REGISTERED CHARITY NUMBER: 1181003 h T stèes and Unaudlted Flnanclal Statements for the Year Ended 31 December 2024 for Instltute for Sustalnablo Phllanthro
Insliluto for Sustalnable Phllan Contents ol tho Flnan¢lal Statements for the Year Ended 31 Decembor2024 Pagé R•port of tho Truste88 1 to 4 Indapondont Examlngrfs Report Statement of FlnanGlal Actlvltlos Balanco Shoet Cash Flow Statam8nt Notes to the Cash Flow Statement Notes to tha Flnanclal Statemont8 10 10 15 Detallad Stat¢mont of Flnanclal Acllvltles 16 to 17
Instllute for Sustainable Phllanthro Rtr ort of thè Trustees for the Year E 024 Thè trusl¢os Present Ihgir report with the linanclal slalemenls ol th$ ¢harily for the year ended 31 D&¢èmb¢r 2024. Th8 Ifuslees have adopted the provlsions of Accounting and Reportlng by Charities: Slalemenl of Recommended Pracllce applicable lo charities preparing their acrnunls in accordance with the Financial Reporting Standard appllcable In the LIK and Republic of Ireland IFRS 1021 leffeclive 1 January 2019). OBJECTIVES AND ACTIVITIES Tho purposes of thè Inslilule for Suslalnable Phllanlhropy (IFSPI are- To advance educalion for th8 publlc benefit in the techniques and skills of phllanlhropy, enabling charities and olhèr nonprofit bodies lo increase their funding lo furiher their charllable purposes. We do Ihls by: Conducllng research through lh8 lens of phllanlhroplc psychology into philanthropy and fundralslng.. and Providing education, Irainlng and support to enable all stakeholders to ulilis6 Ihe emerging science that we and others generate. The Institute exi818 to grow personally meaningful philanthropy around the World, and il will do so by focuslng on developlng thg science of how pèople love others and lov& Ih8mselves. If th8 experience ol philanlhropy can b8 mad& more meaningful, w8 hypolhesi58 that indivlduals wlll glve moré and giv& for longer. Curienlly, our searCh programs focu8 on Ihe science of idenlily, love and wellbeing. We generale new Iheory which we then lesl in fi6ld oxperimenls with oharilies and other nonprofits around the world. We then publish our findings in academic journals. books, or in our own research report series {which are free to download) so Ihal others may use Ihe ideas. We also disseminate Ihls work globally Ihrough sector conlerences 8nd events. In 2024, we presenled {digitally or face-lo-facol al coriferences based In the UK, USA, Norway, Hungary, Poland, Canada, and Australia. We also offer a range of digital learning packages and Certificale courses which showcase these ideas and leach participants how lo use Ihom. The Inslilule will also m8nlor oharili8sJnonprofil8 who wlsh lo switch lo a communicalions approach based on phllanlhropic psychology The creation of new scienllflc rosaareh and the dissemination ol our findings Is tho coro of the public benefit we provlde. Our Iruslees have been supplied with copies of the guidance issued by Ihe Charity Commission on public benefit. Such guidance is also provlded lo new Iruslees as part of Iheir induction process. The Board lakes its responsibilities in this regard very $81iously and all our aclivilies are consislenl with that guidance. The IFSP'S aclivilies are Tevlewed quarterly by the full board and guided by a "mission sub-commille8" of the fLtII board whose role is lo shap8 Ihg ovolulion of OLtr public ben8fil activities and inlorm our strategic thlnking and p18ns. On8 illusliallon of that process in 2024 was the Inlroducllon of a bursary program for small and mlcro nonprofits. Compllmentary places wlll be crealed In all our edu¢alion programs for Ihose organisalions meeting Ihe sel?¢lion rileria. Page 1
