INSTITUTE FOR THE FUTURE OF WORK

Charity Number: 1180718
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

The Institute for the Future of Work is an independent charity with a mission to shape a future in which work is better and fairer. We seek out the most pressing challenges - and seize opportunities - to (i) advance education into changes to the world of work and (ii) prevent and relieve in-work poverty through the Fourth Industrial Revolution.

Income and expenditure

Data for financial year ending 31 August 2023

Total income:
£880,061

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Donations and legacies £846.69k
Charitable activities £0
Other trading activities £0
Investments £0
Other £33.37k

Total expenditure:
£929,711

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Raising funds £600
Charitable activities £929.11k
Other £0

£0 investments gains (losses)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

Text alternative for this canvas graphic is in the data table below.
Raising funds and other expenditure £600
Charitable expenditure £929.11k

People

7 Employee(s)

9 Trustee(s)

Employees with total benefits over £60,000

No employees have total benefits over £60k for this charity

Fundraising

No information available

Trading

This charity does not have any trading subsidiaries.

Trustee payments

One or more trustees receive payments or benefits from the charity for providing services to the charity.

What, who, how, where

What the charity does:
  • General Charitable Purposes
  • Education/training
  • The Prevention Or Relief Of Poverty
Who the charity helps:
  • The General Public/mankind
How the charity helps:
  • Provides Advocacy/advice/information
  • Sponsors Or Undertakes Research
Where the charity operates:
  • Throughout England And Wales

Governance

Registration history:
  • 15 November 2018: Standard registration
Organisation type:
Charitable company
Other names:
  • THE FUTURE OF WORK (Previous name)
Company number:
11263261 Open in new window
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Campaigns and political activity policy and procedures
  • Complaints policy and procedures
  • Conflicting interests
  • Engaging external speakers at charity events policy and procedures
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Paying staff
  • Risk management
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
Land and property:
This charity does not own and/or lease land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

9 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Dr ANNE-MARIE OSAMWENZE IMAFIDON Chair 19 March 2018
None on record
Sana Khareghani Trustee 14 December 2023
None on record
Professor Gina Sue Neff Trustee 14 December 2023
None on record
Dr SUE BLACK Trustee 14 December 2023
CHARITY PROJECTS
Received: On time
DANIELA BARONE SOARES Trustee 14 October 2020
THE HADDAD FOUNDATION
Received: On time
Martha Elizabeth Dalton Trustee 16 March 2020
None on record
CHRISTOFOROS ANTONIOU PISSARIDES Trustee 19 March 2018
None on record
GRAEME JOHN NUTTALL Trustee 18 March 2018
None on record
Naomi Wendy Climer CBE FREng Trustee 18 March 2018
None on record

Financial history

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Financial period end date

Income / Expenditure 31/08/2020 31/08/2021 31/08/2022 31/08/2023
Total gross income £228.83k £350.35k £820.58k £880.06k
Total expenditure £240.83k £290.46k £659.70k £929.71k
Income from government contracts N/A N/A N/A N/A
Income from government grants N/A N/A N/A N/A
Income - Donations and legacies N/A N/A £813.08k £846.69k
Income - Other trading activities N/A N/A £0 £0
Income - Charitable activities N/A N/A £0 £0
Income - Endowments N/A N/A £0 £0
Income - Investment N/A N/A £0 £0
Income - Other N/A N/A £7.50k £33.37k
Income - Legacies N/A N/A £0 £0
Expenditure - Charitable activities N/A N/A £657.75k £929.11k
Expenditure - Raising funds N/A N/A £1.95k £600
Expenditure - Governance N/A N/A £2.04k £3.84k
Expenditure - Grants institution N/A N/A £0 £0
Expenditure - Investment management N/A N/A £0 £0
Expenditure - Other N/A N/A £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/08/2020 31/08/2021 31/08/2022 31/08/2023
Own use assets N/A N/A £5.26k £5.11k
Long-term investments N/A N/A £0 £0
Other assets N/A N/A £368.55k £383.10k
Defined benefit pension scheme asset or liability N/A N/A £0 £0
Total liabilities N/A N/A £73.89k £137.94k

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 August 2023 28 June 2024 On Time
Accounts and TAR 31 August 2023 28 June 2024 On Time Download Open in new window
Annual return 31 August 2022 18 June 2023 On Time
Accounts and TAR 31 August 2022 18 June 2023 On Time Download Open in new window
Annual return 31 August 2021 18 June 2022 On Time
Accounts and TAR 31 August 2021 18 June 2022 On Time Download Open in new window
Annual return 31 August 2020 25 June 2021 On Time
Accounts and TAR 31 August 2020 25 June 2021 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES INCORPORATED 19 MAR 2018 AS AMENDED BY CERTIFICATE OF INCORPORATION ON CHANGE OF NAME DATED 30 MAY 2018

Charitable objects

(A) PROMOTE THE EDUCATION OF THE PUBLIC INTO CHANGES TO THE WORLD OF WORK WITH PARTICULAR BUT NOT EXCLUSIVE REGARD TO THE IMPACT OF TECHNOLOGY ON WORK AND SOCIETY; (B) PREVENT OR RELIEVE POVERTY IN THE CONTEXT OF THE IMPACT OF TECHNOLOGY ON WORK AND SOCIETY WITH PARTICULAR BUT NOT EXCLUSIVE REGARD TO THOSE IN NEED BY REASON OF YOUTH, AGE, ILL-HEALTH, DISABILITY, FINANCIAL HARDSHIP OR OTHER DISADVANTAGE; AND (C) ADVANCE ANY SUCH OTHER CHARITABLE PURPOSES AS THE TRUSTEES IN THEIR ABSOLUTE DISCRETION DETERMINE BY, IN PARTICULAR BUT NOT EXCLUSIVELY, (I) RESEARCH AND POLICY DEVELOPMENT; (II) THE DEVELOPMENT AND TESTING OF NEW AND IMPROVED WAYS OF WORKING AND SUPPORT FOR WORK; (III) RECOMMENDATIONS ON IMPROVING ALL ASPECTS OF WORK; AND (III) ADVOCACY.

Contact information

Address:
Field Fisher
Riverbank House
2 Swan Lane
LONDON
EC4R 3TT
Phone:
0203 701 7633
Email:
team@ifow.org
Website:

www.ifow.org Open in new window