REGISTERED CHARITY NUMBER: 1181003 naudlt Flnanclal Stat JL for the Year Ended r 2020 Instituto for Sustal hro Mander Duffill Chartered Accountants The Old Post Office 4143 Market Plxe Chippenham Willshire SN15 3HR Institute for Sustalnable Phllanthro Contents of the FiTrancl81 Statements for the Year Ended 31 December 2020 Pagg R•port of the Tru8to08 Indep8nd¢nt Examlnerfs Roport Slatsm•nt ol Flnanclal Actlvttl Bal•n¢o Sheet Noto8 to the Flnanclal Stal•m8nts 7 to 10 Detalled Statemont of Flnanclal Actlvttles 11 to 12 Institute for Sustainable Phllanthro ort of the Trustees for the Year Ended 31 D mber 2020 The trustees present trteir report with the finanaal statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 2019}. OBJECTIVES AND ACTIVITIES Oblectlves and alms The objects of the charity a￿.. To advance education for the public benefit in the te¢hniques and skills of philanthropy enabling charities and charitable bodies lo increase their fundraising to further their charitable purposes by-. Research into philanthropy and fundraising.. and Providing education. training and support In 2020 we provided a range of online18aming classes for fundraisers around the world. We have also worked with the fundraising professional bodies in the UK, Ireland and Norway, asslsllng them to enhance their own educational provision. We also conducted Scienlilic research projects in the domain of philanthropi¢ psychology. Our acad&mlc focus was on the science of identity, wellbeing and love. In pursuing our objects the trustees have had regard to the guidan￿ issues by the Charity Commission on public benefit. All of the activities we have conducted are designed to benefit donors, philanlhropisls, fundraisers and the wider UK and global society. Al of our xtivities offer public beneflt as defined in the guidance. **Institute for Sustainable Philanthropy** ## **Report of the Trustees** ## **for the Year Ended 31 December 2020** ## **ACHIEVEMENT AND PERFORMANCE** ## **Charitable activities** In 2020 the Institute developed two new online classes in Philanthropic Psychology: a Certificate in Philanthropic Psychology and a Certificate in Fundraising Copywriting. Approximately, 120 students have now graduated from these programmes with delegates reporting uplifts in giving as a consequence of the implementation of this learning. Specifically, participants have reported increases of 30-100% in giving in their subsequent campaigns. Our partnership with the Fundraising Standard continued in 2020 with fourteen cohorts being offered, resulting in a total of over 400 students completing our introduction to fundraising class. There are plans in 2021 to create a new Bequest Standard to be targeted at fundraisers in small and medium sized nonprofits across the United States. We also continued our partnership with fundraising associations in Europe, assisting Charities Institute Ireland (CII) to deliver their Diploma in Fundraising Management. The class was delivered face-to-face in early 2020 and then switched to our digital learning environment as the pandemic hit. At the end of 2020 we were also approached by India Leaders for Social Sector (ILSS) for help in developing India's first educational programme in the domain of fundraising. We advised on the syllabus and taught two components of the class on behalf of ILSS. The team also offered webinars in Philanthropic Psychology, Faith and Philanthropy, Donor Retention and Loyalty and Interpreting Fundraising Research. These are all priced at around £100 and many delegates go on to attend one or more of our formal educational programmes. We also supported a range of third party fundraising conferences and events, including the CASE Europe, CASE USA, Blackbaud Europe and Turnkey/Nonprofit Pro Conferences. We participate in such events to promote the dissemination of our scientific research to the professional community. We estimate that in 2020, around 1500 practitioners were exposed to our work through these events. The Institute has worked directly with a range of nonprofit clients in 2020, including Greenpeace (Spain), Marie Curie, Children's Hospices Across Scotland (CHAS) and the USA for UNHCR. Our goal in working with these nonprofits has been to apply our emerging science to the enhancement of the donor experience and growing giving. We only work with nonprofits who will allow us to share the learning we generate with the sector a whole and thus expand the body of knowledge available to all. We have also worked with the leading digital communications agency (NextAfter) to conduct new research in the domain of communal relationships and the development of the human capacity to love others. 