REGISTERED COIVIPANY NUMBER: 03625777 (England and Wales)
REGISTERED CEL4RITY NUMBER: 1089157
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATE￿￿r￿[s
FOR THE YEAR ENDED 30 SEPTEMBER 2024
FOR
PHIL4TrtTHROPY IIVIPACT
Orcom Civvals Limited
Accountants
50 Seyrnour Street
London
WIH 7JG

PHILANTHROPY IMPACT
CONTEF+fFS OF THE FINANCL4L STATEMENTS
FOR THE YEAR ENDED 30 sEPTE1￿BER 2024
Page
Report of the Trustees
I to 10
Independent Exan)iner's Report
li
Statement of Financial Aetivities
12
Balance Sheet
13 to 14
Notes to the FiDancial Statements
15 to 21
Detailed staten￿llt of Financial Activities
22 to 23

PHtLANfHROPY I￿ACT
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 SEPTELIJBER 2024
INERODUCTION
The Trustees who are a180 Directors of the Philanthropy Impact for the puryoses of the Companies Act
2006, present their report with the financial statements of the Charity for the year ended 30 September
2024. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019).
This report has been prepared in accordance with the Charities Act 2011
The year 2023-2024 has been one of significant progress for Philanthropy Impact, as we continue to
strengthen our position as one of the leading orgamsations supporting impact investment, philanthropy
and social investment. The Charity has expanded its offering8. introduced new digital tools,
strengthened governance, and increased engagement across sectors. The strategic £ocus on professional
advisor education and policy engagement has positioned Philanthropy Impact as an authoritative voice
in impact investing and philanthropy.
PhiJanLhropy Impact continues to operate as a membership-based organisation, with a growing
network of professional advisors (private client advisor8, wealth management, private banking, and
legal sectors) and their finns, impact investors and philanthropists. philanthropic institutions, and
non-profit organisation8. The organisation has positioned itself as a hub for learning and networking,
collaboration, and knowledge exchange, equipping advisors with tool8 and resources to better serve their
clients. Through it8 diverse set 0£ initiatives, Philanthropy Impact seeks to advance responsible wealth
stewardship, promote transparency in impact investing and philanthropy, and encourage high-impact
charitable giving and increased iTnpact investing.
ABOUT PHItANfHROPY IMPACT
Who we are
Philanthropy Impact, a driver of purpose-driven wealth, is a capacity building non-profit organisation at
the intersection between philanthropy, social investment, ESG and impact investment. Our mission is
to increase the flow of capital for good.
We are a membership network creating opportunitie8 to increase and improve impacUESG investing,
social investment and philanthropy.
How We Achieve Our I￿]sSIon
We achieve this by building the will and capacity of professional advisors (private client advisors. wealth
management, private banking, tax and legal sectors) to support theii (U)HNW private client8 on their
impact investment and philanthropic journey.
We serve as a conduit to valuable professional and other networks providing opportunities for private
client professional advisors across the spectrum of capital to network with other advisors building
relationships creating opportunities to work together. to gain referrals, and to achieve growth.
The three Rs for partnering with Philanthropy Impact ￿e. Reach New Clients, Retsin Clients. and
Enhanee Reputation
Our Stakeholders also include philanthropists. impact investors. trusts and foundations, and charities
and social enteryrises.
Our Services
Page I

PHILANTHROPY IMPACT
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Our means for realising our vision includes thought leadership and sharing intelligence. events, CPD
Certified CISI Endorsed face to face and eLearning training, 23 Impact, podcasts, bespoke networking
opportunities, campaigning, pub]ication8 including a magazine, and resour￿8 for advisors and other
Stakeholders.
We give courage, confidence and opportunity.
Partnering with Philanthropy Impact: The T}￿ee Rs
Reach New Clients
Partnering with Philanthropy Impact PD showcases your firm'8 dedication Lo seNing a new
generation of clients who seek to incoryorate purpose and social i]npact into Lheir financial
strategies. It al80 reflects your conmiitment to the ongoing professional development of your
advisors in this evolving space.
Retain Clients
Collaborating with PI enhances your tearn'8 ability to provide exceptional cu8tomer support by
deepening their understanding of how client8, wealth can have a meaningful impact. This leads
to stronger and more meaningful relationships with clients.
Reputation
Working with PI underscores your firm'8 engagement in Sustainable practices
and
demonstrates your alignment with clients, de8ire8 to manage their wealth in ways that reflect
their personal values. goals, and aspirations toward8 making a positive impact.
Key Research Findings and its Implications
Philanthropy Impact's Research on GENZ, Millennial and Women of Wealth Holders
Changing Client Expectations
The next generation of wealth holders (millennials, Gen Z and Women of Wealth) is
significantly more value-driven, expecting their investments to align with their social and
environmental beliefs.
Wealth transfer trends suggest that 80'h of millennial heir8 will seek new financial advisors,
moving away froTn their parents, advisors who lack expertise in ESG and impact investing.
Gaps in the Professional Advisory Industry
Mismatch between advisor services and client expectation8
Few advisory firn)s have developed a values-led inve8tment framework.
Lack of leadership buy-in within advisory firms on sustainable finance.
Need for specialised training.. Many advisors lack the technical ]mowledge to guide client8 in
values based di8CU88ion related to impact inve8ting and philanthropy.
Recommendation8 for Advisory Firms
To future-proof their bu8iness and retain next-gen clients, advisors 8bould..
Develop a clear impact strategy.. build a formal strategy integrating 8U8tainable
investment and philanthropy senTices.
Strengthen impact investment knowledge and expertise.
Engage nexL-gen clients early.
Market Trends in ESG and Impact Investing
Mainstream Adoption of Sustainable Investing
760/0 of under-458 want to See an advisor once they inherit their wealth.
Millennials and Gen Z expect f￿anCIal advisor8 to incorporate impact inve8tment into their
portfob'os.
Diverging ALtiLudes Between Generations
Older clients focus more on exclusion8 (e.g., avoiding tobacco, f088il fuels).
Younger clients actively seek ESG-aligned investments with a measurable impact.
Financial Return8 V8. Ethical Considerations
Investor8 are increasingly prioritising value8-based investing. even if it means lower
short-terni returns.
Page 2

