IVCC
Financial health, per its FY2025 accounts
The accounts state that the charity generated a surplus of £1.8m for the year ended 31 July 2025, resulting in total free/unrestricted reserves of £13.0m. The trustees confirm that the charity has adequate resources to continue in operation for the foreseeable future, citing a positive bank balance of £9.1m and significant deferred income. The financial position is supported by a strong asset base and medium-term funding visibility from major donors.
What the accounts disclose
“IVCC aligns with the group policy of ensuring that unrestricted reserves represent a minimum of 6 months' pay expenditure (£1.6m).” — page 13
“During 2025, charitable research grants totalling £1,899,000 (2024: £2,180,000) were passed to IVCC’s parent company Liverpool School of Tropical Medicine (LSTM); all had performance conditions attached.” — page 31
“During 2025, charitable research grants totalling £3,444,000 (2024: £1,218,000) were passed to IVCC’s sister company iiDiagnostics ; all had performance conditions attached.” — page 31
“During 2025, charitable research grants totalling £1,899,000 (2024: £2,180,000) were passed to IVCC’s parent company Liverpool School of Tropical Medicine (LSTM); all had performance conditions attached.” — page 31
“During 2025, charitable research grants totalling £3,444,000 (2024: £1,218,000) were passed to IVCC’s sister company iiDiagnostics ; all had performance conditions attached.” — page 31
“During 2025, charitable research grants totalling £1,899,000 (2024: £2,180,000) were passed to IVCC’s parent company Liverpool School of Tropical Medicine (LSTM); all had performance conditions attached.” — page 31
“During 2025, charitable research grants totalling £3,444,000 (2024: £1,218,000) were passed to IVCC’s sister company iiDiagnostics ; all had performance conditions attached.” — page 31
“During 2025, charitable research grants totalling £1,899,000 (2024: £2,180,000) were passed to IVCC’s parent company Liverpool School of Tropical Medicine (LSTM); all had performance conditions attached.” — page 31
“During 2025, charitable research grants totalling £3,444,000 (2024: £1,218,000) were passed to IVCC’s sister company iiDiagnostics ; all had performance conditions attached.” — page 31
“During 2025, charitable research grants totalling £1,899,000 (2024: £2,180,000) were passed to IVCC’s parent company Liverpool School of Tropical Medicine (LSTM); all had performance conditions attached.” — page 31
“During 2025, charitable research grants totalling £3,444,000 (2024: £1,218,000) were passed to IVCC’s sister company iiDiagnostics ; all had performance conditions attached.” — page 31
Leadership, per the charity’s website
- Justin McBeath — Chief Executive Officer
- Chris Larkin — Director
- Mathias Mondy — Director
- Dr Derric Nimmo — Director
- Leo Smedley — Director
- David Worrall — Director
Funders the charity credits
- Global Fund
- Unitaid
- USAID
Structured financials (annual return, FY ending 31/07/2025)
Trustees
- Sherwin Charleschair
- Alan Court
- Dr Bruno Suzette Roger Moonen
- Dr Elizabeth Chizema
- Dr Jacqueline Applegate
- Jonathan Schofield
- Ray Nishimoto
- Susan Russell
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £19.1m | £17.3m |
| 31/07/2024 | £20.3m | £20.2m |
| 31/07/2023 | £33.4m | £32.3m |
| 31/07/2022 | £48.6m | £47.5m |
| 31/07/2021 | £39.4m | £38.2m |
Common questions
Is IVCC financially healthy?
The accounts state that the charity generated a surplus of £1.8m for the year ended 31 July 2025, resulting in total free/unrestricted reserves of £13.0m. The trustees confirm that the charity has adequate resources to continue in operation for the foreseeable future, citing a positive bank balance of £9.1m and significant deferred income. The financial position is supported by a strong asset base and medium-term funding visibility from major donors. Its FY2025 accounts were audited by Crowe U.K. LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE MASTER CHARITABLE TRUST | 1 | £850k |
| THE BURDETT TRUST FOR NURSING | 1 | £146k |
| THE BILLMEIR CHARITABLE TRUST | 1 | £48k |
| THE NUTRITIONAL WELLBEING FOUNDATION | 1 | £40k |
| THE AIM FOUNDATION | 1 | £30k |
| THE KPMG FOUNDATION | 1 | £25k |
| THE GREEN HALL FOUNDATION | 1 | £4k |
| CHARLES S FRENCH CHARITABLE TRUST | 1 | £3k |