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C40 CITIES CLIMATE LEADERSHIP

Registered charity 1173124 · accounts filings on the Charity Commission register · also known as C40 CITIES UK

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Latest income
£13.9m
Latest spending
£14.2m
Registered
2017
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity incurred a net deficit of £0.3m in 2024, reducing its total reserves from £3.1m to £2.8m. Per the trustees' report, unrestricted reserves of £3.0m were held at year-end, which exceeds the board-approved policy target of approximately £1.0m. The trustees confirmed that the charity has sufficient funds to meet its liabilities as they fall due for at least 12 months from the date of approval.

What the accounts disclose

Reserves policy: £1.0m (held: £3.0m)
“Based on the 2025 budget, C40 Cities UK seeks to hold unrestricted (free) reserves in the region of £1.0m.” — page 9
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by HaysMac LLP. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£13.9m
Total spending
£14.2m
Reserves (reported)
£3.0m
Employees
153

Reported reserves equal ~2.5 months of spending — below the median for charities its size (median 4.6 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2024£13.9m£14.2m
31/12/2023£13.0m£11.8m
31/12/2022£11.1m£10.0m
31/12/2021£8.5m£8.3m
31/12/2020£7.2m£8.2m

Common questions

Is C40 CITIES CLIMATE LEADERSHIP financially healthy?

The accounts state that the charity incurred a net deficit of £0.3m in 2024, reducing its total reserves from £3.1m to £2.8m. Per the trustees' report, unrestricted reserves of £3.0m were held at year-end, which exceeds the board-approved policy target of approximately £1.0m. The trustees confirmed that the charity has sufficient funds to meet its liabilities as they fall due for at least 12 months from the date of approval. Its FY2024 accounts were audited by HaysMac LLP.