FINANCE INNOVATION LAB
THE FINANCE INNOVATION LAB WORKS FOR A FINANCIAL SYSTEM THAT SERVES PEOPLE AND PLANET - ONE THAT IS DEMOCRATIC, RESPONSIBLE AND FAIR. WE DO THIS BY FINDING, CONNECTING AND BUILDING THE IMPACT OF INNOVATORS, CAMPAIGNERS AND INTRAPRENEURS (PROFESSIONALS SEEKING TO TRANSFORM THEIR ORGANISATIONS).
Objects
THE PROMOTION OF ETHICAL PRINCIPLES IN FINANCIAL SYSTEMS FOR THE PUBLIC BENEFIT (INCLUDING BUT NOT LIMITED TO) BY:1. ADVANCING EDUCATION AND PROMOTING RESEARCH INTO THE UK AND INTERNATIONAL FINANCIAL SYSTEMS AND THEIR CONSTITUENT ELEMENTS INCLUDING IN PARTICULAR, AREAS OF CHANGE AND INNOVATION WITHIN THOSE SYSTEMS, EMERGENT TRENDS, NEW FINANCIAL BUSINESS MODELS AND IMPACTS OF INVESTMENTS ON SOCIETY AND THE ENVIRONMENT; AND PUBLISHING OR OTHERWISE DISSEMINATING THE RESULTS OF SUCH RESEARCH AND PROVIDING A FORUM FOR ITS DISCUSSION;2. PROMOTING SUSTAINABLE DEVELOPMENT BY:(A) PROMOTING THE PRESERVATION AND CONSERVATION OF THE NATURAL ENVIRONMENT AND THE PRUDENT USE OF NATURAL RESOURCES AND ECOLOGICAL PROCESSES; AND(B) PROMOTING SUSTAINABLE MEANS OF ACHIEVING ECONOMIC PROGRESS AND REGENERATION.IN THIS CONTEXT, "SUSTAINABLE DEVELOPMENT" MEANS DEVELOPMENT THAT MEETS THE NEEDS OF THE PRESENT GENERATION WITHOUT COMPROMISING THE ABILITY OF FUTURE GENERATIONS TO MEET THEIR NEEDS.3. RELIEVING POVERTY AND IMPROVING THE CONDITIONS OF LIFE IN SOCIALLY AND ECONOMICALLY DISADVANTAGED COMMUNITIES.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net deficit for the year, with unrestricted reserves falling to £221,541. The trustees consider this level of reserves appropriate, noting it represents 3.8 months of salary costs against a policy target of at least three months. The organization is continuing operations with no material uncertainties identified regarding its going concern status.
What the accounts disclose
“Our target is to maintain reserves at a level that is at least equivalent to three months’ of salary costs but no more than six month’s worth of total budgeted expenditure.”
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints handling
- 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
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/12/2025
- Employees paid over £60,000: 2 (£60,001–£70,000: 2)
Self-declared on the annual return for the financial year ending 31/12/2024
- Employees paid over £60,000: 3 (£60,001–£70,000: 2; £70,001–£80,000: 1)
Self-declared on the annual return for the financial year ending 31/12/2023
- Employees paid over £60,000: 1 (£70,001–£80,000: 1)
Structured financials (annual return, FY ending 31/12/2025)
Trustees
- Alexandria Holly Reid
- Alice Merry
- Caolan James Ward
- David Bartram
- Deborah Jane Ball
- Erinch Sahan
- Frances Louise Eldridge
- Nuria Molina Gallart
- Simon Starling
- Thobeka Petunia Ngcobo
- Thomas Railton
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £738k | £795k |
| 31/12/2024 | £860k | £703k |
| 31/12/2023 | £833k | £829k |
| 31/12/2022 | £803k | £742k |
| 31/12/2021 | £563k | £457k |
Common questions
Is FINANCE INNOVATION LAB financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net deficit for the year, with unrestricted reserves falling to £221,541. The trustees consider this level of reserves appropriate, noting it represents 3.8 months of salary costs against a policy target of at least three months. The organization is continuing operations with no material uncertainties identified regarding its going concern status. Its FY2025 accounts were independently examined.
