Internet of Production UK
Internet of Production helps people affected by disasters by transforming international humanitarian relief through innovation. We find ways for aid supplies to be provided cheaper, faster and better than through traditional supply chains by enabling local manufacturing in the field. We operate worldwide, particularly in countries with high disaster risk and severe supply chain challenges.
Financial health, per its FY2024 accounts
The accounts state that the charity ended the year with unrestricted funds of £8,439 and a cash balance of £2,488. The trustees noted that as the charity anticipated reducing operating costs to zero in early 2025, there was no requirement to hold reserves and no formal reserves policy was adopted. The charity held no investments and restricted funds were fully expended, resulting in a zero balance.
What the accounts disclose
“SDC has also provided project-related accounting support across the year for a combined fee of £21,300 (2023: £2,025)” — page 12
“This report and accounts are filed later than expected due to a dispute on payroll taxes payable in the UK that would have materially affected the accounts had it not been resolved.” — page 5
Funders the charity credits
- European Union
Trustees
- Christina Rebel
- Dr Lucia Corsini
- Stuart Davis
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £386k | £377k |
| 31/12/2023 | £222k | £222k |
| 31/12/2022 | £209k | £209k |
| 31/12/2021 | £0 | £0 |
| 31/12/2020 | £0 | £0 |
Common questions
Is Internet of Production UK financially healthy?
Per its FY2024 accounts: The accounts state that the charity ended the year with unrestricted funds of £8,439 and a cash balance of £2,488. The trustees noted that as the charity anticipated reducing operating costs to zero in early 2025, there was no requirement to hold reserves and no formal reserves policy was adopted. The charity held no investments and restricted funds were fully expended, resulting in a zero balance. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| UK government | 01/04/2021 | £100k | Reducing transmission of Covid 19 and supporting the local market by enabling localised manufacture of PPE |