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2020-09-30-accounts

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market research
report
and the recommendations
that flowed
from it we instituted
a number of activities. The
outlines
our achievements:		 follo wing
Advocacy
and campaigning:
we have enhanced
our advocacy
efforts to ensure
the voice of advisory
firms		 and their
private clients are heard
among policy makers and in government
Centre ofexcellence: we have effectively
positioned
Philanthropy
Impact as a member
organisation
that acts as a centre
ofexcellence for phi lanthropy
and sociaVimpact
investment
advice
Content
management:
we have
delivered
high
quality
technical
and topical
reports
to active meinbers
through		 our
contact list
Market awareness:
we have increased awareness ofPhilanthropy
Impact with our key stakeholders
Member
development
initiatives:
we implemented
a new
membership
programme
to increase
our corporate		 and
individual
membership
Key achievements
over the past 12months
-Ran an effective series ofvirtual "Walk in my shoes" events covering opportunistic
and strategic topics, attracting
around 60participants
with an additional
100-150streaming
hits.
-Achieved financial support &om City Bridge Trust (the funding
arm ofThe City ofLondon Corporation's
charity,
Bridge House Estates) for the training ofprofessional
advisors and for the accreditation
study and Barrow Cadbury
for the training forprofessionals.
- Supported
the All Party Parliamentary
Group (APPG) for Philanthropy
and Social Investment
led by Rushanara		 Ali,
MP and supported
by cross-bench MPs and Peers in Westminster.
-Delivered
12cross sector and in-house training
courses in collaboration
with a number oforganisations
including PIMFA and the Institute ofFundraising.
-Campaigned
around tax relieS, Charitable
Remainder
Gifls, SITR,responsible
investment
rules for trusts and
foundations,
and the MIFIDII consultation
on extending
client suitability
requirements
to encompass
sustainability
and ESGinvestments.
OUTLOOK FOR2021/22
Our reach grows continually
and we go into 2021 with apositive outlook.
-We will continue our weekly virtual thought
leadetship
Walk in my Shoes event
https://www.
youtube. coru/results?search
que~hflanthropy+impact
whilst the wider implications ofthe pandemic
are stifi affecting our community.
-Our recent magazine
proactively
answers the question'
What kind ofsociety do we want to build?' offers arecord
42 articles. Building on this the next magazine
will focus on SDGs -Financing the Future and the call for papers for
this Spring(Summer
edition will be out soon.
-We are the facilitators ofthe Application ofTechnology
working
group with the Beacon Collaborative,
with the		 goal
to develop an effective data sharing platform to support the wider philanthropy
sector.
-Our research into Donor Advised
Funds in the UK will be published
online in the later spring.
- Our self-certified CPD virtual events programme
will continue each month on practical issues facing professional
advisors
and their clients.
-Our Public Affairs committee
continues to support our campaigning
on issues related totax reliefs in the UK.
-Following
last year' digital audit our LinkedIn profile is growing
rapidly
as we continue to use this platform to share
articles and research &om the global sector.
- Our Training Programme
will provide cross-sector and in-house workshops
to develop the skills ofadvisors working
with (U)HNWI.
-We will continue to adapt to the ongoing COVID 19pandemic
and are well-placed to respond to opportunities
that
arise as restrictions
are lifted
Alongside
our normal activities we have some exciting new projects rolling uut over 2021/22.
-The launch ofthe Accreditation
in Philanthropy
and Social Investment.
-Brand building -our new logo was recently revealed and anew website will launch this year to support our
activities

-We will be adding
an online networking
option to our main webinar events
-We are working with partners
in the sector to produce aDirectory of Services		 to enable Philanthropists and Social
Impact Investors to access arange ofsupport.
-We will be returning
to face-to-face events enhanced
by the addition ofhybrid		 virtual broadcasting to bring our
community
together across borders.
-We will be recruiting
for our in-counny
committees
in Europe and developing		 anew mandate for collaborative
working created with current committee
members.
-We are collaborating
with change-makers
Future Planet on their events amund		 climate change.
-To ensure we are meeting the needs ofour Membership
Community
we will be sending out a survey		 shortly

2020 2019
Unrestricted Restricted Total Total
fund fund funds funds
Notes
INCOME AND ENDOWMENTS FROM
Donations
and membership		 2 84,125 121,922 206,047 174,874
Other trading activities 3 35,024 35,024 39,072
Total 119,149 121,922 241&071 213,946
EXPENDITURE ON
Raising funds 11,552 11,552 9,971
Charitable
activities
Training,
events and publications		 56,059 39,418 95&477 80,933
Other 54,288 75423 129,511 120,297
Total 121,899 114,641 236,540 211,201
NET INCOME/(EXPENDITURE) (2,750) 7481 4,531 2,745
RECONCILIATION OFFUNDS
Total funds brought forward 3&332 3&332 587
TOTAL FUNDS CARRIED FORWARD 582 7,281 7,863 3,332

