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INSTITUTE FOR THE FUTURE OF WORK

Registered charity 1180718 · accounts filings on the Charity Commission register · also known as 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.

Causes: General Charitable Purposes · Education/training · The Prevention Or Relief Of Poverty · website · Get email alerts

Latest income
£993k
Latest spending
£1.0m
Registered
2018
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that total income was £993,111 against total expenditure of £1,030,469, resulting in a net deficit for the year. The charity holds unrestricted reserves of £381,115, which the trustees consider adequate to fund activities for the foreseeable future. The trustees confirm the charity remains a going concern.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: Grants (95% of income)
“Grants 50,000 893,847 943,847” — page 22
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: three months of forecasted total operating expenditure, or 25% of total annual planned operating expenditure (held: £381k)
“the policy of the IFOW trustees is to hold sufficient funds in reserve to cover three months of IFOW's forecasted total operating expenditure, or 25% of total annual planned operating expenditure.”
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/08/2025)

Total income
£993k
Total spending
£1.0m
Cost of raising funds
£3k
Reserves (reported)
£381k
Employees
11

Reported reserves equal ~4.4 months of spending — below the median for charities its size (median 5.2 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (100% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.3% of total income — below the median for charities its size (4.9%) (benchmarks).

Trustees · trustee networks

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

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/08/2025£993k£1.0m
31/08/2024£978k£808k
31/08/2023£880k£930k
31/08/2022£821k£660k
31/08/2021£350k£290k

Common questions

Is INSTITUTE FOR THE FUTURE OF WORK financially healthy?

Per its FY2025 accounts: The accounts state that total income was £993,111 against total expenditure of £1,030,469, resulting in a net deficit for the year. The charity holds unrestricted reserves of £381,115, which the trustees consider adequate to fund activities for the foreseeable future. The trustees confirm the charity remains a going concern. Its FY2025 accounts were independently examined.

Who funds INSTITUTE FOR THE FUTURE OF WORK?

Funders whose own accounts filings name INSTITUTE FOR THE FUTURE OF WORK as a grant recipient include THE JOSEPH ROWNTREE CHARITABLE TRUST, FRIENDS PROVIDENT CHARITABLE FOUNDATION, THE EY FOUNDATION, THE NUFFIELD FOUNDATION, Alex Ferry Foundation.

Known funders

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

FunderYearAmountPurpose (as stated by the funder)
THE JOSEPH ROWNTREE CHARITABLE TRUSTFY2023£115kStrengthening corporate accountability for algorithmic systems and platforms at work
FRIENDS PROVIDENT CHARITABLE FOUNDATIONFY2024£97kProject Funding
THE EY FOUNDATIONFY2025£85kSupporting research into actions that will enable young people from low-income backgrounds to thrive in an evolving job market
THE NUFFIELD FOUNDATIONFY2024£79kThe Pissarides Review into the future of work and wellbeing
Alex Ferry FoundationFY2023£15kResearch grants
Alex Ferry FoundationFY2022£15kResearch Grants