PHILANTHROPY IMPACT
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 SEPTEMBER 2024
0 60 % of UK wealth will be held by women by 2025, yet only I l°h of advisors have a strategy for
attracting female clients.
Rise of Impact-Driven Careers and Business Models
640/0 of Millennials base their investment decisions on values.
o Financial firms need to integrate etbical investing practi￿8 to attract both clients and talent.
In summary there is a significant shift in wealth management and advisory services, driven by younger
generations and women of wealth seeking impact investment and pbilanthropic giving integration and
greater impact from their investments. Financial advisory firnis must adapt by inve8ting in education,
technology, and sustainabIe financial planning to retain clients and stay competitive in the evolving
wealth Iandscape.
Page 3

PHILANfHROPY IMPACT
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 SEPTEIVIBER 2024
OBJECTIVES AND ACTtVITIES
CELEBRATING THE IMPACT OF PHILANTHROPY IMPACT AND ITS NETWORK
25th Anniversary Event
In November 2023, Philanthropy Impact marked its 25th year with a notable celebration at the Refornl
Club in h)ndon, bringing together over 170 member8 and supporters. This event 8howcased the
organisation's achievements and outlined ￿tUre directions.
The meeting honoured Philanthopy Imp2Ct's founder, Jim Myer8, and former Chief Executive, Sue
Daniels, for their foundational contributions. A panel led by Rennie Hoare engaged in a discu88ion about
the organisation's mission and impact, offering reflections on philanthropy's evolving landscape.
Shaping the Future: Celebrating Connecting
￿lebratiOn event similar to the 25th Anniversary event was repeated in November 2024. It wa8
attended by 200 people. The event was a unique opportunity to connect with intluential leaders.
innovators, and decision-makers across the philanthropy and impa¢L investment sectors. The gathering
was designed to £oster meaningful relationships, provide insights into the latest trends, and create
opportunities for collaboration and growth.
IIEY STRATEGIC INITIATIVES, ACHIEVELIIENTS AND PERFORMANCE
23 Impact: The platform 18 now fully functional, and we are beginning to See Lhe results of our
marketing activities. These efforts have begun to succesS￿llY raise awareness and driven increased
engagement.
Podcasts: The "Ln Couversation With" series, launched in February 2024. is a key feature of our
podcast. This series invites CEO8 and experts from our membership community to engage in insightful
discussions on illLportant topics in philanthropy and impact investing. By showcasing thought
leadership, the series positions the podcast as a valuable platform for meaning￿1 dialogue with industry
leaders. Episodes in the In Conversation With series have demonstrated 8trong listener engagement.
The average number of listenslviews for these episodes is 107, significantly higher than the 74 average
for non-" In Conversation episodes. Episode 25, featuring Juliet Agnew, had the highest engagement
with 181 lisLens/views, indicating the audience's strong interest in interviews with prominent guests.
Research: in addition to the continued development new research initiatives to influence best practice
including updating the DAF research and Lhe identification of values based mode18 of wealth
management service delivery models.
Research identifying key trends infiuencing wealth management in 2025 will take place - The wealth
anagement industry is undergoing rapid transformation, infiuenced by shifting client expectations,
global eeono]nic dynamics, regulatory changes, technological advancements influencing inve8Lment
strategies and operational nLodels.
Impact and Outcome: The recent Driving Capital for Good and Transforming Wealth Management
Philanthropy luLpact Outcome8 and I￿pact and Philanthropy Impact's Theory of Change papers
introduces a refined, practical approach to measuring and communicating the differenee we are making
in the sector. By focusing on actionable insights and outcome8, Philanthropy Impact 18 better equipped
to track its progress and demonstrate how it is driving sector-wide change. This approach not only
strengthens our internal understanding of our impact but also enhances how we con]murricate our value
to stakeholders, partners, and the broader philanthropic community. As we continue refining our
etrics, we are committed to en8uring that our strategies remain transparent, results-driven, and
aligned with our mi ssion Lo create lasting, positive change.
Page 4

