PI is a registered charity in England & Wales (no. 1147471). We raise money to fund our work to support our charitable purposes across the world, including to support our staff, projects and our partner organisations in the Global South.
Sources of funding
We're working hard to ensure that PI's work is independent, cutting-edge and can be sustained for years to come. As a result, PI's work is funded by a variety of different sources.
We are very fortunate to receive funding from members of the public. Individual donations are hugely important to us, and we are extremely grateful for the trust and confidence that the public places in us and our work.
We receive grants from charitable trusts, foundations, and international development agencies.
We are very grateful to the following organisations for their support: Adessium Foundation, the Ford Foundation, the International Committee of the Red Cross, International Development Research Centre, Luminate, Oak Foundation, Open Society Foundations, Swedish International Development Cooperation Agency. We have been previously supported by the Esmée Fairbairn Foundation, Media Democracy Fund, Sigrid Rausing Trust, and the Street Foundation.
We do not accept funding from corporations because we believe that it would jeopardise the independence of our activities.
How we manage funds
PI seeks to continuously strengthen our financial management systems. We work hard to ensure that PI is accountable to the public, our partners, and our funders.
All expenditure is carried out with reference to PI's multi-year strategic plan and annual workplan, as approved by the Board prior to the start of each financial year. Financial procedures have been developed to monitor and evaluate the charity’s finances. This includes quarterly management accounts, which are prepared for review by Trustees, prior to each meeting of the Board.
The Board of Trustees has established a Finance and Audit Committee to advise the Board. The Committee oversees finance and audit functions, recommends finance policy to the Board, and ensures that existing finance policy is implemented. The audit function of this committee is to consider the adequacy of risk management, internal controls and governance.
Below are our annual reports. You can also see them on the Charity Commission website.
Financial Report 2018-2019
Audited accounts for the year ending January 31, 2019.
Financial Report 2017-2018
Audited accounts for the year ending January 31, 2018.
Financial Report 2016-2017
Audited accounts for the year ending January 31 2017.
Financial Report 2015-2016
Audited accounts for the year ending January 31 2016.
Financial Report 2014-2015
Audited accounts for the year ending January 31 2015.
Financial Report 2013-2014
Audited accounts for the year ending January 31 2014.
Financial Report 2012-2013
Audited accounts for the year ending January 31 2013.
Financial Report 2011-2012
Audited accounts for the year ending January 31 2012.