Who funds FINANCE INNOVATION LAB?
Funders whose own accounts filings name FINANCE INNOVATION LAB as a grant recipient include FRIENDS PROVIDENT CHARITABLE FOUNDATION, THE JOSEPH ROWNTREE CHARITABLE TRUST, TRUST FOR LONDON, JOFFE CHARITABLE TRUST CIO, JOHN ELLERMAN FOUNDATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| FRIENDS PROVIDENT CHARITABLE FOUNDATION | FY2023 | £250k | Core Funding |
| FRIENDS PROVIDENT CHARITABLE FOUNDATION | FY2025 | £205k | Cross-party sustainability and finance |
| THE JOSEPH ROWNTREE CHARITABLE TRUST | FY2025 | £189k | Core costs: Transforming finance for people and the planet |
| TRUST FOR LONDON | FY2024 | £120k | Ending the poverty premium |
| JOFFE CHARITABLE TRUST CIO | FY2024 | £112k | |
| FRIENDS PROVIDENT CHARITABLE FOUNDATION | FY2023 | £100k | Core funding in support of Finance Innovation Lab’s work |
| JOHN ELLERMAN FOUNDATION | FY2025 | £100k | Towards core costs to convene and coordinate the Fair Banking for All Coalition |
| THE J J CHARITABLE TRUST | FY2022 | £50k | Towards Director of Programmes and Community Power Building role. |
| FRIENDS PROVIDENT CHARITABLE FOUNDATION | FY2022 | £50k | Grant increase (core funding) |
| JOFFE CHARITABLE TRUST CIO | FY2025 | £35k | Grants to institutions |
| THE BARROW CADBURY TRUST | FY2024 | £30k | Economic Justice |
| JOFFE CHARITABLE TRUST CIO | FY2021 | £25k | |
| JOFFE CHARITABLE TRUST CIO | FY2022 | £25k | |
| NETWORK FOR SOCIAL CHANGE CHARITABLE TRUST | FY2022 | £20k | Economic Justice Pool |
| NETWORK FOR SOCIAL CHANGE CHARITABLE TRUST | FY2023 | £19k | Fast Track |
| NETWORK FOR SOCIAL CHANGE CHARITABLE TRUST | FY2025 | £18k | Pool/Fast Track |
| JOFFE CHARITABLE TRUST CIO | FY2023 | £17k | |
| FRIENDS PROVIDENT CHARITABLE FOUNDATION | FY2021 | £3k | Power paired |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE NUFFIELD FOUNDATION | 3 | £3.2m |
| THE AURORA TRUST | 2 | £215k |
| Founders Pledge Ltd | 1 | £1.1m |
| GUY'S AND ST THOMAS' FOUNDATION | 1 | £590k |
| EFFECTIVE VENTURES FOUNDATION | 1 | £136k |
| UBS UK Donor-Advised Foundation | 1 | £109k |
| THE EY FOUNDATION | 1 | £85k |
| Alex Ferry Foundation | 1 | £50k |
Charities like this
- THE YOUNG FOUNDATION
- INSTITUTE FOR THE FUTURE OF WORK
- THE CHARITY FINANCE GROUP
- CENTER ON LONG-TERM RISK
- FOUNDATION FOR SCIENCE AND TECHNOLOGY
- FFCC LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| FINANCE INNOVATION LAB | £738k | — | — | unclear | — | no doubt |
| THE YOUNG FOUNDATION | £4.0m | £110,001 - £120,000 | 14 | above | — | no doubt |
| INSTITUTE FOR THE FUTURE OF WORK | £993k | — | 0 | unclear | — | no doubt |
| THE CHARITY FINANCE GROUP | £2.0m | — | — | within | — | no doubt |
| CENTER ON LONG-TERM RISK | £1.5m | — | — | above | — | no doubt |
| FOUNDATION FOR SCIENCE AND TECHNOLOGY | £278k | — | — | unclear | — | no doubt |