PHIL4NTHROPY IMPACT
REPORT OF THE TRUSTEES
FOR THE YEAR EF(DED 30 SEPTEMBER 2024
Professional Development and Training". Over the past ye￿, Philanthropy Impact has expanded its
CPD Certified and CISI Endor8ed training progranllnes. These prograrnmes focus on equipping advisors
with the Lools to enhance their client relationships and better integrate values based discussions into
fmancial planning. Training tOPlC8 have ranged from ESG and impact investing, regulatory changes,
and tax-efficient giving straLeges. The feedback from training pthicipants has been overwhelmingly
positive. Philanthropy Impact ha8 also intrOdU￿d bespoke in-house training for firms, catering
specificajfy to wealth managers and le gal professionals.
Networking Events: Philanthropy Impact held high-profile networking events. These events have
enabled fmancial and legal advisors, we8lth managers, and impact investors to collaborate on strategies
for su8tainable and impactftll giving. In addition the regional expansion of networking events is
ongoing, for examp le with a dedicated roundtable discussion hosted in Bristol.
Policy Ellgagen￿llt and Advocacy: We actively contribute to discussions with government bodies.
advocating for tax incentives and regulatory fraJneworks that encourage philanthropic ￿Ving. The
organisation is playing a role in shaping the approaches to managing UK regulatory frameworks
especially as it related to the importance of values based (Jiscussion with clints.. This advocacy work has
been eomplemented by direct consultations with ￿￿￿￿Rc and other key poli¢ymakeTS. A policy paper has
been published, outlining recommendations for increasing philanthropic engagement
among
high-net-worth individuals.
E-Learning and Digital Engagen￿nt. Developed over the past several znonths the newly launched
CPD Certified and CISI Endorsed e-learning training entitled Purpose Driven Advising - Mastering
Impact and Value-based Wealth Management provide8 an on-demand training and resources for
professional ad￿sOr8. This initiative aims to scale educational outreach and ensure that more
professionals are equipped with the knowledge required to integrate values based di8cu88ions into their
practice. The learning objectives .
Introducing philanthropy and impact investing to support clients, sustainability outcome8.
At the end of this introductory training, private client professional advisors in wealth
management and in the finallce industry will understand the role played by philanthropy and
impact investment Lo achieve clients, sustainability outcomes and they will understand the
conllnercial opportunity and benefits to the firm and adNusor.
The following is a summary of the content of the 4x15 minute sessions:
Part I: The Context - Introduction to Philanthropy and Impact Investing. Advisors will g8m a
foundational understanding of key concepts and sLrategie8 that support clients, philanthropic and
i]npact investment goals. Background including thivers of change impacting on professional
advisors and the purpo se of the training
Part 2 - Wbat is impact investing and regulatory issues - Ajigning Client Values with
Investment Goals: The section dives into practical methodologies for inte￿atIng client values into
investment portfolios, emphasising ethics and re8ponsibili ty.
Part 3 - Philanthropy and supporting clients on their philanthropic journey - discussing
the 23 services needed on this journey, paxticipants will learn how to effectively support clients,
philanthropic activities, from strategy development to tax considerations.
Part 4 -Beconllng a Trusted Advisor in Wealth Management - The final module focuses on
advisors as trusted professionals capable of guiding clients to make meanin￿1 f￿￿1claI
decisions that reflect their personal and societal goals.
Government Relations and National Strategy: Philanthropy Impact is contributing extensively to
the National strate￿ for Philanthropy discussions in Parliament, ensuring that philanthropy remains
central to government initiatives. This advocacy aims to improve the policy enwonment for c&￿itable
giving and impact investment, focusing on th e long-tern] sustainability of philanthropy-driven solutions.
Page 5

