Our expenditure is divided into four categories:

1. Support to ERCs: Money spent at the foundations to support communities, such as resource development and supporting joint fundraising.
2. Direct financial support to ERCs: Money channelled through the foundations to communities.
3. Knowledge exchange and educational work: Costs incurred on the ERC Knowledge Exchange Platform and our educational offering, including dedicated staff costs.
4. Management, fundraising and overheads: Costs incurred outside the above categories, such as salaries of the directors, fundraising, general IT costs, office and travel costs, bank and payment-service provider costs, and finally accountancy and book keeping costs.