and Business travel. There was a decrease in our emissions from 76 tCO2e to 70.8 tCO2e with this split predominantly between employee commuting and business travel.

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OUR ORGANISATION

This year’s emissions reflect an increase in travel mainly relating to our growing Place programme and travel to deliver on specific projects and a reduction in commuting year on year of 36%. This is due to more colleagues being on home working contracts, less time working from the offices, as well as more commuting using less carbon emitting modes of transport. More colleagues walked and cycled to work, with an increase in carpooling compared to the prior year.

The graph below shows the changes in travel, year on year.

During the year, we have made changes to encourage and improve waste management in practice especially to reduce what goes into landfill. Waste is categorized into mixed recycling, food waste for composting, confidential waste which is recycled and general waste.

Future Plans

In 2025/26, we will be working on:

Business Travel Employee Commuting

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OUR FINANCES

FINANCE REVIEW

The financial statements for the year have been prepared in accordance with the Statement of Recommended Practice, Accounting and Reporting by Charities SORP FRS 102.

The accounts incorporate the results of Business in the Community (BITC) and its subsidiaries (BITC Trading and Advisory Ltd and Scottish Business in the Community [dormant]).

In overall terms, BITC recognised a net total decrease in the year in total funds of £985k (last year increase of £4,377k). This year we saw:

Movement in Unrestricted Funds (£246k)
Movement in Restricted Funds (£719k)
Movement in Endowment Funds (£20k)
Total Movement in Funds (£985k)

Incoming resources, as reported in the Statement of Financial Activities on page 51 were £12.9 million in 2025 (2024: £18.4 million). These total incoming resources are shown below by income stream.

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FINANCE REVIEW

The principal reason for the decrease in both income and reserves in the year is that we have had no equivalent donation in the year compared to the £5.1m recognized prior year relating to the Community Climate Fund, of which £4.5m remained as unspent restricted reserves as at June 24. During the year, we have used some of that fund and other restricted funds held in line with planned activity.

The loss in unrestricted income shows the continued difficult trading backdrop where we saw a reduction in membership fees received of £460k, a decrease in advisory income of £460k and Leadership Teams income of £176k partly due to the cessation of the Cost of Living task force. We continue to review our membership proposition to address the fall in income, seeking strategic partnerships, and are building a strong consultancy offer.

Programme funding grew as we secured new funding for our Place activities sponsored by Aviva, this more than offset reductions in our community programme work related to Job coaching and NBRN.

Our operations in Northern Ireland experienced another strong year with good membership renewal rates and sponsorship.

Other income (a combination of State of the Nation, SIBS, Interest received and other donations) grew by £406k helping to reduce the impact of fall in income in other areas.

Gifts in kind income increased by £178k to £769k (2023/24 - £590k) with increased support for gender and inclusion campaigns in the year. We are thankful for this vital contribution given by our member companies.

Total expenditure decreased by £86k and amounted to £13.9m for the Financial Year 2024/25 (2023/24 – £14m).

We saw decreases in our other cost lines as we have continued to reduce overheads with Facilities and office costs down by £174k having downsized our London office space and changes to our IT systems. Project cost decreased by £38k. The decreases were offset by an increase in Gift in kind of £178k matching the increase seen in income and an increase in contractor costs of £66k.

Business in the Community had one active subsidiary during the year supporting its activities, BITC Trading & Advisory Limited. This represents the trading arm of the organisation, with income generated through advertising and sponsorship activities. The company had income of £471k (2024: £589k) and generated a profit of £405k (2024: £450k). As in prior year all profits have been donated to the parent charity.

All BITC’s income, including members’ contributions, is used solely to finance expenses incurred in connection with its mission.

The negative movement in unrestricted funds of £246k (2024: £210k decrease) represents a decrease in free reserves available to support any part of the charitable undertakings of the company.

The net movement in the unspent restricted funds arises from the differences in timing between the recognition of the income and the incurring of the related expenditure. This year the restricted funds of £5,798k at 1 July 2024 decreased by £719k (2024: £4,606k increase) to £5,079k at 30 June 2025. The largest reason for this decrease is the use £1m of funds relating to the Community Climate Fund.

The endowment funds connected with the development of the BEAM project reduced by £20k to £285k (2024: £20k decrease to £305k).

The main area of decreased expenditure was salary costs, which reduced by £143k through natural turnover. This was not as significant as the reduction in the prior year as we grew the Place and Community Climate team supported by income.

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FINANCE REVIEW

Economic Conditions and Going Concern

We continue to be able to access funds from our member companies and from the public sector where our core initiatives demonstrate that they meet both societal need and funding expectations. Societal need for the activities we campaign, support and deliver on has never been greater focusing the work we required on matters of inclusion and the environmental challenges we face.

However, due to the reducing income levels and reduced reserves, the charity has undertaken the following:

Reserves and Reserves policy

The total consolidated reserves of the Group were £6,007k at June 2025 (2024: £6,992k). Of this, £285k (2024: £305k) is held as endowment funds reflecting the value of fixed assets donated to the charity, £5,079k (2024: £5,798k) is held as restricted funds where the application of such funds is restricted to a given activity within the overall objectives of the Group. The remaining reserves are unrestricted or designated funds and include £390k attributable to fixed assets which are, therefore, not freely distributable. The residue of £253k is designated as free reserves.

The company holds those free reserves to provide working capital to finance its day-to-day operations and to provide a safeguard against any unforeseen contingency, including a downturn in support or activity, that could lead to expenditure exceeding income, and ultimately to protect its solvency in the event of any curtailment of its activities. The policy, determined by the Directors, is to reflect what minimum level is adequate for its needs in a changing environment. An evaluation of the costs of total cessation in a worst-case scenario has been carried out which estimated that such a scenario would require a minimum level of unrestricted free reserves of £2,179k.

Currently free reserves are significantly below the level that the policy requires and therefore a plan to reduce this gap has been developed. It is the aim of the charity that within three years we will have returned to a position where reserves are at the minimum required by the reserves policy.

We have reviewed our potential income streams over the next 18 months and stress tested them to determine the resilience of our financial position to further shocks.

Consequently, we have a reasonable expectation that BITC has adequate resources to continue in operational existence for the foreseeable future. The accounts have therefore been prepared on the basis that the charity is a going concern.

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FINANCE REVIEW

Risk policy

The Board is responsible for the management of the risks faced by the Company and the Group. A risk management process is in place and continues to be refined and enhanced with the assistance of the Finance & Audit Committee.

Through this risk management process, the Directors have identified the key risks to which the company is exposed and the actions in place to address them.