PHIIANfHROPY IMPACT
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 sEPTE1￿BER 2024
Strategic Partnerships: Partnership8 have been developed with a variety of organisation8 such as
Avy8e, Chartered In8urance Institute, CISI, CPD Certification, LIBF, ETCHO, Guernsey Finance,
Jersey Finance, London Institute of Banking and Finance, Owen James Partnership, PIMFA,
University of Zurich, Cleanriew Publishing, Wealth Mosaic, Alliance Magazine, Managing Partners
Forum, Maanch, Chartered Institute of Fundraising, Future Planet, Responsible Finance, and UKSIF.
We have developed a number of media partnership with Jersey Finance, UKCF, Guernsey Finance,
Incisive Media (Sustain able Investment Festival), GAIL, and AVPN.
Giving Navigator: Our online tool has been updated to help philanthropists and their adTrrysors identify
their priorities and access valuable resources for their giving journey.
Magazine: Our popular rnagazine continue8 to be published, featuring cutting-edge insight$ on
sustainable finance, impact investment, and philanthropy. Our magazine has gained significant
popularity and continues to attract great interest. Many organisations. firms, and individuals expre88 a
strong desire to be featured on its pages, recognising the platform's inlluence and reach within the
industry.
Award: We have been shortlisted for the Professional Adviser Awards 2025 in the Best Support Servi
for Advisers and for Lhe Citywealth Brand & Marketing Awards 2025 in the Be8L Webinar of the Year
category. Being 8hortlisted is a testament to the value we provide to our clients and the impact we have
made within the 8ector. This achievement not only elevate8 our profile but al80 reinforces our p081tion
as a leader in the field, delivering exceptional service and results.
Social Media: we continue to have a 8trong soeial media presence. For example: LinkedIn followers
are now at 11,996 with content is not only attracting more follower8 but also engaging a broader
audien￿.
Membership Growth and Engagement
Membership numbers have grown by 35% over the past year, reflecting increased interest from for
profit wealth management coryorations and indiTrrydual advisors as well a8 non-profit organisation8.
Members have benefited from expanded resources, exclusive events, and enhanced engagement
opportunitie8.
There has been a 750/0 increase in engagement levels among existing members,
dellLonstrating the effectiveness of Philanthropy Impact's initiatives. In addition the Philanthropy
Impact online co]nmunity has been redesigned Lo encourage peer-to-peer learning and the exchange of
best practice8.
Additions to our New Website
The launch of four new pages on our website marks an exciting development that will Significantly
enhance the membership experience and broaden our organisational reach. Here's a summary of each
new page and its impact:
Climate Action Campaigns: featuring climate action initiatives led by our members, providing a
platform for them to share their projects and accon]pli8hment8. It is designed to promote visibility
and engagement around environmental efforts within our commurrity.
Fundraising Projects Hub: providing information about various fundrai8ing campaigns led by our
members (note we will not be endorsing the campaign, just information only approach). Thi8 page
will Serve as a valuable resource for professional advisors and their clients who are seeking
philanthropic investment opportunities.
I]npact Stories: Showcasing the work of corporate members demonstrating the impact of their
efforts and fostering greater recognition within the industry.
Trustee Leadership Network - Call for Trustees: supporting organisations, recruitment efforts by
highlighting the role of trustees, their re8ponsibilities, and the benefits of joining leadership
teams. It aims to attract qualified individuals who are committed to advancing a charitable
nii88ion.
Ambassador Programn
Page 6

PHI￿￿￿HR0Py IMPACT
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 SEPTEMBER 2024
The Ambassador Programme has expanded, with plans to have high-profile figure8 joining to champion
the organisation's mission.
OUTCOMES AND IMPACT: A SUIVL￿y
For more detail see the section above entitled STRATEGIC IMTIATIVES, AcHIEVElI￿NTs
AND PERFORTrL4NCE.
l. TranSforn￿t10nal Impact in Wealth Advisory
Philanthropy Impact has infiuenced the f￿ance sector by:
o Training advisors: CPD Certified CISI-endor8ed courses equip advisors with the confidence to
discuss philanthropy and ESG strategies with clients.
o Encouraging sustainable finance adoption: Many leading firnis have expanded their philanthropy
and impact investing senTices.
Fostering a collaborative community: Events, podca8ts, and networLing opportunities have
connected professionals, leading to innovative partnerships in sustainable finance.
2. Membership Growth and Engagement
Membership has grown despite economic uncertainty, thank-s to strategic initiatives such as:
Revamping membership categories and pricing to better serve professionals at different levels.
In-person and virtual networking events that provide real-time industry insights and
connections.
A new CRM system to track engagement and provide member8 With personalized content.
This has resulted in higher member satisfaction, increased renewals, and stronger community
engagement.
3. Financial Sustainability and Future Strategy
Philanthropy Impact is expanding its revenue skneams by".
Developing e-learning modules to provide on-demand, scalable training.
Enhancing sponsorship models to align corporate partners with social impact goajs.
Implementing a refined customer journey to improve engagement and membership retention.
IA)ng-term financial health is further strengthened by targeted fundraising, diversified income sources,
and deepened strategic partnerships.
4. Sector Influence and Thought Leadership
Philanthropy Impact plays a pivotJJ role in shaping policy and industry standards by:
Engaging with Treasury and financial regulators to promote policies that support
philanthropy and impact investing.
Driving thought leadership through research, publications, and digital learning platforms.
Encouraging firms Lo adopt ESG and impact-focused senrices. resulting in increased socially
responsible investing.
5. Conclusion
Philanthropy Impact's dedication to enhancing philanthropy and impact investment has created a
meaningful and growing inlluence aeross the financial and advisory sectors. By empowering private
client advisors to aIign client investments with Social and environmental values, the organisation is
supporting a hoIistic approach to wealth management that embraces both financial success and societ81
impact. Through its initiatives, Philanthropy Impact has fostered engaged network of professionals
who are increasingly adopting sustainable and impact-focused strategies, shaping a future where wealth
management and social responsibility intersect.
FINANCLAL REVIEW
Investment Strategy and Cash Reserves
Our current strategy keeps cash reserves in the bank, but we're considering shifting to social impact
investments to potentially enhance our work's effectiveness.
Page 7

