Charity Accounts Intelreading the accounts so you don’t have to

FINANCE INNOVATION LAB

Registered charity 1165269 · accounts filings on the Charity Commission register · also known as FILAB; THE LAB

Latest income
£860k
Latest spending
£703k
Registered
2016
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that unrestricted reserves were £136,761, representing 53% of core operational expenditure. The trustees consider this level appropriate against their policy target of three months' expenditure. The charity reported a net surplus for the year, with unrestricted funds increasing by £10,991.

What the accounts disclose

Reserves policy: three months' core operational expenditure (held: £137k)
“Our target is to maintain reserves at a level that is at least equivalent to three months’ core operational expenditure.”
Per its FY2023 accounts as filed with the Charity Commission.

Accounts audited by Buzzacott LLP.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£860k
Total spending
£703k
Cost of raising funds
£63k
Reserves (reported)
£242k
Employees
10

Reported reserves equal ~4.1 months of spending — below the median for charities its size (median 5.2 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England And Wales · United States

Income and spending

Financial year endIncomeSpending
31/12/2024£860k£703k
31/12/2023£833k£829k
31/12/2022£803k£742k
31/12/2021£563k£457k
31/12/2020£412k£378k

Common questions

Is FINANCE INNOVATION LAB financially healthy?

The accounts state that unrestricted reserves were £136,761, representing 53% of core operational expenditure. The trustees consider this level appropriate against their policy target of three months' expenditure. The charity reported a net surplus for the year, with unrestricted funds increasing by £10,991. Its FY2023 accounts were audited by Buzzacott LLP.

Who funds FINANCE INNOVATION LAB?

Funders whose own accounts filings name FINANCE INNOVATION LAB as a grant recipient include FRIENDS PROVIDENT CHARITABLE FOUNDATION, TRUST FOR LONDON, JOFFE CHARITABLE TRUST CIO, JOHN ELLERMAN FOUNDATION, THE BARROW CADBURY TRUST.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmount
FRIENDS PROVIDENT CHARITABLE FOUNDATIONFY2023£250k
FRIENDS PROVIDENT CHARITABLE FOUNDATIONFY2025£205k
TRUST FOR LONDONFY2024£120k
JOFFE CHARITABLE TRUST CIOFY2024£112k
FRIENDS PROVIDENT CHARITABLE FOUNDATIONFY2023£100k
JOHN ELLERMAN FOUNDATIONFY2025£100k
THE BARROW CADBURY TRUSTFY2024£30k
JOFFE CHARITABLE TRUST CIOFY2022£25k
NETWORK FOR SOCIAL CHANGE CHARITABLE TRUSTFY2023£19k
JOFFE CHARITABLE TRUST CIOFY2023£17k

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
QUADRATURE CLIMATE FOUNDATION1£1.9m
The Gerald and Gail Ronson Family Foundation1£436k
THE BLOOM FOUNDATION1£141k
THE BENSON AND LIONEL BLACK CHARITABLE TRUST1£105k
THE MAURICE HATTER FOUNDATION1£100k
THE JOSEPH ROWNTREE CHARITABLE TRUST1£95k
BERNARD LEWIS FAMILY CHARITABLE TRUST1£66k
THE CHARLES WOLFSON CHARITABLE TRUST1£55k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with FINANCIAL INCLUSION SERVICES (YORKSHIRE) LTD.