The significant risks facing the charity are:

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Key risks identified by our review Controls and mitigations
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Macro-economic uncertainties, could cause Control: relationship management working closely with
businesses to cut discretionary expenditure, members to highlight the relevance of BITC’s activity and
causing a loss of members, or lower programme campaigns to current challenges.
participation. Mitigations: Implemented fnancial stability plan. Widening
diversifed income streams. Securing longer term funding
commitments.
BITC’s purpose, programmes and services could Control: close monitoring of core and fxed costs in relation to
become out of step with the needs and interest of income, especially long-term commitments. Forward planning of
businesses causing a reduction in member resource need.
numbers and income.
Mitigations: maintain and improve fexibility and agility of our
internal structures to deliver on new opportunities or support
cost reductions to meet changes in income. Annual budget,
business plan and regular reforecasts, supplemented by
medium-term cash and viability forecasting. Clear governance
structure, especially in relation to longer-term commitments.
Fluctuations in income have a detrimental efect on Control: Workfow monitoring and forward planning of resource
our resources which prevents us from reacting to need.
the needs of our members and embracing
opportunities to deliver impact.		 Mitigations: maintain and improve fexibility and agility of our
internal structures and individual and team accountabilities to
deliver on new opportunities whilst supporting cost reductions.
Reduction in, termination of, or failure to deliver key Control: regular reporting and monitoring of quality of delivery.
programmes could damage reputation or reduce
critical mass. Mitigations: regular review of activities and relevance.
Failure to ensure that the correct safeguarding Control: regular reporting and review provided to both the
processes are in place could mean that executive, Finance & Audit committee and the Trustees.
safeguarding issues are not resolved which means
that vulnerable people are put at risk and the		 Mitigations: appropriate training to all staf in the charity
charity could face legal penalties. including volunteers, partner organisations and consultants.
Failure to operate at the highest standards and live Control: We have in place mechanisms and policies for
up to our responsible business principles could
lead to signifcant reputational risks, afecting
membership and staf engagement.		 monitoring performance and behaviours. We strictly adhere to
GDPR requirements and support this with training. We measure
our carbon emissions and target reductions.
Mitigations: Development of policies and ways of working to
ensure that we conform to the best standards including
completion of the Responsible Business Healthcheck. Zero
tolerance of poor behaviour across our leadership.

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44

FINANCE REVIEW

The risks have been reviewed, both in relation to the opportunities and the risks arising from the structure of the Group and its culture, highlighting in particular its entrepreneurial and campaigning nature and the strong emphasis on staff involvement.

The processes that are in place to both monitor and to mitigate the effects of such risks are recognised to only provide reasonable and not absolute assurance that key risks have been adequately identified and managed.

The design of the systems and controls covering the breadth of the activities is considered to be appropriate for the size and complexity of the group’s activities. These procedures are regularly reviewed, and amendments are introduced to meet the changing needs of the organisation. There is no evidence that there is any material failure of these controls.

Statement of directors’ responsibilities

The Trustees (who are also the Directors of Business in the Community for purposes of company law) are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards).

Company law requires the Directors to prepare financial statements for each financial year. Under company law, the Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and the group, and of the incoming resources and the application of resources including income and expenditure of the charitable company and of the group for that period. In preparing these financial statements, the Directors are required to:

Equal Employment policy

We respect all individuals and are opposed to all forms of unlawful or unfair discrimination on the grounds of ethnic origin, nationality, gender, sexual orientation, gender identity, disability, religion and belief, age, work pattern, family status and we build a culture that values meritocracy, openness, fairness and transparency.

At BITC, this policy is applied to all processes relating to recruitment, employment and training and to any dealings with members and stakeholders.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the charity’s accounting policies, which are described in note 1, the Trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an on-going basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects the current and future periods.

In the view of the Trustees, no assumptions concerning the future or estimation uncertainty affecting assets and liabilities at the balance sheet date are likely to result in a material adjustment to their carrying amounts in the next financial year.

The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company’s transactions and disclose with reasonable accuracy at any time the financial position of the charity and the group and enable them to ensure that the financial statements comply with the Companies Acts and the provisions of the charity’s constitution. They are also responsible for safeguarding the assets of the charity and the group, and hence, for taking reasonable steps for the prevention and detection of fraud and other irregularities.

So far, as each of the Directors is aware, there is no relevant audit information of which the group’s auditors are unaware. The Directors have each taken all the steps that they ought to have taken in order to make themselves aware of any relevant audit information and to establish that the group’s auditors are aware of that information.

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FINANCE REVIEW

Auditors

Crowe U.K. LLP has indicated its willingness to be reappointed as statutory auditor and a resolution proposing their re-appointment will be submitted to the forthcoming Annual General Meeting.

This Annual Report, prepared under the Charities Act 2011, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 and the Companies Act 2006, was approved by the board on 5th November 2025, including in their capacity as company directors approving the Strategic Report contained therein, as well as the governance information set out on pages 73 to 76, and is signed as authorised on its behalf by:

RICHARD HUTTON CHAIR FINANCE & AUDIT COMMITTEE

5 November 2025

Business in the Community BITC Annual Report 2024/25

46

AUDITOR’S REPORT

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES OF BUSINESS IN THE COMMUNITY

Opinion

We have audited the financial statements of Business in the Community (‘the charitable company’) and its subsidiaries (‘the group’) for the year ended 30 June 2025 which comprise the Consolidated statement of financial activities, the Consolidated and Company balance sheets, the Consolidated cash flow statement and notes to the financial statements, including significant accounting policies. 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).

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 UK, including the FRC’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 trustee’s 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 charitable company’s or the group’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information contained within the annual report. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. 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 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.

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AUDITOR’S REPORT

Opinions on other matters prescribed by the Companies Act 2006

In our opinion based on the work undertaken in the course of our audit

Matters on which we are required to report by exception

In light of the knowledge and understanding of the group and charitable company and their environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors’ report included within the trustees’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and the Charities Accounts (Scotland) Regulations 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement, the trustees (who are also the directors of the charitable company for the purposes of company law) 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 charitable company’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 charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and under the Companies Act 2006 and report in accordance with the Acts and 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.

Details of the extent to which the audit was considered capable of detecting irregularities, including fraud and non-compliance with laws and regulations are set out below.

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 auditor’s report.

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AUDITOR’S REPORT

Extent to which the audit was considered capable of detecting irregularities, including fraud

valuation of gifts in kind on a sample basis, review of a sample of year end accrued and deferred income balances and reading minutes of meetings of those charged with governance.

Irregularities, including fraud, are instances of noncompliance with laws and regulations. We identified and assessed the risks of material misstatement of the financial statements from irregularities, whether due to fraud or error, and discussed these between our audit team members. We then designed and performed audit procedures responsive to those risks, including obtaining audit evidence sufficient and appropriate to provide a basis for our opinion.

We obtained an understanding of the legal and regulatory frameworks within which the charitable company and group operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Companies Act 2006 and The Charities and Trustee Investment (Scotland) Act 2005 together with the Charities SORP (FRS102) 2019. We assessed the required compliance with these laws and regulations as part of our audit procedures on the related financial statement items.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which might be fundamental to the charitable company’s and the group’s ability to operate or to avoid a material penalty. We also considered the opportunities and incentives that may exist within the charitable company and the group for fraud. The laws and regulations we considered in this context for the UK operations were Taxation legislation and Employment legislation.

Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Trustees and other management and inspection of regulatory and legal correspondence, if any.