PIULANTHROPY IIWACT
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 SEPTEIVIBER 2024
FINANCIAL REVIEW
Reserves poliey
Unrestricted ￿nds, which are the charity's reserves in accounting terms, Stood at £6,449 at 30
September 2024 (2023:£6,449) which represents around I week of expenditure at current rate8.
However, in assessing the financial position of the charity, the trustees also consider balance8 of income
received from or owed by members and donors Lo cover expenditure in future periods (deferred income).
This income is not included in the statement of financial activities until the period to which it relates
and 18 c￿rIed forward on the balance sheet within creditor8.
This pre-funding of activity reduces the need Lo cary reserves. At 30 September the balance of deferred
income (which is shown in note I l on page 19) was £117,744 (2023.. £102,887).
The total of unrestricted funds and deferred income represents the total balan￿ held at the year end
available to fund expenditure in the next fmancial year and beyond. The total amount of £124,193
(2023.. £109,336) is equivalent to approximately 4 months, expenditure at currently planned level8
(2023: 4 months).
As the business model of the charity evolves, the trustees will review their approach to managing
reserves and adopt a revised policy which addresses future ri8k8 and opportunities.
Going concern
In a8sessing the financial po8ltion of the charity at 30 September 2024 the trustee8 have considered the
level of fund8 and deferred income held at that date as well as the known and projected income for the
following year, together with planned expenditure. Taking account of these eactors, the trustees do not
believe there is any material uncertainty regarding the charity's ability to continue operating for the
foreseeable future and accordingly have presented Lhe attached accounts on a going concern basi8.
Financial Stability and Growth Strategy
Implementing our growth strategy aims to 801idify our financial base. The Trustee8 believe, based on
current budget8 and anticipated income, that Philanthropy Impact is financially 8table and can operate
continuously.
Financial Highlights of the Year
Total income for the current financial Ye￿ was £308,341, with £13,482 from trading activities. Expenses
amounted to £308,341. Regular financial reviews confrm our ability to operate sustainably.
Risk Management
We recognise risk8 like insufficient income and challenges in Tnember engagement that could impact our
financial health. Efforts to mitigate these include enhancing programme quality, increasing member
engagement, and diversifying funding Sources. We engage with members to gather feedback and adapt
our strategies accordingly.
Operational Resilienee
We're mindful of the challenges snLall organisations face, such as staff turnover, and have developed
policies to maintain operational consistency. Ongoing fundraising efforts complement our income to
support our mission.
Page 8

PHIL4￿HROPy IMPACT
REPORT OF THE TRUSTEES
POR THE YEAR ENDED 30 SEVTEIVIBER 2024
STRUCTURE, GOVERNANCE AND MANAGELVLENT
Legal Status and Governance
Philanthropy Impact is a registered charity and a Company liruited by Guarantee in England and
Wales.
IL is governed by a Trustee Board with 6 to 15 member Trustees, serving up to two consecutive
three-year terms. The Chair is elected annually.
Supporting Conunittees:
Governance and Non)inations Conllrrittee
Evaluates and strengthens the Board's composition and effectiveness, advocating for increased diversity
and representation in the professional serVI￿S sector.
Finance Conllnittee
Monitors financial health through quarterly and annual reviews, ensuring responsible ll￿￿gement of
the organisation's finances.
Menthership ConuDittee
Focuses on growing the organisation by enhancing revenue generation, market opportunities, and
membership services, including support for innovation and development of strategic m8JLeting and
communication plans.
Membership and Development Connnittee
Supports by enabling the team to maximise revenue generation and market opportunities to grow the
organisation including innovation to address changing membership, client and stakeholders, needs.
Public Affairs Con]n)ittee
Leads advocacy efforts to intluence public policy related to philallthropy and soci31 investment,
engaging with governmental bodies and public forums to represent the interests of members and the
broader sector.
Trustee Recrwtment
Trustees are selected through a careful nomination pr(￿e$S within the membership network, focusing on
diverse 8kill8 and experien￿8 to strengthen the Board's capabilities.
Operational Managert￿nt
Day-to-day operations are managed by four full_time staf¢ including the Chief Executive, supported by
freelance associates, consultants, and volunteers. These volunteers play a critical role in event planning,
content Creatio￿ and technical support.
Acknowledgement of Volunteers
The Board appreciates the invaluable contributions of volunteers to Philanthropy Impact's mission and
activities.
REFERENCE AND ADIVIINISTRATIVE DETAILS
Registered Company number
03625777 (England and Wales)
Registered Charity number
1089157
Page 9

PHILANTHROPY IMPACT
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 SEPTEThIBER 2024
Registered office
5 Fleet Place
London
EC4M 7RD
Trustees
The Directors of the colnpany are its Trustees for the purposes of Charity law. The Trustees during the
year were as follows:
Rennie Hoare, Chair
Jo Bateson
Jamie Broderick
Cath Dovey
Sarah Farrow
Edward Finch
Ceris Gardner
Dar8hita Gilb'es
Arun Kelshiker (Joined April 2024)
George King (Deputy Chair)
Keith MacDonald
Jaime McIEmore (Joined June 2024)
Nandu Patel
Sarah Soar (Joined June 2024)
Independent Examiner
FCA
Oreom Civvals Limited
Accountants
50 Seyrnour Street
London
WIH 7JG
Solicitors
Charles Russell Speechlys
5 Fleet Place
London
EC4M 7RD
Approved by order of the board of trustees on 18 March 2025 and signed on its behalf by:
R Hoare - Trustee
Page 10

