Our finances
Here are our full financial details – how we’re funded and who we’re funded by.
Funding
Our income in 2021 increased by £671,831 to £5,808,359 driven largely by income from our consultancy arm, DII. Our reliance on UKAID funding decreased following cuts as part of the UK government's reduction in their aid spending.
Development Initiatives Poverty Research Ltd: Income in 2021 – £5.8 million
Expenditure
In 2021, as in previous years, our highest expenditure remained our staff costs and professional services. We increased our staff numbers from 80 to 93 and as a result staff costs also increased. This was also as a result of investment in staff salaries following a pay review and an extensive benchmarking exercise. Training costs were slightly higher in 2021 (£29,516) than in 2020 (£26,826). Our consultant costs were down from £1,103,580 in 2020 to £999,163 in 2021 as a result of the effect of the pandemic on the general activities of the organisation.
In the first quarter of 2021 DI also moved offices in the UK, saving in rent during a time when the offices were closed, and the re-fit was underway. As a result, our rent and rates were lower in 2021 than in previous years. However, DI has secured a lease to support the re-fit costs amounting to £60,360 and will be repaid over five years.
Development Initiatives Poverty Research Ltd: expenditure in 2021 – £5.6 million
Development Initiatives Poverty Research Ltd – accounts
Our accounts for the past seven years are below. For earlier accounts, please contact our finance team at [email protected].
DI International Ltd – accounts
Our accounts for the past seven years are below. For earlier accounts, please contact our finance team at [email protected].