Finance Score: 3
Governance Score: 9
Support Score: 11
  • Low unrestricted reserves: -2
  • Strong growth: +2
  • Fundraising costs low: +3
  • Good trustee age range: +3
  • Dynamic board: +3
  • Gender balanced board: +3
  • Grant maker support: +11
Overall GiG Score: 23 ?

FINANCE INNOVATION LAB 

THE FINANCE INNOVATION LAB WORKS FOR A FINANCIAL SYSTEM THAT SERVES PEOPLE AND PLANET - ONE THAT IS DEMOCRATIC, RESPONSIBLE AND FAIR. WE DO THIS BY FINDING, CONNECTING AND BUILDING THE IMPACT OF INNOVATORS, CAMPAIGNERS AND INTRAPRENEURS (PROFESSIONALS SEEKING TO TRANSFORM THEIR ORGANISATIONS).
Analysis by Giving is Great

Positives:

  • There has been strong growth in spending over the last 5 years
  • There have been no material income shortfalls in recent years
  • Fundraising costs are low relative to funds raised
  • A significant proportion of recent income was derived from major grant makers
  • The Board appears to be well diversified in terms of age and gender and dynamic in terms of composition

Regulatory & Governance issues to consider:

  • This charity is not recognised by HMRC for Gift Aid according to its latest published return

Financial issues to consider:

  • Unrestricted reserves appear to be dangerously low at the latest year end
Established: 8 years

http://www.financeinnovationlab.org/

hello@financeinnovationlab.org

07934 381666

Charity Commission for England and WalesCompanies HouseX
UN SDGs
?

Financial Data ?

Income & Spending ?
Sources of Income ?
Y/E Income
£k
Spending
£k
Surplus/
Deficit
Fundraising
Cost £k
Total
Funds £k
Unrestricted
Funds £k
Mths
Rsrvs
Staff Volun-
teers
31/12/22£803£742£60£48£303£1362.2100
31/12/21£563£457£105£37£242£1273.360
31/12/20£412£378£34n/an/an/an/an/a4
31/12/19£363£390£-27n/an/an/an/an/a1
31/12/18£316£263£52£0£0£0n/a00
31/12/17£223£228£-5£0£0£0n/a00
31/12/16£261£248£14£0£0£0n/a00

Financial Ratios
Fundraising Costs/Relevant Income: 6%
Fundraising Costs/Total Spending: 6.4%
Senior Staff Costs/Total Spending: 23%
Highest pay band: £70,000-£80,000
Liabilities/Assets: 22%
Liabilities/Income: 10%
Unrestricted Funds/Total Funds: 45%
Reserves/Spending: 2.2 months
Net Current Assets/Spending: 5 months
Quick Ratio: 4.5
Asset Split ?
Listed activities
  • Economic/Community Development/Employment
  • Education/Training
  • Environment/Conservation/Heritage
  • General Charitable Purposes
  • The Prevention Or Relief Of Poverty
How it operates
  • Makes Grants to Organisations
  • Provides advocacy/advice/information
  • Provides services
  • Sponsors or undertakes research
Where it operates
  • Throughout England And Wales, United States,
Who it helps
  • Other Charities Or Voluntary Bodies
  • The General Public/Mankind
Who works here?
  • 10 employees