INDEPENDENT LXAMINERtS REPORT TO THE TRUSTEES OF
PHILATrKfHROPY IIVIPACT
Independent examiner's report to the trustees 0£ Philantl￿0pY Impact ('tbe Company,)
I report to the charity trustees on my examination of the accounts of the Company for the year ended
30 September 2024.
Responsibilities and basis of report
A8 the charity's trustees of the Company (and also its directors for the purposes of company law) you are
responsible for the preparation of the accounts in accordan￿ with the requirements of the Companies
Act 2006 ('the 2006 Act).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16
of the 2006 Act and are eligible for independent exa]nination, I report in respect of my examination of
your charity'8 accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act). In
carrying out my examination I have followed the Directions given by the Ch￿lty Cornmission under
Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gro88 income exceeded £250,000 your examiner must be a member of a listed body. I
can confirm that I am qualified to undertake the examination because I arn a registered member of FCA
which is one of the listed bodies.
have completed Iny examination. I confim that no matters have come to my attention in connection
with the examination giving me cause to believe:
accounting records were not kept in respect of the Company as required by Section 386 of the
2006 Act. or
the accounts do not accord with those records" or
the accounts do not ¢ompIy with the accounting requirements of Section 396 of the 2006 Act other
than any requirement that the accounts give a true and fair view which is not a n￿tter
considered as part of an independent examination", or
the accounts have not been prepared in accordanee with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charities (applicable to
charities preparing their accounts in accordan￿ with the Financial Reporting Standard
applicable in the UK and Repubjic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
FCA
Orcom Civvals Limited
Accountants
50 Seymour Street
London
WIH 7JG
18 March 2025
Page 11

PHIIANfHROPY IMPACT
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE ISAR ENDED 30 SEPTEMBER 2024
2024
Total
funds
2023
Total
ftmds
Unrestricted Re8tricted
fund
nd
Notes
INCOME AND ENDOWMENTS FROM
Donations and membership
200,280
94,579
294,859
308,615
Other trading activities
13,482
13,482
18,330
Total
213,762
94,679
308,341
326,945
EXPENDITURE ON
R￿Sing funds
1,087
1,087
1,229
Charitable activities
Training, events and publications
98,783
22,357
121,140
110,579
Other
113,892
72,222
186,114
214,749
Total
213,762
94,579
308,341
326,557
NET INCOME
388
RECONCILIATION OF FUNDS
Total funds brought forward
6,449
22
6,471
6,083
TOTAL FUNDS CARRIED FORWARD
6,449
22
6,471
6,471
The notes form part of these financial statements
Page 12

PHIL4Trffl1ROPY IMPACT
BALANCE SHEET
30 SEPTE11￿ER 2024
2024
Total
funds
2023
Total
funds
Unrestricted Restricted
fund
fund
Note8
CURREFrf ASSETS
Debtors
Cash at bank
io
22,449
108,879
22,449
111,776
52,182
71,673
2,897
131.328
2,897
13£225
123,855
CREDITORS
Amounts falling due within one year
li
{124,879)
{2,875) (127,754)
(117,384)
NET CURREE+rr ASSETS
6,449
22
6,471
6,471
TOTAL ASSETS LESS CURRENT
LL4BILITIES
6,449
22
6,471
6,471
NET ASSETSI(LL4BILITIES)
6,449
22
6,471
6,471
FuTrfDS
Unrestricted fitnds
Restricted funds
12
6,449
22
6,449
22
TOTAL FUNDS
6,471
6,471
The charitable company is entitled to exemption from audit under Seetion 477 of the Companies Act
2006 for the year ended 30 September 2024.
The member8 have not required the company to obtain au(Jit of its financial Statements for the year
ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge theii responsibilities for
(a)
ensuring that the charitable company Leeps accounting records that comply with Sections 386
and 387 of the Companies Act 2006 and
preparing financial statements which give a true and fair view of the state of affairs of the
charitable company as at the end of each financial year and of its surylus or deficit for each
financial year in accordance with the requirements of Sections 394 and 395 and which othenvise
omply with the requirements of the Companies Act 2006 relating to financial statements, so far
as applicable to the charitable company.
Ibl
The notes forni part o£these financial statements
Page 13
continued...

PHIL4TrrrHROPY IMPACT
BALANCE SHEET - continued
30 SEPTEMBER 2024
These financial statements have been prepared in accordance with the provision8 applicable
charitable companies subject to the small companies regime.
The financial 8tatements were approved by the Board of Trustees and auLhori8ed for issue on
18 March 2025 and were signed on its behalf by:
R Hoare - Trustee
The notes form part of these financi8J statements
Page 14

