THE INSTITUTE FOR WAR AND PEACE REPORTING (IWPR)
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £1,035,471, which is below the charity's stated policy target of between £1 million and £1.25 million. The trustees note that the 2025 budget has been revised to reflect significant negative impacts on funding from government donors, though they maintain a reasonable expectation of continuing operations.
What the accounts disclose
“The Trustees have determined that IWPR UK should maintain unrestricted reserves equivalent to six months’ operating costs or between £1 million and £1.25 million, whichever is the greater.” — page 9
“During the year, IWPR US granted £1,493,383 (2023: £1,252,395) to IWPR UK to cover costs incurred by IWPR UK in the execution of projects signed by IWPR US.” — page 31
“In addition, IWPR US incurred costs of £129,927 (2023: £244,152) in the execution of projects signed by IWPR UK.”
“During the year, IWPR US granted £1,493,383 (2023: £1,252,395) to IWPR UK to cover costs incurred by IWPR UK in the execution of projects signed by IWPR US.” — page 31
“In addition, IWPR US incurred costs of £129,927 (2023: £244,152) in the execution of projects signed by IWPR UK.”
“During the year, IWPR US granted £1,493,383 (2023: £1,252,395) to IWPR UK to cover costs incurred by IWPR UK in the execution of projects signed by IWPR US.” — page 31
“In addition, IWPR US incurred costs of £129,927 (2023: £244,152) in the execution of projects signed by IWPR UK.”
“During the year, IWPR US granted £1,493,383 (2023: £1,252,395) to IWPR UK to cover costs incurred by IWPR UK in the execution of projects signed by IWPR US.” — page 31
“In addition, IWPR US incurred costs of £129,927 (2023: £244,152) in the execution of projects signed by IWPR UK.”
“During the year, IWPR US granted £1,493,383 (2023: £1,252,395) to IWPR UK to cover costs incurred by IWPR UK in the execution of projects signed by IWPR US.” — page 31
“In addition, IWPR US incurred costs of £129,927 (2023: £244,152) in the execution of projects signed by IWPR UK.”
“The charity also operates a for-profit subsidiary, IWPR (UK) Limited, which is a company limited by shares.” — page 4
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- SIR DAVID BELLchair
- Adrienne van Heteren
- Carl William Forbes
- Michael S Immordino
- STEPHEN JUKES
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £6.8m | £6.7m |
| 31/12/2023 | £6.2m | £6.3m |
| 31/12/2022 | £5.3m | £5.3m |
| 31/12/2021 | £4.0m | £4.3m |
| 31/12/2020 | £5.0m | £4.9m |
Common questions
Is THE INSTITUTE FOR WAR AND PEACE REPORTING (IWPR) financially healthy?
The accounts state that unrestricted reserves stood at £1,035,471, which is below the charity's stated policy target of between £1 million and £1.25 million. The trustees note that the 2025 budget has been revised to reflect significant negative impacts on funding from government donors, though they maintain a reasonable expectation of continuing operations. Its FY2024 accounts were audited by HaysMac LLP.