The Queen Elizabeth II Commonwealth Trust
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £494,138 for the year, resulting in a decrease in total reserves from £1,306,535 to £812,397. The trustees consider the current level of unrestricted reserves to be sufficient to cover between six and twelve months of annual costs, which is estimated at between £90,000 and £180,000. The going concern basis was adopted based on forecasts to December 2025 and sufficient reserves to fund budgeted expenditure into the next financial year.
What the accounts disclose
“Three employees received emoluments in respect of the year in excess of £60,000 within the bands shown below.” — page 50
Structured financials (annual return, FY ending 31/03/2024)
Trustees
- Stephen Ballchair
- Ameer Kotecha
- Aneeta Williams
- Janette Carole Wilkinson
- Jonathan Andrews
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £243k | £334k |
| 31/03/2024 | £804k | £1.3m |
| 31/03/2023 | £1.1m | £1.6m |
| 31/03/2022 | £980k | £1.7m |
| 31/03/2021 | £796k | £1.5m |
Common questions
Is The Queen Elizabeth II Commonwealth Trust financially healthy?
The accounts state that the charity reported a net expenditure of £494,138 for the year, resulting in a decrease in total reserves from £1,306,535 to £812,397. The trustees consider the current level of unrestricted reserves to be sufficient to cover between six and twelve months of annual costs, which is estimated at between £90,000 and £180,000. The going concern basis was adopted based on forecasts to December 2025 and sufficient reserves to fund budgeted expenditure into the next financial year. Its FY2024 accounts were audited by Crowe U.K. LLP.
Who funds The Queen Elizabeth II Commonwealth Trust?
Funders whose own accounts filings name The Queen Elizabeth II Commonwealth Trust as a grant recipient include IGY FOUNDATION, THE JMCMRJ SORRELL FOUNDATION, CHARTERED ACCOUNTANTS' LIVERY CHARITY.
Known funders
| Funder | Year | Amount |
|---|---|---|
| IGY FOUNDATION | FY2023 | £560k |
| THE JMCMRJ SORRELL FOUNDATION | FY2024 | £50k |
| CHARTERED ACCOUNTANTS' LIVERY CHARITY | FY2023 | £3k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| King Charles III Charitable Fund | 1 | £1.1m |
| Army Benevolent Fund | 1 | £539k |
| THE ROYAL BRITISH LEGION | 1 | £69k |
| QUEEN MARY'S ROEHAMPTON TRUST | 1 | £20k |
| THE RISMAN FOUNDATION | 1 | £13k |
| M ST J WAY CHARITABLE TRUST | 1 | £6k |