PHILANTHROPY IMPACT
NOTES TO THE FINANCL4L STATE1v￿￿E*T[s
FOR THE YEAR ENDED 30 SEPTEIVIBER 2024
ACCOUNTING POLICIES
Basis of preparing the financiaI statements
The financial statements of the charitable company, which is a public benefit entity under FRS
102, have been prep￿ed in accordan￿ Truth the Charities SORP (FRS 102} 'Accounting and
Reporting by Charities: Statement of Recommended Practice applicable to charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102) (effective l January 20 19),, Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies
Act 2006. The finaneial statements have been prep￿ed under the historical cost convention.
The trustees consider that there are no material uncertaintie8 about the charity's ability to
continue as a going Concern.
The presentation Currency of the financial statement is Pound Sterling (£}.
Income
All income 18 recognised in the Statement of Financial ActiTritie8 once the charity has entitlement
to the ftmds, it is probable that the income will be received and the amount can be measured
reliably. Funding received in advance to the supported planned activity in future periods is
carried forward as deferred income in the balance sheet and recognised as income when the said
activity takes pla￿.
Expenditure
Liabilities are recognised a8 expenditure as soon as there is a legal or constructive obligation
committing the charity to that expenditure. it is probable that a transfer of economic benefits will
be required in settlement and the amount of the obligation can be measured reliably. Expenditure
is accounted for on an accruals basis and has been classified under headings that aggregate all
cost related to the category. Where costs cannot be directly attributed to particular heading8 they
have been allocated to activities on a basis consistent Truth the use of resources.
Taxation
The charity is exetnpt from corporation t8Jc on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the CI￿lLable objectives at the discretion of
the trustees.
Restricted ftmds can only be used for particular restricted purposes within the objects of the
charity. Restrictions arise when specified by the donor or when ￿ndS are raised for particular
restricted purpose8.
Further exylanation of the nature and puryose of each fLULd is included in the notes to the
financial statements.
Debtors
Debtors include amounts owed to the charity for Lhe provision of services and amounts the
charity has paid in advance for the seNices it wijl receive and measured at Lheir reeoverable
amounts.
Creditors
Creditors recognised where the charity has a present obligation resulting from a past event
that will probably result in the transfer of funds to a thiid party and the amount due to setLle
that obligation can be measured reliably. Creditors are reeognised at their settlement amount
after allowing for any trade discounts due.
Page 15
continued...

PHIIAf+rrHROPY IMPACT
NOTES TO THE FINANCL4L STATEEIIENTS - continued
FOR THE YE4R ENDED 30 SEPTEMBER 2024
DONATIONS AND METrIBERSHIP
2024
2023
Donations and grants
Membership subscriptions
237,036
57,823
248,794
59,821
294,859
308,615
During the year, the a]nount received by the Charity from the Golden Bottle Trust totalled
£165,000 (2023.. £135,000) of which £69,558 (2023: £38,629) was deferred to the following year.
The donations from the Golden Bottle Trust of £35,000 form part of the restricted income
received d￿]ng the year. The deferred income of £69,558 form part of the unrestricted income
during the year.
The charity also received £5,877 (2023: £26,475) from Nvf Transatlantic of which £1,959 (2022:
£19,609) was deferred to the following year. The donations from Npr Transatlantic form part of
the restricted income received during the year.
OTHER TRADING ACTIVITIES
2024
2023
Training, events and publications
13,482
18,330
SUPPORT COSTS
Governance
costs
Management
Finance
Totals
Other resources expended
173,805
609
11,700
186,114
Support costs, included in Lhe above. are as follows:
2024
Other
resources
expended
2023
Total
activitie8
Wages
Office rent, utilities and insurance
Professional fees
Bank charges
Auditor8, remuneration for non audit
work
Sundrie8
Accountancy fees
Boo]tkeeping costs
122,769
1,559
49,477
609
147,035
9,281
47,629
430
1,748
448
3,252
6,252
1,680
300
2,970
5,424
186,114
214,749
Page 16
continued...

PHILANTHROPY IMPACT
NOTES TO THE FINANCIAL STATEMETrQfS - continued
FOR THE YEAR ENDED 30 SEPTEIVLBER 2024
NET INCOIVIEI(EXPENDITURE)
Net incomel(expenditure) is stated after chargingl(crediting):
2024
2023
Independent examiner's fees
1,748
1,680
TRUSTEES, REMUNERATIONATrtD BENEFITS
There were no trustees, remuneration or other benefits for the year ended 30 September 2024 nor
for the year ended 30 September 2023.
Trustees, expenses
There were no trustee8' expenses paid for the Ye￿ ended 30 September 2024 nor for the year
ended 30 September 2023.
STAFF COSTS
The average monthly number ofemployees during the year was a8 follows:
2024
2023
AdmI￿trative
No employees received emoluments in ex￿$8 of £60,000.
COMPARATIWES FOR THE STATEl¥tENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted
fund
fund
Total
funds
INC0Th￿ AF+fD ENDOWIVJENTS FROM
Donations and membersbip
144,433
164,182
308,615
Other trading activities
18,330
18,330
Total
162,763
164, 182
326,945
EXTrENDITURE ON
Raising funds
1,045
184
1,229
Charitable activities
Training, events and publications
61,170
49,409
110.579
Other
100,162
114,587
214,749
Total
162,377
164,180
326,557
NET INCOLI
386
388
Page 17
continued...