Instltute for Sustalnabl• Phllanlhro Rè ort of the Trus èès for the Year Ended 31 Dg¢embor 2024 ACHIEVEMENT AND PERFORMANCE Our activities group inlo three broad headings 1. Sclentlffic Research and Publications In 2023, we published Ihe Ihlrd edition of our fundraising lexlbook Fundraising.- Princlples and Practice with Wiley. We also sign8d a conlr8cI to produce the fifth edllion of our Roulladgè lexlbook "Fundraising Man8gem8nl'. Analysis. Plannlng and Pr8tt1ice." We expect that lexl lo b8 publishgd earfy in 2Q26. We also publi5hod a 18x1 based on our 81udy ol Uttra-Hlgh-Net-Worth and High-Net-Worth phllanthropy. "Meaningful Philanlhropy.. The Person Behind th8 Giving- was produced by Ihg Bristol Universily Press. Th8 lexl was awarded the 2025 AFP Skyslone Partners Research Prize. A scientific paper based on il has also been submilled lo th8 Academy of Management for in¢lu8ion in Iheir conference and onward publication in an acadFmic ovllel. Addillonally. our paper "An Exploration ol How Construal Level Framing Determines Bequost Glvlng Behaviorf, was published by Ihg Joumal of Phllanlhropy and Marketing in Juna. 2. Educallonal Programmlng In 2024. we had Ihe followlng Impact: 88 individuals enrolled in our entry Ie1 fundfalsing class- th8 Fundraising Standard 120 individuals participated in our Certificala in Philanthropic Psychology or Certlficate in Fundraising Copywriting. 36 people participated in our Certificate in Legacy Fundraising 1.450 peoplo allended our speaking engagements for thlrd parties such as th¢ Assoclalion of Fundraislng Piofesslonals . 43 peopl& partiupaled In our Diploma in Fundraising Managèment programme8 - Our website had 6.900 active users. Some 5,100 of those were new users 110 people allended a programmo we developed for ColoradoGives.org. This promdes in-depth tuloring in the application of philanthropic psycholo9y into fundr8islng communicallons. We also developed an impact study in partnership wilh ColoradoGives.org lo track the impact of our programme. Participants who comple18d Ihe programme Increased Ihe Ilkelihood of reaching their fundraising goal by 150Vfi. We also found this increase sustained into Ihe second year following our inleTvonlion. In 2024. we applled for and wore awarded. European Fundralslng Assoclallon certlficalion for our DipEoma programs. 3. Menloring and Consultancy Support As oullined above, Ihe Inslilule works wilh clients lo help Ihem embed new approaches to donor communication based on our philanthropic psychology principles. In 2024, organisalions served included.. UK= Royal Nallonal Lifeboat Inslilulion IRNLI), RSPCA, Tearfund. P8ncrealic Cancer UK, Ed8wJ Valley Hospice Ir8land: Ir*sh Cancer Soci81y, Trocair8 Canada.. The Brlllsh Columbla Socl6ly for the Prevenlion of Cfuglty lo Animals18C SPCA) USA.. Union Re8cue Mission IURM}. Leprosy Mission Inlernalional, Lifting Up Weslchesler. Italy.. Oxlam Italy Australia.. University of Sydney, Weslem Sydn8y University. Animal Welfare League {AWLI Page 2
Trstitute for Suslalnable Phllanthro ort of the Trustfjes for the Year Ended 31 D8Gember 2024 Many of those partnarshlps allow us lo collgcl experlmenlal data whlch can then ba reported In the m8chanlsms we describe above. As an example, we worked wilh Oxfam Italy lo lesl how gralilude emalls can increase monthly donations as well as addillonal glfts. Our work was also able lo hlghlighl diffeT¢nces beNveen how different types of love can bg experienced and how giving can be doubled over a 40-monlh period by focusing on the right forms of love. AWL condLtcled similar lesling and achieved subslanlive growth in Iheir social media as well as regular fundraising campaigns whon thay fine-luned thè type of love experience they providad their 8UPPOrters. We continu8 Io coach charities through weblnars and In-house training lo maxlmis8 th8 value from their l&arnlng 8nd lurlher penelralo ideas from Philanlhroplc Psychology into their WOTk. FINANCIAL REVIEW Reservas pollcy IFSP Inlends lo hold thrée months of all expendllure plus a further three months staff costs lo allow the organlsalion to adapt lo any ¢hangos in th8 Incom& or expenditure of the organlsallon. The Iruslees esiablished £200,000 as thé targèt for 2024, based on the 2023 financlal report. Thls targ81 lor cash re8eTves was mel fflaking it possibl8 lo conslder addlllonal appoinlmenls in 2025. Currently under consideration is Ihg appointment of a progTamme officer andlor part-lime CEO. Two exisling role5 were made redundant in 2024 to permit the necessary restruolur5ng. The risk profile facing IFSP and resullanl rtsk policy were unchanged In the cal8ndaf year. The biggest risk lo the Inslllule femains the potential loss or in¢apacily of one of Ihe Prolessorial tèam. