Finance Score: 3

Governance Score: 3

Support Score: 12

Fundraising costs low: +3

Good trustee age range: +3

Grant maker support: +12

Overall GiG Score: 18

INSTITUTE FOR THE FUTURE OF WORK

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.

Analysis by Giving is Great

Positives:

Fundraising costs are unusually low relative to funds raised
A significant proportion of recent income was derived from major grant makers and there are significant future grants due to be received
The Board appears to be well diversified in terms of age

Regulatory & Governance issues to consider:

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

Established: 5 years

www.ifow.org

team@ifow.org

0203 701 7633

Charity Commission for England and Wales

Tweets

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
31/08/22	£821	£660	£161	£2	£300	£236	4.3	8
31/08/21	£350	£290	£60	n/a	n/a	n/a	n/a	n/a
31/08/20	£229	£241	£-12	n/a	n/a	n/a	n/a	n/a

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Financial Ratios

Fundraising Costs/Relevant Income: 0.2%
Fundraising Costs/Total Spending: 0.3%
Highest pay band: Less than £60,000
Liabilities/Assets: 20%
Liabilities/Income: 9%
Unrestricted Funds/Total Funds: 79%
Reserves/Spending: 4.3 months
Net Current Assets/Spending: 5 months
Quick Ratio: 4.1

Asset Split ?

Listed activities

Education/Training
General Charitable Purposes
The Prevention Or Relief Of Poverty

How it operates

Provides advocacy/advice/information
Sponsors or undertakes research

Where it operates

Throughout England And Wales,

Who it helps

The General Public/Mankind

Who works here?

8 employees

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

Nuffield Foundation	£1,833,572
Trust for London	£286,450
Joseph Rowntree Foundation	£230,277
Alex Ferry Foundation	£15,000
Esmee Fairbairn	£12,000

Specific Donations

Amount	When Months	To be used for
Esmee Fairbairn - TASK to Institute for the future of work
£12,000	14/08/2023	TASK fund donation towards core costs
Joseph Rowntree Foundation - Grant to Institute for the Future of Work
£114,640	18/03/2023	Strengthening corporate accountability for algorithmic systems and platforms at work
Trust for London - Institute for the Future of Work
£12,500	29/09/2022	This is a cost of living uplift for grant reference 360G-trustforlondon-MAIN-S2-01.06.2021-9147
Alex Ferry Foundation - A BluePrint for Collective Access
£15,000	27/07/2022	research grant
Trust for London - Institute for the Future of Work
£150,000	13/10/2021 36	This funding is for core support to develop, disseminate and apply work on how algorithmic systems are eroding good or better work for vulnerable, essential workers in London, with a focus on ....more This funding is for core support to develop, disseminate and apply work on how algorithmic systems are eroding good or better work for vulnerable, essential workers in London, with a focus on building practical solutions to prevent or reduce in-work poverty and risk of in-work poverty.
Nuffield Foundation - Grant to Institute for the Future of Work
£1,833,572	26/03/2021 40	Towards Automation technologies: work and welfare through COVID-19
Joseph Rowntree Foundation - Grant to Institute for the Future of Work
£115,637	28/11/2020 24	Strengthening corporate accountability for Artificial Intelligence
Trust for London - Institute for the Future of Work
£23,950	05/10/2020 6	The funding is to undertake research on the relationships between accelerated adoption of workplace technology under COVID19, and its hidden impacts on the dignity of work. It will draw on the lived ....more The funding is to undertake research on the relationships between accelerated adoption of workplace technology under COVID19, and its hidden impacts on the dignity of work. It will draw on the lived experience of key workers and will focus on work-related tech rights, suitable for legal remedy.
Trust for London - Institute for the Future of Work
£100,000	10/10/2019 24	The funding is for the further development and application of IFOW’s social policy innovation model, the delivery of policy projects and pilots, and the dissemination of resulting solutions and ....more The funding is for the further development and application of IFOW’s social policy innovation model, the delivery of policy projects and pilots, and the dissemination of resulting solutions and learnings to make work better and fairer in the retail and transport sectors in London.

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (10)

Current Trustees appointed

Gender Split

Based on 9/10 persons

Age Range of Trustees: 34-75

CHRISTOFOROS ANTONIOU PISSARIDES Appointed: 2018, Occupation: Professor Of Economics

DANIELA BARONE SOARES Appointed: 2020, Occupation: None, Other trusteeship: THE HADDAD FOUNDATION,

DR ANNE-MARIE OSAMWENZE IMAFIDON (Chair) Appointed: 2018, Occupation: Chief Executive

DR SUE BLACK Appointed: 2023, Occupation: Professor Of Computer Science, Other trusteeship: CHARITY PROJECTS,

GRAEME JOHN NUTTALL Appointed: 2018, Occupation: Solicitor

MARTHA ELIZABETH DALTON Appointed: 2020, Occupation: Director, Pr

MOHAMMAD TUFAEL CHOWDHURY Appointed: 2020, Occupation: Partner

NAOMI WENDY CLIMER CBE FRENG Appointed: 2018

PROFESSOR GINA SUE NEFF Appointed: 2023

SANA KHAREGHANI Appointed: 2023, Occupation: Professor

Legal constitution

Charitable company registered in England & Wales on 15/11/2018, number: 1180718
Registered at Companies House on 19/03/2018, number: 11263261

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Conflicting interests
Paying staff
Risk management

Filing Record

3 returns made; all on time

Main office

Field Fisher
Riverbank House
2 Swan Lane
LONDON
EC4R 3TT

Objectives

(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.

Data Sources