2020 also saw the completion of the fourth edition of our textbook, Fundraising Management, published by Routledge in the UK. It is now jointly authored with Jayne George the Director of Fundraising, Marketing and Media at the RNLI. The research team were also successful in achieving the publication of the first of our academic outputs in the top ranked marketing journal, the Journal of Marketing Research. ## **FINANCIAL REVIEW** ## **Reserves policy** IFSP intends to hold three months of all expenditure plus a further three months staff costs to allow the organization to adapt to any changes in the income or expenditure of the organization. The trustees established £105,000 as the target for 2020, based on the 2019 financial report. As the organization is in the early stages of development, the trustees have worked with the directors to effectively manage the organizations finances, striking a balance between using money for its charitable purpose and at the same time strengthening the reserve balance to reach the target amount. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The Institute for Sustainable Philanthropy is constituted as a CIO and our governing document is a constitution. At the end of 2020 we had seven trustees. New trustees are subject to election by the full Board. Page 2 Institute for Sustainable Phllanthro Re ort of the Trustees for the Year Ended 31 December 2020 REFERENCE AND ADMINISTRATIVE DETAILS R¢glstered Charlty number 1181003 Prlnclpal address The Philanthropy Centr8 Unil 12 The Business Centre Plymouth Devon PL4 OEG Trustees Nigel Harris Trustee Mrs S Joy8ux Trustee Dr M Naylor Trustee Dr J Hudson Trustee Dr M Beem Trustee J Love Trustee C Longfield Trusteè Ind•pendent Examlner Mander Duffill Chartered Accountants The Old Post Office 41-43 Market Place Chippenham Will$hire SN15 3HR Approved by order of the board of Iruslees on ....1.3...5.o.oMTr4J. jviand Signed on its behalf by.. Dr M Beem - Trustee Inde endent Examinefs Re rt to the Tnrstees of Institute for Sustalnable Philanthro Indgpend8nt examineV$ report to the truslees of Institute for Sustslnable Phllanthropy I report lo the charity trustees on my examination of the accounts of Institute for Sustainable Philanthropy (the Trust) for the year ended 31 December 2020. Responslbllltles and basls of report As the charity Iruslees of the Trust you are responsib￿ for the preparation of the accounts in accordance with the requirements of the Chalrties Act 2011 1.the ACV). I report in respect of my examination of the Trusfs a¢¢ounts Carried out under section 145 of the Act and in carrying out my examination I have followed all applicable DireclKJns given by the Charity Commission under section 14515llb} of the Act. Independent examiner's statement Since your charity's gross income exceeded £250.000 your examineT must be a member of a lisled body. I can confirm that l am qualified lo undertake the examination because l am a regi$lered member of ACCA which is one of the listed bodies. I have Completed my examination. I confirm that no material mallers have come to my attention In ¢onne¢tlon with the examination giving me cause lo believe thal in any material respect.. accounting records were not kept in respect of the Trust as Tequired by section 130 of the Act., or the accounts do not accord with those records,. or the accounts do not comply with the applicable requirements concerning the fom and Content of accounts sel out in the Charities {A¢¢ounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concèrns and have come across no other matters in connection with the examination to which allenlion should be drawn in this report in order to enabl8 a proper understsnding of the accounts lo be reached. Andy Davis FCA Mander Duffill ICAEW Chartered Accountants The Old Post Office 41-43 Market Place Chippenham Willshire SN15 3HR Date.. Institute for Sustalnable Philanthro statemen of Flnancial Activities for the Year Ended 31 December 202 Period 6.12.18 to 31.12.19 Total funds Year Ended 31.12.20 Unrestricted fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 38,899 25,392 Charltable actlvltlo8 Scientific research Education and training 139.127 243,377 20.207 14.872 Total 421,403 60,471 EXPENDITURE ON Charltablo actlvltles Scientifi¢ research Education and training 161.210 38.350 15,997 16,381 Other Total 283,597 35.258 NET INCOME 137,8C 25,213 RECONCILIATION OF FUNDS Total fund8 brought lo￿ard 25,213 TOTAL FUNDS CARRIED FORWARD 163 019 fom art of the* financial statements Institute for Sustalnable Phllanthro Balance Shoet 31.12.20 Unrestricted fund 31.12.19 Total fund$ Notes FIXED ASSETS Tangible assets 2.853 CURRENT ASSETS Debtors Cash at bank 60.680 109 942 170,622 25.213 CREDITORS Amunts falling due within on8 year (10,456) NET CURRENT ASSETS 160 166 TOTAL ASSETS LESS CURRENT LIABILITIES 163,019 25,213 NET ASSETS 163 019 FUNDS Unreslri¢led funds 163019 TOTAL FUNDS 163019 flnan ial sl lements were approved by the Board of Trustees and authorised for issue on . and We￿ signed on ils behalf by: M Beem- Trustee The notes fomi part of these financial statements Institute for Sustainable Philanthro Notes to the Financial Statements for the Year Ended 31 December 2020 ACCOUNTING POLICIES Basls of preparlng the financial stalèments The financial statements of the charity. which is a public benefil entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 