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THE CHARTERED INSTITUTE OF TAXATION

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

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.

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.

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).

Trustees

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?

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
MAYFAIR CHARITIES LIMITED1£21k

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