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The charity is conlfolled by Ils governlng document, a d¢¢d of trust and con51ilul6s an unlncorporaled chartly. The IFSP is a Charitable Incorpoialed Ofganisalion ICIOI adopllng a ¢onslitution as Ils governlng document. The Board of Iruslees administers the charily. The B08rd meels quarterly and there are sub.committees covering governance, mission (public benefil) and financelaudil. The Board also appoinls a Director lo manage the day-lo.day oporalions of the organisalion and currently this rol& is splil bets¥een Prof Adrfan S8rgeanl and Prof Jen Shang. To facililale effecllve operallons. the Dire¢lor{sl have dolegaled authority, wllhln Ihe loims of delegailon approved by Ihè Irusteas, for maller8 including finance, employm8nl. leachlng and research. We Current have 8 trustees aThJ are permilied lo appoint a maximum of 12. Ea¢h Iruslee will normally 8erv8 a term of Ihfee years. We are allempling lo stagger the timeline ol Ihese appolnlmenls lo ensure conlinuily and slabilily. I Crn1 members of the Board are encouraged lo nominate new Ifuslees, and we will occasionally advertise these roles as cir¢umslance8 require. We 8re committed lo achi1n9 grèaler diversily in our governing Board and aro working lowaid that goal. New Iruslees wlll undergo an orfenlallon to brf8f them on Ih8lr legal obligallons under chadty law, the Charity Comn7ission guidance on public benofil, conlenl of our conslilulion, the Board, Ils sub-commillees and ils decisior*Thmaking processes, and Ihe business plan and recent past performance of the charily. Currently any new Iruslees would bg inducted remotely. Page 4
Instituto for ustalnab18 hl thro Re ort Of the Trustees for the Year Ended 31 Decem er2024 REFERENCE AND ADMINISTRATIVE DETAILS Registered Charlty number 1181003 Prlnclpal addrg$S The Philanthropy Centr8 Unil 12 The Business Centro Plymouth Devon PL4 OEG Trust•as Dr M Naylor TnJste8 Dr J Hudson Trustee Dr M Beem Trustee N Harris Trustee Mrs C Slergiou TrLtslee Mrs G Manglik Mrs J Binks D Fois Independont Examlnor Mander Duffill hartered Accounlanls The Old Post Office 41-43 Mark81 Place Chippenham Willshire SN15 3HR Approved by order of the board of Ifuslees on ...a.l.a.ioo£S and $lgned on ils behalf by: Mr M Naylor- TfU8lee Page 4
Inde endent Examlnevs Re ort to the Truslees of Inslltule for Sustainable Phllanlhro Indopèndènt 6xamlneVs report to th& trustees of Institute for Sustalnable Phllanthropy I report lo Ihe ¢harily Injslees on my èxamination of the a¢Gounls of Institute for Suslainable Philanthropy {Ih6 Trust) for th& year ended 31 DeGgmb8r 2024. Responslbllltles and ba$15 of report As the charity Iruslees ol the Trust you are iesponsible for the prepaTalion of Ihe accounts In accoTdance wilh thg requirements of the Charities Acl 20111.lhe Acl'}. I report in respect of my examination of the Tnjsl's accounts carrl&d oul under Section 145 of the Act and In carrying out my examination I have lollowed all applicable Dlreclions given by the Charity Comfflission under Section 145151{b) of Ihe Act. Independgnt examiner's statement Slnce your chaTily's gross income exceeded £250,000 your 8xamin8r mijsl b8 a memb8r of a Ilsled body. l Gan ¢onflrm that l am qualified lo undertake th8 examlnalion bacause l am a mambor of the Assoclatlon ol Charter8d Certilled Accounlanls, which Is one of the Ilsled bodi8s. I have completed my examination. I confirm that no material malleis h8ve come lo my allenllon in conneGlioD wilh the examination giving me cause lo believe that Sn any material respect: accounling recoTds wère not