2020 2019
Unrestricted Restricted Total Total
fund fund funds funds
Notes
CURRENT ASSETS
Debtors 10 6,476 6,476 15,852
Cash at bank 22,665 118,481 141,146 59,154
29,141 118,481 147,622 75,006
CREDITORS
Amounts
falling due within one year		 (28,559) (111,200) (139,759) (71,674)
NET CURRENT ASSETS 582 7,281 7,863 3,332
TOTAL ASSETSLESSCURRENT
LIABILITIES 582 7,281 7,863 3,332
NET ASSETS/(LIABILITIES) 582 7481 7,863 3,332
FUNDS 12
Unrestricted
funds		 582 3,332
Restricted funds 7,281
TOTAL FUNDS 7,863 3332

DONATI ON S
AND MEMBERSHIP
2020 2019
E
Donations and grants 161&202 127,559
Membership subscriptions 44&845 47,315
206,047 174,874

2020 2019
Training, events and publications 35,024 39,072
4. SUPPORT COSTS
Governance
Management Finance Totals
5
Other resources expended 119,475 3,439 6497 129,511
Support costs, included in the above, are as follows:
2020 2019
Other
resources Total
expended activities
Wages 69,670 62,164
Office rent, utilities and insurance 16,824 16,430
Professional fees 32,981 34,559
Bank oharges 3&439 2,404
Auditors' remuneration for non audit work 1,062 1,032
Accountanoy fees 1,888 1,830
Bookkeeping costs 3,647 1,878
129,511 120,297

2020 2019
E
Independent examiner's fees 1,062 1,032

2020 2019
Administrative 2 2
No employees received emoluments in excess off60,000.
COMPARATIVKS FORTHE STATEMENT OFFINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
E E
INCOME AND ENDOYYMENTS FROM
Donations
and		 membership 129,533 45,341 174,874
Other trading activities 39,072 39,072
Total 168,605 45,341 213,946
EXPENDITURE ON
Raising funds 6,306 3,665 9,971
Charitable
activities
Training,
events and publications		 71,592 9,341 80,933
Other 87,962 32,335 120,297
Total 165,860 45,341 211,201
NET INCOME 2,745 2,745
8. COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES - continued COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES - continued COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES - continued COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES - continued
Unrestncted Restricted Total
fund fund funds
6 6
RECONCILIATION OFFUNDS
Total funds brought forward 587 587
TOTAL FUNDS CARRIED FORWARD 3,332 3,332
9. TANGIBLE FIXEDASSETS
equipment
COST
At 1October 2019and 30September 2020 3,889
DEPRECIATION
At 1 October 2019and 30 September 2020 3,889
NET BOOKVALUE
At 30September
2020
At 30September 2019
10. DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
Trade debtors 1,450 8,698
Other debtors and prepayments 5,026 7,154
6,476 15,852
IL CREDITORS: CREDITORS: AMOUNTS FALLING DUE WITHIN ONE AMOUNTS FALLING DUE WITHIN ONE AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
Social security and other taxes 1,178 1,010
Other creditors 7,164 13,842
Deferred income 131,417 56,822
139,759 71,674
12. MOVEMENT IN FUNDS
Net
At movement At
1.10.19 in funds 30.9.20
Unrestricted funds
General fund 3&332 (2,750) 582
Restricted funds
Restricted fund 7481 7481
TOTALFUNDS 3432 4,531 7,863
Net movement in funds, inoluded in the above are as follows:
Incoming Resources Movement
resources expended in funds
Unrestricted funds
General fund 119,149 (121,899) (2,750)
Restricted funds
Restricted
fund		 121,922 (114,641) 7481
TOTALFUNDS 241,071 (236,540) 4,531
Comparatives for movement in funds
Net
At movement At
1.10.18 in funds 30.9.19
6
Unrestricted funds
General fund 587 2,745 3,332
TOTAL FUNDS 587 2,745 3,332

Incoming Resources Movement
maowcea expencied in funds
8
Unrestricted
funds
General fund 168,605 (165,860) 2,745
Restricted funds
Restricted fund 45,341 (45,341)
TOTAL FUNDS 213,946 (211,201) 2,745

2020 2019
I I
INCOME AND ENDOWMENTS
Donations
and membership
Donations
and grants		 161,202 127,559
Membership
subscriptions		 44,845 47,315
206,047 174,874
Other trading activities
Training, events and publications 35,024 39,072
Total incoming
resources		 241,071 213,946
EXPENDITURE
Raising donations
and legacies
Printing, postage and stationery and telephone 1,552 6,306
Fundraising
costs		 10,000
Training 3,665
11,552 9,971
Charitable
activities
Conference travel, accommodation and
subsistence 5,786 8,094
Conference
and events costs		 3,021 5,124
ITand website maintenance 8,567 27,367
Professional
consultancy		 fees 78,103 40,348
95,477 80,933
Support costs
Management
Wages 69,670 62,164
OBicerent, utilities and insurance 16,824 16,430
Professional
fees		 32,981 34,559
119,475 113,153
Finance
Bank charges 3,439 2,404
Governance
costs
Auditors'
remuneration		 For non audit work 1,062 1,032
Accountancy
fees		 1,888 1,830
Bookkeeping costs 3,647 1,878
6,597 4,740
Total resources expended 236,540 211,201
Net income 4,531 2,745