PlllLAf+rrHROPY IMPACT
NOTES TO THE FINANCIAL STATEMENTS - eontinued
FOR THE YEAR ENDED 30 SEPTElVtBER 2024
COMPARATIVES FOR THE STATEMENT OF FINANCL4L ACTIVITIES - continued
Unrestricted Restricted
Total
fund
fLmd
funds
RECONCILIATION OF FUNDS
Total funds brought fonvard
6,063
20
6,083
TOTAL FUNDS CARRIED
FORWARD
6,449
22
6,471
TANGIBLE F￿D ASSETS
Office
equipment
COST
At l October 2023 and
30 September 2024
3,889
DEPRECtATION
At l October 2023 and
30 September 2024
3,889
NET BOOK VALUE
At 30 September 2024
At 30 September 2023
10. DEBTOILS: AMOUTrllS FALLING DUE ￿THIN ONE YEAR
2024
2023
Trade debtors
Other debtors and prepayments
17,279
5,170
47,577
4,605
22,449
52,182
Page 18
continued...

PHI￿4￿HROPy IMPACT
NOTES TO THE FINANCIAL STATEL￿Et*[[s - continued
FOR THE YEAR EF(DED 30 SEPTEIVIBER 2024
ii.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade creditors
Social security and other taxes
Other creditors
Deferred income
2,262
2,300
5,448
117,744
4,456
1,951
8,090
102,887
127,754
117,384
12. MOVEIIIENT IN FUNDS
Net
movement
in funds
At
1110123
At
3019124
Unrestricted funds
General ftmd
6,449
6,449
Restricted funds
Restricted fund
22
22
TOTAL FUI44DS
6,471
6.471
Net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
213,762
(213,762)
Restricted funds
Restricted fund
94,579
(94,579)
TOTAL FUNDS
308,341
(308,341)
Page 19
continued...

PHIL4NFHROPY IMPACT
NOTES TO THE FINANCIAL STATEr+￿NTs - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024
12.
MOVELVLENf IN FUNDS - continued
Comparatives for movement in funds
Net
movement
in funds
At
1110122
At
3019123
Unrestricted funds
General fund
6,063
386
6,449
Restricted funds
Restricted fund
20
22
TOTAL FUNDS
6,083
388
6,471
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
162,763
(162,377)
386
Restricted funds
Restricted fund
164. 182
(164, 180)
TOTAL FUNDS
326,945
(326,557)
388
The restricted funds included above comprise the grants and donations set out in the narrative in
note 2. These were received from the Beacon Collaborative to support Specific activities
undertaken by the charity. The amounts recogni8ed as income and expenditure in each year
reflect the project activity. Amounts received but not yet recognised as income were carried
forward as deferred income shown in note 11 above.
13. REL4TED PARTY DISCLOSURES
The Trustees act as such in their personal capacity but are also related, by reason of their
occupation, to certain ￿eMberS of the Charity.
One of the donors of the Charity is The Golden Bottle Trust, set up by C Hoare & Co. The Chair
of Philanthropy Impact, Mr R Hoare 18 a Partner at C Hoare & Co.
Cath Dovey 18 a Board member of Philanthropy Impact and a trustee of Beacon Collaborative.
During the year, the Charity received £38,600 (2022.. £12,600) from IL8 Board of Trustee8 a8
donations.
Included in professional Consultancy fees and professional £ees is an amount of £66,320 (2022:
£67,487) paid by the Charity to Aperio-Group Europe Limited, a company in which the Chief
Executive, IKtr John Pepin is a director.
Page 20
continued...

PHILATrTfHROPY IMPACT
NOTES TO THE FINANCIAL sTATETh￿NTS - continued
FOR THE YEAR ENDED 30 SEPTEIIIBER 2024
14. LIABILITY OF MEJtBERS
The liability of each member is limited to £1.
Page 21

PHILANTHROPY IMPACT
DETAILED STATEMENT OF FINANCL4L ACTIVITIES
FOR THE YEAR ENDED 30 SEPTELIIBER 2024
2024
2023
INCOME AND ENDOWIVIENTS
Donations and membership
Donations and grants
Membership subscriptions
237,036
57,823
248,794
59,821
294,859
308,615
Other trading activities
Training, events and publications
13,482
18,330
Total incoming resources
308,341
326,945
LKPENDITURE
Raising donations and legaeies
Printing, postage and Stationery and
telephone
1,087
1,229
Charitable activities
Conference traveL accommodation and
subsistence
Conference and events Costs
IT and webslte maintenan
Professional consultancy fees
Advert18ing
8,589
9,749
22,048
79,194
1,560
4,762
6,390
89,786
57,631
2,010
121,140
110,579
Support costs
Management
Wage8
O£fL¢e rent, utilities and insurance
Professional fees
122,769
1,559
49,477
147,035
9,281
47,629
173,805
203,945
Finance
Bank charges
609
430
Governance costs
Auditors, remuneration for non audit
work
Sundries
Carried forward
1,748
448
2,196
1,680
300
1,980
This page does not form part of the statutory financial statement8
Page 22

PHILAwfHROPY llVIPACT
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 SEPTEIVLBER 2024
2024
2023
Governance eosts
Brought fonvard
Accountancy fees
Bookkeeping costs
2,196
3,2a2
6,252
1,980
2,970
5,424
11,700
10,374
Total resources expended
308,341
326,557
Net income
388
This page does not form part of the statutory financial statements
Page 23