We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be within the timing of recognition of grant and contract income, the valuation of gift in kind income recognition and the override of controls by management. Our audit procedures to respond to these risks included enquiries of management and the Finance and Audit Committee about their own identification and assessment of the risks of irregularities, sample testing on the posting of journals, reviewing accounting estimates for biases, reviewing regulatory correspondence with the Charity Commission, detailed review of timing of recognition of grants and contracts on a sample basis, detailed review of the

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006, and to the charitable company’s trustees, as a body, in accordance with Regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charitable company’s members 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 charitable company and the charitable company’s members as a body and the charitable company’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

VINCENT MARKE

Senior Statutory Auditor For and on behalf of Crowe U.K. LLP Statutory Auditor London

14 November 2025

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STATEMENT OF FINANCIAL ACTIVITIES

Business in the Community (A company limited by guarantee)

Consolidated Statement of Financial Activities (incorporating an income and expenditure account) for the year ended 30 June 2025

Unrestricted Funds
Restricted Funds
Endowment Funds
Total Funds
Note FY 2025
£000
FY 2024
£000
FY 2025
£000
FY 2024
£000
FY 2025
£000
FY 2024
£000
FY 2025
£000
FY 2024
£000
Income from
1
Donations &
Legacies		 434
317
335
273 – –
769
590
Investments 210
172
16 28
–
– 226
200
644
489
351
301
–
–
995
790
Income from
Charitable
Activities
3		 6,694
7,436
5,257
10,168
–
–
11,951
17,604
Total Income 7,338
7,925
5,608
10,469
–
–
12,946
18,394
Expenditure on
Charitable
Activities
3
Total
Expenditure		 7,584
8,135
6,327
5,863
20
20
13,931
14,017
7,584
8,135
6,327
5,863
20
20
13,931
14,017
Net Income/
(Expenditure)
for the Year		 (246)
(210)
(719)
4,606
(20)
(20)
(985)
4,377
Reconciliation
of Funds
Total Funds at
1 July 2024
Total Funds at
30 June 2025		 889
1,099
5,798
1,192
305
324
6,992
2,615
643
889
5,079
5,798
285
305
6,007
6,992

The charitable company has no recognised gains and losses other than those shown above.

Notes 1 to 15 form an integral part of these financial statements

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BALANCE SHEETS

Consolidated and Company Balance Sheets as at 30 June 2025

Company Registration Number 01619253

Company Registration Number 01619253
Note Consolidated
30 June
2025
£000
Consolidated
30 June
2024
£000
BITC
30 June
2025
£000
BITC
30 June
2024
£000
Fixed Assets
Tangible Assets
5		 675
733
675
733
Current Assets
Debtors
7		 1,827
2,239
1,738
2,175
Cash at bank in hand
8		 5,754
6,558
5,750
6,550
Total Current Assets 7,581
8,797
7,488
8,725
Current Liabilities
Creditors – amounts fallingdue within oneyear
9		 (2,249)
(2,539)
(2,156)
(2,466)
Total Current Liabilities (2,249)
(2,539)
(2,156)
(2,466)
Net current assets 5,332
6,259
5,332
6,259
Net assets 6,992
2,615
6,992
2,615
Represented by:
Unrestricted funds
�
General funds
�
Designated funds		 643
–
889
–
643
–
889
–
Restricted funds 5,079
5,798
5,079
5,798
Endowment funds 285
305
285
305
Total funds
3(f)		 6,007
6,992
6,007
6,992

The net (expenditure)/income for the financial year dealt with in the financial statements of the parent Company was a deficit of £985k (2024: a surplus of £4,377k).

Approved by the Board of Directors on 5 November 2025 and signed on its behalf:

PETER HARRISON Chairman of Business in the Community

RICHARD HUTTON Chairman of the Finance & Audit Committee

Notes 1 to 15 form an integral part of these financial statements

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CASH FLOW STATEMENT

Consolidated Cash Flow Statement for the year ended 30 June 2025

Year Ended
30 June
2025
£000		 Year Ended
30 June
2024
£000
Cash(outfow)/infow from operatingactivities (1,023) 3,858
Cash fows from investingactivities
Interest Income 226 199
(Purchase)of tangible fxed assets (7) (51)
Net cash infow from investing activities 219 148
Net increase/(decrease)in cash and cash equivalents (804) 4,006
Cash and cash equivalents at 1 July2024 6,558 2,552
Cash and cash equivalents at 30 June 2025 5,754 6,558

Reconciliation of net incoming resources to net cash (outflow)/inflow from operating activities


operating activities
Year Ended Year Ended
30 June 30 June
2025 2024
£000 £000
Net(expenditure)/income for the reporting period(asper the SOFA) (985) 4,377
Adjustments for:
Interest Income (226) (199)
Depreciation charges 65 62
Decrease in Debtors 412 188
(Decrease)in Creditors less than oneyear (289) (570)
Net cash(outfow)/infow from operatingactivities (1,023) 3,858

Analysis of cash and cash equivalents

Analysis of cash and cash equivalents
Note 8 Year Ended
30 June
2025		 Year Ended
30 June
2024
£000 £000
Cash in hand 5,754 6,558
Total cash and cash equivalents 5,754 6,558

Notes 1 to 15 form an integral part of these financial statements

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NOTES TO THE ACCOUNTS

NOTES TO THE ACCOUNTS

1. Accounting Policies

a) Charitable Status

The company is limited by guarantee (company registration number 01619253) and is a registered charity in England and Wales (297716) and Scotland (SC046226). The address of the registered office is 137 Shepherdess Walk, London N1 7RQ.

b) Basis of Preparation and Statement of Compliance

The Group and Charity financial statements have been prepared in accordance with the Statement of Recommended Practice: “Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (SORP) issued on 16 July 2014 and the “Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland” (FRS 102). They also comply with the reporting requirements of the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 and the Charities Act 2011.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

As highlighted in the report of the Directors, having assessed the charity’s financial position, its plans for the foreseeable future, the risks to which it is exposed and the detailed cash projections the trustees are satisfied that it remains appropriate to prepare the financial statements on the going concern basis.

Business in the Community constitutes a public benefit entity as defined by FRS 102. The Trustees have taken advantage of the exemption under FRS 102 not to separately disclose categories of financial instruments and items of income and expenditure for the parent charity as these have been presented on a group basis.

Consolidation

The Statement of Financial Activities and the Consolidated Balance Sheet for FY 24/25 consolidate the results of the Charity and its whollyowned subsidiary, BITC Trading & Advisory.

The results of the subsidiary are consolidated on a line-by-line basis. Intra group transactions and year end balances are eliminated on consolidation. In accordance with section 408 of Companies Act 2006 no separate Statement of Financial Activities has been presented for Business in the Community.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the charity’s accounting policies, which are described below, Trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The key estimates made in these accounts are:

An estimate of the value to the charity of donated services (gifts in kind). There are instances when the donor provides valuation of the services provided, at the cost to them, which are over and above what the charity would have expended, therefore a revaluation of these services is done to reflect amounts we would have reasonably incurred. This is usually based on the cost of similar services incurred if there is precedence. These estimates are included on the SOFA under Donations and Legacies, and as Voluntary income in the notes to the accounts, see 3)a and 3)b for further information.

The estimates and underlying assumptions are reviewed on an on-going basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects the current and future periods.

In the view of the Trustees, no assumptions concerning the future or estimation uncertainty affecting assets and liabilities at the balance sheet date are likely to result in a material adjustment to their carrying amounts in the next financial year.

The principal accounting policies applied in the preparation of the Group and Charity financial statements are set out below. These policies have been consistently applied to all the years presented.

