THE WORSHIPFUL COMPANY OF INFORMATION TECHNOLOGISTS CHARITY

Registered charity 1113488 · accounts filings on the Charity Commission register · also known as THE WORSHIPFUL COMPANY OF INFORMATION TECHNOLOGISTS CHARITABLE TRUST

1. The advancement of education and training of the public in matters related to IT2. Promoting the effectiveness and efficiency of charities and the effective use of resources to achieve charitable purposes by the provision of advice and support in relation to IT3. Subject to 1 & 2 above the provision of grants for such purposes as are charitable according to the law of England & Wales

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

Latest income
£423k
Latest spending
£478k
Registered
2006
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity generated a surplus of £214,527 for the year ended 31 December 2024, driven by a net gain on investments of £269,684. Per the trustees' report, unrestricted funds stood at £1,107,556, which the trustees consider to be above the minimum level required by their reserves policy, maintaining positive cash flow throughout the period.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: six months' forward activity (held: £1.1m)
“It is the policy of the WCIT Charity to maintain its free reserves at a level to enable it to be administered efficiently, to meet its short-term expenditure requirements, and have adequate resources to fund its charitable activities and projects, i.e. hold free reserves sufficient to cover up to six months’ forward activity.” — page 9
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Salary and shared cost reimbursements to the Livery Company
“As stated in note 2.15, the Charity is charged an appropriate proportion of salary costs and shared costs by the Livery Company. During the year, the total of these costs was £144,273 (2023: £154,126). As stated in note 2.15, the Charity is charged an amount of shared costs by the Livery Company. During the year, the total of these costs was £14,444 (2023: £9,052). In addition, the Charity incurs some costs on behalf of the Livery Company which are recharged. During the year, the total costs recharged, inclusive of VAT, was £35,196 (2023: £46,696). During the year, Trustees made donations of £3,120 (2023: £3,235) to the Charity. During the year, surpluses from some Livery Company Panel events were donated to the Charity, the total of these donations was £18,914 (2023: £7,812). During the year, a donation of £30,000 (2023: £NIL) was received from the Livery Company as a contribution towards a grant being made from the Charity to Hammersmith Academy. During the year, a grant of £6,160 (2023: £NIL) was made to a CIC whose CEO and Founder also acts as an Officer of the Livery Company. As at the year end, there was a balance of £363 (2023: £833) due from the Livery Company.” — page 26
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Kreston Reeves LLP. Discloses 5 of 6 completeness components.

Corporate structure

CITO MANAGEMENT SERVICES LIMITED — per its own Companies House accounts
  • The company is dormant and entitled to exemption under section 480 of the Companies Act 2006.

Public fundraising profile: JustGiving — WCIT Charity (matched by registered charity number).

Company officers (Companies House)

Current officers of the charity’s own company per the Companies House register, cross-checked against the Charity Commission trustee list by name. A director not on the trustee list is usually a timing or naming difference between the two registers — check both records before drawing conclusions.

Official officers record.

Property (HM Land Registry)

1 registered title in England and Wales held by the charity’s company or corporate body (1 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Structured financials (annual return, FY ending 31/12/2021)

Total income
£832k
Total spending
£484k
Cost of raising funds
£16k
Reserves (reported)
£1.4m
Employees
2

Reported reserves equal ~33.8 months of spending — in the top quarter for charities its size (median 7.0 months; benchmarks).

Per its annual return, cost of raising funds: 2.0% of total income — below the median for charities its size (2.9%) (benchmarks).

Trustees · trustee networks

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

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2024£423k£478k
31/12/2023£365k£392k
31/12/2022£375k£472k
31/12/2021£832k£484k
31/12/2020£316k£392k

Common questions

Is THE WORSHIPFUL COMPANY OF INFORMATION TECHNOLOGISTS CHARITY financially healthy?

Per its FY2024 accounts: The accounts state that the charity generated a surplus of £214,527 for the year ended 31 December 2024, driven by a net gain on investments of £269,684. Per the trustees' report, unrestricted funds stood at £1,107,556, which the trustees consider to be above the minimum level required by their reserves policy, maintaining positive cash flow throughout the period. Its FY2024 accounts were audited by Kreston Reeves LLP.

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
City Bridge Foundation28/01/2016£47kGrant to Charity IT Association

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
DAWAT-E-HADIYAH TRUST (UNITED KINGDOM)1£23.2m

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE SAIFEE FOUNDATION OF EUROPE.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
THE WORSHIPFUL COMPANY OF INFORMATION TECHNOLOGISTS CHARITY£423k—0above—no doubt
THE SAIFEE FOUNDATION OF EUROPE FY2024£21.1m—0above—no doubt
CHONYI WISDOM CHARITY FY2025£279k—0above—no doubt
ASSOCIATION FOR INFORMATION TECHNOLOGY TRUST FY2024£190k—0unclear—no doubt
TYNE NORTH TRAINING LIMITED FY2025£1.5m£60,001 - £70,0002above—no doubt
CITIFAITH CHURCH FY2025£280kin excess of £40,0000unclear—no doubt

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