Financial summary 2014

The summarised financial statements are extracted from the full statutory trustees’ annual report and financial statements which were approved by the trustees and signed on their behalf on 17 July 2014.

IIED's expenditure increased from £7.6 million in 2005/06 to £19.4 million in 2013/14. IIED helps give local savers, such as these in Cochabamba, Bolivia, a global voice (Photo: Shack Dwellers International via Creative Commons 2.0)

Current growth has seen expenditure increase strongly from £16.3m in 2012/13 to £19.4m in the year, an increase of 18 per cent. Payments to collaborating organisations for project work amounted to £7.7m, representing 40 per cent of the overall charitable expenditure, against £5.7m in 2012/13, 35 per cent of overall charitable expenditure.

Unrestricted reserves increased marginally from £2.6m to £2.7m, after a £200,251 reduction in the Building and Capital Fund designated reserve, which tracks the value of leasehold improvements over the remaining lease period on the Gray's Inn Road site. The unrestricted reserves are the equivalent of 14 per cent of expenditure for 2013–14.

IIED's strategy for 2014-19 Engaging for Change is ambitious, anticipating continued growth in our four principal research groups and other areas, and bringing together staff across the organisation to deliver on our four new change initiatives.

To support this, our Business Plan (our thinking on 'how') will be more fully developed. In addition, a number of diagnostic exercises carried out over the past couple of years have reinforced the need for IIED to strengthen its operations. Both of these elements will require the institute to continue its steady growth over the next five years.

Income by donor type 2013/14

(Total £20.3M)

58% Government and government agencies
6%   International and multilateral agencies
36% Foundations and NGOs

Expenditure by group 2013/14

(Total £19.4M)

28% Climate change
18% Human settlements
29% Natural resources
9%   Sustainable markets
4%   Communications and publications
1%   Governance
8%   Partnerships and development
3%   Other

Expenditure by type 2013/14

(Total £19.4M)

47% Programme costs
40% Collaborating entities
13% Support costs

Statement of financial activities (incorporating an income and expenditure account) for the year ended 31st March 2014

 

Unrestricted funds
£

Restricted funds
£

IIED total 2014
£

IIED total 2013
£

Incoming resources

Incoming resources from generated funds

Voluntary Income

652

-

652

-

Investment Income

11,045

3,539

14,584

24,288

Incoming resources from charitable activities

11,697

3,539

15,236

24,288

Commissioned studies
and research

38,656

19,346,233

19,384,889

16,266,353

Other incoming resources

-

310

310

10,342

Total incoming resources

50,353

19,350,082

19,400,435

16,300,983

Resources expended

Charitable activities

Commissioned studies
and research

139,073

19,128,830

19,267,903

16,280,639

Governance costs

116,937

-

116,937

98,945

Total resources expended

256,010

19,128,830

19,384,840

16,379,584

Net income/ (expenditure) for the year before transfers

(205,657)

221,252

15,595

(78,601)

Transfers between funds

221,252

(221,252)

-

-

Net movement in funds

15,595

-

15,595

(78,601)

Funds brought forward at 1st April 2013

2,643,259

-

2,643,259

2,721,860

Funds carried forward at 31st March 2014

2,658,854

-

2,658,854

2,643,259

All amounts relate to continuing operations. There are no other recognised gains and losses other than those shown above.

Donors

Government and Government Agencies    
Agence Francaise de Developpement, France
Australian Agency for International Development
Department for Environment, Food and Rural Affairs, UK
Department for International Development, UK
Department of Energy and Climate Change, UK
Finnish Ministry for Foreign Affairs
Irish Aid, Department of Foreign Affairs
Norwegian Agency for Development Cooperation
Norwegian Embassy, Mozambique
Royal Danish Ministry of Foreign Affairs
Swedish International Development Cooperation Agency

International and Multilateral Agencies
Centre for International Forestry Research
European Commission
International Fund for Agricultural Development
Organisation for Economic Co-Operation Development
UN Development Programme
UN Environment Programme
UNESCO
United Nations Economic Commission for Africa
UN Habitat
UN Food and Agriculture Organization
UN International Strategy for Disaster Risk Reduction
UN Population Fund
World Bank

Foundations and NGOs    
3ie International Initiative for Impact Evaluation
AECOM
The Asahi Glass Foundation
Aidenvironment
Arcus Foundation
Asia Foundation
Asia Pacific Network for Global Change Research
African Wildlife Foundation
Bernstein Family Foundation
Howard G Buffett Foundation
Care International
Climate Change Agriculture Food Security
Climate and Development Knowledge Network
CEDEAO
CGIAR
CICERO
Climate Analytics
Climate and Land Use Alliance
Comic Relief
Cordaid
Danish 92 Group
Ecosystems Service for Poverty Alleviation
Ford Foundation
Germanwatch
Green Park Consultants
Giz
Hivos
International Council on Mining and Minerals
Institute of Development Studies
International Development Research Center
Ecologic Institute
Institute of International Education
International Livestock Research Institute
Internews
International Centre for Environment Management
International Water Management Institute
London School of Hygiene and Tropical Medicine
Mava Foundation
National Environmental Research Council
New Economics Foundation
Norwegian Institute of International Affairs
Overseas Development Institute
Norwegian Institute for Nature Research
Oxfam UK
Oxfam Novib
Plan International
Practical Action
Pyoe Pin
Renewal Energy and Energy Efficiency
Rockefeller Foundation, USA
Save the Children
Slum/Shack Dwellers International
SNV
The Bill & Melinda Gates Foundation
The Christensen Fund
Tanzania Natural Resource Forum
Tufts University
TVE
US Fish and Wildlife Service
University College London
University Of Copenhagen
University Of Edinburgh
University Of York
Vanguard Charitable
Wageningen University
Worldaware
World Resources Institute
WWF