Overall GiG Score: 12 ?
Finance Score: -9
Governance Score: 9
Support Score: 12
  • Spending declining: -1
  • Multiple Deficits and declines: -5
  • Fundraising costs high: -3
  • Good trustee age range: +3
  • Dynamic board: +3
  • Gender balanced board: +3
  • Grant maker support: +12

INSTITUTE OF IMAGINATION 

The Institute of Imagination works to advance the education for the public benefit in the subject of the arts, sciences and digital technologies by offering learning programmes to young people across the UK and internationally
Analysis by Giving is Great

Positives:

  • A significant proportion of recent income was derived from major grant makers
  • The Board appears to be well diversified in terms of age and gender and dynamic in terms of composition

Financial issues to consider:

  • Spending is declining
  • Income has been volatile and on several occasions in recent years less than spending
  • Fundraising costs are extremely high relative to funds raised
Established: 19 years

www.ioi.london

hello@ioi.london

02079499153

Charity Commission for England and WalesCompanies House
UN SDGs
?

Financial Data ?

Income & Spending ?
Sources of Income ?
Y/E Income
£k
Spending
£k
Surplus/
Deficit
Fundraising
Cost £k
Total
Funds £k
Unrestricted
Funds £k
Mths
Rsrvs
Staff Volun-
teers
31/12/22£826£874£-47£207£440£3104.31212
31/12/21£1,511£927£585£151£487£4355.61125
31/12/20£742£888£-147£189£262£2052.8915
31/12/19£632£1,308£-676£362£409£3733.41340
31/12/18£1,640£1,342£297£341£1,085£9698.71290
31/12/17£642£1,314£-672£493£788£6996.4100
31/12/16£362£990£-628£0£0£0n/a00
31/12/15£837£1,066£-229£447£2,068£2,05623.170
31/12/14£1,349£761£588£232£2,289£2,20834.850
31/12/13£1,089£696£393£169£1,700£1,70029.340
31/12/12*£1,146£538£608£155£1,307£1,30729.230
31/12/11£8£407£-399£0£0£0n/a00
31/12/10*£1,318£255£1,064£0£1,099£1,09951.810
31/12/09*£1,469£1,463£6£0£35£350.300
31/12/08?£1£12£-10£0£0£0n/a00
31/10/07£33£34£-1£0£0£0n/a00
31/10/06£77£63£14£0£0£0n/a00
31/10/05£37£11£26£0£0£0n/a00

Financial Ratios
Fundraising Costs/Relevant Income: 33.6%
Fundraising Costs/Total Spending: 23.7%
Senior Staff Costs/Total Spending: 22%
Highest pay band: £90,000-£100,000
Liabilities/Assets: 28%
Liabilities/Income: 21%
Unrestricted Funds/Total Funds: 70%
Reserves/Spending: 4.3 months
Net Current Assets/Spending: 6 months
Quick Ratio: 3.4
Asset Split ?
What it does
  • Arts/Culture/Heritage/Science
  • Education/Training
Who works here?
  • 12 employees
  • 12 volunteers
Who it helps
  • Children/Young People
  • The General Public/Mankind
How it operates
  • Other charitable activities
  • Provides buildings/facilities/open space
  • Sponsors or undertakes research
Where it operates
  • Throughout London,

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Major supporters in last 5 years
Paul Hamlyn Foundation£1,000,000
Greater London Authority£149,946
City Bridge Trust£91,664
The Childhood Trust£54,205
Tedworth Charitable Trust£35,000
Walcot Foundation£30,000
CHK Foundation£10,000
Specific Donations
Amount When
Months
To be used for
Tedworth Charitable Trust - Core costs
£30,000 29/08/2023
Core costs
Walcot Foundation - Lambeth Digital Heroes
£30,000 16/11/2022
The Institute of Imagination (ioi) aims to 'empower marginalised children to use their imagination to have a positive impact on their world' by designing and delivering creative learning ....more
The Childhood Trust - C-59079
£25,000 28/06/2022
Our goal is to improve mental health and spark joy through creativity for refugee children and families across London. The iOi Imagination Box is bursting with activities and materials, putting our ....more
City Bridge Trust - Grant to Institute of Imagination
£46,649 13/08/2020
towards the costs outlined in your application for the 'iOi at home' project to ensure digital programmes are fully inclusive
The Childhood Trust - Mega Maker Lab: Newham Access Programme
£29,205 03/07/2020
Covid-19 has magnified the vulnerability of children and young people living in poverty. The Institute of Imagination is fundraising for a new digital initiative providing creative programs, ....more
Tedworth Charitable Trust - Towards a new digital programme in Newham
£5,000 23/06/2020
Towards a new digital programme in Newham
CHK Foundation - CHK Discretionary Grant
£10,000 19/06/2020
unrestricted, to further the Charitable Objects
City Bridge Trust - Grant to Institute of Imagination
£45,015 11/06/2020
£45,015 to fund the essential and urgent costs outlined in the application, in order to carry on providing support to Londoners.
Paul Hamlyn Foundation - Major Gifts Fund
£750,000 21/01/2020
Institute of Imagination is a charity creating space for young people to re-imagine the world, and to encourage creative learning. Their goal is to spark imaginations everywhere and encourage ....more
Greater London Authority - Institute of Imagination
£149,946 01/01/2020
Positive activities for young people involved in crime or at risk of crime or exclusion
Paul Hamlyn Foundation - Major Gifts Fund
£250,000 14/05/2019
11
To support inclusive creative learning programmes across the organisation to help young people to re-imagine the world.
Walcot Foundation - Lambeth Sparks
£71,384 17/07/2018
36
Lambeth Sparks
The Childhood Trust - Imagination Matters: Skills for the Future
£8,750 05/12/2017
Since we opened our semi-permanent space - the Imagination Lab - in February 2017 we have welcomed thousands of children who have reimagined the world. We want 2018 to be our biggest and best year ....more
The Childhood Trust - A month of innovation at the new Imagination Lab
£5,000 02/12/2016
The Imagination Lab will be a space for thousands of children to reimagine their world. It will support and nurture children in developing the creative and imaginative skills they need for the ....more
The Segelman Trust - Grant to the Institute of Imagination
£40,000 01/03/2016
24
For mobile Imagination Pods, built to engage children, regardless of age or ability, in constructive child-led play
Show more rows

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (9)
Current Trustees appointed
Gender Split
Based on 8/9 persons

Age Range of Trustees: 45-76
Legal constitution
  • Charitable company registered in England & Wales on 29/04/2005, number: 1109276
  • Registered at Companies House on 06/10/2003, number: 04921852
Gift Aid
  • Registered with HMRC for Gift Aid
Policies in force
  • Complaints handling
  • Conflicting interests
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding vulnerable beneficiaries
  • Volunteer management
Filing Record
18 returns made; AR12: 145 days late, AR10: 15 days late, AR09: 9 days late,
Main office

School 360
5 Sugar House Lane
LONDON
E15 2QS

Objectives

TO ADVANCE THE EDUCATION OF CHILDREN AND YOUNG PERSONS BY THE PROVISION AND CONDUCT OF A CHILD-CENTRED MUSEUM DESIGNED AND ADAPTED TO STIMULATE CURIOSITY AND MOTIVATE LEARNING.

Defined Area of Benefit:

NATIONAL

Data Sources

Charity Commission for England and Wales
360 Giving
CharityBase
Authorised officials of this charity can add information to this page (including a Donate Now button) for no cost

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