k8Pt in rgspeol of Ihg Trusl a5 r8qulr8d by Seclion 130 of the Act., or the accounts do not accord with those records.. or the accounts do not comply with the applicable Tequiremenls concernlng Ihe form and conl8nl of accounts sol out in the Charities (Accounis and Roportsl Regulations 2008 other than any requiramonl that the accounts give 8 true and fair vlaw whlch is nol a maller consmlered as part of an independonl examinaliL)n. I have no wncerns and have come across no olher mallers in connection wilh th8 examination lo which attention should be drawn in thls report In order to enable a proper underslanrjing of the accounts lo be reached. Andrew Davis FCA Mander Duffill Chartered AccoLtnlants Th8 Old Post Office 41-43 Market Place Chippenham Willshire SN15 3HR Dale: Page 5
Instllute for Sustalnablo Phl anthro Staternènt of Flnanclal Actlvltles for thg Year Ended 31 December 2024 31.12.24 Total funds 31.12.23 Total funds Unr8slri¢led fund Reslricled fund Notes INCOME AND ENDOWMENT8 FROM Donallons and le9acles 3,463 3.463 82,132 Char5table actlvlt168 Sci&nlific research Education and Iraining 38,920 252,497 38,920 252.497 32.052 340,662 Total 294,880 294,880 454,846 EXPENDITURE ON Charitable aotivltl8$ Educallon and Iralnlng 316,758 316,758 320.120 Olher 739.042 139.042 111.161 Total 455.800 455,800 431.281 NET INCOMEI{EXPENDITUREI (160.920) 1160,920) 23.565 RECONCILIATION OF FUNDS Total funds brou9hl forward 486,781 486,781 463,216 TOTAL FUNDS CARRIED FORWARD 325.861 325.861 486,781 The notes fomi part of these finandal slalemenls Page 6
In81Stute for 8ustalnabl8 Phllanthro Balance Shèet 31 Docember 2024 31.12.24 Total lunds 31.12.23 Total lunds UnreslrÉ¢led fund Restflcled fund Notes FIXED ASSETS Tangible assets 177 CURRENT ASSETS Oeblors Cash al bank 3,113 330,134 3,113 330.134 89,321 407.993 333,247 333.247 497,314 CREDITORS Amounls falling due within one year 10 {7.386) {7,386) {10,710) NET CURRENT ASSETS 325,861 325.861 486.604 TOTAL ASSETS LESS CURRENT LIABILITIES 325,861 325,861 486.781 NET ASSETS 325,861 325,861 486,781 FUNDS Unrestricted funds 11 325,861 486,781 TOTAL FUNDS 325,861 486 781 The financial st81emenls wère approved by tho Board of Trustees and authorised for Issue or) ond ware signed on ils behalf by: Mr M Naylor- Tmstee The nole5 form part of these finanGial slalemenls Page 7
In81Stuto for Sustalnable Phllanthro Flow em for th9 Year Ended 31 December 2024 31.12.24 31.12.23 Nol8S Cash flows from operatlng actlvltlès Cash generaled from operalions Interest paid 175,5121 1.310 Nel cash (used inyprovided by operating activities 75.6391 1.310 Cash Ilows from Investlng actlvltles Purchase of langlblo fixed ass818 2,2201 Nel cash (used inyprovide¢J by investing activities 2,2201 Change in ¢a8h and cash equlvalonts In the reporting period Cash and cash 8quSvalont$ at th• beglnnlng of the reportlng perlod (77,8591 1,310 407,993 406,683 Cash and cash gqulvalents at the end of Iho roportlng pgrlod 330,134 407,993 The notes form part of these financial statements Page 8
Institutè for Sustalnable Phllanthro Notes to the Cash Flow Statgmen for th8 Year Endèd 31 Dècember 2024 RECONCILIATION OF NET (EXPENDITUREIIINCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.12.24 31.12.23 Net lexpendSturelllnoom& for tho roportlng porlod {a¥ pgr the Statement of Flnanclal A¢tlvitie8) Adjustments for: Deprecialion charges Interest paid Decreasel{Increasal In debtor8 Decrease In crediioTS (160,920) 23.565 2,397 127 86,208 3.324 1,124 {20.080) Net Cash (used In)Iprovlded by operatlons 75,512} 1,310 ANALYSIS OF CHANGES IN NET FUNDS A11.1.24 Cash flow At31.12.24 Nat cash Cash al bank 407,993 77.8591 330.134 407,993 77.8591 330.134 Total 407,993 77.8591 330.134 The notes form part ol these finandal stalements Page 9