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NOTES TO THE ACCOUNTS

c) Statement of cash flows

The Charity has taken advantage of the exemption in FRS 102 from preparing a single entity statement of cash flows, on the basis that it is a qualifying entity and the Group statement of cash flows included in these financial statements includes the cash flows of the Charity.

d) Income

All income received by the Group is used to finance expenditure incurred in furtherance of its objectives. Income is recognised and included in the statement of financial activities when the Group has entitlement to the income, it is probable that the income will be received, and the amount can be measured reliably. Income received relating to future accounting periods is deferred and recognised as a creditor within the balance sheet.

Existing members’ ordinary contributions are recognised in full on the date on which they fall due. Ordinary contributions from members who have joined in the year are recognised when there is adequate certainty of receipt.

The service element of membership fees is recognised when the service is delivered. Outstanding commitments are treated as income in advance at the year end.

Sponsorship income, fees, public sector grants, sundry income and bank deposit interest are recognised on a receivable basis. To the extent that such monies represent monies that have been claimed in advance to meet specific commitments arising, or services to be delivered, after the balance sheet date, they are carried forward as fees and other funds in advance within creditors on the balance sheet (note 9).

Such income is not recognised as incoming resources in the Statement of Financial Activities until the certainty of entitlement has been established. The balances of unspent restricted charitable funds are carried forward as Restricted Income Funds.

As an intrinsic part of the accounting system, funds are accounted for to ensure that funders’ requirements in respect of their receipt, disbursement and reporting are fully satisfied. Those restricted funds and material grants that warrant separate disclosure in demonstrating different areas of work are shown at note 3(d). A full list of those funds which require formal acknowledgement are shown on page 69-70.

Grant funds received in advance of expenditure being incurred are carried forward within creditors on the balance sheet as funds received in advance [notes 3(d) and 10].

Donated services and facilities income, categorised as voluntary income, represents the Group’s estimate of the value to the charity of donated services and facilities, the value of the donated long lease relating to the BEAM project in Northern Ireland and the cost of seconded staff in support of the charity’s activities.

e) Expenditure

All expenditure is accounted for on an accrual basis.

Allocation of membership resources expended – the cost ascribed to the membership activities represents the estimated cost of staff time involved in managing relationships with members, their engagement with us and support for our communication of best practice.

Cost of generating funds – there is no cost allocated to the cost of generating voluntary income funds as voluntary income represents the receipt of donated services and facilities. The services and facilities are in support of charitable activities, and as such the associated costs of these gifts in kind are recognised within costs of charitable activities. Any costs incurred in generating these gifts in kind are regarded as being immaterial.

Charitable activities expenditure is incurred in connection with the specific objects of the Group and includes as support services the costs incurred in supporting those activities. Indirect costs and support services are allocated on a per head basis and apportioned to charitable activities on the same basis. The costs allocated to governance costs include staff time spent on governance, the related support costs and audit costs.

Input VAT is allocated to the costs on which it is incurred and recoveries of directly attributable tax credited against them. Residual input tax recovered is credited to support services in the Statement of Financial Activities and apportioned over expenditure in proportion to the activity.

Included within each relevant category of expenditure, as appropriate to the activity they supported, are the estimated cost of donated services and facilities and the cost of seconded staff.

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NOTES TO THE ACCOUNTS

All costs associated with staff redundancy/ termination are recognised in the period in which the individuals affected are made aware of the decision.

f) Tangible Fixed Assets

Tangible fixed assets are stated at their purchase price, together with any incidental costs of acquisition. Individual assets are capitalised only when their cost of acquisition £12,000 or more. With effect from July 2021, the policy was revised so that Laptops are now capitalized when the cost exceeds £1,000 with a useful life of 3 years and above and can be supported by a warranty. Other equipment, fixtures and fittings over £1,000 with extended warranty or historical long-life/economic usefulness will also be capitalised.

Where fixed assets have been donated, they have been included in the financial statements at the lower of their value to the charity or replacement cost at the date of donation.

Provision for depreciation is made so as to write off the cost of tangible fixed assets on a straight-line basis over the expected useful economic life of the assets concerned.

The annual rates used for this purpose are:

h) Provision for costs under Property Leases

Provision is made for costs likely to be incurred on expiration of the property leases where the liability for such expenditure is a requirement of the lease and can be reliably estimated and where the future renewal of the lease is uncertain. These are charged to the Statement of Financial Activities when such costs can be accurately determined and reported as a liability due at the end of the lease term.

Rents payable under operating leases are charged to the statement of financial activities on a straightline basis over the lease term. Benefits received as a lease incentive are credited to the statement of financial activities, to reduce the lease expense, on a straight-line basis over the lease term.

i) Non-Property Operating Leases

Payments under non-property operating leases are charged to the Statement of Financial Activities as incurred.

j) Pension Contributions

The Group contributes to defined contribution private pension policies for employees and the pension cost charge that is shown in note 4(b) represents the contributions payable to these policies.

k) Financial Instruments

Depreciation on assets that are held under an endowment fund is charged against that fund and depreciated over the term of the lease.

Business in the Community 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 amortised cost using the effective interest method (equating to the present value). Financial assets held at amortised cost comprise cash at bank and in hand, together with trade and other debtors and accrued income. Financial liabilities held at amortised cost comprise bank loans and overdrafts, trade and other creditors and accrued expenditure. Financial liabilities held at amortised cost comprise bank loans and overdrafts, trade and other creditors and accrued expenditure.

g) Cash and Cash Equivalents

Cash and cash equivalents include cash in hand, cash held in current accounts with UK banks and cash on short notice deposit accounts.

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NOTES TO THE ACCOUNTS

2. Income and Expenditure

c) The results are stated after charging:
Total 2025
£000
Total 2024
£000
Opening Leases
� Land and Buildings 188
195
� Equipment 2
–
Depreciation 65
62
Group Auditors remuneration
� Audit ofparent accounts 34
33
� Audit of subsidiaries 4
4
� Other Services 2
(2)

3. Analysis of Consolidated Financial Activities

a) Analysis of Income by Activity

Activities Voluntary
Income
£000
Charitable
Activities
£000		 Total
2025
£000
Total
2024
£000
Membership 42
4,570		 4,612
4,844
Partnerships, Measurement & Best Practice 66
2,095		 2,161
2,488
Campaigningfor Change 354
973		 1,327
1,552
Impact, Delivery& the Nations 263
4,313		 4,576
4,229
CommunityClimate Fund 41
–		 41
5,080
Governance – donated services 3
–		 3
1
Total Activities 769
11,951		 12,720
18,194
Bank Deposit Interest Receivable –
226		 226
199
Total IncomingResources 769
12,177		 12,946
18,393

Services provided by Bain & Company to review and increase the effectiveness and outreach of the ‘Times Top 50 Employers, valued at £660k for the full project by the donor, is included under ‘Campaigning for Change’ at £130k (2024: £20k for value received up to the end of June 24).

Furthermore, Bain & Company provided services to the Gender Campaign, researching on AI and Equality, valued at £400k by the donor and included under ‘Campaigning for Change’ at £100k.

Also included under ‘Campaigning for Change’ is services provided by Oxera researching on The Business Case for Gender Equality, valued by the donor at £300k but included at £75k.

