b'It is not just grant-making trusts that have beenWe face increasingly uncertain times where no affected; research by the Charities Aid Foundationfunding is guaranteed. We need to be even more shows donations from FTSE 100 companiescreative, working harder to ensure our work meets have dropped by 34% in real terms since 2014,the remit of the funders we approach and working despite a 49% increase in their combined profits.more closely with funders to shape and develop the Simultaneously, reductions in statutory fundingsupport we can offer. A partnership approach such have forced more charities to compete for limitedas ours will be vital for success. Finally, we must grants, creating a crowded and competitive fundingensure we have the reserves and controls to manage environment. and adapt our finances effectively. HNCPs primary funding sources include grantsThings have never been so challenging but HNCP from trusts and foundations, support from theremains committed to adapting its strategy and local authority, corporate partnerships, and publiccontinuing to nurture strong relationships. By donations. Key funders in recent years includeworking creatively and collaboratively, HNCP will the Mercers Charity, John Lyons Charity, Nationalcontinue building strong relationships with funders Lottery Community Fund, City Bridge Trust, andand supporters to help us meet the evolving needs of Lady Gould Charity. Multi-year commitments fromour community and navigate these difficult times.these funders have provided much-needed stability, enabling us to plan and deliver vital services. Lisa Northey-Dennis,HNCP Independent FundraiserWe also benefit from close collaboration with the London Borough of Camden, particularly in operating the Bertram Street building. However, as statutory resources face immense pressure, we recognise the need to diversify our funding base and reduce dependence on any single source.HNCP IMPACT REPORT 2020 - 2024 11'