Charity Accounts Intelreading the accounts so you don’t have to

THE CHARTERED INSTITUTE OF TAXATION

Registered charity 1037771 · accounts filings on the Charity Commission register · also known as CHARTERED INSTITUTE OF TAXATION, CIOT

As an educational charity, we work to improve the administration and practice of taxation to the benefit of all affected by it: protecting the public by monitoring Chartered Tax Advisers' compliance with regulations; setting and administering tax examinations; advising government on proposed and enacted tax legislation; giving general tax education on websites; and making grants for tax research.

Causes: Education/training · Other Charitable Purposes · Grant history (this charity is a funder) · website · Get email alerts

Latest income
£12.1m
Latest spending
£11.8m
Registered
1994
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity achieved an operating surplus of £290,000 and a net income surplus of £662,000 for the year ended 31 December 2025. Per the trustees' report, total funds stood at £10,789,000, which exceeds the stated reserves policy target of £10,226,000, indicating adequate financial stability.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: £10,226,000 (held: £10.8m)
“The total target for reserves at 31 December 2025 was £10,226,000.”
Per its FY2025 accounts as filed with the Charity Commission.
Payments to trustees: Payment to Sofia Thomas for services
“Payment to one Council member (Sofia Thomas) for services rendered to the Institute during 2025 totaled £3,600 VAT inclusive.”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Payment to Council member Sofia Thomas for services
“Payment to one Council member (Sofia Thomas) for services rendered to the Institute during 2025 totaled £3,600 VAT inclusive.”
“In the year ended 31 December 2025, 7 Council members reclaimed reimbursement of expenses totaling £18,075”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Reimbursement of expenses to Council members
“Payment to one Council member (Sofia Thomas) for services rendered to the Institute during 2025 totaled £3,600 VAT inclusive.”
“In the year ended 31 December 2025, 7 Council members reclaimed reimbursement of expenses totaling £18,075”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Contribution to Taxation Disciplinary Board
“Payment to one Council member (Sofia Thomas) for services rendered to the Institute during 2025 totaled £3,600 VAT inclusive.”
“In the year ended 31 December 2025, 7 Council members reclaimed reimbursement of expenses totaling £18,075”
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by UHY Hacker Young. Discloses 4 of 6 completeness components.

In the news

Recent coverage mentioning this charity by name (automated match; headlines belong to their publishers).

Property (HM Land Registry)

3 registered titles in England and Wales held by the charity’s company or corporate body (0 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Structured financials (annual return, FY ending 31/12/2025)

Total income
£12.1m
Total spending
£11.8m
Cost of raising funds
£43k
Reserves (reported)
£10.8m
Employees
100

Reported reserves equal ~10.9 months of spending — above the median for charities its size (median 4.6 months; benchmarks).

Per its annual return, largest income source: Charitable activities (97% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.4% of total income — below the median for charities its size (3.8%) (benchmarks).

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Northern Ireland · Scotland · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2025£12.1m£11.8m
31/12/2024£11.3m£11.5m
31/12/2023£10.7m£10.1m
31/12/2022£9.9m£9.1m
31/12/2021£9.8m£8.3m

Common questions

Is THE CHARTERED INSTITUTE OF TAXATION financially healthy?

Per its FY2025 accounts: The accounts state that the charity achieved an operating surplus of £290,000 and a net income surplus of £662,000 for the year ended 31 December 2025. Per the trustees' report, total funds stood at £10,789,000, which exceeds the stated reserves policy target of £10,226,000, indicating adequate financial stability. Its FY2025 accounts were audited by UHY Hacker Young.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
THE HELEN HAMLYN TRUST1£1.0m
MISSION441£741k
THE PEARS FAMILY CHARITABLE FOUNDATION1£250k
CHARITY OF SIR RICHARD WHITTINGTON1£150k
THE EDUCATION ENDOWMENT FOUNDATION1£91k
THE PG & NJ BOULTON TRUST LIMITED1£82k
BETHEL PRESBYTERIAN CHURCH (REFORMED) CARDIFF WEST1£48k
THE GOSHEN TRUST1£24k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE ASSOCIATION OF TAXATION TECHNICIANS.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
THE CHARTERED INSTITUTE OF TAXATION£12.1m——unclear—no doubt
THE ASSOCIATION OF TAXATION TECHNICIANS FY2025£4.4m——unclear—no doubt
THE CERTIFIED ACCOUNTANTS EDUCATIONAL TRUST FY2025£297k—0above—no doubt
THE ASSOCIATION OF ACCOUNTING TECHNICIANS FY2025£35.2m——unclear—no doubt
CHARTERED ACCOUNTANTS' LIVERY CHARITY FY2025£318k—0unclear—no doubt
THE CHARTERED COLLEGE OF TEACHING FY2025£2.5m£140,001 - £150,000—unclear—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.