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NOTES TO THE ACCOUNTS

b) Analysis of Expenditure by Activity

b) Analysis of Expenditure by Activity
Activities Voluntary
Income
£000		 Charitable
Activities
£000		 Total
2025
£000		 Total
2024
£000
Membership 42 2,380 2,422 2,868
Partnerships, Measurement & Best Practice 66 3,876 3,942 4,118
Campaigningfor Change 354 1,446 1,800 1,773
Impact, Delivery& the Nations 263 4,273 4,536 4,539
CommunityClimate Fund 41 1,001 1,042 532
Total Activities 766 12,976 13,742 13,830
Governance 3 186 189 187
Total Resources Expended 769 13,162 13,931 14,017

c) Analysis of Total Expenditure

c) Analysis of Total Expenditure
Activities Direct
Staf
Costs		 Support
Costs
£000		 Other
Costs
£000		 Total
2025
£000		 Total
2024
£000
Membership 1,909 337 176 2,422 2,868
Partnerships, Measurement & Best Practice 2,855 560 527 3,942 4,118
Campaigningfor Change 1,149 170 481 1,800 1,773
Impact, Delivery& the Nations 2,859 728 949 4,536 4,539
CommunityClimate Fund 643 172 227 1,042 532
Total Activities 9,415 1,967 2,360 13,742 13,830
Governance – 186 3 189 187
Total Resources Expended 9,415 2,153 2,363 13,931 14,017

Support costs comprise the central costs of senior managers, CEO office, Finance, Planning and Human resources directorate, and IT support and includes salary costs of £1,697K (2024: £1,847K).

Governance Costs comprise management cost of £148K, statutory audit costs of £38K and pro bono services of £3k.

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BITC Annual Report 2024/25

57

NOTES TO THE ACCOUNTS

d) Restricted Funds Analysis for the financial year 2024/25

Balance at
30 June
2024
£000
Income
Received
£000
Expenditure
£000
Balance at
30 June
2025
£000
Restricted Funds
Total Movements in Restricted Funds 5,798
5,608
(6,327)
5,079
Included in this total balance:
Project & Purpose Fund Provider Balance at
30 June
2024
Income
Received
Expenditure
Balance at
30 June
2025
£000
£000
£000
£000
Age At Work, Scotland,
Wales & NI		 Age NI 23
–
(23)
-
Northern Ireland Surplus Various 472
812
(767)
517
National Lottery Dormant
Accounts		 NI 11
35
(46)
–
Good Food Fund Various Funders, NI 4
7
(3)
8
The Connected Project,
NI		 Various Funders 4
–
(2)
2
Lifeskills - NI Barclays 8
102
(102)
8
Lifeskills – Scotland &
Wales		 Barclays 24
292
(302)
14
Business Climate Action
Programme, NI		 DEFRA & DFOE 7
128
(135)
–
Place Partnership
Funding		 AVIVA 259
655
(548)
366
See It Be It Place Prg AVIVA –
300
(221)
79
Just Transition to Net
Zero		 Royal London –
120
(73)
47
Strategic Grant WCVA 2
-–
(2)
–
LeadershipTeams Various –
379
(379)
–
Diverse SupplyChain Enterprise Mobility 20
–
(20)
–
StepProject World Jewish Relief –
145
(145)
–
Place Funding Various Funders 40
726
(648)
118
Newport Place
Programme		 Various Funders 92
211
(199)
104
RCT Place Programme Various Funders 38
68
(95)
10
Strategic Relationship Welsh Government –
33
(33)
–
Social Mobility Funding,
Wales		 Principality Building Society –
88
(44)
44
Newport Place
Partnership (SPF)		 Newport City Council –
65
(65)
Glasgow Place
Programme		 Various Funders –
118
(72)
46
In Work Poverty Project,
Scotland		 The Robertson Trust –
71
(25)
46

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58

NOTES TO THE ACCOUNTS

Project & Purpose Fund Provider Balance at
30 June
2024		 Income
Received		 Expenditure Balance at
30 June
2025
£000 £000 £000 £000
Salesforce UK Ltd &
SIB Funding Linklaters Business 84 270 (258) 96
Services
Blackpool Pride of Place Blackpool CityCouncil 10 20 (20) 10
Blackpool Pride of Place BAE Systems (Operations)
Ltd		 10 – (10) –
Blackpool Funding Various Funders 46 191 (202) 35
Blackpool Connected
Futures Collaboration		 Youth Futures Foundation/
Right to Succeed		 – 117 (98) 19
State of the Nation Various Funders 45 135 (155) 25
CommunityClimate Fund bpInternational Ltd 4,468 – (985) 3,483
CommunityClimate Fund Royal London 75 – (75) –
Race & Mental Health
Funding		 People’s Postcode Lottery,
PoWCF & KCCF		 14 – (14) –
UPS Foundation Job Coaching 10 – (10) –
Gifts in Kind to support
ourprogrammes		 Various – 335 (335) –
DLUHC Innovation Fund Greater London Authority 9 6 (15) –
Employer Strategic
Partnership & Inclusive Youth Futures Foundation – 179 (179) –
Employment

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59

NOTES TO THE ACCOUNTS

d) Restricted Funds Analysis for the financial year 2023/24

Balance at
30 June
2023
£000
Income
Received
£000
Expenditure
£000
Balance at
30 June
2024
£000
Restricted Funds
Total Movements in Restricted Funds 1,192
10,469
(5,863)
5,798
Included in this total balance:
Project & Purpose Fund Provider Balance at
30 June
2023
Income
Received
Expenditure
Balance at
30 June
2024
£000
£000
£000
£000
Age At Work, Scotland,
Wales & NI		 Age NI 92
237
(306)
23
Northern Ireland Surplus Various 460
1,000
(988)
472
National Lottery Dormant
Accounts		 NI –
65
(54)
11
Good Food Fund Various Funders, NI 26
25
(47)
4
Climate Change Various, NI 32
24
(56)
–
The Connected Project,
NI		 Various Funders 4
–
–
4
Lifeskills – NI Barclays 17
99
(108)
8
Lifeskills – Scotland &
Wales		 Barclays 23
276
(275)
24
Business Climate Action
Programme, NI		 DEFRA & DFOE –
65
(58)
7
Place Partnership
Funding		 AVIVA –
630
(371)
259
Climate Skills Exchange Scottish Enterprise –
20
(20)
–
Strategic Grant WCVA 2
27
(27)
2
LeadershipTeams Various 14
505
(519)
–
Taskforces Various 8
36
(44)
–
Diverse SupplyChain Enterprise Mobility –
45
(25)
20
StepProject World Jewish Relief –
143
(143)
–
Place Funding Various Funders 71
564
(466)
169
Salesforce UK Ltd &
SIB Funding Linklaters Business 89
270
(275)
84
Services
Strategic Relationship Welsh Government –
59
(59)
–
Newport Place
Partnership (SPF)		 Newport City Council –
160
(160)
–
Blackpool Pride of Place Blackpool CityCouncil 10
20
(20)
10
Blackpool Pride of Place BAE Systems (Operations)
Ltd		 –
20
(10)
10
Blackpool Funding Various Funders 31
264
(249)
46
Tees Valley Routeways
YEI		 Hartlepool Borough Council –
38
(38)
–
State of the Nation Various Funders –
135
(90)
45

