Insurance Industry Charitable Foundation UK
Financial health, per its FY2022 accounts
The accounts state that total income decreased to £245,188 from £303,284 in the prior year, resulting in a net expenditure for the period. Free unrestricted reserves fell to £27,483, which is below the trustees' considered ideal level of £60,000 required to cover six months of operations. The trustees note that a formal reserves policy will be established once consistent revenue growth is achieved.
What the accounts disclose
Trustees
- Chris Lockwood
- Julian LaVille
- Kieran Jones
- Mark Trumper
- Martin Wiggins
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £373k | £353k |
| 31/12/2023 | £297k | £315k |
| 31/12/2022 | £245k | £262k |
| 31/12/2021 | £303k | £259k |
| 31/12/2020 | £228k | £248k |
Common questions
Is Insurance Industry Charitable Foundation UK financially healthy?
The accounts state that total income decreased to £245,188 from £303,284 in the prior year, resulting in a net expenditure for the period. Free unrestricted reserves fell to £27,483, which is below the trustees' considered ideal level of £60,000 required to cover six months of operations. The trustees note that a formal reserves policy will be established once consistent revenue growth is achieved. Its FY2022 accounts were independently examined.