BUSINESS IN THE COMMUNITY

Charity number: 297716
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

Business in the Community is the oldest and largest business-led membership organisation dedicated to responsible business. We inspire, engage and challenge members and we mobilise that collective strength as a force for good in society.

Income and expenditure

Data for financial year ending 30 June 2024

Total income:
£18,393,929

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Donations and legacies £590.35k
Charitable activities £17.60m
Other trading activities £0
Investments £199.39k
Other £0

Total expenditure:
£14,017,380

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Raising funds £0
Charitable activities £14.02m
Other £0

£0 investments gains (losses)

Total income includes £86,211 from 4 government contract(s) and £484,671 from 11 government grant(s)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

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Raising funds and other expenditure £0
Charitable expenditure £14.02m
Retained for future use £4.38m

People

229 Employee(s)

9 Trustee(s)

1 Volunteer(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 13
£70k to £80k 3
£80k to £90k 1
£100k to £110k 3
£110k to £120k 1
£120k to £130k 1
£150k to £200k 1

Fundraising

No information available

Trading

This charity has one or more trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • General Charitable Purposes
Who the charity helps:
  • Children/young People
  • People Of A Particular Ethnic Or Racial Origin
  • The General Public/mankind
How the charity helps:
  • Provides Services
  • Provides Advocacy/advice/information
  • Sponsors Or Undertakes Research
  • Other Charitable Activities
Where the charity operates:
  • Throughout England And Wales
  • Northern Ireland
  • Scotland

Governance

Registration history:
  • 28 September 1987: Standard registration
  • 26 April 2017: Funds received from 274040 ARTS & BUSINESS LIMITED
  • 05 February 2020: Funds received from 1164791 IHG FOUNDATION (UK) TRUST
Organisation type:
Charitable company
Other names:
  • B I T C (Working name)
Company number:
01619253 Open in new window
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investing charity funds policy and procedures
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
  • Volunteer management
Land and property:
This charity owns and/or leases land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

9 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Peter Harrison Chair 08 December 2023
None on record
Zahra Shiva Bahrololoumi CBE Trustee 15 November 2023
None on record
Victoria Anne Davies Trustee 15 November 2023
None on record
Raman Bhatia Trustee 04 November 2021
None on record
Lucinda Charles-Jones Trustee 29 April 2020
None on record
Dame Alison Rose Trustee 06 February 2020
None on record
RICHARD HUTTON Trustee 12 July 2016
None on record
Keith Charles Frederick Weed CBE Trustee 17 November 2014
THE ROYAL HORTICULTURAL SOCIETY
Received: On time
THE SHROPSHIRE HORTICULTURAL SOCIETY (WISLEY TRAINEE) CHARITABLE TRUST
Received: On time
Jeremy Mark Pocklington CB Trustee 13 November 2013
None on record

Financial history

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Financial period end date

Income / Expenditure 30/06/2020 30/06/2021 30/06/2022 30/06/2023 30/06/2024
Total gross income £16.40m £16.90m £14.49m £13.99m £18.39m
Total expenditure £16.95m £14.82m £15.59m £15.84m £14.02m
Income from government contracts £133.95k £93.45k £102.76k £17.35k £86.21k
Income from government grants £657.95k £486.58k £683.54k £644.86k £484.67k
Income - Donations and legacies £1.30m £904.83k £1.03m £1.06m £590.35k
Income - Other trading activities £0 £0 £0 £0 £0
Income - Charitable activities £15.09m £16.00m £13.46m £12.88m £17.60m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £16.97k £771 £3.81k £42.91k £199.39k
Income - Other £0 £0 £0 £0 £0
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £16.95m £14.82m £15.59m £15.84m £14.02m
Expenditure - Raising funds £0 £0 £0 £0 £0
Expenditure - Governance £168.26k £169.52k £171.12k £186.11k £186.74k
Expenditure - Grants institution £0 £0 £0 £0 £21.00k
Expenditure - Investment management £0 £0 £0 £0 £0
Expenditure - Other £0 £0 £0 £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 30/06/2020 30/06/2021 30/06/2022 30/06/2023 30/06/2024
Own use assets £846.43k £774.17k £763.32k £744.25k £733.05k
Long-term investments £0 £0 £0 £0 £0
Other assets £8.10m £8.43m £7.20m £4.98m £8.80m
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £5.03m £3.64m £3.50m £3.11m £2.54m