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Major supporters in last 5 years
Friends Provident Foundation£355,000
Joseph Rowntree Foundation£275,000
Tudor Trust£192,000
Barrow Cadbury Trust£100,000
The Joffe Trust£90,000
J J Charitable Trust£50,000
Paul Hamlyn Foundation£20,000
Specific Donations
Amount When
Months
To be used for
Barrow Cadbury Trust - Financial regulation for economic justice 2022-24
£100,000 23/10/2021
Building an advocacy infrastructure that will support civil society organisations to influence financial policy and regulatory decision-making
J J Charitable Trust - Community and Communications Manager
£50,000 29/09/2021
Community and Communications Manager.
Tudor Trust - Grant to Finance Innovation Lab
£90,000 16/08/2021
36
over three years as unrestricted continuation funding for a national charity working for a fair, inclusive and socially useful financial system
Friends Provident Foundation - Decolonising Economics
£15,000 01/06/2021
Hosted by Finance Innovation Lab this funding is entirely focused on support for Decolonising Economics in becoming an established, constituted organisation. Approved by SM under Chair's delegated ....more
The Joffe Trust - Finance Innovation Lab
£90,000 14/05/2021
36
Promote social and environmental issues in financial regulation
Tudor Trust - Grant to Finance Innovation Lab
£2,000 11/01/2021
as an additional grant to support staff, volunteer and trustee wellbeing, to assist the organisation deliver its charitable purpose more effectively
Friends Provident Foundation - Finance Innovation Lab - Core 2021
£240,000 08/12/2020
Core funding in support of FIL's work
Joseph Rowntree Foundation - Grant to The Finance Innovation Lab
£275,000 28/11/2020
60
Core costs
Paul Hamlyn Foundation - Financial regulation, social purpose and the data economy
£20,000 12/02/2020
To empower civil society and finance organisations across the UK to understand and influence the finance system, in order to reduce exclusion, exploitation and inequality.
Friends Provident Foundation - Finance Innovation Lab-Core Funding 2
£100,000 10/12/2019
Core funding in support of FIL's work
Tudor Trust - Grant to Finance Innovation Lab
£100,000 29/11/2019
24
over two years as continuation core funding for a national charity working for a fair, inclusive and socially useful finance system
Barrow Cadbury Trust - A just and sustainable data revolution in finance
£23,500 11/09/2018
4
Convening to promote ideas and partnership for data-driven financial innovation to address social and environmental problems.
Joseph Rowntree Foundation - Grant to Finance Innovation Lab
£105,000 02/12/2017
36
Core costs
Barrow Cadbury Trust - Financial Health Fellowship
£42,000 22/04/2017
7
To support the Lab's 2017 Fellowship programme including linking Toynbee Hall's Money Mentors with Financial Health Fellows.
Tudor Trust - Grant to Finance Innovation Lab
£150,000 14/12/2016
36
over three years towards the core costs of the Finance Innovation Lab, a national charity working for a fair, inclusive and socially useful finance system
Friends Provident Foundation - Finance Innovation Lab - Core Funding
£180,000 13/12/2016
36
Since 2013, Finance Innovation Lab has convened the Transforming Finance Network, a growing community of civil society groups focused on finance reform. Over the next two years, we want to build in ....more
Barrow Cadbury Trust - Can financial regulation promote social purpose?
£25,100 02/09/2016
6
To explore, during three roundtables, how mainstream financial services have become disconnected from their social purpose and if operational culture and regulation can work together to change this.
Friends Provident Foundation - Finance Innovation Lab - Core plus Transforming the Financial System project
£155,000 09/09/2014
The work will align civil society, amplify new narratives and cultivate action around systemic leverage points for change in finance. The long term aim is to create the enabling conditions that help ....more
Show more rows

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (8)
Current Trustees appointed
Gender Split

Age Range of Trustees: 29-61
  • KATHERINE BOSWELL Appointed: 2019, Occupation: Director Of Finance And Operations, The B Team
  • MIKAEL DOWN Appointed: 2019, Occupation: Executive Director For Assessment And Insights
  • NANA FRANCOIS Appointed: 2019, Occupation: Financial Services Strategy
Legal constitution
  • Charitable company registered in England & Wales on 22/01/2016, number: 1165269
  • Registered at Companies House on 08/01/2015, number: 09380418
Gift Aid
  • NOT registered with HMRC for Gift Aid
Policies in force
  • Complaints handling
  • Conflicting interests
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding vulnerable beneficiaries
  • Volunteer management
Filing Record
7 returns made; all on time
Main office

Finance Innovation Lab
10 Salamanca Place
LONDON
SE1 7HB

Objectives

THE PROMOTION OF ETHICAL PRINCIPLES IN FINANCIAL SYSTEMS FOR THE PUBLIC BENEFIT (INCLUDING BUT NOT LIMITED TO) BY:1. ADVANCING EDUCATION AND PROMOTING RESEARCH INTO THE UK AND INTERNATIONAL FINANCIAL SYSTEMS AND THEIR CONSTITUENT ELEMENTS INCLUDING IN PARTICULAR, AREAS OF CHANGE AND INNOVATION WITHIN THOSE SYSTEMS, EMERGENT TRENDS, NEW FINANCIAL BUSINESS MODELS AND IMPACTS OF INVESTMENTS ON SOCIETY AND THE ENVIRONMENT; AND PUBLISHING OR OTHERWISE DISSEMINATING THE RESULTS OF SUCH RESEARCH AND PROVIDING A FORUM FOR ITS DISCUSSION;2. PROMOTING SUSTAINABLE DEVELOPMENT BY:(A) PROMOTING THE PRESERVATION AND CONSERVATION OF THE NATURAL ENVIRONMENT AND THE PRUDENT USE OF NATURAL RESOURCES AND ECOLOGICAL PROCESSES; AND(B) PROMOTING SUSTAINABLE MEANS OF ACHIEVING ECONOMIC PROGRESS AND REGENERATION.IN THIS CONTEXT, SUSTAINABLE DEVELOPMENT MEANS DEVELOPMENT THAT MEETS THE NEEDS OF THE PRESENT GENERATION WITHOUT COMPROMISING THE ABILITY OF FUTURE GENERATIONS TO MEET THEIR NEEDS.3. RELIEVING POVERTY AND IMPROVING THE CONDITIONS OF LIFE IN SOCIALLY AND ECONOMICALLY DISADVANTAGED COMMUNITIES.

Data Sources

Charity Commission for England and Wales
360 Giving
CharityBase
Authorised officials of this charity can add information to this page (including a Donate Now button) for no cost

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