Our finances
Here are our full financial details –how we’re funded and who we’re funded by.
Funding
A range of organisations fund us, primarily private philanthropic foundations, governments and multilateral organisations that are committed to global development and ending poverty. In 2019 we diversified our funding base with five new donors contributing to DI projects increasing our income from 2018 to 2019 by just under £1 million. Additionally, the value of funding increased by the continuing weakness of the pound buoying the value of non-sterling donations.
Development Initiatives Poverty Research Ltd: Income in 2019 – £5.9 million
1 = United Nations Office of Disaster Risk Reduction; 2 = Canadian International Development Agency; 3 = Sightsavers; 4 = DII ; 5 = European Commission; 6 = Irish Aid; 7 = European Commission funding via Agropolis International; 8 = Other income; 9 = SDG Kenya Forum; 10 = Food and Agriculture Organisation
Development Initiatives Poverty Research Ltd: Income in 2018 – £4.9 million
1 = Swedish International Development Agency; 2 = German Society for International Cooperation; 3 = Eleanor Crook Foundation; 4 = New Venture Fund; 5 = Other income; 6 = The Asia Foundation; 7 = Danish International Development Agency; 8 = Interest
Expenditure
In 2019, as in previous years, our highest expenditure was on staff costs and professional services. There was an increase in the use of contractors and freelancers again, mainly driven by DI hosting the SDG Kenya Forum in the DI Kenya office and paying the salaries of staff working on their projects. Consultants are an important resource for DI to facilitate agile working, allowing us to be responsive to quick turnaround opportunities.
DI also invested substantially more this year in IT and infrastructure, including moving our servers to cloud-based platforms, and updating hardware equipment for staff in our offices. In 2019 DI also put in place an extensive learning and development programme for staff which accounted for some expenditure. The value of our work lies in our knowledge, skills and expertise, and so this is where we invest most heavily.
Development Initiatives Poverty Research Ltd: expenditure in 2019 – £5.8 million
1 = Irrecoverable VAT; 2 = Foreign exchange – gains/(losses); 3 = Other
Development Initiatives Poverty Research Ltd: expenditure in 2018 – £4.7 million
1 = Other; 2 = Foreign exchange – gains/(losses); 3 = Irrecoverable VAT
Development Initiatives Poverty Research Ltd – accounts
Our accounts for the past six years are below. For earlier accounts, please contact our Head of Finance Dan Seymour.
DI International Ltd – accounts
Our accounts for the past six years are below. For earlier accounts, please contact our Head of Finance Dan Seymour.