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 30 June 2024 14 March 2025 On Time
Accounts and TAR 30 June 2024 14 March 2025 On Time Download Open in new window
Annual return 30 June 2023 23 April 2024 On Time
Accounts and TAR 30 June 2023 23 April 2024 On Time Download Open in new window
Annual return 30 June 2022 11 April 2023 On Time
Accounts and TAR 30 June 2022 11 April 2023 On Time Download Open in new window
Annual return 30 June 2021 01 April 2022 On Time
Accounts and TAR 30 June 2021 01 April 2022 On Time Download Open in new window
Annual return 30 June 2020 10 May 2021 10 days late
Accounts and TAR 30 June 2020 10 May 2021 10 days late Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES OF ASSOCIATION INCORPORATED 2ND MARCH 1982 AS AMENDED BY SPECIAL RESOLUTIONS PASSED ON 10TH SEPTEMBER 1987, 8TH DECEMBER 1994 AND 4TH DECEMBER 2001 AS AMENDED BY SPECIAL RESOLUTION REGISTERED AT COMPANIES HOUSE ON 17/12/2015

Charitable objects

2.1 THE OBJECTS OF THE CHARITY ARE: 2.1.1 THE RELIEF OF UNEMPLOYMENT AND POVERTY BY PROMOTING THE PRACTICAL INTEREST AND INVOLVEMENT OF COMPANIES, FIRMS, VOLUNTARY ORGANISATIONS, AND LOCAL AUTHORITIES, IN ADVANCING INDUSTRY AND COMMERCIAL AND SOCIAL ENTERPRISE BY CREATING OR ASSISTING IN THE CREATION OF OPPORTUNITIES FOR EMPLOYMENT IN AREAS WHERE INVOLUNTARY UNEMPLOYMENT IS CAUSING POVERTY, HARDSHIP AND DISTRESS OR PHYSICAL OR MENTAL ILL HEALTH; 2.1.2 TO ADVANCE EDUCATION BY THE PROMOTION OF RESEARCH AND THE PUBLICATION OF THE USEFUL RESULTS THEREOF RELATING TO THE CORPORATE SOCIAL RESPONSIBILITY AND COMMUNITY INVOLVEMENT POLICIES AND PRACTICES OF INDUSTRY AND COMMERCE; 2.1.3 OTHERWISE TO RELIEVE POVERTY, ADVANCE EDUCATION, PROMOTE EQUALITY AND DIVERSITY AND FURTHER OTHER CHARITABLE PURPOSES WHICH ARE BENEFICIAL TO THE PUBLIC BY PROMOTING THE PRACTICAL INTEREST AND INVOLVEMENT OF COMPANIES, FIRMS, VOLUNTARY ORGANISATIONS, LOCAL AUTHORITIES AND INDIVIDUALS IN SUCH PURPOSES PARTICULARLY IN THE COMMUNITIES IN WHICH THEY HAVE OPERATIONAL INTERESTS. 2.1.4 THE PROTECTION AND PRESERVATION OF THE ENVIRONMENT FOR THE PUBLIC BENEFIT BY PROMOTING THE PRACTICAL INTEREST AND INVOLVEMENT OF COMPANIES, FIRMS, VOLUNTARY ORGANISATIONS, AND LOCAL AUTHORITIES IN PROTECTING AND PRESERVING THE ENVIRONMENT IN THE COURSE OF THEIR ACTIVITIES.

Area of benefit

The area the charity can operate in, as set out in its governing document.

NOT DEFINED

Contact information

Address:
BUSINESS IN THE COMMUNITY
137 SHEPHERDESS WALK
LONDON
N1 7RQ
Phone:
02075668650
Email:
lesley.wolfenden@bitc.org.uk
Website:

www.bitc.org.uk Open in new window