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60

NOTES TO THE ACCOUNTS

Project & Purpose Fund Provider Balance at
30 June
2023
Income
Received
Expenditure		 Balance at
30 June
2024
£000
£000
£000		 £000
CommunityClimate Fund bpInternational Ltd –
4,925
(457)		 4,468
CommunityClimate Fund Royal London –
150
(75)		 75
Race & Mental Health
Funding		 People’s Postcode Lottery,
PoWCF & KCCF		 –
139
(125)		 14
UPS Foundation Job Coaching –
61
(51)		 10
Skills Exchange, Job
Coaching, Communities Axa 203
–
(203)		 –
& Various
Small Business
Programme		 Natwest 48
–
(48)		 –
Cost of Living bpInternational Ltd 50
–
(50)		 –
Gifts in Kind to support
ourprogrammes		 Various –
274
(274)		 –
DLUHC Innovation Fund Greater London Authority –
24
(15)		 9
BITC & YFF Partnership Youth Futures Foundation –
90
(90)		 –

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61

NOTES TO THE ACCOUNTS

e) Unrestricted Funds Analysis for the financial year 2024/25

General Funds Opening
1 July 2024
£000
889		 Net Income
During the
year
(246)		 Trf Btw Funds
During the
year
–		 Closing
30 June
2025
643
Total Unrestricted Funds 889 (246) – 643

f) Analysis of net assets between consolidated funds at 30 June 2025

Tangible Fixed Assets Unrestricted
Funds
£000
390		 Restricted
Funds
£000
–		 Endowment
Funds
£000
285		 Total
Funds
£000
675
Net Current assets 253 5,079 – 5,332
Total net assets 643 5,079 285 6,007

Unrestricted funds comprise those income funds that are retained by the charity that can be freely spent on any of its charitable purposes. They represent the charity’s reserves and are made up of the fixed assets and investments acquired with such funds.

Restricted funds comprise income funds obtained to undertake the company’s activities, where such funds have been given for specific purposes. The balances carried forward at the end of the year represent the net current assets that comprise the individual balances of the funds received for specific purposes in advance of the related expenditure being incurred.

Analysis of net assets between consolidated funds at 30 June 2024

Tangible Fixed Assets Unrestricted
Funds
£000
428		 Restricted
Funds
£000
–		 Endowment
Funds
£000
305		 Total
Funds
£000
733
Net Current assets 461 5,798 – 6,259
Total net assets 889 5,798 305 6,992

4. Employee numbers

a) Staff Numbers

At 30 June 2025, the Group employed (excluding Directors) 233 salaried persons (2024: 222). These staff were employed in the following activities:

Total as at
30 June 2025		 Total as at
30 June 2024
Direct Charitable Activities 201 187
Central Support Services 24 27
Corporate Communications, Strategy& Management 8 8
Total Number of members of staf 233 222

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62

NOTES TO THE ACCOUNTS

Throughout the year, the Group employed an average of 234 staff (2024: 229). The full time equivalent of these staff is 214 (2024: 210).

In addition, the Group enjoyed, throughout the year, the services of the equivalent of 1 (2024: 2) full- time employees seconded by member companies, public sector, organisations and individual volunteer(s). The cost of these secondees and volunteer(s) is included in the financial statements as if they had been employed directly by the Group at an additional annual cost of approximately £47K (2024: £79K). An equivalent amount is recognised in the financial accounts as income from Donations & Legacies.

b) Analysis of Cost of salaries

b)
Analysis of Cost of salaries
Total as at Total as at
30 June 2025 30 June 2024
Total Gross Wages and Salaries 9,509 9,666
Employer’s National Insurance Contributions 1,013 978
Pension Contributions 591 609
Total Cost of Salaries 11,113 11,253

In addition to the contributions to pension schemes, the Group also provides life cover for employees of four times annual salary, at a cost of £43K (2024: £38K).

In the year to June 2025, the cost of salaries included redundancy, severance payments and adjustments for provisions of £22K (2024: £92K).

c) Number of employees who earned £60,000 or more in income bands (including taxable benefits)

benefts)
Year ended
30 June 2025
Year ended
30 June 2024
£160,000 – £169,999 1
1
£120,000 – £129,999 1
1
£110,000 – £119,999 2
1
£100,000 – £109,999 2
3
£90,000 – £99,999 0
0
£80,000 – £89,999 1
1
£70,000 – £79,999 4
3
£60,000 – £69,999 15
13

Paid into defined contribution schemes and in respect of 25 (2024: 22) of the above employees, the total employer’s pension contributions amounted to £142K (2024: £122K).

d) Key Personnel

These are senior staff within the organisation as well as the Nation directors. Senior staff list can be found in the Governance section at the end of the accounts.

Collectively, they received total remuneration including employers NI and employer pension contributions of

£1,067K (2024: £1,230K).

The setting of pay including those employees who are Key Personnel is based on benchmarking against similar size and types of organisation. Overall pay increase levels are authorised by the board.

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63

NOTES TO THE ACCOUNTS

5. Fixed assets – tangible assets

Fixed assets – tangible assets
Freehold
Land
£000		 Long
Leasehold
Property
£000
Short
Leasehold
Improvements
£000
Equipment,
Fixtures
and Fittings
£000
Laptops
£000
Total
£000
Cost
At 1 July2024
240		 1,137
–
291
57
1,725
Additions/(Disposals)
–		 –
–
5
2
7
At 30 June 2025
240		 1,137
–
296
59
1,732
Depreciation
At 1 July2024
–		 723
–
231
38
992
Charge for theperiod
–		 36
–
11
18
65
At 30 June 2025
–		 759
–
242
56
1,057
Net Book Values
At 30 June 2025
240		 378
–
53
4
675
At 30 June 2024
240		 414
–
60
19
733

Note: The long-leasehold property includes the cost of land and buildings of £372K and the cost of refurbishing the building of £137K.

There are charges over the office premises in Northern Ireland in favour of the International Fund for Ireland and Department for Social Development relating to the development of the BEAM project in Derry.

6. Investments

a) Subsidiary Companies

Business in the Community has a wholly-owned subsidiary, BITC Trading & Advisory Ltd a company incorporated in England and Wales (company number 02210750) whose results are consolidated within these accounts. The investment in the subsidiary is £3 and this is included in debtors.

On 31 July 2017, BITC took control of Trading for Good Ltd, Company number 08264671. The company has not traded since the date of acquisition and was dissolved on the 18 October 2022.

On 1 January 2016, BITC became the sole member of the charity Scottish Business in the Community, company number SC080355. There were no transactions in the year in the charity and it is treated as a dormant company.

As at the 30 June 2025, the registered address of all subsidiaries was 137 Shepherdess Walk, London, N1 7RQ.