Institutg for 8u$tainabl¢ Philanthro Not•s to tho Flnanclal Statements for tha Year Ended 31 Docembgr 2024 ACCOUNTING POLICIES Basls of preparlng Ihe flnanclal statements The financial slalemenls of the charity, which is a publlc benefit enlily under FRS 102, have been prepared In accordance with Ih8 Charities SORP IFRS 1021 'Accounling and Reporting by Chariligs- Slalemenl of ReGommended Pr8GliGe applicable lo ¢h8ri1ies preparing Ih8ir accounls in a¢[dance with the Financial Reporting Standard applicabl8 in the UK and Republic of Ir8land IFRS 1021 {affecliv8 1 January 20191,. Financial Reporting Slandard 102 'The Financial Reporting Standard applicablg in Ihe UK and Republic of Ireland, and the Charitiés A¢1 2011. The financial statements have been prepared undor the historical oosl ¢J)nv8nlion. Income All income18 recognlsed In the Slalemenl of Financial Aelivllles once th8 ch8rily has entillemenl lo tho funds, It Is probable that tho Income wlll be recelved and the amount oan be mea8ured rellably. Expendlture Liabililles are recognlsed 88 expenditur8 as soon as there is a legal or conslruclive obli9alion commilling Ihè charily lo that expenditure, it is probable that a Ifansfer of economic ben81its will b8 required in 5elllemenl and th8 amount of the obllgallon can be measured r8llably. Expendilura Is accounted for on an accnjals basis and has been classifie(5 under headings that 8ggregale all cosl relaled to the category. Where costs cannot bè directly allributed lo particular headlngs they have been allocaled lo activilles on a basis conslst8nt wilh tho Ltse of resources. Tanglble fixod assatS Deprecialion is provid8d al the following annual ra1¢5 In ordar to write off e8ch asset over ils eslimaled useful Computer equipment 25¥0 on cost Taxatlon The charily is exempl from lax on Ils charitable acllvllles. Fund accountlng Unreslr(Gled fun¢Js can bo us¢d in accordanc8 wilh the charitable objectives 81 the dis¢tion of the Injstees. Reslriclgd funds can only be used lor particular reslricled purposes within the objects of the charity. Reslriclions arfse when speclfiod by the donor or when funds are ralsed lor particular ¥eslrioléd purposes. Furlher 8xplanalion of the nature and purpose of each fund Is Included In th8 noles lo the1Snancial 8lalgmenls. Pension cost5 and other post-retlrement beneflts Th& charity operales a defined conlrlbulion pension scheme. Conlribulions payable lo the chafit¥s pension scheme are charged lo lh8 Slalemenl of Financial Acllvilies in the period lo which they relate. Page 10 continued...
In8lllute for Sustainable Phllanthro Inanclal Statements - contln lor the Year Ended 31 December 2024 gd DONATIONS AND LEGACIES 31.12.24 31.12.23 Gifts l)onalions 3.463 82.133 3,463 INCOME FROM CHARITABLE ACTIVITIES 31.12.24 31.12.23 Activity S¢ionlifi¢ research EducatSon and Iralnlng Sclenllfic research Educalion and training 38.920 252.497 32,052 340.662 291,417 372 714 CHARITABLE ACTIVITIES COSTS Dlrecl Costs Educalion 8nd Irairling 316.758 SUPPORT COSTS Governance costs Financ8 Other Totals Other resources expended 910 134,842 3,290 139.042 TRUSTEES. REMUNERATION AND BENEFITS There were no Iwslees, femunoralion or olhor benefits for Ihg year ended 3108cember 2024 nor for the year ended 31 Oe¢emb8r 2023. Trusteos. oxponsés There were no Irustees, expense8 pald for the year ended 31 December 2024 nor for the year ended 31 December 2023. Page11 conllnued...
nstitu Phllanthro Notes to the Flnanclal Statgment¥ - ¢ontlnuod for tho Year Endèd 310ècember 2024 STAFF COSTS 31.12.24 31.12.23 Wages and 8alarios Social security costs Other pension costs 292,060 27.386 4,054 271.693 25,462 4.136 323,500 301.291 The average monthly nltmber of employe8s during the ye8r wa$ as follow8: 31.12.24 31.12.23 Number of employees During the year two empk)yees reGeived total employee benefils {excluding employer p8nslon costs) of between £90,000 and £100.00012023.. Iwo employees £70,000 lo £80,000)- TANGIBLE FIXED ASSETS Computer equipment COST Al 1 January 2024 Addillon8 4,507 2,220 Al 31 Decemb8r 2024 6,727 DEPRECIATION Al 1 January 2024 Charge lor year 4,330 2.397 Al 31 Decemb8r 2024 6.727 NET BOOK VALUE Al 31 De¢ember2024 Al 31 Decemb9r 2023 177 Page 12 continued...
