THE WORSHIPFUL COMPANY OF INFORMATION TECHNOLOGISTS CHARITY
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
Objects
3.1 THE ADVANCEMENT OF EDUCATION AND TRAINING OF THE PUBLIC IN MATTERS RELATED TO INFORMATION TECHNOLOGY.3.2 PROMOTING THE EFFECTIVENESS AND EFFICIENCY OF CHARITIES AND THE EFFECTIVE USE OF RESOURCES TO ACHIEVE CHARITABLE PURPOSES FOR THE BENEFIT OF THE PUBLIC BY THE PROVISION OF ADVICE AND SUPPORT IN RELATION TO INFORMATION TECHNOLOGY.3.3 SUBJECT TO OBJECTS 3.1 AND 3.2, THE PROVISION OF GRANTS FOR SUCH PURPOSES AS ARE CHARITABLE ACCORDING TO THE LAW OF ENGLAND AND WALES
Financial health, per its FY2025 accounts
The accounts state that the charity is in sound financial health, with unrestricted funds totaling £1,512,860, which is above the stated reserves policy target of £250,000. The charity generated a surplus of £389,846 for the year, driven by a net gain on investments of £456,890, and maintains positive cash flow. The trustees confirm adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
“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. This is estimated to be £250,000.” — page 10
“The Trustees of the WCIT Charity are, in the main, drawn from the membership of the Worshipful Company of Information Technologists which is, therefore, a related party. The WCIT Charity owns 100% of the share capital in CITO Management Services Limited and this company is also a related party of the Charity. However, this company has been dormant since 31st December 2009.” — page 8
“The WCIT Charity owns 100% of the share capital in CITO Management Services Limited and this company is also a related party of the Charity. However, this company has been dormant since 31st December 2009.” — page 8
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/12/2025
- Volunteers: 30
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/12/2024
- Volunteers: 20
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/12/2023
- Volunteers: 20
- Grant-making is its main activity
Corporate structure
- Trading subsidiary: CITO MANAGEMENT SERVICES LIMITED Companies House 04285107
- Registered company of the charity Companies House 05697763 · Financial health read from its filings
- The company is dormant and entitled to exemption under section 480 of the Companies Act 2006.
Company officers (Companies House)
- WIRSZYCZ, Robert Michael on trustee list
- CORDERY, Peter John on trustee list
- EGLIN, Matthew Nigel on trustee list
- HOLLAND, Maxine Barbara on trustee list
- ANGEL, John Hugh on trustee list
- BERRY, David on trustee list
- CHAUDHRY PANDEY, Serena Aleem not on trustee list
- PARKINSON, Bryan John on trustee list
- HAYTHORNE, Fumiyo
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2021)
Trustees
- Bryan John Parkinson
- Craig Penfold
- David Berry
- Gary Moore
- John Hugh Angel
- Matthew Nigel Eglin
- Maxine Barbara Holland
- Peter Cordery
- Robert Wirszycz
- Serena Aleem Chaudhry Pandey
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £378k | £445k |
| 31/12/2024 | £423k | £478k |
| 31/12/2023 | £365k | £392k |
| 31/12/2022 | £375k | £472k |
| 31/12/2021 | £832k | £484k |
Common questions
Is THE WORSHIPFUL COMPANY OF INFORMATION TECHNOLOGISTS CHARITY financially healthy?
Per its FY2025 accounts: The accounts state that the charity is in sound financial health, with unrestricted funds totaling £1,512,860, which is above the stated reserves policy target of £250,000. The charity generated a surplus of £389,846 for the year, driven by a net gain on investments of £456,890, and maintains positive cash flow. The trustees confirm adequate resources to continue in operational existence for the foreseeable future. Its FY2025 accounts were audited by Menzies LLP.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| City Bridge Foundation | 28/01/2016 | £47k | Grant to Charity IT Association |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| Founders Pledge Ltd | 1 | £6.5m |
| EFFECTIVE VENTURES FOUNDATION | 1 | £1.0m |
| THE COLES-MEDLOCK FOUNDATION | 1 | £14k |
| THE BUZZACOTT STUART DEFRIES MEMORIAL FUND | 1 | £2k |
| Evelyn Partners Charitable Trust | 1 | £700 |
| ARBUTHNOTT CHARITABLE TRUST | 1 | £500 |
Charities like this
- THE WORSHIPFUL COMPANY OF ENGINEERS CHARITABLE TRUST FUND
- Charity Technology Leadership
- CHARITIES ADMINISTERED BY THE WORSHIPFUL COMPANY OF FOUNDERS
- THE INSTITUTION OF ANALYSTS & PROGRAMMERS
- THE TURING TRUST
- THE INVESTINDUSTRIAL FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE WORSHIPFUL COMPANY OF INFORMATION TECHNOLOGISTS CHARITY | £378k | — | 0 | above | — | no doubt |
| THE WORSHIPFUL COMPANY OF ENGINEERS CHARITABLE TRUST FUND | £219k | — | 0 | within | — | no doubt |
| Charity Technology Leadership | £203k | more than £60,000 | 5 | unclear | — | no doubt |
| CHARITIES ADMINISTERED BY THE WORSHIPFUL COMPANY OF FOUNDERS | £99k | — | 0 | within | — | no doubt |
| THE INSTITUTION OF ANALYSTS & PROGRAMMERS | £48k | — | 0 | above | — | no doubt |
| THE TURING TRUST | £783k | — | 0 | within | — | no doubt |