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NOTES TO THE ACCOUNTS

b) Results of Subsidiary Company in the year to 30 June 2025

Income and Expenditure Accounts

Balance Sheet for Subsidiary Company at 30 June 2025



at 30 June 2025
BITC T&A
£000
BITC T&A
£000
IncomingResources 471
Trade Debtors
86
Management Costs (66)
Other Debtors
3
Results of ordinaryactivities 405
Cash
3
Gift Aid Payable toparent (405)
Amount due toparent
33
Amounts due to thirdparties
(125)
Retained Earnings –
Net Reserves
–

7. Debtors and Prepayments

Consolidated
30 June 2025
£000		 Consolidated
30 June 2024
£000		 BITC
30 June 2025
£000		 BITC
30 June 2024
£000
Trade Debtors 1,196 1,324 1,110 1,263
IntercompanyDebtor – – – –
Other Debtors 47 31 47 31
Accrued Income 368 687 365 684
Prepayments 216 197 216 197
Total Debtors 1,827 2,239 1,738 2,175

8. Cash at Bank and In Hand

Consolidated
30 June 2025
£000		 Consolidated
30 June 2024
£000		 BITC
30 June 2025
£000		 BITC
30 June 2024
£000
Current Accounts 0 0 0 0
Interest BearingAccounts 5,754 6,558 5,750 6,550
Total Cash & Cash Equivalents 5,754 6,558 5,750 6,550

Business in the Community

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65

NOTES TO THE ACCOUNTS

9. Creditors: Amount Falling Due Within One Year

Consolidated
30 June 2025
£000		 Consolidated
30 June 2024
£000		 BITC
30 June 2025
£000		 BITC
30 June 2024
£000
Trade Creditors 46 97 46 86
Other Creditors 295 288 295 288
IntercompanyCreditor - - 33 55
Taxation and Social SecurityCosts 396 410 396 410
Income in Advance 402 471 402 471
Def Inc – Fees and other income in advance
(Note 10)		 757 973 661 876
Accrued Expenditure 353 300 323 280
Total Creditors fallingdue within oneyear 2,249 2,539 2,156 2,466

10. Analysis of movement in fees and other income in advance

Where income is received that requires BITC to meet specific commitments or services to be delivered after the balance sheet date, they are carried forward as fees and other funds in advance and the income is recognised when those commitments have been delivered.

Brought
Forward 1
July 2024
£000		 Released
During Year
£000		 Deferred
During Year
£000		 Carried
Forward
30 June
2025
£000
MembershipServices 646 (646) 313 313
Business Solutions 202 (202) 120 120
Other 29 (29) 229 229
T & A 24 (24) 95 95
Total 901 (901) 757 757

11. Lease Commitments

The company has financial commitments in respect of operating leases for land and buildings and office equipment which will terminate between one and five years from the Balance Sheet date. The total amount of future minimum lease payments under non-cancellable operating leases are:

June 2025
June 2024
a) £000 £000
(i)
Not later than one year
(ii)
Later than one year and not later than fve years
(iii) Later than fve years		 182
113
–		 154
279
–
b) Lease payments recognised as an expense 190 196

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66

NOTES TO THE ACCOUNTS

12. Capital Commitments

No material capital commitments were contracted for at 30 June 2025 (2024: £nil).

13. Taxation

As a registered charity Business in the Community is entitled to certain exemptions from corporation tax on profits from investments and any trading activities carried on in furtherance of the Charity’s primary objectives. Subsidiary trading companies pay any taxable profits to the Charity each year as Gift Aid and thus do not incur corporation tax.

14. Related Party Transactions

Details of the income and expenditure position and balance sheet for the subsidiary is shown in note 6 to the accounts. During the year the Charity recognised gift aid receivable from BITC Advisory Services Limited of £405K (2024: £450K). At the year end the amounts owed to/(by) the Charity were as follows:


(2024: £450K). At the year end the amounts owed to/(by) the Charity
were as follows:
Subsidiary June 2025
£000		 June 2024
£000
BITC Tradingand Advisory (33) (55)
Represented by:
Gift Aid Payable to Charity 405 450
Gift Aid Payments made on account _ (245)
Allocated costs recharged to subsidiary 36 54
All Other transactions* (474) (314)
Total Owed to/(by)Charity (33) (55)

*All Other transactions represents receipts received and payments made on behalf of Trading and Advisory Ltd during the year.

All transactions between the charity and the subsidiary are reflected in the disclosure above.

The transactions with companies whose directors are Board members fall outside the disclosure requirements as they do not comprise related party transactions within the definition of the charities SORP. All such transactions including those disclosed have been carried out in the normal course of the charity’s activities.

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67

NOTES TO THE ACCOUNTS

15. Business Names

The names used by Business in the Community for its principal initiatives are:

The Prince's Business Emergency Resilience Group
(BERG)		 Engaging business to help communities across the UK
to prepare for, respond to and recover from
emergencies
Responsible Business Awards Recognise and promote best practice within all aspects
responsible business
The Prince's Responsible Business Ambassadors Empowering other organisations to deliver on the
Prince’s priorities on responsible business
The Prince's Seeing is Believing programme Providing social insights for business leaders
The National Business Response Network Linking business support to community requirements
The Responsible Business Tracker
The Responsible Business Map Challenge, support and measure companies in their
Responsible Business in Action responsible business.
CR Academy
Job Coaching
Ban the Box
Ready for Work
Business Class
Business Connectors
Employee Volunteering Engage business to build sustainable and inclusive
communities
Talent & Skills
Waste to Wealth
Pride of Place
The Skills Exchange
MakingWork Work
Race at Work
Gender
Age at Work Diversity and inclusion in the workplace
Wellbeingat Work
International Tourism Partnership
Youth Career Initiative		 Transferred to Sustainable Hospitality Alliance on the
30th Sept 2021. To encourage sustainable and
responsible practice within the hospitality industry.

Business in the Community

BITC Annual Report 2024/25

68

NOTES TO THE ACCOUNTS

Acknowledgements

Our funds are received from many public, private and charitable sources, all of which are essential to our continued engagement and are valued and appreciated by BITC and its campaigns and regions. As the number of our supporters is considerable, we only list below those funds that we received during the year which are required to be disclosed under the terms of their funding agreements. All funds are applied in accordance with the terms of such funding agreements. These listed are not all and not necessarily the largest of the funds received, all of which have contributed to the activities undertaken during the year.

----- Start of picture text -----
Provider Project FY 2024/25
A&O Shearman Sterling SSF Time To Programmes 10,000
ABP Food Group Action on Climate Change, NI 8,000
Age NI Age @ Work in NI 18,310
Age NI Movember Men's Health Project 10,300
Allstate Time To Programmes 10,000
Assurant Foundation Job Coaching 11,387
Baker McKenzie Time To Programmes 5,000
Barclays Delivery of Life Skills in NI 101,682
Barclays Delivery of Life Skills in Wales & Scotland 292,454
Blackpool Council Blackpool Pride of Place 20,000
Blackpool Council SPF Shared Prosperity Fund 122,841
Cancer Focus NI Charity Shops' Challenge 5,000
City & Guild Group Job Coaching Project 25,650
Danske Bank Business Action on Climate Change, NI 8,000
Department for the Economy NI Business Action on Climate Campaign, NI 43,750
Department for the Economy NI Opening Doors 25,000
Department of Justice Ban the Box 6,198
Department of Agriculture, Environment &
Rural Affairs NI Business Action on Climate Campaign, NI 43,750
Department of Agriculture, Environment &
Rural Affairs NI Environmental Sustainability Programme 40,715
Department of Finance Digital Assist 18,250
Encirc Business Action on Climate Change, NI 8,000
Epic Futures Carers NI 6,000
Extern NI Moving Forward Moving on Project 21,291
Work Inspiration Hospitality and Tourism Pilot
Galgorm Resort & Spa 6,000
Project
Halifax Foundation For NI Community Connections 11,239
Lidl Action on Climate Change, NI 8,000
Work Inspiration Hospitality and Tourism Pilot
Mid & East Antrim Borough Council 8,500
Project
Newport City Council Place Partnership (SPF) 115,430
NI Water Business Action on Climate Campaign, NI 8,000
----- End of picture text -----

