INTELLIGENCE CORPS ASSOCIATION
Financial health, per its FY2023 accounts
The accounts state that total funds carried forward were £2,814,645, with unrestricted funds of £1,098,614. The charity reported a net income of £48,345 for the year, driven by significant investment gains, although operational expenditure exceeded incoming resources from activities. The trustees confirmed that financial resilience remains intact despite a negative bank position in the Benevolent Fund, which is being addressed through investment liquidation.
What the accounts disclose
“Trustees recognise the requirement for adequate resource should the association suffer a significant financial shock and assess that any recovery plan would be able to be enacted within 15 months and would require up to £100,000 of free unrestricted reserves.” — page 6
“During the year the charity paid grants of £10,000 to the Military Intelligence Museum for the purpose of educating the public in the role, history, traditions, customs and ethos of the corps.” — page 25
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (01/04/2020)
- Received assets from another charity (01/04/2020)
- Received assets from another charity (01/04/2020)
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £528k | £601k |
| 31/12/2023 | £490k | £519k |
| 31/12/2022 | £490k | £519k |
| 31/12/2021 | £599k | £384k |
| 31/12/2020 | £500k | £361k |
Common questions
Is INTELLIGENCE CORPS ASSOCIATION financially healthy?
The accounts state that total funds carried forward were £2,814,645, with unrestricted funds of £1,098,614. The charity reported a net income of £48,345 for the year, driven by significant investment gains, although operational expenditure exceeded incoming resources from activities. The trustees confirmed that financial resilience remains intact despite a negative bank position in the Benevolent Fund, which is being addressed through investment liquidation. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ROYAL ENGINEERS CENTRAL CHARITABLE TRUST | 1 | £860k |
| G F EYRE CHARITABLE TRUST | 1 | £800 |
| THE MANCHESTER GUARDIAN SOCIETY CHARITABLE TRUST | 1 | £500 |