Inslltute for Sustalnable Phllanthro Notes to tho Flnanclal Statements - contlnued fortho Year Ended 31 Do¢embèr 2024 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Trade debtors 3.113 89.321 10. CREDrroRS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Trade eredlloTS OlhBr Crodllois 4.820 2.566 3,305 7,405 7,386 10,710 The Charity are Iled in lo a Ihreo year conlra¢l wllh Canvas (the educational plalforml. In 2025, they are commilled lo pay £6.080. In 2026, Ih8y 8re commi11gd lo pay £6.365. 11. MOVEMENT IN FUNDS Nel mov8menl in fun(Is At 31.12.24 At1.1.24 Unrestrlcted lunds General fund 486.781 (160,920) 325,861 TOTAL FUNDS 486,781 160,920) 325,861 Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movgmant in funds Unreslrlcted funds General fund 294.880 1455,8001 (160,9201 TOTAL FUNDS 294,880 455,8001 160,9201 Page 13 conlinued..
Instllute for 8ustalnable Philanthro Noles to the Financlal Statemonls - ¢ontlnuod fortho Yèar Ended 31 Decembor202 11. MOVEMENT IN FUNDS-¢onllnugd Comparatlvtss for movomont In funds Not movement in lunds Al 31.12.23 Atq.123 Unrastrict8d funds General fund 429.540 57,241 486.781 Rgslrlctgd funds Reslricled Fund 33.676 (33,676) TOTAL FUNDS 463.216 23.565 486,781 Comparative nel movement in funds, Included In the above are as lollows: Incomlng resources Resources expendgd Mov8ment in funds Unro¥tricted funds Genfjral fund 454,846 {397,605) 57,241 Restrlcted funds Reslficled Fund (33,676) {33,676) TOTAL FUNDS 454,846 431,2811 23,565 A current year 12 months and prior year 12 months combined position Is as follows: Nel movèment in funds At 31.12.24 A11.1.23 Unre¥lrlcted funds General fund 429,540 (103.6791 325,861 Restrl¢ted funds Reslricled Fund 33,876 (33.6761 TOTAL FUNDS 463,216 137.3551 325.861 Page 14 conllnued...
Inslltute for Sustalnable Philanthro Notes to th& Flnanclal Slat•ments - conlinuèd for thè Yèar Ended 31 D8cember 2024 11. MOVEMENT IN FUNDS-contlnu6d A cuffenl year 12 months and pri¢N year 12 month8 combln8d net movement In funds, Included in Ihe above are as follows.. Incomin9 resources Resources expended Movement in funds Unrestrlcted funds General fund 749,726 {853,4051 {103,6791 Rgstrlctgd funds Reslrlcled Fund {33.676} (33,676) TOTAL FUNDS 749 726 887,081) 137.355) 12. RELATED PARTY DISCLOSURES There were no relatod party transactions for the ygar endad 31 December 2024. P8g8 15
Ingtstute for Sustalnable Phllanthro Dotalled Slalement of Flnanclal Actlvltles for thè Yèar Endèd 31 Dèeèmbèr 2024 31.12.24 31.12.23 INCOME AND ENDOWMENTS Donatlons and legacle8 Gifts Donations {11 82.133 3.463 3,463 82.132 Charitable aotlvitles Education and IraiTrlng Scientific research 252,497 38,920 340,662 32,052 291,417 372.714 Total In¢omlng r¢sourc4s 294,880 454.846 EXPENDITURE Charitable activltlgs Wages Social security Pensions Advertlsing Travelling Compuler expenses Consulllng fees Service fee Training projects Interest on lax pald late 193,898 15.095 4,054 5,025 40,976 2,096 39.758 15.729 194.350 16,147 4,136 936 44,488 2.123 28,662 25,690 2,464 127 316.758 318,996 Support costs Flnancè Bank chargos 910 622 Other Wages Social security Insuranc6 Light and heal Postage and stationery Sundri8s Rent Computer equlpm8nl 98,162 12,291 670 304 1.849 12,979 6.190 2.397 77,252 9.406 592 418 1,236 13,183 6,292 1,124 134,842 109,503 This page does not form parl of the stalulory fin8nci818lalemenls Page 16
In¥tllut8 for Sustainable Philanthro D6talled Sfalèmènt of Financlal Actlvltles 24 31.12.24 31.12.23 Other Govèrnance cost$ Accountancy and legal fegs Accountancy fees 950 2,340 2.160 3,290 Total resoL¥rces 8xp8nded 455,800 437 281 Net (¥xp•ndlture)Ilncome 160,9201 23,565 This page does not form part of the slalulory firianci81 statements Page 17