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NOTES TO THE ACCOUNTS

----- Start of picture text -----
Provider Project FY 2024/25
Right to Succeed YFF Grant 117,182
System Operator, NI Business Action on Climate Change, NI 8,000
The National Lottery Community Fund NI Core 45,722
The Road Safety Trust Company Responsible Driving and the Fatal Five 22,400
The Robertson Trust Work Pathways Programme Award 75,730
Work Inspiration Hospitality and Tourism Pilot
Tourism Northern Ireland 8,500
Project
Translink Business Action on Climate Change, NI 8,000
WCVA VW Strategic Grant 2,493
Welsh Government Strategic Relationship & Support 35,000
Youth Futures Foundation BITC & YFF Partnership 244,092
----- End of picture text -----

----- Start of picture text -----
Business in the Community BITC Annual Report 2024/25
----- End of picture text -----

70

GOVERNANCE

Directors

The directors, who are the trustees, are elected by a decision of the Board. Directors are eligible for reelection every 3 years and are re-appointed to be a trustee by ordinary resolution of the Members. A list of present directors and those who also served during the year is set out at the end of this report.

Governance

The Board of Trustee Directors’ role is to determine the charity’s mission and purpose whilst guarding its ethos & values and ensuring that the charitable purposes as laid out in the constitution are upheld. The Board is responsible for ensuring that the charity complies with all legal and regulatory requirements, and wherever possible, upholds high standards of good governance. The Board ensures the provision of effective fiscal oversight and sound risk management, approves the Business Plan and annual financial statement and budget and ensures that finances are handled in the best interests of the charity.

The Board has detailed terms of reference which are reviewed and approved annually.

Incoming trustees receive an induction into the work of the charity and meet with the Chair, Chief Executive, Company Secretary and Chief Financial Officer.

The full Board met eight times in the year and:

The Board has three sub-committees:

The Finance & Audit Committee is responsible for financial management & reporting, internal control & risk management, external audit, property and data protection.

The Remuneration Committee is responsible for setting the annual pay review for staff, after consideration of external benchmarking within the charity sector and negotiation with BITC’s recognised union, for executive succession planning and overall reward and recognition for employees.

The Nominations Committee meets when required and is responsible for managing the selection process for the roles of the BITC Chair and BITC CEO, and makes recommendations to the BITC Board on the appointment of preferred candidates.

The Executive Team provides day-to-day management of the charity and monitors performance throughout the year.

BITC has Advisory Boards in the Nations of Northern Ireland, Scotland and Wales, and Regional Leadership Boards in the regions of England.

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GOVERNANCE

The Finance & Audit Committee met three times in the year to supervise the financial affairs of the Charity in relation to the plans approved by the Board, to report to the Board any significant variances against these plans, to oversee the relationship with external auditors, to review the statements on risk and on reserves in the report and accounts and to review the risks to which the Charity was exposed.

The Remuneration Committee met three times in the reporting period, discussed the pay review for FY 24/25, discussed executive salaries and key retention risks and BITC’s wider benefits package.

The Nominations Committee met four times in the year to consider potential new appointments to the Board of Trustees.

Work also took place with the members of the Board and the Committees outside of the formal meetings.

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72

GOVERNANCE

The present directors of the company are as follows:

Chairman

Peter Harrison[3]

Vice Chairman Dame Alison Rose[3]

Directors

Zahra Bahrololoumi CBE , Chief Executive Officer, Salesforce UK & Ireland

Raman Bhatia , Chief Executive Officer, Starling Bank

Lucinda Charles-Jones² , Non-Executive Director, Rank Group and Aon UK

Vicky Davies OBE[2 3 4] , Chief Executive Officer, Danske Bank UK

Richard Hutton[1 2 3] , Chief Financial Officer, Greggs

Jeremy Pocklington CB[¹] , Permanent Secretary, Department for Energy Security and Net Zero (resigned 5 November 2025)

Keith Weed CBE[3] , President, Royal Horticultural Society

The following directors have retired, who also served during the year:

Jane Ashcroft CBE , Chair, Good Gym (retired 10 December 2024)

The following non-Board members serve on the Finance & Audit Committee:

Victoria Akinboro , Director of Finance, Royal Air Force Benevolent Fund (retired 7 October 2025)

Noelia de Carvalho , Head of Financial Planning & Analysis Finance, MS Amlin

Nigel Hinshelwood , Senior Independent Director, Lloyds Banking Group and Bank of Scotland (retired 30 June 2025)

Caroline Riddy , Company Secretary, Insurance, Pensions & Investments, Lloyds Banking Group

Advisors:

Bankers | Barclays Bank PLC 1 Churchill Place London E14 5HP

Solicitors | Bates Wells & Braithwaite 10 Queen Street Place London EC4R 1BE

Auditors | Crowe U.K. LLP 55 Ludgate Hill, London, EC4M 7JW

Business in the Community’s Senior Staff are as follows:

Acting Chief Executive: Kieran Harding External Affairs Director: Gail Greengross LVO

Acting Managing Director BITC NI: Dr Lisa McIlvenna Community Impact Director: Sue Husband OBE Charlie O’Neill Chief Financial Officer:

Advisory and Member Services Director: Harriet Walker Company Secretary: Lesley Wolfenden LVO

Nations Directors:

Scotland: Louisa Macdonell

Northern Ireland: Dr Lisa McIlvenna

Wales: Tracy Rees

The following senior staff have retired, who also served during the year:

Mary Macleod: Chief Executive (retired 29 October 2025)

Registration Details

Business in the Community is registered as a charity in England and Wales (297716) and Scotland (SC046226) Company limited by guarantee No 1619253. Registered Office:

137 Shepherdess Walk, London N1 7RQ Telephone 020 7566 8650

Website: www.bitc.org.uk

Vice-Presidents:

Dame Julia Cleverdon DCVO CBE Sir Stephen O’Brien CVO

Sir Mark Weinberg

The Seeing is Believing Council:

¹ denotes serves on the Finance & Audit Committee

² denotes serves on the Remuneration Committee

3 denotes serves on the Nominations Committee 4 denotes serves as Safeguarding Lead

Business in the Community

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GOVERNANCE

Leadership Team Chairs:

Scotland

Northern Ireland

Wales

Taskforce Chairs

Leadership Board Chairs:

Business in the Community

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JOIN US ON THE RESPONSIBLE BUSINESS JOURNEY WORKING TOGETHER FOR PEOPLE, PLANET AND PLACE.

Business in the Community (BITC) champions responsible business as essential for long term economic growth and resilience. We convene, campaign, and consult with business to tackle society’s most pressing challenges, from climate change and place-based regeneration to inequality, workplace wellbeing, and inclusive growth.

Founded by His Majesty King Charles III in 1982, BITC has over four decades of experience in engaging business and delivering measurable impact in both business and in communities through evidence-based interventions. As a trusted partner to business and government, BITC convenes leadership, influences policy, and accelerates action—helping shape a future-ready economy that works for everyone.

Business in the Community 137 Shepherdess Walk London N1 7RQ

www.bitc.org.uk 020 7566 8650

Business in the Community is a registered charity in England and Wales (297716) and Scotland (SC046226). Company limited by guarantee No. 1619253.