##
##
##
|p ,
py
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|