102) 'A¢¢ounling and Repotting by Charities.. statement of Re¢ommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 2019}'. Financial Reporbng Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost ¢onvenlion. Incom8 All income ts recognised in the Statement of Financial Activities once the charlty has entitlement lo the funds. il is probable that the income will be received and the amount can b8 measured reliably. expendlturn Liabilities are recognised as 8xpendilure as soon as the￿ is a legal or conslruclive obligation commilling the charity lo that expenditure, il is probable that a transfer of economic benefits will be required in selllement and the amount of the obligation can be measured reliably. Expendilure is accounted for on an accruals basis and has been Classified under headings that aggregate all cost felaled lo the category. Where costs cannot be directly attn'buted lo particular headings they have been allocated to acts'vities on a basis consislenl with the use of resources. Tonglbl8 flxed asset8 Depreciation is provided at the following annual rates in order to write off each asset over its estimated U5efvl life. Computer equipment 25% on cost Taxatlon The chanty is exempt from tax on its charitable activities. Fund accountlng Unfestri¢ted funds can be used in accordance wilh the charilabb objectives al the discretlon of the Iruslees. Restricted funds can only be used for partthlar restricted purposes wtthin the objects of the charity. Restriction$ arise when specified by the donor or when funds a￿ raised for particular restricted purpose$. Further explanabon of the nature and purpose of each fund is irKluded in the notes lo the financial statements. Ponslon costs and other post-retirgrngnt benefS18 The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Stalerrent of Financial Activities in the period to which they relate. Institute for Sustainable Philanthro Notes to the Financial Statements - continued for the Year En ed 31 December 2020 TRUSTEES, REMUNERATION AND BENEFITS There were no tnJstees' remuneration or other benefits for the year ended 31 December 2020 nor for the period ended 31 Oecemb8r 2019. TTUStee8' expenses There were no Iruslees. expenses paid for the year ended 31 December 2020 nor for the period ended 31 December 2019. STAFF COSTS The average monthly numbor of emph)yees during the year was as follows.. Period 6.12.18 Year Ended 31.12.20 31.12.19 Number of employees No employees received emoluffenls in excess of £60,IXIO. TANGIBLE FIXED ASSETS Computer equipment COST Additions DEPRECIATION Charge for year 952 NET BOOK VALUE Al 31 December 2020 Al 31 December 2019 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.20 31.12.19 Trade debtors Prepayments 56.135 4.545 Institute for Sustainable Philanthro Notes to the Financial Statements - continued for the Year Ended 31 Decembgr 2 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.20 31.12.19 Trade ¢redilors Other creditors 1,212 MOVEMENT IN FUNDS Net movement in fvnds At 31.12.20 A11.1.20 Unrgstrl¢t¢d fund8 General fund 25.213 137,806 163.019 TOTAL FUNDS 163 019 Net movement In funds. included in the above are as follows: Incoming resources Resources expended Movement in funds Unre8trlctod funds General fund 421,403 (283,5971 137,806 TOTAL FUNDS 421403 283 5971 137 806 Comparatlves for movement In funds Net movement in fvnds Al 31.12.19 Unre8trlcted funds General fund 25,213 25.213 TOTAL FUNDS Comparative net movemenl in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fvnd 60,471 135.258) 25.213 TOTAL FUNDS 60.471 35 2581 Institutè for Sustalnable Philanthro Notes to the Flnancial Statements - continued for the Year End 1 December 2020 RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 December 2020. Institute for Sustalnable Philanthro Detailed Statement of Financi l Actlvities for the Year Ended 31 December 202 Period 6.12.18 lo 31.12.19 Year Ended 31.12.20 INCOME ANO ENDOWMENTS Donatlons and loga¢le8 Donations Grants received 24.198 25,392 38,899 25.392 Ch•rltable actSvltle8 Education and training Scientific research 243,377 139 127 14,872 382 504 Total Incomlng re$ource8 421.403 60,471 EXPENDITURE Charltable a¢tlvllle8 Wages Social securlty Pensions Advertislng Travelling Computer expen8es Consulting fees Service fee Training proje¢ls 131.169 11,065 2,765 1,204 2,272 6,743 21,022 7,478 30,651 1,727 209,960 32.378 Support costs Flnance Bank charges 175 other Wages Socia1 security Pensions Insurance Light and heal Telephone Postage and stationery Sundries Rent Carried fo￿ard 51,885 3,628 200 614 93 154 1,630 1.967 7.281 67.452 271 2,609 2,880 rt of the statuto financial statements Instltute for Sustainable Philanthro Dgtalled Statement of Financlal Activities for the Year Ended 31 December 2020 Period 6.12.18 Year Ended 31.12.20 31.12.19 Other Brought forward Computer equipment 67,452 952 2.880 68.404 2,880 Gov•rnance c08ts Accovntancy fees Professional fees 2,976 Total resources expended 283 597 Not Incomo atuto financial statements