Annual review

We’re delighted to share our inspiring stories of philanthropy and transformation from the past year with you.

The period this report covers – pre-EU referendum – was one of economic recovery, increasing employment and low inflation. For many it was a time of real optimism. But we also know it was a time when many charitable causes, particularly those that relied on funding from central or local government, were dealing with reduced income and increased demand.

Read our inspiring stories of the change, which demonstrate the impact our grants can make, from the very personal to the more strategic.

Read our 2016 annual review here.

Our annual review 2016 front cover

Read our past annual reviews